2013-05-13T07:10:42-05:00 2012-06-30 KPMG LLP 1676 International Drive McLean VA 22102 990 2011-07-01 231352635 FRANKLIN & MARSHALL COLLEGE % KATHRYN ELLIEHAUSEN-SLOBOZIE FRAN 7172913925 PO BOX 3003 LANCASTER PA 176043003 DAVID PROULX 7173584756 2013-05-10 true 7032868000 2011 2016-02-24 21:20:13Z DANIEL R PORTERFIELD PHD PO BOX 3003 LANCASTER PA 176043003 264959339 false X WWW.FANDM.EDU X 1787 PA FRANKLIN & MARSHALL COLLEGE IS A RESIDENTIAL COLLEGE DEDICATED TO EXCELLENCE IN UNDERGRADUATE LIBERAL ARTS EDUCATION. (SEE FULL MISSION STATEMENT ATTACHED ON SCHEDULE O.) 38 37 2490 1753 386705 0 16542184 17798883 119430756 126494703 16999601 15217562 1873412 2431430 154845953 161942578 29294980 32157189 0 0 65940812 66939729 0 0 5787710 49501162 53283840 144736954 152380758 10108999 9561820 652912539 644458185 173760847 175068603 479151692 469389582 X FRANKLIN & MARSHALL COLLEGE IS A RESIDENTIAL COLLEGE DEDICATED TO EXCELLENCE IN UNDERGRADUATE LIBERAL ARTS EDUCATION. (SEE FULL MISSION STATEMENT ATTACHED ON SCHEDULE O.) false false 43313027 30317 104343976 Instruction. THE COLLEGE GRANTS BACHELOR OF ARTS DEGREES . TOTAL FULL-TIME EQUIVALENT UNDERGRADUATE ENROLLMENT OF THE COLLEGE WAS APPROXIMATELY 2,339 STUDENTS. 544 STUDENTS GRADUATED IN MAY 2012. 32714987 31641903 83218 FINANCIAL AID. APPROXIMATELY 58% OF STUDENTS RECEIVED SOME FORM OF FINANCIAL AID DURING THE 2011-2012 SCHOOL YEAR. 16320590 152567 9305 STUDENT SERVICES. THE COLLEGE PROVIDES SERVICES SUCH AS AN INFIRMARY, COUNSELING, CAREER SERVICES, AND STUDENT ACTIVITIES TO EACH STUDENT. 25299268 332402 22442307 117647872 true true false false false false false true true true true true false false true true false true true false true true true false false false false true true true true false false false false false true true false false false true true false false false true true true false false true 602 0 true 2490 true true true true UK false false false false false false false false X 38 37 true false false false false false false true true false false true true true true true true true true true false CA PA X KATHRYN ELLIEHAUSEN-SLOBOZIE 7172914215 FRANKLIN MARSHALL COLLEGE LANCASTER PA 17603 X REED D AUERBACH 2.0 X 0 0 0 THOMAS E BEEMAN 2.0 X 0 0 0 LAWRENCE I BONCHEK 14.0 X X 0 0 0 STANLEY M BRAND ESQ 3.0 X 0 0 0 ROBERT J BROOKS SR 3.0 X 0 0 0 JOHN F BURNESS 3.0 X 127212 0 23335 DANIEL B BURTON 4.0 X X 0 0 0 ROBERT D CARL III 2.0 X 0 0 0 ROBERT L FREEDMAN 2.0 X 0 0 0 RICHARD M FULLER 2.0 X 103750 0 0 WILLIAM H GRAY III 2.0 X 0 0 0 BRIAN HARD 3.0 X 0 0 0 PATRICIA E HARRIS 2.0 X 0 0 0 BRETT S HARWOOD 2.0 X 0 0 0 SUSAN K KLEHR 3.0 X 0 0 0 ANTHONY I KREISEL 3.0 X 0 0 0 BARRY S LAFER ESQ 2.0 X 0 0 0 STANLEY L LEVIN 3.0 X 0 0 0 DOUGLAS J MCCORMACK ESQ 3.0 X 0 0 0 KENNETH B MEHLMAN 2.0 X 0 0 0 ERIC W NOLL 2.0 X 0 0 0 RAYMOND A SANSEVERINO ESQ 2.0 X 0 0 0 LAURENCE A SHADEK 2.0 X 0 0 0 HENRY B DUP SMITH 3.0 X 0 0 0 ROBERT H SMITH 2.0 X 0 0 0 WILEY W SOUBA MD 2.0 X 0 0 0 ANDREW P STEFFAN 4.0 X X 0 0 0 H ART TAYLOR ESQ 2.0 X 0 0 0 SUSAN L WASHBURN 4.0 X X 0 0 0 COLLEEN R WEIS 2.0 X 0 0 0 BENJAMIN J WINTER 4.0 X X 0 0 0 FRANCES D WOLF 3.0 X 0 0 0 LINDA YARDEN 2.0 X 0 0 0 DOUGLAS H EVANS ESQ 2.0 X 0 0 0 ERIC C RACKOW 2.0 X 0 0 0 JOHN L ROSENTHAL 2.0 X 0 0 0 DANIEL R PORTERFIELD 60.0 X X 411697 0 119017 Beverly R Steinman 2.0 X 0 0 0 KEITH ORRIS 60.0 X 183388 0 52754 LEWIS E THAYNE 60.0 X 263301 0 69381 ANN STEINER 60.0 X 227820 0 91458 KENT TRACHTE 60.0 X 204272 0 42935 THOMAS J KINGSTON JR 60.0 X 163492 0 665 J SAMUEL HOUSER 60.0 X 127277 0 27041 DANIEL G LUGO 60.0 X 103766 0 21634 DAVID PROULX 60.0 X 23593 0 2765 RICHARD A FLUCK 40.0 X 192849 0 22027 STANLEY A MERTZMAN 40.0 X 160739 0 31548 CLAUDE YODER 40.0 X 146615 0 33347 D GRIER STEPHENSON 40.0 X 160546 0 39389 ALAN CANIGLIA 40.0 X 148793 0 48856 HELEN Y BOWMAN 60.0 X 114953 0 26534 NANCY COLLINS 60.0 X 177628 0 42067 JOHN A FRY 60.0 X 113433 0 0 3155124 0 694753 81 true true false WOHLSENTURNER CONSTRUCTION COMPANY 1835 MARKET ST 21ST FL PHILADELPHIA PA 19103 GEN MGR-CONSTRUCTION 6127139 SODEXO INC AND AFFILIATES 4880 PAYSHERE CIRCLE CHICAGO IL 60674 FOOD SVCS MGMT 5914934 WOHLSEN CONSTRUCTION COMPANY 548 STEEL WAYPO BOX 7066 LANCASTER PA 176047066 GEN MGR-CONSTRUCTION 2304770 JAMES STREET HOUSING LP 595 EAST LANCASTER AVENUE 203 ST DAVIDS PA 19087 HOUSING RENTAL 1795546 ARAMARK 135 NEW ROAD PO BOX 33170 NEWARK NJ 07188 JANITORIAL SVCS 1672962 37 2206491 15592392 2074066 17798883 TUITION AND FEES 900099 104343976 104343976 AUXILIARY OPERATIONS 721310 22066829 21296511 386705 383613 COMPUTER STORE 900099 680 680 STUDENT LOAN INCOME 900099 83218 83218 126494703 5106910 5106910 0 0 185693 70027 115666 115666 115666 113057386 102946734 10110652 10110652 10110652 0 0 0 PROJECT REIMBURSEMENTS 900099 161589 161589 RESEARCH 900099 626620 626620 MISCELLANEOUS 900099 751468 751468 776087 222514 553573 2315764 161942578 126107808 386705 17649182 275408 275408 26633143 26633143 5248638 5248638 0 2474528 575242 1421675 477611 0 43525282 33978688 7294345 2252249 4690010 3568981 872838 248191 12980377 10846730 1294461 839186 3269532 2363864 725268 180400 0 405756 49323 356433 98656 98656 0 0 635906 635906 12260801 6780473 5028038 452290 64855 49339 15516 3778788 2423362 992943 362483 1860563 502054 1275913 82596 0 5845453 3052863 2789290 3300 3021967 2541273 274304 206390 0 220709 151230 65793 3686 6398283 4296829 2095786 5668 0 7590624 5993371 1166493 430760 489463 231233 258230 EQUIPMENT & BOOKS 3268001 2936931 260116 70954 OFF CAMPUS PROGRAMS 2845043 2845043 REPAIRS & EQUIPMENT MAINT 1781134 763652 1017482 FOOD 517740 380975 35177 101588 2200098 1159227 970513 70358 152380758 117647872 28945176 5787710 97322 95501 23848012 3824235 23288252 25014968 2583919 2731322 0 45500 0 0 0 0 0 0 1957464 1351208 301746994 75895023 226296049 225851971 125144249 156419823 230968626 208888228 15254936 15360731 0 0 3473710 4874698 652912539 644458185 6398175 5643212 0 0 12319758 12028393 102660211 98631641 3534538 3684955 0 0 0 0 0 0 48848165 55080402 173760847 175068603 X 254857227 252704257 128992022 119104740 95302443 97580585 479151692 469389582 652912539 644458185 X 9561820 -19323930 X false true true X true true X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X X false false true 270079122 3438169 -5320904 13008640 721680 830300 253635767 235435090 2599447 47250523 4008962 9943305 1253671 270079122 218624340 9166653 24698126 4237472 11710606 1105951 235435090 298851446 1213383 -63623736 4525919 12139342 1151492 218624340 0.40000 0.28000 0.32000 false false 19652 13085789 13105441 1143425 234748055 47132694 188758786 46557325 27556138 19001187 6192748 1206191 4986557 225851971 GLOBAL EQUITY 123889293 F GLOBAL FIXED INCOME 20586367 F DIVERSIFYING STRATEGIES 25536006 F REAL ASSETS 26294717 F BENEFICIAL INTEREST IN PERP 12581845 F 208888228 0 POSTRETIREMENT BENEFIT OBLIGAT 25961845 ANNUITY OBLIGATIONS 13256161 GRANTOR TRUST LIABILITY ACCRUAL 8500000 FIN 47 OBLIGATION 7006156 PURCHASE COMMITMENT 348740 MORTGAGE GUARANTEE 7500 55080402 PART III, LINE 1A - TERMS FOR NOT REPORTING ASSETS PER SFAS 116 Collection items consists of artworks, rare books and other objects that have come to the College and Millport Conservancy principally through gifts, although some were purchased and certain of the collections were received in trust. The collection is held for public exhibition and education and is protected, kept unencumbered, cared for and preserved. Each of the items is catalogued, and activities verifying their existence and assessing their condition are performed continuously. The collections' insurance-appraised value is approximately $7,846,000 (Note: the value is $7,207,000 for the College alone). The collections are not recognized as assets in the consolidated statement of financial position as permitted by GAAP. Purchases of collection items are recorded as decreases in unrestricted net assets in the year in which the items are acquired, or as reductions in temporarily or permanently restricted net assets if the assets used to purchase the items are restricted by donors. Proceeds from deaccessions are reflected as increases in the appropriate net asset classes. During fiscal year 2011, a collection of bronze figures were deaccessioned and sold. The bronzes had no donor restrictions associated with the proceeds, and therefore are reflected as an increase in unrestricted net assets on the statement of activities. No other collection items were deaccessioned during 2012 or 2011. The change in net assets related to collection items on the statements of activities represents proceeds for the sale of collection items of $138,000 less purchases of $42,000 for the year ended June 30, 2011. Part III, Line 4 - Collections and Relation to Exempt Purpose The College's collections contain regional and international works of art, rare books, cultural objects, and historical objects. They advance the instructional, academic support, and public service purposes of the College by exhibition and use by faculty, students, and the community, via local and online access. PART IV, LINE 2B - ESCROW LIABILITY ARRANGEMENT EXPLANATION These funds are deposits held in custody for others, Franklin & Marshall College acting as agent. PART V, LINE 4 - INTENDED USES FOR ENDOWMENT FUNDS Of the total Endowment, 28% is intended for student aid, 21% for general unrestricted purposes, 17% for operations and maintenance, 15% for instruction, and the remainder for miscellaneous restricted purposes. PART X, LINE 2 - TEXT OF FIN 48 (ASC 740) FOOTNOTE The College accounts for uncertain tax positions, if any, in accordance with ASC 740, income taxes. The College does not believe that there are any unrecognized tax benefits or cost that should be recorded. true true true true true true true false false false false false false false false true false true PART I LINE 3 - RACIALLY NONDISCRIMINATORY POLICY The College complies with Section 4.03 because a) students are drawn from a large geographic area, and b) the College complies with Section 4.02 requirements. LINE 6A - FINANCIAL AID OR ASSISTANCE FROM A GOVERNMENT AGENCY The Commonwealth of Pennsylvania annually provides an institutional assistance grant to those institutions that do not receive funding from the state via budget appropriation. This grant is based on the total number of students receiving state higher education grants. true Central America and the Caribbean 0 0 Program Services CONF/RESEARCH/TRAVEL 21915 East Asia and the Pacific 0 0 Program Services CONF/RESEARCH/TRAVEL 191783 Europe (Including Iceland and Greenland) 0 0 Program Services CONF/RESEARCH/TRAVEL 247406 Middle East and North Africa 0 0 Program Services CONF/RESEARCH/TRAVEL 9767 North America 0 0 Program Services CONF/RESEARCH/TRAVEL 22354 South Asia 0 0 Program Services CONF/RESEARCH/TRAVEL 16723 South America 0 0 Program Services CONF/RESEARCH/TRAVEL 41635 Sub-Saharan Africa 0 0 Program Services CONF/RESEARCH/TRAVEL 57311 Central America and the Caribbean 0 0 Program Services STUDY ABROAD 14634 East Asia and the Pacific 0 0 Program Services STUDY ABROAD 236281 Europe (Including Iceland and Greenland) 0 0 Program Services STUDY ABROAD 1838373 Middle East and North Africa 0 0 Program Services STUDY ABROAD 24780 North America 0 0 Program Services STUDY ABROAD 1055 South America 0 0 Program Services STUDY ABROAD 6937 South Asia 0 0 Program Services STUDY ABROAD 11900 Sub-Saharan Africa 0 0 Program Services STUDY ABROAD 140823 Central America and the Caribbean 0 0 Investments 117665000 Europe (Including Iceland and Greenland) 0 0 Investments 59000 Central America and the Caribbean 0 0 Grantmaking 177309 East Asia and the Pacific 0 0 Grantmaking 1936655 Europe (Including Iceland and Greenland) 0 0 Grantmaking 753203 Middle East and North Africa 0 0 Grantmaking 104539 Russia and the Newly Independent States 0 0 Grantmaking 168600 South America 0 0 Grantmaking 266899 South Asia 0 0 Grantmaking 1073580 Sub-Saharan Africa 0 0 Grantmaking 767853 0 0 0 0 0 0 120548677 5307638 125858315 X STUDENT SCHOLARSHIPS Cent. America/Caribbean 4 168309 TUITION RDCT BOOK STUDENT SCHOLARSHIPS East Asia/Pacific 66 1741841 TUITION RDCT BOOK STUDENT SCHOLARSHIPS Europe/Iceland/Greenland 19 673409 TUITION RDCT BOOK STUDENT SCHOLARSHIPS Middle East/North Africa 2 98894 TUITION RDCT BOOK STUDENT SCHOLARSHIPS Russia 4 159600 TUITION RDCT BOOK STUDENT SCHOLARSHIPS South America 6 236749 TUITION RDCT BOOK STUDENT SCHOLARSHIPS South Asia 27 996830 TUITION RDCT BOOK STUDENT SCHOLARSHIPS Sub-Saharan Africa 18 714680 TUITION RDCT BOOK STUDENT LOANS Cent. America/Caribbean 4 9000 TUITION RDCT BOOK STUDENT LOANS East Asia/Pacific 68 184750 TUITION RDCT BOOK STUDENT LOANS Europe/Iceland/Greenland 19 57886 TUITION RDCT BOOK STUDENT LOANS Middle East/North Africa 2 3000 TUITION RDCT BOOK STUDENT LOANS Russia 4 9000 TUITION RDCT BOOK STUDENT LOANS South America 6 19500 TUITION RDCT BOOK STUDENT LOANS South Asia 27 76750 TUITION RDCT BOOK STUDENT LOANS Sub-Saharan Africa 16 46250 TUITION RDCT BOOK STUDENT RESEARCH AND TRAVEL GRANTS East Asia/Pacific 4 10064 CHECKS COST STUDENT RESEARCH AND TRAVEL GRANTS Europe/Iceland/Greenland 12 13908 CHECKS 8000 vendor pmt COST STUDENT RESEARCH AND TRAVEL GRANTS Middle East/North Africa 2 2645 CHECKS COST STUDENT RESEARCH AND TRAVEL GRANTS South America 6 10650 CHECKS COST STUDENT RESEARCH AND TRAVEL GRANTS Sub-Saharan Africa 5 8923 CHECKS -2000 vendor pmt COST true false true true false false Part 1, Line 2 PROCEDURES FOR MONITORING THE USE OF GRANT FUNDS STUDENT SCHOLARSHIPS AND LOANS ARE APPLIED DIRECTLY TO STUDENT ACCOUNTS. TRAVEL AND STUDENT RESEARCH GRANTS REQUIRE SUBSTANTIATION. SCHEDULE F, PART I, LINE 3 ACTIVITIES PER REGION RESEARCH/TRAVEL EXPENDITURES IN THE AMOUNT OF $2,000 WERE INCURRED FOR A GEOLOGICAL FIELD TRIP TO THE ANTARCTIC COAST. SCHEDULE F, PART I, LINE 3, COLUMN F TOTAL EXPENDITURES FOR REGION EXPENDITURES ARE REPORTED BASED ON THE COLLEGE'S ACCRUAL METHOD OF ACCOUNTING. SCHEDULE F, PARTS II & III METHOD OF ACCOUNTING EXPENDITURES ARE REPORTED BASED ON THE COLLEGE'S ACCRUAL METHOD OF ACCOUNTING. SCHEDULE F, PART III, COLUMN C NUMBER OF RECIPIENTS THE NUMBER OF RECIPIENTS FOR STUDENT SCHOLARSHIPS AND STUDENT LOANS IS BASED ON FINANCIAL AID RECORDS OF RECIPIENTS. THE NUMBER OF RECIPIENTS FOR STUDENT RESEARCH AND TRAVEL GRANTS IS ESTIMATED BASED ON THE NUMBER OF PAYEES (CASH GRANTS) AND/OR THE NUMBER OF RESEARCH PROJECTS FUNDED (CASH AND NONCASH GRANTS). true FULTON THEATRE PO BOX 1865 LANCASTER PA 176081865 231631733 501(C)(3) 12500 BOOK STAGE PRODUCTION LANCASTERARTS 202 N PRINCE ST LANCASTER PA 17603 261313073 501(C)(3) 20000 BOOK GENERAL SUPPORT WWII Foundation 333 White Horn Drive Kingston RI 02881 274793304 501(c)(3) 25000 Book Richard Winers Leadership Project Tabor Community Service PO Box 1676 Lancaster PA 176081676 231731792 501(c)(3) 10000 Book Eastern Market Plaza Artwork Project BICKSLER-MUHLENBERG ASSOCIATES (JSID) 354 N PRINCE ST LANCASTER PA 17603 710927742 501(C)(3) 150000 BOOK GENERAL SUPPORT LANC CO CAREER & TECH CTR 1730 Hans Herr Dr WILLOW STREET PA 17584 231740421 PA Muni Auth 27007 BOOK CHOICE PLUS PROGRAM 6 0 PRIZES AND AWARDS 357 147263 31903 COST NONCASH PRIZES STUDENT RESEARCH AND TRAVEL GRANTS 42 20730 4114 COST SUPPLIES, TRAVEL EXP STUDENT SCHOLARSHIPS 1049 26429133 BOOK TUITION RDCT PART I, LINE 2 - PROCEDURES FOR MONITORING THE USE OF GRANT FUNDS STUDENT SCHOLARSHIPS ARE APPLIED DIRECTLY TO STUDENT ACCOUNTS. TRAVEL AND STUDENT RESEARCH GRANTS REQUIRE SUBSTANTIATION. PART III - ACCOUNTING FOR CASH AND NONCASH ASSISTANCE PAYMENTS/REIMBURSEMENTS DIRECTLY TO RECIPIENTS ARE CONSIDERED CASH ASSISTANCE. PAYMENTS TO VENDORS TO BENEFIT RECIPIENTS, OR THE PURCHASE OF NONCASH ITEMS TO BE GIVEN TO RECIPIENTS ARE CONSIDERED NONCASH ASSISTANCE. PART III, COLUMN B - NUMBER OF RECIPIENTS THE NUMBER OF RECIPIENTS FOR STUDENT SCHOLARSHIPS IS BASED ON FINANCIAL AID RECORDS OF RECIPIENTS. THE NUMBER OF RECIPIENTS FOR PRIZES AND AWARDS IS ESTIMATED BASED ON THE NUMBER OF PAYEES (CASH PRIZES/AWARDS), AND THE NUMBER OF RECIPIENTS BENEFITTED OR NUMBER OF ITEMS PURCHASED (NONCASH PRIZES/AWARDS). THE NUMBER OF RECIPIENTS FOR STUDENT RESEARCH AND TRAVEL GRANTS IS ESTIMATED BASED ON THE NUMBER OF PAYEES (CASH GRANTS); AND/OR THE NUMBER OF RESEARCH PROJECTS FUNDED (CASH AND NONCASH GRANTS). X X X X X true true X X X false true false false false false false false false JOHN F BURNESS 112315 0 0 0 14897 0 13500 0 9835 0 150547 0 0 0 DANIEL R PORTERFIELD 378355 0 0 0 33342 0 25150 0 93867 0 530714 0 0 0 KEITH ORRIS 113990 0 40000 0 29398 0 19829 0 32925 0 236142 0 24720 0 LEWIS E THAYNE 234061 0 0 0 29240 0 38345 0 31036 0 332682 0 23883 0 ANN STEINER 208434 0 0 0 19386 0 34465 0 56993 0 319278 0 16542 0 HELEN Y BOWMAN 81387 0 0 0 33566 0 12640 0 13894 0 141487 0 0 0 KENT TRACHTE 187478 0 0 0 16794 0 30525 0 12410 0 247207 0 14180 0 NANCY COLLINS 176103 0 0 0 1525 0 21648 0 20419 0 219695 0 0 0 THOMAS J KINGSTON JR 160014 0 0 0 3478 0 0 0 665 0 164157 0 0 0 RICHARD A FLUCK 86000 0 0 0 106849 0 15877 0 6150 0 214876 0 0 0 STANLEY A MERTZMAN 159369 0 0 0 1370 0 23992 0 7556 0 192287 0 0 0 CLAUDE YODER 143350 0 0 0 3265 0 21564 0 11783 0 179962 0 0 0 JOHN A FRY 0 0 0 0 113433 0 0 0 0 0 113433 0 97750 0 J SAMUEL HOUSER 125926 0 0 0 1351 0 19200 0 7841 0 154318 0 0 0 D GRIER STEPHENSON 159046 0 0 0 1500 0 24629 0 14760 0 199935 0 0 0 ALAN CANIGLIA 147793 0 0 0 1000 0 23386 0 25470 0 197649 0 0 0 Part I, Line 4 SEVERANCE, NONQUALIFIED, AND EQUITY-BASED PAYMENTS THE FOLLOWING INDIVIDUALS PARTICIPATED IN THE COLLEGE'S IRC SECTION 457(F) PLAN DURING THE REPORTING YEAR: KEITH ORRIS $2,486 ANN STEINER $2,426 LEWIS THAYNE $2,401 KENT TRACHTE $2,080 THE AMOUNTS FOR ALL OF THE INDIVIDUALS ABOVE WERE ACCRUED DURING THE YEAR. KEITH ORRIS $24,720 ANN STEINER $16,542 LEWIS THAYNE $23,883 KENT TRACHTE $14,180 THE AMOUNTS FOR THE INDIVIDUALS ABOVE WERE PAID OUT DURING CALENDAR YEAR. SCHEDULE J, PART I, LINE 1A PRESIDENT - COLLEGE-OWNED PROPERTY HOUSING IS PROVIDED FOR THE CONVENIENCE OF THE COLLEGE AND AS A CONDITION OF EMPLOYMENT. CUSTODIAL SERVICES ARE PROVIDED TO MAINTAIN AND REFRESH THE PROPERTY FOR COLLEGE EVENTS AND ACTIVITIES HELD AT THE RESIDENCE. THE HOUSING AND CUSTODIAL SERVICES ARE NOT INCLUDED IN TAXABLE COMPENSATION. THE COLLEGE, FOR COLLEGE BUSINESS PURPOSES, REIMBURSES HEALTH/SOCIAL CLUB DUES AND BUSINESS EXPENSES. THESE REIMBURSEMENTS ARE NOT INCLUDED IN TAXABLE COMPENSATION. TAXABLE COMPENSATION IS PAID TO ACCOUNT FOR TAXES ON ADDITIONAL LIFE AND LTD INSURANCE PREMIUMS. A COLLEGE-LEASED VEHICLE IS PROVIDED FOR TRAVEL RELATED ACTIVITIES. PERSONAL USE OF THE VEHICLE IS INCLUDED IN TAXABLE COMPENSATION. TRAVEL EXPENSES FOR THE PRESIDENT'S SPOUSE ARE PAID WHILE ATTENDING BUSINESS PURPOSE COLLEGE EVENTS. THOSE TRAVEL EXPENSES PAID THAT WERE NOT RELATED TO COLLEGE BUSINESS PURPOSES WERE INCLUDED IN TAXABLE COMPENSATION. VP OF FINANCE - THE COLLEGE, FOR COLLEGE BUSINESS PURPOSES, REIMBURSES HEALTH/SOCIAL CLUB DUES AND BUSINESS EXPENSES. THESE REIMBURSEMENTS ARE NOT INCLUDED IN TAXABLE COMPENSATION. VP FOR COLLEGE COMMUNICATIONS - TAXABLE COMPENSATION IS PAID TO ACCOUNT FOR TAXES ON ADDITIONAL LIFE AND LTD INSURANCE PREMIUMS. VP FOR ADMINISTRATIVE SERVICES & EXTERNAL AFFAIRS - THE COLLEGE, FOR COLLEGE BUSINESS PURPOSES, REIMBURSES HEALTH/SOCIAL CLUB DUES AND BUSINESS EXPENSES. THESE REIMBURSEMENTS ARE NOT INCLUDED IN TAXABLE COMPENSATION. TAXABLE COMPENSATION IS PAID TO ACCOUNT FOR TAXES ON ADDITIONAL LIFE AND LTD INSURANCE PREMIUMS. PROVOST & DEAN OF THE FACULTY - COLLEGE-OWNED PROPERTY HOUSING IS PROVIDED FOR THE CONVENIENCE OF THE COLLEGE AND AS A CONDITION OF EMPLOYMENT. PERSONAL SERVICES FOR MAID/CLEANING SERVICES ARE PAID TO MAINTAIN AND REFRESH THE PROPERTY FOR COLLEGE EVENTS AND ACTIVITIES HELD AT THE PROPERTY. THE HOUSING AND CUSTODIAL SERVICES ARE NOT INCLUDED IN TAXABLE COMPENSATION. TAXABLE COMPENSATION IS PAID TO ACCOUNT FOR TAXES ON ADDITIONAL LIFE AND LTD INSURANCE PREMIUMS. VP FOR COLLEGE ADVANCEMENT - THE COLLEGE, FOR COLLEGE BUSINESS PURPOSES, REIMBURSES HEALTH/SOCIAL CLUB DUES AND BUSINESS EXPENSES. THESE REIMBURSEMENTS ARE NOT INCLUDED IN TAXABLE COMPENSATION. TAXABLE COMPENSATION IS PAID TO ACCOUNT FOR TAXES ON ADDITIONAL LIFE AND LTD INSURANCE PREMIUMS. A COLLEGE-LEASED VEHICLE IS PROVIDED FOR TRAVEL-RELATED ACTIVITIES. THOSE TRAVEL EXPENSES PAID THAT WERE NOT RELATED TO COLLEGE BUSINESS PURPOSES WERE INCLUDED IN TAXABLE COMPENSATION. DEAN OF THE COLLEGE - TAXABLE COMPENSATION IS PAID TO ACCOUNT FOR TAXES ON ADDITIONAL LIFE AND LTD INSURANCE PREMIUMS. SENIOR ASSOCIATE DEAN OF FACULTY & VP FOR PLANNING & INSTITUTIONAL RESEARCH - EDUCATIONAL BENEFITS ARE INCLUDED IN NONTAXABLE BENEFITS. THE COLLEGE HIRED A TRUSTEE AS A CONSULTANT FOR ENROLLMENT MANAGEMENT FROM NOVEMBER 2010 TO JUNE 2011. DURING THIS PERIOD THE TRUSTEE RESIGNED FROM THE COLLEGE'S BOARD OF TRUSTEES. PAYMENTS SHOWN ARE DURING THE CONSULTING PERIOD AND NOT WHILE SERVING AS A TRUSTEE. LANCASTER HIGHER EDUCATION AUTHORITY 232224897 514328EE9 2003-01-29 9699267 LANCASTER HIGHER EDUCATION AUTHORI false false false LANCASTER HIGHER EDUCATION AUTHORITY 232224897 514328FB4 2003-10-10 25328226 LANCASTER HIGHER EDUCATION AUTHORI false false false LANCASTER HIGHER EDUCATION AUTHORITY 232224897 514328FY4 2006-05-01 56364018 LANCASTER HIGHER EDUCATION AUTHORI false false false LANCASTER HIGHER EDUCATION AUTHORITY 232224897 514328GB3 2008-06-19 29891597 LANCASTER HIGHER EDUCATION AUTHORI false false false 8520000 0 9721719 0 0 9517388 187805 0 0 0 16526 0 2003 true false true true 10390000 0 25336663 0 0 25008426 324761 0 0 0 3476 0 2003 true false true true 1700000 0 57165704 0 33 33765000 598639 0 0 22802032 0 0 2007 true false true true 0 0 30115043 0 671694 0 439501 0 0 29003846 0 2 2011 false false false 0 0 false true false false false false 0.03480 0.03480 true false false false false false 0 true false false false 0 false 0 false true false false false 0 false 0 false true false false false 0 false 0 false true false false false 0 false 0 false true PART I, COLUMN F - DESCRIPTION OF BOND ISSUE PURPOSE 0 BOND ISSUE C. REFUND 6/15/1997 ISSUE, LIFE SCIENCE BUILDING PROJECT, AND ARMSTRONG PROJECT. BOND ISSUE D. NEW RESIDENCE HALL PROJECT, HARRIS CENTER PROJECT, KLEHR CENTER PROJECT, NORFOLK SOUTHERN PROJECT, AND OTHER MISCELLANEOUS CAPITAL IMPROVEMENTS TO EXISTING FACILITIES. PART II, LINE 3 - DIFFERENCE BETWEEN GROSS PROCEEDS AND ISSUE PRICE 0 BOND ISSUES A, B, C, AND D. THE DIFFERENCE BETWEEN THE GROSS PROCEEDS AND THE ISSUE PRICE IS DUE TO INVESTMENT EARNINGS. Daniel Lugo Housing Assistance X 46000 45500 false true true 45500 X 120 206615 FAIR VALUE PART II X 0 PART II X 0 PART II X 78 1867451 FAIR VALUE X ACTUAL EXPENSE 8 0 PART II 0 false true true PART I, COLUMN B NUMBER OF CONTRIBUTIONS The number of contributions is comprised of a combination of the number of items received and the number of contributions (securities and actual expenses paid by donor). SCHEDULE M, PART I, LINE 32B THIRD PARTY USED TO PROCESS OR SELL NONCASH CONTRIBUTIONS A third party is used to process and sell contributions of securities. During accession and deaccession of collection items, appraisers and auction services may be used. SCHEDULE M, PART I, LINE 33 EXPLANATION FOR NOT REPORTING REVENUE Clothing and Household Goods represent 32 bridal/bridesmaid dresses donated from a bridal salon for the costume shop with a total value $8,278 - below $10,000. The College does not recognize revenue for noncash contributions (other than securities) that are less than $10,000 in value. Part II, Line 3 ORGANIZATION'S MISSION OR MOST SIGNIFICANT ACTIVITIES FRANKLIN & MARSHALL COLLEGE IS A RESIDENTIAL COLLEGE DEDICATED TO EXCELLENCE IN UNDERGRADUATE LIBERAL ARTS EDUCATION. ITS AIMS ARE TO INSPIRE IN YOUNG PEOPLE OF HIGH PROMISE AND DIVERSE BACKGROUNDS A GENUINE AND ENDURING LOVE FOR LEARNING, TO TEACH THEM TO READ, WRITE, AND THINK CRITICALLY, TO INSTILL IN THEM THE CAPACITY FOR BOTH INDEPENDENT AND COLLABORATIVE ACTION, AND TO EDUCATE THEM TO EXPLORE AND UNDERSTAND THE NATURAL, SOCIAL, AND CULTURAL WORLDS IN WHICH THEY LIVE. IN SO DOING, THE COLLEGE SEEKS TO FOSTER IN ITS STUDENTS QUALITIES OF INTELLECT, CREATIVITY, AND CHARACTER, THAT THEY MAY LIVE FULFILLING LIVES AND CONTRIBUTE MEANINGFULLY TO THEIR OCCUPATIONS, THEIR COMMUNITIES, AND THEIR WORLD. FORM 990, PART III, LINE 4D - ALL OTHER ACHIEVEMENTS AUXILIARY OPERATIONS, ACADEMIC SUPPORT, RESEARCH, PUBLIC SERVICE, AND INSTITUTIONAL SUPPORT. FORM 990, PART VI, LINE 1A - EXECUTIVE COMMITTEE THE COLLEGE HAS AN EXECUTIVE COMMITTEE WHO IS AUTHORIZED TO ACT IN PLACE OF THE FULL BOARD AT ALL TIMES. IT WAS COMPOSED OF 6 MEMBERS OF THE BOARD, INCLUDING THE PRESIDENT, DURING FISCAL YEAR 2012. FORM 990, PART VI, LINE 2 -BUSINESS RELATIONSHIPS BOARD OF TRUSTEES ROBERT J. BROOKS, SR., AND ERIC W. NOLL FORM 990, PART VI, LINE 11A - PROVISION OF COPY OF FORM 990 TO GOVERNING BODY BEFORE FILING A COPY OF FORM 990 WAS SUPPLIED TO ALL MEMBERS OF THE BOARD OF TRUSTEES PRIOR TO ITS FILING. FORM 990, PART VI, LINE 11B - REVIEW OF FORM 990 THE COMPENSATION COMMITTEE PERFORMED A DETAILED REVIEW OF THE COMPENSATION SECTIONS OF FORM 990 (PART VII AND SCHEDULE J) IN MAY 2012 BEFORE THE RETURN WAS GIVEN TO EXTERNAL AUDITORS/TAX PREPARERS IN MARCH 2013 FOR A DETAILED REVIEW. CHANGES WERE MADE BASED ON THEIR RECOMMENDATIONS AND THE REVISED FORM 990 WAS SENT TO MANAGEMENT IN APRIL 2013 FOR REVIEW. THE RETURN WAS THEN FORWARDED TO THE AUDIT COMMITTEE AND BOARD OF TRUSTEES FOR FINAL REVIEW AND QUESTIONS. FORM 990, PART VI, LINE 12C - ENFORCEMENT OF CONFLICT OF INTEREST POLICY THE CONFLICT OF INTEREST POLICY IS CIRCULATED TO OFFICERS AND TRUSTEES ANNUALLY, REQUESTING A DECLARATION AND EXPLANATION OF POTENTIAL CONFLICTS WITH PROFESSIONAL AND OTHER DUTIES, INCLUDING MEMBERSHIP ON OTHER BOARDS. OFFICERS AND TRUSTEES CANNOT PARTICIPATE IN DELIBERATIONS OR ACTIONS BY THE COLLEGE WITH RESPECT TO ANY PROPOSED TRANSACTION OR RELATIONSHIP WITH RESPECT TO WHICH THE TRUSTEE OR OFFICER HAS A FINANCIAL INTEREST OR OTHER CONFLICT OF INTEREST. FORM 990, PART VI, LINE 15A & 15B - COMPENSATION PROCESS FOR TOP OFFICIAL AND SENIOR OFFICERS EACH YEAR, PERFORMANCE REVIEWS ARE CONDUCTED BETWEEN FEBRUARY AND MAY FOR SENIOR OFFICERS (PRESIDENT, VICE PRESIDENTS, PROVOST, AND DEAN OF THE COLLEGE). INDEPENDENTLY-GATHERED COMPARISON COMPENSATION DATA IS REVIEWED BY THE COMPENSATION COMMITTEE, AND EXECUTIVE COMPENSATION DETERMINATIONS ARE MADE BY THE COMMITTEE BASED ON PERFORMANCE AND BENCHMARK DATA. COMPENSATION DECISIONS ARE DOCUMENTED IN THE COMMITTEE'S MEETING MINUTES. FORM 990, PART VI, LINE 19 - GOVERNING DOCUMENTS DISCLOSURE EXPLANATION THE COLLEGE'S FINANCIAL STATEMENTS, GOVERNING DOCUMENTS, AND CONFLICT OF INTEREST POLICY ARE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 5 - OTHER CHANGES IN NET ASSETS UNREALIZED LOSS ON INVESTMENTS ($19,343,950) ASE PROGRAM RELATED INVESTMENT 20,020 -------------- TOTAL ($19,323,930) MILLPORT CONSERVANCY 737 E MILLPORT ROAD LITITZ PA 175439246 222436077 NATURE PRESER PA 501(C)(3) PF NA true NW GATEWAY PROJECT PO BOX 3003 LANCASTER PA 17604 611625128 Land acquisition PA NA Excluded 32 10392756 false true 0.50000 CHARITABLE REMAINDER TRUST (4) PO BOX 3003 LANCASTER PA 17604 SPLIT INTEREST TR NA TRUST UNITRUST (29) PO BOX 3003 LANCASTER PA 17604 SPLIT INTEREST TR NA TRUST ANNUITY TRUST (7) PO BOX 3003 LANCASTER PA 17604 SPLIT INTEREST TR NA TRUST SPLIT INTEREST TRUST (1) PO BOX 3003 LANCASTER PA 17604 SPLIT INTEREST TR NJ NA TRUST REVOCABLE TRUST (1) PO BOX 3003 LANCASTER PA 17604 REVOCABLE TRUST PA NA TRUST PERPETUAL TRUST (10) PO BOX 3003 LANCASTER PA 17604 PERPETUAL TRUST NA TRUST REMAINDER TRUST (2) PO BOX 3003 LANCASTER PA 17403 REMAINDER TRUST NA TRUST ADVANCED STUDIES IN ENGLAND LTD (1) 2 PIERREPONT STREET BATH UK BA1 1LB STUDY ABROAD UK NA C CORP 1576749 3074826 1.00000 false true false false false false false false false false true false true true false false true false MILLPORT CONSERVANCY b 82478 CASH Part IV, Column (c) Legal Domicile of Trusts Charitable Remainder Trusts Two charitable remainder trusts are domiciled in Pennsylvania. One is domiciled in Texas, and another is domiciled in North Carolina. Unitrusts Twenty two unitrusts are domiciled in Pennsylvania. One unitrust is domiciled in each of the following states: New York, Illinois, Washington, North Carolina, Florida, New Jersey, and Virginia. Annuity Trusts Five annuity trusts are domiciled in Pennsylvania. One annuity trust is domiciled in New Jersey, and one is domiciled in California. Perpetual Trusts Nine perpetual trusts are domiciled in Pennsylvania. One perpetual trust is domiciled in Florida. Remainder Trusts One remainder trust is domiciled in Pennsylvania. One remainder trust is domiciled in Minnesota. Part V, Line 1(1) Additional Information THE $82,478 CONTRIBUTED TO THE MILLPORT CONSERVANCY WAS A CONTRIBUTION FROM THE COLLEGE TO PAY FOR THE CONSERVANCY'S ORDINARY OPERATING EXPENDITURES.