2025-03-07T09:46:15-06:00 2024-06-30 390859910 BAKER TILLY ADVISORY GROUP LP 20 STANWIX STREET PITTSBURGH PA 15222 990 2023-07-01 250965576 THIEL COLLEGE THIE 7245892000 75 COLLEGE AVENUE GREENVILLE PA 16125 DR SUSAN TRAVERSO PRESIDENT 7245892000 2025-02-27 1 1 JEFFREY J PETRELL P00138808 4126976400 2025-02-27 2023 2025-03-06 01:10:19Z DR SUSAN TRAVERSO 75 COLLEGE AVENUE GREENVILLE PA 16125 54456858 0 X WWW.THIEL.EDU X 1866 PA POST SECONDARY UNDERGRADUATE AND GRADUATE EDUCATION. 31 31 618 20 0 0 10129913 7379578 41862266 43356330 1046058 1567761 225256 413060 53263493 52716729 20793731 21323966 0 0 16016864 14967544 0 0 585932 16393815 16395504 53204410 52687014 59083 29715 95103100 101010345 37946299 39550573 57156801 61459772 X THIEL COLLEGE EMPOWERS INDIVIDUALS TO REACH THEIR FULL POTENTIAL BY CREATING A DIVERSE AND INCLUSIVE LEARNING ENVIRONMENT THAT ENSURES EDUCATIONAL EXCELLENCE, STIMULATES GLOBAL AWARENESS, AND PROMOTES ETHICAL LEADERSHIP. IN DOING SO, THIEL PREPARES STUDENTS FOR CAREERS AND LIVES OF MEANING AND PURPOSE. 0 0 49373513 21323966 43356330 FOUNDED IN 1866 AS A COEDUCATIONAL INSTITUTION IN WESTERN PENNSYLVANIA, THIEL COLLEGE IS AN INDEPENDENT LIBERAL ARTS COLLEGE ROOTED IN THE LUTHERAN TRADITION. OFFERING DISTINCTIVE PROGRAMS IN THE ARTS AND HUMANITIES, SOCIAL AND NATURAL SCIENCES, AND PROFESSIONAL STUDIES, TOGETHER WITH ENGAGING CO-CURRICULAR AND ATHLETIC OPPORTUNITIES, THIEL PROVIDES AN ACCESSIBLE AND INCLUSIVE LEARNING ENVIRONMENT THAT EMPHASIZES SERVICE TO SOCIETY. THIEL'S RESIDENTIAL CAMPUS OFFERS A SAFE AND SUPPORTIVE SETTING IN WHICH TO GROW AND LEARN.CONTINUED ON SCHEDULE O.THIEL COLLEGE IS AN INDEPENDENT LIBERAL ARTS, SCIENCES AND PROFESSIONAL STUDIES INSTITUTION COMMITTED TO PROVIDING QUALITY UNDERGRADUATE AND GRADUATE EDUCATION AND IS ACCREDITED BY THE MIDDLE STATES COMMISSION OF HIGHER EDUCATION.THIEL'S FALL ENROLLMENT WAS 782 UNDERGRADUATE STUDENTS AND 101 GRADUATE STUDENTS IN FOUR (SLP, PA, MBA, MHC) GRADUATE PROGRAMS; SPRING ENROLLMENT WAS 727 UNDERGRADUATE AND 101 GRADUATE STUDENTS. THE COLLEGE AWARDED MORE THAN $20.1 MILLION DOLLARS OF AID TO THESE STUDENTS.FISCAL 2024 CONTINUED TO BE CHALLENGING, IN LARGE PART TO THE LINGERING EFFECTS OF THE PANDEMIC THAT HAS AFFECTED THE OPERATION OF COLLEGES AND UNIVERSITIES WORLDWIDE; INCLUDING BUT NOT LIMITED TO INFLATION, SUPPLY CHAIN ISSUES, RECRUITMENT CHALLENGES. THIEL COLLEGE CONTINUES TO BE ABLE TO SERVE OUR STUDENTS FACE TO FACE, ALBEIT WITH MASSIVE ADJUSTMENTS IN THE DELIVERY OF OUR CLASSES SUCH AS THE OPTION FOR REMOTE LEARNING AND INTERACTIONS WITH PROFESSORS. 49373513 1 1 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 1 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1295 0 618 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 31 31 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 PA X CONSTANCE M JABLONSKI ASSOCIATE VPFA 7245892000 75 COLLEGE AVENUE GREENVILLE PA 16125 X ROD E WILT CHAIR 1.50 0.00 X X 0 0 0 DR ROBERT BURNS VICE CHAIR 1.50 0.00 X X 0 0 0 MARK BENNINGHOFF SECRETARY 1.50 0.00 X X 0 0 0 DOMINIC DIONISIO TREASURER 1.50 0.00 X X 0 0 0 DR EDWARD BARTKO TRUSTEE 1.50 0.00 X 0 0 0 DR BEVERLY CIGLAR TRUSTEE 1.50 0.00 X 0 0 0 RICARDO DALEY TRUSTEE 1.50 0.00 X 0 0 0 LEAH DEVER TRUSTEE 1.50 0.00 X 0 0 0 BRIAN EVANS TRUSTEE 1.50 0.00 X 0 0 0 DR JOHN R FRANGAKIS TRUSTEE 1.50 0.00 X 0 0 0 DAVID FAUTH TRUSTEE 1.50 0.00 X 0 0 0 FRED HAER TRUSTEE 1.50 0.00 X 0 0 0 BRUCE HARTMAN TRUSTEE 1.50 0.00 X 0 0 0 ALEX HUDSON TRUSTEE 1.50 0.00 X 0 0 0 MATTHEW HUGHES TRUSTEE 1.50 0.00 X 0 0 0 RICK HUETHER TRUSTEE 1.50 0.00 X 0 0 0 DIANN KUDER TRUSTEE 1.50 0.00 X 0 0 0 DR FRANK MAENPA TRUSTEE 1.50 0.00 X 0 0 0 VIRGINIA MOSZKOWICZ TRUSTEE 1.50 0.00 X 0 0 0 CATHERINE MOTT TRUSTEE 1.50 0.00 X 0 0 0 NATHAN NEELY TRUSTEE 1.50 0.00 X 0 0 0 MAGGIE NORRIS TRUSTEE 1.50 0.00 X 0 0 0 BRIAN NOWAK TRUSTEE 1.50 0.00 X 0 0 0 MARY ODEM TRUSTEE 1.50 0.00 X 0 0 0 DR ANTONIO QUARTERMN TRUSTEE 1.50 0.00 X 0 0 0 ROBERT ROGALSKI TRUSTEE 1.50 0.00 X 0 0 0 NICHOLAS ROMANO TRUSTEE 1.50 0.00 X 0 0 0 LEE TILGHMAN TRUSTEE 1.50 0.00 X 0 0 0 MILES WALLACE TRUSTEE 1.50 0.00 X 0 0 0 MICHAEL WALTON TRUSTEE 1.50 0.00 X 0 0 0 MICHAEL ZOWAYSKY TRUSTEE 1.50 0.00 X 0 0 0 DR FRANK BAKER TRUSTEE EMERTI 0.00 0.00 X 0 0 0 RUTHANNE BEIGHLEY ESQ TRUSTEE EMERTI 0.00 0.00 X 0 0 0 ALAN FAGER TRUSTEE EMERTI 0.00 0.00 X 0 0 0 DR CARL HOFFMAN JR TRUSTEE EMERTI 0.00 0.00 X 0 0 0 DR JAMES MCHUGH TRUSTEE EMERTI 0.00 0.00 X 0 0 0 DR PETER MORTENSON TRUSTEE EMERTI 0.00 0.00 X 0 0 0 BARBARA NAKLES TRUSTEE EMERTI 0.00 0.00 X 0 0 0 MARK NORDENBERG TRUSTEE EMERTI 0.00 0.00 X 0 0 0 DR JAMES PEDAS TRUSTEE EMERTI 0.00 0.00 X 0 0 0 EDWARD G REDMAN TRUSTEE EMERTI 0.00 0.00 X 0 0 0 BARRY STAMM TRUSTEE EMERTI 0.00 0.00 X 0 0 0 DR ROY STRAUSBAUGH TRUSTEE EMERTI 0.00 0.00 X 0 0 0 MATHEW SAUR TRUSTEE (UNTIL 11/2023) 1.50 0.00 X 0 0 0 CATHRYN ZAWACKI TRUSTEE (UNTIL 11/2023) 1.50 0.00 X 0 0 0 DR SUSAN TRAVERSO PRESIDENT 40.00 0.00 X 302486 25000 34980 DR GREG BUTCHER VP OF ACADEMIC AFFAIRS & DEAN OF THE COLLEGE 40.00 0.00 X 133702 0 26692 ASHLEY ZULLO VP FOR ENROLLMENT MANAGEMENT 40.00 0.00 X 138408 0 16426 ROBERTA LEONARD VP FOR COLLEGE ADVANCEMENT 40.00 0.00 X 159014 0 15830 MICHAEL MCKINNEY VP OF STUDENT LIFE & DEAN OF STUDENTS, TITLE IX CO 40.00 0.00 X 124212 0 6919 AMY ARBOGAST VP FOR FINANCE & ADMINISTRATION 40.00 0.00 X 176927 0 10473 RICHARD ORR ED OF COMMUNICATIONS AND MARKETING 40.00 0.00 X 102099 0 27697 ANTHONY KOS PROFESSOR, DEPT. CHAIR 40.00 0.00 X 134887 0 26112 KEN MCCURDY PROGRAM DIRECTOR MHC 40.00 0.00 X 108672 0 11954 MARY BETH MASON PROFESSOR, SL PROGRAM DIR. 40.00 0.00 X 144652 0 21070 LYNN WILLIAMS PA PROG MED DIRECTOR & AP 40.00 0.00 X 155666 0 4550 1680725 25000 202703 11 0 1 0 AVI FOODSYSTEMS INC 2590 ELM ROAD NE WARREN OH 44483 CAMPUS FOOD SERVICES 2612675 SLIPPERY ROCK ROOFING 3941 BUTLER ROAD NEW CASTLE PA 16101 CONSTRUCTION 894652 CARNEGIE DARTLET LLC 210 LITTLETON ROAD WESTFORD MA 01886 MARKETING SERVICES 409482 ANDERSON COACH & TRAVEL ONE ANDERSON PLAZA GREENVILLE PA 13125 TRANSPORTATION 316884 HUDSON CONSTRUCTION INC 1625 DUTCH LANE ROAD HERMITAGE PA 16148 CONSTRUCTION 277827 17 15300 617527 6746751 1300 7379578 TUITION AND FEES 611310 34634940 34634940 AUXILIARY ENTERPRISES 611310 8721390 8721390 43356330 1000329 1000329 75213 75213 13800 14986 -1186 -1186 -1186 2192591 1700372 492219 492219 492219 23530 15300 24771 -1241 -1241 REBATES AND CREDITS 900099 221078 221078 INSURANCE SETTLEMENT 900099 80944 80944 SPECIAL EVENTS 900099 37577 37577 75888 75888 415487 52716729 43356330 0 1980821 21323966 21323966 1071896 492428 431800 147668 11061413 10360536 395784 305093 222264 188434 23036 10794 1722191 1621646 72849 27696 889780 778534 78307 32939 32301 32301 84768 84768 163807 163807 3964855 3632313 325323 7219 379644 370040 9540 64 941975 588931 328122 24922 646798 646798 1411517 1384442 27075 528858 500464 5786 22608 1935016 1935016 3706772 3706772 657891 655578 2313 STUDENT SERVICES 423312 422722 590 RESERVE LOAN LOSSES 396858 396858 EQUIPMENT/LEASES 383738 380134 3604 SPECIAL PROGRAMMING 149543 149543 587851 493936 89299 4616 52687014 49373513 2727569 585932 1686 1688 6660010 7370916 2304742 2120849 1923349 870511 153386 175604 801846 1352370 120487682 81045134 40475912 39442548 33947264 40595197 432766 314299 8402139 8766363 95103100 101010345 1797564 2914763 672805 724564 30501519 30077820 422543 855476 4551868 4977950 37946299 39550573 X 3227579 1147372 53929222 60312400 57156801 61459772 95103100 101010345 29715 4273256 0 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 41577625 3010370 5419668 1119233 1073358 47815072 35898068 3493637 4233192 976117 1071155 41577625 40473423 4049407 -6566677 968454 1089631 35898068 32112373 2443195 8201999 943880 1340264 40473423 31553983 2113405 620029 958145 1216899 32112373 0.00000 0.75100 0.24900 1 0 640256 640256 94191750 68795877 25395873 23697742 12249257 11448485 1957934 1957934 39442548 BENEFICIAL INTEREST IN ASSETS HELD IN TRUST 8263219 RIGHT OF USE ASSETS 503144 8766363 CONDITIONAL ASSET RETIREMENT OBLIGATION 3552504 REFUNDABLE ADVANCES 235235 DEPOSITS HELD IN CUSTODY FOR OTHERS 661759 ANNUITIES PAYABLE 25308 OPERATING LEASE OBLIGATIONS 503144 4977950 X 35579565 4273256 -21450177 -17176921 52756486 -39757 -39757 52716729 31276594 39757 39757 31236837 21450177 21450177 52687014 PART V, LINE 4: THIEL COLLEGE ENDOWMENT FUNDS AS USED FOR SCHOLARSHIPS AND OTHER PROGRAMS AS SPECIFIED BY THE DONOR. PART X, LINE 2: THE COLLEGE ACCOUNTS FOR UNCERTAINTIES IN INCOME TAXES IN ACCORDANCE WITH AUTHORITATIVE GUIDANCE, WHICH PRESCRIBES A RECOGNITION THRESHOLD OF MORE-LIKELY-THAN-NOT TO BE SUSTAINED UPON EXAMINATION BY THRESHOLD HAS BEEN MET. MANAGEMENT DETERMINED THERE WERE NO TAX UNCERTAINTIES THAT MET THE RECOGNITION THRESHOLD AT JUNE 30, 2024 AND 2023. PART XI, LINE 2D - OTHER ADJUSTMENTS: INDIVIDUAL SCHOLARSHIPS NETTED TO TUITION ON FINANCIAL STATEMENTS -21,286,370. INVESTMENT MANAGEMENT FEES NETTED TO REVENUES ON FINANCIAL STATEMENTS -163,807. PART XI, LINE 4B - OTHER ADJUSTMENTS: RENTAL EXPENSES -14,986. FUNDRAISING EVENT EXPENSES -24,771. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES 14,986. FUNDRAISING EVENT EXPENSES 24,771. PART XII, LINE 4B - OTHER ADJUSTMENTS: INDIVIDUAL SCHOLARSHIPS NETTED TO TUITION ON FINANCIAL STATEMENTS 21,286,370. INVESTMENT MANAGEMENT FEES NETTED TO REVENUES ON FINANCIAL STATEMENTS 163,807. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 PUBLISHED IN LOCAL DAILY NEWSPAPER. SCHEDULE E, PART I, LINE 6 MANY OF OUR STUDENTS RECEIVE AID FROM FEDERAL PROGRAMS SUCH AS PELL AND/OR STATE PROGRAMS SUCH AS PHEAA. BLUE/GOLD SPRING GOLF OUTING 28585 12900 15685 1711 6280 10397 1438 CAM CIANCI SCHOLARSHIP GOLF OUTING 10245 2400 7845 1238 3360 347 38830 15300 23530 2949 9640 10744 1438 24771 -1241 1 INSTITUTIONAL UNFUNDED AID 879 18894005 0 N/A N/A ENDOWMENT FINANCIAL AID FOR TUITION 298 2392365 0 N/A N/A HEERF STUDENT RELIEF FUNDS 95 37596 0 N/A N/A PART I, LINE 2: THIS IS INTERNALLY FUNDED ASSISTANCE THAT IS FINANCED BY THE EARNINGS OF OUR "WITH DONOR RESTRICTIONS" ENDOWMENT FUND. STUDENTS MUST MEET CERTAIN CRITERIA TO FULFILL RESTRICTIONS THAT ARE SET FOR ANY PARTICULAR SCHOLARSHIP. THIS ALSO INCLUDES VARIOUS OUTSIDE SCHOLARSHIP GIFTS THAT ARE AWARDED BY THE COLLEGE. X X 1 1 X X X 0 1 0 0 0 0 0 0 0 DR SUSAN TRAVERSO PRESIDENT 239086 0 55000 0 8400 25000 11954 0 23026 0 337466 25000 0 0 AMY ARBOGAST VP FOR FINANCE & ADMINISTRATION 176927 0 0 0 0 0 9490 0 983 0 187400 0 0 0 ROBERTA LEONARD VP FOR COLLEGE ADVANCEMENT 159014 0 0 0 0 0 6933 0 8897 0 174844 0 0 0 MARY BETH MASON PROFESSOR, SL PROGRAM DIR. 144652 0 0 0 0 0 4338 0 16732 0 165722 0 0 0 ANTHONY KOS PROFESSOR, DEPT. CHAIR 134887 0 0 0 0 0 6077 0 20035 0 160999 0 0 0 DR GREG BUTCHER VP OF ACADEMIC AFFAIRS & DEAN OF THE 133702 0 0 0 0 0 6685 0 20007 0 160394 0 0 0 LYNN WILLIAMS PA PROG MED DIRECTOR & AP 155666 0 0 0 0 0 3909 0 641 0 160216 0 0 0 ASHLEY ZULLO VP FOR ENROLLMENT MANAGEMENT 138408 0 0 0 0 0 6867 0 9559 0 154834 0 0 0 PART I, LINE 1A THE PRESIDENT'S SPOUSE ACCOMPANIES THE PRESIDENT WHEN ON COLLEGE BUSINESS AS NECESSARY AND/OR DESIRABLE. THE PRESIDENT AND FAMILY ARE PROVIDED WITH CAMPUS-OWNED HOUSING WHICH IS INCLUDED IN HER NONTAXABLE BENEFITS. PART I, LINE 4B THE PRESIDENT, DR. SUSAN TRAVERSO, PARTICIPATES IN A 457(F) PLAN. THERE WERE NO CONTRIBUTIONS OR DISTRIBUTIONS IN CALENDAR YEAR 2023. A MERCER COUNTY INDUSTRIAL DEVELOPMENT AUTHORITY SERIES 2020 237403539 58787LAA8 2020-10-27 32500000 SEE PART VI 0 0 0 A 1470000 32500000 1251037 647506 15590643 14826969 183846 1 0 1 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 A 0 1 0 0 0 0 0 0 1 A 1 FORM 990, PART I, PURPOSE OF BOND: (A) ISSUER NAME: MERCER COUNTY INDUSTRIAL DEVELOPMENT AUTHORITY SERIES 2020 (F) DESCRIPTION OF PURPOSE: TO REFINANCE THE 2010 TAX EXEMPT LOAN AND TO PAY FOR THE COST OF THE BOND ISSUANCE. THE REMAINING PROCEEDS ARE BEING USED FOR CAPITAL PROJECTS. FORM 990, PART VI, SECTION A, LINE 1A THE EXECUTIVE COMMITTEE SHALL BE COMPOSED OF MEMBERS OF THE BOARD, ALL OF WHOM SHALL BE VOTING TRUSTEES, EXCEPT FOR THE PRESIDENT WHO SHALL SERVE EX-OFFICIO, WITHOUT VOTE, AND NOT BE COUNTED AS PART OF A QUORUM FOR THE PURPOSE OF TRANSACTING BUSINESS. THE CHAIR, VICE CHAIR, SECRETARY AND TREASURER OF THE BOARD OF TRUSTEES SHALL BE MEMBERS, ALONG WITH THE CHAIRS OF THE FOLLOWING STANDING COMMITTEES: COMMITTEE ON STUDENT AND RELIGIOUS LIFE; COMMITTEE ON ACADEMIC AFFAIRS; COMMITTEE ON ADVANCEMENT; COMMITTEE ON FACILITIES, PHYSICAL PLANT AND INFORMATION TECHNOLOGY; COMMITTEE ON HONORARY DEGREES; COMMITTEE ON STUDENT ENROLLMENT; COMMITTEE ON FINANCE AND INVESTMENT; COMMITTEE ON GOVERNANCE AND TRUSTEESHIP; AND THE COMMITTEE ON AUDIT.. THE PURPOSE AND AUTHORITY OF THE EXECUTIVE COMMITTEE IS: (A) IT SHALL SERVE AT THE PLEASURE OF THE BOARD AS ITS AGENT IN HELPING THE PRESIDENT TO ADDRESS BUSINESS BETWEEN REGULAR BOARD MEETINGS; AND IT SHALL ASSIST THE CHAIR AND THE PRESIDENT WITH THEIR JOINT RESPONSIBILITY TO HELP THE BOARD FUNCTION EFFECTIVELY AND EFFICIENTLY BY SUGGESTING BOARD MEETING AGENDA ITEMS AND PERIODICALLY ASSESSING THE QUALITY OF COMMITTEE WORK. (B) THE EXECUTIVE COMMITTEE SHALL HAVE AUTHORITY TO ACT FOR THE BOARD OF TRUSTEES ON ALL MATTERS EXCEPT FOR THE FOLLOWING, WHICH SHALL BE RESERVED FOR THE BOARD: PRESIDENTIAL SELECTION AND TERMINATION; TRUSTEE AND BOARD-OFFICER ELECTION; CHANGES IN INSTITUTIONAL MISSION AND PURPOSES; CHANGES TO THE CHARTER OR BYLAWS; INCURRING OF CORPORATE INDEBTEDNESS; SALE OF SIGNIFICANT/MATERIAL INSTITUTIONAL ASSETS OR TANGIBLE PROPERTY INCLUDING THE ACQUISITION AND SALE OF REAL ESTATE; ADOPTION OF THE ANNUAL BUDGET; AND CONFERRAL OF DEGREES. THESE BYLAWS OR OTHER BOARD POLICIES MAY RESERVE OTHER POWERS FOR THE BOARD OF TRUSTEES. (C) IN ADDITION TO ITS AUTHORITY TO TAKE ACTION ON EMERGENCY MATTERS THAT CANNOT, OR SHOULD NOT, BE DEFERRED TO THE BOARD'S NEXT SCHEDULED MEETING, THE EXECUTIVE COMMITTEE SHALL OVERSEE THE WORK OF THE BOARD COMMITTEES, RECEIVE AND ACT ON RECOMMENDATIONS OF THE BOARD COMMITTEES, THIEL COLLEGE'S PLANNING PROCESS AND PROGRESS ON PLANNING GOALS AND THE BOARD'S RESPONSIBILITY TO SUPPORT THE PRESIDENT. (D) THE COMMITTEE SHALL MEET AS OFTEN AS NECESSARY TO CONDUCT ITS BUSINESS AS THE CHAIR AND PRESIDENT DETERMINE AND ENSURE THAT MINUTES OF ACTIONS ARE TAKEN AND PROMPTLY DISTRIBUTED TO ALL TRUSTEES FOR SUBSEQUENT RATIFICATION BY THE BOARD OF TRUSTEES AT ITS REGULAR MEETING. A MAJORITY OF VOTING TRUSTEE COMMITTEE MEMBERS SHALL CONSTITUTE A QUORUM. FORM 990, PART VI, SECTION B, LINE 11B PRIOR TO THE SUBMISSION OF FORM 990 TO THE IRS, THE FULL VERSION OF THE 990 WAS PRESENTED TO THE AUDIT COMMITTEE AND THE PUBLIC DISCLOSURE VERSION (WHICH EXCLUDES DONOR INFORMATION) WAS PRESENTED TO THE ENTIRE BOARD OF TRUSTEES OF THE COLLEGE. A FULL COPY (INCLUDING DONOR INFORMATION) OF THE COMPLETED DRAFT FORM 990 WAS MADE AVAILABLE TO THE TRUSTEES PRIOR TO FILING IN THE VP OF FINANCE OFFICE FOR VISUAL EXAMINATION UPON REQUEST. FORM 990, PART VI, SECTION B, LINE 12C TRUSTEES AND OFFICERS MUST SIGN AN ANNUAL DISCLOSURE FORM THAT IDENTIFIES ANY POTENTIAL CONFLICTS, BOTH PERSONAL AND BY ANY RELATED PARTY WITH THE COLLEGE AND WITH ANY CURRENT TRUSTEES AND OFFICERS. COMPLIANCE WITH THE POLICY IS MONITORED ANNUALLY BY THE AUDIT COMMITTEE. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION IS DETERMINED AND REVIEWED ON AN ANNUAL BASIS BY THE PRESIDENTIAL REVIEW AND COMPENSATION COMMITTEE. FORM 990S OF SIMILAR SIZED ORGANIZATIONS ARE REVIEWED AS COMPARABLE DATA TO ENSURE THAT COMPENSATION DOES NOT EXCEED FAIR MARKET VALUE. THE PROCESS IS DOCUMENTED EACH YEAR. FORM 990, PART VI, SECTION C, LINE 19 THE COLLEGE MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE UPON WRITTEN REQUEST. FORM 990, PART VII: PRESIDENT TRAVERSO RECEIVED $25,000 IN COMPENSATION FROM THE DIETRICH FOUNDATION FOR HER WORK ON THE BOARD OF THE FOUNDATION. THIEL COLLEGE IS A 5% BENEFICIARY IN THE FOUNDATION. TRP DEVELOPMENT 75 COLLEGE AVENUE GREENVILLE PA 16125 251401400 NATURAL GAS WELL PA 0 0 THIEL COLLEGE