ALBRIGHT COLLEGE: Form 990, tax year 2016
View the entire original 990 at ProPublica ↗
- Organization
- ALBRIGHT COLLEGE (EIN 23-1352615)
- Tax period
- 2016-06-01 to 2017-05-31
- Filed
- 2018-04-16
- IRS object ID
- 201801069349300125
- Schema version
- 2016v3.0
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990
- Schedule A
- Schedule B
- Schedule D
- Schedule E
- Schedule F
- Schedule G
- Schedule I
- Schedule J
- Schedule K
- Schedule L
- Schedule M
- Schedule O
- Schedule R
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2018-04-16T11:35:47-05:00 | ReturnTs |
| Tax Period End | 2017-05-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 390859910 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | BAKER TILLY VIRCHOW KRAUSE LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1650 MARKET STREET STE 4500 | AddressLine1Txt |
| City | PHILADELPHIA | CityNm |
| State Abbreviation | PA | StateAbbreviationCd |
| ZIP | 19103 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2016-06-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 231352615 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Albright College | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | ALBR | BusinessNameControlTxt |
| Phone | 6109217749 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 13th Bern Streets PO Box 15234 | AddressLine1Txt |
| City | Reading | CityNm |
| State Abbreviation | PA | StateAbbreviationCd |
| ZIP | 196125234 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | Gregory L Fulmer | PersonNm |
| Person Title | VP ADMIN & FINANCIAL SERVICES | PersonTitleTxt |
| Phone | 6109217749 | PhoneNum |
| Signature | 2018-04-16 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | Julius C Green CPA | PreparerPersonNm |
| PTIN | P00350393 | PTIN |
| Phone | 2159720701 | PhoneNum |
Filing Security Information FilingSecurityInformation
IP Address IPAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| I Pv4 Address | 96.80.2.34 | IPv4AddressTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IP | 2018-04-16 | IPDt |
| IP Tm | 11:12:35 | IPTm |
| IP Timezone | ED | IPTimezoneCd |
| Filing License Type | P | FilingLicenseTypeCd |
| At Submission Creation Device Id | DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 | AtSubmissionCreationDeviceId |
| At Submission Filing Device Id | 41D52B76DFE0CA0C5E5ED141E25DBC48D8427C36 | AtSubmissionFilingDeviceId |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2016 | TaxYr |
| Build TS | 2021-01-29 14:40:06Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | LEX O MCMILLAN III | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 13th Bern Streets PO Box 15234 | AddressLine1Txt |
| City | Reading | CityNm |
| State Abbreviation | PA | StateAbbreviationCd |
| ZIP | 196125234 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $123,606,162 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | www.albright.edu | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1928 | FormationYr |
| Legal Domicile State | PA | LegalDomicileStateCd |
| Activity Or Mission | Promoting a commitment to lifelong learning with a foundation in the liberal arts. | ActivityOrMissionDesc |
| Voting Members Governing Body | 33 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 29 | VotingMembersIndependentCnt |
| Total Employee | 1309 | TotalEmployeeCnt |
| Total Volunteers | 120 | TotalVolunteersCnt |
| Total Gross UBI | $1,118,346 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $7,297,997 | PYContributionsGrantsAmt |
| CY Contributions Grants | $5,853,568 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $84,358,506 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $92,424,686 | CYProgramServiceRevenueAmt |
| PY Investment Income | $1,927,996 | PYInvestmentIncomeAmt |
| CY Investment Income | $3,712,212 | CYInvestmentIncomeAmt |
| PY Other Revenue | $2,142,219 | PYOtherRevenueAmt |
| CY Other Revenue | $2,222,376 | CYOtherRevenueAmt |
| PY Total Revenue | $95,726,718 | PYTotalRevenueAmt |
| CY Total Revenue | $104,212,842 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $38,770,444 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $45,963,942 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $28,263,829 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $28,588,946 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $2,021,526 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $26,132,786 | PYOtherExpensesAmt |
| CY Other Expenses | $26,300,593 | CYOtherExpensesAmt |
| PY Total Expenses | $93,167,059 | PYTotalExpensesAmt |
| CY Total Expenses | $100,853,481 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $2,559,659 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $3,359,361 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $169,860,437 | TotalAssetsBOYAmt |
| Total Assets EOY | $175,434,923 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $51,749,077 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $49,567,864 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $118,111,360 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $125,867,059 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | Our mission is to inspire and educate the scholar and leader in each student, building on a strong foundation in the liberal arts and sciences and a commitment to the best of human values, fostering a commitment to a lifetime of service and learning. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Expense | $88,204,821 | ExpenseAmt |
| Grant | $45,963,942 | GrantAmt |
| Revenue | $92,628,229 | RevenueAmt |
| Desc | Founded in 1856, Albright College educates creative, curious students to become adaptable, global citizens who discover and reach their full potential. Offering both traditional and post-traditional programs, Albright College encourages students 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. In fact, the Gallup Organization suggests the opportunities that Albright College offers more than double a student's chance for a vibrant personal and professional life. For the last 14 years, Albright has 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 perennially named one of the nation's top private fashion merchandising schools.Nearly 65 percent of graduates exercised the creative options within Albright's flexible curriculum and pursued a double major or major/minor combination. Over the past three years, 89 percent of graduates were gainfully employed within six months after graduation. Of those who were employed, 98 percent reported that they developed skills at Albright that were valuable in their workplace. Additionally, 18 percent of the most recent graduating class went directly into graduate and professional schools. And Albright's historically strong 85 percent placement rates into health profession schools of medicine, dentistry, veterinary, and optometry continues. 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 1,657 full-time students, representing 27 states and 14 countries, were enrolled in Albright's traditional undergraduate program. Approximately 336 post-traditional students were enrolled in courses offered by the School of Professional Studies. | Desc |
| Total Program Service Expenses | $88,204,821 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (1) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (1) | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Lobbying Activities | 0 | LobbyingActivitiesInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | Yes (1) | CollectionsOfArtInd |
| Credit Counseling | 0 | CreditCounselingInd |
| Temp Or Permanent Endowments | Yes (1) | TempOrPermanentEndowmentsInd |
| Report Land Building Equipment | Yes (1) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | Yes (1) | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | 0 | ReportProgramRelatedInvstInd |
| Report Other Assets | Yes (1) | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (1) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (1) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | 0 | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | Yes (1) | ConsolidatedAuditFinclStmtInd |
| School Operating | Yes (1) | SchoolOperatingInd |
| Foreign Office | 0 | ForeignOfficeInd |
| Foreign Activities | Yes (1) | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividualsInd |
| Professional Fundraising | 0 | ProfessionalFundraisingInd |
| Fundraising Activities | Yes (1) | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | 0 | GrantsToOrganizationsInd |
| Grants To Individuals | Yes (1) | GrantsToIndividualsInd |
| Schedule J Required | Yes (1) | ScheduleJRequiredInd |
| Tax Exempt Bonds | Yes (1) | TaxExemptBondsInd |
| Invest Tax Exempt Bonds | 0 | InvestTaxExemptBondsInd |
| Escrow Account | 0 | EscrowAccountInd |
| On Behalf Of Issuer | 0 | OnBehalfOfIssuerInd |
| Engaged In Excess Benefit Trans | 0 | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | 0 | PYExcessBenefitTransInd |
| Loan Outstanding | 0 | LoanOutstandingInd |
| Grant To Related Person | 0 | GrantToRelatedPersonInd |
| Business Rln With Org Mem | 0 | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | 0 | BusinessRlnWithFamMemInd |
| Business Rln With Officer Ent | Yes (1) | BusinessRlnWithOfficerEntInd |
| Deductible Non Cash Contri | Yes (1) | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | 0 | DisregardedEntityInd |
| Related Entity | Yes (1) | RelatedEntityInd |
| Related Organization Ctrl Ent | Yes (1) | RelatedOrganizationCtrlEntInd |
| Transaction With Control Ent | Yes (1) | TransactionWithControlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | 0 | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 3107 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (1) | BackupWthldComplianceInd |
| Employee | 1309 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (1) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | Yes (1) | UnrelatedBusIncmOverLimitInd |
| Form990 T Filed | Yes (1) | Form990TFiledInd |
| Foreign Financial Account | Yes (1) | ForeignFinancialAccountInd |
| Foreign Country | GK | ForeignCountryCd |
| Foreign Country | CS | ForeignCountryCd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | Yes (1) | QuidProQuoContributionsInd |
| Quid Pro Quo Contri Discl | Yes (1) | QuidProQuoContriDisclInd |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOfInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 33 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 29 | IndependentVotingMemberCnt |
| Family Or Business Rln | Yes (1) | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | Yes (1) | DelegationOfMgmtDutiesInd |
| Change To Org Documents | 0 | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | 0 | MembersOrStockholdersInd |
| Election Of Board Members | 0 | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | 0 | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (1) | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | 0 | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (1) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (1) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (1) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (1) | WhistleblowerPolicyInd |
| Document Retention Policy | 0 | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (1) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (1) | CompensationProcessOtherInd |
| Investment In Joint Venture | 0 | InvestmentInJointVentureInd |
| States Where Copy Of Return Is Fld | PA | StatesWhereCopyOfReturnIsFldCd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Rick Melcher ASSOC VPCONTROLLER | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 6109217749 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 13th Bern Streets PO Box 15234 | AddressLine1Txt |
| City | Reading | CityNm |
| State Abbreviation | PA | StateAbbreviationCd |
| ZIP | 196125234 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (46 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Average Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRt | Highest Compensated EmployeeHighestCompensatedEmployeeInd |
|---|---|---|---|---|---|---|---|---|
| jeffrey j joyce | ||||||||
| Chairman | 1.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | ||
| Kathleen C Hittner MD | ||||||||
| Vice Chairman | 1.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | ||
| Ross D Miller ESQ | ||||||||
| SECRETARY | 1.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | ||
| Terrence R Curtin | ||||||||
| trustee | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| nanette f cutrona | ||||||||
| Trustee | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| Dwight Davis | ||||||||
| Trustee | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| Richard A Ehst | ||||||||
| Trustee | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| Edwin B Erickson Phd | ||||||||
| Trustee | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| Jacquelyn S FEtrow PhD | ||||||||
| Trustee (until 11/16) | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| ROBERT M FORD CPA | ||||||||
| Trustee | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| Mark T Gallagher Esq | ||||||||
| Trustee | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| Kathleen J Grant MD | ||||||||
| Trustee | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| Jeffrey W Griffiths | ||||||||
| Trustee | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| Josephine A Gruber | ||||||||
| Trustee | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| Daniel B Huyett Esq | ||||||||
| Trustee | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| Christ G Kraras | ||||||||
| Trustee | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| Kenneth S Lakin | ||||||||
| Trustee | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| MICHAEL D LISS CPA | ||||||||
| Trustee | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| lorina l marshall-blake | ||||||||
| Trustee | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| JOHN P MCALLISTER | ||||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| Lex O McMillan III Phd | ||||||||
| President | 39.50 | Yes (X) | Yes (X) | $554,401 | $0 | $149,171 | 0.50 | |
| DAVID A MINK | ||||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| charles j phillips esq | ||||||||
| Trustee | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| JEFFREY T RIGG CPA | ||||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| john k roessner III | ||||||||
| trustee | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| Ronald Scheese | ||||||||
| Trustee | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| Jorge J Scheirer MD | ||||||||
| Trustee | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| John Schultz Esq | ||||||||
| Trustee | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| sherry k sidhu | ||||||||
| Trustee | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| John P Weidenhammer | ||||||||
| Trustee | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| Tiffenia D Archie | ||||||||
| Trustee | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| Robin M Hynicka | ||||||||
| Trustee | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| Sharon P Minnich | ||||||||
| Trustee | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| Jeanette C Roberts PHD | ||||||||
| Trustee | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| Gina-Lyn Crance | ||||||||
| VP - Student Affairs | 40.00 | Yes (X) | $124,878 | $0 | $26,524 | |||
| gregory E Eichhorn | ||||||||
| VP - Enrollment & Adm.(Until 7/16) | 40.00 | Yes (X) | $99,277 | $0 | $16,413 | |||
| Gregory Fulmer | ||||||||
| VP-Admin & Finance | 35.00 | Yes (X) | $162,139 | $0 | $31,130 | 5.00 | ||
| Deborah M McCreery | ||||||||
| VP for advancement | 40.00 | Yes (X) | $162,138 | $0 | $23,488 | |||
| JOSEPH THOMAS | ||||||||
| INTERIM PROVOST (Until 3/16) | 40.00 | Yes (X) | $109,695 | $0 | $23,455 | |||
| Mary McGee | ||||||||
| Provost/VP acad. aff. | 40.00 | Yes (X) | $167,179 | $0 | $5,600 | |||
| Paul Cramer | ||||||||
| VP - Enrollment & Adm.(As of 8/16) | 40.00 | Yes (X) | $60,036 | $0 | $11,179 | |||
| DANIEL J FALABELLA | ||||||||
| CHAIR/PROF. OF COMPUTER SC | 40.00 | $129,240 | $0 | $16,008 | Yes (X) | |||
| Rashmi Radhakrishnan | ||||||||
| Chief INFORMATION OFFICER | 40.00 | $125,468 | $0 | $12,618 | Yes (X) | |||
| GERTRUDE EGUAE-OBAZEE | ||||||||
| PROF. OF ACCOUNTING | 40.00 | $113,213 | $0 | $9,186 | Yes (X) | |||
| Farhad Saboori | ||||||||
| Professor of Economics | 40.00 | $114,458 | $0 | $21,484 | Yes (X) | |||
| Judson Crihfield | ||||||||
| Assist VP for Development | 40.00 | $111,402 | $0 | $11,109 | Yes (X) | |||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $2,033,524 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $357,365 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 17 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | 0 | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (1) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (5 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| ARAMARK CORPORATION | |||||
| 1101 MARKET STREET | PHILADELPHIA | PA | 19107 | FOOD SVC PROVIDER | $4,693,859 |
| Royall & Company | |||||
| 1920 East Parham Road | Richmond | VA | 232282206 | recruiting service | $708,259 |
| ML CONSTRUCTION | |||||
| 504 ELM AVENUE | READING | PA | 19605 | ConSTRUCTION SvCS | $535,969 |
| INTEGRAONE | |||||
| 7248 TILGHMAN STREET | ALLENtown | PA | 18106 | IT SERVICES | $492,956 |
| Associated Construction & Management Cor | |||||
| 506 MORGANTOWN ROAD | READING | PA | 19611 | CONSTRUCTION SVCS | $340,481 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 22 | CntrctRcvdGreaterThan100KCnt |
| Fundraising | $152,595 | FundraisingAmt |
| Government Grants | $1,214,987 | GovernmentGrantsAmt |
| All Other Contributions | $4,485,986 | AllOtherContributionsAmt |
| Noncash Contributions | $271,594 | NoncashContributionsAmt |
| Total Contributions | $5,853,568 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp (3 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| Tuition and Fees | 611710 | $79,078,754 | $79,078,754 |
| Aux Ent - Room and Board | 721310 | $12,837,478 | $12,837,478 |
| Aux Ent - Other Program Income | 900099 | $508,454 | $508,454 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $92,424,686 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $1,407,830 | TotalRevenueColumnAmt |
| Unrelated Business Revenue | $132,953 | UnrelatedBusinessRevenueAmt |
| Exclusion | $1,274,877 | ExclusionAmt |
Royalties Revenue RoyaltiesRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $473,200 | TotalRevenueColumnAmt |
| Exclusion | $473,200 | ExclusionAmt |
Gross Rents GrossRentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $251,814 | RealAmt |
Less Rental Expenses LessRentalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $129,038 | RealAmt |
Rental Income Or Loss RentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $122,776 | RealAmt |
Net Rental Income Or Loss NetRentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $122,776 | TotalRevenueColumnAmt |
| Unrelated Business Revenue | $70,592 | UnrelatedBusinessRevenueAmt |
| Exclusion | $52,184 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $21,525,822 | SecuritiesAmt |
| Other | $2,766 | OtherAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $19,224,206 | SecuritiesAmt |
| Other | $0 | OtherAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $2,301,616 | SecuritiesAmt |
| Other | $2,766 | OtherAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $2,304,382 | TotalRevenueColumnAmt |
| Exclusion | $2,304,382 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Fundraising Gross Income | $68,296 | FundraisingGrossIncomeAmt |
| Contri Rpt Fundraising Event | $152,595 | ContriRptFundraisingEventAmt |
| Fundraising Direct Expenses | $40,076 | FundraisingDirectExpensesAmt |
Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $28,220 | TotalRevenueColumnAmt |
| Exclusion | $28,220 | ExclusionAmt |
Other Revenue Misc OtherRevenueMiscGrp (3 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Unrelated Business RevenueUnrelatedBusinessRevenueAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt | ExclusionExclusionAmt |
|---|---|---|---|---|---|
| Conferences | 812900 | $489,950 | $489,950 | ||
| Athletics and Aquatics Prog | 900099 | $262,459 | $254,192 | $8,267 | |
| Food Service Sales | 900099 | $247,665 | $247,665 |
Miscellaneous Revenue MiscellaneousRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $598,106 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $195,276 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $170,659 | UnrelatedBusinessRevenueAmt |
| Exclusion | $232,171 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $1,598,180 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $104,212,842 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $92,628,229 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $1,118,346 | UnrelatedBusinessRevenueAmt |
| Exclusion | $4,612,699 | ExclusionAmt |
Grants To Domestic Individuals GrantsToDomesticIndividualsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $45,963,942 | TotalAmt |
| Program Services | $45,963,942 | ProgramServicesAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,733,058 | TotalAmt |
| Program Services | $601,337 | ProgramServicesAmt |
| Management And General | $873,136 | ManagementAndGeneralAmt |
| Fundraising | $258,585 | FundraisingAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $20,585,503 | TotalAmt |
| Program Services | $15,034,955 | ProgramServicesAmt |
| Management And General | $4,632,232 | ManagementAndGeneralAmt |
| Fundraising | $918,316 | FundraisingAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,402,789 | TotalAmt |
| Program Services | $1,046,437 | ProgramServicesAmt |
| Management And General | $302,621 | ManagementAndGeneralAmt |
| Fundraising | $53,731 | FundraisingAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,293,173 | TotalAmt |
| Program Services | $2,355,558 | ProgramServicesAmt |
| Management And General | $771,521 | ManagementAndGeneralAmt |
| Fundraising | $166,094 | FundraisingAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,574,423 | TotalAmt |
| Program Services | $1,109,563 | ProgramServicesAmt |
| Management And General | $383,458 | ManagementAndGeneralAmt |
| Fundraising | $81,402 | FundraisingAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $79,583 | TotalAmt |
| Management And General | $79,583 | ManagementAndGeneralAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $83,125 | TotalAmt |
| Management And General | $83,125 | ManagementAndGeneralAmt |
Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $124,781 | TotalAmt |
| Management And General | $124,781 | ManagementAndGeneralAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,641,352 | TotalAmt |
| Program Services | $478,374 | ProgramServicesAmt |
| Management And General | $1,091,291 | ManagementAndGeneralAmt |
| Fundraising | $71,687 | FundraisingAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $433,350 | TotalAmt |
| Program Services | $373,303 | ProgramServicesAmt |
| Management And General | $60,047 | ManagementAndGeneralAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $898,012 | TotalAmt |
| Program Services | $492,399 | ProgramServicesAmt |
| Management And General | $337,353 | ManagementAndGeneralAmt |
| Fundraising | $68,260 | FundraisingAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $420,924 | TotalAmt |
| Program Services | $259,364 | ProgramServicesAmt |
| Management And General | $161,560 | ManagementAndGeneralAmt |
Royalties RoyaltiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $832 | TotalAmt |
| Program Services | $832 | ProgramServicesAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,228,060 | TotalAmt |
| Program Services | $3,163,389 | ProgramServicesAmt |
| Management And General | $53,346 | ManagementAndGeneralAmt |
| Fundraising | $11,325 | FundraisingAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $700,400 | TotalAmt |
| Program Services | $526,335 | ProgramServicesAmt |
| Management And General | $130,130 | ManagementAndGeneralAmt |
| Fundraising | $43,935 | FundraisingAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $51,258 | TotalAmt |
| Program Services | $39,847 | ProgramServicesAmt |
| Management And General | $11,411 | ManagementAndGeneralAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,230,177 | TotalAmt |
| Program Services | $1,144,187 | ProgramServicesAmt |
| Management And General | $70,932 | ManagementAndGeneralAmt |
| Fundraising | $15,058 | FundraisingAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $6,342,187 | TotalAmt |
| Program Services | $5,898,868 | ProgramServicesAmt |
| Management And General | $365,689 | ManagementAndGeneralAmt |
| Fundraising | $77,630 | FundraisingAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $810,083 | TotalAmt |
| Program Services | $761,784 | ProgramServicesAmt |
| Management And General | $39,841 | ManagementAndGeneralAmt |
| Fundraising | $8,458 | FundraisingAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | Management And GeneralManagementAndGeneralAmt | FundraisingFundraisingAmt |
|---|---|---|---|---|
| Food Services | $3,637,927 | $3,637,927 | ||
| empl./student expenses | $1,352,282 | $704,785 | $603,019 | $44,478 |
| recruitment | $839,042 | $839,042 | ||
| Books, Periodicals, etc | $788,343 | $786,832 | $994 | $517 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,638,875 | TotalAmt |
| Program Services | $2,985,761 | ProgramServicesAmt |
| Management And General | $451,064 | ManagementAndGeneralAmt |
| Fundraising | $202,050 | FundraisingAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $100,853,481 | TotalAmt |
| Program Services | $88,204,821 | ProgramServicesAmt |
| Management And General | $10,627,134 | ManagementAndGeneralAmt |
| Fundraising | $2,021,526 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $65,167 | BOYAmt |
| EOY | $134,986 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $7,271,900 | BOYAmt |
| EOY | $9,360,164 | EOYAmt |
Pledges And Grants Receivable PledgesAndGrantsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $4,847,933 | BOYAmt |
| EOY | $3,983,478 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $617,444 | BOYAmt |
| EOY | $684,194 | EOYAmt |
Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $6,585,717 | BOYAmt |
| EOY | $7,234,233 | EOYAmt |
Inventories For Sale Or Use InventoriesForSaleOrUseGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $160,678 | BOYAmt |
| EOY | $160,987 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $807,621 | BOYAmt |
| EOY | $1,226,609 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $166,140,697 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $83,784,507 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $83,308,403 | BOYAmt |
| EOY | $82,356,190 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $40,960,140 | BOYAmt |
| EOY | $46,137,373 | EOYAmt |
Investments Other Securities InvestmentsOtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $13,121,992 | BOYAmt |
| EOY | $11,869,202 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $12,113,442 | BOYAmt |
| EOY | $12,287,507 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $169,860,437 | BOYAmt |
| EOY | $175,434,923 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $7,597,769 | BOYAmt |
| EOY | $8,086,468 | EOYAmt |
Grants Payable GrantsPayableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,532,998 | BOYAmt |
| EOY | $2,574,390 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,918,484 | BOYAmt |
| EOY | $3,466,751 | EOYAmt |
Tax Exempt Bond Liabilities TaxExemptBondLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $34,200,000 | BOYAmt |
| EOY | $32,825,000 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,499,826 | BOYAmt |
| EOY | $2,615,255 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $51,749,077 | BOYAmt |
| EOY | $49,567,864 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows SFAS117 | Yes (X) | OrganizationFollowsSFAS117Ind |
Unrestricted Net Assets UnrestrictedNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $51,858,007 | BOYAmt |
| EOY | $54,300,953 | EOYAmt |
Temporarily Rstr Net Assets TemporarilyRstrNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $28,905,179 | BOYAmt |
| EOY | $32,608,442 | EOYAmt |
Permanently Rstr Net Assets PermanentlyRstrNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $37,348,174 | BOYAmt |
| EOY | $38,957,664 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $118,111,360 | BOYAmt |
| EOY | $125,867,059 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $169,860,437 | BOYAmt |
| EOY | $175,434,923 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | $3,359,361 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | $3,912,181 | NetUnrlzdGainsLossesInvstAmt |
| Other Changes In Net Assets | $484,157 | OtherChangesInNetAssetsAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | Yes (1) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Consolidated Basis Fincl Stmt | Yes (X) | ConsolidatedBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (1) | AuditCommitteeInd |
| Federal Grant Audit Required | Yes (1) | FederalGrantAuditRequiredInd |
| Federal Grant Audit Performed | Yes (1) | FederalGrantAuditPerformedInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| School | Yes (X) | SchoolInd |
Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $5,257,553 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $7,024,003 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $8,232,006 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $7,297,997 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $5,853,568 | CurrentTaxYearAmt |
| Total | $33,665,127 | TotalAmt |
Total Calendar Year170 TotalCalendarYear170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $5,257,553 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $7,024,003 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $8,232,006 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $7,297,997 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $5,853,568 | CurrentTaxYearAmt |
| Total | $33,665,127 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Substantial Contributors Tot | $3,648,780 | SubstantialContributorsTotAmt |
| Public Support Total170 | $30,016,347 | PublicSupportTotal170Amt |
Gross Investment Income170 GrossInvestmentIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $1,919,985 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $1,910,146 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $1,884,062 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $1,941,118 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $1,985,494 | CurrentTaxYearAmt |
| Total | $9,640,805 | TotalAmt |
Other Income170 OtherIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $67,069 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $1,945 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $368,357 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $427,584 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $479,836 | CurrentTaxYearAmt |
| Total | $1,344,791 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | $44,650,723 | TotalSupportAmt |
| Gross Receipts Rltd Activities | $414,626,517 | GrossReceiptsRltdActivitiesAmt |
| Public Support CY170 | 0.67220 | PublicSupportCY170Pct |
| Public Support PY170 | 0.66310 | PublicSupportPY170Pct |
| Thirty Thr Pct Suprt Tests CY170 | Yes (X) | ThirtyThrPctSuprtTestsCY170Ind |
Schedule B IRS990ScheduleB
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | RESTRICTED | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | RESTRICTED | TotalContributionsAmt |
Schedule D IRS990ScheduleD
| Field | Value | IRS element (for citing) |
|---|---|---|
| Collection Used Pub Exhibition | Yes (X) | CollectionUsedPubExhibitionInd |
| Coll Used Scholarly Rsrch | Yes (X) | CollUsedScholarlyRsrchInd |
| Collection Used Preservation | Yes (X) | CollectionUsedPreservationInd |
| Coll Used Loan Or Exch Prog | Yes (X) | CollUsedLoanOrExchProgInd |
| Solicited Assets Sale | 0 | SolicitedAssetsSaleInd |
CY Endwmt Fund CYEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $51,950,077 | BeginningYearBalanceAmt |
| Contributions | $923,444 | ContributionsAmt |
| Investment Earnings Or Losses | $6,127,416 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $1,204,612 | GrantsOrScholarshipsAmt |
| Other Expenditures | $1,178,214 | OtherExpendituresAmt |
| Administrative Expenses | $105,062 | AdministrativeExpensesAmt |
| End Year Balance | $56,513,049 | EndYearBalanceAmt |
CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $55,034,823 | BeginningYearBalanceAmt |
| Contributions | $731,297 | ContributionsAmt |
| Investment Earnings Or Losses | -$1,180,385 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $1,339,241 | GrantsOrScholarshipsAmt |
| Other Expenditures | $1,169,624 | OtherExpendituresAmt |
| Administrative Expenses | $126,793 | AdministrativeExpensesAmt |
| End Year Balance | $51,950,077 | EndYearBalanceAmt |
CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $53,742,553 | BeginningYearBalanceAmt |
| Contributions | $911,615 | ContributionsAmt |
| Investment Earnings Or Losses | $2,538,645 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $1,008,750 | GrantsOrScholarshipsAmt |
| Other Expenditures | $1,015,818 | OtherExpendituresAmt |
| Administrative Expenses | $133,422 | AdministrativeExpensesAmt |
| End Year Balance | $55,034,823 | EndYearBalanceAmt |
CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $48,207,071 | BeginningYearBalanceAmt |
| Contributions | $277,545 | ContributionsAmt |
| Investment Earnings Or Losses | $7,275,296 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $941,550 | GrantsOrScholarshipsAmt |
| Other Expenditures | $939,108 | OtherExpendituresAmt |
| Administrative Expenses | $136,701 | AdministrativeExpensesAmt |
| End Year Balance | $53,742,553 | EndYearBalanceAmt |
CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $42,137,284 | BeginningYearBalanceAmt |
| Contributions | $1,668,437 | ContributionsAmt |
| Investment Earnings Or Losses | $6,483,389 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $1,038,736 | GrantsOrScholarshipsAmt |
| Other Expenditures | $925,438 | OtherExpendituresAmt |
| Administrative Expenses | $117,865 | AdministrativeExpensesAmt |
| End Year Balance | $48,207,071 | EndYearBalanceAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated Balance EOY | 0.20900 | BoardDesignatedBalanceEOYPct |
| Prmnnt Endowment Balance EOY | 0.48300 | PrmnntEndowmentBalanceEOYPct |
| Term Endowment Balance EOY | 0.30800 | TermEndowmentBalanceEOYPct |
| Endowments Held Unrelated Org | Yes (1) | EndowmentsHeldUnrelatedOrgInd |
| Endowments Held Related Org | 0 | EndowmentsHeldRelatedOrgInd |
Land LandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $2,178,536 | OtherCostOrOtherBasisAmt |
| Book Value | $2,178,536 | BookValueAmt |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $116,770,737 | OtherCostOrOtherBasisAmt |
| Depreciation | $50,761,729 | DepreciationAmt |
| Book Value | $66,009,008 | BookValueAmt |
Leasehold Improvements LeaseholdImprovementsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $265,671 | OtherCostOrOtherBasisAmt |
| Depreciation | $125,614 | DepreciationAmt |
| Book Value | $140,057 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $36,851,925 | OtherCostOrOtherBasisAmt |
| Depreciation | $24,892,496 | DepreciationAmt |
| Book Value | $11,959,429 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $10,073,828 | OtherCostOrOtherBasisAmt |
| Depreciation | $8,004,668 | DepreciationAmt |
| Book Value | $2,069,160 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $82,356,190 | TotalBookValueLandBuildingsAmt |
Other Securities OtherSecuritiesGrp (2 entries)
| DescDesc | Book ValueBookValueAmt | Method ValuationMethodValuationCd |
|---|---|---|
| Offshore Hedge Fund | $1,231,269 | F |
| Domestic Hedge Funds | $10,637,933 | F |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Securities | $11,869,202 | TotalBookValueSecuritiesAmt |
Other Assets Org OtherAssetsOrgGrp (6 entries)
| DescDesc | Book ValueBookValueAmt |
|---|---|
| Assets Held in Trust by Others | $11,659,912 |
| Other Receivables | $293,924 |
| Due From NTSI | $17,730 |
| Other Assets | $208,324 |
| Deferred Financing Costs | $9,960 |
| DUE FROM ALBRIGHT COLLEGE COSTA RICA | $97,657 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Other Assets | $12,287,507 | TotalBookValueOtherAssetsAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (6 entries)
| DescDesc | AmtAmt |
|---|---|
| Early Retirement | $399,197 |
| Post Retirement Healthcare Benefits | $143,488 |
| Other Liabilities | $70,561 |
| Charitable Gift Annuity Contract Liab | $1,183,224 |
| Interest Rate Swap | $735,345 |
| PA Alternative/Clean Energy Program | $83,440 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $2,615,255 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $62,065,005 | TotalRevEtcAuditedFinclStmtAmt |
| Net Unrealized Gains Invst | $3,912,181 | NetUnrealizedGainsInvstAmt |
| Donated Services And Use Fclts | $42,600 | DonatedServicesAndUseFcltsAmt |
| Other Revenue | -$46,271,732 | OtherRevenueAmt |
| Revenue Not Reported | -$42,316,951 | RevenueNotReportedAmt |
| Revenue Subtotal | $104,381,956 | RevenueSubtotalAmt |
| Other Revenues Not Included | -$169,114 | OtherRevenuesNotIncludedAmt |
| Revenue Not Reported Fincl Stmt | -$169,114 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $104,212,842 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $54,428,540 | TotExpnsEtcAuditedFinclStmtAmt |
| Donated Services Use Fclts | $42,600 | DonatedServicesUseFcltsAmt |
| Other Expenses Included | $620,854 | OtherExpensesIncludedAmt |
| Expenses Not Reported | $663,454 | ExpensesNotReportedAmt |
| Expenses Subtotal | $53,765,086 | ExpensesSubtotalAmt |
| Other Expenses Not Included | $47,088,395 | OtherExpensesNotIncludedAmt |
| Expenses Not Rpt Fincl Stmt | $47,088,395 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $100,853,481 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail (8 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| 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 2017 and 2016. 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: | Revenue of Subsidiary (NTSI) 332,504. Student AID -45,963,942. Tuition Discount -247,643. Program Expenses Netted Against Revenue -752,029. GAIN ON INTEREST RATE SWAPS 669,287. INVESTMENT EXPENSES -124,781. contributions attributable to the costa rica corporation 2. CHANGE IN VALUE OF ANNUITY CONTRACT AGREEMENTS -185,130. |
| Part XI, Line 4b - Other Adjustments: | Rental Expenses -129,038. Fundraising Event Expenses -40,076. |
| Part XII, Line 2d - Other Adjustments: | EXPENSES ATTRIBUTABLE TO THE COSTA RICA CORPORATION 33,322. Total Expense of Subsidiary (NTSI) 418,418. Rental Expenses 129,038. FUNDRAISING EVENT EXPENSE 40,076. |
| Part XII, Line 4b - Other Adjustments: | Student Aid 45,963,942. Tuition Discount 247,643. PROGRAM EXPENSES NETTED AGAINST REVENUE 752,029. INVESTMENT EXPENSES 124,781. |
Schedule E IRS990ScheduleE
| Field | Value | IRS element (for citing) |
|---|---|---|
| Nondiscriminatory Policy Stmt | 0 | NondiscriminatoryPolicyStmtInd |
| Policy Stmt In Brochures Etc | Yes (1) | PolicyStmtInBrochuresEtcInd |
| Plcy Pblczd Via Broadcast Media | 0 | PlcyPblczdViaBroadcastMediaInd |
| Maintain Racial Comp Recs | Yes (1) | MaintainRacialCompRecsInd |
| Maintain Scholarships Recs | Yes (1) | MaintainScholarshipsRecsInd |
| Maintain Cpy Of Brochures Etc | Yes (1) | MaintainCpyOfBrochuresEtcInd |
| Maintain Cpy Of All Sol | Yes (1) | MaintainCpyOfAllSolInd |
| Discriminate Race Stdnts Rghts | 0 | DiscriminateRaceStdntsRghtsInd |
| Discriminate Race Admiss Plcy | 0 | DiscriminateRaceAdmissPlcyInd |
| Discriminate Race Emplm Fculty | 0 | DiscriminateRaceEmplmFcultyInd |
| Discriminate Race Schs | 0 | DiscriminateRaceSchsInd |
| Discriminate Race Educ Plcy | 0 | DiscriminateRaceEducPlcyInd |
| Discriminate Race Use Of Fclts | 0 | DiscriminateRaceUseOfFcltsInd |
| Discriminate Race Athlt Prog | 0 | DiscriminateRaceAthltProgInd |
| Discriminate Race Other Acty | 0 | DiscriminateRaceOtherActyInd |
| Government Financial Aid Rcvd | Yes (1) | GovernmentFinancialAidRcvdInd |
| Government Financial Aid Rvkd | 0 | GovernmentFinancialAidRvkdInd |
| Compliance With Rev Proc7550 | Yes (1) | ComplianceWithRevProc7550Ind |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| 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). 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. |
Schedule F IRS990ScheduleF
Account Activities Outside US AccountActivitiesOutsideUSGrp (2 entries)
| RegionRegionTxt | OfficesOfficesCnt | EmployeeEmployeeCnt | Type Of Activities ConductedTypeOfActivitiesConductedTxt | Region Total ExpendituresRegionTotalExpendituresAmt |
|---|---|---|---|---|
| Central America and the Caribbean - Antigua & Barbuda, Aruba, Bahamas, | 0 | 0 | INVESTMENTS | $33,319 |
| Europe (Including Iceland & Greenland) - Albania, Andorra, Austria, Belgium | 0 | 0 | investments | $1,231,269 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Subtotal Offices | 0 | SubtotalOfficesCnt |
| Subtotal Employees | 0 | SubtotalEmployeesCnt |
| Continutation Total Office | 0 | ContinutationTotalOfficeCnt |
| Continutation Total Employee | 0 | ContinutationTotalEmployeeCnt |
| Total Office | 0 | TotalOfficeCnt |
| Total Employee | 0 | TotalEmployeeCnt |
| Subtotal Spent | $1,264,588 | SubtotalSpentAmt |
| Continuation Spent | $0 | ContinuationSpentAmt |
| Total Spent | $1,264,588 | TotalSpentAmt |
| Transfer To Foreign Corp | 0 | TransferToForeignCorpInd |
| Interest In Foreign Trust | 0 | InterestInForeignTrustInd |
| Foreign Corp Ownership | Yes (1) | ForeignCorpOwnershipInd |
| Passive Foreign Investmest Co | 0 | PassiveForeignInvestmestCoInd |
| Foreign Partnership | Yes (1) | ForeignPartnershipInd |
| Boycott Countries | 0 | BoycottCountriesInd |
Schedule G IRS990ScheduleG
Fundraising Event Information FundraisingEventInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Event1 | RED & WHITE GOLF | Event1Nm |
| Gross Receipts Event1 | $220,891 | GrossReceiptsEvent1Amt |
| Charitable Contri Event1 | $152,595 | CharitableContriEvent1Amt |
| Gross Revenue Event1 | $68,296 | GrossRevenueEvent1Amt |
| Rent Facility Costs Event1 | $39,284 | RentFacilityCostsEvent1Amt |
| Other Direct Expenses Event1 | $792 | OtherDirectExpensesEvent1Amt |
| Gross Receipts Total | $220,891 | GrossReceiptsTotalAmt |
| Charitable Contributions Tot | $152,595 | CharitableContributionsTotAmt |
| Gross Revenue Total Events | $68,296 | GrossRevenueTotalEventsAmt |
| Rent Fclty Costs Total Events | $39,284 | RentFcltyCostsTotalEventsAmt |
| Oth Direct Expnss Total Events | $792 | OthDirectExpnssTotalEventsAmt |
| Direct Expense Summary Events | $40,076 | DirectExpenseSummaryEventsAmt |
| Net Income Summary | $28,220 | NetIncomeSummaryAmt |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (1) | GrantRecordsMaintainedInd |
Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp (15 entries)
| Grant TypeGrantTypeTxt | RecipientRecipientCnt | Cash GrantCashGrantAmt | Non Cash AssistanceNonCashAssistanceDesc |
|---|---|---|---|
| Trustee Grants | 1741 | $22,485,973 | N/A |
| Presidential Scholarship / Dean | 586 | $11,365,931 | N/A |
| Jacob Albright Scholarship | 72 | $1,792,000 | N/A |
| Eugene Shirk Scholarship | 83 | $1,654,294 | N/A |
| ENDOWED Scholarships | 275 | $1,816,331 | N/A |
| Supplemental Educational Opportunity Grants | 97 | $235,571 | N/A |
| Coleman Awards | 3 | $3,500 | N/A |
| Other Scholarships, Grants and Awards | 771 | $5,486,739 | N/A |
| FOREIGN STUDENT SCHOLARSHIPS | 36 | $517,464 | N/A |
| TALENT AWARDS | 40 | $153,500 | N/A |
| Faculty Scholarship | 23 | $88,500 | N/A |
| Academic Talent Grant | 44 | $160,000 | N/A |
| Enrolled Sibling Grant | 19 | $8,250 | N/A |
| Community College Achievement Scholarship | 35 | $50,600 | N/A |
| General Scholarships - Partnership | 159 | $145,289 | N/A |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | Part I, Line 2: | FormAndLineReferenceDesc |
| Explanation | 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. | ExplanationTxt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Travel For Companions | Yes (X) | TravelForCompanionsInd |
| Housing Allowance Or Residence | Yes (X) | HousingAllowanceOrResidenceInd |
| Club Dues Or Fees | Yes (X) | ClubDuesOrFeesInd |
| Written Policy Ref T And E Expnss | Yes (1) | WrittenPolicyRefTAndEExpnssInd |
| Substantiation Required | Yes (1) | SubstantiationRequiredInd |
| Compensation Committee | Yes (X) | CompensationCommitteeInd |
| Compensation Survey | Yes (X) | CompensationSurveyInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | 0 | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | Yes (1) | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | 0 | EquityBasedCompArrngmInd |
| Comp Based On Revenue Of Flng Org | 0 | CompBasedOnRevenueOfFlngOrgInd |
| Comp Bsd On Rev Related Orgs | 0 | CompBsdOnRevRelatedOrgsInd |
| Comp Bsd Net Earns Flng Org | 0 | CompBsdNetEarnsFlngOrgInd |
| Comp Bsd Net Earns Rltd Orgs | 0 | CompBsdNetEarnsRltdOrgsInd |
| Any Non Fixed Payments | Yes (1) | AnyNonFixedPaymentsInd |
| Initial Contract Exception | 0 | InitialContractExceptionInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (5 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount | Bonus Related OrganizationsBonusRelatedOrganizationsAmt | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt | Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt | Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Lex O McMillan III Phd | ||||||||||||||
| President | $503,546 | $0 | $46,050 | $0 | $4,805 | $0 | $95,742 | $0 | $53,429 | $0 | $703,572 | $0 | $0 | $0 |
| Gina-Lyn Crance | ||||||||||||||
| VP - Student Affairs | $114,666 | $0 | $0 | $0 | $10,212 | $0 | $12,329 | $0 | $14,195 | $0 | $151,402 | $0 | $0 | $0 |
| Gregory Fulmer | ||||||||||||||
| VP-Admin & Finance | $162,139 | $0 | $0 | $0 | $0 | $0 | $16,935 | $0 | $14,195 | $0 | $193,269 | $0 | $0 | $0 |
| Deborah M McCreery | ||||||||||||||
| VP for advancement | $162,138 | $0 | $0 | $0 | $0 | $0 | $16,422 | $0 | $7,066 | $0 | $185,626 | $0 | $0 | $0 |
| Mary McGee | ||||||||||||||
| Provost/VP acad. aff. | $167,179 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $5,600 | $0 | $172,779 | $0 | $0 | $0 |
Supplemental Information Detail SupplementalInformationDetail (3 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| 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). Health or social club dues or initiation fees: The president is provided membership to a local country club to facilitate the conduct of College business and consequently it is not treated as a taxable benefit. 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 4b | THE PRESIDENT PARTICIPATES IN A 457(F) DEFERRED COMPENSATION PLAN. THE COLLEGE CONTRIBUTED $63,700 TO THE PLAN DURING THE CALENDAR YEAR. THERE WERE NO DISTRIBUTIONS FROM THE PLAN. |
| Part I, Line 7 | The President participates in an annual Variable Compensation Program ("Annual VCP"). The Annual VCP payment shall not exceed 15% of base salary and is contingent on the achievement of attainable business performance objectives established by the College's Compensation Committee. The amount is determined by the Committee through an annual review process based on the employee's performance, independent market data, the Committee's compensation philosophy and other factors which the Committee may deem relevant. |
Schedule K IRS990ScheduleK
Tax Exempt Bonds Issues TaxExemptBondsIssuesGrp (4 entries)
| Bond ReferenceBondReferenceCd | Bond Issuer EINBondIssuerEIN | Bond IssuedBondIssuedDt | Issue PriceIssuePriceAmt | PurposePurposeDesc | DefeasedDefeasedInd | On Behalf Of IssuerOnBehalfOfIssuerInd | Pool FinancingPoolFinancingInd |
|---|---|---|---|---|---|---|---|
| THE BERKS COUNTY MUNICIPAL AUTHORITY | |||||||
| A | 236647630 | 2013-12-30 | $10,000,000 | refund prior issue (12/30/10) | 0 | 0 | 0 |
| The BERKS COUNTY MUNICIPAL AUTHORITY | |||||||
| B | 236647630 | 2013-12-30 | $10,000,000 | refund prior issue | 0 | 0 | 0 |
| THE BERKS COUNTY MUNICIPAL AUTHORITY | |||||||
| C | 236647630 | 2013-12-30 | $5,500,000 | REfund prior issue (12/30/10) | 0 | 0 | 0 |
| ThE BERKS COUNTY MUNICIPAL AUTHORITY | |||||||
| D | 236647630 | 2014-09-02 | $10,000,000 | refund prior issue | 0 | 0 | 0 |
Tax Exempt Bonds Proceeds TaxExemptBondsProceedsGrp (4 entries)
| Bond ReferenceBondReferenceCd | Total ProceedsTotalProceedsAmt | Other Spent ProceedsOtherSpentProceedsAmt | Substantial CompletionSubstantialCompletionYr | Current RefundingCurrentRefundingInd | Advance RefundingAdvanceRefundingInd | Final Allocation MadeFinalAllocationMadeInd | Adequate Books And Rec MaintAdequateBooksAndRecMaintInd | RetiredRetiredAmt |
|---|---|---|---|---|---|---|---|---|
| A | $10,000,000 | $10,000,000 | 2010 | Yes (1) | 0 | Yes (1) | Yes (1) | |
| B | $10,000,000 | $10,000,000 | 2010 | Yes (1) | 0 | Yes (1) | Yes (1) | |
| C | $5,500,000 | $5,500,000 | 2010 | Yes (1) | 0 | Yes (1) | Yes (1) | |
| D | $10,000,000 | $10,000,000 | 2014 | Yes (1) | 0 | Yes (1) | Yes (1) | $2,675,000 |
Tax Exempt Bonds Private Bus Use TaxExemptBondsPrivateBusUseGrp (4 entries)
| Bond ReferenceBondReferenceCd | Owning Bond Financed PropertyOwningBondFinancedPropertyInd | Any Lease ArrangementsAnyLeaseArrangementsInd | Mgmt Contract Bond Fincd PropMgmtContractBondFincdPropInd | Engage Bond Counsel ContractsEngageBondCounselContractsInd | Any Research AgreementsAnyResearchAgreementsInd | Private Bus Use By OthersPrivateBusUseByOthersPct | Private Bus Concerning UBIPrivateBusConcerningUBIPct | Total Private Business UseTotalPrivateBusinessUsePct | Bond Iss Meet Prvt Sec Pymt TestBondIssMeetPrvtSecPymtTestInd | Change In Use Bond Financed PropChangeInUseBondFinancedPropInd | Procs Nonqualified Bond RemdtdProcsNonqualifiedBondRemdtdInd |
|---|---|---|---|---|---|---|---|---|---|---|---|
| A | 0 | 0 | Yes (1) | Yes (1) | 0 | 0.00600 | 0.00000 | 0.00600 | 0 | 0 | Yes (1) |
| B | 0 | 0 | Yes (1) | Yes (1) | 0 | 0.00600 | 0.00000 | 0.00600 | 0 | 0 | Yes (1) |
| C | 0 | 0 | Yes (1) | Yes (1) | 0 | 0.00600 | 0.00000 | 0.00600 | 0 | 0 | Yes (1) |
| D | 0 | 0 | Yes (1) | Yes (1) | 0 | 0.01000 | 0.00000 | 0.01000 | 0 | 0 | Yes (1) |
Tax Exempt Bonds Arbitrage TaxExemptBondsArbitrageGrp (4 entries)
| Bond ReferenceBondReferenceCd | Form8038 T FiledForm8038TFiledInd | Rebate Not Due YetRebateNotDueYetInd | Exception To RebateExceptionToRebateInd | No Rebate DueNoRebateDueInd | Variable Rate IssueVariableRateIssueInd | Hedge Identified In Bks And RecHedgeIdentifiedInBksAndRecInd | Gross Proceeds Invested In GICGrossProceedsInvestedInGICInd | Gross Proceeds InvestedGrossProceedsInvestedInd | Written Proc To Monitor ReqsWrittenProcToMonitorReqsInd |
|---|---|---|---|---|---|---|---|---|---|
| A | 0 | 0 | Yes (1) | 0 | Yes (1) | 0 | 0 | 0 | Yes (1) |
| B | 0 | 0 | Yes (1) | 0 | Yes (1) | 0 | 0 | 0 | Yes (1) |
| C | 0 | 0 | Yes (1) | 0 | Yes (1) | 0 | 0 | 0 | Yes (1) |
| D | 0 | 0 | Yes (1) | 0 | Yes (1) | 0 | 0 | 0 | Yes (1) |
Procedures Corrective Action ProceduresCorrectiveActionGrp (4 entries)
| Bond ReferenceBondReferenceCd | Procedures Corrective ActionProceduresCorrectiveActionInd |
|---|---|
| A | Yes (1) |
| B | Yes (1) |
| C | Yes (1) |
| D | Yes (1) |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | SCHEDULE K, PART IV, LINES 2A-2C: | FormAndLineReferenceDesc |
| Explanation | NOTE REGARDING THE REBATE COMPUTATIONS ON 6/30/2014 AND 3/2/2015. SINCE THE BOND PROCEEDS HAVE BEEN SPENT, A SPENDING EXCEPTION WAS MET, AND THE DEBT SERVICE FUND WAS OPERATED ON A BONA FIDE BASIS. NO FURTHER REBATE CALCULATIONS ARE NECESSARY. | ExplanationTxt |
Schedule L IRS990ScheduleL
Bus Tr Involve Interested Prsn BusTrInvolveInterestedPrsnGrp (2 entries)
| Relationship DescriptionRelationshipDescriptionTxt | TransactionTransactionAmt | TransactionTransactionDesc | Sharing Of RevenuesSharingOfRevenuesInd |
|---|---|---|---|
| JOHN WEIDENHAMMER | |||
| BOARD TRUSTEE AND OWNER OF WEIDENHAMMER SYSTEMS | $112,133 | 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 | $287,553 | FRIENDS OF ALBRIGHT (FOA) LLC, HOLDS OWNERSHIP OF AN ON-CAMPUS BUILDING, WHICH THE COLLEGE RENTS. ALL TRANSACTIONS ARE AT ARM'S LENGTH. | 0 |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | FORM 990, SCHEDULE L, PART IV: | FormAndLineReferenceDesc |
| Explanation | CURRENT TRUSTEES: JOHN P. WEIDENHAMMER CHRIST G. KRARAS JOHN K. ROESSNER IIIFORMER TRUSTEES: JOHN BAILEY John D. Scholl | ExplanationTxt |
Schedule M IRS990ScheduleM
Securities Publicly Traded SecuritiesPubliclyTradedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | Yes (X) | NonCashCheckboxInd |
| Contribution | 24 | ContributionCnt |
| Noncash Contributions Rpt F990 | $271,594 | NoncashContributionsRptF990Amt |
| Method Of Determining Revenues | NYSE | MethodOfDeterminingRevenuesTxt |
Other Non Cash Contri Table OtherNonCashContriTableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | Yes (X) | NonCashCheckboxInd |
| Desc | AUCTION ITEMS | Desc |
| Contribution | 3 | ContributionCnt |
| Noncash Contributions Rpt F990 | $0 | NoncashContributionsRptF990Amt |
| Method Of Determining Revenues | values not provided | MethodOfDeterminingRevenuesTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Any Property That Must Be Held | 0 | AnyPropertyThatMustBeHeldInd |
| Review Process Unusual NC Gifts | Yes (1) | ReviewProcessUnusualNCGiftsInd |
| Third Parties Used | 0 | ThirdPartiesUsedInd |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | Part I, Column (b): | FormAndLineReferenceDesc |
| Explanation | AMOUNTS REPORTED IN PART 1 COLUMN B REPRESENT THE NUMBER OF CONTRIBUTORS RATHER THAN THE NUMBER OF ITEMS CONTRIBUTED. | ExplanationTxt |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (8 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Form 990, Part VI, Section A, line 2 | three MEMBERS OF THE BOARD OF TRUSTEES ARE CO-OWNERS OF A BUSINESS THAT RENTS OFFICE SPACE AND OTHER PROPERTY TO THE COLLEGE. |
| 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 VI, LINE 14: | The administrative committee charged with the development of a document retention and destruction policY continued its work during the tax year, which culminated with an approved policy effective January 1, 2018. |
| Form 990, Part XI, line 9: | CHANGE IN VALUE OF INTEREST RATE SWAPS 669,287. CHANGE IN VALUE OF ANNUITY CONTRACT AGREEMENTS -185,130. |
Schedule R IRS990ScheduleR
Id Related Org Txbl Corp Tr IdRelatedOrgTxblCorpTrGrp (2 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | EINEIN | Primary ActivitiesPrimaryActivitiesTxt | Legal Domicile StateLegalDomicileStateCd | Business Name Line1DirectControllingEntityName/BusinessNameLine1Txt | Entity TypeEntityTypeTxt | Share Of Total IncomeShareOfTotalIncomeAmt | Share Of EOY AssetsShareOfEOYAssetsAmt | OwnershipOwnershipPct | Controlled OrganizationControlledOrganizationInd | Address Line1ForeignAddress/AddressLine1Txt | CityForeignAddress/CityNm | CountryForeignAddress/CountryCd | Legal Domicile Foreign CountryLegalDomicileForeignCountryCd |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| North Thirteenth Street Inc | ||||||||||||||||
| 13th Bern Streets PO Box 14988 | Reading | PA | 196124988 | 232362385 | Real Estate Rental | PA | ALBRIGHT COLLEGE | C | $108,989 | $18,280 | 1.00000 | Yes (1) | ||||
| albright college costa rica sa | ||||||||||||||||
| LAND INVESTMENT | ALBRIGHT COLLEGE | C | $2 | $33,319 | 1.00000 | Yes (1) | EL PATIO BUILDING 3RD FLOOR | SAN JOSE | CS | CS | ||||||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Annts Rnts Rylts | Yes (1) | ReceiptOfIntAnntsRntsRyltsInd |
| Gift Grnt Or Cap Contri To Oth Org | 0 | GiftGrntOrCapContriToOthOrgInd |
| Gift Grnt Cap Contri From Oth Org | 0 | GiftGrntCapContriFromOthOrgInd |
| Loans Or Guarantees To Other Org | 0 | LoansOrGuaranteesToOtherOrgInd |
| Loans Or Guarantees From Oth Org | 0 | LoansOrGuaranteesFromOthOrgInd |
| Div Related Organization | 0 | DivRelatedOrganizationInd |
| Asset Sale To Other Org | 0 | AssetSaleToOtherOrgInd |
| Asset Purchase From Other Org | 0 | AssetPurchaseFromOtherOrgInd |
| Asset Exchange | 0 | AssetExchangeInd |
| Rental Of Facilities To Oth Org | Yes (1) | RentalOfFacilitiesToOthOrgInd |
| Rental Of Fclts From Oth Org | Yes (1) | RentalOfFcltsFromOthOrgInd |
| Perform Of Services For Oth Org | 0 | PerformOfServicesForOthOrgInd |
| Perform Of Services By Other Org | 0 | PerformOfServicesByOtherOrgInd |
| Sharing Of Facilities | 0 | SharingOfFacilitiesInd |
| Paid Employees Sharing | Yes (1) | PaidEmployeesSharingInd |
| Reimbursement Paid To Other Org | Yes (1) | ReimbursementPaidToOtherOrgInd |
| Reimbursement Paid By Other Org | Yes (1) | ReimbursementPaidByOtherOrgInd |
| Transfer To Other Org | Yes (1) | TransferToOtherOrgInd |
| Transfer From Other Org | 0 | TransferFromOtherOrgInd |
Transactions Related Org TransactionsRelatedOrgGrp (3 entries)
| Transaction TypeTransactionTypeTxt | InvolvedInvolvedAmt | Method Of Amount DeterminationMethodOfAmountDeterminationTxt |
|---|---|---|
| North Thirteenth Street Inc | ||
| K | $72,222 | cost |
| North Thirteenth Street Inc | ||
| Q | $239,122 | cost |
| north Thirteenth Street Inc | ||
| A | $12,000 | cost |