2013-03-01T09:00:08-06:00 2012-06-30 CROWE HORWATH LLP 70 West Madison Street Suite 700 Chicago IL 606024903 990 2011-07-01 352158366 GOSHEN COLLEGE INC GOSH 5745357456 1700 South Main Street Goshen IN 46526 JAMES L HISTAND 2013-02-20 false Nicole Bencik P00756195 3128997000 2011 2016-03-07 17:11:31Z JAMES E BRENNEMAN 1700 South Main Street Goshen IN 46526 44698554 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. 13 13 1006 50 298936 -74507 3541335 3981282 27736626 28193138 1003469 442465 679754 445410 32961184 33062295 10257895 10461424 0 0 14664019 14902158 0 0 182581 12983732 13639509 37905646 39003091 -4944462 -5940796 177693370 169422616 42083326 43925384 135610044 125497232 X GOSHEN COLLEGE, INC. IS A LIBERAL ARTS COLLEGE DEDICATED TO THE DEVELOPMENT OF INFORMED, ARTICULATE, SENSITIVE, RESPONSIBLE CHRISTIANS. (CONTINUED IN SCHEDULE O) false false 32839153 10461424 27794470 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 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) 1233753 0 398668 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) 34072906 true true false true false false true false true true true false false true true true false true true true false false false true false false false true false true false false false false false false true false false false true false false false false true true false false false true 1177 0 true 1006 true true true false false false false true true false false false false X 13 13 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 PHILIP E BONTRAGER 1.00 X X 0 0 0 RICK STIFFNEY 1.00 X X 0 0 0 ROSE GILLIN 1.00 X X 0 0 0 CALENTHIA S DOWDY 1.00 X 0 0 0 CONRAD CLEMENS 1.00 X 0 0 0 FAITH PENNER 1.00 X 0 0 0 FELIPE HINOJOSA 1.00 X 0 0 0 IVORIE G LOWE 1.00 X 0 0 0 KAREN MAXAM WEAVER 1.00 X 0 0 0 KEN HOCHSTETLER 1.00 X 0 0 0 MIRIAM F BOOK 1.00 X 0 0 0 PAUL BAST 1.00 X 0 0 0 TIMOTHY J OYER 1.00 X 0 0 0 JAMES E BRENNEMAN 65.00 X 132376 0 15624 JAMES L HISTAND 65.00 X 99319 0 9695 ANITA K STALTER 65.00 X 102972 0 9888 334667 0 35207 2 false false false AVI FRESH 2590 ELM RD NE WARREN OH 44483 DINING SERVICES 1224689 MINDPOWER INC 337 GEORGIA AVE SE ATLANTA GA 30312 ADVERTISING & WEB SERVICES 170928 FOOTSTEP MINISTRIES 2308 YORK CT CAROLLTON TX 75006 GUIDE HOSTING SERVICES 156385 MENNO TRAVEL SERVICE 210 S MAIN ST GOSHEN IN 46526 PROFESSIONAL TRAVEL SERVICES 150607 CITY OF GOSHEN 202 S FIFTH ST STE 2 GOSHEN IN 46526 ENGINEERING/CONSTRUCTION OVERSIGHT 138336 6 18900 81165 462853 3418364 48912 3981282 TUITION AND FEES 611710 22866727 22866727 AUXILIARY ENTERPRISES 611710 4438270 4438270 PERFORMING ARTS AND MUSIC CENTER 611710 335863 335863 MERRY LEA ENVIRONMENTAL LEARNING CENTER 611710 398668 398668 EDUCATIONAL TRIPS AND ATHLETICS 611710 153610 153610 0 0 0 0 28193138 273527 273527 0 0 85148 85148 0 85148 85148 11583698 212478 11512938 114300 70760 98178 168938 168938 5880 18900 9021 -3141 -3141 0 0 REC-FITNESS CENTER 713940 327289 298936 28353 MISCELLANEOUS 900099 36114 36114 0 0 0 0 363403 33062295 28193138 298936 588939 0 10461424 10461424 0 0 231695 231695 0 11303416 9531459 1748816 23141 575599 476573 99026 0 1910782 1529891 380891 0 880666 729157 151509 0 0 23795 2888 20907 72625 72625 22 22 0 65637 65637 1473298 1274639 198659 297611 240968 56426 217 1982398 1601240 336893 44265 0 0 1098901 1084183 14718 839616 649748 164430 25438 0 87202 72565 14637 1106242 1106242 0 2471397 2053956 343881 73560 80439 49683 30756 EQUIPMENT & MAINTENANCE 1928229 1388767 539167 295 MERRY LEA LEARNING CENTER 1233753 1233753 ENTERTAINMENT EXPENSES 323261 115957 192094 15210 BOOKS AND PERIODICALS 318993 317548 1445 236090 152265 83370 455 39003091 34072906 4747604 182581 0 5600 5650 2085819 5256660 16927 10186 318088 316630 2200942 2218620 360767 425830 92931931 37455477 55867956 55476454 5449335 5705925 109363822 98888344 0 0 2024114 1118317 177693370 169422616 1690859 1924040 30525000 29250000 9867467 12751344 42083326 43925384 X 45388018 39081617 19306219 16958121 70915807 69457494 135610044 125497232 177693370 169422616 X -5940796 -4172016 X false true true X true true X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false false false false false false false false true 22 22 false Description of the activities reported on Lines 1a through 1i Schedule C, Part II-B, Line 1 THE ORGANIZATION INDIRECTLY INFLUENCED LEGISLATION THROUGH ITS DUES PAID TO THE NATIONAL ASSOCIATION OF COLLEGE AND UNIVERSITY BUSINESS OFFICERS (NACUBO). ONE PERCENT OF DUES PAID WERE USED FOR SPECIFIC LOBBYING PURPOSES, WHICH TOTALED $22 FOR THE YEAR ENDED JUNE 30, 2012. X X X false 99290676 1082006 -2816000 3546027 94010655 82970244 668073 18003290 2350931 99290676 71977545 7629116 5942220 2578637 0 0 82970244 106179151 691403 -32087310 2805699 71977545 0.23220 0.71740 0.05040 true true true 1691542 1691542 79377942 29322747 50055195 2186902 1434949 751953 7670458 6697781 972677 2005087 2005087 55476454 0 0 MEA GROWTH POOL 72282978 F FUNDS HELD BY OTHERS AND IRREVOCABLE TRUSTS 26605366 F 98888344 0 ANNUITIES PAYABLE 642485 DEPOSITS 550321 RETIREMENT PLANS AND POSTRETIREMENT HEALTH CARE 2656712 FAIR VALUE OF INTEREST RATE SWAPS 6539558 U.S. GOVERNMENT LOAN FUNDS 2362268 12751344 33062295 39003091 -5940796 -1284462 -2887554 -4172016 -10112812 18692829 -1284462 -2886454 -4170916 22863745 10198550 10198550 33062295 28805641 10121 10121 28795520 10207571 10207571 39003091 Collections of art - financial statement footnote Schedule D, Part III, Line 1a THE COLLEGE FOLLOWS A POLICY NOT TO RECORD OR CAPITALIZE ITS COLLECTIONS OF WORKS OF ART, HISTORICAL TREASURES AND SIMILAR ASSETS. THESE 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, 2012 AND 2011, THERE WERE NO SIGNIFICANT REPORTABLE ACTIVITIES IN COLLECTIONS. Collections of art - description of collections Schedule D, Part III, Line 4 SEE NARRATIVE FOR SCHEDULE D, PART III, LINE 1A. Intended uses of endowment funds Schedule D, Part V, Line 4 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. FIN 48 (ASC 740) footnote Schedule D, Part X, Line 2 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, 2012 AND 2011. THE COLLEGE IS NO LONGER SUBJECT TO EXAMINATION BY THE U.S FEDERAL TAXING AUTHORITIES FOR YEARS BEFORE 2008 AND FOR ALL STATE INCOME TAXES THROUGH 2008. 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, 2012 AND 2011. true true true true true true true false false false true false false false false true false true Financial aid or assistance from a governmental agency Schedule E, Line 6a 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 81216 SUB SAHARAN AFRICA 0 0 PROGRAM SERVICES HIGHER EDUCATION/STUDY ABROAD PROGRAMS 121266 SOUTH AMERICA 0 0 PROGRAM SERVICES HIGHER EDUCATION/STUDY ABROAD PROGRAMS 372811 EUROPE (INCLUDING ICELAND AND GREENLAND) 0 0 PROGRAM SERVICES HIGHER EDUCATION/STUDY ABROAD PROGRAMS 169689 EAST ASIA AND THE PACIFIC 0 0 PROGRAM SERVICES HIGHER EDUCATION/STUDY ABROAD PROGRAMS 112119 0 0 857101 false false false 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 SUB SAHARAN AFRICA: ACCRUAL SOUTH AMERICA: ACCRUAL EUROPE (INCLUDING ICELAND AND GREENLAND): ACCRUAL EAST ASIA AND THE PACIFIC: ACCRUAL GOLF OUTING 24780 18900 5880 2010 4710 2301 0 0 24780 18900 5880 0 2010 4710 2301 0 0 9021 -3141 true NEED-BASED SCHOLARSHIPS 671 2966033 0 N/A N/A MERIT-BASED SCHOLARSHIPS 294 7495391 0 N/A N/A Procedures for monitoring use of grant funds Schedule I, Part I, Line 2 GRANT FUNDS/SCHOLARSHIPS ARE CREDITED DIRECTLY TO THE STUDENTS' ACCOUNTS TO ENSURE THE APPROPRIATE USE OF FUNDS. CITY OF GOSHEN INDIANA 356001045 383259BC1 2007-05-09 31800000 TO FINANCE CAPITAL PROJECTS AND REFUND PRIOR BOND ISSUES (5/29/02 AND 6/10/04) false false false 2550000 0 31967272 0 118548 0 139318 54996 0 6111221 25543189 0 2007 true false true true false false true true false 0.0000 0.0000 0.0000 true false true false 0.0 false 0.0 false true TOTAL PROCEEDS OF ISSUE PART II, LINE 3 GROSS PROCEEDS - $31,800,000 INVESTMENT EARNINGS ON PROCEEDS - $167,272 WRITTEN PROCEDURES TO ENSURE COMPLIANCE PART V 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 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 SEE PART V SEE PART V 51928 MERIT-BASED SCHOLARSHIPS X 750 MARKET VALUE X 7 34442 MARKET VALUE X EQUIPMENT/SUPPLIES 5 6078 MARKET VALUE X LIFE INSURANCE POLICY 1 1142 MARKET VALUE X PIANO 1 6500 MARKET VALUE 1 false true false Explanations of reporting method for number of contributions Schedule M, Part I OTHER: NUMBER OF CONTRIBUTIONS OTHER: NUMBER OF CONTRIBUTIONS OTHER: NUMBER OF CONTRIBUTIONS BOOKS AND PUBLICATIONS: N/A SECURITIES - PUBLICLY TRADED: NUMBER OF CONTRIBUTIONS Number of contributions or items contributed. Schedule M, part I, column (b), Line other=EQUIPMENT/SUPPLIES NUMBER OF CONTRIBUTIONS Number of contributions or items contributed. Schedule M, part I, column (b), Line other=LIFE INSURANCE POLICY NUMBER OF CONTRIBUTIONS Number of contributions or items contributed. Schedule M, part I, column (b), Line other=PIANO NUMBER OF CONTRIBUTIONS Number of contributions or items contributed. Schedule M, part I, column (b), Line 4 N/A ORGANIZATION'S MISSION FORM 990, PART III, LINE 1 (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. PROGRAM SERVICE ACCOMPLISHMENTS FORM 990, PART III, LINE 4A (CONTINUED FROM PART III) 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 2011-2012 ACADEMIC YEAR, THE ORGANIZATION HAD A FULL-TIME EQUIVALENT OF 842.2 UNDERGRADUATE AND 44.3 GRADUATE STUDENTS FROM MORE THAN 31 STATES AND 31 COUNTRIES. GOSHEN COLLEGE OFFERS STUDENTS 36 MAJORS 37 MINORS, AS WELL AS RIGOROUS PRE-PROFESSIONAL AND CERTIFICATE PROGRAMS. THE COLLEGE'S STUDENT-TO-FACULTY RATIO IS 13:1 AND 85 PERCENT OF CLASSES HAVE FEWER THAN 25 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 80 PERCENT OF STUDENTS STUDY ABROAD BEFORE GRADUATING. MORE THAN HALF OF GOSHEN FACULTY MEMBERS HAVE LIVED OR WORKED ABROAD. APPROXIMATELY 99 PERCENT OF FULL-TIME GOSHEN COLLEGE STUDENTS RECEIVE SOME FORM OF FINANCIAL AID, WITH THE AVERAGE PACKAGE OF SCHOLARSHIPS, GRANTS AND LOANS TOTAL $19,470. PROGRAM SERVICE ACCOMPLISHMENTS FORM 990, PART III, LINE 4B (CONTINUED FROM PART III) 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. Members or stockholders electing members of governing body Form 990, Part VI, Section A, Line 7a MENNONITE EDUCATION AGENCY, INC., A RELATED ORGANIZATION, HAS THE POWER TO APPOINT 75% OF GOSHEN COLLEGE'S BOARD OF DIRECTORS. Review of form 990 by governing body Form 990, Part VI, Section B, Line 11b THE FORM 990 IS REVIEWED IN DETAIL BY 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. Conflict of interest policy Form 990, Part VI, Section B, Line 12c ANNUAL DISCLOSURE IS PROVIDED TO EACH OFFICER, BOARD MEMBER, AND ADMINISTRATIVE STAFF. EACH PERSON COMPLETES AN ANNUAL CONFLICT OF INTEREST QUESTIONNAIRE. ONCE THE QUESTIONNAIRES ARE COMPLETED, THE CONTROLLER REVIEWS THE RESPONSES AND DETERMINES WHETHER OR NOT THERE ARE ANY POTENTIAL CONFLICTS OF INTEREST. IF THERE IS A POTENTIAL CONFLICT OF INTEREST, THE PRESIDENT, TREASURER, AND CONTROLLER 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. Process used to establish compensation of top management official Form 990, Part VI, Section B, Line 15a 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 WAS DOCUMENTED IN THE EXECUTIVE COMMITTEE MEETING MINUTES AND WAS LAST UNDERTAKEN IN DECEMBER 2011 FOR COMPENSATION CHANGES EFFECTIVE JANUARY 2012. Process used to establish compensation of other officers/key employees Form 990, Part VI, Section B, Line 15b SEE NARRATIVE FOR FORM 990, PART VI, SECTION B, LINE 15A. Governing documents, conflict of interest policy and financial statements available to the public Form 990, Part VI, Section C, Line 19 THE ORGANIZATION'S FINANCIAL STATEMENTS ARE POSTED ON THE VP OF FINANCE'S WEBSITE (WWW.GOSHEN.EDU/FINANCEVP). 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. Other changes in net assets or fund balances Form 990, Part XI, Line 5 NET UNREALIZED GAINS (LOSSES) ON INVESTMENTS - -1284462; UNREALIZED LOSSES ON INTEREST RATE SWAPS - -2782300; ACTUARIAL ADJUSTMENT OF ANNUITIES - -104154; ALLOWANCE FOR UNCOLLECTIBLE CONTRIBUTIONS - -1100; MENNONITE EDUCATION AGENCY INC 63846 COUNTY ROAD 35 SUITE 1 GOSHEN IN 46528 352154781 EDUCATION IN 501(C)(3) 7 NA false CHARITABLE REMAINDER TRUSTS (9) TRUST IN GOSHEN COLLEGE INC TRUST false false true false false false false false false false false true false false false true false false