2014-03-19T08:39:45-05:00 2013-05-31 KPMG LLP 1676 INTERNATIONAL DRIVE MCLEAN VA 22102 990 2012-06-01 231352641 GETTYSBURG COLLEGE % FINANCE AND ADMINISTRATION GETT 7173376200 300 NORTH WASHINGTON STREET Suite GETTYSBURG PA 17325 DANIEL T KONSTALID 7173379200 2014-03-17 true 7032868399 2012 2015-11-30 17:44:51Z DANIEL T KONSTALID 300 NORTH WASHINGTON STREET GETTYSBURG PA 17325 210729147 false X WWW.GETTYSBURG.EDU X 1832 PA GETTYSBURG COLLEGE, A NATIONAL, RESIDENTIAL, UNDERGRADUATE COLLEGE COMMITTED TO A LIBERAL EDUCATION, PREPARES STUDENTS TO BE ACTIVE LEADERS AND PARTICIPANTS IN A CHANGING WORLD. SEE ATTACHMENT 1. 37 33 2755 752 813215 -188030 15120707 17269449 142819357 150049783 4582088 3728297 2903075 2982428 165425227 174029957 45702636 47517679 0 0 64695133 67468836 0 0 5158579 45904572 46734095 156302341 161720610 9122886 12309347 441524438 476534948 134318712 130570404 307205726 345964544 X GETTYSBURG COLLEGE IS A HIGHLY SELECTIVE NATIONAL, FOUR-YEAR RESIDENTIAL COLLEGE OF LIBERAL ARTS AND SCIENCES. WITH A STUDENT BODY OF APPROXIMATELY 2,700, IT IS LOCATED ON A 200-ACRE CAMPUS ADJACENT TO THE GETTYSBURG NATIONAL MILITARY PARK IN PENNSYLVANIA. THE COLLEGE WAS FOUNDED IN 1832. THE PURPOSE OF GETTYSBURG COLLEGE IS TO SERVE THE CAUSE OF LIBERAL EDUCATION IN CHANGING TIMES, BY PROVIDING A COMMUNITY OF LEARNING BOTH INSIDE AND OUTSIDE THE CLASSROOM COMMITTED TO THE DISCOVERY, EXPLORATION, AND EVALUATION OF THE IDEAS AND ACTIONS OF HUMANKIND, AND TO THE CREATIVE EXTENSION OF THAT DEVELOPING HERITAGE, AND THE PROMOTION OF MUSIC, THE ARTS, THEATER, LEADERSHIP AND VOLUNTEERISM WITHIN THE LOCAL, REGIONAL, AND GLOBAL COMMUNITIES. false false 142156773 47517679 152992356 UNDERGRADUATE EDUCATION OF STUDENTS 142156773 true true false false false false false false false true true true false true true true false true true true true false true false true false false false true true true false false false false false true false false true false true true false false true true true true false false true 3636 0 true 2755 true true true false false false false true true false false false false X 37 33 false false false false false false false true true false false true true true true true true true true false AZ CA FL KY ME MD MI MN MO NH PA TN VA X FINANCE AND ADMINISTRATION 7173376200 300 NORTH WASHINGTON ST GETTYSBURG PA 17325 GINO ALBERTO JR 1.0 0.0 X 0 JOSEPH A BIERNAT 1.0 X DAVID BRENNAN 1.0 X DONALD BURDEN 1.0 X A BRUCE CHAMBERLIN 1.0 X JAMES L CHEMEL 1.0 X STEPHEN K CLOETINGH 1.0 X ENID WEDEMEYER CORKRAN 1.0 X MALCOLM L COWEN II 1.0 X JESSE H DINER 1.0 X ROBERT N DUELKS 1.0 X GWENDOLYN JORDAN DUNGY 1.0 X FRED FIELDING 1.0 X ALAN FUERSTMAN 1.0 X BOB GARTHWAIT JR 1.0 X JAMES N HESTON 1.0 X LYNN S HOLUBA 1.0 X RAYMOND M HOPKINS 1.0 X MARY CLAIRE LAGNO 1.0 X ERIC B LINT 1.0 X STEPHEN PAUL MAHINKA 1.0 X HOLLY KELLER MCDEVITT 1.0 X JOHN T O'CONNOR 1.0 X ANDREW M PARKER 1.0 X LYNNE A ROYER 1.0 X JOAN FISCHER SCHWEIZER 1.0 X CHARLES T SCOTT 1.0 X ELIZABETH B SEARLE 1.0 X PETER G SEIDEN 1.0 X W JEFFREY SIEGFRIED 1.0 X DEBORAH SMITH 1.0 X RONALD J SMITH 1.0 X DOUGLAS P STUART 1.0 X F KEVIN TYLUS 1.0 X KAYSIE UNIACKE 1.0 X LARRY WALKER 1.0 X JANET RIGGS 40.0 X X 337327 58715 CHRISTOPHER ZAPPE 40.0 X 201044 50777 DANIEL KONSTALID 40.0 X 220137 52299 ROBERT KALLIN 40.0 X 231138 73207 BARBARA FRITZE 40.0 X 229569 44254 RODNEY TOSTEN 40.0 X 207719 46407 JULIE RAMSEY 40.0 X 177021 42328 JANE NORTH 40.0 X 159740 83726 SUSAN EISENHOWER 40.0 X 209745 25947 LAURENCE MARSCHALL 40.0 X 164872 26144 JEFFREY BLAVATT 40.0 X 157195 17364 PHILIP BOBKO 40.0 X 147447 34000 PETER STITT 40.0 X 145342 42817 2588296 0 597985 51 false true false MCNEES WALLACE NURICK 1 S CHURCH STREET HAZLETON PA 18201 LEGAL COUNSEL 375338 GRANT THORNTON LLP 2001 MARKET STREET PHILADELPHIA PA 19103 CONSULTANT 182030 PROQUEST LLC 6216 PAYSPERE CIRCLE CHICAGO IL 60674 ELECTRONIC PUBLISHER 173282 JIM BARBARA ENTWISTLE 1260 TABLE ROCK ROAD GETTYSBURG PA 17325 LANDLORD 152970 DAVID RINEHART PAINTING 380 PLAINVIEW ROAD GETTYSBURG PA 17325 PAINTING CONTRACTOR 148262 8 X 40662 102378 948457 16177952 4333963 17269449 TUITION AND FEES 900099 120520057 120520057 AUXILIARY SERVICES 900099 28462306 28462306 CONFERENCES AND CONVENTIONS 611710 551430 551430 THEATER 711110 515990 276083 239907 150049783 2357519 21878 2335641 0 0 39855 39855 0 39855 39855 36646330 15910 35259204 32258 1387126 -16348 1370778 1370778 35909 102378 35909 0 0 1880563 1371819 508744 508744 WORKSHOP FEES 900099 241213 241213 ADMINISTRATIVE FEES 900099 115643 115643 STUDENT LOAN INTEREST 900099 127631 127631 1949342 1949342 2433829 174029957 152201019 813215 3746274 0 44791135 44791135 2726544 2726544 0 2333622 1142621 796879 394122 212129 212129 47458334 39761917 5214129 2482288 5073788 4212464 552249 309075 8837743 7355767 955714 526262 3553220 2881367 441356 230497 0 387169 435 386734 103054 4223 98831 0 0 435036 435036 2184290 1086513 864040 233737 531018 175094 355823 101 8568719 7090753 1062633 415333 1607451 649533 930860 27058 0 4373369 3736901 532477 103991 2896560 2300819 344401 251340 0 556265 362273 163929 30063 3904378 3904378 0 9653362 8802533 768309 82520 605687 577598 25856 2233 OFF CAMPUS STUDY 6227088 6227088 COLLEGE STORE AND DINING 3830456 3585306 197031 48119 SUBSCRIPTIONS AND MEMBERSHIPS 445515 224172 205172 16171 ADMINISTRATIVE FEES 214819 214819 209859 130391 73799 5669 161720610 142156773 14405258 5158579 X 467141 727326 73672855 75539062 7831008 7136966 909669 820865 1377 586 0 0 0 0 0 0 3767732 4287091 308659239 144449234 156899200 164210005 92001003 117602358 74157868 70951301 6186415 6319724 0 0 25630170 28939664 441524438 476534948 15630466 15931240 0 0 0 0 81705000 78285000 0 0 0 298526 0 0 0 0 36983246 36055638 134318712 130570404 X 151614032 169375975 34125708 44182154 121465986 132406415 307205726 345964544 441524438 476534948 X 12309347 26029638 419833 X false true X true true true X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 231450602 9653004 29508131 2469523 6572262 261569952 245889239 3501981 -7974571 2383867 7582180 231450602 215153173 4408678 33682075 2546418 4808269 245889239 197908531 2460396 24185356 2681973 6719137 215153173 261804016 2072872 -57694679 2557438 5716240 197908531 0.34000 0.50000 0.16000 true false 4443891 4443891 251603431 111259346 140344085 48948563 33189888 15758675 3663354 3663354 164210005 HEDGE FUNDS 42947358 F REAL ASSETS 7579320 F PRIVATE EQUITY 20424623 F 70951301 FUNDS HELD IN TRUST BY OTHERS 28939664 28939664 0 STUDENT'S ADV. PYMT & DEPOSITS 2910150 ADVANCES FROM FEDERAL GOV'T 2117687 DEP HELD IN CUSTODY FOR OTHERS 731234 ANNUITIES PAYABLE 6852222 ACCRUED POST RETIREMENT COSTS 13991369 PROMISSORY NOTE PAYABLE 6380866 ACCUMULATED LOSS ON SWAP AGREE 347315 BONDS PREMIUM 2724795 36055638 X 157234871 26029638 32820 26062458 131172413 42857544 42857544 174029957 118476053 1444727 1444727 117031326 44689284 44689284 161720610 SCHEDULE D, PART V, LINE 4, ENDOWMENT FUNDS ENDOWMENT ASSETS INCLUDE THOSE ASSETS OF DONOR-RESTRICTED FUNDS THAT THE ORGANIZATION MUST HOLD IN PERPETUITY OR FOR A DONOR-SPECIFIED PERIOD, AS WELL AS DESIGNATED FUNDS. THE COLLEGE HAS ADOPTED INVESTMENT AND SPENDING POLICIES FOR ENDOWMENT ASSETS THAT ATTEMPT TO PROVIDE A PREDICTABLE STREAM OF FUNDING TO PROGRAMS SUPPORTED BY ITS ENDOWMENT WHILE SEEKING TO MAINTAIN PURCHASING POWER OF THE ENDOWMENT ASSETS OVER TIME. ENDOWMENT SPENDING SUPPORTS OPERATIONS OF THE COLLEGE INCLUDING SCHOLARSHIPS AND INSTRUCTIONAL, ACADEMIC SUPPORT AND STUDENT SERVICES ACTIVITIES AS SPECIFICALLY RESTRICTED BY THE DONOR OR OTHERWISE DESIGNATED. SCHEDULE D, PART X, LINE 2 THE COLLEGE IS RECOGNIZED BY THE INTERNAL REVENUE SERVICE AS A NOT-FOR-PROFIT EDUCATIONAL INSTITUTION AND, THEREFORE, QUALIFIES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE FOR EXEMPTION FROM FEDERAL INCOME TAX ON ACTIVITIES RELATED TO ITS EXEMPT PURPOSE. MANAGEMENT ANNUALLY REVIEWS ITS TAX POSITIONS AND HAS DETERMINED THAT THERE ARE NO MATERIAL UNCERTAIN TAX PROVISIONS THAT REQUIRE RECOGNITION IN THE FINANCIAL STATEMENTS. SCHEDULE D, PART XI, LINE 2D CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS: $(493,191) POST RETIREMENT RELATED CHARGES: 316,746 CHANGE IN NET ASSETS OF RELATED ENTITIES: 126,349 CHANGE IN SURRENDER VALUE OF LIFE INSURANCE: 82,916 __________ TOTAL SCHEDULE D, PART XI, LINE 2D $ 32,820 SCHEDULE D, PART XI, LINE 4B COST OF GOODS SOLD: $(1,371,819) FUNDRAISING EXPENSES: (35,909) STUDENT AID: 44,254,248 DISREGARDED ENTITY: (424,012) INVESTMENT FEES OFFSETTING REVENUES IN FINANCIAL STATEMENTS: 435,036 ___________ TOTAL SCHEDULE D, PART XI, LINE 4B: $42,857,544 SCHEDULE D, PART XII, LINE 2D COST OF GOODS SOLD REPORTED IN REVENUE: $1,371,819 FUNDRAISING EXPENSES FROM EVENTS REPORTED IN REVENUE: 35,909 NON-HOTEL RELATED ENTITY: 36,999 __________ TOTAL SCHEDULE D, PART XII, LINE 2D: $1,444,727 SCHEDULE D, PART XII, LINE 4B STUDENT AID: $44,254,248 INVESTMENT FEES OFFSETTING REVENUES IN FINANCIAL STATEMENTS: 435,036 ___________ TOTAL SCHEDULE D, PART XII, LINE 4B: $44,689,284 true true true true true true true false false false false false false false false true false true SCHEDULE E, PART I, LINE 3 RACIALLY NONDISCRIMINATORY POLICY IS DESCRIBED IN CATALOGS, BROCHURES, RECRUITING ACTIVITIES AND WEBSITE. SCHEDULE E, PART I, LINE 6A FEDERAL FUNDS ARE RECEIVED FOR STUDENT FINANCIAL AID PACKAGES, RESEARCH, AND OTHER PROGRAMS. GETTYSBURG COLLEGE PARTICIPATES IN THE FOLLOWING FEDERAL STUDENT FINANCIAL AID PROGRAMS: FEDERAL PELL, FSEOG, FEDERAL WORK STUDY, FEDERAL PERKINS LOAN, AND FEDERAL DIRECT LOAN PROGRAMS. true East Asia and the Pacific Grantmaking 373597 Europe (Including Iceland and Greenland) Grantmaking 1911121 Middle East and North Africa Grantmaking 78966 South America Grantmaking 134093 South Asia Grantmaking 44042 Sub-Saharan Africa Grantmaking 184725 Central America and the Caribbean Program Services Education 68598 East Asia and the Pacific Program Services Education 17791 Europe (Including Iceland and Greenland) Program Services Education 155078 Middle East and North Africa Program Services Education 8448 North America Program Services Education 29727 Russia and the Newly Independent States Program Services Education 3135 South America Program Services Education 6364 South Asia Program Services Education 1000 Sub-Saharan Africa Program Services Education 31117 Europe (Including Iceland and Greenland) Program Services Recruiting 3232 North America Program Services Recruiting 635 Central America and the Caribbean Program Services Research 3378 East Asia and the Pacific Program Services Research 14627 Europe (Including Iceland and Greenland) Program Services Research 24677 Middle East and North Africa Program Services Research 2948 North America Program Services Research 109034 South America Program Services Research 1547 Central America and the Caribbean Program Services Study Abroad 33302 East Asia and the Pacific Program Services Study Abroad 802240 Europe (Including Iceland and Greenland) 2 Program Services Study Abroad 4028643 Middle East and North Africa Program Services Study Abroad 166752 South America Program Services Study Abroad 311413 South Asia Program Services Study Abroad 70506 Sub-Saharan Africa Program Services Study Abroad 295372 Europe (Including Iceland and Greenland) Investments 1211887 Central America and the Caribbean Investments 44777595 Central America and the Caribbean Fundraising East Asia and the Pacific Fundraising Europe (Including Iceland and Greenland) Fundraising Middle East and North Africa Fundraising North America Fundraising South Asia Fundraising Sub-Saharan Africa Fundraising 2 2 3051669 51853921 54905590 COLLEGE GRANT Europe (Including Iceland and Greenland) 160 1911121 FIN AID FMV COLLEGE GRANT East Asia and the Pacific 29 373597 FIN AID FMV COLLEGE GRANT Middle East and North Africa 6 78966 FIN AID FMV COLLEGE GRANT Sub-Saharan Africa 15 184725 FIN AID FMV COLLEGE GRANT South Asia 3 44042 FIN AID FMV COLLEGE GRANT South America 13 134093 FIN AID FMV true false true true true false SCHEDULE F, PART I, LINE 2 GRANTS ISSUED BY GETTYSBURG COLLEGE ARE PRIMARILY IN THE FORM OF FINANCIAL AID FOR WORTHY AND PROMISING STUDENTS WHO ARE UNABLE TO FINANCE THEIR EDUCATION FROM PERSONAL AND/OR FAMILY RESOURCES. ACCESS TO SUCH AID IS CONSIDERED A PRIVILEGE, NOT A RIGHT. THE QUALIFICATIONS FOR ASSISTANCE, IN ADDITION TO NEED, ARE ACADEMIC ABILITY, ACADEMIC ACHIEVEMENT, AND PROMISE OF CONTRIBUTION AS A STUDENT AND CITIZEN. FINANCIAL AID GRANTS TO STUDENTS ARE DIRECTLY APPLIED BY THE COLLEGE TO OFFSET BILLED AMOUNTS (I.E.TUITION) ON THE STUDENT'S ACCOUNT, THEREBY REDUCING THE NET BALANCE DUE TO THE COLLEGE. SCHEDULE F, PART I, LINE 3, COLUMN F GETTYSBURG COLLEGE USES THE ACCRUAL METHOD OF ACCOUNTING FOR EXPENDITURES. INVESTMENTS ARE REPORTED AT FAIR VALUE IN ACCORDANCE WITH ACCOUNTING STANDARDS. WHENEVER AVAILABLE, QUOTATIONS FROM ORGANIZED SECURITY EXCHANGES ARE USED AS THE BASIS OF FAIR VALUE. FOR INVESTMENTS NOT TRADED ON ORGANIZED EXCHANGES, THEIR NET ASSET VALUE (NAV) PER SHARE OR EQUIVALENT HAVE BEEN USED AS A PRACTICAL EXPEDIENT FOR DETERMINING FAIR VALUE AND ARE SUBJECT TO ADDITIONAL UNCERTAINTY. THEREFORE, VALUES REALIZED UPON DISPOSITION MAY VARY SIGNIFICANTLY FROM CURRENTLY REPORTED VALUES. ORANGE & BLUE 138287 102378 35909 35909 0 138287 102378 35909 35909 35909 true GRANTS AND SCHOLARSHIPS PAID 1669 44254248 FMV FINANCIAL AID OFF CAMPUS GRANTS AND OTHER ASSISTANCE 8 101556 FMV FINANCIAL AID PRIZES AND AWARDS 123 233723 FMV FELLOWSHIPS 65 201609 FMV SCHEDULE I, PART I, LINE 2 GETTYSBURG COLLEGE'S FINANCIAL AID PROCEDURES FOR MONITORING THE USE OF GRANT FUNDS ARE DESCRIBED ON SCHEDULE F, PART IV. X true true X X X X X false false false false false false false false false JANET RIGGS 335515 1812 31490 35572 404389 CHRISTOPHER ZAPPE 198823 1500 721 25734 26102 252880 DANIEL KONSTALID 217468 2000 669 28530 25038 273705 ROBERT KALLIN 202194 1000 27944 26358 47924 305420 BARBARA FRITZE 218217 1500 9852 26908 19521 275998 RODNEY TOSTEN 206072 1000 647 31291 16354 255364 JULIE RAMSEY 174236 1000 1785 23077 20506 220604 JANE NORTH 156748 2000 992 18986 65749 244475 SUSAN EISENHOWER 207669 2076 25645 1364 236754 LAURENCE MARSCHALL 161958 425 2489 17314 9666 191852 JEFFREY BLAVATT 150449 6746 17062 1168 175425 PHILIP BOBKO 146087 1360 17254 17602 182303 PETER STITT 142961 2381 22283 21220 188845 SCHEDULE J, PART I, LINE 1A PERSONAL USE OF HOUSING: THE PRESIDENT IS PROVIDED HOUSING AS A CONDITION OF EMPLOYMENT FOR THE CONVENIENCE OF THE COLLEGE. THE COST OF HOUSING IS EXCLUDED FROM COMPENSATION UNDER IRC SECTION 119(D). HOUSING IS MADE AVAILABLE TO THE VICE PRESIDENT FOR ENROLLMENT AND EDUCATION SERVICES. THE VALUE OF HOUSING IS INCLUDED AS REPORTABLE COMPENSATION FOR SCHEDULE J. A ADAMS COUNTY INDUSTRIAL DEVELOPMENT AUTHORITY 232988777 006116AM9 2008-11-01 18279997 FINANCE CONST & RENOV OF THE CENTE false false false B ADAMS COUNTY INDUSTRIAL DEVELOPMENT AUTHORITY 232988777 006116BJ5 2010-06-01 71523663 REFINACING false false false A 0 0 18279997 0 0 0 272899 0 0 18007098 0 0 2009 false false true true B 0 0 71523663 0 0 0 722014 0 0 0 70801649 0 2010 true true true true A false false false false 0 0.00670 0.00670 true false false true B false false false false 0 0.00760 0.00760 true false false true A true false false 0 false 0 false false B true false false 0 false 0 false false A true B true 2013 SERIES BOND ISSUANCE PROCEEDS WERE USED TO IMMEDIATELY PAY OFF 0 2008A SERIES BOND. 0 Laurence A Marschall High Comp Employee COMPUTER PURCHASE X 1524 586 false false true Stephen K Cloetingh Board of Trustee GB Great Productions X 190000 195716 false true true Robert N Duelks Board of Trustee GB Great Productions X 50000 51405 false true true Robert Garthwait Jr Board of Trustee GB Great Productions X 50000 51405 false true true 299112 PETER NORTH SPOUSE/OFFICER 179534 EMPLOYEE COMPENSATION false ABIGAIL KALLIN DAUGHTER/OFFICER 32595 EMPLOYEE COMPENSATION false LOANS TO AND/OR FROM INTERESTED PERSONS LOANS TO AND/OR FROM INTERESTED PERSONS, SCHEDULE L, PART II EMPLOYEE COMPUTER PURCHASE PROGRAM: A LOAN IS AVAILABLE TO ELIGIBLE FULL TIME EMPLOYEES FOR THE PURCHASE OF COMPUTER AND RELATED EQUIPMENT. EMPLOYEES REQUESTING TO PARTICIPATE IN THE PROGRAM PROVIDE SUBSTANTIATING DOCUMENTATION OF THE PURCHASE AND SIGN AN AGREEMENT TO REPAY THE LOAN OVER A TWO YEAR PERIOD. GGP PROMISSORY NOTE: GETTYSBURG GREAT PRODUCTIONS (GGP), A DISREGARDED ENTITY OF GETTYSBURG COLLEGE, RECEIVED LOAN PROCEEDS FROM CERTAIN INTERESTED PARTIES TO PARTIALLY FUND A FEATURE LENGTH FILM THAT FURTHER RAISES THE NATIONAL VISIBILITY OF GETTYSBURG COLLEGE. LOANS ACCRUE INTEREST AT THE RATE OF 6% PER ANNUM. PRINCIPAL AND INTEREST ON THESE NOTES ARE PAYABLE FROM AVAILABLE REVENUES GENERATED FROM FILM DISTRUBITION AS DEFINED BY THE PROMISSORY AND SUBORDINATED PROMISSORY NOTE AGREEMENTS. X 3 3 FMV X 148 FMV X 225 4329337 FMV X EVENT EXPENSES 3 4447 FMV X SUPPLIES 6 28 FMV false true true SCHEDULE M, LINE 32B THE COLLEGE USED A THIRD PARTY ATTORNEY, REAL ESTATE AGENT AND SETTLEMENT COMPANY TO FACILITATE THE SALE OF DONATED RESIDENTIAL REAL ESTATE. FORM 990, PART VI, SECTION A, LINE 11A THE FORM 990 IS PREPARED BY GETTYSBURG COLLEGE AND IS REVIEWED BY COLLEGE MANAGEMENT AND AN INDEPENDENT TAX FIRM FOR COMPLETENESS AND ACCURACY. PRIOR TO FILING, FORM 990 IS PROVIDED TO ALL MEMBERS OF THE BOARD OF TRUSTEES VIA THE BOARD PORTAL. IN ADDITION, MANAGEMENT SPECIFICALLY MEETS WITH THE AUDIT COMMITTEE TO REVIEW THE FORM 990 PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE COLLEGE MONITORS AND ENFORCES ITS CONFLICT OF INTERST POLICY THROUGH THE USE OF AN ANNUAL SIGNED STATEMENT FROM TRUSTEES, ADMINISTRATIVE OFFICERS, DEPARTMENT DIRECTORS AND CHAIRPERSONS. BY SIGNING THE CONFLICT OF INTEREST DISCLOSURE STATEMENT, AN INDIVIDUAL CERTIFIES THAT THEY HAVE REVIEWED THE COLLEGE'S CONFLICT OF INTEREST POLICY, ACKNOWLEDGED RESPONSIBILITY TO PLACE THE INTEREST OF THE COLLEGE ABOVE PERSONAL INTEREST IN EXECUTING DUTIES, AND DISCLOSED ANY POSSIBLE PERSONAL, FAMILIAL, AND/OR BUSINESS RELATIONSHIPS THAT REASONABLY COULD GIVE RISE TO A CONFLICT OF INTEREST INVOLVING GETTYSBURG COLLEGE. COMPLETION OF THE FORM IS ALSO ACKNOWLEDGEMENT THAT INDIVIDUALS HAVE A RESPONSIBILITY UNDER THE POLICY TO ADVISE THE BOARD OF ANY SIGNIFICANT CHANGES. TRUSTEES, ADMINISTRATIVE OFFICERS, OR DIRECTORS WHO HAVE A CONFLICT OF INTEREST IN A PROPOSED TRANSACTION ARE REQUIRED TO REFRAIN FROM PARTICIPATING IN CONSIDERATION OF THE TRANSACTION. ADDITIONAL RESTRICTIONS ON TRANSACTIONS BETWEEN THE COLLEGE AND (I) A TRUSTEE, (II) A FAMILY MEMBER OF A TRUSTEE, (III) MEMBER OF THE PRESIDENT'S COUNCIL, (IV) A FAMILY MEMBER OF A MEMBER OF THE PRESIDENT'S COUNCIL, OR (V) ANY ORGANIZATION WITH WHOM ANY OF THE FOREGOING PERSONS HAVE A BUSINESS RELATIONSHIP (COLLECTIVELY A "DISQUALIFIED PARTY") EXIST. AS A GENERAL POLICY, THE COLLEGE SHALL NOT TRANSACT BUSINESS WITH A DISQUALIFIED PARTY, AND NO DISQUALIFIED PARTY SHALL SOLICIT BUSINESS FROM THE COLLEGE IF IT WOULD CREATE A POTENTIAL CONFLICT OF INTEREST. CERTAIN EXCEPTIONS APPLY AS SPECIFIED IN THE POLICY. FORM 990, PART VI, SECTION B, LINE 15 A AND B THE EXECUTIVE COMPENSATION SUB-COMMITEE OF THE BOARD OF TRUSTEES (THE ECSC) IS CHARGED WITH THE RESPONSIBILITY TO REGULARLY REVIEW THE COMPENSATION OF THE PRESIDENT AND TO DECIDE WHETHER ACTION IS REQUIRED TO ADJUST ONE OR MORE COMPONENTS OF THE COMPENSATION PACKAGE. THE ECSC IS FURTHER CHARGED WITH THE RESPONSIBILITY TO BE FULLY INFORMED ABOUT THE COMPENSATION STATUS FOR EACH OF THE OTHER OFFICERS. TO ASSIST IN THE ASSESSMENT OF REASONABLENESS FOR COMPENSATION ADJUSTMENTS FOR THE PRESIDENT AND OTHER OFFICERS, THE ECSC PERIODICALLY RETAINS AN INDEPENDENT COMPENSATION CONSULTANT TO COMPILE A COMPENSATION STUDY WHICH RELIES ON MARKET DATA RELEVANT IN SCOPE AND SCALE TO OPERATING RESPONSIBILITIES WITHIN THE COLLEGE. THE COMPENSATION STUDY, PERFORMANCE REVIEWS AND COMPENSATION PLANS ARE REVIEWED AND ENDORSED DURING AN ECSC MEETING. A SUMMARY OF RECOMMENDATIONS FOR THE PRESIDENT'S COMPENSATION AND AGGREGATE COMPENSATION FOR THE OTHER OFFICERS IS SHARED WITH THE FULL BOARD OF TRUSTEES FOR RATIFICAITON. COMPENSATION DECISIONS ARE REFLECTED IN SALARY LETTERS AND AMENDMENTS TO THE PRESIDENT'S EMPLOYMENT AGREEMENT AS NECESSARY. FORM 990, PART VI, SECTION C, LINE 19 GETTYSBURG COLLEGE MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9 PART XI, LINE 9 - OTHER CHANGES IN NET ASSETS: CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS: $(493,191) POST RETIREMENT RELATED CHANGES: 316,746 CHANGE IN SURRENDER VALUE OF LIFE INSURANCE: 82,916 CHANGE IN NET ASSETS OF RELATED ENTITIES: 89,350 DISREGARDED ENTITY: 424,012 _____________ TOTAL PART XI, LINE 9: $419,833 GETTYSBURG HOTEL MANAGEMENT LLC 300 NORTH WASHINGTON STREET GETTYSBURG PA 17325 412224678 REAL ESTATE PA -285106 2367760 GETTYSBURG C GETTYSBURG GREAT PRODUCTIONS LLC 300 NORTH WASHINGTON STREET GETTYSBURG PA 17325 900845620 FILM PRDN PA 1126533 GETTYSBURG C EMPLOYER-CONTRIBUTION VEBA TRUST 300 NORTH WASHINGTON STREET GETTYSBURG PA 17325 043838440 VEBA TRUST PA 501(C)9 N/A GETTYSBURG C false EMPLOYEE-CONTRIBUTION VEBA TRUST 300 NORTH WASHINGTON STREET GETTYSBURG PA 17325 043838463 VEBA TRUST PA 501(C)9 N/A GETTYSBURG C false GETTYSBURG HOTEL INVESTORS LP ONE LINCOLN SQUARE GETTYSBURG PA 17325 232571553 REAL ESTATE PA SEE PART VII EXCL. UNDER 512(B)13 -285106 4847653 false false BULLET LAND INC 300 NORTH WASHINGTON STREET GETTYSBURG PA 17325 232530522 REAL ESTATE PA GETTYSBURG COL C CORP -233269 316245 1.00000 true MAJESTIC CONCESSIONS CORP 25 N CARLISLE STREET GETTYSBURG PA 17325 753195760 CONCESSIONS PA GETTYSBURG COL C CORP 30093 47294 1.00000 true GETTYSBURG HOTEL INC ONE LINCOLN SQUARE GETTYSBURG PA 17325 232678413 HOTEL SERVICE PA BULLET LAND INC C CORP true CHARITABLE ANNUITY TRUSTS (3) ANNUITY PA NA TRUST CHARITABLE UNITRUSTS (8) ANNUITY PA NA TRUST POOLED INCOME FUND (2) ANNUITY PA NA TRUST false false false true false false false false false false false true false false false false true false true GETTYSBURG HOTEL INVESTORS LP D 2000000 FMV EMPLOYER-CONTRIBUTION VEBA TRUST Q 264053 FMV SCHEDULE R, PART III, COLUMN A, LINE 1 EIN: 23-2571553 SCHEDULE R, PART III, COLUMN D DIRECT CONTROLLING ENTITIES OF GETTYSBURG HOTEL INVESTORS, LP ARE: BULLET LAND, INC. GETTYSBURG HOTEL MANAGEMENT LLC