Goshen College Inc.

“Mennonite Education Agency, Inc., a related organization, has the power to appoint 75% of Goshen College's board of directors.”

“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.”

“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.”

“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 2015 for compensation changes effective July 2015.”

“See narrative for Form 990, Part VI, Section B, Line 15a.”

“The organization's financial statements are posted on the VP of Finance's website (www.goshen.edu/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: 240, Related or Exempt Function Revenue: 240, Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: ;”

“Other - Total Revenue: 152985, Related or Exempt Function Revenue: , Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: 152985;”

“(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.”

“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 2014-2015 academic year, the organization had a full-time equivalent of 739.8 undergraduate and 44.6 graduate students from more than 31 states and 24 countries. Goshen college offers students 40 majors and 47 minors, as well as rigorous pre-professional and graduate programs. The college's student-to-faculty ratio is 10:1 and 93 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 83 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 $27,140.”

“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.”

“Unrealized loss on interest rate swap - -122772; Actuarial adjustment of annuities - -167539; Other actuarial adjustments - 134206;”