2016-05-16T13:17:20-07:00 2015-06-30 TD&T CPAs and Advisors PC 317 HIGH AVE E OSKALOOSA IA 525772823 990 2014-07-01 420707120 WILLIAM PENN UNIVERSITY WILL 6416731001 NORTH MARKET AND TRUEBLOOD AVENUE OSKALOOSA IA 52577 BONNIE JOHNSON CFO 2016-05-16 true Joseph B Ryan CPA P00769873 6416722523 2014 2016-08-17 19:52:53Z 39344791 false false X www.wmpenn.edu X 1873 IA William Penn University provides the opportunity for an educational experience with a focus on leadership, technology, and the Quaker principles of simplicity, peace-making, integrity, community and equality. 21 19 878 50 -154428 -136255 7278599 6167804 32347335 33006564 274181 121573 -140341 -150802 39759774 39145139 14633794 14952640 0 11780296 10869504 0 388877 13418475 13447468 39832565 39269612 -72791 -124473 66921122 77904586 46098798 56598784 20822324 21305802 X William Penn University provides the opportunity for an educational experience with a focus on leadership, technology, and the Quaker principles of simplicity, peace-making, integrity, community and equality. false false 14952640 14952640 SCHOLARSHIP PROGRAMS FOR SCHOLARSHIPS AND GRANTS TO 1,712 STUDENTS. 8924914 28761939 INSTRUCTION AND ACADEMIC SUPPORT PROVIDED TO 1,698 FULL AND PART-TIME STUDENTS. 7592557 321560 STUDENTS SERVICES, INCLUDING STUDENT DEVELOPMENT, ACADEMIC AND CAREER COUNCELING, INTERCOLLEGIATE ATHLETICS, FINANCIAL ASSISTANCE AND OTHER SERVICES, WAS PROVIDED TO 1,698 FULL AND PART TIME STUDENTS. 2800132 3923065 34270243 true true false true 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 true true false false false true true true false false false true 95 0 true 878 true true true false false false false true true false 0 false false false false false false false false false false X 21 19 true false false false false false false true true false false false true true true true true true true false X BONNIE JOHNSON 6416731001 NORTH MARKET AND TRUEBLOOD AVENUE OSKALOOSA IA 52577 RITA DAVIS Trustee 2.00 0.00 X 0 0 0 JOHN OTTOSSON President 40.00 0.00 X X 143319 0 14097 DAVID AHMAD Trustee 2.00 0.00 X 0 0 0 KAYE DELANGE Trustee 2.00 0.00 X 0 0 0 TOM FRANKS Trustee 2.00 0.00 X 0 0 0 ROGER LEBEL Trustee 2.00 0.00 X 0 0 0 REGINALD MARTIN Trustee 2.00 0.00 X 0 0 0 GREG HARRIS Trustee 2.00 0.00 X 0 0 0 ERIC JON NICHOLS Trustee 2.00 0.00 X 0 0 0 MARGARET STOLZFUS Trustee 2.00 0.00 X 0 0 0 ROBERT SCHULTZE Trustee 2.00 0.00 X 0 0 0 DAVID RIDGLEY Trustee 2.00 0.00 X 0 0 0 CHRIS HYLAND Trustee 2.00 0.00 X 0 0 0 JOE P CROOKHAM VICE CHAIRMAN 2.00 0.00 X X 0 0 0 GUY VANDER LINDEN Trustee 2.00 0.00 X 0 0 0 SAMUEL H RITCHIE Trustee 2.00 0.00 X 0 0 0 BERRY JOHNSON Trustee 2.00 0.00 X 0 0 0 RUTH NEUBERT Trustee 2.00 0.00 X 0 0 0 JON WOODS Trustee 2.00 0.00 X 0 0 0 JERRY N ELLIS Chairman 2.00 0.00 X X 0 0 0 TOM SHOWALTER Trustee 2.00 0.00 X 0 0 0 GREG HAFNER VP OF ATHLETICS 40.00 0.00 X 79546 0 8669 BONNIE L JOHNSON VP OF FINANCE 40.00 0.00 X 109100 0 16441 NOEL STAHLE VP OF ACADEMICS 40.00 0.00 X 101363 0 12212 ANGELLA DURIAN-GAMBELL Secretary 40.00 0.00 X 33402 0 13572 JARED PEARCE DIR. OF ASSESS. 40.00 0.00 X 76183 0 15589 LINDA PARKER Vice President 40.00 0.00 X 42469 0 9518 MARSHA RIORDAN Vice President 40.00 0.00 X 64487 0 12031 CARLY SCHMALZ SGA REP 2.00 0.00 X 0 0 0 GLENN STEIMLING FACULTY REP 40.00 0.00 X 0 0 0 KERRA STRONG Vice President 40.00 0.00 X 62003 0 8096 MIKE FOSTER DIR. OF IS 40.00 0.00 X 80291 0 15711 MIKE LAIRD BASEBALL COACH 40.00 0.00 X 89964 0 15919 TODD HAFNER FTBALL COACH 40.00 0.00 X 99655 0 10658 981782 152513 3 false true false MAHASKA COMMUNICATIONS GROUP PO BOX 1038 OSKALOOSA IA 52577 MEDIA SERVICES 157489 JENZABAR PO BOX 845939 boston MA 022845939 SOFTWARE MAINTENANCE 194490 SODEXO SERVICES 4880 PAYSPHERE CIRCLE CHICAGO IL 60674 FOOD SERVICE 1668837 THREE RIVERS SYSTEMS INC 174 CLARSON RD SUITE 200 ELLISVILLE MO 63011 SOFTWARE 455275 4 28367 211859 324656 5602922 301535 6167804 BOARD 722210 1896966 1896966 BOOKS AND OTHER SUPPLIES 451211 387777 387777 OTHER PROGRAM INCOME 611710 321560 321560 ROOM 721310 1638322 1638322 STUDENT TUITION AND FEES 611310 28761939 28761939 33006564 120439 120439 0 0 38773 183811 -145038 -145038 -154428 9390 1134 1134 1134 1134 9692 28367 15841 -6149 -6149 385 385 385 0 0 39145139 28761939 -154428 4369824 0 14952640 14952640 0 0 985405 454645 451192 79568 0 7947502 7175130 669544 102828 141122 129004 10688 1430 1174496 1058555 100383 15558 620979 534260 74638 12081 0 20930 20930 79152 79152 0 0 0 2406357 842172 1564185 75313 7971 66499 843 0 0 0 1535070 1445587 74425 15058 490456 434852 29648 25956 0 0 2241191 2148686 70094 22411 0 1265754 1215123 37973 12658 395091 395091 FOOD SERVICE CONTRACT 1522964 1522964 SUPPLIES 844695 634191 170424 40080 CONTRACT SERVICES 826185 77527 728125 20533 RENTS 545545 545545 1198765 696300 462592 39873 39269612 34270243 4610492 388877 981845 916186 0 1629600 770358 786493 942823 0 0 2547263 2992897 0 1369362 1315773 76067675 24494929 40065991 51572746 534033 561970 410000 410000 0 0 18596535 18421833 66921122 77904586 3691898 3764088 602708 685287 32429698 31955453 7844222 18636245 24200 24200 1506072 1533511 46098798 56598784 X 3229057 3882573 10238295 9958436 7354972 7464793 20822324 21305802 66921122 77904586 -124473 607951 X false true X true true true X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false false false false false false false true 3202 false false false 3202 false false Part II-B, Line 1i - Other Activities Description AS PART OF THE ORGANIZATIONS DUES PAID TO THE IOWA ASSOCIATION OF INDEPENDENT COLLEGES & UNIVERSITIES (IAICU), A PORTION IS RESERVED FOR LOBBYING EXPENSES. THE (IAICU) WORKS ON BEHALF OF ITS MEMBERS TO INFORM POLICY MAKERS AT THE STATE AND FEDERAL LEVEL ABOUT THE CRITICAL ROLE OF ITS MEMBER INSTITUTIONS AS PART OF THE ENTIRE POST-SECONDARY EDUCATIONAL SECTOR. 3043375 X X X false 6105023 105174 438077 258456 6389818 6054403 51496 314311 315187 6105023 5959108 228435 212149 345289 6054403 6217613 94192 -39929 312768 5959108 5906333 47159 557382 293261 6217613 1.00000 false false false 2533955 1242751 3776706 56730582 11607395 45123187 15560387 12887534 2672853 51572746 BENEFICIAL INTEREST IN PERPETUAL TR 6327233 COLLECTIBLES 3043375 CONSTRUCTION IN PROCESS 4330634 LIBRARY BOOKS 648681 REMAINDER INTEREST TRUSTS 1531177 18421833 US GOVERNMENT GRANTS REFUNDABLE 1533511 1533511 X 24985092 607951 212498 199652 1020101 23964991 15180148 15180148 39145139 24501614 212498 199652 412150 24089464 15180148 15180148 39269612 Part III, Line 4: Description of organization's collections and how it furthers its purpose. THE UNIVERSITY MAINTAINS A COLLECTION OF MIDDLE EAST ARTIFACTS AND A REPLICA OF THE JING YUNG BELL FOR PURPOSES OF PUBLIC EXHIBIT AND SCHOLARLY RESEARCH. Part V, Line 4: Intended uses of the endowment fund. ENDOWMENT FUNDS CONSIST OF APPROXIMATELY 108 INDIVIDUAL FUNDS ESTABLISHED FOR SCHOLARSHIPS, GRANTS AND UNRESTRICTED PURPOSES FOR THE UNIVERSITY. ONLY REVENUE EARNED BY THE PORTFOLIO OF INVESTMENTS CAN BE USED FOR THE INTENDED PURPOSE. Part X : FIN48 Footnote The University has a tax determination letter from the Internal Revenue Service stating it qualifies under the provision of Section 501(c)(3) of the Internal Revenue Code and is exempt from federal income taxes. As such, the University is subject to federal income taxes only on any net unrelated business income under the provisions of Section 511 of the Internal Revenue Code. The University follows the accounting standards for contingencies in evaluating uncertain tax positions. This guidance prescribes recognition threshold principles for the financial statement recognition of tax positions taken or expected to be taken on a tax return that are not certain to be realized. No liability has been recognized by the University for uncertain tax positions as of June 30, 2015 and 2014. The University is subject to routine audits by taxing jurisdictions; however, there are currently no audits for any tax periods in progress. The University believes it is no longer subject to income tax examinations for years ended prior to June 30, 2012. Part XI, Line 2d: Other revenue amounts included in F/S but not included on form 990 GROUPING DIFFERENCES $0 SPECIAL EVENT EXPENSES $15841 RENTAL EXPENSES $183811 Part XI, Line 4b: Other revenue amounts included on 990 but not included in F/S SCHOLARSHIPS AND GRANTS $14952640 GROUPING DIFFERENCES $227508 Part XII, Line 2d: Other expenses and losses per audited F/S SPECIAL EVENT EXPENSES $15841 RENTAL EXPENSES $183811 grouping differences $0 Part XII, Line 4b: Other revenue amounts included on 990 but not included in F/S SCHOLARSHIPS AND GRANTS $14952640 GROUPING DIFFERENCES $227508 true true true true true true true false false false false false false false false true false true Schedule E, Line 6 - Explanation of Aid or Assistance from Governmental Agency We receive Pell and SEOG grants from the federal government. The pell grant is awarded to individual students based on need which is defined by the federal government through the FASFA application. SEOG is awarded by the institution based on need which is derived from the FASFA application.We also receive Direct subsidized and unsubsidized and plus loans which are direct loans between students and the government. These are awarded to students and are disbursed after an application process between the student and the government.We also receive an Iowa Tuition Grant from the State of Iowa which is awarded to individual students based on need.We also received vocational rehab grants and VA benefits which are awarded to specific students based on criteria from those organizations. Schedule E, Line 3 - Racially Nondiscriminatory Policy Publicized NONDISCRIMINATION POLICY NOTED IN ALL PUBLIC ADVERTISING, UNIVERSITY CATALOGS AND FINANCIAL AID LITERATURE Schedule E, Line 4 - Explanation of Records and Materials Not Maintained Schedule E, Line 5 - Explanation of Organization Discrimination by Race false GALA 23192 15967 7225 1727 6141 3188 383 GOLF TOURNAMENT 14867 12400 2467 3000 1402 38059 28367 9692 1727 6141 3000 4590 383 15841 -6149 true 0 0 INSTITUTION SCHOLARSHIPS AND GRANTS 1712 14392326 CASH FEDERAL SEOG 945 560314 CASH Grantmaker's Description of How Grants are Used 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 false JOHN OTTOSSON President 143319 2958 11139 157416 Part I, Line 1a: Relevant information in regards to selections on 1a. A IOWA HIGHER EDUCATION LOAN AUTHORITY 421235696 462460TX4 2005-05-19 6535655 see part vi false false false B IOWA HIGHER EDUCATION LOAN AUTHORITY 421235696 2009-10-02 1150000 CONSTRUCTION OF FACILITIES false false false A 6567731 530662 19315 130391 388409 5498955 2006 true false true true B 30000 1166030 98467 20772 20002 1026788 2008 false false true true A false false false false true B false false false false true A false false true true false false false true B false false true true false false false true A false B false Part VI Schedule K, Part IV, Arbitrage, Line 2c:(a) Issuer Name: Iowa Higher Education Loan Authority DATE THE REBATE COMPUTATION WAS PERFORMED: 04/30/2015(a) Issuer Name: Iowa Higher Education Loan Authority Date the rebate computation was performed: 09/30/2014SCHEDULE K, PART I, LINE B, COLUMN (F):CONSTRUCT & IMPROVE FACILITY & REFUND PRIOR BONDS - 06/27/91, 07/17/96, 07/27/00SCHEDULE K, PART II, LINE 3:THE TOTAL PROCEEDS DO NOT AGREE TO THE ISSUE PRICE IN PART I, COLUMN (E) DUE TO INVESTMENT EARNINGS. 23480 NONCASH TUITION BENEFIT Mahaska Comm Group MCG See Part V 157489 Phone Internet Cable false Schedule L, Part V Supplemental Information Additional Information for:Schedule L, Part IV, Line (1), Column (b):MAHASKA COMMUNICATION GROUP (MCG) is a wholly owned subsidiary of Musco Corporation. Joe CROOKHAM, BOARD OFFICER, and his immediate family are THE majority shareholders of Musco CorpORATION. Joe CROOKHAM is also President and CEO of both entities. X CAPITAL IMPROVEMENTS 1 218316 FAIR VALUE X CAPITAL IMPROVEMENTS 1 57796 FAIR VALUE X MISCELLANEOUS 120 25423 FAIR VALUE false true false Form 990, Part III, Line 4d: Other Program Services Description OTHER PROGRAM SERVICES 4: COST OF SALES, SUPPORT AND MAINTENANCE OF CAMPUS BOOKSTORE FOR STUDENTS, FACULTY AND STAFF. OTHER PROGRAM SERVICES 5: SCHOLARSHIP PROGRAMS FOR SCHOLARSHIPS AND GRANTS TO 1,712 STUDENTS. OTHER PROGRAM SERVICES 6: STUDENTS SERVICES, INCLUDING STUDENT DEVELOPMENT, ACADEMIC AND CAREER COUNCELING, INTERCOLLEGIATE ATHLETICS, FINANCIAL ASSISTANCE AND OTHER SERVICES, WAS PROVIDED TO 1,698 FULL AND PART TIME STUDENTS. Form 990, Part VI, Line 2: Description of Business or Family Relationship of Officers, Directors, Et 2 CURRENT TRUSTEES ARE EMPLOYED BY THE SAME COMPANY. Form 990, Part VI, Line 11b: Form 990 Review Process COPY OF FORM 990 WAS REVIEWED BY THE FINANCE COMMITTEE. Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts Every board member, administrator, or person who has control over a budget, completes a conflict of interest form. They are reviewed by the Finance Committee of the Board of Directors. Form 990, Part VI, Line 15a: Compensation Review & Approval Process - CEO, Top Management THE ORGANIZATION USED COMPARABLE DATA TO DETERMINE THE AMOUNT OF EXECUTIVE COMPENSATION FOR THE PRESIDENT AND OTHER OFFICERS AND TOP MANAGEMENT. Form 990, Part VI, Line 15b: Compensation Review and Approval Process for Officers and Key Employees THE ORGANIZATION USED COMPARABLE DATA TO DETERMINE THE AMOUNT OF EXECUTIVE COMPENSATION FOR THE PRESIDENT AND OTHER OFFICERS AND TOP MANAGEMENT. Form 990, Part VI, Line 19: Other Organization Documents Publicly Available Articles of incorporation and by-laws are available upon request to the business office of the organization. FORM 990, PART VI, SECTION B, LINE 16 THE ORGANIZATION CURRENTLY HAS AN AGREEMENT WITH A FOR-PROFIT ENTITY REGARDING THE RECRUITMENT AND MARKETING OF A COLLEGE FOR WORKING ADULTS PROGRAM. THE CONTRACT WITH THE FOR-PROFIT ENTITY IS REVIEWED ANNUALLY AND THE ARRANGEMENT IS MONITORED DAILY TO SAFEGUARD THE ORGANIZATIONS TAX-EXEMPT STATUS. WPU REAL ESTATE FOUNDATION LLC 201 TRUEBLOOD AVENUE OSKALOOSA IA 52577 474400135 REAL ESTATE HOLDING COMPANY IA WILLIAM PENN UNIVERSITY BLANCHE JOHNSON TRUST 124 SOUTH FIRST STREET OSKALOOSA IA 52577 426613277 RENTAL REAL ESTATE IA 501C3 11D N/A false MAHASKA BOWLING & RECREATION INC 201 TRUEBLOOD AVE OSKALOOSA IA 52577 421442162 BOWLING IA WILLIAM PENN UNIVERS C CORP 90037 118882 1.00000 true false false true false false false false false false false false false false false false false false false false BLANCHE JOHNSON TRUST c 211859 FAIR VALUE