2011-05-16T08:58:36-05:00 2010-06-30 BKD LLP 200 E Main St Suite 700 Fort Wayne IN 46802 990 2009-07-01 350869045 DEPAUW UNIVERSITY DEPA 7656584800 PO BOX 37 GREENCASTLE IN 46135 BRAD KELSHEIMER 7656584161 2010-05-13 true Joyce A Dulworth 2604604000 2009 2016-02-24 21:20:13Z BRIAN W CASEY PRESIDENT 313 S LOCUST STREET PO BOX 37 GREENCASTLE IN 46135 204397883 false X WWW.DEPAUW.EDU X 1837 IN DEPAUW UNIVERSITY IS A DISTINGUISHED UNIVERSITY, NATIONALLY RECOGNIZED FOR EFFECTIVENESS IN LINKING LIBERAL ARTS EDUCATION WITH LIFE'S WORK BY INTELLECTUALLY CHALLENGING AND INSPIRING STUDENTS. 33 33 2235 149 1563459 -1710943 11924446 14463440 80280457 88039560 14806002 15042508 5012351 4346757 112023256 121892265 38037987 42922221 0 0 52281558 51068736 0 0 4038596 45147313 42525934 135466858 136516891 -23443602 -14624626 699890780 713829643 180988651 185341137 518902129 528488506 DEPAUW UNIVERSITY, A RESIDENTIAL LIBERAL ARTS COLLEGE, PROVIDES A DIVERSE LEARNING AND LIVING COMMUNITY WHICH IS DISTINCTIVE IN ITS RIGOROUS INTELLECTUAL ENGAGEMENT AND INTERNATIONAL AND EXPERIENTIAL LEARNING OPPORTUNITIES. DEPAUW TEACHES ITS STUDENTS VALUES AND HABITS OF MIND WHICH SERVE THEM THROUGHOUT THEIR LIVES AS EACH OF THEM MAKES A POSITIVE DIFFERENCE AS AN ACTIVE CITIZEN OF THE WORLD. false false 121245141 42922221 88039560 DEPAUW UNIVERSITY IS A RESIDENTIAL LIBERAL ARTS COLLEGE WITH A SCHOOL OF MUSIC WHICH SERVES APPROXIMATELY 2,377 STUDENTS. DEPAUW PROVIDES A SET OF EXCEPTIONAL COLLEGE EXPERIENCES MARKED BY INTELLECTUAL RIGOR AND SHAPED BY A DYNAMIC FACULTY. THESE EXPERIENCES ARE ENHANCED BY AN ENGAGING RESIDENTIAL CAMPUS COMMUNITY AND A 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. 121245141 true true false false false false true false true true true false true false false false false false false false false false true true true false false false false false false false false false false true true false false false true false false false true 444 0 true 2235 true true true true EI false false false false false false false 33 33 true false false false false false false true true false false false true true true true true true true true true IN X X BRAD KELSHEIMER 7656584161 313 S LOCUST STREET GREENCASTLE IN 46135 LISA HENDERSON BENNETT 1.0 X 0 0 0 THOMAS W BOSWELL 1.0 X 0 0 0 SALLY G COWAL 1.0 X 0 0 0 MICHAEL J COYNER 1.0 X 0 0 0 NEWTON F CRENSHAW 1.0 X 0 0 0 MARLETTA DARNALL 1.0 X 0 0 0 GARY P DREW 1.0 X 0 0 0 JANE L EMISON 1.0 X 0 0 0 MARVIN E FLEWELLEN 1.0 X 0 0 0 KYLE A HAWKINS 1.0 X 0 0 0 MAX W HITTLE JR 1.0 X 0 0 0 R DAVID HOOVER 1.0 X 0 0 0 KATHRYN HUBBARD 1.0 X 0 0 0 MATTHEW R JENNINGS 1.0 X 0 0 0 JANET L JOHNS 1.0 X 0 0 0 KYLE E LANHAM 1.0 X 0 0 0 G RICHARD LOCKE III MD 1.0 X 0 0 0 JUDSON C GREEN 1.0 X 0 0 0 ERIK G NELSON 1.0 X 0 0 0 MYRTA PULLIAM 1.0 X 0 0 0 MARSHALL W REAVIS IV 1.0 X 0 0 0 BLAIR A RIETH JR 1.0 X 0 0 0 DARLENE M RYAN 1.0 X 0 0 0 JAMES G STEWART 1.0 X 0 0 0 R CLAY TAYLOR 1.0 X 0 0 0 LEE E TENZER 1.0 X 0 0 0 STEVEN L TRULASKE 1.0 X 0 0 0 KATHY P VRABECK 1.0 X 0 0 0 SARAH R WALLACE 1.0 X 0 0 0 BAYARD H WALTERS 1.0 X 0 0 0 M SCOTT WELCH 1.0 X 0 0 0 ROBERT F WELLS 1.0 X 0 0 0 R LEE WILSON 1.0 X 0 0 0 BRIAN W CASEY 40.0 X 248673 0 63533 LISA A HOLLANDER 40.0 X 242550 0 26197 CYNTHIA A BABINGTON 40.0 X 151046 0 19810 CHRISTOPHER J WELLS 40.0 X 150216 0 21792 NEAL BROADUS ABRAHAM 40.0 X 130754 0 14775 DAVID THORP HARVEY 40.0 X 123921 0 13686 BRADLEY ALAN KELSHEIMER 40.0 X 106919 0 16123 DANIEL L MEYER - HIRED 310 40.0 X 0 0 0 PAMELA JANE COBURN 40.0 X 148153 0 11705 THOMAS E DIXON 40.0 X 147032 0 20317 GARY DALE LEMON 40.0 X 145567 0 16767 ROBERT MCKAY STEELE 40.0 X 140052 0 16264 CAROL L SMITH 40.0 X 130117 0 16751 RICHARD SPELLER X 153801 0 14417 ROBERT G BOTTOMS 40.0 X 141976 0 15725 2160777 0 287862 33 true true false SODEXO INC AND AFFILIATES 9801 WASHINGTONIAN BOULEVARD GAITHERSBURG MD 20878 FOOD SERVICE 4841594 AA HUBER AND SONS INC 500 N JACKSON STREET GREENCASTLE IN 46135 PLUMBING & HVAC 343197 ROYALL AND COMPANY 1920 E PARHAM ROAD RICHMOND VA 23228 CONSULTING 225464 THE LAWLOR GROUP 6400 FLYING CLOUD DRIVE EDEN PRAIRIE MN 55344 MARKETING 214136 AYERS SAINT GROSS INC 1040 HULL STREET SUITE 100 BALTIMORE MD 21230 CONSULTANTS 196016 22 347055 14116385 3577575 14463440 TUITION AND FEES 611710 76887724 76887724 AUXILIARY SERVICES 611710 11151836 11151836 88039560 6099083 -950786 7049869 0 0 91449043 82505618 8943425 8943425 -3000 8946425 0 0 0 CONFERENCES & CATERING 722320 650289 650289 WALDEN INN 721110 1855706 1855706 OTHER INCOME 611710 1829512 1829512 11250 11250 4346757 121892265 88039560 1563459 17825806 0 42922221 42922221 0 0 1449856 463953 710430 275473 0 37051102 31686678 3420811 1943613 2508418 2132155 225758 150505 7171789 6119391 610000 442398 2887571 2342754 378386 166431 3847718 3846930 788 221894 9277 212617 159775 159775 0 0 1655703 1655703 1340064 936064 360923 43077 185366 37935 147431 2689536 1702524 541493 445519 997990 475380 522610 0 6373372 5682396 606803 84173 1876075 1622815 87934 165326 0 0 5594335 5280834 271738 41763 0 8209515 7773110 378269 58136 475972 462860 11365 1747 OTHER EXPENSES 3784332 2911089 665729 207514 PROGRAMS AND ACTIVITIES 3256762 3191674 55999 9089 GRANTS AND AWARDS 910891 864106 46785 MEMBERSHIPS 946634 780995 161807 3832 136516891 121245141 11233154 4038596 12900 11850 15817369 9302380 8603528 8449644 2168882 1673147 7988074 8259124 229698 261724 2447329 1854244 342171303 124709478 224535690 217461825 404190364 431392101 33896946 35163604 699890780 713829643 4637260 6771332 110786209 135811194 25477161 0 40088021 42758611 180988651 185341137 X 224476791 224462976 38871849 46725720 255553489 257299810 518902129 528488506 699890780 713829643 X false true true X true true X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 502750 3136140 0 0 X X X X false 425363509 3476417 34666064 23249440 3547054 1655703 435053793 544533845 2712170 -94499458 21553989 3288387 2540672 425363509 0.40800 0.56600 0.02600 true false 9981250 9981250 291824681 110131438 181693243 0 2290843 859997 1430846 38074529 13718043 24356486 217461825 BOND ISSUE COSTS 1631752 CSV OF LIFE INSURANCE 3925190 BENEFICIAL INTEREST IN TRUSTS 27855491 OTHER INVESTMENTS 1084000 REAL ESTATE HELD FOR RESALE 667171 35163604 0 ADVANCES FROM GRANTS HELD FOR 611949 ANNUITY & TRUST LIABILITY 13190524 ADVANCES FROM FEDERAL GOVERNME 3670970 ACCUMULATED POSTRETIREMENT BEN 25285168 42758611 121892265 136516891 -14624626 31274140 -7063137 24211003 9586377 108588481 31274140 31274140 77314341 1655703 42922221 44577924 121892265 91938967 91938967 1655703 42922221 44577924 136516891 SCHEDULE D PART III, LINE 4 THE UNIVERSITY'S COLLECTIONS INCLUDE WORKS OF ART USED FOR INSTRUCTION, SCHOLARLY RESEARCH AND PUBLIC EXHIBITION. PART X FIN 48 FOOTNOTE 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 IS NO LONGER SUBJECT TO U.S. FEDERAL, STATE, AND LOCAL OR NON-U.S. INCOME TAX EXAMINATIONS BY TAX AUTHORITIES FOR YEARS BEFORE 2007. PART XI LINE 8 LOSS ON INTEREST RATE SWAP -3,639,985 LOSS ON REFUNDING OF BONDS -111,475 CHANGES IN POSTRETIREMENT BENEFIT OBLIGATIONS -828,958 CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS -2,482,719 PART V, LINE 4 DESCRIBE THE INTENDED USES OF THE ORGANIZATION'S ENDOWMENT FUNDS THE UNIVERSITY'S ENDOWMENT CONSISTS OF APPROXIMATELY 1,100 INDIVIDUAL FUNDS ESTABLISHED FOR A VARIETY OF PURPOSES. THE ENDOWMENT INCLUDES BOTH DONOR-RESTRICTED ENDOWMENT FUNDS AND FUNDS DESIGNATED BY THE GOVERNING BODY TO FUNCTION AS ENDOWMENTS (BOARD-DESIGNATED ENDOWMENT FUNDS). AS REQUIRED BY ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA (GAAP), NET ASSETS ASSOCIATED WITH ENDOWMENT FUNDS, INCLUDING BOARD-DESIGNATED ENDOWMENT FUNDS ARE CLASSIFIED AND REPORTED BASED ON THE EXISTENCE OR ABSENCE OF DONOR-IMPOSED RESTRICTIONS. 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 AS 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. THE 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. PART XII LINE 4B GRANTS AND SCHOLARSHIPS 42,922,221 PART XIII LINE 4B GRANTS AND SCHOLARSHIPS 42,922,221 true true true THE UNIVERSITY'S NONDISCRIMINATORY POLICY IS PUBLICIZED ON ITS WEBSITE AND IN MARKETING MATERIALS true true true true false false false false false false false false true false 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 true SCHOLARSHIPS AND FINANCIAL AID 2298 42922221 PROCEDURES FOR MONITORING THE USE OF GRANT FUNDS IN THE U.S. 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. X X X X true true X X X X X true true false false false false false false false BRIAN W CASEY 247953 0 0 0 720 0 57500 0 6033 0 312206 0 0 0 LISA A HOLLANDER 221830 0 20000 0 720 0 18000 0 8197 0 268747 0 0 0 RICHARD SPELLER 151556 0 0 0 2245 0 10260 0 4157 0 168218 0 0 0 CYNTHIA A BABINGTON 140182 0 10000 0 864 0 11600 0 8210 0 170856 0 0 0 CHRISTOPHER J WELLS 149805 0 0 0 411 0 12527 0 9265 0 172008 0 0 0 PAMELA JANE COBURN 148153 0 0 0 0 0 11705 0 0 0 159858 0 0 0 THOMAS E DIXON 144075 0 0 0 2957 0 12000 0 8317 0 167349 0 0 0 GARY DALE LEMON 143128 0 0 0 2439 0 11453 0 5314 0 162334 0 0 0 ROBERT G BOTTOMS 139766 0 0 0 2210 0 9600 0 6125 0 157701 0 0 0 ROBERT MCKAY STEELE 140052 0 0 0 0 0 11200 0 5064 0 156316 0 0 0 SCHEDULE J PART I EXPLANATION OF BENEFITS: COLUMBIA CLUB DUES WERE PAID FOR PRESIDENT EMERITUS ROBERT BOTTOMS AND PRESIDENT BRIAN CASEY FOR BUSINESS PURPOSES ONLY. FIRST CLASS TRAVEL WAS PROVIDED TO PRESIDENT EMERITUS ROBERT BOTTOMS. PRESIDENT EMERITUS ROBERT BOTTOMS WAS PROVIDED SPOUSAL TRAVEL TO BRING HIS WIFE TO CERTAIN BUSINESS FUNCTIONS. PRESIDENT BRIAN CASEY IS ALSO PROVIDED HOUSING CONTIGUOUS TO CAMPUS AS A CONDITION OF HIS EMPLOYMENT. THE HOUSING IS FURNISHED FOR THE CONVENIENCE OF THE UNIVERSITY AND IS THEREFORE NOT INCLUDED ON HIS W-2. QUESTION 4A: RICHARD SPELLER RECEIVED PAYMENT OF $168,218.23 WHICH WAS INCLUDED IN HIS W-2 COMPENSATION. QUESTION 4B: THE PRESIDENT HAS A DEFERRED COMPENSATION PLAN UNDER SECTION 457(F). FOR 2009, THE AMOUNT WAS $37,500. INDIANA FINANCE AUTHORITY 351602316 455057NJ4 2008-04-30 84555000 CURRENT REFUNDING 2006 BOND false false INDIANA FINANCE AUTHORITY 351602316 455057WG0 2009-12-01 44315803 CURRENT REFUNDING 2008 & 1999 BOND false false 84555000 584512 true false true true 44315803 477972 true false true true false false false false true true false false true false true 0.00900 0.00900 true false true false false false true false false false false false true X 2 694250 FMV X 65 2927306 FMV 2 false true true PART I, QUESTION 32B NONCASH CONTRIBUTIONS THE FOLLOWING BROKERS ARE USED TO LIQUIDATE GIFTS OF SECURITIES: EDWARD JONES; MERRILL LYNCH; ROBERT W BAIRD & CO; MORGAN STANLEY/SMITH BARNEY; NATIONAL CITY INVESTMENTS; NEUBERGER BERMAN; NORTHERN TRUST; CHARLES SCHWAB AND CO; UBS FINANCIAL SERVICES; WELLS FARGO SECURITIES. FORM 990 PART VI GOVERNANCE, MANAGEMENT AND DISCLOSURE QUESTION 2: MAX W HITTLE JR - TRUSTEE BUSINESS RELATIONSHIP R DAVID HOOVER - TRUSTEE BUSINESS RELATIONSHIP MICHAEL L SMITH - TRUSTEE BUSINESS RELATIONSHIP QUESTION 11A: 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. FOLLOWING THIS REVIEW, THE EXECUTIVE COMMITTEE REVIEWS THE FORM AND ALL SCHEDULES, EXCEPT FOR SCHEDULE B. THE FORM AND ALL SCHEDULES, EXCEPT FOR SCHEDULE B, IS THEN PROVIDED TO ALL MEMBERS OF THE BOARD OF TRUSTEES PRIOR TO SUBMISSION TO THE IRS. QUESTION 12C: PER THE WRITTEN CONFLICT OF INTEREST POLICY, AN ANNUAL CONFLICT OF INTEREST QUESTIONNAIRE MUST BE COMPLETED AND SUBMITTED TO THE VICE PRESIDENT FOR FINANCE AND ADMINISTRATION FOR REVIEW. IF A POTENTIAL CONFLICT OF INTEREST IS DISCLOSED, THE VICE PRESIDENT FOR FINANCE AND ADMINISTRATION DETERMINES THE MATERIALITY OF THE CONFLICT. IF NECESSARY, THE CHAIR OF THE BOARD OF TRUSTEES WORKS WITH THE VICE PRESIDENT TO DETERMINE THE NECESSARY ACTION. QUESTION 15 A&B: 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 EXECUTIVE OFFICERS OF THE UNIVERSITY. COMPENSATION REFLECTS COMPARABLE MARKET DATA, INDIVIDUAL AND ORGANIZATIONAL PERFORMANCE. MARKET DATA INCLUDES COMPENSATION AND BENEFIT INFORMATION FROM MEMBER INSTITUTIONS OF THE GREAT LAKES COLLEGES ASSOCIATION (GLCA), INFORMATION PROVIDED THROUGH THE COLLEGE AND UNIVERSITY PROFESSIONAL ASSOCIATION FOR HUMAN RESOURCES (CUPA-HR), AND VERIFIABLE COMPENSATION AND BENEFIT INFORMATION OBTAINED FROM OTHER SELECTED PEER LIBERAL ARTS COLLEGES. QUESTION 19: GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, FORM 990 AND FINANCIAL STATEMENTS ARE ALL AVAILABLE UPON REQUEST. SCHEDULE K PART I DESCRIPTION OF PURPOSE: A: CURRENT REFUNDING OF 2006 BOND, ISSUED JANUARY 11, 2006 B: CURRENT REFUNDING OF A PORTION OF 2008 BONDS ISSUED ON APRIL 30, 2008, CURRENT REFUNDING OF 1999 BONDS ISSUED FEBRUARY 11, 1999 AND REFINANCING TAXABLE LINE OF CREDIT PART II, LINE 5: A: LETTER OF CREDIT FEES $127,943 BANK COUNSEL FEES 42,000 UNDERWRITER'S DISCOUNT 211,388 COSTS OF ISSUANCE 203,182 ISSUANCE COSTS FROM PROCEEDS $584,512 B: UNDERWRITER'S DISCOUNT $307,306 COSTS OF ISSUANCE 170,666 ISSUANCE COSTS FROM PROCEEDS $477,972 MALPAS TRUST 600 E 96TH STREET STE 600 INDIANAPOLIS IN 46240 356040246 SCHOLARSHIPS IN 501 (C)(3) 11 NA false false true false false false false false false false false false false false false false false false MALPAS TRUST C 173476