2014-05-12T13:13:02-05:00 2013-06-30 431126847 WILLIAMS-KEEPERS LLC 2005 WEST BROADWAY SUITE 100 COLUMBIA MO 65203 990 2012-07-01 430652617 WESTMINSTER COLLEGE WEST 5735925225 7TH AND WESTMINSTER AVENUE FULTON MO 65251 PHILIP J DANIELS 5735925225 2014-05-09 1 HEIDI A CHICK P00043945 5734426171 2012 2015-11-30 17:44:51Z GEORGE B FORSYTHE 501 WESTMINSTER AVENUE FULTON MO 65251 59782190 0 X WWW.WESTMINSTER-MO.EDU X 1853 MO FOUR-YEAR, UNDERGRADUATE LIBERAL ARTS COLLEGE. 36 36 962 39 525284 29818 4426072 8118927 22381834 22332403 764887 3681089 4377693 4722492 31950486 38854911 12318136 12887805 0 0 13787881 12842451 73452 0 585801 11232518 11843815 37411987 37574071 -5461501 1280840 92118762 92296369 19491774 18020302 72626988 74276067 X IT SHALL BE THE MISSION OF WESTMINSTER COLLEGE TO EDUCATE AND INSPIRE ALL ITS STUDENTS THROUGH A DISTINCTIVE LIBERAL ARTS CURRICULUM AND A DYNAMIC DEVELOPMENTAL EXPERIENCE; TO CHALLENGE THEM TO BE CRITICALLY AWARE, LIFE-LONG LEARNERS AND LEADERS OF CHARACTER, COMMITTED TO THE VALUES OF INTEGRITY, FAIRNESS, RESPECT, AND RESPONSIBILITY; AND TO PREPARE THEM FOR LIVES OF SUCCESS, SIGNIFICANCE AND SERVICE. 0 0 6346381 9444598 INSTRUCTIONAL - ACADEMIC DEPARTMENTS FOR CLASSROOM INSTRUCTION. NUMBER BENEFITED - SERVED 1086 STUDENTS FALL 2012 AND 1016 STUDENTS SPRING 2013 12887805 12887805 12887805 SCHOLARSHIPS - FINANCIAL AID PROVIDED TO STUDENTS ON BASIS OF ACADEMIC ACHIEVEMENT, FINANCIAL NEED AND OTHER SIMILAR STANDARDS. NUMBER BENEFITED - 1095. 5946743 STUDENT SERVICES - EXPENSES RELATING TO DEAN OF STUDENT LIFE, ADMISSIONS, GUIDANCE, PLACEMENT, CHAPLIN, FINANCIAL AID, AND INTERCOLLEGIATE ATHLETICS. NUMBER BENEFITED - SERVED 1086 STUDENTS FALL 2012 AND 1016 STUDENTS SPRING 2013 4548783 4280255 AUXILIARY OPERATIONS- RESIDENCE HALLS, BOOK STORE, DINING HALL. 2327759 ACADEMIC SUPPORT - NUMBER BENEFITED - 1086 STUDENTS FALL 2012 AND 1016 STUDENTS SPRING 2013 6876542 4280255 32057471 1 1 0 0 0 0 1 1 0 1 1 1 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 94 0 1 962 1 1 1 0 0 0 0 0 0 0 0 0 X 36 36 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 X PHILIP J DANIELS 5735925225 501 WESTMINSTER AVE FULTON MO 65251 G ROBERT MUEHLHAUSER 0.50 X X 0 0 0 WALLACE HEAD 0.50 X X 0 0 0 HAROLD OAKLEY 0.50 X X 0 0 0 BROCK AYERS 0.50 X 0 0 0 BYRON BAGBY 0.50 X 0 0 0 JANE BELL 0.50 X 0 0 0 HEATHER BIEHL 0.50 X 0 0 0 BRUCE BROOKBY 0.50 X 0 0 0 CHARLES CARDEN 0.50 X 0 0 0 PETER CHILDS 0.50 X 0 0 0 KIM DANIEL 0.50 X 0 0 0 WILLIAM DANIELS 0.50 X 0 0 0 PAUL DAVIS 0.50 X 0 0 0 ARNO EASTERLY 0.50 X 0 0 0 JOHN ELROD 0.50 X 0 0 0 JUNE FOWLER 0.50 X 0 0 0 JAMES HARROD 0.50 X 0 0 0 PAUL KAVANAUGH 0.50 X 0 0 0 H PHILLIPS KLIEWER 0.50 X 0 0 0 RON KOSTICH 0.50 X 0 0 0 DONALD LOFE 0.50 X 0 0 0 KENNETH MEYER 0.50 X 0 0 0 JERRY MIDDLETON 0.50 X 0 0 0 C ROBERT MONROE 0.50 X 0 0 0 JAMES MORTON 0.50 X 0 0 0 KENT MUELLER 0.50 X 0 0 0 JOHN PANETTIERE 0.50 X 0 0 0 GREGORY RICHARD 0.50 X 0 0 0 WILLIAM ROEDY 0.50 X 0 0 0 JAMES SCHMUCK 0.50 X 0 0 0 ANNE SCHNEIDER 0.50 X 0 0 0 LINDA TAYLOR 0.50 X 0 0 0 FRANKLIN TURNER 0.50 X 0 0 0 J DAVID VEITCH 0.50 X 0 0 0 MICHAEL WILLIAMS 0.50 X 0 0 0 RONALD WINNEY 0.50 X 0 0 0 GEORGE B FORSYTHE 40.00 X 215000 0 29636 PHIL DANIELS 40.00 X 95122 0 14031 JOHN COMERFORD 40.00 X 81979 0 19608 WILLIAM SHEEHAN 40.00 X 0 0 0 TERRY BOWMASTER 40.00 X 74924 0 3578 CAROLYN PERRY 40.00 X 112450 0 6358 579475 0 73211 2 0 1 0 FRESH IDEAS 100 W NIFRONG BLVD BLDG 3 SUITE 2 COLUMBIA MO 65203 FOOD SERVICE 1236250 ATKINS INC PO BOX 756 COLUMBIA MO 65205 CLEANING 176748 ALLIED BARTON PO BOX 828854 PHILADELPHIA PA 191828854 SECURITY 144578 SPECTRUM CREATIVE SOLUTIONS 306 MAIN STREET POUGHKEEPSIE NY 12601 ADMISSIONS NAME VENDOR 140748 WILLIAMS KEEPERS LLC 2005 WEST BROADWAY SUITE 100 COLUMBIA MO 65203 ACCOUNTING AND TAX SERVICES 138976 5 1278593 6840334 540817 8118927 TUITION, FEES, RELATED PROGRAMS 900099 22332403 22332403 22332403 525284 525284 36358 0 36358 36358 36358 24047310 20875893 15612 3171417 -15612 3155805 3155805 38642 35774 2868 2868 AUXILIARY SERVICES 900099 4280255 4280255 OTHER INCOME 900099 403011 403011 4683266 38854911 26612658 525284 3598042 12887805 12887805 556558 515277 41281 10386711 8108138 1968497 310076 1889665 1442592 374509 72564 9517 9517 17926 17926 101777 101777 122848 122848 2781990 1800422 956664 24904 322129 65002 257127 1443505 1059499 336431 47575 502655 24073 478582 1237848 439221 798627 824038 679049 107172 37817 81712 18968 27812 34932 621622 621622 2439013 2257750 181263 249743 84612 163002 2129 ALLOCATION OF PLANT 0 2148732 -2148732 SPECIAL PROJECTS 352186 299495 51807 884 LOSS ON BOND REFUNDING 324825 324825 OTHER 168250 90399 67221 10630 251748 30092 218647 3009 37574071 32057471 4930799 585801 72661 103157 55824 89870 1125062 1575652 859227 711102 397973 157898 35794 44913 502523 571963 84763276 40892552 45689549 43870724 27073083 32357133 11946617 8968813 669007 632292 88928 3691442 3123924 92118762 92296369 2025651 1976924 9594 11005000 13420000 3287137 836922 3173986 1776862 19491774 18020302 X 21011415 21507612 7791211 8520445 43824362 44248010 72626988 74276067 92118762 92296369 X 1280840 306543 61696 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X 1 1 1 0 59078 X X X X X EDUCATE STUDENTS AT THE SCHOOL 0 46217515 1885885 4126932 1443177 870486 1013653 48903016 50611328 414711 -293243 2914890 804605 795786 46217515 48978815 346731 7163276 2802188 936203 2139103 50611328 48549313 334726 4098343 873579 2922416 207572 48978815 61313180 676464 -8573795 1029802 3672582 164152 48549313 0.00780 0.86600 0.12620 0 0 3324148 1866181 5190329 67824113 30055011 37769102 11741696 10837541 904155 7138 7138 43870724 REAL ESTATE MORTGAGE NOTES 38021 F HEDGE FUND 2492433 F LIMITED PARTNERSHIP - NATURAL RESOURCES 1913035 F LIMITED PARTNERSHIP - REIT 1318069 F PRIVATED EQUITY LIMITED PARTNERSHIP 1576718 F LIFE INSURANCE POLICY 10700 F HEDGE FUND MUTUAL FUND 1549277 F MASTER LIMITED PARTNERSHIP INDEX EXHCANGE TRADED FUND 26775 F REAL ESTATE MUTUAL FUND 23272 F COMMODITY MUTUAL FUND 20513 F 8968813 STUDENT DEPOSITS 237683 DEPOSITS HELD FOR OTHERS 279332 ANNUITIES PAYABLE 452305 REUNDABLE GOVERNMENT ADVANCES FOR PERKINS LOAN 486898 CONDITIONAL ASSET RETIREMENT OBLIGATIONS 320644 1776862 X 25923446 306543 -13150934 -12844391 38767837 122848 -35774 87074 38854911 24274367 35774 35774 24238593 122848 13212630 13335478 37574071 DESCRIPTION OF HOW ORGANIZATION REPORTS CONSERVATION EASEMENTS: PART II, LINE 9: THE WINSTON CHURCHHILL MEMORIAL LOCATED AT WESTMINSTER COLLEGE IS A CERTIFIED HISTORIC STRUCTURE. GIFTS RECEIVED FROM DONORS TO SUPPORT THE MEMORIAL ARE REPORTED AS CONTRIBUTION REVENUE. EXPENSES RELATING TO THE MEMORIAL ARE REPORTED AS PROGRAM EXPENSES (ACADEMIC SUPPORT). PART III, LINE 4: MISSON: THE NATIONAL CHURCHILL MUSEUM, ON THE CAMPUS OF WESTMINSTER COLLEGE, COMMEMORATES AND CELEBRATES THE LIFE, TIMES, AND DISTINGUISHED CAREER OF SIR WINSTON CHURCHILL AND INSPIRES CURRENT AND FUTURE LEADERS BY HIS EXAMPLE OF RESILIENCE, DETERMINATION, AND RESOLUTION. THE MUSEUM FULFILLS ITS MISSION BY: - MAINTAINING AND EVOLVING THE MUSEUM AS A SYMBOL OF CHURCHILLS LEADERSHIP AND PRINCIPLES, - BUILDING AND PRESERVING THE COLLECTIONS ABOUT CHURCHILL AND CHRISTOPHER WREN, - CONTRIBUTING TO CULTURAL ENRICHMENT THROUGH EXHIBITIONS AND EDUCATIONAL PROGRAMS, AND - DEVELOPING ACADEMIC RESOURCES TO PROMOTE SCHOLARLY STUDY. THE MUSEUM'S COLLECTION IS A JEWEL FOR MILITARY AND BRITISH HISTORIANS AND COMPRISES MANY ONE-OF-A-KIND ARTIFACTS. HISTORIANS INTERESTED IN THE LIFE AND TIMES OF SIR WINSTON CHURCHILL COULD NOT FIND A BETTER PLACE IN AMERICA TO CONDUCT THEIR STUDIES, ACCORDING TO BARRY R. BAUMAN WHO COMPLETED A GENERAL SURVEY OF THE MUSEUM IN 2008 (WWW.BAUMANCONSERVATION.COM). THE COLLECTION INCLUDES OVER 10,000 LIBRARY AND ARCHIVAL MATERIALS. THERE ARE ALSO THOUSANDS OF PHOTOGRAPHS, SEVERAL HUNDRED PRINTS AND DRAWINGS, AND APPROX. 1,000 THREE-DIMENSIONAL OBJECTS. THE GREATEST STRENGTH OF THE HOLDINGS IS THE INTERRELATIONSHIPS WITHIN THE VARIOUS SECTIONS OF THE COLLECTION. THE COLLECTION ALSO INCLUDES LESSER NUMBERS OF PAINTINGS AND TEXTILES, PRIMARILY UNIFORMS. SOME OF THE COLLECTION IS USED IN HANDS-ON EDUCATIONAL ACTIVITIES. THIS OFFERS A WONDERFUL ADDITIONAL EXPERIENCE TO ALL STUDENTS. THE CHURCHILL PRIMARY DOCUMENTS CONSISTING OF PHOTOGRAPHS AND LETTERS ARE EXCELLENT SOURCE MATERIALS FOR RESEARCH IN THE LATE PERSONAL LIFE OF CHURCHILL AND HIS FAMILY MEMBERS. OTHER COLLECTION MATERIALS INCLUDE HUNDREDS OF ORIGINAL WAR POSTERS, NEWSPAPERS AND CLIPPINGS FOR EXCELLENT PRIMARY SOURCES FOR FACTS AND OPINIONS. COLLECTIONS ON MUSEUM EVENTS GIVE PERSPECTIVE ON THE VISITS OF CHURCHILL, TRUMAN, GORBACHEV, THATCHER, REAGAN, BUSH AND OTHER STATE LEADERS AND THEIR GLOBAL VIEWPOINT ON THE COLD WAR. HISTORIC PRESERVATION SCHOLARS WILL FIND LETTERS, INVOICES AND PAPERS ON THE UNIQUE TASK OF TRANSPORTING A BAROQUE CHURCH STRUCTURE FROM LONDON TO FULTON, ITS REASSEMBLE AND RECREATING CARVINGS AND CURTAIN ORNAMENTATION TO REFLECT SIR CHRISTOPHER WREN. THE WINSTON CHURCHILL MEMORIAL AND LIBRARY CONTAINS 1,322 VOLUMES PERTAINING TO CHURCHILL AND IS RATED AS EXCELLENT HOLDINGS OF SECONDARY SOURCE MATERIALS. CARLO D'ESTE, AUTHOR OF WARLORD: THE LIVE OF WINSTON CHURCHILL AT WAR, BEGAN HERE AS HIS STARTING POINT FOR RESEARCH. THIS PROJECT WILL EXPAND ACCESS TO THE CHURCHILL COLLECTION AND SPECIFICALLY, ITS RELEVANCE TO THE COLD WAR. BECAUSE OF THE LACK OF ADEQUATE DESCRIPTIVE MATERIALS AND GOOD FINDING AIDS, THE MUSEUM'S COLLECTION IS UNDER-UTILIZED. SOME VOLUMES ARE LOCATED AT REEVES LIBRARY, THE COLLEGE LIBRARY, LOCATED ACROSS FROM THE MUSEUM FACILITY. THE MUSEUM'S ARCHIVES/COLLECTIONS ARE FOR EDUCATION PURPOSES EITHER THROUGH PUBLIC EXHIBITION INHOUSE AND LOANED TO OTHER EXHIBITING INSTITUTIONS, SCHOLARLY RESEARCH, AND PUBLIC EDUCATION. DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: GENERAL SUPPORT OF THE COLLEGE, SUPPORT OF ACADEMIC DEPARTMENTS, AWARD SCHOLARSHIPS, SUPPORT OF FACILITY CHAIRS, SUPPORT THE CHURCHILL MEMORIAL, MAINTENANCE OF THE COLLEGE FACILITIES, SUPPORT THE LIBRARY, RESEARCH PROGRAMS, LOAN FUNDS AND LECTURES. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X, LINE 2: THE AUDITED FINANCIAL STATEMENTS INCLUDE THE FOLLOWING STATEMENT: "THE COLLEGE IS A NOT-FOR-PROFIT ORGANIZATION AS DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND IS EXEMPT FROM FEDERAL INCOME TAXES PURSUANT TO SECTION 501(A) OF THE CODE, EXCEPT FOR UNRELATED BUSINESS INCOME WHICH IS SUBJECT TO FEDERAL AND STATE INCOME TAXES AT STATUTORY RATES. THE COLLEGE'S FORM 990 AND TAXABLE STATUS ARE SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE FOR OPEN TAX YEARS, WHICH AS OF THE DATE OF THIS REPORT ARE THE YEARS ENDED JUNE 30, 2009 THROUGH 2012. INTEREST AND PENALTIES INCURRED, IF ANY, RELATED TO ANNUAL FORM 990 OR UNRELATED BUSINESS INCOME TAX FILINGS ARE REPORTED WITHIN MANAGEMENT AND GENERAL EXPENSES IN THE STATEMENT OF ACTIVITIES." PART XI, LINE 2D - OTHER ADJUSTMENTS: FINANCIAL AID/GRANTS -12,887,805. CHANGE IN VALUE OF SPLIT-INTEREST AGREEMENTS 61,696. LOSS ON BOND REFUNDING REPORTED IN EXPENSES ON RETURN -324,825. PART XI, LINE 4B - OTHER ADJUSTMENTS: AMOUNT REPORTED AS COST OF GOODS SOLD -35,774. PART XII, LINE 2D - OTHER ADJUSTMENTS: AMOUNT REPORTED AS COST OF GOODS SOLD 35,774. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID/GRANTS 12,887,805. LOSS ON BOND REFUNDING REPORTED IN EXPENSES ON RETURN 324,825. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 EXPLANATION OF NONDISCRIMINATORY POLICY PUBLICATION SCHEDULE E, PART I, LINE 3 ALL PUBLICATIONS AND LOCAL BROADCASTS MADE DURING THE REGISTRATION PERIOD INDICATE THE SOCIALLY NONDISCRIMINATORY POLICY OF THE INSTITUTION. EXPLANATION OF GOVERNMENT FINANCIAL ASSISTANCE SCHEDULE E, PART I, LINE 6 SCHEDULE A, PART V, LINE 34A - WESTMINSTER COLLEGE RECEIVES FEDERAL ASSISTANCE FROM THE DEPARTMENT OF EDUCATION FOR STUDENT FINANCIAL AID UNDER THE PELL GRANT, SUPPLEMENTARY EDUCATIONAL OPPORTUNITY GRANTS, COLLEGE WORK-STUDY, AND PERKINS LOAN PROGRAMS. 1 UNDERGRADUATE SCHOLARSHIP AWARDS 1095 12887805 PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, PART I, LINE 2: FINANCIAL AID VERIFIES ELIGIBILITY AND AWARDS APPROPRIATELY. FUNDS ARE TRANSFERRED TO STUDENT ACCOUNTS TO COVER FEES. NO OVER-AWARDING IS PERMITTED. X 1 1 X X 0 0 0 0 0 0 0 0 0 GEORGE B FORSYTHE 215000 0 0 0 0 0 0 9000 0 20636 215000 29636 0 0 PART I, LINE 1A THE PRESIDENT'S RESIDENCE IS USED FOR THE BUSINESS PURPOSES OF THE UNIVERSITY AND TO FURTHER THE MISSION OF WESTMINSTER COLLEGE. THE PRESIDENT IS REQUIRED TO RESIDE IN THE RESIDENCE AND HOST MANY EVENTS FOR FACULTY, STAFF, ALUMNI, BOARD MEMBERS, AND OTHERS. SUPPLEMENTAL INFORMATION PART III AMOUNTS IN COLUMN D FOR GEORGE FORSYTHE INCLUDE THE VALUE OF COLLEGE-PROVIDED HOUSING AND PERSONAL SERVICES RELATED TO THE PRESIDENT'S HOUSE. A IDA OF CALLAWAY COUNTY MO REFUNDING REVENUE BONDS SERIES 2012A 431327288 131168BD7 2012-07-19 6245000 REFUNDING OF A PRIOR ISSUE THAT WAS DATED 5/11/05 0 0 0 B IDA OF CALLAWAY COUNTY MO REFUNDING REVENUE BONDS SERIES 2012C 431327288 131168BL9 2012-07-19 6043810 REFUND PRIOR ISSUES THAT WERE DATED 8/28/07 AND 6/29/10 0 0 0 A 6245000 45450 124900 6074651 1 0 1 1 B 6085000 124377 120876 5798557 1 0 1 1 A 0 0 0 0 0 0 0 B 0 0 0 0 0 0 0 A 0 1 0 0 1 0 0 0 0 B 0 0 0 1 1 0 0 0 0 A 0 B 0 X 4 535380 MEDIUM VALUE PER SHARE X FURNITURE 1 5438 THRIFT SHOP VALUE 0 1 0 METHOD FOR DETERMINING NUMBER OF CONTRIBUTIONS: PART I, COLUMN (B): THE NUMBER OF CONTRIBUTORS WAS USED ABOVE NON REPORTING OF REVENUE: PART I, LINE 33: GIFTS OF HISTORICAL TREASURES AND COLLECTIONS FOR THE NATIONAL CHURCHILL MUSEUM ARE NOT RECORDED ON THE FINANCIAL STATEMENTS. FORM 990, PART VI, SECTION B, LINE 11 FORM 990 IS REVIEWED BY THE CONTROLLER AND CFO. A COPY OF THE FORM 990 IS MADE AVAILABLE TO BOARD MEMBERS ELECTRONICALLY. BOARD MEMBERS ARE NOTIFIED AND ASKED TO REVIEW WITH A STATED DEADLINE. FORM 990, PART VI, SECTION B, LINE 12C MEMBERS ARE REQUIRED TO DISCLOSE ANY CONFLICTS OF INTEREST ANNUALLY. ANY ACTIVITY OF SIGNIFICANCE GOES BEFORE THE BOARD AND MEMBERS ARE REQUIRED TO ABSTAIN AFTER DISCLOSING A PERSONAL RELATIONSHIP. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF SPLIT-INTEREST AGREEMENTS 61,696. SELECTION OF INDEPENDENT AUDITOR FORM 990, PART XII, LINE 2C THE FINANCIAL AFFAIRS COMMITTEE MANAGES ISSUES RELATING TO SELECTION OF THE INDEPENDENT AUDITOR. THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.