2021-11-03T12:42:30-05:00 2021-06-30 540504608 BROWN EDWARDS & COMPANY LLP 707 VIRGINIA STREET EAST SUITE 300 CHARLESTON WV 25301 990 2020-07-01 550357056 WEST VIRGINIA WESLEYAN COLLEGE WEST 3044738030 59 COLLEGE AVE BUCKHANNON WV 26201 JOEL THIERSTEIN PRESIDENT 3044738030 2021-10-28 1 JOEL THIERSTEIN 999009999 MELISSA PRICE P00750418 3043434188 2021-10-28 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z JOEL THIERSTEIN 59 COLLEGE AVENUE BUCKHANNON WV 26201 59886479 0 X WWW.WVWC.EDU X 1890 WV WEST VIRGINIA WESLEYAN COLLEGE CHALLENGES ITS STUDENTS TO A LIFE-LONG COMMITMENT TO DEVELOP THEIR INTELLECTUAL, ETHICAL, SPIRITUAL, AND LEADERSHIP POTENTIAL AND TO SET AND UPHOLD STANDARDS OF EXCELLENCE. FIRMLY ROOTED IN THE LIBERAL ARTS TRADITION AND CLOSELY RELATED TO THE UNITED METHODIST CHURCH, THE COLLEGE IS A COMMUNITY OF LEARNING BASED ON FUNDAMENTAL PRINCIPLES FORMED AT THE INTERSECTION OF CHRISTIAN FAITH AND LIBERAL EDUCATION: INTELLECTUAL RIGOR, SELF-DISCOVERY, HUMAN DIGNITY, MUTUAL SUPPORT, SOCIAL JUSTICE, SELF-DISCIPLINE, MENTAL AND PHYSICAL WELLNESS, THE APPRECIATION OF DIVERSITY AND THE NATURAL WORLD, AND THE JUDICIOUS USE OF RESOURCES. THE COLLEGE RECOGNIZES AND AFFIRMS ITS INTERDEPENDENCE WITH THE EXTERNAL COMMUNITIES-LOCAL, REGIONAL, NATIONAL, AND GLOBAL-AND ITS COVENANT WITH THE PEOPLE OF WEST VIRGINIA TO SHARE ITS EDUCATIONAL AND CULTURAL RESOURCES. 25 22 733 0 0 0 17776004 13856000 43377191 36470263 1821028 1855057 167144 47973 63141367 52229293 21971682 19430056 0 0 14829247 14622364 0 0 809326 11826516 12332979 48627445 46385399 14513922 5843894 120664167 143930604 23445427 21387046 97218740 122543558 X WEST VIRGINIA WESLEYAN COLLEGE CHALLENGES ITS STUDENTS TO A LIFE-LONG COMMITMENT TO DEVELOP THEIR INTELLECTUAL, ETHICAL, SPIRITUAL, AND LEADERSHIP POTENTIAL AND TO SET AND UPHOLD STANDARDS OF EXCELLENCE. FIRMLY ROOTED IN THE LIBERAL ARTS TRADITION AND CLOSELY RELATED TO THE UNITED METHODIST CHURCH, THE COLLEGE IS A COMMUNITY OF LEARNING BASED ON FUNDAMENTAL PRINCIPLES FORMED AT THE INTERSECTION OF CHRISTIAN FAITH AND LIBERAL EDUCATION: INTELLECTUAL RIGOR, SELF-DISCOVERY, HUMAN DIGNITY, MUTUAL SUPPORT, SOCIAL JUSTICE, SELF-DISCIPLINE, MENTAL AND PHYSICAL WELLNESS, THE APPRECIATION OF DIVERSITY AND THE NATURAL WORLD, AND THE JUDICIOUS USE OF RESOURCES. THE COLLEGE RECOGNIZES AND AFFIRMS ITS INTERDEPENDENCE WITH THE EXTERNAL COMMUNITIES-LOCAL, REGIONAL, NATIONAL, AND GLOBAL-AND ITS COVENANT WITH THE PEOPLE OF WEST VIRGINIA TO SHARE ITS EDUCATIONAL AND CULTURAL RESOURCES. WEST VIRGINIA WESLEYAN COLLEGE PREPARES ITS STUDENTS THROUGH ITS CURRICULUM OF ARTS AND SCIENCES, PREPROFESSIONAL, PROF 0 0 41798010 19430056 32408762 THE COLLEGE ENROLLS STUDENTS IN MORE THAN 40 BACCALAUREATE AND MASTERS PROGRAMS. 41798010 1 1 0 0 0 0 0 0 0 1 1 0 0 1 1 0 1 0 1 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 1 1436 0 1 733 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 25 22 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X RANDALL W CRITES 3044738030 59 COLLEGE AVENUE BUCKHANNON WV 26201 JOHN F ALLEVATO TRUSTEE 0.00 X 0 0 0 TRACY DUNN CUNNINGHAM TRUSTEE 0.00 X 0 0 0 CHRISTINE R COX TRUSTEE 0.00 X 0 0 0 KRISTA L DENNING TRUSTEE 0.00 X 0 0 0 JOSEPH KENASTON TRUSTEE 0.00 X 0 0 0 JOHN A LHOTA TRUSTEE 0.00 X 0 0 0 CAROLINE RAPKING TRUSTEE 0.00 X 0 0 0 MICHAEL B REGER TRUSTEE 0.00 X 0 0 0 SARAH J RINEHART TRUSTEE 0.00 X 0 0 0 JUSTIN RABER TRUSTEE 0.00 X 0 0 0 SANDRA L STEINER BALL TRUSTEE 0.00 X 0 0 0 DAVID A YOUNG TRUSTEE 0.00 X 0 0 0 JOEL THIERSTEIN PRESIDENT 37.50 X X 282704 0 23796 ELLIS E CONLEY TRUSTEE 0.00 X 0 0 0 BRIAN A MAXWELL TRUSTEE 0.00 X 0 0 0 PAUL S KLICK III TRUSTEE 0.00 X 0 0 0 KEN A RAMSEY TRUSTEE 0.00 X 0 0 0 JOANNE C SOLIDAY TRUSTEE 0.00 X 0 0 0 KEVIN W SPEAR TRUSTEE 0.00 X 0 0 0 CRAIG D WELSH TRUSTEE 0.00 X 0 0 0 MICHAEL T BRADFIELD TRUSTEE 0.00 X 0 0 0 TARA STEED TRUSTEE 0.00 X 0 0 0 GAVIN WILSON TRUSTEE 0.00 X 0 0 0 KIM BJORGO-THORNE TRUSTEE 0.00 X 0 0 0 NANCY WHEELER TRUSTEE 0.00 X 0 0 0 JAMES MOORE DEAN OF THE FACULTY 37.50 X 112214 0 19836 JOHN WALTZ VP ENROLLMENT MGMT 37.50 X 98557 0 24569 SCOTT MCKINNEY CFO 37.50 X 99052 0 9118 592527 0 77319 2 0 1 0 ALADDIN FOOD 21 AMORY DRIVE WHEELING WV 26003 FOOD SERVICE 856435 COMBUSTION EQUIPMENT COMPANY PO BOX 415 GIBSONIA PA 15044 CONSTRUCTION 381352 INDEPENDENT COLLEGE ENTERPRISE 2300 MACCORKLE AVE SE CHARLESTON WV 25303 SOFTWARE & SUPP 194208 A BOOK COMPANY LLC PO BOX 577 BUCKHANNON KY 26201 BOOKS & SUPPLIES 164015 SPARK451 INC 189 RANDOLPH HOLLOW RD NUTTER FORT WV 26301 MEDIA SERVICES 139356 8 6662853 7193147 281293 13856000 TUITION & FEES 611310 32408762 32408762 AUXILLARY INCOME 611710 4061501 4061501 36470263 1515539 1515539 7985824 10880 7657186 0 328638 10880 339518 339518 OTHER INCOME 611710 47973 47973 47973 52229293 32408762 0 5964531 19430056 19430056 565375 264890 300485 10459788 9119243 900893 439652 754187 648494 77695 27998 2087373 1095932 941532 49909 755641 642377 81683 31581 42597 42597 70535 70535 25904 22512 3392 15020 15020 1009422 819717 130868 58837 1137636 1071524 53005 13107 171912 165250 5902 760 705666 634472 71194 2874960 2494955 314978 65027 501162 482252 15131 3779 MISCELLANEOUS 2993506 2842170 150398 938 OTHER CONTRACT SERVICES 1253681 783956 408999 60726 FOOD SERVICE 853441 852719 722 EQUIPMENT RENTAL/MAINTE 404031 286922 113992 3117 273506 148061 75664 49781 46385399 41798010 3778063 809326 X 8185188 12021465 862822 761966 228252 164798 688472 585786 88790 116935 1145526 649161 108551981 73613768 37096318 34938213 60795815 80031159 11572984 14661121 120664167 143930604 1571961 1672432 1149187 1237485 16112551 15026040 1810241 1432625 2801487 2018464 23445427 21387046 X 15264219 17779468 81954521 104764090 97218740 122543558 120664167 143930604 X 5843894 16697351 2783573 X X 0 1 X 1 1 1 X 6799976 4335659 6019635 6287640 13855998 37298908 6799976 4335659 6019635 6287640 13855998 37298908 1092220 36206688 1086635 1197608 2137547 1538039 1515538 7475367 44774275 193243678 0.80860 0.78270 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 65132245 3607775 17629599 2200000 84169619 51971721 12005580 3154944 2000000 65132245 50310418 1472098 2089205 1900000 51971721 47365379 1289871 3505168 1850000 50310418 42384984 1726876 5053519 1800000 47365379 0.97960 0.02040 1 0 1605040 1605040 87591853 55830152 31761701 15668556 14795232 873324 3686532 2988384 698148 34938213 INTEREST IN PERPETUAL TRUSTS 14083643 DEPOSIT HELD BY TRUSTEE 207568 ROU ASSET 369910 14661121 REFUNDABLE ADVANCES 699356 SPLIT INTEREST OBLIGATIONS 949198 LEASE LIABILITY 369910 2018464 52280161 16697351 2783573 19480924 32799237 19430056 19430056 52229293 26955343 0 26955343 19430056 19430056 46385399 PART XI, LINE 2D - OTHER ADJUSTMENTS: NET GAIN ON BENEFICIAL INTEREST IN TRUST 2,351,805. CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS 402,057. CHANGE IN VALUE OF INTEREST RATE SWAP 29,713. ROUNDING -2. PART XI, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS AND AWARDS 19,430,056. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS AND AWARDS 19,430,056. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 NONDISCRIMINATION POLICY IS INCLUDED IN ALL OF THE COLLEGE'S PUBLICATIONS AND IS ALSO EASILY LOCATED ON THEIR WEB PAGE. SCHEDULE E, PART I, LINE 6 ASSISTANCE CONSISTS OF GRANTS RECEIVED FROM VARIOUS FEDERAL AGENCIES, INCLUDING THE U.S. DEPARTMENT OF EDUCATION. 0 SCHOLARSHIPS 991 19430056 PART I, LINE 2: STUDENTS ARE AWARDED SCHOLARSHIPS BASED ON AN EVALUATION OF NEED AND ELIGIBILITY FOR SPECIFIC AWARDS IN ACCORDANCE WITH ANY DONOR STIPULATIONS. THE FINANCIAL AID DEPARTMENT IS RESPONSIBLE FOR MAKING SCHOLARSHIP AWARDS AND FOR MONITORING ONGOING ELIGIBILITY (E.G. MAINTENANCE OF SATISFACTORY ACADEMIC PROGRESS). X 1 1 X X X X 1 0 0 0 0 0 0 0 0 JOEL THIERSTEIN PRESIDENT 282704 0 0 0 0 0 13200 0 10596 0 306500 0 0 0 PART I, LINE 1A THE PRESIDENT IS REQUIRED TO RESIDE IN CAMPUS HOUSING AS A CONDITION OF EMPLOYMENT. A COLLEGE COMM DEV REFUND REV BONDS 2010C 556000152 118325BT5 2010-10-15 7855000 REFUNDING SERIES 01' 0 0 0 B COLLEGE COMM DEV REV BONDS 2013A 556000152 118325CJ6 2013-04-01 6450000 REFUNDING SERIES 08' 0 0 0 C COLLEGE COMM DEV REV BONDS 2014A 556000152 118325CS6 2014-03-01 1020000 DORMITORY RENOVATION 0 0 0 D COLLEGE COMM DEV REV BONDS 2014B 556000152 118325DC0 2014-03-01 1310000 LIGHTING PROJECT 0 0 0 A 4210000 7931986 155885 7776101 2011 0 1 1 1 B 1320000 6617774 126160 6491614 2013 0 1 1 1 C 395000 1020000 20000 1000000 2014 0 0 1 1 D 875000 1310000 24731 1285269 2015 0 0 1 1 A 0 0 0 0 0 0 1 B 0 0 0 0 0 0 1 C 0 0 0 0 0 0 1 D 0 0 0 0 0 0 1 A 0 0 0 1 0 0 0 0 1 B 0 0 0 1 0 0 0 0 1 C 0 0 0 1 0 0 0 0 1 D 0 0 0 1 0 0 0 0 1 A 1 B 1 C 1 D 1 SCHEDULE K SCHEDULE K - DATE REBATE COMPUTATION PERFORMED COLLEGE COMM DEV REFUND REV BONDS 2010C 12/04/20 SCHEDULE K - DATE REBATE COMPUTATION PERFORMED COLLEGE COMM DEV REFUND REV BONDS 2013A 05/18/21 SCHEDULE K - DATE REBATE COMPUTATION PERFORMED COLLEGE COMM DEV REV BONDS 2014A 11/21/18 SCHEDULE K - DATE REBATE COMPUTATION PERFORMED COLLEGE COMM DEV REV BONDS 2014B 11/21/18 SCHEDULE K - DATE REBAATE COMPUTATION PERFORMED 06/16/21 COLLEGE COMM DEV REV BONDS 2016A A COLLEGE COMM DEV REV BONDS 2016A 556000152 118325DP1 2016-12-01 5815000 REFUNDING SERIES 10' 0 0 0 A 540000 5815000 70000 5815000 2016 0 1 1 1 A 0 0 0 0 0 0 1 A 0 1 0 0 0 0 0 0 1 A 1 X 18 271493 FAIR MARKET VALUE 0 0 0 FORM 990, PART VI, SECTION A, LINE 2 CAROLINE RAPKING - TRUSTEE AND CHRISTINE COX - TRUSTEE HAVE A FAMILY RELATIONSHIP. FORM 990, PART VI, SECTION B, LINE 11B A DRAFT OF THIS RETURN IS PROVIDED TO THE AUDIT COMMITTEE FOR REVIEW AND APPROVAL, AND THE APPROVED DRAFT IS PROVIDED TO THE FULL BOARD PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE OFFICE OF THE VICE PRESIDENT FOR ADMINISTRATION & FINANCE COLLECTS CONFLICT OF INTEREST STATEMENTS FROM ALL BOARD MEMBERS, THE ENTIRE CABINET,PRESIDENT'S COUNCIL, AND ALL FACULTY AND STAFF PERSONS WHO HAVE BUDGETARY AUTHORITY. THEY ARE COLLECTED AND REVIEWED ON AN ANNUAL BASIS BEFORE JUNE 30TH OF EACH YEAR. DISSEMINATION OF THE FORMS AND THE RATIONALE FOR THE NEED TO DISCLOSE THE CONFLICTS OF INTEREST ARE CONDUCTED AT THE FALL MEETING OF THE FULL BOARD OF TRUSTEES. FORMS FOR ALL OTHERS ARE DISSEMINATED PRIOR TO THE END OF THE ACADEMIC YEAR AND ARE COLLECTED AND REVIEWED BEFORE THE END OF THE EACH FISCAL YEAR. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION FOR THE PRESIDENT IS DETERMINED AND SET BY THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES, REVIEWED AND EVALUATED ON AN ANNUAL BASIS. THE COLLEGE MAKES REFERENCE TO THE ANNUAL SURVEY PREPARED BY THE COLLEGE AND UNIVERSITY PROFESSIONAL ASSOCIATION FOR HUMAN RESOURCES AND PUBLISHED IN THE CHRONICLE OF HIGHER EDUCATION. COMPENSATION FOR OTHER OFFICERS AND SENIOR ADMINISTRATORS IS DETERMINED BY THE PRESIDENT IN CONSULTATION WITH THE CHAIRS OF THE APPROPRIATE BOARD COMMITTEES. THE COLLEGE MAKES REFERENCE TO THE ANNUAL SURVEY PREPARED BY THE COLLEGE AND UNIVERSITY PROFESSIONAL ASSOCIATION FOR HUMAN RESOURCES AND PUBLISHED IN THE CHRONICLE OF HIGHER EDUCATION. FORM 990, PART VI, SECTION C, LINE 19 NO DOCUMENTS AVAILABLE TO THE PUBLIC FORM 990, PART XI, LINE 9: NET GAIN ON BENEFICIAL INTEREST IN TRUST 2,351,805. CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS 402,057. CHANGE IN VALUE OF INTEREST RATE SWAP 29,713. SCHOLARSHIPS AND AWARDS 19,430,056. SCHOLARSHIPS AND AWARDS -19,430,056. ROUNDING -2. FORM 990, PART XII, LINE 2C THE PROCESS REMAINS THE SAME AS PRIOR YEAR. THE OFFICERS AND THE BOARD ARE PROVIDED WITH A DRAFT OF THE FORM 990 TO REVIEW AND PROVIDE ANY QUESTIONS TO BE ADDRESSED PRIOR TO THE FILING. WV CONF OF UNITED METHODIST PO BOX 2469 CHARLESTON WV 25329 550338659 RELIGIOUS ORGANIZATION WV 501C3 1 N/A 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 WV CONFERENCE OF THE UNITED METHODIST CHURCH C 97427 CASH VALUE