2017-05-12T08:45:16-05:00 2016-06-30 410746749 CLIFTONLARSONALLEN LLP 300 CROWN COLONY DRIVE SUITE 310 QUINCY MA 02169 990 2015-07-01 030179593 MARLBORO COLLEGE MARL 8022517607 2582 SOUTH ROAD PO BOX A MARLBORO VT 05344 KEVIN FF QUIGLEY PRESIDENT 8022517607 2017-05-04 1 JUDY DALEY P01294075 6179848100 2017-05-03 2015 2021-01-29 14:40:06Z KEVIN FF QUIGLEY 2582 SOUTH ROAD PO BOX A MARLBORO VT 05344 23445118 0 X WWW.MARLBORO.EDU X 1946 VT TO PROVIDE RESPONSIVE, INNOVATIVE UNDERGRADUATE AND GRADUATE EDUCATION. 24 23 401 20 -11196 -12522 6412090 3666950 10831549 10349580 1150647 891444 575088 635605 18969374 15543579 4248464 3994416 0 0 9093478 8451960 0 0 326664 6261777 5976928 19603719 18423304 -634345 -2879725 66561018 61964486 6864860 6411059 59696158 55553427 X PLEASE SEE SCHEDULE O FOR MARLBORO COLLEGE'S MISSION STATEMENT.THE GOAL OF THE UNDERGRADUATE PROGRAM AT MARLBORO COLLEGE IS TO TEACH STUDENTS TO THINK CLEARLY AND TO LEARN INDEPENDENTLY THROUGH ENGAGEMENT IN A STRUCTURED PROGRAM OF LIBERAL STUDIES. STUDENTS ARE EXPECTED TO DEVELOP A COMMAND OF CONCISE AND CORRECT ENGLISH AND TO STRIVE FOR ACADEMIC EXCELLENCE INFORMED BY INTELLECTUAL AND ARTISTIC CREATIVITY; THEY ARE ENCOURAGED TO ACQUIRE A PASSION FOR LEARNING, DISCERNING JUDGMENT AND A GLOBAL PERSPECTIVE. THE COLLEGE PROMOTES INDEPENDENCE BY REQUIRING STUDENTS TO PARTICIPATE IN THE PLANNING OF THEIR OWN PROGRAMS OF STUDY AND TO ACT RESPONSIBLY WITHIN A SELF-GOVERNING COMMUNITY.THE MISSION OF MARLBORO COLLEGE GRADUATE AND PROFESSIONAL STUDIES PROGRAM IS TO OFFER RESPONSIVE, INNOVATIVE EDUCATION OF THE HIGHEST STANDARD IN PROFESSIONAL STUDIES IN THE TOPIC AREAS OF MANAGEMENT, TECHNOLOGY, AND TEACHING. THE EDUCATIONAL PRACTICE OF THE GRADUATE PROGRAM FOSTERS THE DEVELOPMENT OF CRITICAL T 0 0 11757719 3994416 10443240 EDUCATION - LOCATED IN MARLBORO AND BRATTLEBORO, VERMONT, THE COLLEGE PROVIDES POST-SECONDARY UNDERGRADUATE LIBERAL ARTS STUDIES TO APPROXIMATELY 180 UNDERGRADUATE STUDENTS AND GRADUATE STUDIES IN MANAGEMENT, TECHNOLOGY AND TEACHING TO APPROXIMATELY 70 GRADUATE STUDENTS. 11757719 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 1 1 0 1 0 1 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 1 124 0 401 1 1 1 0 0 0 0 0 0 0 0 0 X 24 23 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 0 1 1 0 X ANNE PRATT 8022517607 2582 SOUTH ROAD MARLBORO VT 05344 KEVIN FF QUIGLEY PRESIDENT (AS OF 07/2015) 40.00 X X 104615 0 5000 RICHARD H SAUDEK CHAIR 1.00 X X 0 0 0 KRISTEN A NEWCOMER VICE CHAIR 1.00 X X 0 0 0 D EDWARD SMYTH VICE CHAIR 1.00 X X 0 0 0 PHILLIP STECKLER III TREASURER 1.00 X X 0 0 0 ELIZABETH J MCCORMACK ARON LIFE TRUSTEE 1.00 X 0 0 0 JOHN WY CHAN TRUSTEE 1.00 X 0 0 0 MICHAEL DELAURENTIS TRUSTEE 1.00 X 0 0 0 ANGELA SMITH DOMZAL TRUSTEE 1.00 X 0 0 0 DENA S DAVIS TRUSTEE 1.00 X 0 0 0 KAREN DAVIS TRUSTEE 1.00 X 0 0 0 GRETCHEN H GERZINA TRUSTEE 1.00 X 0 0 0 ELIZABETH D GLENSHAW TRUSTEE 1.00 X 0 0 0 J BARTON GOODWIN TRUSTEE 1.00 X 0 0 0 ARTHUR HOLCOMBE TRUSTEE 1.00 X 0 0 0 WOLF KAHN TRUSTEE 1.00 X 0 0 0 PETER T MALLARY TRUSTEE 1.00 X 0 0 0 KIRSTEN MALONE TRUSTEE 1.00 X 0 0 0 DEAN R NICYPER TRUSTEE 1.00 X 0 0 0 HONGPING TIAN TRUSTEE 1.00 X 0 0 0 EDWARD E WENDELL JR TRUSTEE 1.00 X 0 0 0 MARTA WILLGOOSE TRUSTEE 1.00 X 0 0 0 MARA WILLIAMS TRUSTEE 1.00 X 0 0 0 PETER H ZAMORE TRUSTEE 1.00 X 0 0 0 ELLEN MCCULLOCH-LOVELL FORMER PRESIDENT (UNTIL 06/2015) 40.00 X 207351 0 8646 311966 0 13646 2 1 1 0 INGRAM CONSTRUCTION CORP INC PO BOX 593 WEST SWANZEY NH 03469 CONSTRUCTION 1586921 COURTLAND CONSTRUCTION INC 11 WELCOME HILL ROAD WEST CHESTERFIELD NH 03466 CONSTRUCTION 711100 METZ AND ASSOCIATES LTD TWO WOODLAND DRIVE DALLAS PA 18612 FOOD SERVICE 681091 CHESAPEAKE ASSET MANAGEMENT LLC ONE ROCKEFELLER PLAZA NEW YORK NY 10020 INVESTMENT MANAGER 158648 4 74350 3592600 1203642 3666950 TUITION & FEES 611310 8613734 8613734 AUXILIARY ENTERPRISES 611710 1735846 1735846 10349580 266702 -11196 277898 1023506 481561 541945 541945 541945 7961409 83311 7349167 70811 612242 12500 624742 624742 OTHER INCOME 900099 93660 93660 93660 15543579 10443240 -11196 1444585 3994416 3994416 109615 109615 6629036 4685949 1783887 159200 222619 222619 1014360 183108 831252 476330 330835 134080 11415 3958 185 3773 70200 70200 447517 442325 5192 1174370 857654 315966 750 154131 10908 143223 383823 64499 238975 80349 29255 3995 19488 5772 683973 128626 554315 1032 387416 313048 60435 13933 33201 9754 22252 1195 142581 142581 808762 808762 264250 75 264175 FOOD EXPENSES 649035 649035 SUPPLIES AND BOOKS 197859 197859 FUNCTION EXPENSE 95510 95510 MAINTENANCE EXPENSE 84491 84491 366596 232263 86507 47826 18423304 11757719 6338921 326664 344677 1608106 7382786 5211668 741948 308926 155182 183207 161752 93021 55264 162259 38494312 16140325 20327248 22353987 4884500 3186074 32008767 28356882 498894 500356 66561018 61964486 1856196 1814789 666966 488830 1560000 0 2579237 3898970 202461 208470 6864860 6411059 X 15065312 16920073 14198272 8136257 30432574 30497097 59696158 55553427 66561018 61964486 X -2879725 -1265658 2652 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 39231836 65524 -687117 3500875 35109368 40420784 1372781 1727482 4289211 39231836 37168064 505057 5223639 2475976 40420784 36740229 299798 4109834 3981797 37168064 40074198 324414 -1342398 2315985 36740229 0.00000 0.86850 0.13150 0 0 1373289 1373289 24446337 9926945 14519392 8654074 6190696 2463378 4020612 22684 3997928 22353987 ALTERNATIVE INVESTMENTS 28356882 C 28356882 ENVIRONMENTAL REMEDIATION LIABILITY 169083 DISCOUNT FOR FUTURE INTEREST 39387 208470 X 10474301 -1265658 484213 -781445 11255746 293417 3994416 4287833 15543579 14617032 481561 481561 14135471 293417 3994416 4287833 18423304 PART V, LINE 4: THE COLLEGE'S ENDOWMENT CONSISTS OF FUNDS ESTABLISHED FOR A VARIETY OF PURPOSES TO SUPPORT THE COLLEGE'S MISSION. ITS ENDOWMENT INCLUDES BOTH DONOR-RESTRICTED ENDOWMENT FUNDS AND FUNDS DESIGNATED BY THE BOARD OF TRUSTEES TO FUNCTION AS ENDOWMENTS. PART X, LINE 2: THE COLLEGE IS A NONPROFIT CORPORATION AS DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (IRC) AND IS GENERALLY EXEMPT FROM INCOME TAXES ON RELATED INCOME PURSUANT TO SECTION 501(A) OF THE IRC. THE COLLEGE HAS ADOPTED A POLICY THAT CLARIFIED THE ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES RECOGNIZED IN AN ORGANIZATION'S FINANCIAL STATEMENTS. THE POLICY PRESCRIBES A RECOGNITION THRESHOLD AND MEASUREMENT PRINCIPLES FOR THE FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT OF TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN ON A TAX RETURN THAT ARE NOT CERTAIN TO BE REALIZED. THE IMPLEMENTATION OF THIS POLICY HAD NO MATERIAL IMPACT ON THE COLLEGE'S FINANCIAL STATEMENTS. THE COLLEGE FILES AS A TAX EXEMPT ORGANIZATION. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN VALUE OF SPLIT-INTEREST AGREEMENTS 2,652. RECLASS OF RENTAL EXPENSES 481,561. PART XI, LINE 4B - OTHER ADJUSTMENTS: RECLASS OF SCHOLARSHIPS 3,994,416. PART XII, LINE 2D - OTHER ADJUSTMENTS: RECLASS OF RENTAL EXPENSES 481,561. PART XII, LINE 4B - OTHER ADJUSTMENTS: RECLASS OF SCHOLARSHIPS 3,994,416. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 THE COLLEGE'S NONDISCRIMINATORY POLICY IS PUBLISHED IN THE COLLEGE'S CATALOGUE, STUDENT HANDBOOK AND ITS WEBSITE. SCHEDULE E, PART I, LINE 6 THE ORGANIZATION RECEIVES FEDERAL AND STATE GOVERNMENT GRANT FUNDS. CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, 0 0 INVESTMENTS 10703644 EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM 0 0 INVESTMENTS 2327676 0 0 0 0 0 0 13031320 0 13031320 1 0 1 1 1 0 FORM 990, SCH.F, PART I, LINE 3: THE ORGANIZATION MAINTAINS RECORDS OF ITS FOREIGN ALTERNATIVE INVESTMENTS. 1 SCHOLARSHIPS 226 3994416 FINANCIAL AID PART I, LINE 2: THE STUDENTS MUST APPLY FOR THE GRANTS AND MEET THE REQUIREMENTS OF THE VARIOUS GRANTS. THE PROCESS BY WHICH EACH GRANT IS AWARDED AND MONITORED IS FORMALIZED IN A POLICY WHICH IS UPDATED BY THE DIRECTOR OF FINANCIAL AID. X X 0 0 0 0 0 0 0 0 0 ELLEN MCCULLOCH-LOVELL FORMER PRESIDENT (UNTIL 06/2015) 129949 0 40000 0 37402 0 4385 0 4261 0 215997 0 0 0 X 6 1203642 FMV 0 0 0 FORM 990, PART VI, SECTION A, LINE 1 THE ORGANIZATION HAS AN EXECUTIVE COMMITTEE WHICH CONSISTS OF THE CHAIRMAN, VICE CHAIRMAN, TREASURER, AND CLERK OF THE GOVERNING BODY. THE ROLE OF THE EXECUTIVE COMMITTEE IS TO ADVISE THE PRESIDENT BETWEEN MEETINGS AND OCCASIONALLY MAKE DECISIONS ON BEHALF OF THE BOARD, WHEN THE MATTER IS URGENT AND IT IS NOT FEASIBLE FOR THE ENTIRE BOARD TO CONSIDER THE MATTER. ON FEBRUARY 5, 2011, TRUSTEES VOTED TO ALLOW THE EXECUTIVE COMMITTEE TO VOTE WITH THE PROVISION THAT ANY DECISION IS THEN CONVEYED TO THE BOARD AND THE BOARD COULD RECONSIDER IT AT THE NEXT MEETING. FORM 990, PART VI, SECTION B, LINE 11 THE PRESIDENT AND CHIEF FINANCIAL OFFICER REVIEW THE FORM 990 PRIOR TO A REVIEW BY THE AUDIT COMMITTEE. THE AUDIT COMMITTEE REVIEWS AND APPROVES THE FORM 990 PRIOR TO FILING. ONCE THIS PROCESS IS COMPLETE, THE COMPLETE FORM 990 IS THEN PROVIDED TO THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 12C EACH MEMBER OF THE GOVERNING BODY AND OFFICERS OF THE ORGANIZATION ARE REQUIRED TO REVIEW AND SIGN A DOCUMENT REGARDING COMPLIANCE WITH THE COLLEGE'S CONFLICT OF INTEREST POLICY. THE PRESIDENT'S ASSISTANT MONITORS COMPLIANCE ON BEHALF OF THE BOARD. THE BOARD IS RESPONSIBLE FOR ENFORCEMENT ACTION ON THE POLICY. SHOULD ANY CONFLICT BE IDENTIFIED, THE INDIVIDUAL WOULD NOT PARTICIPATE IN THE DISCUSSION OR VOTING ON THE ISSUE. FORM 990, PART VI, SECTION B, LINE 15 THE EXECUTIVE COMMITTEE REVIEWS THE PRESIDENT'S COMPENSATION PACKAGE AND UTILIZES THE APPROPRIATE COMPARABILITY DATA WHEN ESTABLISHING THE COMPENSATION PACKAGE. THE EXECUTIVE COMMITTEE REVIEWS THE COMPENSATION PACKAGE FOR OFFICERS AND KEY EMPLOYEES AND UTILIZES THE APPROPRIATE COMPARABILITY DATA WHEN ESTABLISHING THE COMPENSATION PACKAGE. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: CHANGE IN SPLIT-INTEREST AGREEMENTS 2,652. CHARITABLE REMAINDER UNITRUST (1) CHARITABLE FUNDING VT 0 POOLED INCOME FUNDS (1) CHARITABLE FUNDING VT 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0