KENTUCKY WESLEYAN COLLEGE: Form 990, tax year 2011
View the entire original 990 at ProPublica ↗
- Organization
- KENTUCKY WESLEYAN COLLEGE (EIN 61-0466713)
- Tax period
- 2011-07-01 to 2012-06-30
- Filed
- 2013-01-23
- IRS object ID
- 201320239349300247
- Schema version
- 2011v1.5
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990
- Schedule A
- Schedule B
- Schedule D
- Schedule E
- Schedule G
- Schedule I
- Schedule J
- Schedule K
- Schedule O
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2013-01-23T17:25:39-06:00 | Timestamp |
| Tax Period End Date | 2012-06-30 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | EBELHAR WHITEHEAD PLLC | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 100 WEST THIRD STREET SUITE 200 | AddressLine1 |
| City | OWENSBORO | City |
| State | KY | State |
| ZIP Code | 42303 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2011-07-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 610466713 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | KENTUCKY WESLEYAN COLLEGE | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| In Care Of Name | % COURTNEY LEMASTERS | InCareOfName |
| Name Control | KENT | NameControl |
| Phone | 2709263111 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 3000 FREDERICA STREET | AddressLine1 |
| City | OWENSBORO | City |
| State | KY | State |
| ZIP Code | 42301 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | CINDRA K STIFF | Name |
| Title | V.P. OF FINANCE | Title |
| Date Signed | 2013-01-23 | DateSigned |
| Authorize Third Party | true | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | Joshua D Meyer CPA | Name |
| Phone | 2709262922 | Phone |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2011 | TaxYear |
| Build TS | 2016-02-25 16:41:14Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | CINDRA STIFF | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 3000 FREDERICA STREET | AddressLine1 |
| City | OWENSBORO | City |
| State | KY | State |
| ZIP Code | 42301 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 61993189 | GrossReceipts |
| Group Return For Affiliates | false | GroupReturnForAffiliates |
| Organization501c3 | X | Organization501c3 |
| Web Site | www.kwc.edu | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1858 | YearFormation |
| State Legal Domicile | KY | StateLegalDomicile |
| Activity Or Mission Description | FOSTER A LIBERAL ARTS EDUCATION THAT NOURISHES, STIMULATES AND PREPARES FUTURE LEADERS INTELLECTUALLY, SPIRITUALLY AND PHYSICALLY TO ACHIEVE SUCCESS IN LIFE. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 32 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 32 | NbrIndependentVotingMembers |
| Total Nbr Employees | 639 | TotalNbrEmployees |
| Total Gross UBI | 0 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | 0 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 3541567 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 2110399 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 16648728 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 16211680 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 1530885 | InvestmentIncomePriorYear |
| Investment Income Current Year | -1990585 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 77687 | OtherRevenuePriorYear |
| Other Revenue Current Year | 124710 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 21798867 | TotalRevenuePriorYear |
| Total Revenue Current Year | 16456204 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 6230543 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 5956486 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members Prior Year | 0 | BenefitsPaidToMembersPriorYear |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 6736964 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 7371699 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp Prior Year | 0 | TotalProfFundrsngExpPriorYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 117778 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 7773483 | OtherExpensePriorYear |
| Other Expenses Current Year | 7567145 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 20740990 | TotalExpensesPriorYear |
| Total Expenses Current Year | 20895330 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | 1057877 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | -4439126 | RevenuesLessExpensesCY |
| Total Assets BOY | 51030783 | TotalAssetsBOY |
| Total Assets EOY | 47028451 | TotalAssetsEOY |
| Total Liabilities BOY | 11580114 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 10775698 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 39450669 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 36252753 | NetAssetsOrFundBalancesEOY |
| Mission Description | FOSTER A LIBERAL ARTS EDUCATION THAT NOURISHES, STIMULATES AND PREPARES FUTURE LEADERS INTELLECTUALLY, SPIRITUALLY AND PHYSICALLY TO ACHIEVE SUCCESS IN LIFE. | MissionDescription |
| Significant New Program Services | false | SignificantNewProgramServices |
| Significant Change | false | SignificantChange |
| Expense | 18442669 | Expense |
| Grants | 5956486 | Grants |
| Revenue | 16211680 | Revenue |
| Description | KENTUCKY WESLEYAN COLLEGE, IN PARTNERSHIP WITH THE UNITED METHODIST CHURCH, PROVIDES INSTRUCTION AND RELATED ACTIVITIES TO STUDENTS BY OFFERING A QUALITY LIBERAL ARTS EDUCATION AND OPPORTUNITIES FOR PERSONAL GROWTH AND LEADERSHIP. | Description |
| Total Program Service Expense | 18442669 | TotalProgramServiceExpense |
| Described In501 C3 | true | DescribedIn501C3 |
| Schedule B Required | true | ScheduleBRequired |
| Political Activities | false | PoliticalActivities |
| Lobbying Activities | false | LobbyingActivities |
| Subject To Proxy Tax | false | SubjectToProxyTax |
| Donor Advised Funds | false | DonorAdvisedFunds |
| Conservation Easements | false | ConservationEasements |
| Collections Of Art | false | CollectionsOfArt |
| Credit Counseling | false | CreditCounseling |
| Term Or Permanent Endowments | true | TermOrPermanentEndowments |
| Report Land Bldg Equip | true | ReportLandBldgEquip |
| Report Invest Oth Securities | false | ReportInvestOthSecurities |
| Report Prog Rel Invest | false | ReportProgRelInvest |
| Report Other Assets | true | ReportOtherAssets |
| Report Other Liabilities | true | ReportOtherLiabilities |
| Report Fin48 Footnote | true | ReportFin48Footnote |
| Independent Audit Financial Stmt | true | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | false | ConsolidatedAuditFinancialStmt |
| School | true | School |
| Foreign Office | false | ForeignOffice |
| Foreign Activities | false | ForeignActivities |
| More Than5000 K To Organizations | false | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | false | MoreThan5000KToIndividuals |
| Professional Fundraising | false | ProfessionalFundraising |
| Fundraising Activities | true | FundraisingActivities |
| Gaming | false | Gaming |
| Hospital | false | Hospital |
| Grants To Organizations | false | GrantsToOrganizations |
| Grants To Individuals | true | GrantsToIndividuals |
| Schedule J Required | true | ScheduleJRequired |
| Tax Exempt Bonds | true | TaxExemptBonds |
| Invest Tax Exempt Bonds | false | InvestTaxExemptBonds |
| Escrow Account | false | EscrowAccount |
| On Behalf Of Issuer | false | OnBehalfOfIssuer |
| Excess Benefit Transaction | false | ExcessBenefitTransaction |
| Prior Excess Benefit Transaction | false | PriorExcessBenefitTransaction |
| Loan To Officer Or DQP | false | LoanToOfficerOrDQP |
| Grant To Related Person | false | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | false | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | false | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | false | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | false | DeductibleNonCashContributions |
| Deductible Contributions Of Art | false | DeductibleContributionsOfArt |
| Terminated | false | Terminated |
| Partial Liquidation | false | PartialLiquidation |
| Disregarded Entity | false | DisregardedEntity |
| Related Entity | false | RelatedEntity |
| Related Org Controlled Entity | false | RelatedOrgControlledEntity |
| Transaction Related Entity | false | TransactionRelatedEntity |
| Transfers To Exempt Non Chrtbl Org | false | TransfersToExemptNonChrtblOrg |
| Activities Conducted Partnership | false | ActivitiesConductedPartnership |
| Schedule O Required | true | ScheduleORequired |
| Number Forms Transmitted With1096 | 63 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Compliance With Backup Witholding | true | ComplianceWithBackupWitholding |
| Number Of Employees | 639 | NumberOfEmployees |
| Employment Tax Returns Filed | true | EmploymentTaxReturnsFiled |
| Unrelated Business Income | false | UnrelatedBusinessIncome |
| Foreign Financial Account | false | ForeignFinancialAccount |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTrans |
| Taxable Party Notification | false | TaxablePartyNotification |
| Non Deductible Contributions | false | NonDeductibleContributions |
| Quid Pro Quo Contributions | false | QuidProQuoContributions |
| Form8282 Property Disposed Of | false | Form8282PropertyDisposedOf |
| Funds To Pay Premiums | false | FundsToPayPremiums |
| Premiums Paid | false | PremiumsPaid |
| Indoor Tanning Services | false | IndoorTanningServices |
| Info In Schedule O Part VI | X | InfoInScheduleOPartVI |
| Nbr Voting Governing Body Members | 32 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 32 | NumberIndependentVotingMembers |
| Family Or Business Relationship | true | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | false | DelegationOfManagementDuties |
| Changes To Organizing Docs | false | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | false | MaterialDiversionOrMisuse |
| Members Or Stockholders | false | MembersOrStockholders |
| Election Of Board Members | false | ElectionOfBoardMembers |
| Decisions Subject To Approval | false | DecisionsSubjectToApproval |
| Minutes Of Governing Body | true | MinutesOfGoverningBody |
| Minutes Of Committees | true | MinutesOfCommittees |
| Officer Mailing Address | false | OfficerMailingAddress |
| Local Chapters | false | LocalChapters |
| Form990 Provided To Governing Body | false | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | true | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | true | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | true | RegularMonitoringEnforcement |
| Whistleblower Policy | true | WhistleblowerPolicy |
| Document Retention Policy | false | DocumentRetentionPolicy |
| Compensation Process CEO | true | CompensationProcessCEO |
| Compensation Process Other | true | CompensationProcessOther |
| Investment In Joint Venture | false | InvestmentInJointVenture |
| States Where Copy Of Return Is Filed | KY | StatesWhereCopyOfReturnIsFiled |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Person | COURTNEY LEMASTERS | NamePerson |
| Telephone Number | 2709263111 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 3000 FREDERICA ST | AddressLine1 |
| City | OWENSBORO | City |
| State | KY | State |
| ZIP Code | 42301 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionA (48 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation | OfficerOfficer |
|---|---|---|---|---|---|---|
| THOMAS C MAJOR | ||||||
| TRUSTEE | 1.0 | X | 0 | 0 | 0 | |
| K WAYNE FOSTER | ||||||
| TRUSTEE | 1.0 | X | 0 | 0 | 0 | |
| R MITCH SETTLE | ||||||
| TRUSTEE | 1.0 | X | 0 | 0 | 0 | |
| CONNIE LOU BARNETT | ||||||
| TRUSTEE/SECRETARY | 1.0 | X | 0 | 0 | 0 | |
| MARK CARROL | ||||||
| EX-OFFICIO | 1.0 | X | 0 | 0 | 0 | |
| BARTON D DARRELL | ||||||
| VICE CHAIRMAN AND TRUSTEE | 1.0 | X | 0 | 0 | 0 | |
| REV THOMAS W EBLEN | ||||||
| TRUSTEE | 1.0 | X | 0 | 0 | 0 | |
| W JEFFERY FOREMAN | ||||||
| CHAIRMAN AND TRUSTEE | 1.0 | X | 0 | 0 | 0 | |
| REV MARK A GIBBONS | ||||||
| TRUSTEE | 1.0 | X | 0 | 0 | 0 | |
| REV THOMAS B GRIEB | ||||||
| TRUSTEE | 1.0 | X | 0 | 0 | 0 | |
| HAROLD L HALL II | ||||||
| TRUSTEE | 1.0 | X | 0 | 0 | 0 | |
| DAVID E HOCKER | ||||||
| TRUSTEE | 1.0 | X | 0 | 0 | 0 | |
| JOHN W JONES | ||||||
| TRUSTEE | 1.0 | X | 0 | 0 | 0 | |
| ARBA KENNER MD | ||||||
| TRUSTEE | 1.0 | X | 0 | 0 | 0 | |
| JOSEPH G KENNY | ||||||
| EMERITI | 1.0 | X | 0 | 0 | 0 | |
| DENNIS W KIRTLEY | ||||||
| TRUSTEE | 1.0 | X | 0 | 0 | 0 | |
| MARCIA SMITH LAWRENCE | ||||||
| TRUSTEE | 1.0 | X | 0 | 0 | 0 | |
| W GLENN SOWARDS | ||||||
| EMERITI | 1.0 | X | 0 | 0 | 0 | |
| E PHILLIPS MALONE | ||||||
| TRUSTEE | 1.0 | X | 0 | 0 | 0 | |
| DON P MOORE III | ||||||
| TREASURER AND TRUSTEE | 1.0 | X | 0 | 0 | 0 | |
| C KENNETH PETERS MD | ||||||
| TRUSTEE | 1.0 | X | 0 | 0 | 0 | |
| RANDALL L RASKIN | ||||||
| TRUSTEE | 1.0 | X | 0 | 0 | 0 | |
| J C SCHERTZINGER OD | ||||||
| TRUSTEE | 1.0 | X | 0 | 0 | 0 | |
| RUTH C SEYDEL | ||||||
| TRUSTEE | 1.0 | X | 0 | 0 | 0 | |
| REV DR JAY F SMITH | ||||||
| TRUSTEE | 1.0 | X | 0 | 0 | 0 | |
| JOHN H WALLACE JR | ||||||
| EMERITI | 1.0 | X | 0 | 0 | 0 | |
| DAVID R WATKINS MD | ||||||
| TRUSTEE | 1.0 | X | 0 | 0 | 0 | |
| JACK T WELLS | ||||||
| TRUSTEE | 1.0 | X | 0 | 0 | 0 | |
| RYNE WILLIAMS | ||||||
| EX OFFICIO | 1.0 | X | 0 | 0 | 0 | |
| REV DALE A CARDEN | ||||||
| EX OFFICIO | 1.0 | X | 0 | 0 | 0 | |
| REV DR HAROLD W DORSEY | ||||||
| EMERITI | 1.0 | X | 0 | 0 | 0 | |
| REV DR W R JENNINGS | ||||||
| EMERITI | 1.0 | X | 0 | 0 | 0 | |
| J EDWARD MADDOX | ||||||
| EMERITI | 1.0 | X | 0 | 0 | 0 | |
| WADE MOUNTZ | ||||||
| EMERITI | 1.0 | X | 0 | 0 | 0 | |
| BERNIE BETTINELLI | ||||||
| EX OFFICIO | 1.0 | X | 0 | 0 | 0 | |
| REV DR JAMES SHEPHERD | ||||||
| EMERITI | 1.0 | X | 0 | 0 | 0 | |
| ANN SMISER | ||||||
| EMERITI | 1.0 | X | 0 | 0 | 0 | |
| PINY SMITH | ||||||
| EMERITI | 1.0 | X | 0 | 0 | 0 | |
| GEORGE GREENWELL | ||||||
| EMERITI | 1.0 | X | 0 | 0 | 0 | |
| DR JEFFREY B BARBER | ||||||
| TRUSTEE | 1.0 | X | 0 | 0 | 0 | |
| E LUELLEN PYLES | ||||||
| TRUSTEE | 1.0 | X | 0 | 0 | 0 | |
| PHILLIP J SHEPHERD | ||||||
| TRUSTEE | 1.0 | X | 0 | 0 | 0 | |
| BISHOP OF KY CONFERENCE | ||||||
| EX-OFFICIO | 1.0 | X | 0 | 0 | 0 | |
| CINDRA STIFF | ||||||
| VP OF FINANCE | 40.0 | 105350 | 0 | 8196 | X | |
| SCOTT KRAMER | ||||||
| VP OF STUDENT SERVICES | 40.0 | 85663 | 0 | 20169 | X | |
| PAULA DEHN | ||||||
| ACADEMIC AFFAIRS/DEAN COLLEGE | 40.0 | 120785 | 0 | 8557 | X | |
| WILLARD TURNER | ||||||
| PRESIDENT | 40.0 | 145833 | 0 | 31742 | X | |
| RICHARD BOROWSKI | ||||||
| VP FOR EXTERNAL AFFAIRS | 40.0 | 31000 | 0 | 2260 | X | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 488631 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 0 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 70924 | TotalOtherCompensation |
| Number Individuals GT100 K | 3 | NumberIndividualsGT100K |
| Formers Listed | false | FormersListed |
| Total Comp GT150 K | true | TotalCompGT150K |
| Compensation From Other Sources | false | CompensationFromOtherSources |
Contractor Compensation ContractorCompensation (5 entries)
| Address Line1AddressOfContractor/AddressUS/AddressLine1 | CityAddressOfContractor/AddressUS/City | StateAddressOfContractor/AddressUS/State | ZIP CodeAddressOfContractor/AddressUS/ZIPCode | Description Of ServicesDescriptionOfServices | CompensationCompensation |
|---|---|---|---|---|---|
| SODEXO INC AND AFFILIATES | |||||
| 3000 FREDERICA STREET | OWENSBORO | KY | 42301 | FOOD SERVICES | 1331535 |
| SODEXO INC AND AFFILIATES | |||||
| 4880 PAYSPHERE CIRCLE | CHICAGO | IL | 60674 | FACILITIES CONTRACT | 208666 |
| FOLLETT HIGHER EDUCATION GROUP | |||||
| 3146 SOLUTIONS CENTER | CHICAGO | IL | 60677 | BOOKSTORE CONTRACTOR | 145009 |
| DANCO CONSTRUCTION | |||||
| 3201 INTERSTATE DRIVE | EVANSVILLE | IN | 47715 | CONSTRUCTION | 401425 |
| ERNIE DAVIES SONS MECHANICAL INC | |||||
| 1518 EAST ELEVENTH STREET | OWENSBORO | KY | 42303 | HVAC CONTRACTOR | 165795 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 5 | NumberOfContractorsGT100K |
| Government Grants | 222771 | GovernmentGrants |
| All Other Contributions | 1887628 | AllOtherContributions |
| Noncash Contributions | 11361 | NoncashContributions |
| Total Contributions | 2110399 | TotalContributions |
Program Service Revenue ProgramServiceRevenue (3 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome |
|---|---|---|---|
| TUITION & FEES | 611600 | 13229014 | 13229014 |
| AUXILIARY INCOME | 611710 | 2519408 | 2519408 |
| OTHER SOURCES | 611710 | 463258 | 463258 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 16211680 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 643510 | TotalRevenueColumn |
| Exclusion | $643,510 | ExclusionAmount |
Income From Invest Bond Proceeds IncomeFromInvestBondProceeds
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
Royalties Revenue RoyaltiesRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
Gross Rents GrossRents
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 214940 | Real |
Less Rental Expenses LessRentalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 124416 | Real |
Rental Income Or Loss RentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 90524 | Real |
Net Rental Income Or Loss NetRentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 90524 | TotalRevenueColumn |
| Related Or Exempt Function Income | 90524 | RelatedOrExemptFunctionIncome |
Gross Amount Sales Assets GrossAmountSalesAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 42697655 | Securities |
Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 45331750 | Securities |
Gain Or Loss GainOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | -2634095 | Securities |
Net Gain Or Loss Investments NetGainOrLossInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -2634095 | TotalRevenueColumn |
| Exclusion | -$2,634,095 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Income Fundraising Events | 115005 | GrossIncomeFundraisingEvents |
| Fundraising Direct Expenses | 80819 | FundraisingDirectExpenses |
Net Income From Fundraising Events NetIncomeFromFundraisingEvents
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 34186 | TotalRevenueColumn |
| Exclusion | $34,186 | ExclusionAmount |
Net Income From Gaming NetIncomeFromGaming
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
Net Income Or Loss NetIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Revenue | 0 | TotalOtherRevenue |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 16456204 | TotalRevenueColumn |
| Related Or Exempt Function Income | 16302204 | RelatedOrExemptFunctionIncome |
| Exclusion | -$1,956,399 | ExclusionAmount |
Grants To Domestic Orgs GrantsToDomesticOrgs
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Grants To Domestic Individuals GrantsToDomesticIndividuals
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 5956486 | Total |
| Program Services | 5956486 | ProgramServices |
Foreign Grants ForeignGrants
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Benefits To Members BenefitsToMembers
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 735331 | Total |
| Management And General | 735331 | ManagementAndGeneral |
Comp Disqual Persons CompDisqualPersons
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 5032223 | Total |
| Program Services | 3730006 | ProgramServices |
| Management And General | 1212908 | ManagementAndGeneral |
| Fundraising | 89309 | Fundraising |
Pension Plan Contributions PensionPlanContributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 105408 | Total |
| Program Services | 78131 | ProgramServices |
| Management And General | 25406 | ManagementAndGeneral |
| Fundraising | 1871 | Fundraising |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1099444 | Total |
| Program Services | 814935 | ProgramServices |
| Management And General | 264997 | ManagementAndGeneral |
| Fundraising | 19512 | Fundraising |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 399293 | Total |
| Program Services | 295966 | ProgramServices |
| Management And General | 96241 | ManagementAndGeneral |
| Fundraising | 7086 | Fundraising |
Fees For Services Management FeesForServicesManagement
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 316694 | Total |
| Program Services | 316694 | ProgramServices |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 40406 | Total |
| Program Services | 40406 | ProgramServices |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 62462 | Total |
| Program Services | 62462 | ProgramServices |
Fees For Services Lobbying FeesForServicesLobbying
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Fees For Services Prof Fundraising FeesForServicesProfFundraising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Fees For Services Invst Mgmnt Fees FeesForServicesInvstMgmntFees
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Fees For Services Other FeesForServicesOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 7726 | Total |
| Program Services | 7726 | ProgramServices |
Advertising Advertising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 54869 | Total |
| Program Services | 54869 | ProgramServices |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 280975 | Total |
| Program Services | 280975 | ProgramServices |
Information Technology InformationTechnology
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 305286 | Total |
| Program Services | 305286 | ProgramServices |
Royalties Royalties
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 476281 | Total |
| Program Services | 476281 | ProgramServices |
Travel Entrtnmnt Public Officials TravelEntrtnmntPublicOfficials
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Conferences Meetings ConferencesMeetings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 139298 | Total |
| Program Services | 139298 | ProgramServices |
Interest Interest
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 329302 | Total |
| Program Services | 329302 | ProgramServices |
Payments To Affiliates PaymentsToAffiliates
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 765874 | Total |
| Program Services | 765874 | ProgramServices |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 187853 | Total |
| Program Services | 187853 | ProgramServices |
Other Expenses OtherExpenses (4 entries)
| DescriptionDescription | TotalTotal | Program ServicesProgramServices |
|---|---|---|
| AUXILIARY EXPENSES | 1863740 | 1863740 |
| GENERAL INSTITUTIONAL SUPPORT | 534924 | 534924 |
| STUDENT SERVICES | 1386021 | 1386021 |
| INSTRUCTION | 675467 | 675467 |
All Other Expenses AllOtherExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 139967 | Total |
| Program Services | 139967 | ProgramServices |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 20895330 | Total |
| Program Services | 18442669 | ProgramServices |
| Management And General | 2334883 | ManagementAndGeneral |
| Fundraising | 117778 | Fundraising |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 340441 | BOY |
| EOY | 325673 | EOY |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Pledges And Grants Receivable PledgesAndGrantsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1505414 | BOY |
| EOY | 1295539 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 459243 | BOY |
| EOY | 369431 | EOY |
Receivables From Officers Etc ReceivablesFromOfficersEtc
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Receivables From Disqual Persons ReceivablesFromDisqualPersons
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Other Notes Loans Receivable Net OtherNotesLoansReceivableNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 925216 | BOY |
| EOY | 857373 | EOY |
Inventories For Sale Or Use InventoriesForSaleOrUse
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 169881 | BOY |
| EOY | 169489 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 33878096 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 15840458 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 18024715 | BOY |
| EOY | 18037638 | EOY |
Investments Pub Traded Securities InvestmentsPubTradedSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 24009580 | BOY |
| EOY | 21777661 | EOY |
Investments Other Securities InvestmentsOtherSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Investments Program Related InvestmentsProgramRelated
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Intangible Assets IntangibleAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 5596293 | BOY |
| EOY | 4195647 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 51030783 | BOY |
| EOY | 47028451 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1142310 | BOY |
| EOY | 985503 | EOY |
Grants Payable GrantsPayable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Deferred Revenue DeferredRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1414172 | BOY |
| EOY | 1462559 | EOY |
Tax Exempt Bond Liabilities TaxExemptBondLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 5875000 | BOY |
| EOY | 5686832 | EOY |
Escrow Account Liability EscrowAccountLiability
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Loans From Officers Directors LoansFromOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Mort Notes Pybl Secured Invest Prop MortNotesPyblSecuredInvestProp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 876165 | BOY |
| EOY | 389890 | EOY |
Unsecured Notes Loans Payable UnsecuredNotesLoansPayable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2272467 | BOY |
| EOY | 2250914 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 11580114 | BOY |
| EOY | 10775698 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 8759605 | BOY |
| EOY | 5175600 | EOY |
Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1097040 | BOY |
| EOY | 1553166 | EOY |
Permanently Restricted Net Assets PermanentlyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 29594024 | BOY |
| EOY | 29523987 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 39450669 | BOY |
| EOY | 36252753 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 51030783 | BOY |
| EOY | 47028451 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | X | InfoInScheduleOPartXI |
| Reconcilation Revenue Expenses | -4439126 | ReconcilationRevenueExpenses |
| Reconcilation Other Changes | 1241210 | ReconcilationOtherChanges |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | false | AccountantCompileOrReview |
| FS Audited | true | FSAudited |
| Audit Committee | true | AuditCommittee |
| Financial Statement Separate | X | FinancialStatementSeparate |
| Federal Grant Audit Required | true | FederalGrantAuditRequired |
| Federal Grant Audit Performed | true | FederalGrantAuditPerformed |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| School170b1 Aii | X | School170b1Aii |
| Contrib By Controlling Individual | false | ContribByControllingIndividual |
| Contribution By Related Party | false | ContributionByRelatedParty |
| Contrib By35 Controlled Entity | false | ContribBy35ControlledEntity |
Schedule B IRS990ScheduleB
Contributor Info ContributorInfo
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor Number | RESTRICTED | ContributorNumber |
Contributor Name Business ContributorNameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor Address US ContributorAddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Aggregate Contributions | RESTRICTED | AggregateContributions |
Schedule D IRS990ScheduleD
| Field | Value | IRS element (for citing) |
|---|---|---|
| Art Public Exhibition Amts | ArtPublicExhibitionAmts | |
| Held Works Of Art Amts | HeldWorksOfArtAmts |
Current Year CurrentYear
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 29501267 | BeginningOfYearBalance |
| Contributions | 123384 | Contributions |
| Investment Earnings Or Losses | -631384 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 805777 | GrantsOrScholarships |
| Other Expenditures | 91702 | OtherExpenditures |
| End Of Year Balance | 28095788 | EndOfYearBalance |
Current Year Minus1 Year CurrentYearMinus1Year
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 25360673 | BeginningOfYearBalance |
| Contributions | 134057 | Contributions |
| Investment Earnings Or Losses | 4660788 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 602695 | GrantsOrScholarships |
| Other Expenditures | 51556 | OtherExpenditures |
| End Of Year Balance | 29501267 | EndOfYearBalance |
Current Year Minus2 Years CurrentYearMinus2Years
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 23362798 | BeginningOfYearBalance |
| Contributions | 62386 | Contributions |
| Investment Earnings Or Losses | 1935489 | InvestmentEarningsOrLosses |
| End Of Year Balance | 25360673 | EndOfYearBalance |
Current Year Minus3 Years CurrentYearMinus3Years
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 27494245 | BeginningOfYearBalance |
| Contributions | 1595351 | Contributions |
| Investment Earnings Or Losses | -5726798 | InvestmentEarningsOrLosses |
| End Of Year Balance | 23362798 | EndOfYearBalance |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Permanent Endowment EOY Balance | 0.99304 | PermanentEndowmentEOYBalance |
| Term Endowment EOY Balance | 0.00696 | TermEndowmentEOYBalance |
| Endowments Held By Unrelated Orgs | true | EndowmentsHeldByUnrelatedOrgs |
| Endowments Held By Related Orgs | false | EndowmentsHeldByRelatedOrgs |
Land Land
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | 240000 | InvestmentCostOrOtherBasis |
| Other Cost Or Other Basis | 100417 | OtherCostOrOtherBasis |
| Book Value | 340417 | BookValue |
Buildings Buildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | 1510000 | InvestmentCostOrOtherBasis |
| Other Cost Or Other Basis | 22530053 | OtherCostOrOtherBasis |
| Depreciation | 8816426 | Depreciation |
| Book Value | 15223627 | BookValue |
Leasehold Improvements LeaseholdImprovements
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 3541716 | OtherCostOrOtherBasis |
| Depreciation | 1482287 | Depreciation |
| Book Value | 2059429 | BookValue |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 5851594 | OtherCostOrOtherBasis |
| Depreciation | 5541745 | Depreciation |
| Book Value | 309849 | BookValue |
Other Land Buildings OtherLandBuildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 104316 | OtherCostOrOtherBasis |
| Book Value | 104316 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 18037638 | TotalOfBookValueLandBuildings |
Other Assets OtherAssets (4 entries)
| DescriptionDescription | Book ValueBookValue |
|---|---|
| FUNDS HELD IN TRUST BY OTHERS | 3061407 |
| CASH SURRENDER VALUE-LIFE INS. | 377959 |
| BEQUEST RECEIVABLE | 639124 |
| BOND ISSUANCE COSTS, NET | 117157 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Other Assets | 4195647 | TotalBookValueOtherAssets |
| Federal Income Tax Liability | 0 | FederalIncomeTaxLiability |
Other Liabilities OtherLiabilities (6 entries)
| DescriptionDescription | AmountAmount |
|---|---|
| DEPOSITS & AGENCY FUNDS | $66,518 |
| ANNUITIES PAYABLE | $310,589 |
| ASSET RETIREMENT OBLIGATION | $268,970 |
| REFUNDABLE U.S. GOV LOAN FUNDS | $865,938 |
| POSTRETIREMENT BENEFIT LIABILI | $385,277 |
| INTEREST RATE SWAP AGREEMENT | $353,622 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 2250914 | TotalOfAmounts |
| Total Revenue | 16456204 | TotalRevenue |
| Total Expenses | 20895330 | TotalExpenses |
| Excess Or Deficit For Year | -4439126 | ExcessOrDeficitForYear |
| Net Unrealized GL On Investments | 1538741 | NetUnrealizedGLOnInvestments |
| Other | -$297,531 | OtherAmount |
| Total Adjustments | 1241210 | TotalAdjustments |
| Excess Or Deficit Per FS | -3197916 | ExcessOrDeficitPerFS |
| Tot Revenue Etc Audited Fincl Stmt | 13242721 | TotRevenueEtcAuditedFinclStmt |
| Other Revenues | 80819 | OtherRevenues |
| Revenue Not Rptd F990 | 80819 | RevenueNotRptdF990 |
| Revenue Subtotal | 13161902 | RevenueSubtotal |
| Other Revenues Not Included | 3294302 | OtherRevenuesNotIncluded |
| Revenue Not Rptd On Fin Stmt | 3294302 | RevenueNotRptdOnFinStmt |
| Total Revenue Per Form990 | 16456204 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 15019663 | TotExpensesEtcAuditedFinclStmt |
| Other Expenses Included | 80819 | OtherExpensesIncluded |
| Expenses Not Rptd F990 | 80819 | ExpensesNotRptdF990 |
| Expenses Subtotal | 14938844 | ExpensesSubtotal |
| Other Expenses Not Included | 5956486 | OtherExpensesNotIncluded |
| Expenses Not Rptd On Fin Stmt | 5956486 | ExpensesNotRptdOnFinStmt |
| Total Expenses Per Form990 | 20895330 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIV Form990ScheduleDPartXIV (5 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| INTENDED USE OF ENDOWMENT FUNDS | SCH D, PART V, LINE 4 | PRESERVATION OF CAPITAL - OVER THE INVESTMENT TIME HORIZON, CAPITAL GAINS ARE TO BE PROTECTED. A POSITIVE RETURN IS EXPECTED OVER THE INVESTMENT TIME HORIZON; ALTHOUGH THERE MAY BE PERIODS WITH NEGATIVE RETURNS. DURING THE INTERIM, THE FUND MAY SACRIFICE SOME POSITIVE RETURNS IN ORDER TO PROTECT AGAINST LOSSES. PRESERVATION OF PURCHASING POWER - ASSET GROWTH, EXCLUSIVE OF CONTRIBUTIONS AND WITHDRAWALS, SHOULD EXCEED THE RATE OF INFLATION IN ORDER TO PRESERVE PURCHASING POWER OF THE FUND'S ASSETS. THE FUND IS WILLING TO ASSUME A MODERATE AMOUNT OF RISK IN ORDER TO REACH ITS LONG-TERM GROWTH OBJECTIVES. ANNUAL SPENDABLE INCOME - AN ANNUAL SPENDABLE INCOME (EARNED INCOME AND REALIZED GAINS) AS APPROVED BY THE FINANCE COMMITTEE WILL SUPPORT THE COLLEGE GENERAL OPERATIONS AND RESTRICTED PROGRAMS IN ACCORDANCE WITH THE DONOR SPECIFICATIONS. |
| RECONCILIATION TO AUDIT REPORT - REVENUE | SCH. D, PART XII | OTHER REVENUE ON BOOKS NOT ON RETURN: SPECIAL EVENT EXPENSE $80,819 OTHER REVENUE ON RETURN NOT ON BOOKS: STUDENT AID DISCOUNTS $5,956,486 NON-OPERATING INVESTMENT INCOME $(2,662,184) |
| RECONCILIATION TO AUDIT REPORT - EXPENSES | SCH. D, PART XIII | OTHER EXPENSES ON BOOKS NOT ON RETURN: SPECIAL EVENT EXPENSE $80,819 OTHER EXPENSES ON RETURN NOT ON B0OKS: STUDENT AID DISCOUNTS $5,956,486 |
| RECONCILIATION OF CHANGE IN NET ASSETS | SCH. D, PART XI | OTHER CHANGE IN FUND BALANCE: PRESENT VALUE ADJUSTMENT OF ANNUITIES $(13,329) CHANGE IN VALUE OF BENEFICIAL INTEREST IN TRUSTS $(173,018) LOAN REPAYMENTS $3,673 CHANGE IN FAIR VALUE OF INTEREST RATE SWAP AGREEMENT $(114,857) |
| SCHEDULE D, PART X, LINE 2 | FIN 48 FOOTNOTE | THE COLLEGE IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (IRC) AND A SIMILAR PROVISION OF STATE LAW. THE COLLEGE HAS BEEN CLASSIFIED AS A PUBLIC CHARITY QUALIFIED FOR CHARITABLE CONTRIBUTIONS UNDER IRC SECTION 170. HOWEVER THE COLLEGE IS SUBJECT TO FEDERAL INCOME TAX ON ANY UNRELATED BUSINESS TAXABLE INCOME. THE COLLEGE IS NOT CONSIDERED TO BE A PRIVATE FOUNDATION. THE COLLEGE FILES TAX RETURNS IN THE US FEDERAL JURISDICTION. WITH FEW EXCEPTIONS, THE COLLEGE IS NO LONGER SUBJECT TO US FEDERAL INCOME TAX EXAMINATIONS BY TAX AUTHORITIES FOR YEARS BEFORE 2009. |
Schedule E IRS990ScheduleE
| Field | Value | IRS element (for citing) |
|---|---|---|
| Nondiscriminatory Policy Stmt | true | NondiscriminatoryPolicyStmt |
| Policy Statement In Brochures Etc | true | PolicyStatementInBrochuresEtc |
| Policy Publ Via Broadcast Media | true | PolicyPublViaBroadcastMedia |
| Maint Racial Composition Records | true | MaintRacialCompositionRecords |
| Maint Scholarships Records | true | MaintScholarshipsRecords |
| Maint Copies Of Brochures Etc | true | MaintCopiesOfBrochuresEtc |
| Maint Copies Of All Solicitations | true | MaintCopiesOfAllSolicitations |
| Discriminate Race Students Rights | false | DiscriminateRaceStudentsRights |
| Discriminate Race Admiss Policies | false | DiscriminateRaceAdmissPolicies |
| Discriminate Race Emplmn Faculty | false | DiscriminateRaceEmplmnFaculty |
| Discriminate Race Scholarships | false | DiscriminateRaceScholarships |
| Discriminate Race Educ Policies | false | DiscriminateRaceEducPolicies |
| Discriminate Race Use Of Fclts | false | DiscriminateRaceUseOfFclts |
| Discriminate Race Athletic Prog | false | DiscriminateRaceAthleticProg |
| Discriminate Race Other Acty | false | DiscriminateRaceOtherActy |
| Government Financial Aid Received | true | GovernmentFinancialAidReceived |
| Government Financial Aid Revoked | false | GovernmentFinancialAidRevoked |
| Compliance With Rev Proc7550 | true | ComplianceWithRevProc7550 |
Form990 Schedule E Part II Form990ScheduleEPartII (2 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| PUBLICIZED NONDISCRIMINATORY POLICY | PART I, LINE 3 | CATALOG AND SOLICITATION MATERIAL HAVE STATEMENTS REGARDING NONDISCRIMINATION. |
| RECEIVED FINANCIAL ASSISTANCE FROM GOVERNMENTAL AGENCY | SCHEDULE E, PART I, LINE 6A | THE ORGANIZATION RECEIVES FINANCIAL AID FROM THE U.S. DEPARTMENT OF EDUCATION. |
Schedule G IRS990ScheduleG
Events Information EventsInformation
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Event1 | ALL-STAR GAME | NameOfEvent1 |
| Gross Receipts Event1 | 87530 | GrossReceiptsEvent1 |
| Gross Revenue Event1 | 87530 | GrossRevenueEvent1 |
| Rent Facility Costs Event1 | 3513 | RentFacilityCostsEvent1 |
| Other Direct Expenses Event1 | 62535 | OtherDirectExpensesEvent1 |
| Name Of Event2 | GOLF SCRAMBLE | NameOfEvent2 |
| Gross Receipts Event2 | 27475 | GrossReceiptsEvent2 |
| Gross Revenue Event2 | 27475 | GrossRevenueEvent2 |
| Other Direct Expenses Event2 | 14771 | OtherDirectExpensesEvent2 |
| Total Number Of Other Events | 0 | TotalNumberOfOtherEvents |
| Gross Receipts Total | 115005 | GrossReceiptsTotal |
| Gross Revenue Total Events | 115005 | GrossRevenueTotalEvents |
| Rent Facility Costs Total Events | 3513 | RentFacilityCostsTotalEvents |
| Other Direct Expenses Total Events | 77306 | OtherDirectExpensesTotalEvents |
| Direct Expense Summary Events | 80819 | DirectExpenseSummaryEvents |
| Net Income Summary | 34186 | NetIncomeSummary |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Records Maintained | true | RecordsMaintained |
Form990 Schedule I Part III Form990ScheduleIPartIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Type Of Grant | STUDENT AID DISCOUNTS | TypeOfGrant |
| Number Of Recipients | 703 | NumberOfRecipients |
| Amount Of Cash Grant | 5956486 | AmountOfCashGrant |
Form990 Schedule I Part IV Form990ScheduleIPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | PROCEDURES FOR MONITORING THE USE OF GRANT FUNDS | Identifier |
| Return Reference | SCH I, PART 1, LINE 2 | ReturnReference |
| Explanation | SCHOLARSHIPS ARE MONITORED BY THE FINANCIAL AID OFFICE AND THE BUSINESS OFFICE. THE FINANCIAL AID OFFICE AWARDS ALL SCHOLARSHIPS TO STUDENTS BASED ON THEIR FINANCIAL NEED AND ACADEMIC MERIT. THE BUSINESS OFFICE MONITORS SCHOLARSHIPS BASED ON THE SATISFACTORY ACADEMIC PROGRESS POLICY INSTITUTED BY THE INSTRITUTION. BOTH THE FINANCIAL AID OFFICE AND BUSINESS OFFICE RECONCILE ALL SCHOLARSHIPS EACH SEMESTER TO VERIFY THAT THEY INDEED ARE CORRECT ON THE STUDENTS ACCOUNT AND IN THE G/L SYSTEM. | Explanation |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Housing Allowance Or Residence | X | HousingAllowanceOrResidence |
| Club Dues Or Fees | X | ClubDuesOrFees |
| Personal Services | X | PersonalServices |
| Written Policy Re T And E Expenses | true | WrittenPolicyReTAndEExpenses |
| Substantiation Required | true | SubstantiationRequired |
| Written Employment Contract | X | WrittenEmploymentContract |
| Board Or Committee Approval | X | BoardOrCommitteeApproval |
| Severance Payment | false | SeverancePayment |
| Supplemental Nonqual Retire Plan | false | SupplementalNonqualRetirePlan |
| Equity Based Comp Arrangement | false | EquityBasedCompArrangement |
| Comp Based On Revenue Of Filing Org | false | CompBasedOnRevenueOfFilingOrg |
| Comp Based On Revenue Related Orgs | false | CompBasedOnRevenueRelatedOrgs |
| Comp Based Net Earnings Filing Org | false | CompBasedNetEarningsFilingOrg |
| Comp Based Net Earnings Relate Orgs | false | CompBasedNetEarningsRelateOrgs |
| Any Non Fixed Payments | false | AnyNonFixedPayments |
| Initial Contract Exception | false | InitialContractException |
Form990 Schedule J Part II Form990ScheduleJPartII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Person | WILLARD TURNER | NamePerson |
| Base Compensation Filing Org | 145833 | BaseCompensationFilingOrg |
| Comp Based On Related Orgs | 0 | CompBasedOnRelatedOrgs |
| Bonus Filing Org | 0 | BonusFilingOrg |
| Bonus Related Orgs | 0 | BonusRelatedOrgs |
| Other Compensation Filing Org | 0 | OtherCompensationFilingOrg |
| Other Compensation Related Orgs | 0 | OtherCompensationRelatedOrgs |
| Deferred Comp Filing Org | 2812 | DeferredCompFilingOrg |
| Nontaxable Benefits Filing Org | 28930 | NontaxableBenefitsFilingOrg |
| Total Compensation Filing Org | 177575 | TotalCompensationFilingOrg |
| Total Compensation Related Orgs | 0 | TotalCompensationRelatedOrgs |
| Comp Report Prior990 Filing Org | 0 | CompReportPrior990FilingOrg |
Form990 Schedule J Part III Form990ScheduleJPartIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | PERSONAL SERVICES FOR EMPLOYEES | Identifier |
| Return Reference | FORM 990, SCH. J, PART I, LINE 1A | ReturnReference |
| Explanation | THE PRESIDENT OF THE INSTITUTION HAS A SPECIFIC CUSTODIAN FOR HIS HOME AND IS PAID THROUGH THE INSTITUTION'S BI-WEEKLY PAYROLL SYSTEM. | Explanation |
Schedule K IRS990ScheduleK
Form990 Schedule K Part I Form990ScheduleKPartI
Issuer Name IssuerName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CITY OF OWENSBORO KY | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Issuer EIN | 616001888 | IssuerEIN |
| Date Issued | 2010-03-26 | DateIssued |
| Issue Price | 5875000 | IssuePrice |
| Description Of Purpose | REFINANCING OF CERTAIN OUTSTANDING | DescriptionOfPurpose |
| Defeased | false | Defeased |
| On Behalf Of Issuer | false | OnBehalfOfIssuer |
| Pool Financing | false | PoolFinancing |
Form990 Schedule K Part II Form990ScheduleKPartII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Amount Retired | 188168 | AmountRetired |
| Amount Bond Defeased | 0 | AmountBondDefeased |
| Total Proceeds | 5875000 | TotalProceeds |
| Amount In Reserve Fund | 0 | AmountInReserveFund |
| Capitalized Interest | 0 | CapitalizedInterest |
| Refunding Escrow | 0 | RefundingEscrow |
| Issuance Costs From Proceeds | 104862 | IssuanceCostsFromProceeds |
| Credit Enhancement | 0 | CreditEnhancement |
| Working Capital Expenditures | 874294 | WorkingCapitalExpenditures |
| Capital Expenditures | 4895844 | CapitalExpenditures |
| Other Spent Proceeds | 0 | OtherSpentProceeds |
| Amount Unspent | 0 | AmountUnspent |
| Current Refunding | false | CurrentRefunding |
| Advance Refunding | false | AdvanceRefunding |
| Final Allocation Made | true | FinalAllocationMade |
| Adequate Books And Recds Maintaind | true | AdequateBooksAndRecdsMaintaind |
Form990 Schedule K Part III Form990ScheduleKPartIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Owning Bond Financed Property | false | OwningBondFinancedProperty |
| Any Lease Arrangements | false | AnyLeaseArrangements |
| Mngment Cntrct Bond Financd Prprty | false | MngmentCntrctBondFinancdPrprty |
| Any Research Agreements | false | AnyResearchAgreements |
| Prcntge Prvt Business Use By Others | 0 | PrcntgePrvtBusinessUseByOthers |
| Post Issuance Compliance Procdrs | false | PostIssuanceComplianceProcdrs |
Form990 Schedule K Part IV Form990ScheduleKPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form8038 T Filed | false | Form8038TFiled |
| Variable Rate Issue | true | VariableRateIssue |
| Hedge Identified In Books And Recds | true | HedgeIdentifiedInBooksAndRecds |
Name Of Hedge Provider NameOfHedgeProvider
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | BB&T | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Term Of Hedge | 7. | TermOfHedge |
| Superintegrated Hedge | true | SuperintegratedHedge |
| Hedge Terminated | true | HedgeTerminated |
| Gross Proceeds Invested In GIC | true | GrossProceedsInvestedInGIC |
Name Of GIC Provider NameOfGICProvider
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | 0 | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Proceeds Invested | false | GrossProceedsInvested |
| Exception To Rebate | false | ExceptionToRebate |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (7 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| MAKING DOCUMENTS AVAILABLE TO THE PUBLIC | FORM 990, PART VI, SECTION C, LINE 19 | THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. |
| FAMILY RELATIONSHIPS AMONG OFFICERS, DIRECTORS, AND KEY EMPLOYEES | FORM 990, PART VI, SECTION A, LINE 2 | DAVID HOCKER (TRUSTEE) IS BROTHER-IN-LAW TO HAROLD HALL (TRUSTEE). |
| MONITORING OF THE CONFLICT OF INTEREST POLICY | FORM 990, PART VI, SECTION B, LINE 12C | ALL OFFICERS, TRUSTEES, AND KEY EMPLOYEES ARE REQUIRED TO COMPLETE AN ANNUAL FORM STATING THEIR COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY. |
| DETERMINATION OF COMPENSATION - MANAGEMENT | FORM 990, PART VI, SECTION B, LINE 15A | THE BOARD OF TRUSTEES REFERENCES OTHER COMPARABLE SMALL COLLEGE COMPENSATION DATA FROM ACB & CIC TO NEGOTIATE BEGINNING SALARY AND BENEFITS OF INCOMING PRESIDENTS; ANNUAL REVIEW OF JOB PERFORMANCE IS COMPLETED WITH THE BOARD OF TRUSTEE CHAIRMAN. |
| DETERMINATION OF COMPENSATION - KEY EMPLOYEES | FORM 990, PART VI, SECTION B, LINE 15B | SALARY DATA FROM OTHER COMPARABLE INSTITUTIONS IS USED TO DETERMINE BEGINNING SALARIES OF ALL OFFICERS; NEGOTIATIONS ARE MANAGED BY THE COLLEGE PRESIDENT; ANNUAL REVIEW OF JOB PERFORMANCE AND SALARY LEVEL IS COMPLETED FOR EACH OFFICER BY THE PRESIDENT; ANNUAL AIKCU SALARY DATA BY POSITION IS ALSO REFERENCED. |
| REVIEW OF 990 TO GOVERNING BODY BEFORE FILING | FORM 990, PART VI, SECTION B, LINE 11 | THE V.P. OF FINANCE AND THE CONTROLLER REVIEW THE DRAFT OF THE 990 AND SUPPLY A COPY TO THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES VIA EMAIL BEFORE FILING THE FINAL 990 TAX RETURN. |
| OTHER CHANGES IN NET ASSETS OR FUND BALANCES | FORM 990, PART XI, LINE 5 | UNREALIZED GAINS/(LOSSES) ON INVESTMENTS $1,538,741 PRESENT VALUE ADJUSTMENT OF ANNUITIES $(13,329) CHANGE IN VALUE OF BENEFICIAL INTEREST IN TRUSTS (173,018) LOAN REPAYMENTS $3,673 CHANGE IN FAIR VALUE OF INTEREST RATE SWAP AGREEMENT $(114,857) |