2011-04-11T14:51:19-04:00 2010-06-30 BKD LLP 201 N Illinois Street Indianapolis IN 46204 990 2009-07-01 350868096 Hanover College HANO 8128667000 PO Box 108 Hanover IN 47243 Mike Bruce 8128667000 2010-05-15 true 3173834000 2009 2016-02-24 21:20:13Z SUE DEWINE PRESIDENT PO BOX 108 HANOVER IN 47243 72434904 false X www.hanover.edu X 1885 IN Hanover College is an institution of higher education that provides lifelong learning opportunities in 31 academic disciplines. 32 31 347 31 -486466 -495186 2466852 2595264 28451622 29891478 2120577 5520369 405766 364121 33444817 38371232 12937788 14637755 0 0 18813421 17489465 0 0 1737221 14617858 13498687 46369067 45625907 -12924250 -7254675 193763239 196410949 22468185 21154071 171295054 175256878 SINCE ITS FOUNDING IN 1827, HANOVER COLLEGE HAS BEEN COMMITTED TO PROVIDING A TRUE LIBERAL ARTS EDUCATION. HANOVER COLLEGE OFFERS 31 MAJOR AREAS OF STUDY AS WELL AS THE OPPORTUNITY FOR STUDENTS TO SELF-DESIGN THEIR OWN MAJOR. HANOVER ALSO OFFERS SPECIALIZED CENTERS OF EXCELLENCE INCLUDING THE CENTER FOR BUSINESS PREPARATION, THE CENTER FOR CHURCH LEADERSHIP, THE CENTER FOR FREE INQUIRY, AND THE RIVERS INSTITUTE. false false 36027739 14637755 24222307 COLLEGE: INSTRUCTIONAL SALARIES, STUDENT FINANCIAL AID AND OTHER COSTS WHICH ARE INCURRED TO PROVIDE EDUCATIONAL OPPORTUNITIES FOR THE STUDENTS. APPROXIMATELY 926 STUDENTS ATTENDED HANOVER DURING THE YEAR. 5292894 0 5985983 AUXILIARY ACTIVITIES: EXPENSES INCURRED FOR RESIDENTIAL HALLS, DINING HALL, CAMPUS CENTER AND VARIOUS ENTERPRISES WHICH PROVIDE GOODS AND SERVICES TO THE STUDENTS. 41320633 true true false true false false true false true true true false true false false false false false true false false false true true true false false false false false false false false false false true false false false true false false false false true 92 0 true 347 true true true false false false false false false false false 32 31 false false false false false false false true true false false true true true true true true true true false IN X HEATHER CHISM 8128667089 PO BOX 108 HANOVER IN 47243 SUE DEWINE 50.0 X X 263438 0 12753 STEVEN C CRANE 1.0 X 0 0 0 JAMES R DODSON 1.0 X 0 0 0 REV WILLIAM G ENRIGHT 1.0 X 0 0 0 KENNETH L GLADISH 1.0 X 0 0 0 RICHARD L HALL 1.0 X 0 0 0 MARK A LEVETT 1.0 X X 0 0 0 L ROBERT LOWE JR 1.0 X 0 0 0 H RICHARD MCFARLAND 1.0 X 0 0 0 ROBERT F MUHLHAUSER JR 1.0 X 0 0 0 SUELLEN KINDER REED 1.0 X 0 0 0 PHILLIP D SCOTT 1.0 X X 0 0 0 WILLIAM SHREWSBERRY JR 1.0 X 0 0 0 JOHN STANLEY 1.0 X 0 0 0 JAMES B STURGES 1.0 X 0 0 0 JOHN C TRIMBLE 1.0 X 0 0 0 PATRICIA STOCKTON HAGENAH 1.0 X 0 0 0 GEOFFREY R LORENZ 1.0 X 0 0 0 ELAINE KOPS-BEDEL 1.0 X X 0 0 0 REETA HEM GUPTA BRENDAMOUR 1.0 X 0 0 0 DR CAROL GODFREY GREEN 1.0 X 0 0 0 BRENDA IGO TOWNES MD 1.0 X 0 0 0 JAMES K WARD 1.0 X 0 0 0 MATT FORRESTER 1.0 X 0 0 0 MARK GABRIEL 1.0 X 0 0 0 DR KRIS RECTOR GLEASON 1.0 X 0 0 0 J JOSEPH HALE JR 1.0 X 0 0 0 ROSS HUBBARD 1.0 X 0 0 0 VERONICA WITT MARTIN 1.0 X 0 0 0 MICHAEL S NEEDLER 1.0 X 0 0 0 JAMES L CHIP PEASE 1.0 X 0 0 0 RICHARD A SHEARER 1.0 X 0 0 0 STEPHEN K SMITH 1.0 X 0 0 0 MICHAEL B ZEDDIES 1.0 X 0 0 0 CHRIS WELKER 1.0 X 0 0 0 ROBERT GRAHAM 50.0 X 106485 0 16222 J MICHAEL BRUCE 50.0 X 124097 0 15432 G DAVID YEAGER 50.0 X 95036 0 15657 LYNN N HALL 50.0 X 89062 0 15246 STEVEN H JOBE 50.0 X 96229 0 15669 JON D RIESTER 50.0 X 73750 0 5122 DENNIS HUNT 50.0 X 151404 0 9710 999501 0 105811 4 false true false BKD LLP 201 N ILLINOIS ST INDIANAPOLIS IN 46204 ACCOUNTING 102367 REPP AND MUNDT 1604 COTTAGE AVE COLUMBUS IN 47202 CONTRACTOR 295567 2 11924 2583340 532272 2595264 STUDENT FEES AND TUITION 611600 23905495 23905495 DINING HALL/SNACKS 611600 2627015 2627015 RESIDENCES 611600 2875282 2875282 COLLEGE STORE 611600 50197 50197 SUMMER CONFERENCES 611600 267184 267184 166305 166305 29891478 2401270 -533775 2935045 0 0 37142177 751 34023829 3118348 751 3119099 3119099 40242 11924 39843 399 399 0 0 MISCELLANEOUS 611600 316413 316413 HORNER CENTER MEMBERSHIPS 713940 47309 47309 363722 38371232 30208290 -486466 6054144 0 14637755 14637755 0 0 1149472 561385 426973 161114 0 13467467 12005705 586454 875308 201124 170120 19448 11556 1645639 1418758 99451 127430 1025763 895447 59978 70338 0 69742 69742 109705 109705 0 0 312761 312761 1461027 1231748 189364 39915 112733 51412 3493 57828 1427835 837461 367785 222589 73774 43464 8835 21475 0 2070601 2043048 2680 24873 437401 354246 36525 46630 0 76179 65300 10620 259 604568 604568 0 3079509 2914924 164585 504910 418555 86355 STUDENT MEAL PLANS 1877939 1877939 BOOKS 32608 31717 869 22 OFF CAMPUS STUDY FEES 294537 294537 EQUIPMENT EXPENSE 605089 595541 9548 OTHER EXPENSES 347769 267003 12430 68336 45625907 41320633 2568053 1737221 7458 11864 1694436 1819434 28113 1965356 153638 255366 287604 275604 433496 418965 107134333 51385461 57849209 55748872 61741661 66684419 52277938 48533551 19289686 20697518 193763239 196410949 2346756 2268113 363085 449803 18565804 17384103 1192540 1052052 22468185 21154071 X 75444956 74223421 16210492 17863972 79639606 83169485 171295054 175256878 193763239 196410949 X false true true X true true X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false false false false false false false false true 72329 72329 false false OTHER LOBBYING ACTIVITIES PART II-B THE ORGANIZATION HIRED LOBBYISTS TO SEEK FEDERAL AND STATE GRANTS TO IMPROVE INFRASTRUCTURE AND EDUCATIONAL OPPORTUNITIES FOR STUDENTS OF HANOVER COLLEGE. 8556956 X X X X false 101949336 559628 7979167 1759473 7265700 101462958 125811272 229175 -13757580 2886299 7447232 101949336 0.25400 0.74600 true false 1417540 1417540 355000 82787634 34050939 49091695 10657557 6993252 3664305 0 11916602 10341270 1575332 55748872 PRIVATE EQUITY 9384937 F ALTERNATIVE INVESTMENTS 39148614 F 48533551 INSURANCE 152643 PERPETUAL TRUSTS 19289345 BOND ISSUE COST 189548 INTEREST RECEIVABLE 55358 REMAINDER TRUST 1010624 20697518 0 ANNUITIES PAYABLE 1052052 1052052 38371232 45625907 -7254675 11216499 11216499 3961824 34637215 11216499 11216499 23420716 312761 14637755 14950516 38371232 30675391 30675391 312761 14637755 14950516 45625907 DESCRIPTION OF COLLECTIONS AND FURTHERANCE OF EXEMPT PURPOSE PART III, LINE 4 ARTWORK IS DISPLAYED ACROSS CAMPUS IN THE ART GALLERY. BOOKS ARE USED FOR STUDENTS, FACULTY, AND STAFF TO ASSIST IN PROVIDING EDUCATION. THERE ARE ALSO PIECES OF ARTWORK LOCATED AT THE SPEED MUSEUM THAT ARE DISPLAYED ACROSS CAMPUS. INTENDED USES OF THE ORGANIZATION'S ENDOWMENT FUNDS PART V, LINE 4 HANOVER'S ENDOWMENT FUNDS PROMOTE THE OVERALL MISSION OF EDUCATING STUDENTS. SPECIFIC EXAMPLES INCLUDE: SCHOLARSHIPS, STUDY ABROAD, LECTURESHIPS, LIBRARY AND VARIOUS FIELDS OF STUDY. HOWEVER, A LARGE PORTION OF HANOVER'S ENDOWMENT IS FOR GENERAL PURPOSES. THIS PROVIDES THE COLLEGE WITH THE FLEXIBILITY TO DIVERT FUNDS WHERE THEY ARE NEEDED THE MOST. FIN 48 DISCLOSURE PART X There was not a FIN 48 disclosure in the financial statements for the current year. The following was included in the financial statements to address income taxes: The College is exempt from income taxes under Section 501(c)(3) of the Internal Revenue Code and a similar provision of state law. However, the College is subject to federal income tax on any unrelated business taxable income. The College files tax returns in the U.S. federal jurisdiction. With a few exceptions, the College is no longer subject to U.S. federal examinations by tax authorities for years before 2007. OTHER RECONCILIATION ITEMS PARTS XII & XIII, LINE 4B SCHOLARSHIPS = 14,637,755 true true true HANOVER COLLEGE DOES NOT DISCRIMINATE ON THE BASIS OF RACE, CREED, COLOR, SEX, AGE, NATIONAL AND ETHNIC ORIGIN, OR ON THE BASIS OF PHYSICAL HANDICAPS IN ITS ADMISSION AND EDUCATIONAL POLICIES, STUDENT FINANCIAL PROGRAMS AND OTHER PROGRAMS. THIS IS PUBLISHED IN NEWSPAPERS AND ONLINE ADVERTISEMENTS. true true true true false false false false false false false false true false THE ORGANIZATION RECEIVES PELL GRANTS AND GRANTS FROM THE STATE OF INDIANA WHICH INCLUDE HIGHER EDUCATION, 21ST CENTURY, ROBERTY BYRD, FREEDOM OF CHOICE, AND HOOSIER SCHOLARSHIPS AND/OR GRANTS. true GUEST ARTIST 52166 11924 40242 39843 0 52166 11924 40242 39843 39843 399 true SCHOLARSHIPS/FINANCIAL AID 926 14637755 PROCEDURES FOR MONITORING THE USE OF GRANT FUNDS IN THE UNITED STATES PART I, LINE 2 Hanover College only awards Intuitional and privately funded financial aid awards as assistance for students based on a case-by-case basis, based on merit, need and extracurricular activities. In doing so the College's financial aid department adheres strictly to all federal and state regulations and is subject to the compliance and internal control requirements of 0MB-A133, in which they follow all applicable guidelines. X true true X X X false false false false false false false false SUE DEWINE 247764 0 0 0 15674 0 8333 0 4420 0 276191 0 0 0 DENNIS HUNT 151404 0 0 0 0 0 5250 0 4460 0 161114 0 0 0 BENEFITS PROVIDED TO PRESIDENT PART I, LINE 1A Hanover College provides a residence for Dr. DeWine, the College's President. The residence is furnished for the convenience of Hanover College. Dr. DeWine is required to live in the residence as a condition of her employment, and the residence is contiguous to Hanover's campus. Dr. Dewine is also provided with a fleet car to use for business purposes. INDIANA EDUCATIONAL FACILITIES AUTHORITY SERIES A 521698917 455048Y50 2004-03-15 8740000 REFUND BONDS/BOND ISSUANCE COSTS false false INDIANA EDUCATIONAL FACILITIES AUTHORITY SERIES B 521698917 455048U71 2004-03-15 8630000 REFUND BONDS/BOND ISSUANCE COSTS false false INDIANA EDUCATIONAL FACILITIES AUTHORITY 521698917 2007-05-01 6000000 RESIDENCE/DINING HALLS RENOVATION false false 8740000 128409 2001 true false true true 8630000 106906 2001 true false true true 6225373 57150 2008 false false true true false false false false true 0.00000 0.00000 0.00000 true false false false false true 0.00000 0.00000 0.00000 true false false false false true 0.00000 0.00000 0.00000 true false false false false false true false true false false false true false false false false false true X 687 LIBRARY APPRAISAL X 827 THRIFT SHOP VALUE X 1 681 SELLING PRICE X 5 197272 FAIR MARKET VALUE X 1 335000 APPRAISAL X 2 2 THRIFT SHOP VALUE X 1 745 SELLING PRICE X GAME TABLES FOR STUDENT ACTIVITY CENTER 2 3483 SELLING PRICE false true true THIRD PARTIES WHO SELL NONCASH CONTRIBUTIONS PART I, LINE 32A THE ORGANIZATION HIRES REALTORS TO SELL PROPERTY, IF THE PROPERTY RECEIVED AS A CONTRIBUTION WILL NOT BE USED BY THE COLLEGE. THE ORGANIZATION USES CITY SECURITIES TO SELL STOCK GIFTS. PROCESS TO REVIEW FORM 990 FORM 990, PART VI, LINE 11A The 990 is first reviewed by the Controller and then by the VP for Business Affairs. The 990 will then go to the Finance Committee of the Board of Trustees for final review and then to the full Board of Trustees for final approval. MONITORING & ENFORCEMENT OF COMPLIANCE WITH CONFLICT OF INTEREST POLICY FORM 990, PART VI, LINE 12C THE CONFLICT OF INTEREST POLICY IS SIGNED ANNUALLY BY THE BOARD OF TRUSTEES, REVIEWED BY THE PRESIDENT, AND THE COPIES ARE KEPT ON FILE IN THE PRESIDENT'S OFFICE. IF A CONFLICT IS FOUND, THE INTERESTED PERSON SHALL NOT BE PRESENT OR PARTICIPATE IN THE VOTE ON WHETHER TO ENTER INTO SUCH TRANSACTION WITH THE INTERESTED PERSON, BUT MAY BE COUNTED FOR PURPOSES OF DETERMINING THE EXISTENCE OF A QUORUM. IF THE INTERESTED PERSON IS COUNTED FOR QUORUM PURPOSES, THE ACTION MUST BE APPROVED BY A SUFFICIENT NUMBER OF VOTES BASED UPON THAT QUORUM. FOR EXAMPLE, IF A MAJORITY VOTE OF THE QUORUM IS REQUIRED TO APPROVE AN ACTION, AND EIGHT (8) TRUSTEES CONSTITUTE A QUORUM, THE ACTION MUST BE APPROVED BY FIVE (5) OF THE SEVEN (7) DISINTERESTED TRUSTEES VOTING ON THE TRANSACTION OR ARRANGEMENT. PROCESS TO DETERMINE PRESIDENT AND OFFICER COMPENSATION FORM 990, PART VI, LINES 15A & 15B THE PRESIDENT'S COMPENSATION IS REVIEWED BY THE BOARD OF TRUSTEES EVERY TWO YEARS AND DOCUMENTED IN THE BOARD MINUTES. HER LAST REVIEW TOOK PLACE IN 2010. THE PRESIDENT COMPLETES THE COMPENSATION REVIEWS FOR EACH OF THE OFFICERS AND KEEPS THE REVIEWS ON FILE IN HER OFFICE. THE OFFICER'S COMPENSATION WAS LAST REVIEWED IN MAY 2010. AVAILABILITY OF GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, & FS FORM 990, PART VI, LINE 19 The organization's governing documents, conflict of interest policy, and financial statements are available to the public upon request. A copy of the conflict of interest policy and financial statements are also kept in the library for public inspection. BOND ISSUE PRICE DISCREPANCY ON FORM 8038 SCHEDULE K, PART I THE ISSUE PRICE OF THE 2007 SERIES BONDS IN COLUMN C DOES NOT EQUAL THE AMOUNT REPORTED ON FORM 8038 OF $6,000,000 DUE TO INTEREST EARNED ON THE ISSUE OF $225,373. THE TOTAL REPORTED IN COLUMN C, PART II, LINE I IS THEREFORE $6,225,373. OLD MILL LLC PO BOX 108 HANOVER IN 47243 351920556 CATERING IN 1896 1000 HANOVER false false false false false false false false false false false false false false false false false false