2013-07-15T11:20:40-05:00 2012-06-30 410746749 CLIFTONLARSONALLEN LLP 300 CROWN COLONY DRIVE SUITE 310 QUINCY MA 02169 990 2011-07-01 030179593 MARLBORO COLLEGE MARL 8022517607 2582 SOUTH ROAD PO BOX A MARLBORO VT 05344 ELLEN MCCULLOCH-LOVELL 8022517607 2013-06-19 1 P00078514 6179848100 2013-06-19 2011 2016-02-24 21:20:13Z X ELLEN MCCULLOCH LOVELL 2582 SOUTH ROAD PO BOX A MARLBORO VT 05344 26496507 0 X WWW.MARLBORO.EDU X 1946 VT PROVIDE UNDERGRADUATE AND GRADUATE EDUCATION 20 19 471 27 -101258 -102258 2285912 4337015 13139158 13446420 1138143 387353 1093025 874130 17656238 19044918 3934545 4363243 0 0 8294313 8538601 0 0 320954 6908345 6710513 19137203 19612357 -1480965 -567439 62615675 59424963 8769070 8137747 53846605 51287216 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 12029312 4363243 13432686 EDUCATIONPROVIDE POST-SECONDARY LIBERAL ARTS DEGREE PROGRAM FOR APPROXIMATLEY 270 UNDERGRADUATE STUDENTS AND 70 MASTERS OF ARTS AND SCIENCE DEGREE STUDENTS. 12029312 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 0 1 97 0 471 1 1 1 1 CJ BD 0 0 0 0 0 0 0 0 X 20 19 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 196759 0 23752 DEAN NICYPER 1.00 X 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 THOMAS PI GODDARD 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 J BARTON GOODWIN 1.00 X 0 0 0 RICHARD H SAUDEK 1.00 X 0 0 0 EDWARD E WENDELL JR 1.00 X 0 0 0 KEVIN WENCK 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 100159 0 22618 296918 0 46370 2 0 1 0 METZ AND ASSOCIATES LTD TWO WOODLAND DR DALLAS PA 18612 FOOD SERVICE 558395 AMERICAN CONSTRUCTION 14 TERRACE ST BRATTLEBORO VT 05301 CONSTRUCTION CO 527226 THERMAL HOUSE PO BOX 8063 BRATTLEBORO VT 05304 BUILDING CONTRACTOR 206435 AL TYLER & SONS INC 175 CANAL STREET BRATTLEBORO VT 05301 CONTRACTORS 150764 COURTLAN CONSTRUCTION INC PO BOX 38 11 WELCOME HILL ROAD WEST CHESTERFIELD NH 03466 CONTRACTORS 117615 6 193117 4143898 1436142 4337015 TUITION AND FEES 611600 11305371 11305371 AUXILIARY SERVICES 611710 2141049 2141049 13446420 272171 272171 761809 0 761809 761809 761809 7566771 7440157 11432 126614 -11432 115182 115182 OTHER SOURCES 900099 112321 -101258 213579 112321 19044918 13446420 -101258 1362741 4363243 4363243 353368 353368 6566732 4784185 1542853 239694 195494 195494 951385 59085 892300 471622 329194 125120 17308 32659 32659 77250 77250 565293 565293 817959 526050 280468 11441 140373 97103 36200 7070 436505 183431 224907 28167 32097 16324 14879 894 831602 195265 636337 318284 243200 74320 764 21565 7304 14261 192619 192619 939403 939403 331055 5625 325430 FOOD & LABOR 691307 641360 44274 5673 MAINTENANCE CONTRACTS 57568 8525 46843 2200 LIBRARY 40097 38873 1224 RECRUITMENT 25037 19814 5223 1159840 510731 641366 7743 19612357 12029312 7262091 320954 2027330 1740913 4855269 3757508 108983 467096 147208 233904 132041 141440 153428 106224 144495 33427118 13703668 19369125 19723450 12152702 12245399 22779009 20376372 928385 450357 62615675 59424963 1909627 1599574 862292 791677 2895000 2595000 2854574 2790034 247577 361462 8769070 8137747 X 16561099 16735187 9272448 6045307 28013058 28506722 53846605 51287216 62615675 59424963 X -567439 -1991950 X X 0 1 1 X 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 40074198 324414 -1342398 2315985 36740229 34035298 1000864 6801036 1763000 40074198 28798813 2277897 4412588 1454000 34035298 30896588 2040843 -2653192 1485426 28798813 0.07940 0.76710 0.15350 0 0 862331 862331 22992856 7620112 15372744 9571931 6083556 3488375 19723450 NEON LIBERTY 2192661 F MASTIFF 2250671 F COMPASS VENTURE PARTNERS 15564 F ABRAMS CAPITAL 4559393 F DELTA FUND INVESTMENT 2014316 F GEOLOGIC RESOURCES FUND 1160513 F DENHAM CAPITAL MANAGEMENT 375070 F NEON-LORIKEET 1209070 F ZAIS GROUP 686493 F SERVERTIS FUND 575271 F GLENMONT CAPITAL MANAGEMENT 782582 F GLENMONT ORLANDO CO-INVESTMENT PARTNERS 362801 F ILS PARTNERS LP 87458 F OPEN PEAK INVESTMENT 200009 F OPEN PEAK V, LP 187857 F DISCOVERY EQUITY PARTNERS 1131667 F RIVERWOOD 581579 F JAPAN CHICKADEE 800366 F GREEN EAGLE 965830 F PRIMAVERA INVESTMENT 237201 F 20376372 ANNUITIES 212387 ENVIRONMENTAL REMEDIATION LIABILITY 149075 361462 19044918 19612357 -567439 -1693909 -298041 -1991950 -2559389 12124432 -1693909 -298041 -1991950 14116382 565293 4363243 4928536 19044918 14683821 0 14683821 565293 4363243 4928536 19612357 DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: 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 2009, 2010 AND 2011 TAX YEARS ARE OPEN FOR EXAMINATION BY THE IRS. PART XI, LINE 8 - OTHER ADJUSTMENTS: CHANGE IN VALUE OF SPLIT-INTEREST AGREEMENTS -298,041. PART XII, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN VALUE OF SPLIT-INTEREST AGREEMENTS -298,041. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS 4,363,243. PART XIII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS 4,363,243. 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, STUDENT HANDBOOK, AND ON THE WEBSITE. EXPLANATION OF GOVERNMENT FINANCIAL ASSISTANCE SCHEDULE E, PART I, LINE 6 THE ORGANIZATION RECEIVES FEDERAL AND STATE GOVERNMENT GRANT MONEY. 1 SCHOLARSHIPS/ASSISTANCE 330 4363243 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 X 0 0 0 0 0 0 0 0 0 ELLEN MCCULLOCH-LOVELL 160806 0 35000 0 953 0 8040 0 15712 0 220511 0 0 0 X 6 1186142 FMV X 1 250000 FMV 0 0 0 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, SENIOR FINANCIAL MANAGEMENT OFFICER, AND CHIEF PLANNING AND BUDGET OFFICER REVIEW THE FORM 990 PRIOR TO A REVIEW AND APPROVAL BY THE AUDIT COMMITTEE. THE AUDIT COMMITTEE 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 5: NET UNREALIZED LOSSES ON INVESTMENTS: -1,693,909. CHANGE IN VALUE OF SPLIT-INTEREST AGREEMENTS -298,041. TOTAL TO FORM 990, PART XI, LINE 5: -1,991,950. FORM 990, PART XII, LINE 2C: NO CHANGE IN METHOD FROM PRIOR YEAR. EXPLANATION OF AMENDED RETURN FORM 990, PAGE 1 THIS AMENDED FORM 990 IS BEING PREPARED TO REVISE THE COMPENSATION AND BENEFITS RERPOTED IN THE ORIGINALLY FILED RETURN. THE AMOUNTS REPORTED ON THE FORM 990 PART VII, PART IX LINES 5 AND 9, AND SCHEDULE J HAVW BEEN ADJUSTED FOR THE ORGANIZATION'S PRESIDENT AND CHIEF BUDGET AND PLANNING OFFICER. CHARITABLE REMAINDER UNITRUST (1) CHARITABLE FUNDING VT 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