2024-05-14T07:38:21-05:00 2023-06-30 390859910 BAKER TILLY US LLP 20 STANWIX STREET PITTSBURGH PA 15222 990 2022-07-01 250965576 THIEL COLLEGE THIE 7245892000 75 COLLEGE AVENUE GREENVILLE PA 16125 DR SUSAN TRAVERSO PRESIDENT 7245892000 2024-05-09 1 DR SUSAN TRAVERSO 999009999 1 JEFFREY J PETRELL P00138808 4126976400 2024-05-09 X 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z DR SUSAN TRAVERSO 75 COLLEGE AVENUE GREENVILLE PA 16125 59841646 0 X WWW.THIEL.EDU X 1866 PA POST SECONDARY UNDERGRADUATE AND GRADUATE EDUCATION. 28 26 714 20 0 0 15203959 10129913 37783360 41862266 1554159 1046058 255435 225256 54796913 53263493 19148105 20793731 0 0 15494857 16016864 0 0 689938 15218593 16393815 49861555 53204410 4935358 59083 92020593 95103100 38480192 37946299 53540401 57156801 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 50085537 20793731 41862266 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 777 UNDERGRADUATE STUDENTS AND 103 GRADUATE STUDENTS IN FOUR (SLP, PA, MBA, MHC) GRADUATE PROGRAMS; SPRING ENROLLMENT WAS 721 UNDERGRADUATE AND 101 GRADUATE STUDENTS. THE COLLEGE AWARDED MORE THAN $20.1 MILLION DOLLARS OF AID TO THESE STUDENTS.FISCAL 2023 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. 50085537 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 1 0 1 0 0 0 0 0 1 0 0 0 0 1 1413 0 714 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 28 26 1 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 V 7245892001 75 COLLEGE AVENUE GREENVILLE PA 16125 X ROD E WILT CHAIR 1.50 X X 0 0 0 DR ROBERT BURNS VICE CHAIR 1.50 X X 0 0 0 DOMINIC DIONISIO TREASURER 1.50 X X 0 0 0 MARK BENNINGHOFF SECRETARY 1.50 X 0 0 0 DR EDWARD BARTKO TRUSTEE 1.50 X 0 0 0 DR BEVERLY CIGLAR TRUSTEE 1.50 X 0 0 0 RICARDO DALEY TRUSTEE 1.50 X 0 0 0 LEAH DEVER TRUSTEE 1.50 X 0 0 0 BRIAN EVANS TRUSTEE 1.50 X 0 0 0 DR JOHN R FRANGAKIS TRUSTEE 1.50 X 0 0 0 FRED HAER TRUSTEE 1.50 X 0 0 0 BRUCE HARTMAN TRUSTEE 1.50 X 0 0 0 MATTHEW HUGHES TRUSTEE 1.50 X 0 0 0 RICK HUETHER TRUSTEE 1.50 X 0 0 0 DIANN KUDER TRUSTEE 1.50 X 0 0 0 DR FRANK MAENPA TRUSTEE 1.50 X 0 0 0 CATHERINE MOTT TRUSTEE 1.50 X 0 0 0 NATHAN NEELY TRUSTEE 1.50 X 0 0 0 MAGGIE NORRIS TRUSTEE 1.50 X 0 0 0 BRIAN NOWAK TRUSTEE 1.50 X 0 0 0 MARY ODEM TRUSTEE 1.50 X 0 0 0 DR ANTONIO QUARTERMN TRUSTEE 1.50 X 0 0 0 ROBERT ROGALSKI TRUSTEE 1.50 X 0 0 0 NICHOLAS ROMANO TRUSTEE 1.50 X 0 0 0 MATHEW SAUR TRUSTEE 1.50 X 0 0 0 MILES WALLACE TRUSTEE 1.50 X 0 0 0 MICHAEL WALTON TRUSTEE 1.50 X 0 0 0 CATHRYN ZAWACKI TRUSTEE 1.50 X 0 0 0 JOHN HUDSON TRUSTEE (UNTIL 11/22) 1.50 X 0 0 0 DALE W DEIST TRUSTEE (UNTIL 11/22) 1.50 X 0 0 0 TERRI EDDY TRUSTEE (UNTIL 11/22) 1.50 X 0 0 0 WILLIAM V PARKER TRUSTEE (UNTIL 11/22) 1.50 X 0 0 0 MICHAEL ZAWOYSKY TRUSTEE (UNTIL 11/22) 1.50 X 0 0 0 DR FRANK BAKER TRUSTEE EMERTI 0.00 X 0 0 0 RUTHANNE BEIGHLEY ESQ TRUSTEE EMERTI 0.00 X 0 0 0 ALAN FAGER TRUSTEE EMERTI 0.00 X 0 0 0 DR CARL HOFFMAN JR TRUSTEE EMERTI 0.00 X 0 0 0 DR JAMES MCHUGH TRUSTEE EMERTI 0.00 X 0 0 0 DR PETER MORTENSON TRUSTEE EMERTI 0.00 X 0 0 0 BARBARA NAKLES TRUSTEE EMERTI 0.00 X 0 0 0 MARK NORDENBERG TRUSTEE EMERTI 0.00 X 0 0 0 DR JAMES PEDAS TRUSTEE EMERTI 0.00 X 0 0 0 EDWARD G REDMAN TRUSTEE EMERTI 0.00 X 0 0 0 DR ROY STRAUSBAUGH TRUSTEE EMERTI 0.00 X 0 0 0 DR JOHN L VITALE TRUSTEE EMERTI 1.50 X 0 0 0 DR SUSAN TRAVERSO PRESIDENT 40.00 X 334713 25000 45725 DR GREG BUTCHER VP ACADEMIC AFFAIRS & DEAN 40.00 X 108610 0 24657 ASHLEY ZULLO VP ENROLLMENT MANAGEMENT 40.00 X 151140 0 7114 ROBERTA LEONARD VP COLLEGE ADVANCEMENT 40.00 X 128997 0 14491 MICHAEL MCKINNEY VP STUDENT LIFE & DEAN 40.00 X 117450 0 5666 AMY ARBOGAST VP FINANCE & ADMINISTRATION 40.00 X 177217 0 7179 RICHARD ORR ED COMMUNICATIONS & MARKET 40.00 X 95975 0 25535 ANTHONY KOS PROFESSOR, DEPT. CHAIR 40.00 X 114514 0 24922 MARY BETH MASON PROFESSOR, SL PROGRAM DIR. 40.00 X 137474 0 20858 LYNN WILLIAMS PA PROG MED DIRECTOR & AP 40.00 X 140360 0 6516 1506450 25000 182663 9 0 1 0 HUDSON CONSTRUCTION 1625 DUTCH LANE HERMITAGE PA 16148 CONSTRUCTION SERVICES 3168165 AVI FOODSYSTEMS INC 2590 ELM ROAD NE WARREN OH 44483 CAMPUS FOOD SERVICES 2512801 GOV CONNECTION PO BOX 536477 PITTSBURGH PA 15250 IT SERVICES 445064 RENICK PO BOX 94 434 GROVE CITY ROAD SLIPPERY ROCK PA 16057 CONSTRUCTION SERVICES 404101 AMERICAN INTERIORS PO BOX 73442 CLEVELAND OH 44193 CONSTRUCTION SERVICES 315975 16 19755 1906657 8203501 8100 10129913 TUITION AND FEES 611310 32893755 32893755 AUXILIARY ENTERPRISES 611310 8968511 8968511 41862266 1464432 1464432 82576 82576 3750 15007 -11257 -11257 -11257 6036923 6537873 -500950 -500950 -500950 14350 19755 25273 -10923 -10923 SPECIAL EVENTS 900099 89528 89528 INSURANCE SETTLEMENT 900099 51726 51726 ATHLETICS INCOME 711210 26709 26709 79473 79473 247436 53263493 41862266 0 1271314 20793731 20793731 1156121 512509 498933 144679 11551431 10861270 362519 327642 451310 392123 39857 19330 1935462 1840955 60896 33611 922540 818513 68917 35110 46359 46359 88110 88110 149968 149968 3812400 3686514 84730 41156 535512 511920 23584 8 1241185 858871 344849 37465 941889 941889 1367025 1335446 31579 554408 520040 7848 26520 1279 1279 1954830 1954830 3658310 3658310 595569 591405 4164 EQUIPMENT/LEASES 437570 437570 STUDENT SERVICES 405349 404809 540 SPECIAL PROGRAMMING 164997 164997 RESERVE LOAN LOSSES 7214 7214 431841 382747 28841 20253 53204410 50085537 2428935 689938 1638 1686 8692601 6660010 2958968 2304742 2226537 1923349 150790 153386 999288 801846 117981713 77505801 40729783 40475912 28022598 33947264 510612 432766 7727778 8402139 92020593 95103100 1882865 1797564 658176 672805 30961650 30501519 475432 422543 4502069 4551868 38480192 37946299 X 6033221 3227579 47507180 53929222 53540401 57156801 92020593 95103100 59083 3557317 0 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 35898068 3493637 4233192 976117 1071155 41577625 40473423 4049407 -6566677 968454 1089631 35898068 32112373 2443195 8201999 943880 1340264 40473423 31553983 2113405 620029 958145 1216899 32112373 31162249 1663685 906180 869314 1308817 31553983 0.00000 0.84400 0.15600 1 0 684649 684649 92926900 65260553 27666347 23408547 12245248 11163299 961617 961617 40475912 BENEFICIAL INTEREST IN ASSETS HELD IN TRUST 7648200 RIGHT OF USE ASSETS 753939 8402139 CONDITIONAL ASSET RETIREMENT OBLIGATION 3436437 REFUNDABLE ADVANCES 126021 DEPOSITS HELD IN CUSTODY FOR OTHERS 210163 ANNUITIES PAYABLE 25308 OPERATING LEASE OBLIGATIONS 753939 4551868 X 36592713 3557317 -20268377 -16711060 53303773 -40280 -40280 53263493 32976313 40280 40280 32936033 20268377 20268377 53204410 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 THE APPROPRIATE TAXING AUTHORITY. MEASUREMENT OF THE TAX UNCERTAINTY OCCURS IF THE RECOGNITION THRESHOLD HAS BEEN MET. MANAGEMENT DETERMINED THERE WERE NO TAX UNCERTAINTIES THAT MET THE RECOGNITION THRESHOLD AT JUNE 30, 2023 AND 2022. PART XI, LINE 2D - OTHER ADJUSTMENTS: INDIVIDUAL SCHOLARSHIPS NETTED TO TUITION ON FINANCIAL STATEMENTS -20,118,409. INVESTMENT MANAGEMENT FEES NETTED TO REVENUES ON FINANCIAL STATEMENTS -149,968. PART XI, LINE 4B - OTHER ADJUSTMENTS: RENTAL EXPENSES -15,007. FUNDRAISING EVENT EXPENSES -25,273. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES 15,007. FUNDRAISING EVENT EXPENSES 25,273. PART XII, LINE 4B - OTHER ADJUSTMENTS: INDIVIDUAL SCHOLARSHIPS NETTED TO TUITION ON FINANCIAL STATEMENTS 20,118,409. INVESTMENT MANAGEMENT FEES NETTED TO REVENUES ON FINANCIAL STATEMENTS 149,968. 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 23860 13110 10750 900 12853 6574 CAM CIANCI SCHOLARSHIP GOLF OUTING 10245 6645 3600 1238 3360 348 34105 19755 14350 2138 3360 13201 6574 25273 -10923 1 ENDOWMENT FINANCIAL AID FOR TUITION 767 17254673 0 N/A N/A INSTITUTIONAL UNFUNDED AID 294 2863736 0 N/A N/A HEERF STUDENT RELIEF FUNDS 737 675322 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 250000 0 76313 0 8400 25000 24167 0 21558 0 380438 25000 0 0 AMY ARBOGAST VP FINANCE & ADMINISTRATION 177217 0 0 0 0 0 7179 0 0 0 184396 0 0 0 MARY BETH MASON PROFESSOR, SL PROGRAM DIR. 137474 0 0 0 0 0 4178 0 16680 0 158332 0 0 0 ASHLEY ZULLO VP ENROLLMENT MANAGEMENT 151140 0 0 0 0 0 6732 0 382 0 158254 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, RECEIVED DEFERRED CONTRIBUTIONS TO A 457(F) PLAN IN THE AMOUNT OF $20,000 DURING THE CALENDAR YEAR 2022. A MERCER COUNTY INDUSTRIAL DEVELOPMENT AUTHORITY SERIES 2020 237403539 58787LAA8 2020-10-27 32500000 SEE PART VI 0 0 0 A 1010000 32500000 1227957 647506 15249774 14826969 547795 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. 45600 SCHOLARSHIPS EDUCATIONAL SCHOLARSHIPS JOHN HUDSON TRUSTEE 3168165 SEE PART V 0 SCHEDULE L, PART IV: JOHN HUDSON, BOARD CHAIR, IS THE BROTHER OF THE OWNER OF HUDSON CONSTRUCTION, INC. HUDSON CONSTRUCTION WAS THE GENERAL CONTRACTOR FOR THIEL COLLEGE'S CONSTRUCTION PROJECT DURING THE FISCAL YEAR. THE TRANSACTION WENT THROUGH THE PROPER BIDDING PROCESS AND JOHN HUDSON ABSTAINED FROM VOTING. 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 A, LINE 2 ROD E. WILT AND JOHN HUDSON HAVE A BUSINESS RELATIONSHIP. 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