2019-04-12T11:36:00-05:00 2018-05-31 421029744 TDT CPAS AND ADVISORS PC 1245 JORDAN CREEK PKWY SUITE 100 WEST DES MOINES IA 502662300 990 2017-06-01 420680332 IOWA WESLEYAN UNIVERSITY IOWA 3193856206 601 N MAIN STREET MT PLEASANT IA 52641 CHRIS PLUNKETT VP OF FINANCE 3193856206 2019-04-12 true COURTNEY L DERONDE CPA P01245662 5156575800 2019-04-12 167.68.16.49 2019-04-12 11:36:00 CD P 639E43D7064DA110D86365B3D40C5518D435221F 2D426263845748513852DCBD2BD9A71A3091F1FA 2017 2019-02-21 02:37:17Z STEVEN TITUS 601 N MAIN STREET MT PLEASANT IA 52641 20215118 false X WWW.IW.EDU X 1842 IA IOWA WESLEYAN UNIVERSITY IS A TRANSFORMATIONAL LEARNING COMMUNITY WHOSE PASSION IS TO EDUCATE, EMPOWER AND INSPIRE STUDENTS TO LEAD MEANINGFUL LIVES AND CAREERS. 22 21 383 50 0 2879095 2480266 15481679 17500982 257255 168038 53471 38420 18671500 20187706 6512094 7798195 0 6543060 7554507 0 672841 8263441 8665154 21318595 24017856 -2647095 -3830150 43796571 40368538 27878004 27892902 15918567 12475636 X IOWA WESLEYAN UNIVERSITY IS A TRANSFORMATIONAL LEARNING COMMUNITY WHOSE PASSION IS TO EDUCATE, EMPOWER AND INSPIRE STUDENTS TO LEAD MEANINGFUL LIVES AND CAREERS. false false 5807607 13727123 THE UNIVERSITY IS ACCREDITED AS A BACCALAUREATE INSTITUTION BY THE HIGHER LEARNING COMMISSION. STUDENT PAYMENTS OF TUITION AND SERVICE FEES ARE USED TO PROVIDE THE HIGHEST POSSIBLE QUALITY EDUCATION AT THE LOWEST POSSIBLE COST. THE UNIVERSITY ENROLLED 606 FULL AND PART TIME STUDENTS IN THE FALL SEMESTER OF 2017 AND 494 STUDENTS IN THE SPRING SEMESTER OF 2018. 2300185 3773859 AUXILLARY ENTERPRISES FOR THE BENEFIT OF THE STUDENTS (RESIDENCE HALLS, DINING, ETC. THE UNIVERSITY HAD 440 STUDENTS LIVING ON CAMPLAS DURING THE FALL 2017 SEMESTER. THE UNIVERSITY HAD 385 STUDENTS LIVING ON CAMPUS DURING THE SPRING 2018 SEMESTER. ALL STUDENTS LIVING ON CAMPUS ALSO PURCHASED MEAL PLANS. 7798195 7798195 SCHOLARSHIP PROGRAMS FOR SCHOLARSHIPS AND GRANTS TO 530 STUDENTS. 4375882 STUDENTS SERVICES, INCLUDING STUDENT DEVELOPMENT, ACADEMIC AND CAREER COUNSELING, ATHLETICS, FINANCIAL ASSISTANCE AND OTHER SERVICES, WAS PROVIDED 606 FULL AND PART TIME STUDENTS IN THE FALL SEMESTER OF 2017 AND 494 STUDENTS IN THE SPRING SEMESTER OF 2018. 4375882 20281869 true true false false false false false true false true true false false true true true true false true false false false false false true false false false true true false false false false false false false true false false false false true false false false false true 27 0 true 383 true false false false false false false false false false false X 22 21 false false false false false false false true true false false false true true true true true true true false X CHRIS PLUNKETT 3193856206 601 N MAIN STREET MT PLEASANT IA 52641 ANNETTE SCIESZINSKI CHAIRPERSON 1.00 X X 0 0 0 MARY ELGAR SECRETARY 1.00 X X 0 0 0 JOHN BADGER LEFT 5418 TRUSTEE 1.00 X 0 0 0 JASON BENDER TRUSTEE 1.00 X 0 0 0 ELIZABETH GARRELS TRUSTEE 1.00 X 0 0 0 CHARLES FLUHARTY TRUSTEE 1.00 X 0 0 0 L NATHAN GAUSE TRUSTEE 1.00 X 0 0 0 BYRON JOHNSON TRUSTEE 1.00 X 0 0 0 DENISE KELTNER JOHNSON TRUSTEE 1.00 X 0 0 0 TONY KASKA TRUSTEE 1.00 X 0 0 0 MARIA LOFGREN TRUSTEE 1.00 X 0 0 0 WALLACE LOH TRUSTEE 1.00 X 0 0 0 MICK MICHAEL LEFT 10617 TRUSTEE 1.00 X 0 0 0 ROBERT MILLER TRUSTEE 1.00 X 0 0 0 RANDALL PERRY TRUSTEE 1.00 X 0 0 0 W CHRISTINE RAUSCHER LEFT 5418 TRUSTEE 1.00 X 0 0 0 THEODORE ROTH TRUSTEE 1.00 X 0 0 0 JD SCHIMMELPFENNIG TRUSTEE 1.00 X 0 0 0 GARY SHAW TRUSTEE 1.00 X 0 0 0 MATTHEW SHINN LEFT 12618 TRUSTEE 1.00 X 0 0 0 KENT SWAIM LEFT 5418 TRUSTEE 1.00 X 0 0 0 CHRISTOPHER VAN GELS TRUSTEE 1.00 X 0 0 0 CHRISTIE VILSACK VICE CHAIR 1.00 X X 0 0 0 DON WILEY TRUSTEE 1.00 X 0 0 0 PAUL DENNISON TRUSTEE 1.00 X 0 0 0 MELINDA HUISINGA TRUSTEE 1.00 X 0 0 0 ROBERT MEYER TRUSTEE 1.00 X 0 0 0 STEVEN TITUS PRESIDENT 50.00 X 298296 0 22572 CHRIS PLUNKETT VP OF FINANC 50.00 X 0 0 0 WESLEY BROOKS VP STUD, DEV 50.00 X 110070 0 22572 DEWAYNE FRAZIER VP ACADEMIC 50.00 X 140012 0 16068 MEG RICHTMAN VP INSTITUTI 50.00 X 115112 0 16068 DREW VAN HORN LEFT 122017 VP INSTITUTI 50.00 X 105412 0 17870 NICKOLIS BOONE VP ENROLLMEN 50.00 X 121549 0 16068 890451 111218 6 false true false SODEXHO AMERICA 9801 WASHINGTONIAN BLVD GAITHERSBURG MD 20878 FOOD SERVICE 1094114 NATIONAL MANAGEMENT RESOURCES PO BOX 1224 LAGRANGR GA 30241 MAINTENANCE 957329 EAB 1920 EAST PARHAM RD RICHMOND VA 23228 CONSULTING 370711 US BANK PO BOX 790408 ST LOUIS MO 63179 CREDIT CARD 295907 AMERICAN EXPRESS 1801 NW 66TH AVE SUITE 103C PLANTATION FL 33313 VENDOR PAYMENT 219204 12 830925 127117 1522224 16639 2480266 TUITION AND FEES 611600 13727123 13727123 ROOM & BOARD 721310 3348967 3348967 BOOKSTORE 900099 233810 233810 MISC FEES 900099 169726 169726 FINANCE CHARGE 451211 21356 21356 17500982 174775 174775 59095 59095 59095 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X true true true X X X X false 15180125 182475 613205 707762 15268043 13065291 1682979 898855 467000 15180125 14451710 166855 -598274 955000 13065291 14492061 124843 290493 455687 14451710 13386500 651392 921525 467356 14492061 1.00000 true false 363027 363027 59917 31921052 13145759 18835210 845419 686660 158759 8837068 7437838 1399230 798797 797033 1764 20757990 BENEFICIAL INTEREST IN PERPETUAL TRU 6422479 DEBT SERVICE RESERVE FUND 1265106 COLLECTIONS 704794 SAVINGS ACCTS & CDS 527739 MINERAL RIGHTS 310000 CASH SURRENDER VALUE OF LIFE INS 305147 REFUNDABLE GOVT LOAN PROGRAM 49053 9584318 ANNUITY OBLIGATIONS 188629 STUDENT DEPOSITS 76570 265199 X 12884743 366860 33478 400338 12484405 7703301 7703301 20187706 16327674 33794 33794 16293880 7723976 7723976 24017856 SCHEDULE D, PAGE 2, PART III, LINE 4 THE UNIVERSITY'S FINE ART COLLECTION INCLUDING DRAWINGS, PAINTINGS, FURNITURE AND SCULPTURES THAT ARE MAINTAINED FOR PURPOSES OF SCHOLARLY RESEARCH, PUBLIC EXHIBITS AND PRESERVATION FOR FUTURE GENERATIONS. SCHEDULE D, PAGE 2, PART V, LINE 4 ENDOWMENT FUNDS ARE INVESTED AND THE REVENUE OF SUCH IS USED PRIMARILY TO FUND GRANTS AND SCHOLARSHIPS TO QUALIFIED STUDENTS OF THE UNIVERSITY. SCHEDULE D, PAGE 3, PART X THE UNIVERSITY IS EXEMPT FROM FEDERAL INCOME TAX AS DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE UNIVERSITY IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. SCHEDULE D, PAGE 4, PART XI, LINE 2D CHANGE IN SPLIT INTEREST AGREEMENT -56,958 CHANGE IN BENEFICIAL INTEREST IN TRUST 77,317 OTHER 13,119 SCHEDULE D, PAGE 4, PART XI, LINE 4B SCH & GRANTS NETTED REVENUE 7,723,976 SPECIAL EVENTS -20,675 SCHEDULE D, PAGE 4, PART XII, LINE 2D SPECIAL EVENTS 20,675 OTHER 13,119 SCHEDULE D, PAGE 4, PART XII, LINE 4B SCH & GRANTS NETTED REVENUE 7,723,976 true true true true true true true false false false false false false false false true false true SCHEDULE E, LINE 3 NONDISCRIMINATION POLICY NOTED IN ALL PUBLIC ADVERTISING, UNIVERSITY CATALOGS AND FINANCIAL AID LITERATURE. SCHEDULE E, LINE 6 THE ORGANIZATION RECEIVES STUDENT FINANCIAL ASSISTANCE THROUGH THE DEPARTMENT OF EDUCATION. THE FOLLOWING PROGRAMS ARE ADMINISTERED THROUGH THE UNIVERSITY: DIRECT STUDENT LOANS, PELL GRANTS, SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANTS, WORK-STUDY, PERKINS LOANS, AND TEACH GRANTS. FOR THE YEAR ENDED MAY 31, 2018 THE ORGANIZATION HAD 4,892,373 IN FEDERAL EXPENDITURES RELATED TO THE PROGRAMS. RADIOTHON 830925 830925 3579 1773 2625 12698 830925 830925 3579 1773 2625 12698 20675 -20675 true FEDERAL SUPPLEMENTAL EDUC 156 74219 INSTITUTION SCHOLARSHIPS 416 7723976 SCHEDULE I, PAGE 1, PART I, LINE 2 THE UNIVERSITY HAS A FINANCIAL AID DEPARTMENT WHOSE STAFF IS TRAINED AND CONTINUOUSLY EDUCATED REGARDING FEDERAL FINANCIAL AID RULES AND REGULATIONS. THE STAFF OF THE UNIVERSITY DETERMINES THE FINANCIAL NEED OF THE STUDENT AND DETERMINES THE AMOUNT OF FINANCIAL ASSISTANCE THAT CAN BE AWARDED TO THE STUDENT BASED ON FEDERAL RULES AND REGULATIONS. THE FINANCIAL AID STAFF ALSO AWARDS GRANTS AND SCHOLARSHIPS BASED ON ENDOWED GIFTS THAT COMPLY WITH THE TERMS OF THE ENDOWED GIFTS. X true true X X X X false false false false false false false false false STEVEN TITUS PRESIDENT 298296 22572 320868 DEWAYNE FRAZIER VP ACADEMIC AFFAIRS 140012 16068 156080 DON WILEY SEE PART V 71237 SEE PART V false SCHEDULE L, PART V FORM 990, SCHEDULE L, PART IV, LINE (1) THE UNIVERSITY RECEIVES COMPETITIVE BIDS AND ALL WORK AWARDED TO TAFT-WILEY IS BASED ON LOWEST BID. DON WILEY, BOARD TRUSTEE, IS THE BROTHER OF THE OWNER OF TAFT-WILEY, INC., A COMPANY THAT PROVIDED COOLING AND HEATING SERVICES FOR THE UNIVERSITY FOR THE CURRENT YEAR-END. FORM 990, PAGE 2, PART III, LINE 4D STUDENTS SERVICES, INCLUDING STUDENT DEVELOPMENT, ACADEMIC AND CAREER COUNSELING, ATHLETICS, FINANCIAL ASSISTANCE AND OTHER SERVICES, WAS PROVIDED 606 FULL AND PART TIME STUDENTS IN THE FALL SEMESTER OF 2017 AND 494 STUDENTS IN THE SPRING SEMESTER OF 2018. FORM 990, PAGE 6, PART VI, LINE 11B WHILE ANY MEMBER OF THE BOARD MAY REQUEST A COPY OF THE FORM 990 AT ANY TIME, ALL OF THE MEMBERS ARE NOT ASKED TO REVIEW A DRAFT PRIOR TO THE FILING. THE AUDIT COMMITTEE REVIEWS THE RESULTS OF THE AUDIT WITH MANAGEMENT AND THE OUTSIDE AUDITOR. AS THE FINANCIAL INFORMATION REFLECTED IN THE AUDITED FINANCIAL STATEMENTS IS UTILIZED IN THE FORM 990, THE AUDIT COMMITTEE REQUIRES THE CONTROLLER TO RECONCILE THE FINANCIAL INFORMATION REFLECTED IN THE FORM 990 TO THE AUDITED FINANCIAL STATEMENTS. ANY EXCEPTIONS NOTED BY THE CONTROLLER ARE TO BE BROUGHT TO THE ATTENTION OF THE CFO AND THE CHAIR OF THE AUDIT COMMITTEE. THE CHAIR OF THE AUDIT COMMITTEE REVIEWS THE ENTIRE DRAFT OF THE FORM 990 AND DISCUSSES ANY QUESTIONS OR CONCERNS FROM THIS REVIEW WITH THE CFO, CONTROLLER, OUTSIDE AUDITOR OR OTHER TRUSTEES AS IS APPROPRIATE PRIOR TO THE FILING OF THE FORM. FORM 990, PAGE 6, PART VI, LINE 12C THE UNIVERSITY TRUSTEES VOLUNTARILY REPORT CONFLICTS AND ABSTAIN FROM VOTING ON ISSUES IN WHICH CONFLICTS EXIST. FORM 990, PAGE 6, PART VI, LINE 15A SALARIES ARE DETERMINED BY COMPARISONS WITH APPROPRIATE BENCHMARKING SURVEYS AND AVAILABLE RESOURCES. THE PRESIDENTIAL REVIEW COMMITTEE MEETS TO REVIEW THE PRESIDENT'S SALARY. FORM 990, PAGE 6, PART VI, LINE 15B SALARIES ARE DETERMINED BY COMPARISONS WITH APPROPRIATE BENCHMARKING SURVEYS AND AVAILABLE RESOURCES. FORM 990, PAGE 6, PART VI, LINE 19 THE DOCUMENTS ARE PROVIDED TO THE BOARD AND AVAILABLE TO ANYONE ELSE UPON REQUEST. FORM 990, PART XI, LINE 9 CHANGE IN SPLIT INTEREST AGREEMENT -56,958 CHANGE IN ESTIMATE OF BENEFICIAL INTEREST 77,317 TOTAL 20,359 IW REAL ESTATE FOUNDATION LLC 601 NORTH MAIN STREET MT PLEASANT IA 52641 811054775 PART VII IA 19356996 PART VII SCHEDULE R SCHEDULE R, PART I, LINE 1, COLUMN (B) THE PRIMARIY ACTIVITY OF THE COMPANY IS TO ACQUIRE AND OWN REAL ESTATE AND OTHER PROPERTY FOR THE EXCLUSIVE USE OF THE SOLE MEMBER AND TO ACCEPT GIFTS AND CONTRIBUTIONS TO BE DISTRIBUTED TO OR FOR THE BENEFIT OF THE SOLE MEMBER. SCHEDULE R, PART I, LINE 1, COLUMN (E) THE COMPANY OWNS SUBSTANTIALLY ALL OF THE REAL ESTATE USED BY THE UNIVERSITY. SCHEDULE R, PART I, LINE 1, COLUMN (F) THE SOLE MEMBER OF THE COMPANY IS IOWA WESLEYAN UNIVERSITY.