2015-11-12T14:38:25-06:00 2015-06-30 BKD LLP 200 E Main St Suite 700 Fort Wayne IN 46802 990 2014-07-01 350885591 INDIANA WESLEYAN UNIVERSITY % NANCY SCHOONMAKER INDI 7656772947 4201 S WASHINGTON STREET MARION IN 46953 NANCY SCHOONMAKER CFO 7656772947 2016-05-15 true Joyce A Dulworth P00151125 2604604000 2014 2016-02-25 16:41:14Z NANCY SCHOONMAKER 4201 S WASHINGTON STREET MARION IN 46953 242647101 false X WWW.INDWES.EDU X 1920 IN INDIANA WESLEYAN UNIVERSITY IS A CHRIST- CENTERED ACADEMIC COMMUNITY COMMITTED TO CHANGING THE WORLD BY DEVELOPING STUDENTS IN CHARACTER, SCHOLARSHIP, AND LEADERSHIP. 27 22 4968 35 2379604 2235214 20780735 11327050 201348749 210636305 3737130 4193873 313389 2611940 226180003 228769168 29189285 28421969 0 0 95072369 97283563 0 0 1763616 81073509 91416317 205335163 217121849 20844840 11647319 470903483 478442166 56324079 55460604 414579404 422981562 INDIANA WESLEYAN UNIVERSITY'S PURPOSE IS TO SEARCH FOR TRUTH, BY STUDY IN LIBERAL ARTS AND IN PROFESSIONAL EDUCATION WITHIN THE FRAMEWORK OF CHRISTIAN FAITH AND PHILOSOPHY SO THAT THE PERSON IS DEVELOPED FOR SERVICE TO GOD AND MAN IN THE CHURCH AND IN SOCIETY. false false 197722059 28421969 213117345 INSTRUCTION: THIS PROGRAM ENCOMPASSES A WIDE RANGE OF INSTRUCTIONS IN LIBERAL ARTS CURRICULUM, AS WELL AS PROVIDING TEXTBOOK DISTRIBUTION AND RESIDENTIAL DINING SERVICES FOR STUDENTS. BOOKSTORE: THIS PROGRAM SERVICE PROVIDES TEXTBOOK DISTRIBUTION FOR STUDENTS. FOOD SERVICE: THIS PROGRAM SERVICE PROVIDES STUDENTS RESIDENTIAL DINING SERVICES. 197722059 true true false false false false false false false true true false false false true false false true true true true true true false true false false true true true true false false false false false false true false true true true false false false true true true true false false true 285 0 true 4968 true true true false false false false false true 5 false false false false X 27 22 false false true false false false false true true false false true true true true true true true true false IN X NANCY SCHOONMAKER 7656772947 4201 S WASHINGTON STREET MARION IN 46953 DAVID WRIGHT UNIVERSITY PRESIDENT 40.0 0.0 X X 242987 0 82264 PAUL ANTHES TRUSTEE 1.0 0.0 X 0 0 0 DANIEL BICKEL TRUSTEE 1.0 0.0 X 0 0 0 DAVID BOYLE TRUSTEE 1.0 0.0 X 0 0 0 JOHN BRAY TRUSTEE 1.0 0.0 X 0 0 0 DON CADY TRUSTEE 1.0 0.0 X 0 0 0 MICHAEL CARMICHAEL TRUSTEE 1.0 0.0 X 0 0 0 CHRISTOPHER CONRAD TRUSTEE 1.0 0.0 X 0 0 0 STEVE DENEFF TRUSTEE 1.0 0.0 X 0 0 0 DAVID DIMMICH-STARTED 3115 TRUSTEE 1.0 0.0 X 0 0 0 MARK ECKART TRUSTEE 1.0 0.0 X 0 0 0 STEVE EDMONDSON-STARTED 3115 TRUSTEE 1.0 0.0 X 0 0 0 STEVEN EMERY-LEFT 63015 TRUSTEE 1.0 0.0 X 0 0 0 MALCOLM EVANS-LEFT 63015 TRUSTEE 1.0 0.0 X 0 0 0 JEFF FREEMAN TRUSTEE 1.0 0.0 X 0 0 0 BARRY HINES TRUSTEE 1.0 0.0 X 0 0 0 KAREN HOLLENBECK TRUSTEE 1.0 0.0 X 0 0 0 MARK MEEKS TRUSTEE 1.0 0.0 X 0 0 0 KEVIN MYERS TRUSTEE 1.0 0.0 X 0 0 0 DONALD OTT TRUSTEE 1.0 0.0 X 0 0 0 GARY OTT TRUSTEE 1.0 0.0 X 0 0 0 PETRA RAY TRUSTEE 1.0 0.0 X 0 0 0 THOMAS SCHMIDT TRUSTEE 1.0 0.0 X 0 0 0 CARL SHEPHERD TRUSTEE 1.0 0.0 X 0 0 0 DALE SLOAN TRUSTEE 1.0 0.0 X 0 0 0 EVRETT SMITH TRUSTEE 1.0 0.0 X 0 0 0 ARON WILLIS TRUSTEE 1.0 0.0 X 0 0 0 NANCY SCHOONMAKER CFO/VP OF BUSINESS AFFAIRS 40.0 0.0 X 106525 0 51603 AUDREY HAHN CEO/NON-REIDENTIAL CAMPUS 40.0 0.0 X 151714 0 23985 HENRY SMITH CHANCELLOR 20.0 0.0 X 181632 0 33570 DUANE KILTY ASSOC PROF & ASST TO PRESIDENT 40.0 0.0 X 174527 0 30263 SCOTT MCPHEE-LEFT 4315 DEAN-SCHOOL OF HEALTH SCIENCE 40.0 0.0 X 150978 0 21752 DONALD SPROWL-STARTED 31514 EXEC VP ACADEMIC AFFAIRS 40.0 0.0 X 138725 0 30505 J KEITH NEWMAN CEO/RESIDENTIAL CAMPUS 40.0 0.0 X 141644 0 37466 1288732 0 311408 38 false true false HELIX EDUCATION GROUP 175 S WEST TEMPLE ST 700 SALT LAKE CITY UT 84101 ACCOUNTING/MARKETING 16751700 NCS PEARSON INC 21866 NETWORK PL CHICAGO IL 60673 LEARNING MANAGEMENT 5460950 PIONEER COLLEGE CATERERS 303 GLENROSE AVENUE NASHVILLE TN 37210 FOOD SERVICE 4481391 PLATTFORM ADVERTISING PO BOX 841142 DALLAS TX 75284 ADVERTISING 3664128 WEIGAND CONSTRUCTION CO 7808 HONEYWELL DR FORT WAYNE IN 46825 CONSTRUCTION 2007529 82 77034 2499226 1177960 7572830 248853 11327050 TUITION AND FEES 900099 177781334 177781334 BOOKSTORE 451211 10110978 10110978 FOOD SERVICE 721310 9158472 9158472 RESIDENCE HALLS 721310 8937357 8937357 CONFERENCES 900099 2206074 2206074 2442090 2442090 210636305 4213508 2399953 1813555 0 0 1026582 877977 148605 0 148605 148605 12910424 12930059 -19635 -19635 -20349 714 52192 77034 69897 -17705 -17705 0 0 ACQUISITION OF EXCELSIA COLLEGE 1236862 1236862 TRANSFER FROM WRC 1244178 1244178 2481040 228769168 213117345 2379604 1945169 126540 126540 28295429 28295429 0 0 1288731 1146971 128873 12887 0 69322867 61697351 6932287 693229 4516568 4019745 451657 45166 17454481 15534488 1745448 174545 4700916 4183815 470092 47009 0 435912 387962 43591 4359 1731970 1541453 173197 17320 0 0 0 364418 324332 36442 3644 15889540 14141691 1588954 158895 10129820 9015540 1012982 101298 6505818 5790178 650582 65058 7181500 6391535 718150 71815 0 5639458 5019117 563946 56395 1686849 1501296 168685 16868 0 527848 469785 52785 5278 0 0 11952745 10637943 1195275 119527 856506 762290 85651 8565 BOOKSTORE 8118983 8118983 FOOD SERVICE 4219186 4219186 PROFESSIONAL DEVELOPMENT 1510196 1344074 151020 15102 IWU HOLDINGS LLC 5456339 4856142 545634 54563 9209229 8196213 920923 92093 217121849 197722059 17636174 1763616 670802 903128 9010883 14633493 2323627 908743 9390053 8591804 0 0 0 0 11307165 11133312 798351 1559797 2242113 2118429 412880038 135143095 280639480 277736943 148182386 154853089 0 0 0 0 0 0 6338623 6003428 470903483 478442166 27124210 25106725 0 0 4154064 3504071 15000000 15000000 0 0 0 0 0 0 0 0 10045805 11849808 56324079 55460604 X 342236316 352739299 25768184 22509966 46574904 47732297 414579404 422981562 470903483 478442166 X 11647319 -1662782 64740 -1647119 X false true X true true true X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 138534804 10568354 264795 3382904 145985049 107315991 15959410 17624735 2365332 138534804 82256405 16266288 11232368 2439070 107315991 80370755 7068750 -2189531 2993569 82256405 55922001 13313576 13219374 2084206 80370745 0.57000 0.32000 0.11000 true false 23180457 23180457 309947159 81073714 228873445 52265076 37178824 15086252 27487346 16890557 10596789 277736943 0 REFUNDABLE DEPOSITS & SECURITY 2770884 ACCUMULATED POSTRETIREMENT BENFIT OBLIGATION 1573759 ANNUITY PAYMENT LIABILITY 2354912 FEDERAL ADVANCE FOR STUDENT LOANS 4497207 TRUST LIABILITIES 653046 11849808 199823570 -1662782 64740 947874 -650168 200473738 28295430 28295430 228769168 189774293 947874 947874 188826419 28295430 28295430 217121849 SCHEDULE D, PART V, LINE 4 THE UNIVERSITY'S ENDOWMENT CONSISTS OF APPROXIMATELY 300 INDIVIDUAL FUNDS ESTABLISHED FOR A VARIETY OF PURPOSES. THE ENDOWMENT INCLUDES BOTH DONOR-RESTRICTED ENDOWMENT FUNDS AND FUNDS DESIGNATED BY THE GOVERNING BODY TO FUNCTION AS ENDOWMENTS (BOARD-DESIGNATED ENDOWMENT FUNDS). AS REQUIRED BY ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA (GAAP), NET ASSETS ASSOCIATED WITH ENDOWMENT FUNDS, INCLUDING BOARD-DESIGNATED ENDOWMENT FUNDS, ARE CLASSIFIED AND REPORTED BASED ON THE EXISTENCE OR ABSENCE OF DONOR-IMPOSED RESTRICTIONS. ASC 740 FOOTNOTE MANAGEMENT HAS EVALUATED THEIR INCOME TAX POSITIONS UNDER THE GUIDANCE INCLUDED IN ASC 740. BASED ON THEIR REVIEW, MANAGEMENT HAS NOT IDENTIFIED ANY MATERIAL UNCERTAIN TAX POSITIONS TO BE RECORDED OR DISCLOSED IN THE FINANCIAL STATEMENTS. SCHEDULE D RECONCILIATION PART XI & XII LINE 2D RENTAL EXPENSE RECLASS $877,977 FUNDRAISING EXPENSE $ 69,897 TOTAL: $947,874 LINE 4B SCHOLARSHIPS $28,295,430 true true true true true true true false false false false false false false false true false true SCHEDULE E, PART I, QUESTION 3 THE NONDISCRIMINATION POLICY IS NOTED IN THE TRUSTEE BYLAWS, IN A BOARD APPROVED RESOLUTION, AND IN PROGRAM LITERATURE. QUESTION 6A INDIANA WESLEYAN UNIVERSITY PARTICIPATES IN STUDENT AID PROGRAMS PROVIDED BY THE FEDERAL GOVERNMENT. true East Asia and the Pacific 1 Program Services IWU HOLDINGS, LLC 5629635 Central America and the Caribbean Program Services INSTRUCTION 35099 East Asia and the Pacific Program Services INSTRUCTION 7494 SUB-SAHARAN AFRICA Program Services INSTRUCTION 216301 Europe (Including Iceland and Greenland) Program Services STUDENT FINANCIAL AID 45275 East Asia and the Pacific Program Services STUDENT FINANCIAL AID 8250 South America Program Services STUDENT FINANCIAL AID 4600 Middle East and North Africa Program Services STUDENT FINANCIAL AID 1000 SUB-SAHARAN AFRICA Program Services STUDENT FINANCIAL AID 6300 East Asia and the Pacific Program Services MISSION TRIP 88471 SUB-SAHARAN AFRICA Program Services MISSION TRIP 478 Central America and the Caribbean Program Services MISSION TRIP 3511 SUB-SAHARAN AFRICA Program Services ACADEMIC TRIP 1729 Europe (Including Iceland and Greenland) Program Services ACADEMIC TRIP 65403 Middle East and North Africa Program Services ACADEMIC TRIP 41125 South America Program Services ACADEMIC TRIP 19484 Central America and the Caribbean Program Services ACADEMIC TRIP 29309 East Asia and the Pacific Program Services ACADEMIC TRIP 5374 1 1 6203464 5374 6208838 false false false false false false PART III, line 3 DURING FISCAL YEAR 2015, IWU HOLDINGS, LLC WAS ACQUIRED BY INDIANA WESLEYAN UNIVERSITY. IWU HOLDINGS, LLC IS A WHOLLY-OWNED SUBSIDIARY OF INDIANA WESLEYAN UNIVERSITY AND EXISTS AS A HOLDING COMPANY FOR GLOBAL CHRISTIAN UNIVERSITIES. Currently, the only holding of IWUH is Excelsia College of Australia. Excelsia College is an academic community benefiting the world by producing research characterized by exemplary scholarship consistent with a Christian world view, and graduates prepared to lead in a range of professions. Excelsia College is separately accredited by the Tertiary Education Quality and Standards Agency (TEQSA) of Australia. EXCELSIA COLLEGE IS A NON-PROFIT ENTITY AND THERE ARE NO FOREIGN REPORTING REQUIREMENTS AS A RESULT OF INDIANA WESLEYAN UNIVERSITY'S RELATIONSHIP WITH THE COLLEGE. TELESALE 52100 18050 34050 5638 FLORIDA GOLF 39061 23967 15094 30256 2040 19646 1 38065 35017 3048 5633 2403 4282 129226 77034 52192 35889 4443 29566 69898 -17706 true PROJECT LEADERSHIP 118 W 25TH ST MARION IN 46952 453577728 501(C)(3) 12500 OPERATING SUPPORT BRIDGES TO HEALTH 1251 W KEM RD MARION IN 46952 205405181 501(C)(3) 12000 OPERATING SUPPORT GRACE HOUSE FOR RECOVERY P O BOX 284 MARION IN 46952 352157300 501(C)(3) 8040 OPERATING SUPPORT BOYS & GIRLS CLUB OF GRANT COUNTY 3402 S MERIDIAN ST MARION IN 46952 351065247 501(C)(3) 8000 OPERATING SUPPORT MARION BAPTIST MINISTERS ALLIANCE 1204 W 14TH ST MARION IN 46953 351693624 501(C)(3) 6000 OPERATING SUPPORT GLOBAL CENTURION FOUNDATION PO BOX 17107 ARLINGTON VA 22216 271985417 501(C)(3) 65000 OPERATING SUPPORT UNITED WAY OF GRANT COUNTY PO BOX 61 MARION IN 46952 350995975 501(C)(3) 15000 OPERATING SUPPORT 7 SCHOLARSHIPS 2659 28295429 SCHEDULE I, PART I, LINE 2 ANY SCHOLARSHIPS/GRANTS TO STUDENTS ARE DETERMINED BY THE FINANCIAL AID OFFICE IN WHICH EACH STUDENT FILE IS REVIEWED IN ACCORDANCE WITH DESIGNATED ELIGIBILITY REQUIREMENTS OF THE SCHOLARSHIPS OR GRANTS. SCHOLARSHIPS AND GRANTS ARE THEN MONITORED BY DISBURSING FUNDS FROM THE FINANCIAL AID OFFICE TO THE STUDENT ACCOUNT OFFICE. X X X true true X X X X false false false false false false false false false DAVID WRIGHT UNIVERSITY PRESIDENT 242987 0 0 0 0 0 23525 0 58739 0 325251 0 0 0 NANCY SCHOONMAKER CFO/VP OF BUSINESS AFFAIRS 106525 0 0 0 0 0 10900 0 40703 0 158128 0 0 0 HENRY SMITH CHANCELLOR 172467 0 0 0 9165 0 17500 0 16070 0 215202 0 0 0 DUANE KILTY ASSOC PROF & ASST TO PRESIDENT 173570 0 0 0 957 0 15556 0 14707 0 204790 0 0 0 SCOTT MCPHEE-LEFT 4315 DEAN-SCHOOL OF HEALTH SCIENCE 148994 0 0 0 1984 0 15025 0 6727 0 172730 0 0 0 DONALD SPROWL-STARTED 31514 EXEC VP ACADEMIC AFFAIRS 137579 0 0 0 1146 0 13592 0 16913 0 169230 0 0 0 J KEITH NEWMAN CEO/RESIDENTIAL CAMPUS 140248 0 0 0 1396 0 16025 0 21441 0 179110 0 0 0 AUDREY HAHN CEO/NON-REIDENTIAL CAMPUS 149698 0 0 0 2016 0 15225 0 8760 0 175699 0 0 0 SCHEDULE J, PART I, LINE 1A THE PRESIDENT HAS COUNTRY CLUB DUES PAID BY THE UNIVERSITY FOR BUSINESS ENTERTAINMENT PURPOSES. THE DUES ARE TAXABLE FOR PERSONAL USE. HOUSING AND PERSONAL SERVICES FOR THE PRESIDENT IS PROVIDED BY THE UNIVERSITY AND REQUIRED BY CONTRACT. THE RESIDENCE IS CONTIGUOUS TO THE CAMPUS, THE PRESIDENT IS REQUIRED TO LIVE THERE AND IS REQUIRED TO CONDUCT UNIVERSITY RELATED BUSINESS PER HIS CONTRACT. THIS AMOUNT IS NOT INCLUDED IN TAXABLE INCOME AND IS SHOWN IN COLUMN (D) FOR DAVID WRIGHT. A CITY OF MARION INDIANA SERIES 2006 356001102 569564BX4 2006-02-09 40000000 CONSTRUCTION false false false A 25000000 15000000 40000000 10130572 0 0 160120 23000 0 39750000 0 0 2007 false false true true A false false false false 0 false false false false A false false false false true false 0 false 0 false false A true SCHEDULE K, PART IV, LINE 2C THE FILING OF FORM 8038-T SHOULD BE HANDLED BY THE CITY OF MARION, WHO IS THE ISSUER OF THE BOND. 22115 TUITION REMISSION EDUCATIONAL PAUL ANTHES TRUSTEE 135206 INVESTMENTS false GARY OTT TRUSTEE 2476991 LEASE false JERRY SHEPHERD BROTHER OF CARL SHEPHERD 95016 COMPENSATED BY ORGANIZATION false TOM SLOAN BROTHER OF DALE SLOAN 50036 COMPENSATED BY ORGANIZATION false PART IV Paul Anthes serves as President of Financial Advisory Corporation (FAC) and serves as Secretary of Board of Trustees at IWU. FAC provides investment advisory services for University endowment funds. FAC does not serve as custodian or manager of invested funds and only provides advisory services which custodian(s) and/or fund manager(s) use. The University receives monthly investment statements directly from the custodian of the funds independent of FAC. Additionally, the University has adopted an investment management policy and regularly reviews investment performance and asset allocation within the parameters of this policy. Finally, as an additional measure of independence, FAC receives a set fee for their services and not a percentage of the earnings on the invested funds. Mr. Anthes does not serve on the investment committee of the board. Gary Ott is the President of Tender Love and Care Management, which manages the Wesleyan Retirement Center. CARL SHEPHERD AND DALE SLOAN, BOTH TRUSTEES OF INDIANA WESLEYAN UNIVERSITY, HAVE FAMILY MEMBERS WHO ARE EMPLOYED BY THE UNIVERSITY. X 8 77549 FMV X ANNUITIES 2 171304 FMV false true false PART VI, SECTION A, LINE 1B BOARD MEMBERS PAUL ANTHES, GARY OTT, CARL SHEPHERD, AND DALE SLOAN ARE NON-INDEPENDENT DUE TO INFORMATION DISCLOSED ON SCHEDULE L. UNIVERSITY PRESIDENT, DAVID WRIGHT, IS NON-INDEPENDENT BECAUSE HE IS A COMPENSATED EMPLOYEE OF IWU. PART VI, SECTION A, LINE 4 DURING FISCAL YEAR 2015, IWU HOLDINGS, LLC WAS ACQUIRED BY INDIANA WESLEYAN UNIVERSITY. IWU HOLDINGS, LLC IS A WHOLLY-OWNED SUBSIDIARY OF INDIANA WESLEYAN UNIVERSITY AND EXISTS AS A HOLDING COMPANY FOR GLOBAL CHRISTIAN UNIVERSITIES. THE UNIVERSITY'S BYLAWS HAVE BEEN UPDATED TO REFLECT THIS ACQUISITION. PART VI, SECTION B, LINE 11B THE ENTIRE BOARD RECEIVES A COPY OF THE RETURN BEFORE FILING. IT IS ALSO REVIEWED BY AN INDEPENDENT CPA FIRM. PART VI, SECTION B, LINE 12C INDIANA WESLEYAN'S CONFLICT OF INTEREST POLICY IS SIGNED ANNUALLY BY THE OFFICERS, TRUSTEES AND KEY EMPLOYEES. THE AUDIT COMMITTEE OF THE BOARD OF TRUSTEES ANNUALLY REVIEWS THE POLICY. THE COMPLETED QUESTIONNAIRES ARE REVIEWED BY THE BOARD OF TRUSTEES CHAIRPERSON AND PRESIDENT. PART VI, SECTION B, LINE 15A & 15B THE COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES ANNUALLY REVIEWS AND SETS THE PRESIDENT'S SALARY BASED ON AN EXTERNAL BENCHMARK WHICH IS THE 75TH PERCENTILE OF PRESIDENTS OF SCHOOLS IN THE COUNCIL OF CHRISTIAN COLLEGES AND UNIVERSITIES. IN TURN, KEY EMPLOYEES ARE BENCHMARKED BY THE 75TH PERCENTILE FOR THEIR DISCIPLINE. ALL OTHER COMPENSATION IS REVIEWED AND APPROVED BY EXECUTIVE EMPLOYEES. PART VI, SECTION C, LINE 19 COPIES OF DOCUMENTS AND POLICIES CAN BE OBTAINED BY CONTACTING THE OFFICE OF THE VICE PRESIDENT FOR BUSINESS AFFAIRS. PART XI, RECONCILIATION OF NET ASSETS LINE 9 CHANGE IN VALUE OF PLEDGE RECEIVABLE (942,507) EXCHANGE RATE LOSS ON CONTRIBUTIONS (181,834) CHANGE IN VALUE OF SPLIT-INTEREST AGREEMENTS (315,742) CHANGE IN BENEFICIAL INTEREST IN PERPETUAL TRUSTS (207,036) TOTAL: (1,647,119) IWU HOLDINGS LLC 4201 S WASHINGTON ST MARION IN 46936 471041098 EDUCATION IN 7788600 5362671 Y WESLEYAN RETIREMENT CENTER 4201 S WASHINGTON STREET MARION IN 46953 351449080 ELDER CARE IN 501(C)(3) 11A IWU true WESLEYAN CHURCH CORPORATION PO BOX 50434 INDIANAPOLIS IN 46250 351148762 RELIGIOUS ORG IN 501(C)(3) 1 NA false INDEPENDENT COLLEGES OF INDIANA INC 30 SOUTH MERIDIAN STREET SUITE 800 INDIANAPOLIS IN 46204 310901001 EDUCATION IN 501(c)(3) 11A NA false CRT (3) CHAR. REM. TRUSTS IN NA false false true true false false false false false false false false false false false false false false false false WESLEYAN CHURCH CORPORATION C 1218100 CASH WESLEYAN RETIREMENT CENTER C 1281126 CASH