2019-04-12T15:15:03-05:00 2018-05-31 272616366 EBELHAR WHITEHEAD PLLC 100 WEST THIRD STREET SUITE 200 OWENSBORO KY 42303 990 2017-06-01 610466713 KENTUCKY WESLEYAN COLLEGE KENT 2709263111 3000 FREDERICA STREET OWENSBORO KY 42301 DAN FRAZIER VICE PRESIDENT OF FINANCE 2709263111 2019-04-12 1 JOSHUA D MEYER CPA P01229485 2709262922 162.155.52.22 2019-04-12 15:15:00 CD P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 361274273B4CEF77B3F5CF0B113201EB2C9E02EB 2017 2019-02-21 02:37:17Z DAN FRAZIER 3000 FREDERICA STREET OWENSBORO KY 42301 98887303 0 X WWW.KWC.EDU X 1858 KY FOSTER A LIBERAL ARTS EDUCATION THAT NOURISHES, STIMULATES AND PREPARES FUTURE LEADERS INTELLECTUALLY, SPIRITUALLY AND PHYSICALLY TO ACHIEVE SUCCESS IN LIFE. 31 31 513 37 0 0 5046804 3329019 19220085 19966756 574515 1829427 150905 144661 24992309 25269863 7623127 8657506 0 0 7878186 7732763 0 0 406534 9127576 9825780 24628889 26216049 363420 -946186 58314389 56177157 15262445 13639916 43051944 42537241 FOSTER A LIBERAL ARTS EDUCATION THAT NOURISHES, STIMULATES AND PREPARES FUTURE LEADERS INTELLECTUALLY, SPIRITUALLY AND PHYSICALLY TO ACHIEVE SUCCESS IN LIFE. 0 0 22877479 8657506 20080329 KENTUCKY WESLEYAN COLLEGE, IN PARTNERSHIP WITH THE UNITEDMETHODIST CHURCH, PROVIDES INSTRUCTION AND RELATED ACTIVITIES TOSTUDENTS BY OFFERING A QUALITY LIBERAL ARTS EDUCATION ANDOPPORTUNITIES FOR PERSONAL GROWTH AND LEADERSHIP. 22877479 1 1 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 1 0 0 0 0 0 1 0 0 0 1 1 0 0 0 1 0 1 0 1 1 0 0 0 0 0 0 0 0 1 53 0 1 513 1 0 0 0 0 0 0 0 0 0 0 X 31 31 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 0 1 1 0 KY X DAN FRAZIER 2709263113 3000 FREDERICA ST OWENSBORO KY 42301 CONNIE LOU BARNETT TRUSTEE 1.00 X 0 0 0 ANGELOS STERGIOU TRUSTEE 1.00 X 0 0 0 JEFF WHITE TRUSTEE 1.00 X 0 0 0 FRED WRIGHT TRUSTEE 1.00 X 0 0 0 DEBORAH CARTER DEARING TRUSTEE/SECRETARY 1.00 X 0 0 0 SHERRY FELDPAUSCH TRUSTEE/VICE CHAIR 1.00 X 0 0 0 WM JOSEPH FOREMAN TRUSTEE 1.00 X 0 0 0 K WAYNE FOSTER TRUSTEE 1.00 X 0 0 0 THOMAS B GRIEB TRUSTEE/TREASURER 1.00 X 0 0 0 JAMES J GRIFFIN TRUSTEE 1.00 X 0 0 0 HAROLD L HALL II TRUSTEE 1.00 X 0 0 0 D TALMAGE HOCKER TRUSTEE 1.00 X 0 0 0 DENNIS W KIRTLEY TRUSTEE 1.00 X 0 0 0 THOMAS C MAJOR TRUSTEE 1.00 X 0 0 0 RANDALL L RASKIN TRUSTEE 1.00 X 0 0 0 J CHARLES SCHERTZINGER TRUSTEE 1.00 X 0 0 0 R MITCHELL SETTLE TRUSTEE 1.00 X 0 0 0 RUTH C SEYDEL TRUSTEE 1.00 X 0 0 0 PHILLIP J SHEPHERD TRUSTEE/CHAIR 1.00 X 0 0 0 JAY F SMITH TRUSTEE 1.00 X 0 0 0 DAVID RWATKINS TRUSTEE 1.00 X 0 0 0 JACK T WELLS TRUSTEE 1.00 X 0 0 0 DENNIS JEWETT EX-OFFICIO 1.00 X 0 0 0 MARK A GIBBONS EX-OFFICIO 1.00 X 0 0 0 BC CHILDRESS EX-OFFICIO 1.00 X 0 0 0 BISHOP LEONARD FAIRLEY EX-OFFICIO 1.00 X 0 0 0 GEORGE GREENWELL EMERITI 1.00 X 0 0 0 DAVID E HOCKER EMERITI 1.00 X 0 0 0 WR JENNINGS EMERITI 1.00 X 0 0 0 JOSEPH KENNY EMERITI 1.00 X 0 0 0 PHILIP A PATTERSON TRUSTEE 1.00 X 0 0 0 JOHN A PARIS TRUSTEE 1.00 X 0 0 0 ELIZABETH MAUZY-MARTIN TRUSTEE 1.00 X 0 0 0 STEVE SUTTON TRUSTEE 1.00 X 0 0 0 DALE CARDEN TRUSTEE 1.00 X 0 0 0 WILLIAM DAVIS TRUSTEE 1.00 X 0 0 0 LYDIA DORMAN TRUSTEE 1.00 X 0 0 0 BOB MCDOLE TRUSTEE 1.00 X 0 0 0 ADAM SHOURDS TRESTEE 1.00 X 0 0 0 REBECCA MCQUEEN DEAN OF STUDENTS 40.00 X 61750 0 7615 BARTON DARRELL PRESIDENT 40.00 X 170764 0 41345 THOMAS KEITH V.P. OF ADVANCEMENT 40.00 X 125902 0 16134 PAULA DEHN VP OF ACADEMIC AFFAIRS 40.00 X 122900 0 9669 CINDRA STIFF V.P. OF FINANCE 40.00 X 107600 0 9131 SCOTT KRAMER V.P. OF ENROLLMENT INITIAT 40.00 X 87560 0 3069 ROBERT MALLORY DIRECTOR OF ATHLETICS 40.00 X 82178 0 13798 JEREMY PITTMAN V.P. OF ADMISSIONS/FINANCI 40.00 X 120200 0 9663 878854 0 110424 5 0 1 0 SODEXO INC & AFFILIATES 3000 FREDERICA STREET OWENSBORO KY 42301 FOOD MANAGEMENT SERVICES 1555395 AUTOMATED OFFICE SOLUTIONS 2100 N CULLEN AVENUE EVANSVILLE IN 47715 WIFI INSTALLATION 179040 MILLER TRANSPORTATION 111 OUTER LOOP LOUISVILLE KY 40214 TRAVEL BUS TRANSPORTATION 176666 3 685600 2643419 210346 3329019 TUITION & FEES 611600 16041411 16041411 AUXILIARY INCOME 611710 3377408 3377408 OTHER SOURCES 611710 547937 547937 19966756 642404 642404 222999 113056 109943 109943 109943 74658053 3630 73474660 0 1183393 3630 1187023 3630 1183393 64442 29724 34718 34718 25269863 20080329 0 1860515 8657506 8657506 879664 766802 112862 5460398 3603486 1638389 218523 158942 82184 67560 9198 783133 447350 293534 42249 450626 261173 165751 23702 798954 798954 38715 38715 89380 89380 84316 84316 93061 93061 458211 458211 342583 342583 1578171 1578171 543180 543180 118056 118056 495024 495024 932876 932876 306373 306373 STUDENT SERVICES 1592071 1592071 UTILITIES 891742 891742 ATHLETICS 657215 657215 INSTITUTIONAL 425202 425202 380650 380650 26216049 22877479 2932036 406534 1808534 479314 2305619 1663980 450172 679833 500 500 807078 626692 134099 161492 39950811 20628436 19406626 19322375 27326965 28224680 6074796 5018291 58314389 56177157 1648396 1585960 1184517 1153791 10703059 9461544 1726473 1438621 15262445 13639916 X 3220583 2527574 3375999 3504237 36455362 36505430 43051944 42537241 58314389 56177157 X -946186 495058 -63575 X 0 1 X 1 1 1 X 36092016 391924 2293319 1307979 397342 314825 36757113 34327772 190234 3216587 1067382 575195 36092016 37471515 154802 -1714610 1143603 440332 34327772 32630440 5574744 551744 1183721 101692 37471515 30309315 1147186 2415482 1115150 126393 32630440 0.94880 0.05120 1 0 240000 100417 340417 1510000 26568456 11823741 16254715 4225053 2599738 1625315 7303480 6204957 1098523 3405 3405 19322375 FUNDS HELD IN TRUST BY OTHERS 4149605 CASH SURRENDER VALUE OF LIFE INS. 543191 BEQUEST RECEIVABLE 325495 5018291 DEPOSITS & AGENCY FUNDS 109119 ANNUITIES PAYABLE 198750 ASSET RETIREMENT OBLIGATION 308978 REFUNDABLE U.S. GOV LOAN FUNDS 547275 POSTRETIREMENT BENEFIT LIABILITIES 274499 1438621 X 16553157 -59200 -59200 16612357 8657506 8657506 25269863 17588267 29724 29724 17558543 8657506 8657506 26216049 PART V, LINE 4: PRESERVATION OF CAPITAL - OVER THE INVESTMENT TIME HORIZON, CAPITAL GAINS ARE TO BE PROTECTED. A POSITIVE RETURN IS EXPECTED OVER THE INVESTMENT TIME HORIZON; ALTHOUGH THERE MAY BE PERIODS WITH NEGATIVE RETURNS. DURING THE INTERIM, THE FUND MAY SACRIFICE SOME POSITIVE RETURNS IN ORDER TO PROTECT AGAINST LOSSES. PRESERVATION OF PURCHASING POWER - ASSET GROWTH, EXCLUSIVE OF CONTRIBUTIONS AND WITHDRAWALS, SHOULD EXCEED THE RATE OF INFLATION IN ORDER TO PRESERVE PURCHASING POWER OF THE FUND'S ASSETS. THE FUND IS WILLING TO ASSUME A MODERATE AMOUNT OF RISK IN ORDER TO REACH ITS LONG-TERM GROWTH OBJECTIVES. ANNUAL SPENDABLE INCOME - AN ANNUAL SPENDABLE INCOME (EARNED INCOME AND REALIZED GAINS) AS APPROVED BY THE FINANCE COMMITTEE WILL SUPPORT THE COLLEGE GENERAL OPERATIONS AND RESTRICTED PROGRAMS IN ACCORDANCE WITH THE DONOR SPECIFICATIONS. PART X, LINE 2: THE COLLEGE IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (IRC) AND A SIMILAR PROVISION OF STATE LAW. THE COLLEGE HAS BEEN CLASSIFIED AS A PUBLIC CHARITY QUALIFIED FOR CHARITABLE CONTRIBUTIONS UNDER IRC SECTION 170. HOWEVER THE COLLEGE IS SUBJECT TO FEDERAL INCOME TAX ON ANY UNRELATED BUSINESS TAXABLE INCOME. THE COLLEGE IS NOT CONSIDERED TO BE A PRIVATE FOUNDATION. THE COLLEGE FILES TAX RETURNS IN THE US FEDERAL JURISDICTION. WITH FEW EXCEPTIONS, THE COLLEGE IS NO LONGER SUBJECT TO US FEDERAL INCOME TAX EXAMINATIONS BY TAX AUTHORITIES FOR YEARS BEFORE 2015. PART XI, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSE 29,724. NON-OPERATING INVESTMENT INCOME -88,924. PART XI, LINE 4B - OTHER ADJUSTMENTS: STUDENT AID DISCOUNTS 8,657,506. PART XII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSE 29,724. PART XII, LINE 4B - OTHER ADJUSTMENTS: STUDENT AID DISCOUNTS 8,657,506. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 CATALOG AND SOLICITATION MATERIAL HAVE STATEMENTS REGARDING NONDISCRIMINATION. SCHEDULE E, PART I, LINE 6 THE ORGANIZATION RECEIVES FINANCIAL AID FROM THE U.S. DEPARTMENT OF EDUCATION. BASKETBALL CAR SHOW 15766 15766 1590 4744 BASEBALL GOLF SCRAMBLE 19215 19215 400 4280 1628 2 29461 29461 1696 3360 1104 10922 64442 64442 3686 7640 1104 17294 29724 34718 1 STUDENT AID DISCOUNTS 765 8657506 PART I, LINE 2: SCHOLARSHIPS ARE MONITORED BY THE FINANCIAL AID OFFICE AND THE BUSINESS OFFICE. THE FINANCIAL AID OFFICE AWARDS ALL SCHOLARSHIPS TO STUDENTS BASED ON THEIR FINANCIAL NEED AND ACADEMIC MERIT. THE BUSINESS OFFICE MONITORS SCHOLARSHIPS BASED ON THE SATISFACTORY ACADEMIC PROGRESS POLICY INSTITUTED BY THE INSTITUTION. BOTH THE FINANCIAL AID OFFICE AND BUSINESS OFFICE RECONCILE ALL SCHOLARSHIPS EACH SEMESTER TO VERIFY THAT THEY INDEED ARE CORRECT ON THE STUDENTS ACCOUNT AND IN THE G/L SYSTEM. X X X 1 1 X X 0 0 0 0 0 0 0 0 0 BARTON DARRELL PRESIDENT 170764 0 0 0 0 0 5123 0 36222 0 212109 0 0 0 PART I, LINE 1A THE PRESIDENT OF THE INSTITUTION HAS A SPECIFIC CUSTODIAN FOR HIS HOME. THE CUSTODIAN THAT CLEANS THE PRESIDENT'S HOME IS AN EMPLOYEE OF A THIRD PARTY VENDOR, GCA, WHO IS PAID MONTHLY PER THEIR CONTRACT TERMS. SCOTT KRAMER OFFICER KWC LOAN FUND X 1000 500 0 0 1 500 THOMAS MAJOR TRUSTEE 51595 INSURANCE 0 X 4 19628 STOCK QUOTE X FURNITURE & EQUIPMENT 7 190718 SELLING PRICE 0 0 0 FORM 990, PART VI, SECTION A, LINE 2 DAVID HOCKER (TRUSTEE EMERITI) IS FATHER OF D. TALMAGE HOCKER (TRUSTEE) AND BROTHER-IN-LAW TO HAROLD HALL (TRUSTEE). HAROLD HALL (TRUSTEE) IS UNCLE TO D. TALMAGE HOCKER (TRUSTEE). TOM MAJOR (TRUSTEE) IS UNCLE TO MITCH MAJOR (TRUSTEE). FORM 990, PART VI, SECTION B, LINE 11B THE V.P. OF FINANCE AND THE CONTROLLER REVIEW THE DRAFT OF THE 990 BEFORE FILING THE FINAL 990 TAX RETURN. FORM 990, PART VI, SECTION B, LINE 12C ALL OFFICERS, TRUSTEES, AND KEY EMPLOYEES ARE REQUIRED TO COMPLETE AN ANNUAL FORM STATING THEIR COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY. FORM 990, PART VI, SECTION B, LINE 15 LINE 15A, MANAGEMENT - THE BOARD OF TRUSTEES REFERENCES OTHER COMPARABLE SMALL COLLEGE COMPENSATION DATA FROM ACB & CIC TO NEGOTIATE BEGINNING SALARY AND BENEFITS OF INCOMING PRESIDENTS; ANNUAL REVIEW OF JOB PERFORMANCE IS COMPLETED WITH THE BOARD OF TRUSTEE CHAIRMAN. LINE 15B, KEY EMPLOYEES - SALARY DATA FROM OTHER COMPARABLE INSTITUTIONS IS USED TO DETERMINE BEGINNING SALARIES OF ALL OFFICERS; NEGOTIATIONS ARE MANAGED BY THE COLLEGE PRESIDENT; ANNUAL REVIEW OF JOB PERFORMANCE AND SALARY LEVEL IS COMPLETED FOR EACH OFFICER BY THE PRESIDENT; ANNUAL AIKCU SALARY DATA BY POSITION IS ALSO REFERENCED. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: PRESENT VALUE ADJUSTMENT OF ANNUITIES -21,304. CHANGE IN VALUE OF BENEFICIAL INTEREST IN TRUSTS -55,233. LOAN REPAYMENTS 3,065. MATURED ANNUITY 9,897.