2015-05-14T13:28:10-05:00 2014-06-30 410746749 CLIFTONLARSONALLEN LLP 610 W GERMANTOWN PIKE STE 400 PLYMOUTH MEETING PA 19462 990 2013-07-01 240795686 LAFAYETTE COLLEGE LAFA 6103305136 730 HIGH STREET 202 MARKLE HALL EASTON PA 180421779 STEPHEN A SCHAFER ASSOC VP FINANCE/BUS AFFAIRS 6103305136 2015-05-13 1 DAVID TRIMNERCPA P00444822 2156433900 2013 2016-02-25 16:41:14Z DR ALISON BYERLY PRESID 730 HIGH ST 316 MARKLE HALL EASTON PA 180421779 363414079 0 X WWW.LAFAYETTE.EDU X 1826 PA PROVISION OF EDUCATIONAL SERVICES AS AN ACCREDITED FOUR-YEAR UNDERGRADUATE COLLEGE. 34 33 2504 3512 -2825345 -3279624 23448552 39023899 132259608 137248290 56938067 15075499 1653152 1486239 214299379 192833927 36910622 38631895 0 0 77113834 79432840 93278 211405 4410000 65996416 67303920 180114150 185580060 34185229 7253867 1068647504 1206509667 273864169 313880241 794783335 892629426 X SEE SCHEDULE OIN AN ENVIRONMENT THAT FOSTERS THE FREE EXCHANGE OF IDEAS, LAFAYETTE COLLEGE SEEKS TO NURTURE THE INQUIRING MIND AND TO INTEGRATE INTELLECTUAL, SOCIAL, AND PERSONAL GROWTH. THE COLLEGE STRIVES TO DEVELOP STUDENTS' SKILLS OF CRITICAL THINKING, VERBAL COMMUNICATION, AND QUANTITATIVE REASONING AND THEIR CAPACITY FOR CREATIVE ENDEAVOR; IT ENCOURAGES STUDENTS TO EXAMINE THE TRADITIONS OF THEIR OWN CULTURE AND THOSE OF OTHERS; TO DEVELOP SYSTEMS OF VALUES THAT INCLUDE AN UNDERSTANDING OF PERSONAL, SOCIAL, AND PROFESSIONAL RESPONSIBILITY; AND TO REGARD EDUCATION AS AN INDISPENSABLE, LIFELONG PROCESS. 0 0 135957905 38631895 111220726 SEE SCHEDULE OLAFAYETTE COLLEGE IS A LIBERAL ARTS COLLEGE OFFERING BACHELOR OF ARTS AND BACHELOR OF SCIENCE DEGREES IN DISCIPLINES HOUSED IN FOUR BROAD DIVISIONS - HUMANITIES, ENGINEERING, NATURAL SCIENCES, AND SOCIAL SCIENCES. IN FALL 2013, THE 2,486 STUDENTS WHO WERE ENROLLED FULL TIME AT LAFAYETTE HAILED FROM 33 STATES AND 39 COUNTRIES - 92% OF WHOM LIVED ON CAMPUS. THE COLLEGE IS COMMITTED TO MEETING 100% OF DEMONSTRATED NEED FOR ITS FAMILIES, MOSTLY THROUGH GRANT-BASED SCHOLARSHIP, BUT ALSO THROUGH LOANS AND STUDENT EMPLOYMENT. APPROXIMATELY 50% OF LAFAYETTE STUDENTS RECEIVE FINANCIAL AID FROM THE COLLEGE. A LAFAYETTE EDUCATION INCLUDES AN INTIMATE ACADEMIC EXPERIENCE WITH A STUDENT-TO-FACULTY RATIO OF 10 TO 1. OF THE 221 FULL-TIME FACULTY, 215 HOLD A DOCTORATE OR OTHER TERMINAL DEGREE. 614 STUDENTS WERE AWARDED AN UNDERGRADUATE DEGREE IN THE SPRING OF 2014 AND OVER 90% OF STUDENTS WHO ENROLL AT LAFAYETTE GRADUATE AND 89% DO SO WITHIN FOUR YEARS. IN ADDITION, 95% OF THE COLLEGE'S GRADUATES ARE EMPLOYED, IN GRADUATE SCHOOL, OR HAVE SECURED INTERNSHIPS WITHIN 6 MONTHS AFTER GRADUATION. MORE THAN HALF OF THE STUDENTS STUDIED ABROAD AND NEARLY 80% HAVE PARTICIPATED IN COMMUNITY SERVICE AND VOLUNTEER WORK AS PART OF THEIR EDUCATIONAL EXPERIENCE AT LAFAYETTE COLLEGE. 22965052 26027564 SEE SCHEDULE OAS A RESIDENTIAL COLLEGE, LAFAYETTE STUDENTS COMPLEMENT THEIR ACADEMIC SCHOLARSHIP WITH MYRIAD OPPORTUNITIES TO CONNECT WITH ONE ANOTHER AND LEARN FROM THE LARGE WORLD REPRESENTED ON THE COLLEGE'S CAMPUS. APPROXIMATELY 92% OF THE COLLEGE'S FULL TIME STUDENTS LIVE ON CAMPUS. AS PART OF THEIR EXPERIENCE AT A RESIDENTIAL COLLEGE, LAFAYETTE STUDENTS ARE DEEPLY ENGAGED ACADEMICALLY AND HAVE SIGNIFICANT OPPORTUNITIES TO ENGAGE IN A VAST OFFERING OF EXTRACURRICULAR AND CO-CURRICULAR POSSIBILITIES. LAFAYETTE COLLEGE OFFERS MORE THAN 250 STUDENT CLUBS AND ORGANIZATIONS, 23 NCAA DIVISION 1 ATHLETIC PROGRAMS, AND NUMEROUS EXPERIENCES IN THE FINE ARTS AND PERFORMING ARTS ALL OF WHICH ARE COMPLEMENTED BY A STRONG STUDENT LIFE PROGRAM THAT ENHANCES THE LAFAYETTE EXPERIENCE BEYOND THE CLASSROOM. 158922957 1 1 0 0 0 0 0 1 0 1 1 1 0 0 1 1 1 0 1 0 1 0 0 1 1 0 0 1 1 1 1 0 0 0 0 0 0 1 0 1 0 1 1 0 0 0 0 0 0 0 1 3731 0 2504 1 1 1 0 0 0 0 1 1 1 1 0 0 0 X 34 33 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 PA X X STEPHEN SCHAFER 6103305136 730 HIGH ST 202 MARKLE HALL EASTON PA 180421779 X EDWARD W AHART CHAIR 5.00 0.00 X X 0 0 0 STEPHEN D PRYOR VICE CHAIR 5.00 0.00 X X 0 0 0 NANCY J KUENSTNER SECRETARY 5.00 0.00 X X 0 0 0 SUSAN B CARRAS EXECUTIVE COMMITTEE 3.00 0.00 X 0 0 0 JOSEPH T COX EXECUTIVE COMMITTEE 3.00 0.00 X 0 0 0 SAMUEL R CHAPIN EXECUTIVE COMMITTEE 3.00 0.00 X 0 0 0 HAROLD N KAMINE EXECUTIVE COMMITTEE 3.00 0.00 X 0 0 0 ELISABETH H MACDONALD EXECUTIVE COMMITTEE 3.00 0.00 X 0 0 0 BRUCE MAGGIN EXECUTIVE COMMITTEE 3.00 0.00 X 0 0 0 ANGEL L MENDEZ EXECUTIVE COMMITTEE 3.00 0.00 X 0 0 0 ROBERT E SELL EXECUTIVE COMMITTEE 3.00 0.00 X 0 0 0 J PETER SIMON EXECUTIVE COMMITTEE 3.00 0.00 X 0 0 0 CARL G ANDERSON JR TRUSTEE 2.00 0.00 X 0 0 0 MARY STENGEL AUSTEN TRUSTEE 2.00 0.00 X 0 0 0 JAMES R BIRLE JR TRUSTEE 2.00 0.00 X 0 0 0 LINDA ASSANTE CARRASCO TRUSTEE 2.00 0.00 X 0 0 0 JAMES R FISHER TRUSTEE 2.00 0.00 X 0 0 0 JOHN A FRY TRUSTEE 2.00 0.00 X 0 0 0 BRENT D GLASS TRUSTEE 2.00 0.00 X 0 0 0 ALAN R GRIFFITH EXECUTIVE COMMITTEE 3.00 0.00 X 0 0 0 MICHAEL C HEANEY TRUSTEE 2.00 0.00 X 0 0 0 LEO A HELMERS TRUSTEE 2.00 0.00 X 0 0 0 GEORGE M JENKINS EXECUTIVE COMMITTEE 3.00 0.00 X 0 0 0 BARBARA LEVY EXECUTIVE COMMITTEE 3.00 0.00 X 0 0 0 JUDSON C LINVILLE TRUSTEE 2.00 0.00 X 0 0 0 DOUGLAS R MARVIN TRUSTEE 2.00 0.00 X 0 0 0 PAUL F MCCURDY TRUSTEE 2.00 0.00 X 0 0 0 DONALD E MOREL JR TRUSTEE 2.00 0.00 X 0 0 0 JB REILLY TRUSTEE 2.00 0.00 X 0 0 0 S KENT ROCKWELL TRUSTEE 2.00 0.00 X 0 0 0 DAVID M ROTH EXECUTIVE COMMITTEE 3.00 0.00 X 0 0 0 ALMA R SCOTT-BUCZAK TRUSTEE 2.00 0.00 X 0 0 0 SYLVIA DANIELS WEAVER TRUSTEE 2.00 0.00 X 0 0 0 ALISON R BYERLY PRESIDENT AND TRUSTEE 50.00 0.00 X X 248981 0 54786 WENDY L HILL PROVOST 50.00 0.00 X 283101 0 64332 JAMES W DICKER VP OF DEVELOPMENT & COLLEGE RELATIONS 50.00 0.00 X 281130 0 44050 ANNETTE DIORIO VP OF CAMPUS LIFE/SR. DIVERSITY OFFICER 50.00 0.00 X 176426 0 26431 ROBERT J MASSA VP OF COMMUNICATIONS 50.00 0.00 X 230683 0 28898 LESLIE F MUHLFELDER VP OF HUMAN RES. & GENERAL COUNCIL 50.00 0.00 X 251574 0 43933 MITCHELL L WEIN VP OF FINANCE & ADMINISTRATION/TREASURER 50.00 0.00 X 340414 0 43297 JAMES F KRIVOSKI EXEC. ASST. TO PRESIDENT & ADMIN. SEC. 50.00 0.00 X 185195 0 26574 GREGORY V MACDONALD VP OF ENROLLMENT MANAGEMENT 50.00 0.00 X 171680 0 37542 JOHN L O'KEEFE VP & CHIEF INFORMATION OFFICER 50.00 0.00 X 168901 0 34394 KIMBERLY A SPANG ACTING VP OF DEVELOPMENT & COLLEGE RELATIONS 50.00 0.00 X 138292 0 31769 STEPHEN A SCHAFER ASSOC. VP/CONTROLLER 50.00 0.00 X 151393 0 21787 WILLIAM M CRAIN SIMON PROFESSOR OF ECONOMICS 45.00 0.00 X 240431 0 38191 JOHN KINCAID PROFESSOR/DIRECTOR OF MEYNER CENTER 45.00 0.00 X 204044 0 27811 BRUCE A MURPHY KIRBY PROFESSOR OF GOVERNMENT & LAW 45.00 0.00 X 204379 0 36188 FRANCIS B O'HANLON HEAD MEN'S BASKETBALL COACH 45.00 0.00 X 217430 0 125506 JEFFREY E GOLDSTEIN DIRECTOR OF HEALTH SERVICES 45.00 0.00 X 182656 0 32907 DANIEL H WEISS FORMER PRESIDENT 50.00 0.00 X 916413 0 45298 ANTHONY D NOVACO METZGAR PROFESSOR OF PHYSICS 0.00 0.00 X 216017 0 14833 THOMAS H BRUGGINK PROFESSOR OF ECONOMICS 0.00 0.00 X 182851 0 14221 4991991 0 792748 124 1 1 0 WHITING-TURNER CONTRACTING COMPANY PO BOX 17596 BALTIMORE MD 21297 CONSTRUCTION 7090597 BON APPETIT MANAGEMENT COMPANY PO BOX 417632 BOSTON MA 02241 DINING SERVICES 7067108 KSS ARCHITECTS LLP 337 WITHERSPOON STREET PRINCETON NJ 08542 CONSULTANT 656628 AESU 3922 HICKORY AVE BALTIMORE MD 21211 STUDY ABROAD - TRAVEL 606629 DALE ENSSLIN 11389 GRAVEL HILL RD BANGOR PA 18013 PAINTING/REMODELING 600529 63 21675 1539420 37462804 21248727 39023899 TUITION AND FEES 900099 108912224 108912224 AUXILIARY SERVICES 900099 26027564 26027564 ATHLETICS/SPORTS NETWORK 900099 1479934 1479934 JOHNS HOPKINS 900099 828568 828568 137248290 9074216 -2948657 12022873 25000 25000 706941 693493 13448 13448 13448 174006885 81106 167211316 875392 6795569 -794286 6001283 77380 5923903 67136 21675 33813 33323 33323 2027529 1766138 261391 45932 215459 MISCELLANEOUS 900099 691984 691984 FEES, FINES AND COST RECOVERY 900099 461093 461093 1153077 192833927 137248290 -2825345 19387083 209178 209178 38422717 38422717 3040848 523062 2113381 404405 55944064 42577142 11342916 2024006 4938026 3551965 1177882 208179 11435346 8190727 2757295 487324 4074556 2930863 971916 171777 550599 543916 6683 276624 276624 211405 211405 2377444 2377444 8974213 4729704 4154693 89816 154220 112174 42046 3345745 1929263 1191659 224823 1566103 1261057 305046 5861038 3084528 2776510 6938876 5761984 966551 210341 958951 498393 328953 131605 8886705 8103774 782931 13359847 13025416 334431 1084865 452570 625417 6878 AUXILIARY SERVICES 6722590 6722590 NON OFFICE SUPPLIES 2198533 1513974 684193 366 ALLOCATION OF INDIRECT 0 12340972 -12340972 4047567 2980904 834271 232392 185580060 158922957 22247103 4410000 11816 19354 63850703 69592216 12813437 11144447 1358300 2148476 4143702 3925703 634403 657421 2527035 2205831 460972026 201534720 255929229 259437306 298583350 305495288 424388959 537240818 0 0 4406570 14642807 1068647504 1206509667 10512474 11015121 2040610 2063221 6767295 5553526 169874011 194981647 0 0 0 0 3274211 3051548 0 0 81395568 97215178 273864169 313880241 X 246164007 265688346 263656272 323277068 284963056 303664012 794783335 892629426 1068647504 1206509667 X 7253867 98152733 -7560509 X 0 1 X 1 1 1 X 14985223 27250856 25317229 23448552 39023899 130025759 14985223 27250856 25317229 23448552 39023899 130025759 15357602 114668157 16869475 14937449 14924926 14834442 14782343 76348635 758830 36567 24687 33323 853407 1012671 1019373 1182655 1400584 1153077 5768360 212996161 631528145 0.53840 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 306925 3177754 X X X X 0 749031061 8166810 109777933 7064627 24722271 2377444 832811462 681536166 12952840 86688907 6912692 22709903 2524257 749031061 688870101 17780488 4972499 7228214 20714321 2144387 681536166 609602972 12832458 96467560 7952953 20300252 1779684 688870101 562015101 2968035 74861818 8142053 20624424 1475505 609602972 0.28470 0.36460 0.35070 1 0 4193852 4193852 329826529 129647669 200178860 48665993 18941150 29724843 62046966 52015240 10031726 16238686 930661 15308025 259437306 EQ. INSTIT. MUTUAL FUNDS 167912212 F EVENT DRIVEN/DISTRESSED 19504788 F LONG/SHORT EQUITY 54000179 F MULTI-STRAT./ABS. RETURN 149395736 F OPPORTUNISTIC FIXED INC. 72346808 F REAL ESTATE 17884586 F PRIVATE EQUITY 56196509 F 537240818 DEFERRED GIVING LIABILITY 30741232 POST RETIREMENT BENEFITS 50455000 COND. ASSET RETIREMENT OBLIGATION 1626579 INT. RATE HEDGE/SWAP AGREEMENTS 14392367 97215178 X 245347999 98152733 -45754661 52398072 192949927 2377444 -2493444 -116000 192833927 147501908 2493444 2493444 145008464 2377444 38194152 40571596 185580060 PART X, LINE 2: THE COLLEGE'S ACCOUNTING POLICY PROVIDES THAT A TAX EXPENSE/BENEFIT FROM AN UNCERTAIN TAX POSITION MAY BE RECOGNIZED WHEN IT IS MORE LIKELY THAN NOT THAT THE POSITION WILL BE SUSTAINED UPON EXAMINATION, INCLUDING RESOLUTIONS OF ANY RELATED APPEALS OR LITIGATION PROCESSES, BASED ON TECHNICAL MERITS. THE COLLEGE DOES NOT BELIEVE ITS FINANCIAL STATEMENTS INCLUDE UNCERTAIN TAX POSITIONS. THE COLLEGE BELIEVES IT IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS FOR THE YEARS PRIOR TO 2011. PART XI, LINE 2D - OTHER ADJUSTMENTS: SCHOLARSHIPS AND FELLOWSHIPS -38,194,152. CHANGE IN ANNUITIES PAYABLE ESTIMATE -3,984,168. CHANGE IN FV OF INTEREST RATE HEDGE/SWAP AGREEMENTS 13,659. CHANGE IN POST RETIREMENT BENEFIT COST -3,590,000. PART XI, LINE 4B - OTHER ADJUSTMENTS: FUNDRAISING REVENUES TO EXTENT EXPENDED -33,813. RENTAL REVENUES TO EXTENT EXPENDED -693,493. COLLEGE STORE (COGS) REVENUES TO EXTENT EXPENDED -1,766,138. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING REVENUES TO EXTENT EXPENDED 33,813. RENTAL REVENUES TO EXTENT EXPENDED 693,493. COLLEGE STORE (COGS) REVENUE TO EXTENT EXPENDED 1,766,138. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS AND FELLOWSHIPS 38,194,152. FORM 990, SCHEDULE D, PART III, LINE 4 AMONG THE RICH RESOURCES PROVIDED FOR STUDENTS IS A FINE, SMALL ART COLLECTION. THE COLLECTION INCLUDES EIGHTEENTH-THROUGH EARLY TWENTY-FIRST CENTURY AMERICAN AND EUROPEAN PAINTINGS, PRINTS, AND SCULPTURE; VINTAGE PHOTOGRAPHS; AND CONTEMPORARY AMERICAN SCULPTURE AND PAINTINGS. RECENT ACQUISITIONS BUILD ON THE STRENGTH OF THE EXISTING COLLECTIONS. THE MISSION STATEMENT FOR THE ART COLLECTIONS IS TO DOCUMENT, PRESERVE FOR FUTURE GENERATIONS, EXHIBIT, AND MAKE ACCESSIBLE THE COLLEGE'S ART COLLECTION TO THE STUDENTS, PUBLIC, AND SCHOLARS THROUGH EXHIBITIONS, PUBLICATIONS, REPRODUCTIONS, AND BY GRANTING ACCESS FOR RESEARCH PURPOSES. THE ADMINISTRATION OF THE ART COLLECTION COMPLIES WITH MUSEUM-FIELD WIDE STANDARDS OF CARE (SEE AMERICAN ALLIANCE OF MUSEUMS, AAM). STUDENTS HAVE CURATED EXHIBITIONS FROM THE COLLECTIONS; WHEN APPROPRIATE, ARTWORK IS LOANED TO OTHER INSTITUTIONS FOR EXHIBITIONS OF SCHOLARLY IMPORTANCE; IMAGES OF ARTWORK ARE READILY AVAILABLE FOR REPRODUCTIONS IN COMMERCIAL (EX: TEXT BOOKS) AND ACADEMIC-SCHOLARLY PUBLICATIONS (GENERALLY AT NO CHARGE OR A NOMINAL FEE). LAFAYETTE COLLEGE'S SPECIAL COLLECTIONS AND COLLEGE ARCHIVES THE LAFAYETTE COLLEGE'S SPECIAL COLLECTIONS AND COLLEGE ARCHIVES ARE HOME TO APPROXIMATELY 20,000 RARE BOOKS AND MORE THAN 2,000 CUBIC FEET OF MANUSCRIPTS AND ARCHIVES. THE HOLDINGS INCLUDE MANUSCRIPTS, RARE BOOK COLLECTIONS ON STEPHEN CRANE, ANGLING, MINIATURE BOOKS, AND ARTISTS' BOOKS; PAPERS OF FORMER TREASURY SECRETARY WILLIAM E. SIMON, NEW JERSEY GOVERNOR ROBERT E. MEYNER AND CONGRESSWOMAN HELEN MEYNER; THE EARLY RECORDS OF THE EASTON-BASED DIXIE CUP COMPANY AND THE PAPERS OF NOTED ILLUSTRATOR AND ARTIST HOWARD CHANDLER CHRISTY. THE COLLEGE ARCHIVES SERVES AS THE REPOSITORY FOR THE RECORDS OF LAFAYETTE COLLEGE, DATING BACK TO THE FOUNDING OF THE COLLEGE IN 1824-1826. IT IS CHARGED WITH RECORDS MANAGEMENT RESPONSIBILITIES FOR CURRENT COLLEGE RECORDS. THE ARCHIVES ALSO INCLUDE MORE THAN 50,000 PHOTOGRAPHS, AUDIO-VISUAL RECORDINGS, AND OBJECTS THAT DOCUMENT THE COLLEGE'S HISTORY. LAFAYETTE COLLEGE MINERAL COLLECTION THE DEPARTMENT OF GEOLOGY AND ENVIRONMENTAL GEOSCIENCE HOUSES THE COLLEGE'S MINERAL, GEM, AND FOSSIL COLLECTION THAT CONSISTS OF MORE THAN 10,000 SPECIMENS. THE COLLECTION WAS STARTED OVER A CENTURY AGO AND HAS GROWN THROUGH THE GIFT OF MANY PRIVATE COLLECTIONS. THE COLLECTION IS HOUSED IN VAN WICKLE HALL AND A LARGE NUMBER OF SPECIMENS ARE ON DISPLAY IN THE GEOLOGY MUSEUM IN THE CENTER OF VAN WICKLE HALL. THE COLLECTION IS MANAGED BY A PROFESSIONAL CURATOR WHO WORKS PART TIME TO CURATE THE COLLECTION AND CYCLE MINERALS FROM STORAGE THROUGH THE DISPLAY CASES. THE GROWTH AND MAINTENANCE OF THE COLLECTION IS PARTIALLY SUPPORTED BY AN ENDOWED FUND GIFTED BY JOHN POHL ALONG WITH THE DONATION OF HIS MINERAL COLLECTION IN 1952. THE COLLECTION HAS GROWN SIGNIFICANTLY DURING THE PAST 10 YEARS WITH DONATIONS TOTALING MORE THAN 1,000 SPECIMENS FROM SEVERAL DONORS. THE CENTERPIECE OF THE COLLECTION IS A TWO-TON PIECE OF ORBUCULAR GRANODIORITE QUARRIED IN WESTERN AUSTRALIA. THE GRANITOID FORMED IN A MAGMA CHAMBER 2.7 BILLION YEARS AGO AND THE ORBICULAR TEXTURE EARNED IT THE INFORMAL NAME OF THE LEOPARD ROCK. THE COLLECTION IS ENJOYED BY THE LAFAYETTE COMMUNITY, ELEMENTARY AND SECONDARY STUDENTS, YOUTH GROUPS, AND THE COMMUNITY AT LARGE. FORM 990, SCHEDULE D, PART V THE INTENT OF THE COLLEGE'S INVESTMENT GUIDELINES FOR ITS ENDOWMENT IS TO PROVIDE A PREDICTABLE STREAM OF FUNDING TO THE COLLEGE'S PROGRAMS FROM THE ENDOWMENT WHILE SEEKING TO MAINTAIN THE PURCHASING POWER OF THE ENDOWMENT ASSETS. THE COLLEGE'S ENDOWMENT CONSISTS OF APPROXIMATELY 1,300 ENDOWED FUNDS THAT ARE ESTABLISHED FOR A VARIETY OF PURPOSES. ENDOWMENT CONTRIBUTIONS INCLUDE GIFTS AS WELL AS TRANSFERS TO BOARD DESIGNATED FUNDS. EARNINGS ON ENDOWMENT FUNDS ARE DESIGNATED FOR SCHOLARSHIPS, PROFESSORSHIPS, CHAIRS, STUDENT LOANS, INSTRUCTIONAL PROGRAMS, LIBRARY PURCHASES, GENERAL OPERATIONS, AND OTHER DESIGNATED PURPOSES. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 SEE SUPPLEMENTAL PAGE FORM 990, SCHEDULE E, PART I, LINE 3 THE COLLEGE'S RACIAL NONDISCRIMINATORY POLICY IS PUBLICIZED WITHIN THE COLLEGE'S CATALOG WHICH CAN BE FOUND AT HTTP://CATALOG.LAFAYETTE.EDU/. IN ADDITION, THE COLLEGE HAS A SEPARATE DIVERSITY AND INCLUSIVENESS STATEMENT WHICH IS ALSO INCLUDED WITHIN THE COLLEGE'S CATALOG AT HTTP://CATALOG.LAFAYETTE.EDU/. FORM 990, SCHEDULE E, PART I, LINE 6A THE COLLEGE RECEIVES FINANCIAL AID AND ASSISTANCE FROM VARIOUS FEDERAL AND STATE GOVERNMENTAL AGENCIES UNDER THEIR RESPECTIVE STUDENT FINANCIAL AID ASSISTANCE PROGRAMS. FEDERAL GRANT PROGRAMS INCLUDE PELL GRANTS, DIRECT LOAN PROGRAMS, WORK-STUDY, THE PERKINS LOAN PROGRAM, AND FEDERAL SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANTS. STATE PROGRAMS INCLUDE THE PENNSYLVANIA HIGHER EDUCATION ASSISTANCE AGENCY. IN ADDITION, THE COLLEGE IS AWARDED RESEARCH GRANTS AND OTHER PROJECT GRANTS BY VARIOUS FEDERAL AND STATE AGENCIES. CENTRAL AMERICA/CARIBBEAN 0 0 INVESTMENTS 181512264 NORTH AMERICA 0 INVESTMENTS 78982181 SOUTH ASIA 0 0 INVESTMENTS 26539164 CENTRAL AMERICA/CARIBBEAN 0 0 PROGRAM SERVICES INSTRUCTION 67119 CENTRAL AMERICA/CARIBBEAN 0 0 PROGRAM SERVICES ACADEMIC SUPPORT 1463 CENTRAL AMERICA/CARIBBEAN 0 0 MANAGEMENT AND GENERAL INSTITUTIONAL SUPPORT 5311 EAST ASIA AND THE PACIFIC 0 0 PROGRAM SERVICES INSTRUCTION 130386 EAST ASIA AND THE PACIFIC 0 0 PROGRAM SERVICES STUDENT SERVICES 4912 EAST ASIA AND THE PACIFIC 0 0 MANAGEMENT AND GENERAL INSTITUTIONAL SUPPORT 5645 EUROPE 0 0 PROGRAM SERVICES INSTRUCTION 1293426 EUROPE 0 0 PROGRAM SERVICES ACADEMIC SUPPORT 53131 EUROPE 0 0 PROGRAM SERVICES RESEARCH 427 EUROPE 0 0 PROGRAM SERVICES STUDENT SERVICES 625 NORTH AMERICA 0 0 PROGRAM SERVICES INSTRUCTION 34634 NORTH AMERICA 0 0 PROGRAM SERVICES AUXILIARY SERVICES 4810 NORTH AMERICA 0 0 PROGRAM SERVICES RESEARCH 780 NORTH AMERICA 0 0 PROGRAM SERVICES STUDENT SERVICES 5329 NORTH AMERICA 0 0 MANAGEMENT AND GENERAL INSTITUTIONAL SUPPORT 27233 SOUTH ASIA 0 0 PROGRAM SERVICES INSTRUCTION 6853 SUB-SAHARAN AFRICA 0 0 PROGRAM SERVICES INSTRUCTION 120100 SOUTH AMERICA 0 0 PROGRAM SERVICES INSTRUCTION 53563 SOUTH AMERICA 0 0 MANAGEMENT AND GENERAL INSTITUTIONAL SUPPORT 2625 0 0 0 0 0 0 287242800 1609181 288851981 1 0 0 1 1 0 FORM 990, SCHEDULE F, PART I, LINE 1 THE AMOUNTS REPORTED ON PART I ARE IDENTIFIED ON A REASONABLE EFFORTS BASIS WHERE SUCH ACTIVITIES WERE NOT TRACKED SEPARATELY UNDER THE COLLEGE'S ACCOUNTING PROCEDURES. THESE REASONABLE EFFORTS INCLUDE REVIEWS OF FINANCIAL RECORDS AND INTERVIEWS WITH COLLEGE PERSONNEL. THE COLLEGE EXPENDS FUNDS OUTSIDE OF THE UNITED STATES ON VARIOUS STUDY ABROAD PROGRAMS. STUDENTS ENROLLED IN STUDY ABROAD PROGRAMS PAY THEIR TUITION AND FEES DIRECTLY TO LAFAYETTE COLLEGE AND THE COLLEGE REMITS PAYMENTS TO THE OVERSEAS PROGRAM ON BEHALF OF THE STUDENTS. ANY FINANCIAL AID AWARDED TO A STUDENT THAT MAY SUPPORT THE COST ASSOCIATED WITH THEIR STUDY ABROAD ACTIVITIES ARE CREDITS TO THE STUDENT'S ACCOUNT AT THE COLLEGE. X X X X X X X 1 PACESETTER ENTERPRISES INC 759 ROBLE ROAD ALLENTOWN PA 18109 MAIL AND EMAIL SOLICATIONS 0 147212 38140 109072 CBS INTERACTIVE INC 24670 NETWORK PLACE CHICAGO IL 606731246 AUCTION HOSTING 1 14328 2690 11638 STEEGE THOMSON COMMUNICATIONS 4606 SPRUCE STREET PHILADELPHIA PA 19139 CAMPAIGN MARKETING 0 0 98629 -98629 WASHBURN & MCGOLDRICK 950 NEW LOUDON ROAD STE 210 LATHAM NY 12110 CAMPAIGN CONSULTING 0 0 27306 -27306 PENTERA INC 8650 COMMERCA PARK PLACE SUITE G INDIANAPOLIS IN 46268 MAIL AND WEB MARKETING 0 0 16146 -16146 HARRIS CONNECT LLC 1400-A CROSSWAYS BLVD CHESAPEAKE VA 23320 ALUMNI AND DONOR WEB PRESENCE, EVENT AND DONATIONS PROCESSIN 0 0 13500 -13500 PUBLISHING CONCEPTS LP (PCI INC) 4835 LBJ FREEWAY SUITE 1100 DALLAS TX 75244 VOLUNTEER FUNDRAISING SOFTWARE 0 0 9334 -9334 PERFORMANCE ENHANCEMENT GROUP 4635 SOUTHWEST FWY STE 220 HOUSTON TX 77027 CONSTITUENT SURVEY 0 0 5659 -5659 161540 211404 -49864 FALL 13 MC GOLF 21929 8290 13639 0 2642 8158 4950 0 919 WOMEN'S FH AUCTION 45952 4795 41157 0 0 0 7373 0 0 2 20930 8590 12340 0 0 1382 0 0 8388 88811 21675 67136 2642 9540 12323 9307 33812 33324 FORM 990, SCHEDULE G, PART I, LINE 3 NONE - AS AN ACCREDITED, LICENSED INSTITUTION OF HIGHER EDUCATION, THE COLLEGE BELIEVES IT IS GENERALLY EXEMPT FROM THE REGISTRATION PROVISIONS THAT REQUIRE ORGANIZATIONS SOLICITING FUNDS FOR CHARITABLE PURPOSES TO REGISTER. 1 LEHIGH UNIVERSITY 27 MEMORIAL DRIVE WEST BETHLEHEM PA 18015 240795445 501(C)(3) 45768 NSF ARRA GRANT SUBCONTRACT GREATER EASTON DEVELOPMENT PARTNERSHIP 158B NORTHAMPTON STREET EASTON PA 18042 232660344 501(C)(3) 60000 ECONOMIC DEVELOPMENT GRANT UNIVERSITY OF PORTLAND 5000 N WILLIAMETTE BOULEVARD PORTLAND OR 97203 930401259 501(C)(3) 14517 NSF GRANT SUBCONTRACT UNIVERSITY OF MISSOURI 1000 W NIFONG BUILDING 7 SUITE 300 COLUMBIA MO 65211 436003859 501(C)(3) 88893 NEH GRANT SUBCONTRACT 4 INSTITUTIONAL SCHOLARSHIP AWARDS 1243 0 36679718 FMV CREDIT TO STUDENT'S ACCOUNT ACADEMIC PRIZES, AWARDS, FELLOWSHIPS, AND INTERNSHIPS 134 127758 PRIZES, AWARDS, FELLOWSHIPS, AND INTERNSHIPS FORM 990, SCHEDULE I, PART I, LINE 2 LAFAYETTE COLLEGE MAINTAINS A POLICY DEFINING ITS PROCEDURES FOR MONITORING THE USE OF SPONSORED FUNDS BY SUB-RECIPIENTS WHO ARE PERFORMING A PORTION OF A SPONSORED PROJECT EXTERNALLY AWARDED TO LAFAYETTE. THIS POLICY PROVIDES GUIDANCE TO ENSURE THAT SUB-RECIPIENTS CONDUCT THEIR PORTION OF SPONSORED PROJECTS IN COMPLIANCE WITH THE LAWS, REGULATIONS, TERMS AND CONDITIONS OF AWARDS AND SUB AWARDS, AND THAT REIMBURSEMENT COSTS INCURRED BY SUB-RECIPIENTS ARE ALLOWED. FORM 990, SCHEDULE I, PART III, LINE 1 THE COLLEGE CONSIDERS THE AWARDING OF FINANCIAL AID (PRIMARILY GRANTS, SCHOLARSHIPS, LOANS, AND WORK-STUDY) TO ITS STUDENTS, INCLUDING NON-RESIDENT ALIEN STUDENTS TO BE A US BASED ACTIVITY AS STUDENTS OF THE COLLEGE ARE DEEMED TO BE LIVING IN THE UNITED STATES THROUGHOUT THEIR COMPLETION OF THE COLLEGE'S ACADEMIC CURRICULUM AND SUPPORTING PROGRAMS. THE COLLEGE AWARDS SCHOLARSHIPS AND FELLOWSHIPS ON THE BASIS OF MERIT AND/OR FINANCIAL NEED. THE SELECTION CRITERIA IS BASED ON THE CALCULATED EXPECTED FAMILY CONTRIBUTION, WHICH IS DERIVED BY USING COMPLEX FORMULAS INVOLVING FAMILIES' INCOME, ASSETS, AND HOUSEHOLD SIZE INCLUDING, AMONG OTHER FACTORS, DEPENDENTS IN COLLEGE. THE COLLEGE'S FINANCIAL AID OFFICE ADMINISTERS AND MONITORS THESE AWARDS TO HELP ENSURE THAT THESE FUNDS ARE AWARDED TO ELIGIBLE RECIPIENTS IN ACCORDANCE WITH APPLICABLE FEDERAL, STATE, AND OTHER REQUIREMENTS, AS WELL AS RELEVANT INTERNAL COLLEGE POLICIES AND OPERATIONAL GUIDELINES. ACADEMIC PRIZES, AWARDS, FELLOWSHIPS, AND INTERNSHIPS ARE AWARDED BASED ON A REVIEW BY THE APPLICABLE ACADEMIC DEPARTMENT. ALL AWARDED SCHOLARSHIPS ARE CREDITED TO THE STUDENT'S ACCOUNT AT THE COLLEGE AND ARE APPLIED TO BILLED CHARGES. X X X X X X 1 1 X X X X 0 1 0 0 0 0 0 0 0 ALISON R BYERLY PRESIDENT AND TRUSTEE 208626 0 10000 0 30355 0 20187 0 34599 0 303767 0 0 0 WENDY L HILL PROVOST 271746 0 5000 0 6355 0 24225 0 40107 0 347433 0 0 0 JAMES W DICKER VP OF DEVELOPMENT & COLLEGE RELATION 268094 0 5000 0 8036 0 24225 0 19825 0 325180 0 0 0 ANNETTE DIORIO VP OF CAMPUS LIFE/SR. DIVERSITY OFFI 173311 0 2000 0 1115 0 16791 0 9640 0 202857 0 0 0 ROBERT J MASSA VP OF COMMUNICATIONS 224695 0 2500 0 3488 0 21435 0 7463 0 259581 0 0 0 LESLIE F MUHLFELDER VP OF HUMAN RES. & GENERAL COUNCIL 244074 0 5000 0 2500 0 23774 0 20159 0 295507 0 0 0 MITCHELL L WEIN VP OF FINANCE & ADMINISTRATION/TREAS 305968 0 5000 0 29446 0 24225 0 19072 0 383711 0 0 0 JAMES F KRIVOSKI EXEC. ASST. TO PRESIDENT & ADMIN. SE 178730 0 3500 0 2965 0 17261 0 9313 0 211769 0 0 0 GREGORY V MACDONALD VP OF ENROLLMENT MANAGEMENT 166852 0 3500 0 1328 0 16539 0 21003 0 209222 0 0 0 JOHN L O'KEEFE VP & CHIEF INFORMATION OFFICER 162752 0 5000 0 1149 0 15913 0 18481 0 203295 0 0 0 KIMBERLY A SPANG ACTING VP OF DEVELOPMENT & COLLEGE R 137132 0 0 0 1160 0 13479 0 18290 0 170061 0 0 0 STEPHEN A SCHAFER ASSOC. VP/CONTROLLER 148211 0 2000 0 1182 0 14226 0 7561 0 173180 0 0 0 WILLIAM M CRAIN SIMON PROFESSOR OF ECONOMICS 192527 0 0 0 47904 0 19026 0 19165 0 278622 0 0 0 JOHN KINCAID PROFESSOR/DIRECTOR OF MEYNER CENTER 201598 0 0 0 2446 0 19356 0 8455 0 231855 0 0 0 BRUCE A MURPHY KIRBY PROFESSOR OF GOVERNMENT & LAW 202209 0 0 0 2170 0 19539 0 16649 0 240567 0 0 0 FRANCIS B O'HANLON HEAD MEN'S BASKETBALL COACH 211574 0 0 0 5856 0 20543 0 104963 0 342936 0 0 0 JEFFREY E GOLDSTEIN DIRECTOR OF HEALTH SERVICES 179338 0 1000 0 2318 0 17386 0 15521 0 215563 0 0 0 DANIEL H WEISS FORMER PRESIDENT 247667 0 150000 0 518746 0 12113 0 33185 0 961711 0 0 0 ANTHONY D NOVACO METZGAR PROFESSOR OF PHYSICS 66758 0 0 0 149259 0 6451 0 8382 0 230850 0 0 0 THOMAS H BRUGGINK PROFESSOR OF ECONOMICS 59334 0 0 0 123517 0 5838 0 8383 0 197072 0 0 0 FORM 990, SCHEDULE J, PART I, LINE 1A FIRST CLASS TRAVEL - IN GENERAL, IT IS THE COLLEGE'S POLICY THAT FIRST CLASS TRAVEL IS NOT AUTHORIZED FOR EMPLOYEES TRAVELING ON COLLEGE BUSINESS. HOWEVER, IN RARE CIRCUMSTANCES EXCEPTIONS MAY BE CONSIDERED FOR AN EXTRAORDINARY BUSINESS JUSTIFICATION AND WITH PRIOR APPROVAL. TRAVEL FOR COMPANIONS - IN ACCORDANCE WITH COLLEGE POLICY, IN LIMITED INSTANCES WITH PROPER DOCUMENTATION FOR THE BUSINESS PURPOSE FULFILLED BY THE COMPANION AND ANY REQUIRED PRIOR APPROVALS, THE COLLEGE WILL PAY FOR TRAVEL EXPENSES OF A COMPANION WHEN THE COMPANION TRAVEL IS 1) FOR A BONA FIDE BUSINESS PURPOSE, AND 2) IMPORTANT TO THE ACHIEVEMENT OF THE COLLEGE'S PURPOSES THAT REQUIRE THE TRAVEL OF THE EMPLOYEE AND COMPANION. TAX INDEMNIFICATION - DURING CALENDAR YEAR 2013 TAX EQUALIZATION PAYMENTS WERE MADE TO ALISON BYERLY (PRESIDENT) IN THE AMOUNT OF $9,530, DANIEL WEISS (PREVIOUS PRESIDENT) IN THE AMOUNT OF $6,385. THESE PAYMENTS ARE IN ACCORDANCE WITH EMPLOYMENT CONTRACTS AND/OR AUTHORIZATIONS FROM THE BOARD OF TRUSTEES AND ARE SPECIFIC TO THE PRESIDENT. HOUSING ALLOWANCE - AS PART OF THEIR EMPLOYMENT CONTRACT AND FOR THE CONVENIENCE OF THE COLLEGE, A COLLEGE-OWNED RESIDENCE WAS PROVIDED TO OFFICERS ALISON BYERLY (PRESIDENT), DANIEL WEISS (PREVIOUS PRESIDENT), AND WENDY HILL (PROVOST) DURING CALENDAR YEAR 2013. THIS HOUSING PROVIDED IS LOCATED ON COLLEGE PROPERTY AND IS PROVIDED IN CONJUNCTION WITH THESE OFFICERS' DUTIES. THE ESTIMATED ANNUAL VALUE OF THE HOUSING PROVIDED INCLUDED AS A NONTAXABLE BENEFIT IN THIS RETURN IN THE AMOUNT OF $23,227 FOR PRESIDENT BYERLY, $23,227 FOR PRESIDENT WEISS, AND $21,284 FOR PROVOST HILL. IT IS THE POLICY OF THE COLLEGE'S BOARD OF TRUSTEES THAT THE PRESIDENT RESIDE ON COLLEGE PROPERTY. THE PRESIDENT DETERMINES IF THE DUTIES OF OTHER OFFICERS REQUIRE THEM TO RESIDE ON COLLEGE PROPERTY. PERSONAL SERVICES - IN ACCORDANCE WITH THE POLICY OF THE COLLEGE'S BOARD OF TRUSTEES AND THE PRESIDENT'S EMPLOYMENT CONTRACT, THE PRESIDENT OF THE COLLEGE IS REQUIRED TO RESIDE ON COLLEGE PROPERTY. THE PRESIDENT'S HOUSE SERVES NOT ONLY AS A RESIDENCE, BUT ALSO AS A HOST LOCATION FOR MANY COLLEGE EVENTS AND THE COLLEGE PROVIDES STAFF TO MAINTAIN THE HOME. FOR CALENDAR YEAR 2013, A PORTION OF THE HOUSEKEEPER'S SALARY IN THE AMOUNT OF $8,771, WAS DETERMINED TO BE FOR PERSONAL SERVICES AND INCLUDED AS REPORTABLE COMPENSATION IN THIS RETURN ($4,318 TO PRESIDENT BYERLY AND $4,453 TO PRESIDENT WEISS). SOCIAL CLUB - THE COLLEGE MAINTAINS A SOCIAL CLUB MEMBERSHIP IN THE NAME OF THE PRESIDENT THAT IS PRIMARILY USED FOR BUSINESS PURPOSES, INCLUDING FUNDRAISING AND DONOR RELATION ACTIVITIES. FORM 990, SCHEDULE J, PART I, LINE 3 THE COMPENSATION COMMITTEE REVIEWS DATA OBTAINED FROM ITS EXTERNAL COMPENSATION CONSULTANT ON PRESIDENTIAL SALARIES FROM COMPARABLE INSTITUTIONS AND UPDATES OR ADJUSTS THAT DATA THROUGH SURVEYS AND OTHER AVAILABLE RESOURCES. IN ADDITION, AN ANNUAL PERFORMANCE REVIEW IS CONDUCTED. FORM 990, SCH J, PART I, LINE 4B SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN - THE COLLEGE PROVIDES A NONQUALIFIED, SECTION 457 RETIREMENT PLAN BENEFIT FOR HIGHLY COMPENSATED EMPLOYEES. FOR THE 2013 CALENDAR YEAR, THE COLLEGE CONTRIBUTIONS WERE $1,179 FOR WENDY HILL (PROVOST), $1,053 FOR JAMES DICKER (VICE PRESIDENT OF DEVELOPMENT AND COLLEGE RELATIONS), AND $5,285 FOR MITCHELL WEIN (VICE PRESIDENT FOR FINANCE AND ADMINISTRATION AND TREASURER). THESE CONTRIBUTIONS ARE REPORTED AS OTHER TAXABLE INCOME ON THIS RETURN. FORM 990, SCHEDULE J, PART II SPECIFIC TAXABLE COMPENSATION AND BENEFIT AGREEMENTS, IN ACCORDANCE WITH EMPLOYMENT CONTRACTS AND/OR AUTHORIZATIONS FROM THE BOARD OF TRUSTEES, ARE REPORTED IN THIS TAX RETURN FOR ALISON BYERLY (PRESIDENT) IN THE AMOUNT OF $12,636, MITCHELL WEIN (VICE PRESIDENT FOR FINANCE AND ADMINISTRATION AND TREASURER) IN THE AMOUNT OF $21,650, AND WILLIAM CRAIN (PROFESSOR) IN THE AMOUNT OF $43,300. A NORTHAMPTON CITY GPA (SERIES 2013 A) 233007498 66353LCF2 2013-11-26 35146792 REFUND SERIES 98A, 98B, VAR. CAP. PROJECTS 0 0 0 B NORTHAMPTON CITY GPA (SERIES 2010 A AND B) 233007498 66353LAY3 2010-04-30 26689800 REFUND SERIES 10A, VAR. CAP. PROJECTS 0 0 0 C NORTHAMPTON CITY GPA (SERIES 2008) 233007498 66353LAK3 2008-08-21 98638389 REFUND SERIES 97, 04, 04 2ND, 97 CAP. NOTES 0 0 0 D NORTHAMPTON CITY GPA (SERIES 2006) 233007498 66353LAG2 2006-09-14 15100000 CONSTRUCT./RENOV. ATHLETIC FACILITIES 0 0 0 A 35146792 343701 24552650 10250441 1 0 0 1 B 26690421 4400421 22290000 2013 1 0 1 1 C 1000000 98650001 697 6314304 92335000 2011 1 0 1 1 D 4100000 15312344 108121 10709 15193514 2007 0 0 1 1 A 0 0 0 0 0 0 1 B 0 0 0 0 0 0 1 C 0 0 1 1 0 0.01000 0.01000 0 0 1 D 0 0 0 0 0 0 1 A 0 1 0 1 0 0 0 0 1 B 0 0 0 1 1 0 0 0 1 C 0 0 0 1 0 0 0 0 1 D 0 0 0 1 1 0 0 0 1 A 1 B 1 C 1 D 1 DATE REBATE COMPUTATION PERFORMED ISSUER NAME: NORTHAMPTON CITY GPA (SERIES 2010 A AND B) DATE THE REBATE COMPUTATION WAS PERFORMED: 02/13/2015 ISSUER NAME: NORTHAMPTON CITY GPA (SERIES 2008) DATE THE REBATE COMPUTATION WAS PERFORMED: 06/25/2012 ISSUER NAME: NORTHAMPTON CITY GPA (SERIES 2006) DATE THE REBATE COMPUTATION WAS PERFORMED: 03/13/2015 ISSUER NAME: NORTHAMPTON CITY GPA (SERIES 2003) DATE THE REBATE COMPUTATION WAS PERFORMED: 03/16/2015 FORM 990, SCHEDULE K, PART I, SUPPLEMENTAL INFORMATION NORTHAMPTON COUNTY GPA (SERIES 2010 A AND B) IS ONE INTEGRATED STRUCTURE AS REPORTED ON IRS FORM 8038. IT IS COMPRISED OF TWO SUB-COMPONENTS, SERIES 2010 A WHICH HAD PROCEEDS OF $22,289,379 FOR THE PURPOSE OF RETIRING THE SERIES 2000 BONDS WAS STRUCTURED AS VARIABLE RATE DEBT AND SERIES 2010B WHICH HAD PROCEEDS OF $4,400,421 FOR VARIOUS CAPITAL PROJECTS AND IMPROVEMENTS WAS STRUCTURED AS FIXED RATE DEBT. FORM 990, SCHEDULE K, PART III THE COLLEGE CONTRACTS WITH A FOR-PROFIT DINING SERVICE PROVIDER FOR THE MANAGEMENT OF THE DINING OPERATIONS ON CAMPUS. THE CURRENT CONTRACT IS STRUCTURED SUCH THAT THE PREPONDERANCE OF FEES IS BASED ON A PER CAPITA CHARGE. A SMALL PORTION OF THE PROCEEDS OF THE SERIES 2008 BONDS WERE USED TO RENOVATE ONE OF THE SEVEN DINING VENUES ON CAMPUS, BUT GIVEN ITS NATURE, THE COLLEGE, WITH THE ADVICE OF COUNSEL, BELIEVES THE CONTRACT WITH THE FOR-PROFIT DINING SERVICE PROVIDER IS A QUALIFIED MANAGEMENT CONTRACT AND NOT SUBJECT TO PRIVATE USE. FORM 990, SCH. K, PART IV, LINE 3, USE OF INTEREST RATE HEDGING CONTRACTS THE COLLEGE HAS THREE INTEREST RATE HEDGING CONTRACTS IN PLACE THAT WERE ENTERED INTO TO MITIGATE THE COLLEGE'S INTEREST RATE RISK INHERENT WITH VARIABLE RATE STRUCTURED DEBT. EACH OF THE HEDGING CONTRACTS REQUIRES THE COLLEGE TO PAY A FIXED RATE IN RETURN FOR A VARIABLE RATE THAT IS EXPECTED TO APPROXIMATE THE INTEREST RATE PAYABLE ON THE COLLEGE'S DEBT IN TYPICAL MARKETS. NONE OF THE INTEREST RATE HEDGING CONTRACTS ARE STRUCTURED AS "QUALIFIED" HEDGES ON THE RECORDS OF THE ISSUING AUTHORITY FOR ANY OF THE COLLEGE'S DEBT ISSUANCES, WHICH IS THE NORTHAMPTON COUNTY GENERAL PURPOSE AUTHORITY. AS SUCH, NONE OF THE INTEREST RATE HEDGES ARE INTEGRATED FOR TAX PURPOSES WITH A PARTICULAR DEBT ISSUANCE OF THE COLLEGE. A NORTHAMPTON CITY GPA (SERIES 2003) 233007498 66353LAA5 2003-04-02 10190000 REFUND SERIES 93 0 0 0 A 10190000 10190000 2003 0 0 1 1 A 0 0 0 0 0 0 1 A 0 0 0 1 1 0 0 0 1 A 1 MICHAEL C HEANEY TRUSTEE 8500 SEE PART V - SCHOLARSHIP FOR FAMILY MEMBER SEE PART V - INDEPENDENT ARM'S LENGTH SCHOLARSHIP AWARD MITCHELL WEIN VP FOR FINANCE AND ADMISTRATION 22072 SEE PART V - TUITION GRANT FOR FAMILY MEMBER SEE PART V - TUITION REMISSION PROVIDED AS EMPLOYEE BENEFIT ALISON BYERLY PRESIDENT 22072 SEE PART V - TUITION GRANT FOR FAMILY MEMBER SEE PART V - TUITION REMISSION PROVIDED AS EMPLOYEE BENEFIT JAMES KRIVOSKI EXECUTIVE ASSISTANT TO THE PRESIDENT & ADMIN.SEC. 43966 SPOUSE (DONNA KRIVOSKI) IS EMPLOYED BY THE COLLEGE AS THE DIRECTOR OF PARENT COMMUNICATIONS 0 X 10 30000 APPRAISAL X 6656 APPRAISAL X 205 20324608 HIGH/LOW OF DAILY MV X 200 276925 APPRAISAL X PROMISSORY NO 1 500000 FACE VALUE X ARTWORK 24 90301 APPRAISAL X AUCTIONS/EVEN 21 16525 APPRAISAL X GOODS/SERVICE 60 2572 PAID RECEIPT X EQUIPMENT 4 1140 APPRAISAL 7 0 1 1 PART I, LINE 32B: TO THE EXTENT THAT THE COLLEGE RECEIVES DONATIONS OF SECURITIES, ITS INVESTMENT BROKER/MANAGER IS TASKED WITH SELLING THOSE SECURITIES. FORM 990, PART VI, SECTION A, LINE 2 GOVERNANCE, MANAGEMENT, AND DISCLOSURE - GOVERNING BODY AND MANAGEMENT TRUSTEES FISHER, HEANEY AND KAMINE HAD A BUSINESS RELATIONSHIP IN FY 2013-14. TRUSTEE ARHART'S LAW FIRM PROVIDED LEGAL ADVICE TO VARIOUS TRUSTEES AT AN ARM'S LENGTH BASIS. FORM 990, PART VI, SECTION B, LINE 11 GOVERNANCE, MANAGEMENT, AND DISCLOSURE - POLICIES PROCESS FOR THE REVIEW OF FORM 990 THE FORM 990 RETURN IS PREPARED BY THE COLLEGE'S ADMINISTRATION AND FORWARDED TO THE COLLEGE'S OUTSIDE TAX ADVISOR FOR REVIEW AND INPUT INTO ELECTRONIC MEDIA. THE COLLEGE WILL DISCUSS THE RETURN WITH ITS OUTSIDE TAX ADVISOR AND MAKE REVISIONS PRIOR TO THE PRINTING OF A FIRST DRAFT RETURN FOR REVIEW AND COMMENT BY THE AUDIT COMMITTEE. THE AUDIT COMMITTEE REVIEWS THIS DRAFT RETURN, RECOMMENDS CHANGES AND SUCH CHANGES ARE THEN INCORPORATED INTO A REVISED DRAFT RETURN. THE REVISED DRAFT RETURN IS REVIEWED AGAIN BY THE AUDIT COMMITTEE TO ENSURE THE COMMITTEE'S REQUESTED CHANGES WERE APPROPRIATELY MADE. THE ADMINISTRATION WILL THEN DISTRIBUTE THE REVISED DRAFT RETURN TO THE FULL BOARD OF TRUSTEES WITH A REQUEST FOR REVIEW AND COMMENT. IF ANY QUESTIONS OR COMMENTS ARE RECEIVED FROM A BOARD MEMBER AND THE RETURN IS REVISED AS A RESULT, THE ADMINISTRATION WILL ADVISE THE FULL BOARD OF THE CHANGE BEFORE FILING OF THE FINAL RETURN. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY FOR TRUSTEES, BOARD MEMBERS, OFFICERS OF THE ADMINISTRATION, AND OTHER KEY EMPLOYEES OF LAFAYETTE COLLEGE WAS APPROVED BY THE COLLEGE'S BOARD OF TRUSTEES ON OCTOBER 27, 1979. THIS POLICY IS MAILED TO ALL APPLICABLE INDIVIDUALS ANNUALLY FOR THEIR REVIEW AND DISCLOSURE OF BOTH ANY EXCEPTIONS TO THE POLICY AND ANY AFFILIATIONS THAT THE POLICY REQUIRES DISCLOSURE FOR. ALL DISCLOSURE REQUIRED UNDER THIS POLICY MUST BE DIRECTED IN WRITING TO THE SECRETARY OF THE BOARD OF TRUSTEES WHO SHALL BE RESPONSIBLE FOR THE ADMINISTRATION OF THIS POLICY. MATTERS UNDER THIS POLICY CONCERNING TRUSTEES SHALL BE INITIALLY REPORTED TO THE CHAIRPERSON OF THE BOARD AND THE COLLEGE'S GENERAL COUNSEL FOR APPROPRIATE ACTION. MATTERS CONCERNING STAFF WILL BE REFERRED INITIALLY TO THE COLLEGE'S GENERAL COUNSEL AND THEN TO THE PRESIDENT. INFORMATION DISCLOSED TO THE SECRETARY (OR CHAIRPERSON OR PRESIDENT) WILL BE HELD IN CONFIDENCE EXCEPT WHEN THE BEST INTEREST OF THE INSTITUTION IS SERVED BY DISCLOSING THE INFORMATION TO THE BOARD IN EXECUTIVE SESSION. FORM 990, PART VI, SECTION B, LINE 15 THE PROCESS FOR DETERMINING THE COMPENSATION OF THE PRESIDENT AND OFFICERS OF THE ADMINISTRATION: THE COMPENSATION OF THE PRESIDENT IS ESTABLISHED BY THE COMPENSATION COMMITEE WHICH REVIEWS DATA OBTAINED FROM ITS EXTERNAL COMPENSATION CONSULTANT ON PRESIDENTIAL SALARIES FROM COMPARABLE INSTITUTIONS AND UPDATES OR ADJUSTS THAT DATA THROUGH SURVEYS AND OTHER AVAILABLE RESOURCES. IN ADDITION, AN ANNUAL PERFORMANCE REVIEW IS CONDUCTED. THE COMPENSATION FOR OFFICERS OF THE COLLEGE'S ADMINISTRATION (VICE-PRESIDENTS), ARE RECOMMENDED BY THE PRESIDENT BASED ON A WRITTEN ANNUAL PERFORMANCE SUMMARY. THE COMPENSATION FOR EACH OFFICER IS THEN ESTABLISHED BY THE COMPENSATION COMMITTEE WHICH REVIEWS DATA OBTAINED FROM ITS EXTERNAL COMPENSATION CONSULTANT ON SALARIES OF COMPARABLE OFFICERS FROM COMPARABLE INSTITUTIONS AND ADJUSTS THAT DATA THROUGH SURVEYS AND OTHER AVAILABLE RESOURCES. FORM 990, PART VI, SECTION C, LINE 19 THE COLLEGE'S AUDITED FINANCIAL STATEMENTS ARE MADE AVAILABLE ON THE COLLEGE'S PUBLIC WEBSITE. THE COLLEGE DOES NOT MAKE ITS GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY AVAILABLE TO THE PUBLIC ON ITS WEBSITE. REQUESTS FOR COPIES OF FORMS 990 AND 990T ARE PROVIDED PROMPTLY UPON REQUEST IN EITHER HARD-COPY OR ELECTRONIC FORMS, AND THE COLLEGE DOES NOT CHARGE FOR EITHER COPYING OR MAILING COSTS. AFTER THE FILING OF THE FORM 990 RETURN FOR THE SAME TAX YEAR, THE COLLEGE WILL PROVIDE A COPY TO GUIDESTAR FOR PUBLICATION ON THEIR WEBSITE. FORM 990, PART VI, SECTION B, LINE 14 GOVERNANCE, MANAGEMENT, AND DISCLOSURE - POLICIES RECORDS RETENTION POLICY THE CONTROLLER'S OFFICE MAINTAINS A WRITTEN POLICY FOR THE RETENTION OF FINANCIAL DOCUMENTS INCLUDING GENERAL LEDGER REPORTS, FINANCIAL STATEMENTS, FIXED ASSET REPORTS, ACCOUNTS PAYABLE, ACCOUNTS RECEIVABLE, BANKING, PAYROLL, AND TAX FILINGS. OTHER CAMPUS OFFICES MAY ALSO HAVE SPECIFIC POLICIES FOR THE RETENTION OF THEIR DOCUMENTS THAT WOULD BE CONSISTENT WITH GUIDELINES ESTABLISHED FOR OUTSIDE REGULATORY AGENCIES AND THE OFFICE'S NEEDS. THERE IS NO FORMAL OVERALL CAMPUS-WIDE RECORDS RETENTION POLICY. FORM 990, PART VII, SECTION A, COLUMN (B) AVERAGE HOURS PER WEEK COMPENSATION OF OFFICERS, DIRECTORS, TRUSTEES, KEY EMPLOYEES, HIGHEST COMPENSATED EMPLOYEES, AND INDEPENDENT CONTRACTORS THE HOURS REPORTED ARE UNIFORMLY APPLIED BASED ON THE POSITION AND IT IS RECOGNIZED THAT THE ACTUAL HOURS MAY BE GREATER THAN NOTED FOR EACH INDIVIDUAL. FORM 990, PART XI, LINE 9: CHANGE IN ESTIMATE ANNUITIES PAYABLE -3,984,168. CHANGE IN FV OF HEDGE/SWAPS 13,659. CHANGE IN POSTRETIREMENT BENEFITS -3,590,000.