2022-05-16T16:19:59-05:00 2021-06-30 410746749 CLIFTONLARSONALLEN LLP 610 W GERMANTOWN PIKE SUITE 400 PLYMOUTH MEETING PA 19462 990 2020-07-01 510064335 WESLEY COLLEGE INC WESL 3027362484 120 NORTH STATE STREET DOVER DE 19901 DENNIS E STARK VP OF FINANCE 3027362484 2022-05-16 1 DENNIS STARK 999009999 CONNIE M LIRA P00481097 2156433900 2022-05-16 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z DENNIS E STARK 120 NORTH STATE STREET DOVER DE 19901 27499515 0 X WWW.DESU.EDU/WESLEY X 1873 DE TO BE AMONG THE FINEST STUDENT-CENTERED LEARNING COMMUNITIES IN THE LIBERAL ARTS TRADITION 21 21 543 21 0 0 12533787 1578891 31680317 24468526 839322 -1929091 458088 15397 45511514 24133723 14027048 10996858 0 0 13639636 12839084 0 0 269389 16238795 15157047 43905479 38992989 1606035 -14859266 34931905 23971685 14157987 18224566 20773918 5747119 X WESLEY COLLEGE IS A UNITED METHODIST INSTITUTION OF HIGHER EDUCATION THAT SEEKS TO BE AMONG THE FINEST STUDENT-CENTERED LEARNING COMMUNITIES IN THE LIBERAL ARTS TRADITION. CONSISTENT WITH OUR METHODIST HERITAGE, THE COLLEGE AFFIRMS MEANING AND PURPOSE IN LIFE THROUGH JUSTICE, COMPASSION, INCLUSION AND SOCIAL RESPONSIBILITIES THAT ENHANCE COMMUNITY LIFE AND RESPECT FOR THE ENVIRONMENT. WESLEY COLLEGE EXISTS TO LIBERATE AND EMPOWER ITS STUDENTS WITH THE KNOWLEDGE, SKILLS, ETHICAL ATTITUDE AND CAPACITY FOR CRITICAL THINKING NEEDED TO ACHIEVE PERSONAL AND PROFESSIONAL GOALS AND TO CONTRIBUTE TO THE LOCAL AND GLOBAL SOCIETY. 0 0 29910961 10996858 24468526 WESLEY COLLEGE IS A UNITED METHODIST INSTITUTION OF HIGHER EDUCATION THAT SEEKS TO BE AMONG THE FINEST STUDENT-CENTERED LEARNING COMMUNITIES IN THE LIBERAL ARTS TRADITION. CONSISTENT WITH OUR METHODIST HERITAGE, THE COLLEGE AFFIRMS MEANING AND PURPOSE IN LIFE THROUGH JUSTICE, COMPASSION, INCLUSION AND SOCIAL RESPONSIBILITIES THAT ENHANCE COMMUNITY LIFE AND RESPECT FOR THE ENVIRONMENT. WESLEY COLLEGE EXISTS TO LIBERATE AND EMPOWER ITS STUDENTS WITH THE KNOWLEDGE, SKILLS, ETHICAL ATTITUDE AND CAPACITY FOR CRITICAL THINKING NEEDED TO ACHIEVE PERSONAL AND PROFESSIONAL GOALS AND TO CONTRIBUTE TO THE LOCAL AND GLOBAL SOCIETY. 29910961 1 1 0 0 0 1 0 0 1 1 1 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 543 1 0 0 0 0 0 0 0 0 0 0 0 0 X 21 21 1 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 0 0 0 X DENNIS E STARK VP OF FINANCE 3027448376 120 NORTH STATE STREET DOVER DE 19901 ROBERT CLARK II PRESIDENT EMERITUS 40.00 X 231160 0 24865 MALCOLM D'SOUZA DEAN OF SPONSORED RESEARCH 40.00 X 140650 0 4268 ALBAN W URBANAS ACTING PRESIDENT 40.00 X 115913 0 6165 WILLIAM J STRICKLAND CHAIR 1.00 X X 0 0 0 WILLIAM H WILLIS JR VICE CHAIR 1.00 X X 0 0 0 STEPHANIE SMITH CHRISTIANO SECRETARY 1.00 X X 0 0 0 CHARLES R DASHIELL JR DIRECTOR 1.00 X 0 0 0 CHARLES BURTON DIRECTOR 1.00 X 0 0 0 DR WILLIAM E BAZZELLE SR DIRECTOR 1.00 X 0 0 0 DAVID V BLAEUER DIRECTOR 1.00 X 0 0 0 SCOTT R BROWN DIRECTOR 1.00 X 0 0 0 TIMOTHY J CONSTANTINE DIRECTOR 1.00 X 0 0 0 REV BOYD B ETTER DIRECTOR 1.00 X 0 0 0 REV VICKI GORDY-STITH DIRECTOR 1.00 X 0 0 0 REV W LEROY JONES DIRECTOR 1.00 X 0 0 0 ALAN B LEVIN DIRECTOR 1.00 X 0 0 0 DONALD L MASTEN DIRECTOR 1.00 X 0 0 0 REV CHARLOTTE A NICHOLS DIRECTOR 1.00 X 0 0 0 MATHEW T SELLITTO DIRECTOR 1.00 X 0 0 0 HARRY D WILLIS DIRECTOR 1.00 X 0 0 0 KEVIN BAIRD DIRECTOR 1.00 X 0 0 0 LARRY MERCARDANTE DIRECTOR 1.00 X 0 0 0 HONORABLE CHARLES H TOLIVER IV DIRECTOR 1.00 X 0 0 0 GREGORY V MOORE DIRECTOR 1.00 X 0 0 0 487723 0 35298 3 0 1 0 NATIONAL MANAGEMENT RESOURCES CORP PO BOX 1224 LAGRANGE GA 30241 FACILITIES MAINTENANCE 1973219 ARAMARK DINING SERVICES 120 N STATE STREET DOVER DE 19901 DINING SERVICES 1854873 DELMARVA CAMPUS HOUSING C/O CONTANINE MALMBERG ESQ 30 THE DOVER DE 19901 FACILITIES MAINTENANCE 1635785 ELLUCIAN COMPANY LP 62578 COLLECTIONS CENTER DRIVE CHICAGO IL 60693 IT SERVICES 1616214 C & N SERVICES LLC 126 THORNHILL COURT DOVER DE 19904 REPAIRS, MAINTENANCE CAPITAL PROJECTS 1052979 16 838286 740605 1578891 TUITION AND FEES 611600 22975541 22975541 RESIDENCE AND DINING FEES 531110 1308556 1308556 STUDENT ACTIVITIES 900099 157896 157896 AUXILIARY INCOME 900099 26533 26533 24468526 36701 36701 1400000 3365792 -1965792 -1965792 -1965792 BOOKSTORE COMMISSIONS 900099 15032 15032 OTHER REVENUE 900099 365 365 15397 24133723 24468526 0 -1913694 10996858 10996858 378103 306263 60497 11343 10678041 8454343 2055166 168532 100201 88370 11731 100 982449 728656 238177 15616 700290 586861 100202 13227 232894 232894 58933 58933 15377 15377 207178 65291 139201 2686 20178 498 19680 437602 205252 231348 1002 1774021 7207 1766814 5593571 3242750 2314958 35863 79219 74376 4843 6309 2107 4202 378615 224404 154211 2052585 1216563 836022 405945 181298 224647 DINING HALL 2577714 2577002 712 EQUIPMENT 316041 150840 165201 DUES AND MEMBERSHIPS 64134 56966 6848 320 STUDENT SERVICES 61347 61347 875384 683709 190655 1020 38992989 29910961 8812639 269389 1316351 525238 1004479 3093473 2450180 4627 61713377 42997522 26350765 18715855 3127074 2275451 4961 4961 30175 34931905 23971685 3143906 9132143 2346998 1984595 537633 70117 7147712 7011674 981738 26037 14157987 18224566 X 13752332 -1095960 7021586 6843079 20773918 5747119 34931905 23971685 X -14859266 482077 -770041 120431 X X 0 0 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1 0 0 524871 1 1 0 1 X 3157250 518578 1385000 15377 2275451 3450244 119100 396517 15577 3157250 3281329 1000 196544 28629 3450244 4763130 37186 339889 504969 1353907 3281329 4741331 19324 2475 4763130 0.00000 0.00000 1.00000 0 0 2881516 2881516 38781898 25580860 13201038 3037542 1056718 1980824 14700256 14700256 0 2312165 1659688 652477 18715855 LEASES PAYABLE 26037 26037 PART IV, LINE 2B: FUNDS ARE RAISED BY STUDENTS AND THEN HELD FOR DISBURSEMENT FOR STUDENT ACTIVITIES. THERE ARE NO RESTRICTIONS IMPOSED BY THE COLLEGE ON ACCESSING THE FUNDS, OTHER THAN THEY MUST BE AUTHORIZED BY THE CLUB TO DO SO; EACH CLUB IS RESPONSIBLE FOR ITS OWN FINANCIAL RECONCILIATIONS AND ACCOUNTABILITY POLICIES. PART V, LINE 4: THE ENDOWMENT FUNDS ARE INTENDED TO BE USED TO PROVIDE SCHOLARSHIPS. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 A NON-DISCRIMINAITON POLICY STATEMENT IS INCLUDED IN EVERY STUDENT HANDOUT WHICH IS DISTRIBUTED TO ALL POTENTIAL STUDENTS AND POSTED ON THE COLLEGE'S WEBSITE. SCHEDULE E, PART I, LINE 6 MONEY IS RECEIVED FROM THE DEPARTMENT OF EDUCATION AND USED BY THE COLLEGE AND/OR AWARDED TO STUDENTS IN ACCORDANCE WITH APPLICABLE FEDERAL GUIDELINES. 1 FINANCIAL AID 779 6424014 0 N/A N/A HEERF STUDENT GRANTS 889 4572844 0 N/A N/A PART I, LINE 2: ALL FINANCIAL AID IS APPLIED DIRECTLY TO STUDENT ACCOUNTS AT THE COLLEGE, NO FUNDS ARE RELEASED TO THE STUDENT DIRECTLY AND AS SUCH THE COLLEGE CAN ENSURE ALL FUNDS ARE USED FOR THEIR INTENDED PURPOSE. IN ADDITION, WESLEY COLLEGE PROVIDED DIRECTLY TO STUDENTS WITH HIGHER EDUCATION EMERGENCY RELIEF FUND (HEERF) GRANT/ASSISTANCE FUNDS, THE GUIDANCE PROVIDED BY THE CORONAVIRUS RESPONSE AND RELIEF SUPPLEMENTAL APPROPRIATIONS ACT (CRRSAA): HEERF II AND THE AMERICAN RESCUE PLAN (ARP): HEERF III WAS FOLLOWED IN AWARDING AND MONITORING THESE FUNDS. X 1 1 X 0 0 0 0 0 0 0 0 0 ROBERT CLARK II PRESIDENT EMERITUS 231160 0 0 0 0 0 11500 0 13365 0 256025 0 0 0 PART I, LINE 1A AS PART OF HIS EMPLOYMENT AGREEMENT, THE PRESIDENT IS REQUIRED TO LIVE ON CAMPUS AND IS PROVIDED HOUSING. BECAUSE THE HOUSING IS ON CAMPUS AND A REQUIRED COMPONENT OF HIS EMPLOYMENT, THE AMOUNT IS NOT INCLUDED IN HIS COMPENSATION. PART I, LINE 1B THE HOUSING ALLOWANCE IS PART OF THE CONTRACTUAL OBLIGATION WITH THE PRESIDENT. THE CONTRACT WAS REVIEWED AND APPROVED BY GOVERNANCE PRIOR TO BEING EXECUTED. FORM 990, PART VI, SECTION A, LINE 1 THE EXECUTIVE COMMITTEE SHALL BE COMPOSED OF THE CHAIR OF THE BOARD, THE VICE CHAIR OF THE BOARD, THE SECRETARY OF THE BOARD, AND THE CHAIR OF EACH STANDING COMMITTEE (EXCEPT THE COMMITTEE ON AUDIT), THE DOVER DISTRICT SUPERINTENDENT, AND TWO (2) MEMBERS-AT-LARGE NOMINATED BY THE CHAIR AND ELECTED ANNUALLY BY THE BOARD OF TRUSTEES AT THE FALL MEETING OF THE BOARD. THE CHAIR SHALL PRESIDE AT ALL MEETINGS AND THE PRESIDENT SHALL BE THE STAFF PERSON TO THE COMMITTEE. THE EXECUTIVE COMMITTEE SHALL EXERCISE ALL POWERS OF THE BOARD WHEN THE BOARD IS NOT IN SESSION. THE EXECUTIVE COMMITTEE, UPON NOMINATION BY THE COMMITTEE ON TRUSTEE DEVELOPMENT, MAY ELECT TRUSTEES TO FILL VACANCIES OCCURRING BETWEEN MEETINGS OF THE BOARD OF TRUSTEES. THE EXECUTIVE COMMITTEE SHALL ENSURE THAT THERE IS AN UPDATED MASTER PLAN SETTING GOALS AND STRATEGY FOR THE COLLEGE THAT INCLUDES BOTH ACADEMIC AND FINANCIAL CONSIDERATIONS. FORM 990, PART VI, SECTION A, LINE 2 WILLIAM H. WILLIS, JR., VICE CHAIR, AND HARRY D. WILLIS, DIRECTOR, HAVE A FAMILY RELATIONSHIP. FORM 990, PART VI, SECTION A, LINE 6 THE MEMBERSHIP OF THE WESLEY COLLEGE SHALL BE THE MEMBERS OF THE PENINSULA-DELAWARE ANNUAL CONFERENCE OF THE UNITED METHODIST CHURCH OR ITS SUCCESSOR. FORM 990, PART VI, SECTION A, LINE 7A WESLEY COLLEGE SHALL BE GOVERNED BY A THIRTY (30) MEMBER BOARD OF TRUSTEES, TWENTY-EIGHT (28) OF WHOM SHALL BE ELECTED BY THE MEMBERS OF THE CORPORATION THAT CONSISTS OF MEMBERS OF THE PENINSULA-DELAWARE ANNUAL CONFERENCE OF THE UNITED METHODIST CHURCH OR ITS SUCCESSOR. THE DOVER DISTRICT SUPERINTENDENT OF THE UNITED METHODIST CHURCH AND PRESIDENT OF THE COLLEGE SHALL BE EX-OFFICIO MEMBERS. OF THE ELECTED TRUSTEES, TWENTY (20) SHALL BE LAY PERSONS, AT LEAST TEN (10) OF WHOM SHALL BE MEMBERS OF LOCAL CHURCHES OF THE PENINSULA-DELAWARE ANNUAL CONFERENCE. EIGHT (8) ELECTED TRUSTEES SHALL BE ORDAINED CLERGY, AT LEAST FIVE (5) OF WHOM SHALL BE MEMBERS OF THE PENINSULA-DELAWARE ANNUAL CONFERENCE. THE EXECUTIVE COMMITTEE, UPON NOMINATION BY THE COMMITTEE ON TRUSTEE DEVELOPMENT, MAY ELECT TRUSTEES TO FILL VACANCIES OCCURRING BETWEEN MEETINGS OF THE BOARD OF TRUSTEES. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY THE ORGANIZATION'S PUBLIC ACCOUNTING FIRM BASED ON INFORMATION PROVIDED BY MANAGEMENT. A DRAFT OF THE RETURN IS PROVIDED TO THE COLLEGE FOR REVIEW WITH ANY CHANGES INCORPORATED INTO THE FILING BEFORE THE RETURN IS FINALIZED. THE RETURN IS PROVIDED TO THE GOVERNING BODY BEFORE FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY APPLIES TO ALL TRUSTEES AND OFFICERS OF THE COLLEGE. WHEN A POTENTIAL CONFLICT OF INTEREST EXISTS, THE TRUSTEE SHALL MAKE KNOWN THE POTENTIAL CONFLICT TO THE BOARD OR COMMITTEE ON WHICH THE TRUSTEE SERVES AND SHALL BE RECUSED FROM THE ANY DISCUSSION AND/OR VOTE RELATED TO THE POTENTIAL CONFLICT OF INTEREST. THE VP OF FINANCE MONITORS ALL MATTERS RELATED TO CONFLICTS OF INTEREST. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS ARE ON RECORD WITH THE STATE OF DELAWARE, AND ARE AVAILABLE UPON REQUEST. THE CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE NOT MADE AVAILABLE TO THE PUBLIC. FORM 990, PART XI, LINE 9: CHANGE IN FAIR VALUE OF SWAP CONTRACTS 120,431. FORM 990, PART XII, LINE 3B: THE SINGLE AUDIT WAS NOT COMPLETED AS OF THE TIME OF THIS FILING, BUT AN INDEPENDENT ACCOUNTING FIRM HAS BEEN ENGAGED TO PERFORM THIS WORK AND THE PROCESS HAS STARTED. AFTER THE CLOSE OF THE JUNE 30, 2021 FISCAL YEAR, THE COLLEGE WENT THROUGH AND IS STILL GOING THROUGH SIGNIFICANT TRANSITIONS, WHICH HAVE RESULTED IN A REALIGNMENT OF RESOURCES WHICH CAUSED DELAYS IN THE COMPLETION OF THE SINGLE AUDIT. EVERY EFFORT IS BEING MADE TO RESOLVE THESE DELAYS QUICKLY AND ISSUE THE SINGLE AUDIT.