2013-04-11T07:22:46-05:00 2012-05-31 251408703 SCHNEIDER DOWNS & CO INC 1133 PENN AVENUE PITTSBURGH PA 15222 990 2011-06-01 250965376 GENEVA COLLEGE GENE 7248465100 3200 COLLEGE AVENUE BEAVER FALLS PA 15010 LARRY K GRIFFITH 7248465100 2013-04-08 1 SUSAN M KIRSCH P00341397 4122613644 2011 2016-02-25 16:41:14Z LARRY K GRIFFITH 3200 COLLEGE AVENUE BEAVER FALLS PA 15010 62175459 0 X WWW.GENEVA.EDU X 1848 PA TO GLORIFY GOD BY EDUCATING AND MINISTERING TO A COMMUNITY OF STUDENTS THROUGH BIBLICALLY-BASED PROGRAMS MARKED BY EXCELLENCE AND ANCHORED IN THE HISTORIC, EVANGELICAL AND REFORMED CHRISTIAN FAITH. 20 15 1397 357 41689 -988 3564007 2976218 47835405 47537113 1548685 1616552 74129 -37593 53022226 52092290 13553434 13441122 0 0 21116887 22201696 0 42153 1246429 15815113 15863526 50485434 51548497 2536792 543793 82305109 77575809 23808783 21453302 58496326 56122507 X TO GLORIFY GOD BY EDUCATING AND MINISTERING TO A COMMUNITY OF STUDENTS THROUGH BIBLICALLY-BASED PROGRAMS MARKED BY EXCELLENCE AND ANCHORED IN THE HISTORIC, EVANGELICAL AND REFORMED CHRISTIAN FAITH. 0 0 47162748 13441122 47417927 SEE SCHEDULE O 47162748 1 1 0 1 0 0 0 1 0 1 1 0 0 1 1 1 1 0 1 1 1 0 1 1 0 0 0 0 1 1 1 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 1 0 0 0 0 1 2832 0 1 1397 1 1 1 1 IT 0 0 0 1 1 0 0 0 0 X 20 15 1 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 0 0 PA AK AZ CA FL HI MA ME MD MI NH SC VA WA X STEPHEN ROSS ASSOC VICE PRESIDENT 7248476541 3200 COLLEGE AVE BEAVER FALLS PA 15010 MELVILLE W ADAMS 0.90 X 0 0 0 VIRGINIA H BADGER 0.90 X 0 0 0 ANDREW M BERNARD JR 0.90 X 0 0 0 G REYNOLDS CLARK 0.90 X 0 0 0 KATHARINE L DENNIS 0.90 X 0 0 0 PHILLIP DUGUID 0.90 X 0 0 0 JOHN P EDGAR ESQ 0.90 X 0 0 0 MATTHEW FILBERT 0.90 X 0 55180 0 JOYE H HUSTON 0.90 X 0 0 0 WILLIAM C KRINER ESQ 0.90 X 0 0 0 DONALD W PIPER 0.90 X 0 0 0 CHARLES H POCKRAS 0.90 X 0 0 0 ALAN ROSE 0.90 X 0 0 0 JAMES D ROY 0.90 X 0 0 0 DR SIARHEI SPIRYDOVICH 0.90 X 0 0 0 DR CALVIN L TROUP 0.90 X 0 0 0 KEITH M WING 0.90 X 0 0 0 THOMAS M YANCY 0.90 X 0 0 0 DR WILLIAM J EDGAR 0.90 X X 0 0 0 STEVEN C MCMAHAN 0.90 X X 0 0 0 REV BRUCE R BACKENSTO 0.90 X X 0 2911 0 KENNETH A SMITH 40.00 X 172579 0 48463 KENNETH P CARSON 40.00 X 144911 0 54571 LARRY K GRIFFITH 40.00 X 145601 0 23287 JONATHAN WATT 40.00 X 139707 4158 25182 602798 62249 151503 4 0 1 0 PIONEER COLLEGE CATERERS INC 12351 W 96TH TERRACE SUITE 204-W LENEXA KS 66215 CAMPUS FOOD SERVICE 2192705 BD&E INC 681 ANDERSEN DRIVE PITTSBURGH PA 15220 ADVERTISING AGENCY 578086 ARAMARK FACILITY SERVICES 24818 NETWORK PLACE CHICAGO IL 606731248 PHYSICAL PLANT MNGMNT 424571 JENZABAR 1450 TECHNOLOGY DRIVE HARRISONBURG VA 228022542 SOFTWARE SALES/SERVICE 203914 MCCARTER'S TRANSIT 2569 DARLINGTON ROAD BEAVER FALLS PA 15010 CHARTERED BUS SERVICE 148094 13 2513 892597 2081108 15898 2976218 TUITION AND FEES 900099 39064512 39064512 STUDENT HOUSING 900099 3937257 3900470 36787 FOOD SERVICE 900099 3524423 3524423 STUDENT SRVCS & ACTIV. 900099 919764 919764 CAMPUS STORE 900099 44685 44685 46472 46472 47537113 1212919 1212919 35690 35690 10294779 9891146 403633 403633 403633 2587 2513 2338 249 249 107286 189685 -82399 -82399 CATERING 722320 4902 4902 LIFE INSURANCE COMMISS 900099 3965 3965 8867 52092290 47417927 41689 1656456 13172384 13172384 268738 268738 933254 470547 343904 118803 15788870 14456287 803030 529553 616256 560793 36975 18488 3686967 3355140 221218 110609 1176349 1070478 70581 35290 43137 4068 39069 84049 84049 42153 42153 196560 196560 637171 571863 59169 6139 652712 29173 561459 62080 2379481 2063355 188993 127133 445026 430242 1034 13750 1292455 1250888 25947 15620 1356711 1168800 94647 93264 44635 27249 10847 6539 612332 612332 2700016 2613076 54270 32670 323236 102258 220780 198 OTHER INSTRUCTIONAL 2010161 1966959 41050 2152 FOOD SERVICE 1991453 1991453 MISCELLANEOUS 846862 792427 26165 28270 MEMBERSHIP & DUES 132412 69570 59293 3549 115117 114668 280 169 51548497 47162748 3139320 1246429 10035 9375 6288814 5626862 568322 584988 1026586 689518 2447608 2321094 73726026 38875738 35529802 34850288 29544530 25813366 1345355 2284130 5544057 5396188 82305109 77575809 1954077 1721890 1657984 1278997 16391677 14997082 3805045 3455333 23808783 21453302 X 17954577 17855067 24414873 21622986 16126876 16644454 58496326 56122507 82305109 77575809 X 543793 -2917612 X X 0 1 1 X 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 1 314 0 0 0 0 1 826 1140 0 EXPLANATION OF LOBBYING ACTIVITIES: PART II-B, LINE 1: THE ORGANIZATION IS A MEMBER OF TWO ASSOCIATIONS. A PORTION OF THE DUES PAID IS ALLOCATED TO LOBBYING ACTIVITIES BY THE ASSOCIATIONS. COSTS WERE INCURRED IN CONNECTION WITH DRAFTING, MAILING AND/OR DISTRIBUTION OF CORRESPONDENCE TO BOARD MEMBERS AND LEGISLATORS. X X X 0 33039607 1327280 -1207356 447638 587920 179187 31944786 28217353 890561 5137090 444568 593292 167537 33039607 25341943 702616 3466289 438087 698742 156666 28217353 31809107 1280267 -6421871 1311888 13672 25341943 0.13430 0.52100 0.34470 0 1 1 1980752 1980752 50540683 24017203 26523480 20933305 14858535 6074770 271286 271286 34850288 CASH SURRENDER VALUE OF LIFE INSURANCE 454266 PERPETUAL TRUSTS HELD BY THIRD PARTIES 3411043 BOND ISSUANCE COSTS 106470 OTHER ASSETS 1424409 5396188 ANNUITIES AND LIFE INCOME TRUSTS PAYABLE 1240331 REFUNDABLE FEDERAL STUDENT LOAN FUNDS 1760776 POSTRETIREMENT BENEFIT OBLIGATION 454226 3455333 52092290 51548497 543793 -2920182 2570 -2917612 -2373819 35729019 -2920182 4908 -2915274 38644293 13447997 13447997 52092290 38102838 192023 192023 37910815 13637682 13637682 51548497 PART III, LINE 1A: THE COLLEGE HAS VARIOUS LITERARY, ARCHIVAL AND ARTISTIC COLLECTIONS, WHICH CONSIST OF EVANGELICAL MANUSCRIPTS, PRIVATE PAPERS, RARE BOOKS OF SEVERAL AUTHORS, AND WORKS OF ART. THE COLLECTIONS, WHICH WERE ACQUIRED THROUGH PURCHASES AND CONTRIBUTIONS SINCE THE COLLEGE'S INCEPTION, ARE NOT RECOGNIZED AS ASSETS ON THE STATEMENT OF FINANCIAL POSITION. PURCHASES OF COLLECTION ITEMS ARE RECORDED AS DECREASES IN UNRESTRICTED NET ASSETS IN THE YEAR IN WHICH THE ITEMS ARE ACQUIRED OR AS TEMPORARILY OR PERMANENTLY RESTRICTED NET ASSETS IF THE ASSETS USED TO PURCHASE THE ITEMS ARE RESTRICTED BY DONORS. CONTRIBUTED COLLECTION ITEMS ARE NOT REFLECTED ON THE FINANCIAL STATEMENTS. PROCEEDS FROM DEACCESSIONS OR INSURANCE RECOVERIES ARE REFLECTED AS INCREASES IN THE APPROPRIATE NET ASSET CLASSES. PART III, LINE 4: COLLECTIONS ARE USED FOR EDUCATIONAL PURPOSES WHICH MATCHES OUR EXEMPT PURPOSE. DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: THE COLLEGE'S ENDOWMENT CONSISTS OF VARIOUS INVESTMENT FUNDS ESTABLISHED PRIMARILY FOR SUPPORT OF ITS MISSION. ITS ENDOWMENT INCLUDES BOARD-DESIGNATED AND DONOR-RESTRICTED 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. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: THE COLLEGE IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE OF 1986. ACCORDINGLY, NO PROVISION FOR INCOME TAXES HAS BEEN MADE IN THE ACCOMPANYING FINANCIAL STATEMENTS. HOWEVER, TO THE EXTENT THAT SOME AUXILIARY REVENUES EXCEED EXPENSES, THEY ARE CONSIDERED UNRELATED BUSINESS INCOME AND SUBJECT TO TAXES. THE COLLEGE FOLLOWS THE CODIFICATION TOPIC ON INCOME TAXES. THE TOPIC 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 MAY 31, 2012 AND 2011 DO NOT INCLUDE ANY LIABILITIES ASSOCIATED WITH UNCERTAIN TAX POSITIONS; FURTHER, THE COLLEGE HAS NO UNRECOGNIZED TAX BENEFITS. THE COLLEGE IS NO LONGER SUBJECT TO EXAMINATION OF ITS TAX RETURNS FOR YEARS BEFORE 2009. PART XI, LINE 8 - OTHER ADJUSTMENTS: ACTUARIAL ADJUSTMENT ON ANNUITIES 2,570. PART XII, LINE 2D - OTHER ADJUSTMENTS: ACTUARIAL ADJUSTMENT ON ANNUITIES 2,570. SPECIAL EVENT EXPENSES 2,338. PART XII, LINE 4B - OTHER ADJUSTMENTS: TUITION DISCOUNTS AND FUNDED SCHOLARSHIPS 13,441,122. COST OF GOODS SOLD -189,685. INVESTMENT MANAGEMENT FEES 196,560. PART XIII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 189,685. SPECIAL EVENT EXPENSES 2,338. PART XIII, LINE 4B - OTHER ADJUSTMENTS: TUITION DISCOUNTS AND FUNDED SCHOLARSHIPS 13,441,122. INVESTMENT MANAGEMENT FEES 196,560. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 EXPLANATION OF NONDISCRIMINATORY POLICY PUBLICATION SCHEDULE E, PART I, LINE 3 GENEVA COLLEGE ADMITS STUDENTS OF ANY RACE, COLOR, SEX, RELIGION AND NATIONAL OR ETHNIC ORIGIN TO ALL OF THE RIGHTS AND PRIVILEGES, PROGRAMS AND ACTIVITIES GENERALLY ACCORDED OR MADE AVAILABLE TO STUDENTS AT THE SCHOOL. GENEVA DOES NOT DISCRIMINATE AGAINST STUDENTS ON THE BASIS OF RACE, COLOR, SEX, RELIGION, HANDICAP AND NATIONAL OR ETHNIC ORIGIN IN THE ADMINISTRATION OF ITS EDUCATIONAL POLICIES, ADMISSIONS POLICIES, SCHOLARSHIP AND LOAN PROGRAMS, ATHLETIC ACTIVITIES OR OTHER SCHOOL-ADMINISTERED PROGRAMS. GENEVA COLLEGE DRAWS A MAJORITY OF ITS STUDENTS FROM THE MIDWEST AND NORTHEAST PORTIONS OF THE UNITED STATES. THE COLLEGE FOLLOWS A RACIALLY NONDISCRIMINATORY POLICY IN IT'S RECRUITING OF IT'S STUDENTS. THE COLLEGE ENROLLS STUDENTS OF RACIAL MINORITY GROUPS IN MEANINGFUL NUMBERS. EXPLANATION OF GOVERNMENT FINANCIAL ASSISTANCE SCHEDULE E, PART I, LINE 6 THE COLLEGE RECEIVES AN INSTITUTIONAL ASSISTANCE GRANT BASED ON THE NUMBER OF PENNSYLVANIA STATE GRANT RECIPIENTS FROM THE PENNSYLVANIA HIGHER EDUCATION ASSISTANCE AGENCY. 1 EUROPE (INCLUDING ICELAND & GREENLAND) - 1 2 PROGRAM SERVICES EDUCATION 653335 EUROPE (INCLUDING ICELAND & GREENLAND) - 0 0 GRANTS TO RECIPIENTS LOCATED IN REGION SCHOLARSHIPS 226573 MIDDLE EAST AND NORTH AFRICA - 0 0 GRANTS TO RECIPIENTS LOCATED IN REGION SCHOLARSHIPS 6999 EAST ASIA AND THE PACIFIC - 0 0 GRANTS TO RECIPIENTS LOCATED IN REGION SCHOLARSHIPS 29416 CENTRAL AMERICA AND THE CARIBBEAN - 0 0 GRANTS TO RECIPIENTS LOCATED IN REGION SCHOLARSHIP 5750 MIDDLE EAST AND NORTH AFRICA - 0 0 PROGRAM SERVICES EDUCATION 7935 SOUTH AMERICA 0 0 PROGRAM SERVICES EDUCATION 25123 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 PROGRAM SERVICES EDUCATION 40000 CENTRAL AMERICA AND THE CARIBBEAN 0 0 FOREIGN INVESTMENTS 1823755 1 2 0 0 1 2 995131 1823755 2818886 SCHOLARSHIPS EUROPE (INCLUDING ICELAND & GREENLAND) - 38 226573 POSTING TO STUDENT'S ACCOUNT N/A N/A SCHOLARSHIPS MIDDLE EAST AND NORTH AFRICA - 1 6999 POSTING TO STUDENT'S ACCOUNT N/A N/A SCHOLARSHIPS EAST ASIA AND THE PACIFIC - 7 29416 POSTING TO STUDENT'S ACCOUNT N/A N/A SCHOLARSHIPS CENTRAL AMERICA AND THE CARIBBEAN - 2 5750 POSTING TO STUDENT'S ACCOUNT N/A N/A 1 0 1 1 0 0 PROCEDURE FOR MONITORING GRANTS OUTSIDE THE U.S.: SCHEDULE F, PART I, LINE 2: ON A SEMIMONTHLY BASIS THE ROME SITE DIRECTOR SUBMITS A BUSINESS ACTIVITY REPORT AND A COPY OF ALL RECEIPTS. THE BUSINESS ACTIVITY REPORT DETAILS THE AMOUNT, DESCRIPTION OF THE TRANSACTION AS WELL AS THE ACCOUNT THAT SHOULD BE CHARGED FOR THE TRANSACTION. THE SITE DIRECTOR ALSO SENDS A MONTHLY BANK STATEMENT SO THAT ALL BANKING TRANSACTIONS ARE PROPERLY CAPTURED ON GENEVA'S GENERAL LEDGER AND REVIEWED FOR APPROPRIATENESS. WITH RESPECT TO GENEVA STUDENTS STUDYING OUTSIDE THE U.S., THE REPORTABLE AID IS CREDITED TO STUDENT'S ACCOUNTS BY THE COLLEGE. STUDENTS RECEIVING SCHOLARSHIPS AND FELLOWSHIPS ARE JUDGED WORTHY BY THE INSTITUTION'S ASSESSMENT ON THE BASIS OF ACADEMIC ACHIEVEMENTS, FINANCIAL NEED AND OTHER SIMILAR STANDARDS. X X X X X X 1 MARTS & LUNDY 1200 WALL STREET WEST LYNDHURST NJ 07071 FEASIBILITY STUDY TO RAISE FUNDS & IDENTIFYING PROSP. DONORS 0 0 42153 0 42153 AL AK AZ AR CA CO CT DE DC FL GA HI IL IN IA KS KY LA ME MD MA MI MN MS MO NV NH NJ NM NY NC ND OH OK OR PA RI SC TN TX UT VT VA WA WV WI 1 STUDENT SCHOLARSHIPS/FINANCIAL AID 1533 13172384 N/A N/A PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, PART I, LINE 2: GENEVA COLLEGE AWARDS GRANTS BASED UPON THE FOLLOWING: STUDENTS RECEIVING SCHOLARSHIPS AND FELLOWSHIPS ARE JUDGED WORTHY BY THE INSTITUTION'S ASSESSMENT ON THE BASIS OF ACADEMIC ACHIEVEMENTS, FINANCIAL NEED AND OTHER SIMILAR STANDARDS. X X 1 1 X X X 0 0 0 0 0 0 0 0 0 KENNETH A SMITH 169279 0 0 0 3300 0 8622 0 39841 0 221042 0 0 0 KENNETH P CARSON 144911 0 0 0 0 0 7438 0 47133 0 199482 0 0 0 LARRY K GRIFFITH 145601 0 0 0 0 0 7439 0 15848 0 168888 0 0 0 JONATHAN WATT 139707 4020 0 0 0 138 3130 0 17432 0 160269 4158 0 0 PENNSYLVANIA HIGHER EDUCATIONAL FACILITIES AUTHORITY 232243852 2007-08-16 20052000 EQUIPMENT & CAPITAL PROJECTS, REFUNDING 0 0 0 20052000 17897024 154976 1989264 10736 2023 0 1 0 1 0 0 0 0 0.00000 0.00000 0.00000 0 0 0 0 0 0 0 ENROLLED STUDENTS CHILDREN AND GRANDCHILDREN OF 3 BOARD MEMBERS 56330 SEE SCH.L, PART V- FINANCIAL AID JERRYN CARSON FAMILY MEMBER OF KENNETH P. CARSON, PROVOST OF GENEVA COLLEGE. 38160 COMPENSATION 0 REBECCA J PHILLIPS FAMILY MEMBER OF KENNETH P. CARSON, PROVOST OF GENEVA COLLEGE. 41501 COMPENSATION 0 PROGRAM SERVICE STATEMENT FORM 990, PART III, LINE 4A, PROGRAM SERVICE ACCOMPLISHMENTS: EDUCATION - GENEVA COLLEGE IS AN ACADEMICALLY RIGOROUS, CHRIST-CENTERED COLLEGE OF ARTS, SCIENCES AND PROFESSIONAL STUDIES. THE COLLEGE ENROLLS STUDENTS FROM NINE NATIONS, 35 STATES AND OVER 60 DENOMINATIONS. THE COLLEGE IS A NONPROFIT INSTITUTION ESTABLISHED IN 1848, LOCATED IN BEAVER FALLS, PA AND RELATED TO THE REFORMED PRESBYTERIAN CHURCH OF NORTH AMERICA (RPCNA). A FOUNDING MEMBER OF THE COUNCIL FOR CHRISTIAN COLLEGES & UNIVERSITIES (CCCU), THE COLLEGE CHALLENGES STUDENTS TO SERVE GOD IN ALL AREAS OF SOCIETY: WORK, FAMILY AND THE CHURCH. THE FULL AND PART TIME STUDENT ENROLLMENT WAS: SUMMER 2011 FALL 2011 SPRING 2012 FULL TIME: 324 1,741 1,652 PART TIME: 262 249 276 TOTAL: 586 1,990 1,928 FORM 990, PART VI, SECTION A, LINE 2 -FAMILY RELATIONSHIP: JOHN P. EDGAR ESQ. AND DR. WILLIAM J. EDGAR FORM 990, PART VI, SECTION A, LINE 6 GENEVA COLLEGE IS RELATED TO THE REFORMED PRESBYTERIAN CHURCH OF NORTH AMERICA (RPCNA). THE RPCNA ELECTS A BOARD OF CORPORATORS, AND ONE OF THE ROLES OF THE BOARD OF CORPORATORS IS TO ELECT THE BOARD OF TRUSTEES AND PRESIDENT OF THE COLLEGE. THE BOARD OF TRUSTEES OF GENEVA COLLEGE MAY NOMINATE ITS OWN MEMBERS, BUT THE BOARD OF CORPORATORS HAS "VETO AUTHORITY" OVER THE ELECTION OF BOARD OF TRUSTEE MEMBERS. SIX TRUSTEES SHALL SERVE AS BOTH CORPORATORS AND TRUSTEES CONCURRENTLY. AT LEAST 11 OF THE 21 MEMBERS OF THE BOARD OF TRUSTEES MUST COME FROM THE MEMBERSHIP OF THE RPCNA. FORM 990, PART VI, SECTION A, LINE 7A GENEVA COLLEGE IS RELATED TO THE REFORMED PRESBYTERIAN CHURCH OF NORTH AMERICA (RPCNA). THE RPCNA ELECTS A BOARD OF CORPORATORS, AND ONE OF THE ROLES OF THE BOARD OF CORPORATORS IS TO ELECT THE BOARD OF TRUSTEES AND PRESIDENT OF GENEVA COLLEGE. THE BOARD OF TRUSTEES OF GENEVA COLLEGE NOMINATES ITS OWN MEMBERS, BUT THE BOARD OF CORPORATORS OF THE RPCNA VOTES TO APPROVE OR DISAPPROVE THESE NOMINATIONS. A FEW BOARD OF CORPORATORS ARE ALSO MEMBERS OF THE BOARD OF TRUSTEES OF GENEVA COLLEGE. FORM 990, PART VI, SECTION A, LINE 7B GENEVA COLLEGE IS A CHRISTIAN INSTITUTION OF HIGHER EDUCATION OPERATED BY A BOARD OF TRUSTEES, BUT GOVERNED BY A BOARD OF CORPORATORS. THE BOARD OF CORPORATORS HAS THE POWER TO ORDAIN AND ESTABLISH BYLAWS FOR THE REGULATION AND GOVERNMENT OF THE BUSINESS AND AFFAIRS OF THIS CORPORATION; SUBORDINATED, HOWEVER, TO THE ARTICLES OF INCORPORATION, THE CONSTITUTION AND LAW OF THE COMMONWEALTH OF PENNSYLVANIA, THE CONSTITUTION AND LAWS OF THE UNITED STATES OF AMERICA AND THE CONSTITUTION AND LAWS OF THE REFORMED PRESBYTERIAN CHURCH OF NORTH AMERICA. THE ELECTION OF THE PRESIDENT SHALL REQUIRE THE VOTES OF A MAJORITY OF THE MEMBERS OF THE BOARD OF TRUSTEES AND SHALL BE SUBJECT TO THE APPROVAL OF A MAJORITY OF THE BOARD OF CORPORATORS. UNLESS A MAJORITY OF THE BOARD OF CORPORATORS SHALL DISAPPROVE OF SUCH ELECTION BY FORMAL ACTION TAKEN WITHIN 30 DAYS OF THE DATE OF WRITTEN NOTIFICATION OF THE ACTION BY THE BOARD OF TRUSTEES, IT SHALL BE CONCLUSIVELY PRESUMED THAT THE ELECTION HAS BEEN APPROVED. THE PRESIDENT SHALL SERVE AT THE PLEASURE OF THE BOARD OF TRUSTEES AND SHALL RECEIVE SUCH COMPENSATION AS THE BOARD OF TRUSTEES PRESCRIBES. FORM 990, PART VI, SECTION B, LINE 11 THE FORM 990 IS REVIEWED BY THE CONTROLLER, AND EXECUTIVE VICE PRESIDENT. THE FORM 990 IS ALSO REVIEWED, DISCUSSED AND APPROVED BY THE BUSINESS COMMITTEE OF THE BOARD OF TRUSTEES. THE FORM 990 WILL BE MADE AVAILABLE TO ALL OF THE BOARD OF TRUSTEES PRIOR TO FILING WITH THE INTERNAL REVENUE SERVICE VIA THE WEB AND/OR A COPY WILL BE MAILED ELECTRONICALLY TO EACH MEMBER. FORM 990, PART VI, SECTION B, LINE 12C THE ADMINISTRATIVE ASSISTANT OF THE PRESIDENT COLLECTS AND REVIEWS ALL OF THE CONFLICT OF INTEREST STATEMENTS COMPLETED BY THE BOARD OF TRUSTEES AND MAINTAINS A CHECKLIST TO ENSURE THAT SHE RECEIVES ALL OF THEM. SHE THEN DOCUMENTS ANY DISCLOSURES MADE AND FORWARDS THIS DOCUMENT TO THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES FOR THEIR REVIEW. FORM 990, PART VI, SECTION B, LINE 15A PRESIDENT/CEO - THE COMMITTEE ESTABLISHED A COMPENSATION TARGET OF THE 60TH PERCENTILE OF CCCU SCHOOLS FOR THE PRESIDENT AFTER REVIEWING DATA PROVIDED BY THE COLLEGE'S COMPENSATION CONSULTANT. THE PRESIDENT'S PERFORMANCE AND THE COLLEGE'S FINANCIAL POSITION WERE ALL FACTORED INTO THE COMMITTEE'S RECOMMENDATION TO THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES. THE EXECUTIVE COMMITTEE AND BOARD OF TRUSTEES APPROVED THE PRESIDENT'S COMPENSATION PACKAGE EFFECTIVE DECEMBER, 2011. BOARD MINUTES REFLECT THE BOARD'S ACTION. -TOP MGMT/OTHER OFFICERS/KEY EMPLOYEES - FOR THE EXECUTIVE VICE PRESIDENT AND THE PROVOST POSITIONS, THE DIRECTOR OF HUMAN RESOURCES PROVIDES COMPENSATION DATA TO THE PRESIDENT ON THE RELATIVE PLACE OF EACH POSITION WITHIN ITS PAY RANGE. PAY RANGES ARE ESTABLISHED BASED ON BENCHMARKS TO SURVEY DATA USING THE 60TH PERCENTILE OF CCCU SCHOOLS REPORTED IN THE SURVEY. THE DIRECTOR OF HUMAN RESOURCES PARTICIPATES IN AND HAS ACCESS TO A COMPENSATION SURVEY WITH OTHER CHRISTIAN COLLEGES THROUGH CUPA-HR'S DATA ON DEMAND FEATURE. THE BENCHMARK CHOSEN IS THE 60TH PERCENTILE OF CCCU SCHOOLS. THE PRESIDENT CONSIDERS THE PREVIOUS YEAR'S PERFORMANCE AND GOAL ATTAINMENT IN MAKING COMPENSATION ADJUSTMENTS (USING A SIMILAR RAISE MATRIX USED FOR OTHER STAFF EMPLOYEE WHICH ESTABLISHES A GENERAL RAISE RANGE PARAMETER BASED ON PERFORMANCE RATING AND PAY RANGE PENETRATION). HE ALSO CONSIDERS THE RESPONSIBILITIES AND PROJECTS ACCOMPLISHED AND NEW DUTIES ASSUMED IN THE PREVIOUS YEAR. THE PRESIDENT INFORMS THE DIRECTOR OF HUMAN RESOURCES OF THE APPROPRIATE CHANGES TO EXECUTIVE COMPENSATION. THE PRESIDENT MAY ALSO DIRECT THE DIRECTOR OF HUMAN RESOURCES TO PAY RELATIVELY SMALL PERFORMANCE BONUSES FROM TIME TO TIME. FOR POSITIONS SUCH AS DEANS AND ASSOCIATE VICE PRESIDENTS FOR THE FUNCTIONAL AREAS OF THE COLLEGE, THE PROCESS FOR ESTABLISHING PAY (AND PAY INCREASES) IS THE SAME AS ABOVE EXCEPT THAT THE DECISION MAKERS FOR THESE POSITIONS REST WITH THEIR RESPECTIVE SUPERVISOR, EITHER THE PROVOST OR THE EXECUTIVE VICE PRESIDENT. FORM 990, PART VI, SECTION C, LINE 19 GENEVA COLLEGE MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY STATEMENT AND FINANCIAL STATEMENTS AVAILABLE FOR PUBLIC INSPECTION UPON REQUEST AND THROUGH ITS OWN WEBSITE. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED LOSSES ON INVESTMENTS: -2,920,182. ACTUARIAL ADJUSTMENT ON ANNUITIES 2,570. TOTAL TO FORM 990, PART XI, LINE 5: -2,917,612. FORM 990, PART XI, QUESTION 2, OVERSIGHT OF FINANCIAL STATEMENT AUDIT: THE COLLEGE'S FINANCIAL STATEMENTS ARE AUDITED BY AN INDEPENDENT ACCOUNTING FIRM. IN ADDITION, THE ORGANIZATION HAS A COMMITTEE THAT ASSUMES THE RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND ITS SELECTION OF THE INDEPENDENT ACCOUNTANT. THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. REFORMED PRESBYTERIAN CHURCH OF NORTH AMERICA 7418 PENN AVENUE PITTSBURGH PA 15208 250987250 A CHURCH SPREADING THE GOSPEL OF JESUS CHRIST & DISCIPLING BELIEVERS. PA 501(C)(3) 170(B)(1)(A)(I) N/A 0 DOLLENA K DRANE TRUST 3200 COLLEGE AVENUE BEAVER FALLS PA 15010 256837004 PHILANTHROPY PA N/A T 56516 1085693 1.00000 CHARITABLE REMAINDER UNITRUST (7) PA T 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1