2023-04-18T13:19:16-05:00 2022-05-31 160765486 LUMSDEN & MCCORMICK LLP 369 FRANKLIN STREET BUFFALO NY 14202 990 2021-06-01 160743045 HOUGHTON UNIVERSITY HOUG 5855679200 1 WILLARD AVENUE HOUGHTON NY 14744 DALE WRIGHT CFO 5855679200 2023-04-17 1 DALE WRIGHT XXX-XX-XXXX SARAH M HOPKINS P02010701 7168563300 2023-04-17 0 AAL1 IAL1 2021 2023-04-26 12:10:37Z DR WAYNE D LEWIS JR 1 WILLARD AVENUE HOUGHTON NY 14744 46102685 0 X WWW.HOUGHTON.EDU X 1883 NY A NATIONALLY RANKED CHRISTIAN UNIVERSITY FOUNDED BY THE WESLEYAN CHURCH. 31 30 943 87 30483 0 10816486 11662024 32852003 20692155 2551950 4986042 563570 569564 46784009 37909785 13944605 3959512 0 0 15160487 14677876 59566 8400 1022022 14101612 15808840 43266270 34454628 3517739 3455157 136524198 128730517 29810241 31855768 106713957 96874749 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 12031970 2366675 13796544 INSTRUCTION:UNDERGRADUATE RESIDENTIAL EDUCATION: HOUGHTON UNIVERSITY PROVIDES AN ACADEMICALLY CHALLENGING, CHRIST-CENTERED EDUCATION IN THE LIBERAL ARTS AND SCIENCES TO APPROXIMATELY 700 TRADITIONAL UNDERGRADUATE STUDENTS IN A RURAL, RESIDENTIAL CAMPUS SETTING. APPROXIMATELY 60 MAJORS IN THE LIBERAL ARTS, NATURAL SCIENCES, AND PRE-PROFESSIONAL DEGREES ARE OFFERED. HOUGHTON FOCUSES ON PROVIDING STUDENTS OUTSTANDING EXPERIENTIAL LEARNING OPPORTUNITIES BOTH IN AND OUTSIDE THE CLASSROOM. GRADUATES OF HOUGHTON UNIVERSITY ARE EQUIPPED TO LEAD AND LABOR AS SCHOLAR-SERVANTS IN A CHANGING WORLD.ONLINE EDUCATION: HOUGHTON UNIVERSITY PROVIDES AN ACADEMICALLY CHALLENGING, CHRIST-CENTERED EDUCATION IN THE LIBERAL ARTS TO A DIVERSE STUDENT BODY FROM ROUND THE WORLD THROUGH ITS ONLINE COURSES. LEARNERS ARE OFFERED THE FLEXIBILITY TO EARN A DEGREE AT WHATEVER PACE THEY REQUIRE. HOUGHTON ONLINE STUDENTS THRIVE IN SMALL, PERSONAL ONLINE CLASSES DESIGNED TO FACILITATE CONNECTING QUICKLY WITH PROFESSIONS AND PEERS. STUDENTS ENJOY EXPERIENTIAL, PRACTITIONER-BASED LEARNING IN A DIVERSE, SPIRITUAL COMMUNITY. EIGHT UNDERGRADUATE DEGREE PROGRAMS ARE OFFERED, AS WELL AS TWO MASTER'S LEVEL PROGRAMS.LOCATION BASED EDUCATION: AS HOUGHTON UNIVERSITY SEEKS TO FULFILL ITS MISSION TO PROVIDE EDUCATION TO STUDENTS REGARDLESS OF THEIR ECONOMIC BACKGROUND, OFFSITE EDUCATIONAL PROGRAMS ARE OFFERED TO MEET THE UNIQUE NEEDS OF LEARNERS IN NEARBY COMMUNITIES. 5652037 6889731 AUXILARY ENTERPRISES: STUDENT HOUSING, FOOD SERVICES, CAMPUS STORE, AND OTHER AUXILARY ENTERPRISES. 7914368 STUDENT SERVICES: STUDENT LIFE, ATHLETICS, ADMISSIONS, AND OTHER STUDENT SERVICES. 3572520 1592837 558716 OTHER PROGRAM EXPENSES INCLUDE GRANTS TO STUDENTS - HEERF, AS WELL AS DEPARTMENTAL PROJECTS AND STUDENT LOANS. 3572520 1592837 558716 29170895 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 1440 0 1 943 1 1 1 1 TZ 0 0 0 0 0 0 0 0 0 0 X 31 30 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 (BEG JUNE 2021) 39.00 1.00 X X 158082 0 7814 CARRIE WHITCHER CHAIR 2.00 X X 0 0 0 DANIEL BATES VICE CHAIR 2.00 X X 0 0 0 RUTH WOODWORTH VICE CHAIR 2.00 X X 0 0 0 REV DR JOSEPH JENNINGS 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 DR DAVID BEATTIE TRUSTEE 1.00 X 0 0 0 DEBRA CANFIELD TRUSTEE 1.00 X 0 0 0 AKASH DESAI TRUSTEE 1.00 X 0 0 0 JAMES ECKERT TRUSTEE 1.00 X 0 0 0 KAREN FOHL 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 KEVIN C KNOWLTON TRUSTEE 1.00 X 0 0 0 RAY KALTENBAUGH TRUSTEE 1.00 X 0 0 0 GARY LARDER 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 DR JEREMY MARTIN 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 REV DR MATHHEW D PICKERING 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 JOY TOLLIVER TRUSTEE 1.00 X 0 0 0 DR COREENA WEAVER 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 126516 0 10925 JASON TOWERS VP FOR ENROLLMENT 40.00 X 125962 0 10936 CATHY FREYTAG PROFESSOR 40.00 X 117619 0 7747 KARL SISSON VP FOR ADVANCEMENT AND EXTERNAL ENGAGEMENT 39.00 1.00 X 116207 0 8126 PAUL YOUNG DEAN 40.00 X 103144 0 16286 747530 0 61834 6 0 1 0 KINLEY CORPORATION OF NY 3295 MAPLE AVENUE ALLEGHANY NY 14706 CONSTRUCTION SERVICES 1920411 METZ CULINARY MANAGEMENT TWO WOODLAND DRIVE DALLAS PA 18612 FOOD SERVICE 1893621 SODEXO INC & AFFILIATES (FAC CONTRACT PO BOX 360170 PITTSBURGH PA 15251 CUSTODIAL AND MAINTENANCE 1847013 SPARKS451 INC 865 MERRICK AVE SUITE 451 WESTBURY NY 11590 DIGITAL MEDIA AND ADVERTISING 218448 DALY PAVING 57 HASKELL AVE ARCADE NY 14009 CONSTRUCTION SERVICES 163100 6 1392023 3564326 6705675 794359 11662024 TUITION AND FEES 611600 13796544 13796544 AUXILIARY ENTERPRISES 611710 6895611 6876339 19272 20692155 3993389 3993389 9036290 29123 8057392 15368 978898 13755 992653 13755 978898 218366 120140 98226 87015 11211 471338 471338 471338 37909785 21244991 30483 4972287 X 3959512 3959512 530561 442235 88326 11066103 8995652 1541912 528539 204727 160703 33027 10997 2102273 1577570 433695 91008 774212 577476 151627 45109 281465 281465 77440 77440 8400 8400 3768598 3560576 163440 44582 261278 246599 856 13823 308242 198384 103626 6232 392355 229324 163031 778 778 2137668 1641876 390609 105183 799509 707646 26585 65278 24277 3669 20608 1081646 999878 81768 2950625 2648437 301892 296 244555 182411 47895 14249 FOOD 761024 761024 2719380 2719380 34454628 29170895 4261711 1022022 1020309 617200 6110639 5838821 358693 337593 1968794 1357623 1083399 831914 68383 81474 776868 509340 98715727 59078783 40029023 39636944 79160867 69897053 5947223 9622555 136524198 128730517 3663076 2964710 1027666 942754 22250000 70513 93240 24955746 5698304 29810241 31855768 X 23678635 23069026 83035322 73805723 106713957 96874749 136524198 128730517 X 3455157 -13370871 76506 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X 0 77840929 2747441 -8312249 988465 1422579 69865077 57801644 1538849 20841026 948737 1391853 77840929 53834227 1789287 4400747 908663 1313954 57801644 55595627 711219 -541460 777253 1153906 53834227 50279732 1470007 6015624 763129 1406607 55595627 0.02000 0.62000 0.36000 0 0 965624 965624 76770774 43136542 33634232 13128379 11367301 1761078 7850950 4574940 3276010 39636944 RIGHT OF USE ASSETS 199799 BENEFICIAL INTEREST IN FOUNDATION -19797 SPLIT INTEREST AGREEMENTS 4989932 ASSETS RESTRICTED FOR USE 4452621 9622555 FUNDS HELD ON BEHALF OF OTHERS 29179 SPLIT INTEREST AGREEMENTS 2370202 BONDS PREMIUMS AND DEFERRED FINANCING COSTS 1963307 TAXABLE BOND LIABILITIES 435000 US GOVERNMENT LOAN FUNDS 698028 LEASE LIABILITY 202588 5698304 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. 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. LINE 6 - EXPLANATION OF GOVERNMENT FINANCIAL AID 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. 1 EUROPE 0 14 PROGRAM SERVICES STUDY ABROAD 221335 EAST AFRICA 0 4 PROGRAM SERVICES STUDY ABROAD 148383 CENTRAL AMERICA AND THE CARIBBEAN 0 1 PROGRAM SERVICES STUDY ABROAD 9307 0 19 0 0 0 19 379025 0 379025 0 0 0 0 0 0 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. PART III ACCOUNTING METHOD: 1 ENDOWED GRANTS AND SCHOLARSHIPS 529 1574913 HIGHER EDUCATION EMERGENCY RELIEF FUNDS - GRANTS TO STUDENTS 515 1592837 NEED BASED GRANTS AND SCHOLARSHIPS 153 346528 MERIT BASED GRANTS AND SCHOLARSHIPS 8 121538 SPECIAL CATEGORY GRANTS AND SCHOLARSHIPS 144 161005 AGENCY GRANTS AND SCHOLARSHIPS 104 98441 FEDERAL SEOG GRANTS 51 64250 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 (BEG JUNE 2021) 150000 0 0 0 8082 0 3900 0 3914 0 165896 0 0 0 A ALLEGANY COUNTY CAPITAL RESOURCES CORPORATION 454707001 017095AH3 2022-03-16 24817813 REFINANCE DEBT AND HVAC REPLACEMENT 0 0 0 A 24817813 1452000 527447 19838366 3000000 0 0 0 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 A 0 0 0 1 0 0 0 0 1 A 1 PART IV, LINE 2C DATE OF REBATE CALCULATION - 3/15/2023 X 6172 787184 FMV X EQUESTRIAN EQUIPMENT 3 7175 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. UPON APPROVAL, IT IS SUBMITTED WITH A RECOMMENDATION OF APPROVAL 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, COALITION OF CHRISTIAN COLLEGES AND UNIVERSITIES,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 IX, LINE 11G OTHER FEES: PROGRAM SERVICE EXPENSES 3,560,576. MANAGEMENT AND GENERAL EXPENSES 163,440. FUNDRAISING EXPENSES 44,582. TOTAL EXPENSES 3,768,598. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS 101,864. CHANGE IN BENEFICIAL INSTEREST IN FOUNDATION -25,358. 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 1392023 FAIR MARKET VALUE