2011-02-08T08:54:46-06:00 2010-06-30 Parent Dott and Company Ltd P O Box 516 Beaver Dam WI 539160516 990 2009-07-01 390806363 WAYLAND ACADEMY WAYL 9208853373 101 NORTH UNIVERSITY AVENUE BEAVER DAM WI 539162253 RODNEY D MILLER 9208853373 2011-02-07 1 Daniel C Bartelt CPA 9208853388 2011-02-07 2009 2016-02-24 21:20:13Z JOSEPH LENNERTZ 101 NORTH UNIVERSITY AVENUE BEAVER DAM WI 539162253 7237448 0 X WWW.WAYLAND.ORG X 1855 WI SEE PART III, #1 21 20 61 174 0 0 1541105 1176543 4854176 4394214 298481 339850 72655 69294 6766417 5979901 0 0 2661712 2678755 0 488781 3534414 3463850 6196126 6142605 570291 -162704 20686029 22556588 4465395 5693282 16220634 16863306 TO PREPARE YOUNG PEOPLE FOR A SUCCESSFUL COLLEGE EXPERIENCE IN A RAPIDLY CHANGING WORLD BY OPENING THEIR MINDS TO THE PURSUIT OF KNOWLEDGE AND THEIR HEARTS TO THE DEVELOPMENT OF STRONG CHARACTER. 0 0 4439699 4394214 EDUCATIONAL SERVICES PROVIDED TO HIGH SCHOOL STUDENTS TO PREPARE EACH STUDENT FOR A SUCCESSFUL COLLEGE EXPERIENCE, TO BE SUCCESSFUL BEYOND THE HIGH SCHOOL YEARS AND TO LEAD MEANINGFUL LIVES. ENROLLMENT FOR THE 2009-10 ACADEMIC YEAR WAS 225 STUDENTS. 4439699 1 1 0 0 0 0 1 0 1 1 1 0 1 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 26 0 1 61 1 0 0 0 0 0 1 1 0 0 0 21 20 0 0 0 0 0 0 0 1 0 0 0 1 0 1 1 1 1 0 X RODNEY D MILLER CFO 9203562120 101 N UNIVERSITY AVE BEAVER DAM WI 53916 SUSAN A PETERSON 8.00 X 0 0 0 ROBERT W KUEHLING 6.00 X 0 0 0 ALLEN J PROCTOR 6.00 X 0 0 0 FREDERICK E BISHOP 4.00 X 0 0 0 HARRY L CODY 4.00 X 0 0 0 JOHN W FABER 4.00 X 0 0 0 VICTOR FALK 4.00 X 0 0 0 MICHELLE HEBL 4.00 X 0 0 0 JAMES L JANIK 6.00 X 0 0 0 RICHARD H KIMBERLY 4.00 X 0 0 0 SCOTT LOWELL 4.00 X 0 0 0 WILLIAM T LUEDKE IV 4.00 X 0 0 0 JOHN B MCKINSTRY 4.00 X 0 0 0 ELIZABETH W PARKER 6.00 X 0 0 0 EJ PLESKO 4.00 X 0 0 0 CURTIS D RADFORD 4.00 X 0 0 0 MARK C RAUSCHERT 4.00 X 0 0 0 SYLVIA ROWE 4.00 X 0 0 0 ROSINA SAMADANI 4.00 X 0 0 0 JUDY RONIN SCHERB 4.00 X 0 0 0 HILARY SCOTT 4.00 X 0 0 0 GEORGIANNA S STARZ 4.00 X 0 0 0 BURNETT G SULLIVAN 4.00 X 0 0 0 MICHAEL VANHAREN 4.00 X 0 0 0 ROBERT L ESTEN 40.00 X 120347 0 5470 RODNEY D MILLER 40.00 X 90833 0 3185 TRENT JACKSON 40.00 X 132368 0 5544 343548 0 14199 2 0 0 0 SODEXO INC 4880 PAYSHPERE CIRCLE CHICAGO IL 60674 FACILITIES MANAGMENT AND FOOD SERVICE 1287978 1 56341 1120202 241487 1176543 TUITION AND FEES FOR E 900099 4332122 4332122 PROGRAM RELATED STORE 453000 51293 51293 PROGRAM RELATED INVEST 900099 10799 10799 4394214 212345 212345 8669 8669 54982 21645 33337 33337 33337 1342294 1205045 9744 137249 -9744 127505 127505 21088 56341 21088 0 3460 25 3435 3435 ALUMNI/PARENTS EVENTS 900099 14573 14573 MISCELLANEOUS REVENUE 900099 5356 5356 PROPERTY DAMAGE FEES 900099 3924 3924 23853 5979901 4394214 0 409144 357747 219835 137912 1904562 1357847 370071 176644 52951 32719 12786 7446 202772 125296 48962 28514 160723 99313 38809 22601 19696 19696 49997 49997 30064 30064 48415 48415 21264 6194 15070 158297 1741 142690 13866 61522 61522 417066 417066 76626 36913 5378 34335 61116 969 26151 33996 149437 119914 29523 547224 547224 92616 92616 CONTRACTED SERVICES 1314259 1314259 SUPPLIES 220093 176799 26460 16834 STORE PURCHASES 35470 35470 ATHLETIC FEES 35292 35292 DUES AND SUBSCRIPTIONS 30682 10861 18258 1563 94714 66494 28220 6142605 4439699 1214125 488781 306187 587541 1720563 685429 787710 408902 53329 36583 36291 39577 63177 52765 19356106 7989719 9442046 11366387 7666033 8718827 28469 29009 474545 520725 107679 110843 20686029 22556588 403020 434781 1940178 2089529 1919302 2940147 202895 228825 4465395 5693282 X 6157259 6567403 1250076 1175057 8813299 9120846 16220634 16863306 20686029 22556588 X 0 1 1 X 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X 0 0 0 7694503 368532 1114864 -400000 -30063 8747836 9691213 -1578968 -390579 -27163 7694503 0.00330 0.99670 0 0 486368 486368 16004071 6305707 9698364 2104367 1251320 853047 761300 432692 328608 11366387 CLUB ACCOUNTS 14190 PRESENT VALUE OF FUTURE ANNUITY OBLIGATIONS 174087 CAPITAL LEASE OBLIGATION 40548 228825 5979901 6142605 -162704 769961 35415 805376 642672 6792623 769961 72825 842786 5949837 30064 30064 5979901 6149951 37411 37411 6112540 30064 1 30065 6142605 Part III, Line 1a: COLLECTIBLE ITEMS DONATED TO THE ORGANIZATION SINCE 1997 THAT HAVE NOT BEEN CAPITALIZED INCLUDE A WORK OF ART THAT IS HELD FOR PUBLIC EXHIBITION IN THE COURTYARD OF THE CAMPUS. THE ARTWORK WAS DONATED TO THE ORGANIZATION IN OCTOBER 2007 AND HAD AN APPRAISED VALUE OF APPROXIMATELY $31,000 AT THE TIME OF THE CONTRIBUTION. THE COLLECTION IS NOT SUBJECT TO ANY RESTRICTIONS BY THE DONOR. Part III, Line 4: WORK OF ART HELD FOR PUBLIC EXHIBITION IN THE COURTYARD OF THE SCHOOLS CAMPUS SERVES TO BEAUTIFY THE GROUNDS FOR STUDENTS, PARENTS, PROSPECTIVE STUDENTS, AND ALL OTHER VISITORS TO THE ACADEMY. Part V, Line 4: Description of Intended Use of Endowment Funds: THE ORGANIZATION'S INVESTED ASSETS WHICH SERVE AS THE ENDOWMENT FUND CONSISTS OF TEMPORARILY RESTRICTED FUNDS BEING HELD FOR THE PURPOSES DESIGNATED BY A DONOR AT THE TIME OF THE ORIGINAL GIFT TO PROVIDE FINANCIAL ASSISTANCE TO INDIVIDUALS DESIRING TO ATTEND THE ACADEMY, AND OTHER ASSISTANCE TO VARIOUS EDUCATIONAL AND ATHLETIC PROGRAMS OFFERED BY THE ACADEMY. ADDITIONALLY THE ENDOWMENT ALSO CONSISTS OF PERMANENTLY RESTRICTED NET ASSETS COMPRISED OF CONTRIBUTIONS DESIGNATED TO BE HELD INDEFINITELY BY A DONOR, AND TEMPORARILY INVESTED FUNDS WHICH ARE UNRESTRICTED IN NATURE AND DESIGNATED BY THE BOARD OF DIRECTORS TO FUNCTION AS ENDOWMENTS. Part XI, Line 8 - Other Adjustments: ACTUARIAL CHANGE TO ANNUITY OBLIGATIONS: -10766. ACTUARIAL CHANGE TO PERPETUAL TRUST: 46180. ROUNDING ADJUSTMENT: 1. Part XII, Line 2d - Other Adjustments: ACTUARIAL CHANGE TO PERPETUAL TRUST INCLUDED ON FORM 990, SCH D, PART XI: 46180. RENTAL EXPENSES INCLUDED ON FORM 990, PART VIII, LINE 6b: 21645. PLEDGE ADJUSTMENT INCLUDED ON FORM 990, PART VIII, LINE 1F: 5000. Part XIII, Line 2d - Other Adjustments: RENTAL EXPENSES INCLUDED ON FORM 990, PART VIII, LINE 6b: 21645. ACTUARIAL CHANGE TO ANNUITY OBLIGATIONS INCLUDED ON FORM 990, SCH D, PART XI: 10766. PLEDGE ADJUSTMENT INCLUDED ON FORM 990, PART VIII, LINE 1f: 5000. Part XIII, Line 4b - Other Adjustments: ROUNDING ADJUSTMENT: 1. PART X, LINE 2: THE PROVISION OF FINANCIAL ACCOUNTING STANDARDS BOARD (FASB) ASC 740-10 (FORMALLY FASB INTERPRETATION NO. 48, ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES) WAS ADOPTED ON JULY 1, 2009. THE MOST SIGNIFICANT TAX POSITION OF WAYLAND ACADEMY IS ITS ASSERTION THAT IT IS EXEMPT FROM INCOME TAXES. OTHER SIGNIFICANT TAX POSITIONS INCLUDE ITS DETERMINIATION OF NET EARNINGS SUBJECT TO UNRELATED BUSINESSTAX (UBIT). ALL SIGNIFICANT TAX POSITIONS HAVE BEEN CONSIDERED BY MANAGEMENT AND IT HAS BEEN DETERMINED THAT IT IS MORE LIKELY THAN NOT THAT ALL TAX POSITIONS WILL BE SUSTAINED UPON EXAMINATION OF TAXING AUTHORITIES. THE CHANGE IN GENERALLY ACCEPTED ACCOUNTING PRINCIPLES WAS FIRST EFFECTIVE FOR FISCAL YEARS BEGINNING AFTER DECEMBER 15, 2008 AND WAS APPLIED RETROSPECTIVELY AS OF THE BEGINNING OF THE FISCAL YEAR ENDING JUNE 30, 2010. UPON ADOPTION AT JULY 1, 2009 AND AT JUNE 30, 2010 THERE WERE NO UNRECOGNIZED TAX BENEFITS IDENTIFIED AND RECORDED AS A LIABILITY. THE ACADEMY IS REQUIRED TO FILE FORM 990 (RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX) WHICH IS SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE (IRS) UP TO THREE YEARS FROM THE EXTENDED DUE DATE OF THE TAX RETURN. THE FORMS 990 FOR 2006 THROUGH 2008 ARE OPEN TO EXAMINATION BY THE IRS AS OF JUNE 30, 2010. 1 1 1 ALL ADVERTISING INCLUDES A STATEMENT OF THE ACADEMY'S NONDISCRIMINATION POLICY. 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 SPRING GALA AND AUCTION 77429 56341 21088 21088 77429 56341 21088 21088 21088 0 X 6 185146 MARKET QUOTATIONS X AUCTION ITEMS 173 56341 SELLING PRICE 0 0 1 Third Party Use: Part I, Line 32b: WAYLAND ACADEMY USES A STOCKBROKER TO SELL DONATED SECURITIES. Form 990, Part VI, Section A, line 8b WRITTEN DOCUMENTATION OF MEETINGS OF EACH COMMITTEE WITH THE AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY IS NOT CURRENTLY REQUIRED. Form 990, Part VI, Section B, line 11 Prior to the October board meeting, the Form 990 in paper format is reviewed by the Finance Committee members, the organizations CEO and CFO. At the October board meeting each voting member of the organization's governing body receives a copy of the organizations final Form 990and financial statements in a paper format. Additionally at the October board meeting, our auditors and the organization's management presented a formal review of the financial statements and Form 990 in the presence of the entire board. After this October board meeting, Form 990 is filed electronically with the IRS. Form 990, Part VI, Section B, line 15 The executive committee of the Board of Trustees meets and discusses with the organization's CEO his evaluation and compensation package by the January board meeting. Comparable data is obtained and is used in the process for the determination of a compensation package. The financial ability by the organization to pay an appropriate wage and compensation package is a major factor in determining the package. A written contract signed by the Chairperson and CEO, is utilized explaining the compensation package. Other key employees are annually evaluated by the CEO and a review of this evaluation is completed by March 1st. Comparable data is obtained and utilized for determination of a compensation package. The financial ability by the organization to pay an appropriate wage and compensation package is a major factor in determining the package. A written one year contract signed by the key employee and CEO is utilized explaining the compensation package. Form 990, Part VI, Section C, line 19 THE ORGANIZATION DOES NOT GENERALLY MAKE ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC. IF A REQUEST WOULD BE MADE, IT WOULD BE DECIDED ON AN INDIVIDUAL CASE BY CASE BASIS BY THE CEO OR CFO TO MAKE ANY OR ALL THE DOCUMENTS AVAILABLE FOR PUBLIC INSPECTION.