2018-11-13T08:32:29-06:00 2018-06-30 BKD LLP 200 E Main St Suite 700 Fort Wayne IN 46802 990 2017-07-01 350885591 INDIANA WESLEYAN UNIVERSITY % NANCY SCHOONMAKER INDI 7656772947 4201 S WASHINGTON STREET MARION IN 46953 NANCY SCHOONMAKER CFO 7656772947 2018-11-15 true Lauren R Denton P01571860 2604604000 167.68.126.162 35027420183175000005 2018-11-13 P F560D4A486E1B6265A73BA7576EDA83A4C287CC2 62666A503A81B2947B682265DE4EC8DF4B46B90C 2017 2019-02-21 02:37:17Z NANCY SCHOONMAKER 4201 S WASHINGTON STREET MARION IN 46953 260727556 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 24 4972 11 177054 152136 15183310 15413766 201140717 205543164 4109169 4530024 -270914 -387212 220162282 225099742 32021744 33990909 0 0 103690908 106851935 280071 160389 2444008 80910237 75160367 216902960 216163600 3259322 8936142 498667818 512243031 58667659 56113062 440000159 456129969 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 194158258 33990909 205543164 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. 194158258 true true false false false false false false false true true false false false true false false true true true true false false true true false false true true true true false false false false false false true false true true true false false false true true true true false false true 428 0 4972 true true true false false false false true true true 2 false false false X 32 24 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 PRESIDENT 40.0 0.0 X X 246215 0 90970 PAUL ANTHES TRUSTEE 1.0 0.0 X 0 0 0 SANTES BEATTY TRUSTEE 1.0 0.0 X 0 0 0 DON CADY TRUSTEE 1.0 0.0 X 0 0 0 DAN BICKEL TRUSTEE 1.0 0.0 X 0 0 0 NANCY CAMPBELL TRUSTEE 1.0 0.0 X 0 0 0 MICHAEL CARMICHAEL TRUSTEE 1.0 0.0 X 0 0 0 CHRIS CONRAD TRUSTEE 1.0 0.0 X 0 0 0 SHAWN COSSIN TRUSTEE 1.0 0.0 X 0 0 0 STEVE DENEFF TRUSTEE 1.0 0.0 X 0 0 0 DAVID DIMMICH TRUSTEE 1.0 0.0 X 0 0 0 MARK ECKART TRUSTEE 1.0 0.0 X 0 0 0 STEVEN EDMONDSON TRUSTEE 1.0 0.0 X 0 0 0 SHARON EPPS TRUSTEE 1.0 0.0 X 0 0 0 CONNIE ERPELDING TRUSTEE 1.0 0.0 X 0 0 0 RYAN FRANK TRUSTEE 1.0 0.0 X 0 0 0 JEFF FREEMAN TRUSTEE 1.0 0.0 X 0 0 0 MARK GORVEATTE TRUSTEE 1.0 0.0 X 0 0 0 BRIAN HARLOW TRUSTEE 1.0 0.0 X 0 0 0 BARRY HINES TRUSTEE 1.0 0.0 X 0 0 0 NATHAN HOOVER TRUSTEE 1.0 0.0 X 0 0 0 SANTIAGO JARAMILLO TRUSTEE 1.0 0.0 X 0 0 0 EVAN LONGSTRETH TRUSTEE 1.0 0.0 X 0 0 0 MARK MEEKS TRUSTEE 1.0 0.0 X 0 0 0 KEVIN MYERS TRUSTEE 1.0 0.0 X 0 0 0 DON OTT TRUSTEE 1.0 0.0 X 0 0 0 GARY OTT TRUSTEE 1.0 0.0 X 0 0 0 JAMES POORE TRUSTEE 1.0 0.0 X 0 0 0 PETRA RAY TRUSTEE 1.0 0.0 X 0 0 0 TOM SCHMIDT TRUSTEE 1.0 0.0 X 0 0 0 CARL SHEPHERD TRUSTEE 1.0 0.0 X 0 0 0 DALE SLOAN TRUSTEE 1.0 0.0 X 0 0 0 NANCY SCHOONMAKER CFO - VICE PRESIDENT OF BUSINE 40.0 0.0 X 141058 0 62459 AUDREY HAHN CHANCELLOR OF NATIONAL AND GLO 40.0 0.0 X 161080 0 25654 COLLEEN DERR PRESIDENT OF SEMINARY 40.0 0.0 X 108077 0 34346 STACY HAMMONS PROVOST 40.0 0.0 X 151840 0 24022 MARTIN RICE DEAN OF HEALTH & HUMAN SCIENCE 40.0 0.0 X 135531 0 40470 DUANE KILTY ASSOCIATE PROF/SCHOLAR-IN-RESI 40.0 0.0 X 163073 0 24916 R DAVID ROSE VP OF ENROLLMENT MANAGEMENT & 40.0 0.0 X 135788 0 33940 1242662 0 336777 29 false true false NCS PEARSON INC 21866 NETWORK PL CHICAGO IL 60673 LEARNING MANAGEMENT 4429373 PIONEER COLLEGE CATERERS 303 GLENROSE AVENUE NASHVILLE TN 37210 FOOD SERVICE 4826131 WEIGAND CONSTRUCTION CO INC 7808 HONEYWELL DR FORT WAYNE IN 46825 CONSTRUCTION 10899125 DARBY CONSULTING 800 TOWN AND COUNTRY BLVD HOUSTON TX 77024 INFORMATION TECH 858043 RUFFALO NOEL LEVITZ PO BOX 718 DES MOINES IA 50303 ENROLLMENT/FIN AID 836091 46 19530 2578794 1558827 11256615 394289 15413766 TUITION AND FEES 900099 178367861 178367861 FOOD SERVICE 451211 9756770 9756770 RESIDENCE HALLS 721310 10380335 10380335 CONFERENCES 721310 2127187 2127187 BOOKSTORE 900099 1265964 1265964 3645047 3645047 205543164 4354773 177054 4177719 0 0 495436 879369 -383933 0 -383933 -383933 34909899 34734648 175251 175251 175251 10518 19530 13797 -3279 -3279 0 0 0 0 0 0 0 225099742 205543164 177054 3965758 70990 70990 33919919 33919919 0 0 678663 597902 71938 8823 0 78769184 69395651 8349534 1023999 5461604 4811672 578930 71002 16577010 14604346 1757163 215501 5365474 4726983 568740 69751 0 95764 84368 10151 1245 74950 66031 7945 974 0 160389 160389 941057 941057 1605868 1414770 170222 20876 17720168 15611468 1878338 230362 4389508 3867156 465288 57064 7099701 6254837 752568 92296 0 5648402 4871597 691944 84861 1655006 1458060 175431 21515 0 739963 651907 78436 9620 586980 517129 62220 7631 0 12973953 11430053 1375239 168661 885782 780374 93893 11515 FOOD SERVICE 4498705 4498705 PROFESSIONAL DEVELOPMENT 1971690 1737059 208999 25632 IWU SUBSIDIARIES 2347322 2067991 248816 30515 UNCOLLECTIBLE ACCOUNTS 1788929 1788929 10136619 8930361 1074482 131776 216163600 194158258 19561334 2444008 397184 20132 7306121 10260171 5242223 7820445 13087706 12038055 0 0 0 0 8637836 8240308 135610 33804 2025439 2847432 407427536 134310844 275840039 273116692 180034068 191743155 0 0 0 0 0 0 5961592 6122837 498667818 512243031 27342123 25134194 0 0 5841547 5486850 14908562 14928881 0 0 0 0 0 0 0 0 10575427 10563137 58667659 56113062 X 362786886 373440557 27088915 28509902 50124358 54179510 440000159 456129969 498667818 512243031 X 8936142 10766256 -3572588 X false true X true true true X 166785949 14592218 14637212 5204816 190810563 146838068 6226436 18679849 4958404 166785949 145985049 9375236 -3622176 4900041 146838068 138534804 10568354 264795 3382904 145985049 107315991 15959410 17624735 2365332 138534804 0.61400 0.27900 0.10700 true false 23656148 23656148 340849969 110906754 229943216 0 38579337 23404090 16175246 3342082 0 3342082 273116692 0 REFUNDABLE DEPOSITS & SECURITY 674708 ACCUM POSTRETIREMENT BENEFITS 1211369 ANNUITY PAYMENT LIABILITY 2067280 FEDERAL ADVANCE FOR STUDENT LO 5360083 TRUST LIABILITIES 537934 CAPITAL LEASE OBLIGATIONS 711763 10563137 202839245 10766256 893166 11659422 191179823 33919919 33919919 225099742 183136847 893166 893166 182243681 33919919 33919919 216163600 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 $879,369 FUNDRAISING EXPENSE $ 13,797 TOTAL: $893,166 LINE 4B SCHOLARSHIPS $33,919,919 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. 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 1 PROGRAM SERVICES ACADEMIC/MISSION TRIP 24920 SUB-SAHARAN AFRICA PROGRAM SERVICES ACADEMIC/MISSION TRIP 113802 Europe (Including Iceland and Greenland) PROGRAM SERVICES ACADEMIC/MISSION TRIP 395660 South Asia PROGRAM SERVICES ACADEMIC/MISSION TRIP 3235 Central America and the Caribbean PROGRAM SERVICES ACADEMIC/MISSION TRIP 50955 Middle East and North Africa PROGRAM SERVICES ACADEMIC/MISSION TRIP 140557 South America PROGRAM SERVICES ACADEMIC/MISSION TRIP 16592 Europe (Including Iceland and Greenland) PROGRAM SERVICES FINANCIAL AID 16000 East Asia and the Pacific 1 PROGRAM SERVICES PROGRAM EXPENSES 1411411 2 2 2173132 2173132 false false false false false false X X X X X X true JOHNSON GROSSNICKLE ASSOCIATES FEASIBILITY STUDY false 84581 CAYLOR SOLUTIONS CONSULTING false 67650 152231 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 30048 19530 10518 13797 0 30048 19530 10518 13797 13797 -3279 true FAMILY SERVICE SOCIETY 101 SOUTH WASHINGTON ST MARION IN 46952 350868083 501(C)(3) 10000 OPERATING SUPPORT BOYS AND GIRLS CLUB 3402 S MERIDIAN ST MARION IN 46952 351065247 501(C)(3) 8000 OPERATING SUPPORT COMMUNITY FOUNDATION 505 WEST 3RD STREET MARION IN 46952 311117791 501(C)(3) 17450 OPERATING SUPPORT UNITED WAY OF GRANT COUNTY PO BOX 61 MARION IN 46952 350995975 501(C)(3) 15000 OPERATING SUPPORT GRACE HOUSE FOR RECOVERY PO BOX 284 MARION IN 46952 352157300 501(C)(3) 8040 OPERATING SUPPORT PROJECT LEADERSHIP 118 W 25TH ST MARION IN 46952 453577728 501(C)(3) 12500 OPERATING SUPPORT 6 SCHOLARSHIPS 2890 33919919 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 PRESIDENT 243441 0 0 0 2774 0 25500 0 65470 0 337185 0 NANCY SCHOONMAKER CFO - VICE PRESIDENT OF BUSINE 140372 0 0 0 686 0 14917 0 47542 0 203517 0 STACY HAMMONS PROVOST 150650 0 0 0 1190 0 15075 0 8947 0 175862 0 MARTIN RICE DEAN OF HEALTH & HUMAN SCIENCE 134864 0 0 0 667 0 14566 0 25904 0 176001 0 DUANE KILTY ASSOCIATE PROF/SCHOLAR-IN-RESI 158158 0 0 0 4915 0 8246 0 16670 0 187989 0 R DAVID ROSE VP OF ENROLLMENT MANAGEMENT & 134593 0 0 0 1195 0 14070 0 19870 0 169728 0 AUDREY HAHN CHANCELLOR OF NATIONAL AND GLO 158447 0 0 0 2633 0 15962 0 9692 0 186734 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 SCHEDULE K, PART IV, LINE 2C THE FILING OF FORM 8038-T SHOULD BE HANDLED BY THE CITY OF MARION, WHO IS THE ISSUER OF THE BOND. 22980 TUITION REMISSION EDUCATIONAL 78320 SCHOLARSHIPS EDUCATIONAL PAUL ANTHES TRUSTEES 169011 INVESTMENT FEES false GARY OTT TRUSTEE 2524436 LEASE false JERRY SHEPHERD BOTHER OF CARL SHEPHERD 90684 COMPENSATED BY IWU false RYAN SHEPHERD SON OF CARL SHEPHERD 40351 COMPENSATED BY IWU false SUBSTANTIAL CONTRIBUTOR SUBSTANTIAL CONTRIBUTOR 4826131 INDEPENDENT CONTRACTOR false SUBSTANTIAL CONTRIBUTOR SUBSTANTIAL CONTRIBUTOR 10899125 INDEPENDENT CONTRACTOR false PART IV Paul Anthes serves as President of Financial Advisory Corporation (FAC) and serves as Secretary of 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, A TRUSTEE OF INDIANA WESLEYAN UNIVERSITY, HAS TWO FAMILY MEMBERS WHO ARE EMPLOYED BY THE UNIVERSITY. X 2 140000 APPRAISAL X 1 82575 APPRAISAL X FLAGPOLES 1 6671 APPRAISAL X ANNUITIES 3 141543 FMV X VINYL RECORDS 3 23500 APPRAISAL 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, CARL SHEPHERD, MARK MEEKS, DON OTT, MARK GORVEATTE, AND SHAWN COSSIN ARE NON-INDEPENDENT DUE TO INFORMATION DISCLOSED ON SCHEDULE L. UNIVERSITY PRESIDENT, DAVID WRIGHT, IS NON-INDEPENDENT BECAUSE HE IS A COMPENSATED EMPLOYEE OF IWU. FORM 990, PART VI, SECTION A, LINE 2 DAN BICKEL AND NATHAN HOOVER 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 EXCHANGE RATE GAIN ON CONTRIBUTIONS 57,541 CHANGE IN VALUE OF SPLIT-INTEREST AGREEMENTS (196,933) DISPOSITION OF EXCELSIA (3,616,387) CHANGE IN BENEFICIAL INTEREST IN PERPETUAL TRUSTS 183,192 TOTAL: (3,572,588) IWU HOLDINGS LLC 4201 S WASHINGTON ST MARION IN 46936 471041098 EDUCATION IN 502997 IWU RON BLUE INST FOR FINANCIAL PLANNING 4201 S WASHINGTON ST MARION IN 46953 473753426 EDUCATION IN 1302019 420033 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 EXCELSIA INC 4200 SOUTH WASHINGTON STREET MARION IN 46953 813027493 SUPPORT IN 501(C)(3) 12A IWUH true CRT (3) 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 RETIREMENT CENTER C 1258172 CASH WESLEYAN CHURCH CORPORATION C 1320622 CASH