2012-03-29T12:26:37-05:00 2011-06-30 GRANT THORNTON LLP 8300 THORN DRIVE SUITE 300 WICHITA KS 672262708 990 2010-07-01 480547702 FRIENDS UNIVERSITY FRIE 3162955000 2100 W UNIVERSITY AVENUE WICHITA KS 672133379 RANDALL C DOERKSEN 3162955000 2012-03-18 true Kimberly Temple 3162653231 2010 2016-02-24 21:20:13Z DR TJ ARANT 2100 W UNIVERSITY AVENUE WICHITA KS 67213 55282200 false X WWW.FRIENDS.EDU/ X 1898 KS FRIENDS UNIVERSITY EXISTS TO PROVIDE HIGH-QUALITY UNDERGRADUATE AND GRADUATE EDUCATION THAT INCORPORATES LIBERAL ARTS INSTRUCTION AND PROFESSIONAL STUDIES WITHIN THE CONTEXT OF THE CHRISTIAN FAITH. 23 16 1311 84 5743 4743 2815814 1961000 38829446 38684268 4044582 3002607 221251 122704 45911093 43770579 8266207 8436623 0 0 21098834 21953694 0 0 1098848 14237009 14007260 43602050 44397577 2309043 -626998 125835902 128577000 27474902 25908000 98361000 102669000 X THE ORGANIZATION'S ACCOMPLISHMENTS INCLUDE PROVIDING THE OPPORTUNITY FOR HIGH-QUALITY LEARNING EXPERIENCES; ENCOURAGING EXPLORATION OF VALUES AS ENRICHED BY THE CHRISTIAN FAITH; PROVIDING A LIBERAL ARTS FOUNDATION THAT WILL PREPARE STUDENTS FOR LIFE IN A DIVERSE AND CHANGING WORLD; PROVIDING LIBERAL ARTS AND PROFESSIONAL OFFERINGS IN DELIVERY MODES THAT ARE APPROPRIATE AND VARIED IN A DIVERSE POPULATION OF STUDENTS; AND PROVIDING A LEARNING ENVIRONMENT THAT ENCOURAGES OPEN COMMUNICATION, COLLABORATION, ETHICAL STANDARDS AND LIFELONG LEARNING. false false 19811489 7845341 18067946 The College of Business, Arts, Sciences and Education (CBASE) supports the Friends University mission by providing a traditional college experience with a liberal arts education and a broad range of majors for undergraduate students. Of the nearly 950 mostly full-time students enrolled in this college, 400 live in housing owned by the university and located on its main campus located in Wichita, Kansas. In addition to its rigorous curriculum and inclusive culture, the college is widely recognized for its excellence in fine arts and high levels of participation in robust athletic programs. 8860352 264846 10331251 The College of Adult & Professional Studies (CAPS) is committed to providing academic excellence to a diverse community of lifelong learners. Students in CAPS are busy adults who want to earn a degree by attending classes one night a week, every other Saturday, or online. Each adult degree completion program has been designed to create maximum student-to-faculty and student-to-student interaction via the cohort model. As of Fall 2011, 302 degree completion students were attending the university. We also offer the program for Adult College Education (PACE), for adults just beginning in this college. During fiscal year 2011, approximately 200 PACE students were served in Wichita, outreach facilities located in Lenexa, Kansas, and Topeka, Kansas. 420 graduates received diplomas in fiscal year 2011. 8592439 326436 7721715 The mission of the graduate school is to provide a high-quality learning environment for students seeking a professional graduate education. The Graduate School honors its Quaker heritage by adhering to its core values of excellence, integrity, civility, inclusivity and service. Its twelve degree programs are offered in the evenings and Saturdays to accommodate the schedules of working adults. The cohort model is used for all programs in which groups of 12-20 graduate students progress together through their coursework toward the completion of their degrees. During fiscal year 2011, enrollment in the Graduate School was approximately 670 full-time students with 341 graduates. 1290506 1910175 STUDENT HOUSING/FOOD SERVICE 345775 410464 POSTAGE, PRINT & COPY SERVICES 200026 BOOKSTORE COMMISSIONS 121000 124423 CISCO ACADEMY - NON-CREDIT WORKSHOPS 1757281 2645088 39021561 true true false false false false true false true true true false true true true true false true false false false false false true false false false true true true false false false false false false true false false false false false false false false false false false false false true X 75 0 true 1311 true true true true CJ VQ false false false true true false false false false X 23 16 false false false false false false false true true false true true true true true true false true true true false X JULIA CAPPS 3162955678 2100 W UNIVERSITY AVENUE WICHITA KS 67213 X RODNEY PITTS 10.0 X X 0 0 0 DAVID DEPEW 5.0 X X 0 0 0 MICHAEL SHOCKLEY 5.0 X X 0 0 0 DR JOHN LEWIS 5.0 X X 0 0 0 ELDON ALEXANDER 1.0 X 0 0 0 JASON BOLES 1.0 X 0 0 0 C BRUCE BURNETT 1.0 X 0 0 0 PAM CHAMBERS 1.0 X 0 0 0 ARDITH DUNN 1.0 X 0 0 0 DUANE HANSEN 1.0 X 0 0 0 DR KEVIN HOPPOCK 1.0 X 0 0 0 DR DENIS KNIGHT 1.0 X 0 0 0 KELLY LINNENS 1.0 X 0 0 0 DR CLIFFTON LOESCH 1.0 X 1500 0 0 EDWIN ROBERTS 1.0 X 0 0 0 RICHARD RUCKER 1.0 X 0 0 0 JOHN WEBER 1.0 X 0 0 0 DR BIFF GREEN 45.0 X X 231610 0 48402 CRAIG BAY 1.0 X 0 0 0 MARILYN BROWN 1.0 X 0 0 0 DR REBECCA TWIETMEYER 1.0 X 0 0 0 RICK FITZGERALD 1.0 X 0 0 0 MIKE WILSON 1.0 X 0 0 0 RANDY DOERKSEN 45.0 X 144804 0 23270 DR JOHN YODER 45.0 X 147111 0 19790 HERVEY WRIGHT 45.0 X 148630 0 21419 PAM PENNINGTON 45.0 X 144476 0 14756 CAROLE OBERMEYER 45.0 X 129779 0 20536 DIXIE MADDEN 45.0 X 103040 0 19894 1050950 0 168067 7 false true false TRIPLETT WOOLF GARRETSON 2959 N ROCK ROAD STE 300 WICHITA KS 672265100 LEGAL SERVICES 103544 1 64878 175000 1721122 1961000 TUITION AND FEES 611600 35900432 35900432 SALES AND SERVICES 900099 256724 256724 AUXILIARY 611710 2520765 2520765 INVESTMENT INCOME -PROGRAM RELATED 900099 6347 6347 38684268 841585 841585 0 23263 23263 68284 47162 21122 21122 5743 15379 13340800 245634 11423818 1594 1916982 244040 2161022 2161022 3003 64878 39047 -36044 -36044 0 0 MISCELLANEOUS REVENUE 900099 81732 81732 VENDING 900099 32631 32631 114363 43770579 38766000 5743 3037836 0 8436623 8436623 0 0 861789 170323 543587 147879 0 16727496 15445386 821145 460965 865384 615992 210470 38922 2081236 1872571 135346 73319 1417789 1256710 112856 48223 0 94532 94532 77070 77070 0 0 208751 208751 1221935 1032868 147241 41826 1051638 946623 29293 75722 1696474 1526371 43544 126559 1258488 943866 314622 0 1441050 1113920 322404 4726 1007124 926892 27560 52672 0 57025 49554 6863 608 825210 33955 791255 0 2384774 2146321 238453 225309 111243 114066 STUDENT BOARD PLAN 629929 629929 PUBLICATIONS & SUBSCRIPTIONS 240287 236058 3067 1162 ITEMS FOR RE-SALE 221175 221175 STUDENT FEES 959620 959620 BAD DEBT EXPENSE 111613 111613 295256 233948 35043 26265 44397577 39021561 4277168 1098848 8426 6166 11689999 7029834 8554559 7226000 79982972 24001972 55217582 55981000 32972224 36130000 10242112 13905000 7151000 8299000 125835902 128577000 3332640 2666000 2443587 2595000 17725785 16777000 3972890 3870000 27474902 25908000 X 63321000 64039000 3475000 5952000 31565000 32678000 98361000 102669000 125835902 128577000 X -626998 4934998 X false true true X true true X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 328800 X X false 38141000 269000 5306000 1204000 826000 41686000 35616000 1475000 3247000 1387000 810000 38141000 44385000 1357000 -7887000 1295000 944000 35616000 0.30880 0.66380 0.02740 false false 2191549 2191549 57734023 13299084 44434939 14451192 8067783 6383409 5606208 2635105 2971103 55981000 13905000 F 13905000 CASH SURRENDER VALUE LIFE INS. 285000 FUNDS HELD BY TRUSTEE 919000 ART 328800 OTHER ASSETS 345200 INTEREST IN PERPETUAL TRUST 5877000 MINERAL INTERESTS 544000 8299000 0 ANNUITIES PAYABLE 287000 FEDERAL PORTION-PERKINS FUND 2161000 DEPOSITS 108618 OBLIG. UNDER CAPITAL LEASE 1000000 OTHER LIABILITIES 313382 3870000 43770579 44397577 -626998 5175018 -240020 4934998 4308000 40426000 5175018 86209 5261227 35164773 168485 8437321 8605806 43770579 36118000 325531 325531 35792469 168485 8436623 8605108 44397577 EXPENSE RECONCILIATION PART XIII, LINE 2D SPECIAL EVENT EXP/SUBTRACTION FROM REVENUE 39,047 RENTAL EXPENSES PRESENTED AS SUBTRACTION FROM REV. 47,162 WORKSTUDY WAGES 233,659 ROUNDING 5,663 --------- 325,531 PART XIII LINE 4B SCHOLARSHIPS 8,436,623 REVENUE RECONCILIATION PART XII, LINE 2D SPECIAL EVENT EXP/SUBTRACTION FROM REVENUE 39,047 RENTAL EXPENSES PRESENTED AS SUBTRACTION FROM REV. 47,162 --------- 86,209 PART XII, LINE 4B SCHOLARSHIPS 8,436,623 ROUNDING 698 --------- 8,437,321 ART COLLECTION SCHEDULE D, PART III, LINE 4 The Bloomfield art collection was gifted to the University many years ago. The small exhibit consists of 15th and 16th century art. It is not reflected on the financial statements as a collection because it is considered immaterial. This art collection is reflected in the Plant fund other assets. The value is $328,800. Pieces from the collection are periodically displayed in the Riney Fine Arts building art gallery/lobby. CHANGE IN NET ASSET RECONCILIATION PART XI, LINE 8 WORKSTUDY WAGES RECORDED ON FORM 990 NOT ON F/S (233,659) ROUNDING (6,361) -------- (240,020) FIN 48 SCHEDULE D, PART X, LINE 2 THE UNIVERSITY IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND A SIMILAR SECTION OF STATE LAW. EFFECTIVE JULY 1, 2009, THE UNIVERSITY ADOPTED GUIDANCE RELATING TO ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES, WHICH REQUIRES THE UNIVERSITY TO ANNUALLY EVALUATE TAX POSITIONS TAKEN WITH REGARD TO UNRELATED BUSINESS INCOME, RELATED DEDUCTIONS APPLIED, OR OTHER ACTIVITIES THAT MAY JEOPARDIZE ITS TAX EXEMPT STATUS AND THUS WOULD MEET THE DEFINITION OF AN UNCERTAIN TAX POSITION. THE UNIVERSITY RECOGNIZES THE FINANCIAL STATEMENT BENEFIT OF A TAX POSITION ONLY AFTER DETERMINING THAT THE RELEVANT TAX AUTHORITY WOULD MORE LIKELY THAN NOT SUSTAIN THE POSITION FOLLOWING AN AUDIT. THE UNIVERSITY HAS CONCLUDED THAT THERE ARE NO UNCERTAIN TAX POSISTIONS TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY OR DISCLOSURE IN THE FINANCIAL STATEMENTS. THE UNIVERSITY IS GENERALLY NO LONGER SUBJECT TO U.S. FEDERAL AND STATE INCOME TAX EXAMINATIONS BY TAXING AUTHORITIES FOR FISCAL YEARS BEFORE 2008. ENDOWMENT FUNDS PART V, QUESTION 4 ENDOWMENT FUNDS ARE USED TO UNDERWRITE STUDENT SCHOLARSHIPS AND INSTITUTIONAL OPERATIONS AS DESIGNATED BY DONORS. true true true true true true true false false false false false false false false true false true NONDISCRIMINATORY POLICY SCHEDULE E, PART I, QUESTION 3 THE UNIVERSITY'S NON-DISCRIMINATION STATEMENT APPEARS ON ALL PRINT ADVERTISEMENTS, INCLUDING NEWSPAPER, MAGAZINE ADS, CHAMBER ADS AND DIRECTORIES, DIRECT MAIL, BROCHURES, COLLATERAL, FLYERS, LANDING PAGES AND E-MAIL ADVERTISING. THE NON-DISCRIMINATION STATEMENT READS "FRIENDS UNIVERSITY DOES NOT DISCRIMINATE AGAINST ACADEMICALLY QUALIFIED STUDENTS OF ANY RACE, COLOR, NATIONAL OR ETHNIC ORIGIN, SEX, AGE, OR WITHOUT REGARD TO DISABILITY." THE NON-DISCRIMINATION STATEMENT IS NOT EXPRESSLY STATED IN OUR RADIO ADS, BILLBOARDS OR WEBSITE BANNER ADS. GOVERNMENT AID OR ASSISTANCE PART II, LINE 6A We receive pass-thru financial aid from Pell, SEOG, Perkins, and Direct Lending. This aid is received and disbursed to the student account to defer tuition, fees, housing and other charges. Excess aid is refunded to the student. TELETHON 51238 51238 25102 GREAT CONVERS. 15343 12340 3003 2721 1880 4258 4486 1 1300 1300 600 67881 64878 3003 3321 1880 4258 29588 39047 -36044 true ACADEMIC SCHOLARSHIP 788 3445364 TUITION REMISSION/EXCHANGE PROGRAMS - EMPLOYEES 153 1555148 ATHLETIC SCHOLARSHIP 408 1342627 FINE ARTS SCHOLARSHIP 320 923356 INSTITUTIONAL NEED BASED GRANTS 247 350088 OTHER INSTITUTIONAL SCHOLARSHIPS 544 555705 ENDOWED SCHOLARSHIP 135 206994 GENERAL INFORMATION ON GRANTS AND ASSISTANCE SCHEDULE I, PART I, LINE 2 THE USE OF GRANT FUNDS ARE MONITORED BY THE UNIVERSITY THROUGH THE PRACTICE OF DIRECTLY APPLYING SCHOLARSHIP FUNDS TO THE STUDENT ACCOUNT AT THE UNIVERSITY TO OFFSET TUITION AND FEES. X X true true X X X X X X false false false false false false false false false DR BIFF GREEN 224477 0 0 0 7133 0 15753 0 32649 0 280012 0 0 0 RANDY DOERKSEN 143668 0 0 0 1136 0 10443 0 12827 0 168074 0 0 0 DR JOHN YODER 144727 0 0 0 2384 0 10443 0 9347 0 166901 0 0 0 HERVEY WRIGHT 141103 0 0 0 7527 0 9940 0 11479 0 170049 0 0 0 PAM PENNINGTON 132903 0 0 0 11573 0 9373 0 5383 0 159232 0 0 0 CAROLE OBERMEYER 128486 0 0 0 1293 0 9383 0 11153 0 150315 0 0 0 HOUSING ALLOWANCE AND HEALTH OR SOCIAL CLUB DUES PART I, QUESTION 1A THE PRESIDENT IS REQUIRED TO LIVE IN THE HOUSE LOCATED ADJACENT TO THE CAMPUS. TWO GOLF CLUB MEMBERSHIPS ARE INCLUDED IN THE PRESIDENT'S CONTRACT. THE PRESIDENT INDICATES ANY PERSONAL USE FOR TAXATION. KS INDEPENDENT COLLEGE FINANCE AUTHORITY 481233911 48526HLX2 2006-03-29 8005000 REFINANCE '98 BOND, ERP & STUD false false false KS INDEPENDENT COLLEGE FINANCE AUTHORITY 481233911 2009-06-30 4000000 STUDENT HOUSING false false false 8005000 61889 160000 1305538 4849522 2008 false false true true 4000000 63637 3936363 2010 false false true true false false false false false 0.00000 0.00000 0.00000 true false false false false false 0.00000 0.00000 0.00000 true false true false false false false false true false false false false TRUSTEE DAUGHTER OF TRUSTEE 10100 SCHOLARSHIP TRUSTEE SON OF TRUSTEE 11234 SCHOLARSHIP TRUSTEE STEPSON OF TRUSTEE 500 SCHOLARSHIP TRUSTEE SON AND DAUGHTER OF TRUSTEE 29860 SCHOLARSHIPS BOARD OFFICER DAUGHTER OF BOARD OFFICER 9700 SCHOLARSHIP BOARD OFFICER SON OF BOARD OFFICER 9400 SCHOLARSHIP GRANTS AND ASSISTANCE TO INTERESTED PERSONS PART III SCHOLARSHIPS GIVEN TO INDIVIDUALS IN PART III OF SCHEDULE L ARE THE SAME SCHOLARSHIPS AVAILABLE TO ALL STUDENTS AND ADHERE TO THE SAME PROCEDURES AND QUALIFICATIONS. CONFLICT OF INTEREST POLICY PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST FORMS ARE PROVIDED FOUR TIMES A YEAR; ONE AT EACH BOARD MEETING AND ONE IN THE SUMMER. A SUMMARY IS COMPILED AND SENT VIA E-MAIL TO THE BOARD CHAIR. THE SUMMARY IS THEN PLACED IN A NOTEBOOK FOR THE NEXT BOARD MEETING FOR REVIEW. THE COMPENSATION AND CONFLICTS COMMITTEE (A SUBCOMMITTEE OF THE AUDIT/FINANCE COMMITTEE) IS RESPONSIBLE FOR MANAGING COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY. THE COMMITTEE MEETS AT LEAST THREE TIMES A YEAR (MORE FREQUENTLY IF NECESSARY) TO INDEPENDENTLY REVIEW ALL TRANSACTIONS SUBJECT TO THE POLICY. MINUTES FROM THE MEETINGS ARE REVIEWED AND APPROVED BY THE FULL BOARD OF TRUSTEES. ANY PERSONS OF INTEREST ARE REQUIRED TO EXCUSE HIM/HERSELF FROM VOTING ON ALL ISSUES RELATED TO THE CONFLICT. COMPENSATION REVIEW PART VI, SECTION B, LINE 15A AND 15B LEGAL COUNSEL WAS ENGAGED IN THE SPRING OF 2010 TO SOLICIT FEEDBACK FROM INDEPENDENT CONSULTANTS REGARDING COMPENSATION. THE COMPENSATION AND CONFLICTS COMMITTEE (A SUBCOMMITTEE OF THE AUDIT/FINANCE COMMITTEE) IS RESPONSIBLE FOR REVIEWING EXECUTIVE COMPENSATION AND PRESIDENTIAL EXPENSE ACCOUNTS. THE UNIVERSITY ANNUALLY PARTICIPATES IN SEVERAL NATIONALLY RECOGNIZED COMPENSATION SURVEYS WITH OTHER COLLEGES AND UNIVERSITIES. PAY FOR OFFICERS/KEY EMPLOYEES IS IN ALIGNMENT WITH PAY AT OTHER PRIVATE UNIVERSITIES OF SIMILAR SIZE AND NATURE. AVAILABILITY OF GOVERNING DOCUMENTS PART VI, SECTION C, LINE 19 THE UNIVERSITY DOES NOT MAKE ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY OR FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC. FORM 990 REVIEW PART VI, SECTION B, LINE 11 THE REVIEW OF THE FORM 990 IS THE CULMINATION OF THE YEAR-END PROCESS. THE FORM 990 IS REVIEWED BY ADMINISTRATIVE PERSONNEL FOR ACCURACY AND COMPLETENESS. THE DATA IS CONSIDERED RELATIVE TO PRIOR YEARS AND CURRENT YEAR FINANCIAL STATEMENTS. ALSO THE AUDIT/FINANCE COMMITTEE OF THE BOARD REVIEW THE FORM 990 BEFORE FILING WITH THE IRS. OTHER PROGRAM SERVICES PART III, LINE 4D OTHER PROGRAM SERVICES CONSIST OF STUDENT HOUSING, POSTAGE, PRINT & COPY SERVICES, BOOKSTORE COMMISSIONS AND NON-CREDIT WORKSHOPS. THESE FUNCTIONS EXIST TO SUPPORT THE THREE PRIMARY EXEMPT PURPOSES OUTLINED IN PART III OF FORM 990. BOND ISSUE SCHEDULE K, PART I BOND ISSUE PRICES LISTED IN PART I OF SCHEDULE K MATCH THE FILED FORM 8038. RECONCILIATION OF NET ASSETS PART XI, LINE 5 UNREALIZED GAINS 5,175,018 WORKSTUDY WAGES OFFSET BY GOV. (233,659) ROUNDING (6,361) ------------ 4,934,998