2017-02-13T10:25:13-06:00 2016-06-30 390859910 BAKER TILLY VIRCHOW KRAUSE LLP 1650 MARKET STREET SUITE 4500 PHILADELPHIA PA 19103 990 2015-07-01 520591694 MCDANIEL COLLEGE INC MCDA 4108572218 2 COLLEGE HILL WESTMINSTER MD 211574303 ROGER N CASEY PRESIDENT 4108572218 2017-02-11 1 JULIUS C GREEN CPA P00350393 2159720701 2015 2021-01-29 14:40:06Z ROGER N CASEY 2 COLLEGE HILL WESTMINSTER MD 211574303 117337612 0 X WWW.MCDANIEL.EDU X 1867 MD STUDENTS ARE THE FOCUS AT MCDANIEL AND PROVIDING THE IDEAL LEARNING ENVIRONMENT IS OUR GOAL. 44 43 1786 39 828600 0 10241397 8959629 84445584 85074337 7655671 4403046 376307 466366 102718959 98903378 35054534 35330304 0 0 35556177 33770209 81650 0 2176852 29960288 30191829 100652649 99292342 2066310 -388964 207699623 201376145 63581633 64594861 144117990 136781284 X MCDANIEL COLLEGE IS A DIVERSE STUDENT-CENTERED COMMUNITY COMMITTED TO EXCELLENCE IN THE LIBERAL ARTS & SCIENCES AND PROFESSIONAL STUDIES. WITH CAREFUL MENTORING AND ATTENTION TO THE INDIVIDUAL, MCDANIEL CHANGES LIVES. WE CHALLENGE STUDENTS TO DEVELOP THEIR UNIQUE POTENTIAL WITH REASON, IMAGINATION, AND HUMAN CONCERN. THROUGH FLEXIBLE ACADEMIC PROGRAMS, COLLABORATIVE AND EXPERIENTIAL LEARNING, AND GLOBAL ENGAGEMENT, MCDANIEL PREPARES STUDENTS FOR SUCCESSFUL LIVES OF LEADERSHIP, SERVICE, AND SOCIAL RESPONSIBILITY. 0 0 72576625 28699086 62756293 UNDERGRADUATE PROGRAM OF STUDY: 1,542 FULL TIME STUDENT EQUIVALENCY. MCDANIEL COLLEGE HAS A LONG HISTORY AS A SMALL PRIVATE COLLEGE OF THE LIBERAL ARTS. MCDANIEL OFFERS COURSES OF STUDY IN MORE THAN 60 AREAS, INCLUDING PRE-PROFESSIONAL PROGRAMS, TEACHING CERTIFICATION, AND OFF-CAMPUS PROGRAMS. STUDENTS MAY PURSUE TRADITIONAL, DUAL, OR DOUBLE MAJORS, OR DESIGN THEIR OWN COURSE OF STUDY. THE AVERAGE CLASS SIZE IS 15.8 STUDENTS; THE STUDENT-FACULTY RATIO IS 11:1. MCDANIEL HAS 110 FULL-TIME FACULTY; 97 PERCENT HOLD TERMINAL DEGREES IN THEIR DISCIPLINES. ALL COURSES AND LABORATORIES ARE TAUGHT BY REGULAR FACULTY MEMBERS, NOT TEACHING ASSISTANTS. THE COLLEGE OFFERS COUNTLESS OPPORTUNITIES FOR OFF-CAMPUS STUDY BOTH WITHIN THE UNITED STATES AND OVERSEAS. AMONG THEM: STUDY IN BUDAPEST, HUNGARY THROUGH AN AGREEMENT WITH COLLEGE INTERNATIONAL WHICH FOLLOWS MCDANIEL'S CURRICULUM. MCDANIEL IS ACCREDITED BY THE COMMISSION ON HIGHER EDUCATION OF THE MIDDLE STATES ASSOCIATION OF COLLEGES AND SCHOOLS. 16368068 6501559 14811977 AUXILARY SERVICES: DINING HALL SERVICES FOR 1,195 STUDENTS AND RESIDENCE HALL SERVICES FOR 1,285 STUDENTS. RESIDENCE HALL - AT MCDANIEL FIRST, SECOND AND THIRD YEAR STUDENTS ALL LIVE ON CAMPUS. IN FACT, ALL STUDENTS ARE GUARANTEED HOUSING FOR ALL FOUR YEARS. EXCEPTIONS TO THE RESIDENCY REQUIREMENTS ARE MADE FOR THOSE WHO LIVE NEARBY WITH THEIR PARENTS, ARE MARRIED, OR ARE OVER AGE 24 OR PART TIME. YOU'LL FIND A RANGE OF OPTIONS, INCLUDING CLASSIC DORM STYLE ARRANGEMENTS AND APARTMENT SUITES, STAFFED BY FRIENDLY AND CAPABLE RESIDENT ASSISTANTS, WHO ARE SUPERVISED BY PROFESSIONAL STAFF. ALL RESIDENCES ARE WIRED FOR CABLE, TELEPHONE AND THE INTERNET. DINING HALL - AT MCDANIEL, STUDENTS HAVE A WIDE RANGE OF DINING CHOICES, CHOSEN FROM A VARIETY OF MEAL PLANS DESIGNED FOR DORM, APARTMENT, OR COMMUTER STUDENT LIVING. ALL DINING LOCATIONS ARE WITHIN WALKING DISTANCE AND OFFER EXTENSIVE HOURS. 4393494 129659 7506067 GRADUATE PROGRAM OF STUDY - FULL TIME STUDENT EQUIVALENCY 611.THE MISSION OF GRADUATE AND PROFESSIONAL STUDIES IS TO PREPARECULTURALLY COMPETENT PROFESSIONALS COMMITTED TO LEADERSHIP IN THEIR FIELD. STUDENTS ARE PLACED IN THE CENTER OF A COMMUNITY RICH IN THE LIBERAL ARTS TRADITION. AN EMPHASIS ON THE FOUNDATION OF KNOWLEDGE AND CRITICAL DECISION MAKING BASED ON CURRENT RESEARCH, THEORY AND PRACTICE ARE CENTRAL TO THE VARIOUS PROGRAMS. TWO GRADUATE DEGREES ARE GRANTED BY MCDANIEL COLLEGE: THE MASTER OF LIBERAL ARTS, AND THE MASTER OF SCIENCE. MCDANIEL COLLEGE IS ACCREDITED BY THE COMMISSION ON HIGHER EDUCATION OF THE MIDDLE STATES ASSOCIATION OF COLLEGES AND SCHOOLS. THE SCHOOL IS ALSO ACCREDITED BY THE AMERICAN CHEMICAL SOCIETY, COUNCIL ON SOCIAL WORK EDUCATION, NATIONAL COUNCIL FOR ACCREDITATION OF TEACHER EDUCATION AND THE MARYLAND STATE DEPARTMENT OF EDUCATION. MCDANIEL COLLEGE GRADUATE AND PROFESSIONAL STUDIES DOES MORE THAN PREPARE TEACHERS, ADMINISTRATORS, COUNSELORS, AND A HOST OF EDUCATIONAL SPECIALISTS. AT MCDANIEL, YOU WILL FIND PROFESSIONAL PROGRAMS IN EXERCISE SCIENCE, GERONTOLOGY, AND HUMAN RESOURCE MANAGEMENT. 93338187 1 1 0 1 0 0 0 0 0 1 1 1 0 0 1 1 0 1 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 1 1 1 1 0 0 1 X 206 0 1 1786 1 1 1 0 0 0 0 1 0 0 0 0 0 X 44 43 0 0 1 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MD X ARTHUR S WISNER DIR FINANCIAL SVCTREAS 4108572218 2 COLLEGE HILL WESTMINSTER MD 211574303 LESLIE WILEY TRUSTEE (TERM EXP. 9/15) 1.00 X 0 0 0 MARTIN KP HILL CHAIR 1.00 X X 0 0 0 MARY LYNN DURHAM VICE CHAIR 1.00 X X 0 0 0 ALBERT J MEZZANOTTE JR TRUSTEE 1.00 X 0 0 0 ALEXANDER KOUNDOURAKIS TRUSTEE 1.00 X 0 0 0 BARBARA A THOMAS TRUSTEE 1.00 X 0 0 0 BARBARA SHELTON TRUSTEE 1.00 X 0 0 0 BRUCE H PRESTON TRUSTEE 1.00 X 0 0 0 CAROLYN L SCOTT TRUSTEE 1.00 X 0 0 0 CAROLYN P LANDIS TRUSTEE 1.00 X 0 0 0 CARROLL L YINGLING TRUSTEE 1.00 X 0 0 0 CARYL ENSOR PETERSON TRUSTEE 1.00 X 0 0 0 CHARLES BOCHLKE JR TRUSTEE 1.00 X 0 0 0 CHARLES E MOORE JR TRUSTEE 1.00 X 0 0 0 CHITRACHEDU NAGANNA TRUSTEE 1.00 X 0 0 0 CHRISTOPHER C NEWMAN TRUSTEE 1.00 X 0 0 0 CONSTANCE M UNSELD TRUSTEE 1.00 X 0 0 0 DOLORES J SNYDER TRUSTEE 1.00 X 0 0 0 DONALD M REMBERT TRUSTEE 1.00 X 0 0 0 ERIC DEZENHALL TRUSTEE 1.00 X 0 0 0 GEORGE R BENSON JR TRUSTEE 1.00 X 0 0 0 J ELIZABETH GARRAWAY TRUSTEE 1.00 X 0 0 0 JAMES E LIGHTNER TRUSTEE 1.00 X 0 0 0 JAMES FRANCIS TRUSTEE 1.00 X 0 0 0 JAMES H YATES TRUSTEE 1.00 X 0 0 0 JOE MENENDEZ TRUSTEE 1.00 X 0 0 0 JOSEPH J ENSOR TRUSTEE 1.00 X 0 0 0 JOYCE PAYNE YETTE TRUSTEE 1.00 X 0 0 0 JULIE LUCAS TRUSTEE 1.00 X 0 0 0 JULIE MERCER TRUSTEE 1.00 X 0 0 0 KENNETH R GILL TRUSTEE 1.00 X 0 0 0 KEVIN F HANLEY TRUSTEE 1.00 X 0 0 0 KIMBERLY SMITH CHARETTE TRUSTEE 1.00 X 0 0 0 MARJORIE R KIMBLE TRUSTEE 1.00 X 0 0 0 OTTO J GUENTHER TRUSTEE 1.00 X 0 0 0 PHILIP G ENSTICE TRUSTEE 1.00 X 0 0 0 R CHRISTINE ROYER TRUSTEE 1.00 X 0 0 0 RALPH O FRITH TRUSTEE 1.00 X 0 0 0 RICHARD W PALMER TRUSTEE 1.00 X 0 0 0 ROBERT E WARFIELD TRUSTEE 1.00 X 0 0 0 ROBERT SALOMON III TRUSTEE 1.00 X 0 0 0 SHARON F MANNING TRUSTEE 1.00 X 0 0 0 STEVEN D KESLER TRUSTEE 1.00 X 0 0 0 VICTOR MCTEER TRUSTEE 1.00 X 0 0 0 WILLIAM J WESTERVELT JR TRUSTEE 1.00 X 0 0 0 ARTHUR S WISNER TREASURER/DIRECTOR FINANCIAL SVCS 40.00 X 109736 0 26450 GEOFFREY M PEARSON SECRETARY 40.00 X 63351 0 19245 KATHERINE HOLLABAUGH ASSISTANT SECRETARY (BEG. AUG. 2015) 40.00 X 28646 0 4355 KIMBERLY A SEELEY ASSISTANT TREASURER 40.00 X 91082 0 25984 ROGER N CASEY PRESIDENT 40.00 X 408269 0 58920 W THOMAS PHIZACKLEA VP ADMIN & FINANCE 40.00 X 222953 0 48675 BETH GERL VP STUDENT AFFAIRS 40.00 X 163644 0 45616 FLORENCE HINES VP ENROLLMENT MGMT 40.00 X 194436 0 46765 JEANINE STEWART PROVOST (UNTIL 6/30/15) 40.00 X 202138 0 31185 LORI LEWIS VP INSTITUTIONAL ADVANCEMENT 40.00 X 233925 0 43219 LAWRENCE JUNKIN SPECIAL PHILANTHROPY 40.00 X 138943 0 25143 ROBERT CONRAD DIRECTOR OF MAJOR & PLAN GIFTS 40.00 X 129548 0 38265 THOMAS J ZIRPOLI CEO TARGET SERVICES 40.00 X 233925 0 25692 KATHLEEN HIDER DIRECTOR OF MAJOR GIFTS 40.00 X 133088 0 23015 GINA PIELLUSCH AVP OF COMMUICATIONS & MARKETING 40.00 X 128180 0 28563 2481864 0 491092 19 0 1 0 ARAMARK 37310 NETWORK PLACE CHICAGO IL 60673 PHYSICAL PLANT MTG. 3557898 NCI 9881 BROKEN LAND PKWY STE 402 COLUMBIA MD 21046 INFORMATION TECH. 638463 WHITEFORD TAYLOR & PRESTON 7 ST PAUL STREET SUITE 1400 BALTIMORE MD 21202 LEGAL SVCS. 361520 MARSHALL CRAFT ASSOCIATES 6112 YORK ROAD BALTIMORE MD 21212 ARCHITECTURAL SVCS. 322685 RUFFALLO NEOL LEVITZ LLC PO BOX 718 DES MOINES IA 50303 SEARCH SOFTWARE SVCS. 207571 9 2671748 6287881 574890 8959629 TUITION & FEES - UNDERGRADUATE 611600 62756293 62756293 SALES/SERVICES OF AUXILIARY ENTER 721310 14811977 14074943 737034 TUITION & FEES - GRADUATE 611600 7506067 7506067 85074337 1956698 -17 1956715 28685 28685 138164 76360 61804 61804 61804 20761099 18343436 2417663 2417663 2417663 47266 14438 32828 32828 PARKING FINES/FEES 900099 163970 163970 GOLF COURSE 713910 83283 83283 THEATER 711110 6748 6748 117733 8300 109433 371734 98903378 84337303 828600 4777846 35209840 35209840 120464 120464 2003156 765083 1081500 156573 23803796 22368007 355773 1080016 1653249 1537750 33001 82498 4603444 4128202 230969 244273 1706564 1557755 59233 89576 280062 280062 337777 337777 96886 96886 15723 15723 953359 953359 6413719 6192671 92135 128913 1210814 1127691 83123 3526362 3412280 30852 83230 1099887 1064405 2957 32525 2587810 2587810 535888 465330 13199 57359 382754 234421 45530 102803 1687061 1687061 6748322 6748322 588889 588889 SPONSORED PROGRAM 1414002 1414002 REPAIRS/MAINTENANCE 600360 592087 8219 54 INTERCOLLEGIATE ATHL. 481152 481152 STUDENT SERVICES 404559 368959 8774 26826 826443 405944 411416 9083 99292342 93338187 3777303 2176852 13659 88396 11318124 12969679 1649502 1043736 1415158 1530217 2169277 2101306 497022 413499 380045 467863 162060099 95952840 67610974 66107259 96219224 89544523 20376578 21098461 6050060 6011206 207699623 201376145 7240331 7274764 2098995 1763786 45441305 46904000 1100000 1000000 7701002 7652311 63581633 64594861 X 50084614 45544565 36465560 30991103 57567816 60245616 144117990 136781284 207699623 201376145 X -388964 -7100405 152663 X 0 1 X 1 1 1 X 6995902 10077328 10131566 10241397 8959629 46405822 6995902 10077328 10131566 10241397 8959629 46405822 5998083 40407739 1134154 681655 569955 1964581 1985383 6335728 385199 524664 338475 332188 327417 1907943 54649493 393683347 0.73940 0.76100 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: PARKING FINES/FEES - 2011 AMOUNT: $ 162,150. 2012 AMOUNT: $ 119,185. 2013 AMOUNT: $ 129,215. 2014 AMOUNT: $ 138,480. 2015 AMOUNT: $ 163,970. MISC INCOME - 2011 AMOUNT: $ 184,644. 2012 AMOUNT: $ 363,006. 2013 AMOUNT: $ 172,862. 2014 AMOUNT: $ 153,158. 2015 AMOUNT: $ 109,433. THEATER - 2011 AMOUNT: $ 6,660. 2012 AMOUNT: $ 2,430. 2013 AMOUNT: $ 8,372. 2015 AMOUNT: $ 6,748. NON-CHARITABLE FUNDRAISING RECEIPTS - 2011 AMOUNT: $ 31,745. 2012 AMOUNT: $ 40,043. 2013 AMOUNT: $ 28,026. 2014 AMOUNT: $ 40,550. 2015 AMOUNT: $ 47,266. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 0 1 15723 15723 0 PART II-B, LINE 1: THE ORGANIZATION PAID MEMBERSHIP DUES OF $82,750 TO THE MARYLAND INDEPENDENT COLLEGES AND UNIVERSITIES ASSOCATION (MICUA), WHICH ENGAGES IN LOBBYING ACTIVITIES. MICUA SET ASIDE 19% OF THE DUES PAID TO ENGAGE IN NONDEDUCTIBLE LOBBYING AND POLITICAL EXPENDITURES. ACCORDINGLY, THE COLLEGE HAS REPORTED AN AMOUNT EQUAL TO 19% OF MEMBERSHIP DUES PAID ON LINE 11. 114320517 3003528 -3958655 4725735 108639655 112725668 2380530 3507748 4293429 114320517 98944177 2590179 15063650 3872338 112725668 87545240 3559572 11642502 3803137 98944177 88291875 2041077 622832 3410544 87545240 0.26120 0.52610 0.21270 0 0 2660017 2660017 135145196 79525328 55619868 8293211 5516581 2776630 13136171 9450541 3685630 2825504 1460390 1365114 66107259 INVESTMENT IN VENTURE LEADING & LEASING III 50661 F INVESTMENT IN VENTURE LEADING & LEASING IV 163700 F COMMON FUND 901707 F CASH SURRENDER VALUE - LIFE INSURANCE 127341 F FMNI INVESTMENT NOTE 26186 F GOVERNMENT SECURITIES 3621188 F MILLENIUM INTERNATIONAL FUND 7290730 F AG SUPER FUND 6021948 F DORSEY TRUST LLC'S 2295000 F EMERALD CREEK 600000 F 21098461 REFUNDABLE ADVANCE FROM THE U.S. GOVERNMENT 2138383 ACCUMULATED POST RETIREMENT BENEFIT OBLIGATION 5513928 7652311 X 55774895 -7100405 -788572 -7888977 63663872 35239506 35239506 98903378 63111601 102922 102922 63008679 36283663 36283663 99292342 PART V, LINE 4: THE ORGANIZATION'S ENDOWMENT FUNDS ARE INTENDED TO HELP PROVIDE AFFORDABLE EDUCATION TO STUDENTS BY PROVIDING FUNDS FOR FINANCIAL AID AND SUPPORT FOR THE OPERATIONS OF THE COLLEGE. PART X, LINE 2: THE COLLEGE ACCOUNTS FOR UNCERTAINTIES IN INCOME TAXES IN ACCORDANCE WITH AUTHORITATIVE GUIDANCE, WHICH PRESCRIBES A RECOGNITION THRESHOLD OF MORE-LIKELY-THAN-NOT TO BE SUSTAINED UPON EXAMINATION BY THE APPROPRIATE TAXING AUTHORITY. MEASUREMENT OF THE TAX UNCERTAINTY OCCURS IF THE RECOGNITION THRESHOLD HAS BEEN MET. MANAGEMENT DETERMINED THERE WERE NO TAX UNCERTAINTIES THAT MET THE RECOGNITION THRESHOLD AT JUNE 30, 2016 AND 2015. THE COLLEGE'S TAX RETURNS REMAIN SUBJECT TO EXAMINATION FOR THE YEARS SUBSEQUENT TO JUNE 30, 2012. THE COLLEGE'S POLICY IS TO RECOGNIZE INTEREST RELATED TO UNRECOGNIZED TAX BENEFITS IN INTEREST EXPENSE AND PENALTIES IN OPERATING EXPENSES. PART XI, LINE 2D - OTHER ADJUSTMENTS: ADJUSTMENT FOR ACTUARIAL LIABILITY FOR ANNUITIES PAYABLE 164,787. INVESTMENT EXPENSES -953,359. PART XI, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 35,330,304. SPECIAL EVENTS EXPENSES NETTED WITH REVENUES -14,438. RENTAL EXPENSES -76,360. PART XII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENTS EXPENSES NETTED WITH REVENUES 14,438. RENTAL EXPENSES 76,360. UNCOLLECTIBLE PLEDGES 12,124. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 35,330,304. INVESTMENT EXPENSES 953,359. 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 ADVERTISEMENTS COVER THE STATE OF MARYLAND, THE PRIMARY SEGMENT OF OUR GENERAL COMMUNITY. UNDER IRS PROCEDURES 75-50, EXCEPTION 4.03 - 2 (B), THE BALANCE OF OUR STUDENT BODY COMES FROM A LARGE GEOGRAPHICAL AREA. THEY ARE CONTACTED THROUGH VISITS TO HIGH SCHOOLS BY ADMISSIONS COUNSELORS WITH STUDENT PUBLICATIONS. ALL ADVERTISEMENTS, BROCHURES, AND OTHER PRINT MATERIALS STATE THE ORGANIZATION'S RACIAL NONDISCRIMINATORY POLICY. SCHEDULE E, PART I, LINE 6 MCDANIEL RECEIVES GRANTS AND SCHOLARSHIPS FOR FINANCIAL AID FROM THE FEDERAL GOVERNMENT AS WELL AS THE STATE OF MARYLAND. THE FUNDS THAT ARE RECEIVED ARE EARMARKED BY THE GOVERNMENT AGENCY FOR CERTAIN STUDENTS AND THE COLLEGE HAS NO DECISION MAKING POWER OVER THE FUNDS. 0 EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM 0 0 PROGRAM SERVICES PREPARATORY PROGRAM. PLEASE SEE PART V. CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, 0 0 PROGRAM SERVICES INTERNATIONAL STUDY ABROAD 29375 EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM 0 0 PROGRAM SERVICES INTERNATIONAL STUDY ABROAD 177151 NORTH AMERICA - CANADA AND MEXICO, BUT NOT THE UNITED STATES 0 0 PROGRAM SERVICES INTERNATIONAL STUDY ABROAD 7745 SOUTH AMERICA - ARGENTINA, BOLIVIA, BRAZIL, CHILE, COLUMBIA, ECUADOR, 0 0 PROGRAM SERVICES INTERNATIONAL STUDY ABROAD 42313 MIDDLE EAST AND NORTH AFRICA - ALGERIA, BAHRAIN, DJIBOUTI, EGYPT, 0 0 PROGRAM SERVICES INTERNATIONAL STUDY ABROAD 72600 EAST ASIA AND THE PACIFIC 0 0 PROGRAM SERVICES INTERNATIONAL STUDY ABROAD 14862 CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENT 7290730 0 0 0 0 0 0 7634776 0 7634776 CENTRAL AMERICA AND THE CARIBBEAN 3 6884 EAST ASIA AND THE PACIFIC 1 10195 EUROPE (INCLUDING ICELAND & GREENLAND) 12 34410 MIDDLE EAST AND NORTH AFRICA 5 29217 NORTH AMERICA 1 5373 SOUTH AMERICA 3 34385 0 0 0 0 0 0 PART I, LINE 3: MCDANIEL RECEIVED $183,360 IN REVENUE FROM THE PREPARATORY PROGRAM. COURSES WERE TAUGHT UNDER MCDANIEL CURRICULUM. GOLF TOURNAMENT 47266 47266 2655 3840 5755 2188 47266 47266 2655 3840 5755 2188 14438 32828 1 SCHOLARSHIPS/FELLOWSHIPS 1530 35209840 PART I, LINE 2: A LIST OF SCHOLARSHIP RECIPIENTS IS ON FILE AT THE INSTITUTION AND IS AVAILABLE ON REQUEST. ALL RECIPIENTS ARE SELECTED ON AN EQUAL, OBJECTIVELY DETERMINABLE BASIS ACCORDING TO THE REQUIREMENTS FOR EACH SCHOLARSHIP AND/OR AID FOR WHICH THE RECIPIENT IS APPLYING. THAT IS, ALL STUDENTS RECEIVING SCHOLARSHIPS AND FELLOWSHIPS ARE JUDGED WORTHY BY THE INSTITUTION'S ASSESSMENT ON THE BASIS OF ACADEMIC ACHIEVEMENT, FINANCIAL NEED, AND OTHER SIMILAR STANDARDS. ALL SCHOLARSHIPS AND FINANCIAL AID HAVE ACADEMIC REQUIREMENTS WHICH THE RECIPIENTS NEED TO MAINTAIN TO CONTINUE RECEIVING AID. STUDENTS DO NOT RECEIVE CASH GRANTS. RATHER, ALL FINANCIAL AID IS TREATED AS A REDUCTION TO TUITION. X 1 0 X X X 0 1 0 0 0 0 0 0 0 ROGER N CASEY PRESIDENT 390269 0 0 0 18000 0 26500 0 32420 0 467189 0 0 0 W THOMAS PHIZACKLEA VP ADMIN & FINANCE 222953 0 0 0 0 0 22300 0 26375 0 271628 0 0 0 BETH GERL VP STUDENT AFFAIRS 163644 0 0 0 0 0 16500 0 29116 0 209260 0 0 0 FLORENCE HINES VP ENROLLMENT MGMT 194436 0 0 0 0 0 20200 0 26565 0 241201 0 0 0 JEANINE STEWART PROVOST (UNTIL 6/30/15) 202138 0 0 0 0 0 20200 0 10985 0 233323 0 0 0 LORI LEWIS VP INSTITUTIONAL ADVANCEMENT 233925 0 0 0 0 0 23600 0 19619 0 277144 0 0 0 LAWRENCE JUNKIN SPECIAL PHILANTHROPY 138943 0 0 0 0 0 6582 0 18561 0 164086 0 0 0 ROBERT CONRAD DIRECTOR OF MAJOR & PLAN GIFTS 129548 0 0 0 0 0 13600 0 24665 0 167813 0 0 0 THOMAS J ZIRPOLI CEO TARGET SERVICES 233925 0 0 0 0 0 15415 0 10277 0 259617 0 0 0 KATHLEEN HIDER DIRECTOR OF MAJOR GIFTS 133088 0 0 0 0 0 13209 0 9806 0 156103 0 0 0 GINA PIELLUSCH AVP OF COMMUICATIONS & MARKETING 128180 0 0 0 0 0 0 0 28563 0 156743 0 0 0 PART I, LINE 1A THE COLLEGE'S PRESIDENT, ROGER CASEY, AND THE VP OF STUDENTS AFFAIRS, BETH GERL, ARE REQUIRED TO LIVE ON CAMPUS AS A CONDITION OF THEIR EMPLOYMENT. THE HOUSING IS PROVIDED FOR THE CONVENIENCE OF THE EMPLOYER AND THE LODGING IS FURNISHED ON THE COLLEGE'S CAMPUS. THE VALUE OF THESE HOUSING ALLOWANCES WAS $12,000. THESE AMOUNTS HAVE NOT BEEN INCLUDED IN THE EMPLOYEES' TAXABLE COMPENSATION. BOTH OF THE ABOVE-REFERENCED HOUSING ALLOWANCES ARE PART OF EACH EMPLOYEE'S EMPLOYMENT CONTRACT AND ARE THUS NOT SUBJECT TO SUBSTANTIATION REQUIREMENTS. PART I, LINE 4B THE PRESIDENT IS A PARTICIPANT IN A NON-QUALIFIED PLAN. THE ORGANIZATION CONTRIBUTED $18,000 TO THE PLAN DURING THE FISCAL YEAR. A CITY OF WESTMINSTER MD 526000811 960733BU6 2006-11-16 33760000 STUDENT RESIDENCE FAC. AND NEW FITNESS CENTER 0 0 0 B CITY OF WESTMINSTER MD 526000811 2015-11-02 3200000 FOR SUB-LEASE AND USE OF EQUIPMENT 0 0 0 A 4716157 34454110 248951 20741937 13463222 2007 0 1 1 1 B 194241 3201236 915289 2285947 915289 2017 0 0 0 1 A 0 0 1 1 0 0.02800 0.00000 0.02800 0 0 1 B 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 A 0 0 0 1 0 0 0 0 1 B 0 1 0 0 0 0 0 0 1 A 1 B 1 DATE REBATE COMPUTATION PERFORMED ISSUER NAME: CITY OF WESTMINSTER, MD DATE THE REBATE COMPUTATION WAS PERFORMED: 03/16/2016 SCHEDULE K, PART II, LINE 3 THE ISSUE AMOUNT OF $33,760,000 WAS INCREASED BY THE NET ORIGINAL ISSUE PREMIUM OF $860,547 AND DECREASED BY THE UNDERWRITER'S DISCOUNT OF $166,437. FORM 990, SCHEDULE K, PART II, LINE 3: (B) PART II, LINE 3 IS NOT THE SAME AS THE ISSUE PRICE LISTED IN PART I, ITEM E DUE TO INTEREST EARNED ON PROCEEDS. PART IV, LINE 2B/2C: THE BOND PROCEEDS WERE PROPERLY EXPENDED WITHIN THE APPROPRIATE TIME FRAME. THE BOND TRUSTEE INVESTS IN SLGS TO COMPLY WITH THE APPLICABLE YIELD LIMITATIONS. FORM 990, SCHEDULE K, PART IV, LINE 7: THE ORGANIZATION TAKES ITS RESPONSIBILITY TO COMPLY WITH POST BOND ISSUANCE REGULATIONS VERY SERIOUSLY AND PRUDENTLY MONITORS ALL ACTIVITIES RELATED TO DEBT-FINANCED PROPERTY TO ENSURE NO SAFE HARBOR REGULATIONS HAVE BEEN VIOLATED. THE ORGANIZATION IS IN THE PROCESS OF FINALIZING WRITTEN POLICIES FOR ITS POST BOND ISSUANCE PROCEDURES. OFFICER 3002 TUITION REMISSION ALBERT J MEZZANOTTE TRUSTEE 259419 ALBERT MEZZANOTTTE IS BOTH A TRUSTEE AND THE MANAGEMENT PARTNER OF THE LAW FIRM THE ORGANIZATION USES. ALL TRANSACTIONS, CONTRACTS, ETC. ARE CONDUCTED AT ARM'S LENGTH. 0 X 32 574890 NYSE 0 0 1 0 PART I, COLUMN (B): THE NUMBER LISTED IN COLUMN B FOR LINE 9 REPRESENTS THE NUMBER OF CONTRIBUTORS. FORM 990, PART V, LINE 7B: IT IS THE OPINION OF THE DEVELOPMENT OFFICE, WHICH IS RESPONSIBLE FOR THE ORGANIZATION AND EXECUTION OF THE ANNUAL GOLF TOURNAMENT, THAT THE TICKETS PURCHASED DO NOT INCLUDE A CHARITABLE COMPONENT. FORM 990, PART VI, SECTION A, LINE 4 ARTICLE III, SECTION 8 WAS ADDED TO THE BYLAWS WHICH OUTLINES INFORMAL ACTIONS BY TRUSTEES. "ANY ACTION REQUIRED OR PERMITTED TO BE TAKEN AT A MEETING OF THE BOARD OF TRUSTEES OR A COMMITTEE OF THE BOARD, INCLUDING THE EXECUTIVE COMMITTEE, MAY BE TAKEN WITHOUT A MEETING IF A UNANIMOUS CONSENT WHICH SETS FORTH THE ACTION IS: GIVEN IN WRITING OR BY ELECTRONIC TRANSMISSION BY EACH MEMBER OF THE BOARD OR COMMITTEE ENTITLED TO VOTE ON THE MATTER; AND FILED IN PAPER OR ELECTRONIC FORM WITH THE MINUTES OF PROCEEDINGS OF THE BOARD OR COMMITTEE." FORM 990, PART VI, SECTION B, LINE 11 THE FORM 990 IS FIRST REVIEWED BY THE CFO AND PRESIDENT. ONCE THEY HAVE APPROVED THE FORM 990, IT IS POSTED TO THE BOARD OF DIRECTORS' PORTAL FOR REVIEW. THE FORM 990 IS PART OF THE FEBRUARY 10, 2017 BOARD MEETING AGENDA. THE FORM 990 IS ACCEPTED AT THIS MEETING PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C MCDANIEL COLLEGE HAS ALL TRUSTEES, KEY EMPLOYEES, AND OFFICERS COMPLETE AN ANNUAL DISCLOSURE STATEMENT FOR CONFLICTS OF INTEREST. TAXPAYER HAS 100% PARTICIPATION WITH THE COMPLETION OF THE STATEMENT. A LIST IS COMPILED, REVIEWED AND ON FILE WITH THE FINANCE AND PRESIDENT'S OFFICE. CONTRACTS AND VENDORS ARE PERIODICALLY REVIEWED AND BIDS ARE OBTAINED AND REVIEWED WITH CONFLICT OF INTEREST AWARENESS. ANY BOARD MEMBER WHO HAS A POSSIBLE CONFLICT OF INTEREST DOES NOT VOTE ON ANY MATTER RELATED TO THE POSSIBLE CONFLICT. THE MINUTES WILL REFLECT THAT A DISCLOSURE WAS MADE, THAT THE MEMBER WITH THE POSSIBLE CONFLICT ABSTAINED FROM VOTING, AND THAT THE MEMBER HAS NOT BEEN INCLUDED IN THE QUORUM. FAMILY AND BUSINESS RELATIONSHIPS ARE EXPRESSLY MENTIONED AS SOURCES OF POTENTIAL CONFLICTS IN THE CONFLICT OF INTEREST POLICY. FORM 990, PART VI, SECTION B, LINE 15 THE PRESIDENT (CEO) AND PRESIDENT'S COUNCIL (VPS/PROVOST) COMPENSATION PACKAGES ARE REVIEWED ANNUALLY BY AN EXECUTIVE COMPENSATION COMMITTEE OF THE BOARD. A COMPARISON OF COMPENSATION IS MADE TO THE COLLEGE AND UNIVERSITY PERSONNEL ASSOCIATION'S (CUPA) ADMINISTRATIVE COMPENSATION SURVEY TO ENSURE THE PRESIDENT'S COMPENSATION PACKAGE IS WITHIN FAIR MARKET VALUE FOR THE INDUSTRY. PERFORMANCE EVALUATIONS ARE ALSO REVIEWED. A RECOMMENDATION IS MADE TO THE EXECUTIVE COMMITTEE OF THE BOARD FOR APPROVAL OF COMPENSATION PACKAGES. OTHER OFFICERS AND KEY EMPLOYEES ARE REVIEWED BY THE PRESIDENT'S COUNCIL AND COMPARISONS ARE MADE TO OTHER COLLEGES' COMPARABLE POSITIONS USING CUPA'S ANNUAL SURVEY DATA AND LOCAL MARKETS ARE SURVEYED PERIODICALLY. BOARD LEVEL DISCUSSIONS ON EXECUTIVE COMPENSATION ARE RECORDED IN BOARD MINUTES. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE AVAILABLE BY REQUEST AT THE FOLLOWING OFFICES: FINANCIAL SERVICES, PRESIDENT'S, OR DEVELOPMENT. CONFLICT OF INTEREST STATEMENTS ARE AVAILABLE AT THE FINANCIAL SERVICES OFFICE BY REQUEST. FORM 990 IS AVAILABLE BY REQUEST TO THE FINANCIAL SERVICES OFFICE OR CAN BE OBTAINED ONLINE AT GUIDESTAR.ORG. FORM 990, PART XI, LINE 9: ADJUSTMENT OF ACTUARIAL LIABILITY ANNUITIES PAYABLE 164,787. 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