2014-05-08T08:54:23-05:00 2013-06-30 232932984 PARENTEBEARD LLC 46 PUBLIC SQUARE SUITE 400 WILKESBARRE PA 187012681 990 2012-07-01 231352354 LEBANON VALLEY COLLEGE LEBA 7178676206 101 NORTH COLLEGE AVENUE ANNVILLE PA 170030501 DEBORAH FULLAM 7178676206 2014-05-02 1 JULIUS C GREEN CPA JD P00350393 2159720701 2012 2015-11-30 17:44:51Z LEWIS E THAYNE 101 NORTH COLLEGE AVENUE ANNVILLE PA 170030501 99064726 0 X WWW.LVC.EDU X 1866 PA PROVIDES EDUCATIONAL SERVICES AT THE UNDERGRADUATE AND GRADUATE LEVEL. 35 26 1776 667 396930 -55319 4716228 5156612 57339608 59008028 775890 717813 12299883 12716198 75131609 77598651 26660401 27643091 0 0 26559689 27447009 0 0 1234559 20957275 22464113 74177365 77554213 954244 44438 158763668 158026806 45166712 43074497 113596956 114952309 X LEBANON VALLEY COLLEGE IS A SMALL, PRIVATE, LIBERAL ARTS COLLEGE. ITS MISSION ARISES DIRECTLY FROM ITS HISTORICAL TRADITIONS AND A RELATIONSHIP WITH THE UNITED METHODIST CHURCH. THE COLLEGE'S AIM IS TO ENABLE OUR STUDENTS TO BECOME PEOPLE OF BROAD VISION, CAPABLE OF MAKING INFORMED DECISIONS, AND PREPARED FOR A LIFE OF SERVICE TO OTHERS. TO THAT END WE SEEK TO PROVIDE AN EDUCATION THAT HELPS STUDENTS TO ACQUIRE THE KNOWLEDGE, SKILLS, ATTITUDES, AND VALUES NECESSARY TO LIVE AND WORK IN A CHANGING, DIVERSE, AND FRAGILE WORLD. THROUGH BOTH CURRICULAR AND CO-CURRICULAR ACTIVITIES WE ENDEAVOR TO ACQUAINT OUR STUDENTS WITH HUMANITY'S MOST SIGNIFICANT IDEAS AND ACCOMPLISHMENTS, TO DEVELOP THEIR ABILITIES TO THINK LOGICALLY AND COMMUNICATE CLEARLY, TO GIVE THEM PRACTICE IN PRECISE ANALYSIS AND EFFECTIVE PERFORMANCE, AND TO ENHANCE THEIR SENSITIVITY TO AND APPRECIATION OF DIFFERENCES AMONG HUMAN BEINGS. 0 0 69284484 27643091 59448716 LEBANON VALLEY COLLEGE, FOUNDED IN 1866, OFFERS BACHELOR'S DEGREES IN 35 MAJORS; MASTER'S DEGREES IN BUSINESS ADMINISTRATION, MUSIC EDUCATION, AND SCIENCE EDUCATION; AND A DOCTORAL DEGREE IN PHYSICAL THERAPY. LOCATED EIGHT MILES FROM HERSHEY, PENNSYLVANIA, THIS LIBERAL ARTS COLLEGE OF 1,984 TOTAL ENROLLED STUDENTS PRODUCES ALUMNI WHO ATTEND GRADUATE AND PROFESSIONAL SCHOOL AND ARE EMPLOYED BY TOP COMPANIES. NEARLY 80% OF OUR FIRST-TIME, FULL-TIME FRESHMAN (WHO HAVE HIGH SCHOOL CLASS RANKS) GRADUATE IN THE TOP 30% OF THEIR HIGH SCHOOL CLASS & RECEIVE SCHOLARSHIPS OF UP TO HALF THEIR TUITION. 69284484 1 1 0 0 0 0 0 1 0 1 1 0 0 0 1 1 1 0 1 0 1 0 1 0 1 0 0 1 1 1 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 1 2826 0 1 1776 1 1 1 0 0 0 0 1 1 0 0 0 0 X 35 26 1 1 0 0 0 0 0 1 1 0 0 1 1 1 1 1 0 1 1 0 PA X ELEANOR LEWIS 7178676206 101 NORTH COLLEGE AVENUE ANNVILLE PA 170030501 X WESLEY T DELLINGER 1.00 X X 0 0 0 GEORGE M REIDER JR 1.00 X X 0 0 0 KATHERINE J BISHOP 1.00 X X 0 0 0 GEORGE J KING 1.00 X X 0 0 0 GERET P DEPIPER 1.00 X X 0 0 0 KRISTEN R ANGSTADT 1.00 X 0 0 0 EDWARD D BREEN 1.00 X 0 0 0 TERENCE C BROWN 1.00 X 0 0 0 REV ALFRED T DAY III 1.00 X 0 0 0 SUSANNE HARLEY DOMBROWSKI 1.00 X 0 0 0 RONALD J DRNEVICH 1.00 X 0 0 0 RENEE FRITZ 1.00 X 884 0 0 JAMES G GLASGOW 1.00 X 0 0 0 WENDIE DIMATTEO HOLSINGER 1.00 X 0 0 0 MALCOLM L LAZIN 1.00 X 0 0 0 SETH MENDELSOHN 1.00 X 9000 0 0 CARROLL SKIP MISSIMER 1.00 X 0 0 0 CHESTER Q MOSTELLER 1.00 X 0 0 0 RENEE LAPP NORRIS 40.00 X 61857 0 11006 STEPHEN M NELSON 1.00 X 0 0 0 LYNN G PHILLIPS 1.00 X 0 0 0 MICHAEL PITTARI 40.00 X 60964 0 20162 JEFFREY ROBBINS 40.00 X 63366 0 20228 STEPHEN H ROBERTS 1.00 X 0 0 0 ELLIOTT ROBINSON 1.00 X 0 0 0 ELYSE E ROGERS 1.00 X 0 0 0 TRACEY A STOVER 1.00 X 0 0 0 ALAN A SYMONETTE 1.00 X 0 0 0 RYAN H TWEEDIE 1.00 X 0 0 0 ELIZABETH R UNGER 1.00 X 0 0 0 ROBERTO M VALDES 1.00 X 9838 0 0 ALBERTINE P WASHINGTON 1.00 X 0 0 0 SAMUEL A WILLMAN 1.00 X 0 0 0 JEANNE D ARNOLD 1.00 X 0 0 0 SUSAN M CORBETT 1.00 X 0 0 0 M LOUISE HESS 1.00 X 0 0 0 KAT O'HARA 1.00 X 684 0 0 KAREN A SCHMITT 1.00 X 0 0 0 KENNETH YARNALL 40.00 X 70548 0 20851 LEWIS E THAYNE 40.00 X X 120426 0 13553 STEVEN MACDONALD 40.00 X 248441 0 30368 DEBORAH FULLAM 40.00 X 172850 0 15813 MARY ELIZABETH 40.00 X 88797 0 13169 MICHAEL GREEN 40.00 X 168727 0 31074 ROBERT RILEY 40.00 X 153621 0 27708 STAN DACKO 40.00 X 115109 0 28281 GREGORY KRIKORIAN 40.00 X 123253 0 31873 DAVID RUDD 40.00 X 111296 0 23283 WILLIAM BROWN 40.00 X 114581 0 26125 ANNE BERRY 40.00 X 168737 0 8221 1862979 0 321715 11 0 1 1 METZ CULINARY MANAGEMENT 2 WOODLAND DRIVE DALLAS PA 18612 FOOD SERVICE PROVIDER 3445784 CLARK COMPANIES PO BOX 427 DELHI NY 13753 CONSTRUCTION SERVICES 1490800 JEM GROUP LLC 509 NORTH SECOND STREET HARRISBURG PA 17101 CONSTRUCTION SERVICES 1041636 HIGH CONSTRUCTION 1853 WILLIAM PENN WAY LANCASTER PA 17605 CONSTRUCTION SERVICES 726900 ROYALL & COMPANY 1920 EAST PARHAM ROAD RICHMOND VA 23229 PUBLICATIONS 412175 17 46742 2372031 2737839 97535 5156612 STUDENT TUITION AND FEES 611600 59008028 59008028 59008028 1050965 1050965 8675 16321 -7646 -7646 -7646 20965241 300 21298693 0 -333452 300 -333152 -333152 19585 46742 21762 -2177 -2177 145889 129299 16590 16590 DORMITORIES 721000 6085644 6085644 DINING HALL 722320 5461101 5461101 ATHLETIC CAMPS & TOURNAMENTS 713990 440688 440688 721998 396930 325068 12709431 77598651 59448716 396930 12596393 92200 92200 27514222 27514222 36669 36669 900831 494923 315908 90000 20536947 17193620 2676356 666971 1559502 1291339 212506 55657 2913701 2409582 400084 104035 1536028 1274201 208215 53612 132278 132278 77440 77440 101713 101713 4379046 3702721 560931 115394 1326058 1287741 38317 2217839 1721327 435736 60776 168557 152609 13691 2257 1660936 1647832 13104 899455 784969 74665 39821 1329908 1329908 5433539 5433539 512316 512316 REPAIR/MAINTENANCE 1705326 1171611 529898 3817 BUILDING MAINTENANCE 841679 841679 LIBRARY MATERIALS 814113 814113 STUCO/CULTURAL PROGRAMS 236460 236460 627450 418926 204622 3902 77554213 69284484 7035170 1234559 4001 4001 3282191 3959220 2177290 1901707 1266211 718265 2148053 2166625 63606 52462 1342219 1332442 158529404 67730490 91469306 90798914 50201748 52418704 6809043 4674466 158763668 158026806 4587925 3744968 183533 166890 36624796 35192552 3770458 3970087 45166712 43074497 X 65372265 66208535 13472373 12719060 34752318 36024714 113596956 114952309 158763668 158026806 X 44438 1299347 11568 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X 0 45126214 1347586 1732280 1005251 1097685 46103144 46369916 1461762 -749106 929836 1026522 45126214 41520440 1298876 5598544 970532 1077412 46369916 36996024 1620390 4927745 955170 1068549 41520440 43594697 872142 -5434999 959263 1076553 36996024 0.14000 0.67000 0.19000 0 0 2046590 2046590 119438374 46529101 72909273 19838333 13634996 6203337 17206107 7566393 9639714 90798914 LIABILITY ON ANNUITY CONTRACTS 913194 STUDENT CREDIT BALANCES AND DEPOSITS 1338412 ADVANCES FROM FEDERAL GOVERNMENT FOR STUDENT LOANS 1718481 3970087 X 53284064 1299347 -25679603 -24380256 77664320 101713 -167382 -65669 77598651 51928711 167382 167382 51761329 101713 25691171 25792884 77554213 PART III, LINE 4: THE COLLEGE'S COLLECTION CONSISTS OF ARTWORK, RARE BOOKS AND OTHER OBJECTS. THE COLLECTION IS HELD FOR EDUCATION, RESEARCH AND PUBLIC EXHIBITION AND IS PROTECTED, KEPT UNENCUMBERED, CARED FOR AND PRESERVED. DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: TO SUPPORT EDUCATIONAL PROGRAMS IN ACCORDANCE WITH THE DONOR DESIGNATIONS. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X, LINE 2: THE COLLEGE FOLLOWS THE FASB GUIDANCE THAT REQUIRES A TAX POSITION TO BE RECOGNIZED BASED ON A "MORE LIKELY THAN NOT' TO BE SUSTAINED UPON EXAMINATION THRESHOLD. THE COLLEGE DOES NOT BELIEVE ITS FINANCIAL STATEMENTS INCLUDE ANY UNCERTAIN TAX POSITIONS. THE COLLEGE'S FEDERAL EXEMPT ORGANIZATION BUSINESS INCOME TAX RETURNS FOR 2011, 2010, AND 2009 REMAIN SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE. PART XI, LINE 2D - OTHER ADJUSTMENTS: STUDENT EDUCATIONAL GRANTS -25,691,171. CHANGE IN CASH SURRENDER VALUE 11,568. PART XI, LINE 4B - OTHER ADJUSTMENTS: COST OF GOODS FOR SALE OF INVENTORY -129,299. RENTAL EXPENSES -16,321. SPECIAL EVENTS EXPENSES -21,762. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSE 16,321. COST OF GOODS FOR SALE OF INVENTORY 129,299. SPECIAL EVENTS EXPENSES 21,762. PART XII, LINE 4B - OTHER ADJUSTMENTS: STUDENT EDUCATIONAL GRANTS 25,691,171. 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 THE POLICY IS INCLUDED ON THE COLLEGE'S CATALOG, WEBSITE, PUBLICATIONS, ETC. EXPLANATION OF GOVERNMENT FINANCIAL ASSISTANCE SCHEDULE E, PART I, LINE 6 THE COLLEGE RECEIVES VARIOUS FEDERAL GRANTS DIRECTLY FROM THE U.S. DEPARTMENT OF EDUCATION. THESE GRANTS INCLUDE SUPPLEMENTAL EDUCATION OPPORTUNITY GRANTS, COLLEGE WORK-STUDY FUNDING, AND PELL GRANTS. THE COLLEGE ALSO RECEIVES GRANTS FROM THE COMMONWEALTH OF PENNSYLVANIA. 0 BERMUDA INVESTMENT 838825 0 0 0 0 0 0 838825 0 838825 INTERNATIONAL STUDENT GRANT ASIA 1 14223 DISBURSEMENT TO STUDENT ACCOUNTS N/A CASH INTERNATIONAL STUDENT GRANT EUROPE 1 11223 DISBURSEMENT TO STUDENT ACCOUNTS N/A CASH INTERNATIONAL STUDENT GRANT CANADA 1 11223 DISBURSEMENT TO STUDENT ACCOUNTS N/A CASH 0 0 0 0 1 0 LVEP GOLF TOURNAMENT 45667 35083 10584 4730 4753 3793 LVC GOLF CLASSIC 20660 11659 9001 1900 3697 2889 66327 46742 19585 6630 8450 6682 21762 -2177 1 ANVILLE TOWNSHIP 36 NORTH LANCASTER STREET ANNVILLE PA 17003 236003026 N/A 72200 CASH N/A CONTRIBUTION FOR DEVELOPMENT OF DOWNTOWN ANNVILLE AND UNRESTRICTED CONTRIBUTION TO SUPPORT THE TOWNSHIP ANVILLE -CLEONA SCHOOL DISCTICT 500 SOUTH WHITE OAK STREET ANNVILLE PA 17003 231602952 N/A 17300 CASH N/A UNRESTRICTED CONTRIBUTION TO SUPPORT THE SCHOOL DISTRICT 2 0 LVC GRANTS & SCHOLARSHIPS 1552 25530020 CASH N/A SEOG GRANTS 34 124482 CASH N/A STUDENT AWARDS 124 286817 CASH N/A PELL GRANTS 398 1488568 CASH N/A FACULTY ACADEMIC GRANTS 22 32335 CASH N/A TEACH GRANT 13 52000 CASH N/A PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, PART I, LINE 2: ALL STUDENTS APPLYING FOR FEDERAL FUNDS ARE REQUIRED TO SUBMIT THE FREE APPLICATION FOR FEDERAL STUDENT AID ("FAFSA"). THE FINANCIAL AID OFFICE REVIEWS THE RESULTS OF THE FAFSA, WHICH DICTATES WHAT AND HOW MUCH FEDERAL FUNDING THE INDIVIDUAL STUDENT IS ELIGIBLE FOR. IF THE STUDENT IS DETERMINED TO BE IN COMPLIANCE WITH ALL FEDERAL REGULATIONS, AS DETERMINED BY THE DEPT. OF ED., THE FINANCIAL AID OFFICE AWARDS THE STUDENT THE APPROPRIATE FUNDING. STUDENT FILES REGARDING ELIGIBILITY ARE MAINTAINED BY THE FINANCIAL AID OFFICE. X X 1 1 X X X X 1 0 0 0 0 0 0 0 0 STEVEN MACDONALD 248441 0 0 0 0 0 21375 0 8993 0 278809 0 0 0 DEBORAH FULLAM 172850 0 0 0 0 0 15377 0 436 0 188663 0 0 0 MICHAEL GREEN 168727 0 0 0 0 0 15802 0 15272 0 199801 0 0 0 ROBERT RILEY 153621 0 0 0 0 0 14350 0 13358 0 181329 0 0 0 GREGORY KRIKORIAN 123253 0 0 0 0 0 12234 0 19639 0 155126 0 0 0 ANNE BERRY 168737 0 0 0 0 0 5602 0 2619 0 176958 0 0 0 PART I, LINE 1A FROM THE EMPLOYMENT AGREEMENT BETWEEN LEBANON VALLEY COLLEGE AND LEWIS E. THAYNE - "THE COLLEGE SHALL PAY OR REIMBURSE THE EXECUTIVE FOR ALL REASONABLE BUSINESS EXPENSES INCURRED BY THE EXECUTIVE (AND HIS SPOUSE WHERE THERE IS A LEGITIMATE BUSINESS REASON FOR HIS SPOUSE TO ACCOMPANY HIM) IN CONNECTION WITH THE PERFORMANCE OF HIS DUTIES AND OBLIGATIONS UNDER THIS AGREEMENT. SUCH PAYMENTS SHALL INCLUDE REASONABLE REIMBURSEMENTS FOR TICKETS, SUBSCRIPTIONS, ETC. FOR THE EXECUTIVE AND HIS SPOUSE TO WORK-RELATED FUND RAISING EVENTS IN THE COMMUNITY. THESE EXPENDITURES SHALL BE SUBJECT TO THE REVIEW AND APPROVAL OF THE CHAIR OF THE BOARD." PART I, LINE 4A AN INDIVIDUAL REPORTED ON FORM 990 PART VII RECEIVED A SEVERANCE PAYMENT DURING 2012. RON DRNEVICH TRUSTEE 2226363 RON DRNEVICH IS AN OFFICER OF CAPITAL BLUE CROSS, THE COLLEGE'S MEDICAL INSURANCE PROVIDER. ALL TRANSACTIONS ARE COMPLETED ON AN ARM'S LENGTH BASIS. 0 WENDIE HOLSINGER TRUSTEE 932188 WENDIE HOLSINGER SERVICE ON THE LEBANON DIVISION OF THE FULTON BANK ADVISORY BOARD, THE COLLEGE'S FINANCIAL INSTITUTION. ALL TRANSACTIONS WITH FULTON ARE COMPLETED ON AN ARM'S LENGTH BASIS. INTEREST AND FEES PAID TO FULTON EQUAL $932,188 FOR FISCAL YEAR 2013. 0 X 2 1600 EXPERT OPINION/APPRAISAL X 11594 EXPERT OPINION X 9 78535 CLOSING COST X INSTRUMENTS 2 19000 EXPERT OPINION/APPRAISAL X MISC ITEMS 3 6331 COST 0 1 0 FORM 990, PART VI, SECTION A, LINE 2 CURRENT TRUSTEES, RONALD DRNEVICH AND KATHERINE BISHOP HAVE A BUSINESS RELATIONSHIP. FORM 990, PART VI, SECTION A, LINE 3 THE COLLEGE OUTSOURCED ITS FOOD SERVICE TO METZ. THE COLLEGE ALSO OUTSOURCED ITS BOOKSTORE OPERATIONS TO BARNES AND NOBLE. FORM 990, PART VI, SECTION B, LINE 11 THE AUDIT COMMITTEE OF THE BOARD REVIEWED THE COMPLETE 990 IN DETAIL DURING THE MARCH AUDIT COMMITTEE MEETING. A FULL COPY OF THE 990 WAS POSTED ON THE COLLEGE'S PORTAL FOR THE FULL BOARD'S REVIEW PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY IS DISTRIBUTED ANNUALLY. IN THE CASE OF THE BOARD AND SENIOR STAFF, INCLUDING THE PRESIDENT, THE TRUSTEESHIP COMMITTEE DEVELOPED A FORM, WHICH IS SCHEDULED TO BE COMPLETED ANNUALLY. LANGUAGE ON THE FORMS WAS MODIFIED IN 2010 TO BETTER REFLECT IRS FORM 990 DEFINITIONS / REQUIREMENTS. COMPLETED TRUSTEE FORMS ARE REVIEWED BY THE EXECUTIVE ASSISTANT TO THE PRESIDENT, AND MEMBERS OF THE TRUSTEESHIP COMMITTEE. MEMBERS OF THE TRUSTEESHIP COMMITTEE NOTE ANY RESPONSES THAT REQUIRE ATTENTION. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION OF PRESIDENT AND VPS IS REVIEWED ANNUALLY BY COMPENSATION SUBCOMMITTEE OF BOARD TO ENSURE THAT COMPENSATION DOES NOT EXCEED FAIR MARKET VALUE. EXTERNAL BENCHMARK DATA FROM CUPA-HR IS SHARED AS A PART OF THIS REVIEW. COMPENSATION SUBCOMMITTEE MAKES THE DETERMINATION AND THE PROCESS IS NOTED IN MEETING MINUTES. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE AT 101 NORTH COLLEGE AVENUE UPON REQUEST. FORM 990, PART VII THE FOLLOWING TRUSTEES ARE ALSO ON THE FACULTY OF LEBANON VALLEY COLLEGE WORKING EITHER FULLTIME, AS PART-TIME ADJUNCT PROFESSOR, OR STUDENT EMPLOYEES WORKING DURING THE ACADEMIC YEAR. COMPENSATION REPORTED ON PART VII RELATES TO THEIR EMPLOYMENT POSITIONS: - RENEE LAPP NORRIS - MICHAEL PITTARI - JEFFREY ROBBINS - KENNETH YARNALL - KAT O'HARA - ROBERTO VALDES - RENEE FRITZ - SETH MENDELSOHN CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 9: CHANGE IN CASH SURRENDER VALUE 11,568. FORM 990, PART VI, LINE 1 THE EXECUTIVE COMMITTEE IS COMPRISED OF OFFICERS OF THE BOARD, CHAIRS OF STANDING COMMITTEES, AND UP TO FOUR ADDITIONAL TRUSTEES AS APPOINTED BY THE CHAIR OF THE BOARD. ALL MEMBERS OF THE EXECUTIVE COMMITTEE MUST BE VOTING MEMBERS OF THE BOARD OF TRUSTEES. THE BYLAWS OF THE BOARD OF TRUSTEES STIPULATE THAT THE EXECUTIVE COMMITTEE HAS, AND MAY EXERCISE ALL POWERS OF THE BOARD OF TRUSTEES IN THE TRANSACTION OF THE BUSINESS OF THE COLLEGE BETWEEN MEETINGS OF THE BOARD. UNLESS SPECIFICALLY EMPOWERED BY THE BOARD, THE EXECUTIVE COMMITTEE MAY NOT TAKE ANY ACTION INCONSISTENT WITH A PRIOR ACT OF THE BOARD OF TRUSTEES, AWARD DEGREES, ALTER BYLAWS, LOCATE PERMANENT BUILDINGS IN TAX-EXEMPT PROPERTY HELD FOR COLLEGE PURPOSES, PURCHASE OR SELL, MORTGAGE OR LEASE OR OTHERWISE ACQUIRE OR DISPOSE OF REAL PROPERTY, REMOVE OR APPOINT THE PRESIDENT OF THE COLLEGE, OR TAKE ANY OTHER ACTION THAT HAS BEEN RESERVED BY OR FOR THE BOARD. FORM 990, PART VI, LINE 14: SEPARATE RETENTION POLICIES ARE MAINTAINED AT THE DEPARTMENT/DIVISIONAL LEVELS. IT IS THE COLLEGE'S GOAL TO CONSOLIDATE THESE POLICIES AND DEVELOP AN INSTITUTIONAL WIDE RETENTION POLICY.