2012-03-30T13:45:21-05:00 2011-06-30 PARENTEBEARD LLC 1200 ATWATER DRIVE SUITE 225 MALVERN PA 19355 990 2010-07-01 240795460 MORAVIAN COLLEGE MORA 6108611300 1200 MAIN STREET BETHLEHEM PA 18018 MARK F REED 6108611300 2012-03-28 1 JULIUS GREEN 6106478100 2010 2016-02-24 21:20:13Z MARK F REED 1200 MAIN STREET BETHLEHEM PA 18018 81132032 0 X WWW.MORAVIAN.EDU X 1933 PA TO OPERATE AN INDEPENDENT, RESIDENTIAL AND COEDUCATIONAL LIBERAL ARTS COLLEGE AND THEOLOGICIAL SEMINARY AFFILIATED WITH THE MORAVIAN CHURCH IN AMERICA. MORAVIAN COLLEGE DELIVERS A VALUES-BASED LIBERAL ARTS EDUCATION IN A CARING ENVIRONMENT. LOCATED IN BETHLEHEM, PENNSYLVANIA, IT TRACES ITS FOUNDING TO 1742 AND IS RECOGNIZED AS AMERICA'S SIXTH-OLDEST COLLEGE. 58 50 1595 870 6133 -5942 8527050 12418743 56745253 58098041 -6609412 1836166 3952112 3892649 62615003 76245599 19425719 20305344 0 0 31030892 30507759 0 0 1315576 17425774 17505357 67882385 68318460 -5267382 7927139 176903863 200978191 36715666 40822379 140188197 160155812 X TO OPERATE AN INDEPENDENT, RESIDENTIAL AND COEDUCATIONAL LIBERAL ARTS COLLEGE AND THEOLOGICIAL SEMINARY AFFILIATED WITH THE MORAVIAN CHURCH IN AMERICA. MORAVIAN COLLEGE DELIVERS A VALUES-BASED LIBERAL ARTS EDUCATION IN A CARING ENVIRONMENT. LOCATED IN BETHLEHEM, PENNSYLVANIA, IT TRACES ITS FOUNDING TO 1742 AND IS RECOGNIZED AS AMERICA'S SIXTH-OLDEST COLLEGE. 0 0 50550861 20016243 51534949 LIBERAL ARTS COLLEGE - DURING THE YEAR ENDED JUNE 30, 2011, MORAVIAN COLLEGE OPERATED AN INDEPENDENT, RESIDENTIAL LIBERAL ARTS COLLEGE AFFILIATED WITH THE MORAVIAN CHURCH IN AMERICA. THE COLLEGE OFFERED UNDERGRADUATE AND GRADUATE PROGRAMS TO PREPARE MEN AND WOMEN FOR ADVANCED STUDY AND CONTINUOUS LEARNING, INDIVIDUAL ACHIEVEMENT, AND LEADERSHIP AND SERVICE FOR THE COMMON GOOD. MORAVIAN COLLEGE AND ITS THEOLOGICAL SEMINARY EDUCATED A DIVERSE GROUP OF STUDENTS FROM A GREAT VARIETY OF SOCIOECONOMIC, RELIGIOUS, RACIAL AND ETHNIC BACKGROUNDS, AND FROM APPROXIMATELY 21 STATES AND 10 FOREIGN COUNTRIES. DURING THE YEAR ENDED JUNE 30, 2011, THE COLLEGE HAD ENROLLMENT OF 1,508 FULL-TIME DAY STUDENTS CONSISTING OF 647 MEN AND 861 WOMEN PLUS 172 FULL-TIME EQUIVALENT STUDENTS IN ITS EVENING AND GRADUATE PROGRAMS.DURING THE YEAR ENDED JUNE 30, 2011, 1,548 COLLEGE STUDENTS RECEIVED GRANTS TOTALING $20,016,243. 7294901 9633975 AUXILIARY ENTERPRISES (EXPENSES EXCLUDING COST OF SALES) - MORAVIAN COLLEGE PROVIDES TEXTBOOKS, EDUCATIONAL MATERIALS AND SUPPLIES THROUGH ITS BOOKSTORE, PROVIDES LIVING ACCOMMODATIONS THROUGH ITS DORMITORIES AND PROVIDES NUTRITIOUS MEALS THROUGH ITS FOOD SERVICE TO THE STUDENTS LISTED IN PART III, LINE 4A. 1701937 289101 837517 THEOLOGICAL SEMINARY - MORAVIAN COLLEGE'S THEOLOGICAL SEMINARY, ROOTED IN THE MORAVIAN FAITH TRADITION, OFFERED GRADUATE DEGREES AND CONTINUING EDUCATION PROGRAMS TO PREPARE MEN AND WOMEN FOR EFFECTIVE LEADERSHIP AND SERVICE IN CONGREGATIONAL, COUNSELING, TEACHING, AND OTHER MINISTRIES. AVERAGE ENROLLMENT AT THE THEOLOGICAL SEMINARY WAS 52 FULL-TIME EQUIVALENT STUDENTS.DURING THE YEAR ENDED JUNE 30, 2011, 86 SEMINARY STUDENTS RECEIVED GRANTS TOTALING $289,101. 59547699 1 1 0 0 0 0 1 0 1 1 0 0 1 1 1 1 0 1 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 1 2934 0 1 1595 1 1 1 1 CJ BD 0 0 0 1 1 0 0 0 0 X 58 50 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 PA X KENNETH K KALAPAY 6108611539 1200 MAIN STREET BETHLEHEM PA 180186650 REV DR CHRISTOPHER M THOMFORDE 40.00 X X 239752 0 43573 REV DR FRANK L CROUCH 40.00 X X 80675 0 29356 DR KELLY DENTON-BORHAUG 40.00 X 47175 0 38287 DR ROBERT MAYER 40.00 X 80636 0 7639 MS BRITTANY BEARD 1.50 X 5347 0 0 MR COREY KOENIG 1.50 X 4175 0 0 THE REV DR DEBORAH APPLER 40.00 X 71718 0 15658 MS LAURA GORDON 1.50 X 850 0 0 MR CURTIS H BARNETTE 1.50 X 0 0 0 REV DAVID E BENNETT 1.50 X 0 0 0 MR DELIGHT E BREIDEGAM 1.50 X 0 0 0 MRS CONCETTA BURKE 1.50 X 0 0 0 THE RT REV DR WAYNE BURKETTE 1.50 X 0 0 0 THE REV DR DOUGLAS W CALDWELL 1.50 X 0 0 0 MR GREGORY CHRISTENSEN 1.50 X 0 0 0 MRS LYN TRODAHL CHYNOWETH 1.50 X 0 0 0 MR BRIAN J CORVINO 1.50 X 0 0 0 DR HARRY G DIMOPOULOS 1.50 X 0 0 0 MR MICHAEL M ELLIS 1.50 X 0 0 0 MRS GENEVIEVE GEE 1.50 X 0 0 0 MR WILTON GRANNUM 1.50 X 0 0 0 THE REV DAVID B GUTHRIE 1.50 X 0 0 0 MS CANDY BARR HEIMBACH 1.50 X 0 0 0 MRS PRISCILLA HURD 1.50 X 0 0 0 DR RICHARD T KINGSTON JR 1.50 X 0 0 0 MRS DEBORAH MCKINNON 1.50 X 0 0 0 MS SALLY BREIDEGAM MIKSIEWICZ 1.50 X 0 0 0 DR A KATHRINE MILLER 1.50 X 0 0 0 DR PARRY J MILLER 1.50 X 0 0 0 THE REV DR ELIZABETH D MILLER 1.50 X 0 0 0 MR CHRISTOPHER OHMACHT 1.50 X 0 0 0 MRS BETSEY PUTH 1.50 X 0 0 0 MR KENNETH RAMPOLLA 1.50 X 0 0 0 MR A REED RAYMOND 1.50 X 0 0 0 MR FREDERICK A REINHARD 1.50 X 0 0 0 MS LISA M ROTH 1.50 X 0 0 0 MR ROBERT J SCHOENEN 1.50 X 0 0 0 MR PAUL G SITTENFELD 1.50 X 0 0 0 DR HONNIE P SPENCER 1.50 X 0 0 0 DR SUSAN M STUDDS 1.50 X 0 0 0 MRS NANCY A TAYLOR 1.50 X 0 0 0 MR MARTIN L TRICHON 1.50 X 0 0 0 MR WALTER F WILLIAMS 1.50 X 0 0 0 MR STEPHEN BLACK 1.50 X 0 0 0 MR BRUCE BOWEN 1.50 X 0 0 0 THE REV BRIAN R DIXON 1.50 X 0 0 0 THE REV DR EILEEN EDWARDS 1.50 X 0 0 0 THE REV DR AMY GOHDES-LUHMAN 1.50 X 0 0 0 MRS MARTY STOCKTON HANCOCK 1.50 X 0 0 0 THE REV JANE A HARBERG 1.50 X 0 0 0 MR J ROBERT HESS 1.50 X 0 0 0 REV JAMES T HICKS 1.50 X 0 0 0 MS WILMA A LEWIS 1.50 X 0 0 0 MR DAVID LOBACH 1.50 X 0 0 0 DR YVONNE T MADDOX 1.50 X 0 0 0 THE REV JAMI L POSSINGER 1.50 X 0 0 0 THE REV DR NEIL ROUTH 1.50 X 0 0 0 THE REV DR CRAIG TROUTMAN 1.50 X 0 0 0 MRS LAURA TURNER 1.50 X 0 0 0 MRS HEATHER H VACEK 1.50 X 0 0 0 THE REV DR JANICE M YOUNG 1.50 X 0 0 0 THE REV DR SAMUEL ZEISER 1.50 X 0 0 0 BERNARD J STORY 40.00 X 102825 0 45369 GORDON WEIL 40.00 X 136269 0 22610 GARY A CARNEY 40.00 X 27744 0 5604 DENNIS A DOMCHEK 40.00 X 130789 0 23090 BEVERLY J KOCHARD 40.00 X 101823 0 22147 ANNE M REID 32.50 X 73618 0 29895 PETER A CAPUTO 40.00 X 76274 0 8461 JOHN R DILENDIK 40.00 X 111702 0 78536 MARK F REED 40.00 X 105441 0 11137 JAMES P WEST 40.00 X 109851 0 18979 1506664 0 400341 8 0 1 0 ST LUKE'S HOSPITAL SCHOOL OF NURSING 801 OSTRUM STREET BETHLEHEM PA 18015 PROFESSIONAL EDUCATION SVCS 943181 SODEXO INC & AFFILIATES 4880 PAYSPHERE CIRCLE CHICAGO IL 60674 FOOD SERVICE MANAGEMENT 253605 EINHORN YAFFE PRESCOTT ARCHITECTURE PO BOX 617 ALBANY NY 12201 ARCHITECTURAL SERVICES 209651 REESE LOWER PATRICK & SCOTT LTD 1910 HARRINGTON DRIVE LANCASTER PA 17601 ARCHITECTURAL SERVICES 126986 BRICKMAN GROUP LTD 3630 SOLUTIONS CENTER CHICAGO IL 60677 GROUNDS MANAGEMENT 113446 7 41146 798121 11579476 315036 12418743 TUITION AND FEES 611310 52071207 52071207 DORMITORY FEES & RENTA 611310 5877767 5877767 FEDERAL ADMIN REIMBURS 611310 58714 58714 MISC EDUCATION FEES 611310 50583 50583 ATHLETIC RECEIPTS 611310 27695 27695 12075 12075 58098041 2133176 2133176 2098096 2306774 88332 -208678 -88332 -297010 -297010 11918 41146 21727 -9809 -9809 6225808 2469600 3756208 3756208 STUDENT FEES & FINES 611310 139423 139423 MISCELLANEOUS 611310 12769 12769 PASSTHROUGH ENTITY INC 900000 -5942 -5942 146250 76245599 61994366 6133 1826357 20305344 20305344 1528507 734475 637441 156591 22613061 19214984 2622057 776020 1610718 1359206 195141 56371 3185024 2634489 440535 110000 1570449 1283673 226153 60623 467625 467625 52645 52645 68358 68358 235521 235521 64687 24069 39023 1595 155760 117045 38715 1433920 1058011 284411 91498 968823 191123 777700 3512592 3025010 487582 856196 794601 40918 20677 1456407 1261683 194724 3593478 3197948 395530 164720 127727 36993 STUDENT GOVERNMENT 395645 395645 FOOD SERVICE 374226 374226 ATHLETICS PROGRAM COSTS 306891 306891 GROUNDS MAINTENANCE 263770 263770 UBI TAXES 11500 11500 3122593 2410154 670238 42201 68318460 59547699 7455185 1315576 10796 10552 16921018 23479531 4150130 4410459 762987 683894 3089504 1000000 296595 277115 2333601 3129476 132668367 60860593 71444196 71807774 66392243 81286623 2129569 11502793 12763198 176903863 200978191 3824478 3972006 1276493 1425404 27520000 31473167 4094695 3951802 36715666 40822379 X 72532881 76114980 20420039 27844196 47235277 56196636 140188197 160155812 176903863 200978191 X 7927139 12040476 X 0 1 1 X 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 2000 2898708 X X X 0 67204747 8179246 12738786 3805181 247021 84070577 63031771 3524590 5196494 4366563 181545 67204747 81853433 3379894 -17989319 4212238 63031770 0.19000 0.81000 1 0 4966179 4966179 82611403 33165780 49445623 22294641 18454568 3840073 22796144 9240245 13555899 71807774 LAND HELD FOR INVESTMENT 2224168 INVESTMENT INCOME RECEIVABLE 230825 DEPOSITS WITH TRUSTEE UNDER DEBT AGREEMENT 5470443 SPLIT-INTEREST AGREEMENTS 4837762 12763198 ANNUITIES PAYABLE 1374653 POSTRETIREMENT BENEFIT OBLIGATION 514573 REFUNDABLE FEDERAL GRANTS AND LOAN FUNDS 1141676 OTHER LIABILITIES 717543 CAPITAL LEASE OBLIGATIONS 203357 3951802 76245599 68318460 7927139 11601201 439275 12040476 19967615 70225037 11601201 -20119032 -8517831 78742868 -2497269 -2497269 76245599 50257422 2491327 2491327 47766095 235521 20316844 20552365 68318460 PART III, LINE 4: THE PERMANENT COLLECTION IS OF ART WORKS IN VARYING MEDIA (PAINTING, PRINTS, SCULPTURE, DIGITAL, ETC.). THE COLLECTION OF THE COLLEGE, AS WELL AS OTHER TRAVELING EXHIBITIONS, ARE DISPLAYED IN THE PAYNE GALLERY OF THE COLLEGE. THE PAYNE GALLERY PROMOTES THE POWER OF THE ARTS TO INSPIRE AND EDUCATE PEOPLE AND ENRICH THEIR LIVES. TO THIS PURPOSE THE GALLERY BUILDS AND MAINTAINS EXEMPLARY ART COLLECTIONS AND PRODUCES A WIDE VARIETY OF CHALLENGING, INNOVATIVE EXHIBITIONS AND STIMULATING EDUCATIONAL PROGRAMS. AS AN INTEGRAL PART OF THE COLLEGE, THE GALLERY ADVANCES TEACHING AND LEARNING, AND IS ACTUALLY CONCEIVED AS AN EXTENSION OF THE UNDERGRADUATE'S EDUCATION IN ART BY EXPOSING THE STUDENTS TO STYLES AND TECHNIQUES WHICH THEY DO NOT LEARN IN THE CLASSROOM. IN ADDITION, THE GALLERY SERVES AS A CATALYST FOR CREATIVE ENGAGEMENT BETWEEN THE COLLEGE AND DIVERSE LOCAL, STATE, AND NATIONAL AUDIENCES. DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: THE COLLEGE'S ENDOWMENT CONSISTS OF 470 INDIVIDUAL FUNDS ESTABLISHED FOR A VARIETY OF PURPOSES INCLUDING, BUT NOT LIMITED TO, SCHOLARSHIPS, ACADEMIC CHAIRS, FACILITIES MAINTENANCE, LECTURESHIPS, AND LIBRARY, PROGRAM, AND GENERAL BUDGET SUPPORT. IT INCLUDES BOTH DONOR-RESTRICTED ENDOWMENT FUNDS AND FUNDS DESIGNATED BY THE BOARD OF TRUSTEES TO FUNCTION AS ENDOWMENTS. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: THE COLLEGE ACCOUNTS FOR UNCERTAINTIES IN INCOME TAXES IN ACCORDANCE WITH AUTHORITATIVE GUIDANCE, WHICH 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. PART XI, LINE 8 - OTHER ADJUSTMENTS: CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS 433,333. INVESTMENT LOSS FROM PARTNERSHIPS NOT BOOKED 5,942. PART XII, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS 433,333. STUDENT GRANTS -20,305,344. INVESTMENT MANAGEMENT FEES EXPENSE -235,521. UNRELATED BUSINESS INCOME TAX EXPENSE -11,500. PART XII, LINE 4B - OTHER ADJUSTMENTS: COST OF GOODS SOLD EXPENSES -2,469,600. SPECIAL FUNDRAISING EVENTS EXPENSES -21,727. INVESTMENT LOSS FROM PARTNERSHIPS NOT BOOKED -5,942. PART XIII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD EXPENSES 2,469,600. SPECIAL FUNDRAISING EVENTS EXPENSES 21,727. PART XIII, LINE 4B - OTHER ADJUSTMENTS: STUDENT GRANTS 20,305,344. UNRELATED BUSINESS INCOME TAX EXPENSE 11,500. 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 PROSPECTUS, WHICH LISTS MORAVIAN COLLEGE'S NONDISCRIMINATORY POLICY IN DETAIL, IS GIVEN TO EVERY PROSPECTIVE STUDENT WHO INQUIRES ABOUT ADMISSION. EXPLANATION OF GOVERNMENT FINANCIAL ASSISTANCE SCHEDULE E, PART I, LINE 6 THE COLLEGE HAS BONDED INDEBTEDNESS FROM FEDERAL AGENCIES FOR TWO DORMITORIES. THE COLLEGE ALSO RECEIVES NATIONAL SCIENCE FOUNDATION GRANTS, NATIONAL ENDOWMENT FOR THE HUMANITIES GRANTS AND A NATIONAL PARK SERVICE GRANT. STUDENTS ATTENDING THE COLLEGE PARTICIPATE IN FEDERAL FAMILY EDUCATION LOAN, DIRECT STUDENT LOAN, PERKINS LOAN, PELL GRANT, SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANT, FEDERAL WORK STUDY PROGRAMS, THE ACADEMIC COMPETITIVENESS GRANT AND THE NATIONAL SMART GRANT. MORAVIAN GOLF CLASSIC 53064 41146 11918 1311 13200 7216 53064 41146 11918 1311 13200 7216 21727 -9809 1 SCHOLARSHIPS & GRANTS FOR VARIOUS STUDENTS 1634 20305344 PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, PART I, LINE 2: MORAVIAN COLLEGE FOLLOWS STATE AND FEDERAL REGULATION IN ADMINISTERING SCHOLARSHIP AND GRANTS AS WELL AS INSTITUTIONAL POLICY WHEN ADMINISTERING COLLEGE FUNDS. MORAVIAN FOLLOWS FEDERAL METHODOLOGY TO DETERMINE FINANCIAL NEED FOR AWARDING FEDERAL FUNDS AND INSTITUTIONAL METHODOLOGY IN AWARDING NEED-BASED INSTITUTIONAL FUNDS. ALL STUDENTS APPLYING FOR FINANCIAL AID FOLLOW AN ANNUAL APPLICATION PROCESS COMPLETING THE FREE APPLICATION FOR FEDERAL STUDENT AID (FAFSA) AND AN INSTITUTIONAL APPLICATION. FILES ARE REVIEWED FOR CONFLICTING INFORMATION AND TO COMPLETE REQUIRED VERIFICATION OF APPLICATION DATA. MORAVIAN CREDITS ALL FINANCIAL AID AWARDS DIRECTLY TO STUDENTS' RECEIVABLE ACCOUNT OFFSETTING CHARGES FOR TUITION AND FEES. CHANGES IN STUDENT ENROLLMENT STATUS ARE REVIEWED TO ENSURE THAT STUDENTS REMAIN ELIGIBLE FOR FINANCIAL AID AND AWARDS ARE ADJUSTED AS NECESSARY. ANY REFUNDS FROM STUDENT ACCOUNTS ARE DONE IN COMPLIANCE WITH STATE AND FEDERAL REGULATIONS. X X X 1 1 X X X X X 0 0 0 0 0 0 0 0 0 REV DR CHRISTOPHER M THOMFORDE 236680 0 0 0 3072 0 24000 0 19573 0 283325 0 0 0 GORDON WEIL 135254 0 0 0 1015 0 13627 0 8983 0 158879 0 0 0 DENNIS A DOMCHEK 129740 0 0 0 1049 0 13171 0 9919 0 153879 0 0 0 JOHN R DILENDIK 111211 0 0 0 491 0 9007 0 69529 0 190238 0 0 0 PART I, LINE 1A MORAVIAN PROVIDES HOUSING, WHICH IS LEASED BY THE COLLEGE, TO THE PRESIDENT OF THE COLLEGE. THE HOUSE IS ADJACENT TO THE CAMPUS, AND THE COLLEGE REQUIRES, AS A CONDITION OF EMPLOYMENT, THAT THE PRESIDENT RESIDE THERE. ACCORDINGLY, THIS IS NOT TAXABLE INCOME. COLLEGE OWNED HOUSING IS ALSO PROVIDED TO THE ACADEMIC DEAN OF THE COLLEGE. THIS HOUSE IS ON CAMPUS AND IS PROVIDED TO THE ACADEMIC DEAN AS A CONDITION OF EMPLOYMENT. ACCORDINGLY, IT IS NOT TAXABLE INCOME. ALSO, THE COLLEGE MAINTAINS A SOCIAL CLUB MEMBERSHIP IN THE NAME OF THE PRESIDENT. THE SOCIAL CLUB IS USED BY THE PRESIDENT FOR BUSINESS USE ONLY. THE COLLEGE PROVIDES LIMITED HOUSEKEEPING SERVICES FOR THE PRESIDENT AND ACADEMIC DEAN RELATIVE TO COLLEGE FUNCTIONS. ACCORDINGLY, THE SOCIAL CLUB MEMBERSHIP AND LIMITED HOUSEKEEPING SERVICES ARE NOT INCLUDED IN TAXABLE INCOME. PART I, LINE 1B THESE ITEMS ARE CONTEMPLATED IN AN EMPLOYMENT CONTRACT INSTEAD OF THROUGH COLLEGE POLICY. IN THE CASE OF THE PRESIDENT, OUTSIDE COUNSEL REVIEWED THE EMPLOYMENT CONTRACT AND THE BOARD OF TRUSTEES APPROVED IT. IN THE CASE OF THE ACADEMIC DEAN, OUTSIDE COUNSEL REVIEWED THE EMPLOYMENT CONTRACT AND THE PRESIDENT APPROVED IT. PENNSYLVANIA HIGHER EDUCATION FACILITIES AUTHORITY 232243852 70917N6U3 2005-06-16 4632313 REFUNDING OF CALLABLE 1994 TAX-EMEMPT BONDS 0 0 0 NORTHAMPTON COUNTY INDUSTRIAL DEVELOPMENT AUTHORITY 231971754 2011-05-19 5000000 RENOVATIONS TO EXISTING CAMPUS FACILITIES/CONSTRUCTION OF NEW FITNESS CTR 0 0 0 4632313 11675 4494500 55694 70444 2005 1 0 1 1 5000000 62545 4937455 2012 0 0 1 1 0 0 0 0 0.00000 0.00000 0.00000 1 0 0 0 0 0 0 0 0 0 0 0 0 25709 FINANCIAL AID X 17 FAIR MARKET VALUE X 9 66058 FAIR MARKET VALUE X 1 235000 FAIR MARKET VALUE X TRAVEL 3 3497 FAIR MARKET VALUE X PRINTING 1 5264 FAIR MARKET VALUE X EQUIPMENT 2 5200 FAIR MARKET VALUE 1 0 1 0 METHOD FOR DETERMINING NUMBER OF CONTRIBUTORS: PART I, COLUMN (B): THE NUMBER OF CONTRIBUTORS REPORTED IS BASED ON THE NUMBER OF INDIVIDUAL DONORS WHO PROVIDED CONTRIBUTIONS OTHER THAN CASH FOR EACH TYPE OF PROPERTY. FORM 990, PART VI, SECTION A, LINE 2 SALLY BREIDEGAM MIKSIEWICZ (COLLEGE TRUSTEE) AND DELIGHT E. BREIDEGAM (COLLEGE TRUSTEE) HAVE A FAMILY RELATIONSHIP. MICHAEL ELLIS (COLLEGE TRUSTEE), ANNE REID (COLLEGE TREASURER), AND DR. RICHARD KINGSTON, JR. (COLLEGE TRUSTEE) HAVE A BUSINESS RELATIONSHIP. FORM 990, PART VI, SECTION B, LINE 11 PURPOSE: THE PURPOSE OF THIS POLICY IS TO ESTABLISH A PROCESS FOR APPROPRIATE REVIEW OF THE FEDERAL FORM 990, PRIOR TO ITS FILING. POLICY: MORAVIAN COLLEGE AND THEOLOGICAL SEMINARY ("INSTITUTION") RECOGNIZE THAT THE GOVERNANCE ROLE OF ITS RESPECTIVE BOARDS OF TRUSTEES INCLUDES THE ANNUAL REVIEW OF THE FORM 990. ACCORDINGLY, THE INSTITUTION REQUIRES REVIEW OF THE FORM 990 BY THE BOARDS PRIOR TO ITS FILING ON AN ANNUAL BASIS. THE REVIEW PROCESS INCLUDES THE OPPORTUNITY FOR BOARD MEMBERS TO PROVIDE FEEDBACK AND REQUIRES DOCUMENTED RESPONSES FROM MANAGEMENT THAT ADDRESS BOARD MEMBER QUESTIONS AND CONCERNS. THE PROCESS, AS OUTLINED BELOW, MUST BE COMPLETED NO LATER THAN THE 15TH DAY OF THE ELEVENTH MONTH FOLLOWING THE FISCAL YEAR ENDING PERIOD (ASSUMING ALL EXTENSIONS HAVE BEEN TIMELY FILED). WITH EXTENSIONS FILED, FOR A JUNE 30TH FISCAL YEAR END, THE PROCESS MUST BE COMPLETED AND THE 990 MUST BE FILED NO LATER THAN MAY 15TH OF THE FOLLOWING YEAR. A BOARD RESOLUTION IS NOT REQUIRED IN ORDER FOR THE FORM 990 TO BE FILED. PROCESS: 1. MANAGEMENT SHALL ENGAGE A QUALIFIED CPA FIRM WITH APPROPRIATE TAX FILING EXPERIENCE FOR NOT FOR PROFIT ORGANIZATIONS ("PREPARER"). EXPERIENCE OF THE PREPARER SHALL INCLUDE, BUT NOT BE LIMITED TO, FILING OF THE FEDERAL FORM 990. 2. MANAGEMENT SHALL BE RESPONSIBLE FOR ASSEMBLING AND FORWARDING TO THE PREPARER ALL REQUIRED INFORMATION NECESSARY FOR THE PREPARATION OF THE INITIAL DRAFT ("INITIAL DRAFT") OF THE 990. 3. INITIAL DRAFT SHALL BE REVIEWED BY MANAGEMENT FOR ACCURACY. ACCURACY OF THE INITIAL DRAFT SHALL BE VERIFIED BY MANAGEMENT THROUGH: - ENSURING THE ACCURACY OF THE CONTENT PROVIDED TO THE PREPARER - ENSURING THAT THE CONTENT PRESENTED TO THE PREPARER IS PROPERLY REFLECTED IN THE INITIAL DRAFT 4. ANY CHANGES BY MANAGEMENT TO THE INITIAL DRAFT SHALL BE SUBMITTED TO THE PREPARER, CHANGES SHALL BE INCORPORATED WHERE APPROPRIATE, AND PREPARER SHALL DELIVER TO MANAGEMENT A REVISED DRAFT ("REVISED DRAFT") OF THE 990. 5. MANAGEMENT SHALL ENSURE THAT CHANGES TO THE INITIAL DRAFT ARE PROPERLY REFLECTED IN THE REVISED DRAFT AND THAT THE REVISED DRAFT, WITH THE ACCURACY OF THE CONTENT NOW VERIFIED BY MANAGEMENT, IS SUITABLE FOR THE BOARD TO DO A PROPER REVIEW. 6. IN A TIMEFRAME SUFFICIENTLY IN ADVANCE OF THE DUE DATE, MANAGEMENT WILL MAKE THE REVISED DRAFT AVAILABLE FOR REVIEW TO ALL MEMBERS OF THE AUDIT COMMITTEE. MANAGEMENT WILL MAKE THE 990 AVAILABLE TO THE COMMITTEE MEMBERS VIA A SECURE TRUSTEE WEBSITE. 7. WHEN THE COMMITTEE MEMBERS HAVE HAD AN OPPORTUNITY TO SUFFICIENTLY REVIEW THE 990, THE AUDIT COMMITTEE SHALL MEET WITH MANAGEMENT (IN PERSON OR VIA TELECONFERENCE) TO DISCUSS CONTENT OF REVISED DRAFT AND PRESENT ANY RECOMMENDED CHANGES. RECOMMENDED CHANGES WILL BE PRESENTED TO PREPARER AND INCORPORATED INTO THE RETURN AS APPROPRIATE, AND PREPARER SHALL DELIVER TO MANAGEMENT A FINAL DRAFT ("FINAL DRAFT") OF THE RETURN. ANY QUESTIONS OR RECOMMENDED CHANGES BY THE AUDIT COMMITTEE SHALL BE DOCUMENTED ALONG WITH MANAGEMENT RESPONSES ("FEEDBACK"). 8. THE AUDIT COMMITTEE SHALL MAKE THE FINAL DRAFT AND FEEDBACK AVAILABLE FOR REVIEW TO ALL MEMBERS OF THE BOARDS OF THE COLLEGE AND SEMINARY. THE FINAL DRAFT WILL BE MADE AVAILABLE TO THE BOARD MEMBERS VIA A SECURE TRUSTEE WEBSITE. BOARD MEMBERS SHALL BE NOTIFIED OF THE FILING DATE AT THE TIME THE FINAL DRAFT IS POSTED TO THE TRUSTEE WEBSITE. COMMENTS FROM BOARD MEMBERS MUST BE FORWARDED TO MANAGEMENT NO LESS THAN 7 DAYS PRIOR TO THE FILING DATE. RECOMMENDED CHANGES WILL BE PRESENTED TO PREPARER AND INCORPORATED INTO THE RETURN AS APPROPRIATE, AND PREPARER SHALL DELIVER TO MANAGEMENT A FINAL RETURN ("FINAL RETURN"). CHANGES AND COMMENTS WILL BE DOCUMENTED AND POSTED TO THE TRUSTEE WEBSITE. 9. UPON FILING WITH THE IRS, THE FINAL RETURN AND ALL BOARD CHANGES AND COMMENTS SHALL BE POSTED TO THE TRUSTEE WEBSITE. FORM 990, PART VI, SECTION B, LINE 12C ALL MEMBERS OF THE COLLEGE COMMUNITY (FACULTY, STAFF, OFFICERS AND DIRECTORS) ARE REQUIRED TO COMPLETE AND SIGN A CONFLICT OF INTEREST DISCLOSURE STATEMENT UPON ASSOCIATION WITH THE COLLEGE. IN ADDITION, MORAVIAN COLLEGE OFFICERS AND OTHER PERSONS WITH SUBSTANTIAL INFLUENCE ARE REQUIRED TO COMPLETE AND SIGN A CONFLICT OF INTEREST DISCLOSURE STATEMENT ANNUALLY. ALL CONFLICT OF INTEREST FORMS FOR FACULTY, STAFF AND OFFICERS ARE RECEIVED AND REVIEWED BY THE OFFICE OF HUMAN RESOURCES. THE CHIEF HUMAN RESOURCE OFFICER ASSESSES WHETHER ACTION OR MONITORING IS REQUIRED, SOLICITING THE OPINION OF THE VICE PRESIDENT FOR FINANCE AND ADMINISTRATION IF NECESSARY. ALL CONFLICTS THAT ARE DISCLOSED ARE REVIEWED BY THE AUDIT COMMITTEE AT LEAST ANNUALLY. CONFLICT OF INTEREST FORMS FOR TRUSTEES ARE SUBMITTED TO, AND REVIEWED BY, THE OFFICE OF THE PRESIDENT. FORM 990, PART VI, SECTION B, LINE 15 EXECUTIVE COMPENSATION CHARTER AND COMPENSATION PHILOSOPHY PURPOSE: AS DELEGATED REPRESENTATIVES OF THE JOINT EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES OF MORAVIAN COLLEGE AND MORAVIAN THEOLOGICAL SEMINARY, THE EXECUTIVE COMPENSATION SUB-COMMITTEE ("COMMITTEE") HAS THE POWER, DUTY AND RESPONSIBILITY TO DETERMINE THE INSTITUTION'S EXECUTIVE COMPENSATION PHILOSOPHY AND TO ESTABLISH SUCH GUIDELINES, RULES AND PROCEDURES AS NECESSARY FOR THE PROPER AND EFFICIENT ADMINISTRATION OF THE EXECUTIVE COMPENSATION PROGRAM ("ECP"). FURTHER, THE COMMITTEE ACKNOWLEDGES ITS RESPONSIBILITY TO ENSURE THAT THE PROGRAM IS APPROPRIATE IN VIEW OF ITS MISSION, AND TAX-EXEMPT STATUS, AND THAT ITS COMPENSATION AND BENEFITS ARE REASONABLE AND NOT EXCESSIVE. TO THAT END, THE COMMITTEE SHALL REVIEW AND APPROVE ALL FORMS OF EXECUTIVE COMPENSATION AND BENEFITS IN A MANNER NECESSARY TO QUALIFY FOR THE "REBUTTABLE PRESUMPTION OF REASONABLENESS" UNDER THE INTERMEDIATE SANCTIONS RULES OF SECTION 4958 OF THE INTERNAL REVENUE CODE. MEMBERSHIP: THE COMMITTEE SHALL BE COMPRISED OF EIGHT (8) MEMBERS APPOINTED BY THE CHAIR OF THE JOINT BOARD. ALL 8 MEMBERS SHALL ALL BE MEMBERS OF THE JOINT EXECUTIVE COMMITTEE. THE CHAIRMAN OF THE COMMITTEE SHALL BE THE CHAIR OF THE COLLEGE'S FINANCE COMMITTEE. THE OTHER MEMBERS SHALL BE: 1. THE CHAIRMAN OF THE BOARD OF THE COLLEGE; THE CHAIRMAN OF THE BOARD OF THE SEMINARY; THE VICE CHAIRMAN OF THE BOARD OF THE COLLEGE; THE VICE CHAIRMAN OF THE SEMINARY BOARD; THE CHAIR OF THE FINANCE COMMITTEE OF THE SEMINARY; THE CHAIR OF THE COMMITTEE ON INVESTMENTS; AND THE CHAIR OF THE ACADEMIC COMMITTEE OF THE COLLEGE. 2. THE PRESIDENT ATTENDS ALL MEETINGS (EXCEPT WHEN THE COMMITTEE MEETS IN EXECUTIVE SESSION) AS A NON-VOTING MEMBER. EXECUTIVES: THE COMMITTEE WILL DETERMINE THE COMPENSATION OF THE PRESIDENT OF THE COLLEGE. THE EXECUTIVES WHOSE COMPENSATION WILL BE APPROVED BY THE COMMITTEE CURRENTLY CONSIST OF THE 6 ADDITIONAL INDIVIDUALS IN THE FOLLOWING POSITIONS: - THE VICE PRESIDENT OF FINANCE AND ADMINISTRATION; THE VP OF ACADEMIC AFFAIRS AND DEAN OF THE FACULTY; THE VP OF ENROLLMENT; THE VP OF STUDENT AFFAIRS AND DEAN OF STUDENTS; THE VP OF INSTITUTIONAL ADVANCEMENT; THE VP AND DEAN OF THE SEMINARY. FROM TIME TO TIME THE COMMITTEE IN ITS DISCRETION MAY AMEND THIS LIST TO ADD/SUBTRACT INDIVIDUALS AS DETERMINED BY NEW RECRUITMENTS, PROMOTIONS, REALIGNMENT IN ORGANIZATIONAL STRUCTURE AND THE LIKE. COMPENSATION PHILOSOPHY: THE COMMITTEE IS CHARGED WITH THE RESPONSIBILITY TO ESTABLISH AND MAINTAIN A COMPENSATION PACKAGE THAT WILL ENABLE THE INSTITUTION TO ATTRACT, RETAIN, MOTIVATE AND REWARD THE MANAGEMENT TEAM LEADERSHIP NEEDED TO SUCCESSFULLY ACCOMPLISH THE INSTITUTION'S MISSION AND STRATEGIC AND OPERATIONAL GOALS. THE FOLLOWING WILL PROVIDE THE NECESSARY GUIDELINES TO ACCOMPLISH THIS OBJECTIVE: - A TOTAL COMPENSATION CONCEPT WILL BE USED EMPLOYING A COMBINATION OF BASE SALARY, BENEFITS, DEFERRED COMPENSATION AND OTHER PERQUISITES AS MAY BE NEEDED FROM TIME TO TIME TO MAINTAIN A COMPETITIVE POSITION WITH PEER INSTITUTIONS. THE COMMITTEE ALSO HAS THE AUTHORITY TO IMPLEMENT OTHER METHODS OF COMPENSATION, E.G. VARIABLE PAY, AS MAY BE NECESSARY FROM TIME TO TIME IN ORDER TO ATTRACT AND RETAIN QUALIFIED EXECUTIVES. - BASE SALARY WILL BE TARGETED AS A MINIMUM AT THE 50TH PERCENTILE OF SIMILAR POSITIONS FOR EXPERIENCED PROFESSIONALS AS REPORTED ANNUALLY BY CUPA HR (COLLEGE AND UNIVERSITY PROFESSIONAL ASSOCIATION FOR HUMAN RESOURCES) FOR BACCALAUREATE INSTITUTIONS. WAGE LEVELS FOR THE SPECIFIC EXECUTIVES LISTED PREVIOUSLY SHALL BE ESTABLISHED AND MAINTAINED BASED UPON GENERAL EXPERIENCE, SPECIFIC PERFORMANCE, AND OVERALL CONTRIBUTION TO THE SUCCESS OF THE INSTITUTION. ANNUAL REVIEWS WILL TAKE PLACE PRIOR TO JULY 1 EACH YEAR. - THE OVERALL GOAL SHALL BE TO MAINTAIN EQUITY AND FAIRNESS IN COMPENSATION DEMONSTRATED THROUGH COMPARABILITY WITH PEERS AND THROUGH THE CONSISTENT APPLICATION OF PRINCIPLES. - DEFERRED COMPENSATION AND PERQUISITE OPPORTUNITIES MAY BE DEVELOPED TO OPTIMIZE WHATEVER TAX DEFERRAL OPPORTUNITIES EXIST WITHIN THE TAX CODE AND TO BE COMPETITIVE WITH PEER INSTITUTIONS. - THIS PHILOSOPHY SHALL APPLY IN NEARLY ALL CASES, EXCEPT IN THOSE VERY RARE CIRCUMSTANCES WHEN IT IS NECESSARY TO RECRUIT AND RETAIN HIGHLY MARKET SENSITIVE POSITIONS. SUCH EXCEPTIONS WILL BE CAREFULLY DOCUMENTED. COMMITTEE RESPONSIBILITIES: THE COMMITTEE HAS THE RESPONSIBILITY TO: - SET THE EXECUTIVE COMPENSATION PHILOSOPHY AND OBTAIN APPROVAL FROM THE BOARD OF TRUSTEES. - IMPLEMENT A PROCESS FOR EVALUATION OF THE PRESIDENT AND HIS/HER SENIOR STAFF. - THE PRESIDENT'S EVALUATION SHALL BE CARRIED OUT BY THE CHAIR OF THE JOINT BOARD AND BROUGHT TO THE ATTENTION OF THE COMMITTEE. - THE PRESIDENT'S EVALUATION SHALL INCLUDE CONSIDERATIONS OF CURRENT YEAR PERFORMANCE REVIEW, 360 REVIEWS FROM THE PRESIDENT'S SENIOR STAFF, AND INPUT FROM EVERY BOARD MEMBER (OPTIONAL) VIA A STANDARD PERFORMANCE EVALUATION FORM. - THE PRESIDENT SHALL SUBMIT HIS/HER CURRENT YEAR PERFORMANCE EVALUATION OF EACH ONE OF THE SENIOR STAFF TO THE COMMITTEE. THIS EVALUATION SHALL BE BASED ON REGULAR ANNUAL PERFORMANCE REVIEW, 360 REVIEWS AND INPUT FROM EACH COMMITTEE CHAIR OF THE TWO BOARD(S) WHO ANNUALLY SHALL SUBMIT TO THE PRESIDENT AN EVALUATION OF THE SENIOR STAFF MEMBER WHO SUPPORTS THAT COMMITTEE. - THE PRESIDENT WILL RECOMMEND SALARY ADJUSTMENTS FOR HIS SENIOR STAFF TO THE COMMITTEE FOR REVIEW AND APPROVAL. - SET, MONITOR AND REVIEW THE COMPENSATION OF THE PRESIDENT. - APPROVE THE PRESIDENT'S COMPENSATION RECOMMENDATIONS OF THE MEMBERS OF HIS/HER SENIOR LEADERSHIP TEAM. - ENSURE THAT SAID COMPENSATION IS REASONABLE AND WITHIN THE BOUNDS OF IRS CODE 4958 (INTERMEDIATE SANCTIONS). IN REACHING THIS JUDGMENT THE COMMITTEE SEEKS OUT EXPERT OPINION, MARKET ANALYSIS AND MAY RETAIN AN INDEPENDENT CONSULTANT FOR THIS PURPOSE. - ESTABLISH, MONITOR AND DETERMINE ACCOMPLISHMENT OF PAY AWARD GOALS FOR THE PRESIDENT. - APPROVE ACCOMPLISHMENT OF PAY AWARD GOALS FOR OTHER EXECUTIVES, AS APPLICABLE. - RESOLVE AND DETERMINE ALL DISPUTES OR QUESTIONS ARISING UNDER THE PROGRAM, INCLUDING THE POWER TO DETERMINE THE RIGHTS OF EXECUTIVES AND TO REMEDY ANY AMBIGUITIES, INCONSISTENCIES OR OMISSIONS. - AMEND OR RESTRUCTURE THE PROGRAM AT ANY TIME AND FOR ANY REASON. - INFORM THE BOARD OF TRUSTEES AND THE JOINT EXECUTIVE COMMITTEE AS APPROPRIATE. - ASSURE COMPLIANCE WITH IRS REGULATIONS INCLUDING APPROVAL OF THE TOP FIVE (5) PAID POSITIONS. FORM 990, PART VI, SECTION C, LINE 19 FINANCIAL STATEMENTS ARE AVAILABLE ON THE COLLEGE WEBSITE. GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICIES ARE MADE AVAILABLE UPON REQUEST. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED GAINS ON INVESTMENTS: 11,601,201. CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS 433,333. INVESTMENT LOSS FROM PARTNERSHIPS NOT BOOKED 5,942. TOTAL TO FORM 990, PART XI, LINE 5: 12,040,476.