2020-04-15T11:04:01-05:00 2019-05-31 390859910 BAKER TILLY VIRCHOW KRAUSE LLP 1570 FRUITVILLE PIKE SUITE 400 LANCASTER PA 17601 990 2018-06-01 231352615 ALBRIGHT COLLEGE ALBR 6109217749 13TH BERN STREETS PO BOX 15234 READING PA 196125234 JEFFREY L STRADER ACTING VP, FIN./STRAT. PTNERSP 6109217749 2020-04-15 1 KERRI N BOGDA CPA P00760402 7177404863 73.187.220.225 2020-04-15 09:29:24 ED P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 6C9B1A35775087DBDB8A6D25ECA509C7F6C27838 2018 2020-09-23 17:36:50Z JACQUELYN S FETROW 13TH BERN STREETS PO BOX 15234 READING PA 196125234 124886693 0 X WWW.ALBRIGHT.EDU X 1928 PA PROMOTING A COMMITMENT TO LIFELONG LEARNING WITH A FOUNDATION IN THE LIBERAL ARTS. 28 27 1156 125 853227 0 3383443 8738000 85176132 86643304 2879668 9181289 2282552 2659280 93721795 107221873 44006029 48430821 0 0 27980821 26342515 0 0 1619156 24525686 24320894 96512536 99094230 -2790741 8127643 179209101 178505534 53954633 53433888 125254468 125071646 X OUR MISSION IS TO INSPIRE AND EDUCATE THE SCHOLAR AND LEADER IN EACH STUDENT, BUILDING ON A STRONG FOUNDATION IN THE LIBERAL ARTS AND A COMMITMENT TO THE BEST OF HUMAN VALUES, FOSTERING A COMMITMENT TO A LIFETIME OF SERVICE AND LEARNING. 0 0 86465738 48430821 86698154 FOUNDED IN 1856, ALBRIGHT COLLEGE OFFERS PROGRAMS FOR BOTH TRADITIONAL UNDERGRADUATE STUDENTS AND POST-TRADITIONAL ADULT LEARNERS. STUDENTS AT ALBRIGHT ARE ENCOURAGED TO CROSS INTELLECTUAL AND CULTURAL BOUNDARIES, AND TO TAILOR THEIR OWN PATHS WITHIN A VIBRANT, ACTIVE, AND DIVERSE CAMPUS COMMUNITY. A COMBINATION OF CLOSE FACULTY MENTORSHIP, A FLEXIBLE, ADAPTABLE CURRICULUM, AND REAL-WORLD LEARNING ALLOWS STUDENTS TO EXPLORE CREATIVE SOLUTIONS, UNDERSTAND THE WORLD'S INCREASING INTERCONNECTEDNESS, AND DISCOVER NEW IDEAS, NEW SKILLS, AND NEW OUTLOOKS. AT ITS CORE, ALBRIGHT IS A LIBERAL ARTS COLLEGE, DEVELOPING IN STUDENTS THE SKILLS THAT EMPLOYERS SEEK MOST - THE ABILITY TO ADAPT WELL TO CHANGE, COMMUNICATE EFFECTIVELY, THINK CRITICALLY AND ANALYTICALLY, INTERACT CONSTRUCTIVELY WITH OTHERS, AND VIEW PROBLEMS FROM MULTIPLE PERSPECTIVES. GRADUATES FIND THAT AN ALBRIGHT EDUCATION CULTIVATES AND HONES THE VERY TOOLS THEY NEED FOR A LIFETIME OF SUCCESS, NO MATTER WHAT ROAD THEY TRAVEL OR HOW MANY TURNS IT TAKES. OUR GRADUATES INDICATE VERY HIGH ENGAGEMENT AND PARTICIPATION WITH ACTIVITIES THAT THE GALLUP ORGANIZATION HAS ASSOCIATED WITH LONG-TERM SUCCESS.ALBRIGHT HAS AGAIN BEEN NAMED ONE OF THE BEST SCHOOLS IN THE NORTHEAST BY THE PRINCETON REVIEW. ALBRIGHT HAS A DISTINGUISHED HISTORY OF LEADERSHIP IN UNDERGRADUATE SCIENCE EDUCATION, PREMEDICAL STUDY, AND PREPARATION FOR CAREERS IN HEALTH SERVICES, AND HAS BEEN RECOGNIZED AS ONE OF THE 25 BEST COLLEGES IN THE NATION FOR ARTISTIC STUDENTS. THE COLLEGE IS NAMED ONE OF THE NATION'S TOP PRIVATE FASHION DESIGN AND FASHION MERCHANDISING SCHOOLS, OFFERING A PROGRAM THAT ALLOWS ACADEMICALLY STRONG, MOTIVATED STUDENTS TO COMPLETE A FASHION MERCHANDISING DEGREE IN JUST THREE YEARS.OVER 51 PERCENT OF GRADUATES EXERCISED THE CREATIVE OPTIONS WITHIN ALBRIGHT'S FLEXIBLE CURRICULUM AND PURSUED AN INTERDISCIPLINARY MAJOR, A DOUBLE MAJOR OR MAJOR/MINOR COMBINATION. ON AVERAGE, OVER THE PAST THREE YEARS, OVER 85 PERCENT OF OUR GRADUATES WERE EITHER EMPLOYED OR CONTINUING THEIR EDUCATION WITHIN SIX MONTHS AFTER GRADUATION. ALBRIGHT'S HISTORICALLY STRONG PLACEMENT RATES INTO HEALTH PROFESSION SCHOOLS OF MEDICINE, DENTISTRY, VETERINARY, AND OPTOMETRY CONTINUE. ALBRIGHT'S SCHOOL OF PROFESSIONAL STUDIES OFFERS OPTIONS FOR POST-TRADITIONAL LEARNERS SEEKING ACCELERATED BACHELOR'S DEGREES AT VARIOUS LOCATIONS THROUGHOUT PENNSYLVANIA. THE SCHOOL OF PROFESSIONAL STUDIES ALSO OFFERS A MASTER'S DEGREE IN EDUCATION AND AN ONLINE ADDICTION STUDIES MINOR AND CERTIFICATE PROGRAM. THE ADDICTION STUDIES PROGRAM FULFILLS THE EDUCATIONAL REQUIREMENTS NEEDED TO BECOME CERTIFIED AS AN ALCOHOL AND DRUG COUNSELOR (CADC), OR ASSOCIATE ADDICTION COUNSELOR (AAC) BY THE PENNSYLVANIA CERTIFICATION BOARD.THIS PAST YEAR, APPROXIMATELY 1,625 FULL-TIME STUDENTS REPRESENTING 27 STATES AND 15 COUNTRIES WERE ENROLLED IN ALBRIGHT'S TRADITIONAL UNDERGRADUATE PROGRAM. APPROXIMATELY 281 NON-TRADITIONAL STUDENTS WERE ENROLLED IN COURSES OFFERED BY THE SCHOOL OF PROFESSIONAL STUDIES. 86465738 1 1 0 0 0 0 0 1 0 1 1 1 0 1 1 1 0 1 1 0 1 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 1 0 0 1 1 0 0 0 0 1 1 1 0 0 1 2742 0 1156 1 1 1 1 GK CS 0 0 0 1 1 0 0 0 0 0 0 X 28 27 0 1 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 PA X RICK MELCHER ASSOC VPCONTROLLER 6109217749 13TH BERN STREETS PO BOX 15234 READING PA 196125234 JEFFREY J JOYCE CHAIRMAN 1.00 X X 0 0 0 KATHLEEN C HITTNER MD VICE CHAIRMAN 1.00 X X 0 0 0 ROSS D MILLER ESQ SECRETARY 1.00 X X 0 0 0 TED C ABRAMS TRUSTEE 1.00 X 0 0 0 TIFFENIA D ARCHIE TRUSTEE 1.00 X 0 0 0 THOMAS A CHAVES TRUSTEE 1.00 X 0 0 0 TERRENCE R CURTIN TRUSTEE 1.00 X 0 0 0 NANETTE F CUTRONA TRUSTEE (THRU 4/19) 1.00 X 0 0 0 DWIGHT DAVIS TRUSTEE 1.00 X 0 0 0 JACQUELYN S FETROW PHD PRESIDENT 39.75 0.25 X X 326298 0 69372 ROBERT M FORD TRUSTEE 1.00 X 0 0 0 MARK T GALLAGHER ESQ TRUSTEE 1.00 X 0 0 0 KATHLEEN J GRANT MD TRUSTEE 1.00 X 0 0 0 JEFFREY W GRIFFITHS TRUSTEE 1.00 X 0 0 0 JOSEPHINE A GRUBER TRUSTEE 1.00 X 0 0 0 DANIEL B HUYETT ESQ TRUSTEE 1.00 X 0 0 0 ROBIN M HYNICKA TRUSTEE 1.00 X 0 0 0 SCOTT KEATON CPA TRUSTEE 1.00 X 0 0 0 KENNETH S LAKIN TRUSTEE 1.00 X 0 0 0 MICHAEL D LISS CPA TRUSTEE 1.00 X 0 0 0 JOHN P MCALLISTER TRUSTEE 1.00 X 0 0 0 WC JACK MILLER TRUSTEE 1.00 X 0 0 0 DAVID A MINK TRUSTEE (THRU 7/18) 1.00 X 0 0 0 SHARON P MINNICH TRUSTEE (THRU 1/19) 1.00 X 0 0 0 WILLIAM M MURRAY TRUSTEE 1.00 X 0 0 0 CHARLES J PHILLIPS ESQ TRUSTEE 1.00 X 0 0 0 JEANETTE C ROBERTS PHD TRUSTEE 1.00 X 0 0 0 RONALD SCHEESE TRUSTEE 1.00 X 0 0 0 JORGE J SCHEIRER MD TRUSTEE 1.00 X 0 0 0 JOHN SCHULTZ ESQ TRUSTEE 1.00 X 0 0 0 SHERRY K SIDHU TRUSTEE (THRU 7/18) 1.00 X 0 0 0 CHARNITA ZEIGLER-JOHNSON PHD TRUSTEE 1.00 X 0 0 0 CHRISTY AGNESE INTERIM VP, ADVANCEMENT 40.00 X 125757 0 18872 KAREN CAMPBELL PROVOST/VP ACAD. AFF (AS OF 3/18) 40.00 X 123489 0 17305 PAUL CRAMER VP - ENROLLMENT & ADM (THRU 6/18) 40.00 X 164954 0 20525 RICHARD FERRY CO-DIR., ATHLETICS (AS OF 11/18) 40.00 X 74591 0 26021 GREGORY FULMER VP-ADMIN & FINANCE 35.00 5.00 X 164664 0 37066 CHRISTOPHER HANLON INTERIM VP, ADMISSIONS (AS OF 7/18) 40.00 X 85145 0 22682 JANICE LUCK CO-DIR., ATHLETICS (AS OF 11/18) 40.00 X 75252 0 15081 MARY MCGEE PROVOST/VP ACAD. AFF (THRU 8/18) 40.00 X 137551 0 18540 RASHMI RADHAKRISHNAN VP - DIG. STRAT. & INFRASTRUCTURE 40.00 X 133559 0 11167 JENNIFER STOUDT ACTING VP FOR COMM. 40.00 X 87667 0 15914 SAMANTHA WESNER VP-STUD. & CAMP. LIFE 40.00 X 109547 0 17955 DANIEL J FALABELLA PROF. OF COMPUTER SCIENCE 40.00 X 125631 0 16564 BRENDA INGRAM-WALLACE ASSOC. PROF. OF PSYCH. 40.00 X 112137 0 17952 RICK MELCHER ASSOC. VP. CONTROLLER'S OFF. 40.00 X 108661 0 17825 JOSEPH THOMAS ASSOC. PROVOST/DEAN FOR ACAD. AFF. 40.00 X 110430 0 17726 RODNEY WARFIELD PROF. OF EDUCATION 40.00 X 126618 0 16947 2191951 0 377514 15 0 1 0 ARAMARK CORPORATION 131 S DEARBORN 6TH FL CHICAGO IL 60603 FOOD SVC PROVIDER 4432111 MICHAEL L LEPERA 504 ELM AVENUE READING PA 196052313 CONSTRUCTION SVCS 627274 EAB GLOBAL INC PO BOX 603519 CHARLOTTE NC 282603519 RECRUITING SERVICE 438249 INTEGRAONE 7248 TILGHMAN STREET ALLENTOWN PA 18106 IT SERVICES 395110 PERROTTO BUILDERS LTD 100 HILL STREET CONESTOGA PA 17516 CONSTRUCTION SVCS 244951 20 93550 1914948 6729502 46578 8738000 TUITION AND FEES 611710 73882071 73882071 AUX ENT - ROOM AND BOARD 721310 12293892 12293892 AUX ENT - OTHER PROGRAM INCOME 900099 467341 467341 86643304 2590757 28026 2562731 17305 17305 502022 502022 431181 91675 339506 339506 62516 276990 24125602 17552375 6573227 6573227 6573227 54879 93550 20770 34109 34109 CONFERENCES 812900 378959 378959 ATHLETICS AND AQUATICS PROG 900099 264152 7615 256537 FOOD SERVICE 900099 153269 153269 987263 47235 127189 812839 1783643 107221873 86698154 853227 10932492 48430821 48430821 1745238 694070 967007 84161 18722519 13218605 4721690 782224 925587 655421 232076 38090 3471143 2405155 921116 144872 1478028 1008946 406705 62377 111455 111455 94359 94359 124125 124125 1375908 521170 701400 153338 346629 271468 75161 641056 337309 244761 58986 501810 300710 201050 50 3460 3460 3410631 3333728 63481 13422 643795 535453 76999 31343 52210 28965 23245 1079340 1003894 62278 13168 6300539 5860131 363541 76867 734131 689737 36646 7748 FOOD SERVICES 3307139 3307139 EMPL./STUDENT EXPENSES 1553641 756822 769872 26947 RECRUITMENT 642982 642982 BOOKS, PERIODICALS, ETC 336458 335999 459 3061226 2123753 811910 125563 99094230 86465738 11009336 1619156 72260 117909 7143406 10522185 2964369 2589079 779149 416415 8259661 7048863 147166 240583 1929527 1446264 177820288 95973641 82753405 81846647 48205793 48689001 10891607 10673014 16062758 14915574 179209101 178505534 6563476 5979057 2614377 2652942 1916556 1517704 38493934 39931025 4366290 3353160 53954633 53433888 X 52394862 51242474 33093678 31340443 39765928 42488729 125254468 125071646 179209101 178505534 X 8127643 -8150004 -160461 X 0 1 X 1 1 1 X 8232006 7297997 5853568 3383443 8738000 33505014 8232006 7297997 5853568 3383443 8738000 33505014 4409710 29095304 1884062 1941118 1985494 2312419 3395005 11518098 368357 427584 479836 557329 966108 2799214 47822326 433436045 0.60840 0.64370 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 5000 X X X X 0 57545229 4141433 685727 1743264 1764040 58865085 56513049 355679 3643251 1442151 1524599 57545229 51950077 923444 6127416 1204612 1178214 105062 56513049 55034823 731297 -1180385 1339241 1169624 126793 51950077 53742553 911615 2538645 1008750 1015818 133422 55034823 0.20600 0.52400 0.27000 1 0 4814508 4814508 122381329 57510822 64870507 265671 202981 62690 40628736 29930252 10698484 9730044 8329586 1400458 81846647 OFFSHORE HEDGE FUND 964506 F DOMESTIC HEDGE FUNDS 9671446 F CENTRAL AMERICA INVESTMENT 37062 F 10673014 ASSETS HELD IN TRUST BY OTHERS 11570492 OTHER RECEIVABLES 345498 OTHER ASSETS 50749 DUE FROM ALBRIGHT COLLEGE COSTA RICA 160751 DEPOSITS HELD BY BOND TRUSTEES 2788084 14915574 EARLY RETIREMENT 254634 POST RETIREMENT HEALTHCARE BENEFITS 46560 CHARITABLE GIFT ANNUITY CONTRACT LIAB 1078311 STUDENT DEPOSITS AND ADVANCE PAYMENTS 1673126 DEPOSITS HELD FOR OTHERS 300529 3353160 X 50229831 -8150004 147121 -48851604 -56854487 107084318 137555 137555 107221873 50449715 147121 152935 300056 50149659 48944571 48944571 99094230 PART III, LINE 1A: THE COLLEGE DOES NOT ASSIGN VALUES TO COLLECTION ITEMS. COLLECTION ITEMS ARE GENERALLY HELD FOR EDUCATIONAL PURPOSES AND ARE NOT DISPOSED OF FOR FINANCIAL GAIN OR OTHERWISE ENCUMBERED IN ANY MANNER. PART III, LINE 4: ALBRIGHT COLLEGE MAINTAINS A DIVERSE COLLECTION OF TWO AND THREE DIMENSIONAL WORKS OF ART ACROSS THE CAMPUS. THE MAJORITY OF THE WORKS OF ART ARE ORIGINAL PRINTS AND PHOTOGRAPHS FROM THE 1960S UP TO THE 1990S, WITH AN EMPHASIS ON WORKS BY AMERICAN ARTISTS. ALL WORKS OF ART ARE AVAILABLE FOR STUDY AND RESEARCH BY STUDENTS, FACULTY, STAFF, AND THE GENERAL PUBLIC. EXHIBITIONS AND EDUCATIONAL PROGRAMS ARE DEVELOPED AROUND VARIOUS ASPECTS OF THE WORKS OF ART FOR THE CAMPUS AND THE GENERAL PUBLIC. SOME EDUCATIONAL PROGRAMS ARE DEVELOPED SPECIFICALLY FOR K-12 SCHOOL GROUPS AND ADULTS FROM THE REGION IN THE FREEDMAN GALLERY, WHILE OTHER PROGRAMS AND WORKS OF ART ARE TAKEN DIRECTLY TO OFFSITE EDUCATIONAL INSTITUTIONS. WORKS OF ART ARE FREQUENTLY TAKEN INTO CLASSES FOR LECTURES AND TRAINING PURPOSES. MANY OF THE WORKS OF ART ARE AVAILABLE FOR USE BY OTHER EDUCATIONAL INSTITUTIONS. ALL WORKS OF ART ARE HANDLED BY SPECIFICALLY TRAINED STAFF AND STUDENTS. PART V, LINE 4: THE ENDOWMENT FUNDS ARE INTENDED TO BE USED TO SUPPORT STUDENT FINANCIAL AID, INSTRUCTION AND OTHER COLLEGE OPERATIONS. PART X, LINE 2: THE COLLEGE FOLLOWS THE FASB GUIDANCE RELATED TO ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. THE GUIDANCE CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES RECOGNIZED IN AN ENTITY'S FINANCIAL STATEMENTS AND 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. THE GUIDANCE ALSO PROVIDES GUIDANCE ON DERECOGNITION, CLASSIFICATION, INTEREST AND PENALTIES, ACCOUNTING IN INTERIM PERIODS, AND DISCLOSURE. MANAGEMENT HAS DETERMINED THAT THERE ARE NO SIGNIFICANT UNCERTAIN TAX POSITIONS MEETING THE RECOGNITION CRITERIA IN 2019 AND 2018. THE COLLEGE'S POLICY IS TO RECOGNIZE INTEREST RELATED TO UNRECOGNIZED TAX BENEFITS IN INTEREST EXPENSE AND PENALTIES IN OPERATING EXPENSES. PART XI, LINE 2D - OTHER ADJUSTMENTS: STUDENT AID -48,430,821. TUITION DISCOUNT -139,625. INVESTMENT EXPENSES -124,125. CHANGE IN VALUE OF ANNUITY CONTRACT AGREEMENTS -160,461. INCOME ATTRIBUTABLE TO THE COSTA RICA CORPORATION 3,428. PART XI, LINE 4B - OTHER ADJUSTMENTS: RENTAL EXPENSES -91,675. FUNDRAISING EVENT EXPENSES -20,770. PROGRAM EXPENSES NETTED AGAINST REVENUE 250,000. PART XII, LINE 2D - OTHER ADJUSTMENTS: EXPENSES ATTRIBUTABLE TO THE COSTA RICA CORPORATION 40,490. RENTAL EXPENSES 91,675. FUNDRAISING EVENT EXPENSE 20,770. PART XII, LINE 4B - OTHER ADJUSTMENTS: STUDENT AID 48,430,821. TUITION DISCOUNT 139,625. PROGRAM EXPENSES NETTED AGAINST REVENUE 250,000. INVESTMENT EXPENSES 124,125. 0 1 0 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 ALBRIGHT COLLEGE HAS SATISFIED THE PUBLICITY REQUIREMENT OF IRS REVENUE PROCEDURE 75-50, 1975-2 C.B. 587 SECTION 4.03 BY COMPLYING WITH SECTION 4.02. THE COLLEGE DRAWS A SUBSTANTIAL PERCENTAGE OF ITS STUDENTS NATIONWIDE AND FROM A LARGE GEOGRAPHIC AREA AND ENROLLS MINORITY STUDENTS IN MEANINGFUL NUMBERS, AND, THEREFORE, MEETS THE CONDITION IN SECTION 4.03 - 2(B). THE COLLEGE'S NONDISCRIMINATORY POLICY IS CONTAINED IN ITS SOLICITATION LITERATURE. SCHEDULE E, PART I, LINE 6 ALBRIGHT COLLEGE PARTICIPATES IN STUDENT FINANCIAL AID ASSISTANCE PROGRAMS OF VARIOUS FEDERAL AND STATE GOVERNMENTAL AGENCIES. FEDERAL PROGRAMS INCLUDE THE PELL GRANT PROGRAM, SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANT (SEOG) PROGRAM, FEDERAL WORK STUDY (FWS) PROGRAM, AND THE PERKINS LOAN PROGRAM. STATE PROGRAMS FOR STUDENTS INCLUDE THE PENNSYLVANIA HIGHER EDUCATION ASSISTANCE AGENCY'S (PHEAA) GRANT PROGRAM AND THE PHEAA'S MATCHING FUNDS PROGRAMS WHICH SUPPLEMENT THE FWS PROGRAM. IN ADDITION, THE COLLEGE IS AWARDED SPONSORED RESEARCH AND OTHER PROJECT GRANTS BY VARIOUS LOCAL, STATE, AND FEDERAL AGENCIES, INCLUDING THE NATIONAL SCIENCE FOUNDATION (NSF) AND NATIONAL INSTITUTES OF HEALTH (NIH). IN OCTOBER 2018, THE COLLEGE WAS AWARDED A TITLE III GRANT BY THE U.S. DEPARTMENT OF EDUCATION. GENERAL SUPPORT IS PROVIDED TO ALBRIGHT COLLEGE BY THE COMMONWEALTH OF PENNSYLVANIA UNDER ITS INSTITUTIONAL ASSISTANCE GRANT (IAG) PROGRAM TO PRIVATE COLLEGES AND UNIVERSITIES IN THE STATE. CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, 0 0 INVESTMENTS 40490 EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM 0 0 INVESTMENTS 964506 0 0 0 0 0 0 1004996 0 1004996 0 0 1 1 1 0 SCHEDULE F, PART IV, LINE 5 THE ORGANIZATION HAS INVESTMENTS IN FOREIGN PARTNERSHIPS BUT ITS PERCENTAGE OF OWNERSHIP DOES NOT EXCEED THE THRESHOLD FOR THE FILING OF FORM 8865. THE ORGANIZATION HAS INDIRECT INVESTMENTS IN PFICS BUT DOES NOT HAVE A REQUIREMENT TO FILE FORM 8621. RED & WHITE GOLF 148429 93550 54879 6905 13865 148429 93550 54879 6905 13865 20770 34109 1 TRUSTEE GRANTS 1402 20035356 N/A PRESIDENTIAL/PROVOST SCHOLARSHIP 862 19315896 N/A JACOB ALBRIGHT SCHOLARSHIP 52 1468500 N/A EUGENE SHIRK SCHOLARSHIP 46 1203000 N/A ENDOWED SCHOLARSHIPS 208 2175357 N/A SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANTS 111 380946 N/A OTHER SCHOLARSHIPS, GRANTS AND AWARDS 167 705416 N/A FOREIGN STUDENT SCHOLARSHIPS 19 404150 N/A TALENT AWARDS 40 153500 N/A ACADEMIC TALENT GRANT 35 101250 N/A LION ACHIEVEMENT AWARD 280 1280750 N/A COMMUNITY COLLEGE ACHIEVEMENT SCHOLARSHIP 124 130700 N/A ALUMNI SCHOLARSHIP 100 1076000 N/A PART I, LINE 2: THE COLLEGE MAKES GRANTS TO STUDENTS BASED UPON FINANCIAL NEED AND ACADEMIC EXCELLENCE. THE SELECTION OF GRANT RECIPIENTS IS MADE BASED UPON OBJECTIVE CRITERIA. NO ONE IS DISCRIMINATED AGAINST BASED UPON RACE, RELIGION, GENDER, ETHNIC BACKGROUND, AGE, HANDICAP OR ANY OTHER REASON. THE FINANCIAL AID DEPARTMENT ASSESSES AND MONITORS THE ELIGIBILITY AND AWARDING OF GRANTS AND SCHOLARSHIPS TO STUDENTS. IT IS ASSISTED IN ITS ON-GOING REVIEW BY THE RESOURCES OF THE REGISTRAR AND STUDENT ACCOUNTS DEPARTMENTS. X X 1 1 X X X 1 0 0 0 0 0 0 0 0 JACQUELYN S FETROW PHD PRESIDENT 324234 0 0 0 2064 0 27615 0 41757 0 395670 0 0 0 PAUL CRAMER VP - ENROLLMENT & ADM (THRU 6/18) 86264 0 0 0 78690 0 7827 0 12698 0 185479 0 0 0 GREGORY FULMER VP-ADMIN & FINANCE 164152 0 0 0 512 0 14384 0 22682 0 201730 0 0 0 MARY MCGEE PROVOST/VP ACAD. AFF (THRU 8/18) 135142 0 0 0 2409 0 12098 0 6442 0 156091 0 0 0 PART I, LINE 1A HOUSING ALLOWANCE OR RESIDENCE FOR PERSONAL USE: A COLLEGE-OWNED HOUSE IS PROVIDED AS A RESIDENCE FOR THE PRESIDENT AND FAMILY. THE COLLEGE-OWNED HOUSING IS NOT TREATED AS A TAXABLE BENEFIT TO THE PRESIDENT SINCE IT MEETS THE DEFINITION OF 'QUALIFIED CAMPUS LODGING' UNDER INTERNAL REVENUE CODE SECTION 119(D). TRAVEL FOR COMPANIONS: TRAVEL WAS PROVIDED FOR THE PRESIDENT'S SPOUSE WHEN SUCH TRAVEL WAS NECESSARY FOR THE FURTHERANCE OF THE WORK OF THE COLLEGE. THE TRAVEL IS CONSIDERED NECESSARY FOR THE PRESIDENT'S POSITION AND IS THEREFORE NOT TREATED AS TAXABLE COMPENSATION. PART I, LINE 4A PAUL CRAMER, VICE PRESIDENT FOR ENROLLMENT MANAGEMENT AND DEAN OF ADMISSION THRU JUNE 2018, RECEIVED A SEVERANCE PAYMENT DURING THE CALENDAR YEAR IN THE AMOUNT OF $78,275 UPON HIS DEPARTURE FROM THE ORGANIZATION. A THE BERKS COUNTY MUNICIPAL AUTHORITY 236647630 2017-07-03 10000000 ACQUIRE PROPERTY & REFUND ISSUE - 9/2/14 0 0 0 B THE BERKS COUNTY MUNICIPAL AUTHORITY 236647630 2017-08-01 10000000 REFUND PRIOR ISSUE - 12/30/2013 0 0 0 C THE BERKS COUNTY MUNICIPAL AUTHORITY 236647630 2017-08-01 10000000 REFUND PRIOR ISSUE - 12/30/2013 0 0 0 D THE BERKS COUNTY MUNICIPAL AUTHORITY 236647630 2017-08-01 5500000 REFUND PRIOR ISSUE - 12/30/2013 0 0 0 A 348302 10000000 176524 2484452 7339024 2017 1 0 1 1 B 348302 10000000 10000000 2010 1 0 1 1 C 348302 10000000 10000000 2010 1 0 1 1 D 178662 5500000 5500000 2010 1 0 1 1 A 0 0 1 1 0 0.00800 0.00000 0.00800 0 0 1 B 0 0 1 1 0 0.00600 0.00000 0.00600 0 0 1 C 0 0 1 1 0 0.00600 0.00000 0.00600 0 0 1 D 0 0 1 1 0 0.00600 0.00000 0.00600 0 0 1 A 0 0 1 1 1 0 0 0 1 B 0 0 1 1 1 0 0 0 1 C 0 0 1 1 1 0 0 0 1 D 0 0 1 1 1 0 0 0 1 A 1 B 1 C 1 D 1 DATE REBATE COMPUTATION PERFORMED ISSUER NAME: THE BERKS COUNTY MUNICIPAL AUTHORITY DATE THE REBATE COMPUTATION WAS PERFORMED: 01/03/2018 ISSUER NAME: THE BERKS COUNTY MUNICIPAL AUTHORITY DATE THE REBATE COMPUTATION WAS PERFORMED: 02/01/2018 ISSUER NAME: THE BERKS COUNTY MUNICIPAL AUTHORITY DATE THE REBATE COMPUTATION WAS PERFORMED: 02/01/2018 ISSUER NAME: THE BERKS COUNTY MUNICIPAL AUTHORITY DATE THE REBATE COMPUTATION WAS PERFORMED: 02/01/2018 SCHEDULE K, PART IV, LINES 2A-2C: NOTE REGARDING THE REBATE COMPUTATIONS ON 1/3/2018 AND 2/1/2018: SINCE THE BOND PROCEEDS HAVE BEEN SPENT, A SPENDING EXCEPTION HAS BEEN MET, AND THE DEBT SERVICE FUND WAS OPERATED ON A BONA FIDE BASIS, NO FURTHER REBATE CALCULATIONS ARE NECESSARY. SCHEDULE K, PART II, LINE 3: THE TOTAL PROCEEDS DO NOT AGREE TO THE ISSUE PRICE IN PART I, COLUMN(E) DUE TO INVESTMENT EARNINGS. A WERNERSVILLE MUNICIPAL AUTHORITY 231627474 2017-12-20 3430000 ACQUIRE PROPERTY & REFUND ISSUE 0 0 0 A 73127 3456525 53722 614716 2788088 0 0 0 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 A 0 1 0 0 1 0 0 0 1 A 1 PER IRS INSTRUCTIONS NAMES ARE NOT PER IRS INSTRUCTIONS, INTERESTED PERSONS ARE NOT INDIVIDUALLY NAMED. 1975 TUITION EXCHANGE EMPLOYEE BENEFIT JOHN WEIDENHAMMER FORMER BOARD TRUSTEE AND OWNER OF WEIDENHAMMER SYSTEMS 119482 MR. WEIDENHAMMER IS OWNER OF WEIDENHAMMER SYSTEMS. THE ENTITY PROVIDES INFORMATION TECHNOLOGY SERVICES TO THE COLLEGE. ALL TRANSACTIONS ARE AT ARM'S LENGTH. 0 SEE SUPPLEMENTAL FOR LISTING OF INTERESTED PERSONS OWNERSHIP OF FOA LLC INCLUDES PRESENT/FORMER BOARD OF TRUSTEE MEMBERS 167210 FRIENDS OF ALBRIGHT (FOA) LLC, HOLDS OWNERSHIP OF AN ON-CAMPUS BUILDING, WHICH THE COLLEGE RENTS. ALL TRANSACTIONS ARE AT ARM'S LENGTH. 0 FORM 990, SCHEDULE L, PART IV: FORMER TRUSTEES: JOHN BAILEY JOHN D. SCHOLL JOHN P. WEIDENHAMMER CHRIST G. KRARAS JOHN K. ROESSNER III X 1 5000 APPRAISAL X 5 32077 NYSE X AREA RUGS 1 9500 RETAIL SALE PRICE X AUCTION ITEMS 8 0 VALUES NOT PROVIDED 1 0 1 0 PART I, COLUMN (B): THE NUMBER OF CONTRIBUTORS IS REPORTED FOR ALL GIFTS. FORM 990, PART VI, SECTION A, LINE 3 THE COLLEGE ENGAGES ARAMARK CORPORATION TO PROVIDE FOOD SERVICES FOR THE COLLEGE COMMUNITY. ARAMARK IS ALSO ENGAGED TO PROVIDE FACILITY MANAGEMENT ON THE COLLEGE CAMPUS. BARNES AND NOBLE COLLEGE BOOKSTORE, LLC OPERATES AND PROVIDES SERVICES FOR THE COLLEGE'S BOOKSTORE. BRIGHT HORIZONS FAMILY SOLUTIONS OPERATES THE ALBRIGHT EARLY LEARNING CENTER. FORM 990, PART VI, SECTION B, LINE 11B THE INITIAL REVIEW IS PERFORMED BY THE COLLEGE'S FINANCE DEPARTMENT. ONCE MANAGEMENT IS SATISFIED, THE FORM 990 IS DISTRIBUTED TO THE AUDIT COMMITTEE OF THE BOARD OF TRUSTEES FOR REVIEW. FOLLOWING THAT REVIEW, A COMPLETE COPY OF THE RETURN IS POSTED ON THE BOARD OF TRUSTEES' INTRANET SITE FOR THE FULL BOARD'S ACCESS PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C ARTICLE XI, CONFLICT OF INTEREST OF THE BOARD OF TRUSTEES' BYLAWS REQUIRES ALL OF THE COLLEGE'S TRUSTEES AND OFFICERS TO SIGN A "CONFLICT OF INTEREST DISCLOSURE STATEMENT" ANNUALLY ACKNOWLEDGING HIS OR HER AFFIRMATIVE DUTY TO DISCLOSE CONFLICTS OF INTEREST, AND/OR POTENTIAL CONFLICTS OF INTEREST. THE BOARD OF TRUSTEES' TRUSTEESHIP AND GOVERNANCE COMMITTEE ROUTINELY REVIEWS AND DISCUSSES POTENTIAL CONFLICTS OF INTEREST AND THE ANNUAL STATEMENTS. THE COLLEGE WILL NOT TRANSACT BUSINESS WITH ANY ENTITY IN WHICH A TRUSTEE AND/OR OFFICER HAS AN INTEREST UNLESS SUCH INTEREST IS APPROPRIATELY DISCLOSED; THE INTERESTED TRUSTEE/OFFICER ABSTAINS FROM DELIBERATION OR VOTING ON THE MATTER; AND THE ACTION OR TRANSACTION IS DOCUMENTED CLEARLY IN THE BEST INTEREST OF THE COLLEGE. THE POLICY EXPLICITLY ADDRESSES THE RESPONSIBILITY TO DISCLOSE CONFLICTS OF INTEREST ASSOCIATED WITH FAMILY MEMBERS AND BUSINESSES. FORM 990, PART VI, SECTION B, LINE 15 THE PRESIDENT IS THE COLLEGE'S CHIEF EXECUTIVE OFFICER. ARTICLE V OF THE BOARD OF TRUSTEES' BYLAWS REQUIRES THAT THE PRESIDENT, IN CONJUNCTION WITH THE COMPENSATION COMMITTEE, DEVELOP ANNUAL PERFORMANCE OBJECTIVES FOR APPROVAL BY THE FULL BOARD. IT FURTHER REQUIRES THAT THE COMPENSATION COMMITTEE DETERMINE THE PRESIDENT'S COMPENSATION BASED ON THE ANNUAL PERFORMANCE ASSESSMENT AND REPORT SUCH FOR APPROVAL BY THE BOARD OF TRUSTEES. THE COMPENSATION OF OTHER OFFICERS (VICE-PRESIDENTS) AND ANNUAL PERFORMANCE ASSESSMENTS ARE THE RESPONSIBILITY OF THE PRESIDENT. ON AN ANNUAL BASIS, THE COLLEGE USES THE SERVICES OF A CONSULTANT WITH EXPERTISE IN NOT-FOR-PROFIT EXECUTIVE COMPENSATION TO REVIEW EXECUTIVE COMPENSATION LEVELS THROUGH PARTICIPATION IN THEIR EXECUTIVE COMPENSATION SURVEY FOR COLLEGES AND UNIVERSITIES. THESE SURVEYS GIVE COMPARATIVE DATA, INCLUDING SALARIES FOR EXECUTIVE LEVEL OFFICIALS (PRESIDENT AND VICE-PRESIDENTS), TO ENSURE THAT COMPENSATION DOES NOT EXCEED FAIR MARKET VALUE. THE PRESIDENT, IN CONCERT WITH THE DIRECTOR OF HUMAN RESOURCES, IS RESPONSIBLE FOR REVIEWING AND ESTABLISHING ONGOING SALARY LEVELS FOR THE RESPECTIVE VICE-PRESIDENTS. MINUTES ARE KEPT OF ALL BOARD OF TRUSTEE MEETINGS AND COMMITTEE MEETINGS, INCLUDING THE COMPENSATION COMMITTEE. WITH REGARD TO VICE-PRESIDENTS, PERFORMANCE ASSESSMENTS AND EVALUATIONS ARE DOCUMENTED IN THEIR RESPECTIVE PERSONNEL FILES. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF ANNUITY CONTRACT AGREEMENTS -160,461. NORTH THIRTEENTH STREET INC 13TH BERN STREETS PO BOX 14988 READING PA 196124988 232362385 REAL ESTATE RENTAL PA ALBRIGHT COLLEGE C 1.00000 1 ALBRIGHT COLLEGE COSTA RICA SA EL PATIO BUILDING 3RD FLOOR SAN JOSE CS LAND INVESTMENT CS ALBRIGHT COLLEGE C 37062 219509 1.00000 1 0 0 0 1 0 0 0 0 0 1 1 0 0 0 1 1 1 1 0 ALBRIGHT COLLEGE COSTA RICA SA D 160751 COST