2025-04-14T15:14:55-05:00 2024-06-30 251408703 SCHNEIDER DOWNS & CO INC ONE PPG PLACE SUITE 1700 PITTSBURGH PA 15222 990 2023-07-01 250965212 ALLEGHENY COLLEGE ALLE 8143324790 520 NORTH MAIN STREET MEADVILLE PA 16335 DR DEBRA L FITZSIMONS CHIEF FINANCIAL OFFICER 8143324790 2025-03-13 1 0 SARAH R PIOT P01358891 4122613644 2023 2025-03-06 01:10:19Z RONALD B COLE PHD 520 NORTH MAIN STREET MEADVILLE PA 16335 207973689 0 X WWW.ALLEGHENY.EDU X 1817 PA FOUR YEAR INSTITUTION OF HIGHER EDUCATION. 34 31 1409 59 -474728 0 20664653 38791401 90159577 90356147 5700644 12140046 72019 -101307 116596893 141186287 49268014 46674722 0 0 39453002 38035841 0 0 3550099 42643853 43880438 131364869 128591001 -14767976 12595286 415584668 439967356 67964962 64091771 347619706 375875585 X ALLEGHENY'S UNDERGRADUATE RESIDENTIAL EDUCATION PREPARES YOUNG ADULTS FOR SUCCESSFUL, MEANINGFUL LIVES BY PROMOTING STUDENTS' INTELLECTUAL, MORAL AND SOCIAL DEVELOPMENT, AND ENCOURAGING PERSONAL AND CIVIC RESPONSIBILITY. SEE CONTINUATION ON SCHEDULE O.ALLEGHENY'S FACULTY AND STAFF COMBINE HIGH ACADEMIC STANDARDS AND A COMMITMENT TO THE EXCHANGE OF KNOWLEDGE WITH A SUPPORTIVE APPROACH TO LEARNING. GRADUATES ARE EQUIPPED TO THINK CRITICALLY AND CREATIVELY, WRITE CLEARLY, SPEAK PERSUASIVELY, AND MEET CHALLENGES IN A DIVERSE INTERCONNECTED WORLD. 0 0 98753811 46674722 63847569 INSTRUCTION & SCHOLARSHIP EXPENDITURES: FOUNDED IN 1815, ALLEGHENY COLLEGE RANKS AMONG THE OLDEST 1% OF COLLEGES AND UNIVERSITIES AND IS THE 32ND OLDEST COLLEGE IN THE UNITED STATES. PROVIDING A FOUR YEAR HIGHER EDUCATION IN THE LIBERAL ARTS AND SCIENCES GIVING STUDENTS MORE CHOICES, MORE OPPORTUNITIES, AND MORE CHALLENGES. ALLEGHENY IS ONE OF THE FEW LIBERAL ARTS COLLEGES IN THE COUNTRY THAT WILL ASK STUDENTS TO CHOOSE BOTH A MAJOR AND A MINOR (OUTSIDE THE DIVISION OF THEIR MAJOR) BY THE END OF THEIR SOPHOMORE YEAR. THE COLLEGE HAS BEEN RECOGNIZED BY THE COUNCIL OF UNDERGRADUATE RESEARCH WITH THEIR AWARD FOR UNDERGRADUATE RESEARCH ACCOMPLISHMENT.SEE CONTINUATION ON SCHEDULE O.THE COLLEGE PROVIDED $45 MILLION TO FINANCIALLY ASSIST STUDENTS ATTAIN THEIR DEGREE FROM GIFTS, GRANTS, ENDOWMENT INCOME AND COLLEGE RESOURCES.ALLEGHENY ACHIEVED CLIMATE NEUTRALITY IN 2020. THERE ARE 40 MAJOR BUILDINGS ON CAMPUS, A CENTRAL CAMPUS AREA OF 79 ACRES, A RECREATION AREA AROUND CAMPUS OF 203 ACRES, AND THE BOUSSON FOREST NATURE PRESERVE OF 283 ACRES. 14766046 26508578 AUXILIARY ENTERPRISES: THE COLLEGE'S AUXILIARIES EXIST PRIMARILY TO FURNISH GOODS AND SERVICES TO ENROLLED STUDENTS, FACULTY AND STAFF. THESE SERVICES PRIMARILY CONSIST OF ON-CAMPUS HOUSING SERVICES AND DINING SERVICES. 113519857 1 1 0 0 0 0 0 1 0 1 1 1 0 0 1 1 1 0 1 0 1 0 1 0 1 0 0 1 1 1 1 0 0 0 0 0 0 1 0 0 1 1 0 0 0 0 1 0 0 0 1 2058 0 1 1409 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 34 31 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 AL AK AZ AR CA CO CT DC FL GA HI ID KS KY LA ME MD MA MI MN MS MO NV NH NJ NM NY NC ND OH OK OR PA RI SC TN TX UT VA WA WV WI X LINDA S WETSELL VP OF FINANCE AND CFO 8143324790 520 NORTH MAIN STREET MEADVILLE PA 16335 RONALD B COLE PHD PRESIDENT 50.00 X X 323380 0 38063 KEVIN BAIRD TRUSTEE 2.00 X 0 0 0 ED BORKOWSKI TRUSTEE 2.00 X 0 0 0 WILLOW BROST TRUSTEE 2.00 X 0 0 0 MARK CAMPBELL TRUSTEE 2.00 X 0 0 0 CURT A CRAMER TRUSTEE 2.00 X 0 0 0 JENNIFER DAURORA TRUSTEE 2.00 X 0 0 0 GARY M ELLIOTT TRUSTEE 2.00 X 0 0 0 TERRENCE L HARTFORD TRUSTEE 2.00 X 0 0 0 ALY KASSAM-REMTULLA TRUSTEE 2.00 X 0 0 0 DUSTY E KIRK TRUSTEE 2.00 X 0 0 0 JOHN KUTZ TRUSTEE 2.00 X 0 0 0 MARK MARUSZEWSKI TRUSTEE 2.00 X 0 0 0 BISHOP CYNTHIA MOORE-KOIKIO TRUSTEE 2.00 X 0 0 0 AFUA OSEI TRUSTEE 2.00 X 0 0 0 DERRICK OWENS TRUSTEE 2.00 X 0 0 0 THOMAS J SADVARY TRUSTEE 2.00 X 0 0 0 JULIE G SKATTUM TRUSTEE 2.00 X 0 0 0 SUE STEVEN TRUSTEE 2.00 X 0 0 0 HAYES C STOVER TRUSTEE 2.00 X 0 0 0 JOHN F SUTPHEN TRUSTEE 2.00 X 0 0 0 EDDIE TAYLOR JR TRUSTEE 2.00 X 0 0 0 BRUCE R THOMPSON TRUSTEE 2.00 X 0 0 0 PATRICIA BUSH TIPPIE TRUSTEE 2.00 X 0 0 0 KAREN UBELHART TRUSTEE 2.00 X 0 0 0 JAMES O WIBLE TRUSTEE 2.00 X 0 0 0 SANDRA WYCOFF TRUSTEE 2.00 X 0 0 0 ELLEN YOUNT TRUSTEE 2.00 X 0 0 0 NANCY A YOVETICH TRUSTEE 2.00 X 0 0 0 DOUGLAS F ZIEGLER TRUSTEE 2.00 X 0 0 0 LANCE ZINGALE JR TRUSTEE 2.00 X 0 0 0 MARY H FEELEY CHAIR 2.00 X X 0 0 0 STEVEN D LEVINSKY VICE CHAIR 2.00 X X 0 0 0 ANTONIO DIAS SECRETARY 2.00 X X 0 0 0 LINDA S WETSELL CFO/ VP OF FINANCE 50.00 X 234901 0 31971 ANGELA HADDAD PROVOST AND DEAN OF THE COLLEGE 50.00 X 211782 0 30023 MATTHEW STINSON VP FOR INSTITUTIONAL ADVANCEMENT 50.00 X 236379 0 20960 ELLEN JOHNSON VP FOR ENROLLMENT 50.00 X 208396 0 10893 IAN BINNINGTON DEAN FOR STUDENT SUCCESS 50.00 X 161550 0 10335 HEATHER ROBERSON DEAN OF DIVERSITY, EQUITY & INCLUSION 50.00 X 132411 0 15137 JOSEPH MICHAEL DIRECTOR OF FACILITIES 50.00 X 130770 0 9009 JENNIFER DEARDEN ASSOCIATE PROVOST 50.00 X 128510 0 8608 WILLIAM ROSS DIR OF ATHLETICS & RECREATION 50.00 X 126918 0 23152 HILARY LINK FORMER PRESIDENT 0.00 X 306411 0 26088 2201408 0 224239 26 1 1 0 ARAMARK SERVICES PO BOX 978839 DALLAS TX 753978839 FOOD SERVICE 8050738 ST MORITZ BUILDING SERVICES INC P O BOX 5018 GREENSBURG PA 156015118 CLEANING SERVICE 2593645 NETWORKING TECHNOLOGIES 3910 CAUGHEY ROAD STE 120 ERIE PA 16506 NETWORKING 2106657 ASSOCIATED CONTRACTORS 182 WESTVIEW DRIVE MEADVILLE PA 16335 CONSTRUCTION 946892 CARNEGIE DARTLET LLC 210 LITTLETON ROAD WESTFORD MA 01886 MARKETING 660224 70 34705 1211531 37545165 5334449 38791401 TUITION AND FEES 611710 63847569 63847569 AUXILIARY REVENUE 611710 26508578 26508578 90356147 4173905 -474728 4648633 95627 59795 35832 35832 35832 73887128 305282 65557147 669122 8329981 -363840 7966141 7966141 15140 34705 27581 -12441 -12441 349059 473757 -124698 -124698 141186287 90356147 -474728 12513467 100000 100000 45526696 45526696 1048026 1048026 1329717 1329717 27565482 24091501 1443041 2030940 1007478 877035 30658 99785 6196355 5038246 838958 319151 1936809 1636315 154091 146403 6526846 6526846 229739 229739 110247 4584 105663 3034322 3034322 948174 828310 85126 34738 676252 676252 3169803 2400727 378022 391054 1839302 1837754 774 774 8742169 7344361 1397213 595 2582872 1845312 417936 319624 2039646 2039646 6460547 5900418 560129 1078192 1078192 CONSULTING 3618078 1978608 1512677 126793 LIBRARY BOOKS 656661 656661 2167588 2084367 2979 80242 128591001 113519857 11521045 3550099 1854538 3052186 14345754 12885528 1325623 23217862 1201657 1390029 1749623 1002572 697293 721721 279395536 167427079 113343466 111968457 104590844 108127840 168636595 169167200 7839275 8433961 415584668 439967356 13758204 13922081 94763 0 50655398 48944959 3456597 1224731 67964962 64091771 X 95006103 96031473 252613603 279844112 347619706 375875585 415584668 439967356 X 12595286 16614450 -953857 X X 0 1 X 1 1 1 X 18830018 10111431 17211019 20664653 38791401 105608522 18830018 10111431 17211019 20664653 38791401 105608522 8589256 97019266 3604263 2459590 1347476 3582864 4269532 15263725 38546 38546 248220 153420 306514 311266 349059 1368479 122279272 409656267 0.79340 0.81020 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: GROSS SALES OF INVENTORY - 2019 AMOUNT: $ 248,220. 2020 AMOUNT: $ 153,420. 2021 AMOUNT: $ 306,514. 2022 AMOUNT: $ 311,266. 2023 AMOUNT: $ 349,059. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1837002 X X X X 0 266123708 6408097 22719923 18244607 277007121 261632496 8858775 13607387 17974950 266123708 287735598 4803909 -11330902 19576109 261632496 229054225 2184827 76441487 19944941 287735598 230378102 4138816 9550899 15013592 229054225 0.14600 0.47570 0.37830 0 0 15188189 15188189 204668007 123551521 81116486 351294 351294 0 29521570 22724722 6796848 29666476 20799542 8866934 111968457 VENTURE CAPITAL/PRIVATE EQUITY 79966308 F HEDGE FUNDS 39589229 F PRIVATE REAL ESTATE 24830494 F FIXED INC COMMON TRST FUND 22639623 F EQUITY-METHOD INVESTMENT 2141546 F 169167200 ADVANCES FOR STUDENT LOANS 736237 STUDENTS DEPOSITS 467541 TRUSTS HELD FOR OTHERS 20953 1224731 X 108919512 16614450 561133 17175583 91743929 3034322 46408036 49442358 141186287 80663632 561133 561133 80102499 3034322 45454180 48488502 128591001 PART III, LINE 4: CONTRIBUTED WORKS OF ART, HISTORICAL TREASURES, AND LITERATURE ARE USED BY THE STUDENTS AND FACULTY FOR EDUCATIONAL PURPOSES. PART V, LINE 4: DONOR-ESTABLISHED ENDOWMENTS AT ALLEGHENY COLLEGE PROVIDE SUPPORT FOR NEARLY EVERY ASPECT OF CAMPUS OPERATIONS, INCLUDING SCHOLARSHIPS, STUDENT-FACULTY RESEARCH, INTERNSHIPS, STUDY AWAY, PROFESSORSHIPS, ATHLETICS, LIBRARY MATERIALS, LABORATORY SUPPLIES, TECHNOLOGY AND OUR BEAUTIFUL BUILDINGS AND GROUNDS. PART X, LINE 2: THE COLLEGE FOLLOWS FASB GUIDANCE FOR ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES, WHICH PROVIDES CRITERIA FOR THE RECOGNITION AND MEASUREMENT OF UNCERTAIN TAX POSITIONS. THIS GUIDANCE REQUIRES THAT AN UNCERTAIN TAX POSITION SHOULD BE RECOGNIZED ONLY IF IT IS "MORE LIKELY THAN NOT" THAT THE POSITION IS SUSTAINABLE BASED ON ITS TECHNICAL MERITS. RECOGNIZABLE TAX POSITIONS SHOULD THEN BE MEASURED TO DETERMINE THE AMOUNT OF BENEFIT RECOGNIZED IN THE FINANCIAL STATEMENTS. THE COLLEGE FILES U.S. FEDERAL, STATE AND LOCAL INFORMATION RETURNS, AND NO RETURNS ARE CURRENTLY UNDER EXAMINATION. THE STATUTE OF LIMITATIONS ON THE COLLEGE'S U.S. FEDERAL TAX RETURNS REMAINS OPEN FOR THE YEARS ENDED JUNE 30, 2021 THROUGH THE PRESENT. THE COLLEGE CONTINUES TO EVALUATE ITS TAX POSITIONS PURSUANT TO THE PRINCIPLES OF FASB GUIDANCE AND HAS DETERMINED THAT THERE IS NO MATERIAL IMPACT ON THE COLLEGE'S FINANCIAL STATEMENTS. PART XI, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EVENT EXPENSES 27,581. COST OF SALES 473,757. RENTAL EXPENSES 59,795. PART XI, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 45,454,180. CHANGE IN VALUE OF SPLIT-INTEREST AGREEMENTS 953,856. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EVENT EXPENSES 27,581. COST OF SALES 473,757. RENTAL EXPENSES 59,795. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 45,454,180. 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 COLLEGE PUBLISHES ITS NONDISCRIMINATION POLICY IN LOCAL AND REGIONAL NEWSPAPERS. IN ADDITION, THE POLICY IS INCLUDED IN THE COLLEGE CATALOGS AND RECRUITING MATERIALS. SCHEDULE E, PART I, LINE 6 THE COLLEGE RECEIVES GRANTS UNDER VARIOUS STATE AND FEDERAL PROGRAMS. 1 EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM 0 0 PROGRAM SERVICES STUDY ABROAD PROGRAMS; 14 STUDENT PARTICIPANTS 423575 CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, 0 0 PROGRAM SERVICES STUDY ABROAD PROGRAMS; 1 STUDENT PARTICIPANT 23550 EAST ASIA AND THE PACIFIC - AUSTRALIA, BRUNEI, BURMA, CAMBODIA, 0 0 PROGRAM SERVICES STUDY ABROAD PROGRAMS, 1 STUDENT PARTICIPANTS 39032 MIDDLE EAST AND NORTH AFRICA - ALGERIA, BAHRAIN, DJIBOUTI, EGYPT, 0 0 PROGRAM SERVICES STUDY ABROAD PROGRAMS, 3 STUDENT PARTICIPANTS 48900 SOUTH AMERICA - ARGENTINA, BOLIVIA, BRAZIL, CHILE, COLUMBIA, ECUADOR, 0 0 PROGRAM SERVICES STUDY ABROAD PROGRAMS, 2 STUDENT PARTICIPANTS 53800 SUB-SAHARAN AFRICA - ANGOLA, BENIN, BOTSWANA, BURKINA FASO, 0 0 PROGRAM SERVICES STUDY ABROAD PROGRAMS, 1 STUDENT PARTICIPANTS 76925 EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM 0 0 PROGRAM SERVICES SCHOLARSHIP 574043 EAST ASIA AND THE PACIFIC - AUSTRALIA, BRUNEI, BURMA, CAMBODIA, 0 0 PROGRAM SERVICES SCHOLARSHIP 159112 CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, 0 0 PROGRAM SERVICES SCHOLARSHIP 29000 MIDDLE EAST AND NORTH AFRICA - ALGERIA, BAHRAIN, DJIBOUTI, EGYPT, 0 0 PROGRAM SERVICES SCHOLARSHIP 108006 SOUTH AMERICA - ARGENTINA, BOLIVIA, BRAZIL, CHILE, COLUMBIA, ECUADOR, 0 0 PROGRAM SERVICES SCHOLARSHIP 87121 SUB-SAHARAN AFRICA - ANGOLA, BENIN, BOTSWANA, BURKINA FASO, 0 0 PROGRAM SERVICES SCHOLARSHIP 90744 CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, 0 0 INVESTMENTS 27885898 0 0 0 0 0 0 1398937 28200769 29599706 SCHOLARSHIP MIDDLE EAST AND NORTH AFRICA - ALGERIA, BAHRAIN, DJIBOUTI, EGYPT, 4 108006 DIRECT TRANSFER TO STUDENT`S ACCOUNT 0 N/A N/A SCHOLARSHIP EAST ASIA AND THE PACIFIC - AUSTRALIA, BRUNEI, BURMA, CAMBODIA, 7 159112 DIRECT TRANSFER TO STUDENT`S ACCOUNT 0 N/A N/A SCHOLARSHIP CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, 1 29000 DIRECT TRANSFER TO STUDENT`S ACCOUNT 0 N/A N/A SCHOLARSHIP EUROPE (INCLUDING ICELAND & GREENLAND) 39 574043 DIRECT TRANSFER TO STUDENT`S ACCOUNT 0 N/A N/A SCHOLARSHIP SOUTH AMERICA 3 87121 DIRECT TRANSFER TO STUDENT`S ACCOUNT 0 N/A N/A SCHOLARSHIP SUB-SAHARAN AFRICA 4 90744 DIRECT TRANSFER TO STUDENT`S ACCOUNT 0 N/A N/A 1 0 1 0 1 0 PART I, LINE 2: THE COLLEGE DOES NOT ISSUE GRANTS OUTSIDE THE U.S., BUT IT DOES INCUR EXPENSES FOR STUDENTS STUDYING ABROAD. STUDENTS PAY THEIR REGULAR ALLEGHENY COLLEGE TUITION, AND THE COLLEGE IN TURN PAYS THEIR TUITION TO THE FOREIGN INSTITUTION THAT THEY WILL BE ATTENDING. THOSE EXPENSES ARE TRACKED IN THE STUDY ABROAD OFFICE AND IN THE GENERAL LEDGER. THE COLLEGE FOLLOWS FEDERAL, STATE, AND INSTITUTIONAL GUIDELINES FOR DETERMINING ELIGIBILITY FOR SCHOLARSHIPS, PRIZES, AND OTHER GRANTS AND AWARDS. THE COLLEGE MAINTAINS RECORDS SHOWING RECIPIENT ELIGIBILITY, HOW FUNDS MAY BE USED, AND ANY RELATED PARTY DISCLOSURES. GRANTS AWARDED BY THE OFFICE OF FINANCIAL AID ARE CREDITED DIRECTLY TO THE STUDENT ACCOUNTS. OTHER GRANTS ARE MONITORED IN VARIOUS WAYS, INCLUDING REIMBURSING ACTUAL SUBSTANTIATED EXPENSES, REQUIRING WRITTEN REPORTS AND/OR VISITING SITES OF ACTIVITIES FUNDED BY COLLEGE GRANTS. ATHLETIC GOLF OUTING 49845 34705 15140 27061 520 49845 34705 15140 27061 520 27581 -12441 1 CITY OF MEADVILLE 894 DIAMOND PARK MEADVILLE PA 16335 256000867 GOVERNMENT 0 100000 N/A N/A FINANCIAL SUPPORT 1 0 ALLEGHENY AID 566 974511 N/A N/A ENDOWED AID 1216 7010902 N/A N/A FEDERAL GRANTS 258 239541 N/A N/A MERIT SCHOLARSHIPS 1754 35342379 N/A N/A PELL GRANTS 360 1959363 N/A N/A PART I, LINE 2: THE COLLEGE FOLLOWS FEDERAL, STATE AND INSTITUTIONAL GUIDELINES FOR DETERMINING ELIGIBILITY FOR SCHOLARSHIPS, PRIZES AND OTHER GRANTS AND AWARDS. THE COLLEGE MAINTAINS RECORDS SHOWING RECIPIENT ELIGIBILITY, HOW FUNDS MAY BE USED, AND ANY RELATED PARTY DISCLOSURES. GRANTS AWARDED BY THE OFFICE OF FINANCIAL AID ARE CREDITED DIRECTLY TO THE STUDENTS ACCOUNTS. OTHER GRANTS ARE MONITORED IN VARIOUS WAYS, INCLUDING REIMBURSING ACTUAL SUBSTANTIATED EXPENSES, REQUIRING WRITTEN REPORTS AND /OR VISITING SITES OF ACTIVITIES FUNDED BY COLLEGE GRANTS. THE COLLEGE'S FINANCIAL AID OFFICE MAINTAINS ELIGIBILITY REQUIREMENTS AND MONITORS GRANTING OF AWARDS TO STUDENTS AND FOLLOWS U.S. FEDERAL AID REGULATIONS AND ALL STATES' REGULATIONS FOR GRANTS TO ITS STUDENTS. X X X 1 1 X X X X 1 0 0 0 0 0 0 1 0 RONALD B COLE PHD PRESIDENT 282348 0 40000 0 1032 0 18495 0 19568 0 361443 0 0 0 HILARY LINK FORMER PRESIDENT 0 0 0 0 306411 0 6876 0 19212 0 332499 0 0 0 LINDA S WETSELL CFO/ VP OF FINANCE 233317 0 0 0 1584 0 14895 0 17076 0 266872 0 0 0 MATTHEW STINSON VP FOR INSTITUTIONAL ADVANCEMENT 235827 0 0 0 552 0 14276 0 6684 0 257339 0 0 0 ANGELA HADDAD PROVOST AND DEAN OF THE COLLEGE 193593 0 15141 0 3048 0 12947 0 17076 0 241805 0 0 0 ELLEN JOHNSON VP FOR ENROLLMENT 198306 0 9850 0 240 0 6994 0 3899 0 219289 0 0 0 IAN BINNINGTON DEAN FOR STUDENT SUCCESS 161028 0 0 0 522 0 9805 0 530 0 171885 0 0 0 WILLIAM ROSS DIR OF ATHLETICS & RECREATION 125770 0 0 0 1148 0 8015 0 15137 0 150070 0 0 0 PART I, LINE 1A THE COLLEGE SHALL PAY, OR REIMBURSE THE PRESIDENT FOR ORDINARY AND REASONABLE BUSINESS TRAVEL AND ENTERTAINMENT EXPENSES INCURRED BY THE PRESIDENT AND THEIR SPOUSE IN SUPPORT OF THE PRESIDENT'S DUTIES. THE PRESIDENT SUBSTANTIATES THE BUSINESS USE OF THE TRAVEL IN ACCORDANCE WITH THE COLLEGE'S USUAL SUBSTANTIATION POLICIES. TO FACILITATE THE PRESIDENT'S ABILITY TO ENTERTAIN AND UNDERTAKE BUSINESS ON BEHALF OF THE COLLEGE, THE COLLEGE PAYS ALL MEMBERSHIP FEES AND DUES WITH RESPECT TO THE PRESIDENT'S MEMBERSHIP IN VARIOUS CLUBS. THE PRESIDENT SUBSTANTIATES THE BUSINESS USE OF THE CLUBS IN ACCORDANCE WITH THE COLLEGE'S USUAL SUBSTANTIATION POLICIES. THE COLLEGE SHALL PAY THE PRESIDENT AN ANNUAL HOUSING ALLOWANCE WHICH IS TREATED AS TAXABLE COMPENSATION. PART I, LINE 4A HILARY LINK, FORMER PRESIDENT, RECEIVED SEVERANCE OF $305,997 DURING CALENDAR YEAR 2023. PART I, LINE 7 THE PRESIDENT OF THE COLLEGE RECEIVED A BONUS IN THE AMOUNT OF $40,000 IN 2023. THE PROVOST AND DEAN OF THE COLLEGE, AN OFFICER, RECEIVED A BONUS IN THE AMOUNT OF $15,141 IN 2023. THE VP FOR ENROLLMENT, A KEY EMPLOYEE, RECEIVED A BONUS IN THE AMOUNT OF $9,850 IN 2023. PART II, NON-TAXABLE BENEFITS: NON-TAXABLE BENEFITS REPORTED ON SCHEDULE J MAY INCLUDE LIFE INSURANCE, LONG-TERM DISABILITY, EMPLOYER-PROVIDED MEDICAL INSURANCE, SECTION 125 BENEFITS, HOUSING AND TUITION. TUITION ASSISTANCE PROGRAMS (UP TO 100%) ARE A STANDARD BENEFIT PROVIDED BY HIGHER EDUCATION EMPLOYERS TO ELIGIBLE EMPLOYEES AND THEIR FAMILY MEMBERS. SECTION 117(D) OF THE INTERNAL REVENUE CODE SPECIFICALLY PROVIDES THAT GROSS INCOME DOES NOT INCLUDE QUALIFIED TUITION BENEFITS. THE VALUE OF THE QUALIFIED TUITION REDUCTION INCLUDED IN NONTAXABLE BENEFITS DEPENDS UPON THE NUMBER OF ELIGIBLE FAMILY MEMBERS RECEIVING THE TUITION BENEFITS DURING THE REPORTING YEAR. A CRAWFORD CO INDUSTRIAL DEVELOPMENT AUTHORITY 237115736 22500PAU7 2016-07-13 14410185 REFUND 2006 BONDS 0 0 0 B CRAWFORD CO INDUSTRIAL DEVELOPMENT AUTHORITY 237115736 22500PBK8 2018-06-01 35862413 REFUND 09/10 BONDS/CAP PROJECT 0 0 0 A 381947 14410185 273780 1322130 12814275 2016 1 0 1 1 B 354074 35862413 415346 10000000 25447067 2018 1 0 1 1 A 0 0 0 0 0 0 1 B 0 0 0 0 0 0 1 A 0 0 1 0 0 0 0 0 1 B 0 0 1 0 0 0 0 0 0 A 1 B 1 51813 SCHOLARSHIP FINANCIAL AID TAYLOR OSWALD LLC EDDIE TAYLOR, JR. - EMPLOYEE/OWNER, TAYLOR OSWALD, LLC 659672 INSURANCE BROKER 0 X 32 5239449 FMV X 1 95000 FMV 0 0 1 0 PART I, COLUMN (B): PART I, COLUMN (B) REPRESENTS THE NUMBER OF CONTRIBUTORS FOR THE YEAR ENDED JUNE 30, 2024. FORM 990, PART VI, SECTION B, LINE 11B THE BOARD OF TRUSTEES AUDIT COMMITTEE IS CHARGED BY THE FULL BOARD WITH THE RESPONSIBILITY OF REVIEWING THE FORM 990 WITH THE CHIEF FINANCIAL OFFICER/VP OF FINANCE AND ADMINISTRATION AND INDEPENDENT ACCOUNTING FIRM. A COPY OF THE FORM 990 IS PROVIDED TO THE FULL BOARD PRIOR TO FILING WITH THE INTERNAL REVENUE SERVICE. THIS REVIEW IS HELD PRIOR TO THE SUBMISSION OF THE FROM 990. FORM 990, PART VI, SECTION B, LINE 12C THE COLLEGE MONITORS COMPLIANCE WITH ITS CONFLICT OF INTEREST POLICY THROUGH COMPLETION OF AN ANNUAL DISCLOSURE STATEMENT, WHICH IS COMPLETED BY ALL TRUSTEES. IF A CONFLICT IS DETERMINED TO BE PRESENT, MANAGEMENT AND BOARD LEADERSHIP ADDRESS IT WITH THE APPROPRIATE INDIVIDUAL(S). ANY CONFLICTS OR POTENTIALLY CONFLICTING BUSINESS OR FAMILY RELATIONSHIPS WERE PROPERLY VETTED TO SEEK TERMS CONSISTENT WITH AN ARM'S LENGTH TRANSACTION. AS A PART OF NEW TRUSTEE ORIENTATION, BOARD MEMBERS ARE INFORMED THAT THE BOARD OF TRUSTEES HAS AUTHORITY ONLY AS A CORPORATE BODY. NO INDIVIDUAL TRUSTEE HAS AUTHORITY OVER ANY ASPECT OF COLLEGE OPERATIONS. FORM 990, PART VI, SECTION B, LINE 15A PRESIDENT: THE BOARD OF TRUSTEES COMPENSATION COMMITTEE REVIEWS ANNUALLY THE PRESIDENT'S WORK ACCOMPLISHMENTS FOR THE PAST YEAR AND COMBINES THAT INFORMATION WITH A COMPARISON OF COMPENSATION OF PRESIDENTS OF SIMILAR COLLEGES TO SET THE PRESIDENT'S ANNUAL SALARY INCREASE. DOCUMENTATION IS KEPT ON FILE CONCERNING THESE DELIBERATIONS AND MEASUREMENTS. OTHER OFFICERS AND KEY EMPLOYEES: THE PRESIDENT REVIEWS AND RECOMMENDS CHANGES TO OTHER OFFICERS' SALARIES USING DATA FROM THE COLLEGE AND UNIVERSITY PROFESSIONAL ASSOCIATION FOR HUMAN RESOURCES. THE DOCUMENTATION FOR THE FINAL DECISION IS KEPT ON FILE. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE MADE AVAILABLE UPON REQUEST. THE FINANCIAL STATEMENTS ARE ON THE COLLEGE'S WEBSITE. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF SPLIT-INTEREST AGREEMENTS -953,857. FORM 990, PART XII, QUESTION 2C, OVERSIGHT OF FINANCIAL STATEMENT AUDIT: THE SCHOOL'S FINANCIAL STATEMENTS ARE AUDITED BY AN INDEPENDENT ACCOUNTING FIRM. THE COLLEGE HAS A COMMITTEE THAT ASSISTS THE BOARD IN FULFILLING THE BOARD'S RESPONSIBILITY FOR OVERSIGHT OF THE COLLEGE'S FINANCIAL REPORTING SYSTEM. THIS PROCESS HAS NOT MATERIALLY CHANGED FROM PRIOR YEAR. CHARITABLE TRUSTS (12) INVESTMENTS PA N/A T 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0