2014-05-09T08:04:05-05:00 2013-06-30 KPMG LLP 60 South Street Boston MA 02111 990 2012-07-01 060646959 WESLEYAN UNIVERSITY % WESLEYAN UNIVERSITY WESL 8606852000 237 HIGH STREET NORTH COLLEGE Suite MIDDLETOWN CT 06459 NATHAN PETERS 8606852000 2014-05-08 true 6179881000 2012 2015-11-30 17:44:51Z MICHAEL ROTH 237 HIGH STREET MIDDLETOWN CT 06459 500291015 false X WWW.WESLEYAN.EDU X 1831 CT WESLEYAN UNIVERSITY IS DEDICATED TO PROVIDING AN EDUCATION IN LIBERAL ARTS BY BUILDING A DIVERSE, ENERGETIC COMMUNITY OF STUDENTS, FACULTY AND STAFF WHO VALUE INDEPENDENCE OF MIND AND GENEROSITY OF SPIRIT. 33 29 3613 1586 2246265 1188344 42759578 45494783 177533000 188472000 38136590 43095274 5900422 5968943 264329590 283031000 50638905 54542173 0 0 104210876 103246086 0 0 8983027 80735219 80175741 235585000 237964000 28744590 45067000 1021730000 1104160000 280319000 289029000 741411000 815131000 X WESLEYAN UNIVERSITY IS DEDICATED TO PROVIDING AN EDUCATION IN LIBERAL ARTS BY BUILDING A DIVERSE, ENERGETIC COMMUNITY OF STUDENTS, FACULTY AND STAFF WHO VALUE INDEPENDENCE OF MIND AND GENEROSITY OF SPIRIT. false false 149154000 54492000 146217000 *INSTRUCTION AND RESEARCH* WESLEYAN UNIVERSITY OFFERS INSTRUCTION IN 40 DEPARTMENTS AND 47 MAJOR FIELDS OF STUDY AND AWARDS THE BACHELOR OF ARTS AND GRADUATE DEGREES. THE MASTER OF ARTS DEGREE AND THE DOCTOR OF PHILOSOPHY ARE REGULARLY AWARDED IN SIX FIELDS OF STUDY. STUDENTS MAY CHOOSE FROM MORE THAN 900 COURSES EACH YEAR AND MAY BE COUNTED UPON TO DEVISE, WITH THE FACULTY, SOME 900 INDIVIDUAL TUTORIALS AND LESSONS. PLEASE SEE SCHEDULE O FOR DETAIL. 43495000 42255000 *AUXILIARY SERVICES AND OTHER* AUXILIARY SERVICES INCLUDE THE COSTS OF ROOM AND BOARD FOR OVER 2,800 STUDENTS RESIDING ON A 340 ACRE CAMPUS. THERE ARE 8 RESIDENCE HALLS, 7 APARTMENT COMPLEXES AND OVER 25 PROGRAM HOUSES IN ADDITION TO OVER 140 HOUSE UNITS ON CAMPUS FOR UPPERCLASSMEN. WORKING IN PARTNERSHIP WITH STUDENTS AND COLLABORATIVELY WITH OTHER MEMBERS OF THE WESLEYAN COMMUNITY, THE OFFICE OF RESIDENTIAL LIFE STRIVES TO PROVIDE A SAFE AND SUPPORTIVE RESIDENTIAL ENVIRONMENT WHICH COMPLEMENTS AND EXTENDS STUDENTS' EDUCATIONAL EXPERIENCE. PLEASE SEE SCHEDULE O FOR DETAIL. 10336000 *LIBRARIES* LIBRARY EXPENSES INCLUDE ACQUISITION OF BOOKS, PERIODICALS AND OTHER MATERIALS, COMPENSATION OF STAFF, AND OTHER EXPENDITURES IN SUPPORT OF THE LIBRARY. PLEASE SEE SCHEDULE O FOR DETAIL. 2209000 50173 5721000 205194000 true true false false false false true true false true true true false false true true true false true true true false true false true false false true true true true false false false false false false false false true true true true false false false true true true false false true 708 0 true 3613 true true true true FR GM IT SP false false false true true false false false false X 33 29 false false false false false false false true true false false true true true true true true true true false CT X WESLEYAN UNIVERSITY 8606852000 237 HIGH STREET MIDDLETOWN CT 06459 MICHAEL S ROTH 38.0 X X 600516 0 190771 K TUCKER ANDERSEN 1.0 X 0 0 0 DAVID M BARTHOLOMEW 1.0 X 0 0 0 CARLTON B BARNSWELL 1.0 X 0 0 0 JOSHUA S BOGER 1.0 X 0 0 0 PHOEBE C BOYER 1.0 X 0 0 0 JAMES M CITRIN 1.0 X 0 0 0 ELIZABETH BEEZER CLARKSON 1.0 X 0 0 0 BOBBY J DONALDSON II 1.0 X 0 0 0 GEOFFREY M DUYK 1.0 X 0 0 0 DIANA FARRELL 1.0 X 0 0 0 JOHN B FRANK 1.0 X 0 0 0 KAREN J FREEDMAN 1.0 X 0 0 0 IRMA V GONZALEZ 1.0 X 0 0 0 MIGUEL GUADALUPE 1.0 X 0 0 0 JOYCE YO HALL 1.0 X 0 0 0 DARRYL B HAZEL 1.0 X 0 0 0 ELLEN JEWETT 1.0 X 0 0 0 DAPHNE KWOK 1.0 X 0 0 0 MICHAEL S LEWIS 1.0 X 0 0 0 FREDERICK C MAYNARD III 1.0 X 0 0 0 HIRUT M'CLEOD 1.0 X 0 0 0 DONNA S MOREA 1.0 X 0 0 0 LINDA E RAPPAPORT 1.0 X 0 0 0 DAVID L RESNICK 1.0 X 0 0 0 DAVID L ROSENBLUM 1.0 X 0 0 0 AMY SCHULMAN 1.0 X 0 0 0 JEFFERY L SHAMES 1.0 X 0 0 0 FRANK V SICA 1.0 X 0 0 0 SHONNI J SILVERBERG 1.0 X 0 0 0 WARREN RENNY C SMITH JR 1.0 X 0 0 0 ADAM USDAN 1.0 X 0 0 0 BRADLEY WHITFORD 1.0 X 0 0 0 JOHN C MEERTS 38.0 X 255135 0 65632 DAVID STUART WINAKOR 38.0 X 158526 0 51631 ROB ROSENTHAL 38.0 X 215572 0 48874 SONIA BASSHEVA MANJON 38.0 X 162685 0 48565 NANCY HARGRAVE MEISLAHN 38.0 X 165295 0 40734 BARBARA-JAN WILSON 38.0 X 244499 0 69994 MICHAEL J WHALEY 38.0 X 152786 0 63810 ANNE MARTIN 38.0 X 581336 0 89174 JEANINE D BASINGER 38.0 X 239891 0 58287 WILLIAM HERBST 38.0 X 190864 0 38399 ANNE F GREENE 38.0 X 182427 0 36854 DAVID L BEVERIDGE 38.0 X 201563 0 34105 NATHANAEL GREENE 38.0 X 201765 0 42245 PETER C PATTON 38.0 X 180943 0 31814 3733803 0 910889 157 true true false SUN SERVICES LLC 25 CONTROLS DRIVE SHELTON CT 06484 CLEANING SERVICES 2614511 PAC GROUP LLC 34 HAYDEN ROAD HARWINTON CT 06791 ARCHITECT 663995 BROWN AND WIMLER CONSTRUCTION 180 JOHNSON STREET MIDDLETON CT 06457 CONSTRUCTION 493095 KPMG LLP PO BOX 120001 DALLAS TX 75312 ACCOUNTING 286950 VASTARDIS CAPITAL SERVICES LLC 41 MADISON AVENUE NEW YORK NY 10010 PERFORMANCE MGMT 181410 6 X 62437 7080000 38352346 15064310 45494783 TUITION AND FEES 611710 146217000 146217000 AUXILIARY SERVICES 611710 42255000 42255000 188472000 2956000 1751115 1204885 0 9000 9000 0 0 0 0 0 255868000 348496 215972000 105222 39896000 243274 40139274 495150 39644124 45314 62437 109371 -64057 -64057 0 0 1376423 1073422 303000 303000 OTHER REVENUE 531390 5721000 5721000 5721000 283031000 194193000 2246265 41096952 50173 50173 52523981 52523981 1968019 1968019 0 3342219 891466 1897061 553692 584947 584947 77436679 63946933 9487433 4002313 6618000 5465121 810828 342051 9780675 8180928 1085222 514525 5483566 4462843 699617 321106 5731332 3709115 1433063 589154 228066 15835 212221 10 145886 933 144927 26 0 0 1527934 1527934 123782 120813 949 2020 5107759 4864866 178299 64594 4800231 3937636 472058 390537 1896572 918054 912492 66026 0 14367729 10952031 2697021 718677 3095850 2543077 315054 237719 0 91442 66418 19115 5909 8859000 8083660 559968 215372 0 9783000 8881661 650967 250372 847482 674912 154028 18542 DINING 13712339 13712339 FOREIGN PROGRAM 4372018 4372018 FELLOWSHIPS 2441916 2441916 MISCELLANEOUS 3043403 1824305 528716 690382 237964000 205194000 23786973 8983027 X 6473000 8890000 68131000 61815000 30862000 28237000 499000 576000 0 0 0 0 8497000 7996000 740000 498000 1176000 1107000 501083000 202006000 293033000 299077000 372301000 474821000 231016000 211380000 0 0 0 0 9002000 9763000 1021730000 1104160000 12560000 15939000 0 0 3256000 3844000 206580000 206580000 0 0 0 0 0 0 0 0 57923000 62666000 280319000 289029000 X 252914000 283172000 275403000 294171000 213094000 237788000 741411000 815131000 1021730000 1104160000 X 45067000 27928000 725000 X X false true X true true true X 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X 2 10.00 2 0 0 1 true 0.00 0 242027 7226294 X X X false 616195000 33587000 67246000 5551705 22833295 688643000 601478000 21612000 22604000 5456158 24042842 616195000 512875000 17654000 104000000 7334666 25716334 601478000 476481000 13264000 58890000 7177427 28582573 512875000 652208000 8800000 -149099000 6927966 28500034 476481000 0.27878 0.31470 0.40652 false false 0 26209000 26209000 0 371756000 120282000 251474000 0 100906000 81724000 19182000 2212000 2212000 299077000 REAL ESTATE 117658000 F PRIVATE EQUITY 93722000 F 211380000 0 TERM LOANS 3522000 CHARITABLE REMAINDER TRUSTS 7970000 POST RETIREMENT BENEFITS 17673000 PERKINS LOAN PROGRAM 5331000 ASSET RETIREMENT OBLIGATION 12905000 BOND PREMIUM 7820000 LIABILITIES ASSOCIATION WITH INVESTMENTS 7445000 62666000 X 309444000 27928000 725000 28653000 280791000 2240000 2240000 283031000 235724000 235724000 2240000 2240000 237964000 CONSERVATION EASEMENTS PART II, LINE 9 WESLEYAN UNIVERSITY DOES NOT OWN ANY PROPERTY ENCUMBERED BY A CONSERVATION EASEMENT. HOWEVER, THE LONG LANE PARCEL IS CURRENTLY UNDER THE TRANSFER ACT AGREEMENT WITH CT DEP, REMEDIATED SOIL PILES, EXCAVATIONS AND IMPACTED WETLANDS, WHICH ARE PROTECTED UNDER LOCAL AND STATE REGULATIONS AND HAVE A WRITTEN MANAGEMENT PLAN WHICH PROVIDES A POLICY FOR PROTECTING THE AREAS INCLUDING THE PERIODIC MONITORING, INSPECTION, AND ENFORCEMENT OF THE SITE. REGARDING HISTORIC BUILDINGS, THE CITY OF MIDDLETOWN DESIGN PRESERVATION AND REVIEW BOARD (DRPB) REVIEWS PROPOSED RENOVATIONS TO ALL HISTORIC STRUCTURES IN CERTAIN DISTRICTS, WHICH INCLUDES WESLEYAN'S CAMPUS. THE DRPB THEN MAKES RECOMMENDATIONS TO THE MIDDLETOWN DIRECTOR OF PLANNING FOR SUCH RENOVATIONS. WESLEYAN POLICY REQUIRES OUR CONTRACTED ARCHITECTS, ENGINEERS AND CONTRACTORS TO COMPLY WITH ALL LOCAL, STATE AND FEDERAL REGULATIONS ON EVERY PROJECT. CONTRACTS FOR DESIGN SERVICES IN HISTORIC BUILDINGS REQUIRE THAT THE ARCHITECT AND WESLEYAN SUBMIT PROPOSED RENOVATION PLANS TO THE CITY OF MIDDLETOWN AND THE DRPB AS REQUIRED BY ZONING LAW. ORGANIZATIONS COLLECTIONS OF ARTS PART III, LINE 4 THE UNIVERSITY MAINTAINS WORKS OF ART IN THE DAVISON ART CENTER (DAC), OLIN LIBRARY, SCIENCE LIBRARY AND ARCHIVES. WESLEYAN STUDENTS IN MANY DEPARTMENTS USE THE DAC COLLECTION FOR CLASS ASSIGNMENTS OR VIEWINGS AS WELL AS FOR INDIVIDUAL RESEARCH PROJECTS WITH UNIVERSITY FACULTY, AND THE MUSEUM ALSO ENCOURAGES TEACHING AND LEARNING FROM OBJECTS IN A WIDE RANGE OF OTHER WAYS. THE LIBRARY MAINTAINS SPECIAL COLLECTIONS AND ARCHIVES WHICH INCLUDES AROUND 25,000 RARE BOOKS AND COLLECTIONS THAT SERVE TO STIMULATE UNDERGRADUATE MINDS ABOUT THE PAST, OFFER LABORATORY MATERIALS IN THE HUMANITIES, AND PROVIDE SOME PREPARATION FOR ADVANCED SCHOLARSHIP. ENDOWMENT FUNDS PART V, LINE 4 THE UNIVERSITY'S ENDOWMENT CONSISTS OF APPROXIMATELY 1,300 INDIVIDUAL FUNDS ESTABLISHED FOR A VARIETY OF PURPOSES INCLUDING BOTH DONOR-RESTRICTED ENDOWMENT FUNDS AND FUNDS DESIGNATED BY THE BOARD OF TRUSTEES TO FUNCTION AS ENDOWMENTS. THE UNIVERSITY HAS ADOPTED INVESTMENT AND SPENDING POLICIES FOR ENDOWMENT ASSETS THAT ATTEMPT TO PROVIDE A PREDICTABLE STREAM OF FUNDING TO PROGRAMS SUPPORTED BY ITS ENDOWMENT WHILE SEEKING TO MAINTAIN THE PURCHASING POWER OF THE ENDOWMENT ASSETS. THE UNIVERSITY FOLLOWS A POLICY OF SPENDING BETWEEN 4.5% AND 5.5% OF THE 12-QUARTER MOVING AVERAGE OF THE MARKET VALUE OF THE ENDOWMENT IN SUPPORT OF THE OPERATING AND CAPITAL BUDGETS. ABOUT 87% OF THE PERMANENTLY RESTRICTED NET ASSETS CONSIST OF THOSE FOR WHICH INCOME IS RESTRICTED TO FINANCIAL AID, INSTRUCTION AND RESEARCH. UNCERTAIN TAX POSITIONS UNDER FIN 48 (ASC 740) PART X, LINE 2 THE UNIVERSITY IS GENERALLY EXEMPT FROM INCOME TAXES UNDER INTERNAL REVENUE CODE SECTION 501(A), AS AN ORGANIZATION DESCRIBED IN SECTION 501(C)(3). THE UNIVERSITY ASSESSES UNCERTAIN TAX POSITIONS AND DETERMINED THAT THERE WERE NO SUCH POSITIONS THAT HAVE A MATERIAL EFFECT ON THE FINANCIAL STATEMENTS. OTHER REVENUE INCLUDED IN AFS NOT IN FORM 990 PART XI, LINE 2D POST RETIREMENT BENEFIT OBLIGATION CHANGES 1,454,000 CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS (729,000) ------------- TOTAL 725,000 true true true true true true true false false false false false false false false true false true NONDISCRIMINATORY POLICY SCHEDULE E, LINE 3 THE NONDISCRIMINATORY POLICY IS PROMINENTLY DISPLAYED ON ADVERTISEMENTS FOR EMPLOYMENT WHICH APPEAR IN NEWSPAPERS AND THE INTERNET. IT ALSO APPEARS IN ADMISSIONS CATALOGUES, EMPLOYMENT APPLICATIONS AND EMPLOYEE AND FACULTY HANDBOOKS. true Central America and the Caribbean Program Services Stdy Abr/Rsrch/Rcrt 65088 East Asia and the Pacific Program Services Stdy Abr/Rsrch/Rcrt 413372 Europe (Including Iceland and Greenland) 1 Program Services Stdy Abr/Rsrch/Rcrt 3203461 Middle East and North Africa Program Services Stdy Abr/Rsrch/Rcrt 39343 North America Program Services Stdy Abr/Rsrch/Rcrt 4183 Russia and the Newly Independent States Program Services Stdy Abr/Rsrch/Rcrt 7813 South America Program Services Stdy Abr/Rsrch/Rcrt 228635 South Asia Program Services Stdy Abr/Rsrch/Rcrt 23706 Sub-Saharan Africa Program Services Stdy Abr/Rsrch/Rcrt 130170 Central America and the Caribbean Investments 133391089 Europe (Including Iceland and Greenland) Investments 14124136 1 1 151630996 151630996 STUDY ABROAD GRANTS-SOUTH AMERICA South America 12 221496 SEE PART V STUDY ABROAD GRANTS-EAST ASIA East Asia and the Pacific 15 307065 SEE PART V STUDY ABROAD GRANTS-EUROPE Europe (Including Iceland and Greenland) 70 1212644 SEE PART V STUDY ABROAD GRANTS-MIDDLE EAST Middle East and North Africa 3 39110 SEE PART V STUDY ABROAD GRANTS-CENTRAL AMERICA Central America and the Caribbean 4 64366 SEE PART V STUDY ABROAD GRANTS-SOUTH ASIA South Asia 1 20252 SEE PART V STUADY ABROAD GRANTS-SUB-SAHARAN Sub-Saharan Africa 7 103086 SEE PART V true false true true true true MONITORING THE USE OF GRANT FUNDS PART I, LINE 2 STUDENTS ATTEND APPROVED STUDY ABROAD PROGRAMS AND RECEIVE WESLEYAN CREDIT. PROGRAMS ARE APPROVED BASED ON A REVIEW BY A FACULTY COMMITTEE. ONCE THE PROGRAM IS APPROVED, THE OFFICE OF INTERNATIONAL STUDIES, IN CONJUNCTION WITH THE FINANCE OFFICE, FACILITATES PAYMENT AND FINANCIAL AID TO THE HOST SCHOOL. AFTER A STUDENT COMPLETES THE PROGRAM THEY FILL OUT AN EVALUATION OF THE PROGRAM AND AN OFFICIAL TRANSCRIPT IS PRESENTED TO THE UNIVERSITY FROM THE PROGRAM. STUDY ABROAD GRANTS PART III, COLUMN E FINANCIAL AID IS DETERMINED BASED ON A NEEDS ANALYSIS AND APPLIED TO STUDENT CHARGES THAT SUPPORT THE COST OF ATTENDANCE. STUDENT CHARGES ARE USED IN SUPPORTING THE UNIVERSITY'S MISSION. FOOTBALL GOLF 27215 6057 21158 18794 EVENING MAD MEN 26500 24539 1961 18795 5 54036 31841 22195 71782 107751 62437 45314 109371 109371 -64057 true CITY OF MIDDLETOWN 245 DEKOVEN DRIVE MIDDLETOWN CT 06457 066001872 170(B)(1)(A)(V) 50173 UNRESTRICTED 1 0 SEOG 248 746500 CT STATE GRANTS 55 247662 FREEMAN SCHOLARSHIP 42 1919882 TUITION REMISSION 160 4583000 UNIVERSITY SCHOLARSHIP 1209 44706937 FIN. AID FUNDED BY RESTRICTED GIFTS 17 320000 MONITORING THE USE OF GRANT FUNDS PART I, LINE 2 GRANTS TO ORGANIZATIONS IN THE U.S. The University may make donations to support its town or non-profit organizations. In these instances, the University generally does not monitor the ultimate use of the funds as these amounts are unrestricted grants to municipalities or organizations that are recognized as being described in Internal Revenue Code Section 501(c). GRANTS TO INDIVIDUALS IN THE U.S. Financial aid is determined based on a needs analysis and applied to student charges that support cost of attendance. Student charges are used in support of the University's mission. X X true true X X X X X true false false false false false false false false MICHAEL S ROTH 492266 0 100000 0 8250 0 97680 0 93091 0 791287 0 0 0 JOHN C MEERTS 255085 0 0 0 50 0 46319 0 19313 0 320767 0 0 0 ROB ROSENTHAL 215522 0 0 0 50 0 25194 0 23680 0 264446 0 0 0 SONIA BASSHEVA MANJON 162685 0 0 0 0 0 17134 0 31431 0 211250 0 0 0 NANCY HARGRAVE MEISLAHN 165295 0 0 0 0 0 18956 0 21778 0 206029 0 0 0 JEANINE D BASINGER 195067 0 0 0 44824 0 27776 0 30511 0 298178 0 0 0 PETER C PATTON 180943 0 0 0 0 0 20722 0 11092 0 212757 0 0 0 WILLIAM HERBST 152142 0 0 0 38722 0 18193 0 20206 0 229263 0 0 0 ANNE F GREENE 182427 0 0 0 0 0 17295 0 19559 0 219281 0 0 0 DAVID L BEVERIDGE 201563 0 0 0 0 0 22833 0 11272 0 235668 0 0 0 BARBARA-JAN WILSON 244169 0 0 0 330 0 29656 0 40338 0 314493 0 0 0 MICHAEL J WHALEY 152786 0 0 0 0 0 17406 0 46404 0 216596 0 0 0 DAVID STUART WINAKOR 158526 0 0 0 0 0 18907 0 32724 0 210157 0 0 0 ANNE MARTIN 331336 0 250000 0 0 0 48056 0 41118 0 670510 0 0 0 NATHANAEL GREENE 199515 0 0 0 2250 0 21200 0 21045 0 244010 0 0 0 BENEFITS PART I, LINE 1A THE UNIVERSITY WILL REIMBURSE THE COST OF AIRPLANE TICKETS IN COACH CLASS ONLY, UNLESS SCHEDULING OR A MEDICAL CONDITION NECESSITATES OTHER ARRANGEMENTS. THE PRESIDENT AND VICE PRESIDENT FOR STUDENT AFFAIRS MUST LIVE ON CAMPUS AS A REQUIREMENT OF THEIR EMPLOYMENT AND THE FAIR MARKET VALUE OF THE HOUSING HAS BEEN INCLUDED AS A NON-TAXABLE FRINGE BENEFIT ON SCHEDULE J. SEVERANCE PAY PART I, LINE 4A Sonia Manjon resigned from service at the University to take another position in post secondary education as of June 30, 2013. She received a $15,000 payment upon her departure. PRESIDENT HOUSING ALLOWANCE PART II, LINE 1 For the President, of the $93,091 of Nontaxable Benefits, $50,041 is related to housing allowance. This calculation has been updated for square footage and operating costs of the house. A CHEFA SERIES G 060646959 20774U2Z7 2010-05-18 197314059 CHEFA SERIES G - REFUND PRIOR BOND false false false B CHEFA SERIES H 060646959 20774U3A1 2010-05-18 20105000 CHEFA SERIES H - REFUND PRIOR BOND false false false A 0 0 197314059 0 0 0 1454059 0 12860000 183000000 0 0 2008 true false true true B 0 0 20105000 0 0 0 105000 0 0 20000000 0 0 2008 true false true true A false false true true false 0.00360 0.00000 0.00360 false false 0.00000 false true B false false true true false 0.00040 0.00000 0.00040 false false 0.00000 false true A false true false false false false 0 false 0 false true B false true false false true false 0 false 0 false true A true B true ANNE GREENE FAMILY OF J FRANK-TRUSTEE 219281 EMPLOYEE COMPENSATION false NATHANAEL GREENE FAMILY OF J FRANK-TRUSTEE 244009 EMPLOYEE COMPENSATION false CHIEFTAIN CAPITAL MANAGEMENT SHONNI SILVERBERG-TRUSTEE 503307 INVESTMENT MANAGEMENT FEES false KARI WEIL SPOUSE OF M. ROTH-OFFICER 117922 EMPLOYEE COMPENSATION false TAILWIND CAPITAL GROUP LLC FRANK SICA-TRUSTEE 4743976 CAPITAL CALLS/FEES-SEE PART V false TOWERBROOK CAPITAL PARTNERS FRANK SICA-TRUSTEE 169830 CAPITAL CALLS/FEES-SEE PART V false BUSINESS TRANSACTIONS WITH INTERESTED PERSONS: TAILWIND CAPITAL GROUP SCHEDULE L, PART IV, LINE 5, COLUMN D THE TRANSACTION AMOUNT REPORTED ON THIS LINE FOR TAILWIND CAPITAL GROUP INCLUDES, IN AGGREGATE, WITHDRAWALS ($1,219,689) MADE BY OR DISTRIBUTIONS ($3,471,757) MADE TO THE UNIVERSITY, AND INVESTMENT MANAGEMENT FEES ($52,530) PAID BY THE UNIVERSITY. BUSINESS TRANSACTIONS WITH INTERESTED PERSONS: TOWERBROOK CAPITAL PARTNERS SCHEDULE L, PART IV, LINE 6, COLUMN D THE TRANSACTION AMOUNT REPORTED ON THIS LINE FOR TOWERBROOK CAPITAL PARTNERS INCLUDES, IN AGGREGATE, WITHDRAWALS ($87,005) MADE BY OR DISTRIBUTIONS ($82,825) MADE TO THE UNIVERSITY. X 15 242027 FMV X 129 14820783 FMV X Various 27 1500 FMV 6 false true false ORGANIZATION'S MISSION FORM 990, PART III, LINE 1 I. MISSION WESLEYAN UNIVERSITY IS DEDICATED TO PROVIDING AN EDUCATION IN THE LIBERAL ARTS THAT IS CHARACTERIZED BY BOLDNESS, RIGOR, AND PRACTICAL IDEALISM. AT WESLEYAN, DISTINGUISHED SCHOLAR-TEACHERS WORK CLOSELY WITH STUDENTS, TAKING ADVANTAGE OF FLUIDITY AMONG DISCIPLINES TO EXPLORE THE WORLD WITH A VARIETY OF TOOLS. THE UNIVERSITY SEEKS TO BUILD A DIVERSE, ENERGETIC COMMUNITY OF STUDENTS, FACULTY, AND STAFF WHO THINK CRITICALLY AND CREATIVELY AND WHO VALUE INDEPENDENCE OF MIND AND GENEROSITY OF SPIRIT. II. VALUES AND CULTURE *AS A LEARNING COMMUNITY* WESLEYAN EDUCATES STUDENTS TO BECOME INDEPENDENT THINKERS CAPABLE OF CONTINUING TO LEARN AND TRANSLATING THAT LEARNING INTO EFFECTIVE WORK AT THE HIGHEST LEVEL. THE EDUCATION ON CAMPUS IS CHARACTERIZED BY COMBINATIONS OF FREEDOM AND PRODUCTIVITY, EXPERIMENTATION AND EVALUATION, AND EXUBERANCE AND RESPONSIBILITY. THIS STIMULATES STUDENTS TO DISCOVER WHAT THEY LOVE TO DO AND GET BETTER AT IT. WESLEYAN CREATES AN ENVIRONMENT IN WHICH STUDENTS CAN STRIVE FOR EXCELLENCE THROUGH HARD WORK THAT IS JOYFUL AND SATISFYING. ALUMNI OF THE INSTITUTION CONTINUE TO DRAW ON THEIR LEARNING EXPERIENCES FOR THE REST OF THEIR LIVES AND REMAIN DEVOTED TO THE INSTITUTION. *AS A CENTER FOR RESEARCH AND CREATIVE PRACTICE* WESLEYAN ATTRACTS FACULTY AND STUDENTS WHO FIND ENORMOUS VALUE IN INDEPENDENT RESEARCH, SCHOLARSHIP AND CREATIVE PRACTICE. PROFESSORS FIND STIMULATION IN THE CLASSROOM TO ADVANCE THEIR VARIOUS PROFESSIONAL FIELDS, WHICH IN TURN INVIGORATES TEACHING AND CURRICULUM DEVELOPMENT. THE UNIVERSITY'S SMALL GRADUATE PROGRAMS IN THE SCIENCES AND MUSIC FACILITATE COLLABORATIVE RESEARCH. UNDERGRADUATES ARE GIVEN OPPORTUNITIES FOR ADVANCED INDEPENDENT WORK THROUGH WHICH THEY INCREASE THEIR INTELLECTUAL CAPACITIES AND DISCOVER ASPECTS OF THEMSELVES AND THE WORLD THAT WILL REMAIN MEANINGFUL TO THEM LONG AFTER GRADUATION. MEMBERS OF THE WESLEYAN COMMUNITY ADDRESS SCHOLARLY ISSUES OF IMPORTANCE TO THEIR RESPECTIVE FIELDS AND REGULARLY PRODUCE WORK THAT GOES BEYOND ACADEMIC REALMS TO HAVE A POSITIVE IMPACT ON PUBLIC LIFE. *AS AN INSTITUTIONAL CITIZEN AND LEADER IN EDUCATION* WESLEYAN INSPIRES FACULTY, STAFF AND STUDENTS TO PLAY ACTIVE ROLES AS NEIGHBORS AND CITIZENS. THE UNIVERSITY CONTRIBUTES ECONOMICALLY AND CULTURALLY TO MIDDLETOWN, AND IT INSTILLS IN ITS GRADUATES A SENSE OF CIVIC POSSIBILITY AND PURPOSE. WESLEYAN ALUMNI CREATE OPPORTUNITIES TO INTEGRATE SERVICE INTO THEIR PROFESSIONAL AND PERSONAL LIVES AND GENEROUSLY SUPPORT THE EDUCATIONAL ENTERPRISE ON CAMPUS. THE UNIVERSITY SUPPORTS THE CONTINUED EVOLUTION OF A LIBERAL ARTS EDUCATION AND MAKES A CASE FOR ITS IMPORTANCE IN THE PUBLIC SPHERE. MEMBERS OF THE WESLEYAN COMMUNITY REGULARLY GO ON TO DISTINGUISHED CAREERS IN PUBLIC SERVICE, AND THE UNIVERSITY PROVIDES SUPPORT FOR DISSEMINATING SCHOLARSHIP THAT CAN HAVE POSITIVE PUBLIC IMPACT. PROGRAM SERVICE ACCOMPLISHMENT #1 FORM 990, PART III, LINE 4A INSTRUCTION AND RESEARCH INCLUDES ALL EXPENDITURES FOR COMPENSATION AND OTHER EXPENSES IN SUPPORT OF INSTRUCTIONAL ACTIVITY. - 785 BACHELOR OF ARTS AND 81 GRADUATE DEGREES WERE AWARDED IN 2012. - TODAY WESLEYAN OFFERS INSTRUCTION IN 40 DEPARTMENTS AND 47 MAJOR FIELDS OF STUDY AND AWARDS THE BACHELOR OF ARTS AND GRADUATE DEGREES. THE MASTER OF ARTS DEGREE AND THE DOCTOR OF PHILOSOPHY ARE REGULARLY AWARDED IN SIX FIELDS OF STUDY. STUDENTS MAY CHOOSE FROM MORE THAN 900 COURSES EACH YEAR AND MAY BE COUNTED UPON TO DEVISE, WITH THE FACULTY, SOME 900 INDIVIDUAL TUTORIALS AND LESSONS. - THE STUDENT BODY IS MADE UP OF APPROXIMATELY 2,800 FULL-TIME UNDERGRADUATES AND 200 GRADUATE STUDENTS, AS WELL AS MORE THAN 300 PART-TIME STUDENTS IN THE GRADUATE LIBERAL STUDIES PROGRAM. AN ONGOING FACULTY OF MORE THAN 375 IS JOINED EACH SEMESTER BY A DISTINGUISHED GROUP OF VISITING ARTISTS AND PROFESSORS. BUT DESPITE WESLEYAN'S GROWTH, TODAY'S STUDENT/INSTRUCTOR RATIO REMAINS AT 9 TO 1, AND ABOUT TWO THIRDS OF ALL COURSES ENROLL FEWER THAN 20 STUDENTS. PROGRAM SERVICE ACCOMPLISHMENT #2 FORM 990, PART III, LINE 4B AUXILIARY SERVICES INCLUDE THE COSTS OF ROOM AND BOARD FOR OVER 2,800 STUDENTS RESIDING ON A 340 ACRE CAMPUS. THERE ARE 8 RESIDENCE HALLS, 7 APARTMENT COMPLEXES AND OVER 25 PROGRAM HOUSES IN ADDITION TO OVER 140 HOUSE UNITS ON CAMPUS FOR UPPERCLASSMEN. WORKING IN PARTNERSHIP WITH STUDENTS AND COLLABORATIVELY WITH OTHER MEMBERS OF THE WESLEYAN COMMUNITY, THE OFFICE OF RESIDENTIAL LIFE STRIVES TO PROVIDE A SAFE AND SUPPORTIVE RESIDENTIAL ENVIRONMENT WHICH COMPLEMENTS AND EXTENDS STUDENTS' EDUCATIONAL EXPERIENCE. STUDENT-CENTERED PROGRAMS AND SERVICES ARE DEVELOPED AND IMPLEMENTED WITH AN EMPHASIS ON HOLISTIC INDIVIDUAL AND COMMUNITY DEVELOPMENT, STUDENT LEADERSHIP, INDIVIDUAL RESPONSIBILITY, ADVOCACY OF ACADEMIC INQUIRY, AND FREEDOM OF THOUGHT, OPINION AND EXPRESSION IN THE SPIRIT OF MUTUAL RESPECT. THESE ARE THE HALLMARKS OF THE WESLEYAN RESIDENTIAL EXPERIENCE, AND PROVIDE THE ESSENTIAL FOUNDATION FOR A QUALITY LIBERAL ARTS EDUCATION WITHIN A DIVERSE AND DYNAMIC COMMUNITY. PROGRAM SERVICE ACCOMPLISHMENT #3 FORM 990, PART III, LINE 4C LIBRARY EXPENSES INCLUDE ACQUISITION OF BOOKS, PERIODICALS AND OTHER MATERIALS, COMPENSATION OF STAFF, AND OTHER EXPENDITURES IN SUPPORT OF THE LIBRARY. THE MISSION OF THE LIBRARY IS TO PROVIDE THE INFORMATION SERVICES AND RESOURCES REQUIRED TO SUPPORT THE LEARNING, TEACHING, AND RESEARCH OF THE WESLEYAN COMMUNITY. TO CARRY OUT THIS MISSION THE LIBRARY WILL: - ORGANIZE AND PROVIDE INTELLECTUAL AND PHYSICAL ACCESS TO COLLECTIONS AND INFORMATION RESOURCES LOCALLY AND WORLD-WIDE - DEVELOP AND PRESERVE LOCAL COLLECTIONS - TEACH AND GUIDE USERS IN THE LIBRARY RESEARCH PROCESS - PROVIDE AN ATMOSPHERE CONDUCIVE TO STUDY, RESEARCH, AND LEARNING - CONTRIBUTING TO THE LARGER SCHOLARLY WORLD THE WESLEYAN LIBRARY WILL PROVIDE UNEXCELLED SERVICES. IT IS A DYNAMIC PLACE WHERE LIBRARY STAFF PROVIDE USERS WITH THE INFORMATION THEY NEED, AS WELL AS A KEEN SENSE THAT THERE ARE MANY PATHS, AND A WIDE RANGE OF SKILLS NECESSARY FOR THE EFFECTIVE USE AND EVALUATION OF INFORMATION RESOURCES. OTHER PROGRAM SERVICE ACCOMPLISHMENTS FORM 990, PART III, LINE 4D STUDENT SERVICES INCLUDES THE COSTS ASSOCIATED WITH ADMINISTERING THE OFFICE OF ADMISSIONS, REGISTRAR, FINANCIAL AID, CAREER PLANNING, HEALTH SERVICES, INSTITUTIONAL RESEARCH AND DEAN'S OFFICE. FORM 990 REVIEW PROCESS FORM 990, PART VI, SECTION B, QUESTION 11A THE UNIVERSITY'S FISCAL YEAR END IS JUNE 30. THE AUDITED FINANCIAL STATEMENTS ARE FINALIZED IN LATE OCTOBER DUE TO THE TIME IT TAKES TO VALUE ENDOWMENT ASSETS. DURING NOVEMBER AND DECEMBER A TAX COMMITTEE CONSISTING OF UNIVERSITY GENERAL COUNSEL, ASSOCIATE VICE PRESIDENT FOR FINANCE AND MANAGER OF FINANCIAL REPORTING MEET TO DISCUSS ANY SIGNIFICANT CHANGES IN POLICIES, GOVERNANCE, MANAGEMENT AND OTHER ACTIVITY. IN ADDITION, THE FINANCE OFFICE REACHES OUT TO OTHER DEPARTMENTS SUCH AS ACADEMIC AFFAIRS, UNIVERSITY RELATIONS, AND ADMISSIONS TO DETERMINE POTENTIAL FILING ACTIVITY. DURING JANUARY AND FEBRUARY THE FINANCE OFFICE WORKS WITH THE EXTERNAL AUDITORS TO COMPLETE A DRAFT DOCUMENT FOR THE FEBRUARY AUDIT COMMITTEE MEETING. THE DOCUMENT IS PROVIDED TO EACH MEMBER OF THE AUDIT COMMITTEE AND DISCUSSED DURING THE MEETING. THE CHAIR OF THE AUDIT COMMITTEE WILL SUMMARIZE THE REVIEW TO THE FULL BOARD OF TRUSTEES THE FOLLOWING DAY. THE FINAL RETURN IS FILED IN MAY WITH A COPY OF THE FINAL RETURN PROVIDED ELECTRONICALLY TO EACH VOTING MEMBER OF THE GOVERNING BOARD. CONFLICT OF INTEREST POLICY FORM 990, PART VI, SECTION B, QUESTION 12C THE UNIVERSITY POSTS ITS CONFLICT OF INTEREST POLICY ON ITS WEBSITE AND REQUIRES QUESTIONNAIRE COMPLETION FROM UNIVERSITY FACULTY, STAFF AND TRUSTEES ON AN ANNUAL BASIS. FACULTY AND STAFF QUESTIONNAIRES ARE COLLECTED ELECTRONICALLY THROUGH NETWORK SIGN ON. CONFLICT OF INTEREST QUESTIONNAIRES FROM OFFICERS, TRUSTEES, AND KEY EMPLOYEES ARE COLLECTED BY THE SECRETARY OF THE UNIVERSITY AND REVIEWED BY LEGAL COUNSEL. RESPONSES ARE MONITORED BY THE UNIVERSITY GENERAL COUNSEL IN CONJUNCTION WITH THE PRESIDENT'S OFFICE. ANY SUPERVISOR RECEIVING NOTICE OF A POTENTIAL CONFLICT OF INTEREST SHALL DETERMINE WHETHER THE SITUATION PRESENTS A POTENTIAL CONFLICT OF INTEREST UNDER THIS POLICY AND DOCUMENT THEIR DETERMINATION IN WRITING. UNLESS THE SUPERVISOR IS ABLE TO CLEARLY DETERMINE THAT NO SUCH CONFLICT EXISTS OR IN THE CASE THAT THE INDIVIDUAL DISAGREES WITH THE SUPERVISOR'S DECISIONS, THE SUPERVISOR SHALL REQUIRE THE INDIVIDUAL TO DISCLOSE THE SITUATION IN WRITING AND THE SUPERVISOR AND/OR INDIVIDUAL SHALL FORWARD THAT DESCRIPTION TO AN APPROPRIATE VICE PRESIDENT OR SENIOR OFFICER OF THE UNIVERSITY. THE SUPERVISOR SHALL NOT PERMIT ANY INDIVIDUAL TO PARTICIPATE IN THE QUESTIONABLE ACTIVITY UNLESS AND UNTIL A VICE PRESIDENT OR SENIOR OFFICER OF THE UNIVERSITY HAS REVIEWED THE ACTIVITY AND CONFIRMED IN WRITING THAT THE ACTIVITY MAY CONTINUE AND/OR THAT THERE ARE RELEVANT SAFEGUARDS IN PLACE TO PROTECT THE UNIVERSITY. ANY INDIVIDUAL WHO DISAGREES WITH A CONFLICT-RELATED DECISION OF ANY VICE PRESIDENT OR SENIOR OFFICER MAY SEEK REVIEW BY THE PRESIDENT OF THE UNIVERSITY WHOSE DECISION SHALL BE FINAL. ON AN ANNUAL BASIS THE UNIVERSITY DISTRIBUTES AND REQUIRES INDIVIDUALS TO COMPLETE A STATEMENT A)CONFIRMING THAT THEY HAVE READ AND UNDERSTOOD THE CONFLICT OF INTEREST POLICY AND B) THAT THEY HAVE NO KNOWLEDGE OF ANY CONFLICT OF INTEREST EXCEPT FOR THOSE APPROPRIATELY DISCLOSED UNDER THE POLICY. COMPENSATION POLICY FORM 990, PART VI, SECTION B, QUESTION 15B WESLEYAN UNIVERSITY'S SALARY ADMINISTRATION IS DESIGNED TO ACCOMPLISH THREE MAJOR OBJECTIVES: - ATTRACT AND RETAIN HIGHLY QUALIFIED STAFF MEMBERS; - LINK COMPENSATION TO PERFORMANCE; AND - PROMOTE CONSISTENCY AND AN INTERNALLY EQUITABLE RELATIONSHIP BETWEEN SALARY AND RESPONSIBILITIES. A COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES, COMPOSED OF THREE MEMBERS AND CHAIRED BY THE CHAIR OF THE BOARD OF TRUSTEES, IS RESPONSIBLE FOR EVALUATING THE COMPENSATION REASONABLENESS FOR ALL OFFICERS AND KEY EMPLOYEES AS DETERMINED FROM TIME TO TIME. THE COMMITTEE REVIEWS THE PERFORMANCE APPRAISAL OF THE PRESIDENT BY THE BOARD, DETERMINES THE COMPENSATION OF THE PRESIDENT, AND SETS GOALS AND PERFORMANCE MEASURES FOR THE FOLLOWING YEAR. THE COMMITTEE BEGINS DISCUSSION IN THE SECOND HALF OF THE ACADEMIC YEAR. WESLEYAN PARTICIPATES IN AN ANNUAL SURVEY OF ITS PEERS CONDUCTED BY A PRIVATE CONSULTANT. THIS PROCESS ENSURES THAT THE UNIVERSITY REMAINS CONSISTENT WITH THE REGULATORY AND LEGAL REQUIREMENTS OF COMPENSATION IN A 501(C)3 NON-PROFIT ORGANIZATION. THE PROCESS FOR DETERMINING THE COMPENSATION OF THE PRESIDENT MEETS THE THREE REQUIREMENTS OF THE REBUTTABLE PRESUMPTION STANDARD. THE COMPENSATION ARRANGEMENT IS APPROVED IN ADVANCE BY THE ORGANIZATION'S EXECUTIVE COMPENSATION COMMITTEE. THE COMMITTEE IS APPOINTED BY THE BOARD OF TRUSTEES FOR THE PURPOSE OF ASSISTING THE BOARD TO FULFILL ITS RESPONSIBILITY TO THE ORGANIZATION AND THE COMMUNITY TO ENSURE THE COMPENSATION IS IN ACCORDANCE WITH THE ORGANIZATION'S POLICIES. PRIOR TO MAKING ANY COMPENSATION DECISIONS, THE EXECUTIVE COMPENSATION COMMITTEE OBTAINS AND RELIES UPON APPROPRIATE DATA AS TO COMPARABILITY. THE COMMITTEE UTILIZES LOCAL AND NATIONAL COMPENSATION SURVEYS TO SET COMPENSATION LEVELS. FINALLY, THE EXECUTIVE COMPENSATION COMMITTEE ADEQUATELY AND TIMELY DOCUMENTS THE BASIS FOR SETTING COMPENSATION CONCURRENTLY WITH THE MAKING OF THE DETERMINATION. PUBLIC DISCLOSURE FORM 990, PART VI, SECTION C, QUESTION 19 THE UNIVERSITY POSTS ITS GOVERNING DOCUMENTS ON ITS WEBSITE AT WWW.WESLEYAN.EDU/GENERALCOUNSEL. IN ADDITION, THE UNIVERSITY'S AUDITED FINANCIAL STATEMENTS ARE ON ITS WEBSITE AT WWW.WESLEYAN.EDU/FINANCE. THE UNIVERSITY'S FORM 990 IS POSTED ON WWW.GUIDESTAR.ORG. THE FORM 990, AUDITED FINANCIAL STATEMENTS AND GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST. OTHER CHANGES IN NET ASSETS FORM 990, PART XI, LINE 5 POST RETIREMENT BENEFIT OBLIGATION CHANGES 1,454,000 CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS (729,000) ----------- TOTAL 725,000 Charitable Remainder Trust (3) INVESTING CT NA TRUST Charitable Remainder Unitrust (11) INVESTING CT NA TRUST Charitable Remainder Unitrust (2) INVESTING FL NA TRUST Pooled Income Fund (2) INVESTING CT NA TRUST false false false false false false false false false false false false false false false false true true CHARITABLE REMAINDER UNITRUST S 1850018 FMV