2016-04-14T15:11:26-05:00 2015-05-31 390859910 BAKER TILLY VIRCHOW KRAUSE LLP 1650 MARKET STREET SUITE 4500 PHILADELPHIA PA 19103 990 2014-06-01 231352615 ALBRIGHT COLLEGE ALBR 6109217749 13TH BERN STREETS PO BOX 15234 READING PA 196125234 GREGORY L FULMER VP ADMIN & FINANCIAL SERVICES 6109217749 2016-04-13 1 JULIUS C GREEN CPA JD P00350393 2159720701 2014 2016-08-17 19:52:53Z LEX O MCMILLAN III 13TH BERN STREETS PO BOX 15234 READING PA 196125234 102077292 0 X WWW.ALBRIGHT.EDU X 1928 PA PROMOTING A COMMITMENT TO LIFELONG LEARNING WITH A FOUNDATION IN THE LIBERAL ARTS & SCIENCES. 36 31 1420 126 962356 0 7024003 8232006 81068146 84060112 3067479 2636641 1522458 2182783 92682086 97111542 32735157 36280021 0 0 26507273 29362376 11053 0 1988153 28233683 25835528 87487166 91477925 5194920 5633617 169717068 173004736 57564558 54453012 112152510 118551724 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 78833424 36280021 84330171 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 13:1 STUDENT-FACULTY RATIO AND THE SINCERE FRIENDLINESS AND WARMTH OF A CLOSE-KNIT COMMUNITY.APPROXIMATELY 1,745 FULL TIME STUDENTS ATTEND ALBRIGHT; THEY REPRESENT TWENTY-FOUR STATES AND NINETEEN COUNTRIES. SEVENTY-TWO PERCENT OF THE STUDENTS LIVE ON CAMPUS. INTERCOLLEGIATE, INTRAMURAL AND CLUB SPORTS ARE A MAJOR PART OF CO-CURRICULAR LIFE AT ALBRIGHT WITH 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 159 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 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.THIRTY-THREE 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 THIRTEEN MEMBERS, SEVENTY-NINE 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. 78833424 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 3663 0 1 1420 1 1 1 1 CJ GK 0 0 0 1 1 0 0 0 0 X 36 31 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 ROBERT A BITTENBENDER TRUSTEE 1.00 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 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 BRENT J HURLEY TRUSTEE 1.00 X 0 0 0 ROBIN M HYNICKA 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 322348 0 156917 DAVID A MINK TRUSTEE 1.00 X 0 0 0 P SUE PERROTTY 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 KAREN A RIGHTMIRE TRUSTEE 1.00 X 0 0 0 JEANNETTE C ROBERTS PHD MPH TRUSTEE 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 D SCHOLL 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 SCOTT R WOLFE CPA TRUSTEE 1.00 X 0 0 0 IVAN L TORRES TRUSTEE (RES. SEPT. 2014) 1.00 X 0 0 0 ANDREA E CHAPDELAINE PROVOST AND VP - ACADEMIC AFFAIRS 40.00 X 157458 0 30604 GINA-LYN CRANCE VP - STUDENT AFFAIRS 40.00 X 124458 0 24889 GREGORY E EICHHORN VP - ENROLLMENT & ADMISSIONS 40.00 X 161950 0 30803 GREGORY FULMER VP-ADMIN & FINANCE (BEG. 3/14) 35.00 5.00 X 125678 0 23711 DEBORAH M MCCREERY VP FOR ADVANCEMENT (BEG. 3/14) 40.00 X 124247 0 21876 WILLIAM W WOOD VP-ADMIN & FINANCE (UNTIL 3/14) 35.00 5.00 X 47047 0 7452 DANIEL J FALABELLA CHAIR & PROF OF COMP SCIENCE 40.00 X 151688 0 16301 JEROME LEE DIRECTOR OF OPERATIONS- ADP OF AZ 40.00 X 108885 0 13508 RASHMI RADHAKRISHNAN CHIEF TECHNOLOGY OFFICER 40.00 X 119667 0 17180 JOHN T SHORT JR ASSOCIATE VP FOR DEVELOPMENT 40.00 X 121177 0 26779 RODNEY E WARFIELD PROFESSOR OF EDUCATION 40.00 X 110043 0 16597 1674646 0 386617 15 0 1 0 ARAMARK CORPORATION 1101 MARKET STREET PHILADELPHIA PA 19107 FOOD SERVICE PROVIDER 4167824 BURKEY CONSTRUCTION 506 MORGANTOWN ROAD READING PA 19611 CONSTRUCTION SERVICES 3598782 WEIDENHAMMER SYSTEMS 935 BERKSHIRE BLVD WYOMISSING PA 196101229 INFO TECH SERVICES 748229 ROYALL & COMPANY 1920 EAST PARHAM ROAD RICHMOND VA 232282206 RECRUITING SERVICE 581709 ML CONSTRUCTION 504 ELM AVENUE READING PA 19605 CONSTRUCTION SERVICES 508176 22 25035 1031497 7175474 3328584 8232006 TUITION AND FEES 611710 71150483 71150483 AUX ENT - ROOM AND BOARD 721310 12264314 12264314 AUX ENT - OTHER PROGRAM INCOME 900099 645315 645315 84060112 1296949 1296949 446037 446037 206836 73180 133656 133656 48510 85146 6209745 900 4870953 0 1338792 900 1339692 1339692 72445 25035 21617 50828 50828 CONFERENCES 812900 498208 498208 ATHLETICS AND AQUATICS PROG 900099 240886 9399 231487 FOOD SERVICE SALES 900099 103957 103957 709211 260660 184151 264400 1552262 97111542 84330171 962356 3587009 36280021 36280021 1303423 380772 715159 207492 20595485 14993289 4694292 907904 1522916 1119290 339349 64277 4331569 3101540 1023154 206875 1608983 1136000 392599 80384 89647 89647 156057 156057 1532790 666877 809689 56224 603775 479315 124460 1056506 637185 323830 95491 279948 192044 79904 8000 1713 1713 3995945 3899070 80411 16464 838583 614989 147797 75797 57120 25877 31243 1411032 1308591 85031 17410 5705635 5291406 343830 70399 769577 719437 41619 8521 FOOD SERVICES 3312719 3312719 BOOKS, PERIODICALS, ETC 1115639 1113874 1134 631 EMPL./STUDENT EXPENSES 829765 256403 523618 49744 RECRUITMENT 716143 716143 3362934 2586869 653525 122540 91477925 78833424 10656348 1988153 3850 23116 5724801 8794941 3950993 3722123 703399 595027 5494272 6146888 260824 148506 678373 673283 154967885 69937179 84112606 85030706 41227203 41428228 14093817 14453459 13466930 11988459 169717068 173004736 8845975 8052155 2450969 2490313 4780926 4460166 37145776 35500000 4340912 3950378 57564558 54453012 X 47551939 51355859 28570306 30431085 36030265 36764780 112152510 118551724 169717068 173004736 X 5633617 587880 177717 X 0 1 X 1 1 1 X 11490021 7534143 5257553 7024003 8232006 39537726 11490021 7534143 5257553 7024003 8232006 39537726 4891076 34646650 2093076 2119748 1919985 1910146 1884062 9927017 608150 802254 67069 1945 368357 1847775 51312518 378122908 0.67520 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X 0 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 35697844 1647252 8832208 776300 1038117 137197 44225690 0.21200 0.46900 0.31900 1 0 2178536 2178536 105574613 41936551 63638062 4970331 198424 4771907 33065959 20155316 12910643 9178446 7646888 1531558 85030706 OFFSHORE EQUITY FUND 1748620 F DOMESTIC EQUITY FUNDS 12704839 F 14453459 ASSETS HELD IN TRUST BY OTHERS 10951519 DEPOSITS HELD BY BOND TRUSTEES 1 OTHER RECEIVABLES 44268 DUE FROM NTSI 337531 OTHER ASSETS 94511 DEFERRED FINANCING COSTS 560629 11988459 EARLY RETIREMENT 442757 POST RETIREMENT HEALTHCARE BENEFITS 287242 OTHER LIABILITIES 121073 CHARITABLE GIFT ANNUITY CONTRACT LIAB 1197360 INTEREST RATE SWAP 1790348 PA ALTERNATIVE/CLEAN ENERGY PROGRAM 111598 3950378 X 61054385 587880 60650 -36792064 -36143534 97197919 -86377 -86377 97111542 54443168 60650 530228 590878 53852290 37625635 37625635 91477925 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 2015 AND 2014. THE COLLEGE'S FEDERAL EXEMPT ORGANIZATION BUSINESS INCOME TAX RETURNS FOR TAX YEARS BEGINNING JUNE 1, 2013, 2012 AND 2011 REMAIN SUBJECT TO EXAMINATION BY THE IRS. 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) 410,234. STUDENT AID -36,280,021. TUITION DISCOUNT -322,132. PROGRAM EXPENSES NETTED AGAINST REVENUE -867,425. GAIN ON INTEREST RATE SWAPS 309,580. INVESTMENT EXPENSES -156,057. CHANGE IN VALUE OF ANNUITY CONTRACT AGREEMENTS -131,863. CONTRIBUTIONS ATTRIBUTABLE TO THE COSTA RICA CORPORATION 245,620. PART XI, LINE 4B - OTHER ADJUSTMENTS: RENTAL EXPENSES -73,180. FUNDRAISING EVENT EXPENSES -21,617. NET ASSETS RELEASED FROM RESTRICTION NETTED AGAINST PROGRAM SERVICE EXPENSES 8,420. PART XII, LINE 2D - OTHER ADJUSTMENTS: EXPENSES ATTRIBUTABLE TO THE COSTA RICA CORPORATION 36,985. TOTAL EXPENSE OF SUBSIDIARY (NTSI) 406,866. RENTAL EXPENSES 73,180. FUNDRAISING EVENT EXPENSE 21,617. NET ASSETS RELEASED FROM RESTRICTION NETTED AGAINST PROGRAM SERVICE EXPENSES -8,420. PART XII, LINE 4B - OTHER ADJUSTMENTS: STUDENT AID 36,280,021. TUITION DISCOUNT 322,132. PROGRAM EXPENSES NETTED AGAINST REVENUE 867,425. INVESTMENT EXPENSES 156,057. 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). 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. EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 INVESTMENTS 1748620 0 0 0 0 0 0 1748620 0 1748620 0 0 1 0 1 0 RED & WHITE GOLF 97480 25035 72445 2065 7742 8371 3439 97480 25035 72445 2065 7742 8371 3439 21617 50828 1 TRUSTEE GRANTS 1379 16286384 N/A PRESIDENTIAL SCHOLARSHIP / DEAN 346 5573000 N/A JACOB ALBRIGHT SCHOLARSHIP 86 1852500 N/A EUGENE SHIRK SCHOLARSHIP 87 1567200 N/A ENDOWED SCHOLARSHIPS 260 1441089 N/A SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANTS 594 1046346 N/A COLEMAN AWARDS 76 267000 N/A GENERAL SCHOLARSHIPS - PARTNERSHIP 234 173926 N/A OTHER SCHOLARSHIPS, GRANTS AND AWARDS 1052 7372695 N/A FOREIGN STUDENT SCHOLARSHIPS 23 289225 N/A TALENT AWARDS 30 108000 N/A FACULTY SCHOLARSHIP 22 75000 N/A ACADEMIC TALENT GRANT 45 142000 N/A ENROLLED SIBLING GRANT 32 14750 N/A COMMUNITY COLLEGE ACHIEVEMENT SCHOLARSHIP 232 50000 N/A PELL GRANT 57 20906 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 284033 0 34300 0 4015 0 99103 0 57814 0 479265 0 0 0 ANDREA E CHAPDELAINE PROVOST AND VP - ACADEMIC AFFAIRS 157458 0 0 0 0 0 15746 0 14858 0 188062 0 0 0 GREGORY E EICHHORN VP - ENROLLMENT & ADMISSIONS 159450 0 0 0 2500 0 15945 0 14858 0 192753 0 0 0 DANIEL J FALABELLA CHAIR & PROF OF COMP SCIENCE 92030 0 0 0 59658 0 9203 0 7098 0 167989 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. THERE WERE NO DISTRIBUTIONS FROM THE PLAN IN THE CURRENT YEAR. 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 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 235303 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 245596 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 III JOHN D. SCHOLLFORMER TRUSTEES: JOHN BAILEY JAMES STOCKER X 9 2136371 NYSE X 1 1102442 APPRAISAL 0 0 1 1 PART I, COLUMN (B): AMOUNTS REPORTED IN PART 1 COLUMN B REPRESENT THE NUMBER OF CONTRIBUTORS RATHER THAN THE NUMBER OF ITEMS CONTRIBUTED. PART I, LINE 32B: THE ORGANIZATION USES ITS INVESTMENT BROKER TO TAKE RECEIPT OF STOCK CONTRIBUTIONS. THE COLLEGE DIRECTS THE INVESTMENT BROKER TO IMMEDIATELY LIQUIDATE ALL SECURITIES AND INVEST THE PROCEEDS ACCORDING TO THE COLLEGE'S INVESTMENT STRATEGY. FORM 990, PART VI, SECTION A, LINE 2 FOUR 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. IN FISCAL YEAR 2015, ARAMARK WAS 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, FORMALLY HILDEBRANDT LEARNING CENTERS, LLC, 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 AS 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 UTILIZES 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, 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. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF ANNUITY CONTRACT AGREEMENTS -131,863. CHANGE IN VALUE OF INTEREST RATE SWAPS 309,580. NORTH THIRTEENTH STREET INC 13TH BERN STREETS PO BOX 14988 READING PA 196124988 232362385 REAL ESTATE RENTAL PA ALBRIGHT COLLEGE C 410234 479548 1.00000 1 ALBRIGHT COLLEGE COSTA RICA SA EL PATIO BUILDING 3RD FLOOR SAN JOSE CS LAND INVESTMENT CS ALBRIGHT COLLEGE C 208435 244080 1.00000 1 1 0 0 1 0 0 0 0 0 1 1 1 0 0 1 1 1 1 0 NORTH THIRTEENTH STREET INC D 84980 LOAN BALANCE - FMV NORTH THIRTEENTH STREET INC A 48510 FMV NORTH THIRTEENTH STREET INC K 259602 FMV NORTH THIRTEENTH STREET INC O 94260 FMV NORTH THIRTEENTH STREET INC P 102227 FMV NORTH THIRTEENTH STREET INC R 158403 FMV