2013-05-13T13:05:29-05:00 2012-06-30 251408703 SCHNEIDER DOWNS & CO INC 1133 PENN AVENUE PITTSBURGH PA 15222 990 2011-07-01 250965601 WASHINGTON & JEFFERSON COLLEGE WASH 7242236009 60 S LINCOLN STREET WASHINGTON PA 15301 DR TORI HARING-SMITH 7242236009 2013-05-05 1 SUSAN M KIRSCH P00341397 4122613644 2011 2016-02-24 21:20:13Z DR TORI HARING-SMITH 60 S LINCOLN STREET WASHINGTON PA 15301 113016611 0 X WWW.WASHJEFF.EDU X 1781 PA PROMOTE EDUCATION, THE DEVELOPMENT OF SKILLS, KNOWLEDGE, AND PERSONAL QUALITIES. 38 36 1294 576 29944 -14927 18296493 17051314 64590123 67017165 4015925 771603 210122 249395 87112663 85089477 21520252 23318779 0 0 23078675 24055679 62169 0 1920136 27452234 27523187 72113330 74897645 14999333 10191832 276393865 284491026 74230701 76261843 202163164 208229183 TO GRADUATE PEOPLE OF UNCOMMON INTEGRITY, COMPETENCE, AND MATURITY, WHO ARE EFFECTIVE LIFELONG LEARNERS AND RESPONSIBLE CITIZENS, AND WHO ARE PREPARED TO CONTRIBUTE SUBSTANTIALLY TO THE WORLD IN WHICH THEY LIVE. 0 0 68026284 23507103 66967969 FOUNDED IN 1781, W&J IS ONE OF THE OLDEST COLLEGES IN AMERICA. IT IS A FOUR-YEAR, PRIVATE, LIBERAL ARTS COLLEGE DEDICATED TO ITS STUDENTS. IT IS NATIONALLY RECOGNIZED AS AN EXCELLENT RESIDENTIAL, STUDENT-CENTERED UNDERGRADUATE INSTITUTION. HISTORICALLY, A HIGH PERCENTAGE OF STUDENTS WHO APPLY TO LAW SCHOOLS AND TO PROFESSIONAL HEALTH SCHOOLS ARE ACCEPTED. STATISTICS - UNDERGRADUATE STUDENTS: 1439 FULL-TIME EQUIVALENT STUDENTS AND 320 GRADUATES. 68026284 1 1 0 1 0 0 0 1 0 1 1 1 0 0 1 1 1 0 1 0 1 0 1 0 1 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 1 0 0 0 0 1 2067 0 1 1294 1 1 1 0 0 0 0 1 1 0 0 0 0 X 38 36 0 0 0 0 0 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 PA X X T SZEJKO ASSOCIATE VP OF FINANCE 7242236009 60 S LINCOLN STREET WASHINGTON PA 15301 JERRELL ANGELL 1.00 X 0 0 0 JOHN W BEAN 1.00 X 0 0 0 ROBERT M BEAVERS JR 1.00 X 0 0 0 GARY L CHURGIN 1.00 X 0 0 0 JONATHAN M CONRAD 1.00 X 0 0 0 PATRICK A CORRENTYMD 1.00 X 0 0 0 SAMUEL J DAVIS ESQ 1.00 X 0 0 0 MCCLELLAN A DUBOIS 1.00 X 0 0 0 LYN M DYSTERPHD 1.00 X 0 0 0 LAUREN M FARRELL 1.00 X 0 0 0 WALTER FLAMENBAUM MD 1.00 X 0 0 0 JOHN E FRAZIER II MD 1.00 X 0 0 0 KEITH GHEZZI 1.00 X 0 0 0 JAMES F GISMONDI 1.00 X 0 0 0 MELISSA A HART ESQ 1.00 X 0 0 0 COLEMAN HUGHLEY 1.00 X 0 0 0 ELIZABETH HURWITZ-SCHWAB 1.00 X 0 0 0 THOMAS J LEYDIG 1.00 X 0 0 0 WILLIAM N MACARTNEY III 1.00 X 0 0 0 JAMES J MCCAFFREY 1.00 X 0 0 0 CHARLES T NASON 1.00 X 0 0 0 ALBERT G NICKEL 1.00 X 0 0 0 CHONG S PARK MD 1.00 X 0 0 0 WILLIAM S PLATT 1.00 X 0 0 0 AMICHAEL PRATTESQ 1.00 X 0 0 0 DIANA L REEDESQ 1.00 X 0 0 0 DAVID A ROSS 1.00 X 0 0 0 LOUISE K ROSS 1.00 X 0 0 0 E RONALD SALVITTI II 1.00 X 0 0 0 DAVID A STEINBERG 1.00 X 0 0 0 LEANNE TRACHOK 1.00 X 0 0 0 CRAIG A VARGA ESQ 1.00 X 0 0 0 KENNETH R MELANI MD 5.00 X 0 0 0 BARBARA RDEWITT-1ST VICE CHAIR 2.50 X X 0 0 0 CHARLES F MARCY 2.50 X X 0 0 0 RICHARD T CLARK 2.50 X X 0 0 0 B JOHN PENDLETON JR ESQ 2.50 X X 0 0 0 WILLIAM M STOUT 2.50 X X 0 0 0 JAMES J BARNES ESQ 2.50 X X 0 0 0 DRTORI HARING-SMITH 55.00 X X 408272 0 153294 DENNIS MCMASTER 50.00 X 158371 0 29748 ALTON NEWELL 50.00 X 162885 0 23852 JAMES WHITE 50.00 X 145800 0 27802 MICHAEL GRZESIAK 50.00 X 149356 0 23192 TIMOTHY MURPHY 40.00 X 140403 0 27043 STANLEY MYERS 40.00 X 119886 0 24704 VICKI STATON 40.00 X 124038 0 6350 1409011 0 315985 8 0 1 0 PARKHURST DINING SERVICE PO BOX 644091 PITTSBURGH PA 152644090 FOOD SERVICE 3630592 GCA SERVICES GROUP INC PO BOX 643823 PITTSBURGH PA 152643823 FACILITY MANAGEMENT 3586363 ROYALL & COMPANY 1920 EAST PARNHAM ROAD RICHMOND VA 23228 STUDENT SEARCH SERVICES 450412 RYCON CONSTRUCTION 2525 LIBERTY AVENUE PITTSBURGH PA 15222 CONSTRUCTION SRVCS SCIENCE BUILDING 369385 THE FIRST MARBLEHEAD CORPORATION 800 BOYLSTON STREET BOSTON MA 02199 STUDENT LOAN COLLECTIONS 335474 22 7080 1084093 15960141 3295976 17051314 TUITION AND FEES 900099 51880186 51880186 STUDENT SERVICES 900099 13979135 13979135 AUXILIARY PROGRAM SVCS 900099 1157844 1108648 49196 67017165 1489793 -19252 1509045 25868 94796 -68928 -68928 -68928 26584563 27302753 -718190 -718190 -718190 63546 7080 34330 29216 29216 784362 495255 289107 289107 85089477 66967969 29944 1040250 360650 360650 22488102 22488102 470027 470027 1310570 480374 423283 406913 16140235 13670625 1734176 735434 1174851 897412 210889 66550 4077704 3116934 724365 236405 1352319 1062908 212427 76984 27668 13834 13834 65950 65950 306639 306639 6862621 6720238 133067 9316 351844 351844 649269 582384 25063 41822 617111 407293 188836 20982 2824022 2675761 141201 7060 600684 452766 37570 110348 222850 85535 46671 90644 2890858 2890858 5437327 5226558 200231 10538 UBI INCOME TAXES 1562 1562 STUDENT ACTIVIT/PROGRAM 1220767 1220767 BAD DEBT EXPENSE 661811 661811 ATHLETIC & GAME EXPENSE 580916 580916 4201288 3608687 485461 107140 74897645 68026284 4951225 1920136 35829087 32981621 1056226 6602384 1640579 2070568 1938722 1955983 119477 169538 1873859 1977696 207910556 67950292 137583996 139960264 51415675 53104057 44398114 45163105 538130 505810 276393865 284491026 3806239 4578859 2867381 1526234 61948802 60897845 5608279 9258905 74230701 76261843 X 103322697 109899753 44987046 35792575 53853421 62536855 202163164 208229183 276393865 284491026 X 10191832 -4125813 X X 0 1 1 X 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1000000 1000000 1000000 1000000 4000000 6000000 69709 54173 49969 0 173851 250000 250000 250000 250000 1000000 1500000 X X 0 105449820 9658775 -2504073 2561974 4756905 105285643 83668287 12702816 13675739 1966253 2630769 105449820 75605633 4265777 8070543 2009438 2264228 83668287 101091273 1163346 -22017494 4631492 75605633 0.13400 0.59400 0.27200 1 0 10684941 10684941 151213475 41113997 110099478 26678613 20205777 6472836 19333527 6630518 12703009 139960264 COMMON STOCKS 71090 F INVESTMENT IN LIMITED P-SHIP 5300673 F DIVERSIFIED INFLATION HEDGE 4915463 F INT'L GROWTH EQUITY FUND 10445574 F INVEST. IN OTHER HEDGE FUNDS 16998581 F INVESTMENTS - REAL ESTATE 883743 C CASH SURRENDER VALUE OF LIFE INSURANCE POLICIES 478360 F SECUR.HELD IN TRUST BY OTHERS 5982099 F COMMODITIES 87522 F 45163105 ACCRUED RETIREE HEALTHCARE BENEFITS 2946017 FED.GOV ADVANCES FOR STUDENT LOANS 1838638 LIABILITIES UNDER LIFE INTEREST AGREEMENT 4019898 DEPOSITS HELD IN CUSTODY FOR OTHERS 454352 9258905 85089477 74897645 10191832 -4125813 -4125813 6066019 59836690 -4125813 -21751355 -25877168 85713858 -624381 -624381 85089477 53770671 624381 624381 53146290 21751355 21751355 74897645 PART III, LINE 1A: THE COLLEGE'S COLLECTIONS INCLUDE PAINTINGS, PRINTS, PHOTOGRAPHS, SCULPTURES, DRAWINGS AND WATERCOLORS, AND DECORATIVE ARTS. THESE ITEMS ARE HELD FOR EDUCATIONAL, RESEARCH, SCIENTIFIC AND CURATORIAL PURPOSES. EACH OF THE ITEMS IS CATALOGED, PRESERVED, AND CARED FOR, AND ACTIVITIES VERIFYING THEIR EXISTENCE AND ASSESSING THEIR CONDITION ARE PERFORMED CONTINUOUSLY. PURCHASE OF COLLECTION ITEMS ARE RECORDED AS OPERATING EXPENDITURES IN THE YEAR IN WHICH THE ITEMS ARE ACQUIRED. PART III, LINE 4: COLLECTIONS ARE USED TO FURTHER THE EDUCATIONAL PURPOSES OF THE COLLEGE. DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: CAPITAL IMPROVEMENTS, OPERATIONAL SUPPORT, AND STUDENT FINANCIAL AID, SUBJECT TO DONOR SPECIFICATIONS STATED IN ORIGINAL GIFT AGREEMENTS. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: THE COLLEGE FOLLOWS THE PROVISIONS OF THE CODIFICATION RELATING TO ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. THIS 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 JUNE 30, 2012 AND 2011 DO NOT INCLUDE ANY LIABILITIES ASSOCIATED WITH UNCERTAIN TAX POSITIONS; FURTHER, THE COLLEGE HAS NO UNRECOGNIZED TAX BENEFITS. THE COLLEGE BELIEVES THAT IT IS NO LONGER SUBJECT TO EXAMINATION OF ITS TAX RETURNS FOR YEARS PRIOR TO 2009. PART XII, LINE 2D - OTHER ADJUSTMENTS: STUDENT FINANCIAL AID -21,751,355. PART XII, LINE 4B - OTHER ADJUSTMENTS: COSTS OF GOODS SOLD -495,255. RENTAL EXPENSES -94,796. SPECIAL EVENT EXPENSES -34,330. PART XIII, LINE 2D - OTHER ADJUSTMENTS: COSTS OF GOODS SOLD 495,255. RENTAL EXPENSES 94,796. SPECIAL EVENT EXPENSES 34,330. PART XIII, LINE 4B - OTHER ADJUSTMENTS: STUDENT FINANCIAL AID 21,751,355. 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 WASHINGTON AND JEFFERSON COLLEGE ACTIVELY RECRUITS STUDENTS IN 47 STATES, WASHINGTON, D.C., PUERTO RICO, THE VIRGIN ISLANDS AND VARIOUS INTERNATIONAL COUNTRIES. IT IS THE OPINION OF THE COLLEGE THAT IT WOULD BE COST PROHIBITIVE TO PUBLICIZE THE COLLEGE'S NONDISCRIMINATION POLICY (AS TO RACE, COLOR, SEX, HANDICAP, AGE, OR NATIONAL ORIGIN) THROUGH NEWSPAPER OR BROADCAST MEDIA IN SUCH A LARGE GEOGRAPHICAL AREA. THE COLLEGE'S RACIAL NONDISCRIMINATION POLICY (AND OTHER AFOREMENTIONED NONDISCRIMINATORY POLICIES) ARE PUBLISHED IN THE COLLEGE'S CATALOGUES, PROGRAM PROFILES, FINANCIAL AID BROCHURE, APPLICATION FORM, COLLEGE PUBLICATIONS AND OTHER WRITTEN COMMUNICATIONS WHICH ARE ROUTINELY PROVIDED TO ALL PROSPECTIVE STUDENTS. THIS POLICY IS ALSO POSTED ON THE COLLEGE'S INTERNET WEBSITE. EXPLANATION OF GOVERNMENT FINANCIAL ASSISTANCE SCHEDULE E, PART I, LINE 6 IN THE COURSE OF OUR BUSINESS AS A COLLEGE, THE INSTITUTION RECEIVES FEDERAL GRANTS. 0 EUROPE 0 0 PROGRAM SERVICES STUDY ABROAD 595543 SOUTH AMERICA 0 0 PROGRAM SERVICES STUDY ABROAD 6070 SOUTH ASIA 0 0 PROGRAM SERVICES STUDY ABROAD 6208 EAST ASIA AND PACIFIC 0 0 PROGRAM SERVICES STUDY ABROAD 51064 NORTH AMERICA 0 0 PROGRAM SERVICES STUDY ABROAD 12291 CENTRAL AMERICA & CARIBBEAN 0 0 PROGRAM SERVICES STUDY ABROAD 37115 RUSSIA & THE NEWLY INDEPENDENT STATES 0 0 PROGRAM SERVICES STUDY ABROAD 22609 MIDDLE EAST AND NORTH AFRICA 0 0 PROGRAM SERVICES STUDY ABROAD 45337 EUROPE 0 0 PROGRAM SERVICES INTERNATIONAL RECRUITING 22500 EAST ASIA AND PACIFIC 0 0 PROGRAM SERVICES INTERNATIONAL RECRUITING 21346 MIDDLE EAST AND NORTH AFRICA 0 0 PROGRAM SERVICES INTERNATIONAL RECRUITING 7059 SOUTH ASIA 0 0 PROGRAM SERVICES INTERNATIONAL RECRUITING 7607 EUROPE 0 0 GRANTS TO RECIPIENTS LOCATED IN REGION INTERNATIONAL STUDIES 302903 RUSSIA & THE NEWLY INDEPENDENT STATES 0 0 GRANTS TO RECIPIENTS LOCATED IN REGION INTERNATIONAL STUDIES 9860 SOUTH AMERICA 0 0 GRANTS TO RECIPIENTS LOCATED IN REGION INTERNATIONAL STUDIES 38950 SUB-SAHARAN AFRICA 0 0 GRANTS TO RECIPIENTS LOCATED IN REGION INTERNATIONAL STUDIES 8200 EAST ASIA AND PACIFIC 0 0 GRANTS TO RECIPIENTS LOCATED IN REGION INTERNATIONAL STUDIES 83614 NORTH AMERICA 0 0 GRANTS TO RECIPIENTS LOCATED IN REGION INTERNATIONAL STUDIES 26500 CENTRAL AMERICA & CARIBBEAN 0 0 INVESTMENTS N/A 16893169 0 0 0 0 0 0 776237 17421708 18197945 STUDENT AID EUROPE 29 302903 N/A N/A N/A STUDENT AID RUSSIA & THE NEWLY INDEPENDENT STATES 1 9860 N/A N/A N/A STUDENT AID SOUTH AMERICA 5 38950 N/A N/A N/A STUDENT AID SUB-SAHARAN AFRICA 1 8200 N/A N/A N/A STUDENT AID EAST ASIA AND PACIFIC 8 83614 N/A N/A N/A STUDENT AID NORTH AMERICA 2 26500 N/A N/A N/A 1 0 1 0 1 0 PROCEDURE FOR MONITORING GRANTS OUTSIDE THE U.S.: SCHEDULE F, PART I, LINE 2: THE GRANT FUNDS AWARDED TO STUDENTS ARE APPLIED DIRECTLY TO THEIR STUDENT ACCOUNTS. USAGE IS MONITORED BY VIRTUE OF DIRECT ACCOUNT POSTING. GOLF OUTING 44820 7080 37740 1500 8065 4956 6473 B-BALL GOLF OUTING 14973 14973 600 750 4620 2257 2384 1 10833 10833 520 1755 450 70626 7080 63546 1120 2250 14440 7663 8857 34330 29216 1 CLEMSON UNIVERSITY 108 SILAS N PEARMAN BLVD CLEMSON SC 29634 576000254 170(B)(I)(A)(II) 84278 CSIP GRANT SUBRECIPIENT. MEMORIAL MEDICAL CENTER 1086 FRANKLIN STREET JOHNSTOWN PA 15905 250965307 170(B)(I)(A)(III) 35748 CSIP GRANT SUBRECIPIENT. HIGHLANDS HOSPITAL AND HEALTH CENTER 401 EMURPHY AVE CONNELLSVILLE PA 154252700 251494705 170(B)(I)(A)(III) 89585 CSIP GRANT SUBRECIPIENT. BRADFORD HOUSE HISTORICAL ASSOCIATION PO BOX 537 WASHINGTON PA 15301 256070816 509(A)(2) 10000 FESTIVAL DONATION. WINDBER RESEARCH INSTITUTE 620 7TH STREET WINDBER PA 15963 251877336 170(B)(I)(A)(III) 141039 CSIP GRANT SUBRECIPIENT. 5 0 SCHOLARSHIPS AND STUDENT AID 1341 21281328 STUDENT ASSISTANCE FOR ACADEMIC SUPPORT 50 1114760 STUDENT ASSISTANCE, STUDENT AWARDS 46 92014 PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, PART I, LINE 2: THE GRANT FUNDS AWARDED TO STUDENTS ARE APPLIED DIRECTLY TO THEIR STUDENT ACCOUNTS. USAGE IS MONITORED BY VIRTUE OF DIRECT ACCOUNT POSTING. X X X X 1 1 X X X X X X 0 0 0 0 0 0 0 0 0 DRTORI HARING-SMITH 295704 0 80926 0 31642 0 109285 0 44009 0 561566 0 79716 0 DENNIS MCMASTER 154961 0 0 0 3410 0 12748 0 17000 0 188119 0 0 0 ALTON NEWELL 144525 0 0 0 18360 0 12748 0 11104 0 186737 0 0 0 JAMES WHITE 145575 0 0 0 225 0 11800 0 16002 0 173602 0 173602 0 MICHAEL GRZESIAK 147943 0 0 0 1413 0 11774 0 11418 0 172548 0 172548 0 TIMOTHY MURPHY 140178 0 0 0 225 0 11569 0 15474 0 167446 0 167446 0 WASHINGTON COUNTY INDUSTRIAL DEVELOPMENT AUTHORITY 251437320 93859RAT4 2010-03-22 62084003 REFUNDING, CAPITAL PROJECTS 0 0 0 WASHINGTON COUNTY INDUSTRIAL DEVELOPMENT AUTHORITY 251437320 2009-09-01 4500000 CAPITAL PROJECTS 0 0 0 62084003 569653 924055 60607135 2010 1 0 1 1 4500000 44200 4455800 2010 0 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 1 0 0 0 0 0 1 0 0 0 0 MARTHINSEN & SALVITTI INSURANCE GROUP TRUSTEE OWNER 356552 CURRENT TRUSTEE HAS OWNERSHIP INTEREST IN INSURANCE PROVIDER. 0 X 1 0 N/A X 14 3281837 FMV X PIANO 1 0 N/A X CARPET 1 0 N/A X POOL TABLE 1 0 N/A X MISCELLANEOUS 4 0 N/A 0 0 1 1 THIRD PARTY USE: PART I, LINE 32B: THE COLLEGE USES AN OUTSIDE BROKER TO SELL SECURITIES RECEIVED AS CONTRIBUTIONS. NON REPORTING OF REVENUE: PART I, LINE 33: GIFTS IN KIND THAT ARE LESS THAN $10,000 ARE GENERALLY NOT REPORTED AS REVENUE, DUE TO LACK OF MATERIALITY. FORM 990, PART VI, SECTION A, LINE 7A THE BOARD OF TRUSTEE'S ELECTS NEW MEMBERS UPON THE EXPIRATION OF THE OUTGOING TRUSTEE'S TERM. FORM 990, PART VI, SECTION A, LINE 7B: TRUSTEE'S VOTE WITHIN THEIR RESPECTIVE COMMITTEES AND WITH THE FULL BOARD ON MATERIAL ISSUES RELATED TO THE COLLEGE. FORM 990, PART VI, SECTION B, LINE 11 FORM 990 IS REVIEWED BY THE ASSOCIATE VP FOR BUSINESS AND THE CHIEF FINANCIAL OFFICER, HIGHLIGHTS OF THE FORM ARE THEN REVIEWED WITH THE PRESIDENT OF THE COLLEGE. THE FORM IS AVAILABLE TO THE BOARD ONLINE, FOR THEIR REVIEW, AND IS PRESENTED TO THE AUDIT COMMITTEE FOR THEIR REVIEW AND APPROVAL. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY IS REVIEWED ANNUALLY BY THE SENIOR STAFF OF THE COLLEGE AND BY LEGAL COUNSEL. ANNUAL DISCLOSURE STATEMENTS ARE SENT OUT TO BOARD MEMBERS, OFFICERS, AND KEY EMPLOYEES. FORM 990, PART VI, SECTION B, LINE 15 -CEO: THE EMPLOYMENT CONTRACT INCLUDED A SALARY/BENEFITS REVIEW PERFORMED BY AN UNRELATED THIRD PARTY, SOLENTURE, ON BEHALF OF THE BOARD OF TRUSTEES, AND THE CONTRACT WAS APPROVED BY AN INDEPENDENT BOARD. THE PROCESS INCLUDED AN ANALYSIS OF COMPARABLE SALARY AND BENEFIT DATA. THE BOARD APPROVAL WAS DOCUMENTED IN THE MINUTES. -VP FOR BUSINESS AND FINANCE: THE COLLEGE SUBCONTRACTED TO AN UNRELATED CONSULTANT GROUP, WITT KIEFFER, FOR A SALARY AND BENEFITS REVIEW, INCLUDING AN ANALYSIS OF COMPARABLE DATA, AND ASSISTANCE WITH THE HIRING PROCESS. THE BOARD AND THE SENIOR STAFF ALSO PARTICIPATED IN THE PROCESS. FORM 990, PART VI, SECTION C, LINE 19 WASHINGTON & JEFFERSON COLLEGE MAKES ITS GOVERNANCE DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST, TYPICALLY VIA EMAIL. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED LOSSES ON INVESTMENTS: -4,125,813. FORM 990, PART XII, QUESTION 2C, OVERSIGHT OF FINANCIAL STATEMENT AUDIT: THE AUDIT AND RISK MANAGEMENT COMMITTEE OF THE BOARD OF TRUSTEES MEETS 2 TIMES A YEAR WITH THE COLLEGE'S EXTERNAL AUDITORS. THE FIRST MEETING TAKES PLACE IN THE PRE AUDIT PLANNING PHASE, AND THE SECOND MEETING IS AFTER THE THE AUDIT FIELDWORK IS COMPLETED, TO REVIEW THE RESULTS WITH THE AUDITORS. THE COMMITTEE THEN VOTES TO APPROVE THE RESULTS OF THE AUDITED FINANCIAL STATEMENTS AND PRESENTS THE RESULTS TO THE FULL BOARD. THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. FORM 990, PART VII, EMERITUS TRUSTEES: THE FOLLOWING INDIVIDUALS SERVE AS EMERITUS TRUSTEES OF THE WASHINGTON & JEFFERSON COLLEGE WITH NO VOTING RIGHTS: J. ROBERT MAXWELL, DOROTHY A. SERVIS, JOSEPH HARDY SR., ROBERT M. ELLIOTT, JOHN L.S. NORTHROP, F. LEO WRIGHT, EDWINA WEBB CAMERON, RICHARD Y. HADDAD, H. THOMAS PATTON, ANICA D. RAWNSLEY, WALTER COOPER, RONALD P. SANDMEYER, JAMES L. PHILLIPS, JOHN R. ECHEMENT, JAMES H. KEPSHIELD, RONALD V. PELLEGRINI, E. RONALD SALVITTI, ROBERT B. SHUST. CHARITABLE REMAINDER UNITRUST (7) PHILANTHROPY PA WASHINGTON & JEFFERSON COLLEGE T CHARITABLE REMAINDER TRUST (3) PHILANTHROPY PA WASHINGTON & JEFFERSON COLLEGE T 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0