Civic Intelligence

Goshen College Inc.

990 • Fiscal year 2014 • EIN 35-2158366

Jul 01, 2013 to Jun 30, 2014 • Filed on Feb 24, 2015

1700 South Main Street46526

(574) 535-7456

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

37th percentile

0.21x

Higher debt load relative to assets than 37% of similar nonprofits.

2014 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2014

Liabilities / Revenue

75th percentile

1.07x

Higher debt load relative to revenue than 75% of similar nonprofits.

2014 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2014

Net Margin

9th percentile

-10%

Higher net margin than 9% of similar nonprofits.

2014 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2014

Top Officer Pay

9th percentile

$180,305

Higher top officer pay than 9% of similar nonprofits.

Top officer pay equals 0.5% of source-year revenue.

2014 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2014

Asset Growth

59th percentile

7.5%

Faster asset growth than 59% of similar nonprofits.

2014 filings • 501(c)3 • $100M-$250M nonprofits • Annualized from 2013 to 2014

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2014

Assets

Up

$185,838,915

Up $12,991,607 (+7.5%) from 2013

Net Assets

Up

$147,397,854

Up $14,696,547 (+11%) from 2013

Liabilities

Down

$38,441,061

Down $1,704,940 (-4.2%) from 2013

Revenue

$36,079,896

No earlier filing loaded for comparison.

Expenses

Up

$39,856,224

Up $220,602 (+0.6%) from 2013

Net Income

-$3,776,328

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$300M$200M$100M$0Assets 2010: $161,997,566Liabilities 2010: $44,139,557Net Assets 2010: $117,858,0092010Assets 2011: $177,693,370Liabilities 2011: $42,083,326Net Assets 2011: $135,610,0442011Assets 2012: $169,422,616Liabilities 2012: $43,925,384Net Assets 2012: $125,497,2322012Assets 2013: $172,847,308Liabilities 2013: $40,146,001Net Assets 2013: $132,701,3072013Assets 2014: $185,838,915Liabilities 2014: $38,441,061Net Assets 2014: $147,397,8542014Assets 2015: $180,498,602Liabilities 2015: $37,261,706Net Assets 2015: $143,236,8962015Assets 2016: $171,053,104Liabilities 2016: $36,970,398Net Assets 2016: $134,082,7062016Assets 2017: $177,728,258Liabilities 2017: $33,804,869Net Assets 2017: $143,923,3892017Assets 2018: $180,115,228Liabilities 2018: $28,334,232Net Assets 2018: $151,780,9962018Assets 2019: $180,005,638Liabilities 2019: $26,866,276Net Assets 2019: $153,139,3622019Assets 2020: $180,018,624Liabilities 2020: $26,107,034Net Assets 2020: $153,911,5902020Assets 2021: $212,121,347Liabilities 2021: $23,253,506Net Assets 2021: $188,867,8412021Assets 2022: $199,743,937Liabilities 2022: $22,738,080Net Assets 2022: $177,005,8572022Assets 2023: $207,188,037Liabilities 2023: $20,599,230Net Assets 2023: $186,588,8072023Assets 2024: $219,603,612Liabilities 2024: $20,852,921Net Assets 2024: $198,750,6912024

Highlighted filing

2014

Assets$185,838,915
Liabilities$38,441,061
Net Assets$147,397,854

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$60M$40M$20M$0-$20M-$40MExpenses 2010: $39,101,7802010Expenses 2011: $37,905,6462011Expenses 2012: $39,003,0912012Expenses 2013: $39,635,6222013Revenue 2014: $36,079,896Expenses 2014: $39,856,224Net Income 2014: -$3,776,3282014Revenue 2015: $31,818,707Expenses 2015: $39,457,797Net Income 2015: -$7,639,0902015Revenue 2016: $24,552,179Expenses 2016: $40,712,471Net Income 2016: -$16,160,2922016Revenue 2017: $19,786,397Expenses 2017: $41,995,797Net Income 2017: -$22,209,4002017Revenue 2018: $42,281,031Expenses 2018: $43,013,288Net Income 2018: -$732,2572018Revenue 2019: $41,830,021Expenses 2019: $44,466,057Net Income 2019: -$2,636,0362019Revenue 2020: $46,859,113Expenses 2020: $44,151,856Net Income 2020: $2,707,2572020Revenue 2021: $46,777,772Expenses 2021: $44,436,963Net Income 2021: $2,340,8092021Revenue 2022: $55,570,567Expenses 2022: $48,752,334Net Income 2022: $6,818,2332022Revenue 2023: $48,786,415Expenses 2023: $49,213,460Net Income 2023: -$427,0452023Revenue 2024: $53,550,947Expenses 2024: $51,596,607Net Income 2024: $1,954,3402024

Highlighted filing

2014

Revenue$36,079,896
Expenses$39,856,224
Net Income-$3,776,328
Jump To
Filing Snapshot
Filing Period
Jul 1, 2013 to Jun 30, 2014
Signed
Feb 24, 2015
Return Version
2013v4.0
Gross Receipts
$42,467,803
Mission and Program Overview

Mission

Goshen College transforms local and global communities through courageous, creative and compassionate leaders. Shaped by Anabaptist-Mennonite tradition, we integrate academic excellence and real-world experience with active love for God and neighbor.

Goshen college, inc. Is a liberal arts college dedicated to the development of informed, articulate, sensitive, responsible christians.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Other Securities$104,834,801$118,872,480▲ $14,037,679
Land, Buildings, and Equipment, Net$56,088,965$54,500,165▼ $1,588,800
Investments in Publicly Traded Securities$5,012,321$4,809,456▼ $202,865
Savings and Temporary Cash Investments$2,699,906$3,112,019▲ $412,113
Other Notes and Loans Receivable, Net$2,318,340$2,327,914▲ $9,574
Prepaid Expenses and Deferred Charges$518,749$506,964▼ $11,785
Accounts Receivable$345,159$393,758▲ $48,599
Pledges and Grants Receivable$8,985$8,685▼ $300
Cash and Non-Interest-Bearing Accounts$5,650$5,650→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Program Related$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$172,847,308$185,838,915▲ $12,991,607
Other Assets Total$1,014,432$1,301,824▲ $287,392
Liabilities
Tax Exempt Bond Liabilities$27,975,000$26,705,000▼ $1,270,000
Other Liabilities$10,401,592$10,148,907▼ $252,685
Accounts Payable and Accrued Expenses$1,769,409$1,587,154▼ $182,255
Total Liabilities$40,146,001$38,441,061▼ $1,704,940
Net Assets / Fund Balance
Permanently Rstr Net Assets$72,690,212$77,866,177▲ $5,175,965
Unrestricted Net Assets$43,095,829$49,785,766▲ $6,689,937
Temporarily Rstr Net Assets$16,915,266$19,745,911▲ $2,830,645
Total Net Assets Fund Balance$132,701,307$147,397,854▲ $14,696,547
Total Liabilities and Net Assets / Fund Balance$172,847,308$185,838,915▲ $12,991,607

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$50,350,924$33,715,166$84,066,090
Equipment$1,089,979$7,318,184$8,408,163
Leasehold Improvements$1,147,127$1,675,841$2,822,968
Land$1,691,542-$1,691,542
Other Land Buildings$220,593$0$220,593
Other Securities$86,577,744--
Closely Held Equity Interests$0--
Financial Derivatives$0--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2013$102,259,585$1,990,104▲ $17,313,690$1,220,781$117,507,429
2012$94,010,655$1,385,990▲ $8,908,883$-368,009$102,259,585
2011$99,290,676$1,082,006▼ $2,816,000-$94,010,655
2010$82,970,244$668,073▲ $18,003,290-$99,290,676
2009$71,977,545$7,629,116▲ $5,942,220$0$82,970,244
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
James E BrennemanPresidentFT$103,614$76,691$180,305
Anita K StalterVP for Academic Affairs/academic DeanFT$120,207$11,893$132,100
James L HistandVP for Finance/secretaryFT$119,072$11,414$130,486
James R TownsendVP for Enrollment Management & MarketingFT$110,078$12,196$122,274

Board Members and Trustees

Highest Paid Contractors

ContractorServicesLocationCompensation
Avi FreshFood Services-$1,088,205
Current Mechanical INCConstruction Services-$445,468
Dj Construction Co INCConstruction Services-$286,608
Zehr Construction INCConstruction Services-$226,824
Mennonite Education Agency INCConsulting & Advisory Services-$221,472
Revenue and Support

Revenue Composition

Contributions and Grants
$6,032,657
Program Service Revenue
$28,538,464
Investment Income
$1,059,228
Other Revenue
$449,547
All Other Contributions
$5,562,295
Change in Net Assets
$-3,776,328

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
Yes
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded9$11,835Market Value
Other Non Cash Contri Table2$4,262Market Value
Books and Publications-$1,703Market Value
Art Historical Treasures1$1,200Opinions of Experts
Other Non Cash Contri Table1$700Market Value
Total Noncash Contributions13$19,700-

Audited Revenue Reconciliation

Revenue per Audited Statements
$25,773,265
Revenue Not Reported on Financial Statements
$10,306,631
Revenue Not Reported on Form 990
$18,473,975
Other Revenue Adjustments
$10,306,631
Total Revenue per Audited Statements
$44,247,240
Total Revenue per Form 990
$36,079,896
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$15,696,189
Other Expenses$13,589,076
Grants and Similar Amounts Paid$10,570,959
Total Fundraising Expense$198,141
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$9,941,713$1,779,763$31,495$11,752,971
Grants to Domestic Individuals$10,570,959--$10,570,959
Depreciation Depletion$2,167,242$456,118$77,685$2,701,045
Other Employee Benefits$1,727,959$401,225-$2,129,184
Office Expenses$1,383,898$312,407$24,949$1,721,254
Fees for Services Other$1,152,937$256,594$0$1,409,531
Occupancy$1,217,059$13,534-$1,230,593
Interest$1,002,980--$1,002,980
Payroll Taxes$760,541$157,084-$917,625
Travel$697,230$131,704$39,609$868,543
Pension Plan Contributions$497,086$88,532-$585,618
Current Officers, Directors, Trustees, and Key Employees-$310,791-$310,791
Other Expenses$300,455$1,929$20$302,404
Advertising$219,610$56,918$288$276,816
Insurance$93,769$40,795-$134,564
Conferences and Meetings$83,468$15,520-$98,988
Fees for Services Accounting-$63,775-$63,775
Fees for Service Investment Mgmnt Fees-$62,976-$62,976
Fees for Services Legal$180$8,310-$8,490
All Other Expenses$-87,587$84,165$4,290$868
Fees for Services Lobbying-$18-$18
Total Functional Expenses$34,756,641$4,901,442$198,141$39,856,224

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$39,856,224
Expenses per Audited Statements$29,550,693
Total Expenses per Audited Statements$29,550,693
Expenses Not Reported on Financial Statements$10,305,531
Other Expense Adjustments$10,305,531
Expenses Not Reported on Form 990$0
International Activity

International Summary

Offices
0
Employees
0
Spending
$866,360

International Compliance

Activity in boycott countries
No
Foreign corporation ownership
No
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No

International Activities

RegionActivityServicesOfficesEmployeesSpending
South AmericaProgram ServicesHigher Education Study Abroad Programs00$269,419
Sub-saharan AfricaProgram ServicesHigher Education Study Abroad Programs00$187,613
Central America and the CaribbeanProgram ServicesHigher Education Study Abroad Programs00$137,585
Europe (including Iceland and Greenland)Program ServicesHigher Education Study Abroad Programs00$123,729
Middle East and North AfricaProgram ServicesHigher Education Study Abroad Programs00$82,873
East Asia and the PacificProgram ServicesHigher Education Study Abroad Programs00$46,531
South AsiaProgram ServicesHigher Education Study Abroad Programs00$18,610
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$5,892
Fundraising Gross Income$5,160
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Event 1$21,240$5,160-$5,160
Event 2-$0-$0
Total Events$21,240$5,160$5,892$-732
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
Yes
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Fair Value of Interest Rate Swaps$4,162,933
Retirement Plans and Postretirement Health Care$2,543,160
U.s. Government Loan Funds$2,383,600
Annuities Payable$543,379
Deposits$515,835

Bond Issues

BondIssuerIssuedIssue PricePurpose
A35-60010452007-05-09$31,800,000To finance capital projects and refund prior bond issues (5/29/02 and 6/10/04)

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A$31,967,272$25,543,189$5,095,000$139,318

Bond Financing Compliance

No rebate due
No
Rebate not yet due
No
Form 8038-T filed
No
Gross proceeds invested
No
Gross proceeds invested in GIC
No
Exception to rebate
Yes
Corrective action procedures
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Sec A, Line 7A, Members or stockholders electing members of governing body

Mennonite education agency, inc., a related organization, has the power to appoint 75% of goshen college's board of directors.

Form 990, Part VI, Sec B, Line 11B, Review of form 990 by governing body

The form 990 is reviewed in detail by both the organization's vp for finance and controller. A final draft of the form 990, excluding schedule b, is presented to the organization's finance committee. 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.

Form 990, Part VI, Sec B, Line 12C, Conflict of interest policy

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 determines 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.

Form 990, Part VI, Sec B, Line 15A, Process to establish compensation of top management official

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 is documented in the executive committee meeting minutes and was last undertaken in february 2014 for compensation changes effective july 2014.

Form 990, Part VI, Sec B, Line 15B, Process to establish compensation of other employees

See narrative for form 990, part vi, section b, line 15a.

Form 990, Part VI, Sec C, Line 19, Required documents available to the public

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.

Filing and Contact Details

Filer

EIN
35-2158366
Phone
5745357456

Signing Officer

Name
James L Histand
Title
VP for Finance
Signed
2015-02-24
Discuss with paid preparer
Yes

Organization Details

Formed
1894
Legal Domicile
In
Voting Board Members
13
Independent Board Members
13
Employees
1,017
Volunteers
90

Preparer

Preparer
Nicole Bencik
Phone
3128997000
Supplemental Narrative

Additional Explanations

FORM 990, PART III, LINE 1, ORGANIZATION'S MISSION

(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. In our academic program and campus life students will develop the knowledge, skills and values for: a life that is christ-centered, with *a reflective faith that nurtures spiritual growth in individual and corporate contexts *an active faith that informs all life's choices a life of passionate learning, through *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 a life of servant leadership, based on *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 a life of compassionate peacemaking with *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 a life of global citizenship with *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. 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.

Form 990, Part III, Line 4A, Program Service Accomplishments (continued From Part III, Line 4A)

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 2013-2014 academic year, the organization had a full-time equivalent of 793.9 undergraduate and 43.1 graduate students from more than 32 states and 35 countries. Goshen college offers students 37 majors and 42 minors, as well as rigorous pre-professional and graduate programs. The college's student-to-faculty ratio is 10:1 and 94 percent of classes have fewer than 30 students. 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. Approximately 80 percent of students study abroad before graduating. Approximately 99 percent of full-time, traditional goshen college students receive some form of financial aid, and the average package of scholarships, grants and loans totals $26,328.

Form 990, Part III, Line 4B, Program Service Accomplishments (continued From Part III, Line 4B)

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.

Form 990 , Part XI, Line 9, Other changes in net assets or fund balances

Unrealized gain on interest rate swap - 119251; other actuarial adjustments - 330498; actuarial adjustments of annuities - -89706; allowance for uncollectible contributions - -1100;

Schedule M, part I, column (B), Line other, Number of contributions or items contributed.

Other=musical instruments : number of contributions

Schedule M, part I, column (B), Line 2, Number of contributions or items contributed.

NUMBER OF CONTRIBUTIONS

Schedule M, part I, column (B), Line 4, Number of contributions or items contributed.

NUMBER OF CONTRIBUTIONS

Schedule M, part I, column (B), Line 9, Number of contributions or items contributed.

NUMBER OF CONTRIBUTIONS

Schedule M, part I, column (B), Line other, Number of contributions or items contributed.

Other=equipment/supplies : number of contributions

Schedule M, part I, column (B), Line other, Number of contributions or items contributed.

Other=musical instruments : number of contributions

Financial Statement Notes

Schedule D, Part III, Line 1A, Collections of art - financial statement footnote

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 deaccessed during the year just completed and to report any new acquisitions. At june 30, 2014 and 2013, there were no significant reportable activities in collections.

Schedule D, Part III, Line 4, Collections of art - description of collections

See narrative for schedule d, part iii, line 1a.

Schedule D, Part V, Line 4, Intended uses of endowment funds

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.

Schedule D, Part X, Line 2, FIN 48 (ASC 740) footnote

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, 2014 and 2013. The college is no longer subject to examination by the u.s federal taxing authorities for years before 2011 and for all state income taxes through 2011. 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, 2014 and 2013.

Schedule D, Part XI, Line 2D, Other revenues in audited financial statements not in form 990

Other actuarial adjustments - 330498; unrealized gain on interest rate swaps - 119251; actuarial adjustments of annuities - -89706;

Schedule D, Part XI, Line 4B, Other revenues in form 990 not in audited financial statements

Scholarships and tuition discounts - 10311423; fundraising event expenses - -5892; allowance for uncollectible contributions - 1100;

Schedule D, Part XII, Line 4B, Other expenses in form 990 not in audited financial statements

Scholarships and tuition discounts - 10311423; fundraising event expenses - -5892;

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Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$220$20.9$199$53.6$51.6$1.95
2023Detailed filing. Detailed filing data is available for this year.$207$20.6$187$48.8$49.2$0.43
2022Detailed filing. Detailed filing data is available for this year.$200$22.7$177$55.6$48.8$6.82
2021Detailed filing. Detailed filing data is available for this year.$212$23.3$189$46.8$44.4$2.34
2020Detailed filing. Detailed filing data is available for this year.$180$26.1$154$46.9$44.2$2.71
2019Detailed filing. Detailed filing data is available for this year.$180$26.9$153$41.8$44.5$2.64
2018Detailed filing. Detailed filing data is available for this year.$180$28.3$152$42.3$43.0$0.73
2017Detailed filing. Detailed filing data is available for this year.$178$33.8$144$19.8$42.0$22.2
2016Detailed filing. Detailed filing data is available for this year.$171$37.0$134$24.6$40.7$16.2
2015Detailed filing. Detailed filing data is available for this year.$180$37.3$143$31.8$39.5$7.64
2014Detailed filing. Detailed filing data is available for this year.$186$38.4$147$36.1$39.9$3.78
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$173$40.1$133$39.6
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$169$43.9$125$39.0
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$178$42.1$136$37.9
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$162$44.1$118$39.1
Peer Organizations

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