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 and with the approval of MEA, 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 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 conducted every three years and documented in the Executive Committee meeting minutes. This was last undertaken November 2017.”

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

“The College's bylaws were revised and approved by the Board in June 2019. Below is a summary of items reflected in the new bylaws: Article I- Section 2 - Purpose updated to reflect our new Goshen College mission statement. Article II - Addresses the new relationship with MHEA (Mennonite Higher Education Association). Article III - Section 3 - Board approves all deeds, mortgages and promissory notes over $2.5M and shall be signed by the President and countersigned by the Chair. Article V - Addresses MEA appointments to the board, qualifications for board members in relation to the Church, removal of any director appointed by MEA and filling vacancies in consultation with MEA. Article VI - Directors Emeriti - This is a new section. GC has not previously named directors Emeriti but the board sees value in this practice and will continue to work through the details of Directors Emeriti. Guidelines for the implementation of this have not yet been created. Article VII - Section 3 - The vice chair shall be responsible for the annual presidential evaluation. Article VIII - Section 2 - Actions without a meeting (by email) must be ratified at the following board meeting. Article IX - Names a new committee structure with two types of committees - "Committees of the Board" are comprised of board members only. The committees of the Board are Asset Stewardship and Trusteeship. The charges and responsibilities for these committees are listed in the bylaws. "Committees of the College" may include board, faculty, staff or others as appointed by the Committee chair upon recommendation of the president. These committees are not named in the bylaws. Committee chairs serve for two year terms. The executive committee consists of the Chair, the Vice-Chair, the Secretary, the past chair and the Chairs of the Committees of the Board. Article X - Section 1 - Includes the Conflict of Interest Policy from previous board policies and included on the current conflict of interest form that directors sign every year.”

“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 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 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.”

“- Total Revenue: 816, Related or Exempt Function Revenue: 816, Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: ;”

“- Total Revenue: 157460, Related or Exempt Function Revenue: , Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: 157460;”

“(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.”

“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 - -12206; Actuarial adjustment of retirement obligations - 753766;”