2025-02-17T17:48:27-05:00 2024-06-30 481041128 SWINDOLL JANZEN HAWK & LOYD LLC 220 W DOUGLAS AVE SUITE 300 WICHITA KS 67202 990 2023-07-01 480543736 MCPHERSON COLLEGE MCPH 6202410731 PO BOX 1402 MCPHERSON KS 67460 MICHAEL SCHNEIDER COLLEGE PRESIDENT 6202410731 2025-02-05 true true ADAM L GRILLIOT CPAPFS P00930960 3162655600 2025-02-05 2023 2025-03-06 01:10:19Z MICHAEL SCHNEIDER C/O MCPHERSON COLLEGE 1600 E EUCLID MCPHERSON KS 67460 68430709 false X WWW.MCPHERSON.EDU X 1887 KS TO DEVELOP WHOLE PERSONS THROUGH SCHOLARSHIP, PARTICIPATION AND SERVICE. MCPHERSON COLLEGE IS A VIBRANT COMMUNITY OF PERSONS FROM DIVERSE FAITHS AND CULTURAL BACKGROUNDS. THE COLLEGE PROVIDES EDUCATION IN OVER 30 AREAS OF STUDY, SERVING APPROXIMATELY 781 STUDENTS. 25 25 533 56 0 656597441 27870932 31826635 33543452 1904507 1073908 314021 967107 690642604 63455399 17304660 17781743 0 12486819 13232141 0 1748613 14153647 12889017 43945126 43902901 646697478 19552498 763540173 788243245 18322188 18879669 745217985 769363576 X TO DEVELOP WHOLE PERSONS THROUGH SCHOLARSHIP, PARTICIPATION AND SERVICE. MCPHERSON COLLEGE IS A VIBRANT COMMUNITY OF PERSONS FROM DIVERSE FAITHS AND CULTURAL BACKGROUNDS. THE COLLEGE PROVIDES EDUCATION IN OVER 30 AREAS OF STUDY, SERVING APPROXIMATELY 781 STUDENTS. false false 36966568 17781743 33422398 A.MCPHERSON COLLEGE'S MISSION IS TO "DEVELOP WHOLE PERSONS THROUGH SCHOLARSHIP, PARTICIPATION, AND SERVICE" WITHIN A CAREER-FOCUSED LIBERAL ARTS ENVIRONMENT. IN 2023, THE COLLEGE SECURED AN UNPRECEDENTED 1B COMMITMENT TO ITS ENDOWMENT, MARKING ONE OF THE LARGEST SINGLE ENDOWMENT COMMITMENTS OF ANY SMALL LIBERAL ARTS COLLEGE IN THE U.S. NATIONALLY RECOGNIZED BY U.S. NEWS & WORLD REPORT, MONEY MAGAZINE, AND THE CHRONICLE OF HIGHER EDUCATION'S "GREAT COLLEGES TO WORK FOR," MCPHERSON COLLEGE IS RENOWNED FOR ITS INNOVATIVE PROGRAMS. ITS AUTOMOTIVE RESTORATION PROGRAM, THE FIRST FOUR-YEAR DEGREE PROGRAM OF ITS KIND, MADE HISTORY WHEN A STUDENT-RESTORED MERCEDES-BENZ 300 S EARNED A CLASS AWARD AT THE PEBBLE BEACH CONCOURS D'ELEGANCE - THE FIRST TIME A STUDENT-RESTORED CAR RECEIVED SUCH AN HONOR AT THE PRESTIGIOUS CONCOURS. LEARN ABOUT ALL OF ITS PROGRAMS AT WWW.MCPHERSON.EDU. 36966568 true true false false false false false true false true true false false false true true true false true false false false false false false false false false true true false false false false false false false false true false false false false true false false false true 73 0 true 533 true false false false false false true true false false false false true false false false X 25 25 false false false false false false false true true false false true true true true true true true true false X X CAROL SUMMERVILL VP FOR FINANCE 6202420468 1600 E EUCLID MCPHERSON KS 67460 X MICHAEL SCHNEIDER COLLEGE PRES 50.00 X 373839 0 48952 RICHARD TUXHORN DIR OF ENDOW 50.00 X 118334 0 11967 AMANDA GUTIERREZ PROVOST/EXEC 50.00 X 145955 0 31222 ERIK VOGEL VP FOR ADVAN 50.00 X 118699 0 28120 CAROL SUMMERVILL VP FOR FINAN 50.00 X 128408 0 21890 MARTY SIGWING EXEC DIR OF 50.00 X 101871 0 21533 PAULA VINCNET CHAIR 3.00 X X 0 0 0 RICK DOLL VICE CHAIR 3.00 X X 0 0 0 LAUREL GILLISPIE SECRETARY 3.00 X X 0 0 0 JOHN HOLTHUS TREASURER 3.00 X X 0 0 0 CAROLYN COON TRUSTEE 1.00 X 0 0 0 JULIE HUBER TRUSTEE 1.00 X 0 0 0 NICK GRIGGS TRUSTEE 1.00 X 0 0 0 DENNIS HOUGHTON TRUSTEE 1.00 X 0 0 0 KATHY MELHORN TRUSTEE 1.00 X 0 0 0 MARTY WARD TRUSTEE 1.00 X 0 0 0 MODENA WILSON TRUSTEE 1.00 X 0 0 0 ERICA ALVAREZ-STANTON TRUSTEE 1.00 X 0 0 0 MYRON STINE TRUSTEE 1.00 X 0 0 0 CRAIG LITTLE TRUSTEE 1.00 X 0 0 0 SHARHONDA MACLIN TRUSTEE 1.00 X 0 0 0 RONDA NEHER TRUSTEE 1.00 X 0 0 0 CRAIG HOLMAN TRUSTEE 1.00 X 0 0 0 RANDEE KOGER TRUSTEE 1.00 X 0 0 0 JIM LOVING TRUSTEE 1.00 X 0 0 0 RICHARD LUNDQUIST TRUSTEE 1.00 X 0 0 0 STEPHANIE REITZ TRUSTEE 1.00 X 0 0 0 ANDY SKINNER TRUSTEE 1.00 X 0 0 0 PAM TUCKER TRUSTEE 1.00 X 0 0 0 AARON MEIS EXECUTIVE VP 50.00 X X 0 0 0 JONATHAN KLINGER TRUSTEE 1.00 X 0 0 0 DARYL BEAM TRUSTEE 1.00 X 0 0 0 987106 163684 23 false true false DONDLINGER & SONS CONSTRUCTION PO BOX 398 WICHITA KS 67201 CONSTRUCTION 9878177 TIM CHEATHAM CONSTRUCTION LLC 1015 W WOODSIDE MCPHERSON KS 67460 CONSTRUCTION 2325221 SODEXO DINING SERVICES 915 MEETING STREET NORTH BETHESDA MD 20852 DINING SERVICES 1938815 HUTTON CORPORATION PO BOX 1044 MCPHERSON KS 67460 CONSTRUCTION 982497 BECK ASSOCIATES ARCHITECTS 110 WEST 7TH STREET SUITE 710 TULSA OK 74119 DESIGN 883510 5 1182977 26687955 173423 27870932 TUITION & FEES 611710 26710410 26710410 AUXILIARY ENTERPRISE 611710 5909815 5909815 OTHER INCOME 611710 822173 822173 STUDENT HOUSING FEES 611710 101054 101054 33543452 1023622 1023622 960289 960289 4908860 22815 4783719 97670 125141 -74855 50286 50286 100739 93921 6818 6818 63455399 33593738 1990729 17781743 17781743 482215 48221 289331 144663 9781779 8133085 785962 862732 831695 654607 142738 34350 1424859 1111359 266411 47089 711593 571471 110839 29283 468923 18619 254008 196296 64285 6335 57950 82374 82374 773954 773954 706134 489509 212555 4070 271882 98049 50144 123689 500361 223692 178849 97820 1011329 110333 899252 1744 1316588 1180687 135901 816079 665413 18133 132533 379737 209691 119380 50666 391113 208085 183028 1642013 1554191 87822 689754 371046 318708 AUXILIARY 2203054 2203054 CO CURRICULAR 585377 584691 686 GENERAL EDUCATION 566124 554307 4023 7794 OTHER 278038 188380 73774 15884 141898 141898 43902901 36966568 5187720 1748613 1358168 561944 5365147 4332517 672879939 680725826 500562 546170 410657 222449 2432549 2617578 21149 279049 79540394 32702767 31341288 46837627 29462388 31658044 18972767 19821987 795559 640054 763540173 788243245 2729779 2956653 131999 2074385 9651882 1151221 8246092 4657307 5602539 18322188 18879669 X 31281849 48260322 713936136 721103254 745217985 769363576 763540173 788243245 X 19552498 4748635 -155542 X false true X true true true X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X X false 692122437 20977188 5496628 3960211 714363042 53371147 638754749 3747661 3751120 692122437 53919730 3615520 -1285504 2878599 53371147 44470837 2259621 9878632 2689360 53919730 47125339 532926 -339842 2847586 44470837 0.03590 0.96410 false false 5969889 5969889 49239964 32702767 16537197 9771731 9771731 14488778 14488778 46767595 LINE OF CREDIT 3800000 SPLIT-INTEREST AGREEMENTS 1455232 FINANCING LEASE LIABILITIES 274165 US GOVERNMENT LOANS FUNDS REFUNDABLE 137465 OPERATING LEASE LIABILITIES 59265 UNAMORTIZED DEBT ISSUANCE COST -123588 5602539 X 49467696 4748636 -155542 4593094 44874602 773954 17806843 18580797 63455399 25441125 25441125 773954 17687822 18461776 43902901 SCHEDULE D, PAGE 2, PART V, LINE 4 MCPHERSON COLLEGE'S ENDOWMENT FUND IS INTENDED TO PROVIDE AN INVESTED PRINCIPAL FROM WHICH EARNINGS CAN BE DRAWN TO ENSURE INCOME FOR SCHOLARSHIPS FOR STUDENTS AND OTHER BOARD-DESIGNATED SPENDING AS NEEDED TO ENHANCE THE EDUCATIONAL EXPERIENCE WE STRIVE TO PROVIDE. SCHEDULE D, PAGE 3, PART X FASB ASC TOPIC 740, INCOME TAXES RELATED TO UNCERTAIN TAX POSITIONS, PRESCRIBES A RECOGNITION THRESHOLD AND MEASUREMENT ATTRIBUTABLE FOR FINANCIAL STATEMENT RECOGNITION OF UNCERTAIN TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. THE COLLEGE DID NOT HAVE ANY MATERIAL UNCERTAIN TAX POSITIONS AS OF JUNE 30, 2024 AND 2023. TAX YEARS WITH OPEN STATUTES OF LIMITATIONS ARE 2021 AND FORWARD. SCHEDULE D, PAGE 4, PART XI, LINE 2D CHANGE IN VALUE SPLIT INTEREST AGREEMENT -155,542 SCHEDULE D, PAGE 4, PART XI, LINE 4B BOOKSTORE COGS -93,921 UNCOLLECTIBLE PLEDGES 0 SCHOLARSHIPS AND GRANTS 17,781,743 DEPRECIATION ON INVESTMENT ASSETS 119,021 SCHEDULE D, PAGE 4, PART XII, LINE 4B SCHOLARSHIPS AND GRANTS 17,781,743 BOOKSTORE COGS -93,921 true true true true true true true false false false false false false false false true false true SCHEDULE E, LINE 3 OUR NON-DISCRIMINATORY POLICY IS DISCLOSED ON OUR WEBSITE AND ON ALL APPLICATIONS FOR ADMISSION. SCHEDULE E, LINE 6 SCHEDULE E, LINE 6A - EXPLANATION OF GOVERNMENT FINANCIAL AID: MCPHERSON COLLEGE RECEIVES FEDERAL AID IN THE FORM OF PELL, FSEOG, FEDERAL WORK STUDY GRANTS, TEACHER EDUCATION ASSISTANCE FOR COLLEGE AND HIGHER EDUCATION, AND DIRECT LOANS. true STUDENT SCHOLARSHIPS 824 17781743 BOOK TUITION REDUCTI SCHEDULE I, PAGE 4, PART IV ALL SCHOLARSHIPS & GRANTS ARE AWARDED TO STUDENTS ATTENDING MCPHERSON COLLEGE. THESE SCHOLARSHIPS & GRANTS ARE NON-CASH AWARDS, REQUIRING THE AWARDS TO BE USED AS A DIRECT REDUCTION IN TUITION COST. X X true true X X X X false false false false false false false false false MICHAEL SCHNEIDER COLLEGE PRESIDENT 310209 63630 33000 15952 422791 AMANDA GUTIERREZ PROVOST/EXECUTIVE VP 145955 15270 15952 177177 CAROL SUMMERVILL VP FOR FINANCE 128408 13310 8580 150298 SCHEDULE J, PAGE 1, PART I, LINE 1A UNDER IRC SECT 119(A)THE VALUE OF LODGING PROVIDED IN-KIND TO AN EMPLOYEE (THE PRESIDENT) FOR THE CONVENIENCE OF THE EMPLOYER IS EXCLUDABLE FROM GROSS INCOME IF THE EMPLOYEE IS REQUIRED TO ACCEPT SUCH LODGING ON THE BUSINESS PREMISES OF THE EMPLOYER AS A CONDITION OF EMPLOYMENT. THE COLLEGE REQUIRES AND FURNISHES A HOME FOR THE PRESIDENT'S USE AS A CONDITION OF HIS EMPLOYMENT. THE PRESIDENT IS TO USE THE HOME TO ENTERTAIN OR HOLD MEETINGS FOR BOARD MEMBERS, VARIOUS COLLEGE EMPLOYEES, POTENTIAL DONORS, AND STUDENTS. THIS IS A SCHOOL POLICY AND IS PART OF HIS EMPLOYMENT CONTRACT. THE PRESIDENT HAS USED THE RESIDENCE EXTENSIVELY FOR COLLEGE BUSINESS. HE HAS AN OFFICE IN THE HOUSE SOLELY DESIGNATED FOR COLLEGE WORK THAT HE USES EACH DAY AND ON WEEKENDS. THE PRESIDENT ENTERTAINS THE TRUSTEES WHICH DROP BY CONTINUOUSLY THROUGHOUT THE YEAR. THE PRESIDENT WILL HOLD CABINET MEETINGS AT THE HOUSE PERIODICALLY. MEETINGS WITH COMMUNITY OFFICIALS OCCUR FREQUENTLY AT THE HOUSE. THE PRESIDENT MEETS POTENTIAL AND LONG-TIME DONORS AT HIS HOME SEVERAL TIMES A MONTH TO SECURE CONTRIBUTIONS FOR THE COLLEGE. HE HOLDS A FRESHMAN SEMINAR CLASS AT THE HOME SEVERAL TIMES A MONTH. THE PRESIDENT HAS ALSO ALLOWED STUDENTS TO STAY AT THE HOUSE FOR SHORT STAYS WHEN NEEDED. HIS HOME IS ALWAYS OPEN TO STUDENTS TO DROP BY AND VISIT. THE PRESIDENT PERFORMS A MEANINGFUL PORTION OF HIS DUTIES AT HIS HOME. THE COLLEGE PAYS FOR THE PRESIDENT'S ANNUAL MEMBERSHIP TO THE MCPHERSON COUNTRY CLUB. THIS AMOUNT IS TREATED AS TAXABLE TO THE PRESIDENT AND IS INCLUDED IN WAGES. X 5 135000 MARKET VALUE X 5 30596 MARKET VALUE X SPORTS MEMORA- 22 7827 MARKET VALUE false true true SCHEDULE M, PAGE 1, PART I, LINE 32B SCHEDULE M, LINE 32B: STOCK DONATIONS ARE RECEIVED AT PEOPLES BANK AND TRUST IN MCPHERSON, KANSAS. AFTER THE DONOR IS IDENTIFIED, THE BANK SELLS THE STOCK AND DEPOSITS THE PROCEEDS IN A SEPARATE ACCOUNT SET UP FOR THESE TRANSACTIONS LESS THEIR COMMISSION. FORM 990 - ORGANIZATION'S MISSION TO DEVELOP WHOLE PERSONS THROUGH SCHOLARSHIP, PARTICIPATION AND SERVICE. MCPHERSON COLLEGE IS A VIBRANT COMMUNITY OF PERSONS FROM DIVERSE FAITHS AND CULTURAL BACKGROUNDS. THE COLLEGE PROVIDES EDUCATION IN OVER 30 AREAS OF STUDY, SERVING APPROXIMATELY 781 STUDENTS. FORM 990, PAGE 2, PART III, LINE 4A A.MCPHERSON COLLEGE'S MISSION IS TO "DEVELOP WHOLE PERSONS THROUGH SCHOLARSHIP, PARTICIPATION, AND SERVICE" WITHIN A CAREER-FOCUSED LIBERAL ARTS ENVIRONMENT. IN 2023, THE COLLEGE SECURED AN UNPRECEDENTED 1B COMMITMENT TO ITS ENDOWMENT, MARKING ONE OF THE LARGEST SINGLE ENDOWMENT COMMITMENTS OF ANY SMALL LIBERAL ARTS COLLEGE IN THE U.S. NATIONALLY RECOGNIZED BY U.S. NEWS & WORLD REPORT, MONEY MAGAZINE, AND THE CHRONICLE OF HIGHER EDUCATION'S "GREAT COLLEGES TO WORK FOR," MCPHERSON COLLEGE IS RENOWNED FOR ITS INNOVATIVE PROGRAMS. ITS AUTOMOTIVE RESTORATION PROGRAM, THE FIRST FOUR-YEAR DEGREE PROGRAM OF ITS KIND, MADE HISTORY WHEN A STUDENT-RESTORED MERCEDES-BENZ 300 S EARNED A CLASS AWARD AT THE PEBBLE BEACH CONCOURS D'ELEGANCE - THE FIRST TIME A STUDENT-RESTORED CAR RECEIVED SUCH AN HONOR AT THE PRESTIGIOUS CONCOURS. LEARN ABOUT ALL OF ITS PROGRAMS AT WWW.MCPHERSON.EDU. FORM 990, PAGE 6, PART VI, LINE 11B REVIEWED BY THE VP FOR FINANCE AND THE FINANCE COMMITTEE OF THE BOARD OF DIRECTORS BEFORE BEING FILED. IN ADDITION, A COMPLETE COPY OF THE FORM 990 IS MADE AVAILABLE TO EACH BOARD MEMBER TO VIEW, VIA A PASSWORD-PROTECTED WEBSITE, PRIOR TO FILING. FORM 990, PAGE 6, PART VI, LINE 12C CONFLICTS OF INTEREST ARE REVIEWED PERIODICALLY FOR VIOLATIONS OF POLICIES. IF A CONFLICT ARISES THE TRUSTEES ARE RECUSED FROM THE VOTE. FORM 990, PAGE 6, PART VI, LINE 15A COMPENSATION DETERMINATION IS AIDED THROUGH THE USE OF COMPARATIVE DATA FROM SIMILAR SIZE ENTITIES AND INDEPENDENT DATA OBTAINED BY THE BOARD AND MANAGEMENT. FORM 990, PAGE 6, PART VI, LINE 15B COMPENSATION DETERMINATION IS AIDED THROUGH THE USE OF COMPARATIVE DATA FROM SIMILAR SIZE ENTITIES AND INDEPENDENT DATA OBTAINED BY THE BOARD AND MANAGEMENT. FORM 990, PAGE 6, PART VI, LINE 19 THE GOVERNING DOCUMENTS, THE CONFLICT OF INTEREST POLICY AND THE FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART VII MCPHERSON COLLEGE RECEIVED A COMMITMENT FOR A HISTORIC 1 BILLION ENDOWMENT ESTATE GIFT AFTER COMPLETING A DOUBLE MATCH CHALLENGE. THE MCPHERSON COLLEGE BOARD OF TRUSTEES VOTED UNANIMOUSLY TO NAME THE MCPHERSON COLLEGE ENDOWMENT AFTER TWO LATE ALUMNI AND PROFESSORS AT MCPHERSON COLLEGE, DRS. JOHN WARD AND JOHN BURKHOLDER. THE DONOR AGREEMENT PROVIDES THE FLEXIBILITY FOR THE ANONYMOUS DONOR TO PAY OUT OVER TIME, OR IT IS ALL PAID IN FULL UPON THE DONOR'S DEATH, WHICH IS THE LATEST TIME AT WHICH MCPHERSON COLLEGE WOULD HAVE ACCESS TO THE ANONYMOUS DONOR'S 1 BILLION. MOST OTHER GIFTS TO MEET THE CHALLENGE WILL COME OVER TIME AS PART OF ESTATE COMMITMENTS. FORM 990, PART XI, LINE 9 CHANGE IN SPLIT INTEREST AGREEMENT -155,542 KS INDEPENDENT COLLEGE ASSOCIATION 700 S KANSAS AVE SUITE 622A TOPEKA KS 66603 480766794 ED SUPPORT KS 501C3 12A N/A false KS INDEPENDENT COLLEGE FOUNDATION 700 S KANSAS AVE SUITE 622B TOPEKA KS 66603 480636041 ED SUPPORT KS 501C3 12A N/A false false false false false false false false false false false false true false false false false false false false KS INDEPENDENT COLLEGE ASSN L 132950 INVOICES KS INDEPENDENT COLLEGE FOUNDATION L 198962 INVOICES