2018-05-15T08:25:55-05:00 2017-06-30 231144520 TAIT WELLER & BAKER LLP 1818 MARKET STREET SUITE 2400 PHILADELPHIA PA 19103 990 2016-07-01 231484178 LANCASTER BIBLE COLLEGE LANC 7175697071 901 EDEN ROAD LANCASTER PA 17601 MATTHEW MASON VP FINANCE 7175697071 2018-05-15 1 STACY CULLEN P00974308 2159798800 2018-05-15 2016 2022-09-23 18:48:47Z MATTHEW MASON 901 EDEN ROAD LANCASTER PA 17601 43304880 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. 26 23 978 24 0 0 7594874 4823300 26841869 29410608 475544 617916 1024991 905176 35937278 35757000 6347108 6682927 0 0 16014524 16741888 34000 36000 830982 11893090 12346538 34288722 35807353 1648556 -50353 83258620 82518462 34087677 32658047 49170943 49860415 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 32642670 6682927 29410608 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. 32642670 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 1 0 0 0 0 1 1 0 0 1 1 1 1 0 0 0 0 0 0 0 1 0 1 1 0 0 0 0 1 0 0 0 1 2761 0 1 978 1 0 0 0 0 0 1 1 0 0 0 0 X 26 23 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 50692 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 MR PAUL J SEBASTIAN 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 50.00 X 86512 0 14846 266512 0 65538 1 0 1 0 ALADDIN FOOD MANAGEMENT SERVICES LLC 21 ARMORY DR WHEELING WV 26003 CAMPUS DINING SERVICES 1292786 PATRIOT BUSINESS PARK 7852 WALKER DR GREENBELT MD 20770 BUILDING LEASING SERVICES 518847 PILGRIM TOURS & TRAVEL INC 3071 W MAIN STREET MORGANTOWN PA 19543 TRAVEL AGENCY SERVICES 255243 STRAY LIGHTS LLC 201 ROCK LITITZ BLVD SUITE 15 LITITZ PA 17543 LIVE PRODUCTION AND EVENT SERVICES 167736 YDOP LLC 127 E ORANGE STREET LANCASTER PA 17602 MARKETING SERVICES 157230 8 10934 312097 4500269 59987 4823300 TUITION & FEES 900099 25374683 25374683 AUXILIARY ENTERPRISES 900099 3865145 3865145 STUDENT TRIP INCOME 900099 170780 170780 29410608 413748 413748 269124 0 269124 269124 269124 7716869 7512701 204168 204168 204168 70152 10934 35179 34973 34973 MISCELLANEOUS 900099 407629 407629 TICKET SALES 900099 159696 159696 BAD DEBT INCOME 900099 33754 33754 601079 35757000 30280811 0 652889 269518 269518 6413409 6413409 333353 307007 15901 10445 12867274 11850342 613757 403175 416237 383341 19854 13042 2219298 2043902 105858 69538 905726 868829 4127 32770 13862 13658 204 39765 39765 36000 36000 164760 16695 142117 5948 471077 198369 237518 35190 233910 225305 8605 1816800 1319351 402747 94702 434886 250308 130798 53780 1288177 927505 360672 1378781 1110455 214836 53490 95480 54800 32093 8587 734177 734177 2189918 2189918 171976 170716 1260 CAFETERIA FOOD 1002426 1002426 OUTSOURCED STUDENT CRED 711207 711207 MISCELLANEOUS EXPENSES 617833 620637 -2804 ACADEMIC AFFAIRS 261283 256200 5083 720220 718253 1967 35807353 32642670 2333701 830982 382933 292729 1032401 1340886 399525 663240 548139 616980 30591 25384 289835 286611 860756 814226 81308210 22159107 60447151 59149103 19267289 19329303 83258620 82518462 412619 677379 994409 821294 28703511 27479465 3977138 3679909 34087677 32658047 X 41084090 41588756 679904 782024 7406949 7489635 49170943 49860415 83258620 82518462 X -50353 885508 -145683 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 12888371 92303 913021 508847 13384848 13324114 70492 -28242 477993 12888371 11429779 2188771 171257 465693 13324114 10606962 40288 1233141 450612 11429779 10159512 102507 778329 433386 10606962 0.44040 0.55960 0.00000 0 0 4793188 4793188 61723806 11457267 50266539 14791216 10701840 4089376 59149103 UNITRUST AND ANNUITY OBLIGATIONS 3338468 FUNDS HELD FOR OTHERS 57376 US GOVERNMENT ADVANCES 144780 OTHER LONG TERM LIABILITIES 139285 3679909 X 30180215 885508 35179 920687 29259528 84063 6413409 6497472 35757000 29345060 35179 35179 29309881 84063 6413409 6497472 35807353 PART X, LINE 2: MANAGEMENT HAS REVIEWED THE TAX POSITIONS FOR EACH OF THE OPEN TAX YEARS (2013-2015) OR EXPECTED TO BE TAKEN IN THE COLLEGE'S 2016 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 35,179. PART XI, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS RECLASSIFIED AS EXPENSES 6,413,409. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING SPECIAL EVENT EXPENSE 35,179. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS RECLASSIFIED AS EXPENSES 6,413,409. 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. X X X X X X 1 LINDSLEY DEVELOPMENT 89 LEAMAN ROAD LANCASTER PA 17603 FUNDRAISING CONSULTANT 0 0 36000 -36000 36000 -36000 GOLF TOURNAMENT CHURCH CHALLENGE 36785 36785 3963 2000 14483 SHADEY'S RUGGED RUN 36507 6500 30007 3084 10486 1 7794 4434 3360 1163 81086 10934 70152 7047 2000 26132 35179 34973 1 EDEN BRIDGE FOUNDATION 901 EDEN ROAD PO BOX 83403 LANCASTER PA 176081201 020714460 501(C)(3) 122406 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) 113969 SUPPORT FOR NEEDY CHILDREN CHILDREN'S MIRACLE NETWORK 205 WEST 700 SOUTH SALT LAKE CITY UT 84101 870387205 501(C)(3) 6500 TO HELP CHILDREN WITH MEDICAL NEEDS WEC INTERNATIONAL PO BOX 1707 FORT WASHINGTON PA 19034 236396212 501(C)(3) 5600 FOR EDUCATING AND TEACHING. PUSH THE ROCK PO BOX 95 EMMAUS PA 18049 232990640 501(C)(3) 5954 FOR VOLLEYBALL STUDENT MISSIONS TRIP 6 0 STUDENT SCHOLARSHIPS TO LANCASTER BIBLE COLLEGE STUDENTS. 1300 6413409 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 8775 0 41917 0 230692 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 MURRAY SECURUS COMPANY IN WHICH TRUSTEE DAVID E. HOSLER IS THE CHIEF OPERATING OFFICER 212089 INSURANCE SERVICES 0 ROBERT TEAGUE SON OF PRESIDENT - PETER TEAGUE 103426 SALARY AND BENEFITS PAID BY LANCASTER BIBLE COLLEGE FOR HIS WORK AS DIRECTOR OF AMBASSADOR FOUNDATION - A RELATED ORGANIZATION 0 YDOP COMPANY IN WHICH TRUSTEE STEVEN WOLGEMUTH IS THE OWNER 156230 MARKETING SERVICES 0 X 1 700 RESEARCHED VALUE X 1208 FAIR MARKET VALUE X 445 RESEARCHED VALUE X 2 32000 RESEARCHED VALUE X 4 24062 FAIR MARKET VALUE X PHYSICAL PLANT SUPPLIES 1 794 RESEARCHED VALUE X CLASSROOM SUPPLIES 2 394 RESEARCHED VALUE X TICKETS/PASSES 2 384 RESEARCHED VALUE 0 0 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 -163,318. CHANGE IN VALUE OF INTEREST RATE CAP 28,562. AMORTIZATION OF DEFERRED BOND COSTS -10,927. 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 12A, I 0 0 1 0 0 0 0 0 0 0 0 0 1 0 0 1 0 1 0 0