2011-05-16T15:18:13-05:00 2010-06-30 LARSONALLEN LLP 300 Crown Colony Drive Suite 310 Quincy MA 02169 990 2009-07-01 030179593 MARLBORO COLLEGE MARL 8022517607 PO BOX A MARLBORO VT 05344 ELLEN MCCULLOCH LOVELL 8022517607 2011-05-16 1 6179848100 2011-05-16 2009 2016-02-24 21:20:13Z ELLEN MCCULLOCH LOVELL PO BOX A MARLBORO VT 05344 20408850 0 X WWW.MARLBORO.EDU X 1946 VT PROVIDE UNDERGRADUATE AND GRADUATE EDUCATION 23 22 480 0 0 0 2553414 2309507 13355568 13338540 -1447433 661332 383177 314545 14844726 16623924 3997482 4218032 0 8253270 8143194 0 348627 5395957 5506527 17646709 17867753 -2801983 -1243829 56018342 58329013 9321219 9044286 46697123 49284727 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 WIHIN A SELF-GOVERNING COMMUNITY. 0 0 10963410 13641752 PROVIDE POST-SECONDARY LIBERAL ARTS DEGREE PROGRAM FOR APPROXIMATLEY 270 UNDERGRADUATE STUDENTS AND 70 MASTERS OF ARTS AND SCIENCE DEGREE STUDENTS 10963410 1 1 0 0 0 0 0 0 1 1 1 0 1 0 1 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 102 0 1 480 1 0 1 CJ BD 0 0 0 0 0 0 0 23 22 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 0 1 1 0 X ANNE PRATT 8022517607 PO BOX A MARLBORO VT 05344 ELLEN MCCULLOCH-LOVELL 40.00 X X 185126 0 15542 J BARTON GOODWIN 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 MARK ANDERSON 1.00 X 0 0 0 JOHN CHAN 1.00 X 0 0 0 SARA E COFFEY 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 MARY MATTSON KENWORTHY 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 0 0 0 RICHARD H SAUDEK 1.00 X 0 0 0 EDWARD E WENDELL JR 1.00 X 0 0 0 BERNARD WHARTON 1.00 X 0 0 0 BRYANT MORGAN 40.00 X 92591 0 16760 277717 0 32302 1 0 1 0 FITZ VOGT & ASSOC LTD PO BOX 819 WARPOLE NH 03608 FOOD SERVICES 656045 CHESAPEAKE ASSET MANAGEMENT 18310 MONTGOMERY VILLAGE AVENUE SUI GAITHERSBURG MD 20879 INVESTMENT MANAGEMENT 101543 2 249934 2059573 2309507 TUITION AND FEES 611600 11378168 11378168 AUXILIARY SERVICES 611710 1960372 1960372 13338540 492688 492688 675070 565177 109893 109893 109893 3240409 13687 3030631 54821 209778 -41134 168644 168644 164107 134297 29810 29810 OTHER SOURCES 900099 174842 174842 174842 16623924 13682026 0 632391 4218032 4218032 192961 192961 6462590 4443089 1762571 256930 203549 203549 833248 59670 773578 450846 305219 127543 18084 53780 53780 68500 68500 427408 427408 443953 224239 212578 7136 189511 145453 36439 7619 430503 201471 201362 27670 58886 33025 24282 1579 954830 163188 791642 310238 243858 59137 7243 18810 4995 13815 163 163 921344 921344 355321 355321 FOOD & LABOR 701442 679313 14671 7458 OTHER EXPENSES 498344 196459 287115 14770 LIBRARY 47033 45399 1496 138 RECRUITMENT 26461 26461 17867753 10963410 6555716 348627 901 1150 5481234 5412321 157778 63907 247712 230690 149379 134610 177256 158405 31025119 12134739 19655670 18890380 13405941 11631867 14489207 20059408 2253264 1746275 56018342 58329013 1766262 1846519 756403 845397 3495000 3195000 2975948 2916510 327606 240860 9321219 9044286 X 13124627 14683084 5662661 6630104 27909835 27971539 46697123 49284727 56018342 58329013 X 0 1 1 X 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 28798813 2277897 4412588 1454000 34035298 30896588 2040843 -2653192 1485426 28798813 0.08080 0.91920 0 0 601549 601549 21413032 6462051 14950981 5036406 4536412 499994 3974132 1136276 2837856 18890380 NEON LIBERTY 2190289 F MASTIFF 2144320 F COMPASS VENTURE PARTNERS 41219 F ABRAMS CAPITAL 4927936 F DELTA FUND INVESTMENT 2436496 F GEOLOGIC RESOURCES FUND 941464 F GMO EMERGING CURRENCY HEDGE FUNDS 2072483 F DENHAM CAPITAL MANAGEMENT 378037 F NEON-LORIKEET 917684 F ZAIS GROUP 1167501 F SERVERTIS FUND 421008 F GLENMONT CAPITAL MANAGEMENT 255276 F GLENMONT ORLANDO CO-INVESTMENT PARTNERS 253797 F ILS PARTNERS LP 1223621 F EMERGENT GLOBAL FX FUND 488268 F OPEN PEAK INVESTMENT 200009 F 20059408 ANNUITIES 240860 240860 16623924 17867753 -1243829 3975911 -144478 3831433 2587604 13907413 3975911 699474 4675385 9232028 7391896 7391896 16623924 14349196 699474 699474 13649722 4218032 4218032 17867754 Part XI, Line 8 - Other Adjustments: change in value of split-interest agreements: -144478. Part XII, Line 2d - Other Adjustments: RENTAL EXPENSES: 565177. BOOKSTORE COFFEE: 134297. Part XII, Line 4b - Other Adjustments: nonoperating contributions: 31826. loss on disposal of fixed assets: -41134. scholarships: 4218032. INVESTMENT LOSS, NET OF SPENDING POLICY: 3183172. Part XIII, Line 2d - Other Adjustments: RENTAL EXPENSES: 565177. BOOKSTORE COFFEE: 134297. Part XIII, Line 4b - Other Adjustments: scholarships: 4218032. 1 1 1 THE NONDISCRIMINATOIN POLICY IS PUBLISHED IN THE COLLEGE CATALOGUE AND STUDENT HANDBOOK. 1 1 1 1 0 0 0 0 0 0 0 0 1 0 THE ORGANIZATION RECEIVES FEDERAL AND STATE GOVERNMENT GRANT MONEY. 1 CENTRAL AMERICA AND THE CARIBBEAN INVESTMENT 0 0 0 1 SCHOLARSHIPS/ASSISTANCE 288 4218032 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 X 0 0 0 0 0 0 0 0 0 ELLEN MCCULLOCH-LOVELL 150126 0 35000 0 0 0 7852 0 7690 0 200668 0 0 0 X 5 998099 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, FINANCIAL MANAGEMENT OFFICER AND CHIEF PLANNING AND BUDGET OFFER REVIEW THE FORM 990 PRIOR TO A REVIEW 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's COMPENSATION PACKAGE AND UTILIZES THE APPROPRIATE COMPARABILITY DATA WHEN ESTABLISHING THE COMPENSATION PACKAGE. THE EXECUTIVE COMMITTEE REVIEWS THE COMPENSATION PACKAGE FOR OFFICERS AND KEY EMPLOYEES AND UTILIZES THE APPROPRIATE COMPARABILITY DATA WHEN ESTABLISHING THE COMPENSATION PACKAGE. Form 990, Part VI, Section C, line 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST.