2016-11-09T08:19:12-06:00 2016-06-30 BKD LLP 200 E Main St Suite 700 Fort Wayne IN 46802 990 2015-07-01 350885591 INDIANA WESLEYAN UNIVERSITY % NANCY SCHOONMAKER INDI 7656772947 4201 S WASHINGTON STREET MARION IN 46953 NANCY SCHOONMAKER CFO 7656772947 2016-11-15 true Joyce A Dulworth P00151125 2604604000 2015 2017-02-10 21:41:12Z NANCY SCHOONMAKER 4201 S WASHINGTON STREET MARION IN 46953 243386066 false X WWW.INDWES.EDU X 1920 IN INDIANA WESLEYAN UNIVERSITY IS A CHRIST-CENTERED ACADEMIC COMMUNITY COMMITTED TO CHANGING THE WORLD BY DEVELOPING STUDENTS IN CHARACTER, SCHOLARSHIP, AND LEADERSHIP. 30 25 4892 15 192007 155083 11327005 7822820 210636305 211109719 4193873 4621571 2611940 1233035 228769123 224787145 28421969 30885610 0 0 97283563 96601092 0 78115 1821285 91416317 89789020 217121849 217353837 11647274 7433308 478442166 480050683 55460604 58929276 422981562 421121407 X INDIANA WESLEYAN UNIVERSITY'S PURPOSE IS TO SEARCH FOR TRUTH, BY STUDY IN LIBERAL ARTS AND IN PROFESSIONAL EDUCATION WITHIN THE FRAMEWORK OF CHRISTIAN FAITH AND PHILOSOPHY SO THAT THE PERSON IS DEVELOPED FOR SERVICE TO GOD AND MAN IN THE CHURCH AND IN SOCIETY. true false 198100845 30885610 212357687 INSTRUCTION: THIS PROGRAM ENCOMPASSES A WIDE RANGE OF INSTRUCTIONS IN LIBERAL ARTS CURRICULUM, AS WELL AS PROVIDING TEXTBOOK DISTRIBUTION AND RESIDENTIAL DINING SERVICES FOR STUDENTS. BOOKSTORE: THIS PROGRAM SERVICE PROVIDES TEXTBOOK DISTRIBUTION FOR STUDENTS. FOOD SERVICE: THIS PROGRAM SERVICE PROVIDES STUDENTS RESIDENTIAL DINING SERVICES. 198100845 true true false false false false false false false true true false false false true false false true true true true true true true true false false true true true true false false false false false false true false true true true false false false true true true true false false true 413 0 true 4892 true true true false false false false false true 3 false false false false X 30 25 false false false false false false false true true false false true true true true true true true true false IN X NANCY SCHOONMAKER 7656772947 4201 S WASHINGTON STREET MARION IN 46953 DAVID WRIGHT UNIVERSITY PRESIDENT 40.0 0.0 X X 234211 0 88508 PAUL ANTHES TRUSTEE 1.0 0.0 X 0 0 0 DANIEL BICKEL TRUSTEE 1.0 0.0 X 0 0 0 DAVID BOYLE TRUSTEE - UNTIL 10/15 1.0 0.0 X 0 0 0 JOHN BRAY TRUSTEE - UNTIL 4/16 1.0 0.0 X 0 0 0 DON CADY TRUSTEE 1.0 0.0 X 0 0 0 MICHAEL CARMICHAEL TRUSTEE 1.0 0.0 X 0 0 0 CHRISTOPHER CONRAD TRUSTEE 1.0 0.0 X 0 0 0 STEVE DENEFF TRUSTEE 1.0 0.0 X 0 0 0 DAVID DIMMICH TRUSTEE 1.0 0.0 X 0 0 0 MARK ECKART TRUSTEE 1.0 0.0 X 0 0 0 STEVE EDMONDSON TRUSTEE 1.0 0.0 X 0 0 0 JEFF FREEMAN TRUSTEE 1.0 0.0 X 0 0 0 BARRY HINES TRUSTEE 1.0 0.0 X 0 0 0 KAREN HOLLENBECK TRUSTEE 1.0 0.0 X 0 0 0 MARK MEEKS TRUSTEE 1.0 0.0 X 0 0 0 KEVIN MYERS TRUSTEE 1.0 0.0 X 0 0 0 DONALD OTT TRUSTEE 1.0 0.0 X 0 0 0 GARY OTT TRUSTEE 1.0 0.0 X 0 0 0 PETRA RAY TRUSTEE 1.0 0.0 X 0 0 0 THOMAS SCHMIDT TRUSTEE 1.0 0.0 X 0 0 0 CARL SHEPHERD TRUSTEE 1.0 0.0 X 0 0 0 DALE SLOAN TRUSTEE 1.0 0.0 X 0 0 0 EVRETT SMITH TRUSTEE 1.0 0.0 X 0 0 0 ARON WILLIS TRUSTEE 1.0 0.0 X 0 0 0 SANTES BEATTY TRUSTEE - STARTED 6/16 1.0 0.0 X 0 0 0 NANCY CAMPBELL TRUSTEE - STARTED 6/16 1.0 0.0 X 0 0 0 SHAWN COSSIN TRUSTEE - STARTED 4/16 1.0 0.0 X 0 0 0 SHARON EPPS TRUSTEE 1.0 0.0 X 0 0 0 MARK GORVEATTE TRUSTEE 1.0 0.0 X 0 0 0 NATHAN HOOVER TRUSTEE - STARTED 6/16 1.0 0.0 X 0 0 0 JAMES POORE II TRUSTEE - STARTED 6/16 1.0 0.0 X 0 0 0 MALCOLM EVANS TRUSTEE - UNTIL 10/15 1.0 0.0 X 0 0 0 NANCY SCHOONMAKER CFO/VP OF BUSINESS AFFAIRS 40.0 0.0 X 124823 0 69201 AUDREY HAHN CEO/NON-RESIDENTIAL CAMPUS 40.0 0.0 X 152296 0 19105 DUANE KILTY ASSOC PROF & ASST TO PRESIDENT 40.0 0.0 X 170042 0 31204 DONALD SPROWL EXEC VP ACADEMIC AFFAIRS 40.0 0.0 X 140544 0 44515 R BOYD JOHNSON PROFESSOR/CHAIRPERSON 40.0 0.0 X 146222 0 15398 BRIAN GARDNER VP OF UNIVERSITY ADVANCEMENT 40.0 0.0 X 133901 0 35648 J KEITH NEWMAN CEO/RESIDENTIAL CAMPUS 40.0 0.0 X 149190 0 68262 1251229 0 371841 36 false true false HELIX EDUCATION GROUP 175 S WEST TEMPLE ST 700 SALT LAKE CITY UT 84101 ACCOUNTING/MARKETING 16131431 NCS PEARSON INC 21866 NETWORK PL CHICAGO IL 60673 LEARNING MANAGEMENT 5586078 PIONEER COLLEGE CATERERS 303 GLENROSE AVENUE NASHVILLE TN 37210 FOOD SERVICE 4519049 Keypath Education Inc 15500 W 113th St Ste 200 LENEXA KS 66219 ENROLLMENT SERVICES 2857677 Vital Source Technologies Inc 227 Fayetteville Street Suite 400 RALEIGH NC 27601 publishing services 1309926 34 74103 2597133 1285228 3866356 162000 7822820 TUITION AND FEES 900099 177201465 177201465 BOOKSTORE 451211 8907066 8907066 FOOD SERVICE 721310 9304980 9304980 RESIDENCE HALLS 721310 9325514 9325514 CONFERENCES 900099 2804541 2804541 3566153 3566153 211109719 4580719 192007 4388712 0 0 799209 786319 12890 0 12890 12890 17804281 17763429 40852 40852 40852 21350 74103 49173 -27823 -27823 0 0 CONTRIBUTION FROM WRC 900099 1247968 1247968 1247968 224787145 212357687 192007 4414631 88540 88540 30797070 30797070 0 0 1389600 1236744 138960 13896 0 70738278 62957067 7073828 707383 4585931 4081479 458593 45859 15157487 13490163 1515749 151575 4729796 4209518 472980 47298 0 184322 164047 18432 1843 1437994 1279815 143799 14380 0 78115 78115 444845 395913 44484 4448 13121896 11678488 1312189 131219 10295781 9163245 1029578 102958 6182305 5502251 618231 61823 7194307 6402933 719431 71943 0 5050717 4495138 505072 50507 1567481 1395058 156748 15675 0 727820 647760 72782 7278 148217 131913 14822 1482 0 12102678 10771383 1210268 121027 861076 766357 86108 8611 BOOKSTORE 7772488 7772488 FOOD SERVICE 4300565 4300565 PROFESSIONAL DEVELOPMENT 1636360 1456360 163636 16364 IWU SUBSIDIARIES 3135940 2790987 313594 31359 13624228 12125563 1362423 136242 217353837 198100845 17431707 1821285 903128 287239 14633493 16727514 908743 0 8591804 8161427 0 0 0 0 11133312 10239350 1559797 174567 2118429 2054703 403038784 130021320 277736943 273017464 154853089 163753599 0 0 0 0 0 0 6003428 5634820 478442166 480050683 25106725 27204766 0 0 3504071 4674240 15000000 15000000 0 0 0 0 0 0 0 0 11849808 12050270 55460604 58929276 X 352739299 355082357 22509966 17872455 47732297 48166595 422981562 421121407 478442166 480050683 X 7433308 -7394918 -1898545 X false true X true true true X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 145985049 9375236 -3622176 4900041 146838068 138534804 10568354 264795 3382904 145985049 107315991 15959410 17624735 2365332 138534804 82256405 16266288 11232368 2439070 107315991 80370755 7068750 -2189531 2993569 82256405 0.59000 0.32000 0.09000 true false 23350909 23350909 310441761 88318374 222123387 40890858 22343262 18547596 28355256 19359684 8995572 273017464 0 REFUNDABLE DEPOSITS & SECURITY 3287406 ACCUMULATED POSTRETIREMENT BEN 1468557 ANNUITY PAYMENT LIABILITY 2215361 FEDERAL ADVANCE FOR STUDENT LO 4491164 TRUST LIABILITIES 587782 12050270 187430649 -7394918 835492 -6559426 193990075 30797070 30797070 224787145 187392259 835492 835492 186556767 30797070 30797070 217353837 SCHEDULE D, PART V, LINE 4 THE UNIVERSITY'S ENDOWMENT CONSISTS OF APPROXIMATELY 300 INDIVIDUAL FUNDS ESTABLISHED FOR A VARIETY OF PURPOSES. THE ENDOWMENT INCLUDES BOTH DONOR-RESTRICTED ENDOWMENT FUNDS AND FUNDS DESIGNATED BY THE GOVERNING BODY TO FUNCTION AS ENDOWMENTS (BOARD-DESIGNATED ENDOWMENT FUNDS). AS REQUIRED BY ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA (GAAP), NET ASSETS ASSOCIATED WITH ENDOWMENT FUNDS, INCLUDING BOARD-DESIGNATED ENDOWMENT FUNDS, ARE CLASSIFIED AND REPORTED BASED ON THE EXISTENCE OR ABSENCE OF DONOR-IMPOSED RESTRICTIONS. ASC 740 FOOTNOTE 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 RECONCILIATION PART XI & XII LINE 2D RENTAL EXPENSE RECLASS $786,319 FUNDRAISING EXPENSE $ 49,173 TOTAL: $835,492 LINE 4B SCHOLARSHIPS $30,797,070 true true true true true true true false false false false false false false false true false true SCHEDULE E, PART I, LINE 3 THE NONDISCRIMINATION POLICY IS NOTED IN THE TRUSTEE BYLAWS, IN A BOARD APPROVED RESOLUTION, AND IN PROGRAM LITERATURE. SCHEDULE E, PART I, LINE 6A INDIANA WESLEYAN UNIVERSITY PARTICIPATES IN STUDENT AID PROGRAMS PROVIDED BY THE FEDERAL GOVERNMENT. true SUB-SAHARAN AFRICA PROGRAM SERVICES MISSION/ACADEMIC TRIPS 33416 EUROPE (INCLUDING ICELAND AND GREENLAND) PROGRAM SERVICES MISSION/ACADEMIC TRIPS 2243 EAST ASIA AND THE PACIFIC PROGRAM SERVICES MISSION/ACADEMIC TRIPS 185 EAST ASIA AND THE PACIFIC 1 PROGRAM SERVICES PROGRAM EXPENSES 4890944 EAST ASIA AND THE PACIFIC 1 PROGRAM SERVICES PROGRAM EXPENSES 224475 EAST ASIA AND THE PACIFIC PROGRAM SERVICES STUDENT FINANCIAL AID 500 EUROPE (INCLUDING ICELAND AND GREENLAND) PROGRAM SERVICES STUDENT FINANCIAL AID 16650 SUB-SAHARAN AFRICA PROGRAM SERVICES STUDENT FINANCIAL AID 3000 2 2 5171413 5171413 false false false false false false X X X X X X true JOHNSON GROSSNICKLE ASSOCIATES 29 S PARK BLVD GREENWOOD IN 46143 FEASBILITY STUDY false 78115 78115 AL AK AR CA CO CT DC FL HI LA MD MI MN MS MT NV NH NJ NY NC OR SC UT VA WA IWU Cup 36335 20455 15880 30035 Colescott Golf 34020 28580 5440 15054 2 25098 25098 4084 95453 74133 21320 49173 49173 -27853 true BOYS AND GIRLS CLUB 3402 S MERIDIAN ST MARION IN 46952 351065247 501(C)(3) 8000 OPERATING SUPPORT COMMUNITY FOUNDATION 505 WEST 3RD STREET MARION IN 46952 311117791 501(C)(3) 13000 OPERATING SUPPORT WESLEYAN CHURCH FOUNDATION PO BOX 50434 INDIANAPOLIS IN 46250 351148762 501(C)(3) 10000 OPERATING SUPPORT BAPTIST MINISTERS ALLIANCE 1204 W 14TH ST MARION IN 46953 351693624 501(C)(3) 6000 OPERATING SUPPORT UNITED WAY OF GRANT COUNTY PO BOX 61 MARION IN 46952 350995975 501(C)(3) 15000 OPERATING SUPPORT GRACE HOUSE FOR RECOVERY PO BOX 284 MARION IN 46952 352157300 501(C)(3) 8040 OPERATING SUPPORT CANCER SERVICES OF GRANT CTY 305 SOUTH NORTON AVE MARION IN 46952 351058216 501(C)(3) 6500 OPERATING SUPPORT BRIDGES TO HEALTH 1251 W KEM ROAD MARION IN 46592 205405181 501(C)(3) 12000 OPERATING SUPPORT 8 SCHOLARSHIPS 2795 30797070 SCHEDULE I, PART I, LINE 2 ANY SCHOLARSHIPS/GRANTS TO STUDENTS ARE DETERMINED BY THE FINANCIAL AID OFFICE IN WHICH EACH STUDENT FILE IS REVIEWED IN ACCORDANCE WITH DESIGNATED ELIGIBILITY REQUIREMENTS OF THE SCHOLARSHIPS OR GRANTS. SCHOLARSHIPS AND GRANTS ARE THEN MONITORED BY DISBURSING FUNDS FROM THE FINANCIAL AID OFFICE TO THE STUDENT ACCOUNT OFFICE. X X X X true true X X X X false false false false false false false false false DAVID WRIGHT UNIVERSITY PRESIDENT 234211 0 0 0 0 0 23668 0 64840 0 322719 0 NANCY SCHOONMAKER CFO/VP OF BUSINESS AFFAIRS 117516 0 0 0 7307 0 14623 0 54578 0 194024 0 DUANE KILTY ASSOC PROF & ASST TO PRESIDENT 165464 0 0 0 4578 0 15590 0 15614 0 201246 0 DONALD SPROWL EXEC VP ACADEMIC AFFAIRS 139272 0 0 0 1272 0 23715 0 20800 0 185059 0 R BOYD JOHNSON PROFESSOR/CHAIRPERSON 145224 0 0 0 998 0 8762 0 6636 0 161620 0 BRIAN GARDNER VP OF UNIVERSITY ADVANCEMENT 133496 0 0 0 405 0 13721 0 21927 0 169549 0 AUDREY HAHN CEO/NON-RESIDENTIAL CAMPUS 150261 0 0 0 2035 0 15326 0 3779 0 171401 0 J KEITH NEWMAN CEO/RESIDENTIAL CAMPUS 147781 0 0 0 1409 0 41976 0 26286 0 217452 0 SCHEDULE J, PART I, LINE 1A THE PRESIDENT HAS COUNTRY CLUB DUES PAID BY THE UNIVERSITY FOR BUSINESS ENTERTAINMENT PURPOSES. THE DUES ARE TAXABLE FOR PERSONAL USE. HOUSING AND PERSONAL SERVICES FOR THE PRESIDENT IS PROVIDED BY THE UNIVERSITY AND REQUIRED BY CONTRACT. THE RESIDENCE IS CONTIGUOUS TO THE CAMPUS, THE PRESIDENT IS REQUIRED TO LIVE THERE AND IS REQUIRED TO CONDUCT UNIVERSITY RELATED BUSINESS PER HIS CONTRACT. THIS AMOUNT IS NOT INCLUDED IN TAXABLE INCOME AND IS SHOWN IN COLUMN (D) FOR DAVID WRIGHT. A CITY OF MARION INDIANA SERIES 2006 356001102 569564BX4 2006-02-09 40000000 CONSTRUCTION false false false A 25000000 0 40000000 10130572 0 0 160120 23000 0 39750000 0 0 2007 false false true true A false false false false 0 false false false false A false false false false true false 0 false 0 false false A true SCHEDULE K, PART IV, LINE 2C THE FILING OF FORM 8038-T SHOULD BE HANDLED BY THE CITY OF MARION, WHO IS THE ISSUER OF THE BOND. 35029 TUITION REMISSION EDUCATIONAL PAUL ANTHES TRUSTEE 111076 INVESTMENTS FEES false GARY OTT TRUSTEE 2155759 LEASE false JERRY SHEPHERD BROTHER OF CARL SHEPHERD 96370 COMPENSATED BY UNIVERSITY false TOM SLOAN BROTHER OF DALE SLOAN 55511 COMPENSATED BY UNIVERSITY false PART IV Paul Anthes serves as President of Financial Advisory Corporation (FAC) and serves as Secretary of Board of Trustees at IWU. FAC provides investment advisory services for University endowment funds. FAC does not serve as custodian or manager of invested funds and only provides advisory services which custodian(s) and/or fund manager(s) use. The University receives monthly investment statements directly from the custodian of the funds independent of FAC. Additionally, the University has adopted an investment management policy and regularly reviews investment performance and asset allocation within the parameters of this policy. Finally, as an additional measure of independence, FAC receives a set fee for their services and not a percentage of the earnings on the invested funds. Mr. Anthes does not serve on the investment committee of the board. Gary Ott is the President of Tender Love and Care Management, which manages the Wesleyan Retirement Center. CARL SHEPHERD AND DALE SLOAN, BOTH TRUSTEES OF INDIANA WESLEYAN UNIVERSITY, HAVE FAMILY MEMBERS WHO ARE EMPLOYED BY THE UNIVERSITY. X VEHICLE PARTS 1 5000 FMV X ANNUITIES 5 157000 FMV 1 false true true PART I, QUESTION 32A IWU PARTNERS WITH IDONATE TO PROCESS CASH AND NONCASH CONTRIBUTIONS. FORM 990, PART III, LINE 2 DURING FISCAL YEAR 2016, RON BLUE INSTITUTE WAS CREATED BY INDIANA WESLEYAN UNIVERSITY. Ron Blue Institute for Financial Planning, LLC (RBI) is a wholly-owned subsidiary of Indiana Wesleyan University. RBI's strategy is to deliver Biblically-based financial wisdom to the body of Christ by providing thought leadership and content through professional, church and academic channels. RBI offers a certified financial planning program through IWU's DeVoe School of Business. This program is approved by the CFP Board of Standards and contains all educational requirements for the CFP Certification examination. FORM 990, PART VI, SECTION A, LINE 1B BOARD MEMBERS PAUL ANTHES, GARY OTT, CARL SHEPHERD, AND DALE SLOAN ARE NON-INDEPENDENT DUE TO INFORMATION DISCLOSED ON SCHEDULE L. UNIVERSITY PRESIDENT, DAVID WRIGHT, IS NON INDEPENDENT BECAUSE HE IS A COMPENSATED EMPLOYEE OF IWU. FORM 990, PART VI, SECTION B, LINE 11B THE ENTIRE BOARD RECEIVES A COPY OF THE RETURN BEFORE FILING. IT IS ALSO REVIEWED BY AN INDEPENDENT CPA FIRM. PART VI, SECTION B, LINE 12C INDIANA WESLEYAN'S CONFLICT OF INTEREST POLICY IS SIGNED ANNUALLY BY THE OFFICERS, TRUSTEES AND KEY EMPLOYEES. THE AUDIT COMMITTEE OF THE BOARD OF TRUSTEES ANNUALLY REVIEWS THE POLICY. THE COMPLETED QUESTIONNAIRES ARE REVIEWED BY THE BOARD OF TRUSTEES CHAIRPERSON AND PRESIDENT. FORM 990, PART VI, SECTION B, LINE 15A & 15B THE COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES ANNUALLY REVIEWS AND SETS THE PRESIDENT'S SALARY BASED ON AN EXTERNAL BENCHMARK, WHICH IS THE 75TH PERCENTILE OF PRESIDENTS OF SCHOOLS IN THE COUNCIL OF CHRISTIAN COLLEGES AND UNIVERSITIES. IN TURN, KEY EMPLOYEES ARE BENCHMARKED BY THE 75TH PERCENTILE FOR THEIR DISCIPLINE. ALL OTHER COMPENSATION IS REVIEWED AND APPROVED BY EXECUTIVE EMPLOYEES. FORM 990, PART VI, SECTION C, LINE 19 COPIES OF DOCUMENTS AND POLICIES CAN BE OBTAINED BY CONTACTING THE OFFICE OF THE VICE PRESIDENT FOR BUSINESS AFFAIRS. PART XI, RECONCILIATION OF NET ASSETS LINE 9 LOSS ON UNEARNED REVENUE MODIFICATION (1,432,918) EXCHANGE RATE LOSS ON CONTRIBUTIONS (25,334) CHANGE IN VALUE OF SPLIT-INTEREST AGREEMENTS (166,176) CHANGE IN BENEFICIAL INTEREST IN PERPETUAL TRUSTS (274,322) TOTAL: (1,898,545) IWU HOLDINGS LLC 4201 S WASHINGTON ST MARION IN 46936 471041098 EDUCATION IN 2436767 6592538 IWU RON BLUE INSTITUTE FOR FINANCIAL PLANNIN 4201 S WASHINGTON ST MARION IN 46953 473753426 EDUCATION IN 553519 175077 IWU WESLEYAN RETIREMENT CENTER 4201 S WASHINGTON STREET MARION IN 46953 351449080 ELDER CARE IN 501(C)(3) 11A IWU true WESLEYAN CHURCH CORPORATION PO BOX 50434 INDIANAPOLIS IN 46250 351148762 RELIGIOUS ORG IN 501(C)(3) 1 NA false INDEPENDENT COLLEGES OF INDIANA INC 30 SOUTH MERIDIAN STREET SUITE 800 INDIANAPOLIS IN 46204 310901001 EDUCATION IN 501(C)(3) 11A NA false EXCELSIA INC 4200 SOUTH WASHINGTON STREET MARION IN 46953 813027493 SUPPORT IN 501(C)(3) IWUH true CRT (3) CHAR. REM. TRUSTS IN NA false false true true false false false false false false false false false false false false false false false false WESLEYAN CHURCH CORPORATION C 1312133 CASH WESLEYAN RETIREMENT CENTER C 1285000 CASH