2013-05-14T09:10:16-05:00 2012-06-30 231144520 TAIT WELLER & BAKER LLP 1818 MARKET STREET SUITE 2400 PHILADELPHIA PA 19103 990 2011-07-01 231484178 LANCASTER BIBLE COLLEGE LANC 7175697071 901 EDEN ROAD LANCASTER PA 17601 MATTHEW MASON 7175697071 2013-05-14 1 STACY CULLEN P00974308 2159798800 2013-05-14 2011 2016-02-24 21:20:13Z MATTHEW MASON 901 EDEN ROAD LANCASTER PA 17601 35956057 0 X WWW.LBC.EDU X 1933 PA LANCASTER BIBLE COLLEGE AND GRADUATE SCHOOL EXISTS TO EDUCATE CHRISTIAN STUDENTS TO THINK AND LIVE A BIBLICAL WORLDVIEW AND TO PROCLAIM CHRIST BY SERVING HIM IN THE CHURCH AND SOCIETY. 17 17 677 16 0 0 5329067 3109088 15648651 17396087 1420050 296477 370109 299416 22767877 21101068 2747047 3304451 0 0 10198326 10621362 112810 0 555330 6615532 6850285 19673715 20776098 3094162 324970 51832169 62057738 9364578 19727966 42467591 42329772 X AT LANCASTER BIBLE COLLEGE, OUR FOCUS IS ON THE JOURNEY TO FULFILL GOD'S PURPOSE IN STUDENTS' LIVES. OUR MISSION HAS REMAINED CONSTANT FOR OVER 75 YEARS: (CONTINUED ON SCHEDULE O). 0 0 19019079 3304451 17396087 LANCASTER BIBLE COLLEGE EDUCATES APPROXIMATELY 1100 CHRISTIAN POSTSECONDARY STUDENTS TO LIVE ACCORDING TO A BIBLICAL WORLD VIEW AND TRAINS THEM TO PROCLAIM CHRIST BY SERVING HIM IN THE CHURCH AND SOCIETY.STUDENTS COME FROM 32 STATES AND 14 FOREIGN COUNTRIES. LBC STUDENTS VOLUNTEER OVER 45,000 HOURS OF SERVICE WITH 220 MINISTRIES 19019079 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 1 0 0 0 0 0 1 0 0 1 1 1 1 0 0 0 0 0 0 0 1 1 0 1 0 0 0 0 1 0 0 0 0 1 1641 0 1 677 1 0 0 0 0 0 1 1 0 0 0 0 X 17 17 0 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 0 1 1 0 PA X LONNIE MARTIN 7175697071 LANCASTER BIBLE COLLEGE LANCASTER PA 17601 MR PHILIP A CLEMENS 1.00 X X 0 0 0 MR CHARLES H KREIDER 1.00 X X 0 0 0 MR ROBERT KEPIRO 1.00 X X 0 0 0 MRS SALLY L MARTIN 1.00 X X 0 0 0 MR JAMES J FETTEROLF 0.50 X 0 0 0 DR L RONALD HOOVER 0.50 X 0 0 0 MR ROBERT L HORST 0.50 X 0 0 0 REV J PAUL MUTCHLER 0.50 X 0 0 0 MS TRACY C JONES 0.50 X 0 0 0 MR DANIEL A KESSLER 0.50 X 0 0 0 MR NOAH W KREIDER 0.50 X 0 0 0 MR STUART J LEVEY 0.50 X 0 0 0 MR LARRY L MARTIN 0.50 X 0 0 0 MR JAMES W ROBERTSON 0.50 X 0 0 0 MR LARRY W ROHRER 0.50 X 0 0 0 MR PAUL J SEBASTIAN 0.50 X 0 0 0 MRS RUTH A SHERTZER 0.50 X 0 0 0 DR PETER W TEAGUE 50.00 X 106538 0 44679 MR MATTHEW C MASON 45.00 X 61135 0 12509 DR GARY BREDFELDT 45.00 X 114518 0 13970 282191 0 71158 2 0 1 0 HORST CONSTRUCTION 320 GRANITE RUN DR PO BOX 3310 LANCASTER PA 176043310 CONSTRUCTION SERVICES 6949582 PUSEY & RAFFENSPERGER BUILDERS INC 100 FRONT STREET LITITZ PA 17543 CONSTRUCTION SERVICES 1888974 ALADDIN FOOD MANAGEMENT SERVICES LLC 21 ARMORY DR WHEELING WV 26003 CAMPUS DINING SERVICES 959099 PRESIDIO NETWORKED SOLUTIONS 7601 ORA GLEN DRIVE GREENBELT MD 207703620 TECHNOLOGY SERVICES 579646 MAST ELECTRIC 16 HOLLY DRIVE LEOLA PA 175401209 ELECTRICAL SERVICES FOR CONSTRUCTION & M 525931 9 143640 240651 2724797 48078 3109088 TUITION & FEES 900099 14273225 14273225 AUXILIARY ENTERPRISES 900099 3025007 3025007 STUDENT TRIP INCOME 900099 97855 97855 17396087 246650 246650 108088 0 108088 108088 108088 14737292 30135 14641027 76573 96265 -46438 49827 49827 6120 143640 137389 -131269 -131269 MISCELLANEOUS 900099 188942 188942 TICKET SALES 900099 94267 94267 BAD DEBT INCOME 900099 39388 39388 322597 21101068 17693117 0 298863 3304451 3304451 192186 174529 11643 6014 8241241 7484093 499279 257869 270669 245802 16398 8469 1349557 1225569 81760 42228 567709 515552 34393 17764 7704 7704 41990 41990 70737 39 70698 109457 83490 25967 362518 349946 12572 705163 571180 87915 46068 215891 133869 74525 7497 986606 740369 246217 20 821488 767488 560 53440 55393 52431 2962 329665 329665 1273081 1273081 65008 65008 CAFETERIA FOOD 843071 843071 PUBLIC SERVICE 214823 121014 93809 ACADEMIC AFFAIRS 155557 155080 477 BAD DEBT EXPENSE 145600 145600 446533 437752 2163 6618 20776098 19019079 1201689 555330 27653 1030290 2141115 3882053 1794120 1329012 403771 282897 271342 150374 178694 240306 182129 231612 53498012 13270155 30975132 40227857 15773007 14594145 85206 89192 51832169 62057738 1071982 451925 459689 456912 4688691 15060387 3144216 3758742 9364578 19727966 X 33088601 33644505 4603622 3771290 4775368 4913977 42467591 42329772 51832169 62057738 X 324970 -462789 X X 0 1 1 X 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 10552126 156819 -549433 10159512 9398196 134118 1019812 10552126 5302242 3835026 260928 9398196 6918938 172830 -1789526 5302242 0.51630 0.48370 0 0 4753188 4753188 38889837 7199431 31690406 9854987 6070724 3784263 40227857 UNITRUST AND ANNUITY OBLIGATIONS 3529146 FUNDS HELD FOR OTHERS 65801 US GOVERNMENT ADVANCES 163795 3758742 21101068 20776098 324970 -400263 -62526 -462789 -137819 17533743 -400263 137389 -262874 17796617 3304451 3304451 21101068 17609036 137389 137389 17471647 3304451 3304451 20776098 DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: MANAGEMENT HAS REVIEWED THE TAX POSITIONS FOR EACH OF THE OPEN TAX YEARS (2009-2011) OR EXPECTED TO BE TAKEN IN THE COLLEGE'S 2012 TAX RETURN AND HAS CONCLUDED THAT THERE ARE NO SIGNIFICANT UNCERTAIN TAX POSITIONS THAT WOULD REQUIRE RECOGNITION IN THE FINANCIAL STATEMENTS. PART XI, LINE 8 - OTHER ADJUSTMENTS: ACTUARIAL LOSS ON GIFT ANNUITY AND OTHER TRUST OBLIGATIONS -62,526. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING SPECIAL EVENT EXPENSE 137,389. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS RECLASSIFIED AS EXPENSES 3,304,451. PART XIII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING SPECIAL EVENT EXPENSE 137,389. PART XIII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS RECLASSIFIED AS EXPENSES 3,304,451. 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 SCHOOL MAKES KNOWN ITS NONDISCRIMINATION POLICY IN ALL PRINT AND BROADCAST MEDIA. EXPLANATION OF GOVERNMENT FINANCIAL ASSISTANCE SCHEDULE E, PART I, LINE 6 SCHOLARSHIPS AND GRANTS ARE MADE ON A NONDISCRIMINATORY BASIS OF ACADEMIC ACHIEVEMENT AND FINANCIAL NEED. LANCASTER BIBLE COLLEGE RECEIVES THE PENNSYLVANIA INSTITUTIONAL ASSISTANCE GRANT. PRESIDENT'S WEEKENDS HERSHEY, PA 76150 76150 457 82981 19763 BUSINESS PARTNER'S GOLF TOURNAMENT 49780 49780 5559 16399 352 1 23830 17710 6120 11288 590 149760 143640 6120 6016 110668 20705 137389 -131269 1 AMBASSADOR FOUNDATION PO BOX 1201 LANCASTER PA 176081201 020714460 501(C)(3) 93809 TO ASSIST ITS SUPPORTING ORGANIZATION WITH ITS OPERATIONAL EXPENSES ASSOCIATION FOR BIBLICAL HIGHER EDUCATION 5850 TG LEE BOULEVARD STE 130 ORLANDO FL 32822 351055662 501(C)(3) 10000 ANNUAL COMMITMENT TO HELP THE ACCREDITING ASSOCIATION SOMERSET CHRISTIAN COLLEGE 10 CHAPEL DRIVE ZAREPHATH NJ 08890 237075340 501(C)(3) 10000 GIFT GIVEN TO SISTER INSTITUTION AFTER SEVERE FLOODING HIT THEIR CAMPUS 3 STUDENT SCHOLARSHIPS TO LANCASTER BIBLE COLLEGE STUDENTS. 798 3304451 PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, PART I, LINE 2: SCHOLARSHIPS AND GRANTS ARE MADE ON A NONDISCRIMINATORY BASIS OF ACADEMIC ACHIEVEMENT AND FINANCIAL NEED. X X 0 1 X X X 0 0 0 0 0 0 0 0 0 DR PETER W TEAGUE 106538 0 0 0 0 0 5150 0 39529 0 151217 0 0 0 PART I, LINE 1A DR. PETER TEAGUE RECEIVES A GROSS UP FOR COMPANY AUTO BENEFIT. DR. PETER TEAGUE LIVES IN A COLLEGE OWNED RESIDENCE. THE VALUE OF THIS BENEFIT IS APPROXIMATELY $31,000 PER YEAR. THIS IS ADDED TO PART VII, SECTION A. PART I, LINE 1B THERE IS NO WRITTEN POLICY FOR PAYMENTS OR REIMBURSEMENTS OF EXPENSES. THEY MUST BE REASONABLE TO BE CONSIDERED ACCEPTABLE EXPENSES. GENERAL MUNICIPAL AUTHORITY OF THE TOWNSHIP OF MANHEIM 232583622 2010-12-21 17500000 TO SUPPORT CAPITAL CONSTRUCTION PROJECTS 0 0 0 14223387 279193 119003 14104384 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 HORST CONSTRUCTION COMPANY IN WHICH TRUSTEE JAMES J. FETTEROLF IS PRESIDENT 6949582 CONSTRUCTION OF NEW STUDENT LEARNING COMMONS - SUBSTANTIALLY COMPLETED JUNE 30, 2012 0 ROBERT TEAGUE SON OF PRESIDENT - PETER TEAGUE 93155 SALARY PAID BY LANCASTER BIBLE COLLEGE FOR HIS WORK AS DIRECTOR OF AMBASSADOR FOUNDATION - A RELATED ORGANIZATION 0 X 1388 FAIR MARKET VALUE X 230 FAIR MARKET VALUE X 3 34804 FAIR MARKET VALUE X 1 38 FAIR MARKET VALUE X 1 88 FAIR MARKET VALUE X 1 75 FAIR MARKET VALUE X LANDSCAPING ITEMS 1 11370 X GIFT CARDS 1 85 0 0 0 ORGANIZATION MISSION STATEMENT FORM 990, PART III, LINE 1 TO EDUCATE CHRISTIAN STUDENTS TO THINK AND LIVE A BIBLICAL WORLDVIEW AND TO PROCLAIM CHRIST BY SERVING HIM IN THE CHURCH AND SOCIETY. FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION HAS CORPORATION MEMBERS. THERE IS NO MEMBERSHIP FEE. THE CORPORATION IS MADE UP OF ABOUT 100 FRIENDS OF THE COLLEGE. IT IS FROM THE CORPORATION, THAT THE BOARD OF TRUSTEES IS SELECTED. THE CORPORATE BODY ELECTS THE BOARD OF TRUSTEES. FORM 990, PART VI, SECTION A, LINE 7A THE ORGANIZATION HAS CORPORATION MEMBERS. THERE IS NO MEMBERSHIP FEE. THE CORPORATION IS MADE UP OF ABOUT 100 FRIENDS OF THE COLLEGE. IT IS FROM THE CORPORATION, THAT THE BOARD OF TRUSTEES IS SELECTED. THE CORPORATE BODY ELECTS THE BOARD OF TRUSTEES. FORM 990, PART VI, SECTION B, LINE 11 A DRAFT VERSION OF THE FORM 990 IS SENT TO THE MEMBERS OF THE FINANCE COMMITTEE OF THE BOARD OF TRUSTEES. THEY ARE REQUESTED TO READ OVER THE RETURN AND RESPOND WITH QUESTIONS OR CONCERNS, SO CHANGES, IF NECESSARY CAN BE MADE BEFORE THE RETURN IS SUBMITTED TO THE IRS. ALL TRUSTEES RECEIVE A COPY OF THE FORM 990 BEFORE IT IS FILED. FORM 990, PART VI, SECTION B, LINE 12C ALL TRUSTEES ARE REQUIRED TO COMPLETE A CONFLICT OF INTEREST FORM ON AN ANNUAL BASIS. BY THEIR SIGNED STATEMENT THEY DECLARE THEY HAVE NO CONFLICTS OF INTEREST. THIS IS DONE EACH NOVEMBER. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION FOR THE PRESIDENT IS ESTABLISHED BY THE EXECUTIVE COMMITTEE OF THE BOARD AND EVALUATED PERIODICALLY. COMPARATIVE DATA IS AVAILABLE TO THEM UPON REQUEST. COMPENSATION FOR OFFICERS IS DETERMINED BY THE PRESIDENT IN CONSULTATION WITH THE HR MANAGER. COMPENSATION FOR OTHER EMPLOYEES IS DETERMINED BY PRESIDENT, HIS CABINET IN CONSULTATION WITH HR MANAGER. FORM 990, PART VI, SECTION C, LINE 18 THE 990 IS MADE AVAILABLE TO ANYONE WHO ASKS FOR IT. INFORMATION REGARDING SPECIFIC CONTRIBUTORS IS NOT PUBLICLY DISCLOSED. FORM 990, PART VI, SECTION C, LINE 19 OTHER THAN INFORMATION REQUIRED TO BE DISCLOSED IN THE 990, THESE ARE NOT CONSIDERED DOCUMENTS AVAILABLE TO THE PUBLIC. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED LOSSES ON INVESTMENTS: -400,263. ACTUARIAL LOSS ON GIFT ANNUITY AND OTHER TRUST OBLIGATIONS -62,526. TOTAL TO FORM 990, PART XI, LINE 5: -462,789. AUDIT COMMITTEE AND SELECTION OF INDEPENDENT ACCOUNTANT PART XI, LINE 2C THE PROCESS BY WHICH THE ORGANIZATION APPOINTS A COMMITTEE THAT ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENT AND SELECTION OF AN INDEPENDENT ACCOUNTANT HAS NOT CHANGED FROM THE PRIOR YEAR. AMBASSADOR FOUNDATION PO BOX 1201 LANCASTER PA 176081201 020714460 SUPPORT THE INTEREST OF LBC AND SIMILAR NON-PROFIT ORGANIZATIONS PA 501(C)(3) 11A - I 0 0 1 0 0 0 0 0 0 0 0 1 0 0 1 0 1 0 0