2011-04-20T14:22:50-07:00 2010-06-30 990 2009-07-01 350868127 MANCHESTER COLLEGE MANC 2609825000 604 E College Avenue North Manchester IN 46962 Jack Gochenaur 2609825245 2011-04-20 2009 2016-02-24 21:20:13Z Jack A Gochenaur 604 E College Avenue North Manchester IN 46962 48281010 0 X www.manchester.edu X 1902 IN Manchester College respects the infinite worth of every individual and graduates persons of ability and conviction who draw upon their education and faith to lead principled, productive, and compassionate lives that improve the human condition. 37 35 914 10 258284 -1058090 10190346 9865970 31581695 34740406 -3619273 2357803 578510 606792 38731278 47570971 17917604 19445639 0 0 13721438 14499344 0 0 1602224 11248859 10835753 42887901 44780736 -4156623 2790235 81596526 86556280 14005061 13678671 67591465 72877609 Manchester College respects the infinite worth of evey individual and graduates person of ability and conviction who draw upon their education and faith to lead prinicipled, productive and compassionate lives that improve the human condition. 0 0 38508388 18642083 34740406 Instruction and research; provided post-secondary education to more than 1,000 students who are primarily undergraduate residential students in a liberal arts community. 0 0 0 38508388 1 1 0 1 0 0 1 1 1 1 1 0 1 0 1 0 1 0 1 0 0 0 1 1 0 0 0 0 1 1 1 1 1 0 0 0 0 0 0 0 0 1 1742 0 1 914 1 1 1 0 0 0 0 1 1 0 0 0 37 35 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 IN X Jack A Gochenaur 2609825245 604 E College Avenue North Manchester IN 46962 Robert Barcus 1 X 0 0 0 Randall Brown 1 X 0 0 0 Edgar Butterbaugh 1 X 0 0 0 Jose Cardenas 1 X 0 0 0 Karen Crim Dillon 1 X 0 0 0 Sara Edgerton 1 X 0 0 0 Samuel Gunnerson 1 X 0 0 0 David Haist 1 X 0 0 0 Steven Hammer 1 X 0 0 0 William Harper 1 X 0 0 0 Jane Henney 1 X 0 0 0 Kyle Hupfer 1 X 0 0 0 Ruthann Johansen 1 X 0 0 0 Philip Joseph 1 X 0 0 0 Phillip Keiser 1 X 0 0 0 Steven Kile 1 X 0 0 0 Rufus King 1 X 0 0 0 Joel Kline 1 X 0 0 0 Pedro Larco 1 X 0 0 0 Marsha Link 1 X 0 0 0 Paula Eikenberry Mendenhall 1 X 0 0 0 Mary Ann Merryman 1 X 0 0 0 Kenneth Metzger 1 X 0 0 0 J Bentley Peters 1 X 0 0 0 Dr Richard Ringeisen 1 X 0 0 0 Alicia Roberts 1 X 0 0 0 Richard Robins 1 X 0 0 0 Eugene Roop 1 X 0 0 0 Larry Rowland 1 X 0 0 0 Robert Scheer 1 X 0 0 0 Mark Sherman 1 X 0 0 0 Helen Taylor 1 X 0 0 0 Lowell Taylor 1 X 0 0 0 Cynthia Hoff Trochu 1 X 0 0 0 Dr Susan Weybright 1 X 0 0 0 Charles Winger 1 X 0 0 0 John Zeglis 1 X 0 0 0 Kent Zimmerman 1 X 0 0 0 Elvin Zook 1 X 0 0 0 Jo Young Switzer 64 X X 194857 0 44735 John J Haines 1 X 0 0 0 Matt Sprunger 1 X 0 0 0 David McFadden 60 X 128016 0 16077 Jack Gochenaur 50 X 120138 0 19510 Glenn Sharfman 55 X 108250 0 19187 Michael Eastman 65 X 119735 0 12998 Beth Sweitzer-Riley 55 X 90436 0 15257 761432 0 127764 5 0 1 0 Chartwells Dining Services 91337 Collections Drive Chicago IL 60693 dining services 2077137 Group Administrators 915 National Parkway Suite F Shaumburg IL 60173 health plan administrators 280174 Marsh USA 96950 Collection Center Drive Chicago IL 60693 insurance 235243 Michael Kinder & Sons Inc 5206 Decatur Road PO Box 10572 Fort Wayne IN 46853 Design/Build 1145169 U S Bank Equipment Finance 801 Larkspur Lending Center Larkspur CA 94939 Equipment lease 150054 7 0 0 51441 0 4821995 4992534 192910 9865970 Tuition and fees 611310 26199823 26199823 0 0 Room and board 611310 7696692 7696692 0 0 Technology fees 611310 630326 630326 0 0 Orientation/enrollment fees 611310 114290 114290 0 0 Student services/extracurricular 611310 25787 25787 0 0 73488 73488 0 0 34740406 1107035 0 0 1107035 18497 0 0 18497 0 0 0 0 65988 0 10409 0 55579 0 55579 0 0 55579 1223638 8633 0 0 1223638 8633 1232271 0 0 1232271 11779 51441 12981 -1202 0 0 -1202 727221 686649 40572 0 2345 38227 Auxilliary services 721000 406799 0 255939 150860 105044 105044 0 0 511843 47570971 34845450 258284 2601267 0 0 18642083 18642083 803556 803556 948878 527319 264662 156897 10560525 7687926 2096301 776298 603397 439266 119776 44355 1616773 1176990 320935 118848 769771 550539 157416 61816 24884 24884 60000 60000 300874 300874 569278 299954 190516 78808 215948 207332 21 8595 819077 575075 127233 116769 769400 551886 156182 61332 1401067 988119 412948 558531 477398 18158 62975 42862 42862 287104 287104 2029418 2029418 163476 163476 Equipment and maintenance 516920 400493 113826 2601 Curriculum Development 1035907 659447 263530 112930 Library supplies 142258 142258 0 0 Room and board 1701013 1701013 0 0 Conference meals 197736 197736 0 0 44780736 38508388 4670124 1602224 44681 53768 1826547 1906451 1524614 2397775 463968 562651 0 0 0 0 1926097 1914993 283288 290319 361352 262724 75160213 34573026 41282221 40587187 32150316 36697738 1358394 1504853 0 375048 377821 81596526 86556280 1771170 2330651 0 0 598005 653479 5241228 4841717 2446244 1616129 0 0 500000 500000 3448414 3736695 14005061 13678671 X 31741280 34894513 4788149 6482795 31062036 31500301 67591465 72877609 81596526 86556280 X 0 1 1 X 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 1 62332 1 0 0 0 62332 0 SchC_P2B_S00_L01 Schedule C, Part II-B, Line 1 Manchester College sought legislative support for a Federal appropriation to underwrite start up costs for a proposed School of Pharmacy to be located in Fort Wayne, Indiana. 0 0 X X 0 0 1 30998205 589586 4308000 26752 121736 0 35747303 38986908 832487 -7125438 896791 798961 0 30998205 0.07 0.93 0 1 0 4750 737582 742332 389867 61336743 23716768 38009842 0 0 0 0 0 10568306 10023566 544740 0 2122965 832692 1290273 40587187 Ironwood 1009628 F ABS 495225 F 1504853 Cash surrender value of life insurance 341149 Unamortized bond discount 36672 377821 US Government loan funds 2391519 Asset retirement obligation 925113 Refundable deposits 227810 Split interest trusts 192253 3736695 47570971 44780736 2790235 2524456 0 0 0 -28547 2495909 5286144 31068782 2524456 0 0 418994 2943450 28125332 0 19445639 19445639 47570971 25782638 0 0 0 447541 447541 25335097 0 19445639 19445639 44780736 SchD_P03_S00_L01 Schedule D, Part III, Line 1 The College follows a policy not to record or capitalize its collections of works of art, historical treasures and similar assets. 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 disposed of during the year just completed and to report any new acquisitions. At June 30, 2010 and 2009, there were no reportable activities in collections. SchD_P03_S00_L04 Schedule D, Part III, Line 4 Manchester College is home to more than 100 original works of art created in various media by former students and well-known artists. The art decorates buildings across campus, with the majority of work housed in Funderburg Library. The collection adds to the educational purposes of the College by providing a more esthetically pleasing environment in which students can study and learn. A small number of pieces, particularly portraits, can be used as tools for students to examine techniques. SchD_P04_S00_L02b Schedule D, Part IV, Line 2b The college has a number of charitable gift annuities. SchD_P05_S00_L04 Schedule D, Part V, Line 4 Manchester College's endowment funds are used to support scholarships, academic programs and faculty development according to donor restrictions. Board designated endowment funds are used for special projects. SchD_P10_S00_L00 Schedule D, Part X Income Taxes: 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 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, 2010 and 2009. The College is no longer subject to examination by U.S. federal taxing authorities for years before 2006 and for all state income taxes through 2006. 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, 2010 and 2009. SchD_P11_S00_L08 Schedule D, Part XI, Line 8 Change in value of charitable gift annuities and unitrusts SchD_P12_S00_L02d Schedule D, Part XII, Line 2d Cost of goods sold $686,649, rental expenses $10,409, fundraising expenses $12,981, investment management fees ($300,874), change in value of charitable gift annuities and unitrusts ($28,547), internal grants $38,376. SchD_P12_S00_L04b Schedule D, Part XII, Line 4b Tuition discounts SchD_P13_S00_L02d Schedule D, Part XIII, Line 2d Cost of goods sold $686,649, rental expenses $10,409, fundraising expenses $12.981, investment management fees ($300,874). SchD_P13_S00_L04b Schedule D, Part XIII, Line 4b Tuition discounts (Tuition and fees are reported net on the financial statements.) 1 1 1 Manchester College publishes their nondiscriminatory policy in the college catalog. 1 1 1 1 0 0 0 0 0 0 0 0 1 0 The college receives financial assistance from the Department of Education in the form of Title IV funds; Pell grants, Federal Supplemental Education Opportunity grants, Perkins loan funds, Direct loans, etc. The college also receives financial aid from the State Student Assistance Commission of Indiana in grants such as Higher Education awards, Freedom of Choice, 21st Century, etc. 1 1 East Asia and the Pacific 0 0 Grantmaking Student Financial Aid 38361 Europe (including Iceland and Greenland) 0 0 Grantmaking Student Financial Aid 263214 Middle East and North Africa 0 0 Grantmaking Student Financial Aid 161380 North America (including Canada and Mexico, but not the United States) 0 0 Grantmaking Student Financial Aid 64037 South America 0 0 Grantmaking Student Financial Aid 14104 South Asia 0 0 Grantmaking Student Financial Aid 25000 Sub-Saharan Africa 0 0 Grantmaking Student Financial Aid 237460 0 0 803556 Student Financial Aid East Asia and the Pacific 10 38361 Student Financial Aid Actual amount awarded Student Financial Aid Europe (including Iceland and Greenland) 43 263214 Student Financial Aid Actual amount awarded Student Financial Aid Middle East and North Africa 8 161380 Student Financial Aid Actual amount awarded Student Financial Aid North America (including Canada and Mexico, but not the United States) 7 64037 Student Financial Aid Actual amount awarded Student Financial Aid South America 3 14104 Student Financial Aid Actual amount awarded Student Financial Aid South Asia 3 25000 Student Financial Aid Actual amount awarded Student Financial Aid Sub-Saharan Africa 16 237460 Student Financial Aid Actual amount awarded SchF_P01_S00_L02 Schedule F, Part I, Line 2 The primary responsibility for financing a college education rests with the student. Financial aid from the College and other sources is viewed only as supplementary to the efforts of the student and the student's family. Students requesting financial aid are expected to contribute toward their educational expenses through summer or college employment and/or loans in any reasonable combination. Financial aid is an important factor for many students, and 100 percent of Manchester College students receive some combination of grants, scholarships, loans, and work. The College will determine a student's eligibility for financial aid by using the results of the Free Application for Federal Student Aid (FAFSA); the estimated family contribution (EFC) and review of edit (c-codes), as well as the student's academic records and funds available. Manchester College utilizes an awarding matrix based on a combination of academic and financial need criteria referenced above. The College administers financial aid from federal, state, and institutional resources utilizing the federal guidelines established by the U.S. Department of Education. The following steps must be taken by a student to receive a financial aid package from Manchester College: 1. Apply for admission and be admitted to Manchester College. Eligibility for academic scholarships from the College is determined through the admission process. 2. Submit a FAFSA. Eligibility for federal, state and institutional need based grants and loans is determined through this process. The student must designate the results be sent to Manchester College, and Indiana students must have a receipt date between Jan.1 and March 10 to be considered for state grant eligibility. 3. Submit any additional documentation requested by the College. Enrollment Requirements. Students receiving financial aid must maintain full-time enrollment, (a minimum of 12 semester hours) in each of the fall and spring semesters. There are circumstances in which part-time students demonstrating need may be awarded financial aid depending on the guidelines and availability of federal, state and institutional funding. Part-time students must enroll in a minimum of six hours to maintain eligibility for institutional funds and loans. Degree Requirements. Students must be working toward their first baccalaureate degree to be eligible for federal, state or institutional grants and scholarships. Students who have previously completed a baccalaureate degree are eligible for loans only. Auburn Golf 63220 51441 11779 0 1657 4149 5247 0 1928 0 0 63220 51441 11779 0 1657 4149 5247 0 1928 12981 -1202 1 Student Financial Aid 1180 0 18642083 Actual amounts awarded Student Financial Aid is applied directly to student accounts. SchI_P01_S00_L02 Schedule I, Part I, Line 2 The primary responsibility for financing a college education rests with the student. Financial aid from the College and other sources is viewed only as supplementary to the efforts of the student and the student's family. Students requesting financial aid are expected to contribute toward their educational expenses through summer or college employment and/or loans in any reasonable combination. Financial aid is an important factor for many students, and 100 percent of Manchester College students receive some combination of grants, scholarships, loans, and work. The College will determine a student's eligibility for financial aid by using the results of the Free Application for Federal Student Aid (FAFSA); the estimated family contribution (EFC) and review of edit (c-codes), as well as the student's academic records and funds available. Manchester College utilizes an awarding matrix based on a combination of academic and financial need criteria referenced above. The College administers financial aid from federal, state, and institutional resources utilizing the federal guidelines established by the U.S. Department of Education. The following steps must be taken by a student to receive a financial aid package from Manchester College: 1. Apply for admission and be admitted to Manchester College. Eligibility for academic scholarships from the College is determined through the admission process. 2. Submit a FAFSA. Eligibility for federal, state and institutional need based grants and loans is determined through this process. The student must designate the results be sent to Manchester College, and Indiana students must have a receipt date between Jan.1 and March 10 to be considered for state grant eligibility. 3. Submit any additional documentation requested by the College. Enrollment Requirements. Students receiving financial aid must maintain full-time enrollment, (a minimum of 12 semester hours) in each of the fall and spring semesters. There are circumstances in which part-time students demonstrating need may be awarded financial aid depending on the guidelines and availability of federal, state and institutional funding. Part-time students must enroll in a minimum of six hours to maintain eligibility for institutional funds and loans. Degree Requirements. Students must be working toward their first baccalaureate degree to be eligible for federal, state or institutional grants and scholarships. Students who have previously completed a baccalaureate degree are eligible for loans only. X 1 1 X X 0 0 0 0 0 0 0 0 0 Jo Young Switzer 192909 0 0 0 1947 0 20197 0 24538 0 239591 0 0 0 SchJ_P01_S00_L01a Schedule J, Part I, Line 1a For the convenience of the college, and as a condition of employment, the President is provided with housing on the college campus. Related to a substantial contributo Grandchildren of substantial contributor Student financial aid Related to officer Children of an officer Tuition remission Related to Officer Niece of Officer Student financial aid David Switzer Husband of an officer/trustee 60426 Employment 0 Heather Gochenaur Daughter of an officer 35583 Employment 0 Susan Sharfman Wife of an officer 19602 Employment 0 Victoria Eastman Wife of an officer 40080 Employment 0 Lila Hammer Wife of a trustee 52192 Employment 0 X 50 Fair market value X 15 192760 Market quotes X Educational materials 1 100 Fair market value 0 0 1 0 F990_P06_S0B_L11 Form 990, Part VI, Section B, Line 11 The Board of Trustees has assigned the responsibility of annually reviewing the college's Form 990 to the Audit Committee. The Audit Committee provided a summary of their findings to the full Board at the Spring meeting in April. The Board heard and approved the Audit Committee report prior to the Form 990 being filed. The Board of Trustees was also provided access to an electronic copy of the Form 990 immediately following the meeting and prior to its filing. F990_P06_S0B_L12c Form 990, Part VI, Section B, Line 12c Each Board member is required to complete a Conflict of Interest statement annually. The statements are collected and reviewed by both the Chair of the Board and the President. Both make assessments of the comments and discuss the results of their review together. If questions arise as a result of the review they are asked and responded to. Annually the Audit Committee will inquire of the Chair of the Board as to confirmation that all Conflict of Interest statements were turned in, appropriately completed and reviewed. It is the responsibility of the Chair of the Board, the President, and Board member to disclose any conflict of interest in any Board item being considered for action by the Board. F990_P06_S0B_L15 Form 990, Part VI, Section B, Line 15 The President's compensation package is reviewed annually by a Personnel Committee appointed by the Chair of the Board. Data is collected by the Director of Human Resources as requested by the Personnel Committee. Compensation is reviewed and compared to the information provided using at least two sources of comparative information. The personnel Committee reports their recommendations at an executive session of an Executive Committee. Confidential minutes are taken of these discussions and kept for documentation. The Executive Committee reports their work and findings to the Board, also in executive session. The Audit Committee verifies with the Chair of the Board that this process has been appropriately completed annually. F990_P06_S0C_L19 Form 990, Part VI, Section C, Line 19 The college's Form 990 is accessible on the GuideStar website. The Form 990, Form 990T, and audit reports are available upon request. Conflict of Interest statements and other governing documents of the college are considered confidential and are not made available to the public.