2015-05-12T13:16:31-05:00 2014-06-30 251408703 SCHNEIDER DOWNS & CO INC ONE PPG PLACE SUITE 1700 PITTSBURGH PA 15222 990 2013-07-01 250965212 ALLEGHENY COLLEGE ALLE 8143324789 520 NORTH MAIN STREET MEADVILLE PA 16335 JAMES H MULLEN JR PRESIDENT 8143324789 2015-05-07 1 SUSAN M KIRSCH P00341397 4122613644 2013 2016-02-25 16:41:14Z JAMES H MULLEN JR 520 NORTH MAIN STREET MEADVILLE PA 16335 145761941 0 X WWW.ALLEGHENY.EDU X 1817 PA FOUR YEAR INSTITUTION OF HIGHER EDUCATION. 41 35 2407 0 30743 0 14612288 8411682 97008547 102541954 20785496 8716037 2065872 181431 134472203 119851104 39332885 41783109 0 0 39748349 41406699 0 0 4234715 36018142 36809214 115099376 119999022 19372827 -147918 339262345 361202595 75365201 75216174 263897144 285986421 X ALLEGHENY'S UNDERGRADUATE RESIDENTIAL EDUCATION PREPARES YOUNG ADULTS FOR SUCCESSFUL, MEANINGFUL LIVES BY PROMOTING STUDENTS' INTELLECTUAL, MORAL AND SOCIAL DEVELOPMENT, AND ENCOURAGING PERSONAL AND CIVIC RESPONSIBILITY. ALLEGHENY'S FACULTY AND STAFF COMBINE HIGH ACADEMIC STANDARDS AND A COMMITMENT TO THE EXCHANGE OF KNOWLEDGE WITH A SUPPORTIVE APPROACH TO LEARNING. GRADUATES ARE EQUIPPED TO THINK CRITICALLY AND CREATIVELY, WRITE CLEARLY, SPEAK PERSUASIVELY, AND MEET CHALLENGES IN A DIVERSE INTERCONNECTED WORLD. 0 0 100391621 41783109 82164260 INSTRUCTION AND SCHOLARSHIP: PROVIDED LIBERAL ARTS, PRIVATE FOUR YEAR HIGHER EDUCATION TO STUDENTS AND SUPPORTED THAT EFFORT WITH LIBRARY AND MEDIA RESOURCES AND REMEDIAL AND SPECIAL INTEREST CLASSES.FROM GIFTS, GRANTS, ENDOWMENT INCOME, AND COLLEGE RESOURCES ASSISTED STUDENTS TO ATTAIN THEIR DEGREE BY HELPING TO FINANCE THE COST. 7172749 20377694 AUXILIARY ENTERPRISES: PROVIDED HOUSING AND DINING SERVICES AND FACILITIES TO STUDENTS AS A RESIDENTIAL INSTITUTION.STUDENT SERVICES: PROVIDING ADDITIONAL STUDENT SERVICES SUCH AS COUNSELING, CAREER SERVICES, INTRAMURAL AND INTERCOLLEGIATE ATHLETICS, STUDENT GOVERNMENT ACTIVITIES, HEALTH SERVICES, SOCIAL ACTIVITIES AND ORGANIZATIONS. 0 107564370 1 1 0 0 0 0 0 1 0 1 1 1 0 0 1 1 1 0 1 0 1 0 1 0 1 0 0 1 1 1 1 0 0 0 0 0 0 1 1 1 1 1 1 0 0 0 1 0 0 0 1 3190 0 1 2407 1 1 1 0 0 0 0 1 1 1 1 0 0 0 X 41 35 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 PA X LINDA WETSELL CFO & TREASURER 8143324790 520 NORTH MAIN STREET MEADVILLE PA 16335 EARL W ADAMS TRUSTEE 2.00 X 0 0 0 CHRISTIAN L ALLISON TRUSTEE 2.00 X 9644 0 0 BISHOP THOMAS J BICKERTON TRUSTEE 2.00 X 0 0 0 ALICE S BIERER TRUSTEE 2.00 X 0 0 0 GLADYS BLACK TRUSTEE 2.00 X 0 0 0 EDWARD JOSEPH BORKOWSKI TRUSTEE 2.00 X 0 0 0 WILLOW BROST TRUSTEE 2.00 X 0 0 0 WILLIAM H BROWN JR TRUSTEE 2.00 X 0 0 0 MARK R CAMPBELL TRUSTEE 2.00 X 0 0 0 JENNIFER DAURORA TRUSTEE 2.00 X 0 0 0 ANTONIO DIAS TRUSTEE 2.00 X 0 0 0 GARY M ELLIOTT TRUSTEE 2.00 X 0 0 0 MARY J FEELEY TRUSTEE 2.00 X 0 0 0 KIM TILLOTSON FLEMING TRUSTEE 2.00 X 0 0 0 ROGER GURNER TRUSTEE 2.00 X 0 0 0 JUDITH THOMAS HORGAN TRUSTEE 2.00 X 0 0 0 STEVEN D LEVINSKY TRUSTEE 2.00 X 0 0 0 RICHARD W MAINE TRUSTEE 2.00 X 0 0 0 ISABELLE MOSS TRUSTEE 2.00 X 0 0 0 HERBERT J MYERS TRUSTEE 2.00 X 0 0 0 CHRIS NELSON TRUSTEE 2.00 X 0 0 0 JEROME V NELSON TRUSTEE 2.00 X 0 0 0 JAMES C NEW TRUSTEE 2.00 X 0 0 0 JOHN HERBERT NILES JR TRUSTEE 2.00 X 0 0 0 MARTIN PFINSGRAFF TRUSTEE 2.00 X 0 0 0 TIMOTHY L REEVES TRUSTEE 2.00 X 0 0 0 YVONNE REED SEON PHD TRUSTEE 2.00 X 0 0 0 DAG J SKATTUM TRUSTEE 2.00 X 0 0 0 THOMAS N SLONAKER TRUSTEE 2.00 X 0 0 0 WILLIAM STEFFEE TRUSTEE 2.00 X 0 0 0 JOHN SUTPHEN TRUSTEE 2.00 X 0 0 0 BRUCE THOMPSON TRUSTEE 2.00 X 0 0 0 LARRY THOMPSON TRUSTEE 2.00 X 0 0 0 NICK TIMBERS TRUSTEE 2.00 X 0 0 0 JAMES WIBLE TRUSTEE 2.00 X 0 0 0 NANCY YOVETICH TRUSTEE 2.00 X 0 0 0 DOUG ZIEGLER TRUSTEE 2.00 X 0 0 0 HAYES STOVER TRUSTEE 2.00 X X 0 0 0 EDDIE TAYLOR JR CHAIR 2.00 X X 0 0 0 ROBERT L SMITH JR CO-CHAIR 2.00 X X 0 0 0 JAMES H MULLEN JR PRESIDENT 50.00 X X 339790 0 107418 LINDA C DEMERITT PROVOST 40.00 X 204040 0 37796 SUSAN S GAYLOR EXECUTIVE VP & COO (ENTERED 07/13) 50.00 X 91415 0 32937 LINDA WETSELL CFO/TREASURER 50.00 X 125201 0 34682 MARJORIE S KLEIN VP FOR DEVELOPMENT & ALUMNI AFFAIRS 50.00 X 181209 0 34415 BRIAN FRANCIS DALTON VP FOR ENROLLMENT & COLLEGE RELATIONS 50.00 X 176327 0 37931 JOSEPH J DICHRISTINA DEAN OF STUDENTS 50.00 X 148702 0 34081 RICHARD A HOLMGREN VP FOR INFO. SVCS & ASSESSME 50.00 X 137638 0 52895 DOUGLAS C SMITH - SENIOR PHILANTHR. ADVISOR FOR THE CAMPAIGN 50.00 X 160428 0 73996 JAMES C BULMAN PROFESSOR 40.00 X 162521 0 16525 BRUCE J SMITH PROFESSOR 40.00 X 143429 0 20551 1880344 0 483227 25 0 1 0 PARKHURST DINING SERVICES P O BOX 644091 PITTSBURGH PA 152644091 FOOD SERVICE 5498650 ST MORITZ BUILDING SERVICES P O BOX 5018 GREENSBURG PA 156015118 CLEANING SERVICE 1957978 ROYALL AND COMPANY 1920 EAST PARHAM ROAD RICHMOND VA 232282206 STUDENT MARKETING PROGRAM 257225 HOWE CONTRACTORS 7045 DUTCH HILL ROAD MEADVILLE PA 16335 CONSTRUCTION 248197 ELLUCIAN INC 62814 COLLECTION CENTER DRIVE CHICAGO IL 60693 COMPUTER SOFTWARE SYSTEM 240337 20 19626 1110338 7281718 647203 8411682 TUITION AND FEES 611710 82164260 82164260 OTHER AUXILIARY 611710 20377694 20377694 102541954 2134800 30743 2104057 122378 68731 53647 53647 53647 31445517 24864280 6581237 6581237 6581237 27175 19626 58124 -30949 -30949 1078435 919702 158733 158733 119851104 102541954 30743 8866725 65000 65000 41142451 41142451 575658 575658 1762327 1762327 27726967 24196531 1242412 2288024 2111237 1711052 231680 168505 7639374 6082686 931338 625350 2166794 1797162 208405 161227 7172749 7041247 46363 85139 123826 123826 176033 5000 171033 1088723 1088723 277988 138289 139699 4189824 3510942 317299 361583 1252000 943785 305395 2820 3014017 2713826 297102 3089 1821333 1531635 68472 221226 737652 304323 149761 283568 2010347 2010347 6371657 5925641 446016 597943 280173 317770 OTHER EXPENSES 4425589 4160052 265537 STUDENT WAGES 2728827 2607864 86779 34184 LIBRARY BOOKS 820706 820706 119999022 107564370 8199937 4234715 9004954 9115293 8677755 5483969 5486607 404827 1061369 6657893 6339346 469804 511365 403313 385142 229185698 108670302 124260054 120515396 185552392 141556047 59726779 7025139 7827496 339262345 361202595 7632978 13447829 94763 55015722 53509418 130656 12716501 8033508 75365201 75216174 X 103067723 109133582 77049121 89956392 83780300 86896447 263897144 285986421 339262345 361202595 X -147918 23411921 -1174726 X X 0 1 X 1 1 1 X 9209828 10303642 11390298 14612288 8411682 53927738 9209828 10303642 11390298 14612288 8411682 53927738 196546 53731192 8161454 7991995 8114141 8084523 2257178 34609291 1050343 1277096 1609755 1698478 5635672 94172701 473340388 0.57060 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 17500 1787817 X X X X 0 164309138 11848013 28535017 4286645 4180210 230424 195994889 148141117 6152500 17961986 3972546 3302436 671483 164309138 153772505 2866881 -467028 3250719 4074191 706331 148141117 133943713 1298944 26441351 7911503 153772505 125126189 1254779 15684406 8091000 30661 133943713 0.16290 0.39610 0.44100 0 0 15187093 15187093 173089663 75452480 97637183 351294 351294 0 20808496 20066655 741841 19749152 12799873 6949279 120515396 VENTURE CAPITAL/PRIVATE EQUITY 11182800 F DEBT FUNDS 10005509 F PRIVATE REAL ESTATE 13439801 F HEDGE FUNDS 18133637 F REAL ASSETS 5341229 F EQUITY-METHOD INVESTMENT 1623803 F 59726779 STUDENTS DEPOSITS 1531534 SWAP LIABILITIES 928099 TRUSTS HELP FOR OTHERS 370813 ADVANCES FOR STUDENT LOANS 5203062 8033508 X 101502750 23411921 -41718109 -18306188 119808938 1088723 -1046557 42166 119851104 78238747 1046557 1046557 77192190 1088723 41718109 42806832 119999022 PART III, LINE 4: CONTRIBUTED WORKS OF ART, HISTORICAL TREASURES, AND LITERATURE ARE USED BY THE STUDENTS AND FACULTY FOR EDUCATION PURPOSES. PART X, LINE 2: THE COLLEGE ADOPTED THE FINANCIAL ACCOUNTING STANDARDS BOARD (FASB) GUIDANCE FOR ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES, WHICH PROVIDES CRITERIA FOR THE RECOGNITION AND MEASUREMENT OF UNCERTAIN TAX POSITIONS. THIS GUIDANCE REQUIRES THAT AN UNCERTAIN TAX POSITION SHOULD BE RECOGNIZED ONLY IF IT IS "MORE LIKELY THAN NOT" THAT THE POSITION IS SUSTAINABLE BASED ON ITS TECHNICAL MERITS. RECOGNIZABLE TAX POSITIONS SHOULD THEN BE MEASURED TO DETERMINE THE AMOUNT OF BENEFIT RECOGNIZED IN THE FINANCIAL STATEMENTS. THE COLLEGE FILES U.S. FEDERAL, STATE AND LOCAL INFORMATION RETURNS, AND NO RETURNS ARE CURRENTLY UNDER EXAMINATION. THE STATUTE OF LIMITATIONS ON THE COLLEGE'S U.S. FEDERAL TAX RETURNS REMAINS OPEN FOR THE YEARS ENDED JUNE 30, 2011 THROUGH THE PRESENT. THE COLLEGE CONTINUES TO EVALUATE ITS TAX POSITIONS PURSUANT TO THE PRINCIPLES OF FASB GUIDANCE AND HAS DETERMINED THAT THERE IS NO MATERIAL IMPACT ON THE COLLEGE'S FINANCIAL STATEMENTS. PART XI, LINE 2D - OTHER ADJUSTMENTS: FINANCIAL AID -41,718,109. PART XI, LINE 4B - OTHER ADJUSTMENTS: FUNDRAISING EVENT EXPENSES -58,124. COST OF SALES -919,702. RENTAL EXPENSES -68,731. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EVENT EXPENSES 58,124. COST OF SALES 919,702. RENTAL EXPENSES 68,731. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 41,718,109. 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 PUBLISHES ITS NONDISCRIMINATION POLICY IN LOCAL AND REGIONAL NEWPAPERS. IN ADDITION, THE POLICY IS INCLUDED IN THE COLLEGE CATALOGS AND RECRUITING MATERIALS. SCHEDULE E, PART I, LINE 6 THE COLLEGE RECEIVES GRANTS UNDER VARIOUS STATE AND FEDERAL PROGRAMS. 1 SUB-SAHARAN AFRICA 0 0 PROGRAM SERVICES STUDY ABROAD PROGRAMS; 2 STUDENTS PARTICIPATING 27360 MIDDLE EAST AND NORTH AFRICA 0 0 PROGRAM SERVICES STUDY ABROAD PROGRAMS; 4 STUDENT PARTICIPANTS 7527 ASIA 0 0 PROGRAM SERVICES STUDY ABROAD PROGRAMS; 1 STUDENT PARTICIPANTS 12900 SOUTH AMERICA 0 0 PROGRAM SERVICES STUDY ABROAD PROGRAMS; 5 STUDENTS PARTICIPATING 78850 CENTRAL AMERICA AND THE CARIBBEAN 0 0 PROGRAM SERVICES STUDY ABROAD PROGRAMS; 2 STUDENT PARTICIPANTS 38670 EAST ASIA AND THE PACIFIC 0 0 PROGRAM SERVICES STUDY ABROAD PROGRAMS; 4 STUDENT PARTICIPANTS 81805 EUROPE (INCLUDING ICELAND AND GREENLAND) 0 0 PROGRAM SERVICES STUDY ABROAD PROGRAMS; 37 STUDENT PARTICIPANTS 472753 SOUTH ASIA 0 0 PROGRAM SERVICES STUDY ABROAD PROGRAMS; 1 STUDENT PARTICIPANTS CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENT 5341229 SUB-SAHARAN AFRICA 0 0 PROGRAM SERVICES SCHOLARSHIP 14758 MIDDLE EAST AND NORTH AFRICA 0 0 PROGRAM SERVICES SCHOLARSHIP 35380 SOUTH AMERICA 0 0 PROGRAM SERVICES SCHOLARSHIP 71653 CENTRAL AMERICA AND THE CARIBBEAN 0 0 PROGRAM SERVICES SCHOLARSHIP 29011 EAST ASIA AND THE PACIFIC 0 0 PROGRAM SERVICES SCHOLARSHIP 20705 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 PROGRAM SERVICES SCHOLARSHIP 379151 SOUTH ASIA 0 0 PROGRAM SERVICES SCHOLARSHIP 17500 ASIA 0 0 PROGRAM SERVICES SCHOLARSHIP 7500 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 PROGRAM SERVICES EXPERIENTIAL LEARNING TRIPS 219630 SOUTH ASIA 0 0 PROGRAM SERVICES EXPERIENTIAL LEARNING TRIPS 131792 CENTRAL AMERICA AND THE CARIBBEAN 0 0 PROGRAM SERVICES EXPERIENTIAL LEARNING TRIPS 42801 0 0 0 0 0 0 719865 6311110 7030975 SCHOLARSHIP SUB-SAHARAN AFRICA 2 14758 DIRECT TRANSFER TO STUDENT`S ACCOUNT FMV SCHOLARSHIP MIDDLE EAST AND NORTH AFRICA 4 35380 DIRECT TRANSFER TO STUDENT`S ACCOUNT FMV SCHOLARSHIP SOUTH AMERICA 5 71653 DIRECT TRANSFER TO STUDENT`S ACCOUNT FMV SCHOLARSHIP CENTRAL AMERICA AND THE CARIBBEAN 2 29011 DIRECT TRANSFER TO STUDENT`S ACCOUNT FMV SCHOLARSHIP EAST ASIA AND THE PACIFIC 2 20705 DIRECT TRANSFER TO STUDENT`S ACCOUNT FMV SCHOLARSHIP EUROPE (INCLUDING ICELAND & GREENLAND) 37 379151 DIRECT TRANSFER TO STUDENT`S ACCOUNT FMV SCHOLARSHIP ASIA 1 7500 DIRECT TRANSFER TO STUDENT`S ACCOUNT FMV SCHOLARSHIP SOUTH ASIA 2 17500 DIRECT TRANSFER TO STUDENT`S ACCOUNT FMV 1 0 1 0 0 0 SCHEDULE F, PART I, LINE 2: THE COLLEGE DOES NOT ISSUE GRANTS OUTSIDE THE U.S., BUT IT DOES INCUR EXPENSES FOR STUDENTS STUDYING ABROARD. STUDENTS PAY THEIR REGULAR ALLEGHENY COLLEGE TUITION, AND THE COLLEGE IN TURN PAYS THEIR TUITION TO THE FOREIGN INSTITUTION THAT THEY WILL BE ATTENDING. THOSE EXPENSES ARE TRACKED IN THE STUDY ABROAD OFFICE AND IN THE GENERAL LEDGER. THE COLLEGE FOLLOWS FEDERAL, STATE, AND INSTITUTIONAL GUIDELINES FOR DETERMINING ELIGIBILITY FOR SCHOLARSHIPS, PRIZES, AND OTHER GRANTS AND AWARDS. THE COLLEGE MAINTAINS RECORDS SHOWING RECIPIENT ELIGIBILITY, HOW FUNDS MAY BE USED, AND ANY RELATED PARTY DISCLOSURES. GRANTS AWARDED BY THE OFFICE OF FINANCIAL AID ARE CREDITED DIRECTLY TO THE STUDENT ACCOUNTS. OTHER GRANTS ARE MONITORED IN VARIOUS WAYS, INCLUDING REIMBURSING ACTUAL SUBSTANTIATED EXPENSES, REQUIRING WRITTEN REPORTS AND/OR VISITING SITES OF ACTIVITIES FUNDED BY COLLEGE GRANTS. ATHLETIC GOLF OUTING 46801 19626 27175 20588 37536 46801 19626 27175 20588 37536 58124 -30949 1 CITY OF MEADVILLE 894 DIAMOND PARK MEADVILLE PA 16335 256000867 GOVERNMENT 65000 0 N/A N/A FINANCIAL SUPPORT 1 0 ALLEGHENY AID 1278 9633533 0 N/A N/A ENDOWED AID 969 4286645 0 N/A N/A FEDERAL GRANTS 266 625389 0 N/A N/A MERIT SCHOLARSHIPS 1847 24286783 0 N/A N/A PELL GRANTS 572 2310101 0 N/A N/A PART I, LINE 2: THE COLLEGE'S FINANCIAL AID OFFICE MAINTAINS ELIGIBILITY REQUIREMENTS AND MONITORS GRANTING OF AWARDS TO STUDENTS AND FOLLOWS U.S. FEDERAL AID REGULATIONS AND ALL STATES' REGULATIONS FOR GRANTS TO ITS STUDENTS. X X X 1 0 X X X X X 0 0 0 0 0 0 0 1 0 JAMES H MULLEN JR PRESIDENT 317695 0 19500 0 2595 0 22950 0 84468 0 447208 0 0 0 LINDA C DEMERITT PROVOST 202456 0 0 0 1584 0 19025 0 18771 0 241836 0 0 0 LINDA WETSELL CFO/TREASURER 124800 0 0 0 401 0 13050 0 21632 0 159883 0 0 0 MARJORIE S KLEIN VP FOR DEVELOPMENT & ALUMNI AFFAIRS 180657 0 0 0 552 0 16844 0 17571 0 215624 0 0 0 BRIAN FRANCIS DALTON VP FOR ENROLLMENT & COLLEGE RELATION 175967 0 0 0 360 0 16650 0 21281 0 214258 0 0 0 JOSEPH J DICHRISTINA DEAN OF STUDENTS 148395 0 0 0 307 0 13770 0 20311 0 182783 0 0 0 RICHARD A HOLMGREN VP FOR INFO. SVCS & ASSESSME 136794 0 0 0 844 0 13500 0 39395 0 190533 0 0 0 DOUGLAS C SMITH - SENIOR PHILANTHR. ADVISOR FOR THE CAMPAIGN 158868 0 0 0 1560 0 14935 0 59061 0 234424 0 0 0 JAMES C BULMAN PROFESSOR 159610 0 0 0 2911 0 14657 0 1868 0 179046 0 0 0 BRUCE J SMITH PROFESSOR 140925 0 0 0 2504 0 13005 0 7546 0 163980 0 0 0 PART I, LINE 7 JAMES H. MULLEN, JR. RECEIVED A BONUS. PART II NON-TAXABLE BENEFITS MAY INCLUDE LIFE INSURANCE COST, LONG-TERM DISABILITY, EMPLOYER MEDICAL INSURANCE COST, SECTION 125, HOUSING, AND TUITION REMISSION. A PA HIGHER EDUCATION FACILITIES 232243852 2006-02-23 14000000 CONSTRUCT STUDENT HOUSING 0 0 0 B CRAWFORD CO INDUSTRIAL DEVELOPMENT AUTHORITY 237115736 2009-05-08 10295000 CONSTRUCT STUDENT HOUSING 0 0 0 C CRAWFORD CO INDUSTRIAL DEVELOPMENT AUTHORITY 237115736 2009-05-08 8000000 CONSTRUCT STUDENT HOUSING 0 0 0 D CRAWFORD CO INDUSTRIAL DEVELOPMENT AUTHORITY 237115736 2010-12-15 26386313 REFUND 1998 BONDS 0 0 0 A 13913293 1315987 189625 12294183 2006 0 0 0 1 B 305000 10179186 836400 190015 9152771 2010 0 0 0 1 C 8000000 147889 7852111 2010 0 0 0 1 D 1163844 26260000 126313 2010 1 0 1 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 0 B 0 0 0 0 0.00000 0.00000 0.00000 0 0 0 C 0 0 0 0 0.00000 0.00000 0.00000 0 0 0 D 0 0 0 0 0.00000 0.00000 0.00000 0 0 0 A 1 0 0 0 0 0 B 1 0 0 0 0 0 C 1 0 0 0 0 0 D 1 0 0 0 0 0 A 0 B 0 C 0 D 0 ENROLLED STUDENT FAMILY OF BOARD 15000 MERIT SCHOLARSHIP FINANCIAL AID OSWALD COMPANIES EDDIE TAYLOR, JR. - EMPLOYEE/OWNER, OSWALD COMPANIES 285129 INSURANCE BROKER 0 ALLEN & GERRITSEN TIMOTHY L. REEVES - PRINCIPAL, ALLEN & GERRITSEN 257074 MARKETING SERVICES 0 N SMITH SPOUSE OF TRUSTEE 44131 EMPLOYMENT 0 G BYRNES SPOUSE OF OFFICER 14600 EMPLOYMENT 0 X 2 17500 APPRAISAL X 41 634968 FMV 2 0 1 0 FORM 990, PART VI, SECTION B, LINE 11 THE BOARD OF TRUSTEES AUDIT COMMITTEE IS CHARGED BY THE FULL BOARD WITH THE RESPONSIBILITY OF REVIEWING THE FORM 990 AND CALLING IN OUTSIDE EXPERTS TO ANSWER ANY QUESTIONS OF THE BOARD IN ORDER TO COME TO FULL UNDERSTANDING OF WHAT IS BEING REPORTED. THIS REVIEW IS HELD JUST PRIOR TO THE SUBMISSION OF THE FORM 990 FORM 990, PART VI, SECTION B, LINE 12C THE COLLEGE REGULARLY AND CONSISTENTLY MONITORS COMPLIANCE WITH ITS CONFLICT OF INTEREST POLICY THROUGH COMPLETION OF AN ANNUAL DISCLOSURE STATEMENT, WHICH IS COMPLETED BY ALL TRUSTEES. IF A CONFLICT IS DETERMINED TO BE PRESENT, THEN MANAGEMENT AND BOARD LEADERSHIP ADDRESS IT WITH THE APPROPRIATE INDIVIDUAL(S). NO CONFLICTS OR POTENTIALLY CONFLICTING BUSINESS OR FAMILY RELATIONSHIPS WERE NOTED FOR THE FISCAL YEAR. AS A PART OF NEW TRUSTEE ORIENTATION, BOARD MEMBERS ARE INFORMED THAT THE BOARD OF TRUSTEES HAS AUTHORITY ONLY AS A CORPORATE BODY. NO INDIVIDUAL TRUSTEE HAS AUTHORITY OVER ANY ASPECT OF COLLEGE OPERATIONS. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD OF TRUSTEES COMPENSATION COMMITTEE REVIEWS ANNUALLY THE PRESIDENT'S WORK ACCOMPLISHMENTS FOR THE PAST YEAR AND COMBINES THAT INFORMATION WITH A COMPARISON OF COMPENSATION OF PRESIDENTS OF SIMILAR COLLEGES TO SET THE PRESIDENT'S ANNUAL SALARY INCREASE. DOCUMENTATION IS KEPT ON FILE CONCERNING THESE DELIBERATIONS AND MEASUREMENTS. THE SAME BOARD OF TRUSTEES COMPENSATION COMMITTEE ALSO REVIEWS AND APPROVES THE PRESIDENT'S RECOMMENDATION FOR SALARY INCREASES AND FOR THE CRITERIA USED FOR THOSE RECOMMENDATIONS; DOCUMENTATION IS ALSO KEPT ON FILE CONCERNING THIS REVIEW AND APPROVAL. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY ARE MADE AVAILABLE UPON REQUEST. THE FINANCIAL STATEMENTS ARE ON THE COLLEGE'S WEBSITE. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF SPLIT-INTEREST AGREEMENTS -1,113,710. CHANGE IN VALUE OF SWAP AGREEMENT -61,016. FORM 990, PART XII, QUESTION 2C, OVERSIGHT OF FINANCIAL STATEMENT AUDIT: THE SCHOOL'S FINANCIAL STATEMENTS ARE AUDITED BY AN INDEPENDENT ACCOUNTING FIRM. THE COLLEGE HAS A COMMITTEE THAT ASSUMES THE RESPONSIBILITY FOR THE OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND ITS SELECTION OF THE INDEPENDENT ACCOUNTANT. THIS PROCESS HAS NOT CHANGED FROM PRIOR YEAR. CHARITABLE TRUST INVESTMENTS PA N/A T 429605 4155310 1.00000 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0