2016-05-02T10:04:15-05:00 2015-06-30 251408703 SCHNEIDER DOWNS & CO INC ONE PPG PLACE SUITE 1700 PITTSBURGH PA 15222 990 2014-07-01 250965601 WASHINGTON & JEFFERSON COLLEGE WASH 7242236009 60 S LINCOLN STREET WASHINGTON PA 15301 DR TORI HARING-SMITH PRESIDENT 7242236009 2016-02-29 1 SUSAN M KIRSCH P00341397 4122613644 2014 2016-08-17 19:52:53Z DR TORI HARING-SMITH 60 S LINCOLN STREET WASHINGTON PA 15301 151852104 0 X WWW.WASHJEFF.EDU X 1781 PA PROMOTE EDUCATION, THE DEVELOPMENT OF SKILLS, KNOWLEDGE, AND PERSONAL QUALITIES. 37 35 1201 476 12210 -18438 10740059 12314057 67438300 71632718 10648070 9581216 175307 200383 89001736 93728374 24378764 26757385 0 0 24339818 24331042 24000 20000 1988060 27918988 28437113 76661570 79545540 12340166 14182834 314713979 321713847 73057252 72544056 241656727 249169791 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 71426507 26757385 71602972 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: 1346 FULL-TIME EQUIVALENT STUDENTS AND 296 GRADUATES. 71426507 1 1 0 1 0 0 0 1 0 1 1 1 0 0 1 1 1 0 1 0 1 0 1 1 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 1 0 0 0 1 2003 0 1 1201 1 1 1 0 0 0 0 1 1 0 0 0 0 X 37 35 0 0 1 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 RICHARD F BEATTY TRUSTEE 1.00 X 0 0 0 ROBERT M BEAVERS TRUSTEE 1.00 X 0 0 0 SUSAN COHEN 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 JONATHAN M CONRAD TRUSTEE 1.00 X 0 0 0 WALTER FLAMENBAUM TRUSTEE (EXITED 3/31/15) 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 BETSEY HURWITZ-SCHWAB 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 LARRY A MAKEL TRUSTEE (ENTERED 10/2014) 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 ALBERT G NICKEL 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 FRANCES SMITH ROHRICH TRUSTEE 1.00 X 0 0 0 LOUISE K ROSS TRUSTEE 1.00 X 0 0 0 STEPHEN M ROSS 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 LEANNE TRACHOK TRUSTEE 1.00 X 0 0 0 ROBERT G WALKER TRUSTEE (ENTERED 10/2014) 1.00 X 0 0 0 JIMIL B WILSON TRUSTEE (ENTERED 10/2014) 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 DAVID ROSS VICE CHAIR 2.50 X X 0 0 0 CRAIG A VARGA ESQ SECRETARY 2.50 X X 0 0 0 CHARLES F MARCY TREASURER 2.50 X X 0 0 0 DR TORI HARING-SMITH PRESIDENT 55.00 X X 477429 0 144064 DENNIS MCMASTER VP FOR BUSINESS & FINANCE 50.00 X 170497 0 31647 MICHAEL GRZESIAK VP FOR DEVELOPMENT 50.00 X 159546 0 23748 JOHN ZIMMERMAN VICE PRESIDENT AA 40.00 X 140239 0 25017 CHARLIE HANNON PROFESSOR 40.00 X 122836 0 26194 EVA CHATTERJEE-SUTTON VICE PRESIDENT SA 40.00 X 111888 0 32770 THOMAS SZEJKO ASSOCIATE VP BUSINESS 40.00 X 107711 0 24593 PAT BRLETIC PROFESSOR 40.00 X 109713 0 13122 1399859 0 321155 16 0 1 0 PARKHURST DINING SERVICE PO BOX 644091 PITTSBURGH PA 152644090 FOOD SERVICE 3815799 GCA SERVICES GROUP PO BOX 643823 PITTSBURGH PA 152643823 FACILITY MANAGEMENT 3708705 ROYALL & COMPANY 1920 E PARNHAM ROAD RICHMOND VA 23228 STUDENT SEARCH SERVICES 790384 POWERS BROWN ARCHITECTURE OF VA 150 S WASH ST STE 301 FALLS CHURCH VA 22046 ARCHITECTURAL DESIGN 323071 GOAL STRUCTURED SOLUTIONS 401 W A STREET SAN DIEGO CA 92101 STUDENT LOAN COLLECTIONS 318127 20 6320 12307737 1119031 12314057 TUITION AND FEES 900099 55469244 55469244 STUDENT SERVICES 900099 15032781 15032781 AUXILIARY PROGRAM SERVICES 900099 1130693 1100036 30657 71632718 1459275 -18447 1477722 26167 42473 -16306 -16306 -16306 65663792 57541851 8121941 8121941 8121941 53422 6320 22511 30911 30911 702673 516895 185778 185778 93728374 71602061 12210 9800046 26227777 26227777 529608 529608 1160352 380048 398596 381708 16924114 13691018 2649749 583347 1197011 905551 212160 79300 3710792 2877818 646749 186225 1338773 1027674 224966 86133 43383 43383 91071 91071 20000 20000 435226 435226 7298352 6860854 244355 193143 428676 428676 630427 457678 53191 119558 374670 362741 10736 1193 3139562 3121029 18533 622339 431507 54905 135927 578539 281028 212798 84713 2779944 2654847 97298 27799 5477953 5231445 191728 54780 127676 88903 13572 25201 STUDENT ACADEMIC /PROGR 2623488 2620875 2613 ATHLETIC & GAME EXPENSE 1011908 1006970 4938 STUDENT RECRUITING COST 766407 766407 BAD DEBT EXPENSE 668336 668336 1339156 805717 524406 9033 79545540 71426507 6130973 1988060 8000 8000 45041322 52428799 4083153 3030203 1423835 1436429 1659544 1454298 207710 279825 1377933 1419679 219496582 84553496 135645081 134943086 68809098 73580240 56017132 53133288 441171 0 314713979 321713847 3629537 4371993 718831 868226 58735019 57412003 9973865 9891834 73057252 72544056 X 123598287 123652319 48901795 52054086 69156645 73463386 241656727 249169791 314713979 321713847 X 14182834 -6684046 14276 X X 0 1 X 1 1 1 X 18296493 17051314 12332761 10740059 12314057 70734684 18296493 17051314 12332761 10740059 12314057 70734684 17963875 52770809 1517335 1515661 760326 2459462 1485442 7738226 22084 22084 78494994 343811475 0.67230 0.69830 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 79545540 79545540 1000000 250000 0 0 1000000 1000000 1000000 1000000 4000000 6000000 250000 250000 250000 250000 1000000 1500000 X X 0 135711770 6054836 3081069 3062847 5049318 136735510 122227162 5159002 14982374 2726145 3930623 135711770 105285643 14385448 12247905 1963076 7728758 122227162 105449820 9658775 -2504073 2561974 4756905 105285643 83668287 12702816 13675739 1966253 2630769 105449820 0.18500 0.53240 0.28260 1 0 10686741 10686741 160981416 51586129 109395287 30764075 24443008 6321067 17064350 8524359 8539991 134943086 STOCKS 266703 F INVESTMENT IN LIMITED P-SHIP 5692675 F INT'L GROWTH EQUITY FUND 17265390 F INVEST. IN OTHER HEDGE FUNDS 19230491 F INVESTMENTS - REAL ESTATE 883743 C CASH SURRENDER VALUE OF LIFE INSURANCE POLICIES 439160 F SECURITIES HELD IN TRUST BY OTHERS 5873937 F COMMODITIES 75743 F ANNUITIES 3405446 F 53133288 ACCRUED RETIREE HEALTHCARE BENEFITS 2975049 FED.GOV ADVANCES FOR STUDENT LOANS 1838638 LIABILITIES UNDER LIFE INTEREST AGREEMENT 3647574 DEPOSITS HELD IN CUSTODY FOR OTHERS 1430573 9891834 X 61477512 -6684046 -25919196 -32603242 94080754 229499 -581879 -352380 93728374 53964448 581879 581879 53382569 229499 25933472 26162971 79545540 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 OF 1986 (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 EXPENSES, THEY ARE CONSIDERED UNRELATED BUSINESS INCOME AND SUBJECT TO TAXES. THE COLLEGE FOLLOWS THE PROVISIONS OF THE CODIFICATION 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, 2015 AND 2014 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 2012. PART XI, LINE 2D - OTHER ADJUSTMENTS: STUDENT FINANCIAL AID -25,933,472. CHANGES IN VALUE OF SPLIT-INTEREST AGREEMENTS 14,276. PART XI, LINE 4B - OTHER ADJUSTMENTS: COSTS OF GOODS SOLD -516,895. RENTAL EXPENSES -42,473. SPECIAL EVENT EXPENSES -22,511. PART XII, LINE 2D - OTHER ADJUSTMENTS: COSTS OF GOODS SOLD 516,895. RENTAL EXPENSES 42,473. SPECIAL EVENT EXPENSES 22,511. PART XII, LINE 4B - OTHER ADJUSTMENTS: STUDENT FINANCIAL AID 25,933,472. 1 1 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 108755 EUROPE (INCLUDING ICELAND AND GREENLAND) 0 0 PROGRAM SERVICES STUDY ABROAD 290867 MIDDLE EAST AND NORTH AFRICA 0 0 PROGRAM SERVICES STUDY ABROAD 7110 CENTRAL AMERICA AND THE CARIBBEAN 0 0 PROGRAM SERVICES STUDY ABROAD 10450 SOUTH AMERICA 0 0 PROGRAM SERVICES STUDY ABROAD 38076 EUROPE (INCLUDING ICELAND AND GREENLAND) 0 0 PROGRAM SERVICES INTERNATIONAL RECRUITING 35314 EAST ASIA AND THE PACIFIC 0 0 PROGRAM SERVICES INTERNATIONAL RECRUITING 14103 CENTRAL AMERICA AND THE CARIBBEAN 0 0 PROGRAM SERVICES INTERNATIONAL RECRUITING 5188 NORTH AMERICA 0 0 PROGRAM SERVICES INTERNATIONAL RECRUITING 4753 SOUTH AMERICA 0 0 PROGRAM SERVICES INTERNATIONAL RECRUITING 3942 MIDDLE EAST AND NORTH AFRICA - ALGERIA, BAHRAIN, DJIBOUTI, EGYPT, 0 0 PROGRAM SERVICES INTERNATIONAL RECRUITING 3673 CENTRAL AMERICA AND THE CARIBBEAN 0 0 GRANTS TO RECIPIENTS LOCATED IN REGION INTERNATIONAL STUDIES 14000 EAST ASIA AND THE PACIFIC 0 0 GRANTS TO RECIPIENTS LOCATED IN REGION INTERNATIONAL STUDIES 108402 EUROPE 0 0 GRANTS TO RECIPIENTS LOCATED IN REGION INTERNATIONAL STUDIES 325946 MIDDLE EAST AND NORTH AFRICA 0 0 GRANTS TO RECIPIENTS LOCATED IN REGION INTERNATIONAL STUDIES 34910 NORTH AMERICA 0 0 GRANTS TO RECIPIENTS LOCATED IN REGION INTERNATIONAL STUDIES 13950 RUSSIA AND NEIGHBORING STATES 0 0 GRANTS TO RECIPIENTS LOCATED IN REGION INTERNATIONAL STUDIES 1500 SOUTH AMERICA 0 0 GRANTS TO RECIPIENTS LOCATED IN REGION INTERNATIONAL STUDIES 19300 SOUTH ASIA 0 0 GRANTS TO RECIPIENTS LOCATED IN REGION INTERNATIONAL STUDIES 2500 SUB-SAHARAN AFRICA 0 0 GRANTS TO RECIPIENTS LOCATED IN REGION INTERNATIONAL STUDIES 9100 CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENTS 17964532 0 0 0 0 0 0 509863 18506508 19016371 STUDENT AID CENTRAL AMERICA AND THE CARIBBEAN 3 14000 CREDIT TO STUDENT'S ACCOUNTS FOR FINANCIAL AID 0 N/A N/A STUDENT AID EAST ASIA AND THE PACIFIC 16 108402 CREDIT TO STUDENT'S ACCOUNTS FOR FINANCIAL AID 0 N/A N/A STUDENT AID EUROPE (INCLUDING ICELAND & GREENLAND) 48 325946 CREDIT TO STUDENT'S ACCOUNTS FOR FINANCIAL AID 0 N/A N/A STUDENT AID MIDDLE EAST AND NORTH AFRICA 5 34910 CREDIT TO STUDENT'S ACCOUNTS FOR FINANCIAL AID 0 N/A N/A STUDENT AID NORTH AMERICA 2 13950 CREDIT TO STUDENT'S ACCOUNTS FOR FINANCIAL AID 0 N/A N/A STUDENT AID RUSSIA AND NEIGHBORING STATES 1 1500 CREDIT TO STUDENT'S ACCOUNTS FOR FINANCIAL AID 0 N/A N/A STUDENT AID SOUTH AMERICA 5 19300 CREDIT TO STUDENT'S ACCOUNTS FOR FINANCIAL AID 0 N/A N/A STUDENT AID SOUTH ASIA 2 2500 CREDIT TO STUDENT'S ACCOUNTS FOR FINANCIAL AID 0 N/A N/A STUDENT AID SUB-SAHARAN AFRICA 4 9100 CREDIT TO STUDENT'S ACCOUNTS FOR FINANCIAL AID 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. X X X X X X X 1 DEE JAY OSHRY 6629 AYLESBORO AVENUE PITTSBURGH PA 15217 CAMPAIGN COUNSEL 0 0 20000 -20000 20000 -20000 AL AK AR CA CO CT DE FL GA ID IL IN IA KS KY LA ME MD MA MN MS MO MT NE NH NJ NY NC ND OK OR PA RI SC SD TN TX UT VT VA WA WV WI WY PETE HENRY GOLF OUTING 35880 6320 29560 476 1798 7875 3472 912 B-BALL GOLF OUTING 17775 0 17775 600 519 2145 1714 419 1 6087 0 6087 450 258 1270 476 127 59742 6320 53422 1526 2575 11290 5662 1458 22511 30911 PART I, FUNDRAISING ACTIVITIES, LINE 2B(IV), GROSS RECEIPTS: THE COLLEGE DOES NOT TRACK RECEIPTS IN THE MANNER IN WHICH THE GROSS RECEIPTS DIRECTLY RELATED TO THE SERVICES PROVIDED CAN BE IDENTIFIED. 1 SCHOLARSHIPS AND STUDENT AID 1292 25519537 N/A N/A STUDENT ASSISTANCE FOR ACADEMIC SUPPORT 23 531686 N/A N/A STUDENT ASSISTANCE, STUDENT AWARDS 90 176554 N/A N/A PART I, LINE 2: INDIVIDUALS: 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 308781 0 122961 0 45687 0 109138 0 34926 0 621493 0 126650 0 DENNIS MCMASTER VP FOR BUSINESS & FINANCE 163692 0 0 0 6805 0 13513 0 18134 0 202144 0 0 0 MICHAEL GRZESIAK VP FOR DEVELOPMENT 157153 0 0 0 2393 0 12511 0 11237 0 183294 0 0 0 JOHN ZIMMERMAN VICE PRESIDENT AA 139336 0 0 0 903 0 11280 0 13737 0 165256 0 0 0 PART I, LINE 7 IN 2014, PRESIDENT TORI HARING-SMITH RECEIVED A BONUS PAYMENT OF $122,961. A WASHINGTON COUNTY INDUSTRIAL DEVELOPMENT AUTHORITY 251437320 93859RAT4 2010-03-22 62084003 REFUNDING, CAPITAL PROJECTS 0 0 0 A 62084003 569653 924055 60607135 2010 1 0 1 1 A 0 0 0 0 0 0 0 A 0 0 0 0 1 0 0 0 1 A 0 MARTHINSEN & SALVITTI INSURANCE GROUP TRUSTEE OWNER 406633 CURRENT TRUSTEE HAS OWNERSHIP INTEREST IN INSURANCE PROVIDER. 0 X 26 1117029 FMV X 1 1 FMV X SCRIPTS FOR TV SHOWS 1 2000 FMV X CLASSICAL MUSIC CD'S 1 1 FMV 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, 2015. 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 A, LINE 4 ON MAY 15, 2015, THE FOLLOWING CHANGES WERE MADE TO THE BYLAWS WITH FULL BOARD APPROVAL: -EMERITI AND HONORARY TRUSTEES - NO INDIVIDUAL MAY BE ELECTED OR SERVE AS A TRUSTEE AFTER ATTAINING 75 YEARS OF AGE. EACH TRUSTEE TERM SHALL EXPIRE ON JUNE 30TH OF ITS FINAL YEAR OR, IF IT OCCURS SOONER, ON JUNE 30TH FOLLOWING THE TRUSTEES 75TH BIRTHDAY. ANY INDIVIDUAL ELECTED TO SERVE AS AN EMERITUS/EMERITA TRUSTEE AFTER JULY 1, 2014, AND WHO HAS NOT ATTAINED THE AGE OF 75, IS ELIGIBLE FOR RE-ELECTION AS A VOTING TRUSTEE OF THE BOARD, SUBJECT TO ANY OTHER LIMITATIONS SET FORTH IN THE BYLAWS. FORM 990, PART VI, SECTION B, LINE 11 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 -CEO: THE EMPLOYMENT CONTRACT UNDER WHICH THE PRESIDENT CURRENTLY SERVES, INCLUDED A SALARY/BENEFITS REVIEW PERFORMED BY AN UNRELATED THIRD PARTY, SOLENTURE, 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, WITT KIEFFER, 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 14,276. 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, WALTER FLAMENBAUM (ENTERED 4/1/2015), JOHN E. FRAZIER II, RICHARD Y. HADDAD, DR. JOSEPH A. HARDY, SR., JAMES H. KNEPSHIELD, M.D., WILLIAM N. MACARTNEY III, JOHN L.S. NORTHROP, H. THOMAS PATTON (DECEASED 09/05/2014), 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. 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