2013-05-13T09:04:31-07:00 2012-06-30 TD&T FINANCIAL GROUP PC 317 HIGH AVE E OSKALOOSA IA 525772823 990 2011-07-01 420707120 WILLIAM PENN UNIVERSITY WILL 6416731001 NORTH MARKET AND TRUEBLOOD AVENUE OSKALOOSA IA 52577 BONNIE JOHNSON 2013-05-10 true Joseph B Ryan CPA 6416722523 2011 2016-02-24 21:20:13Z 36849738 false false X www.wmpenn.edu X 1873 IA William Penn University provides the opportunity for an educational experience with a focus on leadership, technology, and the Quaker principles of simplicity, peace-making, integrity, community and equality. 22 20 917 50 -95288 -85877 9289869 6062922 26805106 30652924 181525 83851 4927 -92258 36281427 36707439 11038629 12540267 0 11906447 12026884 44187 694946 10742729 12772867 33687805 37384205 2593622 -676766 63774866 65667736 47690335 46728792 16084531 18938944 X William Penn University provides the opportunity for an educational experience with a focus on leadership, technology, and the Quaker principles of simplicity, peace-making, integrity, community and equality. false false 12540267 12540267 SCHOLARSHIP PROGRAMS FOR SCHOLARSHIPS AND GRANTS TO 1,781 STUDENTS. 10135090 27221771 INSTRUCTION AND ACADEMIC SUPPORT PROVIDED TO 1,781 FULL AND PART-TIME STUDENTS. 5904330 309708 STUDENTS SERVICES, INCLUDING STUDENT DEVELOPMENT, ACADEMIC AND CAREER COUNCELING, INTERCOLLEGIATE ATHLETICS, FINANCIAL ASSISTANCE AND OTHER SERVICES, WAS PROVIDED TO 1,781 FULL AND PART TIME STUDENTS. 2937471 3163457 31517158 true true false true false false false true false true true false false true true true true false true false false false false true true false false false true true true false false false false false true false false false false true false false false false false false false false false true 77 0 true 917 true true true false false false false false false true true false 0 false false false false false false false false false false false X 22 20 true false false false false false false true true false false false false true true true true true true true false false X BONNIE JOHNSON 6416731001 NORTH MARKET AND TRUEBLOOD AVENUE OSKALOOSA IA 52577 JERRY N ELLIS 2.00 X X 0 0 0 WILLIAM PATTEN 2.00 X 0 0 0 RUTH NEUBERT 2.00 X 0 0 0 BERRY JOHNSON 2.00 X 0 0 0 RONALD K BRYAN 2.00 X 0 0 0 SAMUEL H RITCHIE 2.00 X 0 0 0 NEDRA JANE SMITH 2.00 X 0 0 0 JOE P CROOKHAM 2.00 X X 0 0 0 YOGESH SHAH 2.00 X 0 0 0 CHRIS HYLAND 2.00 X 0 0 0 DAVID RIDGLY 2.00 X 0 0 0 DANA OSWALD 2.00 X 0 0 0 MARGARET STOLZFUS 2.00 X 0 0 0 ERIC JON NICHOLS 2.00 X 0 0 0 GREG HARRIS 2.00 X 0 0 0 REGINALD MARTIN 2.00 X 0 0 0 ROGER LEBEL 2.00 X 0 0 0 TOM FRANKS 2.00 X 0 0 0 ANN FIELDS 40.00 X X 167136 0 45383 KAYE DELANGE 2.00 X 0 0 0 DAVID AHMAD 2.00 X 0 0 0 SHELBY CHISHOLM 2.00 X 0 0 0 JUDY WILLIAMS 40.00 X 51108 0 17413 MARGE WELCH 40.00 X 35818 0 10103 SHERRI TAYLOR 40.00 X 38848 0 8317 DIANNE K BURNS 40.00 X 38024 0 11353 NOEL STAHLE 40.00 X 112620 0 22688 BONNIE L JOHNSON 40.00 X 106869 0 24976 GREG HAFNER 40.00 X 66105 0 15005 JOHN OTTOSSON 40.00 X 143991 0 27477 STEVEN C NOAH 40.00 X 131878 0 26753 JOBI LAWRENCE 40.00 X 117302 0 20969 RANDAL MARK WRIGHT 40.00 X 79320 0 25672 AVON MICHAEL LAIRD 40.00 X 85510 0 35496 DOUGLAS ZEHR 40.00 X 84755 0 16582 MICHAEL COLLINS 40.00 X 75520 0 22948 1334804 331135 6 false true false DELONG CONSTRUCTION 1320 N 8TH AVE WASHINGTON IA 52353 CONSTRUCTION 180082 SODEXO SERVICES 4880 PAYSPHERE CIRCLE CHICAGO IL 60674 FOOD SERVICE 1387843 POINT BUILDERS 270 50TH AVE SW CEDAR RAPIDS IA 52404 CONSTRUCTION 2051226 MAHASKA COMMUNICATIONS GROUP PO BOX 1038 OSKALOOSA IA 52577 MEDIA SERVICES 190929 JENZABAR PO BOX 845939 BOSTON MA 022845939 SOFTWARE MAINTENANCE 290961 5 10576 580192 5472154 675213 6062922 STUDENT TUITION AND FEES 611310 27221771 27221771 ROOM 721310 932721 932721 OTHER PROGRAM INCOME 611710 267696 267696 BOOKS, COMPUTERS & OTHER 451211 779224 779224 BOARD 722210 1451512 1451512 30652924 83851 83851 0 0 44562 137479 -92917 -92917 -95288 2371 0 5479 10576 4820 659 659 0 0 0 36707439 27221771 -95288 3518034 0 12540267 12540267 0 0 1232797 407370 561850 263577 0 8605762 7858282 558746 188734 280391 263577 14011 2803 1221251 1105328 91464 24459 686683 580131 77996 28556 0 8826 8826 86100 86100 0 44187 44187 0 2317534 291600 2025756 178 86757 9831 76021 905 0 0 0 664864 607961 46584 10319 483537 380949 65739 36849 0 4251 4251 2030986 1937710 72275 21001 0 1200240 1150507 37300 12433 331292 331441 -149 COST OF TEXTBOOKS SOLD 619765 619765 CONTRACT SERVICES 971158 112358 842935 15865 SUPPLIES 1028919 793033 213403 22483 FOOD SERVICE CONTRACT 1261671 1261671 1676967 1261126 393244 22597 37384205 31517158 5172101 694946 244538 318104 0 5018431 2136604 535362 614681 0 0 2286608 2339036 6868 0 1406254 1522707 60151553 20661946 35791289 39489607 3445138 1495565 0 0 0 15040378 17751432 63774866 65667736 4425476 4306540 611982 556182 33484279 33226373 1281981 1133679 6424200 6024200 1462417 1481818 47690335 46728792 X 2445581 2040349 6585127 9891237 7053823 7007358 16084531 18938944 63774866 65667736 X -676766 3531179 X false true true X true true X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false false false false false false false true 3661 false false false 3661 false false Part II-B, Line 1i Part II-B, Line 1i - Other Activities Description AS PART OF THE ORGANIZATIONS DUES PAID TO THE IOWA ASSOCIATION OF INDEPENDENT COLLEGES & UNIVERSITIES (IAICU), A PORTION IS RESERVED FOR LOBBYING EXPENSES. THE (IAICU) WORKS ON BEHALF OF ITS MEMBERS TO INFORM POLICY MAKERS AT THE STATE AND FEDERAL LEVEL ABOUT THE CRITICAL ROLE OF ITS MEMBER INSTITUTIONS AS PART OF THE ENTIRE POST-SECONDARY EDUCATIONAL SECTOR. 3043375 X X X false 7059435 101866 -961415 312768 5887118 6679855 47159 715318 382897 7059435 5955823 618116 341939 236023 6679855 1.00000 false false false 2538101 1242751 3780852 42933004 9506900 33426104 13437697 11155046 2282651 39489607 REMAINDER INTEREST TRUSTS 1378261 LIBRARY BOOKS 642303 CONSTRUCTION IN PROCESS 3778125 COLLECTIBLES 3043375 BENEFICIAL INTEREST IN PERPETUAL TR 6304572 17751432 US GOVERNMENT GRANTS REFUNDABLE 1481818 1481818 36707439 37384205 -676766 2977219 2977219 2300453 28132770 2987138 591546 -12153353 -8574669 36707439 36707439 25822398 591546 142120 733666 25088732 12295473 12295473 37384205 Part X Part X : FIN48 Footnote The University has a tax determination letter from the Internal Revenue Service stating it qualifies under the provision of Section 501(c)(3) of the Internal Revenue Code and is exempt from federal income taxes. As such, the University is subject to federal income taxes only on any net unrelated business income under the provisions of Section 511 of the Internal Revenue Code. The University follows the accounting standards for contingencies in evaluating uncertain tax positions. This guidance prescribes recognition threshold principles for the financial statement recognition of tax positions taken or expected to be taken on a tax return that are not certain to be realized. No liability has been recognized by the University for uncertain tax positions as of June 30, 2012 and 2011. The University is subject to routine audits by taxing jurisdictions; however, there are currently no audits for any tax periods in progress. The University believes it is no longer subject to income tax examinations for years prior to 2008. Part XIII, Line 4b Part XIII, Line 4b: Other revenue amounts included on 990 but not included in F/S SCHOLARSHIPS AND GRANTS $12540267 GROUPING DIFFERENCES $-244794 Part XIII, Line 2d Part XIII, Line 2d: Other expenses and losses per audited F/S SPECIAL EVENT EXPENSES $4820 RENTAL EXPENSES $137300 Part V, Line 4 Part V, Line 4: Intended uses of the endowment fund. ENDOWMENT FUNDS CONSIST OF APPROXIMATELY 108 INDIVIDUAL FUNDS ESTABLISHED FOR SCHOLARSHIPS, GRANTS AND UNRESTRICTED PURPOSES FOR THE UNIVERSITY. ONLY REVENUE EARNED BY THE PORTFOLIO OF INVESTMENTS CAN BE USED FOR THE INTENDED PURPOSE. Part III, Line 4 Part III, Line 4: Description of organization's collections and how it furthers its purpose. THE UNIVERSITY MAINTAINS A COLLECTION OF MIDDLE EAST ARTIFACTS AND A REPLICA OF THE JING YUNG BELL FOR PURPOSES OF PUBLIC EXHIBIT AND SCHOLARLY RESEARCH. true true true true true true true false false false false false false false false true false true X X X X X X X true GRAHAM PELTON 39 BEECHWOOD RD SUMMIT NJ 07901 CAMPAIGN PLAN false 44188 44188 GOLF TOURNAMENT 16055 10576 5479 2288 2532 16055 10576 5479 2288 2532 4820 659 true X 0 0 VOCATIONAL REHAB GRANTS FOR STATES 4 5643 CASH INSTITUTION SCHOLARSHIPS AND GRANTS 1542 11750189 CASH FEDERAL SEOG 1047 531157 CASH ENGLISH LANGUAGE ACQUISITION 35 253278 CASH Grantmaker's Description of How Grants are Used THE UNIVERSITY HAS A FINANCIAL AID DEPARTMENT WHOSE STAFF IS TRAINED AND CONTINUOUSLY EDUCATED REGARDING FEDERAL FINANCIAL AID RULES AND REGULATIONS. THE STAFF OF THE UNIVERSITY DETERMINES THE FINANCIAL NEED OF THE STUDENT AND DETERMINES THE AMOUNT OF FINANCIAL ASSISTANCE THAT CAN BE AWARDED TO THE STUDENT BASED ON FEDERAL RULES AND REGULATIONS. THE FINANCIAL AID STAFF ALSO AWARDS GRANTS AND SCHOLARSHIPS BASED ON ENDOWED GIFTS THAT COMPLY WITH THE TERMS OF THE ENDOWED GIFTS. X X X X X false false false false false false false false false false STEVEN C NOAH 131878 6883 19870 158631 JOHN OTTOSSON 143991 7409 20068 171468 ANN FIELDS 167136 29178 16205 212519 Sch J, Part I, Line 1a Part I, Line 1a: Relevant information in regards to selections on 1a. IOWA HIGHER EDUCATION LOAN AUTHORITY 421235696 2009-10-02 1150000 CONSTRUCTION OF FACILITIES false false false IOWA HIGHER EDUCATION LOAN AUTHORITY 421235696 462460TX4 2005-05-19 6535655 SEE SCHEDULE O false false false 8000 1163127 95564 20772 20002 1026788 false false true true 6567556 530486 19315 130391 388409 5498955 true false true true false false false false true false false false false true false true false false false true false false false false false true X MUSCO CORPORATION OPERATING LOAN X 4000000 false true false An officer of the organization is also an officer of Musco Corporation that lent to the Organization $4,000,000 for operating purposes during the year. The loan was made in April 2012 and repaid in May 2012. X 1 511300 FAIR MARKET X 1 51952 FAIR MARKET false true false SCHEDULE K, PART II, LINE 3 THE TOTAL PROCEEDS DO NOT AGREE TO THE ISSUE PRICE IN PART I, COLUMN (E) DUE TO INVESTMENT EARNINGS. SCHEDULE K, PART I, LINE A, COLUMN (f) CONSTRUCTION AND IMPROVEMENTS TO FACILITIES AND REFUND PRIOR ISSUES (6-27-91, 7-17-96, 7-27-00) FORM 990, PART XI, LINE 5 PRIOR PERIOD ADJUSTMENT The University has changed the accounting method for determining the fair value of the beneficial interest in a perpetual trust. The change in the accounting method had the effect of increasing net assets as of June 30, 2010 by $554,746 and decreasing gain on beneficial interest in perpetual life income trust for the year ended June 30, 2011 in the statement of activities by $786. THE NET RESULT IS AN INCREASE IN NET ASSETS OF $553,960. FORM 990, PART VI, SECTION B, LINE 16 THE ORGANIZATION CURRENTLY HAS AN AGREEMENT WITH A FOR-PROFIT ENTITY REGARDING THE RECRUITING AND MARKETING OF A COLLEGE FOR WORKING ADULTS PROGRAM. THE CONTRACT WITH THE FOR-PROFIT ENTITY IS REVIEWED ANNUALLY AND THE ARRANGEMENT IS MONITORED DAILY TO SAFEGUARD THE ORGANIZATIONS TAX-EXEMPT STATUS. Form 990, Part VI, Line 19 Form 990, Part VI, Line 19: Other Organization Documents Publicly Available Articles of incorporation and by-laws are available upon request to the business office of the organization. Form 990, Part VI, Line 15b Form 990, Part VI, Line 15b: Compensation Review and Approval Process for Officers and Key Employees THE ORGANIZATION USED COMPARABLE DATA TO DETERMINE THE AMOUNT FOR EXECUTIVE COMPENSATION FOR THE PRESIDENT AND OTHER OFFICERS AND TOP MANAGEMENT. Form 990, Part VI, Line 12c Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts Every board member, administrator, or person who has control over a budget, completes a conflict of interest form. They are reviewed by the Finance Committee of the Board of Directors. Form 990, Part VI, Line 11 Form 990, Part VI, Line 11: Form 990 Review Process COPY OF FORM 990 WAS REVIEWED BY THE FINANCE COMMITTEE. Form 990, Part VI, Line 2 Form 990, Part VI, Line 2: Description of Business or Family Relationship of Officers, Directors, Et 2 CURRENT TRUSTEES ARE EMPLOYED BY THE SAME COMPANY. Form 990, Part III, Line 4d Form 990, Part III, Line 4d : Other Program Services Description OTHER PROGRAM SERVICES 4: COST OF SALES, SUPPORT AND MAINTENANCE OF CAMPUS BOOKSTORE FOR 1,781 STUDENTS, FACULTY AND STAFF. OTHER PROGRAM SERVICES 5: SCHOLARSHIP PROGRAMS FOR SCHOLARSHIPS AND GRANTS TO 1,781 STUDENTS. OTHER PROGRAM SERVICES 6: STUDENTS SERVICES, INCLUDING STUDENT DEVELOPMENT, ACADEMIC AND CAREER COUNCELING, INTERCOLLEGIATE ATHLETICS, FINANCIAL ASSISTANCE AND OTHER SERVICES, WAS PROVIDED TO 1,781 FULL AND PART TIME STUDENTS.