Goshen College Inc

“The board may appoint such committees as shall enable the Board to carry on its work efficiently. The Board may, if it so desires, authorize the delegation to any such committee of any of the authority of the Board, however conferred, subject to the limitations of the Indiana Nonprofit Corporation Act of 1991, namely, that no committee may (a) authorize distributions; (b) approve or recommend to the Board (1) dissolution, (2) merger, (3) sale, (4) pledge, or (5) transfer of all or substantially all of the corporation's assets; (c) elect, appoint, or remove Directors or fill vacancies on the Board or on a committee; or (d) adopt, amend, or repeal Articles of Incorporation or Bylaws.”

“The Goshen College Board of Directors submitted the new Statement of Arrangements to the Trusteeship Committee at the December 2023 meeting to align Goshen College's bylaws with the current practices regarding its relationship with the Mennonite Education Agency. The key proposed changes are as follows: MEA will serve as the designee of MC USA in relation to the college's bylaws, the GC Board will handle presidential searches with non-binding input from MEA, all appointments, removals, and vacancies of board members will be subject to GC Board approval, including those selected by MEA, the GC Board will "accept" the audit results, rather than "approve", as previously stated. The bylaws were modified in February 2024 with the approved changes.”

“The Form 990 is reviewed in detail by both the organization's VP for Finance and Operations and Controller. A final copy of the Form 990 is then provided to each board member for their review prior to filing the Form with the IRS.”

“Annual disclosure is provided to each officer and board member. Each person completes an annual conflict of interest questionnaire. Once the questionnaires are completed, the President and Board Chair review the responses and determine whether or not there are any potential conflicts of interest. If there is a potential conflict of interest, the President and Board Chair 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.”

“The process for determining the compensation of the organization's CEO 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 is conducted every three years and documented in the executive committee meeting minutes. This was last undertaken in June 2024.”

“The process for determining the compensation of the organization's 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 is conducted every three years and documented in the executive committee meeting minutes. This was last undertaken in June 2024.”

“The organization's financial statements are available to the public, upon request, from the office of the VP of Finance. 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 - Total Revenue: 7552, Related or Exempt Function Revenue: 7552, Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: ;”

“OTHER REVENUE - Total Revenue: 149489, Related or Exempt Function Revenue: 0, Unrelated Business Revenue: 0, Revenue Excluded from Tax Under Sections 512, 513, or 514: 149489;”

“Continued from Part I: Rooted in the way of Jesus, we will seek inclusive community and transformative justice in all that we do. 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. CHRIST-CENTEREDNESS: * A REFLECTIVE FAITH THAT NURTURES SPIRITUAL GROWTH IN INDIVIDUAL AND CORPORATE CONTEXTS * AN ACTIVE FAITH THAT INFORMS ALL LIFE'S CHOICES PASSIONATE LEARNING: * the mastery of a major field of study as the basis for life-long learning, service, relationships, and work in a socially and culturally diverse context * an extensive foundation of knowledge, skills, processes and methodologies derived from a liberal arts curriculum that are required for systematic study and problem solving SERVANT LEADERSHIP: * a leadership ability that empowers self and others * a healthy understanding of self and others that is reflected in relationships of interdependence and mutual accountability COMPASSIONATE PEACEMAKING: * a personal integrity that fosters the ability to resolve conflict and to promote justice * a commitment to diversity in all of its forms both conceptually and in practice GLOBAL CITIZENSHIP: * an intercultural openness with the ability to function effectively with people of other world views * a responsible understanding of stewardship for human systems and the environment in a multicultural world”

“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.”

“Actuarial adjustment of annuities - 2415; Actuarial adjustment of retirement obligations - -52895;”