2018-05-15T16:04:52-05:00 2017-06-30 421029744 TD&T CPAS AND ADVISORS PC 317 HIGH AVE E OSKALOOSA IA 525772823 990 2016-07-01 420707120 WILLIAM PENN UNIVERSITY WILL 6416731001 201 TRUEBLOOD AVE OSKALOOSA IA 52577 BONNIE L JOHNSON VP OF FINANCE 6416731001 2018-05-15 true DARCEE M AYERS CPA P00498801 6416722523 2018-05-15 2016 2022-09-23 18:48:47Z JOHN OTTOSSON NORTH MARKET AND TRUEBLOOD AVE OSKALOOSA IA 52577 36170632 false X WWW.WMPENN.EDU X 1873 IA WILLIAM PENN UNIVERSITY PROVIDES THE OPPORTUNITY FOR AN EDUCATIONAL EXPERIENCE WITH A FOCUS ON LEADERSHIP, TECHNOLOGY, AND THE QUAKER PRINCIPLES OF SIMPLICITY, PEACE-MAKING, INTERGRITY, COMMUNITY AND EQUALITY. 21 19 842 50 -112861 -112861 7484179 5935296 32593737 30147627 87269 7936 -100303 -75473 40064882 36015386 15125500 14252688 0 11044721 11052170 0 646896 13246376 10706984 39416597 36011842 648285 3544 78339126 78768416 56150544 56224996 22188582 22543420 WILLIAM PENN UNIVERSITY PROVIDES THE OPPORTUNITY FOR AN EDUCATIONAL EXPERIENCE WITH A FOCUS ON LEADERSHIP, TECHNOLOGY, AND THE QUAKER PRINCIPLES OF SIMPLICITY, PEACE-MAKING, INTERGRITY, COMMUNITY AND EQUALITY. false false 22424458 14252688 26578671 INSTRUCTION AND ACADEMIC SUPPORT PROVIDED TO 1,730 FULL AND PART-TIME STUDENTS. ALSO PROVIDED SCHOLARSHIPS AND GRANTS TO STUDENTS. 3605174 3360293 QUALITY FOOD SERVICES PROVIDED AT REASONABLE COST TO STUDENTS, FACULTY AND STAFF. SUPPORT AND MAINTENANCE OF STUDENT DORMITORIES ON CAMPUS, INCLUDING STAFFING RESIDENT ADVISORS AND VENDING SERVICES FOR STUDENTS. 4817078 208663 STUDENTS SERVICES, INCLUDING STUDENT DEVELOPMENT, ACADEMIC AND CAREER COUNSELING, INTERCOLLEGIATE ATHLETICS, FINANCIAL ASSISTANCE AND OTHER SERVICES, WAS PROVIDED TO 1,730 FULL AND PART TIME STUDENTS. COST OF SALES, SUPPORT AND MAINTENANCE OF CAMPUS BOOKSTORE FOR STUDENTS, FACULTY AND STAFF. 30846710 true true false true false false false true false true true false false true true true true false true false false false false false false false false false true true false false false true false false false true false false false false true true true true false false true 62 0 true 842 true true true false false false false true true false false false false X 21 19 true false false false false false false true true false false false true true true true true true true false X BONNIE JOHNSON 6416731001 NORTH MARKET AND TRUEBLOOD AVENUE OSKALOOSA IA 52577 DAVID AHMAD TRUSTEE 2.00 X 0 0 0 JOE P CROOKHAM VICE CHAIRMA 2.00 X X 0 0 0 RITA DAVIS TRUSTEE 2.00 X 0 0 0 KAYE DELANGE TRUSTEE 2.00 X 0 0 0 ANGELLA DURIAN-GAMBELL SECRETARY 2.00 X X 48505 0 15576 JERRY N ELLIS CHAIRMAN 2.00 X X 0 0 0 TOM FRANKS TRUSTEE 2.00 X 0 0 0 GREG HARRIS TRUSTEE 2.00 X 0 0 0 CHRIS HYLAND TRUSTEE 2.00 X 0 0 0 BERRY JOHNSON TRUSTEE 2.00 X 0 0 0 IRVING JONES JOINED OCT 2016 TRUSTEE 2.00 X 0 0 0 REGINALD MARTIN TRUSTEE 2.00 X 0 0 0 RUTH NEUBERT TRUSTEE 2.00 X 0 0 0 ERIC JON NICHOLS TRUSTEE 2.00 X 0 0 0 JOHN OTTOSSON PRESIDENT 40.00 X X 175874 0 15587 SAMUEL H RITCHIE TRUSTEE 2.00 X 0 0 0 ROBERT SCHULTZE TRUSTEE 2.00 X 0 0 0 TOM SHOWALTER TRUSTEE 2.00 X 0 0 0 MARGARET STOLTZFUS TRUSTEE 2.00 X 0 0 0 ROBERT TALBOT JOINED OCT 2016 TRUSTEE 2.00 X 0 0 0 GUY VANDER LINDEN TRUSTEE 2.00 X 0 0 0 NOEL STAHLE VP OF ACADEM 40.00 X 115806 0 9413 BONNIE L JOHNSON VP OF FINANC 40.00 X 128683 0 15816 468868 56392 3 false true false SODEXO SERVICES 4880 PAYSPHERE CIRCLE CHICAGO IL 60674 FOOD SERVICE 1346463 MG MASONRY INC 107 N TAYLOR ST MONROE IA 50170 MASONRY WORK 110360 2 204577 330361 5400358 24214 5935296 STUDENT TUITION AND FEES 611600 26578671 26578671 BOARD 721310 1801874 1801874 ROOM 611710 1558419 1558419 OTHER PROGRAM INCOME 722210 155274 155274 BOOKS AND OTHER SUPPLIES 451211 53389 53389 30147627 7936 7936 8870 8870 70903 155246 -84343 -84343 -112861 28518 36015386 26578671 -112861 3614280 14252688 14252688 403989 403989 8574138 7484471 846722 242945 184016 65151 97315 21550 1266594 441943 678467 146184 623433 210407 343428 69598 11559 11559 83585 83585 513261 432349 80912 302602 26826 275776 63516 45230 13241 5045 932709 872817 50800 9092 528680 457045 49818 21817 2670 2670 1614318 1546958 51217 16143 1513165 1452638 45395 15132 447187 447187 FOOD SERVICE CONTRACT 1460503 1460503 SUPPLIES 954184 744074 161103 49007 BAD DEBTS EXPENSE 747929 5184 742745 CONTRACT SERVICES 567013 124705 429540 12768 964103 773864 152624 37615 36011842 30846710 4518236 646896 628645 700936 1983648 2565968 1124438 949487 3348501 3715839 999308 968230 80046303 27558843 52961650 52487460 1806164 2064294 410000 410000 15076772 14906202 78339126 78768416 3220201 3138674 920545 984487 1730000 50432813 48773975 24200 24200 1552785 1573660 56150544 56224996 X 4281977 4798745 10326934 10103850 7579671 7640825 22188582 22543420 78339126 78768416 3544 421327 -70033 X false true X true true true X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false false false false false true 1812 false false false 1812 false 3043375 X X X false 6146187 48506 277152 189838 6282007 6389818 114878 144869 213640 6146187 6105023 105174 438077 258456 6389818 6054403 51496 314311 315187 6105023 5959108 228435 212149 345289 6054403 1.00000 false false 88955 1242751 1331706 62118225 13669483 48448742 16596372 13889360 2707012 52487460 BENEFICIAL INTEREST IN PERTETUAL TRU 6875445 COLLECTIBLES 3043375 DEBT SERVICE FUND 2497350 REMAINDER INTEREST TRUSTS 1477284 LIBRARY BOOKS 654025 CONSTRUCTION IN PROGRESS 345642 CASH AND CASH EQUIVALENTS 13081 14906202 US GOVERNMENT GRANTS REFUNDABLE 1573660 1573660 X 22500133 421327 189092 155246 765665 21734468 14280918 14280918 36015386 22145288 189092 155239 344331 21800957 14210885 14210885 36011842 SCHEDULE D, PAGE 2, PART III, LINE 4 THE UNIVERSITY MAINTAINS A COLLECTION OF MIDDLE EAST ARTIFACTS AND A REPLICA OF THE JING YUNG BELL FOR PURPOSES OF PUBLIC EXHIBIT AND RESEARCH. SCHEDULE D, PAGE 2, PART V, LINE 4 ENDOWMENT FUNDS CONSIST OF APPROXIAMTELY 108 INDIVIDUAL FUNDS ESTABLISHED FOR SCHOLARSHIPS, GRANTS AND UNRESTRICTED PURPOSES FOR THE UNIVERSITY. ONLY REVENUE EARNED BY THE PORTFOLIO OF INVESTMENTS CAN BE USED FOR THE INTENDED PURPOSE. SCHEDULE D, PAGE 3, PART X THE UNIVERSITY HAS A TAX DETERMINATION LETTER FROM THE INTERNAL REVENUE SERVICE STATING IT QUALIFIES UNDER THE PROVISION OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND IS EXEMPT FROM FEDERAL INCOME TAXES. AS SUCH, THE UNIVERSITY IS SUBJECT TO FEDERAL INCOME TAXES ONLY ON ANY NET UNRELATED BUSINESS INCOME UNDER THE PROVISIONS OF SECTION 511 OF THE INTERNAL REVENUE CODE. THE UNIVERSITY FOLLOWS THE ACCOUNTING STANDARDS FOR CONTINGENCIES IN EVALUATING UNCERTAIN TAX POSITIONS. THIS GUIDANCE PRESCRIBES RECOGNITION THRESHOLD PRINCIPLES FOR THE FINANCIAL STATEMENT RECOGNITION OF TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN ON A TAX RETURN THAT ARE NOT CERTAIN TO BE REALIZED. NO LIABILITY HAS BEEN RECOGNIZED BY THE UNIVERSITY FOR UNCERTAIN TAX POSITIONS AS OF JUNE 30, 2017 AND 2016. 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 RENTAL EXPENSES 155,246 FUNDRAISING EXPENSES 0 SCHEDULE D, PAGE 4, PART XI, LINE 4B SCHOARLSHIPS AND GRANTS 14,253,088 BOWLING CENTER LOSS 70,033 GROUPING DIFFERENCES -42,203 SCHEDULE D, PAGE 4, PART XII, LINE 2D RENTAL EXPENSES 155,246 FUNDRAISING EXPENSES 0 LOSS ON INTEREST RATE SWAP -7 SCHEDULE D, PAGE 4, PART XII, LINE 4B SCHOLARSHIPS AND GRANTS 14,253,088 GROUPING DIFFERENCES -42,203 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 WE RECEIVE PELL AND SEOG GRANTS FROM THE FEDERAL GOVERNMENT. THE PELL GRANT IS AWARDED TO INDIVIDUAL STUDENTS BASED ON NEED WHICH IS DEFINED BY THE FEDERAL GOVERNMENT THROUGH THE FASFA APPLICATION. SEOG IS AWARDED BY THE INSTITUTION BASED ON NEED WHICH IS DERIVED FROM THE FASFA APPLICATION. WE ALSO RECEIVE DIRECT SUBSIDIZED AND UNSUBSIDIZED AND PLUS LOANS WHICH ARE DIRECT LOANS BETWEEN STUDENTS AND THE GOVERNMENT. THESE ARE AWARDED TO STUDENTS AND ARE DISBURSED AFTER AN APPLICATION PROCESS BETWEEN THE STUDENT AND THE GOVERNMENT. WE ALSO RECEIVE AN IOWA TUITION GRANT FROM THE STATE OF IOWA WHICH IS AWARDED TO INDIVIDUAL STUDENTS BASED ON NEED. WE ALSO RECEIVED VOCATIONAL REHAB GRANTS AND VA BENEFITS WHICH ARE AWARDED TO SPECIFIC STUDENTS BASED ON CRITERIA FROM THOSE ORGANIZATIONS. true INSTITUTION SCHOLARSHIPS 1450 13754413 CASH FEDERAL SEOG 748 463537 CASH VOCATIONAL REHAB GRANTS 12 34738 CASH 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 JOHN OTTOSSON PRESIDENT 175874 5276 10311 191461 MUSCO SPORTS LIGHTING LLC OPERATING X 2730000 1730000 false false true 1730000 MAHASKA COMM GROUP MCG SEE PART V 161187 PHONE, INTERNET false SCHEDULE L, PART V SCHEDULE L, PART IV, LINE (1), COLUMN (B): MAHASKA COMMUNICATION GROUP (MCG) IS A WHOLLY OWNED SUBSIDIARY OF MUSCO CORPORATION. JOE CROOKHAM, BOARD OFFICER, AND HIS IMMEDIATE FAMILY ARE THE MAJORITY SHAREHOLDERS OF MUSCO CORPORATION. JOE CROOKHAM IS ALSO PRESIDENT AND CEO OF BOTH ENTITIES. FORM 990, PAGE 6, PART VI, LINE 2 JOE CROOKHAM CHRIS HYLAND VICE CHAIR TRUSTEE BUSINESS RELATIONSHIP FORM 990, PAGE 6, PART VI, LINE 11B COPY OF FORM 990 WAS REVIEWED BY THE FINANCE COMMITTEE. FORM 990, PAGE 6, PART VI, LINE 12C EVERY BOARD MEMBER, ADMINISTRATOR, OR PERSON WHO HAS CONTROL OVER A BUDGET, COMPLETES A CONFLICT OF INTEREST FORM. THEY ARE REVIEWED BY THE FINANCE COMMITTEE OF THE BOARD OF TRUSTEES. FORM 990, PAGE 6, PART VI, LINE 15A THE ORGANIZATION USED COMPARABLE DATA TO DETERMINE THE AMOUNT OF EXECUTIVE COMPENSATION FOR THE PRESIDENT AND OTHER OFFICERS AND TOP MANAGEMENT. FORM 990, PAGE 6, PART VI, LINE 15B THE ORGANIZATION USED COMPARABLE DATA TO DETERMINE THE AMOUNT OF EXECUTIVE COMPENSATION FOR THE PRESIDENT AND OTHER OFFICERS AND TOP MANAGEMENT. FORM 990, PAGE 6, PART VI, LINE 19 ARTICLES OF INCORPORATION AND BY-LAWS ARE AVAILABLE UPON REQUEST TO THE BUSINESS OFFICE OF THE ORGANIZATION. FORM 990, PART XI, LINE 9 LOSS FROM WHOLLY OWNED SUBSIDIARY -70,033 WPU REAL ESTATE FOUNDATION LLC 201 TRUEBLOOD AVENUE OSKALOOSA IA 52577 474400135 REAL ESTAT IA WPU BLANCHE JOHNSON TRUST 124 SOUTH FIRST STREET OSKALOOSA IA 52577 426613277 RENTAL REA IA 501C3 12D NA false MAHASKA BOWLING & RECREATION INC 201 TRUEBLOOD AVE OSKALOOSA IA 52577 421442162 BOWLING IA WPU C CORP false false false true false false false false false false false false false false false false false false false false BLANCHE JOHNSON TRUST C 204577 FAIR VALUE