2011-05-16T08:03:53-05:00 2010-06-30 TAIT WELLER & BAKER LLP 1818 MARKET STREET SUITE 2400 PHILADELPHIA PA 19103 990 2009-07-01 231484178 Lancaster Bible College LANC 7175697071 901 Eden Road Lancaster PA 17601 MATTHEW MASON 7175697071 2011-05-16 1 MARTIN MAUCH 2159798800 2011-05-16 2009 2016-02-24 21:20:13Z MATTHEW MASON 901 Eden Road Lancaster PA 17601 33572993 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. 19 17 621 12 0 0 4314773 3871822 12341750 13440401 -1090299 250334 525358 310949 16091582 17873506 2499546 2854862 0 8221094 8716613 121785 111178 659435 5408626 5576430 16251051 17259083 -159469 614423 47339002 44961020 12331459 5880775 35007543 39080245 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 15197829 2854862 14059599 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. 15197829 1 1 0 0 0 0 0 0 1 1 1 1 1 0 0 0 0 1 1 0 0 1 1 0 0 0 0 1 0 0 1 1 0 0 0 0 0 1 1 0 0 1 103 0 1 621 1 0 0 0 0 0 1 1 0 0 0 19 17 0 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 0 1 1 0 PA X 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 Mr Robert E Kauffman 0.50 X 0 86000 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 134298 0 14057 DR RICHARD A WILSON 50.00 X 98526 0 13749 232824 86000 27806 1 0 0 0 PIONEER COLLEGE CATERERS INC 12351 W 96th Terrace Suite 204-W Lenexa KS 66215 On campus dining services 755876 MTS Travel 124 E Main Street Ephrata PA 17522 Travel Arrangements-Student Trips 124724 WESTFALL GROUP LLC PO BOX 341 SUWANEE GA 30024 FUNDRAISING CONSULTANT 111423 JPL Video Productions 471 JPL Wick Drive Harrisburg PA 17111 Marketing Services and Website Developme 105628 Educationdynamics LLC box 24382 Network Place CHICAGO IL 60693 Enrollment, Retention,and Names for Stud 101655 5 518557 287721 3065544 22058 3871822 Tuition & Fees 900099 11043922 11043922 Auxiliary Enterprises 900099 2396479 2396479 13440401 243613 243613 15071796 300000 15206829 158246 -135033 141754 6721 6721 26163 518557 334412 -308249 -308249 Misc Income 900099 619198 619198 619198 17873506 14059599 0 -57915 268734 268734 2586128 2586128 231143 204668 16014 10461 6565206 5813258 454836 297112 224256 198571 15536 10149 1233160 1091920 85433 55807 462848 409836 32066 20946 14765 14765 29465 29465 111178 111178 51478 51478 223923 151938 60985 11000 250483 245767 4716 993543 693483 254271 45789 131609 89146 40328 2135 903582 639695 263887 212154 201564 2262 8328 49831 48139 1692 26355 26355 863472 863472 16312 16312 Cafeteria Food 737051 737051 Miscellaneous Expenses 467017 379951 5676 81390 Academic Affairs 257090 257090 Public Service 188566 188566 Athletics 54122 54122 105612 74730 30458 424 17259083 15197829 1401819 659435 66657 419105 1956964 636311 1264648 1166334 413870 220789 388475 306619 41837 46978 234040 63620 38473386 11038930 27514063 27434456 15356697 14585585 101751 81223 47339002 44961020 292611 543003 410066 362947 7418268 2093255 4210514 2881570 12331459 5880775 X 20533222 30747424 9785857 3592163 4688464 4740658 35007543 39080245 47339002 44961020 X 0 1 1 X 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 5302242 3835026 260928 9398196 6918938 172830 -1789526 5302242 0.49560 0.50440 0 0 4753188 4753188 26090868 6230360 19860508 7629330 4808570 2820760 27434456 Unitrust and Annuity Obligations 2655282 Funds Held For Others 62492 US Government Advances 163796 2881570 17873506 17259083 614423 766291 2691988 3458279 4072702 16447966 766291 165337 931628 15516338 27424 2329744 2357168 17873506 14979943 334412 334412 14645531 27424 2586128 2613552 17259083 Part XI, Line 8 - Other Adjustments: ACTUARIAL GAIN (LOSS) ON ANNUITY & UNITRUST OBLIGATION: 2533742. EQUITY OF DISCONTINUED OPERATIONS ASSUMED UPON DISSOLUTION: 158246. Part XII, Line 2d - Other Adjustments: NET INCOME FROM RELATED ENTITY SHOWN IN CONSOLIDATED FINANCIAL STATEMENTS: 165337. Part XII, Line 4b - Other Adjustments: SCHOLARSHIPS RECLASSIFIED AS EXPENSES: 2586128. FUNDRAISING EXPENSES SHOWN AS FUNCTIONAL EXPENSES ON FINANCIAL STATEMENTS: -334412. REVERSAL OF REVENUE RECEIVED FROM RELATED ENTITY ELIMINATED IN CONSOLIDATION: 78028. Part XIII, Line 2d - Other Adjustments: FUNDRAISING EXPENSES SHOWN AS FUNCTIONAL EXPENSES ON FINANCIAL STATEMENTS: 334412. Part XIII, Line 4b - Other Adjustments: SCHOLARSHIPS RECLASSIFIED AS EXPENSES: 2586128. 1 1 1 THE SCHOOL MAKES KNOWN ITS NONDISCRIMINATION POLICY IN ALL PRINT AND BROADCAST MEDIA. 1 1 1 1 0 0 0 0 0 0 0 0 1 0 SCHOLARSHIPS AND GRANTS ARE MADE ON A NONDISCRIMINATORY BASIS OF ACADEMIC ACHIEVEMENT AND FINANCIAL NEED. LANCASTER BIBLE COLLEGE RECEIVES THE PENNSYLVANIA INSTITUTIONAL ASSISTANCE GRANT. 1 X X X X X X 1 WESTFALL GROUP LLC FUNDRAISING CONSULTANT 0 0 111178 -111178 111178 -111178 President's Weekends Phoenix/Biltmo 243000 243000 4423 96148 85363 President's Weekends Maryland/Sandy 188400 188400 2526 63890 30224 3 113320 87157 26163 8981 28604 14253 544720 518557 26163 15930 188642 129840 334412 -308249 0 Ambassador Foundation PO BOX 1201 LANCASTER PA 176081201 020714460 501(C)(3) 263534 BOOK VALUE FORGAVE ACCUMULATED PAYROLL COSTS SINCE ORIGIN OF FOUNDATION to assist its supporting organization with its operational expenses 1 student scholarships to Lancaster Bible College students. 707 2586128 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. CHARLES FREY CONSTRUCTION OF NEW DORMITORIES X 3000000 0 0 0 1 HORST CONSTRUCTION COMPANY IN WHICH TRUSTEE JAMES J. FETTEROLF IS PRESIDENT 324812 CONSTRUCTION SERVICES 0 Robert Teague SON OF PRESIDENT - PETER TEAGUE 80000 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 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. PART XI, LINE 2C AUDIT COMMITTEE AND SELECTION OF INDEPENDENT ACCOUNTANT 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 Ambassador Advisors LLC 901 eden Road PO Box 83403 LANCASTER PA 176063403 200272674 Financial Advice and related services PA C 165337 1.00000 0 1 0 0 0 0 1 0 0 0 1 0 0 1 1 1 0 0 AMBASSADOR FOUNDATION B 263534 AMBASSADOR ADVISORS G 300000 AMBASSADOR FOUNDATION O 96000