2012-11-09T09:15:10-06:00 2012-06-30 BKD LLP 200 E Main St Suite 700 Fort Wayne IN 46802 990 2011-07-01 350885591 INDIANA WESLEYAN UNIVERSITY % DR DUANE KILTY INDI 7656772947 4201 S WASHINGTON STREET MARION IN 46953 DUANE KILTY 2012-11-15 true Joyce A Dulworth 2604604000 2011 2016-02-24 21:20:13Z DR DUANE KILTY 4201 S WASHINGTON STREET MARION IN 46953 218266035 false 2079 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. 29 24 5212 0 0 0 15911794 11123105 175438159 198694695 11554679 3765425 899098 1823473 203803730 215406698 25850428 24960175 0 0 85511039 92699745 0 0 1780573 60403437 85357436 171764904 203017356 32038826 12389342 406214048 422475725 54039204 62362192 352174844 360113533 INDIANA WESLEYAN UNIVERSITY IS A CHRIST-CENTERED ACADEMIC COMMUNITY COMMITTED TO CHANGING THE WORLD BY DEVELOPING STUDENTS IN CHARACTER, SCHOLARSHIP, AND LEADERSHIP. false false 176308778 24862470 200463584 INSTRUCTION: THIS PROGRAM ENCOMPASSES A WIDE RANGE OF INSTRUCTION IN LIBERAL ARTS CURRICULUM, AS WELL AS PROVIDING TEXTBOOK DISTRIBUTION AND RESIDENTIAL DINING SERVICES FOR STUDENTS. STUDENTS. BOOKSTORE: THIS PROGRAM SERVICE PROVIDES TEXTBOOK DISTRIBUTION FOR STUDENTS. FOOD SERVICE: THIS PROGRAM SERVICE PROVIDES STUDENTS RESIDENTIAL DINING SERVICES. 176308778 true true false false false false false false true true true false false false true false false true true false false false false false false false false true true true true true true false false false false false false false true true false false false false true true false false false true 156 0 5212 true false false false false false false false false false X 29 24 true false false false false false false true true false false false true true true true true true true false IN X DR DUANE KILTY 7656772947 4201 S WASHINGTON STREET MARION IN 46953 X SMITH HENRY 40.0 X X 227250 0 62721 ANTHES PAUL 1.0 X 0 0 0 BICKEL J DANIEL 1.0 X 0 0 0 BOYLE DAVID 1.0 X 0 0 0 BRAY JOHN 1.0 X 0 0 0 CADY DON 1.0 X 0 0 0 CARMICHAEL MICHAEL 1.0 X 0 0 0 CONRAD CHRISTOPHER 1.0 X 0 0 0 DENEFF STEVE 1.0 X 0 0 0 ECKART MARK 1.0 X 0 0 0 EMERY STEVEN 1.0 X 0 0 0 EVANS MALCOLM 1.0 X 0 0 0 GREEN BARBARA 1.0 X 0 0 0 HALL NORRIS 1.0 X 0 0 0 HINES BARRY 1.0 X 0 0 0 HOLLENBECK KAREN 1.0 X 0 0 0 HOOVER EDWIN 1.0 X 0 0 0 MEEKS MARK 1.0 X 0 0 0 MYERS KEVIN 1.0 X 0 0 0 OTT DONALD 1.0 X 0 0 0 OTT GARY 1.0 X 0 0 0 QUINN PAULA 1.0 X 0 0 0 RAY PETRA 1.0 X 0 0 0 SCHMIDT THOMAS 1.0 X 0 0 0 SHEPHERD CARL 1.0 X 0 0 0 SLOAN DALE 1.0 X 0 0 0 SMITH EVRETT 1.0 X 0 0 0 STOREY JOHN 1.0 X 0 0 0 WILLIS ARON 1.0 X 0 0 0 WRIGHT DAVID 40.0 X 164101 0 24928 KILTY DUANE 40.0 X 136502 0 23338 NEWMAN J KEITH 39.0 X 152782 0 49285 AITCHISON BRIDGET 40.0 X 118763 0 19838 SCHMIDT WAYNE 40.0 X 117980 0 24104 BRESSLER DARLENE 40.0 X 114433 0 16828 SCHENK KEN 40.0 X 116621 0 20875 GUY TODD 40.0 X 115298 0 21470 1263730 0 263387 16 false true false INSTITUTE FOR PROFESSIONAL DEVELOPM 4025 S RIVERPOINT PARKWAY 6TH FLOO PHOENIX AZ 85040 MARKETING/ACCOUNTING 18394800 PASKILL STAPLETON AND LORD ONE ROBERTS AVENUE GLENSIDE PA 19038 MARKETING 6418760 PIONEER COLLEGE CATERERS 303 GLENROSE AVENUE NASHVILLE TN 37210 FOOD SERVICE 4529054 WEIGAND CONSTRUCTION 7808 HONEYWELL DRIVE FORT WAYNE IN 46825 CONSTRUCTION 3269713 SMITHGROUP 500 GRISWOLD STE 1700 DETROIT MI 48226 ARCHITECTURAL 1716835 22 2661893 1602814 6858398 255356 11123105 TUITION AND FEES 900099 165137985 165137985 BOOKSTORE 451211 13592828 13592828 FOOD SERVICE 721310 9417556 9417556 RESIDENCE HALLS 721310 8677282 8677282 CONFERENCES 900099 1840596 1840596 28448 28448 198694695 3802890 3802890 0 0 873796 819212 54584 54584 54584 2002660 2040125 -37465 -37465 -37465 0 0 0 OTHER INCOME 1768889 1768889 1768889 215406698 200463584 3820009 97705 97705 24862470 24862470 0 0 1434745 1219533 200864 14348 80991 68842 11339 810 67106773 57040757 9394948 671068 4355955 3702561 609834 43560 15212170 12930344 2129704 152122 4509111 3832744 631276 45091 0 140333 119283 19647 1403 3094842 2630616 433278 30948 0 0 0 15947384 13555276 2232634 159474 9183207 7805726 1285649 91832 6875770 5844404 962608 68758 3074175 2613049 430384 30742 0 5262026 4472722 736684 52620 1941436 1650221 271801 19414 0 593846 504769 83138 5939 159406 135495 22317 1594 0 11252609 9564718 1575365 112526 979850 832873 137179 9798 BOOKSTORE 11064734 9405025 1549062 110647 FOOD SERVICE 3943901 3352316 552146 39439 PROFESSIONAL DEVELOPMENT 1654459 1406290 231624 16545 OTHER 10189458 8661039 1426524 101895 203017356 176308778 24928005 1780573 24427 23924 21473349 27378713 2048000 1441951 10952419 11696145 0 0 0 0 12956216 12007385 3676058 2268298 1266662 3134131 360739537 101450987 260000988 259288550 90000582 99972910 3815347 0 0 0 0 0 0 5263718 406214048 422475725 28310715 27489831 0 0 1785643 9586063 15000000 15000000 793531 863976 0 0 0 0 0 0 8149315 9422322 54039204 62362192 X 291476683 302206573 50908787 46520832 9789374 11386128 352174844 360113533 406214048 422475725 X 12389342 -4450653 X false true true X true true X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false true 80370755 7068750 -2189531 2993569 82256405 55922001 13313576 13219374 2084206 80370745 44789457 4565677 4899897 1333020 52922011 51057519 2738870 -7486636 1520296 44789457 0.40100 0.13800 0.46100 false false 19871856 19871856 270428844 61257496 209171348 42458341 28203621 14254720 27980496 11989870 15990626 259288550 0 REFUNDABLE DEPOSITS & SECURITY 1297321 ACCUMULATED POSTRETIREMENT BENEFIT OBLIGATION 1531021 ANNUITY PAYMENT LIABILITY 2675409 FEDERAL ADVANCE FOR STUDENT LOANS (NON-IWU) 3918571 9422322 215406698 203017356 12389342 -3941061 -509591 -4450652 7938690 186654860 -3941061 309621 -3631440 190286300 257928 24862470 25120398 215406698 178716170 819212 819212 177896958 257928 24862470 25120398 203017356 SCHEDULE D PART V QUESTION 4 ENDOWMENT FUNDS THE UNIVERSITY'S ENDOWMENT CONSISTS OF APPROXIMATELY 200 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, LINE 8 CHANGE IN VALUE OF BENEFICIAL INTEREST IN PERPETUAL TRUSTS (75,804) CHANGE IN VALUE OF SPLIT-INTEREST AGREEMENTS (433,787) TOTAL: ($509,591) PART XII, LINE 2D CHANGE IN VALUE OF BENEFICIAL INTEREST IN PERPETUAL TRUSTS (75,804) CHANGE IN VALUE OF SPLIT-INTEREST AGREEMENTS (433,787) COST OF GOODS SOLD 819,212 TOTAL: $309,621 PART XII, LINE 4B SCHOLARSHIPS $24,862,470 PART XIII, LINE 2D COST OF GOODS SOLD 819,212 PART XIII, LINE 4B SCHOLARSHIPS $24,862,470 FIN 48 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 SCHEDULE E 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 3402 S Meridian St MARION IN 46953 351065247 501(C)(3) 12800 OPERATING SUPPORT FAMILY SERVICE SOCIETY 101 South Washington St Ste 200 MARION IN 46953 350868083 501(C)(3) 25375 OPERATING SUPPORT GRACE HOUSE FOR RECOVERY PO BOX 284 MARION IN 46953 352157300 501(C)(3) 12000 OPERATING SUPPORT PROJECT LEADERSHIP 118 W 25th St MARION IN 46953 453577728 501(C)(3) 13400 OPERATING SUPPORT UNITED WAY OF GRANT COUNTY PO BOX 61 MARION IN 46953 350995975 501(C)(3) 12630 OPERATING SUPPORT NEVER THE SAME CAMP PO BOX 88254 KENTWOOD MI 49518 270520081 501(C)(3) 15000 OPERATING SUPPORT 6 0 SCHOLARSHIPS 2969 24862470 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 SMITH HENRY 226482 0 0 0 768 0 22725 0 39996 0 289971 0 0 0 WRIGHT DAVID 163469 0 0 0 632 0 15144 0 9784 0 189029 0 0 0 KILTY DUANE 135977 0 0 0 525 0 13650 0 9688 0 159840 0 0 0 NEWMAN J KEITH 152245 0 0 0 537 0 13954 0 35331 0 202067 0 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. CITY OF MARION INDIANA SERIES 2006 356001102 569564BX4 2006-02-09 40000000 CONSTRUCTION false false false 25000000 15000000 39816880 15000000 0 0 160120 23000 0 39816880 0 0 2007 false false true true false false false false 0 true false true false 0 false 0 true false X PAUL ANTHES TRUSTEE 50936000 INVESTMENTS false GARY OTT TRUSTEE 2065760 LEASE false STEVE EVANS MALCOLM EVANS' SON 58604 COMPENSATED BY ORGANIZATION false JERRY SHEPHERD CARL SHEPHERDS' BROTHER 122387 COMPENSATED BY ORGANIZATION false PART IV THE UNIVERSITY HAS AMOUNTS FOR THE FACILITIES RESERVE FUND AND THE ENDOWMENT FUNDS INVESTED IN AN INVESTMENT COMPANY OWNeD BY PAUL ANTHES. THE INVESTMENTS ARE PUBLICLY TRADED SECURITIES VALUED AT FMV. GARY OTT IS THE PRESIDENT OF TENDER LOVE AND CARE MANAGEMENT, WHICH MANAGES WESLEYAN RETIREMENT CENTER. X 35987 FMV X 12189 FMV X 6 124846 FMV X 2 55000 FMV X EQUIPMENT 2 27334 FMV false true false PART VI SECTION A LINE 1B HENRY SMITH IS THE PRESIDENT OF INDIANA WESLEYAN UNIVERSITY (IWU). IWU HAS SOME INVESTMENTS WITH PAUL ANTHES. G. MALCOLM EVANS HAS A SON THAT IS COMPENSATED BY IWU. MR. CARL SHEPHERD HAS A BROTHER THAT IS COMPENSATED BY IWU. MR. GARY OTT IS THE PRESIDENT OF TENDER LOVE AND CARE MANAGEMENT WHICH MANAGES WESLEYAN RETIREMENT CENTER, A RELATED ENTITY. 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. RECONCILIATION OF NET ASSETS PART XI LINE 5 UNREALIZED LOSS ON SALE OF ASSETS ($3,941,062) CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS (433,787) CHANGE IN BENEFICIAL INTEREST IN TRUSTS (75,804) TOTAL: ($4,450,653) HOURS DEVOTED FOR RELATED ORGANIZATION FORM 990 PART VII NAME:NEWMAN, J KEITH TITLE:EXECUTIVE VICE PRESIDENT HOURS:1 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 462503051 351148762 RELIGIOUS ORG IN 501(C)(3) 1 NA false RB TRUST 4201 S WASHINGTON STREET MARION IN 46953 206648101 CHAR REMNDR TRUST IN NA TRUST 0 58843 0.71000 MH TRUST 4201 S WASHINGTON STREET MARION IN 46953 356329174 CHAR REMNDR TRUST IN NA TRUST 0 4030 0.65000 K TRUST 4201 S WASHINGTON STREET MARION IN 46953 266009207 CHAR REMNDR TRUST IN NA TRUST 0 289458 0.54000 P&M N TRUST 4201 S WASHINGTON STREET MARION IN 46953 351972262 CHAR REMNDR TRUST IN NA TRUST 0 61538 0.80000 false false true false false false false false false false false false false false false false false false WESLEYAN RETIREMENT CENTER C 1458142 FMV