2019-05-13T13:47:45-05:00 2018-06-30 231144520 TAIT WELLER & BAKER LLP TWO LIBERTY PL 50 S 16TH ST STE 2900 PHILADELPHIA PA 191022529 990 2017-07-01 231484178 LANCASTER BIBLE COLLEGE LANC 7175697071 901 EDEN ROAD LANCASTER PA 17601 MATTHEW MASON VP FINANCE 7175697071 2019-05-13 1 STACY CULLEN P00974308 2159798800 2019-05-13 50.239.110.162 2019-05-13 14:47:36 ED P 9F90DD8A088C3333434B10B0201CF9BEF458A364 830645D681CAA3AF1C918C4FBF0A55AE78625433 2017 2019-02-21 02:37:17Z MATTHEW MASON 901 EDEN ROAD LANCASTER PA 17601 49169532 0 X WWW.LBC.EDU X 1933 PA LANCASTER BIBLE COLLEGE AND GRADUATE SCHOOL EXISTS TO EDUCATE CHRISTIAN STUDENTS TO THINK AND LIVE A BIBLICAL WORLDVIEW AND TO PROCLAIM CHRIST BY SERVING HIM IN THE CHURCH AND SOCIETY. 25 22 1022 22 0 0 4823300 4629589 29410608 32256197 617916 1470637 905176 902465 35757000 39258888 6682927 8142448 0 0 16741888 17146154 36000 0 817192 12346538 12462283 35807353 37750885 -50353 1508003 82518462 83296957 32658047 32262670 49860415 51034287 AT LANCASTER BIBLE COLLEGE, OUR FOCUS IS ON THE JOURNEY TO FULFILL GOD'S PURPOSE IN STUDENTS' LIVES. OUR MISSION HAS REMAINED CONSTANT FOR OVER 80 YEARS: (CONTINUED ON SCHEDULE O). 0 0 34628199 8142448 32256167 LANCASTER BIBLE COLLEGE EDUCATES APPROXIMATELY 2100 CHRISTIAN POSTSECONDARY STUDENTS TO THINK AND LIVE A BIBLICAL WORLD VIEW AND TO PROCLAIM CHRIST BY SERVING HIM IN THE CHURCH AND SOCIETY. 34628199 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 1 0 0 0 0 0 1 0 0 1 1 1 1 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 1 0 0 0 1 2716 0 1 1022 1 0 0 0 0 0 1 1 0 0 0 0 X 25 22 0 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 0 1 1 0 PA X ETHAN MCNAUGHTON 7175697071 LANCASTER BIBLE COLLEGE LANCASTER PA 17601 DR PETER W TEAGUE PRESIDENT 50.00 X X 180000 0 57514 MR PHILIP A CLEMENS BOARD CHAIRMAN 1.00 X X 0 0 0 MR CHARLES H KREIDER BOARD VICE-CHAIRMAN 1.00 X X 0 0 0 MR JAMES J FETTEROLF SECRETARY 1.00 X X 0 0 0 MR LARRY W ROHRER TREASURER 1.00 X X 0 0 0 DR KENNETH L BARNEY TRUSTEE 0.50 X 0 0 0 MR QUINTIN F FREY TRUSTEE 0.50 X 0 0 0 MR DONALD R GEITER TRUSTEE 0.50 X 0 0 0 DR L RONALD HOOVER TRUSTEE 0.50 X 0 0 0 MR ROBERT L HORST TRUSTEE 0.50 X 0 0 0 MR DAVID E HOSLER TRUSTEE 0.50 X 0 0 0 MS TRACY C JONES TRUSTEE 0.50 X 0 0 0 MR ROBERT KEPIRO TRUSTEE 0.50 X 0 0 0 MR STUART J LEVEY TRUSTEE 0.50 X 0 0 0 MRS SALLY L MARTIN TRUSTEE 0.50 X 0 0 0 MR HAROLD R MAST TRUSTEE 0.50 X 0 0 0 MR THOMAS W PONESSA TRUSTEE 0.50 X 0 0 0 MRS RUTH A SHERTZER TRUSTEE 0.50 X 0 0 0 REV LEE WIGGINS TRUSTEE 0.50 X 0 0 0 MR STEVEN WOLGEMUTH TRUSTEE 0.50 X 0 0 0 MRS TERRY CARTER TRUSTEE 0.50 X 0 0 0 MR ROBERT KAUFFMAN TRUSTEE 0.50 X 0 0 0 REV DOUGLAS LOGAN TRUSTEE 0.50 X 0 0 0 MR MICHAEL VAN VELLE TRUSTEE 0.50 X 0 0 0 MR STEVE WILSON TRUSTEE 0.50 X 0 0 0 MR MATTHEW C MASON VP FINANCE 45.00 X 88462 0 22633 JOSHUA BEERS SENIOR VP OF STUDENT EXPERIENCE 45.00 X 105425 0 20442 DR PHILIP DEARBORN PROVOST 45.00 X 110278 0 20416 DR GORDON GREGORY PROFESSOR 40.00 X 105484 0 21603 DR RYAN KUEHNER PROFESSOR 40.00 X 119723 0 23796 JOHN ZESWITZ EXECUTIVE VICE PRESIDENT 45.00 X 123654 0 6183 833026 0 172587 6 0 1 0 ALADDIN FOOD MANAGEMENT SERVICES LLC 21 ARMORY DR WHEELING WV 26003 CAMPUS DINING SERVICES 1301341 YDOP LLC 127 E ORANGE STREET LANCASTER PA 17602 MARKETING SERVICES 138329 DERCK & EDSON ASSOCIATES LLP 33 S BROAD STREET LITITZ PA 17543 CONSTRUCTION PLANNING 120586 3 42853 300460 4286276 24848 4629589 TUITION & FEES 900099 28228868 28228868 AUXILIARY ENTERPRISES 900099 3946335 3946335 STUDENT TRIP INCOME 900099 80994 80994 32256197 564806 564806 236913 0 236913 236913 236913 10745073 9839242 905831 905831 905831 38625 42853 71402 -32777 -32777 MISCELLANEOUS 900099 458576 458576 TICKET SALES 900099 216903 216903 BAD DEBT INCOME 900099 22850 22850 698329 39258888 33191439 0 1437860 298754 298754 7843694 7843694 349270 321841 16551 10878 13357792 12308760 633014 416018 416943 386830 19759 10354 2076694 1921063 98413 57218 945455 908202 3742 33511 6358 6358 45265 45265 168603 1452 159636 7515 487985 282710 180786 24489 296907 285234 11673 1600927 1184415 385939 30573 579931 359844 160818 59269 1280249 928625 351624 1453004 1102371 208939 141694 96997 55694 41008 295 871263 871263 1943188 1943188 154323 153276 1047 CAFETERIA FOOD 1286838 1286838 OUTSOURCED STUDENT CRED 656714 656714 MISCELLANEOUS EXPENSES 601295 599310 1985 ACADEMIC AFFAIRS 261874 259164 2710 670562 668957 1605 37750885 34628199 2305494 817192 292729 209122 1340886 1923355 663240 676317 616980 1027770 25384 15440 286611 323522 814226 1104723 82536820 23981982 59149103 58554838 19329303 19077544 0 384326 82518462 83296957 677379 511567 821294 982258 27479465 27318666 3679909 3450179 32658047 32262670 X 41588756 41932965 782024 1014789 7489635 8086533 49860415 51034287 82518462 83296957 X 1508003 -320210 -13921 X X 0 1 X 1 1 1 X 13384848 671191 766194 526692 14295541 12888371 92303 913021 508847 13384848 13324114 70492 -28242 477993 12888371 11429779 2188771 171257 465693 13324114 10606962 40288 1233141 450612 11429779 0.43430 0.56570 0 0 4793188 4793188 62420711 12583608 49837103 15131170 11398374 3732796 191751 191751 58554838 UNITRUST AND ANNUITY OBLIGATIONS 3076304 FUNDS HELD FOR OTHERS 57667 US GOVERNMENT ADVANCES 144780 OTHER LONG TERM LIABILITIES 171428 3450179 X 31090027 -320210 71402 -248808 31338835 76359 7843694 7920053 39258888 29902234 71402 71402 29830832 76359 7843694 7920053 37750885 PART X, LINE 2: MANAGEMENT HAS REVIEWED THE TAX POSITIONS FOR EACH OF THE OPEN TAX YEARS (2015-2017) OR EXPECTED TO BE TAKEN IN THE COLLEGE'S 2018 TAX RETURN AND HAS CONCLUDED THAT THERE ARE NO SIGNIFICANT UNCERTAIN TAX POSITIONS THAT WOULD REQUIRE RECOGNITION IN THE FINANCIAL STATEMENTS. PART XI, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING SPECIAL EVENT EXPENSE 71,402. PART XI, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS RECLASSIFIED AS EXPENSES 7,843,694. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING SPECIAL EVENT EXPENSE 71,402. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS RECLASSIFIED AS EXPENSES 7,843,694. 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 SCHOOL MAKES KNOWN ITS NONDISCRIMINATION POLICY IN ALL PRINT AND BROADCAST MEDIA. SCHEDULE E, PART I, LINE 6 SCHOLARSHIPS AND GRANTS ARE MADE ON A NONDISCRIMINATORY BASIS OF ACADEMIC ACHIEVEMENT AND FINANCIAL NEED. LANCASTER BIBLE COLLEGE RECEIVES THE PENNSYLVANIA INSTITUTIONAL ASSISTANCE GRANT. GOLF TOURNAMENT CHURCH CHALLENGE 44805 19435 25370 17540 2000 22169 SHADEY'S RUGGED RUN 36673 23417 13256 2710 26983 81478 42852 38626 20250 2000 49152 71402 -32776 1 EDEN BRIDGE FOUNDATION 901 EDEN ROAD PO BOX 83403 LANCASTER PA 176081201 020714460 501(C)(3) 125333 TO ASSIST ITS SUPPORTING ORGANIZATION WITH ITS OPERATIONAL EXPENSES ASSOCIATION FOR BIBLICAL HIGHER EDUCATION 5850 TG LEE BOULEVARD STE 130 ORLANDO FL 32822 351055662 501(C)(3) 5000 ANNUAL COMMITMENT TO HELP THE ACCREDITING ASSOCIATION COMPASSION INTERNATIONAL 12290 VOYAGER PARKWAY COLORADO SPRINGS CO 809213668 362423707 501(C)(3) 153203 SUPPORT FOR NEEDY CHILDREN CHILDREN'S MIRACLE NETWORK 205 WEST 700 SOUTH SALT LAKE CITY UT 84101 870387205 501(C)(3) 6500 DONATION FROM FUNDS RAISED FROM RACE TO CHILDREN'S MIRACLE NETWORK THE FOUNDATION OF THE LANCASTER CHAMBER 100 QUEEN STREET PO BOX 1471 LANCASTER PA 176081471 222608944 501(C)(3) 6500 DONATION TO LOCAL CHAMBER 5 0 STUDENT SCHOLARSHIPS TO LANCASTER BIBLE COLLEGE STUDENTS. 1430 7843694 PART I, LINE 2: ALL FINANCIAL AID THAT IS AWARDED IS CREDITED TO THE TUITION BILLING FOR THE STUDENT. ALL AID IS USED TO REDUCE THE TUITION PAYABLE. X X 0 1 X X 0 0 0 0 0 0 0 0 0 DR PETER W TEAGUE PRESIDENT 180000 0 0 0 0 0 8858 0 48656 0 237514 0 0 0 PART I, LINE 1A GROSS UP FOR COMPANY AUTO BENEFIT FOR DR. PETER TEAGUE. DR. PETER TEAGUE LIVES IN A COLLEGE OWNED RESIDENCE. THE VALUE OF THIS BENEFIT IS APPROXIMATELY $33,000 PER YEAR. THIS IS ADDED TO PART VII, SECTION A. PART I, LINE 1B THERE IS NO POLICY FOR PAYMENTS OR REIMBURSEMENTS OF EXPENSES. THEY MUST BE REASONABLE TO BE CONSIDERED ACCEPTABLE EXPENSES. A GENERAL MUNICIPAL AUTHORITY OF THE TOWNSHIP OF MANHEIM 232583622 2010-12-21 17500000 TO SUPPORT CAPITAL CONSTRUCTION PROJECTS 0 0 0 B GENERAL MUNICIPAL AUTHORITY OF THE TOWNSHIP OF MANHEIM 232583622 2014-11-20 10000000 TO SUPPORT CAPITAL CONSTRUCTION PROJECTS 0 0 0 C GENERAL MUNICIPAL AUTHORITY OF THE TOWNSHIP OF MANHEIM 232583622 2015-03-06 5000000 TO SUPPORT CAPITAL CONSTRUCTION PROJECTS 0 0 0 A 15420760 389098 119003 15301757 0 0 1 1 B 10000000 216143 94494 0 0 0 1 C 5000000 108072 59675 0 0 0 1 A 0 0 0 0 0 0 0 B 0 0 0 0 0 0 0 C 0 0 0 0 0 0 0 A 0 0 0 0 0 0 0 0 0 B 0 0 0 0 0 0 0 0 0 C 0 0 0 0 0 0 0 0 0 A 0 B 0 C 0 DAVID E HOSLER TRUSTEE 257235 TRUSTEE DAVID E. HOSLER IS THE CHIEF OPERATING OFFICER OF MURRAY SECURUS WHICH PROVIDES INSURANCE SERVICES TO LBC. 0 PETER TEAGUE OFFICER 107403 PRESIDENT PETER TEAGUE IS THE FATHER OF ROBERT TEAGUE, WHO IS THE EXECUTIVE DIRECTOR OF EDEN BRIDGE, A RELATED ORGANIZATION. LANCASTER BIBLE COLLEGE PAYS HIS SALARY AND BENEFITS. 0 STEVEN WOLGEMUTH TRUSTEE 124273 TRUSTEE STEVEN WOLGEMUTH IS THE OWNER OF YDOP WHICH PROVIDES MARKETING SERVICES TO LBC. 0 FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION HAS CORPORATION MEMBERS. THERE IS NO MEMBERSHIP FEE. THE CORPORATION IS MADE UP OF ABOUT 100 FRIENDS OF THE COLLEGE. IT IS FROM THE CORPORATION, THAT THE BOARD OF TRUSTEES IS SELECTED. THE CORPORATE BODY ELECTS THE BOARD OF TRUSTEES. FORM 990, PART VI, SECTION A, LINE 7A THE ORGANIZATION HAS CORPORATION MEMBERS. THERE IS NO MEMBERSHIP FEE. THE CORPORATION IS MADE UP OF ABOUT 100 FRIENDS OF THE COLLEGE. IT IS FROM THE CORPORATION, THAT THE BOARD OF TRUSTEES IS SELECTED. THE CORPORATE BODY ELECTS THE BOARD OF TRUSTEES. FORM 990, PART VI, SECTION B, LINE 11B A DRAFT VERSION OF THE FORM 990 IS SENT TO THE MEMBERS OF THE FINANCE COMMITTEE OF THE BOARD OF TRUSTEES. THEY ARE REQUESTED TO READ OVER THE RETURN AND RESPOND WITH QUESTIONS OR CONCERNS, SO CHANGES, IF NECESSARY CAN BE MADE BEFORE THE RETURN IS SUBMITTED TO THE IRS. ALL TRUSTEES RECEIVE A COPY OF THE FORM 990 BEFORE IT IS FILED. FORM 990, PART VI, SECTION B, LINE 12C ALL TRUSTEES ARE REQUIRED TO COMPLETE A CONFLICT OF INTEREST FORM ON AN ANNUAL BASIS. BY THEIR SIGNED STATEMENT THEY DECLARE THEY HAVE NO CONFLICTS OF INTEREST. THIS IS DONE EACH NOVEMBER. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION FOR THE PRESIDENT IS ESTABLISHED BY THE EXECUTIVE COMMITTEE OF THE BOARD AND EVALUATED PERIODICALLY. COMPARATIVE DATA IS AVAILABLE TO THEM UPON REQUEST. COMPENSATION FOR OFFICERS IS DETERMINED BY THE PRESIDENT IN CONSULTATION WITH THE HR MANAGER. COMPENSATION FOR OTHER EMPLOYEES IS DETERMINED BY THE PRESIDENT AND HIS CABINET, IN CONSULTATION WITH THE HR MANAGER. FORM 990, PART VI, SECTION C, LINE 18 THE 990 IS MADE AVAILABLE TO ANYONE WHO ASKS FOR IT. INFORMATION REGARDING SPECIFIC CONTRIBUTORS IS NOT PUBLICLY DISCLOSED. FORM 990, PART VI, SECTION C, LINE 19 OTHER THAN INFORMATION REQUIRED TO BE DISCLOSED IN THE 990, THESE ARE NOT CONSIDERED DOCUMENTS AVAILABLE TO THE PUBLIC. FORM 990, PART XI, LINE 9: ACTUARIAL LOSS ON GIFT ANNUITY AND OTHER TRUST OBLIGATIONS -53,008. CHANGE IN VALUE OF INTEREST RATE CAP 32,125. AMORTIZATION OF DEFERRED BOND COSTS -10,927. CHANGE IN BENEFICIAL INTEREST IN PERPETUAL TRUSTS 17,889. PART XI, LINE 2C THE PROCESS BY WHICH THE ORGANIZATION APPOINTS A COMMITTEE THAT ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENT AND SELECTION OF AN INDEPENDENT ACCOUNTANT HAS NOT CHANGED FROM THE PRIOR YEAR. EDEN BRIDGE FOUNDATION 901 EDEN ROAD PO BOX 83403 LANCASTER PA 176081201 020714460 SUPPORT THE INTEREST OF LBC AND SIMILAR NON-PROFIT ORGANIZATIONS PA 501(C)(3) LINE 12B, II 0 0 1 0 0 0 0 0 0 0 0 0 1 0 0 1 0 1 0 0