2014-05-12T09:55:32-05:00 2013-06-30 232932984 PARENTEBEARD LLC 1650 MARKET STREET SUITE 4500 PHILADELPHIA PA 19103 990 2012-07-01 231352626 CHESTNUT HILL COLLEGE CHES 2152487084 9601 GERMANTOWN AVENUE PHILADELPHIA PA 19118 LAURI STRIMKOVSKY 2152487084 2014-05-09 1 JULIUS GREEN CPA P00350393 2159720701 2012 2015-11-30 17:44:51Z LAURI STRIMKOVSKY 9601 GERMANTOWN AVENUE PHILADELPHIA PA 19118 56981009 0 X WWW.CHC.EDU X 1924 PA PRIVATE LIBERAL ARTS COLLEGE SPONSORED BY THE CONGREGATION OF THE SISTERS OF ST. JOSEPH. 30 30 979 40 170132 -3600 5024723 4588727 47527136 48408620 58300 425492 61592 328765 52671751 53751604 13563229 14200797 0 0 17709439 17870304 0 0 1430939 19531563 20372355 50804231 52443456 1867520 1308148 67197845 67334128 41130769 38750203 26067076 28583925 X CHESTNUT HILL COLLEGE, FOUNDED IN 1924, IS AN INDEPENDENT, CATHOLIC INSTITUTION THAT FOSTERS EQUALITY THROUGH EDUCATION. THE COLLEGE ESPOUSES THE BELIEFS AND VALUES INHERENT IN THE JUDEO-CHRISTIAN TRADITION WHILE IT RESPECTS THE CONTRIBUTIONS MADE BY OTHER FAITH TRADITIONS IN THE DEVELOPMENT OF THE WHOLE PERSON. THE COLLEGE NURTURES A SENSE OF INTEGRITY, SPIRITUALITY, AND SOCIAL JUSTICE IN ALL. THE MISSION OF THE COLLEGE IS TO PROVIDE STUDENTS WITH A HOLISTIC EDUCATION IN AN INCLUSIVE CATHOLIC COMMUNITY MARKED BY ACADEMIC EXCELLENCE, SHARED RESPONSIBILITY, PERSONAL AND PROFESSIONAL GROWTH, SERVICE TO ONE ANOTHER AND TO THE GLOBAL COMMUNITY, AND CONCERN FOR THE EARTH. 0 0 43649815 14200797 48394038 BASED ON A STRONG LIBERAL ARTS TRADITION, THE COLLEGE OFFERS ACADEMIC PROGRAMS OF EXCELLENCE IN THE AREAS OF UNDERGRADUATE, GRADUATE, AND CONTINUING & PROFESSIONAL STUDIES. UNDERGRADUATE STUDENTS MAY STUDY TOWARDS BACHELOR'S DEGREES IN ONE OF TWO SCHOOLS OF THE COLLEGE. THE SCHOOL OF UNDERGRADUATE STUDIES OFFERS A RIGOROUS LIBERAL ARTS EDUCATION THAT PROVIDES STUDENTS WITH A BROAD BACKGROUND IN THE HUMANITIES, SOCIAL SCIENCES, AND NATURAL SCIENCES. THE SCHOOL OF CONTINUING & PROFESSIONAL STUDIES (AN ACCELERATED PROGRAM) EXTENDS OPPORTUNITIES FOR UNDERGRADUATE STUDY TO MATURE MEN AND WOMEN DURING EVENING AND WEEKEND HOURS. IN THE SCHOOL OF GRADUATE STUDIES, STUDENTS MAY PURSUE MASTERS DEGREES IN THE FOLLOWING AREAS: INSTRUCTIONAL TECHNOLOGY, COUNSELING AND CLINICAL PSYCHOLOGY, EDUCATION, AND HUMAN SERVICES. AN APA-ACCREDITED DOCTORAL PROGRAM IN COUNSELING PSYCHOLOGY IS ALSO OFFERED. THE COLLEGE'S TOTAL ENROLLMENT AS MEASURED IN THE FALL 2012 SEMESTER WAS 2,301 STUDENTS COMPRISED AS FOLLOWS IN EACH OF THE THREE SCHOOLS OF STUDY: SCHOOL OF UNDERGRADUATE STUDIES = 927; SCHOOL OF CONTINUING AND PROFESSIONAL STUDIES = 641; SCHOOL OF GRADUATE STUDIES = 733. 43649815 1 1 0 1 0 0 0 0 0 1 1 0 0 0 1 1 1 0 1 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 1 50 0 1 979 1 1 1 0 0 0 0 1 1 0 0 0 0 X 30 30 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 PA X LAURI STRIMKOVSKY SNR VP FINANCIAL AFFAIRS 2152487084 9601 GERMANTOWN AVENUE PHILADELPHIA PA 191182693 CAROL JEAN VALE SSJ 50.00 X X 0 0 0 MARGARET MCCAFFERY 0.50 X X 0 0 0 ANNE P MYERS SSJ 0.50 X X 0 0 0 PATRICIA MAY AGGER 0.50 X 0 0 0 HARRY BARBIN 0.50 X 0 0 0 REGINA BELL SSJ 0.50 X 0 0 0 PATRICIA CONNOLLY 0.50 X 0 0 0 MARY DACEY SSJ 0.50 X 0 0 0 JOSEPH DENNY 0.50 X 0 0 0 MICHAEL F DUNLEAVY 0.50 X 0 0 0 CONSTANCE GILDER SSJ 0.50 X 0 0 0 STEVEN J GORDON PHD 0.50 X 0 0 0 KENT GRISWOLD PHD 0.50 X 0 0 0 JACK GULATI 0.50 X 0 0 0 GEORGE J HARTNETT 0.50 X 0 0 0 STEPHANIE KING 0.50 X 0 0 0 MARGARET MCGREAL 0.50 X 0 0 0 CATHERINE LOCKYER MOULTON 0.50 X 0 0 0 SHAUN F O'MALLEY 0.50 X 0 0 0 JOELLEN PARSONS 0.50 X 0 0 0 JANET BROWN QUINTAL 0.50 X 0 0 0 ROBERT RIETHMILLER JR 0.50 X 0 0 0 CATHERINE ROBINSON SSJ 0.50 X 0 0 0 JACK J SANDOSKI 0.50 X 0 0 0 RONALD ZEMNICK 0.50 X 0 0 0 CAROL ZINN SSJ 0.50 X 0 0 0 FRANK L DAVEY 0.50 X 0 0 0 STEPHEN GARDNER 0.50 X 0 0 0 JAMES B GINTY JD 0.50 X 0 0 0 KAREN SPENCER KELLY 0.50 X 0 0 0 THOMAS LYNCH RADMUSN 0.50 X 0 0 0 KATHRYN MILLER SSJ 50.00 X 0 0 0 LAURI STRIMKOVSKY 50.00 X 130629 0 20418 KENNETH HICKS 50.00 X 193552 0 23597 KENNETH SOPRANO 50.00 X 163732 0 21930 LYNN ORTALE 50.00 X 110087 0 37367 JOSEPH MICUCCI 50.00 X 112875 0 18499 STEPHEN GUERRIERO 50.00 X 129693 0 19646 SCOTT BROWNING 50.00 0.00 X 107865 0 16800 948433 0 158257 10 0 1 0 CHARTWELLS DINING SERVICE COMPASS GROUP USA PO BOX 417632 BOSTON MA 022417632 DINING SERVICES 2331832 ALLIED BARTON SECURITY 161 WASHINGTON STREET STE 600 CONSHOHOCKEN PA 19428 SECURITY SERVICES 1092216 160OVER90 INC ONE SOUTH BROAD STREET 10TH FLOOR PHILADELPHIA PA 19107 MARKETING / COMMUNICATION 859689 ARTHUR JACKSON COMPANY 7025 WEST CHESTER PIKE UPPER DARBY PA 19082 HOUSEKEEPING SERVICES 703018 ARAMARK CORPORATION 24818 NETWORK PLACE CHICAGO IL 60673 PHYSICAL PLANT SERVICES 592305 12 105416 1056496 3426815 271545 4588727 TUITION 611600 42532809 42532809 ROOM AND BOARD 611600 4517031 4517031 AUXILIARY FEES 611600 1358780 1358780 48408620 240143 240143 95807 18034 77773 77773 49130 28643 3335968 3150561 58 185407 -58 185349 185349 37063 105416 60752 -23689 -23689 7080 0 7080 7080 CATERING REVENUE 722320 121002 121002 VENDING MACHINE COMMISSIONS 611110 53252 53252 PARKING TICKETS AND FEES 611110 34702 34702 58645 58645 267601 53751604 48408620 170132 584125 14200797 14200797 176709 176709 14413542 12684092 1055373 674077 577769 513141 37358 27270 1677737 1393317 171734 112686 1024547 892052 85088 47407 726265 726265 56800 56800 86436 86436 52063 52063 1137716 726896 134878 275942 1069823 39414 1028909 1500 2069756 994532 980290 94934 596155 525980 70175 4238287 3235174 1003113 315808 230894 48556 36358 481581 180018 153699 147864 543683 407762 135921 2117581 1588186 529395 97316 97316 DINING SERVICES 2573882 2252147 321735 SECURITY SERVICES 1468775 1101581 367194 STUDENT RELATED ACTIVIT 863570 863570 CONTRIBUTED SERVICES EX 775308 659012 116296 1101550 1063934 24715 12901 52443456 43649815 7362702 1430939 1114934 481166 2573931 3420474 3698395 3656788 761354 485674 82485748 32956697 50586713 49529051 6663609 7839044 1505155 1600774 293754 321157 67197845 67334128 5599021 4961348 1661351 1575715 17710000 17225000 12062308 11556325 4098089 3431815 41130769 38750203 X 16988383 17250612 3302964 5234881 5775729 6098432 26067076 28583925 67197845 67334128 X 1308148 452457 756244 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 0 1 86436 86436 0 EXPLANATION OF LOBBYING ACTIVITIES: PART II-B, LINE 1: DURING THE YEAR, THE COLLEGE HAS RETAINED THE SERVICES OF LOBBYING FIRMS FOR THE PURPOSE OF DEVELOPING RELATIONSHIPS WITH LEGISLATORS, WHICH MAY INCLUDE LOBBYING ACTIVITIES TO OBTAIN GOVERNMENT FUNDS. 6579362 322703 532839 7434904 6069695 742365 -232698 6579362 5185864 77277 806554 6069695 4574186 195120 416558 5185864 4990947 40467 -457228 4574186 0.00000 0.82020 0.17980 1 0 10506160 10506160 58936103 22841060 36095043 11159749 9154553 2005196 1883736 961084 922652 49529051 STUDENT DEPOSITS AND ADVANCES 1036640 ADVANCES FROM FEDERAL GOVERNMENT - STUDENT LOANS 599417 ANNUITIES PAYABLE 73218 CURRENT VALUE OF DERIVATIVE INSTRUMENT 1323918 CAPITAL LEASE OBLIGATION 398622 3431815 X 41241948 452457 455717 -13444553 -12536379 53778327 52063 -78786 -26723 53751604 38725099 455717 78786 534503 38190596 52063 14200797 14252860 52443456 DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: THE ENDOWMENT FUND IS USED PRIMARILY FOR THE AWARDING OF SCHOLARSHIPS TO STUDENTS. OTHER USES MAY INCLUDE THE FUNDING OF EDUCATION-RELATED ACTIVITIES SUCH AS PURCHASING LIBRARY RESOURCES OR THE FUNDING OF A LECTURE SERIES. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X, LINE 2: THE COLLEGE FOLLOWS THE FINANCIAL ACCOUNTING STANDARDS BOARD ("FASB") GUIDANCE, AS IT RELATES TO UNCERTAIN TAX POSITIONS. MANAGEMENT HAS REVIEWED ITS CURRENT AND PAST FEDERAL AND STATE INCOME TAX POSITIONS AND HAS DETERMINED, BASED ON CLEAR AND UNAMBIGUOUS TAX LAW AND REGULATIONS, THAT THE TAX POSITIONS TAKEN ARE CERTAIN AND THAT THERE IS NO LIKELIHOOD THAT A MATERIAL TAX ASSESSMENT WOULD BE MADE IF A RESPECTIVE GOVERNMENT AGENCY EXAMINED TAX RETURNS SUBJECT TO AUDIT. ACCORDINGLY, NO PROVISION FOR THE EFFECTS OF UNCERTAIN TAX POSITIONS HAS BEEN RECORDED. CURRENTLY, THE 2011, 2012, AND 2013 TAX YEARS ARE OPEN AND SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE AND THE PENNSYLVANIA DEPARTMENT OF REVENUE. HOWEVER, THE COLLEGE IS NOT CURRENTLY UNDER AUDIT NOR HAS THE COLLEGE BEEN CONTACTED BY THESE JURISDICTIONS. ANY INTEREST AND PENALTIES RELATED TO INCOME TAXES ARE INCLUDED IN OPERATING EXPENSE. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN VALUE OF DERIVATIVE INSTRUMENT 756,244. SCHOLARSHIPS & GRANTS -14,200,797. PART XI, LINE 4B - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES -60,752. RENTAL EXPENSES -18,034. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES 60,752. RENTAL EXPENSES 18,034. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS & GRANTS 14,200,797. 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 COLLEGE PROVIDES A STATEMENT IN ALL PUBLICATIONS AND ON ITS WEBSITE REGARDING ITS NONDISCRIMINATORY POLICY. THE COLLEGE IS SIGNIFICANTLY DIVERSE IN THAT THE PERCENTAGES OF AMERICAN INDIAN, ASIAN, AFRICAN-AMERICAN, AND HISPANIC STUDENTS CONSTITUTE 35%, 40.7%, AND 44.3% OF THE TOTAL STUDENT POPULATION, AS MEASURED IN THE FALL OF 2010, 2011, AND 2012, RESPECTIVELY. EXPLANATION OF GOVERNMENT FINANCIAL ASSISTANCE SCHEDULE E, PART I, LINE 6 THE COLLEGE RECEIVED $432,129 IN EDUCATION RELATED GRANTS FROM FEDERAL GOVERNMENT AGENCIES; AND $624,366 FROM STATE GRANTS. FALL GOLF OUTING 64951 41636 23315 600 13100 18807 SCHOLARSHIP GALA 77528 63780 13748 14418 675 13152 142479 105416 37063 600 13100 14418 675 31959 60752 -23689 1 SCHOLARSHIPS AND FELLOWSHIPS 1458 14200797 PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, PART I, LINE 2: THE STUDENTS RECEIVING SCHOLARSHIPS AND FELLOWSHIPS ARE JUDGED BY THE COLLEGE ON THE BASIS OF ACADEMIC ACHIEVEMENT, FINANCIAL NEED AND OTHER OBJECTIVE STANDARDS. ALL AWARDED FUNDS ARE TREATED AS REDUCTIONS TO TUITION. NO FUNDS ARE DISBURSED TO INDIVIDUALS. X 0 0 X X 0 0 0 0 0 0 0 0 0 LAURI STRIMKOVSKY 130629 0 0 0 0 0 9797 0 10621 0 151047 0 0 0 KENNETH HICKS 193552 0 0 0 0 0 14066 0 9531 0 217149 0 0 0 KENNETH SOPRANO 163732 0 0 0 0 0 12280 0 9650 0 185662 0 0 0 PART I, LINE 1A THE COLLEGE RENTS AN APARTMENT NEAR THE COLLEGE IN WHICH THE VICE PRESDIENT FOR STUDENT LIFE, LYNN ORTALE, RESIDES. BECAUSE OF HER POSITION AT THE COLLEGE, THIS IS A CONDITION OF HER EMPLOYMENT. THE COLLEGE PAYS THE RENT DIRECTLY TO THE LANDLORD, AND NO PART OF THE BENEFIT WAS TAXABLE INCOME TO THE INDIVIDUAL. THIS AMOUNT WAS INCLUDED AS A NONTAXABLE BENEFIT UNDER OTHER COMPENSATION. A PHILA AUTHORITY - INDUSTRIAL DEVELOPMENT - SERIES A 232237287 71782AAA0 2007-03-29 10365000 ADVANCE REFUNDING OF 1999 BONDS - SEE BELOW FOR DETAILS 1 0 0 B PHILA AUTHORITY - INDUSTRIAL DEVELOPMENT - SERIES B 232237287 71782AAB8 2007-03-29 8855000 PURCHASED LAND AND BUILDINGS 0 0 0 A 1065000 10365000 908764 150810 658 2007 0 1 1 1 B 930000 8855000 169844 562 8684594 2007 0 0 1 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 B 0 1 1 1 0 0.00000 0.00010 0.00010 0 0 1 A 0 0 0 1 1 1 WELLS FARGO BANK NC 22.600000000000 1 0 0 0 1 B 0 0 0 1 1 0 0 0 1 A 1 B 1 SCHEDULE K PART IV, ARBITRAGE, LINE 2C DATE REBATE COMPUTATION PERFORMED ISSUER NAME: PHILA AUTHORITY - INDUSTRIAL DEVELOPMENT - SERIES A DATE THE REBATE COMPUTATION WAS PERFORMED: 11/27/2012 ISSUER NAME: PHILA AUTHORITY - INDUSTRIAL DEVELOPMENT - SERIES B DATE THE REBATE COMPUTATION WAS PERFORMED: 11/27/2012 SCHEDULE K SUPPLENTAL INFORMATION BOND ISSUE A - ADVANCE REFUNDING OF THE HOSPITALS AND HIGHER EDUCATIONAL FACILITIES AUTHORITY OF PHILADELPHIA'S COLLEGE REVENUE BONDS SERIES OF 1999 (CHESTNUT HILL COLLEGE PROJECT) ISSUED ON MARCH 10, 1999 FOR NEW BUILDING AND REPAIRS AND TO CURRENTLY REFUND PRIOR ISSUES THAT FUNDED REHABILITATION AND EQUIPTING OF FACILITIES. X 8 271545 NYSE 0 0 0 1 THIRD PARTY USE: PART I, LINE 32B: THE ORGANIZATION USES THIRD PARTY INVESTMENT MANAGERS WHO RECEIVE ANY STOCK DONATIONS AND SELL THEM IMMEDIATELY UNLESS OTHERWISE RESTRICTED BY THE DONOR. SECURITIES ARE LIQUIDATED AND INVESTED ACCORDING TO THE SPECIFIC POLICY OF THE ENDOWMENT OR CAMPAIGN ACCOUNT OR FORWARDED TO THE COLLEGE FOR APPROPRIATE DISBURSEMENT. FORM 990, PART VI, SECTION A, LINE 6 THE MEMBERS OF THE ORGANIZATION ARE THE GENERAL COUNCIL OF THE CONGREGATION OF THE SISTERS OF SAINT JOSEPH. THEY HAVE THE SAME VOTING RIGHTS AS THE OTHER BOARD DIRECTORS. FORM 990, PART VI, SECTION A, LINE 7A THE GENERAL COUNCIL OF THE CONGREGATION OF THE SISTERS OF SAINT JOSEPH RESERVE THE RIGHT TO ELECT THE MEMBERS OF THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION A, LINE 7B THE MEMBERS MAY INITIATE AND IMPLEMENT ANY PROPOSAL WITH RESPECT TO ANY OF THE FOLLOWING, AND, IF ANY PROPOSAL WITH RESPECT TO ANY OF THE FOLLOWING IS OTHERWISE INITIATED, IT SHALL NOT BECOME EFFECTIVE UNLESS APPROVED BY THE MEMBERS: (A) TO ADOPT OR CHANGE THE MISSION, PURPOSE, PHILOSOPHY OR OBJECTIVES OF THE CORPORATION OR TO CHANGE THE GENERAL STRUCTURE OF THE OPERATION OF THE CORPORATION AS A VOLUNTARY NON-PROFIT CORPORATION FOR EDUCATION; (B) TO AMEND THE CORPORATION'S CHARTER, CERTIFICATE OR ARTICLES OF INCORPORATION, OR BYLAWS; (C) TO DISSOLVE, DIVIDE, CONVERT, LIQUIDATE OR WIND UP THE CORPORATION, OR CONSOLIDATE OR MERGE THE CORPORATION WITH ANOTHER CORPORATION OR ENTITY; (D) TO SELL ALL OR SUBSTANTIALLY ALL THE ASSETS OF THE CORPORATION; (E) TO ELECT THE MEMBERS OF THE BOARD OF DIRECTORS OF THE CORPORATION; (F) TO APPROVE PRINCIPAL OFFICERS OF THE CORPORATION; AND (G) TO EFFECT ANY TRANSFER OR ENCUMBRANCE OF CORPORATE PROPERTY WHICH REQUIRES APPROVAL PURSUANT TO CANON LAW. FORM 990, PART VI, SECTION B, LINE 11 THE FORM 990 AND ALL ACCOMPANYING SCHEDULES ARE PREPARED AND REVIEWED BY THE COLLEGE'S EXTERNAL AUDIT FIRM. AFTER THE INITIAL REVIEW BY MANAGEMENT, THE FORM 990 IS THEN DISTRIBUTED TO THE AUDIT COMMITTEE MEMBERS FOR THEIR REVIEW AND APPROVAL. THE FULL BOARD OF DIRECTORS RECEIVES THE RETURN PRIOR TO THE RETURN BEING FILED WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C THE COLLEGE HAS A SUBSTANTIVE WRITTEN CONFLICT OF INTEREST POLICY THAT COVERS BOARD MEMBERS AND ANY OTHER INDIVIDUAL CONSIDERED AN INTERESTED PERSON. BOARD MEMBERS, OFFICERS, AND KEY EMPLOYEES SIGN AN ANNUAL CONFLICT OF INTEREST STATEMENT WHICH INCLUDES COMPREHENSIVE QUESTIONS ON FAMILY AND BUSINESS RELATIONSHIPS. ALL STATEMENTS ARE REVIEWED BY THE BOARD SECRETARY. ANY POTENTIAL OR ACTUAL CONFLICT IS FULLY DISCLOSED BY THE SECRETARY TO THE MEMBERSHIP COMMITTEE, WHO WILL DETERMINE WHETHER OR NOT THE TRANSACTION IS IN THE BEST INTEREST OF THE ORGANIZATION. THE INTERESTED PARTY IS EXCLUDED FROM ALL DISCUSSIONS AND DECISIONS RELATED TO THE CONFLICT. FORM 990, PART VI, SECTION B, LINE 15 THE PROCESS FOR DETERMINING THE COMPENSATION FOR THE COLLEGE PRESIDENT AND THE OFFICERS IS DOCUMENTED IN THE COLLEGE'S "PROCESS FOR DETERMINING COMPENSATION" POLICY. THE PRESIDENT OF THE COLLEGE, A SISTER OF ST. JOSEPH, RECEIVES NO COMPENSATION. THE BOARD OF DIRECTORS APPROVES THE FISCAL YEAR BUDGET WHICH CONTAINS THE TOTAL COMPENSATION AMOUNT FOR THE YEAR. THE PRESIDENT AND SENIOR VICE PRESIDENT FOR FINANCIAL AFFAIRS DETERMINE THE SALARIES OF OFFICERS AND OTHER COLLEGE EMPLOYEES BASED ON THE BUDGET AND MARKET DATA FROM COMPARABLE INSTITUTIONS. THE ORGANIZATION USES CUPA SALARY DATA TO VERIFY ANY COMPENSATION DECISIONS ARE WITHIN FAIR MARKET RANGE FOR THE INDUSTRY. SPECIFIC DISCUSSIONS ON COMPENSATION ARE NOT RECORDED IN BOARD MINUTES, HOWEVER, COMPENSATION IS A COMPONENT OF THE BUDGET WHICH IS FULLY DOCUMENTED. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST AT THE COLLEGE'S ACCOUNTING OFFICE. EACH REQUEST FOR THE DOCUMENTS WILL BE REVIEWED AND APPROVED BY THE SENIOR VICE PRESIDENT FOR FINANCIAL AFFAIRS ON A CASE-BY-CASE BASIS. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF DERIVATIVE INSTRUMENT 756,244. CONGREGATION OF THE SISTERS OF ST JOSEPH 9701 GERMANTOWN AVENUE PHILADELPHIA PA 19118 LOCAL COMMUNITIES ENGAGE IN TEACHING, HUMAN SVC AND CHARITABLE PURSUITS PA 501(C)(3) LINE 1 N/A 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 0 1 1 0 0 TRANSACTIONS BETWEEN RELATED ENTITIES: FORM 990, SCHEDULE, PART V THE COLLEGE LEASES ITS MAIN CAMPUS PROPERTY FROM THE CONVENT OF THE SISTERS OF SAINT JOSEPH, CHESTNUT HILL, A PENNSYLVANIA NON-PROFIT CORPORATION. THE LEASE IS DATED SEPTEMBER 1, 2005 AND IS FOR A TERM OF 29 YEARS EXPIRING AUGUST 31, 2034. THE RENT FOR THE ENTIRE TERM WAS $10.00. THE CONVENT AND COLLEGE'S MAIN CAMPUS ARE LOCATED ON THE SAME PROPERTY. THE TWO ENTITIES SHARE COSTS RELATED TO PHYSICAL PLANT MAINTENANCE, UTILITIES, PROPERTY INSURANCE AND OTHER PROPERTY COSTS AS NECESSARY. COSTS ARE ALLOCATED BASED ON USAGE.