2012-03-01T16:00:14-06:00 2011-06-30 CROWE HORWATH LLP 70 West Madison Street Suite 700 Chicago IL 606024903 990 2010-07-01 352158366 GOSHEN COLLEGE INC GOSH 5745357456 1700 South Main Street Goshen IN 46526 JAMES L HISTAND 2012-03-01 true 3128997000 2010 2016-02-24 21:20:13Z JAMES E BRENNEMAN 1700 South Main Street Goshen IN 46526 39428898 false X WWW.GOSHEN.EDU X 1894 IN GOSHEN COLLEGE, INC. IS A LIBERAL ARTS COLLEGE DEDICATED TO THE DEVELOPMENT OF INFORMED, ARTICULATE, SENSITIVE, RESPONSIBLE CHRISTIANS. 13 13 1055 50 310405 -74966 10827830 3541335 28102696 27736626 1002711 1003469 1167981 679754 41101218 32961184 9901009 10257895 0 0 15811111 14664019 0 0 140692 13389660 12983732 39101780 37905646 1999438 -4944462 161997566 177693370 44139557 42083326 117858009 135610044 X GOSHEN COLLEGE, INC. IS A LIBERAL ARTS COLLEGE DEDICATED TO THE DEVELOPMENT OF INFORMED, ARTICULATE, SENSITIVE, RESPONSIBLE CHRISTIANS. (CONTINUED IN SCHEDULE O) false 32507221 10257895 27420679 GOSHEN COLLEGE, INC., A LIBERAL-ARTS EDUCATIONAL CENTER FOR THE TRANSMISSION, ENRICHMENT, ENLARGEMENT AND EMBODIMENT OF THE ANABAPTIST-MENNONITE VISION OF THE CHURCH AS A COMMUNITY OF FAITH FOR THE WORK OF GOD IN THE WORLD, SEEKS TO DEVELOP INFORMED, ARTICULATE, SENSITIVE, RESPONSIBLE CHRISTIAN DISCIPLES. A BACHELOR'S-DEGREE-GRANTING INSTITUTION SPONSORED BY THE MENNONITE CHURCH, GOSHEN COLLEGE IS OPEN TO ALL STUDENTS INTERESTED IN AN EDUCATIONAL PROGRAM WHICH IS COMMITTED TO BIBLICAL FAITH AND PRACTICE AS REVEALED AND DEMONSTRATED BY JESUS CHRIST. AS A MINISTRY OF THE MENNONITE CHURCH, GOSHEN COLLEGE INTENDS TO ENRICH AND EXTEND THE LIFE OF THE CHURCH AND ITS MISSION IN THE WORLD BY TRANSMITTING AND EXPLORING CHRISTIAN FAITH AND DISCIPLESHIP; BY RELATING CHRISTIAN PERSPECTIVES AND VALUES TO LEARNING AND PROFESSIONAL LIFE; BY ENCOURAGING ACTIVE PARTICIPATION AND LEADERSHIP IN CONGREGATIONS; AND BY EXPANDING THE INFLUENCE OF SUCH IDEALS AS LOVE AND PEACE, JUSTICE AND ORDER, STEWARDSHIP AND BENEVOLENCE. (CONTINUED IN SCHEDULE O) 1005403 0 315947 THE RESOURCES OF LAND AND PEOPLE AT THE MERRY LEA ENVIRONMENTAL LEARNING CENTER OF GOSHEN COLLEGE (MERRY LEA) ARE DEDICATED TO: PROVIDING A NATURAL SANCTUARY FOR NORTHERN INDIANA'S PLANTS AND ANIMALS; PROVIDING ENVIRONMENTAL EDUCATION FOR PEOPLE OF ALL AGES; AND PROVIDING A SETTING FOR RE-CREATING OPPORTUNITIES THAT BENEFIT THE HUMAN BODY AND SPIRIT WHILE NOT EXPLOITING THE LAND OR EXCESSIVELY DISTURBING ITS ECOSYSTEMS. GOSHEN COLLEGE AT MERRY LEA IS COMMITTED TO THE DEVELOPMENT OF A MULTIFACETED ENVIRONMENTAL PROGRAM THAT TEACHES ABOUT CHRISTIAN STEWARDSHIP OF NATURAL AND HUMAN RESOURCES. 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ONE PERCENT OF DUES PAID WERE USED FOR SPECIFIC LOBBYING PURPOSES, WHICH TOTALED $22 FOR THE YEAR ENDED JUNE 30, 2011. 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THESE COLLECTIONS ARE HELD FOR PUBLIC EXHIBITION, EDUCATION AND RESEARCH IN FURTHERANCE OF THE COLLEGE'S EDUCATIONAL AND PUBLIC SERVICE MISSION. THE COLLECTIONS ARE APPROPRIATELY CARED FOR AND PRESERVED AND SUBJECT TO A COLLEGE POLICY THAT REQUIRES THE PROCEEDS FROM SALES, IF ANY, OF COLLECTION ITEMS TO BE USED TO ACQUIRE OTHER ITEMS FOR THE COLLECTION AND TO ANNUALLY REPORT IN THE AUDITED FINANCIAL STATEMENTS THE RECORDING OF ANY ITEMS SOLD, DESTROYED OR OTHERWISE DEACCESSED DURING THE YEAR JUST COMPLETED AND TO REPORT ANY NEW ACQUISITIONS. AT JUNE 30, 2011 AND 2010, THERE WERE NO SIGNIFICANT REPORTABLE ACTIVITIES IN COLLECTIONS. Collections of art - description of collections Schedule D, Part III, Line 4 SEE NARRATIVE FOR SCHEDULE D, PART III, LINE 1A. Intended uses of endowment funds Schedule D, Part V, Line 4 THE COLLEGE'S ENDOWMENT FUNDS CONSIST OF DONOR-RESTRICTED ENDOWMENT FUNDS AND FUNDS DESIGNATED BY THE BOARD OF DIRECTORS TO FUNCTION AS ENDOWMENTS, WHICH ARE BOTH HELD WITHIN THE MEA GROWTH POOL, AS WELL AS FUNDS HELD BY OTHERS AND IRREVOCABLE TRUSTS FOR THE BENEFIT OF THE COLLEGE. THE PURPOSE OF THE ENDOWMENT FUNDS IS TO FACILITATE DONORS' DESIRES TO SUPPORT COLLEGE PROGRAMS OVER THE LONG RUN. IN DOING SO, THE ENDOWMENT FUND WILL PROVIDE A SECURE, LONG-TERM SOURCE OF FUNDS TO (I) ENSURE LONG-TERM GROWTH; (II) PROVIDE FOR INTERGENERATIONAL EQUITY; (III) PROVIDE A PERMANENT RESOURCE FOR SCHOLARSHIP FUNDING FOR STUDENTS; AND (IV) SUPPORT THE ADMINISTRATIVE EXPENSES OF THE COLLEGE AS DEEMED APPROPRIATE FIN 48 (ASC 740) footnote Schedule D, Part X, Line 2 THE INTERNAL REVENUE SERVICE HAS DETERMINED THAT THE COLLEGE IS A TAX EXEMPT, NOT-FOR-PROFIT ORGANIZATION AS DEFINED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE ("IRC"). AS SUCH, THE COLLEGE IS GENERALLY NOT SUBJECT TO FEDERAL OR STATE INCOME TAXES EXCEPT FOR CERTAIN INCOME DERIVED FROM UNRELATED BUSINESS ACTIVITIES AS DEFINED BY THE IRC. ANY SUCH TAXES RESULTING FROM UNRELATED BUSINESS ACTIVITIES ARE INSIGNIFICANT TO THE OPERATIONS OF THE COLLEGE. U.S. 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 THE 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 OF 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, 2011 AND 2010. THE COLLEGE IS NO LONGER SUBJECT TO EXAMINATION BY THE U.S FEDERAL TAXING AUTHORITIES FOR YEARS BEFORE 2007 AND FOR ALL STATE INCOME TAXES THROUGH 2007. THE COLLEGE DOES NOT EXPECT THE TOTAL AMOUNT OF UNRECOGNIZED TAX BENEFITS TO SIGNIFICANTLY CHANGE IN THE NEXT 12 MONTHS. 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 AS OF JUNE 30, 2011 AND 2010. Other changes in net assets Schedule D, Part XI, Line 8 UNREALIZED GAINS ON INTEREST RATE SWAPS - 741284; ACTUARIAL ADJUSTMENT OF ANNUITIES - -139554; Other revenues in audited financial statements not in form 990 Schedule D, Part XII, Line 2d UNREALIZED GAINS ON INTEREST RATE SWAPS - 741284; ACTUARIAL ADJUSTMENT OF ANNUITIES - -139554; Other revenues in form 990 not in audited financial statements Schedule D, Part XII, Line 4b TUITION DISCOUNTS AND SCHOLARSHIPS - 9896482; FUNDRAISING EVENT EXPENSES - -9196; Other expenses in form 990 not in audited financial statements Schedule D, Part XIII, Line 4b TUITION DISCOUNTS AND SCHOLARSHIPS - 9896482; FUNDRAISING EVENT EXPENSES - -9196; true true true true true true true false false false true false false false false true false true Financial aid or assistance from a governmental agency Schedule E, Line 6a THE ORGANIZATION RECEIVES FINANCIAL ASSISTANCE FROM GOVERNMENTAL AGENCIES IN THE FORM OF SCHOLARSHIP AND GRANT FUNDS FOR STUDENTS' TUITION AND RELATED EXPENSES. CENTRAL AMERICA AND THE CARIBBEAN 0 0 PROGRAM SERVICES HIGHER EDUCATION/STUDY ABROAD PROGRAMS 173324 SUB SAHARAN AFRICA 0 0 PROGRAM SERVICES HIGHER EDUCATION/STUDY ABROAD PROGRAMS 146920 SOUTH AMERICA 0 0 PROGRAM SERVICES HIGHER EDUCATION/STUDY ABROAD PROGRAMS 276807 EUROPE (INCLUDING ICELAND AND GREENLAND) 0 0 PROGRAM SERVICES HIGHER EDUCATION/STUDY ABROAD PROGRAMS 279541 MIDDLE EAST AND NORTH AFRICA 0 0 PROGRAM SERVICES HIGHER EDUCATION/STUDY ABROAD PROGRAMS 120068 0 0 996660 false false false false false false MAPLE LEAF GOLF OUTING 25188 18763 6425 0 2044 4866 2286 0 0 0 0 25188 18763 6425 0 2044 4866 2286 0 0 9196 -2771 true NEED-BASED SCHOLARSHIPS 754 2683687 0 N/A N/A MERIT-BASED SCHOLARSHIPS 245 7574208 0 N/A N/A Procedures for monitoring use of grant funds Schedule I, Part I, Line 2 GRANT FUNDS/SCHOLARSHIPS ARE CREDITED DIRECTLY TO THE STUDENTS' ACCOUNTS TO ENSURE THE APPROPRIATE USE OF FUNDS. CITY OF GOSHEN INDIANA 356001045 383259BC1 2007-05-09 31800000 TO FINANCE CAPITAL PROJECTS AND REFUND PRIOR BOND ISSUES (5/29/02 AND 6/10/04) false false false 1275000 0 31967272 0 119172 0 140051 55285 0 5975215 0 0 2007 true false true true false false true false true 0.0000 0.0000 0.0000 true false true false false false true TOTAL PROCEEDS OF ISSUE SCHEDULE K, PART II, LINE 3 GROSS PROCEEDS - $31,800,000 INVESTMENT EARNINGS ON PROCEEDS - $167,272 X 1 200 MARKET VALUE X 3600 MARKET VALUE X 15 16872 MARKET VALUE X 2 120419 OPINIONS OF EXPERTS X ORGAN & BENCH 1 6000 MARKET VALUE X ATHLETIC EQUIPMENT 2 3200 MARKET VALUE X ART SUPPLIES 2 677 MARKET VALUE X ATHLETIC TICKETS 1 1160 MARKET VALUE X MUSIC BOOKS AND SHEET MUSIC 1 275 MARKET VALUE 0 false true false ORGANIZATION'S MISSION FORM 990, PART III, LINE 1 (CONTINUED FROM PART III) AS A MINISTRY OF THE MENNONITE CHURCH, WE SEEK TO INTEGRATE CHRISTIAN VALUES WITH EDUCATIONAL, SOCIAL, AND PROFESSIONAL LIFE. AS A COMMUNITY OF FAITH AND LEARNING, WE STRIVE TO FOSTER PERSONAL, INTELLECTUAL, SPIRITUAL, AND SOCIAL GROWTH IN EVERY PERSON. WE VIEW EDUCATION AS A MORAL ACTIVITY THAT PRODUCES SERVANT-LEADERS FOR THE CHURCH AND THE WORLD. AT GOSHEN COLLEGE WE INTEND TO CREATE A COMMUNITY OF FAITH AND LEARNING BUILT ON FIVE CORE VALUES: CHRIST-CENTEREDNESS, PASSIONATE LEARNING, SERVANT LEADERSHIP, COMPASSIONATE PEACEMAKING, AND GLOBAL CITIZENSHIP. GOSHEN COLLEGE'S ACADEMIC PROGRAM IS INTEGRATED INTO ALL ASPECTS OF COLLEGE LIFE, CURRICULAR AND CO-CURRICULAR. WE ENCOURAGE STUDENTS TO LEARN AND GROW BEYOND THE PARAMETERS OF THEIR DISCIPLINE-BASED TRAINING, TO RECOGNIZE THE POWERFUL CONNECTION BETWEEN THE DISCIPLINES, AND BETWEEN THE EDUCATION OF THE MIND, BODY AND SPIRIT. PROGRAM SERVICE ACCOMPLISHMENTS FORM 990, PART III, LINE 4A (CONTINUED FROM PART III) AS A LIBERAL-ARTS COLLEGE, GOSHEN STRIVES TO BE A COMMUNITY OF EDUCATORS AND STUDENTS PROVIDING A LEARNING ENVIRONMENT WHICH: -- FOSTERS PERSONAL, SOCIAL, INTELLECTUAL AND SPIRITUAL GROWTH; -- NURTURES THOSE SKILLS, PROCESSES, DISCIPLINES AND METHODOLOGIES REQUIRED FOR SYSTEMATIC STUDY AND PROBLEM SOLVING; -- PROVIDES SUFFICIENT KNOWLEDGE IN ONE SUBJECT AREA AS A BASE FOR ADVANCED TRAINING OR PROFESSIONAL WORK; -- DEVELOPS AN APPRECIATION FOR AND CRITICAL UNDERSTANDING OF HUMAN EXPERIENCE AND CULTURAL VARIETY; AND -- BUILDS CONFIDENCE, ACCEPTANCE AND IDENTITY NECESSARY FOR PURPOSEFUL LIVING IN CHURCH AND SOCIETY. AS A CENTER OF CONTINUING STUDY AND RESEARCH ON ISSUES OF IMPORTANCE TO THE CHURCH AND LARGER SOCIETY AND AS A CENTER FOR CONTINUING EDUCATION AND PUBLIC SERVICE, GOSHEN COLLEGE EXPECTS TO ASSIST MENNONITE CONGREGATIONS AND AGENCIES AND THE COMMUNITY OF ELKHART AND SURROUNDING COUNTIES THROUGH THE INCREASE AND DISSEMINATION OF KNOWLEDGE IN RESEARCH, WRITING AND PUBLICATIONS, BY PROVIDING LIFE-LONG EDUCATIONAL AND CULTURAL ACTIVITIES, AND BY ENCOURAGING EXPANDED AWARENESS AND MORE RESPONSIBLE SERVICE IN THE WORLD. DURING THE 2010-2011 ACADEMIC YEAR, THE ORGANIZATION HAD A FULL-TIME EQUIVALENT OF 955.5 UNDERGRADUATE AND 80.5 GRADUATE STUDENTS FROM MORE THAN 35 STATES AND 37 COUNTRIES. GOSHEN COLLEGE OFFERS STUDENTS 34 MAJORS AND 36 MINORS, AS WELL AS RIGOROUS PRE-PROFESSIONAL AND CERTIFICATE PROGRAMS. GOSHEN COLLEGE IS ALSO HOME TO ONE OF THE TOP-RANKED STUDY ABROAD PROGRAMS IN THE COUNTRY, AND ONE OF THE FEW THAT EMPHASIZES SERVICE AND COMPLETE CULTURAL IMMERSION. PROGRAM SERVICE ACCOMPLISHMENTS FORM 990, PART III, LINE 4B (CONTINUED FROM PART III) THOSE ASSOCIATED WITH THE CARE, MANAGEMENT, AND OWNERSHIP OF MERRY LEA RECOGNIZE THAT WE ARE ACCOUNTABLE TO GOD FOR OUR STEWARDSHIP OF RESOURCES IN THE SAME WAY WE ARE ACCOUNTABLE FOR OTHER ASPECTS OF OUR LIVES. WE RECOGNIZE WORLD ENVIRONMENTAL ISSUES AND THEIR RELATIONSHIP TO ISSUES OF JUSTICE IN OUR NEIGHBORHOOD, REGION, OR COUNTRY. WE CHOOSE TO ADDRESS THE ISSUES OF NATIONAL AND INTERNATIONAL SCALE BY CONCENTRATING ON THE EDUCATION AND MOTIVATION OF THOSE WHO VISIT US. WE WILL NOT BE ADVERSARIAL IN OUR APPROACHES TO OTHERS, BUT VISITORS WILL BE INVITED TO MAKE APPROPRIATE CHANGES IN THEIR LIVES. OUR FOCUS AT MERRY LEA IS TO LOOK AFTER THE HEALTH OF MERRY LEA'S ECOSYSTEMS, THE QUALITY OF HER EDUCATIONAL PROGRAMS, AND THE RESTORATIVE PROPERTIES OF RECREATIONAL EXPERIENCES. AS WE ATTEND TO THE QUALITY OF OUR SERVICES AND THE EFFICIENCY WITH WHICH WE DELIVER THEM, WE WILL ALSO EFFECTIVELY TEACH STEWARDSHIP OF OUR EARTH. WE WILL DEVELOP AN APPROPRIATE PHYSICAL PLANT, MAINTAIN A VIGOROUS EDUCATIONAL PROGRAM, AND DEVELOP BROAD-BASED, CONTINUING FINANCIAL SUPPORT TO CARRY OUT THIS MISSION. Members or stockholders electing members of governing body Form 990, Part VI, Section A, Line 7a MENNONITE EDUCATION AGENCY, INC., A RELATED ORGANIZATION, HAS THE POWER TO APPOINT 75% OF GOSHEN COLLEGE'S BOARD OF DIRECTORS. Review of form 990 by governing body Form 990, Part VI, Section B, Line 11b THE FORM 990 IS REVIEWED IN DETAIL BY THE ORGANIZATION'S CFO AND CONTROLLER. THEN A FINAL DRAFT OF THE FORM 990, EXCLUDING SCHEDULE B, IS PRESENTED TO THE ORGANIZATION'S FINANCE COMMITTEE BY OUR TAX ADVISORS. A FINAL COPY OF THE FORM 990, EXCLUDING SCHEDULE B, IS THEN PROVIDED TO EACH BOARD MEMBER FOR THEIR REVIEW PRIOR TO FILING THE FORM WITH THE IRS. Conflict of interest policy Form 990, Part VI, Section B, Line 12c ANNUAL DISCLOSURE IS PROVIDED TO EACH OFFICER, BOARD MEMBER, AND ADMINISTRATIVE STAFF. EACH PERSON COMPLETES AN ANNUAL CONFLICT OF INTEREST QUESTIONNAIRE. ONCE THE QUESTIONNAIRES ARE COMPLETED, THE CONTROLLER REVIEWS THE RESPONSES AND DETERMINES WHETHER OR NOT THERE ARE ANY POTENTIAL CONFLICTS OF INTEREST. IF THERE IS A POTENTIAL CONFLICT OF INTEREST, THE PRESIDENT, TREASURER, AND CONTROLLER REVIEW THE CORRESPONDING ISSUE AND DETERMINE IF THERE IS AN ACTUAL CONFLICT OF INTEREST. IF AN ACTUAL CONFLICT OF INTEREST IS DETERMINED TO EXIST, THAT PERSON IS EXCLUDED FROM ANY DISCUSSIONS CONCERNING THE CONFLICTING ISSUE AND IS NOT PERMITTED TO VOTE ON ANY DECISIONS REGARDING THE CONFLICTING ISSUE. ANY PURCHASES AND/OR BIDDING PROPOSALS ARE ALSO REVIEWED FOR ANY POTENTIAL CONFLICTS OF INTEREST PRIOR TO SUBMITTING BIDS OR MAKING PURCHASES. Process used to establish compensation of top management official Form 990, Part VI, Section B, Line 15a THE PROCESS FOR DETERMINING THE COMPENSATION OF THE ORGANIZATION'S CEO AND VP OF FINANCE INCLUDES A REVIEW AND APPROVAL BY THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS, WHICH CONSISTS OF INDEPENDENT PERSONS. THE EXECUTIVE COMMITTEE USES COMPARATIVE DATA FROM A BENCHMARK SET OF INSTITUTIONS DEVELOPED BY THE COLLEGE AND UNIVERSITY PROFESSIONAL ASSOCIATION FOR HUMAN RESOURCES (CUPA-HR) TO DETERMINE THE AMOUNT OF COMPENSATION. THIS PROCESS WAS DOCUMENTED IN THE EXECUTIVE COMMITTEE MEETING MINUTES AND WAS LAST UNDERTAKEN IN OCTOBER 2010. Process used to establish compensation of other officers/key employees Form 990, Part VI, Section B, Line 15b SEE NARRATIVE FOR FORM 990, PART VI, SECTION B, LINE 15A. Public Disclosure Form 990, Part VI, Section C, Line 19 THE ORGANIZATION'S FINANCIAL STATEMENTS ARE POSTED ON THE VP OF FINANCE'S WEBSITE (WWW.GOSHEN.EDU/FINANCEVP). GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICIES ARE NOT REQUIRED DISCLOSURES PURSUANT TO INTERNAL REVENUE CODE (IRC) SECTION 6104. THESE DOCUMENTS ARE NOT AVAILABLE TO THE PUBLIC AT THIS TIME. Other changes in net assets or fund balances Form 990, Part XI, Line 5 NET UNREALIZED GAINS (LOSSES) ON INVESTMENTS - 22094767; UNREALIZED GAINS ON INTEREST RATE SWAPS - 741284; ACTUARIAL ADJUSTMENT OF ANNUITIES - -139554; MENNONITE EDUCATION AGENCY INC 63846 COUNTY ROAD 35 SUITE 1 GOSHEN IN 46528 352154781 EDUCATION IN 501(C)(3) 7 NA false false true false false false false false false false false true false false false true false false