2011-05-16T09:10:25-05:00 2010-06-30 MALONEY NOVOTNY LLC 1111 SUPERIOR AVENUE SUITE 700 CLEVELAND OH 44114 990 2009-07-01 340714363 OBERLIN COLLEGE OBER 4407758477 173 WEST LORAIN ST CONTROLLERS OF OBERLIN OH 44074 RONALD R WATTS 2011-05-16 CHRISTOPHER B ANDERSON 2163630100 2009 2016-02-24 21:20:13Z RONALD R WATTS VP FOR FINANCE 173 WEST LORAIN STREET OBERLIN OH 44074 1529787992 false X WWW.OBERLIN.EDU X 1834 OH OBERLIN COLLEGE IS A LIBERAL ARTS COLLEGE AND A CONSERVATORY OF MUSIC THAT EXISTS TO ACHIEVE - AND TO ENABLE ITS STUDENTS AND FACULTY TO ACHIEVE - ACADEMIC, ARTISTIC, AND MUSICAL EXCELLENCE. 34 31 3847 50 -2372880 -7890341 30222909 46863663 137485357 145525024 -1687354 29713924 0 0 166020912 222102611 44887220 48977725 0 0 83432591 84535032 0 0 6717484 71524816 67561134 199844627 201073891 -33823715 21028720 947317519 990065743 263166594 241722460 684150925 748343283 OBERLIN COLLEGE IS A LIBERAL ARTS COLLEGE AND A CONSERVATORY OF MUSIC THAT EXISTS TO ACHIEVE - AND TO ENABLE ITS STUDENTS AND FACULTY TO ACHIEVE - ACADEMIC, ARTISTIC, AND MUSICAL EXCELLENCE. OBERLIN'S MISSION IS TO: - GRADUATE LIBERAL ARTS AND CONSERVATORY STUDENTS WHO HAVE LEARNED TO THINK WITH INTELLECTUAL RIGOR, CREATIVITY, AND INDEPENDENCE; - PROVIDE THE HIGHEST LEVEL OF CONSERVATORY EDUCATION TO EXCEPTIONALLY TALENTED YOUNG MUSICIANS; - OFFER SUPERB LIBERAL EDUCATION ACROSS THE ARTS AND SCIENCES, IN THE HUMANITIES, NATURAL AND SOCIAL SCIENCES, AND THE ARTS; - OPEN THE WORLD TO ITS STUDENTS AND DEVELOP IN THEM THE SKILLS AND KNOWLEDGE THEY WILL NEED TO ENGAGE WITH AND NAVIGATE IN HIGHLY DIVERSE COMMUNITIES AND IN A GLOBAL SOCIETY; - NURTURE STUDENTS' CREATIVITY BY PROVIDING RICH CURRICULAR AND CO-CURRICULAR OPPORTUNITIES FOR STUDYING AND MAKING ART AND MUSIC; - HELP STUDENTS CLARIFY AND INTEGRATE THEIR INTELLECTUAL STRENGTHS AND INTERESTS, SOCIAL COMMITMENTS, AND VOCATIONAL ASPIRAT false false 184147049 48977725 142270442 OBERLIN COLLEGE IS A LIBERAL ARTS INSTITUTION MADE UP OF THE COLLEGE OF ARTS AND SCIENCES AND THE CONSERVATORY OF MUSIC. THE COLLEGE SERVES 2,798 FULL-TIME EQUIVALENT UNDERGRADUATE STUDENTS, AWARDING SCHOLARSHIPS TO 2,545 OF THEM. THE AVERAGE STUDENT RECEIVES $19,245 IN FINANCIAL AID. THE COLLEGE IS ESSENTIALLY RESIDENTIAL IN NATURE WITH 2,699 FULL-TIME BOARDS AND 2,414 FULL-TIME RESIDENTS. THE BALANCE OF THE STUDENT BODY IS HOUSED IN PRIVATE OFF-CAMPUS HOUSING WITHIN THE CITY OF OBERLIN, OHIO. 184147049 true true false false false false true true true true true false true true true false true false false false false false true true true false false false false false false false false false true true true false false false true true false false true 519 0 true 3847 true true true true UK IT false false false false false false false 34 31 true false true false false false false true true false false true true true true true true true true false OH X MARK R BATES 4407758477 173 WEST LORAIN STREET OBERLIN OH 44074 Robert S Lemle 16.0 X 0 0 0 Neil S Barsky 2.0 X 0 0 0 Kennette Benedict 2.0 X 0 0 0 Amy Chen 2.0 X 0 0 0 Edith W Clowes 2.0 X 0 0 0 Thomas F Cooper 8.0 X 0 0 0 Assiatou B Diallo 2.0 X 0 0 0 Karen Gebhart Flint 2.0 X 0 0 0 Karen Florini 2.0 X 0 0 0 Robert J Frascino 8.0 X 0 0 0 Alan Houseman 2.0 X 0 0 0 Victor L Hymes 8.0 X 0 0 0 Hidong Kim 2.0 X 0 0 0 Thomas J Klutznick 2.0 X 0 0 0 John D Koch 4.0 X 0 0 0 Stewart A Kohl 4.0 X 0 0 0 Thomas Kutzen 2.0 X 0 0 0 William Lewis 2.0 X 0 0 0 Kofi Lomotey 2.0 X 0 0 0 Chesley Maddox-Dorsey 2.0 X 0 0 0 Joseph L Markoff 2.0 X 0 0 0 Emily McClintock 2.0 X 0 0 0 Mathilda McGee-Tubb 2.0 X 0 0 0 Clyde S McGregor 4.0 X 0 0 0 William L Robinson 2.0 X 0 0 0 David Shapira 2.0 X 0 0 0 Steven Shapiro 2.0 X 0 0 0 Ezra Spier 2.0 X 0 0 0 Susan J Troy 8.0 X 0 0 0 Harlan W Waksal 8.0 X 0 0 0 Sandra N Waters 8.0 X 0 0 0 Elizabeth Welch 2.0 X 0 0 0 Danette Wineberg 4.0 X 0 0 0 Alan Wurtzel 4.0 X 0 0 0 Diane Yu 4.0 X 0 0 0 MARVIN KRISLOV 40.0 X 338743 0 94275 RONALD R WATTS 40.0 X 260294 0 34306 MARCIA E MILLER 40.0 X 199070 0 26517 MARK R BATES 40.0 X 151863 0 20371 SANDHYA L SUBRAMANIAN 40.0 X 154224 0 11657 KATHLEEN A MURPHY 40.0 X 52700 0 3532 WILLIAM E BARLOW 40.0 X 199522 0 4498 DAVID H STULL 40.0 X 253006 0 116150 SEAN M DECATUR 40.0 X 224172 0 24377 DEBRA J CHERMONTE 40.0 X 165463 0 30170 LINDA W GATES 40.0 X 162933 0 34118 MICHAEL M NOLAN 40.0 X 162690 0 25554 DAVID W ORR 40.0 X 198642 0 39660 HARRY N HIRSCH 40.0 X 165730 0 30017 CLAYTON R KOPPES 40.0 X 164260 0 29512 ELLIS W TALLMAN 40.0 X 156993 0 22944 NANCY S DYE 0.0 X 169795 0 31752 ERNEST B ISEMINGER 0.0 X 118440 0 19364 3298540 0 598774 105 true true false PANZICA CONSTRUCTION COMPANY 739 BETA DRIVE MAYFIELD VILLAGE OH 44143 CONSTRUCTION 4763979 NEWMAN ARCHITECTS LLC 300 YORK STREET NEW HAVEN CT 06511 ARCHITECT 1012732 MAROUS BROTHERS CONSTRUCTION 1702 JOSEPH LLOYD PARKWAY WILLOUGHBY OH 44094 CONSTRUCTION 7073403 KRILL COMPANY INCORPORATED 1275 MAIN AVENUE CLEVELAND OH 44113 CONSTRUCTION 12852020 CLARK POST ARCHITECTS LLC 6125 SOUTH BROADWAY LORAIN OH 44053 ARCHITECTS 849348 36 2696534 44167129 1402693 46863663 TUITION & FEES 900099 114066744 114066744 RESIDENTIAL & DINING SERVICES 900099 24717384 24717384 EDUCATIONAL ACTIVITIES 900099 3049103 3049103 OBERLIN INN 721110 2428140 2428140 SUMMER CONFERENCE PROGRAM 900099 437211 437211 826442 826442 145525024 1521163 -2372880 3894043 0 0 1335878142 1307685381 28192761 28192761 28192761 0 0 0 0 222102611 142270442 -2372880 35341386 0 47879816 47879816 1097909 1097909 0 2780399 1068755 1476078 235566 0 61171764 55806710 2223993 3141061 6315714 5860772 258102 196840 10002234 9021583 508670 471981 4264921 3946446 166165 152310 0 454594 454594 94600 94600 0 0 0 0 0 11311935 10446820 334534 530581 765631 765631 0 9893279 9893279 2836030 2187169 227939 420922 0 0 6443942 6443942 0 15960036 15960036 0 FACILITIES EXPENSE 4613332 2945189 1045196 622947 ANNUITY & RLIF PAYMENTS 2272129 2272129 INSTRUCTION EXPENSE 2159706 2159706 GENERAL ADMINISTRATION 1475276 986335 488941 SUPPORTED AUX. OPERATIONS 1263137 1263137 8017507 6413814 658417 945276 201073891 184147049 10209358 6717484 8118214 5370609 66984631 11083625 18714395 22673146 1882394 1689861 517413 1030035 4018143 4220494 521066305 239890034 243436069 281176271 473777217 515000054 119005754 136005256 10863289 11816392 947317519 990065743 43651360 41424176 872121 1080879 179516715 176552130 10436644 9930330 28689754 12734945 263166594 241722460 X 231212359 258314396 244283868 271554294 208654698 218474593 684150925 748343283 947317519 990065743 X false true true X true true X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 108100 7308113 X X X X false false true 536578942 43000714 60726639 10407424 25923520 538268 603437083 743489450 6803524 -172149412 11540877 28558348 1465395 536578942 0.38441 0.31622 0.29936 false false 2306083 6846371 9152454 2605355 339459186 134275095 207789446 158794717 105614939 53179778 11054593 11054593 281176271 FUNDS HELD IN TRUST BY OTHERS 13596236 F NATURAL RESOURCES 24636105 F VENTURE CAPITAL FUNDS 27400450 F OTHER ALTERNATIVE INVESTMENTS 70372465 F 136005256 0 0 222102611 201073891 21028720 44307367 -1143729 43163638 64192358 217433000 44307367 747 44308114 173124886 48977725 48977725 222102611 153240000 1143834 1143834 152096166 48977725 48977725 201073891 FINANCIAL STATEMENT FOOTNOTE REGARDING ART COLLECTION, PART III, LINE 1A: THE COLLEGE HAS ELECTED NOT TO CAPITALIZE CONTRIBUTED COLLECTIONS. ALL WORKS OF ART AND COLLECTIONS ARE HELD FOR PUBLIC EXHIBITION, EDUCATION OR RESEARCH; ARE PROTECTED, KEPT UNENCUMBERED, CARED FOR, AND PRESERVED; AND ARE SUBJECT TO POLICIES GOVERNING THEIR USE. RECOGNIZING WORKS OF ART AS AN ASSET OF THE INSTITUTION WOULD RESULT IN A MATERIAL INCREASE IN PROPERTY, PLANT AND EQUIPMENT AND A CORRESPONDING INCREASE IN NET ASSETS IN THE STATEMENTS OF FINANCIAL POSITION. DESCRIPTION OF ART COLLECTION, PART III, LINE 4: The Allen Memorial Art Museum (AMAM) is one of the finest college or university collections in the United States. Comprising nearly 14,000 works of art from virtually every culture and spanning the history of art, the AMAM's collection is a vital cultural resource for the students, faculty, and staff of Oberlin College as well as the surrounding community. The museum organizes a variety of public programs in connection with exhibitions and for Oberlin College and the local community. The Museum offers educational resources for Oberlin College faculty and students as well as other colleges and universities, K-12 teachers, children, and families. CUSTODIAL FUNDS, PART IV, LINE 2B: IN ADDITION TO FUNDS FROM STUDENT ORGANIZATIONS, THE COLLEGE MAINTAINS AGENCY FUNDS FOR VARIOUS PURPOSES INCLUDING FELLOWSHIPS FUNDED BY OUTSIDE FOUNDATIONS. INTENDED USE OF ENDOWMENT FUNDS, PART V, LINE 4: OBERLIN COLLEGE'S ENDOWMENT SPENDING POLICY IS SET BY THE COLLEGE'S BOARD OF TRUSTEES. THE BOARD OF TRUSTEES TAKES GREAT CARE IN DEVELOPING THE BROAD OBJECTIVES AND SPECIFIC SPENDING METHODOLOGY, GIVING CONSIDERATION TO A NUMBER OF FACTORS, INCLUDING PRESERVATION OF THE COLLEGE'S ENDOWMENT FOR PERPETUITY, ECONOMIC CONDITIONS AND THE POSSIBLE IMPACT OF INFLATION AND DEFLATION, THE COLLEGE'S HISTORICAL TOTAL RETURN ON ENDOWMENT, THE EXPECTED TOTAL RETURNS AND THE RELATED INVESTMENT POLICIES AND TARGETED ALLOCATIONS TO ACHIEVE THE EXPECTED RETURNS, AND THE OTHER FINANCIAL RESOURCES OF THE COLLEGE. THE BROAD OBJECTIVES OF THE ENDOWMENT SPENDING POLICY ARE TO INCREASE THE REAL VALUE OF THE ENDOWMENT, TO PROVIDE A DEPENDABLE STREAM OF CURRENT EARNINGS DISTRIBUTION FROM THE ENDOWMENT POOL TO THE COLLEGE, TO RELEASE EARNINGS AT A RATE SUSTAINABLE OVER THE LONG TERM, AND TO SEEK TO PROVIDE PREDICTABILITY AND STABILITY OF ENDOWMENT SPENDING ESSENTIAL FOR LONG-RANGE PLANNING. FIN 48 FOOTNOTE, PART X, LINE 2: THE COLLEGE IS EXEMPT FROM FEDERAL INCOME TAXES UNDER INTERNAL REVENUE CODE SECTION 501(c)(3). THE COLLEGE GENERATES MINOR AMOUNTS OF UNRELATED BUSINESS INCOME, ANNUALLY FILES FORM 990-T AND PAYS TAXES ON SUCH INCOME. THE COLLEGE RECOGNIZES THE TAX BENEFIT FROM UNCERTAIN TAX POSITIONS 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 POTENTIAL SOURCES OF UNRELATED BUSINESS TAXABLE INCOME. THE COLLEGE BELIEVES THAT IT HAS APPROPRIATE SUPPORT FOR ANY TAX POSITIONS TAKEN AND, AS SUCH, DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE FINANCIAL STATEMENTS. AS OF JUNE 30, 2010, THE COLLEGE'S INCOME TAX YEARS FROM 2006 AND THEREAFTER REMAIN SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE, AS WELL AS VARIOUS STATE AND LOCAL TAXING AUTHORITIES. OTHER CHANGES IN NET ASSETS, PART XI, LINE 8: CHANGE IN INTEREST RATE SWAP LIABILITY: ($694,263); NON-RECURRING BOND DEFEASANCE CHARGE: ($449,466); TOTAL ADJUSTMENT: ($1,143,729) OTHER CHANGES IN REVENUE, PART XII, LINE 2D: ADJUSTMENT TO FINANCIAL STATEMENT AMOUNTS WHICH WERE ROUNDED TO THE NEAREST THOUSAND DOLLARS: $747 OTHER CHANGES IN REVENUE, PART XII, LINE 4B: STUDENT FINANCIAL AID, WHICH WAS SHOWN AS A REDUCTION OF TUITION REVENUE ON FINANCIAL STATEMENTS BUT AS AN EXPENSE IN PART IX OF FORM 990: $48,977,725 OTHER CHANGES IN EXPENSES, PART XIII, LINE 2D: CHANGE IN INTEREST RATE SWAP LIABILITY, WHICH WAS SHOWN AS AN EXPENSE ON FINANCIAL STATEMENTS BUT AS AN OTHER CHANGE IN NET ASSETS ON SCHEDULE D, PART XI OF FORM 990: $694,263; NON-RECURRING BOND DEFEASANCE CHARGE: $449,466; ADJUSTMENT TO FINANCIAL STATEMENT AMOUNTS WHICH WERE ROUNDED TO THE NEAREST THOUSAND DOLLARS: $105; TOTAL ADJUSTMENTS = $1,143,834 OTHER CHANGES IN EXPENSES, PART XIII, LINE 4B: STUDENT FINANCIAL AID, WHICH WAS SHOWN AS A REDUCTION OF TUITION REVENUE ON FINANCIAL STATEMENTS BUT AS AN EXPENSE IN PART IX OF FORM 990: $48,977,725 true true true OBERLIN PUBLICIZES ITS RACIALLY NONDISCRIMINATORY POLICY THROUGH NEWSPAPER ADVERTISING, THE COLLEGE COURSE CATALOG, THE STUDENT REGULATIONS, POLICIES AND PROCEDURES PUBLICATION, AND EMPLOYEE HANDBOOKS. OBERLIN FOLLOWS A VOLUNTARY AFFIRMATIVE ACTION PLAN AND PRODUCES AN ANNUAL WRITTEN REPORT WHICH IS DISTRIBUTED TO THE COMMUNITY. true true true true false false false false false false false false true false OBERLIN COLLEGE PARTICIPATES IN VARIOUS STUDENT FINANCIAL AID PROGRAMS FROM THE U.S. DEPARTMENT OF EDUCATION, INCLUDING THE FOLLOWING PROGRAMS: PELL GRANTS, SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANTS, PERKINS LOANS, AND COLLEGE WORK STUDY PROGRAMS. true true Europe (Including Iceland and Greenland) 2 Program Services STUDY ABROAD PROGRAMS 647568 Central America and the Caribbean Investments Europe (Including Iceland and Greenland) Investments 2 647568 SCHOLARSHIPS Cent. America/Caribbean 6 38867 CRED.TO ACCT SCHOLARSHIPS East Asia/Pacific 33 230308 CRED.TO ACCT SCHOLARSHIPS Europe/Iceland/Greenland 63 564427 CRED.TO ACCT SCHOLARSHIPS Middle East/North Africa 3 32437 CRED.TO ACCT SCHOLARSHIPS North America 5 43343 CRED.TO ACCT SCHOLARSHIPS South America 11 83961 CRED.TO ACCT SCHOLARSHIPS South Asia 5 53768 CRED.TO ACCT SCHOLARSHIPS Sub-Saharan Africa 8 50798 CRED.TO ACCT MONITORING USE OF GRANT FUNDS, PART I, LINE 2: THE COLLEGE ENSURES THAT ITS GRANTS ARE USED FOR EDUCATIONAL PURPOSES BY APPLYING THE FINANCIAL AID AWARDS DIRECTLY TO THE STUDENTS' ACCOUNTS FOR THOSE STUDENTS THAT STUDY ABROAD IN THE COLLEGE'S LONDON AND ITALY PROGRAMS. true SCHOLARSHIPS 2545 47879816 MONITORING USE OF GRANT FUNDS, PART I, LINE 2: THE COLLEGE ENSURES THAT ITS GRANTS OF STUDENT FINANCIAL AID ARE USED FOR THE INTENDED EDUCATIONAL PURPOSES BY APPLYING THE AWARDS DIRECTLY TO THE STUDENTS' TUITION BALANCES INSTEAD OF ISSUING CHECKS. X true true X X X X false false false false false false false false false MARVIN KRISLOV 338743 0 0 0 0 0 80625 0 13650 0 433018 0 0 0 RONALD R WATTS 260294 0 0 0 0 0 32500 0 1806 0 294600 0 0 0 MARCIA E MILLER 199070 0 0 0 0 0 25000 0 1517 0 225587 0 0 0 MICHAEL M NOLAN 162690 0 0 0 0 0 24313 0 1241 0 188244 0 0 0 MARK R BATES 151863 0 0 0 0 0 19205 0 1166 0 172234 0 0 0 DAVID H STULL 253006 0 0 0 0 0 102500 0 13650 0 369156 0 0 0 SEAN M DECATUR 224172 0 0 0 0 0 11000 0 13377 0 248549 0 0 0 SANDHYA L SUBRAMANIAN 154224 0 0 0 0 0 7500 0 4157 0 165881 0 0 0 WILLIAM E BARLOW 199522 0 0 0 0 0 0 0 4498 0 204020 0 0 0 DEBRA J CHERMONTE 165463 0 0 0 0 0 21237 0 8933 0 195633 0 0 0 LINDA W GATES 162933 0 0 0 0 0 25200 0 8918 0 197051 0 0 0 DAVID W ORR 198642 0 0 0 0 0 30210 0 9450 0 238302 0 0 0 HARRY N HIRSCH 165730 0 0 0 0 0 25613 0 4404 0 195747 0 0 0 CLAYTON R KOPPES 164260 0 0 0 0 0 24890 0 4622 0 193772 0 0 0 ELLIS W TALLMAN 156993 0 0 0 0 0 10000 0 12944 0 179937 0 0 0 NANCY S DYE 169795 0 0 0 0 0 26403 0 5349 0 201547 0 0 0 ERNEST B ISEMINGER 118440 0 0 0 0 0 12500 0 6864 0 137804 0 0 0 EXPLANATION OF BENEFITS, PART I, LINE 1A: THE COLLEGE REQUIRES ITS PRESIDENT, MARVIN KRISLOV, TO LIVE ON-CAMPUS AND ACCORDINGLY HAS PROVIDED SUITABLE HOUSING FOR HIM. THE PRESIDENT'S HOME IS USED SUBSTANTIALLY FOR COLLEGE BUSINESS INCLUDING MEETINGS WITH STAFF AND STUDENTS, MEETINGS WITH ALUMNI AND DONORS, AND OTHER COLLEGE-RELATED MATTERS. THE COLLEGE DOES NOT TREAT THE VALUE OF THE HOUSING PROVIDED AS TAXABLE COMPENSATION TO THE PRESIDENT. OHIO HIGHER EDUCATIONAL FACILITY COMMISSION 346846974 67756BJN1 2003-08-26 39842601 EDUCATIONAL FACILITIES false false OHIO HIGHER EDUCATIONAL FACILITY COMMISSION 346849674 67756BVH0 2008-04-18 40000000 EDUCATIONAL FACILITIES false false OHIO HIGHER EDUCATIONAL FACILITY COMMISSION 346849674 67756AP55 2009-10-01 78715883 EDUCATIONAL FACILITIES false false 39842601 11690107 399057 29609468 2008 true false true true 40000000 398022 2009 false false true true 78715883 78007349 708534 2009 true false true true false false true false true 0.00000 0.00000 0.00000 true false false false false true 0.00000 0.00000 0.00000 true false false true false true 0.00000 0.00000 0.00000 true true false true MORGAN STANLEY 28. false false false false true true MORGAN STANLEY 40. false false false false false false false false false STEWART KOHL TRUSTEE 9860970 INVESTMENT IN RIVERSIDE false THOMAS COOPER TRUSTEE 37215787 INVESTMENT IN GMO false X 9 108100 APPRAISAL X 50 1294593 FMV 0 false true true USE OF THIRD PARTIES, PART I, LINE 32B: THE COLLEGE UTILIZES A SECURITIES BROKER TO SELL CERTAIN DONATED SECURITIES. THE FEES CHARGED BY THE BROKER ARE AT OR BELOW FAIR MARKET VALUE. REPORTABLE RELATIONSHIPS, FORM 990, PART VI, LINE 2: CHESLEY MADDOX-DORSEY, TRUSTEE, AND KOFI LOMOTEY, TRUSTEE, HAVE A FAMILY RELATIONSHIP. CHANGES TO ORGANIZING DOCUMENTS, FORM 990, PART VI, LINE 4: The Board of Trustees approved two changes to the College's by-laws in March 2010 to create a standing Audit Committee (formerly a subcommittee of the standing Budget & Finance Committee) and to recognize the role and process followed by the Compensation Subcommittee of the Executive Committee. Pursuant to these by-law changes, the Board delegated the task of reviewing Form 990 to the Audit Committee, further charging the Audit Committee to superintend the audit of the College's books, accounts, and annual financial report, and to ensure compliance with the College's conflict of interest policy. These by-law changes also formalized the Compensation Subcommittee's role in organizing and conducting the presidential review and making recommendations to the Executive Committee and the Board concerning the compensation of the president, officers, and key employees, as well as the process wherein the Subcommittee presents a written report reflecting its recommendations to the Executive Committee for review and approval, presents the approved report to the full Board in executive session for ratification, and files the written report with the Office of the General Counsel and Secretary under seal, to be available for future reviews by the Subcommittee. FORM 990 REVIEW, FORM 990, PART VI, LINE 11A: THE BOARD OF TRUSTEES DELEGATED THE TASK OF REVIEWING FORM 990 TO THE AUDIT COMMITTEE, PURSUANT TO THE COLLEGE'S BY-LAWS AND APPROVED VIA A VOTE OF THE ENTIRE BOARD. AN ELECTRONIC DRAFT COPY OF FORM 990 WAS PROVIDED TO THE AUDIT COMMITTEE IN ADVANCE OF ITS MEETING ON MAY 6, 2011, FOR REVIEW. FOLLOWING THE REVIEW WITH THE OUTSIDE PUBLIC ACCOUNTING FIRM, THE AUDIT COMMITTEE APPROVED FORM 990. AS AN ADDITIONAL LEVEL OF REVIEW AND APPROVAL, THE AUDIT COMMITTEE'S APPROVAL WAS DISCUSSED AT THE EXECUTIVE COMMITTEE MEETING ON MAY 6, 2011, AND THE APPROVAL PROCESS WAS RATIFIED. MONITORING AND ENFORCEMENT OF CONFLICT POLICY, FORM 990, PART VI, LINE 12C: All officers, trustees, directors, and key employees are required to disclose at least annually, and within thirty days after a material change, any relationships, positions, or circumstances that they believe could contribute to a conflict of interest, via a disclosure form that is circulated, along with the College's conflict of interest policy, to all such individuals. The General Counsel and Secretary of the College reviews and analyzes any conflicts and maintains copies of disclosure statements. Violations of the conflict of interest policy are communicated to the chair of the audit committee and the controller of the College, investigated by the College, and promptly corrected, including, where applicable, disciplinary action, up to the individual's removal from his or her position. COMPENSATION REVIEW AND APPROVAL, FORM 990, PART VI, LINE 15: Pursuant to the College's by-laws, approved via a vote of the full board, the compensation arrangements for the President and officers and key employees are approved in advance through the following process. The Compensation Subcommittee of the Board's Executive Committee organizes and conducts the review of the President as the College's Chief Executive Officer, and makes recommendations to the Executive Committee and the Board concerning the compensation of the President and officers and key employees. The Compensation Subcommittee consists of Trustees without a conflict of interest with respect to the compensation arrangement. In formulating its recommendations, the Compensation Subcommittee obtains and relies upon comparability data regarding the compensation of the President and officers and key employees at similarly situated private colleges and universities. The Subcommittee presents to the Executive Committee its written report and recommendations. The Executive Committee may approve the Subcommittee's report and recommendations or act otherwise, and the Executive Committee's action is then presented to the full Board in executive session for ratification. A written report of the approved compensation determination and the basis for that determination is subsequently filed and preserved with the College's General Counsel and Secretary. AVAILABILITY OF DOCUMENTS, FORM 990, PART VI, LINE 19: THE COLLEGE MAKES ITS GOVERNING DOCUMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. ITS AUDITED FINANCIAL STATEMENTS ARE POSTED ON ITS WEB SITE. THE COLLEGE DOES NOT MAKE ITS CONFLICT POLICY AVAILABLE TO THE PUBLIC. COLLEGE PROPERTIES OF OBERLIN INC 173 WEST LORAIN STREET OBERLIN OH 44074 341658407 PPTY HOLDING OH 501(c)(3) 11A OBERLIN COLL COLLEGE PROPERTIES OF SOUTHWEST FLORIDA 173 WEST LORAIN STREET OBERLIN OH 44074 341568219 PPTY HOLDING OH 501(c)(3) 11A OBERLIN COLL COLLEGE PROPERTIES OF NORTHERN OHIOINC 173 WEST LORAIN STREET OBERLIN OH 44074 340960554 PPTY HOLDING OH 501(c)(3) 11A OBERLIN COLL OBERLIN SHANSI MEMORIAL ASSOCIATION 173 WEST LORAIN STREET OBERLIN OH 44074 340768350 EDUCATIONAL OH 501(c)(3) 11A OBERLIN COLL OBERLIN COLLEGE BROADCASTING INC 70 N PROFESSOR STREET OBERLIN OH 44074 263344852 BROADCAST.ED. OH 501(c)(3) 11A OBERLIN COLL THE FIVE COLLEGES OF OHIO 209 CHASE AVENUE EATON CENTER GAMBIER OH 43022 311440434 EDUC.CONSORT. OH 501(c)(3) 11A NA GREAT LAKES COLLEGES ASSOCIATION 535 WEST WILLIAM ANN ARBOR MI 48103 381678376 EDUC.CONSORT. 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