2011-02-09T13:45:23-07:00 2010-06-30 990 2009-07-01 160743126 ROBERTS WESLEYAN COLLEGE ROBE 5855946000 2300 Westside Drive Rochester NY 14624 James Cuthbert 5855946000 2011-02-09 2009 2016-02-24 21:20:13Z John Martin 2300 Westside Drive Rochester NY 14624 75296453 0 X www.roberts.edu X 1866 NY As a community of learners committed to historic Christianity, Roberts Wesleyan College seeks to prepare thoughtful, spiritually mature, service-oriented people who will help transform society. 31 31 1298 92 16500 16500 2072028 1797116 31929764 43859160 269496 -29990 911853 934341 35183141 46560627 0 10154556 0 0 21816256 21597524 0 0 773151 12039467 12818888 33855723 44570968 1327418 1989659 79096855 83259275 10050949 10542120 69045906 72717155 As a community of learners committed to historic Christianity, Roberts Wesleyan College seeks to prepare thoughtful, spiritually mature, service-oriented people who will help transform society. 0 0 39045247 43859160 Educational institutions and related activities: College liberal arts education programs in the Christian tradition, to prepare student for service to humanity in business, the arts, and a variety of human service fields. (1900 Students) 0 0 0 39045247 1 1 0 1 0 0 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 1 0 0 0 0 0 0 0 0 1 1 0 0 1 199 0 1 1298 1 1 1 1 CJ 0 0 1 1 1 1 0 0 0 1 1 31 31 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 1 1 1 1 0 NY X X X Director of Finance 5855946000 2300 Westside Drive Rochester NY 14624 Allen Hawn 2 X 0 0 0 Caryl Wenzke 2 X 0 0 0 Chung Kim 2 X 0 0 0 Daniel Wolfe 2 X 0 0 0 David Rinker 2 X 0 0 0 David Hoselton 2 X 0 0 0 David Lascell 2 X 0 0 0 Deborah Schmidt 2 X 0 0 0 Duncan ODwyer 2 X 0 0 0 George Grace 2 X 0 0 0 Gilbert Chang 2 X 0 0 0 John Cooke 2 X 0 0 0 Joshua Bouk 2 X 0 0 0 Lesley Perry 2 X 0 0 0 Lorne Jackson 2 X X 0 0 0 Mary Richards 2 X 0 0 0 Mary Perna 2 X 0 0 0 Norman Leenhouts 2 X 0 0 0 Paul Lysander 2 X 0 0 0 Paul Crowell 2 X X 0 0 0 Randolph Henderson Jr 2 X 0 0 0 Richard Snyder 2 X 0 0 0 Robert Smith 2 X 0 0 0 Roy King 2 X 0 0 0 Stephen Pelton 2 X 0 0 0 Steven von Berg 2 X 0 0 0 Terry Taber 2 X 0 0 0 John Martin 40 X 211888 0 20344 James Cuthbert 40 X 140550 0 7158 Robert Zwier 40 X 139569 0 34586 Nelson Hill 40 X 102657 0 5063 Gary Walsh 40 X 136757 0 5356 731421 0 72507 6 0 1 0 Aramark Inc 2301 Westside Drive Rochester NY 14624 Food service providers 1723927 Follett Higher Education Group Store # 650 2301 Westside Drive Rochester NY 14624 Bookstore operations 534876 Dixon Schwabl Advertising Inc 1595 Mosely Road Victor NY 14564 Marketing support 400486 Thompson and Dilcher LLC 59 South Lake Ave Bergen NY 14416 Construction firm 237717 Royall and Company 1920 E Parham Road Richmond VA 23228 Marketing support 208804 7 0 0 0 0 328948 1468168 0 1797116 Gross tuition and fees 611310 37140994 37140994 0 0 Room and Board 611310 5795100 5795100 0 0 Other student fees 611310 923066 923066 0 0 0 0 0 0 43859160 232898 216398 16500 0 0 0 0 0 0 0 0 0 0 0 28472938 0 28735826 0 -262888 0 -262888 0 0 -262888 0 Reimbursements and other 611310 934341 934341 0 0 0 0 0 0 934341 46560627 45009899 16500 -262888 242500 242500 9912056 9912056 0 0 829330 292632 380851 155847 15719303 13710156 1757597 251550 504339 439877 56391 8071 3135259 2479145 584840 71274 1409293 1196227 179523 33543 39207 26330 12877 30580 30580 32000 32000 919503 858110 31452 29941 959969 587915 359268 12786 895176 659548 189157 46471 693459 106913 586546 0 2126745 1938935 171386 16424 790602 622881 134390 33331 153097 123757 28294 1046 243839 243839 2491045 2365553 112662 12830 340741 323287 15046 2408 Academic costs, books, etc. 2338701 2240315 96333 2053 Equipment and other 258519 195896 11924 50699 Bad debt expense 393527 393527 0 0 Tuition waivers 112178 112178 0 0 44570968 39045247 4752570 773151 0 0 5999503 7842715 1337875 1313199 2582713 2855406 0 0 0 0 3626019 3705648 93530 86920 393012 447354 80407966 30189578 50340468 50218388 9172340 11786443 4655498 4074864 0 0 895897 928338 79096855 83259275 2030574 2042619 2348097 2622163 1445506 1241202 0 0 0 0 0 0 741551 641567 6000 6000 3479221 3988569 10050949 10542120 X 61980771 65458992 1409592 1323516 5655543 5934647 69045906 72717155 79096855 83259275 X 0 1 1 X 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 0 0 0 0 13319345 233368 1498189 701950 126610 0 14222342 17452619 633408 -3938368 728828 99486 0 13319345 0.5 0.5 0 0 0 0 2007409 2007409 0 60216834 18237038 41979796 0 0 0 0 0 14122898 10041846 4081052 0 4060825 1910694 2150131 50218388 3272017 F 13000 C Cash surrender value of life insurance 789847 F 4074864 Contributions receivable split int agrmts 252599 Due from Northeastern Seminary 675739 928338 0 PV of annuities payable 1978802 Interest rate swap liability 841830 Asset retirement obligation 1167937 3988569 46560627 44570968 1989659 1395373 0 0 0 286217 1681590 3671249 38087661 1395373 0 0 -9912056 -8516683 46604344 0 -43717 -43717 46560627 34416412 0 0 0 -10154556 -10154556 44570968 0 0 0 44570968 SchD_P05_S00_L04 Schedule D, Part V, Line 4 The College's endowment funds are used to fund scholarships to our students according to the terms of each individual endowed fund agreement. The college uses a five percent spending rate on a three year moving average of the endowment market value. SchD_P10_S00_L00 Schedule D, Part X Roberts Wesleyan College is a not-for-profit corporation exempt from income taxes as an organization qualified under Section 501(c)(3) of the Internal Revenue Code. Roberts Wesleyan College has also been classified as an organization that is not a private foundation. CGRI is a for-profit corporation organized under Section 402 of the New York State Business Corporation Law. The College has adopted ASC Section 740, which addresses the determination of whether tax benefits claimed or expected to be claimed on a tax return should be recorded in the financial statements. For tax-exempt entities, their tax-exempt status itself is deemed to be an uncertainty, since events could potentially occur to jeopardize their tax-exempt status. ASC Section 740 provides guidance on derecognition, classification, interest and penalties, accounting in interim periods, disclosures, and transition. The College adopted the provisions of ASC Section 740 on July 1, 2009 and there was no impact on the consolidated financial statements. At the date of adoption and as of June 30, 2010, the College did not have a liability for unrecognized tax benefits. The College files tax returns in the U.S. federal jurisdiction. The College is no longer subject to U.S. federal tax examinations by tax authorities for years through 2006. SchD_P11_S00_L08 Schedule D, Part XI, Line 8 Change in value to split interest agreements $286,217 SchD_P12_S00_L02d Schedule D, Part XII, Line 2d Institutional aid netted against gross tuition revenues SchD_P12_S00_L04b Schedule D, Part XII, Line 4b Transfer to 501(c)(3) affiliate $242,500, change value of split interest agreements -$286,217, Institutional student aid netted against tuition income -$9,912,056 SchD_P13_S00_L02d Schedule D, Part XIII, Line 2d Institutional aid netted against gross tuition income in financial statements and $242,500 transferred to Northeastern Seminary. 1 1 1 Roberts Wesleyan College complies with all applicable non-discrimination laws and is committed to the enhancement of human dignity and workplace diversity. This is advertised in employment related ads and on our website at www.roberts.edu. 1 1 1 1 0 0 0 0 0 0 0 0 1 0 Roberts Wesleyan receives grants from both Federal and New York State governments. This includes aid administered through the Perkins Loan and Pell Grant programs (Federal) and Bundy Aid, TAP, and Nursing Grants received through New York State. These amounts are used in direct or indirect support of students, to help offset, in part, the costs of tuition, books, and other costs of attendance. Additionally, the college may receive capital grants from both Federal and State agencies which are used to help upgrade facilities. 1 1 Northeastern Seminary 2265 Westside Drive Rochester NY 14624 161554414 501(c)(3) 242500 Operating support for Northeastern Seminary per Roberts Wesleyan Board of Trustees. 1 0 Scholarships 1950 9912056 Determined by date of enrollment Scholarship assistance to students which reduce net amount payable to the College. SchI_P01_S00_L02 Schedule I, Part I, Line 2 The college offers scholarship assistance to students based on financial need, academic merit, or a combination thereof. Some of these scholarships are funded via endowed funds or annual gift income. Need based awards are based on expected family contribution towards the cost of education as determined by the FAFSA for each year. X X X 1 1 X X X X X X 0 1 0 0 0 0 0 0 0 John Martin 211888 0 0 0 0 0 9890 0 79529 0 301307 0 0 0 Robert Zwier 139569 0 0 0 0 0 7283 0 24303 0 171155 0 0 SchJ_P01_S00_L01a Schedule J, Part I, Line 1a The College President's spouse is considered a key representative of the college and therefore travel costs related to certain official college related meetings are covered for her. The College President resides in college provided housing which also serves as a place for meeting with college guest, student, donors, and alumni at various times. Also, the college does pay dues for the President for one major club in the Rochester, New York area to provide quality, off-campus meeting venues. Only individuals, not organizations, are allowed to join this club. The President uses this membership entirely for college related business. SchJ_P01_S00_L04 Schedule J, Part I, Line 4 Individual cabinet members are eligible to participate in a non-qualified salary deferral plan under section 457(b) of the IRS code. Various Employees Scholarship aid is given to all employee dependents who are academically qualified. F990_P01_S00_L05 Form 990, Part I, Line 5 This number reflects W-2 issued, which overstates the number of employee for the College. Total employee headcount for FY 2009-10 was 470 plus an additional 350 student workers for an employee count of about 820. F990_P01_S00_L09 Form 990, Part I, Line 9 Institutional aid had been netted against gross tuition in previous year reports. Our auditors had suggested that this should be shown as an expense. Accordingly, program revenues and expenses appear to be higher on a year over year basis. F990_P01_S00_L13 Form 990, Part I, Line 13 Institutional aid had been netted against gross tuition in previous year reports. Our auditors had suggested that this should be shown as an expense. Accordingly, program revenues and expenses appear to be higher on a year over year basis. F990_P01_S00_L18 Form 990, Part I, Line 18 Institutional aid had been netted against gross tuition in previous year reports. Our auditors had suggested that this should be shown as an expense. Accordingly, program revenues and expenses appear to be higher on a year over year basis. F990_P05_S00_L07g Form 990, Part V, Line 7g No contributions of qualified intellectual property were received by the organization. F990_P05_S00_L07h Form 990, Part V, Line 7h No contributions of cars, boats, or other vehicles were received by the organization. F990_P06_S0A_L02 Form 990, Part VI, Section A, Line 2 David Hoselton owns Hoselton Auto Mall and may, from time to time, sell vehicles with a great number of individuals, including board members of the College. Also, Mary Perna works as an independent contractor for another Trustee. F990_P06_S0B_L11 Form 990, Part VI, Section B, Line 11 A draft copy of the form 990 is reviewed by local members of the Business Affairs Committee. The full Board receives a copy of the 990 in PDF format prior to filign with time allowed for questions, if applicable. F990_P06_S0B_L12c Form 990, Part VI, Section B, Line 12c The SVP & Treasurer solicits conflicts of interest statement from Board members and key employees on an annual basis. F990_P06_S0B_L13 Form 990, Part VI, Section B, Line 13 The college had a draft whistle-blower policy, however there were some minor revisions in process such that an approved "Final" policy was not in place at the end of the reporting period. F990_P06_S0B_L15 Form 990, Part VI, Section B, Line 15 The Board's compensation committee reviews all key employee salary in conjunction with the VP of Administration and using benchmarking data from both local and national pay databases. F990_P06_S0C_L19 Form 990, Part VI, Section C, Line 19 Such documents are currently available upon request. Financial Statements are also available via College website and NACUBO's website. F990_P09_S00_L02 Form 990, Part IX, Line 2 In previous years, institutional aid was netted against gross tuition income. Our auditors had suggested that more typically, colleges show institutional aid as an expense. This accounts for the significant jump in both income and expense shown this year. F990_P10_S00_L25 Form 990, Part X, Line 25 Liabilities related to CRUT's held by another entity but for which Roberts Wesleyan was the plan trustee had been moved to reflect the correct balances for the prior year. These resulted in an increase in the net liability, offset by a decrease to the temporarily and permanently restricted net assets. F990_P10_S00_L28 Form 990, Part X, Line 28 Liabilities related to CRUT's held by another entity but for which Roberts Wesleyan was the plan trustee had been moved to reflect the correct balances for the prior year. These resulted in an increase in the net liability, offset by a decrease to the temporarily and permanently restricted net assets. F990_P10_S00_L29 Form 990, Part X, Line 29 Liabilities related to CRUT's held by another entity but for which Roberts Wesleyan was the plan trustee had been moved to reflect the correct balances for the prior year. These resulted in an increase in the net liability, offset by a decrease to the temporarily and permanently restricted net assets. Northeastern Seminary 2265 Westside Drive Rochester NY 14624 161554414 Seminary-graduate course programs in Divinity NY 501(c)(3) 2 N/A Housing Development Foundation Inc 2301 Westside Drive Rochester NY 14624 161583317 Housing for college students NY 501(c)(3) 9 N/A College Greene Residences Inc 2301 Westside Drive Rochester NY 14624 161360689 Retirement community NY N/A C 23015 325019 1 1 1 0 1 0 0 0 0 1 1 1 0 1 1 1 1 1 1 College Greene Residences Inc a-i 16500