2026-02-11T12:35:09-06:00 2025-06-30 251622758 MAHER DUESSEL CPA'S 4250 CRUMS MILL ROAD SUITE 302 HARRISBURG PA 17112 990 2024-07-01 231352692 WILSON COLLEGE WILS 7172622544 1015 PHILADELPHIA AVENUE CHAMBERSBURG PA 17201 JOSEPH RYAN VP FOR FINANCE & ADMIN. 7172642212 2026-02-06 1 0 P00168809 7172321230 2026-02-06 2024 2025-03-06 01:10:19Z JOSEPH RYAN 1015 PHILADELPHIA AVENUE CHAMBERSBURG PA 17201 57598333 0 X WWW.WILSON.EDU X 1869 PA WILSON COLLEGE IS A PRIVATE, LIBERAL ARTS INSTITUTION COMMITTED TO ACCESS AND AFFORDABILITY IN HIGHER EDUCATION. DEGREES ARE OFFERED IN 34 UNDERGRADUATE MAJORS WITH 40 MINORS AS WELL AS 10 GRADUATE-LEVEL PROGRAMS OF STUDY. 22 22 604 143 132849 0 10230289 4907065 26473574 28494375 2616327 5304953 367519 348196 39687709 39054589 7572459 8191284 0 0 13200323 14141828 0 0 922125 15947832 16375263 36720614 38708375 2967095 346214 141686752 146064197 36656780 35005463 105029972 111058734 X WILSON COLLEGE EMPOWERS STUDENTS TO BE CONFIDENT AND CRITICAL THINKERS, CREATIVE VISIONARIES, EFFECTIVE COMMUNICATORS, HONORABLE LEADERS, AND AGENTS OF JUSTICE. 0 0 26880956 8191284 28495351 FOUNDED IN 1869 AS AN INDEPENDENT, NON-PROFIT COLLEGE FOR WOMEN, WILSON COLLEGE REMAINS FOCUSED ON DELIVERING AN ACCESSIBLE AND AFFORDABLE EDUCATION ROOTED IN THE LIBERAL ARTS AND SCIENCES. IN 1982, THE COLLEGE WAS ONE OF THE FIRST IN THE REGION TO BEGIN OFFERING A CONTINUING STUDIES PROGRAM TO MEET THE NEEDS OF A GROWING POPULATION OF ADULTS SEEKING A POST-SECONDARY EDUCATION. IN 1996, THE COLLEGE WAS ONE OF THE FIRST IN THE NATION TO OFFER ON-CAMPUS, RESIDENTIAL EDUCATION FOR SINGLE PARENTS WITH CHILDREN. IN 2022, THE COLLEGE LAUNCHED WILSON COLLEGE ONLINE, FURTHER EMBRACING ITS FOCUS ON ACCESSIBILITY TO UNDERSERVED POPULATIONS. TODAY, WILSON ADMITS WOMEN AND MEN OF ALL AGES TO ITS BACHELOR'S AND ASSOCIATE DEGREES, AS WELL AS POST-BACCALAUREATE AND GRADUATE PROGRAMS. BY PROVIDING A QUALITY, PRIVATE EDUCATION AT A PRICE COMPETITIVE WITH REGIONAL PUBLIC INSTITUTIONS, WILSON REMAINS COMMITTED TO DELIVERING VALUE AND AFFORDABILITY TO ITS STUDENTS AND THEIR FAMILIES. IN THE FALL OF 2025, THE COLLEGE REACHED ITS HIGHEST TOTAL ENROLLMENT IN ITS HISTORY WITH 1,705 ENROLLED STUDENTS. 26880956 1 1 0 0 0 0 0 1 0 1 1 0 0 1 1 1 1 0 1 0 0 0 1 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 2878 0 1 604 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 22 22 0 1 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 1 1 PA X JOSEPH RYAN VP FOR FINANCE & ADMIN 7172622544 1015 PHILADELPHIA AVENUE CHAMBERSBURG PA 17201 JENNIFER N BANZHOF CHAIR 1.00 X X 0 0 0 J SAMUEL HOUSER VICE CHAIR 1.00 X X 0 0 0 WESLEY R FUGATE PRESIDENT 40.00 X 281667 0 39111 MELISSA IMES SECRETARY 40.00 X X 59178 0 13178 SUE ANN COOK TRUSTEE 1.00 X 0 0 0 WILLIAM P KIEHL TRUSTEE 1.00 X 0 0 0 LINDA E KRACH TRUSTEE 1.00 X 0 0 0 MAXINE L GINDLESPERGER TRUSTEE 1.00 X 0 0 0 HILLARIE FLOOD TRUSTEE 1.00 X 0 0 0 MARGARET H DUPREY TRUSTEE 1.00 X 0 0 0 JUDY YOUNG TRUSTEE 1.00 X 0 0 0 JUDITH C GROVE TRUSTEE 1.00 X 0 0 0 DAVID S KELLER TRUSTEE 1.00 X 0 0 0 PATRICIA W BENNETT TRUSTEE 1.00 X 0 0 0 J SAMUEL HOUSER TRUSTEE 1.00 X 0 0 0 MARY JO MAYDEW TRUSTEE 1.00 X 0 0 0 GAIL E SAXTON TRUSTEE 1.00 X 0 0 0 FLOYD W ROBINSON JR TRUSTEE 1.00 X 0 0 0 GWENDOLYN SYKES TRUSTEE 1.00 X 0 0 0 BENJAMIN GREENFIELD TRUSTEE 1.00 X 0 0 0 RHONA APPLEBAUM TRUSTEE 1.00 X 0 0 0 SALLY SULCOVE TRUSTEE 1.00 X 0 0 0 RACHAEL WAGNER TRUSTEE 1.00 X 0 0 0 TRACY LESKEY TRUSTEE 1.00 X 0 0 0 SUSAN M ANGELE TRUSTEE 1.00 X 0 0 0 JOSEPH P RYAN VP FINANCE & ADMIN/TREASUR 40.00 X 0 0 0 ELISSA HEIL VP ACADEMIC AFFAIRS 40.00 X 160480 0 20444 KATHERINE BUCK VP STUDENT DEVELOPMENT 40.00 X 127151 0 17995 CASSANDRA LATIMER VP MARKETING AND COMMUNICA 40.00 X 121241 0 17862 ANGELA ZIMMERMAN VP FOR INSTITUTIONAL ADVAN 40.00 X 138831 0 18387 WILLIAM SOMMERS VP ENROLLMENT MANAGEMENT 40.00 X 137962 0 28398 1026510 0 155375 6 0 1 0 SAGE DINING SERVICES INC 1402 YORK ROAD SUITE 100 LUTHERVILLE MD 21093 FOOD SERVICE 1892913 HES FACILITIES LLC 9202 S NORTHSHORE DR SUITE 202 KNOXVILLE TN 37922 MAINTENANCE CONTRACTOR 1699816 SHARED SERVICES HEALTH PLAN TRUST PO BOX 1224 LITITZ PA 17543 HEALTH SERVICES 1599740 ARCHER EDUCATION PO BOX 2012 OVERLAND PARK KS 66210 EDUCATIONAL SERVICES 1552187 HB MCCLURE COMPANY PO BOX 1745 HARRISBURG PA 17105 MAINTENANCE CONTRACTOR 936938 21 728901 4178164 60287 4907065 TUITION AND FEES 611710 24058012 24058012 ROOM AND BOARD 611710 4238928 4238928 STABLE OPERATIONS 611710 82337 71367 10970 BOOKSTORE 611710 76395 76395 CAFE 611710 38703 38703 28494375 2896247 2896247 24628 15236 9392 9392 9392 20937214 18528508 2408706 2408706 2408706 ROOM RENTAL 531110 133825 11946 121879 FEES AND FINES 900099 5602 5602 199377 199377 338804 39054589 28495351 132849 5519324 8088986 8088986 102298 102298 486029 352264 111625 22140 10975557 7964394 2517886 493277 638078 456110 147517 34451 1159917 835224 270045 54648 882247 651966 192600 37681 3817130 1617387 2187792 11951 77488 77488 65005 65005 102694 102694 1105042 464189 614498 26355 522066 197868 316251 7947 879096 526549 316068 36479 839971 40412 799559 869054 605118 243178 20758 596199 457130 56120 82949 292371 173586 110495 8290 2006263 1396952 561390 47921 2672386 1629995 1042391 554013 385757 155023 13233 MAINTENANCE/PLANT FACIL 941483 655551 263444 22488 BAD DEBT EXPENSE 286750 286750 SELF-STUDY 120073 16642 103431 BANK SERVICE CHARGES 31442 31442 596737 262578 332602 1557 38708375 26880956 10905294 922125 19073846 17362081 3825852 2337644 483544 1352426 426929 341942 80100 66233 1320980 1247506 92742834 54487864 39089159 38254970 64749552 71993357 337474 159134 12299316 12948904 141686752 146064197 1514280 2183035 989058 1041833 33514366 31377994 639076 402601 36656780 35005463 X 33919148 35446304 71110824 75612430 105029972 111058734 141686752 146064197 X 346214 4933690 748858 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 48650 X X X 0 58180108 734765 9065411 2120288 1464530 64395466 51821936 312222 8136624 977867 1112807 58180108 48385224 627983 5852960 1399984 1644247 51821936 58225027 1182112 -8851640 1049259 1121016 48385224 43393030 5525873 11525315 1087918 1131273 58225027 0.24700 0.75300 1 0 531750 531750 77962046 42466717 35495329 13889268 12021147 1868121 359770 359770 38254970 ASSETS HELD IN TRUST UNDER SPLIT INTEREST AGREEMENTS 12782973 RIGHT TO USE ASSET 165931 12948904 FUNDS HELD IN CUSTODY FOR OTHERS 90886 CAPITAL LEASE OBLIGATIONS 99520 ADVANCES FROM US GOVERNMENT FOR STUDENT LOANS 46264 OPERATING LEASE LIABILITY 165931 402601 X 36485896 4933690 -7517619 -2583929 39069825 -15236 -15236 39054589 30457135 15236 15236 30441899 102694 8163782 8266476 38708375 PART X, LINE 2: THE COLLEGE IS A NOT-FOR-PROFIT ORGANIZATION AS DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND IS EXEMPT FROM FEDERAL INCOME TAXES ON RELATED INCOME PURSUANT TO SECTION 501(A) OF THE CODE. 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 IN FISCAL 2023 AND 2022. THE COLLEGE'S POLICY IS TO RECOGNIZE INTEREST RELATED TO UNRECOGNIZED TAX BENEFITS IN INTEREST EXPENSE AND PENALTIES IN OPERATING EXPENSES. PART XI, LINE 2D - OTHER ADJUSTMENTS: STUDENT FINANCIAL AID (NETTED AGAINST TUITION ON FINANCIAL STATEMENTS) -8,041,251. CHANGE IN BENEFICIAL INTEREST IN PERPETUAL TRUSTS 748,858. INVESTMENT FEES (NETTED AGAINST REVENUE ON FINANCIAL STATEMENTS) -102,694. TUITION REMISSION-ROOM AND BOARD -122,532. PART XI, LINE 4B - OTHER ADJUSTMENTS: RENTAL EXPENSES -15,236. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES 15,236. PART XII, LINE 4B - OTHER ADJUSTMENTS: STUDENT FINANCIAL AID (NETTED AGAINST TUITION ON FINANCIAL STATEMENTS) 8,041,251. TUITION REMISSION-ROOM AND BOARD 122,531. PART III, LINE 4: THE HANKEY CENTER SERVES AS COLLEGE ARCHIVES, WHICH INLCUDES THE C ELIZABETH BOYD ('33) ARCHIVES AND THE BARRON BLEWETT HUNNICUTT CLASSICS GALLERY. THE HANKEY CENTER IS NAMED IN HONOR OF JOAN HANKEY ('59), THE DONOR THAT HAS MADE IT POSSIBLE FOR WILSON TO KEEP ALIVE THE HISTORY OF WOMEN AT WILSON AND TO FURTHER THE ADVANCEMENT AND EDUCATION OF WOMEN AND GIRLS GLOBALLY. PART V, LINE 4: INCOME FROM ENDOWMENT FUNDS ARE TO PROVIDE SCHOLARSHIPS, SUPPORT FACULTY/STAFF DEVELOPMENT, AND TO SUPPORT OPERATIONS OF THE COLLEGE. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 THE ORGANIZATION'S NONDISCRIMINATION POLICY IS IN ALL OF ITS PUBLICATIONS, INCLUDING THE SCHOOL'S CATALOG AND COURSE ROSTER. SCHEDULE E, PART I, LINE 6 THE COLLEGE RECEIVES VARIOUS FEDERAL GRANTS DIRECTLY FROM THE U.S. DEPARTMENT OF EDUCATION. THESE GRANTS INCLUDE SUPPLEMENTAL EDUCATION OPPORTUNITY GRANTS, COLLEGE WORK-STUDY FUNDING, AND PELL GRANTS. THE COLLEGE ALSO RECEIVES GRANTS FROM THE COMMONWEALTH OF PENNSYLVANIA, THE MOST SIGNIFICANT OF WHICH IS THE INSTITUTIONAL ASSISTANCE GRANT. 0 SCHOLARSHIP/TUITION REMISSION 0 0 0 0 0 0 0 0 0 SCHOLARSHIP/TUITION REMISSION SUB-SAHARAN AFRICA - ANGOLA, BENIN, BOTSWANA, BURKINA FASO, 1 19500 OTHER - APPLIED AGAINST TUITION N/A SCHOLARSHIP/TUITION REMISSION RUSSIA AND NEIGHBORING STATES - ARMENIA, AZERBIJAN, BELARUS, 2 20431 OTHER - APPLIED AGAINST TUITION N/A SCHOLARSHIP/TUITION REMISSION EAST ASIA AND THE PACIFIC - AUSTRALIA, BRUNEI, BURMA, CAMBODIA, 1 7500 OTHER - APPLIED AGAINST TUITION N/A SCHOLARSHIP/TUITION REMISSION EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIU 1 14611 OTHER - APPLIED AGAINST TUITION N/A SCHOLARSHIP/TUITION REMISSION SOUTH ASIA - AFGHANISTAN, BANGLADESH, BHUTAN, INDIA, MALDIVES, NEPAL, 1 20265 OTHER - APPLIED AGAINST TUITION N/A SCHOLARSHIP/TUITION REMISSION MIDDLE EAST AND NORTH AFRICA 1 19991 OTHER - APPLIED AGAINST TUITION N/A 0 0 0 0 0 0 1 STUDENT WORK-STUDY 76 145264 N/A N/A TUITION EXCHANGE AND REMISSION STUDENTS ENROLLED 73 298822 N/A N/A INSTITUTIONAL SCHOLARSHIPS AND GRANTS 524 7023701 N/A N/A ENDOWED SCHOLARSHIPS 252 621199 N/A N/A N/A PART I, LINE 2: SCHOLARSHIP FUNDS ARE AWARDED TO STUDENTS WHO MEET THE FINANCIAL REQUIREMENTS AS DEMONSTRATED BY THE RESULTS FROM FEDERAL FREE APPLICATION FOR FEDERAL STUDENT AID. ENDOWED SCHOLARSHIP RECIPIENTS ALSO MEET THE SPECIFIC CRITERIA AS IDENTIFIED BY THE DONORS. INSTITUTIONAL FINANCIAL AID IS ALSO AWARDED TO STUDENTS WHO MEET SPECIFIC MERIT OR AFFILIATION CRITERIA. RECIPIENTS OT TUITION REMISSION AND EXCHANGE PROGRAMS FOR WILSON COLLEGE EMPLOYEES ARE VERIFIED FIRST BY THE DIRECTOR OF HUMAN RESOURCES. RECIPIENTS OF TUITION EXCHANGE PROGRAMS FROM OTHER COLLEGES AND UNIVERSITIES ARE VERIFIED FIRST BY THE FINANCIAL AID DEPARTMENT. X X X 1 1 X X X X X 0 0 0 0 0 0 0 0 0 WESLEY R FUGATE PRESIDENT 271667 0 10000 0 0 0 21125 0 17986 0 320778 0 0 0 ELISSA HEIL VP ACADEMIC AFFAIRS 160000 0 0 0 480 0 12000 0 8444 0 180924 0 0 0 ANGELA ZIMMERMAN VP FOR INSTITUTIONAL ADVAN 138831 0 0 0 0 0 10412 0 7975 0 157218 0 0 0 WILLIAM SOMMERS VP ENROLLMENT MANAGEMENT 137482 0 0 0 480 0 10311 0 18087 0 166360 0 0 0 PART I, LINE 1A WESLEY FUGATE, PRESIDENT, HAS ON CAMPUS HOUSING AS A CONDITION OF EMPLOYMENT AND FOR THE CONVENIENCE OF THE EMPLOYER, THE PRESIDENT IS REQUIRED TO LIVE ON CAMPUS HOUSING. THEREFORE, NONE OF THE BENEFIT WAS TREATED AS TAXABLE COMPENSATION. ADDITIONALLY, THE COLLEGE HOUSING IS USED FOR FUNDRAISING AND CAMPUS RELATED EVENTS. THE COLLEGE PAYS COUNTRY CLUB DUES AS WELL AS MEMBERSHIPS IN PROFESSIONAL ASSOCIATIONS FOR THE PRESIDENT. BECAUSE THESE DUES ARE RELATED TO FUNDRAISING EFFORTS, THEY WERE NOT TREATED AS TAXABLE COMPENSATION. A MUNICIPAL AUTHORITY BOROUGH OF CHAMBERSBURG 251742939 157881AE3 2018-10-31 35210000 CONSTRUCTION OF SCIENCE CENTER BUILDING 0 0 0 A 35210000 938346 31237209 2934600 2009 1 0 1 1 A 0 0 0 0 0 0 1 A 0 0 0 1 0 0 0 0 0 A 0 DATE REBATE COMPUTATION PERFORMED ISSUER NAME: MUNICIPAL AUTHORITY BOROUGH OF CHAMBERSBURG DATE THE REBATE COMPUTATION WAS PERFORMED: 11/28/2012 X 30070 FAIR MARKET VALUE X 1612 FAIR MARKET VALUE X HORSES 3 19996 FAIR MARKET VALUE X HORSE EQUIPMENT/SUPPLIES 0 8609 FAIR MARKET VALUE 0 1 1 PART I, LINE 32B: THE COLLEGE USES HANOVER CAPITAL MANAGEMENT TO SELL STOCK THAT IS RECEIVED AS A CONTRIBUTION, AS NEEDED. FORM 990, PART VI, SECTION A, LINE 3 THE COLLEGE OUTSOURCED ITS PHYSICAL PLANT, FOOD SERVICES, CAMPUS SAFETY, AND CONFERENCES. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 WAS REVIEWED FIRST BY THE PRESIDENT AND CAMPUS LEADERSHIP. PURSUANT TO THE BOARD'S DELEGATION OF AUTHORITY, THE FORM 990 WAS SUBMITTED TO THE AUDIT COMMITTEE FOR REVIEW AND APPROVAL. FOLLOWING THE AUDIT COMMITTEE'S REVIEW AND APPROVAL, THE FORM 990 WAS PROVIDED TO EACH TRUSTEE PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE WILSON COLLEGE CONFLICT OF INTEREST POLICY PROTECTS THE INTERESTS OF THE COLLEGE IN CONNECTION WITH ANY TRANSACTION OR ARRANGEMENT THAT MIGHT BENEFIT THE PRIVATE INTERESTS OF ANY COVERED PERSON. A "COVERED PERSON" INCLUDES EACH OF THE COLLEGES TRUSTEES, OFFICERS, MEMBERS OF ANY COMMITTEE OF THE COLLEGE'S BOARD OF TRUSTEES WITH AUTHORITY TO ACT ON BEHALF OF THE TRUSTEES, AND THE COLLEGE'S EXECUTIVE EMPLOYEES AND ANY OTHER MANAGER OR SUPERVISOR IDENTIFIED BY THE BOARD OF TRUSTEES OR THE PRESIDENT AS EXERCISING SUBSTANTIAL INFLUENCE OVER THE OPERATIONS OF THE COLLEGE. EACH COVERED PERSON IS REQUIRED TO SIGN A STATEMENT THAT AFFIRMS THAT THEY READ, UNDERSTAND, AND AGREE TO COMPLY WITH THE POLICY. THEY ARE ALSO REQUIRED TO SUBMIT, ON AN ANNUAL BASIS, A QUESTIONNAIRE DISCLOSING THEIR ACTUAL AND POTENTIAL CONFLICTS OF INTEREST. POTENTIAL CONFLICTS OF INTEREST IDENTIFIED THROUGH THE REVIEW OF THE QUESTIONNAIRE BY THE SECRETARY AND VICE PRESIDENT OF FINANCE AND ADMINISTRATION, OR OTHER POTENTIAL CONFLICTS OF INTEREST ARISING DURING CONSIDERATION OF A TRANSACTION OR ARRANGEMENT ARE REPORTED TO THE BOARD'S AUDIT COMMITTEE. THE AUDIT COMMITTEE WILL EVALUATE THE DISCLOSURES AND THE MATERIAL FACTS AND DETERMINE WHETHER THERE IS A CONFLICT OF INTEREST. THE AUDIT COMMITTEE MAY REFER THE MATTER TO THE BOARD FOR SUCH A DETERMINATION. IF IT IS DETERMINED THAT NO CONFLICT OF INTEREST EXISTS, THE COVERED PERSON MAY PARTICIPATE FULLY IN THE DISCUSSION OF AND VOTE ON THE PROPOSED TRANSACTION OR ARRANGEMENT. FORM 990, PART VI, SECTION B, LINE 15 THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES REVIEWS CURRENT SALARY AND MAKES RECOMMENDATION TO THE BOARD OF TRUSTEES. DATA FROM THE FOLLOWING SOURCES ARE USED TO ENSURE THAT COMPENSATION DOES NOT EXCEED FAIR MARKET VALUE: SALARIES OF PEER AND ASPIRANT COLLEGES, GUIDESTAR INFORMATION, AND RELEVANT SALARY SURVEYS, INCLUDING BUT NOT LIMITED TO THE ASSOCIATION OF INDEPENDENT COLLEGES AND UNIVERSITIES OF PENNSYLVANIA (AICUP) AND THE COLLEGE AND UNIVERSITY PROFESSIONAL ASSOCIATION (CUPA). THE SALARY RECOMMENDATION OF THE EXECUTIVE COMMITTEE IS APPROVED BY THE ENTIRE BOARD OF TRUSTEES IN EXECUTIVE SESSION, WHICH IS DOCUMENTED IN THEIR MINUTES. COMPENSATION FOR OTHER OFFICERS AND KEY EMPLOYEES IS BASED ON MARKET SURVEY INFORMATION AND AUTHORIZED/APPROVED BY THE PRESIDENT. THE COMPENSATION IS ULTIMATELY APPROVED BY THE BOARD OF TRUSTEES AS PART OF THE ANNUAL BUDGET PROCESS. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS IN THE FORM OF THE 990 AND 990-T ARE AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: CHANGE IN BENEFICIAL INTEREST IN PERPETUAL TRUST - 748,858. FORM 990, PART XII, LINE 2C: THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.