CEDAR CREST COLLEGE: Form 990, tax year 2011
View the entire original 990 at ProPublica ↗
- Organization
- CEDAR CREST COLLEGE (EIN 23-1365953)
- Tax period
- 2011-07-01 to 2012-06-30
- Filed
- 2013-05-10
- IRS object ID
- 201321309349300902
- Schema version
- 2011v1.5
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990
- Schedule A
- Schedule B
- Schedule D
- Schedule E
- Schedule I
- Schedule J
- Schedule K
- Schedule M
- Schedule O
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2013-05-10T08:31:59-05:00 | Timestamp |
| Tax Period End Date | 2012-06-30 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 232932984 | EIN |
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | PARENTEBEARD LLC | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1650 MARKET STREET SUITE 4500 | AddressLine1 |
| City | PHILADELPHIA | City |
| State | PA | State |
| ZIP Code | 19103 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2011-07-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 231365953 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CEDAR CREST COLLEGE | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | CEDA | NameControl |
| Phone | 6106064666 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 100 COLLEGE DRIVE | AddressLine1 |
| City | ALLENTOWN | City |
| State | PA | State |
| ZIP Code | 181046196 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | AUDRA J KAHR | Name |
| Title | CHIEF FINANCIAL OFFICER/TREASURER | Title |
| Phone | 6106064666 | Phone |
| Date Signed | 2013-04-17 | DateSigned |
| Authorize Third Party | 1 | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | JULIUS GREEN CPA | Name |
| PTIN | P00350393 | PTIN |
| Phone | 2159720701 | Phone |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2011 | TaxYear |
| Build TS | 2016-02-24 21:20:13Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | AUDRA J KAHR | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 100 COLLEGE DRIVE | AddressLine1 |
| City | ALLENTOWN | City |
| State | PA | State |
| ZIP Code | 181046196 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 41474254 | GrossReceipts |
| Group Return For Affiliates | 0 | GroupReturnForAffiliates |
| Organization501c3 | X | Organization501c3 |
| Web Site | WWW.CEDARCREST.EDU | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1867 | YearFormation |
| State Legal Domicile | PA | StateLegalDomicile |
| Activity Or Mission Description | A LIBERAL ARTS COLLEGE FOR WOMEN DEDICATED TO THE EDUCATION OF THE NEXT GENERATION OF LEADERS. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 27 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 24 | NbrIndependentVotingMembers |
| Total Nbr Employees | 535 | TotalNbrEmployees |
| Total Nbr Volunteers | 1 | TotalNbrVolunteers |
| Total Gross UBI | 0 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | 0 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 3643755 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 5371997 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 35091211 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 33098310 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 764811 | InvestmentIncomePriorYear |
| Investment Income Current Year | 780728 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 320834 | OtherRevenuePriorYear |
| Other Revenue Current Year | 300392 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 39820611 | TotalRevenuePriorYear |
| Total Revenue Current Year | 39551427 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 9822656 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 8551191 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members Prior Year | 0 | BenefitsPaidToMembersPriorYear |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 19344547 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 19205755 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp Prior Year | 0 | TotalProfFundrsngExpPriorYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 1381055 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 11525852 | OtherExpensePriorYear |
| Other Expenses Current Year | 11625748 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 40693055 | TotalExpensesPriorYear |
| Total Expenses Current Year | 39382694 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | -872444 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | 168733 | RevenuesLessExpensesCY |
| Total Assets BOY | 61373032 | TotalAssetsBOY |
| Total Assets EOY | 60901518 | TotalAssetsEOY |
| Total Liabilities BOY | 26395340 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 26466688 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 34977692 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 34434830 | NetAssetsOrFundBalancesEOY |
| Info In Schedule O Part III | X | InfoInScheduleOPartIII |
| Mission Description | CEDAR CREST IS A LIBERAL ARTS COLLEGE FOR WOMEN DEDICATED TO THE EDUCATION OF THE NEXT GENERATION OF LEADERS. CEDAR CREST COLLEGE PREPARES WOMEN FOR LIFE IN A GLOBAL COMMUNITY BY EDUCATING THE WHOLE STUDENT. | MissionDescription |
| Significant New Program Services | 1 | SignificantNewProgramServices |
| Significant Change | 0 | SignificantChange |
| Expense | 31447723 | Expense |
| Grants | 8551191 | Grants |
| Revenue | 33098310 | Revenue |
| Description | THE COLLEGE CAMPUS, WITH 17 PRIMARY BUILDINGS, IS LOCATED IN THE WESTERN RESIDENTIAL SECTION OF THE CITY OF ALLENTOWN, PENNSYLVANIA IN THE LEHIGH VALLEY, WHICH HAS A COMBINED POPULATION OF APPROXIMATELY 640,000. THE COLLEGE IS WITHIN 55 MILES OF PHILADELPHIA AND 90 MILES OF NEW YORK CITY. THE COLLEGE SERVES APPROXIMATELY 1,700 STUDENTS AND HAS A 10:1 STUDENT-FACULTY RATIO. THE COLLEGE IS ACCREDITED BY THE MIDDLE STATES COMMISSION ON HIGHER EDUCATION.THE VISION OF A WOMEN'S COLLEGE IN ALLENTOWN, PENNSYLVANIA, CAME FIRST THROUGH THE FATHERS OF THE UNITED CHURCH OF CHRIST, WHO, IN 1867, ESTABLISHED A PROGRAM FOR THEIR DAUGHTERS TO ACHIEVE EDUCATION BEYOND HIGH SCHOOL. THE VISION WAS THEN SUPPORTED MORE THAN 100 YEARS LATER WHEN THE COLLEGE ALUMNAE CAME FORWARD WITH PASSION AND MIGHT TO DERAIL A POTENTIAL MERGER WITH A CO-ED COLLEGE.CEDAR CREST HAS BEEN A PLACE WHERE STUDENTS DEVELOP LEADERSHIP SKILLS. THROUGH ACADEMIC COURSES, STUDENT-LIFE PROGRAMMING, ATHLETICS, ACTIVITIES, AND PRE-PROFESSIONAL PRACTICES, THE COLLEGE HAS BEEN A PLACE TO GROW STUDENTS INTO LEADERS. THE WOMEN'S COLLEGE STATUS HAS ENSURED THAT STUDENTS HAVE MORE LEADERSHIP OPPORTUNITIES, MORE OF A CHANCE TO TRULY PRACTICE LEADERSHIP, AND A GREATER EXPECTATION OF LEADING PLACED UPON THEM BY FACULTY AND STAFF. IT HAS BEEN LEADERSHIP BY ABSORPTION IN SOME WAYS, AND IT HAS BEEN SUCCESSFUL. | Description |
| Total Program Service Expense | 31447723 | TotalProgramServiceExpense |
| Described In501 C3 | 1 | DescribedIn501C3 |
| Schedule B Required | 1 | ScheduleBRequired |
| Political Activities | 0 | PoliticalActivities |
| Lobbying Activities | 0 | LobbyingActivities |
| Subject To Proxy Tax | 0 | SubjectToProxyTax |
| Donor Advised Funds | 0 | DonorAdvisedFunds |
| Conservation Easements | 0 | ConservationEasements |
| Collections Of Art | 1 | CollectionsOfArt |
| Credit Counseling | 0 | CreditCounseling |
| Term Or Permanent Endowments | 1 | TermOrPermanentEndowments |
| Report Land Bldg Equip | 1 | ReportLandBldgEquip |
| Report Invest Oth Securities | 1 | ReportInvestOthSecurities |
| Report Prog Rel Invest | 0 | ReportProgRelInvest |
| Report Other Assets | 0 | ReportOtherAssets |
| Report Other Liabilities | 1 | ReportOtherLiabilities |
| Report Fin48 Footnote | 1 | ReportFin48Footnote |
| Independent Audit Financial Stmt | 1 | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | 0 | ConsolidatedAuditFinancialStmt |
| School | 1 | School |
| Foreign Office | 0 | ForeignOffice |
| Foreign Activities | 0 | ForeignActivities |
| More Than5000 K To Organizations | 0 | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividuals |
| Professional Fundraising | 0 | ProfessionalFundraising |
| Fundraising Activities | 0 | FundraisingActivities |
| Gaming | 0 | Gaming |
| Hospital | 0 | Hospital |
| Grants To Organizations | 0 | GrantsToOrganizations |
| Grants To Individuals | 1 | GrantsToIndividuals |
| Schedule J Required | 1 | ScheduleJRequired |
| Tax Exempt Bonds | 1 | TaxExemptBonds |
| Invest Tax Exempt Bonds | 0 | InvestTaxExemptBonds |
| Escrow Account | 0 | EscrowAccount |
| On Behalf Of Issuer | 0 | OnBehalfOfIssuer |
| Excess Benefit Transaction | 0 | ExcessBenefitTransaction |
| Prior Excess Benefit Transaction | 0 | PriorExcessBenefitTransaction |
| Loan To Officer Or DQP | 0 | LoanToOfficerOrDQP |
| Grant To Related Person | 0 | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | 0 | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | 0 | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | 0 | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | 1 | DeductibleNonCashContributions |
| Deductible Contributions Of Art | 0 | DeductibleContributionsOfArt |
| Terminated | 0 | Terminated |
| Partial Liquidation | 0 | PartialLiquidation |
| Disregarded Entity | 0 | DisregardedEntity |
| Related Entity | 0 | RelatedEntity |
| Related Org Controlled Entity | 0 | RelatedOrgControlledEntity |
| Transaction Related Entity | 0 | TransactionRelatedEntity |
| Transfers To Exempt Non Chrtbl Org | 0 | TransfersToExemptNonChrtblOrg |
| Activities Conducted Partnership | 0 | ActivitiesConductedPartnership |
| Schedule O Required | 1 | ScheduleORequired |
| Number Forms Transmitted With1096 | 50 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Compliance With Backup Witholding | 1 | ComplianceWithBackupWitholding |
| Number Of Employees | 535 | NumberOfEmployees |
| Employment Tax Returns Filed | 1 | EmploymentTaxReturnsFiled |
| Unrelated Business Income | 0 | UnrelatedBusinessIncome |
| Foreign Financial Account | 0 | ForeignFinancialAccount |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTrans |
| Taxable Party Notification | 0 | TaxablePartyNotification |
| Non Deductible Contributions | 0 | NonDeductibleContributions |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributions |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOf |
| Funds To Pay Premiums | 0 | FundsToPayPremiums |
| Premiums Paid | 0 | PremiumsPaid |
| Indoor Tanning Services | 0 | IndoorTanningServices |
| Info In Schedule O Part VI | X | InfoInScheduleOPartVI |
| Nbr Voting Governing Body Members | 27 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 24 | NumberIndependentVotingMembers |
| Family Or Business Relationship | 0 | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | 0 | DelegationOfManagementDuties |
| Changes To Organizing Docs | 0 | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuse |
| Members Or Stockholders | 0 | MembersOrStockholders |
| Election Of Board Members | 0 | ElectionOfBoardMembers |
| Decisions Subject To Approval | 0 | DecisionsSubjectToApproval |
| Minutes Of Governing Body | 1 | MinutesOfGoverningBody |
| Minutes Of Committees | 1 | MinutesOfCommittees |
| Officer Mailing Address | 0 | OfficerMailingAddress |
| Local Chapters | 0 | LocalChapters |
| Form990 Provided To Governing Body | 1 | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | 1 | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | 1 | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | 1 | RegularMonitoringEnforcement |
| Whistleblower Policy | 1 | WhistleblowerPolicy |
| Document Retention Policy | 0 | DocumentRetentionPolicy |
| Compensation Process CEO | 1 | CompensationProcessCEO |
| Compensation Process Other | 1 | CompensationProcessOther |
| Investment In Joint Venture | 0 | InvestmentInJointVenture |
| States Where Copy Of Return Is Filed | PA | StatesWhereCopyOfReturnIsFiled |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
Name Business NameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | AUDRA KAHR | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Telephone Number | 6106064666 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 100 COLLEGE DRIVE | AddressLine1 |
| City | ALLENTOWN | City |
| State | PA | State |
| ZIP Code | 181046196 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionA (38 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | OfficerOfficer | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation | Highest Compensated EmployeeHighestCompensatedEmployee | FormerFormer |
|---|---|---|---|---|---|---|---|---|
| SUSAN E HUDGINS | ||||||||
| CHAIR | 20.00 | X | X | 0 | 0 | 0 | ||
| JANE ISSACS LOW | ||||||||
| VICE CHAIR | 20.00 | X | X | 0 | 0 | 0 | ||
| CARMEN TWILLIE AMBAR ESQ | ||||||||
| PRESIDENT | 40.00 | X | X | 320552 | 0 | 56615 | ||
| ROXANNE AMICO | ||||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | |||
| JOHN BASSLER JR | ||||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | |||
| MARY BETH BIRCHBY | ||||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | |||
| TERRY CAPUANO | ||||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | |||
| DR RONALD FELDMAN | ||||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | |||
| SYLVIA BETZ GARDNER | ||||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | |||
| PHYLLIS GRUBE | ||||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | |||
| DAVID P KELLER | ||||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | |||
| LUCIE LAPOVSKY PHD | ||||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | |||
| VIRGINIA PITYO MIHALIK | ||||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | |||
| LYNN C MINELLA | ||||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | |||
| HERBERT MOREY | ||||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | |||
| CYNTHIA D NEWMAN | ||||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | |||
| DR LORRAINE SOISSON | ||||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | |||
| KAREN WAGNER | ||||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | |||
| HELENE M WHITAKER | ||||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | |||
| DR BLENDA J WILSON | ||||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | |||
| LINDA OLEKSIAK ZEMBRON | ||||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | |||
| DAVID FINN | ||||||||
| LIFE TRUSTEE | 1.00 | X | 0 | 0 | 0 | |||
| EDWARD L JONES JR | ||||||||
| LIFE TRUSTEE | 1.00 | X | 0 | 0 | 0 | |||
| DR ALICE ANNE MILLER | ||||||||
| LIFE TRUSTEE | 1.00 | X | 0 | 0 | 0 | |||
| DR ROLAND L SIGAL | ||||||||
| LIFE TRUSTEE | 1.00 | X | 0 | 0 | 0 | |||
| DR CHARLES D SNELLING | ||||||||
| LIFE TRUSTEE | 1.00 | X | 0 | 0 | 0 | |||
| DR ANNE OKAL WINKLER | ||||||||
| LIFE TRUSTEE | 1.00 | X | 0 | 0 | 0 | |||
| CHERYL WENNER | ||||||||
| SECRETARY/EXECUTIVE ASST TO THE PRESIDENT | 40.00 | X | 0 | 0 | 0 | |||
| KIMBERLY OWENS | ||||||||
| SR EVP ENROLLMENT & STUDENT AFFAIRS | 40.00 | X | 133521 | 0 | 16981 | |||
| PATRICIA MORAN | ||||||||
| VP INSTITUTIONAL ADVANCEMENT | 40.00 | X | 179283 | 0 | 20630 | |||
| AUDRA KAHR | ||||||||
| CFO/TREASURER | 40.00 | X | 116282 | 0 | 16406 | |||
| ELIZABETH MEADE | ||||||||
| ACTING PROVOST | 40.00 | X | 90112 | 0 | 8117 | |||
| MAYNARD CRESSMAN | ||||||||
| ASSOCIATE PROFESSOR OF POL. SCIENCE | 40.00 | 119325 | 0 | 11083 | X | |||
| WENDY ROBB | ||||||||
| CHAIR/DIRECTOR OF GRADUATE NURSING | 40.00 | 120449 | 0 | 15228 | X | |||
| CAROL PULHAM | ||||||||
| PROFESSOR | 40.00 | 105517 | 0 | 18714 | X | |||
| JAMES WARD | ||||||||
| PROFESSOR | 40.00 | 105137 | 0 | 14068 | X | |||
| SUZANNE WEAVER | ||||||||
| PROFESSOR | 40.00 | 104933 | 0 | 12243 | X | |||
| BETTY POWELL | ||||||||
| PROVOST | 40.00 | 158944 | 0 | 19281 | X | |||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 1554055 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 0 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 209366 | TotalOtherCompensation |
| Number Individuals GT100 K | 10 | NumberIndividualsGT100K |
| Formers Listed | 1 | FormersListed |
| Total Comp GT150 K | 1 | TotalCompGT150K |
| Compensation From Other Sources | 0 | CompensationFromOtherSources |
Contractor Compensation ContractorCompensation (5 entries)
| Address Line1AddressOfContractor/AddressUS/AddressLine1 | CityAddressOfContractor/AddressUS/City | StateAddressOfContractor/AddressUS/State | ZIP CodeAddressOfContractor/AddressUS/ZIPCode | Description Of ServicesDescriptionOfServices | CompensationCompensation |
|---|---|---|---|---|---|
| PARKHURST DINING SERVICES | |||||
| PO BOX 644091 | PITTSBURGH | PA | 15264 | FOOD SERVICES | 1150975 |
| A & S HVAC INC | |||||
| 304 SMITH ROAD | BATH | PA | 18014 | A/C UNIT INSTALLATION | 329124 |
| HEALTHWORKS | |||||
| 400 N 17TH ST STE 207 | ALLENTOWN | PA | 18104 | STUDENT HEALTH SERVICES | 220854 |
| NCS PEARSON INC | |||||
| 13036 COLLECTIONS CENTER DRIVE | CHICAGO | IL | 60693 | E-COLLEGE COURSE FEES | 159268 |
| REGIS UNIVERSITY | |||||
| C/O NEW VENTURES 500 EAST 84TH AVE | THORTON | CO | 80229 | ONLINE CONSORTIUM OF INDEPENDENT COLLEGE | 155400 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 13 | NumberOfContractorsGT100K |
| Fundraising Events | 8850 | FundraisingEvents |
| Government Grants | 1579846 | GovernmentGrants |
| All Other Contributions | 3783301 | AllOtherContributions |
| Noncash Contributions | 40832 | NoncashContributions |
| Total Contributions | 5371997 | TotalContributions |
Program Service Revenue ProgramServiceRevenue (5 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome |
|---|---|---|---|
| TUITION AND FEES | 611600 | 29089842 | 29089842 |
| RESIDENCE FEES | 611600 | 1897888 | 1897888 |
| DINING FEES | 611600 | 1405869 | 1405869 |
| SWIM & SAFETY PROGRAMS | 611600 | 624680 | 624680 |
| BOOKSTORE | 611600 | 53929 | 53929 |
Total Oth Program Service Revenue TotalOthProgramServiceRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 26102 | TotalRevenueColumn |
| Related Or Exempt Function Income | 26102 | RelatedOrExemptFunctionIncome |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 33098310 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 612255 | TotalRevenueColumn |
| Exclusion | $612,255 | ExclusionAmount |
Royalties Revenue RoyaltiesRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 13936 | TotalRevenueColumn |
| Exclusion | $13,936 | ExclusionAmount |
Gross Rents GrossRents
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 336127 | Real |
Less Rental Expenses LessRentalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 96966 | Real |
Rental Income Or Loss RentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 239161 | Real |
Net Rental Income Or Loss NetRentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 239161 | TotalRevenueColumn |
| Exclusion | $239,161 | ExclusionAmount |
Gross Amount Sales Assets GrossAmountSalesAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 1991168 | Securities |
Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 1822695 | Securities |
Gain Or Loss GainOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 168473 | Securities |
Net Gain Or Loss Investments NetGainOrLossInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 168473 | TotalRevenueColumn |
| Exclusion | $168,473 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Income Fundraising Events | 300 | GrossIncomeFundraisingEvents |
| Cntrbtns Rprtd Fundraising Events | 8850 | CntrbtnsRprtdFundraisingEvents |
| Fundraising Direct Expenses | 3166 | FundraisingDirectExpenses |
Net Income From Fundraising Events NetIncomeFromFundraisingEvents
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -2866 | TotalRevenueColumn |
| Exclusion | -$2,866 | ExclusionAmount |
Other Revenue Misc OtherRevenueMisc (3 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | ExclusionExclusionAmount |
|---|---|---|---|
| COMMISSIONS | 900099 | 19823 | $19,823 |
| LOAN FEES | 900099 | 17384 | $17,384 |
| FINES & CHARGES | 900099 | 12954 | $12,954 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Revenue | 50161 | TotalOtherRevenue |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 39551427 | TotalRevenueColumn |
| Related Or Exempt Function Income | 33098310 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 0 | UnrelatedBusinessRevenue |
| Exclusion | $1,081,120 | ExclusionAmount |
Grants To Domestic Individuals GrantsToDomesticIndividuals
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 8551191 | Total |
| Program Services | 8551191 | ProgramServices |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1136724 | Total |
| Program Services | 426956 | ProgramServices |
| Management And General | 509855 | ManagementAndGeneral |
| Fundraising | 199913 | Fundraising |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 14761281 | Total |
| Program Services | 11907586 | ProgramServices |
| Management And General | 2089724 | ManagementAndGeneral |
| Fundraising | 763971 | Fundraising |
Pension Plan Contributions PensionPlanContributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 404145 | Total |
| Program Services | 369533 | ProgramServices |
| Management And General | 16925 | ManagementAndGeneral |
| Fundraising | 17687 | Fundraising |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1917000 | Total |
| Program Services | 1493193 | ProgramServices |
| Management And General | 297199 | ManagementAndGeneral |
| Fundraising | 126608 | Fundraising |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 986605 | Total |
| Program Services | 753202 | ProgramServices |
| Management And General | 163676 | ManagementAndGeneral |
| Fundraising | 69727 | Fundraising |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 168474 | Total |
| Management And General | 168474 | ManagementAndGeneral |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 102410 | Total |
| Management And General | 102410 | ManagementAndGeneral |
Fees For Services Invst Mgmnt Fees FeesForServicesInvstMgmntFees
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 123771 | Total |
| Program Services | 123771 | ProgramServices |
Fees For Services Other FeesForServicesOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1170235 | Total |
| Program Services | 658133 | ProgramServices |
| Management And General | 489773 | ManagementAndGeneral |
| Fundraising | 22329 | Fundraising |
Advertising Advertising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 428628 | Total |
| Program Services | 43524 | ProgramServices |
| Management And General | 385104 | ManagementAndGeneral |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1785593 | Total |
| Program Services | 1113987 | ProgramServices |
| Management And General | 573678 | ManagementAndGeneral |
| Fundraising | 97928 | Fundraising |
Information Technology InformationTechnology
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 159466 | Total |
| Program Services | 121325 | ProgramServices |
| Management And General | 36346 | ManagementAndGeneral |
| Fundraising | 1795 | Fundraising |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1372751 | Total |
| Program Services | 938446 | ProgramServices |
| Management And General | 434305 | ManagementAndGeneral |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 277679 | Total |
| Program Services | 208279 | ProgramServices |
| Management And General | 42719 | ManagementAndGeneral |
| Fundraising | 26681 | Fundraising |
Conferences Meetings ConferencesMeetings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 70137 | Total |
| Program Services | 50326 | ProgramServices |
| Management And General | 12443 | ManagementAndGeneral |
| Fundraising | 7368 | Fundraising |
Interest Interest
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 946191 | Total |
| Program Services | 946191 | ProgramServices |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2255698 | Total |
| Program Services | 1489591 | ProgramServices |
| Management And General | 766107 | ManagementAndGeneral |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 59409 | Total |
| Program Services | 6052 | ProgramServices |
| Management And General | 53357 | ManagementAndGeneral |
Other Expenses OtherExpenses (4 entries)
| DescriptionDescription | TotalTotal | Program ServicesProgramServices | Management And GeneralManagementAndGeneral | FundraisingFundraising |
|---|---|---|---|---|
| AUXILIARY ENTERPRISES | 1362840 | 1362840 | ||
| RELATED PROGRAM SERVICE | 797811 | 567850 | 220987 | 8974 |
| MEMBERSHIP FEES | 171309 | 50863 | 115336 | 5110 |
| DINING SERVICES | 142224 | 106901 | 30833 | 4490 |
All Other Expenses AllOtherExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 231122 | Total |
| Program Services | 157983 | ProgramServices |
| Management And General | 44665 | ManagementAndGeneral |
| Fundraising | 28474 | Fundraising |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 39382694 | Total |
| Program Services | 31447723 | ProgramServices |
| Management And General | 6553916 | ManagementAndGeneral |
| Fundraising | 1381055 | Fundraising |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2304709 | BOY |
| EOY | 1587780 | EOY |
Pledges And Grants Receivable PledgesAndGrantsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 5096464 | BOY |
| EOY | 6528074 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1273577 | BOY |
| EOY | 1515053 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 613430 | BOY |
| EOY | 604538 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 59727428 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 33774599 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 26688418 | BOY |
| EOY | 25952829 | EOY |
Investments Pub Traded Securities InvestmentsPubTradedSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 20097101 | BOY |
| EOY | 19510235 | EOY |
Investments Other Securities InvestmentsOtherSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 4443479 | BOY |
| EOY | 4400262 | EOY |
Investments Program Related InvestmentsProgramRelated
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 855854 | BOY |
| EOY | 802747 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 61373032 | BOY |
| EOY | 60901518 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 921453 | BOY |
| EOY | 1107308 | EOY |
Deferred Revenue DeferredRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1185085 | BOY |
| EOY | 1385436 | EOY |
Tax Exempt Bond Liabilities TaxExemptBondLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 20323452 | BOY |
| EOY | 19868397 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 3965350 | BOY |
| EOY | 4105547 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 26395340 | BOY |
| EOY | 26466688 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 10513742 | BOY |
| EOY | 8234381 | EOY |
Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 7398303 | BOY |
| EOY | 7386961 | EOY |
Permanently Restricted Net Assets PermanentlyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 17065647 | BOY |
| EOY | 18813488 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 34977692 | BOY |
| EOY | 34434830 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 61373032 | BOY |
| EOY | 60901518 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | X | InfoInScheduleOPartXI |
| Reconcilation Revenue Expenses | 168733 | ReconcilationRevenueExpenses |
| Reconcilation Other Changes | -711595 | ReconcilationOtherChanges |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | 0 | AccountantCompileOrReview |
| FS Audited | 1 | FSAudited |
| Audit Committee | 1 | AuditCommittee |
| Financial Statement Separate | X | FinancialStatementSeparate |
| Federal Grant Audit Required | 1 | FederalGrantAuditRequired |
| Federal Grant Audit Performed | 1 | FederalGrantAuditPerformed |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| School170b1 Aii | X | School170b1Aii |
Schedule B IRS990ScheduleB
Contributor Info ContributorInfo
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor Number | RESTRICTED | ContributorNumber |
Contributor Name Business ContributorNameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor Address US ContributorAddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Aggregate Contributions | RESTRICTED | AggregateContributions |
Schedule D IRS990ScheduleD
Held Works Of Art Amts HeldWorksOfArtAmts
| Field | Value | IRS element (for citing) |
|---|---|---|
| Assets In Part X | 841405 | AssetsInPartX |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Collect Used For Public Exhibition | X | CollectUsedForPublicExhibition |
| Collect Used For Scholar Research | X | CollectUsedForScholarResearch |
| Collect Used For Preservation | X | CollectUsedForPreservation |
| Collect Used For Loan Or Exch Prgrms | X | CollectUsedForLoanOrExchPrgrms |
| Solicited Assets For Sale | 0 | SolicitedAssetsForSale |
Current Year CurrentYear
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 19792792 | BeginningOfYearBalance |
| Contributions | 398166 | Contributions |
| Investment Earnings Or Losses | -204193 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | -922663 | GrantsOrScholarships |
| Administrative Expenses | -123771 | AdministrativeExpenses |
| End Of Year Balance | 18940331 | EndOfYearBalance |
Current Year Minus1 Year CurrentYearMinus1Year
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 16117560 | BeginningOfYearBalance |
| Contributions | 588407 | Contributions |
| Investment Earnings Or Losses | 3901173 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | -695066 | GrantsOrScholarships |
| Administrative Expenses | -119282 | AdministrativeExpenses |
| End Of Year Balance | 19792792 | EndOfYearBalance |
Current Year Minus2 Years CurrentYearMinus2Years
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 14474384 | BeginningOfYearBalance |
| Contributions | 721889 | Contributions |
| Investment Earnings Or Losses | 1746074 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | -746353 | GrantsOrScholarships |
| Administrative Expenses | -78434 | AdministrativeExpenses |
| End Of Year Balance | 16117560 | EndOfYearBalance |
Current Year Minus3 Years CurrentYearMinus3Years
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 18134478 | BeginningOfYearBalance |
| Contributions | 532262 | Contributions |
| Investment Earnings Or Losses | -3272809 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | -341838 | GrantsOrScholarships |
| Other Expenditures | -473668 | OtherExpenditures |
| Administrative Expenses | -104041 | AdministrativeExpenses |
| End Of Year Balance | 14474384 | EndOfYearBalance |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated EOY Balance | 0.16000 | BoardDesignatedEOYBalance |
| Permanent Endowment EOY Balance | 0.84000 | PermanentEndowmentEOYBalance |
| Term Endowment EOY Balance | 0.00000 | TermEndowmentEOYBalance |
| Endowments Held By Unrelated Orgs | 1 | EndowmentsHeldByUnrelatedOrgs |
| Endowments Held By Related Orgs | 0 | EndowmentsHeldByRelatedOrgs |
Land Land
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 739300 | OtherCostOrOtherBasis |
| Book Value | 739300 | BookValue |
Buildings Buildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 41828508 | OtherCostOrOtherBasis |
| Depreciation | 20458073 | Depreciation |
| Book Value | 21370435 | BookValue |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 9802851 | OtherCostOrOtherBasis |
| Depreciation | 8093138 | Depreciation |
| Book Value | 1709713 | BookValue |
Other Land Buildings OtherLandBuildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 7356769 | OtherCostOrOtherBasis |
| Depreciation | 5223388 | Depreciation |
| Book Value | 2133381 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 25952829 | TotalOfBookValueLandBuildings |
Other Securities OtherSecurities (3 entries)
| DescriptionDescription | Book ValueBookValue | Method Of ValuationMethodOfValuation |
|---|---|---|
| ASSETS OF POOLED INCOME FUND | 132992 | F |
| ASSETS HELD IN CHARITABLE REMAINDER | 3895000 | F |
| BENEFICIAL INTEREST IN REMAINDER TRUST | 372270 | F |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Securities | 4400262 | TotalOfBookValueSecurities |
Other Liabilities OtherLiabilities (6 entries)
| DescriptionDescription | AmountAmount |
|---|---|
| STUDENT DEPOSITS | $154,894 |
| AGENCY FUNDS | $74,848 |
| REFUNDABLE ADVANCES FROM FEDERAL GOVERNMENT FOR STUDENT LOANS | $948,993 |
| DEFERRED COMPENSATION | $247,975 |
| LIABILITIES UNDER SPLIT-INTEREST AGREEMENTS | $2,395,428 |
| CAPITALIZED LEASE OBLIGATIONS PAYABLE | $283,409 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 4105547 | TotalOfAmounts |
| Total Revenue | 39551427 | TotalRevenue |
| Total Expenses | 39382694 | TotalExpenses |
| Excess Or Deficit For Year | 168733 | ExcessOrDeficitForYear |
| Net Unrealized GL On Investments | -975488 | NetUnrealizedGLOnInvestments |
| Other | $263,893 | OtherAmount |
| Total Adjustments | -711595 | TotalAdjustments |
| Excess Or Deficit Per FS | -542862 | ExcessOrDeficitPerFS |
| Tot Revenue Etc Audited Fincl Stmt | 30077362 | TotRevenueEtcAuditedFinclStmt |
| Net Unrealized Gains Investments | -975488 | NetUnrealizedGainsInvestments |
| Other Revenues | -8474938 | OtherRevenues |
| Revenue Not Rptd F990 | -9450426 | RevenueNotRptdF990 |
| Revenue Subtotal | 39527788 | RevenueSubtotal |
| Investment Expenses Not Included | 123771 | InvestmentExpensesNotIncluded |
| Other Revenues Not Included | -100132 | OtherRevenuesNotIncluded |
| Revenue Not Rptd On Fin Stmt | 23639 | RevenueNotRptdOnFinStmt |
| Total Revenue Per Form990 | 39551427 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 30620224 | TotExpensesEtcAuditedFinclStmt |
| Other Expenses Included | -165042 | OtherExpensesIncluded |
| Expenses Not Rptd F990 | -165042 | ExpensesNotRptdF990 |
| Expenses Subtotal | 30785266 | ExpensesSubtotal |
| Investment Expenses Not Included2 | 123771 | InvestmentExpensesNotIncluded2 |
| Other Expenses Not Included | 8473657 | OtherExpensesNotIncluded |
| Expenses Not Rptd On Fin Stmt | 8597428 | ExpensesNotRptdOnFinStmt |
| Total Expenses Per Form990 | 39382694 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIV Form990ScheduleDPartXIV (8 entries)
| Return ReferenceReturnReference | ExplanationExplanation | IdentifierIdentifier |
|---|---|---|
| PART III, LINE 4: | THE COLLEGE COLLECTIONS ARE USED FOR PUBLIC EXHIBITION, STUDENT RESEARCH AND CLASSROOM STUDY. THE COLLEGE ALSO HAS SEVERAL COLLECTIONS ON LOAN. THE COLLEGE USES THESE COLLECTIONS AS A TOOL FOR INSTRUCTION. | |
| PART V, LINE 4: | THE INCOME GENERATED FROM THE COLLEGE'S ENDOWMENT IS MAINLY UTILIZED FOR SCHOLARSHIP AID AND FUNDING OF EDUCATIONAL PROGRAMS. | DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: |
| PART X: | THE COLLEGE ACCOUNTS FOR UNCERTAINTY IN INCOME TAXES USING A RECOGNITION THRESHOLD OF MORE-LIKELY-THAN NOT TO BE SUSTAINED UPON EXAMINATION BY THE APPROPRIATE TAXING AUTHORITY. MEASUREMENT OF THE TAX UNCERTAINTY OCCURS IF THE RECOGNITION THRESHOLD IS MET. MANAGEMENT DETERMINED THERE WERE NO TAX UNCERTAINTIES THAT MET THE RECOGNITION THRESHOLD. THE COLLEGE'S ORGANIZATION EXEMPT FROM INCOME TAX RETURNS FOR 2010, 2009, AND 2008 REMAIN SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE. | DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: |
| CHANGE IN VALUATION OF SPLIT-INTEREST AGREEMENTS -1,281. RECOVERY OF COST 265,174. TOTAL TO SCHEDULE D, PART XI, LINE 8: 263,893. | PART XI, LINE 8 - OTHER ADJUSTMENTS: | |
| SCHOLARSHIP ALLOWANCES -8,473,657. CHANGE IN VALUATION OF SPLIT-INTEREST AGREEMENTS -1,281. INVESTMENT FEES | PART XII, LINE 2D - OTHER ADJUSTMENTS: | |
| RENTAL EXPENSES -96,966. FUNDRAISING EXPENSES -3,166. | PART XII, LINE 4B - OTHER ADJUSTMENTS: | |
| RENTAL EXPENSES 96,966. RECOVERY OF COSTS -265,174. FUNDRAISING EXPENSES 3,166. | PART XIII, LINE 2D - OTHER ADJUSTMENTS: | |
| SCHOLARSHIP ALLOWANCES 8,473,657. | PART XIII, LINE 4B - OTHER ADJUSTMENTS: |
Schedule E IRS990ScheduleE
| Field | Value | IRS element (for citing) |
|---|---|---|
| Nondiscriminatory Policy Stmt | 1 | NondiscriminatoryPolicyStmt |
| Policy Statement In Brochures Etc | 1 | PolicyStatementInBrochuresEtc |
| Policy Publ Via Broadcast Media | 1 | PolicyPublViaBroadcastMedia |
| Maint Racial Composition Records | 1 | MaintRacialCompositionRecords |
| Maint Scholarships Records | 1 | MaintScholarshipsRecords |
| Maint Copies Of Brochures Etc | 1 | MaintCopiesOfBrochuresEtc |
| Maint Copies Of All Solicitations | 1 | MaintCopiesOfAllSolicitations |
| Discriminate Race Students Rights | 0 | DiscriminateRaceStudentsRights |
| Discriminate Race Admiss Policies | 0 | DiscriminateRaceAdmissPolicies |
| Discriminate Race Emplmn Faculty | 0 | DiscriminateRaceEmplmnFaculty |
| Discriminate Race Scholarships | 0 | DiscriminateRaceScholarships |
| Discriminate Race Educ Policies | 0 | DiscriminateRaceEducPolicies |
| Discriminate Race Use Of Fclts | 0 | DiscriminateRaceUseOfFclts |
| Discriminate Race Athletic Prog | 0 | DiscriminateRaceAthleticProg |
| Discriminate Race Other Acty | 0 | DiscriminateRaceOtherActy |
| Government Financial Aid Received | 1 | GovernmentFinancialAidReceived |
| Government Financial Aid Revoked | 0 | GovernmentFinancialAidRevoked |
| Compliance With Rev Proc7550 | 1 | ComplianceWithRevProc7550 |
Form990 Schedule E Part II Form990ScheduleEPartII (2 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| EXPLANATION OF NONDISCRIMINATORY POLICY PUBLICATION | SCHEDULE E, PART I, LINE 3 | THE NON-DISCRIMINATION POLICY IS LISTED ON PAGE 1 OF THE ACADEMIC CATALOG WHICH IS PROVIDED TO EACH STUDENT TO USE DURING REGISTRATION AND ADVISING. |
| EXPLANATION OF GOVERNMENT FINANCIAL ASSISTANCE | SCHEDULE E, PART I, LINE 6 | THE COLLEGE ADMINISTERS HRSA SDS GRANT FUNDS, NSF GRANT FUNDS, NIH GRANT FUNDS, TITLE III, AND TITLE IV GRANT & LOAN PROGRAMS, AS WELL AS STATE GRANT ASSISTANCE THROUGH PENNSYLVANIA & RECIPROCAL STATES. |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Records Maintained | 1 | RecordsMaintained |
Form990 Schedule I Part III Form990ScheduleIPartIII (2 entries)
| Type Of GrantTypeOfGrant | Number Of RecipientsNumberOfRecipients | Amount Of Cash GrantAmountOfCashGrant |
|---|---|---|
| INSTITUTIONAL & FEDERAL AID | 721 | 8473657 |
| STUDENT AID EXPENSE | 120 | 77534 |
Form990 Schedule I Part IV Form990ScheduleIPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | PROCEDURE FOR MONITORING GRANTS IN THE U.S.: | Identifier |
| Return Reference | PART I, LINE 2: | ReturnReference |
| Explanation | SCHEDULE I, PART I, LINE 2: ALL GRANT EXPENDITURES ARE APPROVED BY THE PROJECT INITIATOR (PI) ON EACH GRANT. THOSE EXPENDITURES ARE THEN REVIEWED FOR REASONABLENESS UNDER THE GRANT BY THE FINANCE OFFICE. UNALLOWABLE COSTS ARE NOT SUBMITTED FOR REIMBURSEMENT. ALL OTHER ALLOWABLE COSTS ARE SUBMITTED FOR REIMBURSEMENT AFTER THEY ARE REVIEWED. IN ADDITION, THE COLLEGE PREPARES QUARTERLY SUMMARIES OF GRANT FUNDS THAT ARE DISTRIBUTED TO THE PI ON EACH GRANT FOR REVIEW. | Explanation |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Travel For Companions | X | TravelForCompanions |
| Housing Allowance Or Residence | X | HousingAllowanceOrResidence |
| Club Dues Or Fees | X | ClubDuesOrFees |
| Personal Services | X | PersonalServices |
| Written Policy Re T And E Expenses | 1 | WrittenPolicyReTAndEExpenses |
| Substantiation Required | 1 | SubstantiationRequired |
| Compensation Committee | X | CompensationCommittee |
| Independent Consultant | X | IndependentConsultant |
| Form990 Of Other Organizations | X | Form990OfOtherOrganizations |
| Written Employment Contract | X | WrittenEmploymentContract |
| Compensation Survey | X | CompensationSurvey |
| Board Or Committee Approval | X | BoardOrCommitteeApproval |
| Severance Payment | 0 | SeverancePayment |
| Supplemental Nonqual Retire Plan | 0 | SupplementalNonqualRetirePlan |
| Equity Based Comp Arrangement | 0 | EquityBasedCompArrangement |
| Comp Based On Revenue Of Filing Org | 0 | CompBasedOnRevenueOfFilingOrg |
| Comp Based On Revenue Related Orgs | 0 | CompBasedOnRevenueRelatedOrgs |
| Comp Based Net Earnings Filing Org | 0 | CompBasedNetEarningsFilingOrg |
| Comp Based Net Earnings Relate Orgs | 0 | CompBasedNetEarningsRelateOrgs |
| Any Non Fixed Payments | 0 | AnyNonFixedPayments |
| Initial Contract Exception | 0 | InitialContractException |
Form990 Schedule J Part II Form990ScheduleJPartII (4 entries)
| Base Compensation Filing OrgBaseCompensationFilingOrg | Comp Based On Related OrgsCompBasedOnRelatedOrgs | Bonus Filing OrgBonusFilingOrg | Bonus Related OrgsBonusRelatedOrgs | Other Compensation Filing OrgOtherCompensationFilingOrg | Other Compensation Related OrgsOtherCompensationRelatedOrgs | Deferred Comp Filing OrgDeferredCompFilingOrg | Deferred Comp Related OrgsDeferredCompRelatedOrgs | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrg | Nontaxable Benefits Related OrgsNontaxableBenefitsRelatedOrgs | Total Compensation Filing OrgTotalCompensationFilingOrg | Total Compensation Related OrgsTotalCompensationRelatedOrgs | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrg | Comp Report Prior990 Related OrgsCompReportPrior990RelatedOrgs |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| CARMEN TWILLIE AMBAR ESQ | |||||||||||||
| 313036 | 0 | 0 | 0 | 7516 | 0 | 20000 | 0 | 36615 | 0 | 377167 | 0 | 0 | 0 |
| KIMBERLY OWENS | |||||||||||||
| 133274 | 0 | 0 | 0 | 247 | 0 | 0 | 0 | 16981 | 0 | 150502 | 0 | 0 | 0 |
| PATRICIA MORAN | |||||||||||||
| 173483 | 0 | 0 | 0 | 5800 | 0 | 0 | 0 | 20630 | 0 | 199913 | 0 | 0 | 0 |
| BETTY POWELL | |||||||||||||
| 156583 | 0 | 0 | 0 | 2361 | 0 | 0 | 0 | 19281 | 0 | 178225 | 0 | 0 | 0 |
Form990 Schedule J Part III Form990ScheduleJPartIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Reference | PART I, LINE 1A | ReturnReference |
| Explanation | THE COLLEGE PRESIDENT IS REQUIRED, AS A CONDITION OF EMPLOYMENT, TO LIVE AT THE COLLEGE'S PRESIDENTIAL RESIDENCE. THIS BENEFIT WAS NOT INCLUDED IN TAXABLE COMPENSATION AS IT QUALIFIED FOR EXCLUSION UNDER INTERNAL REVENUE CODE SECTION 119(D) INCLUDING REQUIRED AS A CONDITION OF EMPLOYMENT, FOR THE CONVENIENCE OF THE EMPLOYER AND ON OR NEAR THE CAMPUS. THE COLLEGE PROVIDES COUNTRY CLUB DUES AND A RESIDENCE HOME MANAGER FOR THE COLLEGE PRESIDENT AND A CAR ALLOWANCE FOR THE VP OF INSTITUTIONAL ADVANCEMENT. THESE BENEFITS ARE INCLUDED IN TAXABLE COMPENSATION. | Explanation |
Schedule K IRS990ScheduleK
Form990 Schedule K Part I Form990ScheduleKPartI (3 entries)
| Issuer EINIssuerEIN | CUSIP NumberCUSIPNumber | Date IssuedDateIssued | Issue PriceIssuePrice | Description Of PurposeDescriptionOfPurpose | DefeasedDefeased | On Behalf Of IssuerOnBehalfOfIssuer | Pool FinancingPoolFinancing |
|---|---|---|---|---|---|---|---|
| LEHIGH COUNTY GENERAL PURPOSE AUTHORITY | |||||||
| 911886539 | 5248053G1 | 2006-04-01 | 17496547 | FINANCE DANCE STUDIO & FACULTY OFFICE SPACE CONSTRUCTION, REFUND PY BONDS | 0 | 0 | 0 |
| LEHIGH COUNTY INDUSTRIAL DEVELOPMENT AUTHORITY | |||||||
| 232244109 | 2007-02-15 | 3100000 | FINANCE ACQUISITION OF HAMILTON BLVD BUILDING | 0 | 0 | 0 | |
| LEHIGH COUNTY INDUSTRIAL DEVELOPMENT AUTHORITY | |||||||
| 232244109 | 2009-08-31 | 1940521 | FINANCE THE RENOVATION OF THE BISTRO | 0 | 0 | 0 | |
Form990 Schedule K Part II Form990ScheduleKPartII (3 entries)
| Amount RetiredAmountRetired | Total ProceedsTotalProceeds | Amount In Reserve FundAmountInReserveFund | Issuance Costs From ProceedsIssuanceCostsFromProceeds | Capital ExpendituresCapitalExpenditures | Year Of Subst CompletionYearOfSubstCompletion | Current RefundingCurrentRefunding | Advance RefundingAdvanceRefunding | Final Allocation MadeFinalAllocationMade | Adequate Books And Recds MaintaindAdequateBooksAndRecdsMaintaind | Other Spent ProceedsOtherSpentProceeds |
|---|---|---|---|---|---|---|---|---|---|---|
| 1795000 | 17496547 | 1438945 | 838096 | 15219506 | 2006 | 0 | 0 | 1 | 1 | |
| 245840 | 3100000 | 29115 | 2211087 | 2007 | 0 | 0 | 1 | 1 | ||
| 239706 | 1940521 | 44950 | 510247 | 2009 | 0 | 0 | 1 | 1 | 1385324 |
Form990 Schedule K Part III Form990ScheduleKPartIII (3 entries)
| Owning Bond Financed PropertyOwningBondFinancedProperty | Any Lease ArrangementsAnyLeaseArrangements | Mngment Cntrct Bond Financd PrprtyMngmentCntrctBondFinancdPrprty | Any Research AgreementsAnyResearchAgreements | Post Issuance Compliance ProcdrsPostIssuanceComplianceProcdrs |
|---|---|---|---|---|
| 0 | 0 | 0 | 0 | 1 |
| 0 | 0 | 0 | 0 | 1 |
| 0 | 0 | 0 | 0 | 1 |
Form990 Schedule K Part IV Form990ScheduleKPartIV (3 entries)
| Form8038 T FiledForm8038TFiled | Variable Rate IssueVariableRateIssue | Hedge Identified In Books And RecdsHedgeIdentifiedInBooksAndRecds | Gross Proceeds Invested In GICGrossProceedsInvestedInGIC | Gross Proceeds InvestedGrossProceedsInvested | Exception To RebateExceptionToRebate |
|---|---|---|---|---|---|
| 1 | 0 | 0 | 0 | 0 | 0 |
| 1 | 0 | 0 | 0 | 0 | 0 |
| 1 | 0 | 0 | 0 | 0 | 0 |
Schedule M IRS990ScheduleM
Securities Publicly Traded SecuritiesPubliclyTraded
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Number Of Contributions | 8 | NumberOfContributions |
| Noncash Contribs Rptd F990 | 40832 | NoncashContribsRptdF990 |
| Method Of Determining Revenues | FMV | MethodOfDeterminingRevenues |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Any Property That Must Be Held | 0 | AnyPropertyThatMustBeHeld |
| Review Process Unusual NC Gifts | 1 | ReviewProcessUnusualNCGifts |
| Third Parties Used | 1 | ThirdPartiesUsed |
Form990 Schedule M Part II Form990ScheduleMPartII (2 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| METHOD FOR DETERMINING NUMBER OF CONTRIBUTORS: | PART I, COLUMN (B): | SCHEDULE M, PART I, COLUMN (B): THE NUMBER OF CONTRIBUTORS REPORTED IS BASED ON THE FOLLOWING: SECURITIES - NUMBER OF CONTRIBUTORS. |
| THIRD PARTY USE: | PART I, LINE 32B: | THE ORGANIZATIONS USES AN INVESTMENT MANAGER TO SELL DONATIONS OF STOCK. |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (7 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| NEW PROGRAM SERVICES | FORM 990, PART III, LINE 2 | THE NEW MEDIA PROGRAM ALLOWS STUDENTS TO ADAPT TO NEW TECHNOLOGY AND TRENDS WHILE STILL MAINTAINING THE TRADITIONAL SKILLS AND WORK ETHICS OF PROFESSIONAL REPORTERS, JOURNALISTS, ARTISTS AND DESIGNERS. THE NEW MEDIA STUDIES PROGRAM HELPS STUDENTS DISCOVER HOW PEOPLE EXPERIENCE AND UNDERSTAND MEDIA CONTENT, AND EXPLORE THE ROLES OF THE MEDIA IN OUR RAPIDLY EVOLVING SOCIETY. STUDENTS ALSO LEARN HOW TO ANALYZE AND CRITIQUE MEDIA TEXTS, INCLUDING THOSE IN NEWSPAPERS, MAGAZINES, FILM, ADVERTISEMENTS AND NEW MEDIA AND CREATE WRITTEN, ORAL, AND VISUAL MEDIA. |
| FORM 990, PART VI, SECTION B, LINE 11 | THE MANAGER OF ACCOUNTING COORDINATES THE PREPARATION OF THE FORM 990 BY THE COLLEGE'S ACCOUNTING FIRM. THE FORM IN ITS ENTIRETY IS REVIEWED BY THE CHIEF FINANCIAL OFFICER/TREASURER. THE FORM IS THEN PRESENTED TO THE AUDIT COMMITTEE OF THE BOARD OF TRUSTEES & ANY QUESTIONS ARE ADDRESSED BY THE CFO. | |
| FORM 990, PART VI, SECTION B, LINE 12C | MEMBERS OF THE BOARD OF TRUSTEES AND MEMBERS OF COMMITTEES THEREOF ARE REQUIRED TO SIGN A CONFLICT OF INTEREST STATEMENT ANNUALLY. THE CONFLICT OF INTEREST STATEMENTS ARE MAINTAINED AND MONITORED WITHIN THE OFFICE OF THE PRESIDENT AT THE COLLEGE. POTENTIAL CONFLICTS IDENTIFIED ARE PRESENTED TO THE CHAIR OF THE BOARD OF TRUSTEES WHO CONSULTS WITH THE PRESIDENT AND THE CHIEF FINANCIAL OFFICER AT THE COLLEGE WHO REVIEWS THE INFORMATION PROVIDED. ADDITIONAL INFORMATION IS REQUESTED WHEN NECESSARY. ALL NEW TRUSTEES ARE EVALUATED BY THE FULL BOARD OF TRUSTEES, THE PRESIDENT AND THE CFO FOR POTENTIAL CONFLICTS. ANY IDENTIFIED CONFLICTS ARE ADDRESSED IMMEDIATELY. BOARD MEMBERS WILL OBSTAIN FROM VOTING ON SUCH MATTERS IN WHICH THEY HAVE IDENTIFIED A CONFLICT. FORM 990, PART VI, SECTION B, LINE 14: THE COLLEGE IS CURRENTLY IN THE PROCESS OF DEVELOPING A RECORDS RETENTION POLICY. THEY EXPECT THIS TO BE COMPLETED DURING 2013. | |
| FORM 990, PART VI, SECTION B, LINE 15 | THE COMPENSATION FOR THE PRESIDENT WAS SET IN 2008 AFTER AN INDEPENDENT CONSULTANT, CORPORATE COMPENSATION PARTNERS, LLC, CONDUCTED A COMPENSATION STUDY, INCLUDING A REVIEW OF PEER INSTITUTIONS. THE REPORT WAS UTILIZED BY THE TRUSTEE COMPENSATION COMMITTEE IN SETTING THE SALARY FOR THE PRESIDENT. CABINET MEMBERS' COMPENSATION IS REVIEWED INTERNALLY AND COMPARED TO PEERS IN SIMILAR CATEGORIES. A FULL COMPENSATION STUDY IS NOT REQUIRED OR NECESSARY AS IN THE CASE WITH THE PRESIDENT. WHEN NATIONAL SEARCHES ARE COMPLETED, THE COLLEGE SPEAKS WITH THE CONSULTANTS AS WELL TO REVIEW SALARY REQUIREMENTS AND ENSURE THEY ARE IN LINE WITH THE GOING RATE FOR SUCH POSITION. COMPENSATION MUST BE APPROVED BY THE PRESIDENT. | |
| FORM 990, PART VI, SECTION C, LINE 19 | FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC THROUGH THE FOLLOWING VEHICLES: DUN & BRADSTREET; BLOOMBERG MUNICIPAL REPOSITORY AND FT INTERACTIVE DATA ATTN: NRMSIR. THE GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. | |
| CHANGES IN NET ASSETS OR FUND BALANCES: | FORM 990, PART XI, LINE 5: | NET UNREALIZED LOSSES ON INVESTMENTS: -975,488. CHANGE IN VALUATION OF SPLIT-INTEREST AGREEMENTS -1,281. RECOVERY OF COST 265,174. TOTAL TO FORM 990, PART XI, LINE 5: -711,595. |
| FORM 990, PART VI, SECTION A, LINE 1A: | THE EXECUTIVE COMMITTEE SHALL BE COMPRISED OF THE FOLLOWING: THE CHAIRPERSON, VICE CHAIRPERSON TO THE BOARD, PRESIDENT TO THE COLLEGE, PRESIDENT OF THE ALUMNI ASSOCIATION, AND CHAIRS OF THE FOLLOWING COMMITTEES: COMPENSATION, ACADEMIC AFFAIRS, ADVANCEMENT, ENROLLMENT MANAGEMENT AND STUDENT LIFE, FINANCE AND ENDOWMENT. IN ADDITION, THE CHAIRPERSON OF THE BOARD MAY APPOINT UP TO TWO AD HOC MEMBERS TO SERVE ON THE EXECUTIVE COMMITTEE. THE CHAIRPERSON MAY INVITE OTHER BOARD MEMBERS TO ATTEND EXECUTIVE COMMITTEE MEETINGS AS NEEDED WHEN RELEVANT EXPERTISE IS REQUIRED. THE CHAIRPERSON OF THE BOARD SHALL BE THE CHAIR OF THE EXECUTIVE COMMITTEE. THE EXECUTIVE COMMITTEE SHALL POSSESS AND EXERCISE ALL EXECUTIVE AND SUPERVISORY POWERS OF THE BOARD OF TRUSTEES IN THE INTERVALS BETWEEN MEETINGS OF THE BOARD, SUBJECT, HOWEVER, TO THE REGULATIONS, INSTRUCTIONS AND AUTHORIZATIONS AS MAY FROM TIME TO TIME BE MADE AND GIVEN BY THE BOARD. MEETINGS MAY BE CONVENED TO SET THE AGENDA FOR THE COMING ACADEMIC YEAR OR TO ADVISE THE PRESIDENT AND BOARD CHAIR. SPECIAL MEETINGS MAY BE CALLED BY THE CHAIRPERSON OF THE BOARD OR UPON THE REQUEST OF ANY TWO MEMBERS OF THE EXECUTIVE COMMITTEE. AT LEAST THREE (3) DAYS NOTICE OF THE CONVENING OF A SPECIAL MEETING OF THE EXECUTIVE COMMITTEE SHALL BE GIVEN BY THE SECRETARY, EXCEPT IN CASES OF EXTREME EMERGENCY. MINUTES OF THE PROCEEDINGS OF THE EXECUTIVE COMMITTEE AND A REPORT OF ITS ACTIONS SHALL BE DISTRIBUTED BY THE SECRETARY TO TRUSTEE MEMBERS IN ADVANCE OF THE NEXT CONVENED MEETING OF THE BOARD AND ACCORDING TO ESTABLISHED PROCEDURES. |