2012-03-07T08:48:27-06:00 2011-06-30 SCHNEIDER DOWNS & CO INC 1133 PENN AVENUE PITTSBURGH PA 15222 990 2010-07-01 250965601 WASHINGTON & JEFFERSON COLLEGE WASH 7242236009 60 S LINCOLN STREET WASHINGTON PA 15301 MR DENNIS MCMASTER 7242236009 2012-03-06 1 SUSAN M KIRSCH 4122613644 2010 2016-02-24 21:20:13Z DR TORI HARING-SMITH 60 S LINCOLN STREET WASHINGTON PA 15301 101522413 0 X WWW.WASHJEFF.EDU X 1781 PA PROMOTE EDUCATION, THE DEVELOPMENT OF SKILLS, KNOWLEDGE, AND PERSONAL QUALITIES. 41 40 1269 443 55861 10126 7904456 18296493 63519052 64590123 526519 4015925 339751 210122 72289778 87112663 19705209 21520252 0 0 23169873 23078675 0 62169 2268718 26823887 27452234 69698969 72113330 2590809 14999333 254285296 276393865 77185177 74230701 177100119 202163164 TO GRADUATE MEN AND WOMEN 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 64534654 21520252 64546088 FOUNDED IN 1781, W&J 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. 93% OF STUDENTS WHO APPLY TO LAW SCHOOLS, AND 86% WHO APPLY TO PROFESSIONAL HEALTH SCHOOLS ARE ACCEPTED. WITHIN SIX MONTHS OF COMMENCEMENT, 98% ENTER GRADUATE SCHOOL OR FIND EMPLOYMENT IN THEIR FIELD. STATISTICS - UNDERGRADUATE STUDENTS: 1445 FULL-TIME EQUIVALENT STUDENTS AND, 343 GRADUATES. 64534654 1 1 0 1 0 0 1 0 1 1 1 0 0 1 1 1 0 1 0 1 0 1 1 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 2091 0 1 1269 1 1 1 0 0 0 0 1 1 0 0 0 0 X 41 40 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 JAMES W CAMERON 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 DAVISESQ 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 GRETCHEN B GOCKLEY 1.00 X 0 0 0 MELISSA A HARTESQ 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 CHANG 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 DAVID A STEINBERG 1.00 X 0 0 0 LEANNE TRACHOK 1.00 X 0 0 0 CRAIG A VARGAESQ 1.00 X 0 0 0 KENNETH R MELANI MD 5.00 X X 0 0 0 CHARLES F MARCY 2.50 X X 0 0 0 BARBARA R DEWITT 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 RICHARD T CLARK 2.50 X X 0 0 0 JAMES J BARNESESQ 2.50 X X 0 0 0 DRTORI HARING-SMITH 55.00 X X 298206 0 145436 DENNIS MCMASTER 50.00 X 156483 0 29537 ALTON NEWELL 50.00 X 152473 0 27784 MICHAEL GRZESIAK 50.00 X 145760 0 22531 TIMOTHY MURPHY 40.00 X 136923 0 26442 JAMES WHITE 50.00 X 68081 0 15357 TOM SZEJKO 50.00 X 96622 0 24369 BYRON MCCRAE 50.00 X 94688 0 13576 MICHAEL CRABTREE 40.00 X 109972 0 24831 CHARLES HANNON 40.00 X 108972 0 22311 ALICE LEE 40.00 X 99738 0 23099 1108789 0 298872 7 0 1 0 RYCON CONSTRUCTION 2525 LIBERTY AVENUE PITTSBURGH PA 15222 CONSTRUCTION SRVCS SCIENCE BUILDING 3643859 PARKHURST DINING SERVICE PO BOX 644091 PITTSBURGH PA 152644090 FOOD SERVICE 3269833 ARAMARK CORPORATION 24818 NETWORK PLACE CHICAGO IL 606731148 FACILITY MANAGEMENT 3149580 ROYALL & COMPANY 1920 EAST PARNHAM ROAD RICHMOND VA 23228 STUDENT SEARCH SERVICES 685778 THE FIRST MARBLEHEAD CORPORATION 800 BOYLSTON STREET BOSTON MA 02199 STUDENT LOAN COLLECTIONS 619123 21 6895 876663 17412935 476621 18296493 TUITION AND FEES 900099 49679836 49679836 STUDENT SERVICES 900099 13623447 13623447 AUXILIARY PROGRAM SVCS 900099 1286840 1242805 44035 64590123 1491952 11826 1480126 25383 27436 -2053 -2053 -2053 16208191 13684218 2523973 2523973 2523973 55818 6895 31373 24445 24445 854453 666723 187730 187730 87112663 64546088 55861 4214221 184909 184909 20996273 20996273 339070 339070 1352241 488579 496510 367152 16001826 12720404 2269872 1011550 1134656 885249 185900 63507 3338584 2450335 700546 187703 1251368 976207 190531 84630 363805 203946 151866 7993 23506 23506 78052 78052 49969 49969 62169 62169 306228 306228 3318991 3149890 169101 301724 301724 653477 408065 97450 147962 568409 542209 23818 2382 3186527 3034291 144987 7249 523864 347977 77805 98082 108555 19485 35500 53570 3003095 3003095 5347805 5128541 208301 10963 FOOD SERVICE 2949188 2949188 "GATE" BAD DEBT EXPENSE 1097647 1089070 8577 STUDENT ACTIVIT/PROGRAM 1073853 1073853 ATHLETIC & GAME EXPENSE 907353 907353 STUDENT INTERSESSION 758952 758952 2831234 2575989 141408 113837 72113330 64534654 5309958 2268718 29161926 35829087 1969539 1056226 1962611 1640579 260156 0 1793705 1938722 203690 119477 2069553 1873859 200238178 62654182 140030681 137583996 38138254 51415675 38146051 44398114 549130 538130 254285296 276393865 5264156 3806239 1837755 2867381 64680337 61948802 5402929 5608279 77185177 74230701 X 99807363 103322697 32440105 44987046 44852651 53853421 177100119 202163164 254285296 276393865 X 14999333 10063712 X X 0 1 1 X 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 49969 49969 72063361 72113330 1000000 250000 0 0 1000000 1000000 1000000 1000000 4000000 6000000 82811 69709 54173 49969 256662 250000 250000 250000 250000 1000000 1500000 X X 0 83668287 12702816 13675739 1966253 2630769 105449820 75605633 4265777 8070543 2009438 2264228 83668287 101091273 1163346 -22017494 4631492 75605633 0.14630 0.34300 0.51070 1 0 10617135 10617135 150704088 37853586 112850502 25641405 18832975 6808430 13275550 5967621 7307929 137583996 COMMON STOCKS 66698 F INVESTMENT IN LIMITED P-SHIP 4769553 F DIVERSIFIED INFLATION HEDGE 5929034 F INT'L GROWTH EQUITY FUND 11184237 F INVEST. IN OTHER HEDGE FUNDS 14453344 F INVESTMENTS - REAL ESTATE 1172193 C CASH SURRENDER VALUE OF LIFE INSURANCE POLICIES 483974 F SECUR.HELD IN TRUST BY OTHERS 6339081 F 44398114 ACCRUED RETIREE HEALTHCARE BENEFITS 2508107 FED.GOV ADVANCES FOR STUDENT LOANS 1838638 LIABILITIES UNDER LIFE INTEREST AGREEMENT 782193 DEPOSITS HELD IN CUSTODY FOR OTHERS 479341 5608279 87112663 72113330 14999333 10062712 1000 10063712 25063045 77761869 10062712 1000 -20140038 -10076326 87838195 -725532 -725532 87112663 52698824 725532 725532 51973292 20140038 20140038 72113330 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. CONTRIBUTED COLLECTION ITEMS WITH A VALUE UNDER $5,000 ARE NOT REFLECTED IN THE FINANCIAL STATEMENTS. 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 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, 2011 AND 2010 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 2008. PART XII, LINE 2D - OTHER ADJUSTMENTS: STUDENT FINANCIAL AID -20,140,038. PART XII, LINE 4B - OTHER ADJUSTMENTS: COSTS OF GOODS SOLD -666,723. RENTAL EXPENSES -27,436. SPECIAL EVENT EXPENSES -31,373. PART XIII, LINE 2D - OTHER ADJUSTMENTS: COSTS OF GOODS SOLD 666,723. RENTAL EXPENSES 27,436. SPECIAL EVENT EXPENSES 31,373. PART XIII, LINE 4B - OTHER ADJUSTMENTS: STUDENT FINANCIAL AID 20,140,038. 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 40 STATES AND WASHINGTON, D.C. 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. 1 EUROPE 0 0 PROGRAM SERVICES STUDY ABROAD 259071 CENTRAL AMERICA & CARIBBEAN 0 0 PROGRAM SERVICES STUDY ABROAD 785 SOUTH AMERICA 0 0 PROGRAM SERVICES STUDY ABROAD 11237 SUB-SAHARAN AFRICA 0 0 PROGRAM SERVICES STUDY ABROAD 39688 EAST ASIA AND PACIFIC 0 0 PROGRAM SERVICES STUDY ABROAD 57858 NORTH AMERICA 0 0 PROGRAM SERVICES STUDY ABROAD 1950 EUROPE 0 0 GRANTS TO RECIPIENTS LOCATED IN REGION INTERNATIONAL STUDIES 255945 SOUTH AMERICA 0 0 GRANTS TO RECIPIENTS LOCATED IN REGION INTERNATIONAL STUDIES 31250 EAST ASIA AND PACIFIC 0 0 GRANTS TO RECIPIENTS LOCATED IN REGION INTERNATIONAL STUDIES 31775 NORTH AMERICA 0 0 GRANTS TO RECIPIENTS LOCATED IN REGION INTERNATIONAL STUDIES 14100 MIDDLE EAST AND NORTH AFRICA 0 0 GRANTS TO RECIPIENTS LOCATED IN REGION INTERNATIONAL STUDIES 6000 CENTRAL AMERICA & CARIBBEAN 0 0 INVESTMENTS N/A 14773889 0 0 0 0 0 0 657784 14825764 15483548 STUDENT AID SOUTH AMERICA 6 31250 N/A N/A N/A STUDENT AID EAST ASIA AND THE PACIFIC 5 31775 N/A N/A N/A STUDENT AID EUROPE 31 255945 N/A N/A N/A STUDENT AID MIDDLE EAST AND NORTH AFRICA 1 6000 N/A N/A N/A STUDENT AID NORTH AMERICA 1 14100 N/A N/A N/A 1 0 0 1 0 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. X X X X X X X 1 DEE JAY OSHRY 1532 ASBURY PLACE PITTSBURGH PA 15217 CAMPAIGN COUNSEL 0 0 62169 0 62169 PA GOLF OUTING 32005 6895 25110 1200 7011 4463 6831 B-BALL GOLF OUTING 18576 18576 1485 4400 2212 928 1 12132 12132 267 2000 576 62713 6895 55818 2952 13411 6675 8335 31373 24445 1 CLEMSON UNIVERSITY 108 SILAS N PEARMAN BLVD CLEMSON SC 29634 576000254 170(B)(I)(A)(II) 47590 CSIP GRANT SUBRECIPIENT. MEMORIAL MEDICAL CENTER 1086 FRANKLIN STREET JOHNSTOWN PA 15905 250965307 170(B)(I)(A)(III) 25622 CSIP GRANT SUBRECIPIENT. HIGHLANDS HOSPITAL AND HEALTH CENTER 401 EMURPHY AVE CONNELLSVILLE PA 154252700 251494705 170(B)(I)(A)(III) 84197 CSIP GRANT SUBRECIPIENT. BRADFORD HOUSE HISTORICAL ASSOCIATION PO BOX 537 WASHINGTON PA 15301 256070816 509(A)(2) 7500 SPONSORSHIP. CITY OF WASHINGTON PA C/O 655 WMAIDEN ST WASHINGTON PA 15301 256000886 170(B)(I)(A)(V) 20000 INVESTMENT. 5 0 SCHOLARSHIPS AND STUDENT AID 1304 19800968 STUDENT ASSISTANCE FOR ACADEMIC SUPPORT 54 1092800 STUDENT ASSISTANCE, STUDENT AWARDS 46 102505 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 1 0 0 0 0 0 0 0 DRTORI HARING-SMITH 283064 0 0 0 15142 0 102092 0 43344 0 443642 0 0 0 DENNIS MCMASTER 152007 0 0 0 4476 0 12280 0 17257 0 186020 0 0 0 ALTON NEWELL 150194 0 0 0 2279 0 12280 0 15504 0 180257 0 0 0 MICHAEL GRZESIAK 143434 0 0 0 2326 0 11400 0 11131 0 168291 0 0 0 TIMOTHY MURPHY 136923 0 0 0 0 0 11286 0 15156 0 163365 0 0 0 PART I, LINE 4B ALTON NEWELL - $15,500 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 2010 1 0 1 1 4500000 44200 4455800 2010 0 0 1 1 0 0 0 0 1 0.00000 0.00000 0.00000 1 0 0 0 0 1 0.00000 0.00000 0.00000 1 0 1 0 0 0 0 0 1 0 0 0 0 MARTHINSEN & SALVITTI INSURANCE GROUP FORMER TRUSTEE'S FAMILY MEMBER HAS OWNERSHIP INTEREST IN INSURANCE PROVIDER 340168 INSURANCE 0 X 9 475841 FMV X USED MONITORS & PRINTERS 1 0 N/A X BEVERAGES 1 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 $5,000 ARE GENERALLY NOT REPORTED AS REVENUE, DUE TO LACK OF MATERIALITY. FORM 990, PART VI, SECTION A, LINE 7A ALUMNI TRUSTEES ARE ELECTED BY THE ALUMNI EXECUTIVE COUNCIL. 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 GAINS ON INVESTMENTS: 10,062,712. DONATED SERVICES AND USE OF FACILITIES: 1,000. TOTAL TO FORM 990, PART XI, LINE 5: 10,063,712. OVERSIGHT OF FINANCIAL STATEMENT AUDIT FORM 990, PART XI, QUESTION 2C THE AUDIT AND RISK MANAGEMENT COMMITTEE OF THE BOARD OF TRUSTEES MEETS TWO TIMES A YEAR WITH THE COLLEGE'S EXTERNAL AUDITORS. THE FIRST MEETING TAKES PLACE IN THE PRE AUDIT PLANNING PHASE AND THE SECOND TO REVIEW THE RESULTS OF THE AUDIT WITH THE AUDITORS. THE COMMITTEE THEN VOTES TO APPROVE THE RESULTS OF THE AUDITED FINANCIAL STATEMENTS AND PRESENTS THE RESULTS TO THE FULL BOARD. FORM 990, PART VII: EMERITUS TRUSTEES: THE FOLLOWING INDIVIDUALS SERVE AS EMERITUS TRUSTEES OF THE WASHINGTON & JEFFERSON COLLEGE WITH NO VOTING RIGHTS: EDWINA W. CAMERON, DR. WALTER COOPER, DR. JOHN R. ECHEMENT, DR. ROBERT M. ELLIOTT, RICHARD Y. HADDAD, DR. JOSEPH A. HARDY, SR., JAMES H. KNEPSHIELD, M.D., J. ROBERT MAXWELL, ESQ., JOHN L. S. NORTHROP, H. THOMAS PATTON, RONALD V. PELLEGRINI, M.D. (ENT 02/21/09), JAMES L. PHILLIPS, M.D., ANICA D. RAWNSLEY, E. RONALD SALVITTI, M.D., RONALD P. SANDMEYER, SR., DOROTHY A. SERVIS, ESQ., ROBERT B. SHUST, F. LEO WRIGHT, ESQ. THE LEARNED TBULMAN CHARITABLE REMAINER UNITRUST #2 60 SLINCOLN ST WASHINGTON PA 15301 526857905 PHILANTHROPY PA WASHINGTON & JEFFERSON COLLEGE T 13477 259866 1.00000 THE RUSSELL AND JEAN EBERLY TRUST 60 SLINCOLN ST WASHINGTON PA 15301 256408499 PHILANTHROPY PA WASHINGTON & JEFFERSON COLLEGE T 3897 61322 1.00000 THE SPENCER&PATRICIA FREE CHARITABLE REMAINDER TRUST 60 SLINCOLN ST WASHINGTON PA 15301 256408501 PHILANTHROPY PA WASHINGTON & JEFFERSON COLLEGE T 7547 128949 1.00000 THE EDITH S GILLMORE CHARITABLE REMAINDER UNITRUST 60 SLINCOLN ST WASHINGTON PA 15301 237965188 PHILANTHROPY PA WASHINGTON & JEFFERSON COLLEGE T 3260 61818 1.00000 THE JOHNSON & JENNY LAU CHARITABLE REMAINDER UNITRUST 60 SLINCOLN ST WASHINGTON PA 15301 256585476 PHILANTHROPY PA WASHINGTON & JEFFERSON COLLEGE T 1522 28761 1.00000 THE J ROBERT MAXWELL CHARITABLE REMAINDER TRUST 60 SLINCOLN ST WASHINGTON PA 15301 256408500 PHILANTHROPY PA WASHINGTON & JEFFERSON COLLEGE T 9993 179506 1.00000 THE JOSEPH&ANDREA PLACER CHARIT REMAINDER UNITRUST 60 SLINCOLN ST WASHINGTON PA 15301 237876769 PHILANTHROPY PA WASHINGTON & JEFFERSON COLLEGE T 2869 48362 1.00000 THE RUSSELL&MARCIA STEIN CHARIT REMAINDER UNITRUST 60 SLINCOLN ST WASHINGTON PA 15301 256523566 PHILANTHROPY PA WASHINGTON & JEFFERSON COLLEGE T 11142 201845 1.00000 THE CHARLES&MARTHA SWEET CHARIT REMAINDER UNITRUST 60 SLINCOLN ST WASHINGTON PA 15301 256780850 PHILANTHROPY PA WASHINGTON & JEFFERSON COLLEGE T 1749 28266 1.00000 ELIZABETH G MURDOCH UNITRUST 620 LIBERTY AVE PITTSBURGH PA 15222 256447380 PHILANTHROPY PA WASHINGTON & JEFFERSON COLLEGE T 434702 2012820 1.00000 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0