2018-05-15T08:44:50-05:00 2017-06-30 390859910 BAKER TILLY VIRCHOW KRAUSE LLP 1550 MARKET STREET 45TH FL PHILADELPHIA PA 19103 990 2016-07-01 231352635 Franklin & Marshall College FRAN 7173583925 PO Box 3003 Lancaster PA 176043003 Paul Mutone VP FINANCE AND ADMINISTRATION 7173583925 2018-05-14 1 Julius C Green CPA P00350393 2159720701 X 2016 2022-09-23 18:48:47Z WENDY S STARNER PO Box 3003 Lancaster PA 176043003 358522395 0 X WWW.FANDM.EDU X 1787 PA A residential college dedicated to excellence in undergraduate liberal arts education. 33 32 2639 1595 434060 -726016 32124559 26679817 143620991 147345020 22281723 35138535 6220655 3941820 204247928 213105192 46648567 49702969 0 0 72917437 77488934 0 0 8511551 64334848 61409673 183900852 188601576 20347076 24503616 669038849 696054655 171526549 170165765 497512300 525888890 X Franklin & Marshall college is a residential college dedicated to excellence in undergraduate liberal arts education. Its aims are to inspire in young people of high promise and diverse backgrounds a genuine and enduring love for learning, to teach them to read, write, and think critically, to instill in them the capacity for both independent and collaborative action, and to educate them to explore and understand the natural, social, and cultural worlds in which they live. In so doing, the college seeks to foster in its students qualities of intellect, creativity, and character, that they may live fulfilling lives and contribute meaningfully to their occupations, their communities, and their world. 0 0 48581901 7017 123598985 Instruction: The College grants bachelor of arts degrees in 43 fields of study, with a full-time equivalent undergraduate enrollment of 2350 students during the 2017 academic year. The College offers an integrated learning environment where students engage the values of the liberal arts both through the curriculum and in their lives outside the formal classroom. Our current student to faculty ratio is 9 students to every 1 faculty member and approximately 40% of our students work one-on-one with a faculty member on a for-credit project. Within six months following graduation, 79% of the class of 2017 was employed and 19% was pursuing further education. 49134594 49207790 0 Financial Aid: The College's strategic plan includes a commitment to recruit extraordinary student talent. To that end, the College provides need-based financial aid to over 50% of our students, meeting 100% of these students' institutionally determined financial need for all four years on campus. F&M's innovative talent strategy and ongoing commitment to growing its financial aid budget has enabled the College to recruit the best students from across the US and around the world. The Class of 2020 is among the most academically exceptional and diverse classes in F&M's history. Hailing from 31 states and 21 countries, they boast an average SAT of 1306 and an average ACT score of 30. Approximately 23% are domestic students of color, 22% are first-generation college students, 19% are eligible for federal Pell Grants, and 17% are international students. 10641397 69727 0 Student Services: The College is recognized for providing a highly regarded and innovative post graduate and student success service as well as a state of the art student wellness service. The College's unique College House system provides students with an integrated living and learning experience. The College also offers more than 115 active student clubs, 27 varsity sports, a Greek Life system, its own art museum, club and intramural sports teams, and abundant volunteer opportunities to complement our students' academic pursuits. The College has been recognized on several occasions by membership in the President's Community Service Honor Roll nationally. Approximately three-fourths of students participate in some form of community service, and more than one in four contribute 20 or more hours per semester. We estimated a total of 52,600 total hours of service in 2016-17. Signature programs include the Volunteer Income Tax Assistance Program, Squash Aces, and F&M Works. 14050736 0 23388857 Auxiliary Operations: Academic support, research, public service, and institutional support. 8992180 50852 0 Academic support 6468832 24869 Research 1921360 342714 Public service Institutional support 31433108 418435 23388857 139791000 1 1 0 0 0 0 0 1 1 1 1 1 0 0 1 1 0 1 1 0 1 0 1 0 0 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 1 519 0 1 2639 1 1 1 1 UK 0 0 0 0 0 0 0 0 X 33 32 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 1 0 AK CA CO DC KY MD MA MI NH NY OR PA WA X Wendy Starner Assoc Vice President for Finance 7173583925 PO Box 3003 Lancaster PA 176043003 Daniel R Porterfield President 60.00 X X 602696 0 111921 Michael T Arnold Trustee 2.00 X 0 0 0 Reed D Auerbach Trustee 2.00 X 0 0 0 Lawrence G Braitman Trustee 2.00 X 0 0 0 Robert J Brooks Sr Trustee 3.00 X 0 0 0 Matthew N DesChamps Trustee 2.00 X 0 0 0 Douglas H Evans Trustee 2.00 X 0 0 0 Joan M Fallon Trustee 2.00 X 0 0 0 Anne W Fass Trustee 2.00 X 0 0 0 Richard M Fuller Trustee 2.00 X 0 0 0 John W Greene Jr Trustee 2.00 X 0 0 0 Elaine Tuttle Hansen Trustee 2.00 X 0 0 0 Patricia E Harris Trustee - Vice Chair 4.00 X X 0 0 0 Brett S Harwood Trustee 2.00 X 0 0 0 Shawn M Jenkins Trustee 2.00 X 0 0 0 Susan Kline Klehr Trustee - Vice Chair 4.00 X X 0 0 0 Hale A Krasne Trustee 2.00 X 0 0 0 Anthony I Kreisel Trustee 3.00 X 0 0 0 David H Lehman Trustee 2.00 X 0 0 0 Stanley L Levin Trustee 3.00 X 0 0 0 Kenneth B Mehlman Trustee 2.00 X 0 0 0 Eric W Noll Trustee 2.00 X 0 0 0 Eric Rackow Trustee 3.00 X 0 0 0 John L Rosenthal Trustee 3.00 X 0 0 0 Raymond A Sanseverino Trustee 2.00 X 0 0 0 Mary L Schapiro Trustee 2.00 X 0 0 0 Laurence A Shadek Trustee 2.00 X 0 0 0 H Art Taylor Trustee 2.00 X 0 0 0 Edward D Van Dolsen Trustee 2.00 X 0 0 0 Susan L Washburn Trustee - Chair 4.00 X X 0 0 0 Colleen Ross Weis Trustee 2.00 X 0 0 0 Benjamin J Winter Trustee - Vice Chair 4.00 X X 0 0 0 Frances Donnelly Wolf Trustee - Vice Chair 4.00 X X 0 0 0 Joel W Martin Provost and Dean of the Faculty 60.00 X 280590 0 51901 Alan Caniglia VP for Planning 60.00 X 186202 0 40515 Eric Maguire VP/Dean of Admis. & Financial Aid 60.00 X 274060 0 33823 Matthew K Eynon VP for College Advancement 60.00 X 320317 0 58353 David R Proulx VP for Finance & Admin. / Treas. 60.00 X 336815 0 51849 Margaret Hazlett Dean of the College 60.00 X 230630 0 43759 Pierce Buller Gen. Counsel & Dep. Chief of Staff 60.00 X 234259 0 48328 Kevin Burke VP for Communications 40.00 X 170564 0 32904 Robyn L Piggott Chief of Staff / Secretary 40.00 X 179579 0 33509 Ann R Steiner Prof. of Classics & Former Provost 40.00 X 190489 0 40772 Carrie E Rampp AVP & Chief Information Officer 40.00 X 184489 0 34336 Stanley A Mertzman Professor of Geosciences 40.00 X 177857 0 27190 Beth L Throne AVP Student & Post-Graduate Dev. 40.00 X 167032 0 39292 Gregory S Adkins Professor of Physics 40.00 X 158345 0 39105 3693924 0 687557 105 0 1 0 Turner Construction Company 1500 Spring Garden Street Philadelphia PA 197304148 construction SVC. 10506216 Sodexo Inc & Affiliates 4880 Payshere Circle Chicago IL 60674 Food Services mgmt. 6814062 Warfel Construction 1110 Enterprise Road East Petersburg PA 17520 Construction SVC. 5137264 Wagman Construction 231 N George Street York PA 174011107 CONSTRUCTION SVC. 2331994 Lancaster General Medical Grp 1030 New Holland Ave building 12A BIRMINGHAM AL 35283 Student Health Services 1338814 53 3309759 23370058 1104318 26679817 Tuition & Fees 900099 122253621 122253621 Auxiliary Operations 721310 23746035 23388857 357178 Summer School & Fees 900099 1345364 1345364 147345020 7615026 6834 7608192 33772 33772 1234557 951134 283423 283423 283423 171989578 144466069 27523509 27523509 27523509 Research Income 900099 833284 70048 763236 MEMBERSHIP INCOME 900099 398911 398911 ACTIVITIES FEES 900099 285788 285788 2106642 2106642 3624625 213105192 146987842 434060 39896420 342714 342714 43475768 43475768 5884487 5884487 4512879 1931122 1862716 719041 52796061 37553216 12883074 2359771 5189875 3671029 1273727 245119 11081929 7723095 1621159 1737675 3908190 2742131 973831 192228 488721 28095 460626 297164 297164 963772 963772 11026291 8256711 2091366 678214 246068 87174 88165 70729 5226794 2572560 2273797 380437 3862762 423480 3337192 102090 5335407 2435751 2853788 45868 3427969 2942391 233343 252235 341675 217321 95360 28994 1978141 1978141 12448582 8614138 3178869 655575 721932 64120 657812 Repairs & Equip. Maint. 3617758 1532555 2085203 Off Campus programs 3617465 3617465 Food 2929385 1781507 402000 745878 LOSS ON ADVANCE FUNDING 2658690 2658690 2221097 1916029 7371 297697 188601576 139791000 40299025 8511551 706506 34574 11465780 6903789 33387310 27084583 3610034 2646728 1341234 1332272 369099382 126968173 230020309 242131209 206321652 278223620 149022696 113769303 13701480 8088352 19461848 15840225 669038849 696054655 9590272 9913505 1586457 3404079 99442409 99297571 3630382 3150787 4929615 4737924 52347414 49661899 171526549 170165765 X 244525848 256746023 128145007 132398808 124841445 136744059 497512300 525888890 669038849 696054655 X 24503616 8861419 -4988445 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X X 0 0 1 X 275806471 12711922 39405607 -5777809 -10908647 -834763 310402781 301988159 4884323 -15891595 5010261 9199681 964475 275806471 314090996 4560456 2211034 4802404 9766980 4304943 301988159 286022157 5282480 38492607 4508807 9257444 1939997 314090996 270997089 3451869 26717383 4395457 9356394 1392333 286022157 0.36240 0.33140 0.30620 0 0 19562 13596627 13616189 66452 260410909 81953515 178523846 56343144 43014741 13328403 38662688 1999917 36662771 242131209 beneficial interest in perpetual trusts 17432009 F ALTERNATIVE INVESTMENTS 96337294 F 113769303 Postretirement benefit obligations 24527388 Annuity obligations 17634344 Fin 47 obligation 6451096 contract liability 226852 due to/due from 822219 49661899 X 166758971 8861419 -56158774 -47297355 214056326 -951134 -951134 213105192 138275961 2515819 2515819 135760142 52841434 52841434 188601576 Part III, Line 1a: Collection items consists of artworks, rare books and other objects that have come to the college and Millport Conservancy principally through gifts, although some were purchased and certain of the collections were received in trust. The collection is held for public exhibition and education and is protected, kept unencumbered, cared for and preserved. Each of these items is catalogued, and activities verifying their existence and assessing their condition are performed continuously. The collections' insurance - appraised value is approximately $7,486,000. The collections are not recognized as assets in the consolidated statement of financial position as permitted by GAAP. Purchases of collection are recorded as decreases in unrestricted net assets in the year in which the items are acquired, or as reduction in temporarily or permanently restricted net assets if the net assets used to purchase the items are restricted by donors. Proceeds from deaccessions are reflected as increases in the appropriate net asset classes. Part III, Line 4: The college's collections contain regional and international works of art, rare books, cultural objects, and historical objects. they advance the instructional, academic support, and public service purposes of the college by exhibition and use by faculty, students, and the community, via local and online access. Part IV, Line 2b: These funds are deposits held in custody for others, Franklin & Marshall college acting as agent. Part V, Line 4: Of the total endowment, 28% is intended for student aid, 21% for general unrestricted purposes, 17% for operations and maintenance, 15% for instruction, and the remainder for miscellaneous restricted purposes. Part X, Line 2: Under provisions of Internal Revenue Code Section 501(c)(3) and the applicable income tax regulations of Pennsylvania, the College is exempt from taxes on income other than unrelated business income. Since the College had no material net unrelated business income during the years ended June 30, 2017 and 2016, no provision for income taxes has been made. The College does not believe that there are any material unrecognized tax benefits or costs that should be recorded. Part XI, Line 2d - Other Adjustments: changes in annuity obligations -2,453,150. changes in cash surrender value 64,747. Changes in Pledge discounts and allowances -657,471. change in post retirement benefit obligation 1,032,469. Grantor Trust Gains 174,650. de-consolidation of Millport conservancy and ASE Revenue 1,504,105. BAD DEBT SOURCED FROM UNCOLLECTIBLE PLEDGES -2,982,690. Loss on advance refunding of debt -2,658,690. Student Financial Aid -49,134,579. Investment Management Fees -1,048,165. Part XI, Line 4b - Other Adjustments: Rental Expense -951,134. Part XII, Line 2d - Other Adjustments: rental expenses 951,134. de-consolidation of Millport conservancy and ASE Expenses 1,564,685. Part XII, Line 4b - Other Adjustments: INVESTMENT EXPENSES 1,048,165. Student financial aid 49,134,579. Loss on Advanced Refinding of Debt 2,658,690. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 Schedule E, Part I, Line 3 The college complies with section 4.03 because A) students are drawn from a large demographic area, and B) the college complies with section 4.02 requirements. Schedule E, Part I, Line 6 The commonwealth of Pennsylvania annually provides an institutional assistance grant to those institutions that do not receive funding from the state via budget appropriation. this grant is based on the total number of students receiving state higher education grants. 0 East Asia and the Pacific - Australia, Brunei, Burma, Cambodia, 0 0 program services admissions recruitment 32657 South Asia - Afghanistan, Bangladesh, Bhutan, India, Maldives, Nepal, 0 0 program services Admissions recruitment 16382 Central America and the Caribbean - Antigua & Barbuda, Aruba, Bahamas, 0 0 program services conf/research/travel 6460 East Asia and the Pacific - Australia, Brunei, Burma, Cambodia, 0 0 program services conf/research/travel 81760 Europe (Including Iceland & Greenland) - Albania, Andorra, Austria, Belgium 0 0 program services conf/research/travel 364639 Middle East and North Africa - Algeria, Bahrain, Djibouti, Egypt, 0 0 program services conf/research/travel 7864 North America - Canada and Mexico, but not the United States 0 0 program services conf/research/travel 10244 Russia and Neighboring States - Armenia, Azerbijan, Belarus, 0 0 Program Services conf/research/travel 106556 South America - Argentina, Bolivia, Brazil, Chile, Columbia, Ecuador, 0 0 program services conf/research/travel 17293 South Asia - Afghanistan, Bangladesh, Bhutan, India, Maldives, Nepal, 0 0 program services conf/research/travel 10352 Sub-Saharan Africa - Angola, Benin, Botswana, Burkina Faso, 0 0 program services Conf/research/travel 93143 Central America and the Caribbean - Antigua & Barbuda, Aruba, Bahamas, 0 0 program services study abroad 75678 East Asia and the Pacific - Australia, Brunei, Burma, Cambodia, 0 0 program services study abroad 314600 Europe (Including Iceland & Greenland) - Albania, Andorra, Austria, Belgium 0 0 program services study abroad 2260883 Middle East and North Africa - Algeria, Bahrain, Djibouti, Egypt, 0 0 program services study abroad 97120 South America - Argentina, Bolivia, Brazil, Chile, Columbia, Ecuador, 0 0 program services Study abroad 210590 South Asia - Afghanistan, Bangladesh, Bhutan, India, Maldives, Nepal, 0 0 program services study abroad 94401 Sub-Saharan Africa - Angola, Benin, Botswana, Burkina Faso, 0 0 program services study abroad 187373 Central America and the Caribbean - Antigua & Barbuda, Aruba, Bahamas, 0 0 Investments 63183984 Central America and the Caribbean - Antigua & Barbuda, Aruba, Bahamas, 0 0 grantmaking 239460 East Asia and the Pacific - Australia, Brunei, Burma, Cambodia, 0 0 grantmaking 2459076 Europe (Including Iceland & Greenland) - Albania, Andorra, Austria, Belgium 0 0 grantmaking 992512 Middle East and North Africa - Algeria, Bahrain, Djibouti, Egypt, 0 0 grantmaking 270446 North America - Canada and Mexico, but not the United States 0 0 grantmaking 100400 Russia and Neighboring States - Armenia, Azerbijan, Belarus, 0 0 grantmaking 223207 South America - Argentina, Bolivia, Brazil, Chile, Columbia, Ecuador, 0 0 grantmaking 169340 South Asia - Afghanistan, Bangladesh, Bhutan, India, Maldives, Nepal, 0 0 grantmaking 803357 Sub-Saharan Africa - Angola, Benin, Botswana, Burkina Faso, 0 0 grantmaking 623489 0 0 0 0 0 0 626562 72426704 73053266 Student scholarships Central America and the Caribbean - Antigua & Barbuda, Aruba, Bahamas, 4 0 228960 Reduction to tuition and fees Book Student scholarships East Asia and the Pacific - Australia, Brunei, Burma, Cambodia, 59 0 2310576 Reduction to tuition and fees Book Student Scholarships Europe (Including Iceland & Greenland) - Albania, Andorra, Austria, Belgiu 17 0 939150 Reduction to tuition and fees Book Student Scholarships Middle East and North Africa - Algeria, Bahrain, Djibouti, Egypt, 5 0 255633 Reduction to tuition and fees book Student Scholarships North America - Canada and Mexico, but not the United States 2 0 94400 Reduction to Tuition and fees Book student scholarships Russia and Neighboring States - Armenia, Azerbijan, Belarus, 5 0 212907 Reduction to Tuition and fees Book student scholarships South America - Argentina, Bolivia, Brazil, Chile, Columbia, Ecuador, 3 0 163340 Reduction to tuition and fees book student scholarships South Asia - Afghanistan, Bangladesh, Bhutan, India, Maldives, Nepal, 16 0 762835 reduction to tuition and fees book student scholarships Sub-Saharan Africa - Angola, Benin, Botswana, Burkina Faso, 12 0 588398 reduction to tuition and fees book student loans Central America and the Caribbean - Antigua & Barbuda, Aruba, Bahamas, 4 0 10500 reduction to tuition and fees book student loans East Asia and the Pacific - Australia, Brunei, Burma, Cambodia, 51 0 148500 reduction to tuition and fees book student loans Europe (Including Iceland & Greenland) - Albania, Andorra, Austria, Belgiu 17 0 53362 reduction to tuition and fees book student loans Middle East and North Africa - Algeria, Bahrain, Djibouti, Egypt, 5 0 14813 reduction to tuition and fees book student loans North America - Canada and Mexico, but not the United States 2 0 6000 reduction to tuition and fees book student loans Russia and Neighboring States - Armenia, Azerbijan, Belarus, 4 0 10500 reduction to tuition and fees book student loans South America - Argentina, Bolivia, Brazil, Chile, Columbia, Ecuador, 2 0 6000 reduction to tuition and fees book student loans South Asia - Afghanistan, Bangladesh, Bhutan, India, Maldives, Nepal, 15 0 43522 reduction to tuition and fees book student loans Sub-Saharan Africa - Angola, Benin, Botswana, Burkina Faso, 11 0 35091 reduction to tuition and fees book 1 0 1 0 1 0 Part I, Line 2: student scholarships and loans are applied directly to student accounts. travel and student research grants require substantiation. Part I, line 3: expenditures are reported based on the college's accrual method of accounting. Part III, Col (c): Number of recipients for student scholarships and student loans was based on financial aid records of recipients. Number of recipients for student research and travel grants was estimated based on the number of payees (cash grants) and/or the number of research projects funded (cash and noncash grants). SCHEDULE F, PART IV, LINE 3: THE ORGANIZATION HELD INVESTMENTS IN FOREIGN-DOMICILED CORPORATIONS, HOWEVER, THE ORGANIZATON'S OWNERSHIP INTEREST DID NOT EXCEED THE THRESHOLD FOR FILING A FORM 5471. SCHEDULE F, PART IV, LINE 5: THE ORGANIZATION HELD INVESTMENTS IN FOREIGN-DOMICILED PARTNERSHIPS, HOWEVER, THE ORGANIZATON'S OWNERSHIP INTEREST DID NOT EXCEED THE THRESHOLD FOR FILING A FORM 8865. 1 CTC Ten Foundation po box 933 ardmore PA 190030933 261442603 501(c)(3) 10000 General Support Community Action Program of Lancaster County 601 S Queen Street Lancaster PA 176035621 231667311 501(c)(3) 29500 General support Fulton Theatre PO Box 1865 Lancaster PA 176081865 231631733 501(c)(3) 12500 stage productions lancaster city alliance 354 n Prince Street Lancaster PA 176033085 463353021 501(c)(3) 150000 lancaster city edp Lancaster General Health Foundation 609 N Cherry Street PO Box 2555 lancaster PA 17604 205767147 501(c)(3) 20000 cancer institute support Millport conservancy 737 E Millport Rd Lititz PA 17543 222436077 501(c)(3) 84500 General support 6 Prizes and awards 364 194506 30810 cost non-cash prizes student research and travel grants 99 92478 69505 cost supplies, travel expense student scholarships 1226 0 43088469 cost tuition reductions Part I, Line 2: student scholarships are applied directly to student accounts. travel and student research grants require substantiation. Part III: Accounting for cash and noncash assistance Payments/reimbursements directly to recipients are considered cash assistance. payments to vendors to benefit recipients, or the purchase of noncash items to be given to recipients are considered noncash assistance. Part III, Column B: number of recipients The number of recipients for student scholarships is based on financial aid records of recipients. the number of recipients for prizes and awards is estimated based on the number of payees (cash prizes/awards), and the number of recipients benefitted or number of items purchased (noncash prizes/awards). The number of recipients for student research and travel grants is estimated based on the number of payees (cash grants), and/or the number of research projects funded (cash and noncash grants). X X X X 1 1 X X X 0 0 0 0 0 0 0 1 0 Daniel R Porterfield President 530092 0 25000 0 47604 0 31800 0 80121 0 714617 0 0 0 Joel W Martin Provost and Dean of the Faculty 279630 0 0 0 960 0 31800 0 20101 0 332491 0 0 0 Alan Caniglia VP for Planning 186202 0 0 0 0 0 28432 0 12083 0 226717 0 0 0 Eric Maguire VP/Dean of Admis. & Financial Aid 273100 0 0 0 960 0 31800 0 2023 0 307883 0 0 0 Matthew K Eynon VP for College Advancement 319357 0 0 0 960 0 31800 0 26553 0 378670 0 0 0 David R Proulx VP for Finance & Admin. / Treas. 335855 0 0 0 960 0 31800 0 20049 0 388664 0 0 0 Margaret Hazlett Dean of the College 219670 0 10000 0 960 0 24009 0 19750 0 274389 0 0 0 Pierce Buller Gen. Counsel & Dep. Chief of Staff 233299 0 0 0 960 0 28362 0 19966 0 282587 0 0 0 Kevin Burke VP for Communications 169604 0 0 0 960 0 20396 0 12508 0 203468 0 0 0 Robyn L Piggott Chief of Staff / Secretary 173379 0 5000 0 1200 0 20994 0 12515 0 213088 0 0 0 Ann R Steiner Prof. of Classics & Former Provost 190489 0 0 0 0 0 28876 0 11896 0 231261 0 0 0 Carrie E Rampp AVP & Chief Information Officer 183529 0 0 0 960 0 22249 0 12087 0 218825 0 0 0 Stanley A Mertzman Professor of Geosciences 177857 0 0 0 0 0 26493 0 697 0 205047 0 0 0 Beth L Throne AVP Student & Post-Graduate Dev. 166432 0 0 0 600 0 20418 0 18874 0 206324 0 0 0 Gregory S Adkins Professor of Physics 158345 0 0 0 0 0 20291 0 18814 0 197450 0 0 0 Part I, Line 1a President - college owned property housing is provided for the convenience of the college and is a condition of employment. custodial services are provided to maintain and refresh the property for college events and activities held at the residence. the housing and custodial services are not included in taxable compensation. the college, for college business purposes, reimburses health/social club dues and business expenses. these reimbursements are not included in taxable compensation. taxable compensation is paid to account for taxes on additional life and ltd insurance premiums. a college leased vehicle is provided for travel related activities. personal use of the vehicle is included in taxable compensation. VP of finance and administration - taxable compensation is paid to account for taxes on additional life and ltd insurance premiums. the college, for college business purposes, reimburses health/social club dues and business expenses. These reimbursements are not included in taxable compensation. VP for college communications - taxable compensation is paid to account for taxes on additional life and ltd insurance premiums. Provost & dean of the faculty - taxable compensation is paid to account for taxes on additional life and ltd insurance premiums. vp of college advancement - the college, for college business purposes, reimburses health/social club dues and business expenses. these reimbursements are not included in taxable compensation. taxable compensation is paid to account for taxes on additional life and ltd insurance premiums. dean of the college: taxable compensation is paid to account for taxes on additional life and ltd insurance premiums. college-owned housing is provided for the convenience of the college and is a condition of employment. personal services for maid/cleaning services are paid to maintain and refresh the property for college events and activities held at the property. the housing and custodial services are not included in taxable compensation. VP & Dean of admissions & financial aid - taxable compensation is paid to account for taxes on additional life and ltd insurance premiums. Chief of staff & secretary of the college - taxable compensation is paid to account for taxes on additional life and ltd insurance premiums. Part I, Line 7 The Compensation committee, following the recommendation of the President, establishes appropriate bonus compensation, if any, for senior officers. This determination is made using both financial and non-financial measures, such as performance reviews, applicable employment agreements, and other factors A Lancaster High Education Authority 232224897 2016-01-27 70000000 Refinance 5/1/2006 issue and financing new stadium 0 0 0 B Lancaster High Education Authority 232224897 2016-09-22 32830000 Refinance 6/19/2008 Bond issue 0 0 0 A 2380000 70000000 458566 159025 11438531 50000000 7943878 2019 1 0 0 1 B 790000 30000000 32830000 32658688 164165 7147 2017 0 1 0 1 A 0 0 1 1 0 0.00000 0.00000 0.00000 0 0 1 B 0 0 1 1 0 0.00000 0.00000 0.00000 0 0 1 A 0 1 0 0 0 0 0 0 1 B 0 1 0 0 0 0 0 0 1 A 1 B 1 X 8 3723 Appraisal X 206 Comparable Sales X 55 1094708 NYSE X Event Expense 11 5352 Purchase price X Equipment 1 329 Comparable Sales 0 0 1 1 Part I, Column (b): The number of contributions in column B is equal to the number of individuals WHO had made contributions for the various line items. Part I, Line 32b: during accession and deaccession of collection items, appraisers and auction services may be used. Form 990, Part VI, Section A, line 1 The college has an executive committee which is authorized to act in place of the full board at all times. The committee is composed of 11 members of the board, including the President, during the fiscal year. Form 990, Part VI, Section B, line 11b The organization enlists an outside public accounting firm to assist in assembling and reviewing the Form 990. An internal review by the finance administration is performed once the accounting firm completes its work. The audit committee next reviews the return, and all comments are addressed to and answered by both the public accounting firm and internal perparers. Once all external and internal review is complete, a copy of the Form 990 is supplied to all members of the board of trustees prior to the return's filing. Form 990, Part VI, Section B, line 12c The Conflict of interest policy is circulated to officers and trustees annually, requesting a declaration and explanation of potential conflicts with professional and other duties, including membership on other boards. The executive committee of the board monitors the policy through this annual process. Officers and trustees cannot participate in deliberations or actions by the college with respect to any proposed transaction or relationship with respect to which the trustee or officer has a financial interest or other conflict of interets. Family and business relationships are expressly mentioned in the conflict of interest policy as being possible sources of conflicts. Form 990, Part VI, Section B, line 15 Each year, performance reviews are conducted between February and May for senior officers (President, Vice Presidents, Provost, and Dean of the College). Independently - gathered comparison compensation data is reviewed by the compensation committee, and executive compensation determinations are made by the committee based on performance and benchmark data that maintain executive compensation within fair market range for higher education. Compensation decisions are contemporaneously documented in the committee's meeting minutes. Form 990, Part VI, Section C, line 19 The College's financial statements, governing documents, and conflict of interest policy are available to the public upon request. Form 990, Part XI, line 9: Changes in INvestment - ASE -167,000. Changes in Annuity obligations -2,453,150. Change in Cash Surrender Value 64,747. changes to post-retirement benefits 1,032,469. GROSS UP TO CONTRIBUTIONS FOR CHANGES TO DISOUNTS AND ALLOWANCE -657,471. Change in Grantor Trust Gains 174,650. BAD DEBT SOURCED FROM UNCOLLECTIBLE PLEDGES -2,982,690. Millport Conservancy 737 E Millport Road Lititz PA 17543 222436077 Nature preservation PA 501(c)(3) PF N/A 1 NW gateway project po box 3003 lancaster PA 17604 611625128 land acquisition PA N/A excluded 420 31612373 0 1 0.50000 CHARITABLE REMAINDER UNITRUST (1) INVESTMENTS MT FRANKLIN AND MARSHALL COLLEGE T 0 CHARITABLE REMAINDER UNITRUST (1) INVESTMENTS DE FRANKLIN AND MARSHALL COLLEGE T 0 Fox Adele W (Charit) C/O Wilmington Trust Investment Gro Buffalo NY 14240 256859971 INVESTMENTS PA WILMINGTON TRUST COMPANY T 120217 1718942 0.76000 0 SPLIT INTEREST TRUST (1) INVESTMENTS VA FRANKLIN AND MARSHALL COLLEGE T 0 French Marion T C/O Fulton Financial Advisors One P Lancaster PA 19604 311604263 INVESTMENTS PA FULTON FINANCIAL ADVISORS T 16467 334316 1.00000 0 CHARITABLE REMAINDER UNITRUST (1) INVESTMENTS FL PNC BANK T 0 SPLIT INTEREST TRUST (1) INVESTMENTS IL FRANKLIN AND MARSHALL COLLEGE T 0 SPLIT INTEREST TRUST (1) INVESTMENTS TX FRANKLIN AND MARSHALL COLLEGE T 0 SPLIT INTEREST TRUST (1) INVESTMENTS FL FRANKLIN AND MARSHALL COLLEGE T 0 CHARITABLE REMAINDER UNITRUST (1) INVESTMENTS PA MORGAN STANLEYSMITH BARNEY T 0 SPLIT INTEREST TRUST (1) INVESTMENTS MN FRANKLIN AND MARSHALL COLLEGE T 0 Plank Elsie C/O BNY Mellon Wealth Mgmt 1735 Mar Philadelphia PA 19103 236241620 INVESTMENTS PA BNY MELLON WEALTH MGT T 1830 109628 1.00000 0 SPLIT INTEREST TRUST (3) INVESTMENTS NJ FRANKLIN AND MARSHALL COLLEGE T 0 Walters Art PNC Wealth Mgmt 101 North Pointe Bl Lancaster PA 17601 566624021 INVESTMENTS PA PNC WEALTH MGT T 530215 5884593 1.00000 0 Advanced Studies in England LTD 2 Pierrepont Street Bath UK Study abroad UK N/A C 1581633 3450912 1.00000 0 SPLIT INTEREST TRUST (1) INVESTMENTS NC FRANKLIN AND MARSHALL COLLEGE T 0 SPLIT INTEREST TRUST (1) INVESTMENTS WA FRANKLIN AND MARSHALL COLLEGE T 0 SPLIT INTEREST TRUST (1) INVESTMENTS CA FRANKLIN AND MARSHALL COLLEGE T 0 SPLIT INTEREST TRUST (27) INVESTMENTS PA FRANKLIN AND MARSHALL COLLEGE T 0 0 1 0 0 0 0 0 0 0 0 0 1 0 1 1 0 0 1 0 millport conservancy B 84500 cash