2011-04-15T15:54:16-04:00 2010-05-31 KPMG LLP 1676 International Drive McLean VA 22102 990 2009-06-01 240795506 Wilkes University WILK 5704084500 84 West South Street WilkesBarre PA 187660999 Loren Prescott 2011-04-15 7032868000 2009 2016-02-24 21:20:13Z President Joseph E Gilmour 84 West South Street WilkesBarre PA 18766 133633788 false X WWW.WILKES.EDU X 1933 PA To educate our students for learning and success in an evolving and multicultural world through a commitment to individualized attention, exceptional teaching, and academic excellence. 34 31 1859 190 0 0 7202489 5873258 89385254 92904654 1091574 488746 2094667 2520549 99773984 101787207 22556974 23301196 0 0 41533878 44313246 0 7304 1043650 31881380 31712892 95972232 99334638 3801752 2452569 138247177 144202555 70032764 70455773 68214413 73746782 To continue the Wilkes tradition of liberally educating our students for lifelong learning and success in a constantly evolving and multicultural world through a commitment to individualized attention, exceptional teaching, scholarship and academic excellence, while continuing the university's commitment to community engagement. false false 35430516 63162 83547927 Instruction Includes all expenditures for activities that are part of the institution's instructional programs. This includes credit and non-credit courses, academic, vocational, and technical instruction. The University offers 36 undergraduate majors, 10 graduate programs and several Pre-Professional programs. Enrollment includes 2,200 full-time undergraduate students from over 19 states and 12 foreign countries. Class sizes are kept small to enable greater access to professors and more individualized attention in the classroom. Undergraduate freshmen class sizes average 22 students with 17 students for upper level classes. Wilkes is dedicated to being a leader in higher education throughout the Northeastern United States and is dedicated to academic excellence through mentoring. 25161947 23238034 Scholarship Includes expenditures for general, need based, and endowment scholarships and fellowships from restricted or unrestricted current funds in the form of grants to students, resulting from selection by Division of Enrollment Management, At least 85% of students received some form of financial aid. Grants awarded include Pennsylvania State Grants (PHEAA) and Wilkes need based grants. Included in this figure is tuition remission for graduate assistants and other local colleges and programs. 9079534 Student Services Includes funds expended for activities with the primary purpose of contributing to the student's emotional and physical well-being and intellectual, cultural, and social development outside the context of the formal instruction program. Wilkes classifies the following offices into this program: Offices of Enrollment Services (Admissions), Registrar, Financial Aid Administration, Career Services, and Health and Wellness Services. In addition, expenditures for student activities, cultural events, intramural and intercollegiate athletics, freshman orientation, and student clubs and organizations are considered student services for financial statement purposes. 1184807 0 0 Research - see attachment 2 850977 0 0 Public Service - see atch 2 6855365 0 0 Academic Support - see atch 2 8891149 0 0 78563146 true true false false false false true false true true true false true true true false true false true false false false true true true false false false false false false false false false true true false false false true false false false false true 289 0 true 1859 true false true CJ false false false true true false false false 34 31 false false false false false false false true true false false true true true true true true false false false PA X JANET KOBYLSKI 5704084502 84 WEST SOUTH STREET WILKESBARRE PA 187660999 REVEREND MICHAEL BREWSTER 2.0 X 0 0 0 DANIEL CARDELL 9.0 X 0 0 0 LAURA CARDINALE 2.0 X 0 0 0 TERRY CASEY 2.0 X 0 0 0 DENISE S CESARE 7.0 X 0 0 0 CHARLES F COHEN 3.0 X 0 0 0 DOUG COLANDREA 3.0 X 0 0 0 JEFF DAVIDOWITZ 2.0 X 0 0 0 SHELLEY FREEMAN 1.0 X 0 0 0 MICHAEL I GOTTDENKER 9.0 X X 0 0 0 DAVID GREENWALD 2.0 X 0 0 0 JASON GRIGGS 6.0 X 0 0 0 WILLIAM HANBURY 2.0 X 0 0 0 JOHN KERR 3.0 X 0 0 0 CAROL KEUP 1.0 X 0 0 0 MILAN S KIRBY 4.0 X 0 0 0 DANIEL KLEM JR 4.0 X 0 0 0 DAN F KOPEN MD 1.0 X 0 0 0 DOROTHY DARLING MANGELSDORF 2.0 X 0 0 0 MELANIE MASLOW LUMIA 1.0 X 0 0 0 MICHAEL J MAHONEY 9.0 X X 0 0 MARJORIE MARQUART 3.0 X 0 0 0 GEORGE J MATZ 3.0 X 0 0 0 JOHN R MILLER 9.0 X X 0 0 0 WILLIAM R MILLER 2.0 X 0 0 0 GERALD A MOFFATT 7.0 X 0 0 0 ROBERT A MUGFORD 4.0 X 0 0 0 GEORGE PAWLUSH 5.0 X 0 0 0 HEDY RITTENMEYER 3.0 X 0 0 0 STEVEN ROTH 4.0 X 0 0 0 JAY S SIDHU 8.0 X X 0 0 0 VIRGINIA P SIKES 5.0 X 0 0 0 ELIZABETH A SLAUGHTER PHD 5.0 X 0 0 0 JOSEPH E GILMOUR 75.0 X X 257026 0 101848 PETRA CARVER 60.0 X 148262 0 21376 G REYNOLD VERRET 60.0 X 214725 0 57473 PAUL ADAMS 50.0 X 132326 0 22481 MICHAEL WOOD 50.0 X 135000 0 31314 MELANIE MICKELSON 50.0 X 110967 0 16378 LOREN PRESCOTT 50.0 X 225000 0 42999 BERNARD GRAHAM 50.0 X 180577 0 25568 PAUL BROWNE 50.0 X 159542 0 28397 MICHAEL SPEZIALE 50.0 X 139815 0 19323 DALE BRUNS 50.0 X 141829 0 20955 MICHAEL STEELE 50.0 X 135698 0 12586 THOMAS BALDINO 50.0 X 133501 0 19547 S KALIM 50.0 X 159983 0 17880 2274251 0 438125 54 false true false SUNGARD HIGHER EDUCATION INC 4 COUNTRY VIEW ROAD MALVERN PA 19355 IT MANAGEMENT 3384541 160 OVER 90 1 SOUTH BROAD STREET 10TH FLOOR PHILADELPHIA PA 19107 MARKETING 588293 DISCOVERY EDUCATION INC 1 DISCOVERY PLACE SILVER SPRING MD 209103354 ACADEMIC COURSES 404301 SODEXHO OPERATIONS 4880 PAYSPHERE CIRCLE CHICAGO IL 60674 FOOD SERVICE MGMT 2933243 LEARNING SERVICES INTERNATIONAL 175 CORNELL ROAD BLAIRSVILLE PA 15717 ACADEMIC COURSES 1075610 15 111215 3220082 2541961 34116 5873258 TUITION AND FEES 900099 83547927 83547927 AUXILIARY ENTERPRISES 900099 9356727 9356727 92904654 975284 975284 147 147 314754 314754 100454 97028 3426 3426 3426 30893019 176950 31518565 38089 -625546 138861 -486685 -486685 42292 111215 192899 -150607 -146341 -4266 0 0 MISCELLANEOUS 900099 677881 677881 ENDOWMENT DRAWDOWNS 900099 1675095 1675095 2352976 101787207 95111289 0 802660 0 23238034 23238034 63162 63162 0 2032828 936569 1096259 0 32961658 27458088 5008477 495093 2247121 1826543 379236 41342 4386981 3512881 842178 31922 2684658 2273124 373251 38283 0 135297 60011 75286 181432 7182 174250 0 7304 7304 187435 187435 0 1021158 202091 818568 499 3163858 1409347 1687777 66734 4032145 2882698 1148646 801 0 3248490 1938633 1309857 713173 625537 50552 37084 0 302936 213835 86598 2503 2637751 1386943 1250808 0 4491381 2379774 2111607 302697 302697 CONTRACTED SERVICES 5905764 4657741 1229086 18937 ENTERTAINMENT 1009363 720540 263602 25221 BAD DEBTS 1002622 828304 174318 EQUIPMENT MAINTENANCE 774608 86527 682266 5815 PRINTING AND PUBLICATIONS 903392 567223 281817 54352 1699390 985662 670286 43442 99334638 78563146 19727842 1043650 12646891 17705448 3201171 1893430 2367359 2133313 4338508 4026427 673296 736971 139758690 68445175 73003607 71313515 28300122 31136394 12387980 13981514 1328243 1275543 138247177 144202555 6763108 6992015 1355219 1197334 52975000 52975000 171144 86790 8768293 9204634 70032764 70455773 X 34580353 38480984 11615200 12336275 22018860 22929523 68214413 73746782 138247177 144202555 X false true true X true true X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1441500 X false 29448828 906589 4155073 1675095 168322 32667073 38843902 964402 -8661856 1530321 167299 29448828 0.20000 0.52000 0.28000 false false 5239356 5239356 96451222 38080771 58370451 26486018 23377743 3108275 11582094 6986661 4595433 71313515 REAL ESTATE INVESTMENT TRUST 12979 F ALTERNATIVE INVESTMENTS 4874813 F BENEFICIAL INTEREST IN TRUSTS 6022449 F FUNDS HELD IN TRUST FOR OTHERS 3071273 F 13981514 0 UNAMORTIZED BOND PREMIUM 1012993 POSTRETIREMENT BENEFITS 1236141 LIABILITY UNDER SPLIT INTEREST 395780 INVESTMENTS HELD IN TRUST FOR OTHERS 3071273 DEPOSITS HELD IN CUSTODY FOR OTHERS 51630 ADVANCED FROM FED GOVT (LOAN FDS) 3436817 9204634 101787207 99334638 2452569 2603461 476339 3079800 5532369 81738110 2603461 19000 289927 2912388 78825722 136628 22824857 22961485 101787207 76205741 19000 289927 308927 75896814 136628 23301196 23437824 99334638 ENDOWNMENT FUND SCHEDULE D, PART V, LINE 4 THE INTENDED USE OF THE UNIVERSITY'S ENDOWMENT FUNDS IS TO FUND SCHOLARSHIPS AS WELL AS DEPARTMENTAL CHAIRS AND TO SUPPORT OPERATING EXPENSES. CHANGE IN NET ASSETS SCHEDULE D, PART XI, LINE 8 CHANGE IN VALUE OF PERPETUAL TRUSTS AND SPLIT INTEREST AGREEMENTS.......................476,339 REVENUE RECONCILIATION SCHEDULE D, PART XII, LINES 2D AND 4B LINE 2D RENT EXPENSES........................................97,028 DIRECT EXPENSES (SPECIAL EVENT).....................192,899 ========= TOTAL...............................................289,927 LINE 4B SCHOLARSHIP AID..................................23,238,034 TUITION DISCOUNT.....................................63,162 CHANGE IN VALUE OF PERPETUAL TRUSTS AND SPLIT INTEREST AGREEMENTS......................(476,339) =========== TOTAL............................................22,824,857 RECONCILIATION OF EXPENSES SCHEDULE D, PART XIII, LINES 2D AND 4B LINE 2D RENT EXPENSES........................................97,028 DIRECT EXPENSES (SPECIAL EVENT).....................192,899 ========= TOTAL...............................................289,927 LINE 4B SCHOLARSHIP AID..................................23,238,034 TUITION DISCOUNT.....................................63,162 =========== TOTAL............................................23,301,196 TAX POSITIONS UNDER FIN 48 SCHEDULE D, PART X, LINE 2 THERE WAS NO MATERIAL IMPACT ON THE UNIVERSITY'S FINANCIAL STATEMENTS AS A RESULT OF THE ADOPTION OF FIN 48 IN FISCAL YEAR 2008. WORKS OF ART SCHEDULE D, PART III, LINE 4 A COLLECTION OF ARTWORK IS MAINTAINED BY THE UNIVERSITY PURELY FOR PUBLIC DISPLAY BOTH IN THE ART GALLERY AND AMONG CAMPUS. THEY ARE NOT HELD FOR SALE. true true true All publications in the areas of recruitment publicize the University's NON-DISCRIMINATORY POLICY. true true true true false false false false false false false false true false Loan Programs (Perkins and Nursing), SEOG, College Work Study, IAG (INSTITUTIONAL ASSISTANCE GRANT), PELL GRANT, MISCELLANEOUS NEED-BASED PHEAA GRANTS, NATIONAL GUARD AWARDS, AND PRIVATE SCHOLARSHIPS (ROTC PROGRAM). true Central America and the Caribbean Program Services INVESTMENTS South Asia Program Services FOREIGN STUDY 73810 South Asia Grantmaking 63162 East Asia and the Pacific 1 Program Services RECRUITING STUDENTS 9375 South Asia 1 Program Services RECRUITING STUDENTS 5000 2 151347 TUITION DISCOUNT South Asia 29 0 OTHER 63162 DISCOUNT FMV Golf Tournament 19785 5085 14700 18966 Lecture Series 110714 92132 18582 165974 1 20728 13998 6730 4470 151227 111215 40012 189410 189410 -149398 true Discounts to Alumni and Dependents 1 2469 NAMED SCHOLARSHIPS 265 1013375 NEED BASED GRANTS AND SCHOLARSHIPS 1354 6399190 OTHER SCHOLARSHIPS 1564 13424516 REMISSIONS - GRAD ASSISTANTS UPWARD BOUND ETC 531 2398484 SCHEDULE I, PART I, LINE 2 Wilkes University maintains a comprehensive program of financial support to assist students in the financing of their educational programs. The University awards both merit scholarships and need-based grants to undergraduate students. Merit awards are based on high school achievement including SAT scores and high school class rank. Students must complete the Free Application for Federal Student Aid to have their eligibility for need-based aid determined. In addition, the University has a graduate assistantship program that provides remission of tuition charges for those students selected by the Graduate Office to participate in the program. X X X X true true X X X false false false false false false false false false JOSEPH E GILMOUR 257026 0 0 0 0 0 25703 0 76145 0 358874 0 0 0 PETRA CARVER 148262 0 0 0 0 0 14826 0 6550 0 169638 0 0 0 G REYNOLD VERRET 214725 0 0 0 0 0 21473 0 36000 0 272198 0 0 0 PAUL ADAMS 131322 0 0 0 1004 0 13233 0 9248 0 154807 0 0 0 MICHAEL WOOD 135000 0 0 0 0 0 13500 0 17814 0 166314 0 0 0 MICHAEL SPEZIALE 138328 0 0 0 1487 0 13981 0 5342 0 159138 0 0 0 DALE BRUNS 141829 0 0 0 0 0 14183 0 6772 0 162784 0 0 0 THOMAS BALDINO 133501 0 0 0 0 0 12754 0 6793 0 153048 0 0 0 S KALIM 159983 0 0 0 0 0 10744 0 7136 0 177863 0 0 0 LOREN PRESCOTT 225000 0 0 0 0 0 22500 0 20499 0 267999 0 0 0 BERNARD GRAHAM 180577 0 0 0 0 0 18058 0 7510 0 206145 0 0 0 PAUL BROWNE 159078 0 0 0 464 0 15954 0 12443 0 187939 0 0 0 Housing Allowance SCHEDULE J, PART I Housing is provided for the University President , VP of Finance and University's provost as well as their families. This includes payment of all utilities and insurance on the house. Health or Social Club Dues Sch J Part 1 All University employees are offered a membership at the local YMCA. In addition, certain members of the president's cabinet belong to a local social club which requires dues of $102 per month. Personal Services Sch J Part I Cleaning Services are provided at the President's residence by a University custodian. City of Wilkes Barre FInance Authority Series 2007 968254AC6 2007-05-30 54134142 Refunding bonds & prepaying debt false false 54134142 2127750 51254416 738963 13013 2007 true true true true true true true false true 0.00350 0.04290 0.04640 true false false false false false false Denise Cesare SEE SCHEDULE O 736339 Health Insurance Plan false SHELLY FREEMAN SEE SCHEDULE O 143127 BANKING SERVICES false X 4705 Fair Market Value X Computers and Computer Equipment 1 5963 Fair Market Value X Lab Equipment (includes Steam Monitoring Equipment 3 16299 Fair Market Value X Electronic Equipment 1 360 Fair Market Value X Printing and Publications for Lecture Series 1 5000 Fair Market Value X Office Supplies 2 1789 Fair Market Value false true false GOVERNING DOCUMENTS Form 990, Part IV, Line 28c and Schedule L, Part IV Explanation of related party transactions reported on Schedule L Denise Cesare, a member of the University's Board of Trustees is the President and CEO of Blue Cross of NEPA. Shelley Freeman, a member of the University's Board of Trustees is an Officer with Wells Fargo Bank (Wachovia Bank). The University currently has a banking relationship with various financial institutions, including Wachovia Bank. The services provided by Wachovia Bank include depository, checking account, and a line of credit. During the tax year, the University earned interest of $62,715 and paid service charges and additional fees of $80,412. All contracts in the above relationships are contracted at arm's length through the University's Procurement process which includes a competitive bid process and the persons disclosed are not part of the decision making process. Statement of Program Service Accomplishments Part III, Line 4d Research Includes all expenditures for activities specifically organized to produce research, whether commissioned by an agency external to the institution or separately budgeted within the University. Charged to this program are expenditures related to the Institute for Public Policy and Economic Development, a partnership among several local colleges with the function of producing research to assist community leaders in making informed decisions. In addition to this, the expenses of several research grants are recorded to the research classification. Public Service Includes funds expended for activities established primarily to provide non-instructional services beneficial to individuals and groups external to the University. The expenses of the Small Business Development Center, radio and television studios and several community lecture series are among those posted to this program. Academic Support Includes funds expended to provide support services for the institution's primary mission of instruction, research, and public service. The academic administration of the University including academic deans but not department chairs that are charged to their primary function category are found in this program. All salaries, benefits, and other expenses for the library are also considered academic support. 990 Review Process Form 990, Part VI, Line 11a Wilkes University has established a review process for the form 990. The information is made available to the organization's officers, trustees, and highly compensated individuals prior to filing with the IRS. Monitoring and Enforcing Conflict of Interest Policy Form 990, Part VI, Line 12c Wilkes University's Conflict of Interest policy covers all board members and any individual that has budgetary / financial responsibilities within the University. Any conflicts of interests concerning board members are forwarded to the audit committee for review and approval. All conflict of interest statements are reviewed upon submission and forwarded to the audit committee as appropriate. Any University activities that have a potential conflict are usually detected before a contract is executed. Potential conflicts are reviewed with the VP of Finance and / or Controller for resolution. Process for Determining Compensation Form 990, Part VI, Lines 15a and 15b The Compensation Committee of the Board of Trustees performs an annual review of top management compensation as well as officers and / or key employees. Benchmark data from College and University Professional Association for Human Resources (CUPA) is used for comparative purposes for executive positions. The last benchmarking comparison was completed within the past five years. GOVERNING DOCUMENTS PART VI, SECTION C, LINE 19 WILKES UNIVERSITY MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND AUDITED FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. PRIVATE BUSINESS USE BY OTHER THAN 501(C)(3) ORGANIZATIONS SCHEDULE K, PART III, LINE 4 THE PERCENTAGE SHOWN ON PART III, LINE 4 REPRESENTS RENT RECEIVED FROM A HOLDOVER BUSINESS TENANT OF A BUILDING PURCHASED BY THE UNIVERSITY AND IS CALCULATED ON THE BASIS OF ONE BUILDING WHICH WAS FINANCED BY APPROXIMATELY 19.63% OF THE PROCEEDS OF THE BOND ISSUE. PRIVATE BUSINESS USE AS RESULT OF UNRELATED TRADE OR BUSINESS ACTIVITY SCHEDULE K, PART III, LINE 5 THE AMOUNTS SHOWN ON PART III, LINE 5 REPRESENT RENT RECEIVED FROM ELDERLY HOLDOVER TENANTS OF A BUILDING PURCHASED BY THE UNIVERSITY TO PROVIDE STUDENT HOUSING. THESE NON-STUDENT TENANTS ARE PERMITTED TO STAY IN THE BUILDING UNTIL THE LATER OF 9/1/11 OR THE EXPIRATION OF THEIR CURRENT LEASES. THE PERCENTAGE IS CALCULATED ON THE BASIS OF ONE BUILDING WHICH WAS FINANCED BY APPROXIMATELY 19.63% OF THE PROCEEDS OF THE BOND ISSUE, AND OVER THE TERM OF THE BONDS, AS THESE NON-STUDENT LEASES ARE TERMINATED, THE UNIVERSITY EXPECTS THAT THE UNRELATED USE WILL DROP TO 0% AND REPRESENT A VERY SMALL PORTION OF THE USE OF THE BUILDING. TOTAL PRIVATE BUSINESS USE SCHEDULE K, PART III, LINE 6 THIS PERCENTAGE REPRESENTS USE OF ONLY ONE BUILDING FINANCED WITH APPROXIMATELY 19.63% OF THE BOND PROCEEDS. THE USE AS MEASURED OVER THE ENTIRE BOND ISSUE IS [LESS THAN 1%] OF THE BOND PROCEEDS FOR THE ANNUAL PERIOD COVERED BY SCHEDULE K. PRACTICIES AND PROCEDURES FOR TAX-EXEMPT BOND LIABILITIES SCHEDULE K, PART III, LINE 7 ALTHOUGH WILKES HAS ADOPTED MANAGEMENT PRACTICES AND PROCEDURES TO ENSURE THE POST-ISSUANCE COMPLIANCE OF ITS TAX-EXEMPT BOND LIABILITIES, THESE PRACTICES AND PROCEDURES WERE NOT IN WRITING AT THE END OF WILKES' TAX YEAR. MEMBER OF AN LLC SCHEDULE K, PART III, LINE 1 WILKES UNIVERSITY IS THE SOLE MEMBER OF WU REAL ESTATE, LLC, WHICH IS TREATED AS A DISREGARDED ENTITY OF THE UNIVERSITY. WU REAL ESTATE LLC'S OWNERSHIP OF BOND-FINANCED FACILITIES IS THEREFORE TREATED AS OWNERSHIP BY A 501(C)(3) ENTITY. WU Real Estate LLC 170 S Franklin Street WilkesBarre PA 18766 205799312 Student Renta PA 99677 10585076 Wilkes Univ