2025-05-13T09:57:23-05:00 2024-06-30 231144520 TAIT WELLER & BAKER LLP TWO LIBERTY PL 50 S 16TH ST STE 2900 PHILADELPHIA PA 191022529 990 2023-07-01 231484178 LANCASTER BIBLE COLLEGE LANC 7175697071 901 EDEN ROAD LANCASTER PA 17601 MATTHEW MASON VP FINANCE 7175697071 2025-05-13 1 0 HARRISON PEREIRA P00746867 2159798800 2025-05-12 2023 2025-03-06 01:10:19Z MATTHEW MASON 901 EDEN ROAD LANCASTER PA 17601 87684918 0 X WWW.LBC.EDU X 1933 PA LANCASTER BIBLE COLLEGE AND GRADUATE SCHOOL EXISTS TO EDUCATE CHRISTIAN STUDENTS TO THINK AND LIVE A BIBLICAL WORLDVIEW AND TO PROCLAIM CHRIST BY SERVING HIM IN THE CHURCH AND SOCIETY. 19 18 921 18 0 0 9511730 5476786 34083497 37868316 1028872 3698761 1036751 890911 45660850 47934774 10642961 10533912 0 0 22332045 22258815 0 0 1017492 14311376 14329796 47286382 47122523 -1625532 812251 93846492 90805365 36388312 33568452 57458180 57236913 AT LANCASTER BIBLE COLLEGE, OUR FOCUS IS ON THE JOURNEY TO FULFILL GOD'S PURPOSE IN STUDENTS' LIVES. OUR MISSION HAS REMAINED CONSTANT FOR OVER 80 YEARS: (CONTINUED ON SCHEDULE O). 0 0 43911597 10533912 37868316 LANCASTER BIBLE COLLEGE EDUCATES APPROXIMATELY 2100 CHRISTIAN POSTSECONDARY STUDENTS TO THINK AND LIVE A BIBLICAL WORLD VIEW AND TO PROCLAIM CHRIST BY SERVING HIM IN THE CHURCH AND SOCIETY. 43911597 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 1 1 1 1 0 0 0 0 0 0 0 1 0 0 1 0 0 0 0 1 1 0 0 0 1 2955 0 1 921 1 0 0 0 0 0 0 0 0 0 0 0 0 X 19 18 0 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 0 1 1 0 PA X ROBERT FENWICK 7175697071 901 EDEN RD LANCASTER PA 17601 MR PHILIP A CLEMENS BOARD CHAIRMAN 1.00 X X 0 0 0 MR MICHAEL VAN BELLE BOARD VICE-CHAIRMAN 1.00 X X 0 0 0 MR QUINTIN F FREY SECRETARY 1.00 X X 0 0 0 MR LARRY W ROHRER TREASURER 1.00 X X 0 0 0 DR KENNETH L BARNEY TRUSTEE 0.50 X 0 0 0 MR DONALD R GEITER TRUSTEE 0.50 X 0 0 0 DR L RONALD HOOVER TRUSTEE 0.50 X 0 0 0 MR ROBERT L HORST TRUSTEE 0.50 X 0 0 0 MR ROBERT KEPIRO TRUSTEE 0.50 X 0 0 0 MR STUART J LEVEY TRUSTEE 0.50 X 0 0 0 MRS SALLY L MARTIN TRUSTEE 0.50 X 0 0 0 MR HAROLD R MAST TRUSTEE 0.50 X 0 0 0 MR THOMAS W PONESSA TRUSTEE 0.50 X 0 0 0 MRS TERRY CARTER TRUSTEE 0.50 X 0 0 0 DR THOMAS KIEDIS PRESIDENT 50.00 X X 250387 0 23419 REV DR ERIC G CRICHTON TRUSTEE 0.50 X 0 0 0 MR JAMES J FETTEROLF TRUSTEE 0.50 X 0 0 0 MR CHARLES H KREIDER TRUSTEE 0.50 X 0 0 0 MRS DONNA KREISER TRUSTEE 0.50 X 0 0 0 MR MATTHEW C MASON VP FINANCE 45.00 X 120822 0 15918 REV ZACHARY RITVALSKY VP INSTITUTIONAL ALIGNMENT 45.00 X 161534 0 18977 TRICIA WILSON PROVOST 45.00 X 137350 0 20522 MR SCOTT KEATING VP OF ADVANCEMENT 45.00 X 117875 0 18798 JAEL KDLV CHAMBERS EXECUTIVE VICE PRESIDENT 45.00 X 142801 0 16708 PETER BEERS VP TRADITIONAL UNDERGRADUATE EDUCATION 45.00 X 112750 0 10614 1043519 0 124956 9 0 1 0 0 368810 5107976 53015 5476786 TUITION & FEES 611310 32965407 32965407 AUXILIARY ENTERPRISES 611310 4902909 4902909 37868316 616773 616773 392733 0 392733 392733 392733 41243558 1588574 38739238 1010906 2504320 577668 3081988 3081988 MISCELLANEOUS 900099 339859 339859 TICKET SALES 900099 149922 149922 BAD DEBT INCOME 900099 8397 8397 498178 47934774 38261049 0 4196939 144779 144779 10389133 10389133 410552 378547 20041 11964 17269639 15927601 843139 498899 587940 535270 35093 17577 2742302 2568371 129199 44732 1248382 1148804 68912 30666 29885 29885 62615 62615 153567 52055 90228 11284 728550 402666 241772 84112 1722802 1562999 159803 1646423 1544839 69098 32486 436231 300386 101112 34733 1443946 942892 501054 1012259 910979 12718 88562 30466 30367 99 961264 961264 1949958 1949958 329142 316352 12790 CAFETERIA FOOD 1907542 1907542 BAD DEBT 533160 533160 ACADEMIC AFFAIRS 296359 296299 60 SUBSCRIPTIONS 219535 219535 866092 857914 5564 2614 47122523 43911597 2193434 1017492 139918 53346 3610094 4174517 3530817 1599196 1561523 2002692 343569 26200 351394 331819 93667516 36199871 59701020 57467645 19901878 21178567 4706279 3971383 93846492 90805365 823383 923625 2474000 2521435 26467651 25333214 1947517 691680 4675761 4098498 36388312 33568452 X 45429013 43771110 12029167 13465803 57458180 57236913 93846492 90805365 X 812251 -598615 -434903 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 17617181 394806 2150747 779255 19383479 16433152 602507 1310367 728845 17617181 18224798 888451 -2010264 669833 16433152 14697133 669124 3465278 606737 18224798 14285556 841267 140994 570684 14697133 0.37394 0.62606 0.00000 0 0 4524626 4524626 59117413 16763537 42353876 10895904 3767446 7128458 17794652 15668888 2125764 1334921 1334921 57467645 UNITRUST AND ANNUITY OBLIGATIONS 2123321 OTHER LONG TERM LIABILITIES 593861 LEASE LIABILITY 1381316 4098498 X 36873617 -598615 -598615 37472232 73409 10389133 10462542 47934774 36659981 0 36659981 73409 10389133 10462542 47122523 PART X, LINE 2: MANAGEMENT HAS REVIEWED THE TAX POSITIONS FOR EACH OF THE OPEN TAX YEARS (2021-2023) OR EXPECTED TO BE TAKEN IN THE COLLEGE'S CURRENT YEAR TAX RETURN AND HAS CONCLUDED THAT THERE ARE NO SIGNIFICANT UNCERTAIN TAX POSITIONS THAT WOULD REQUIRE RECOGNITION IN THE FINANCIAL STATEMENTS. PART XI, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS RECLASSIFIED AS EXPENSES 10,389,133. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS RECLASSIFIED AS EXPENSES 10,389,133. 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 SCHOOL MAKES KNOWN ITS NONDISCRIMINATION POLICY IN ALL PRINT AND BROADCAST MEDIA. SCHEDULE E, PART I, LINE 6 SCHOLARSHIPS AND GRANTS ARE MADE ON A NONDISCRIMINATORY BASIS OF ACADEMIC ACHIEVEMENT AND FINANCIAL NEED. LANCASTER BIBLE COLLEGE RECEIVES THE PENNSYLVANIA INSTITUTIONAL ASSISTANCE GRANT. 1 EDEN BRIDGE FOUNDATION 901 EDEN ROAD PO BOX 83403 LANCASTER PA 176081201 020714460 501(C)(3) 142686 0 EMPLOYEES WHO WORK FOR EDEN BRIDGE FOUNDATION ON COLLEGE PAYROLL, TO ASSIST ITS SUPPORTING ORGANIZATION WITH ITS OPERATIONAL EXPENSES. 1 0 STUDENT SCHOLARSHIPS TO LANCASTER BIBLE COLLEGE STUDENTS. 1442 10389133 PART I, LINE 2: ALL FINANCIAL AID THAT IS AWARDED IS CREDITED TO THE TUITION BILLING FOR THE STUDENT. ALL AID IS USED TO REDUCE THE TUITION PAYABLE. X X 0 1 X X 0 0 0 0 0 0 0 0 0 DR THOMAS KIEDIS PRESIDENT 250387 0 0 0 0 0 12519 0 10900 0 273806 0 0 0 REV ZACHARY RITVALSKY VP INSTITUTIONAL ALIGNMENT 161534 0 0 0 0 0 8077 0 10900 0 180511 0 0 0 JAEL KDLV CHAMBERS EXECUTIVE VICE PRESIDENT 142801 0 0 0 0 0 3438 0 13270 0 159509 0 0 0 TRICIA WILSON PROVOST 137350 0 0 0 0 0 6696 0 13826 0 157872 0 0 0 PART I, LINE 1A GROSS UP FOR COMPANY AUTO BENEFIT FOR DR. PETER TEAGUE. DR. PETER TEAGUE LIVES IN A COLLEGE OWNED RESIDENCE. THE VALUE OF THIS BENEFIT IS APPROXIMATELY $33,000 PER YEAR. THIS IS ADDED TO PART VII, SECTION A. DR. THOMAS KEIDIS LIVES IN A COLLEGE OWNED RESIDENCE. THE VALUE OF THE BENEFIT IS APPROXIMATELY $35,000 PER YEAR. THIS IS ADDED TO PART VII, SECTION A. PART I, LINE 1B THERE IS NO POLICY FOR PAYMENTS OR REIMBURSEMENTS OF EXPENSES. THEY MUST BE REASONABLE TO BE CONSIDERED ACCEPTABLE EXPENSES. A GENERAL MUNICIPAL AUTHORITY OF THE TOWNSHIP OF MANHEIM 232583622 2010-12-21 17500000 TO SUPPORT CAPITAL CONSTRUCTION PROJECTS 0 0 0 B GENERAL MUNICIPAL AUTHORITY OF THE TOWNSHIP OF MANHEIM 232583622 2014-11-20 10000000 TO SUPPORT CAPITAL CONSTRUCTION PROJECTS 0 0 0 C GENERAL MUNICIPAL AUTHORITY OF THE TOWNSHIP OF MANHEIM 232583622 2015-03-06 5000000 TO SUPPORT CAPITAL CONSTRUCTION PROJECTS 0 0 0 D GENERAL MUNICIPAL AUTHORITY OF THE TOWNSHIP OF MANHEIM 232583622 2018-08-03 2000000 TO SUPPORT THE CONSTRUCTION OF A NEW ATHLETIC FIELD 0 0 0 A 15420760 389098 119003 15301757 0 0 1 1 B 10000000 216143 94494 0 0 0 1 C 5000000 108072 59675 0 0 0 1 D 2000000 39222 0 0 0 1 A 0 0 0 0 0 0 0 B 0 0 0 0 0 0 0 C 0 0 0 0 0 0 0 D 0 0 0 0 0 0 0 A 0 0 0 0 0 0 0 0 0 B 0 0 0 0 0 0 0 0 0 C 0 0 0 0 0 0 0 0 0 D 0 0 0 0 0 0 0 0 0 A 0 B 0 C 0 D 0 STEVEN WOLGEMUTH FORMER TRUSTEE 66607 FORMER TRUSTEE STEVEN WOLGEMUTH IS THE OWNER OF WTM DIGITAL WHICH PROVIDES MARKETING SERVICES TO LBC. 0 X 6 53015 AVERAGE VALUE 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION HAS CORPORATION MEMBERS. THERE IS NO MEMBERSHIP FEE. THE CORPORATION IS MADE UP OF ABOUT 100 FRIENDS OF THE COLLEGE. IT IS FROM THE CORPORATION, THAT THE BOARD OF TRUSTEES IS SELECTED. THE CORPORATE BODY ELECTS THE BOARD OF TRUSTEES. FORM 990, PART VI, SECTION A, LINE 7A THE ORGANIZATION HAS CORPORATION MEMBERS. THERE IS NO MEMBERSHIP FEE. THE CORPORATION IS MADE UP OF ABOUT 100 FRIENDS OF THE COLLEGE. IT IS FROM THE CORPORATION, THAT THE BOARD OF TRUSTEES IS SELECTED. THE CORPORATE BODY ELECTS THE BOARD OF TRUSTEES. FORM 990, PART VI, SECTION B, LINE 11B A DRAFT VERSION OF THE FORM 990 IS SENT TO THE MEMBERS OF THE FINANCE COMMITTEE OF THE BOARD OF TRUSTEES. THEY ARE REQUESTED TO READ OVER THE RETURN AND RESPOND WITH QUESTIONS OR CONCERNS, SO CHANGES, IF NECESSARY CAN BE MADE BEFORE THE RETURN IS SUBMITTED TO THE IRS. ALL TRUSTEES RECEIVE A COPY OF THE FORM 990 BEFORE IT IS FILED. FORM 990, PART VI, SECTION B, LINE 12C ALL TRUSTEES ARE REQUIRED TO COMPLETE A CONFLICT OF INTEREST FORM ON AN ANNUAL BASIS. BY THEIR SIGNED STATEMENT THEY DECLARE THEY HAVE NO CONFLICTS OF INTEREST. THIS IS DONE EACH NOVEMBER. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION FOR THE PRESIDENT IS ESTABLISHED BY THE EXECUTIVE COMMITTEE OF THE BOARD AND EVALUATED PERIODICALLY. COMPARATIVE DATA IS AVAILABLE TO THEM UPON REQUEST. COMPENSATION FOR OFFICERS IS DETERMINED BY THE PRESIDENT IN CONSULTATION WITH THE HR MANAGER. COMPENSATION FOR OTHER EMPLOYEES IS DETERMINED BY THE PRESIDENT AND HIS CABINET, IN CONSULTATION WITH THE HR MANAGER. FORM 990, PART VI, SECTION C, LINE 18 THE 990 IS MADE AVAILABLE TO ANYONE WHO ASKS FOR IT. INFORMATION REGARDING SPECIFIC CONTRIBUTORS IS NOT PUBLICLY DISCLOSED. FORM 990, PART VI, SECTION C, LINE 19 OTHER THAN INFORMATION REQUIRED TO BE DISCLOSED IN THE 990, THESE ARE NOT CONSIDERED DOCUMENTS AVAILABLE TO THE PUBLIC. FORM 990, PART XI, LINE 9: ACTUARIAL LOSS ON GIFT ANNUITY AND OTHER TRUST OBLIGATIONS -198,569. CHANGE IN VALUE OF INTEREST RATE CAP -242,450. AMORTIZATION OF DEFERRED BOND COSTS -18,712. CHANGE IN BENEFICIAL INTEREST IN PERPETUAL TRUSTS 24,828. PART XI, LINE 2C THE PROCESS BY WHICH THE ORGANIZATION APPOINTS A COMMITTEE THAT ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENT AND SELECTION OF AN INDEPENDENT ACCOUNTANT HAS NOT CHANGED FROM THE PRIOR YEAR. EDEN BRIDGE FOUNDATION 901 EDEN ROAD PO BOX 83403 LANCASTER PA 176081201 020714460 SUPPORT THE INTEREST OF LBC AND SIMILAR NON-PROFIT ORGANIZATIONS PA 501(C)(3) LINE 12B, II LANCASTER BIBLE COLLEGE 1 0 1 0 0 0 0 0 0 0 0 0 1 0 0 1 0 1 0 0