2011-05-12T19:00:20-05:00 2010-06-30 CROWE HORWATH LLP 70 West Madison Street Suite 700 Chicago IL 606024903 990 2009-07-01 362182171 WHEATON COLLEGE WHEA 6307525126 501 COLLEGE AVENUE WHEATON IL 60187 DALE KEMP 2011-05-12 true 3128997000 2009 2016-02-24 21:20:13Z DR A DUANE LITFIN PRESIDENT 501 COLLEGE AVENUE WHEATON IL 60187 301333522 false 2691 X WWW.WHEATON.EDU X 1860 IL WHEATON COLLEGE HELPS BUILD THE CHURCH AND IMPROVE SOCIETY WORLDWIDE BY PROMOTING THE DEVELOPMENT OF WHOLE AND EFFECTIVE CHRISTIANS THROUGH EXCELLENCE IN PROGRAMS OF CHRISTIAN HIGHER EDUCATION. 20 19 3040 240 -103593 -93271 20398653 27062371 91819790 95767048 -47964135 15918500 1145842 1554432 65400150 140302351 19819046 22047468 0 0 63808930 62910835 0 4024 4914880 39345835 39134522 122973811 124096849 -57573661 16205502 584082519 624743387 157868928 164943136 426213591 459800251 WHEATON COLLEGE HELPS BUILD THE CHURCH AND IMPROVE SOCIETY WORLDWIDE BY PROMOTING THE DEVELOPMENT OF WHOLE AND EFFECTIVE CHRISTIANS THROUGH EXCELLENCE IN PROGRAMS OF CHRISTIAN HIGHER EDUCATION. false false 69633118 22047468 71510651 EDUCATION AND INSTRUCTION - THE COLLEGE PROVIDES INDIVIDUALS THE OPPORTUNITY TO OBTAIN AN UNDERGRADUATE DEGREE IN 39 AREAS OF MAJOR STUDY. 14 MASTER OF ARTS DEGREES ARE OFFERED AND 2 DOCTORAL DEGREES. THERE ARE APPROXIMATELY 2,900 STUDENTS ENROLLED AT THE COLLEGE. 17222856 0 1778681 STUDENT SERVICES - PROGRAMS ARE PROVIDED FOR THE ENRICHMENT OF THE STUDENTS TO ALLOW THEM TO EXPERIENCE LIFE AS A CHRISTIAN COMMUNITY. WHEATON COLLEGE ATHLETICS SPONSORS 22 SPORTS FOR MALE AND FEMALE STUDENT ATHLETES. 15386406 0 18243673 AUXILIARY ENTERPRISES - THE COLLEGE PROVIDES ROOM AND BOARD FOR ALL ITS STUDENTS. THE BOOKSTORE MAKES BOOKS, STUDY GUIDES AND OTHER RELATED EDUCATIONAL MATERIALS AVAILABLE FOR THE CONVENIENCE OF THE STUDENTS. 2993645 0 4234043 105236025 true true false false true false true false true true false true true false true false false false true false false false true true false false false false true false false false true true false false false true true false false true 269 0 true 3040 true true true true UK false false false true true false false false true false false 20 19 false false false false false false false true true false false true true true true true true true true false AZ CA MD WA X PATRICK BROOKE 6307525126 501 COLLEGE AVENUE WHEATON IL 60187 DANIEL R COATS 2 X X 0 0 0 DAVID K GIESER 2 X X 0 0 0 DUANE LITFIN 40 X X 374171 0 154853 JAMES BOWEN 2 X 0 0 0 STEVEN PRESTON 2 X 0 0 0 DONALD L MEYER 2 X 0 0 0 PHILIP G RYKEN 2 X 0 0 0 EMERY LINDSAY 2 X 0 0 0 KATHRYN H VASELKIV 2 X 0 0 0 HAROLD AIRHART 2 X 0 0 0 BARBARA W ANDERSON 2 X 0 0 0 MELVIN E BANKS 2 X 0 0 0 GARY W GRIFFIN 2 X 0 0 0 JEANETTE L HSIEH 2 X 0 0 0 JAMES PLUEDDEMANN 2 X 0 0 0 SHUNDRAWN A THOMAS 2 X 0 0 0 JOSEPH M STOWELL 2 X 0 0 0 THOMAS C PRATT 2 X 0 0 0 PHILIP G HUBBARD 2 X 0 0 0 GEORGE F BENNETT JR 2 X 0 0 0 DALE KEMP 40 X 72792 0 5950 STANTON JONES 40 X 209396 0 118268 PAUL CHELSEN 40 X 123034 0 27698 MARK DILLON 40 X 209481 0 107556 LON ALLISON 40 X 126708 0 61037 DOROTHY CHAPPELL 40 X 130056 0 15612 DOUG DEMERCHANT 40 X 139584 0 30206 MICHAEL WILDER 40 X 123846 0 60583 KENNETH LARSON 40 X 129796 0 30491 DAVID E JOHNSTON 40 X 226890 0 16559 1865754 0 628813 40 true true false TURNER CONSTRUCTION COMPANY 55 EAST MONROE STREET CHICAGO IL 60603 CONSTRUCTION 29242501 BON APPETIT ANDERSON COMMONS 421 CHASE WHEATON IL 60187 FOOD SERVICE 4878340 SPL INTEGRATED SOLUTIONS 2266 PALMER DRIVE SCHAUMBURG IL 60173 AUDIO VISUAL COMMUNICATIONS 900254 ADVANCE MECHANICAL SYSTEMS INC 425 E ALGONQUIN ROAD ARLINGTON HEIGHTS IL 60005 MECHANICAL/ ELECTRICAL 810228 THE MAUDE GROUP LLC 475 DUANE STREET GLEN ELLYN IL 60137 CREATIVE COMMUNICATIONS 594940 25 0 0 0 1159683 997705 24904983 5269455 27062371 TUITION & FEES 71510651 71510651 0 0 AUXILIARY REVENUE 18243673 18243673 0 0 MINOR PROGRAM REVENUES 2587912 2587912 0 0 PUBLIC SERVICE REVENUE 541800 1775181 1705369 68044 1768 STUDENT INSURANCE 888585 888585 0 0 761046 761046 0 0 95767048 5663084 0 -179638 5842722 0 0 0 0 8989 0 0 8989 0 0 0 0 0 0 0 0 0 0 169647800 36500 159356692 72192 10291108 -35692 10255416 0 0 10255416 24022 28954 49018 -24996 0 0 -24996 0 0 0 0 0 0 2585001 1553269 1031732 1031732 0 0 TRUST COMPANY FEES 561000 538707 530706 8001 0 0 0 0 0 0 0 0 0 0 0 0 0 538707 140302351 97259674 -103593 16083899 0 0 22047468 22047468 0 0 0 0 1642981 477190 743913 421878 0 0 0 0 45917153 37727491 5933857 2255805 2865976 2302484 406710 156782 9099895 7310724 1291365 497806 3384830 2719323 480341 185166 724107 24700 696373 3034 152302 0 144780 7522 115900 0 115900 0 0 0 0 0 4024 4024 1215 0 1215 0 5145387 4918759 226590 38 806936 443508 88407 275021 2577545 2317909 84886 174750 875320 123067 673754 78499 0 0 0 0 7041179 6574596 439451 27132 3003648 2689870 101696 212082 0 0 0 0 270100 202712 67368 20 1896688 1870290 26398 0 0 0 0 0 8833125 8136492 696633 0 1761218 979909 781309 0 PRINTING & PUBLICATIONS 709677 230594 354855 124228 SPECIAL PROJECTS 653542 637317 16225 0 TRAINING 254446 149395 88468 16583 DUES & MEMBERSHIPS 169673 89866 72670 7137 CAMPAIGN EVENTS 416048 0 0 416048 3726466 3262361 412780 51325 124096849 105236025 13945944 4914880 0 0 0 0 0 0 36149588 12437332 816860 627697 988287 1086557 0 0 0 0 15842429 14980687 1150949 1081833 3321094 3034053 301702899 109735855 162834849 191967044 354349578 385178091 0 0 7091417 12992968 0 0 1537468 1357125 584082519 624743387 16333128 17141219 0 0 40000 0 0 0 0 0 0 0 0 0 42000000 42000000 99495800 105801917 157868928 164943136 X 185293960 192831398 135282123 155705155 105637508 111263698 0 0 0 0 0 0 426213591 459800251 584082519 624743387 X false true true X true true X 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 13 0 926300 0 719295 0 3583622 0 true true X X X false 252279552 5875000 31449448 15876000 0 0 273728000 324024747 3970805 -59144000 16572000 0 0 252279552 0.3 0.69 0.01 false false 0 11473229 11473229 0 239413254 80254553 159158701 0 0 0 0 0 42037777 26068685 15969092 0 8778639 3412617 5366022 191967044 0 DEFERRED STUDENT FEES 3792332 DEPOSITS 626225 ASSET RETIREMENT OBLIGATION 3475635 OBLIGATIONS UNDER ANNUITIES 83563806 LIABILITY - OTHER TRUST BENEFICIARIES 4613002 POSTRETIREMENT BENEFITS OBLIGATION 5787857 REFUNDABLE U.S. GOVERNMENT GRANTS 3943060 105801917 140302351 124096849 16205502 26120090 0 0 0 -8738932 17381158 33586660 145796855 26120090 0 0 1622465 27742555 118054300 0 22248051 22248051 140302351 112210195 0 0 0 10361395 10361395 101848800 0 22248049 22248049 124096849 Collections of art - financial statement footnote Schedule D, Part III, Line 1a THE COLLEGE HAS VARIOUS LITERARY COLLECTIONS, WHICH CONSIST OF EVANGELISTIC ARTIFACTS, ORIGINAL MANUSCRIPTS, PRIVATE PAPERS, AND RARE BOOKS OF SEVERAL AUTHORS. THE COLLECTIONS ARE NOT CAPITALIZED ON THE CONSOLIDATED STATEMENTS OF FINANCIAL POSITION OF THE COLLEGE. Collections of art - description of collections Schedule D, Part III, Line 4 WHEATON COLLEGE MAINTAINS A COLLECTION OF BOOKS AND EXHIBITS DEDICATED TO THE MESSAGE AND HISTORY OF EVANGELISM IN AMERICA. THE BOOKS AND EXHIBITS PROVIDE RESOURCES FOR RESEARCH AND STUDY. Intended uses of endowment funds Schedule D, Part V, Line 4 THE INTENDED USE OF THE ENDOWMENTS ARE FOR STUDENT SCHOLARSHIPS OR LOANS AND FOR OPERATIONS. FIN 48 footnote Schedule D, Part X, Line 2 THE COLLEGE AND BILLY GRAHAM CENTER HAVE RECEIVED DETERMINATION LETTERS FROM THE IRS INDICATING THEY ARE RECOGNIZED AS TAX-EXEMPT ORGANIZATIONS UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND, EXCEPT FOR TAXES PERTAINING TO UNRELATED BUSINESS INCOME, ARE EXEMPT FROM FEDERAL AND STATE INCOME TAXES. THE COLLEGE RECORDED A PROVISION FOR UNRELATED BUSINESS INCOME TAX IN THE AMOUNT OF APPROXIMATELY $38,000 IN 2010. THE COLLEGE DID NOT RECORD A PROVISION FOR UNRELATED BUSINESS INCOME TAX IN 2009. THE COLLEGE ACCOUNTS FOR ITS TAX POSITIONS UNDER ASC SUBTOPIC 740-10, ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. ASC SUBTOPIC 740-10 CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN TAX POSITIONS AND ALSO PROVIDES GUIDANCE ON WHEN THE TAX POSITIONS ARE RECOGNIZED IN AN ENTITY'S FINANCIAL STATEMENTS AND HOW THE VALUES OF THESE POSITIONS ARE DETERMINED. THE ADOPTION OF ASC SUBTOPIC 740-10 HAD NO IMPACT ON THE CONSOLIDATED FINANCIAL STATEMENTS. Other changes in net assets Schedule D, Part XI, Line 8 CHANGE IN VALUE OF ANNUITIES - -6828969; CHANGE IN THE VALUE OF INTEREST RATE SWAP - -1288811; DISTRIBUTIONS FROM DONOR ADVISED FUNDS - -621150; ROUNDING - -2; OTHER - 0; TOTAL - -8738932 Other revenues in audited financial statements not in form 990 Schedule D, Part XII, Line 2d COST OF GOODS SOLD - 1553269; FUNDRAISING - 49018; RECLASSIFICATION - 20178; OTHER - 0; TOTAL - 1622465 Other revenues in form 990 not in audited financial statements Schedule D, Part XII, Line 4b WHEATON COLLEGE TRUST COMPANY - 200673; SCHOLARSHIPS - 22047468; ROUNDING - -90; OTHER - 0; TOTAL - 22248051 Other expenses in audited financial statements not in form 990 Schedule D, Part XIII, Line 2d CHANGE IN THE VALUE OF ANNUITIES - 6828969; CHANGE IN THE VALUE OF INTEREST RATE SWAP - 1288811; DISTRIBUTIONS FROM DONOR ADVISED FUNDS - 621150; COST OF GOODS SOLD - 1553269; OTHER - 69196; TOTAL - 10361395 Other expenses in form 990 not in audited financial statements Schedule D, Part XIII, Line 4b SCHOLARSHIPS - 22047468; WHEATON COLLEGE TRUST COMPANY - 200672; ROUNDING - -91; OTHER - 0; TOTAL - 22248049 true true true A NON-DISCRIMINATION POLICY IS STATED IN THE COLLEGE NEWSPAPER AS WELL AS IN ALL RECRUITMENT BROCHURES. true true true true false false false false false false false false true false true CENTRAL AMERICA AND THE CARIBBEAN 0 0 PROGRAM SERVICES STUDY/ HUMANITARIAN PROJECTS 128347 EAST ASIA AND THE PACIFIC 0 0 PROGRAM SERVICES STUDY / HUMANITARIAN PROJECTS 265185 EUROPE (INCLUDING ICELAND AND GREENLAND) 0 0 PROGRAM SERVICES STUDY / HUMANITARIAN PROJECTS 595533 MIDDLE EAST AND NORTH AFRICA 0 0 PROGRAM SERVICES STUDY ABROAD 451415 NORTH AMERICA (CANADA & MEXICO ONLY) 0 0 PROGRAM SERVICES HUMANITARIAN PROJECTS 5410 SOUTH AMERICA 0 0 PROGRAM SERVICES STUDY / HUMANITARIAN PROJECTS 247902 SOUTH ASIA 0 0 PROGRAM SERVICES HUMANITARIAN PROJECTS 7709 SUB SAHARAN AFRICA 0 0 PROGRAM SERVICES HUMANITARIAN PROJECTS 228570 0 0 1930071 GOLF MARATHON 52975 28954 24021 49018 52975 28954 24021 49018 49018 -24997 true SCHOLARSHIPS 1879 22047468 0 NONE NONE Procedures for monitoring use of grant funds Schedule I, Part I, Line 2 GRANTS AND SCHOLARSHIPS ARE AWARDED TO STUDENTS WHO APPLY FOR FINANCIAL ASSISTANCE AT WHEATON COLLEGE. GRANT RECIPIENTS ARE BASED ON FINANCIAL NEED. ALL FUNDS ARE USED FOR TUITION AND BOOKS AND LIVING EXPENSES AT WHEATON COLLEGE. THIS PROCESS IS MONITORED BY THE FINANCIAL AID OFFICE AT THE COLLEGE. X X X true true X X X X X false true false false false false false false false LON ALLISON 124186 0 0 0 2522 0 9735 0 51302 0 187745 0 0 0 DUANE LITFIN 308889 0 0 0 65282 0 140529 0 14324 0 529024 0 0 0 DOUG DEMERCHANT 85575 0 0 0 54009 0 6656 0 23550 0 169790 0 0 0 STANTON JONES 206837 0 0 0 2559 0 87940 0 30328 0 327664 0 0 0 MICHAEL WILDER 119728 0 0 0 4118 0 9612 0 50971 0 184429 0 0 0 KENNETH LARSON 128866 0 0 0 930 0 10144 0 20347 0 160287 0 0 0 PAUL CHELSEN 122356 0 0 0 678 0 10253 0 17445 0 150732 0 0 0 MARK DILLON 208098 0 0 0 1383 0 91108 0 16448 0 317037 0 0 0 DAVID E JOHNSTON 104732 0 0 0 122158 0 8587 0 7972 0 243449 0 60000 0 Travel for companions Schedule J, Part I, Line 1a SPOUSAL TRAVEL WAS PROVIDED TO INTERESTED PERSONS RELATING TO FUNDRAISING ACTIVITIES AND TO COLLEGE DESIGNATED BUSINESS TRIPS. TRAVEL WAS TREATED AS TAXABLE COMPENSATION WHERE APPROPRIATE. Tax indemnification and gross-up payments Schedule J, Part I, Line 1a GROSS-UP PAYMENTS WERE PROVIDED TO SELECT INTERESTED PERSONS RELATED TO TAXABLE EDUCATIONAL BENEFITS AND PERSONAL USE OF CELL PHONES. THIS WAS INCLUDED IN TAXABLE COMPENSATION Housing allowance or residence for personal use Schedule J, Part I, Line 1a THE PRESIDENT RECEIVES A HOUSING ALLOWANCE AND IT IS INCLUDED AS TAXABLE INCOME. Supplemental nonqualified retirement plan Schedule J, Part I, Line 4b WHEATON COLLEGE HAS A NONQUALIFIED 457(F) RETIREMENT PLAN IN PLACE THAT ALLOWS FOR CERTAIN OFFICERS TO PARTICIPATE IN THE PLAN. THE CONTRIBUTIONS TO THIS PLAN ARE INCLUDED IN THE DETAIL PROVIDED IN SCHEDULE J, PART II. EDUCATIONAL BENEFIT 13005 X 1 16700 COST X 2209 COST X 1200 COST X 2 9300 MARKET VALUE X 65 1706220 MARKET VALUE X 1 328680 MARKET VALUE X 1 214000 MARKET VALUE X 1 25620 COST X ORGAN CHIME RACK 1 1841 COST X HORSE 1 2500 COST X REMAINDER INTEREST 6 1690176 MARKET VALUE X TRUST DISTRIBUTIONS 10 1146230 MARKET VALUE X COMPUTER EQUIPMENT 1 45621 COST X ESTATE DISTRIBUTION 1 28424 MARKET VALUE X LIFE INSURANCE POLICIES 2 45885 MARKET VALUE X MISCELLANEOUS 4849 COST 1 false true false Description of other program services Form 990, Part III, Line 4d BILLY GRAHAM CENTER PROGRAMS, ARTIST SERIES, THE COMMUNITY SCHOOL OF THE ARTS AND SUMMER SPORTS CAMPS. MINOR PROGRAMS, APPLICATION FEES, TUITION INSTALLMENT PLAN FEES, PARKING FINES, PARKING PERMITS AND LIBRARY FINES. Review of form 990 by governing body Form 990, Part VI, Section B, Line 11A THE CONTROLLER AND THE VP FOR FINANCE REVIEW THE FORM 990 WITH THE PAID TAX PREPARER BEFORE IT IS FILED WITH THE IRS. THEN IT IS PRESENTED TO THE FINANCE COMMITTEE OF THE BOARD OF TRUSTEES. ALL BOARD MEMBERS RECEIVE A COPY OF THE FORM 990 PRIOR TO FILING THE RETURN WITH THE IRS. Conflict of interest policy Form 990, Part VI, Section B, Line 12c OFFICERS, TRUSTEES AND KEY EMPLOYEES ARE ANNUALLY ASKED TO REVEAL ANY POTENTIAL CONFLICTS OF INTEREST. EACH INTERESTED PERSONS IS PROVIDED A QUESTIONNAIRE ELECTRONICALLY TO BE REVIEWED. THE DIRECTOR OF ACCOUNTING REVIEWS THE QUESTIONNAIRES TO DETERMINE IF ANY POTENTIAL CONFLICT EXISTS AND IS REQUIRED TO BE DISCLOSED ON THE FORM 990. IF A CONFLICT EXISTS, THE BOARD MEMBER IS ASKED TO ABSTAIN FROM VOTING ON THE ISSUE OF WHICH THEY HAVE A CONFLICT. THERE WERE NO CONFLICTS OF INTEREST. Process used to establish compensation of top management official Form 990, Part VI, Section B, Line 15a THE COMPENSATION COMMITTEE OF THE BOARD REVIEWS AND APPROVES THE PRESIDENT'S COMPENSATION. THE REVIEW INCLUDES OUTSIDE COMPENSATION SURVEYS, STUDIES PREPARED BY INTERNAL STAFF AND INDEPENDENT COMPENSATION CONSULTANT AS WELL AS FORM 990'S OF SIMILAR EDUCATION INSTITUTIONS. THIS PROCESS IS UNDERTAKEN ANNUALLY AND DOCUMENTED IN THE MEETING MINUTES OF THE COMPENSATION COMMITTEE. Process used to establish compensation of other officers/key employees Form 990, Part VI, Section B, Line 15b THE COMPENSATION COMMITTEE ALSO REVIEWS AND APPROVES THE COMPENSATION FOR THE VP FOR FINANCE, VP FOR STUDENT DEVELOPMENT, PROVOST AND VP FOR ADVANCEMENT. THIS PROCESS IS UNDERTAKEN ANNUALLY. Public Disclosure Form 990, Part VI, Section C, Line 19 FINANCIAL STATEMENTS ARE AVAILABLE ON THE COLLEGES' WEBSITE. GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICIES ARE NOT REQUIRED DISCLOSURES PURSUANT TO INTERNAL REVENUE CODE (IRC) SECTION 6104. THESE DOCUMENTS ARE NOT AVAILABLE TO THE PUBLIC AT THIS TIME. Financial aid or assistance from a governmental agency Schedule E, Line 6a WHEATON COLLEGE STUDENTS RECEIVE TITLE IX FUNDS. COMPENSATION OF OFFICERS, DIRECTORS, TRUSTEES, KEY EMPLOYEES, ETC. FORM 990, PART VII, SECTION A, LINE 1A, COLUMN B THE FOLLOWING BOARD MEMBERS DEVOTE APPROXIMATELY 1 HOUR A WEEK SERVING ON THE BOARD OF THE BILLY GRAHAM CENTER, A RELATED TAX-EXEMPT ORGANIZATION: BARBARA ANDERSON, EMERY LINDSAY, JAMES PLUEDDEMANN, WILLIAM POLLARD, AND JOSEPH STOWELL. THE FOLLOWING OFFICERS ARE ALSO OFFICERS OF THE BILLY GRAHAM CENTER AND DEVOTE APPROXIMATELY 1 HOUR A WEEK SERVING THE BILLY GRAHAM CENTER: DUANE LIFTIN AND DALE KEMP. BILLY GRAHAM CENTER 501 COLLEGE AVENUE WHEATON IL 60187 362982217 RESEARCH IL 501(C)(3) 11 - Type I NA WHEATON COLLEGE ALUMNI ASSOCIATION 501 COLLEGE AVENUE WHEATON IL 60187 366127340 ALUMNI ASSOC IL 501(C)(3) 11 - Type I NA WHEATON COLLEGE TRUST COMPANY NA 501 COLLEGE AVENUE WHEATON IL 60187 364353420 TRUST ADMINISTRATION IL WHEATON COLLEGE C CORPORATION 10276 3179772 0.9956 false false true false false false false false false false false true true true false true false false BILLY GRAHAM CENTER C 1159683 WHEATON COLLEGE TRUST COMPANY NA L 610644 WHEATON COLLEGE TRUST COMPANY NA M 61220 WHEATON COLLEGE TRUST COMPANY NA N 477487 WHEATON COLLEGE TRUST COMPANY NA P 2631