2021-04-05T12:54:11-05:00 2020-05-31 273858252 DEAN DORTON ALLEN FORD PLLC 250 W MAIN STREET STE 1400 LEXINGTON KY 40507 990 2019-06-01 610466713 KENTUCKY WESLEYAN COLLEGE KENT 2709263111 3000 FREDERICA STREET OWENSBORO KY 42301 OFFICER VICE PRESIDENT OF FINANCE 2709263111 2021-03-26 1 ALLISON C CARTER P01242412 8592552341 2019 2022-09-23 18:48:47Z DAN FRAZIER 3000 FREDERICA STREET OWENSBORO KY 42301 51353029 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 20 20 497 38 0 0 2570518 2509871 23401577 25419680 854392 1167162 120131 44684 26946618 29141397 9952033 11334242 0 0 7777954 8487500 0 0 474693 9544082 9787972 27274069 29609714 -327451 -468317 59474488 62581092 18590332 21473132 40884156 41107960 FOSTER A LIBERAL ARTS EDUCATION THAT NOURISHES, STIMULATES AND PREPARES FUTURE LEADERS INTELLECTUALLY, SPIRITUALLY AND PHYSICALLY TO ACHIEVE SUCCESS IN LIFE 0 0 25428485 11334242 25419680 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. 25428485 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 0 0 0 0 1 66 0 1 497 1 0 0 0 0 0 0 0 0 0 0 0 0 X 20 20 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 0 1 1 0 KY X DAN FRAZIER 2709263113 3000 FREDERICA ST OWENSBORO KY 42301 DALE CARDEN TRUSTEE 1.00 X 0 0 0 DEBORAH CARTER DEARING TRUSTEE/SECRETARY 1.00 X 0 0 0 LYDIA DORMAN TRUSTEE 1.00 X 0 0 0 SHERRY M FELDPAUSCH TRUSTEE/VICE CHAIR 1.00 X 0 0 0 MARK GIBBONS 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 MITCH MAJOR 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 RANDALL L RASKIN 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 ROLAND SHELTON TRUSTEE 1.00 X 0 0 0 PHILLIP J SHEPHERD TRUSTEE/CHAIR 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 JEFF WHITE TRUSTEE/TREASURER 1.00 X 0 0 0 FRED WRIGHT TRUSTEE 1.00 X 0 0 0 TOM MITZEL PRESIDENT 40.00 X 0 0 0 EDDIE KENNEY V.P. OF ADVANCEMENT 40.00 X 83530 0 16568 PAULA F DEHN V.P. ACADEMIC AFFAIRS DIVISION 40.00 X 102850 0 10154 MATT RUARK V.P. OF ADMISSIONS/FINANCIAL AID 40.00 X 74862 0 8391 DAN FRAZIER V.P. OF FINANCE 40.00 X 130984 0 18127 SCOTT E KRAMER V.P. OF EXECUTIVE INITIATIVES 40.00 X 88763 0 3111 ROBERT J MALLORY DIRECTOR OF ATHLETICS 40.00 X 70042 0 15745 REBECCA MCQUEEN - RUARK V.P OF STUDENT LIFE 40.00 X 71440 0 8209 622471 0 80305 2 0 1 0 ALADDIN FOOD MANAGEMENT SERVICES 16567 COLLECTIONS CENTER DRIVE CHICAGO IL 60693 FOOD SERVICE CONTRACTOR 1399024 GCA SERVICES GROUP PO BOX 643823 PITTSBURGH PA 15264 FACILITIES MANAGEMENT CONTRACTOR 819045 MILLER TRANSPORTATION 111 OUTER LOOP LOUISVILLE KY 40214 TRAVEL BUS TRANSPORTATION 205732 BUILDING BY WAYNE BAKER INC 4100 VINCENT STATION DRIVE OWENSBORO KY 42303 BUILDING CONTRACTOR 132680 IMPERIAL ROOFING AND CONSTRUCTION 4902 MIDWAY LAND HAWESVILLE KY 42348 BUILDING CONTRACTOR 102316 5 433806 2076065 51816 2509871 TUITION AND FEES 611600 20725694 20725694 AUXILIARY INCOME 611710 4025767 4025767 OTHER SOURCES 611710 668219 668219 25419680 906771 906771 1680 1680 4613 0 4613 4613 4613 22442921 22182530 260391 260391 260391 67493 29102 38391 38391 29141397 25419680 0 1211846 11334242 11334242 806942 722355 84587 5927954 4246675 1466017 215262 163587 98013 58500 7074 1113074 693468 376324 43282 475943 305210 148767 21966 807096 726386 72639 8071 17454 17454 83147 83147 285878 257290 25729 2859 107725 96953 9695 1077 451944 406750 40675 4519 520422 468380 46838 5204 1465331 1318798 131880 14653 399558 364841 18949 15768 265354 167318 86222 11814 693886 624497 62450 6939 1063621 957259 95726 10636 403935 363542 36354 4039 ATHLETICS 1272534 1272534 UTILITIES 774940 697446 69745 7749 OTHER 614309 552627 55514 6168 MAINTENANCE 302605 272345 27234 3026 258233 203911 54322 29609714 25428485 3706536 474693 320207 104891 1456415 4271979 1456047 1312874 574812 561014 2500 500 662825 460528 174455 168264 40774420 22033462 19363247 18740958 30914260 31042114 4549720 5917970 59474488 62581092 1136207 1485369 15890299 18339660 1563826 1648103 18590332 21473132 X 4341695 4703979 36542461 36403981 40884156 41107960 59474488 62581092 X -468317 685447 6674 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 35472406 228716 1476682 1515616 303123 35359065 36757113 391693 -62300 1315469 298631 35472406 36092016 391924 2293319 1307979 397342 314825 36757113 34327772 190234 3216587 1067382 575195 36092016 37471515 154802 -1714610 1143603 440332 34327772 1.00000 1 0 100417 100417 18134004 8930882 9203122 15094532 6520665 8573867 7445467 6581915 863552 18740958 FUNDS HELD IN TRUST BY OTHERS 3889555 CASH SURRENDER VALUE OF LIFE INSURANCE 571947 CONSTRUCTION IN PROGRESS 1456468 5917970 DEPOSITS & AGENCY FUNDS 342683 ANNUITIES PAYABLE 156182 ASSET RETIREMENT OBLIGATION 350450 REFUNDABLE U.S. GOV LOAN FUNDS 517171 POSTRETIREMENT BENEFIT LIABILITIES 281617 1648103 18499276 685447 6674 692121 17807155 11334242 11334242 29141397 18275472 0 18275472 11334242 11334242 29609714 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 6,674. PART XI, LINE 4B - OTHER ADJUSTMENTS: STUDENT AID DISCOUNTS 11,334,242. PART XII, LINE 4B - OTHER ADJUSTMENTS: STUDENT AID DISCOUNTS 11,334,242. 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 30200 30200 237 13175 300 BASKETBALL CAR SHOW 23176 23176 1519 3067 1 14117 14117 1376 9428 67493 67493 3132 13175 12795 29102 38391 1 STUDENT AID DISCOUNTS 801 11334242 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 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 A THIRD PARTY VENDOR, GCA, WHO IS PAID MONTHLY FOR THEIR CONTRACT TERMS. SCOTT KRAMER OFFICER KWC LOAN FUND X 1000 500 0 0 1 500 THOMAS MAJOR TRUSTEE 35386 INSURANCE 0 JACK WELLS TRUSTEE 1456468 PROPERTY 0 X 4 50116 X AIRLINE TICKETS 2 1700 FAIR MARKET VALUE 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). TOM MAJOR (TRUSTEE) IS UNCLE TO MITCH MAJOR (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. 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. 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 6,674. PART XII, LINE 2C THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.