2012-05-14T13:55:33-05:00 2011-06-30 WILLIAMS-KEEPERS LLC 2005 WEST BROADWAY SUITE 100 COLUMBIA MO 65203 990 2010-07-01 430652617 WESTMINSTER COLLEGE WEST 5735925225 7TH AND WESTMINSTER AVENUE FULTON MO 65251 PHILIP J DANIELS 5735925225 2012-05-14 1 HEIDI A CHICK 5734426171 2010 2016-02-24 21:20:13Z GEORGE B FORSYTHE 501 WESTMINSTER AVENUE FULTON MO 65251 52525539 0 X WWW.WESTMINSTER-MO.EDU X 1853 MO FOUR-YEAR, UNDERGRADUATE LIBERAL ARTS COLLEGE. 38 38 902 70 7500 5520 4183167 2826160 19870230 22059253 417095 3033986 4637707 4608660 29108199 32528059 11004486 11992863 0 0 12103486 13149405 0 0 850958 11108524 11542167 34216496 36684435 -5108297 -4156376 97723099 98319455 18281128 18712016 79441971 79607439 X IT SHALL BE THE MISSION OF WESTMINSTER COLLEGE TO EDUCATE AND INSPIRE ALL ITS STUDENTS THROUGH A DISTINCTIVE LIBERAL ARTS CURRICULUM AND A DYNAMIC DEVELOPMENTAL EXPERIENCE; TO CHALLENGE THEM TO BE CRITICALLY AWARE, LIFE-LONG LEARNERS AND LEADERS OF CHARACTER, COMMITTED TO THE VALUES OF INTEGRITY, FAIRNESS, RESPECT, AND RESPONSIBILITY; AND TO PREPARE THEM FOR LIVES OF SUCCESS, SIGNIFICANCE AND SERVICE. 0 0 6916747 10058890 INSTRUCTIONAL - ACADEMIC DEPARTMENTS FOR CLASSROOM INSTRUCTION. NUMBER BENEFITED - 1139 11992863 11992863 11992863 SCHOLARSHIPS - FINANCIAL AID PROVIDED TO STUDENTS ON BASIS OF ACADEMIC ACHIEVEMENT, FINANCIAL NEED AND OTHER SIMILAR STANDARDS. NUMBER BENEFITED - 1129. 6026450 STUDENT SERVICES - EXPENSES RELATING TO DEAN OF STUDENT LIFE, ADMISSIONS, GUIDANCE, PLACEMENT, CHAPLIN, FINANCIAL AID, AND INTERCOLLEGIATE ATHLETICS. NUMBER BENEFITED - 1139 4237913 4197743 AUXILIARY OPERATIONS- RESIDENCE HALLS, BOOK STORE, DINING HALL. 2393699 ACADEMIC SUPPORT - NUMBER BENEFITED - 1079 6631612 4197743 31567672 1 1 0 0 0 1 0 0 1 1 1 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 1 45 0 1 902 0 1 1 1 CJ BD NL 0 0 0 0 0 0 0 0 X 38 38 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 X X PHILIP J DANIELS 5735925225 501 WESTMINSTER AVE FULTON MO 65251 BROCK E AYERS 0.50 X 0 0 0 JANE BELL 0.50 X 0 0 0 HEATHER AT BIEHL 0.50 X 0 0 0 SCOTT S BOSWELL 0.50 X 0 0 0 BRUCE K BROOKBY 0.50 X X 0 0 0 MICHAEL BUTERA 0.50 X 0 0 0 PETER A CHILDS 0.50 X 0 0 0 KIM K DANIEL 0.50 X 0 0 0 WILLIAM D DANIELS 0.50 X 0 0 0 PAUL J DAVIS 0.50 X 0 0 0 JOHN R ELROD 0.50 X 0 0 0 JAMES W HARROD 0.50 X 0 0 0 DOUGLAS E HAZEL 0.50 X 0 0 0 WALLACE L HEAD 0.50 X 0 0 0 ALAN C HENDERSON 0.50 X 0 0 0 PAUL F KAVANUAGH 0.50 X 0 0 0 RON J KOSTICH 0.50 X 0 0 0 D MICHAEL LINHAN 0.50 X 0 0 0 THOMAS L MANGAN 0.50 X 0 0 0 KENNETH E MEYER 0.50 X 0 0 0 JERRY N MIDDLETON 0.50 X 0 0 0 C ROBERT MONROE 0.50 X 0 0 0 G ROBERT MUEHLHAUSER 0.50 X 0 0 0 KENT C MUELLER 0.50 X 0 0 0 HAROLD B OAKLEY 0.50 X 0 0 0 JOHN C PANETTIERE 0.50 X 0 0 0 JOHN M PANETTIERE 0.50 X 0 0 0 GREGORY A RICHARD 0.50 X 0 0 0 SUZANNE RICHARDSON 0.50 X 0 0 0 JAMES M SCHMUCK 0.50 X 0 0 0 ANNE E SCHNEIDER 0.50 X 0 0 0 LINDA GILL TAYLOR 0.50 X 0 0 0 LLOYD B TAYLOR 0.50 X 0 0 0 FRANKLIN P TURNER 0.50 X 0 0 0 WILLIAM H TYLER 0.50 X 0 0 0 J DAVID VEITCH 0.50 X 0 0 0 SCOTT J WILSON 0.50 X 0 0 0 RONALD D WINNEY 0.50 X 0 0 0 GEORGE B FORSYTHE 40.00 X 202500 0 33300 TERRY BOWMASTER 40.00 X 127189 0 15650 JOHN COMERFORD 40.00 X 81605 0 7111 CAROLYN PERRY 40.00 X 105850 0 14777 517144 0 70838 3 0 1 0 FRESH IDEAS 100 W NIFRONG BLVD COLUMBIA MO 65203 FOOD SERVICE 1206829 AIR SYSTEMS LLC 1208 JEFFERSON STREET COLUMBIA MO 65203 HEAT & AIR CONDITIONING 192280 THE WHELAN GROUP 4129 COMMERCIAL CENTER STE 400 AUSTIN TX 78744 PUBLISHER 162420 ALLIED BARTON SECURITY SERVICES PO BOX 828854 PHILADELPHIA PA 19182 SECURITY SERVICES 154071 DON F WIEGAND STUDIOS ONE WIEGAND DRIVE CHESTERFIELD MO 63005 SCULPTOR 150903 9 249069 2577091 297186 2826160 TUITION, FEES, RELATED 900099 22051753 22051753 ADVERTISING 900099 7500 7500 22059253 1593040 1593040 46865 46865 46865 46865 21377577 19840203 96428 1537374 -96428 1440946 1440946 42754 60849 -18095 -18095 AUXILIARY SERVICES 900099 4197743 4197743 OTHER INCOME 900099 382147 382147 4579890 32528059 26249496 7500 3444903 11992863 11992863 488579 454901 33678 10069206 7829996 1829983 409227 2590015 1869579 607372 113064 1605 1605 19325 19325 89980 89980 198343 110343 88000 2403660 1639941 749142 14577 180682 150140 30542 1739471 1266185 368988 104298 372689 22958 349731 1402159 443577 958582 823508 702196 76010 45302 89384 28225 44549 16610 607589 607589 2612470 2407773 204697 184420 78767 100113 5540 SPECIAL PROJECTS 206039 112970 91250 1819 OTHER 194700 21835 159549 13316 BAD DEBT 161581 3396 158185 DUES AND SUBSCRIPTIONS 111718 45908 60283 5527 ALLOCATION OF PLANT 0 2343774 -2343774 144449 144449 36684435 31567672 4265805 850958 15686 12590 659258 56031 1322952 819995 420653 739602 304949 405006 81509 36331 365816 731063 83313298 36063430 48912160 47249868 24202008 30936223 17170945 12926950 704900 674082 3562263 3731714 97723099 98319455 1713828 1782874 11540000 11275000 3270916 3184361 1756384 2469781 18281128 18712016 X 25968783 25103506 10585826 10980041 42887362 43523892 79441971 79607439 97723099 98319455 X -4156376 4321844 X X 0 1 1 X 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X 1 0 61650 48978815 346731 7163276 2802188 936203 2139103 50611328 48549313 334726 4098343 873579 2922416 207572 48978815 61313180 676464 -8573795 1029802 3672582 164152 48549313 0.82150 0.17850 0 0 3321215 1789181 5110396 66227749 24581529 41646220 11455810 11481901 -26091 519343 519343 47249868 REAL ESTATE MORTGAGE NOTES 213235 F HEDGE FUND 8019828 F LIMITED PARTNERSHIP 2570292 F LIMITED PARTNERSHIP - REIT 343068 F PRIVATED EQUITY LIMITED PARTNERSHIP 1769827 F LIFE INSURANCE POLICY 10700 F 12926950 STUDENT DEPOSITS 224990 DEPOSITS HELD FOR OTHERS 247742 ANNUITIES PAYABLE 493091 REUNDABLE GOVERNMENT ADVANCES FOR PERKINS LOAN 493875 CONDITIONAL ASSET RETIREMENT OBLIGATIONS 288014 BANK OVERDRAFT 722069 2469781 32528059 36684435 -4156376 4121416 200428 4321844 165468 24807546 4121416 261277 4382693 20424853 12103206 12103206 32528059 24642078 60849 60849 24581229 12103206 12103206 36684435 DESCRIPTION OF HOW ORGANIZATION REPORTS CONSERVATION EASEMENTS: PART II, LINE 9: THE WINSTON CHURCHHILL MEMORIAL LOCATED AT WESTMINSTER COLLEGE IS A CERTIFIED HISTORIC STRUCTURE. GIFTS RECEIVED FROM DONORS TO SUPPORT THE MEMORIAL ARE REPORTED AS CONTRIBUTION REVENUE. EXPENSES RELATING TO THE MEMORIAL ARE REPORTED AS PROGRAM EXPENSES (ACADEMIC SUPPORT). DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: GENERAL SUPPORT OF THE COLLEGE, SUPPORT OF ACADEMIC DEPARTMENTS, AWARD SCHOLARSHIPS, SUPPORT OF FACILITY CHAIRS, SUPPORT THE CHURCHILL MEMORIAL, MAINTENANCE OF THE COLLEGE FACILITIES, SUPPORT THE LIBRARY, RESEARCH PROGRAMS, LOAN FUNDS AND LECTURES. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: THE AUDITED FINANCIAL STATEMENTS INCLUDE THE FOLLOWING STATEMENT: "THE COLLEGE IS A NOT-FOR-PROFIT ORGANIZATION AS DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND IS EXEMPT FROM FEDERAL INCOME TAXES PURSUANT TO SECTION 501(A) OF THE CODE, EXCEPT FOR UNRELATED BUSINESS INCOME WHICH IS SUBJECT TO FEDERAL AND STATE INCOME TAXES AT STATUTORY RATES. THE COLLEGE'S FORM 990 AND TAXABLE STATUS ARE SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE FOR OPEN TAX YEARS, WHICH AS OF THE DATE OF THIS REPORT ARE THE YEARS ENDED JUNE 30, 2007 THROUGH 2010. INTEREST AND PENALTIES INCURRED, IF ANY, RELATED TO ANNUAL FORM 990 OR UNRELATED BUSINESS INCOME TAX FILINGS ARE REPORTED WITHIN MANAGEMENT AND GENERAL EXPENSES IN THE STATEMENT OF ACTIVITIES." PART XI, LINE 8 - OTHER ADJUSTMENTS: CHANGE IN VALUE OF SPLIT-INTEREST AGREEMENTS 200,428. PART XII, LINE 2D - OTHER ADJUSTMENTS: AMOUNT REPORTED AS COST OF GOODS SOLD 60,849. CHANGE IN VALUE OF SPLIT-INTEREST AGREEMENTS 200,428. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID/GRANTS 11,992,863. MANAGEMENT FEES 110,343. PART XIII, LINE 2D - OTHER ADJUSTMENTS: AMOUNT REPORTED AS COST OF GOODS SOLD 60,849. PART XIII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID/GRANTS 11,992,863. MANAGEMENT FEES 110,343. 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 ALL PUBLICATIONS AND LOCAL BROADCASTS MADE DURING THE REGISTRATION PERIOD INDICATE THE SOCIALLY NONDISCRIMINATORY POLICY OF THE INSTITUTION. EXPLANATION OF GOVERNMENT FINANCIAL ASSISTANCE SCHEDULE E, PART I, LINE 6 SCHEDULE A, PART V, LINE 34A - WESTMINSTER COLLEGE RECEIVES FEDERAL ASSISTANCE FROM THE DEPARTMENT OF EDUCATION FOR STUDENT FINANCIAL AID UNDER THE PELL GRANT, SUPPLEMENTARY EDUCATIONAL OPPORTUNITY GRANTS, COLLEGE WORK-STUDY, AND PERKINS LOAN PROGRAMS. 1 UNDERGRADUATE SCHOLARSHIP AWARDS 1129 11992863 PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, PART I, LINE 2: FINANCIAL AID VERIFIES ELIGIBILITY AND AWARDS APPROPRIATELY. FUNDS ARE TRANSFERRED TO STUDENT ACCOUNTS TO COVER FEES. NO OVER-AWARDING IS PERMITTED. X 1 0 X 0 0 0 0 0 0 0 0 0 GEORGE B FORSYTHE 200000 0 2500 0 0 0 16200 0 17100 0 235800 0 0 0 PART I, LINE 1A THE PRESIDENT'S RESIDENCE IS USED FOR THE BUSINESS PURPOSES OF THE UNIVERSITY AND TO FURTHER THE MISSION OF WESTMINSTER COLLEGE. THE PRESIDENT IS REQUIRED TO RESIDE IN THE RESIDENCE AND HOST MANY EVENTS FOR FACULTY, STAFF, ALUMNI, BOARD MEMBERS, AND OTHERS. SUPPLEMENTAL INFORMATION PART III AMOUNTS IN COLUMN D FOR GEORGE FORSYTHE INCLUDE THE VALUE OF COLLEGE-PROVIDED HOUSING AND PERSONAL SERVICES RELATED TO THE PRESIDENT'S HOUSE. THE INDUSTRIAL DEVELOPMENT AUTHORITY OF CALLAWAY COUNTY MISSOURI 431327288 13116PBM9 2005-05-11 7970000 REFUNDING OF ORIGINAL 1998 RESIDENTIAL FACILITIES REVENUE BONDS 0 0 0 THE INDUSTRIAL DEVELOPMENT AUTHORITY OF CALLAWAY COUNTY MISSOURI 431327288 13116PCE6 2007-08-28 4760000 2007 RESIDENTIAL FACILITIES REVENUE BONDS 0 0 0 1400000 7970000 973603 181397 6815000 1999 1 0 1 1 55000 4760000 467210 217288 95200 3980302 2008 0 0 1 1 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 X 9 297186 MEDIUM VALUE PER SHARE 0 1 0 METHOD FOR DETERMINING NUMBER OF CONTRIBUTORS: PART I, COLUMN (B): REPORTING NUMBER OF CONTRIBUTORS FORM 990, PART VI, SECTION A, LINE 2 SCOT BOSWELL AND KIM DANIEL: FAMILY RELATIONSHIP FORM 990, PART VI, SECTION B, LINE 11 FORM 990 IS REVIEWED BY THE CONTROLLER AND CFO. A COPY OF THE FORM 990 IS MADE AVAILABLE TO BOARD MEMBERS ELECTRONICALLY. BOARD MEMBERS ARE NOTIFIED AND ASKED TO REVIEW WITH A STATED DEADLINE. FORM 990, PART VI, SECTION B, LINE 12C MEMBERS ARE REQUIRED TO DISCLOSE ANY CONFLICTS OF INTEREST ANNUALLY. ANY ACTIVITY OF SIGNIFICANCE GOES BEFORE THE BOARD AND MEMBERS ARE REQUIRED TO ABSTAIN AFTER DISCLOSING A PERSONAL RELATIONSHIP. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED GAINS ON INVESTMENTS: 4,121,416. CHANGE IN VALUE OF SPLIT-INTEREST AGREEMENTS 200,428. TOTAL TO FORM 990, PART XI, LINE 5: 4,321,844. SELECTION OF INDEPENDENT AUDITOR FORM 990, PART XII, LINE 2C THE FINANCIAL AFFAIRS COMMITTEE MANAGES ISSUES RELATING TO SELECTION OF THE IDEPENDENT AUDITOR. THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.