2020-11-04T10:40:39-06:00 2020-06-30 BKD LLP 200 E Main St Suite 700 Fort Wayne IN 46802 990 2019-07-01 350885591 INDIANA WESLEYAN UNIVERSITY % NANCY SCHOONMAKER INDI 7656772947 4201 S WASHINGTON STREET MARION IN 46953 NANCY SCHOONMAKER CFO 7656772947 2020-11-16 true Lauren R Denton P01571860 2604604000 167.68.126.162 35027420203095000000 2020-11-04 P F7C31C4DC58BD443336992C64CE2ED0B2ED10018 F7C31C4DC58BD443336992C64CE2ED0B2ED10018 2019 2021-01-29 14:40:06Z NANCY SCHOONMAKER 4201 S WASHINGTON STREET MARION IN 46953 246686274 false X WWW.INDWES.EDU X 1920 IN INDIANA WESLEYAN UNIVERSITY IS A CHRIST-CENTERED ACADEMIC COMMUNITY COMMITTED TO CHANGING THE WORLD BY DEVELOPING STUDENTS IN CHARACTER, SCHOLARSHIP, AND LEADERSHIP. 32 21 4614 5 0 0 11843608 12518248 202587389 189466894 5170593 5865597 253253 268256 219854843 208118995 34021212 35436199 0 0 107742623 104768856 145204 12462 1956958 69957368 66895765 211866407 207113282 7988436 1005713 521839306 509326465 55476370 51329087 466362936 457997378 INDIANA WESLEYAN UNIVERSITY'S PURPOSE IS TO SEARCH FOR TRUTH, BY STUDY IN LIBERAL ARTS AND IN PROFESSIONAL EDUCATION WITHIN THE FRAMEWORK OF CHRISTIAN FAITH AND PHILOSOPHY SO THAT THE PERSON IS DEVELOPED FOR SERVICE TO GOD AND MAN IN THE CHURCH AND IN SOCIETY. false false 185151210 35357709 189466894 INSTRUCTION: THIS PROGRAM ENCOMPASSES A WIDE RANGE OF INSTRUCTIONS IN LIBERAL ARTS CURRICULUM, AS WELL AS PROVIDING TEXTBOOK DISTRIBUTION AND RESIDENTIAL DINING SERVICES FOR STUDENTS. BOOKSTORE: THIS PROGRAM SERVICE PROVIDES TEXTBOOK DISTRIBUTION FOR STUDENTS. FOOD SERVICE: THIS PROGRAM SERVICE PROVIDES STUDENTS RESIDENTIAL DINING SERVICES. 185151210 true true false false false false false false false true true false false false true false false true true false true false false true true false false true true true true false false false false false true true true true true true false false false true true true true false false true 19455 0 4614 true false false false false false true true false false false false false false X 32 21 true false false false false false false true true false false true true true true true true true true false IN X NANCY SCHOONMAKER 7656772947 4201 S WASHINGTON STREET MARION IN 46953 DAVID WRIGHT UNIVERSITY PRESIDENT 40.0 0.0 X X 250084 0 91127 DENNIS MATTHEW LUCAS CHANCELLOR/NATIONAL & GLOBAL C 40.0 0.0 X 152696 0 46474 MARTIN RICE DEAN OF SCHOOL OF HEALTH SCIEN 40.0 0.0 X 139024 0 54434 NANCY SCHOONMAKER CFO/VP OF BUSINESS AFFAIRS 40.0 0.0 X 141194 0 49795 SCOTT TURCOTT VP OF UNIVERSITY ADVANCEMENT 40.0 0.0 X 138399 0 39147 STACY HAMMONS PROVOST 40.0 0.0 X 151294 0 23631 WARREN ROGERS PROFESSOR/BLANCHARD ENDOWED CH 40.0 0.0 X 142985 0 29124 DIANE MCDANIEL VP OF DIVERSITY AND INCLUSION 40.0 0.0 X 142592 0 27087 CONNIE ERPELDING TRUSTEE 10.0 0.0 X 8226 0 0 DONALD CADY TRUSTEE 1.0 0.0 X 0 0 0 STEVEN DENEFF TRUSTEE 1.0 0.0 X 0 0 0 KEVIN MYERS TRUSTEE 1.0 0.0 X 0 0 0 PAUL ANTHES TRUSTEE 1.0 0.0 X 0 0 0 NATHAN HOOVER TRUSTEE 1.0 0.0 X 0 0 0 DAN BICKEL TRUSTEE 1.0 0.0 X 0 0 0 MARK MEEKS TRUSTEE 1.0 0.0 X 0 0 0 CHRISTOPHER CONRAD TRUSTEE 1.0 0.0 X 0 0 0 MARK ECKART TRUSTEE 1.0 0.0 X 0 0 0 MARK GORVEATTE TRUSTEE 1.0 0.0 X 0 0 0 SHAWN COSSIN TRUSTEE 1.0 0.0 X 0 0 0 STEVEN EDMONDSON TRUSTEE 1.0 0.0 X 0 0 0 THOMAS SCHMIDT TRUSTEE 1.0 0.0 X 0 0 0 DALE SLOAN TRUSTEE 1.0 0.0 X 0 0 0 CARL SHEPHERD TRUSTEE 1.0 0.0 X 0 0 0 BARRY HINES TRUSTEE 1.0 0.0 X 0 0 0 JAMES POORE II TRUSTEE 1.0 0.0 X 0 0 0 NANCY CAMPBELL TRUSTEE 1.0 0.0 X 0 0 0 GARY OTT TRUSTEE 1.0 0.0 X 0 0 0 EVAN LONGSTRETH TRUSTEE 1.0 0.0 X 0 0 0 RYAN FRANK TRUSTEE 1.0 0.0 X 0 0 0 DEBBYE TURNER BELL TRUSTEE 1.0 0.0 X 0 0 0 DAVID DIMMICH TRUSTEE 1.0 0.0 X 0 0 0 BRIAN HARLOW TRUSTEE 1.0 0.0 X 0 0 0 JEFFREY FREEMAN TRUSTEE 1.0 0.0 X 0 0 0 SANTIAGO JARAMILLO TRUSTEE 1.0 0.0 X 0 0 0 SANTES BEATTY TRUSTEE 1.0 0.0 X 0 0 0 PETRA RAY TRUSTEE 1.0 0.0 X 0 0 0 SHARON EPPS TRUSTEE 1.0 0.0 X 0 0 0 DON OTT TRUSTEE 1.0 0.0 X 0 0 0 MICHAEL CHARMICHAEL TRUSTEE - LEFT 12/31/19 1.0 0.0 X 0 0 0 1266494 0 360819 40 false true false PIONEER COLLEGE CATERERS 303 GLENROSE AVENUE NASHVILLE TN 37210 FOOD SERVICE 5490526 SPECTRUM REACH PO BOX 782922 PHILADELPHIA PA 19178 ADVERTISING 757259 RUFFALO NOEL LEVITZ PO BOX 718 DES MOINES IA 50303 ENROLL. CONSULTANT 509903 PEREGRINE ACADEMIC SERVICES PO BOX 741 GILLETTE WY 82717 ASSESSMENT 509014 REACH NETWORK INC 123 LAKE ST S STE B-1 KIRKLAND WA 98033 ADVERTISING 291555 22 22918 2577787 6059602 3857941 11561 12518248 TUITION AND FEES 900099 166385285 166385285 FOOD SERVICE 451211 8802149 8802149 RESIDENCE HALLS 721310 8829983 8829983 CONFERENCES 721310 1538554 1538554 BOOKSTORE 900099 1033630 1033630 2877293 2877293 189466894 5768283 5768283 0 0 862341 585983 276358 0 276358 276358 38066148 37968834 97314 97314 97314 4360 22918 12462 -8102 -8102 0 0 0 0 0 0 0 208118995 189466894 6133853 78490 78490 35357709 35357709 0 0 744610 0 744610 305890 305890 77962481 71000958 5963370 998153 5838669 5068056 670798 99815 14680091 12946543 1507575 225973 5237115 4647596 513160 76359 0 183666 183666 79900 79900 0 12462 12462 1001619 1001619 825086 604768 150021 70297 16460273 16053620 346276 60377 7036267 4888176 2040543 107548 8046965 4198571 3768394 80000 0 7254587 6611660 642927 2568364 2246333 100553 221478 0 567586 303562 259528 4496 333392 321411 11981 0 13202842 12120209 1082633 937560 937560 FOOD SERVICE 4304408 4304408 UNCOLLECTIBLE ACCOUNTS 1979723 1979723 STUDENT RELIEF EXPENDITURES 2113527 2113527 207113282 185151210 20005114 1956958 11457 13143 11399583 6994256 7149531 6022103 8196597 7631735 0 0 0 0 8061019 7022850 25885 0 2684779 3219426 395354338 140432217 263854681 254922121 214357956 217302779 0 0 0 0 0 0 6097818 6198052 521839306 509326465 25170564 20024137 0 0 4423859 6064546 14949201 14969521 0 0 0 0 0 0 0 0 10932746 10270883 55476370 51329087 X 381945048 377468550 84417888 80528828 466362936 457997378 521839306 509326465 X 1005713 -9057461 -313810 X false true X true true true X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 204472442 7498554 -4059463 6543584 201367949 190810563 12729218 6845801 5913140 204472442 166785949 14592218 14637212 5204816 190810563 146838068 6226436 18679849 4958404 166785949 145985049 9375236 -3622176 4900041 146838068 0.64000 0.28400 0.07600 true false 23706956 23706956 341006816 124894247 216112569 26304211 12702624 13601587 4336355 2835346 1501009 254922121 0 REFUNDABLE DEPOSITS & SECURITY 1046595 ACCUM POSTRETIREMENT BENEFITS 1074487 ANNUITY PAYMENT LIABILITY 1903144 FEDERAL ADVANCE FOR STUDENT LO 5472969 TRUST LIABILITIES 470685 CAPITAL LEASE OBLIGATIONS 303003 10270883 164302270 -9057461 598445 -8459016 172761286 35357709 35357709 208118995 172354018 598445 598445 171755573 35357709 35357709 207113282 SCHEDULE D, PART V, LINE 4 THE UNIVERSITY'S ENDOWMENT CONSISTS OF APPROXIMATELY 300 INDIVIDUAL FUNDS ESTABLISHED FOR A VARIETY OF PURPOSES. 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 ACCOUNTING PRINCIPLES GENERALLY ACCEPTED 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. ASC 740 FOOTNOTE MANAGEMENT HAS EVALUATED THEIR INCOME TAX POSITIONS UNDER THE GUIDANCE INCLUDED IN ASC 740. BASED ON THEIR REVIEW, MANAGEMENT HAS NOT IDENTIFIED ANY MATERIAL UNCERTAIN TAX POSITIONS TO BE RECORDED OR DISCLOSED IN THE FINANCIAL STATEMENTS. SCHEDULE D RECONCILIATION PART XI & XII LINE 2D RENTAL EXPENSE RECLASS $585,983 FUNDRAISING EXPENSE $ 12,462 TOTAL: $598,445 LINE 4B SCHOLARSHIPS $35,357,709 true true true true true true true false false false false false false false false true false true SCHEDULE E, PART I, LINE 3 THE NONDISCRIMINATION POLICY IS NOTED IN THE TRUSTEE BYLAWS, IN A BOARD APPROVED RESOLUTION, AND IN PROGRAM LITERATURE. IT IS ALSO POSTED ON THE INDWES.EDU WEBSITE. SCHEDULE E, PART I, LINE 6A INDIANA WESLEYAN UNIVERSITY PARTICIPATES IN STUDENT AID PROGRAMS PROVIDED BY THE FEDERAL GOVERNMENT. true EAST ASIA AND THE PACIFIC PROGRAM SERVICES ACADEMIC/MISSION TRIP 104100 SUB-SAHARAN AFRICA PROGRAM SERVICES ACADEMIC/MISSION TRIP 78787 EUROPE PROGRAM SERVICES ACADEMIC/MISSION TRIP 369 CENTRAL AMERICA/CARIBBEAN PROGRAM SERVICES ACADEMIC/MISSION TRIP 42111 MIDDLE EAST AND NORTH AFRICA PROGRAM SERVICES ACADEMIC/MISSION TRIP 1141 EUROPE PROGRAM SERVICES FINANCIAL AID 8278 EAST ASIA AND THE PACIFIC PROGRAM SERVICES FINANCIAL AID 23559 CENTRAL AMERICA/CARIBBEAN PROGRAM SERVICES FINANCIAL AID 11063 SOUTH AMERICA PROGRAM SERVICES EDUCATIONAL SERVICES 8075 NORTH AMERICA PROGRAM SERVICES EDUCATIONAL SERVICES 3900 CENRAL AMERICA/CARIBBEAN PROGRAM SERVICES EDUCATIONAL SERVICES 2250 283633 283633 false false false false false false SCHEDULE F, PART I, LINE 3 SCHOLARSHIPS AND GRANTS TO STUDENTS ARE DETERMINED BY THE FINANCIAL AID OFFICE IN WHICH EACH STUDENT FILE IS REVIEWED IN ACCORDANCE WITH DESIGNATED ELIGIBILITY REQUIREMENTS OF THE SCHOLARSHIPS OR GRANTS. SCHOLARSHIPS AND GRANTS ARE THEN MONITORED BY DISBURSING FUNDS FROM THE FINANCIAL AID OFFICE TO THE STUDENT ACCOUNT OFFICE. X X X X X X X true SNAP MOBILE LLC BRANDING false 12000 12000 AL AK AZ AR CA CO CT DE DC FL GA HI ID IL IN IA KS KY LA ME MD MA MI MN MS MO MT NE NV NH NJ NM NY NC ND OH OK OR PA RI SC SD TN TX UT VT VA WA WV WI WY COLESCOTT GOLF 27278 22918 4360 12462 0 27278 22918 4360 12462 12462 -8102 true COMMUNITY FOUNDATION 505 WEST 3RD STREET MARION IN 46952 311117791 501 C 3 17450 OPERATIONAL SUPPORT UNITED WAY OF GRANT COUNTY PO BOX 61 MARION IN 46952 350995975 501 C 3 15000 OPERATIONAL SUPPORT BOYS & GIRLS CLUB 3402 S MERIDIAN STREET MARION IN 46952 351065247 501 C 3 8000 OPERATIONAL SUPPORT PROJECT LEADERSHIP 118 W 25TH STREET MARION IN 46953 453577728 501 C 3 8000 OPERATIONAL SUPPORT BRIDGES TO HEALTH 1251 WEST KEM ROAD MARION IN 46952 205405181 501 C 3 12000 OPERATIONAL SUPPORT FAMILY SERVICES SOCIETY 101 S WASHINGTON STREET MARION IN 46952 350868083 501 C 3 10000 OPERATIONAL SUPPORT GRACE HOUSE FOR RECOVERY PO BOX 284 MARION IN 46952 352157300 501 C 3 8040 OPERATIONAL SUPPORT 7 SCHOLARSHIPS 3292 35357709 SCHEDULE I, PART I, LINE 2 ANY SCHOLARSHIPS/GRANTS TO STUDENTS ARE DETERMINED BY THE FINANCIAL AID OFFICE IN WHICH EACH STUDENT FILE IS REVIEWED IN ACCORDANCE WITH DESIGNATED ELIGIBILITY REQUIREMENTS OF THE SCHOLARSHIPS OR GRANTS. SCHOLARSHIPS AND GRANTS ARE THEN MONITORED BY DISBURSING FUNDS FROM THE FINANCIAL AID OFFICE TO THE STUDENT ACCOUNT OFFICE. X X X X true true X X X false false false false false false false false false DAVID WRIGHT UNIVERSITY PRESIDENT 245893 0 0 0 4191 0 26000 0 65127 0 341211 0 NANCY SCHOONMAKER CFO/VP OF BUSINESS AFFAIRS 139904 0 0 0 1290 0 14991 0 34804 0 190989 0 STACY HAMMONS PROVOST 149988 0 0 0 1306 0 15150 0 8481 0 174925 0 SCOTT TURCOTT VP OF UNIVERSITY ADVANCEMENT 136627 0 0 0 1772 0 14500 0 24647 0 177546 0 MARTIN RICE DEAN OF SCHOOL OF HEALTH SCIEN 137770 0 0 0 1254 0 14639 0 39795 0 193458 0 WARREN ROGERS PROFESSOR/BLANCHARD ENDOWED CH 141718 0 0 0 1267 0 14570 0 14554 0 172109 0 DIANE MCDANIEL VP OF DIVERSITY AND INCLUSION 139071 0 0 0 3521 0 14049 0 13038 0 169679 0 DENNIS MATTHEW LUCAS CHANCELLOR/NATIONAL & GLOBAL C 152210 0 0 0 486 0 16000 0 30474 0 199170 0 SCHEDULE J, PART I, LINE 1A THE PRESIDENT HAS COUNTRY CLUB DUES PAID BY THE UNIVERSITY FOR BUSINESS ENTERTAINMENT PURPOSES. THE DUES ARE TAXABLE FOR PERSONAL USE. HOUSING AND PERSONAL SERVICES FOR THE PRESIDENT IS PROVIDED BY THE UNIVERSITY AND REQUIRED BY CONTRACT. THE RESIDENCE IS CONTIGUOUS TO THE CAMPUS, THE PRESIDENT IS REQUIRED TO LIVE THERE AND IS REQUIRED TO CONDUCT UNIVERSITY RELATED BUSINESS PER HIS CONTRACT. THIS AMOUNT IS NOT INCLUDED IN TAXABLE INCOME AND IS SHOWN IN COLUMN (D) FOR DAVID WRIGHT. A CITY OF MARION ECONOMIC DEV SERIES 2016 356001102 2016-12-01 15000000 CONSTRUCTION false false false A 0 0 15000000 0 0 0 0 0 0 0 0 0 2007 false false true true A false false false false 0 false false false true A false false false false true false 0 false 0 false true A true TREE OF LIFE NANCY CAMPBELL PART OWNER EQUIPMENT PURCHASE X 242382 196672 false true true 196672 57381 SCHOLARSHIPS EDUCATIONAL JERRY SHEPHERD BROTHER OF CARL SHEPHERD 68437 COMPENSATED BY IWU false RYAN SHEPHERD SON OF CARL SHEPHERD 85562 COMPENSATED BY IWU false BROOKLYN ECKART DAUGHTER OF MARK ECKART 51181 COMPENSATED BY IWU false GRAEME ELS SON-IN-LAW OF DAVID WRIGHT 48351 COMPENSATED BY IWU false CHRISTIN TAYLOR DAUGHTER OF DAVID WRIGHT 24672 COMPENSATED BY IWU false PHILLIP RENFROE BRO-IN-LAW OF DAVID WRIGHT 129741 COMPENSATED BY IWU false FINANCIAL ADVISORY CORP PAUL ANTHES SHAREHOLDER AND PRESIDENT 180340 INVESTMENT FEES EXP false TLC MANAGEMENT GARY OTT OWNER 2727665 LEASE INCOME false TREE OF LIFE NANCY CAMPBELL PART OWNER 534612 PRINT/MAIL EXP false TREE OF LIFE CONSULTING NANCY CAMPBELL PART OWNER 10000 CONSULTING EXP false SUBSTANTIAL CONTRIBUTOR SUBSTANTIAL CONTRIBUTOR 5490526 INDEPENDENT CONTRACTOR false CAMPUS INC NANCY CAMPBELL 200000 SOFTWARE PROVIDER EXP false EMPLIFY SANTIAGO JARAMILLO - CEO AND CO-FOUNDER 50720 EMPLOYEE ENGAGEMENT SOFTWARE false TREE OF LIFE NANCY CAMPBELL PART OWNER 52134 LEASE INCOME false TREE OF LIFE NANCY CAMPBELL PART OWNER 241142 COMMISSION INCOME false PART IV PAUL ANTHES SERVES AS PRESIDENT OF FINANCIAL ADVISORY CORPORATION (FAC) AND SERVES AS A TRUSTEE ON THE BOARD OF TRUSTEES AT IWU. FAC PROVIDES INVESTMENT ADVISORY SERVICES FOR UNIVERSITY ENDOWMENT FUNDS. FAC DOES NOT SERVE AS CUSTODIAN OR MANAGER OF INVESTED FUNDS AND ONLY PROVIDES ADVISORY SERVICES WHICH CUSTODIAN(S) AND/OR FUND MANAGER(S) USE. THE UNIVERSITY RECEIVES MONTHLY INVESTMENT STATEMENTS DIRECTLY FROM THE CUSTODIAN OF THE FUNDS INDEPENDENT OF FAC. ADDITIONALLY, THE UNIVERSITY HAS ADOPTED AN INVESTMENT MANAGEMENT POLICY AND REGULARLY REVIEWS INVESTMENT PERFORMANCE AND ASSET ALLOCATION WITHIN THE PARAMETERS OF THIS POLICY. FINALLY, AS AN ADDITIONAL MEASURE OF INDEPENDENCE, FAC RECEIVES A SET FEE FOR THEIR SERVICES AND NOT A PERCENTAGE OF THE EARNINGS ON THE INVESTED FUNDS. MR. ANTHES DOES NOT SERVE ON THE INVESTMENT COMMITTEE OF THE BOARD. Gary Ott is the President of Tender Love and Care Management, which manages the Wesleyan Retirement Center. CARL SHEPHERD AND MARK ECKART, TRUSTEES OF INDIANA WESLEYAN UNIVERSITY, HAVE FAMILY MEMBERS WHO ARE EMPLOYED BY THE UNIVERSITY. DAVID WRIGHT, PRESIDENT OF INDIANA WESLEYAN UNIVERSITY, ALSO HAS FAMILY MEMBERS THAT ARE EMPLoyed BY THE UNIVERSITY. NANCY CAMPBELL AND VARIOUS FAMILY MEMBERS IN TOTAL OWN A GREATER THAN 35% INTEREST IN MULTIPLE ENTITIES THAT CONDUCT BUSINESS WITH IWU. THE ENTITIES INCLUDE TREE OF LIFE BOOKSTORES, TREE OF LIFE CONSULTING, AND CAMPUS INC. SANTIAGO JARAMILLO OWNS A GREATER THAN 35% INTEREST IN EMPLIFY, AN ENTITY THAT CONDUCTS BUSINESS WITH IWU. X MISCELLANEOUS 2 11561 FMV false true true SCHEDULE M, PART I, LINE 32B IWU PARTNERS WITH IDONATE TO PROCESS CASH AND NONCASH CONTRIBUTIONS. FORM 990, PART VI, SECTION A, LINE 1B BOARD MEMBERS PAUL ANTHES, GARY OTT, NANCY CAMPBELL, CARL SHEPHERD, DAVID WRIGHT, MARK ECKART, NATHAN HOOVER, MARK MEEKS, SANTIAGO JARAMILLO, SHAWN COSSIN, AND CHRISTOPHER CONRAD ARE NON-INDEPENDENT DUE TO INFORMATION DISCLOSED ON SCHEDULE L. UNIVERSITY PRESIDENT, DAVID WRIGHT, IS ALSO A COMPENSATED EMPLOYEE OF IWU. FORM 990, PART VI, SECTION A, LINE 2 DAN BICKEL AND NATHAN HOOVER HAVE A FAMILY RELATIONSHIP. MARK MEEKS AND DAVID WRIGHT HAVE A FAMILY RELATIONSHIP. FORM 990, PART VI, SECTION B, LINE 11B THE ENTIRE BOARD RECEIVES A COPY OF THE RETURN BEFORE FILING. IT IS ALSO REVIEWED BY AN INDEPENDENT CPA FIRM. FORM 990, PART VI, SECTION B, LINE 12C INDIANA WESLEYAN'S CONFLICT OF INTEREST POLICY IS SIGNED ANNUALLY BY THE OFFICERS, TRUSTEES, AND KEY EMPLOYEES. THE AUDIT COMMITTEE OF THE BOARD OF TRUSTEES ANNUALLY REVIEWS THE POLICY. THE COMPLETED QUESTIONNAIRES ARE REVIEWED BY THE BOARD OF TRUSTEES CHAIRPERSON AND PRESIDENT. FORM 990, PART VI, SECTION B, LINE 15A & 15B THE COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES ANNUALLY REVIEWS AND SETS THE PRESIDENT'S SALARY BASED ON AN EXTERNAL BENCHMARK, WHICH IS THE 75TH PERCENTILE OF PRESIDENTS OF SCHOOLS IN THE COUNCIL OF CHRISTIAN COLLEGES AND UNIVERSITIES. IN TURN, KEY EMPLOYEES ARE BENCHMARKED BY THE 75TH PERCENTILE FOR THEIR DISCIPLINE. ALL OTHER COMPENSATION IS REVIEWED AND APPROVED BY EXECUTIVE EMPLOYEES. FORM 990, PART VI, SECTION C, LINE 19 COPIES OF DOCUMENTS AND POLICIES CAN BE OBTAINED BY CONTACTING THE OFFICE OF THE VICE PRESIDENT FOR BUSINESS AFFAIRS. PART XI, RECONCILIATION OF NET ASSETS LINE 9 CHANGE IN VALUE OF SPLIT-INTEREST AGREEMENTS (277,017) CHANGE IN BENEFICIAL INTEREST IN PERPETUAL TRUSTS (36,793) TOTAL: (313,810) IWU HOLDINGS LLC 4201 S WASHINGTON ST MARION IN 46936 471041098 EDUCATION IN IWU RON BLUE INST FOR FINANCIAL PLANNING 4201 S WASHINGTON ST MARION IN 46953 473753426 EDUCATION IN 650266 488189 IWU WESLEYAN RETIREMENT CENTER 4201 S WASHINGTON STREET MARION IN 46953 351449080 ELDER CARE IN 501(C)(3) 12A IWU true WESLEYAN CHURCH CORPORATION PO BOX 50434 INDIANAPOLIS IN 46250 351148762 RELIGIOUS ORG IN 501(C)(3) 1 NA false INDEPENDENT COLLEGES OF INDIANA INC 30 SOUTH MERIDIAN STREET SUITE 800 INDIANAPOLIS IN 46204 310901001 EDUCATION IN 501(C)(3) 12A NA false CRT (7) CHAR. REM. TRUST IN NA false false true true false false false false false false false false false false false false false false false false WESLEYAN CHURCH CORPORATION C 1315479 CASH WESLEYAN RETIREMENT CENTER C 1251200 CASH