2017-04-18T20:40:41+00:00 2016-05-31 421029744 TD&T CPAS AND ADVISORS PC 317 HIGH AVE E OSKALOOSA IA 525772823 990 2015-06-01 420680332 IOWA WESLEYAN UNIVERSITY IOWA 3193856206 601 N MAIN STREET MT PLEASANT IA 52641 STEVEN TITUS PRESIDENT 3193856206 2017-04-18 true JOSEPH B RYAN CPA P00769873 6416722523 2017-04-18 2015 2021-01-29 14:40:06Z STEVEN TITUS 601 N MAIN STREET MT PLEASANT IA 52641 15560376 false X WWW.IWC.EDU X 1842 IA THE MISSION OF IOWA WESLEYAN UNIVERSITY IS TO PREPARE STUDENTS TO SUCCEED IN A CHANGING GLOBAL ENVIRONMENT. 30 29 369 50 0 1498867 2371278 12206146 12978108 530966 -36720 69585 58480 14305564 15371146 4346630 4982927 0 7301341 6084278 0 479793 7229457 7624541 18877428 18691746 -4571864 -3320600 41069618 38662700 20214348 21293949 20855270 17368751 X THE MISSION OF IOWA WESLEYAN UNIVERSITY IS TO PREPARE STUDENTS TO SUCCEED IN A CHANGING GLOBAL ENVIRONMENT. IOWA WESLEYAN IS A FOUR YEAR LIBERAL ARTS UNIVERSITY PROVIDING QUALITY INDIVIDUALIZED LEARNING EXPERIENCES THAT COMBINE THE DEVELOPMENT OF THE INTELLECT WITH ADAPTIVE LIFE SKILLS. THE UNIVERSITY IS AFFILIATED WITH THE UNITED METHODIST CHURCH WITH WHICH IT SHARES A COMMITMENT TO SPIRITUAL VALUES, SOCIAL JUSTICE AND HUMAN WELFARE. false false 4980373 10295743 THE UNIVERSITY IS ACCREDITED AS A BACCALAUREATE INSTITUTION BY THE NORTH CENTRAL ASSOC. OF COLLEGES AND UNIVERSITIES. STUDENT PAYMENTS OF TUITION AND SERVICE FEES ARE USED TO PROVIDE THE HIGHEST POSSIBLE QUALITY EDUCATION AT THE LOWEST POSSIBLE COST. THE UNIVERSITY HAD 885 FULL AND PART TIME STUDENTS ENROLLED DURING THE FALL AND SPRING SEMESTERS. 2064415 AUXILLARY ENTERPRISES FOR THE BENEFIT OF THE STUDENTS (RESIDENCE HALLS, DINING, ETC. THE UNIVERSITY HAD 237 STUDENTS LIVING ON CAMPUS DURING THE SPRING 2016 SEMESTER. ALL STUDENTS LIVING ON CAMPUS ALSO PURCHASED MEAL PLANS. 4982927 4982927 SCHOLARSHIP PROGRAMS FOR SCHOLARSHIPS AND GRANTS TO 410 STUDENTS. 3326298 STUDENTS SERVICES, INCLUDING STUDENT DEVELOPMENT, ACADEMIC AND CAREER COUNSELING, ATHLETICS, FINANCIAL ASSISTANCE AND OTHER SERVICES, WAS PROVIDED TO 885 FULL AND PART TIME STUDENTS. 3326298 15354013 true true false false 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 true false false false false false false false false false true true false false false false false false false false true 23 0 true 369 true false false false false false false false false false false X 30 29 false false false false false false false true true false false false true true true true true true true false X CHRIS PLUNKETT 3193856206 601 N MAIN STREET MT PLEASANT IA 52641 JOHN BADGER TRUSTEE 1.00 X 0 0 0 DENISE BAKER TRUSTEE 1.00 X 0 0 0 JAMES BROCKWAY TRUSTEE 1.00 X 0 0 0 DWAYNE CAPPER TRUSTEE 1.00 X 0 0 0 MARY ELGAR SECRETARY 1.00 X X 0 0 0 RICHARD FERGUSON CHR. ENROLL. 1.00 X X 0 0 0 ELIZABETH GARRELS CHR. UNIV. A 1.00 X X 0 0 0 STEVE HEDLUND CHR. GOVER. 1.00 X X 0 0 0 BYRON JOHNSON CHR. FINANCE 1.00 X X 0 0 0 JASON KIESEY TRUSTEE 1.00 X 0 0 0 WALLACE LOH TRUSTEE 1.00 X 0 0 0 DAVID MCCOID TRUSTEE 1.00 X 0 0 0 MICK MICHAEL TRUSTEE 1.00 X 0 0 0 MICHAEL MORGAN VICE CHAIRPE 1.00 X X 0 0 0 VINCE NACCARATO TRUSTEE 1.00 X 0 0 0 KATHY NELLOR TRUSTEE 1.00 X 0 0 0 DENNIS PEDRICK TRUSTEE 1.00 X 0 0 0 RANDALL PERRY CHR. CHURCH 1.00 X X 0 0 0 W CHRISTINE RAUSCHER TRUSTEE 1.00 X 0 0 0 THEODORE ROTH TRUSTEE 1.00 X 0 0 0 JD SCHIMMELPFENNIG TRUSTEE 1.00 X 0 0 0 ANNETTE SCIESZINSKI CHR. ACAD. A 1.00 X X 0 0 0 LILIAN SEAGREN TRUSTEE 1.00 X 0 0 0 GARY SHAW TRUSTEE 1.00 X 0 0 0 DEBORAH STOWERS TRUSTEE 1.00 X 0 0 0 KENT SWAIM TRUSTEE 1.00 X 0 0 0 CHRIS VAN GELS CHR. FACILIT 1.00 X X 0 0 0 DON WILEY CHAIRMAN 1.00 X X 0 0 0 COLIN WOODS TRUSTEE 1.00 X 0 0 0 LORI WRIGHT TRUSTEE 1.00 X 0 0 0 STEVEN TITUS PRESIDENT 50.00 X 236661 0 26084 SCOTT BRIELL SR. VP OF EN 50.00 X 137919 0 18438 MEG RICHTMAN VP INSTITUTI 50.00 X 111249 0 25290 SHANE DOLOHANTY SENIOR VP & 50.00 X 90835 0 13954 DEWAYNE FRAZIER VP ACADEMIC 50.00 X 82225 0 12385 WESLEY BROOKS VP STUD, AFF 50.00 X 49113 0 9833 LINDA BUCHANAN VP & DEAN OF 50.00 X 44078 0 4919 CHRIS PLUNKETT VP OF FINANC 50.00 X 0 0 0 752080 110903 3 false true false SODEXHO AMERICA 601 N MAIN MT PLEASANT IA 52641 FOOD SERVICE 838978 NATIONAL MANAGEMENT RESOURCES PO BOX 1224 LAGRANGR GA 30241 MAINTENANCE 826133 US BANK PO BOX 790408 ST LOUIS MO 63179 CREDIT CARD 447777 ROYALL & COMPANY 1920 E PARHAM RD RICHMOND VA 23228 CONSULTING 237229 AMERICAN EXPRESS 101 WALL STREET NEW YORK NY 10010 CREDIT CARD 230968 10 114986 2256292 85819 2371278 TUITION AND FEES 611600 10295743 10295743 ROOM & BOARD 721310 2373403 2373403 BOOKSTORE 900099 236280 236280 MISC FEES 900099 46908 46908 FINANCE CHARGE 451211 25774 25774 12978108 151510 151510 58480 58480 58480 58480 1000 189230 -189230 1000 -188230 -188230 15371146 10295743 2704125 4982927 4982927 604250 231863 239025 133362 4143630 3379662 564127 199841 51127 28786 20066 2275 890467 703775 142957 43735 394804 251691 121161 21952 162250 162250 68515 68515 66449 6034 60415 34316 3285 30761 270 744848 713704 20257 10887 281796 202627 65577 13592 61331 38297 19778 3256 743427 683953 52040 7434 986977 908019 69088 9870 260046 82158 177888 FOOD SERVICE CONTRACT 1652810 1652810 CONTRACT SERVICES 1060037 693444 363833 2760 SUPPLIES 595816 525663 64684 5469 OTHER 178910 30306 141804 6800 727013 235009 473714 18290 18691746 15354013 2857940 479793 1545 1544 316228 651333 83484 73816 179978 166809 359412 258993 291813 355712 42075841 20048460 22816106 22027381 9413584 1996536 7607468 13130576 41069618 38662700 956647 913176 75563 28108 172858 81763 10802502 10400147 7963473 9624088 243305 246667 20214348 21293949 X 2413345 -807272 3450014 3088770 14991911 15087253 20855270 17368751 41069618 38662700 -3320600 -473583 307664 X false true X true true true X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 704794 X X X false 14451710 166855 -598274 955000 13065291 14492061 124843 290493 455687 14451710 13386500 651392 921525 467356 14492061 12534095 672148 1098605 918348 13386500 12297104 968928 -731937 12534095 1.00000 true false 363027 363027 59917 31991990 11607764 20444143 845419 651309 194110 8016691 6995651 1021040 798797 793736 5061 22027381 SAVINGS ACCTS & CDS 7226676 BENEFICIAL INTEREST IN PERPETUAL TRU 3906540 COLLECTIONS 704794 DEBT SERVICE RESERVE FUND 364438 MINERAL RIGHTS 310000 UNAMORTIZED LOAN COSTS 239632 CASH SURRENDER VALUE OF LIFE INS 205615 PROPERTY HELD FOR SALE 172881 13130576 ANNUITY OBLIGATIONS 198009 STUDENT DEPOSITS 48658 246667 X 10330098 -473583 360749 -112834 10442932 4928214 4928214 15371146 13763532 13763532 4928214 4928214 18691746 SCHEDULE D, PAGE 2, PART III, LINE 4 THE UNIVERSITY'S FINE ART COLLECTION INCLUDES DRAWINGS, PAINTINGS, FURNITURE AND SCULPTURES THAT ARE MAINTAINED FOR PURPOSES OF SCHOLARLY RESEARCH, PUBLIC EXHIBITS AND PRESERVATION FOR FUTURE GENERATIONS. SCHEDULE D, PAGE 2, PART V, LINE 4 ENDOWMENT FUNDS ARE INVESTED AND THE REVENUE OF SUCH IS USED PRIMARILY TO FUND GRANTS AND SCHOLARSHIPS TO QUALIFIED STUDENTS OF THE UNIVERSITY. SCHEDULE D, PAGE 3, PART X 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 CHANGE IN SPLIT INTEREST AGREEMENT 360,749 SCHEDULE D, PAGE 4, PART XI, LINE 4B SCH & GRANTS NETTED REVENUE 4,928,214 SCHEDULE D, PAGE 4, PART XII, LINE 4B SCH & GRANTS NETTED REVENUE 4,928,214 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 THE ORGANIZATION RECEIVES STUDENT FINANCIAL ASSISTANCE THROUGH THE DEPARTMENT OF EDUCATION. THE FOLLOWING PROGRAMS ARE ADMINISTERED THROUGH THE UNIVERSITY: DIRECT STUDENT LOANS, PELL GRANTS, SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANTS, WORK-STUDY, PERKINS LOANS, AND TEACH GRANTS. FOR THE YEAR ENDED MAY 31, 2016 THE ORGANIZATION HAD 4,242,215 IN FEDERAL EXPENDITURES RELATED TO THE PROGRAMS. true FEDERAL SUPPLEMENTAL EDUC 172 72951 INSTITUTION SCHOLARSHIPS 238 4909976 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 STEVEN TITUS PRESIDENT 236661 7200 18884 262745 SCOTT BRIELL SR. VP OF ENROLLMENT 137919 3438 15000 156357 A IOWA HIGHER EDUCATION LOAN 421235696 462460LJ3 2006-05-01 5750000 CAMPUS IMPROVEMENTS false false false B CITY OF MT PLEASANT IA 426004995 2011-05-01 7000000 CAMPUS IMPROVEMENTS false false false A 5750000 364455 3780000 210000 1386328 false true true true B 7000000 112100 5318839 1569061 false false false true A false false false false false false true B false false false false false false true A false false false false false false false false true B false false false false false false false false true A true B true DON WILEY SEE PART V 71093 SEE PART V false DON WILEY SEE PART V 2221482 SEE PART V false SCHEDULE L, PART V FORM 990, SCHEDULE L, PART IV, LINE (1) THE UNIVERSITY RECEIVES COMPETITIVE BIDS AND ALL WORK AWARDED TO TAFT-WILEY IS BASED ON LOWEST BID. DON WILEY, BOARD TRUSTEE, IS THE BROTHER OF THE OWNER OF TAFT-WILEY, INC., A COMPANY THAT PROVIDED COOLING AND HEATING SERVICES FOR THE UNIVERSITY FOR THE CURRENT YEAR-END. FORM 990, SCHEDULE L, PART IV, LINE (2) DON WILEY, BOARD TRUSTEE, IS ALSO A BOARD MEMBER FOR TWO RIVERS BANK AND TRUST. THE UNIVERSITY OBTAINED A 2,750,000 REVOLVING NOTE FROM TWO RIVERS BANK AND TRUST. MR. WILEY ABSTAINS FROM ALL VOTING REGARDING TRANSACTIONS BETWEEN THE BANK AND THE UNIVERSITY. THE CURRENT BALANCE AS OF MAY 31, 2016 WAS 2,221,482. X 2272 FAIR VALUE X 7 80190 FAIR VALUE X EQUIPMENT 10 3357 FAIR VALUE false false true SCHEDULE M, PAGE 1, PART I, LINE 32B THE UNIVERSITY USES AN INDEPENDENT BROKER TO SELL SECURITIES RECEIVED AS A NONCASH CONTRIBUTION. FORM 990 - ORGANIZATION'S MISSION THE MISSION OF IOWA WESLEYAN UNIVERSITY IS TO PREPARE STUDENTS TO SUCCEED IN A CHANGING GLOBAL ENVIRONMENT. IOWA WESLEYAN IS A FOUR YEAR LIBERAL ARTS UNIVERSITY PROVIDING QUALITY INDIVIDUALIZED LEARNING EXPERIENCES THAT COMBINE THE DEVELOPMENT OF THE INTELLECT WITH ADAPTIVE LIFE SKILLS. THE UNIVERSITY IS AFFILIATED WITH THE UNITED METHODIST CHURCH WITH WHICH IT SHARES A COMMITMENT TO SPIRITUAL VALUES, SOCIAL JUSTICE AND HUMAN WELFARE. FORM 990, PAGE 2, PART III, LINE 4D STUDENTS SERVICES, INCLUDING STUDENT DEVELOPMENT, ACADEMIC AND CAREER COUNSELING, ATHLETICS, FINANCIAL ASSISTANCE AND OTHER SERVICES, WAS PROVIDED TO 885 FULL AND PART TIME STUDENTS. FORM 990, PAGE 6, PART VI, LINE 11B WHILE ANY MEMBER OF THE BOARD MAY REQUEST A COPY OF THE FORM 990 AT ANY TIME, ALL OF THE MEMBERS ARE NOT ASKED TO REVIEW A DRAFT PRIOR TO THE FILING. THE AUDIT COMMITTEE REVIEWS THE RESULTS OF THE AUDIT WITH MANAGEMENT AND THE OUTSIDE AUDITOR. AS THE FINANCIAL INFORMATION REFLECTED IN THE AUDITED FINANCIAL STATEMENTS IS UTILIZED IN THE FORM 990, THE AUDIT COMMITTEE REQUIRES THE CONTROLLER TO RECONCILE THE FINANCIAL INFORMATION REFLECTED IN THE FORM 990 TO THE AUDITED FINANCIAL STATEMENTS. ANY EXCEPTIONS NOTED BY THE CONTROLLER ARE TO BE BROUGHT TO THE ATTENTION OF THE CFO AND THE CHAIR OF THE AUDIT COMMITTEE. THE CHAIR OF THE AUDIT COMMITTEE REVIEWS THE ENTIRE DRAFT OF THE FORM 990 AND DISCUSSES ANY QUESTIONS OR CONCERNS FROM THIS REVIEW WITH THE CFO, CONTROLLER, OUTSIDE AUDITOR OR OTHER TRUSTEES AS IS APPROPRIATE PRIOR TO THE FILING OF THE FORM. FORM 990, PAGE 6, PART VI, LINE 12C THE UNIVERSITY TRUSTEES VOLUNTARILY REPORT CONFLICTS AND ABSTAIN FROM VOTING ON ISSUES IN WHICH CONFLICTS EXIST. FORM 990, PAGE 6, PART VI, LINE 15A SALARIES ARE DETERMINED BY COMPARISONS WITH APPROPRIATE BENCHMARKING SURVEYS AND AVAILABLE RESOURCES. THE PRESIDENTIAL REVIEW COMMITTEE MEETS TO REVIEW THE PRESIDENT'S SALARY. FORM 990, PAGE 6, PART VI, LINE 15B SALARIES ARE DETERMINED BY COMPARISONS WITH APPROPRIATE BENCHMARKING SURVEYS AND AVAILABLE RESOURCES. FORM 990, PAGE 6, PART VI, LINE 19 THE DOCUMENTS ARE PROVIDED TO THE BOARD AND AVAILABLE TO ANYONE ELSE UPON REQUEST. FORM 990, PART XI, LINE 9 CHANGE IN SPLIT INTEREST AGREEMENT 360,749 CHANGE IN ESTIMATE OF BENEFICIAL INTEREST -53,085 TOTAL 307,664