2014-04-14T14:31:04-05:00 2013-05-31 232932984 PARENTEBEARD LLC 1650 MARKET STREET SUITE 4500 PHILADELPHIA PA 19103 990 2012-06-01 231352615 ALBRIGHT COLLEGE ALBR 6109217749 13TH BERN STREETS PO BOX 15234 READING PA 196125234 GREGORY L FULMER 6109217749 2014-04-14 1 JULIUS C GREEN CPA JD P00350393 2159720701 2012 2016-03-07 17:11:31Z LEX O MCMILLAN III 13TH BERN STREETS PO BOX 15234 READING PA 196125234 81891051 0 X WWW.ALBRIGHT.EDU X 1928 PA PROMOTING A COMMITMENT TO LIFELONG LEARNING WITH A FOUNDATION IN THE LIBERAL ARTS & SCIENCES. 34 28 1495 200 838957 0 7534143 5257553 72056496 71896402 2889044 2017836 2585051 1594898 85064734 80766689 25677302 26197710 0 0 29730303 26529052 35363 18967 1887070 23577133 26385106 79020101 79130835 6044633 1635854 154297145 162389154 62192750 61676754 92104395 100712400 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 66939997 26197710 71979107 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 1,653 FULL TIME STUDENTS ATTEND ALBRIGHT; THEY REPRESENT TWENTY STATES AND NINETEEN 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 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 157 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 THIRTY AREAS OF CONCENTRATION (MAJORS). IN ADDITION, TWENTY-TWO OTHER COMBINABLE AREAS OF CONCENTRATION AND PROGRAMS (SIMILAR TO MINORS) ARE OFFERED.ALBRIGHT'S PRE-PROFESSIONAL PROGRAMS ARE HIGHLY REGARDED. STATISTICS INDICATE THAT UPON GRADUATION APPROXIMATELY TWENTY-EIGHT 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.SIXTY-FIVE STUDENTS PARTICIPATE IN EITHER THE MASTER OF ARTS OR MASTER OF SCIENCE DEGREES IN EDUCATION WITH CONCENTRATIONS 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, EIGHTY-ONE 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. 66939997 1 1 0 0 0 0 0 1 0 1 1 1 0 1 1 1 0 1 1 0 1 0 0 1 1 0 0 0 1 1 1 0 0 0 0 0 0 0 1 0 1 1 0 0 0 0 1 1 1 0 0 1 3597 0 1 1495 1 1 1 1 CJ GK 0 0 0 1 1 0 0 0 0 X 34 28 1 1 0 0 0 0 0 1 1 0 0 0 1 1 1 1 0 1 1 0 PA X RICK MELCHER 6109217749 13TH BERN STREETS PO BOX 15234 READING PA 196125234 JOHN T BAILY 1.00 X X 0 0 0 WC JACK MILLER 1.00 X X 0 0 0 KAREN A RIGHTMIRE 1.00 X X 0 0 0 ROBERT A BITTENBENDER 1.00 X 0 0 0 JOAN DEVELIN COLEY PHD 1.00 X 0 0 0 TERRENCE R CURTIN 1.00 X 0 0 0 NANETTE F CUTRONA 1.00 X 0 0 0 RICHARD A EHST 1.00 X 0 0 0 MARK T GALLAGHER ESQ 1.00 X 0 0 0 KATHLEEN J GRANT MD 1.00 X 0 0 0 JEFFREY W GRIFFITHS 1.00 X 0 0 0 KATHLEEN C HITTNER MD 1.00 X 0 0 0 BRENT J HURLEY 1.00 X 0 0 0 ROBIN M HYNICKA 1.00 X 0 0 0 JEFFREY J JOYCE 1.00 X 0 0 0 CHRIS G KRARAS 1.00 X 0 0 0 JUNE T MAIER 1.00 X 0 0 0 LORINA L MARSHALL-BLAKE 1.00 X 0 0 0 ROSS D MILLER 1.00 X 0 0 0 GEORGE E MINNICH 1.00 X 0 0 0 P SUE PERROTTY 1.00 X 0 0 0 CHARLES J PHILLIPS ESQ 1.00 X 0 0 0 JOHN K ROESSNER III 1.00 X 0 0 0 JOHN D SCHOLL 1.00 X 0 0 0 SHERRY K SIDHU 1.00 X 0 0 0 IVAN L TORRES 1.00 X 0 0 0 JOHN P WEIDENHAMMER 1.00 X 0 0 0 SCOTT R WOLFE CPA 1.00 X 0 0 0 DOUGLAS N YOCOM 1.00 X 0 0 0 JAY A YODER CFA 1.00 X 0 0 0 LEX O MCMILLAN III PHD 39.50 0.50 X X 303943 0 138303 JOHN P MCALLISTER 1.00 X 0 0 0 DAVID A MINK 1.00 X 0 0 0 JEFFREY T RIGG 1.00 X 0 0 0 WILLIAM W WOOD 35.00 5.00 X 137377 0 24016 TIMOTHY A MCELWEE 40.00 X 137578 0 26222 ANDREA E CHAPDELAINE 40.00 X 153022 0 28011 GREGORY E EICHHORN 40.00 X 135914 0 26558 GINA-LYN CRANCE 40.00 X 117860 0 18077 DANIEL J FALABELLA 40.00 X 169143 0 15503 RODNEY E WARFIELD 40.00 X 125934 0 10060 KAREN A CAMPBELL 40.00 X 116835 0 14534 JEROME LEE 40.00 X 146195 0 20998 DANA B GERMAN 40.00 X 112750 0 11000 1656551 0 333282 18 0 1 0 ARAMARK CORPORATION 1101 MARKET STREET PHILADELPHIA PA 19107 FOOD SERVICE PROVIDER 3702192 ROYALL & COMPANY 1920 EAST PARHAM ROAD RICHMOND VA 232282206 RECRUITING SERVICE 508470 ALLIANCE MEDIA GROUP 1874 CATASAUQUA ROAD 390 ALLENTOWN PA 18109 ADVERTISING 268161 MM ARCHITECTS INC 103 S DUKE STREET LANCASTER PA 17602 ARCHITECTURAL SERVICES 259128 WEIDENHAMMER SYSTEMS 935 BERKSHIRE BLVD WYOMISSING PA 196101229 INFO TECH SERVICES 189110 12 48403 942872 4266278 38979 5257553 TUITION AND FEES 611710 61443679 61443679 AUX ENT - ROOM & BOARD 721310 9666031 9666031 AUX ENT OTHER PROGRAM INCOME 900099 599000 549941 49059 AUX ENT - BOOKSTORE 451211 187692 187692 71896402 1240448 1240448 420468 420468 259069 57550 201519 201519 65760 135759 1801028 30265 1025640 28265 775388 2000 777388 777388 13788 48403 12907 881 881 CONFERENCES 812900 368517 368517 ATHLETICS AND AQUATIC PROGRAMS 900099 215070 13176 201894 FOOD SERVICE 722210 57568 57568 330875 118588 202786 9501 972030 80766689 71979107 838957 2691072 26197710 26197710 1179127 350134 638260 190733 19736599 14921506 3949375 865718 1531634 1165907 300333 65394 2448637 1828845 504619 115173 1633055 1198186 353727 81142 96322 96322 85525 85525 18967 18967 245959 245959 1449314 562286 837202 49826 541692 447819 93873 1036084 686620 256330 93134 210787 204433 6354 4327 4327 3047477 2988858 48080 10539 789512 642498 94348 52666 29769 25587 4182 1981552 1826396 127260 27896 5001619 4609992 321215 70412 704460 654646 40858 8956 FOOD SERVICES 2802673 2802673 OFF CAMPUS TUITION, REM 1409651 148011 1261640 BOOKS, PERIODICALS, JOU 1266192 1265364 207 621 TUITION DISCOUNT 980870 980870 4701321 3427329 1038099 235893 79130835 66939997 10303768 1887070 71642 187910 6528229 8150953 4900596 3889993 957978 1146005 2259049 5276165 263153 290196 894995 581617 141551758 58904440 79848764 82647318 31513201 37127377 12773288 10716743 14286250 12374877 154297145 162389154 11852949 9790127 2381653 2416007 2142481 5450027 40037026 38625454 5778641 5395139 62192750 61676754 X 41640691 44770819 18137692 20869533 32326012 35072048 92104395 100712400 154297145 162389154 1635854 6972151 0 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X 0 42137284 1668437 6483389 1038736 925438 117865 48207071 44225689 602451 -674916 969265 926506 120169 42137284 35697844 1647252 8832208 776300 1038117 137197 44225690 32108490 299842 5514996 810800 1263011 151673 35697844 42985782 613961 -9535278 676723 1087415 191837 32108490 0.20600 0.51600 0.27800 1 0 2178536 2178536 102788325 35708538 67079787 70480 70480 0 28225043 15900781 12324262 8289374 7224641 1064733 82647318 OFFSHORE EQUITY FUND 1336275 F DOMESTIC EQUITY FUNDS 9380468 F 10716743 ASSETS HELD IN TRUST BY OTHERS 10203011 DEPOSITS HELD BY BOND TRUSTEES 1861475 DEFERRED FINANCING COSTS 262399 OTHER RECEIVABLES -79341 OTHER ASSETS 51057 DUE FROM NTSI 76276 12374877 EARLY RETIREMENT 512780 POST RETIREMENT HEALTHCARE BENEFITS 440453 OTHER LIABILITIES 272198 CHARITABLE GIFT ANNUITY CONTRACT LIABILITIES 1403362 PA ALTERNATIVE CLEAN ENERGY PROGRAM LOAN 140927 INTEREST RATE SWAP 2625419 5395139 X 60250438 6972151 71900 -26833660 -19789609 80040047 245959 480683 726642 80766689 51647522 71900 507708 579608 51067914 245959 27816962 28062921 79130835 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. DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: THE ENDOWMENT FUNDS ARE INTENDED TO BE USED TO SUPPORT STUDENT FINANCIAL AID, INSTRUCTION AND OTHER COLLEGE OPERATIONS. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X, LINE 2: THE COLLEGE QUALIFIES AS A TAX-EXEMPT, NONPROFIT ORGANIZATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. ACCORDINGLY, THERE IS NO PROVISION FOR FEDERAL OR STATE INCOME TAXES. 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 2013 AND 2012. THE COLLEGE'S FEDERAL EXEMPT ORGANIZATION BUSINESS INCOME TAX RETURNS FOR TAX YEARS BEGINNING JUNE 1, 2011, 2010 AND 2009 REMAIN SUBJECT TO EXAMINATION BY THE IRS. PART XI, LINE 2D - OTHER ADJUSTMENTS: REVENUE OF SUBSIDIARY (NTSI) 536,418. REVENUE OF NTSI WHICH WAS COLLEGE EXPENSE -191,498. STUDENT AID -26,197,710. TUITION DISCOUNT -980,870. PART XI, LINE 4B - OTHER ADJUSTMENTS: REVENUE FOR SERVICES PROVIDED BY SUBSIDIARY (NTSI) 104,256. RENTAL EXPENSES -57,550. FUND RAISING EVENT EXPENSE -12,907. INTRAORGANIZATIONAL TRANSACTIONS 446,884. PART XII, LINE 2D - OTHER ADJUSTMENTS: TOTAL EXPENSE OF SUBSIDIARY (NTSI) 541,507. SUBSIDIARY'S INTERORGANIZATIONAL EXPENSES -104,256. RENTAL EXPENSES 57,550. FUND RAISING EVENT EXPENSE 12,907. PART XII, LINE 4B - OTHER ADJUSTMENTS: STUDENT AID 26,197,710. COLLEGE EXPENSE WHICH WAS SUBSIDIARY'S REVENUE 191,498. INTRAORGANIZATIONAL TRANSACTIONS 446,884. TUITION DISCOUNT 980,870. 0 1 0 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 EXPLANATION OF NONDISCRIMINATORY POLICY PUBLICATION 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. EXPLANATION OF GOVERNMENT FINANCIAL ASSISTANCE 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 THE NATIONAL ENDOWMENT FOR THE ARTS (NEA). 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. CEN AMERICA AND CARIBBEAN 0 0 INVESTMENTS 395251 EUROPE 0 0 INVESTMENTS 1336275 0 0 0 0 0 0 1731526 0 1731526 0 0 0 1 1 0 X X X X X X 1 GRENZEBACH GLIER & ASSOCIATES INC PO BOX 88277 DEPT A CHICAGO IL 606801277 CONSULTING 0 0 18967 0 18967 PA RED & WHITE GOLF 62191 48403 13788 6999 5908 62191 48403 13788 6999 5908 12907 881 1 TRUSTEE GRANTS 1099 9247247 N/A PRESIDENTIAL SCHOLARSHIP / DEAN 349 4775000 N/A ALUMNI SCHOLARSHIP 433 4190300 N/A JACOB ALBRIGHT SCHOLARSHIP 118 2285800 N/A EUGENE SHIRK SCHOLARSHIP 84 1365950 N/A ENDOWED SCHOLARSHIPS 249 1299749 N/A SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANTS 502 857754 N/A COMMUNITY SERVICE LEADERSHIP SCHOLARSHIPS 17 113500 N/A NATIONAL HONOR SOCIETY SCHOLARSHIPS 336 319750 N/A COLEMAN AWARDS 167 568575 N/A GENERAL SCHOLARSHIPS - PARTNERSHIP 194 184690 N/A OTHER SCHOLARSHIPS, GRANTS AND AWARDS 190 281308 N/A PHI THETA KAPPA AWARD 11 169500 N/A FOREIGN STUDENT SCHOLARSHIPS 23 311840 N/A TALENT AWARDS 60 119500 N/A THE ALBRIGHT RELIEF FUND 50 107247 N/A 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 X 0 1 0 0 0 0 0 1 0 LEX O MCMILLAN III PHD 273492 0 26600 0 3851 0 79800 0 58503 0 442246 0 0 0 WILLIAM W WOOD 133862 0 3515 0 0 0 14060 0 9956 0 161393 0 0 0 TIMOTHY A MCELWEE 133938 0 3640 0 0 0 14560 0 11662 0 163800 0 0 0 ANDREA E CHAPDELAINE 149244 0 3778 0 0 0 15110 0 12901 0 181033 0 0 0 GREGORY E EICHHORN 132414 0 3500 0 0 0 14000 0 12558 0 162472 0 0 0 DANIEL J FALABELLA 166858 0 2285 0 0 0 9142 0 6361 0 184646 0 0 0 JEROME LEE 143962 0 2233 0 0 0 12956 0 8042 0 167193 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, BUT NO DISTRIBUTIONS WERE MADE IN 2013. PART I, LINE 7 BASED ON OPERATING RESULTS OF FISCAL YEAR ENDING MARY 31, 2012, THE COLLEGE DECLARED A ONE TIME NON-FIXED PAYMENT TO SUBSTANTIALLY ALL FACULTY AND STAFF, INCLUDING THOSE LISTED ON PART VIII. IN ADDITION, UNDER THE PRESIDENT'S EMPLOYMENT CONTRACT, THE BOARD REVIEWS AND APPROVES A VARIABLE COMPENSATION COMPONENT SUBJECT TO A MAXIMUM. A THE BERKS COUNTY MUNICIPAL AUTHORITY 236647630 084536GQ8 2004-01-08 23861485 CONSTRUCTION OF FACILITY & REFUNDING OF PRIOR ISSUE (10/13/93) 0 0 0 B THE BERKS COUNTY MUNICIPAL AUTHORITY 236647630 084537AB5 2010-12-30 25500000 REFUND PRIOR ISSUE (11/20/08) 0 0 0 A 10715000 23980122 1800968 283593 5489792 16405770 2005 1 0 1 1 B 25500000 25500000 2010 1 0 1 1 A 0 0 1 1 0 0.01000 0.00000 0.01000 0 0 0 B 0 0 1 1 0 0.00600 0.00000 0.00600 0 0 0 A 0 0 1 1 0 0 1 WACHOVIA BANK NA 20.700000000000 1 0 0 B 0 1 1 0 1 1 WACHOVIA BANK NA 7.900000000000 0 0 0 0 0 B 0 SCHEDULE K PART IV, ARBITRAGE, LINE 2C DATE REBATE COMPUTATION PERFORMED ISSUER NAME: THE BERKS COUNTY MUNICIPAL AUTHORITY DATE THE REBATE COMPUTATION WAS PERFORMED: 12/31/2008 SCHEDULE K SUPPLENTAL INFORMATION PART II, LINE 3 - THE TOTAL PROCEEDS DO NOT AGREE TO THE ISSUE PRICE IN PART I, COLUMN (E) DUE TO INVESTMENT EARNINGS. PART III LINE 3 THERE ARE NO RESEARCH AGREEMENTS RELATING TO THE FINANCED PROPERTIES FOR EITHER BOND ISSUE. PART III LINE 9, PART IV LINE 7, AND PART V THE COLLEGE IS WORKING WITH BOND COUNSEL TO DEVELOP A COMPREHENSIVE TAX EXEMPT BOND COMPLIANCE PROGRAM, WHICH WILL INCLUDE THE NECESSARY WRITTEN PROCEDURES. JOHN WEIDENHAMMER OWNER IS MEMBER OF BOARD OF TRUSTEES 202455 INFORMATION TECHNOLOGY SERVICES 0 SEE SUPPLEMENTAL FOR LISTING OF INTERESTED PERSONS OWNERSHIP OF FOA LLC INCLUDES PRESENT/FORMER BOARD OF TRUSTEE MEMBERS 168474 RENTAL OF PROPERTY 0 FORM 990, SCHEDULE L, PART IV: NAMES OF INTERESTED PERSONS: CURRENT TRUSTEES: JOHN P. WEIDERHAMMER JOHN T. BAILEY CHRIST G. KRARAS JOHN K. ROESSNER III JOHN D. SCHOLLFORMER TRUSTEE: JAMES STOCKER X 19 674947 MARKET QUOTATIONS X CLOCK 1 9000 APPRAISED 0 0 0 FORM 990, PART VI, SECTION A, LINE 2 FIVE 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 IN FISCAL YEAR 2011, THE COLLEGE ENGAGED ARAMARK CORPORATION TO PROVIDE FOOD SERVICES FOR THE COLLEGE COMMUNITY. IN ADDITION, BARNES AND NOBLES COLLEGE BOOKSTORE, LLC CONTINUED TO OPERATE AND PROVIDE SERVICES FOR THE COLLEGE'S BOOKSTORE. THE COLLEGE DISCONTINUED THE USE OF A CONSULTANT TO MANAGE ITS INFORMATION TECHNOLOGY SERVICES DEPARTMENT. FORM 990, PART VI, SECTION B, LINE 11 FORM 990 WAS 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 ASSOCIATE VICE-PRESIDENT 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 IMPLEMENTION PROCESSES ARE ONGOING. 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