2024-04-13T09:56:33-05:00 2023-05-31 273858252 DEAN DORTON ALLEN FORD PLLC 250 W MAIN STREET STE 1400 LEXINGTON KY 40507 990 2022-06-01 610466713 KENTUCKY WESLEYAN COLLEGE KENT 2709263111 3000 FREDERICA STREET OWENSBORO KY 42301 DAN FRAZIER VICE PRESIDENT OF FINANCE 2709263111 2024-04-07 1 DAN FRAZIER 999009999 0 ALLISON C CARTER P01242412 8592552341 3 AAL1 IAL1 2022 2023-04-26 12:10:37Z DAN FRAZIER 3000 FREDERICA STREET OWENSBORO KY 42301 36563536 0 X WWW.KWC.EDU X 1858 KY FOSTER A LIBERAL ARTS EDUCATION THAT NOURISHES, STIMULATES AND PREPARES FUTURE LEADERS INTELLECTUALLY, SPIRITUALLY AND PHYSICALLY TO ACHIEVE SUCCESS IN LIFE 25 25 546 34 0 0 6645851 3906397 24555459 25774462 3228811 1536127 48725 63692 34478846 31280678 11099090 11879990 0 0 9758049 10207745 0 0 659645 10807460 11006190 31664599 33093925 2814247 -1813247 66922709 65472341 17558246 20171526 49364463 45300815 FOSTER A LIBERAL ARTS EDUCATION THAT NOURISHES, STIMULATES AND PREPARES FUTURE LEADERS INTELLECTUALLY, SPIRITUALLY AND PHYSICALLY TO ACHIEVE SUCCESS IN LIFE 0 0 27606816 11879990 25774462 KENTUCKY WESLEYAN COLLEGE, IN PARTNERSHIP WITH THE UNITED METHODIST CHURCH, PROVIDES INSTRUCTION AND RELATED ACTIVITIES TO STUDENTS BY OFFERING A QUALITY LIBERAL ARTS EDUCATION AND OPPORTUNITIES FOR PERSONAL GROWTH AND LEADERSHIP. 27606816 1 1 0 0 0 0 0 0 0 1 1 0 0 1 1 0 1 0 1 0 1 0 0 0 1 0 0 0 1 1 0 0 0 1 0 1 0 0 1 0 0 0 0 1 0 0 0 1 52 0 1 546 1 0 0 0 0 0 0 0 0 0 0 0 0 X 25 25 1 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 0 1 1 0 KY X DAN FRAZIER 2708523113 3000 FREDERICA ST OWENSBORO KY 42301 CATHY MEEKS BISHOP TRUSTEE 1.00 X 0 0 0 DALE CARDEN TRUSTEE 1.00 X 0 0 0 BC CHILDRESS TRUSTEE 1.00 X 0 0 0 NOEL CLAYTON TRUSTEE 1.00 X 0 0 0 DEBORAH CARTER DEARING TRUSTEE/SECRETARY 1.00 X 0 0 0 STEVE DEVINE TRUSTEE 1.00 X 0 0 0 LYDIA DORMAN TRUSTEE 1.00 X 0 0 0 SHERRY M FELDPAUSCH TRUSTEE/CHAIR 1.00 X 0 0 0 KELLY FRANK TRUSTEE 1.00 X 0 0 0 MARK GIBBONS TRUSTEE 1.00 X 0 0 0 TOM GRIEB TRUSTEE 1.00 X 0 0 0 JAMES J GRIFFIN TRUSTEE 1.00 X 0 0 0 HAROLD L HALL II TRUSTEE 1.00 X 0 0 0 D TALMAGE HOCKER TRUSTEE 1.00 X 0 0 0 THOMAS C MAJOR TRUSTEE 1.00 X 0 0 0 ELIZABETH MAUZY-MARTIN TRUSTEE 1.00 X 0 0 0 GREG RISCH TRUSTEE 1.00 X 0 0 0 J CHARLES SCHERTZINGER TRUSTEE 1.00 X 0 0 0 KEITH SHARBER TRUSTEE 1.00 X 0 0 0 ROLAND SHELTON TRUSTEE 1.00 X 0 0 0 CATHERINE SHERRARD TRUSTEE 1.00 X 0 0 0 JAY F SMITH TRUSTEE 1.00 X 0 0 0 KEITH SWITZER TRUSTEE 1.00 X 0 0 0 JEFF WHITE TRUSTEE/TREASURER 1.00 X 0 0 0 FRED WRIGHT TRUSTEE/VICE CHAIR 1.00 X 0 0 0 TOM MITZEL PRESIDENT 40.00 X 249712 0 24655 EDDIE KENNY V.P. OF ADVANCEMENT 40.00 X 110604 0 18798 MATT RUARK V.P. OF ADMISSIONS/FINANCAL AID 40.00 X 97205 0 5183 DAN FRAZIER V.P. OF FINANCE 40.00 X 154902 0 20730 SCOTT E KRAMER V.P. OF EXECUTIVE INITIATIVES 40.00 X 110561 0 4702 REBECCA MCQUEEN-RUARK V.P OF STUDENT LIFE 40.00 X 91475 0 17317 MARK SHOOK V.P. OF ATHLETICS 40.00 X 82956 0 17617 JAMES COUSINS V.P. ACADEMIC AFFAIRS DIVISION 40.00 X 132207 0 19560 SHAWN TOMES V.P. OF M&C 40.00 X 59871 0 2543 1089493 0 131105 5 0 1 0 ALADDIN FOOD MANAGEMENT SERVICES 16567 COLLECTIONS CENTER DRIVE CHICAGO IL 60693 FOOD SERVICE CONTRACTOR 1298440 MILLER TRANSPORTATION 111 OUTER LOOP LOUISVILLE KY 40214 TRAVEL BUS TRANSPORTATION 286825 BUILDING BY WAYNE BAKER INC 4100 VINCENT STATION DRIVE OWENSBORO KY 42303 CONSTRUCTION SERVICES 269405 US LAWNS-OWENSBORO KY 1227 MOSELEY STREET OWENSBORO KY 42303 LAWN SERVICES 235252 NIGHTHAWK SECURITY 2965 LOST LAKE COVE OWENSBORO KY 42303 SECURITY SERVICES 127187 7 260746 3645651 44177 3906397 TUITION AND FEES 611600 20884098 20884098 AUXILIARY INCOME 611710 4890364 4890364 25774462 930629 930629 2429 2429 35067 0 35067 35067 35067 5873277 5267779 605498 605498 605498 41275 15079 26196 26196 31280678 25774462 0 1599819 11879990 11879990 1138003 1020580 117423 7258781 4976692 1915180 366909 232177 121575 95896 14706 980749 851336 78961 50452 598035 352480 209703 35852 230043 207959 20244 1840 40201 40201 80512 80512 154219 139414 13571 1234 118252 106900 10406 946 461786 417455 40637 3694 868532 785153 76431 6948 1858050 1679677 163509 14864 776304 148922 618969 8413 385627 348607 33935 3085 650459 588015 57240 5204 1066371 963999 93841 8531 522020 471906 45938 4176 ATHLETICS 1071773 1071773 0 0 OTHER EXPENSES 892654 806281 79238 7135 UTILITIES 814242 736075 71653 6514 INSTRUCTIONAL 758356 758356 0 0 256789 194251 60819 1719 33093925 27606816 4827464 659645 91796 100987 4442394 2730865 623743 663982 604636 1091390 500 750 181131 228406 46918447 25584681 21349861 21333766 34904792 32714233 4723856 6607962 66922709 65472341 1710364 2029317 15007162 15334370 840720 2807839 17558246 20171526 X 7806019 7466635 41558444 37834180 49364463 45300815 66922709 65472341 X -1813247 -2255583 5182 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 38714749 255552 -1100823 1685477 337095 35846906 42146419 965956 -2533687 1553282 310657 38714749 35359065 566732 9008256 1787634 1000000 42146419 35472406 228716 1476682 1515616 303123 35359065 36757113 391693 -62300 1315469 298631 35472406 1.00000 1 0 100417 100417 19834005 9923862 9910143 18289037 8375160 9913877 8427889 7285659 1142230 267099 267099 21333766 FUNDS HELD IN TRUST BY OTHERS 3852970 CASH SURRENDER VALUE OF LIFE INSURANCE 521354 OPERATING LEASE RIGHT-OF-USE ASSETS 2233638 6607962 DEPOSITS & AGENCY FUNDS 70013 ANNUITIES PAYABLE 89388 ASSET RETIREMENT OBLIGATION 196129 POSTRETIREMENT BENEFIT LIABILITIES 218671 OPERATING LEASE LIABILITIES 2233638 2807839 17150287 -2255583 5182 -2250401 19400688 11879990 11879990 31280678 21213935 0 21213935 11879990 11879990 33093925 PART V, LINE 4: PRESERVATION OF CAPITAL - OVER THE INVESTMENT TIME HORIZON, CAPITAL GAINS ARE TO BE PROTECTED. A POSITIVE RETURN IS EXPECTED OVER THE INVESTMENT TIME HORIZON; ALTHOUGH THERE MAY BE PERIODS WITH NEGATIVE RETURNS. DURING THE INTERIM, THE FUND MAY SACRIFICE SOME POSITIVE RETURNS IN ORDER TO PROTECT AGAINST LOSSES. PRESERVATION OF PURCHASING POWER - ASSET GROWTH, EXCLUSIVE OF CONTRIBUTIONS AND WITHDRAWALS, SHOULD EXCEED THE RATE OF INFLATION IN ORDER TO PRESERVE PURCHASING POWER OF THE FUND'S ASSETS. THE FUND IS WILLING TO ASSUME A MODERATE AMOUNT OF RISK IN ORDER TO REACH ITS LONG-TERM OBJECTIVES. ANNUAL SPENDABLE INCOME - AN ANNUAL SPENDABLE INCOME (EARNED INCOME AND REALIZED GAINS) AS APPROVED BY THE FINANCE COMMITTEE WILL SUPPORT THE COLLEGE GENERAL OPERATIONS AND RESTRICTED PROGRAMS IN ACCORDANCE WITH THE DONOR SPECIFICATIONS. PART XI, LINE 2D - OTHER ADJUSTMENTS: PRESENT VALUE ADJUSTMENTS ON ANNUITIES 5,182. PART XI, LINE 4B - OTHER ADJUSTMENTS: STUDENT AID DISCOUNTS 11,879,990. PART XII, LINE 4B - OTHER ADJUSTMENTS: STUDENT AID DISCOUNTS 11,879,990. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 CATALOG AND SOLICITATION MATERIAL HAVE STATEMENTS REGARDING NONDISCRIMINATION. SCHEDULE E, PART I, LINE 6 THE ORGANIZATION RECEIVES FINANCIAL AID FROM THE U.S. DEPARTMENT OF EDUCATION. 1 EAST ASIA AND THE PACIFIC 0 0 PROGRAM SERVICES EDUCATION PROGRAMS 57500 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 PROGRAM SERVICES EDUCATIONAL PROGRAMS 12200 0 0 0 0 0 0 69700 0 69700 0 0 0 0 0 0 PART I, LINE 2: GRANTS AND OTHER ASSISTANCE OUTSIDE OF THE UNITED STATES ARE MONITORED BY THE BUSINESS AND FINANCIAL AID OFFICES WITH INFORMATION SUPPLIED BY THE STUDY ABROAD OFFICE. THE FINANCIAL AID OFFICE AWARDS THE GRANTS/SCHOLARSHIPS TO THOSE STUDENTS WITH FINANCIAL NEED AND ACADEMIC MERIT THAT ARE STUDYING ABROAD. THE BUSINESS OFFICE MONITORS THE GRANTS/SCHOLARSHIPS BASED ON THE BALANCE AVAILABLE OF EACH GRANT/SCHOLARSHIP FUND THAT CAN BE GIVEN OUT. THE FINANCIAL AID AND BUSINESS OFFICE RECONCILE ALL GRANTS/SCHOLARSHIPS EACH SEMESTER TO VERIFY THAT THEY INDEED ARE CORRECT ON THE STUDENTS ACCOUNT AND IN THE GL SYSTEM. PART III ACCOUNTING METHOD: BASEBALL GOLF SCRAMBLE 21200 21200 1278 5842 BASKETBALL CAR SHOW 20075 20075 3263 4696 41275 41275 4541 5842 4696 15079 26196 1 STUDENT AID DISCOUNTS 697 11879990 PART I, LINE 2: SCHOLARSHIPS ARE MONITORED BY THE FINANCIAL AID OFFICE AND THE BUSINESS OFFICE. THE FINANCIAL AID OFFICE AWARDS ALL SCHOLARSHIPS TO STUDENTS BASED ON THEIR FINANCIAL NEED AND ACADEMIC MERIT. THE BUSINESS OFFICE MONITORS SCHOLARSHIPS BASED ON THE SATISFACTORY ACADEMIC PROGRESS POLICY INSTITUTED BY THE INSTITUTION. BOTH THE FINANCIAL AID OFFICE AND BUSINESS OFFICE RECONCILE ALL SCHOLARSHIPS EACH SEMESTER TO VERIFY THAT THEY INDEED ARE CORRECT ON THE STUDENTS ACCOUNT AND IN THE G/L SYSTEM. X X X 1 1 X X 0 0 0 0 0 0 0 0 0 TOM MITZEL PRESIDENT 249712 0 0 0 0 0 9908 0 14747 0 274367 0 0 0 DAN FRAZIER V.P. OF FINANCE 154902 0 0 0 0 0 6105 0 14625 0 175632 0 0 0 JAMES COUSINS V.P. ACADEMIC AFFAIRS DIVISION 132207 0 0 0 0 0 5402 0 14158 0 151767 0 0 0 PART I, LINE 1A THE PRESIDENT OF THE INSTITUTION HAS A SPECIFIC CUSTODIAN FOR HIS HOME. THE CUSTODIAN THAT CLEANS THE PRESIDENT'S HOME IS AN EMPLOYEE OF KENTUCKY WESLEYAN COLLEGE. SCOTT KRAMER OFFICER KWC LOAN FUND X 1000 500 0 0 1 BRIAN SECHRIST FACULTY MEMBER KWC LOAN FUND X 1000 250 0 0 1 750 THOMAS MAJOR TRUSTEE 45854 EMPLOYED BY HOUCHENS INDUSTRIES OF BOWLING GREEN VIA THEIR OWNERSHIP OF HOUCHENS INSURANCE GROUP. KWC PAYS INSURANCE TO HOUCHENS INSURANCE GROUP. 0 NOEL CLAYTON TRUSTEE 59900 DIRECTOR OF THE OWENSBORO FAMILY YMCA TRUST. KWC PAYS STUDENT MEMBERSHIPS TO THE OWENSBORO FAMILY YMCA EACH YEAR. 0 X 2 5847 X CARPET 1 38330 COST 0 0 0 FORM 990, PART VI, SECTION A, LINE 2 DAVID HOCKER (TRUSTEE EMERITI) IS FATHER OF D. TALMAGE HOCKER (TRUSTEE) AND BROTHER-IN-LAW TO HAROLD HALL (TRUSTEE). HAROLD HALL (TRUSTEE) IS UNCLE TO D. TALMAGE HOCKER (TRUSTEE). FORM 990, PART VI, SECTION B, LINE 11B THE V.P. OF FINANCE AND THE CONTROLLER REVIEW THE DRAFT OF THE 990 BEFORE FILING THE FINAL 990 TAX RETURN. THE BOARD REVIEWS A PARTIAL COPY OF THE 990 - THE COPY THE BOARD REVIEWS DOES NOT CONTAIN SALARY INFORMATION OR DONOR INFORMATION. FORM 990, PART VI, SECTION B, LINE 12C ALL OFFICERS, TRUSTEES, AND KEY EMPLOYEES ARE REQUIRED TO COMPLETE AN ANNUAL FORM STATING THEIR COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY. THE CONFLICT OF INTEREST POLICY IS MONITORED AT LEAST ANNUALLY BY THE OFFICE OF PRESIDENT AND THOSE WITH A CONFLICT ARE RECUSED FROM ANY DISCUSSION AND VOTE. FORM 990, PART VI, SECTION B, LINE 15 LINE 15A, MANAGEMENT - THE BOARD OF TRUSTEES REFERENCES OTHER COMPARABLE SMALL COLLEGE COMPENSATION DATA FROM ACB & CIC TO NEGOTIATE BEGINNING SALARY AND BENEFITS OF INCOMING RESIDENTS; ANNUAL REVIEW OF JOB PERFORMANCE IS COMPLETED WITH THE BOARD OF TRUSTEE CHAIRMAN. LINE 15B, KEY EMPLOYEES - SALARY DATA FROM OTHER COMPARABLE INSTITUTIONS IS USED TO DETERMINE BEGINNING SALARIES OF ALL OFFICERS; NEGOTIATIONS ARE MANAGED BY THE COLLEGE PRESIDENT; ANNUAL REVIEW OF JOB PERFORMANCE AND SALARY LEVEL IS COMPLETED FOR EACH OFFICER BY THE PRESIDENT; ANNUAL AIKCU SALARY DATA BY POSITION IS ALSO REFERENCED. REVIEWS AND APPROVALS ARE CONDUCTED BY INDEPENDENT PERSONS. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST AND AT THE DISCRETION OF THE BOARD OF DIRECTORS AND MANAGEMENT. FORM 990, PART XI, LINE 9: PRESENT VALUE ADJUSTMENT ON ANNUITIES 5,182. PART XII, LINE 2C: THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. CHARITABLE REMAINDER UNITRUST - 6 BENEFICIAL TRUST KY N/A T 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0