2022-03-01T15:51:13-06:00 2021-05-31 390859910 BAKER TILLY US LLP 1570 FRUITVILLE PIKE SUITE 400 LANCASTER PA 17601 990 2020-06-01 520591694 MCDANIEL COLLEGE INC MCDA 4108572218 2 COLLEGE HILL WESTMINSTER MD 211574303 JULIANNE JASKEN PRESIDENT 4108572218 2022-02-22 1 JULIANNE JASKEN 999009999 KERRI N BOGDA CPA P00760402 7177404863 X 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z JULIANNE JASKEN 2 COLLEGE HILL WESTMINSTER MD 211574303 144118192 0 X WWW.MCDANIEL.EDU X 1867 MD STUDENTS ARE THE FOCUS AT MCDANIEL AND PROVIDING THE IDEAL LEARNING ENVIRONMENT IS OUR GOAL. 43 43 1462 43 2115 0 9096818 10453597 94338651 101450086 9932086 10034002 505095 485808 113872650 122423493 47955884 53473726 0 0 34225331 33380427 0 0 2335121 33049026 33395370 115230241 120249523 -1357591 2173970 217534229 259992859 65178485 63376965 152355744 196615894 X MCDANIEL COLLEGE IS A DIVERSE STUDENT-CENTERED COMMUNITY COMMITTED TO EXCELLENCE IN THE LIBERAL ARTS & SCIENCES AND PROFESSIONAL STUDIES. WITH CAREFUL MENTORING AND ATTENTION TO THE INDIVIDUAL, MCDANIEL CHANGES LIVES. WE CHALLENGE STUDENTS TO DEVELOP THEIR UNIQUE POTENTIAL WITH REASON, IMAGINATION, AND HUMAN CONCERN. THROUGH FLEXIBLE ACADEMIC PROGRAMS, COLLABORATIVE AND EXPERIENTIAL LEARNING, AND GLOBAL ENGAGEMENT, MCDANIEL PREPARES STUDENTS FOR SUCCESSFUL LIVES OF LEADERSHIP, SERVICE, AND SOCIAL RESPONSIBILITY. 0 0 90733388 45862245 80584452 UNDERGRADUATE PROGRAM OF STUDY: 1,645 FULL TIME STUDENT EQUIVALENCY. MCDANIEL COLLEGE HAS A LONG HISTORY AS A SMALL PRIVATE COLLEGE OF THE LIBERAL ARTS. MCDANIEL OFFERS COURSES OF STUDY IN MORE THAN 70 AREAS, INCLUDING PRE-PROFESSIONAL PROGRAMS, TEACHING CERTIFICATION, AND OFF-CAMPUS PROGRAMS. STUDENTS MAY PURSUE TRADITIONAL, DUAL, OR DOUBLE MAJORS, OR DESIGN THEIR OWN COURSE OF STUDY. THE AVERAGE CLASS SIZE IS 15 STUDENTS; THE STUDENT-FACULTY RATIO IS 13:1. MCDANIEL HAS 124 FULL-TIME FACULTY; 95 PERCENT HOLD TERMINAL DEGREES IN THEIR DISCIPLINES. ALL COURSES AND LABORATORIES ARE TAUGHT BY REGULAR FACULTY MEMBERS, NOT TEACHING ASSISTANTS. THE COLLEGE OFFERS COUNTLESS OPPORTUNITIES FOR OFF-CAMPUS STUDY BOTH WITHIN THE UNITED STATES AND OVERSEAS. AMONG THEM: STUDY IN BUDAPEST, HUNGARY THROUGH AN AGREEMENT WITH COLLEGE INTERNATIONAL WHICH FOLLOWS MCDANIEL'S CURRICULUM. MCDANIEL IS ACCREDITED BY THE COMMISSION ON HIGHER EDUCATION OF THE MIDDLE STATES ASSOCIATION OF COLLEGES AND SCHOOLS. 14744176 7466191 13096574 AUXILARY SERVICES: DINING HALL SERVICES FOR 930 STUDENTS AND RESIDENCE HALL SERVICES FOR 1,061 STUDENTS. RESIDENCE HALL - AT MCDANIEL, FIRST, SECOND AND THIRD YEAR STUDENTS ALL LIVE ON CAMPUS. IN FACT, ALL STUDENTS ARE GUARANTEED HOUSING FOR ALL FOUR YEARS. EXCEPTIONS TO THE RESIDENCY REQUIREMENTS ARE MADE FOR THOSE WHO LIVE NEARBY WITH THEIR PARENTS, ARE MARRIED, ARE OVER AGE 24 OR ARE PART TIME. YOU'LL FIND A RANGE OF OPTIONS, INCLUDING CLASSIC DORM STYLE ARRANGEMENTS AND APARTMENT SUITES, STAFFED BY FRIENDLY AND CAPABLE RESIDENT ASSISTANTS, WHO ARE SUPERVISED BY PROFESSIONAL STAFF. ALL RESIDENCES ARE WIRED FOR CABLE AND THE INTERNET. DINING HALL - AT MCDANIEL, STUDENTS HAVE A WIDE RANGE OF DINING CHOICES, CHOSEN FROM A VARIETY OF MEAL PLANS DESIGNED FOR DORM, APARTMENT, OR COMMUTER STUDENT LIVING. ALL DINING LOCATIONS ARE WITHIN WALKING DISTANCE AND OFFER EXTENSIVE HOURS. 7939171 145290 7769060 GRADUATE PROGRAM OF STUDY - FULL TIME STUDENT EQUIVALENCY 590.THE MISSION OF GRADUATE AND PROFESSIONAL STUDIES IS TO PREPARE CULTURALLY COMPETENT PROFESSIONALS COMMITTED TO LEADERSHIP IN THEIR FIELD. STUDENTS ARE PLACED IN THE CENTER OF A COMMUNITY RICH IN THE LIBERAL ARTS TRADITION. AN EMPHASIS ON THE FOUNDATION OF KNOWLEDGE AND CRITICAL DECISION MAKING BASED ON CURRENT RESEARCH, THEORY AND PRACTICE ARE CENTRAL TO THE VARIOUS PROGRAMS. TWO GRADUATE DEGREES ARE GRANTED BY MCDANIEL COLLEGE: THE MASTER OF LIBERAL ARTS, AND THE MASTER OF SCIENCE. MCDANIEL COLLEGE IS ACCREDITED BY THE COMMISSION ON HIGHER EDUCATION OF THE MIDDLE STATES ASSOCIATION OF COLLEGES AND SCHOOLS. THE SCHOOL IS ALSO ACCREDITED BY THE AMERICAN CHEMICAL SOCIETY, COUNCIL ON SOCIAL WORK EDUCATION, NATIONAL COUNCIL FOR ACCREDITATION OF TEACHER EDUCATION AND THE MARYLAND STATE DEPARTMENT OF EDUCATION. MCDANIEL COLLEGE GRADUATE AND PROFESSIONAL STUDIES DOES MORE THAN PREPARE TEACHERS, ADMINISTRATORS, COUNSELORS, AND A HOST OF EDUCATIONAL SPECIALISTS. AT MCDANIEL, YOU WILL FIND PROFESSIONAL PROGRAMS IN EXERCISE SCIENCE, GERONTOLOGY, AND HUMAN RESOURCE MANAGEMENT. 113416735 1 1 0 1 0 0 0 0 0 1 1 1 0 0 1 1 0 1 1 0 1 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 1 0 0 1 164 0 1462 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 43 43 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MD X JULIE FISHER CONTROLLERTREASURER 4108572218 2 COLLEGE HILL WESTMINSTER MD 211574303 OTTO J GUENTHER CHAIR 1.00 X X 0 0 0 MARY LYNN DURHAM VICE CHAIR 1.00 X X 0 0 0 CHARLES BOEHLKE JR TRUSTEE 1.00 X 0 0 0 WILLIAM BUTZ TRUSTEE 1.00 X 0 0 0 RANDALL M DAY TRUSTEE 1.00 X 0 0 0 ERIC DEZENHALL TRUSTEE 1.00 X 0 0 0 JAMES FRANCIS TRUSTEE 1.00 X 0 0 0 RALPH O FRITH TRUSTEE 1.00 X 0 0 0 DARRELL T GUYTON TRUSTEE 1.00 X 0 0 0 MARTIN KP HILL TRUSTEE 1.00 X 0 0 0 SAMUEL E HOPKINS TRUSTEE 1.00 X 0 0 0 JIN KANG TRUSTEE 1.00 X 0 0 0 ED KASEMEYER TRUSTEE 1.00 X 0 0 0 STEVEN D KESLER TRUSTEE 1.00 X 0 0 0 MARJORIE R KIMBLE TRUSTEE 1.00 X 0 0 0 ALEXANDER KOUNDOURAKIS TRUSTEE 1.00 X 0 0 0 KAREN LAMONT TRUSTEE 1.00 X 0 0 0 CAROLYN P LANDIS TRUSTEE 1.00 X 0 0 0 JAMES E LIGHTNER TRUSTEE 1.00 X 0 0 0 JULIE LUCAS TRUSTEE 1.00 X 0 0 0 SHARON F MANNING TRUSTEE 1.00 X 0 0 0 JILL MENNICKEN TRUSTEE 1.00 X 0 0 0 VICTOR MCTEER TRUSTEE 1.00 X 0 0 0 ALBERT J MEZZANOTTE JR TRUSTEE 1.00 X 0 0 0 VIRGINIA MILLER TRUSTEE 1.00 X 0 0 0 CHARLES E MOORE JR TRUSTEE 1.00 X 0 0 0 DAVID MOSKOWITZ TRUSTEE 1.00 X 0 0 0 CHITRACHEDU NAGANNA TRUSTEE 1.00 X 0 0 0 CHRISTOPHER C NEWMAN TRUSTEE 1.00 X 0 0 0 BRUCE H PRESTON TRUSTEE 1.00 X 0 0 0 DONALD M REMBERT TRUSTEE 1.00 X 0 0 0 WILLIAM RODGERS TRUSTEE 1.00 X 0 0 0 ROBERT SALOMON III TRUSTEE 1.00 X 0 0 0 CAROLYN L SCOTT TRUSTEE 1.00 X 0 0 0 BARBARA SHELTON TRUSTEE 1.00 X 0 0 0 AARON SLAUGHTER TRUSTEE 1.00 X 0 0 0 DOLORES J SNYDER TRUSTEE 1.00 X 0 0 0 PATRICK STOKES TRUSTEE 1.00 X 0 0 0 MARK STUART TRUSTEE 1.00 X 0 0 0 BARBARA A THOMAS TRUSTEE 1.00 X 0 0 0 ANNE VOSS TRUSTEE 1.00 X 0 0 0 WILLIAM J WESTERVELT JR TRUSTEE (UNTIL JUNE '20) 1.00 X 0 0 0 JAMES H YATES TRUSTEE 1.00 X 0 0 0 CARROLL L YINGLING TRUSTEE 1.00 X 0 0 0 ROGER N CASEY PRESIDENT (UNTIL MAY '21) 40.00 X 373596 0 76254 W THOMAS PHIZACKLEA VP ADMIN & FINANCE 40.00 X 219356 0 35705 ARTHUR S WISNER TREASURER (UNTIL MARCH '21) 40.00 X 108766 0 39187 JULIE FISHER TREASURER (AS OF MARCH '21) 40.00 X 0 0 0 KIMBERLY A SEELEY ASSISTANT TREASURER 40.00 X 97410 0 35341 MARISSA CORMIER SECRETARY 40.00 X 83292 0 15634 KATHERINE HOLLABAUGH ASSISTANT SECRETARY 40.00 X 32392 0 33751 JULIANNE JASKEN PROVOST/PRESIDENT (AS OF JUNE '21) 40.00 X 197319 0 49373 VICKY SHAFFER VP INSTITUTIONAL ADVANCEMENT 40.00 X 174112 0 67665 JANELLE HOLMBOE VP ENROLLMENT MGMT. 40.00 X 193426 0 53286 LAWRENCE JUNKIN SENIOR AVP OF IA 40.00 X 161415 0 17388 THOMAS J ZIRPOLI CEO TARGET SERVICES 40.00 X 152235 0 49519 BRENDA FRAZIER ASSOC. VP OF DEV. & LEADERSHIP GIFTS 40.00 X 145329 0 30560 PAUL MOYER DIR. OF ATHLETICS (UNTIL MARCH '21) 40.00 X 114352 0 32563 JENNIFER GLENNON AVP ADMINISTRATION 40.00 X 106587 0 18853 2159587 0 555079 20 0 1 0 WHITING-TURNER CONTRACTING 300 EAST JOPPA ROAD 8TH FLOOR BALTIMORE MD 21286 BUILDING CONTRACTOR 7854949 ARAMARK MANAGEMENT SERVICES 1101 MARKET STREET PHILADELPHIA PA 19107 PHYSICAL PLANT 3904450 CAMPUS WORKS INC 1767 LAKEWOOD RANCH BLVD 305 BRADDENTON FL 34211 IT SERVICES 2188202 DAVID SCOTT ROBERTSONDBA CPM HOME AND O 1312 SOMERSET CT NEW WINDSOR MD 21776 BUILDING CONTRACTOR 464093 RUFFALOCODY HOLDINGS LLCDBA RUFFALO NOE PO BOX 718 DES MOINES IA 50303 STUDENT MARKETING 330637 8 32464 5318451 5102682 559831 10453597 TUITION & FEES - UNDERGRADUATE 611600 80584452 80584452 SALES/SVCS OF AUX. ENTERPRISES 721310 13096574 13096574 TUITION & FEES - GRADUATE 611600 7769060 7769060 101450086 1884965 2115 1882850 204264 69806 134458 134458 134458 29755142 21606105 8149037 8149037 8149037 14208 32464 18788 -4580 -4580 PARKING FINES/FEES 900099 161065 161065 TRANSCRIPT FEES 900099 37477 37477 ADVANTAGE REWARD 711110 28300 28300 129088 129088 355930 122423493 101450086 2115 10517695 53473726 53473726 1834468 581063 1130184 123221 23492348 21630505 524329 1337514 874880 766485 53181 55214 5489674 4858840 281893 348941 1689057 1527060 56686 105311 199872 199872 456181 456181 84983 84983 13888 13888 1373121 1373121 7918644 7687799 93904 136941 1664984 1604465 60519 2148836 2085533 18365 44938 577533 560784 16749 1732571 1732571 121363 120074 1289 188504 118977 69527 1734594 1734594 6633314 6633314 599270 599270 SPONSORED PROGRAM 2615133 2615133 COVID-19 EXPENSES 1859967 1859967 REPAIRS/MAINTENANCE 1071370 1059768 11602 DUES AND SUBSCRIPTIONS 973212 970712 2500 1428030 996223 399350 32457 120249523 113416735 4497667 2335121 16074 10645 16211419 16958651 1558638 915833 1358977 1905989 294663 385722 549022 597196 184649749 121020014 64593699 63629735 82146293 112013892 43619942 56677069 1355359 1121564 5830143 5776563 217534229 259992859 8098934 9623923 4086006 3590850 41231646 38773819 5769860 5246404 5992039 6141969 65178485 63376965 X 40028953 57203000 112326791 139412894 152355744 196615894 217534229 259992859 X 2173970 41909560 176620 X 0 1 X 1 1 1 X 7847665 11558748 14573679 9096818 10453597 53530507 7847665 11558748 14573679 9096818 10453597 53530507 11138446 42392061 2835311 2872400 2644234 2408446 2087114 12847505 432955 376951 368871 424389 370138 1973304 68351316 454281066 0.62020 0.60320 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: ADVANTAGE REWARD - 2019 AMOUNT: $ 32,004. 2020 AMOUNT: $ 28,300. MISC INCOME - 2016 AMOUNT: $ 201,070. 2017 AMOUNT: $ 168,244. 2018 AMOUNT: $ 111,524. 2019 AMOUNT: $ 141,334. 2020 AMOUNT: $ 129,088. NON-CHARITABLE FUNDRAISING RECEIPTS - 2016 AMOUNT: $ 57,142. 2017 AMOUNT: $ 8,710. 2018 AMOUNT: $ 0. 2019 AMOUNT: $ 21,466. 2020 AMOUNT: $ 14,208. PARKING FINES/FEES - 2016 AMOUNT: $ 167,826. 2017 AMOUNT: $ 193,655. 2018 AMOUNT: $ 217,930. 2019 AMOUNT: $ 192,675. 2020 AMOUNT: $ 161,065. THEATER - 2016 AMOUNT: $ 6,917. 2017 AMOUNT: $ 6,342. 2018 AMOUNT: $ 4,008. 2019 AMOUNT: $ 0. 2020 AMOUNT: $ 0. TRANSCRIPT FEES - 2016 AMOUNT: $ 0. 2017 AMOUNT: $ 0. 2018 AMOUNT: $ 35,409. 2019 AMOUNT: $ 36,910. 2020 AMOUNT: $ 37,477. SCHEDULE A, PART II, COLUMN C: THE AMOUNTS FOR 2018 REPRESENT A SHORT YEAR AS THE ORGANIZATION HAD A CHANGE IN ACCOUNTING PERIOD. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 0 1 13888 13888 0 PART II-B, LINE 1: THE ORGANIZATION PAID MEMBERSHIP DUES OF $91,288 TO THE MARYLAND INDEPENDENT COLLEGES AND UNIVERSITIES ASSOCATION (MICUA), WHICH ENGAGES IN LOBBYING ACTIVITIES. MICUA SET ASIDE 15% OF THE DUES PAID TO ENGAGE IN NONDEDUCTIBLE LOBBYING AND POLITICAL EXPENDITURES. THE ORGANIZATION ALSO PAID $3,000 TO GREATER BALTIMORE COMMITTEE WHICH ESTIMATES 6.5% OF ITS DUES ARE USED FOR LOBBYING. ACCORDINGLY, THE COLLEGE HAS REPORTED AN AMOUNT EQUAL TO 15% OF MICUA MEMBERSHIP DUES AND 6.5% OF GREATER BALTIMORE COMMITTEE DUES PAID ON LINE 11 OF PART IX, STATEMENT OF FUNCTIONAL EXPENSES. 127144128 1521082 49631566 8245580 170051196 128730262 1601425 4439782 7627341 127144128 130900426 4212697 926055 7308916 128730262 119910923 5072944 12950602 7034043 130900426 108639655 990542 15439028 5158302 119910923 0.22320 0.41350 0.36330 0 0 2838060 2838060 154326649 100846685 53479964 9114350 6815173 2299177 15273725 11395958 3877767 3096965 1962198 1134767 63629735 AG SUPER FUND 224664 F BLS GLOBAL 6926122 F CASH SURRENDER VALUE - LIFE INSURANCE 158221 F COLCHESTER 3629034 F COMMON FUND 241667 F EFFISSIMO 5115851 F EMERALD CREEK 3053213 F INVESTMENT IN VENTURE LEADING & LEASING IV 130240 F LUCERNE 39434 F MILLENIUM INTERNATIONAL FUND 7841282 F NAYA 3890906 F NZC GUGGENHEIM 699513 F SOAPSTONE 4358606 F TYBOURNE LONG 6885039 F WESTWOOD EMERGING 3860816 F WELLINGTON 9622461 F 56677069 REFUNDABLE ADVANCE FROM THE U.S. GOVERNMENT 1449443 ACCUMULATED POST RETIREMENT BENEFIT OBLIGATION 4692526 6141969 X 109837711 41909560 -54583936 -12674376 122512087 -88594 -88594 122423493 65577561 115873 115873 65461688 54787835 54787835 120249523 PART V, LINE 4: THE ORGANIZATION'S ENDOWMENT FUNDS ARE INTENDED TO HELP PROVIDE AFFORDABLE EDUCATION TO STUDENTS BY PROVIDING FUNDS FOR FINANCIAL AID AND SUPPORT FOR THE OPERATIONS OF THE COLLEGE. PART X, LINE 2: THE COLLEGE ACCOUNTS FOR UNCERTAINTIES IN INCOME TAXES IN ACCORDANCE WITH AUTHORITATIVE GUIDANCE, WHICH PRESCRIBES 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 HAS BEEN MET. MANAGEMENT DETERMINED THERE WERE NO TAX UNCERTAINTIES THAT MET THE RECOGNITION THRESHOLD AT MAY 31, 2021 AND 2020. PART XI, LINE 2D - OTHER ADJUSTMENTS: INVESTMENT EXPENSES -1,373,121. FINANCIAL AID -53,414,714. ADJUSTMENT OF ACTUARIAL LIABILITY ANNUITIES PAYABLE 203,899. PART XI, LINE 4B - OTHER ADJUSTMENTS: RENTAL EXPENSES -69,806. SPECIAL EVENT EXPENSES NETTED WITH REVENUE -18,788. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES 69,806. UNCOLLECTIBLE PLEDGES 26,405. SPECIAL EVENT EXPENSES NETTED WITH REVENUE 18,788. ALLOWANCE RECOVERY - FAW LOAN PROGRAM 874. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 53,414,714. INVESTMENT EXPENSES 1,373,121. 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 COLLEGE ADVERTISEMENTS COVER THE STATE OF MARYLAND, THE PRIMARY SEGMENT OF OUR GENERAL COMMUNITY. UNDER IRS PROCEDURES 75-50, EXCEPTION 4.03 - 2 (B), THE BALANCE OF OUR STUDENT BODY COMES FROM A LARGE GEOGRAPHICAL AREA. THEY ARE CONTACTED THROUGH VISITS TO HIGH SCHOOLS BY ADMISSIONS COUNSELORS WITH STUDENT PUBLICATIONS. ALL ADVERTISEMENTS, BROCHURES, AND OTHER PRINT MATERIALS STATE THE ORGANIZATION'S RACIAL NONDISCRIMINATORY POLICY. SCHEDULE E, PART I, LINE 6 MCDANIEL RECEIVES GRANTS AND SCHOLARSHIPS FOR FINANCIAL AID FROM THE FEDERAL GOVERNMENT AS WELL AS THE STATE OF MARYLAND. THE FUNDS THAT ARE RECEIVED ARE EARMARKED BY THE GOVERNMENT AGENCY FOR CERTAIN STUDENTS AND THE COLLEGE HAS NO DECISION MAKING POWER OVER THE FUNDS. CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, 0 0 INVESTMENTS 11732189 EAST ASIA AND THE PACIFIC - AUSTRALIA, BRUNEI, BURMA, CAMBODIA, 0 0 INVESTMENTS 12000890 0 0 0 0 0 0 23733079 0 23733079 1 0 1 1 1 0 PART III ACCOUNTING METHOD: SCHEDULE F, PART IV, LINES 1, 3, AND 5: THE ORGANIZATION HAD TRANSFERS TO AND AN INTEREST IN A FOREIGN CORPORATION FOR THE YEAR BUT ITS TRANSACTIONS AND HOLDINGS DID NOT EXCEED THRESHOLDS FOR FILING. THE ORGANIZATION ALSO HAD INTERESTS IN FOREIGN PARTNERSHIPS AND DID NOT HAVE ANY TRANSFERS OR TRANSACTIONS WHICH EXCEEDED THE THRESHOLD FOR FILING. THE ORGANIZATION DID NOT INVEST IN ANY PASSIVE FOREIGN INVESTMENT COMPANY WHICH GENERATED A FILING REQUIREMENT. GOLF TOURNAMENT 46672 32464 14208 5209 7602 5443 534 46672 32464 14208 5209 7602 5443 534 18788 -4580 1 SCHOLARSHIPS/FELLOWSHIPS 1458 53473726 PART I, LINE 2: A LIST OF SCHOLARSHIP RECIPIENTS IS ON FILE AT THE INSTITUTION AND IS AVAILABLE ON REQUEST. ALL RECIPIENTS ARE SELECTED ON AN EQUAL, OBJECTIVELY DETERMINABLE BASIS ACCORDING TO THE REQUIREMENTS FOR EACH SCHOLARSHIP AND/OR AID FOR WHICH THE RECIPIENT IS APPLYING. THAT IS, ALL STUDENTS RECEIVING SCHOLARSHIPS AND FELLOWSHIPS ARE JUDGED WORTHY BY THE INSTITUTION'S ASSESSMENT ON THE BASIS OF ACADEMIC ACHIEVEMENT, FINANCIAL NEED, AND OTHER SIMILAR STANDARDS. ALL SCHOLARSHIPS AND FINANCIAL AID HAVE ACADEMIC REQUIREMENTS WHICH THE RECIPIENTS NEED TO MAINTAIN TO CONTINUE RECEIVING AID. STUDENTS DO NOT RECEIVE CASH GRANTS. RATHER, ALL FINANCIAL AID IS TREATED AS A REDUCTION TO TUITION. X 1 0 X X X X 1 1 0 0 0 0 0 0 0 ROGER N CASEY PRESIDENT (UNTIL MAY '21) 373596 0 0 0 0 0 45500 0 30754 0 449850 0 0 0 W THOMAS PHIZACKLEA VP ADMIN & FINANCE 219356 0 0 0 0 0 21521 0 14184 0 255061 0 0 0 JANELLE HOLMBOE VP ENROLLMENT MGMT. 193426 0 0 0 0 0 18287 0 34999 0 246712 0 0 0 JULIANNE JASKEN PROVOST/PRESIDENT (AS OF JUNE '21) 197319 0 0 0 0 0 19500 0 29873 0 246692 0 0 0 VICKY SHAFFER VP INSTITUTIONAL ADVANCEMENT 174112 0 0 0 0 0 26000 0 41665 0 241777 0 0 0 THOMAS J ZIRPOLI CEO TARGET SERVICES 152235 0 0 0 0 0 26000 0 23519 0 201754 0 0 0 LAWRENCE JUNKIN SENIOR AVP OF IA 161415 0 0 0 0 0 8481 0 8907 0 178803 0 0 0 BRENDA FRAZIER ASSOC. VP OF DEV. & LEADERSHIP GIFTS 145329 0 0 0 0 0 13417 0 17143 0 175889 0 0 0 PART I, LINE 1A PRESIDENT ROGER CASEY IS REQUIRED TO LIVE ON CAMPUS AS A CONDITION OF HIS EMPLOYMENT. THE HOUSING IS PROVIDED FOR THE CONVENIENCE OF THE EMPLOYER AND THE LODGING IS FURNISHED ON THE COLLEGE CAMPUS. THE VALUE OF THE HOUSING ALLOWANCE WAS $12,000. THIS AMOUNT HAS NOT BEEN INCLUDED IN THE EMPLOYEE'S TAXABLE COMPENSATION. THE ABOVE HOUSING ALLOWANCE IS PART OF THE EMPLOYEE'S EMPLOYMENT CONTRACT AND IS THUS NOT SUBJECT TO SUBSTANTIATION REQUIREMENTS. PART I, LINES 4A-B PAUL MOYER, DIRECTOR OF ATHLETICS, RECEIVED A SEVERANCE PAYMENT OF $82,057. THE PRESIDENT, ROGER CASEY, IS A PARTICIPANT IN A NON-QUALIFIED PLAN. THE ORGANIZATION CONTRIBUTED $19,500 TO THE PLAN DURING THE YEAR. A CITY OF WESTMINSTER MD 526000811 960733BV4 2016-10-27 38410000 REFINANCE OR REFUND SERIES 2000 AND SERIES 2006 BONDS 0 0 0 A 4820000 43507194 357629 43149565 2016 1 0 1 1 A 0 0 1 1 0 0.01500 0.00000 0.01500 0 0 1 A 0 1 0 0 0 0 0 0 1 A 1 SCHEDULE K, PART I, COLUMN (E) AND PART II, LINE 3: THE PROCEEDS AS LISTED ON PART II, LINE 3, VARIES FROM THE FACE VALUE OF THE BOND ISSUE AS REPORTED ON PART I, COLUMN (E) DUE TO BOND PREMIUM. X 25 559831 NYSE 0 0 1 0 PART I, COLUMN (B): THE NUMBER LISTED IN COLUMN B FOR LINE 9 REPRESENTS THE NUMBER OF CONTRIBUTORS. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS FIRST REVIEWED BY THE CFO AND PRESIDENT. ONCE THEY HAVE APPROVED THE FORM 990, IT IS POSTED TO THE BOARD OF DIRECTORS' PORTAL FOR REVIEW. THE FORM 990 IS PART OF THE FEBRUARY 18, 2022 BOARD MEETING AGENDA. THE FORM 990 IS ACCEPTED AT THIS MEETING PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C MCDANIEL COLLEGE HAS ALL TRUSTEES, KEY EMPLOYEES, AND OFFICERS COMPLETE AN ANNUAL DISCLOSURE STATEMENT FOR CONFLICTS OF INTEREST. TAXPAYER HAS 100% PARTICIPATION WITH THE COMPLETION OF THE STATEMENT. A LIST IS COMPILED, REVIEWED AND ON FILE WITH THE FINANCE AND PRESIDENT'S OFFICE. CONTRACTS AND VENDORS ARE PERIODICALLY REVIEWED AND BIDS ARE OBTAINED AND REVIEWED WITH CONFLICT OF INTEREST AWARENESS. ANY BOARD MEMBER WHO HAS A POSSIBLE CONFLICT OF INTEREST DOES NOT VOTE ON ANY MATTER RELATED TO THE POSSIBLE CONFLICT. THE MINUTES WILL REFLECT THAT A DISCLOSURE WAS MADE, THAT THE MEMBER WITH THE POSSIBLE CONFLICT ABSTAINED FROM VOTING, AND THAT THE MEMBER HAS NOT BEEN INCLUDED IN THE QUORUM. FAMILY AND BUSINESS RELATIONSHIPS ARE EXPRESSLY MENTIONED AS SOURCES OF POTENTIAL CONFLICTS IN THE CONFLICT OF INTEREST POLICY. FORM 990, PART VI, SECTION B, LINE 15 THE PRESIDENT (CEO) AND PRESIDENT'S COUNCIL (VPS/PROVOST) COMPENSATION PACKAGES ARE REVIEWED ANNUALLY BY AN EXECUTIVE COMPENSATION COMMITTEE OF THE BOARD. A COMPARISON OF COMPENSATION IS MADE TO THE COLLEGE AND UNIVERSITY PERSONNEL ASSOCIATION'S (CUPA) ADMINISTRATIVE COMPENSATION SURVEY TO ENSURE THE PRESIDENT'S COMPENSATION PACKAGE IS WITHIN FAIR MARKET VALUE FOR THE INDUSTRY. PERFORMANCE EVALUATIONS ARE ALSO REVIEWED. A RECOMMENDATION IS MADE TO THE EXECUTIVE COMMITTEE OF THE BOARD FOR APPROVAL OF COMPENSATION PACKAGES. OTHER OFFICERS AND KEY EMPLOYEES ARE REVIEWED BY THE PRESIDENT'S COUNCIL AND COMPARISONS ARE MADE TO OTHER COLLEGES' COMPARABLE POSITIONS USING CUPA'S ANNUAL SURVEY DATA. LOCAL MARKETS ARE ALSO SURVEYED PERIODICALLY. BOARD LEVEL DISCUSSIONS ON EXECUTIVE COMPENSATION ARE RECORDED IN BOARD MINUTES. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE AVAILABLE BY REQUEST AT THE FOLLOWING OFFICES: FINANCIAL SERVICES, PRESIDENT'S, OR DEVELOPMENT. CONFLICT OF INTEREST STATEMENTS ARE AVAILABLE AT THE FINANCIAL SERVICES OFFICE BY REQUEST. FORM 990 IS AVAILABLE BY REQUEST TO THE FINANCIAL SERVICES OFFICE OR CAN BE OBTAINED ONLINE AT GUIDESTAR.ORG. FORM 990, PART XI, LINE 9: ADJUSTMENT OF ACTUARIAL LIABILITY ANNUITIES PAYABLE 203,899. UNCOLLECTIBLE PLEDGES -26,405. ALLOWANCE RECOVERY - FAW LOAN PROGRAM -874. 23656 COLTON POINT ROAD LLC 2 COLLEGE HILL WESTMINSTER MD 21157 471122967 REAL ESTATE HOLDING MD 0 0 MCDANIEL COLLEGE INC WMC DEVELOPMENT CORPORATION 2 COLLEGE HILL WESTMINSTER MD 21157 521434968 REAL ESTATE LAND LESSOR MD MCDANIEL COLLEGE C 17470 4527058 1.00000 1 WMC DEVELOPMENT LAND HOLDING CORPORATION 2 COLLEGE HILL WESTMINSTER MD 21157 320236158 LAND HOLDING COMPANY MD WMC DEVELOPMENT CORPORATION C 40333 329441 1.00000 1 CHARITABLE REMAINDER TRUST (4) INVESTMENT TRUST MD N/A T 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 WMC DEVELOPMENT CORPORATION A 335806 COST