2023-11-10T13:57:21-06:00 2023-06-30 540504608 BROWN EDWARDS & COMPANY LLP 707 VIRGINIA STREET EAST SUITE 300 CHARLESTON WV 25301 990 2022-07-01 550357056 WEST VIRGINIA WESLEYAN COLLEGE WEST 3044738030 59 COLLEGE AVE BUCKHANNON WV 26201 DENNIS MCMASTER VP FOR FINANCE AND OPERATIONS/CFO 3044738030 2023-11-08 1 DENNIS MCMASTER 999009999 0 MELISSA PRICE P00750418 3043434188 2023-11-08 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z DENNIS MCMASTER 59 COLLEGE AVENUE BUCKHANNON WV 26201 52777736 0 X WWW.WVWC.EDU X 1890 WV WEST VIRGINIA WESLEYAN COLLEGE CHALLENGES ITS STUDENTS TO A LIFE-LONG COMMITMENT TO DEVELOP THEIR INTELLECTUAL, ETHICAL, SPIRITUAL, AND LEADERSHIP POTENTIAL AND TO SET AND UPHOLD STANDARDS OF EXCELLENCE. FIRMLY ROOTED IN THE LIBERAL ARTS TRADITION AND CLOSELY RELATED TO THE UNITED METHODIST CHURCH, THE COLLEGE IS A COMMUNITY OF LEARNING BASED ON FUNDAMENTAL PRINCIPLES FORMED AT THE INTERSECTION OF CHRISTIAN FAITH AND LIBERAL EDUCATION: INTELLECTUAL RIGOR, SELF-DISCOVERY, HUMAN DIGNITY, MUTUAL SUPPORT, SOCIAL JUSTICE, SELF-DISCIPLINE, MENTAL AND PHYSICAL WELLNESS, THE APPRECIATION OF DIVERSITY AND THE NATURAL WORLD, AND THE JUDICIOUS USE OF RESOURCES. THE COLLEGE RECOGNIZES AND AFFIRMS ITS INTERDEPENDENCE WITH THE EXTERNAL COMMUNITIES-LOCAL, REGIONAL, NATIONAL, AND GLOBAL-AND ITS COVENANT WITH THE PEOPLE OF WEST VIRGINIA TO SHARE ITS EDUCATIONAL AND CULTURAL RESOURCES. 23 20 727 0 0 0 6698103 5888005 40916687 37965609 4167519 3501098 95607 198703 51877916 47553415 19593517 18299933 0 0 14531608 14511014 0 0 823343 11712155 12458980 45837280 45269927 6040636 2283488 129913530 136855747 19674160 16452027 110239370 120403720 X WEST VIRGINIA WESLEYAN COLLEGE CHALLENGES ITS STUDENTS TO A LIFE-LONG COMMITMENT TO DEVELOP THEIR INTELLECTUAL, ETHICAL, SPIRITUAL, AND LEADERSHIP POTENTIAL AND TO SET AND UPHOLD STANDARDS OF EXCELLENCE. FIRMLY ROOTED IN THE LIBERAL ARTS TRADITION AND CLOSELY RELATED TO THE UNITED METHODIST CHURCH, THE COLLEGE IS A COMMUNITY OF LEARNING BASED ON FUNDAMENTAL PRINCIPLES FORMED AT THE INTERSECTION OF CHRISTIAN FAITH AND LIBERAL EDUCATION: INTELLECTUAL RIGOR, SELF-DISCOVERY, HUMAN DIGNITY, MUTUAL SUPPORT, SOCIAL JUSTICE, SELF-DISCIPLINE, MENTAL AND PHYSICAL WELLNESS, THE APPRECIATION OF DIVERSITY AND THE NATURAL WORLD, AND THE JUDICIOUS USE OF RESOURCES. THE COLLEGE RECOGNIZES AND AFFIRMS ITS INTERDEPENDENCE WITH THE EXTERNAL COMMUNITIES-LOCAL, REGIONAL, NATIONAL, AND GLOBAL-AND ITS COVENANT WITH THE PEOPLE OF WEST VIRGINIA TO SHARE ITS EDUCATIONAL AND CULTURAL RESOURCES. WEST VIRGINIA WESLEYAN COLLEGE PREPARES ITS STUDENTS THROUGH ITS CURRICULUM OF ARTS AND SCIENCES, PREPROFESSIONAL, PROF 0 0 40812227 18299933 29453249 THE COLLEGE ENROLLS STUDENTS IN MORE THAN 40 BACCALAUREATE AND MASTERS PROGRAMS. 40812227 1 1 0 0 0 0 0 0 0 1 1 0 0 1 1 0 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 1 0 0 0 1 1310 0 1 727 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 23 20 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X RANDALL W CRITES 3044738030 59 COLLEGE AVENUE BUCKHANNON WV 26201 JOHN F ALLEVATO TRUSTEE, EXECUTIVE COMMITTEE 4.00 X 0 0 0 TRACY DUNN CUNNINGHAM TRUSTEE 2.00 X 0 0 0 CHRISTINE R COX TRUSTEE, EXECUTIVE COMMITTEE 4.00 X 0 0 0 BRIAN BROUILLETTE TRUSTEE 2.00 X 0 0 0 JASON FIEGEL TRUSTEE 2.00 X 0 0 0 CAROLINE RAPKING TRUSTEE, EXECUTIVE COMMITTEE 4.00 X 0 0 0 MADISYN FOX TRUSTEE 2.00 X 0 0 0 ALAN LETTON TRUSTEE 2.00 X 0 0 0 JUSTIN RABER TRUSTEE, EXECUTIVE COMMITTEE 4.00 X 0 0 0 SANDRA L STEINER BALL TRUSTEE, EXECUTIVE COMMITTEE 4.00 X 0 0 0 AMY SHANHOLTZER TRUSTEE 2.00 X 0 0 0 ELLIS E CONLEY TRUSTEE, EXECUTIVE COMMITTEE 4.00 X 0 0 0 BRIAN A MAXWELL TRUSTEE 2.00 X 0 0 0 JAMION WOLFORD TRUSTEE 2.00 X 0 0 0 JOANNE C SOLIDAY TRUSTEE, EXECUTIVE COMMITTEE 4.00 X 0 0 0 KEVIN W SPEAR TRUSTEE, EXECUTIVE COMMITTEE 4.00 X 0 0 0 CRAIG D WELSH TRUSTEE 2.00 X 0 0 0 JONATHAN ANDREW TRUSTEE 2.00 X 0 0 0 TARA STEED TRUSTEE 2.00 X 0 0 0 WILLIAM R FAHRNER TRUSTEE 2.00 X 0 0 0 VANCE P ROSS TRUSTEE 2.00 X 0 0 0 THERESA POLING TRUSTEE 2.00 X 0 0 0 JAMES MOORE PRESIDENT 50.00 X X 167426 0 29020 JOHN WALTZ VP ENROLLMENT MGMT 50.00 X 98532 0 28930 LYNN LINDER VP ACADEMIC AFFAIRS & DEAN 50.00 X 99954 0 28982 ALISON WHITEHAIR VP OF STUDENT AFFAIRS 50.00 X 91340 0 21022 DEDRIELL TAYLOR VP FOR ADVANCEMENT 50.00 X 97993 0 14036 DENNIS MCMASTER VP FOR FINANCE & OPERATIONS/CFO 50.00 X 37926 0 9195 JOEL THIERSTEIN FORMER PRESIDENT 0.00 X 318088 0 9142 911259 0 140327 2 1 1 0 ALADDIN FOOD 2400 ANSYS DRIVE SUITE 404 CONONSBURG PA 15317 FOOD SERVICE 1898928 DANHILL CONSTRUCTION COMPANY PO BOX 685 GAULEY BRIDGE WV 25085 CONSTRUCTION 1746684 COMBUSTION EQUIPMENT COMPANY PO BOX 415 GIBSONIA PA 15044 CONSTRUCTION 468158 NETWORK INNOVATION SOLUTIONS 1060 CEDAR CREST DRIVE HUNTINGTON WV 25705 IT SUPPORT AND NETWORK SERVICES 278010 INDEPENDENT COLLEGE ENTERPRISE 2300 MACCORKLE AVE SE CHARLESTON WV 25303 SOFTWARE & SUPP 258414 12 1133385 4754620 159658 5888005 TUITION & FEES 611310 29453249 29453249 AUXILLARY INCOME 611710 8512360 8512360 37965609 2058396 2058396 5090869 1576154 4738011 486310 352858 1089844 1442702 1442702 OTHER INCOME 611710 198703 198703 198703 47553415 29453249 0 12212161 18299933 18299933 931431 404733 371955 154743 10445637 9157582 1024276 263779 697117 601773 80160 15184 1653151 1098161 534651 20339 783678 652283 100991 30404 87615 87615 68865 68865 58757 36000 22757 1325722 1160344 92578 72800 1346457 1249045 59087 38325 572662 560727 11935 584290 552946 31344 2944986 2562659 318746 63581 698620 663224 20783 14613 FOOD SERVICE 1887643 1876712 9211 1720 OTHER CONTRACT SERVICES 1442568 932055 452302 58211 MISCELLANEOUS 581402 441281 139842 279 EQUIPMENT RENTAL/MAINTE 557060 395258 149827 11975 302333 167511 69367 65455 45269927 40812227 3634357 823343 X 15585592 13138880 766034 555629 187585 213537 516197 460545 77832 48416 293679 1136736 114633694 79226926 34378997 35406768 65953079 73477478 12154535 12417758 129913530 136855747 1691027 1617665 551375 694378 13894528 12728016 1038101 449570 2499129 962398 19674160 16452027 X 20612835 21988594 89626535 98415126 110239370 120403720 129913530 136855747 X 2283488 7075096 805766 X X 0 1 X 1 1 1 X 6019635 6287640 13855998 6698103 5888005 38749381 6019635 6287640 13855998 6698103 5888005 38749381 1375404 37373977 2137547 1538039 1515538 2630256 2058396 9879776 48629157 206927057 0.76860 0.77810 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 70553094 1465817 10147969 3000000 79166880 84169619 2341224 -13457749 2500000 70553094 65132245 3607775 17629599 2200000 84169619 51971721 12005580 3154944 2000000 65132245 50310418 1472098 2089205 1900000 51971721 0.98000 0.02000 1 0 1812079 1812079 91710329 60605274 31105055 17311110 15590875 1720235 3800176 3030777 769399 35406768 INTEREST IN PERPETUAL TRUSTS 12034470 DEPOSIT HELD BY TRUSTEE 209155 ROU ASSET 174133 12417758 REFUNDABLE ADVANCES 522607 SPLIT INTEREST OBLIGATIONS 265658 LEASE LIABILITY 174133 962398 37134344 7075096 805766 7880862 29253482 18299933 18299933 47553415 26969994 0 26969994 18299933 18299933 45269927 PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN VALUE OF INTEREST RATE SWAP -648. CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS 508,695. NET GAIN ON BENEFICIAL INTEREST IN TRUST 297,719. PART XI, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS AND AWARDS 18,299,933. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS AND AWARDS 18,299,933. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 NONDISCRIMINATION POLICY IS INCLUDED IN ALL OF THE COLLEGE'S PUBLICATIONS AND IS ALSO EASILY LOCATED ON THEIR WEB PAGE. SCHEDULE E, PART I, LINE 6 ASSISTANCE CONSISTS OF GRANTS RECEIVED FROM VARIOUS FEDERAL AGENCIES, INCLUDING THE U.S. DEPARTMENT OF EDUCATION. 0 SCHOLARSHIPS 902 18299933 PART I, LINE 2: STUDENTS ARE AWARDED SCHOLARSHIPS BASED ON AN EVALUATION OF NEED AND ELIGIBILITY FOR SPECIFIC AWARDS IN ACCORDANCE WITH ANY DONOR STIPULATIONS. THE FINANCIAL AID DEPARTMENT IS RESPONSIBLE FOR MAKING SCHOLARSHIP AWARDS AND FOR MONITORING ONGOING ELIGIBILITY (E.G. MAINTENANCE OF SATISFACTORY ACADEMIC PROGRESS). X 1 1 X X X X 1 0 0 0 0 0 0 0 0 JOEL THIERSTEIN FORMER PRESIDENT 318088 0 0 0 0 0 5809 0 3333 0 327230 0 0 0 JAMES MOORE PRESIDENT 167426 0 0 0 0 0 20578 0 8442 0 196446 0 0 0 PART I, LINE 1A THE PRESIDENT RECEIVES A HOUSING ALLOWANCE IN LIEU OF RESIDING IN CAMPUS HOUSING. PART I, LINE 4A JOEL THIERSTEIN RECEIVED A SEVERANCE PACKAGE. A COLLEGE COMM DEV REFUND REV BONDS 2010C 556000152 118325BT5 2010-10-15 7855000 REFUNDING SERIES 01' 0 0 0 B COLLEGE COMM DEV REV BONDS 2013A 556000152 118325CJ6 2013-04-01 6450000 REFUNDING SERIES 08' 0 0 0 C COLLEGE COMM DEV REV BONDS 2014A 556000152 118325CS6 2014-03-01 1020000 DORMITORY RENOVATION 0 0 0 D COLLEGE COMM DEV REV BONDS 2014B 556000152 118325DC0 2014-03-01 1310000 LIGHTING PROJECT 0 0 0 A 5325000 7931986 155885 7776101 2011 0 1 1 1 B 1740000 6617774 126160 6491614 2013 0 1 1 1 C 535000 1020000 20000 1000000 2014 0 0 1 1 D 1160000 1310000 24731 1285269 2015 0 0 1 1 A 0 0 0 0 0 0 1 B 0 0 0 0 0 0 1 C 0 0 0 0 0 0 1 D 0 0 0 0 0 0 1 A 0 0 0 1 0 0 0 0 1 B 0 0 0 1 0 0 0 0 1 C 0 0 0 1 0 0 0 0 1 D 0 0 0 1 0 0 0 0 1 A 1 B 1 C 1 D 1 SCHEDULE K SCHEDULE K - DATE REBATE COMPUTATION PERFORMED COLLEGE COMM DEV REFUND REV BONDS 2010C 12/04/20 SCHEDULE K - DATE REBATE COMPUTATION PERFORMED COLLEGE COMM DEV REFUND REV BONDS 2013A 05/10/23 SCHEDULE K - DATE REBATE COMPUTATION PERFORMED COLLEGE COMM DEV REV BONDS 2014A 11/21/18 SCHEDULE K - DATE REBATE COMPUTATION PERFORMED COLLEGE COMM DEV REV BONDS 2014B 11/21/18 SCHEDULE K - DATE REBATE COMPUTATION PERFORMED 06/16/21 COLLEGE COMM DEV REV BONDS 2016A A COLLEGE COMM DEV REV BONDS 2016A 556000152 118325DP1 2016-12-01 5815000 REFUNDING SERIES 10' 0 0 0 A 905000 5815000 70000 5815000 2016 0 1 1 1 A 0 0 0 0 0 0 1 A 0 1 0 0 0 0 0 0 1 A 1 X 11 159658 FAIR MARKET VALUE 0 0 1 PART I, LINE 32B: THE COLLEGE HIRED A REAL ESTATE BROKER TO SELL RESIDENTIAL REAL ESTATE THAT WAS GIFTED TO THE COLLEGE IN THE PRIOR FISCAL YEAR. FORM 990, PART VI, SECTION A, LINE 2 CAROLINE RAPKING - TRUSTEE AND CHRISTINE COX - TRUSTEE HAVE A FAMILY RELATIONSHIP. FORM 990, PART VI, SECTION B, LINE 11B A DRAFT OF THIS RETURN IS PROVIDED TO THE AUDIT COMMITTEE FOR REVIEW AND APPROVAL, AND THE APPROVED DRAFT IS PROVIDED TO THE FULL BOARD PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE OFFICE OF THE VICE PRESIDENT FOR ADMINISTRATION & FINANCE COLLECTS CONFLICT OF INTEREST STATEMENTS FROM ALL BOARD MEMBERS, THE ENTIRE CABINET,PRESIDENT'S COUNCIL, AND ALL FACULTY AND STAFF PERSONS WHO HAVE BUDGETARY AUTHORITY. THEY ARE COLLECTED AND REVIEWED ON AN ANNUAL BASIS BEFORE JUNE 30TH OF EACH YEAR. DISSEMINATION OF THE FORMS AND THE RATIONALE FOR THE NEED TO DISCLOSE THE CONFLICTS OF INTEREST ARE CONDUCTED AT THE FALL MEETING OF THE FULL BOARD OF TRUSTEES. FORMS FOR ALL OTHERS ARE DISSEMINATED PRIOR TO THE END OF THE ACADEMIC YEAR AND ARE COLLECTED AND REVIEWED BEFORE THE END OF THE EACH FISCAL YEAR. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION FOR THE PRESIDENT IS DETERMINED AND SET BY THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES, REVIEWED AND EVALUATED ON AN ANNUAL BASIS. THE COLLEGE MAKES REFERENCE TO THE ANNUAL SURVEY PREPARED BY THE COLLEGE AND UNIVERSITY PROFESSIONAL ASSOCIATION FOR HUMAN RESOURCES AND PUBLISHED IN THE CHRONICLE OF HIGHER EDUCATION. COMPENSATION FOR OTHER OFFICERS AND SENIOR ADMINISTRATORS IS DETERMINED BY THE PRESIDENT IN CONSULTATION WITH THE CHAIRS OF THE APPROPRIATE BOARD COUNCILS. THE COLLEGE MAKES REFERENCE TO THE ANNUAL SURVEY PREPARED BY THE COLLEGE AND UNIVERSITY PROFESSIONAL ASSOCIATION FOR HUMAN RESOURCES AND PUBLISHED IN THE CHRONICLE OF HIGHER EDUCATION. FORM 990, PART VI, SECTION C, LINE 19 NO DOCUMENTS AVAILABLE TO THE PUBLIC FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS 508,694. NET GAIN/(LOSS) ON BENEFICIAL INTEREST IN TRUST 297,719. CHANGE IN VALUE OF INTEREST RATE SWAP -648. ROUNDING 1. FORM 990, PART XII, LINE 2C THE PROCESS REMAINS THE SAME AS PRIOR YEAR. THE OFFICERS AND THE BOARD ARE PROVIDED WITH A DRAFT OF THE FORM 990 TO REVIEW AND PROVIDE ANY QUESTIONS TO BE ADDRESSED PRIOR TO THE FILING. WV CONF OF UNITED METHODIST PO BOX 2469 CHARLESTON WV 25329 550338659 RELIGIOUS ORGANIZATION WV 501C3 1 N/A 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 WV CONFERENCE OF THE UNITED METHODIST CHURCH C 68174 CASH VALUE