2014-04-09T16:49:40-05:00 2013-05-31 251408703 SCHNEIDER DOWNS & CO INC ONE PPG PLACE SUITE 1700 PITTSBURGH PA 15222 990 2012-06-01 250965376 GENEVA COLLEGE GENE 7248465100 3200 COLLEGE AVENUE BEAVER FALLS PA 15010 LARRY K GRIFFITH 7248465100 2014-04-04 1 SUSAN M KIRSCH P00341397 4122613644 2012 2015-11-30 17:44:51Z LARRY K GRIFFITH 3200 COLLEGE AVENUE BEAVER FALLS PA 15010 61049039 0 X WWW.GENEVA.EDU X 1848 PA GENEVA COLLEGE IS A CHRIST-CENTERED ACADEMIC COMMUNITY THAT PROVIDES A COMPREHENSIVE EDUCATION TO EQUIP STUDENTS FOR FAITHFUL AND FRUITFUL SERVICE TO GOD AND NEIGHBOR. 20 15 1415 514 56280 0 2976218 4189733 47537113 47999704 1616552 2174653 -37593 -91720 52092290 54272370 13441122 14047355 0 0 22201696 22869893 42153 48161 1467611 15863526 15153249 51548497 52118658 543793 2153712 77575809 82561979 21453302 20747551 56122507 61814428 X GENEVA COLLEGE IS A CHRIST-CENTERED ACADEMIC COMMUNITY THAT PROVIDES A COMPREHENSIVE EDUCATION TO EQUIP STUDENTS FOR FAITHFUL AND FRUITFUL SERVICE TO GOD AND NEIGHBOR. 0 0 47149303 14047355 47826004 SEE SCHEDULE O 47149303 1 1 0 1 0 0 0 1 0 1 1 0 0 1 1 1 1 0 1 1 1 0 1 1 0 0 0 0 1 1 1 0 0 0 0 0 0 1 0 1 0 1 0 0 0 0 1 0 0 0 1 2759 0 1 1415 1 1 1 1 IT 0 0 0 0 0 0 0 0 X 20 15 1 0 1 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 0 0 PA AK AZ CA FL HI MA ME MD MI NH SC VA WA X STEPHEN ROSS ASSOC VICE PRESIDENT 7248476541 3200 COLLEGE AVE BEAVER FALLS PA 15010 ANDREW M BERNARD JR 0.90 X 0 0 0 CHARLES H POCKRAS 0.90 X 0 0 0 DONALD W PIPER 0.90 0.90 X 0 0 0 DR CALVIN L TROUP 0.90 0.90 X 0 0 0 DR SIARHEI SPIRYDOVICH 0.90 X 0 0 0 G REYNOLDS CLARK 0.90 X 0 0 0 JAMES D ROY 0.90 X 0 0 0 JOHN P EDGAR ESQ 0.90 X 0 0 0 JOYE H HUSTON 0.90 X 0 0 0 KATHARINE L DENNIS 0.90 X 0 0 0 KEITH M WING 0.90 X 0 0 0 MATTHEW FILBERT 0.90 0.90 X 0 57384 0 MELVILLE W ADAMS 0.90 X 0 0 0 PHILLIP DUGUID 0.90 0.90 X 0 0 0 ROBERT T CLARKE ENTER 712 0.90 X 0 0 0 VIRGINIA H BADGER 0.90 X 0 0 0 WILLIAM C KRINER ESQ 0.90 X 0 0 0 DR WILLIAM J EDGAR 0.90 0.90 X X 0 0 0 STEVEN C MCMAHAN 0.90 0.90 X X 0 0 0 REV BRUCE R BACKENSTO 0.90 X X 0 3277 0 KENNETH A SMITH 40.00 X 175564 0 35534 KENNETH P CARSON 40.00 X 148728 0 51414 LARRY K GRIFFITH 40.00 X 149421 0 23754 JONATHAN WATT 40.00 10.00 X 119502 8223 20529 593215 68884 131231 4 0 1 0 PIONEER COLLEGE CATERERS INC 12351 W 96TH TERRACE SUITE 204-W LENEXA KS 66215 CAMPUS FOOD SERVICE 2036301 BD&E INC 681 ANDERSEN DRIVE PITTSBURGH PA 15220 ADVERTISING AGENCY 605130 ARAMARK FACILITY SERVICES 24818 NETWORK PLACE CHICAGO IL 606731248 PHYS. PLANT MANAGEMENT 420956 JENZABAR 1450 TECHNOLOGY DRIVE HARRISONBURG VA 228022542 SOFTWARE SALES/SERVICE 409357 GEOMECHANICS 600 MUNIR DRIVE ELIZABETH PA 150370386 BUILDING RENOVATION 363903 11 844863 3344870 49135 4189733 TUITION AND FEES 900099 38962611 38962611 STUDENT HOUSING 900099 4296940 4267199 29741 FOOD SERVICE 900099 3864500 3837961 26539 STUDENT SRVCS & ACTIV. 900099 772005 772005 CAMPUS STORE 900099 51715 51715 51933 51933 47999704 1740673 1740673 20509 20509 6995604 6561624 433980 433980 433980 97625 215045 -117420 -117420 LIFE INSURANCE COMMISSIONS 900099 5191 5191 5191 54272370 47826004 56280 2200353 13779025 13779025 268330 268330 548934 276773 202282 69879 16364962 14683575 968001 713386 645445 587355 38727 19363 4114895 3744554 246894 123447 1195657 1088048 71739 35870 130772 3071 127701 105681 105681 48161 48161 200410 200410 774147 692990 69878 11279 792710 40513 713637 38560 2331253 1942892 238050 150311 538902 521869 710 16323 1145834 1120208 9953 15673 1364937 1126055 128887 109995 74685 64652 7626 2407 559497 559497 2698061 2637625 23473 36963 334506 99333 234952 221 FOOD SERVICE 2050763 2050763 MISCELLANEOUS 1219547 1150284 4163 65100 OTHER INSTRUCTIONAL 685948 635765 43860 6323 MEMBERSHIP & DUES 145596 76126 65120 4350 52118658 47149303 3501744 1467611 9375 6548 5626862 6281584 584988 525034 689518 1185795 2321094 2141296 76214234 41484058 34850288 34730176 25813366 28800577 2284130 3219392 5396188 5671577 77575809 82561979 1721890 2453840 1278997 1377013 14997082 13544438 3455333 3372260 21453302 20747551 X 17855067 19514070 21622986 24900735 16644454 17399623 56122507 61814428 77575809 82561979 X 2153712 3093324 444885 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 1 48 0 0 0 0 1 1708 1756 0 EXPLANATION OF LOBBYING ACTIVITIES: PART II-B, LINE 1: THE ORGANIZATION IS A MEMBER OF TWO ASSOCIATIONS. A PORTION OF THE DUES PAID IS ALLOCATED TO LOBBYING ACTIVITIES BY THE ASSOCIATIONS. COSTS WERE INCURRED IN CONNECTION WITH DRAFTING, MAILING AND/OR DISTRIBUTION OF CORRESPONDENCE TO BOARD MEMBERS AND LEGISLATORS. X X X 0 31944786 1020289 4725848 906525 1409672 182156 35192570 33039607 1327280 -1207356 447638 587920 179187 31944786 28217353 890561 5137090 444568 593292 167537 33039607 25341943 702616 3466289 438087 698742 156666 28217353 31809107 1280267 -6421871 1311888 13672 25341943 0.11260 0.49440 0.39300 0 1 1 1980752 1980752 52228441 25731912 26496529 21571051 15752146 5818905 433990 433990 34730176 CASH SURRENDER VALUE OF LIFE INSURANCE 482896 PERPETUAL TRUSTS HELD BY THIRD PARTIES 3673416 BOND ISSUANCE COSTS 96642 OTHER ASSETS 1418623 5671577 ANNUITIES AND LIFE INCOME TRUSTS PAYABLE 847008 REFUNDABLE FEDERAL STUDENT LOAN FUNDS 1755797 POSTRETIREMENT BENEFIT OBLIGATION 507899 LINE OF CREDIT 261556 3372260 X 43780220 3093324 447246 3540570 40239650 14032720 14032720 54272370 38088299 215045 215045 37873254 14245404 14245404 52118658 PART III, LINE 1A: THE COLLEGE HAS VARIOUS LITERARY, ARCHIVAL AND ARTISTIC COLLECTIONS, WHICH CONSIST OF EVANGELICAL MANUSCRIPTS, PRIVATE PAPERS, RARE BOOKS OF SEVERAL AUTHORS, AND WORKS OF ART. THE COLLECTIONS, WHICH WERE ACQUIRED THROUGH PURCHASES AND CONTRIBUTIONS SINCE THE COLLEGE'S INCEPTION, ARE NOT RECOGNIZED AS ASSETS ON THE STATEMENT OF FINANCIAL POSITION. PURCHASES OF COLLECTION ITEMS ARE RECORDED AS DECREASES IN UNRESTRICTED NET ASSETS IN THE YEAR IN WHICH THE ITEMS ARE ACQUIRED OR AS TEMPORARILY OR PERMANENTLY RESTRICTED NET ASSETS IF THE ASSETS USED TO PURCHASE THE ITEMS ARE RESTRICTED BY DONORS. CONTRIBUTED COLLECTION ITEMS ARE NOT REFLECTED ON THE FINANCIAL STATEMENTS. PROCEEDS FROM DEACCESSIONS OR INSURANCE RECOVERIES ARE REFLECTED AS INCREASES IN THE APPROPRIATE NET ASSET CLASSES. PART III, LINE 4: COLLECTIONS ARE USED FOR EDUCATIONAL PURPOSES WHICH MATCHES OUR EXEMPT PURPOSE. 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 ITS MISSION. ITS ENDOWMENT INCLUDES BOARD-DESIGNATED AND DONOR-RESTRICTED 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. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X, LINE 2: THE COLLEGE IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE OF 1986. ACCORDINGLY, NO PROVISION FOR INCOME TAXES HAS BEEN MADE IN THE ACCOMPANYING FINANCIAL STATEMENTS. HOWEVER, TO THE EXTENT THAT SOME AUXILIARY REVENUES EXCEED EXPENSES, THEY ARE CONSIDERED UNRELATED BUSINESS INCOME AND SUBJECT TO TAXES. THE COLLEGE FOLLOWS THE CODIFICATION TOPIC ON INCOME TAXES. THE TOPIC 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 MAY 31, 2013 AND 2012 DO NOT INCLUDE ANY LIABILITIES ASSOCIATED WITH UNCERTAIN TAX POSITIONS; FURTHER, THE COLLEGE HAS NO UNRECOGNIZED TAX BENEFITS. THE COLLEGE IS NO LONGER SUBJECT TO EXAMINATION OF ITS TAX RETURNS FOR YEARS BEFORE 2010. PART XI, LINE 2D - OTHER ADJUSTMENTS: ACTUARIAL ADJUSTMENT ON ANNUITIES 447,246. PART XI, LINE 4B - OTHER ADJUSTMENTS: TUITION DISCOUNTS AND FUNDED SCHOLARSHIPS 14,047,355. COST OF GOODS SOLD -215,045. INVESTMENT MANAGEMENT FEES 200,410. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 215,045. PART XII, LINE 4B - OTHER ADJUSTMENTS: TUITION DISCOUNTS AND FUNDED SCHOLARSHIPS 14,047,355. INVESTMENT MANAGEMENT FEES 198,049. 1 0 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 SEE SCHEDULE O EXPLANATION OF GOVERNMENT FINANCIAL ASSISTANCE SCHEDULE E, PART I, LINE 6 THE COLLEGE RECEIVES AN INSTITUTIONAL ASSISTANCE GRANT BASED ON THE NUMBER OF PENNSYLVANIA STATE GRANT RECIPIENTS FROM THE PENNSYLVANIA HIGHER EDUCATION ASSISTANCE AGENCY. 1 EUROPE (INCLUDING ICELAND & GREENLAND) - 1 2 PROGRAM SERVICES EDUCATION 553506 EUROPE (INCLUDING ICELAND & GREENLAND) - 0 0 GRANTS TO RECIPIENTS LOCATED IN REGION SCHOLARSHIPS 216031 MIDDLE EAST AND NORTH AFRICA - 0 0 GRANTS TO RECIPIENTS LOCATED IN REGION SCHOLARSHIPS 5400 EAST ASIA AND THE PACIFIC - 0 0 GRANTS TO RECIPIENTS LOCATED IN REGION SCHOLARSHIPS 20169 CENTRAL AMERICA AND THE CARIBBEAN - 0 0 GRANTS TO RECIPIENTS LOCATED IN REGION SCHOLARSHIPS 12584 SUB-SAHARAN AFRICA 0 0 GRANTS TO RECIPIENTS LOCATED IN REGION SCHOLARSHIPS 8146 SOUTH AMERICA - ARGENTINA, BOLIVIA, 0 0 GRANTS TO RECIPIENTS LOCATED IN REGION SCHOLARSHIPS 6000 CENTRAL AMERICA AND THE CARIBBEAN 0 0 FOREIGN INVESTMENTS 2759017 EAST ASIA AND THE PACIFIC 0 0 PROGRAM SERVICES EDUCATION 7900 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 CASH ACCOUNT 14022 1 2 0 0 1 2 3580853 21922 3602775 SCHOLARSHIPS EUROPE (INCLUDING ICELAND & GREENLAND) - 37 216031 POSTING TO STUDENT'S ACCOUNT N/A N/A SCHOLARSHIPS MIDDLE EAST AND NORTH AFRICA - 1 5400 POSTING TO STUDENT'S ACCOUNT N/A N/A SCHOLARSHIPS EAST ASIA AND THE PACIFIC - 6 20169 POSTING TO STUDENT'S ACCOUNT N/A N/A SCHOLARSHIPS CENTRAL AMERICA AND THE CARIBBEAN - 1 12584 POSTING TO STUDENT'S ACCOUNT N/A N/A SCHOLARSHIPS SUB-SAHARAN AFRICA 2 8146 POSTING TO STUDENT'S ACCOUNT N/A N/A SCHOLARSHIPS SOUTH AMERICA 1 6000 POSTING TO STUDENT'S ACCOUNT N/A N/A 1 0 1 1 0 0 PROCEDURE FOR MONITORING GRANTS OUTSIDE THE U.S.: SCHEDULE F, PART I, LINE 2: ON A SEMIMONTHLY BASIS THE ROME SITE DIRECTOR SUBMITS A BUSINESS ACTIVITY REPORT AND A COPY OF ALL RECEIPTS. THE BUSINESS ACTIVITY REPORT DETAILS THE AMOUNT, DESCRIPTION OF THE TRANSACTION AS WELL AS THE ACCOUNT THAT SHOULD BE CHARGED FOR THE TRANSACTION. THE SITE DIRECTOR ALSO SENDS A MONTHLY BANK STATEMENT SO THAT ALL BANKING TRANSACTIONS ARE PROPERLY CAPTURED ON GENEVA'S GENERAL LEDGER AND REVIEWED FOR APPROPRIATENESS. WITH RESPECT TO GENEVA STUDENTS STUDYING OUTSIDE THE U.S., THE REPORTABLE AID IS CREDITED TO STUDENT'S ACCOUNTS BY THE COLLEGE. STUDENTS RECEIVING SCHOLARSHIPS AND FELLOWSHIPS ARE JUDGED WORTHY BY THE INSTITUTION'S ASSESSMENT ON THE BASIS OF ACADEMIC ACHIEVEMENTS, FINANCIAL NEED AND OTHER SIMILAR STANDARDS. X X X X X X 1 MARTS & LUNDY 1200 WALL STREET WEST LYNDHURST NJ 07071 FEASIBILITY STUDY TO RAISE FUNDS/IDENTIFY PROSPECTIVE DONORS 0 0 48161 0 48161 AL AK AZ AR CA CO CT DE DC FL GA HI IL IN IA KS KY LA ME MD MA MI MN MS MO NV NH NJ NM NY NC ND OH OK OR PA RI SC TN TX UT VT VA WA WV WI 1 STUDENT SCHOLARSHIPS/FINANCIAL AID 1489 13779025 N/A N/A PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, PART I, LINE 2: GENEVA COLLEGE AWARDS GRANTS BASED UPON THE FOLLOWING: STUDENTS RECEIVING SCHOLARSHIPS AND FELLOWSHIPS ARE JUDGED WORTHY BY THE INSTITUTION'S ASSESSMENT ON THE BASIS OF ACADEMIC ACHIEVEMENTS, FINANCIAL NEED AND OTHER SIMILAR STANDARDS. X X 1 1 X X X X X 0 0 0 0 0 0 0 0 0 KENNETH A SMITH 173655 0 0 0 1909 0 8860 0 26674 0 211098 0 0 0 KENNETH P CARSON 148488 0 0 0 240 0 7626 0 43788 0 200142 0 0 0 LARRY K GRIFFITH 149174 0 0 0 247 0 7644 0 16110 0 173175 0 0 0 A PENNSYLVANIA HIGHER EDUCATIONAL FACILITIES AUTHORITY 232243852 2007-08-16 20052000 EQUIPMENT & CAPITAL PROJECTS, REFUNDING 0 0 0 A 20052000 17897024 154976 2000000 2009 0 1 0 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 0 A 0 0 0 0 0 0 0 0 0 A 0 THERE ARE NO NONQUALIFIED BONDS. ENROLLED STUDENTS CHILDREN OF 3 BOARD MEMBERS 47565 CREDIT TO STUDENT'S ACCOUNT FINANCIAL AID JERRYN CARSON FAMILY MEMBER OF KENNETH P. CARSON, PROVOST OF GENEVA COLLEGE. 38688 COMPENSATION 0 REBECCA J PHILLIPS FAMILY MEMBER OF KENNETH P. CARSON, PROVOST OF GENEVA COLLEGE. 41856 COMPENSATION 0 X 8 49135 FMV 0 0 1 0 PROGRAM SERVICE STATEMENT FORM 990, PART III, LINE 4A, PROGRAM SERVICE ACCOMPLISHMENTS: EDUCATION - GENEVA COLLEGE IS AN ACADEMICALLY RIGOROUS, CHRIST-CENTERED COLLEGE OF ARTS, SCIENCES AND PROFESSIONAL STUDIES. THE COLLEGE ENROLLS STUDENTS FROM NINE NATIONS, 35 STATES AND OVER 60 DENOMINATIONS. THE COLLEGE IS A NONPROFIT INSTITUTION ESTABLISHED IN 1848, LOCATED IN BEAVER FALLS, PA AND GOVERNED BY THE REFORMED PRESBYTERIAN CHURCH OF NORTH AMERICA (RPCNA). A FOUNDING MEMBER OF THE COUNCIL FOR CHRISTIAN COLLEGES & UNIVERSITIES (CCCU), THE COLLEGE CHALLENGES STUDENTS TO SERVE GOD IN ALL AREAS OF SOCIETY: WORK, FAMILY AND THE CHURCH. THE FULL AND PART TIME STUDENT ENROLLMENT WAS: SUMMER 2012 FALL 2012 SPRING 2013 FULL TIME: 334 1,660 1,589 PART TIME: 319 183 203 TOTAL: 653 1,843 1,792 FORM 990, PART VI, SECTION A, LINE 1 THE EXECUTIVE COMMITTEE CONSISTS OF THE THREE OFFICERS OF THE BOARD OF TRUSTEES (CHAIR, VICE CHAIR AND SECRETARY) ALONG WITH ALL STANDING BOARD OF TRUSTEE COMMITTEE CHAIRS. THE EXECUTIVE COMMITTEE IS EMPOWERED TO ACT AS NECESSARY ON BEHALF OF THE BOARD OF TRUSTEES WHEN IT IS NOT IN SESSION. UNLESS VETOED BY THE BOARD OF TRUSTEES AT ITS NEXT MEETING, ALL ACTIONS OF THE EXECUTIVE COMMITTEE ARE VALID AND BINDING ACTIONS OF THE BOARD OF TRUSTEES. ALL EXECUTIVE COMMITTEE MEMBERS ARE ALSO MEMBERS OF THE BOARD OF TRUSTEES. FORM 990, PART VI, SECTION A, LINE 2 -FAMILY RELATIONSHIP: JOHN P. EDGAR ESQ. AND DR. WILLIAM J. EDGAR FORM 990, PART VI, SECTION A, LINE 4 SIGNIFICANT CHANGES TO BYLAWS WERE AS FOLLOWS: THE BOARD OF TRUSTEES HAS FIDUCIARY RESPONSIBILITY FOR THE ACADEMIC PROGRAM OF THE COLLEGE, FOR ITS FINANCIAL WELL-BEING, AND FOR ITS FAITHFULNESS TO THE RELEVANT LAWS OF PA. THE BOARD OF TRUSTEES SHALL ESTABLISH RULES AND REGULATIONS CONCERNING ALL ELEMENTS GOVERNING THE FINANCIAL PLANS, AND WITH OPPORTUNITY FOR INPUT FROM THE FACULTY, THE ACADEMIC PROGRAM, OF THE COLLEGE. THE ENDOWMENT-INVESTMENT COMMITTEE HAS AUTHORITY TO INVEST AND RE-INVEST THE ENDOWMENT OR ANY OTHER NON-OPERATIONAL FUNDS OF THE CORPORATION AVAILABLE FOR INVESTMENT WHILE AT ALL TIMES BEING SUBJECT TO THE REGULATIONS OF THE BOARD ADOPTED PURSUANT TO ITS AUTHORITY. THIS COMMITTEE MAY DELEGATE DAY-TO-DAY MANAGEMENT OF INVESTMENTS TO ONE OR MORE PROFESSIONAL INVESTMENT MANAGERS. THE COLLEGE RESERVES THE RIGHT TO SELECT AND RETAIN PERSONNEL WHO ARE NOT MEMBERS OF PROTESTANT AND EVANGELICAL CONGREGATIONS, WHEN CIRCUMSTANCES WARRANT. THE PRESIDENT, WITH INPUT FROM THE FACULTY, APPOINTS ALL FACULTY MEMBERS. PREVIOUSLY, THE BY-LAWS STATED THAT THE PRESIDENT WILL APPOINT ALL FACULTY MEMBERS. THE PRESIDENT SHALL RECOMMEND TO THE BOARD OF TRUSTEES: THE BUYING, LEASING, MORTGAGING, OR SELLING OF REAL ESTATE; MAJOR DEVELOPMENT CAMPAIGNS. THE FACULTY SHALL MAKE RECOMMENDATIONS TO THE PRESIDENT OR THE PRESIDENT'S REPRESENTATIVES CONCERNING: CANDIDATES FOR EARNED DEGREES; FACULTY APPOINTMENTS; CANDIDATES FOR TENURE; CHANGES IN THE STRUCTURE OF ACADEMIC DEPARTMENTS OR DIVISIONS. PREVIOUSLY, THE BY-LAWS STATED PRESIDENT SHALL PRESENT THESE SAME PROPOSALS TO THE BOARD OF TRUSTEES. LANGUAGE WAS CHANGED FROM SUBJECTING EXECUTIVE COMMITTEE ACTION TO APPROVAL BY THE ENTIRE BOARD OF TRUSTEES AT ITS NEXT MEETING TO STATING THAT UNLESS VETOED BY THE BOARD OF TRUSTEES AT ITS NEXT MEETING, ALL ACTIONS OF THE EXECUTIVE COMMITTEE ARE VALID AND BINDING ACTIONS OF THE BOARD OF TRUSTEES. FORM 990, PART VI, SECTION A, LINE 6 GENEVA COLLEGE IS GOVERNED BY THE REFORMED PRESBYTERIAN CHURCH OF NORTH AMERICA (RPCNA). THE RPCNA ELECTS A BOARD OF CORPORATORS, AND ONE OF THE ROLES OF THE BOARD OF CORPORATORS IS TO ELECT THE BOARD OF TRUSTEES AND GIVE FINAL APPROVAL FOR THE ELECTION OF THE PRESIDENT OF THE COLLEGE. SIX TRUSTEES SHALL SERVE AS BOTH CORPORATORS AND TRUSTEES CONCURRENTLY. AT LEAST 11 OF THE 21 MEMBERS OF THE BOARD OF TRUSTEES MUST COME FROM THE MEMBERSHIP OF THE RPCNA. FORM 990, PART VI, SECTION A, LINE 7A GENEVA COLLEGE IS GOVERNED BY THE REFORMED PRESBYTERIAN CHURCH OF NORTH AMERICA (RPCNA). THE RPCNA ELECTS A BOARD OF CORPORATORS, AND ONE OF THE ROLES OF THE BOARD OF CORPORATORS IS TO ELECT THE BOARD OF TRUSTEES AND GIVE FINAL APPROVAL FOR THE ELECTION OF THE PRESIDENT OF GENEVA COLLEGE. SIX OF THE CORPORATORS ARE ALSO MEMBERS OF THE BOARD OF TRUSTEES OF GENEVA COLLEGE. FORM 990, PART VI, SECTION A, LINE 7B GENEVA COLLEGE IS A CHRISTIAN INSTITUTION OF HIGHER EDUCATION OPERATED BY A BOARD OF TRUSTEES, BUT GOVERNED BY A BOARD OF CORPORATORS. THE BOARD OF CORPORATORS HAS THE POWER TO ORDAIN AND ESTABLISH BYLAWS FOR THE REGULATION AND GOVERNMENT OF THE BUSINESS AND AFFAIRS OF THIS CORPORATION; SUBORDINATED, HOWEVER, TO THE ARTICLES OF INCORPORATION, THE CONSTITUTION AND LAW OF THE COMMONWEALTH OF PENNSYLVANIA, THE CONSTITUTION AND LAWS OF THE UNITED STATES OF AMERICA AND THE CONSTITUTION AND LAWS OF THE REFORMED PRESBYTERIAN CHURCH OF NORTH AMERICA. THE ELECTION OF THE PRESIDENT SHALL REQUIRE THE VOTES OF A MAJORITY OF THE MEMBERS OF THE BOARD OF TRUSTEES AND SHALL BE SUBJECT TO THE APPROVAL OF A MAJORITY OF THE BOARD OF CORPORATORS. THE PRESIDENT SHALL SERVE AT THE PLEASURE OF THE BOARD OF TRUSTEES AND SHALL RECEIVE SUCH COMPENSATION AS THE BOARD OF TRUSTEES PRESCRIBES. FORM 990, PART VI, SECTION B, LINE 11 THE FORM 990 IS REVIEWED BY THE CONTROLLER, AND EXECUTIVE VICE PRESIDENT. THE FORM 990 IS ALSO REVIEWED, DISCUSSED AND APPROVED BY THE BUSINESS COMMITTEE OF THE BOARD OF TRUSTEES. THE FORM 990 WILL BE MADE AVAILABLE TO ALL OF THE BOARD OF TRUSTEES PRIOR TO FILING WITH THE INTERNAL REVENUE SERVICE VIA THE WEB AND/OR A COPY WILL BE MAILED ELECTRONICALLY TO EACH MEMBER. FORM 990, PART VI, SECTION B, LINE 12C THE ADMINISTRATIVE ASSISTANT OF THE PRESIDENT COLLECTS AND REVIEWS ALL OF THE CONFLICT OF INTEREST STATEMENTS COMPLETED BY THE BOARD OF TRUSTEES AND MAINTAINS A CHECKLIST TO ENSURE THAT SHE RECEIVES ALL OF THEM. SHE THEN DOCUMENTS ANY DISCLOSURES MADE AND FORWARDS THIS DOCUMENT TO THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES FOR THEIR REVIEW. FORM 990, PART VI, SECTION B, LINE 15A PRESIDENT/CEO - THE COMMITTEE ESTABLISHED A COMPENSATION TARGET OF THE 60TH PERCENTILE OF CCCU SCHOOLS FOR THE PRESIDENT AFTER REVIEWING DATA PROVIDED BY THE COLLEGE'S COMPENSATION CONSULTANT. THE PRESIDENT'S PERFORMANCE AND THE COLLEGE'S FINANCIAL POSITION WERE ALL FACTORED INTO THE COMMITTEE'S RECOMMENDATION TO THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES. -TOP MGMT/OTHER OFFICERS/KEY EMPLOYEES - FOR THE EXECUTIVE VICE PRESIDENT AND THE PROVOST POSITIONS, THE DIRECTOR OF HUMAN RESOURCES PROVIDES COMPENSATION DATA TO THE PRESIDENT ON THE RELATIVE PLACE OF EACH POSITION WITHIN ITS PAY RANGE. PAY RANGES ARE ESTABLISHED BASED ON BENCHMARKS TO SURVEY DATA USING THE 60TH PERCENTILE OF CCCU SCHOOLS REPORTED IN THE SURVEY. THE DIRECTOR OF HUMAN RESOURCES PARTICIPATES IN AND HAS ACCESS TO A COMPENSATION SURVEY WITH OTHER CHRISTIAN COLLEGES THROUGH CUPA-HR'S DATA ON DEMAND FEATURE. THE BENCHMARK CHOSEN IS THE 60TH PERCENTILE OF CCCU SCHOOLS. THE PRESIDENT CONSIDERS THE PREVIOUS YEAR'S PERFORMANCE AND GOAL ATTAINMENT IN MAKING COMPENSATION ADJUSTMENTS (USING A SIMILAR RAISE MATRIX USED FOR OTHER STAFF EMPLOYEE WHICH ESTABLISHES A GENERAL RAISE RANGE PARAMETER BASED ON PERFORMANCE RATING AND PAY RANGE PENETRATION). HE ALSO CONSIDERS THE RESPONSIBILITIES AND PROJECTS ACCOMPLISHED AND NEW DUTIES ASSUMED IN THE PREVIOUS YEAR. THE PRESIDENT INFORMS THE DIRECTOR OF HUMAN RESOURCES OF THE APPROPRIATE CHANGES TO EXECUTIVE COMPENSATION. THE PRESIDENT MAY ALSO DIRECT THE DIRECTOR OF HUMAN RESOURCES TO PAY RELATIVELY SMALL PERFORMANCE BONUSES FROM TIME TO TIME. FOR POSITIONS SUCH AS DEANS AND ASSOCIATE VICE PRESIDENTS FOR THE FUNCTIONAL AREAS OF THE COLLEGE, THE PROCESS FOR ESTABLISHING PAY (AND PAY INCREASES) IS THE SAME AS ABOVE EXCEPT THAT THE DECISION MAKERS FOR THESE POSITIONS REST WITH THEIR RESPECTIVE SUPERVISOR, EITHER THE PROVOST OR THE EXECUTIVE VICE PRESIDENT. FORM 990, PART VI, SECTION C, LINE 19 GENEVA COLLEGE MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY STATEMENT AND FINANCIAL STATEMENTS AVAILABLE FOR PUBLIC INSPECTION UPON REQUEST AND THROUGH ITS OWN WEBSITE. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 9: ACTUARIAL ADJUSTMENT ON ANNUITIES 447,246. INVESTMENT EXPENSES -2,361. FORM 990, PART XI, QUESTION 2, OVERSIGHT OF FINANCIAL STATEMENT AUDIT: THE COLLEGE'S FINANCIAL STATEMENTS ARE AUDITED BY AN INDEPENDENT ACCOUNTING FIRM. IN ADDITION, THE ORGANIZATION HAS A COMMITTEE THAT ASSUMES THE RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND ITS SELECTION OF THE INDEPENDENT ACCOUNTANT. THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. SCHEDULE E, LINE 3: GENEVA COLLEGE ADMITS STUDENTS OF ANY RACE, COLOR, SEX, DISABILITY AND NATIONAL OR ETHNIC ORIGIN TO ALL OF THE RIGHTS AND PRIVILEGES, PROGRAMS AND ACTIVITIES GENERALLY ACCORDED OR MADE AVAILABLE TO STUDENTS AT THE SCHOOL. GENEVA DOES NOT DISCRIMINATE AGAINST STUDENTS ON THE BASIS OF RACE, COLOR, SEX, DISABILITY OR ETHNIC ORIGIN IN THE ADMINISTRATION OF ITS EDUCATIONAL POLICIES, SCHOLARSHIP AND LOAN PROGRAMS, ATHLETIC ACTIVITIES OR OTHER SCHOOL-ADMINISTERED PROGRAMS. GENEVA COLLEGE DRAWS A MAJORITY OF ITS STUDENTS FROM THE NORTHEAST AND MIDWEST PORTIONS OF THE UNITED STATES, AND PARTICULARLY SOUTHWEST PENNSYLVANIA. THE COLLEGE FOLLOWS A RACIALLY NONDISCRIMINATORY POLICY IN ITS RECRUITING OF ITS STUDENTS. THE COLLEGE ENROLLS STUDENTS OF RACIAL MINORITY GROUPS IN MEANINGFUL NUMBERS. THE COLLEGE PUBLICIZES ITS RACIALLY NONDISCRIMINATORY POLICY ON ITS WEBSITE, WHICH IS THE MOST IMPORTANT VEHICLE FOR PROVIDING INFORMATION ABOUT THE INSTITUTION TO PROSPECTIVE STUDENTS AS WELL AS OTHER CONSTITUENTS SUCH AS CURRENT STUDENTS, FACULTY, STAFF, PARENTS, ALUMNI AND SUPPORTERS. IT ALSO INCLUDES ITS NONDISCRIMINATORY POLICY ON ALL APPLICATIONS FOR ENROLLMENT IN ALL OF ITS PROGRAMS TRADITIONAL UNDERGRADUATE, ADULT DEGREE AND GRADUATE PROGRAMS. IF PROSPECTIVE STUDENTS OR INTERESTED PARTIES ARE SEARCHING FOR INFORMATION ABOUT ENROLLMENT AT THE COLLEGE THROUGH THE WEBSITE, THROUGH ENROLLMENT STAFF OR THROUGH THE ELECTRONIC OR WRITTEN APPLICATION PROCESS, THEY WILL BE INFORMED OF THE RACIALLY NONDISCRIMINATORY POLICY OF GENEVA COLLEGE. REFORMED PRESBYTERIAN CHURCH OF NORTH AMERICA 7418 PENN AVENUE PITTSBURGH PA 15208 250987250 A CHURCH SPREADING THE GOSPEL OF JESUS CHRIST & DISCIPLING BELIEVERS. PA 501(C)(3) 170(B)(1)(A)(I) N/A 0 DOLLENA K DRANE TRUST 3200 COLLEGE AVENUE BEAVER FALLS PA 15010 256837004 PHILANTHROPY PA N/A T 56516 1159485 1.00000 0 CHARITABLE REMAINDER UNITRUST (5) PA T 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1