2014-11-11T07:24:08-06:00 2014-06-30 BKD LLP 200 E Main St Suite 700 Fort Wayne IN 46802 990 2013-07-01 350885591 INDIANA WESLEYAN UNIVERSITY % NANCY SCHOONMAKER INDI 7656772947 4201 S WASHINGTON STREET Suite MARION IN 46953 NANCY SCHOONMAKER CFO 7656772947 2014-11-17 true Joyce A Dulworth P00151125 7656772947 2013 2015-11-30 17:44:51Z NANCY SCHOONMAKER 4201 S WASHINGTON STREET MARION IN 46953 257965758 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. 25 20 5355 0 0 0 11014538 20780735 198931796 201348749 6457381 3737130 93879 313389 216497594 226180003 27314963 29189285 0 0 91424183 95072369 0 0 1627447 85490927 81073509 204230073 205335163 12267521 20844840 437048714 470903483 58116884 56324079 378931830 414579404 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 174413670 29084002 201348749 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. 174413670 true true false false false false false false false true true false false false true false false true true false false false false false false false false true true true true false false false false false false false false true true true false false false false true true true false false true 162 0 true 5355 true false false false false false false false false false X 25 20 true false false 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 ANTHES PAUL TRUSTEE 1.0 0.0 X 0 0 0 BICKEL DANIEL TRUSTEE 1.0 0.0 X 0 0 0 BOYLE DAVID TRUSTEE 1.0 0.0 X 0 0 0 BRAY JOHN TRUSTEE 1.0 0.0 X 0 0 0 CADY DON TRUSTEE 1.0 0.0 X 0 0 0 CARMICHAEL MICHAEL TRUSTEE 1.0 0.0 X 0 0 0 CONRAD CHRISTOPHER TRUSTEE 1.0 0.0 X 0 0 0 DENEFF STEVE TRUSTEE 1.0 0.0 X 0 0 0 ECKART MARK TRUSTEE 1.0 0.0 X 0 0 0 EMERY STEVEN TRUSTEE 1.0 0.0 X 0 0 0 EVANS MALCOLM TRUSTEE 1.0 0.0 X 0 0 0 FREEMAN JEFF TRUSTEE 1.0 0.0 X 0 0 0 HINES BARRY TRUSTEE 1.0 0.0 X 0 0 0 HOLLENBACK KAREN TRUSTEE 1.0 0.0 X 0 0 0 MEEKS MARK TRUSTEE 1.0 0.0 X 0 0 0 MYERS KEVIN TRUSTEE 1.0 0.0 X 0 0 0 OTT DONALD TRUSTEE 1.0 0.0 X 0 0 0 OTT GARY TRUSTEE 1.0 0.0 X 0 0 0 RAY PETRA TRUSTEE 1.0 0.0 X 0 0 0 SCHMIDT THOMAS TRUSTEE 1.0 0.0 X 0 0 0 SHEPHERD CARL TRUSTEE 1.0 0.0 X 0 0 0 SLOAN DALE TRUSTEE 1.0 0.0 X 0 0 0 SMITH EVRETT TRUSTEE 1.0 0.0 X 0 0 0 WILLIS ARON TRUSTEE 1.0 0.0 X 0 0 0 GREEN BARBARA TRUSTEE - UNTIL APRIL 2014 1.0 0.0 X 0 0 0 HALL NORRIS TRUSTEE 1.0 0.0 X 0 0 0 HOOVER ED TRUSTEE - UNTIL APRIL 2014 1.0 0.0 X 0 0 0 QUINN PAULA TRUSTEE - UNTIL DECEMBER 2013 1.0 0.0 X 0 0 0 STOREY JOHN TRUSTEE - UNTIL DECEMBER 2013 1.0 0.0 X 0 0 0 WRIGHT DAVID PRESIDENT - STARTED JULY 2013 40.0 0.0 X 190264 0 55348 KILTY DUANE CFO - UNTIL MARCH 2014 40.0 0.0 X 151291 0 28974 SCHOONMAKER NANCY CFO - STARTED MARCH 2014 40.0 0.0 X 0 0 0 HAHN AUDREY CEO/NON-RESIDENTIAL CAMPUS 40.0 0.0 X 129849 0 20062 NEWMAN J KEITH CEO/RESIDENTIAL CAMPUS 40.0 0.0 X 136414 0 31894 LINDSAY LARRY INTERIM PROVOST 40.0 0.0 X 117863 0 24332 SMITH HENRY PRESIDENT - UNTIL JUNE 2013 40.0 0.0 X 311938 0 59994 AITCHISON BRIDGET DEAN OF INTERNATIONAL PROGRAMS 40.0 0.0 X 119534 0 78365 1157153 0 298969 14 false true false INSTITUTE FOR PROFESSIONAL DEVELOPM 4025 S RIVERPOINT PARKWAY 6TH FLOO PHOENIX AZ 85040 MARKETING/ACCOUNTING 15954000 PASKILL STAPLETON AND LORD ONE ROBERTS AVENUE GLENSIDE PA 19038 MARKETING 3906593 PIONEER COLLEGE CATERERS 303 GLENROSE AVENUE NASHVILLE TN 37210 FOOD SERVICE 4770408 WEIGAND CONSTRUCTION 7808 HONEYWELL DRIVE FORT WAYNE IN 46825 CONSTRUCTION 12574431 BEYNON SPORTS SURFACES 16 ALT RD HUNT VALLEY MD 21030 CONSTRUCTION 971735 26 2539356 1369054 16872325 4830961 20780735 TUITION AND FEES 900099 167223993 167223993 BOOKSTORE 451211 11487626 11487626 FOOD SERVICE 721310 9035442 9035442 RESIDENCE HALLS 721310 8867739 8867739 CONFERENCES 900099 2221832 2221832 2512117 2512117 201348749 3736512 3736512 0 0 1159144 845755 313389 0 313389 313389 30940618 30940000 618 618 618 0 0 0 0 226180003 201348749 4050519 105283 105283 29084002 29084002 0 0 1411121 1143008 254002 14111 0 66985251 54258053 12057345 669853 4366343 3536738 785942 43663 17762822 14387886 3197308 177628 4546832 3682934 818430 45468 0 392626 318027 70673 3926 2672095 2164397 480977 26721 0 0 210603 170588 37909 2106 14958456 12116349 2692522 149585 8786338 7116934 1581541 87863 6526492 5286460 1174767 65265 3042456 2464389 547642 30425 0 5432490 4400317 977848 54325 1720150 1393322 309627 17201 0 487844 395154 87812 4878 0 0 11090111 8982990 1996220 110901 912600 739206 164268 9126 BOOKSTORE 9133687 9133687 FOOD SERVICE 4267494 4267494 PROFESSIONAL DEVELOPMENT 1478931 1197934 266208 14789 OTHER 9961136 8068518 1793005 99613 205335163 174413670 29294046 1627447 26916 670802 19223631 9010883 1844236 2323627 8986860 9390053 0 0 0 0 11704423 11307165 1680644 798351 2076088 2242113 403338335 122698855 270958608 280639480 114826168 148182386 0 0 0 0 0 0 5721140 6338623 437048714 470903483 29538147 27124210 0 0 3511096 4154064 15000000 15000000 0 0 0 0 0 0 0 0 10067641 10045805 58116884 56324079 X 309498194 342236316 25048952 25768184 44384684 46574904 378931830 414579404 437048714 470903483 X 20844840 14607556 195178 X false true X true true true X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 107315991 15959410 17624735 2365332 138534804 82256405 16266288 11232368 2439070 107315991 80370755 7068750 -2189531 2993569 82256405 55922001 13313576 13219374 2084206 80370745 44789457 4565677 4899897 1333020 52922011 0.53770 0.33280 0.12950 true false 23860210 23860210 273033075 73812864 199220211 50110702 33774949 16335753 56334348 15111042 41223306 280639480 0 REFUNDABLE DEPOSITS & SECURITY 1703578 ACCUMULATED POSTRETIREMENT BEN 1624698 ANNUITY PAYMENT LIABILITY 2078034 FEDERAL ADVANCE FOR STUDENT LOANS 3918571 TRUST LIABILITIES 720924 10045805 212549312 14607556 845755 15453311 197096001 29084002 29084002 226180003 177096916 845755 845755 176251161 29084002 29084002 205335163 SCHEDULE D PART V QUESTION 4 ENDOWMENT FUNDS 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. SCHEDULE D RECONCILIATION PART XI & XII LINE 2D RENTAL EXPENSE RECLASS $845,755 LINE 4B SCHOLARSHIPS $29,084,002 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. true true true true true true true false false false false false false false false true false true QUESTION 3 A NONDISCRIMINATORY POLICY NOTED IN TRUSTEE BYLAWS, IN BOARD APPROVED RESOLUTION AND IN LITERATURE RELATING TO ALL PROGRAMS. QUESTION 6A INDIANA WESLEYAN UNIVERSITY PARTICIPATES IN STUDENT AID PROGRAMS PROVIDED BY THE FEDERAL GOVERNMENT. true BOYS AND GIRLS CLUB OF GRANT COUNTY 2020 S CLARK ST MARION IN 46952 351065247 501(C)(3) 12000 OPERATING SUPPORT GRACE HOUSE FOR RECOVERY PO BOX 284 MARION IN 46592 352157300 501(C)(3) 12000 OPERATING SUPPORT UNITED WAY OF GRANT COUNTY PO BOX 61 MARION IN 46592 350995975 501(C)(3) 16408 OPERATING SUPPORT PROJECT LEADERSHIP 118 W 25TH ST MARION IN 46953 453577728 501(C)(3) 12500 OPERATING SUPPORT MARION PHILHARMONIC 305 S ADAMS ST MARION IN 46952 237126357 501(C)(3) 10000 OPERATING SUPPORT CHRISTIANITY TODAY 465 GUNDERSEN DRIVE CAROL STREAM IL 60188 520231554 501(C)(3) 10000 OPERATING SUPPORT FAMILY SERVICE SOCIETY INC 101 S WASHINGTON ST STE 200 MARION IN 46952 350868083 501(C)(3) 25375 2000 FMV COMPUTERS OPERATIONAL SUPPORT 7 SCHOLARSHIPS 2717 29084002 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 true true X X X X false false false false false false false false false WRIGHT DAVID PRESIDENT - STARTED JULY 2013 189763 0 0 0 501 0 19512 0 35836 0 245612 0 0 NEWMAN J KEITH CEO/RESIDENTIAL CAMPUS 133293 0 0 0 3120 0 15155 0 16739 0 168308 0 0 KILTY DUANE CFO - UNTIL MARCH 2014 148850 0 0 0 2442 0 13992 0 14982 0 180265 0 0 SMITH HENRY PRESIDENT - UNTIL JUNE 2013 207593 0 100000 0 4346 0 21600 0 38394 0 371932 0 0 AITCHISON BRIDGET DEAN OF INTERNATIONAL PROGRAMS 117367 0 0 0 2167 0 8932 0 69433 0 197899 0 0 PART I QUESTION 1A THE PRESIDENT HAS COUNTRY CLUB DUES PAID BY THE UNIVERSITY FOR BUSINESS ENTERTAINMENT PURPOSES. THE DUES ARE TAXABLE FOR PERSONAL USE. HOUSING 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 AND HENRY SMITH, WHO BOTH SERVED AS PRESIDENT FOR 6 MONTHS OUT OF THE YEAR. A CITY OF MARION INDIANA SERIES 2006 356001102 569564bx4 2006-02-09 40000000 CONSTRUCTION false false false A 25000000 15000000 40000000 10051393 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 LINE 2 THE FILING OF FORM 8038-T SHOULD BE HANDLED BY THE CITY OF MARION, WHO IS THE ISSUER OF THE BOND. 54606 TUITION ASSISTANCE TUITION PAUL ANTHES TRUSTEE 173359 INVESTMENTS false GARY OTT TRUSTEE 2457849 LEASE false STEVE EVANS MALCOLM EVANS' SON 34992 COMPENSATED BY ORGANIZATION false JERRY SHEPHERD CARL SHEPHERDS' BROTHER 90727 COMPENSATED BY ORGANIZATION false DON OTT TRUSTEE 423068 OFFICE FURNITURE PURCHASES 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. Don Ott owns Interior Concepts, an office furniture vendor that IWU utilizes. The chairperson and the treasurer of the Wesleyan Retirement Center are both IWU employees. X 9 102749 FMV X 1 4560000 FMV X 2 65250 FMV X OFFICE FURNITURE 1 15000 FMV X MISCELLANEOUS ITEMS 6 1731 FMV X TRUSTS 4 15908 FMV X ANNUITIES 2 70322 FMV 3 false true false PART VI SECTION A LINE 1B 5 OF THE 25 BOARD MEMBERS ARE NON-INDEPENDENT DUE TO INFORMATION DISCLOSED ON SCHEDULE L. LINE 2 ED HOOVER AND DAN BICKEL HAVE A FAMILY RELATIONSHIP. PART VI, SECTION B LINE 11B THE 99O IS PRESENTED TO THE AUDIT COMMITTEE OF THE BOARD OF TRUSTEES FOR REVIEW AND APPROVAL. THE ENTIRE BOARD RECEIVES A COPY OF THE RETURN EXCLUDING THE 990-T BEFORE FILING. THE FORM 990 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 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 THE 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 BALANCE SHEET RECLASS (272,978) CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS 468,156 TOTAL: $195,178 WESLEYAN RETIREMENT CENTER 4201 S WASHINGTON STREET MARION IN 46953 351449080 ELDER CARE IN 501(C)(3) 1 IWU true WESLEYAN CHURCH CORPORATION PO BOX 50434 INDIANAPOLIS IN 46250 351148762 RELIGIOUS ORG IN 501(C)(3) 1 NA false CRT (3) CHAR. REM. TRUSTS IN NA TRUST false false false true false false false false false false false false false false false false false false false false