2018-04-16T15:52:08-05:00 2017-05-31 421029744 TD&T CPAS AND ADVISORS PC 1700 42ND ST NE CEDAR RAPIDS IA 52402 990 2016-06-01 420680332 IOWA WESLEYAN UNIVERSITY IOWA 3193856206 601 N MAIN STREET MT PLEASANT IA 52641 CHRIS PLUNKETT VP OF FINANCE 3193856206 2018-04-16 true AMANDA L LANE CPA P01257668 3193932374 2018-04-16 061F162D7B65D69498472D5BA1B5C9B3D1B420E0 55768AC9CD56D4035E89663FEFE1880A83120F3A 2016 2021-01-29 14:40:06Z STEVEN TITUS 601 N MAIN STREET MT PLEASANT IA 52641 18671500 false X WWW.IW.EDU X 1842 IA IOWA WESLEYAN UNIVERSITY IS A TRANSFORMATIONAL LEARNING COMMUNITY WHOSE PASSION IS TO EDUCATE, EMPOWER AND INSPIRE STUDENTS TO LEAD MEANINGFUL LIVES AND CAREERS. 24 23 370 50 0 2371278 2879095 12978108 15481679 -36720 257255 58480 53471 15371146 18671500 4982927 6512094 0 6084278 6543060 0 480400 7624541 8263441 18691746 21318595 -3320600 -2647095 38662700 43796571 21293949 27878004 17368751 15918567 X IOWA WESLEYAN UNIVERSITY IS A TRANSFORMATIONAL LEARNING COMMUNITY WHOSE PASSION IS TO EDUCATE, EMPOWER AND INSPIRE STUDENTS TO LEAD MEANINGFUL LIVES AND CAREERS. false false 5275899 12045615 THE UNIVERSITY IS ACCREDITED AS A BACCALAUREATE INSTITUTION BY THE HIGHER LEARNING COMMISSION. STUDENT PAYMENTS OF TUITION AND SERVICE FEES ARE USED TO PROVIDE THE HIGHEST POSSIBLE QUALITY EDUCATION AT THE LOWEST POSSIBLE COST. THE UNIVERSITY ENROLLED 527 FULL AND PART TIME STUDENTS IN THE FALL SEMESTER OF 2016 AND 477 STUDENTS IN THE SPRING SEMESTER OF 2017. 2193086 3436064 AUXILLARY ENTERPRISES FOR THE BENEFIT OF THE STUDENTS (RESIDENCE HALLS, DINING, ETC. THE UNIVERSITY HAD 257 STUDENTS LIVING ON CAMPUS DURING THE SPRING 2017 SEMESTER. ALL STUDENTS LIVING ON CAMPUS ALSO PURCHASED MEAL PLANS. 6512094 6512094 SCHOLARSHIP PROGRAMS FOR SCHOLARSHIPS AND GRANTS TO 530 STUDENTS. 3892042 STUDENTS SERVICES, INCLUDING STUDENT DEVELOPMENT, ACADEMIC AND CAREER COUNSELING, ATHLETICS, FINANCIAL ASSISTANCE AND OTHER SERVICES, WAS PROVIDED 527 FULL AND PART TIME STUDENTS IN THE FALL SEMESTER OF 2016 AND 477 STUDENTS IN THE SPRING SEMESTER OF 2017. 3892042 17873121 true true false false false false false true false true true false false true true true true false true false false false false false false false false false true true false false false false false false false true true false false false true false false false false true 33 0 true 370 true false false false false false false false false false false X 24 23 false false false false false false false true true false false false true true true true true true true false X CHRIS PLUNKETT 3193856206 601 N MAIN STREET MT PLEASANT IA 52641 ANNETTE SCIESZINSKI CHAIRPERSON 1.00 X X 0 0 0 MARY ELGAR SECRETARY 1.00 X X 0 0 0 JOHN BADGER TRUSTEE 1.00 X 0 0 0 JASON BENDER TRUSTEE 1.00 X 0 0 0 ELIZABETH GARRELS TRUSTEE 1.00 X 0 0 0 CHARLES FLUHARTY TRUSTEE 1.00 X 0 0 0 L NATHAN GAUSE TRUSTEE 1.00 X 0 0 0 BYRON JOHNSON TRUSTEE 1.00 X 0 0 0 DENISE KELTNER JOHNSON TRUSTEE 1.00 X 0 0 0 TONY KASKA TRUSTEE 1.00 X 0 0 0 MARIA LOFGREN TRUSTEE 1.00 X 0 0 0 WALLACE LOH TRUSTEE 1.00 X 0 0 0 MICK MICHAEL TRUSTEE 1.00 X 0 0 0 ROBERT MILLER TRUSTEE 1.00 X 0 0 0 RANDALL PERRY TRUSTEE 1.00 X 0 0 0 W CHRISTINE RAUSCHER TRUSTEE 1.00 X 0 0 0 THEODORE ROTH TRUSTEE 1.00 X 0 0 0 JD SCHIMMELPFENNIG TRUSTEE 1.00 X 0 0 0 GARY SHAW TRUSTEE 1.00 X 0 0 0 MATTHEW SHINN TRUSTEE 1.00 X 0 0 0 KENT SWAIM TRUSTEE 1.00 X 0 0 0 CHRISTOPHER VAN GELS TRUSTEE 1.00 X 0 0 0 CHRISTIE VILSACK TRUSTEE 1.00 X 0 0 0 DON WILEY VICE CHAIRMA 1.00 X X 0 0 0 STEVEN TITUS PRESIDENT 50.00 X 274367 0 16115 CHRIS PLUNKETT VP OF FINANC 50.00 X 0 0 0 WESLEY BROOKS VP STUD, DEV 50.00 X 111090 0 16036 DEWAYNE FRAZIER VP ACADEMIC 50.00 X 145322 0 15012 MEG RICHTMAN VP INSTITUTI 50.00 X 122810 0 15012 DREW VANHORN VP INSTITUTI 50.00 X 20726 0 1336 NICKOLIS BOONE VP ENROLLMEN 50.00 X 50537 0 6255 724852 69766 4 false true false NATIONAL MANAGEMENT RESOURCES PO BOX 1224 LAGRANGR GA 30241 MAINTENANCE 828192 SODEXHO AMERICA 601 N MAIN MT PLEASANT IA 52641 FOOD SERVICE 772285 US BANK PO BOX 790408 ST LOUIS MO 63179 CREDIT CARD 471195 ROYALL & COMPANY 1920 E PARHAM RD RICHMOND VA 23228 CONSULTING 371653 WAYLAND STATE BANK 301 S MAIN ST MT PLEASANT IA 52641 BANKING 301802 10 121561 2757534 87347 2879095 TUITION AND FEES 611600 12045615 12045615 ROOM & BOARD 721310 2798318 2798318 MISC FEES 900099 337751 337751 BOOKSTORE 900099 232630 232630 FINANCE CHARGE 451211 67365 67365 15481679 67196 67196 53471 53471 53471 53471 3991 186068 3991 186068 190059 190059 18671500 12045615 3746790 6512094 6512094 990908 312280 590244 88384 4358898 3806508 356576 195814 840174 686069 114066 40039 353080 279302 54226 19552 28486 28486 65676 65676 195599 21203 128091 46305 13711 3476 9992 243 882886 857312 23645 1929 315623 227253 63077 25293 63817 33534 28377 1906 771418 709705 53999 7714 1040609 948488 81811 10310 282502 82939 199563 FOOD SERVICE CONTRACT 1694091 1694091 CONTRACT SERVICES 1125820 770606 346038 9176 SUPPLIES 666855 594306 63619 8930 OTHER 360549 14327 345389 833 755799 319628 412199 23972 21318595 17873121 2965074 480400 1544 1544 651333 3127525 73816 33678 166809 300010 258993 166417 355712 143929 42726137 21026327 22027381 21699810 1996536 6667283 13130576 11656375 38662700 43796571 913176 1592104 28108 81763 43937 10400147 9624088 25940902 246667 301061 21293949 27878004 X -807272 -4723081 3088770 3423147 15087253 17218501 17368751 15918567 38662700 43796571 -2647095 401369 795542 X false true X true true true X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 704794 X X X false 13065291 1682979 898855 467000 15180125 14451710 166855 -598274 955000 13065291 14492061 124843 290493 455687 14451710 13386500 651392 921525 467356 14492061 12534095 672148 1098605 918348 13386500 1.00000 true false 363027 363027 59917 31921052 12377430 19603539 845419 668984 176435 8737925 7184528 1553397 798797 795385 3412 21699810 BENEFICIAL INTEREST IN PERPETUAL TRU 6365186 SAVINGS ACCTS & CDS 2711798 DEBT SERVICE RESERVE FUND 1246282 COLLECTIONS 704794 MINERAL RIGHTS 310000 CASH SURRENDER VALUE OF LIFE INS 267626 REFUNDABLE GOVT LOAN PROGRAM 50689 11656375 ANNUITY OBLIGATIONS 200309 STUDENT DEPOSITS 100752 301061 X 12950698 401369 328635 730004 12220694 6450806 6450806 18671500 14868040 251 251 14867789 6450806 6450806 21318595 SCHEDULE D, PAGE 2, PART III, LINE 4 THE UNIVERSITY'S FINE ART COLLECTION INCLUDES DRAWINGS, PAINTINGS, FURNITURE AND SCULPTURES THAT ARE MAINTAINED FOR PURPOSES OF SCHOLARLY RESEARCH, PUBLIC EXHIBITS AND PRESERVATION FOR FUTURE GENERATIONS. SCHEDULE D, PAGE 2, PART V, LINE 4 ENDOWMENT FUNDS ARE INVESTED AND THE REVENUE OF SUCH IS USED PRIMARILY TO FUND GRANTS AND SCHOLARSHIPS TO QUALIFIED STUDENTS OF THE UNIVERSITY. SCHEDULE D, PAGE 3, PART X THE UNIVERSITY IS EXEMPT FROM FEDERAL INCOME TAX AS DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE UNIVERSITY IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. SCHEDULE D, PAGE 4, PART XI, LINE 2D CHANGE IN SPLIT INTEREST AGREEMENT 328,384 OTHER 251 SCHEDULE D, PAGE 4, PART XI, LINE 4B SCH & GRANTS NETTED REVENUE 6,450,806 SCHEDULE D, PAGE 4, PART XII, LINE 2D OTHER 251 SCHEDULE D, PAGE 4, PART XII, LINE 4B SCH & GRANTS NETTED REVENUE 6,450,806 true true true true true true true false false false false false false false false true false true SCHEDULE E, LINE 3 NONDISCRIMINATION POLICY NOTED IN ALL PUBLIC ADVERTISING, UNIVERSITY CATALOGS AND FINANCIAL AID LITERATURE. SCHEDULE E, LINE 6 THE ORGANIZATION RECEIVES STUDENT FINANCIAL ASSISTANCE THROUGH THE DEPARTMENT OF EDUCATION. THE FOLLOWING PROGRAMS ARE ADMINISTERED THROUGH THE UNIVERSITY: DIRECT STUDENT LOANS, PELL GRANTS, SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANTS, WORK-STUDY, PERKINS LOANS, AND TEACH GRANTS. FOR THE YEAR ENDED MAY 31, 2017 THE ORGANIZATION HAD 4,330,012 IN FEDERAL EXPENDITURES RELATED TO THE PROGRAMS. true FEDERAL SUPPLEMENTAL EDUC 143 61287 INSTITUTION SCHOLARSHIPS 387 6450807 SCHEDULE I, PAGE 1, PART I, LINE 2 THE UNIVERSITY HAS A FINANCIAL AID DEPARTMENT WHOSE STAFF IS TRAINED AND CONTINUOUSLY EDUCATED REGARDING FEDERAL FINANCIAL AID RULES AND REGULATIONS. THE STAFF OF THE UNIVERSITY DETERMINES THE FINANCIAL NEED OF THE STUDENT AND DETERMINES THE AMOUNT OF FINANCIAL ASSISTANCE THAT CAN BE AWARDED TO THE STUDENT BASED ON FEDERAL RULES AND REGULATIONS. THE FINANCIAL AID STAFF ALSO AWARDS GRANTS AND SCHOLARSHIPS BASED ON ENDOWED GIFTS THAT COMPLY WITH THE TERMS OF THE ENDOWED GIFTS. X true true X X X X false false false false false false false false false STEVEN TITUS PRESIDENT 274367 16115 290482 DEWAYNE FRAZIER VP ACADEMIC AFFAIRS 145322 15012 160334 DON WILEY SEE PART V 71093 SEE PART V false SCHEDULE L, PART V FORM 990, SCHEDULE L, PART IV, LINE (1) THE UNIVERSITY RECEIVES COMPETITIVE BIDS AND ALL WORK AWARDED TO TAFT-WILEY IS BASED ON LOWEST BID. DON WILEY, BOARD TRUSTEE, IS THE BROTHER OF THE OWNER OF TAFT-WILEY, INC., A COMPANY THAT PROVIDED COOLING AND HEATING SERVICES FOR THE UNIVERSITY FOR THE CURRENT YEAR-END. X 310 FAIR VALUE X 2 1745 FAIR VALUE X 1 71960 FAIR VALUE X TELEVISIONS 1 2022 FAIR VALUE X AIR CONDITIONER 1 3190 FAIR VALUE X OTHER 12 8120 FAIR VALUE false false true SCHEDULE M, PAGE 1, PART I, LINE 32B THE UNIVERSITY USES AN INDEPENDENT BROKER TO SELL SECURITIES RECEIVED AS A NONCASH CONTRIBUTION. FORM 990, PAGE 2, PART III, LINE 4D STUDENTS SERVICES, INCLUDING STUDENT DEVELOPMENT, ACADEMIC AND CAREER COUNSELING, ATHLETICS, FINANCIAL ASSISTANCE AND OTHER SERVICES, WAS PROVIDED 527 FULL AND PART TIME STUDENTS IN THE FALL SEMESTER OF 2016 AND 477 STUDENTS IN THE SPRING SEMESTER OF 2017. FORM 990, PAGE 6, PART VI, LINE 11B WHILE ANY MEMBER OF THE BOARD MAY REQUEST A COPY OF THE FORM 990 AT ANY TIME, ALL OF THE MEMBERS ARE NOT ASKED TO REVIEW A DRAFT PRIOR TO THE FILING. THE AUDIT COMMITTEE REVIEWS THE RESULTS OF THE AUDIT WITH MANAGEMENT AND THE OUTSIDE AUDITOR. AS THE FINANCIAL INFORMATION REFLECTED IN THE AUDITED FINANCIAL STATEMENTS IS UTILIZED IN THE FORM 990, THE AUDIT COMMITTEE REQUIRES THE CONTROLLER TO RECONCILE THE FINANCIAL INFORMATION REFLECTED IN THE FORM 990 TO THE AUDITED FINANCIAL STATEMENTS. ANY EXCEPTIONS NOTED BY THE CONTROLLER ARE TO BE BROUGHT TO THE ATTENTION OF THE CFO AND THE CHAIR OF THE AUDIT COMMITTEE. THE CHAIR OF THE AUDIT COMMITTEE REVIEWS THE ENTIRE DRAFT OF THE FORM 990 AND DISCUSSES ANY QUESTIONS OR CONCERNS FROM THIS REVIEW WITH THE CFO, CONTROLLER, OUTSIDE AUDITOR OR OTHER TRUSTEES AS IS APPROPRIATE PRIOR TO THE FILING OF THE FORM. FORM 990, PAGE 6, PART VI, LINE 12C THE UNIVERSITY TRUSTEES VOLUNTARILY REPORT CONFLICTS AND ABSTAIN FROM VOTING ON ISSUES IN WHICH CONFLICTS EXIST. FORM 990, PAGE 6, PART VI, LINE 15A SALARIES ARE DETERMINED BY COMPARISONS WITH APPROPRIATE BENCHMARKING SURVEYS AND AVAILABLE RESOURCES. THE PRESIDENTIAL REVIEW COMMITTEE MEETS TO REVIEW THE PRESIDENT'S SALARY. FORM 990, PAGE 6, PART VI, LINE 15B SALARIES ARE DETERMINED BY COMPARISONS WITH APPROPRIATE BENCHMARKING SURVEYS AND AVAILABLE RESOURCES. FORM 990, PAGE 6, PART VI, LINE 19 THE DOCUMENTS ARE PROVIDED TO THE BOARD AND AVAILABLE TO ANYONE ELSE UPON REQUEST. FORM 990, PART XI, LINE 9 CHANGE IN SPLIT INTEREST AGREEMENT 328,384 CHANGE IN ESTIMATE OF BENEFICIAL INTEREST 467,158 TOTAL 795,542 IW REAL ESTATE FOUNDATION LLC 601 NORTH MAIN STREET MT PLEASANT IA 52641 811054775 PART VII IA 20143001 PART VII SCHEDULE R SCHEDULE R, PART I, LINE 1, COLUMN (B) THE PRIMARIY ACTIVITY OF THE COMPANY IS TO ACQUIRE AND OWN REAL ESTATE AND OTHER PROPERTY FOR THE EXCLUSIVE USE OF THE SOLE MEMBER AND TO ACCEPT GIFTS AND CONTRIBUTIONS TO BE DISTRIBUTED TO OR FOR THE BENEFIT OF THE SOLE MEMBER. SCHEDULE R, PART I, LINE 1, COLUMN (E) THE COMPANY OWNS SUBSTANTIALLY ALL OF THE REAL ESTATE USED BY THE UNIVERSITY. SCHEDULE R, PART I, LINE 1, COLUMN (F) THE SOLE MEMBER OF THE COMPANY IS IOWA WESLEYAN UNIVERSITY.