2018-05-11T13:06:40-05:00 2017-06-30 KPMG LLP 60 South Street Boston MA 02111 990 2016-07-01 060646959 WESLEYAN UNIVERSITY % WESLEYAN UNIVERSITY WESL 8606852000 237 HIGH STREET NORTH COLLEGE MIDDLETOWN CT 06459 NATHAN PETERS VP FOR FINANCE & ADMIN 8606852000 2018-05-09 true SHY JOSEPH P01085371 6179881000 2018-05-04 167.68.102.5 04502320181315000022 2018-05-11 P 9FBD12A1F9FD10DF656D04307E23104EC64D8583 7B5190DACD7950FB62E11B317DAE60956DD6A6E7 2016 2021-01-29 14:40:06Z MICHAEL ROTH 237 HIGH STREET MIDDLETOWN CT 06459 633128444 false X WWW.WESLEYAN.EDU X 1831 CT WESLEYAN UNIVERSITY IS DEDICATED TO PROVIDING AN EDUCATION IN LIBERAL ARTS BY BUILDING A DIVERSE, ENERGETIC COMMUNITY OF STUDENTS, FACULTY, AND STAFF. SEE SCHEDULE O. 33 31 3911 1138 -544770 -1951547 55323000 63726080 195725000 205921000 27034000 38729819 4900000 8716101 282982000 317093000 55077818 56310813 0 0 117174429 122355734 0 0 9972091 87253753 91809453 259506000 270476000 23476000 46617000 1267936000 1402849000 350938000 355108000 916998000 1047741000 X WESLEYAN UNIVERSITY IS DEDICATED TO PROVIDING AN EDUCATION IN LIBERAL ARTS BY BUILDING A DIVERSE, ENERGETIC COMMUNITY OF STUDENTS, FACULTY, AND STAFF WHO VALUE INDEPENDENCE OF MIND AND GENEROSITY OF SPIRIT. SEE ADDITIONAL DESCRIPTION IN SCHEDULE O. false false 169410000 56278000 159842000 *INSTRUCTION AND RESEARCH* WESLEYAN UNIVERSITY OFFERS INSTRUCTION IN 45 DEPARTMENTS, 45 MAJOR FIELDS OF STUDY, 17 MINOR FIELDS OF STUDY, AND 12 CERTIFICATES OF STUDY, AND AWARDS THE BACHELOR OF ARTS AND GRADUATE DEGREES. THE MASTER OF ARTS DEGREE AND THE DOCTOR OF PHILOSOPHY ARE REGULARLY AWARDED IN SIX FIELDS OF STUDY. STUDENTS MAY CHOOSE FROM MORE THAN 1000 COURSES EACH YEAR AND MAY BE COUNTED UPON TO DEVISE, WITH THE FACULTY, SOME 800 INDIVIDUAL TUTORIALS AND LESSONS. PLEASE SEE SCHEDULE O FOR DETAIL. 47381000 46079000 *AUXILIARY SERVICES AND OTHER* AUXILIARY SERVICES INCLUDE THE COSTS OF ROOM AND BOARD FOR APPROXIMATELY 3,000 STUDENTS RESIDING ON A 311 ACRE CAMPUS. THERE ARE 8 RESIDENCE HALLS, 7 APARTMENT COMPLEXES AND OVER 25 PROGRAM HOUSES IN ADDITION TO OVER 140 HOUSE UNITS ON CAMPUS FOR UPPER-CLASS STUDENTS. WORKING IN PARTNERSHIP WITH STUDENTS AND COLLABORATIVELY WITH OTHER MEMBERS OF THE WESLEYAN COMMUNITY, THE OFFICE OF RESIDENTIAL LIFE STRIVES TO PROVIDE A SAFE AND SUPPORTIVE RESIDENTIAL ENVIRONMENT WHICH COMPLEMENTS AND EXTENDS STUDENTS' EDUCATIONAL EXPERIENCE. PLEASE SEE SCHEDULE O FOR DETAIL. 11175000 *LIBRARIES* LIBRARY EXPENSES INCLUDE ACQUISITION OF BOOKS, PERIODICALS AND OTHER MATERIALS, COMPENSATION OF STAFF, AND OTHER EXPENDITURES IN SUPPORT OF THE LIBRARY. PLEASE SEE SCHEDULE O FOR DETAIL. 502772 32813 8428210 228468772 true true false false false false true true false true true true false false true true true false true true true false true false false false false true true true true false false false false false false false false true false true true false false false true true true false true 762 0 true 3911 true true true true FR GM IT SP false false false true true false false false false X 33 31 false false false false false false false true true false false true true true true true true true true false CT X WESLEYAN UNIVERSITY 8606852000 237 HIGH STREET MIDDLETOWN CT 06459 MICHAEL S ROTH PRESIDENT AND TRUSTEE 38.0 0.0 X X 663334 0 453363 LEO Y AU TRUSTEE 1.0 0.0 X 0 0 0 CARLTON B BARNSWELL TRUSTEE 1.0 0.0 X 0 0 0 PHOEBE C BOYER TRUSTEE 1.0 0.0 X 0 0 0 ANDREW M BRANDON-GRODON TRUSTEE 1.0 0.0 X 0 0 0 MARC N CASPER TRUSTEE 1.0 0.0 X 0 0 0 MARCUS B CHUNG TRUSTEE 1.0 0.0 X 0 0 0 DAVID G DAVENPORT TRUSTEE 1.0 0.0 X 0 0 0 DIANA FARRELL TRUSTEE 1.0 0.0 X 0 0 0 JOHN B FRANK TRUSTEE 1.0 0.0 X 0 0 0 KAREN J FREEDMAN TRUSTEE 1.0 0.0 X 0 0 0 MICHAEL T FRIES TRUSTEE 1.0 0.0 X 0 0 0 ANNE S GOLDRACH TRUSTEE 1.0 0.0 X 0 0 0 IRMA V GONZALEZ TRUSTEE 1.0 0.0 X 0 0 0 JOHN H HALL TRUSTEE 1.0 0.0 X 0 0 0 DARRYL B HAZEL TRUSTEE 1.0 0.0 X 0 0 0 EDWARD J HEFFERMAN TRUSTEE 1.0 0.0 X 0 0 0 SAEYUN D LEE TRUSTEE 1.0 0.0 X 0 0 0 DOUGLAS T LINDE TRUSTEE 1.0 0.0 X 0 0 0 DONNA S MOREA TRUSTEE 1.0 0.0 X 0 0 0 MARC O NACHMANN TRUSTEE 1.0 0.0 X 0 0 0 KENNEDY OWITI ODEDE TRUSTEE 1.0 0.0 X 0 0 0 ROBERT A PRUZAN TRUSTEE 1.0 0.0 X 0 0 0 HONG QU TRUSTEE 1.0 0.0 X 0 0 0 PHILIP J RAUCH TRUSTEE 1.0 0.0 X 0 0 0 DAVID L RESNICK TRUSTEE 1.0 0.0 X 0 0 0 MUZZY ROSENBLATT TRUSTEE 1.0 0.0 X 0 0 0 ELIZABETH H SCHMIDT TRUSTEE 1.0 0.0 X 0 0 0 JEFFREY L SHAMES TRUSTEE 1.0 0.0 X 0 0 0 HAROLD R SOGARD TRUSTEE 1.0 0.0 X 0 0 0 ADAM USDAN TRUSTEE 1.0 0.0 X 0 0 0 ALFORD A YOUNG JR TRUSTEE 1.0 0.0 X 0 0 0 DONNA S ZILKHA TRUSTEE 1.0 0.0 X 0 0 0 NATHAN DAVID PETERS VP FOR FINANCE & ADMIN 38.0 0.0 X 283637 0 73403 DAVID STUART WINAKOR GENERAL COUNSEL/SECRETARY 38.0 0.0 X 226253 0 105507 JOYCE JACOBSEN PROVOST AND VICE PRESIDENT 38.0 0.0 X 246003 0 65772 DAVE BAIRD VICE PRESIDENT OF IT/CIO 38.0 0.0 X 191455 0 58355 ANTONIO FARIAS VP FOR EQUITY AND INCLUSION 38.0 0.0 X 157587 0 47983 ANNE MARTIN CHIEF INVESTMENT OFFICER 38.0 0.0 X 717137 0 132921 NANCY HARGRAVE MEISLAHN DAED ADMISSION/FINANCIAL AID 38.0 0.0 X 213586 0 64669 KEY L NUTTALL CHIEF COMMUNICATIONS OFFICER 38.0 0.0 X 209148 0 75046 MICHAEL J WHALEY VP FOR STUDENT AFFAIRS 38.0 0.0 X 177191 0 51613 BARBARA-JAN WILSON VP FOR UNIVERSITY RELATIONS 38.0 0.0 X 304505 0 68710 JEANINE D BASINGER PROFESSOR 38.0 0.0 X 272878 0 62960 LAUREN CALDWELL PROFESSOR 38.0 0.0 X 244386 0 35855 LISA C DIERKER PROFESSOR 38.0 0.0 X 261183 0 79347 NATHANAEL GREENE PROFESSOR 38.0 0.0 X 222073 0 46462 JOHN C MEERTS FORMER VP FIN & ADMIN 38.0 0.0 X 319513 0 48061 LAURA B GRABEL PROFESSOR 38.0 0.0 X 197988 0 86880 J DONALD MOON PROFESSOR 38.0 0.0 X 193591 0 67751 ROB ROSENTHAL FORMER PROVOST & VP ACAD. AFF. 38.0 0.0 X 177573 0 32690 ANDREW SZEGEDY-MASZAK FORMER PROF/CHAIR FACULTY 38.0 0.0 X 178585 0 55955 RUTH STRIEGEL WEISSMAN FORMER PROVOST & VP ACAD. AFF. 38.0 0.0 X 184176 0 65791 5641782 0 1779094 222 true true false SUN SERVICES LLC 25 CONTROLS DRIVE SHELTON CT 06484 CLEANING 3106791 KPMG LLP PO BOX 120001 DALLAS TX 75312 ACCOUNTING 253500 NUTMEG PAINTING SERVICES 185 HILLCREST AVENUE NEW BRITAIN CT 05053 PAINTING SERVICES 252215 CONIFER ASSET SOLUTIONS LLC 767 THIRD AVENUE NEW YORK NY 10017 INVESTMENT MGMT 242584 NEWMAN ARCHITECTS PC 300 YORK STREET NEW HAVEN CT 06511 ARCHITECT 214153 5 X 6080 6818000 56902000 13487798 63726080 TUITION AND FEES 611710 159842000 159842000 AUXILIARY SERVICES 611710 46079000 46079000 205921000 1840000 0 -544770 2384770 0 0 0 0 7000 0 0 7000 0 0 0 0 0 0 351844000 325330 315222000 57511 36622000 267819 36889819 0 0 36889819 4970 6080 9079 -4109 0 -4109 0 0 0 0 0 0 1031854 746854 285000 0 0 285000 OTHER REVENUE 531390 8428210 8428210 8428210 317093000 214349210 -544770 39562480 32813 32813 53226276 53226276 3051724 3051724 0 4386640 1108515 2619486 658639 673348 673348 89479845 73642474 11499618 4337753 7949000 6380573 1152992 415435 13400670 11218287 1537530 644853 6466231 5177717 925815 362699 7229034 4926147 1935391 367496 764837 58592 701584 4661 238500 238500 0 0 2686000 2686000 81870 73014 1741 7115 5722939 5398221 205672 119046 7011013 5786561 793377 431075 2277009 1009875 1206799 60335 0 11080595 8344587 1838068 897940 3466552 2899982 296433 270137 0 273115 202414 61087 9614 12561000 11430510 816465 314025 0 10261000 9337510 666965 256525 809092 809092 DINING 14582487 14582487 FOREIGN PROGRAM 5213923 5213923 FELLOWSHIPS 2734401 2734401 MISCELLANEOUS 4816086 1958821 2042522 814743 270476000 228468772 32035137 9972091 13137000 14308000 98097000 52527000 31545000 23052000 897000 1036000 0 0 0 0 6695000 5763000 563000 986000 844000 1193000 570006000 243315000 313625000 326691000 524387000 635430000 274031000 338147000 0 0 0 0 4115000 3716000 1267936000 1402849000 15374000 18032000 0 0 2939000 2824000 20105000 20105000 0 0 0 0 0 0 264397000 250000000 48123000 64147000 350938000 355108000 X 301496000 348858000 311203000 359117000 304299000 339766000 916998000 1047741000 1267936000 1402849000 X 46617000 83916000 0 0 0 210000 X false true X true true true X 45494783 48735692 41805610 55323000 63726080 255085165 0 0 45494783 48735692 41805610 55323000 63726080 255085165 18071300 237013865 1213885 1632693 1897534 1972643 2391770 9108525 1383000 205020 1588020 1376423 981566 1076854 850654 1031854 5317351 271099061 1008243858 0.87427 0.90710 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X 2 10.00 2 1 true 7.50 680600 11001594 X X X false 802204000 82777000 118754000 8142067 28415933 967177000 838774000 27065000 -29466000 7315000 26854000 802204000 793334000 28526000 48532000 6638252 24979748 838774000 688643000 28269000 106454000 6146143 23885857 793334000 616195000 33587000 67246000 5551705 22833295 688643000 0.30000 0.33000 0.37000 false false 34271000 34271000 421002000 150549000 270453000 112783000 92766000 20017000 1950000 1950000 326691000 REAL ASSETS 131734000 F PRIVATE EQUITY 206413000 F 338147000 0 TERM LOANS 13670000 LIABILITIES RELATED TO INVESTMENTS 4131000 CHARITABLE REMAINDER TRUSTS 9866000 POST RETIREMENT BENEFITS 21429000 PERKINS LOAN PROGRAM 4783000 ASSET RETIREMENT OBLIGATION 12713000 BOND PREMIUM -2445000 64147000 X 398533000 83916000 210000 84126000 314407000 2686000 2686000 317093000 267790000 267790000 2686000 2686000 270476000 CONSERVATION EASEMENTS PART II, LINE 9 WESLEYAN UNIVERSITY DOES NOT OWN ANY PROPERTY ENCUMBERED BY A CONSERVATION EASEMENT. HOWEVER, THE LONG LANE PARCEL IS CURRENTLY UNDER THE TRANSFER ACT AGREEMENT WITH CT DEP PERTAINING TO REMEDIATED SOIL PILES, EXCAVATIONS AND IMPACTED WETLANDS, WHICH ARE PROTECTED UNDER LOCAL AND STATE REGULATIONS AND HAVE A WRITTEN MANAGEMENT PLAN WHICH PROVIDES A POLICY FOR PROTECTING THE AREAS INCLUDING THE PERIODIC MONITORING, INSPECTION, AND ENFORCEMENT OF THE SITE. REGARDING HISTORIC BUILDINGS, THE CITY OF MIDDLETOWN DESIGN PRESERVATION AND REVIEW BOARD (DRPB) REVIEWS PROPOSED RENOVATIONS TO ALL HISTORIC STRUCTURES IN CERTAIN DISTRICTS, WHICH INCLUDES WESLEYAN'S CAMPUS. THE DRPB THEN MAKES RECOMMENDATIONS TO THE MIDDLETOWN DIRECTOR OF PLANNING FOR SUCH RENOVATIONS. WESLEYAN POLICY REQUIRES OUR CONTRACTED ARCHITECTS, ENGINEERS AND CONTRACTORS TO COMPLY WITH ALL LOCAL, STATE AND FEDERAL REGULATIONS ON EVERY PROJECT. CONTRACTS FOR DESIGN SERVICES IN HISTORIC BUILDINGS REQUIRE THAT THE ARCHITECT AND WESLEYAN SUBMIT PROPOSED RENOVATION PLANS TO THE CITY OF MIDDLETOWN AND THE DRPB AS REQUIRED BY ZONING LAW. ORGANIZATIONS COLLECTIONS OF ARTS PART III, LINE 4 THE UNIVERSITY MAINTAINS WORKS OF ART IN THE DAVISON ART CENTER (DAC), OLIN LIBRARY, SCIENCE LIBRARY AND ARCHIVES. WESLEYAN STUDENTS IN MANY DEPARTMENTS USE THE DAC COLLECTION FOR CLASS ASSIGNMENTS OR VIEWINGS, AS WELL AS FOR INDIVIDUAL RESEARCH PROJECTS WITH UNIVERSITY FACULTY, AND THE MUSEUM ALSO ENCOURAGES TEACHING AND LEARNING FROM OBJECTS IN A WIDE RANGE OF OTHER WAYS. THE LIBRARY MAINTAINS SPECIAL COLLECTIONS AND ARCHIVES, WHICH INCLUDES AROUND 25,000 RARE BOOKS AND COLLECTIONS THAT SERVE TO STIMULATE UNDERGRADUATE MINDS ABOUT THE PAST, OFFER LABORATORY MATERIALS IN THE HUMANITIES, AND PROVIDE SOME PREPARATION FOR ADVANCED SCHOLARSHIP. ENDOWMENT FUNDS PART V, LINE 4 THE UNIVERSITY'S ENDOWMENT CONSISTS OF APPROXIMATELY 1,300 INDIVIDUAL FUNDS ESTABLISHED FOR A VARIETY OF PURPOSES INCLUDING BOTH DONOR-RESTRICTED ENDOWMENT FUNDS AND FUNDS DESIGNATED BY THE BOARD OF TRUSTEES TO FUNCTION AS ENDOWMENTS. THE UNIVERSITY HAS ADOPTED INVESTMENT AND SPENDING POLICIES FOR ENDOWMENT ASSETS THAT ATTEMPT TO PROVIDE A PREDICTABLE STREAM OF FUNDING TO PROGRAMS SUPPORTED BY ITS ENDOWMENT WHILE SEEKING TO MAINTAIN THE PURCHASING POWER OF THE ENDOWMENT ASSETS. THE UNIVERSITY FOLLOWS A SPENDING POLICY KNOWN AS THE TOBIN SPENDING RULE, NAMED FOR JAMES TOBIN, RECIPIENT OF THE 1971 NOBEL PRIZE IN ECONOMICS. THIS RULE SETS THE ANNUAL DISTRIBUTION USING A QUANTITATIVE FORMULA THAT COMBINES ELEMENTS OF STABILITY AND MARKET CONDITIONS. THE UNIVERSITY'S ENDOWMENT SPENDING IS 70% BASED ON THE PRIOR YEAR'S SPENDING PLUS INFLATION (MEASURED BY THE HIGHER EDUCATION PRICE INDEX (HEPI) AS OF JUNE 30 OF THE PAST FISCAL YEAR) AND 30% FROM 4.5% OF THE MARKET VALUE OF ENDOWMENT AS OF JUNE 30 OF THE PREVIOUS FISCAL YEAR. ABOUT 84% OF THE PERMANENTLY RESTRICTED NET ASSETS CONSIST OF THOSE FOR WHICH INCOME IS RESTRICTED TO FINANCIAL AID, INSTRUCTION AND RESEARCH. UNCERTAIN TAX POSITIONS UNDER FIN 48 (ASC 740) PART X, LINE 2 THE UNIVERSITY IS GENERALLY EXEMPT FROM INCOME TAXES UNDER INTERNAL REVENUE CODE SECTION 501(A), AS AN ORGANIZATION DESCRIBED IN SECTION 501(C)(3). THE UNIVERSITY ASSESSES UNCERTAIN TAX POSITIONS AND DETERMINED THAT THERE WERE NO SUCH POSITIONS THAT HAVE A MATERIAL EFFECT ON THE FINANCIAL STATEMENTS. OTHER REVENUE INCLUDED IN AFS NOT IN FORM 990 PART XI, LINE 2D POSTRETIREMENT BENEFIT OBLIGATION CHANGES 1,154,000 CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS (944,000) ----------- TOTAL 210,000 true true true true true true true false false false false false false false false true false true SCHEDULE E, LINE 3 THE NONDISCRIMINATORY POLICY IS PROMINENTLY DISPLAYED ON ADVERTISEMENTS FOR EMPLOYMENT THAT APPEAR IN NEWSPAPERS AND THE INTERNET. IT ALSO APPEARS IN ADMISSIONS CATALOGUES, EMPLOYMENT APPLICATIONS AND EMPLOYEE AND FACULTY HANDBOOKS. SCHEDULE E, LINE 6A THE UNIVERSITY RECEIVES AWARDS FROM THE DEPARTMENT OF EDUCATION TO BE USED FOR STUDENT FINANCIAL ASSISTANCE. IT ALSO RECEIVES VARIOUS RESEARCH AND DEVELOPMENT GRANTS PRIMARILY FROM THE NATIONAL SCIENCE FOUNDATION AND DEPARTMENT OF HEALTH AND HUMAN SERVICES. true Europe (Including Iceland and Greenland) Program Services STDY ABR/RSRCH/RCRT 4529220 Central America and the Caribbean Program Services STDY ABR/RSRCH/RCRT 46523 East Asia and the Pacific Program Services STDY ABR/RSRCH/RCRT 613225 Middle East and North Africa Program Services STDY ABR/RSRCH/RCRT 134392 North America Program Services STDY ABR/RSRCH/RCRT 15505 Russia and the Newly Independent States Program Services STDY ABR/RSRCH/RCRT 808 South America Program Services STDY ABR/RSRCH/RCRT 224948 South Asia Program Services STDY ABR/RSRCH/RCRT 107383 Sub-Saharan Africa Program Services STDY ABR/RSRCH/RCRT 122291 Central America and the Caribbean Program Services INVESTMENTS 268432161 Europe (Including Iceland and Greenland) Program Services INVESTMENTS 2133530 276359986 276359986 STUDY ABROAD/FIN AID Europe (Including Iceland and Greenland) 48 1956986 STUDY ABROAD/FIN AID East Asia and the Pacific 12 518716 STUDY ABROAD/FIN AID South America 7 206361 STUDY ABROAD/FIN AID Sub-Saharan Africa 3 112862 STUDY ABROAD/FIN AID Middle East and North Africa 3 117646 STUDY ABROAD/FIN AID South Asia 3 93726 STUDY ABROAD/FIN AID Central America and the Caribbean 1 45427 true false true true true true MONITORING THE USE OF GRANT FUNDS PART I, LINE 2 STUDENTS ATTEND APPROVED STUDY ABROAD PROGRAMS AND RECEIVE WESLEYAN CREDIT. PROGRAMS ARE APPROVED BASED ON A REVIEW BY A FACULTY COMMITTEE. ONCE THE PROGRAM IS APPROVED, THE OFFICE OF INTERNATIONAL STUDIES, IN CONJUNCTION WITH THE FINANCE OFFICE, FACILITATES PAYMENT AND FINANCIAL AID TO THE HOST SCHOOL. AFTER A STUDENT COMPLETES THE PROGRAM, THEY FILL OUT AN EVALUATION OF THE PROGRAM AND AN OFFICIAL TRANSCRIPT IS PRESENTED TO THE UNIVERSITY FROM THE PROGRAM. STUDY ABROAD GRANTS PART III, COLUMN E FINANCIAL AID IS DETERMINED BASED ON A NEEDS ANALYSIS AND APPLIED TO STUDENT CHARGES THAT SUPPORT THE COST OF ATTENDANCE. STUDENT CHARGES ARE USED IN SUPPORTING THE UNIVERSITY'S MISSION. WESLEYAN ALTERNATES RUNNING FOREIGN PROGRAMS WITH VASSAR COLLEGE AND WELLESLEY COLLEGE IN SPAIN, ITALY, AND FRANCE. DURING FISCAL YEAR 2017, WESLEYAN RAN THE ITALY AND FRANCE PROGRAMS, SO EXPENSES IN THAT REGION WERE HIGHER THAN THE PRIOR YEARS WHEN OTHER CONSORTIA SCHOOLS WERE RUNNING THE PROGRAMS. true CITY OF MIDDLETOWN 245 DEKOVEN DRIVE MIDDLETOWN CT 06457 066001872 170(B)(1)(A)(V) 32813 UNRESTRICTED 1 SEOG 263 739000 CT STATE GRANTS 8 177750 FREEMAN SCHOLARSHIP 43 71573 TUITION REMISSION 163 4379000 UNIVERSITY SCHOLARSHIP 1235 47858953 MONITORING THE USE OF GRANT FUNDS PART I, LINE 2 GRANTS TO ORGANIZATIONS IN THE U.S. THE UNIVERSITY MAY MAKE DONATIONS TO SUPPORT ITS TOWN OR NON-PROFIT ORGANIZATIONS. IN THESE INSTANCES, THE UNIVERSITY GENERALLY DOES NOT MONITOR THE ULTIMATE USE OF THE FUNDS AS THESE AMOUNTS ARE RESTRICTED GRANTS TO MUNICIPALITIES OR ORGANIZATIONS THAT ARE RECOGNIZED AS BEING DESCRIBED IN INTERNAL REVENUE CODE SECTION 501(C). GRANTS TO INDIVIDUALS IN THE U.S. FINANCIAL AID IS DETERMINED BASED ON A NEEDS ANALYSIS AND APPLIED TO STUDENT CHARGES THAT SUPPORT COST OF ATTENDANCE. STUDENT CHARGES ARE USED IN SUPPORT OF THE UNIVERSITY'S MISSION. X X true true X X X X X false false false false false false false false false MICHAEL S ROTH PRESIDENT AND TRUSTEE 554984 0 100000 0 8350 0 341793 0 111570 0 1116697 0 0 0 JOYCE JACOBSEN PROVOST AND VICE PRESIDENT 246003 0 0 0 0 0 22960 0 42812 0 311775 0 0 0 NATHAN DAVID PETERS VP FOR FINANCE & ADMIN 246456 0 25000 0 12181 0 23386 0 50017 0 357040 0 0 0 JEANINE D BASINGER PROFESSOR 221989 0 25 0 50864 0 24085 0 38875 0 335838 0 0 0 LAUREN CALDWELL PROFESSOR 54386 0 0 0 190000 0 4419 0 31436 0 280241 0 0 0 LISA C DIERKER PROFESSOR 162377 0 0 0 98806 0 39554 0 39793 0 340530 0 0 0 NATHANAEL GREENE PROFESSOR 221973 0 0 0 100 0 19443 0 27019 0 268535 0 0 0 LAURA B GRABEL PROFESSOR 175719 0 0 0 22269 0 18257 0 68623 0 284868 0 0 0 JOHN C MEERTS FORMER VP FIN & ADMIN 144345 0 141000 0 34168 0 29858 0 18203 0 367574 0 0 0 J DONALD MOON PROFESSOR 192591 0 0 0 1000 0 33924 0 33827 0 261342 0 0 0 ROB ROSENTHAL FORMER PROVOST & VP ACAD. AFF. 167427 0 0 0 10146 0 15416 0 17274 0 210263 0 0 0 ANDREW SZEGEDY-MASZAK FORMER PROF/CHAIR FACULTY 170860 0 0 0 7725 0 16196 0 39759 0 234540 0 0 0 RUTH STRIEGEL WEISSMAN FORMER PROVOST & VP ACAD. AFF. 184176 0 0 0 0 0 33222 0 32569 0 249967 0 0 0 DAVID STUART WINAKOR GENERAL COUNSEL/SECRETARY 220628 0 0 0 5625 0 25483 0 80024 0 331760 0 0 0 DAVE BAIRD VICE PRESIDENT OF IT/CIO 191305 0 0 0 150 0 33495 0 24860 0 249810 0 0 0 ANTONIO FARIAS VP FOR EQUITY AND INCLUSION 157587 0 0 0 0 0 14114 0 33869 0 205570 0 0 0 ANNE MARTIN CHIEF INVESTMENT OFFICER 429331 0 287706 0 100 0 41390 0 91531 0 850058 0 0 0 NANCY HARGRAVE MEISLAHN DAED ADMISSION/FINANCIAL AID 198586 0 15000 0 0 0 34544 0 30125 0 278255 0 0 0 KEY L NUTTALL CHIEF COMMUNICATIONS OFFICER 194148 0 0 0 15000 0 17885 0 57161 0 284194 0 0 0 MICHAEL J WHALEY VP FOR STUDENT AFFAIRS 177091 0 0 0 100 0 15568 0 36045 0 228804 0 0 0 BARBARA-JAN WILSON VP FOR UNIVERSITY RELATIONS 279430 0 25000 0 75 0 24273 0 44437 0 373215 0 0 0 BENEFITS PART I, LINE 1A THE UNIVERSITY WILL REIMBURSE THE COST OF AIRPLANE TICKETS IN COACH CLASS ONLY, UNLESS SCHEDULING OR A MEDICAL CONDITION NECESSITATES OTHER ARRANGEMENTS. THE PRESIDENT AND VICE PRESIDENT FOR STUDENT AFFAIRS MUST LIVE ON CAMPUS AS A REQUIREMENT OF THEIR EMPLOYMENT AND THE FAIR MARKET VALUE OF THE HOUSING HAS BEEN INCLUDED AS A NON-TAXABLE FRINGE BENEFIT ON SCHEDULE J. Housing Allowances PART II, COLUMN D THE FAIR MARKET VALUE OF HOUSING PROVIDED TO THE FOLLOWING INDIVIDUALS, AS A REQUIREMENT OF THEIR EMPLOYMENT, THAT IS REPORTED IN THEIR NONTAXABLE BENEFITS IS AS FOLLOWS: PRESIDENT: $55,046 VICE PRESIDENT FOR STUDENT AFFAIRS: $11,875 THE FAIR MARKET VALUE OF HOUSING PROVIDED TO THE FOLLOWING INDIVIDUAL THAT IS REPORTED IN HIS TAXABLE BENEFITS IS AS FOLLOWS: VP FOR FINANCE AND ADMINISTRATION: $12,096 THE CALCULATION OF THE FAIR MARKET VALUES HAVE BEEN UPDATED FOR SQUARE FOOTAGE AND OPERATING COSTS OF THE RESIDENCES. A CHEFA 2010 SERIES H 060806186 20774U3A1 2010-05-18 20105000 REFUND 2005 BOND ISSUE false false false A 0 0 20105000 0 0 0 105000 0 0 0 20000000 0 2008 true false true true A false false true true false 0.00040 0.00040 false false false true A false false false true true false 0 false 0 false true A true PART I, CHEFA 2010 SERIES G DESFEASEMENT OF SERIES G ON MAY 31, 2016, THE UNIVERSITY ISSUED $250 MILLION OF CENTURY BONDS AT AN INTEREST RATE OF 4.781%. THE UNIVERSITY USED $203 MILLION TO CREATE A "REFUNDING TRUST", WITH BANK OF NEW YORK MELLON AS A TRUSTEE, TO LEGALLY DEFEASE ALL OF WESLEYAN'S OUTSTANDING TAX-EXEMPT SERIES G BONDS REDEEMABLE ON JULY 1, 2020. PART III, LINE 4 CERTAIN UNRELATED BUSINESS ACTIVITIES ARE CARRIED ON IN THE TAX-EXEMPT BOND-FINANCED PROPERTIES, GIVING RISE TO PRIVATE BENEFIT USE. HOWEVER, THESE UNRELATED BUSINESS ACTIVITIES HAVE CONSISTENTLY GENERATED LOSSES AND ARE NOT REPORTED ON THE UNIVERSITY'S FORM 990-T. PART IV, LINE 2A THE LAST ARBITRAGE REBATE CALCULATION FOR THE TAX-EXEMPT BOND WAS COMPLETED IN 2008. SINCE THE REBATE CALCULATION WAS COMPLETED, THERE WERE NO ADDITIONAL TAX-EXEMPT BOND FUNDS TO BE EXPENDED. ANNE GREENE FAMILY OF J FRANK-TRUSTEE 239433 EMPLOYEE COMPENSATION false KARI WEIL SPOUSE OF M. ROTH-OFFICER 157446 EMPLOYEE COMPENSATION false NATHANAEL GREENE FAMILY OF J FRANK-TRUSTEE 268535 EMPLOYEE COMPENSATION false X 5 25001 FMV X 1 8507795 FMV X 1 4286698 fmv X Various 16 668304 FMV 9 false true false FORM 990, PART I, LINE 1 & PART III, LINE 1 ORGANIZATION'S MISSION I. WESLEYAN UNIVERSITY IS DEDICATED TO PROVIDING AN EDUCATION IN THE LIBERAL ARTS THAT IS CHARACTERIZED BY BOLDNESS, RIGOR, AND PRACTICAL IDEALISM. AT WESLEYAN, DISTINGUISHED SCHOLAR-TEACHERS WORK CLOSELY WITH STUDENTS, TAKING ADVANTAGE OF FLUIDITY AMONG DISCIPLINES TO EXPLORE THE WORLD WITH A VARIETY OF TOOLS. THE UNIVERSITY SEEKS TO BUILD A DIVERSE, ENERGETIC COMMUNITY OF STUDENTS, FACULTY, AND STAFF WHO THINK CRITICALLY AND CREATIVELY AND WHO VALUE INDEPENDENCE OF MIND AND GENEROSITY OF SPIRIT. II. VALUES AND CULTURE *AS A LEARNING COMMUNITY* WESLEYAN EDUCATES STUDENTS TO BECOME INDEPENDENT THINKERS CAPABLE OF CONTINUING TO LEARN AND ABLE TO TRANSLATE INTELLECTUAL RIGOR INTO REAL-WORLD ACTION. AT WESLEYAN, STUDENTS ARE DRIVEN TO MAKE KNOWLEDGE MORE AVAILABLE AND MORE MEANINGFUL, TO PUSH INSIGHTS ACROSS BORDERS INTO NEW DOMAINS, AND TO ENGAGE WITH NEW OR NEGLECTED AUDIENCES. THEY DISCOVER WHAT THEY LOVE TO DO AND GET BETTER AT IT WHILE CONSTANTLY BEING CHALLENGED TO MAKE WHAT THEY LEARN RELEVANT TO OTHERS. WESLEYAN CREATES AN ENVIRONMENT IN WHICH STUDENTS CAN STRIVE FOR EXCELLENCE THROUGH HARD WORK THAT IS JOYFUL AND SATISFYING. ALUMNI OF THE INSTITUTION CONTINUE TO DRAW ON THEIR LEARNING EXPERIENCES FOR THE REST OF THEIR LIVES AND REMAIN DEVOTED TO THE INSTITUTION. *AS A CENTER FOR CREATIVE PRACTICE* WESLEYAN ATTRACTS FACULTY AND STUDENTS WHO FIND ENORMOUS VALUE IN INDEPENDENT RESEARCH, SCHOLARSHIP, AND CREATIVE PRACTICE. PROFESSORS EMBRACE THEIR ROLE AS SCHOLARS-TEACHERS AND ARE ENERGIZED BY THEIR STUDENTS DEEP INQUISITIVENESS, UNGUARDED CURIOSITY, AND EAGERNESS TO EXPLORE BEYOND THE SYLLABUS. THE UNIVERSITY'S SMALL GRADUATE PROGRAMS IN THE SCIENCES AND MUSIC FACILITATE COLLABORATIVE RESEARCH. UNDERGRADUATES ARE GIVEN OPPORTUNITIES FOR ADVANCED INDEPENDENT WORK THROUGH WHICH THEY INCREASE THEIR INTELLECTUAL CAPACITIES AND DISCOVER ASPECTS OF THEMSELVES AND THE WORLD THAT WILL REMAIN MEANINGFUL TO THEM LONG AFTER GRADUATION. MEMBERS OF THE WESLEYAN COMMUNITY ADDRESS SCHOLARLY ISSUES OF IMPORTANCE TO THEIR RESPECTIVE FIELDS AND REGULARLY PRODUCE WORK THAT GOES BEYOND ACADEMIC REALMS TO HAVE A POSITIVE IMPACT ON PUBLIC LIFE. *AS AN INSTITUTIONAL CITIZEN AND LEADER IN EDUCATION* WESLEYAN INSPIRES FACULTY, STAFF AND STUDENTS TO PLAY ACTIVE ROLES AS NEIGHBORS AND CITIZENS. THE UNIVERSITY CONTRIBUTES ECONOMICALLY AND CULTURALLY TO MIDDLETOWN, AND IT INSTILLS IN ITS GRADUATES A SENSE OF CIVIC POSSIBILITY AND PURPOSE. WESLEYAN ALUMNI CREATE OPPORTUNITIES TO INTEGRATE SERVICE INTO THEIR PROFESSIONAL AND PERSONAL LIVES AND GENEROUSLY SUPPORT THE EDUCATIONAL ENTERPRISE ON CAMPUS. THE UNIVERSITY SUPPORTS THE CONTINUED EVOLUTION OF A LIBERAL ARTS EDUCATION AND MAKES A CASE FOR ITS IMPORTANCE IN THE PUBLIC SPHERE. MEMBERS OF THE WESLEYAN COMMUNITY REGULARLY GO ON TO DISTINGUISHED CAREERS IN PUBLIC SERVICE, AND THE UNIVERSITY PROVIDES SUPPORT FOR DISSEMINATING SCHOLARSHIP THAT CAN HAVE POSITIVE PUBLIC IMPACT. FORM 990, PART III, LINE 4A INSTRUCTION AND RESEARCH INCLUDES ALL EXPENDITURES FOR COMPENSATION AND OTHER EXPENSES IN SUPPORT OF INSTRUCTIONAL ACTIVITY. - 763 BACHELOR OF ARTS AND 68 GRADUATE DEGREES WERE AWARDED IN 2017. - TODAY WESLEYAN OFFERS INSTRUCTION IN 45 DEPARTMENTS, 45 MAJOR FIELDS OF STUDY,17 MINOR FIELDS OF STUDY, AND 12 CERTIFICATES OF STUDY AND AWARDS THE BACHELOR OF ARTS AND GRADUATE DEGREES. THE MASTER OF ARTS DEGREE AND THE DOCTOR OF PHILOSOPHY ARE REGULARLY AWARDED IN SIX FIELDS OF STUDY. STUDENTS MAY CHOOSE FROM MORE THAN 1000 COURSES EACH YEAR AND MAY BE COUNTED UPON TO DEVISE, WITH THE FACULTY, SOME 800 INDIVIDUAL TUTORIALS AND LESSONS. - THE STUDENT BODY IS MADE UP OF APPROXIMATELY 3,000 STUDENTS FULL-TIME UNDERGRADUATES AND 150 GRADUATE STUDENTS, AS WELL AS AROUND 140 PART-TIME STUDENTS PER YEAR IN THE GRADUATE LIBERAL STUDIES PROGRAM. AN ONGOING FACULTY OF MORE THAN 440 IS JOINED EACH SEMESTER BY A DISTINGUISHED GROUP OF VISITING ARTISTS AND PROFESSORS. TODAY'S STUDENT/INSTRUCTOR RATIO IS 8 TO 1, AND ABOUT TWO THIRDS OF ALL COURSES ENROLL FEWER THAN 20 STUDENTS. FORM 990, PART III, LINE 4B AUXILIARY SERVICES INCLUDE THE COSTS OF ROOM AND BOARD FOR APPROXIMATELY 3,000 STUDENTS RESIDING ON A 311 ACRE CAMPUS. THERE ARE 8 RESIDENCE HALLS, 7 APARTMENT COMPLEXES AND OVER 25 PROGRAM HOUSES IN ADDITION TO OVER 140 HOUSE UNITS ON CAMPUS FOR UPPER-CLASS STUDENTS. WORKING IN PARTNERSHIP WITH STUDENTS AND COLLABORATIVELY WITH OTHER MEMBERS OF THE WESLEYAN COMMUNITY, THE OFFICE OF RESIDENTIAL LIFE STRIVES TO PROVIDE A SAFE AND SUPPORTIVE RESIDENTIAL ENVIRONMENT THAT COMPLEMENTS AND EXTENDS STUDENTS EDUCATIONAL EXPERIENCE. STUDENT-CENTERED PROGRAMS AND SERVICES ARE DEVELOPED AND IMPLEMENTED WITH AN EMPHASIS ON HOLISTIC INDIVIDUAL AND COMMUNITY DEVELOPMENT, STUDENT LEADERSHIP, INDIVIDUAL RESPONSIBILITY, ADVOCACY OF ACADEMIC INQUIRY, AND FREEDOM OF THOUGHT, OPINION AND EXPRESSION IN THE SPIRIT OF MUTUAL RESPECT. THESE ARE THE HALLMARKS OF THE WESLEYAN RESIDENTIAL EXPERIENCE, AND THEY PROVIDE THE ESSENTIAL FOUNDATION FOR A QUALITY LIBERAL ARTS EDUCATION WITHIN A DIVERSE AND DYNAMIC COMMUNITY. FORM 990, PART III, LINE 4C LIBRARY EXPENSES INCLUDE ACQUISITION OF BOOKS, PERIODICALS AND OTHER MATERIALS, COMPENSATION OF STAFF, AND OTHER EXPENDITURES IN SUPPORT OF THE LIBRARY. THE MISSION OF THE LIBRARY IS TO PROVIDE THE INFORMATION SERVICES AND RESOURCES REQUIRED TO SUPPORT THE LEARNING, TEACHING, AND RESEARCH OF THE WESLEYAN COMMUNITY. TO CARRY OUT THIS MISSION THE LIBRARY WILL: - ORGANIZE AND PROVIDE INTELLECTUAL AND PHYSICAL ACCESS TO COLLECTIONS AND INFORMATION RESOURCES LOCALLY AND WORLD-WIDE - DEVELOP AND PRESERVE LOCAL COLLECTIONS - TEACH AND GUIDE USERS IN THE LIBRARY RESEARCH PROCESS - PROVIDE AN ATMOSPHERE CONDUCIVE TO STUDY, RESEARCH, AND LEARNING - CONTRIBUTING TO THE LARGER SCHOLARLY WORLD THE WESLEYAN LIBRARY WILL PROVIDE UNEXCELLED SERVICES. IT IS A DYNAMIC PLACE WHERE LIBRARY STAFF PROVIDE USERS WITH THE INFORMATION THEY NEED, AS WELL AS A KEEN SENSE THAT THERE ARE MANY PATHS, AND A WIDE RANGE OF SKILLS NECESSARY FOR THE EFFECTIVE USE AND EVALUATION OF INFORMATION RESOURCES. FORM 990, PART III, LINE 4D STUDENT SERVICES INCLUDES THE COSTS ASSOCIATED WITH ADMINISTERING THE OFFICE OF ADMISSIONS, REGISTRAR, FINANCIAL AID, CAREER PLANNING, HEALTH SERVICES, INSTITUTIONAL RESEARCH AND DEAN'S OFFICE. FORM 990, PART VI, SECTION B, QUESTION 11A FORM 990 REVIEW PROCESS THE UNIVERSITY'S FISCAL YEAR END IS JUNE 30. THE AUDITED FINANCIAL STATEMENTS ARE FINALIZED IN LATE OCTOBER DUE TO THE TIME IT TAKES TO VALUE ENDOWMENT ASSETS. DURING NOVEMBER AND DECEMBER, A TAX COMMITTEE CONSISTING OF UNIVERSITY GENERAL COUNSEL, VP FOR FINANCE AND ADMINISTRATION, AND DIRECTOR OF FINANCIAL SERVICES MEET TO DISCUSS ANY SIGNIFICANT CHANGES IN POLICIES, GOVERNANCE, MANAGEMENT AND OTHER ACTIVITY. IN ADDITION, THE FINANCE OFFICE REACHES OUT TO OTHER DEPARTMENTS SUCH AS ACADEMIC AFFAIRS, UNIVERSITY RELATIONS, AND ADMISSIONS TO DETERMINE POTENTIAL FILING ACTIVITY. DURING JANUARY AND FEBRUARY THE FINANCE OFFICE WORKS WITH THE EXTERNAL AUDITORS TO COMPLETE A DRAFT DOCUMENT FOR THE FEBRUARY AUDIT COMMITTEE MEETING. THE DOCUMENT IS PROVIDED TO EACH MEMBER OF THE AUDIT COMMITTEE AND DISCUSSED DURING THE MEETING. THE CHAIR OF THE AUDIT COMMITTEE WILL SUMMARIZE THE REVIEW TO THE FULL BOARD OF TRUSTEES THE FOLLOWING DAY. THE FINAL RETURN IS FILED IN MAY WITH A COPY OF THE FINAL RETURN MADE AVAILABLE THROUGH THE TRUSTEE SECURE PORTAL A COUPLE OF WEEKS PRIOR TO THE FINAL FILING TO EACH VOTING MEMBER OF THE GOVERNING BOARD. FORM 990, PART VI, SECTION B, QUESTION 12C CONFLICT OF INTEREST POLICY THE UNIVERSITY POSTS ITS CONFLICT OF INTEREST POLICY ON ITS WEBSITE AND REQUIRES QUESTIONNAIRE COMPLETION FROM UNIVERSITY FACULTY, STAFF AND TRUSTEES ON AN ANNUAL BASIS. FACULTY AND STAFF ARE COLLECTED ELECTRONICALLY THROUGH NETWORK SIGN ON. CONFLICT OF INTEREST QUESTIONNAIRES FROM BOARD MEMBERS ARE COLLECTED BY THE SECRETARY OF THE UNIVERSITY AND REVIEWED BY LEGAL COUNSEL. RESPONSES ARE MONITORED BY THE UNIVERSITY GENERAL COUNSEL IN CONJUNCTION WITH THE PRESIDENT'S OFFICE. ANY SUPERVISOR RECEIVING NOTICE OF A POTENTIAL CONFLICT OF INTEREST SHALL DETERMINE WHETHER THE SITUATION PRESENTS A POTENTIAL CONFLICT OF INTEREST UNDER THIS POLICY AND DOCUMENT THEIR DETERMINATION IN WRITING. UNLESS THE SUPERVISOR IS ABLE TO CLEARLY DETERMINE THAT NO SUCH CONFLICT EXISTS OR IN THE CASE THAT THE INDIVIDUAL DISAGREES WITH THE SUPERVISOR'S DECISIONS, THE SUPERVISOR SHALL REQUIRE THE INDIVIDUAL TO DISCLOSE THE SITUATION IN WRITING AND THE SUPERVISOR AND/OR INDIVIDUAL SHALL FORWARD THAT DESCRIPTION TO AN APPROPRIATE VICE PRESIDENT OR SENIOR OFFICER OF THE UNIVERSITY. THE SUPERVISOR SHALL NOT PERMIT ANY INDIVIDUAL TO PARTICIPATE IN THE QUESTIONABLE ACTIVITY UNLESS AND UNTIL A VICE PRESIDENT OR SENIOR OFFICER OF THE UNIVERSITY HAS REVIEWED THE ACTIVITY AND CONFIRMED IN WRITING THAT THE ACTIVITY MAY CONTINUE AND/OR THAT THERE ARE RELEVANT SAFEGUARDS IN PLACE TO PROTECT THE UNIVERSITY. ANY INDIVIDUAL WHO DISAGREES WITH A CONFLICT-RELATED DECISION OF ANY VICE PRESIDENT OR SENIOR OFFICER MAY SEEK REVIEW BY THE PRESIDENT OF THE UNIVERSITY WHOSE DECISION SHALL BE FINAL. ON AN ANNUAL BASIS THE UNIVERSITY DISTRIBUTES AND REQUIRES INDIVIDUALS TO COMPLETE A STATEMENT A) CONFIRMING THAT THEY HAVE READ AND UNDERSTOOD THE CONFLICT OF INTEREST POLICY AND B) THAT THEY HAVE NO KNOWLEDGE OF ANY CONFLICT OF INTEREST EXCEPT FOR THOSE APPROPRIATELY DISCLOSED UNDER THE POLICY. FORM 990, PART VI, SECTION B, QUESTIONS 15A AND 15B COMPENSATION POLICY WESLEYAN UNIVERSITY'S SALARY ADMINISTRATION IS DESIGNED TO ACCOMPLISH THREE MAJOR OBJECTIVES: - ATTRACT AND RETAIN HIGHLY QUALIFIED STAFF MEMBERS; - LINK COMPENSATION TO PERFORMANCE; AND - PROMOTE CONSISTENCY AND AN INTERNALLY EQUITABLE RELATIONSHIP BETWEEN SALARY AND A COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES, COMPOSED OF THREE MEMBERS AND CHAIRED BY THE CHAIR OF THE BOARD OF TRUSTEES, IS RESPONSIBLE FOR EVALUATING THE COMPENSATION REASONABLENESS FOR ALL OFFICERS AND KEY EMPLOYEES AS DETERMINED FROM TIME TO TIME. THE COMMITTEE REVIEWS THE PERFORMANCE APPRAISAL OF THE PRESIDENT BY THE BOARD, DETERMINES THE COMPENSATION OF THE PRESIDENT, AND SETS GOALS AND PERFORMANCE MEASURES FOR THE FOLLOWING YEAR. THE COMMITTEE BEGINS DISCUSSION IN THE SECOND HALF OF THE ACADEMIC YEAR. WESLEYAN PARTICIPATES IN AN ANNUAL SURVEY OF ITS PEERS CONDUCTED BY A PRIVATE CONSULTANT. THIS PROCESS ENSURES THAT THE UNIVERSITY REMAINS CONSISTENT WITH THE REGULATORY AND LEGAL REQUIREMENTS OF COMPENSATION IN A 501(C)3 NON-PROFIT ORGANIZATION. THE PROCESS FOR DETERMINING THE COMPENSATION OF THE PRESIDENT MEETS THE THREE REQUIREMENTS OF THE REBUTTABLE PRESUMPTION STANDARD. THE COMPENSATION ARRANGMENT IS APPROVED IN ADVANCE BY THE ORGANIZATION'S COMPENSATION COMMITTEE. THE COMMITTEE IS APPOINTED BY THE BOARD OF TRUSTEES FOR THE PURPOSE OF ASSISTING THE BOARD TO FULFILL ITS RESPONSIBILITY TO THE ORGANIZATION AND THE COMMUNITY TO ENSURE THE COMPENSATION IS IN ACCORDANCE WITH THE ORGANIZATION'S POLICIES. PRIOR TO MAKING ANY COMPENSATION DECISIONS, THE EXECUTIVE COMPENSATION COMMITTEE OBTAINS AND RELIES UPON APPROPRIATE DATA AS TO COMPARABILITY. THE COMMITTEE UTILIZES LOCAL AND NATIONAL COMPENSATION SURVEYS TO SET COMPENSATION LEVELS. FINALLY, THE EXECUTIVE COMPENSATION COMMITTEE ADEQUATELY AND TIMELY DOCUMENTS THE BASIS FOR SETTING COMPENSATION CONCURRENTLY WITH THE MAKING OF THE DETERMINATION. FORM 990, PART VI, SECTION C, QUESTION 19 - PUBLIC DISCLOSURE THE UNIVERSITY POSTS ITS GOVERNING DOCUMENTS ON ITS WEBSITE AT WWW.WESLEYAN.EDU/GENERALCOUNSEL. IN ADDITION, THE UNIVERSITY'S AUDITED FINANCIAL STATEMENTS ARE ON ITS WEBSITE AT WWW.WESLEYAN.EDU/FINANCE. THE UNIVERSITY'S FORM 990 IS POSTED ON WWW.GUIDESTAR.ORG. THE FORM 990, AUDITED FINANCIAL STATEMENTS AND GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9 OTHER REVENUE NOT INCLUDED IN AFS NOT IN FORM 990: POSTRETIREMENT BENEFIT OBLIGATIONS CHANGES 1,154,000 CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS (944,000) ----------- 210,000 CHARITABLE REMAINDER TRUST (2) 237 HIGH STREET MIDDLETOWN CT 06459 INVESTING CT NA TRUST true CHARITABLE REMAINDER UNITRUST (13) 237 HIGH STREET MIDDLETOWN CT 06459 INVESTING CT NA TRUST true POOLED INCOME FUND (2) 237 HIGH STREET MIDDLETOWN CT 06459 INVESTING CT NA TRUST true LIFE INCOME AGREEMENTS (2) 237 HIGH STREET MIDDLETOWN CT 06459 INVESTING CT NA TRUST true false false false false false false false false false false false false false false false false false false true CHARITABLE REMAINDER TRUST S 1328873 FMV