2012-03-27T15:50:57-05:00 2011-05-31 BONADIO & CO LLP 171 SULLYS TRAIL SUITE 201 PITTSFORD NY 14534 990 2010-06-01 160743045 HOUGHTON COLLEGE HOUG 5855679312 1 WILLARD AVENUE HOUGHTON NY 14744 DALE WRIGHT 5855679312 2012-03-26 1 JEAN CLOSE 5853811000 2010 2016-02-24 21:20:13Z DR SHIRLEY MULLEN 1 WILLARD AVENUE HOUGHTON NY 14744 46617402 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. 28 26 1718 0 59622 0 3686291 4820794 38733259 38034704 253266 1657840 723447 664826 43396263 45178164 10993950 11537154 0 0 19777463 18929807 0 0 1190119 13867320 14867855 44638733 45334816 -1242470 -156652 83698789 89895931 31012322 30671482 52686467 59224449 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 24658883 11537154 30062709 INSTRUCTION-FACULTY SALARIES, SCHOLARSHIPS, FINANCIAL AID AND OTHER COSTS FOR INSTRUCTION. 5851356 8155518 AUXILIARY ENTERPRISES-STUDENT HOUSING, FOOD SERVICES, CAMPUS STORE, AND OTHER. 6356905 66067 STUDENT SERVICES-STUDENT LIFE, ATHLETICS, ADMISSIONS, AND OTHER STUDENT SERVICES. 2984313 1379698 2984313 1379698 39851457 1 1 0 0 0 0 0 1 0 1 1 1 0 1 1 1 0 1 1 1 1 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 1 0 0 1 X 1941 0 1 1718 1 1 1 1 CS UK HR TZ EC CA HO SL 0 0 0 0 0 0 0 0 X 28 26 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 0 1 1 0 X DALE WRIGHT 5855679312 1 WILLARD AVE HOUGHTON NY 14744 DAVID BABB 1.00 X 0 0 0 EVELYN BARNETT 1.00 X 0 0 0 KEVIN BATMAN 1.00 X 0 0 0 ROBERT DAVIDSON 1.00 X 0 0 0 ANTHONY GRAHAM 1.00 X 0 0 0 STANLEY HOOVER 1.00 X 0 0 0 BRUCE HORSMAN 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 KEVIN KNOWLTON 1.00 X 0 0 0 PAUL LAMOS 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 GREG MCCLAIN 1.00 X 0 0 0 SHIRLEY MULLEN 40.00 X X 171761 0 30416 HARRIETT OLSON 1.00 X 0 0 0 BRENT RUSSETT 1.00 X 0 0 0 CLIFTON SEAMAN 1.00 X 0 0 0 JAMES SHOWVAKER 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 ELWOOD ZIMMERMAN 1.00 X 0 0 0 ALEXANDER WILLIAM 1.00 X 0 0 0 JACK CONNELL 1.00 X 0 0 0 NIEL KOPPEN 1.00 X 0 0 0 LENNY LUCHETTI 1.00 X 0 0 0 EFRAIN RIVERA 40.00 X 99117 0 0 SCOTT WADE 40.00 X 100182 0 9156 BOB VANWICKLIN 40.00 X 104971 0 9583 RON MAHURIN 40.00 X 113256 0 8977 589287 0 58132 4 0 1 0 SODEXO INC & AFFILIATES 1 WILLARD AVENUE HOUGHTON NY 14744 FOOD SERVICE 1394043 PIONEER COLLEGE CATERERS 12351 WEST 96TH TERRACE SUITE 204 LENEXA KS 66215 FOOD SERVICE 927599 PAYETTE 285 SUMMER STREET BOSTON MA 02210 ARCHITECTURAL SERVICES 547429 OLOGIE 447 EAST MAIN STREET COLUMBUS OH 43215 PRODUCTION OF PROMOTIONAL MATERIALS 303603 THE HIGHBURY CENTRE 20-26 ABERDEEN PARK HIGHBURY UK N5 2BJ MEALS AND HOUSING SERVICES 226953 7 116044 4704750 4820794 TUITION AND FEES 611600 30062709 30062709 AUXILIARY ENTERPRISES 611710 7971995 7922938 49057 38034704 644321 10565 633756 1835400 821881 1013519 1013519 1013519 849937 617357 232580 232580 MISCELLANEOUS 611710 432246 432246 432246 45178164 39663992 59622 633756 11537154 11537154 262316 228437 33879 13954181 10715422 2616897 621862 91578 51821 36466 3291 3697377 2849697 677830 169850 924355 665210 216894 42251 395472 395472 67400 67400 1054345 432601 544028 77716 315418 285425 6645 23348 1107411 586596 431820 88995 334100 175787 158313 833 833 2967923 1121512 1846411 1041869 892263 70607 78999 140109 73662 58189 8258 1174490 1043409 131081 2782 2782 2521941 2160699 361242 187532 69892 117640 ALLOCATION OF O&M AND A 0 3745727 -3787397 41670 FOOD 1775862 1775862 SPECIAL PROGRAMS AND PR 1058720 1242693 -183973 MISCELLANEOUS 502101 205645 296456 AUXILIARY SERVICES 219547 219547 45334816 39851457 4293240 1190119 5758711 6095809 715777 883943 1580422 1604028 2391349 3526307 241095 247918 664100 640868 63990659 34010504 30565418 29980155 23328439 26454634 12543590 14071748 292983 255081 5616905 6135440 83698789 89895931 3045800 3258829 180000 150000 1203600 1267628 19920801 11167278 332557 887498 6329564 13940249 31012322 30671482 X 13965836 14265002 5834175 11371992 32886456 33587455 52686467 59224449 83698789 89895931 X -156652 6694634 X 0 1 1 X 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X 0 34152289 215434 7315071 1511941 40170853 30508920 414894 4385758 1157283 34152289 42338558 159910 11074113 915435 30508920 0.01010 0.96350 0.02640 1 0 957382 957382 47409736 24522800 22886936 9127364 6822039 2305325 6496177 2665665 3830512 29980155 ALTERNATIVE INVESTMENTS 7404360 F POOLED INVESTMENT TRUSTS 6667388 F 14071748 SPLIT INTEREST AGREEMENTS 4809300 LIMITED USE ASSETS 1229867 BENEFICIAL INTEREST IN NET ASSETS OF WILLARD J. HOUGHTON FOUNDATION 96273 6135440 FUNDS HELD ON BEHALF OF OTHERS 2225560 OBLIGATIONS UNDER SPLIT INTEREST AGREEMENTS 3177633 OTHER LIABILITIES 613069 SECURED NOTE PAYABLE TO RELATED ORGANIZATION 7923987 13940249 45178164 45334816 -156652 7099639 -405005 6694634 6537982 40953001 7099641 -11942161 -4842520 45795521 -617357 -617357 45178164 34415019 617357 617357 33797662 11537154 11537154 45334816 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: 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, 2011 AND 2010, THE ORGANIZATION DOES 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 BEFORE 2007. PART XI, LINE 8 - OTHER ADJUSTMENTS: CHANGE IN BENEFICIAL INT. IN NET ASSETS OF WILLARD J. HOUGHTON FOUNDATION -53,335. CHANGE IN FAIR VALUE OF INTEREST RATE SWAP AGREEMENT -213,582. CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS -138,088. PART XII, LINE 2D - OTHER ADJUSTMENTS: SCHOLARSHIPS AND GRANTS -11,537,154. CHANGE IN BENEFICIAL INT. IN NET ASSETS OF WILLARD J. HOUGHTON FOUNDATION -53,335. CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS -138,088. CHANGE IN VALUE OF INTEREST RATE SWAP AGREEMENT -213,584. PART XII, LINE 4B - OTHER ADJUSTMENTS: COST OF GOODS SOLD -617,357. PART XIII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 617,357. PART XIII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS AND GRANTS 11,537,154. 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 CATOLOG, 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 PRESPECTIVE 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 1 5 PROGRAM SERVICES VARIOUS SEMESTER LONG ACADEMIC COURSES AND 3 WEEK TRAVEL COURSES 392878 SUB-SAHARAN AFRICA 1 7 PROGRAM SERVICES VARIOUS SEMESTER LONG ACADEMIC COURSES AND 3 WEEK ACADEMIC TRAVEL COURSE 217911 CENTRAL AMERICA 0 3 PROGRAM SERVICES 3 WEEK ACADEMIC TRAVEL COURSE 64560 SOUTH AMERICA 0 1 PROGRAM SERVICES 3 WEEK ACADEMIC TRAVEL COURSE 36466 NORTH AMERICA 0 2 PROGRAM SERVICES 3 WEEK ACADEMIC TRAVEL COURSE 7271 2 18 0 0 2 18 719086 0 719086 0 0 0 0 0 0 1 ATHLETIC SCHOLARSHIPS 100 510410 ENDOWED GRANTS AND SCHOLARSHIPS 311 529970 MERIT BASED SCHOLARSHIPS 648 3758578 NEED BASED GRANTS AND SCHOLARSHIPS 1136 4742535 FEDERAL SEOG GRANTS 122 116044 SPECIAL CATEGORY GRANTS AND SCHOLARSHIPS 1143 1879617 OTHER INFORMATION: PART IV: 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 171761 0 0 0 0 0 20269 0 20000 0 212030 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 3 334025 AVG. HI/LOW DATE RECEIVE X HORSES 4 43000 QUALIFIED APPRAISER 8 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. VOTING MEMBERS WHO ARE INDEPENDENT FORM 990, PART VI, SECTION A, LINE 1B IN ADDITION TO SHIRLEY MULLEN BEING A VOTING MEMBER WHO IS NOT INDEPENDENT SINCE SHE RECEIVES COMPENSATION FROM THE COLLEGE, KEVIN BATMAN IS THE GENERAL TREASURER OF THE WESLEYAN CHURCH CORPORATION, A RELATED ORGANIZATION LISTED ON SCHEDULE R. SINCE MR. BATMAN IS EMPLOYED BY A RELATED ORGANIZATION, OUR INTERPRETATION OF THE INSTRUCTIONS IS THAT HIS COMPENSATION FROM THE RELATED ORGANIZATION SHOULD BE REPORTED ON FORM 990, PART VII, SECTION A. HOWEVER, SINCE THE RELATED ORGANIZATION IS EXEMPT FROM FILING A 990, THEY ARE IN THE PROCESS OF OBTAINING A LEGAL OPINION ON DISCLOSURE OF THIS COMPENSATION. THEREFORE, THE COLLEGE IS UNABLE TO OBTAIN THIS INFORMATION AT THIS TIME. THE COLLEGE HAS MADE ALL GOOD FAITH EFFORTS TO OBTAIN THIS INFORMATION. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED GAINS ON INVESTMENTS: 7,099,639. CHANGE IN BENEFICIAL INT. IN NET ASSETS OF WILLARD J. HOUGHTON FOUNDATION -53,335. CHANGE IN FAIR VALUE OF INTEREST RATE SWAP AGREEMENT -213,582. CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS -138,088. TOTAL TO FORM 990, PART XI, LINE 5: 6,694,634. 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 0 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 1 0 0 1 1 0 1 0 0 THE WESLEYAN INVESTMENT FOUNDATION E 7923987 OUTSTANDING PRINCIPAL BALANCE THE WESLEYAN CHURCH CORPORATION C 1173189 VALUE OF CASH