2024-05-14T11:42:08-05:00 2023-06-30 431126847 WILLIAMS-KEEPERS LLC 2005 WEST BROADWAY SUITE 100 COLUMBIA MO 65203 990 2022-07-01 430652617 WESTMINSTER COLLEGE WEST 5735925080 501 WESTMINSTER AVENUE FULTON MO 65251 STEVE TYRELL SENIOR VP, CFO AND COO 5735925080 2024-05-13 1 STEVE TYRELL 999009999 0 RYAN HENRY P01749573 5734426171 2024-05-13 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z STEVE TYRELL 501 WESTMINSTER AVENUE FULTON MO 65251 88099356 0 X WWW.WESTMINSTER-MO.EDU X 1851 MO FOUR-YEAR, UNDERGRADUATE LIBERAL ARTS COLLEGE. 27 27 562 27 0 16531 33379868 27999345 23031100 22665734 4013982 1813554 1069543 1402933 61494493 53881566 13075222 12152138 0 0 12873442 13335224 0 0 470878 14088139 13942384 40036803 39429746 21457690 14451820 113884689 134852533 21826969 21703119 92057720 113149414 X IT SHALL BE THE MISSION OF WESTMINSTER COLLEGE TO EDUCATE AND INSPIRE ALL ITS STUDENTS THROUGH A DISTINCTIVE LIBERAL ARTS CURRICULUM AND A DYNAMIC DEVELOPMENTAL EXPERIENCE; TO CHALLENGE THEM TO BE CRITICALLY AWARE, LIFE-LONG LEARNERS AND LEADERS OF CHARACTER, COMMITTED TO THE VALUES OF INTEGRITY, FAIRNESS, RESPECT, AND RESPONSIBILITY; AND TO PREPARE THEM FOR LIVES OF SUCCESS, SIGNIFICANCE AND SERVICE. 0 0 7965934 23501478 INSTRUCTIONAL - ACADEMIC DEPARTMENTS FOR CLASSROOM INSTRUCTION. NUMBER BENEFITED - SERVED 604 STUDENTS FALL 2022 AND 549 STUDENTS SPRING 2023 12152138 12152138 SCHOLARSHIPS AND OTHER FINANCIAL AID - FINANCIAL AID PROVIDED TO STUDENTS ON BASIS OF ACADEMIC ACHIEVEMENT, FINANCIAL NEED AND OTHER SIMILAR STANDARDS. NUMBER BENEFITED - 615 7235437 STUDENT SERVICES - EXPENSES RELATING TO DEAN OF STUDENT LIFE, ADMISSIONS, GUIDANCE, PLACEMENT, CHAPLIN, FINANCIAL AID, AND INTERCOLLEGIATE ATHLETICS. NUMBER BENEFITED - SERVED 604 STUDENTS FALL 2022 AND 549 STUDENTS SPRING 2023 4458536 AUXILIARY OPERATIONS- RESIDENCE HALLS, BOOK STORE, DINING HALL. 4458536 31812045 1 1 0 0 0 0 1 1 0 1 1 0 0 1 1 1 1 0 1 0 0 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 0 0 0 0 1 68 0 1 562 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 27 27 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X CHARITY SNELL 5735925080 501 WESTMINSTER AVE FULTON MO 65251 JIM MORTON CHAIR OF THE BOARD 5.00 X X 0 0 0 BILL DANIELS VICE CHAIR OF THE BOARD 5.00 X X 0 0 0 GARY HENSON TRUSTEE 0.50 X 0 0 0 JEFF BINDER TRUSTEE 0.50 X 0 0 0 SARAH AYERS TRUSTEE 0.50 X 0 0 0 JACK BAUMSTARK TRUSTEE 0.50 X 0 0 0 JAMES F BENNETT VICE CHAIR OF THE BOARD 5.00 X X 0 0 0 PHIL BOECKMAN TRUSTEE 0.50 X 0 0 0 TOM CHRISTENSEN TRUSTEE 0.50 X 0 0 0 MARRISA DENEHY ALUMNI COUNCIL PRESIDENT 0.50 X 0 0 0 DAN DOKOVIC TRUSTEE 0.50 X 0 0 0 WARREN K ERDMAN TRUSTEE 0.50 X 0 0 0 BETSY HUMPHREYS TRUSTEE 0.50 X 0 0 0 DARREN KAY TRUSTEE 0.50 X 0 0 0 DAVID M JACKSON TRUSTEE 0.50 X 0 0 0 ANDREA MADDOX-DALLAS TRUSTEE 0.50 X 0 0 0 KENT C MUELLER TRUSTEE 0.50 X 0 0 0 LEIGH REAVES TRUSTEE 0.50 X 0 0 0 THOMAS BOOKER TRUSTEE 0.50 X 0 0 0 JEFFREY A OWENS TRUSTEE 0.50 X 0 0 0 J CHRISTOPHER PANETTIERE TRUSTEE 0.50 X 0 0 0 NEAL F PERRYMAN VICE CHAIR OF THE BOARD 5.00 X X 0 0 0 ROBERT W PRICE JR TRUSTEE 0.50 X 0 0 0 LOUIS W RIGGS TRUSTEE 0.50 X 0 0 0 L KENTON THEROFF TRUSTEE 0.50 X 0 0 0 LANA A ZERRER TRUSTEE 0.50 X 0 0 0 ERIC KOESTNER TRUSTEE 0.50 X 0 0 0 DONALD P LOFE JR PRESIDENT OF THE COLLEGE 40.00 X 594623 0 48791 STEVEN TYRELL CFO 40.00 X 251516 0 7994 INGRID ILINCA VP OF ACADENIC AFFAIRS 40.00 X 118741 0 20734 PAUL ORSCHELN VP OF ENROLLMENT MANAGEMEN 40.00 X 185760 0 16320 JAMES ANDREWS VP FOR INSTITUTIONAL ADAVA 40.00 X 129753 0 25008 KASI LACEY VP AND DEAN OF STUDENT LIF 40.00 X 154714 0 27493 TANYS C NELSON ASSISTANT DEAN OF ONLINE PROGRAMS 40.00 X 101228 0 15452 1536335 0 161792 8 0 1 0 SM WILSON & COMPANY 2185 HAMPTON AVE ST LOUIS MO 63139 CONSTRUCTION 1774170 EAB PO BOX 603519 CHARLOTTE NC 28260 MARKETING AND CONSULTING SERVICES 1295574 FRESH IDEAS 3220 VANDIVER DRIVE COLUMBIA MO 65202 FOOD SERVICE 965191 WFF FACILITY SERVICES PO BOX 958204 ST LOUIS MO 63195 CLEANING SERVICES 504726 KAUFMAN HALL & ASSOCIATES 8610 SOLUTION CENTER DR CHICAGO IL 60677 FINANCIAL SERVICES 360948 14 398312 27601033 27999345 TUITION, FEES, RELATED PROGRAMS 900099 18946334 18946334 AUXILIARY SERVICES 900099 3719400 3719400 22665734 1058601 1058601 526401 526401 18563 0 18563 18563 18563 34966477 15893 34227417 0 739060 15893 754953 754953 12598 -9627 22225 22225 OTHER INCOME 900099 835744 835744 835744 53881566 23501478 0 2380743 12152138 12152138 723435 723435 10799521 8464179 2017075 318267 1812268 1386724 374964 50580 113375 113375 108378 108378 98893 98893 3445857 2507143 909057 29657 121862 79933 41929 692054 419528 267580 4946 1179830 181683 954182 43965 2244152 2024232 219920 734926 656027 57316 21583 155738 103158 52580 931341 926375 4966 2201572 1898398 303174 973811 313997 659814 OTHER EXPENSES 566901 483058 81963 1880 SPECIAL PROJECTS 260924 163828 97096 DUES & SUBSCRIPTIONS 112770 51644 61126 39429746 31812045 7146823 470878 513337 2156806 273647 207971 2757453 418975 15128 36734 269667 345035 95565846 57532536 35110402 38033310 45287874 44443272 2806748 2579427 26850433 46631003 113884689 134852533 4560012 4192444 272920 298239 12644180 12679905 3451455 3607121 898402 925410 21826969 21703119 X 35060501 46057423 56997219 67091991 92057720 113149414 113884689 134852533 X 14451820 6742048 -102174 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X 1 1 1 0 183854.00 X X X X X EDUCATE STUDENTS AT THE SCHOOL 0 51591885 673842 9230273 1034352 828224 302288 59331136 59356346 4434684 -6769424 707902 495031 4226788 51591885 51877609 960484 10842000 694347 795915 2833485 59356346 51969227 5108194 269730 741242 621974 4106326 51877609 51800600 3022819 2581046 530972 465435 4438831 51969227 0.02843 0.74975 0.22182 0 0 3318000 1868757 5186757 75963280 47882969 28080311 10006091 9649567 356524 4409718 4409718 38033310 BOND FUNDS HELD BY TRUSTEE 3751084 BENEFICIAL INTEREST IN PERPETUAL TRUSTS 1699055 COLLECTIONS 40650000 RIGHT OF USE ASSETS 530864 46631003 STUDENT DEPOSITS 96916 DEPOSITS HELD FOR OTHERS 50419 ANNUITIES PAYABLE 207543 CONDITIONAL ASSET RETIREMENT OBLIGATIONS 254890 LEASE LIABILITY - FINANCE 315642 925410 X 48401739 6742048 32532 6774580 41627159 98893 12155514 12254407 53881566 27310045 134706 134706 27175339 98893 12155514 12254407 39429746 PART II, LINE 9: THE NATIONAL CHURCHILL MUSEUM LOCATED AT WESTMINSTER COLLEGE IS A CERTIFIED HISTORIC STRUCTURE. GIFTS RECEIVED FROM DONORS TO SUPPORT THE MEMORIAL ARE REPORTED AS CONTRIBUTION REVENUE. EXPENSES RELATING TO THE MEMORIAL ARE REPORTED AS PROGRAM EXPENSES (ACADEMIC SUPPORT). PART III, LINE 4: MISSON: THE NATIONAL CHURCHILL MUSEUM, ON THE CAMPUS OF WESTMINSTER COLLEGE, COMMEMORATES AND CELEBRATES THE LIFE, TIMES, AND DISTINGUISHED CAREER OF SIR WINSTON CHURCHILL AND INSPIRES CURRENT AND FUTURE LEADERS BY HIS EXAMPLE OF RESILIENCE, DETERMINATION, AND RESOLUTION. THE MUSEUM FULFILLS ITS MISSION BY: - MAINTAINING AND EVOLVING THE MUSEUM AS A SYMBOL OF CHURCHILL?S LEADERSHIP AND PRINCIPLES, - BUILDING AND PRESERVING THE COLLECTIONS ABOUT CHURCHILL AND CHRISTOPHER WREN, - CONTRIBUTING TO CULTURAL ENRICHMENT THROUGH EXHIBITIONS AND EDUCATIONAL PROGRAMS, AND - DEVELOPING ACADEMIC RESOURCES TO PROMOTE SCHOLARLY STUDY. THE MUSEUM'S COLLECTION IS A JEWEL FOR MILITARY AND BRITISH HISTORIANS AND COMPRISES MANY ONE-OF-A-KIND ARTIFACTS. HISTORIANS INTERESTED IN THE LIFE AND TIMES OF SIR WINSTON CHURCHILL COULD NOT FIND A BETTER PLACE IN AMERICA TO CONDUCT THEIR STUDIES, ACCORDING TO BARRY R. BAUMAN WHO COMPLETED A GENERAL SURVEY OF THE MUSEUM IN 2008 (WWW.BAUMANCONSERVATION.COM). THE COLLECTION INCLUDES OVER 10,000 LIBRARY AND ARCHIVAL MATERIALS. THERE ARE ALSO THOUSANDS OF PHOTOGRAPHS, SEVERAL HUNDRED PRINTS AND DRAWINGS, AND APPROX. 1,000 THREE-DIMENSIONAL OBJECTS. THE GREATEST STRENGTH OF THE HOLDINGS IS THE INTERRELATIONSHIPS WITHIN THE VARIOUS SECTIONS OF THE COLLECTION. THE COLLECTION ALSO INCLUDES LESSER NUMBERS OF PAINTINGS AND TEXTILES, PRIMARILY UNIFORMS. SOME OF THE COLLECTION IS USED IN HANDS-ON EDUCATIONAL ACTIVITIES. THIS OFFERS A WONDERFUL ADDITIONAL EXPERIENCE TO ALL STUDENTS. THE CHURCHILL PRIMARY DOCUMENTS CONSISTING OF PHOTOGRAPHS AND LETTERS ARE EXCELLENT SOURCE MATERIALS FOR RESEARCH IN THE LATE PERSONAL LIFE OF CHURCHILL AND HIS FAMILY MEMBERS. OTHER COLLECTION MATERIALS INCLUDE HUNDREDS OF ORIGINAL WAR POSTERS, NEWSPAPERS AND CLIPPINGS FOR EXCELLENT PRIMARY SOURCES FOR FACTS AND OPINIONS. COLLECTIONS ON MUSEUM EVENTS GIVE PERSPECTIVE ON THE VISITS OF CHURCHILL, TRUMAN, GORBACHEV, THATCHER, REAGAN, BUSH AND OTHER STATE LEADERS AND THEIR GLOBAL VIEWPOINT ON THE COLD WAR. HISTORIC PRESERVATION SCHOLARS WILL FIND LETTERS, INVOICES AND PAPERS ON THE UNIQUE TASK OF TRANSPORTING A BAROQUE CHURCH STRUCTURE FROM LONDON TO FULTON, ITS REASSEMBLE AND RECREATING CARVINGS AND CURTAIN ORNAMENTATION TO REFLECT SIR CHRISTOPHER WREN. THE NATIONAL CHURCHILL MUSEUM AND LIBRARY CONTAINS 1,322 VOLUMES PERTAINING TO CHURCHILL AND IS RATED AS EXCELLENT HOLDINGS OF SECONDARY SOURCE MATERIALS. CARLO D'ESTE, AUTHOR OF WARLORD: THE LIVE OF WINSTON CHURCHILL AT WAR, BEGAN HERE AS HIS STARTING POINT FOR RESEARCH. THIS PROJECT WILL EXPAND ACCESS TO THE CHURCHILL COLLECTION AND SPECIFICALLY, ITS RELEVANCE TO THE COLD WAR. BECAUSE OF THE LACK OF ADEQUATE DESCRIPTIVE MATERIALS AND GOOD FINDING AIDS, THE MUSEUM'S COLLECTION IS UNDER-UTILIZED. SOME VOLUMES ARE LOCATED AT REEVES LIBRARY, THE COLLEGE LIBRARY, LOCATED ACROSS FROM THE MUSEUM FACILITY. THE MUSEUM'S ARCHIVES/COLLECTIONS ARE FOR EDUCATION PURPOSES EITHER THROUGH PUBLIC EXHIBITION INHOUSE AND LOANED TO OTHER EXHIBITING INSTITUTIONS, SCHOLARLY RESEARCH, AND PUBLIC EDUCATION. PART V, LINE 4: GENERAL SUPPORT OF THE COLLEGE, SUPPORT OF ACADEMIC DEPARTMENTS, AWARD SCHOLARSHIPS, SUPPORT OF FACILITY CHAIRS, SUPPORT THE NATIONAL CHURCHILL MUSEUM, MAINTENANCE OF THE COLLEGE FACILITIES, SUPPORT THE LIBRARY, RESEARCH PROGRAMS, LOAN FUNDS AND LECTURES. PART X, LINE 2: THE AUDITED FINANCIAL STATEMENTS INCLUDE THE FOLLOWING STATEMENT: "THE COLLEGE IS A NOT-FOR-PROFIT ORGANIZATION AS DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND IS EXEMPT FROM FEDERAL INCOME TAXES PURSUANT TO SECTION 501(A) OF THE CODE, EXCEPT FOR UNRELATED BUSINESS INCOME WHICH IS SUBJECT TO FEDERAL AND STATE INCOME TAXES AT STATUTORY RATES. INTEREST AND PENALTIES INCURRED, IF ANY, RELATED TO ANNUAL FORM 990 OR UNRELATED BUSINESS INCOME TAX FILINGS ARE REPORTED WITHIN INSTITUTIONAL SUPPORT EXPENSES IN THE STATEMENT OF ACTIIVIES." PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN VALUE OF SPLIT-INTEREST 42,160. AMOUNT REPORTED AS COST OF GOODS SOLD -9,627. ROUNDING -1. PART XI, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID/GRANTS 12,152,138. EXPENSES NETTED WITH REVENUE ON AUDIT 3,376. PART XII, LINE 2D - OTHER ADJUSTMENTS: AMOUNT REPORTED AS COST OF GOODS SOLD -9,627. UNCOLLECTIBLE PLEDGES 144,333. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID/GRANTS 12,152,138. EXPENSES NETTED WITH REVENUE ON AUDIT 3,376. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 ALL PUBLICATIONS AND LOCAL BROADCASTS MADE DURING THE REGISTRATION PERIOD INDICATE THE SOCIALLY NONDISCRIMINATORY POLICY OF THE INSTITUTION. SCHEDULE E, PART I, LINE 6 SCHEDULE A, PART V, LINE 34A - WESTMINSTER COLLEGE RECEIVES FEDERAL ASSISTANCE FROM THE DEPARTMENT OF EDUCATION FOR STUDENT FINANCIAL AID UNDER THE PELL GRANT, SUPPLEMENTARY EDUCATIONAL OPPORTUNITY GRANTS, COLLEGE WORK-STUDY, AND PERKINS LOAN PROGRAMS. 1 UNDERGRADUATE SCHOLARSHIP AWARDS 615 12152138 PART I, LINE 2: FINANCIAL AID VERIFIES ELIGIBILITY AND AWARDS APPROPRIATELY. FUNDS ARE TRANSFERRED TO STUDENT ACCOUNTS TO COVER FEES. NO OVER-AWARDING IS PERMITTED. X X 1 1 X X X 0 0 0 0 0 0 0 0 0 DONALD P LOFE JR PRESIDENT OF THE COLLEGE 594623 0 0 0 0 0 18375 0 30416 0 643414 0 0 0 STEVEN TYRELL CFO 251516 0 0 0 0 0 7016 0 978 0 259510 0 0 0 PAUL ORSCHELN VP OF ENROLLMENT MANAGEMEN 185760 0 0 0 0 0 5898 0 10422 0 202080 0 0 0 KASI LACEY VP AND DEAN OF STUDENT LIF 154714 0 0 0 0 0 4819 0 22674 0 182207 0 0 0 JAMES ANDREWS VP FOR INSTITUTIONAL ADAVA 129753 0 0 0 0 0 7175 0 17833 0 154761 0 0 0 PART I, LINE 1A THE PRESIDENT'S RESIDENCE IS USED FOR THE BUSINESS PURPOSES OF THE COLLEGE AND TO FURTHER THE MISSION OF WESTMINSTER COLLEGE. THE PRESIDENT IS REQUIRED TO RESIDE IN THE RESIDENCE AND HOST EVENTS FOR FACULTY, STAFF, ALUMNI, BOARD MEMBERS, AND OTHERS SUBJECT TO THE COVID-19 PANDEMIC CONDITIONS AND RELATED MATTERS. A IDA OF CALLAWAY COUNTY MO REFUNDING REVENUE BONDS SERIES 2021A 431327288 131168BR6 2021-07-01 3335000 REFUND SERIES 2012A BONDS 0 0 0 B IDA OF CALLAWAY COUNTY MO REFUNDING REVENUE BONDS SERIES 2021B 431327288 131168BX3 2021-07-01 6085000 REFUND SERIES 2012C BONDS 0 0 0 C IDA OF CALLAWAY COUNTY MO REFUNDING REVENUE BONDS SERIES 2021C 431327288 131168BZ8 2021-07-01 3590000 RENOVATIONS AND REPAIRS RELATED TO THE CHURCHILL MUSEUM 0 0 0 A 3335000 225727 66700 3042573 1 0 1 1 B 6085000 411860 121700 5551440 1 0 1 1 C 3590000 242987 2748000 71800 252000 275213 0 0 1 1 A 0 0 0 0 0 0 0 B 0 0 0 0 0 0 0 C 0 0 0 0 0 0 0 A 0 1 0 0 1 0 0 0 0 B 0 1 0 0 1 0 0 0 0 C 0 1 0 0 1 0 0 0 0 A 0 B 0 C 0 X 1 20000000 APPRAISAL X 1 101900 APPRAISAL X 2 1925275 VALUE ON DONATION DATE X PAINTING MAINTENANCE 1 84000 VALUE OF SERVICES PR X CONSTRUCTION SERVICES 1 31700 VALUE OF SERVICES PR X BOARD EXPENSES 1 11626 VALUE OF SERVICES PR 0 1 1 PART I, LINE 32B: IF A DONOR WANTS TO DONATE STOCK TO THE COLLEGE, IT IS TRANSFERRED TO AN INVESTMENT FIRM, WHICH SELLS THE STOCK UPON RECEIPT AND THEN CUTS A CHECK TO WESTMINSTER FOR THE PROCEEDS. THE INVESTMENT ACCOUNT HELD WITH THE FIRM IS AN IN & OUT ACCOUNT. PART I, LINE 33: GIFTS OF HISTORICAL TREASURES AND COLLECTIONS FOR THE NATIONAL CHURCHILL MUSEUM ARE NOT RECORDED ON THE FINANCIAL STATEMENTS UNLESS THE FAIR MARKET VALUE OF THE DONATION EXCEEDS $50,000. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS INITIALLY REVIEWED BY THE INTERIM CONTROLLER OF THE ORGANIZATION. THE FORM 990 IS THEN PROVIDED ELECTRONICALLY TO ALL MEMBERS OF THE BOARD OF TRUSTEES FOR THEIR REVIEW BEFORE FILING. FORM 990, PART VI, SECTION B, LINE 12C MEMBERS ARE REQUIRED TO DISCLOSE ANY CONFLICTS OF INTEREST ANNUALLY. ANY ACTIVITY OF SIGNIFICANCE GOES BEFORE THE BOARD AND MEMBERS ARE REQUIRED TO ABSTAIN AFTER DISCLOSING A PERSONAL RELATIONSHIP. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD OF TRUSTEES, THROUGH ITS GOVERNANCE AND TRUSTEESHIP COMMITTEE, REVIEWS AND APPROVES THE PRESIDENT'S ANNUAL COMPENSATION, AND THE REVIEW HAS INCLUDED REFERENCE TO COMPARABLE COMPENSATION DATA OF REGIONAL AND TRANSITIONAL PEER COLLEGES. THE BOARD CHAIR ALSO APPROVES CERTAIN SENIOR OFFICERS' CONTRACTS AND/OR OFFERS OF ENGAGEMENT IN CONSULTATION WITH THE COLLEGE PRESIDENT. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF SPLIT-INTEREST AGREEMENTS 42,160. UNCOLLECTIBLE PLEDGES -144,333. ROUNDING -1. FORM 990, PART XII, LINE 2C THE EXECUTIVE AND FINANCIAL AFFAIRS COMMITTEES MANAGE ISSUES RELATING TO SELECTION OF THE INDEPENDENT AUDITOR. THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.