2013-10-30T07:50:35-05:00 2013-06-30 BKD LLP 200 E Main St Suite 700 Fort Wayne IN 46802 990 2012-07-01 350885591 INDIANA WESLEYAN UNIVERSITY % DR DUANE KILTY INDI 7656772947 4201 S WASHINGTON STREET Suite MARION IN 46953 DUANE KILTY 7656772947 2013-11-15 true Joyce A Dulworth 2604604000 2012 2016-03-07 17:11:31Z DR DUANE KILTY 4201 S WASHINGTON STREET MARION IN 46953 274534483 false X WWW.INDWES.EDU X 1920 IN INDIANA WESLEYAN UNIVERSITY IS A CHRIST-CENTERED ACADEMIC COMMUNITY COMMITTED TO CHANGING THE WORLD BY DEVELOPING STUDENTS IN CHARACTER, SCHOLARSHIP, AND LEADERSHIP. 29 25 5057 0 0 0 11123105 11014538 198694695 198931796 3765425 6457381 1823473 93879 215406698 216497594 24960175 27314963 0 0 92699745 91424183 0 0 1624514 85357436 85490927 203017356 204230073 12389342 12267521 422475725 437048714 62362192 58116884 360113533 378931830 INDIANA WESLEYAN UNIVERSITY'S PURPOSE IS TO SEARCH FOR TRUTH, BY STUDY IN LIBERAL ARTS AND IN PROFESSIONAL EDUCATION WITHIN THE FRAMEWORK OF CHRISTIAN FAITH AND PHILOSOPHY SO THAT THE PERSON IS DEVELOPED FOR SERVICE TO GOD AND MAN IN THE CHURCH AND IN SOCIETY. false false 178237831 27188321 198931796 INSTRUCTION: THIS PROGRAM ENCOMPASSES A WIDE RANGE OF INSTRUCTION IN LIBERAL ARTS CURRICULUM, AS WELL AS PROVIDING TEXTBOOK DISTRIBUTION AND RESIDENTIAL DINING SERVICES FOR STUDENTS. BOOKSTORE: THIS PROGRAM SERVICE PROVIDES TEXTBOOK DISTRIBUTION FOR STUDENTS. FOOD SERVICE: THIS PROGRAM SERVICE PROVIDES STUDENTS RESIDENTIAL DINING SERVICES. 178237831 true true false false false false false false true true true false false false true false false true true false false false false false false false false true true true true false false false false false false false false true true true false false false false true true true false false true 165 0 true 5057 true false false false false false false false false false X 29 25 true false false false false false false true true false false true true true true true true true true false IN X DR DUANE KILTY 7656772947 4201 S WASHINGTON STREET MARION IN 46953 ANTHES PAUL 1.0 X 0 0 0 BICKEL J DANIEL 1.0 X 0 0 0 BOYLE DAVID 1.0 X 0 0 0 BRAY JOHN 1.0 X 0 0 0 CADY DON 1.0 X 0 0 0 CARMICHAEL MICHAEL 1.0 X 0 0 0 CONRAD CHRISTOPHER 1.0 X 0 0 0 DENEFF STEVE 1.0 X 0 0 0 ECKART MARK 1.0 X 0 0 0 EMERY STEVEN 1.0 X 0 0 0 EVANS MALCOLM 1.0 X 0 0 0 GREEN BARBARA 1.0 X 0 0 0 HALL NORRIS 1.0 X 0 0 0 HINES BARRY 1.0 X HOLLENBECK KAREN 1.0 X 0 0 0 HOOVER EDWIN 1.0 X 0 0 0 MEEKS MARK 1.0 X 0 0 0 MYERS KEVIN 1.0 X 0 0 0 OTT DONALD 1.0 X 0 0 0 OTT GARY 1.0 X 0 0 0 QUINN PAULA 1.0 X 0 0 0 RAY PETRA 1.0 X 0 0 0 SCHMIDT THOMAS 1.0 X 0 0 0 SHEPHERD CARL 1.0 X 0 0 0 SLOAN DALE 1.0 X 0 0 0 SMITH EVRETT 1.0 X 0 0 0 STOREY JOHN 1.0 X 0 0 0 WILLIS ARON 1.0 X 0 0 0 FREEMEAN JEFF 1.0 X 0 0 0 SMITH HENRY 40.0 X 235050 0 91204 KILTY DUANE 40.0 X 138191 0 25969 WRIGHT DAVID 40.0 X 134160 0 25790 NEWMAN J KEITH 39.0 1.0 X 135174 0 27574 AITCHISON BRIDGET 40.0 X 127878 0 57736 TONAGEL GREG 40.0 X 124548 0 22034 JOHNSON RB 40.0 X 118326 0 22990 1013327 0 273297 12 false true false INSTITUTE FOR PROFESSIONAL DEVELOPM 4025 S RIVERPOINT PARKWAY 6TH FLOO PHOENIX AZ 85040 MARKETING/ACCOUNTING 19129200 PASKILL STAPLETON AND LORD ONE ROBERTS AVENUE GLENSIDE PA 19038 MARKETING 5490002 PIONEER COLLEGE CATERERS 303 GLENROSE AVENUE NASHVILLE TN 37210 FOOD SERVICE 4721766 WEIGAND CONSTRUCTION 7808 HONEYWELL DRIVE FORT WAYNE IN 46825 CONSTRUCTION 20842405 PLATTFORM ADVERTISING 3425 MOMENTUM PL CHICAGO IL 60689 ADVERTISING 665000 23 2708659 1424122 6881757 1793622 11014538 TUITION AND FEES 900099 165571322 165571322 BOOKSTORE 451211 12583746 12583746 FOOD SERVICE 721310 8735378 8735378 RESIDENCE HALLS 721310 9152592 9152592 CONFERENCES 900099 2276869 2276869 611889 611889 198931796 4690885 4690885 0 0 900780 806901 93879 0 93879 93879 58996484 57229988 1766496 1766496 1766496 0 0 0 0 216497594 198931796 6551260 126642 126642 27188321 27188321 0 0 1145308 962059 171796 11453 0 66832869 56139610 10024930 668329 4415525 3709041 662329 44155 14458274 12144950 2168741 144583 4572207 3840654 685831 45722 0 318918 267891 47838 3189 3135507 2633826 470326 31355 0 0 0 17721706 14886233 2658256 177217 9570202 8038970 1435530 95702 7063415 5933269 1059512 70634 3357349 2820173 503602 33574 0 5182948 4353677 777442 51829 1784126 1498666 267619 17841 0 494026 414982 74104 4940 124566 104635 18685 1246 0 11176046 9387879 1676407 111760 833715 700321 125057 8337 BOOKSTORE 10437140 10437140 FOOD SERVICE 4026441 4026441 PROFESSIONAL DEVELOPMENT 1541117 1294538 231168 15411 OTHER 8723705 7327913 1308555 87237 204230073 178237831 24367728 1624514 23924 26916 27378713 19223631 1441951 1844236 11696145 8986860 0 0 0 0 12007385 11704423 2268298 1680644 3134131 2076088 382567351 111608743 259288550 270958608 99972910 114826168 0 0 0 0 0 0 5263718 5721140 422475725 437048714 27489831 29538147 0 0 9586063 3511096 15000000 15000000 863976 885210 0 0 0 0 0 0 9422322 9182431 62362192 58116884 X 302206573 309498194 46520832 25048952 11386128 44384684 360113533 378931830 422475725 437048714 X 12267521 6428096 122680 X false true X true true true X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false true 82256405 16266288 11232368 2439070 107315991 80370755 7068750 -2189531 2993569 82256405 55922001 13313576 13219374 2084206 80370745 44789457 4565677 4899897 1333020 52922011 51057519 2738870 -7486636 1520296 44789457 0.43400 0.41400 0.15200 false false 0 23131815 23131815 0 266308081 66926420 199381661 0 0 44810705 31167712 13642993 0 48316751 13514612 34802139 270958608 0 REFUNDABLE DEPOSITS & SECURITY 1301926 ACCUMULATED POSTRETIREMENT BEN 1544581 ANNUITY PAYMENT LIABILITY 2186204 FEDERAL ADVANCE FOR STUDENT LO 3918571 REFUNDABLE ENTRANCE FEES 231149 9182431 196779217 6428096 806901 7234997 189544220 -234947 27188321 26953374 216497594 178083600 806901 806901 177276699 -234947 27188321 26953374 204230073 SCHEDULE D PART V QUESTION 4 ENDOWMENT FUNDS THE UNIVERSITY'S ENDOWMENT CONSISTS OF APPROXIMATELY 200 INDIVIDUAL FUNDS ESTABLISHED FOR A VARIETY OF PURPOSES. 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 ACCOUNTING PRINCIPLES GENERALLY ACCEPTED 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 RECONCILIATION PART XI & PART XII, LINE 2D RENTAL EXPENSE RECLASS : $806,901 PART XI & PART XII, LINE 4B SCHOLARSHIPS: $27,188,321 ASC 740 FOOTNOTE MANAGEMENT HAS EVALUATED THEIR INCOME TAX POSITIONS UNDER THE GUIDANCE INCLUDED IN ASC 740. BASED ON THEIR REVIEW, MANAGEMENT HAS NOT IDENTIFIED ANY MATERIAL UNCERTAIN TAX POSITIONS TO BE RECORDED OR DISCLOSED IN THE FINANCIAL STATEMENTS. true true true true true true true false false false false false false false false true false true SCHEDULE E QUESTION 3 A NONDISCRIMINATORY POLICY NOTED IN TRUSTEE BYLAWS, IN BOARD APPROVED RESOLUTION AND IN LITERATURE RELATING TO ALL PROGRAMS. QUESTION 6A INDIANA WESLEYAN UNIVERSITY PARTICIPATES IN STUDENT AID PROGRAMS PROVIDED BY THE FEDERAL GOVERNMENT. true BOYS AND GIRLS CLUB OF GRANT COUNTY 2020 S CLARK ST MARION IN 46952 351065247 501(C)(3) 12000 OPERATING SUPPORT FAMILY SERVICE SOCIETY 101 South Washington St Ste 200 MARION IN 46953 350868083 501(C)(3) 25635 OPERATING SUPPORT GRACE HOUSE FOR RECOVERY PO BOX 284 MARION IN 46592 352157300 501(C)(3) 12000 OPERATING SUPPORT UNITED WAY OF GRANT COUNTY PO BOX 61 MARION IN 46592 350995975 501(C)(3) 22007 OPERATING SUPPORT SOUTHERN WESLEYAN UNIVERSITY PO BOX 1020 CENTRAL SC 29630 570324936 501(C)(3) 25000 OPERATING SUPPORT MARION PHILHARMONIC 215 S ADAMS ST PO BOX 272 MARION IN 46952 237126357 501(C)(3) 20000 OPERATING SUPPORT MARION COMMUNITY SCHOOL OF THE ARTS 305 S ADAMS ST MARION IN 46952 351956785 PBLC SCHL CORP. 10000 OPERATING SUPPORT 7 SCHOLARSHIPS 2770 27188321 PART I LINE 2 Any scholarships/grants to students are determined by the financial aid office in which each student file is reviewed in accordance with designated eligibility requirements of the scholarships or grants. SCHOLARSHIPS AND GRANTS ARE THEN MONITORED BY DISBURSING FUNDS FROM THE FINANCIAL AID OFFICE TO THE STUDENT ACCOUNT OFFICE. X X true true X X X X false false false false false false false false false SMITH HENRY 227277 0 0 0 7773 0 23325 0 67879 0 326254 0 0 0 WRIGHT DAVID 132826 0 0 0 1334 0 15409 0 10381 0 159950 0 0 0 KILTY DUANE 134711 0 0 0 3480 0 13889 0 12080 0 164160 0 0 0 NEWMAN J KEITH 131920 0 0 0 3254 0 14624 0 12950 0 162748 0 0 0 AITCHISON BRIDGET 126353 0 0 0 1525 0 9315 0 48421 0 185614 0 0 0 PART I QUESTION 1A THE PRESIDENT HAS COUNTRY CLUB DUES PAID BY THE UNIVERSITY FOR BUSINESS ENTERTAINMENT PURPOSES. THE DUES ARE TAXABLE FOR PERSONAL USE. HOUSING FOR THE PRESIDENT IS PROVIDED BY THE UNIVERSITY AND REQUIRED BY CONTRACT. THE RESIDENCE IS CONTIGUOUS TO THE CAMPUS, THE PRESIDENT IS REQUIRED TO LIVE THERE AND IS REQUIRED TO CONDUCT UNIVERSITY RELATED BUSINESS PER HIS CONTRACT. A CITY OF MARION INDIANA SERIES 2006 356001102 569564BX4 2006-02-09 40000000 CONSTRUCTION false false false A 25000000 15000000 39816880 15000000 0 0 160120 23000 0 39816880 0 0 2007 false false true true A false false false false 0 false false false false A false false false false true false 0 false 0 false false A true PART IV LINE 2 THE FILING OF FORM 8038-T SHOULD BE HANDLED BY THE CITY OF MARION, WHO IS THE ISSUER OF THE BOND. PAUL ANTHES TRUSTEE 93255532 INVESTMENTS false GARY OTT TRUSTEE 2055572 LEASE false STEVE EVANS MALCOLM EVANS' SON 46004 COMPENSATED BY ORGANIZATION false JERRY SHEPHERD CARL SHEPHERDS' BROTHER 92224 COMPENSATED BY ORGANIZATION false PART IV Paul Anthes serves as President of Financial Advisory Corporation (FAC) and serves as Secretary of Board of Trustees at IWU. FAC provides investment advisory services for University endowment funds. FAC does not serve as custodian or manager of invested funds and only provides advisory services which custodian(s) and/or fund manager(s) use. The University receives monthly investment statements directly from the custodian of the funds independent of FAC. Additionally, the University has adopted an investment management policy and regularly reviews investment performance and asset allocation within the parameters of this policy. Finally, as an additional measure of independence, FAC receives a set fee for their services and not a percentage of the earnings on the invested funds. Mr. Anthes does not serve on the investment committee of the board. Gary Ott is the President of Tender Love and Care Management, which manages the Wesleyan Retirement Center. The chairperson and the treasurer of the Wesleyan Retirement Center are both IWU employees. In addition, IWU Controller's Office reviews financial statements annually. X 2 32600 FMV X 7 513508 FMV X 1 204899 FMV X 2 1042616 FMV 1 false true false PART VI SECTION A LINE 1B IWU HAS SOME INVESTMENTS WITH PAUL ANTHES. G. MALCOLM EVANS HAS A SON THAT IS COMPENSATED BY IWU. MR. CARL SHEPHERD HAS A BROTHER THAT IS COMPENSATED BY IWU. MR. GARY OTT IS THE PRESIDENT OF TENDER LOVE AND CARE MANAGEMENT WHICH MANAGES WESLEYAN RETIREMENT CENTER, A RELATED ENTITY. LINE 2 ED HOOVER AND DAN BICKEL HAVE A FAMILY RELATIONSHIP. PART VI, SECTION B LINE 11B THE 99O IS PRESENTED TO THE AUDIT COMMITTEE OF THE BOARD OF TRUSTEES FOR REVIEW AND APPROVAL. THE ENTIRE BOARD RECEIVES A COPY OF THE RETURN EXCLUDING THE 990-T BEFORE FILING. THE FORM 990 IS ALSO REVIEWED BY AN INDEPENDENT CPA FIRM. PART VI, SECTION B LINE 12C INDIANA WESLEYAN'S CONFLICT OF INTEREST POLICY IS SIGNED ANNUALLY BY OFFICERS, TRUSTEES AND KEY EMPLOYEES. THE AUDIT COMMITTEE OF THE BOARD OF TRUSTEES ANNUALLY REVIEWS THE POLICY. THE COMPLETED QUESTIONNAIRES ARE REVIEWED BY THE BOARD OF TRUSTEES CHAIRPERSON AND THE PRESIDENT. PART VI, SECTION B LINE 15A & 15B THE COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES ANNUALLY REVIEWS AND SETS THE PRESIDENT'S SALARY BASED ON AN EXTERNAL BENCHMARK WHICH IS THE 75TH PERCENTILE OF PRESIDENTS OF SCHOOLS IN THE COUNCIL OF CHRISTIAN COLLEGES AND UNIVERSITIES. IN TURN, KEY EMPLOYEES ARE BENCHMARKED BY THE 75TH PERCENTILE FOR THEIR DISCIPLINE. ALL OTHER COMPENSATION IS REVIEWED AND APPROVED BY EXECUTIVE EMPLOYEES. PART VI, SECTION C LINE 19 COPIES OF DOCUMENTS AND POLICIES CAN BE OBTAINED BY CONTACTING THE OFFICE OF THE VICE PRESIDENT FOR BUSINESS AFFAIRS. RECONCILIATION OF NET ASSETS PART XI LINE 9 BALANCE SHEET RECLASS 121,252 VOLUNTARY SEPARATION PROGRAM (566,407) CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS 131,653 CHANGE IN BENEFICIAL INTEREST IN TRUSTS 436,182 TOTAL: $122,680 WESLEYAN RETIREMENT CENTER 4201 S WASHINGTON STREET MARION IN 46953 351449080 ELDER CARE IN 501(C)(3) 1 IWU true WESLEYAN CHURCH CORPORATION PO BOX 50434 INDIANAPOLIS IN 46250 351148762 RELIGIOUS ORG IN 501(C)(3) 1 NA false CRT (4) CHAR REMNDR T IN NA TRUST false false true false false false false false false false false false false false false false false false WESLEYAN RETIREMENT CENTER C 1535822 FMV