Marietta College
- Assets
- $223.3m
- Revenue
- $74.0m
- Investments
- $18.4m
- Employees
- 1,053
- Location
- Marietta, OH
- Founding
- 03/1940
- Data as of
- 06/2021
- EIN
- 31-4379584
Organization Overview
Marietta College is located in Marietta, OH. The organization was established in 1940. According to its NTEE Classification (B42) the organization is classified as: Undergraduate Colleges, under the broad grouping of Education and related organizations. As of 06/2022, Marietta College employed 1,053 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Marietta College is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2021, Marietta College generated $74.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.9% each year. All expenses for the organization totaled $77.2m during the year ending 06/2021. While expenses have increased by 3.5% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
MARIETTA COLLEGE PROVIDES A STRONG FOUNDATION FOR A LIFETIME OF LEADERSHIP, CRITICAL THINKING, AND PROBLEM SOLVING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
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. THE 2021 FALL ENROLLMENT WAS 1,265 AND 2022 SPRING ENROLLMENT WAS 1,147.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William Ruud President | OfficerTrustee | 40 | $430,939 |
Janet Bland Provost | Officer | 40 | $194,780 |
Joshua Jacobs VP Of Advancement | 40 | $180,321 | |
Michele Marra Treasurer & VP Finance & Adm | Officer | 40 | $188,696 |
Emily Schuck Avp For Enrollment Management | 40 | $122,960 | |
Scot Schaeffer VP Of Enrollment Management | 40 | $156,895 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Grae-con Construction Inc Construction | 6/29/22 | $0 |
Morrison Inc Construction | 6/29/22 | $104,009 |
Davis Pickering And Co Inc Construction | 6/29/22 | $0 |
Casto Technical Services Contract Services | 6/29/22 | $0 |
Coon Restoration And Sealants Contract Services | 6/29/22 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $13,853,464 |
| Investment income | $2,616,559 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $2,790,870 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $73,965,270 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $27,184,176 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,319,991 |
| Compensation to disqualified persons | $62,394 |
| Other salaries and wages | $21,476,458 |
| Pension plan accruals and contributions | $1,597,657 |
| Other employee benefits | $2,751,780 |
| Payroll taxes | $1,573,712 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $59,497 |
| Fees for services: Accounting | $100,075 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $71,325 |
| Fees for services: Investment Management | $318,218 |
| Fees for services: Other | $2,976,313 |
| Advertising and promotion | $98,247 |
| Office expenses | $2,847,994 |
| Information technology | $1,208,865 |
| Royalties | $0 |
| Occupancy | $1,438,480 |
| Travel | $299,059 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,293,404 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,785,553 |
| Insurance | $694,857 |
| All other expenses | $0 |
| Total functional expenses | $77,230,790 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,456,645 |
| Savings and temporary cash investments | $14,997 |
| Pledges and grants receivable | $8,033,623 |
| Accounts receivable, net | $275,755 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $648,628 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $97,445 |
| Investments—publicly traded securities | $84,377,014 |
| Investments—other securities | $18,440,317 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $25,446,934 |
| Total assets | $223,346,579 |
| Accounts payable and accrued expenses | $2,864,683 |
| Grants payable | $0 |
| Deferred revenue | $3,714,003 |
| Tax-exempt bond liabilities | $31,908,198 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $10,562,084 |
| Other liabilities | $1,811,466 |
| Total liabilities | $50,860,434 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $172,486,145 |