2026-04-21T14:34:48-05:00 2025-06-30 390859910 BAKER TILLY ADVISORY GROUP LP 1570 FRUITVILLE PIKE SUITE 400 LANCASTER PA 17601 990 2024-07-01 231424055 HARCUM COLLEGE HARC 6105254100 750 MONTGOMERY AVENUE BRYN MAWR PA 19010 JON JAY DETEMPLE PHD MBA PRESIDENT 6105254100 2026-04-20 1 1 KERRI N BOGDA P00760402 7177404863 2026-04-20 2024 2025-03-06 01:10:19Z JON JAY DETEMPLE PHD 750 MONTGOMERY AVENUE BRYN MAWR PA 19010 68341440 0 X WWW.HARCUM.EDU X 1915 PA PROVIDES ITS STUDENTS WITH AN OPPORTUNITY FOR OUTSTANDING ACADEMIC, CAREER AND LIFE PREPARATION. 14 14 537 190 0 0 16933011 26824733 24506085 26134500 518179 4193300 347100 225638 42304375 57378171 7299078 9538156 0 0 14805700 15468464 0 0 788926 11361091 9799915 33465869 34806535 8838506 22571636 38064181 54102809 8723394 4564250 29340787 49538559 X HARCUM COLLEGE PROVIDES ITS STUDENTS WITH AN OPPORTUNITY FOR OUTSTANDING ACADEMIC, CAREER, AND LIFE PREPARATION. WE TEACH, MENTOR, AND PREPARE STUDENTS FOR SUCCESS IN THEIR CHOSEN PROFESSIONS IN AN EXPERIENTIAL ENVIRONMENT. HARCUM'S CORE VALUES OF EXCELLENCE, CIVILITY, EMPOWERMENT, INTEGRITY, COMMUNITY SERVICE, AND RESPECT FOR DIVERSITY ASSURE THAT EVERY STUDENT IS VALUED AND SUPPORTED. 0 0 27633095 9538156 26134500 HARCUM COLLEGE PROVIDES ITS STUDENTS WITH AN OPPORTUNITY FOR OUTSTANDING ACADEMIC, CAREER, AND LIFE PREPARATION. WE TEACH, MENTOR, AND PREPARE STUDENTS FOR SUCCESS IN THEIR CHOSEN PROFESSIONS IN AN EXPERIENTIAL ENVIRONMENT. HARCUM'S CORE VALUES OF EXCELLENCE, CIVILITY, EMPOWERMENT, INTEGRITY, COMMUNITY SERVICE, AND RESPECT FOR DIVERSITY ASSURE THAT EVERY STUDENT IS VALUED AND SUPPORTED. HARCUM COLLEGE IS A PRIVATE, COEDUCATIONAL, FULLY ACCREDITED, RESIDENTIAL AND COMMUTER COLLEGE IN BRYN MAWR, PA WHICH OFFERS 27 CAREER-READY ASSOCIATE'S DEGREE PROGRAMS. CAREER-INFORMED PROGRAMS ARE OFFERED ON CAMPUS, ONLINE AND OFF-CAMPUS AT PARTNERSHIP SITES THROUGHOUT PENNSYLVANIA. STUDENT ATHLETES COMPETE AT THE NJCAA IN VARIOUS SPORTS. THE COLLEGE CURRENTLY SERVES APPROXIMATELY 1,200 STUDENTS. 27633095 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 1 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 1 58 0 537 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 14 14 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 PA X EVELYN RODRIGUEZ CONTROLLER 6105254100 750 MONTGOMERY AVE BRYN MAWR PA 19010 DAVID M JACOBSON CHAIRMAN 1.00 0.00 X X 0 0 0 KARL THALLNER VICE-CHAIR 1.00 0.00 X X 0 0 0 THEODORE ROSEN VICE-CHAIR 1.00 0.00 X X 0 0 0 DENIS C BOYLE TREASURER 1.00 0.00 X X 0 0 0 CARMEN RIVE SECRETARY 1.00 0.00 X X 0 0 0 DR ALEXANDER KLEIN TRUSTEE 1.00 0.00 X 0 0 0 AMY COPELAND TRUSTEE 1.00 0.00 X 0 0 0 SHARON MANKER TRUSTEE 1.00 0.00 X 0 0 0 DANIEL HIRSCHFELD TRUSTEE 1.00 0.00 X 0 0 0 J MICHAEL MCNAMARA TRUSTEE 1.00 0.00 X 0 0 0 KEVIN DOW TRUSTEE 1.00 0.00 X 0 0 0 BARBARA BOSHA TRUSTEE 1.00 0.00 X 0 0 0 ANTHONY JONES TRUSTEE 1.00 0.00 X 0 0 0 JON JAY DETEMPLE PRESIDENT, PH.D., MBA 40.00 0.00 X 252737 0 69970 RACHEL BOWEN VP OF ENROLLMENT MANAGEMENT 40.00 0.00 X 115601 0 8040 BROOKE WALKER VP OF INSTITUTIONAL ADVANCEMENT 40.00 0.00 X 127042 0 15343 JULIA INGERSOLL EXECUTIVE VP, CAO & COLLEGE COUNSEL 40.00 0.00 X 148842 0 11760 PAULA LEHRBERGER ASSISTANT VP OF FINANCIAL AID 40.00 0.00 X 104743 0 9021 TIMOTHY ELY EXECUTIVE DIRECTOR OF SP&IR 40.00 0.00 X 105318 0 13212 854283 0 127346 6 0 1 0 MCGLOCKLIN CONSTRUCTION INC 2 MENG ROAD SCHWENKSVILLE PA 19473 BUILDING CONTRACTORS 323737 BAKER TILLY US LLP PO BOX 7398 MADISON WI 53707 AUDIT & TAX SERVICES 108102 2 13000 1563991 25247742 26824733 STUDENT TUITION & FEES 611310 23877669 23877669 AUXILIARY FEES 900099 2233583 2233583 STUDENT LOAN INTEREST 900099 23248 23248 26134500 420247 420247 14613294 10840241 3773053 3773053 3773053 116061 13000 32475 83586 83586 126940 90553 36387 36387 CLINICAL & TESTING REVENUE 900099 21259 21259 INSURANCE REIMBURSEMENTS 900099 16148 16148 PARKING FEES 812930 16085 16085 52173 52173 105665 57378171 26134500 0 4418938 9538156 9538156 281682 281682 12623663 9933929 2401286 288448 284334 217928 58487 7919 1245667 954743 256230 34694 1033118 791835 212509 28774 25010 25010 101130 101130 72803 72803 2543933 2288481 223311 32141 301579 400 7024 294155 1088188 807701 237433 43054 604026 362416 241610 1481490 1067565 388200 25725 193492 191217 2102 173 51849 40710 11139 396618 95 396521 2 604932 496044 96789 12099 258925 258925 BAD DEBT EXPENSE 887119 887119 LICENSES & FEES 558745 553907 4810 28 DUES & SUBSCRIPTIONS 148807 50198 98609 MEALS & ENTERTAINMENT 71194 66036 4944 214 410075 271734 116841 21500 34806535 27633095 6384514 788926 142609 203556 85385 3938885 14189230 38874853 1608347 1329932 55449 52739 803284 595637 29286367 24538538 4413850 4747829 15648613 3751836 469748 391070 647666 216472 38064181 54102809 3832753 3621179 100115 90158 35126 15534 679927 229453 4075473 607926 8723394 4564250 X 21070461 17120303 8270326 32418256 29340787 49538559 38064181 54102809 X 22571636 -2372784 -1080 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 6847492 403000 281266 22500 62609 7446649 2434301 4160232 303209 50250 6847492 1942467 403474 110560 22200 2434301 1625906 623290 -284461 22268 1942467 1177915 122342 325649 1625906 0.00000 0.84000 0.16000 0 0 549961 549961 18368652 15060563 3308089 865122 641820 223302 9502632 8836155 666477 4747829 STUDENT DEPOSITS 123374 REFUNDABLE ADVANCES 212471 ANNUITY PAYABLE 272081 607926 X 44315136 -2372784 -10780804 -13153588 57468724 -90553 -90553 57378171 24117364 90553 90553 24026811 10779724 10779724 34806535 PART V, LINE 4: ENDOWMENT FUNDS ARE USED FOR A VARIETY OF PURPOSES AND CLASSIFIED ON THE FINANCIAL STATEMENTS AS DONOR AND BOARD RESTRICTED FOR SCHOLARSHIP AND PROGRAM SUPPORT. THE COLLEGE HAS ELECTED TO BASE ITS SPENDING POLICY FOR THE ENDOWMENTS ON A "TOTAL RETURN" APPROACH FOR WHICH THE STIPULATED PERCENTAGE OF 4% OF THE AVERAGE BALANCE OF THE PRECEEDING THREE YEARS WAS APPROVED BY THE BOARD. SPENDING OF $22,500 WAS USED DURING FY25. PART X, LINE 2: TAX POSITIONS ARE RECOGNIZED OR REVERSED BY THE COLLEGE BASED ON A MORE-LIKELY-THAN-NOT THRESHOLD. THIS APPLIES TO POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. THE COLLEGE DOES NOT BELIEVE ITS FINANCIAL STATEMENTS INCLUDE ANY UNCERTAIN TAX POSITIONS. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS -1,080. STUDENT AID NETTED AGAINST REVENUE ON FINANCIALS -9,538,156. INVESTMENT MGT. FEES NETTED AGAINST REVENUE ON FINANCIALS -72,803. NEGATIVE RENTAL INCOME RECLASSED TO EXPENSES -12,850. REVENUE SHARE EXPENSE NETTED AGAINST REVENUE ON FINANCIALS -1,155,915. PART XI, LINE 4B - OTHER ADJUSTMENTS: BOOKSTORE COGS -90,553. PART XII, LINE 2D - OTHER ADJUSTMENTS: BOOKSTORE COGS 90,553. PART XII, LINE 4B - OTHER ADJUSTMENTS: STUDENT AID NETTED AGAINST REVENUE ON FINANCIALS 9,538,156. INVESTMENT MGT. FEES NETTED AGAINST REVENUE ON FINANCIALS 72,803. NEGATIVE RENTAL INCOME RECLASSED TO EXPENSES 12,850. REVENUE SHARE EXPENSE NETTED AGAINST REVENUE ON FINANCIALS 1,155,915. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 THE POLICY APPEARS IN THE COLLEGE'S CATALOG. IT IS ALSO CONSISTENTLY PUBLICIZED IN ALL OF THE COLLEGE'S HUMAN RESOURCES AND RECRUITMENT ACTIVITIES. SCHEDULE E, PART I, LINE 6 THE COLLEGE PARTICIPATES IN A NUMBER OF FEDERAL AID PROGRAMS ADMINISTERED THROUGH THE U.S. DEPARTMENT OF EDUCATION, INCLUDING BUT NOT LIMITED TO THE FOLLOWING PROGRAMS: FEDERAL FAMILY EDUCATION LOAN PROGRAM, FEDERAL PELL GRANT PROGRAM, FEDERAL PERKINS LOAN PROGRAM AND FEDERAL WORK-STUDY PROGRAM. IN ADDITION TO THE FEDERAL PROGRAMS, THE COLLEGE ALSO PARTICIPATES IN THE PENNSYLVANIA STATE DEPARTMENT OF EDUCATION VOCATIONAL EDUCATION PROGRAM. GOLF OUTING 129061 13000 116061 23990 8485 129061 13000 116061 23990 8485 32475 83586 1 GRANTS & SCHOLARSHIPS 1544 9538156 PART I, LINE 2: ALL FUNDS DISTRIBUTED TO STUDENTS ARE DONE SO IN ACCORDANCE WITH THE ORGANIZATION'S ESTABLISHED FINANCIAL AID POLICIES. THE ORGANIZATION PROVIDES SCHOLARSHIPS AND GRANTS BASED ON VARYING AWARD CRITERIA INCLUDING, BUT NOT LIMITED TO, ACADEMIC PERFORMANCE, FINANCIAL NEED AND ESSAYS. SCHOLARSHIPS AND GRANTS RANGE IN NATURE FROM SIBLING AND LEGACY SCHOLARSHIPS TO ATHLETIC AND PROGRAM SPECIFIC AWARDS. THE HARCUM GRANTS AND COMMUNITY BASED SCHOLARSHIPS ARE NEED BASED AND DETERMINED BY THE STUDENT'S EXPECTED FAMILY CONTRIBUTION. ATHLETIC SCHOLARSHIPS ARE AWARDED TO STUDENTS WHO DISPLAY SUPERIOR ATHLETIC ABILITIES. X 1 1 X X X 0 0 0 0 0 0 0 0 0 JON JAY DETEMPLE PRESIDENT, PH.D., MBA 252737 0 0 0 0 0 0 0 69970 0 322707 0 0 0 JULIA INGERSOLL EXECUTIVE VP, CAO & COLLEGE COUNSEL 148842 0 0 0 0 0 0 0 11760 0 160602 0 0 0 PART I, LINE 1A HOUSING WAS PROVIDED TO THE COLLEGE PRESIDENT AS A CONDITION OF HIS EMPLOYMENT AND AS A CONVENIENCE OF THE EMPLOYER. AS SUCH, THE HOUSING ALLOWANCE IS NOT INCLUDED IN HIS TAXABLE COMPENSATION. THE VALUE OF THIS HOUSING BENEFIT WAS $59,500 FOR CALENDAR YEAR 2024. JULIA INGERSOLL WIFE OF OFFICER AT I-LEAD 1155915 JULIA INGERSOLL, THE EXECUTIVE VP CAO & COLLEGE COUNSEL, IS MARRIED TO THE CEO OF INSTITUTE OF LEADERSHIP EDUCATION, ADVANCEMENT, & DEVELOPMENT (I-LEAD). THE COLLEGE SHARES 35% OF FEDERAL AID AND CASH PAYMENTS DERIVED FROM THE PARTNERSHIP SITE PROGRAM WITH I-LEAD. TRANSACTIONS WITH I-LEAD ARE AT ARM'S LENGTH. 1 JON JAY DETEMPLE II SON OF THE COLLEGE'S PRESIDENT, AN ATHLETIC DIRECTOR 70907 JON JAY DETEMPLE II IS AN EMPLOYEE AS IS HIS FATHER, JON JAY DETEMPLE, THE COLLEGE'S PRESIDENT. JON JAY II'S SALARY AND BENEFITS ARE BEING REPORTED. JON JAY DETEMPLE II DOES NOT REPORT TO JON JAY DETEMPLE NOR DOES JON JAY DETEMPLE PARTICIPATE IN SALARY DISCUSSIONS RELATED TO JON JAY II. 0 FORM 990, PART VI, SECTION A, LINE 2 THE EXECUTIVE VICE PRESIDENT, CAO & COLLEGE COUNSEL AND THE CRIMINAL JUSTICE PROGRAM DIRECTOR HAVE A FAMILY RELATIONSHIP. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS DISTRIBUTED EITHER IN PERSON OR ELECTRONICALLY TO ALL BOARD MEMBERS FOR REVIEW AND COMMENT AFTER THE FORM HAS BEEN REVIEWED BY THE FINANCE COMMITTEE AND MANAGEMENT AND PRIOR TO FILING. ALL COMMENTS ARE TAKEN INTO CONSIDERATION PRIOR TO FILING THE FORM 990. FORM 990, PART VI, SECTION B, LINE 12C THE OFFICERS AND BOARD MEMBERS ARE REQUIRED TO COMPLETE A CONFLICT OF INTEREST DISCLOSURE ANNUALLY. FAMILY AND BUSINESS RELATIONSHIPS ARE SPECIFICALLY MENTIONED IN THE POLICY AS HAVING POTENTIAL FOR CONFLICTS OF INTEREST. THE DISCLOSURES ARE REVIEWED ANNUALLY BY THE BOARD. TRUSTEES AND DESIGNATED EMPLOYEES WHO ARE DEEMED TO BE IN A CONFLICT OF INTEREST SITUATION WITH RESPECT TO ANY MATTER BEFORE THE ADMINISTRATION OR THE BOARD SHALL REFRAIN FROM PARTICIPATING IN THE CONSIDERATION OF THE PROPOSED TRANSACTION, UNLESS SPECIFICALLY REQUESTED TO PROVIDE INFORMATION REGARDING THE TRANSACTION IN QUESTION. SUCH PERSON SHALL NOT VOTE ON OR TAKE ANY POSITION FOR OR AGAINST THE PROPOSED TRANSACTION. WHEN DEEMED APPROPRIATE, A NOTATION MAY BE MADE IN THE MINUTES OF THE MEETING THAT THE PERSON INVOLVED NEITHER PARTICIPATED IN THE CONSIDERATION OF THE PROPOSED TRANSACTION NOR VOTED ON THE MATTER. FORM 990, PART VI, SECTION B, LINE 15A THE COMPENSATION OF THE PRESIDENT IS DETERMINED BY AN INDEPENDENT COMMITTEE OF THE BOARD BASED ON COMPARABLE ROLES AND OTHER MARKETPLACE TRENDS AND PRACTICES. THE PRESIDENT'S EVALUATION AND COMPENSATION ARE DISCUSSED IN THE BOARD OF TRUSTEES' EXECUTIVE SESSION. ALTHOUGH A MEMBER OF THE BOARD OF TRUSTEES, THE PRESIDENT RECUSES HIMSELF FROM THE DISCUSSION. FORM 990, PART VI, SECTION C, LINE 19 THE COLLEGE WILL PROVIDE ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, FINANCIAL STATEMENTS, AND TAX RETURNS UPON IN PERSON, VERBAL OR WRITTEN REQUESTS. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS -1,080.