2013-05-07T14:00:17-05:00 2012-06-30 CROWE HORWATH LLP 70 West Madison Street Suite 700 Chicago IL 606024903 990 2011-07-01 350869045 DEPAUW UNIVERSITY DEPA 7656584800 PO BOX 37 GREENCASTLE IN 46135 BRADLEY A KELSHEIMER 2013-05-07 false Nicole Bencik P00756195 3128997000 2011 2016-03-07 17:11:31Z BRIAN W CASEY PRESIDENT 313 S LOCUST STREET PO BOX 37 GREENCASTLE IN 46135 227785079 false X WWW.DEPAUW.EDU X 1837 IN DEPAUW UNIVERSITY IS A NATIONALLY-RECOGNIZED, LEADING LIBERAL ARTS COLLEGE DEDICATED TO EDUCATING 2,300 STUDENTS FROM ACROSS THE COUNTRY & AROUND THE GLOBE. FOR MORE THAN 175 YEARS, DEPAUW HAS CREATED AN ATMOSPHERE OF INTELLECTUAL CHALLENGE & SOCIAL ENGAGEMENT THAT PREPARES STUDENTS FOR LIFELONG SUCCESS. 38 37 2170 146 4342498 0 19268473 29925505 94012105 97233715 28161832 21379574 5598302 6305859 147040712 154844653 45462302 48728401 0 0 51206192 51763968 0 17192 4418768 47887837 48545741 144556331 149055302 2484381 5789351 777482718 766524784 181686224 194215245 595796494 572309539 X DEPAUW UNIVERSITY, A RESIDENTIAL LIBERAL ARTS COLLEGE WITH A SCHOOL OF MUSIC, COMBINES A CHALLENGING ACADEMIC EXPERIENCE, WITH A VIBRANT CAMPUS CULTURE KNOWN FOR DEVELOPING AND PREPARING ITS GRADUATES FOR A LIFETIME OF LEADERSHIP AND SUCCESS. false false 132292737 48728401 97233715 DEPAUW UNIVERSITY IS A RESIDENTIAL LIBERAL ARTS COLLEGE WITH A SCHOOL OF MUSIC WHICH SERVES APPROXIMATELY 2,300 STUDENTS. DEPAUW PROVIDES A SET OF EXCEPTIONAL COLLEGE EXPERIENCES MARKED BY INTELLECTUAL RIGOR AND SHAPED BY A DYNAMIC FACULTY. THESE EXPERIENCES ARE FURTHER ENHANCED BY AN ENGAGING RESIDENTIAL CAMPUS COMMUNITY AND A BREADTH AND DEPTH OF PERSPECTIVES INSIDE AND OUTSIDE OF THE CLASSROOM. FOR NEARLY 175 YEARS, A DEPAUW EDUCATION HAS PROVIDED STUDENTS WITH A SOLID FOUNDATION FOR A LIFETIME OF LIVING, LEARNING AND ACHIEVING UNCOMMON SUCCESS IN A WIDE VARIETY OF FIELDS AROUND THE NATION AND THE WORLD. DEPAUW STUDENTS ARE UNCOMMONLY ENGAGED IN THEIR EDUCATION, AND DEPAUW IS ONE OF THOSE RARE PLACES THAT ATTRACTS AND TRAINS STUDENTS WHO HAVE MULTIPLE TALENTS. THE CLASSIC DEPAUW STUDENT IS NOT JUST AN EXEMPLARY SCHOLAR, BUT ALSO A TEAM CAPTAIN, THE STUDENT BODY PRESIDENT, AND A COMMUNITY SERVICE LEADER. (CONTINUED IN SCHEDULE O) 132292737 true true false false false false true false true true true false false true true true false true false true false true true false false false true true true true false false false false false false true false true false true true false false false true true false false false true 3498 0 true 2170 true true true false false false false false false false false false X 38 37 true false false false false false false true true false false false true true true true true true true false CA IN NH NJ OR X X BRAD KELSHEIMER 7656584161 313 S LOCUST STREET GREENCASTLE IN 46135 SARAH R WALLACE 1.00 X X 0 0 0 ADAM M GILBERT 1.00 X 0 0 0 BAYARD H WALTERS 1.00 X 0 0 0 BISHOP MICHAEL J COYNER 1.00 X 0 0 0 BLAIR A RIETH JR 1.00 X 0 0 0 CORINNE GIESEKE WOOD 1.00 X 0 0 0 DARLENE M RYAN 1.00 X 0 0 0 DAVID R DIETZ 1.00 X 0 0 0 DOUGLAS I SMITH 1.00 X 0 0 0 ERIK G NELSON 1.00 X 0 0 0 G RICHARD LOCKE III MD 1.00 X 0 0 0 JAMES G STEWART 1.00 X 0 0 0 JAMES R GATES 1.00 X 0 0 0 JANE L EMISON 1.00 X 0 0 0 JANET L JOHNS 1.00 X 0 0 0 JEFFREY A COZAD 1.00 X 0 0 0 KATHY P VRABECK 1.00 X 0 0 0 KENNETH W COQUILLETTE 1.00 X 0 0 0 KYLE E LANHAM 1.00 X 0 0 0 LEE E TENZER 1.00 X 0 0 0 LISA HENDERSON BENNETT 1.00 X 0 0 0 M SCOTT WELCH 1.00 X 0 0 0 MARCUS R VEATCH 1.00 X 0 0 0 MARLETTA DARNALL 1.00 X 0 0 0 MARSHALL W REAVIS IV 1.00 X 0 0 0 MARVIN E FLEWELLEN 1.00 X 0 0 0 MATTHEW R JENNINGS 1.00 X 0 0 0 MATTHEW S DARNALL 1.00 X 0 0 0 MAX W HITTLE JR 1.00 X 0 0 0 MYRTA PULLIAM 1.00 X 0 0 0 NEWTON F CRENSHAW 1.00 X 0 0 0 R DAVID HOOVER 1.00 X 0 0 0 R LEE WILSON 1.00 X 0 0 0 RICHARD S NEVILLE 1.00 X 0 0 0 ROBERT F WELLS 1.00 X 0 0 0 SALLY G COWAL 1.00 X 0 0 0 STEVEN L TRULASKE 1.00 X 0 0 0 THOMAS W BOSWELL 1.00 X 0 0 0 BRADLEY A KELSHEIMER 40.00 X 236735 0 17880 BRIAN W CASEY 40.00 X 416317 0 125607 CHRISTOPHER J WELLS 40.00 X 160683 0 34017 CYNTHIA A BABINGTON 40.00 X 146402 0 61535 DANIEL L MEYER 40.00 X 183102 0 58235 DAVID T HARVEY 40.00 X 137977 0 21769 MARCIA S LATTA 40.00 X 201680 0 8080 MICHAEL MAINE 1.00 X 0 0 0 CAROL L SMITH 40.00 X 141280 0 25519 HUMBERTO BARRETO 40.00 X 122307 0 67512 MARY P DIXON 40.00 X 125482 0 49354 PAMELA J COBURN 20.00 X 170503 0 1080 ROBERT M STEELE 40.00 X 169662 0 41362 2212130 0 511949 29 false true false SODEXO INC AND AFFILIATES 9801 WASHINGTON BOULEVARD GAITHERSBURG MD 20878 FOOD SERVICE 4682848 SHIEL SEXTON COMPANY INC 902 NORTH CAPITOL AVE INDIANAPOLIS IN 46204 GENERAL CONTRACTING 964133 GH PARTNERS LLC DBA DORA HOTEL COMPANY 10734 SKY PRAIRIE STREET FISHERS IN 46037 INN MANAGEMENT 681746 SEMINARS INTERNATIONAL INC 33 WEST MONROE STREET CHICAGO IL 60603 STUDENT TRAVEL 496700 NEUSTADT CREATIVE MARKETING 100 E PENNSYLVANIA AVENUE TOWSON MD 21286 WEB DEVELOPMENT 484111 32 761379 29164126 1581979 29925505 TUITION AND FEES 611710 84333402 84333402 AUXILIARY SERVICES 611710 12900313 12900313 0 0 0 0 97233715 8312612 2232021 6080591 0 0 0 0 0 86007388 72940426 13066962 0 13066962 13066962 0 0 0 CONFERENCES & CATERING 722320 297356 297356 INN AT DEPAUW 721110 1795965 1795965 OTHER INCOME 611710 4195382 4195382 17156 0 17156 0 6305859 154844653 97233715 4342498 23342935 2007312 2007312 46387315 46387315 333774 333774 0 1660991 337717 1108969 214305 12516 12516 37481754 32349779 2929682 2202293 3776940 3279210 261051 236679 5980041 4867768 764296 347977 2851726 2411123 267788 172815 0 214403 214403 204880 204880 0 17192 17192 2580028 2580028 6276266 5578991 581468 115807 365824 267615 98209 1372868 1021078 280202 71588 1146425 658129 488296 0 6920212 6218489 595871 105852 2130373 1775950 145616 208807 0 0 5564159 5246235 274057 43867 0 8074918 7626901 389885 58132 548289 535476 11106 1707 PROGRAMS AND ACTIVITIES 8096497 8002703 74842 18952 MEMBERSHIPS 850023 698191 148781 3051 PRINTING AND PUBLICATIONS 730077 468005 115862 146210 POSTAGE AND SHIPPING 321488 191115 21723 108650 3149011 2017345 786782 344884 149055302 132292737 12343797 4418768 0 126511 62066 14738982 19918790 10109194 14885210 1730721 977872 1619753 1306220 247730 252735 1971540 1895196 348485195 140670961 211324912 207814234 251873533 238774763 244025273 268312270 6363317 6193210 33351252 6132218 777482718 766524784 8051830 7871953 133017878 119410000 40616516 66933292 181686224 194215245 X 254090337 225765573 73313826 77564741 268392331 268979225 595796494 572309539 777482718 766524784 X 5789351 -29276306 X false true true X true true X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 24000 3160141 X X X X false 500923763 7262743 3842377 17113054 9286179 2580028 483049622 435056793 6593597 87755853 16306816 9530787 2644877 500923763 425363509 3476417 34666064 17156545 9636949 1655703 435056793 544533845 2712170 -94499458 15905414 8936962 2540672 425363509 0.40397 0.53851 0.05752 true false 589914 10038948 10628862 271584275 94940423 176643852 0 38068372 34610400 3457972 28203686 11120138 17083548 207814234 0 0 ALTERNATIVE INVESTMENTS 239732381 F BENEFICIAL INTEREST IN LEAD AND REMAINDER TRUSTS 18644632 F BENEFICIAL INTEREST IN PERPETUAL TRUSTS 9935257 F 268312270 0 ADVANCES FROM GRANTS HELD FOR OTHERS 168240 ANNUITY AND TRUST LIABILITY 12815074 ADVANCES FROM FEDERAL GOVERNMENT FOR STUDENT LOANS 3670970 ACCUMULATED POSTRETIREMENT BENEFIT OBLIGATION 25391433 FAIR VALUE OF INTEREST RATE SWAP 23463836 INTEREST PAYABLE 1423739 66933292 Collections of art - description of collections Schedule D, Part III, Line 4 THE UNIVERSITY'S COLLECTIONS INCLUDE WORKS OF ART USED FOR INSTRUCTION, SCHOLARLY RESEARCH, AND PUBLIC EXHIBITION. Intended uses of endowment funds Schedule D, Part V, Line 4 THE UNIVERSITY'S ENDOWMENT CONSISTS OF APPROXIMATELY 1,100 INDIVIDUAL FUNDS ESTABLISHED FOR A VARIETY OF PURPOSES. THE INTENDED USE OF THESE ENDOWMENT FUNDS IS TO PROVIDE CONTINUED FUNDING TO SUPPORT THE UNIVERSITY'S MISSION AND TAX-EXEMPT PURPOSE. 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. THE UNIVERSITY'S GOVERNING BODY HAS INTERPRETED THE STATE OF INDIANA PRUDENT MANAGEMENT OF INSTITUTIONAL FUNDS ACT (SPMIFA) AS REQUIRING PRESERVATION OF THE FAIR VALUE OF THE ORIGINAL GIFT AS OF THE GIFT DATE OF THE DONOR-RESTRICTED ENDOWMENT FUNDS ABSENT EXPLICIT DONOR STIPULATIONS TO THE CONTRARY. AS A RESULT OF THIS INTERPRETATION, THE UNIVERSITY CLASSIFIES A PERMANENTLY RESTRICTED NET ASSETS (A) THE ORIGINAL VALUE OF GIFTS DONATED TO THE PERMANENT ENDOWMENT, (B) THE ORIGINAL VALUE OF SUBSEQUENT GIFTS TO THE PERMANENT ENDOWMENT AND (C) ACCUMULATIONS TO THE PERMANENT ENDOWMENT MADE IN ACCORDANCE WITH THE DIRECTION OF THE APPLICABLE DONOR GIFT INSTRUMENT AT THE TIME THE ACCUMULATION IS ADDED TO THE FUND. THEIR REMAINING PORTION OF DONOR-RESTRICTED ENDOWMENT FUNDS IS CLASSIFIED AS TEMPORARILY RESTRICTED NET ASSETS UNTIL THOSE AMOUNTS ARE APPROPRIATED FOR EXPENDITURE BY THE UNIVERSITY IN A MANNER CONSISTENT WITH THE STANDARD OF PRUDENCE PRESCRIBED BY SPMIFA. IN ACCORDANCE WITH SPMIFA, THE UNIVERSITY CONSIDERS THE FOLLOWING FACTORS IN MAKING A DETERMINATION TO APPROPRIATE OR ACCUMULATE DONOR-RESTRICTED ENDOWMENT FUNDS: 1. DURATION AND PRESERVATION OF THE FUND 2. PURPOSES OF THE UNIVERSITY AND THE FUND 3. GENERAL ECONOMIC CONDITIONS 4. POSSIBLE EFFECT OF INFLATION AND DEFLATION 5. EXPECTED TOTAL RETURN FROM INVESTMENT INCOME AND APPRECIATION OR DEPRECIATION OF INVESTMENTS 6. OTHER RESOURCES OF THE UNIVERSITY 7. INVESTMENT POLICIES OF THE UNIVERSITY FIN 48 (ASC 740) footnote Schedule D, Part X, Line 2 THE UNIVERSITY IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND A SIMILAR PROVISION OF STATE LAW. HOWEVER, THE UNIVERSITY IS SUBJECT TO FEDERAL INCOME TAX ON ANY UNRELATED BUSINESS TAXABLE INCOME. THE UNIVERSITY HAS ADOPTED GUIDANCE WITH RESPECT TO ACCOUNTING FOR UNCERTAINTIES IN INCOME TAXES. A TAX POSITION IS RECOGNIZED AS A BENEFIT ONLY IF IT IS "MORE LIKELY THAN NOT" THAT THE TAX POSITION WOULD BE SUSTAINED IN A TAX EXAMINATION, WITH A TAX EXAMINATION BEING PRESUMED TO OCCUR. THE AMOUNT RECOGNIZED IS THE LARGEST AMOUNT OF TAX BENEFIT THAT IS GREATER THAN 50% LIKELY OF BEING REALIZED ON EXAMINATION. FOR TAX POSITIONS NOT MEETING THE "MORE LIKELY THAN NOT" TEST, NO TAX BENEFIT WILL BE RECORDED. THE UNIVERSITY IS NO LONGER SUBJECT TO EXAMINATION BY TAXING AUTHORITIES FOR YEARS BEFORE 2009. THE UNIVERSITY DOES NOT EXPECT THE TOTAL AMOUNT OF UNRECORDED TAX BENEFITS TO SIGNIFICANTLY CHANGE IN THE NEXT 12 MONTHS. THE UNIVERSITY RECOGNIZES INTEREST AND/OR PENALTIES RELATED TO INCOME TAX MATTERS IN INCOME TAX EXPENSE. THE UNIVERSITY DID NOT HAVE ANY AMOUNTS ACCRUED FOR INTEREST AND PENALTIES AT JUNE 30, 2012 AND 2011. AT JUNE 30, 2012 AND JUNE 30, 2011, THE UNIVERSITY HAS NOT RECORDED ANY EXPECTED TAX BENEFITS. true true true true true true true false false false false false false false false true false true Financial aid or assistance from a governmental agency Schedule E, Line 6a THE UNIVERSITY OFFERS FINANCIAL ASSISTANCE IN THE FORM OF FEDERAL AND STATE ASSISTANCE, SCHOLARSHIPS, GRANTS AND LOANS TO STUDENTS BASED UPON ACADEMIC EXCELLENCE OR FINANCIAL NEED. true EUROPE (INCLUDING ICELAND AND GREENLAND) 0 0 PROGRAM SERVICES EDUCATION/STUDY ABROAD PROGRAMS 493354 EAST ASIA AND THE PACIFIC 0 0 PROGRAM SERVICES EDUCATION/STUDY ABROAD PROGRAMS 21604 CENTRAL AMERICA AND THE CARIBBEAN 0 0 PROGRAM SERVICES EDUCATION/STUDY ABROAD PROGRAMS 35559 SUB SAHARAN AFRICA 0 0 PROGRAM SERVICES EDUCATION/STUDY ABROAD PROGRAMS 30000 CENTRAL AMERICA AND THE CARIBBEAN INVESTMENTS 76148580 0 0 76729097 STUDENT FINANCIAL SUPPORT CENTRAL AMERICA AND THE CARIBBEAN 7 8074 CREDIT STUDENT ACCOUNT 0 FMV STUDENT FINANCIAL SUPPORT EAST ASIA AND THE PACIFIC 36 46569 CHECK, CREDIT STUDENT ACCOUNT 0 FMV STUDENT FINANCIAL SUPPORT EUROPE (INCLUDING ICELAND AND GREENLAND) 137 181890 CHECK, CREDIT STUDENT ACCOUNT 0 FMV STUDENT FINANCIAL SUPPORT MIDDLE EAST AND NORTH AFRICA 10 14954 CHECK, CREDIT STUDENT ACCOUNT 0 FMV STUDENT FINANCIAL SUPPORT NORTH AMERICA (CANADA & MEXICO ONLY) 14 15295 CREDIT STUDENT ACCOUNT 0 FMV STUDENT FINANCIAL SUPPORT RUSSIA AND THE NEWLY INDEPENDENT STATES 1 1520 CREDIT STUDENT ACCOUNT 0 FMV STUDENT FINANCIAL SUPPORT SOUTH AMERICA 19 23361 CREDIT STUDENT ACCOUNT 0 FMV STUDENT FINANCIAL SUPPORT SOUTH ASIA 3 3140 CREDIT STUDENT ACCOUNT 0 FMV STUDENT FINANCIAL SUPPORT SUB SAHARAN AFRICA 29 38971 CHECK, CREDIT STUDENT ACCOUNT 0 FMV true false true true true true Procedures for monitoring use of grant funds Schedule F, Part I, Line 2 THE UNIVERSITY PROVIDES FINANCIAL SUPPORT TO STUDENTS BASED ON NEED AND MERIT. THE FUNDS ARE CREDITED DIRECTLY TO THE STUDENT'S ACCOUNT. RECORDS ARE MAINTAINED IN ACCORDANCE WITH UNIVERSITY RETENTION AND DESTRUCTION POLICY. THE UNIVERSITY'S FINANCIAL AID DEPARTMENT ADHERES STRICTLY TO ALL FEDERAL AND STATE REGULATIONS AND IS SUBJECT TO THE COMPLIANCE AND INTERNAL CONTROLS OF OMB-A133 (IN WHICH THEY FOLLOW ALL APPLICABLE GUIDELINES). Method used to account for expenditures on organization's financial statements Schedule F, Part I, Line 3 EUROPE (INCLUDING ICELAND AND GREENLAND): ACCRUAL EAST ASIA AND THE PACIFIC: ACCRUAL CENTRAL AMERICA AND THE CARIBBEAN: ACCRUAL SUB SAHARAN AFRICA: ACCRUAL CENTRAL AMERICA AND THE CARIBBEAN: ACCRUAL Method used to account for grants on organization's financial statements Schedule F, Part III CENTRAL AMERICA AND THE CARIBBEAN: ACCRUAL EAST ASIA AND THE PACIFIC: ACCRUAL EUROPE (INCLUDING ICELAND AND GREENLAND): ACCRUAL MIDDLE EAST AND NORTH AFRICA: ACCRUAL NORTH AMERICA (CANADA & MEXICO ONLY): ACCRUAL RUSSIA AND THE NEWLY INDEPENDENT STATES: ACCRUAL SOUTH AMERICA: ACCRUAL SOUTH ASIA: ACCRUAL SUB SAHARAN AFRICA: ACCRUAL X X X X X X X true RUFFALOCODY LLC PO BOX 3018 CEDAR RAPIDS IA 524063018 ANNUAL FUND SUPPORT false 8899 17192 -8293 8899 17192 -8293 AK AR CA CT FL GA ID IN IA MD MN MS MO MT NV NH NJ NM NY NC ND OK OR TN TX WA WV WI PROFESSIONAL FUNDRAISING FEES SCHEDULE G, PART I, LINE 2B AMOUNT PAID TO RUFFALOCODY, LLC INCLUDES START-UP COSTS FOR ONGOING SUPPORT SERVICES. true CITY OF GREENCASTLE CITY HALL - 1 N LOCUST ST PO BOX 607 GREENCASTLE IN 46135 356001046 GOV'T ENTITY 2007312 0 N/A N/A SEE PART IV 1 0 SCHOLARSHIPS AND FINANCIAL AID 2265 46387315 0 N/A N/A Procedures for monitoring use of grant funds Schedule I, Part I, Line 2 THE UNIVERSITY PROVIDES SCHOLARSHIPS AND FINANCIAL AID TO STUDENTS BASED ON NEED AND MERIT. THE FUNDS ARE CREDITED DIRECTLY TO THE STUDENT'S ACCOUNT. RECORDS ARE MAINTAINED IN ACCORDANCE WITH UNIVERSITY RETENTION AND DESTRUCTION POLICY. THE UNIVERSITY'S FINANCIAL AID DEPARTMENT ADHERES STRICTLY TO ALL FEDERAL AND STATE REGULATIONS AND IS SUBJECT TO THE COMPLIANCE AND INTERNAL CONTROLS OF OMB-A133 (IN WHICH THEY FOLLOW ALL APPLICABLE GUIDELINES). IN ADDITION, DURING THE YEAR ENDED JUNE 30, 2012, THE UNIVERSITY CONTRIBUTED $2,007,312 TO THE CITY OF GREENCASTLE IN SUPPORT OF THE CITY'S PARTICIPATION IN THE STATE OF INDIANA'S STELLAR COMMUNITIES PILOT PROGRAM. UNDER THE PROGRAM, THE CITY WAS AWARDED UP TO $19 MILLION IN GRANT FUNDING TO RENOVATE PROPERTIES AND STREETSCAPES ON AND AROUND THE CITY'S COURTHOUSE SQUARE, INCLUDING THE CONNECTOR STREETS BETWEEN THE UNIVERSITY AND THE SQUARE. THE GRANT ALSO PROVIDED FUNDING FOR IMPROVEMENTS TO THE MAIN ENTRANCE TO THE UNIVERSITY'S CAMPUS, CONSTRUCTION OF A CAMPUS BOOKSTORE AND COMMUNITY ROOM ON THE SQUARE AND SEVERAL OTHER INFRASTRUCTURE INITIATIVES AIMED AT CREATING "THE NEXT GREAT COLLEGE TOWN." THE UNIVERSITY'S CONTRIBUTION TO THE CITY IS RESTRICTED FOR USE ON PROGRAM INITIATIVES. THE USE OF THESE GRANT FUNDS IS MONITORED ACCORDING TO THE GRANT AGREEMENT BETWEEN THE UNIVERSITY AND THE CITY. PURPOSE OF GRANT OR ASSISTANCE SCHEDULE I, PART II, LINE 1(H) STATE OF INDIANA'S STELLAR COMMUNITIES PILOT PROGRAM X X X X true true X X X X false true false false false false false true false BRIAN W CASEY 297137 0 75000 0 44180 0 100680 0 24927 0 541924 0 43460 0 BRADLEY A KELSHEIMER 210000 0 25000 0 1735 0 17880 0 0 0 254615 0 0 0 DANIEL L MEYER 146595 0 10000 0 26507 0 13480 0 44755 0 241337 0 0 0 ROBERT M STEELE 167278 0 0 0 2384 0 25080 0 16282 0 211024 0 0 0 CYNTHIA A BABINGTON 139651 0 5000 0 1751 0 12760 0 48775 0 207936 0 0 0 MARCIA S LATTA 198937 0 0 0 2743 0 8080 0 0 0 209760 0 0 0 CHRISTOPHER J WELLS 159937 0 0 0 746 0 14520 0 19497 0 194699 0 0 0 HUMBERTO BARRETO 121739 0 0 0 567 0 11277 0 56235 0 189819 0 0 0 MARY P DIXON 124974 0 0 0 508 0 10418 0 38937 0 174836 0 0 0 PAMELA J COBURN 168762 0 0 0 1741 0 1080 0 0 0 171583 0 0 0 CAROL L SMITH 134903 0 5000 0 1378 0 12360 0 13159 0 166800 0 0 0 DAVID T HARVEY 136780 0 0 0 1197 0 12360 0 9409 0 159747 0 0 0 Tax indemnification and gross-up payments Schedule J, Part I, Line 1a TWO INDIVIDUALS WERE PROVIDED GROSS-UP PAYMENTS DURING THE FISCAL YEAR. ONE OFFICER RECEIVED A GIFT CARD FROM A DEPARTMENT, WHICH WAS SUBSEQUENTLY GROSSED UP FOR TAX PURPOSES. ANOTHER OFFICER WAS THE RECIPIENT OF A TUITION BENEFIT FOR A CHILD AT ANOTHER SCHOOL. IN ACCORDANCE WITH THE EMPLOYMENT AGREEMENT, THE TUITION PAYMENTS WERE GROSSED UP. Housing allowance or residence for personal use Schedule J, Part I, Line 1a AS A CONDITION OF HIS EMPLOYMENT, THE UNIVERSITY'S PRESIDENT WAS PROVIDED HOUSING CONTIGUOUS TO CAMPUS IN THE AMOUNT OF $18,150. THE HOUSING IS FURNISHED FOR THE CONVENIENCE OF THE UNIVERSITY AND IS THEREFORE NOT INCLUDED IN HIS TAXABLE COMPENSATION. Health or social club dues or initiation fees Schedule J, Part I, Line 1a THE UNIVERSITY PAID COLUMBIA CLUB DUES ON BEHALF OF THE PRESIDENT. THE MEMBERSHIP WAS FOR BUSINESS USE ONLY AND WAS NOT INCLUDED IN HIS TAXABLE COMPENSATION. Personal services Schedule J, Part I, Line 1a THE UNIVERSITY PROVIDES THE PRESIDENT WITH TAX PREPARATION, FINANCIAL, AND ESTATE PLANNING SERVICES, WHICH ARE INCLUDED IN HIS TAXABLE COMPENSATION. Supplemental nonqualified retirement plan Schedule J, Part I, Line 4b THE UNIVERSITY'S PRESIDENT PARTICIPATES IN A SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN. CONTRIBUTIONS MADE ON HIS BEHALF AMOUNTED TO $80,000 FOR THE YEAR. Non-fixed payments Schedule J, Part I, Line 7 ALL OFFICERS ARE CONSIDERED FOR AN INCENTIVE BONUS EACH ACADEMIC YEAR, MEASURED BY THE ACHIEVEMENT OF ANNUAL AND STRATEGIC GOALS, AS ESTABLISHED WITH THE CHAIR OF THE BOARD OF TRUSTEES AND THE PRESIDENT. THE AMOUNT OF INCENTIVE BONUS AWARDED IS APPROVED BY THE EXECUTIVE COMPENSATION COMMITTEE. INDIANA FINANCE AUTHORITY 351602316 455057NJ4 2008-04-30 84555000 CURRENT REFUNDING OF 1/11/2006 BOND ISSUANCE false false false INDIANA FINANCE AUTHORITY 351602316 455057WG0 2009-12-01 44315803 SEE PART VI false false false 9535000 0 84555000 0 0 0 414569 169943 0 0 83970488 0 2008 true false true true 0 0 44315803 0 0 0 477972 0 0 0 43837831 0 2009 true false true true false false false false 0.0000 0.0000 0.0000 true false false true true false 0.0090 0.0000 0.0090 true false true false 0.0 false 0.0 false true false false false 0.0 false false true X DESCRIPTION OF PURPOSE PART I, COLUMN (F) CURRENT REFUNDING OF A PORTION OF 4/30/2008 BOND ISSUANCE; CURRENT REFUNDING 2/11/1999 BOND ISSUANCE; AND REFINANCING OF TAXABLE LINE OF CREDIT. SEE PART V SEE PART V 87500 MERIT-BASED SCHOLARSHIPS JOHN GERALD WALLACE CHILD OF TRUSTEE 12516 EMPLOYEE COMPENSATION false X 73 1557979 MARKET VALUE X 1 24000 MARKET VALUE 2 false true false Explanations of reporting method for number of contributions Schedule M, Part I SECURITIES - PUBLICLY TRADED: NUMBER OF CONTRIBUTIONS RECEIVED COLLECTIBLES: NUMBER OF CONTRIBUTIONS RECEIVED Number of contributions or items contributed. Schedule M, part I, column (b), Line 9 NUMBER OF CONTRIBUTIONS RECEIVED Number of contributions or items contributed. Schedule M, part I, column (b), Line 18 NUMBER OF CONTRIBUTIONS RECEIVED PROGRAM SERVICE ACCOMPLISHMENTS (CONTINUED FROM PART III) FORM 990, PART III, LINE 4A DEPAUW STUDENTS ARE SOCIAL, AND THEY ARE WELCOMING. THEY ARE OPEN TO EACH OTHER AND TO THE WORLD. DEPAUW STUDENTS HAVE A SENSE OF JOY IN LIFE, AND A CURIOSITY ABOUT THEMSELVES, ABOUT EACH OTHER, AND ABOUT THE WORLD. OUR TALENTED FACULTY OFFER OUR STUDENTS PERSONAL ATTENTION IN SMALL CLASSES, HELPING THEM HONE THEIR THINKING, SKILLS AND ABILITIES IN ORDER TO BUILD A SOUND FOUNDATION FOR FUTURE SUCCESS. DEPAUW'S SCHOOL OF MUSIC OFFERS TALENTED MUSICIANS THE OPPORTUNITY TO DEVELOP THEIR SKILLS WHILE RECEIVING ALL THE BENEFITS OF A STRONG LIBERAL ARTS EDUCATION. Delegate broad authority to a committee Form 990, Part VI, Section A, Line 1a THE EXECUTIVE COMMITTEE SHALL CONSIST OF THE CHAIR OF THE BOARD SERVING AS CHAIR, THE VICE CHAIRS OF THE BOARD, THE METHODIST BISHOP, THE IMMEDIATE PAST CHAIR OF THE BOARD, THE SECRETARY OF THE BOARD, AND FOUR ADDITIONAL VOTING MEMBERS OF THE BOARD OF TRUSTEES APPOINTED TO THE COMMITTEE BY THE CHAIR OF THE BOARD. THE EXECUTIVE COMMITTEE SHALL HAVE AUTHORITY TO ACT BETWEEN REGULAR MEETINGS OF THE BOARD ON ALL MATTERS OF GOVERNANCE AND MANAGEMENT REQUIRING ATTENTION OF THE BOARD. THE EXECUTIVE COMMITTEE SHALL MEET ON AGREED DATES BETWEEN THE REGULAR MEETINGS OF THE BOARD OF TRUSTEES OR UPON NOT LESS THAN 48 HOURS ADVANCE NOTICE (WHICH MAY BE WAIVED BY UNANIMOUS CONSENT), UPON CALL OF THE CHAIR, OF THE PRESIDENT, OR OF TWO MEMBERS OF THE COMMITTEE. A SUMMARY OF ALL ACTION OF THE EXECUTIVE COMMITTEE SHALL BE DISTRIBUTED TO ALL TRUSTEES AS SOON AS POSSIBLE AFTER EACH MEETING OF THE COMMITTEE. Family/business relationships amongst interested persons Form 990, Part VI, Section A, Line 2 MARLETTA DARNALL AND MATTHEW S. DARNALL - FAMILY RELATIONSHIP, MAX W. HITTLE, JR. AND R. DAVID HOOVER - BUSINESS RELATIONSHIP, NEWTON CRENSHAW AND R. DAVID HOOVER - BUSINESS RELATIONSHIP Review of form 990 by governing body Form 990, Part VI, Section B, Line 11b THE FORM 990 AND RELATED SCHEDULES UNDERGO A THOROUGH REVIEW BY THE VICE PRESIDENT FOR FINANCE AND ADMINISTRATION AND THE AUDIT AND RISK MANAGEMENT COMMITTEE. THE FORM AND ALL SCHEDULES, EXCEPT FOR SCHEDULE B, IS THEN PROVIDED TO ALL MEMBERS OF THE BOARD OF TRUSTEES. THE ENTIRE BOARD OF TRUSTEES APPROVES THE FORM 990 PRIOR TO SUBMISSION TO THE IRS. Conflict of interest policy Form 990, Part VI, Section B, Line 12c THE UNIVERSITY'S CONFLICT OF INTEREST POLICY COVERS ALL EMPLOYEES AND BOARD TRUSTEES. ALL BOARD TRUSTEES, KEY ADMINISTRATIVE FACULTY AND STAFF (INCLUDING OFFICERS), AND GRANT ADMINISTRATORS ARE REQUIRED TO COMPLETE AN ANNUAL CONFLICT OF INTEREST QUESTIONNAIRE DISCLOSURE. ALL OTHER EMPLOYEES ARE REQUIRED TO DISCLOSE ANY POTENTIAL CONFLICTS OF INTEREST AS THEY MAY ARISE. THE VICE PRESIDENT OF ACADEMIC AFFAIRS AND THE VICE PRESIDENT FOR FINANCE AND ADMINISTRATION COLLECT THE ANNUAL CONFLICT OF INTEREST DISCLOSURE FORMS AND CONDUCT AN INITIAL REVIEW OF EACH CONFLICT OF INTEREST DISCLOSURE TO DETERMINE IF A POTENTIAL CONFLICT APPEARS TO EXIST, OR IF A CONFLICT OF INTEREST IN FACT EXISTS. CONFLICT OF INTEREST RESPONSES FOR THE VICE PRESIDENT OF FINANCE AND ADMINISTRATION AND THE CHAIR OF THE BOARD OF TRUSTEES ARE SUBMITTED TO THE CHAIR OF THE AUDIT AND RISK MANAGEMENT COMMITTEE FOR REVIEW. IN ADDITION, A SUMMARY OF ALL CONFLICTS OF INTEREST IS PRESENTED ANNUALLY TO THE CHAIR OF THE AUDIT AND RISK MANAGEMENT COMMITTEE. IF NECESSARY, THE VICE PRESIDENT FOR FINANCE AND ADMINISTRATION WORKS WITH THE CHAIR OF THE AUDIT COMMITTEE AND/OR THE CHAIR OF THE BOARD OF TRUSTEES TO DETERMINE THE NECESSARY ACTION TO BE TAKEN FOR ANY ACTUAL CONFLICTS OF INTEREST DETERMINED TO EXIST, SUCH AS REQUIRING THE INDIVIDUAL TO RECUSE HIM OR HERSELF FROM VOTING ON THE CONFLICTING ISSUE. IN ADDITION TO REVIEWING THE CONFLICT OF INTEREST SUBMISSIONS, THE FINANCE DEPARTMENT ANNUALLY REVIEWS A LISTING OF VENDORS PAID TO IDENTIFY ANY POTENTIAL CONFLICTS OF INTEREST. Process used to establish compensation of top management official Form 990, Part VI, Section B, Line 15a UNIVERSITY BYLAWS ESTABLISH A SUBCOMMITTEE OF THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES TO BE DESIGNATED AS THE EXECUTIVE COMPENSATION COMMITTEE. THIS COMMITTEE ANNUALLY DETERMINES THE COMPENSATION TO BE PAID TO THE TOP MANAGEMENT OFFICIAL AND OTHER EXECUTIVE OFFICERS OF THE UNIVERSITY. COMPENSATION REVIEW AND APPROVAL TAKES INTO CONSIDERATION COMPARABLE MARKET DATA, AS WELL AS INDIVIDUAL AND ORGANIZATIONAL PERFORMANCE. MARKET DATA INCLUDES COMPENSATION AND BENEFIT INFORMATION FROM MEMBER INSTITUTIONS OF THE GREAT LAKES COLLEGES ASSOCIATION (GLCA) AND VERIFIABLE COMPENSATION AND BENEFIT INFORMATION OBTAINED FROM OTHER SELECTED PEER LIBERAL ARTS COLLEGES. THIS REVIEW/APPROVAL PROCESS IS DOCUMENTED IN THE COMMITTEE MEETING MINUTES, AND WAS LAST PERFORMED IN JUNE 2012. Process used to establish compensation of other officers/key employees Form 990, Part VI, Section B, Line 15b SEE NARRATIVE FOR FORM 990, PART VI, SECTION B, LINE 15A. Governing documents, conflict of interest policy and financial statements available to the public Form 990, Part VI, Section C, Line 19 GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE ALL AVAILABLE TO THE PUBLIC UPON REQUEST. Other changes in net assets or fund balances Form 990, Part XI, Line 5 NET UNREALIZED GAINS (LOSSES) ON INVESTMENTS - -16260965; PRIOR PERIOD ADJUSTMENTS - 200; LOSS ON INTEREST RATE SWAP - -10180958; OTHER CHANGES IN ACCUMULATED POSTRETIREMENT BENEFIT OBLIGATIONS - -2298075; CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS - 296992; ALLOWANCE FOR UNCOLLECTIBLE CONTRIBUTIONS - -833500; CHARITABLE REMAINDER TRUSTS (46) TRUST IN DEPAUW UNIVERSITY TRUST PERPETUAL TRUSTS (8) TRUST IN DEPAUW UNIVERSITY TRUST false false false false false false false false false false false false false false false false false false