2012-03-01T06:39:55-06:00 2011-06-30 TAIT WELLER & BAKER LLP 1818 MARKET STREET SUITE 2400 PHILADELPHIA PA 19103 990 2010-07-01 230973290 PHILADELPHIA BIBLICAL UNIVERSITY PHIL 2157525800 200 MANOR AVENUE LANGHORNE PA 190472990 JAN M HAAS 2157525800 2012-03-01 1 STEVEN W HIPP CPA 2159798800 2012-03-01 2010 2016-02-24 21:20:13Z TODD J WILLIAMS 200 MANOR AVENUE LANGHORNE PA 190472990 38997423 0 X WWW.PBU.EDU X 1913 PA TO PROVIDE HIGHER EDUCATION TO ANY STUDENT INTERESTED IN PROGRAMS OF BIBLE, EDUCATION, MUSIC, SOCIAL WORK, AND BUSINESS. 25 22 787 20 0 0 3027862 2978136 25158641 24997693 344461 1453574 872628 704963 29403592 30134366 7039042 7009292 0 0 11589183 11869066 30414 0 599455 8790007 9125668 27448646 28004026 1954946 2130340 49225668 50357761 16694439 15238746 32531229 35119015 TO EDUCATE STUDENTS TO SERVE CHRIST IN THE CHURCH, SOCIETY, AND THE WORLD AS BIBLICALLY MINDED, WELL-EDUCATED, AND PROFESSIONALLY COMPETENT MEN AND WOMEN OF CHARACTER. 0 0 19957288 7009292 24997693 EDUCATION OF STUDENTS 2484541 FEEDING & HOUSING OF STUDENTS 22441829 1 1 0 0 0 0 0 0 1 1 0 0 1 1 1 0 0 1 1 1 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 1 1 0 0 0 1 109 0 1 787 1 0 0 0 0 0 1 1 0 1 0 X 25 22 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 PA X X JEFF EUBANK CONTROLLER 2157024202 200 MANOR AVENUE LANGHORNE PA 190472990 TODD J WILLIAMS 45.00 X X 149760 0 19177 G PATRICK STILLMAN 2.00 X X 0 0 0 MARGERY M SCANLIN 2.00 X X 0 0 0 S ERIC BEATTIE 2.00 X 0 0 0 J HARDIN BOYER 2.00 X 0 0 0 EDGAR N BRIGHTBILL 2.00 X 0 0 0 ELIZABETH MASON GIVENS 2.00 X 0 0 0 BETTY JANE HESS 2.00 X 0 0 0 LEE W HIMMELMANN 2.00 X 0 0 0 JOHN W SCHEFLEN 2.00 X X 0 0 0 DAVID WILLARD 2.00 X 0 0 0 CLARENCE E LOCKETT 2.00 X 0 0 0 JEAN S MACFADYEN 2.00 X 0 0 0 JACK MUEHLHAN JR 2.00 X 0 0 0 PAMELA J OKADA 2.00 X 0 0 0 ROBERT M REID 2.00 X 0 0 0 GEORGE NICHOLS 2.00 X 0 0 0 WINFIELD H KEMPF 2.00 X 0 0 0 STEPHEN K SMITH 2.00 X 0 0 0 FREDERICK W STEUDLER JR 2.00 X 0 0 0 EDWARD STILLMAN 2.00 X 0 0 0 MELVIN C NACE 2.00 X 0 0 0 ROBERT H STRATON 2.00 X 0 0 0 H SCOTT TROTTER 2.00 X 0 0 0 JAN M HAAS 45.00 X 121072 0 16025 SCOTT A KEATING 45.00 X 112590 0 15006 383422 0 50208 3 0 1 0 PIONEER COLLEGE CATERERS INC C/O PBU 200 MANOR AVENUE LANGHORNE PA 19047 FOOD SERVICE 1362905 KEYSTONE HEALTH PLAN EAST PO BOX 70250 PHILADELPHIA PA 191760250 HEALTH CARE 1269176 HIGH CONSTRUCTION COMPANY 1853 WILLIAM PENN WAY LANCASTER PA 17601 CONSTRUCTION 797931 GCA SERVICES GROUP PO BOX 643823 PITTSBURGH PA 152643823 JANITORIAL 441021 PECO PO BOX 7888 PHILADELPHIA PA 19162 ELECTRICAL AND GAS 434058 15 13423 357662 2607051 369514 2978136 TUITION AND FEES 900099 20129027 20129027 AUXILIARY ENTERPRISES 900099 4868666 4868666 24997693 293240 293240 66943 66943 66943 66943 10000000 8839666 1160334 1160334 1160334 16555 13423 23391 -6836 -6836 OTHER REVENUE 900099 588667 588667 CHANGE IN VALUE OF LIF 900099 172741 172741 CHANGE IN VALUE OF ANN 900099 -116552 -116552 644856 30134366 24997693 0 2158537 6848082 6848082 161210 161210 306010 211667 94343 9321859 6191625 2759696 370538 451093 299792 132659 18642 1145087 790073 343348 11666 645017 425711 193505 25801 468366 468366 1884 1884 43500 39150 4350 84323 47740 36583 1343638 1195838 87336 60464 394918 355426 26065 13427 1660328 1527502 116223 16603 311329 258403 20548 32378 487938 487938 132586 132586 1875096 1734836 131257 9003 258616 258616 FOOD SERVICE 1029074 957039 72035 STUDENT PROGRAMS AND AC 780551 725912 54639 VEHICLE REPAIRS AND EXP 155910 144996 10914 PROFESSIONAL MEMBERSHIP 86331 86331 MISCELLANEOUS 11280 11280 28004026 22441829 4962742 599455 815967 830419 394145 467833 328774 300975 53057726 22553096 30469605 30504630 1801326 1803495 15415851 16450409 49225668 50357761 1674727 1003038 954065 1030140 11333390 10567214 2732257 2638354 16694439 15238746 X 19658642 21052902 5874008 6374415 6998579 7691698 32531229 35119015 49225668 50357761 X 2130340 457446 X X 0 1 1 X 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 8074663 1374129 1271883 197529 10523146 7966945 252752 853134 998168 8074663 8693191 1247548 -1410479 563315 7966945 0.08640 0.73090 0.18270 0 0 2102148 2102148 38715875 13423053 25292822 9243211 7296361 1946850 2996492 1833682 1162810 30504630 ASSETS HELD IN TRUST BY AFFILIATE 16450409 16450409 STUDENT DEPOSITS 199088 ANNUITIES PAYABLE 1901607 ACCRUED PENSION PLAN 537659 2638354 DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: MANAGEMENT HAS REVIEWED THE TAX POSITIONS FOR EACH OF THE OPEN TAX YEARS (2008-2010) OR EXPECTED TO BE TAKEN IN THE UNIVERSITY'S 2011 TAX RETURN AND HAS CONCLUDED THAT THERE ARE NO SIGNIFICANT UNCERTAIN TAX POSITIONS THAT WOULD REQUIRE RECOGNITION IN THE FINANCIAL STATEMENTS. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 EXPLANATION OF NONDISCRIMINATORY POLICY PUBLICATION SCHEDULE E, PART I, LINE 3 THE NONDISCRIMINATION POLICY IS PUBLISHED IN ADVERTISING FOR THE INSTITUTION. EXPLANATION OF GOVERNMENT FINANCIAL ASSISTANCE SCHEDULE E, PART I, LINE 6 THE UNIVERSITY PERIODICALLY RECEIVES GRANTS AND AID FROM VARIOUS GOVERNMENTAL AGENCIES FOR USE IN THE EDUCATIONAL PROCESS. 1 EUROPE (INCLUDING ICELAND AND GREENLAND) 1 5 PROGRAM SERVICES GRADUATE EDUCATION 25344 EAST ASIA AND THE PACIFIC 1 5 PROGRAM SERVICES GRADUATE EDUCATION 45582 SOUTH AMERICA 1 4 PROGRAM SERVICES GRADUATE EDUCATION 12005 14 0 14 82931 0 82931 SCHOLARSHIPS EUROPE (INCLUDING ICELAND AND GREENLAND) 13 24015 CREDITED SCHOLARSHIPS EAST ASIA AND THE PACIFIC 12 23378 CREDITED 0 0 0 0 0 0 PROCEDURE FOR MONITORING GRANTS OUTSIDE THE U.S.: SCHEDULE F, PART I, LINE 2: GRANTS ARE BASED ON NEED AS DETERMINED BY THE FINANCIAL AID OFFICE AND THE DEAN OF THE EDUCATION DEPARTMENT. GOLF OUTING 29978 13423 16555 555 19103 3733 29978 13423 16555 555 19103 3733 23391 -6836 1 SCHOLARSHIPS 1050 6848082 0 0 0 0 0 0 0 0 0 TODD J WILLIAMS 149760 0 0 0 0 0 7488 0 11689 0 168937 0 0 0 BOROUGH OF LANGHORNE MANOR HIGHER EDUCATION & HEALTH AUTHORITY 232581246 515741EJ1 2005-04-01 7400000 PURCHASE AND RENOVATE DORMITORIES. 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 54175 FMV X 7 315339 FMV 0 0 0 FORM 990, PART VI, SECTION A, LINE 2 THE FOLLOWING TRUSTEES ARE PARTNERS IN 102 E FAIRVIEW LLC - A REAL ESTATE RENTAL PATNERSHIP WHICH DOES BUSINESS WITH THE ORGANIZATION : EDGAR N. BRIGHTBILL JACK MUEHLHAN, JR. MELVIN C. NACE JOHN W. SCHEFLEN AND G. PATRICK STILLMAN. FORM 990, PART VI, SECTION B, LINE 11 THE ORGANIZATION HAS PROVIDED THE FORM 990 TO EACH BOARD MEMBER FOR THEIR REVIEW AND ALSO PROVIDED TIME FOR ANY QUESTIONS/COMMENTS PRIOR TO FILING THE FORM WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE UNIVERSITY FOLLOWS POLICY # 5505-13 "CONFLICT OF INTEREST", A 3-PAGE DOCUMENT OUTLINING THE REQUIREMENTS OF BOARD MEMBERS WITH REFERENCE TO ANY CONFLICT OF INTEREST. EACH MEMBER OF THE BOARD OF TRUSTEES AND THE SENIOR VICE PRESIDENTS SHALL ANNUALLY SUBMIT TO THE OFFICE OF THE PRESIDENT A STATEMENT IDENTIFYING ANY FINANCIAL INTEREST. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION OF THE PRESIDENT AND VICE PRESIDENTS IS DETERMINED UNDER UNIVERSITY POLICY # 5505-14, "EXECUTIVE COMPENSATION". THE GOVERNANCE COMMITTEE SHALL OBTAIN ANNUALLY AN INDEPENDENT SURVEY OF COMPENSATION PAID BY OTHER SIMILAR EDUCATIONAL INSTITUTIONS TO THEIR EXECUTIVE OFFICERS. THE GOVERNANCE COMMITTEE MAY ENGAGE AN INDEPENDENT COMPENSATION CONSULTANT TO ASSIST IT TO OBTAIN AND EVALUATE THE COMPENSATION SURVEY OR MAY OBTAIN ASSISTANCE FROM HUMAN RESOURCES. THE GOVERNANCE COMMITTEE SHALL COMMUNICATE ITS RECOMMENDATION TO THE BOARD OF TRUSTEES IN THE FALL TO BE EFFECTIVE JANUARY 1 OF THE FOLLOWING YEAR. THE GOVERNANCE COMMITTEE SHALL BASE ITS RECOMMENDATION ON THE INDEPENDENT COMPENSATION SURVEY AND THE ANNUAL PERFORMANCE EVALUATION OF THE PRESIDENT AND SHALL COMMUNICATE THE BASIS OF ITS RECOMMENDATION TO THE BOARD OF TRUSTEES. THE BOARD OF TRUSTEES SHALL DETERMINE THE COMPENSATION OF THE PRESIDENT. FORM 990, PART VI, SECTION C, LINE 18 BY UNIVERSITY POLICY # 5512-09 REGARDING "PUBLIC INSPECTION OF THE IRS FORM 990", THE UNIVERSITY WILL PROVIDE BY MAIL, FAX OR EMAIL A COPY OF THE 990 UPON REQUEST TO THE CONTROLLER'S OFFICE. FORM 990, PART VI, SECTION C, LINE 19 THE UNIVERSITY HAS PREPARED THESE DOCUMENTS AND THEY ARE AVAILABLE UPON REQUEST TO THE CONTROLLER'S OFFICE. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED GAINS ON INVESTMENTS: 457,446. AUDIT COMMITTEE AND SELECTION OF INDEPENDENT ACCOUNTANT PART XI, LINE 2C THE PROCESS BY WHICH THE ORGANIZATION APPOINTS A COMMITTEE THAT ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENT AND SELECTION OF AN INDEPENDENT ACCOUNTANT HAS NOT CHANGED FROM THE PRIOR YEAR. FORM 990, PART X. LINE 1 CASH-NON-INTEREST-BEARING IN THE AMOUNT OF $830,419 INCLUDES $751,778 RESTRICTED FOR CONSTRUCTION AND DEBT REPAYMENT THE REGENCY FOUNDATION 200 MANOR AVE LANGHORNE PA 19047 232795443 FINANCIAL PLANNING PA 501C(3) 11A 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 1 0 THE REGENCY FOUNDATION I THE REGENCY FOUNDATION Q