2017-04-12T09:30:40-05:00 2016-05-31 272616366 Ebelhar Whitehead PLLC 100 West Third Street Suite 200 Owensboro KY 42303 990 2015-06-01 610466713 Kentucky Wesleyan College KENT 2709263111 3000 Frederica Street Owensboro KY 42301 CINDRA K STIFF VICE PRESIDENT OF FINANCE 2709263111 2017-04-12 1 Joshua D Meyer CPA P01229485 2709262922 2015 2017-02-10 21:41:12Z CINDRA K STIFF 3000 Frederica Street Owensboro KY 42301 40195507 0 X www.kwc.edu X 1858 KY FOSTER A LIBERAL ARTS EDUCATION THAT NOURISHES, STIMULATES AND PREPARES FUTURE LEADERS INTELLECTUALLY, SPIRITUALLY AND PHYSICALLY TO ACHIEVE SUCCESS IN LIFE. 34 34 572 46 0 0 8961984 3406851 17152233 18090820 1426662 1272192 141200 130752 27682079 22900615 6460832 6802735 0 0 6784724 7378961 0 0 241318 8374331 8920695 21619887 23102391 6062192 -201776 56585427 54519481 13728417 14424433 42857010 40095048 FOSTER A LIBERAL ARTS EDUCATION THAT NOURISHES, STIMULATES AND PREPARES FUTURE LEADERS INTELLECTUALLY, SPIRITUALLY AND PHYSICALLY TO ACHIEVE SUCCESS IN LIFE. 0 0 20215854 6802735 18207317 KENTUCKY WESLEYAN COLLEGE, IN PARTNERSHIP WITH THE UNITEDMETHODIST CHURCH, PROVIDES INSTRUCTION AND RELATED ACTIVITIES TOSTUDENTS BY OFFERING A QUALITY LIBERAL ARTS EDUCATION ANDOPPORTUNITIES FOR PERSONAL GROWTH AND LEADERSHIP. 20215854 1 1 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 1 0 0 0 0 0 1 0 0 0 1 1 0 0 0 1 0 1 0 1 1 0 0 0 0 0 0 0 0 1 61 0 1 572 1 0 0 0 0 0 0 0 0 0 0 X 34 34 1 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 0 1 1 0 KY X Stephanie Snyder 2709263111 3000 FREDERICA ST OWENSBORO KY 42301 Connie Lou Barnett Trustee/Secretary 1.00 X 0 0 0 Darren Brandon Trustee 1.00 X 0 0 0 Brian A Cromer Trustee 1.00 X 0 0 0 Bill Davis Trustee 1.00 X 0 0 0 Deborah Carter Dearing Trustee 1.00 X 0 0 0 Thomas W Eblen Trustee 1.00 X 0 0 0 Sherry Feldpausch Trustee 1.00 X 0 0 0 Wm Jeffery Foreman Trustee 1.00 X 0 0 0 K Wayne Foster Trustee 1.00 X 0 0 0 A Kelly Frank Trustee 1.00 X 0 0 0 Thomas B Grieb Trustee/Chair 1.00 X 0 0 0 James J Griffin Trustee 1.00 X 0 0 0 Harold L Hall II Trustee 1.00 X 0 0 0 D Talmage Hocker Trustee 1.00 X 0 0 0 Arba L Kenner Trustee 1.00 X 0 0 0 Dennis W Kirtley Trustee/Vice-President 1.00 X 0 0 0 Thomas C Major Trustee 1.00 X 0 0 0 E Phillips Malone Esq Trustee 1.00 X 0 0 0 Don P Moore III Trustee/Treasurer 1.00 X 0 0 0 C Kenneth Peters Trustee 1.00 X 0 0 0 Randall L Raskin Trustee 1.00 X 0 0 0 J Charles Schertzinger Trustee 1.00 X 0 0 0 R Mitchel Settle Trustee 1.00 X 0 0 0 Ruth C Seydel Trustee 1.00 X 0 0 0 Phillip J Shepherd Trustee 1.00 X 0 0 0 Jay F Smith Trustee 1.00 X 0 0 0 David RWatkins Trustee 1.00 X 0 0 0 Jack T Wells Trustee 1.00 X 0 0 0 Henry Connor Ex-Officio 1.00 X 0 0 0 Wesley Emory Clark Ex-Officio 1.00 X 0 0 0 Mark A Gibbons Ex-Officio 1.00 X 0 0 0 Simeon Pogue Ex-Officio 1.00 X 0 0 0 Bishop Lindsay Davis Ex-Officio 1.00 X 0 0 0 George Greenwell Emeriti 1.00 X 0 0 0 David E Hocker Emeriti 1.00 X 0 0 0 WR Jennings Emeriti 1.00 X 0 0 0 Joseph Kenny Emeriti 1.00 X 0 0 0 J Edward Maddox Emeriti 1.00 X 0 0 0 Wade Mountz Emeriti 1.00 X 0 0 0 W Glenn Sowards Emeriti 1.00 X 0 0 0 Ann Smiser Emeriti 1.00 X 0 0 0 Piny Smith Emeriti 1.00 X 0 0 0 John H Wallace Jr Emeriti 1.00 X 0 0 0 Philip A Patterson Trustee 1.00 X 0 0 0 John A Paris Trustee 1.00 X 0 0 0 ELIZABETH MAUZY-MARTIN Trustee 1.00 X 0 0 0 Barton Darrell President 40.00 X 170116 0 9119 Thomas Keith V.P. of Advancement 40.00 X 113301 0 12077 Paula Dehn Academic Affairs/Dean of C 40.00 X 123600 0 7883 Cindra Stiff V.P. of Finance 40.00 X 107100 0 7490 Scott Kramer V.P. of Student Services 40.00 X 87500 0 2111 Robert Mallory Director of Athletics 40.00 X 38800 0 3299 640417 0 41979 4 0 1 0 Sodexo Inc & Affiliates 3000 Frederica Street Owensboro KY 42301 FOOD 1391761 Rusher Construction Company 3357 Leitchfield Road Owensboro KY 42303 CONSTRUCTION 741928 2 722431 2684420 40615 3406851 TUITION & FEES 611600 14623752 14623752 AUXILIARY INCOME 611710 3041785 3041785 OTHER SOURCES 611710 425283 425283 18090820 1377587 1377587 214248 97751 116497 116497 116497 17071937 17177332 -105395 -105395 -105395 34064 19809 14255 14255 22900615 18207317 0 1286447 6802735 6802735 677725 677725 5219245 3610645 1436228 172372 127139 75647 45577 5915 933742 555573 334729 43440 421110 250559 150960 19591 1058094 1058094 19056 19056 86389 86389 136793 136793 134851 134851 480811 480811 294058 294058 486139 486139 116227 116227 488115 488115 874734 874734 196875 196875 STUDENT SERVICES 1385447 1385447 AUXILARY 1228403 1228403 INSTITUTIONAL 831241 831241 INSTRUCTIONAL 714408 714408 389054 389054 23102391 20215854 2645219 241318 200692 343128 2211246 2746831 434163 543696 500 500 958192 963277 116986 115110 38897723 18877605 19609014 20020118 24593541 25038876 8461093 4747945 56585427 54519481 2001375 1179872 1332049 1232297 8604090 10192073 1790903 1820191 13728417 14424433 X 3746177 2184513 2226896 1805575 36883937 36104960 42857010 40095048 56585427 54519481 X -201776 -2139128 -421058 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 37471515 154802 -1714910 1143603 440332 34327472 32630440 5574744 551744 1183721 101692 37471515 30309315 1147186 2415482 1115150 126393 32630440 28095788 151095 2945079 791477 91170 30309315 29501267 123384 -631384 805777 91702 28095788 0.99250 0.00750 1 0 240000 100417 340417 1510000 26326732 10693279 17143453 4014636 2206992 1807644 6702533 5977334 725199 3405 3405 20020118 FUNDS HELD IN TRUST BY OTHERS 4066170 CASH SURRENDER VALUE OF LIFE INS. 477572 BEQUEST RECEIVABLE 204203 4747945 DEPOSITS & AGENCY FUNDS 131209 ANNUITIES PAYABLE 205654 ASSET RETIREMENT OBLIGATION 275846 REFUNDABLE U.S. GOV LOAN FUNDS 850197 POSTRETIREMENT BENEFIT LIABILITIES 357285 1820191 X 16060803 19809 19809 16040994 6859621 6859621 22900615 16319465 19809 19809 16299656 6802735 6802735 23102391 Part V, Line 4: PRESERVATION OF CAPITAL - OVER THE INVESTMENT TIME HORIZON, CAPITAL GAINS ARE TO BE PROTECTED. A POSITIVE RETURN IS EXPECTED OVER THE INVESTMENT TIME HORIZON; ALTHOUGH THERE MAY BE PERIODS WITH NEGATIVE RETURNS. DURING THE INTERIM, THE FUND MAY SACRIFICE SOME POSITIVE RETURNS IN ORDER TO PROTECT AGAINST LOSSES. PRESERVATION OF PURCHASING POWER - ASSET GROWTH, EXCLUSIVE OF CONTRIBUTIONS AND WITHDRAWALS, SHOULD EXCEED THE RATE OF INFLATION IN ORDER TO PRESERVE PURCHASING POWER OF THE FUND'S ASSETS. THE FUND IS WILLING TO ASSUME A MODERATE AMOUNT OF RISK IN ORDER TO REACH ITS LONG-TERM GROWTH OBJECTIVES. ANNUAL SPENDABLE INCOME - AN ANNUAL SPENDABLE INCOME (EARNED INCOME AND REALIZED GAINS) AS APPROVED BY THE FINANCE COMMITTEE WILL SUPPORT THE COLLEGE GENERAL OPERATIONS AND RESTRICTED PROGRAMS IN ACCORDANCE WITH THE DONOR SPECIFICATIONS. Part X, Line 2: THE COLLEGE IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (IRC) AND A SIMILAR PROVISION OF STATE LAW. THE COLLEGE HAS BEEN CLASSIFIED AS A PUBLIC CHARITY QUALIFIED FOR CHARITABLE CONTRIBUTIONS UNDER IRC SECTION 170. HOWEVER THE COLLEGE IS SUBJECT TO FEDERAL INCOME TAX ON ANY UNRELATED BUSINESS TAXABLE INCOME. THE COLLEGE IS NOT CONSIDERED TO BE A PRIVATE FOUNDATION. THE COLLEGE FILES TAX RETURNS IN THE US FEDERAL JURISDICTION. WITH FEW EXCEPTIONS, THE COLLEGE IS NO LONGER SUBJECT TO US FEDERAL INCOME TAX EXAMINATIONS BY TAX AUTHORITIES FOR YEARS BEFORE 2013. Part XI, Line 2d - Other Adjustments: SPECIAL EVENT EXPENSE 19,809. Part XI, Line 4b - Other Adjustments: STUDENT AID DISCOUNTS 6,802,735. NON-OPERATING INVESTMENT INCOME 56,886. Part XII, Line 2d - Other Adjustments: SPECIAL EVENT EXPENSE 19,809. Part XII, Line 4b - Other Adjustments: STUDENT AID DISCOUNTS 6,802,735. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 Schedule E, Part I, Line 3 CATALOG AND SOLICITATION MATERIAL HAVE STATEMENTS REGARDING NONDISCRIMINATION. Schedule E, Part I, Line 6 THE ORGANIZATION RECEIVES FINANCIAL AID FROM THE U.S. DEPARTMENT OF EDUCATION. FAST CATS CROSS COUNTRY CLASSIC 15064 15064 1512 10121 BASEBALL GOLF SCRAMBLE 19000 19000 1100 4500 665 1911 34064 34064 2612 4500 665 12032 19809 14255 1 STUDENT AID DISCOUNTS 694 6802735 Part I, Line 2: SCHOLARSHIPS ARE MONITORED BY THE FINANCIAL AID OFFICE AND THE BUSINESS OFFICE. THE FINANCIAL AID OFFICE AWARDS ALL SCHOLARSHIPS TO STUDENTS BASED ON THEIR FINANCIAL NEED AND ACADEMIC MERIT. THE BUSINESS OFFICE MONITORS SCHOLARSHIPS BASED ON THE SATISFACTORY ACADEMIC PROGRESS POLICY INSTITUTED BY THE INSTITUTION. BOTH THE FINANCIAL AID OFFICE AND BUSINESS OFFICE RECONCILE ALL SCHOLARSHIPS EACH SEMESTER TO VERIFY THAT THEY INDEED ARE CORRECT ON THE STUDENTS ACCOUNT AND IN THE G/L SYSTEM. X X X 1 1 X X 0 0 0 0 0 0 0 0 0 Barton Darrell President 0 0 170116 0 0 0 2977 0 6142 0 179235 0 0 0 Part I, Line 1a THE PRESIDENT OF THE INSTITUTION HAS A SPECIFIC CUSTODIAN FOR HIS HOME. THE CUSTODIAN THAT CLEANS THE PRESIDENT'S HOME IS AN EMPLOYEE OF A THIRD PARTY VENDOR, GAC, WHO IS PAID MONTHLY PER THEIR CONTRACT TERMS. SCOTT KRAMER OFFICER KWC LOAN FUND X 1000 500 0 0 1 500 DON MOORE II TRUSTEE/TREASURER 25590 VEHICLE MAINTENANCE 0 THOMAS MAJOR TRUSTEE 66214 INSURANCE 0 X 3 40615 STOCK QUOTE 0 0 0 Form 990, Part VI, Section A, line 2 DAVID HOCKER (TRUSTEE EMERITI) IS FATHER OF D. TALMAGE HOCKER (TRUSTEE) AND BROTHER-IN-LAW TO HAROLD HALL (TRUSTEE). HAROLD HALL (TRUSTEE) IS UNCLE TO D. TALMAGE HOCKER (TRUSTEE). Form 990, Part VI, Section B, line 11 THE V.P. OF FINANCE AND THE CONTROLLER REVIEW THE DRAFT OF THE 990 AND SUPPLY A COPY TO THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES VIA EMAIL BEFORE FILING THE FINAL 990 TAX RETURN. Form 990, Part VI, Section B, line 12c ALL OFFICERS, TRUSTEES, AND KEY EMPLOYEES ARE REQUIRED TO COMPLETE AN ANNUAL FORM STATING THEIR COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY. Form 990, Part VI, Section B, line 15 LINE 15A, MANAGEMENT - THE BOARD OF TRUSTEES REFERENCES OTHER COMPARABLE SMALL COLLEGE COMPENSATION DATA FROM ACB & CIC TO NEGOTIATE BEGINNING SALARY AND BENEFITS OF INCOMING PRESIDENTS; ANNUAL REVIEW OF JOB PERFORMANCE IS COMPLETED WITH THE BOARD OF TRUSTEE CHAIRMAN. LINE 15B, KEY EMPLOYEES - SALARY DATA FROM OTHER COMPARABLE INSTITUTIONS IS USED TO DETERMINE BEGINNING SALARIES OF ALL OFFICERS; NEGOTIATIONS ARE MANAGED BY THE COLLEGE PRESIDENT; ANNUAL REVIEW OF JOB PERFORMANCE AND SALARY LEVEL IS COMPLETED FOR EACH OFFICER BY THE PRESIDENT; ANNUAL AIKCU SALARY DATA BY POSITION IS ALSO REFERENCED. Form 990, Part VI, Section C, line 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. Form 990, Part XI, line 9: PRESENT VALUE ADJUSTMENT OF ANNUITIES 5,884. CHANGE IN VALUE OF BENEFICIAL INTEREST IN TRUSTS -286,413. LOAN REPAYMENTS 700. REDUCTION IN BEQUEST -141,229.