2017-04-17T16:00:55-05:00 2016-05-31 390859910 BAKER TILLY VIRCHOW KRAUSE LLP 1650 MARKET STREET SUITE 4500 PHILADELPHIA PA 19103 990 2015-06-01 231352615 ALBRIGHT COLLEGE ALBR 6109217749 13TH BERN STREETS PO BOX 15234 READING PA 196125234 GREGORY L FULMER VP ADMIN & FINANCIAL SERVICES 6109217749 2017-04-17 1 JULIUS C GREEN CPA P00350393 2159720701 2015 2021-01-29 14:40:06Z LEX O MCMILLAN III 13TH BERN STREETS PO BOX 15234 READING PA 196125234 113115674 0 X WWW.ALBRIGHT.EDU X 1928 PA PROMOTING A COMMITMENT TO LIFELONG LEARNING WITH A FOUNDATION IN THE LIBERAL ARTS & SCIENCES. 30 26 1399 142 907951 -25992 8232006 7297997 84060112 84358506 2636641 1927996 2182783 2142219 97111542 95726718 36280021 38770444 0 0 29362376 28263829 0 0 1943769 25835528 26132786 91477925 93167059 5633617 2559659 173004736 169860437 54453012 51749077 118551724 118111360 X OUR MISSION IS TO INSPIRE AND EDUCATE THE SCHOLAR AND LEADER IN EACH STUDENT, BUILDING ON A STRONG FOUNDATION IN THE LIBERAL ARTS AND SCIENCES AND A COMMITMENT TO THE BEST OF HUMAN VALUES, FOSTERING A COMMITMENT TO A LIFETIME OF SERVICE AND LEARNING. 0 0 80235130 38770444 84309997 ALBRIGHT COLLEGE PROVIDES AN EXCELLENT LIBERAL ARTS EDUCATION AND ABUNDANT OPPORTUNITIES FOR SOCIAL, PERSONAL AND CULTURAL DEVELOPMENT. ALBRIGHT HAS ALL OF THE ADVANTAGES OF A SMALL, COEDUCATIONAL, PRIVATE COLLEGE, INCLUDING A RIGOROUS YET FLEXIBLE CURRICULUM, A 14:1 STUDENT-FACULTY RATIO AND THE SINCERE FRIENDLINESS AND WARMTH OF A CLOSE-KNIT COMMUNITY.APPROXIMATELY 1,735 FULL TIME STUDENTS ATTEND ALBRIGHT; THEY REPRESENT TWENTY-SIX STATES AND EIGHTEEN COUNTRIES. SIXTY-FIVE PERCENT OF THE STUDENTS LIVE ON CAMPUS. INTERCOLLEGIATE, INTRAMURAL AND CLUB SPORTS ARE A MAJOR PART OF CO-CURRICULAR LIFE AT ALBRIGHT WITH OVER ONE-QUARTER OF ALL STUDENTS PARTICIPATING IN INTERCOLLEGIATE ATHLETIC COMPETITION. THE BOLLMAN CENTER, LIFESPORTS CENTER AND THE SCHUMO CENTER FOR FITNESS AND WELL-BEING OFFER FACILITIES FOR SPORTS AND RECREATIONAL ATHLETICS. THE CENTER FOR THE ARTS IS THE FOCAL POINT FOR VERY ACTIVE VISUAL AND PERFORMING ARTS PROGRAMS AND CONTAINS STUDIOS, A THEATRE, AND THE FREEDMAN GALLERY.THROUGHOUT ITS DISTINGUISHED 160 YEAR HISTORY, ALBRIGHT HAS PROVIDED A RELEVANT EDUCATION THAT PREPARES INDIVIDUALS FOR THE CHALLENGE OF LIFELONG LEARNING. THE COLLEGE OFFERS BACHELOR OF ARTS AND BACHELOR OF SCIENCE DEGREES IN FORTY-ONE MAJORS. IN ADDITION, TWENTY-NINE MINORS ARE OFFERED.ALBRIGHT'S PRE-PROFESSIONAL PROGRAMS ARE HIGHLY REGARDED. STATISTICS INDICATE THAT UPON GRADUATION APPROXIMATELY SEVENTEEN PERCENT OF ALUMNI ENROLL IN GRADUATE OR PROFESSIONAL PROGRAMS AND THAT MORE THAN FORTY PERCENT ENROLL WITHIN FIVE YEARS OF GRADUATION. ALBRIGHT'S ACADEMIC CALENDAR IS BASED ON THE 4-1-4 CONCEPT WITH FALL, INTERIM (JANUARY) AND SPRING SEMESTERS. THE FULL-TIME COURSE LOAD FOR FALL AND SPRING IS FOUR COURSES PER SEMESTER. STUDENTS MUST SUCCESSFULLY COMPLETE THIRTY-TWO COURSES FOR GRADUATION. AMPLE OPPORTUNITIES FOR INDIVIDUALLY-DESIGNED MAJORS, COMBINED MAJOR PROGRAMS, INTERDISCIPLINARY STUDY AND INTERNSHIPS ARE AVAILABLE.TWENTY-EIGHT STUDENTS PARTICIPATE IN EITHER THE MASTER OF ARTS OR MASTER OF SCIENCE DEGREES IN EDUCATION WITH MAJORS IN ELEMENTARY/EARLY CHILDHOOD, SPECIAL AND SECONDARY EDUCATION. ALBRIGHT ALSO OFFERS ACCELERATED DEGREE PROGRAMS FOR ADULT STUDENTS.ACADEMIC ADVISING IS A VITAL PART OF THE SUPPORT SYSTEM PROVIDED FOR STUDENTS. THE ALPHA PROGRAM IS SPECIFICALLY DESIGNED FOR UNDECIDED STUDENTS. CAREER COUNSELING, PEER COUNSELING AND PRIVATE COUNSELING PROVIDE GUIDANCE FOR ALL STUDENTS. ALBRIGHT'S FULL-TIME FACULTY INCLUDES ONE HUNDRED ELEVEN MEMBERS, EIGHTY PERCENT OF WHOM HOLD EITHER A PH.D. OR ANOTHER TERMINAL DEGREE IN THEIR FIELD OF SPECIALIZATION.A COMPLETE RANGE OF FACILITIES SUPPORTS THE ACADEMIC PROGRAMS, INCLUDING THE GINGRICH LIBRARY, THE CENTER FOR MATHEMATICS AND COMPUTING, AND THE MERNER-PFEIFFER HALL OF SCIENCE. OTHER CLASSROOM FACILITIES CONTINUE TO BE RENOVATED TO FACILITATE A TECHNOLOGY DRIVEN TEACHING CURRICULUM. 80235130 1 1 0 0 0 0 0 1 0 1 1 1 0 1 1 1 0 1 1 0 1 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 1 1 1 0 0 1 3559 0 1 1399 1 1 1 1 GK CS 0 0 0 1 1 1 1 0 0 0 X 30 26 1 1 0 0 0 0 0 1 1 0 0 0 1 1 1 1 0 1 1 0 PA X RICK MELCHER ASSOC VPCONTROLLER 6109217749 13TH BERN STREETS PO BOX 15234 READING PA 196125234 JEFFREY J JOYCE CHAIRMAN 1.00 X X 0 0 0 KATHLEEN C HITTNER MD VICE CHAIRMAN 1.00 X X 0 0 0 ROSS D MILLER ESQ SECRETARY 1.00 X X 0 0 0 TERRENCE R CURTIN TRUSTEE 1.00 X 0 0 0 NANETTE F CUTRONA TRUSTEE 1.00 X 0 0 0 RICHARD A EHST TRUSTEE 1.00 X 0 0 0 DWIGHT DAVIS TRUSTEE 1.00 X 0 0 0 EDWIN B ERICKSON PHD TRUSTEE 1.00 X 0 0 0 JACQUELYN S FETROW PHD TRUSTEE 1.00 X 0 0 0 ROBERT M FORD CPA TRUSTEE 1.00 X 0 0 0 MARK T GALLAGHER ESQ TRUSTEE 1.00 X 0 0 0 KATHLEEN J GRANT MD TRUSTEE 1.00 X 0 0 0 JEFFREY W GRIFFITHS TRUSTEE 1.00 X 0 0 0 JOSEPHINE A GRUBER TRUSTEE 1.00 X 0 0 0 DANIEL B HUYETT ESQ TRUSTEE 1.00 X 0 0 0 CHRIST G KRARAS TRUSTEE 1.00 X 0 0 0 KENNETH S LAKIN TRUSTEE 1.00 X 0 0 0 MICHAEL D LISS CPA TRUSTEE 1.00 X 0 0 0 LORINA L MARSHALL-BLAKE TRUSTEE 1.00 X 0 0 0 JOHN P MCALLISTER TRUSTEE 1.00 X 0 0 0 LEX O MCMILLAN III PHD PRESIDENT 39.50 0.50 X X 342451 0 146047 DAVID A MINK TRUSTEE 1.00 X 0 0 0 CHARLES J PHILLIPS ESQ TRUSTEE 1.00 X 0 0 0 JEFFREY T RIGG CPA TRUSTEE 1.00 X 0 0 0 JEANETTE C ROBERTS PHD MPH TRUSTEE (LOA BEG. 10/2015) 1.00 X 0 0 0 JOHN K ROESSNER III TRUSTEE 1.00 X 0 0 0 RONALD SCHEESE TRUSTEE 1.00 X 0 0 0 JORGE J SCHEIRER MD TRUSTEE 1.00 X 0 0 0 JOHN SCHULTZ ESQ TRUSTEE 1.00 X 0 0 0 SHERRY K SIDHU TRUSTEE 1.00 X 0 0 0 JOHN P WEIDENHAMMER TRUSTEE 1.00 X 0 0 0 ANDREA E CHAPDELAINE PROVOST/VP-ACAD. AFF. (UNTIL 6/15) 40.00 X 83517 0 16346 GINA-LYN CRANCE VP - STUDENT AFFAIRS 40.00 X 124201 0 26486 GREGORY E EICHHORN VP - ENROLLMENT & ADMISSIO 40.00 X 157442 0 30660 GREGORY FULMER VP-ADMIN & FINANCE 35.00 5.00 X 155916 0 30719 DEBORAH M MCCREERY VP FOR ADVANCEMENT 40.00 X 156392 0 28414 JOSEPH THOMAS INTERIM PROVOST (7/15-3/16) 40.00 X 124331 0 23424 DANIEL J FALABELLA CHAIR/PROF. OF COMPUTER SCIENCE 40.00 X 127815 0 16157 RASHMI RADHAKRISHNAN CHIEF INFORMATION OFFICER 40.00 X 123699 0 12377 RODNEY E WARFIELD PROFESSOR OF EDUCATION 40.00 X 104246 0 16507 GERTRUDE EGUAE-OBAZEE PROF. OF ACCOUNTING 40.00 X 102813 0 8682 JULIA HEBERLE ASSOC. PROF. OF PSYCH. 40.00 X 102320 0 7832 MARY MCGEE PROVOST/VP ACAD. AFF. (BEG. 2/16) 40.00 X 0 0 0 1705143 0 363651 13 0 1 0 ARAMARK CORPORATION 1101 MARKET STREET PHILADELPHIA PA 19107 FOOD SERVICE PROVIDER 4474969 ASSOCIATED CONSTRUCTION & MANAGEMENT COR 506 MORGANTOWN ROAD READING PA 19611 CONSTRUCTION SERVICES 850151 ROYALL & COMPANY 1920 EAST PARHAM ROAD RICHMOND VA 232282206 RECRUITING SERVICE 653327 PERROTTO BUILDERS LTD 426 WARREN ST READING PA 19601 CONSTRUCTION SERVICES 325937 ALLIANCE MEDIA GROUP 1874 CATASAUQUA ROAD SUITE 390 ALLENTOWN PA 18109 ADVERTISING SERVICES 324271 15 94490 1102795 6100712 431424 7297997 TUITION AND FEES 611710 71829556 71829556 AUX ENT - ROOM AND BOARD 721310 11812660 11812660 AUX ENT - OTHER PROGRAM INCOME 900099 716290 716290 84358506 1250644 -60026 1310670 459419 459419 231055 73331 157724 157724 48510 109214 17951611 17274259 677352 677352 677352 32511 94490 41366 -8855 -8855 CONFERENCES 812900 516768 516768 ATHLETICS AND AQUATICS PROG 900099 250191 34260 215931 FOOD SERVICE SALES 900099 174650 174650 592322 152620 186768 252934 1533931 95726718 84545386 907951 2975384 38770444 38770444 1380511 415478 745364 219669 20616494 15092403 4602331 921760 1371514 1031525 289003 50986 3347809 2407066 776775 163968 1547501 1097445 371490 78566 480 480 80664 80664 85345 85345 147644 147644 1965552 448564 1446993 69995 466290 356660 109630 937107 546114 307050 83943 404360 301727 99741 2892 1400 1400 3378112 3310216 56043 11853 679143 572610 67099 39434 28143 23293 4850 1240558 1153843 71577 15138 5952319 5536252 343434 72633 796157 747746 39960 8451 FOOD SERVICES 3353495 3353495 EMPL./STUDENT EXPENSES 1196243 636743 530201 29299 BOOKS, PERIODICALS, ETC 940611 939485 381 745 RECRUITMENT 771064 771064 3708099 2721557 812585 173957 93167059 80235130 10988160 1943769 23116 65167 8794941 7271900 3722123 4847933 595027 617444 6146888 6585717 148506 160678 673283 807621 158493771 75185368 85030706 83308403 41428228 40960140 14453459 13121992 11988459 12113442 173004736 169860437 8052155 7597769 2490313 2532998 4460166 3918484 35500000 34200000 3950378 3499826 54453012 51749077 X 51355859 51858007 30431085 28905179 36764780 37348174 118551724 118111360 173004736 169860437 X 2559659 -3286812 286789 X 0 1 X 1 1 1 X 7534143 5257553 7024003 8232006 7297997 35345702 7534143 5257553 7024003 8232006 7297997 35345702 4322531 31023171 2119748 1919985 1910146 1884062 1941118 9775059 802254 67069 1945 368357 427584 1667209 46787970 394159450 0.66310 0.67520 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: ALL OTHER REVENUE - 2011 AMOUNT: $ 802,254. 2012 AMOUNT: $ 67,069. 2013 AMOUNT: $ 1,945. 2014 AMOUNT: $ 368,357. 2015 AMOUNT: $ 427,584. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X X 0 55034823 731297 -1180385 1339241 1169624 126793 51950077 53742553 911615 2538645 1008750 1015818 133422 55034823 48207071 277545 7275296 941550 939108 136701 53742553 42137284 1668437 6483389 1038736 925438 117865 48207071 44225689 602451 -674916 969265 926506 120169 42137284 0.20800 0.50800 0.28400 1 0 2178536 2178536 106218442 44590019 61628423 5159480 468513 4690967 35141632 22292318 12849314 9795681 7834518 1961163 83308403 OFFSHORE EQUITY FUND 1637297 F DOMESTIC EQUITY FUNDS 11484695 F 13121992 ASSETS HELD IN TRUST BY OTHERS 10973863 OTHER RECEIVABLES 28844 DUE FROM NTSI 301103 OTHER ASSETS 204395 DEFERRED FINANCING COSTS 523077 DUE FROM ALBRIGHT COLLEGE COSTA RICA 82160 12113442 EARLY RETIREMENT 420108 POST RETIREMENT HEALTHCARE BENEFITS 255429 OTHER LIABILITIES 182473 CHARITABLE GIFT ANNUITY CONTRACT LIAB 1140070 INTEREST RATE SWAP 1404631 PA ALTERNATIVE/CLEAN ENERGY PROGRAM 97115 3499826 X 53004893 -3286812 105614 -39655323 -42836521 95841414 -114696 -114696 95726718 53449959 105614 542962 648576 52801383 40365676 40365676 93167059 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 2016 AND 2015. 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) 423,186. STUDENT AID -38,770,444. TUITION DISCOUNT -392,640. PROGRAM EXPENSES NETTED AGAINST REVENUE -1,054,947. GAIN ON INTEREST RATE SWAPS 385,717. INVESTMENT EXPENSES -147,645. CHANGE IN VALUE OF ANNUITY CONTRACT AGREEMENTS -98,928. CONTRIBUTIONS ATTRIBUTABLE TO THE COSTA RICA CORPORATION 378. PART XI, LINE 4B - OTHER ADJUSTMENTS: RENTAL EXPENSES -73,331. FUNDRAISING EVENT EXPENSES -41,365. PART XII, LINE 2D - OTHER ADJUSTMENTS: EXPENSES ATTRIBUTABLE TO THE COSTA RICA CORPORATION 38,225. TOTAL EXPENSE OF SUBSIDIARY (NTSI) 390,041. RENTAL EXPENSES 73,331. FUNDRAISING EVENT EXPENSE 41,365. PART XII, LINE 4B - OTHER ADJUSTMENTS: STUDENT AID 38,770,444. TUITION DISCOUNT 392,640. PROGRAM EXPENSES NETTED AGAINST REVENUE 1,054,947. INVESTMENT EXPENSES 147,645. 0 1 0 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 ALBRIGHT COLLEGE HAS SATISFIED THE PUBLICITY REQUIREMENT OF IRS REVENUE PROCEDURE 75-50, 1975-2 C.B. 587 SECTION 4.03 BY COMPLYING WITH SECTION 4.02. THE COLLEGE DRAWS A SUBSTANTIAL PERCENTAGE OF ITS STUDENTS NATIONWIDE AND FROM A LARGE GEOGRAPHIC AREA AND ENROLLS MINORITY STUDENTS IN MEANINGFUL NUMBERS, AND, THEREFORE, MEETS THE CONDITION IN SECTION 4.03 - 2(B). THE COLLEGE'S NONDISCRIMINATORY POLICY IS CONTAINED IN ITS SOLICITATION LITERATURE. SCHEDULE E, PART I, LINE 6 ALBRIGHT COLLEGE PARTICIPATES IN STUDENT FINANCIAL AID ASSISTANCE PROGRAMS OF VARIOUS FEDERAL AND STATE GOVERNMENTAL AGENCIES. FEDERAL PROGRAMS INCLUDE THE PELL GRANT PROGRAM, SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANT (SEOG) PROGRAM, FEDERAL WORK STUDY (FWS) PROGRAM, AND THE PERKINS LOAN PROGRAM. STATE PROGRAMS FOR STUDENTS INCLUDE THE PENNSYLVANIA HIGHER EDUCATION ASSISTANCE AGENCY'S (PHEAA) GRANT PROGRAM AND THE PHEAA'S MATCHING FUNDS PROGRAMS WHICH SUPPLEMENT THE FWS PROGRAM. IN ADDITION, THE COLLEGE IS AWARDED SPONSORED RESEARCH AND OTHER PROJECT GRANTS BY VARIOUS LOCAL, STATE, AND FEDERAL AGENCIES, INCLUDING THE NATIONAL SCIENCE FOUNDATION (NSF) AND NATIONAL INSTITUTES OF HEALTH (NIH). GENERAL SUPPORT IS PROVIDED TO ALBRIGHT COLLEGE BY THE COMMONWEALTH OF PENNSYLVANIA UNDER ITS INSTITUTIONAL ASSISTANCE GRANT (IAG) PROGRAM TO PRIVATE COLLEGES AND UNIVERSITIES IN THE STATE. CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENTS 37846 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 INVESTMENTS 1637297 0 0 0 0 0 0 1675143 0 1675143 0 0 1 0 1 0 RED & WHITE GOLF 127001 94490 32511 36993 75 1449 2849 127001 94490 32511 36993 75 1449 2849 41366 -8855 1 TRUSTEE GRANTS 1418 18972608 N/A PRESIDENTIAL SCHOLARSHIP / DEAN 362 6078142 N/A JACOB ALBRIGHT SCHOLARSHIP 74 1648700 N/A EUGENE SHIRK SCHOLARSHIP 88 1627500 N/A ENDOWED SCHOLARSHIPS 284 1860993 N/A SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANTS 107 216633 N/A COLEMAN AWARDS 33 98000 N/A GENERAL SCHOLARSHIPS - PARTNERSHIP 147 148623 N/A OTHER SCHOLARSHIPS, GRANTS AND AWARDS 1021 7182525 N/A FOREIGN STUDENT SCHOLARSHIPS 26 485570 N/A TALENT AWARDS 39 147000 N/A FACULTY SCHOLARSHIP 26 107000 N/A ACADEMIC TALENT GRANT 43 143500 N/A ENROLLED SIBLING GRANT 29 14250 N/A COMMUNITY COLLEGE ACHIEVEMENT SCHOLARSHIP 32 39400 N/A PART I, LINE 2: THE COLLEGE MAKES GRANTS TO STUDENTS BASED UPON FINANCIAL NEED AND ACADEMIC EXCELLENCE. THE SELECTION OF GRANT RECIPIENTS IS MADE BASED UPON OBJECTIVE CRITERIA. NO ONE IS DISCRIMINATED AGAINST BASED UPON RACE, RELIGION, GENDER, ETHNIC BACKGROUND, AGE, HANDICAP OR ANY OTHER REASON. THE FINANCIAL AID DEPARTMENT ASSESSES AND MONITORS THE ELIGIBILITY AND AWARDING OF GRANTS AND SCHOLARSHIPS TO STUDENTS. IT IS ASSISTED IN ITS ON-GOING REVIEW BY THE RESOURCES OF THE REGISTRAR AND STUDENT ACCOUNTS DEPARTMENTS. X X X 1 1 X X X 0 1 0 0 0 0 0 1 0 LEX O MCMILLAN III PHD PRESIDENT 291120 0 43050 0 8281 0 89267 0 56780 0 488498 0 0 0 GINA-LYN CRANCE VP - STUDENT AFFAIRS 111456 0 0 0 12745 0 12027 0 14459 0 150687 0 0 0 GREGORY E EICHHORN VP - ENROLLMENT & ADMISSIO 153720 0 0 0 3722 0 16201 0 14459 0 188102 0 0 0 GREGORY FULMER VP-ADMIN & FINANCE 155616 0 0 0 300 0 16260 0 14459 0 186635 0 0 0 DEBORAH M MCCREERY VP FOR ADVANCEMENT 155102 0 0 0 1290 0 16057 0 12357 0 184806 0 0 0 PART I, LINE 1A HOUSING ALLOWANCE OR RESIDENCE FOR PERSONAL USE: A COLLEGE-OWNED HOUSE IS PROVIDED AS A RESIDENCE FOR THE PRESIDENT AND FAMILY. THE COLLEGE-OWNED HOUSING IS NOT TREATED AS A TAXABLE BENEFIT TO THE PRESIDENT SINCE IT MEETS THE DEFINITION OF 'QUALIFIED CAMPUS LODGING' UNDER INTERNAL REVENUE CODE SECTION 119(D). 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 WAS PROVIDED FOR THE PRESIDENT'S SPOUSE WHEN SUCH TRAVEL WAS NECESSARY FOR THE FURTHERANCE OF THE WORK OF THE COLLEGE. PART I, LINE 4B THE PRESIDENT PARTICIPATES IN A 457(F) DEFERRED COMPENSATION PLAN. THE COLLEGE CONTRIBUTED $61,400 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. A THE BERKS COUNTY MUNICIPAL AUTHORITY 236647630 2013-12-30 10000000 REFUND PRIOR ISSUE (12/30/10) 0 0 0 B THE BERKS COUNTY MUNICIPAL AUTHORITY 236647630 2013-12-30 10000000 REFUND PRIOR ISSUE 0 0 0 C THE BERKS COUNTY MUNICIPAL AUTHORITY 236647630 2013-12-30 5500000 REFUND PRIOR ISSUE (12/30/10) 0 0 0 D THE BERKS COUNTY MUNICIPAL AUTHORITY 236647630 2014-09-02 10000000 REFUND PRIOR ISSUE 0 0 0 A 10000000 10000000 2010 1 0 1 1 B 10000000 10000000 2010 1 0 1 1 C 5500000 5500000 2010 1 0 1 1 D 1300000 10000000 10000000 2014 1 0 1 1 A 0 0 1 1 0 0.00600 0.00000 0.00600 0 0 1 B 0 0 1 1 0 0.00600 0.00000 0.00600 0 0 1 C 0 0 1 1 0 0.00600 0.00000 0.00600 0 0 1 D 0 0 1 1 0 0.01000 0.00000 0.01000 0 0 1 A 0 0 1 1 1 0 0 0 1 B 0 0 1 1 1 0 0 0 1 C 0 0 1 1 1 0 0 0 1 D 0 0 1 1 1 0 0 0 1 A 1 B 1 C 1 D 1 DATE REBATE COMPUTATION PERFORMED ISSUER NAME: THE BERKS COUNTY MUNICIPAL AUTHORITY DATE THE REBATE COMPUTATION WAS PERFORMED: 06/30/2014 ISSUER NAME: THE BERKS COUNTY MUNICIPAL AUTHORITY DATE THE REBATE COMPUTATION WAS PERFORMED: 06/30/2014 ISSUER NAME: THE BERKS COUNTY MUNICIPAL AUTHORITY DATE THE REBATE COMPUTATION WAS PERFORMED: 06/30/2014 ISSUER NAME: THE BERKS COUNTY MUNICIPAL AUTHORITY DATE THE REBATE COMPUTATION WAS PERFORMED: 03/02/2015 SCHEDULE K, PART IV, LINES 2A-2C: 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. JOHN WEIDENHAMMER BOARD TRUSTEE AND OWNER OF WEIDENHAMMER SYSTEMS 204112 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 253516 FRIENDS OF ALBRIGHT (FOA) LLC, HOLDS OWNERSHIP OF AN ON-CAMPUS BUILDING, WHICH THE COLLEGE RENTS. ALL TRANSACTIONS ARE AT ARM'S LENGTH. 0 FORM 990, SCHEDULE L, PART IV: CURRENT TRUSTEES: JOHN P. WEIDENHAMMER CHRIST G. KRARAS JOHN K. ROESSNER IIIFORMER TRUSTEES: JOHN BAILEY JOHN D. SCHOLL X 9 431424 NYSE 1 0 1 0 PART I, COLUMN (B): AMOUNTS REPORTED IN PART 1 COLUMN B REPRESENT THE NUMBER OF CONTRIBUTORS RATHER THAN THE NUMBER OF ITEMS CONTRIBUTED. 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 11 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 AND APPROVAL. UPON APPROVAL, THE PUBLIC DISCLOSURE VERSION 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. FORM 990, PART VI, SECTION B, LINE 15 THE PRESIDENT IS THE COLLEGE'S CHIEF EXECUTIVE OFFICER. ARTICLE V OF THE BOARD OF TRUSTEES' BYLAWS REQUIRES THAT THE PRESIDENT, IN CONJUNCTION WITH THE COMPENSATION COMMITTEE, DEVELOP ANNUAL PERFORMANCE OBJECTIVES FOR APPROVAL BY THE FULL BOARD. IT FURTHER REQUIRES THAT THE COMPENSATION COMMITTEE DETERMINE THE PRESIDENT'S COMPENSATION BASED ON THE ANNUAL PERFORMANCE ASSESSMENT AND REPORT SUCH FOR APPROVAL BY THE BOARD OF TRUSTEES. THE COMPENSATION OF OTHER OFFICERS (VICE-PRESIDENTS) AND ANNUAL PERFORMANCE ASSESSMENTS ARE THE RESPONSIBILITY OF THE PRESIDENT. ON AN ANNUAL BASIS, THE COLLEGE USES THE SERVICES OF A CONSULTANT WITH EXPERTISE IN NOT-FOR-PROFIT EXECUTIVE COMPENSATION TO REVIEW EXECUTIVE COMPENSATION LEVELS THROUGH PARTICIPATION IN THEIR EXECUTIVE COMPENSATION SURVEY FOR COLLEGES AND UNIVERSITIES. THESE SURVEYS GIVE COMPARATIVE DATA, INCLUDING SALARIES FOR EXECUTIVE LEVEL OFFICIALS (PRESIDENT AND VICE-PRESIDENTS), TO ENSURE THAT COMPENSATION DOES NOT EXCEED FAIR MARKET VALUE. THE PRESIDENT, IN CONCERT WITH THE DIRECTOR OF HUMAN RESOURCES, IS RESPONSIBLE FOR REVIEWING AND ESTABLISHING ONGOING SALARY LEVELS FOR THE RESPECTIVE VICE-PRESIDENTS. MINUTES ARE KEPT OF ALL BOARD OF TRUSTEE MEETINGS AND COMMITTEE MEETINGS, INCLUDING THE COMPENSATION COMMITTEE. WITH REGARD TO VICE-PRESIDENTS, PERFORMANCE ASSESSMENTS AND EVALUATIONS ARE DOCUMENTED IN THEIR RESPECTIVE PERSONNEL FILES. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF ANNUITY CONTRACT AGREEMENTS -98,928. CHANGE IN VALUE OF INTEREST RATE SWAPS 385,717. FORM 990, PART VI, SECTION B, LINE 14: AN ADMINISTRATIVE COMMITTEE HAS BEEN ASSEMBLED AND HAS MET TO DEVELOP A DOCUMENT RETENTION AND DESTRUCTION POLICY. THE POLICY DEVELOPMENT AND IMPLEMENTATION PROCESSES ARE ONGOING. NORTH THIRTEENTH STREET INC 13TH BERN STREETS PO BOX 14988 READING PA 196124988 232362385 REAL ESTATE RENTAL PA ALBRIGHT COLLEGE C 423186 394890 1.00000 1 ALBRIGHT COLLEGE COSTA RICA SA EL PATIO BUILDING 3RD FLOOR SAN JOSE CS LAND INVESTMENT CS ALBRIGHT COLLEGE C 378 37846 1.00000 1 1 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 1 0 NORTH THIRTEENTH STREET INC K 286030 COST NORTH THIRTEENTH STREET INC O 94260 COST NORTH THIRTEENTH STREET INC P 63810 COST NORTH THIRTEENTH STREET INC Q 62355 COST NORTH THIRTEENTH STREET INC R 90000 COST NORTH THIRTEENTH STREET INC A 48000 COST