2014-03-25T10:51:55-05:00 2013-06-30 GRANT THORNTON LLP 8300 THORN DRIVE SUITE 300 WICHITA KS 672262708 990 2012-07-01 480547702 Friends University % JULIA CAPPS CONTROLLER FRIE 3162955000 2100 W University Avenue Suite Wichita KS 672133379 RANDY DOERKSEN 3162955000 2014-03-18 true Rebecca Zecha 3162653231 2012 2015-11-30 17:44:51Z Dr TJ Arant 2100 W University Avenue Wichita KS 672133379 59358994 false X www.friends.edu X 1898 KS INFORMED BY QUAKER HERITAGE AND ROOTED IN LIBERAL ARTS AND Christian TRADITION, THE MISSION OF FRIENDS UNIVERSITY IS to prepare STUDENTS TO ADAPT TO CHANGE and MAKE A DIFFERENCE IN THE WORLd. 19 16 1254 113 14526 13526 3012079 2966172 41734221 39449348 1200937 5013544 134858 128642 46082095 47557706 9128681 8661354 0 0 22015550 21592667 0 0 989991 14332464 13675391 45476695 43929412 605400 3628294 124865000 127949000 24500000 23480000 100365000 104469000 X WE ARE INFORMED BY THE QUAKER HERITAGE OF FRIENDS UNIVERSITY. WE ALSO ARE ROOTED IN BOTH THE LIBERAL ARTS TRADITION AND IN THE CHRISTIAN INTELLECTUAL TRADITION. BECAUSE OF THESE ROOTS, WE INSIST THAT OUR STUDENTS LEARN, INSIDE AND OUTSIDE THE CLASSROOM, TO INTEGRATE THEIR INTELLECTUAL LIVES WITH THEIR SOCIAL AND SPIRITUAL LIVES IN WAYS THAT WILL IMPROVE THE WORLD. IN DOING OUR WORK AUTHENTICALLY, WE PREPARE OUR STUDENTS TO ADAPT TO CHANGE AND TO MAKE A DIFFERENCE. OUR PURPOSE INCLUDES THE FOLLOWING: TO PROVIDE THE OPPORTUNITY FOR HIGH-QUALITY LEARNING EXPERIENCES; TO ENCOURAGE EXPLORATION OF VALUES - PERSONAL, ETHICAL, RELIGIOUS, AND PROFESSIONAL - AS ENRICHED BY THE CHRISTIAN FAITH; TO PROVIDE A LIBERAL ARTS FOUNDATION THAT WILL PREPARE STUDENTS FOR LIFE IN A DIVERSE AND CHANGING WORLD; TO PROVIDE LIBERAL ARTS AND PROFESSIONAL OFFERINGS TO A DIVERSE POPULATION OF STUDENTS IN DELIVERY MODES THAT ARE APPROPRIATE AND VARIED; AND TO PROVIDE A LEARNING ENVIRONMENT THAT ENCOURAGES OPEN COMM false false 8008171 236507 9114209 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. STUDENT ENROLLMENT IN THIS COLLEGE FOR THE FALL OF 2012 WAS 843 STUDENTS WITH AN FTE OF 525 STUDENTS. IN Academic Year 2012, 352 COLLEGE OF ADULT AND PROFESSIONAL STUDIES STUDENTS WERE AWARDED DEGREES. 8468473 234468 8864192 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 (LENEXA AND TOPEKA), IN MAY 2012, THE GRADUATE SCHOOL GRADUATED 281 MASTERS STUDENTS AND AWARDED 14 SIX SIGMA GREEN BELT CERTIFICATIONS. THE GRADUATE COLLEGE HAD A FALL 2012 TOTAL HEADCOUNT OF 733 STUDENTS WITH AN FTE OF 537 STUDENTS. 20864209 8190379 19003310 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 and INTEGRATE THEIR EDUCATION BEYOND THE CLASSROOM THROUGH INTERNSHIPS, RESEARCH PROJECTS, STUDY ABROAD, PARTICIPATION IN ATHLETICS OR PERFORMING ARTS, AND IN STUDENT ORGANIZATIONS. THE COLLEGE HAD A FALL 2012 HEADCOUNT OF 895 STUDENTS WITH An FTE OF APPROXIMATELY 880 STUDENTS. IN MAY 2012, 190 DEGREES WERE AWARDED. 1458737 2164259 Student Housing and Food Services 278173 235520 Postage, print, and copy services 139737 Bookstore commissions 320326 36346 APRENTIS Institute 2057236 2575862 39398089 true true false false false false false true false true true true 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 81 0 true 1254 true true true true CJ false false false true true false false false false X 19 16 false false false false false false false true true false true true true true true true false true true true false X JULIA CAPPS CONTROLLER 3162955678 2100 W UNIVERSITY AVENUE WICHITA KS 672133379 X John Lewis 10.0 X X 0 0 0 Kelly Linnens 5.0 X X 0 0 0 Cliffton Loesch 5.0 X X 0 0 0 Rodney Pitts 5.0 X X 0 0 0 Eldon Alexander 1.0 X 0 0 0 Craig Bay 1.0 X 0 0 0 Marilyn Brown 1.0 X 0 0 0 Pam Chambers 1.0 X 0 0 0 Ardith Dunn 1.0 X 0 0 0 Richard Fitzgerald 1.0 X 0 0 0 Duane Hansen 1.0 X 0 0 0 Denis Knight 1.0 X 0 0 0 Jana Mullen 1.0 X 0 0 0 Shelly Prichard 1.0 X 0 0 0 Edwin Roberts 1.0 X 0 0 0 Carl Sebits 1.0 X 0 0 0 Rebecca Twietmeyer 1.0 X 0 0 0 Michael Wilson 1.0 X 0 0 0 TJ Arant 45.0 X X 202659 0 45962 Randy Doerksen 45.0 X 145352 0 44395 Darcy Zabel 45.0 X 123331 0 16532 Steve Klein 45.0 X 133595 0 19509 Carole Obermeyer 45.0 X 132246 0 19710 Dixie Madden 45.0 X 104309 0 23963 841492 0 170071 6 false true false Armstrong Chamberlin 7450 South Seneca St HAYSVILLE KS 670607642 Advertising 620422 IMA of Ks 8200 E 32nd Street North WICHITA KS 67226 Insurance Broker 113882 Strata Information Group 3935 Harney St Suite 203 SAN DIEGO CA 92110 IT Consulting 187293 3 X 79527 147923 2738722 2966172 TUITION & FEES 611600 36632404 36632404 AUXILIARY 611710 2566306 2566306 SALES & SERVICES 900099 243868 243868 INVESTMENT INCOME - PROGRAM RELATED 900099 6770 6770 39449348 1012338 1012338 0 20980 20980 49808 51583 -1775 0 -1775 14526 -16301 15686909 400 11674634 11469 4012275 -11069 4001206 4001206 5771 79527 63602 -57831 -57831 0 0 MISCELLANEOUS REVENUE 900099 108225 108225 CHANNEL LEASE REVENUE 900099 32000 32000 VENDING REVENUE 900099 27043 27043 167268 47557706 39557573 14526 5019435 0 8661354 8661354 0 0 913979 209548 567793 136638 0 16304043 15075057 759871 469115 670845 572561 65806 32478 2348538 2043994 214695 89849 1355262 1206733 103697 44832 0 83838 78433 5405 67414 67414 0 0 336357 336357 1735440 1607363 83604 44473 786163 762178 11215 12770 1296627 1130482 38851 127294 1178282 935346 242936 0 1807358 1806558 201 599 740569 707119 20044 13406 0 60197 52940 5286 1971 506309 18489 487820 0 2545137 2290623 254514 242871 128832 114039 STUDENT FEES 648077 648077 STUDENT BOARD PLAN 647800 647800 PUBLICATIONS & SUBSCRIPTIONS 234263 229626 3479 1158 ITEMS FOR RE-SALE 138780 138780 619909 524629 85277 10003 43929412 39398089 3541332 989991 X 6024 5064 7640976 8791936 0 925000 7543000 6476000 0 0 0 0 0 0 0 0 0 0 81736803 28138803 54960000 53598000 33513000 39672000 13005000 10280000 0 0 0 0 8197000 8201000 124865000 127949000 2344000 2331000 0 0 2692000 2871000 16040000 14890000 0 0 0 0 0 0 0 0 3424000 3388000 24500000 23480000 X 63372000 63853000 3536000 4862000 33457000 35754000 100365000 104469000 124865000 127949000 X 3628294 475648 58 X false true X true true true X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 328800 X X false 40294000 2078000 4255000 1867100 71900 44688000 41686000 1909000 -1310000 1221000 770000 40294000 38141000 269000 5306000 1204000 826000 41686000 35616000 1475000 3247000 1387000 810000 38141000 44385000 1357000 -7887000 1295000 944000 35616000 0.28283 0.65608 0.06109 false false 2293696 2293696 58941788 15554559 43387229 14917759 9324988 5592771 5583560 3259256 2324304 53598000 10280000 F 10280000 CASH SURRENDER VALUE LIFE INS. 303000 FUNDS HELD BY TRUSTEE 500000 ART 328800 OTHER ASSETS 533200 INTEREST IN PERPETUAL TRUST 5744000 MINERAL INTERESTS 792000 8201000 0 ANNUITIES PAYABLE 282000 FED. PORTION PERKINS FUND DEP. 2100000 OBLIG. UNDER CAPITAL LEASE 227000 OTHER LIABILITIES 779000 3388000 X 39292000 475648 -8661354 -8185706 47477706 194156 -114156 80000 47557706 35188000 115185 115185 35072815 194156 8662441 8856597 43929412 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 $328,800. 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. Reconciliation of Revenue Schedule D, PART XI, LINE 2D Scholarships (8,661,354) Schedule D, PART XI, LINE 4B Rental Expense (51,583) Fundraising Expense (63,602) Rounding 1,029 --------- (114,156) Reconciliation of Expenses Schedule D, PART XII, LINE 2D Rental Expense 51,583 Fundraising Expense 63,602 ------- 115,185 Schedule D, PART XII, LINE 4B Scholarships 8,661,354 Rounding 1,087 --------- 8,662,441 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 2010. 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 of any race, color, national or ethnic origin, sex, age, or without regard to disability." The nondiscrimination statement is not expressly stated in 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 70048 70048 376 38258 Great Conv. 4191 1410 2781 1766 4748 5950 6084 1 11059 8069 2990 542 5878 85298 79527 5771 1766 5666 5950 50220 63602 -57831 true ACADEMIC SCHOLARSHIPS 752 3392500 ATHLETIC SCHOLARSHIPS 402 1543195 INSTITUTIONAL ENDOWED SCHOLARSHIPS 122 218398 INSTITUTIONAL FINE ARTS SCHOLARSHIPS 315 928775 INSTITUTIONAL GRANTS 313 693501 INSTITUTIONAL RESTRICTED SCHOLARSHIPS 53 71405 OTHER INSTITUTIONAL SCHOLARSHIPS/WAIVERS 490 1764713 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 198305 0 0 0 4354 0 7000 0 38962 0 248621 0 0 0 Randy Doerksen 144636 0 0 0 716 0 10472 0 33923 0 189747 0 0 0 Steve Klein 132712 0 0 0 883 0 0 0 19509 0 153104 0 0 0 Carole Obermeyer 131135 0 0 0 1111 0 9412 0 10298 0 151956 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. 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 500000 0 0 317623 0 16010627 0 0 0 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 false 31801 Scholarship Education 33156 Remission Education GRANTS AND ASSISTANCE TO INTERESTED PERSONS PART III SCHOLARSHIPS GIVEN TO INDIVIDUALS IN PART III OF SCHEDULE L ARE THE SAME SCHOLARSHIPS AVAILABLE TO ALL STUDENTS AND ADHERE TO THE SAME PROCEDURES AND QUALIFICATIONS. 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. 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. Other Changes in Net Assets Form 990, Part XI, Line 9 Rounding $58 Financial Accounts in Foreign Countries Form 990, Part V Line 4 The University's financial interest is within the confines of hedge investments only.