2024-04-15T15:13:29-05:00 2023-05-31 390859910 BAKER TILLY US LLP 1570 FRUITVILLE PIKE SUITE 400 LANCASTER PA 17601 990 2022-06-01 231352615 ALBRIGHT COLLEGE ALBR 6109217749 13TH BERN STREETS PO BOX 15234 READING PA 196125234 JACQUELYN S FETROW PRESIDENT 6109217749 2024-04-15 1 JACQUELYN FETROW 999009999 0 KERRI N BOGDA CPA P00760402 7177404863 2024-04-15 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z JACQUELYN S FETROW 13TH BERN STREETS PO BOX 15234 READING PA 196125234 67159161 0 X WWW.ALBRIGHT.EDU X 1928 PA PROMOTING A COMMITMENT TO LIFELONG LEARNING WITH A FOUNDATION IN THE LIBERAL ARTS. 31 30 1051 58 401362 0 16593250 8167632 47617636 46903766 7224008 3764445 1686860 2220519 73121754 61056362 22909691 19886569 0 0 27405023 27797027 0 0 1782233 27386956 33431399 77701670 81114995 -4579916 -20058633 210751210 195952352 94098991 105191247 116652219 90761105 X AS A DIVERSE COMMUNITY OF LEARNERS, WE CULTIVATE INTEGRITY, CURIOSITY, CONNECTION AND RESILIENCE. 0 0 66191855 19886569 46942298 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 STUDY90% MED SCHOOL ACCEPTANCE RATE90% LAW SCHOOL ACCEPTANCE RATE 66191855 1 1 0 0 0 0 0 1 0 1 1 1 0 1 1 1 0 1 1 0 1 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 1 1 1 0 0 1 2228 0 1051 1 1 1 1 GK CS 0 0 0 1 1 0 0 0 0 0 0 X 31 30 0 1 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 PA X ASHLEY ADDISON ACCOUNTING MANAGER 6109217749 13TH BERN STREETS PO BOX 15234 READING PA 196125234 JACQUELYN S FETROW PHD PRESIDENT 39.75 0.25 X X 332764 0 48633 WENDY K PARSONS VP, ADVANCEMENT 40.00 X 170233 0 34560 DWAYNE L WALKER VP, ENROLLMENT MGT 40.00 X 167325 0 34636 JEFFREY L STRADER VP, FINANCE/STRAT. PTN 40.00 X 155033 0 22674 RODNEY WARFIELD PROF. OF EDUCATION 40.00 X 151288 0 12955 KAREN CAMPBELL SR. VP FOR ACADEMIC AFFAIRS 40.00 X 142869 0 16271 BRENDA INGRAM-WALLACE ASSOC. VP FOR ADVOCACY AND FULL PARTIC. 40.00 X 135640 0 15714 JOSHUA WILLIAMSON COLLEGE PHYSICIAN 40.00 X 114511 0 31872 SAMANTHA WESNER SR. VP STUD. & CAMP. LIFE 40.00 X 130533 0 15804 GERTRUDE EGUAE-OBAZEE PROF. OF ACCOUNTING 40.00 X 123166 0 23125 BORIS VILIC DEAN SCHOOL PROF. STUDIES 40.00 X 104931 0 28592 JENNIFER STOUDT VP FOR COMMUNICATIONS 40.00 X 94796 0 13968 RICHARD FERRY CO-DIR., ATHLETICS 40.00 X 79557 0 22533 JANICE LUCK CO-DIR., ATHLETICS 40.00 X 84160 0 13445 JASON U HOERR VP, DIGITAL STRAT./INFRAS. 40.00 X 16779 0 2413 RONALD SCHEESE CHAIR 1.00 X X 0 0 0 TIFFENIA D ARCHIE VICE CHAIR 1.00 X X 0 0 0 ROSS D MILLER ESQ SECRETARY 1.00 X X 0 0 0 TED C ABRAMS TRUSTEE 1.00 X 0 0 0 SUZANNE E ANDERSON MED PCC TRUSTEE 1.00 X 0 0 0 DAWN J ANUSZKIEWICZ TRUSTEE (UNTIL 6/22/22) 1.00 X 0 0 0 THOMAS A CHAVES TRUSTEE 1.00 X 0 0 0 DWIGHT DAVIS MDIV TRUSTEE 1.00 X 0 0 0 STEPHANIE DUPAUL EDD TRUSTEE 1.00 X 0 0 0 ROBERT M FORD TRUSTEE 1.00 X 0 0 0 BENEDETTO FRANCO TRUSTEE 1.00 X 0 0 0 KATHLEEN J GRANT MD TRUSTEE (UNTIL 6/11/22) 1.00 X 0 0 0 JEFFREY W GRIFFITHS TRUSTEE (UNTIL 6/11/22) 1.00 X 0 0 0 JOSEPHINE A GRUBER TRUSTEE 1.00 X 0 0 0 KRISTINE HAZZARD TRUSTEE 1.00 X 0 0 0 DANIEL B HUYETT ESQ TRUSTEE 1.00 X 0 0 0 REV ROBIN M HYNICKA MDIV TRUSTEE 1.00 X 0 0 0 SCOTT KEATON CPA TRUSTEE 1.00 X 0 0 0 KENNETH S LAKIN TRUSTEE 1.00 X 0 0 0 MICHAEL D LISS CPA TRUSTEE 1.00 X 0 0 0 KAREN A MARRONGELLE PHD TRUSTEE 1.00 X 0 0 0 JOHN P MCALLISTER TRUSTEE 1.00 X 0 0 0 WC JACK MILLER TRUSTEE 1.00 X 0 0 0 DEBORAH ST CLAIR RADWANSKI PHD TRUSTEE 1.00 X 0 0 0 MICHAEL H REESE TRUSTEE 1.00 X 0 0 0 JEFFREY T RIGG CPA TRUSTEE (UNTIL 6/11/22) 1.00 X 0 0 0 MICHAEL D SCALES TRUSTEE 1.00 X 0 0 0 JORGE J SCHEIRER MD TRUSTEE 1.00 X 0 0 0 JOHN SCHULTZ ESQ TRUSTEE 1.00 X 0 0 0 NANCY G SHORES JD TRUSTEE 1.00 X 0 0 0 PETER D STANISLAWCZYK TRUSTEE 1.00 X 0 0 0 DAVID W STONESIFER CPA TRUSTEE 1.00 X 0 0 0 SUSANNAH B TRUITT TRUSTEE 1.00 X 0 0 0 CHARNITA ZEIGLER-JOHNSON PHD TRUSTEE 1.00 X 0 0 0 2003585 0 337195 12 0 1 0 ARAMARK CORPORATION 131 S DEARBORN 6TH FL CHICAGO IL 60603 FOOD SVC PROVIDER 3228676 DYNAMIC CAMPUS SOLUTIONS 2806 FLINTROCK TRCE SUITE A205 AUSITN TX 78738 IT SERVICES 1614689 ENCOURA LLC 600 CONGRESS AVENUE AUSITN TX 78701 IT SERVICES 763987 KIMMEL BOGRETTE ARCHITECTURE 482 NORRISTOWN ROAD SUITE 200 READING PA 19610 ARCHITECT SERVICES 514935 EAB GLOBAL INC 2445 M STREET NW WASHINGTON DC 20037 RECRUITING SERVICE 488729 52 98350 4324864 3744418 8167632 TUITION AND FEES 611710 34946373 34946373 AUX ENT - ROOM AND BOARD 721310 11666105 11666105 STUDENT LOAN INTEREST AND FEES 611710 203508 203508 AUX ENT - OTHER PROGRAM INCOME 611710 87780 87780 46903766 1705323 80887 1624436 565029 565029 724831 92615 632216 632216 50462 581754 8023315 5964193 2059122 2059122 2059122 41599 98350 45991 -4392 -4392 TOTAL EXPERIENCE LEARNING PROGRAM 611310 366176 366176 ATHLETICS AND AQUATICS PROG 713940 138885 5453 133432 CONFERENCE ACCOMODATIONS 721000 136581 136581 386024 33079 352945 1027666 61056362 46942298 401362 5545070 19886569 19886569 1559549 578085 898649 82815 20150585 15167328 4084243 899014 747685 568627 145885 33173 3762282 2797381 794647 170254 1576926 1149396 356246 71284 332326 332326 111947 111947 37187 37187 4315095 1194006 2953462 167627 771032 353597 417435 1925169 1402699 445925 76545 681241 365266 315975 400 400 4001091 3894523 87968 18600 528204 445185 63093 19926 72960 61675 11285 2778890 2584646 160342 33902 7173463 6672038 413909 87516 1019614 952915 55058 11641 FOOD SERVICES 3522309 3522309 EMPL./STUDENT EXPENSES 2332439 1949239 366286 16914 RECRUITMENT 642261 642261 BOOKS, PERIODICALS, ETC 262421 260012 343 2066 2923350 1743698 1088696 90956 81114995 66191855 13140907 1782233 522005 114057 2935011 3142319 10826872 10010288 1355290 1226660 371699 290431 1553803 1454219 193887832 119940617 75672301 73947215 46200481 37152085 17855684 16970543 3785454 1998947 33393545 36576009 16279065 13069579 210751210 195952352 12520640 8415952 2236618 2544407 2804684 2652684 35670259 34141075 2573746 8805996 4692430 38293044 43938703 94098991 105191247 X 29454095 8273427 87198124 82487678 116652219 90761105 210751210 195952352 X -20058633 -5906287 73806 X 0 1 X 1 1 1 X 8738000 5626023 11946403 16593250 8167632 51071308 8738000 5626023 11946403 16593250 8167632 51071308 1194143 49877165 3395005 2194615 2949827 4696527 2742330 15978304 966108 597324 271857 449886 760720 3045895 70095507 279464899 0.71160 0.69550 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: ALL OTHER REVENUE - 2018 AMOUNT: $ 966,108. 2019 AMOUNT: $ 597,324. 2020 AMOUNT: $ 271,857. 2021 AMOUNT: $ 449,886. 2022 AMOUNT: $ 760,720. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X X 0 63837604 1245932 -960716 1894574 8628529 53599717 67451163 1103537 -1304686 2113872 1298538 63837604 54844527 767565 16517631 2455375 2223185 67451163 58865085 1153703 1255189 1615051 4814399 54844527 57545229 4141433 685727 1743264 1764040 58865085 0.13750 0.57560 0.28690 1 0 4830063 4830063 129520361 71679873 57840488 1320425 300478 1019947 45437237 38991475 6445762 12779746 8968791 3810955 73947215 OFFSHORE HEDGE FUND 6146 F DOMESTIC HEDGE FUNDS 16891511 F CENTRAL AMERICA INVESTMENT 72886 F 16970543 ASSETS HELD IN TRUST BY OTHERS 12055064 OTHER RECEIVABLES 649435 OTHER ASSETS 42158 DUE FROM ALBRIGHT COLLEGE COSTA RICA 322909 DEPOSITS HELD BY BOND TRUSTEES 13 13069579 EARLY RETIREMENT 117045 POST RETIREMENT HEALTHCARE BENEFITS 5082 CHARITABLE GIFT ANNUITY CONTRACT LIAB 616830 STUDENT DEPOSITS AND ADVANCE PAYMENTS 1633393 DEPOSITS HELD FOR OTHERS 481350 LEASE LIABILITIES 39566363 OUTSTANDING CHECKS 1518640 43938703 X 35277000 -5906287 -19706800 -25613087 60890087 166275 166275 61056362 61241000 211492 211492 61029508 20085487 20085487 81114995 PART III, LINE 1A: 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. PART III, LINE 4: 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. PART V, LINE 4: THE ENDOWMENT FUNDS ARE INTENDED TO BE USED TO SUPPORT STUDENT FINANCIAL AID, INSTRUCTION AND OTHER COLLEGE OPERATIONS. PART X, LINE 2: THE COLLEGE FOLLOWS THE FASB GUIDANCE RELATED TO ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. THE GUIDANCE CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES RECOGNIZED IN AN ENTITY'S FINANCIAL STATEMENTS AND PRESCRIBES 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 HAS BEEN MET. THE GUIDANCE ALSO PROVIDES GUIDANCE ON DERECOGNITION, CLASSIFICATION, INTEREST AND PENALTIES, ACCOUNTING IN INTERIM PERIODS, AND DISCLOSURE. MANAGEMENT HAS DETERMINED THAT THERE ARE NO SIGNIFICANT UNCERTAIN TAX POSITIONS MEETING THE RECOGNITION CRITERIA IN 2023 AND 2022. THE COLLEGE'S POLICY IS TO RECOGNIZE INTEREST RELATED TO UNRECOGNIZED TAX BENEFITS IN INTEREST EXPENSE AND PENALTIES IN OPERATING EXPENSES. PART XI, LINE 2D - OTHER ADJUSTMENTS: STUDENT AID -19,743,419. INVESTMENT EXPENSES -37,187. CHANGE IN VALUE OF ANNUITY CONTRACT AGREEMENTS 73,806. PART XI, LINE 4B - OTHER ADJUSTMENTS: RENTAL EXPENSES -92,615. FUNDRAISING EVENT EXPENSES -45,991. PROGRAM EXPENSES NETTED AGAINST REVENUE 304,881. PART XII, LINE 2D - OTHER ADJUSTMENTS: EXPENSES ATTRIBUTABLE TO THE COSTA RICA CORPORATION 72,886. RENTAL EXPENSES 92,615. FUNDRAISING EVENT EXPENSE 45,991. PART XII, LINE 4B - OTHER ADJUSTMENTS: STUDENT AID 19,743,419. PROGRAM EXPENSES NETTED AGAINST REVENUE 304,881. INVESTMENT EXPENSES 37,187. 1 1 0 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 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 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). SCHEDULE E, PART I, LINE 6A CONT'D: 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 - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, 0 0 INVESTMENTS 72886 EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM 0 0 INVESTMENTS 6146 0 0 0 0 0 0 79032 0 79032 0 0 1 1 1 0 PART III ACCOUNTING METHOD: SCHEDULE F, PART IV, LINE 3 THE ORGANIZATION HAS 100% OWNERSHIP IN A FOREIGN CORPORATION AND FILES A FORM 5471 FOR THIS INVESTMENT. SCHEDULE F, PART IV, LINE 5 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 123600 94740 28860 4086 34703 1133 2022 FOOTBALL GOLF OUTING 16349 3610 12739 185 720 1919 2625 620 139949 98350 41599 185 4806 36622 2625 1753 45991 -4392 1 TRUSTEE GRANTS 848 5758831 N/A PRESIDENTIAL/PROVOST SCHOLARSHIP 255 3115892 N/A JACOB ALBRIGHT SCHOLARSHIP 156 393205 N/A EUGENE SHIRK SCHOLARSHIP 19 363000 N/A ENDOWED SCHOLARSHIPS 270 1894574 N/A SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANTS 240 210226 N/A OTHER SCHOLARSHIPS, GRANTS AND AWARDS 875 7846406 N/A FOREIGN STUDENT SCHOLARSHIPS 5 56800 N/A TALENT AWARDS 13 35000 N/A ACADEMIC TALENT GRANT 10 25500 N/A COMMUNITY COLLEGE ACHIEVEMENT SCHOLARSHIP 21 30285 N/A HEERF STUDENT AID 164 143150 N/A ADVLIVESSUPP SCHOLARSHIP 6 13700 N/A PART I, LINE 2: 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 X 1 1 X X X 0 0 0 0 0 0 0 0 0 JACQUELYN S FETROW PHD PRESIDENT 332764 0 0 0 0 0 16662 0 31971 0 381397 0 0 0 WENDY K PARSONS VP, ADVANCEMENT 170233 0 0 0 0 0 8718 0 25842 0 204793 0 0 0 DWAYNE L WALKER VP, ENROLLMENT MGT 167325 0 0 0 0 0 8794 0 25842 0 201961 0 0 0 JEFFREY L STRADER VP, FINANCE/STRAT. PTN 155033 0 0 0 0 0 8000 0 14674 0 177707 0 0 0 RODNEY WARFIELD PROF. OF EDUCATION 151288 0 0 0 0 0 3784 0 9171 0 164243 0 0 0 KAREN CAMPBELL SR. VP FOR ACADEMIC AFFAIRS 142869 0 0 0 0 0 7100 0 9171 0 159140 0 0 0 BRENDA INGRAM-WALLACE ASSOC. VP FOR ADVOCACY AND FULL PART 135640 0 0 0 0 0 6543 0 9171 0 151354 0 0 0 PART I, LINE 1A 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). TRAVEL FOR COMPANIONS: TRAVEL WAS PROVIDED FOR THE PRESIDENT'S SPOUSE WHEN SUCH TRAVEL WAS NECESSARY FOR THE FURTHERANCE OF THE WORK OF THE COLLEGE. THE TRAVEL IS CONSIDERED NECESSARY FOR THE PRESIDENT'S POSITION AND IS THEREFORE NOT TREATED AS TAXABLE COMPENSATION. A THE BERKS COUNTY MUNICIPAL AUTHORITY 236647630 2017-07-03 10000000 ACQUIRE PROPERTY & REFUND ISSUE - 9/2/14 0 0 0 B THE BERKS COUNTY MUNICIPAL AUTHORITY 236647630 2017-08-01 10000000 REFUND PRIOR ISSUE - 12/30/2013 0 0 0 C THE BERKS COUNTY MUNICIPAL AUTHORITY 236647630 2017-08-01 10000000 REFUND PRIOR ISSUE - 12/30/2013 0 0 0 D THE BERKS COUNTY MUNICIPAL AUTHORITY 236647630 2017-08-01 5500000 REFUND PRIOR ISSUE - 12/30/2013 0 0 0 A 1839484 10000000 176524 2484452 7339024 2017 1 0 1 1 B 1839484 10000000 10000000 2010 1 0 1 1 C 1839484 10000000 10000000 2010 1 0 1 1 D 943565 5500000 5500000 2010 1 0 1 1 A 0 0 1 1 0 0.00800 0.00000 0.00800 0 0 1 B 0 0 1 1 0 0.00600 0.00000 0.00600 0 0 1 C 0 0 1 1 0 0.00600 0.00000 0.00600 0 0 1 D 0 0 1 1 0 0.00600 0.00000 0.00600 0 0 1 A 0 0 1 1 1 0 0 0 1 B 0 0 1 1 1 0 0 0 1 C 0 0 1 1 1 0 0 0 1 D 0 0 1 1 1 0 0 0 1 A 1 B 1 C 1 D 1 DATE REBATE COMPUTATION PERFORMED ISSUER NAME: THE BERKS COUNTY MUNICIPAL AUTHORITY DATE THE REBATE COMPUTATION WAS PERFORMED: 01/03/2018 ISSUER NAME: THE BERKS COUNTY MUNICIPAL AUTHORITY DATE THE REBATE COMPUTATION WAS PERFORMED: 02/01/2018 ISSUER NAME: THE BERKS COUNTY MUNICIPAL AUTHORITY DATE THE REBATE COMPUTATION WAS PERFORMED: 02/01/2018 ISSUER NAME: THE BERKS COUNTY MUNICIPAL AUTHORITY DATE THE REBATE COMPUTATION WAS PERFORMED: 02/01/2018 SCHEDULE K, PART IV, LINES 2A-2C: 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: THE TOTAL PROCEEDS DO NOT AGREE TO THE ISSUE PRICE IN PART I, COLUMN(E) DUE TO INVESTMENT EARNINGS. A WERNERSVILLE MUNICIPAL AUTHORITY 231627474 2017-12-20 3430000 ACQUIRE PROPERTY & REFUND ISSUE 0 0 0 A 386206 3468217 53722 3414495 2020 0 0 1 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 A 0 1 0 0 1 0 0 0 1 A 1 JOHN WEIDENHAMMER FORMER BOARD TRUSTEE AND OWNER OF WEIDENHAMMER SYSTEMS 149234 MR. WEIDENHAMMER IS OWNER OF WEIDENHAMMER SYSTEMS. THE ENTITY PROVIDES INFORMATION TECHNOLOGY SERVICES TO THE COLLEGE. ALL TRANSACTIONS ARE AT ARM'S LENGTH. 0 FORM 990, PART VI, SECTION A, LINE 3 THE COLLEGE ENGAGES ARAMARK CORPORATION TO PROVIDE FOOD SERVICES FOR THE COLLEGE COMMUNITY. BARNES AND NOBLE COLLEGE BOOKSTORE, LLC OPERATES AND PROVIDES SERVICES FOR THE COLLEGE'S BOOKSTORE. BRIGHT HORIZONS FAMILY SOLUTIONS OPERATES THE ALBRIGHT EARLY LEARNING CENTER. FORM 990, PART VI, SECTION B, LINE 11B 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, SECTION B, LINE 12C 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, SECTION B, LINE 15 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, SECTION C, LINE 19 GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF ANNUITY CONTRACT AGREEMENTS 73,806. NORTH THIRTEENTH STREET INC 13TH BERN STREETS PO BOX 14988 READING PA 196124988 232362385 REAL ESTATE RENTAL PA ALBRIGHT COLLEGE C 1.00000 1 ALBRIGHT COLLEGE COSTA RICA SA EL PATIO BUILDING 3RD FLOOR SAN JOSE CS LAND INVESTMENT CS ALBRIGHT COLLEGE C -72886 181615 1.00000 1 0 0 0 1 0 0 0 0 0 1 1 0 0 0 1 1 1 1 0 ALBRIGHT COLLEGE COSTA RICA SA D 322909 COST