2023-04-17T18:45:18-05:00 2022-05-31 273858252 DEAN DORTON ALLEN FORD PLLC 250 W MAIN STREET STE 1400 LEXINGTON KY 40507 990 2021-06-01 610466713 KENTUCKY WESLEYAN COLLEGE KENT 2709263111 3000 FREDERICA STREET OWENSBORO KY 42301 DAN FRAZIER VICE PRESIDENT OF FINANCE 2709263111 2023-04-11 1 DAN FRAZIER 999009999 ALLISON C CARTER P01242412 8592552341 3 AAL1 IAL1 2021 2023-04-26 12:10:37Z DAN FRAZIER 3000 FREDERICA STREET OWENSBORO KY 42301 48990321 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 22 22 494 30 0 0 4338820 6645851 26215083 24555459 1920837 3228811 41617 48725 32516357 34478846 11553696 11099090 0 0 9224138 9758049 0 0 620789 8879518 10807460 29657352 31664599 2859005 2814247 71793326 66922709 19690782 17558246 52102544 49364463 FOSTER A LIBERAL ARTS EDUCATION THAT NOURISHES, STIMULATES AND PREPARES FUTURE LEADERS INTELLECTUALLY, SPIRITUALLY AND PHYSICALLY TO ACHIEVE SUCCESS IN LIFE 0 0 25827677 11099090 24555459 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. 25827677 1 1 0 0 0 0 0 0 0 1 1 0 0 1 1 0 1 0 1 0 0 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 53 0 1 494 1 0 0 0 0 0 0 0 0 0 0 0 0 X 22 22 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 TOM MITZEL PRESIDENT 40.00 X 228582 0 22979 DAN FRAZIER V.P. OF FINANCE 40.00 X 136440 0 19254 MARK SHOOK V.P. OF ATHLETICS 40.00 X 103794 0 25347 EDDIE KENNY V.P. OF ADVANCEMENT 40.00 X 94913 0 17343 SCOTT E KRAMER V.P. OF EXECUTIVE INITIATIVES 40.00 X 93394 0 4325 MATT RUARK V.P. OF ADMISSIONS/FINANCE 40.00 X 84927 0 9499 REBECCA MCQUEEN-RUARK V.P OF STUDENT LIFE 40.00 X 84927 0 9499 PAULA F DEHN V.P. ACADEMIC AFFAIRS DIVISION 40.00 X 82084 0 5684 JAMES COUSINS V.P. ACADEMIC AFFAIRS DIVISION 40.00 X 76461 0 8748 ROBERT J MALLORY DIRECTOR OF ATHLETICS 40.00 X 37458 0 6351 DEBORAH CARTER DEARING TRUSTEE/SECRETARY 1.00 X 0 0 0 SHERRY M FELDPAUSCH TRUSTEE/CHAIR 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 DALE CARDEN TRUSTEE 1.00 X 0 0 0 BC CHILDRESS TRUSTEE 1.00 X 0 0 0 STEVE DIVINE TRUSTEE 1.00 X 0 0 0 LYDIA DORMAN 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 1022980 0 129029 3 0 1 0 ALADDIN FOOD MANAGEMENT SERVICES 16567 COLLECTIONS CENTER DRIVE CHICAGO IL 60693 FOOD SERVICE CONTRACTOR 1423001 LONNIE NAVE'S SERVICE COMPANY 2021 MILL AVENUE OWENSBORO KY 42303 HVAC CONTRACTOR 459531 BUILDING BY WAYNE BAKER INC 4100 VINCENT STATION DRIVE OWENSBORO KY 42303 CONSTRUCTION SERVICES 372586 MILLER TRANSPORTATION 111 OUTER LOOP LOUISVILLE KY 40214 TRAVEL BUS TRANSPORTATION 293171 US LAWNS-OWENSBORO KY 1227 MOSELEY STREET OWENSBORO KY 40214 LAWN SERVICES 267436 9 2350 247071 6396430 39708 6645851 TUITION AND FEES 611600 20006363 20006363 AUXILIARY INCOME 611710 4549096 4549096 24555459 688114 688114 2953 2953 10808 0 10808 10808 10808 17039880 14499183 2540697 2540697 2540697 47256 12292 34964 34964 34478846 24555459 0 3277536 11099090 11099090 1030817 924979 105838 6869276 4713382 1825228 330666 274634 147921 112982 13731 1029668 722593 264771 42304 553654 324283 197118 32253 231591 209358 20380 1853 36503 36503 88384 88384 121597 109923 10701 973 121182 109549 10664 969 537025 485471 47258 4296 732511 662190 64461 5860 1710137 1545964 150492 13681 627382 597473 29909 333932 301875 29386 2671 616731 557525 54272 4934 1227043 1109247 107980 9816 495532 447961 43607 3964 ATHLETICS 1165624 1165624 0 0 OTHER EXPENSES 970564 877390 85410 7764 UTILITIES 746194 674559 65665 5970 BAD DEBT 441708 0 441708 0 603820 563772 36711 3337 31664599 25827677 5216133 620789 113071 91796 6583141 4442394 1005408 623743 641479 604636 500 500 822 0 196096 181131 45666810 24316949 20387055 21349861 37587759 34904792 5277995 4723856 71793326 66922709 1665142 1710364 17074887 15007162 950753 840720 19690782 17558246 X 7091542 7806019 45011002 41558444 52102544 49364463 71793326 66922709 X 2814247 -5603607 51279 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 42146419 965956 -2533687 1553282 310657 38714749 35359065 566732 9008256 1787634 1000000 42146419 35472406 228716 1476682 1515616 303123 35359065 36757113 391693 -62300 1315469 298631 35472406 36092016 391924 2293319 1307979 397342 314825 36757113 1.00000 1 0 100417 100417 19720329 9593854 10126475 17231913 7745379 9486534 8285271 6977716 1307555 328880 328880 21349861 FUNDS HELD IN TRUST BY OTHERS 4171438 CASH SURRENDER VALUE OF LIFE INSURANCE 552418 4723856 DEPOSITS & AGENCY FUNDS 54960 ANNUITIES PAYABLE 94458 ASSET RETIREMENT OBLIGATION 397489 POSTRETIREMENT BENEFIT LIABILITIES 293813 840720 17827428 -5603607 51279 -5552328 23379756 11099090 11099090 34478846 20565509 0 20565509 11099090 11099090 31664599 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 51,279. PART XI, LINE 4B - OTHER ADJUSTMENTS: STUDENT AID DISCOUNTS 11,099,090. PART XII, LINE 4B - OTHER ADJUSTMENTS: STUDENT AID DISCOUNTS 11,099,090. 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. BASEBALL GOLF SCRAMBLE 21900 21900 998 4000 1462 134 BASKETBALL CAR SHOW 25356 25356 2314 3384 47256 47256 3312 4000 1462 3518 12292 34964 1 STUDENT AID DISCOUNTS 722 11099090 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 228582 0 0 0 0 0 9753 0 13226 0 251561 0 0 0 DAN FRAZIER V.P. OF FINANCE 136440 0 0 0 0 0 5820 0 13434 0 155694 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 1 500 THOMAS MAJOR TRUSTEE 51527 INSURANCE 0 X 2 31708 X MIRROR 1 8000 APPRAISAL 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. 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 51,279. 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