2024-05-13T12:18:10-05:00 2023-06-30 231144520 TAIT WELLER & BAKER LLP TWO LIBERTY PL 50 S 16TH ST STE 2900 PHILADELPHIA PA 191022529 990 2022-07-01 231484178 LANCASTER BIBLE COLLEGE LANC 7175697071 901 EDEN ROAD LANCASTER PA 17601 MATTHEW MASON VP FINANCE 7175697071 2024-05-13 1 MATTHEW MASON 999009999 0 HARRISON PEREIRA P00746867 2159798800 2024-05-13 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z MATTHEW MASON 901 EDEN ROAD LANCASTER PA 17601 62886126 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. 21 18 948 18 0 0 12408731 9511730 32421654 34083497 871481 1028872 790736 1036751 46492602 45660850 10119583 10642961 0 0 20931932 22332045 0 0 1028472 14822166 14311376 45873681 47286382 618921 -1625532 90435550 93846492 32621304 36388312 57814246 57458180 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 44030651 10642961 34083497 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. 44030651 1 1 0 0 0 0 0 0 0 1 1 0 0 1 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 2580 0 1 948 1 0 0 0 0 0 0 0 0 0 0 0 0 X 21 18 0 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 0 1 1 0 PA X TERESA L SHAW 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 238139 0 22813 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 117875 0 15670 DR MARK MEYER PHD IN BIBLICAL STUDIES PR 45.00 X 145650 0 15152 DR HAROLD G WALKER VP GLOBAL EDUCATION 45.00 X 165000 0 3903 REV ZACHARY RITVALSKY VP INSTITUTIONAL ALIGNMENT 45.00 X 157875 0 18786 TRICIA WILSON PROVOST 45.00 X 134000 0 20527 MR SCOTT KEATING VP OF ADVANCEMENT 45.00 X 116438 0 17218 1074977 0 114069 8 0 1 0 0 336981 9174749 193500 9511730 TUITION & FEES 611310 29440700 29440700 AUXILIARY ENTERPRISES 611310 4642797 4642797 34083497 608947 608947 377440 0 377440 377440 377440 17245764 399437 17052909 172367 192855 227070 419925 419925 MISCELLANEOUS 900099 495450 495450 TICKET SALES 900099 149924 149924 BAD DEBT INCOME 900099 13937 13937 659311 45660850 34460937 0 1688183 163946 163946 10479015 10479015 408891 376074 19927 12890 17709330 16287990 863060 558280 599292 538532 38596 22164 2341465 2183894 105658 51913 1273067 1170463 69085 33519 39139 38789 350 41250 41250 153512 59234 86125 8153 755062 389409 252540 113113 1679354 1633606 45748 1742166 1585183 93389 63594 615001 488676 95382 30943 1409620 871407 538213 948244 862235 5361 80648 38240 37890 350 981681 981681 2177308 2177308 265787 254507 11280 CAFETERIA FOOD 1790282 1790282 ACADEMIC AFFAIRS 308034 307931 103 SUBSCRIPTIONS 217591 217591 HONORARIUM 198727 198727 950378 936281 7043 7054 47286382 44030651 2227259 1028472 387204 139918 2041373 3610094 1970252 3530817 858779 1561523 327810 343569 381417 351394 94230855 34529835 61077879 59701020 21086526 19901878 2304310 4706279 90435550 93846492 974869 823383 1411140 2474000 27159920 26467651 0 1947517 3075375 4675761 32621304 36388312 X 47199842 45429013 10614404 12029167 57814246 57458180 90435550 93846492 X -1625532 822369 447097 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 16433152 602507 1310367 728845 17617181 18224798 888451 -2010264 669833 16433152 14697133 669124 3465278 606737 18224798 14285556 841267 140994 570684 14697133 14295541 196308 356809 563102 14285556 0.38861 0.61139 0.00000 0 0 4793188 4793188 59762173 15934792 43827381 10631647 3462540 7169107 17713058 15132503 2580555 1330789 1330789 59701020 BENEFICIAL INTERESTS IN PERPETUAL TRUSTS 381073 UNFORGIVEN TUITION GRANTS 324452 CASH SURRENDER VALUE OF LIFE INSURANCE 497463 SECURITY DEPOSIT 36517 DEFERRED FINANCING COSTS 7542 INTEREST RATE CAP 1635071 PNC DEFERRED COMP INVESTMENT 2283 OPERATING RIGHT OF USE ASSET 1821878 4706279 UNITRUST AND ANNUITY OBLIGATIONS 2091144 OTHER LONG TERM LIABILITIES 770783 LEASE LIABILITY 1813834 4675761 X 35934925 822369 822369 35112556 69279 10479015 10548294 45660850 36738088 0 36738088 69279 10479015 10548294 47286382 PART X, LINE 2: MANAGEMENT HAS REVIEWED THE TAX POSITIONS FOR EACH OF THE OPEN TAX YEARS (2020-2022) 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 10,479,015. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS RECLASSIFIED AS EXPENSES 10,479,015. 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) 138607 0 EMPLOYEES WHO WORK FOR EDEN BRIDGE FOUNDATION ON COLLEGE PAYROLL, TO ASSIST ITS SUPPORTING ORGANIZATION WITH ITS OPERATIONAL EXPENSES. WORLD TEAM USA INC 1431 STUKERT RD WARRINGTON PA 18974 591759927 501(C)(3) 10000 0 SUPPORT FOR JAMES & NICA YATES - MISSIONARIES 4 0 STUDENT SCHOLARSHIPS TO LANCASTER BIBLE COLLEGE STUDENTS. 1520 10479015 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 238139 0 0 0 0 0 11907 0 10906 0 260952 0 0 0 REV ZACHARY RITVALSKY VP INSTITUTIONAL ALIGNMENT 157875 0 0 0 0 0 7880 0 10906 0 176661 0 0 0 DR HAROLD G WALKER VP GLOBAL EDUCATION 165000 0 0 0 0 0 3300 0 603 0 168903 0 0 0 DR MARK MEYER PHD IN BIBLICAL STUDIES PR 145650 0 0 0 0 0 4772 0 10380 0 160802 0 0 0 TRICIA WILSON PROVOST 134000 0 0 0 0 0 6701 0 13826 0 154527 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 96680 FORMER TRUSTEE STEVEN WOLGEMUTH IS THE OWNER OF YDOP WHICH PROVIDES MARKETING SERVICES TO LBC. 0 X 9 193500 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 -89,290. CHANGE IN VALUE OF INTEREST RATE CAP 533,374. AMORTIZATION OF DEFERRED BOND COSTS -18,712. CHANGE IN BENEFICIAL INTEREST IN PERPETUAL TRUSTS 21,725. 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