2024-05-13T16:45:01-05:00 2023-06-30 390859910 BAKER TILLY US LLP 1570 FRUITVILLE PIKE SUITE 400 LANCASTER PA 17601 990 2022-07-01 231352354 LEBANON VALLEY COLLEGE LEBA 7178676421 101 NORTH COLLEGE AVENUE ANNVILLE PA 17003 WENDY L ALBERT INTERIM VP FINANCE & ADMIN 7178676421 2024-05-07 1 WENDY ALBERT XXX-XX-XXXX 1 KERRI N BOGDA CPA P00760402 7177404863 2024-05-07 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z JAMES MACLAREN 101 NORTH COLLEGE AVENUE ANNVILLE PA 17003 190487757 0 X WWW.LVC.EDU X 1866 PA PROVIDES EDUCATIONAL SERVICES AT THE UNDERGRADUATE AND GRADUATE LEVEL. 36 30 1590 884 126451 0 16355945 7922779 100434434 101282484 4853421 1452366 576398 840217 122220198 111497846 53323742 50837218 0 0 33516287 36710101 0 0 1382986 24219096 25496076 111059125 113043395 11161073 -1545549 236893761 254714758 51521655 61493172 185372106 193221586 X LEBANON VALLEY COLLEGE EDUCATES STUDENTS FOR LIFELONG SUCCESS THROUGH EXCEPTIONAL UNDERGRADUATE LIBERAL-ARTS PROGRAMS AND PROFESSIONAL GRADUATE PROGRAMS DELIVERED IN AN ENGAGING AND SUPPORTIVE ACADEMIC AND CO-CURRICULAR ENVIRONMENT. CONTINUED ON SCHEDULE O.WE EDUCATE OUR STUDENTS TO THINK CRITICALLY AND CREATIVELY, ANALYZE AND ADDRESS COMPLEX ISSUES, AND COMMUNICATE EFFECTIVELY. WE GUIDE THEM IN DEEPENING THEIR COMMITMENT TO INCLUSION, CIVIC ENGAGEMENT, AND GLOBAL CITIZENSHIP. 0 0 102958671 50837218 101508377 LEBANON VALLEY COLLEGE, FOUNDED IN 1866, OFFERS 50 MAJORS IN THE HEALTH PROFESSIONS, SCIENCES, BUSINESS AND DIGITAL MEDIA, ARTS AND HUMANITIES, AND EDUCATION. HANDS-ON LEARNING, INTERNSHIPS, AND RESEARCH ARE EMPHASIZED. LVC OFFERS FIVE DIRECT-ENTRY (BACHELOR'S TO MASTER'S) PROGRAMS IN ACCOUNTING/MBA 3+1, ATHLETIC TRAINING 3+2, CLINICAL MENTAL HEALTH COUNSELING 3+2, ENGINEERING 3+2, AND SPEECH-LANGUAGE PATHOLOGY 3+2, AND A NATIONALLY RECOGNIZED SIX-YEAR DOCTOR OF PHYSICAL THERAPY PROGRAM. THERE ARE OVER A DOZEN GRADUATE DEGREES, INCLUDING AN MBA AND MASTER'S IN CLINICAL MENTAL HEALTH COUNSELING, EDUCATION, EXERCISE SCIENCE, AND INTELLIGENCE AND SECURITY STUDIES. CONTINUED ON SCHEDULE O.CLOSE FACULTY-STUDENT RELATIONSHIPS AND MENTORING ARE HALLMARKS OF THE LVC EXPERIENCE ON ITS BEAUTIFUL 370-ACRE CAMPUS. THE COLLEGE ENCOURAGES STUDENT PARTICIPATION IN ATHLETICSWITH 40% COMPETING AS NCAA DIVISION III STUDENT-ATHLETES IN THE MIDDLE ATLANTIC CONFERENCEAND STUDENT LEADERSHIP AND INVOLVEMENT IN OVER 90 CLUBS AND ORGANIZATIONS, MANY OF WHICH ARE COMMUNITY-SERVICE FOCUSED. LVC OFFERS GENEROUS FINANCIAL AID AND GUARANTEED MERIT SCHOLARSHIPS THAT EXCEEDED $52 MILLION IN 2023-24. CAREER SUCCESS IS INTEGRATED INTO THE CURRICULUM THROUGH THE EDWARD AND LYNN BREEN CENTER FOR CAREER AND PROFESSIONAL DEVELOPMENT STARTING DURING THE FIRST YEAR ON CAMPUS. LOCATED EIGHT MILES FROM HERSHEY, PENNSYLVANIA, THIS COLLEGE OF 1,600 UNDERGRADUATE AND 400+ GRADUATE STUDENTS PRODUCES ALUMNI WHO ATTEND PRESTIGIOUS GRADUATE AND PROFESSIONAL SCHOOLS AND ARE EMPLOYED BY TOP COMPANIES AND SCHOOL DISTRICTS. 102958671 1 1 0 1 0 0 0 1 0 1 1 1 0 0 1 1 1 0 1 0 1 0 0 0 1 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 1 2957 0 1590 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 36 30 0 1 0 0 0 0 0 1 1 0 0 1 1 1 1 1 0 1 1 0 PA X GABRIEL PAZ 7178676421 101 NORTH COLLEGE AVENUE ANNVILLE PA 17003 X JAMES MACLAREN PRESIDENT 40.00 0.00 X X 364467 0 108564 TRACEY A STOVER CHAIR 1.00 0.00 X X 0 0 0 KRISTEN R ANGSTADT VICE CHAIR 1.00 0.00 X X 0 0 0 RICHARD E HARPER VICE CHAIR 1.00 0.00 X X 0 0 0 JOSEPH F RILATT VICE CHAIR 1.00 0.00 X X 0 0 0 ELIZABETH R UNGER ASSISTANT SECRETARY 1.00 0.00 X X 0 0 0 ALLISON ABAYASEKARA TRUSTEE 1.00 0.00 X 0 0 0 KATHERINE J BISHOP TRUSTEE 1.00 0.00 X 0 0 0 MARY JEAN BISHOP TRUSTEE 1.00 0.00 X 0 0 0 EDWARD D BREEN TRUSTEE 1.00 0.00 X 0 0 0 TRUMAN T BROOKS III TRUSTEE 1.00 0.00 X 0 0 0 SUSAN M CORBETT TRUSTEE 1.00 0.00 X 0 0 0 PATRICIA DONLEY TRUSTEE 1.00 0.00 X 0 0 0 SUSANNE HARLEY DOMBROWSKI TRUSTEE 1.00 0.00 X 0 0 0 JAMES G GLASGOW TRUSTEE 1.00 0.00 X 0 0 0 ROBERT E HARBAUGH TRUSTEE 1.00 0.00 X 0 0 0 WENDIE DIMATTEO HOLSINGER TRUSTEE 1.00 0.00 X 0 0 0 BRUNILDA MARTINEZ TRUSTEE 1.00 0.00 X 0 0 0 SETH MENDELSOHN TRUSTEE/ADJUNCT FACULTY 1.00 0.00 X 0 0 0 CARROLL SKIP MISSIMER TRUSTEE 1.00 0.00 X 0 0 0 ALLEN M NEWSOME TRUSTEE 1.00 0.00 X 0 0 0 ALICIA PETROSS TRUSTEE 1.00 0.00 X 0 0 0 MELISSA POOLE TRUSTEE 1.00 0.00 X 0 0 0 ALEXANDER REBER TRUSTEE 1.00 0.00 X 0 0 0 ELYSE E ROGERS TRUSTEE 1.00 0.00 X 0 0 0 KAREN A SCHMITT TRUSTEE 1.00 0.00 X 0 0 0 JOHN SCHOL TRUSTEE 1.00 0.00 X 0 0 0 JOAN SQUIRES TRUSTEE 1.00 0.00 X 0 0 0 DAVID STEWART TRUSTEE 1.00 0.00 X 0 0 0 KARICK STOBER TRUSTEE 1.00 0.00 X 0 0 0 RYAN H TWEEDIE TRUSTEE 1.00 0.00 X 0 0 0 SYDNEY LELIT STUDENT TRUSTEE 1.00 0.00 X 1241 0 0 ANDREW KALMANOWICZ STUDENT TRUSTEE 1.00 0.00 X 0 0 0 JOEL KLINE FACULTY TRUSTEE 1.00 0.00 X 81005 0 26076 CHRISTOPHER DOLAN FACULTY TRUSTEE 1.00 0.00 X 99289 0 25747 SEAN DROMS FACULTY TRUSTEE 1.00 0.00 X 64453 0 22936 GEORGE J KING TRUSTEE (UNTIL 5/23) 1.00 0.00 X 0 0 0 CHESTER Q MOSTELLER TRUSTEE (UNTIL 5/23) 1.00 0.00 X 0 0 0 GIGI MOSTAFA STUDENT TRUSTEE (UNTIL 5/23) 1.00 0.00 X 0 0 0 CHRISTOPHER J HEFFNER FACULTY TRUSTEE (UNTIL 5/23) 1.00 0.00 X 83042 0 25023 SHAWN P CURTIN TREASURER/VP FINANCE (UNTIL 7/23) 40.00 0.00 X 248557 0 41186 MATTHEW WEAVER SECRETARY/VP ADVANCEMENT 40.00 0.00 X 183036 0 27180 SUSAN TAMMARO PROVOST & VP ACADEMIC AFFAIRS 40.00 0.00 X 195794 0 23111 EDWIN WRIGHT VP OF ENROLLMENT MANAGEMENT 40.00 0.00 X 214297 0 20977 DAVID SHAPIRO SR. DIRECTOR OF IT 40.00 0.00 X 162587 0 31965 STAN DACKO ASSO. PROFESSOR OF PHYSICAL 40.00 0.00 X 145611 0 38507 ROBERT MIKUS VP STUDENT AFFAIRS/DEAN OF 40.00 0.00 X 151564 0 70344 TREVA CLARK DIR. OF GRADUATE PRO. BUSINESS 40.00 0.00 X 143805 0 18866 ANN HAYES ASSOC. VP OF HR 40.00 0.00 X 136967 0 18447 MONICA COWART FORMER PROVOST & VP FOR AC AFFAIRS 0.00 0.00 X 170777 0 22092 2446492 0 521021 37 1 1 0 PYRAMID CONSTRUCTION SERVICES LLC 840 N FRONT STREET WORMLEYSBURG PA 17043 CONSTRUCTION SERVICES 11989562 SCHNEIDER ELECTRIC BUILDING AMERICAS IN 1650 W CROSBY RD CARROLLTON TX 75006 CONSTRUCTION SERVICES 4240442 METZ CULINARY MANAGEMENT TWO WOODLAND DRIVE DALLAS PA 18612 FOOD SERVICES 4141661 ARTHUR FUNK & SONS INC 1405 BIRCH ROAD LEBANON PA 17042 CONSTRUCTION SERVICES 3906979 BWF 7900 XERXES AVENUE SOUTH SUITE 980 MINNEAPOLIS MN 55431 CONSULTING SERVICES 425060 25 9000 45730 2884445 4983604 263247 7922779 STUDENT TUITION AND FEES 611310 85783343 85783343 AUXILIARY ENTERPRISES 611310 15499141 15499141 101282484 1356365 7231 1349134 122513 68269 54244 54244 54244 78979800 78883799 96001 96001 96001 40941 45730 37843 3098 3098 ATHLETIC CAMPS & TOURNAMENTS 713990 225893 225893 BARNES & NOBLE 900099 86106 86106 CONFERENCE SERVICES 721000 65370 65370 405506 53850 351656 782875 111497846 101508377 126451 1940239 119263 119263 50717955 50717955 1845692 1151026 468315 226351 26090836 22586977 3007869 495990 1860879 1593737 214382 52760 5018473 4246460 635566 136447 1894221 1599490 245307 49424 150563 75282 75281 105692 105692 33300 33300 243752 243752 5676719 4990409 594063 92247 1362010 1266669 95341 2912577 2617288 233089 62200 163231 155757 7474 1904794 1733363 154288 17143 986906 858609 69083 59214 699394 636448 56651 6295 6799380 6187436 550750 61194 920992 838103 74600 8289 REPAIRS & MAINTENANCE 1987361 1366940 605770 14651 LIBRARY MATERIALS 693917 693917 0 0 STUDENT CLUBS & ORGS. 220717 220717 0 0 BUILDING MAINTENANCE 149183 149183 0 0 485588 314619 165529 5440 113043395 102958671 8701738 1382986 4000 4000 23855968 19196688 12149903 11315673 7102066 6729152 20386 22821 1477799 1276007 246138646 128642715 100953330 117495931 72697388 17566155 11497259 71172774 958781 727535 6176881 9208022 236893761 254714758 8575223 10590165 68797 146366 39859408 47822875 38005 376376 2980222 2557390 51521655 61493172 X 104514730 108287812 80857376 84933774 185372106 193221586 236893761 254714758 X -1545549 6813966 2581063 X 0 1 X 1 1 1 X 8637681 10795301 16909172 16355945 7922779 60620878 8637681 10795301 16909172 16355945 7922779 60620878 2256813 58364065 1818236 1857344 1192064 1510520 1471647 7849811 252739 303003 167167 293122 478703 1494734 69965423 474121051 0.83420 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: NONCHARITABLE RECEIPTS FROM FUNDRAISING EVENTS - 2018 AMOUNT: $ 23,532. 2019 AMOUNT: $ 19,418. 2020 AMOUNT: $ 24,274. 2021 AMOUNT: $ 37,494. 2022 AMOUNT: $ 40,941. BARNES AND NOBLES COMMISSION - 2018 AMOUNT: $ 80,000. 2019 AMOUNT: $ 121,397. 2020 AMOUNT: $ 83,091. 2021 AMOUNT: $ 95,451. 2022 AMOUNT: $ 86,106. OTHER INCOME - 2018 AMOUNT: $ 149,207. 2019 AMOUNT: $ 162,188. 2020 AMOUNT: $ 59,802. 2021 AMOUNT: $ 160,177. 2022 AMOUNT: $ 351,656. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 0 1 33300 33300 0 PART II-B, LINE 1: THE COLLEGE PAID $33,300 TO LONG NYQUIST & ASSOCIATES TO ASSIST IN IDENTIFYING AND APPLYING FOR ELIGIBLE GRANTS. X X X 0 78154157 2496520 6832799 1778797 1894488 83810191 85736790 6373636 -10820737 1543292 1592240 78154157 67825446 1339012 19707854 1525498 1610024 85736790 68779262 2509653 -327949 1502891 1632629 67825446 67380556 2472246 1956992 1441297 1589235 68779262 0.22000 0.62000 0.16000 0 0 2474725 2474725 182303657 93920391 88383266 24055670 20749275 3306395 37304594 13973049 23331545 117495931 ALTERNATIVE INVESTMENTS 70870442 F CSV LIFE INSURANCE POLICIES 302332 F 71172774 LIABILITY ON ANNUITY CONTRACTS 508275 STUDENT CREDIT BALANCES AND DEPOSITS 954117 ADVANCES FROM FEDERAL GOVERNMENT FOR STUDENT LOANS 1094998 2557390 X 69720755 6813966 -48697169 -41883203 111603958 -106112 -106112 111497846 61871275 -2492110 -2492110 64363385 48680010 48680010 113043395 PART III, LINE 4: THE COLLEGE'S COLLECTION CONSISTS OF ARTWORK, RARE BOOKS, AND OTHER OBJECTS. THE COLLECTION IS HELD FOR EDUCATION, RESEARCH, AND PUBLIC EXHIBITION AND IS PROTECTED, KEPT UNENCUMBERED, CARED FOR, AND PRESERVED. PART V, LINE 4: TO SUPPORT EDUCATIONAL PROGRAMS IN ACCORDANCE WITH THE DONOR DESIGNATIONS. PART X, LINE 2: THE COLLEGE FOLLOWS THE FASB GUIDANCE THAT REQUIRES A TAX POSITION TO BE RECOGNIZED BASED ON A MORE LIKELY THAN NOT TO BE SUSTAINED UPON EXAMINATION THRESHOLD. THE COLLEGE DOES NOT BELIEVE ITS FINANCIAL STATEMENTS INCLUDE ANY UNCERTAIN TAX POSITIONS. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN CASH SURRENDER VALUE OF LIFE INSURANCE POLICY -17,159. INVESTMENT EXPENSES NETTED AGAINST REVENUE ON FINANCIALS -237,403. STUDENT EDUCATIONAL GRANTS NETTED AGAINST REVENUE ON FINANCIALS -48,442,607. PART XI, LINE 4B - OTHER ADJUSTMENTS: RENTAL EXPENSES -68,269. FUNDRAISING EXPENSES -37,843. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSE 68,269. FUNDRAISING EXPENSES 37,843. CHANGE IN VALUE OF INTEREST RATE SWAP AGREEMENT -2,598,222. PART XII, LINE 4B - OTHER ADJUSTMENTS: INVESTMENT EXPENSES NETTED AGAINST REVENUE ON FINANCIALS 237,403. STUDENT EDUCATIONAL GRANTS NETTED AGAINST REVENUE ON FINANCIALS 48,442,607. 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 INCLUDED ON THE COLLEGE'S CATALOG, 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, AND PELL GRANTS. THE COLLEGE ALSO RECEIVES GRANTS FROM THE COMMONWEALTH OF PENNSYLVANIA. CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, 0 0 INVESTMENTS 155693 CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, 0 0 PROGRAM SERVICE EXPENSES STUDY ABROAD PROGRAM 8296 EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM 0 0 PROGRAM SERVICE EXPENSES STUDY ABROAD PROGRAM 258376 EAST ASIA AND THE PACIFIC 0 0 PROGRAM SERVICE EXPENSES STUDY ABROAD PROGRAM 124350 0 0 0 0 0 0 546715 0 546715 1 0 0 0 1 0 PART III ACCOUNTING METHOD: SCHEDULE F, PART IV, LINE 5: THE COLLEGE'S INVESTMENTS DID NOT MEET THE FILING THRESHOLD FOR COMPLETING FORM 8865 DURING TAX YEAR 2022. LVEP GOLF TOURNAMENT 41586 12961 28625 0 2366 4500 2761 0 973 LVC GOLF CLASSIC 19635 19635 0 3903 4680 1560 0 94 2 25450 13134 12316 540 4634 7612 4220 0 0 86671 45730 40941 540 10903 16792 8541 1067 37843 3098 1 ANNVILLE TOWNSHIP 36 NORTH LANCASTER STREET ANNVILLE PA 17003 236003026 N/A 92910 0 N/A N/A UNRESTRICTED CONTRIBUTION TO SUPPORT THE TOWNSHIP ANNVILLE-CLEONA SCHOOL DISTRICT 520 SOUTH WHITE OAK STREET ANNVILLE PA 17003 231602952 N/A 23000 0 N/A N/A UNRESTRICTED CONTRIBUTION TO SUPPORT THE SCHOOL DISTRICT 2 0 LVC GRANTS & SCHOLARSHIPS 1545 48235927 0 N/A N/A PELL GRANTS 369 1821766 0 N/A N/A STUDENT AWARDS 119 400386 0 N/A N/A SEOG GRANTS 58 206680 0 N/A N/A TEACH GRANTS 5 20746 0 N/A N/A FACULTY ACADEMIC GRANTS 19 32450 0 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 FINANCIAL AID OFFICE. X 1 1 X X X 0 0 0 0 0 0 0 0 0 JAMES MACLAREN PRESIDENT 356067 0 0 0 8400 0 27450 0 81114 0 473031 0 0 0 SHAWN P CURTIN TREASURER/VP FINANCE (UNTIL 7/23) 238557 0 10000 0 0 0 21923 0 19263 0 289743 0 0 0 EDWIN WRIGHT VP OF ENROLLMENT MANAGEMENT 204297 0 10000 0 0 0 1818 0 19159 0 235274 0 0 0 ROBERT MIKUS VP STUDENT AFFAIRS/DEAN OF 151564 0 0 0 0 0 13676 0 56668 0 221908 0 0 0 SUSAN TAMMARO PROVOST & VP ACADEMIC AFFAIRS 195794 0 0 0 0 0 15932 0 7179 0 218905 0 0 0 MATTHEW WEAVER SECRETARY/VP ADVANCEMENT 183036 0 0 0 0 0 16716 0 10464 0 210216 0 0 0 DAVID SHAPIRO SR. DIRECTOR OF IT 162587 0 0 0 0 0 12923 0 19042 0 194552 0 0 0 MONICA COWART FORMER PROVOST & VP FOR AC AFFAIRS 170777 0 0 0 0 0 15113 0 6979 0 192869 0 0 0 STAN DACKO ASSO. PROFESSOR OF PHYSICAL 145611 0 0 0 0 0 13272 0 25235 0 184118 0 0 0 TREVA CLARK DIR. OF GRADUATE PRO. BUSINESS 143805 0 0 0 0 0 11876 0 6990 0 162671 0 0 0 ANN HAYES ASSOC. VP OF HR 136967 0 0 0 0 0 11463 0 6984 0 155414 0 0 0 PART I, LINE 1A FROM THE EMPLOYMENT AGREEMENT BETWEEN LEBANON VALLEY COLLEGE AND THE PRESIDENT - "THE COLLEGE SHALL PAY OR REIMBURSE THE EXECUTIVE FOR ALL REASONABLE BUSINESS EXPENSES INCURRED BY THE EXECUTIVE (AND HIS SPOUSE WHERE THERE IS A LEGITIMATE BUSINESS REASON FOR HIS SPOUSE TO ACCOMPANY HIM) IN CONNECTION WITH THE PERFORMANCE OF HIS DUTIES AND OBLIGATIONS UNDER THIS AGREEMENT. SUCH PAYMENTS SHALL INCLUDE REASONABLE REIMBURSEMENTS FOR TICKETS, SUBSCRIPTIONS, ETC. FOR THE EXECUTIVE AND HIS SPOUSE TO WORK-RELATED FUND RAISING EVENTS IN THE COMMUNITY. THESE EXPENDITURES SHALL BE SUBJECT TO THE REVIEW AND APPROVAL OF THE CHAIR OF THE BOARD." THERE WERE NO SUCH BUSINESS EXPENSE REIMBURSEMENTS OR EXPENDITURES DURING THE YEAR. IN ADDITION, THE PRESIDENT LIVES IN A COLLEGE OWNED HOUSE, WHICH IS ON CAMPUS. THE HOUSING IS NOT CONSIDERED A TAXABLE BENEFIT TO THE PRESIDENT. A ANNVILLE TOWNSHIP AUTHORITY 236003026 2019-12-13 40935000 REFINANCE PRIOR BONDS 0 0 0 B ANNVILLE TOWNSHIP AUTHORITY 236003026 2021-12-01 16500000 CONSTRUCTION OF NURSING BUILDING 0 0 0 A 2897581 40935000 212181 40722819 2019 1 0 1 1 B 16500000 149768 16350232 2023 0 0 0 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 1 0 0 0 1 FULTON BANK 11.500000000000 0 0 0 0 1 B 0 1 0 0 0 1 FIRST NATIONAL BANK 4.500000000000 0 0 0 0 1 A 1 B 1 X 17 261396 MEAN SHARE PRICE X EQUIPMENT 1 1044 COST X BOOKS & MUSIC 7 407 COST X INSTRUMENTS 1 400 COST 0 1 0 PART I, COLUMN (B): THE NUMBER IN PART I, COLUMN (B) REPRESENTS THE NUMBER OF CONTRIBUTORS. FORM 990, PART VI, SECTION A, LINE 3 THE COLLEGE OUTSOURCED ITS FOOD SERVICE TO METZ. THE COLLEGE ALSO OUTSOURCED ITS BOOKSTORE OPERATIONS TO BARNES AND NOBLE. FORM 990, PART VI, SECTION B, LINE 11B AFTER COMPLETION AND REVIEW BY MANAGEMENT, THE AUDIT COMMITTEE OF THE BOARD REVIEWED THE COMPLETE 990 IN DETAIL DURING THE MARCH AUDIT COMMITTEE MEETING. A FULL COPY OF THE 990 WAS POSTED ON THE COLLEGE'S PORTAL FOR THE FULL BOARD'S REVIEW PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY IS DISTRIBUTED ANNUALLY. IN THE CASE OF THE BOARD AND SENIOR STAFF, INCLUDING THE PRESIDENT, THE GOVERNANCE COMMITTEE DEVELOPED A FORM WHICH IS SCHEDULED TO BE COMPLETED ANNUALLY. LANGUAGE ON THE FORMS WAS MODIFIED IN 2010 TO BETTER REFLECT IRS FORM 990 DEFINITIONS / REQUIREMENTS. COMPLETED TRUSTEE FORMS ARE REVIEWED BY THE EXECUTIVE ASSISTANT TO THE PRESIDENT AND MEMBERS OF THE GOVERNANCE COMMITTEE. MEMBERS OF THE GOVERNANCE COMMITTEE NOTE ANY RESPONSES THAT REQUIRE ATTENTION. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION OF THE PRESIDENT AND VICE PRESIDENTS IS REVIEWED ANNUALLY BY THE COMPENSATION SUBCOMMITTEE OF THE BOARD TO ENSURE THAT COMPENSATION DOES NOT EXCEED FAIR MARKET VALUE. EXTERNAL BENCHMARK DATA FROM CUPA-HR IS SHARED AS A PART OF THIS REVIEW. THE COMPENSATION SUBCOMMITTEE MAKES THE DETERMINATION AND THE PROCESS IS NOTED IN MEETING MINUTES. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE AT 101 NORTH COLLEGE AVENUE UPON REQUEST. FORM 990, PART VI, LINE 1: THE EXECUTIVE COMMITTEE IS COMPRISED OF OFFICERS OF THE BOARD, CHAIRS OF STANDING COMMITTEES, AND UP TO FOUR ADDITIONAL TRUSTEES AS APPOINTED BY THE CHAIR OF THE BOARD. ALL MEMBERS OF THE EXECUTIVE COMMITTEE MUST BE VOTING MEMBERS OF THE BOARD OF TRUSTEES. THE BYLAWS OF THE BOARD OF TRUSTEES STIPULATE THAT THE EXECUTIVE COMMITTEE HAS, AND MAY EXERCISE ALL POWERS OF THE BOARD OF TRUSTEES IN THE TRANSACTION OF THE BUSINESS OF THE COLLEGE BETWEEN MEETINGS OF THE BOARD. UNLESS SPECIFICALLY EMPOWERED BY THE BOARD, THE EXECUTIVE COMMITTEE MAY NOT TAKE ANY ACTION INCONSISTENT WITH A PRIOR ACT OF THE BOARD OF TRUSTEES, AWARD DEGREES, ALTER BYLAWS, LOCATE PERMANENT BUILDINGS IN TAX-EXEMPT PROPERTY HELD FOR COLLEGE PURPOSES, PURCHASE OR SELL, MORTGAGE OR LEASE OR OTHERWISE ACQUIRE OR DISPOSE OF REAL PROPERTY, REMOVE OR APPOINT THE PRESIDENT OF THE COLLEGE, ADOPT THE ANNUAL BUDGET, ELECT TRUSTEES OR BOARD OFFICERS, OR TAKE ANY OTHER ACTION THAT HAS BEEN RESERVED BY OR FOR THE BOARD. FORM 990, PART VII, SECTION A: THE FOLLOWING TRUSTEES ARE ALSO ON THE FACULTY OF LEBANON VALLEY COLLEGE WORKING EITHER FULLTIME, AS PART-TIME ADJUNCT PROFESSOR., OR STUDENT EMPLOYEES WORKING DURING THE ACADEMIC YEAR. COMPENSATION REPORTED ON PART VII RELATES TO THEIR EMPLOYMENT POSITIONS: - CHRISTOPHER DOLAN - CHRISTOPHER J. HEFFNER - JOEL KLINE - SYDNEY LELIT - GIGI MOSTAFA - SETH MENDELSOHN FORM 990, PART XI, LINE 9: CHANGE IN CASH SURRENDER VALUE OF LIFE INSURANCE POLICY -17,159. CHANGE IN VALUE OF INTEREST RATE SWAP AGREEMENT 2,598,222. FORM 990, PART VI, LINE 14: SEPARATE RETENTION POLICIES ARE MAINTAINED AT THE DEPARTMENT/DIVISIONAL LEVELS. IT IS THE COLLEGE'S GOAL TO CONSOLIDATE THESE POLICIES AND DEVELOP AN INSTITUTIONAL WIDE RETENTION POLICY. VALE LLC 101 NORTH COLLEGE AVENUE ANNVILLE PA 170030501 463835416 MUSIC PRODUCTION PA 0 615 LEBANON VALLEY COLLEGE LEBANON VALLEY COLLEGE PHYSICAL THERAPY & SPORTS REHAB CLINIC 101 NORTH COLLEGE AVENUE ANNVILLE PA 170030501 464917810 PHYSICAL THERAPY AND SPORTS REHABILIATION PA 0 6450 LEBANON VALLEY COLLEGE