2016-02-15T14:00:12-06:00 2015-06-30 350921680 CROWE HORWATH LLP 10 West Broad Street Suite 1700 Columbus OH 432153713 990 2014-07-01 314379584 Marietta College MARI 7403764724 215 Fifth Street Marietta OH 45750 Daniel C Bryant Treasurer 2016-02-15 true Rachel Spurlock P00520729 6144690001 2014 2016-08-17 19:52:53Z Daniel C Bryant 215 Fifth Street Marietta OH 45750 98855224 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. 29 26 1281 29 0 0 5896325 5814077 57397796 57521116 4095305 5598818 0 0 67389426 68934011 21004607 21366615 0 0 23764289 22417469 0 9443 1071340 20839601 19474158 65608497 63267685 1780929 5666326 209755655 207685599 49101113 45825353 160654542 161860246 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 57631046 21366615 57521116 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 37 STATES AND 14 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. 57631046 true true false false false false false 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 false true false false false true false false false true 1970 0 true 1281 true false false false false false false false false false false X 29 26 true false false false false false false true true false false true true true true true true true true false OH X DANIEL C BRYANT 7403764718 215 FIFTH STREET Marietta OH 45750 Joseph W Bruno President 40.00 X X 248421 0 55884 George Fenton Chair, Board of Trustees 1.00 X X 0 0 0 Patricia Kral Zecchi Vice Chair, Board of Trustees 1.00 X X 0 0 0 Ronald Rinard Trustee 1.00 X 0 0 0 Jo Ellen Diehl Yeary Trustee 1.00 X 0 0 0 Dale Wartluft Trustee 1.00 X 0 0 0 Robert Brucken Trustee 1.00 X 0 0 0 Matthew J Macatol Trustee 1.00 X 0 0 0 Michael J Salvino Trustee 1.00 X 0 0 0 Edgar L Smith Jr Trustee 1.00 X 0 0 0 Patricia Griffin Curtin Trustee 1.00 X 0 0 0 Cathy A Percival Trustee 1.00 X 0 0 0 Charles Sulerzyski Trustee 1.00 X 0 0 0 James Tracy Trustee 1.00 X 0 0 0 Anna Bowser Bailey Trustee 1.00 X 0 0 0 Toni Robinson-Smith Trustee 1.00 X 0 0 0 Leonard M Randolph Jr Trustee 1.00 X 0 0 0 Christopher Cortez Trustee 1.00 X 0 0 0 T Grant Callery Trustee 1.00 X 0 0 0 Kathleen Marie Mitchell Murphy Trustee 1.00 X 0 0 0 Roger D Anderson Trustee 1.00 X 0 0 0 Brent McCurdy Trustee 1.00 X 0 0 0 John Langel Trustee 1.00 X 0 0 0 Barbara A Perry Fitzgerald Trustee 1.00 X 0 0 0 Michael Moffitt Trustee 1.00 X 0 0 0 Jason C Reebrook Trustee 1.00 X 0 0 0 Elliott L Thrasher Trustee 1.00 X 0 0 0 Harry H Esbenshade III Trustee 1.00 X 0 0 0 Michael D Milone Trustee 1.00 X 0 0 0 Daniel Bryant Treasurer & VP Finance & Adm 40.00 X 171008 0 11330 H Daniel Hungerford Asst. Treasurer / Controller 40.00 X 90991 0 78776 William Donnelly Secretary 1.00 X 0 0 0 Karen Z Sproles Provost 40.00 X 181226 0 51550 Joseph Sandman VP Advancement 40.00 X 167347 0 15394 Robert Chase Professor 40.00 X 139166 0 18971 Robert Pastoor VP of Student Life 40.00 X 121292 0 30216 Miranda Collins Program Director, Assoc. Professor - P.A. Dept. 40.00 X 116582 0 7908 Angela Anderson Vice President for Advancement 40.00 X 105560 0 6733 Gamaliel Perruci Interim Provost 40.00 X 104971 0 29207 1446564 0 305969 9 false true true PARKHURST DINING SERVICES 316 WASHINGTON AVE WHEELING WV 26003 FOOD SERVICES 2614779 TRI-STATE ROOFING & SHEET METAL 101 SOUTH MEADVILLE RD DAVISVILLE WV 26142 CONSTRUCTION 425591 UNIVERSITY LEASE DIV OF CALFIRST BANK 28 EXECUTIVE PARK IRVINE CA 92614 IT EQUIPMENT LEASES 208636 ELLUCIAN INC 4375 FAIR LAKES CT FAIRFAX VA 22033 IT CONTRACT SERVICES 208557 SECURITY ELECTRONICS INC 1618 HIGHLAND RIDGE RD LOWELL OH 457447334 CONSTRUCTION 201052 11 0 0 0 0 1363537 4450540 10591 5814077 TUITION 611600 45370042 45370042 0 0 AUXILIARY SERVICES 611710 11151888 11151888 0 0 EDUCATIONAL SERVICES 611710 999186 999186 0 0 0 0 0 0 0 0 0 0 0 0 0 57521116 1582041 0 0 1582041 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 33925340 12650 29906070 15143 4019270 -2493 4016777 0 0 4016777 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 68934011 57521116 0 5598818 0 0 21366615 21366615 0 0 0 0 899075 251029 648046 0 154805 154805 0 0 16959428 15704208 571488 683732 643117 589604 25894 27619 2590839 2442953 61201 86685 1170205 1058220 67036 44949 0 0 0 0 47487 0 47487 0 78500 0 78500 0 0 0 0 0 9443 9443 599597 0 599597 0 2666265 2395673 270592 0 31860 31860 0 0 2496705 2186869 274834 35002 864378 708987 142391 13000 0 0 0 0 1573317 1571899 1418 0 850292 733555 67160 49577 0 0 0 0 0 0 0 0 1925386 1752101 134777 38508 0 0 0 0 3723239 3388147 260627 74465 546243 0 546243 0 Equipment Repairs & Maint. 1776438 1735185 41253 0 Studies Abroad 308481 308481 0 0 Student Activities 268080 268080 0 0 Alumni Events 207088 206526 562 0 1510802 776249 726193 8360 63267685 57631046 4565299 1071340 0 0 0 0 5898294 6550320 9569602 12231395 1721155 1565896 2330163 2377610 0 0 2186389 1819623 0 0 127867 270571 140857404 53184657 90727003 87672747 50842032 48826093 26440906 26885251 0 0 0 19912244 19486093 209755655 207685599 2829130 2563792 0 0 1869118 1702520 39222839 38215632 0 0 0 0 0 0 0 5180026 3343409 49101113 45825353 X 58925939 59170760 27432959 25297512 74295644 77391974 0 0 0 0 0 0 160654542 161860246 209755655 207685599 X 5666326 -4318846 0 0 0 -141776 X false true X true true true X 4995475 6919586 6590768 5896325 5814077 30216231 4995475 6919586 6590768 5896325 5814077 30216231 7569957 22646274 816597 1257089 1403780 1431523 1582041 6491030 5625 8505 8570 0 0 22700 36729961 282062737 0.6166 0.6180 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 - 5625.0, COLUMN B - 8505.0, COLUMN C - 8570.0, COLUMN D - , COLUMN E - , COLUMN F - 22700.0; RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 79152697 1779835 1267399 1700074 1960010 593685 77946162 68691610 2373016 12040301 1565602 1803733 582895 79152697 61820875 3219238 7741764 1531572 2051922 506773 68691610 63249761 1562965 -595480 1606702 404469 385200 61820875 56616451 756958 9158193 1624859 1300650 356332 63249761 0.0424 0.7676 0.19 false false 3784810 3784810 114881365 39373625 75507740 3251361 2307900 943461 14484916 9373468 5111448 4454952 2129664 2325288 87672747 Private Equity Funds 5768007 F Hedge Funds 19760699 F Real Estate Funds 1356545 F 26885251 REMAINDER INTEREST IN LIFE INCOME TRUST 1943389 BENEFICIAL INTEREST IN PERPETUAL TRUST 16971423 PREPAID BOND COSTS 571281 19486093 CAPITAL LEASE OBLIGATIONS 463038 AGENCY FUNDS HELD FOR OTHER 40889 INTEREST RATE SWAP ANNUITIES PAYABLE 519316 US GOVERNMENT REFUNDABLE ADVANCES 1935529 ACCRUED POST RETIREMENT LIABILITY 384637 3343409 X 42578423 -4318846 0 0 153846 -4165000 46743423 599597 21590991 22190588 68934011 41372719 0 0 0 0 0 41372719 599597 21295369 21894966 63267685 Schedule D, Part III, Line 4 Collections of art - description of collections 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, 2015 or 2014, respectively. 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 years ended June 30, 2015 and 2014. 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 Fair Value of interest Rate Swap Adjustment - 53247 Post Retirement Liability Related Changes Other than Periodic Costs - 100599 Schedule D, Part XI, Line 4(b) Other revenues in form 990 not in audited financial statements Financial Aid Discount - 21295369 Change in Perpetual Trusts held by Others - 227308 ACTUARIAL ADJUSTMENT OF SPLIT INTEREST AGREEMENTS - 68314 Schedule D, Part XII, Line 4(b) Other expenses in form 990 not in audited financial statements Financial Aid Discount - 21295369 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 95007 Central America and the Caribbean Investments 20090000 1 2 0 0 1 2 20185007 0 20185007 true false true false false false true MARIETTA COLLEGE GRANTS 1081 10179293 MARIETTA COLLEGE SCHOLARSHIPS 874 9765801 GIFT ENDOWED SCHOLARSHIPS 241 1306741 GIFT SUPPORTED SCHOLARSHIPS 24 89573 PRIZES & AWARDS 16 25207 Schedule I, Part I, Line 2 Description Of Procedure 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. 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 false false false false false false false false false Joseph W Bruno President 246184 0 0 0 2237 0 16667 0 39217 0 304305 0 0 0 Daniel Bryant Treasurer & VP Finance & Adm 169950 0 0 0 1058 0 11330 0 0 0 182338 0 0 0 H Daniel Hungerford Asst. Treasurer / Controller 90816 0 0 0 175 0 14364 0 64412 0 169767 0 0 0 Karen Z Sproles Provost 180597 0 0 0 629 0 12333 0 39217 0 232776 0 0 0 Joseph Sandman VP Advancement 164035 0 0 0 3312 0 0 0 15394 0 182741 0 0 0 Robert Chase Professor 138081 0 0 0 1085 0 9544 0 9427 0 158137 0 0 0 Robert Pastoor VP of Student Life 120175 0 0 0 1117 0 8477 0 21739 0 151508 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. A Ohio Higher Educational Facility Commission 346849674 2014-11-20 39355231 SEE STATEMENT false false false A 1139599 39355231 39015231 340000 0 2014 true false false true A false false true true false 0.0 0.0 0.0 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 106837 Discounted Tuition Tuition Assistance SUZETTE M HUNGERFORD WIFE OF H. DANIEL HUNGERFORD, OFFICER 18073 COMPENSATION false EMILY SCHUCK DAUGHTER OF SECRETARY William Donnelly 68000 COMPENSATION false GAIL MILONE DAUGHTER-IN-LAW OF MICHAEL MILONE, TRUSTEE 54505 COMPENSATION false Tri-State Roofing & Sheet Metal Trustee, Harry H. Esbenshade, owner of business 425591 Construction Contractor false Schedule L, Part III Grants or assistance benefiting interested persons During Fiscal Year 2015, $106,837 of discounted tuition was received by family members of interested persons. X Golf Outing Refreshments 1 850 Cost X Baseball Team Dinner 1 1046 Cost X Golf Outing Green Fees and Cart Fees 1 1820 Cost X Driver golf club at golf outing 1 375 Cost X Student Presentation 1 6500 Cost 1 false true false Schedule M, Part I Explanations of reporting method for number of contributions Other: Number of contributions Other: Number of items received Other: Number of contributions Other: Number of items received Other: Number of contributions Schedule M, Part I Number of contributions or items contributed Number of contributions Schedule M, Part I Number of contributions or items contributed Number of items received Schedule M, Part I Number of contributions or items contributed Number of contributions Schedule M, Part I Number of contributions or items contributed Number of items received 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 - -227308; Actuarial Adjustment of Split Interest Agreements - -68314; Fair Value of Interest Rate Swap Adjustment - 53247; Postretirement liability related changes other than periodic costs - 100599; Schedule M, Part I Number of contributions or items contributed Number of contributions CHARITABLE REMAINDER TRUSTS (8) 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