2011-03-14T10:55:03-07:00 2010-05-31 TD&T FINANCIAL GROUP PC 317 HIGH AVE E OSKALOOSA IA 525772823 990 2009-06-01 420680332 IOWA WESLEYAN COLLEGE IOWA 3193856206 601 N MAIN STREET MT PLEASANT IA 52641 PHYLLIS WHITNEY 2011-03-14 Joseph B Ryan CPA 6416722523 2009 2016-02-24 21:20:13Z 24586241 false false X WWW.IWC.EDU X 1842 IA The mission of Iowa Wesleyan College is to prepare students to succeed in a changing global environment. Iowa Wesleyan is a four year liberal arts college providing quality individualized learning experiences that combine the development of the intellect with adaptive life skills. The college is affiliated with the United Methodist Church with which it shares a commitment to spiritual values, social justice and human welfare. 37 37 548 50 0 6142087 6794318 16711405 17500520 295950 232303 -1183 59100 23148259 24586241 5998242 6134020 0 7394496 7394462 0 465296 6846964 6759294 20239702 20287776 2908557 4298465 37318076 38525459 11956435 11499452 25361641 27026007 The mission of Iowa Wesleyan College is to prepare students to succeed in a changing global environment. Iowa Wesleyan is a four year liberal arts college providing quality individualized learning experiences that combine the development of the intellect with adaptive life skills. The college is affiliated with the United Methodist Church with which it shares a commitment to spiritual values, social justice and human welfare. false false 7113523 14172280 THE COLLEGE IS ACCREDITED AS A BACCALAUREATE INSTITUTION BY THE NORTH CENTRAL ASSOC. OF COLLEGES AND UNIVERSITIES. STUDENT PAYMENTS OF TUITION AND SERVICE FEES ARE USED TO PROVIDE THE HIGHEST POSSIBLE QUALITY EDUCATION AT THE LOWEST POSSIBLE COST. THE COLLEGE HAD 569 FULL-TIME STUDENTS ENROLLED IN THE SPRING 2010 SEMESTER. 6134020 6134020 SCHOLARSHIP PROGRAMS FOR SCHOLARSHIPS AND GRANTS TO 1,694 STUDENTS 2464276 201535 STUDENTS SERVICES, INCLUDING STUDENT DEVELOPMENT, ACADEMIC AND CAREER COUNCELING, INTERCOLLEGIATE ATHLETICS, FINANCIAL ASSISTANCE AND OTHER SERVICES, WAS PROVIDED TO 1,694 FULL AND PART TIME STUDENTS 1916252 3126705 17628071 true true false true 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 true true false false false false false false false false true 15 0 true 548 true false false false false false false false false true true false 0 false false false false false false false false 37 37 false false false false false false false true true true false false true true true false true true true true false false X PHYLLIS WHITNEY 3193856206 601 N MAIN STREET MT PLEASANT IA 52641 WINIFRED THOMAS 1.00 X 0 0 0 WARREN LUDVIGSEN 50.00 X 43996 0 27543 W CHRISTINE RAUSCHER 1.00 X 0 0 0 VINCENT NACCARATO 1.00 X 0 0 0 STEVE HEDLUND 1.00 X 0 0 0 STEVE DIXON 40.00 X 66866 0 15897 ROBERT MILLER 1.00 X 0 0 0 RICHARD OBERMAN 1.00 X 0 0 0 RICHARD FERGUSON 1.00 X 0 0 0 RANDALL PERRY 1.00 X 0 0 0 PHYILLIS WHITNEY 50.00 X 40293 0 22120 NANCY ERICKSON 50.00 X 86409 0 17595 MICHAEL MORGAN 1.00 X 0 0 0 MARY ELGAR 1.00 X 0 0 0 LORI WILLIAMS-WRIGHT 1.00 X 0 0 0 KENT SWAIM 1.00 X 0 0 0 KENNETH ROYAR 1.00 X 0 0 0 KATHY NELLOR 1.00 X 0 0 0 JOY ANDERSON 1.00 X 0 0 0 JOHN CAVANAH 1.00 X 0 0 0 JOHN BADGER 1.00 X 0 0 0 JOANNA WENDEL 1.00 X 0 0 0 JERRY COURTNEY 1.00 X 0 0 0 JAY K SIMMONS 50.00 X 154307 0 42814 JAMES PEDRICK 1.00 X 0 0 0 JD SCHIMMELPFENNIG 1.00 X 0 0 0 HUGH STAFFORD 1.00 X 0 0 0 GARY SHAW 1.00 X 0 0 0 DONALD FREY 50.00 X 44063 0 21413 DON WILEY 1.00 X 0 0 0 DENNIS STORY 40.00 X 91092 0 36039 DAVID STANLEY 1.00 X 0 0 0 DAVID MCCOID 1.00 X 0 0 0 CHARLES ESPY JR 1.00 X 0 0 0 CAROL NEMITZ 40.00 X 20000 0 0 BYRON JOHNSON 5.00 X 0 0 0 A LOWELL DOUD 1.00 X 0 0 0 547026 183421 1 false true false SODEXHO AMERICA 601 N MAIN MT PLEASANT IA 52641 FOOD SERVICE 876795 PREMIER COMMUNICATIONS 117 Rivers Edge Dr Savannah GA 31406 PROMOTIONAL MAILINGS 172501 NATIONAL MANAGEMENT RESOURCES PO BOX 1224 LAGRANGR GA 30241 MAINTENANCE 684301 GLAHI TRUST 200 S WACKER SUITE 1000 CHICAGO IL 60606 INSURANCE 685876 BSW 1605 E MONROE MT PLEASANT IA 52641 CHAPEL CONSTRUCTION 773566 7 103140 6691178 4131394 6794318 TUITION AND FEES 14172280 14172280 ROOM & BOARD 2721185 2721185 MISC FEES 124273 124273 FINANCE CHARGE 77262 77262 BOOKSTORE 405520 405520 17500520 232303 232303 0 0 59100 59100 59100 59100 0 0 0 0 0 24586241 14172280 3619643 0 6134020 6134020 0 0 730447 104004 427773 198670 0 5126664 4464886 530975 130803 287053 252107 26839 8107 794440 686054 95025 13361 455858 327745 107151 20962 0 2125 2125 44525 44525 0 0 0 14808 4022 10786 41397 38161 2851 385 0 0 0 2051004 1906747 124897 19360 251063 218234 23931 8898 0 25790 18304 6822 664 521653 479921 36516 5216 0 1008155 927503 70571 10081 0 SUPPLIES 481263 427660 49756 3847 INSURANCE 221895 4564 217331 FOOD SERVICE CONTRACT 846012 846012 COST OF TEXTBOOKS SOLD 225084 225084 CONTRACTED SERVICES 269722 184855 84867 754798 378188 331668 44942 20287776 17628071 2194409 465296 2150 2485 2234956 2832439 2974393 217225 271507 277121 0 0 557971 538893 0 668968 559230 35744199 13980679 16358922 21763520 6445452 7821808 1500000 0 0 7803757 3012738 37318076 38525459 1627159 1404130 170392 149822 242361 409290 5460000 5365000 4035030 3803926 421493 367284 11956435 11499452 X 13369287 14940136 569817 163858 11422537 11922013 25361641 27026007 37318076 38525459 X false true true X true true X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false false false false false false false true 871 false false false 871 false false X X X false 9600145 340197 925705 185677 10680370 10883670 1395787 -2443019 236293 9600145 1.00000 true false false 363027 363027 65438 26431386 7557358 18939466 774492 507790 266702 7334361 5350279 1984082 775495 565252 210243 21763520 UNAMORTIZED LOAN COSTS 182748 CONSTRUCTION IN PROGRESS BENEFICIAL INTEREST IN PERPETUAL TR 1789242 3012738 STUDENT DEPOSITS 39470 ANNUITY OBLIGATIONS 327814 367284 24586241 20287776 4298465 629024 -316861 -2965187 -2653024 1645441 16408699 629024 205989 376869 1211882 15196817 9389424 9389424 24586241 14427478 205989 205989 14221489 6066287 6066287 20287776 Part XIII, Line 4b Part XIII, Line 4b: Other revenue amounts included on 990 but not included in F/S SCH AND GRANTS NETTED REVENUES $6047362 OTHER ADJUSTMENTS $18925 Part XII, Line 4b Part XII, Line 4b: Other revenue amounts included on 990 but not included in F/S SCH AND GRANTS NETTED REVENUE $6047362 OTHER CHANGES $6 COLLECTION OF PRIOR YEARS PLEDGES $3342056 Part XII, Line 2d Part XII, Line 2d: Other revenue amounts included in F/S but not included on form 990 CHANGE IN SPLIT INT AGREEMENTS $159619 CURRENT YEARS PLEDGE RECEIVABLE $217250 Part XI, Line 8 Part XI, Line 8: Other Changes in Net Assets or Fund Balances CHANGE IN SPLIT INT AGREEMENTS $159619 CURRENT YEARS PLEDGES $217250 PRIOR YEAR PLEDGE REVENUE $ -3342056 Part V, Line 4 Part V, Line 4: Intended uses of the endowment fund. ENDOWMENT FUNDS ARE INVESTED AND THE REVENUE OF SUCH IS USED PRIMARILY TO FUND GRANTS AND SCHOLARSHIPS TO QUALIFIED STUDENTS OF THE COLLEGE. Part III, Line 4 Part III, Line 4: Description of organization's collections and how it furthers its purpose. THE COLLEGE'S FINE ART COLLECTION INCLUDING DRAWINGS, PAINTINGS, FURNITURE AND SCULPTURES THAT ARE MAINTAINED FOR PURPOSES OF SCHOLARLY RESEARCH, PUBLIC EXHIBITS AND PRESERVATION FOR FUTURE GENERATIONS. Part III, Line 1a Part III, Line 1a: If organization elected under SFAS 116 to not report are, historical treasures, o THE COLLEGE DOES NOT HAVE A FOOTNOTE TO THE FINANCIAL STATEMENTS THAT DESCRIBES THE ACCOUNTING FOR THE THE WORKS OF ART, HISTORICAL TREASURES, ETC. HELD FOR PUBLIC EXHIBITION, EDUCATION OR RESEARCH. true true true NONDISCRIMINATION POLICY NOTED IN ALL PUBLIC ADVERTISING, COLLEGE CATALOGS AND FINANCIAL AID LITERATURE true true true true false false false false false false false false true false true true X 0 0 OTHER GRANTS AND SCHOLARSHIPS 36 71356 BOOK INSTITUTION SCHOLARSHIPS AND GRANTS 678 5976006 BOOK FEDERAL SUPPLEMENTAL EDUC OPPOR GRANTS 234 86658 BOOK Grantmaker's Description of How Grants are Used THE COLLEGE HAS A FINANCIAL AID DEPARTMENT WHOSE STAFF IS TRAINED AND CONTINUOUSLY EDUCATED REGARDING FEDERAL FINANCIAL AID RULES AND REGULATIONS. THE STAFF OF THE COLLEGE DETERMINES THE FINANCIAL NEED OF THE STUDENT AND DETERMINES THE AMOUNT OF FINANCIAL ASSISTANCE THAT CAN BE AWARDED TO THE STUDENT BASED ON FEDERAL RULES AND REGULATIONS. THE FINANCIAL AID STAFF ALSO AWARDS GRANTS AND SCHOLARSHIPS BASED ON ENDOWED GIFTS THAT COMPLY WITH THE TERMS OF THE ENDOWED GIFTS. X true true X X X X false false false false false false false false false false JAY K SIMMONS 154307 28750 14064 197121 Sch J, Part I, Line 1a Part I, Line 1a: Relevant information in regards to selections on 1a. Housing allowance is paid to an employee of the College. The amount paid is then added to the W-2 of the employee. IOWA HIGHER EDUCATION LOAN AUTHORITY 421235696 462460LJ3 2006-05-01 5750000 FINANCE CAMPUS IMPROVEMENTS AND ADVANCE REFUNDING false false 5750000 373672 3780000 210000 1386328 false true true false false false false false true false false false false false false true DON WILEY MINORITY INTEREST 773566 CONSTRUCTION COSTS false X 12 4131394 FAIR VALUE false false true Part I, Line 32, Hire and Use of Third Parties THE COLLEGE USES AN INDEPENDENT BROKER TO SELL SECURITIES RECEIVED AS A NONCASH CONTRIBUTION. Form 990, Part VI, Line 19 Form 990, Part VI, Line 19: Other Organization Documents Publicly Available The documents are provided to the Board and available to anyone else upon request. Form 990, Part VI, Line 15b Form 990, Part VI, Line 15b: Compensation Review and Approval Process for Officers and Key Employees Salaries are determined by comparisons with appropriate benchmarking surveys and available resources. Form 990, Part VI, Line 9 Form 990, Part VI, Line 9: Officer, Director, Trustee, Key Employee Mailing Address THE COLLEGE MAINTAINS A LIST OF CURRENT ADDRESSES AND TELEPHONE NUMBERS FOR EACH TRUSTEE. ALL MEMBERS OF THE BOARD CAN BE REACHED FROM THIS LIST. Form 990, Part VI, Line 11 Form 990, Part VI, Line 11: Form 990 Review Process THE 990 IS REVIEWED BY THE AUDIT COMMITTEE AND KEY DATA IS CONVEYED TO ALL OTHER BOARD MEMBERS. ANY BOARD MEMBER MAY REQUEST A COPY OF THE 990 AT ANY TIME. Form 990, Part III, Line 4d Form 990, Part III, Line 4d : Other Program Services Description OTHER PROGRAM SERVICES 4: STUDENTS SERVICES, INCLUDING STUDENT DEVELOPMENT, ACADEMIC AND CAREER COUNCELING, INTERCOLLEGIATE ATHLETICS, FINANCIAL ASSISTANCE AND OTHER SERVICES, WAS PROVIDED TO 1,694 FULL AND PART TIME STUDENTS