2011-05-13T10:02:47-05:00 2010-06-30 CROWE HORWATH LLP 10 West Broad Street Suite 1700 Columbus OH 432153713 990 2009-07-01 314379584 MARIETTA COLLEGE MARI 7403764724 215 FIFTH STREET MARIETTA OH 45750 DANIEL BRYANT 2011-05-11 true 6144690001 2009 2016-02-24 21:20:13Z DANIEL C BRYANT 215 FIFTH STREET MARIETTA OH 45750 62154601 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. 32 30 1301 31 0 0 5656845 8144237 47487634 49977501 -12060349 2328437 17740 12410 41101870 60462585 15351639 17039085 0 0 22874305 23540054 0 0 2239496 18566225 17410267 56792169 57989406 -15690299 2473179 163218562 168305855 37825178 37586670 125393384 130719185 MARIETTA COLLEGE PROVIDES A STRONG FOUNDATION FOR A LIFETIME OF LEADERSHIP, CRITICAL THINKING, AND PROBLEM SOLVING. (SEE SCHEDULE O FOR CONTINUATION). false false 53402073 17039085 49977501 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 42 STATES AND 12 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. 53402073 true true false false false false true false 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 false true true true false false false false false false false true 125 0 true 1301 true false false false false false false false false false 32 30 false 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 JEAN SCOTT 40 X X 218863 0 26481 T GRANT CALLERY 1 X X 0 0 0 BARBARA A PERRY FITZGERALD 1 X X 0 0 0 PENELOPE ADAMS 1 X 0 0 0 ANNA BOWSER BAILEY 1 X 0 0 0 MARK F BRADLEY 1 X 0 0 0 ROBERT BRUCKEN 1 X 0 0 0 CHRISTINE FRY BURNS 1 X 0 0 0 JOSEPH CHLAPATY 1 X 0 0 0 PATRICIA GRIFFIN CURTIN 1 X 0 0 0 GEORGE FENTON 1 X 0 0 0 DOUGLAS GRIEBEL 1 X 0 0 0 NANCY PUTNAM HOLLOSTER 1 X 0 0 0 JOHN LANGEL 1 X 0 0 0 CHARLES BRENT MCCOY 1 X 0 0 0 BRENT MCCURDY 1 X 0 0 0 MARILYN MOON 1 X 0 0 0 JOHN R MURPHY 1 X 0 0 0 J ROGER PORTER 1 X 0 0 0 LEONARD M RANDOLPH JR 1 X 0 0 0 CYNTHIA REECE 1 X 0 0 0 RONALD RINARD 1 X 0 0 0 DONALD RITTER 1 X 0 0 0 TONI ROBINSON-SMITH 1 X 0 0 0 CHARLENE SAMPLES 1 X 0 0 0 FRANK SCHOSSLER 1 X 0 0 0 EDGAR L SMITH JR 1 X 0 0 0 DONALD STRICKLAND 1 X 0 0 0 JAMES TRACY 1 X 0 0 0 DALE WARTLUFT 1 X 0 0 0 PATRICIA LORENO WILLIS 1 X 0 0 0 DANIEL BRYANT 40 X 150882 0 13737 PEGGY DEBARTOLO 40 X 96923 0 24059 WILLIAM DONNELLY 1 X 0 0 0 RITA SMITH KIPP 40 X 165745 0 30449 LORI LEWIS 40 X 135129 0 26734 DAVID RHODES 40 X 118306 0 46837 EVAN BOHNEN 40 X 102985 0 28936 ROBERT CHASE 40 X 120640 0 37079 GLORIA STEWART 40 X 121929 0 18185 1231402 0 252497 10 false true false CHARTWELLS DINING SERVICES PO BOX 91337 CHICAGO IL 606931337 FOOD SERVICES 2490993 SILVERHEELS INC 410 THIRD STREET MARIETTA OH 45750 CONSTRUCTION 596303 MALONE RENOVATIONS INC 282 1/2 FRONT STREET MARIETTA OH 45750 CONSTRUCTION 245457 TIFFIN SCENIC STUDIOS INC 146 RIVERSIDE DRIVE TIFFIN OH 448831644 CONSTRUCTION-THEATRE RIGGING 139788 MILLER LECKY ARCHITECTS 1461 GERRARD AVENUE COLUMBUS OH 43212 ARCHITECTURAL SERVICES 104924 5 0 0 0 0 1100367 7043870 202151 8144237 TUITION 39970445 39970445 0 0 AUXILIARY SERVICES 9068616 9068616 0 0 EDUCATIONAL SERVICES 891505 891505 0 0 STUDENT LOAN INTEREST 46935 46935 0 0 0 0 0 0 0 0 0 0 49977501 757619 0 0 757619 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 3246834 16000 1656880 35136 1589954 -19136 1570818 0 0 1570818 0 0 0 0 0 0 0 12410 0 12410 0 0 12410 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 60462585 49977501 0 2340847 0 0 17039085 17039085 0 0 0 0 1307422 583223 402738 321461 0 0 0 0 15868743 14547898 366909 953936 1098857 952880 57233 88744 4091864 3415888 303171 372805 1173168 1035200 54601 83367 0 0 0 0 90341 0 90341 0 49949 0 49949 0 0 0 0 0 0 0 498310 444750 53560 0 897888 816090 59993 21805 51986 51986 0 0 2743667 2422621 193479 127567 408815 358919 49896 0 0 0 0 0 1989350 1977743 11607 0 778492 652104 15209 111179 0 0 0 0 0 0 0 0 648046 648046 0 0 0 0 0 0 4094691 3972425 96875 25391 240852 56707 184145 0 CONTRACT MEALS 2097970 2097970 0 0 STUDENT ACTIVITIES 1157972 1157972 0 0 EQUIPMENT REPAIRS & MAINTENANCE 327092 223285 103807 0 BOND COSTS 264326 246098 18228 0 STUDY ABROAD PROGRAM 252244 252244 0 0 818276 448939 236096 133241 57989406 53402073 2347837 2239496 0 0 0 0 1842063 3420493 3804790 4675752 10238198 8693641 2368820 2072311 0 0 0 0 2677647 2607809 0 0 141755 133789 131263492 54959950 77846698 76303542 28384592 31882889 21312518 23410490 0 0 0 0 14601481 15105139 163218562 168305855 2494873 2635564 0 0 3903824 3475615 22205000 20950000 0 0 0 0 2887160 3944267 0 0 6334321 6581224 37825178 37586670 X 55332647 54498259 10552956 14855233 59507781 61365693 0 0 0 0 0 0 125393384 130719185 163218562 168305855 X false true true X true true X 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X false 52957481 2256374 4846880 1690928 1309702 443654 56616451 67153918 2495516 -13073534 1816945 1437458 364016 52957481 0.0792 0.9208 0 false false 0 3784810 3784810 0 91027600 31523040 59504560 0 0 0 0 0 20759390 12072891 8686499 0 15691692 11364019 4327673 76303542 0 0 ALTERNATIVE INVESTMENTS 6922774 F HEDGE FUNDS 16487716 F 23410490 REMAINDER INTEREST IN LIFE INCOME 1493346 BENEFICIAL INTEREST IN PERPETUAL TRUST 13145772 PREPAID BOND COSTS 466021 15105139 0 AGENCY FUNDS HELD FOR OTHER 61148 ACCRUED POST RETIREMENT LIABILITY 1314836 US GOVERNMENT REFUNDABLE ADVANCES 2190770 INTEREST RATE SWAP 1723424 ANNUITIES PAYABLE 500795 CAPITAL LEASE OBLIGATIONS 790251 6581224 60462585 57989406 2473179 1919557 0 0 0 933065 2852622 5325801 46923113 1919557 0 0 1411617 3331174 43591939 444750 16425896 16870646 60462585 41597312 0 0 0 0 0 41597312 444750 15947344 16392094 57989406 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 footnote Schedule D, Part X, Line 2 GENERALLY ACCEPTED ACCOUNTING PRINCIPLES ("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, 2010. 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, 2010. THE COLLEGE IS NO LONGER SUBJECT TO EXAMINATION BY TAXING AUTHORITIES FOR YEARS BEFORE 2007. THE COLLEGE DOES NOT EXPECT THE TOTAL AMOUNT OF UNRECOGNIZED TAX BENEFITS TO SIGNIFICANTLY CHANGE IN THE NEXT 12 MONTHS. Other changes in net assets Schedule D, Part XI, Line 8 CHANGE IN PERPETUAL TRUSTS HELD BY OTHERS - 855369; ACTUARIAL ADJUSTMENT OF SPLIT INTEREST AGREEMENTS - 556248; FAIR VALUE OF INTEREST RATE SWAP ADJUSTMENT - -419647; POST-RETIREMENT LIABILITY RELATED CHANGES OTHER THAN PERIODIC COSTS - -58905; OTHER - 0; TOTAL - 933065 Other revenues in audited financial statements not in form 990 Schedule D, Part XII, Line 2d CHANGE IN PERPETUAL TRUSTS HELD BY OTHERS - 855369; ACTUARIAL ADJUSTMENT OF SPLIT INTEREST AGREEMENTS - 556248; OTHER - 0; TOTAL - 1411617 Other revenues in form 990 not in audited financial statements Schedule D, Part XII, Line 4b SCHOLARSHIPS - 15947344; FAIR VALUE OF INTEREST RATE SWAP ADJUSTMENT - 419647; POST-RETIREMENT LIABILITY RELATED CHANGES OTHER THAN PERIODIC COSTS - 58905; OTHER - 0; TOTAL - 16425896 Other expenses in form 990 not in audited financial statements Schedule D, Part XIII, Line 4b SCHOLARSHIPS - 15947344; OTHER - 0; TOTAL - 15947344 true true true 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. true true true true false false false false false false false false true false true EAST ASIA AND THE PACIFIC 1 2 PROGRAM SERVICES INTERNATIONAL ADMISSIONS 64331 CENTRAL AMERICA AND THE CARIBBEAN PASSIVE INVESTMENTS 1 2 64331 true MARIETTA COLLEGE GRANTS 1350 8910718 0 N/A N/A MARIETTA COLLEGE SCHOLARSHIPS 763 5888071 0 N/A N/A GIFT ENDOWED SCHOLARSHIPS 374 1781129 0 N/A N/A GIFT SUPPORTED SCHOLARSHIPS 72 168867 0 N/A N/A PRIZES AND AWARDS 7 19928 0 N/A N/A U.S. DEPARTMENT OF EDUCATION GRANTS 181 270372 0 N/A N/A Procedures for monitoring use of grant funds Schedule I, Part I, Line 2 GRANT FUNDS ARE MONITORED THROUGH AN INSTITUTIONAL ADMINSTRATIVE DATABASE IN ACCORDANCE WITH FEDERAL, STATE, LOCAL AND INSTITUTIONAL REGULATIONS AND POLICIES. X true true X X X false false false false false false false false false JEAN SCOTT 214137 0 0 0 4726 0 17280 0 9201 0 245344 0 0 0 DANIEL BRYANT 150000 0 0 0 882 0 12000 0 1737 0 164619 0 0 0 RITA SMITH KIPP 163725 0 0 0 2020 0 13455 0 16994 0 196194 0 0 0 LORI LEWIS 134035 0 0 0 1094 0 11012 0 15722 0 161863 0 0 0 DAVID RHODES 117936 0 0 0 370 0 9808 0 37029 0 165143 0 0 0 ROBERT CHASE 120047 0 0 0 593 0 9691 0 27388 0 157719 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. OHIO HIGHER EDUCATIONAL FACILITY COMMISSION 346849674 67756BUB4 2007-04-26 10935000 DESIGN & CONSTRUCTION OF BUILDING false false 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 11346735 0 0 0 244047 0 10690953 2008 false false true true 25046744 0 0 0 473115 0 3999896 2005 true false true true false false true false true 0.0245 0.000 0.0245 true false false true false true 0.000 0.000 0.000 true false true false 0.0 false 0.0 false true false true false 0.0 false 0.0 false true PEOPLES BANK MARK BRADLEY, TRUSTEE, WAS SERVING AS CEO OF PEOPLES BANK AT TIME OF TRANSACTION 441608 INSURANCE, INVESTMENT MGMT, BANK FEES false X 8 202151 MARKET VALUE 0 false true false Review of form 990 by governing body Form 990, Part VI, Section B, Line 11A 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 COLLEGE PRESIDENT ESTABLISHED BY COLLEGE BOARD OF TRUSTEES AND DOCUMENTED IN A MULTI-YEAR EMPLOYMENT CONTRACT. ALL COMPENSATION LEVELS 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 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 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 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. Public Disclosure Form 990, Part VI, Section C, Line 19 AVAILABLE AT MAIN ADDRESS OR PROVIDED IN ELECTRONIC FORMAT UPON REQUEST. Financial aid or assistance from a governmental agency Schedule E, 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. SCHEDULE K, PART II, LINE 5 TAX EXEMPT BOND ISSUANCE COSTS BOND A: ISSUANCE COSTS FOR THE 2004 BOND WERE $297,665. CREDIT ENHANCEMENT COSTS FOR THE 2004 BONDS WERE $175,449. BOND B: ISSUANCE COSTS FOR THE 2007 BOND WERE $187,419. CREDIT ENHANCEMENT COSTS FOR THE 2007 BONDS WERE $56,628. FORM 990, PART III, LINE 1 ORGANIZATION'S MISSION (CONTINUED FROM FORM 990, PART III) 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.