2016-05-13T10:26:38-05:00 2015-06-30 GRANT THORNTON LLP 2001 MARKET STREET SUITE 700 PHILADELPHIA PA 19103 990 2014-07-01 314379515 Muskingum University % PHILIP E LAUBE MUSK 7408268101 163 Stormont Street New Concord OH 43762 PHILIP E LAUBE VP of Bus & Finance 7408266121 2016-05-06 true Frank Giardini P00532355 2155614200 2014 2016-08-17 19:52:53Z philip e laube 163 STORMONT STREET NEW CONCORD OH 43762 92106917 false X www.muskingum.edu X 1837 OH Offer quality academic programs in the liberal arts and sciences in the setting of a residential, church- related University where individual fulfillment is encouraged. ATTCH 1 34 32 1242 909 67396 6379764 4068347 47332870 47947854 2106067 1784113 861121 796353 56679822 54596667 16438785 16772819 0 0 20160193 20496249 0 0 631526 15329950 15255149 51928928 52524217 4750894 2072450 145054292 151512421 16963149 22958518 128091143 128553903 THE MISSION OF MUSKINGUM UNIVERSITY IS TO OFFER QUALITY ACADEMIC PROGRAMS IN THE LIBERAL ARTS AND SCIENCES IN THE SETTING OF A RESIDENTIAL, COEDUCATIONAL, CHURCH-RELATED COLLEGE AND IN THE CONTEXT OF A CARING COMMUNITY WHERE INDIVIDUAL FULFILLMENT IS ENCOURAGED AND HUMAN DIGNITY IS RESPECTED. ITS PRIMARY PURPOSE IS TO DEVELOP- INTELLECTUALLY, SPIRITUALLY, SOCIALLY AND PHYSICALLY- WHOLE PERSONS, BY FOSTERING CRITICAL THINKING, POSITIVE ACTION, ETHICAL SENSITIVITY AND SPIRITUAL GROWTH, SO THAT THEY MAY LEAD VOCATIONALLY PRODUCTIVE, PERSONALLY SATISFYING AND SOCIALLY RESPONSIBLE LIVES. false false 41964261 16772819 41591056 The traditional undergraduate program consists of "traditional" students attending school as their primary activity, mostly full-time during the day-time hours. Programs include 59 academic majors, 9 pre-professional programs, including pre-medicine and pre-law; teacher licensure in 10 areas; and more than a dozen international exchange study programs in a number of countries. During the fiscal year ending June 30, 2015, there were 2,172 students enrolled in the undergraduate program. Also available is the professionally-staffed PLUS Program for students with learning disabilities. 3390244 6445491 The Graduate and Continuing Studies program consists of programs designed for those seeking post-graduate certification or those who have spent more than two years since completing any secondary or post-secondary work. Many balance their study with work and family responsibilities. Programs offered include Master of Arts in Education, with specializations; Master of Arts in Teaching, with specializations; Master of Information Strategy, Systems and Technology; Adult Degree Completion (Muskingum Adult Program). During the fiscal year ending June 30, 2015, 1,312 students were enrolled in the graduate and continuing studies program. In 2009, Muskingum began a BSN in Nursing for area RN's. 45354505 true true false true false false true true false true true true false false true true true false true false true false false false true false false false true true false false false false true true true true true true false false false false false false false false 3354 0 true 1242 true true true true UK false false false true true false false false false X 34 32 false false false false false false false true true false false true true true true true true true true false OH X PHILIP E LAUBE 7408268101 163 STORMONT STREET NEW CONCORD OH 43762 Dr Craig W Anderson MD Trustee 1.0 0.0 X 0 0 0 Dr Jaime Bermudez Sr Trustee 1.0 0.0 X 0 0 0 Mr Judson E Blaine Trustee 1.0 0.0 X 0 0 0 Mr Henry D Bullock Trustee 1.0 0.0 X 0 0 0 Mr Harold W Burlingame Trustee 1.0 0.0 X 0 0 0 Mr Keith Campbell Trustee 1.0 0.0 X 0 0 0 Ms Beverly Coen Trustee 1.0 0.0 X 0 0 0 Mr William A Cooper Trustee 1.0 0.0 X 0 0 0 Ms Danielle Crown Student Senate Pres (Dec 2014) 1.0 0.0 X 0 0 0 Mr William T Dentzer Jr Trustee 1.0 0.0 X 0 0 0 Ms Nikhil Deogun Trustee 1.0 0.0 X 0 0 0 Ms Ruth Ann Duff Trustee 1.0 0.0 X 0 0 0 Ms Patricia Wilson Fridley Trustee 1.0 0.0 X 0 0 0 Mr John W Gardner Trustee 1.0 0.0 X 0 0 0 Mr John H Glenn Jr Trustee 1.0 0.0 X 0 0 0 Mr Dennis D Grant Trustee 1.0 0.0 X 0 0 0 Mr James R Gray Trustee 1.0 0.0 X 0 0 0 Ms Ruth Champlin Hefflin Trustee 1.0 0.0 X 0 0 0 Mr Taylor Little Student Senate President 1.0 0.0 X 0 0 0 Mr Gordon F Litt Trustee 1.0 0.0 X 0 0 0 Mr Allen E Loomis Trustee 1.0 0.0 X 0 0 0 Mr D Tom McCalmont Trustee 1.0 0.0 X 0 0 0 Dr Myron E Moorehead II Trustee 1.0 0.0 X 0 0 0 Ms Barbara Young Morris Trustee 1.0 0.0 X 0 0 0 Mr D Craig Nordlund Trustee 1.0 0.0 X 0 0 0 Mr Robert W Patin Trustee 1.0 0.0 X 0 0 0 Mr Daniel H Plumly Trustee 1.0 0.0 X 0 0 0 Mr Robert J Reveley Trustee 1.0 0.0 X 0 0 0 Dr Kim Gage Rothermel Trustee 1.0 0.0 X 0 0 0 Mr Gordon E Spillman Trustee 1.0 0.0 X 0 0 0 Mr J Stark Thompson Trustee 1.0 0.0 X 0 0 0 Mr Stephen R Van Horn Trustee/Assoc Prof of Geology 40.0 0.0 X 67158 0 13519 Ms Jacqueline Dudek Woods Trustee 1.0 0.0 X 0 0 0 Mr Walter R Young Jr Trustee 1.0 0.0 X 0 0 0 Anne Steele President 40.0 0.0 X X 296058 0 129901 James Callaghan VP of Academics 40.0 0.0 X 147852 0 21048 James Wilson VP Busines & Finance 40.0 0.0 X 199495 0 51092 Jeff Zellers VP of Enrollment 40.0 0.0 X 150720 0 23026 Kathleen Bonavist VP of Advancement 40.0 0.0 X 158303 0 16442 Mark Sanford VP of Graduate& Cont Studies 40.0 0.0 X 156226 0 17545 Janet Heeter-Bass VP of Student Affairs 40.0 0.0 X 149260 0 47341 Ray Rataiczak Professor of Chemistry 40.0 0.0 X 141837 0 21026 Cynthia Wilkins Director of Nursing 40.0 0.0 X 146248 0 12420 Philip Laube asst VP for Bus & Fin and Cont 40.0 0.0 X 110919 0 43019 Doyt Perry Assoc Prof. Informatics 40.0 0.0 X 114724 0 19605 Kevin Wagner Sr Dir Facilities/Phys Plant 40.0 0.0 X 120124 0 42617 1958924 0 458601 12 false true false Bialosky Partners Architects LLC 2775 S Moreland Blvd CLEVELAND OH 44120 Architects 178745 Crawford Contracting C/o Jason Crawford PO Box 416 NEW CONCORD OH 43762 Construction Service 223960 Allegra Print Imaging 1224 Southgate Parkway CAMBRIDGE OH 43725 Printing services 162581 Aramark Corporation 163 Stormont St NEW CONCORD OH 43762 Food services 3191861 Mark Seeley 60456 Patch Road NEW CONCORD OH 43762 Maintenance Repair 111114 5 3382 194223 3870742 359244 4068347 COMMISSION 713990 32775 32775 TUITION AND FEES 900099 38811501 38811501 DORMITORIES 900099 4530271 4530271 FOOD SERVICE 900099 4015474 4015474 SCHEDULING INCOME 900099 5537 5537 552296 552296 47947854 1639804 -1201 1641005 0 0 53939 20801 33138 0 33138 33138 37540190 37395881 144309 144309 35822 108487 19163 3382 9979 9184 9184 0 99508 83589 15919 15919 STUDENT TRIP DEPOSITS 900099 135652 135652 STUDENT ACCOUNTS 900099 191761 191761 ATHLETICS/ALUMNI 900099 133677 133677 277022 277022 738112 54596667 48653191 67396 1807733 0 16772819 16772819 0 0 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145054292 151512421 X 2072450 -551104 -1058586 X false true X true true true X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 20967 20967 52563068 52584035 1000000 250000 false 1000000 1000000 1000000 1000000 4000000 6000000 14986 15442 15848 20967 67243 250000 250000 250000 250000 1000000 1500000 0 0 0 0 0 Lobbying Expenditures Schedule C, Part II-A, Line 1A The University is a member of AICUO (Association of Independent Colleges and Universities of Ohio)and NAICU (National Association of Independent Colleges & Universities). Included in the activities of AICUO and NAICU are the representation of its members' interest during the Ohio legislative and budget process, along with public relations and other member services as well as approximately $325 in lobbying expenditures. Expenditures represent the entire dues paid to AICUO and NAICU. X 2 23.00 1 1 true 466.00 133969 true X X false 72079287 965694 981977 2703226 71323732 62615485 1992222 9975923 2504343 72079287 57456771 869256 6745170 2455712 62615485 61438237 206887 -1704324 2484029 57456771 51068282 92506 12617309 2339860 61438237 0.31000 0.43000 0.26000 false false 670757 670757 72130321 29422280 42708041 11346247 8720419 2625828 18160493 5152759 13007734 59012360 HEDGE FUND - FUND OF FUNDS 9038316 F PRIVATE EQUITY FUNDS 7913572 F EQUITIES 2784502 F 19736390 0 STUDENT DEPOSITS PAYABLE 2046887 ANNUITIES PAYABLE 1859876 3906763 X 36328527 -551104 -17831405 -18382509 54711036 -114369 -114369 54596667 35865767 114369 114369 35751398 16772819 16772819 52524217 Conservation Easements Schedule D, Part II, Line 9 There is a National Historic District that extends onto campus and Muskingum has one building (Paul Hall) listed on the National Register of Historic Places. Maintenance and repairs for these buildings are reported in capital and maintenance expense. Collections of Art, Historical Treasures or Other Similar Assets Schedule D, Part III, Line 4 Collections of art consist primarily of student art work maintained for use and viewing by future generations. No SFAS 116 disclosure of art is included in the University's financial statements as the value of the collection is not deemed to be material to the University's financial position. Endowment Funds Schedule D, Part V, Line 4 The University uses a total return investment management policy to determine endowment spending. In fiscal 2007, the University adopted a policy which utilizes an amount of 4.5% of the prior five-year quarterly average market value of the endowment fund. The actual spending rate for fiscal 2015 was 3.9%. This total return concept allows a portion of accumulated unrealized and realized capital gains to be used for current operations. Income Taxes Schedule D, Part X, Line 2 The University has been determined to be exempt from federal income taxes under Section 501(a) of the Internal Revenue Code of 1986 (the Code), as an organization described in Sections 501(c)(3) and 170(B)(I)(A)(ii) of the code. Accounting principles generally accepted in the United States of America 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 of 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, 2015. The University would recognize interest and penalties related to unrecognized tax benefits in interest and income tax expense, respectively. The University has no amounts accrued for interest or penalties for the year ended June 30, 2015. The University is no longer subject to examination by taxing authorities for years before 2012. The University does not expect the total amount of unrecognized tax benefits to significantly change in the next 12 months. Reconciliation of Revenue Line 2d - Revenue on books but not on return: Student discounts (16,772,819) Change in annuity obligation (132,373) Actuarial changes (926,213) Total Line 2d.................... (17,831,405) Line 4b - Revenue on return but not on books: Rental expense (20,801) Fundraising expense ( 9,979) Inventory cost of good solds (83,589) Total Line 4b........................ (114,369) Reconciliation of Expenses Line 2d - Expenses on books but not on return: Rental expense 20,801 Fundraising expense 9,979 Inventory cost of good solds 83,589 Total Line 2d....................... 114,369 Line 4b - Expenses on return but not on books: Student discounts 16,772,819 true true true true true true true false false false false false false false false true false true Nondiscrimination Statement Schedule E, Line 3 A nondiscrimination statement is publicized in the Muskingum University Bulletin, Financial Aid Brochures and certain forms distributed to students during the registration period as well as listed on the Muskingum University website. Financial Assistance Schedule E Line 6A THE UNIVERSITY RECEIVES FINANCIAL ASSISTANCE FROM THE U.S. GOVERNMENT IN CONNECTION WITH VARIOUS PROGRAMS SUCH AS THE PERKINS STUDENT LOAN PROGRAM, UNIVERSITY WORK-STUDY PROGRAM, PELL GRANT PROGRAM AND SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANT PROGRAM. Europe (Including Iceland and Greenland) Investments 2763626 2763626 2763626 true false false false true false Booster 22545 3382 19163 5854 4125 0 22545 3382 19163 5854 4125 9979 9184 true Scholarships 1370 16772819 Schedule I, Part I, Line 2 Grant funds are monitored in two areas, depending on the use. Grant funds for financial aid are monitored by the Student Financial Services office, which oversees the awarding and compliance for all financial aid to University students. Grants for research and faculty development are monitored by the Assistant to the VPAA for Finance, Administration & Sponsored Programs. All grants are monitored for compliance and proper reporting by the Business Office of the University, overseen by the Vice President for Business & Finance. X X true true X X X X X false true false false false false false true false Anne Steele President 292786 0 0 0 3272 0 97953 0 31948 0 425959 0 James Callaghan VP of Academics 147060 0 0 0 792 0 13832 0 7216 0 168900 0 James Wilson VP Busines & Finance 197182 0 1521 0 792 0 18475 0 32617 0 250587 0 Jeff Zellers VP of Enrollment 149928 0 0 0 792 0 14438 0 8588 0 173746 0 Kathleen Bonavist VP of Advancement 156054 0 0 0 2249 0 13685 0 2757 0 174745 0 Mark Sanford VP of Graduate& Cont Studies 151633 0 3801 0 792 0 13917 0 3628 0 173771 0 Janet Heeter-Bass VP of Student Affairs 147223 0 1521 0 516 0 14085 0 33256 0 196601 0 Ray Rataiczak Professor of Chemistry 140704 0 0 0 1133 0 12438 0 8588 0 162863 0 Cynthia Wilkins Director of Nursing 145796 0 0 0 452 0 12420 0 0 0 158668 0 Philip Laube asst VP for Bus & Fin and Cont 110800 0 0 0 119 0 10476 0 32543 0 153938 0 Kevin Wagner Sr Dir Facilities/Phys Plant 117551 0 2480 0 93 0 11401 0 31216 0 162741 0 Schedule J, Part I, Line 1A Housing Allowance - An allowance for housing is included in Schedule J, Part II, Column D for the President and Vice President of Student Affairs, who are required to reside on campus as a condition of their employment. Tuition Remission is generally available to all full-time employees of the institution. The value of this benefit is included in Schedule J, Part I, Line 1A and Part II, Column D. Health or Social Club Dues - The University provides membership to a club to certain officers. The officers provide contemporaneous documentation of their business use. Schedule J, Part I, Line 4B Anne Steele - President of Muskingum University, is covered by a Section 457(f). Schedule J, Part I, Line 7 Certain University officers received employment bonus payments totaling $9,323. These payments were based upon extra efforts provided by the recipients during the fiscal year. These payments are pursuant to the University's executive compensation process which ensures that the amount of total compensation is fair and reasonable. Tuition 26246 Tuition Exchange Program GREGG THOMPSON SON OF TRUSTEE 58217 Employment-Head Baseball Coach false X 2 20675 Fair Market Value X 3320 Fair Market Value X 16 335249 Fair Market Value false true true Form 990, Part VI, Section B, Line 11A An independent tax preparation firm is engaged to assist in reviewing the Form 990 prepared by the University business office. University management reviews the Form 990 for completeness and accuracy. Prior to filing, management presents the Form 990 to the Officers, Audit Committee and Chairman of the Finance and Management Committee of the board of trustees. After approval by the Audit committee the return is reviewed by the full board. Form 990 is reviewed and signed by the vice president for business and finance. Form 990, Part VI, Section B, Line 12C Under the University's conflict of interest policy, all trustees, officers, and key employees are required to file annual statements of disclosure. The president of the University and chair of the board reviews those statements for potential conflicts. Any actual or possible conflict of interest must be disclosed to the officers of the board of trustees and either the chair of the board's finance and management committee or another designee of the board's chair. After disclosure and discussion with the board officers, the board officers determine whether a conflict of interest exists. The interested person is not present for these determinations. The board officers shall then determine if further action regarding the transaction or arrangement is necessary, including the potential soliciation of alternative transactions or arrangements. Form 990, Part VI, Section B, Line 15 The compensation of all officers of the University is reviewed and approved annually by the executive committee of the board of trustees. Salary data is gathered from peer institutions to benchmark all officer compensation on an annual basis. Compensation is set within the constraints of the board of trustees' approved operating budget and salary pool. This process was last undertaken for the fiscal year 2015. The executive committee receives a report from the chairman on the president's compensation in relation to the president's long-term contract, including the opinion that the president's compensation and that of other officers is consistent with compensation data reported by peer colleges and universities. Form 990, Part VI, Section C, Line 19 The University's determination letter, articles of incorporation and by-laws, conflict of interest policy, and financial statements are available via the University web page of the business office. (www.muskingum.edu/business) Other Changes in Net Assets Form 990, Part XI, Line 9 Change in annuity obligation (1,058,586)