2016-03-04T13:00:10-06:00 2015-06-30 350921680 CROWE HORWATH LLP 330 E Jefferson Blvd PO Box 7 South Bend IN 466240007 990 2014-07-01 352158366 Goshen College Inc GOSH 5745357456 1700 South Main Street Goshen IN 46526 James L Histand VP for Finance 2016-03-04 true ERICA CHERRY P01320580 5742323992 2014 2016-08-17 19:52:53Z JAMES L HISTAND 1700 South Main Street Goshen IN 46526 55119404 false X www.goshen.edu X 1894 IN Goshen College, Inc. is a liberal arts college dedicated to the development of informed, articulate, sensitive, responsible Christians. 12 12 954 24 155368 -58072 6032657 6590027 28538464 27198792 1059228 -2466806 449547 496694 36079896 31818707 10570959 10553705 0 0 15696189 15315728 0 0 157754 13589076 13588364 39856224 39457797 -3776328 -7639090 185838915 180498602 38441061 37261706 147397854 143236896 Goshen College, Inc. is a liberal arts college dedicated to the development of informed, articulate, sensitive, responsible Christians. (Continued in Schedule O) false false 33085668 10553705 26806967 GOSHEN COLLEGE, INC., A LIBERAL-ARTS EDUCATIONAL CENTER FOR THE TRANSMISSION, ENRICHMENT, ENLARGEMENT AND EMBODIMENT OF THE ANABAPTIST-MENNONITE VISION OF THE CHURCH AS A COMMUNITY OF FAITH FOR THE WORK OF GOD IN THE WORLD, SEEKS TO DEVELOP INFORMED, ARTICULATE, SENSITIVE, RESPONSIBLE CHRISTIAN DISCIPLES. A MASTER'S-DEGREE-GRANTING AND BACHELOR'S-DEGREE-GRANTING INSTITUTION SPONSORED BY THE MENNONITE CHURCH, GOSHEN COLLEGE IS OPEN TO ALL STUDENTS INTERESTED IN AN EDUCATIONAL PROGRAM WHICH IS COMMITTED TO BIBLICAL FAITH AND PRACTICE AS REVEALED AND DEMONSTRATED BY JESUS CHRIST. AS A MINISTRY OF THE MENNONITE CHURCH, GOSHEN COLLEGE INTENDS TO ENRICH AND EXTEND THE LIFE OF THE CHURCH AND ITS MISSION IN THE WORLD BY TRANSMITTING AND EXPLORING CHRISTIAN FAITH AND DISCIPLESHIP; BY RELATING CHRISTIAN PERSPECTIVES AND VALUES TO LEARNING AND PROFESSIONAL LIFE; BY ENCOURAGING ACTIVE PARTICIPATION AND LEADERSHIP IN CONGREGATIONS; AND BY EXPANDING THE INFLUENCE OF SUCH IDEALS AS LOVE AND PEACE, JUSTICE AND ORDER, STEWARDSHIP AND BENEVOLENCE. (CONTINUED IN SCHEDULE O) 1391940 0 391825 THE RESOURCES OF LAND AND PEOPLE AT THE MERRY LEA ENVIRONMENTAL LEARNING CENTER OF GOSHEN COLLEGE (MERRY LEA) ARE DEDICATED TO: PROVIDING A NATURAL SANCTUARY FOR NORTHERN INDIANA'S PLANTS AND ANIMALS; PROVIDING ENVIRONMENTAL EDUCATION FOR PEOPLE OF ALL AGES; AND PROVIDING A SETTING FOR RE-CREATING OPPORTUNITIES THAT BENEFIT THE HUMAN BODY AND SPIRIT WHILE NOT EXPLOITING THE LAND OR EXCESSIVELY DISTURBING ITS ECOSYSTEMS. GOSHEN COLLEGE AT MERRY LEA IS COMMITTED TO THE DEVELOPMENT OF A MULTIFACETED ENVIRONMENTAL PROGRAM THAT TEACHES ABOUT CHRISTIAN STEWARDSHIP OF NATURAL AND HUMAN RESOURCES. (CONTINUED IN SCHEDULE O) 34477608 true true false true false false true false true true true false false true true true false true false true false false false true false false false true true true false false false false false false false false false false true true false false false true false false false true 1018 0 true 954 true true true false false false false true true false false false false X 12 12 false false false false false true false true true false false false true true true true true true true false IN X X JAMES L HISTAND 5745357456 1700 SOUTH MAIN STREET Goshen IN 46526 Conrad Clemens Chair 1.00 X X 0 0 0 Philip Bontrager Vice-Chair 1.00 X X 0 0 0 Felipe Hinojosa Secretary 1.00 X X 0 0 0 Calenthia Dowdy Director 1.00 X 0 0 0 Rose Gillin Director 1.00 X 0 0 0 Ken Hochstetler Director 1.00 X 0 0 0 Madeline Maldonado Director 1.00 X 0 0 0 Timothy Oyer Director 1.00 X 0 0 0 Faith Penner Director 1.00 X 0 0 0 John Powell Director 1.00 X 0 0 0 Bruce Stahly Director 1.00 X 0 0 0 Rick Stiffney Director 1.00 X 0 0 0 James Brenneman President 65.00 X X 155730 0 26775 James Histand VP for Finance 65.00 X X 120008 0 11880 Anita Stalter VP for Academic Affairs/Academic Dean 65.00 X 120180 0 12278 395918 0 50933 3 false true true AVI FRESH 2590 ELM RD NE WARREN OH 44483 FOOD SERVICES 1322628 ZEHR CONSTRUCTION INC 914 N 3RD ST GOSHEN IN 46528 CONSTRUCTION SERVICES 265006 MENNONITE EDUCATION AGENCY INC 63846 COUNTY ROAD 35 SUITE 1 GOSHEN IN 46528 CONSULTING & ADVISORY SERVICES 218022 3 X 14400 461854 6113773 552052 6590027 Tuition and Fees 611710 22136228 22136228 Auxiliary Enterprises 611710 4025830 4025830 Performing arts and music center 611710 531713 531713 Merry Lea Environmental Learning Center 611710 391825 391825 Educational Trips and Athletics 611710 112956 112956 240 240 0 0 27198792 214291 214291 14742 14742 93110 93110 0 93110 93110 20249064 364644 23289166 5639 -3040102 359005 -2681097 -2681097 4860 14400 5892 -1032 -1032 Rec-Fitness Center 713940 158252 155368 2884 Copiers, Printing, fees and fines 900099 43817 43817 5core Media 900099 34820 34820 152985 0 0 152985 389874 31818707 27198792 155368 -2125480 10553705 10553705 389693 389693 11596814 9695445 1882559 18810 578900 484772 94128 1842624 1655110 187514 907697 741702 165995 9705 228 9477 69150 69150 18 18 64630 64630 1628015 1298642 329373 0 314335 279632 34593 110 1751131 1383809 343215 24107 1067128 1054307 12821 785007 624116 144260 16631 88315 57456 30859 1005962 1005962 2687214 2212589 396647 77978 105800 64263 41537 Equipment & Maintenance 1507530 1082905 421790 2835 Merry Lea Learning Center 1391940 1391940 Entertainment Expenses 247754 105827 129629 12298 Books and Periodicals 279944 278062 1681 201 584786 507136 72866 4784 39457797 34477608 4822435 157754 5650 4045 3112019 5594180 8685 393758 195178 0 0 506964 592633 97764039 45439378 54500165 52324661 4809456 5096959 118872480 113107998 2327914 2246890 1301824 1336058 185838915 180498602 1587154 1300620 26705000 25430000 0 10148907 10531086 38441061 37261706 X 49785766 44742234 19745911 19021716 77866177 79472946 147397854 143236896 185838915 180498602 X -7639090 3634237 -156105 X false true X true true true X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false false false false false false false false true 18 18 false Schedule C, Part II-B, Line 1 DETAILED DESCRIPTION OF THE LOBBYING ACTIVITY The organization indirectly influenced legislation through its dues paid to the National Association of College and University Business Officers (NACUBO). The portion of dues paid that were used for specific lobbying purposes totaled $18 for the year ended June 30, 2015. Schedule C, Part II-B, Line 1 DETAILED DESCRIPTION OF THE LOBBYING ACTIVITY The organization indirectly influenced legislation through its dues paid to the National Association of College and University Business Officers (NACUBO). The portion of dues paid that were used for specific lobbying purposes totaled $18 for the year ended June 30, 2015. 0 0 X X X false 117507429 2291295 991980 3296407 7018743 110475554 102259585 1990104 17313690 2835169 1220781 117507429 94010655 1385990 8908883 2413952 -368009 102259585 99290676 1082006 -2816000 3546027 94010655 82970244 668073 18003290 2350931 99290676 0.2154 0.699 0.0856 true true true 1691542 1691542 84464286 35897706 48566580 2717276 1806957 910319 8713861 7734715 979146 177074 0 177074 52324661 Funds held by others and irrevocable trusts 31164455 CSV of Life Insurance 647436 MEA Growth Pool 81296107 113107998 Deposits 462152 Fair value of interest rate swaps 4285705 U.S. Government loan funds 2378432 Retirement plans and postretirement health care 2447672 Annuities payable 957125 10531086 X 24975797 3634237 -156105 3478132 21497665 10321042 10321042 31818707 29136755 0 0 29136755 10321042 10321042 39457797 Schedule D, Part III, Line 1a Collections of art - financial statement footnote The College follows a policy not to record or capitalize its collections of works of art, historical treasures and similar assets. Schedule D, Part III, Line 4 Collections of art - description of collections The College's collections are held for public exhibition, education and research in furtherance of the College's educational and public service mission. The collections are appropriately cared for and preserved and subject to a College policy that requires the proceeds from sales, if any, of collection items to be used to acquire other items for the collection and to annually report in the audited financial statements the recording of any items sold, destroyed or otherwise deaccessed during the year just completed and to report any new acquisitions. At June 30, 2015 and 2014, there were no significant reportable activities in collections. Schedule D, Part V, Line 4 Intended uses of endowment funds The College's endowment funds consist of donor-restricted endowment funds and funds designated by the board of directors to function as endowments, which are both held within the MEA growth pool, as well as funds held by others and irrevocable trusts for the benefit of the college. The purpose of the endowment funds is to facilitate donors' desires to support college programs over the long run. In doing so, the endowment fund will provide a secure, long-term source of funds to (i) ensure long-term growth; (ii) provide for intergenerational equity; (iii) provide a permanent resource for scholarship funding for students; and (iv) support the administrative expenses of the college as deemed appropriate. Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote The Internal Revenue Service has determined that the College is a tax exempt, not-for-profit organization as defined in Section 501(c)(3) of the Internal Revenue Code ("IRC"). As such, the College is generally not subject to federal or state income taxes except for certain income derived from unrelated business activities as defined by the IRC. Any such taxes resulting from unrelated business activities are insignificant to the operations of the College. U.S. GAAP prescribes recognition thresholds and measurement attributes for the financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return. Tax benefits will be recognized only if the tax position is more-likely-than-not sustained in a tax examination, with a tax examination being presumed to occur. The amount recognized will be the largest amount of tax benefit that is greater than 50% likely of being realized on examination. For tax positions not meeting the more-likely-than-not test, no tax benefit will be recorded. Management has concluded that they are unaware of any tax benefits or liabilities to be recognized at June 30, 2015 and 2014. The College is no longer subject to examination by the U.S federal taxing authorities for years before 2012 and for all state income taxes through 2012. The College does not expect the total amount of unrecognized tax benefits to significantly change in the next 12 months. The College would recognize interest and penalties related to unrecognized tax benefits in interest and income tax expense, respectively. The College has no amounts accrued for interest or penalties as of June 30, 2015 and 2014. Schedule D, Part XI, Line 2(d) Other revenues in audited financial statements not in form 990 Unrealized loss on interest rate swaps - -122772 Actuarial adjustments of annuities - -167539 Other actuarial adjustments - 134206 Schedule D, Part XI, Line 4(b) Other revenues in form 990 not in audited financial statements Scholarships and tuition discounts - 10326934 Fundraising event expenses - -5892 Schedule D, Part XII, Line 4(b) Other expenses in form 990 not in audited financial statements Scholarships and tuition discounts - 10326934 Fundraising event expenses - -5892 true true true true true true true false false false true false false false false true false true Schedule E, Part I, Line 3 RACIALLY NONDISCRIMINATORY POLICY The organization's nondiscriminatory policy is published in the student catalog, and is also included in all recruitment and application materials. Schedule E, Part I, Line 5(h) DISCRIMINATION BY RACE A donor may require that the scholarship donated by them be awarded to a minority. The college honors the donors' stipulations. Schedule E, Part I, Line 6(a) FINANCIAL AID OR ASSISTANCE FROM A GOVERNMENT The organization receives financial assistance from governmental agencies in the form of scholarship and grant funds for students' tuition and related expenses. Central America and the Caribbean 0 0 Program Services HIGHER EDUCATION STUDY ABROAD PROGRAMS 115833 East Asia and the Pacific 0 0 Program Services HIGHER EDUCATION STUDY ABROAD PROGRAMS 137870 Europe (Including Iceland and Greenland) 0 0 Program Services HIGHER EDUCATION STUDY ABROAD PROGRAMS 167485 South America 0 0 Program Services HIGHER EDUCATION STUDY ABROAD PROGRAMS 401054 0 0 0 0 0 0 822242 0 822242 false false false false false false Golf Outing 19260 14400 4860 1550 2734 1608 0 0 19260 14400 4860 1550 2734 1608 5892 -1032 true NEED-BASED SCHOLARSHIPS 453 1965202 0 n/a n/a MERIT-BASED SCHOLARSHIPS 385 8588502 0 n/a n/a Schedule I, Part I, Line 2 Description Of Procedure For Monitoring Use Of Grant Funds Grant funds and scholarships are credited directly to the students' accounts to ensure the appropriate use of funds. Schedule I, Part I, Line 2 Procedures for monitoring use of grant funds. Grant funds and scholarships are credited directly to the students' accounts to ensure the appropriate use of funds. X X true true X X false false false false false false false false false James Brenneman President 104513 0 0 0 51217 0 8271 0 18504 0 182505 0 0 0 Schedule J, Part I, Line 1a Housing allowance or residence for personal use The College's President is a Minister and is thus eligible for a Minister's Housing allowance. Each year the board of directors takes action to designate the housing allowance amounts for the President. The housing allowance is included in the President's Form W-2 as taxable compensation. Schedule J, Part I, Line 1a Health or social club dues or initiation fees The College provides for payment of social club dues for its President; the payments are only for business purposes, and therefore the amounts are not included in his Form W-2 as taxable compensation. A City of Goshen Indiana 356001045 2015-04-01 25430000 To refund prior bond issue (5/9/07) false false false A 0 0 25430000 0 0 0 0 0 0 0 25430000 0 2015 true false true true A false false true true false 0.0 0.0 0.0 false false false A false false true false true false 0.0 false false false A false Schedule K, Part IV, Line 2b Reason Form 8038-T Not Filed - Exception to Rebate All gross proceeds of the Refunding bonds were spent within 12 months of the date of issue as allowed by Section 1.148-7(c)(2) of the Regulations. Accordingly, the Refunding Portion of the bonds met the requirements of Section 1.148-7(c) of the Regulations for the Computation period, and the gross proceeds for purposes of the Six-Month Spending Exception are exempt from arbitrage rebate computations. Schedule K, Part IV, Line 7 Written procedures to monitor requirements of section 148 Although Goshen College has not established written procedures to monitor the requirements of section 148, the College has answered this question "no" in accordance with the IRS' instructions since the procedures did not apply to the bond issue during the 12-month period used to report on the bond issue (July 1, 2014 - June 30, 2015). The College annually reviews all outstanding bond compliance covenants, including tax exemption compliance requirements. In addition all compliance covenants are reviewed by independent external auditors as part of the annual independent audit procedures. Schedule K, Part III, Line 9 Written procedures to ensure all nonqualified bonds are remediated Although Goshen College has not established written procedures to ensure all nonqualified bonds (if any) are remediated according to regulations, the College has answered this question "no" in accordance with the IRS' instructions since the procedures did not apply to the bond issue during the 12-month period used to report on the bond issue (July 1, 2014 - June 30, 2015). The College annually reviews all outstanding bond compliance covenants, including tax exemption compliance requirements. In addition all compliance covenants are reviewed by independent external auditors as part of the annual independent audit procedures. Schedule K, Part III, Line 3a Management or service contracts The College's management/service contracts do not result in private business use, as they fall under the private business use exception for maintenance/service contracts. Schedule K, Part V Written procedures through VCAP Although Goshen College has not established written procedures to ensure that violations of federal tax requirements are timely identified and corrected through the voluntary closing agreement program, the College has answered this question "no" in accordance with the IRS' instructions since the procedures did not apply to the bond issue during the 12-month period used to report on the bond issue (July 1, 2014 - June 30, 2015). The College annually reviews all outstanding bond compliance covenants, including tax exemption compliance requirements. In addition all compliance covenants are reviewed by independent external auditors as part of the annual independent audit procedures. X 1 110 Market value X 1 2400 Opinions of experts X 1642 Market value X 10 529051 Market value X 1 8964 Market value X Equipment/Supplies 2 3040 Market value X Musical Instruments 1 4345 Market value X Meals/Catering 2 2500 Market value 0 false true false Schedule M, Part I Explanations of reporting method for number of contributions Art - Works of art: Number of contributions Art - Historical treasures: Number of contributions Books and publications: N/A Securities - Publicly traded: Number of contributions Scientific specimens: Number of contributions Other: Number of contributions Other: Number of contributions Other: Number of contributions Form 990, Part III, Line 1 ORGANIZATION'S MISSION (CONTINUED FROM PART III) AS A MINISTRY OF THE MENNONITE CHURCH, WE SEEK TO INTEGRATE CHRISTIAN VALUES WITH EDUCATIONAL, SOCIAL, AND PROFESSIONAL LIFE. AS A COMMUNITY OF FAITH AND LEARNING, WE STRIVE TO FOSTER PERSONAL, INTELLECTUAL, SPIRITUAL, AND SOCIAL GROWTH IN EVERY PERSON. WE VIEW EDUCATION AS A MORAL ACTIVITY THAT PRODUCES SERVANT-LEADERS FOR THE CHURCH AND THE WORLD. AT GOSHEN COLLEGE WE INTEND TO CREATE A COMMUNITY OF FAITH AND LEARNING BUILT ON FIVE CORE VALUES: CHRIST-CENTEREDNESS, PASSIONATE LEARNING, SERVANT LEADERSHIP, COMPASSIONATE PEACEMAKING AND GLOBAL CITIZENSHIP. IN OUR ACADEMIC PROGRAM AND CAMPUS LIFE STUDENTS WILL DEVELOP THE KNOWLEDGE, SKILLS AND VALUES FOR: A LIFE THAT IS CHRIST-CENTERED, WITH *A REFLECTIVE FAITH THAT NURTURES SPIRITUAL GROWTH IN INDIVIDUAL AND CORPORATE CONTEXTS *AN ACTIVE FAITH THAT INFORMS ALL LIFE'S CHOICES A LIFE OF PASSIONATE LEARNING, THROUGH *THE MASTERY OF A MAJOR FIELD OF STUDY AS THE BASIS FOR LIFE-LONG LEARNING, SERVICE, RELATIONSHIPS, AND WORK IN A SOCIALLY AND CULTURALLY DIVERSE CONTEXT *AN EXTENSIVE FOUNDATION OF KNOWLEDGE, SKILLS, PROCESSES AND METHODOLOGIES DERIVED FROM A LIBERAL ARTS CURRICULUM THAT ARE REQUIRED FOR SYSTEMATIC STUDY AND PROBLEM SOLVING A LIFE OF SERVANT LEADERSHIP, BASED ON *A LEADERSHIP ABILITY THAT EMPOWERS SELF AND OTHERS *A HEALTHY UNDERSTANDING OF SELF AND OTHERS THAT IS REFLECTED IN RELATIONSHIPS OF INTERDEPENDENCE AND MUTUAL ACCOUNTABILITY A LIFE OF COMPASSIONATE PEACEMAKING WITH *A PERSONAL INTEGRITY THAT FOSTERS THE ABILITY TO RESOLVE CONFLICT AND TO PROMOTE JUSTICE *A COMMITMENT TO DIVERSITY IN ALL OF ITS FORMS BOTH CONCEPTUALLY AND IN PRACTICE A LIFE OF GLOBAL CITIZENSHIP WITH *AN INTERCULTURAL OPENNESS WITH THE ABILITY TO FUNCTION EFFECTIVELY WITH PEOPLE OF OTHER WORLD VIEWS *A RESPONSIBLE UNDERSTANDING OF STEWARDSHIP FOR HUMAN SYSTEMS AND THE ENVIRONMENT IN A MULTICULTURAL WORLD. GOSHEN COLLEGE'S ACADEMIC PROGRAM IS INTEGRATED INTO ALL ASPECTS OF COLLEGE LIFE, CURRICULAR AND CO-CURRICULAR. WE ENCOURAGE STUDENTS TO LEARN AND GROW BEYOND THE PARAMETERS OF THEIR DISCIPLINE-BASED TRAINING, TO RECOGNIZE THE POWERFUL CONNECTION BETWEEN THE DISCIPLINES, AND BETWEEN THE EDUCATION OF THE MIND, BODY AND SPIRIT. Form 990, Part III, Line 4a PROGRAM SERVICE ACCOMPLISHMENTS (CONTINUED FROM PART III, LINE 4A) AS A LIBERAL-ARTS COLLEGE, GOSHEN STRIVES TO BE A COMMUNITY OF EDUCATORS AND STUDENTS PROVIDING A LEARNING ENVIRONMENT WHICH: -- FOSTERS PERSONAL, SOCIAL, INTELLECTUAL AND SPIRITUAL GROWTH; -- NURTURES THOSE SKILLS, PROCESSES, DISCIPLINES AND METHODOLOGIES REQUIRED FOR SYSTEMATIC STUDY AND PROBLEM SOLVING; -- PROVIDES SUFFICIENT KNOWLEDGE IN ONE SUBJECT AREA AS A BASE FOR ADVANCED TRAINING OR PROFESSIONAL WORK; -- DEVELOPS AN APPRECIATION FOR AND CRITICAL UNDERSTANDING OF HUMAN EXPERIENCE AND CULTURAL VARIETY; AND -- BUILDS CONFIDENCE, ACCEPTANCE AND IDENTITY NECESSARY FOR PURPOSEFUL LIVING IN CHURCH AND SOCIETY. AS A CENTER OF CONTINUING STUDY AND RESEARCH ON ISSUES OF IMPORTANCE TO THE CHURCH AND LARGER SOCIETY AND AS A CENTER FOR CONTINUING EDUCATION AND PUBLIC SERVICE, GOSHEN COLLEGE EXPECTS TO ASSIST MENNONITE CONGREGATIONS AND AGENCIES AND THE COMMUNITY OF ELKHART AND SURROUNDING COUNTIES THROUGH THE INCREASE AND DISSEMINATION OF KNOWLEDGE IN RESEARCH, WRITING AND PUBLICATIONS, BY PROVIDING LIFE-LONG EDUCATIONAL AND CULTURAL ACTIVITIES, AND BY ENCOURAGING EXPANDED AWARENESS AND MORE RESPONSIBLE SERVICE IN THE WORLD. DURING THE 2014-2015 ACADEMIC YEAR, THE ORGANIZATION HAD A FULL-TIME EQUIVALENT OF 739.8 UNDERGRADUATE AND 44.6 GRADUATE STUDENTS FROM MORE THAN 31 STATES AND 24 COUNTRIES. GOSHEN COLLEGE OFFERS STUDENTS 40 MAJORS AND 47 MINORS, AS WELL AS RIGOROUS PRE-PROFESSIONAL AND GRADUATE PROGRAMS. THE COLLEGE'S STUDENT-TO-FACULTY RATIO IS 10:1 AND 93 PERCENT OF CLASSES HAVE FEWER THAN 30 STUDENTS. GOSHEN COLLEGE IS ALSO HOME TO ONE OF THE TOP-RANKED STUDY ABROAD PROGRAMS IN THE COUNTRY, AND ONE OF THE FEW THAT EMPHASIZES SERVICE AND COMPLETE CULTURAL IMMERSION. APPROXIMATELY 83 PERCENT OF STUDENTS STUDY ABROAD BEFORE GRADUATING. APPROXIMATELY 99 PERCENT OF FULL-TIME, TRADITIONAL GOSHEN COLLEGE STUDENTS RECEIVE SOME FORM OF FINANCIAL AID, AND THE AVERAGE PACKAGE OF SCHOLARSHIPS, GRANTS AND LOANS TOTALS $27,140. Form 990, Part III, Line 4b PROGRAM SERVICE ACCOMPLISHMENTS (CONTINUED FROM PART III, LINE 4B) THOSE ASSOCIATED WITH THE CARE, MANAGEMENT, AND OWNERSHIP OF MERRY LEA RECOGNIZE THAT WE ARE ACCOUNTABLE TO GOD FOR OUR STEWARDSHIP OF RESOURCES IN THE SAME WAY WE ARE ACCOUNTABLE FOR OTHER ASPECTS OF OUR LIVES. WE RECOGNIZE WORLD ENVIRONMENTAL ISSUES AND THEIR RELATIONSHIP TO ISSUES OF JUSTICE IN OUR NEIGHBORHOOD, REGION, OR COUNTRY. WE CHOOSE TO ADDRESS THE ISSUES OF NATIONAL AND INTERNATIONAL SCALE BY CONCENTRATING ON THE EDUCATION AND MOTIVATION OF THOSE WHO VISIT US. WE WILL NOT BE ADVERSARIAL IN OUR APPROACHES TO OTHERS, BUT VISITORS WILL BE INVITED TO MAKE APPROPRIATE CHANGES IN THEIR LIVES. OUR FOCUS AT MERRY LEA IS TO LOOK AFTER THE HEALTH OF MERRY LEA'S ECOSYSTEMS, THE QUALITY OF HER EDUCATIONAL PROGRAMS, AND THE RESTORATIVE PROPERTIES OF RECREATIONAL EXPERIENCES. AS WE ATTEND TO THE QUALITY OF OUR SERVICES AND THE EFFICIENCY WITH WHICH WE DELIVER THEM, WE WILL ALSO EFFECTIVELY TEACH STEWARDSHIP OF OUR EARTH. WE WILL DEVELOP AN APPROPRIATE PHYSICAL PLANT, MAINTAIN A VIGOROUS EDUCATIONAL PROGRAM, AND DEVELOP BROAD-BASED, CONTINUING FINANCIAL SUPPORT TO CARRY OUT THIS MISSION. Form 990, Part VI, Line 7a Members or stockholders electing members of governing body Mennonite Education Agency, Inc., a related organization, has the power to appoint 75% of Goshen College's board of directors. Form 990, Part VI, Line 11b Review of form 990 by governing body The Form 990 is reviewed in detail by both the organization's VP for Finance and Controller. A final draft of the Form 990, excluding Schedule B, is presented to the organization's finance committee. A final copy of the Form 990, excluding Schedule B, is then provided to each board member for their review prior to filing the Form with the IRS. Form 990, Part VI, Line 12c Conflict of interest policy Annual disclosure is provided to each officer and board member. Each person completes an annual conflict of interest questionnaire. Once the questionnaires are completed, the President and Board Chair review the responses and determines whether or not there are any potential conflicts of interest. If there is a potential conflict of interest, the President and Board Chair review the corresponding issue and determine if there is an actual conflict of interest. If an actual conflict of interest is determined to exist, that person is excluded from any discussions concerning the conflicting issue and is not permitted to vote on any decisions regarding the conflicting issue. Any purchases and/or bidding proposals are also reviewed for any potential conflicts of interest prior to submitting bids or making purchases. Form 990, Part VI, Line 15a Process to establish compensation of top management official The process for determining the compensation of the organization's CEO and VP of Finance includes a review and approval by the Executive Committee of the board of directors, which consists of independent persons. The Executive Committee uses comparative data from a benchmark set of institutions developed by the College and University Professional Association for Human Resources (CUPA-HR) to determine the amount of compensation. This process is documented in the Executive Committee meeting minutes and was last undertaken in February 2015 for compensation changes effective July 2015. Form 990, Part VI, Line 15b Process to establish compensation of other employees See narrative for Form 990, Part VI, Section B, Line 15a. Form 990, Part VI, Line 19 Required documents available to the public The organization's financial statements are posted on the VP of Finance's website (www.goshen.edu/finance). Governing documents and conflict of interest policies are not required disclosures pursuant to Internal Revenue Code (IRC) Section 6104. These documents are not available to the public at this time. Form 990, Part VIII, Line 2f Other Program Service Revenue Other - Total Revenue: 240, Related or Exempt Function Revenue: 240, Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: ; Form 990, Part VIII, Line 11d Other Miscellaneous Revenue Other - Total Revenue: 152985, Related or Exempt Function Revenue: , Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: 152985; Form 990, Part XI, Line 9 Other changes in net assets or fund balances Unrealized loss on interest rate swap - -122772; Actuarial adjustment of annuities - -167539; Other actuarial adjustments - 134206; MENNONITE EDUCATION AGENCY INC 3145 Benham Ave Ste 2 Elkhart IN 465171970 352154781 EDUCATION IN 501(c)(3 7 NA false CHARITABLE REMAINDER TRUSTS (7) TRUST IN NA Trust false false false true false false false false false false false false false true false false false true false false