2012-03-26T12:32:10-05:00 2011-06-30 SC&H TAX & ADVISORY SERVICES LLC 910 RIDGEBROOK ROAD SPARKS MD 21152 990 2010-07-01 520591694 MCDANIEL COLLEGE INC MCDA 4108572218 2 COLLEGE HILL WESTMINSTER MD 211574303 ROGER N CASEY 4108572218 2012-03-17 1 LORI S BURGHAUSER 4104031500 2012-03-17 2010 2016-02-24 21:20:13Z ROGER N CASEY 2 COLLEGE HILL WESTMINSTER MD 211574303 95739913 0 X WWW.MCDANIEL.EDU X 1867 MD STUDENTS ARE THE FOCUS AT MCDANIEL AND PROVIDING THE IDEAL LEARNING ENVIRONMENT IS OUR GOAL. 40 40 1912 40 754496 -123233 8973585 9284110 70439001 72400124 3043932 5076333 347628 276119 82804146 87036686 23970810 25435436 0 0 34498691 32617780 32397 0 1951956 26227399 27319501 84729297 85372717 -1925151 1663969 196635061 209196906 84448251 83457126 112186810 125739780 X MCDANIEL COLLEGE IS A DIVERSE STUDENT-CENTERED COMMUNITY COMMITTED TO EXCELLENCE IN THE LIBERAL ARTS & SCIENCES AND PROFESSIONAL STUDIES. WITH CAREFUL MENTORING AND ATTENTION TO THE INDIVIDUAL, MCDANIEL CHANGES LIVES. WE CHALLENGE STUDENTS TO DEVELOP THEIR UNIQUE POTENTIALS WITH REASON, IMAGINATION, AND HUMAN CONCERN. THROUGH FLEXIBLE ACADEMIC PROGRAMS, COLLABORATIVE AND EXPERIENTIAL LEARNING, AND GLOBAL ENGAGEMENT, MCDANIEL PREPARES STUDENTS FOR SUCCESSFUL LIVES OF LEADERSHIP, SERVICE, AND SOCIAL RESPONSIBILITY. 0 0 62338243 21096195 52406573 UNDERGRADUATE PROGRAM OF STUDY - 1,529 FULL TIME STUDENT EQUIVALENCY.MCDANIEL COLLEGE HAS A LONG HISTORY AS A SMALL PRIVATE COLLEGE OF THE LIBERAL ARTS. MCDANIEL OFFERS COURSES OF STUDY IN MORE THAN 60 AREAS, INCLUDING PRE-PROFESSIONAL PROGRAMS, TEACHING CERTIFICATION, AND OFF-CAMPUS PROGRAMS. STUDENTS MAY PURSUE TRADITIONAL, DUAL, OR DOUBLE MAJORS, OR DESIGN THEIR OWN COURSE OF STUDY. THE AVERAGE CLASS SIZE IS 15 STUDENTS; THE STUDENT-FACULTY RATIO IS 12-1, MCDANIEL HAS 105 FULL-TIME FACULTY; 89.7 PERCENT HOLD DOCTORATE DEGREES IN THEIR DISCIPLINES. ALL COURSES AND LABORATORIES ARE TAUGHT BY REGULAR FACULTY MEMBERS, NOT TEACHING ASSISTANTS. THE COLLEGE OFFERS COUNTLESS OPPORTUNITIES FOR OFF-CAMPUS STUDY BOTH WITHIN THE UNITED STATES AND OVERSEAS. AMONG THEM: STUDY IN BUDAPEST, HUNGARY THROUGH AN AGREEMENT WITH COLLEGE INTERNATIONAL WHICH FOLLOWS MCDANIEL'S CURRICULUM.MCDANIEL IS ACCREDITED BY THE COMMISSION ON HIGHER EDUCATION OF THE MIDDLE STATES ASSOCIATION OF COLLEGES AND SCHOOLS. 12543261 4247624 10843746 AUXILARY SERVICES: DINING HALL SERVICES FOR 1,193 STUDENTS AND RESIDENCE HALL SERVICES FOR 1,269 STUDENTS.RESIDENCE HALL - AT MCDANIEL FIRST, SECOND AND THIRD YEAR STUDENTS ALL LIVE ON CAMPUS. IN FACT, ALL STUDENTS ARE GUARANTEED HOUSING FOR ALL FOUR YEARS. EXCEPTIONS TO THE RESIDENCY REQUIREMENTS ARE MADE FOR THOSE WHO LIVE NEARBY WITH THEIR PARENTS, ARE MARRIED, OR ARE OVER AGE 24 OR PART TIME.YOU'LL FIND A RANGE OF OPTIONS, INCLUDING CLASSIC DORM STYLE ARRANGEMENTS AND APARTMENT SUITES, STAFFED BY FRIENDLY AND CAPABLE RESIDENT ASSISTANTS, WHO ARE SUPERVISED BY PROFESSIONAL STAFF. ALL RESIDENCES ARE WIRED FOR CABLE, TELEPHONE AND THE INTERNET.DINING HALL - AT MCDANIEL, STUDENTS HAVE A WIDE RANGE OF DINING CHOICES, CHOOSEN FROM A VARIETY OF MEAL PLANS DESIGNED FOR DORM, APARTMENT, OR COMMUTER STUDENT LIVING. ALL DINING LOCATIONS ARE WITHIN WALKING DISTANCE AND OFFER EXTENSIVE HOURS. 5263390 91617 8291246 GRADUATE PROGRAM OF STUDY - FULL TIME STUDENT EQUIVALENCY 882.THE MISSION OF GRADUATE AND PROFESSIONAL STUDIES IS TO PREPARE CULTURALLY COMPETENT PROFESSIONALS COMMITTED TO LEADERSHIP IN THEIR FIELD. STUDENTS ARE PLACED IN THE CENTER OF A COMMUNITY RICH IN THE LIBERAL ARTS TRADITION. AN EMPHASIS ON THE FOUNDATION OF KNOWLEDGE AND CRITICAL DECISION MAKING BASED ON CURRENT RESEARCH, THEORY AND PRACTICE ARE CENTRAL TO THE VARIOUS PROGRAMS.TWO GRADUATE DEGREES ARE GRANTED BY MCDANIEL COLLEGE: THE MASTER OF LIBERAL ARTS: AND THE MASTER OF SCIENCE. MCDANIEL COLLEGE IS ACCREDITED BY THE COMMISSION ON HIGHER EDUCATION OF THE MIDDLE STATES ASSOCIATION OF COLLEGES AND SCHOOLS, ALSO ACCREDITED BY: AMERICAN CHEMICAL SOCIETY, COUNCIL ON SOCIAL WORK EDUCATION, NATIONAL COUNCIL FOR ACCREDITATION OF TEACHER EDUCATION AND MARYLAND STATE DEPARTMENT OF EDUCATION.MCDANIEL COLLEGE GRADUATE AND PROFESSIONAL STUDIES DOES MORE THAN PREPARE TEACHERS, ADMINISTRATORS, COUNSELORS, AND A HOST OF EDUCATIONAL SPECIALISTS. AT MCDANIEL, YOU WILL FIND PROFESSIONAL PROGRAMS IN EXERCISE SCIENCE, GERONTOLOGY, HUMAN RESOURCE MANAGEMENT, AND LEADERSHIP IN GLOBAL ENTERPRISE. 80144894 1 1 0 1 0 0 0 0 1 1 0 0 1 1 1 0 1 1 0 1 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 1 162 0 1912 1 1 1 0 0 0 0 0 0 0 0 0 X 40 40 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MD X ARTHUR S WISNER 4108572218 2 COLLEGE HILL WESTMINSTER MD 211574390 MARTIN KP HILL X 0 0 0 MARY LYNN DURHAM X 0 0 0 GEORGE R BENSON JR X 0 0 0 WAYNE K CURRY X 0 0 0 WILLIAM B DULANY X 0 0 0 WILLIAM H ELLIOTT X 0 0 0 PHILIP G ENSTICE X 0 0 0 RALPH O FRITH X 0 0 0 J ELIZABETH GARRAWAY X 0 0 0 KENNETH R GILL X 0 0 0 OTTO J GUENTHER X 0 0 0 KEVIN F HANLEY X 0 0 0 STEVEN D KESLER X 0 0 0 MARJORIE R KIMBLE X 0 0 0 CAROLYN P LANDIS X 0 0 0 JAMES E LIGHTNER X 0 0 0 SHARON F MANNING X 0 0 0 JAMES I MELHORN X 0 0 0 JULIE MERCER X 0 0 0 ALBERT J MEZZANOTTE JR X 0 0 0 CHARLES E MOORE JR X 0 0 0 CHITRACHEDU NAGANNA X 0 0 0 CHRISTOPHER C NEWMAN X 0 0 0 CARYL ENSOR PETERSON X 0 0 0 BRUCE H PRESTON X 0 0 0 DONALD M REMBERT X 0 0 0 R CHRISTINE ROYER X 0 0 0 CAROLYN L SCOTT X 0 0 0 BARBARA SHELTON X 0 0 0 ROBERT W SMITH JR X 0 0 0 DOLORES J SNYDER X 0 0 0 FERENC SOMOGYI X 0 0 0 BARBARA A THOMAS X 0 0 0 CONSTANCE M UNSELD X 0 0 0 NANCY C VOSS X 0 0 0 ROBERT E WARFIELD X 0 0 0 MICHAEL E WEINBLATT X 0 0 0 WILLIAM J WESTERVELT JR X 0 0 0 LESLIE A WILEY X 0 0 0 JAMES H YATES X 0 0 0 ROGER N CASEY 40.00 X 187632 0 26924 ETHAN A SEIDEL 40.00 X 194534 0 29826 ARTHUR S WISNER 40.00 X 105109 0 19236 KIMBERLY A SEELEY 40.00 X 82326 0 22592 MARY ANN FRIDAY 40.00 X 48943 0 9325 TAMARA BOWEN 40.00 X 26260 0 10259 RICHARD G KIEF 40.00 X 223603 0 41896 THOMAS M FALKNER 40.00 X 195601 0 31236 JOAN DEVELIN COLEY 40.00 X 321220 0 43271 THOMAS ZIRPOLI 40.00 X 147959 0 27745 FLORENCE W HINES 40.00 X 137868 0 37831 LAWRENCE JUNKIN 40.00 X 132651 0 29325 BETH GERL 40.00 X 128919 0 27554 1932625 0 357020 16 0 1 0 SODEXO MANAGEMENT SERVICES PO BOX 536922 ATLANTA GA 30353 FOOD SERVICE CONTRACTOR/MANAGEMENT FEES 2460346 HENRY H LEWIS CONTRACTORS 55 GWYNN MILL COURT OWINGS MILLS MD 21117 PROJECT GENERAL CONTRACTOR 1379125 LAKEWOOD MANUFACTURING CO 1241 NEW WINDSOR ROAD WESTMINSTER MD 21158 RESIDENCE HALL FURNITURE 443347 PATRICK CONSTRUCTION 440 WEST DEEP RUN ROAD WESTMINSTER MD 21158 PROJECT GENERAL CONTRACTOR 350491 MARSHALL CRAFT ASSOCIATES 6112 YORK ROAD BALTIMORE MD 21212 ARCHITECTURAL SVCS 337093 10 76995 2622855 6584260 9284110 TUITION & FEES - UNDER 611600 52406573 52406573 SALES/SERVICES OF AUXI 721310 11527667 10843746 683921 TUITION & FEES - GRADU 611600 8291246 8291246 MISCELLANEOUS INCOME 611710 174638 174638 72400124 319272 319272 626022 626022 12820691 8689652 4131039 4131039 4131039 24616 13575 11041 11041 PARKING FINES/FEES 900099 162635 162635 GOLF COURSE 713910 67702 67702 THEATER 711110 4727 4727 30014 2873 27141 265078 87036686 71541565 754496 5456515 25435436 25435436 1458492 226934 1069306 162252 23337474 21442872 1010446 884156 1673722 1533984 62037 77701 4458658 3904083 330644 223931 1689434 1506613 99655 83166 342624 342624 111156 111156 101007 101007 570367 570367 3385518 3212202 80531 92785 977305 850984 73689 52632 3502758 3322345 65541 114872 630028 578176 13733 38119 3042236 3042236 367892 303471 14966 49455 220532 134781 43946 41805 2485874 2485874 6187346 6187346 394403 394403 REPAIR/MAINTENANCE 2096590 2091367 5223 SPONSOR PROGRAM 1240169 1240169 MISCELLANEOUS 840018 498658 210278 131082 INTERCOLLEGIATE ATHLETI 578585 578585 CURRICULUM EXPENSE 150228 150228 94865 94865 85372717 80144894 3275867 1951956 13160672 13070078 6260331 6253291 1483930 1127399 2441381 2516393 405099 437458 132826 223704 142802809 68380247 76523578 74422562 66743585 87420997 10161612 4517091 19322047 19207933 196635061 209196906 12987394 13062602 3165623 2033671 65446853 64062354 660000 2030000 2188381 2268499 84448251 83457126 X 46730557 48368437 19081984 30124943 46374269 47246400 112186810 125739780 196635061 209196906 X 1663969 11889001 X X 0 1 1 X 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 0 1 14899 14899 0 EXPLANATION OF OTHER LOBBYING ACTIVITIES: PART II-B, LINE 1I: THE ORGANIZATION PAID MEMBERSHIP DUES OF $78,416 TO THE MARYLAND INDEPENDENT COLLEGES AND UNIVERSITIES ASSOCIATION (MICUA), WHICH ENGAGES IN LOBBYING ACTIVITY. MICUA SET ASIDE 19% OF THE DUES PAID TO ENGAGE IN NONDEDUCTIBLE LOBBYING AND POLITICAL EXPENDITURES. ACCORDINGLY, THE COLLEGE HAS REPORTED AN AMOUNT EQUAL TO 19% OF MEMBERSHIP DUES PAID ON LINE 1I. 74708710 1592907 15494482 3504224 88291875 67615165 1671980 8729067 3307502 74708710 80473735 1224354 -10577240 3505684 67615165 0.30420 0.50530 0.19050 0 0 2317941 2317941 120825516 54815802 66009714 7344205 4544791 2799414 10365724 7920978 2444746 1949423 1098676 850747 74422562 NET INVESTMENT IN WMC DEVELOPMENT 6180989 DEPOSITS WITH BOND TRUSTEES 13026944 19207933 REFUNDABLE ADVANCES FROM THE U.S. GOVERNMENT 2268499 2268499 87036686 85372717 1663969 12811594 -922593 11889001 13552970 73369252 12811594 13575 12825169 60544083 570367 25922236 26492603 87036686 59816282 544233 544233 59272049 570367 25530301 26100668 85372717 DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: IN THE EVENT THE COLLEGE RECEIVES DONOR-RESTRICTED ENDOWMENT FUNDS, DETERMINATION OF THE NET ASSET CLASSIFICATION FOR THE CORPUS AND RETURN ON INVESTMENTS IS BASED ON THE DONOR'S INTENTIONS. IN THE EVENT THE COLLEGE'S BOARD DETERMINES CERTAIN NON-DONOR FUNDS AS BOARD DESIGNATED, THOSE RESPECTIVE FUNDS ARE CLASSIFIED AS UNRESTRICTED AND THE RETURN ON THOSE FUNDS ARE USED TO SUPPORT THE GENERAL PROGRAM EXPENSES OF THE ANNUAL BUDGET. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: ASC 740, INCOME TAXES (ASC 740), PRESCRIBES A RECOGNITION THRESHOLD AND A MEASUREMENT ATTRIBUTE FOR THE FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT OF TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. FOR THOSE BENEFITS TO BE RECOGNIZED, A TAX POSITION MUST BE MORE-LIKELY-THAN-NOT TO BE SUSTAINED UPON EXAMINATION BY TAXING AUTHORITIES. THE COLLEGE CONTINUES TO REMAIN SUBJECT TO EXAMINATION BY U.S. FEDERAL AUTHORITIES FOR THE YEARS 2007 THROUGH 2011. THE COLLEGE RECOGNIZES INTEREST AND PENALTIES ACCRUED ON ANY UNRECOGNIZED TAX EXPOSURE AS A COMPONENT OF INCOME TAX EXPENSE. THE COLLEGE DOES NOT HAVE ANY AMOUNTS ACCRUED RELATING TO INTEREST AND PENALTIES AS OF JUNE 30, 2011 AND 2010. PART XI, LINE 8 - OTHER ADJUSTMENTS: BOOK/TAX DIFFERENCE ON PARTNERSHIP INVESTMENTS -391,935. ADJUSTMENT OF ACTUARIAL LIABILITY FOR ANNUITIES PAYABLE -530,658. PART XII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENTS REVENUES NETTED WITH EXPENSES 13,575. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 25,435,436. PARTNERSHIP INVESTMENT INCOME 486,800. PART XIII, LINE 2D - OTHER ADJUSTMENTS: ACTUARIAL LIABILITY FOR ANNUITIES PAYABLE 530,658. SPECIAL EVENTS REVENUES NETTED WITH EXPENSES 13,575. PART XIII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 25,435,436. PARTNERSHIP INVESTMENT EXPENSES 94,865. PART XI, LINE 8: OTHER ADJUSTMENTS: ADJUSTMENT OF ACTUARIAL LIABILITY FOR ANNUITIES PAYABLE <$530,658> PART XII, LINE 2A: NET UNREALIZED GAIN ON INVESTMENTS AS A RESULT OF MARKET CHANGE FOR FISCAL YEAR 2011. THE INCREASE WAS ASSOCIATED WITH THE COLLEGE ENDOWMENT MARKET CHANGE DURING FISCAL 2011. PART XII, LINE 4B AND PART XIII, LINE 4B: SCHOLARSHIP AND FINANCIAL AID IS CONSIDERED FINANCIAL RESOURCE USED TO DISCOUNT THE STUDENTS' FINANCIAL OBLIGATION. GENERALLY SCHOLARSHIPS AND FINANCIAL AID IS DIVIDED INTO TWO CATEGORIES: NON-NEED-BASED AND NEED-BASED. PER THE AUDITED FINANCIAL STATEMENTS, SCHOLARSHIP AND FINANCIAL AID IS RECORDED AS A DISCOUNT TO GROSS TUITION AND FEES. PER THE TAX RETURN, FORM 990, SCHOLARSHIP AND FINANCIAL AID IS RECORDED ON PART IX, LINE 2. PARTS XI, XII, AND XIII RECONCILE TO SEPARATE COMPANY FINANCIAL STATEMENTS OF MCDANIEL COLLEGE, INC. 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 ADVERTISEMENTS COVER THE STATE OF MARYLAND, THE PRIMARY SEGMENT OF OUR GENERAL COMMUNITY. UNDER IRS PROCEDURES 75-50, EXCEPTION 4.03 - 2 (B), THE BALANCE OF OUR STUDENT BODY COMES FROM A LARGE GEOGRAPHICAL AREA. THEY ARE CONTACTED THROUGH VISITS TO HIGH SCHOOLS BY ADMISSIONS COUNSELORS WITH STUDENT PUBLICATIONS. EXPLANATION OF GOVERNMENT FINANCIAL ASSISTANCE SCHEDULE E, PART I, LINE 6 MCDANIEL RECEIVES GRANTS AND SCHOLARSHIPS FOR FINANCIAL AID FROM THE FEDERAL GOVERNMENT AS WELL AS THE STATE OF MARYLAND. THE FUNDS THAT ARE RECEIVED ARE EARMARKED BY THE GOVERNMENT AGENCY FOR CERTAIN STUDENTS AND THE COLLEGE HAS NO DECISION MAKING POWER OVER THE FUNDS. EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 PROGRAM SERVICE PREPARATORY PROG. 0 0 0 0 0 0 0 0 0 0 0 0 0 OTHER INFORMATION SCHEDULE F, PART V MCDANIEL RECEIVED $212,344 IN REVENUE FOR PREPARATORY PROGRAM (PRE MED COURSES). COURSES WERE TAUGHT UNDER THE MCDANIEL CURRICULUM. GOLF TOURNAMENT 24616 24616 13575 24616 24616 13575 13575 11041 1 SCHOLARSHIPS/FELLOWSHIPS 1938 0 25435436 BOOK ACADEMIC & FINANCIAL NEED BASED PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, PART I, LINE 2: A LIST OF RECIPIENTS OF SCHOLARSHIPS IS ON FILE AT THE INSTITUTION AND IS AVAILABLE ON REQUEST. ALTHOUGH THERE MAY BE RECIPIENTS WHO ARE RELATED TO PERSONS HAVING AN INTEREST IN THE INSTITUTION, SUCH RECIPIENTS ARE SELECTED ON AN EQUAL, OBJECTIVELY DETERMINABLE BASIS WITH OTHER RECIPIENTS. THAT IS, ALL STUDENTS RECEIVING SCHOLARSHIPS AND FELLOWSHIPS ARE JUDGED WORTHY BY THE INSTITUTION'S ASSESSMENT ON THE BASIS OF ACADEMIC ACHIEVEMENT, FINANCIAL NEED, AND OTHER SIMILAR STANDARDS. X 1 0 X X X X 0 0 0 0 0 0 0 0 0 ROGER N CASEY 179382 0 0 0 8250 0 13520 0 13404 0 214556 0 0 0 ETHAN A SEIDEL 178034 0 0 0 16500 0 19500 0 10326 0 224360 0 0 0 RICHARD G KIEF 223603 0 0 0 0 0 22441 0 19455 0 265499 0 0 0 THOMAS M FALKNER 195601 0 0 0 0 0 17360 0 13876 0 226837 0 0 0 JOAN DEVELIN COLEY 304720 0 0 0 16500 0 24500 0 18771 0 364491 0 0 0 THOMAS ZIRPOLI 147959 0 0 0 0 0 14719 0 13026 0 175704 0 0 0 FLORENCE W HINES 137868 0 0 0 0 0 14500 0 23331 0 175699 0 0 0 LAWRENCE JUNKIN 132651 0 0 0 0 0 6825 0 22500 0 161976 0 0 0 BETH GERL 128919 0 0 0 0 0 13000 0 14554 0 156473 0 0 0 PART I, LINE 1A AN ON-CAMPUS PERSONAL RESIDENCE IS PROVIDED TO THE PRESIDENT AS PART OF HIS EMPLOYMENT FOR THE CONVENIENCE OF THE COLLEGE. CITY OF WESTMINSTER MD 526000811 960733AY9 2002-12-23 17010000 STF RESIDENT FAC, ACADEMIC BUILDING 0 0 0 CITY OF WESTMINSTER MD 526000811 960733BU6 2006-11-16 33760000 STF RESIDENT FAC, NEW FITNESS CTR 0 0 0 17010000 531452 9826765 2004 0 0 1 1 34454110 13026944 248951 20741937 2007 1 1 1 1 0 0 0 0 0 0.00000 0.00000 0.00000 1 0 0 0 0 0 0.00000 0.00000 0.00000 1 0 0 0 0 0 0 0 0 0 0 0 0 FORM 990, PART VI, SECTION B, LINE 11 THE FORM 990 IS POSTED TO THE BOARD OF DIRECTORS' TRUSTEE WEBSITE FOR REVIEW. THE FORM 990 IS PART OF THE FEBRUARY 4, 2012 BOARD MEETING AGENDA. THE FORM 990 IS ACCEPTED AT THIS MEETING PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C MCDANIEL COLLEGE HAS ALL TRUSTEES, KEY EMPLOYEES, AND OFFICERS COMPLETE AN ANNUAL DISCLOSURE STATEMENT FOR CONFLICTS OF INTEREST. TAXPAYER HAS 100% PARTICIPATION WITH THE COMPLETION OF THE STATEMENT. A LIST IS COMPILED, REVIEWED AND ON FILE WITH THE FINANCE AND PRESIDENT'S OFFICE. CONTRACTS AND VENDORS ARE PERIODICALLY REVIEWED AND BIDS ARE OBTAINED AND REVIEWED WITH CONFLICT OF INTEREST AWARENESS. FORM 990, PART VI, SECTION B, LINE 15 THE PRESIDENT (CE0) AND PRESIDENT'S COUNCIL (VPS/PROVOST) COMPENSATION PACKAGES ARE REVIEWED ANNUALLY BY AN EXECUTIVE COMPENSATION COMMITTEE OF THE BOARD. A COMPARISON OF COMPENSATION IS MADE TO THE COLLEGE AND UNIVERSITY PERSONNEL ASSOCIATION'S (CUPA) ADMINISTRATIVE COMPENSATION SURVEY. PERFORMANCE EVALUATIONS ARE ALSO REVIEWED. A RECOMMENDATION IS MADE TO THE EXECUTIVE COMMITTEE OF THE BOARD FOR APPROVAL OF COMPENSATION PACKAGES. OTHER OFFICERS AND KEY EMPLOYEES ARE REVIEWED BY THE PRESIDENT'S COUNCIL AND COMPARISONS ARE MADE TO OTHER COLLEGES' COMPARABLE POSITIONS USING CUPA'S ANNUAL SURVEY DATA ALSO LOCAL MARKETS ARE SURVEYED PERIODICALLY. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE AVAILABLE BY REQUEST AT THE FOLLOWING OFFICES: FINANCIAL SERVICES, PRESIDENT'S, OR DEVELOPMENT. CONFLICT OF INTEREST STATEMENTS ARE AVAILABLE AT THE FINANCIAL SERVICES OFFICE BY REQUEST. FORM 990 IS AVAILABLE BY REQUEST TO THE FINANCIAL SERVICES OFFICE OR CAN BE OBTAINED ONLINE AT GUIDESTAR.ORG. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED GAINS ON INVESTMENTS: 12,811,594. BOOK/TAX DIFFERENCE ON PARTNERSHIP INVESTMENTS -391,935. ADJUSTMENT OF ACTUARIAL LIABILITY FOR ANNUITIES PAYABLE -530,658. TOTAL TO FORM 990, PART XI, LINE 5: 11,889,001. FORM 990, PART XII, LINE 2B: THE ORGANIZATION'S FINANCIAL STATEMENTS WERE AUDITED BY AN INDEPENDENT ACCOUNTING FIRM ON A CONSOLIDATED BASIS. FORM 990, PART XII, LINE 2C: THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. SCHEDULE D, PARTS XI, XII, AND XIV: THE ORGANIZATION'S AMOUNTS PER THE RETURN HAVE BEEN RECONCILED TO THE CONSOLIDATING SCHEDULES OF THE CONSOLIDATED AUDITED FINANCIAL STATEMENTS. WMC CONFERENCE CENTER LLLP 2 COLLEGE HILL WESTIMINSTER MD 21157 521698697 HOTEL SERVICES MD N/A WMC DEVELOPMENT CORPORATION 2 COLLEGE HILL BOX 6A WESTMINSTER MD 21157 521434968 REAL ESTATE LAND LESSOR MD MCDANIEL COLLEGE INC C -125095 5345304 1.00000 BILLY MAC'S INC CO MCDANIEL COLLEGE 2 COLLEGE HILL BOX 6A WESTMINSTER MD 21157 521474409 EQUIPMENT LESSOR MD N/A C WMC DEVELOPMENT LAND HOLDING CORPORATION COLLEGE HILL WEST MAIN STREET WESTMINSTER MD 21157 320236158 LAND HOLDING COMPANY MD N/A C 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 WMC DEVELOPMENT CORPORATION A 363079 FMV