2021-05-11T14:11:08-05:00 2020-06-30 390859910 BAKER TILLY US LLP 1570 FRUITVILLE PIKE SUITE 400 LANCASTER PA 17601 990 2019-07-01 231352354 LEBANON VALLEY COLLEGE LEBA 7178676421 101 NORTH COLLEGE AVENUE ANNVILLE PA 17003 SHAWN P CURTIN VP FINANCE & ADMINISTRATION 7178676421 2021-05-04 1 KERRI N BOGDA CPA P00760402 7177404863 2019 2022-09-23 18:48:47Z JAMES MACLAREN 101 NORTH COLLEGE AVENUE ANNVILLE PA 17003 126714153 0 X WWW.LVC.EDU X 1866 PA PROVIDES EDUCATIONAL SERVICES AT THE UNDERGRADUATE AND GRADUATE LEVEL. 33 29 1760 870 333294 0 8637681 10795301 90349248 89944577 2336541 3040634 1058481 832271 102381951 104612783 44478486 46522614 0 0 30854768 31089870 0 0 3005894 24397486 26986264 99730740 104598748 2651211 14035 210588247 214348628 51268869 57721217 159319378 156627411 X LEBANON VALLEY COLLEGE DELIVERS A TRANSFORMATIVE EDUCATION BUILT ON THE LIBERAL ARTS. WE DEVELOP STUDENTS WHO THINK CRITICALLY AND CREATIVELY ACROSS BOUNDARIES; WHO SOLVE COMPLEX PROBLEMS; WHO COMMUNICATE EFFECTIVELY; AND WHO VALUE DIFFERENCES AMONG HUMAN BEINGS. OUR GRADUATES ARE EMPOWERED TO PURSUE A LIFE OF LEARNING, CITIZENSHIP, AND SUCCESS. 0 0 89806021 46522614 90136290 LEBANON VALLEY COLLEGE, FOUNDED IN 1866, OFFERS BACHELOR'S DEGREES IN MORE THAN 45 MAJORS; MASTER'S DEGREES IN ACCOUNTING (MBA 3+1), APPLIED KINESIOLOGY, ATHLETIC TRAINING, BUSINESS ADMINISTRATION, CLINICAL EXERCISE PHYSIOLOGY, CLINICAL MENTAL HEALTH COUNSELING, SCIENCE IN STEM EDUCATION, SPEECH-LANGUAGE PATHOLOGY, AND SPORT PERFORMANCE, A DOCTORAL DEGREE IN PHYSICAL THERAPY, AND CERTIFICATES IN HEALTHCARE MANAGEMENT, INTEGRATIVE STEM EDUCATION, LEADERSHIP AND ETHICS, ONLINE TEACHING AND LEARNING, MODERN BAND, AND SUPPLY CHAIN MANAGEMENT & LOGISTICS. LOCATED EIGHT MILES FROM HERSHEY, PENNSYLVANIA, THIS COLLEGE OF 1,959 ENROLLED STUDENTS PRODUCES ALUMNI WHO ATTEND PRESTIGIOUS GRADUATE AND PROFESSIONAL SCHOOLS, AND ARE EMPLOYED BY TOP COMPANIES AND SCHOOL DISTRICTS. CONTINUED ON SCHEDULE O.TWENTY PERCENT OF OUR STUDENT ARE FIRST GENERATION, 20% ARE PELL-ELIGIBLE, AND 100% OF THE FALL 2020 INCOMING CLASS RECEIVED GRANT OR SCHOLARSHIP AID FROM LVC. MORE THAN 35% OF OUR STUDENTS PARTICIPATE ON OUR 27 NCAA DIVISION III ATHLETIC TEAMS OR ESPORTS TEAMS, AND OUR STUDENTS VOLUNTEERED MORE THAN 18,000 HOURS OF COMMUNITY SERVICE DURING THE 2019-2020 ACADEMIC YEAR.LEBANON VALLEY COLLEGE OPENED THE CENTER FOR SPEECH, LANGUAGE, AND HEARING DISORDERS IN AUGUST 2020. THIS FREE CLINIC IS AVAILABLE TO CHILDREN AND ADULTS IN THE COMMUNITY WHO HAVE COMMUNICATION AND SWALLOWING DISORDERS. 89806021 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 2676 0 1760 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 33 29 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 LEWIS E THAYNE PRESIDENT (UNTIL 5/20) 40.00 X X 394615 0 72701 SHAWN P CURTIN VP FINANCE/TREASURER 40.00 X 212965 0 39929 EDWIN WRIGHT VP OF ENROLLMENT MANAGEMENT 40.00 X 173280 0 36005 GREGORY KRIKORIAN VP STUDENT AFFAIRS (UNTIL 1/31/20) 40.00 X 139716 0 36238 STAN DACKO ASSOC. PROF. PHYSICAL THERAPY 40.00 X 136501 0 33100 DAVID SHAPIRO SR. DIRECTOR OF IT 40.00 X 136933 0 27002 MATTHEW WEAVER SECRETARY 1.00 X 141474 0 19063 DAVID SETLEY PROFESSOR OF BUS. ADMIN/DIR OF MBA PROG. 40.00 X 137072 0 15576 MONICA COWART PROVOST & VP FOR ACADEMIC AFFAIRS 40.00 X 118513 0 16208 MOLLY O'BRIEN-FOELSCH CHIEF COMMUNICATONS OFFICER 40.00 X 120548 0 10917 TREVA CLARK FACULTY TRUSTEE 1.00 X 100535 0 16436 KENNETH YARNALL FACULTY TRUSTEE 1.00 X 74122 0 26597 MICHAEL GREEN UNTIL 052019 VP ACADEMIC AFFAIRS/FACULTY DEAN 40.00 X 89257 0 9875 CHRISTOPHER J HEFFNER FACULTY TRUSTEE 1.00 X 65782 0 21109 BRANDON N KEMMERY STUDENT TRUSTEE 1.00 X 5819 0 0 SETH MENDELSOHN VICE CHAIR/ADJUNCT FACULTY 1.00 X X 3150 0 0 JARED KRAMER STUDENT TRUSTEE 1.00 X 720 0 0 ELYSE E ROGERS CHAIR 1.00 X X 0 0 0 KRISTEN R ANGSTADT VICE CHAIR 1.00 X X 0 0 0 JAMES MACLAREN PRESIDENT (BEG. 6/1/20) 1.00 X X 0 0 0 ELIZABETH R UNGER ASSISTANT SECRETARY 1.00 X X 0 0 0 KATHERINE J BISHOP TRUSTEE 1.00 X 0 0 0 EDWARD D BREEN TRUSTEE 1.00 X 0 0 0 TRUMAN T BROOKS III TRUSTEE 1.00 X 0 0 0 SUSAN M CORBETT TRUSTEE 1.00 X 0 0 0 SUSANNE HARLEY DOMBROWSKI TRUSTEE 1.00 X 0 0 0 JAMES G GLASGOW TRUSTEE 1.00 X 0 0 0 M LOUISE HESS TRUSTEE 1.00 X 0 0 0 WENDIE DIMATTEO HOLSINGER TRUSTEE 1.00 X 0 0 0 GEORGE J KING TRUSTEE 1.00 X 0 0 0 CARROLL SKIP MISSIMER TRUSTEE 1.00 X 0 0 0 CHESTER Q MOSTELLER TRUSTEE 1.00 X 0 0 0 ALLEN M NEWSOME TRUSTEE 1.00 X 0 0 0 LYNN G PHILLIPS TRUSTEE 1.00 X 0 0 0 ELLIOTT ROBINSON TRUSTEE 1.00 X 0 0 0 KAREN A SCHMITT TRUSTEE 1.00 X 0 0 0 TRACEY A STOVER TRUSTEE 1.00 X 0 0 0 RYAN H TWEEDIE TRUSTEE 1.00 X 0 0 0 AJI M ABRAHAM TRUSTEE 1.00 X 0 0 0 MARY JEAN BISHOP TRUSTEE 1.00 X 0 0 0 RICHARD E HARPER TRUSTEE 1.00 X 0 0 0 JOSEPH F RILATT TRUSTEE 1.00 X 0 0 0 ROBERT E HARBAUGH TRUSTEE 1.00 X 0 0 0 MELISSA POOLE TRUSTEE 1.00 X 0 0 0 JEANNE D ARNOLD TRUSTEE (UNTIL 5/20) 1.00 X 0 0 0 DAVID A CASS TRUSTEE (UNTIL 5/20) 1.00 X 0 0 0 GREGORY A HIGH TRUSTEE (UNTIL 5/20) 1.00 X 0 0 0 LAURA ELDRED FACULTY TRUSTEE (UNTIL 5/20) 1.00 X 0 0 0 MALIA J WALTMAN STUDENT TRUSTEE (UNTIL 5/20) 1.00 X 0 0 0 2051002 0 380756 25 0 1 0 HIGH CONSTRUCTION COMPANY 1853 WILLIAM PENN WAY LANCASTER PA 17601 CONSTRUCTION SERVICES 3420972 METZ CULINARY MANAGEMENT 2 WOODLAND DRIVE DALLAS PA 18612 FOOD SERVICES 3149701 JEM GROUP LLC 509 NORTH SECOND STREET HARRISBURG PA 17101 CONSTRUCTION SERVICES 852982 CM HIGH INC 341 KING STREET MYERSTOWN PA 17067 ELECTRICAL CONTRACTOR 416335 SCHNEIDER ELECTRIC BUILDING AMERICAS IN 1650 W CROSBY RD CARROLLTON TX 75006 CONSTRUCTION SERVICES 368400 26 1429 15310 6422364 4356198 1570271 10795301 STUDENT TUITION AND FEES 611310 78693483 78693483 AUXILIARY ENTERPRISES 611310 11251094 11251094 89944577 1757636 7951 1749685 107659 75479 32180 32180 32180 23288921 22005923 1282998 1282998 1282998 19418 15310 19968 -550 -550 ATHLETIC CAMPS & TOURNAMENTS 713990 191713 191713 CONFERENCE-DORMITORIES 721000 171934 171934 ARNOLD SPORTS CENTER 713990 143859 143859 293135 9550 283585 800641 104612783 90136290 333294 3347898 53100 53100 46469514 46469514 1182126 969343 165498 47285 22596753 18162161 2753985 1680607 1650023 1353019 231003 66001 4016210 3293293 562269 160648 1644758 1348701 230267 65790 146266 67282 73133 5851 90100 41446 45050 3604 30000 30000 249094 249094 4158320 3276171 715817 166332 1098200 1021326 76874 1629073 1335840 228070 65163 64476 52870 9027 2579 1369642 1123106 191750 54786 736581 603997 103121 29463 6423726 5267455 899322 256949 6292815 5160108 880994 251713 544212 446254 76190 21768 REPAIRS & MAINTENANCE 1642312 1642312 LIBRARY MATERIALS 635179 520847 88925 25407 BOOSTER EXPENSE 620998 620998 STUCO/CULTURAL PROGRAMM 237983 237983 1017287 23531 968682 25074 104598748 89806021 11786833 3005894 67446 4000 11242426 15020494 11045926 9811294 1091300 4303041 2080678 1700433 24356 28065 1465652 1355445 211262951 108394216 99527627 102868735 64518381 60448273 15077378 14900056 4447077 3908792 210588247 214348628 6061921 6487505 120588 357572 40323097 40757776 516603 355879 4246660 9762485 51268869 57721217 X 92634068 90607081 66685310 66020330 159319378 156627411 210588247 214348628 X 14035 -2700169 -5833 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 0 1 30000 30000 0 PART II-B, LINE 1: THE COLLEGE PAID $30,000 TO LONG NYQUIST & ASSOCIATES TO ASSIST IN IDENTIFYING AND APPLYING FOR ELIGIBLE GRANTS. 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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 -5,833. INVESTMENT EXPENSES NETTED AGAINST REVENUE ON FINANCIALS -238,652. STUDENT EDUCATIONAL GRANTS NETTED AGAINST REVENUE ON FINANCIALS -43,963,611. PART XI, LINE 4B - OTHER ADJUSTMENTS: RENTAL EXPENSES -75,479. FUNDRAISING EXPENSES -19,968. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSE 75,479. FUNDRAISING EXPENSES 19,968. PART XII, LINE 4B - OTHER ADJUSTMENTS: INVESTMENT EXPENSES NETTED AGAINST REVENUE ON FINANCIALS 238,652. STUDENT EDUCATIONAL GRANTS NETTED AGAINST REVENUE ON FINANCIALS 43,963,611. 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. FOR FISCAL YEAR 2020, THE COLLEGE ALSO RECEIVED HIGHER EDUCATION EMERGENCY RELIEF FUND (HEERF) MONEY THROUGH THE CORONAVIRUS AID, RELIEF, AND ECONOMIC SECURITY (CARES) ACT. CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, 0 0 INVESTMENTS 300417 NORTH AMERICA 0 0 PROGRAM SERVICE EXPENSES STUDY ABROAD PROGRAM 52225 EAST ASIA AND THE PACIFIC - AUSTRALIA, BRUNEI, BURMA, CAMBODIA, 0 0 PROGRAM SERVICE EXPENSES STUDY ABROAD PROGRAM 158263 EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM 0 0 PROGRAM SERVICE EXPENSES STUDY ABROAD PROGRAM 157738 0 0 0 0 0 0 668643 0 668643 1 0 0 0 1 0 PART III ACCOUNTING METHOD: LVEP GOLF TOURNAMENT 14585 6982 7603 173 1651 4000 1592 737 LVC GOLF CLASSIC 13728 5941 7787 1145 3900 2542 200 1 6415 2387 4028 2409 1015 604 34728 15310 19418 173 2796 10309 5149 1541 19968 -550 1 ANNVILLE TOWNSHIP 36 NORTH LANCASTER STREET ANNVILLE PA 17003 236003026 N/A 26000 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 20000 0 N/A N/A UNRESTRICTED CONTRIBUTION TO SUPPORT THE SCHOOL DISTRICT 2 0 LVC GRANTS & SCHOLARSHIPS 1642 43787962 0 N/A N/A SEOG GRANTS 50 175646 0 N/A N/A STUDENT AWARDS 109 278714 0 N/A N/A PELL GRANTS 414 1781846 0 N/A N/A FACULTY ACADEMIC GRANTS 17 23504 0 N/A N/A TEACH GRANTS 10 32842 0 N/A N/A HEERF CARES STUDENT AID 695 389000 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 X X 1 1 X X X 0 0 0 0 0 0 0 0 0 LEWIS E THAYNE PRESIDENT (UNTIL 5/20) 394615 0 0 0 0 0 25200 0 47501 0 467316 0 0 0 SHAWN P CURTIN VP FINANCE/TREASURER 212965 0 0 0 0 0 20089 0 19840 0 252894 0 0 0 EDWIN WRIGHT VP OF ENROLLMENT MANAGEMENT 173280 0 0 0 0 0 16416 0 19589 0 209285 0 0 0 GREGORY KRIKORIAN VP STUDENT AFFAIRS (UNTIL 1/31/20) 139716 0 0 0 0 0 13652 0 22586 0 175954 0 0 0 STAN DACKO ASSOC. PROF. PHYSICAL THERAPY 136501 0 0 0 0 0 12448 0 20652 0 169601 0 0 0 DAVID SHAPIRO SR. DIRECTOR OF IT 136933 0 0 0 0 0 11289 0 15713 0 163935 0 0 0 MATTHEW WEAVER SECRETARY 141474 0 0 0 0 0 10393 0 8670 0 160537 0 0 0 DAVID SETLEY PROFESSOR OF BUS. ADMIN/DIR OF MBA P 137072 0 0 0 0 0 9844 0 5732 0 152648 0 0 0 PART I, LINE 1A FROM THE EMPLOYMENT AGREEMENT BETWEEN LEBANON VALLEY COLLEGE AND LEWIS E. THAYNE (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." IN ADDITION, THE PRESIDENT LIVES IN A COLLEGE OWNED HOUSE, WHICH IS ON CAMPUS. THESE BENEFITS ARE NOT CONSIDERED TAXABLE BENEFITS TO THE PRESIDENT. A ANNVILLE TOWNSHIP AUTHORITY 236003026 2019-12-13 40935000 REFINANCE PRIOR BONDS 0 0 0 A 40935000 212181 40722819 0 0 1 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 0 A 0 1 0 0 0 1 0 0 0 0 0 A 0 SCHEDULE K, PART III LINE 9, PART IV LINE 7, AND PART V: THE COLLEGE HAS PROCEDURES IN PLACE TO MONITOR COMPLIANCE AND IS IN THE PROCESS OF FORMALIZING A WRITTEN POLICY. X 1 83960 ESTATE APPRAISAL X 629 COST X 18 1475282 MEAN SHARE PRICE X MUSIC INSTRUMENTS 2 8800 COST X APPLIANCES 1 1500 COST X TREE 1 100 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: - SETH MENDELSOHN - TREVA CLARK - CHRISTOPHER J. HEFFNER - KENNETH YARNALL - JARED KRAMER - BRANDON N. KEMMERY FORM 990, PART XI, LINE 9: CHANGE IN CASH SURRENDER VALUE OF LIFE INSURANCE POLICY -5,833. 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 2725 820 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