2025-05-14T06:18:10-05:00 2024-06-30 390859910 BAKER TILLY ADVISORY GROUP LP 1570 FRUITVILLE PIKE SUITE 400 LANCASTER PA 17601 990 2023-07-01 231352354 LEBANON VALLEY COLLEGE LEBA 7178676421 101 NORTH COLLEGE AVENUE ANNVILLE PA 17003 DANIEL CHIRICO CHIEF FINANCIAL OFFICER 7178676421 2025-05-10 1 1 KERRI N BOGDA CPA P00760402 7177404863 2025-05-10 2023 2025-03-06 01:10:19Z JAMES MACLAREN 101 NORTH COLLEGE AVENUE ANNVILLE PA 17003 160043704 0 X WWW.LVC.EDU X 1866 PA PROVIDES EDUCATIONAL SERVICES AT THE UNDERGRADUATE AND GRADUATE LEVEL. 37 32 1568 471 110793 0 7922779 9433352 101282484 107717343 1452366 2568255 840217 846524 111497846 120565474 50837218 55399386 0 0 36710101 36913794 0 0 1295070 25496076 27361476 113043395 119674656 -1545549 890818 254714758 268826050 61493172 62795038 193221586 206031012 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 109075094 55399386 107907048 LEBANON VALLEY COLLEGE, FOUNDED IN 1866, OFFERS 50 MAJORS IN THE HEALTH PROFESSIONS, SCIENCES, BUSINESS AND DIGITAL MEDIA, ARTS AND HUMANITIES, AND EDUCATION. HANDS-ON LEARNING, INTERNSHIPS, AND RESEARCH ARE EMPHASIZED. LVC OFFERS FIVE DIRECT-ENTRY (BACHELOR'S TO MASTER'S) PROGRAMS IN ACCOUNTING/MBA 3+1, ATHLETIC TRAINING 3+2, CLINICAL MENTAL HEALTH COUNSELING 3+2, ENGINEERING 3+2, AND SPEECH-LANGUAGE PATHOLOGY 3+2, AND A NATIONALLY RECOGNIZED SIX-YEAR DOCTOR OF PHYSICAL THERAPY PROGRAM. THERE ARE OVER A DOZEN GRADUATE DEGREES, INCLUDING AN MBA AND MASTER'S IN CLINICAL MENTAL HEALTH COUNSELING, EDUCATION, EXERCISE SCIENCE, AND INTELLIGENCE AND SECURITY STUDIES. (CONTINUED ON SCHEDULE O.)CLOSE FACULTY-STUDENT RELATIONSHIPS AND MENTORING ARE HALLMARKS OF THE LVC EXPERIENCE ON ITS BEAUTIFUL 370-ACRE CAMPUS. THE COLLEGE ENCOURAGES STUDENT PARTICIPATION IN ATHLETICSWITH 40% COMPETING AS NCAA DIVISION III STUDENT-ATHLETES IN THE MIDDLE ATLANTIC CONFERENCEAND STUDENT LEADERSHIP AND INVOLVEMENT IN OVER 90 CLUBS AND ORGANIZATIONS, MANY OF WHICH ARE COMMUNITY-SERVICE FOCUSED. LVC OFFERS GENEROUS FINANCIAL AID AND GUARANTEED MERIT SCHOLARSHIPS THAT EXCEEDED $52 MILLION IN 2024-25. 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. LOCATED EIGHT MILES FROM HERSHEY, PENNSYLVANIA, THIS COLLEGE OF 1,600 UNDERGRADUATE AND 400+ GRADUATE STUDENTS PRODUCES ALUMNI WHO ATTEND PRESTIGIOUS GRADUATE AND PROFESSIONAL SCHOOLS AND ARE EMPLOYED BY TOP COMPANIES AND SCHOOL DISTRICTS. 109075094 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 3047 0 1568 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 37 32 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 387827 0 86437 TRACEY A STOVER CHAIR 1.00 0.00 X X 0 0 0 KRISTEN R ANGSTADT 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 ELIZABETH R UNGER ASSISTANT SECRETARY 1.00 0.00 X X 0 0 0 ALLISON ABAYASEKARA TRUSTEE 1.00 0.00 X 0 0 0 KATHERINE J BISHOP TRUSTEE 1.00 0.00 X 0 0 0 MARY JEAN BISHOP TRUSTEE 1.00 0.00 X 0 0 0 EDWARD D BREEN 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 SETH MENDELSOHN TRUSTEE/ADJUNCT FACULTY 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 MELISSA POOLE 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 JOHN SCHOL 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 SEAN DROMS FACULTY TRUSTEE 1.00 0.00 X 66884 0 24437 JOEL KLINE FACULTY TRUSTEE 1.00 0.00 X 78215 0 27755 RACHEL ALBERT FACULTY TRUSTEE 1.00 0.00 X 70916 0 13274 ANDREW KALMANOWICZ STUDENT TRUSTEE 1.00 0.00 X 2537 0 0 MARINA CASSATT STUDENT TRUSTEE 1.00 0.00 X 395 0 0 CHRISTOPHER DOLAN FACULTY TRUSTEE (UNTIL 5/2024) 1.00 0.00 X 114245 0 16611 SYDNEY LELIT STUDENT TRUSTEE (UNTIL 5/2024) 1.00 0.00 X 2653 0 0 MATTHEW WEAVER SECRETARY/VP ADVANCEMENT 40.00 0.00 X 193283 0 28754 SHAWN P CURTIN TREASURER/VP FINANCE (UNTIL 7/2023) 40.00 0.00 X 122448 0 23765 WENDY ALBERT UNTIL 122023 INTERIM VP OF FINANCE & ADMIN. 40.00 0.00 X 182540 0 16194 SUSAN TAMMARO PROVOST & VP ACADEMIC AFFA 40.00 0.00 X 230908 0 27838 EDWIN WRIGHT VP OF ENROLLMENT MANAGEMEN 40.00 0.00 X 205452 0 86816 STAN DACKO UNTIL 72023 ASSO. PROFESSOR OF PHYSICA 40.00 0.00 X 222732 0 18587 DAVID SHAPIRO SR. DIRECTOR OF IT 40.00 0.00 X 165293 0 33850 ROBERT MIKUS VP STUDENT AFFAIRS/DEAN OF 40.00 0.00 X 156793 0 72958 COLLEEN MARSHALL CHAIR AND ASSOCIATE PROFESSOR OF NURSING 40.00 0.00 X 152018 0 29652 JEFFREY SNYDER UNTIL 82023 PROFESSOR OF MUSIC 40.00 0.00 X 144218 0 10209 2499357 0 517137 41 0 1 0 METZ CULINARY MANAGEMENT TWO WOODLAND DRIVE DALLAS PA 18612 FOOD SERVICES 4530270 SCHNEIDER ELECTRIC BUILDING AMERICAS IN 1650 W CROSBY RD CARROLLTON TX 75006 CONSTRUCTION SERVICES 1887147 PYRAMID CONSTRUCTION SERVICES LLC 840 N FRONT STREET WORMLEYSBURG PA 17043 CONSTRUCTION SERVICES 1452184 LAERDAL MEDICAL CORPORATION 167 MYERS CORNERS ROAD WAPPINGERS FALLS NY 12590 EDUCATIONAL SERVICES 774879 STEWART & TATE INC 950 SMILE WAY YORK PA 17404 CONSTRUCTION SERVICES 495636 27 6210 68617 4264054 5094471 374084 9433352 STUDENT TUITION AND FEES 611310 91396729 91396729 AUXILIARY ENTERPRISES 611310 16320614 16320614 107717343 2047585 -32085 2079670 112189 68030 44159 44159 44159 39884770 39364100 520670 520670 520670 35333 68617 46100 -10767 -10767 ATHLETIC CAMPS & TOURNAMENTS 713990 189705 189705 CONFERENCE SERVICES 721000 94405 94405 ARNOLD SPORTS CENTER 713990 48473 48473 480549 480549 813132 120565474 107907048 110793 3114281 123350 123350 55276036 55276036 1835531 1138423 461079 236029 25915916 22331521 3190962 393433 1853747 1590321 218099 45327 5274414 4471532 679883 122999 2034186 1716526 271993 45667 210529 105265 105264 114594 114594 30000 30000 271000 271000 5911618 5216087 596227 99304 1461828 1359500 102328 2875140 2574847 237788 62505 167882 160151 7731 1988332 1780280 190445 17607 1053310 916379 73732 63199 896648 815949 72629 8070 7494181 6819705 607029 67447 1144775 1041745 92727 10303 REPAIRS & MAINTENANCE 1921697 1322683 584085 14929 LIBRARY MATERIALS 613868 613868 MISCELLANEOUS 406264 374138 32062 64 STUDENT CLUBS & ORGS. 223299 223299 576511 348395 222257 5859 119674656 109075094 9304492 1295070 4000 4000 19196688 23155233 11315673 9726733 6729152 3891505 22821 17203 1276007 2105915 254443313 136114491 117495931 118328822 17566155 10308369 71172774 90909128 727535 491535 9208022 9887607 254714758 268826050 10590165 6423442 146366 166362 47822875 53256097 376376 377646 2557390 2571491 61493172 62795038 X 108287812 113533599 84933774 92497413 193221586 206031012 254714758 268826050 X 890818 11584750 333858 X 0 1 X 1 1 1 X 10795301 16909172 16355945 7922779 9433352 61416549 10795301 16909172 16355945 7922779 9433352 61416549 5113217 56303332 1857344 1192064 1510520 1471647 2159774 8191349 303003 167167 293122 478703 515882 1757877 71365775 491483906 0.78890 0.83420 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: NONCHARITABLE RECEIPTS FROM FUNDRAISING EVENTS - 2019 AMOUNT: $ 19,418. 2020 AMOUNT: $ 24,274. 2021 AMOUNT: $ 37,494. 2022 AMOUNT: $ 40,941. 2023 AMOUNT: $ 35,333. BARNES AND NOBLES COMMISSION - 2019 AMOUNT: $ 121,397. 2020 AMOUNT: $ 83,091. 2021 AMOUNT: $ 95,451. 2022 AMOUNT: $ 86,106. 2023 AMOUNT: $ 89,791. OTHER INCOME - 2019 AMOUNT: $ 162,188. 2020 AMOUNT: $ 59,802. 2021 AMOUNT: $ 160,177. 2022 AMOUNT: $ 351,656. 2023 AMOUNT: $ 390,758. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 0 1 30000 30000 0 PART II-B, LINE 1: THE COLLEGE PAID $30,000 TO LONG NYQUIST & ASSOCIATES TO ASSIST IN IDENTIFYING AND APPLYING FOR ELIGIBLE GRANTS. X X X 0 83810191 5864779 12269653 1716262 1873188 98355173 78154157 2496520 6832799 1778797 1894488 83810191 85736790 6373636 -10820737 1543292 1592240 78154157 67825446 1339012 19707854 1525498 1610024 85736790 68779262 2509653 -327949 1502891 1632629 67825446 0.22000 0.58000 0.20000 0 0 2474725 2474725 204261457 99979345 104282112 24923261 21468998 3454263 22783870 14666148 8117722 118328822 ALTERNATIVE INVESTMENTS 90636350 F CSV LIFE INSURANCE POLICIES 272778 F 90909128 LIABILITY ON ANNUITY CONTRACTS 611426 STUDENT CREDIT BALANCES AND DEPOSITS 1064456 ADVANCES FROM FEDERAL GOVERNMENT FOR STUDENT LOANS 895609 2571491 X 79337960 11584750 -52926394 -41341644 120679604 -114130 -114130 120565474 66528534 -249282 -249282 66777816 52896840 52896840 119674656 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 -29,554. INVESTMENT EXPENSES NETTED AGAINST REVENUE ON FINANCIALS -271,000. STUDENT EDUCATIONAL GRANTS NETTED AGAINST REVENUE ON FINANCIALS -52,625,840. PART XI, LINE 4B - OTHER ADJUSTMENTS: RENTAL EXPENSES -68,030. FUNDRAISING EXPENSES -46,100. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSE 68,030. FUNDRAISING EXPENSES 46,100. CHANGE IN VALUE OF INTEREST RATE SWAP AGREEMENT -363,412. PART XII, LINE 4B - OTHER ADJUSTMENTS: INVESTMENT EXPENSES NETTED AGAINST REVENUE ON FINANCIALS 271,000. STUDENT EDUCATIONAL GRANTS NETTED AGAINST REVENUE ON FINANCIALS 52,625,840. 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 133639 CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, 0 0 PROGRAM SERVICE EXPENSES STUDY ABROAD PROGRAM 15164 EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM 0 0 PROGRAM SERVICE EXPENSES STUDY ABROAD PROGRAM 304290 EAST ASIA AND THE PACIFIC - AUSTRALIA, BRUNEI, BURMA, CAMBODIA, 0 0 PROGRAM SERVICE EXPENSES STUDY ABROAD PROGRAM 230004 NORTH AMERICA 0 0 PROGRAM SERVICE EXPENSES STUDY ABROAD PROGRAM 2909 0 0 0 0 0 0 686006 0 686006 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 2023. LVEP GOLF TOURNAMENT 50385 34029 16356 4700 3551 4210 LVC GOLF CLASSIC 20165 11420 8745 2970 1714 4970 2 33400 23168 10232 10987 8010 4988 103950 68617 35333 18657 13275 14168 46100 -10767 1 ANNVILLE TOWNSHIP 36 NORTH LANCASTER STREET ANNVILLE PA 17003 236003026 N/A 95850 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 1631 52460585 0 N/A N/A PELL GRANTS 426 2193223 0 N/A N/A STUDENT AWARDS 179 433123 0 N/A N/A SEOG GRANTS 66 167111 0 N/A N/A TEACH GRANTS 4 11316 0 N/A N/A FACULTY ACADEMIC GRANTS 9 10678 0 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 1 0 0 0 0 0 0 0 0 JAMES MACLAREN PRESIDENT 378827 0 0 0 9000 0 29700 0 56737 0 474264 0 0 0 EDWIN WRIGHT VP OF ENROLLMENT MANAGEMEN 205452 0 0 0 0 0 19096 0 67720 0 292268 0 0 0 SUSAN TAMMARO PROVOST & VP ACADEMIC AFFA 230908 0 0 0 0 0 20250 0 7588 0 258746 0 0 0 STAN DACKO UNTIL 72023 ASSO. PROFESSOR OF PHYSICA 71300 0 0 0 151432 0 6734 0 11853 0 241319 0 0 0 ROBERT MIKUS VP STUDENT AFFAIRS/DEAN OF 156793 0 0 0 0 0 14081 0 58877 0 229751 0 0 0 MATTHEW WEAVER SECRETARY/VP ADVANCEMENT 193283 0 0 0 0 0 17210 0 11544 0 222037 0 0 0 DAVID SHAPIRO SR. DIRECTOR OF IT 165293 0 0 0 0 0 13327 0 20523 0 199143 0 0 0 WENDY ALBERT UNTIL 122023 INTERIM VP OF FINANCE & ADMIN. 182540 0 0 0 0 0 15886 0 308 0 198734 0 0 0 COLLEEN MARSHALL CHAIR AND ASSOCIATE PROFESSOR OF NUR 152018 0 0 0 0 0 13523 0 16129 0 181670 0 0 0 JEFFREY SNYDER UNTIL 82023 PROFESSOR OF MUSIC 57498 0 0 0 86720 0 5203 0 5006 0 154427 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 $977 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. PART I, LINE 4A SEVERANCE PAYMENTS WERE MADE TO EMPLOYEES, STAN DACKO ($151,432) AND JEFFREY SNYDER ($86,720) 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 3908288 40935000 212181 40722819 2019 1 0 1 1 B 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 10.500000000000 0 0 0 0 1 B 0 1 0 0 0 1 FIRST NATIONAL BANK 3.500000000000 0 0 0 0 1 A 1 B 1 48890 SCHOLARSHIPS SCHOLARSHIP X 13 350084 CLOSING PRICE X INSTRUMENTS 1 12500 COST X CARPET/EQUIPMENT 1 11500 APPRAISAL 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 - CHRISTOPHER DOLAN - ANDREW KALMANOWICZ - MARINA CASSATT - SYDNEY LELIT FORM 990, PART XI, LINE 9: CHANGE IN CASH SURRENDER VALUE OF LIFE INSURANCE POLICY -29,554. CHANGE IN VALUE OF INTEREST RATE SWAP AGREEMENT 363,412. 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 0 322 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