2018-11-05T10:51:07-06:00 2018-06-30 540504608 BROWN EDWARDS & COMPANY LLP 707 VIRGINIA STREET EAST SUITE 300 CHARLESTON WV 25301 990 2017-07-01 550357056 WEST VIRGINIA WESLEYAN COLLEGE WEST 3044738030 59 COLLEGE AVE BUCKHANNON WV 26201 SCOTT MCKINNEY CFO 3044738030 2018-11-01 MELISSA PRICE P00750418 3043434188 2018-11-01 206.248.228.130 2018-11-01 15:15:45 ED P D0156BD46B4B1FE921C9503B1D7FFBF99E37DBAB C6B7EFC27ADC1D591699B7D67A64703C90C79A72 2017 2018-06-14 16:35:46Z SCOTT MCKINNEY 59 COLLEGE AVENUE BUCKHANNON WV 26201 70316747 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. 42 39 1030 0 0 0 6799976 4335659 52002264 50651412 1995038 1369720 304126 304108 61101404 56660899 24949544 24644522 0 0 20250308 17582140 0 0 1011232 14195503 13401403 59395355 55628065 1706049 1032834 106255516 101859522 34019267 25612589 72236249 76246933 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 50448134 24644522 40570310 THE COLLEGE ENROLLS APPROXIMATELY 1400 STUDENTS IN MORE THAN 40 BACCALAUREATE AND MASTERS PROGRAMS. 50448134 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 1901 0 1 1030 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 42 39 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 GAVIN S APPLEBY TRUSTEE 0.00 X 0 0 0 KARI CARPENTER MATTSON TRUSTEE 0.00 X 0 0 0 JOHN F ALLEVATO TRUSTEE 0.00 X 0 0 0 TRACY DUNN CUNNINGHAM TRUSTEE 0.00 X 0 0 0 JOHN D ESAIAS TRUSTEE 0.00 X 0 0 0 CATHERINE A BANDAK TRUSTEE 0.00 X 0 0 0 WILLIAM GRANT 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 LACARIA TRUSTEE 0.00 X 0 0 0 PHILIP LINDEMAN TRUSTEE 0.00 X 0 0 0 DAVID C MYERS TRUSTEE 0.00 X 0 0 0 HERBERT OYE TRUSTEE 0.00 X 0 0 0 CHARLES PICKERING 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 KEVIN RYAN TRUSTEE 0.00 X 0 0 0 JOHN SHIMRAK TRUSTEE 0.00 X 0 0 0 SANDRA L STEINER BALL TRUSTEE 0.00 X 0 0 0 JESSE M KETTERMAN TRUSTEE 0.00 X 0 0 0 JOHN TAYLOR TRUSTEE 0.00 X 0 0 0 KATIE L LOUDIN TRUSTEE 0.00 X 0 0 0 MARY JANE BLAIR WILLIS TRUSTEE 0.00 X 0 0 0 MELINDA WITT TRUSTEE 0.00 X 0 0 0 FELICA WOOTEN WILLLIAMS TRUSTEE 0.00 X 0 0 0 DAVID A YOUNG TRUSTEE 0.00 X 0 0 0 JOEL THIERSTEIN PRESIDENT 37.50 X X 225562 0 10852 SEAN BOYLE TRUSTEE 0.00 X 0 0 0 ELLIS E CONLEY TRUSTEE 0.00 X 0 0 0 C SUZANNE ELLIS TRUSTEE 0.00 X 0 0 0 BRIAN A MAXWELL TRUSTEE 0.00 X 0 0 0 PAUL S KLICK TRUSTEE 0.00 X 0 0 0 KEN A RAMSEY TRUSTEE 0.00 X 0 0 0 CYNTHIA MOORE-KOIKOI TRUSTEE 0.00 X 0 0 0 JEFFREY S NEAL TRUSTEE 0.00 X 0 0 0 EVAN D PETERSON 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 ROBERT O RUPP TRUSTEE 0.00 X 0 0 0 CRAIG D WELSH TRUSTEE 0.00 X 0 0 0 BOYD CREASMAN VP/INTERIM PRESIDENT 37.50 X 170870 0 26823 SCOTT MCKINNEY CFO 37.50 X 0 0 0 JOHN WALTZ VP ENROLLMENT MGMT 37.50 X 125537 0 19227 MELODY MEADOWS INTERIM VP FOR AA 37.50 X 105325 0 17038 JAMES MOORE DEAN OF THE FACULTY 37.50 X 71080 0 17887 VICKIE CROWDER DIRECTOR OF HUMAN RESOURSES 37.50 X 101609 0 11369 799983 0 103196 5 0 1 0 ALADDIN FOOD 21 AMORY DRIVE WHEELING WV 26003 FOOD SERVICE 2362627 DANHILL CONSTRUCTION COMPANY PO BOX 685 GAULEY BRIDGE WV 25085 CONSTRUCTION 342927 INDEPENDENT COLLEGE ENTERPRISE 2300 MACCORKLE AVE SE CHARLESTON WV 25303 SOFTWARE & SUPP 290302 HIGH POINT CONSTRUCTION GROUP PO BOX 577 BUCKHANNON KY 26201 CONSTRUCTION 246330 A BOOK COMPANY LLC 28312 NETWORK PLACE CHICAGO IL 606731283 TEXTBOOKS 199909 10 1905053 2430606 247569 4335659 TUITION & FEES 611310 40570310 40570310 AUXILLARY INCOME 611710 10081102 10081102 50651412 1197608 1197608 13827960 13655848 172112 172112 172112 OTHER INCOME 611710 304108 304108 304108 56660899 40570310 0 11754930 24644522 24644522 610632 322943 287689 12947183 11212161 1198597 536425 924398 777639 100416 46343 2165166 1252886 866077 46203 934761 791134 104802 38825 37523 37523 68040 68040 14764 14764 12042 12042 1574469 1436373 66329 71767 1645925 1540816 65791 39318 770211 743683 3088 23440 1123418 1006622 116796 2735633 2353011 326008 56614 434692 414031 12131 8530 FOOD SERVICE 2329085 2280384 23301 25400 OTHER CONTRACT SERVICES 1114708 781621 300486 32601 MISCELLANEOUS 784458 420164 360315 3979 EQUIPMENT RENTAL/MAINTE 420821 249961 164031 6829 335614 208141 52515 74958 55628065 50448134 4168699 1011232 X 0 0 0 0 3613787 3333425 1136340 837277 470607 317847 1187294 1006403 99039 107918 966579 1065465 105903861 68102347 38912888 37801514 43046843 45962092 16822139 11427581 106255516 101859522 3787348 1889082 724654 709622 24611699 18200574 2513229 2486556 36115 14445 2346222 2312310 34019267 25612589 X 5974900 7501393 11735030 13335400 54526319 55410140 72236249 76246933 106255516 101859522 X 1032834 2615332 362518 X X 0 1 X 1 1 1 X 9275133 6597221 7262615 6799976 4335659 34270604 9275133 6597221 7262615 6799976 4335659 34270604 3516788 30753816 1118292 1397117 1651856 1086635 1197608 6451508 40722112 0.75520 0.75700 X 47365379 1289871 3505168 1850000 50310418 42384984 1726876 5053519 1800000 47365379 44753388 1433554 -2101957 1700000 42384985 44908387 1000966 394035 1550000 44753388 37889807 3238809 5229771 1450000 44908387 0.99990 0.00010 1 0 1675811 1675811 85361413 51769776 33591637 14670779 13418502 1252277 4195858 2914069 1281789 37801514 INTEREST IN PERPETUAL TRUSTS 11221044 DEPOSIT HELD BY TRUSTEE 206537 11427581 REFUNDABLE ADVANCES 1185418 SPLIT INTEREST OBLIGATIONS 1126892 2312310 34994227 2615332 362518 2977850 32016377 24644522 24644522 56660899 30983543 0 30983543 24644522 24644522 55628065 PART XI, LINE 2D - OTHER ADJUSTMENTS: NET GAIN ON BENEFICIAL INTEREST IN TRUST 354,864. CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS -57,603. CHANGE IN VALUE OF INTEREST RATE SWAP 65,257. PART XI, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS AND AWARDS 24,644,522. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS AND AWARDS 24,644,522. 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 1306 24644522 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 0 0 0 0 0 0 0 0 0 JOEL THIERSTEIN PRESIDENT 225562 0 0 0 0 0 6600 0 4252 0 236414 0 0 0 BOYD CREASMAN VP/INTERIM PRESIDENT 170870 0 0 0 0 0 21000 0 5823 0 197693 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 2685000 7931986 155885 7776101 2011 0 1 1 1 B 735000 6617774 126160 6491614 2013 0 1 1 1 C 205000 1020000 20000 1000000 2014 0 0 1 1 D 475000 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 1 0 0 0 0 0 0 1 D 0 1 0 0 0 0 0 0 1 A 1 B 1 C 1 D 1 SHEDULE K SCHEDULE K - DATE REBATE COMPUTATION PERFORMED COLLEGE COMM DEV REFUND REV 2010C 01/22/16 SCHEDULE K - DATE REBATE COMPUTATION PERFORMED COLLEGE COMM DEV REFUND REV BONDS 2013A 05/17/18 A COLLEGE COMM DEV REV BONDS 2016A 556000152 118325DP1 2016-12-01 5815000 REFUNDING SERIES 10' 0 0 0 A 25000 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 20 247569 FAIR MARKET VALUE 0 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 COUNCILS. 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 354,864. CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS -57,603. CHANGE IN VALUE OF INTEREST RATE SWAP 65,257. SCHOLARSHIPS AND AWARDS 24,644,522. SCHOLARSHIPS AND AWARDS -24,644,522. 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 88721 CASH VALUE