2025-05-14T14:23:52+00:00 2024-06-30 440160260 Forvis Mazars LLP 820 Massachusetts Ave Suite 1370 Indianapolis IN 46204 990 2023-07-01 314379584 Marietta College MARI 7403764720 215 Fifth Street Marietta OH 45750 Sarah Mouch CFO 7403764720 2025-05-14 true true Nicole Fishback P01279475 3173834000 2025-05-15 2023 2025-03-06 01:10:19Z Sarah Mouch 215 Fifth Street Marietta OH 45750 80682344 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 22 955 22 0 0 14569985 6473922 53534662 54755453 2397634 4669887 0 0 70502281 65899262 26759637 26397030 0 0 27166401 26636219 0 0 1428408 23986531 23953077 77912569 76986326 -7410288 -11087064 196984188 188372005 46361075 45735042 150623113 142636963 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 62497653 26397030 54755453 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 2023-2024 ACADEMIC YEAR WAS 1,171 STUDENTS. 62497653 true true 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 200 0 true 955 true true true false false false false false false false false 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 Margaret Drugovich President 40.0 0.0 X X 200931 0 16016 Andrew Ferguson Trustee 1.0 0.0 X 0 0 0 Brian Brucken Trustee 1.0 0.0 X 0 0 0 Clyde Wooten Trustee 1.0 0.0 X 0 0 0 Danielle Cisler Trustee 1.0 0.0 X 0 0 0 David Hill Trustee 1.0 0.0 X 0 0 0 Diann Krivchenia Trustee 1.0 0.0 X 0 0 0 Fred Bentley Trustee 1.0 0.0 X 0 0 0 George Fenton Trustee 1.0 0.0 X 0 0 0 James Fryfogle Trustee 1.0 0.0 X 0 0 0 James Wilson Trustee 1.0 0.0 X 0 0 0 Janice Donoghue Trustee 1.0 0.0 X 0 0 0 John Hopkins Trustee 1.0 0.0 X 0 0 0 Kathryn Bailey Trustee 1.0 0.0 X 0 0 0 Kevin O'Neill Trustee 1.0 0.0 X 0 0 0 Marc Ponchione Trustee 1.0 0.0 X 0 0 0 Mary Korn Trustee 1.0 0.0 X 0 0 0 Matthew Weekley Trustee 1.0 0.0 X 0 0 0 Michael Moffitt Trustee 1.0 0.0 X 0 0 0 Rob Goldsmith Trustee 1.0 0.0 X 0 0 0 Robert Brucken Trustee 1.0 0.0 X 0 0 0 Rochelle Goodwin Trustee 1.0 0.0 X 0 0 0 Stephanie Peloquin Trustee 1.0 0.0 X 0 0 0 Douglas Ankrom Assistant Treasurer 40.0 0.0 X 74986 0 12059 Jeffrey Welch END 103123 Treasurer and Vice President, Finance and Administration 40.0 0.0 X 161503 0 0 Kathleen Dougherty Provost and Dean of the Faculty 40.0 0.0 X 120319 0 6881 Mark Miller Secretary / Professor / Associate Provost 40.0 0.0 X 107136 0 22694 Christina Gierhart Director of Physician Assistant Program 40.0 0.0 X 157791 0 22694 John Grosel Professor 40.0 0.0 X 126332 0 16349 Jonathan Vanderwal Head Coach / Athletic Director 40.0 0.0 X 128107 0 21139 Joshua Jacobs Vice President of Advancement 40.0 0.0 X 184987 0 0 Richard Danford Vice President for Student Life 40.0 0.0 X 127576 0 14836 William Ruud President (END 6/30/23) 40.0 0.0 X 426821 0 4709 1816489 0 137377 24 false true false Eat'n Park Hospitality Group Suite 200 Homestead PA 15120 Food Service 3345151 EAB Richmond Richmond VA 23228 Contract Services 906796 Pioneer Trails Inc Millersburg Millersburg OH 44654 Contract Services 296222 Ellucian Company LP Malvern Malvern PA 19355 Technology Services 237718 A Book Company LLC 28312 Network Place Chicago IL 60673 Contract Services 221404 21 805282 5668640 192618 6473922 Tuition 611600 42077689 42077689 Auxiliary Services 611710 11645659 11645659 Educational Services 611710 1032105 1032105 0 0 0 0 54755453 2781952 2781952 0 0 16671017 14783082 1887935 0 1887935 1887935 0 0 0 0 0 65899262 54755453 0 4669887 0 0 26397030 26397030 0 0 0 0 722525 0 722525 0 5083 5083 0 20243413 16247608 2964882 1030923 0 0 0 0 4198934 2546070 1544582 108282 1466264 1129858 273335 63071 0 0 0 0 107394 0 107394 0 153129 0 153129 0 0 0 0 0 0 0 367040 0 367040 0 3358665 3249205 100261 9199 0 0 0 0 7986013 5715188 2119167 151658 185438 20817 164621 0 0 0 0 0 2586653 124412 2462241 0 575271 539536 3365 32370 0 0 0 0 0 0 0 0 1851924 0 1851924 0 0 0 0 0 5062300 4808679 220716 32905 0 0 0 0 Other Expenses 1719250 1719250 0 0 0 0 76986326 62497653 13060265 1428408 7374459 3841704 15091 7444 9584946 3324434 288914 677184 0 0 0 0 283212 194108 163091 193948 166489422 97688946 73773918 68800476 62376119 66972736 21780891 21590281 0 21343547 22769690 196984188 188372005 5055871 3585071 1401457 1569441 28230165 22462619 0 0 10471210 17176305 1202372 941606 46361075 45735042 X 33197599 32238359 117425514 110398604 150623113 142636963 196984188 188372005 X -11087064 7797239 -4696325 X false true X true true true X 10747486 13853464 14000639 14569985 6473922 59645496 0 0 10747486 13853464 14000639 14569985 6473922 59645496 2361912 57283584 2715914 2616559 2103883 2595657 2781952 12813965 0 0 0 0 0 0 0 72459461 268541720 0.7906 0.7844 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 89195688 -54655 10841477 3478731 4425673 355763 91722343 87959651 1616139 8108640 1662483 6599709 226550 89195688 105582107 4304089 -19515771 1895080 26436 489258 87959651 85460235 1640127 20499036 1687208 11865 318218 105582107 88469294 2186978 1824503 1621986 5041900 356654 85460235 0.068 0.849 0.083 false false 3909810 3909810 126577886 68164186 58413700 9967087 5799997 4167090 21822941 20347081 1475860 4211698 3377682 834016 68800476 Hedge Funds of Funds 5309562 F Private Equity Funds 16280719 F 21590281 Rem. Int. in Life Income Tax 838910 Ben. Int. in Perpetual Trust 21930780 22769690 Agency Funds Held for Others 139353 Annuities Payable 427710 US Government Refundable Advances 152787 Accrued Post Retirement Liability 221756 941606 X 46954143 7797239 0 0 0 7797239 39156904 367040 26375318 26742358 65899262 48870081 0 0 0 0 0 48870081 367040 27749205 28116245 76986326 Schedule D, Part III, Line 4 Collections 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 endowment 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 FIN 48 (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 4(b) Other revenues in form 990 not in audited financial statements Student Financial Aid - 27749205 Change in Perpetual Trusts Held by Others - -1348396 Actuarial Adjustment of Split Interest Agreements - 102348 Post Retirement Liability Related Changes other than Periodic Costs - -127839 Schedule D, Part XII, Line 4(b) Other expenses in form 990 not in audited financial statements Student Financial Aid - 27749205 true true true true true true true false false false false false false false false true false true Schedule E, Part I, Line 3 RACIALLY NONDISCRIMINATORY 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 6(a) FINANCIAL AID OR ASSISTANCE FROM A GOVERNMENT 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. Europe (Including Iceland and Greenland) 0 0 Investments 6082647 East Asia and the Pacific 0 0 Investments 5124650 South America 0 0 Investments 754633 Middle East and North Africa 0 0 Investments 565975 South Asia 0 0 Investments 943292 0 0 0 0 0 0 13471197 0 13471197 true false true true true false Schedule F, Part I, Line 3 Method used to account for expenditures on org's financial statements EAST ASIA AND THE PACIFIC-Accrual; EUROPE (INCLUDING ICELAND AND GREENLAND)-Accrual; MIDDLE EAST AND NORTH AFRICA-Accrual; SOUTH AMERICA-Accrual; SOUTH ASIA-Accrual true Marietta College Grants 668 18944573 Marietta College Scholarships 871 4910954 Gift Endowed Scholarships 282 1872524 Gift Supported Scholarships 16 117603 Trustee's Scholarship 10 551376 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 true true false false false false false true true true William Ruud President (END 6/30/23) 245389 0 0 0 181432 0 0 0 4709 0 431530 0 90000 0 Margaret Drugovich President 198105 0 0 0 2826 0 0 0 16016 0 216947 0 0 0 Jeffrey Welch END 103123 Treasurer and Vice President, Finance and Administration 158380 0 0 0 3123 0 0 0 0 0 161503 0 0 0 Joshua Jacobs Vice President of Advancement 184071 0 0 0 916 0 0 0 0 0 184987 0 0 0 Christina Gierhart Director of Physician Assistant Program 157037 0 0 0 754 0 0 0 22694 0 180485 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 4a Severance or change-of-control payment SEE SCHEDULE O Schedule J, Part I, Line 4b Supplemental nonqualified retirement plan SECTION 457(F) SUPPLEMENTAL RETIREMENT PLAN PAYMENTS MADE BY ORGANIZATION: WILLIAM RUUD: DISTRIBUTION - $90,000 Schedule J, Part I, Line 7 Non-fixed 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 I, Line 8 Payments on contract that is subject to the initial contract exception Margaret Drugovich is subject to an initial contract exception as of July 1, 2023. A Southeastern Ohio Port Authority 820585565 2020-10-01 33500000 Currently Refund Bond Issues false false false A 15727004 0 33500000 0 0 0 0 0 0 0 33500000 0 2020 true false true true A false false false 0.0 0.0 0.0 false false true A false true true false true true Peoples Bank 10.0 false true false false true A true Schedule K, Part IV, Line 4a Arbitrage SWAP RELATES TO $11,000,000 IN PRINCIPAL AMOUNT OF REFERENCED BOND ISSUE. Heather Miller Wife of Board Secretary 5083 Compensation false Sarah Jacobs Wife of Joshua Jacobs 51133 Compensation false X 20 168072 Other - Stock Quote X Misc Personal Property 11 24546 Cost false true false Schedule M, Part I Col 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, Line 2 Family/business relationships amongst interested persons Andrew Ferguson and Stephanie Peloquin - Business relationship, Brian Brucken and Robert Brucken - Family relationship Form 990, Part VI, 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 THE 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, 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, Line 15a Process to establish compensation of top management official 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 2023. Form 990, Part VI, Line 15b Process to establish compensation of other 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 2023. Form 990, Part VI, 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 - 1348396; Actuarial adjustment of split interest agreements - -102348; Postretirement liability related changes other than periodic costs - 127839; Bad debt expenses for pledges - -6070212; Schedule J, Part I, Line 4a Compensation paid to an employee subject to confidentiality agreement: During the tax year, compensation was paid to an employee subject to a confidentiality agreement. The information required to be disclosed in Form 990 Schedule J is as follows: DURING THE YEAR, THE EMPLOYEE RECEIVED SEVERANCE PAY OF $87,498. Charitable Remainder Trusts (1) 215 Fifth Street Marietta OH 45750 Charitable Remainder Trust OH NA Trust false Beneficial Interest Trust (9) 215 Fifth Street Marietta OH 45750 Beneficial Interest Trust OH NA Trust false false false false false false false false false false false false false false false false false false false false