2014-05-15T09:26:39-05:00 2013-06-30 410746749 CLIFTONLARSONALLEN LLP 300 CROWN COLONY DRIVE SUITE 310 QUINCY MA 02169 990 2012-07-01 030179593 MARLBORO COLLEGE MARL 8022517607 2582 SOUTH ROAD PO BOX A MARLBORO VT 05344 ELLEN MCCULLOCH-LOVELL 8022517607 2014-05-14 1 P00078514 6179848100 2012 2015-11-30 17:44:51Z ELLEN MCCULLOCH-LOVELL 2582 SOUTH ROAD PO BOX A MARLBORO VT 05344 28069189 0 X WWW.MARLBORO.EDU X 1946 VT PROVIDE UNDERGRADUATE AND GRADUATE EDUCATION 23 22 458 22 737 0 4337015 3406668 13446420 12787292 387353 463149 874130 337680 19044918 16994789 4363243 4285531 0 0 8538601 8766412 0 0 386217 6710513 5989366 19612357 19041309 -567439 -2046520 59424963 60577964 8137747 7475657 51287216 53102307 X THE MISSION OF 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 ENGLIGH AND TO STRIVE FOR ACADEMIC EXCELLENCE FORMED BY INTELLECTUAL AND ARTISITIC CREATIVITY; THEY ARE ENCOURAGED TO ACQUIRE A PASSION FOR LEARNING, DISCERNING JUDGEMENT AND A GLOBAL PERSPECTIVE. THE COLLEGE PROMOTES INDEPENDENCE BY REQUIRING STUDENTS TO PARTICIPATE IN THE PLANNING OF THIER OWN PROGRAMS OF STUDY AND TO ACT RESPONSIBLY WITHIN A SELF-GOVERNING COMMUNITY. 0 0 11640076 4285531 12787292 EDUCATIONPROVIDE POST-SECONDARY LIBERAL ARTS DEGREE PROGRAM FOR APPROXIMATLEY 270 UNDERGRADUATE STUDENTS AND 70 MASTERS OF ARTS AND SCIENCE DEGREE STUDENTS. 11640076 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 1 1 0 1 0 0 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 1 132 0 458 1 1 1 1 CJ 0 0 0 0 0 0 0 0 X 23 22 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 0 1 1 0 X X ANNE PRATT 8022517607 2582 SOUTH ROAD MARLBORO VT 05344 ELLEN MCCULLOCH-LOVELL 40.00 X X 154351 0 24194 J BARTON GOODWIN 1.00 X 0 0 0 PHILLIP STECKLER III 1.00 X X 0 0 0 RICHARD H SAUDEK 1.00 X X 0 0 0 JOHN CHAN 1.00 X 0 0 0 DENA DAVIS 1.00 X 0 0 0 KAREN DAVIS 1.00 X 0 0 0 THOMAS S DURKIN 1.00 X 0 0 0 PETER GALBRAITH 1.00 X 0 0 0 GRETCHEN GERZINA 1.00 X 0 0 0 ELIZABETH GLENSHAW 1.00 X 0 0 0 WOLF KAHN 1.00 X 0 0 0 KIRSTEN NEWCOMER 1.00 X 0 0 0 LINDY LINDER 1.00 X 0 0 0 PETER MALLARY 1.00 X 0 0 0 STEPHAN MORSE 1.00 X 0 0 0 DEAN NICYPER 1.00 X X 0 0 0 RICHARD H SAUDEK 1.00 X 0 0 0 EDWARD E WENDELL JR 1.00 X 0 0 0 PETER ZAMORE 1.00 X 0 0 0 SUZANNE OLBRICHT 1.00 X 0 0 0 BRYANT MORGAN 40.00 X 93031 0 24664 247382 0 48858 2 0 1 0 METZ AND ASSOCIATES LTD TWO WOODLAND DR DALLAS PA 18612 FOOD SERVICE 684608 KOR GROUP LTD 374 CONGRESS ST STE503 BOSTON MA 02210 BRAND ARCHITECTURE 342786 TONY FARNUM CONSTRUCTION 60 MATHER RD PO BOX 2328 BRATTLEBORO VT 05301 BUILDER 132170 CHESAPEAKE ASSET MGMT ONE ROCKEFELLER PLAZA NEW YORK NY 10020 INVESTMENT MANAGER 120004 4 220671 3185997 1212615 3406668 TUITION AND FEES 611600 10789513 10789513 AUXILIARY SERVICES 611710 1997779 1997779 12787292 371281 737 370544 713167 498318 214849 214849 214849 10517049 150901 10461081 115001 55968 35900 91868 91868 OTHER SOURCES 900099 122831 122831 122831 16994789 12787292 737 800092 4285531 4285531 304554 304554 6813982 4890389 1663098 260495 220356 220356 930456 124331 806125 497064 354570 125331 17163 60647 19850 40797 66775 66775 581946 581946 574271 394871 163419 15981 127748 46666 80597 485 425117 185685 198300 41132 32986 13085 18664 1237 697791 197935 499856 301241 189723 76736 34782 17810 4060 13730 20 186350 186350 917690 917690 316648 316648 FOOD & LABOR 712660 686820 20607 5233 MAINTENANCE CONTRACTS 59425 5421 51804 2200 SANITATION REMOVAL 51366 30831 20535 LIBRARY 41329 39041 1953 335 817566 171267 639145 7154 19041309 11640076 7015016 386217 1740913 485701 3757508 4082548 467096 153143 233904 372765 132041 28183 153428 155888 144495 61601 33250073 13537623 19723450 19712450 12245399 8800630 20376372 26254151 450357 470904 59424963 60577964 1599574 1424724 791677 673590 2595000 2280000 2790034 2722781 361462 374562 8137747 7475657 X 16735187 16922195 6045307 7373592 28506722 28806520 51287216 53102307 59424963 60577964 X -2046520 3852013 9598 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 36740229 299798 4109834 3981797 37168064 40074198 324414 -1342398 2315985 36740229 34035298 1000864 6801036 1763000 40074198 28798813 2277897 4412588 1454000 34035298 30896588 2040843 -2653192 1485426 28798813 0.07910 0.77500 0.14580 0 0 1188848 1188848 23389298 8219125 15170173 8671927 5318498 3353429 19712450 ABRAMS CAPITAL 5601690 F COMPASS VENTURE PARTNERS 9605 F DELTA FUND INVESTMENT 2314461 F DENHAM CAPITAL MANAGEMENT 414932 F DISCOVERY EQUITY PARTNERS 1237774 F GEOLOGIC RESOURCES FUND 720094 F GLENMONT CAPITAL MANAGMENT 842969 F GLENMONT ORLANDO CO-INVESTMENT PARTNERS 343400 F GMO QUALITY FUND 4075827 F GREEN EAGLE 43617 F ILS PARTNERS LP 42374 F JAPAN CHICKADEE 1769435 F KILTEARN GROUP 1465453 F MARBLEGATE SPEC OPP 1513422 F MERUS 87022 F NEON-LORIKEET 1514090 F OPEN PEAK INVESTMENT 200009 F OPEN PEAK V, LP 187857 F OPEN PEAK VII, LP 80000 F PRIMAVERA INVESTMENT 562147 F RIVERWOOD 1084100 F SERVERTIS FUND 526755 F WESTWOOD GLOBAL INVESTMENTS 1617116 F ZAIS GROUP 2 F 26254151 DISCOUNT FOR FUTURE INTEREST 219337 ENVIRONMENTAL REMEDIATION LIABILITY 155225 374562 X 16558532 3852013 71291 507916 4431220 12127312 581946 4285531 4867477 16994789 14743441 71291 498318 569609 14173832 581946 4285531 4867477 19041309 DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: THE COLLEGE'S ENDOWMENT CONSISTS OF FUNDS ESTABLISHED FOR A VARIETY OF PURPOSES. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X, LINE 2: 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. THE COLLEGE'S 2010, 2011, AND 2012 TAX YEARS ARE OPEN FOR EXAMINATION BY THE IRS. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN VALUE OF SPLIT-INTEREST AGREEMENTS 9,598. RENTAL EXPENSES REPORTED NET AGAINSTS RENTAL REVENUE 498,318. PART XI, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS 4,285,531. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES REPORTED NET AGAINSTS RENTAL REVENUE 498,318. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS 4,285,531. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 EXPLANATION OF NONDISCRIMINATORY POLICY PUBLICATION SCHEDULE E, PART I, LINE 3 THE NONDISCRIMINATION POLICY IS PUBLISHED IN THE COLLEGE CATALOGUE AND STUDENT HANDBOOK, AND WEBSITE. EXPLANATION OF GOVERNMENT FINANCIAL ASSISTANCE SCHEDULE E, PART I, LINE 6 THE ORGANIZATION RECEIVES FEDERAL AND STATE GOVERNMENT GRANT MONEY. 1 SCHOLARSHIPS/ASSISTANCE 363 4285531 PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, 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 ASSOCIATE DIRECTOR OF FINANCIAL AID. X X 0 0 0 0 0 0 0 0 0 ELLEN MCCULLOCH-LOVELL 152480 0 0 0 1871 0 8140 0 16054 0 178545 0 0 0 X 1 18677 FMV X 6 1193938 FMV 0 0 0 0 METHOD FOR DETERMINING NUMBER OF CONTRIBUTIONS: PART I, COLUMN (B): NUMBER REPRESENTS THE NUMBER OF CONTRIBUTORS. 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. AT THE FEB 5, 2011, MEETING TRUSTEES VOTED TO ALLOW THE EX COMM TO VOTE WITH THE PROVISO 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, FINANCIAL MANAGEMENT OFFICER AND CHIEF PLANNING AND BUDGET OFFICER REVIEW THE FORM 990 PRIOR TO A REVIEW BY THE AUDIT COMMITTEE. THE AUDIT COMMITTEE OF THE BOARD OF TRUSTEES REVIEWS AND APPROVES THE FORM 990 PRIOR TO FILING. 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 COMPENSATION PACKAGE AND UTILIZES THE APPROPRIATE COMPARABILITY DATA WHEN ESTABLISHING THE COMPENSATION PACKAGE. THIS PROCESS TOOK PLACE IN 2012. THE EXECUTIVE COMMITTEE REVIEWS THE COMPENSATION PACKAGE FOR OFFICERS AND KEY EMPLOYEES AND UTILIZES THE APPROPRIATE COMPARABILITY DATA WHEN ESTABLISHING THE COMPENSATION PACKAGE. THIS PROCESS TOOK PLACE IN 2011. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF SPLIT-INTEREST AGREEMENTS 9,598. 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