2011-10-31T10:07:57-05:00 2011-06-30 PARENT DOTT AND COMPANY LTD P O BOX 516 BEAVER DAM WI 539160516 990 2010-07-01 390806363 WAYLAND ACADEMY WAYL 9208853373 101 NORTH UNIVERSITY AVENUE BEAVER DAM WI 539162253 RODNEY D MILLER 9208853373 2011-10-18 1 DANIEL C BARTELT CPA 9208853388 2011-10-18 2010 2016-03-07 17:11:31Z JOSEPH LENNERTZ 101 NORTH UNIVERSITY AVENUE BEAVER DAM WI 539162253 11908032 0 X WWW.WAYLAND.ORG X 1855 WI SEE PART III, #1 17 16 64 215 0 0 1176543 934591 4394214 3886248 339850 605795 69294 100132 5979901 5526766 0 0 0 0 2678755 2354212 0 0 489861 3463850 3457867 6142605 5812079 -162704 -285313 22556588 22481639 5693282 4914478 16863306 17567161 TO PREPARE YOUNG PEOPLE FOR A SUCCESSFUL COLLEGE EXPERIENCE IN A RAPIDLY CHANGING WORLD BY OPENING THEIR MINDS TO THE PURSUIT OF KNOWLEDGE AND THEIR HEARTS TO THE DEVELOPMENT OF STRONG CHARACTER. 0 0 4437974 3886248 EDUCATIONAL SERVICES PROVIDED TO HIGH SCHOOL STUDENTS TO PREPARE EACH STUDENT FOR A SUCCESSFUL COLLEGE EXPERIENCE, TO BE SUCCESSFUL BEYOND THE HIGH SCHOOL YEARS AND TO LEAD MEANINGFUL LIVES. ENROLLMENT FOR THE 2010-11 ACADEMIC YEAR WAS 215 STUDENTS. 4437974 1 1 0 0 0 0 1 0 1 1 0 0 0 1 1 1 0 1 0 0 0 0 0 1 0 0 0 0 1 0 0 0 1 0 0 1 1 1 0 0 0 0 0 0 0 0 0 1 16 0 1 64 1 0 0 0 0 0 1 1 0 0 0 0 X 17 16 0 0 0 0 0 0 0 1 1 0 0 1 0 1 1 1 1 0 WI X RODNEY D MILLER CFO 9208853373 101 N UNIVERSITY AVE BEAVER DAM WI 53916 SUSAN A PETERSON 8.00 X 0 0 0 ELIZABETH W PARKER 6.00 X 0 0 0 ALLEN J PROCTOR 6.00 X 0 0 0 SCOTT LOWELL 6.00 X 0 0 0 HARRY L CODY 4.00 X 0 0 0 RICHARD H KIMBERLY 4.00 X 0 0 0 ROBERT W KUEHLING 4.00 X 0 0 0 WILLIAM T LUEDKE IV 4.00 X 0 0 0 JOHN B MCKINSTRY 4.00 X 0 0 0 JANET MILLERMAIER 4.00 X 0 0 0 ROSINA SAMADANI 4.00 X 0 0 0 JUDY RONIN SCHERB 4.00 X 0 0 0 HILARY BISHOP SCOTT 4.00 X 0 0 0 GEORGIANNA S STARZ 4.00 X 0 0 0 BURNETT G SULLIVAN 4.00 X 0 0 0 MARK C RAUSCHERT 4.00 X 0 0 0 VICTOR FALK 4.00 X 0 0 0 MICHELLE HEBL 4.00 X 0 0 0 JAMES L JANIK 4.00 X 0 0 0 JOSEPH LENNERTZ 40.00 X 86432 0 7827 RODNEY D MILLER 40.00 X 91172 0 2739 TRENT JACKSON 40.00 X 138523 0 4746 MICHAEL C VANHAREN 4.00 X 0 0 0 ROBERT L ESTEN 0.00 X 110678 0 4457 426805 0 19769 2 1 0 0 SODEXO INC 4880 PAYSHPERE CIRCLE CHICAGO IL 60674 FACILITIES MANAGMENT AND FOOD SERVICE 1312833 1 36113 898478 241199 934591 TUITION AND FEES FOR E 900099 3839790 3839790 PROGRAM RELATED STORE 453000 46458 46458 3886248 204520 204520 8446 8446 60177 21730 38447 38447 38447 6731519 6330244 401275 401275 401275 28727 36113 28727 0 2865 565 2300 2300 MISCELLANEOUS REVENUE 900099 20041 20041 ALUMNI/PARENTS EVENTS 900099 14275 14275 PERPETUAL TRUST DISTRI 900099 13898 13898 2725 2725 50939 5526766 3886248 0 705927 350238 94246 117469 138523 1637002 1226642 258945 151415 42380 29320 5932 7128 154348 102757 28314 23277 170244 114898 30375 24971 7790 7790 36357 36357 31828 31828 5779 5779 22582 6100 16482 112127 2376 101291 8460 48650 48650 410531 410531 110062 31501 13704 64857 113908 2435 66972 44501 141331 132487 8844 551332 551332 97532 97532 CONTRACTED SERVICES 1330146 1330146 SUPPLIES 258459 220974 29165 8320 ATHLETIC FEES 41783 41783 STORE PURCHASES 34209 34209 EMPLOYEE EXPENSE 26600 26600 76861 63687 11247 1927 5812079 4437974 884244 489861 587541 794056 685429 535006 408902 131646 36583 15593 7095 39577 37393 52765 56503 19480980 8541051 11366387 10939929 8718827 9218620 29009 27778 520725 602016 110843 116004 22556588 22481639 434781 270539 2089529 1968601 2940147 2469436 228825 205902 5693282 4914478 X 6567403 6972865 1175057 1575290 9120846 9019006 16863306 17567161 22556588 22481639 X -285313 989169 X 1 1 1 X 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X 0 8747836 1522700 -992429 -31708 9246399 7694503 368532 1114864 -400000 -30063 8747836 9691213 -1578968 -390579 -27163 7694503 0.00300 0.99700 0 0 486368 486368 16108365 6674546 9433819 2124947 1399671 725276 761300 466834 294466 10939929 CLUB ACCOUNTS 15638 PRESENT VALUE OF FUTURE ANNUITY OBLIGATIONS 167975 CAPITAL LEASE OBLIGATION 22289 205902 5526766 5812079 -285313 919265 69904 989169 703856 6597472 919265 183269 1102534 5494938 31828 31828 5526766 5882228 101977 101977 5780251 31828 31828 5812079 PART III, LINE 1A: COLLECTION ITEMS ACQUIRED BY CONTRIBUTION TO THE ORGANIZATION SINCE 1997 ARE NOT REFLECTED ON THE FINANCIAL STATEMENTS. THE ONLY ITEM RECEIVED IS A WORK OF ART THAT IS HELD FOR PUBLIC EXHIBITION IN THE COURTYARD OF THE CAMPUS. THE ITEM WAS RECEIVED IN OCTOBER 2007 AND HAD AN APPRAISED VALUE OF APPROXIMATELY $31,000 AT THE TIME OF THE CONTRIBUTION. THIS ITEM IS NOT SUBJECT TO ANY RESTRICTIONS BY THE DONOR. PART III, LINE 4: WORK OF ART HELD FOR PUBLIC EXHIBITION IN THE COURTYARD OF THE SCHOOLS CAMPUS SERVES TO BEAUTIFY THE GROUNDS FOR STUDENTS, PARENTS, PROSPECTIVE STUDENTS, AND ALL OTHER VISITORS TO THE ACADEMY. DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: THE ORGANIZATION'S INVESTED ASSETS WHICH SERVE AS THE ENDOWMENT FUND CONSISTS OF TEMPORARILY RESTRICTED FUNDS BEING HELD FOR THE PURPOSES DESIGNATED BY A DONOR AT THE TIME OF THE ORIGINAL GIFT TO PROVIDE FINANCIAL ASSISTANCE TO INDIVIDUALS DESIRING TO ATTEND THE ACADEMY, AND OTHER ASSISTANCE TO VARIOUS EDUCATIONAL AND ATHLETIC PROGRAMS OFFERED BY THE ACADEMY. ADDITIONALLY THE ENDOWMENT ALSO CONSISTS OF PERMANENTLY RESTRICTED NET ASSETS COMPRISED OF CONTRIBUTIONS DESIGNATED TO BE HELD INDEFINITELY BY A DONOR, AND TEMPORARILY INVESTED FUNDS WHICH ARE UNRESTRICTED IN NATURE AND DESIGNATED BY THE BOARD OF DIRECTORS TO FUNCTION AS ENDOWMENTS. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: THE ACADEMY ADOPTED THE PROVISIONS OF FINANCIAL ACCOUNTING STANDARDS BOARD (FASB) ASC 740-10 (FORMALLY FASB INTERPRETATION NO. 48, ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES) ON JULY 1, 2009. ALL TAX POSITIONS, INCLUDING THE TAX EXEMPT STATUS OF WAYLAND ACADEMY AND POTENTIAL SOURCES OF UNRELATED BUSINESS TAXABLE INCOME (UBIT), HAVE BEEN CONSIDERED BY MANAGEMENT AND IT HAS BEEN DETERMINED THAT IT IS MORE LIKELY THAN NOT THAT ALL TAX POSITIONS WILL BE SUSTAINED UPON EXAMINATION OF TAXING AUTHORITIES. AT JUNE 30, 2011 AND 2010 THERE WERE NO UNRECOGNIZED TAX BENEFITS OR LIABILITIES. PART XI, LINE 8 - OTHER ADJUSTMENTS: ACTUARIAL CHANGE TO ANNUITY OBLIGATIONS -11,388. ACTUARIAL CHANGE TO PERPETUAL TRUST 81,291. ROUNDING ADJUSTMENT 1. PART XII, LINE 2D - OTHER ADJUSTMENTS: ACTUARIAL CHANGE TO PERPETUAL TRUST INCLUDED ON FORM 990, SCH D, PART XI 81,291. RENTAL EXPENSES INCLUDED ON FORM 990, PART VIII, LINE 6B 21,730. PLEDGE ADJUSTMENT INCLUDED ON FORM 990, PART VIII, LINE 1F 80,247. ROUNDING ADJUSTMENT 1. PART XIII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES INCLUDED ON FORM 990, PART VIII, LINE 6B 21,730. PLEDGE ADJUSTMENT INCLUDED ON FORM 990, PART VIII, LINE 1F 80,247. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 EXPLANATION OF NONDISCRIMINATORY POLICY PUBLICATION SCHEDULE E, PART I, LINE 3 ALL ADVERTISING INCLUDES A STATEMENT OF THE ACADEMY'S NONDISCRIMINATION POLICY. SPRING GALA AND AUCTION 64840 36113 28727 28727 64840 36113 28727 28727 28727 0 X X 1 1 X X 0 0 0 0 0 0 0 0 0 ROBERT L ESTEN 110678 0 0 0 0 0 4457 0 0 0 115135 0 0 0 PART I, LINE 1A PART I, LINE 1A: THE PRESIDENT OF WAYLAND ACADEMY IS ALLOWED USE OF A PERSONAL RESIDENCE LOCATED ON THE CAMPUS OF THE SCHOOL, AND THE EMPLOYMENT CONTRACT BETWEEN THE ORGANIZATION AND THE PRESIDENT INCLUDES AN ALLOWANCE FOR PAYMENT OF CLUB DUES AS SPECIFIED BY THE PRESIDENT. TRENT JACKSON CASH ADVANCES X 16649 7095 0 1 1 7095 ROBERT L ESTEN FORMER PRESIDENT 18933 PAYMENTS FOR PERFORMANCE OF SERVICES AS EMPLOYEE TO FAMILY MEMBER OF ROBERT ESTEN, FORMER PRESIDENT. 0 ROBERT L ESTEN FORMER PRESIDENT FORMER PRESIDENT WAS A DIRECTOR OF BANKING INSTITUTION USED BY THE ORGANIZATION FOR LOANS AND GENERAL BANKING. 0 X 15 186975 MARKET QUOTATIONS X AUCTION ITEMS 100 54224 EXCHANGE PRICE RECEIVED AT AUCTION 0 0 1 THIRD PARTY USE: PART I, LINE 32B: WAYLAND ACADEMY USES A PROFESSIONALLY LICENSED STOCKBROKER, UNRELATED TO THE ORGANIZATION, TO SELL ALL PUBLICLY TRADED SECURITIES DONATED TO THE ORGANIZATION. FORM 990, PART VI, SECTION B, LINE 11 PRIOR TO THE OCTOBER BOARD MEETING, A DRAFT COPY OF THE FORM 990 IN ELECTRONIC FORMAT IS REVIEWED BY EACH VOTING MEMBER OF THE ORGANIZATIONS BOARD OF TRUSTEES, AND THE ORGANIZATIONS CEO AND CFO. AFTER THE OCTOBER BOARD MEETING, THE FORM 990 IS FILED ELECTRONICALLY IN ACCORDANCE WITH IRS REGULATIONS BY THE DUE DATE OF THE RETURN. FORM 990, PART VI, SECTION B, LINE 15 THE CHAIRPERSON OF THE BOARD OF TRUSTEES MEETS WITH THE ORGANIZATION'S PRESIDENT TO DISCUSS HIS PERFORMANCE EVALUATION AND COMPENSATION PACKAGE BEFORE THE JANUARY BOARD MEETING. COMPARABLE DATA IS OBTAINED BUT IS NOT SOLELY UTILIZED FOR DETERMINATION OF A COMPENSATION PACKAGE. THE FINANCIAL ABILITY BY THE ORGANIZATION TO PAY AN APPROPRIATE WAGE AND COMPENSATION PACKAGE IS A MAJOR FACTOR IN DETERMINING THE PACKAGE. A WRITTEN CONTRACT SIGNED BY THE CHAIRPERSON AND THE PRESIDENT IS UTILIZED TO EXPLAIN THE COMPENSATION PACKAGE. OTHER KEY EMPLOYEES ARE ANNUALLY EVALUATED BY THE CEO AND A REVIEW OF THIS EVALUATION IS COMPLETED BY MARCH 1ST. COMPARABLE DATA IS OBTAINED AND IS NOT SOLELY UTILIZED FOR DETERMINATION OF A COMPENSATION PACKAGE. THE FINANCIAL ABILITY BY THE ORGANIZATION TO PAY AN APPROPRIATE WAGE AND COMPENSATION PACKAGE IS A MAJOR FACTOR IN DETERMINING THE PACKAGE. A WRITTEN ONE YEAR CONTRACT SIGNED BY THE KEY EMPLOYEE AND CEO IS UTILIZED EXPLAINING THE COMPENSATION PACKAGE. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION DOES NOT GENERALLY MAKE ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC. IF A REQUEST WOULD BE MADE, IT WOULD BE DECIDED ON AN INDIVIDUAL CASE BY CASE BASIS BY THE CEO OR CFO TO MAKE ANY OR ALL THE DOCUMENTS AVAILABLE FOR PUBLIC INSPECTION. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED GAINS ON INVESTMENTS: 919,265. ACTUARIAL CHANGE TO ANNUITY OBLIGATIONS -11,388. ACTUARIAL CHANGE TO PERPETUAL TRUST 81,291. ROUNDING ADJUSTMENT 1. TOTAL TO FORM 990, PART XI, LINE 5: 989,169.