2016-05-13T16:34:38-05:00 2015-06-30 420714325 RSM US LLP 1001 Lakeside Avenue E Suite 200 Cleveland OH 441141152 990 2014-07-01 340714654 The College of Wooster COLL 3302632018 1101 North Bever Street Wooster OH 44691 Deanna S McCormick VP Finance&Business/Treasurer 3302632018 2016-05-12 1 Zachary Fortsch P00052725 2165231900 2014 2016-08-17 19:52:53Z Georgia Nugent 1101 North Bever Street Wooster OH 44691 204102809 0 X www.wooster.edu X 1866 OH The College of Wooster is a community of independent minds, working together to prepare students to become leaders of character and influence in an interdependent global community. 39 38 2442 1336 467234 21491 21899095 48676266 109779083 112340194 11944756 16475171 43885 53595 143666819 177545226 46899660 48021998 0 0 52792417 55514240 88350 24400 4637207 33732926 34836946 133513353 138397584 10153466 39147642 498598176 528769973 58270562 57793475 440327614 470976498 X The College of Wooster is a community of independent minds, working together to prepare students to become leaders of character and influence in an interdependent global community. We engage motivated students in a rigorous and dynamic liberal education. Mentored by a faculty nationally recognized for excellence in teaching, Wooster graduates are creative and independent thinkers with exceptional abilities to ask important questions, research complex issues, solve problems, and communicate new knowledge and insight. 0 0 75148220 46211169 86654944 Instruction - The College of Wooster is a liberal arts institution that engages motivated students in a rigorous and dynamic liberal education. Students are mentored by a faculty nationally recognized for excellence in teaching. Wooster graduates are creative and independent thinkers with exceptional abilities to ask important questions, research complex issues, solve problems, and communicate new knowledge and insight.The College of Wooster awarded scholarships to 1,979 undergraduate students, averaging $23,469 per student, to assist in meeting calculated financial need. 19581249 1358232 1263145 Student Services - The College of Wooster supports the holistic growth and development of students through meaningful experiences that foster leadership, social and multi-cultural interactions, and community building. The College's 120 student organizations and 21 athletic teams reflect the wide range of student interests, ideas, hobbies, and passions. 19003455 22257861 Auxiliary Services - The College of Wooster is a residential campus with over 99% of enrolled students residing in a residence hall or program house. The Office of Residence Life manages 14 residence halls and 30 program houses. Students have several theme options available including cross cultural learning experiences, Luce language suites, independent senior housing, and Greek housing. 11844421 452597 2164244 Research Programs, Public & Academic Support 11844421 452597 2164244 125577345 1 1 0 0 0 0 0 1 0 1 1 1 0 0 1 1 0 1 1 1 1 0 1 1 0 0 0 1 1 1 1 0 0 0 0 0 0 0 0 1 1 1 1 0 0 1 1 1 0 0 0 1 2508 0 1 2442 1 1 1 0 0 0 0 0 0 0 0 0 X 39 38 0 0 0 0 0 0 0 1 1 0 1 1 1 1 1 1 1 1 1 1 0 AK AZ CO KY MD MA MI NH NY OH OK SC WA X Eileen Walker 3302632018 1101 North Bever Street Wooster OH 44691 William A Longbrake Trustee/Board Chair 8.00 X X 0 0 0 William V Andrew Trustee 1.50 X 0 0 0 Sandeep Bhatia Trustee 1.50 X 0 0 0 Richard A Bowers Trustee 1.50 X 0 0 0 Douglas F Brush Trustee/Committee Chair 5.00 X 0 0 0 Joan P Carter Trustee 1.50 X 0 0 0 Jayne Hart Chambers Trustee/Committee Chair 5.00 X 0 0 0 Jim DeRose Trustee 1.50 X 0 0 0 Doon A Foster Trustee 1.50 X 0 0 0 Donald R Frederico Trustee 1.50 X 0 0 0 Stephen C Gault Trustee/Committee Chair 5.00 X 0 0 0 Thomas R Gibian Trustee 1.50 X 0 0 0 David H Gunning Trustee 1.50 X 0 0 0 Diane L Hamburger Trustee 1.50 X 0 0 0 Jennifer A Haverkamp Trustee/Committee Chair 5.00 X 0 0 0 Leslie Hudson Trustee 1.50 X 0 0 0 Jeffrey Keefer Trustee/Committee Chair 5.00 X 0 0 0 Julia H Klein Trustee 1.50 X 0 0 0 John W Kneen Trustee 1.50 X 0 0 0 Donald L Kohn Trustee/Committee Chair 5.00 X 0 0 0 Michael R Lauber Trustee 1.50 X 0 0 0 Lee E Limbird Trustee 1.50 X 0 0 0 Karen M Lockwood Trustee/Committee Chair 5.00 X 0 0 0 Gregory A Long Trustee/Committee Chair 5.00 X 0 0 0 Lynne D McCreight Trustee 1.50 X 0 0 0 E Blake Moore Jr Trustee 1.50 X 0 0 0 Mary A Neagoy Trustee/Committee Co-Chair 2.50 X 0 0 0 Solomon Oliver Jr Trustee/Committee Co-Chair 2.50 X 0 0 0 Charles S Ryan Trustee 1.50 X 0 0 0 Jennifer E Saliers Alumni Trustee 1.50 X 0 0 0 Mikael Salovaara Trustee 1.50 X 0 0 0 Robert L Savitt Trustee 1.50 X 0 0 0 Richard N Seaman Trustee 1.50 X 0 0 0 Kenneth Shafer Trustee 1.50 X 0 0 0 Marianne M Sprague Trustee/Committee Chair 5.00 X 0 0 0 Sally J Staley Trustee 1.50 X 0 0 0 Peter E Sundman Trustee/Committee Chair 5.00 X 0 0 0 Robert Tull Trustee 1.50 X 0 0 0 Grant H Cornwell Trustee/President 70.00 X X 423764 0 111199 Scott Friedhoff VP for Enrollment/College Relations 60.00 X 247181 0 52160 Laurie Houck VP Development & Alumni Relations 60.00 X 222769 0 31191 Angela Johnston Secretary of College &Chief of Staff 60.00 X 92249 0 82335 Deanna S McCormick VP Finance & Business/Treasurer 60.00 X 163816 0 21838 Carolyn Newton Provost 60.00 X 205422 0 39616 Ellen Falduto Chief Information & Planning Officer 60.00 X 157715 0 27643 Jennifer D Winge Dean of Admission 40.00 X 147221 0 23103 W Hayden Schilling Professor of History 40.00 X 138413 0 30639 John W Sell Professor of Economics 40.00 X 134090 0 30839 John Ramsay Associate Dean/ Professor 40.00 X 127316 0 15005 Marcia Ann Beasley Associate VP Human Resources 40.00 X 126874 0 57630 2186830 0 523198 30 0 1 0 BCMC PO Box 422 Wooster OH 44691 Construction/project related 2422322 Monticello Associates Inc 1800 Larimer St Ste 2100 Denver CO 80202 Investment Consulting 450000 Royall & Company 1920 E Partham Rd Richmond VA 23228 Admissions Recruiting 315752 Swiss Woodcraft Inc 15 Industrial St Rittman OH 44270 Construction/project related 226236 The Smith and Oby Company 7676 Northfield Rd Walton Hills OH 44146 Power Plant Conversion 180952 11 52500 8938 955162 47659666 2555336 48676266 Tuition and Fees 900099 86461377 86461377 Room & Board 721000 20466786 20466786 Student Auxiliary Services 451211 1791074 509392 443256 838426 Student Services 900099 1654529 1654529 Community Events 900099 902424 902424 1064004 1064004 112340194 2217720 19283 2198437 590 590 101918 4695 53608 0 48310 4695 53005 4695 48310 17221965 23539461 13704339 12799636 3517626 10739825 14257451 14257451 177545226 111058512 467234 17343214 39483 39483 43910420 43910420 4072095 4072095 2349546 822940 1111811 414795 36560338 32607733 2007434 1945171 3385030 2975263 218537 191230 10567463 8767086 1274798 525579 2651863 2322713 165551 163599 74009 45030 28534 445 92337 92337 24400 24400 891470 8634 882836 2348111 1872178 202799 273134 221681 115594 105074 1013 3266192 2734143 200299 331750 1587102 1114429 443572 29101 58466 56230 2236 3025703 2907364 88486 29853 2418182 1838006 128592 451584 704255 581376 74017 48862 879563 813026 60726 5811 8448767 7766279 620801 61687 52680 40551 2000 10129 Cost of Goods Sold 3438942 3419144 19798 Off-campus Programs 2577757 2577757 Repairs & Maintenance 1556708 1436222 109213 11273 Equipment 1078610 1011380 55382 11848 2116411 1722269 288199 105943 138397584 125577345 8183032 4637207 14801 12378 13064658 6189676 14109224 42240020 690722 1019073 43200 29079 601543 625025 865036 973760 243762168 101319165 147797472 142443003 151533342 166111043 159545217 159016957 2793204 2764973 7539757 7344986 498598176 528769973 9022168 8979669 1896868 2035653 26588768 24442224 101392 53981 20661366 22281948 58270562 57793475 X 248837937 242144400 69968932 90709596 121520745 138122502 440327614 470976498 498598176 528769973 39147642 -8498758 0 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 449754 X X X X 0 278112603 8780985 6696248 13136354 280453482 247092897 3445945 38672899 11099138 278112603 230935031 4406883 26767919 15016936 247092897 246688529 2884168 -6769426 11868240 230935031 223981868 2673503 32489920 12456762 246688529 0.42900 0.42980 0.14120 0 0 2734374 2734374 407314 104369778 40573979 64203113 23298 92711539 30682034 62052803 32477827 22546941 9930886 11038038 7516211 3521827 142443003 Partnerships 159016957 F 159016957 Advances from Government for Student Loans 4133427 Accrued Charitable Gift Annuity and Trust Obligations 8533428 Asset Retirement Obligation 2880793 Accrued Postretirement Benefit Obligation 6734300 22281948 X Part III, Line 4: The College's collection includes contemporary art, ancient pottery, ethnographic materials, rare books, geological rocks, biological specimens, and historical items. These items are held for education, research, scientific inquiry, and public exhibition. Part V, Line 4: The College's endowment consists of approximately 1,200 individual funds established for a variety of purposes. The endowment includes both donor-restricted endowment funds and funds designated by the Board of Trustees to function as endowments (board-designated endowment funds). In accordance with GAAP, net assets associated with endowment funds are classified and reported based on the existence or absence of donor-imposed restrictions. The College has interpreted Ohio's enacted version of UPMIFA as requiring the preservation of the fair value of the original gift as of the gift date absent explicit donor instructions to the contrary. The College classifies as permanently restricted net assets the original gift value plus the value of subsequent gifts to the permanent endowment. The permanent endowment is not reduced by losses on the investments, except to the extent required by the donor, or by appropriations from the endowment fund. The accumulated portion of a donor-restricted fund that is not permanently restricted is classified as temporarily restricted net assets until appropriated for expenditure by the College in a manner consistent with the standard of prudence prescribed by Ohio's enacted version of UPMIFA. Appropriations from the endowment are used to support scholarships and loans, faculty and academic program support, student awards and prizes, and the general operations of the College. Part X, Line 2: The College qualifies as an organization exempt from Federal income taxation under Section 501(c)(3) of the Internal Revenue Code. As such, the College is generally not subject to federal or state income taxes except for amounts derived from unrelated business activities as defined by the IRC. The College adopted the accounting standard on accounting for uncertainty in income taxes, which addresses the determination of whether tax benefits claimed or expected to be claimed on a tax return should be recorded in the financial statements. Under this guidance, the College may recognize the tax benefit from an uncertain tax position only if it is more likely than not that the tax position will be sustained on examination by taxing authorities, based on the technical merits of the position. Examples of tax positions include the tax-exempt status of the College, the continued tax-exempt status of bonds issued by the College, and various positions related to the potential sources of unrelated business taxable income (UBIT). The tax benefits recognized in the financial statements from such a position are measured based on the largest benefit that has a greater than 50 percent likelihood of being realized upon ultimate settlement. The guidance on accounting for uncertainty in income taxes also addresses de-recognition, classification, interest and penalties on income taxes, and accounting in interim periods. At June 30, 2015 and 2014, there were no unrecognized tax benefits identified or recorded as liabilities. With few exceptions, the College is no longer subject to examinations by tax authorities for fiscal years prior to 2012. 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 is in compliance with Rev. Proc. 75-50. The College publishes its nondiscrimination policy in documents used for financial aid, admissions, and student programs, and has the policy posted on its website. Schedule E, Part I, Line 6 The College participates in various Federal Student Assistance programs including Perkins Loans, Pell Grants, and work study arrangements. 1 Central America and the Caribbean - Antigua & Barbuda, Aruba, Bahamas, 0 0 Investments 130238442 Central America and the Caribbean - Antigua & Barbuda, Aruba, Bahamas, 0 0 Grantmaking 90237 Central America and the Caribbean - Antigua & Barbuda, Aruba, Bahamas, 0 0 Program Services Student Services 2679 Central America and the Caribbean - Antigua & Barbuda, Aruba, Bahamas, 0 0 Program Services Academic Support 312 Central America and the Caribbean - Antigua & Barbuda, Aruba, Bahamas, 0 0 Program Services Research 7898 East Asia and the Pacific - Australia, Brunei, Burma, Cambodia, 0 0 Grantmaking 1956324 East Asia and the Pacific - Australia, Brunei, Burma, Cambodia, 0 0 Speaking Engagements 1731 East Asia and the Pacific - Australia, Brunei, Burma, Cambodia, 0 0 Program Services Academic Support 2205 East Asia and the Pacific - Australia, Brunei, Burma, Cambodia, 0 0 Program Services Instruction 500 East Asia and the Pacific - Australia, Brunei, Burma, Cambodia, 0 0 Program Services Research 263 East Asia and the Pacific - Australia, Brunei, Burma, Cambodia, 0 0 Program Services Student Services 43238 East Asia and the Pacific - Australia, Brunei, Burma, Cambodia, 0 0 Conference Travel 403 Europe (Including Iceland & Greenland) - Albania, Andorra, Austria, Belgium 0 0 Grantmaking 250196 Europe (Including Iceland & Greenland) - Albania, Andorra, Austria, Belgium 0 1 Fundraising 4913 Europe (Including Iceland & Greenland) - Albania, Andorra, Austria, Belgium 0 0 Speaking Engagements 28096 Europe (Including Iceland & Greenland) - Albania, Andorra, Austria, Belgium 0 0 Program Services Academic Support 62017 Europe (Including Iceland & Greenland) - Albania, Andorra, Austria, Belgium 0 0 Conference Travel 22133 Europe (Including Iceland & Greenland) - Albania, Andorra, Austria, Belgium 0 0 Program Services Research 19040 Europe (Including Iceland & Greenland) - Albania, Andorra, Austria, Belgium 0 1 Program Services Student Services 81688 Middle East and North Africa - Algeria, Bahrain, Djibouti, Egypt, 0 0 Grantmaking 113650 Middle East and North Africa - Algeria, Bahrain, Djibouti, Egypt, 0 0 Program Services Academic Support 336 Middle East and North Africa - Algeria, Bahrain, Djibouti, Egypt, 0 0 Program Services Research 2216 North America - Canada and Mexico, but but not the United States 0 0 Grantmaking 129500 North America - Canada and Mexico, but but not the United States 0 0 Conference Travel 6823 North America - Canada and Mexico, but but not the United States 0 0 Program Services Academic Support 1469 North America - Canada and Mexico, but but not the United States 0 0 Program Services Instruction 1013 North America - Canada and Mexico, but but not the United States 0 0 Program Services Research 5551 North America - Canada and Mexico, but but not the United States 0 0 Speaking Engagements 23676 Russia & the Newly Independent States - Armenia, Azerbijan, Belarus, 0 0 Grantmaking 65200 Russia & the Newly Independent States - Armenia, Azerbijan, Belarus, 0 1 Program Services Research 21156 Russia & the Newly Independent States - Armenia, Azerbijan, Belarus, 0 0 Program Services Academic Support 15 South America - Argentina, Bolivia, Brazil, Chile, Columbia, Ecuador, 0 0 Grantmaking 35500 South America - Argentina, Bolivia, Brazil, Chile, Columbia, Ecuador, 0 0 Speaking Engagements 751 South America - Argentina, Bolivia, Brazil, Chile, Columbia, Ecuador, 0 0 Program Services Academic Support 356 South America - Argentina, Bolivia, Brazil, Chile, Columbia, Ecuador, 0 0 Program Services Research 5559 South Asia - Afghanistan, Bangladesh, Bhutan, India, Maldives, Nepal, 0 0 Grantmaking 1054408 South Asia - Afghanistan, Bangladesh, Bhutan, India, Maldives, Nepal, 0 0 Fundraising 35312 South Asia - Afghanistan, Bangladesh, Bhutan, India, Maldives, Nepal, 0 1 Program Services Research 4525 South Asia - Afghanistan, Bangladesh, Bhutan, India, Maldives, Nepal, 0 1 Program Services Student Services 9170 Sub-Saharan Africa - Angola, Benin, Botswana, Burkina, Faso, 0 0 Grantmaking 376297 Sub-Saharan Africa - Angola, Benin, Botswana, Burkina, Faso, 0 0 Conference Travel 1381 Sub-Saharan Africa - Angola, Benin, Botswana, Burkina, Faso, 0 0 Program Services Academic Support 148 Sub-Saharan Africa - Angola, Benin, Botswana, Burkina, Faso, 0 0 Program Services Research 31250 Sub-Saharan Africa - Angola, Benin, Botswana, Burkina, Faso, 0 0 Program Services Student Services 205 Sub-Saharan Africa - Angola, Benin, Botswana, Burkina, Faso, 0 0 Speaking Engagements 896 0 0 0 5 0 5 132299828 2438850 134738678 Scholarships for tuition & fees East Asia and the Pacific - Australia, Brunei, Burma, Cambodia, 88 1951261 Credit to student account Scholarships for tuition & fees South Asia - Afghanistan, Bangladesh, Bhutan, India, Maldives, Nepal, 43 1052324 Credit to student account Scholarships for tuition & fees Sub-Saharan Africa - Angola, Benin, Botswana, Burkina, Faso, 13 368285 Credit to student account Scholarships for tuition & fees Europe (Including Iceland & Greenland) - Albania, Andorra, Austria, Belgiu 8 238470 Credit to student account Scholarships for tuition & fees Middle East and North Africa - Algeria, Bahrain, Djibouti, Egypt, 3 111450 Credit to student account Scholarships for tuition & fees North America - Canada and Mexico, but but not the United States 5 129500 Credit to student account Scholarships for tuition & fees Russia & the Newly Independent States - Armenia, Azerbijan, Belarus, 3 65200 Credit to student account Scholarships for tuition & fees Central America and the Caribbean - Antigua & Barbuda, Aruba, Bahamas, 4 86200 Credit to student account Student Research Europe (Including Iceland & Greenland) - Albania, Andorra, Austria, Belgiu 12 11126 Check Student Research East Asia and the Pacific - Australia, Brunei, Burma, Cambodia, 3 5063 Check 83 Travel FMV Vocational Grant for Student Sub-Saharan Africa - Angola, Benin, Botswana, Burkina, Faso, 1 2250 Check Student Research Central America and the Caribbean - Antigua & Barbuda, Aruba, Bahamas, 6 4037 Check 700 Travel FMV Student Research Sub-Saharan Africa - Angola, Benin, Botswana, Burkina, Faso, 3 5762 Check Vocational Grant for Student Europe (Including Iceland & Greenland) - Albania, Andorra, Austria, Belgiu 1 600 check Student Research Middle East and North Africa - Algeria, Bahrain, Djibouti, Egypt, 1 1350 Check Student Research South Asia - Afghanistan, Bangladesh, Bhutan, India, Maldives, Nepal, 2 2084 Check Vocational Grant for Student Middle East and North Africa - Algeria, Bahrain, Djibouti, Egypt, 1 850 Check Scholarship for Tuition & Fees South America - Argentina, Bolivia, Brazil, Chile, Columbia, Ecuador, 1 35500 Credit to student account 1 0 0 0 0 0 Part I, Line 2: The College follows federal, state, donor, and institutional guidelines for determining eligibility for scholarships, prizes, and other grants and awards. The College maintains records showing the selection criteria, recipient eligibility, how funds may be used, and any related party disclosures. Grants awarded by the Office of Financial Aid are credited directly to student accounts. Other grants are monitored in various ways, including reimbursing actual substantiated expenses, requiring written reports, and/or visiting sites of activities funded by College grants. Schedule F, Part I, Line 3 Method used to account for expenditures on organization's financial statements: Central America and the Caribbean: Accrual East Asia and the Pacific: Accrual Europe (Including Iceland and Greenland): Accrual Middle East and North Africa: Accrual North America (Canada & Mexico only): Accrual Russia and the newly independent states: Accrual South America: Accrual South Asia: Accrual Sub-Saharan Africa: Accrual Schedule F, Part III Method used to account for grants on organization's financial statements: Central America and the Caribbean: Accrual East Asia and the Pacific: Accrual Europe (Including Iceland and Greenland): Accrual Middle East and North Africa: Accrual North America (Canada & Mexico only): Accrual Russia & the Newly Independent States: Accrual South America: Accrual South Asia: Accrual Sub-Saharan Africa: Accrual X X X X X X X 1 Washburn & McGoldrick LLC 950 New Loudon Rd Suite 210 Latham NY 12110 Fundraising/ Campaign Counsel 0 0 24300 -24300 24300 -24300 AL AK AR CA CO CT FL GA HI IL KS KY LA ME MD MA MI MN MO MS NH NJ NM NY NC ND OH OK OR PA RI SC TN UT VA WA WV WI 1 City of Wooster 538 North Market Street Wooster OH 44691 346003129 Governmental Org. 10000 Operating Support Trinity United Church of Christ 150 East North Street Wooster OH 44691 340777657 501(c)(3) 6000 Campus ministry, Soup and Bread program Wooster YMCA 680 Woodland Avenue Wooster OH 44691 340766172 501(c)(3) 6000 Campus ministry, Soup and Bread program 3 0 Scholarships for Tuition and Fees 1890 43560657 Student Research 108 65539 6405 FMV Travel Prizes-Academic Achievement & Contests 239 60456 14366 FMV Books, jackets, and blankets Vocational Grants for Students 191 201687 1310 FMV Travel Part I, Line 2: The College follows federal, state, donor, and institutional guidelines for determining eligibility for scholarships, prizes, and other grants and awards. The College maintains records showing the selection criteria, recipient eligibility, how funds may be used, and any related party. Before paying grants to other entities, the College obtains documentation showing the recipient is eligible to receive deductible charitable contributions. Grants awarded by the Office of Financial Aid are credited directly to student accounts. Other grants are monitored various ways, including reimbursing actual substantiated expenses, requiring written reports, and/or visiting sites of activities funded by the College grants. X X X 1 1 X X X X 0 0 0 0 0 0 0 0 0 Grant H Cornwell Trustee/President 393595 0 0 0 30169 0 91110 0 20089 0 534963 0 0 0 Scott Friedhoff VP for Enrollment/College Relations 239133 0 0 0 8048 0 30213 0 21947 0 299341 0 0 0 Laurie Houck VP Development & Alumni Relations 221673 0 0 0 1096 0 22319 0 8872 0 253960 0 0 0 Angela Johnston Secretary of College &Chief of Staff 91915 0 0 0 334 0 11822 0 70513 0 174584 0 0 0 Deanna S McCormick VP Finance & Business/Treasurer 158750 0 0 0 5066 0 16125 0 5713 0 185654 0 0 0 Carolyn Newton Provost 202518 0 0 0 2904 0 24958 0 14658 0 245038 0 0 0 Ellen Falduto Chief Information & Planning Officer 156972 0 0 0 743 0 19130 0 8513 0 185358 0 0 0 Jennifer D Winge Dean of Admission 146925 0 0 0 296 0 14807 0 8296 0 170324 0 0 0 W Hayden Schilling Professor of History 123197 0 0 0 15216 0 15586 0 15053 0 169052 0 0 0 John W Sell Professor of Economics 131576 0 0 0 2514 0 16352 0 14487 0 164929 0 0 0 Marcia Ann Beasley Associate VP Human Resources 125833 0 0 0 1041 0 12583 0 45047 0 184504 0 0 0 Part I, Line 1a Tax indemnification and gross-up payments: -Grant H. Cornwell, President of the College, received taxable gross up payments in the amount of $9,483 for non cash benefits the College provided. Housing allowance or residence for personal use: -The College provided Grant H. Cornwell, the President, with a house on campus. The house is used substantially for college-related purposes including meetings with students and faculty, meetings with alumni and donors, and other similar events. None of the benefit was treated as taxable income to the President. Health or social club dues or initiation fees: -Grant H. Cornwell, the President, received a taxable benefit for country club expenses of $4,416. The President used the club mostly for college-related purposes, including entertaining prospective donors and trustees. A Ohio Higher Educational Facility Commission 346849674 67756BQW3 2005-12-28 15852223 Educational Facilities 1 0 0 B Ohio Higher Educational Facility Commission 346849674 67756AY55 2010-05-04 9953556 Educational Facilities 0 0 0 C Ohio Higher Educational Facility Commission 346849674 67756AGC2 2012-05-30 9182102 Educational Facilities 0 0 0 D Ohio Higher Educational Facility Commission 346849674 2013-04-09 5770000 Educational Facilities 0 0 0 A 8110000 5095000 15852223 550000 197223 15105000 2008 1 0 1 1 B 1840000 9953556 197350 9756206 2012 0 0 1 1 C 610000 9182102 3999686 182416 5000000 2013 0 1 1 1 D 245000 5770000 5697211 65270 7519 2014 0 1 1 1 A 0 0 0 0 0 0 1 B 0 0 0 0 0 0 1 C 0 0 0 0 0 0 1 D 0 0 0 0 0 0 1 A 0 0 0 1 0 0 0 0 1 B 0 0 0 1 0 0 0 0 1 C 0 1 0 0 0 0 0 0 1 D 0 1 0 0 0 0 0 0 1 D 0 Date Rebate Computation Performed Issuer Name: Ohio Higher Educational Facility Commission Date the Rebate Computation was Performed: 12/22/2015 Issuer Name: Ohio Higher Educational Facility Commission Date the Rebate Computation was Performed: 03/30/2015 Marguerite K Cornwell Spouse of President 137256 Compensation 0 X 131 2554438 FMV X Picnic table 1 897 Cost X Rotary trumpet 1 1 Other 0 0 1 0 Part I, Column (b): The Organization is reporting the number of contributions. Form 990, Part VI, Section B, line 11 The Board of Trustees has delegated the responsibility and authority for review of the Form 990 to the Audit Committee. The Audit Committee, with the assistance of the independent public accounting firm, reviews and approves the Form 990 before submission to the IRS. A full copy of the Form 990 is provided to all trustees prior to filing the form with the IRS. Form 990, Part VI, Section B, line 12c The College respects the right of its trustees, officers, faculty, and staff members to engage in outside business, financial, service, and/or other activities, recognizing that conflicts of interest do arise from time to time, and that these conflicts: 1. May result from the individual's relationships with outside organizations, persons, or causes reflecting the person's prominence, reputation, and influence, and 2. Need not be harmful, and, indeed may be favorable, to the College's interests, as long as they are disclosed and understood in the College's decision-making processes. Such real or apparent conflicts are not considered detrimental if: 1. They are fully disclosed to the appropriate designated senior staff member or the Audit Committee of the Board; 2. Their nature is known and understood by the individual's immediate supervisor and the appropriate senior staff member for faculty and staff employees, and the Audit Committee of the Board of Trustees for senior staff members, the president, and trustees; 3. Disclosure is made at the earliest practicable time; 4. The commitment of time to these activities does not interfere with the individual's duties; 5. The trustee or employee refrains from participating in College matters related to such activities; and 6. The trustee or employee always acts in a manner that fosters the objectives of the College's core mission to provide the best possible educational experience for Wooster's students, to provide the proper environment for faculty to teach, and to responsibly steward the College's financial, human, and physical resources. Conflict of interest questionnaires are completed annually by all trustees and each officer, senior staff, faculty, and staff member who is currently serving the College and who has authority to requisition, purchase, or contract for materials or services for the College, or who has responsibility for approving the same. The Chair of the Audit Committee reviews all questionnaires on an annual basis. The Conflict of Interest policy is reviewed annually by the Board of Trustees. The Audit Committee of the Board of Trustees reviews and approves all substantial, actual, or potential conflicting activities of the President and senior staff members. Senior staff members review and approve all substantial, actual, or potential conflicting activities of faculty and staff members. When there is a doubt as to whether a conflict of interest exists, the matter shall be resolved by the Provost's Office for faculty, the appropriate vice president for staff employees, and by the Audit Committee for senior staff members, the President, and trustees. Form 990, Part VI, Section B, line 15 The Executive Committee of the Board of Trustees reviews surveys conducted by the Great Lakes Colleges Association (GLCA) and joint payroll surveys conducted by the GLCA and Associated Colleges of the Midwest (ACM). Compensation arrangements for the President are reviewed and approved by independent members of the Executive Committee. The President's compensation is determined based on reference to the salary surveys and the President's job performance. Recommended compensation arrangements for other senior officers and staff are developed by the President in consultation with the Chairman of the Board and are based on the above-mentioned salary surveys, job performance, and experience in the position. These recommendations are presented to the full Executive Committee for discussion and approval. Compensation decisions made by the Executive Committee affecting the President and other senior officers are reported to the full Board of Trustees. Form 990, Part VI, Section C, line 18 The College filed its Form 1023 before July 15, 1987 and did not have a copy of this filing as of that date. Under the regulations of the Internal Revenue Code, the College is not required to make its Form 1023 available for public inspection. The Form 990 and Form 990-T are available upon request. Form 990, Part VI, Section C, line 19 The College posts its audited financial statements on the College website (www.wooster.edu). The College does not make its governing documents or conflict of interest policy available to the public. Wooster Technology Group LTD 1101 North Bever Street Wooster OH 44691 263895769 Holds Patents OH 11823 44268 The College of Wooster The Wooster Inn Management Company LTD 1101 North Bever Street Wooster OH 44691 264321151 Inn Management OH 19698 107141 The College of Wooster Great Lakes Colleges Association Inc 535 West William Ann Arbor MI 48103 381678376 Education Consortium MI 501(c)(3) Line 11a, I N/A 0 The Five Colleges of Ohio 209 Chase Avenue Eaton Center Gambier OH 43022 311440434 Education Consortium OH 501(c)(3) Line 11a, I N/A 0 Pooled Income Fund (2) Pooled Income Fund OH The College of Wooster T 1 Charitable Remainder Trust (5) Charitable Trust OH The College of Wooster T 1 Charitable Lead Trust (1) Charitable Trust OH The College of Wooster T 1 0 0 1 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 1