2014-02-15T13:35:06-06:00 2013-06-30 420714325 MCGLADREY LLP 1 S WACKER DRIVE STE 800 CHICAGO IL 60606 990 2012-07-01 340714654 The College of Wooster COLL 3302632018 1101 North Bever Street Wooster OH 44691 Peggy R Debartolo 3302632018 2014-02-18 1 Zack Fortsch P00052725 3126343400 2012 2015-11-30 17:44:51Z Peggy R Debartolo 1101 North Bever Street Wooster OH 44691 232723038 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. 40 39 2499 1200 684516 24614 12106243 18494960 98047464 104224267 -1912728 9475349 79412 67083 108320391 132261659 41160196 44610333 0 0 50980322 51564835 48748 151141 4171462 32682051 34774562 124871317 131100871 -16550926 1160788 442604447 462835529 59454602 60833391 383149845 402002138 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 andindependent thinkers with exceptional abilities to ask important questions, research complex issues, solve problems, and communicate new knowledge and insight. 0 0 70801129 42729237 80501282 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 1,963 undergraduate students, averaging $22,520 per student, to assist in meeting calculated financial need. 19738288 1643793 1275305 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. 16258604 17969922 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. 11545727 237303 3147086 Other Program Services: Research Programs, Public & Academic Support 11545727 237303 3147086 118343748 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 1 0 1 1 1 1 0 0 1 1 1 0 0 0 1 2810 0 1 2499 1 1 1 0 0 0 0 1 1 0 0 0 0 X 40 39 0 0 0 0 0 0 0 1 1 0 1 1 1 1 1 1 1 1 1 1 0 OH X Peggy R Debartolo 3302632018 1101 North Bever Street Wooster OH 44691 David H Gunning 8.00 X X 0 0 0 Richard J Bell 1.50 X 0 0 0 Sandeep Bhatia 1.50 X 0 0 0 Joan Blanchard 1.50 X 0 0 0 Richard A Bowers 1.50 X 0 0 0 Douglas F Brush 5.00 X 0 0 0 Marjorie M Carlson 1.50 X 0 0 0 Joan P Carter 1.50 X 0 0 0 Jayne Hart Chambers 5.00 X 0 0 0 Jim DeRose 1.50 X 0 0 0 Doon A Foster 1.50 X 0 0 0 Donald R Frederico 5.00 X 0 0 0 Stephen C Gault 5.00 X 0 0 0 Diane L Hamburger 1.50 X 0 0 0 Jennifer A Haverkamp 5.00 X 0 0 0 Leslie Hudson 1.50 X 0 0 0 Jeffrey Keefer 1.50 X 0 0 0 Donald L Kohn 1.50 X 0 0 0 Lee E Limbird 1.50 X 0 0 0 Karen M Lockwood 1.50 X 0 0 0 Gregory A Long 5.00 X 0 0 0 William A Longbrake 5.00 X 0 0 0 Stewart R Massey 1.50 X 0 0 0 Lynne D McCreight 5.00 X 0 0 0 E Blake Moore Jr 1.50 X 0 0 0 Mary A Neogoy 5.00 X 0 0 0 Solomon Oliver Jr 5.00 X 0 0 0 Dale C Perry 1.50 X 0 0 0 Mikael Salovaara 1.50 X 0 0 0 Robert L Savitt 1.50 X 0 0 0 Richard N Seaman 1.50 X 0 0 0 Kenneth Shafer 1.50 X 0 0 0 Marianne M Sprague 5.00 X 0 0 0 Sally J Staley 1.50 X 0 0 0 Peter E Sundman 5.00 X 0 0 0 Nancy W Sutherland 1.50 X 0 0 0 Clarence R Williams 1.50 X 0 0 0 Ruth W Williams 1.50 X 0 0 0 James R Wilson 1.50 X 0 0 0 Grant H Cornwell 70.00 X X 386162 0 138912 Ellen Falduto 60.00 X 147914 0 23551 Scott Friedhoff 60.00 X 233246 0 70584 Kurt C Holmes 60.00 X 113360 0 33462 Laurie Houck 60.00 X 219891 0 35540 Angela Johnston 60.00 X 123006 0 25482 Carolyn Newton 60.00 X 195568 0 32782 Laurie L Stickelmaier 60.00 X 238065 0 40213 W Hayden Schilling 40.00 X 157456 0 25329 Larry Stewart 40.00 X 152677 0 15991 David Gedalecia 40.00 X 142956 0 8528 Jennifer D Winge 40.00 X 140723 0 20178 John W Sell 40.00 X 125968 0 27142 Sara L Patton 60.00 X 128498 0 14280 2505490 0 511974 26 1 1 0 BCMC PO Box 422 Wooster OH 44691 Construction/project related 2931102 Energy Systems Group Inc 4655 Rosebud Lane Newburgh IN 47630 Construction/project related 461842 Bogner Construction Company PO Box 887 Wooster OH 44691 Construction/project related 341813 KordaNemeth Engineering Inc 1650 Watermark Drive Suite 200 Columbus OH 43215 Construction/project related 339423 Steamgard LLC 730 Forest Edge Drive Vernon Hills IL 60061 Construction/project related 316522 14 50125 2340 63287 710386 17668822 10356884 18494960 Tuition and Fees 900099 80300794 80300794 Room & Board 721000 18828951 18828951 Student Auxiliary Services 451211 1746630 415958 467757 862915 Student Services 900099 1275305 1275305 Community Events 900099 899263 899263 1173324 1173324 104224267 1900188 184446 1715742 1856 1856 80824 32313 49520 0 31304 32313 63617 32313 31304 66557609 41427071 61707777 38701742 4849832 2725329 7575161 7575161 2340 2340 2340 0 1610 0 1610 1610 132261659 102893595 684516 10188588 28155 28155 40700851 40700851 3881327 3881327 2171499 850717 947394 373388 35664954 31822145 2198586 1644223 3138672 2758543 240256 139873 7990018 6875483 806340 308195 2599692 2357611 104965 137116 59136 42452 16072 612 94856 9345 85352 159 151141 151141 1343957 2292 1341665 2646662 2299211 178344 169107 103693 100352 1800 1541 3402257 2620504 314642 467111 1289615 1090571 186967 12077 59661 57266 2077 318 3042002 2903842 106357 31803 2330861 1799452 108849 422560 666528 592537 44907 29084 839577 730276 102389 6912 8059714 7235484 708250 115980 38074 35391 2683 Cost of Goods Sold 3127124 3104619 22505 Off-campus Programs 2907556 2907556 Repairs & Maintenance 1388088 1205094 147541 35453 Library Materials 805900 805900 2569301 1526772 917720 124809 131100871 118343748 8585661 4171462 14212 12785 3619071 4835910 10291055 12685781 826893 1557158 234640 69104 714627 766526 764214 599393 234195738 90103157 146955347 144092581 113805868 139643291 155267511 148787573 3677912 2906849 6433097 6878578 442604447 462835529 8193199 9611409 2089582 1895372 30077020 28675305 113087 152133 18981714 20499172 59454602 60833391 X 244817674 249682623 27593663 37321904 110738508 114997611 383149845 402002138 442604447 462835529 1160788 17691505 0 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 449754 X X X X 0 230935031 4406883 26767919 15016936 247092897 246688529 2884168 -6769426 11868240 230935031 223981868 2673503 32489920 12456762 246688529 212953700 1505510 23584281 14061623 223981868 272666670 3038407 -41896793 20854584 212953700 0.51170 0.42630 0.06200 0 0 142349 2383578 2525927 822328 98367529 35914294 63275563 23298 88276119 24967948 63331469 10757 30761189 22781824 7990122 13408591 6439091 6969500 144092581 Partnerships 148787573 F 148787573 Advances from Government for Student Loans 4003568 Accrued Charitable Gift Annuity and Trust Obligations 8211514 Asset Retirement Obligation 2027211 Accrued Postretirement Benefit Obligation 6256879 20499172 X 104368012 17691505 49520 17741025 86626987 1424933 44209739 45634672 132261659 85515719 49520 49520 85466199 1424933 44209739 45634672 131100871 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. Description of Intended Use of Endowment Funds: Part V, Line 4: The College's endowment consists of approximately 1,185 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. Description of Uncertain Tax Positions Under FIN 48: 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, 2013 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 years prior to 2010. Part XI, Line 2d - Other Adjustments: Rental Expense 49,520. Part XI, Line 4b - Other Adjustments: Institutional Financial Aid 44,209,739. Part XII, Line 2d - Other Adjustments: Rental Expense 49,520. Part XII, Line 4b - Other Adjustments: Institutional Financial Aid 44,209,739. 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 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. Explanation of Government Financial Assistance 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 0 0 Investments 68514205 Central America and the Caribbean 0 0 Grantmaking 86225 Central America and the Caribbean 0 0 Program Services Research 10685 Central America and the Caribbean 0 0 Program Services Student Services 18260 East Asia and the Pacific 0 0 Grantmaking 1387366 East Asia and the Pacific 0 0 Conferences 1600 East Asia and the Pacific 0 0 Program Services Academic Support 6151 East Asia and the Pacific 0 0 Program Services Instruction 137650 East Asia and the Pacific 0 0 Program Services Research 957 East Asia and the Pacific 0 0 Program Services Student Services 8793 Europe (Including Iceland & Greenland) 0 0 Investments 18793516 Europe (Including Iceland & Greenland) 0 0 Grantmaking 274719 Europe (Including Iceland & Greenland) 0 0 Fundraising 3486 Europe (Including Iceland & Greenland) 0 0 Conferences 35805 Europe (Including Iceland & Greenland) 0 0 Program Services Academic Support 5918 Europe (Including Iceland & Greenland) 0 1 Program Services Instruction 332242 Europe (Including Iceland & Greenland) 0 0 Program Services Research 44634 Europe (Including Iceland & Greenland) 0 0 Program Services Student Services 41060 Middle East and North Africa 0 0 Grantmaking 110775 Middle East and North Africa 0 0 Conferences 2559 Middle East and North Africa 0 0 Program Services Academic Support 4757 Middle East and North Africa 0 0 Program Services Instruction 8823 Middle East and North Africa 0 0 Program Services Research 8341 North America 0 0 Investments 7463028 North America 0 0 Grantmaking 107092 North America 0 0 Fundraising 799 North America 0 0 Conferences 5581 North America 0 0 Program Services Research 78781 North America 0 0 Program Services Student Services 6171 Russia & the Newly Independent States 0 0 Grantmaking 90948 Russia & the Newly Independent States 0 0 Program Services Research 3994 South America 0 0 Grantmaking 6070 South America 0 0 Conferences 1405 South America 0 0 Program Services Research 8934 South Asia 0 0 Grantmaking 1063037 South Asia 0 0 Fundraising 4371 South Asia 0 0 Program Services Academic Support 3038 South Asia 0 0 Program Services Instruction 46291 South Asia 0 1 Program Services Student Services 39706 Sub-Saharan Africa 0 0 Grantmaking 755095 Sub-Saharan Africa 0 0 Program Services Academic Support 41559 Sub-Saharan Africa 0 0 Program Services Instruction 1800 Sub-Saharan Africa 0 0 Program Services Research 5800 0 0 0 2 0 2 70162142 29409885 99572027 Scholarships for tuition & fees East Asia and the Pacific 63 1378208 Credit to student account Scholarships for tuition & fees South Asia 42 1058137 Credit to student account Scholarships for tuition & fees Sub-Saharan Africa 18 740732 Credit to student account Scholarships for tuition & fees Europe (Including Iceland & Greenland) 21 260685 Credit to student account Scholarships for tuition & fees Middle East and North Africa 4 110775 Credit to student account Scholarships for tuition & fees North America 5 104975 Credit to student account Scholarships for tuition & fees Russia & the Newly Independent States 4 89377 Credit to student account Scholarships for tuition & fees Central America and the Caribbean 3 80200 Credit to student account Student Research Europe (Including Iceland & Greenland) 9 10547 Check Student Research East Asia and the Pacific 6 9158 Check Vocational Grants for Students Sub-Saharan Africa 4 8575 Check Student Research Sub-Saharan Africa 3 5788 Check Student Research Central America and the Caribbean 6 4996 Check Vocational Grants for Students South Asia 2 4900 Check Student Research South America 2 3820 Check Vocational Grants for Students Europe (Including Iceland & Greenland) 1 2500 check Vocational Grants for Students South America 1 2250 Check Student Research Russia & the Newly Independent States 1 1571 Check Student Research North America 2 1132 Check Vocational Grants for Students North America 1 985 Check Student Research Central America and the Caribbean 2 1029 Travel FMV Student Research Europe (Including Iceland & Greenland) 1 987 Travel FMV 1 0 0 0 0 1 Procedure for Monitoring Grants Outside the U.S.: Schedule F, 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 the College grants. organization's financial statements. Schedule F, Part III: Method used to account for grants on 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 organization's financial statements. Schedule F, Part I, Line 3: Method used to account for expenditures on 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 X X X X X X X 1 Washburn & McGoldrick Inc 950 New Loudon Rd Suite 210 Latham NY 12110 Consulting Services 0 0 151141 -151141 151141 -151141 1 City of Wooster 538 North Market Street Wooster OH 44691 346003129 Governmental Org. 10000 Operating Support Great Decisions of Wayne County Inc 232 Elm Drive Wooster OH 44691 300085518 501(C)(3) 6500 Lecture Series at College of Wooster 2 0 Scholarships for Tuition and Fees 1836 40386648 Scholarships for Courses and Research 95 55796 Scholarships for Courses and Research 27 16951 FMV Supplies & Travel Prizes-Academic Achievement & Contests 223 81673 Prizes-Academic Achievement & Contests 212 11183 FMV Books, jackets and blankets Student Vocational Grants 106 146201 Student Vocational Grants 18 2399 FMV Travel Procedure for Monitoring Grants in the U.S.: Part I, Line 2: Schedule I, 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 X X 1 1 X X X X 1 1 0 0 0 0 0 0 0 Grant H Cornwell 355688 0 0 0 30474 0 84280 0 54632 0 525074 0 0 0 Ellen Falduto 147216 0 0 0 698 0 17880 0 5671 0 171465 0 0 0 Scott Friedhoff 225325 0 0 0 7921 0 50665 0 19919 0 303830 0 0 0 Laurie Houck 204217 0 15000 0 674 0 21210 0 14330 0 255431 0 0 0 Carolyn Newton 192828 0 0 0 2740 0 21762 0 11020 0 228350 0 0 0 Laurie L Stickelmaier 191714 0 43547 0 2804 0 24193 0 16020 0 278278 0 0 0 W Hayden Schilling 124531 0 31939 0 986 0 15389 0 9940 0 182785 0 0 0 Larry Stewart 75705 0 76313 0 659 0 9364 0 6627 0 168668 0 0 0 David Gedalecia 71067 0 70913 0 976 0 8528 0 0 0 151484 0 0 0 Jennifer D Winge 140132 0 0 0 591 0 14117 0 6061 0 160901 0 0 0 John W Sell 124193 0 125 0 1650 0 15466 0 11676 0 153110 0 0 0 Sara L Patton 94874 0 32108 0 1516 0 11444 0 2836 0 142778 0 0 0 Part I, Line 1a First-class for charter travel: -First class air travel was utilized by the Vice President for Development on a one-time basis due to medical reasons. The benefit was not treated as taxable compensation. Tax indemnification and gross-up payments: -Grant H. Cornwell, President of the College, received taxable gross up payments in the amount of $8,606 for non cash benefits the College provided. -Angela Johnston, Secretary of the College and Chief of Staff, received taxable gross up payments of $12,326 for taxable tuition benefits that 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 $2,795. The President used the club mostly for college-related purposes including entertaining prospective donors and trustees. Personal services: -Grant H. Cornwell, the President, received a taxable benefit of housekeeping expenses of $3,328. Part I, Lines 4a-b 4a - Received a severance payment or change of control payment from the organization or a related organization: -Larry Stewart, Professor of English, received a severance payment of $76,313. -David Gedalecia, Professor of History, received a severance payment of $70,913. 4b - Participated in, or received a payment from, a supplemental non-qualified retirement plan: -Grant H. Cornwell accrued deferred compensation of $54,280 for a supplemental non-qualified retirement plan. -Scott Friedhoff accrued deferred compensation of $33,798 for a supplemental non-qualified retirement plan. -Angela Johnston accrued deferred compensation of $4,635 for a supplemental non-qualified retirement plan. -Carolyn Newton accrued deferred compensation of $9,785 for a supplemental non-qualified retirement plan. A Ohio Higher Educational Facility Commission 346849674 67756AHX1 2003-04-03 7748270 Educational Facilities 1 0 0 B Ohio Higher Educational Facility Commission 346849674 67756BQW3 2005-12-28 15852223 Educational Facilities 1 0 0 C Ohio Higher Educational Facility Commission 346849674 67756AY55 2010-05-04 9953556 Educational Facilities 0 0 0 D Ohio Higher Educational Facility Commission 346849674 67756AGC2 2012-05-30 9182102 Educational Facilities 0 0 0 A 3225000 4750000 7777939 7616557 131713 29669 2003 1 0 1 1 B 6110000 5095000 15852223 5697211 197223 15105000 2008 1 0 1 1 C 900000 9953556 197350 9756206 2012 0 0 1 1 D 70000 9182102 3999686 182416 2672828 2327172 0 1 0 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 1 1 0 0 0 0 1 B 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 Schedule K Part IV, Arbitrage, Line 2c Date Rebate Computation Performed Issuer Name: Ohio Higher Educational Facility Commission Date the Rebate Computation was Performed: 05/28/2008 Schedule K, Part I, Column (e) & Schedule K, Part, II, Line 3: The difference between issue price in Part I, Column (e) and the total proceeds of issue in Part II, Line 3 is investment income earned on bond escrow before the bond proceeds were expended. A Ohio Higher Educational Facility Commission 346849674 NoneAvail 2013-04-09 5770000 Educational Facilities 0 0 0 A 5770000 5697211 65270 7519 0 1 0 1 A 0 0 0 0 0 0 0 A 0 1 0 0 0 0 0 0 1 A 1 Not required Not required 19500 Financial Aid Merit Scholarship Marguerite K Cornwell Spouse of President 121010 Compensation 0 Georgina Holmes Spouse of Dean of Students 46078 Compensation 0 Steve Stickelmaier Stepson of VPFB 29463 Compensation 0 X 8 4732 FMV & Other X 41 FMV & Other X 1268 Market Value X 77 5478230 FMV X 1 4750000 Opinions of experts X 4 220 Market Value X 1 1 Other X Shelving & Supplies 3 122392 FMV & Other 0 0 1 1 Method for Determining Number of Contributions: Part I, Column (b): is the number of contributions. Third Party Use: Part I, Line 32b: Third Party Involvement, Part I, Line 32B: The college uses a broker to process and sell donated securities. The fees charged by the broker are at or below the fair market value of such services. Revenue reporting for certain non-cash contributions, Part I, Line 33: Under ASC 958-605, "collections" are defined as works of art, historical treasures, or similar assets that are (A) held for public service rather than financial gain; or (B) protected, kept unencumbered, cared for, and preserved. Proceeds from the sale of "collection" items must be used to acquire additional "collection" items. Under this accounting standard, the college does not capitalize "collections" and accordingly did not record revenue for donations that met the definition of "collections", including works of art, rare books, other historical memorabilia. Other gifts for which there were no readily-available estimates of fair market value either were not recorded or were recorded at $1 for tracking purposes. 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 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 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 and conflict of interest policy available to the public. Wooster Technology Group LTD 1101 North Bever Street Wooster OH 44691 263895769 Hold Patents OH 0 2053 The College of Wooster The Wooster Inn Management Company LTD 1101 North Bever Street Wooster OH 44691 264321151 Inn Management OH 12572 76474 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 0 0 1 0 0 0 0 0 0 0 0 0 1 1 1 1 0 0 1