2013-02-12T15:57:48-07:00 2012-06-30 990 2011-07-01 160743126 ROBERTS WESLEYAN COLLEGE ROBE 5855946000 2300 Westside Drive Rochester NY 14624 James Cuthbert 5855946000 2013-02-12 2011 2016-03-07 17:11:31Z John A Martin 2301 Westside Drive Rochester NY 14624 57492080 0 X www.roberts.edu X 1866 NY As a community of learners committed to historic Christianity, Roberts Wesleyan College seeks to prepare thoughtful, spiritually mature, service-oriented people who will help transform society. 24 24 1322 90 16500 16500 4080125 8873811 42818268 44319143 805079 789092 946181 909067 48649653 54891113 10259118 11843338 0 0 21109723 21842842 0 0 857187 13332353 13759285 44701194 47445465 3948459 7445648 91571625 97866206 12823666 13328192 78747959 84538014 As a community of learners committed to historic Christianity, Roberts Wesleyan College seeks to prepare thoughtful, spiritually mature, service-oriented people who will help transform society. 0 0 41288127 11843338 44319143 Educational institutions and related activities: College liberal arts programs in the Christian tradition to prepare students for service to humanity in business, the arts, and a variety of human service fields. (Approx 1900 students) 0 0 0 41288127 1 1 0 1 0 0 0 0 0 1 1 1 0 0 1 1 1 1 1 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 221 0 1 1322 1 1 1 1 CJ 0 0 1 1 0 X 24 24 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 1 0 X X X Robert Rood AVP of Finance 5855946000 2300 Westside Drive Rochester NY 14624 Joshua B Bouk 2 X 0 0 0 John Cooke 2 X 0 0 0 George P Grace 2 X 0 0 0 David Hughes 2 X 0 0 0 George Kimmich 2 X 0 0 0 Roy King 2 X 0 0 0 David Lascell 2 X 0 0 0 Paul Lysander 2 X 0 0 0 Duncan O'Dwyer 2 X 0 0 0 Dwight Palmer 2 X X 0 0 0 E John Reinhold 2 X 0 0 0 Mary Richards 2 X 0 0 0 David Rinker 2 X 0 0 0 Deborah Schmidt 2 X 0 0 0 Robert Smith 2 X 0 0 0 Richard D Snyder 2 X 0 0 0 Steven von Berg 2 X 0 0 0 Caryl Wenzke 2 X 0 0 0 Daniel Wolfe 2 X 0 0 0 Mary Worboys-Turner 2 X 0 0 0 Lorne W Jackson 2 X X 0 0 0 Norman Leenhouts 2 X X 0 0 0 Terry Taber 2 X X 0 0 0 Mary Perna 2 X X 0 0 0 John Martin 40 X 199182 0 9533 Robert Zwier 40 X 131134 0 8384 James Cuthbert 40 X 135112 0 1477 Samuel Connell 40 X 100435 0 1397 Nelson Hill 40 X 102609 0 1076 668472 0 21867 5 0 1 0 ARAMARK INC 2301 WESTSIDE DRIVE Rochester NY 14624 Food services 1712713 DIXON SCHWABL ADVERTISING INC 1595 MOSELY ROAD VICTOR NY 14564 Marketing 628266 FOLLETT HIGHER EDUCATION GROUP 2301 WESTSIDE DR STORE No 650 Rochester NY 14624 Campus store operator 521108 THOMPSON BUILDS INC 6670 HESSENTHALER RD BYRON NY 14422 Construction services 312796 ROYALL and COMPANY 1920 E PARHAM RD RICHMOND VA 23228 Marketing 306137 7 0 0 101444 0 579530 8192837 16000 8873811 Tuition and fees 611310 38095786 38095786 0 0 Room and board 611310 5275234 5275234 0 0 Other student fees 611310 948123 948123 0 0 0 0 0 0 44319143 610771 594271 16500 0 0 0 0 0 0 0 0 0 0 0 2779288 0 2600967 0 178321 0 178321 178321 0 0 0 0 0 0 0 0 Reimbursements and other 611310 909067 909067 0 0 0 0 0 0 909067 54891113 46000802 16500 0 X 0 0 11843338 11843338 0 0 0 0 818729 289848 388014 140867 0 0 0 0 16566886 14369779 1904230 292877 109764 95207 12617 1940 2885927 2355105 452626 78196 1461536 1234045 190200 37291 0 0 0 0 17695 0 17595 100 70831 0 70831 0 0 0 0 0 0 0 0 0 0 0 1276096 1115031 97707 63358 1249467 754226 417423 77818 886161 610629 219035 56497 699465 125615 573850 0 0 0 0 0 1755182 1630242 112769 12171 1050074 884140 131306 34628 0 0 0 0 176936 162603 12060 2273 237703 233814 3889 0 0 0 0 0 2954128 2837680 100380 16068 316298 280216 34012 2070 Academic supplies, books, etc. 2452795 2365030 87470 295 Equipment and events 248759 154756 53265 40738 Allowance for bad debt (recovery) -132254 -132254 0 0 Tuition waivers 79077 79077 0 0 420872 0 420872 0 47445465 41288127 5300151 857187 0 0 11216210 10675198 772282 4104241 3264888 3714319 0 0 0 0 3061170 3013420 126333 119270 1116774 1066274 86224714 35807564 49886832 50417150 15865495 17453388 4993571 5899511 0 0 0 0 1268070 1403435 91571625 97866206 2113924 2501408 2928795 3020199 1150515 857631 0 0 0 0 0 0 541582 441598 6000 6000 6082850 6501356 12823666 13328192 X 68890066 68427260 1901984 5837133 7955909 10273621 78747959 84538014 91571625 97866206 X 7445648 -1655593 X 0 1 1 X 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 0 0 0 0 17888306 2546734 -207582 652531 0 0 19574927 13508769 2173748 2915703 709914 0 0 17888306 12442612 323555 1444552 701950 0 0 13508769 16224042 633408 -3686010 728828 0 0 12442612 0.415 0.525 0.06 1 0 0 2007409 2007409 0 62648164 21765829 40882335 0 0 0 0 0 15467018 11769172 3697846 0 6102123 2272563 3829560 50417150 4809615 F 240147 C Cash surrender value of life insurance 849749 F 5899511 0 Present value of annuities payable 1810588 Interest rate swap liability 1244977 Asset retirement obligation 1301609 Investments held for Northeastern Seminary 2144182 6501356 54891113 47445465 7445648 -893838 0 0 0 -761755 -1655593 5790055 41392182 -893838 0 0 -761755 -1655593 43047775 0 11843338 11843338 54891113 35602127 0 0 0 0 0 35602127 0 11843338 11843338 47445465 SchD_P05_S00_L04 Schedule D, Part V, Line 4 Endowment funds are generally used to fund scholarships and other donor specified activities or programs. SchD_P10_S00_L02 Schedule D, Part X, Line 2 Roberts Wesleyan College is a non-for-profit corporation exempt from income taxes as an organization qualified under Section 501(c)(3) of the Internal Revenue Code. Roberts Wesleyan College has also been classified as an organization that is a not a private foundation. CGRI is a for-profit corporation organized under section 402 of the New York State Business Corporation Law. The tax-exempt status of the College is considered an uncertainty, since events could potentially jeopardize their tax-exempt status. As of June 30,2012 and 2011, the College did not have a liability for uncertain tax positions. The College and CGRI file tax returns in the U.S. Federal and New York State jurisdictions. The College and CGRI are no longer subject to U.S. Federal income tax examinations by tax authorities for years before fiscal 2008. SchD_P11_S00_L08 Schedule D, Part XI, Line 8 -761,755= Change in value of split interest agreements (-98,196), Investment income transferred to 501(c)(3) affiliate +36,332, non-operating transfer to affiliate (-242,500), unrealized loss on interest rate swap (-457,391) SchD_P12_S00_L02d Schedule D, Part XII, Line 2d -761,755= Change in value of split interest agreements (-98,196), Investment income transferred to 501(c)(3) affiliate +36,332, non-operating transfer to affiliate (-242,500), unrealized loss on interest rate swap (-457,391) SchD_P12_S00_L04b Schedule D, Part XII, Line 4b Institutional aid amount netted against tuition and fee revenue for audit presentation. SchD_P13_S00_L04b Schedule D, Part XIII, Line 4b Institutional grant-based aid included under revenue for audit presentation. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SchE_P01_S00_L03 Schedule E, Part I, Line 3 Roberts Wesleyan College complies with all applicable non-discrimination laws and is committed to the our enhancement of human dignity and workplace diversity. This is advertised in employment related ads and on our website at www.roberts.edu. SchE_P01_S00_L06 Schedule E, Part I, Line 6 Roberts Wesleyan receives grants from both Federal and New York State governments. This includes aid administered through the Perkins Loan and Pell Grant programs, SEOG, and College Works-Study (Federal) and Bundy Aid, TAP, and Nursing Grants received through New York State. These amounts are used in direct or indirect support of students, to help offset, in part, the costs of tuition, books, and other costs of attendance. Additionally, the college may receive capital grants from both Federal and State agencies which are used to help upgrade facilities. Golf Tournament 106025 101444 4581 0 0 20202 0 0 0 0 0 106025 101444 4581 0 0 20202 0 0 0 20202 -15621 1 Scholarship assistance to students which reduces net amount payable to the College. 1900 11843338 0 SchI_P01_S00_L02 Schedule I, Part I, Line 2 Our financial aid office awards scholarships to students based on submitted FAFSA data and academic performance. The financial aid office is responsible for ensuring compliance with all relevant state and federal requirements relative to grant-based aid. X X X 1 1 X X X X X X 0 1 0 0 0 0 0 0 0 John Martin 199182 0 0 0 9533 0 25000 0 69075 0 302790 0 0 0 SchJ_P01_S00_L01a Schedule J, Part I, Line 1a The College President's spouse is considered a key representative of the College and therefore travel costs related to certain official college meetings are covered for her. The College President resides in college provided housing which also serves as a place for meeting with college guests, students, donors, and alumni at various times throughout the year. Also, the college pays dues for the President for one major club in the Rochester, New York area to provide quality, off-campus meeting venues. Only individuals, not organizations, are allowed to join this club. The President uses this membership entirely for college related business. SchJ_P01_S00_L04 Schedule J, Part I, Line 4 John A. Martin participated in a non-qualified retirement plan, which was funded at $25K for 2011. No amounts were paid out, however, under this plan. F990_P06_S0A_L02 Form 990, Part VI, Section A, Line 2 Mary Perna works as an independent contractor for another Trustee. David Lascell is an attorney with a regional law firm and may, from time to time, have transactions which may involve other board members or their companies. F990_P06_S0B_L11b Form 990, Part VI, Section B, Line 11b The form 990 is reviewed in detail with the members of the Board's Business Affairs Committee. The full board also has access to the draft form 990 on a corporate intranet site. F990_P06_S0B_L12c Form 990, Part VI, Section B, Line 12c A report of compliance with the conflict of interest policy is undertaken by the SVP and Treasurer. F990_P06_S0B_L15 Form 990, Part VI, Section B, Line 15 The Board's compensation committee reviews all key employee salary in conjunction with the VP of Administration and using bench-marking data from both local and national pay databases. F990_P06_S0C_L19 Form 990, Part VI, Section C, Line 19 Such documents are currently available upon request. Financial Statements are also available via College website and NACUBO's website. F990_P09_S00_L24a Form 990, Part IX, Line 24a - 24e Line 24e "All other expenses" reflects retirement incentive amounts accrued at 6/30/12 F990_P11_S00_L05 Form 990, Part XI, Line 5 ($1,655,593)= Unrealized losses ($893,838), Investment income allocated to 501(c)(3) affiliate ($40,554), Non-operating support of affiliate ($242,500), Changes in value of split-interest agreements ($98,196). Northeastern Seminary 2265 Westside Drive Rochester NY 14624 161554414 Seminary-graduate course programs in Divinity NY 501(c)(3) 2 N/A 0 Housing Development Foundation Inc 2301 Westside Drive Rochester NY 14624 161583317 Housing for college students NY 501(c)(3) 9 N/A 0 College Greene Residences Inc 2301 Westside Drive Rochester NY 14624 161360689 Retirement community NY Roberts Wesleyan College C 1 1 1 0 1 0 0 0 0 1 1 1 0 1 1 1 1 1 1 College Greene Residences Inc a-i 16500 6% of loan balance outstanding during the year.