2016-03-11T13:19:15-06:00 2015-06-30 GRANT THORNTON LLP 8300 THORN DRIVE SUITE 300 WICHITA KS 672262708 990 2014-07-01 480547702 Friends University % MARSHA BEWERSDORF FRIE 3162955000 2100 W University Avenue Wichita KS 672133379 MARSHA BEWERSDORF VICE PRESIDENT, FINANCE 3162955679 2016-03-11 true Rebecca Zecha P00648970 3162653231 2014 2016-08-17 19:52:53Z Dr Amy Bragg Carey 2100 W University Avenue Wichita KS 672133379 57176285 false X www.friends.edu X 1898 KS FRIENDS UNIVERSITY, A CHRISTIAN UNIVERSITY OF QUAKER HERITAGE, EQUIPS STUDENTS TO HONOR GOD AND SERVE OTHERS. 19 18 1165 40 19996 18996 1032533 1078252 36973998 36057750 8681742 3611341 154774 46083 46843047 40793426 8818832 10082608 0 0 21379423 19403356 0 2500 927672 13962982 13226713 44161237 42715177 2681810 -1921751 126222000 116983000 20504000 17365000 105718000 99618000 X FRIENDS UNIVERSITY, A CHRISTIAN UNIVERSITY OF QUAKER HERITAGE, EQUIPS STUDENTS TO HONOR GOD AND SERVE OTHERS BY INTEGRATING THEIR INTELLECTUAL, SPIRITUAL AND PROFESSIONAL LIVES. false false 7234073 4969973 THE COLLEGE OF ADULT AND PROFESSIONAL STUDIES PROVIDES UNDERGRADUATE PROGRAMS DESIGNED FOR BUSY ADULTS. THE COLLEGE IS COMMITTED TO PROVIDING ACADEMIC EXCELLENCE FOR A DIVERSE COMMUNITY OF LIFELONG LEARNERS. UNDERGRADUATE STUDIES ARE ADMITTED BASED ON THEIR POTENTIAL FOR ACHEIVING ACADEMIC SUCCESS. 9326712 34428 6888518 THE MISSION OF THE GRADUATE COLLEGE IS TO PROVIDE A HIGH-QUALITY LEARNING ENVIRONMENT FOR STUDENTS SEEKING PROFESSIONAL GRADUATE EDUCATION. WITH PROGRAMS OFFERED AT THE MAIN WICHITA CAMPUS, ONLINE, AND AT TWO EDUCATION CENTERS (OVERLAND PARK AND TOPEKA). 21607781 10048180 24199259 THE COLLEGE OF BUSINESS, ARTS, SCIENCES AND EDUCATION IS THE TRADITIONAL UNDERGRADUATE LIBERAL ARTS COLLEGE. STUDENTS RECEIVE A BROAD-BASED EDUCATION AND ARE GIVEN OPPORTUNITIES TO APPLY THEIR EDUCATION AND INTEGRATE THEIR EDUCATION BEYOND THE CLASSROOM THROUGH INTERNSHIPS, RESEARCH PROJECTS, STUDY ABROAD, PARTICIPATION IN ATHLETICS OR PERFORMING ARTS AND IN STUDENT ORGANIZATIONS. 67524 38236090 true true false false false false false true false true true false false true true true true false true false false false false false true false false false true true true false false false false false false true false false false false false false false false false false false false true X 93 0 true 1165 true true true false CJ false false false true true false false false false X 19 18 false false false false false false false true true false true true true true true true false true true true false X MARSHA BEWERSDORF 3162955679 2100 W UNIVERSITY AVENUE WICHITA KS 672133379 X John Lewis Chair 10.0 0.0 X X 0 0 0 Denis Knight Vice Chair 5.0 0.0 X X 0 0 0 Craig Bay Treasurer 5.0 0.0 X X 0 0 0 Duane Hansen Secretary 5.0 0.0 X X 0 0 0 Michael Bankston Trustee 1.0 0.0 X 0 0 0 Marilyn Brown Trustee 1.0 0.0 X 0 0 0 Kim Dugger Attwater Trustee 1.0 0.0 X 0 0 0 Dave Depew Trustee 1.0 0.0 X 0 0 0 Ardith Dunn Trustee 1.0 0.0 X 0 0 0 Lynn Ghormley Trustee 1.0 0.0 X 0 0 0 Leatha Hein Trustee 1.0 0.0 X 0 0 0 Kevin Henderson Trustee 1.0 0.0 X 0 0 0 Kevin Hoppock Trustee 1.0 0.0 X 0 0 0 Jace Hyder Trustee 1.0 0.0 X 0 0 0 Kelly Linnens Trustee 1.0 0.0 X 0 0 0 Paul Moore Trustee 1.0 0.0 X 0 0 0 Jana Mullen Trustee 1.0 0.0 X 0 0 0 Ed Roberts Trustee 1.0 0.0 X 0 0 0 Darcy Zabel Interim President 45.0 0.0 X X 188785 0 16388 Heidi Hoskinson V.P., Academic Affairs 45.0 0.0 X 121834 0 25502 Randy Doerksen V.P., Admin. & Finance 45.0 0.0 X 124011 0 67087 Carole Obermeyer V.P., Student Affairs 45.0 0.0 X 135711 0 20024 Teresa Muirhead V.P.,Institutional Advancement 45.0 0.0 X 140210 0 12025 Kelley Williams V.P., HR. & Administration 45.0 0.0 X 126889 0 46762 David Hofmeister Dean, Adult & Graduate Studies 45.0 0.0 X 116488 0 25479 Dan Lord Prf. Marriage & Family Therapy 45.0 0.0 X 112997 0 11263 TJ Arant President Term - 3/2014 0.0 0.0 X 209613 0 7083 1276538 0 231613 9 true true false Sodexo PO Box 70060 CHICAGO IL 60673 Food Service Mgmt 888303 Armstrong Chamberlin PO Box 16719 WICHITA KS 67216 Advertising 590205 Follett Higher Education Group 3146 Solutions Center CHICAGO IL 60677 Bookstore Mgmt 267921 Strata Information Group 3935 Harney St Ste 203 SAN DIEGO CA 92110 Database Mgmt 194130 The Learning House 427 S 4th St Ste 300 LOUISVILLE KY 40202 Learning Mgmt System 384038 5 63523 146936 867793 1078252 TUITION & FEES 611600 32946119 32946119 AUXILIARY 611710 2834344 2834344 SALES & SERVICES 900099 238011 238011 INVESTMENT INCOME - PROGRAM RELATED 900099 7188 7188 OTHER PROGRAM SERVICE REVENUE 900099 32088 32088 36057750 3455284 3455284 0 39057 39057 65678 92613 -26935 0 -26935 19996 -46931 16402000 19713 16263632 2024 138368 17689 156057 156057 63523 24590 -24590 0 0 CHANNEL LEASE REVENUE 900099 32000 32000 VENDING REVENUE 900099 26551 26551 58551 40793426 36057750 19996 3662018 0 10082608 10082608 0 0 1152938 221413 795008 136517 0 14296061 13227227 663243 405591 647815 544721 67064 36030 2057748 1799670 176964 81114 1248794 1121622 82796 44376 0 157903 154510 3393 67586 67586 0 2500 2500 38634 38634 1509303 1354498 99874 54931 826680 779379 17416 29885 997635 888467 26865 82303 375157 295150 79855 152 0 2759206 2759206 693664 649402 18143 26119 0 50675 43982 4139 2554 397819 14027 383792 0 2246518 2021866 224652 369415 193909 175506 STUDENT BOARD PLAN 777626 777626 PUBLICATIONS & SUBSCRIPTIONS 224356 220152 2827 1377 DUES 204213 140160 61349 2704 ITEMS FOR RE-SALE 156942 156942 1373381 944063 411192 18126 42715177 38236090 3551415 927672 4874 1325 25690126 12413675 0 0 5320000 4606000 0 0 0 0 0 0 0 0 0 0 81880928 32485928 51436000 49395000 35021000 42019000 43000 53000 0 0 0 0 8707000 8495000 126222000 116983000 2225000 1532000 0 0 1929000 1088000 13490000 12055000 0 0 0 0 0 0 0 0 2860000 2690000 20504000 17365000 X 62303000 58679000 6784000 4412000 36631000 36527000 105718000 99618000 126222000 116983000 X -1921751 -4178597 348 X false true X true true true X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 329000 X X false 48217000 217000 -732000 1866264 70736 45765000 44688000 214000 5264000 1877340 71660 48217000 40294000 2078000 4255000 1867100 71900 44688000 41686000 1909000 -1310000 1221000 770000 40294000 38141000 269000 5306000 1204000 826000 41686000 0.28006 0.64890 0.07104 false false 2303696 2303696 59271839 17867619 41404220 14721833 10815503 3906330 5583560 3802806 1780754 49395000 CASH SURRENDER VALUE LIFE INS. 314000 FUNDS HELD BY TRUSTEE 500000 ART 329000 OTHER ASSETS 346000 INTEREST IN PERPETUAL TRUST 6103000 MINERAL INTERESTS 903000 8495000 0 ANNUITIES PAYABLE 157000 FED. PORTION PERKINS FUND DEP. 2082000 OTHER LIABILITIES 451000 2690000 X 26392000 -4178597 -10082608 -14261205 40653205 257163 -116942 140221 40793426 32492000 117202 117202 32374798 257163 10083216 10340379 42715177 Description of Organization's Collections Schedule D, Part III, Line 4 THE BLOOMFIELD ART COLLECTION WAS GIFTED TO THE UNIVERSITY MANY YEARS AGO. THE SMALL EXHIBIT CONSISTS OF 15TH AND 16TH CENTURY ART. IT IS NOT REFLECTED ON THE FINANCIAL STATEMENTS AS A COLLECTION BECAUSE IT IS CONSIDERED IMMATERIAL. THIS ART COLLECTION IS REFLECTED IN THE PLANT FUND OTHER ASSETS, VALUE OF $329,000. PIECES FROM THE COLLECTION ARE PERIODICALLY DISPLAYED IN THE RINEY FINE ARTS BUILDING ART GALLERY/LOBBY. Intended Uses of Endowment Funds Schedule D, Part V, Line 4 ENDOWMENT FUNDS ARE USED TO UNDERWRITE STUDENT SCHOLARSHIPS AND INSTITUTIONAL OPERATIONS, AS DESIGNATED BY DONORS. FIN 48 (ASC 740) FOOTNOTE Schedule D, Part X, Line 2 The University is exempt from income taxes under Section 501(c)(3) of the Internal Revenue Code and a similar provision of state law. The University annually evaluates tax positions taken with regard to unrelated business income, related deductions applied, or other activities that may jeopardize its tax exempt status and thus would meet the definition of an uncertain tax position. The University recognizes the financial statement benefit of a tax position only after determining the relevant tax authority would more likely than not sustain the position following an audit. The University has concluded that there are no uncertain tax positions taken that would require recognition of a liability or disclosure in the financial statements. The University is generally no longer subject to U.S. federal and state income tax examinations by taxing authorities for fiscal years before 2012. Reconciliation of Revenue Schedule D, Part XI, Line 2d Scholarships $(10,082,608) Schedule D, Part XI, Line 4b Rental Expense $ ( 92,612) Fundraising Expense ( 24,590) Rounding 260 --------- $ (116,492) Reconciliation of Expenses Schedule D, PART XII, LINE 2D Rental Expense $ 92,612 Fundraising Expense 24,590 -------- $ 117,202 Schedule D, Part XII, Line 4b Scholarships $10,082,608 Rounding 608 ---------- $10,083,216 true true true true true true true false false false false false false false false true false true Publication of Racially Nondiscriminatory Policy Schedule E, Part I, Line 3 The University's nondiscrimination statement appears on all print advertisements, including newspaper, magazine ads, chamber ads and directories, direct mail, brochures, collateral, flyers, landing pages, and email advertising. The nondiscrimination statement reads, "Friends University does not discriminate against academically qualified students on the basis of race, color, national or ethnic origin, sex, disability or age in its program activities." The nondiscrimination statement is not expressly stated on our radio ads, billboards, or website banner ads. Government Assistance Schedule E, Part I, Line 6a Friends University receives pass-through financial aid from Pell, SEOG, Perkins, and direct lending. This aid is received and disbursed to the student account to defer tuition, fees, housing, and other charges. Excess aid is refunded to the student. Telethon 63523 63523 24590 0 63523 63523 24590 24590 -24590 true Academic Scholarships 824 4735500 Athletic Scholarships 435 1795475 Institutional Endowed Scholarships 103 188325 INSTITUTIONAL FINE ARTS SCHOLARSHIPS 284 786515 INSTITUTIONAL GRANTS 196 396156 INSTITUTIONAL RESTRICTED SCHOLARSHIPS 54 80990 OTHER INSTITUTIONAL SCHOLARSHIPS/WAIVERS 395 2065219 Procedure for Monitoring Use of Grant Funds Inside U.S. Schedule I, Part I, Line 2 THE USe OF GRANT FUNDS IS MONITORED THROUGH THE PRACTICE OF DIRECTLY APPLYING SCHOLARSHIP FUNDS TO THE STUDENT ACCOUNT AT THE UNIVERSITY TO OFFSET TUITION AND FEES. X X X true true X X X X X X false false false false false false false false false TJ Arant President Term - 3/2014 209375 0 0 0 238 0 3369 0 3714 0 216696 0 0 0 Darcy Zabel Interim President 188169 0 0 0 616 0 1500 0 14888 0 205173 0 0 0 Randy Doerksen V.P., Admin. & Finance 123294 0 0 0 717 0 8173 0 58914 0 191098 0 0 0 Carole Obermeyer V.P., Student Affairs 134568 0 0 0 1143 0 9531 0 10493 0 155735 0 0 0 Teresa Muirhead V.P.,Institutional Advancement 139624 0 0 0 586 0 4500 0 7525 0 152235 0 0 0 Kelley Williams V.P., HR. & Administration 126225 0 0 0 664 0 9172 0 37590 0 173651 0 0 0 Housing allowance or residence for personal use Schedule J, Part I, Line 1a The University President is required by contract to live in a University-provided house adjacent to campus. The housing allowance benefit is not considered taxable to the president. Travel for companions Schedule J, Part I, Line 1a Companion travel is considered taxable if funded by the university and added to W-2 taxable wages accordingly. Health or social club dues or initiation fees Schedule J, Part I, Line 1a The University paid one club membership for the President; portions of use are considered taxable and reported as income on the President's Form W-2. A KANSAS INDEPENDENT COLLEGE FINANCE AUTHORITY 481233911 48526HWM4 2012-03-13 16040000 REFINANCE '02/'06/'09 BONDS false false false A 0 0 16040000 0 0 0 317623 0 106010627 0 0 0 2021 true false true true A false false false false 0.00000 0.00000 0.00000 false false false true A false false true false false false 0 false 0 false true A true 40525 REMISSION EDUCATION Delegation of Authority Form 990, Part VI, Line 1A The University's bylaws establish an Executive Committee consisting of seven members, including the Chair, Vice Chair, Secretary, and Treasurer of the Board of Trustees, the President of the University, and two at-large trustees. The Executive Committee shall have authority to act for the Board of Trustees on all matters except for the following, which shall be reserved for the board: Presidential selection and termination; Board trustee and officer election; Changes in institutional mission and purposes; Changes to the Articles of Incorporation; Adoption of the annual budget; and Conferral of degrees. Form 990 Review Process Form 990, Part VI, Line 11b The review of the form 990 is the culmination of the year-end process. The form 990 is reviewed by administrative personnel for accuracy and completeness. The data is considered relative to prior year and current year financial statements. In addition, the audit/finance committee of the board review the Form 990 before filing with the IRS. The 990 is provided to the Full Board in paper copy at the February meeting each year, prior to filing with the IRS. Conflict of Interest Policy Monitoring & Enforcement Form 990, Part VI, Line 12c Conflict of Interest Forms are provided three times a year; one at each board meeting and one in the summer. A summary is compiled and sent via e-mail to the board chair for review at the next board meeting. The Compensation and Conflicts Committee identifies on, an annual basis, a list of persons having a conflict. In addition, all interested persons should report any conflict that arises in the interim. If a conflict arises, the person having the conflict shall leave the board or committee meeting while the matter is discussed and be prohibited from voting on the matter. If a board member were found to have a conflict of interest, the issue would be raised to the Board Chairman by the President. Should the conflict of interest require an Executive Committee or Board vote to resolve, those concerned shall not be present at the time of the vote. Process for Determining Compensation Form 990, Part VI, Lines 15a & 15b The compensation and conflicts committee is responsible for reviewing executive compensation and presidential expense accounts. The university annually participates in several nationally recognized compensation surveys with other colleges and universities. Pay for officers and key employees is in alignment with pay at other private universities of similar size and nature. How Documents are Made Available to the Public Form 990, Part VI, Line 19 The University does not make its governing documents, conflict of interest policy, or financial statements available to the public.