2014-05-15T13:39:49-07:00 2013-06-30 TD&T CPAs and Advisors PC 317 HIGH AVE E OSKALOOSA IA 525772823 990 2012-07-01 420707120 WILLIAM PENN UNIVERSITY WILL 6416731001 NORTH MARKET AND TRUEBLOOD AVENUE OSKALOOSA IA 52577 BONNIE JOHNSON 2014-05-15 true Joseph B Ryan CPA P00769873 6416722523 2012 2015-11-30 17:44:51Z 40168811 false false X www.wmpenn.edu X 1873 IA William Penn University provides the opportunity for an educational experience with a focus on leadership, technology, and the Quaker principles of simplicity, peace-making, integrity, community and equality. 21 20 867 50 -122840 -110234 6062922 7814384 30652924 31215894 83851 871856 -92258 -123110 36707439 39779024 12540267 13358893 0 12026884 11858857 44187 0 551206 12772867 12849085 37384205 38066835 -676766 1712189 65667736 66758149 46728792 46339574 18938944 20418575 X William Penn University provides the opportunity for an educational experience with a focus on leadership, technology, and the Quaker principles of simplicity, peace-making, integrity, community and equality. false false 13358893 13358893 SCHOLARSHIP PROGRAMS FOR SCHOLARSHIPS AND GRANTS TO 1,201 STUDENTS. 10063960 28067965 INSTRUCTION AND ACADEMIC SUPPORT PROVIDED TO 2,026 FULL AND PART-TIME STUDENTS. 5839966 STUDENTS SERVICES, INCLUDING STUDENT DEVELOPMENT, ACADEMIC AND CAREER COUNCELING, INTERCOLLEGIATE ATHLETICS, FINANCIAL ASSISTANCE AND OTHER SERVICES, WAS PROVIDED TO 2,026 FULL AND PART TIME STUDENTS. 2592270 31855089 true true false true false false false true false true true false false true true true true false true false false false false false true false false false true true true false false false false false true true true false true true false false false false true false false false false true 67 0 true 867 true true false false false false true true false 0 false false false false false false false false false false X 21 20 true false false false false false false true true false false true true true true true true true true false X BONNIE JOHNSON 6416731001 NORTH MARKET AND TRUEBLOOD AVENUE OSKALOOSA IA 52577 JERRY N ELLIS 2.00 0.00 X X 0 0 0 JON WOODS 2.00 0.00 X 0 0 0 RUTH NEUBERT 2.00 0.00 X 0 0 0 BERRY JOHNSON 2.00 0.00 X 0 0 0 RONALD K BRYAN 2.00 0.00 X 0 0 0 SAMUEL H RITCHIE 2.00 0.00 X 0 0 0 GUY VANDER LINDEN 2.00 0.00 X 0 0 0 JOE P CROOKHAM 2.00 0.00 X X 0 0 0 JASON VAN WYK 2.00 0.00 X 0 0 0 CHRIS HYLAND 2.00 0.00 X 0 0 0 DAVID RIDGLY 2.00 0.00 X 0 0 0 ROBERT SCHULTZE 2.00 0.00 X 0 0 0 MARGARET STOLZFUS 2.00 0.00 X 0 0 0 ERIC JON NICHOLS 2.00 0.00 X 0 0 0 GREG HARRIS 2.00 0.00 X 0 0 0 REGINALD MARTIN 2.00 0.00 X 0 0 0 ROGER LEBEL 2.00 0.00 X 0 0 0 TOM FRANKS 2.00 0.00 X 0 0 0 ANN FIELDS 40.00 0.00 X X 175544 0 14927 KAYE DELANGE 2.00 0.00 X 0 0 0 DAVID AHMAD 2.00 0.00 X 0 0 0 RITA DAVIS 2.00 0.00 X 0 0 0 JUDY WILLIAMS 40.00 0.00 X 49244 0 13467 MARGE WELCH 40.00 0.00 X 79479 0 14303 SHERRI TAYLOR 40.00 0.00 X 86028 0 10573 DIANNE K BURNS 40.00 0.00 X 37902 0 8323 NOEL STAHLE 40.00 0.00 X 112835 0 16715 BONNIE L JOHNSON 40.00 0.00 X 110466 0 16621 GREG HAFNER 40.00 0.00 X 71089 0 9772 JOHN OTTOSSON 40.00 0.00 X 143193 0 18138 STEVEN C NOAH 40.00 0.00 X 130866 0 17708 JOBI LAWRENCE 40.00 0.00 X 110436 0 4555 AVON MICHAEL LAIRD 40.00 0.00 X 85503 0 15369 TODD HAFNER 40.00 0.00 X 92947 0 10082 1285532 170553 6 false true false SODEXO SERVICES 4880 PAYSPHERE CIRCLE CHICAGO IL 60674 FOOD SERVICE 1422017 MAHASKA COMMUNICATIONS GROUP PO BOX 1038 OSKALOOSA IA 52577 MEDIA SERVICES 166790 JENZABAR PO BOX 845939 boston MA 022845939 SOFTWARE MAINTENANCE 302862 3 24070 494670 7295644 376318 7814384 STUDENT TUITION AND FEES 611310 28067965 28067965 ROOM 721310 815836 815836 OTHER PROGRAM INCOME 611710 338701 338701 BOOKS, COMPUTERS & OTHER 451211 476547 476547 BOARD 722210 1516845 1516845 31215894 244456 244456 0 0 71256 191429 -120173 -120173 -122840 2667 809400 182000 627400 627400 627400 13421 24070 16358 -2937 -2937 0 0 0 39779024 28067965 -122840 4019515 0 13358893 13358893 0 0 1134343 346210 533088 255045 0 8642205 7807577 798560 36068 152054 128232 19727 4095 1247851 1052351 161894 33606 682404 575492 88534 18378 0 120546 120546 85861 85861 0 0 0 2320844 292528 2028316 166989 14177 93752 59060 0 0 0 1056036 982131 59192 14713 501873 426443 38429 37001 0 0 2055888 1959598 74535 21755 0 1238947 1187666 38461 12820 329214 332294 -3080 RENTS 591720 591720 CONTRACT SERVICES 791883 108179 683704 SUPPLIES 975686 690383 265528 19775 FOOD SERVICE CONTRACT 1299735 1299735 1313863 701480 573493 38890 38066835 31855089 5660540 551206 318104 471463 0 2136604 2663199 614681 827047 0 0 2339036 2336018 0 1522707 1536379 61123982 21943634 39489607 39180348 1495565 580524 0 0 0 17751432 19163171 65667736 66758149 4306540 3880138 556182 431407 33226373 32873750 1000000 1133679 833670 6024200 5824200 1481818 1496409 46728792 46339574 X 2040349 3118403 9891237 10032671 7007358 7267501 18938944 20418575 65667736 66758149 1712189 -232558 X false true X true true true X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false false false false false false false true 5710 false false false 5710 false false Part II-B, Line 1i Part II-B, Line 1i - Other Activities Description AS PART OF THE ORGANIZATIONS DUES PAID TO THE IOWA ASSOCIATION OF INDEPENDENT COLLEGES & UNIVERSITIES (IAICU), A PORTION IS RESERVED FOR LOBBYING EXPENSES. THE (IAICU) WORKS ON BEHALF OF ITS MEMBERS TO INFORM POLICY MAKERS AT THE STATE AND FEDERAL LEVEL ABOUT THE CRITICAL ROLE OF ITS MEMBER INSTITUTIONS AS PART OF THE ENTIRE POST-SECONDARY EDUCATIONAL SECTOR. 3043375 X X X false 5959108 228435 212149 345289 6054403 6217613 94192 -39929 312768 5959108 5906333 47159 557382 293261 6217613 5710050 90367 341939 236023 5906333 5217798 879060 -376138 10670 5710050 1.00000 false false false 2076104 1242751 3318855 43826973 10139985 33686988 13978154 11803649 2174505 39180348 REMAINDER INTEREST TRUSTS 1468168 LIBRARY BOOKS 648681 CONSTRUCTION IN PROCESS 4485641 COLLECTIBLES 3043375 BENEFICIAL INTEREST IN PERPETUAL TR 6294971 19163171 US GOVERNMENT GRANTS REFUNDABLE 1496409 1496409 X 27124821 -231921 634753 -13057035 -12654203 39779024 39779024 25644553 634753 301858 936611 24707942 13358893 13358893 38066835 Part XII, Line 4b Part XII, Line 4b: Other revenue amounts included on 990 but not included in F/S SCHOLARSHIPS AND GRANTS $13358893 Part XII, Line 2d Part XII, Line 2d: Other expenses and losses per audited F/S SPECIAL EVENT EXPENSES $16358 RENTAL EXPENSES $191429 grouping differences $94071 Part X Part X : FIN48 Footnote The University has a tax determination letter from the Internal Revenue Service stating it qualifies under the provision of Section 501(c)(3) of the Internal Revenue Code and is exempt from federal income taxes. As such, the University is subject to federal income taxes only on any net unrelated business income under the provisions of Section 511 of the Internal Revenue Code. The University follows the accounting standards for contingencies in evaluating uncertain tax positions. This guidance prescribes recognition threshold principles for the financial statement recognition of tax positions taken or expected to be taken on a tax return that are not certain to be realized. No liability has been recognized by the University for uncertain tax positions as of June 30, 2013 and 2012. The University is subject to routine audits by taxing jurisdictions; however, there are currently no audits for any tax periods in progress. The University believes it is no longer subject to income tax examinations for years ended prior to June 30, 2010. Part V, Line 4 Part V, Line 4: Intended uses of the endowment fund. ENDOWMENT FUNDS CONSIST OF APPROXIMATELY 108 INDIVIDUAL FUNDS ESTABLISHED FOR SCHOLARSHIPS, GRANTS AND UNRESTRICTED PURPOSES FOR THE UNIVERSITY. ONLY REVENUE EARNED BY THE PORTFOLIO OF INVESTMENTS CAN BE USED FOR THE INTENDED PURPOSE. Part III, Line 4 Part III, Line 4: Description of organization's collections and how it furthers its purpose. THE UNIVERSITY MAINTAINS A COLLECTION OF MIDDLE EAST ARTIFACTS AND A REPLICA OF THE JING YUNG BELL FOR PURPOSES OF PUBLIC EXHIBIT AND SCHOLARLY RESEARCH. true true true true true true true false false false false false false false false true false true Schedule E, Line 3 - Racially Nondiscriminatory Policy Publicized NONDISCRIMINATION POLICY NOTED IN ALL PUBLIC ADVERTISING, UNIVERSITY CATALOGS AND FINANCIAL AID LITERATURE Schedule E, Line 6 - Explanation of Aid or Assistance from Governmental Agency We receive Pell and SEOG grants from the federal government. The pell grant is awarded to individual students based on need which is defined by the federal government through the FASFA application. SEOG is awarded by the institution based on need which is derived from the FASFA application.We also receive Direct sub subsidized and unsubsidized and plus loans which are direct loans between students and the government. These are awarded to students and are disbursed after an application process between the student and the government.We also receive an Iowa Tuition Grant from the State of Iowa which is awarded to individual students based on need.We also received vocational rehab grants and VA benefits which are awarded to specific students based on criteria from those organizations. X X X X X X X false IA DUCKPLUCKERS 29466 18670 10796 452 10650 500 683 769 GOLF TOURNAMENT 8025 5400 2625 3304 37491 24070 13421 452 10650 3804 683 769 16358 -2937 true 0 0 VOCATIONAL REHAB GRANTS FOR STATES 8 16605 CASH INSTITUTION SCHOLARSHIPS AND GRANTS 1201 12827166 CASH FEDERAL SEOG 961 512622 CASH ENGLISH LANGUAGE ACQUISITION 5 2500 CASH Grantmaker's Description of How Grants are Used THE UNIVERSITY HAS A FINANCIAL AID DEPARTMENT WHOSE STAFF IS TRAINED AND CONTINUOUSLY EDUCATED REGARDING FEDERAL FINANCIAL AID RULES AND REGULATIONS. THE STAFF OF THE UNIVERSITY DETERMINES THE FINANCIAL NEED OF THE STUDENT AND DETERMINES THE AMOUNT OF FINANCIAL ASSISTANCE THAT CAN BE AWARDED TO THE STUDENT BASED ON FEDERAL RULES AND REGULATIONS. THE FINANCIAL AID STAFF ALSO AWARDS GRANTS AND SCHOLARSHIPS BASED ON ENDOWED GIFTS THAT COMPLY WITH THE TERMS OF THE ENDOWED GIFTS. X true true X X X X false false false false false false false false false false JOHN OTTOSSON 143193 6286 11852 161331 ANN FIELDS 175544 7465 7462 190471 Sch J, Part I, Line 1a Part I, Line 1a: Relevant information in regards to selections on 1a. B IOWA HIGHER EDUCATION LOAN AUTHORITY 421235696 2009-10-02 1150000 CONSTRUCTION OF FACILITIES false false false A IOWA HIGHER EDUCATION LOAN AUTHORITY 421235696 462460TX4 2005-05-19 6535655 see part vi false false false B 15000 1163117 95555 20772 20002 1026788 2008 false false true true A 6567553 530484 19315 130391 388409 5498955 2006 true false true true B false false false false true A false false false false true B false true true false false false false true A false false true true false false false true B false A false Supplemental Information Part VI Schedule K, Part IV, Arbitrage, Line 2c:(a) Issuer Name: Iowa Higher Education Loan Authority DATE THE REBATE COMPUTATION WAS PERFORMED: 04/30/2010SCHEDULE K, PART I, LINE B, COLUMN (F):CONSTRUCT & IMPROVE FACILITY & REFUND PRIOR BONDS - 06/27/91, 07/17/96, 07/27/00SCHEDULE K, PART II, LINE 3:THE TOTAL PROCEEDS DO NOT AGREE TO THE ISSUE PRICE IN PART I, COLUMN (E) DUE TO INVESTMENT EARNINGS. JOE CROOKHAM OFFICER OPERATIN X 1000000 1000000 false true true 1000000 15370 NONCASH TUITION BENEFIT Mahaska Comm Group MCG See Part V 166790 Phone Internet Cable false Additional Information for:Schedule L, Part IV, Line (1), Column (b):MAHASKA COMMUNICATION GROUP (MCG) and Musco Sports Lighting, LLC are wholly owned subsidiaries of Musco Corporation. Joe CROOKHAM, BOARD OFFICER, and his immediate family are THE majority shareholders of Musco CorpORATION. Joe COOKHAM is also President and CEO of all three entities. X MISCELLANEOUS 81527 FAIR VALUE X ANNUITY 1 11554 FAIR VALUE X TRAVEL EXPENDITURES 1 8548 COST X equipment & van 1 274689 fair value false true false FORM 990, PART VI, SECTION B, LINE 16 THE ORGANIZATION CURRENTLY HAS AN AGREEMENT WITH A FOR-PROFIT ENTITY REGARDING THE RECRUITMENT AND MARKETING OF A COLLEGE FOR WORKING ADULTS PROGRAM. THE CONTRACT WITH THE FOR-PROFIT ENTITY IS REVIEWED ANNUALLY AND THE ARRANGEMENT IS MONITORED DAILY TO SAFEGUARD THE ORGANIZATIONS TAX-EXEMPT STATUS. Form 990, Part VI, Line 19 Form 990, Part VI, Line 19: Other Organization Documents Publicly Available Articles of incorporation and by-laws are available upon request to the business office of the organization. Form 990, Part VI, Line 15b Form 990, Part VI, Line 15b: Compensation Review and Approval Process for Officers and Key Employees THE ORGANIZATION USED COMPARABLE DATA TO DETERMINE THE AMOUNT FOR EXECUTIVE COMPENSATION FOR THE PRESIDENT AND OTHER OFFICERS AND TOP MANAGEMENT. Form 990, Part VI, Line 15a Form 990, Part VI, Line 15a: Compensation Review & Approval Process - CEO, Top Management THE ORGANIZATION USED COMPARABLE DATA TO DETERMINE THE AMOUNT FOR EXECUTIVE COMPENSATION FOR THE PRESIDENT AND OTHER OFFICERS AND TOP MANAGEMENT. Form 990, Part VI, Line 12c Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts Every board member, administrator, or person who has control over a budget, completes a conflict of interest form. They are reviewed by the Finance Committee of the Board of Directors. Form 990, Part VI, Line 11b Form 990, Part VI, Line 11b: Form 990 Review Process COPY OF FORM 990 WAS REVIEWED BY THE FINANCE COMMITTEE. Form 990, Part VI, Line 2 Form 990, Part VI, Line 2: Description of Business or Family Relationship of Officers, Directors, Et 2 CURRENT TRUSTEES ARE EMPLOYED BY THE SAME COMPANY. Form 990, Part III, Line 4d Form 990, Part III, Line 4d: Other Program Services Description OTHER PROGRAM SERVICES 4: COST OF SALES, SUPPORT AND MAINTENANCE OF CAMPUS BOOKSTORE FOR 2,026 STUDENTS, FACULTY AND STAFF. OTHER PROGRAM SERVICES 5: SCHOLARSHIP PROGRAMS FOR SCHOLARSHIPS AND GRANTS TO 1,201 STUDENTS. OTHER PROGRAM SERVICES 6: STUDENTS SERVICES, INCLUDING STUDENT DEVELOPMENT, ACADEMIC AND CAREER COUNCELING, INTERCOLLEGIATE ATHLETICS, FINANCIAL ASSISTANCE AND OTHER SERVICES, WAS PROVIDED TO 2,026 FULL AND PART TIME STUDENTS. BLANCHE JOHNSON TRUST 124 SOUTH FIRST STREET OSKALOOSA IA 52577 426613277 RENTAL REAL ESTATE IA 501C3 11D N/A false false false true false false false false false false false false false false false false false false false false BLANCHE JOHNSON TRUST c 187817 CASH