2026-05-13T11:25:41+00:00 2025-06-30 440160260 Forvis Mazars LLP 820 Massachusetts Ave Suite 1370 Indianapolis IN 46204 990 2024-07-01 314379584 Marietta College MARI 7403764720 215 Fifth Street Marietta OH 45750 Sarah Mouch ASST TREAS, VP FINANCE & ADMIN, CFO 7403764720 2026-05-13 true Nicole Fishback P01279475 3173834000 2026-05-15 2024 2025-03-06 01:10:19Z Sarah Mouch 215 Fifth Street Marietta OH 45750 83559016 false X www.marietta.edu X 1835 OH MARIETTA COLLEGE BUILDS A POWERFUL FOUNDATION FOR LIFELONG LEADERSHIP, CRITICAL THINKING, AND EFFECTIVE PROBLEM-SOLVING. 26 26 877 24 25191 23500 6473922 18048531 54755453 51819625 4669887 13676450 -76 65899262 83544530 26397030 25554115 0 26636219 22400926 0 840144 23953077 22782463 76986326 70737504 -11087064 12807026 188372005 198387528 45735042 44525426 142636963 153862102 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 56625758 25554115 51794625 CHARTERED IN 1835, MARIETTA COLLEGE (MC) IS A PRIVATE, NOT-FOR-PROFIT INSTITUTION OF HIGHER EDUCATION PROVIDING UNDERGRADUATE PROGRAMS IN THE LIBERAL ARTS AND SCIENCES, ALONG WITH SELECT GRADUATE DEGREES AT THE MASTER'S LEVEL. THE COLLEGE'S REVENUES ARE PREDOMINANTLY DERIVED FROM STUDENT TUITION, ROOM, BOARD, AND OTHER FEES. MC OFFERS INSTRUCTION IN A LEARNING ENVIRONMENT THAT IS CULTURALLY AND GEOGRAPHICALLY DIVERSE, WITH STUDENTS REPRESENTING NUMEROUS STATES AND COUNTRIES. STUDENTS BLEND A RIGOROUS LIBERAL ARTS CURRICULUM WITH A WIDE ARRAY OF MAJORS, DEVELOPING CONCENTRATIONS IN HIGH-DEMAND AREAS SUCH AS LEADERSHIP, MARKETING, PSYCHOLOGY, AND FINANCE. IN ADDITION TO TRADITIONAL PROGRAMS, MC OFFERS SEVERAL INNOVATIVE AND CAREER-ORIENTED DEGREES, INCLUDING PETROLEUM ENGINEERING, COMPUTER SCIENCE, EDUCATION, AND SPORT MANAGEMENT. A CORNERSTONE OF THE COLLEGE'S GRADUATE OFFERINGS IS THE PREMIER PHYSICIAN ASSISTANT (PA) STUDIES PROGRAM, WHICH BOASTS A NEAR 100% PASS RATE ON NATIONAL CERTIFICATION EXAMS AND PROVIDES VITAL HEALTHCARE SERVICES TO THE APPALACHIAN REGION. A STUDENT'S EDUCATIONAL EXPERIENCE IS FURTHER ENHANCED THROUGH PARTICIPATION IN SPECIAL CO- AND EXTRA-CURRICULAR OPPORTUNITIES, SUCH AS THE MCDONOUGH LEADERSHIP PROGRAM, ESPORTS, PIOPATH, HONORS PROGRAM, UNDERGRADUATE RESEARCH (INVESTIGATIVE STUDIES), AND A VIBRANT INTERNATIONAL COMMUNITY. TOTAL ENROLLMENT FOR THE 2024-2025 ACADEMIC YEAR WAS 1,109 STUDENTS. 56625758 true true false false false false false true false true true true false true true true true false true true true false false false true false false false true true true false false false false false false false false false false true false false false false true false false false false true 168 0 true 877 true true true false false false false true true false false false false false false X 26 26 true false false false false false false true true false false false true true true true true true true true false false X Sarah Mouch 7403764720 215 Fifth Street Marietta OH 45750 James Wilson Vice Chair 1.0 X X 0 0 0 Mary Korn Chair of the Board 1.0 X X 0 0 0 Rob Goldsmith Secretary to the Board 1.0 X X 0 0 0 Stephanie Peloquin Treasurer 1.0 X X 0 0 0 Andrew Ferguson Trustee - Resigned 8/2024 1.0 X 0 0 0 Arnie Civins Trustee 1.0 X 0 0 0 Clyde Wooten Trustee 1.0 X 0 0 0 Danielle Cisler Trustee 1.0 X 0 0 0 David Hill Trustee 1.0 X 0 0 0 Diann Krivchenia Trustee - term ended 6/2025 1.0 X 0 0 0 Don Conkle Trustee 1.0 X 0 0 0 Fred Bentley Trustee 1.0 X 0 0 0 George Fenton Trustee 1.0 X 0 0 0 James Fryfogle Trustee - term ended 6/2025 1.0 X 0 0 0 Janice Donoghue Asst Secretary to the Board 1.0 X 0 0 0 John Hopkins Trustee - term ended 6/2025 1.0 X 0 0 0 Joseph Chlapaty Trustee 1.0 X 0 0 0 Kathryn Bailey Trustee 1.0 X 0 0 0 Kevin O'Neill Trustee 1.0 X 0 0 0 Marc Ponchione Trustee 1.0 X 0 0 0 Matthew Weekley Trustee - term ended 6/2025 1.0 X 0 0 0 Michael Moffitt Trustee - term ended 6/2025 1.0 X 0 0 0 Robert Brucken Trustee 1.0 X 0 0 0 Rochelle Goodwin Trustee 1.0 X 0 0 0 Sean O'Connor Trustee 1.0 X 0 0 0 Tammi Weigand Trustee 1.0 X 0 0 0 Heidi Terry VP or Enrollment Management 40.0 X 174119 0 23178 Kathleen Dougherty See Schedule O 40.0 X 236242 0 20858 Margaret Drugovich President (END 12/31/24) 40.0 X 432383 0 39648 Sarah Mouch Asst Treas, VP Finance & Admin, CFO 40.0 X 181684 0 11156 Suzanne Walker CHIEF RETENTION OFFICER 40.0 X 113651 0 24553 Aaron Cowdery Chief Information Officer 40.0 X 114941 0 2236 Christina Gierhart Director of PA Program 40.0 X 164520 0 23312 Jonathan Vanderwal Head Coach/Athletic Director 40.0 X 124888 0 29942 Joshua Jacobs VP of Advancement 40.0 X 128925 0 0 Richard Danford VP for Student Life 40.0 X 126238 0 22514 William Ruud President (END 6/30/23) 0.0 X 197188 0 0 1994779 0 197397 21 true true false Eat'n Park Hospitality Group Suite 200 Homestead PA 15120 Food Service 3512535 EAB Richmond Richmond VA 23228 Contract Services 637847 Bricker Graydon LLP PO Box 632038 Cincinnati OH 452632038 Professional Services 373923 A Book Company LLC 28312 Network Place Chicago IL 60673 Contract Services 284675 Ologie Inc 447 E Main Street Columbus OH 43215 Contract Services 269324 13 37560 803826 17207145 1623876 18048531 Tuition 611600 39735709 39735709 Auxiliary Services 611710 11190114 11190114 Educational Services 611710 893802 868802 25000 0 0 0 0 51819625 2575260 191 2575069 0 0 11101190 11101190 0 11101190 11101190 14410 37560 14486 -76 -76 0 0 0 0 0 83544530 51794625 25191 13676183 25554115 25554115 1257652 1257652 17067609 15409460 1115765 542384 300636 242257 46984 11395 2523611 1877219 553240 93152 1251418 1043116 160645 47657 515079 515079 212913 212913 343690 343690 6802764 5608141 1150615 44008 113508 113508 1291876 1176703 50752 64421 1151253 1051511 99742 2423645 2168657 254988 858481 817720 5106 35655 81072 81072 951422 948286 2686 450 860292 860292 5701473 5701473 761614 761614 Memberships/Permits 207752 114907 91823 1022 Recruiting 201150 121811 79339 Program Support 198034 195459 2575 Accredidation 78792 78792 27653 23024 4629 0 70737504 56625758 13271602 840144 3841704 9655550 7444 177503 3324434 6210971 677184 900219 0 0 0 0 194108 13180 193948 221923 166710373 102364457 68800476 64345916 66972736 71211975 21590281 22096820 0 22769690 23553471 188372005 198387528 3585071 3175616 1569441 1525111 22462619 20913399 0 0 17176305 18041329 941606 869971 45735042 44525426 X 32238359 36359917 110398604 117502185 142636963 153862102 188372005 198387528 X 12807026 -1163914 -417973 X false true true true true X 13853464 14000639 14569985 6473922 18062941 66960951 0 0 13853464 14000639 14569985 6473922 18062941 66960951 4570180 62390771 2616559 2103883 2595657 2781952 2575260 12673311 0 0 0 0 0 0 0 79634262 270477486 0.78347 0.79056 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 91722343 978784 9751951 1699744 8215562 153570 92384202 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 0.141 0.757 0.102 false false 3909810 3909810 126691738 71522764 55168974 9967087 6451508 3515579 21925304 20908034 1017270 4216434 3482151 734283 64345916 Closely-held equity interests Financial derivatives Hedge Funds of Funds 4036880 F Private Equity Funds 18059940 F 22096820 Rem. Int. in Life Income Tax 921355 Ben. Int. in Perpetual Trust 22632116 23553471 Federal Income Taxes Agency Funds Held for Others 244481 Annuities Payable 348561 US Government Refundable Advances 55173 Accrued Post Retirement Liability 221756 869971 X 56253545 -1825639 0 -1825639 58079184 343690 25121656 25465346 83544530 44854185 0 0 44854185 343690 25539629 25883319 70737504 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 Change in Perpetual Trusts Held by Others - -701336 Student Financial Aid - 25554115 Actuarial Adjustment of Split Interest Agreements - 283363 Special event expenses - -14486 Schedule D, Part XII, Line 4(b) Other expenses in form 990 not in audited financial statements Student Financial Aid - 25554115 Special event expenses - -14486 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 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. 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, FEDERAL DIRECT STUDENT LOANS and PARENT and GRADUATE PLUS LOANS. MARIETTA COLLEGE ALSO RECEIVES SEVERAL STATE GRANTS AND SCHOLARSHIPS FROM THE STATES OF OHIO AND PENNSYLVANIA. Central America and the Caribbean 0 0 Investments 9876332 Europe (Including Iceland and Greenland) 0 0 Investments 10722789 0 0 0 0 0 0 20599121 0 20599121 true false true true true false Schedule F, Part I, Line 3 Method used to account for expenditures on org's financial statements CENTRAL AMERICA AND THE CARIBBEAN-Accrual; EUROPE (INCLUDING ICELAND AND GREENLAND)-Accrual Golf Outing 51970 37560 14410 0 498 13500 488 0 0 51970 37560 14410 0 498 13500 488 14486 -76 true Marietta College Grants 610 4308393 scholarship Marietta College Scholarships 905 18923409 scholarships Gift Endowed Scholarships 336 2100587 scholarships Gift Supported Scholarships 28 152461 scholarship Prizes and Awards 69 69265 scholarship Schedule I, Part I, Line 2 Procedures for monitoring use of grant funds GRANT FUNDS ARE TRACKED AND MANAGED THROUGH THE ORGANIZATION'S ADMINISTRATIVE FINANCIAL SYSTEM TO ENSURE COMPLIANCE WITH ALL APPLICABLE FEDERAL, STATE, LOCAL, AND INSTITUTIONAL REGULATIONS AND POLICIES. X true true X X X X true true false false false false false true false William Ruud President (END 6/30/23) 197188 0 0 0 0 0 0 0 0 0 197188 0 0 0 Margaret Drugovich President (END 12/31/24) 426731 0 0 0 5652 0 3949 0 35699 0 472031 0 0 0 Kathleen Dougherty See Schedule O 234609 0 0 0 1633 0 2100 0 18758 0 257100 0 0 0 Heidi Terry VP or Enrollment Management 172572 0 0 0 1547 0 1558 0 21620 0 197297 0 0 0 Sarah Mouch Asst Treas, VP Finance & Admin, CFO 180769 0 0 0 915 0 1667 0 9489 0 192840 0 0 0 Christina Gierhart Director of PA Program 163712 0 0 0 808 0 1334 0 21978 0 187832 0 0 0 Jonathan Vanderwal Head Coach/Athletic Director 124305 0 0 0 583 0 1133 0 28809 0 154830 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 HER EMPLOYMENT, AND HER 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 THE COLLEGE HAS A SECTION 457(F) SUPPLEMENTAL RETIREMENT PLAN FOR KATHLEEN DOUGHERTY. THERE WERE NO PAYMENTS MADE TO THE PLAN IN 2024. 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. A Southeastern Ohio Port Authority 820585565 2020-10-01 33500000 Currently Refund Bond Issues false false false A 17073331 0 33500000 0 0 0 0 0 0 0 33500000 0 2020 true false true true A false false false false false false 0.0 0.0 0.0 false false 0 false true A false true true false true true Peoples Bank 10.0 false true false 0 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. 23 483799 Other - Stock Quote 1 854134 Selling cost X Misc Personal 9 15943 Cost X Software 1 270000 Market value 0 false true false Schedule M, Part I Col B NUMBER OF CONTRIBUTORS: THE COLLEGE REPORTS THE NUMBER OF CONTRIBUTIORS IN COLUMN (B). Schedule M, Part I Explanations of reporting method for number of contributions Securities - Publicly traded - Total number of donors contributing stock. Other - Misc Personal Number of Contributions Other - Software Number of Contributors 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 Fred Bentley - Business relationship, Kevin O'Neill - Business 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 AUGUST 2025. 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. Market adjustments were made for non-exempt employees in 2025 utilizing market data and CUPA data with a goal of 80% of the media CUPA rate. Exempt employees are under review presently in anticipation of adjustments in 2026. The process is methodical and utilizes CUPA data, market data, AAUP data, OAC survey data, and internal equity considerations with a goal of 80% of CUPA median. 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 VII, Section A, Line 1a, Column (A) Kathleen Doughtery Kathleen Dougherty served as Provost and Dean of the Facility until 12/31/2024. On 1/1/2025 she became the interim President of the College and permanent President as of 8/1/2025. Form 990, Part XI, Line 9 Other changes in net assets or fund balances Change in perpetual trusts held by others - -701336; Actuarial adjustment of split interest agreements - 283363; Total - -417973; 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 $175,000. Charitable Remainder Trusts (1) 215 Fifth Street Marietta OH 45750 Charitable Remainder Trust OH NA Trust false Beneficial Interest Trust (10) 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