2026-04-14T16:36:07+00:00 2025-05-31 135381590 BDO USA 421 FAYETTEVILLE ST STE 300 RALEIGH NC 276011776 990 2024-06-01 231352615 ALBRIGHT COLLEGE ALBR 6109217749 13TH BERN STREETS PO BOX 15234 READING PA 196125234 DEBRA TOWNSLEY PRESIDENT 6109217749 2026-04-14 true SANDRA L FEINSMITH P01064157 9197549370 2026-04-14 2024 2025-03-06 01:10:19Z DEBRA TOWNSLEY 13TH BERN STREETS PO BOX 15234 READING PA 196125234 100779972 false X WWW.ALBRIGHT.EDU X 1928 PA PROMOTING A COMMITMENT TO LIFELONG LEARNING WITH A FOUNDATION IN THE LIBERAL ARTS. 22 21 941 60 404777 52861 5539839 16217004 50573565 47138944 3832703 21700918 1741391 619593 61687498 85676459 20687034 19958302 0 0 28914990 22241458 0 0 2206079 34777067 36894257 84379091 79094017 -22691593 6582442 224581987 204201624 153166555 128362147 71415432 75839477 AS A DIVERSE COMMUNITY OF LEARNERS, WE CULTIVATE INTEGRITY, CURIOSITY, CONNECTION AND RESILIENCE. false false 68226157 19958302 47138944 NAMED A TOP NATIONAL COLLEGE BY U.S. NEWS & WORLD REPORT, ALBRIGHT COLLEGE, READING, PA., (FOUNDED 1856) IS HOME TO ENGAGING FACULTY WHO BELIEVE THAT THE BEST ACADEMIC MOMENTS ARE WHEN STUDENTS FEEL INSPIRED AND READY TO TAKE ACTION. THE COLLEGE'S DISTINCTIVE CO-MAJOR PROGRAM ENABLES STUDENTS TO CROSS OR COMBINE DIFFERENT AREAS OF STUDY, WITHOUT TAKING LONGER TO GRADUATE. STUDY ALONGSIDE UNDERGRADUATE STUDENTS, ADULT LEARNERS AND GRADUATE STUDENTS, AND IGNITE YOUR SPARK AT ALBRIGHT COLLEGE. ALBRIGHT FACULTY BELIEVE THAT THE BEST ACADEMIC MOMENTS ARE WHEN STUDENTS FEEL INSPIRED AND READY TO TAKE ACTION. THE ALBRIGHT EXPERIENCE IS DESIGNED TO SPARK EACH STUDENT'S VISION FOR A MEANINGFUL FUTURE SO THAT THEY GRADUATE READY TO MAKE AN IMPACT ON OUR RAPIDLY CHANGING WORLD. STUDENTS ARE ENCOURAGED TO FORGE THEIR OWN PATH THROUGH STUDENT-DRIVEN LEARNING EXPERIENCES AND FOCUS THEIR FLAME BY CONNECTING YOUR PASSIONS IN FACULTY-LED EXPERIENCES. MORE THAN HALF OF ALBRIGHT STUDENTS TAKE ADVANTAGE OF THE COLLEGE'S DISTINCTIVE CO-MAJOR PROGRAM, WHICH ENABLES STUDENTS TO CROSS OR COMBINE DIFFERENT PROGRAMS, WITHOUT TAKING LONGER TO GRADUATE. IN ADDITION TO FACULTY MENTORS AND ALBRIGHT'S CAREER CENTER PROFESSIONALS, EACH STUDENT IS ASSIGNED A PERSONAL FOUR-YEAR SUCCESS COACH TO HELP THEM NAVIGATE COLLEGE AND STAY ON TRACK. AT ALBRIGHT, STUDENTS LEARN TO ASK QUESTIONS, THINK CREATIVELY, DEVELOP INNOVATIVE IDEAS AND SOLVE PROBLEMS. THEY ARE PREPARED TO BECOME AGENTS FOR CHANGE/SPARKS IN THE WORLD. ALBRIGHT IS A SUPPORTIVE, 24/7 RESIDENTIAL COMMUNITY WITH MORE THAN 70 STUDENT GROUPS, HONOR SOCIETIES, CLUBS, GREEK LIFE AND A VARIETY OF AFFINITY HOUSES - ALL OFFERING OPPORTUNITIES FOR LEADERSHIP AND SERVICE. MORE THAN A THIRD OF UNDERGRADUATES PARTICIPATE ON ALBRIGHT'S DIVISION III ATHLETIC TEAMS FOR WHICH THE QUALITY OF THE EDUCATIONAL EXPERIENCE AND SUCCESSFUL DEGREE COMPLETION ARE PRIORITIES. ALBRIGHT ALSO OFFERS ONLINE BACHELOR'S AND MASTER'S DEGREE PROGRAMS, CERTIFICATES AND PROFESSIONAL DEVELOPMENT FOR EDUCATORS. DESIGNED TO IGNITE THE SPARK OF FUTURE TEACHERS THROUGH PERSONALIZED LEARNING, ALBRIGHT COLLEGE'S NEW SCHOOL OF EDUCATIONAL INNOVATION OFFERS A RANGE OF DEEPLY EXPERIENTIAL EDUCATION DEGREES, ALL OF WHICH INCORPORATE THE GROUNDBREAKING TOTAL EXPERIENCE LEARNING METHODOLOGY, AVAILABLE ONLY AT ALBRIGHT. ALBRIGHT HAS BEEN RECOGNIZED AS ONE OF THE TOP COLLEGES IN THE COUNTRY FOR ITS SUCCESS IN ENROLLING AND SEEING ECONOMICALLY-DISADVANTAGED STUDENTS THROUGH TO GRADUATION. AFTER GRADUATION, MEDIAN INCOME LEVELS OF ALBRIGHT ALUMNI OUTPACE THE EARNINGS OF GRADUATES FROM MOST OTHER PRIVATE AND PUBLIC COLLEGES. 53% PERSONALIZE DEGREES | 83% LIVE ON CAMPUS | 41% OUT-OF-STATE STUDENTS | 97% RECEIVE FINANCIAL AID | 48% NON-WHITE | 33% STUDENT-ATHLETES | 12:1 STUDENT-FACULTY RATIO | 150+ PERSONALIZED COMBINATION OF MAJORS. RECENT ACCOLADES INCLUDE: TOP NATIONAL LIBERAL ARTS COLLEGE U.S. NEWS & WORLD REPORT TOP 31 IN NATION ON SOCIAL MOBILITY U.S. NEWS & WORLD REPORT BEST COLLEGES FOR CAREER DEVELOPMENT COLLEGES OF DISTINCTION BEST MID-ATLANTIC COLLEGES PRINCETON REVIEW BEST LIBERAL ARTS COLLEGES WASHINGTON MONTHLY BEST BANG FOR THE BUCK WASHINGTON MONTHLY GRADS EARN HIGH ROI GEORGETOWN STUDY 90% MED SCHOOL ACCEPTANCE RATE 90% LAW SCHOOL ACCEPTANCE RATE 68226157 true true false false false false false true false true true false false true true true false true true false true false false false true false false false true true true false false false false false false false false false false true false false false false true true true false false true X 2099 0 true 941 true true true true CS GK false false false true true false false false false false false X 22 21 false true false false false false false true true false false false true true true true true true true true false false PA X LAWRENCE BOMBACK INTERIM VP OF FINANCECFO 6109217749 13TH BERN STREETS PO BOX 15234 READING PA 196125234 Bjorn Reigle Vice Chair 1.0 0.0 X X 0 0 0 Debra Townsley President 40.0 0.0 X X 187500 0 442 Ronald Scheese Chair 1.0 0.0 X X 0 0 0 Tiffenia D Archie Secretary 1.0 0.0 X X 0 0 0 Charnita Zeigler-Johnson PHD Trustee 1.0 0.0 X 0 0 0 Daniel B Huyett ESQ Trustee 1.0 0.0 X 0 0 0 Dwight Davis MDIV Trustee 1.0 0.0 X 0 0 0 John Schultz ESQ Trustee 1.0 0.0 X 0 0 0 Jorge J Scheirer MD Trustee 1.0 0.0 X 0 0 0 Josephine A Gruber Trustee 1.0 0.0 X 0 0 0 Karen A Marrongelle PHD Trustee 1.0 0.0 X 0 0 0 Kristine Hazzard Trustee 1.0 0.0 X 0 0 0 Michael H Reese Trustee 1.0 0.0 X 0 0 0 Nancy G Shores JD Trustee 1.0 0.0 X 0 0 0 Patricia F Shermot CME CUDE Trustee 1.0 0.0 X 0 0 0 Robin M Hynicka MDIV Trustee 1.0 0.0 X 0 0 0 Scott Keaton CPA Trustee 1.0 0.0 X 0 0 0 Scott Rehr Trustee 1.0 0.0 X 0 0 0 Susannah B Truitt Trustee 1.0 0.0 X 0 0 0 Suzanne E Anderson MED PC Trustee 1.0 0.0 X 0 0 0 Tami Correll Pinchiaroli Trustee 1.0 0.0 X 0 0 0 Yamil Sanchez Rivera Trustee 1.0 0.0 X 0 0 0 Brenda Ingram-Wallace VP of Student and Campus Life 40.0 0.0 X 173120 0 19789 Caryn Stopper VP of Enrollment Management 40.0 0.0 X 170022 0 21812 Karen Campbell VP of Professional Studies 40.0 0.0 X 163250 0 21189 Thomas A Chaves VP of Advancement 40.0 0.0 X 198587 0 21394 Guillaume DeSyon Professor of History 40.0 0.0 X 109226 0 4729 Lisa Wilder Dean of Professional Studies 40.0 0.0 X 122307 0 24553 Michael D'Errico Associate Professor of Music 40.0 0.0 X 112319 0 26685 Rick O'Leary AVP of Facilities 40.0 0.0 X 110238 0 22861 Rodney Warfield Professor of Education 40.0 0.0 X 124331 0 15765 Jacquelyn S Fetrow PHD President 40.0 0.0 X 441587 0 12064 1912487 0 191283 23 true true false DYNAMIC CAMPUS SOLUTIONS 2806 FLINTROCK TRACE SUITE A205 AUSTIN TX 78738 IT SERVICES 3986078 ARAMARK CORPORATION 131 S DEARBORN 6TH FL CHICAGO IL 60603 FOOD SERVICE PROVIDER 3658207 KOZLOFF STOUDT PC 2640 WESTVIEW DRIVE WYOMISSING PA 19610 LEGAL SERVICES 379740 SAUL EWING LLP 1500 MARKET STREET FLOOR 38 PHILADELPHIA PA 19102 LEGAL SERVICES 356554 NEW CASTLE LAWN AND LANDSCAPE 3 E POINTE DRIVE BIRDSBORO PA 19508 LANDSCAPING 335159 21 35600 6043313 10138091 277879 16217004 TUITION AND FEES 611710 34086936 34086936 AUX ENT - ROOM AND BOARD 721310 12428655 12428655 AUX ENT - OTHER PROGRAM INCOME 611710 616754 616754 STUDENT LOAN INTEREST AND FEES 611710 6599 6599 0 0 0 0 47138944 2807431 149760 2657671 247925 247925 0 0 16220000 17777000 13280974 1822539 2939026 15954461 18893487 18893487 0 35600 0 0 0 CONFERENCE ACCOMMODATIONS 721000 178976 178976 other revenue 900099 116651 116651 ATHLETICS AND AQUATICS PROGAM 713940 76041 76041 0 0 0 0 371668 85676459 47138944 404777 21915734 19958302 19958302 0 0 1431026 377348 833427 220251 16141634 13613610 1565488 962536 767639 596774 121791 49074 2619498 2070626 396623 152249 1281661 996382 203344 81935 894890 894890 50775 50775 38343 38343 6965358 4193187 2458517 313654 116615 2205 2795 111615 758420 642175 110595 5650 640813 167823 445872 27118 5924830 5425136 421144 78550 292678 275907 16018 753 4716242 4305128 354221 56893 9624789 8952016 555350 117423 1127240 1058197 56993 12050 FOOD SERVICES 3694170 3694170 0 0 EMPLOYEE/STUDENT EXPENSES 1117887 1056495 61392 0 RECRUITMENT 523666 523666 0 0 MISCELLANEOUS 407541 317010 74203 16328 0 0 0 0 79094017 68226157 8661781 2206079 143537 811346 6943004 5949752 1399032 1161522 765978 4031621 0 0 0 0 0 0 222059 222058 1260792 1599575 190463103 124501440 72076075 65961663 39893811 35940349 14788582 7269706 1055743 854450 70930643 66494855 15102731 13904727 224581987 204201624 8030858 3601547 1589549 907131 4541562 2437917 38243519 29377511 0 0 0 0 16816621 16816621 4377600 0 79566846 75221420 153166555 128362147 X -17239946 -16436000 88655378 92275477 71415432 75839477 224581987 204201624 X 6582442 -1966685 -217000 25288 X false true true true true X 11946403 16593250 8167632 5539839 16217004 58464128 0 0 11946403 16593250 8167632 5539839 16217004 58464128 0 58464128 2949827 4696527 2742330 3693787 3055356 17137827 53861 53861 271857 449886 760720 519926 116651 2119040 77774856 241140835 0.75171 0.71720 X Schedule A, Part II, Line 10 Other Income DESCRIPTION - ALL OTHER REVENUE, COLUMN A - 271857.0, COLUMN B - 449886.0, COLUMN C - 760720.0, COLUMN D - 519926.0, COLUMN E - 116651.0, COLUMN F - 2119040.0; RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X X false 53033206 403000 440000 0 10451000 43425206 53599717 1291489 4242000 0 6100000 53033206 63837604 1245932 -960716 1894574 8628529 53599717 67451163 1103537 -1304686 2113872 1298538 63837604 54844527 767565 16517631 2455375 2223185 67451163 0.1619 0.8356 0.0025 true false 4745375 4745375 125691056 72805371 52885685 1320425 478109 842316 46270277 42034349 4235928 12435970 9183611 3252359 65961663 ASSETS HELD IN TRUST BY OTHERS 13859210 OTHER RECEIVABLES 45517 OTHER ASSETS DUE FROM ALBRIGHT COLLEGE COSTA RICA 13904727 Federal Income Taxes EARLY RETIREMENT 117045 POST RETIREMENT HEALTHCARE BENEFITS 5082 CHARITABLE GIFT ANNUITY CONTRACT LIABILITY 587294 STUDENT DEPOSITS AND ADVANCE PAYMENTS 1641467 DEPOSITS HELD FOR OTHERS 1158202 LEASE LIABILITIES 71712330 OUTSTANDING CHECKS 75221420 X 63738417 -1966685 -19971357 -21938042 85676459 0 0 85676459 59097372 0 0 59097372 19996645 19996645 79094017 Schedule D, Part III, Line 1a Collections of art - financial statement footnote THE COLLEGE DOES NOT ASSIGN VALUES TO COLLECTION ITEMS. COLLECTION ITEMS ARE GENERALLY HELD FOR EDUCATIONAL PURPOSES AND ARE NOT DISPOSED OF FOR FINANCIAL GAIN OR OTHERWISE ENCUMBERED IN ANY MANNER. Schedule D, Part III, Line 4 Collections of art - description of collections ALBRIGHT COLLEGE MAINTAINS A DIVERSE COLLECTION OF TWO AND THREE DIMENSIONAL WORKS OF ART ACROSS THE CAMPUS. THE MAJORITY OF THE WORKS OF ART ARE ORIGINAL PRINTS AND PHOTOGRAPHS FROM THE 1960S UP TO THE 1990S, WITH AN EMPHASIS ON WORKS BY AMERICAN ARTISTS. ALL WORKS OF ART ARE AVAILABLE FOR STUDY AND RESEARCH BY STUDENTS, FACULTY, STAFF, AND THE GENERAL PUBLIC. EXHIBITIONS AND EDUCATIONAL PROGRAMS ARE DEVELOPED AROUND VARIOUS ASPECTS OF THE WORKS OF ART FOR THE CAMPUS AND THE GENERAL PUBLIC. SOME EDUCATIONAL PROGRAMS ARE DEVELOPED SPECIFICALLY FOR K-12 SCHOOL GROUPS AND ADULTS FROM THE REGION IN THE FREEDMAN GALLERY, WHILE OTHER PROGRAMS AND WORKS OF ART ARE TAKEN DIRECTLY TO OFFSITE EDUCATIONAL INSTITUTIONS. WORKS OF ART ARE FREQUENTLY TAKEN INTO CLASSES FOR LECTURES AND TRAINING PURPOSES. MANY OF THE WORKS OF ART ARE AVAILABLE FOR USE BY OTHER EDUCATIONAL INSTITUTIONS. ALL WORKS OF ART ARE HANDLED BY SPECIFICALLY TRAINED STAFF AND STUDENTS. Schedule D, Part V, Line 4 Intended uses of endowment funds THE ENDOWMENT FUNDS ARE INTENDED TO BE USED TO SUPPORT STUDENT FINANCIAL AID, INSTRUCTION AND OTHER COLLEGE OPERATIONS. Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote The College qualifies as a tax-exempt, nonprofit organization under Section 501(c)(3) of the Internal Revenue Code. Accordingly, there is no provision for federal or state income taxes. North Thirteenth Street, Inc. is an inactive, for-profit corporation and would be subject to income taxes. Albright College Costa Rica is a foreign nonprofit corporation and is not subject to federal and state income taxes. Management has determined that any income tax liability resulting from unrelated business income for the years ended May 31, 2025 and 2024 would not have a significant impact on the College's results of activities. Schedule D, Part XI, Line 2(d) Other revenues in audited financial statements not in form 990 STUDENT AID - -19958302 CHANGE IN VALUE OF ANNUITY CONTRACT AGREEMENTS - 25288 INVESTMENT EXPENSES - -38343 Schedule D, Part XII, Line 4(b) Other expenses in form 990 not in audited financial statements STUDENT AID - 19958302 INVESTMENT EXPENSES - 38343 true true false true true true true false false false false false false false false true false true Schedule E, Part I, Line 3 RACIALLY NONDISCRIMINATORY POLICY ALBRIGHT COLLEGE HAS SATISFIED THE PUBLICITY REQUIREMENT OF IRS REVENUE PROCEDURE 75-50, 1975-2 C.B. 587 SECTION 4.03 BY COMPLYING WITH SECTION 4.02. THE COLLEGE DRAWS A SUBSTANTIAL PERCENTAGE OF ITS STUDENTS NATIONWIDE AND FROM A LARGE GEOGRAPHIC AREA AND ENROLLS MINORITY STUDENTS IN MEANINGFUL NUMBERS, AND, THEREFORE, MEETS THE CONDITION IN SECTION 4.03 - 2(B). THE COLLEGE'S NONDISCRIMINATORY POLICY IS CONTAINED IN ITS SOLICITATION LITERATURE. Schedule E, Part I, Line 6(a) FINANCIAL AID OR ASSISTANCE FROM A GOVERNMENT ALBRIGHT COLLEGE PARTICIPATES IN STUDENT FINANCIAL AID ASSISTANCE PROGRAMS OF VARIOUS FEDERAL AND STATE GOVERNMENTAL AGENCIES. FEDERAL PROGRAMS INCLUDE THE PELL GRANT PROGRAM, SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANT (SEOG) PROGRAM, FEDERAL WORK STUDY (FWS) PROGRAM, AND THE FEDERAL DIRECT STUDENT LOAN PROGRAM. STATE PROGRAMS FOR STUDENTS INCLUDE THE PENNSYLVANIA STATE GRANT PROGRAM, MATCHING FUNDS PROGRAMS, CHAFFEE EDUCATION AND TRAINING GRANT PROGRAM, EDUCATIONAL ASSISTANCE PROGRAM (EAP) FOR NATIONAL GUARD MEMBERS, FOSTERING INDEPENDENCE THROUGH EDUCATION TUITION WAIVER (FOSTER ED) PROGRAM, AND THE PARTNERSHIPS FOR ACCESS TO HIGHER EDUCATION (PATH) PROGRAM. THE STATE GRANT PROGRAMS ARE ADMINISTERED BY THE PENNSYLVANIA HIGHER EDUCATION ASSISTANCE AGENCY (PHEAA). IN ADDITION, THE COLLEGE IS AWARDED SPONSORED RESEARCH AND OTHER PROJECT GRANTS BY VARIOUS LOCAL, STATE, AND FEDERAL AGENCIES, INCLUDING THE NATIONAL SCIENCE FOUNDATION (NSF) AND NATIONAL INSTITUTES OF HEALTH (NIH). IN OCTOBER 2018, THE COLLEGE WAS AWARDED A TITLE III GRANT BY THE U.S. DEPARTMENT OF EDUCATION. GENERAL SUPPORT IS PROVIDED TO ALBRIGHT COLLEGE BY THE COMMONWEALTH OF PENNSYLVANIA UNDER ITS INSTITUTIONAL ASSISTANCE GRANT (IAG) PROGRAM TO PRIVATE COLLEGES AND UNIVERSITIES IN THE STATE. Central America and the Caribbean 0 0 Investments 42565 0 0 0 0 0 0 42565 0 42565 true false true true true false Schedule F, Part I, Line 3 Method used to account for expenditures on org's financial statements CENTRAL AMERICA AND THE CARIBBEAN-Accrual Schedule F, Part V Schedule F, Part IV, Line 3 - FORM 5471 FILING REQUIREMENT THE ORGANIZATION HAS 100% OWNERSHIP IN A FOREIGN CORPORATION AND FILES A FORM 5471 FOR THIS INVESTMENT. Schedule F, Part V Schedule F, Part IV, Line 5 - FORM 8865 AND 8621 FILING REQUIREMENTS THE ORGANIZATION HAS INVESTMENTS IN FOREIGN PARTNERSHIPS BUT ITS PERCENTAGE OF OWNERSHIP DOES NOT EXCEED THE THRESHOLD FOR THE FILING OF FORM 8865. THE ORGANIZATION HAS INDIRECT INVESTMENTS IN PFICS BUT DOES NOT HAVE A REQUIREMENT TO FILE FORM 8621. Red & White Golf Outing 35600 35600 0 0 0 35600 35600 0 true OTHER SCHOLARSHIPS, GRANTS AND AWARDS 1016 11962146 PRESIDENTIAL/PROVOST SCHOLARSHIP 361 3367244 TRUSTEE GRANTS 388 1808648 ENDOWED SCHOLARSHIPS 186 1262597 EUGENE SHIRK SCHOLARSHIP 91 965142 FOREIGN STUDENT SCHOLARSHIPS 32 362600 ACADEMIC TALENT GRANT 72 155550 SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANTS 142 66799 ADVLIVESSUPP SCHOLARSHIP 4 3900 COMMUNITY COLLEGE ACHIEVEMENT SCHOLARSHIP 8 3676 Schedule I, Part I, Line 2 Procedures for monitoring use of grant funds THE COLLEGE MAKES GRANTS TO STUDENTS BASED UPON FINANCIAL NEED AND ACADEMIC EXCELLENCE. THE SELECTION OF GRANT RECIPIENTS IS MADE BASED UPON OBJECTIVE CRITERIA. NO ONE IS DISCRIMINATED AGAINST BASED UPON RACE, RELIGION, GENDER, ETHNIC BACKGROUND, AGE, HANDICAP OR ANY OTHER REASON. THE FINANCIAL AID DEPARTMENT ASSESSES AND MONITORS THE ELIGIBILITY AND AWARDING OF GRANTS AND SCHOLARSHIPS TO STUDENTS. IT IS ASSISTED IN ITS ON-GOING REVIEW BY THE RESOURCES OF THE REGISTRAR AND STUDENT ACCOUNTS DEPARTMENTS. X true true X X X X false false false false false false false false false Jacquelyn S Fetrow PHD President 171587 0 100000 0 170000 0 0 0 12064 0 453651 0 0 0 Debra Townsley President 187500 0 0 0 0 0 0 0 442 0 187942 0 0 0 Thomas A Chaves VP of Advancement 198587 0 0 0 0 0 0 0 21394 0 219981 0 0 0 Brenda Ingram-Wallace VP of Student and Campus Life 173120 0 0 0 0 0 0 0 19789 0 192909 0 0 0 Caryn Stopper VP of Enrollment Management 170022 0 0 0 0 0 0 0 21812 0 191834 0 0 0 Karen Campbell VP of Professional Studies 163250 0 0 0 0 0 0 0 21189 0 184439 0 0 0 Schedule J, Part I, Line 1a Housing allowance or residence for personal use HOUSING ALLOWANCE OR RESIDENCE FOR PERSONAL USE: A COLLEGE-OWNED HOUSE IS PROVIDED AS A RESIDENCE FOR THE PRESIDENT AND FAMILY. THE COLLEGE-OWNED HOUSING IS NOT TREATED AS A TAXABLE BENEFIT TO THE PRESIDENT SINCE IT MEETS THE DEFINITION OF 'QUALIFIED CAMPUS LODGING' UNDER INTERNAL REVENUE CODE SECTION 119(D). A THE BERKS COUNTY MUNICIPAL AUTHORITY 263664730 000000000 2017-07-03 10000000 ACQUIRE PROPERTY & REFUND ISSUE - 9/2/14 false false false B THE BERKS COUNTY MUNICIPAL AUTHORITY 236647630 000000000 2017-08-01 10000000 REFUND PRIOR ISSUE - 12/30/2013 false false false C THE BERKS COUNTY MUNICIPAL AUTHORITY 236647630 000000000 2017-08-01 10000000 REFUND PRIOR ISSUE - 12/30/2013 false false false D THE BERKS COUNTY MUNICIPAL AUTHORITY 236647630 000000000 2017-08-01 5500000 REFUND PRIOR ISSUE - 12/30/2013 false false false A 122238132 10000000 176524 2484452 7339024 2017 true false true true B 2647690 10000000 10000000 2010 true false true true C 2647690 10000000 10000000 2010 true false true true D 1358136 5500000 5500000 2010 true false true true A false false true true false false 0.008 0.0 0.008 false false 0 false true B false false true true false false 0.006 0.0 0.006 false false 0 false true C false false true true false false 0.006 0.0 0.006 false false 0 false true D false false true true false false 0.006 0.0 0.006 false false 0 false true A false false true true true false 0 false false false 0 false false true B false false true true true false 0 false false false 0 false false true C false false true true true false 0 false false false 0 false false true D false false true true true false 0 false false false 0 false false true A true B true C true D true Schedule K, Part IV, Line 2c REBATE COMPUTATIONS NOTE REGARDING THE REBATE COMPUTATIONS ON 1/3/2018 AND 2/1/2018: SINCE THE BOND PROCEEDS HAVE BEEN SPENT, A SPENDING EXCEPTION HAS BEEN MET, AND THE DEBT SERVICE FUND WAS OPERATED ON A BONA FIDE BASIS, NO FURTHER REBATE CALCULATIONS ARE NECESSARY. Schedule K, Part II, Line 3 TOTAL PROCEEDS OF ISSUE THE TOTAL PROCEEDS DO NOT AGREE TO THE ISSUE PRICE IN PART I, COLUMN (E) DUE TO INVESTMENT EARNINGS. Schedule K, Part IV, Line 2c COLUMN A Issuer name: THE BERKS COUNTY MUNICIPAL AUTHORITY The calculation for computing no rebate due was performed on 01/03/2018 Schedule K, Part IV, Line 2c COLUMN B Issuer name: THE BERKS COUNTY MUNICIPAL AUTHORITY The calculation for computing no rebate due was performed on 02/01/2018 Schedule K, Part IV, Line 2c COLUMN C Issuer name: THE BERKS COUNTY MUNICIPAL AUTHORITY The calculation for computing no rebate due was performed on 02/01/2018 Schedule K, Part IV, Line 2c COLUMN D Issuer name: THE BERKS COUNTY MUNICIPAL AUTHORITY The calculation for computing no rebate due was performed on 02/01/2018 A WERNERSVILLE MUNICIPAL AUTHORITY 231627474 000000000 2017-12-20 3430000 ACQUIRE PROPERTY & REFUND ISSUE false false false A 508120 3468217 53722 3414495 2020 false false true true A false false false false false false 0.0 0.0 0.0 false false 0 false true A false false true false true false 0 false false false 0 false false true A true X 350 Market value X 495 Market value 18 277034 Market value 0 false true true Schedule M, Part I, Line 32b Third parties used to solicit, process, or sell noncash contributions Stock gifts are sent to our investment account where our third party investment management team will sell the stock and convert to cash contributions within the investment accounts. Schedule M, Part I Explanations of reporting method for number of contributions Clothing and household goods - Number of Contributions Books and publications - Number of Contributions Securities - Publicly traded - Number of Contributions Form 990, Part VI, Line 15 PROCESS TO ESTABLISH COMPENSATION THE PRESIDENT IS THE COLLEGE'S CHIEF EXECUTIVE OFFICER. ARTICLE V OF THE BOARD OF TRUSTEES' BYLAWS REQUIRES THAT THE PRESIDENT, IN CONJUNCTION WITH THE COMPENSATION COMMITTEE, DEVELOP ANNUAL PERFORMANCE OBJECTIVES FOR APPROVAL BY THE FULL BOARD. IT FURTHER REQUIRES THAT THE COMPENSATION COMMITTEE DETERMINE THE PRESIDENT'S COMPENSATION BASED ON THE ANNUAL PERFORMANCE ASSESSMENT AND REPORT SUCH FOR APPROVAL BY THE BOARD OF TRUSTEES. THE COMPENSATION OF OTHER OFFICERS (VICE-PRESIDENTS) AND ANNUAL PERFORMANCE ASSESSMENTS ARE THE RESPONSIBILITY OF THE PRESIDENT. ON AN ANNUAL BASIS, THE COLLEGE USES THE DATA PROVIDED TO REVIEW EXECUTIVE COMPENSATION LEVELS THROUGH PARTICIPATION IN THEIR EXECUTIVE COMPENSATION SURVEY FOR COLLEGES AND UNIVERSITIES. THESE SURVEYS GIVE COMPARATIVE DATA, INCLUDING SALARIES FOR EXECUTIVE LEVEL OFFICIALS (PRESIDENT AND VICE-PRESIDENTS), TO ENSURE THAT COMPENSATION DOES NOT EXCEED FAIR MARKET VALUE. THE PRESIDENT, IN CONCERT WITH THE DIRECTOR OF HUMAN RESOURCES, IS RESPONSIBLE FOR REVIEWING AND ESTABLISHING ONGOING SALARY LEVELS FOR THE RESPECTIVE VICE-PRESIDENTS. MINUTES ARE KEPT OF ALL BOARD OF TRUSTEE MEETINGS AND COMMITTEE MEETINGS, INCLUDING THE COMPENSATION COMMITTEE. WITH REGARD TO VICE-PRESIDENTS, PERFORMANCE ASSESSMENTS AND EVALUATIONS ARE DOCUMENTED IN THEIR RESPECTIVE PERSONNEL FILES. Form 990, Part VI, Line 3 Delegation of management duties THE COLLEGE ENGAGES ARAMARK CORPORATION TO PROVIDE FOOD SERVICES FOR THE COLLEGE COMMUNITY. BRIGHT HORIZONS FAMILY SOLUTIONS OPERATES THE ALBRIGHT EARLY LEARNING CENTER. Form 990, Part VI, Line 11b Review of form 990 by governing body THE INITIAL REVIEW IS PERFORMED BY THE COLLEGE'S FINANCE DEPARTMENT. ONCE MANAGEMENT IS SATISFIED, THE FORM 990 IS DISTRIBUTED TO THE AUDIT COMMITTEE OF THE BOARD OF TRUSTEES FOR REVIEW. FOLLOWING THAT REVIEW, A COMPLETE COPY OF THE RETURN IS POSTED ON THE BOARD OF TRUSTEES' INTRANET SITE FOR THE FULL BOARD'S ACCESS PRIOR TO FILING WITH THE IRS. Form 990, Part VI, Line 12c Conflict of interest policy ARTICLE XI, CONFLICT OF INTEREST OF THE BOARD OF TRUSTEES' BYLAWS REQUIRES ALL OF THE COLLEGE'S TRUSTEES AND OFFICERS TO SIGN A "CONFLICT OF INTEREST DISCLOSURE STATEMENT" ANNUALLY ACKNOWLEDGING HIS OR HER AFFIRMATIVE DUTY TO DISCLOSE CONFLICTS OF INTEREST, AND/OR POTENTIAL CONFLICTS OF INTEREST. THE BOARD OF TRUSTEES' TRUSTEESHIP AND GOVERNANCE COMMITTEE ROUTINELY REVIEWS AND DISCUSSES POTENTIAL CONFLICTS OF INTEREST AND THE ANNUAL STATEMENTS. THE COLLEGE WILL NOT TRANSACT BUSINESS WITH ANY ENTITY IN WHICH A TRUSTEE AND/OR OFFICER HAS AN INTEREST UNLESS SUCH INTEREST IS APPROPRIATELY DISCLOSED; THE INTERESTED TRUSTEE/OFFICER ABSTAINS FROM DELIBERATION OR VOTING ON THE MATTER; AND THE ACTION OR TRANSACTION IS DOCUMENTED CLEARLY IN THE BEST INTEREST OF THE COLLEGE. THE POLICY EXPLICITLY ADDRESSES THE RESPONSIBILITY TO DISCLOSE CONFLICTS OF INTEREST ASSOCIATED WITH FAMILY MEMBERS AND BUSINESSES. Form 990, Part VI, Line 15a Process to establish compensation of top management official THE PRESIDENT IS THE COLLEGE'S CHIEF EXECUTIVE OFFICER. ARTICLE V OF THE BOARD OF TRUSTEES' BYLAWS REQUIRES THAT THE PRESIDENT, IN CONJUNCTION WITH THE COMPENSATION COMMITTEE, DEVELOP ANNUAL PERFORMANCE OBJECTIVES FOR APPROVAL BY THE FULL BOARD. IT FURTHER REQUIRES THAT THE COMPENSATION COMMITTEE DETERMINE THE PRESIDENT'S COMPENSATION BASED ON THE ANNUAL PERFORMANCE ASSESSMENT AND REPORT SUCH FOR APPROVAL BY THE BOARD OF TRUSTEES. THE COMPENSATION OF OTHER OFFICERS (VICE-PRESIDENTS) AND ANNUAL PERFORMANCE ASSESSMENTS ARE THE RESPONSIBILITY OF THE PRESIDENT. Form 990, Part VI, Line 15b Process to establish compensation of other employees ON AN ANNUAL BASIS, THE COLLEGE USES THE DATA PROVIDED TO REVIEW EXECUTIVE COMPENSATION LEVELS THROUGH PARTICIPATION IN THEIR EXECUTIVE COMPENSATION SURVEY FOR COLLEGES AND UNIVERSITIES. THESE SURVEYS GIVE COMPARATIVE DATA, INCLUDING SALARIES FOR EXECUTIVE LEVEL OFFICIALS (PRESIDENT AND VICE-PRESIDENTS), TO ENSURE THAT COMPENSATION DOES NOT EXCEED FAIR MARKET VALUE. THE PRESIDENT, IN CONCERT WITH THE DIRECTOR OF HUMAN RESOURCES, IS RESPONSIBLE FOR REVIEWING AND ESTABLISHING ONGOING SALARY LEVELS FOR THE RESPECTIVE VICE-PRESIDENTS. MINUTES ARE KEPT OF ALL BOARD OF TRUSTEE MEETINGS AND COMMITTEE MEETINGS, INCLUDING THE COMPENSATION COMMITTEE. WITH REGARD TO VICE-PRESIDENTS, PERFORMANCE ASSESSMENTS AND EVALUATIONS ARE DOCUMENTED IN THEIR RESPECTIVE PERSONNEL FILES. Form 990, Part VI, Line 19 Required documents available to the public GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. Form 990, Part XI, Line 9 Other changes in net assets or fund balances CHANGE IN VALUE OF ANNUITY CONTRACT AGREEMENTS - 25288; Total - 25288; NORTH THIRTEENTH STREET INC 13TH BERN STREETS PO BOX 14988 READING PA 196124988 232362385 REAL ESTATE RENTAL PA ALBRIGHT COLLEGE C Corporation 0 0 1 true ALBRIGHT COLLEGE COSTA RICA SA EL PATIO BUILDING 3RD FLOOR SAN JOSE CS LAND INVESTMENT CS ALBRIGHT COLLEGE C Corporation 0 0 1 true false false false true false false true false true false false false false false true true true true false Schedule R, Part IV SALE OF RELATED ORGANIZATION Sale of Costa Rica property to individual in Costa Rica by year end 5/31/25.