2026-05-08T07:16:59-05:00 2025-06-30 390859910 BAKER TILLY ADVISORY GROUP LP 1570 FRUITVILLE PIKE SUITE 400 LANCASTER PA 17601 990 2024-07-01 231352354 LEBANON VALLEY COLLEGE LEBA 7178676421 101 NORTH COLLEGE AVENUE ANNVILLE PA 17003 DANIEL CHIRICO CHIEF FINANCIAL OFFICER 7178676421 2026-05-04 1 1 KERRI N BOGDA P00760402 7177404863 2026-05-04 2024 2025-03-06 01:10:19Z JAMES MACLAREN 101 NORTH COLLEGE AVENUE ANNVILLE PA 17003 166085644 0 X WWW.LVC.EDU X 1866 PA PROVIDES EDUCATIONAL SERVICES AT THE UNDERGRADUATE AND GRADUATE LEVEL. 33 28 1503 406 249057 0 9433352 12147053 107717343 113264702 2568255 1931774 846524 943483 120565474 128287012 55399386 59761371 0 0 36913794 38742369 0 0 1795462 27361476 28269150 119674656 126772890 890818 1514122 268826050 280924374 62795038 63154949 206031012 217769425 X LEBANON VALLEY COLLEGE EDUCATES STUDENTS FOR LIFELONG SUCCESS THROUGH EXCEPTIONAL UNDERGRADUATE LIBERAL-ARTS PROGRAMS AND PROFESSIONAL GRADUATE PROGRAMS DELIVERED IN AN ENGAGING AND SUPPORTIVE ACADEMIC AND CO-CURRICULAR ENVIRONMENT. CONTINUED ON SCHEDULE O.WE EDUCATE OUR STUDENTS TO THINK CRITICALLY AND CREATIVELY, ANALYZE AND ADDRESS COMPLEX ISSUES, AND COMMUNICATE EFFECTIVELY. WE GUIDE THEM IN DEEPENING THEIR COMMITMENT TO INCLUSION, CIVIC ENGAGEMENT, AND GLOBAL CITIZENSHIP. 0 0 115436203 59761371 113478302 LEBANON VALLEY COLLEGE, FOUNDED IN 1866, OFFERS 50 MAJORS IN THE HEALTH PROFESSIONS, SCIENCES, EDUCATION, BUSINESS AND DIGITAL MEDIA, AND THE ARTS AND HUMANITIES. HANDS-ON LEARNING, INTERNSHIPS, AND RESEARCH ARE EMPHASIZED. LVC OFFERS FIVE DIRECT-ENTRY (BACHELOR'S TO MASTER'S) PROGRAMS TO STREAMLINE GRADUATES' ENTRY INTO VALLEY GRADUATE PROGRAMS IN BUSINESS AND THE HEALTH PROFESSIONS. CLOSE FACULTY-STUDENT RELATIONSHIPS AND MENTORING ARE HALLMARKS OF THE LVC EXPERIENCE ON ITS BEAUTIFUL 370-ACRE CAMPUS. THE COLLEGE ENCOURAGES STUDENT PARTICIPATION IN ATHLETICS-WITH 40% COMPETING AS NCAA DIVISION III STUDENT-ATHLETES IN THE MIDDLE ATLANTIC CONFERENCE-AND STUDENT LEADERSHIP AND INVOLVEMENT IN OVER 90 CLUBS AND ORGANIZATIONS. CONTINUED ON SCHEDULE O.LVC OFFERS GENEROUS FINANCIAL AID AND GUARANTEED MERIT SCHOLARSHIPS THAT EXCEED $50 MILLION ANNUALLY, WITH 100% OF STUDENTS RECEIVING LVC FINANCIAL AID OR SCHOLARSHIPS MOST YEARS. CAREER SUCCESS IS INTEGRATED INTO THE CURRICULUM THROUGH THE EDWARD AND LYNN BREEN CENTER FOR CAREER AND PROFESSIONAL DEVELOPMENT, STARTING DURING THE FIRST YEAR ON CAMPUS.EIGHT MILES FROM HERSHEY, PENNSYLVANIA, THIS COLLEGE OF 1,600 UNDERGRADUATE AND OVER 400 GRADUATE STUDENTS PRODUCES ALUMNI WHO ATTEND PRESTIGIOUS GRADUATE AND PROFESSIONAL SCHOOLS AND ARE EMPLOYED BY TOP COMPANIES AND SCHOOL DISTRICTS. 115436203 1 1 0 1 0 0 0 1 0 1 1 1 0 0 1 1 1 0 1 0 1 0 0 0 1 0 0 1 1 1 1 0 0 0 0 0 0 1 0 0 0 1 0 0 0 1 0 0 0 0 1 2972 0 1503 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 33 28 0 1 0 0 0 0 0 1 1 0 0 1 1 1 1 1 0 1 1 0 PA X GABRIEL PAZ 7178676421 101 NORTH COLLEGE AVENUE ANNVILLE PA 17003 X JAMES MACLAREN PRESIDENT 40.00 0.00 X X 382858 0 54100 TRACEY A STOVER CHAIR 1.00 0.00 X X 0 0 0 MARY JEAN BISHOP VICE CHAIR 1.00 0.00 X X 0 0 0 RICHARD E HARPER VICE CHAIR 1.00 0.00 X X 0 0 0 JOSEPH F RILATT VICE CHAIR 1.00 0.00 X X 0 0 0 MELISSA POOLE ASST SECRETARY 1.00 0.00 X X 0 0 0 KRISTEN R ANGSTADT TRUSTEE 1.00 0.00 X 0 0 0 KATHERINE J BISHOP TRUSTEE 1.00 0.00 X 0 0 0 TRUMAN T BROOKS III TRUSTEE 1.00 0.00 X 0 0 0 SUSAN M CORBETT TRUSTEE 1.00 0.00 X 0 0 0 SUSANNE HARLEY DOMBROWSKI TRUSTEE 1.00 0.00 X 0 0 0 PATRICIA DONLEY TRUSTEE 1.00 0.00 X 0 0 0 JAMES G GLASGOW TRUSTEE 1.00 0.00 X 0 0 0 MARIA HAMILTON TRUSTEE 1.00 0.00 X 0 0 0 ROBERT E HARBAUGH TRUSTEE 1.00 0.00 X 0 0 0 WENDIE DIMATTEO HOLSINGER TRUSTEE 1.00 0.00 X 0 0 0 BRUNILDA MARTINEZ TRUSTEE 1.00 0.00 X 0 0 0 CARROLL SKIP MISSIMER TRUSTEE 1.00 0.00 X 0 0 0 ALLEN M NEWSOME TRUSTEE 1.00 0.00 X 0 0 0 ALICIA PETROSS TRUSTEE 1.00 0.00 X 0 0 0 ALEXANDER REBER TRUSTEE 1.00 0.00 X 0 0 0 ELYSE E ROGERS TRUSTEE 1.00 0.00 X 0 0 0 KAREN A SCHMITT TRUSTEE 1.00 0.00 X 0 0 0 JOAN SQUIRES TRUSTEE 1.00 0.00 X 0 0 0 DAVID STEWART TRUSTEE 1.00 0.00 X 0 0 0 KARICK STOBER TRUSTEE 1.00 0.00 X 0 0 0 RYAN H TWEEDIE TRUSTEE 1.00 0.00 X 0 0 0 ELIZABETH R UNGER TRUSTEE 1.00 0.00 X 0 0 0 ALLISON ABAYASEKARA TRUSTEE (UNTIL 05/25) 1.00 0.00 X 0 0 0 JOHN SCHOL TRUSTEE (UNTIL 05/25) 1.00 0.00 X 0 0 0 RACHEL ALBERT FACULTY TRUSTEE 1.00 0.00 X 72416 0 13634 SEAN DROMS FACULTY TRUSTEE 1.00 0.00 X 68943 0 24751 JOHANNES DIETRICH FACULTY TRUSTEE (AS OF 05/25) 1.00 0.00 X 91320 0 16673 JOEL KLINE FACULTY TRUSTEE(UNTIL 05/25) 1.00 0.00 X 88125 0 28033 SHELLY BLISS STUDENT TRUSTEE (AS OF 05/25) 1.00 0.00 X 2261 0 0 ANDREW KALMANOWICZ STUDENT TRUSTEE(UNTIL 05/25) 1.00 0.00 X 3158 0 0 SETH MENDELSOHN TRUSTEE/ADJUNCT FACULTY 1.00 0.00 X 0 0 0 MATTHEW WEAVER SECRETARY (NON VOTING) 40.00 0.00 X 193808 0 26040 DANIEL CHIRICO CHIEF FINANCIAL OFFICER (AS OF 1/25) 40.00 0.00 X 0 0 0 SUSAN TAMMARO PROVOST & VP ACAD AFFAIR (UNTIL 6.30.25) 40.00 0.00 X 248686 0 30668 EDWIN WRIGHT VP OF ENROLLMENT MGMT (UNTIL 12.31.25) 40.00 0.00 X 222980 0 93462 DAVID SHAPIRO CHIEF INFORMATION OFFICER 40.00 0.00 X 171384 0 32440 ROBERT MIKUS VP STUDENT AFFAIRS/DEAN (UNTIL 7.8.25) 40.00 0.00 X 159404 0 77802 COLLEEN MARSHALL CHAIR & ASSOCIATE PROF. NURSING (UNTIL 8.4.25) 40.00 0.00 X 161640 0 31820 ANN HAYES ASSOCIATE VP OF HR TITLE IX COORDINATOR 40.00 0.00 X 140137 0 20346 TREVA CLARK PROFESSOR OF BUSINESS 40.00 0.00 X 136647 0 20603 WENDY ALBERT INTERIM VP FINANCE & ADMIN. (UNTIL 1.24.25) 40.00 0.00 X 187534 0 16943 2331301 0 487315 37 1 1 0 METZ CULINARY MANAGEMENT TWO WOODLAND DRIVE DALLAS PA 18612 FOOD SERVICES 4903084 STEWART & TATE INC 950 SMILE WAY YORK PA 17404 CONSTRUCTION SERVICES 573875 STATE DRIVE CONSULTING LLC 805 STATE DRIVE LEBANON PA 75006 CONSULTING SERVICES 517710 MILLER SPORTS CONSTRUCTION 827 LINCOLN AVENUE SUITE 15 WEST CHESTER PA 17043 CONSTRUCTION SERVICES 474252 PRECISION LLC 1244 E MAIN STREET ANNVILLE PA 12590 HVAC MAINTENANCE & SERVICE 443020 33 9295 56675 4066357 8014726 715559 12147053 STUDENT TUITION AND FEES 611310 96363692 96363692 AUXILIARY ENTERPRISES 611310 16901010 16901010 113264702 1947260 94271 1852989 85105 46552 38553 38553 38553 37698914 37714400 -15486 -15486 -15486 38196 56675 37680 516 516 ATHLETIC CAMPS & TOURNAMENTS 713990 213600 213600 CONFERENCE SERVICES 721000 98974 98974 ARNOLD SPORTS CENTER 713990 53360 53360 538480 2452 536028 904414 128287012 113478302 249057 2412600 123040 123040 59638331 59638331 1943999 1211981 481734 250284 27189817 23202076 3248979 738762 1954653 1664859 217476 72318 5593056 4718229 677606 197221 2060844 1728099 262908 69837 179786 89893 89893 116420 116420 39000 39000 280525 280525 5941052 5271292 573403 96357 1456744 1354772 101972 3113075 2794710 252358 66007 174065 165905 8160 2092327 1915432 157951 18944 1019817 887241 71387 61189 1397868 1147880 224989 24999 7686748 6994940 622627 69181 726985 661556 58886 6543 REPAIRS & MAINTENANCE 2416363 1720971 678947 16445 LIBRARY MATERIALS 687363 687363 STUDENT CLUBS & ORGS. 231250 231250 MISCELLANEOUS 166134 122261 43786 87 543628 342474 195838 5316 126772890 115436203 9541225 1795462 4000 4000 23155233 16195572 9726733 9240619 3891505 4558971 17203 17724 2105915 1750341 261736881 143781373 118328822 117955508 10308369 19119445 90909128 103027936 491535 325932 9887607 8728326 268826050 280924374 6423442 7954702 166362 491048 53256097 52002781 377646 269908 2571491 2436510 62795038 63154949 X 113533599 115596538 92497413 102172887 206031012 217769425 268826050 280924374 X 1514122 11638980 -1414689 X 0 1 X 1 1 1 X 16909172 16355945 7922779 9433352 12147053 62768301 16909172 16355945 7922779 9433352 12147053 62768301 5206978 57561323 1192064 1510520 1471647 2159774 2032365 8366370 516 516 142893 255628 437762 480549 538480 1855312 72990499 514825918 0.78860 0.78890 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: BOOKSTORE COMMISSION - 2020 AMOUNT: $ 83,091. 2021 AMOUNT: $ 95,451. 2022 AMOUNT: $ 86,106. 2023 AMOUNT: $ 89,791. 2024 AMOUNT: $ 31,883. OTHER INCOME - 2020 AMOUNT: $ 59,802. 2021 AMOUNT: $ 160,177. 2022 AMOUNT: $ 351,656. 2023 AMOUNT: $ 390,758. 2024 AMOUNT: $ 506,597. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 0 1 39000 39000 0 PART II-B, LINE 1: THE COLLEGE PAID $39,000 TO LONG NYQUIST & ASSOCIATES TO ASSIST IN IDENTIFYING AND APPLYING FOR ELIGIBLE GRANTS. X X X 0 98355173 4446540 11739192 1795917 2082699 110662289 83810191 5864779 12269653 1716262 1873188 98355173 78154157 2496520 6832799 1778797 1894488 83810191 85736790 6373636 -10820737 1543292 1592240 78154157 67825446 1339012 19707854 1525498 1610024 85736790 0.23460 0.53390 0.23150 0 0 2474725 2474725 209231807 106218928 103012879 25535694 22210642 3325052 24494655 15351803 9142852 117955508 ALTERNATIVE INVESTMENTS 102790073 F CSV LIFE INSURANCE POLICIES 237863 F 103027936 LIABILITY ON ANNUITY CONTRACTS 590245 STUDENT CREDIT BALANCES AND DEPOSITS 1146512 ADVANCES FROM FEDERAL GOVERNMENT FOR STUDENT LOANS 699753 2436510 X 83606543 11638980 -56403681 -44764701 128371244 -84232 -84232 128287012 71868130 1464007 1464007 70404123 56368767 56368767 126772890 PART III, LINE 4: THE COLLEGE'S COLLECTION CONSISTS OF ARTWORK, RARE BOOKS, AND OTHER OBJECTS. THE COLLECTION IS HELD FOR EDUCATION, RESEARCH, AND PUBLIC EXHIBITION AND IS PROTECTED, KEPT UNENCUMBERED, CARED FOR, AND PRESERVED. PART V, LINE 4: TO SUPPORT EDUCATIONAL PROGRAMS IN ACCORDANCE WITH THE DONOR DESIGNATIONS. PART X, LINE 2: THE COLLEGE FOLLOWS THE FASB GUIDANCE THAT REQUIRES A TAX POSITION TO BE RECOGNIZED BASED ON A MORE LIKELY THAN NOT TO BE SUSTAINED UPON EXAMINATION THRESHOLD. THE COLLEGE DOES NOT BELIEVE ITS FINANCIAL STATEMENTS INCLUDE ANY UNCERTAIN TAX POSITIONS. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN CASH SURRENDER VALUE OF LIFE INSURANCE POLICY -34,914. INVESTMENT EXPENSES NETTED AGAINST REVENUE ON FINANCIALS -280,525. STUDENT EDUCATIONAL GRANTS NETTED AGAINST REVENUE ON FINANCIALS -56,088,242. PART XI, LINE 4B - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES -37,680. RENTAL EXPENSES -46,552. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES 37,680. CHANGE IN VALUE OF INTEREST RATE SWAP AGREEMENT 1,379,775. RENTAL EXPENSES 46,552. PART XII, LINE 4B - OTHER ADJUSTMENTS: INVESTMENT EXPENSES NETTED AGAINST REVENUE ON FINANCIALS 280,525. STUDENT EDUCATIONAL GRANTS NETTED AGAINST REVENUE ON FINANCIALS 56,088,242. 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 IS INCLUDED ON THE COLLEGE'S CATALOG, WEBSITE, PUBLICATIONS, ETC. SCHEDULE E, PART I, LINE 6 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, AND PELL GRANTS. THE COLLEGE ALSO RECEIVES GRANTS FROM THE COMMONWEALTH OF PENNSYLVANIA. CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, 0 0 INVESTMENTS 58865 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 PROGRAM SERVICE EXPENSES STUDY ABROAD PROGRAM 249815 NORTH AMERICA 0 0 PROGRAM SERVICE EXPENSES STUDY ABROAD PROGRAM 7340 EAST ASIA AND THE PACIFIC 0 0 PROGRAM SERVICE EXPENSES STUDY ABROAD PROGRAM 10362 CENTRAL AMERICA AND THE CARIBBEAN 0 0 PROGRAM SERVICE EXPENSES STUDY ABROAD PROGRAM 41772 0 0 0 0 0 0 368154 0 368154 1 0 0 0 1 0 SCHEDULE F, PART IV, LINE 5: THE COLLEGE'S INVESTMENTS DID NOT MEET THE FILING THRESHOLD FOR COMPLETING FORM 8865 DURING TAX YEAR 2024. LVEP GOLF TOURNAMENT 60412 30000 30412 4800 2824 3895 LVC GOLF CLASSIC 12769 8840 3929 3060 1574 4125 2 21690 17835 3855 8800 5824 2778 94871 56675 38196 16660 10222 10798 37680 516 1 ANNVILLE TOWNSHIP 36 NORTH LANCASTER STREET ANNVILLE PA 17003 236003026 N/A 96540 0 N/A N/A UNRESTRICTED CONTRIBUTION TO SUPPORT THE TOWNSHIP ANNVILLE-CLEONA SCHOOL DISTRICT 520 SOUTH WHITE OAK STREET ANNVILLE PA 17003 231602952 N/A 23000 0 N/A N/A UNRESTRICTED CONTRIBUTION TO SUPPORT THE SCHOOL DISTRICT 2 0 LVC GRANTS & SCHOLARSHIPS 1669 55845282 N/A N/A PELL GRANTS 521 3063724 N/A N/A STUDENT AWARDS 144 444414 N/A N/A SEOG GRANTS 63 243863 N/A N/A TEACH GRANTS 3 11316 N/A N/A FACULTY ACADEMIC GRANTS 16 29732 N/A N/A PART I, LINE 2: ALL STUDENTS APPLYING FOR FEDERAL FUNDS ARE REQUIRED TO SUBMIT THE FREE APPLICATION FOR FEDERAL STUDENT AID ("FAFSA"). THE FINANCIAL AID 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 FINANCIAL AID OFFICE AWARDS THE STUDENT THE APPROPRIATE FUNDING. STUDENT FILES REGARDING ELIGIBILITY ARE MAINTAINED BY THE FINANCIAL AID OFFICE. X 1 1 X X X 0 0 0 0 0 0 0 0 0 JAMES MACLAREN PRESIDENT 373258 0 0 0 9600 0 31050 0 23050 0 436958 0 0 0 EDWIN WRIGHT VP OF ENROLLMENT MGMT (UNTIL 12.31.2 222980 0 0 0 0 0 19332 0 74130 0 316442 0 0 0 SUSAN TAMMARO PROVOST & VP ACAD AFFAIR (UNTIL 6.30 248686 0 0 0 0 0 22289 0 8379 0 279354 0 0 0 ROBERT MIKUS VP STUDENT AFFAIRS/DEAN (UNTIL 7.8.2 159404 0 0 0 0 0 14221 0 63581 0 237206 0 0 0 MATTHEW WEAVER SECRETARY (NON VOTING) 193808 0 0 0 0 0 17624 0 8416 0 219848 0 0 0 WENDY ALBERT INTERIM VP FINANCE & ADMIN. (UNTIL 1 187534 0 0 0 0 0 16696 0 247 0 204477 0 0 0 DAVID SHAPIRO CHIEF INFORMATION OFFICER 171384 0 0 0 0 0 13565 0 18875 0 203824 0 0 0 COLLEEN MARSHALL CHAIR & ASSOCIATE PROF. NURSING (UNT 161640 0 0 0 0 0 13703 0 18117 0 193460 0 0 0 ANN HAYES ASSOCIATE VP OF HR TITLE IX COORDINATOR 140137 0 0 0 0 0 11979 0 8367 0 160483 0 0 0 TREVA CLARK PROFESSOR OF BUSINESS 136647 0 0 0 0 0 12232 0 8371 0 157250 0 0 0 PART I, LINE 1A FROM THE EMPLOYMENT AGREEMENT BETWEEN LEBANON VALLEY COLLEGE AND THE PRESIDENT - "THE COLLEGE SHALL PAY OR REIMBURSE THE EXECUTIVE FOR ALL REASONABLE BUSINESS EXPENSES INCURRED BY THE EXECUTIVE (AND HIS SPOUSE WHERE THERE IS A LEGITIMATE BUSINESS REASON FOR HIS SPOUSE TO ACCOMPANY HIM) IN CONNECTION WITH THE PERFORMANCE OF HIS DUTIES AND OBLIGATIONS UNDER THIS AGREEMENT. SUCH PAYMENTS SHALL INCLUDE REASONABLE REIMBURSEMENTS FOR TICKETS, SUBSCRIPTIONS, ETC. FOR THE EXECUTIVE AND HIS SPOUSE TO WORK-RELATED FUND RAISING EVENTS IN THE COMMUNITY. THESE EXPENDITURES SHALL BE SUBJECT TO THE REVIEW AND APPROVAL OF THE CHAIR OF THE BOARD." THERE WERE $4,160 OF BUSINESS EXPENSE REIMBURSEMENTS OR EXPENDITURES DURING THE YEAR. IN ADDITION, THE PRESIDENT LIVES IN A COLLEGE OWNED HOUSE, WHICH IS ON CAMPUS. THE HOUSING IS NOT CONSIDERED A TAXABLE BENEFIT TO THE PRESIDENT. A ANNVILLE TOWNSHIP AUTHORITY 236003026 2019-12-13 40935000 REFINANCE PRIOR BONDS 0 0 0 B ANNVILLE TOWNSHIP AUTHORITY 236003026 2021-12-01 16500000 CONSTRUCTION OF NURSING BUILDING 0 0 0 A 4946123 40935000 212181 40722819 2019 1 0 1 1 B 238649 16500000 149768 16350232 2023 0 0 0 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 B 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 A 0 1 0 0 0 1 FULTON BANK 9.500000000000 0 0 0 0 1 B 0 1 0 0 0 1 FIRST NATIONAL BANK 2.500000000000 0 0 0 0 1 A 1 B 1 8221 SCHOLARSHIPS SCHOLARSHIP X 2 323500 APPRAISAL/DONOR VALUE X 13 392060 CLOSING PRICE 0 0 1 0 PART I, COLUMN (B): THE NUMBER IN COLUMN B REPRESENTS THE NUMBER OF DONORS. FORM 990, PART VI, SECTION A, LINE 3 THE COLLEGE OUTSOURCED ITS FOOD SERVICE TO METZ. THE COLLEGE ALSO OUTSOURCED ITS BOOKSTORE OPERATIONS TO BARNES AND NOBLE UNTIL JUNE 30, 2024. STARTING IN FISCAL YEAR 2025, THE COLLEGE OUTSOURCED ITS BOOKSTORE OPERATIONS TO AKADEMOS. FORM 990, PART VI, SECTION B, LINE 11B AFTER COMPLETION AND REVIEW BY MANAGEMENT, THE AUDIT COMMITTEE OF THE BOARD REVIEWED THE COMPLETE 990 IN DETAIL DURING THE MARCH AUDIT COMMITTEE MEETING. A FULL COPY OF THE 990 WAS POSTED ON THE COLLEGE'S PORTAL FOR THE FULL BOARD'S REVIEW PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY IS DISTRIBUTED ANNUALLY. IN THE CASE OF THE BOARD AND SENIOR STAFF, INCLUDING THE PRESIDENT, THE GOVERNANCE COMMITTEE DEVELOPED A FORM WHICH IS SCHEDULED TO BE COMPLETED ANNUALLY. LANGUAGE ON THE FORMS WAS MODIFIED IN 2010 TO BETTER REFLECT IRS FORM 990 DEFINITIONS / REQUIREMENTS. COMPLETED TRUSTEE FORMS ARE REVIEWED BY THE EXECUTIVE ASSISTANT TO THE PRESIDENT AND MEMBERS OF THE GOVERNANCE COMMITTEE. MEMBERS OF THE GOVERNANCE COMMITTEE NOTE ANY RESPONSES THAT REQUIRE ATTENTION. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION OF THE PRESIDENT AND VICE PRESIDENTS IS REVIEWED ANNUALLY BY THE COMPENSATION SUBCOMMITTEE OF THE BOARD TO ENSURE THAT COMPENSATION DOES NOT EXCEED FAIR MARKET VALUE. EXTERNAL BENCHMARK DATA FROM CUPA-HR IS SHARED AS A PART OF THIS REVIEW. THE COMPENSATION SUBCOMMITTEE MAKES THE DETERMINATION AND THE PROCESS IS NOTED IN MEETING MINUTES. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE AT 101 NORTH COLLEGE AVENUE UPON REQUEST. FORM 990, PART VI, LINE 1: THE EXECUTIVE COMMITTEE IS COMPRISED OF OFFICERS OF THE BOARD, CHAIRS OF STANDING COMMITTEES, AND UP TO FOUR ADDITIONAL TRUSTEES AS APPOINTED BY THE CHAIR OF THE BOARD. ALL MEMBERS OF THE EXECUTIVE COMMITTEE MUST BE VOTING MEMBERS OF THE BOARD OF TRUSTEES. THE BYLAWS OF THE BOARD OF TRUSTEES STIPULATE THAT THE EXECUTIVE COMMITTEE HAS, AND MAY EXERCISE ALL POWERS OF THE BOARD OF TRUSTEES IN THE TRANSACTION OF THE BUSINESS OF THE COLLEGE BETWEEN MEETINGS OF THE BOARD. UNLESS SPECIFICALLY EMPOWERED BY THE BOARD, THE EXECUTIVE COMMITTEE MAY NOT TAKE ANY ACTION INCONSISTENT WITH A PRIOR ACT OF THE BOARD OF TRUSTEES, AWARD DEGREES, ALTER BYLAWS, LOCATE PERMANENT BUILDINGS IN TAX-EXEMPT PROPERTY HELD FOR COLLEGE PURPOSES, PURCHASE OR SELL, MORTGAGE OR LEASE OR OTHERWISE ACQUIRE OR DISPOSE OF REAL PROPERTY, REMOVE OR APPOINT THE PRESIDENT OF THE COLLEGE, ADOPT THE ANNUAL BUDGET, ELECT TRUSTEES OR BOARD OFFICERS, OR TAKE ANY OTHER ACTION THAT HAS BEEN RESERVED BY OR FOR THE BOARD. FORM 990, PART VII, SECTION A: THE FOLLOWING TRUSTEES ARE ALSO ON THE FACULTY OF LEBANON VALLEY COLLEGE WORKING EITHER FULLTIME, AS PART-TIME ADJUNCT PROFESSOR., OR STUDENT EMPLOYEES WORKING DURING THE ACADEMIC YEAR. COMPENSATION REPORTED ON PART VII RELATES TO THEIR EMPLOYMENT POSITIONS: - SETH MENDELSOHN - SEAN DROMS - JOEL KLINE - RACHEL ALBERT - ANDREW KALMANOWICZ - MARINA CASSATT - SHELLY BLISS -JOHANNES DIETRICH FORM 990, PART XI, LINE 9: CHANGE IN CASH SURRENDER VALUE OF LIFE INSURANCE POLICY -34,914. CHANGE IN VALUE OF INTEREST RATE SWAP -1,379,775. FORM 990, PART VI, LINE 14: SEPARATE RETENTION POLICIES ARE MAINTAINED AT THE DEPARTMENT/DIVISIONAL LEVELS. IT IS THE COLLEGE'S GOAL TO CONSOLIDATE THESE POLICIES AND DEVELOP AN INSTITUTIONAL WIDE RETENTION POLICY. VALE LLC 101 NORTH COLLEGE AVENUE ANNVILLE PA 170030501 463835416 MUSIC PRODUCTION PA 0 279 LEBANON VALLEY COLLEGE LEBANON VALLEY COLLEGE PHYSICAL THERAPY & SPORTS REHAB CLINIC 101 NORTH COLLEGE AVENUE ANNVILLE PA 170030501 464917810 PHYSICAL THERAPY AND SPORTS REHABILIATION PA 0 6450 LEBANON VALLEY COLLEGE