2017-02-24T14:42:51-06:00 2016-06-30 BKD LLP 201 N Illinois Street Indianapolis IN 46204 990 2015-07-01 350868096 Hanover College % HEATHER CHISM HANO 8128667000 495 COLLEGE AVENUE HANOVER IN 47243 MICHAEL BRUCE VP-BUSINESS AFFAIRS 2016-05-15 true NICOLE B FISHBACK P01279475 3173834000 2016-05-15 2015 2021-01-29 14:40:06Z X LAKE LAMBERT PRESIDENT 495 COLLEGE AVENUE HANOVER IN 47243 80551891 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. 27 26 919 26 -347011 -382030 2005522 2793666 46282921 47550350 2640525 4397048 11374 28168 50940342 54769232 22695524 23827403 0 0 20227218 19995756 0 0 1544844 15966603 19614956 58889345 63438115 -7949003 -8668883 229946723 211519105 29546705 27111897 200400018 184407208 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 50051499 23827403 38968528 COLLEGE: INSTRUCTIONAL SALARIES, STUDENT FINANCIAL AID AND OTHER COSTS WHICH ARE INCURRED TO PROVIDE EDUCATIONAL OPPORTUNITIES FOR THE STUDENTS. APPROXIMATELY 1,133 STUDENTS ATTENDED HANOVER DURING THE YEAR. 6552673 8640396 AUXILIARY ACTIVITIES: EXPENSES INCURRED FOR RESIDENTIAL HALLS, DINING HALL, CAMPUS CENTER AND VARIOUS ENTERPRISES WHICH PROVIDE GOODS AND SERVICES TO THE STUDENTS. 56604172 true true false false false false false true false true true true false true true false true false true false true false false false true false false false true true true false false false false false false false false false false true true false false true true false false false true 180 0 true 919 true true true false false false false false false false false false X 27 26 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 1.0 X X 151715 0 19871 ELAINE KOPS-BEDEL BOARD MEMBER 1.0 0.0 X 0 0 0 DIMA ELISSA BOARD MEMBER 1.0 0.0 X 0 0 0 MATT FORRESTER BOARD MEMBER 1.0 0.0 X 0 0 0 REVEREND L JOHN GABLE BOARD MEMBER 1.0 0.0 X 0 0 0 MARK GABRIEL BOARD MEMBER 1.0 0.0 X 0 0 0 JAMES R GAUNT BOARD MEMBER 1.0 0.0 X 0 0 0 KENNETH L GLADISH BOARD MEMBER 1.0 0.0 X 0 0 0 DR KRISTINE RECTOR GLEASON BOARD MEMBER 1.0 0.0 X 0 0 0 J JOSEPH HALE JR BOARD MEMBER 1.0 0.0 X 0 0 0 ROSS HUBBARD BOARD MEMBER 1.0 0.0 X 0 0 0 Isaac Kwaku Foukuo Jr BOARD MEMBER 1.0 0.0 X 0 0 0 MARK A LEVETT VICE CHAIRMAN 1.0 0.0 X X 0 0 0 GEOFFREY R LORENZ BOARD MEMBER 1.0 0.0 X 0 0 0 J BARTON LUEDEKE PHD BOARD MEMBER 1.0 0.0 X 0 0 0 VERONICA WITT MARTIN BOARD MEMBER 1.0 0.0 X 0 0 0 GARY B MONTGOMERY BOARD MEMBER 1.0 0.0 X 0 0 0 JAMES L CHIP PEASE 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 CHRIS WELKER BOARD MEMBER 1.0 0.0 X 0 0 0 MARK WILLIAMS BOARD MEMBER 1.0 0.0 X 0 0 0 GREG WILLMAN BOARD MEMBER 1.0 0.0 X 0 0 0 MICHAEL B ZEDDIES BOARD MEMBER 1.0 0.0 X 0 0 0 J MICHAEL BRUCE VP - BUSINESS AFFAIRS 50.0 0.0 X 190937 0 24808 DR SUE DEWINE PRESIDENT (1/1-6/30) 50.0 0.0 X 257139 0 14999 JEFFREY CONNER ASSOC. PROF-BUSINESS(1/1-8/31) 50.0 0.0 X 189988 0 23655 JONATHAN SMITH PROFESSOR OF ENGLISH(1/1-8/31) 50.0 0.0 X 150908 0 17503 JOHN AHRENS PROF. OF PHILOSOPHY(1/1-8/31) 50.0 0.0 X 126887 0 19746 STEVEN H JOBE ACADEMIC DEAN 50.0 0.0 X 129305 0 19806 JONATHAN MILLER HEAD MEN'S BASKETBALL COACH 50.0 0.0 X 117535 0 14036 1314414 0 154424 12 false true false Sodexo Inc and Affiliates 10 EARHART DRIVE WILLIAMSVILLE NC 14221 CONTRACTOR 2301866 SBM MANAGEMENT SERVICES 5241 ARNOLD AVENUE MCCLELLAN CA 95652 CONTRACTOR 668961 RWSETTERLIN BUILDING COMPANY 560 HARMON AVENUE COLUMBUS OH 46250 CONTRACTOR 549500 VISION PAINTING INC 8035 CRAIG STREET SUITE A INDIANAPOLIS IN 46250 CONTRACTOR 477950 REPP AND MUNDT 1604 COTTAGE AVENUE COLUMBUS IN 472020368 CONTRACTOR 277160 9 79035 2714631 225501 2793666 STUDENT FEES AND TUITION 611600 38737115 38737115 DINING HALL/SNACKS 611600 3671282 3671282 RESIDENCES 611600 4724635 4724635 COLLEGE STORE 611600 47111 47111 SUMMER CONFERENCES 611600 116934 116934 253273 253273 47550350 3726562 -385241 4111803 0 0 0 0 0 26286060 148214 25674148 89640 611912 58574 670486 58574 611912 8809 79035 18871 -10062 -10062 0 0 HORNER CENTER MEMBERSHIPS 713940 38230 38230 38230 54769232 47608924 -347011 4713653 0 23827403 23827403 0 0 659469 237409 171462 250598 0 15288568 13580513 1155933 552122 1048340 896248 100760 51332 1886253 1625624 150623 110006 1113126 967923 88358 56845 0 26983 11175 15808 88448 88448 0 0 2603275 2603275 2071797 1794652 227314 49831 298904 148874 150030 1419328 1153707 169036 96585 211271 120533 90738 0 2613500 2508293 77985 27222 1629617 1451757 119797 58063 0 61504 54354 5007 2143 829813 809282 14293 6238 0 3653835 3452153 198288 3394 577086 532782 38662 5642 STUDENT MEAL PLANS 2005084 2005084 OFF CAMPUS STUDY FEES 377117 377117 UNIFORMS 76577 75786 603 188 ON CAMPUS ENTERTAINMENT 55720 50680 2195 2845 1015097 922823 61252 31022 63438115 56604172 5289099 1544844 9622 10476 9043628 3110055 1652094 1334651 246319 2305450 0 0 0 0 215604 203604 0 0 667233 505568 128115743 68079030 62860212 60036713 6243162 5905541 136720306 127023139 0 0 0 0 12288543 11083908 229946723 211519105 2987648 2977937 0 0 1388089 1213071 21248480 20170563 0 0 0 0 1500000 500000 0 0 2422488 2250326 29546705 27111897 X 85408093 79862881 22298444 12564080 92693481 91980247 200400018 184407208 229946723 211519105 -8668883 -7323927 X false true X true true true X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1087405 X X X X false 149372264 368218 -3596544 7369835 2603275 136170828 151105668 926168 8511094 8526874 2643792 149372264 136789516 2867058 22709563 8983506 2276963 151105668 127857917 2006261 16070612 6975425 2169849 136789516 137218865 3665932 -3131335 9665006 230539 127857917 0.22310 0.10300 0.67390 true false 1087652 1087652 101955026 48962395 52992631 0 10701752 9029058 1672694 14371313 10087577 4283736 60036713 ALTERNATIVE INVESTMENTS 127023139 F 127023139 INSURANCE 193506 PERPETUAL TRUSTS 9507737 BOND ISSUE COST 202771 REMAINDER TRUST 1179894 11083908 0 ANNUITIES PAYABLE 2250326 2250326 21036498 -7323927 3000 18871 -7302056 28338554 2603275 23827403 26430678 54769232 37029308 3000 18871 21871 37007437 2603275 23827403 26430678 63438115 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 $ 18,871 SPECIAL EVENTS EXPENSE SCHEDULE D, PART XI, LINE 4B OTHER RECONCILING ITEM $ 23,827,403 SCHOLARSHIPS SCHEDULE D, PART XII, LINE 2D OTHER RECONCILING ITEM $ 18,871 SPECIAL EVENTS EXPENSE SCHEDULE D, PART XII, LINE 4D OTHER RECONCILING ITEM $ 23,827,403 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. Central America and the Caribbean Investments N/A 2328782 2328782 2328782 true false true true false false GUEST ARTIST 87844 79035 8809 388 18483 0 87844 79035 8809 388 18483 18871 -10062 true SCHOLARSHIPS/FINANCIAL AID 1138 23827403 SCHEDULE I, PART I, LINE 2 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 true false false false false false false false false DR LAKE LAMBERT III PRESIDENT 151715 0 0 0 0 0 12000 0 7871 0 171586 0 0 0 J MICHAEL BRUCE VP - BUSINESS AFFAIRS 190937 0 0 0 0 0 15754 0 9054 0 215745 0 0 0 DR SUE DEWINE PRESIDENT (1/1-6/30) 257139 0 0 0 0 0 12980 0 2019 0 272138 0 0 0 JEFFREY CONNER ASSOC. PROF-BUSINESS(1/1-8/31) 64034 0 0 0 125954 0 13358 0 10297 0 213643 0 0 0 JONATHAN SMITH PROFESSOR OF ENGLISH(1/1-8/31) 47265 0 0 0 103643 0 12240 0 5263 0 168411 0 0 0 SCHEDULE J, PART I, LINE 1A 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. SCHEDULE J, PART I, LINE 4A JEFFREY CONNER, JONATHAN SMITH, AND JOHN AHRENS RECEIVED SEVERANCE PAYMENTS AS PART OF AN EARLY RETIREMENT AGREEMENT. THESE AMOUNTS ARE INCLUDED WITH REPORTABLE COMPENSATION ON THE FORM 990, PART VII AND REPORTED AS OTHER REPORTABLE COMPENSATION ON SCHEDULE J, PART II. A INDIANA HEALTH AND EDUCATIONAL FACILITY FINANCING 351611409 2007-05-01 6000 RESIDENCE HALL RENOVATION false false false B INDIANA FINANCE AUTHORITY 351602316 45506DHMO 2013-04-19 18029643 RENOVATION/UPDATED SYSTEMS false false false A 0 0 6225910 0 0 0 57150 0 0 6168760 0 0 2008 false false true true B 0 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 B false false false false 0 false false false true A false true false false 0 false 0 false true B false true false false 0 false 0 false true A true B true SCHEDULE K, PART IV, LINE 2C 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. X 1228 FAIR MARKET VALUE X 5031 FAIR MARKET VALUE X 29 185169 FAIR MARKET VALUE X 1 6653 FAIR MARKET VALUE X 10 9512 FAIR MARKET VALUE X SPORTS EQUIPMENT 1 1100 FAIR MARKET VALUE X RAFFLE/AUCTION ITEMS 151 16809 FAIR MARKET VALUE false true true SCHEDULE M, PART I, LINE 32A THIRD PARTIES WHO SELL NONCASH CONTRIBUTIONS THE ORGANIZATION USES CITY SECURITIES AND CHARLES SCHWAB TO SELL STOCK GIFTS. 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. DEWINE RETIRED ON JUNE 30, 2015 AND DR. LAKE LAMBERT BEGAIN JULY 1, 2015. 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 2016. 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. FORM 990, PART VII COMPENSATION COMPENSATION ON PART VII IS REPORTED FOR THE CALENDAR YEAR END 12/31/2015 PER THE INSTRUCTIONS TO THE FORM 990. DR. DEWINE IS REPORTED AS AN OFFICER ON PART VII TO REPORT THE COMPENSATION PAID TO HER FROM JANUARY 1, 2015 THROUGH JUNE 30, 2015 WHEN SHE RETIRED. OLD MILL LLC 495 COLLEGE AVENUE HANOVER IN 47243 351920556 CATERING IN 7265 1000 HANOVER COLL INDEPENDENT COLLEGES OF INDIANA INC 30 SOUTH MERIDIAN STREET INDIANAPOLIS IN 46204 310901001 EDU SUPPORT IN 501(C)3 11A 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