2013-04-12T07:37:20-05:00 2012-05-31 232932984 PARENTEBEARD LLC 1650 MARKET STREET SUITE 4500 PHILADELPHIA PA 19103 990 2011-06-01 231352615 ALBRIGHT COLLEGE ALBR 6109217749 13TH BERN STREETS PO BOX 15234 READING PA 196125234 WILLIAM W WOOD 6109217749 2013-04-11 1 JULIUS C GREEN CPA JD P00350393 2159720701 2011 2016-02-25 16:41:14Z LEX O MCMILLAN III 13TH BERN STREETS PO BOX 15234 READING PA 196125234 87527305 0 X WWW.ALBRIGHT.EDU X 1928 PA PROMOTING A COMMITMENT TO LIFELONG LEARNING WITH A FOUNDATION IN THE LIBERAL ARTS & SCIENCES. 32 26 1586 201 871422 -37066 11490021 7534143 68380475 72056496 2552469 2889044 2415999 2585051 84838964 85064734 23889799 25677302 0 0 30570660 29730303 142976 35363 2086003 19753986 23577133 74357421 79020101 10481543 6044633 155349099 154297145 63564938 62192750 91784161 92104395 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 65485574 25677302 72161162 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 1,670 FULL TIME STUDENTS ATTEND ALBRIGHT; THEY REPRESENT TWENTY-TWO STATES AND SEVENTEEN COUNTRIES. SIXTY-EIGHT 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 156 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 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.SEVENTY-FOUR STUDENTS PARTICIPATE IN EITHER THE MASTER OF ARTS OR MASTER OF SCIENCE DEGREES IN EDUCATION WITH CONCENTRATIONS IN ELEMENTARY, 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 FOURTEEN MEMBERS, EIGHTY-THREE 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 RECENTLY EXPANDED AND RENOVATED MERNER-PFEIFFER HALL OF SCIENCE. OTHER CLASSROOM FACILITIES CONTINUE TO BE RENOVATED TO FACILITATE A TECHNOLOGY DRIVEN TEACHING CURRICULUM. 65485574 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 2853 0 1 1586 1 1 1 1 CJ GK 0 0 0 1 1 1 1 0 0 1 0 X 32 26 0 1 0 0 0 0 0 1 1 0 0 0 1 1 1 1 0 1 1 0 PA X ALBRIGHT COLLEGE 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 J BEALL PHD 1.00 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 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 40.00 X X 301695 0 127082 WILLIAM W WOOD 40.00 X 138755 0 23282 TIMOTHY A MCELWEE 40.00 X 139353 0 25454 ANDREA E CHAPDELAINE 40.00 X 151726 0 27022 GREGORY E EICHHORN 40.00 X 139422 0 25624 GINA-LYN CRANCE 40.00 X 118982 0 15905 DANIEL J FALABELLA 40.00 X 134449 0 15047 RODNEY E WARFIELD 40.00 X 128288 0 15145 SAREL P FUCHS 40.00 X 112447 0 15674 KAREN A CAMPBELL 40.00 X 109835 0 14078 JEROME LEE 40.00 X 107148 0 14641 1582100 0 318954 15 0 1 0 ARAMARK CORPORATION 1101 MARKET STREET PHILADELPHIA PA 000019107 FOOD SERVICE PROVIDER 1586582 ROYALL & COMPANY 1920 EAST PARHAM ROAD RICHMOND VA 23228 RECRUITING SERVICE 420344 TARGETX 1001 EAST HECTOR STREET CONSHOHOCKEN PA 194282395 DESIGN AND PRINTING SVCS 167450 WEIDENHAMMER SYSTEMS 935 BERKSHIRE BLVD WYOMISSING PA 196101229 INFO TECH SERVICES 158479 ROLAND AND SCHLEGEL LLC 627 NORTH 4TH STREET READING PA 19603 LEGAL SERVICES 155352 7 46368 1921390 5566385 7534143 UITION AND FEES 611710 61538521 61538521 AUX ENT - ROOM & BOARD 721310 9971881 9971881 AUX ENT OTHER PROGRAM 900099 351573 291563 60010 AUX ENT - BOOKSTORE 451211 194521 194521 72056496 1223061 1223061 633219 633219 263468 82089 181379 181379 67263 114116 3677231 356220 2015740 351728 1661491 4492 1665983 1665983 12378 46368 13014 -636 -636 FOOD SERVICE 722210 790545 790545 CONFERENCES 812900 389094 389094 ATHLETICS AND AQUATIC 900099 259817 22958 236859 331633 141718 178206 11709 1771089 85064734 72161162 871422 4498007 25677302 25677302 1157638 319996 657037 180605 21374334 15895405 4560145 918784 1450051 1078356 309364 62331 4178866 3143934 861380 173552 1569414 1167123 334829 67462 222588 222588 75240 75240 35363 35363 138281 138281 1074869 609948 413014 51907 620032 525230 94802 5996136 5546620 342968 106548 766546 90544 675812 190 1859 1859 3195166 3115085 66219 13862 711450 591240 78117 42093 360890 180815 142615 37460 1363854 1234930 107304 21620 4240834 3839953 333656 67225 597882 547968 41544 8370 EQUIPMENT ACQUISITION, 762340 581257 167094 13989 FINANCING ACTIVITY EXPE 689328 689328 RECRUITMENT & RETENTION 592335 592335 LOSS ON RETIREMENT/DISP 345220 345220 1822283 745674 791967 284642 79020101 65485574 11448524 2086003 71838 71642 7914815 6528229 5107921 4900596 1021796 957978 518 2742408 2259049 204466 263153 560666 894995 133778678 53929914 77205665 79848764 36550847 31513201 9064620 12773288 14903539 14286250 155349099 154297145 14479028 15079643 2355445 2381653 2802246 2142481 41390482 40037026 2537737 2551947 63564938 62192750 X 33772042 41640691 25212239 18137692 32799880 32326012 91784161 92104395 155349099 154297145 X 6044633 -5724399 X 0 1 1 X 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X 0 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 0.20400 0.55300 0.24300 1 0 2178536 2178536 97541556 32789350 64752206 70480 70480 0 24790209 14080258 10709951 9197897 6989826 2208071 79848764 OFFSHORE HEDGE FUND 3707921 F OFFSHORE EQUITY FUND 1158867 F DOMESTIC EQUITY FUNDS 7906500 F 12773288 ASSETS HELD IN TRUST BY OTHERS 9036420 DEPOSITS HELD BY BOND TRUSTEES 1842163 DEFERRED FINANCING COSTS 145394 OTHER RECEIVABLES 3063036 OTHER ASSETS 199237 14286250 EARLY RETIREMENT 554805 POST RETIREMENT HEALTHCARE BENEFITS 476638 OTHER LIABILITIES 183112 CHARITABLE GIFT ANNUITY CONTRACT LIABILITIES 1337392 2551947 85064734 79020101 6044633 -5724399 -5724399 320234 53902531 -5724399 45225 -25256504 -30935678 84838209 217372 9153 226525 85064734 53585887 45225 547520 592745 52993142 217372 25809587 26026959 79020101 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: THE COLLEGE FOLLOWS THE FASB GUIDANCE RELATED TO ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES - AN INTERPRETATION OF THE FASB GUIDANCE RELATED TO ACCOUNTING FOR INCOME TAXES EFFECTIVE JUNE 1, 2007. 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 2012 AND 2011. THE COLLEGE'S FEDERAL EXEMPT ORGANIZATION BUSINESS INCOME TAX RETURNS FOR TAX YEARS BEGINNING JUNE 1, 2010, 2009 AND 2008 REMAIN SUBJECT TO EXAMINATION BY THE IRS. PART XII, LINE 2D - OTHER ADJUSTMENTS: REVENUE OF SUBSIDIARY (NTSI) 553,083. REVENUE OF NTSI WHICH WAS COLLEGE EXPENSE -132,285. STUDENT AID -25,677,302. PART XII, LINE 4B - OTHER ADJUSTMENTS: REVENUE FOR SERVICES PROVIDED BY SUBSIDIARY (NTSI) 104,256. RENTAL EXPENSES -82,089. FUND RAISING EVENT EXPENSE -13,014. PART XIII, LINE 2D - OTHER ADJUSTMENTS: TOTAL EXPENSE OF SUBSIDIARY (NTSI) 556,673. SUBSIDIARY'S INTERORGANIZATIONAL EXPENSES -104,256. RENTAL EXPENSES 82,089. FUND RAISING EVENT EXPENSE 13,014. PART XIII, LINE 4B - OTHER ADJUSTMENTS: STUDENT AID 25,677,302. COLLEGE EXPENSE WHICH WAS SUBSIDIARY'S REVENUE 132,285. 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 INVESTMENTS 3708000 EUROPE INVESTMENTS 1159000 0 0 0 0 0 0 4867000 0 4867000 0 0 0 1 0 0 X X X X X X 1 GRENZEBACH GLIER & ASSOCIATES INC PO BOX 88277 DEPT A CHICAGO IL 606801277 CONSULTING 0 0 28714 0 28714 PA RED & WHITE GOLF 58746 46368 12378 6620 5433 961 58746 46368 12378 6620 5433 961 13014 -636 1 TRUSTEE GRANTS 1093 8702846 N/A PRESIDENTIAL SCHOLARSHIP / DEAN 336 4589187 N/A ALUMNI SCHOLARSHIP 433 4264000 N/A JACOB ALBRIGHT SCHOLARSHIP 123 2352500 N/A EUGENE SHIRK SCHOLARSHIP 375 1399375 N/A ENDOWED SCHOLARSHIPS 249 1196168 N/A SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANTS 486 892639 N/A COMMUNITY SERVICE LEADERSHIP SCHOLARSHIPS 31 194000 N/A NATIONAL HONOR SOCIETY SCHOLARSHIPS 359 349525 N/A COLEMAN AWARDS 155 542075 N/A GENERAL SCHOLARSHIPS - PARTNERSHIP 221 210791 N/A OTHER SCHOLARSHIPS, GRANTS AND AWARDS 284 520256 N/A PHI THETA KAPPA AWARD 18 266250 N/A FOREIGN STUDENT SCHOLARSHIPS 12 197690 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 277695 0 24000 0 0 0 77000 0 50082 0 428777 0 0 0 WILLIAM W WOOD 132255 0 6500 0 0 0 14060 0 9222 0 162037 0 0 0 TIMOTHY A MCELWEE 134213 0 5140 0 0 0 14560 0 10894 0 164807 0 0 0 ANDREA E CHAPDELAINE 146448 0 5278 0 0 0 15110 0 11912 0 178748 0 0 0 GREGORY E EICHHORN 134907 0 4515 0 0 0 14000 0 11624 0 165046 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. BECAUSE IT IS ALSO USED FOR COLLEGE MEETINGS, EVENTS AND OTHER BUSINESS, IT IS NOT TREATED AS A TAXABLE BENEFIT. 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 2011. PART I, LINE 7 A NON-FIXED PAYMENT OF 24,000 WAS MADE DURING 2011 UNDER THE TERMS OF THE PRESIDENT'S EMPLOYMENT CONTRACT, WHICH PROVIDES FOR A VARIABLE COMPENSATION COMPONENT SUBJECT TO A MAXIMUM. THE BERKS COUNTY MUNICIPAL AUTHORITY 236647630 084536GQ8 2004-01-08 23861485 CONSTRUCTION OF FACILITY & REFUNDING OF PRIOR ISSUE (10/13/93) 0 0 0 THE BERKS COUNTY MUNICIPAL AUTHORITY 236647630 084537AB5 2010-12-30 25500000 REFUND PRIOR ISSUE (11/20/08) 0 0 0 9305000 23980112 1800968 283593 5489792 16405770 2005 1 0 1 1 25500000 25500000 2010 1 0 1 1 0 0 0 0 0.00000 0.00000 0.00000 1 0 0 0 0 0.00000 0.00000 0.00000 1 0 0 0 1 WACHOVIA BANK NA 20.700000000000 1 0 1 0 1 1 WACHOVIA BANK NA 7.900000000000 0 0 0 0 1 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 MANAGEMENT OR SERVICE CONTRACTS OR RESEARCH AGREEMENTS RELATING TO THE FINANCED PROPERTIES FOR EITHER BOND ISSUE. PART V THE COLLEGE IS IN THE PROCESS OF ADOPTING THE VOLUNTARY CLOSING AGREEMENT PROGRAM PROCEDURES. JOHN WEIDENHAMMER OWNER IS MEMBER OF BOARD OF TRUSTEES 193146 INFORMATION TECHNOLOGY SERVICES 0 X 1 3240 NADA GUIDE (INTERNET) X 11 473599 MARKET QUOTATIONS 0 0 1 THIRD PARTY USE: PART I, LINE 32B: THE COLLEGE LIQUIDATES ALL SECURITIES RECEIVED PRINCIPALLY THROUGH THE FINANCIAL INSTITUTIONS WHO HAVE FIDUCIARY AND CUSTODIAL RESPONSIBILITY FOR ITS INVESTMENT PORTFOLIO. 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. 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. ANNUAL AUDITED FINANCIAL STATEMENTS ARE POSTED ON THE COLLEGE' WEBSITE. 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. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED LOSSES ON INVESTMENTS: -5,724,399. NORTH THIRTEENTH STREET INC 13TH BERN STREETS PO BOX 14988 READING PA 196124988 232362385 REAL ESTATE RENTAL PA ALBRIGHT COLLEGE C 553083 832278 1.00000 1 0 0 1 0 0 0 0 1 1 1 0 0 1 0 1 0 0 NORTH THIRTEENTH STREET INC D 467660 LOAN BALANCE - FMV NORTH THIRTEENTH STREET INC A 48000 FMV NORTH THIRTEENTH STREET INC J 178351 FMV NORTH THIRTEENTH STREET INC K 38496 FMV NORTH THIRTEENTH STREET INC N 97662 FMV NORTH THIRTEENTH STREET INC P 362723 FMV