2014-04-11T17:48:44-05:00 2013-05-31 161131146 BONADIO & CO LLP 171 SULLYS TRAIL SUITE 201 PITTSFORD NY 14534 990 2012-06-01 160743045 HOUGHTON COLLEGE HOUG 5855679312 1 WILLARD AVENUE HOUGHTON NY 14744 DAVID SMITH 5855679312 2014-04-05 1 JEAN CLOSE P01346943 5853811000 2012 2015-11-30 17:44:51Z DR SHIRLEY MULLEN 1 WILLARD AVENUE HOUGHTON NY 14744 51225209 0 X WWW.HOUGHTON.EDU X 1883 NY HOUGHTON COLLEGE PROVIDES AN ACADEMICALLY CHALLENGING, CHRIST-CENTERED EDUCATION IN THE LIBERAL ARTS AND SCIENCES TO STUDENTS FROM DIVERSE TRADITIONS AND ECONOMIC BACKGROUNDS AND EQUIPS THEM TO LEAD AND LABOR AS SCHOLAR-SERVANTS IN A CHANGING WORLD. 32 30 1565 0 73125 0 10727932 12555100 38269715 36406303 479955 869320 914293 892060 50391895 50722783 12508699 12228911 0 0 19053945 16067549 0 38494 1025877 13937012 15155194 45499656 43490148 4892239 7232635 90582578 101928707 29364568 28103979 61218010 73824728 X HOUGHTON COLLEGE PROVIDES AN ACADEMICALLY CHALLENGING, CHRIST-CENTERED, EDUCATION IN THE LIBERAL ARTS AND SCIENCES TO STUDENTS FROM DIVERSE TRADITIONS AND ECONOMIC BACKGROUNDS AND EQUIPS THEM TO LEAD AND LABOR AS SCHOLAR-SERVANTS IN A CHANGING WORLD. 0 0 23959629 12228911 29399335 INSTRUCTION-FACULTY SALARIES, SCHOLARSHIPS, FINANCIAL AID AND OTHER COSTS FOR INSTRUCTION. 5235703 7830774 AUXILIARY ENTERPRISES-STUDENT HOUSING, FOOD SERVICES, CAMPUS STORE, AND OTHER. 6403836 STUDENT SERVICES-STUDENT LIFE, ATHLETICS, ADMISSIONS, AND OTHER STUDENT SERVICES. 2766070 ACADEMIC SUPPORT AND COMMUNITY SERVICE 2766070 38365238 1 1 0 0 0 0 0 1 0 1 1 1 0 1 1 1 0 1 1 1 1 0 0 1 0 0 0 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 1 X 1747 0 1 1565 1 1 1 1 UK TZ CA CJ AS 0 0 0 0 0 0 0 0 X 32 30 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 0 1 1 0 X DAVID SMITH 5855679312 1 WILLARD AVE HOUGHTON NY 14744 DAVID BABB 1.00 X 0 0 0 GARY BAHLER 1.00 X 0 0 0 EVELYN BARNETT 1.00 X 0 0 0 KEVIN BATMAN 1.00 40.00 X 0 97743 30568 ROBERT DAVIDSON 1.00 X 0 0 0 JOHN GILLETTE 1.00 X 0 0 0 ANTHONY GRAHAM 1.00 X 0 0 0 CAROLE HAMM 1.00 X 0 0 0 STANLEY HOOVER 1.00 X 0 0 0 DAVID IRWIN 1.00 X 0 0 0 JOSEPH JENNINGS 1.00 X 0 0 0 KELVIN JONES 1.00 X 0 0 0 WILLIAM JONES 1.00 X 0 0 0 RAY KALTENBAUGH 1.00 X 0 0 0 KEVIN KNOWLTON 1.00 X 0 0 0 GARY LARDER 1.00 X 0 0 0 JOHN LEE 1.00 X 0 0 0 J ANTHONY LLOYD 1.00 X 0 0 0 JOHN LYON 1.00 X X 0 0 0 JEFFREY MANSELL 1.00 X 0 0 0 C DAVID MARKLE 1.00 X 0 0 0 GREG MCCLAIN 1.00 X 0 0 0 SHIRLEY MULLEN 40.00 X X 193856 0 17656 HARRIETT OLSON 1.00 X 0 0 0 BRENT RUSSETT 1.00 X 0 0 0 CLIFTON SEAMAN 1.00 X 0 0 0 TERRY SLYE 1.00 X X 0 0 0 BOBBIE STRAND 1.00 X X 0 0 0 DAVID WHITE 1.00 X X 0 0 0 HARRY WOOD 1.00 X 0 0 0 RUTH WOODWARD 1.00 X 0 0 0 ELWOOD ZIMMERMAN 1.00 X 0 0 0 DALE WRIGHT 40.00 X 97721 0 11862 DAVID SMITH 40.00 X 0 0 0 291577 97743 60086 1 0 1 0 SODEXO INC & AFFILIATES 1 WILLARD AVENUE HOUGHTON NY 14744 FOOD SERVICE 3277479 GREENAUER BLACKTOP INC 391 FRENCH ROAD WEST SENECA NY 14224 CONSTRUCTION SERVICES 852330 KEYSTONE ASSOCIATES 58 EXCHANGE STREET BINGHAMTON NY 13901 ARCHITECTURAL SERVICES 381451 STREETER ASSOCIATES INC 101 EAST WOODLAWN AVENUE ELMIRA NY 14902 CONSTRUCTION SERVICES 336896 TRANSFORMATIONAL INITIATIVES GO ED PROGR 2307 MARKET STREET HARRISBURG PA 17103 EDUCATIONAL SERVICES 165300 5 1190969 436070 10928061 624444 12555100 TUITION AND FEES 611600 28727904 28727904 AUXILIARY ENTERPRISES 611710 7678399 7605274 73125 36406303 864449 864449 4871 0 4871 4871 4871 740482 502426 238056 238056 MISCELLANEOUS 611710 654004 654004 654004 50722783 37230109 73125 864449 12228911 12228911 374679 299744 74935 11737727 9567657 1683773 486297 212521 168554 36786 7181 2952531 2364735 472914 114882 790091 601992 156238 31861 32881 32881 68958 68958 38494 38494 2330461 466276 1829168 35017 413925 386542 9473 17910 1463392 809982 575351 78059 327342 172468 154874 836 836 1850751 759298 1091453 1196367 998944 121192 76231 141606 71298 62380 7928 1031367 950017 81350 25660 25660 2399202 2123024 276178 182153 73040 109113 FOOD 2049902 2049902 SPECIAL PROGRAMS AND PR 973935 900544 50103 23288 MISCELLANEOUS 486077 272491 212921 665 AUXILIARY SERVICES 180379 180379 3218348 -3251477 33129 43490148 38365238 4099033 1025877 5892007 5754883 961020 473969 1849911 1500132 2246277 2226410 251748 257711 489855 411130 68428800 36718302 30862372 31710498 28974550 43428780 14128953 10558732 215726 174823 4710159 5431639 90582578 101928707 3445290 2851342 120000 90000 979075 838414 130047 33917 24690156 24290306 29364568 28103979 X 15219441 15188726 12265396 24480824 33733173 34155178 61218010 73824728 90582578 101928707 X 7232635 5276474 97609 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X 0 37500578 1076365 5489630 1542474 42524099 40170853 759665 -1996334 1433606 37500578 34152289 215434 7315071 1511941 40170853 30508920 414894 4385758 1157283 34152289 42338558 159910 -11074113 915435 30508920 0.02070 0.80100 0.17830 1 0 958032 958032 50965277 26936028 24029249 9398236 7269548 2128688 7107255 2512726 4594529 31710498 ALTERNATIVE INVESTMENTS 8213552 F POOLED INVESTMENT TRUSTS 2345180 F 10558732 SPLIT INTEREST AGREEMENTS 5256938 BENEFICIAL INTEREST IN NET ASSETS OF WILLARD J. HOUGHTON FOUNDATION 174701 5431639 FUNDS HELD ON BEHALF OF OTHERS 2165389 OBLIGATIONS UNDER SPLIT INTEREST AGREEMENTS 3208781 OTHER LIABILITIES 603948 SECURED NOTE PAYABLE TO RELATED ORGANIZATION 18312188 24290306 X 44370381 5276474 -12131302 -6854828 51225209 -502426 -502426 50722783 31763663 502426 502426 31261237 12228911 12228911 43490148 PART III, LINE 1A: COLLECTION ITEMS IN THE HOUGHTON COLLEGE ART COLLECTION ARE HELD FOR PUBLIC EXHIBITION, EDUCATION, OR RESEARCH IN FURTHERANCE OF PUBLIC SERVICE AND ARE NOT CAPITALIZED. CONTRIBUTIONS OF COLLECTION ITEMS ARE NOT RECOGNIZED IN THE CONSOLIDATED STATEMENT OF ACTIVITIES. ALL PROCEEDS FROM THE SALE OF COLLECTION ITEMS ARE USED TO ACQUIRE OTHER ITEMS FOR THE COLLECTION. DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: DEPARTMENTAL PROJECTS, SCHOLARSHIPS TO STUDENTS AND STUDENT LOANS. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X, LINE 2: THE TAX-EXEMPT STATUS OF THE ORGANIZATION IS CONSIDERED TO BE AN UNCERTAINTY, SINCE EVENTS COULD POTENTIALLY OCCUR TO JEOPARDIZE THEIR TAX-EXEMPT STATUS. AS OF MAY 31, 2013 AND 2012, THE ORGANIZATION DID NOT HAVE A LIABILITY FOR UNRECOGNIZED TAX BENEFITS. THE ORGANIZATION FILES INFORMATIONAL TAX RETURNS IN THE U.S. FEDERAL JURISDICTION. THE ORGANIZATION IS NO LONGER SUBJECT TO U.S. FEDERAL AND STATE INCOME TAX EXAMINATIONS BY TAX AUTHORITIES FOR YEARS THROUGH 2009. PART XI, LINE 2D - OTHER ADJUSTMENTS: SCHOLARSHIPS AND GRANTS -12,228,911. CHANGE IN BENEFICIAL INT. IN NET ASSETS OF WILLARD J. HOUGHTON FOUNDATION 113,159. CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS -15,550. PART XI, LINE 4B - OTHER ADJUSTMENTS: COST OF GOODS SOLD -502,426. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 502,426. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS AND GRANTS 12,228,911. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 EXPLANATION OF NONDISCRIMINATORY POLICY PUBLICATION SCHEDULE E, PART I, LINE 3 THE COLLEGE PUBLICIZES THE NONDISCRIMINATORY POLICY DURING OUR REGISTRATION PERIOD ON OUR APPLICATION FOR ADMISSION, IN OUR COLLEGE CATALOG, IN SEVERAL PLACES ON THE COLLEGE WEBSITE AT WWW.HOUGHTON.EDU AND IN OUR STUDENT GUIDE FOR ENROLLING STUDENTS. COLLEGE MEDIA RECRUITMENT EFFORTS ARE PRIMARILY ELECTRONIC AND AS SUCH, POINT PROSPECTIVE STUDENTS TO THE COLLEGE WEB SITE WHERE THIS POLICY IS NOTED SEVERAL TIMES. EXPLANATION OF GOVERNMENT FINANCIAL ASSISTANCE SCHEDULE E, PART I, LINE 6 THE COLLEGE RECEIVES MULTIPLE FEDERAL AWARDS FROM THE DEPARTMENT OF EDUCATION IN THE FORM OF STUDENT FINANCIAL AID. THIS INCLUDES GRANT PROGRAMS AS WELL AS GOVERNMENT LOANS FOR STUDENTS TO TAKE OUT TOWARDS THE COST OF ATTENDENCE. EUROPE 0 5 PROGRAM SERVICES VARIOUS SEMESTER LONG ACADEMIC COURSES AND 3 WEEK TRAVEL COURSES 208819 SUB-SAHARAN AFRICA 1 6 PROGRAM SERVICES VARIOUS SEMESTER LONG ACADEMIC COURSES, AND RESEARCH PROJECTS. 345522 CENTRAL AMERICA 0 1 PROGRAM SERVICES 3 WEEK ACADEMIC TRAVEL COURSE 42804 SOUTH AMERICA 0 1 PROGRAM SERVICES 3 WEEK ACADEMIC TRAVEL COURSE 39957 EAST ASIA AND THE PACIFIC 0 3 PROGRAM SERVICES VARIOUS SEMESTER LONG ACADEMIC COURSES, AND RECRUITING TRIPS 83994 CAYMAN ISLANDS 0 0 INVESTMENT POINTER OFFSHORE LTD 4444339 1 16 0 0 1 16 5165435 0 5165435 0 0 0 0 0 0 X X X X X 1 STROMAN & ASSOCIATES PO BOX 4012 BARTLESVILLE OK 74006 ACTED AS INTERIM VP OF ADVANCEMENT 0 135538 28661 106877 NORMAN EDWARDS 814 WEST EMERSON STREET SEATTLE WA 98119 ASSISTED IN TRANSITION TO NEW VP OF ADVANCEMENT 0 0 9833 -9833 135538 38494 97044 NY 1 ATHLETIC SCHOLARSHIPS 80 514153 ENDOWED GRANTS AND SCHOLARSHIPS 293 738568 MERIT BASED SCHOLARSHIPS 849 5470651 NEED BASED GRANTS AND SCHOLARSHIPS 919 4078260 FEDERAL SEOG GRANTS 177 84339 SPECIAL CATEGORY GRANTS AND SCHOLARSHIPS 681 1342940 A FILE IS CREATED FOR EACH GRANTEE. WE DETERMINE EACH STUDENT'S DEMONSTRATED FINANCIAL NEED BASED ON THEIR COST OF ATTENDANCE MINUS EXPECTED FAMILY CONTRIBUTION ACCORDING TO THE INSTITUTIONAL STUDENT INFORMATION RECORD FROM THE FEDERAL PROCESSOR. WE ATTEMPT TO MEET EACH STUDENT'S DEMONSTRATED NEED WITH A COMBINATION OF MERIT-BASED SCHOLARSHIPS, NEED-BASED GRANTS, FEDERAL COLLEGE WORK-STUDY, AND STUDENT LOANS. FINANCIAL AID MAY BE AWARDED FROM FEDERAL, STATE, INSTITUTIONAL, AND PRIVATE SOURCES. WE MONITOR AND MAINTAIN COMPLIANCE WITH ALL FEDERAL, STATE, AND INSTITUTIONAL FINANCIAL AID POLICIES AND PROCEDURES. IN ADDITION, THE COLLEGE MONITORS AND MAINTAINS SEPARATE FUND ACCOUNTS FOR EACH AWARD CATEGORY AND PROVIDES THE NECESSARY REPORTS TO THE FEDERAL AND STATE AGENCIES. X X 1 1 X X X X 0 0 0 0 0 0 0 0 0 SHIRLEY MULLEN 193856 0 0 0 0 0 5570 0 12086 0 211512 0 0 0 SUPPLEMENTAL INFORMATION PART III PART I, LINE 1A, TRAVEL FOR COMPANIONS: PER PRESIDENTIAL CONTRACT, SPOUSAL TRAVEL TO TAKE PART IN COLLEGE FUNCTIONS TO THE EXTENT APPROVED BY THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES AS BEING APPROPRIATE AND BENEFICIAL TO THE COLLEGE. X 5 161987 AVG. HI/LOW DATE RECEIVE X 1 442457 ASSIGNMENT OF NET ASSETS X HORSE 1 20000 QUALIFIED APPRAISER 0 1 0 FORM 990, PART VI, SECTION A, LINE 2 DR. JOANNE LYON, GENERAL SUPERINTENDENT OF THE WESLEYAN CHURCH, SERVES AS LIASON FOR THE WESLEYAN COLLEGES AND UNIVERSITIES. SHE ATTENDS ONE BOARD MEETING PER YEAR. HER SON, JOHN LYON, IS ON THE HOUGHTON BOARD. JOANNE LYON IS NOT A VOTING MEMBER OF THE BOARD. HER SON JOHN IS A VOTING MEMBER. FORM 990, PART VI, SECTION B, LINE 11 FORM 990 IS PROVIDED IN DRAFT FORMAT TO THE AUDIT COMMITTEE FOR REVIEW. UPON APPROVAL, IT IS SUBMITTED WITH A RECOMMENDATION OF APPROVAL TO THE BOARD OF TRUSTEES WITH A PERIOD FOR PROVIDING COMMENTS, EDITS AND CORRECTIONS PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C EACH YEAR THE MEMBERS OF THE BOARD OF TRUSTEES AND SENIOR ADMINISTRATORS COMPLETE AND SIGN A FORM DISCLOSING ANY CONFLICT OF INTEREST. IF THERE IS A CONFLICT OF INTEREST ON A MATTER UNDER CONSIDERATION AT A BOARD MEETING, THE TRUSTEE IS NOT ALLOWED TO VOTE ON THE MATTER. THE MINUTES OF THE MEETING WILL DOCUMENT THAT THE TRUSTEE HAVING THE CONFLICT OF INTEREST ABSTAINED FROM VOTING. FORM 990, PART VI, SECTION B, LINE 15 FOR THE DETERMINATION OF COMPENSATION OF THE COLLEGE'S PRESIDENT, ALL MEMBERS OF THE EXECUTIVE COMMITTEE OF THE BOARD AS WELL AS THE FULL BOARD (SAVE THE PRESIDENT, WHO WOULD NOT BE PRESENT AT THESE DELIBERATIONS) WOULD BE INDEPENDENT TRUSTEES, I.E. THEY ARE NOT EMPLOYEES OF THE COLLEGE, NOR MARRIED TO EMPLOYEES, AND NONE OF THEM HAVE BUSINESS RELATIONSHIPS WITH THE COLLEGE THAT AFFECTS THEIR INDEPENDENCE. THE PROCESS IS AS FOLLOWS: 1. COMPARATIVE EXECUTIVE COMPENSATION DATA IS GATHERED FROM SEVERAL SOURCES: GUIDESTAR, COALITION OF CHRISTIAN COLLEGES AND UNIVERSITIES, BENTZ, WHALEY, FLESSNER (CONSULTING FIRM) AND NEW YORK STATE PRIVATE COLLEGES. 2. THE BOARD OF EXECUTIVE COMMITTEE (EXCLUDING THE PRESIDENT) REVIEWS THE COMPARATIVE COMPENSATION DATA AND MAKES A CONTRACT RECOMMENDATION TO THE FULL BOARD. 3. THE FULL BOARD MEETS IN EXECUTIVE SESSION (EXCLUDING THE PRESIDENT) TO DISCUSS THE RECOMMENDED CONTRACT AND VOTES ON THE FINAL CONTRACT. DOCUMENTATION OF THE RECOMMENDATION APPEARS IN THE BOARD EXECUTIVE COMMITTEE MINUTES AND DOCUMENTATION OF FULL BOARD APPROVAL APPEARS IN THE BOARD MINUTES. FOR DETERMINATION OF COMPENSATION FOR OTHER OFFICERS AND KEY EMPLOYEES, COMPARISON SALARY DATA IS PROVIDED DIRECTLY TO THE PRESIDENT BY THE HUMAN RESOURCES OFFICE. THE PRESIDENT THEN AUTHORIZES A CERTAIN SALARY BASED ON BOTH EXTERNAL COMPARISON AND INTERNAL COMPARISON WITH OTHER VICE PRESIDENTS. THIS SALARY INFORMATION IS SHARED WITH THE EXECUTIVE COMMITTEE/COMPENSATION COMMITTEE OF THE BOARD. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, THE CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE FOR PUBLIC INSPECTION UPON REQUEST. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 9: CHANGE IN BENEFICIAL INT. IN NET ASSETS OF WILLARD J. HOUGHTON FOUNDATION 113,159. CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS -15,550. WILLARD J HOUGHTON FOUNDATION 1 WILLARD AVE HOUGHTON NY 14744 222325519 SUPPORT OF COMMUNITY NY 501(C)(3) LINE 9 HOUGHTON COLLEGE 1 HOUGHTON ACADEMY 9790 THAYER ST HOUGHTON NY 14744 160838072 SECONDARY EDUCATION NY 501(C)(3) LINE 2 HOUGHTON COLLEGE 1 THE WESLEYAN INVESTMENT FUND INC PO BOX 7250 13300 OLIO RD FISHERS IN 46037 351775757 CHURCH LENDING INSTITUTION IN 501(C)(3) LINE 1 THE WESLEYAN CHURCH CORPORATION 0 THE WESLEYAN CHURCH CORPORATION 13300 OLIO RD FISHERS IN 46037 351148762 CHURCH IN 501(C)(3) LINE 1 N/A 0 0 0 1 1 1 0 0 0 0 0 1 0 0 1 1 0 1 0 0 THE WESLEYAN INVESTMENT FOUNDATION E 18312188 OUTSTANDING PRINCIPAL BALANCE THE WESLEYAN CHURCH CORPORATION C 1190969 VALUE OF CASH