2011-04-16T08:10:26-05:00 2010-06-30 PARENTEBEARD LLC 400 Market Street Williamsport PA 17701 990 2009-07-01 240795965 LYCOMING COLLEGE LYCO 5703214000 700 COLLEGE PLACE WILLIAMSPORT PA 17701 MICHELLE HENRY 5703214000 2011-03-28 1 JULIUS GREEN 5703236023 2009 2016-02-24 21:20:13Z Michelle Henry 700 COLLEGE PLACE WILLIAMSPORT PA 17701 168614000 0 X www.lycoming.edu X 1947 PA TO PROVIDE A DISTINGUISHED BACCALAUREATE EDUCATION IN THE LIBERAL ARTS. 37 33 1191 55 374000 -180313 3244000 4123000 46627000 49419000 -19879000 -12804000 1122000 842000 31114000 41580000 16371000 18514000 0 16596000 16955000 0 884000 14474000 14424000 47441000 49893000 -16327000 -8313000 174629000 187089000 39364000 38561000 135265000 148528000 The mission of Lycoming College is to provide a distinguished baccalaureate education in the liberal arts. This is achieved within a coeducational, supportive, residential setting through programs that develop communication and critical thinking skills; foster self-awareness while increasing receptivity to new concepts and perspectives; explore literary and scientific traditions; cultivate an aesthetic sensibility; elicit social responsibility; promote racial inclusiveness, gender equality, and an appreciation of cultural diversity; and produce leadership for the institutions of society. Each student is encouraged to develop and strengthen virtues and traits of character that enable, ennoble, and emancipate the human spirit while deepening commitment to those values that undergird civilization. 0 0 41424000 18514000 49625000 LYCOMING COLLEGE IS A FOUR-YEAR LIBERAL ARTS BASED, CO-EDUCATIONAL, INDEPENDENT COLLEGE WHOSE PRIMARY FUNCTION IS THE PRESENTATION OF FORMAL INSTRUCTION. THE COLLEGE HAS A REGULAR FACULTY, A REGULARLY SCHDULED CURRICULUM (CONSISTING OF FALL, SPRING, MAY AND SUMMER TERMS), AND A REGULARLY ENROLLED STUDENT BODY IN ATTENDANCE AT ITS CAMPUS LOCATED IN WILLIAMSPORT, PENNSYLVANIA. THE COLLEGE'S AREAS OF CONCENTRATION INCLUDE BACHELOR OF ARTS DEGREES IN 32 MAJOR FIELDS AND BACHELOR OF SCIENCE DEGREES IN 4 MAJOR FIELDS. PROGRAM SERVICES OF THE COLLEGE INCLUDE THE COST OF INSTRUCTION, ACADEMIC SUPPORT, STUDENT SERVICES, INSTITUTIONAL SUPPORT AND SCHOLARSHIPS. THE COST OF INSTRUCTION INCLUDES ALL EXPENSES CONTRIBUTING DIRECTLY TO THE PRESENTATION OF FORMAL INSTRUCTION FOR THE 36 AFOREMENTIONED MAJOR FIELDS. ACADEMIC SUPPORT IS ALL THE EXPENSES RELATED TO THOSE AREAS OF THE COLLEGE SUCH AS THE COLLEGE LIBRARY, COMPUTER CENTER, AND THE INSTITUTION FOR MANAGEMENT STUDIES. STUDENT SERVICES ARE ALL THE EXPENSES SPECIFICALLY RELATED TO PROVIDING "OUR CUSTOMER", THE STUDENT, WITH A COMPLETE COLLEGE EXPERIENCE. SUCH AREAS WOULD INCLUDE THE REGISTRAR, CAREER SERVICES, HEALTH SERVICES, RECREATION CENTER, ATHLETICS, COUNSELING SERVICES, ADMISSIONS, FINANCIAL AID, RELIGIOUS ACTIVITIES, OFFICE OF STUDENT PROGRAMS, AND THE DEAN OF STUDENTS. INSTITUTIONAL SUPPORT INCLUDES ALL EXPENSES OF MAINTAINING THE CAMPUS FACILITIES AND PROVIDING FOR ITS EMPLOYEES, SUCH AS BUILDINGS AND GROUNDS, SECURITY, OFFICE OF THE PRESIDENT, TREASURER'S OFFICE, HUMAN RESOURCES, MAIL SERVICES, COLLEGE RELATIONS, ETC.STUDENT FINANCIAL AID FROM INTERNAL SOURCES REPRESENTED APPROXIMATELY 47% OF GROSS TUITION AND FEE REVENUE. IN ADDITION TO SOURCES OF INTERNAL AND EXTERNAL FINANCIAL AID, AND THE LYCOMING GRANT PROGRAM (NEED-BASED), LYCOMING COLLEGE OFFERS NUMEROUS SCHOLARSHIPS TO ACADEMICALLY TALENTED STUDENTS. ALL ACADEMIC SCHOLARSHIPS ARE AUTOMATICALLY RENEWED IN THEIR ORIGINAL AMOUNT FOR THE FOLLOWING YEAR PROVIDED THE STUDENT MAINTAINS SATISFACTORY ACADEMIC PROGRESS AS DEFINED IN THE COLLEGE CATALOG. ENROLLMENT FOR THE 2009-2010 ACADEMIC YEAR WAS APPROXIMATELY 1,355 FULL-TIME EQUIVALENTS. 41424000 1 1 0 0 0 0 1 0 1 1 1 0 1 0 0 0 1 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 1 127 0 1 1191 1 1 1 1 OC 0 0 0 0 0 0 0 37 33 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 PA X MICHELLE M HENRY CPA 5703214031 700 COLLEGE PLACE WILLIAMSPORT PA 17701 DR JAMES E DOUTHAT 40.00 X X 237521 0 77182 DAVID R BAHL ESQ 1.00 X 0 0 0 Hon Marie White Bell 1.00 X 0 0 0 DR ROBERT L BENDER 1.00 X 0 0 0 JOHN R BIGGAR 1.00 X 0 0 0 MELVIN H CAMPBELL JR 1.00 X 0 0 0 JAY W CLEVELAND SR 1.00 X 0 0 0 Jay W Cleveland Jr 1.00 X 0 0 0 DONALD E FAILOR 1.00 X 0 0 0 DAVID D GATHMAN 1.00 X 0 0 0 Nancy J Gieniec 1.00 X 0 0 0 ARTHUR A HABERBERGER 1.00 X X 0 0 0 DANIEL R HAWBAKER 1.00 X 0 0 0 BISHOP NEIL IRONS 1.00 X 0 0 0 Dr brenda p alston-mills 1.00 X 0 0 0 Dr william E evans 1.00 X 0 0 0 Mark Fultz 1.00 X 0 0 0 DALE N KRAPF 1.00 X X 0 0 0 DANIEL R LANGDON 1.00 X 0 0 0 DAVID B LEE 1.00 X 0 0 0 DR ROBERT G LITTLE 1.00 X 0 0 0 CAROLYN-KAY M LUNDY 1.00 X 0 0 0 PETER R LYNN 1.00 X X 0 0 0 D STEPHEN MARTZ 1.00 X 0 0 0 RICHARD D MASE 1.00 X 0 0 0 Nanci D Morris 1.00 X 0 0 0 ANN S PEPPERMAN ESQ 1.00 X X 0 0 0 JAMES G SCOTT 1.00 X 0 0 0 DR ROBERT L SHANGRAW 1.00 X 0 0 0 pete H SIDES 1.00 X 0 0 0 STANLEY W SLOTER 1.00 X 0 0 0 HON CLINTON W SMITH 1.00 X 0 0 0 Cheryl Spencer 1.00 X 0 0 0 JOHN S TROGNER JR 1.00 X 0 0 0 Marshall D Welch III 1.00 X X 0 0 0 diane d woosnam 1.00 X 0 0 0 DR DENNIS G YOUSHAW 1.00 X 0 0 0 Stephen R Storck 40.00 X 155534 0 19367 james d spencer 40.00 X 153767 0 28976 thomas a griffiths 40.00 X 150060 0 20814 Daniel P MILLER 40.00 X 101812 0 15466 SUSAN S GAYLOR 40.00 X 97499 0 15275 CHARLES W EDMONDS 40.00 X 52754 0 7712 MICHELLE HENRY 40.00 X 60829 0 12029 david B HEFFNER 40.00 X 109547 0 10509 1119323 0 207330 6 0 1 0 Sodexho Marriott Services 77 Wall Street Madison CT 06443 Contracted Food Services 2688470 MBS TEXTBOOK EXCHANGE INC 2711 WEST ASH PO BOX 637 COLUMBIA MO 65203 PUBLICATIONS 236003 EbSCO Subscription Service PO BOX 830625 BIRMINGHAM AL 35283 Library Subscription Svcs 194807 DELL MARKETING LP C/O DELL USA LP PO BOX 643561 PITTSBURGH PA 152643561 COMPUTER SERVICES 183031 MCCORMICK LAW FIRM 835 WEST FOURTH STREET PO BOX 577 WILLIAMSPORT PA 17703 LEGAL SERVICES 173478 19 6000 1000 1198000 2918000 227000 4123000 TUITION & FEES 611710 39402000 39402000 AUXILIARY ENTERPRISES 611710 10017000 10017000 49419000 691000 691000 22000 12000 10000 10000 10000 112619000 94000 126019000 189000 -13400000 -95000 -13495000 -13495000 3000 1000 5000 -2000 -2000 1057000 809000 248000 248000 SUMMER CONFERENCE REV 611710 328000 328000 PARKING REVENUE 900099 137000 137000 FACILITY USE REV 721000 46000 46000 75000 16000 59000 586000 41580000 49683000 374000 -12600000 18335000 18335000 179000 179000 478000 478000 12271000 9934000 1889000 448000 883000 683000 162000 38000 2391000 1656000 569000 166000 932000 735000 164000 33000 18000 18000 67000 67000 117000 117000 3138000 2864000 220000 54000 462000 372000 77000 13000 2880000 2694000 118000 68000 2084000 789000 1295000 566000 472000 65000 29000 1028000 1001000 27000 2260000 694000 1566000 530000 59000 471000 STUDENT WAGES 868000 718000 121000 29000 SPECIAL EVENTS 123000 43000 80000 MEMBERSHIPS 101000 29000 69000 3000 Miscellaneous Expenses 63000 45000 18000 DEBT SERVICE TRUSTEE FE 56000 56000 63000 5000 55000 3000 49893000 41424000 7585000 884000 566000 714000 140000 150000 781000 626000 15000 20000 2572000 2762000 88303000 48236000 41237000 40067000 112682000 126907000 10015000 8982000 6621000 6861000 174629000 187089000 899000 894000 26755000 26122000 269000 219000 11441000 11326000 39364000 38561000 X 102491000 113041000 8289000 10079000 24485000 25408000 135265000 148528000 174629000 187089000 X 0 1 1 X 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X X 0 102385000 18747000 8097000 74000 2204000 126951000 140488000 1047000 -36742000 468000 1940000 102385000 0.76000 0.24000 0 0 500000 4398000 4898000 57926000 30648000 27278000 15763000 14249000 1514000 9716000 3339000 6377000 40067000 ACCUMULATED POSTRETIREMENT BENEFIT OBLIGATION 660000 OTHER LIABILITIES 2897000 LIABILITIES UNDER SPLIT-INTEREST AGREEMENTS 5213000 ADVANCE FROM FEDERAL GOVERNMENT FOR STUDENT LOANS 2437000 UNAMORTIZED BOND PREMIUM 119000 11326000 41580000 49893000 -8313000 21359000 217000 21576000 13263000 45538000 21359000 -18310000 3049000 42489000 -909000 -909000 41580000 32275000 909000 909000 31366000 18527000 18527000 49893000 Part III, Line 4: THE COLLEGE ARCHIVES MAINTAINS A COLLECTION OF DOCUMENTS AND PHOTOGRAPHS PRESERVING THE HISTORY OF THE COLLEGE, AS WELL AS ARTIFACTS AND UNIQUE ITEMS SUCH AS STUDENT AND GROUP SCRAPBOOKS, A COLLECTION OF COLLEGE POSTCARDS, DEPARTMENTAL HONORS PAPERS, AND HISTORICAL METHODS PAPERS. THESE ARCHIVAL MATERIALS FOLLOW THE HISTORY OF THE SCHOOL FROM ITS EARLIEST INCARNATION AS THE WILLIAMSPORT ACADEMY (1812-1848), THROUGH ITS YEARS AS WILLIAMSPORT DICKINSON SEMINARY (1848-1928) AND WILLIAMSPORT DICKINSON SEMINARY AND JUNIOR COLLEGE (1928-1947) TO LYCOMING COLLEGE (1948-PRESENT). THE PURPOSE OF THE LYCOMING COLLEGE ARCHIVES IS TO COLLECT INACTIVE MATERIALS OF MANY TYPES THAT REFLECT UPON OUR HERITAGE THROUGH THE HISTORY, DEVELOPMENT, AND ADMINISTRATION OF LYCOMING COLLEGE, AND TO STRENGTHEN THE EDUCATIONAL MISSION OF THE COLLEGE BY PRESERVING AND MAKING AVAILABLE FOR RESEARCH VARIOUS MATERIALS OF A UNIQUE NATURE THAT RELATE TO THE HISTORY OF THE INSTITUTION. A FUNDAMENTAL PURPOSE OF THE COLLECTION IS TO ENGAGE STUDENTS ACTIVELY IN ORIGINAL RESEARCH WHILE REACHING A REASONABLE COMPROMISE BETWEEN USE AND PRESERVATION. THE LYCOMING COLLEGE ART GALLERY ENRICHES THE CULTURAL LIFE ON CAMPUS, IN THE WILLIAMSPORT COMMUNITY AND THROUGHOUT THE REGION. THE EXHIBITIONS PRESENTED AND THE PROGRAMS WHICH ACCOMPANY THEM (LECTURES, ARTIST GALLERY TALKS, CLASS VISITS, ETC.) ARE INTENDED TO DEEPEN THE UNDERSTANDING OF ART, BOTH HISTORICAL AND OF OUR TIME, AND TO COMPLEMENT THE COLLEGE'S VISUAL ARTS CURRICULUM AND OTHER INTERDISCIPLINARY ACADEMIC PROGRAMS. THE GALLERY ALSO SERVES THE ART HISTORY AND STUDIO ART CURRICULAR BY PROVIDING AN OPPORTUNITY FOR OBJECT-CENTERED LEARNING, AND THE HUMANITIES CURRICULAR, THROUGH THE PRESENTATION OF UNIQUE CULTURAL AND HISTORIC WORKS OF ART. WE HOPE TO CHALLENGE AND STIMULATE OUR STUDENTS AND THE PUBLIC BY EXPOSING THEM TO NEW IDEAS AND ENCOURAGING THEM TO THINK INDEPENDENTLY AND CREATIVELY ABOUT THEIR WORK AND THEIR WORLD. THE LYCOMING COLLEGE ART GALLERY IS A WONDERFUL RESOURCE FOR STUDENTS AND THE WILLIAMSPORT COMMUNITY, A NICE CHANGE OF VENUE FOR FACULTY, A RESTFUL ESCAPE FOR STAFF, AND A GREAT PLACE FOR EVERYONE TO BRING FRIENDS AND FAMILY, THEREBY INCREASING THE VISIBILITY OF LYCOMING COLLEGE. Part V, Line 4: Description of Intended Use of Endowment Funds: The Fund serves two goals: (a) to offset expenditures of the institution not covered by the normal operating funds and (b) to ensure that future growth is sufficient to offset inflation plus reasonable spending, thereby preserving the constant dollar value and purchasing power of the Fund. This will be accomplished through a carefully planned and executed long-term investment program. The objective of the investment program is to enhance the Fund's long-term viability by maximizing the value of the Fund with a prudent level of risk. A successful investment program must be balanced by a restrained endowment spending policy. Part X: Description of Uncertain Tax Positions Under FIN 48: The College accounts for uncertainty in income taxes using 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 is met. Management determined that there were no tax uncertainties that met recognition threshold in fiscal year 2010. The College's federal Return of Organization Exempt from Income Tax Returns for the years ended June 30, 2009, 2008, and 2007 and the federal Exempt Organization Business Income Tax Returns (Form 990-T) for the years ended June 30 2009, 2008, and 2007 remain subject to examination by the Internal Revenue Service. Part XI, Line 8 - Other Adjustments: CHANGE IN VALUE OF SPLIT-INTEREST AGREEMENTS: 267000. CHANGE IN BENEFICIAL INTEREST IN PERPETUAL TRUSTS: 23000. Postretirement benefit liability adjustment: -73000. Part XII, Line 2d - Other Adjustments: CHANGE IN VALUE OF SPLIT-INTEREST AGREEMENTS: 267000. CHANGE IN BENEFICIAL INTEREST IN PERPETUAL TRUSTS: 23000. CHANGE IN POSTRETIREMENT BENEFIT LIABILITY ADJUSTMENT: -73000. GRANTS & SCHOLARSHIPS: -18514000. Additional Rent Expense for non-rental properties: -13000. Part XII, Line 4b - Other Adjustments: CAMPUS STORE EXPENSES: -809000. FUNDRAISING EVENT EXPENSES: -5000. loss on sale of other assets: -95000. Part XIII, Line 2d - Other Adjustments: CAMPUS STORE EXPENSES: 809000. FUNDRAISING EVENT EXPENSES: 5000. LOSS ON SALE OF OTHER ASSETS: 95000. Part XIII, Line 4b - Other Adjustments: GRANTS & SCHOLARSHIPS: 18514000. Additional Rent Expense for non-rental properties: 13000. 1 1 1 THE POLIcy is Incorporated into the mission statement of the COLLEGE which is included on the College's website, PUBLICATIONS, ETC. 1 1 1 1 0 0 0 0 0 0 0 0 1 0 THE COLLEGE RECEIVES VARIOUS FEDERAL GRANTS DIRECTLY FROM THE U.S. DEPARTMENT OF EDUCATION. THESE GRANTS INCLUDE SUPPLEMENTAL EDUCATION OPPORTUNITY GRANTS, COLLEGE WORK-STUDY FUNDING, PELL GRANTS, AND TECHNOLOGY GRANTS. THE COLLEGE ALSO RECEIVES GRANTS FROM THE COMMONWEALTH OF PENNSYLVANIA, THE MOST SIGNIFICANT OF WHICH IS THE INSTITUTIONAL ASSISTANCE GRANT. 1 0 0 0 SCHOLARSHIPS NORTH AMERICA 3 40000 FINANCIAL AID IS POSTED TO THEIR STUDENT ACCOUNT 0 N/A CASH SCHOLARSHIPS EAST ASIA AND THE PACIFIC 8 139000 FINANCIAL AID IS POSTED TO THEIR STUDENT ACCOUNT 0 N/A CASH 1 INSTITUTIONAL GRANTS/SCHOLARSHIPS 1308 17983000 0 CASH N/A PRIZES AND SCHOLARSHIPS 40 134000 0 CASH N/A SEOG GRANTS 273 218000 0 CASH N/A Procedure for Monitoring Grants in the U.S.: Part I, Line 2: Schedule I, Part I, Line 2: All students applying for federal funds are required to submit the Free Application for Federal Student Aid ("FAFSA"). The office reviews the results of the FAFSA, which dictates what and how much federal funding the individual student is eligible for. If the student is determined to be in compliance with all federal regulations, as determined by the Dept. of Ed., the aid office awards the student the appropriate funding. Student files regarding eligibility are maintained by the student financial aid office. X X X X 1 1 X X X X X 1 1 0 0 0 0 0 0 0 DR JAMES E DOUTHAT 237521 0 0 0 0 0 48470 0 28712 0 314703 0 0 0 Stephen R Storck 142251 0 0 0 13283 0 0 0 19367 0 174901 0 0 0 james d spencer 153767 0 0 0 0 0 10000 0 18976 0 182743 0 0 0 thomas a griffiths 150060 0 0 0 0 0 0 0 20814 0 170874 0 0 0 Part I, Line 1a The President's compensation package specifically states that travel expenses for his spouse during business travel will be paid by the College. The President lives in a house the College owns which is in close proximity to campus. The College pays for country club dues for the President and a few other key staff members. The President's home is cleaned and maintained by the College's custodial staff. None of these benefits are considered taxable income for these officers as these benefits are for business purposes. Part I, Line 4a James Douthat, 457(f) contributions for the year were $31,970 and 457(b) contributions for the year were $25,673. James Spencer, 457(f) contributions for the year were $10,000. Stephen Storck, severance payment was $13,283. PENNSYLVANIA HIGHER EDUCATIONAL FACILITIES AUTHORITY 232243852 70917NYU2 2003-10-23 11621580 REFUND SERIES 1997 AND 2001 BONDS, RENOVATIONS & MISC CAPITAL EXP 0 0 PENNSYLVANIA HIGHER EDUCATIONAL FACILITIES AUTHORITY 232243852 70917NN91 2004-12-22 8545436 REFUND SERIES OF 1998 BONDS, CONSTR AND FURNISHING OF STUDENT HOUSING 0 0 11575000 963552 9100000 505757 1005961 2005 0 0 1 1 8450000 622161 2236090 212585 5379164 2007 0 0 1 1 0 0 0 0 0 0.00000 0.00000 0.00000 0 0 0 0 0 0 0.00000 0.00000 0.00000 0 0 0 0 0 0 0 0 0 0 0 0 0 CAROLYN KAY LUNDY BOARD TRUSTEE 125286 CAROLYN KAY LUNDY'S HUSBAND IS THE VICE PRESIDENT OF LUNDY CONSTRUCTION. LUNDY CONSTRUCTION PERFORMS CONSTRUCTION WORK FOR VARIOUS BUILDING PROJECTS AT THE COLLEGE. 0 DAVID BAHL BOARD TRUSTEE 173478 DAVID BAHL IS PARTNER AT MCCORMICK LAW FIRM. MCCORMICK LAW PROVIDES LEGAL SERVICES TO THE COLLEGE. 0 PETER HUGH SIDES BOARD TRUSTEE 16656 PETER "HUGH" SIDES IS THE PRESIDENT OF ROBERT M. SIDES FAMILY MUSIC CENTER. ROBERT M. SIDES PROVIDES MUSICAL INSTRUMENTS AND THE SERVICING OF THOSE INSTRUMENTS FOR THE COLLEGE. 0 X 11 218587 Mean of stock price X unused vacation time 1 8078 pay rate x hours 0 1 0 Form 990, Part VI, Section A, line 2 Trustees Jay Cleveland Sr and Jay Cleveland Jr are related (father & son). Trustee Mark Fultz is the son of emeritus trustee Dan Fultz. Form 990, Part VI, Section B, line 11 A draft of the Form 990 was provided to members of the Audit Committee of the Board of Trustees and reviewed by the Audit Committee at a meeting in early 2011 with ParenteBeard, the independent auditors of the College. Following that review, the Form 990 was provided to each Trustee of the College and was recommended for approval by the Chairman of the Audit Committee to the Board of Trustees at it's annual spring meeting prior to filing with the IRS. Form 990, Part VI, Section B, line 12c The Audit Committee of the Board periodically reviews the College's conflict of interest policy to ensure that it is comprehensive, clearly defines the term "conflict of interest" and contains procedures for adequately resolving and documenting potential conflicts. The policy requires annual signoff by Board Trustees. Before the board or a committee of the board considers a proposed transaction/arrangement, any interested person must disclose the existence of the financial interest and disclose all material facts to the board or committee. The interested person will then leave the meeting while the board or committee determine and vote upon the conflict of interest. The board or committee may, if appropriate, consider alternatives to the proposed transaction/arrangement. The interested person would abstain from voting on the matter. All determinations and votes are documented in the minutes of the board of trustees or committee meetings. If anyone fails to disclose an actual or possible conflict of interest, the board will determine the appropriate disciplinary and corrective action up to removal from the board. Form 990, Part VI, Section B, line 15 The Executive Committee of the Board of Trustees sets the parameters for the overall salary pool for College employees at their February meeting as part of the annual budget cycle. The Personnel Committee of the Board of Trustees reviews and sets the salary and benefits for the President at their April meeting each year. The Personnel Committee also reviews and sets the salaries for the senior officers of the College (provost and dean of the college, vice president for administration and planning, vice president for admissions and financial aid, dean of student affairs and vice president for college advancement). The Personnel Committee is provided with comparative data for the president and senior officers relative to similar institutions in mission, enrollment size, finances, etc. The Personnel Committee also receives a report of how faculty salaries and compensation compare at Lycoming College relative to similar institutions. The President approves the salary for all other employees within the parameters set by the Board, the College's salary grades for each position and various compensation surveys. The President receives comparative data for all mid-level and administrative employees relative to the same comparison group that is used by the Personnel Committee. The Director of Human Resources provides comparative data for the administrative assistant and physical laborer positions to the President. Continuing faculty and staff salaries are approved by the President upon the recommendation of the corresponding senior officer and based on the College's evaluation and personnel policies. Form 990, Part VI, Section C, line 19 The governing documents, conflict of interest policy and financial statements are available upon request. FORM 990, SCHEDULE K, PART III, LINE 3 THERE ARE NO MANAGEMENT OR SERVICE CONTRACTS OR RESEARCH AGREEMENTS RELATING TO THE FINANCED PROPERTIES FOR THE 2003 OR 2004 BONDS.