2026-04-09T16:04:04-05:00 2025-05-31 390859910 BAKER TILLY ADVISORY GROUP LP 1570 FRUITVILLE PIKE SUITE 400 LANCASTER PA 17601 990 2024-06-01 231352652 JUNIATA COLLEGE JUNI 8146413000 1700 MOORE STREET HUNTINGDON PA 16652 JEFF SCACCIA VP FINANCE & BUSINESS AFFAIRS 8146413000 2026-04-06 1 1 KERRI N BOGDA P00760402 7177404863 2026-04-06 2024 2025-03-06 01:10:19Z JAMES A TROHA 1700 MOORE STREET HUNTINGDON PA 16652 124438244 0 X WWW.JUNIATA.EDU X 1876 PA JUNIATA COLLEGE IS A PRIVATE LIBERAL ARTS COLLEGE IN HUNTINGDON, PA. 39 39 1185 837 83131 49718 13551258 13690069 82762934 88792742 5544901 10814804 1355359 1394238 103214452 114691853 45455688 49438969 0 0 34861142 33614863 133200 292437 3283422 29826175 32177877 110276205 115524146 -7061753 -832293 250052055 249068181 88663841 86417763 161388214 162650418 X THE COLLEGE HAS A TRADITION OF MAINTAINING THE SENSE OF PEACE, SIMPLICITY, COMMUNITY, AND SERVICE SET FORTH BY ITS CHURCH OF THE BRETHREN FOUNDERS. CONTINUED ON SCHEDULE O.THROUGH ENCOURAGING PERSONAL, INTELLECTUAL, PHYSICAL, AND SOCIAL GROWTH IN EACH STUDENT AND MODELING VALUES OF MUTUAL RESPECT AND COOPERATION IN ITS CAMPUS COMMUNITY, THE COLLEGE SEEKS, THROUGH PROVIDING AN ENGAGING PERSONALIZED EDUCATIONAL EXPERIENCE, TO DEVELOP IN ITS STUDENTS THE SKILLS, KNOWLEDGE, AND VALUES THAT LEAD TO A FULFILLING LIFE OF SERVICE AND ETHICAL LEADERSHIP IN THE GLOBAL COMMUNITY. 0 0 94015135 49438969 88792742 JUNIATA COLLEGE IS A NONPROFIT EDUCATIONAL INSTITUTION ESTABLISHED IN 1876 TO PROVIDE HIGHER EDUCATION TO STUDENTS. THE COLLEGE AWARDS GRANTS-IN-AID AND SCHOLARSHIPS FROM ITS UNRESTRICTED AND RESTRICTED NET ASSETS TO INDIVIDUALS WHO MEET THE COLLEGE'S ACADEMIC STANDARDS. THE AMOUNTS OF SUCH AWARDS ARE DETERMINED PRIMARILY BASED UPON THE ACADEMIC PERFORMANCE OF EACH APPLICANT. ADDITIONAL FINANCIAL AID IS PROVIDED TO STUDENTS FROM FEDERAL AND STATE PROGRAMS IN WHICH THE COLLEGE PARTICIPATES AND FROM MONIES CONTRIBUTED TO THE COLLEGE BY ALUMNI AND FRIENDS. CONTINUED ON SCHEDULE O.DURING THE YEAR ENDED MAY 31, 2025, THE COLLEGE PROVIDED STUDENT FINANCIAL AID FROM INTERNAL RESOURCES OF APPROXIMATELY $45,652,000, WHICH REPRESENTED 63% OF GROSS TUITION AND FEE REVENUE. STUDENT FINANCIAL AID FROM MONIES CONTRIBUTED TO THE COLLEGE BY ALUMNI AND FRIENDS WAS APPROXIMATELY $3,783,000. 94015135 1 1 0 0 0 0 0 1 1 1 1 1 0 1 1 1 1 0 1 0 1 0 0 1 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 200 0 1185 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 39 39 1 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 PA X JEFF SCACCIA VP FINANCE & BUSINESS AFFAIRS 8146413307 1700 MOORE STREET HUNTINGDON PA 16652 MARY M WHITE BS MS CHAIR 1.00 X X 0 0 0 CARL D GLAESER BS VICE CHAIR 1.00 X X 0 0 0 GAIL M HABECKER BA BBA TREASURER 1.00 X X 0 0 0 BRUCE L MOYER BA JD SECRETARY 1.00 X X 0 0 0 CHRISTOPHER E BAIR BS MBA TRUSTEE 1.00 X 0 0 0 ERIC D BIDDLE TRUSTEE 1.00 X 0 0 0 DAVID E CHRISTOPHER BA MED DED TRUSTEE 1.00 X 0 0 0 CYNTHIA G CLARKE BS TRUSTEE 1.00 X 0 0 0 NICOLE C CLOSE BS MS PHD TRUSTEE 1.00 X 0 0 0 JEFFREY P CRAFT BS TRUSTEE 1.00 X 0 0 0 RANDALL C DEIKE BS MS PHD TRUSTEE 1.00 X 0 0 0 JAYNE K DONAHUE BS TRUSTEE 1.00 X 0 0 0 DAVID J FAHEY BS TRUSTEE 1.00 X 0 0 0 SARAH YOUNG FISHER BS MS TRUSTEE 1.00 X 0 0 0 JOY L HADLEY BS MPA TRUSTEE 1.00 X 0 0 0 STEPHANIE HAINES TRUSTEE 1.00 X 0 0 0 WILLIAM P HAYES BA TRUSTEE 1.00 X 0 0 0 STEVEN J HOLSINGER BA JD TRUSTEE 1.00 X 0 0 0 ERIC C JENSEN BS PHD TRUSTEE 1.00 X 0 0 0 MICHAEL A L JOHNSON BS MD TRUSTEE 1.00 X 0 0 0 BRUCE A JONES TRUSTEE 1.00 X 0 0 0 ELAINE V JONES BS PHD TRUSTEE 1.00 X 0 0 0 MICHAEL J KLAG BS MD MPH TRUSTEE 1.00 X 0 0 0 FRED C MASON BS MBA TRUSTEE 1.00 X 0 0 0 ROBERT S MCMINN III BA JD TRUSTEE 1.00 X 0 0 0 HOWARD M NATHAN BS MPH TRUSTEE 1.00 X 0 0 0 JUDODINE P NICHOLS TRUSTEE 1.00 X 0 0 0 COLLEEN E OSTROWSKI BS MBA TRUSTEE 1.00 X 0 0 0 CAROL A PLETCHER BS MS PHD TRUSTEE 1.00 X 0 0 0 WILLIAM A RYS BA JD TRUSTEE 1.00 X 0 0 0 JILL SCHADLER-FERRARA TRUSTEE 1.00 X 0 0 0 PARISHA P SHAH BS PHD TRUSTEE 1.00 X 0 0 0 HENRY F SIEDZIKOWSKI BA JD TRUSTEE 1.00 X 0 0 0 BRADFORD P STERL BA MBA TRUSTEE 1.00 X 0 0 0 DANIEL K SUNDERLAND BS TRUSTEE 1.00 X 0 0 0 GEORGE P VALKO BS MD TRUSTEE 1.00 X 0 0 0 CHRISTOPHER J THOMPSON BS TRUSTEE 1.00 X 0 0 0 DAVID G WAGNER TRUSTEE 1.00 X 0 0 0 FRIEDHELM WULCZYN BS MS PHD TRUSTEE 1.00 X 0 0 0 JAMES A TROHA BA MA PHD PRESIDENT (NON-VOTING) 40.00 X X 516704 0 172194 LAUREN L BOWEN PHD PROVOST 40.00 X 263007 0 55674 MATTHEW DAMSCHRODER PHD VP STUDENT LIFE & DEAN OF STUDENTS 40.00 X 131627 0 28304 DEREK JAMES DEAN OF EQUITY, DIVERSITY 40.00 X 100035 0 42020 JASON R MORAN MS VICE PRESIDENT FOR ENROLLMENT 40.00 X 164140 0 50154 JEFFREY P SCACCIA VICE PRESIDENT FOR FINANCE 40.00 X 211498 0 35810 JAMES R WATT MA VP ADVANCEMENT & NEW STRAT INITIATIVES 40.00 X 206748 0 49609 KATHRYN GUISE EXECUTIVE ASSISTANT TO THE PRESIDENT 40.00 X 52599 0 91058 ELIZABETH HOMAN VP FOR STRATEGIC COMMS (UNTIL 5/25) 40.00 X 171014 0 54925 REGINA LAMENDELLA FACULTY 40.00 X 161876 0 40514 KAHLEEN M JONES FACULTY 40.00 X 119495 0 43223 JILL B KEENEY FACULTY 40.00 X 131652 0 42948 UMA RAMAKRISHNAN FACULTY 40.00 X 135918 0 19999 DOMINICK F PERUSO ADMINISTRATOR 40.00 X 150013 0 45442 KARLA D WISER BS CPA ADMINISTRATOR/FORMER CFO 40.00 X 101503 0 46047 ANNE M WOOD FORMER ASST VP & CIO 40.00 X 108147 0 46952 2725976 0 864873 34 1 1 0 PARKHURST DINING 285 EAST WATERFRONT DRIVE HOMESTEAD PA 15120 FOOD SERVICE 6659064 POOLE ANDERSON CONSTRUCTION FAIRGROUNDS ROAD PO BOX 576 HUNTINGDON PA 16652 CONSTRUCTION SERVICES 1372154 ZARTMAN CONSTRUCTION INC 3000 POINT TOWNSHIP DRIVE NORTHUMBERLAND PA 17857 CONSTRUCTION SERVICES 682984 KIMMEL BORGRETTE 482 NORRISTOWN ROAD SUITE 200 BLUE BELL PA 19422 ARCHITECTURE SERVICES 571340 RIGGS COUNSELMAN MICHAELS & DOWNE 702 E SIMPSON STREET MECHANICSBURG PA 17055 CONSTRUCTION SERVICES 434396 30 66000 18853 2218610 11386606 2343487 13690069 TUITION & FEES 611310 72369124 72369124 AUXILIARY ENTERPRISES 611310 16423618 16423618 88792742 2605815 83131 2522684 330360 393342 -62982 -62982 -62982 17538570 9314412 15169 8224158 -15169 8208989 8208989 22651 18853 23468 -817 -817 CONFERENCES 900099 424032 424032 TIMBERING REVENUE 900099 199364 199364 FINES, FEES, & FORFEIT 900099 108320 108320 726321 726321 1458037 114691853 88792742 83131 12125911 4270 4270 49434699 49434699 1862086 366452 733738 761896 21608764 16581379 4703660 323725 1772483 1279875 410624 81984 6677276 4821527 1546898 308851 1694254 1223387 392501 78366 2771 2771 88253 88253 292437 292437 477108 477108 4011583 1633662 1982618 395303 545157 95015 394084 56058 394574 213011 141052 40511 1772253 417164 1217538 137551 166786 27262 139173 351 1193709 1014038 51493 128178 3087034 3087034 4752382 2788354 1964028 632835 632835 FOOD SERVICES 6272577 4529302 1453143 290132 DEPARTMENT SUPPLIES 544233 514919 20530 8784 PROGRAMMING 242283 233432 4923 3928 EQUIP MAINT & SUPPLIES 200086 122278 62956 14852 7794253 5628075 1805663 360515 115524146 94015135 18225589 3283422 27670 20273 7077462 3949827 7652858 4986664 1108382 1335106 412739 373678 297733 335179 1548469 2379129 188043724 92934545 93990969 95109179 103601164 102390049 19672782 23115420 224574 119448 14437253 14954229 250052055 249068181 7203637 5814112 1471521 2358146 69227156 68745197 4063091 4220387 1012842 797743 5685594 4482178 88663841 86417763 X 39672498 38991785 121715716 123658633 161388214 162650418 250052055 249068181 X -832293 2083887 10610 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1698807 X X X 0 0 1 X 132688469 1844489 11839511 2950268 5208455 477108 137736638 123189625 2085243 17392876 2914617 6595978 468680 132688469 122825013 7681828 618225 2802369 4674072 459000 123189625 136576314 2108220 -3398624 4586456 7361332 513109 122825013 114658070 1707425 32679037 9170914 2787592 509712 136576314 0.29470 0.70350 0.00180 0 0 3908978 3908978 150148666 69665009 80483657 29401319 21595558 7805761 4584761 1673978 2910783 95109179 REAL ESTATE INVESTMENTS 3305990 F ALTERNATIVE INVESTMENTS 19809430 F 23115420 CASH SURRENDER VALUE OF LIFE INSURANCE 9199267 FUNDS HELD IN TRUSTS BY OTHERS 3327433 COLLECTIONS 1698807 RIGHT OF USE ASSETS 728722 14954229 FUNDS HELD IN CUSTODY FOR OTHERS 175583 STUDENT DEPOSITS & PREPAYMENTS 246441 POSTRETIREMENT BENEFITS 3177538 ADVANCE FROM FEDERAL GOVERNMENT 153895 OBLIGATION UNDER OPERATING LEASE 728721 4482178 X 66335687 2083887 -50463521 -48379634 114715321 -23468 -23468 114691853 65073483 -538856 -538856 65612339 49911807 49911807 115524146 PART III, LINE 4: THE COLLEGE HAS MANY PAINTINGS, SCULPTURES, AND OTHER WORKS OF ART IN ITS COLLECTION. ARTWORK IS DISPLAYED THROUGHOUT THE CAMPUS, AS WELL AS IN THE COLLEGE'S ART MUSEUM. WORKS OF ART ARE STUDIED AND MAINTAINED BY STAFF AND STUDENTS. PART IV, LINE 2B: THE COLLEGE REPORTED ESCROW ACCOUNT LIABILITY ON THE BALANCE SHEET WHICH REPRESENTS THEIR PAYABLES FROM DEFERRED GIVING ACCOUNTS. PART V, LINE 4: INCOME FROM THE ENDOWMENT FUND IS USED FOR SCHOLARSHIPS AND TO SUPPORT OTHER INSTITUTIONAL FUNCTIONS. PART X, LINE 2: THE COLLEGE ACCOUNTS FOR UNCERTAINTY IN INCOME TAXES USING A RECOGNITION THRESHOLD OF MORE-LIKELY-THAN-NOT TO BE SUSTAINED UPON EXAMINATION BY THE APPROPRIATE TAXING AUTHORITY. MEASUREMENT OF THE TAX UNCERTAINTY OCCURS IF THE RECOGNITION THRESHOLD IS MET. MANAGEMENT DETERMINED THERE WERE NO TAX UNCERTAINTIES THAT MET THE RECOGNITION THRESHOLD AT MAY 31, 2025 AND 2024. PART XI, LINE 2D - OTHER ADJUSTMENTS: INDIVIDUAL SCHOLARSHIPS NETTED TO TUITION ON THE FINANCIAL STATEMENTS -49,434,699. INVESTMENT MANAGEMENT FEES NETTED TO REVENUES ON FINANCIAL STATEMENTS -477,108. CHANGE IN THE VALUATION OF SPLIT-INTEREST AGREEMENTS DUE TO OTHERS -478,784. CHANGE IN FMV OF FUNDS HELD IN TRUST BY OTHERS -72,930. PART XI, LINE 4B - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES -23,468. PART XII, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN THE VALUATION OF CSV OF LIFE INSURANCE NETTED TO PREMIUMS ON FS -562,324. FUNDRAISING EXPENSES 23,468. PART XII, LINE 4B - OTHER ADJUSTMENTS: INDIVIDUAL SCHOLARSHIPS NETTED TO TUITION ON THE FINANCIAL STATEMENTS 49,434,699. INVESTMENT MANAGEMENT FEES NETTED TO REVENUES ON FINANCIAL STATEMENTS 477,108. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 NOTICE OF NONDISCRIMINATORY POLICY AS TO STUDENTS WAS ADVERTISED IN "THE DAILY NEWS," A NEWSPAPER OF GENERAL CIRCULATION IN HUNTINGDON COUNTY. THE POLICY IS ALSO NOTED IN THE BYLAWS, CATALOGS, WEBSITE, HANDBOOKS, AND JOB ANNOUNCEMENTS. SCHEDULE E, PART I, LINE 6 THE COLLEGE RECEIVES VARIOUS GRANTS AND ASSISTANCE FROM FEDERAL AND STATE AGENCIES FOR THE FUTHERANCE OF ITS CHARITABLE PURPOSE. CENTRAL AMERICA AND THE CARIBBEAN 0 0 PROGRAM SERVICES HIGHER EDUCATION - STUDY ABROAD PROGRAM 129986 EAST ASIA AND THE PACIFIC 0 0 PROGRAM SERVICES HIGHER EDUCATION - STUDY ABROAD PROGRAM 73507 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 PROGRAM SERVICES HIGHER EDUCATION - STUDY ABROAD PROGRAM 410716 NORTH AMERICA 0 0 PROGRAM SERVICES HIGHER EDUCATION - STUDY ABROAD PROGRAM 93219 SOUTH AMERICA 0 0 PROGRAM SERVICES HIGHER EDUCATION - STUDY ABROAD PROGRAM 60750 0 0 0 0 0 0 768178 0 768178 1 0 0 1 1 0 PART I, LINE 2: PROGRAM SERVICES ARE PAID TO OTHER HIGHER EDUCATION INSTITUTIONS FOR OUR STUDENTS WHO ARE STUDYING ABROAD. INVOICES SUBMITTED BY THESE INSTITUTIONS ARE PAID VIA WIRE TRANSFER ONCE THEY ARE REVIEWED. SCHEDULE F PART IV: THE COLLEGE DID NOT MEET THE THRESHOLD REQUIREMENT FOR FILING FORMS 8865 AND 8621 DURING THE YEAR. X X X X X X X 1 DELTA DEVELOPMENT GROUP INC 225 GRANDVIEW AVENUE SUITE 301 CAMP HILL PA 17011 GRANT WRITING 0 2000000 134046 1865954 MCALLISTER QUINN LLC 1625 EYE ST NW SUITE 750 WASHINGTON DC 20006 GRANT WRITING 0 1585355 158391 1426964 3585355 292437 3292918 PA GOLF OUTING 41504 18853 22651 1700 3120 5915 12733 41504 18853 22651 1700 3120 5915 12733 23468 -817 1 INSTITUTIONAL SCHOLARSHIPS AND GRANTS 1222 49434699 0 N/A N/A PART I, LINE 2: ELIGIBILITY FOR NEED-BASED GRANTS IS DETERMINED BY THE SUBMISSION OF THE "FREE APPLICATION" FOR FEDERAL STUDENT AID. MERIT SCHOLARSHIPS AND AWARDS ARE DETERMINED BY A STUDENT'S ADMISSION APPLICATION. X X X X 1 1 X X X X X 1 0 0 0 0 0 0 1 0 JAMES A TROHA BA MA PHD PRESIDENT (NON-VOTING) 398082 0 118438 0 184 0 58038 0 114156 0 688898 0 0 0 LAUREN L BOWEN PHD PROVOST 263007 0 0 0 0 0 21475 0 34199 0 318681 0 0 0 JAMES R WATT MA VP ADVANCEMENT & NEW STRAT INITIATIV 201244 0 0 0 5504 0 20125 0 29484 0 256357 0 0 0 JEFFREY P SCACCIA VICE PRESIDENT FOR FINANCE 211498 0 0 0 0 0 21633 0 14177 0 247308 0 0 0 ELIZABETH HOMAN VP FOR STRATEGIC COMMS (UNTIL 5/25) 166514 0 4500 0 0 0 17085 0 37840 0 225939 0 0 0 JASON R MORAN MS VICE PRESIDENT FOR ENROLLMENT 164140 0 0 0 0 0 17333 0 32821 0 214294 0 0 0 REGINA LAMENDELLA FACULTY 156876 0 5000 0 0 0 10167 0 30347 0 202390 0 0 0 DOMINICK F PERUSO ADMINISTRATOR 150013 0 0 0 0 0 13173 0 32269 0 195455 0 0 0 JILL B KEENEY FACULTY 131652 0 0 0 0 0 11059 0 31889 0 174600 0 0 0 KAHLEEN M JONES FACULTY 119495 0 0 0 0 0 10167 0 33056 0 162718 0 0 0 MATTHEW DAMSCHRODER PHD VP STUDENT LIFE & DEAN OF STUDENTS 131627 0 0 0 0 0 13683 0 14621 0 159931 0 0 0 UMA RAMAKRISHNAN FACULTY 135918 0 0 0 0 0 8812 0 11187 0 155917 0 0 0 ANNE M WOOD FORMER ASST VP & CIO 108147 0 0 0 0 0 11502 0 35450 0 155099 0 0 0 KARLA D WISER BS CPA ADMINISTRATOR/FORMER CFO 101503 0 0 0 0 0 11285 0 34762 0 147550 0 0 0 PART I, LINE 1A THE PRESIDENT OF THE COLLEGE HAS A RESIDENCE PROVIDED TO HIM AS PART OF HIS COMPENSATION PACKAGE. IN ADDITION TO THE RESIDENCE, HOUSEKEEPING SERVICES, SUCH AS CLEANING AND MAINTENANCE, ARE ALSO PROVIDED BY THE COLLEGE. LIMITED TRAVEL FOR THE PRESIDENT'S SPOUSE IS PROVIDED AS WELL. THE COLLEGE PAID GOLF CLUB DUES FOR DR. TROHA FOR 2024. THESE BENEFITS ARE NOT TAXABLE INCOME TO THE PRESIDENT AS THEY ARE CONSIDERED ESSENTIAL TO PERFORMING HIS WORK FOR THE COLLEGE. PART I, LINE 4A SEVERANCE PAYMENT WAS MADE TO ELIZABETH HOMAN DURING THE FISCAL YEAR 2025. PART I, LINE 7 THE PRESIDENT'S BONUS WAS BASED UPON A PERFORMANCE SCORECARD DEVELOPED BY THE BOARD OF TRUSTEES. THE SCORECARD INCLUDES REVENUE, FUND RAISING, SPENDING AND A DISCRETIONARY COMPONENT. THE AMOUNT OF THE BONUS IS DETERMINED AND APPROVED BY THE BOARD OF TRUSTEES. A FULTON BANK NA 231928421 2016-05-23 7690000 SEE PART VI 0 0 0 B HUNTINGDON COUNTY GENERAL AUTHORITY - SERIES 2016 OO2 236632278 44586SAP3 2016-05-12 34547786 SEE PART VI 0 0 0 C HUNTINGDON COUNTY GENERAL AUTHORITY - SERIES 2018 QQ1 236632278 44586SBD9 2018-05-01 7910995 SEE PART VI 0 0 0 D HUNTINGDON COUNTY GENERAL AUTHORITY - SERIES 2021 TT3 236632278 2021-10-28 19965576 SEE PART VI 0 0 0 A 7690000 7690000 2016 0 1 1 1 B 34547786 147014 34400772 2016 0 1 1 1 C 420000 7910995 157195 7753800 2018 1 0 1 1 D 19965576 219466 14120371 5635739 2022 0 1 1 1 A 0 0 1 1 0 0.00000 0.00000 0.00000 0 0 1 B 0 0 1 1 0 0.00000 0.00000 0.00000 0 0 1 C 0 0 1 1 0 0.00000 0.00000 0.00000 0 0 1 D 0 0 1 1 0 0.00000 0.00000 0.00000 0 0 1 A 0 0 1 0 0 0 0 0 1 B 0 0 0 1 1 0 0 0 1 C 0 0 0 1 0 0 0 0 1 D 0 0 0 1 1 0 0 0 1 A 1 B 1 C 1 D 1 DATE REBATE COMPUTATION PERFORMED ISSUER NAME: HUNTINGDON COUNTY GENERAL AUTHORITY - SERIES 2016 OO2 DATE THE REBATE COMPUTATION WAS PERFORMED: 06/04/2019 ISSUER NAME: HUNTINGDON COUNTY GENERAL AUTHORITY - SERIES 2018 QQ1 DATE THE REBATE COMPUTATION WAS PERFORMED: 10/14/2019 ISSUER NAME: HUNTINGDON COUNTY GENERAL AUTHORITY - SERIES 2021 TT3 DATE THE REBATE COMPUTATION WAS PERFORMED: 06/06/2024 PART I, COLUMN F, DESCRIPTION OF PURPOSE: ISSUE A: ADVANCE REFUNDING OF THE 2010 BONDS ISSUE B: ADVANCE REFUNDING OF THE 2010 BONDS, FINANCING OF CAPITAL PROJECTS, AND PAYMENT OF BOND ISSUANCE COSTS ISSUE C: CURRENT REFUNDING OF THE 2013 BONDS AND ISSUANCE COSTS ISSUE D: ADVANCE REFUNDING OF THE 2004 & 2016 BONDS, FINANCING OF CAPITAL PROJECTS, AND PAYMENT OF BOND ISSUANCE COSTS X 31 836589 NYSE X 1 1500000 APPRAISAL X CANOE 1 3000 COST X MISC SMALL ITEMS 4 2924 COST X CHEMISTRY EQUIPMENT 1 974 COST 0 0 1 0 PART I, COLUMN (B): THE NUMBER IN PART I, COLUMN B REPRESENTS THE TOTAL NUMBER OF CONTRIBUTORS. FORM 990, PART VI, SECTION A, LINE 1A THE EXECUTIVE COMMITTEE SHALL CONSIST OF THE OFFICERS OF THE BOARD WHO ARE VOTING TRUSTEES, THE CHAIR OR, IN THE ABSENCE OF THE CHAIR, THE VICE-CHAIR OF EACH STANDING COMMITTEE OF THE BOARD, AND TWO OTHER VOTING TRUSTEES ELECTED BY THE BOARD. THE COMMITTEE SHALL HAVE AND MAY EXERCISE ALL OF THE POWERS AND AUTHORITY OF THE BOARD WHEN THE BOARD IS NOT IN SESSION IN THE MANAGEMENT OF THE BUSINESS AND AFFAIRS OF THE COLLEGE, EXCEPT THAT THE COMMITTEE SHALL NOT HAVE THE POWER AND AUTHORITY TO (I) ADOPT, AMEND OR REPEAL THE ARTICLES OF INCORPORATION OR BYLAWS OF THE COLLEGE, (II) ADOPT, AMEND OR REPEAL THE CHARTER OF ANY COMMITTEE OF THE BOARD, (III) TAKE ANY ACTION DELEGATED BY CHARTER TO ANOTHER COMMITTEE OF THE BOARD, (IV) CREATE OR FILL ANY VACANCY ON THE BOARD, (V) SELECT OR TERMINATE THE PRESIDENT OF THE COLLEGE OR ANY OFFICER OF THE BOARD, (VI) INCUR CORPORATE INDEBTEDNESS, (VII) SELL OR OTHERWISE DISPOSE OF REAL ESTATE AND OTHER TANGIBLE PROPERTY, (VIII) ADOPT AN ANNUAL BUDGET, (IX) CONFER DEGREES, OR (X) TAKE ANY ACTION INCONSISTENT WITH A PRIOR RESOLUTION OF THE BOARD. FORM 990, PART VI, SECTION A, LINE 2 TRUSTEES WILLIAM HAYES AND ROBERT MCMINN III AND PRESIDENT JAMES TROHA HAVE A BUSINESS RELATIONSHIP. FORM 990, PART VI, SECTION B, LINE 11B COLLEGE OFFICERS WERE GIVEN A COPY OF THE FORM 990 TO REVIEW IN DETAIL. THE AUDIT, COMPLIANCE AND RISK MANAGEMENT COMMITTEE ("AUDIT COMMITTEE") OF THE BOARD OF TRUSTEES REVIEWED THE FULL 990 DURING AN AUDIT COMMITTEE MEETING. IN ORDER TO RESPECT THE PRIVACY OF DONORS, THE COLLEGE PROVIDED ALL TRUSTEES WITH A PUBLIC DISCLOSURE COPY OF THE 990 BUT MADE A FULL COPY OF THE RETURN AVAILABLE TO THEM UPON REQUEST. ANY QUESTIONS, COMMENTS, AND OTHER CONCERNS WERE ADDRESSED PRIOR TO THE E-FILING OF THE RETURN WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C ANNUALLY, THE BOARD OF TRUSTEES AND OFFICERS INDIVIDUALLY SIGN CONFLICT OF INTEREST POLICIES THAT ARE MAINTAINED IN THE OFFICIAL RECORDS OF THE COLLEGE. AT LEAST ANNUALLY, THE GOVERNANCE COMMITTEE WILL ASSESS EACH TRUSTEE'S AND BOARD OFFICER'S COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY AND PROVIDE THE BOARD WITH ITS ASSESSMENT OF ANY POSSIBLE CONFLICTS OF INTEREST WHENEVER A NEW OR EXISTING TRUSTEE IS NOMINATED FOR ELECTION OR REELECTION TO THE BOARD. EMPLOYEE OFFICER COMPLIANCE IS MONITORED BY THE DIRECTOR OF HUMAN RESOURCES. ANY MEMBER WITH A CONFLICT MAY PARTICIPATE IN THE DISCUSSION, BUT MUST ABSTAIN FROM VOTING ON THE MATTER RELATED TO HIS OR HER CONFLICT. FORM 990, PART VI, SECTION B, LINE 15 THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES REVIEWS THE PERFORMANCE OF THE PRESIDENT AND RECOMMENDS TO THE FULL BOARD OF TRUSTEES THE PRESIDENT'S COMPENSATION AFTER REVIEWING COMPARABLE INFORMATION FROM OTHER SOURCES. COMPENSATION REVIEW IS PREPARED BY USING CUPAHR DATA ON DEMAND. THE COMPARISON GROUP REVIEWED INCLUDES SCHOOLS WITH SIMILAR BUDGETS AND ENROLLMENT SIZES. THE COMPARISON GROUP INCLUDES PEERS, ASPIRANTS, US NEWS & WORLD REPORT TIER 2 SCHOOLS, LANDMARK CONFERENCE, CENTENNIAL CONFERENCE AND A SELECT GROUP OF PA SCHOOLS. THE REVIEW AND APPROVAL IS DOCUMENTED BY HUMAN RESOURCES AND MINUTES OF THE BOARD OF TRUSTEE MEETINGS. THE PRESIDENT REVIEWS THE PERFORMANCE AND APPROVES THE COMPENSATION FOR OTHER OFFICERS USING COMPARATIVE DATA FOR THESE POSITIONS FROM CUPAHR. FORM 990, PART VI, SECTION C, LINE 19 THE COLLEGE MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, FINANCIAL STATEMENTS, AND APPLICABLE TAX DOCUMENTS AVAILABLE FOR INSPECTION OR REVIEW AT THE ADMINISTRATIVE OFFICES ON CAMPUS UPON REQUEST. FORM 990, PART XI, LINE 9: CHANGE IN THE VALUATION OF SPLIT-INTEREST AGREEMENTS -478,784. CHANGE IN FMV OF FUNDS HELD IN TRUST BY OTHERS -72,930. CHANGE IN THE VALUATION OF CASH SURRENDER VALUE OF LIFE INSURANCE 562,324.