2011-05-11T11:31:35-05:00 2010-06-30 RSM MCGLADREY INC 221 THIRD AVENUE SE SUITE 300 CEDAR RAPIDS IA 524011512 990 2009-07-01 440545914 WILLIAM JEWELL COLLEGE WILL 8167817700 500 COLLEGE HILL LIBERTY MO 64068 DAVID L SALLEE 8167817700 2011-05-03 1 Kay Hegarty 3192985333 2009 2016-02-24 21:20:13Z DAVID L SALLEE 500 COLLEGE HILL LIBERTY MO 64068 73719108 0 X WWW.JEWELL.EDU X 1849 MO WILLIAM JEWELL COLLEGE PROVIDES EDUCATION/INSTRUCTION LEADING PRIMARILY TO UNDERGRADUATE DEGREES IN LIBERAL ARTS. IT IS A RESIDENTIAL CAMPUS, PROVIDING ROOM AND BOARD FOR A MAJORITY OF ENROLLED STUDENTS. 31 28 982 525 -1111 -1111 8080749 10085536 29103317 30501616 900709 73816 2098648 2197228 40183423 42858196 13996089 15396960 0 17449916 16113208 59039 58291 1659251 15971998 14135821 47477042 45704280 -7293619 -2846084 122696260 137916009 41295276 36185806 81400984 101730203 WILLIAM JEWELL COLLEGE PROMISES STUDENTS AN OUTSTANDING LIBERAL ARTS EDUCATION THAT CULTIVATES LEADERSHIP, SERVICE AND SPIRITUAL GROWTH WITHIN A COMMUNITY INSPIRED BY CHRISTIAN IDEALS AND COMMITTED TO OPEN, RIGOROUS INTELLECTUAL PURSUITS. 0 0 26835881 15396960 24401619 PROVIDED INSTRUCTION AND ACADEMIC SUPPORT TO 1,083 STUDENTS IN THE FALL (2009) AND 1,014 STUDENTS IN THE SPRING (2010): CLASSROOM INSTRUCTION, LIBRARY SERVICES, LECTURE SERIES, ETC. 4808899 4980638 PROVIDED ROOM AND BOARD FOR 800 STUDENTS 6937317 793194 STUDENT SERVICES AND PROGRAMMING: ATHLETICS AND INTRAMURALS, STUDENT ACTIVITIES, HEALTH SERVICES, COUNSELING SERVICES, FINANCIAL SERVICES, ACADEMIC RECORDS 38582097 1 1 0 0 0 0 0 0 1 1 0 1 1 0 1 0 0 1 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 1 89 0 1 982 1 1 1 1 CJ 0 0 0 1 1 0 0 0 31 28 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X RON DEMPSEY 8164155034 500 COLLEGE HILL LIBERTY MO 64068 JULIUS J ANDERSON JR 1.00 X 0 0 0 GARY D BARNES 1.00 X 0 0 0 ROBERT A BERNSTEIN 1.00 X 0 0 0 DAVID D BURHANS 1.00 X 0 0 0 WILLIAM R CLINE JR 1.00 X 0 0 0 MARTHA B COMMENT 1.00 X 0 0 0 WILLIAM M CROUCH 1.00 X 0 0 0 EDWARD D DOUGLAS 1.00 X 0 0 0 WILLIAM M DREYER 1.00 X 0 0 0 ELIZABETH ANN EARNEST 1.00 X 0 0 0 WILLIAM C GAUTREAUX 1.00 X 0 0 0 JOHN R GILL 1.00 X 0 0 0 EILEEN L HOUSTON-STEWART 1.00 X 0 0 0 ROBERT K KIRKLAND 1.00 X 15560 0 0 JANICE C KREAMER 1.00 X 0 0 0 BURNELL LANDERS 1.00 X 0 0 0 OLLIE MALONE JR 1.00 X 0 0 0 CAROL S MARINOVICH 1.00 X 0 0 0 JAMES W MCCROSSEN 1.00 X 0 0 0 HAZEL M MICHAJLICZENKO 1.00 X 0 0 0 JAMES K PIERCE 1.00 X 0 0 0 W EDWARD PLACE 1.00 X 7975 0 0 FRED H PRYOR 1.00 X 0 0 0 LINDA J ROOS 1.00 X 8975 0 0 DOYLE M SAGER 1.00 X 0 0 0 DIANNE C SHUMAKER 1.00 X 0 0 0 DEBORAH M SMITH 1.00 X 0 0 0 JOY L STEINCROSS 1.00 X 0 0 0 DEBORAH K WARDROP 1.00 X 0 0 0 THOMAS R WILLARD 1.00 X 0 0 0 WILLIAM C NELSON 1.00 X 0 0 0 DR DAVID SALLEE 40.00 X 224456 0 54651 DR TIMOTHY FULOP 40.00 X 116071 0 27489 DR CHAD JOLLY 40.00 X 114356 0 22458 DR RICK WINSLOW 40.00 X 106276 0 21650 DR ANNE DEMA 40.00 X 94036 0 20990 DR JOHN MCCLAFLIN 40.00 X 94125 0 27424 DR ANDREW PRATT 40.00 X 80718 0 48425 DR DARLENE BAILEY 40.00 X 45322 0 7532 CLARK MORRIS 40.00 X 104021 0 23233 WILLIAM A EPLEY 40.00 X 104096 0 4979 1115987 0 258831 6 0 1 0 JE DUNN CONSTRUCTION 929 HOLMES KANSAS CITY MO 64106 CONSTRUCTION 2390654 SODEXO INC & AFFILIATES 4880 PAYSPHERE CIRCLE CHICAGO IL 60674 DINING SERVICES 1584320 ROYALL AND COMPANY 1920 EAST PARHAM ROAD RICHMOND VA 23228 CONSULTING SERVICES 569496 IES 33 N LASALLE ST CHICAGO IL 60602 INTERNATIONAL STUDIES PROGRAM 381596 OXFORD OVERSEAS STUDY COURSE 27 ST JOHN ST OXFORD OXI 2LH UK INTERNATIONAL STUDIES PROGRAM 173520 8 131210 2933728 7020598 60261 10085536 TUITION & FEES 611600 24401619 24401619 RESIDENCE HALL 611710 2738850 2738850 DINING SERVICES 611710 2241788 2241788 FINE ARTS 611710 544525 544525 OTHER 900099 326165 326165 248669 248669 30501616 1164895 1164895 1301080 1301080 128882 128882 128882 128882 29619868 99419 30786804 23562 -1166936 75857 -1091079 -1091079 34516 131210 50546 -16030 -16030 STUDENT SERVICES 900099 556175 556175 HARRIMAN ARTS 900099 176075 176075 MABEE CENTER 900099 30120 30120 20926 -1111 22037 783296 42858196 30175451 -1111 2598320 15396960 15396960 875360 348387 412617 114356 11846105 8525710 2409954 910441 665209 523450 97003 44756 1829809 985849 717286 126674 896725 642112 183780 70833 68759 68759 85327 85327 58291 58291 160750 160750 1461277 1050591 370053 40633 300480 244834 17915 37731 466761 331942 92377 42442 231989 18196 212312 1481 2181413 2181413 809492 661009 86163 62320 407786 207658 63396 136732 950225 950225 2792130 2792130 292108 36 292072 DINING SERVICES 1261467 1261467 STUDENT PROGRAMMING 1072468 1070232 2236 PERFORMING ARTS 734351 734351 BOOKS & PERIODICALS 176670 174285 2087 298 DUES & MEMBERSHIPS 146732 91590 47649 7493 535636 389670 141196 4770 45704280 38582097 5462932 1659251 3816113 1688449 3475490 4643242 814890 732712 812654 722249 104629603 42698009 63134745 61931594 41774213 35709486 5554478 29050567 3313677 3437710 122696260 137916009 7125982 8241075 602162 569182 16260000 15695000 5000000 5000000 5500000 6807132 6680549 41295276 36185806 X 30427343 27300403 4215398 25946918 46758243 48482882 81400984 101730203 122696260 137916009 X 0 1 1 X 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 35257924 1690149 28479383 265055 4391840 165493 60605068 50390021 459712 -9003655 1077748 5293554 216852 35257924 0.03130 0.96870 1 0 116727 116727 90017050 32359375 57657675 2144582 1136721 1007861 11471226 9201913 2269313 880018 880018 61931594 PRIVATE EQUITY 919144 F REAL ESTATE 21260604 F INVESTMENT IN CONSOLIDATED ENTITY - COLLEGEHILL INVESTMENTS 146908 C RESTRICTED INVESTMENTS HELD BY BOND TRUSTEE 1241461 F INTEREST IN INVESTMENTS HELD BY OTHER 3911059 F BENEFICIAL INTEREST IN PERPETUAL TRUST 741206 F OTHER 830185 F 29050567 DEPOSITS 309152 ASSET RETIREMENT OBLIGATION 811488 PV OF ANNUITIES PAYABLE 2247943 REFUNDABLE LOAN PROGRAM 3311966 6680549 42858196 45704280 -2846084 6220111 16955192 23175303 20329219 33888635 6220111 -15240218 -9020107 42908742 -50546 -50546 42858196 30741540 434220 434220 30307320 15396960 15396960 45704280 Part V, Line 4: Description of Intended Use of Endowment Funds: THE ENDOWMENT FUNDS ARE USED FOR SCHOLARHIPS FOR STUDENTS, SUPPORT ACCADEMIC DEPARTMENTS/FACULTY POSITIONS, SUPPORT OTHER PROGRAMS OF THE COLLEGE, AND GENERAL, UNDESIGNATED SUPPORT OF THE INSTITUTION. Part X: Description of Uncertain Tax Positions Under FIN 48: THE COLLEGE FILES A FORM 990 (RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX) ANNUALLY. WHEN THESE RETURNS ARE FILED, IT IS HIGHLY CERTAIN THAT SOME POSITIONS TAKEN WOULD BE SUSTAINED UPON EXAMINATION BY THE TAXING AUTHORITIES, WHILE OTHERS ARE SUBJECT TO UNCERTAINTY ABOUT THE MERITS OF THE TAX POSITION TAKEN OR THE AMOUNT OF THE POSITION THAT WOULD ULTIMATELY BE SUSTAINED. EXAMPLES OF TAX POSITIONS COMMON TO COLLEGES INCLUDE SUCH MATTERS AS THE FOLLOWING: THE TAX EXEMPT STATUS OF EACH ENTITY AND VARIOUS POSITIONS RELATIVE TO POTENTIAL SOURCES OF UNRELATED BUSINESS TAXABLE INCOME (UBIT). UBIT IS REPORTED ON FORM 990-T, AS APPROPRIATE. THE BENEFITS OF TAX POSITIONS ARE RECOGNIZED IN THE FINANCIAL STATEMENTS IN THE PERIOD DURING WHICH, BASED ON ALL AVAILABLE EVIDENCE, MANAGEMENT BELIEVES THAT IT IS MORE LIKELY THAN NOT THAT THE POSITIONS WILL BE SUSTAINED UPON EXAMINATION, INCLUDING THE RESOLUTION OF APPEALS OR LITIGATION PROCESSES, IF ANY. TAX POSITIONS ARE NOT OFFSET OR AGGREGATED WITH OTHER POSITIONS. TAX POSITIONS THAT MEET THE "MORE LIKELY THAN NOT" RECOGNITION THRESHOLD ARE MEASURED AS THE LARGEST AMOUNT OF TAX BENEFIT THAT IS MORE THAN 50% LIKELY TO BE REALIZED ON SETTLEMENT WITH THE APPLICABLE TAXING AUTHORITY. THE PORTION OF THE BENEFITS ASSOCIATED WITH TAX POSITIONS TAKEN THAT EXCEEDS THE AMOUNT MEASURED AS DESCRIBED ABOVE IS REFLECTED AS A LIABILITY FOR UNCERTAIN TAX BENEFITS IN THE ACCOMPANYING STATEMENTS OF FINANCIAL POSITION ALONG WITH ANY ASSOCIATED INTEREST AND PENALTIES THAT WOULD BE PAYABLE TO THE TAXING AUTHORITIES UPON EXAMINATION. AS OF JUNE 30, 2010 AND 2009, THERE WERE NO UNCERTAIN TAX BENEFITS IDENTIFIED AND RECORDED AS A LIABLITY. Part XI, Line 8 - Other Adjustments: PRESENT VALUE ADJUSTMENT TO ANNUITY OBLIGATION: 17925. LOSS ON ACTUARIAL CHANGE IN POSTRETIREMENT BENEFITS: -1903890. BEGINNING RETAINED EARNINGS OF CONSOLIDATED ENTITY - COLLEGEHILL INVESTMENTS: 373838. CURRENT YEAR NET LOSS OF CONSOLIDATED ENTITY - COLLEGEHILL INVESTMENTS: -226932. CHANGE IN ACCOUNTING PRINCIPLE: 18694251. Part XII, Line 2d - Other Adjustments: REVENUE OF CONSOLIDATED ENTITY - COLLEGEHILL INVESTMENTS: 156742. COLLEGE AND FEDERAL FUNDED AID: -15396960. Part XII, Line 4b - Other Adjustments: FUNDRAISING EVENT EXPENSE: -50546. Part XIII, Line 2d - Other Adjustments: EXPENSES OF CONSOLIDATED ENTITY - COLLEGEHILL INVESTMENTS: 383674. FUNDRAISING EVENT EXPENSE: 50546. Part XIII, Line 4b - Other Adjustments: COLLEGE AND FEDERAL FUNDED AID: 15396960. 1 1 1 THE COLLEGE'S NON-DISCRIMINATORY POLICY IS PROMINENT IN THE COURSE CATALOG, THE PRIMARY MARKETING BROCHURE THAT IS SENT TO PROSPECTIVE STUDENTS, THE COLLEGE'S WEBSITE AND THE COLLEGE'S APPLICATION FOR ADMISSION. 1 1 1 1 0 0 0 0 0 0 0 0 1 0 THE COLLEGE RECEIVES FINANCIAL SUPPORT FROM THE FEDERAL GOVERNMENT IN A VARIETY OF WAYS, INCLUDING FINANCIAL AID TO STUDENTS IN REVOLVING LOAN FUNDS AND GRANT SUPPORT FOR TEACHING AND RESEARCH PROJECTS. INFORMATION WITH REGARD TO THESE PROGRAMS IS REPORTED TO THE FUNDING AGENCY AS REQUESTED AND IS COVERED UNDER THE SCOPE OF THE SINGLE AUDIT. 1 EUROPE PROGRAM SERVICES EDUCATION 1075099 Central America and the Caribbean INVESTMENTS 0 0 1075099 X X X X X X X 0 GONSER GERBER TINKER STUHR LLP STRATEGIC CONSULTING 0 0 58291 -58291 58291 -58291 FL MO GOLF TOURNEY 9960 6610 3350 300 4778 620 HARRIMAN GALA 155766 124600 31166 44848 165726 131210 34516 300 4778 45468 50546 -16030 1 SCHOLARSHIP/FINANCIAL AID 1045 15396960 Procedure for Monitoring Grants in the U.S.: Part I, Line 2: Schedule I, Part I, Line 2: THE SCHOLARSHIPS/FINANCIAL AID AWARDED TO STUDENTS IS APPLIED AGAINST THEIR TUITION ACCOUNTS. X X X 1 1 X X X X X 0 1 0 0 0 0 0 0 0 DR DAVID SALLEE 224456 0 0 0 0 0 17727 0 36924 0 279107 0 0 0 Part I, Line 1a HOUSING ALLOWANCE OR RESIDENCE FOR PERSONAL USE DAVID L SALLEE, PRESIDENT OF WILLIAM JEWELL COLLEGE, IS REQUIRED TO LIVE IN THE PRESIDENT'S HOUSE ON CAMPUS. THE COST TO THE COLLEGE OF PROVIDING AN MAINTAINING THE HOUSE IS NOT INCLUDED IN HIS W-2 BECAUSE IT QUALIFIES AS A NONTAXABLE BENEFIT. HEALTH OR SOCIAL CLUB DUES OR INITIATION FEES THE COLLEGE PAYS THE CLUB DUES FOR THE PRESDIENT, DAVID L SALLEE, TO USE FOR BUSINESS MEETINGS WITH DONORS. THE AMOUNT OF THE CLUB DUES IS NOT INCLUDED ON HIS W-2 BECAUSE THE DUES ARE 100% BUSINESS USE. PERSONAL SERVICES THE COLLEGE PAYS FOR A HOUSEKEEPER FOR THE HOUSE THE PRESIDENT RESIDES AT. Part I, Line 4a DAVID L SALLEE $50,000 HEALTH & EDUCATIONAL FACILITIES AUTHORITY OF MISSOURI 431178966 000606901 2005-09-01 17880000 REFUNDING/CAPITAL PROJECTS 0 0 17880000 1241461 657215 5000000 2006 1 1 1 1 0 0 0 0 0 0.00000 0.00000 0.00000 1 1 0 0 1 MBIA 30.000000000000 1 1 0 X 7 42101 AVG HIGH/LOW PRICE X GIFT-IN-KIND 9 18160 FMV 0 1 1 Method for Determining Number of Contributors: Part I, Column (b): SCHEDULE M IS USING THE NUMBER OF CONTRIBUTORS Third Party Use: Part I, Line 32b: THE COLLEGE USES AN OUTSIDE BROKER TO SELL STOCK CONTRIBUTIONS Form 990, Part VI, Section B, line 11 AN INDEPENDENT ACCOUNTING FIRM COMPILES AND REVIEWS THE FORM 990. THE FORM 990 IS REVIEWED BY THE COLLEGE'S FINANCIAL OFFICER AND ACCOUNTING PERSONNEL, AND QUESTIONS ARE FOLLOWED-UP ON AND RESOLVED. THE FINAL DRAFT OF THE 990 IS REVIEWED BY THE AUDIT COMMITTEE WITH A REPRESENATIVE OF THE INDEPENDENT ACCOUNTING FIRM. A COPY OF THE FORM 990, NORMALLY IN ELECTRONIC FORM, IS PROVIDED TO THE ENTIRE BOARD OF TRUSTEES AND MEMBERS OF THE PRESIDENT'S CABINET FOR THEIR REVIEW PRIOR TO THE FIRST FULL BOARD MEETING OF THE CALENDAR YEAR OR AT A SPECIAL MEETING OF THE BOARD CALLED THEREAFTER. FURTHER, A FINAL COPY OF THE FORM 990 IS PROVIDED TO EACH MEMBER OF THE BOARD OF TRUSTEES BEFORE IT IS FILED. Form 990, Part VI, Section B, line 12c THE COLLEGE HAS A PUBLISHED CONFLICT OF INTEREST POLICY THAT STATES IN PART: BY DEFINITION, A CONFLICT OF INTEREST OCCURS WHERE AN INDIVIDUAL'S OBLIGATION TO FURTHER THE COLLEGE'S CHARITABLE PURPOSE IS AT ODDS WITH HIS/HER OWN FINANCIAL INTERESTS. SUCH A CONFLICT OF INTEREST EXISTS IF AN EMPLOYEE OR MEMBER OF THE BOARD OF TRUSTEES HAS AN EXTERNAL FINANCIAL INTERST OR FIDUCIARY OR OTHER LEGAL OBLIGATION THAT REASONABLY COULD BE SEEN AS CREATING AN INCENTIVE FOR THE INDIVIDUAL TO MODIFY THE CONDUCT OF HIS/HER COLLEGE ACTIVITIES OR TO INFLUENCE THE CONDUCT OF OTHERS. SERVING PRIVATE INTERESTS MORE THAN INSUBSTANTIALLY IS INCONSISTENT WITH ACCOMPLISHING THE COLLEGE'S CHARITABLE PURPOSES. EMPLOYEES AND MEMBERS OF THE BOARD OF TRUSTEES HAVE AN OBLIGATION TO CONDUCT BUSINESS WITHIN GUIDELINES THAT PROHIBIT ACTUAL OR POTENTIAL CONFLICTS OF INTEREST AND/OR THREATEN THE COLLEGE'S TAX-EXEMPT PURPOSE. A CONFLICT OF INTEREST POLICY IS INTENDED TO HELP ENSURE THAT WHEN ACTUAL OR POTENTIAL CONFLICTS OF INTEREST ARISE THE COLLEGE HAS A PROCESS IN PLACE TO COLLECT ADEQUATE DISCLOSURES TO ADVISE THE GOVERNING BODY ABOUT ALL THE RELEVANT FACTS CONCERNING THE SITUATION. A CONFLICT OF INTEREST POLICY IS ALSO INTENDED TO ESTABLISHED PROCEDURES UNDER WHICH MEMBERS OF THE BOARD OF TRUSTEES THAT HAVE A CONFLICT OF INTEREST WILL BE EXCUSED FROM VOTING ON SUCH MATTERS. ALL MEMBERS OF THE BOARD OF TRUSTEES, THE PRESIDENT OF THE COLLEGE, MEMBERS OF THE PRESIDENT'S CABINET, AND OTHER KEY EMPLOYEES ARE REQUIRED TO COMPLETE AND SIGN AN ANNUAL COMPLIANCE QUESTIONNAIRE AS A CONDITION OF CONTINUAL BOARD MEMBERSHIP AND/OR EMPLOYMENT AND AS REQUIRED BY THE COLLEGE'S ANNUAL TAX RETURN, FORM 990. Form 990, Part VI, Section B, line 15 THE FOLLOWING PROCESS IS FOLLOWED TO SATISFY A "REBUTTABLE PRESUMPTION TEST" WHEN ESTABLISHING COMPENSATION AND BENEFITS FOR THE COLLEGE'S PRESIDENT AND OTHER "KEY-EMPLOYEES" AS DEFINED BY THE INTERNAL REVENUE SERVICE: - THE PRESIDENT'S AND OTHER "KEY EMPLOYEE'S" COMPENSATION AND BENEFITS WILL BE REVIEWED AND APPROVED ON AN ANNUAL BASIS BY THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES OR A DULY APPOINTED COMPENSATION COMMITTEE THEREOF, PROVIDED THAT ANY PERSON(S) WITH CONFLICTS OF INTEREST ARE NOT INVOLVED IN THIS REVIEW OR APPROVAL; - COMPENSATION AND BENEFITS ARE REVIEWED AND APPROVED USING DATA AND SURVEYS FOR PRESDIENTS, "KEY EMPLOYEES", OR FUNCTIONALLY COMPARABLE POSITIONS OF SIMILARLY QUALIFIED PERSONS AT SIMILARLY SITUATED PRIVATE COLLEGES AND UNIVERSITIES; - COMPENSATION PLANS WILL SUPPORT THE COLLEGE'S MISSION, STRATEGY, AND VALUES; - CONTEMPORANEOUS DOCUMENTATION AND RECORDKEEPING IS MAINTAINED WITH RESPECT TO THE DELIBERATIONS AND DECISIONS REGARDING THE PRESIDENT'S AND OTHER "KEY EMPLOYEES" COMPENSATION AND BENEFITS ARRANGEMENTS. ANY QUESTIONS ON EXECUTIVE COMPENSATION ARE DIRECTED TO THE CHAIR OF THE BOARD OF TRUSTEES. Form 990, Part VI, Section C, line 19 THE ORGANIZATION'S CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. THE GOVERNING DOCUMENTS ARE NOT AVAILABLE TO THE PUBLIC. THE ORGANIZATION'S FINANCIAL STATEMENTS WERE AUDITED BY AN INDEPENDENT ACCOUNTANT ON A CONSOLIDATED BASIS. THE ORGANIZATION HAS A COMMITTEE THAT ASSUMES RESPONSIBLITY FOR OVERSIGHT OF THE AUDIT AND SELECTION OF THE INDEPENDENT ACCOUNTANT. FORM 990, PAGE 1, PART I, LINE 6 VOLUNTEERS INCLUDE INDIVIDUALS PROVIDING SUPPORT FOR ALUMNI ORGANIZATIONS, ATHLETICS EVENTS AND OTHER STUDENT ACTIVITIES. COLLEGEHILL INVESTMENTS INC 500 COLLEGE HILL LIBERTY MO 64068 431427371 GOLF COURSE/REAL ESTATE MO N/A C -226932 649513 1.00000 0 1 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 COLLEGE HILL INVESTMENTS B 289803