2022-05-12T19:30:46-05:00 2021-06-30 350921680 CROWE LLP 225 West Wacker Drive Suite 2600 Chicago IL 606061224 990 2020-07-01 350869045 DePauw University DEPA 7656584800 PO Box 37 Greencastle IN 46135 Robert R Leonard VP FOR FINANCE & ADMINISTRATION 2022-05-12 true Robert R Leonard 999009999 Nicole Bencik P00756195 3128997000 2020 2022-09-23 18:48:47Z Robert Leonard 313 S LOCUST ST PO Box 37 Greencastle IN 46135 344252436 false X WWW.DEPAUW.EDU X 1837 IN DePauw is a nationally-recognized, leading liberal arts college committed to creating an atmosphere of intellectual challenge & engagement that prepares students for lifelong success. 35 35 1553 138 4661422 0 16686887 37539837 109546547 97326140 37040129 51823434 6852238 4321329 170125801 191010740 60983242 58384461 0 61841418 49296343 0 3206166 58306244 53103680 181130904 160784484 -11005103 30226256 1044669443 1175395994 242872114 232019786 801797329 943376208 DePauw University develops leaders the world needs through an uncommon commitment to the liberal arts. DePauw's diverse and inclusive learning and living experience, distinctive in its rigorous intellectual engagement and its global and experiential learning opportunities, leads to a life of meaning and means. DePauw prepares graduates who support and create positive change in their communities and the world. false false 142360792 58384461 97441897 DEPAUW UNIVERSITY IS A NATIONALLY-RECOGNIZED, LEADING LIBERAL ARTS COLLEGE IN GREENCASTLE, INDIANA, DEDICATED TO EDUCATING 1,800 STUDENTS FROM ACROSS THE COUNTRY AND AROUND THE GLOBE. CONNECTED TO THE LIBERAL ARTS COLLEGE IS ONE OF THE NATION'S FIRST SCHOOLS OF MUSIC. FOR 184 YEARS, DEPAUW HAS CREATED AN ATMOSPHERE OF INTELLECTUAL CHALLENGE AND SOCIAL ENGAGEMENT THAT PREPARES STUDENTS FOR LIFELONG SUCCESS. ACADEMICS AT DEPAUW PUSH STUDENTS TO GAIN BROAD EXPOSURE TO MULTIPLE DISCIPLINES BEFORE NARROWING THEIR FOCUS. DEPAUW OFFERS DOZENS OF MAJORS AND MINORS, A HANDFUL OF HONORS AND FELLOWS PROGRAMS, AND A SET OF EXPERIENTIAL LEARNING OPPORTUNITIES THAT CHALLENGE STUDENTS WITHIN AND BEYOND THE CLASSROOM. BUILDING NETWORKS HAS NEVER BEEN MORE IMPORTANT THAN IT IS RIGHT NOW. AT DEPAUW, STUDENTS MAKE CONNECTIONS THROUGH STUDENT-RUN CLUBS AND ORGANIZATIONS, NCAA DIVISION III ATHLETICS AND OTHER SPORTS, FRATERNITIES AND SORORITIES, AND SERVICE ORGANIZATIONS. DEPAUW ALUMNI GO ON TO CAREERS IN ACADEMIA, MEDICINE, LAW, MUSIC, FINANCE, EDUCATION AND NUMEROUS OTHER FIELDS. THEY ARE SURGEONS, ACTORS, LEGAL ADVOCATES AND ENVIRONMENTAL ACTIVISTS. DEPAUW TAKES PRIDE IN HAVING GIVEN EACH ONE THE CONFIDENCE TO TAKE RISKS AND THE TOOLS TO REALIZE THEIR GOALS. 142360792 true true false false false false true false true true true false false true true true false true false true false true false false false false true true true true false false false false false false true false false false true false false false false true true true false false true 2273 0 true 1553 true true true false false false false false false false false false true false X 35 35 true false false false false false false true true false false false true true true true true true true false CA IN NH NJ OR WA X ROBERT R LEONARD 7656584800 313 S LOCUST STREET GREENCASTLE IN 46135 Kathy Patterson Vrabeck Chair 1.0 X X 0 0 0 Kyle E Lanham Secretary 1.0 X X 0 0 0 Anna Munoz Trustee 1.0 X 0 0 0 Blair A Rieth Trustee 1.0 X 0 0 0 Brent E St John Trustee 1.0 X 0 0 0 Corinne Gieseke Wood Trustee 1.0 X 0 0 0 David B Becker Trustee 1.0 X 0 0 0 Denise Dell Isola Trustee 1.0 X 0 0 0 Douglas I Smith Trustee 1.0 X 0 0 0 Gregory A Sissel Trustee 1.0 X 0 0 0 Holiday H McKiernan Trustee 1.0 X 0 0 0 James B Stewart Trustee 1.0 X 0 0 0 Janet L Johns Trustee 1.0 X 0 0 0 Jeffrey A Cozad Trustee 1.0 X 0 0 0 Jeffrey L Harmening Trustee 1.0 X 0 0 0 John C Cassidy Trustee 1.0 X 0 0 0 Judson C Green Trustee - Partial Year 1.0 X 0 0 0 Julius C Trimble Trustee 1.0 X 0 0 0 Justin Dye Trustee 1.0 X 0 0 0 Justin P Christian Trustee 1.0 X 0 0 0 Kathryn Fortune Hubbard Trustee 1.0 X 0 0 0 Kenneth W Coquillette Trustee 1.0 X 0 0 0 Lawrence E Young Trustee 1.0 X 0 0 0 Lisa Henderson Bennett Trustee 1.0 X 0 0 0 Luis R Davila Trustee 1.0 X 0 0 0 Marshall W Reavis Trustee 1.0 X 0 0 0 Matthew S Darnall Trustee 1.0 X 0 0 0 Michael Smith Trustee 1.0 X 0 0 0 Natu McCarthy Trustee 1.0 X 0 0 0 Newton F Crenshaw Trustee 1.0 X 0 0 0 Rabia Daud Trustee 1.0 X 0 0 0 Richard S Neville Trustee 1.0 X 0 0 0 Sarah Reese Wallace Trustee 1.0 X 0 0 0 Sarah Strauss Krouse Trustee 1.0 X 0 0 0 Susan M Ansel Trustee 1.0 X 0 0 0 William K Daniel Trustee 1.0 X 0 0 0 Alan P Hill Vice President for Student Academic Life 55.0 X 240389 0 13361 Amanda Kim Vice President for Diversity Part-time Assistant Professor 55.0 X 144677 0 23303 David Berque Associate VP Student Academic Life, Dean of Academic Life and Professor of Computer Science 55.0 X 244864 0 28161 Deedie K Dowdle Vice President for Communications and Marketing 55.0 X 246217 0 52186 Kay Hoke Dean of the School of Music 55.0 X 94073 0 3749 Lori S White President as of 7/1/20 55.0 X 303725 0 28252 Robert B Andrews Vice President for Enrollment Management 55.0 X 216676 0 8756 Robert R Leonard Vice President for Finance and Administration 55.0 7.0 X 313243 0 16045 Bruce Stinebrickner Professor of Political Science 40.0 X 281206 0 13976 Douglas Harms Professor of Computer Science 40.0 X 278429 0 25916 Frederick Soster Professor of Geosciences 40.0 X 272840 0 16063 Louis Smogor Professor of Mathematics 40.0 X 291143 0 15715 William Field Professor of Economics and Management 40.0 X 326670 0 16469 Ayden Adler Professor of History and Arts 0.0 X 88896 0 16353 D Mark McCoy Former President 0.0 X 509488 0 45588 Mallasenah Morris Former Dean of the School of Music 0.0 X 115442 0 8963 3967978 0 332856 91 true true false Messer Construction Co 643 W Court Street Cincinnati OH 45203 Construction Management 9303408 Ecosystem Energy Services USA Inc 501 7th Avenue New York NY 10018 Construction Management 5874475 Bon Appetit Management Company 2400 Yorkmont Road Charlotte NC 28217 Food Service 4134061 Cornerstone Partners LLC 675 Peter Jefferson Pkwy Charlottesville VA 22911 Investment Advisor 1583714 Affinity Empowering Inc 5400 Shawnee Road Suite 306 Alexandra VA 22312 Health Services 1133059 37 2400892 35138945 1919018 37539837 TUITION AND FEES 611710 89099415 89099415 AUXILIARY SERVICES 611710 8226725 8226725 0 0 0 0 97326140 2548266 3210697 -662431 0 0 202516864 153241696 49275168 0 49275168 49275168 CONFERENCES AND CATERING 722320 15847 15847 INN AT DEPAUW 721110 1550635 115757 1434878 2754847 0 0 2754847 4321329 191010740 97441897 4661422 51367584 25000 25000 58354171 58354171 5290 5290 1803864 940679 863185 0 715513 206025 509488 35658772 30602289 3396593 1659890 1305728 1104886 121255 79587 6974475 5886542 663916 424017 2837991 2401463 263547 172981 157913 157913 227044 227044 130185 130185 2267171 2267171 3956956 2964026 923260 69670 815217 60190 755027 2239653 767092 1454071 18490 1123350 337967 601033 184350 5777190 5370883 308561 97746 697288 671609 20498 5181 5708746 5457034 188445 63267 14585993 13910991 506744 168258 1073425 993488 73881 6056 PROGRAMS AND ACTIVITIES 3973861 3957480 10802 5579 MEMBERSHIPS 1671118 1404119 260094 6905 PRINTING AND PUBLICATIONS 728699 426924 190390 111385 FOOD SERVICE 3014013 3014013 4955858 3340718 1482336 132804 160784484 142360792 15217526 3206166 103072 317997 6111746 31109551 70787838 56476762 1003237 1639607 0 0 0 0 160000 110000 238735 288335 1867714 1286214 539306963 241672823 298955298 297634140 344870653 414704456 308480532 361243089 6223296 5495501 5867322 5090342 1044669443 1175395994 19757994 7401871 148361451 159258055 0 0 74752669 65359860 242872114 232019786 X 259677563 303269840 542119766 640106368 801797329 943376208 1044669443 1175395994 X 30226256 120533696 -9181073 X false true X true true true X 31787329 34518698 25931410 16686887 37539837 146464161 0 0 31787329 34518698 25931410 16686887 37539837 146464161 189986 146274175 3456061 2606300 3897129 3326779 2548266 15834535 0 0 0 0 0 0 4738745 5225298 5138400 4778740 2754847 22636030 184934726 114559877244 0.7910 0.6586 X Schedule A, Part II, Line 10 Other Income DESCRIPTION - OTHER INCOME, COLUMN A - 4738745.0, COLUMN B - 5225298.0, COLUMN C - 5138400.0, COLUMN D - 4778740.0, COLUMN E - 2754847.0, COLUMN F - 22636030.0; RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X X false 692896380 6414776 163655129 44971707 14074891 2267171 801652516 730340878 6533281 11956676 33767937 19192254 2974264 692896380 730849941 11530298 28684494 21282556 15863364 3577935 730340878 669139147 27031780 74314635 21236670 15523823 2875128 730849941 614568390 9618503 81203058 18596233 14090724 3563847 669139147 0.296 0.515 0.189 true false 10699484 10699484 455635630 182253376 273382254 2112230 1613668 498562 58873339 49229379 9643960 11986280 8576400 3409880 297634140 Beneficial Interest in Lead and Remainder Trusts 2642237 F Beneficial Interest in Perpetual Trusts 13010260 F Alternative Investments 345590592 F 361243089 Annuity and trust liability 18232927 Advances from federal government for student loans 1946865 Accumulated postretirement benefit obligation 17928595 Fair Value of Interest Rate Swap 23080044 Dining Service Program Advance 4171429 65359860 X 241711730 120533696 -9181074 111352622 130359108 2267171 58384461 60651632 191010740 100132851 0 0 100132851 2267172 58384461 60651633 160784484 Schedule D, Part III, Line 1a Collections of art - financial statement footnote Collections, which were acquired through purchases and contributions since the organization's inception, are not recognized as assets on the statement of financial position. Purchases of collection items are recorded as decreases in net assets without donor restrictions in the year in which the items are acquired or as net assets with donor restrictions if the assets used to purchase the items are restricted by donors. Contributed collection items are not reflected on the financial statements. Proceeds from deaccessions or insurance recoveries are reflected as increases in the appropriate net asset classes. Schedule D, Part III, Line 4 Collections of art - description of collections THE UNIVERSITY'S COLLECTIONS INCLUDE WORKS OF ART USED FOR INSTRUCTION, SCHOLARLY RESEARCH, AND PUBLIC EXHIBITION. Schedule D, Part V, Line 4 Intended uses of endowment funds THE UNIVERSITY'S ENDOWMENT CONSISTS OF APPROXIMATELY 1,000 INDIVIDUAL FUNDS ESTABLISHED FOR A VARIETY OF PURPOSES. THE INTENDED USE OF THESE ENDOWMENT FUNDS IS TO PROVIDE CONTINUED FUNDING TO SUPPORT THE UNIVERSITY'S MISSION AND TAX-EXEMPT PURPOSE. THE ENDOWMENT INCLUDES BOTH DONOR-RESTRICTED ENDOWMENT FUNDS AND FUNDS DESIGNATED BY THE GOVERNING BODY TO FUNCTION AS ENDOWMENTS (BOARD-DESIGNATED ENDOWMENT FUNDS). AS REQUIRED BY GENERALLY ACCEPTED ACCOUNTING PRINCIPLES IN THE UNITED STATES OF AMERICA (GAAP), NET ASSETS ASSOCIATED WITH ENDOWMENT FUNDS, INCLUDING BOARD-DESIGNATED ENDOWMENT FUNDS, ARE CLASSIFIED AND REPORTED BASED ON THE EXISTENCE OR ABSENCE OF DONOR-IMPOSED RESTRICTIONS. Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote The University is exempt from income taxes under Section 501(c)(3) of the Internal Revenue Code and a similar provision of state law. However, the University is subject to federal income tax on any unrelated business taxable income. The University is subject to guidance with respect to accounting for uncertainty in income taxes. A tax position is recognized as a benefit only if it is "more likely than not" that the tax position would be sustained in a tax examination, with a tax examination being presumed to occur. The amount recognized is the largest amount of tax benefit that is greater than 50% likely of being realized on examination. For tax positions not meeting the "more likely than not" test, no tax benefit will be recorded. The University does not expect the total amount of unrecorded tax benefits to significantly change in the next 12 months. The University recognizes interest and/or penalties related to income tax matters in income tax expense. The University did not have any amounts accrued for interest and penalties at June 30, 2021 and 2020. At June 30, 2021 and June 30, 2020, the University has not recorded any expected tax benefits. Schedule D, Part XI, Line 2(d) Other revenues in audited financial statements not in form 990 Other changes in accumulated postretirement benefit obligations - 109810 Changes in value of split-interest agreements - 4353608 Gain on interest rate swap - 5091654 Change in allowance for contributions receivable - -18898000 Non-operating miscellaneous revenue - 161854 Schedule D, Part XI, Line 4(b) Other revenues in form 990 not in audited financial statements Grants and scholarships - 58384461 Schedule D, Part XII, Line 4(b) Other expenses in form 990 not in audited financial statements Grants and scholarships - 58384461 true true true true true true true false false false false false false false false true false true Schedule E, Part I, Line 3 RACIALLY NONDISCRIMINATORY POLICY THE UNIVERSITY'S NONDISCRIMINATORY POLICY IS PUBLICIZED ON ITS WEBSITE AND IN MARKETING MATERIALS. Schedule E, Part I, Line 6(a) FINANCIAL AID OR ASSISTANCE FROM A GOVERNMENT THE UNIVERSITY OFFERS FINANCIAL ASSISTANCE IN THE FORM OF FEDERAL AND STATE ASSISTANCE, SCHOLARSHIPS, GRANTS AND LOANS TO STUDENTS BASED UPON ACADEMIC EXCELLENCE OR FINANCIAL NEED. true Europe (Including Iceland and Greenland) 0 0 Program Services EDUCATION/STUDY ABROAD PROGRAMS 137827 Sub-Saharan Africa 0 0 Program Services EDUCATION/STUDY ABROAD PROGRAMS 3400 East Asia and the Pacific 0 0 Program Services EDUCATION/STUDY ABROAD PROGRAMS 8600 South Asia 0 0 Program Services EDUCATION/STUDY ABROAD PROGRAMS 1960 North America (Canada & Mexico only) 0 0 Program Services EDUCATION/STUDY ABROAD PROGRAMS 5463 Central America and the Caribbean 0 0 Investments 139110334 Middle East and North Africa 0 0 Program Services EDUCATION/STUDY ABROAD PROGRAMS 500 0 0 0 0 0 0 139268084 0 139268084 STUDENT FINANCIAL SUPPORT East Asia and the Pacific 2 1340 Check, Credit Student Account STUDENT FINANCIAL SUPPORT Europe (Including Iceland and Greenland) 4 3950 Check, Credit Student Acccount true false true true true false Schedule F, Part I, Line 2 Procedures for monitoring use of grant funds THE UNIVERSITY PROVIDES FINANCIAL SUPPORT TO STUDENTS BASED ON NEED AND MERIT. THE FUNDS ARE CREDITED DIRECTLY TO THE STUDENT'S ACCOUNT. RECORDS ARE MAINTAINED IN ACCORDANCE WITH UNIVERSITY RETENTION AND DESTRUCTION POLICY. THE UNIVERSITY'S FINANCIAL AID DEPARTMENT ADHERES STRICTLY TO ALL FEDERAL AND STATE REGULATIONS AND IS SUBJECT TO THE COMPLIANCE AND INTERNAL CONTROLS OF OMB-A133 (IN WHICH THEY FOLLOW ALL APPLICABLE GUIDELINES). Schedule F, Part I, Line 2 PROCEDURES FOR MONITORING USE OF GRANT FUNDS THE UNIVERSITY PROVIDES FINANCIAL SUPPORT TO STUDENTS BASED ON NEED AND MERIT. THE FUNDS ARE CREDITED DIRECTLY TO THE STUDENT'S ACCOUNT. RECORDS ARE MAINTAINED IN ACCORDANCE WITH UNIVERSITY RETENTION AND DESTRUCTION POLICY. THE UNIVERSITY'S FINANCIAL AID DEPARTMENT ADHERES STRICTLY TO ALL FEDERAL AND STATE REGULATIONS AND IS SUBJECT TO THE COMPLIANCE AND INTERNAL CONTROLS OF OMB-A133 (IN WHICH THEY FOLLOW ALL APPLICABLE GUIDELINES). true City of Greencastle 1 N Locust St Greencastle IN 46135 City of Greencastle 25000 0 N/A N/A Purchase of Fire Truck 1 0 SCHOLARSHIPS AND FINANCIAL AID 1806 58354171 Schedule I, Part I, Line 2 Procedures for monitoring use of grant funds. THE UNIVERSITY PROVIDES SCHOLARSHIPS AND FINANCIAL AID TO STUDENTS BASED ON NEED AND MERIT. THE FUNDS ARE CREDITED DIRECTLY TO THE STUDENT'S ACCOUNT. RECORDS ARE MAINTAINED IN ACCORDANCE WITH UNIVERSITY RETENTION AND DESTRUCTION POLICY. THE UNIVERSITY'S FINANCIAL AID DEPARTMENT ADHERES STRICTLY TO ALL FEDERAL AND STATE REGULATIONS AND IS SUBJECT TO THE COMPLIANCE AND INTERNAL CONTROLS OF OMB-A133 (IN WHICH THEY FOLLOW ALL APPLICABLE GUIDELINES). X X true true X X X X true true false false false false false false false Robert R Leonard Vice President for Finance and Administration 260075 0 0 0 53168 0 15605 0 440 0 329288 0 0 0 Deedie K Dowdle Vice President for Communications and Marketing 209167 0 35000 0 2050 0 13652 0 38534 0 298403 0 0 0 Alan P Hill Vice President for Student Academic Life 197657 0 40000 0 2732 0 11859 0 1502 0 253750 0 0 0 Robert B Andrews Vice President for Enrollment Management 181337 0 35000 0 339 0 7272 0 1484 0 225432 0 0 0 Amanda Kim Vice President for Diversity Part-time Assistant Professor 143987 0 0 0 690 0 9000 0 14303 0 167980 0 0 0 David Berque Associate VP Student Academic Life, Dean of Academic Life and Professor of Computer Science 193058 0 0 0 51806 0 13080 0 15081 0 273025 0 0 0 Lori S White President as of 7/1/20 222141 0 0 0 81584 0 9000 0 19252 0 331977 0 0 0 Louis Smogor Professor of Mathematics 54679 0 0 0 236464 0 5224 0 10491 0 306858 0 0 0 Bruce Stinebrickner Professor of Political Science 51305 0 0 0 229901 0 3586 0 10390 0 295182 0 0 0 Frederick Soster Professor of Geosciences 53307 0 10000 0 209533 0 4997 0 11066 0 288903 0 0 0 William Field Professor of Economics and Management 64185 0 0 0 262485 0 5935 0 10534 0 343139 0 0 0 Douglas Harms Professor of Computer Science 47356 0 0 0 231073 0 5087 0 20829 0 304345 0 0 0 D Mark McCoy Former President 172003 0 0 0 337485 0 14940 0 30648 0 555076 0 0 0 Mallasenah Morris Former Dean of the School of Music 110683 0 0 0 4759 0 8233 0 730 0 124405 0 0 0 Ayden Adler Professor of History and Arts 88535 0 0 0 361 0 5435 0 10918 0 105249 0 0 0 Schedule J, Part I, Line 1a Housing allowance or residence for personal use AS A CONDITION OF THEIR EMPLOYMENT, THE UNIVERSITY'S PRESIDENT WAS PROVIDED HOUSING CONTIGUOUS TO CAMPUS IN THE AMOUNT OF $24,088. THE HOUSING IS FURNISHED FOR THE CONVENIENCE OF THE UNIVERSITY AND IS THEREFORE NOT INCLUDED IN THEIR TAXABLE COMPENSATION. Schedule J, Part I, Line 1a Personal services THE UNIVERSITY PROVIDES THE PRESIDENT WITH TAX PREPARATION, FINANCIAL, AND ESTATE PLANNING SERVICES, WHICH ARE INCLUDED IN THEIR TAXABLE COMPENSATION. Schedule J, Part I, Line 4a Severance or change-of-control payment Under a Voluntary Retirement Program during 2020, the following individuals classified as Highest Compensated for 2020 received severance pay: William Field $259,766 Louis Smogor $234,190 Bruce Stinebrickner $228,316 Douglas Harms $230,372 Frederick Soster $208,848 Additionally, former president received severance payment in 2020: Mark McCoy $180,000 Schedule J, Part I, Line 4b Supplemental nonqualified retirement plan THE UNIVERSITY'S FORMER PRESIDENT, D. MARK MCCOY PARTICIPATES IN A SUPPLEMENTAL NON-QUALIFIED RETIREMENT PLAN. DURRING 2020, A CONTRIBUTION OF $54,000 AND A DISTRIBUTION OF $96,261 WAS MADE TO THIS PLAN. THE NEW PRESIDENT LORI WHITE ALSO PARTICIPATES IN A SUPPLEMENTAL NON-QUALIFIED RETIREMENT PLAN. DURRING 2020, THERE WERE NO CONTRIBUTIONS OR DISTRIBUTIONS MADE TO THIS PLAN. A INDIANA FINANCE AUTHORITY 351602316 455057NJ4 2008-04-30 84555000 Current Refunding of 1/11/2006 Bond Issuance false false false B INDIANA FINANCE AUTHORITY 351602316 000000000 2019-07-01 32200000 Current Refunding of Series B Bonds Issued on 12/01/2009 false false false C INDIANA FINANCE AUTHORITY 351602316 000000000 2015-07-30 15115000 FUNDING EDUCATIONAL FACILITIES false false false D INDIANA FINANCE AUTHORITY 351602316 000000000 2018-04-30 40000000 FUNDING EDUCATIONAL FACILITIES false false false A 44080000 0 84555000 0 0 0 414569 169943 0 0 83970488 0 2008 true false true true B 290000 0 32200000 0 0 0 0 0 0 32200000 0 2014 true false true true C 1730000 0 15115000 0 0 0 114115 0 0 15000885 0 0 2015 false false true true D 65000 0 40000000 0 0 0 124617 0 0 39875383 0 0 2021 false false true true A false false true true false 0.0 0.0 0.0 false false true B false false true true false 0.0 0.0 0.0 false false true C false false true true false 0.0 0.0 0.0 false false true D false false false false 0.0 0.0 0.0 false false true A false false true false true false false false true B false false true false true false false false true C false false true false true false false false true D false false false true true true Bank of Montreal 30.0 true false false false true A true B true C true D true Schedule K, Part I, Column (f) Description of purpose - 12/1/2009 bond issue Refunding/Reissuance of bonds issued current refunding of a portion of 4/30/2008 bond issuance; current refunding 2/11/1999 bond issuance; and refinancing of taxable line of credit. A Indiana Finance Authority 351602316 4550603X1 2019-07-01 36747414 SEE STATEMENT false false false A 2224283 36747414 339099 36408315 2019 true false true true A false false true true false 0.0 0.0 0.0 false false true A false true false false false false false false true A true SEE PART V SEE PART V 53885 MERIT-BASED SCHOLARSHIP STUDENT FINANCIAL ASSISTANCE Schedule L, Part II GRANTS OR ASSISTANCE BENEFITING INTERESTED PERSONS PER THE IRS INSTRUCTIONS FOR SCHEDULE L, COLLEGES, UNIVERSITIES, AND PRIMARY AND SECONDARY SCHOOLS ARE NOT REQUIRED TO IDENTIFY INTERESTED PERSONS TO WHOM THEY PROVIDED SCHOLARSHIPS, FELLOWSHIPS, AND SIMILAR FINANCIAL ASSISTANCE. INSTEAD, THESE ORGANIZATIONS MUST GROUP EACH TYPE OF FINANCIAL ASSISTANCE PROVIDED TO INTERESTED PERSONS IN SEPARATE LINES. FOR EACH LINE, THE SCHOOL IS TO REPORT IN COLUMN (C) THE TYPE OF ASSISTANCE AND AGGREGATE DOLLAR AMOUNT OF THAT ASSISTANCE; COLUMNS (A) AND (B) ARE TO BE LEFT BLANK. X 66 1919018 Market value 0 false true true Schedule M, Part I, Line 32b Third parties used to solicit, process, or sell noncash contributions For the sale of non-cash contributions, such as securities, the University utilizes the services of a professional financial services consultant. For the sale of other non-cash contributions, the University utilizes the services of a reputable industry professional in the area of the contribution type, for instance, a realty company, for the sale of real estate. Schedule M, Part I Explanations of reporting method for number of contributions Securities - Publicly traded - NUMBER OF CONTRIBUTIONS Form 990, Part VI, Line 1a Delegate broad authority to a committee The Executive Committee shall consist of the chair of the board serving as chair, the vice chairs of the board, the Methodist Bishop, the immediate past chair of the board, the secretary of the board, and four additional voting members of the board of trustees appointed to the committee by the chair of the board. The Executive Committee shall have authority to act between regular meetings of the board on all matters of governance and management requiring attention of the board. The Executive Committee shall meet on agreed dates between the regular meetings of the board of trustees or upon not less than 48 hours advance notice (which may be waived by unanimous consent), upon call of the chair, of the President, or of two members of the committee. A summary of all action of the Executive Committee shall be distributed to all trustees as soon as possible after each meeting of the committee. Form 990, Part VI, Line 2 Family/business relationships amongst interested persons Jeffrey Cozad, Sue Ansel, William Daniel, Marshall Reavis and Doug Smith - Business relationship, Jeffrey Cozad and Justin Dye - Business relationship, Jeffrey Cozad and Gregory Sissel - Business relationship Form 990, Part VI, Line 11b Review of form 990 by governing body THE FORM 990 AND RELATED SCHEDULES UNDERGO A THOROUGH REVIEW BY THE VICE PRESIDENT FOR FINANCE AND ADMINISTRATION AND THE AUDIT AND RISK MANAGEMENT COMMITTEE. THE ENTIRE BOARD OF TRUSTEES APPROVES THE FORM 990 PRIOR TO SUBMISSION TO THE IRS. Form 990, Part VI, Line 12c Conflict of interest policy The University's conflict of interest policy covers all employees and board trustees. All board trustees, key administrative faculty and staff (including officers), and grant administrators are required to complete an annual conflict of interest questionnaire disclosure. All other employees are required to disclose any potential conflicts of interest as they may arise. THE VICE PRESIDENT OF ACADEMIC AFFAIRS AND THE VICE PRESIDENT FOR FINANCE AND ADMINISTRATION COLLECT THE ANNUAL CONFLICT OF INTEREST DISCLOSURE FORMS AND CONDUCT AN INITIAL REVIEW OF EACH CONFLICT OF INTEREST DISCLOSURE TO DETERMINE IF A POTENTIAL CONFLICT APPEARS TO EXIST, OR IF A CONFLICT OF INTEREST IN FACT EXISTS. CONFLICT OF INTEREST RESPONSES FOR THE VICE PRESIDENT OF FINANCE AND ADMINISTRATION AND THE CHAIR OF THE BOARD OF TRUSTEES ARE SUBMITTED TO THE CHAIR OF THE AUDIT AND RISK MANAGEMENT COMMITTEE FOR REVIEW. IN ADDITION, A SUMMARY OF ALL CONFLICTS OF INTEREST IS PRESENTED ANNUALLY TO THE CHAIR OF THE AUDIT AND RISK MANAGEMENT COMMITTEE. IF NECESSARY, THE VICE PRESIDENT FOR FINANCE AND ADMINISTRATION WORKS WITH THE CHAIR OF THE AUDIT COMMITTEE AND/OR THE CHAIR OF THE BOARD OF TRUSTEES TO DETERMINE THE NECESSARY ACTION TO BE TAKEN FOR ANY ACTUAL CONFLICTS OF INTEREST DETERMINED TO EXIST, SUCH AS REQUIRING THE INDIVIDUAL TO RECUSE HIM OR HERSELF FROM VOTING ON THE CONFLICTING ISSUE. IN ADDITION TO REVIEWING THE CONFLICT OF INTEREST SUBMISSIONS, THE FINANCE DEPARTMENT ANNUALLY REVIEWS A LISTING OF VENDORS PAID TO IDENTIFY ANY POTENTIAL CONFLICTS OF INTEREST. Form 990, Part VI, Line 15a Process to establish compensation of top management official UNIVERSITY BYLAWS ESTABLISH A SUBCOMMITTEE OF THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES TO BE DESIGNATED AS THE EXECUTIVE COMPENSATION COMMITTEE. THIS COMMITTEE ANNUALLY DETERMINES THE COMPENSATION TO BE PAID TO THE TOP MANAGEMENT OFFICIAL AND OTHER EXECUTIVE OFFICERS OF THE UNIVERSITY. COMPENSATION REVIEW AND APPROVAL TAKES INTO CONSIDERATION COMPARABLE MARKET DATA, AS WELL AS INDIVIDUAL AND ORGANIZATIONAL PERFORMANCE. MARKET DATA INCLUDES COMPENSATION AND BENEFIT INFORMATION FROM MEMBER INSTITUTIONS OF THE GREAT LAKES COLLEGES ASSOCIATION (GLCA) AND VERIFIABLE COMPENSATION AND BENEFIT INFORMATION OBTAINED FROM OTHER SELECTED PEER LIBERAL ARTS COLLEGES. THIS REVIEW/APPROVAL PROCESS IS DOCUMENTED IN THE COMMITTEE MEETING MINUTES. THIS IS DONE ON AN ANNUAL BASIS. Form 990, Part VI, Line 15b Process to establish compensation of other employees SEE NARRATIVE FOR FORM 990, PART VI, SECTION B, LINE 15A. Form 990, Part VI, Line 19 Required documents available to the public THE FINANCIAL STATEMENTS ARE AVAILABLE ON THE UNIVERSITY'S WEBSITE. GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE AVAILABLE TO THE PUBLIC UPON REQUEST. Form 990, Part VIII, Line 11d Other Miscellaneous Revenue Bookstore & Starbucks - Total Revenue: 47672, Related or Exempt Function Revenue: , Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: 47672; Other Income - Total Revenue: 2707175, Related or Exempt Function Revenue: , Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: 2707175; Form 990, Part XI, Line 9 Other changes in net assets or fund balances GAIN ON INTEREST RATE SWAP - 5091654; OTHER CHANGES IN ACCUMULATED POSTRETIREMENT BENEFIT OBLIGATIONS - 109810; CHANGE IN VALUE OF SPLIT-INTEREST AGREEMENTS - 4353608; ALLOWANCE FOR UNCOLLECTIBLE CONTRIBUTIONS - -18898000; NON-OPERATING MISCELLANEOUS REVENUE - 161855; EMPLOYER-CONTRIBUTION VEBA TRUST DEPAUW UNIVERSITY PO BOX 37 GREENCASTLE IN 46135 043838438 VEBA TRUST MO 501(c)(9) DEPAUW UNIVERSITY true EMPLOYEE-CONTRIBUTION VEBA TRUST DEPAUW UNIVERSITY PO BOX 37 GREENCASTLE IN 46135 043838461 VEBA TRUST MO 501(c)(9) DEPAUW UNIVERSITY true Asbury Holdings Inc 300 W Hill Street Greencastle IN 46135 812804072 Hold Real Estate IN 501(c)(3) Type I DePauw University true CHARITABLE REMAINDER TRUSTS (43) C/O DPU PO Box 37 Greencastle IN 46135 TRUST IN DEPAUW UNIVERSITY Trust false PERPETUAL TRUSTS (8) C/O DPU PO Box 37 Greencastle IN 46135 TRUST IN DEPAUW UNIVERSITY Trust false false false false false false false false false false false false false false false false false false true false Employer-Contribution VEBA Trust DePauw University R 295878 Book Value