2018-05-08T15:47:31-05:00 2017-06-30 251408703 SCHNEIDER DOWNS & CO INC ONE PPG PLACE SUITE 1700 PITTSBURGH PA 15222 990 2016-07-01 250965601 WASHINGTON & JEFFERSON COLLEGE WASH 7242236009 60 S LINCOLN STREET WASHINGTON PA 15301 DR JOHN C KNAPP PRESIDENT 7242236009 2018-03-16 1 SUSAN M KIRSCH P00341397 4122613644 2016 2022-09-23 18:48:47Z DR JOHN C KNAPP 60 S LINCOLN STREET WASHINGTON PA 15301 122083518 0 X WWW.WASHJEFF.EDU X 1781 PA PROMOTE EDUCATION, THE DEVELOPMENT OF SKILLS, KNOWLEDGE, AND PERSONAL QUALITIES. 41 36 1183 443 92793 9976 10231794 8077498 73503048 79570111 3854803 1769816 290008 276573 87879653 89693998 28524964 33068275 0 0 25738601 25897049 8000 0 2553354 29519881 30023900 83791446 88989224 4088207 704774 318521155 326087072 73998890 69305624 244522265 256781448 TO GRADUATE PEOPLE OF UNCOMMON INTEGRITY, COMPETENCE, AND MATURITY, WHO ARE EFFECTIVE LIFELONG LEARNERS AND RESPONSIBLE CITIZENS, AND WHO ARE PREPARED TO CONTRIBUTE SUBSTANTIALLY TO THE WORLD IN WHICH THEY LIVE. 0 0 78026629 33068275 79465396 FOUNDED IN 1781, W&J IS ONE OF THE OLDEST COLLEGES IN AMERICA. IT IS A FOUR-YEAR, PRIVATE, LIBERAL ARTS COLLEGE DEDICATED TO ITS STUDENTS. IT IS NATIONALLY RECOGNIZED AS AN EXCELLENT RESIDENTIAL, STUDENT-CENTERED UNDERGRADUATE INSTITUTION. HISTORICALLY, A HIGH PERCENTAGE OF STUDENTS WHO APPLY TO LAW SCHOOLS AND TO PROFESSIONAL HEALTH SCHOOLS ARE ACCEPTED. STATISTICS - UNDERGRADUATE STUDENTS: 1401 FULL-TIME EQUIVALENT STUDENTS AND 253 GRADUATES. 78026629 1 1 0 1 0 0 1 1 0 1 1 1 0 0 1 1 1 0 1 0 1 0 1 0 1 0 0 0 1 1 1 0 0 0 0 0 0 1 0 0 1 1 0 0 0 0 1 0 0 0 1 1811 0 1 1183 1 1 1 0 0 0 0 1 1 0 0 0 0 X 41 36 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 PA X T SZEJKO ASSOCIATE VP OF FINANCE 7242236009 60 S LINCOLN STREET WASHINGTON PA 15301 JERRELL L ANGELL TRUSTEE 1.00 X 0 0 0 JACQUELINE BAUER TRUSTEE (ENTERED 10/2016) 1.00 X 0 0 0 RICHARD F BEATTY TRUSTEE 1.00 X 0 0 0 JOHN C BURNS TRUSTEE 1.00 X 0 0 0 SUSAN COHEN TRUSTEE 1.00 X 0 0 0 JONATHAN M CONRAD TRUSTEE 1.00 X 0 0 0 PATRICK A CORRENTY TRUSTEE 1.00 X 0 0 0 DANA GRAHAM DEVEREUX TRUSTEE 1.00 X 0 0 0 LYN M DYSTER PHD TRUSTEE 1.00 X 0 0 0 WALTER FLAMENBAUM MD TRUSTEE 1.00 X 0 0 0 DONNA HALEY GRIER TRUSTEE 1.00 X 0 0 0 COLEMAN HUGHLEY TRUSTEE 1.00 X 0 0 0 CLYDE B JONES III TRUSTEE 1.00 X 0 0 0 VICTOR LAZZARO JR TRUSTEE 1.00 X 0 0 0 THOMAS J LEYDIG TRUSTEE 1.00 X 0 0 0 STEPHAN M LOEWENTHEIL TRUSTEE 1.00 X 0 0 0 LARRY A MAKEL TRUSTEE 1.00 X 0 0 0 CHARLES F MARCY TRUSTEE 1.00 X 0 0 0 KENNETH MELANI TRUSTEE (ENTERED 10/2016) 1.00 X 0 0 0 JOSEPH H MENENDEZ TRUSTEE 1.00 X 0 0 0 REYNOLD MOONEY TRUSTEE 1.00 X 0 0 0 CHARLES T NASON TRUSTEE 1.00 X 0 0 0 PEGGY NORTHROP TRUSTEE 1.00 X 0 0 0 DONNA LUCAS PELLEGRINI TRUSTEE 1.00 X 0 0 0 B JOHN PENDLETON TRUSTEE 1.00 X 0 0 0 A MICHAEL PRATT TRUSTEE 1.00 X 0 0 0 LOUISE K ROSS TRUSTEE 1.00 X 0 0 0 FRANKLIN RUMORE TRUSTEE 1.00 X 0 0 0 E RONALD SALVITTI II TRUSTEE 1.00 X 0 0 0 JOHN D SIMON TRUSTEE 1.00 X 0 0 0 DAVID A STEINBERG TRUSTEE 1.00 X 0 0 0 DIANE THOMPSON TRUSTEE 1.00 X 0 0 0 ROBERT G WALKER TRUSTEE 1.00 X 0 0 0 JIMIL B WILSON TRUSTEE 1.00 X 0 0 0 RICHARD T CLARK CHAIRMAN 5.00 X X 0 0 0 DIANA L REED 1ST VICE CHAIR 2.50 X X 0 0 0 KEITH GHEZZI VICE CHAIR 2.50 X X 0 0 0 FRANCES SMITH ROHRICH VICE CHAIR 2.50 X X 0 0 0 CRAIG A VARGA ESQ SECRETARY 2.50 X X 0 0 0 STEPHEN M ROSS TREASURER 2.50 X X 0 0 0 DR TORI HARING-SMITH PRESIDENT 55.00 X X 360417 0 106937 DENNIS MCMASTER VP FOR BUSINESS & FINANCE 50.00 X 201566 0 29634 MICHAEL GRZESIAK VP FOR DEVELOPMENT 50.00 X 189134 0 26748 ROBERT GOULD VP OF ENROLLMENT 40.00 X 167428 0 28288 JOHN ZIMMERMAN PROFESSOR 40.00 X 160518 0 26947 EVA CHATTERJEE-SUTTON VP/DEAN STUDENT LIFE 40.00 X 133963 0 26338 SAM FEE PROFESSOR 40.00 X 124553 0 19362 THOMAS SZEJKO ASSOC. VP FOR BUSINESS 40.00 X 114241 0 24178 MICHAEL SHAUGHNESSY - ASSOC DEAN OF GRAD STUDIES & INTL PRGMS 35.00 X 110794 0 8741 1562614 0 297173 18 0 1 0 MOSITES CONSTRUCTION CO 4839 CAMPBELLS RUN ROAD PITTSBURGH PA 15205 CONSTRUCTION 8165612 PARKHURST DINING SERVICE PO BOX 644091 PITTSBURGH PA 152644090 FOOD SERVICE 3986828 GCA SERVICES GROUP PO BOX 643823 PITTSBURGH PA 152643823 FACILITY MANAGEMENT 3900000 ROYALL & COMPANY 1920 E PARNHAM ROAD RICHMOND VA 23228 STUDENT SEARCH SERVICES 682618 ELLUCIAN 4375 FAIR LAKES COURT FAIRFAX VA 22033 TECHNICAL SUPPORT 247107 14 6820 8070678 288460 8077498 TUITION AND FEES 900099 61779411 61779411 STUDENT SERVICES 900099 16592222 16592222 AUXILIARY PROGRAM SERVICES 900099 1198478 1093763 104715 79570111 797179 -11922 809101 30369 30369 64541 70635 -6094 -6094 -6094 32845184 10332 31882879 0 962305 10332 972637 972637 63609 6820 31112 32497 32497 624695 404894 219801 219801 89693998 79465396 92793 2058311 32314103 32314103 754172 754172 1239119 453245 371094 414780 17935060 15386840 1529691 1018529 1248392 1069835 87230 91327 4031760 2279519 1587332 164909 1442718 1160628 192487 89603 105417 105417 108188 108188 6530 6530 426320 426320 7885877 7589292 179694 116891 386216 386216 588119 272012 160087 156020 715480 487361 227544 575 2798262 2798262 712246 528323 51273 132650 55406 35877 12297 7232 831447 475490 253191 102766 2704038 2704038 5709698 5452762 199839 57097 421783 399986 21797 STUDENT ACADEMIC /PROGR 2923993 2923993 ATHLETIC & GAME EXPENSE 1143668 1143668 STUDENT RECRUITING COST 882973 882973 LIFE INCOME AND ANNUITY 387045 387045 1231194 845027 213519 172648 88989224 78026629 8409241 2553354 8000 4000 56235669 45978311 2144975 1939042 1077758 1650597 1295126 1228240 277701 227455 1118044 813605 237889458 95644440 139679927 142245018 64445422 74415810 52238533 57584994 318521155 326087072 6767487 3902988 975648 1081566 56500158 54908316 9755597 9412754 73998890 69305624 X 127217931 129530051 39509744 45435181 77794590 81816216 244522265 256781448 318521155 326087072 X 704774 11261070 293339 X X 0 1 X 1 1 1 X 12332761 10740059 12314057 6531899 7664370 49583146 12332761 10740059 12314057 6531899 7664370 49583146 13188561 36394585 760326 2459462 1485442 956638 904011 6565879 92793 92793 56241818 364697657 0.64710 0.72400 X SCHEDULE A, PART VI, LIST OF UNUSUAL GRANTS: DESCRIPTION: CASH AMOUNT: 413128. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 6530 6530 88982694 88989224 1000000 250000 0 0 1000000 1000000 1000000 1000000 4000000 6000000 6530 6530 250000 250000 250000 250000 1000000 1500000 X 1 1.43 1 0 1 1 16.00 0 1 X X 0 132129300 3220085 12735984 3212354 7255302 387045 137230668 136735510 8964707 -5556042 3138984 4458625 417266 132129300 135711770 6054836 3081069 3062847 4232575 816743 136735510 122227162 5159002 14982374 2726145 3244425 686198 135711770 105285643 14385448 12247905 1963076 7728758 122227162 0.16700 0.59820 0.23480 1 0 10692443 10692443 174952628 63856112 111096516 33044782 27117432 5927350 19199605 4670896 14528709 142245018 STOCKS 266703 F INVESTMENT IN LIMITED P-SHIP 4839496 F INT'L GROWTH EQUITY FUND 17823831 F INVEST. IN OTHER HEDGE FUNDS 22809327 F INVESTMENTS - REAL ESTATE 883743 C CASH SURRENDER VALUE OF LIFE INSURANCE POLICIES 387247 F SECURITIES HELD IN TRUST BY OTHERS 6104051 F COMMODITIES 61245 F ANNUITIES 4409351 F 57584994 ACCRUED RETIREE HEALTHCARE BENEFITS 3302032 FED.GOV ADVANCES FOR STUDENT LOANS 1480912 LIABILITIES UNDER LIFE INTEREST AGREEMENT 3268913 DEPOSITS HELD IN CUSTODY FOR OTHERS 1360897 9412754 X 68496851 11261070 799980 12061050 56435801 187422 33070775 33258197 89693998 56237668 506641 506641 55731027 187422 33070775 33258197 88989224 PART II, LINE 9: WASHINGTON AND JEFFERSON COLLEGE DOES NOT INCLUDE A FOOTNOTE IN THE AUDITED FINANCIAL STATEMENTS RELATED TO CONSERVATION EASEMENTS, HOWEVER, THE PROPERTY SUBJECT TO THE CONSERVATION EASEMENT IS INCLUDED AS AN ASSET WITHIN THE FINANCIAL STATEMENTS OF THE COLLEGE. PART III, LINE 1A: THE COLLEGE'S COLLECTIONS INCLUDE PAINTINGS, PRINTS, PHOTOGRAPHS, SCULPTURES, DRAWINGS AND WATERCOLORS, AND DECORATIVE ARTS. THESE ITEMS ARE HELD FOR EDUCATIONAL, RESEARCH, SCIENTIFIC AND CURATORIAL PURPOSES. EACH OF THE ITEMS IS CATALOGED, PRESERVED AND CARED FOR, AND ACTIVITIES VERIFYING THEIR EXISTENCE AND ASSESSING THEIR CONDITION ARE PERFORMED CONTINUOUSLY. PURCHASES OF COLLECTION ITEMS ARE RECORDED AS OPERATING EXPENDITURES IN THE YEAR IN WHICH THE ITEMS ARE ACQUIRED. CONTRIBUTED COLLECTION ITEMS ARE NOT REFLECTED IN THE FINANCIAL STATEMENTS. PART III, LINE 4: COLLECTIONS ARE USED TO FURTHER THE EDUCATIONAL PURPOSES OF THE COLLEGE. PART V, LINE 4: THE COLLEGE'S ENDOWMENT CONSISTS OF VARIOUS INVESTMENT FUNDS ESTABLISHED PRIMARILY FOR SUPPORT OF THE COLLEGE'S MISSION. ITS ENDOWMENT INCLUDES DONOR-RESTRICTED AS WELL AS BOARD-DESIGNATED ENDOWMENT FUNDS. AS REQUIRED BY GENERALLY ACCEPTED ACCOUNTING PRINCIPLES, NET ASSETS ASSOCIATED WITH ENDOWMENT FUNDS, INCLUDING FUNDS DESIGNATED BY THE COLLEGE TO FUNCTION AS ENDOWMENTS, ARE CLASSIFIED AND REPORTED BASED ON THE EXISTENCE OR ABSENCE OF DONOR-IMPOSED RESTRICTIONS. THE TRUSTEES OF THE COLLEGE HAVE ELECTED TO BE GOVERNED BY THE COMMONWEALTH OF PENNSYLVANIA'S ACT 141 (ACT 141). ACT 141 PERMITS UTILIZATION OF A TOTAL RETURN POLICY THAT ALLOWS A NONPROFIT TO CHOOSE TO TREAT A PERCENTAGE BETWEEN 2% AND 7% OF THE AVERAGE MARKET VALUE OF THE ENDOWMENT'S PERMANENTLY RESTRICTED INVESTMENTS AS INCOME EACH YEAR. HOWEVER, THE LONG-TERM PRESERVATION OF THE REAL VALUE OF THE ASSETS MUST BE TAKEN INTO CONSIDERATION WHEN THE BOARD ELECTS THE AMOUNT. ON AN ANNUAL BASIS, THE COLLEGE ELECTS A SPENDING RATE NOT TO EXCEED 7% AS APPROVED BY THE BOARD. THE COLLEGE CLASSIFIES AS PERMANENTLY RESTRICTED NET ASSETS THE ORIGINAL VALUE OF GIFTS DONATED TO THE PERMANENT ENDOWMENT. EARNINGS ON THESE GIFTS ARE ACCUMULATED IN TEMPORARILY RESTRICTED NET ASSETS, UNLESS THE INCOME ON THE GIFT IS PERMANENTLY RESTRICTED. IN ACCORDANCE WITH ACT 141, THE COLLEGE HAS ADOPTED A WRITTEN INVESTMENT POLICY, OF WHICH A SECTION SPECIFICALLY RELATES TO THE ENDOWMENT FUND. THE COLLEGE CONSIDERS THE FOLLOWING FACTORS IN MAKING A DETERMINATION TO SET A SPENDING RATE: 1. PROTECTING THE CORPUS OF THE ENDOWMENT FUND. 2. PRESERVING THE SPENDING POWER OF THE ASSETS. 3. OBTAINING MAXIMUM INVESTMENT RETURN WITH REASONABLE RISK AND OPERATIONAL CONSIDERATION. 4. COMPLYING WITH APPLICABLE LAWS. THE COLLEGE'S ENDOWMENT FUNDS ARE INTENDED FOR CAPITAL IMPROVEMENTS, OPERATIONAL SUPPORT, AND STUDENT FINANCIAL AID, SUBJECT TO DONOR SPECIFICATIONS STATED IN ORIGINAL GIFT AGREEMENTS. PART X, LINE 2: PROVISION FOR FEDERAL TAXES ON INCOME HAS NOT BEEN MADE IN THE ACCOMPANYING FINANCIAL STATEMENTS, SINCE THE INTERNAL REVENUE SERVICE HAS DETERMINED THAT THE COLLEGE IS AN EXEMPT ORGANIZATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (IRC). THE COLLEGE HAS BEEN FURTHER CLASSIFIED AS AN ORGANIZATION THAT IS NOT A PRIVATE FOUNDATION UNDER SECTIONS 509(A)(1) AND 170(1)(A) OF THE IRC. HOWEVER, TO THE EXTENT THAT SOME AUXILIARY REVENUES EXCEED THE RELATED EXPENSES, THEY ARE CONSIDERED UNRELATED BUSINESS INCOME AND SUBJECT TO INCOME TAXES. THE COLLEGE FOLLOWS THE PROVISIONS OF THE FASB CODIFICATION TOPIC RELATING TO ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. THIS PRESCRIBES A MINIMUM RECOGNITION THRESHOLD AND MEASUREMENT METHODOLOGY THAT A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN IS REQUIRED TO MEET BEFORE BEING RECOGNIZED IN FINANCIAL STATEMENTS. THE COLLEGE'S STATEMENTS OF FINANCIAL POSITION AT JUNE 30, 2017 AND 2016 DO NOT INCLUDE ANY LIABILITIES ASSOCIATED WITH UNCERTAIN TAX POSITIONS; FURTHER, THE COLLEGE HAS NO UNRECOGNIZED TAX BENEFITS. THE COLLEGE BELIEVES THAT IT IS NO LONGER SUBJECT TO EXAMINATION OF ITS TAX RETURNS FOR YEARS PRIOR TO 2014. PART XI, LINE 2D - OTHER ADJUSTMENTS: COSTS OF GOODS SOLD 404,894. RENTAL EXPENSES 70,635. SPECIAL EVENT EXPENSES 31,112. CHANGES IN VALUE OF SPLIT-INTEREST AGREEMENTS 293,339. PART XI, LINE 4B - OTHER ADJUSTMENTS: STUDENT FINANCIAL AID 33,070,775. PART XII, LINE 2D - OTHER ADJUSTMENTS: COSTS OF GOODS SOLD 404,894. RENTAL EXPENSES 70,635. SPECIAL EVENT EXPENSES 31,112. PART XII, LINE 4B - OTHER ADJUSTMENTS: STUDENT FINANCIAL AID 33,070,775. 1 0 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 WASHINGTON AND JEFFERSON COLLEGE ACTIVELY RECRUITS STUDENTS IN 47 STATES, WASHINGTON, D.C., PUERTO RICO, THE VIRGIN ISLANDS AND VARIOUS INTERNATIONAL COUNTRIES. IT IS THE OPINION OF THE COLLEGE THAT IT WOULD BE COST PROHIBITIVE TO PUBLICIZE THE COLLEGE'S NONDISCRIMINATION POLICY (AS TO RACE, COLOR, SEX, HANDICAP, AGE, OR NATIONAL ORIGIN) THROUGH NEWSPAPER OR BROADCAST MEDIA IN SUCH A LARGE GEOGRAPHICAL AREA. THE COLLEGE'S RACIAL NONDISCRIMINATION POLICY (AND OTHER AFOREMENTIONED NONDISCRIMINATORY POLICIES) ARE PUBLISHED IN THE COLLEGE'S CATALOGUES, PROGRAM PROFILES, FINANCIAL AID BROCHURE, APPLICATION FORM, COLLEGE PUBLICATIONS AND OTHER WRITTEN COMMUNICATIONS WHICH ARE ROUTINELY PROVIDED TO ALL PROSPECTIVE STUDENTS. THIS POLICY IS ALSO POSTED ON THE COLLEGE'S INTERNET WEBSITE. SCHEDULE E, PART I, LINE 6 IN THE COURSE OF OUR BUSINESS AS A COLLEGE, THE INSTITUTION RECEIVES FEDERAL GRANTS. 1 EAST ASIA AND THE PACIFIC 0 0 PROGRAM SERVICES STUDY ABROAD 43987 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 PROGRAM SERVICES STUDY ABROAD 682696 MIDDLE EAST AND NORTH AFRICA 0 0 PROGRAM SERVICES STUDY ABROAD 1299 CENTRAL AMERICA AND THE CARIBBEAN 0 0 PROGRAM SERVICES STUDY ABROAD 34146 SOUTH AMERICA 0 0 PROGRAM SERVICES STUDY ABROAD 28183 NORTH AMERICA 0 0 PROGRAM SERVICES STUDY ABROAD 4241 RUSSIA AND NEIGHBORING STATES 0 0 PROGRAM SERVICES STUDY ABROAD 203 SUB-SAHARAN AFRICA 0 0 PROGRAM SERVICES STUDY ABROAD 24477 SOUTH ASIA 0 0 PROGRAM SERVICES INTERNATIONAL RECRUITING 17844 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 PROGRAM SERVICES INTERNATIONAL RECRUITING 30093 EAST ASIA AND THE PACIFIC 0 0 PROGRAM SERVICES INTERNATIONAL RECRUITING 29475 CENTRAL AMERICA AND THE CARIBBEAN 0 0 PROGRAM SERVICES INTERNATIONAL RECRUITING 4038 MIDDLE EAST AND NORTH AFRICA 0 0 PROGRAM SERVICES INTERNATIONAL RECRUITING 3775 SUB-SAHARAN AFRICA 0 0 PROGRAM SERVICES INTERNATIONAL RECRUITING 3153 NORTH AMERICA 0 0 PROGRAM SERVICES INTERNATIONAL RECRUITING 538 SOUTH AMERICA 0 0 PROGRAM SERVICES INTERNATIONAL RECRUITING 538 CENTRAL AMERICA AND THE CARIBBEAN 0 0 GRANTS TO RECIPIENTS LOCATED IN REGION INTERNATIONAL STUDIES 73425 EAST ASIA AND THE PACIFIC 0 0 GRANTS TO RECIPIENTS LOCATED IN REGION INTERNATIONAL STUDIES 121200 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 GRANTS TO RECIPIENTS LOCATED IN REGION INTERNATIONAL STUDIES 437210 MIDDLE EAST AND NORTH AFRICA 0 0 GRANTS TO RECIPIENTS LOCATED IN REGION INTERNATIONAL STUDIES 4900 NORTH AMERICA 0 0 GRANTS TO RECIPIENTS LOCATED IN REGION INTERNATIONAL STUDIES 19950 SOUTH AMERICA 0 0 GRANTS TO RECIPIENTS LOCATED IN REGION INTERNATIONAL STUDIES 86687 SUB-SAHARAN AFRICA 0 0 GRANTS TO RECIPIENTS LOCATED IN REGION INTERNATIONAL STUDIES 10800 SOUTH ASIA 0 0 HONORARIUM TO FOREIGN INDIVIDUAL 2500 CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENTS 20803296 0 0 0 0 0 0 819232 21649422 22468654 STUDENT AID CENTRAL AMERICA AND THE CARIBBEAN 7 73425 CREDIT TO STUDENT'S ACCOUNTS FOR FINANCIAL AID 0 N/A N/A STUDENT AID EAST ASIA AND THE PACIFIC 24 121200 CREDIT TO STUDENT'S ACCOUNTS FOR FINANCIAL AID 0 N/A N/A STUDENT AID EUROPE (INCLUDING ICELAND & GREENLAND) 63 437210 CREDIT TO STUDENT'S ACCOUNTS FOR FINANCIAL AID 0 N/A N/A STUDENT AID MIDDLE EAST AND NORTH AFRICA 2 4900 CREDIT TO STUDENT'S ACCOUNTS FOR FINANCIAL AID 0 N/A N/A STUDENT AID NORTH AMERICA 4 19950 CREDIT TO STUDENT'S ACCOUNTS FOR FINANCIAL AID 0 N/A N/A STUDENT AID SOUTH AMERICA 6 86687 CREDIT TO STUDENT'S ACCOUNTS FOR FINANCIAL AID 0 N/A N/A STUDENT AID SUB-SAHARAN AFRICA 4 10800 CREDIT TO STUDENT'S ACCOUNTS FOR FINANCIAL AID 0 N/A N/A HONORARIUM SOUTH ASIA 1 2500 DIRECTLY TO RECIPIENT 0 N/A N/A 1 0 1 1 1 0 PART I, LINE 2: THE GRANT FUNDS AWARDED TO STUDENTS ARE APPLIED DIRECTLY TO THEIR STUDENT ACCOUNTS. USAGE IS MONITORED BY VIRTUE OF DIRECT ACCOUNT POSTING. PETE HENRY GOLF OUTING 39730 6720 33010 480 1350 9698 6498 329 BASEBALL GOLF OUTING 20525 100 20425 400 3645 2687 2956 1 10174 10174 325 2114 630 70429 6820 63609 1205 1350 15457 9185 3915 31112 32497 1 SCHOLARSHIPS AND STUDENT AID 1414 31177964 0 N/A N/A STUDENT ASSISTANCE FOR ACADEMIC SUPPORT 576 975412 0 N/A N/A STUDENT ASSISTANCE, STUDENT AWARDS 124 160727 0 N/A N/A PART I, LINE 2: GRANT FUNDS AWARDED TO STUDENTS ARE APPLIED DIRECTLY TO THEIR STUDENT ACCOUNTS. USAGE IS MONITORED BY VIRTUE OF DIRECT ACCOUNT POSTING. ELIGIBILITY AND AWARDING OF THE GRANTS IF DETERMINED BY THE FINANCIAL AID OFFICE. X X X X 1 1 X X X X X X 0 0 0 0 0 0 0 1 0 DR TORI HARING-SMITH PRESIDENT 235587 0 0 0 124830 0 92044 0 14893 0 467354 0 84809 0 DENNIS MCMASTER VP FOR BUSINESS & FINANCE 176821 0 16000 0 8745 0 14335 0 15299 0 231200 0 0 0 MICHAEL GRZESIAK VP FOR DEVELOPMENT 167748 0 16000 0 5386 0 13449 0 13299 0 215882 0 0 0 ROBERT GOULD VP OF ENROLLMENT 158135 0 0 0 9293 0 12885 0 15403 0 195716 0 0 0 JOHN ZIMMERMAN PROFESSOR 156735 0 0 0 3783 0 12648 0 14299 0 187465 0 0 0 EVA CHATTERJEE-SUTTON VP/DEAN STUDENT LIFE 133168 0 0 0 795 0 10539 0 15799 0 160301 0 0 0 PART I, LINE 1A HOUSING ALLOWANCE OR RESIDENCE FOR PERSONAL USE: FOR THE COLLEGE'S CONVENIENCE AND TO ENABLE THE PRESIDENT TO CARRY OUT HER RESPONSIBILITIES, THE COLLEGE REQUIRES THE PRESIDENT TO LIVE IN THE PRESIDENT'S HOUSE, WHICH IS LOCATED ON THE COLLLEGE CAMPUS, DURING HER TERM AS PRESIDENT. CLUB MEMBERSHIPS: IN ORDER THAT THE PRESIDENT MAY ENTERTAIN POTENTIAL DONORS AND OTHER BUSINESS ASSOCIATES OF THE COLLEGE, THE COLLEGE PAYS FOR MEMBERSHIP AT THE SOUTHPOINTE CLUB. ALL PERSONAL CHARGES ARE THE PRESIDENT'S RESPONSIBILITY. PART I, LINE 7 D. MCMASTER: $16,000 M. GRZESIAK: $16,000 A WASHINGTON COUNTY INDUSTRIAL DEVELOPMENT AUTHORITY 251437320 93859RAT4 2010-03-22 62084003 REFUNDING, CAPITAL PROJECTS 0 0 0 A 7175587 62084003 555813 924055 60607135 2010 1 0 1 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 0 A 0 0 0 0 1 0 0 0 1 A 0 24000 MERIT BASED SCHOLARSHIP EDUCATIONAL 20000 MERIT BASED SCHOLARSHIP EDUCATIONAL MARTHINSEN & SALVITTI INSURANCE GROUP TRUSTEE OWNER 379458 CURRENT TRUSTEE HAS OWNERSHIP INTEREST IN INSURANCE PROVIDER. 0 X 1 150 FMV X 22 288310 COST OR SALE PRICE 0 0 1 0 PART I, COLUMN (B): THE NUMBER SHOWN IN COLUMN (B) REPRESENTS THE NUMBER OF CONTRIBUTIONS THE COLLEGE RECEIVED FOR EACH TYPE OF PROPERTY FOR THE YEAR ENDED JUNE 30, 2017. PART I, LINE 33: GIFTS IN KIND THAT ARE LESS THAN $10,000 ARE GENERALLY NOT REPORTED AS REVENUE, DUE TO LACK OF MATERIALITY. FORM 990, PART VI, SECTION A, LINE 1 THE EXECUTIVE COMMITTEE SHALL HAVE THE FULL POWER OF THE BOARD OF TRUSTEES AT ALL TIMES WHEN THE BOARD OF TRUSTEES IS NOT IN SESSION, EXCEPT FOR: THE ELECTION OF THE TRUSTEES AND OFFICERS OF THE BOARD; THE AMENDMENT OR REPEAL OF THE COLLEGE CHARTER OR BYLAWS, OR ANY RESOLUTION OF THE BOARD; THE CREATION OR DISSOLUTION OF COMMITTEES OF THE BOARD; THE ELECTION AND TERMINATION OF THE PRESIDENT OF THE COLLEGE; THE AWARDING OF DEGREES AND TENURE; THE APPROVAL OF THE ANNUAL BUDGET AND COMPREHENSIVE FEE (TUITION, FEES, ROOM AND BOARD); THE ACCEPTANCE OF AUDITED STATEMENTS; THE APPROVAL OF DEBT AND INVESTMENT POLICIES; AND CHANGES TO THE COLLEGE'S MISSION STATEMENTS; PROVIDED, HOWEVER, THAT THE EXECUTIVE COMMITTEE MAY TAKE ANY SUCH EXCEPTED ACTION, OR ANY OTHER ACTION, IF AND TO THE EXTENT SPECIFICALLY AUTHORIZED BY A RESOLUTION OF THE BOARD OF TRUSTEES. THE EXECUTIVE COMMITTEE MAY AUTHORIZE, WITHIN ANY TWELVE-MONTH PERIOD, EXPENDITURES UP TO $500,000 IN CONNECTION WITH THE DAY-TO-DAY OPERATION OF THE COLLEGE, PRESSING CIRCUMSTANCES AND FAVORABLE OPPORTUNITIES; PROVIDED THAT THE COMMITTEE (1) DULY CONSIDERS THE NATURE, IMPORTANCE AND COST OF THE PARTICULAR MATTER, THE IMPORTANCE OF TIMING, THE LENGTH OF TIME UNTIL THE NEXT BOARD MEETING, AND THE DESIRABILITY OF FULL BOARD APPROVAL; (2) OBTAINS THE APPROVAL OF THE CHAIRS OF ALL APPROPRIATE COMMITTEES, AND (3) DETERMINES THAT ANY SUCH EXPENDITURE IS FISCALLY PRUDENT AND CONSISTENT WITH THE MISSION OF THE COLLEGE. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED BY THE ASSOCIATE VP FOR BUSINESS AND THE CHIEF FINANCIAL OFFICER. HIGHLIGHTS OF THE FORM ARE THEN REVIEWED WITH THE PRESIDENT OF THE COLLEGE. THE FORM IS AVAILABLE TO THE BOARD ONLINE, FOR THEIR REVIEW, AND IS PRESENTED TO THE AUDIT COMMITTEE FOR THEIR REVIEW AND APPROVAL, PRIOR TO FILING WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY IS REVIEWED ANNUALLY BY THE SENIOR STAFF OF THE COLLEGE AND BY LEGAL COUNSEL. ANNUAL DISCLOSURE STATEMENTS ARE SENT OUT TO BOARD MEMBERS, OFFICERS, AND KEY EMPLOYEES. TRUSTEES OR OFFICERS WHO HAVE DISCLOSED A CONFLICT OF INTEREST, OR WHO HAVE BEEN FOUND TO HAVE A CONFLICT OF INTEREST, SHALL REFRAIN AND BE ABSENT FROM CONSIDERATION OF RELATED MATTERS, EXCEPT TO THE EXTENT THAT THE BOARD REQUESTS INFORMATION OR INTERPRETATION. IN NO EVENT SHALL THE TRUSTEE OR OFFICERS HAVE A RIGHT TO VOTE ON THE MATTER OR TO BE PRESENT AT THE TIME OF THE VOTE. FORM 990, PART VI, SECTION B, LINE 15 -PRESIDENT: THE EMPLOYMENT CONTRACT INCLUDED A SALARY/BENEFITS REVIEW PERFORMED BY AN UNRELATED THIRD PARTY ON BEHALF OF THE BOARD OF TRUSTEES, AND THE CONTRACT WAS APPROVED BY AN INDEPENDENT BOARD. THE PROCESS INCLUDED AN ANALYSIS OF COMPARABLE SALARY AND BENEFIT DATA. THE BOARD APPROVAL WAS DOCUMENTED IN THE MINUTES. -VP FOR BUSINESS AND FINANCE: THE COLLEGE SUBCONTRACTED TO AN UNRELATED CONSULTANT GROUP FOR A SALARY AND BENEFITS REVIEW, INCLUDING AN ANALYSIS OF COMPARABLE DATA, AND ASSISTANCE WITH THE HIRING PROCESS. THE BOARD AND THE SENIOR STAFF ALSO PARTICIPATED IN THE PROCESS. -THE COLLEGE USES AN INDEPENDENT CONSULTING FIRM, A COMMITTEE MADE UP OF INDEPENDENT BOARD MEMBERS, STAFF, FACULTY AND STUDENTS WHEN SEARCHING FOR A NEW VICE PRESIDENT OR ABOVE. FORM 990, PART VI, SECTION C, LINE 19 THE COLLEGE MAKES ITS GOVERNANCE DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST, TYPICALLY VIA EMAIL. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF SPLIT-INTEREST AGREEMENTS 293,339. FORM 990, PART XII, QUESTION 2C, OVERSIGHT OF FINANCIAL STATEMENT AUDIT: THE AUDIT AND RISK MANAGEMENT COMMITTEE OF THE BOARD OF TRUSTEES MEETS TWO TIMES A YEAR WITH THE COLLEGE'S EXTERNAL AUDITORS. THE FIRST MEETING TAKES PLACE IN THE PRE AUDIT PLANNING PHASE, AND THE SECOND MEETING IS AFTER THE THE AUDIT FIELDWORK IS COMPLETED, TO REVIEW THE RESULTS WITH THE AUDITORS. THE COMMITTEE THEN VOTES TO APPROVE THE RESULTS OF THE AUDITED FINANCIAL STATEMENTS AND PRESENTS THE RESULTS TO THE FULL BOARD. THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. FORM 990, PART VII, EMERITUS TRUSTEES: THE FOLLOWING INDIVIDUALS SERVE AS EMERITUS TRUSTEES OF WASHINGTON & JEFFERSON COLLEGE WITH NO VOTING RIGHTS: EDWINA W. CAMERON, DR. WALTER COOPER, DR. JOHN R. ECHEMENT, JOHN E. FRAZIER II, M.D., RICHARD Y. HADDAD, DR. JOSEPH A. HARDY, SR., JAMES H. KNEPSHIELD, M.D., WILLIAM N. MACARTNEY III, JOHN L.S. NORTHROP, RONALD V. PELLEGRINI, M.D., JAMES L. PHILLIPS, M.D., ANICA D. RAWNSLEY, E. RONALD SALVITTI, M.D., RONALD P. SANDMEYER, SR., ROBERT H. SHOOP, JR., ROBERT B. SHUST, WILLIAM M. STOUT, F. LEO WRIGHT, ESQ. (EXITED 03/2017) CHARITABLE REMAINDER UNITRUST (7) PHILANTHROPY PA WASHINGTON & JEFFERSON COLLEGE 0 CHARITABLE REMAINDER TRUST (3) PHILANTHROPY PA WASHINGTON & JEFFERSON COLLEGE 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0