2026-05-13T14:38:39-05:00 2025-06-30 390859910 BAKER TILLY ADVISORY GROUP LP 1570 FRUITVILLE PIKE SUITE 400 LANCASTER PA 17601 990 2024-07-01 240795965 LYCOMING COLLEGE LYCO 5703214000 ONE COLLEGE PLACE WILLIAMSPORT PA 17701 DAWN WILLIAMS CONTROLLER 5703214000 2026-05-13 1 1 KERRI N BOGDA P00760402 7177404863 2026-04-23 2024 2025-03-06 01:10:19Z DAWN WILLIAMS ONE COLLEGE PLACE WILLIAMSPORT PA 17701 117276057 0 X WWW.LYCOMING.EDU X 1947 PA TO PROVIDE A DISTINGUISHED BACCALAUREATE EDUCATION IN THE LIBERAL ARTS AND SCIENCES. 32 31 1023 49 449352 0 7746806 7401736 61619462 60539419 15399213 19191772 319817 274842 85085298 87407769 36264085 35734420 0 0 26725580 27241195 0 0 1643553 25852510 26351894 88842175 89327509 -3756877 -1919740 312363220 312506347 54306220 50327347 258057000 262179000 X THE MISSION OF LYCOMING COLLEGE IS TO PROVIDE A DISTINGUISHED BACCALAUREATE EDUCATION IN THE LIBERAL ARTS AND SCIENCES WITHIN A COEDUCATIONAL, SUPPORTIVE, AND RESIDENTIAL SETTING. 0 0 70800392 35734420 60199415 LYCOMING COLLEGE IS A FOUR-YEAR LIBERAL ARTS BASED, CO-EDUCATIONAL, INDEPENDENT COLLEGE WHOSE PRIMARY FUNCTION IS THE PRESENTATION OF FORMAL INSTRUCTION. THE COLLEGE HAS A REGULAR FACULTY, A REGULARLY SCHEDULED CURRICULUM (CONSISTING OF FALL, SPRING, MAY AND SUMMER TERM), AND A REGULARLY ENROLLED STUDENT BODY IN ATTENDANCE AT ITS CAMPUS LOCATED IN WILLIAMSPORT, PENNSYLVANIA. THE COLLEGE'S AREAS OF CONCENTRATION INCLUDE BACHELOR OF ARTS DEGREES IN 32 MAJOR FIELDS AND BACHELOR OF SCIENCE DEGREES IN 5 MAJOR FIELDS. PROGRAM SERVICES OF THE COLLEGE INCLUDE THE COST OF INSTRUCTION, ACADEMIC SUPPORT, STUDENT SERVICES, INSTITUTIONAL SUPPORT, AND SCHOLARSHIPS. CONTINUED ON SCHEDULE OTHE COST OF INSTRUCTION INCLUDES EXPENSES CONTRIBUTING DIRECTLY TO THE PRESENTATION OF FORMAL INSTRUCTION FOR THE 76 AFOREMENTIONED MAJORS.ACADEMIC SUPPORT IS ALL EXPENSES RELATED TO THOSE AREAS OF THE COLLEGE SUCH AS THE COLLEGE LIBRARY, COMPUTER CENTER, TUTORING SERVICES, THE INSTITUTION FOR MANAGEMENT STUDIES, HUMANITIES RESEARCH CENTER, AND CENTER FOR ACADEMIC EXPERIENCES. STUDENT SERVICES ARE ALL OF THE EXPENSES SPECIFICALLY RELATED TO PROVIDING "OUR CUSTOMER", THE STUDENT, WITH A COMPLETE COLLEGE EXPERIENCE. SUCH AREAS WOULD INCLUDE THE REGISTRAR, COMMUNITY SERVICES, HEALTH SERVICES, RECREATION CENTER, ATHLETICS, COUNSELING SERVICES, ADMISSIONS, FINANCIAL AID, RESIDENTIAL LIFE, OFFICE OF STUDENT PROGRAMS, OUTDOOR LEADERSHIP EDUCATION, AND THE DEAN OF STUDENTS. INSTITUTIONAL SUPPORT INCLUDES ALL EXPENSES OF MAINTAINING THE CAMPUS FACILITIES AND PROVIDING FOR ITS EMPLOYEES, SUCH AS BUILDINGS AND GROUNDS, SECURITY, OFFICE OF THE PRESIDENT, BUSINESS OFFICE, HUMAN RESOURCES, MAIL SERVICES, COLLEGE RELATIONS, INSTITUTIONAL RESEARCH ETC.STUDENT FINANCIAL AID FROM INTERNAL SOURCES REPRESENTED APPROXIMATELY 75% OF GROSS TUITION AND FEE REVENUE. IN ADDITION TO SOURCES OF INTERNAL AND EXTERNAL FINANCIAL AID, AND THE LYCOMING GRANT PROGRAM (NEED-BASED), LYCOMING COLLEGE OFFERS NUMEROUS SCHOLARSHIPS TO ACADEMICALLY TALENTED STUDENTS. MOST ACADEMIC SCHOLARSHIPS ARE AUTOMATICALLY RENEWED IN THEIR ORIGINAL AMOUNT FOR THE FOLLOWING YEAR PROVIDED THE STUDENT MAINTAINS SATISFACTORY ACADEMIC PROGRESS AS DEFINED IN THE COLLEGE CATALOG. ENROLLMENT FOR THE 2024-2025 ACADEMIC YEAR WAS APPROXIMATELY 990 FULL-TIME EQUIVALENTS. 70800392 1 1 0 0 0 0 0 1 0 1 1 0 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 1 1523 0 1023 1 1 1 1 CJ 0 0 0 0 0 0 0 0 0 0 X 32 31 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 PA X DAWN WILLIAMS 5703214022 ONE COLLEGE PLACE WILLIAMSPORT PA 17701 D MARK FULTZ CHAIRMAN 1.00 0.00 X X 0 0 0 DONALD W HUGHES VICE CHAIRMAN 1.00 0.00 X X 0 0 0 LEIGH T HOWE SECRETARY 1.00 0.00 X X 0 0 0 BRIAN L BELZ ASSISTANT SECRETARY 1.00 0.00 X X 0 0 0 ANN S PEPPERMAN ESQ ASSISTANT SECRETARY 1.00 0.00 X X 0 0 0 ROBERT W BUCKMAN JR ESQ TRUSTEE 1.00 0.00 X 0 0 0 SHAUN A CHALK TRUSTEE 1.00 0.00 X 0 0 0 JULIE HOTTLE DAY ESQ TRUSTEE 1.00 0.00 X 0 0 0 JOHN C DIMARCO JR TRUSTEE 1.00 0.00 X 0 0 0 JOSEPH F FEERRAR TRUSTEE 1.00 0.00 X 0 0 0 COLLEEN M HEISEY TRUSTEE 1.00 0.00 X 0 0 0 JOSEPH E HOFFMAN III TRUSTEE 1.00 0.00 X 0 0 0 PATTI JACKSON-GEHRIS TRUSTEE 1.00 0.00 X 0 0 0 DR JAMES M JEFFRIES III MD TRUSTEE 1.00 0.00 X 0 0 0 PHILIP JOHNSON TRUSTEE 1.00 0.00 X 0 0 0 STEVEN JOHNSON TRUSTEE 1.00 0.00 X 0 0 0 DANIEL R LANGDON TRUSTEE 1.00 0.00 X 0 0 0 DR PHILIP LEVESQUE TRUSTEE 1.00 0.00 X 0 0 0 ROBERT L LUCENTI TRUSTEE 1.00 0.00 X 0 0 0 TIMOTHY L MYERS TRUSTEE 1.00 0.00 X 0 0 0 MARK OHLINGER TRUSTEE 1.00 0.00 X 0 0 0 FRANK G PELLEGRINO TRUSTEE 1.00 0.00 X 0 0 0 PETER RESSLER TRUSTEE 1.00 0.00 X 0 0 0 MARK C SITLER TRUSTEE 1.00 0.00 X 0 0 0 DR STANLEY W SLOTER TRUSTEE 1.00 0.00 X 0 0 0 LINDA PORR SWEENEY ESQ TRUSTEE 1.00 0.00 X 0 0 0 BARBARA LOVENDUSKI SYLK TRUSTEE 1.00 0.00 X 0 0 0 DR MARINA N VERNALIS TRUSTEE 1.00 0.00 X 0 0 0 TAMMY WEBER ESQ TRUSTEE 1.00 0.00 X 0 0 0 DR THOMAS WOLFE TRUSTEE 1.00 0.00 X 0 0 0 DIANE DALTO WOOSNAM TRUSTEE 1.00 0.00 X 0 0 0 DR JOHN E MARTHINSEN TRUSTEE (UNTIL 05/25) 1.00 0.00 X 0 0 0 WILLIAM E EVANS TRUSTEE (UNTIL 05/25) 1.00 0.00 X 0 0 0 DR KENT C TRACHTE PRESIDENT 40.00 0.00 X X 674989 0 63143 JEFFREY L BENNETT CPA VP FINANCE & ADMIN CFO/TREASURER 40.00 0.00 X 204418 0 19245 CHARLES W EDMONDS EXECUTIVE VP COLLEGE ADVANCEMENT 40.00 0.00 X 285283 0 39978 ROBERT L DUNKLEBERGER CHIEF INFORMATION OFFICER 40.00 0.00 X 159378 0 23512 DANIEL P MILLER VP STUDENT LIFE 40.00 0.00 X 140358 0 26305 RICHARD HINTON VP ENROLLMENT MGMT 40.00 0.00 X 171953 0 27581 KORTET MENSAH ASST TO PRES/CHIEF DIVERSI 40.00 0.00 X 117829 0 14878 DR SANDRA KINGERY PROVOST 40.00 0.00 X 169087 0 35820 DR PHILIP W SPRUNGER PROFESSOR 40.00 0.00 X 171416 0 25550 MICHAEL CLARK ATHLETIC DIR/HEAD FOOTBALL COACH 40.00 0.00 X 143672 0 62300 SASCHA FEINSTEIN PROFESSOR 1.00 0.00 X 119790 0 23337 JOHN WHELAN PROFESSOR 40.00 0.00 X 119625 0 11041 KACY HAGAN ASSOC VP HR & COMPLIANCE 40.00 0.00 X 121450 0 10787 2599248 0 383477 17 0 1 0 PARKHURST DINING SERVICES 285 WATERFORD DRIVE NEW HOMESTEAD PA 15120 CONTRACTED FOOD SVCS 4556634 ELLUCIAN COMPANY LP 62578 COLLECTIONS CTR DR CHICAGO IL 606930625 COMPUTER/TECH SVCS 463062 HURON CONSULTING SERVICES PO BOX 71223 CHICAGO IL 606941223 STUDENT MARKETING SVCS 388126 SUSQUEHANNAH TRAILWAYS LLC PO BOX U AVIS PA 17721 STUDENT TRANSPORT SVCS 363802 R&J ERTEL INC 301 CHARLES ST S WILLIAMSPORT PA 17702 PLUMBING/HEAT CONTRACTOR 332052 21 11500 946869 6443367 802785 7401736 TUITION & FEES 611710 47750162 47750162 AUXILIARY ENTERPRISES 611710 12789257 12415070 374187 60539419 1818619 1818619 275569 217786 57783 57783 51274 6509 46885915 29512762 17373153 17373153 17373153 170243 137740 32503 32503 PARKING REVENUE 900099 97939 97939 FACILITY RENTAL 900099 23891 23891 LICENSING REVENUE 900099 11209 11209 51517 1680 49837 184556 87407769 60199415 449352 19357266 35734420 35734420 3174253 1194355 1979898 12500 12500 17362911 14140156 2216995 1005760 1150053 927952 147374 74727 4292987 3232278 863327 197382 1248491 990073 190954 67464 264036 264036 109253 109253 252165 154655 97510 6432165 5293763 1088416 49986 1580130 1197829 355290 27011 4696211 3652214 937898 106099 2245482 938883 1306599 1208350 1078201 47098 83051 1848255 1523228 325027 5835436 305296 5530140 1121634 168130 953504 SPECIAL EVENTS 288427 25122 247951 15354 MEMBERSHIPS 171957 58427 97639 15891 DEBT SVC TRUSTEE FEES 42300 42300 BAD DEBTS 26954 26954 229139 185410 42901 828 89327509 70800392 16883564 1643553 87811 108393 4372546 5945735 3283697 1940301 18797 27336 495607 391063 187625028 99407845 92553096 88217183 198015473 202984345 1397317 957964 12138876 11934027 312363220 312506347 1473630 1228747 36225000 35090000 5360000 3305000 11247590 10703600 54306220 50327347 X 190713000 193150000 67344000 69029000 258057000 262179000 312363220 312506347 X -1919740 6005327 36413 X 0 1 X 1 1 1 X 9846840 19367686 6945511 7746806 7401736 51308579 9846840 19367686 6945511 7746806 7401736 51308579 6410924 44897655 2236703 2060255 1612303 1810868 1909365 9629494 86180 100838 110992 150739 448749 523385 4681302 510729 420659 330908 6466983 67853805 297916201 0.66170 0.65350 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: SALES OF INVENTORY - 2020 AMOUNT: $ 150,796. 2021 AMOUNT: $ 185,784. 2022 AMOUNT: $ 234,942. 2023 AMOUNT: $ 219,938. 2024 AMOUNT: $ 170,243. INSURANCE PREMIUM REBATE - 2020 AMOUNT: $ 206,438. 2021 AMOUNT: $ 362,582. 2022 AMOUNT: $ 56,217. OTHER - 2020 AMOUNT: $ 98,181. 2021 AMOUNT: $ 4,030,611. 2022 AMOUNT: $ 71,847. 2023 AMOUNT: $ 52,925. 2024 AMOUNT: $ 51,517. PARKING REVENUE - 2020 AMOUNT: $ 67,970. 2021 AMOUNT: $ 102,325. 2022 AMOUNT: $ 82,965. 2023 AMOUNT: $ 112,217. 2024 AMOUNT: $ 97,939. PCARD PROGRAM REBATES - 2022 AMOUNT: $ 64,758. 2023 AMOUNT: $ 35,579. LICENSING REVENUE - 2024 AMOUNT: $ 11,209. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X X 0 191145000 2100000 26094000 8809000 8660000 201870000 175147000 2306000 26812000 8473000 4647000 191145000 190214000 2168000 19541000 8549000 28227000 175147000 229609000 1629000 -18818000 6927000 15279000 190214000 185588000 796000 55121000 6829000 5067000 229609000 0.72000 0.28000 0.00000 0 0 567796 8807376 9375172 650562 138321306 69931596 69040272 16666136 8917882 7748254 15066825 13013340 2053485 7545027 7545027 0 88217183 OTHER LIABILITIES 2885190 SPLIT-INTEREST AGREEMENTS 3253217 ADVANCE FROM FEDERAL GOVERNMENT FOR STUDENT LOANS 529249 UNAMORTIZED BOND PREMIUM 358897 UNAMORTIZED BOND DISCOUNT -175230 DEFERRED INCOME 3852277 10703600 X 57852829 6005327 -35698007 -29692680 87545509 -137740 -137740 87407769 53730829 137740 137740 53593089 35734420 35734420 89327509 PART III, LINE 4: THE COLLEGE ARCHIVES MAINTAIN A COLLECTION OF DOCUMENTS AND PHOTOGRAPHS PRESERVING THE HISTORY OF THE COLLEGE, AS WELL AS ARTIFACTS AND UNIQUE ITEMS SUCH AS STUDENT AND GROUP SCRAPBOOKS, A COLLECTION OF COLLEGE POSTCARDS, DEPARTMENTAL HONORS PAPERS, AND HISTORICAL METHODS PAPERS. THESE ARCHIVAL MATERIALS FOLLOW THE HISTORY OF THE SCHOOL FROM ITS EARLIEST INCARNATION AS THE WILLIAMSPORT ACADEMY (1812-1848), THROUGH ITS YEARS AS WILLIAMSPORT DICKINSON SEMINARY (1848-1928) AND WILLIAMSPORT DICKINSON SEMINARY AND JUNIOR COLLEGE (1928-1947) TO LYCOMING COLLEGE (1948-PRESENT). THE PURPOSE OF THE LYCOMING COLLEGE ARCHIVES IS TO COLLECT INACTIVE MATERIALS OF MANY TYPES THAT REFLECT UPON OUR HERITAGE THROUGH THE HISTORY, DEVELOPMENT, AND ADMINISTRATION OF LYCOMING COLLEGE, AND TO STRENGTHEN THE EDUCATIONAL MISSION OF THE COLLEGE BY PRESERVING AND MAKING AVAILABLE FOR RESEARCH VARIOUS MATERIALS OF A UNIQUE NATURE THAT RELATE TO THE HISTORY OF THE INSTITUTION. A FUNDAMENTAL PURPOSE OF THE COLLECTION IS TO ENGAGE STUDENTS ACTIVELY IN ORIGINAL RESEARCH WHILE REACHING A REASONABLE COMPROMISE BETWEEN USE AND PRESERVATION. THE LYCOMING COLLEGE ART GALLERY ENRICHES THE CULTURAL LIFE ON CAMPUS, IN THE WILLIAMSPORT COMMUNITY, AND THROUGHOUT THE REGION. THE EXHIBITIONS PRESENTED AND THE PROGRAMS WHICH ACCOMPANY THEM (LECTURES, ARTIST GALLERY TALKS, CLASS VISITS, ETC.) ARE INTENDED TO DEEPEN THE UNDERSTANDING OF ART, BOTH HISTORICAL AND OF OUR TIME, AND TO COMPLEMENT THE COLLEGE'S VISUAL ARTS CURRICULUM AND OTHER INTERDISCIPLINARY ACADEMIC PROGRAMS. THE GALLERY ALSO SERVES THE ART HISTORY AND STUDIO ART CURRICULAR BY PROVIDING AN OPPORTUNITY FOR OBJECT-CENTERED LEARNING, AND THE HUMANITIES CURRICULAR, THROUGH THE PRESENTATION OF UNIQUE CULTURAL AND HISTORIC WORKS OF ART. WE HOPE TO CHALLENGE AND STIMULATE OUR STUDENTS AND THE PUBLIC BY EXPOSING THEM TO NEW IDEAS AND ENCOURAGING THEM TO THINK INDEPENDENTLY AND CREATIVELY ABOUT THEIR WORK AND THEIR WORLD. THE LYCOMING COLLEGE ART GALLERY IS A WONDERFUL RESOURCE FOR STUDENTS AND THE WILLIAMSPORT COMMUNITY, A NICE CHANGE OF VENUE FOR FACULTY, A RESTFUL ESCAPE FOR STAFF, AND A GREAT PLACE FOR EVERYONE TO BRING FRIENDS AND FAMILY, THEREBY INCREASING THE VISIBILITY OF LYCOMING COLLEGE. PART V, LINE 4: THE FUND SERVES TWO GOALS: (A) TO OFFSET EXPENDITURES OF THE INSTITUTION NOT COVERED BY THE NORMAL OPERATING FUNDS AND (B) TO ENSURE THAT FUTURE GROWTH IS SUFFICIENT TO OFFSET INFLATION PLUS REASONABLE SPENDING, THEREBY PRESERVING THE CONSTANT DOLLAR VALUE AND PURCHASING POWER OF THE FUND. THIS WILL BE ACCOMPLISHED THROUGH A CAREFULLY PLANNED AND EXECUTED LONG-TERM INVESTMENT PROGRAM. THE OBJECTIVE OF THE INVESTMENT PROGRAM IS TO ENHANCE THE FUND'S LONG-TERM VIABILITY BY MAXIMIZING THE VALUE OF THE FUND WITH A PRUDENT LEVEL OF RISK. A SUCCESSFUL INVESTMENT PROGRAM MUST BE BALANCED BY A RESTRAINED ENDOWMENT SPENDING POLICY. PART X, LINE 2: 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 THAT THERE WERE NO TAX UNCERTAINTIES THAT MET RECOGNITION THRESHOLD IN FISCAL YEAR 2025 AND 2024. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN VALUE OF SPLIT-INTEREST AGREEMENTS 12,106. CHANGE IN BENEFICIAL INTEREST IN PERPETUAL TRUSTS 24,307. GRANTS & SCHOLARSHIPS -35,734,420. PART XI, LINE 4B - OTHER ADJUSTMENTS: CAMPUS STORE EXPENSES -137,740. PART XII, LINE 2D - OTHER ADJUSTMENTS: CAMPUS STORE EXPENSES 137,740. PART XII, LINE 4B - OTHER ADJUSTMENTS: GRANTS & SCHOLARSHIPS 35,734,420. 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 POLICY IS INCORPORATED INTO THE MISSION STATEMENT OF THE COLLEGE, WHICH IS INCLUDED ON THE COLLEGE'S WEBSITE, PUBLICATIONS, ETC. 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, PELL GRANTS, AND TECHNOLOGY GRANTS. THE COLLEGE ALSO RECEIVES GRANTS FROM THE COMMONWEALTH OF PENNSYLVANIA, THE MOST SIGNIFICANT OF WHICH IS THE INSTITUTIONAL ASSISTANCE GRANT. 1 INSTITUTIONAL GRANTS/SCHOLARSHIPS 990 35563048 N/A N/A SEOG GRANTS 275 171372 N/A N/A PART I, LINE 2: ALL STUDENTS APPLYING FOR FEDERAL FUNDS ARE REQUIRED TO SUBMIT THE FREE APPLICATION FOR FEDERAL STUDENT AID ("FAFSA"). THE FINANCIAL AID OFFICE REVIEWS THE RESULTS OF THE FAFSA, WHICH DICTATES WHAT AND HOW MUCH FEDERAL FUNDING THE INDIVIDUAL STUDENT IS ELIGIBLE FOR. IF THE STUDENT IS DETERMINED TO BE IN COMPLIANCE WITH ALL FEDERAL REGULATIONS, AS DETERMINED BY THE DEPT. OF ED., THE FINANCIAL AID OFFICE AWARDS THE STUDENT THE APPROPRIATE FUNDING. STUDENT FILES REGARDING ELIGIBILITY ARE MAINTAINED BY THE STUDENT FINANCIAL AID OFFICE. X X X 1 1 X X X X 0 1 0 0 0 0 0 0 0 DR KENT C TRACHTE PRESIDENT 348758 0 0 0 326231 0 0 0 63143 0 738132 0 150000 0 CHARLES W EDMONDS EXECUTIVE VP COLLEGE ADVANCEMENT 270283 0 15000 0 0 0 0 0 39978 0 325261 0 0 0 JEFFREY L BENNETT CPA VP FINANCE & ADMIN CFO/TREASURER 204418 0 0 0 0 0 0 0 19245 0 223663 0 0 0 MICHAEL CLARK ATHLETIC DIR/HEAD FOOTBALL COACH 143672 0 0 0 0 0 0 0 62300 0 205972 0 0 0 DR SANDRA KINGERY PROVOST 169087 0 0 0 0 0 0 0 35820 0 204907 0 0 0 RICHARD HINTON VP ENROLLMENT MGMT 171953 0 0 0 0 0 0 0 27581 0 199534 0 0 0 DR PHILIP W SPRUNGER PROFESSOR 171416 0 0 0 0 0 0 0 25550 0 196966 0 0 0 ROBERT L DUNKLEBERGER CHIEF INFORMATION OFFICER 159378 0 0 0 0 0 0 0 23512 0 182890 0 0 0 DANIEL P MILLER VP STUDENT LIFE 140358 0 0 0 0 0 0 0 26305 0 166663 0 0 0 PART I, LINE 1A THE PRESIDENT'S COMPENSATION PACKAGE SPECIFICALLY STATES THAT TRAVEL EXPENSES FOR HIS SPOUSE DURING BUSINESS TRAVEL WILL BE PAID BY THE COLLEGE. THE PRESIDENT LIVES IN A COLLEGE OWNED HOUSE, WHICH IS IN CLOSE PROXIMITY TO THE CAMPUS. THE COLLEGE PAYS FOR COUNTRY CLUB DUES FOR THE PRESIDENT AND FEW OTHER KEY STAFF MEMBERS. THE PRESIDENT'S HOME IS CLEANED AND MAINTAINED BY THE COLLEGE'S CUSTODIAL STAFF. NONE OF THESE BENEFITS ARE CONSIDERED TAXABLE INCOME FOR THESE OFFICERS AS THESE BENEFITS ARE FOR BUSINESS PURPOSES. PART I, LINE 4B THE PRESIDENT, DR. KENT C. TRACHTE'S 457(F) DISTRIBUTIONS FOR THE YEAR WERE $326,231. A LYCOMING COUNTY AUTHORITY 236760375 550809AHO 2013-08-29 29986420 SEE PART VI 0 0 0 B LYCOMING COUNTY AUTHORITY 236760375 550809AZO 2019-04-26 6405362 SEE PART VI 0 0 0 A 585000 29986420 362822 30926 21036502 8556170 2016 1 0 1 1 B 2775000 6405362 128107 6277255 2019 1 0 1 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 B 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 A 0 0 0 1 1 0 0 0 1 B 0 0 0 1 1 0 0 0 1 A 1 B 1 DATE REBATE COMPUTATION PERFORMED ISSUER NAME: LYCOMING COUNTY AUTHORITY DATE THE REBATE COMPUTATION WAS PERFORMED: 08/20/2025 ISSUER NAME: LYCOMING COUNTY AUTHORITY DATE THE REBATE COMPUTATION WAS PERFORMED: 08/20/2025 SCHEDULE K, PART I, BOND ISSUES: BOND ISSUE A: (A) ISSUER NAME: LYCOMING COUNTY AUTHORITY (B) DESCRIPTION OF PURPOSE: REFUND SERIES OF 2003; RENOVATIONS AND MISC. CONSTRUCTION PROJECTS BOND ISSUE B: (A) ISSUER NAME: LYCOMING COUNTY AUTHORITY (B) DESCRIPTION OF PURPOSE: REFUND SERIES OF 1998; REFUND SERIES OF 2004; PAYMENT OF BOND ISSUANCE COSTS SCHEDULE K, PART III, LINE 3A: THERE ARE NO MANAGEMENT OR SERVICE CONTRACTS OR RESEARCH AGREEMENTS RELATING TO THE FINANCED PROPERTIES FOR THE 2013 OR 2019 BONDS. SHARON TRACHTE WIFE OF PRESIDENT 12500 SEE PART V 0 SCH L, PART IV, BUSINESS TRANSACTIONS INVOLVING INTERESTED PERSONS: (A) NAME OF PERSON: SHARON TRACHTE(D) DESCRIPTION OF TRANSACTION: SHARON TRACHTE IS THE WIFE OF PRESIDENTKENT TRACHTE. SHARON WORKS FOR THE COLLEGE IN AN ADMINISTRATIVE ROLE. X 13 622284 MEAN OF STOCK PRICE X RENO/EQUIPMENT 1 178525 COST X FOOD 1 1976 COST 0 1 1 PART I, COLUMN (B): THE NUMBER IN COLUMN B REPRESENTS THE TOTAL NUMBER OF DONORS PART I, LINE 32B: THE COLLEGE UTILIZES THIRD PARTIES TO PROCESS DONATIONS OF NONCASH/INVESTMENT TYPE GIFTS. DONORS SEND THEIR RESPECTIVE NONCASH/INVESTMENT TYPE GIFTS DIRECTLY TO THE THIRD PARTY. THE DONOR WILL THEN NOTIFY THE DEVELOPMENT OFFICE OF THE COLLEGE THAT THE GIFT IS FORTHCOMING. THE DEVELOPMENT OFFICE WILL NOTIFY THE CONTROLLER OF THE COLLEGE, WHO WILL THEN CONTACT THE THIRD PARTY TO SELL THE NONCASH GIFT. AS THE COLLEGE IS NOT IN THE BUSINESS OF BUYING/SELLING INVESTMENTS, IT DOES NOT HOLD NONCASH GIFTS AND AUTHORIZES THE THIRD PARTIES TO SELL THEM IMMEDIATELY UPON RECEIPT. THE VALUE OF THE DONATION REPORTED/RECEIPTED TO THE DONOR IS DETERMINED BY TAKING THE AVERAGE OF THE HIGH AND LOW PRICE OF THE NONCASH GIFT ON THE DATE OF THE GIFT. FORM 990, PART VI, SECTION B, LINE 11B A DRAFT PUBLIC DISCLOSURE COPY OF THE FORM 990 WAS PROVIDED TO MEMBERS OF THE AUDIT COMMITTEE OF THE BOARD OF TRUSTEES AND REVIEWED BY THE AUDIT COMMITTEE AT A MEETING WITH BAKER TILLY, THE INDEPENDENT AUDITORS OF THE COLLEGE. FOLLOWING THAT REVIEW, THE PUBLIC DISCLOSURE COPY OF FORM 990 WAS PROVIDED TO EACH TRUSTEE OF THE COLLEGE AND WAS RECOMMENDED FOR APPROVAL BY THE CHAIRMAN OF THE AUDIT COMMITTEE TO THE BOARD OF TRUSTEES AT ITS ANNUAL SPRING MEETING PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE AUDIT COMMITTEE OF THE BOARD PERIODICALLY REVIEWS THE COLLEGE'S CONFLICT OF INTEREST POLICY TO ENSURE THAT IT IS COMPREHENSIVE, CLEARLY DEFINES THE TERM "CONFLICT OF INTEREST", AND CONTAINS PROCEDURES FOR ADEQUATELY RESOLVING AND DOCUMENTING POTENTIAL CONFLICTS. THE POLICY REQUIRES ANNUAL SIGNOFF BY THE BOARD OF TRUSTEES, THE PRESIDENT, AND MEMBERS OF THE PRESIDENT'S ADMINISTRATIVE CABINET. BEFORE THE BOARD OR A COMMITTEE OF THE BOARD CONSIDERS A PROPOSED TRANSACTION/ARRANGEMENT, ANY INTERESTED PERSON MUST DISCLOSE THE EXISTENCE OF THE FINANCIAL INTEREST AND DISCLOSE ALL MATERIAL FACTS TO THE BOARD OR COMMITTEE. THE INTERESTED PERSON WILL THEN LEAVE THE MEETING WHILE THE BOARD OR COMMITTEE DETERMINE AND VOTE UPON THE CONFLICT OF INTEREST. THE BOARD OR COMMITTEE MAY, IF APPROPRIATE, CONSIDER ALTERNATIVES TO THE PROPOSED TRANSACTION/ARRANGEMENT. THE INTERESTED PERSON WOULD ABSTAIN FROM VOTING ON THE MATTER. ALL DETERMINATIONS AND VOTES ARE DOCUMENTED IN THE MINUTES OF THE BOARD OF TRUSTEES OR COMMITTEE MEETINGS. IF ANYONE FAILS TO DISCLOSE AN ACTUAL OR POSSIBLE CONFLICT OF INTEREST, THE BOARD WILL DETERMINE THE APPROPRIATE DISCIPLINARY AND CORRECTIVE ACTION UP TO REMOVAL FROM THE BOARD. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD OF TRUSTEES SETS THE PARAMETERS FOR THE OVERALL SALARY POOL FOR COLLEGE EMPLOYEES AS PART OF THE ANNUAL BUDGET CYCLE. THE PERSONNEL COMMITTEE OF THE BOARD OF TRUSTEES REVIEWS AND SETS THE SALARY AND BENEFITS FOR THE PRESIDENT AT THEIR APRIL MEETING EACH YEAR. THE PERSONNEL COMMITTEE ALSO REVIEWS AND SETS THE SALARIES FOR THE SENIOR OFFICERS OF THE COLLEGE. THE PERSONNEL COMMITTEE IS PROVIDED WITH COMPARATIVE DATA FOR THE PRESIDENT AND SENIOR OFFICERS RELATIVE TO SIMILAR INSTITUTIONS IN MISSION, ENROLLMENT SIZE, FINANCES, ETC. THE BOARD OF TRUSTEES ALSO RECEIVES A REPORT OF HOW FACULTY SALARIES AND COMPENSATION COMPARE AT LYCOMING COLLEGE RELATIVE TO SIMILAR INSTITUTIONS. THIS REVIEW AND APPROVAL PROCESS IS DOCUMENTED VIA MINUTES OF THE PERSONNEL COMMITTEE MEETINGS. THE PRESIDENT APPROVES THE SALARY FOR ALL OTHER EMPLOYEES WITHIN THE PARAMETERS SET BY THE BOARD, THE COLLEGE'S SALARY GRADES FOR EACH POSITION AND VARIOUS COMPENSATION SURVEYS. THE PRESIDENT RECEIVES COMPARATIVE DATA FOR ALL MID-LEVEL AND ADMINISTRATIVE EMPLOYEES FROM THE SAME COMPARISON GROUP THAT IS USED BY THE PERSONNEL COMMITTEE. HUMAN RESOURCES PROVIDES COMPARATIVE DATA FOR ALL POSITIONS TO THE PRESIDENT. CONTINUING FACULTY AND STAFF SALARIES ARE APPROVED BY THE PRESIDENT UPON THE RECOMMENDATION OF THE CORRESPONDING SENIOR OFFICER AND BASED ON THE COLLEGE'S EVALUATION AND PERSONNEL POLICIES. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF SPLIT-INTEREST AGREEMENTS 12,106. CHANGE IN BENEFICIAL INTEREST IN PERPETUAL TRUSTS 24,307.