2013-05-15T12:48:23-05:00 2012-06-30 KPMG LLP 60 South Street Boston MA 02111 990 2011-07-01 060646959 WESLEYAN UNIVERSITY % WESLEYAN UNIVERSITY WESL 8606852000 237 HIGH STREET NORTH COLLEGE MIDDLETOWN CT 06459 JOHN C MEERTS 2013-05-15 6179881000 2011 2016-02-24 21:20:13Z MICHAEL ROTH 237 HIGH STREET MIDDLETOWN CT 06459 465406859 false X WWW.WESLEYAN.EDU X 1831 CT WESLEYAN UNIVERSITY IS DEDICATED TO PROVIDING AN EDUCATION IN LIBERAL ARTS BY BUILDING A DIVERSE, ENERGETIC COMMUNITY OF STUDENTS, FACULTY AND STAFF WHO VALUE INDEPENDENCE OF MIND AND GENEROSITY OF SPIRIT. 33 30 3979 2103 -485486 -660092 51175564 42759578 168526000 177533000 44564575 38136590 5772861 5900422 270039000 264329590 44833189 50638905 0 0 98973990 104210876 0 0 9282087 81783821 80735219 225591000 235585000 44448000 28744590 1004790000 1021730000 281351000 280319000 723439000 741411000 X WESLEYAN UNIVERSITY IS DEDICATED TO PROVIDING AN EDUCATION IN LIBERAL ARTS BY BUILDING A DIVERSE, ENERGETIC COMMUNITY OF STUDENTS, FACULTY AND STAFF WHO VALUE INDEPENDENCE OF MIND AND GENEROSITY OF SPIRIT. false false 146095000 50616000 138082000 *INSTRUCTION AND RESEARCH* WESLEYAN UNIVERSITY OFFERS INSTRUCTION IN 40 DEPARTMENTS AND 47 MAJOR FIELDS OF STUDY AND AWARDS THE BACHELOR OF ARTS AND GRADUATE DEGREES. THE MASTER OF ARTS DEGREE AND THE DOCTOR OF PHILOSOPHY ARE REGULARLY AWARDED IN SIX FIELDS OF STUDY. STUDENTS MAY CHOOSE FROM MORE THAN 900 COURSES EACH YEAR AND MAY BE COUNTED UPON TO DEVISE, WITH THE FACULTY, SOME 900 INDIVIDUAL TUTORIALS AND LESSONS. PLEASE SEE SCHEDULE O FOR DETAIL. 41714000 39451000 *AUXILIARY SERVICES AND OTHER* AUXILIARY SERVICES INCLUDE THE COSTS OF ROOM AND BOARD FOR OVER 2,900 STUDENTS RESIDING ON A 340 ACRE CAMPUS. THERE ARE 8 RESIDENCE HALLS, 7 APARTMENT COMPLEXES AND OVER 25 PROGRAM HOUSES IN ADDITION TO OVER 140 HOUSE UNITS ON CAMPUS FOR UPPERCLASSMEN STUDENTS. WORKING IN PARTNERSHIP WITH STUDENTS AND COLLABORATIVELY WITH OTHER MEMBERS OF THE WESLEYAN COMMUNITY, THE OFFICE OF RESIDENTIAL LIFE STRIVES TO PROVIDE A SAFE AND SUPPORTIVE RESIDENTIAL ENVIRONMENT WHICH COMPLEMENTS AND EXTENDS STUDENTS' EDUCATIONAL EXPERIENCE. PLEASE SEE SCHEDULE O FOR DETAIL. 10320000 *LIBRARIES* LIBRARY EXPENSES INCLUDE ACQUISITION OF BOOKS, PERIODICALS AND OTHER MATERIALS, COMPENSATION OF STAFF, AND OTHER EXPENDITURES IN SUPPORT OF THE LIBRARY. PLEASE SEE SCHEDULE O FOR DETAIL. 756427 22905 5538000 198885427 true true false false false false true true false true true true false false true true true false true true true false false false false false false true true true true false false false false false false false false true true true true false false false true true true false false true 660 0 true 3979 true true true true FR GM IT SP false false false true true false false false false X 33 30 false false false false false false false true true false false true true true true true true true true false CT X WESLEYAN UNIVERSITY 8606852000 237 HIGH STREET MIDDLETOWN CT 06459 X MICHAEL S ROTH 38.0 X X 552615 0 107403 ROBERT L ALLBRITTON 1.0 X 0 0 0 K TUCKER ANDERSEN 1.0 X 0 0 0 DAVID M BARTHOLOMEW 1.0 X 0 0 0 JOSHUA S BOGER 1.0 X 0 0 0 PHOEBE C BOYER 1.0 X 0 0 0 JACK W BRAITMAYER 1.0 X 0 0 0 ELIZABETH BEEZER CLARKSON 1.0 X 0 0 JAMES M CITRIN 1.0 X 0 0 0 BOBBY J DONALDSON II 1.0 X 0 0 0 GEOFFREY M DUYK 1.0 X 0 0 0 JOHN B FRANK 1.0 X 0 0 0 KAREN J FREEDMAN 1.0 X 0 0 0 IRMA V GONZALEZ 1.0 X 0 0 DARRYL B HAZEL 1.0 X 0 0 0 ELLEN JEWETT 1.0 X 0 0 0 DAPHNE KWOK 1.0 X 0 0 0 MICHAEL S LEWIS 1.0 X 0 0 0 MICHELLE A LYN 1.0 X 0 0 0 HIRUT M'CLEOD 1.0 X 0 0 FREDERICK C MAYNARD III 1.0 X 0 0 0 DONNA S MOREA 1.0 X 0 0 0 ILANA WIND NEWELL 1.0 X 0 0 0 LINDA E RAPPAPORT 1.0 X 0 0 0 ELLEN E REMMER 1.0 X 0 0 0 DAVID L ROSENBLUM 1.0 X 0 0 BRIAN L SCHORR 1.0 X 0 0 0 AMY SCHULMAN 1.0 X 0 0 0 JEFFREY L SHAMES 1.0 X 0 0 FRANK V SICA 1.0 X 0 0 0 SHONNI J SILVERBERG 1.0 X 0 0 0 WARREN RENNY CSMITHJR 1.0 X 0 0 0 ADAM USDAN 1.0 X 0 0 0 JOHN C MEERTS 38.0 X 249985 0 63156 MARIANNE CALNEN 38.0 X 89448 0 23904 BARBARA-JAN WILSON 38.0 X 240148 0 64710 ROB ROSENTHAL 38.0 X 225552 0 47245 SONIA BASSHEVA MANJON 38.0 X 162984 0 46687 NANCY HARGRAVE MEISLAHN 38.0 X 162521 0 38584 ANNE MARTIN 38.0 X 555576 0 79678 MICHAEL J WHALEY 38.0 X 150481 0 60111 JEANINE D BASINGER 38.0 X 235240 0 54540 JILL G MORAWSKI 38.0 X 184390 0 54884 WILLIAM HERBST 38.0 X 189851 0 35399 DAVID L BEVERIDGE 38.0 X 199753 0 34781 NAT GREENE 38.0 X 196286 0 40878 JOSEPH W BRUNO 38.0 X 186034 0 48538 PETER C PATTON 38.0 X 177503 0 30191 THOMAS KANNAM 0.0 X 101455 0 0 3859822 0 830689 162 true true false HRP ASSOCIATES INC 197 SCOTT SWAMP ROAD FARMINGTON CT 06032 ENGINEERING 1313922 KPMG LLP PO BOX 120001 DALLAS TX 75312 ACCOUNTING 237250 IRIDIAN ASSET MANAGEMENT LLC 276 POST ROAD WEST WESTPORT CT 068804704 INVESTMENT MGMT 188718 KENNETH BOROSON ARCHITECTS LLC 315 PECK ST NEW HAVEN CT 06513 ARCHITECT 180264 WELLINGTON TRUST COMPANY LLP PO BOX 13766 NEWARK NJ 071880766 INVESTMENT MGMT 170548 6 5428 8166092 34588058 4699745 42759578 TUITION AND FEES 611710 138082000 138082000 AUXILIARY SERVICES 611710 39451000 39451000 177533000 5261000 -485486 5746486 0 2000 2000 0 0 0 0 0 232097000 545850 199761000 6260 32336000 539590 32875590 32875590 7360 5428 6938 422 422 0 0 1663071 1303071 360000 360000 OTHER REVENUE 531390 5538000 5538000 0 0 5538000 264329590 183071000 -485486 38984498 22905 22905 50616000 50616000 0 0 2258594 898856 840519 519219 486878 486878 77823151 63207258 10453264 4162629 6311999 5133919 842561 335519 11809177 9340932 1797592 670653 5521077 4402524 796925 321628 6420270 4358498 1535310 526462 83460 10666 62499 10295 233580 233580 0 0 4145199 4145199 78582 76346 1037 1199 5285892 4986927 246316 52649 5450380 4524088 557247 369045 1272423 407173 832856 32394 0 12242404 8826487 2670832 745085 3154927 2463986 420896 270045 0 91117 59566 26250 5301 8170205 7434887 531063 204255 0 9860087 8972679 640906 246502 522090 475102 33936 13052 DINING 12912132 12912132 FOREIGN PROGRAM 4453319 4453319 FELLOWSHIPS 2330505 2330505 MISCELLANEOUS 4028647 2483794 748698 796155 235585000 198885427 27417486 9282087 15591000 6473000 96742000 68131000 29223000 30862000 117000 499000 0 0 0 0 8997000 8497000 793000 740000 1083000 1176000 485256000 192223000 286737000 293033000 383533000 372301000 179160000 231016000 0 0 0 0 2814000 9002000 1004790000 1021730000 14459000 12560000 0 0 3041000 3256000 206580000 206580000 0 0 0 0 0 0 0 0 57271000 57923000 281351000 280319000 X 250709000 252914000 277669000 275403000 195061000 213094000 723439000 741411000 1004790000 1021730000 X 28744590 -10772590 X false true true X true true X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X 2 10.00 2 0 0 1 true 0.00 0 211092 7004794 X X X false 601478000 21612000 22604000 29499000 616195000 512875000 17654000 104000000 33051000 601478000 476481000 13264000 58890000 35760000 512875000 652208000 8800000 -149099000 35428000 476481000 0.27000 0.31000 0.42000 false false 26055000 26055000 358249000 114036000 244213000 99517000 78187000 21330000 1435000 1435000 293033000 REAL ESTATE 117585000 F PRIVATE EQUITY 113431000 F 231016000 0 TERM LOANS 4162000 CHARITABLE REMAINDER TRUSTS 8411000 POST RETIREMENT BENEFITS 19127000 PERKINS LOAN PROGRAM 5331000 ASSET RETIREMENT OBLIGATION 12371000 BOND PREMIUM 8521000 57923000 264329590 235585000 28744590 -7704590 -3068000 -10772590 17972000 247662000 -7704590 -3068000 -10772590 258434590 5895000 5895000 264329590 229690000 229690000 5895000 5895000 235585000 CONSERVATION EASEMENTS PART II, LINE 9 WESLEYAN UNIVERSITY DOES NOT OWN ANY PROPERTY ENCUMBERED BY A CONSERVATION EASEMENT. HOWEVER, THE LONG LANE PARCEL IS CURRENTLY UNDER THE TRANSFER ACT AGREEMENT WITH CT DEP AND INCLUDES REMEDIATED SOIL PILES, EXCAVATIONS AND IMPACTED WETLANDS. THESE ARE PROTECTED UNDER LOCAL AND STATE REGULATIONS AND HAVE A WRITTEN MANAGEMENT PLAN WHICH PROVIDES A POLICY FOR PROTECTING THE AREAS INCLUDING THE PERIODIC MONITORING, INSPECTION, AND ENFORCEMENT OF THE SITE. REGARDING HISTORIC BUILDINGS, THE CITY OF MIDDLETOWN DESIGN PRESERVATION AND REVIEW BOARD (DRPB) REVIEWS PROPOSED RENOVATIONS TO ALL HISTORIC STRUCTURES IN CERTAIN DISTRICTS, WHICH INCLUDES WESLEYAN'S CAMPUS. THE DRPB THEN MAKES RECOMMENDATIONS TO THE MIDDLETOWN DIRECTOR OF PLANNING FOR SUCH RENOVATIONS. WESLEYAN POLICY REQUIRES OUR CONTRACTED ARCHITECTS, ENGINEERS AND CONTRACTORS TO COMPLY WITH ALL LOCAL, STATE AND FEDERAL REGULATIONS ON EVERY PROJECT. CONTRACTS FOR DESIGN SERVICES IN HISTORIC BUILDINGS REQUIRE THAT THE ARCHITECT AND WESLEYAN SUBMIT PROPOSED RENOVATION PLANS TO THE CITY OF MIDDLETOWN AND THE DRPB AS REQUIRED BY ZONING LAW. ORGANIZATIONS COLLECTIONS OF ARTS PART III, LINE 4 THE UNIVERSITY MAINTAINS WORKS OF ART IN THE DAVISON ART CENTER (DAC), OLIN LIBRARY, SCIENCE LIBRARY AND ARCHIVES. WESLEYAN STUDENTS IN MANY DEPARTMENTS USE THE DAC COLLECTION FOR CLASS ASSIGNMENTS OR VIEWINGS AS WELL AS FOR INDIVIDUAL RESEARCH PROJECTS WITH UNIVERSITY FACULTY, AND THE MUSEUM ALSO ENCOURAGES TEACHING AND LEARNING FROM OBJECTS IN A WIDE RANGE OF OTHER WAYS. THE LIBRARY MAINTAINS SPECIAL COLLECTIONS AND ARCHIVES WHICH INCLUDE AROUND 25,000 RARE BOOKS AND COLLECTIONS THAT SERVE TO STIMULATE UNDERGRADUATE MINDS ABOUT THE PAST, OFFER LABORATORY MATERIALS IN THE HUMANITIES, AND PROVIDE SOME PREPARATION FOR ADVANCED SCHOLARSHIP. ENDOWMENT FUNDS PART V, LINE 4 THE UNIVERSITY'S ENDOWMENT CONSISTS OF APPROXIMATELY 1,300 INDIVIDUAL FUNDS ESTABLISHED FOR A VARIETY OF PURPOSES INCLUDING BOTH DONOR-RESTRICTED ENDOWMENT FUNDS AND FUNDS DESIGNATED BY THE BOARD OF TRUSTEES TO FUNCTION AS ENDOWMENTS. THE UNIVERSITY HAS ADOPTED INVESTMENT AND SPENDING POLICIES FOR ENDOWMENT ASSETS THAT ATTEMPT TO PROVIDE A PREDICTABLE STREAM OF FUNDING TO PROGRAMS SUPPORTED BY ITS ENDOWMENT WHILE SEEKING TO MAINTAIN THE PURCHASING POWER OF THE ENDOWMENT ASSETS. THE UNIVERSITY FOLLOWS A POLICY OF SPENDING BETWEEN 4.5% AND 5.5% OF THE 12-QUARTER MOVING AVERAGE OF THE MARKET VALUE OF THE ENDOWMENT IN SUPPORT OF THE OPERATING AND CAPITAL BUDGETS. ABOUT 85% OF THE PERMANENTLY RESTRICTED NET ASSETS CONSIST OF THOSE FOR WHICH INCOME IS RESTRICTED TO FINANCIAL AID, INSTRUCTION AND RESEARCH. UNCERTAIN TAX POSITIONS UNDER FIN 48 (ASC 740) PART X, LINE 2 THE UNIVERSITY IS GENERALLY EXEMPT FROM INCOME TAXES UNDER INTERNAL REVENUE CODE SECTION 501(A), AS AN ORGANIZATION DESCRIBED IN SECTION 501(C)(3). THE UNIVERSITY ASSESSES UNCERTAIN TAX POSITIONS AND DETERMINED THAT THERE WERE NO SUCH POSITIONS THAT HAVE A MATERIAL EFFECT ON THE FINANCIAL STATEMENTS. OTHER ADJUSTMENTS TO NET ASSETS PART XI, LINE 8 POST RETIREMENT BENEFIT LIABILITY ADJUSTMENT (1,227,000) CHANGE IN VALUE OF SPLIT INTEREST AGREEMENT (1,841,000) TOTAL (3,068,000) OTHER REVENUE INCLUDED IN AFS NOT IN FORM 990 PART XII, LINE 2D POST RETIREMENT BENEFIT LIABILITY ADJUSTMENT (1,227,000) CHANGE IN VALUE OF SPLIT INTEREST AGREEMENT (1,841,000) TOTAL (3,068,000) true true true true true true true false false false false false false false false true false true NONDISCRIMINATORY POLICY SCHEDULE E, LINE 3 THE NONDISCRIMINATORY POLICY IS PROMINENTLY DISPLAYED ON ADVERTISEMENTS FOR EMPLOYMENT WHICH APPEAR IN NEWSPAPERS AND THE INTERNET. IT ALSO APPEARS IN ADMISSIONS CATALOGUES, EMPLOYMENT APPLICATIONS AND EMPLOYEE AND FACULTY HANDBOOKS. Europe (Including Iceland and Greenland) Program Services STUDY ABROAD 3389190 East Asia and the Pacific Program Services STUDY ABROAD 299280 Sub-Saharan Africa Program Services STUDY ABROAD 159231 Middle East and North Africa Program Services STUDY ABROAD 75936 South America Program Services STUDY ABROAD 175784 South Asia Program Services STUDY ABROAD 103994 North America Program Services STUDY ABROAD 5461 Central America and the Caribbean Program Services RESEARCH/RECRUITING 1615 East Asia and the Pacific Program Services INVESTMENTS/RECRUITING 59907 Europe (Including Iceland and Greenland) Program Services RESEARCH/INVESTMENTS 16727 Middle East and North Africa Program Services RESEARCH 22114 North America Program Services RESEARCH/RECRUITING 2705 Russia and the Newly Independent States Program Services RESEARCH 581 South America Program Services RESEARCH/RECRUITING 6187 South Asia Program Services RESEARCH/RECRUITING 1671 Sub-Saharan Africa Program Services RESEARCH 1184 Central America and the Caribbean Investments 120219851 Europe (Including Iceland and Greenland) Investments 21065072 124541418 21065072 145606490 true false true true true true true CITY OF MIDDLETOWN 245 DEKOVEN DRIVE MIDDLETOWN CT 06457 066001872 170(B)(1)(A)(V) 22905 UNRESTRICTED 1 0 SEOG 257 749000 CT STATE GRANTS 64 297000 FREEMAN SCHOLARSHIP 57 1053000 TUITION REMISSION 153 4274000 UNIVERSITY SCHOLARSHIP 1358 44243000 MONITORING THE USE OF GRANT FUNDS PART I, LINE 2 GRANTS TO ORGANIZATIONS IN THE U.S. THE UNIVERSITY MAY MAKE DONATIONS TO SUPPORT ITS TOWN OR NON-PROFIT ORGANIZATIONS. IN THESE INSTANCES, THE UNIVERSITY GENERALLY DOES NOT MONITOR THE ULTIMATE USE OF THE FUNDS AS THESE AMOUNTS ARE UNRESTRICTED GRANTS TO MUNICIPALITIES OR ORGANIZATIONS THAT ARE RECOGNIZED AS BEING DESCRIBED IN INTERNAL REVENUE CODE SECTION 501(C). GRANTS TO INDIVIDUALS IN THE U.S. FINANCIAL AID IS DETERMINED BASED ON A NEEDS ANALYSIS AND APPLIED TO STUDENT CHARGES THAT SUPPORT COST OF ATTENDANCE. STUDENT CHARGES ARE USED IN SUPPORT OF THE UNIVERSITY'S MISSION. X X true true X X X X X false false false false false false false false false MICHAEL S ROTH 424733 0 80000 0 47882 0 38877 0 68526 0 660018 0 0 0 JOHN C MEERTS 248950 0 0 0 1035 0 43072 0 20084 0 313141 0 0 0 BARBARA-JAN WILSON 239113 0 0 0 1035 0 26441 0 38269 0 304858 0 0 0 ROB ROSENTHAL 210785 0 0 0 14767 0 23712 0 23533 0 272797 0 0 0 SONIA BASSHEVA MANJON 161949 0 0 0 1035 0 16989 0 29698 0 209671 0 0 0 NANCY HARGRAVE MEISLAHN 161756 0 0 0 765 0 17719 0 20865 0 201105 0 0 0 ANNE MARTIN 319541 0 235000 0 1035 0 40939 0 38739 0 635254 0 0 0 MICHAEL J WHALEY 149546 0 0 0 935 0 16206 0 43905 0 210592 0 0 0 JEANINE D BASINGER 191348 0 0 0 43892 0 25008 0 29532 0 289780 0 0 0 JILL G MORAWSKI 150018 0 0 0 34372 0 20072 0 34812 0 239274 0 0 0 WILLIAM HERBST 148331 0 0 0 41520 0 15952 0 19447 0 225250 0 0 0 DAVID L BEVERIDGE 199753 0 0 0 0 0 21642 0 13139 0 234534 0 0 0 NAT GREENE 196286 0 0 0 0 0 20785 0 20093 0 237164 0 0 0 JOSEPH W BRUNO 185069 0 0 0 965 0 20997 0 27541 0 234572 0 0 0 PETER C PATTON 177503 0 0 0 0 0 19387 0 10804 0 207694 0 0 0 THOMAS KANNAM 0 0 0 0 101455 0 0 0 0 0 101455 0 0 0 BENEFITS PART I, LINE 1A THE UNIVERSITY WILL REIMBURSE THE COST OF AIRPLANE TICKETS IN COACH CLASS ONLY, UNLESS SCHEDULING OR A MEDICAL CONDITION NECESSITATES OTHER ARRANGEMENTS. THE PRESIDENT AND VICE PRESIDENT FOR STUDENT AFFAIRS MUST LIVE ON CAMPUS AS A REQUIREMENT OF THEIR EMPLOYMENT AND THE FAIR MARKET VALUE OF THE HOUSING HAS BEEN INCLUDED AS A NON-TAXABLE BENEFIT ON SCHEDULE J. CHEFA SERIES G 060646959 20774U2Z7 2010-05-18 197314059 CHEFA SERIES G - REFUND PRIOR BOND false false false CHEFA SERIES H 060646959 20774U3A1 2010-05-18 20105000 CHEFA SERIES H - REFUND PRIOR BOND false false false 0 0 197314059 0 0 0 1454059 0 12860000 183000000 0 0 2008 true false true true 0 0 20105000 0 0 0 105000 0 0 20000000 0 0 2008 true false true true false false true true false 0.00360 0.00000 0.00360 true false false true true false 0.00040 0.00000 0.00040 true false false false 0 false false false 0 false false false true false 0 false false false 0 false false X ANNE GREENE FAMILY OF J FRANK-TRUSTEE 214375 EMPLOYEE COMPENSATION false NAT GREENE FAMILY OF J FRANK-TRUSTEE 237163 EMPLOYEE COMPENSATION false CHIEFTAIN CAPITAL MANAGEMENT SHONNI SILVERBERG-TRUSTEE 6855748 SEE PART V false KARI WEIL SPOUSE OF M. ROTH-OFFICER 113149 EMPLOYEE COMPENSATION false BUSINESS TRANSACTIONS WITH INTERESTED PERSONS SCHEDULE L, PART IV, LINE 3, COLUMN D THE TRANSACTION AMOUNT REPORTED ON THIS LINE FOR CHIEFTAIN CAPITAL MANAGEMENT INCLUDES, IN AGGREGATE, ALL INCOME EARNED BY THE UNIVERSITY ON THIS INVESTMENT ($290,945), ANY WITHDRAWALS MADE BY OR DISTRIBUTIONS MADE TO THE UNIVERSITY ($6,000,000), AND INVESTMENT MANAGEMENT FEES ($564,803) PAID BY THE UNIVERSITY. X 7 211092 FMV X 286 4488653 FMV 5 false true false NONCASH CONTRIBUTIONS PART I, COLUMN B THE UNIVERSITY IS REPORTING THE NUMBER OF CONTRIBUTIONS IN COLUMN B. ORGANIZATION'S MISSION FORM 990, PART III, LINE 1 I. MISSION WESLEYAN UNIVERSITY IS DEDICATED TO PROVIDING AN EDUCATION IN THE LIBERAL ARTS THAT IS CHARACTERIZED BY BOLDNESS, RIGOR, AND PRACTICAL IDEALISM. AT WESLEYAN, DISTINGUISHED SCHOLAR-TEACHERS WORK CLOSELY WITH STUDENTS, TAKING ADVANTAGE OF FLUIDITY AMONG DISCIPLINES TO EXPLORE THE WORLD WITH A VARIETY OF TOOLS. THE UNIVERSITY SEEKS TO BUILD A DIVERSE, ENERGETIC COMMUNITY OF STUDENTS, FACULTY, AND STAFF WHO THINK CRITICALLY AND CREATIVELY AND WHO VALUE INDEPENDENCE OF MIND AND GENEROSITY OF SPIRIT. II. VALUES AND CULTURE *AS A LEARNING COMMUNITY* WESLEYAN EDUCATES STUDENTS TO BECOME INDEPENDENT THINKERS CAPABLE OF CONTINUING TO LEARN AND TRANSLATING THAT LEARNING INTO EFFECTIVE WORK AT THE HIGHEST LEVEL. THE EDUCATION ON CAMPUS IS CHARACTERIZED BY COMBINATIONS OF FREEDOM AND PRODUCTIVITY, EXPERIMENTATION AND EVALUATION, AND EXUBERANCE AND RESPONSIBILITY. THIS STIMULATES STUDENTS TO DISCOVER WHAT THEY LOVE TO DO AND GET BETTER AT IT. WESLEYAN CREATES AN ENVIRONMENT IN WHICH STUDENTS CAN STRIVE FOR EXCELLENCE THROUGH HARD WORK THAT IS JOYFUL AND SATISFYING. ALUMNI OF THE INSTITUTION CONTINUE TO DRAW ON THEIR LEARNING EXPERIENCES FOR THE REST OF THEIR LIVES AND REMAIN DEVOTED TO THE INSTITUTION. *AS A CENTER FOR RESEARCH AND CREATIVE PRACTICE* WESLEYAN ATTRACTS FACULTY AND STUDENTS WHO FIND ENORMOUS VALUE IN INDEPENDENT RESEARCH, SCHOLARSHIP AND CREATIVE PRACTICE. PROFESSORS FIND STIMULATION IN THE CLASSROOM TO ADVANCE THEIR VARIOUS PROFESSIONAL FIELDS, WHICH IN TURN INVIGORATES TEACHING AND CURRICULUM DEVELOPMENT. THE UNIVERSITY'S SMALL GRADUATE PROGRAMS IN THE SCIENCES AND MUSIC FACILITATE COLLABORATIVE RESEARCH. UNDERGRADUATES ARE GIVEN OPPORTUNITIES FOR ADVANCED INDEPENDENT WORK THROUGH WHICH THEY INCREASE THEIR INTELLECTUAL CAPACITIES AND DISCOVER ASPECTS OF THEMSELVES AND THE WORLD THAT WILL REMAIN MEANINGFUL TO THEM LONG AFTER GRADUATION. MEMBERS OF THE WESLEYAN COMMUNITY ADDRESS SCHOLARLY ISSUES OF IMPORTANCE TO THEIR RESPECTIVE FIELDS AND REGULARLY PRODUCE WORK THAT GOES BEYOND ACADEMIC REALMS TO HAVE A POSITIVE IMPACT ON PUBLIC LIFE. *AS AN INSTITUTIONAL CITIZEN AND LEADER IN EDUCATION* WESLEYAN INSPIRES FACULTY, STAFF AND STUDENTS TO PLAY ACTIVE ROLES AS NEIGHBORS AND CITIZENS. THE UNIVERSITY CONTRIBUTES ECONOMICALLY AND CULTURALLY TO MIDDLETOWN, AND IT INSTILLS IN ITS GRADUATES A SENSE OF CIVIC POSSIBILITY AND PURPOSE. WESLEYAN ALUMNI CREATE OPPORTUNITIES TO INTEGRATE SERVICE INTO THEIR PROFESSIONAL AND PERSONAL LIVES AND GENEROUSLY SUPPORT THE EDUCATIONAL ENTERPRISE ON CAMPUS. THE UNIVERSITY SUPPORTS THE CONTINUED EVOLUTION OF A LIBERAL ARTS EDUCATION AND MAKES A CASE FOR ITS IMPORTANCE IN THE PUBLIC SPHERE. MEMBERS OF THE WESLEYAN COMMUNITY REGULARLY GO ON TO DISTINGUISHED CAREERS IN PUBLIC SERVICE, AND THE UNIVERSITY PROVIDES SUPPORT FOR DISSEMINATING SCHOLARSHIP THAT CAN HAVE POSITIVE PUBLIC IMPACT. PROGRAM SERVICE ACCOMPLISHMENT #1 FORM 990, PART III, LINE 4A INSTRUCTION AND RESEARCH INCLUDES ALL EXPENDITURES FOR COMPENSATION AND OTHER EXPENSES IN SUPPORT OF INSTRUCTIONAL ACTIVITY. - 713 BACHELOR OF ARTS AND 83 GRADUATE DEGREES WERE AWARDED IN 2012. - TODAY WESLEYAN OFFERS INSTRUCTION IN 40 DEPARTMENTS AND 47 MAJOR FIELDS OF STUDY AND AWARDS THE BACHELOR OF ARTS AND GRADUATE DEGREES. THE MASTER OF ARTS DEGREE AND THE DOCTOR OF PHILOSOPHY ARE REGULARLY AWARDED IN SIX FIELDS OF STUDY. STUDENTS MAY CHOOSE FROM MORE THAN 900 COURSES EACH YEAR AND MAY BE COUNTED UPON TO DEVISE, WITH THE FACULTY, SOME 900 INDIVIDUAL TUTORIALS AND LESSONS. - THE STUDENT BODY IS MADE UP OF APPROXIMATELY 2,900 FULL-TIME UNDERGRADUATES AND 250 GRADUATE STUDENTS, AS WELL AS MORE THAN 300 PART-TIME STUDENTS IN THE GRADUATE LIBERAL STUDIES PROGRAM. AN ONGOING FACULTY OF MORE THAN 375 IS JOINED EACH SEMESTER BY A DISTINGUISHED GROUP OF VISITING ARTISTS AND PROFESSORS. BUT DESPITE WESLEYAN'S GROWTH, TODAY'S STUDENT/INSTRUCTOR RATIO REMAINS AT 9 TO 1, AND ABOUT TWO THIRDS OF ALL COURSES ENROLL FEWER THAN 20 STUDENTS. PROGRAM SERVICE ACCOMPLISHMENT #2 FORM 990, PART III, LINE 4B AUXILIARY SERVICES INCLUDE THE COSTS OF ROOM AND BOARD FOR OVER 2,800 STUDENTS RESIDING ON A 340 ACRE CAMPUS. THERE ARE 8 RESIDENCE HALLS, 7 APARTMENT COMPLEXES AND OVER 25 PROGRAM HOUSES IN ADDITION TO OVER 140 HOUSE UNITS ON CAMPUS FOR UPPERCLASSMEN. WORKING IN PARTNERSHIP WITH STUDENTS AND COLLABORATIVELY WITH OTHER MEMBERS OF THE WESLEYAN COMMUNITY, THE OFFICE OF RESIDENTIAL LIFE STRIVES TO PROVIDE A SAFE AND SUPPORTIVE RESIDENTIAL ENVIRONMENT WHICH COMPLEMENTS AND EXTENDS STUDENTS' EDUCATIONAL EXPERIENCE. STUDENT-CENTERED PROGRAMS AND SERVICES ARE DEVELOPED AND IMPLEMENTED WITH AN EMPHASIS ON HOLISTIC INDIVIDUAL AND COMMUNITY DEVELOPMENT, STUDENT LEADERSHIP, INDIVIDUAL RESPONSIBILITY, ADVOCACY OF ACADEMIC INQUIRY, AND FREEDOM OF THOUGHT, OPINION AND EXPRESSION IN THE SPIRIT OF MUTUAL RESPECT. THESE ARE THE HALLMARKS OF THE WESLEYAN RESIDENTIAL EXPERIENCE, AND PROVIDE THE ESSENTIAL FOUNDATION FOR A QUALITY LIBERAL ARTS EDUCATION WITHIN A DIVERSE AND DYNAMIC COMMUNITY. PROGRAM SERVICE ACCOMPLISHMENT #3 FORM 990, PART III, LINE 4C LIBRARY EXPENSES INCLUDE ACQUISITION OF BOOKS, PERIODICALS AND OTHER MATERIALS, COMPENSATION OF STAFF, AND OTHER EXPENDITURES IN SUPPORT OF THE LIBRARY. THE MISSION OF THE LIBRARY IS TO PROVIDE THE INFORMATION SERVICES AND RESOURCES REQUIRED TO SUPPORT THE LEARNING, TEACHING, AND RESEARCH OF THE WESLEYAN COMMUNITY. TO CARRY OUT THIS MISSION THE LIBRARY WILL: - ORGANIZE AND PROVIDE INTELLECTUAL AND PHYSICAL ACCESS TO COLLECTIONS AND INFORMATION RESOURCES LOCALLY AND WORLD-WIDE - DEVELOP AND PRESERVE LOCAL COLLECTIONS - TEACH AND GUIDE USERS IN THE LIBRARY RESEARCH PROCESS - PROVIDE AN ATMOSPHERE CONDUCIVE TO STUDY, RESEARCH, AND LEARNING - CONTRIBUTING TO THE LARGER SCHOLARLY WORLD THE WESLEYAN LIBRARY WILL PROVIDE UNEXCELLED SERVICES. IT IS A DYNAMIC PLACE WHERE LIBRARY STAFF PROVIDE USERS WITH THE INFORMATION THEY NEED, AS WELL AS A KEEN SENSE THAT THERE ARE MANY PATHS, AND A WIDE RANGE OF SKILLS NECESSARY FOR THE EFFECTIVE USE AND EVALUATION OF INFORMATION RESOURCES. OTHER PROGRAM SERVICE ACCOMPLISHMENTS FORM 990, PART III, LINE 4D STUDENT SERVICES INCLUDES THE COSTS ASSOCIATED WITH ADMINISTERING THE OFFICE OF ADMISSIONS, REGISTRAR, FINANCIAL AID, CAREER PLANNING, HEALTH SERVICES, INSTITUTIONAL RESEARCH AND DEAN'S OFFICE. FORM 990 REVIEW PROCESS FORM 990, PART VI, SECTION B, QUESTION 11A THE UNIVERSITY'S FISCAL YEAR END IS JUNE 30. THE AUDITED FINANCIAL STATEMENTS ARE FINALIZED IN LATE OCTOBER DUE TO THE TIME IT TAKES TO VALUE ENDOWMENT ASSETS. DURING NOVEMBER AND DECEMBER A TAX COMMITTEE CONSISTING OF UNIVERSITY GENERAL COUNSEL, ASSOCIATE VICE PRESIDENT FOR FINANCE AND MANAGER OF FINANCIAL REPORTING MEET TO DISCUSS ANY SIGNIFICANT CHANGES IN POLICIES, GOVERNANCE, MANAGEMENT AND OTHER ACTIVITY. IN ADDITION, THE FINANCE OFFICE REACHES OUT TO OTHER DEPARTMENTS SUCH AS ACADEMIC AFFAIRS, UNIVERSITY RELATIONS, AND ADMISSIONS TO DETERMINE POTENTIAL FILING ACTIVITY. DURING JANUARY AND FEBRUARY THE FINANCE OFFICE WORKS WITH THE EXTERNAL AUDITORS TO COMPLETE A DRAFT DOCUMENT FOR THE FEBRUARY AUDIT COMMITTEE MEETING. THE DOCUMENT IS PROVIDED TO EACH MEMBER OF THE AUDIT COMMITTEE AND DISCUSSED DURING THE MEETING. THE CHAIR OF THE AUDIT COMMITTEE WILL SUMMARIZE THE REVIEW TO THE FULL BOARD OF TRUSTEES THE FOLLOWING DAY. THE FINAL RETURN IS FILED IN MAY WITH A COPY OF THE FINAL RETURN PROVIDED ELECTRONICALLY TO EACH VOTING MEMBER OF THE GOVERNING BOARD. CONFLICT OF INTEREST POLICY FORM 990, PART VI, SECTION B, QUESTION 12C THE UNIVERSITY POSTS ITS CONFLICT OF INTEREST POLICY ON ITS WEBSITE AND REQUIRES QUESTIONNAIRE COMPLETION FROM UNIVERSITY FACULTY, STAFF AND TRUSTEES ON AN ANNUAL BASIS. FACULTY AND STAFF QUESTIONNAIRES ARE COLLECTED ELECTRONICALLY THROUGH NETWORK SIGN ON. CONFLICT OF INTEREST QUESTIONNAIRES FROM BOARD MEMBERS ARE COLLECTED BY THE SECRETARY OF THE UNIVERSITY AND REVIEWED BY LEGAL COUNSEL. RESPONSES ARE MONITORED BY THE UNIVERSITY GENERAL COUNSEL IN CONJUNCTION WITH THE PRESIDENT'S OFFICE. ANY SUPERVISOR RECEIVING NOTICE OF A POTENTIAL CONFLICT OF INTEREST SHALL DETERMINE WHETHER THE SITUATION PRESENTS A POTENTIAL CONFLICT OF INTEREST UNDER THIS POLICY AND DOCUMENT THEIR DETERMINATION IN WRITING. UNLESS THE SUPERVISOR IS ABLE TO CLEARLY DETERMINE THAT NO SUCH CONFLICT EXISTS OR IN THE CASE THAT THE INDIVIDUAL DISAGREES WITH THE SUPERVISOR'S DECISIONS, THE SUPERVISOR SHALL REQUIRE THE INDIVIDUAL TO DISCLOSE THE SITUATION IN WRITING AND THE SUPERVISOR AND/OR INDIVIDUAL SHALL FORWARD THAT DESCRIPTION TO AN APPROPRIATE VICE PRESIDENT OR SENIOR OFFICER OF THE UNIVERSITY. THE SUPERVISOR SHALL NOT PERMIT ANY INDIVIDUAL TO PARTICIPATE IN THE QUESTIONABLE ACTIVITY UNLESS AND UNTIL A VICE PRESIDENT OR SENIOR OFFICER OF THE UNIVERSITY HAS REVIEWED THE ACTIVITY AND CONFIRMED IN WRITING THAT THE ACTIVITY MAY CONTINUE AND/OR THAT THERE ARE RELEVANT SAFEGUARDS IN PLACE TO PROTECT THE UNIVERSITY. ANY INDIVIDUAL WHO DISAGREES WITH A CONFLICT-RELATED DECISION OF ANY VICE PRESIDENT OR SENIOR OFFICER MAY SEEK REVIEW BY THE PRESIDENT OF THE UNIVERSITY WHOSE DECISION SHALL BE FINAL. ON AN ANNUAL BASIS THE UNIVERSITY DISTRIBUTES AND REQUIRES INDIVIDUALS TO COMPLETE A STATEMENT A)CONFIRMING THAT THEY HAVE READ AND UNDERSTOOD THE CONFLICT OF INTEREST POLICY AND B) THAT THEY HAVE NO KNOWLEDGE OF ANY CONFLICT OF INTEREST EXCEPT FOR THOSE APPROPRIATELY DISCLOSED UNDER THE POLICY. COMPENSATION POLICY FORM 990, PART VI, SECTION B, QUESTION 15B WESLEYAN UNIVERSITY'S SALARY ADMINISTRATION IS DESIGNED TO ACCOMPLISH THREE MAJOR OBJECTIVES: - ATTRACT AND RETAIN HIGHLY QUALIFIED STAFF MEMBERS; - LINK COMPENSATION TO PERFORMANCE; AND - PROMOTE CONSISTENCY AND AN INTERNALLY EQUITABLE RELATIONSHIP BETWEEN SALARY AND RESPONSIBILITIES. A COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES, COMPOSED OF THREE MEMBERS AND CHAIRED BY THE CHAIR OF THE BOARD OF TRUSTEES, IS RESPONSIBLE FOR EVALUATING THE COMPENSATION REASONABLENESS FOR ALL OFFICERS AND KEY EMPLOYEES AS DETERMINED FROM TIME TO TIME. THE COMMITTEE REVIEWS THE PERFORMANCE APPRAISAL OF THE PRESIDENT BY THE BOARD, DETERMINES THE COMPENSATION OF THE PRESIDENT, AND SETS GOALS AND PERFORMANCE MEASURES FOR THE FOLLOWING YEAR. THE COMMITTEE BEGINS DISCUSSION IN THE SECOND HALF OF THE ACADEMIC YEAR. WESLEYAN PARTICIPATES IN AN ANNUAL SURVEY OF ITS PEERS CONDUCTED BY A PRIVATE CONSULTANT. THIS PROCESS ENSURES THAT THE UNIVERSITY REMAINS CONSISTENT WITH THE REGULATORY AND LEGAL REQUIREMENTS OF COMPENSATION IN A 501(c)(3) NON-PROFIT ORGANIZATION. PUBLIC DISCLOSURE FORM 990, PART VI, SECTION C, QUESTION 19 THE UNIVERSITY POSTS ITS GOVERNING DOCUMENTS ON ITS WEBSITE AT WWW.WESLEYAN.EDU/GENERALCOUNSEL. IN ADDITION, THE UNIVERSITY'S AUDITED FINANCIAL STATEMENTS ARE ON ITS WEBSITE AT WWW.WESLEYAN.EDU/FINANCE/FINANCEDEPT. THE UNIVERSITY'S FORM 990 IS POSTED ON WWW.GUIDESTAR.ORG. THE FORM 990, AUDITED FINANCIAL STATEMENTS AND GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST. OTHER CHANGES IN NET ASSETS FORM 990, PART XI, LINE 5 UNREALIZED LOSSES (7,704,590) POST RETIREMENT BENEFIT LIABILITY ADJUSTMENT (1,227,000) CHANGE IN VALUE OF SPLIT INTEREST AGREEMENT (1,841,000) TOTAL (10,772,590) ASSOCIATED KYOTO PROGRAM CONTROLLERS OFFICE COLLEGE HALL RM NORTHAMPTON MA 01063 042996114 EDUCATION MA 501(c)(3) 11(c) NA false CHARITABLE REMAINDER TRUST (2) INVESTING CT N/A TRUST CHARITABLE REMAINDER UNITRUST (13) INVESTING CT N/A TRUST CHARITABLE REMAINDER UNITRUST (2) INVESTING FL N/A TRUST POOLED INCOME FUND (2) INVESTING CT NA TRUST false false false false false false false false false false false false false false false false true true CHARITABLE REMAINDER UNITRUST R 62214 FMV