2015-05-15T14:09:13-07:00 2014-06-30 TD&T CPAs and Advisors PC 317 HIGH AVE E OSKALOOSA IA 525772823 990 2013-07-01 420707120 WILLIAM PENN UNIVERSITY WILL 6416731001 NORTH MARKET AND TRUEBLOOD AVENUE OSKALOOSA IA 52577 BONNIE JOHNSON CFO 2015-05-15 true Joseph B Ryan CPA P00769873 6416722523 2013 2016-04-25 22:37:26Z 40107158 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 20 891 50 -139998 -124724 7814384 7278599 31215894 32347335 871856 274181 -123110 -140341 39779024 39759774 13358893 14633794 0 11858857 11780296 0 440221 12849085 13418475 38066835 39832565 1712189 -72791 66758149 66921122 46339574 46098798 20418575 20822324 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 14633794 14633794 SCHOLARSHIP PROGRAMS FOR SCHOLARSHIPS AND GRANTS TO 1,217 STUDENTS. 10430104 28659791 INSTRUCTION AND ACADEMIC SUPPORT PROVIDED TO 1,992 FULL AND PART-TIME STUDENTS. 6146552 STUDENTS SERVICES, INCLUDING STUDENT DEVELOPMENT, ACADEMIC AND CAREER COUNCELING, INTERCOLLEGIATE ATHLETICS, FINANCIAL ASSISTANCE AND OTHER SERVICES, WAS PROVIDED TO 1,992 FULL AND PART TIME STUDENTS. 2748048 33958498 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 false true false false false false true false false false false true 71 0 true 891 true true false false false false true true false 0 false false false false false false false false false false X 21 20 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 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 JASON VAN WYK ALUMNI REP 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 RONALD K BRYAN 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 JOHN OTTOSSON Vice President 40.00 0.00 X 141317 0 15406 GREG HAFNER VP OF ATHLETICS 40.00 0.00 X 70622 0 8448 BONNIE L JOHNSON VP OF FINANCE 40.00 0.00 X 110664 0 14645 NOEL STAHLE VP OF ACADEMICS 40.00 0.00 X 111892 0 14660 MARGE WELCH DEAN OF COLLEGE 40.00 0.00 X 47001 0 14331 ANGELLA DURIAN-GAMBELL Secretary 40.00 0.00 X 37620 0 11677 JARED PEARCE FACULTY REP 40.00 0.00 X 58278 0 13113 ANN FIELDS PRESIDENT 40.00 0.00 X 175809 0 10243 TODD HAFNER FTBALL COACH 40.00 0.00 X 92485 0 8611 845688 111134 4 false true false MAHASKA COMMUNICATIONS GROUP PO BOX 1038 OSKALOOSA IA 52577 MEDIA SERVICES 175989 JENZABAR PO BOX 845939 boston MA 022845939 SOFTWARE MAINTENANCE 292127 SODEXO SERVICES 4880 PAYSPHERE CIRCLE CHICAGO IL 60674 FOOD SERVICE 1519106 3 30080 324781 6923738 463516 7278599 BOARD 722210 1645389 1645389 BOOKS, COMPUTERS & OTHER 451211 209952 209952 OTHER PROGRAM INCOME 611710 332006 332006 ROOM 721310 1500197 1500197 STUDENT TUITION AND FEES 611310 28659791 28659791 32347335 254505 254505 0 0 57266 189533 -132267 -132267 -139998 7731 156393 136717 19676 19676 19676 13060 30080 21134 -8074 -8074 0 0 0 39759774 28659791 -139998 3961382 0 14633794 14633794 0 0 752389 403305 349084 0 8894761 7784067 882297 228397 122671 107959 11491 3221 1345344 1171733 139591 34020 665131 566679 82584 15868 0 152132 152132 105420 105420 0 0 0 2617999 534309 2083690 87983 4689 83259 35 0 0 0 1540834 1440754 80139 19941 486727 439157 30377 17193 0 0 2052393 1962702 67965 21726 0 1199327 1149630 37273 12424 345300 345300 FOOD SERVICE CONTRACT 1306617 1306617 CONTRACT SERVICES 869848 125183 721686 22979 SUPPLIES 824619 644589 166365 13665 RENTS 643074 643074 1186202 694957 440493 50752 39832565 33958498 5433846 440221 471463 981845 0 2663199 1629600 827047 786493 0 0 2336018 2547263 0 1536379 1369362 63252059 23186068 39180348 40065991 580524 534033 410000 0 0 19163171 18596535 66758149 66921122 3880138 3691898 431407 602708 7737854 7734167 1000000 25969566 32539753 5824200 24200 1496409 1506072 46339574 46098798 X 3118403 3229057 10032671 10238295 7267501 7354972 20418575 20822324 66758149 66921122 -72791 476540 X false true X true true true X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false false false false false false false true 1921 false false false 1921 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 6054403 51496 314311 315187 6105023 5959108 228435 212149 345289 6054403 6217613 94192 -39929 312768 5959108 5906333 47159 557382 293261 6217613 5710050 90367 341939 236023 5906333 1.00000 false false false 2123159 1242751 3365910 44599632 10800059 33799573 15286517 12386009 2900508 40065991 BENEFICIAL INTEREST IN PERPETUAL TR 6338923 COLLECTIBLES 3043375 CONSTRUCTION IN PROCESS 3551514 LIBRARY BOOKS 648681 REMAINDER INTEREST TRUSTS 1565257 18596535 US GOVERNMENT GRANTS REFUNDABLE 1506072 1506072 X 26426812 477182 692724 -14502868 -13332962 39759774 39759774 26022421 692724 130926 823650 25198771 14633794 14633794 39832565 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 106 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, 2014 and 2013. 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, 2011. Part XII, Line 2d: Other expenses and losses per audited F/S SPECIAL EVENT EXPENSES $21133 RENTAL EXPENSES $189533 grouping differences $-79740 Part XII, Line 4b: Other revenue amounts included on 990 but not included in F/S SCHOLARSHIPS AND GRANTS $14633794 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 X X X X X X X false IA GALA 30072 17012 13060 13059 1839 200 3273 537 GOLF TOURNAMENT 13068 13068 2226 43140 30080 13060 13059 1839 200 5499 537 21134 -8074 true 0 0 FEDERAL SEOG 962 528205 CASH VOCATIONAL REHAB GRANTS FOR STATES 26 64124 CASH INSTITUTION SCHOLARSHIPS AND GRANTS 1217 14041465 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 ANN FIELDS PRESIDENT 175809 1459 8784 186052 JOHN OTTOSSON Vice President 141317 2968 12438 156723 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 6567746 530676 19315 130391 388409 5498955 2006 true false true true B 22000 1164648 97086 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 true true false 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: 04/30/2010SCHEDULE 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. 47207 TUITION EDUCATION Mahaska Comm Group MCG See Part V 175989 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 COOKHAM is also President and CEO of both entities. X 2 410000 APPRAISAL X CAPITAL IMPROVEMENTS 1 47017 FAIR VALUE X OTHER 53 6499 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 2,026 STUDENTS, FACULTY AND STAFF. OTHER PROGRAM SERVICES 5: SCHOLARSHIP PROGRAMS FOR SCHOLARSHIPS AND GRANTS TO 1,217 STUDENTS. OTHER PROGRAM SERVICES 6: STUDENTS SERVICES, INCLUDING STUDENT DEVELOPMENT, ACADEMIC AND CAREER COUNCELING, INTERCOLLEGIATE ATHLETICS, FINANCIAL ASSISTANCE AND OTHER SERVICES, WAS PROVIDED TO 1,992 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. BLANCHE JOHNSON TRUST 124 SOUTH FIRST STREET OSKALOOSA IA 52577 426613277 RENTAL REAL ESTATE IA 501C3 11D N/A false MAHASKA BOWLING & RECREATION INC 317 HIGH AVENUE EAST OSKALOOSA IA 52577 421442162 BOWLING IA WILLIAM PENN UNIVERS S CORP 154665 1.00000 false false false true false false false false false false false false false false false false false false false false BLANCHE JOHNSON TRUST c 185635 cash