2013-05-13T15:00:31-05:00 2012-06-30 CROWE HORWATH LLP 10 West Broad Street Suite 1700 Columbus OH 432153713 990 2011-07-01 314379584 MARIETTA COLLEGE MARI 7403764724 215 Fifth Street Marietta OH 45750 DANIEL C BRYANT 2013-05-13 true Rachel Spurlock P00520729 6144690001 2011 2016-02-24 21:20:13Z DANIEL C BRYANT 215 Fifth Street Marietta OH 45750 87705006 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. 33 32 1351 33 0 0 4995475 6919586 52473482 56171517 4667717 1084114 5625 8505 62142299 64183722 17801558 19231431 0 0 23536120 24048149 0 0 1503191 19333686 19313112 60671364 62592692 1470935 1591030 200546749 198678542 59645625 59526522 140901124 139152020 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 57531712 19231431 56171517 CHARTERED IN 1835, MARIETTA COLLEGE 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 40 STATES AND 15 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. 57531712 true true false false false false true 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 false false false false true true false false false true false false false false true 2135 0 true 1351 true false false false false false false false false false false X 33 32 true false false false false false false true true false false true true true true true true true true false X DANIEL C BRYANT 7403764718 215 FIFTH STREET Marietta OH 45750 BARBARA A PERRY FITZGERALD 1.00 X X 0 0 0 CYNTHIA REECE 1.00 X X 0 0 0 JEAN SCOTT 40.00 X X 257067 0 51747 ANNA BOWSER BAILEY 1.00 X 0 0 0 BRENT MCCURDY 1.00 X 0 0 0 CATHY A PERCIVAL 1.00 X 0 0 0 CHARLENE SAMPLES 1.00 X 0 0 0 CHARLES BRENT MCCOY 1.00 X 0 0 0 CHRISTOPHER CORTEZ 1.00 X 0 0 0 DALE WARTLUFT 1.00 X 0 0 0 DONALD RITTER 1.00 X 0 0 0 DONALD STRICKLAND 1.00 X 0 0 0 DOUGLAS GRIEBEL 1.00 X 0 0 0 EDGAR L SMITH JR 1.00 X 0 0 0 FRANK SCHOSSLER 1.00 X 0 0 0 GEORGE FENTON 1.00 X 0 0 0 J ROGER PORTER 1.00 X 0 0 0 JAMES TRACY 1.00 X 0 0 0 JOHN LANGEL 1.00 X 0 0 0 JOHN R MURPHY 1.00 X 0 0 0 JOSEPH CHLAPATY 1.00 X 0 0 0 KATHLEEN MARIE MITCHELL MURPHY 1.00 X 0 0 0 LEONARD M RANDOLPH JR 1.00 X 0 0 0 MARILYN MOON 1.00 X 0 0 0 MARK F BRADLEY 1.00 X 0 0 0 MICHAEL J SALVINO 1.00 X 0 0 0 NANCY PUTNAM HOLLISTER 1.00 X 0 0 0 PATRICIA GRIFFIN CURTIN 1.00 X 0 0 0 PATRICIA LORENO WILLIS 1.00 X 0 0 0 ROBERT BRUCKEN 1.00 X 0 0 0 RONALD RINARD 1.00 X 0 0 0 T GRANT CALLERY 1.00 X 0 0 0 TONI ROBINSON-SMITH 1.00 X 0 0 0 DANIEL BRYANT 40.00 X 156835 0 12360 H DANIEL HUNGERFORD 40.00 X 7917 0 1915 WILLIAM DONNELLY 1.00 X 0 0 0 DAVID RHODES 40.00 X 122460 0 27245 GAMALIEL PERRUCI 40.00 X 120065 0 27733 GLORIA STEWART 40.00 X 132468 0 17377 LORI LEWIS 40.00 X 139765 0 25346 ROBERT CHASE 40.00 X 123560 0 45665 1060137 0 209388 10 false true false MILES MCCLELLAN - HAGERMAN INC PO BOX 11848 FORT WAYNE IN 468511848 CONSTRUCTION 6016668 CHARTWELLS DINING SERVICES PO BOX 91337 CHICAGO IL 606931337 FOOD SERVICES 2673563 GRAE-CON CONSTRUCTION 880 KINGSDALE RD STEUBENVILLE OH 43952 CONSTRUCTION 2201885 DESIGN GROUP INC 515 E MAIN ST COLUMBUS OH 43215 CONSTRUCTION 727047 GHEEN'S PAINTING INC 50665 RAINBOW RIDGE LONG BOTTOM OH 45743 CONSTRUCTION 172564 6 1130935 5788651 87280 6919586 TUITION 611600 44730588 44730588 AUXILIARY SERVICES 611710 10074663 10074663 EDUCATIONAL SERVICES 611710 1294721 1294721 STUDENT LOAN INTEREST 900099 71545 71545 0 0 0 0 56171517 1257089 1257089 0 0 0 0 0 23317524 30785 23481994 39290 -164470 -8505 -172975 -172975 0 8505 8505 8505 0 0 0 0 0 0 64183722 56171517 0 1092619 0 19231431 19231431 0 0 1400846 653865 576971 170010 6000 6000 16547990 15173625 592681 781684 1080071 977450 43530 59091 3800532 3471094 221604 107834 1212710 1085276 62489 64945 0 66211 66211 57865 57865 0 0 388650 388650 2665107 2440698 224208 201 39030 39030 2637855 2359505 212013 66337 907576 828743 70433 8400 0 1720436 1716693 3743 812009 686552 55141 70316 0 0 1003657 923364 50183 30110 0 4304860 3960471 215243 129146 457089 253850 203239 EQUIPMENT REPAIRS & MAINT. 2132677 1836589 296088 STUDIES ABROAD 387008 387008 STUDENT ACTIVITIES 341375 341375 RECRUITING 298922 218656 77186 3080 1092785 940437 140311 12037 62592692 57531712 3557789 1503191 0 4621964 8468218 7999294 8187303 4164816 3528572 2088563 2177661 2446715 2339871 142406 78453 141691663 49798492 78790574 91893171 35049059 30922559 25417603 26957770 0 0 39825755 24124964 200546749 198678542 3034167 4242279 3450486 3421199 44170000 42840000 3140700 2200000 5850272 6823044 59645625 59526522 X 58727753 58065310 17806262 14979937 64367109 66106773 140901124 139152020 200546749 198678542 X 1591030 -3340134 X false true true X true true X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 43250 0 X X X false 63249761 1562965 -595480 1606702 404469 385200 61820875 56616451 756958 9158193 1624859 1300650 356332 63249761 52957481 2256374 4846880 1690928 1309702 443654 56616451 67153918 2495516 -13073534 1816945 1437458 364016 52957481 0.06280 0.82370 0.11350 false false 3784810 3784810 91791060 32456963 59334097 3216561 1858173 1358388 15942882 8978088 6964794 26956350 6505268 20451082 91893171 0 0 ALTERNATIVE INVESTMENTS 8912459 F HEDGE FUNDS 18045311 F 26957770 REMAINDER INTEREST IN LIFE INCOME 1703830 BENEFICIAL INTEREST IN PERPETUAL TRUST 14591429 PREPAID BOND COSTS 643220 BOND PROCEEDS RESTRICTED FOR BUILDINGS & EQUIPMENT 7186485 24124964 0 AGENCY FUNDS HELD FOR OTHER 95779 ACCRUED POST RETIREMENT LIABILITY 1198106 US GOVERNMENT REFUNDABLE ADVANCES 2190770 INTEREST RATE SWAP 2159995 ANNUITIES PAYABLE 614971 CAPITAL LEASE OBLIGATIONS 563423 6823044 Collections of art - description of collections Schedule D, Part III, Line 4 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. Intended uses of endowment funds Schedule D, Part V, Line 4 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. FIN 48 (ASC 740) footnote Schedule D, Part X, Line 2 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, 2012 OR 2011, 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 YEAR ENDED JUNE 30, 2012 OR 2011, RESPECTIVELY. THE COLLEGE IS NO LONGER SUBJECT TO EXAMINATION BY TAXING AUTHORITIES FOR YEARS BEFORE 2009. THE COLLEGE DOES NOT EXPECT THE TOTAL AMOUNT OF UNRECOGNIZED TAX BENEFITS TO SIGNIFICANTLY CHANGE IN THE NEXT 12 MONTHS. true true true true true true true false false false false false false false false true false true Financial aid or assistance from a governmental agency Schedule E, Line 6a 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 ADMISSIONS 86072 CENTRAL AMERICA AND THE CARIBBEAN INVESTMENTS PASSIVE INVESTMENTS 26838000 1 2 26924072 true false true false false false true MARIETTA COLLEGE GRANTS 1141 8883255 MARIETTA COLLEGE SCHOLARSHIPS 837 8291665 GIFT ENDOWED SCHOLARSHIPS 338 1396803 GIFT SUPPORTED SCHOLARSHIPS 67 143290 PRIZES & AWARDS 4 19727 FEDERAL AID (SMART, ACG, CWSP, TEACH, PELL, SEOG) 1231 496691 Procedures for monitoring use of grant funds Schedule I, Part I, Line 2 GRANT FUNDS ARE MONITORED THROUGH AN INSTITUTIONAL ADMINSTRATIVE DATABASE IN ACCORDANCE WITH FEDERAL, STATE, LOCAL AND INSTITUTIONAL REGULATIONS AND POLICIES. X true true X X X X false false false false false false false false false JEAN SCOTT 222165 0 28000 0 6902 0 20240 0 31507 0 308814 0 0 0 DANIEL BRYANT 155449 0 0 0 1386 0 12360 0 0 0 169195 0 0 0 LORI LEWIS 139332 0 0 0 433 0 11343 0 14003 0 165111 0 0 0 ROBERT CHASE 122602 0 0 0 958 0 9983 0 35682 0 169225 0 0 0 Housing allowance or residence for personal use Schedule J, Part I, Line 1a 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. OHIO HIGHER EDUCATIONAL FACILITY COMMISSION 346849674 67756BUB4 2007-04-26 10935000 DESIGN & CONSTRUCTION OF BUILDING false false false OHIO HIGHER EDUCATIONAL FACILITY COMMISSION 346849674 67756BNM8 2004-12-02 24980000 RENOVATION & REFINANCING (REFUNDED BONDS WERE 12/12/97, 6/10/99, 5/9/02 AND 6/5/03) false false false OHIO HIGHER EDUCATIONAL FACILITY COMMISSION 346849674 2011-05-25 24500000 DORMITORY CONSTRUCTION false false false 4795000 0 11355844 0 0 0 187419 56628 0 11111797 0 0 2008 false false true true 12780000 0 25046744 0 0 0 297665 175449 0 4066641 20506989 0 2005 true false true true 0 0 24510054 0 0 0 300000 0 0 17013516 0 7196538 2012 false false false true false false true false true true 0.0245 0.0000 0.0245 true false false true false true true 0.0000 0.0000 0.0000 true false false false false 0.0000 0.0000 0.0000 false true true false 0.0 false 0.0 false true true true false 0.0 false 0.0 false true false true false 0.0 false 0.0 false true INVESTMENT EARNINGS PART II, LINE 3 THE DIFFERENCE BETWEEN PART II LINE 3 AND PART I(E) IS DUE TO INTEREST EARNINGS. X 2 43250 OPINIONS OF EXPERTS X 472 MARKET VALUE X 5 2572 MARKET VALUE X CRYOTHERM WHIRLPOOL UNIT 1 31350 MARKET VALUE X TELESCOPE 1 900 MARKET VALUE X MISC LAB EQUIPMENT 1 8736 MARKET VALUE 0 false true false Explanations of reporting method for number of contributions Schedule M, Part I FOOD INVENTORY: NUMBER OF CONTRIBUTIONS OTHER: NUMBER OF CONTRIBUTIONS ART - WORKS OF ART: NUMBER OF CONTRIBUTIONS OTHER: NUMBER OF CONTRIBUTIONS BOOKS AND PUBLICATIONS: NUMBER OF CONTRIBUTIONS OTHER: NUMBER OF CONTRIBUTIONS Number of contributions or items contributed. Schedule M, part I, column (b), Line 19 NUMBER OF CONTRIBUTIONS Number of contributions or items contributed. Schedule M, part I, column (b), Line other=CRYOTHERM WHIRLPOOL UNIT NUMBER OF CONTRIBUTIONS Number of contributions or items contributed. Schedule M, part I, column (b), Line 1 NUMBER OF CONTRIBUTIONS Number of contributions or items contributed. Schedule M, part I, column (b), Line other=TELESCOPE NUMBER OF CONTRIBUTIONS Delegate broad authority to a committee Form 990, Part VI, Section A, Line 1a 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. Family/business relationships amongst interested persons Form 990, Part VI, Section A, Line 2 TONI ROBINSON-SMITH - FAMILY RELATIONSHIP, EDGAR L. SMITH, JR. - FAMILY RELATIONSHIP Review of form 990 by governing body Form 990, Part VI, Section B, Line 11b 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. Conflict of interest policy Form 990, Part VI, Section B, Line 12c 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. Process used to establish compensation of top management official Form 990, Part VI, Section B, Line 15a COMPENSATION FOR COLLEGE PRESIDENT ESTABLISHED BY COLLEGE BOARD OF TRUSTEES AND DOCUMENTED IN A MULTI-YEAR EMPLOYMENT CONTRACT. ALL COMPENSATION LEVELS COMPARED TO PUBLISHED INDUSTRY DATA (PRIMARY SOURCE - COLLEGE & UNIVERSITY PROFESSIONAL ASSOCIATION FOR HUMAN RESOURCES) FOR REASONABLENESS. THE PROCESS IS UNDERTAKEN ANNUALLY Process used to establish compensation of other officers/key employees Form 990, Part VI, Section B, Line 15b COMPENSATION FOR 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 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 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. Governing documents, conflict of interest policy and financial statements available to the public Form 990, Part VI, Section C, Line 19 AVAILABLE AT MAIN ADDRESS OR PROVIDED IN ELECTRONIC FORMAT UPON REQUEST. Other changes in net assets or fund balances Form 990, Part XI, Line 5 NET UNREALIZED GAINS (LOSSES) ON INVESTMENTS - -1297506; CHANGE IN PERPETUAL TRUSTS HELD BY OTHERS - -843703; ACTUARIAL ADJUSTMENT OF SPLIT INTEREST AGREEMENTS - -64024; FAIR VALUE INTEREST RATE SWAP AEDJUSTMENT - -685316; POST RETIREMENT LIABILITY RELATED CHANGES OTHER THAN PERIODIC COSTS - -53085; BAD DEBT EXPENSE FOR UNCOLLECTABLE PLEDGES - -396500; 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