2014-05-12T08:27:03-05:00 2013-06-30 251408703 SCHNEIDER DOWNS & CO INC ONE PPG PLACE SUITE 1700 PITTSBURGH PA 15222 990 2012-07-01 250965601 WASHINGTON & JEFFERSON COLLEGE WASH 7242236009 60 S LINCOLN STREET WASHINGTON PA 15301 DR TORI HARING-SMITH 7242236009 2014-03-04 1 SUSAN M KIRSCH P00341397 4122613644 2012 2015-11-30 17:44:51Z DR TORI HARING-SMITH 60 S LINCOLN STREET WASHINGTON PA 15301 114124343 0 X WWW.WASHJEFF.EDU X 1781 PA PROMOTE EDUCATION, THE DEVELOPMENT OF SKILLS, KNOWLEDGE, AND PERSONAL QUALITIES. 34 32 1267 514 42610 -1695 17051314 12332761 67017165 69270605 771603 1698214 249395 271558 85089477 83573138 23318779 24432699 0 0 24055679 24053016 0 24000 2187793 27523187 28391126 74897645 76900841 10191832 6672297 284491026 298820968 76261843 73251999 208229183 225568969 TO GRADUATE PEOPLE OF UNCOMMON INTEGRITY, COMPETENCE, AND MATURITY, WHO ARE EFFECTIVE LIFELONG LEARNERS AND RESPONSIBLE CITIZENS, AND WHO ARE PREPARED TO CONTRIBUTE SUBSTANTIALLY TO THE WORLD IN WHICH THEY LIVE. 0 0 69157921 24432699 69222700 FOUNDED IN 1781, W&J IS ONE OF THE OLDEST COLLEGES IN AMERICA. IT IS A FOUR-YEAR, PRIVATE, LIBERAL ARTS COLLEGE DEDICATED TO ITS STUDENTS. IT IS NATIONALLY RECOGNIZED AS AN EXCELLENT RESIDENTIAL, STUDENT-CENTERED UNDERGRADUATE INSTITUTION. HISTORICALLY, A HIGH PERCENTAGE OF STUDENTS WHO APPLY TO LAW SCHOOLS AND TO PROFESSIONAL HEALTH SCHOOLS ARE ACCEPTED. STATISTICS - UNDERGRADUATE STUDENTS: 1424 FULL-TIME EQUIVALENT STUDENTS AND 330 GRADUATES. 69157921 1 1 0 1 0 0 0 1 0 1 1 1 0 0 1 1 1 0 1 0 1 0 1 1 1 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 1 0 0 0 1 1970 0 1 1267 1 1 1 0 0 0 0 1 1 0 0 0 0 X 34 32 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 PA X T SZEJKO ASSOCIATE VP OF FINANCE 7242236009 60 S LINCOLN STREET WASHINGTON PA 15301 MR JERRELL ANGELL 1.00 0.00 X 0 0 0 ROBERT M BEAVERS JR 1.00 0.00 X 0 0 0 GARY L CHURGIN 1.00 0.00 X 0 0 0 SUSAN A COHEN 1.00 0.00 X 0 0 0 JONATHAN M CONRAD 1.00 0.00 X 0 0 0 PATRICK A CORRENTY MD 1.00 0.00 X 0 0 0 DANA GRAHAM DEVEREUX 1.00 0.00 X 0 0 0 WALTER FLAMENBAUM MD 1.00 0.00 X 0 0 0 JOHN E FRAZIER II MD 1.00 0.00 X 0 0 0 KEITH GHEZZI 1.00 0.00 X 0 0 0 JAMES F GISMONDI 1.00 0.00 X 0 0 0 COLEMAN HUGHLEY 1.00 0.00 X 0 0 0 ELIZABETH HURWITZ-SCHWAB 1.00 0.00 X 0 0 0 VICTOR LAZZARO JR 1.00 0.00 X 0 0 0 THOMAS J LEYDIG 1.00 0.00 X 0 0 0 WILLIAM N MACARTNEY III 1.00 0.00 X 0 0 0 JAMES J MCCAFFREY 1.00 0.00 X 0 0 0 KENNETH R MELANI MD 1.00 0.00 X 0 0 0 CHARLES T NASON 1.00 0.00 X 0 0 0 ALBERT G NICKEL 1.00 0.00 X 0 0 0 WILLIAM S PLATT 1.00 0.00 X 0 0 0 A MICHAEL PRATT ESQ 1.00 0.00 X 0 0 0 DIANA L REED ESQ 1.00 0.00 X 0 0 0 FRANCES SMITH ROHRICH 1.00 0.00 X 0 0 0 DAVID A ROSS 1.00 0.00 X 0 0 0 LOUISE K ROSS 1.00 0.00 X 0 0 0 STEPHEN M ROSS 1.00 0.00 X 0 0 0 E RONALD SALVITTI II 1.00 0.00 X 0 0 0 DAVID A STEINBERG 1.00 0.00 X 0 0 0 LEANNE TRACHOK 1.00 0.00 X 0 0 0 RICHARD T CLARK 5.00 0.00 X 0 0 0 LYN M DYSTER PHD 2.50 0.00 X X 0 0 0 CHARLES F MARCY 2.50 0.00 X X 0 0 0 MCCLELLAN A DUBOIS 2.50 0.00 X X 0 0 0 WILLIAM M STOUT 2.50 0.00 X X 0 0 0 CRAIG A VARGA ESQ 2.50 0.00 X X 0 0 0 DR TORI HARING-SMITH 55.00 0.00 X X 353675 0 150755 DENNIS MCMASTER 50.00 0.00 X 169334 0 27495 ALTON NEWELL 50.00 0.00 X 167963 0 25560 MICHAEL GRZESIAK 50.00 0.00 X 156124 0 24804 TIMOTHY MURPHY 50.00 0.00 X 144349 0 28930 ROBERT DODGE 40.00 0.00 X 117967 0 25984 CHARLIE HANNON 40.00 0.00 X 117335 0 24615 MICHAEL CRABTREE 40.00 0.00 X 117049 0 26215 JOHN ZIMMERMAN 40.00 0.00 X 112659 0 20095 1456455 0 354453 16 0 1 0 MOSITES CONSTRUCTION CO 4839 CAMPBELLS RUN ROAD PITTSBURGH PA 15205 CONSTRUCTION 5248141 GCA SERVICES GROUP PO BOX 643823 PITTSBURGH PA 152643823 FACILITY MANAGEMENT 3619711 PARKHURST DINING SERVICE PO BOX 644091 PITTSBURGH PA 152644090 FOOD SERVICE 3593910 CENTRAL CAB COMPANY 155 INDUSTRY ROAD WAYNESBURG PA 15370 TRANSPORTATION 208125 THE FIRST MARBLEHEAD CORP 800 BOYLSTON STREET BOSTON MA 02199 STUDENT LOAN COLLECTIONS 205225 17 6475 471007 11855279 337001 12332761 TUITION AND FEES 900099 53811592 53811592 STUDENT SERVICES 900099 14329559 14329559 AUXILIARY PROGRAM SVCS 900099 1129454 1081549 47905 69270605 732736 -5295 738031 27590 37350 -9760 -9760 -9760 30893049 29927571 965478 965478 965478 60503 6475 25960 34543 34543 807099 560324 246775 246775 83573138 69222700 42610 1975067 362312 362312 23614328 23614328 456059 456059 1077761 196188 450762 430811 16914600 13541493 2587603 785504 1199338 976477 169531 53330 3525133 2877377 481706 166050 1336184 1118798 138059 79327 26019 26019 69800 69800 24000 24000 494579 494579 6868435 6857428 11007 595220 545595 49625 559242 285752 186326 87164 593686 391833 181668 20185 2804122 2656906 140206 7010 592567 417822 64923 109822 208420 53733 79039 75648 2866284 2866284 5594963 5350780 231974 12209 102817 41081 61736 STUDENT ACTIVIT/PROGRAM 1160044 1140374 19670 ATHLETIC & GAME EXPENSE 833563 833563 BAD DEBT EXPENSE 796279 796279 STUDENT INTERSESSION 739779 739779 3485307 3037680 191196 256431 76900841 69157921 5555127 2187793 32981621 36656657 6602384 4250588 2070568 1772490 1955983 1799153 169538 174869 1977696 1699308 211001798 73512029 139960264 137489769 53104057 67082321 45163105 47434962 505810 460851 284491026 298820968 4578859 3526429 1526234 1005974 60897845 59606544 9258905 9113052 76261843 73251999 X 109899753 118652630 35792575 41453986 62536855 65462353 208229183 225568969 284491026 298820968 X 6672297 10497795 169694 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1000000 1000000 1000000 1000000 4000000 6000000 54173 49969 0 0 104142 250000 250000 250000 250000 1000000 1500000 X X 0 105285643 14385448 12247905 1963076 3360227 126595693 105449820 9658775 -2504073 2561974 4756905 105285643 83668287 12702816 13675739 1966253 2630769 105449820 75605633 4265777 8070543 2009438 2264228 83668287 101091273 1163346 -22017494 4631492 75605633 0.17430 0.51710 0.30860 1 0 10684941 10684941 158218086 44540053 113678033 28423072 21671388 6751684 13675699 7300588 6375111 137489769 COMMON STOCKS 266703 F INVESTMENT IN LIMITED P-SHIP 6459239 F DIVERSIFIED INFLATION HEDGE 4329591 F INT'L GROWTH EQUITY FUND 9405502 F INVEST. IN OTHER HEDGE FUNDS 19392365 F INVESTMENTS - REAL ESTATE 883743 C CASH SURRENDER VALUE OF LIFE INSURANCE POLICIES 406031 F SECURITIES HELD IN TRUST BY OTHERS 6213895 F COMMODITIES 77893 F 47434962 ACCRUED RETIREE HEALTHCARE BENEFITS 2827468 FED.GOV ADVANCES FOR STUDENT LOANS 1838638 LIABILITIES UNDER LIFE INTEREST AGREEMENT 3960403 DEPOSITS HELD IN CUSTODY FOR OTHERS 486543 9113052 X 71728055 10497795 -22836512 -12338717 84066772 130000 -623634 -493634 83573138 54388269 623634 623634 53764635 130000 23006206 23136206 76900841 PART III, LINE 1A: THE COLLEGE'S COLLECTIONS INCLUDE PAINTINGS, PRINTS, PHOTOGRAPHS, SCULPTURES, DRAWINGS AND WATERCOLORS, AND DECORATIVE ARTS. THESE ITEMS ARE HELD FOR EDUCATIONAL, RESEARCH, SCIENTIFIC AND CURATORIAL PURPOSES. EACH OF THE ITEMS IS CATALOGED, PRESERVED AND CARED FOR, AND ACTIVITIES VERIFYING THEIR EXISTENCE AND ASSESSING THEIR CONDITION ARE PERFORMED CONTINUOUSLY. PURCHASES OF COLLECTION ITEMS ARE RECORDED AS OPERATING EXPENDITURES IN THE YEAR IN WHICH THE ITEMS ARE ACQUIRED. PART III, LINE 4: COLLECTIONS ARE USED TO FURTHER THE EDUCATIONAL PURPOSES OF THE COLLEGE. DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: THE COLLEGE'S ENDOWMENT CONSISTS OF VARIOUS INVESTMENT FUNDS ESTABLISHED PRIMARILY FOR SUPPORT OF THE COLLEGE'S MISSION. ITS ENDOWMENT INCLUDES DONOR-RESTRICTED AS WELL AS BOARD-DESIGNATED ENDOWMENT FUNDS. AS REQUIRED BY GENERALLY ACCEPTED ACCOUNTING PRINCIPLES, NET ASSETS ASSOCIATED WITH ENDOWMENT FUNDS, INCLUDING FUNDS DESIGNATED BY THE COLLEGE TO FUNCTION AS ENDOWMENTS, ARE CLASSIFIED AND REPORTED BASED ON THE EXISTENCE OR ABSENCE OF DONOR-IMPOSED RESTRICTIONS. THE TRUSTEES OF THE COLLEGE HAVE ELECTED TO BE GOVERNED BY THE COMMONWEALTH OF PENNSYLVANIA'S ACT 141 (ACT 141). ACT 141 PERMITS UTILIZATION OF A TOTAL RETURN POLICY THAT ALLOWS A NONPROFIT TO CHOOSE TO TREAT A PERCENTAGE BETWEEN 2% AND 7% OF THE AVERAGE MARKET VALUE OF THE ENDOWMENT'S PERMANENTLY RESTRICTED INVESTMENTS AS INCOME EACH YEAR. HOWEVER, THE LONG-TERM PRESERVATION OF THE REAL VALUE OF THE ASSETS MUST BE TAKEN INTO CONSIDERATION WHEN THE BOARD ELECTS THE AMOUNT. ON AN ANNUAL BASIS, THE COLLEGE ELECTS A SPENDING RATE NOT TO EXCEED 7% AS APPROVED BY THE BOARD. THE COLLEGE CLASSIFIES AS PERMANENTLY RESTRICTED NET ASSETS THE ORIGINAL VALUE OF GIFTS DONATED TO THE PERMANENT ENDOWMENT. EARNINGS ON THESE GIFTS ARE ACCUMULATED IN TEMPORARILY RESTRICTED NET ASSETS, UNLESS THE INCOME ON THE GIFT IS PERMANENTLY RESTRICTED. IN ACCORDANCE WITH ACT 141, THE COLLEGE HAS ADOPTED A WRITTEN INVESTMENT POLICY, OF WHICH A SECTION SPECIFICALLY RELATES TO THE ENDOWMENT FUND. THE COLLEGE CONSIDERS THE FOLLOWING FACTORS IN MAKING A DETERMINATION TO SET A SPENDING RATE: 1. PROTECTING THE CORPUS OF THE ENDOWMENT FUND. 2. PRESERVING THE SPENDING POWER OF THE ASSETS. 3. OBTAINING MAXIMUM INVESTMENT RETURN WITH REASONABLE RISK AND OPERATIONAL CONSIDERATION. 4. COMPLYING WITH APPLICABLE LAWS. THE COLLEGE'S ENDOWMENT FUNDS ARE INTENDED FOR CAPITAL IMPROVEMENTS, OPERATIONAL SUPPORT, AND STUDENT FINANCIAL AID, SUBJECT TO DONOR SPECIFICATIONS STATED IN ORIGINAL GIFT AGREEMENTS. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X, LINE 2: THE COLLEGE FOLLOWS THE PROVISIONS OF THE CODIFICATION RELATING TO ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. THIS PRESCRIBES A MINIMUM RECOGNITION THRESHOLD AND MEASUREMENT METHODOLOGY THAT A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN IS REQUIRED TO MEET BEFORE BEING RECOGNIZED IN FINANCIAL STATEMENTS. THE COLLEGE'S STATEMENTS OF FINANCIAL POSITION AT JUNE 30, 2013 AND 2012 DO NOT INCLUDE ANY LIABILITIES ASSOCIATED WITH UNCERTAIN TAX POSITIONS; FURTHER, THE COLLEGE HAS NO UNRECOGNIZED TAX BENEFITS. THE COLLEGE BELIEVES THAT IT IS NO LONGER SUBJECT TO EXAMINATION OF ITS TAX RETURNS FOR YEARS PRIOR TO 2009. PART XI, LINE 2D - OTHER ADJUSTMENTS: STUDENT FINANCIAL AID -23,006,206. CHANGES IN VALUE OF SPLIT-INTEREST AGREEMENTS 169,694. PART XI, LINE 4B - OTHER ADJUSTMENTS: COSTS OF GOODS SOLD -560,324. RENTAL EXPENSES -37,350. SPECIAL EVENT EXPENSES -25,960. PART XII, LINE 2D - OTHER ADJUSTMENTS: COSTS OF GOODS SOLD 560,324. RENTAL EXPENSES 37,350. SPECIAL EVENT EXPENSES 25,960. PART XII, LINE 4B - OTHER ADJUSTMENTS: STUDENT FINANCIAL AID 23,006,206. 1 1 1 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 WASHINGTON AND JEFFERSON COLLEGE ACTIVELY RECRUITS STUDENTS IN 47 STATES, WASHINGTON, D.C., PUERTO RICO, THE VIRGIN ISLANDS AND VARIOUS INTERNATIONAL COUNTRIES. IT IS THE OPINION OF THE COLLEGE THAT IT WOULD BE COST PROHIBITIVE TO PUBLICIZE THE COLLEGE'S NONDISCRIMINATION POLICY (AS TO RACE, COLOR, SEX, HANDICAP, AGE, OR NATIONAL ORIGIN) THROUGH NEWSPAPER OR BROADCAST MEDIA IN SUCH A LARGE GEOGRAPHICAL AREA. THE COLLEGE'S RACIAL NONDISCRIMINATION POLICY (AND OTHER AFOREMENTIONED NONDISCRIMINATORY POLICIES) ARE PUBLISHED IN THE COLLEGE'S CATALOGUES, PROGRAM PROFILES, FINANCIAL AID BROCHURE, APPLICATION FORM, COLLEGE PUBLICATIONS AND OTHER WRITTEN COMMUNICATIONS WHICH ARE ROUTINELY PROVIDED TO ALL PROSPECTIVE STUDENTS. THIS POLICY IS ALSO POSTED ON THE COLLEGE'S INTERNET WEBSITE. EXPLANATION OF GOVERNMENT FINANCIAL ASSISTANCE SCHEDULE E, PART I, LINE 6 IN THE COURSE OF OUR BUSINESS AS A COLLEGE, THE INSTITUTION RECEIVES FEDERAL GRANTS. 1 EAST ASIA AND THE PACIFIC 0 0 PROGRAM SERVICES STUDY ABROAD 94438 EUROPE (INCLUDING ICELAND AND GREENLAND) 0 0 PROGRAM SERVICES STUDY ABROAD 751023 NORTH AMERICA 0 0 PROGRAM SERVICES STUDY ABROAD 16620 SOUTH AMERICA 0 0 PROGRAM SERVICES STUDY ABROAD 5520 SOUTH ASIA 0 0 PROGRAM SERVICES STUDY ABROAD 200 SUB-SAHARAN AFRICA 0 0 PROGRAM SERVICES STUDY ABROAD 69260 EUROPE (INCLUDING ICELAND AND GREENLAND) 0 0 PROGRAM SERVICES INTERNATIONAL RECRUITING 8612 EAST ASIA AND THE PACIFIC 0 0 PROGRAM SERVICES INTERNATIONAL RECRUITING 14628 SOUTH AMERICA 0 0 PROGRAM SERVICES INTERNATIONAL RECRUITING 15072 SOUTH ASIA 0 0 PROGRAM SERVICES INTERNATIONAL RECRUITING 26732 CENTRAL AMERICA AND THE CARIBBEAN 0 0 PROGRAM SERVICES INTERNATIONAL RECRUITING 27 EAST ASIA AND THE PACIFIC 0 0 GRANTS TO RECIPIENTS LOCATED IN REGION INTERNATIONAL STUDIES 41077 EUROPE 0 0 GRANTS TO RECIPIENTS LOCATED IN REGION INTERNATIONAL STUDIES 342590 SOUTH AMERICA 0 0 GRANTS TO RECIPIENTS LOCATED IN REGION INTERNATIONAL STUDIES 60692 SUB-SAHARAN AFRICA 0 0 GRANTS TO RECIPIENTS LOCATED IN REGION INTERNATIONAL STUDIES 11700 CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENTS 19678761 0 0 0 0 0 0 960301 20176651 21136952 STUDENT AID EAST ASIA AND THE PACIFIC 6 41077 CREDIT TO STUDENT'S ACCOUNTS FOR FINANCIAL AID 0 N/A N/A STUDENT AID EUROPE 32 342590 CREDIT TO STUDENT'S ACCOUNTS FOR FINANCIAL AID 0 N/A N/A STUDENT AID SOUTH AMERICA 6 60692 CREDIT TO STUDENT'S ACCOUNTS FOR FINANCIAL AID 0 N/A N/A STUDENT AID SUB-SAHARAN AFRICA 1 11700 CREDIT TO STUDENT'S ACCOUNTS FOR FINANCIAL AID 0 N/A N/A 1 0 1 1 1 0 PROCEDURE FOR MONITORING GRANTS OUTSIDE THE U.S.: SCHEDULE F, PART I, LINE 2: THE GRANT FUNDS AWARDED TO STUDENTS ARE APPLIED DIRECTLY TO THEIR STUDENT ACCOUNTS. USAGE IS MONITORED BY VIRTUE OF DIRECT ACCOUNT POSTING. X X X X X X X 1 DEE JAY OSHRY 6629 AYLESBORO AVENUE PITTSBURGH PA 15217 CAMPAIGN COUNSEL 0 0 24000 0 24000 PA GOLF OUTING 40503 6475 34028 4730 7222 2175 322 B-BALL GOLF OUTING 18108 18108 1674 4057 2443 322 1 8367 8367 510 1517 450 538 66978 6475 60503 6914 12796 5068 1182 25960 34543 PART I, FUNDRAISING ACTIVITIES, LINE 2B(IV), GROSS RECEIPTS: THE COLLEGE DOES NOT TRACK RECEIPTS IN THE MANNER IN WHICH THE GROSS RECEIPTS DIRECTLY RELATED TO THE SERVICES PROVIDED CAN BE IDENTIFIED. 1 CLEMSON UNIVERSITY 108 SILAS N PEARMAN BLVD CLEMSON SC 29634 576000254 170(B)(I)(A)(II) 38277 0 N/A N/A CSIP GRANT SUBRECIPIENT HIGHLANDS HOSPITAL AND HEALTH CENTER 401 EMURPHY AVE CONNELLSVILLE PA 154252700 251494705 170(B)(I)(A)(III) 153999 0 N/A N/A CSIP GRANT SUBRECIPIENT BRADFORD HOUSE HISTORICAL ASSOCIATION PO BOX 537 WASHINGTON PA 15301 256070816 509(A)(2) 10000 0 N/A N/A FESTIVAL DONATION CITY OF WASHINGTON PA 55 WEST MAIDEN ST WASHINGTON PA 15301 256000886 170(B)(I)(A)(V) 153000 0 N/A N/A PAVING/SECURITY CONEMAUGH MEMORIAL MEDICAL CENTER 1086 FRANKLIN ST JOHNSTOWN PA 15905 250965307 170(B)(I)(A)(III) 7036 0 N/A N/A CSIP GRANT SUBRECIPIENT 5 0 SCHOLARSHIPS AND STUDENT AID 1329 22550147 0 N/A N/A STUDENT ASSISTANCE FOR ACADEMIC SUPPORT 40 946250 0 N/A N/A STUDENT ASSISTANCE, STUDENT AWARDS 77 117931 0 N/A N/A PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, PART I, LINE 2: THE GRANT FUNDS AWARDED TO STUDENTS ARE APPLIED DIRECTLY TO THEIR STUDENT ACCOUNTS. USAGE IS MONITORED BY VIRTUE OF DIRECT ACCOUNT POSTING. X X X X 1 1 X X X X X X 0 0 0 0 0 0 0 0 0 DR TORI HARING-SMITH 305033 0 0 0 48642 0 108171 0 42584 0 504430 0 0 0 DENNIS MCMASTER 165481 0 0 0 3853 0 13152 0 14343 0 196829 0 0 0 ALTON NEWELL 149574 0 0 0 18389 0 13152 0 12408 0 193523 0 0 0 MICHAEL GRZESIAK 152608 0 0 0 3516 0 12147 0 12657 0 180928 0 0 0 TIMOTHY MURPHY 144004 0 0 0 345 0 11901 0 17029 0 173279 0 0 0 A WASHINGTON COUNTY INDUSTRIAL DEVELOPMENT AUTHORITY 251437320 93859RAT4 2010-03-22 62084003 REFUNDING, CAPITAL PROJECTS 0 0 0 B WASHINGTON COUNTY INDUSTRIAL DEVELOPMENT AUTHORITY 251437320 2009-09-01 4500000 CAPITAL PROJECTS 0 0 0 A 62084003 569653 924055 60607135 2010 1 0 1 1 B 4500000 44200 4455800 2010 0 0 1 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 0 B 0 0 0 0 0.00000 0.00000 0.00000 0 0 0 A 0 0 0 0 1 0 0 0 1 B 0 0 0 0 1 0 0 0 1 MARTHINSEN & SALVITTI INSURANCE GROUP TRUSTEE OWNER 514420 CURRENT TRUSTEE HAS OWNERSHIP INTEREST IN INSURANCE PROVIDER. 0 X 0 N/A X 0 N/A X 20 337001 FMV X MISCELLANEOUS 2 0 N/A 0 0 1 0 NON REPORTING OF REVENUE: PART I, LINE 33: GIFTS IN KIND THAT ARE LESS THAN $10,000 ARE GENERALLY NOT REPORTED AS REVENUE, DUE TO LACK OF MATERIALITY. FORM 990, PART VI, SECTION B, LINE 11 FORM 990 IS REVIEWED BY THE ASSOCIATE VP FOR BUSINESS AND THE CHIEF FINANCIAL OFFICER, HIGHLIGHTS OF THE FORM ARE THEN REVIEWED WITH THE PRESIDENT OF THE COLLEGE. THE FORM IS AVAILABLE TO THE BOARD ONLINE, FOR THEIR REVIEW, AND IS PRESENTED TO THE AUDIT COMMITTEE FOR THEIR REVIEW AND APPROVAL. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY IS REVIEWED ANNUALLY BY THE SENIOR STAFF OF THE COLLEGE AND BY LEGAL COUNSEL. ANNUAL DISCLOSURE STATEMENTS ARE SENT OUT TO BOARD MEMBERS, OFFICERS, AND KEY EMPLOYEES. FORM 990, PART VI, SECTION B, LINE 15 -CEO: THE EMPLOYMENT CONTRACT INCLUDED A SALARY/BENEFITS REVIEW PERFORMED BY AN UNRELATED THIRD PARTY, SOLENTURE, ON BEHALF OF THE BOARD OF TRUSTEES, AND THE CONTRACT WAS APPROVED BY AN INDEPENDENT BOARD. THE PROCESS INCLUDED AN ANALYSIS OF COMPARABLE SALARY AND BENEFIT DATA. THE BOARD APPROVAL WAS DOCUMENTED IN THE MINUTES. -VP FOR BUSINESS AND FINANCE: THE COLLEGE SUBCONTRACTED TO AN UNRELATED CONSULTANT GROUP, WITT KIEFFER, FOR A SALARY AND BENEFITS REVIEW, INCLUDING AN ANALYSIS OF COMPARABLE DATA, AND ASSISTANCE WITH THE HIRING PROCESS. THE BOARD AND THE SENIOR STAFF ALSO PARTICIPATED IN THE PROCESS. FORM 990, PART VI, SECTION C, LINE 19 WASHINGTON & JEFFERSON COLLEGE MAKES ITS GOVERNANCE DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST, TYPICALLY VIA EMAIL. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF SPLIT-INTEREST AGREEMENTS 169,694. FORM 990, PART XII, QUESTION 2C, OVERSIGHT OF FINANCIAL STATEMENT AUDIT: THE AUDIT AND RISK MANAGEMENT COMMITTEE OF THE BOARD OF TRUSTEES MEETS 2 TIMES A YEAR WITH THE COLLEGE'S EXTERNAL AUDITORS. THE FIRST MEETING TAKES PLACE IN THE PRE AUDIT PLANNING PHASE, AND THE SECOND MEETING IS AFTER THE THE AUDIT FIELDWORK IS COMPLETED, TO REVIEW THE RESULTS WITH THE AUDITORS. THE COMMITTEE THEN VOTES TO APPROVE THE RESULTS OF THE AUDITED FINANCIAL STATEMENTS AND PRESENTS THE RESULTS TO THE FULL BOARD. THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. FORM 990, PART VII, EMERITUS TRUSTEES: THE FOLLOWING INDIVIDUALS SERVE AS EMERITUS TRUSTEES OF WASHINGTON & JEFFERSON COLLEGE WITH NO VOTING RIGHTS: EDWINA W. CAMERON, DR. WALTER COOPER, DR. JOHN R. ECHEMENT, DR. ROBERT M. ELLIOTT (EXITED 11/12), RICHARD Y. HADDAD, DR. JOSEPH A. HARDY, SR., JAMES H. KNEPSHIELD, M.D., J. ROBERT MAXWELL, ESQ., JOHN L.S. NORTHROP, H. THOMAS PATTON, RONALD V. PELLEGRINI, M.D., JAMES L. PHILLIPS, M.D., ANICA D. RAWNSLEY, E. RONALD SALVITTI, M.D., RONALD P. SANDMEYER, SR., DOROTHY A. SERVIS, ESQ., ROBERT B. SHUST, F. LEO WRIGHT, ESQ. CHARITABLE REMAINDER UNITRUST (7) PHILANTHROPY PA WASHINGTON & JEFFERSON COLLEGE T 1.00000 0 CHARITABLE REMAINDER TRUST (3) PHILANTHROPY PA WASHINGTON & JEFFERSON COLLEGE T 1.00000 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0