2025-04-08T09:42:14-05:00 2024-05-31 160765486 LUMSDEN & MCCORMICK LLP 369 FRANKLIN STREET BUFFALO NY 14202 990 2023-06-01 160743045 HOUGHTON UNIVERSITY HOUG 5855679200 1 WILLARD AVENUE HOUGHTON NY 14744 DALE WRIGHT VICE PRESIDENT, FINANCE 5855679200 2025-04-01 1 1 SARAH M HOPKINS P02010701 7168563300 2025-04-01 2023 2025-03-06 01:10:19Z DR WAYNE D LEWIS JR 1 WILLARD AVENUE HOUGHTON NY 14744 39224298 0 X WWW.HOUGHTON.EDU X 1883 NY A NATIONALLY RANKED CHRISTIAN UNIVERSITY FOUNDED BY THE WESLEYAN CHURCH. 30 29 917 81 89959 1778 11539841 6666214 19775824 21639778 2270119 3144236 701065 688198 34286849 32138426 2417809 3533190 0 0 14966667 15202850 0 0 1060875 16739093 16919786 34123569 35655826 163280 -3517400 126684978 132225933 31034434 30015937 95650544 102209996 X HOUGHTON UNIVERSITY PROVIDES AN ACADEMICALLY CHALLENGING, CHRIST-CENTERED EDUCATION IN THE LIBERAL ARTS AND SCIENCES TO STUDENTS FROM DIVERSE TRADITIONS AND ECONOMIC BACKGROUNDS AND EQUIPS THEM TO LEAD AND LABOR AS SCHOLAR-SERVANTS IN A CHANGING WORLD. 0 0 13079071 3533190 13493801 INSTRUCTION: HOUGHTON UNIVERSITY PROVIDES ACADEMICALLY CHALLENGING, CHRIST-CENTERED EDUCATION IN THE LIBERAL ARTS AND SCIENCES THROUGH AN ORTHODOX CHRISTIAN WORLDVIEW. A HOUGHTON EDUCATION IS DEEPLY ROOTED IN THE WESLEYAN THEOLOGICAL TRADITION AND IS AVAILABLE TO STUDENTS THROUGH BOTH RESIDENTIAL AND ONLINE PLATFORM. OUR RURAL, RESIDENTIAL CAMPUS FOCUSES ON LEARNING WITHIN AN INTENTIONAL CHRIST-CENTERED COMMUNITY, OFFERING OVER 70 MAJORS TO APPROXIMATELY 900 TRADITIONAL UNDERGRADUATE STUDENTS, EQUIPPING THEM WITH DEGREES IN THE LIBERAL ARTS, NATURAL SCIENCES AND PRE-PROFESSIONAL PROGRAMS. EXPERIENTIAL LEARNING BOTH IN AND OUT OF THE CLASSROOM IS A HALLMARK OF A HOUGHTON EDUCATION, AND UNIQUELY PREPARES OUR STUDENTS TO LEAD AND LABOR AS SCHOLAR-SERVANTS IN A CHANGING WORLD. OUR ONLINE EDUCATION PROVIDES THE SAME ACADEMICALLY CHALLENGING EDUCATION THROUGH AN ORTHODOX CHRISTIAN WORLDVIEW TO A STUDENT BODY OF DIVERSE LEARNERS INCLUDING ADULTS, PROFESSIONALS, TRADITIONAL COLLEGE STUDENTS, AND PRE-COLLEGE DUAL-ENROLLED STUDENTS. 6570663 8191303 AUXILARY ENTERPRISES: HOUGHTON UNIVERSITY'S AUXILIARY ENTERPRISES ARE PRIMARILY COMPOSED OF STUDENT HOUSING, DINING SERVICES AND THE HIGHLANDERS SHOP CAMPUS STORE. AS A RURAL, RESIDENTIAL CAMPUS, THESE COMPONENTS BECOME A VITAL PART OF A STUDENT'S EXPERIENCE, PROVIDING OPPORTUNITY FOR SOCIAL AND EMOTIONAL GROWTH AND FEEDING INTO THE VITALLY IMPORTANT TASK OF DEVELOPING CHRISTIAN YOUNG MEN AND WOMEN. AS STUDENTS LIVE AND LEARN TOGETHER, THE GROWTH WHICH TAKES PLACE IN STUDENT HOUSING AND THE DINING HALL IS OFTEN A SIGNIFICANT FACTOR IN THE WORLD-CHANGING, KINGDOM IMPACT OUR ALUMNI WILL HAVE AFTER GRADUATION. 8899681 STUDENT SERVICES: AT HOUGHTON UNIVERSITY, EDUCATION IS NOT CONFINED TO THE CLASSROOM. STUDENT LIFE, INCLUDING APPROXIMATELY 35 UNIQUE STUDENT CLUBS, A WEEKLY RHYTHM OF SPIRITUAL DEVELOPMENT, AND STUDENT LEADERSHIP DEVELOPMENT, PROVIDES BOTH SOCIAL AND PROFESSIONAL LEARNING OPPORTUNITIES FOR HOUGHTON STUDENTS. AS AN NCAA DIII SCHOOL, HIGHLANDER ATHLETICS SPONSORS 15 SPORTS TEAMS AND SERVES APPROXIMATELY ONE-THIRD OF THE STUDENT BODY, OFFERING LIFE-LONG WELLNESS SKILLS AND INTENSIVE CHRISTIAN LEADERSHIP DEVELOPMENT. OTHER STUDENT SERVICES INCLUDE WRAP-AROUND CARE SUPPORTING STUDENT'S MENTAL AND PHYSICAL WELLBEING, ACADEMIC SUPPORTS, AND INTERNSHIP AND CAREER SERVICES. 1741770 567716 OTHER PROGRAM EXPENSES INCLUDE GRANTS TO STUDENTS, AS WELL AS DEPARTMENTAL PROJECTS AND STUDENT LOANS. 1741770 567716 30291185 1 1 0 0 0 0 0 1 0 1 1 0 0 1 1 0 0 1 1 1 1 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 1 0 0 1 1507 0 1 917 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 30 29 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X DANAE FORREST 5855679200 1 WILLARD AVENUE HOUGHTON NY 14744 DR WAYNE D LEWIS JR PRESIDENT 39.00 1.00 X X 264960 0 18742 REV DR JOSEPH JENNINGS CHAIR 2.00 X X 0 0 0 REV DR MATTHEW D PICKERING VICE CHAIR 2.00 X X 0 0 0 KAREN FOHL SECRETARY 2.00 1.00 X X 0 0 0 JOY TOLLIVER ASSISTANT SECRETARY 2.00 X X 0 0 0 GARY BAHLER TRUSTEE 1.00 X 0 0 0 DR JOANNE BARNES TRUSTEE 1.00 X 0 0 0 DANIEL BATES TRUSTEE 1.00 X 0 0 0 DR DAVID BEATTIE TRUSTEE 1.00 X 0 0 0 DEBRA CANFIELD TRUSTEE 1.00 X 0 0 0 JAMES ECKERT TRUSTEE 1.00 X 0 0 0 MIKE GAFFNEY TRUSTEE 1.00 X 0 0 0 REV JOHN GILLETTE TRUSTEE 1.00 X 0 0 0 DR DORIS GRIFFIN TRUSTEE 1.00 X 0 0 0 OMAR HAEDO TRUSTEE 1.00 X 0 0 0 RAY KALTENBAUGH TRUSTEE 1.00 X 0 0 0 DR RALPH KERR TRUSTEE 1.00 1.00 X 0 0 0 KEVIN C KNOWLTON TRUSTEE 1.00 1.00 X 0 0 0 GARY LARDER TRUSTEE 1.00 1.00 X 0 0 0 EMILY LAST TRUSTEE 1.00 X 0 0 0 JOHN LEE TRUSTEE 1.00 X 0 0 0 REV DR J ANTHONY LLOYD TRUSTEE 1.00 X 0 0 0 DR C DAVID MARKLE TRUSTEE 1.00 X 0 0 0 REV DR GREG MCCLAIN TRUSTEE 1.00 X 0 0 0 HARRIETT OLSON TRUSTEE 1.00 X 0 0 0 TERRY SLYE TRUSTEE 1.00 X 0 0 0 REV HAROLD SPOONER TRUSTEE 1.00 X 0 0 0 DR COREENA WEAVER TRUSTEE 1.00 X 0 0 0 AIMEE WUETHRICH TRUSTEE 1.00 X 0 0 0 DR JUN ZHUANG TRUSTEE 1.00 X 0 0 0 DALE WRIGHT VP OF FINANCE 38.00 2.00 X 130504 0 12994 DAVID DAVIES PROVOST AND DEAN OF FACULTY 40.00 X 137846 0 12846 JASON TOWERS VP FOR ENROLLMENT 40.00 X 129933 0 13005 ANN MONROE-BAILLARGEON DEAN OF EDUCATION AND PSYCHOLOGY 40.00 X 122004 0 8136 KARL SISSON VP FOR ADVANCEMENT AND EXTERNAL ENGAGEMENT 39.00 1.00 X 121030 0 5496 906277 0 71219 5 0 1 0 METZ CULINARY MANAGEMENT TWO WOODLAND DRIVE DALLAS PA 18612 FOOD SERVICE 2745912 SODEXO INC & AFFILIATES (FAC CONTRACT PO BOX 360170 PITTSBURGH PA 15251 CUSTODIAL AND MAINTENANCE 2410160 ACARA SOLUTIONS PO BOX 9057 WILLIAMSVILLE NY 14231 PAYROLL SERVICE 220456 SPARKS451 INC 865 MERRICK AVE SUITE 451 WESTBURY NY 11590 DIGITAL MEDIA AND ADVERTISING 208026 MJ MECHANICAL SERVICES INC 95 PIRSON PARKWAY TONAWANDA NY 14150 REPAIR SERVICES 106743 5 1406700 268660 4990854 275744 6666214 TUITION AND FEES 611600 13493801 13493801 AUXILIARY ENTERPRISES 611710 8145977 8071779 74198 21639778 2371401 2371401 7668914 14803 6910882 0 758032 14803 772835 14803 758032 310275 174990 135285 119524 15761 552913 552913 552913 32138426 22252820 89959 3129433 3533190 3533190 561621 467785 93836 11622838 9382391 1730181 510266 209253 153440 44007 11806 2053905 1586460 370538 96907 755233 553792 158831 42610 8023 8023 64781 64781 2270103 2063590 160635 45878 505830 268036 229545 8249 359594 244683 109721 5190 353343 210500 142843 2052466 1709530 335445 7491 889120 752086 58877 78157 26079 15961 10118 1034039 913457 119492 1090 3041825 2883458 156266 2101 264329 251308 11553 1468 FOOD 1376559 1376559 SUPPLIES, PRINTING, AND 784891 618089 98483 68319 OTHER FOOD SERVICE COST 236754 236754 LAB COSTS 143150 143150 3508900 3394751 26642 87507 35655826 30291185 4303766 1060875 1187902 135058 1437194 2455995 4577439 1749576 1235995 1299437 675052 603410 119052 124460 674922 592679 100898069 63385319 40009197 37512750 69536004 81136171 7232221 6616397 126684978 132225933 2884603 2602537 959065 1019447 22250000 21945000 4940766 4448953 31034434 30015937 X 21387560 16961108 74262984 85248888 95650544 102209996 126684978 132225933 X -3517400 9903040 173812 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X 0 69416105 2029361 12240524 1252707 1850990 80582293 69865076 2189621 530328 1117521 2051399 69416105 77840929 2747440 -8312249 988465 1422579 69865076 57801644 1538849 20841026 948737 1391853 77840929 53834227 1789287 4400747 908663 1313954 57801644 0.01000 0.59000 0.40000 0 0 965624 965624 76192898 46154465 30038433 16156973 12212951 3944022 7582574 5017903 2564671 37512750 RIGHT-OF-USE ASSETS - LEASES 237601 BENEFICIAL INTEREST IN FOUNDATION -56857 SPLIT-INTEREST AGREEMENTS 4258580 ASSETS RESTRICTED FOR USE 2177073 6616397 FUNDS HELD ON BEHALF OF OTHERS 27367 LIABILITY UNDER SPLIT INTEREST AGREEMENTS 2024603 BONDS PREMIUMS AND DEFERRED FINANCING COSTS 1818706 U.S. GOVERNMENT LOAN FUNDS REFUNDABLE 333682 LEASE LIABILITIES 244595 4448953 PART III, LINE 1A: COLLECTION ITEMS IN THE HOUGHTON UNIVERSITY ART COLLECTION ARE HELD FOR PUBLIC EXHIBITION, EDUCATION, OR RESEARCH IN FURTHERANCE OF PUBLIC SERVICE AND ARE NOT CAPITALIZED AND ACCORDINGLY, CONTRIBUTION REVENUE IS NOT RECOGNIZED WHEN COLLECTION ITEMS ARE DONATED. ALL PROCEEDS FROM THE SALE OF COLLECTION ITEMS ARE USED TO ACQUIRE OTHER ITEMS FOR THE COLLECTION OR DIRECT CARE OF THE COLLECTION. PART V, LINE 4: THE OBJECTIVE OF THE UNIVERSITY'S ENDOWMENT FUND IS TO SUPPORT UNIVERSITY PROGRAMS BY ACHIEVING THE BEST POSSIBLE RATE OF LONG-TERM INVESTMENT RETURN CONSISTENT WITH A REASONABLE LEVEL OF VOLATILITY (RISK), WITH THE INTENTION OF PRESERVING PRINCIPAL POWER AGAINST INFLATION. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 THE UNIVERSITY PUBLICIZES ITS NONDISCRIMINATION POLICY IN SEVERAL DIFFERENT WAYS, INCLUDING APPLICATION FOR ADMISSION, UNIVERSITY CATALOG, WEBSITE (WWW.HOUGHTON.EDU) AND IN THE STUDENT GUIDE. UNIVERSITY MEDIA RECRUITMENT EFFORTS ARE PRIMARILY ELECTRONIC AND AS SUCH, POINT PROSPECTIVE STUDENTS TO THE UNIVERSITY WEB SITE WHERE THIS POLICY IS AVAILABLE. SCHEDULE E, PART I, LINE 6 THE UNIVERSITY RECEIVES MULTIPLE FEDERAL AWARDS, PRIMARILY FROM THE DEPARTMENT OF EDUCATION. THIS INCLUDES GRANT AND LOANS FOR STUDENTS TO ASSIST WITH THE COST OF ATTENDANCE. EUROPE 0 7 PROGRAM SERVICES STUDY ABROAD 311063 SUB-SAHARAN AFRICA 0 1 PROGRAM SERVICES STUDY ABROAD 2966 SOUTH AMERICA 0 1 PROGRAM SERVICES STUDY ABROAD 55191 0 9 0 0 0 9 369220 0 369220 0 0 0 0 0 0 1 ENDOWED GRANTS AND SCHOLARSHIPS 662 1831625 NEED BASED GRANTS AND SCHOLARSHIPS 238 909909 MERIT BASED GRANTS AND SCHOLARSHIPS 324 502318 SPECIAL CATEGORY GRANTS AND SCHOLARSHIPS 136 120445 AGENCY GRANTS AND SCHOLARSHIPS 21 127289 FEDERAL SEOG GRANTS 36 41604 PART I, LINE 2: A FILE IS CREATED FOR EACH GRANTEE. WE DETERMINE EACH STUDENT'S DEMONSTRATED FINANCIAL NEED BASED ON THEIR COST OF ATTENDANCE MINUS EXPECTED FAMILY CONTRIBUTION ACCORDING TO THE INSTITUTIONAL STUDENT INFORMATION RECORD FROM THE FEDERAL PROCESSOR. WE ATTEMPT TO MEET EACH STUDENT'S DEMONSTRATED NEED WITH A COMBINATION OF MERIT-BASED SCHOLARSHIPS, NEED-BASED GRANTS, FEDERAL WORK-STUDY, AND STUDENT LOANS. FINANCIAL AID MAY BE AWARDED FROM FEDERAL, STATE, INSTITUTIONAL, AND PRIVATE SOURCES. WE MONITOR AND MAINTAIN COMPLIANCE WITH ALL FEDERAL, STATE, AND INSTITUTIONAL FINANCIAL AID POLICIES AND PROCEDURES. IN ADDITION, THE UNIVERSITY MONITORS AND MAINTAINS SEPARATE FUND ACCOUNTS FOR EACH AWARD CATEGORY AND PROVIDES THE NECESSARY REPORTS TO THE FEDERAL AND STATE AGENCIES. X X 1 1 X X X X 0 0 0 0 0 0 0 0 0 DR WAYNE D LEWIS JR PRESIDENT 264960 0 0 0 0 0 7949 0 10793 0 283702 0 0 0 DAVID DAVIES PROVOST AND DEAN OF FACULTY 137846 0 0 0 0 0 4135 0 8711 0 150692 0 0 0 A ALLEGANY COUNTY CAPITAL RESOURCE CORPORATION 454707001 017095AH3 2022-03-16 24817813 REFINANCE DEBT AND HVAC REPLACEMENT 0 0 0 A 305000 24949895 1476962 527447 2876291 20069195 2023 0 0 0 1 A 0 0 0 0 0.00000 0.00000 0 0 1 A 0 0 0 1 0 0 0 0 1 A 1 PART II, LINE 3: PART II, LINE 3 DOES NOT EQUAL PART 1, LINE A(E) DUE TO INVESTMENT EARNINGS. PART IV, LINE 2C: DATE OF REBATE CALCULATION - 3/15/2024 X 1513 111556 FMV X HORSE 4 162500 FMV X EQUESTRIAN EQUIPMENT 2 1688 FMV 0 1 0 SCHEDULE M, PART I, COLUMN (B) THE AMOUNTS REPORTED IN PART I, COLUMN (B) REPRESENT THE NUMBER OF ITEMS RECEIVED. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 IS PROVIDED IN DRAFT FORMAT TO THE AUDIT COMMITTEE FOR REVIEW AND APPROVAL. UPON APPROVAL BY THE AUDIT COMMITTEE, IT IS SUBMITTED TO THE BOARD OF TRUSTEES WITH A PERIOD FOR PROVIDING COMMENTS, EDITS, AND CORRECTIONS PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C EACH YEAR THE MEMBERS OF THE BOARD OF TRUSTEES AND SENIOR ADMINISTRATORS COMPLETE AND SIGN A FORM DISCLOSING ANY CONFLICT OF INTEREST. IF THERE IS A CONFLICT OF INTEREST ON A MATTER UNDER CONSIDERATION AT A BOARD MEETING, THE TRUSTEE IS NOT ALLOWED TO VOTE ON THE MATTER. THE MINUTES OF THE MEETING WILL DOCUMENT THAT THE TRUSTEE HAVING THE CONFLICT OF INTEREST ABSTAINED FROM VOTING. FOR PERIODS IN WHICH THERE ARE NO CIRCUMSTANCES THAT CONSTITUTE A CONFLICT OF INTEREST THE MINUTES WILL STATE AS SUCH. FORM 990, PART VI, SECTION B, LINE 15 FOR THE DETERMINATION OF COMPENSATION OF THE UNIVERSITY'S PRESIDENT, ALL MEMBERS OF THE EXECUTIVE COMMITTEE OF THE BOARD AS WELL AS THE FULL BOARD (EXCEPT THE PRESIDENT, WHO WOULD NOT BE PRESENT AT THESE DELIBERATIONS) WOULD BE INDEPENDENT TRUSTEES, I.E. THEY ARE NOT EMPLOYEES OF THE UNIVERSITY, NOR MARRIED TO EMPLOYEES, AND NONE OF THEM HAVE BUSINESS RELATIONSHIPS WITH THE UNIVERSITY THAT AFFECTS THEIR INDEPENDENCE. THE PROCESS IS AS FOLLOWS IF THE PRESIDENT RECEIVES A COMPENSATION INCREASE OTHER THAN A GENERAL ACROSS THE BOARD COLA INCREASE THAT IS APPROVED BY THE BOARD OF TRUSTEES FOR ALL EMPLOYEES: 1. COMPARATIVE EXECUTIVE COMPENSATION DATA IS GATHERED FROM SEVERAL SOURCES: GUIDESTAR, COUNCIL OF CHRISTIAN COLLEGES AND UNIVERSITIES (CCCU), BENTZ, WHALEY, FLESSNER (CONSULTING FIRM) AND NEW YORK STATE PRIVATE COLLEGES. 2. THE BOARD EXECUTIVE COMMITTEE (EXCLUDING THE PRESIDENT) REVIEWS THE COMPARATIVE COMPENSATION DATA AND MAKES A CONTRACT RECOMMENDATION TO THE FULL BOARD. 3. THE FULL BOARD MEETS IN EXECUTIVE SESSION (EXCLUDING THE PRESIDENT) TO DISCUSS THE RECOMMENDED CONTRACT AND VOTES ON THE FINAL CONTRACT, WHICH INCLUDES STATED COMPENSATION. DOCUMENTATION OF FULL BOARD APPROVAL OF THE RECOMMENDATION APPEARS IN THE BOARD MINUTES. FOR DETERMINATION OF COMPENSATION FOR OTHER OFFICERS AND KEY EMPLOYEES, COMPARISON SALARY DATA IS PROVIDED DIRECTLY TO THE PRESIDENT BY THE HUMAN RESOURCES OFFICE. THE PRESIDENT THEN AUTHORIZES A CERTAIN SALARY BASED ON BOTH EXTERNAL COMPARISON AND INTERNAL COMPARISON WITH OTHER VICE PRESIDENTS. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, THE CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE FOR PUBLIC INSPECTION UPON REQUEST. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS 197,026. CHANGE IN BENEFICIAL INTEREST IN FOUNDATION -23,214. FORM 990, PART XII, LINE 2C: THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. WILLARD J HOUGHTON FOUNDATION 1 WILLARD AVE HOUGHTON NY 14744 222325519 SUPPORT OF COMMUNITY NY 501(C)(3) LINE 12A, I HOUGHTON UNIVERSITY 1 THE WESLEYAN INVESTMENT FUND INC 13300 OLIO RD PO BOX 7250 FISHERS IN 46037 351775757 CHURCH LENDING INSITITUTION IN 501(C)(3) LINE 1 THE WESLEYAN CHURCH CORPORATION 0 THE WESLEYAN CHURCH CORPORATION 13300 OLIO RD FISHERS IN 46037 351148762 CHURCH IN 501(C)(3) LINE 1 N/A 0 0 0 1 1 1 0 0 0 0 0 0 0 0 1 1 0 1 0 0 WILLARD J HOUGHTON FOUNDATION D 600000 OUTSTANDING LOAN PRINCIPAL WESLEYAN CHURCH COPRORATION C 1406700 FAIR MARKET VALUE