2014-05-14T16:52:26-05:00 2013-06-30 CROWE HORWATH LLP 10 West Broad Street Suite 1700 Columbus OH 432153713 990 2012-07-01 314379584 MARIETTA COLLEGE MARI 7403764724 215 Fifth Street Marietta OH 45750 DANIEL C BRYANT 2014-05-13 true Rachel Spurlock P00520729 6144690001 2012 2015-11-30 17:44:51Z DANIEL C BRYANT 215 Fifth Street Marietta OH 45750 96873523 false X WWW.MARIETTA.EDU X 1835 OH MARIETTA COLLEGE PROVIDES A STRONG FOUNDATION FOR A LIFETIME OF LEADERSHIP, CRITICAL THINKING, AND PROBLEM SOLVING. INTELLECTUAL AND CREATIVE EXCELLENCE DEFINES THE MARIETTA EXPERIENCE. 33 32 1341 33 0 0 6919586 6590768 56171517 58498826 1084114 4255211 8505 8570 64183722 69353375 19231431 20315664 0 0 24048149 25010825 0 0 1346388 19313112 20118678 62592692 65445167 1591030 3908208 198678542 203425068 59526522 54335031 139152020 149090037 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 60383578 20315664 58498826 CHARTERED IN 1835, MARIETTA COLLEGE 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 40 STATES AND 15 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. 60383578 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 true false true false true true false false false true false false false false true 2165 0 true 1341 true false false false false false false false false false false X 33 32 true false false false false false false true true false false true true true true true true true true false X DANIEL C BRYANT 7403764718 215 FIFTH STREET Marietta OH 45750 BARBARA A PERRY FITZGERALD 1.00 X X 0 0 0 CYNTHIA REECE 1.00 X X 0 0 0 JOESPH W BRUNO 40.00 X X 123676 0 26966 ANNA BOWSER BAILEY 1.00 X 0 0 0 BRENT MCCURDY 1.00 X 0 0 0 CATHY A PERCIVAL 1.00 X 0 0 0 CHARLES SULERZYSKI 1.00 X 0 0 0 CHRISTOPHER CORTEZ 1.00 X 0 0 0 DALE WARTLUFT 1.00 X 0 0 0 DONALD RITTER 1.00 X 0 0 0 DONALD STRICKLAND 1.00 X 0 0 0 EDGAR L SMITH JR 1.00 X 0 0 0 FRANK SCHOSSLER 1.00 X 0 0 0 GEORGE FENTON 1.00 X 0 0 0 JAMES TRACY 1.00 X 0 0 0 JO ELLEN DIEHL YEARY 1.00 X 0 0 0 JOHN LANGEL 1.00 X 0 0 0 JOHN R MURPHY 1.00 X 0 0 0 JOSEPH CHLAPATY 1.00 X 0 0 0 KATHLEEN MARIE MITCHELL MURPHY 1.00 X 0 0 0 LEONARD M RANDOLPH JR 1.00 X 0 0 0 MARILYN MOON 1.00 X 0 0 0 MATTHEW J MACATOL 1.00 X 0 0 0 MICHAEL J SALVINO 1.00 X 0 0 0 NANCY PUTNAM HOLLISTER 1.00 X 0 0 0 PATRICIA GRIFFIN CURTIN 1.00 X 0 0 0 PATRICIA KRAL ZECCHI 1.00 X 0 0 0 PATRICIA LORENO WILLIS 1.00 X 0 0 0 ROBERT BRUCKEN 1.00 X 0 0 0 ROGER D ANDERSON 1.00 X 0 0 0 RONALD RINARD 1.00 X 0 0 0 T GRANT CALLERY 1.00 X 0 0 0 TONI ROBINSON-SMITH 1.00 X 0 0 0 DANIEL BRYANT 40.00 X 167586 0 13229 H DANIEL HUNGERFORD 40.00 X 87640 0 43833 WILLIAM DONNELLY 1.00 X 0 0 0 DAVID RHODES 40.00 X 115668 0 38840 GAMALIEL PERRUCI 40.00 X 145072 0 31729 GLORIA STEWART 40.00 X 135602 0 18215 ROBERT CHASE 40.00 X 136631 0 18651 ROBERT PASTOOR 40.00 X 125078 0 27369 1036953 0 218832 9 false true false MILES MCCLELLAN - HAGERMAN INC PO BOX 11848 FORT WAYNE IN 468511848 CONSTRUCTION 10896578 PARKHURST DINING SERVICES 316 WASHINGTON AVE WHELLING WV 26003 FOOD SERVICES 1342522 CHARTWELLS DINING SERVICES PO BOX 91337 CHICAGO IL 606931337 FOOD SERVICES 1331678 BUTLER WOODCRAFTERS 413-A BRANCHWAY ROAD RICHMOND VA 23236 CONSTRUCTION 705369 CONTRACT SOURCE 1440 ROCKSIDE ROAD CLEVELAND OH 44134 CONSTRUCTION 311816 12 1401372 5189396 214097 6590768 TUITION 611600 46510595 46510595 AUXILIARY SERVICES 611710 11022206 11022206 EDUCATIONAL SERVICES 611710 912852 912852 STUDENT LOAN INTEREST 900099 53173 53173 0 0 0 0 0 58498826 1403780 1403780 0 0 0 0 0 23298318 7073261 20408877 7111271 2889441 -38010 2851431 2851431 0 8570 8570 8570 0 0 0 0 0 0 0 0 0 69353375 58498826 0 4263781 0 20315664 20315664 0 0 641579 641579 19694 19694 17885569 16401450 668047 816072 1177499 1064147 56022 57330 4054378 3792691 157915 103772 1232106 1095320 79088 57698 0 83136 83136 86187 86187 0 0 531864 531864 2684840 2455421 229244 175 18911 18911 2707164 2480980 167895 58289 902133 890933 11200 0 1743245 1737518 5727 890503 753197 79931 57375 0 0 1630021 1499619 81501 48901 0 4117146 3787775 205857 123514 492965 279404 213561 EQUIPMENT REPAIRS & MAINT. 2190369 1985845 204524 STUDIES ABROAD 309506 309506 STUDENT ACTIVITIES 309931 309931 ALUMNI EVENTS 282405 280797 1608 1138352 904775 221515 12062 65445167 60383578 3715201 1346388 0 8468218 8288960 8187303 9728239 3528572 2132386 2177661 934389 0 0 2339871 2348716 78453 96829 141346461 47341890 91893171 94004571 30922559 40809944 26957770 25549819 0 0 24124964 19531215 198678542 203425068 4242279 2876749 3421199 2501165 42840000 41328135 0 2200000 1650000 6823044 5978982 59526522 54335031 X 58065310 59380485 14979937 19381882 66106773 70327670 139152020 149090037 198678542 203425068 X 3908208 4509875 1519934 X false true X true true true X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 26085 0 X X X false 61820875 3219238 7741764 1531572 2051922 506773 68691610 63249761 1562965 -595480 1606702 404469 385200 61820875 56616451 756958 9158193 1624859 1300650 356332 63249761 52957481 2256374 4846880 1690928 1309702 443654 56616451 67153918 2495516 -13073534 1816945 1437458 364016 52957481 0.06090 0.78810 0.15100 false false 3784810 3784810 113980879 33784347 80196532 3216561 2029675 1186886 16242632 9523936 6718696 4121579 2003932 2117647 94004571 0 0 PRIVATE EQUITY FUNDS 7487991 F HEDGE FUNDS 15701350 F REAL ESTATE FUNDS 2360478 F 25549819 REMAINDER INTEREST IN LIFE INCOME 1843980 BENEFICIAL INTEREST IN PERPETUAL TRUST 15601337 PREPAID BOND COSTS 603946 BOND PROCEEDS RESTRICTED FOR BUILDINGS & EQUIPMENT 1481952 19531215 0 AGENCY FUNDS HELD FOR OTHER 35290 ACCRUED POST RETIREMENT LIABILITY 574949 US GOVERNMENT REFUNDABLE ADVANCES 2190770 INTEREST RATE SWAP 1512164 ANNUITIES PAYABLE 609925 CAPITAL LEASE OBLIGATIONS 1055884 5978982 X 56275007 4509875 2247605 6757480 49517527 531864 19303984 19835848 69353375 46336990 727671 0 727671 45609319 531864 19303984 19835848 65445167 Collections of art - description of collections Schedule D, Part III, Line 4 THESE COLLECTIONS FURTHER THE ORGANIZATION'S EXEMPT PURPOSE OF PROVIDING AND MAINTAINING EXCELLENT UNDERGRADUATE AND GRADUATE ACADEMIC PROGRAMS, BY ENHANCING SCHOLARLY RESEARCH AND PROVIDING FOR FUTURE GENERATIONS. Intended uses of endowment funds Schedule D, Part V, Line 4 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. FIN 48 (ASC 740) footnote Schedule D, Part X, Line 2 ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA ("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 A 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 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, 2013 OR 2012, RESPECTIVELY. 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 FOR THE YEAR ENDED JUNE 30, 2013 OR 2012, RESPECTIVELY. THE COLLEGE IS NO LONGER SUBJECT TO EXAMINATION BY TAXING AUTHORITIES FOR YEARS BEFORE 2010. THE COLLEGE DOES NOT EXPECT THE TOTAL AMOUNT OF UNRECOGNIZED TAX BENEFITS TO SIGNIFICANTLY CHANGE IN THE NEXT 12 MONTHS. Other revenues in audited financial statements not in form 990 Schedule D, Part XI, Line 2d CHANGE IN PERPETUAL TRUSTS - 1009908; FMV INTEREST RATE SWAP ADJUSTMENT - 647831; ACTUARIAL ADJUSTMENT OF SPLIT INTEREST AGREEMENTS - -76468; POST RETIREMENT LIABILITY ADJUSTMENT - 666334; Other revenues in form 990 not in audited financial statements Schedule D, Part XI, Line 4b FINANCIAL AID DISCOUNT - 19303984; Other expenses in form 990 not in audited financial statements Schedule D, Part XII, Line 4b FINANCIAL AID DISCOUNT - 19303984; true true true true true true true false false false false false false false false true false true Racially nondiscriminatory policy Schedule E, Part I, Line 3 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, COLOR, NATIONAL OR ETHNIC ORIGIN, 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 ETHNIC 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. Financial aid or assistance from a governmental agency Schedule E, Part I, Line 6a MARIETTA COLLEGE RECEIVES 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, PERKINS, 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. EAST ASIA AND THE PACIFIC 1 2 PROGRAM SERVICES INTERNATIONAL ADMISSIONS 114661 CENTRAL AMERICA AND THE CARIBBEAN INVESTMENTS PASSIVE INVESTMENTS 25550000 1 2 25664661 true false true false false false Method used to account for expenditures on organization's financial statements Schedule F, Part I, Line 3 CENTRAL AMERICA AND THE CARIBBEAN: ACCRUAL EAST ASIA AND THE PACIFIC: ACCRUAL Method used to account for expenditures on organization's financial statements Schedule F, Part I, Line 3 CENTRAL AMERICA AND THE CARIBBEAN: ACCRUAL EAST ASIA AND THE PACIFIC: ACCRUAL true MARIETTA COLLEGE GRANTS 969 8736032 MARIETTA COLLEGE SCHOLARSHIPS 912 9429818 GIFT ENDOWED SCHOLARSHIPS 388 1558039 GIFT SUPPORTED SCHOLARSHIPS 50 128882 PRIZES & AWARDS 11 20657 FEDERAL AID (SMART, ACG, CWSP, TEACH, PELL, SEOG) 1206 442236 Procedures for monitoring use of grant funds Schedule I, Part I, Line 2 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 false false false false false false false false false DANIEL BRYANT 166200 0 0 0 1386 0 13229 0 0 0 180815 0 0 0 DAVID RHODES 105155 0 0 0 10513 0 9519 0 29321 0 154508 0 0 0 ROBERT CHASE 135673 0 0 0 958 0 10790 0 7861 0 155282 0 0 0 GLORIA STEWART 134469 0 0 0 1133 0 10934 0 7281 0 153817 0 0 0 GAMALIEL PERRUCI 144896 0 0 0 176 0 12098 0 19631 0 176801 0 0 0 JOESPH W BRUNO 123676 0 0 0 0 0 8333 0 18633 0 150642 0 0 0 ROBERT PASTOOR 124423 0 0 0 655 0 10238 0 17131 0 152447 0 0 0 Housing allowance or residence for personal use Schedule J, Part I, Line 1a 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. A OHIO HIGHER EDUCATIONAL FACILITY COMMISSION 346849674 67756BUB4 2007-04-26 10935000 DESIGN & CONSTRUCTION OF BUILDING false false false B OHIO HIGHER EDUCATIONAL FACILITY COMMISSION 346849674 67756BNM8 2004-12-02 24980000 RENOVATION & REFINANCING (REFUNDED BONDS WERE 12/12/97, 6/10/99, 5/9/02 AND 6/5/03) false false false C OHIO HIGHER EDUCATIONAL FACILITY COMMISSION 346849674 2011-05-25 24500000 DORMITORY CONSTRUCTION false false false A 5085000 0 11355844 0 0 0 187419 56628 0 11111797 0 0 2008 false false true true B 13870000 0 25046744 0 0 0 297665 175449 0 4066641 20506989 0 2005 true false true true C 131865 0 24512009 0 0 0 300000 0 0 17013516 5714586 1483907 2012 false false false true A false false false false false false 0.00000 0.00000 0.00000 false false 0 false false B false false false false false false 0.00000 0.00000 0.00000 false false 0 false false C false false false false false false 0.00000 0.00000 0.00000 false false 0 false false A true false false false true false 0.0 false false false 0.0 false false false B true false false false true false 0.0 false false false 0.0 false false false C false true false false true false 0.0 false false false 0.0 false false false A false B false C false INVESTMENT EARNINGS - 2007 BOND SCHEDULE K, PART II, LINE 3 THE DIFFERENCE BETWEEN PART II LINE 3A AND PART I(E)A OF $320,844 IS DUE TO INTEREST EARNINGS. INTEREST EARNINGS - 2004 BOND SCHEDULE K, PART II, LINE 3 THE DIFFERENCE BETWEEN PART II LINE 3B AND PART I(E)B OF $66,744 IS DUE TO INTEREST EARNINGS. INTEREST EARNINGS - 2011 BOND SCHEDULE K, PART II, LINE 3 THE DIFFERENCE BETWEEN PART II LINE 3C AND PART I(E)C OF $12,009 IS DUE TO INTEREST EARNINGS. ESTABLISHMENT OF WRITTEN PROCEDURES SCHEDULE K, PART III, LINE 9 THE ORGANIZATION IS IN THE PROCESS OF ADOPTING WRITTEN PROCEDURES TO ENSURE ALL NONQUALIFIED BONDS (IF ANY) OF THE ISSUE ARE REMEDIATED IN ACCORDANCE WITH THE ASSOCIATED REGULATIONS. THE ORGANIZATION STRIVES TO STAY ABREAST OF FEDERAL REGULATIONS AND CONSIDERS THE REPERCUSSIONS OF ALL SIGNIFICANT ACTIVITIES WHICH COULD FORESEEABLY HAVE AN IMPACT ON THE ORGANIZATION'S TAX EXEMPT BONDS AND THE ASSOCIATED FEDERAL TAX REGULATIONS. ESTABLISHMENT OF WRITTEN PROCEDURES SCHEDULE K, PART IV, LINE 7 THE ORGANIZATION IS IN THE PROCESS OF ADOPTING WRITTEN PROCEDURES TO MONITOR THE ORGANIZATION'S ABILITY TO REMAIN IN COMPLIANCE WITH THE ARBITRAGE REQUIREMENTS UNDER SECTION 148 OF THE INTERNAL REVENUE CODE. THE ORGANIZATION STRIVES TO STAY ABREAST OF FEDERAL REGULATIONS AND CONSIDERS THE REPERCUSSIONS OF ALL SIGNIFICANT ACTIVITIES WHICH COULD FORESEEABLY HAVE AN IMPACT ON THE ORGANIZATION'S TAX EXEMPT BONDS AND THE ASSOCIATED FEDERAL TAX REGULATIONS. PROCEDURES TO UNDERTAKE CORRECTIVE ACTION SCHEDULE K, PART V THE ORGANIZATION IS IN THE PROCESS OF ADOPTING WRITTEN PROCEDURES WHICH DICTATE HOW MANAGEMENT TIMELY IDENTIFIES AND CORRECTS VIOLATIONS OF FEDERAL TAX REQUIREMENTS USING THE VOLUNTARY CLOSING AGREEMENT PROGRAM PROVIDED BY THE IRS WHEN SELF-REMEDIATION IS NOT AVAILABLE TO THE ORGANIZATION. THE ORGANIZATION STRIVES TO STAY ABREAST OF FEDERAL REGULATIONS AND CONSIDERS THE REPERCUSSIONS OF ALL SIGNIFICANT ACTIVITIES WHICH COULD FORESEEABLY HAVE AN IMPACT ON THE ORGANIZATION'S TAX EXEMPT BONDS AND THE ASSOCIATED FEDERAL TAX REGULATIONS. IN THE EVENT A VIOLATION IS IDENTIFIED THE ORGANIZATION'S POLICY IS TO CORRECT THE VIOLATION AS SOON AS POSSIBLE, WHILE WORKING WITH THE FEDERAL AUTHORITIES AS NECESSARY TO ENSURE THAT SUFFICIENT CONTROLS ARE PRESENT WHICH WILL GUARD AGAINST FUTURE VIOLATIONS. SEE PART V DISCOUNTED TUITION 30950 DISCOUNTED TUITION SUZETTE M HUNGERFORD WIFE OF H. DANIEL HUNGERFORD, OFFICER 19694 COMPENSATION false GRANTS OR ASSISTANCE BENEFITING INTERESTED PERSONS SCHEDULE L, PART III DURING FISCAL YEAR 2013, $30,950 OF DISCOUNTED TUITION WAS RECEIVED BY FAMILY MEMBERS OF INTERESTED PERSONS. X 87 26085 MARKET VALUE X 1 137000 MARKET VALUE X BALDWIN GRAND PIANO 1 12000 MARKET VALUE X VARIOUS GREEN HOUSE POTS 50 276 MARKET VALUE X TRAINING TABLES 2 6848 MARKET VALUE X BASEBALL TEAM DINNER 1 1005 COST X PIZZA FOR BASEBALL TEAM 1 300 COST X 60" TV FOR DELTA TAU DELTA'S 1 500 COST X ANTIQUE MEDICAL EQUIPMENT 5 300 MARKET VALUE X LABORATORY EQUIPMENT 4 29783 MARKET VALUE 2 false true false Number of contributions or items contributed. Schedule M, part I, column (b), Line other=BALDWIN GRAND PIANO Number of contributions or items contributed. Schedule M, part I, column (b), Line other=VARIOUS GREEN HOUSE POTS Number of contributions or items contributed. Schedule M, part I, column (b), Line other=TRAINING TABLES Number of contributions or items contributed. Schedule M, part I, column (b), Line other=BASEBALL TEAM DINNER Number of contributions or items contributed. Schedule M, part I, column (b), Line 1 Delegate broad authority to a committee Form 990, Part VI, Section A, Line 1a 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 THE COMMITTEES ON ACADEMIC ACTIVITIES, ADMINISTRATIVE OPERATIONS, DEVELOPMENT, FINANCE AND TRUSTEESHIP; AND THE SECRETARY AND TREASURER OF TRUSTEES. A QUORUM SHALL CONSIST OF FIVE 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. Family/business relationships amongst interested persons Form 990, Part VI, Section A, Line 2 TONI ROBINSON-SMITH - FAMILY RELATIONSHIP, EDGAR L. SMITH, JR. - FAMILY RELATIONSHIP Review of form 990 by governing body Form 990, Part VI, Section B, Line 11b 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 IS THEN PROVIDED TO ALL TRUSTEES PRIOR TO FILING WITH THE IRS. Conflict of interest policy Form 990, Part VI, Section B, Line 12c 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 ALSO OPERATE UNDER THE PROCEDURES OUTLINED ABOVE. Process used to establish compensation of top management official Form 990, Part VI, Section B, Line 15a 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 & UNIVERSITY PROFESSIONAL ASSOCIATION FOR HUMAN RESOURCES) FOR REASONABLENESS. THE PROCESS IS UNDERTAKEN ANNUALLY Process used to establish compensation of other officers/key employees Form 990, Part VI, Section B, Line 15b COMPENSATION FOR THE ADMINISTRATION IS ESTABLISHED BY USING 80% OF THE MEDIAN FOR EACH SPECIFIED (AND MATCHED) POSITION AS REPORTED BY CUPA-HR FOR PRIVATE INDEPENDENT COLLEGES WITH THE SAME ENROLLMENT AND BUDGET CATEGORY AS MC (NATIONAL POOL). MARIETTA COLLEGE MATCHES EACH POSITION DESCRIPTION TO CORRESPONDING DESCRIPTIONS PROVIDED BY CUPA-HR IN THEIR ANNUAL SALARY SURVEYS. THE ABOVE PROCESS IS COMPLETED ON AT LEAST AN ANNUAL BASIS FOR ALL POSITIONS. INFORMATION IS REVIEWED BY THE PRESIDENT'S CABINET AND PRESENTED TO ADMINISTRATIVE OPERATIONS COMMITTEE OF THE BOARD OF TRUSTEES FOR REVIEW AND DISCUSSION. DOCUMENTATION OF THE REVIEW IS MAINTAINED BY HR AND ARE IN THE MINUTES OF THE APPLICABLE BOARD OF TRUSTEES COMMITTEES. Governing documents, conflict of interest policy and financial statements available to the public Form 990, Part VI, Section C, Line 19 AVAILABLE AT MAIN ADDRESS OR PROVIDED IN ELECTRONIC FORMAT UPON REQUEST. Other changes in net assets or fund balances Form 990 , Part XI, Line 9 CHANGE IN PERPETUAL TRUSTS - 1009908; ACTUARIAL ADJUSTMENT SPLIT INTEREST AGREEMENTS - -76468; FAIR VALUE INTEREST RATE SWAP ADJUSTMENT - 647831; POST RETIREMENT LIABILITY ADJUSTMENT - 666334; BAD DEBT EXPENSE - PLEDGES - -727671; CHARITABLE REMAINDER TRUSTS (8) CHARITABLE REMAINDER TRUST OH NA TRUST BENEFICIAL INTEREST TRUST (6) 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