2019-03-06T11:22:34-06:00 2018-06-30 BKD LLP 201 N Illinois Street Indianapolis IN 46204 990 2017-07-01 350868096 Hanover College % HEATHER CHISM HANO 8128667000 495 COLLEGE AVENUE HANOVER IN 47243 MICHAEL BRUCE VP-BUSINESS AFFAIRS 2019-05-15 true NICOLE B FISHBACK P01279475 3173834000 2019-05-15 167.68.126.162 43033020190655000000 2019-03-06 P F85DF2753C8DA4EE4AAC47D9B7767FAEB1917ABC 104982D50B238D413EBFC1A0705D4A0BBFE125E3 2017 2019-02-21 02:37:17Z LAKE LAMBERT PRESIDENT 495 COLLEGE AVENUE HANOVER IN 47243 70212285 false X WWW.HANOVER.EDU X 1885 IN HANOVER COLLEGE IS AN INSTITUTION OF HIGHER EDUCATION THAT PROVIDES LIFELONG LEARNING OPPORTUNITIES IN MORE THAN 30 ACADEMIC DISCIPLINES. 37 35 889 36 -311216 -346075 2841649 2084529 47133607 50168416 2911084 3952149 30086 -94646 52916426 56110448 24352471 25767317 0 0 19641139 18922763 0 0 1413261 18978674 18918785 62972284 63608865 -10055858 -7498417 215251582 216600028 24984577 25221035 190267005 191378993 X SINCE ITS FOUNDING IN 1827, HANOVER COLLEGE HAS BEEN COMMITTED TO PROVIDING A TRUE LIBERAL ARTS EDUCATION. HANOVER COLLEGE OFFERS 31 MAJOR AREAS OF STUDY AS WELL AS THE OPPORTUNITY FOR STUDENTS TO SELF-DESIGN THEIR OWN MAJOR. HANOVER ALSO OFFERS SPECIALIZED CENTERS OF EXCELLENCE INCLUDING THE BUSINESS SCHOLARS PROGRAM AND HEALTH BIOMEDICAL SCIENCES PROGRAM. false false 51054915 25767317 40743499 COLLEGE: INSTRUCTIONAL SALARIES, STUDENT FINANCIAL AID AND OTHER COSTS WHICH ARE INCURRED TO PROVIDE EDUCATIONAL OPPORTUNITIES FOR THE STUDENTS. APPROXIMATELY 1,089 STUDENTS ATTENDED HANOVER DURING THE YEAR. 6067407 9424917 AUXILIARY ACTIVITIES: EXPENSES INCURRED FOR RESIDENTIAL HALLS, DINING HALL, CAMPUS CENTER AND VARIOUS ENTERPRISES WHICH PROVIDE GOODS AND SERVICES TO THE STUDENTS. 57122322 true true false false false false false true false true true true false true true false true false true false true false false false false false false false true true true false false false false false false false false false true true true false false true true false false false true 141 0 889 true true true false false false false false false false false false X 37 35 false false false false false false false true true false false false true true true true true true true false IN X HEATHER CHISM 8128667089 495 COLLEGE AVENUE HANOVER IN 47243 X DR LAKE LAMBERT III PRESIDENT 50.0 0.0 X X 305260 0 39559 MARK A LEVETT CHAIR 1.0 0.0 X X 0 0 0 ELAINE KOPS-BEDEL VICE CHAIR 1.0 0.0 X X 0 0 0 KENNETH L GLADISH SECRETARY 1.0 0.0 X X 0 0 0 JAMES JAMIE ANDERSON BOARD MEMBER 1.0 0.0 X 0 0 0 BETH BAYLOR BOARD MEMBER 1.0 0.0 X 0 0 0 JEFFREY A BLAIR BOARD MEMBER 1.0 0.0 X 0 0 0 DESA BUBNOVICH BOARD MEMBER 1.0 0.0 X 0 0 0 DAVID A CHROBACK BOARD MEMBER 1.0 0.0 X 0 0 0 D WADE CLAPP BOARD MEMBER 1.0 0.0 X 0 0 0 DIMA ELISSA BOARD MEMBER 1.0 0.0 X 0 0 0 SUSANNE TALMAGE ELLMAN BOARD MEMBER 1.0 0.0 X 0 0 0 LISA L FLEMING BOARD MEMBER 1.0 0.0 X 0 0 0 ISAAC KWAKU FOKUO JR BOARD MEMBER 1.0 0.0 X 0 0 0 MATTHEW P FORRESTER BOARD MEMBER 1.0 0.0 X 0 0 0 L JOHN GABLE BOARD MEMBER 1.0 0.0 X 0 0 0 MARK B GABRIEL BOARD MEMBER 1.0 0.0 X 0 0 0 KRISTINE RECTOR GLEASON BOARD MEMBER 1.0 0.0 X 0 0 0 ERIC A HAAS BOARD MEMBER 1.0 0.0 X 0 0 0 GERALD R JOHNSON BOARD MEMBER 1.0 0.0 X 0 0 0 PATRICIA TRICA STOCKTON HAGENAH BOARD MEMBER 1.0 0.0 X 0 0 0 WILEY KITE BOARD MEMBER 1.0 0.0 X 0 0 0 GEOFFREY R LORENZ BOARD MEMBER 1.0 0.0 X 0 0 0 GARY B MONTGOMERY BOARD MEMBER 1.0 0.0 X 0 0 0 MARK NICHOLS BOARD MEMBER 1.0 0.0 X 0 0 0 PHILIPPE PHIL SALSBERY BOARD MEMBER 1.0 0.0 X 0 0 0 RICHARD A SHEARER BOARD MEMBER 1.0 0.0 X 0 0 0 WILLIAM SHREWSBERRY JR BOARD MEMBER 1.0 0.0 X 0 0 0 STEPHEN K SMITH BOARD MEMBER 1.0 0.0 X 0 0 0 JAMES B STURGES BOARD MEMBER 1.0 0.0 X 0 0 0 JOHN C TRIMBLE BOARD MEMBER 1.0 0.0 X 0 0 0 JAMIESON JAMIE TURNER WEHMEYER BOARD MEMBER 1.0 0.0 X 0 0 0 CHRISTOPHER WELKER BOARD MEMBER 1.0 0.0 X 0 0 0 MARK I WILLIAMS BOARD MEMBER 1.0 0.0 X 0 0 0 SUE SEIFERT WILLIAMS BOARD MEMBER 1.0 0.0 X 0 0 0 GREGORY C WILLMAN BOARD MEMBER 1.0 0.0 X 0 0 0 MICHAEL B ZEDDIES BOARD MEMBER 1.0 0.0 X 0 0 0 MELBA RODRIGUEZ VP FOR ADVANCEMENT 50.0 0.0 X 169071 0 12001 J MICHAEL BRUCE VP FOR BUSINESS AFFAIRS 50.0 0.0 X 193444 0 25116 DEWAIN LEE VP FOR STUDENT AFFAIRS 50.0 0.0 X 132887 0 10442 STEVEN JOBE VP FOR ACADEMIC AFFAIRS 50.0 0.0 X 131532 0 20393 JONATHAN MILLER HEAD COACH MEN'S BASKETBALL 50.0 0.0 X 126320 0 19182 JOHN CARLETON RIDDICK ASSOC PROF-BUSINESS SCHOLARS 50.0 0.0 X 104055 0 16775 1162569 0 143468 7 false true false SODEXO INC AND AFFILIATES 10 EARHART DRIVE WILLIAMSVILLE NC 14221 CONTRACTOR 2317529 SBM MANAGEMENT SERVICES 5241 ARNOLD AVENUE MCCLELLAN CA 95652 CONTRACTOR 765670 DAVE OMARA CONTRACTOR INC 1100 E O M AVENUE NORTH VERNON IN 47265 CONTRACTOR 500376 DWC RESTORATION INC 1052 GREENWOOD SPRINGS BLVD SUITE D GREENWOOD IN 46143 CONTRACTOR 493379 REPP AND MUNDT INC 1604 COTTAGE AVENUE COLUMBUS IN 472020368 CONTRACTOR 210419 9 1150 2083379 491824 2084529 STUDENT FEES AND TUITION 611600 39319329 39319329 DINING HALL/SNACKS 611600 3880579 3880579 RESIDENCES 611600 5120080 5120080 COLLEGE STORE 611600 47123 47123 SUMMER CONFERENCES 611600 163943 163943 1637362 1637362 50168416 3184685 -334634 3519319 0 0 0 0 0 14745113 13977649 767464 767464 767464 6124 1150 124188 -118064 -118064 0 0 0 0 0 0 HORNER CENTER MEMBERSHIPS 713940 23418 23418 23418 56110448 50168416 -311216 4168719 0 25767317 25767317 0 0 744451 268002 193558 282891 0 14317645 12774323 1022097 521225 983896 840916 93350 49630 1837319 1618346 118881 100092 1039452 909780 74807 54865 0 114053 12111 101942 93556 93556 0 0 2599603 2599603 1926734 1651720 220403 54611 260166 201196 15290 43680 1239462 1122446 24841 92175 120766 63244 11525 45997 0 2161603 2045677 88310 27616 1526609 1383831 77919 64859 0 91755 77529 9783 4443 959265 932154 24476 2635 0 3776264 3526569 224374 25321 582921 498989 78449 5483 STUDENT MEAL PLANS 1997409 1997409 OFF CAMPUS STUDY FEES 345133 345133 UNIFORMS 59229 59043 118 68 RECRUITING 77789 77789 986468 948798 37670 63608865 57122322 5073282 1413261 7102 6173 2995034 10675217 1481635 951290 1739029 301126 0 0 0 0 191604 179604 0 0 795262 759579 132341441 75577179 57795397 56764262 3504341 623890 134857434 134112015 0 0 0 0 11884744 12226872 215251582 216600028 2504009 2606107 0 0 1095004 2329790 18880308 13864662 0 0 0 0 273682 4148122 0 0 2231574 2272354 24984577 25221035 X 82264238 82446221 14118319 14019770 93884448 94913002 190267005 191378993 215251582 216600028 -7498417 8610405 X false true X true true true X 1155976 X X X X false 142055184 856380 11731849 8477069 2559603 143606741 136170828 708557 17928714 1536582 8665988 2550345 142055184 149372264 368218 -3596544 7369835 2603275 136170828 151105668 926168 8511094 8526874 2643792 149372264 136789516 2867058 22709563 8983506 2276963 151105668 0.21580 0.66010 0.12410 true false 1087652 1087652 103559587 54885465 48674122 11904890 10015574 1889316 15789312 10676140 5113172 56764262 ALTERNATIVE INVESTMENTS 134112015 F 134112015 INSURANCE 198157 PERPETUAL TRUSTS 10897953 REMAINDER TRUST 1130762 12226872 0 ANNUITIES PAYABLE 2272354 2272354 36478121 8610405 124188 8734593 27743528 2599603 25767317 28366920 56110448 35366133 124188 124188 35241945 2599603 25767317 28366920 63608865 SCHEDULE D, PART III, LINE 4 DESCRIPTION OF COLLECTIONS AND FURTHERANCE OF EXEMPT PURPOSE: ARTWORK IS DISPLAYED ACROSS CAMPUS IN THE ART GALLERY. BOOKS ARE USED FOR STUDENTS, FACULTY, AND STAFF TO ASSIST IN PROVIDING EDUCATION. SCHEDULE D, PART V, LINE 4 INTENDED USES OF THE ORGANIZATION'S ENDOWMENT FUNDS: HANOVER'S ENDOWMENT FUNDS PROMOTE THE OVERALL MISSION OF EDUCATING STUDENTS. SPECIFIC EXAMPLES INCLUDE: SCHOLARSHIPS, STUDY ABROAD, LECTURESHIPS, LIBRARY AND VARIOUS FIELDS OF STUDY. HOWEVER, A LARGE PORTION OF HANOVER'S ENDOWMENT IS FOR GENERAL PURPOSES. THIS PROVIDES THE COLLEGE WITH THE FLEXIBILITY TO DIVERT FUNDS WHERE THEY ARE NEEDED THE MOST. DURING 2013, THE COLLEGE REVISED THE ENDOWMENT DISCLOSURE TO INCLUDE ALL FUNDS FUNCTIONING AS ENDOWMENTS RATHER THAN JUST THOSE FUNDS ESTABLISHED AS ENDOWMENTS BY DONORS. SCHEDULE D, PART X ASC 740 DISCLOSURE: 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, PART XI, LINE 2D OTHER RECONCILING ITEM: $ 124,188 SPECIAL EVENTS EXPENSE SCHEDULE D, PART XI, LINE 4B OTHER RECONCILING ITEM: $ 25,767,317 SCHOLARSHIPS SCHEDULE D, PART XII, LINE 2D OTHER RECONCILING ITEM: $ 124,188 SPECIAL EVENTS EXPENSE SCHEDULE D, PART XII, LINE 4B OTHER RECONCILING ITEM: $ 25,767,317 SCHOLARSHIPS true true true true true true true false false false false false false false false true false true SCHEDULE E, PART I, LINE 3 PUBLICATION OF RACIALLY NONDISCRIMINATORY POLICY: HANOVER COLLEGE DOES NOT DISCRIMINATE ON THE BASIS OF RACE, CREED, COLOR, SEX, AGE, NATIONAL AND ETHNIC ORIGIN, OR ON THE BASIS OF PHYSICAL HANDICAPS IN ITS ADMISSION AND EDUCATIONAL POLICIES, STUDENT FINANCIAL PROGRAMS AND OTHER PROGRAMS. THIS IS PUBLISHED IN NEWSPAPERS AND ONLINE ADVERTISEMENTS. SCHEDULE E, PART I, LINE 6A FINANCIAL AID OR ASSISTANCE RECEIVED FROM A GOVERNMENTAL AGENCY: THE ORGANIZATION RECEIVES PELL GRANTS AND WORK STUDY FUNDS FROM THE FEDERAL GOVERNMENT. IN ADDITION, THE ORGANIZATION ALSO RECEIVES GRANTS FROM THE STATE OF INDIANA WHICH INCLUDE HIGHER EDUCATION, 21ST CENTURY, ROBERT BYRD, FREEDOM OF CHOICE, AND HOOSIER SCHOLARSHIPS AND/OR GRANTS. true Central America and the Caribbean 1 Program Services RECRUITING 13211 EAST ASIA AND THE PACIFIC 1 Program Services RECRUITING 29673 Central America and the Caribbean Investments N/A 1340709 2 2 1383593 1383593 true false true true false false SCHEDULE F, PART I, LINE 2 FINANCIAL AID OR ASSISTANCE RECEIVED FROM A GOVERNMENTAL AGENCY: THE ORGANIZATION RECEIVES PELL GRANTS AND WORK STUDY FUNDS FROM THE FEDERAL GOVERNMENT. IN ADDITION, THE ORGANIZATION ALSO RECEIVES GRANTS FROM THE STATE OF INDIANA WHICH INCLUDE HIGHER EDUCATION, 21ST CENTURY, ROBERT BYRD, FREEDOM OF CHOICE, AND HOOSIER SCHOLARSHIPS AND/OR GRANTS. true SCHOLARSHIPS/FINANCIAL AID 1103 25767317 SCHEDULE I, PART I, LINE 2 PROCEDURES FOR MONITORING THE USE OF GRANT FUNDS: HANOVER COLLEGE ONLY AWARDS INSTITUTIONAL AND PRIVATELY FUNDED FINANCIAL AID AWARDS AS ASSISTANCE FOR STUDENTS BASED ON A CASE-BY-CASE BASIS, BASED ON MERIT, NEED AND EXTRACURRICULAR ACTIVITIES. IN DOING SO THE COLLEGE'S FINANCIAL AID DEPARTMENT ADHERES STRICTLY TO ALL FEDERAL AND STATE REGULATIONS AND IS SUBJECT TO THE COMPLIANCE AND INTERNAL CONTROL REQUIREMENTS OF 0MB-A133, IN WHICH THEY FOLLOW ALL APPLICABLE GUIDELINES. X true true X X X false false false false false false false false false DR LAKE LAMBERT III PRESIDENT 305260 0 0 0 0 0 25422 0 14137 0 344819 0 0 0 STEVEN JOBE VP FOR ACADEMIC AFFAIRS 131532 0 0 0 0 0 10895 0 9498 0 151925 0 0 0 MELBA RODRIGUEZ VP FOR ADVANCEMENT 169071 0 0 0 0 0 6900 0 5101 0 181072 0 0 0 J MICHAEL BRUCE VP FOR BUSINESS AFFAIRS 193444 0 0 0 0 0 15975 0 9141 0 218560 0 0 0 SCHEDULE J, PART I, LINE 1A HOUSING ALLOWANCE OR RESIDENCE FOR PERSONAL USE: HANOVER COLLEGE PROVIDES A RESIDENCE FOR DR. LAKE LAMBERT, THE COLLEGE'S PRESIDENT. THE RESIDENCE IS FURNISHED FOR THE CONVENIENCE OF HANOVER COLLEGE. DR. LAMBERT IS REQUIRED TO LIVE IN THE RESIDENCE AS A CONDITION OF HIS EMPLOYMENT, AND THE RESIDENCE IS CONTIGUOUS TO HANOVER'S CAMPUS. DR. LAMBERT IS ALSO PROVIDED WITH A FLEET CAR TO USE FOR BUSINESS PURPOSES. A INDIANA FINANCE AUTHORITY 351602316 45506DHMO 2013-04-19 18029643 RENOVATION/UPDATED SYSTEMS false false false A 810000 0 18029523 0 0 0 220487 0 0 4903347 12905689 0 2014 true true true true A false false false false 0 false false false true A false true false false 0 false 0 false true A true PART I, LINE A, COLUMN (A) ISSUER NAME: THE FULL NAME IS INDIANA HEALTH AND EDUCATIONAL FACILITY FINANCING AUTHORITY. PART I, LINE B, COLUMN (F) DESCRIPTION OF PURPOSE: RENOVATION/UPDATED SYSTEMS FOR UNIVERSITY PURPOSES, REFUND BONDS ISSUED ON 4/15/2014. MAINSTREAM FIBER NETWORKS LLC SON OF BOARD MEMBER 257475 WIRELESS NETWORK UPDATES false Schedule L, Part IV BUSINESS TRANSCATIONS INVOLVING INTERESTED PERSONS: HANOVER COLLEGE ENTERED INTO A BUSINESS TRANSCATION WITH MAINSTREAM FIBER NETWORKS, LLC, THE COMPANY OF A BOARD MEMBER'S SON (MARK GABRIEL). THE PROJECT OF UPDATING WIRELESS NETWORKS WAS PUT OUT TO BID AND HIS COMPANY PROVIDED THE BEST RATE. IT IS PROCEDURE, IN SITUATIONS WHERE SEVERAL BIDS ARE RECEIVED, TO SELECT THE COMPANY WHICH PROVIDED THE LOWEST BID. X 2 2 FAIR MARKET VALUE X 1 66592 APPRAISAL X 1570 FAIR MARKET VALUE X 20 364572 FAIR MARKET VALUE X 1 12788 FAIR MARKET VALUE X 1 46300 APPRAISAL X TECHNOLOGY 1 35100 FAIR MARKET VALUE false true false FORM 990, PART VI, SECTION B, LINE 11B PROCESS TO REVIEW FORM 990: THE 990 IS FIRST REVIEWED BY THE CONTROLLER AND THEN BY THE VP FOR BUSINESS AFFAIRS. THE 990 WILL THEN GO TO THE FINANCE COMMITTEE OF THE BOARD OF TRUSTEES FOR FINAL REVIEW AND THEN TO THE FULL BOARD OF TRUSTEES FOR FINAL APPROVAL. THE 990 REVIEWED BY THE BOARD OF TRUSTEES DOES NOT LIST THE DONORS' NAMES, BUT THEY CAN REQUEST TO SEE THE COPY LISTING THE DONORS. IN ADDITION, THE ORGANIZATION'S ACCOUNTING FIRM REVIEWS THE FORM 990 PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C MONITORING & ENFORCEMENT OF COMPLIANCE WITH CONFLICT OF INTEREST POLICY: THE CONFLICT OF INTEREST POLICY IS SIGNED ANNUALLY BY THE BOARD OF TRUSTEES, REVIEWED BY THE PRESIDENT, AND THE COPIES ARE KEPT ON FILE IN THE PRESIDENT'S OFFICE. IF A CONFLICT IS FOUND, THE INTERESTED PERSON SHALL NOT BE PRESENT OR PARTICIPATE IN THE VOTE ON WHETHER TO ENTER INTO SUCH TRANSACTION WITH THE INTERESTED PERSON, BUT MAY BE COUNTED FOR PURPOSES OF DETERMINING THE EXISTENCE OF A QUORUM. IF THE INTERESTED PERSON IS COUNTED FOR QUORUM PURPOSES, THE ACTION MUST BE APPROVED BY A SUFFICIENT NUMBER OF VOTES BASED UPON THAT QUORUM. FOR EXAMPLE, IF A MAJORITY VOTE OF THE QUORUM IS REQUIRED TO APPROVE AN ACTION, AND EIGHT (8) TRUSTEES CONSTITUTE A QUORUM, THE ACTION MUST BE APPROVED BY FIVE (5) OF THE SEVEN (7) DISINTERESTED TRUSTEES VOTING ON THE TRANSACTION OR ARRANGEMENT. FORM 990, PART VI, SECTION B, LINE 15A & 15B PROCESS TO DETERMINE PRESIDENT AND OFFICER COMPENSATION: THE PRESIDENT'S COMPENSATION IS REVIEWED BY THE BOARD OF TRUSTEES EVERY TWO YEARS AND DOCUMENTED IN THE BOARD MINUTES. DR. LAKE LAMBERT BEGAN JULY 1, 2015. REVIEW WAS GIVEN IN 2017. COMPENSATION DID NOT CHANGE IN 2017. THE PRESIDENT COMPLETES THE COMPENSATION REVIEWS FOR EACH OF THE OFFICERS AND KEEPS THE REVIEWS ON FILE IN THE PRESIDENTS OFFICE. THE OFFICER'S COMPENSATION WAS LAST REVIEWED IN THE SUMMER OF 2018. THE POLICY ENCOURAGES THE APPLICATION OF THE REBUTTABLE PRESUMPTION STANDARD OF CODE SECTION 4958 AND THE RELATED TREASURY REGULATIONS BY (A) EXCLUDING ANY INTERESTED PARTY FROM THE DECISION-MAKING PROCESS; (B) REQUIRING DISINTERESTED BOARD OR COMMITTEE MEMBERS TO OBTAIN AND RELY UPON COMPARABILITY DATA WHEN SETTING THE PROPOSED COMPENSATION TERMS; (C) REQUIRING APPROVAL OF THE TRANSACTION IN ADVANCE BY DISINTERESTED DIRECTORS OR COMMITTEE MEMBERS; AND (D) REQUIRING CONTEMPORANEOUS DOCUMENTATION (I.E., MINUTES) REFLECTING THE DECISION AND THE PROCESS BY WHICH IT WAS MADE. FORM 990, PART VI, SECTION C, LINE 19 AVAILABILITY OF GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, & FS: THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. A COPY OF THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE ALSO KEPT IN THE LIBRARY FOR PUBLIC INSPECTION. OLD MILL LLC 495 COLLEGE AVENUE HANOVER IN 47243 351920556 CATERING IN 6660 1000 HANOVER COLL HANOVER EDUCATIONAL PROPERTIES LLC 517 BALL DRIVE HANOVER IN 47243 822783360 CHARITABLE IN 0 0 HANOVER COLL INDEPENDENT COLLEGES OF INDIANA 30 SOUTH MERIDIAN STREET INDIANAPOLI IN 46204 310901001 EDU SUPPORT IN 501(C)3 12A TYPE I NA false CHARITABLE REMAINDER TRUSTS (2) TRUST IN NA TRUST false false true false false false false false false false false false false false false false false false false