Form 990 for tax year 2023

Filed by MARIETTA COLLEGE.

Totals

Total revenue: $65,899,262
Total expenses: $76,986,326
Contributions and grants received: $6,473,922
Grants paid: $26,397,030
Program service revenue: $54,755,453
Investment income: $4,669,887
Other revenue: $0
Total assets, end of year: $188,372,005
Total liabilities, end of year: $45,735,042
Net assets or fund balances, end of year: $142,636,963
Program services expenses (Part IX): $62,497,653
Management and general expenses: $13,060,265
Fundraising expenses: $1,428,408
Program service expenses (Part III): $62,497,653

Program services were 81.2% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

1e · Government grants (contributions)

$805,282
1f · All other contributions, gifts and grants

$5,668,640
1g · Noncash contributions included above

$192,618
2a · Program service revenue: Tuition

total $42,077,689 · related or exempt $42,077,689
2b · Program service revenue: Auxiliary Services

total $11,645,659 · related or exempt $11,645,659
2c · Program service revenue: Educational Services

total $1,032,105 · related or exempt $1,032,105
2f · All other program service revenue

total $0 · related or exempt $0 · unrelated business $0 · excluded $0
3 · Investment income

total $2,781,952 · excluded $2,781,952
6c · Rental income or loss

real property $0 · personal property $0
7a · Gross sales of assets other than inventory

securities $16,671,017
7b · Less cost or other basis and sales expenses

securities $14,783,082
7c · Gain or loss

securities $1,887,935 · other assets $0
7d · Net gain or loss

total $1,887,935 · excluded $1,887,935
11d · All other revenue

total $0 · related or exempt $0 · unrelated business $0 · excluded $0
11e · Other revenue, total

$0

Functional expenses

Part IX, the statement of functional expenses.

1 · Grants to domestic organizations and governments

total $0 · program services $0
2 · Grants to domestic individuals

total $26,397,030 · program services $26,397,030
3 · Grants to foreign organizations and individuals

total $0 · program services $0
4 · Benefits paid to or for members

total $0 · program services $0
5 · Compensation of officers, directors and key employees

total $722,525 · program services $0 · management and general $722,525 · fundraising $0
6 · Compensation of disqualified persons

total $5,083 · management and general $5,083 · fundraising $0
7 · Other salaries and wages

total $20,243,413 · program services $16,247,608 · management and general $2,964,882 · fundraising $1,030,923
8 · Pension plan contributions

total $0 · program services $0 · management and general $0 · fundraising $0
9 · Other employee benefits

total $4,198,934 · program services $2,546,070 · management and general $1,544,582 · fundraising $108,282
10 · Payroll taxes

total $1,466,264 · program services $1,129,858 · management and general $273,335 · fundraising $63,071
11a · Fees: management

total $0 · program services $0 · management and general $0 · fundraising $0
11b · Fees: legal

total $107,394 · program services $0 · management and general $107,394 · fundraising $0
11c · Fees: accounting

total $153,129 · program services $0 · management and general $153,129 · fundraising $0
11d · Fees: lobbying

total $0 · program services $0 · management and general $0 · fundraising $0
11e · Fees: professional fundraising services

total $0 · fundraising $0
11f · Fees: investment management

total $367,040 · program services $0 · management and general $367,040 · fundraising $0
11g · Fees: other

total $3,358,665 · program services $3,249,205 · management and general $100,261 · fundraising $9,199
12 · Advertising and promotion

total $0 · program services $0 · management and general $0 · fundraising $0
13 · Office expenses

total $7,986,013 · program services $5,715,188 · management and general $2,119,167 · fundraising $151,658
14 · Information technology

total $185,438 · program services $20,817 · management and general $164,621 · fundraising $0
15 · Royalties

total $0 · program services $0 · management and general $0 · fundraising $0
16 · Occupancy

total $2,586,653 · program services $124,412 · management and general $2,462,241 · fundraising $0
17 · Travel

total $575,271 · program services $539,536 · management and general $3,365 · fundraising $32,370
18 · Travel or entertainment for public officials

total $0 · program services $0 · management and general $0 · fundraising $0
19 · Conferences, conventions and meetings

total $0 · program services $0 · management and general $0 · fundraising $0
20 · Interest

total $1,851,924 · program services $0 · management and general $1,851,924 · fundraising $0
21 · Payments to affiliates

total $0 · program services $0 · management and general $0 · fundraising $0
22 · Depreciation, depletion and amortization

total $5,062,300 · program services $4,808,679 · management and general $220,716 · fundraising $32,905
23 · Insurance

total $0 · program services $0 · management and general $0 · fundraising $0
24a · Other expenses: Other Expenses

total $1,719,250 · program services $1,719,250
24e · All other expenses

total $0 · program services $0 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

1 · Cash, non-interest-bearing

beginning of year $7,374,459 · end of year $3,841,704
2 · Savings and temporary cash investments

beginning of year $15,091 · end of year $7,444
3 · Pledges and grants receivable

beginning of year $9,584,946 · end of year $3,324,434
4 · Accounts receivable

beginning of year $288,914 · end of year $677,184
5 · Loans and receivables from officers and key people

beginning of year $0 · end of year $0
6 · Loans and receivables from disqualified persons

beginning of year $0 · end of year $0
7 · Other notes and loans receivable

beginning of year $283,212 · end of year $194,108
9 · Prepaid expenses and deferred charges

beginning of year $163,091 · end of year $193,948
10a · Land, buildings and equipment: cost or other basis

$166,489,422
10b · Land, buildings and equipment: accumulated depreciation

$97,688,946
10c · Land, buildings and equipment, net

beginning of year $73,773,918 · end of year $68,800,476
11 · Investments: publicly traded securities

beginning of year $62,376,119 · end of year $66,972,736
12 · Investments: other securities

beginning of year $21,780,891 · end of year $21,590,281
13 · Investments: program-related

beginning of year $0
15 · Other assets

beginning of year $21,343,547 · end of year $22,769,690
17 · Accounts payable and accrued expenses

beginning of year $5,055,871 · end of year $3,585,071
19 · Deferred revenue

beginning of year $1,401,457 · end of year $1,569,441
20 · Tax-exempt bond liabilities

beginning of year $28,230,165 · end of year $22,462,619
22 · Loans and payables to officers and key people

beginning of year $0 · end of year $0
24 · Unsecured notes and loans payable

beginning of year $10,471,210 · end of year $17,176,305
25 · Other liabilities

beginning of year $1,202,372 · end of year $941,606
27 · Net assets without donor restrictions

beginning of year $33,197,599 · end of year $32,238,359
28 · Net assets with donor restrictions

beginning of year $117,425,514 · end of year $110,398,604

Mission and programs · 2023

Mission

MARIETTA COLLEGE (MC) PROVIDES A STRONG FOUNDATION FOR A LIFETIME OF LEADERSHIP, CRITICAL THINKING, AND PROBLEM SOLVING. WE ACHIEVE THIS MISSION BY OFFERING UNDERGRADUATES A CONTEMPORARY LIBERAL ARTS EDUCATION AND GRADUATE STUDENTS AN EDUCATION GROUNDED IN ADVANCED KNOWLEDGE AND PROFESSIONAL PRACTICE. INTELLECTUAL AND CREATIVE EXCELLENCE DEFINES THE MARIETTA EXPERIENCE.

Activities or mission (Part I)

MARIETTA COLLEGE PROVIDES A STRONG FOUNDATION FOR A LIFETIME OF LEADERSHIP, CRITICAL THINKING, AND PROBLEM SOLVING.

CHARTERED IN 1835, MARIETTA COLLEGE (MC) IS A PRIVATE, NOT-FOR-PROFIT INSTITUTION OF HIGHER EDUCATION WHICH PROVIDES EDUCATION IN UNDERGRADUATE PROGRAMS IN LIBERAL ARTS AND SCIENCES AND IN SELECTED AREAS AT THE MASTER'S LEVELS. THE COLLEGE'S REVENUES ARE PREDOMINANTLY DERIVED FROM STUDENT TUITION, ROOM, BOARD AND OTHER FEES. MC OFFERS INSTRUCTION TO STUDENTS IN A LEARNING ENVIRONMENT THAT IS CULTURALLY AND GEOGRAPHICALLY DIVERSE WITH STUDENTS COMING FROM MANY STATES AND COUNTRIES. STUDENTS CAN BLEND A STRONG LIBERAL ARTS CURRICULUM WITH A VARIETY OF MAJORS AND DEVELOP CONCENTRATIONS IN AREAS SUCH AS LEADERSHIP, FINANCE, AND ASIAN STUDIES. IN ADDITION TO THE MORE TRADITIONAL LIBERAL ARTS PROGRAMS, MC OFFERS SEVERAL INNOVATIVE CAREER-ORIENTED DEGREE PROGRAMS, E.G., SPORTS MEDICINE, COMPUTER SCIENCE, PETROLEUM ENGINEERING AND ENVIRONMENTAL SCIENCE. A STUDENT'S EDUCATIONAL EXPERIENCE IS ENHANCED THROUGH PARTICIPATION IN SPECIAL CO-AND EXTRA-CURRICULAR OPPORTUNITIES, SUCH AS THE FIRST-YEAR STUDENT PROGRAM, MC'S INTERNATIONAL COMMUNITY, THE MCDONOUGH LEADERSHIP PROGRAM, INVESTIGATIVE STUDIES, AND MC'S HONOR PROGRAM. TOTAL ENROLLMENT FOR THE 2023-2024 ACADEMIC YEAR WAS 1,171 STUDENTS.

Expenses $62,497,653 · Grants $26,397,030 · Revenue $54,755,453

As filed on the 2023 return.

Listed in Part VII

Margaret Drugovich

President

Total calculated

$216,947

From this org

$200,931

From related orgs

$0

Other

$16,016

Hours/week

40

Schedule J breakdown matched by us

Base

$198,105

Bonus

$0

Other

$2,826

Deferred

$0

Nontaxable benefits

$16,016

Filer's total

$216,947
Andrew Ferguson

Trustee

Total calculated

$0

Hours/week

1
Brian Brucken

Trustee

Total calculated

$0

Hours/week

1
Clyde Wooten

Trustee

Total calculated

$0

Hours/week

1
Danielle Cisler

Trustee

Total calculated

$0

Hours/week

1
David Hill

Trustee

Total calculated

$0

Hours/week

1
Diann Krivchenia

Trustee

Total calculated

$0

Hours/week

1
Fred Bentley

Trustee

Total calculated

$0

Hours/week

1
George Fenton

Trustee

Total calculated

$0

Hours/week

1
James Fryfogle

Trustee

Total calculated

$0

Hours/week

1
James Wilson

Trustee

Total calculated

$0

Hours/week

1
Janice Donoghue

Trustee

Total calculated

$0

Hours/week

1
John Hopkins

Trustee

Total calculated

$0

Hours/week

1
Kathryn Bailey

Trustee

Total calculated

$0

Hours/week

1
Kevin O'Neill

Trustee

Total calculated

$0

Hours/week

1
Marc Ponchione

Trustee

Total calculated

$0

Hours/week

1
Mary Korn

Trustee

Total calculated

$0

Hours/week

1
Matthew Weekley

Trustee

Total calculated

$0

Hours/week

1
Michael Moffitt

Trustee

Total calculated

$0

Hours/week

1
Rob Goldsmith

Trustee

Total calculated

$0

Hours/week

1
Robert Brucken

Trustee

Total calculated

$0

Hours/week

1
Rochelle Goodwin

Trustee

Total calculated

$0

Hours/week

1
Stephanie Peloquin

Trustee

Total calculated

$0

Hours/week

1
Douglas Ankrom

Assistant Treasurer

Total calculated

$87,045

From this org

$74,986

From related orgs

$0

Other

$12,059

Hours/week

40
Jeffrey Welch END 103123

Treasurer and Vice President, Finance and Administration

Total calculated

$161,503

From this org

$161,503

From related orgs

$0

Other

$0

Hours/week

40

Schedule J breakdown matched by us

Base

$158,380

Bonus

$0

Other

$3,123

Deferred

$0

Nontaxable benefits

$0

Filer's total

$161,503
Kathleen Dougherty

Provost and Dean of the Faculty

Total calculated

$127,200

From this org

$120,319

From related orgs

$0

Other

$6,881

Hours/week

40
Mark Miller

Secretary / Professor / Associate Provost

Total calculated

$129,830

From this org

$107,136

From related orgs

$0

Other

$22,694

Hours/week

40
Christina Gierhart

Director of Physician Assistant Program

Total calculated

$180,485

From this org

$157,791

From related orgs

$0

Other

$22,694

Hours/week

40

Schedule J breakdown matched by us

Base

$157,037

Bonus

$0

Other

$754

Deferred

$0

Nontaxable benefits

$22,694

Filer's total

$180,485
John Grosel

Professor

Total calculated

$142,681

From this org

$126,332

From related orgs

$0

Other

$16,349

Hours/week

40
Jonathan Vanderwal

Head Coach / Athletic Director

Total calculated

$149,246

From this org

$128,107

From related orgs

$0

Other

$21,139

Hours/week

40
Joshua Jacobs

Vice President of Advancement

Total calculated

$184,987

From this org

$184,987

From related orgs

$0

Other

$0

Hours/week

40

Schedule J breakdown matched by us

Base

$184,071

Bonus

$0

Other

$916

Deferred

$0

Nontaxable benefits

$0

Filer's total

$184,987
Richard Danford

Vice President for Student Life

Total calculated

$142,412

From this org

$127,576

From related orgs

$0

Other

$14,836

Hours/week

40
William Ruud

President (END 6/30/23)

Total calculated

$431,530

From this org

$426,821

From related orgs

$0

Other

$4,709

Hours/week

40

Schedule J breakdown matched by us

Base

$245,389

Bonus

$0

Other

$181,432

Deferred

$0

Nontaxable benefits

$4,709

Filer's total

$431,530

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

1a · Housing allowance or residence for personal use
1b · Written policy on the line-1a expenses
2 · Substantiation required before reimbursing expenses
3 · Compensation committee
3 · Written employment contract
3 · Compensation survey or study
3 · Approval by the board or compensation committee
4a · Severance or change-of-control payment
4b · Supplemental nonqualified retirement plan
7 · Other non-fixed payments
8 · Paid under the initial-contract exception
9 · Followed the rebuttable-presumption procedure

Answered no

4c · Equity-based compensation arrangement
5a · Pay contingent on this organization's revenues
5b · Pay contingent on a related organization's revenues
6a · Pay contingent on this organization's net earnings
6b · Pay contingent on a related organization's net earnings

The filer's explanations (Part III)

Schedule J, Part I, Line 1a Housing allowance or residence for personal use: PURSUANT TO IRC 119 THE HOUSING PROVIDED TO THE PRESIDENT OF THE COLLEGE IS EXCLUDED FROM TAXATION. THERE IS NO CASH REIMBURSEMENT ISSUED TO THE PRESIDENT FOR THE HOUSING ALLOWANCE. THE RESIDENCE IS FURNISHED FOR THE CONVENIENCE OF MARIETTA COLLEGE, AND IT IS AVAILABLE FOR USE TO HOST FACULTY, STAFF, AND STUDENT FUNCTIONS. THE PRESIDENT WAS REQUIRED TO LIVE IN THE RESIDENCE AS A CONDITION OF HIS EMPLOYMENT, AND HIS RESIDENCE IS CONTIGUOUS TO THE COLLEGE'S CAMPUS.
Schedule J, Part I, Line 4a Severance or change-of-control payment: SEE SCHEDULE O
Schedule J, Part I, Line 4b Supplemental nonqualified retirement plan: SECTION 457(F) SUPPLEMENTAL RETIREMENT PLAN PAYMENTS MADE BY ORGANIZATION: WILLIAM RUUD: DISTRIBUTION - $90,000
Schedule J, Part I, Line 7 Non-fixed payments: JONATHAN VANDERWAL IS THE MEN'S HEAD BASKETBALL COACH. HE IS ELIGIBLE FOR ADDITIONAL COMPENSATION EACH YEAR BASED ON THE SUCCESS OF THE MEN'S BASKETBALL TEAM PER A SET SCHEDULE. THE AMOUNT REPORTED WAS BASED ON THAT SCHEDULE.
Schedule J, Part I, Line 8 Payments on contract that is subject to the initial contract exception: Margaret Drugovich is subject to an initial contract exception as of July 1, 2023.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

Charitable Remainder Trusts (1)

Trust · Charitable Remainder Trust · OH

Directly controlled by NA
Beneficial Interest Trust (9)

Trust · Beneficial Interest Trust · OH

Directly controlled by NA

Provenance

Return type: form_990
Tax year: 2023
Filed: 14 May 2025
IRS schema version: 2023v6.0
Source object: 202531349349308548

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