2012-05-14T09:38:25-05:00 2011-06-30 TAIT WELLER & BAKER LLP 1818 MARKET STREET SUITE 2400 PHILADELPHIA PA 19103 990 2010-07-01 231484178 LANCASTER BIBLE COLLEGE LANC 7175697071 901 EDEN ROAD LANCASTER PA 17601 MATTHEW MASON 7175697071 2012-05-14 1 MARTIN MAUCH 2159798800 2012-05-14 2010 2016-02-24 21:20:13Z MATTHEW MASON 901 EDEN ROAD LANCASTER PA 17601 34590590 0 X WWW.LBC.EDU X 1933 PA LANCASTER BIBLE COLLEGE AND GRADUATE SCHOOL EXISTS TO EDUCATE CHRISTIAN STUDENTS TO THINK AND LIVE A BIBLICAL WORLDVIEW AND TO PROCLAIM CHRIST BY SERVING HIM IN THE CHURCH AND SOCIETY. 18 16 647 12 0 0 3871822 5329067 13440401 15648651 250334 1420050 310949 370109 17873506 22767877 2854862 2747047 0 0 8716613 10198326 111178 112810 831236 5576430 6615532 17259083 19673715 614423 3094162 44961020 51832169 5880775 9364578 39080245 42467591 LANCASTER BIBLE COLLEGE AND GRADUATE SCHOOL EXISTS TO EDUCATE CHRISTIAN STUDENTS TO THINK AND LIVE A BIBLICAL WORLDVIEW AND TO PROCLAIM CHRIST BY SERVING HIM IN THE CHURCH AND SOCIETY. 0 0 17659611 2747047 15648651 LANCASTER BIBLE COLLEGE EDUCATES APPROXIMATELY 1100 CHRISTIAN POSTSECONDARY STUDENTS TO LIVE ACCORDING TO A BIBLICAL WORLD VIEW AND TRAINS THEM TO PROCLAIM CHRIST BY SERVING HIM IN THE CHURCH AND SOCIETY. 17659611 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 1 0 0 0 0 1 1 0 0 1 1 1 1 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 1 0 0 0 0 1 1498 0 1 647 1 0 0 0 0 0 1 1 0 0 0 0 X 18 16 0 0 1 0 1 1 0 1 1 0 0 1 1 1 1 1 0 1 1 0 PA X LONNIE MARTIN 7175697071 LANCASTER BIBLE COLLEGE LANCASTER PA 17601 MR PHILIP A CLEMENS 1.00 X X 0 0 0 MR CHARLES H KREIDER 1.00 X X 0 0 0 MR ROBERT KEPIRO 1.00 X X 0 0 0 MRS SALLY L MARTIN 1.00 X X 0 0 0 DR ERIC G CRICHTON 0.50 X 0 0 0 MR JAMES J FETTEROLF 0.50 X 0 0 0 MR JAMES S HERR 0.50 X 0 0 0 DR L RONALD HOOVER 0.50 X 0 0 0 MR ROBERT L HORST 0.50 X 0 0 0 REV J PAUL MUTCHLER 0.50 X 0 0 0 MISS TRACY JONES 0.50 X 0 0 0 MR DANIEL A KESSLER 0.50 X 0 0 0 MR NOAH W KREIDER 0.50 X 0 0 0 MR STUART J LEVEY 0.50 X 0 0 0 MR LARRY L MARTIN 0.50 X 0 0 0 MR JAMES W ROBERTSON 0.50 X 0 0 0 MR LARRY W ROHRER 0.50 X 0 0 0 MR PAUL J SEBASTIAN 0.50 X 0 0 0 MRS RUTH A SHERTZER 0.50 X 0 0 0 DR PETER W TEAGUE 50.00 X 107654 0 44819 DR RICHARD A WILSON 45.00 X 106564 0 13637 MR MATTHEW C MASON 45.00 X 54124 0 13051 DR GARY BREDFELDT 45.00 X 117137 0 15266 385479 0 86773 3 0 1 0 HORST CONSTRUCTION PO BOX 3310 LANCASTER PA 176043310 CONSTRUCTION SERVICES 1475223 ALADDIN FOOD MANAGEMENT SERVICES LLC 21 ARMORY DR WHEELING WV 26003 DINING SERVICES ON CAMPUS 970813 JPL VIDEO PRODUCTIONS 471 JPL WICK DRIVE HARRISBURG PA 17111 MARKETING SERVICES AND WEBSITE DEVELOPME 596454 BLUENOG CORPORATION 2ND FL 53 KNIGHTSBRIDGE RD PISCATAWAY NJ 08854 WEBSITE DEVELOPMENT 449789 MAST ELECTRIC 16 HOLLY DRIVE LEOLA PA 175401209 ELECTRICAL SERVICES FOR CONSTRUCTION & M 430603 9 301980 255393 4771694 13765 5329067 TUITION & FEES 900099 12927428 12927428 AUXILIARY ENTERPRISES 900099 2721223 2721223 15648651 255068 255068 12798996 11634014 1164982 1164982 1164982 22037 301980 188699 -166662 -166662 MISC INCOME 900099 536771 536771 536771 22767877 16185422 0 1253388 2747047 2747047 317360 282880 21906 12574 7749902 6907895 534955 307052 243081 216671 16779 9631 1342776 1196887 92688 53201 545207 485771 37932 21504 7534 7534 41465 41465 112810 112810 51345 51345 310496 243142 49354 18000 256203 250447 5756 906169 729939 146845 29385 195462 121092 71730 2640 1074310 928863 145447 438799 425250 3967 9582 65400 52160 2322 10918 69841 69841 1148125 1148125 56735 56735 CAFETERIA FOOD 747031 747031 ACADEMIC AFFAIRS 441036 324568 5306 111162 MISCELLANEOUS EXPENSES 391386 431541 -48733 8578 PUBLIC SERVICE 125352 13730 111622 SUBSCRIPTIONS 67323 67303 20 221520 212693 2026 6801 19673715 17659611 1182868 831236 419105 27653 636311 2141115 1166334 1794120 220789 403771 306619 271342 46978 178694 63620 182129 43113819 12138687 27434456 30975132 14585585 15773007 81223 85206 44961020 51832169 543003 1071982 362947 459689 2093255 4688691 2881570 3144216 5880775 9364578 X 30747424 33088601 3592163 4603622 4740658 4775368 39080245 42467591 44961020 51832169 X 3094162 293184 X X 0 1 1 X 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 9398196 134118 1019812 10552126 5302242 3835026 260928 9398196 6918938 172830 -1789526 5302242 0 0 4753188 4753188 29644714 6745436 22899278 8715917 5393251 3322666 30975132 UNITRUST AND ANNUITY OBLIGATIONS 2912719 FUNDS HELD FOR OTHERS 67702 US GOVERNMENT ADVANCES 163795 3144216 22767877 19673715 3094162 307300 -14116 293184 3387346 20516829 307300 307300 20209529 2558348 2558348 22767877 17115367 188699 188699 16926668 2747047 2747047 19673715 DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: MANAGEMENT HAS REVIEWED THE TAX POSITIONS FOR EACH OF THE OPEN TAX YEARS (2008-2010) OR EXPECTED TO BE TAKEN IN THE COLLEGE'S 2011 TAX RETURN AND HAS CONCLUDED THAT THERE ARE NO SIGNIFICANT UNCERTAIN TAX POSITIONS THAT WOULD REQUIRE RECOGNITION IN THE FINANCIAL STATEMENTS. PART XI, LINE 8 - OTHER ADJUSTMENTS: ACTUARIAL LOSS ON GIFT ANNUITY AND OTHER TRUST OBLIGATIONS -14,116. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS RECLASSIFIED AS EXPENSES 2,747,047. FUNDRAISING EXPENSES SHOWN AS FUNCTIONAL EXPENSES ON FINANCIAL STATEMENTS -188,699. PART XIII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES SHOWN AS FUNCTIONAL EXPENSES ON FINANCIAL STATEMENTS 188,699. PART XIII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS RECLASSIFIED AS EXPENSES 2,747,047. 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 SCHOOL MAKES KNOWN ITS NONDISCRIMINATION POLICY IN ALL PRINT AND BROADCAST MEDIA. EXPLANATION OF GOVERNMENT FINANCIAL ASSISTANCE SCHEDULE E, PART I, LINE 6 SCHOLARSHIPS AND GRANTS ARE MADE ON A NONDISCRIMINATORY BASIS OF ACADEMIC ACHIEVEMENT AND FINANCIAL NEED. LANCASTER BIBLE COLLEGE RECEIVES THE PENNSYLVANIA INSTITUTIONAL ASSISTANCE GRANT. X X X X X X 1 WESTFALL GROUP LLC PO BOX 341 SUWANEE GA 30024 FUNDRAISING CONSULTANT 0 0 91589 -91589 ROBERT F DAVIS CONSULTING 11 REDWOOD LANE RINGWOOD NJ 07456 FUNDRAISING CONSULTANT 0 0 33800 -33800 125389 -125389 PRESIDENT'S WEEKENDS MARCO IS, FL 228000 228000 3309 65954 62794 LEADERSHIP BUSINESS CONFERENCE 15822 5000 10822 17520 2 80195 68980 11215 6947 30677 1498 324017 301980 22037 10256 96631 81812 188699 -166662 0 AMBASSADOR FOUNDATION PO BOX 1201 LANCASTER PA 176081201 020714460 501(C)(3) 110708 TO ASSIST ITS SUPPORTING ORGANIZATION WITH ITS OPERATIONAL EXPENSES ASSOCIATION FOR BIBLICAL HIGHER EDUCATION 5850 TG LEE BOULEVARD STE 130 ORLANDO FL 32822 351055662 501(C)(3) 5000 ANNUAL COMMITMENT TO HELP THE ACCREDITING ASSOCIATION 2 STUDENT SCHOLARSHIPS TO LANCASTER BIBLE COLLEGE STUDENTS. 730 2747047 PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, PART I, LINE 2: SCHOLARSHIPS AND GRANTS ARE MADE ON A NONDISCRIMINATORY BASIS OF ACADEMIC ACHIEVEMENT AND FINANCIAL NEED. 0 0 0 0 0 0 0 0 0 DR PETER W TEAGUE 107654 0 0 0 0 0 5150 0 39669 0 152473 0 0 0 GENERAL MUNICIPAL AUTHORITY OF THE TOWNSHIP OF MANHEIM 232583622 2010-12-21 17500000 TO SUPPORT CAPITAL CONSTRUCTION PROJECTS 0 0 0 2857694 4613 119003 2738688 0 0 1 1 0 0 0 0 1 HORST CONSTRUCTION PROMISSORY NOTE RELATED TO STOCK SALE X 856472 162731 0 1 1 162731 HORST CONSTRUCTION COMPANY IN WHICH TRUSTEE JAMES J. FETTEROLF IS PRESIDENT 1945565 CONSTRUCTION OF NEW STUDENT LEARNING COMMONS - PARTIALLY COMPLETE JUNE 30, 2011 0 ROBERT TEAGUE SON OF PRESIDENT - PETER TEAGUE 95041 SALARY PAID BY LANCASTER BIBLE COLLEGE FOR HIS WORK AS DIRECTOR OF AMBASSADOR FOUNDATION - A RELATED ORGANIZATION 0 FORM 990, PART VI, SECTION A, LINE 4 THE COLLEGE'S ARTICLES OF INCORPORATION WERE AMENDED AND RESTATED, AND APPROVED BY THE COPRORATION OCTOBER 12, 2010. THE AMENDING AND RESTATEMENT WERE NECESSARY BECAUSE 1) THE COLLEGE WAS SEEKING APPROVAL TO ADD A PHD IN LEADERSHIP DEGREE TO ITS ACADEMIC OFFERINGS, AND 2) THE ORIGINAL ARTICLES OF INCORPORATION WERE ADOPTED AT A TIME PRIOR TO THE IRS HAVING REQUIREMENTS FOR THE INCLUSION OF CERTAIN TAX EXEMPT LANGUAGE IN THE ARTICLES. FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION HAS CORPORATION MEMBERS. THERE IS NO MEMBERSHIP FEE. THE CORPORATION IS MADE UP OF ABOUT 100 FRIENDS OF THE COLLEGE. IT IS FROM THE CORPORATION, THAT THE BOARD OF TRUSTEES IS SELECTED. THE CORPORATE BODY ELECTS THE BOARD OF TRUSTEES. FORM 990, PART VI, SECTION A, LINE 7A THE ORGANIZATION HAS CORPORATION MEMBERS. THERE IS NO MEMBERSHIP FEE. THE CORPORATION IS MADE UP OF ABOUT 100 FRIENDS OF THE COLLEGE. IT IS FROM THE CORPORATION, THAT THE BOARD OF TRUSTEES IS SELECTED. THE CORPORATE BODY ELECTS THE BOARD OF TRUSTEES. FORM 990, PART VI, SECTION B, LINE 11 COPIES OF A DRAFT VERSION OF THE 990 ARE SENT TO THE MEMBERS OF THE FINANCE COMMITTEE OF THE BOARD OF TRUSTEES. THEY ARE REQUESTED TO READ OVER THE RETURN AND RESPOND WITH QUESTIONS OR CONCERNS, SO CHANGES, IF NECESSARY CAN BE MADE BEFORE THE RETURN IS SUBMITTED TO THE IRS. FORM 990, PART VI, SECTION B, LINE 12C ALL TRUSTEES ARE REQUIRED TO COMPLETE A CONFLICT OF INTEREST FORM ON AN ANNUAL BASIS. BY THEIR SIGNED STATEMENT THEY DECLARE THEY HAVE NO CONFLICTS OF INTEREST. THIS WAS MOST RECENTLY DONE IN DECEMBER 2009. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION FOR THE PRESIDENT IS ESTABLISHED BY THE EXECUTIVE COMMITTEE OF THE BOARD AND EVALUATED PERIODICALLY. COMPARATIVE DATA IS AVAILABLE TO THEM UPON REQUEST. COMPENSATION FOR OFFICERS IS DETERMINED BY THE PRESIDENT IN CONSULTATION WITH THE HR MANAGER. COMPENSATION FOR OTHER EMPLOYEES IS DETERMINED BY PRESIDENT, HIS CABINET IN CONSULTATION WITH HR MANAGER. FORM 990, PART VI, SECTION C, LINE 18 THE 990 IS MADE AVAILABLE TO ANYONE WHO ASKS FOR IT. INFORMATION REGARDING SPECIFIC CONTRIBUTORS IS NOT PUBLICLY DISCLOSED. FORM 990, PART VI, SECTION C, LINE 19 OTHER THAN INFORMATION REQUIRED TO BE DISCLOSED IN THE 990, THESE ARE NOT CONSIDERED DOCUMENTS AVAILABLE TO THE PUBLIC. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED GAINS ON INVESTMENTS: 307,300. ACTUARIAL LOSS ON GIFT ANNUITY AND OTHER TRUST OBLIGATIONS -14,116. TOTAL TO FORM 990, PART XI, LINE 5: 293,184. AUDIT COMMITTEE AND SELECTION OF INDEPENDENT ACCOUNTANT PART XI, LINE 2C THE PROCESS BY WHICH THE ORGANIZATION APPOINTS A COMMITTEE THAT ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENT AND SELECTION OF AN INDEPENDENT ACCOUNTANT HAS NOT CHANGED FROM THE PRIOR YEAR. AMBASSADOR FOUNDATION PO BOX 1201 LANCASTER PA 176081201 020714460 SUPPORT THE INTEREST OF LBC AND SIMILAR NON-PROFIT ORGANIZATIONS PA 501(C)(3) 11A - I 0 0 1 0 0 0 0 0 0 0 0 1 0 0 1 0 1 0 0