2012-03-06T08:47:16-07:00 2011-06-30 990 2010-07-01 250965576 THIEL COLLEGE THIE 7245892000 75 College Avenue Greenville PA 16125 Troy VanAken 7245892001 2011-12-15 2010 2016-02-24 21:20:13Z Dr Troy D VanAken 75 College Avenue Greenville PA 16125 31122284 0 X www.thiel.edu X 1866 PA Post secondary undergraduate education 32 32 868 13 0 0 5825155 4271997 19701792 21803421 635541 1296456 333164 248011 26495652 27619885 1568980 1556230 0 0 10749084 11672849 0 0 647807 12831307 15201218 25149371 28430297 1346281 -810412 57464636 64580817 23336697 27661306 34127939 36919511 Post secondary undergraduate education 0 0 23514307 1556230 22734681 Post Secondary Education. 0 0 0 23514307 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 1 0 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 1 1480 0 868 1 0 0 0 0 0 0 0 0 0 0 X 32 32 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 PA X Constance M Jablonski 7245892001 75 College Avenue Greenville PA 16125 David R Andrews 0 X 0 0 0 Frank Baker 0 X 0 0 0 Edward A Bartko 0 X 0 0 0 Mark Benninghoff 0 X 0 0 0 Dr Robert O Blomquist 0 X 0 0 0 Dr Robert D Burns 0 X 0 0 0 Lewis P Carbone 0 X 0 0 0 Dr Jonathan P Caulkins 0 X 0 0 0 Jason E Chappell 0 X 0 0 0 Connie L Danko 0 X 0 0 0 Ronald Doerr 0 X 0 0 0 George Dufala 0 X 0 0 0 Brian Evans 0 X 0 0 0 Dr Alan F Fager 0 X 0 0 0 John R Frangakis 0 X 0 0 0 Joseph A George 0 X 0 0 0 David Gleason 0 X 0 0 0 Fred Haer 0 X 0 0 0 Carl A Hoffman Jr 0 X 0 0 0 John Hudson 0 X 0 0 0 Rick Huether 0 X 0 0 0 Dr Charles Inacker 0 X 0 0 0 Dr Glen R Johnson 0 X 0 0 0 Rev Kurt F Kusserow 0 X 0 0 0 Dr James McHugh 0 X 0 0 0 Steven D Mechling 0 X 0 0 0 Catherine Mott 0 X 0 0 0 Barbara Nakles 0 X 0 0 0 Ronald W Owen 0 X 0 0 0 Donald R Owrey 0 X 0 0 0 Dr James Pedas 0 X 0 0 0 William E Phillips Sr 0 X 0 0 0 Joseph D Scarpitti 0 X 0 0 0 Susan R Snowden 0 X 0 0 0 Dr Roy Strausbaugh 0 X 0 0 0 Sarah Taylor-Rogers 0 X 0 0 0 Dr John L Vitale 0 X 0 0 0 Miles Wallace 0 X 0 0 0 Howard Weyers 0 X 0 0 0 Rod E Wilt 0 X 0 0 0 Elaine Woloshyn 0 X 0 0 0 John E Zawacki 0 X 0 0 0 Amy Becher 40 X 80433 0 4292 William Beil 40 X 89468 0 4050 Lynn Franken 40 X 67608 0 2176 Gregory Garber 40 X 20003 0 26 Jennifer Griffin 40 X 63288 0 4018 David Grober 40 X 123268 0 8508 M Scott Hartle 40 X 71902 0 3681 John Leipheimer 40 X 71103 0 3621 Michael McKinney 40 X 60433 0 13936 Mervin Newton 40 X 51009 0 3084 Dr Troy VanAken 40 X 235606 0 41521 934121 0 88913 2 0 1 0 Anderson Coach and Tour One Anderson Plaza Greenville PA 16125 Transportation Services 203380 AVI Foodsystems Inc 2590 Elm Road NE Warren OH 44483 Campus Food Service 1909811 Deloitte and Touche PO Box 7247 6446 Philadelphia PA 191706446 Audit Services 121137 Rein Construction Company PO Box 68 Brookfield OH 44403 Contracting Services 600000 Royal 1920 East Parham Road Richmond VA 232282206 Consulting Services 436033 6 0 0 16875 0 1275096 2980026 109427 4271997 Net tuition and fees 611310 12910077 12910077 0 0 Auxiliary services 611310 8893344 8893344 0 0 0 0 0 0 21803421 707581 102841 0 604740 0 0 0 0 0 0 0 0 8760 0 4108 0 4652 0 4652 4652 0 0 4070808 0 3481933 0 588875 0 588875 588875 0 0 20690 16875 12523 8167 0 8167 22615 3835 18780 18780 0 0 Service charges, fees, other miscellaneous 611310 216412 216412 0 0 0 0 0 0 216412 27619885 22734981 0 612907 0 0 1556230 1556230 0 0 0 0 1004617 425566 452983 126068 0 0 0 0 8708446 7723033 686286 299127 105503 75596 25343 4564 1132232 898429 196211 37592 722051 621276 68040 32735 0 0 0 0 46621 0 46621 0 104027 0 104027 0 0 0 0 0 0 0 104466 0 104466 0 3332464 2931986 378662 21816 782239 767017 12062 3160 2132395 1029815 1032261 70319 -56202 0 -56202 0 0 0 0 0 1728913 1659388 69525 0 492257 440826 16081 35350 0 0 0 0 2339 2339 0 0 703740 703740 0 0 0 0 0 0 2334568 2334568 0 0 404283 0 400249 4034 Equipment/Leases 1155876 457798 698078 0 Student Services 415100 405652 -243 9691 Special Programming 68869 68349 520 0 Loss of refinancing of debt 743818 743818 0 0 Unrealized loss on SWAP interest rate 494596 494596 0 0 210849 174285 33213 3351 28430297 23514307 4268183 647807 2200 2200 3146620 6236033 2947677 2064999 2763372 2698280 0 0 0 0 1769077 1762884 181857 185747 127122 125021 73465725 46548771 25200210 26916954 20881177 24312991 0 0 0 0 0 0 445324 275708 57464636 64580817 1639909 1800421 0 0 348329 355900 13616029 0 0 0 0 0 1270464 18755904 0 0 6461966 6749081 23336697 27661306 X 7334975 7616314 7610813 7102923 19182151 22200274 34127939 36919511 57464636 64580817 X -810412 3601984 X 0 1 1 X 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 20880077 279868 4295430 598726 543658 0 24312991 19676175 340933 2389463 924146 602348 0 20880077 25741999 558031 -4563049 1037435 1023371 0 19676175 0.0342 0.9131 0.0527 1 0 416017 0 416017 58429431 0 34567051 23862380 0 0 0 0 14620277 0 11981720 2638557 0 0 0 0 26916954 0 Conditional asset retirement obligations 3527654 Refundable advances 1719680 Lease obligations 851469 Deposits held in custody for others 155682 Interest Rate SWAP Liability 494596 6749081 27619885 28430297 -810412 3594038 0 104466 0 0 3698504 2888092 31129923 3594038 0 0 0 3594038 27535885 104466 -20466 84000 27619885 27099938 0 0 0 12523 12523 27087415 104466 1238416 1342882 28430297 SchD_P05_S00_L04 Schedule D, Part V, Line 4 Our endowments are used for scholarships, new buildings, and other programs as may be specified by the donor. SchD_P10_S00_L02 Schedule D, Part X, Line 2 Income Taxes - The College is exempt from federal income taxes under Section 501(a) of the Internal Revenue Code (the "Code") as an organization described under Section 501(c)(3) of the Code. The College adopted new guidance for uncertainty in income taxes for the year ended June 30, 2011, which provides criteria for the recognition and measurement of uncertain tax positions. This guidance requires that an uncertain tax position should be recognized only if it is "more likely than not" that the position is sustainable based on its technical merits. Recognizable tax positions should then be measured to determine the amount of benefit recognized in the financial statement. The College files U.S. federal, state and local information returns, and no returns are currently under examination. The statute of limitations on the College's U.S. federal tax returns remains open for the years ended June 30, 2007 through the present. The College continues to evaluate its tax positions pursuant to the principles of such guidance and has determined that there is no material impact on the College's financial statements. SchD_P12_S00_L04b Schedule D, Part XII, Line 4b This is rental expense, expense related to golf outings and expense related to a raffle SchD_P13_S00_L02d Schedule D, Part XIII, Line 2d These are expenses related to golf outings SchD_P13_S00_L04b Schedule D, Part XIII, Line 4b These are expenses related to the refinancing of old debt and to the market adjustment of two SWAP transactions 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SchE_P01_S00_L03 Schedule E, Part I, Line 3 Published in local daily newspaper SchE_P01_S00_L06 Schedule E, Part I, Line 6 Many of our students receive aid from federal programs such as Pell and/or state programs such as PHEAA. Blue & Gold Golf Outing 23640 11250 12390 0 0 0 6708 0 544 Homecoming Golf Outing 13925 5625 8300 0 0 0 4521 0 750 0 37565 16875 20690 0 0 0 11229 0 1294 12523 8167 0 0 0 0 0 0 0 0 0 0 0 0 22615 0 3500 0 335 1 1 22615 0 3500 0 335 3835 18780 PA 1 0 0 0 1 0 John A Leipheimer 75 College Avenue Greenville PA 16125 0 John A Leipheimer 0 Oversees sale of raffle tickets, makes certain all tickets and funds are accounted for. Makes certain that all funds and are deposited into College account, tracks expenditures. Destroys all unsold tickets. X 0 0 1 This is internally funded financial assisstance financed by the earnings of our restricted endowment fund. 500 1556230 0 Fair market value SchI_P01_S00_L02 Schedule I, Part I, Line 2 Our grants are awarded by our financial aid department, are applied to student accounts by the student billing department, and are recorded to the general ledger by the financial services departmens. X X 1 1 X X X X 0 0 0 0 0 0 0 0 0 Dr Troy VanAken 203333 0 0 0 32273 0 15500 0 26021 0 277127 0 109238 0 SchJ_P01_S00_L01a Schedule J, Part I, Line 1a The President's wife accompanies him when on College business as is necessary. The President and the Dean of Students are provided with campus-owned housing. X 2 54015 Fair Market Value X 1 55412 Fair Market Value 0 0 1 1 SchM_P01_S00_L32b Schedule M, Part I, Line 32b We use stock brokers to sell our gifts of shares of stock. F990_P06_S0B_L11a Form 990, Part VI, Section B, Line 11a A copy of the draft Form 990 is made available to the Audit committee for review and comment. Subsequently, members of the Board of Trustees are notified and provided access to a complete draft and final copy of Form 990 prior to the November board meeting and final filing. F990_P06_S0B_L12c Form 990, Part VI, Section B, Line 12c Officers and trustees must sign an annual disclosure form that identifies any potential conflicts, both personally and by any related third party. F990_P06_S0B_L15 Form 990, Part VI, Section B, Line 15 The Presidential Review and Compensation Committee. F990_P06_S0C_L19 Form 990, Part VI, Section C, Line 19 Upon written request. F990_P11_S00_L05 Form 990, Part XI, Line 5 This amount is unrealized gains on investments, rental expenses, and expenses related to a fund raising raffle. TPR Development 75 College Avenue Greenville PA 16125 251401400 Natural Gas Well PA 0 0 N/A