2018-05-01T11:42:13-04:00 2017-06-30 203934956 WHISMAN GIORDANO & ASSOCIATES LLC 111 CONTINENTAL DR STE 210 NEWARK DE 197134330 990 2016-07-01 510064335 WESLEY COLLEGE INC WESL 3027362566 120 NORTH STATE STREET DOVER DE 199013835 BELINDA BURKE VP OF FINANCE 3027362571 2018-05-01 true JOSEPH A GIORDANO CPA P00578904 3022660202 2018-05-01 A7C5D6A724A04B973C2053CEB65C0BEAAFF2FE7D 4CD7EB480A27E4FDC1DFDE3B5C47D7777D798199 2016 2021-01-29 14:40:06Z ROBERT CLARK II 120 NORTH STATE STREET DOVER DE 19901 51730996 false X WWW.WESLEY.EDU X 1873 DE WESLEY COLLEGE IS A UNITED METHODIST INSTITUTION OF HIGHER EDUCATION THAT SEEKS TO BE AMONG THE FINEST STUDENT-CENTERED LEARNING COMMUNITIES IN THE LIBERAL ARTS TRADITION. CONSISTENT WITH OUR METHODIST HERITAGE, THE COLLEGE AFFIRMS MEANING AND PURPOSE IN LIFE THROUGH JUSTICE, COMPASSION, INCLUSION AND SOCIAL RESPONSIBILITY THAT ENHANCE COMMUNITY LIFE AND RESPECT FOR THE ENVIRONMENT. WESLEY COLLEGE EXISTS TO LIBERATE AND EMPOWER ITS STUDENTS WITH THE KNOWLEDGE, SKILLS, ETHICAL ATTITUDES AND CAPACITY FOR CRITICAL THINKING NEEDED TO ACHIEVE PERSONAL AND PROFESSIONAL GOALS AND TO CONTRIBUTE TO THE LOCAL AND GLOBAL SOCIETY. 26 26 940 0 2442278 2654226 47039939 43884814 396879 539393 908199 1248470 50787295 48326903 0 0 15441854 15468353 0 739548 35795483 33530677 51237337 48999030 -450042 -672127 38670184 36111808 12693477 10681112 25976707 25430696 X WESLEY COLLEGE IS A UNITED METHODIST INSTITUTION OF HIGHER EDUCATION THAT SEEKS TO BE AMONG THE FINEST STUDENT-CENTERED LEARNING COMMUNITIES IN THE LIBERAL ARTS TRADITION. CONSISTENT WITH OUR METHODIST HERITAGE, THE COLLEGE AFFIRMS MEANING AND PURPOSE IN LIFE THROUGH JUSTICE, COMPASSION, INCLUSION AND SOCIAL RESPONSIBILITY THAT ENHANCE COMMUNITY LIFE AND RESPECT FOR THE ENVIRONMENT. WESLEY COLLEGE EXISTS TO LIBERATE AND EMPOWER ITS STUDENTS WITH THE KNOWLEDGE, SKILLS, ETHICAL ATTITUDES AND CAPACITY FOR CRITICAL THINKING NEEDED TO ACHIEVE PERSONAL AND PROFESSIONAL GOALS AND TO CONTRIBUTE TO THE LOCAL AND GLOBAL SOCIETY. false false 39082203 WESLEY COLLEGE IS A UNITED METHODIST INSTITUTION OF HIGHER EDUCATION THAT SEEKS TO BE AMONG THE FINEST STUDENT-CENTERED LEARNING COMMUNITIES IN THE LIBERAL ARTS TRADITION. CONSISTENT WITH OUR METHODIST HERITAGE, THE COLLEGE AFFIRMS MEANING AND PURPOSE IN LIFE THROUGH JUSTICE, COMPASSION, INCLUSION AND SOCIAL RESPONSIBILITY THAT ENHANCE COMMUNITY LIFE AND RESPECT FOR THE ENVIRONMENT. WESLEY COLLEGE EXISTS TO LIBERATE AND EMPOWER ITS STUDENTS WITH THE KNOWLEDGE, SKILLS, ETHICAL ATTITUDES AND CAPACITY FOR CRITICAL THINKING NEEDED TO ACHIEVE PERSONAL AND PROFESSIONAL GOALS AND TO CONTRIBUTE TO THE LOCAL AND GLOBAL SOCIETY. 39082203 true true false false false false false false false true true false false false true true true false true false false false false false false false false false false true false false false false false false false false false false false false false false false false false true 105 0 940 true false false false false false false X 26 26 false false false false false false false true true false false false true true true true true true true false X X OFFICE OF THE CFO 3027362571 120 NORTH STATE STREET DOVER DE 19901 WILLIAM J STRICKLAND CHAIR 1.00 X X 0 0 0 WILLIAM H WILLIS JR VICE CHAIR 1.00 X X 0 0 0 DWAYNE HOLDEN SECRETARY 1.00 X X 0 0 0 CHARLES R DASHIELL JR MEMBER 1.00 X 0 0 0 CHARLES BURTON MEMBER 1.00 X 0 0 0 DR WILLIAM E BAZZELLE SR MEMBER 1.00 X 0 0 0 DAVID V BLAEUER MEMBER 1.00 X 0 0 0 SCOTT R BROWN MEMBER 1.00 X 0 0 0 STEPHANIE SMITH CHRISTIANO MEMBER 1.00 X 0 0 0 TIMOTHY J CONSTANTINE MEMBER 1.00 X 0 0 0 REV BOYD B ETTER MEMBER 1.00 X 0 0 0 REV VICKI GORDY-STITH MEMBER 1.00 X 0 0 0 ROBERT VA HARRA JR MEMBER 1.00 X 0 0 0 REV W LEROY JONES MEMBER 1.00 X 0 0 0 ALAN B LEVIN MEMBER 1.00 X 0 0 0 DONALD L MASTEN MEMBER 1.00 X 0 0 0 REV CHARLOTTE A NICHOLS MEMBER 1.00 X 0 0 0 REV TOM A PASMOR MEMBER 1.00 X 0 0 0 REV KYUNG-HEE SA MEMBER 1.00 X 0 0 0 MATTHEW T SELLITTO MEMBER 1.00 X 0 0 0 DR RAFAEL ZARAGOZA MEMBER 1.00 X 0 0 0 GREGORY V MOORE MEMBER 1.00 X 0 0 0 HARRY D SKIPWILLIS MEMBER 1.00 X 0 0 0 KEVIN BAIRD MEMBER 1.00 X 0 0 0 LARRY MERCARDANTE MEMBER 1.00 X 0 0 0 HONORABLE CHARLES H TOLIVER IV MEMBER 1.00 X 0 0 0 ROBERT CLARK II PRESIDENT 40.00 X 235560 0 38182 CHRISTINE GIBSON PHD VP OF FINANC 40.00 X 152027 0 21527 CHRIS WOOD VP/INSTIT'L 40.00 X 103759 0 3123 BELINDA BURKE VP OF FINANC X 0 0 0 MALCOLM D'SOUZA PROFESSOR 40.00 X 139536 0 24000 JEFF GIBSON VP FOR ACADE 40.00 X 132835 0 8456 MICHAEL P DRASS ATHLETIC DIR 40.00 X 114922 0 25187 PATRICIA PATTERSON DIR OF GRADU 40.00 X 110977 0 20224 CHRISTOPHER DEARTH VP OF ENROLL 40.00 X 106902 0 13830 WILLIAM JOHNSTON PRESIDENT X 487122 0 0 1583640 154529 9 true true false ARAMARK FOOD SERVICE 100 PENN SQUARE EAST PHILADELPHIA PA 19101 FOOD SERVICE 2751121 NATIONAL MANAGEMENT RESOURCES CORP 113 CORPORATE PARK E CT LAGRANGE GA 30241 MAINTENANCE 1946604 ELLUCIAN COMPANY LP 4 COUNTRY VIEW ROAD MALVERN PA 19355 TECHNOLOGY 1363424 CITY OF DOVER 860 BUTTNER PL DOVER DE 19904 UTILITIES 819525 L W INSURANCE AGENCY 1154 S GOVERNORS AVE DOVER DE 19904 INSURANCE 720942 17 1062877 1591349 2654226 TUITION AND FEES 34885045 34885045 AUXILIARY OPERATIONS 8999769 8999769 43884814 99584 99584 3824602 19300 3404093 420509 19300 439809 420509 19300 OTHER REVENUE 1248470 1248470 1248470 48326903 45553793 118884 424083 318062 106021 12046608 10071620 1654110 320878 430099 346065 73291 10743 1744576 1197203 475662 71711 822987 666815 126572 29600 62020 4501 57519 112361 112361 44284 9918 11670 22696 450286 261848 152831 35607 1378335 29167 1349168 7052376 2583097 4436655 32624 278202 258634 16220 3348 73505 50940 17863 4702 445847 445847 1752039 1749509 2530 343112 343112 GRANTS, SCHOLARSHIPS, ETC 16782744 16782744 DINING HALL 2543924 2543924 STUDENT SERVICES 1017658 1017658 OTHER EXPENSES-PROGRAM 656242 656242 537742 406471 29653 101618 48999030 39082203 9177279 739548 640422 1605477 242357 298598 1524670 1600606 1021269 728493 12618 132225 63931834 35602828 29003250 28329006 6201188 3409223 24410 8180 38670184 36111808 2017854 1692312 888218 513192 8698651 7586761 1088754 888847 12693477 10681112 X 14040062 15128014 7195314 7644517 4741331 2658165 25976707 25430696 38670184 36111808 -672127 88429 37687 X false true X true true true X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 4741331 19324 2475 4763130 4697889 43442 303 4741331 4671332 26557 2185 4697889 4653194 18138 4671332 4534166 119028 4653194 false false 3204025 3204025 40881374 22123754 18757620 277153 277153 12999280 10681992 2317288 6570002 2797082 3772920 28329006 STUDENT ACTIVITIES 708116 LEASES PAYABLE 178437 FAIR VALUE IN INTEREST RATE SWAPS 2294 888847 X 48453019 88429 37687 126116 48326903 48326903 48999030 48999030 48999030 SCHEDULE D, PAGE 3, PART X THE COLLEGE QUALIFIES AS A TAX-EXEMPT ORGANIZATION UNDER SECTION 501(C) (3) OF THE INTERNAL REVENUE CODE; ACCORDINGLY, NO PROVISION FOR INCOME TAXES HAS BEEN MADE IN THE FINANCIAL STATEMENTS. ALTHOUGH THE COLLEGE IS NOT SUBJECT TO FEDERAL AND STATE INCOME TAXES, THE ENTITY WAS REQUIRED TO ADOPT ASC 740 "ACCOUNTING FOR INCOME TAXES", WHICH APPLIES TO ALL ENTITIES INCLUDING THOSE THAT ARE TAX EXEMPT UNDER 501(C) (3). ASC 740 CLARIFIES THE ACCOUNTING AND REPORTING FOR INCOME TAXES WHERE INTERPRETATION OF THE TAX LAW MAY BE UNCERTAIN. ASC 740 PRESCRIBES A COMPREHENSIVE MODEL FOR THE FINANCIAL STATEMENT RECOGNITION, MEASUREMENT, PRESENTATION AND DISCLOSURE OF INCOME TAX UNCERTAINTIES WITH RESPECT TO POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN TAX RETURNS. MANAGEMENT HAS REVIEWED ITS CURRENT AND PAST FEDERAL INCOME TAX POSITIONS AND HAS DETERMINED, BASED ON CLEAR AND UNAMBIGUOUS TAX LAW AND REGULATIONS, THAT THE TAX POSITIONS TAKEN ARE CERTAIN AND THAT THERE IS NO LIKELIHOOD THAT A MATERIAL TAX ASSESSMENT WOULD BE MADE IF THE RESPECTIVE GOVERNMENT AGENCY EXAMINED TAX RETURNS SUBJECT TO AUDIT. ACCORDINGLY, NO PROVISION FOR THE EFFECTS OF UNCERTAIN TAX POSITIONS HAS BEEN RECORDED. CURRENTLY, THE 2014, 2015, AND 2016 TAX YEARS ARE OPEN AND SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE. HOWEVER, THE ENTITY IS NOT CURRENTLY UNDER AUDIT NOR HAS THE COLLEGE BEEN CONTACTED BY THIS JURISDICTION. ANY INTEREST AND PENALTIES RELATED TO INCOME TAXES WOULD BE RECORDED AS INCOME TAX EXPENSE. THERE ARE NO INTEREST AND PENALTIES AS OF JUNE 30, 2017. SCHEDULE D, PAGE 4, PART XI, LINE 2D CHANGE IN FAIR VALUE OF SWAP 37,687 true true true true true true true false false false false false false false false true false true SCHEDULE E, LINE 3 A NON-DISCRIMINATION POLICY STATEMENT IS INCLUDED IN EVERY STUDENT HANDOUT WHICH IS DISTRIBUTED TO ALL POTENTIAL STUDENTS SCHEDULE E, LINE 6 MONEY IS RECEIVED FROM THE DEPARTMENT OF EDUCATION AND AWARDED TO STUDENTS ACCORDING TO APPLICABLE FEDERAL GUIDELINES. X true true false false false false false false false false false ROBERT CLARK II PRESIDENT 235560 38182 273742 CHRISTINE GIBSON PHD VP OF FINANCE 152027 8800 12727 173554 MALCOLM D'SOUZA PROFESSOR 139536 24000 163536 WILLIAM JOHNSTON PRESIDENT 487122 487122 FORM 990 - ORGANIZATION'S MISSION WESLEY COLLEGE IS A UNITED METHODIST INSTITUTION OF HIGHER EDUCATION THAT SEEKS TO BE AMONG THE FINEST STUDENT-CENTERED LEARNING COMMUNITIES IN THE LIBERAL ARTS TRADITION. CONSISTENT WITH OUR METHODIST HERITAGE, THE COLLEGE AFFIRMS MEANING AND PURPOSE IN LIFE THROUGH JUSTICE, COMPASSION, INCLUSION AND SOCIAL RESPONSIBILITY THAT ENHANCE COMMUNITY LIFE AND RESPECT FOR THE ENVIRONMENT. WESLEY COLLEGE EXISTS TO LIBERATE AND EMPOWER ITS STUDENTS WITH THE KNOWLEDGE, SKILLS, ETHICAL ATTITUDES AND CAPACITY FOR CRITICAL THINKING NEEDED TO ACHIEVE PERSONAL AND PROFESSIONAL GOALS AND TO CONTRIBUTE TO THE LOCAL AND GLOBAL SOCIETY. FORM 990, PAGE 6, PART VI, LINE 11B REVIEWED BY GOVERNING BOARD BEFORE FILING. FORM 990, PAGE 6, PART VI, LINE 12C CFO MONITORS ALL MATTERS RELATED TO CONFLICT OF INTEREST FORM 990, PAGE 6, PART VI, LINE 15A EXECUTIVE COMMITTEE CONDUCTS AN ANNUAL REVIEW AND ADJUST SALARIES ACCORDINGLY. FORM 990, PAGE 6, PART VI, LINE 15B CEO CONDUCTS AN ANNUAL PERFORMANCE REVIEW FOR ALL TOP LEVEL (KEY) EMPLOYEES. FORM 990, PAGE 6, PART VI, LINE 19 THE ORGANIZATIONS GOVERNING DOCUMENTS ARE ON RECORD WITH THE STATE OF DELAWARE, AND ARE AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9 CHANGE IN FAIR VALUE OF SWAP 37,687