2024-04-26T15:58:22-05:00 2023-06-30 FORVIS LLP 201 N Illinois Street Indianapolis IN 46204 990 2022-07-01 314379584 Marietta College % SARAH MOUCH MARI 7403764720 215 FIFTH STREET MARIETTA OH 45750 J MICHAEL BRUCE CFO 7403764720 2024-05-15 true Sarah Mouch 999009999 NICOLE B FISHBACK P01279475 3173834000 2024-05-15 2 2022 2023-04-26 12:10:37Z SARAH MOUCH 215 FIFTH STREET MARIETTA OH 45750 76540804 false X WWW.MARIETTA.EDU X 1835 OH MARIETTA COLLEGE PROVIDES A STRONG FOUNDATION FOR A LIFETIME OF LEADERSHIP, CRITICAL THINKING, AND PROBLEM SOLVING. 23 22 1023 25 -11 0 14000639 14569985 55663369 53534662 3255838 2397634 0 0 72919846 70502281 27983409 26759637 0 0 28704979 27166401 57914 0 1192700 23794913 23986531 80541215 77912569 -7621369 -7410288 196534136 196984188 46389907 46361075 150144229 150623113 X MARIETTA COLLEGE (MC) PROVIDES A STRONG FOUNDATION FOR A LIFETIME OF LEADERSHIP, CRITICAL THINKING, AND PROBLEM SOLVING. WE ACHIEVE THIS MISSION BY OFFERING UNDERGRADUATES A CONTEMPORARY LIBERAL ARTS EDUCATION AND GRADUATE STUDENTS AN EDUCATION GROUNDED IN ADVANCED KNOWLEDGE AND PROFESSIONAL PRACTICE. INTELLECTUAL AND CREATIVE EXCELLENCE DEFINES THE MARIETTA EXPERIENCE. false false 71114722 26759637 53534662 CHARTERED IN 1835, MARIETTA COLLEGE (MC) IS A PRIVATE, NOT-FOR-PROFIT INSTITUTION OF HIGHER EDUCATION WHICH PROVIDES EDUCATION IN UNDERGRADUATE PROGRAMS IN LIBERAL ARTS AND SCIENCES AND IN SELECTED AREAS AT THE MASTER'S LEVELS. THE COLLEGE'S REVENUES ARE PREDOMINANTLY DERIVED FROM STUDENT TUITION, ROOM, BOARD AND OTHER FEES. MC OFFERS INSTRUCTION TO STUDENTS IN A LEARNING ENVIRONMENT THAT IS CULTURALLY AND GEOGRAPHICALLY DIVERSE WITH STUDENTS COMING FROM MANY STATES AND COUNTRIES. STUDENTS CAN BLEND A STRONG LIBERAL ARTS CURRICULUM WITH A VARIETY OF MAJORS AND DEVELOP CONCENTRATIONS IN AREAS SUCH AS LEADERSHIP, FINANCE, AND ASIAN STUDIES. IN ADDITION TO THE MORE TRADITIONAL LIBERAL ARTS PROGRAMS, MC OFFERS SEVERAL INNOVATIVE CAREER-ORIENTED DEGREE PROGRAMS, E.G., SPORTS MEDICINE, COMPUTER SCIENCE, PETROLEUM ENGINEERING AND ENVIRONMENTAL SCIENCE. A STUDENT'S EDUCATIONAL EXPERIENCE IS ENHANCED THROUGH PARTICIPATION IN SPECIAL CO-AND EXTRA-CURRICULAR OPPORTUNITIES, SUCH AS THE FIRST-YEAR STUDENT PROGRAM, MC'S INTERNATIONAL COMMUNITY, THE MCDONOUGH LEADERSHIP PROGRAM, INVESTIGATIVE STUDIES, AND MC'S HONOR PROGRAM. TOTAL ENROLLMENT FOR THE 2022-2023 ACADEMIC YEAR WAS 1,198 STUDENTS. 71114722 true true false false false false false true false true true true false true true true true false true true true false false false false false false false true true true false false false false false false false false true false true false false false false true false false false true 1666 0 true 1023 true true true false false false false false false false false true false false false X 23 22 true false false false false false false true true false false true true true true true true true true false X SARAH MOUCH 7403764720 215 FIFTH STREET MARIETTA OH 45750 WILLIAM RUUD PRESIDENT 40.0 0.0 X X 516273 0 139390 EMILY SCHUCK AVP FOR ENROLLMENT MANAGEMENT 40.0 0.0 X 130605 0 90673 JANET BLAND PROVOST 40.0 0.0 X 193402 0 16496 JOSHUA JACOBS VP OF ADVANCEMENT 40.0 0.0 X 163885 0 36376 SCOT SCHAEFFER VP OF ENROLLMENT MANAGEMENT 40.0 0.0 X 143185 0 30841 JEFFREY WELCH TREASURER & VP FINANCE & ADM 40.0 0.0 X 165860 0 2020 JONATHAN VANDERWAL HEAD COACH / ATHLETIC DIRECTOR 40.0 0.0 X 132279 0 29194 JOHN GROSEL PROFESSOR 40.0 0.0 X 120778 0 21741 MARK MILLER SECRETARY / PROFESSOR 40.0 0.0 X 94183 0 30074 KAYLEIGH WILLIAMS ASST TREASURER 40.0 0.0 X 95873 0 1250 GEORGE W FENTON TRUSTEE 1.0 0.0 X 0 0 0 ROBERT M BRUCKEN TRUSTEE 1.0 0.0 X 0 0 0 FRED BENTLEY TRUSTEE 1.0 0.0 X 0 0 0 BRIAN BRUCKEN TRUSTEE 1.0 0.0 X 0 0 0 DANIELLE CISLER TRUSTEE 1.0 0.0 X 0 0 0 JANICE D DONOGHUE TRUSTEE 1.0 0.0 X 0 0 0 ANDREW FERGUSON TRUSTEE 1.0 0.0 X 0 0 0 JAMES FRYFOGLE TRUSTEE 1.0 0.0 X 0 0 0 ROCHELLE SCHRECONGOST GOODWIN VICE CHAIR, BOARD OF TRUSTEES 1.0 0.0 X 0 0 0 DAVID HILL TRUSTEE 1.0 0.0 X 0 0 0 JOHN E HOPKINS TRUSTEE 1.0 0.0 X 0 0 0 MARY P KORN CHAIR, BOARD OF TRUSTEES 1.0 0.0 X 0 0 0 DIANN KRIVCHENIA TRUSTEE 1.0 0.0 X 0 0 0 DAN LEONARD TRUSTEE 1.0 0.0 X 0 0 0 MICHAEL L MOFFITT TRUSTEE 1.0 0.0 X 0 0 0 KEVIN R O'NEILL TRUSTEE 1.0 0.0 X 0 0 0 STEPHANIE E PELOQUIN TRUSTEE 1.0 0.0 X 0 0 0 LESLIE C RITTER TRUSTEE 1.0 0.0 X 0 0 0 MATTHEW B WEEKLEY TRUSTEE 1.0 0.0 X 0 0 0 JAMES S WILSON TRUSTEE 1.0 0.0 X 0 0 0 KATHRYN BAILEY TRUSTEE 1.0 0.0 X 0 0 0 MARC R PONCIONE TRUSTEE 1.0 0.0 X 0 0 0 1756323 0 398055 19 false true false EAB 1920 E PARHAM RD RICHMOND VA 23228 CONTRACT SERVICES 636211 ELLUCIAN COMPANY LP 4 COUNTRY VIEW RD MALVERN PA 19355 CONTRACT SERVICES 387180 PIONEER TRAILS INC 7572 SR 421 MILLERSBURG OH 44654 TRANSPORTATION 230946 MORRISON INC 410 COLEGATE DR MARIETTA OH 45750 CONTRACT SERVICES 173388 EAT 'N PARK HOSPITALITY GROUP 316 Washington Ave WHEELING WV 26003 FOOD SERVICE 2973548 5 6627108 7942877 559324 14569985 TUITION 611600 41446204 41446204 AUXILIARY SERVICES 611710 11006713 11006713 EDUCATIONAL SERVICES 611710 1081745 1081745 53534662 2595657 -11 2595668 0 0 0 0 0 5840500 6038523 -198023 -198023 -198023 0 0 0 0 0 0 0 0 0 0 70502281 53534662 -11 2397645 0 26759637 26759637 0 0 1181030 1181030 78671 78671 21020672 19777053 545158 698461 95200 200 95000 3311485 3072213 119034 120238 1479343 1351186 74813 53344 0 175025 11396 163629 199002 199002 0 0 371449 371449 3477820 2890125 584955 2740 39273 39273 4179951 3752531 298642 128778 1111244 1031399 79845 0 1837796 1829955 7841 844375 778432 20505 45438 0 0 1618397 1472741 113288 32368 0 5154561 4690651 360819 103091 774003 774003 EQUIPMENT REPAIRS & MAINT. 1980999 1856503 122159 2337 RECRUITING 338287 178321 159966 STUDENT ACTIVITIES 280179 280179 ALUMNI EVENTS 294921 294921 1309249 969335 334009 5905 77912569 71114722 5605147 1192700 5830160 7374459 15022 15091 9367068 9584946 654086 288914 0 0 0 0 403097 283212 0 0 161493 163091 166455975 92682057 78926177 73773918 61481808 62376119 19526880 21780891 0 0 0 0 20168345 21343547 196534136 196984188 2691491 5055871 0 0 1536375 1401457 30107969 28230165 0 0 0 0 0 0 10635745 10471210 1418327 1202372 46389907 46361075 X 39510336 33197599 110633893 117425514 150144229 150623113 196534136 196984188 X -7410288 7172356 716816 X false true X true true true X 12609917 10747486 13853464 14000639 14569985 65781491 0 0 12609917 10747486 13853464 14000639 14569985 65781491 3888786 61892705 3092493 2715914 2616559 2103883 2595657 13124506 0 0 78905997 262390791 0.78438 0.76890 X SCHEDULE A, PART II PUBLIC SUPPORT TEST: PART II HAS BEEN COMPLETED TO PROVE THE COLLEGE MEETS THE PUBLIC SUPPORT TEST AND THEREFORE QUALIFIES TO USE THE SPECIAL RULE IN REPORTING ON SCHEDULE B. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X false 87959651 1616139 8120623 1662483 6599709 0 89434221 105582107 4304089 -19515771 1895080 26436 489258 87959651 85460235 1640127 20499036 1687208 11865 318218 105582107 88469294 2186978 1824503 1621986 5041900 356654 85460235 83580253 5779600 4533962 1716437 3328310 379774 88469294 0.03400 0.86100 0.10500 false false 3909810 3909810 126617774 64849328 61768446 9948244 5134779 4813465 21562489 19430391 2132098 4417658 3267559 1150099 73773918 HEDGE FUNDS OF FUNDS 8000694 F PRIVATE EQUITY FUNDS 13775849 F REAL ESTATE FUNDS 4348 F 21780891 REM. INT. IN LIFE INCOME TRUST 761163 BEN. INT. IN PERPETUAL TRUST 20582384 21343547 0 AGENCY FUNDS HELD FOR OTHERS 103258 ANNUITIES PAYABLE 456035 US GOVERNMENT REFUNDABLE ADVANCES 248436 ACCRUED POST RETIREMENT LIABILITY 394643 1202372 X 51385993 7172356 7172356 44213637 371450 25917194 26288644 70502281 50907109 50907109 371450 26634010 27005460 77912569 SCHEDULE D, PART III, LINE 4 COLLECTIONS OF ART - DESCRIPTIONS OF ART - DESCRIPTION OF COLLECTIONS: THE COLLEGE HOLDS VARIOUS COLLECTIONS OF PAINTINGS, RUGS, SCULPTURES, AND FIGURINES. THESE COLLECTIONS FURTHER THE ORGANIZATION'S EXEMPT PURPOSE OF PROVIDING AND MAINTAINING EXCELLENT UNDERGRADUATE AND GRADUATE PROGRAMS, BY ENHANCING SCHOLARLY RESEARCH AND PROVIDING FOR FUTURE GENERATIONS. SCHEDULE D, PART V, LINE 4 INTENDED USES OF ENDOWNMENT FUNDS: FUNDS HELD FOR INVESTMENT ARE TO SUPPORT THE EDUCATIONAL OBJECTIVES OF MARIETTA COLLEGE. THE BOARD OF TRUSTEES BELIEVES THAT GRANTS LIKELY TO BE MADE IN THE FUTURE ARE AS IMPORTANT AS GRANTS MADE TODAY. THIS IS CONSISTENT WITH THE PHILOSOPHY THAT THIS ENDOWMENT EXISTS IN PERPETUITY, AND THEREFORE, SHOULD PROVIDE FOR GRANT MAKING IN PERPETUITY. TO ATTAIN THIS GOAL, THE OVERRIDING OBJECTIVE OF THIS ENDOWMENT IS TO PROVIDE CASH FLOW TO THE ANNUAL OPERATING BUDGET AND TO MAINTAIN THE PURCHASING POWER OF THE ENDOWMENT. THAT IS, NET OF SPENDING AND COSTS, THE OBJECTIVE IS TO GROW THE AGGREGATE PORTFOLIO VALUE AT A RATE GREATER THAN THE RATE OF INFLATION OVER THE ENDOWMENT INVESTMENT HORIZON. THE INVESTMENT HORIZON IS PERPETUITY. SCHEDULE D, PART X, LINE 2 FASB ASC 740 FOOTNOTE: THE COLLEGE IS EXEMPT FROM INCOME TAXES UNDER SECTION 501 OF THE INTERNAL REVENUE CODE AND A SIMILAR PROVISION OF STATE LAW. HOWEVER, THE COLLEGE IS SUBJECT TO FEDERAL INCOME TAX ON ANY UNRELATED BUSINESS TAXABLE INCOME. THE COLLEGE FILES TAX RETURNS IN THE U.S. FEDERAL JURISDICTION. MANAGEMENT HAS EVALUATED THEIR INCOME TAX POSITIONS UNDER THE GUIDANCE INCLUDED IN ASC 740. BASED ON THEIR REVIEW, MANAGEMENT HAS NOT IDENTIFIED ANY MATERIAL UNCERTAIN TAX POSITIONS TO BE RECORDED OR DISCLOSED IN THE FINANCIAL STATEMENTS. SCHEDULE D, PART XI, LINE 4B RECONCILIATION OF REVENUE: STUDENT FINANCIAL AID $ 26,668,510 POSTRETIREMENT LIABILITY RELATED CHANGES OTHER THAN PERIODIC COSTS 50,738 ACTUARIAL ADJUSTMENT OF SPLIT INTEREST AGREEMENTS 34,318 CHANGE IN PERPETUAL TRUSTS HELD BY OTHERS (798,956) CHANGE IN FMV OF INTEREST RATE SWAP (37,416) TOTAL $ 25,917,194 SCHEDULE D, PART XII, LINE 4B RECONCILIATION OF EXPENSES: STUDENT FINANCIAL AID $26,668,510 BAD DEBT EXPENSE FOR PLEDGES (34,500) TOTAL $26,634,010 true true true true true true true false false false false false false false false true false true SCHEDULE E, PART I, LINE 3 NON-DISCRIMINATION POLICY: NON-DISCRIMINATION POLICY IS CONTAINED IN PUBLICATIONS MAILED TO ALL STUDENTS EXPRESSING INTEREST IN MARIETTA COLLEGE AS WELL AS THE APPLICATION FOR ADMISSION. MARIETTA COLLEGE ADMITS STUDENTS OF ANY RACE, NATIONAL OR ETHNIC ORGIN, DISABILITY, GENDER ORIENTATION, OR RELIGIOUS AFFILIATION TO ALL THE RIGHTS, PRIVILEGES, PROGRAMS AND ACTIVITIES GENERALLY ACCORDED OR MADE AVAILABLE TO STUDENTS AT THE SCHOOL. IT DOES NOT DISCRIMINATE ON THE BASIS OF RACE, COLOR, NATIONAL OR ETHIC ORIGIN, DISABILITY, GENDER ORIENTATION, OR RELIGIOUS AFFILIATION IN ADMINISTRATION OF ITS EDUCATIONAL POLICIES, ADMISSIONS POLICIES, SCHOLARSHIP AND LOAN PROGRAMS, AND ATHLETIC AND OTHER COLLEGE-ADMINISTERED PROGRAMS. SCHEDULE E, PART I, LINE 6A FINANCIAL AID OR ASSISTANCE FROM A GOVERNMENTAL AGENCY: MARIETTA COLLEGE RECEIVED ASSISTANCE FROM THE U.S. DEPARTMENT OF EDUCATION FEDERAL STUDENT AID PROGRAM TO FUND THE COST OF ATTENDANCE FOR ELIGIBLE STUDENTS. THESE PROGRAMS INCLUDE PELL, WORK STUDY, FEDERAL SUPPLEMENTAL EDUCATION OPPORTUNITY GRANTS, STAFFORD LOANS, ACADEMIC COMPETITIVENESS GRANTS AND SMART GRANTS. THE COLLEGE ALSO RECEIVES GRANT MONEY FROM THE STATE OF OHIO FOR THE ACHIEVEMENT OF SPECIFIC EDUCATIONAL RELATED ACTIVITIES. Central America and the Caribbean 0 0 Investments 7761504 Europe (Including Iceland and Greenland) 0 0 Investments 7492217 0 0 0 0 15253721 15253721 true false true true true false SCHEDULE F, PART I, LINE 3 METHOD TO ACCOUNT FOR EXPENDITURES ON ORG'S FINANCIAL STATEMENTS: CENTRAL AMERICA AND THE CARIBBEAN: ACCRUAL EUROPE (INCLUDING ICELAND AND GREENLAND): ACCRUAL true MARIETTA COLLEGE GRANTS 740 8309976 MARIETTA COLLEGE SCHOLARSHIPS 776 16705989 GIFT ENDOWED SCHOLARSHIPS 255 1654513 GIFT SUPPORTED SCHOLARSHIPS 20 50036 PRIZES & AWARDS 5 39123 SCHEDULE I, PART I, LINE 2 PROCEDURES FOR MONITORING USE OF GRANT FUNDS: GRANT FUNDS ARE MONITORED THROUGH AN INSTITUTIONAL ADMINISTRATIVE DATABASE IN ACCORDANCE WITH FEDERAL, STATE, LOCAL, AND INSTITUTIONAL REGULATIONS AND POLICIES. X true true X X X X false true false false false false false true false WILLIAM RUUD PRESIDENT 312588 0 0 0 203685 0 94667 0 44723 0 655663 0 195961 0 JEFFREY WELCH TREASURER & VP FINANCE & ADM 162466 0 0 0 3394 0 2020 0 0 0 167880 0 0 0 JOSHUA JACOBS VP OF ADVANCEMENT 162863 0 0 0 1022 0 7533 0 28843 0 200261 0 0 0 SCOT SCHAEFFER VP OF ENROLLMENT MANAGEMENT 141259 0 0 0 1926 0 2176 0 28665 0 174026 0 0 0 JONATHAN VANDERWAL HEAD COACH / ATHLETIC DIRECTOR 119084 0 12500 0 695 0 1700 0 27494 0 161473 0 0 0 EMILY SCHUCK AVP FOR ENROLLMENT MANAGEMENT 129866 0 0 0 739 0 1645 0 89028 0 221278 0 0 0 JANET BLAND PROVOST 192066 0 0 0 1336 0 2680 0 13816 0 209898 0 0 0 SCHEDULE J, PART I, LINE 1A HOUSING ALLOWANCE OR RESIDENCE FOR PERSONAL USE: PURSUANT TO IRC 119 THE HOUSING PROVIDED TO THE PRESIDENT OF THE COLLEGE IS EXCLUDED FROM TAXATION. THERE IS NO CASH REIMBURSEMENT ISSUED TO THE PRESIDENT FOR THE HOUSING ALLOWANCE. THE RESIDENCE IS FURNISHED FOR THE CONVENIENCE OF MARIETTA COLLEGE, AND IT IS AVAILABLE FOR USE TO HOST FACULTY, STAFF, AND STUDENT FUNCTIONS. THE PRESIDENT WAS REQUIRED TO LIVE IN THE RESIDENCE AS A CONDITION OF HIS EMPLOYMENT, AND HIS RESIDENCE IS CONTIGUOUS TO THE COLLEGE'S CAMPUS. SCHEDULE J, PART I, LINE 4B SECTION 457(F) SUPPLEMENTAL RETIREMENT PLAN PAYMENTS MADE BY ORGANIZATION: WILLIAM RUUD: DISTRIBUTION - $195,961 CONTRIBUTION - $90,000 JOSHUA JACOBS: CONTRIBUTION - $5,000 SCHEDULE J, PART I, LINE 7 NONFIXED PAYMENTS: JONATHAN VANDERWAL IS THE MEN'S HEAD BASKETBALL COACH. HE IS ELIGIBLE FOR ADDITIONAL COMPENSATION EACH YEAR BASED ON THE SUCCESS OF THE MEN'S BASKETBALL TEAM PER A SET SCHEDULE. THE AMOUNT REPORTED WAS BASED ON THAT SCHEDULE. SCHEDULE J, PART II, COLUMN D NONTAXABLE BENEFITS: THE AMOUNT OF NONTAXABLE BENEFITS REPORTED FOR EMILY SCHUCK INCLUDES TUITION ASSISTANCE IN THE AMOUNT OF $67,396. TUITION ASSISTANCE IS AVAILABLE TO ALL EMPLOYEES. A SOUTHEASTERN OHIO PORT AUTHORITY 820585565 2020-10-01 33500000 CURRENTLY REFUND BOND ISSUES false false false A 5097201 0 33500000 0 0 0 0 0 0 0 33500000 0 2020 true false true true A false false false 0.00000 0.00000 0.00000 false false false true A false true true false true true PEOPLES BANK 10. false true false 0 false true A true SCHEDULE K, PART IV, ARBITRAGE, 4A SWAP RELATES TO $11,000,000 IN PRINCIPAL AMOUNT OF REFERENCED BOND ISSUE. JUDITH RUUD WIFE OF PRESIDENT 27866 COMPENSATION false HEATHER MILLER WIFE OF BOARD SECRETARY 7833 COMPENSATION false SARAH JACOBS WIFE OF VP JOSHUA JACOBS 27675 COMPENSATION false X 1 54660 MARKET VALUE X 18 398916 STOCK QUOTE X MISC PERSONAL PROPERTY 8 105748 COST false true false SCHEDULE M, PART I, COLUMN (B) NUMBER OF CONTRIBUTORS: THE COLLEGE REPORTS THE NUMBER OF CONTRIBUTIORS IN COLUMN (B). FORM 990, PART VI, LINE 1A DELEGATE BROAD AUTHORITY TO A COMMITTEE: THERE SHALL BE A STANDING EXECUTIVE COMMITTEE COMPOSED OF THE CHAIRPERSON AND VICE CHAIRPERSON OF THE BOARD; THE PRESIDENT OF THE COLLEGE; THE CHAIRPERSONS OF ALL OTHER STANDING COMMITTEES; AND THE SECRETARY AND TREASURER OF TRUSTEES. A QUORUM SHALL CONSIST OF SIX MEMBERS OF THE EXECUTIVE COMMITTEE. ANY OTHER TRUSTEE MAY ATTEND MEETINGS OF THE EXECUTIVE COMMITTEE AND PARTICIPATE IN ALL DISCUSSIONS. THE EXECUTIVE COMMITTEE SHALL BE, AND IS HEREBY, VESTED WITH ALL THE POWERS AND DUTIES OF THE BOARD OF TRUSTEES, BETWEEN BOARD OF TRUSTEE MEETINGS EXCEPT SECURED LOANS AND CHANGES TO THE BYLAWS. WHILE VESTED WITH BROAD AUTHORITY, THE EXECUTIVE COMMITTEE SHALL BE EXPECTED TO EXERCISE SOUND DISCRETION IN DETERMINING THOSE MATTERS WHICH SHOULD AND CAN REASONABLY BE POSTPONED UNTIL THE NEXT MEETING OF THE BOARD. THE SECRETARY, OR IN HIS OR HER ABSENCE, THE ASSISTANT SECRETARY, SHALL ACT AS SECRETARY AT MEETINGS OF THE EXECUTIVE COMMITTEE AND SHALL KEEP THE MINUTES OF THE PROCEEDINGS, WHICH MINUTES SHALL BE TRANSCRIBED AND MAILED TO ALL MEMBERS OF THE BOARD OF TRUSTEES PRIOR TO THE NEXT MEETING. FORM 990, PART VI, SECTION A, LINE 2 BUSINESS AND FAMILY RELATIONSHIPS: ANDREW FERGUSON, TRUSTEE, HAS A BUSINESS RELATIONSHIP WITH STEPHANIE PELOQUIN; TRUSTEE BRIAN BRUCKEN HAS A FAMILY RELATIONSHIP WITH ROBERT BRUCKEN. FORM 990, PART VI, SECTION B, LINE 11B REVIEW OF FORM 990 BY GOVERNING BODY: A DRAFT OF THE FORM 990 IS PREPARED BY THE FINANCIAL AND BUSINESS SERVICES STAFF AND AN INDEPENDENT ACCOUNTING FIRM. PRIOR TO FILING, THE DRAFT 990 IS PROVIDED TO THE CFO AND PRESIDENT FOR REVIEW. THE AUDIT COMMITTEE, ON BEHALF OF BOARD OF TRUSTEES, REVIEWS THE FORM 990 PRIOR TO FILING. AN ELECTRONIC COPY OF THE FORM 990 AND SUPPLEMENTAL SCHEDULES ARE THEN PROVIDED TO ALL TRUSTEES PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C CONFLICT OF INTEREST POLICY: COVERED INDIVIDUALS: AN INDIVIDUAL THAT IS A 1) CURRENT OFFICER, TRUSTEE OR KEY EMPLOYEE: 2) FORMER OFFICER, TRUSTEE OR KEY EMPLOYEE DEPENDING ON CURRENT COMPENSATION ARRANGEMENTS; AND 3) ONE OF THE TOP FIVE PAID INDIVIDUALS OUTSIDE THE GROUPS IN (1) AND (2) ABOVE. COLLEGE OFFICERS SHALL REFER SUCH CONFLICTS AS THEY ARE UNABLE TO RESOLVE TO THE PRESIDENT AND OR AUDIT COMMITTEE FOR HIS OR HER RECOMMENDATION. COVERED INDIVIDUALS WHO HAVE DECLARED OR HAVE BEEN FOUND TO HAVE A CONFLICT OF INTEREST SHALL REFRAIN FROM PARTICIPATING IN CONSIDERATION OF PROPOSED TRANSACTIONS, UNLESS FOR SPECIAL REASONS THE BOARD OF TRUSTEES OR ADMINISTRATION REQUESTS INFORMATION ON INTERPRETATION. A TRUSTEE SHALL NOT VOTE ON ANY MATTER UNDER CONSIDERATION AT A BOARD OF TRUSTEES MEETING IN WHICH SAID TRUSTEE HAS A CONFLICT OF INTEREST, NOR SHALL SAID TRUSTEE BE COUNTED IN DETERMINING THE QUORUM FOR THE MEETING. THE MINUTES OF THE MEETING SHALL REFLECT THAT A DISCLOSURE WAS MADE BY THE TRUSTEE HAVING A CONFLICT OF INTEREST AND THAT THIS TRUSTEE ABSTAINED FROM VOTING AND WAS NOT COUNTED IN DETERMINING THE QUORUM FOR THE MEETING. TRUSTEE COMMITTEES AND THEIR MEMBERS SHALL OPERATE UNDER THE PROCEDURES OUTLINED ABOVE. FORM 990, PART VI, SECTION B, LINE 15A PROCESS TO ESTABLISH COMPENSATION OF TOP MANAGEMENT OFFICIALS: COMPENSATION FOR THE COLLEGE PRESIDENT IS ESTABLISHED BY THE COLLEGE BOARD OF TRUSTEES AND DOCUMENTED IN A MULTI-YEAR EMPLOYMENT CONTRACT. ALL COMPENSATION LEVELS ARE COMPARED TO PUBLISHED INDUSTRY DATA (PRIMARY SOURCE - COLLEGE AND UNIVERSITY PROFESSIONAL ASSOCIATION FOR HUMAN RESOURCES) FOR REASONABLENESS. THE PROCESS IS UNDERTAKEN CONSISTENTLY WITH THE MULTI-YEAR CONTRACT REVIEW AND WAS LAST DONE IN OCTOBER 2022. FORM 990, PART VI, SECTION B, LINE 15B PROCESS TO ESTABLISH COMPENSATION OF OTHER OFFICERS OR KEY EMPLOYEES: THE COLLEGE SEEKS TO ESTABLISH COMPENSATION LEVELS THAT ARE INTERNALLY EQUITABLE AND EXTERNALLY COMPETITIVE. COMPENSATION GOALS FOR FACULTY ARE TO ACHIEVE AN AVERAGE SALARY, BY RANK, AS IDENTIFIED AS THE 40TH PERCENTILE OF THE AAUP GUIDELINES BY RESEARCH CATEGORY. COMPENSATION LEVELS FOR EXEMPT AND NON-EXEMPT EMPLOYEES WILL BE DETERMINED USING THE MEAN CUPA-HR SALARY FOR PRIVATE, INDEPENDENT COLLEGES WITH COMPARABLE ENROLLMENT AND BUDGET CATEGORIES AND MAY INCLUDE GEOGRAPHIC REGION DEPENDING UPON THE POSITION. IN INSTANCES WHERE POSITIONS DO NOT HAVE A MATCH IN THE CUPA-HR DATA, A SLOTTING METHODOLOGY WILL BE USED TO DETERMINE FAIR AND EQUITABLE COMPENSATION. A POSITION WILL BE CONSIDERED A MATCH WHEN 80% OF THE DUTIES AND RESPONSIBILITIES ARE RECOGNIZED IN THE JOB DESCRIPTION. THE PRESIDENT, VICE PRESIDENT FOR FINANCE AND ADMINISTRATIVE SERVICES AND DIRECTOR OF HUMAN RESOURCES, WILL MONITOR SALARY RANGES ON AT LEAST AN ANNUAL BASIS AND WILL MAKE RECOMMENDATIONS FOR MARKET ADJUSTMENTS AS NEEDED. NEW POSITIONS OR POSITIONS THAT HAVE BEEN MODIFIED WILL BE EVALUATED USING BEST PRACTICE COMPENSATION METHODOLOGY TO DETERMINE SALARY OR HOURLY RATE. THE PROCESS IS UNDERTAKEN ANNUALLY, AND WAS LAST COMPLETED IN OCTOBER 2022. FORM 990, PART VI, SECTION C, LINE 19 REQUIRED DOCUMENTS AVAILABLE TO THE PUBLIC: FINANCIAL STATEMENTS, GOVERNING DOCUMENTS, AND CONFLICT OF INTEREST POLICIES ARE NOT REQUIRED DISCLOSURES PURSUANT TO INTERNAL REVENUE CODE (IRC) SECTION 6104. THESE DOCUMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9 OTHER CHANGES IN NET ASSETS OR FUND BALANCES: CHANGE IN PERPETUAL TRUSTS HELD BY OTHERS 798,956 ACTUARIAL ADJUSTMENT OF SPLIT INTEREST AGREEMENTS (34,318) POSTRETIREMENT LIABILITY RELATED CHANGES OTHER THAN PERIODIC COSTS (50,738) BAD DEBT EXPENSES FOR PLEDGES (34,500) CHANGE IN FMV OF INTEREST RATE SWAP 37,416 TOTAL 716,816 CHARITABLE REMAINDER TRUSTS (1) 215 Fifth Street Marietta OH 45750 CHAR. REM. TR OH TRUST false BENEFICIAL INTEREST TRUST (9) 215 Fifth Street Marietta OH 45750 BENF. INT. TR OH TRUST false false false false false false false false false false false false false false false false false false false false