2016-03-15T12:52:18-05:00 2015-05-31 161131146 BONADIO & CO LLP 171 SULLYS TRAIL SUITE 201 PITTSFORD NY 14534 990 2014-06-01 160743045 HOUGHTON COLLEGE HOUG 5855679312 1 WILLARD AVENUE HOUGHTON NY 14744 DAVID SMITH VP FOR PLANNING AND FINANCE 5855679312 2016-03-11 1 RICHARD LEICHT P01378913 5853811000 2014 2016-08-17 19:52:53Z DR SHIRLEY MULLEN 1 WILLARD AVENUE HOUGHTON NY 14744 42828887 0 X WWW.HOUGHTON.EDU X 1883 NY HOUGHTON COLLEGE PROVIDES AN ACADEMICALLY CHALLENGING, CHRIST-CENTERED EDUCATION IN THE LIBERAL ARTS AND SCIENCES TO STUDENTS FROM DIVERSE TRADITIONS AND ECONOMIC BACKGROUNDS AND EQUIPS THEM TO LEAD AND LABOR AS SCHOLAR-SERVANTS IN A CHANGING WORLD. 32 30 1472 91 49295 0 4406600 4558781 35392821 35781143 906673 993494 914220 673939 41620314 42007357 12082823 12304788 0 0 15765610 15988008 0 0 983785 14671357 15659071 42519790 43951867 -899476 -1944510 105728657 109820456 29398128 34073822 76330529 75746634 X HOUGHTON COLLEGE PROVIDES AN ACADEMICALLY CHALLENGING, CHRIST-CENTERED, EDUCATION IN THE LIBERAL ARTS AND SCIENCES TO STUDENTS FROM DIVERSE TRADITIONS AND ECONOMIC BACKGROUNDS AND EQUIPS THEM TO LEAD AND LABOR AS SCHOLAR-SERVANTS IN A CHANGING WORLD. 0 0 23292395 12304788 27952641 INSTRUCTION-FACULTY SALARIES, SCHOLARSHIPS, FINANCIAL AID AND OTHER COSTS FOR INSTRUCTION. 5307862 8502441 AUXILIARY ENTERPRISES-STUDENT HOUSING, FOOD SERVICES, CAMPUS STORE, AND OTHER. 8064533 STUDENT SERVICES-STUDENT LIFE, ATHLETICS, ADMISSIONS, AND OTHER STUDENT SERVICES. 2463917 ACADEMIC SUPPORT AND COMMUNITY SERVICE. 2463917 39128707 1 1 0 0 0 0 0 1 0 1 1 1 0 1 1 0 0 1 1 1 1 0 0 1 0 0 0 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 1 0 0 1 X 1634 0 1 1472 1 1 1 1 UK HR TZ EC CA HO SL 0 0 0 0 0 0 0 0 X 32 30 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 0 1 1 0 X DANAE FORREST 5855679312 1 WILLARD AVE HOUGHTON NY 14744 DAVID BABB TRUSTEE 1.00 X 0 0 0 GARY BAHLER TRUSTEE 1.00 X 0 0 0 EVELYN BARNETT TRUSTEE 1.00 X 0 0 0 KEVIN BATMAN TRUSTEE 1.00 40.00 X 0 136209 0 ROBERT DAVIDSON TRUSTEE 1.00 X 0 0 0 JOHN GILLETTE TRUSTEE 1.00 X 0 0 0 ANTHONY GRAHAM TRUSTEE 1.00 X 0 0 0 CAROLE HAMM TRUSTEE 1.00 X 0 0 0 STANLEY HOOVER TRUSTEE 1.00 X 0 0 0 DAVID IRWIN TRUSTEE 1.00 X 0 0 0 JOSEPH JENNINGS SECRETARY 1.00 X X 0 0 0 DANIEL JONES TRUSTEE 1.00 X 0 0 0 WILLIAM A JONES TRUSTEE 1.00 X 0 0 0 RAY KALTENBAUGH TRUSTEE 1.00 X 0 0 0 KEVIN KNOWLTON TRUSTEE 1.00 X 0 0 0 GARY LARDER TRUSTEE 1.00 X 0 0 0 JOHN LEE TRUSTEE 1.00 X 0 0 0 J ANTHONY LLOYD TRUSTEE 1.00 X 0 0 0 JOHN LYON TRUSTEE 1.00 X 0 0 0 JEFFREY MANSELL TRUSTEE 1.00 X 0 0 0 C DAVID MARKLE TRUSTEE 1.00 X 0 0 0 GREG MCCLAIN TRUSTEE 1.00 X 0 0 0 SHIRLEY MULLEN PRESIDENT 40.00 X X 203589 0 8249 HARRIETT OLSON TRUSTEE 1.00 X 0 0 0 BRENT RUSSETT TRUSTEE 1.00 X 0 0 0 CLIFTON SEAMAN TRUSTEE 1.00 X 0 0 0 TERRY SLYE VICE CHAIR 1.00 X X 0 0 0 BOBBIE STRAND CHAIR 1.00 X X 0 0 0 DAVID WHITE ASSISTANT SECRETARY 1.00 X X 0 0 0 HARRY F WOOD TRUSTEE 1.00 X 0 0 0 RUTH WOODWORTH TRUSTEE 1.00 X 0 0 0 ELWOOD ZIMMERMAN TRUSTEE THROUGH 12/31/2014 1.00 X 0 0 0 JAMES ECKERT TRUSTEE 1.00 X 0 0 0 DAVID SMITH VP FOR FINANCE & PLANNING 40.00 X 4772 0 8880 LINDA MILLS-WOOLSEY DEAN OF THE COLLEGE/VP FOR 40.00 X 103343 0 6512 ROBERT POOL VP FOR STUDENT LIFE 40.00 X 103827 0 11171 RICHARD MELSON VP FOR ADVANCEMENT AND EXTERNAL RELATIONS 40.00 X 101052 0 11258 516583 136209 46070 4 0 1 0 LECHASE CONSTRUCTION SERVICES LLC 205 INDIGO CREEK DRIVE ROCHESTER NY 14224 CONSTRUCTION SERVICES 12377420 SODEXO INC & AFFILIATES PO BOX 360170 PITTSBURGH PA 15251 CUSTODIAL, MAINTENANCE, AND FOOD SERVICE 3920033 KEYSTONE ASSOCIATES 58 EXCHANGE STREET BINGHAMTON NY 13901 ARCHITECTURAL SERVICES 384840 TOTH'S SPORTS 71 VICTOR HEIGHTS PKWY VICTOR NY 14564 EQUIPMENT AND INSTALLATION 359619 GREENAUER BLACKTOP INC 391 FRENCH ROAD WEST SENECA NY 14224 CONSTRUCTION SERVICES 345151 11 1220445 262413 3075923 179962 4558781 TUITION AND FEES 611600 27952641 27952641 AUXILIARY ENTERPRISES 611710 7828502 7779207 49295 35781143 1293371 1293371 7050 306927 -299877 -299877 -299877 711242 514603 196639 196639 MISCELLANEOUS 611710 477300 477300 477300 42007357 36405787 49295 993494 12304788 12304788 234218 187374 46844 11914373 9613471 1807914 492988 223286 173024 41781 8481 2838672 2255633 464892 118147 777459 586622 157998 32839 36956 36956 78700 78700 3110569 1115329 1914645 80595 241266 227210 4117 9939 911092 560114 287872 63106 372091 222997 149094 926 926 2434540 846644 1587896 993434 817761 95379 80294 104149 42661 44215 17273 1043024 977794 65230 2834270 2549955 284315 222726 81298 141428 FOOD 2062797 2062797 SPECIAL PROGRAMS AND PR 627910 544626 83284 MISCELLANEOUS 381073 184551 195178 1344 AUXILIARY SERVICES 203548 203548 3756958 -3788893 31935 43951867 39128707 3839375 983785 4868132 5280664 66613 31634 1629690 1305697 2204701 2078492 269805 242591 652482 505396 89025595 40678786 44825955 48346809 37213654 37305470 8181248 8986085 129392 85808 5686985 5651810 105728657 109820456 4725961 3103771 60000 30000 683887 526709 91004 84908 23837276 30328434 29398128 34073822 X 18290629 27440046 23372831 12921877 34667069 35384711 76330529 75746634 105728657 109820456 X -1944510 1219366 141249 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X 0 45486705 734837 2308138 2115563 46414117 42524099 929583 4061718 2028695 45486705 37500578 1076365 5489630 1542474 42524099 40170853 759665 -1996334 1433606 37500578 34152289 215434 7315071 1511941 40170853 0.02430 0.76550 0.21020 1 0 958032 958032 68634984 29906322 38728662 11468148 7835890 3632258 7964431 2936574 5027857 48346809 ALTERNATIVE INVESTMENTS 8986085 F 8986085 SPLIT INTEREST AGREEMENTS 5555627 BENEFICIAL INTEREST IN NET ASSETS OF WILLARD J. HOUGHTON FOUNDATION 96183 5651810 FUNDS HELD ON BEHALF OF OTHERS 2044486 OBLIGATIONS UNDER SPLIT INTEREST AGREEMENTS 2889278 CONDITIONAL ASSET RETIREMENT OBLIGATION 672209 SECURED NOTE PAYABLE TO RELATED ORGANIZATION 24722461 30328434 31577787 1219366 -12163539 -10944173 42521960 -514603 -514603 42007357 32161682 514603 514603 31647079 12304788 12304788 43951867 PART III, LINE 1A: COLLECTION ITEMS IN THE HOUGHTON COLLEGE ART COLLECTION ARE HELD FOR PUBLIC EXHIBITION, EDUCATION, OR RESEARCH IN FURTHERANCE OF PUBLIC SERVICE AND ARE NOT CAPITALIZED. CONTRIBUTIONS OF COLLECTION ITEMS ARE NOT RECOGNIZED IN THE CONSOLIDATED STATEMENT OF ACTIVITIES. ALL PROCEEDS FROM THE SALE OF COLLECTION ITEMS ARE USED TO ACQUIRE OTHER ITEMS FOR THE COLLECTION. PART V, LINE 4: DEPARTMENTAL PROJECTS, SCHOLARSHIPS TO STUDENTS AND STUDENT LOANS. PART XI, LINE 2D - OTHER ADJUSTMENTS: SCHOLARSHIPS AND GRANTS -12,304,788. CHANGE IN BENEFICIAL INT. IN NET ASSETS OF WILLARD J. HOUGHTON FOUNDATION -11,363. CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS 164,862. LOSS ON BAD DEBT -12,250. PART XI, LINE 4B - OTHER ADJUSTMENTS: COST OF GOODS SOLD -514,603. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 514,603. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS AND GRANTS 12,304,788. 1 0 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 THE COLLEGE PUBLICIZES THE NONDISCRIMINATORY POLICY DURING OUR REGISTRATION PERIOD ON OUR APPLICATION FOR ADMISSION, IN OUR COLLEGE CATOLOG, IN SEVERAL PLACES ON THE COLLEGE WEBSITE AT WWW.HOUGHTON.EDU AND IN OUR STUDENT GUIDE FOR ENROLLING STUDENTS. COLLEGE MEDIA RECRUITMENT EFFORTS ARE PRIMARILY ELECTRONIC AND AS SUCH, POINT PRESPECTIVE STUDENTS TO THE COLLEGE WEB SITE WHERE THIS POLICY IS NOTED SEVERAL TIMES. SCHEDULE E, PART I, LINE 6 THE COLLEGE RECEIVES MULTIPLE FEDERAL AWARDS FROM THE DEPARTMENT OF EDUCATION IN THE FORM OF STUDENT FINANCIAL AID. THIS INCLUDES GRANT PROGRAMS AS WELL AS GOVERNMENT LOANS FOR STUDENTS TO TAKE OUT TOWARDS THE COST OF ATTENDENCE. EUROPE 0 3 PROGRAM SERVICES VARIOUS SEMESTER LONG ACADEMIC COURSES AND 3 WEEK TRAVEL COURSES 66699 SUB-SAHARAN AFRICA 1 5 PROGRAM SERVICES SEMESTER LONG ACADEMIC COURSES 267751 CENTRAL AMERICA 0 1 PROGRAM SERVICES 3 WEEK ACADEMIC TRAVEL COURSE 22615 CAYMAN ISLANDS 0 0 INVESTMENT POINTER OFFSHORE LTD 4738343 SOUTH AMERICA 0 1 PROGRAM SERVICES 3 WEEK ACADEMIC TRAVEL COURSE 30821 VARIOUS COUNTRIES 0 0 INVESTMENT SIRE PARTNERS, LP 4247742 1 10 0 0 1 10 9373971 0 9373971 0 0 0 1 0 0 X X X X X 1 BENTZ WHALEY FLESSNER INC 7251 OHMS LANE MINNEAPOLIS MN 55439 CONSULTED ON OFFICE ORGANIZATION AND CAPITAL CAMPAIGN SUPPOR 0 0 15133 0 15133 NY 1 ENDOWED GRANTS AND SCHOLARSHIPS 379 1198216 MERIT BASED SCHOLARSHIPS 564 4763447 NEED BASED GRANTS AND SCHOLARSHIPS 660 5474654 FEDERAL SEOG GRANTS 71 72338 SPECIAL CATEGORY GRANTS AND SCHOLARSHIPS 393 796133 PART 1, LINE 2 A FILE IS CREATED FOR EACH GRANTEE. WE DETERMINE EACH STUDENT'S DEMONSTRATED FINANCIAL NEED BASED ON THEIR COST OF ATTENDANCE MINUS EXPECTED FAMILY CONTRIBUTION ACCORDING TO THE INSTITUTIONAL STUDENT INFORMATION RECORD FROM THE FEDERAL PROCESSOR. WE ATTEMPT TO MEET EACH STUDENT'S DEMONSTRATED NEED WITH A COMBINATION OF MERIT-BASED SCHOLARSHIPS, NEED-BASED GRANTS, FEDERAL COLLEGE WORK-STUDY, AND STUDENT LOANS. FINANCIAL AID MAY BE AWARDED FROM FEDERAL, STATE, INSTITUTIONAL, AND PRIVATE SOURCES. WE MONITOR AND MAINTAIN COMPLIANCE WITH ALL FEDERAL, STATE, AND INSTITUTIONAL FINANCIAL AID POLICIES AND PROCEDURES. IN ADDITION, THE COLLEGE MONITORS AND MAINTAINS SEPARATE FUND ACCOUNTS FOR EACH AWARD CATEGORY AND PROVIDES THE NECESSARY REPORTS TO THE FEDERAL AND STATE AGENCIES. X X 1 1 X X X X 0 0 0 0 0 0 0 0 0 SHIRLEY MULLEN PRESIDENT 203589 0 0 0 0 0 5786 0 2463 0 211838 0 0 0 X 6 158761 AVG. HI/LOW DATE RECEIVE X HORSE 3 20196 QUALIFIED APPRAISER X PHOTOGRAPHY EQUIPMENT 1 1005 QUALIFIED APPRAISER 0 1 0 FORM 990, PART VI, SECTION B, LINE 11 FORM 990 IS PROVIDED IN DRAFT FORMAT TO THE AUDIT COMMITTEE FOR REVIEW. UPON APPROVAL, IT IS SUBMITTED WITH A RECOMMENDATION OF APPROVAL TO THE BOARD OF TRUSTEES WITH A PERIOD FOR PROVIDING COMMENTS, EDITS AND CORRECTIONS PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C EACH YEAR THE MEMBERS OF THE BOARD OF TRUSTEES AND SENIOR ADMINISTRATORS COMPLETE AND SIGN A FORM DISCLOSING ANY CONFLICT OF INTEREST. IF THERE IS A CONFLICT OF INTEREST ON A MATTER UNDER CONSIDERATION AT A BOARD MEETING, THE TRUSTEE IS NOT ALLOWED TO VOTE ON THE MATTER. THE MINUTES OF THE MEETING WILL DOCUMENT THAT THE TRUSTEE HAVING THE CONFLICT OF INTEREST ABSTAINED FROM VOTING. FORM 990, PART VI, SECTION B, LINE 15 FOR THE DETERMINATION OF COMPENSATION OF THE COLLEGE'S PRESIDENT, ALL MEMBERS OF THE EXECUTIVE COMMITTEE OF THE BOARD AS WELL AS THE FULL BOARD (SAVE THE PRESIDENT, WHO WOULD NOT BE PRESENT AT THESE DELIBERATIONS) WOULD BE INDEPENDENT TRUSTEES, I.E. THEY ARE NOT EMPLOYEES OF THE COLLEGE, NOR MARRIED TO EMPLOYEES, AND NONE OF THEM HAVE BUSINESS RELATIONSHIPS WITH THE COLLEGE THAT AFFECTS THEIR INDEPENDENCE. THE PROCESS IS AS FOLLOWS: 1. COMPARATIVE EXECUTIVE COMPENSATION DATA IS GATHERED FROM SEVERAL SOURCES: GUIDESTAR, COALITION OF CHRISTIAN COLLEGES AND UNIVERSITIES, BENTZ, WHALEY, FLESSNER (CONSULTING FIRM) AND NEW YORK STATE PRIVATE COLLEGES. 2. THE BOARD EXECUTIVE COMMITTEE (EXCLUDING THE PRESIDENT) REVIEWS THE COMPARATIVE COMPENSATION DATA AND MAKES A CONTRACT RECOMMENDATION TO THE FULL BOARD. 3. THE FULL BOARD MEETS IN EXECUTIVE SESSION (EXCLUDING THE PRESIDENT) TO DISCUSS THE RECOMMENDED CONTRACT AND VOTES ON THE FINAL CONTRACT, WHICH INCLUDES STATED COMPENSATION. DOCUMENTATION OF FULL BOARD APPROVAL OF THE RECOMMENDATION APPEARS IN THE BOARD MINUTES. FOR DETERMINATION OF COMPENSATION FOR OTHER OFFICERS AND KEY EMPLOYEES, COMPARISON SALARY DATA IS PROVIDED DIRECTLY TO THE PRESIDENT BY THE HUMAN RESOURCES OFFICE. THE PRESIDENT THEN AUTHORIZES A CERTAIN SALARY BASED ON BOTH EXTERNAL COMPARISON AND INTERNAL COMPARISON WITH OTHER VICE PRESIDENTS. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, THE CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE FOR PUBLIC INSPECTION UPON REQUEST. FORM 990, PART XI, LINE 9: CHANGE IN BENEFICIAL INT. IN NET ASSETS OF WILLARD J. HOUGHTON FOUNDATION -11,363. CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS 164,862. PROVISION FOR BAD DEBTS -12,250. FORM 990, PART XII, LINE 2C: NO CHANGES IN OVERSIGHT PROCESS OR SELECTION PROCESS REGARDING RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT. WILLARD J HOUGHTON FOUNDATION 1 WILLARD AVE HOUGHTON NY 14744 222325519 SUPPORT OF COMMUNITY NY 501(C)(3) LINE 11A, I HOUGHTON COLLEGE 1 HOUGHTON ACADEMY 9790 THAYER ST HOUGHTON NY 14744 160838072 SECONDARY EDUCATION NY 501(C)(3) LINE 2 HOUGHTON COLLEGE 0 THE WESLEYAN INVESTMENT FUND INC PO BOX 7250 13300 OLIO RD FISHERS IN 46037 351775757 CHURCH LENDING INSTITUTION IN 501(C)(3) LINE 1 THE WESLEYAN CHURCH CORPORATION 0 THE WESLEYAN CHURCH CORPORATION 13300 OLIO RD FISHERS IN 46037 351148762 CHURCH IN 501(C)(3) LINE 1 N/A 0 0 0 1 1 1 0 0 0 0 0 1 0 0 1 1 0 1 0 0 WILLARD J HOUGHTON FOUNDATION D 600000 OUTSTANDING LOAN PRINCIPAL