2018-03-13T10:00:09-05:00 2017-06-30 350921680 CROWE HORWATH LLP 155 West Nationwide Blvd Suite 500 Columbus OH 432152570 990 2016-07-01 314379584 Marietta College MARI 7403764724 215 Fifth Street Marietta OH 45750 Michele L Marra Treasurer 2018-03-12 true Rachel Spurlock P00520729 6144690001 2016 2021-01-29 14:40:06Z Michele L Marra 215 Fifth Street Marietta OH 45750 90496573 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. 27 26 1126 26 0 0 5024954 8292294 53181266 49700325 2411264 4459329 195 60617484 62452143 18323665 16831814 0 21605544 21450611 9300 3148 969478 20706925 19683248 60645434 57968821 -27950 4483322 198299497 204745491 42665520 39604906 155633977 165140585 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 51584599 16831814 49700325 CHARTERED IN 1835, MARIETTA COLLEGE (MC) 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 41 STATES AND 13 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. 51584599 true true false 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 false false false false true false false false true 1602 0 true 1126 true false false false false false false false false false false X 27 26 true false false false false false false true true false false true true true true true true true true false X MICHELE L MARRA 7403764718 215 FIFTH STREET Marietta OH 45750 George Fenton Chair, Board of Trustees 1.0 X X 0 0 0 William Ruud President (started July 2016) 40.0 X X 214635 0 52015 Joseph Bruno President (through Sept. 2016) 40.0 X X 303052 0 24103 Patricia Kral Zecchi Vice Chair, Board of Trustees 1.0 X X 0 0 0 Robert Brucken Trustee 1.0 X 0 0 0 T Grant Callery Trustee 1.0 X 0 0 0 Christopher Cortez Trustee 1.0 X 0 0 0 Harry Esbenshade III Trustee 1.0 X 0 0 0 Andrew Ferguson Trustee 1.0 X 0 0 0 Barbara Perry Fitzgerald Trustee 1.0 X 0 0 0 James Fryfogle Trustee 1.0 X 0 0 0 Matthew Macatol Trustee 1.0 X 0 0 0 C Brent McCurdy Trustee 1.0 X 0 0 0 Michael Milone Trustee 1.0 X 0 0 0 Michael Moffitt Trustee 1.0 X 0 0 0 Kathleen Mitchell Murphy Trustee 1.0 X 0 0 0 Kevin O'Neill Trustee 1.0 X 0 0 0 Marc Poncione Trustee 1.0 X 0 0 0 Jason Rebrook Trustee 1.0 X 0 0 0 Ronald Rinard Trustee 1.0 X 0 0 0 Toni Robinson-Smith Trustee 1.0 X 0 0 0 Michael Salvino Trustee 1.0 X 0 0 0 Edgar Smith Jr Trustee 1.0 X 0 0 0 Charles Sulerzyski Trustee 1.0 X 0 0 0 Elliot Thrasher Trustee 1.0 X 0 0 0 Dale Wartluft Trustee 1.0 X 0 0 0 Matthew Weekley Trustee 1.0 X 0 0 0 Jo Ellen Diehl Yeary Trustee 1.0 X 0 0 0 Daniel Bryant Treasurer & VP Finance & Adm (through Dec. 2016) 40.0 X 344792 0 14452 Michele Marra Treasurer & VP Finance & Adm (beginning Jan. 2017)/ Asst. Treasurer and AVP (through Dec. 2016) 40.0 X 121510 0 9043 William Donnelly Secretary 1.0 X 0 0 0 Janet Bland Provost 40.0 X 153617 0 23843 Dave Freeman Professor/ Dept. Chair 40.0 X 124257 0 40683 Angela Anderson VP of Advancement 40.0 X 125481 0 5000 Miranda Collins Program Director, Assoc. Professor - P.A. Dept. 40.0 X 122946 0 5080 Richard Danford VP of Student Life and Diversity 40.0 X 111553 0 38324 Gamaliel Perruci Dean of McDonough Leadship Center/Professor 40.0 X 103103 0 28617 1724946 0 241160 12 false true true PARKHURST DINING SERVICES 316 Washington Avenue Wheeling WV 26003 FOOD SERVICES 2483210 PHOENIX ASSOCIATES 501 East Street Parkersburg WV 26101 CONSTRUCTION 443840 ELLUCIAN INC 4375 Fair Lakes Court Fairfax VA 22033 IT CONTRACT SERVICES 230642 LIAISON INTERNATIONAL INC 311 Arsenal Street Watertown MA 02472 MARKETING 185130 PARK TOURS 4401 Camden Avenue Parkersburg WV 26101 TRANSPORTATION 177814 15 0 0 0 0 539634 7752660 122510 8292294 TUITION 611600 39494480 39494480 0 0 AUXILIARY SERVICES 611710 9225561 9225561 0 0 EDUCATIONAL SERVICES 611710 980284 980284 0 0 0 0 0 0 0 0 0 0 0 0 0 0 49700325 1668383 0 0 1668383 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 30835376 0 28044430 0 2790946 0 2790946 0 0 2790946 0 0 0 0 0 195 0 195 0 0 195 0 0 0 0 0 0 0 0 0 0 0 62452143 49700325 0 4459524 16831814 16831814 0 0 0 0 824261 824261 151517 151517 16517705 14975738 941759 600208 569109 522252 24601 22256 2228389 2104949 59044 64396 1159630 1021323 96048 42259 0 0 0 0 48604 0 48604 0 108885 0 108885 0 0 0 0 0 3148 3148 358858 0 358858 0 2978388 2434983 543376 29 192444 187617 4827 2558745 2183748 331419 43578 1175258 1033315 127948 13995 0 0 0 0 1544366 1539602 4764 0 802605 652436 70479 79690 0 0 0 0 0 0 0 0 1390914 1265732 97364 27818 0 0 0 0 3281319 2986001 229692 65626 517503 0 517503 0 Equipment Repairs & Maint. 2398760 2274011 124749 0 Recruiting 443402 314523 127417 1462 Student Activities 318257 318257 0 0 Credit Card Fees 225403 0 225403 0 1339537 786781 547743 5013 57968821 51584599 5414744 969478 5881385 8419074 18414475 17998791 1047197 849922 2618991 2555122 0 0 0 1663143 1552914 0 250733 19389 143316081 61653369 83956617 81662712 42849471 57483758 24426392 16851076 0 0 0 17191093 17352733 198299497 204745491 2265321 2216105 0 0 1905680 1405676 35810549 33345298 0 0 0 0 0 0 2683970 2637827 42665520 39604906 X 59993214 60818870 19283757 24369357 76357006 79952358 0 0 0 155633977 165140585 198299497 204745491 X 4483322 4095727 0 0 0 927559 X false true X true true true X 6590768 5896325 5814077 5024954 8292294 31618418 0 0 0 0 6590768 5896325 5814077 5024954 8292294 31618418 3268330 28350088 1403780 1431523 1582041 2322949 1668383 8408676 0 0 8570 0 0 0 195 8765 40035859 276299329 0.7081 0.7058 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. Schedule A, Part II, Line 10 Other Income DESCRIPTION - FUNDRAISING INCOME, COLUMN A - 8570.0, COLUMN B - , COLUMN C - , COLUMN D - , COLUMN E - , COLUMN F - 8570.0; DESCRIPTION - GAMING INCOME, COLUMN A - , COLUMN B - , COLUMN C - , COLUMN D - , COLUMN E - 195.0, COLUMN F - 195.0; RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 69550 0 X X X false 70671202 2323004 8572098 1817019 2042018 354952 77352315 77946162 922362 -2263886 2853791 2858415 221230 70671202 79152697 1779835 1267399 1700074 1960010 593685 77946162 68691610 2373016 12040301 1565602 1803733 582895 79152697 61820875 3219238 7741764 1531572 2051922 506773 68691610 0.0403 0.7999 0.1598 false false 3784810 3784810 115538324 45316898 70221426 3347805 2563079 784726 15058160 11316687 3741473 5586982 2456705 3130277 81662712 Private Equity Funds 3560014 F Hedge Funds 12518483 F Real Estate Funds 772579 F 16851076 REMAINDER INTEREST IN LIFE INCOME TRUST 991849 BENEFICIAL INTEREST IN PERPETUAL TRUST 16360884 PREPAID BOND COSTS 17352733 CAPITAL LEASE OBLIGATIONS AGENCY FUNDS HELD FOR OTHER 41738 ANNUITIES PAYABLE 817081 US GOVERNMENT REFUNDABLE ADVANCES 1314892 ACCRUED POST RETIREMENT LIABILITY 464116 2637827 X 50229030 4095727 0 0 1272348 5368075 44860955 358858 17232330 17591188 62452143 40722422 0 0 0 0 40722422 358858 16887541 17246399 57968821 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 academic 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 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, 2017 and 2016. 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, 2017 and 2016. The College does not expect the total amount of unrecognized tax benefits to significantly change in the next 12 months. Schedule D, Part XI, Line 2(d) Other revenues in audited financial statements not in form 990 Change in perpetual trusts held by others - 1272348 Schedule D, Part XI, Line 4(b) Other revenues in form 990 not in audited financial statements Financial Aid Discount - 16748228 Actuarial adjustment of split intrest agreement - 445230 Postretirement liability related to changes other than periodic costs - 38872 Schedule D, Part XII, Line 4(b) Other expenses in form 990 not in audited financial statements Financial Aid Discount - 16748228 Write off of uncollectible pledges - 139313 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, 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. Schedule E, Part I, Line 6(a) FINANCIAL AID OR ASSISTANCE FROM A GOVERNMENT 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 ADMISSION 45250 Central America and the Caribbean 0 0 Investments 16706278 1 2 0 0 1 2 16751528 0 16751528 true false true false true false true MARIETTA COLLEGE GRANTS 901 7128932 MARIETTA COLLEGE SCHOLARSHIPS 633 8199944 GIFT ENDOWED SCHOLARSHIPS 181 1378161 GIFT SUPPORTED SCHOLARSHIPS 37 98806 PRIZES & AWARDS 45 25971 Schedule I, Part I, Line 2 Procedures for monitoring use of grant funds. 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 true false false false false false false false false William Ruud President (started July 2016) 172287 0 40225 0 2123 0 32000 0 20015 0 266650 0 0 0 Joseph Bruno President (through Sept. 2016) 102119 0 95000 0 105933 0 4167 0 19936 0 327155 0 0 0 Daniel Bryant Treasurer & VP Finance & Adm (through Dec. 2016) 173534 0 169950 0 1308 0 7035 0 7417 0 359244 0 0 0 Janet Bland Provost 152943 0 0 0 674 0 4858 0 18985 0 177460 0 0 0 Dave Freeman Professor/ Dept. Chair 123586 0 0 0 671 0 4943 0 35740 0 164940 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. Schedule J, Part I, Line 4a Severance or change-of-control payment Joseph Bruno, President, received a severance payment in the amount of $104,167. A Ohio Higher Educational Facility Commission 346849674 2014-11-20 39355231 SEE STATEMENT false false false A 5518737 0 39355231 0 0 0 0 0 0 0 39355231 0 2014 true false false true A false false true true false 0.0059 0.0 0.0059 false false true A false true false false true false false false true A true Schedule K, Part I, Column (f) DESCRIPTION OF PURPOSE ISSUER NAME: OHIO HIGHER ED The Issue was issued to current refund the following bond issues: i. Ohio Higher Educational Facility Commission Higher Educational Facility Variable Rate Revenue Bonds (Marietta College 2004 Project), which were issued on December 2, 2004. ii. Ohio Higher Educational Facility Commission Higher Educational Facility Variable Rate Revenue Bonds (Marietta College 2007 Project), which were issued on April 26, 2007. iii. Ohio Higher Educational Facility Commission Higher Educational Facility Revenue Bonds (Marietta College 2011 Project) (reissuance under Code Section 1001), which were originally issued on May 25, 2011. See Part V Discounted Tuition 65312 Discounted Tuition Tuition Assistance EMILY SCHUCK DAUGHTER OF SECRETARY William Donnelly 114543 COMPENSATION false GAIL MILONE DAUGHTER-IN-LAW OF MICHAEL MILONE, TRUSTEE 26780 COMPENSATION false Schedule L, Part III Grants or assistance benefiting interested persons During Fiscal Year 2017, $65,312 of discounted tuition was received by family members of interested persons. Schedule L, Part III, Column (a) Name of Interested Person and Relationship Colleges, Universities, and Primary and secondary schools are not required to identify interested persons to whom they provided scholarships, fellowships, and similar financial assistance. Pursuant to the instructions to Form 990, Sch L, Part III, columns (A) and (B) have been left blank. X 2 69550 Opinions of experts X MOV Alumni Event - PCC 1 3494 Cost X Pioneer Golf Challege 1 650 Cost X Queen Ann Colonial Mirror 1 600 Cost X Fitness Center shelf and installation 1 100 Cost X Dinner at Regatta 1 175 Cost X Baseball team dinner in Port Charlotte 1 1189 Cost X Misc. items for Music Dept. 1 6755 Cost X Pioneer Golf Challege - misc. items, labor, and meals 1 750 Cost X Pioneer Golf Challenge - green fees and carts 1 2400 Cost X Radio advertising 1 22500 Cost X MOV Alumni Event - North End Tavern 1 300 Cost X Use of People's Bank Theatre for Music Dept. 1 1775 Cost X Alumni Gathering - The Club at Carlton Woods 1 7192 Cost X Pioneer Gold Challege - Custom graphite driver and cover 1 250 Cost X Batting and pitching cages for Softball 1 4830 Cost 0 false true false Schedule M, Part I Explanations of reporting method for number of contributions Other - MOV Alumni Event - PCC Number of contributions Other - Pioneer Golf Challege Number of contributions Other - Queen Ann Colonial Mirror Number of contributions Other - Fitness Center shelf and installation Number of contributions Other - Dinner at Regatta Number of contributions Other - Baseball team dinner in Port Charlotte Number of contributions Other - Misc. items for Music Dept. Number of contributions Other - Pioneer Golf Challege - misc. items, labor, and meals Number of contributions Other - Pioneer Golf Challenge - green fees and carts Number of contributions Art - Works of art - Misc. Art Number of contributions Other - Radio advertising Number of contributions Other - MOV Alumni Event - North End Tavern Number of contributions Other - Use of People's Bank Theatre for Music Dept. Number of contributions Other - Alumni Gathering - The Club at Carlton Woods Number of contributions Other - Pioneer Gold Challege - Custom graphite driver and cover Number of contributions Other - Batting and pitching cages for Softball Number of contributions 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 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. Form 990, Part VI, Line 2 Family/business relationships amongst interested persons TONI ROBINSON-SMITH - Family relationship, EDGAR L. SMITH, JR. - Family 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 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. 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 also 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 & University Professional Association for Human Resources) for reasonableness. The process is undertaken annually Form 990, Part VI, Line 15b Process to establish compensation of other employees 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. Form 990, Part VI, Line 19 Required documents available to the public Available at main address or provided in electronic format upon request. Form 990, Part XI, Line 9 Other changes in net assets or fund balances Change in perpetual trusts held by others - 1272348; Actuarial adjustment of split interest agreements - -445230; Postretirement liability related changes other than periodic costs - -38872; Bad Debt Expense on Pledges - 139313; Charitable Remainder Trust (9) 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