2015-09-14T10:25:25-07:00 2014-06-30 990 2013-07-01 240795460 MORAVIAN COLLEGE MORA 6108611300 1200 Main Street Bethlehem PA 18018 Mark F Reed VP of Finance & Administration 6108611312 2015-05-05 2013 2016-04-25 22:37:26Z Mark Reed 1200 Main Street Bethlehem PA 18018 81840658 0 X www.moravian.edu X 1933 PA To operate an independent, residential and coeducational liberal arts College and Theological Seminary affiliated with the Moravian Church in America. Moravian College delivers a values-based liberal arts education in a caring environment. Located in Bethlehem, Pennsylvania, it traces its founding to 1742 and is recognized as America's sixth-oldest college. 52 44 1528 865 -11372 -17992 6288483 4602487 58594405 58591789 4275759 4393036 4698173 3806644 73856820 71393956 21799011 22882361 0 0 31606203 29992582 0 0 1297480 17694881 17792633 71100095 70667576 2756725 726380 213026167 221594667 48286492 46466170 164739675 175128497 Moravian College's revolutionary experience is focused on creating a community of learners where students work closely with professors to develop the skills and habits of the liberal arts and integrate them into professional careers through experiential learning. By focusing on the skills of communication, analysis, teamwork and leadership, ethical reasoning, global awareness, and critical thinking, Moravian College prepares students with the transferable skills needed for any career. A Moravian education is unique in its use of history, skill of reflectivity, and its encouragement to be producers. The founders of Moravian College were producers as well as educators, so a Moravian education focuses on the production of new knowledge, music, literature, art, and technology. Students put all these skills into practice through undergraduate research, study abroad, internships, co-ops, certificates, and first professional graduate degrees. 0 0 54011601 22654514 52360293 Liberal Arts College: Moravian College operates an independent, residential liberal arts college affiliated with the Moravian Church in America. The College offers undergraduate and graduate programs to prepare men and women for advanced study and continuous learning, individual achievement, and leadership and service for the common good. Moravian College and its Theological Seminary educate a diverse group of students from a variety of socioeconomic, religious, racial and ethnic backgrounds. During the year ended June 30, 2014, the College had enrollment of 1452 full-time equivalent students in the undergraduate program, and 79 full-time equivalent students in the graduate programs. 1549974 220944 734337 Theological Seminary: Moravian College's Theological Seminary, rooted in the Moravian faith tradition, offers graduate degrees and continuing education programs to prepare men and women for effective leadership and service in congregational, counseling, teaching and other ministries. Average full-time equivalent enrollment for the year ending June 30, 2014 was 44. 6498626 0 9323387 Auxiliary Enterprises: Moravian College provides textbooks, educational materials and supplies through its bookstore, living accommodations through its dormitories and provides nutritious meals through its food services to the students listed Part III, line 4a and 4b. 0 0 0 62060201 1 1 0 0 0 0 0 1 0 1 1 1 0 0 1 0 1 0 1 0 1 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 0 0 0 1 2780 0 1 1528 1 1 1 1 BD CJ 0 0 0 1 1 1 1 0 0 0 X 52 44 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 PA X Amy Johnson 6108611304 1200 Main Street Bethlehem PA 18018 Dr Bryon L Grigsby President/College & Seminary Trustee 40 X X 116708 0 13126 Frank L Crouch VP/Dean Theo Sem/Sem Trustee 40 X X 85402 0 59078 Dr Daniel Jasper College Trustee 40 X 60906 0 4283 The Rev Dr Deborah Appler Seminary Trustee 40 X 60378 0 49923 Mr Curtis H Barnette College Trustee 1.5 X 0 0 0 Rev David E Bennett College/Seminary Trustee 1.5 X 0 0 0 Mr DeLight E Breidegam College Trustee 1.5 X 0 0 0 Mrs Concetta Burke College Trustee 1.5 X 0 0 0 The Rev Dr Elizabeth D Miller College/Seminary Trustee 1.5 X 0 0 0 Mr Gregory Christensen College Trustee 1.5 X 0 0 0 Mrs Lyn Trodahl Chynoweth College/Seminary Trustee 1.5 X 0 0 0 Mr Brian J Corvino College Trustee 1.5 X 0 0 0 Mr Michael M Ellis College Trustee 1.5 X 0 0 0 Mrs Genevieve Gee College Trustee 1.5 X 0 0 0 The Rev David B Guthrie College/Seminary Trustee 1.5 X 0 0 0 Mrs Deborah McKinnon College Trustee 1.5 X 0 0 0 Ms Sally Breidegam Miksiewicz College Trustee 1.5 X 0 0 0 Dr Parry J Miller College Trustee 1.5 X 0 0 0 Mrs Betsey Puth College Trustee 1.5 X 0 0 0 Mr Kenneth Rampolla College/Seminary Trustee 1.5 X 0 0 0 Mr A Reed Raymond College Trustee 1.5 X 0 0 0 Mr Frederick A Reinhard College Trustee 1.5 X 0 0 0 Mr Robert J Schoenen College Trustee 1.5 X 0 0 0 Dr Honnie P Spencer College Trustee 1.5 X 0 0 0 Dr Susan M Studds College Trustee 1.5 X 0 0 0 Mrs Nancy A Taylor College Trustee 1.5 X 0 0 0 Mr Walter F Williams College Trustee 1.5 X 0 0 0 Mr Stephen Black Seminary Trustee 1.5 X 0 0 0 The Rev Brian R Dixon Seminary Trustee 1.5 X 0 0 0 The Rev Dr Eileen Edwards Seminary Trustee 1.5 X 0 0 0 The Rev Dr Amy Gohdes-Luhman Seminary Trustee 1.5 X 0 0 0 The Rev Jane A Harberg Seminary Trustee 1.5 X 0 0 0 Mr J Robert Hess Seminary Trustee 1.5 X 0 0 0 Rev James T Hicks Seminary Trustee 1.5 X 0 0 0 The Honorable Wilma A Lewis Seminary Trustee 1.5 X 0 0 0 Dr Yvonne T Maddox Seminary Trustee 1.5 X 0 0 0 The Rev Dr Neil Routh Seminary Trustee 1.5 X 0 0 0 The Rev Dr Craig Troutman Seminary Trustee 1.5 X 0 0 0 Mrs Heather H Vacek Seminary Trustee 1.5 X 0 0 0 The Rev Dr Janice M Young Seminary Trustee 1.5 X 0 0 0 Mr Trevor Glanville College Trustee 1.5 X 536 0 0 Mr Bryan Peacock College Trustee 1.5 X 0 0 0 Ms Kelly Rindock College Trustee 1.5 X 0 0 0 Mr Ray S Bishop Jr College Trustee 1.5 X 0 0 0 The Rt Rev M Blair Couch Seminary Trustee 1.5 X 0 0 0 Patrick Perone College Trustee 1.5 X 0 0 0 Robert Flicker College Trustee 1.5 X 0 0 0 Dr Cecilia Fox College Trustee 40 X 76170 0 4465 Mr Andrew W Hart College Trustee 1.5 X 0 0 0 Mrs Karen Arencibia Seminary Trustee 1.5 X 0 0 0 Ms Susan Crawson Brizzolara Seminary Trustee 1.5 X 0 0 0 The Rev Margaret Wellert Seminary Trustee 1.5 X 0 0 0 Gordon Weil VP Academic Affairs/Dean 40 X 141246 0 19086 Gary A Carney VP Institutional Advancement 40 X 143963 0 74754 Mark F Reed VP for Finance & Administration 40 X 127364 0 10348 Anne M Reid Treasurer 32.5 X 84327 0 37377 Ms Nicole Loyd VP Student Affairs/Dean of Students 40 X 101629 0 16157 Steven F Soba VP Enrollment 40 X 16054 0 1502 Douglas J Plotts Director of FMP&C 40 X 103953 0 15026 Jon B Conrad Chief HR Officer 40 X 100969 0 31948 James P West Professor Economics 40 X 107324 0 14331 Stephen McKinney Associate CIO 40 X 100526 0 57295 The Rev Dr Christopher M Thomforde President/College & Seminary Trustee 40 X 153775 0 37981 Kenneth T Huus VP Enrollment 40 X 121862 0 14603 1703092 0 461283 11 1 1 0 Sodexo Inc & Affiliates 4880 Paysphere Circle Chicago IL 60674 Contract food service management 247616 St Luke's Hospital Health Center 153 Brodhead Road Bethlehem PA 18017 Health Center fee 140725 Mercer Investment Consulting PO Box 730182 Dallas TX 753730182 Investment consulting 131010 RuffaloCODY PO Box 3018 Cedar Rapids IA 52406 Enrollment management consulting 201337 4 0 0 56300 0 906078 3640109 24172 4602487 Tuition and Fees 611310 52809169 52809169 0 0 Dormitory Fees and Rentals 611310 5638765 5638765 0 0 Athletic Receipts 611310 44748 44748 0 0 Federal Admin Reimbursement 611310 42656 42656 0 0 Misc. Education Program Fees 611310 49926 49926 0 0 6525 0 6525 0 58591789 1978650 0 0 1978650 0 0 0 0 0 0 0 0 0 0 11204914 47041 8837569 0 2367345 47041 2414386 0 0 2414386 17420 56300 25632 -8212 0 -8212 5268123 1583501 3684622 3684622 0 0 Student Fees & Fines 611310 130594 130594 0 0 Miscellaneous 611310 17537 17537 0 0 Pass through entity income 900000 -17897 0 -17897 0 0 0 0 0 130234 71393956 62418017 -11372 4384824 0 0 22882361 22882361 0 0 0 0 1533814 607087 677351 249376 0 0 0 0 22339223 19280721 2356180 702322 1160173 1000077 122874 37222 3404602 2957957 405204 41441 1554770 1292803 202925 59042 463527 463527 59319 59319 73251 73251 185916 185916 149081 32775 116306 168237 123049 45188 1284365 926493 277094 80778 928355 255484 672871 4285832 3760586 525246 848704 769348 47883 31473 1369878 1111297 258581 4375482 4013816 361666 148721 59253 89468 3451965 2523567 832572 95826 70667576 62060201 7309895 1297480 6987 7596 24511581 11987693 2260551 1260335 1290725 1072410 0 0 0 0 1000000 1000000 27567 22973 2364835 3288059 161905782 72457519 80133339 89448263 57380805 68749101 26868852 34318815 1971886 1874689 0 0 15209039 8564733 213026167 221594667 4585416 4451304 0 0 1067556 1114515 38835463 37330769 0 0 0 0 0 0 0 0 3798057 3569582 48286492 46466170 X 76223062 77995837 27989104 34836443 60527509 62296217 164739675 175128497 213026167 221594667 X 726380 9612240 0 0 493 49709 X 1 X 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 2000 4218218 0 0 X X X 0 90483685 1746360 13237261 1621579 2650612 185914 101009201 84146237 2011902 8203490 1372978 2297544 207422 90483685 84070577 4072544 -44477 1374890 2370722 206795 84146237 67204747 8179246 12738786 1295782 2509399 247021 84070577 63031771 3524590 5196494 1314031 3052532 181545 67204747 0.18 0.82 0 1 0 0 5046523 5046523 0 103712883 39718433 63994450 0 0 0 0 0 28212005 21275057 6936948 0 24934371 11464029 13470342 89448263 Alternative Investments in Partnerships 34318815 F 34318815 Refundable federal loans 1271902 Annuity payable 1202080 Accumulated Post-retirement benefits 455739 Misc. Other Liabilities 639861 3569582 59603664 9612240 0 0 -22837121 -13224881 72828545 185916 -1620505 -1434589 71393956 49215335 0 0 0 1609133 1609133 47606202 185916 22875458 23061374 70667576 Schedule D, Part III, Line 4 Moravian College's permanent collection consists of art works in varying media (painting, prints, sculpture, digital, etc.) The collection, as well as other traveling exhibitions, are displayed in the Payne Gallery of the College. The Payne Gallery promotes the power of the arts to inspire and educate people and to enrich their lives. To this purpose, the Payne Gallery builds and maintains exemplary art collections and produces a wide variety of challenging and innovative exhibitions, and stimulating educational programs. As an integral part of the College, the Payne Gallery advances teaching and learning and is conceived as an extension of undergraduate students' education in art by exposing them to styles and techniques which they do not learn in the classroom. In addition, the Payne Gallery serves as a catalyst for creative engagement between the College and diverse local, state and national audiences. Schedule D, Part V, Line 4 The College's endowment consists of over 470 individual funds established for a variety of purposes. It includes both donor-restricted endowment funds and funds designated by the Board of Trustees to function as endowments. As required by authoritative guidance, net assets associated with endowment funds, including funds designated by the Board of Trustees to function as endowments, are classified and reported based on the existence or absence of donor-imposed restrictions. Schedule D, Part XI, Line 2d $22,875,458 Student Aid; $38,337 Change in value of Split interest agreements Schedule D, Part XI, Line 4b $1,583,501 Cost of goods sold; $25,632 for Special Fund-raising event costs; $11,372 UBIT Schedule D, Part XII, Line 2d $1,583,501 Cost of goods sold; $25,632 other fund raising events costs Schedule D, Part XII, Line 4b $22,875,458 Student aid 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 Schedule E, Part I, Line 3 The Prospectus, which lists Moravian College's non-discriminatory policy in detail, is given to every prospective student who inquires about admission. Schedule E, Part I, Line 6 The College has bonded indebtedness from Federal agencies for two dormitories. The College also receives National Science Foundation Grants, National Endowment for the Humanities Grants and a National Park Service Grant. Students attending the College participate in Federal Family Education Loan, Direct Student Loan, Perkins Loan, Pell Grant, Supplemental Educational Opportunity Grant, Federal work study programs, the Academic Competitiveness Grant and the National Smart Grant. Central America and the Caribbean 0 0 Investments 6459892 East Asia and the Pacific 0 0 Program Services Study abroad 35923 Europe (including Iceland and Greenland) 0 0 Program Services Study abroad and educational travel 273451 South America 0 0 Program Services Study abroad 8000 Sub-Saharan Africa 0 0 Program Services Study abroad 8000 0 0 6785266 1 0 0 1 1 0 Schedule F, Part I, Line 3 Column (f): Accounting Method - Accrual; Central America and the Caribbean - Investments of $6,459,892 and program services expenditures of $ Moravian College Blue & Grey Golf Classic 73720 56300 17420 0 2191 17412 750 0 5279 0 0 73720 56300 17420 0 2191 17412 750 0 5279 25632 -8212 1 Scholarships and grants for various students 1481 22875458 0 Schedule I, Part I, Line 2 Moravian College follows state and federal regulation in administering scholarship and grants as well as institutional policy when administering college funds. Moravian follows federal methodology to determine financial need for awarding federal funds and institutional methodology in awarding need-based institutional funds. All students applying for financial aid follow an annual application process completing the free application for federal student aid (FAFSA) and an institutional application. Files are reviewed for conflicting information and to complete required verification of application data. Moravian credits all financial aid awards directly to students' receivable account offsetting charges for tuition and fees. Changes in student enrollment status are reviewed to ensure that students remain eligible for financial aid and awards are adjusted as necessary. Any refunds from student accounts are done in compliance with state and federal regulations. X X X 1 1 X X X X 0 0 0 0 0 0 0 0 0 The Rev Dr Christopher M Thomforde President/College & Seminary Trustee 134287 0 0 0 19488 0 10296 0 27685 0 191756 0 0 0 Gary A Carney VP Institutional Advancement 141656 0 0 0 2307 0 10051 0 64703 0 218717 0 0 0 Gordon Weil VP Academic Affairs/Dean 140089 0 0 0 1157 0 9927 0 9159 0 160332 0 0 0 Stephen McKinney Associate CIO 100332 0 0 0 194 0 7267 0 50027 0 157820 0 0 0 Schedule J, Part I, Line 1a Schedule J, Part I, Line 1a - Moravian College provides housing to the President and the Academic Dean of the College. The houses are on campus and they are required to live there as a condition of employment. Accordingly, it is not taxable income. The College maintains a social club membership in the name of the President. The social club is used by the President and any personal charges are reimbursed to the college monthly. The college provides limited housekeeping services for the President and Academic Dean relative to college functions. Accordingly, the social club membership and limited housekeeping services are not included in taxable income. Schedule J, Part I, Line 3 Schedule J, Part I, Line 3 - These items are contemplated in an employment contract instead of through College policy. In the case of the President, outside counsel reviews the employment contract and the Board of Trustees approves it. In the case of the Academic Dean, outside counsel reviews the employment contract and the President approves it. A Pennsylvania Higher Education Facilities Authority 232243852 70917N6U3 2005-06-16 4632313 Refunding of callable 1994 tax-exempt bonds 0 0 0 B Northampton County Industrial Development Authority 231971754 66353LBJ5 2011-05-19 5000000 Renovations to existing campus facilities & construction of new fitness center 0 0 0 C Northampton County General Purpose Authority 231971754 66353LBQ9 2012-04-04 22522097 Refunding of callable 1999 and 2001 tax-exempt bonds 0 0 0 D Northampton General Purpose Authority 231971754 66353LCC9 2013-01-31 9999015 Renovations to existing Hall of Science academi facility. 0 0 0 A 0 0 4632313 11675 0 4494500 55694 70444 0 0 0 0 2005 1 0 1 1 B 0 0 5000000 0 0 0 62545 0 0 4937455 0 0 2012 0 0 1 1 C 0 0 22522097 1925000 0 20339804 0 257293 0 0 0 0 2012 0 0 1 1 D 0 0 9999015 171101 0 0 0 0 0 9827914 0 0 2013 0 0 1 1 A 0 0 0 0 0 0 0 0 0 1 B 0 0 0 0 0 0 0 0 0 1 C 0 0 0 0 0.0 0 0.0 0 0 1 D 0 0 0 0 0 0 0 0 0 1 A 0 0 0 1 0 0 0 0 1 B 0 0 1 0 0 0 0 0 1 C 0 0 0 1 0 0 0 0 1 D 0 0 1 0 0 0 0 0 1 A 1 B 1 C 1 D 1 Schedule K, Part IV, Line 2c-06/16/2005 4,632,313 Pennsylvania Higher Education Facilities Authority PHEFA 2005 bond arbitrage computation performed on 5/31/2014 Schedule K, Part IV, Line 2c-04/04/2012 22,522,097 Northampton County General Purpose Authority NCGPA 2012 bond arbitrage computation performed on 4/4/2014 Various Individuals Trustees 37867 Financial aid Financial assistance for attendance X 1 2000 Fair market value X 45 Fair market value X 11 121103 Fair market value X 1 383917 Fair market value X Event hosting/prizes 7 14558 Fair market value X Printing Services 1 7292 Fair market value X Travel Expenses 1 277 Fair market value 2 0 1 0 Form 990, Part VI, Section A, Line 2 Sally Breidegam Miksiewicz (College Trustee) and Delight E. Breidegam (Collge Trustee) have a family relationship. Michael Ellis (College Trustee) and Anne Reid (College Treasurer) have a business relationship. Form 990, Part VI, Section B, Line 11b Moravian College and Theological Seminary ("Institution") recognize that the governance role of its respective Board of Trustees includes the annual review of the Form 990. Accordingly, the Institution requires review of the Form 990 by the Boards prior to its filing on an annual basis. The review process includes the opportunity for Board members to provide feedback and requires documented responses from management that address Board member questions and concerns. The process, as outlined below, must be completed no later than the 15th day of the 11th month following the fiscal year ending period (assuming all extensions have been timely filed). With extensions filed, for a June 30th fiscal year end, the process must be completed and the 990 must be filed no later than May 15th of the following year. A Board resolution is not required in order for the Form 990 to be filed. Process: 1. Management shall be responsible for assembling, preparing and inputting all required information necessary for filling out the online Form 990. 2. Initial Draft shall be reviewed by management for accuracy. Accuracy of the Initial Draft shall be verified by management through: * Ensuring the accuracy of the content input * Ensuring that the content input is properly reflected in the Initial Draft 3. Any changes by management to the Initial Draft shall be incorporated where appropriate, and a revised draft ("Revised Draft") of the 990 will generated. 4. Management shall ensure that changes to the Initial Draft are properly reflected in the Revised Draft and that the Revised Draft, with the accuracy of the content now verified by management, is suitable for the Board to do a proper review. 5. In a timeframe sufficiently in advance of the due date, management will make the Revised Draft available for review to all members of the Audit Committee. Management will make the 990 available to the committee members via a secure Trustee website. 6. When the committee members have had an opportunity to sufficiently review the 990, the Audit Committee shall meet with management (in person or via teleconference) to discuss content of Revised Draft and present any recommended changes. Recommended changes will be incorporated into the return as appropriate, and a final draft ("Final Draft") of the return will be completed. Any questions or recommended changes by the Audit Committee shall be documented along with management responses ("Feedback"). 7. The Audit Committee shall make the Final Draft and Feedback available for review to all members of the Boards of the College and Seminary. The Final Draft will be made available to the Board members via a secure Trustee website. Board members shall be notified of the filing date at the time the Final Draft is posted to the Trustee website. Comments from Board members must be forwarded to management no less than 7 days prior to the filing date. Recommended changes will be incorporated into the return as appropriate, and a final return ("Final Return") will be generated Changes and comments will be documented and posted to the Trustee website. 8. Upon filing with the IRS, the Final Return shall be posted to the Trustee website. Form 990, Part VI, Section B, Line 12c Conflicts of interest forms for all employees are initially submitted to the Office of Human Resources. The Chief Human Resource Officer assesses whether action or monitoring is required, soliciting the opinion of the Vice President for Finance and Administration if necessary. All conflicts that are disclosed are reviewed by the Audit Committee at least annually. Conflict of interest forms for trustees are submitted to, and reviewed by, the office of the President. Persons are required to comply with the Policy and disclose and announce any conflict, and abstain from involvement in any decision where the conflict would be apply. Form 990, Part VI, Section B, Line 15 Compensation Philosophy Purpose: As delegated representatives of the Joint Executive Committee of the Board of Trustees of Moravian College and Moravian Theological Seminary, the Executive Compensation Sub-Committee ("Committee") has the power, duty and responsibility to determine the institution's Executive Compensation Philosophy and to establish such guidelines, rules and procedures as necessary for the proper and efficient administration of the Executive Compensation Program (ECP"). Further, the Committee acknowledges its responsibility to ensure that the program is appropriate in view of its mission, and tax-exempt status, and that its compensation and benefits are reasonable and not excessive. To that end, the Committee shall review and approve all forms of executive compensation and benefits in a manner necessary to qualify for the "Rebuttable Presumption of Reasonableness" under the intermediate sanctions rules of section 4958 of the Internal Revenue Code. Membership: The Committee shall be comprised of eight (8) members appointed by the Chair of the Joint Board. All 8 members shall all be members of the Joint Executive Committee. The Chairman of the Committee shall be the Chair of the College's Finance Committee (JointBoard Treasurere). The other members shall be: 1. The Chairman of the Board of the College; The Chairman of the Board of the Seminary; The Vice Chairman of the Board of the College; The Vice Chairman of the Seminary Board; The Co-chair of the Finance Committee; The Chair of the Committee on Investments; and The Chair of the Academic Committee of the College. 2. The president attends all meetings (except when the Committee meets in Executive Session) as a non-voting member. Executives: The Committee will determine the compensation of the President of the College. The executives whose compensation will be approved by the Committee currently consist of the 10 additional individuals in the following positions: - Vice President of Finance and Administration; - Vice President of Academic Affairs and Dean of the Faculty; - Vice President of Enrollment Management; - Vice President of Student Affairs and Dean of Students; - Vice President of Institutional Advancement; - Vice President and Dean of the Seminary; - Chief Human Resources Officer; - Chief Information Officer; - Chief Research Officer/Director of Special Projects, and -Director of Athletics & Recreation. From time to time the Committee in its discretion may amend this list to add/subtract individuals as determined by new recruitments, promotions, realignment in organizational structure and the like. Compensation Philosophy: The Committee is charged with the responsibility to establish and maintain a Compensation Package that will enable the institution to attract, retain, motivate and reward the Management Team Leadership needed to successfully accomplish the Institution's Mission and Strategic and Operational Goals. The following will provide the necessary guidelines to accomplish this objective: - A total compensation concept will be used employing a combination of base salary, benefits, deferred compensation and other perquisites as may be needed from time to time to maintain a competitive position with peer institutions. The committee also has the authority to implement other methods of compensation, e.g. variable pay, as may be necessary from time to time in order to attract and retain qualified executives. - Base Salary will be targeted as a minimum at the 50th percentile of similar positions for experienced professionals as reported annually by CUPA HR (College and University Professional Association for Human Resources) for baccalaureate institutions. Wage levels for the specific executives listed previously shall be established and maintained based upon general experience, specific performance, and overall contribution to the success of the institution. Annual reviews will take place prior to July 1 each year. - The overall goal shall be to maintain equity and fairness in compensation demonstrated through comparability with peers and through the consistent application of principles. - Deferred compensation and perquisite opportunities may be developed to optimiz Form 990, Part VI, Section C, Line 19 Financial Statements are available on the College website (www.moravian.edu). Governing documents and conflict of interest policies are made available upon request. Form 990, Part XI, Line 9 Form 990, Part XI, Line 9 - Change in value of split-interest agreements $38,337; Unrelated business income from 990T $11,372; Additional time was request for completion and governance review per stated procedures