2016-05-16T16:39:52-05:00 2015-06-30 350921680 CROWE HORWATH LLP 225 West Wacker Drive Suite 2600 Chicago IL 606061224 990 2014-07-01 350869045 DEPAUW UNIVERSITY DEPA 7656584800 PO BOX 37 GREENCASTLE IN 46135 BRADLEY A KELSHEIMER VP FOR FINANCE & ADMINISTRATION 2016-05-16 true Nicole Bencik P00756195 3128997000 2014 2016-08-17 19:52:53Z BRIAN W CASEY PRESIDENT PO BOX 37 GREENCASTLE IN 46135 281457711 false X WWW.DEPAUW.EDU X 1837 IN DePauw is a nationally-recognized, leading liberal arts college committed to creating an atmosphere of intellectual challenge & social engagement that prepares students for lifelong success. 44 43 2150 143 4245959 0 38732924 26875479 104803769 104998141 48252786 40068201 8059850 8427919 199849329 180369740 50058787 49878256 0 0 54918794 55199442 297282 347028 5668356 50652079 52385273 155926942 157809999 43922387 22559741 953659176 967309077 185563067 185886775 768096109 781422302 DEPAUW UNIVERSITY, A RESIDENTIAL LIBERAL ARTS COLLEGE WITH A SCHOOL OF MUSIC, COMBINES A CHALLENGING ACADEMIC EXPERIENCE WITH A VIBRANT CAMPUS CULTURE KNOWN FOR DEVELOPING AND PREPARING ITS GRADUATES FOR A LIFETIME OF LEADERSHIP AND SUCCESS. false false 139923595 49878256 105679209 DEPAUW UNIVERSITY IS A NATIONALLY-RECOGNIZED, LEADING LIBERAL ARTS COLLEGE IN GREENCASTLE, INDIANA, DEDICATED TO EDUCATING 2,300 STUDENTS FROM ACROSS THE COUNTRY AND AROUND THE GLOBE. CONNECTED TO THE LIBERAL ARTS COLLEGE IS ONE OF THE NATION'S FIRST SCHOOLS OF MUSIC. FOR 178 YEARS, DEPAUW HAS CREATED AN ATMOSPHERE OF INTELLECTUAL CHALLENGE AND SOCIAL ENGAGEMENT THAT PREPARES STUDENTS FOR LIFELONG SUCCESS. ACADEMICS AT DEPAUW PUSH STUDENTS TO GAIN BROAD EXPOSURE TO MULTIPLE DISCIPLINES BEFORE NARROWING THEIR FOCUS. DEPAUW OFFERS DOZENS OF MAJORS AND MINORS, A HANDFUL OF HONORS AND FELLOWS PROGRAMS, AND A SET OF EXPERIENTIAL LEARNING OPPORTUNITIES THAT CHALLENGE STUDENTS WITHIN AND BEYOND THE CLASSROOM. BUILDING NETWORKS HAS NEVER BEEN MORE IMPORTANT THAN IT IS RIGHT NOW. AT DEPAUW, STUDENTS MAKE CONNECTIONS THROUGH STUDENT-RUN CLUBS AND ORGANIZATIONS, NCAA DIVISION III ATHLETICS AND OTHER SPORTS, FRATERNITIES AND SORORITIES, AND SERVICE ORGANIZATIONS. DEPAUW ALUMNI GO ON TO CAREERS IN ACADEMIA, MEDICINE, LAW, MUSIC, FINANCE, EDUCATION AND NUMEROUS OTHER FIELDS. THEY ARE SURGEONS, ACTORS, LEGAL ADVOCATES AND ENVIRONMENTAL ACTIVISTS. DEPAUW TAKES PRIDE IN HAVING GIVEN EACH ONE THE CONFIDENCE TO TAKE RISKS AND THE TOOLS TO REALIZE THEIR GOALS. 139923595 true true false false false false false true false true true true false false true true true false true false true false true true false false false false true true true false false false false false false true false true false true false false false false true true true false false true 3262 0 true 2150 true true true false false false false false false false false false X 44 43 true false false false false false false true true false false false true true true true true true true false CA IN NH NJ OR X X BRAD KELSHEIMER 7656584161 313 S LOCUST STREET GREENCASTLE IN 46135 Marshall W Reavis IV Chair 1.00 X X 0 0 0 Max W Hittle Secretary/Trustee 1.00 X X 0 0 0 Susan M Ansel Trustee 1.00 X 0 0 0 James R Bartlett Trustee 1.00 X 0 0 0 Lisa Henderson Bennett Trustee 1.00 X 0 0 0 W Charles Bennett Trustee 1.00 X 0 0 0 Kortney Cartwright Trustee 1.00 X 0 0 0 Justin P Christian Trustee 1.00 X 0 0 0 Kenneth W Coquillette Trustee 1.00 X 0 0 0 Sally Grooms Cowal Trustee 1.00 X 0 0 0 Michael Coyner Trustee 1.00 X 0 0 0 Jeffrey A Cozad Trustee 1.00 X 0 0 0 Newton F Crenshaw Trustee 1.00 X 0 0 0 William K Daniel Trustee 1.00 X 0 0 0 Matthew S Darnall Trustee 1.00 X 0 0 0 Jane Larson Emison Trustee 1.00 X 0 0 0 James A Fisher Trustee 1.00 X 0 0 0 Marvin E Flewellen Trustee 1.00 X 0 0 0 Jeffrey L Harmening Trustee 1.00 X 0 0 0 R David Hoover Trustee 1.00 X 0 0 0 Kathryn Fortune Hubbard Trustee 1.00 X 0 0 0 Janet L Johns Trustee 1.00 X 0 0 0 Kreigh Kamman Trustee 1.00 X 0 0 0 Sarah Strauss Krouse Trustee 1.00 X 0 0 0 Kyle E Lanham Trustee 1.00 X 0 0 0 G Richard Locke III MD Trustee 1.00 X 0 0 0 Richard S Neville Trustee 1.00 X 0 0 0 Myrta Pulliam Trustee 1.00 X 0 0 0 Blair A Rieth Trustee 1.00 X 0 0 0 Todd R Roberson Trustee 1.00 X 0 0 0 Sara K Scully Trustee 1.00 X 0 0 0 Gregory A Sissel Trustee 1.00 X 0 0 0 Douglas I Smith Trustee 1.00 X 0 0 0 Michael L Smith Trustee 1.00 X 0 0 0 Brent E St John Trustee 1.00 X 0 0 0 James G Stewart Trustee 1.00 X 0 0 0 Lee E Tenzer Trustee 1.00 X 0 0 0 Marcus R Veatch Trustee 1.00 X 0 0 0 Kathy Patterson Vrabeck Trustee 1.00 X 0 0 0 Sarah Reese Wallace Trustee 1.00 X 0 0 0 M Scott Welch Trustee 1.00 X 0 0 0 Robert F Wells Trustee 1.00 X 0 0 0 Corinne Gieseke Wood Trustee 1.00 X 0 0 0 Jr Lawrence E Young Trustee 1.00 X 0 0 0 Brian Casey President 40.00 X 559291 0 113849 Bradley A Kelsheimer Vice President for Finance and Administration 40.00 2.00 X 282461 0 47789 John Lawrence Stimpert Vice President for Academic Affairs and Professor of Economics and Management 40.00 X 236770 0 40160 Melanie Norton Vice President for Development and Alumni Engagement 40.00 X 242930 0 25978 Cynthia A Babington Vice President for Admission and Financial Aid 40.00 X 175088 0 36549 Christopher J Wells Vice President for Student Life 40.00 X 169731 0 39654 Donald Mark McCoy Dean of the School of Music and Professor of Music 40.00 X 231707 0 43184 Rajesh Bellani Dean of Experiential Learning and Career Planning 40.00 X 173586 0 24090 Kevin Kessinger Associate Vice President for Finance 40.00 X 146529 0 38026 Carol Smith Chief Information Officer 40.00 X 144842 0 32009 Gary Lemon Professor of Economics and Management 40.00 X 137545 0 30767 2500480 0 472055 54 false true true FA Wilhelm Construction Company INC 3914 Prospect Ave Indianapolis IN 46203 General Contracting 9891749 Bon Appetit Management Company 2400 Yorkmont Road Charlotte NC 28217 Food Service 4719180 Turner Construction Company 733 South West Street Suite 200 Indianapolis IN 46225 General Contracting 2237570 Robert AM Stern Architects LLP 460 West 34th Street 18th Floor New York NY 10001 Architect 1795794 Cornerstone Partners LLC 675 Peter Jefferson Pkwy Suite 160 Charlottesville VA 22911 Investment Advisor 1425139 35 X 151222 26724257 1251304 26875479 TUITION AND FEES 611710 91569987 91569987 AUXILIARY SERVICES 611710 13428154 13428154 0 0 0 0 104998141 5379553 5379553 0 0 135776619 101087971 34688648 0 34688648 1419427 33269221 CONFERENCES & CATERING 722320 506397 506397 INN AT DEPAUW 721110 2889551 681068 2208483 INSURANCE PROCEEDS 611710 386264 386264 4645707 0 111652 4534055 8427919 180369740 105679209 4245959 43569093 49435976 49435976 442280 442280 1831758 440180 1131648 259930 40815 40815 41915213 36397234 3021573 2496406 2985265 2524030 280328 180907 5259912 4245383 568204 446325 3166479 2677245 297345 191889 396173 396173 145899 145899 347028 347028 2847213 2847213 2182604 1580699 459356 142549 135537 42847 92690 1542647 1095645 298366 148636 806041 417801 388240 7042486 6437652 503544 101290 2235402 1853655 102188 279559 4428276 4219858 159744 48674 9410587 8875740 464308 70539 656168 610961 45207 PROGRAMS AND ACTIVITIES 8908374 8801871 99849 6654 MEMBERSHIPS 1226262 1020025 203213 3024 PRINTING AND PUBLICATIONS 1004779 616040 111301 277438 FOOD SERVICE 4565667 4565667 4851158 3581991 601659 667508 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-2113758 -6073407 127644270 2847214 49878256 52725470 180369740 105084529 0 0 105084529 2847214 49878256 52725470 157809999 Schedule D, Part III, Line 1a Collections of art - financial statement footnote During the year ended June 30, 2015, the University adopted a change in accounting policy related to the accounting for capitalized Collections in order to meet museum accreditation standards. The University will no longer capitalize Collections on the statement of financial position. The change in policy was applied to the earliest year presented. As a result, the 2014 beginning net assets were reduced by $3,160,141, which represents the amount of the previously capitalized Collections items. Schedule D, Part III, Line 4 Collections of art - description of collections THE UNIVERSITY'S COLLECTIONS INCLUDE WORKS OF ART USED FOR INSTRUCTION, SCHOLARLY RESEARCH, AND PUBLIC EXHIBITION. Schedule D, Part V, Line 4 Intended uses of endowment funds THE UNIVERSITY'S ENDOWMENT CONSISTS OF APPROXIMATELY 1,000 INDIVIDUAL FUNDS ESTABLISHED FOR A VARIETY OF PURPOSES. THE INTENDED USE OF THESE ENDOWMENT FUNDS IS TO PROVIDE CONTINUED FUNDING TO SUPPORT THE UNIVERSITY'S MISSION AND TAX-EXEMPT PURPOSE. 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 GENERALLY ACCEPTED ACCOUNTING PRINCIPLES 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. Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote The University is exempt from income taxes under Section 501(c)(3) of the Internal Revenue Code and a similar provision of state law. However, the University is subject to federal income tax on any unrelated business taxable income. The University is subject to guidance with respect to accounting for uncertainty in income taxes. A tax position is recognized as a benefit only if it is "more likely than not" that the tax position would be sustained in a tax examination, with a tax examination being presumed to occur. The amount recognized is the largest amount of tax benefit that is greater than 50% likely of being realized on examination. For tax positions not meeting the "more likely than not" test, no tax benefit will be recorded. The University is no longer subject to examination by taxing authorities for years before 2012. The University does not expect the total amount of unrecorded tax benefits to significantly change in the next 12 months. The University recognizes interest and/or penalties related to income tax matters in income tax expense. The University did not have any amounts accrued for interest and penalties at June 30, 2015 and 2014. At June 30, 2015 and June 30, 2014, the University has not recorded any expected tax benefits. Schedule D, Part XI, Line 2(d) Other revenues in audited financial statements not in form 990 LOSS ON INTEREST RATE SWAP - -1067943 OTHER CHANGES IN ACCUMULATED POSTRETIREMENT BENEFIT OBLIGATIONS - -1016500 CHANGE IN VALUE OF SPLIT-INTEREST AGREEMENTS - -342315 ALLOWANCE FOR UNCOLLECTIBLE CONTRIBUTIONS - 313000 Schedule D, Part XI, Line 4(b) Other revenues in form 990 not in audited financial statements SCHOLARSHIPS AND FINANCIAL AID - 49878256 Schedule D, Part XII, Line 4(b) Other expenses in form 990 not in audited financial statements SCHOLARSHIPS AND FINANCIAL AID - 49878256 true true true true true true true false false false false false false false false true false true Schedule E, Part I, Line 3 RACIALLY NONDISCRIMINATORY POLICY THE UNIVERSITY'S NONDISCRIMINATORY POLICY IS PUBLICIZED ON ITS WEBSITE AND IN MARKETING MATERIALS. Schedule E, Part I, Line 6(a) FINANCIAL AID OR ASSISTANCE FROM A GOVERNMENT THE UNIVERSITY OFFERS FINANCIAL ASSISTANCE IN THE FORM OF FEDERAL AND STATE ASSISTANCE, SCHOLARSHIPS, GRANTS AND LOANS TO STUDENTS BASED UPON ACADEMIC EXCELLENCE OR FINANCIAL NEED. true Central America and the Caribbean 0 0 Investments 223451778 East Asia and the Pacific 0 0 Program Services EDUCATION/STUDY ABROAD PROGRAMS 174722 Europe (Including Iceland and Greenland) 0 0 Program Services EDUCATION/STUDY ABROAD PROGRAMS 600324 South America 0 0 Program Services EDUCATION/STUDY ABROAD PROGRAMS 81196 Sub-Saharan Africa 0 0 Program Services EDUCATION/STUDY ABROAD PROGRAMS 75471 0 0 0 0 0 0 224383491 0 224383491 Student Financial Support Central America and the Caribbean 24 21420 Check, Credit Student Account FMV Student Financial Support East Asia and the Pacific 81 102590 Check, Credit Student Account FMV Student Financial Support Europe (Including Iceland and Greenland) 217 215410 Check, Credit Student Account FMV Student Financial Support Middle East and North Africa 38 17630 Credit Student Account FMV Student Financial Support South America 42 38500 Check, Credit Student Account FMV Student Financial Support South Asia 1 2475 Check, Credit Student Account FMV Student Financial Support Sub-Saharan Africa 27 44255 Check, Credit Student Account FMV true false true true true true Schedule F, Part I, Line 2 Procedures for monitoring use of grant funds THE UNIVERSITY PROVIDES FINANCIAL SUPPORT TO STUDENTS BASED ON NEED AND MERIT. THE FUNDS ARE CREDITED DIRECTLY TO THE STUDENT'S ACCOUNT. RECORDS ARE MAINTAINED IN ACCORDANCE WITH UNIVERSITY RETENTION AND DESTRUCTION POLICY. THE UNIVERSITY'S FINANCIAL AID DEPARTMENT ADHERES STRICTLY TO ALL FEDERAL AND STATE REGULATIONS AND IS SUBJECT TO THE COMPLIANCE AND INTERNAL CONTROLS OF OMB-A133 (IN WHICH THEY FOLLOW ALL APPLICABLE GUIDELINES). Schedule F, Part I, Line 2 PROCEDURES FOR MONITORING USE OF GRANT FUNDS THE UNIVERSITY PROVIDES FINANCIAL SUPPORT TO STUDENTS BASED ON NEED AND MERIT. THE FUNDS ARE CREDITED DIRECTLY TO THE STUDENT'S ACCOUNT. RECORDS ARE MAINTAINED IN ACCORDANCE WITH UNIVERSITY RETENTION AND DESTRUCTION POLICY. THE UNIVERSITY'S FINANCIAL AID DEPARTMENT ADHERES STRICTLY TO ALL FEDERAL AND STATE REGULATIONS AND IS SUBJECT TO THE COMPLIANCE AND INTERNAL CONTROLS OF OMB-A133 (IN WHICH THEY FOLLOW ALL APPLICABLE GUIDELINES). X X X X X true BENTZ WHALEY FLESSNER & ASSOCIATES INC CAMPAIGN COUNSEL false 0 186543 -186543 RUFFALO NOEL LEVITZ LLC ANNUAL FUND SUPPORT false 402260 160485 241775 402260 347028 55232 AK AR CA CT FL GA ID IN IA MD MS MO MT NV NH NJ NM NY NC ND OK OR TN TX WA WV WI Schedule G, Part I, Line 2b DESCRIBE THE CUSTODY OR CONTROL ARRANGEMENT BENTZ WHALEY FLESSNER & ASSOCIATES, INC.: DURING THE YEAR DEPAUW UNIVERSITY RAISED OVER $27 MILLION IN CONTRIBUTIONS AS PART OF THE UNIVERSITY'S ONGOING CAMPAIGN FUNDRAISING EFFORTS. BENTZ WHALEY FLESSNER & ASSOCIATES, INC. ("BWF") PROVIDES FUNDRAISING CONSULTING SERVICES TO THE UNIVERSITY. HOWEVER, BWF DOES NOT PERFORM SPECIFIC FUNDRAISING ACTIVITIES OR SOLICITATIONS ON BEHALF OF THE UNIVERSITY; THUS, THE AMOUNT OF CONTRIBUTIONS RECEIVED ATTRIBUTABLE TO BWF'S SERVICES CANNOT BE REASONABLY DETERMINED. Schedule G, Part I, Line 2b PAYMENT OF FEES OR PAYMENT OF EXPENSES BENTZ WHALEY FLESSNER & ASSOCIATES, INC.: IN ADDITION TO CHARGES FOR PROFESSIONAL FEES, THE AGREEMENT PROVIDES FOR THE PAYMENT OF OUT-OF-POCKET EXPENSES INCURRED IN PERFORMING SERVICES SUCH AS TRAVEL COSTS, LONG-DISTANCE TELEPHONE CHARGES, ADMINISTRATIVE SUPPORT, RESEARCH TOOLS, PHOTOCOPYING, POSTAGE, ETC. THESE FEES ARE INCLUDED IN THE AMOUNT REPORTED IN SCHEDULE G, PART I, COLUMN (V). INVOICES ARE ITEMIZED IN ORDER FOR THE UNIVERSITY TO DISTINGUISH PAYMENTS FOR PROFESSIONAL FUNDRAISING SERVICES FROM EXPENSE PAYMENTS AND REIMBURSEMENTS. Schedule G, Part I, Line 2b PAYMENT OF FEES OR PAYMENT OF EXPENSES RUFFALO NOEL LEVITZ, LLC: AMOUNT PAID TO RUFFALO NOEL LEVITZ, LLC INCLUDES COSTS ASSOCIATED WITH THE SOFTWARE, HARDWARE, PROFESSIONAL STAFFING, DATA PROCESSING AND FUNDRAISING EXPERTISE FOR THE SCHOOL'S PHONATHON/CALL CENTER. true SCHOLARSHIPS AND FINANCIAL AID 2170 49435976 0 n/a n/a Schedule I, Part I, Line 2 Description Of Procedure For Monitoring Use Of Grant Funds THE UNIVERSITY PROVIDES SCHOLARSHIPS AND FINANCIAL AID TO STUDENTS BASED ON NEED AND MERIT. THE FUNDS ARE CREDITED DIRECTLY TO THE STUDENT'S ACCOUNT. RECORDS ARE MAINTAINED IN ACCORDANCE WITH UNIVERSITY RETENTION AND DESTRUCTION POLICY. THE UNIVERSITY'S FINANCIAL AID DEPARTMENT ADHERES STRICTLY TO ALL FEDERAL AND STATE REGULATIONS AND IS SUBJECT TO THE COMPLIANCE AND INTERNAL CONTROLS OF OMB-A133 (IN WHICH THEY FOLLOW ALL APPLICABLE GUIDELINES). Schedule I, Part I, Line 2 Procedures for monitoring use of grant funds. THE UNIVERSITY PROVIDES SCHOLARSHIPS AND FINANCIAL AID TO STUDENTS BASED ON NEED AND MERIT. THE FUNDS ARE CREDITED DIRECTLY TO THE STUDENT'S ACCOUNT. RECORDS ARE MAINTAINED IN ACCORDANCE WITH UNIVERSITY RETENTION AND DESTRUCTION POLICY. THE UNIVERSITY'S FINANCIAL AID DEPARTMENT ADHERES STRICTLY TO ALL FEDERAL AND STATE REGULATIONS AND IS SUBJECT TO THE COMPLIANCE AND INTERNAL CONTROLS OF OMB-A133 (IN WHICH THEY FOLLOW ALL APPLICABLE GUIDELINES). X X X X true true X X X X false true false false false false false true false Brian Casey President 360560 0 100000 0 98731 0 79480 0 34369 0 673140 0 90127 0 Bradley A Kelsheimer Vice President for Finance and Administration 240721 0 40000 0 1740 0 20568 0 27221 0 330249 0 0 0 John Lawrence Stimpert Vice President for Academic Affairs and Professor of Economics and Management 218685 0 15000 0 3084 0 18270 0 21890 0 276930 0 0 0 Melanie Norton Vice President for Development and Alumni Engagement 209310 0 30000 0 3620 0 17000 0 8978 0 268908 0 0 0 Cynthia A Babington Vice President for Admission and Financial Aid 162562 0 10000 0 2526 0 14760 0 21789 0 211637 0 0 0 Christopher J Wells Vice President for Student Life 168277 0 0 0 1454 0 15409 0 24245 0 209385 0 0 0 Donald Mark McCoy Dean of the School of Music and Professor of Music 197286 0 20000 0 14421 0 17914 0 25270 0 274890 0 0 0 Rajesh Bellani Dean of Experiential Learning and Career Planning 172205 0 0 0 1381 0 15128 0 8963 0 197677 0 0 0 Kevin Kessinger Associate Vice President for Finance 137828 0 7500 0 1202 0 13124 0 24902 0 184555 0 0 0 Carol Smith Chief Information Officer 143542 0 0 0 1300 0 13226 0 18783 0 176851 0 0 0 Gary Lemon Professor of Economics and Management 115727 0 0 0 21818 0 11080 0 19687 0 168312 0 0 0 Schedule J, Part I, Line 1a First-class or charter travel In certain circumstances, the President travels first or business class for business-related travel. The President's travel expenditures are for business travel only and therefore are not included in his taxable income. Schedule J, Part I, Line 1a Housing allowance or residence for personal use AS A CONDITION OF HIS EMPLOYMENT, THE UNIVERSITY'S PRESIDENT WAS PROVIDED HOUSING CONTIGUOUS TO CAMPUS IN THE AMOUNT OF $24,088. THE HOUSING IS FURNISHED FOR THE CONVENIENCE OF THE UNIVERSITY AND IS THEREFORE NOT INCLUDED IN HIS TAXABLE COMPENSATION. Schedule J, Part I, Line 1a Health or social club dues or initiation fees THE UNIVERSITY PAID COLUMBIA CLUB DUES ON BEHALF OF THE PRESIDENT. THE MEMBERSHIP WAS FOR BUSINESS USE ONLY AND WAS NOT INCLUDED IN HIS TAXABLE COMPENSATION. Schedule J, Part I, Line 1a Personal services THE UNIVERSITY PROVIDES THE PRESIDENT WITH TAX PREPARATION, FINANCIAL, AND ESTATE PLANNING SERVICES, WHICH ARE INCLUDED IN HIS TAXABLE COMPENSATION. Schedule J, Part I, Line 4b Supplemental nonqualified retirement plan THE UNIVERSITY'S PRESIDENT PARTICIPATES IN A SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN. CONTRIBUTIONS MADE ON HIS BEHALF AMOUNTED TO $58,000 FOR THE YEAR. Schedule J, Part I, Line 7 Non-fixed payments ALL OFFICERS ARE CONSIDERED FOR AN INCENTIVE BONUS EACH ACADEMIC YEAR, MEASURED BY THE ACHIEVEMENT OF ANNUAL AND STRATEGIC GOALS, AS ESTABLISHED WITH THE CHAIR OF THE BOARD OF TRUSTEES AND THE PRESIDENT. THE AMOUNT OF INCENTIVE BONUS AWARDED IS APPROVED BY THE EXECUTIVE COMPENSATION COMMITTEE. A INDIANA FINANCE AUTHORITY 351602316 455057WG0 2009-12-01 44315803 Current Partial Refunding of 2008 & 1999 Bonds (See Part VI) false false false B INDIANA FINANCE AUTHORITY 351602316 455057NJ4 2008-04-30 84555000 Current Refunding of 1/11/2006 Bond Issuance false false false C INDIANA FINANCE AUTHORITY 351602316 2014-03-26 32500000 Current Refunding of Series B Bonds Issued on 4/30/2008 false false false A 0 0 44315803 0 0 0 477972 0 0 0 43837831 0 2009 true false true true B 43290000 0 84555000 0 0 0 414569 169943 0 0 83970488 0 2008 true false true true C 0 0 32500000 0 0 0 139111 0 0 0 32360889 0 2014 true false true true A false false true true false 0.0361 0.0 0.0361 false false true B false false true true false 0.0 0.0 0.0 false false true C false false true true false 0.0 0.0 0.0 false false true A false false true false false false false false true B false false true false true false false false true C false false true false true false false false true A true B true C true Schedule K, Part I, Column (f) Description of purpose - 12/1/2009 bond issue Current refunding of a portion of 4/30/2008 bond issuance; current refunding 2/11/1999 bond issuance; and refinancing of taxable line of credit. Schedule K, Part I, Column (c) CUSIP Numbers - 4/30/2008 Bond Issue Series 2008A: 455057NJ4 Series 2008B: 455057NK1 SEE PART V SEE PART V 226043 MERIT-BASED SCHOLARSHIP STUDENT FINANCIAL ASSISTANCE SEE PART V SEE PART V 22337 NEED-BASED GRANT STUDENT FINANCIAL ASSISTANCE JOHN GERALD WALLACE CHILD OF TRUSTEE 40815 EMPLOYEE COMPENSATION false Schedule L, Part II GRANTS OR ASSISTANCE BENEFITING INTERESTED PERSONS PER THE IRS INSTRUCTIONS FOR SCHEDULE L, COLLEGES, UNIVERSITIES, AND PRIMARY AND SECONDARY SCHOOLS ARE NOT REQUIRED TO IDENTIFY INTERESTED PERSONS TO WHOM THEY PROVIDED SCHOLARSHIPS, FELLOWSHIPS, AND SIMILAR FINANCIAL ASSISTANCE. INSTEAD, THESE ORGANIZATIONS MUST GROUP EACH TYPE OF FINANCIAL ASSISTANCE PROVIDED TO INTERESTED PERSONS IN SEPARATE LINES. FOR EACH LINE, THE SCHOOL IS TO REPORT IN COLUMN (C) THE TYPE OF ASSISTANCE AND AGGREGATE DOLLAR AMOUNT OF THAT ASSISTANCE; COLUMNS (A) AND (B) ARE TO BE LEFT BLANK. Schedule L, Part IV BUSINESS TRANSACTIONS INVOLVING INTERESTED PERSONS A DEPAUW UNIVERSITY TRUSTEE OWNS SEVERAL PROPERTIES IN DOWNTOWN GREENCASTLE. THE UNIVERSITY HAS PROVIDED NON-COMPENSATED ADVISORY SERVICES RELATED TO IDENTIFYING TENANTS AND CONCEPTS FOR THESE PROPERTIES, AS WELL AS OTHER NON-DEPAUW AFFILIATED PROPERTIES IN DOWNTOWN GREENCASTLE. ANY TRANSACTIONS UNDERTAKEN BY DEPAUW RELATED TO THESE PROPERTIES WILL BE BASED ON PREVAILING MARKET RATES. X 4 1251304 Market value 0 false true false Schedule M, Part I Explanations of reporting method for number of contributions Securities - Publicly traded: number of contributions Form 990, Part VI, Line 1a Delegate broad authority to a committee The Executive Committee shall consist of the chair of the board serving as chair, the vice chairs of the board, the Methodist Bishop, the immediate past chair of the board, the secretary of the board, and four additional voting members of the board of trustees appointed to the committee by the chair of the board. The Executive Committee shall have authority to act between regular meetings of the board on all matters of governance and management requiring attention of the board. The Executive Committee shall meet on agreed dates between the regular meetings of the board of trustees or upon not less than 48 hours advance notice (which may be waived by unanimous consent), upon call of the chair, of the President, or of two members of the committee. A summary of all action of the Executive Committee shall be distributed to all trustees as soon as possible after each meeting of the committee. Form 990, Part VI, Line 2 Family/business relationships amongst interested persons NEWTON CRENSHAW AND R. DAVID HOOVER - Business relationship, Susan M Ansel, Jeff Cozad, Jim Fisher, David Hoover, Sarah Wallace, James G Stewart, and Lee E Tenzer - Business relationship Form 990, Part VI, Line 11b Review of form 990 by governing body THE FORM 990 AND RELATED SCHEDULES UNDERGO A THOROUGH REVIEW BY THE VICE PRESIDENT FOR FINANCE AND ADMINISTRATION AND THE AUDIT AND RISK MANAGEMENT COMMITTEE. THE FORM AND ALL SCHEDULES, EXCEPT FOR SCHEDULE B, IS THEN PROVIDED TO ALL MEMBERS OF THE BOARD OF TRUSTEES. THE ENTIRE BOARD OF TRUSTEES APPROVES THE FORM 990 PRIOR TO SUBMISSION TO THE IRS. Form 990, Part VI, Line 12c Conflict of interest policy The University's conflict of interest policy covers all employees and board trustees. All board trustees, key administrative faculty and staff (including officers), and grant administrators are required to complete an annual conflict of interest questionnaire disclosure. All other employees are required to disclose any potential conflicts of interest as they may arise. THE VICE PRESIDENT OF ACADEMIC AFFAIRS AND THE VICE PRESIDENT FOR FINANCE AND ADMINISTRATION COLLECT THE ANNUAL CONFLICT OF INTEREST DISCLOSURE FORMS AND CONDUCT AN INITIAL REVIEW OF EACH CONFLICT OF INTEREST DISCLOSURE TO DETERMINE IF A POTENTIAL CONFLICT APPEARS TO EXIST, OR IF A CONFLICT OF INTEREST IN FACT EXISTS. CONFLICT OF INTEREST RESPONSES FOR THE VICE PRESIDENT OF FINANCE AND ADMINISTRATION AND THE CHAIR OF THE BOARD OF TRUSTEES ARE SUBMITTED TO THE CHAIR OF THE AUDIT AND RISK MANAGEMENT COMMITTEE FOR REVIEW. IN ADDITION, A SUMMARY OF ALL CONFLICTS OF INTEREST IS PRESENTED ANNUALLY TO THE CHAIR OF THE AUDIT AND RISK MANAGEMENT COMMITTEE. IF NECESSARY, THE VICE PRESIDENT FOR FINANCE AND ADMINISTRATION WORKS WITH THE CHAIR OF THE AUDIT COMMITTEE AND/OR THE CHAIR OF THE BOARD OF TRUSTEES TO DETERMINE THE NECESSARY ACTION TO BE TAKEN FOR ANY ACTUAL CONFLICTS OF INTEREST DETERMINED TO EXIST, SUCH AS REQUIRING THE INDIVIDUAL TO RECUSE HIM OR HERSELF FROM VOTING ON THE CONFLICTING ISSUE. IN ADDITION TO REVIEWING THE CONFLICT OF INTEREST SUBMISSIONS, THE FINANCE DEPARTMENT ANNUALLY REVIEWS A LISTING OF VENDORS PAID TO IDENTIFY ANY POTENTIAL CONFLICTS OF INTEREST. Form 990, Part VI, Line 15a Process to establish compensation of top management official UNIVERSITY BYLAWS ESTABLISH A SUBCOMMITTEE OF THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES TO BE DESIGNATED AS THE EXECUTIVE COMPENSATION COMMITTEE. THIS COMMITTEE ANNUALLY DETERMINES THE COMPENSATION TO BE PAID TO THE TOP MANAGEMENT OFFICIAL AND OTHER EXECUTIVE OFFICERS OF THE UNIVERSITY. COMPENSATION REVIEW AND APPROVAL TAKES INTO CONSIDERATION COMPARABLE MARKET DATA, AS WELL AS INDIVIDUAL AND ORGANIZATIONAL PERFORMANCE. MARKET DATA INCLUDES COMPENSATION AND BENEFIT INFORMATION FROM MEMBER INSTITUTIONS OF THE GREAT LAKES COLLEGES ASSOCIATION (GLCA) AND VERIFIABLE COMPENSATION AND BENEFIT INFORMATION OBTAINED FROM OTHER SELECTED PEER LIBERAL ARTS COLLEGES. THIS REVIEW/APPROVAL PROCESS IS DOCUMENTED IN THE COMMITTEE MEETING MINUTES, AND WAS LAST PERFORMED IN AUGUST 2015. Form 990, Part VI, Line 15b Process to establish compensation of other employees SEE NARRATIVE FOR FORM 990, PART VI, SECTION B, LINE 15A. Form 990, Part VI, Line 19 Required documents available to the public THE FINANCIAL STATEMENTS ARE AVAILABLE ON THE UNIVERSITY'S WEBSITE. GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE AVAILABLE TO THE PUBLIC UPON REQUEST. Form 990, Part VIII, Line 11d Other Miscellaneous Revenue Memberships - Total Revenue: 16455, Related or Exempt Function Revenue: , Unrelated Business Revenue: 16455, Revenue Excluded from Tax Under Sections 512, 513, or 514: ; Bookstore - Total Revenue: 95197, Related or Exempt Function Revenue: , Unrelated Business Revenue: 95197, Revenue Excluded from Tax Under Sections 512, 513, or 514: ; Other Income - Total Revenue: 4534055, Related or Exempt Function Revenue: , Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: 4534055; Form 990, Part XI, Line 9 Other changes in net assets or fund balances LOSS ON INTEREST RATE SWAP - -1067943; OTHER CHANGES IN ACCUMULATED POSTRETIREMENT BENEFIT OBLIGATIONS - -1016500; CHANGE IN VALUE OF SPLIT-INTEREST AGREEMENTS - -342315; ALLOWANCE FOR UNCOLLECTIBLE CONTRIBUTIONS - 313000; CHANGE IN ACCOUNTING POLICY RELATED TO ACCOUNTING FOR CAPITALIZED COLLECTIONS - -3160141; EMPLOYER-CONTRIBUTION VEBA TRUST DEPAUW UNIVERSITY PO BOX 37 GREENCASTLE IN 46135 043838438 VEBA TRUST MO 501(c)(9 DEPAUW UNIVERSITY true EMPLOYEE-CONTRIBUTION VEBA TRUST DEPAUW UNIVERSITY PO BOX 37 GREENCASTLE IN 46135 043838461 VEBA TRUST MO 501(c)(9 DEPAUW UNIVERSITY true CHARITABLE REMAINDER TRUSTS (44) TRUST IN DEPAUW UNIVERSITY Trust false PERPETUAL TRUSTS (8) TRUST IN DEPAUW UNIVERSITY Trust false false false false false false false false false false false false false false false false false false true false EMPLOYER-CONTRIBUTION VEBA TRUST DEPAUW UNIVERSITY R 296328 BOOK VALUE