2017-05-04T16:01:07-04:00 2016-06-30 203934956 WHISMAN GIORDANO & ASSOCIATES LLC 111 CONTINENTAL DR STE 210 NEWARK DE 197134330 990 2015-07-01 510064335 WESLEY COLLEGE INC WESL 3027362566 120 NORTH STATE STREET DOVER DE 199013835 CHRISTINE GIBSON PHD VP OF FINANCE & CFO 3027362571 2017-05-03 true JOSEPH A GIORDANO CPA P00578904 3022660202 2017-05-03 2015 2021-01-29 14:40:06Z CHRISTINE GIBSON PHD 120 NORTH STATE STREET DOVER DE 19901 54209766 false X WWW.WESLEY.EDU X 1873 DE WESLEY COLLEGE IS A UNITED METHODIST INSTITUTION OF HIGHER EDUCATION THAT SEEKS TO BE AMONG THE FINEST STUDENT-CENTERED LEARNING COMMUNITIES IN THE LIBERAL ARTS TRADITION. CONSISTENT WITH OUR METHODIST HERITAGE, THE COLLEGE AFFIRMS MEANING AND PURPOSE IN LIFE THROUGH JUSTICE, COMPASSION, INCLUSION AND SOCIAL RESPONSIBILITY THAT ENHANCE COMMUNITY LIFE AND RESPECT FOR THE ENVIRONMENT. WESLEY COLLEGE EXISTS TO LIBERATE AND EMPOWER ITS STUDENTS WITH THE KNOWLEDGE, SKILLS, ETHICAL ATTITUDES AND CAPACITY FOR CRITICAL THINKING NEEDED TO ACHIEVE PERSONAL AND PROFESSIONAL GOALS AND TO CONTRIBUTE TO THE LOCAL AND GLOBAL SOCIETY. 29 29 1094 0 4870079 2442278 43694215 47039939 269144 396879 664030 908199 49497468 50787295 0 0 14520546 15441854 0 801233 34694451 35795483 49214997 51237337 282471 -450042 38994240 38670184 13081206 12693477 25913034 25976707 X WESLEY COLLEGE IS A UNITED METHODIST INSTITUTION OF HIGHER EDUCATION THAT SEEKS TO BE AMONG THE FINEST STUDENT-CENTERED LEARNING COMMUNITIES IN THE LIBERAL ARTS TRADITION. CONSISTENT WITH OUR METHODIST HERITAGE, THE COLLEGE AFFIRMS MEANING AND PURPOSE IN LIFE THROUGH JUSTICE, COMPASSION, INCLUSION AND SOCIAL RESPONSIBILITY THAT ENHANCE COMMUNITY LIFE AND RESPECT FOR THE ENVIRONMENT. WESLEY COLLEGE EXISTS TO LIBERATE AND EMPOWER ITS STUDENTS WITH THE KNOWLEDGE, SKILLS, ETHICAL ATTITUDES AND CAPACITY FOR CRITICAL THINKING NEEDED TO ACHIEVE PERSONAL AND PROFESSIONAL GOALS AND TO CONTRIBUTE TO THE LOCAL AND GLOBAL SOCIETY. false false 41198768 WESLEY COLLEGE IS A UNITED METHODIST INSTITUTION OF HIGHER EDUCATION THAT SEEKS TO BE AMONG THE FINEST STUDENT-CENTERED LEARNING COMMUNITIES IN THE LIBERAL ARTS TRADITION. CONSISTENT WITH OUR METHODIST HERITAGE, THE COLLEGE AFFIRMS MEANING AND PURPOSE IN LIFE THROUGH JUSTICE, COMPASSION, INCLUSION AND SOCIAL RESPONSIBILITY THAT ENHANCE COMMUNITY LIFE AND RESPECT FOR THE ENVIRONMENT. WESLEY COLLEGE EXISTS TO LIBERATE AND EMPOWER ITS STUDENTS WITH THE KNOWLEDGE, SKILLS, ETHICAL ATTITUDES AND CAPACITY FOR CRITICAL THINKING NEEDED TO ACHIEVE PERSONAL AND PROFESSIONAL GOALS AND TO CONTRIBUTE TO THE LOCAL AND GLOBAL SOCIETY. 41198768 true false false false false false false false false true true false false false true true true false true false false false false false false false false false false true false false false false false false false false false false false false false false false false false true 64 0 false 1094 true false false false false false false X 29 29 false false false false false false false true true false false false true true true true true true true false X X OFFICE OF THE CFO 3027362571 120 NORTH STATE STREET DOVER DE 19901 ROBERT V A HARRA JR CHAIR 1.00 X 0 0 0 WILLIAM STRICKLAND VICE CHAIR 1.00 X 0 0 0 DWAYNE HOLDEN SECRETARY 1.00 X 0 0 0 CHARLES R DASHIELL JR MEMBER 1.00 X 0 0 0 CHARLES BURTON MEMBER 1.00 X 0 0 0 BISHOP DR SANDRA STEINER BALL MEMBER 1.00 X 0 0 0 DR WILLIAM E BAZZELLE SR MEMBER 1.00 X 0 0 0 SCOTT R BROWN MEMBER 1.00 X 0 0 0 STEPHANIE SMITH CHRISTIANO MEMBER 1.00 X 0 0 0 TIMOTHY J CONSTANTINE MEMBER 1.00 X 0 0 0 REV BOYD B ETTER MEMBER 1.00 X 0 0 0 REV VICKI GORDY-STITH MEMBER 1.00 X 0 0 0 REV W LEROY JONES MEMBER 1.00 X 0 0 0 ALAN B LEVIN MEMBER 1.00 X 0 0 0 VALERIE J LYONS MEMBER 1.00 X 0 0 0 DONALD L MASTEN MEMBER 1.00 X 0 0 0 REV CHARLOTTE A NICHOLS MEMBER 1.00 X 0 0 0 REV TOM A PASMOR MEMBER 1.00 X 0 0 0 REV KYUNG-HEE SA MEMBER 1.00 X 0 0 0 WILLIAM H WILLIS JR MEMBER 1.00 X 0 0 0 DR RAFAEL ZARAGOZA MEMBER 1.00 X 0 0 0 GREGORY V MOORE MEMBER 1.00 X 0 0 0 LINDA S BROYHILL MEMBER 1.00 X 0 0 0 HARRY D SKIPWILLIS MEMBER 1.00 X 0 0 0 KEVIN BAIRD MEMBER 1.00 X 0 0 0 REV DR BENITA HARRIS MEMBER 1.00 X 0 0 0 LARRY MERCARDANTE MEMBER 1.00 X 0 0 0 HONORABLE CHARLES H TOLIVER IV MEMBER 1.00 X 0 0 0 ROBERT CLARK II PRESIDENT 40.00 X X 108417 0 31687 CHRIS WOOD VP/INSTIT'L 40.00 X 149980 0 12193 CHRISTINE GIBSON PHD VP OF FINAN 40.00 X 149300 0 18673 JEFF GIBSON VP FOR ACADE 40.00 X 103850 0 2492 MICHAEL P DRASS ATHLETIC DIR 40.00 X 113978 0 16985 GREG POTTS VP OF ENROLL 40.00 X 115924 0 10830 PATRICIA PATTERSON DIR OF GRADU 40.00 X 112112 0 6289 MALCOLM D'SOUZA PROFESSOR 40.00 X 125828 0 5298 WILLIAM JOHNSTON PRESIDENT 40.00 X 263363 0 17442 1242752 121889 9 true true false ARAMARK FOOD SERVICE 100 PENN SQUARE EAST PHILADELPHIA PA 19101 FOOD SERVICE 2872603 NATIONAL MANAGEMENT RESOURCES CORP 113 CORPORATE PARK E CT LAGRANGE GA 30241 MAINTENANCE 1394567 ELLUCIAN COMPANY LP 4 COUNTRY VIEW ROAD MALVERN PA 19355 TECHNOLOGY 1198092 CITY OF DOVER 860 BUTTNER PL DOVER DE 19904 UTILITIES 854336 BARNES NOBLE PO BOX 111 LYNDHURST NJ 07071 TEXTBOOKS 410617 5 1483298 958980 2442278 TUITION AND FEES 36626125 36626125 AUXILIARY OPERATIONS 10413814 10413814 47039939 96583 96583 3625871 96896 3422471 203400 96896 300296 300296 OTHER REVENUE 908199 908199 908199 50787295 47948138 396879 544500 408375 136125 10145 7609 2536 12141001 10348902 1467516 324583 400285 319398 61769 19118 1489024 1019395 427094 42535 856899 682067 143617 31215 51033 8818 42215 90358 90358 157549 3457 114979 39113 397324 172633 176125 48566 1301052 20833 1280219 6955277 2646728 4281626 26923 327648 304381 19164 4103 72580 36346 30107 6127 364742 364742 1589392 1577536 11856 509510 509510 GRANTS, SCHOLARSHIPS, ETC 17885119 17885119 DINING HALL 2706415 2706415 STUDENT SERVICES 1339511 1339511 OTHER EXPENSES-PROGRAM 752291 752291 1295682 1010196 165197 120289 51237337 41198768 9237336 801233 864729 640422 772490 242357 1754197 1524670 1194827 1021269 181757 12618 62856571 33853321 24113841 29003250 6651765 6201188 3424568 36066 24410 38994240 38670184 2411241 2017854 841027 888218 35000 8604498 8698651 1189440 1088754 13081206 12693477 X 13594745 14040062 7620400 7195314 4697889 4741331 25913034 25976707 38994240 38670184 -450042 -545209 1058924 X false true X true true true X 4697889 43442 303 4741331 4671332 26557 2185 4697889 4653194 18138 4671332 4534166 119028 4653194 4477045 57121 4534166 false false 3204025 3204025 40852590 21168151 19684439 474995 474995 12255938 10118430 2137508 6069023 2566740 3502283 29003250 STUDENT ACTIVITIES 1048773 FAIR VALUE IN INTEREST RATE SWAPS 39981 1088754 X 51301010 -545209 1058924 513715 50787295 50787295 51237337 51237337 51237337 SCHEDULE D, PAGE 3, PART X THE COLLEGE QUALIFIES AS A TAX-EXEMPT ORGANIZATION UNDER SECTION 501(C) (3) OF THE INTERNAL REVENUE CODE; ACCORDINGLY, NO PROVISION FOR INCOME TAXES HAS BEEN MADE IN THE FINANCIAL STATEMENTS. ALTHOUGH THE COLLEGE IS NOT SUBJECT TO FEDERAL AND STATE INCOME TAXES, THE ENTITY WAS REQUIRED TO ADOPT ASC 740 "ACCOUNTING FOR INCOME TAXES", WHICH APPLIES TO ALL ENTITIES INCLUDING THOSE THAT ARE TAX EXEMPT UNDER 501(C) (3). ASC 740 CLARIFIES THE ACCOUNTING AND REPORTING FOR INCOME TAXES WHERE INTERPRETATION OF THE TAX LAW MAY BE UNCERTAIN. ASC 740 PRESCRIBES A COMPREHENSIVE MODEL FOR THE FINANCIAL STATEMENT RECOGNITION, MEASUREMENT, PRESENTATION AND DISCLOSURE OF INCOME TAX UNCERTAINTIES WITH RESPECT TO POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN TAX RETURNS. MANAGEMENT HAS REVIEWED ITS CURRENT AND PAST FEDERAL INCOME TAX POSITIONS AND HAS DETERMINED, BASED ON CLEAR AND UNAMBIGUOUS TAX LAW AND REGULATIONS, THAT THE TAX POSITIONS TAKEN ARE CERTAIN AND THAT THERE IS NO LIKELIHOOD THAT A MATERIAL TAX ASSESSMENT WOULD BE MADE IF THE RESPECTIVE GOVERNMENT AGENCY EXAMINED TAX RETURNS SUBJECT TO AUDIT. ACCORDINGLY, NO PROVISION FOR THE EFFECTS OF UNCERTAIN TAX POSITIONS HAS BEEN RECORDED. CURRENTLY, THE 2013, 2014, AND 2015 TAX YEARS ARE OPEN AND SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE. HOWEVER, THE ENTITY IS NOT CURRENTLY UNDER AUDIT NOR HAS THE COLLEGE BEEN CONTACTED BY THIS JURISDICTION. ANY INTEREST AND PENALTIES RELATED TO INCOME TAXES WOULD BE RECORDED AS INCOME TAX EXPENSE. THERE ARE NO INTEREST AND PENALTIES AS OF JUNE 30, 2016. SCHEDULE D, PAGE 4, PART XI, LINE 2D CHANGE IN INVESTMENT OF SCHWARTZ CENTER 1,060,088 CHANGE IN FAIR VALUE OF SWAP -1,164 true true true true true true true false false false false false false false false true false true SCHEDULE E, LINE 3 A NON-DISCRIMINATION POLICY STATEMENT IS INCLUDED IN EVERY STUDENT HANDOUT WHICH IS DISTRIBUTED TO ALL POTENTIAL STUDENTS SCHEDULE E, LINE 6 MONEY IS RECEIVED FROM THE DEPARTMENT OF EDUCATION AND AWARDED TO STUDENTS ACCORDING TO APPLICABLE FEDERAL GUIDELINES. X true true false false false false false false false false false CHRIS WOOD VP/INSTIT'L 149980 12193 162173 CHRISTINE GIBSON PHD VP OF FINANCE & CFO 149300 17729 944 167973 WILLIAM JOHNSTON PRESIDENT 263363 15590 1852 280805 FORM 990 - ORGANIZATION'S MISSION WESLEY COLLEGE IS A UNITED METHODIST INSTITUTION OF HIGHER EDUCATION THAT SEEKS TO BE AMONG THE FINEST STUDENT-CENTERED LEARNING COMMUNITIES IN THE LIBERAL ARTS TRADITION. CONSISTENT WITH OUR METHODIST HERITAGE, THE COLLEGE AFFIRMS MEANING AND PURPOSE IN LIFE THROUGH JUSTICE, COMPASSION, INCLUSION AND SOCIAL RESPONSIBILITY THAT ENHANCE COMMUNITY LIFE AND RESPECT FOR THE ENVIRONMENT. WESLEY COLLEGE EXISTS TO LIBERATE AND EMPOWER ITS STUDENTS WITH THE KNOWLEDGE, SKILLS, ETHICAL ATTITUDES AND CAPACITY FOR CRITICAL THINKING NEEDED TO ACHIEVE PERSONAL AND PROFESSIONAL GOALS AND TO CONTRIBUTE TO THE LOCAL AND GLOBAL SOCIETY. FORM 990, PAGE 6, PART VI, LINE 11B REVIEWED BY GOVERNING BOARD BEFORE FILING. FORM 990, PAGE 6, PART VI, LINE 12C CFO MONITORS ALL MATTERS RELATED TO CONFLICT OF INTEREST FORM 990, PAGE 6, PART VI, LINE 15A EXECUTIVE COMMITTEE CONDUCTS AN ANNUAL REVIEW AND ADJUST SALARIES ACCORDINGLY. FORM 990, PAGE 6, PART VI, LINE 15B CEO CONDUCTS AN ANNUAL PERFORMANCE REVIEW FOR ALL TOP LEVEL (KEY) EMPLOYEES. FORM 990, PAGE 6, PART VI, LINE 19 THE ORGANIZATIONS GOVERNING DOCUMENTS ARE ON RECORD WITH THE STATE OF DELAWARE, AND ARE AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9 CHANGE IN INVESTMENT OF SCHWARTZ CENTER 1,060,088 CHANGE IN FAIR VALUE OF SWAP -1,164 TOTAL 1,058,924