2011-02-05T07:22:26-06:00 2010-06-30 ParenteBeard LLC 400 Market Street Williamsport PA 17701 990 2009-07-01 231352692 Wilson College WILS 7172644141 1015 Philadelphia Ave Chambersburg PA 17201 James R Fisher 7172644141 2011-02-04 1 Julius Green 5703236023 2009 2016-02-24 21:20:13Z LORNA D EDMUNDSON 1015 Philadelphia Ave Chambersburg PA 17201 36137090 0 X www.wilson.edu X 1869 PA Provide education for women, rigorous study in liberal arts and science, & career preparation. 24 24 559 75 563606 0 4165112 12814709 13095130 14754414 -2694296 1523256 731973 712891 15297919 29805270 4030649 4893410 0 9465818 9611394 0 886224 8749114 9364154 22245581 23868958 -6947662 5936312 98436497 109095387 35361082 36796415 63075415 72298972 Wilson is an independent college with a proud history of educating women since 1869 through rigorous study of the liberal arts and sciences. Today, Wilson's mission also includes women and men enrolled in adult degree and graduate programs. Guided by the Honor Principle and distinguished by its commitment to transformative student growth, Wilson College prepares all of its graduates for fulfilling lives and professions, ethical leadership and humane stewardship of our communities and our world. 0 0 17248476 4893410 14336984 Founded in 1869 as a rigorous liberal arts college for women, Wilson College continues to lead and innovate among colleges and universities in educating women in the liberal arts and sciences. The January 2009 opening of its new "LEED-certified" Harry R. Brooks Complex for Science, Mathematics and Technology advanced not only that tradition, but also Wilson's practice of sustainability and its newly established Institute for Women and Girls in Math, Science and Technology. The College is nearing completion of a comprehensive campaign, part of which will complete financing for the Complex. To complement the undergraduate college, a continuing education program was founded in 1983 and made Wilson the first College in the region to welcome adult women and men. In the mid-1980s, the College's Teacher Internship Program was established to offer adults with baccalaureate degrees the opportunity to become certified to teach in Pennsylvania, and in 2006, the College began offering a master's degree program in education. In the mid-1990s, the College launched its award-winning "Women with Children" program. One of the first of its kind in the nation, this program, which provides campus housing year-round to single mothers and their children so that the mother can pursue a bachelor's degree full time, has been celebrated by the Council of Independent Colleges, the Lumina Foundation, and The New York Times. U.S. News & World Report has ranked Wilson 15th overall in the category of best regional colleges in the northern region for 2010-11; this is the eighth consecutive year that Wilson has been recognized in the rankings. In 2009-10, Wilson served 317 women in its undergraduate college and 442 women and men in its adult degree programs. The College's faculty is comprised of 45 full-time and 39 part-time members. Located on 300 rolling acres along the Conococheague Creek in Chambersburg, the Wilson College campus was named a National Historic District in 1995.Recognizing early the importance of educating honorable, ethical and responsible citizens, the College established the Wilson Honor Principle in 1905, decades before most colleges and universities followed suit. For more than a century, the entire Wilson community has held itself to high standards of conduct, beginning when each new member of the community signs The Honor Principle during Convocation.Since 1869, when Wilson College opened its doors to provide women the same opportunity as men to pursue a rigorous education in the liberal arts and sciences, the College has continued to imagine a better and more equitable world; offer innovative, high-quality programs in response to changing student needs; and prepare graduates of accomplishment to be leaders in their lives and times.Wilson College remains committed to being a college for women but has also added innovative programs to meet students' needs. When an increasing number of adults began seeking undergraduate degrees, Wilson launched in 1983 what today is called Adult Degree Programs. When a need for high-quality teachers arose in the mid-1980s, Wilson opened its highly respected Teacher Internship Program, enabling students with bachelor's degrees to become certified to teach in 45 states. In 2006, a Master of Education was added for teachers seeking a professional, advanced degree. In 1996, Wilson was one of the first colleges in the nation to offer single mothers the opportunity to complete their undergraduate education while living on campus. Wilson's recent initiatives include: - Wilson's Institute for Women in Science, Math and Technology (WISMAT), established in 2003, addresses the underrepresentation of women in the sciences and providing mentoring networks and programs of support. In addition, Wilson's Hankey Center, which houses the College's archives, is being developed as a national center for the study of education of women and girls.- Wilson's "LEED-certified" Harry R. Brooks Complex for Science, Mathematics and Technology, opened in January 2009, helps ensure that all graduates are scientifically literate and that more than 60 percent of Wilson's students enrolled in science-based majors are educated for success in science, math and technology careers.- Six new majors were introduced in spring 2008 to meet changing student interests and current needs in the marketplace: Business Sustainability and Environmental Management, Biochemistry and Molecular Biology, Equine Journalism, Sport Management, Environmental Sustainability and Financial Mathematics. Through an agreement between Wilson and Vermont Law School, one of the nation's premier environmental law schools, students who graduate in good standing with Wilson's degree in environmental sustainability are guaranteed admission.- Wilson's Global Citizenship Initiative builds on the College's partnerships in Asia, the Middle East and Eastern Europe to educate students, faculty and staff as world citizens. This initiative will attract increasing numbers of talented international students to Wilson's campus and provide cross-cultural study opportunities for all students, faculty and staff. - Wilson is deeply committed to being environmentally conscious and promoting experiential learning. Wilson is a charter signatory of the American College and University Presidents Climate Commitment (ACUPCC), which pledges to sharply reduce and eventually eliminate all of the College's global warming emissions, and accelerate research and educational efforts to equip society to re-stabilize the earth's climate. With students' help, the College has developed a climate action plan. The College is also home to the Fulton Center for Sustainable Living (FCSL) and its community-supported agriculture program, recycling and composting programs, alternative energy programs such as biodiesel fuel production and solar energy and wind energy production.- Wilson is increasingly attracting more resources through corporate, federal and foundation grants. The College has recently received support from the National Science Foundation for scholarships in mathematics, biology and chemistry; and the Richard Lounsbery Foundation and Heinz Endowments to fully launch the Wilson Institute for Women and Girls in Science, Mathematics and Technology.Wilson understands that sustainable solutions to complex problems will require innovation and global savvy - talents developed most fully through a rigorous, personalized education in the liberal arts and a powerful learning/living environment for students of all ages and cultures. This is Wilson's commitment to its students. 17248476 1 1 0 0 0 0 1 0 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 30 0 1 559 1 1 1 1 CJ BD 0 0 0 1 1 0 0 0 24 24 0 1 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 PA X James R Fisher VP FINANCE & ADMINISTRATION 7172622017 1015 Philadelphia Avenue Chambersburg PA 17201 Trudi W Blair 1.00 X 0 0 0 John W Gibb 1.00 X 0 0 0 Elizabeth V McDowell 1.00 X 0 0 0 Patricia A Tracey 1.00 X 0 0 0 Lorna D Edmundson 40.00 X X 190145 0 34935 PAULA P BROWNLEE 1.00 X 0 0 0 ALICE M DRUM 1.00 X 0 0 0 SUSANNA N DUKE 1.00 X 0 0 0 LESLIE L DURGIN 1.00 X 0 0 0 JULIE I ENGLUND 1.00 X 0 0 0 edgar h howells jr 1.00 X 0 0 0 pamela f kiehl 1.00 X 0 0 0 byungju kim 1.00 X 0 0 0 JANE E MURRAY 1.00 X 0 0 0 STEPHEN C OLDT 1.00 X 0 0 0 tracey leskey 1.00 X 0 0 0 ELLEN V REED 1.00 X 0 0 0 SUSAN ROSS 1.00 X 0 0 0 MARSHA A SAJER 1.00 X 0 0 0 NANCY C SMITH 1.00 X 0 0 0 george a pera 1.00 X 0 0 0 JUDITH R STEWART 1.00 X 0 0 0 PAULA S TISHOK 1.00 X 0 0 0 GRETCHEN VAN NESS 1.00 X 0 0 0 ELEANOR M ALLEN 1.00 X 0 0 0 J EDWARD BECK JR 1.00 X 0 0 0 NANCY A BESCH 1.00 X 0 0 0 BEATRICE F BLACKADAR 1.00 X 0 0 0 ELISABETH H CLARKSON 1.00 X 0 0 0 JOAN F EDWARDS 1.00 X 0 0 0 MARY R GALBBRAITH 1.00 X 0 0 0 CYNTHIA D GROVE 1.00 X 0 0 0 PETER MAZUR 1.00 X 0 0 0 CANDACE L STRAIGHT 1.00 X 0 0 0 CARLETON O STROUSS 1.00 X 0 0 0 MARY LOU K WELLS 1.00 X 0 0 0 james a smeltzer 1.00 X 0 0 0 betty lou l thompson 1.00 X 0 0 0 elizabeth f eberts 1.00 X 0 0 0 charles s tidball 1.00 X 0 0 0 James Fisher 40.00 X 145000 0 13379 Mary Hendrickson 40.00 X 112000 0 12141 JEffrey Zufelt 40.00 X 113300 0 4286 560445 0 64741 4 0 1 0 SAGE Dining Services Inc 222 Bosley Avenue Suite B7 Towson MD 21204 Food Service 720665 Sodexo Inc & Affiliates 4880 Paysphere Circle Chicago IL 60674 Maintenance Contractor 601579 US Security Associates Inc PO BOX 931703 ATLANTA GA 31193 CAMPUS SECURITY 107754 3 1809 561071 12251829 490903 12814709 Tuition and fees 611710 11477321 11477321 Room and Board 611710 2156960 2156960 Bookstore 611710 485618 485618 Conferences 611710 292724 68125 224599 Childcare 624410 254690 254690 87101 2784 84317 14754414 967901 967901 65041 24550 40491 40491 40491 6859516 6264296 39865 595220 -39865 555355 555355 6226 1809 3109 3117 3117 Miscellaneous 900099 344995 344995 POSTAGE REIMBURSEMENT 561000 66260 66260 GENERAL STORE CAMPUS S 453220 39425 39425 218603 218603 669283 29805270 14336984 563606 2089971 4554176 4554176 339234 339234 902472 440970 286202 175300 7160020 5427910 1436110 296000 231389 151687 64587 15115 742809 542587 172231 27991 574704 420069 118581 36054 1188881 1188881 56364 56364 71648 71648 350162 350162 291406 55662 80084 155660 128836 62004 66832 1651537 1183437 386178 81922 67705 2515 65190 872393 868348 4045 411170 243931 115598 51641 387717 240167 126719 20831 1123879 1123879 1976240 1475565 500675 387316 387316 maintenance 249969 6352 243617 MISCELLANEOUS 94540 31591 62949 special projects 54391 13390 15291 25710 23868958 17248476 5734258 886224 209389 110527 5055339 7665578 3623512 5990569 246549 500836 1110486 1127039 202123 203693 541603 592076 52925134 19133824 34919024 33791310 30831910 32542033 12454759 16867090 135000 135000 9106803 9569636 98436497 109095387 945824 933099 204462 286384 31184987 31180000 3025809 4396932 35361082 36796415 X 24137309 29995763 5424706 7904645 33513400 34398564 63075415 72298972 98436497 109095387 X 0 1 1 X 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 20900 X X X 0 41170055 7418539 5334035 676836 3049196 50938308 52696730 763222 -9782767 440181 2066949 41170055 0.55260 0.44740 1 0 575546 575546 46678411 15727235 30951176 5671177 3406589 2264588 33791310 LIFE INSURANCE POLICIES CASH SURRENDER VALUE 95291 C ALTERNATIVE INVESTMENTS 16771799 C 16867090 ASSETS HELD IN TRUST UNDER SPLIT INTEREST AGREEMENTS 9569636 9569636 Funds held in custody for others 84791 Advances from US Govt for student loans 556460 Obligation under interest-rate swap agreements 3747004 OBLIGATION UNDER CAPITAL LEASE 8677 4396932 29805270 23868958 5936312 4164036 -876791 3287245 9223557 28223655 4164036 -853824 3310212 24913443 4891827 4891827 29805270 19000098 24550 24550 18975548 4893410 4893410 23868958 Part III, Line 4: The Hankey Center was dedicated on June 7, 2003, as an archive to house the C. Elizabeth Boyd ('33) Archives and the Barron Blewett Hunnicutt Classics Gallery. The founding purpose of the Hankey Center was to provide a home for the archives. Today the Hankey Center's expanded mission is to provide a research and scholarly center on the education of women and girls. The Hankey Center is named in honor of Joan Hankey '59, the donor that has made it possible for Wilson College to keep alive the history of women at Wilson and to further the advancement and education of women and girls globally. The Hankey Center evokes the concrete historical achievements of women, but at the same time, the center looks at the complex articulations of difference that women experience globally, and then gives them their historical specific meanings. Part V, Line 4: Description of Intended Use of Endowment Funds: Income from endowment funds are used to provide Scholarships, support Faculty/Staff Development, and to support operations of the College. Part XI, Line 8 - Other Adjustments: Gains on funds held in trust by others: 505096. Unrealized loss on interest rate swaps: -1383470. NONCASH FINANCIAL ASSISTANCE: 1583. Part XII, Line 2d - Other Adjustments: Gains on funds held in trust by others: 505096. Unrealized loss on interest rate swaps: -1383470. RENTAL EXPENSES: 24550. Part XII, Line 4b - Other Adjustments: STUDENT FINANCIAL AID: 4891827. Part XIII, Line 2d - Other Adjustments: Rental Expenses: 24550. Part XIII, Line 4b - Other Adjustments: Student Financial Aid: 4891827. NONCASH FINANCIAL ASSISTANCE: 1583. 1 1 1 THE ORGANIZATION'S NONDISCRIMINATION POLICY IS IN ALL OF ITS' PUBLICATIONS INCLUDING THE SCHOOL'S CATALOG AND COURSE ROSTER. 1 1 1 1 0 0 0 0 0 0 0 0 1 0 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. 1 1 0 0 0 Scholarships FOR STUDENTS ENROLLED AT WILSON COLLEGE EUROPE 2 33510 STUDENT ACCOUNT CREDIT Scholarships FOR STUDENTS ENROLLED AT WILSON COLLEGE RUSSIAN AND THE NEWLY INDEPENDENT STATES 2 39035 STUDENT ACCOUNT CREDIT Scholarships FOR STUDENTS ENROLLED AT WILSON COLLEGE SUB-SAHARAN AFRICA 6 90975 STUDENT ACCOUNT CREDIT Scholarships FOR STUDENTS ENROLLED AT WILSON COLLEGE MIDDLE EAST AND NORTH AFRICA 1 34240 STUDENT ACCOUNT CREDIT Scholarships FOR STUDENTS ENROLLED AT WILSON COLLEGE south AMERICA 1 20325 STUDENT ACCOUNT CREDIT Scholarships FOR STUDENTS ENROLLED AT WILSON COLLEGE EAST ASIA AND THE PACIFIC 6 101416 STUDENT ACCOUNT CREDIT Scholarships FOR STUDENTS ENROLLED AT WILSON COLLEGE SOUTH ASIA 1 19733 STUDENT ACCOUNT CREDIT Procedure for Monitoring Grants Outside the U.S.: Schedule F, Part I, Line 2: Scholarship funds are awarded to International students who demonstrate financial need by completing a statement of finances and/or merit, based on prior academic achievement. Endowed scholarship recipients also meet the specific criteria as identified by the donors. Recipients of tuition remission and exchange programs occur through an application process from schools in which Wilson College has an institutional agreement. The scholarships are applied directly to the cost of attending Wilson College and funds are not actually disbursed. 1 Institutional Scholarships FOR STUDENTS ENROLLED AT WILSON COLLEGE 333 4220276 1583 FMV Room and Board Waiver Tuition remission for students enrolled at Wilson College 31 209937 FMV N/A Tuition exchange for students enrolled at Wilson College 5 122380 FMV N/A Procedure for Monitoring Grants in the U.S.: Part I, Line 2: Schedule I, 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. Recipients of Tuition Remission and Exchange programs are verified first by the Director of Human Resources. X X 1 1 X X X X X 0 0 0 0 0 0 0 0 0 Lorna D Edmundson 190145 0 0 0 0 0 19015 0 15920 0 225080 0 0 0 James Fisher 145000 0 0 0 0 0 0 0 13379 0 158379 0 0 0 Part I, Line 1a The following employees have on campus housing for fiscal 2010: Lorna Edmundson, President and James Fisher, VP Finance and Administration. Jeffrey Zufelt, VP College Advancement is provided a room on campus for his occasional use when he must be present to attend College advancement events or meet with donors in the area during the evening and/or attend events required by the College or President. The University pays local country club dues for the President. The housing and dues are not included in taxable income for any of the employees. Municipal Authority Borough of Chambersburg 251742939 158042AA9 2007-11-08 31180000 Construction of Science Center Building 0 0 31180000 2158058 3735769 248386 237534 24800253 2009 1 0 0 1 0 0 0 0 0 0.00000 0.00000 0.00000 1 0 1 1 bank of america swap 27.400000000000 0 0 0 X 2 1850 FMV X 775 FMV X 33 427245 QUOTED MARKET PRICES X HORSES 5 47000 APPRAISALS X FURNITURE & EQUIPMENT 5 4256 FMV X Gift certificates, etc 93 9777 FMV 36 0 1 0 Form 990, Part VI, Section A, line 3 THE COLLEGE OUTSOURCED ITS PHYSICAL PLANT, FOOD SERVICES AND CAMPUS SAFETY FOR FISCAL YEAR 2010. Form 990, Part VI, Section B, line 11 The Form 990 was reviewed first by the President and Cabinet (Management review). 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 by providing (1) a mechanism for disclosing and evaluating potential and actual conflicts; and (2) procedures for the Board of Trustees in considering any transaction or arrangement where a conflict may exist. A "Covered Person" includes each of the College's trustees, officers, members of any committee of the College's Board of Trustees with authority to act on behalf of the Board of 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. The Secretary maintains a roster of the College's trustees, officers, members of any committee of the College's Board of Trustees with authority to act on behalf of the Board of Trustees. The Vice President for Finance & Administration maintains a roster of all of the College's executive employees and all other managers or supervisors 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 he or she has received a copy of this Policy, has read and understands it, and has agreed to comply with it. Each Covered Person is also required to submit, on an annual basis, a questionnaire disclosing the Covered Person's actual and potential conflicts of interest. Each Covered Person is required to promptly and fully disclose all material facts of every actual or potential conflict of interest (1) existing at the time the person becomes a Covered Person; (2) that arises while a Covered Person, at the time such actual or potential conflict arises; and (3) annually through the annual Conflict of Interest Questionnaire. Annual disclosure statements are initially evaluated by Secretary or Vice President for Finance & Administration. Potential conflicts of interest identified through this review, 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 relating to the transaction or arrangement giving rise to the potential conflict of interest to 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. Otherwise, the Covered Person will not participate in and will not be present for the vote regarding such transaction or arrangement. If the Board of Trustees has reasonable cause to believe that a Covered Person has failed to comply with this Policy, the Board may counsel the Covered Person regarding such failure and, if the issue is not resolved to the Board's satisfaction, may consider additional corrective action as appropriate. Form 990, Part VI, Section B, line 15 A separate compensation committee of the board of trustees (appointed by the chair of the board) reviews current salary, evaluation results for the president, and data from the following sources: salaries of peer and aspirant colleges, Form 990s from other institutions, Guidestar information and relevant salary surveys, included but not limited to, the Association of Independent Colleges and Universities of Pennsylvania (AICUP) and the College and University Professional Association (CUPA), to ensure that compensation does not exceed fair market value. The recommendation of the compensation committee is then shared and discussed with the entire board of Trustees (in executive session) and the entire board votes on the compensation recommendation. Form 990, Part VI, Section C, line 19 Governing documents, policies and financial statements are available upon request. FORM 990, SCHEDULE K, PART III, LINE 3C THERE ARE NO MANAGEMENT OR SERVICE CONTRACTS OR RESEARCH AGREEMENTS RELATING TO THE FINANCED PROPERTIES FOR THE BONDS; THEREFORE, REVIEW BY BOND COUNSEL IS NOT NECESSARY. FORM 990, SCHEDULE K, PART IV, LINE 3C THE COLLEGE ENTERED INTO THREE INTEREST RATE SWAP AGREEMENTS IN CONNECTION WITH ITS SERIES 2007 BONDS WITH BANK OF AMERICA. THE TERMS OF THE SWAP AGREEMENTS EXPIRE AS FOLLOWS: NOVEMBER 2018, NOVEMBER 2037, AND NOVEMBER 2037.