2026-04-06T13:41:44-05:00 2025-05-31 273858252 DEAN DORTON ALLEN FORD PLLC 435 N WHITTINGTON PKWY STE 400 LOUISVILLE KY 40222 990 2024-06-01 610466713 KENTUCKY WESLEYAN COLLEGE KENT 2708523111 3000 FREDERICA STREET OWENSBORO KY 42301 STEPHANIE SNYDER CONTROLLER 2708523111 2026-03-31 1 0 AMELIA SEBASTIAN P01251828 5025896050 2024 2025-03-06 01:10:19Z STEPHANIE SNYDER 3000 FREDERICA STREET OWENSBORO KY 42301 51557044 0 X WWW.KWC.EDU X 1858 KY FOSTER A LIBERAL ARTS EDUCATION THAT NOURISHES, STIMULATES AND PREPARES FUTURE LEADERS INTELLECTUALLY, SPIRITUALLY AND PHYSICALLY TO ACHIEVE SUCCESS IN LIFE 25 25 494 33 0 0 2949033 4306167 28292208 30021757 2422311 4341470 74561 101249 33738113 38770643 13670724 15043088 0 0 10198031 10004235 0 0 745459 11952428 11453935 35821183 36501258 -2083070 2269385 66204925 65756508 19644020 16513630 46560905 49242878 FOSTER A LIBERAL ARTS EDUCATION THAT NOURISHES, STIMULATES AND PREPARES FUTURE LEADERS INTELLECTUALLY, SPIRITUALLY AND PHYSICALLY TO ACHIEVE SUCCESS IN LIFE 0 0 31320809 15043088 30021757 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. 31320809 1 1 0 0 0 0 0 0 0 1 1 0 0 1 1 0 1 0 1 0 1 0 0 0 1 0 0 0 1 1 0 0 0 1 0 1 0 0 1 0 0 0 0 1 0 0 0 1 62 0 1 494 1 0 0 0 0 0 0 0 0 0 0 0 0 X 25 25 1 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 0 1 1 0 KY X STEPHANIE SNYDER 2708523111 3000 FREDERICA ST OWENSBORO KY 42301 FRED WRIGHT TRUSTEE/CHAIR 1.00 X 0 0 0 KEITH SHARBER TRUSTEE/ VICE CHAIR 1.00 X 0 0 0 DEBORAH CARTER DEARING TRUSTEE/SECRETARY 1.00 X 0 0 0 STEVE DEVINE TRUSTEE/TREASURER 1.00 X 0 0 0 SHERRY M FELDPAUSCH TRUSTEE/IMMEDIATE PAST CHA 1.00 X 0 0 0 CATHY MEEKS BISHOP TRUSTEE 1.00 X 0 0 0 REV DALE CARDEN TRUSTEE 1.00 X 0 0 0 DR BC CHILDRESS TRUSTEE 1.00 X 0 0 0 NOEL CLAYTON TRUSTEE 1.00 X 0 0 0 REV MARK DICKINSON TRUSTEE 1.00 X 0 0 0 REV MARK GIBBONS TRUSTEE 1.00 X 0 0 0 REV TOM GRIEB TRUSTEE 1.00 X 0 0 0 JAMES J GRIFFIN TRUSTEE 1.00 X 0 0 0 D TALMAGE HOCKER TRUSTEE 1.00 X 0 0 0 JAY IVEY TRUSTEE 1.00 X 0 0 0 THOMAS C MAJOR TRUSTEE 1.00 X 0 0 0 MARK MARSH TRUSTEE 1.00 X 0 0 0 DONNA MEADOR TRUSTEE 1.00 X 0 0 0 GREG RISCH TRUSTEE 1.00 X 0 0 0 DR CHARLES SCHERTZINGER TRUSTEE 1.00 X 0 0 0 DR CATHERINE SHERRARD TRUSTEE 1.00 X 0 0 0 REV JAY F SMITH TRUSTEE 1.00 X 0 0 0 REV KEITH SWITZER TRUSTEE 1.00 X 0 0 0 SAM TAYLOR TRUSTEE 1.00 X 0 0 0 HEATH WILLIAMS TRUSTEE 1.00 X 0 0 0 TOM MITZEL PRESIDENT (END 8/24)/CONSULTANT (END 12/24) 40.00 X 181292 0 23776 EDMOND KENNY V.P. OF ADVANCEMENT (END 5/25) 40.00 X 111167 0 21391 MATTHEW RUARK ASST. V.P. OF ENROLLMENT MGT 40.00 X 81027 0 6661 DAN FRAZIER V.P. OF FINANCE (END 12/24) 40.00 X 162704 0 23189 SCOTT E KRAMER V.P. OF EXECUTIVE INITIATI 40.00 X 102628 0 3597 MORGAN RUSSELBURG V.P. OF STUDENT AFFAIRS (START 9/24) 40.00 X 74159 0 2600 MARK SHOOK V.P. OF ATHLETICS (END 4/25) 40.00 X 94646 0 20811 JAMES COUSINS V.P. AAD (END 8/24)/PRESIDENT (START 9/24) 40.00 X 174797 0 23572 STEPHEN GERMIC PROVOST/SR. V.P. OF ACADEMIC AFFAIRS (END 9/24) 40.00 X 47916 0 3313 STEPHANIE SNYDER INTERIM V.P. OF FINANCE (START 1/25) 40.00 X 93924 0 2964 SHAWN TOMES V.P. OF MISSION AND CULTURE (END 6/24) 40.00 X 43979 0 1393 REBECCA MCQUEEN-RUARK V.P. OF STUDENT SERVICES (END 6/24) 40.00 X 47665 0 9529 LINDSEY CROWE DIRECTOR OF ONLINE LEARNING 40.00 X 75624 0 9395 LINDA KELLER DIRECTOR OF HR 40.00 X 105280 0 20752 1396808 0 172943 6 0 1 0 ALADDIN FOOD MANAGEMENT SERVICES 16567 COLLECTIONS CENTER DRIVE CHICAGO IL 60693 FOOD SERVICE CONTRACTOR 1681418 MILLER TRANSPORTATION 111 OUTER LOOP LOUISVILLE KY 40214 TRAVEL BUS TRANSPORTATION 284093 US LAWNS - OWENSBORO KY PO BOX 224 UTICA KY 42376 LAWN SERVICES 262188 BUSINESS COMMUNICATIONS SOLUTIONS 1708 NORTH SPRING STREET EVANSVILLE IN 47711 SECURITY SERVICES 160275 NIGHTHAWK SECURITY 2965 LOST LAKE COVE OWENSBORO KY 42303 SECURITY SERVICES 120218 8 233369 4072798 147684 4306167 TUITION AND FEES 611600 24627680 24627680 AUXILIARY INCOME 611710 5394077 5394077 30021757 898175 898175 1419 1419 70148 0 70148 70148 70148 13265159 2952033 11633916 1139981 1631243 1812052 3443295 3443295 42186 12504 29682 29682 38770643 30021757 0 4442719 15043088 15043088 1184429 1073026 111403 6760449 4806691 1560325 393433 201898 116571 70710 14617 1285341 861986 335170 88185 572118 346552 189571 35995 247770 223984 21804 1982 27401 27401 120039 120039 138203 124935 12162 1106 374069 338158 32918 2993 486632 439915 42824 3893 897479 811321 78978 7180 1979753 1789697 174218 15838 484215 296824 156401 30990 366697 331494 32269 2934 661715 598190 58231 5294 1413041 1277392 124348 11301 601746 543978 52954 4814 ATHLETICS 1380927 1380927 0 0 UTILITIES 800729 723859 70464 6406 OTHER EXPENSES 761500 688393 67012 6095 INSTRUCTIONAL 463909 463909 0 0 248110 112945 134165 1000 36501258 31320809 4434990 745459 79506 58878 2384347 916202 519994 707007 648790 549918 1500 1917 353979 237579 46478482 26554654 21472888 19923828 34175982 34446692 6567939 8914487 66204925 65756508 1351481 1474635 15449745 12520433 2842794 2518562 19644020 16513630 X 6861616 8595626 39699289 40647252 46560905 49242878 66204925 65756508 X 2269385 426073 -13485 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 37590851 1380273 2742201 2572765 717114 38423446 35846906 205339 5461947 3107975 815366 37590851 38714749 255552 -1100823 1685477 337095 35846906 42146419 965956 -2533687 1553282 310657 38714749 35359065 566732 9008256 1787634 1000000 42146419 0.00000 1.00000 0.00000 1 0 100417 100417 19834005 10583878 9250127 17675109 8401301 9273808 8719041 7569475 1149566 149910 149910 19923828 FUNDS HELD IN TRUST BY OTHERS 4015395 CASH SURRENDER VALUE OF LIFE INSURANCE 544124 OPERATING LEASE RIGHT-OF-USE ASSETS 2014700 INSURANCE RECEIVABLE 2340268 8914487 DEPOSITS & AGENCY FUNDS 68654 ANNUITIES PAYABLE 79654 ASSET RETIREMENT OBLIGATION 222454 POSTRETIREMENT BENEFIT LIABILITIES 133100 OPERATING LEASE LIABILITIES 2014700 2518562 24140143 426073 -13485 412588 23727555 15043088 15043088 38770643 21458170 0 21458170 15043088 15043088 36501258 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 CONTRIBUTION 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 GOALS. PART XI, LINE 2D - OTHER ADJUSTMENTS: PRESENT VALUE ADJUSTMENTS ON ANNUITIES -13,485. PART XI, LINE 4B - OTHER ADJUSTMENTS: STUDENT AID DISCOUNTS 15,043,088. PART XII, LINE 4B - OTHER ADJUSTMENTS: STUDENT AID DISCOUNTS 15,043,088. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 CATALOG AND SOLICITATION MATERIAL HAVE STATEMENTS REGARDING NONDISCRIMINATION. SCHEDULE E, PART I, LINE 6 THE ORGANIZATION RECEIVES FINANCIAL AID FROM THE U.S. DEPARTMENT OF EDUCATION. EAST ASIA AND THE PACIFIC - AUSTRALIA, BRUNEI, BURMA, CAMBODIA, 0 0 PROGRAM SERVICES EDUCATION PROGRAMS 4000 EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM 0 0 PROGRAM SERVICES EDUCATIONAL PROGRAMS 26500 CENTRAL AMERICA AND THE CARIBBEAN 0 0 PROGRAM SERVICES EDUCATIONAL PROGRAMS 12500 0 0 0 0 0 0 43000 0 43000 0 0 0 0 0 0 PART I, LINE 2: GRANTS AND OTHER ASSISTANCE OUTSIDE OF THE UNITED STATES ARE MONITORED BY THE BUSINESS AND FINANCIAL AID OFFICES WITH INFORMATION SUPPLIED BY THE STUDY ABROAD OFFICE. THE FINANCIAL AID OFFICE AWARDS THE GRANTS/SCHOLARSHIPS TO THOSE STUDENTS WITH FINANCIAL NEED AND ACADEMIC MERIT THAT ARE STUDYING ABROAD. THE BUSINESS OFFICE MONITORS THE GRANTS/SCHOLARSHIPS BASED ON THE BALANCE AVAILABLE OF EACH GRANT/SCHOLARSHIP FUND THAT CAN BE GIVEN OUT. THE FINANCIAL AID AND BUSINESS OFFICE RECONCILE ALL GRANTS/SCHOLARSHIPS EACH SEMESTER TO VERIFY THAT THEY INDEED ARE CORRECT ON THE STUDENTS ACCOUNT AND IN THE GL SYSTEM. BASEBALL GOLF SCRAMBLE 22620 22620 740 6070 BASKETBALL CAR SHOW 19566 19566 3008 2686 42186 42186 3748 6070 2686 12504 29682 1 STUDENT AID DISCOUNTS 771 15043088 PART I, LINE 2: 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 INSTITUTION. 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. X X X 1 1 X X 0 0 0 0 0 0 0 0 0 TOM MITZEL PRESIDENT (END 8/24)/CONSULTANT (END 181292 0 0 0 0 0 5675 0 18101 0 205068 0 0 0 JAMES COUSINS V.P. AAD (END 8/24)/PRESIDENT (START 174797 0 0 0 0 0 5500 0 18072 0 198369 0 0 0 DAN FRAZIER V.P. OF FINANCE (END 12/24) 162704 0 0 0 0 0 5023 0 18166 0 185893 0 0 0 PART I, LINE 1A THE PRESIDENT OF THE INSTITUTION HAS A SPECIFIC CUSTODIAN FOR HIS HOME THAT CLEANS THE PRESIDENT'S HOME. THIS CUSTODIAN IS AN EMPLOYEE OF KENTUCKY WESLEYAN COLLEGE. IN ADDITION, THE COLLEGE PAYS MERRY MAIDS TO COMPLETE ADDITIONAL HOUSEKEEPING. TOTAL PAID IN FY25 WAS $4,300. SCOTT KRAMER OFFICER KWC LOAN FUND X 1000 500 0 0 1 MOLLY CHANCE STAFF KWC LOAN FUND X 1000 750 0 0 1 JAMES STANLEY STAFF KWC LOAN FUND X 1000 667 0 0 1 1917 THOMAS MAJOR TRUSTEE 33235 EMPLOYED BY HOUCHENS INDUSTRIES OF BOWLING GREEN VIA THEIR OWNERSHIP OF HOUCHENS INSURANCE GROUP. KWC PAYS INSURANCE TO HOUCHENS INSURANCE GROUP. 0 NOEL CLAYTON TRUSTEE 60450 DIRECTOR OF THE OWENSBORO FAMILY YMCA TRUST. KWC PAYS STUDENT MEMBERSHIPS TO THE OWENSBORO FAMILY YMCA EACH YEAR. 0 D TALMAGE HOCKER TRUSTEE 25000 FROM JANUARY 2025 TO MAY 2025, KWC ENGAGED THE HOCKER GROUP AS A CONSULTANT FOR PROPERTY DEVELOPMENT. 0 SCOTT KRAMER TRUSTEE 60450 SCOTT SERVES ON THE BOARD OF DIRECTORS AT THE LOCAL YMCA AND SERVES ON THE KWC PRESIDENT'S CABINET. 0 X 2 139314 COST X CARPET 1 3714 COST X FURNITURE 1 3656 COST X PAINT 1 1000 COST 0 0 0 FORM 990, PART VI, SECTION A, LINE 2 SAM TAYLOR, TRUSTEE, IS SPOUSE OF LEIGHA TAYLOR, KWC EMPLOYEE DIRECTOR OF DEVELOPMENT. FORM 990, PART VI, SECTION B, LINE 11B THE DIRECTOR OF ACCOUNTING AND THE CONTROLLER REVIEW THE DRAFT OF THE 990 BEFORE FILING THE FINAL 990 TAX RETURN. THE BOARD REVIEWS A PARTIAL COPY OF THE 990 - THE COPY THE BOARD REVIEWS DOES NOT CONTAIN SALARY INFORMATION OR DONOR INFORMATION. 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. THE CONFLICT OF INTEREST POLICY IS MONITORED AT LEAST ANNUALLY BY THE OFFICE OF PRESIDENT AND THOSE WITH A CONFLICT ARE RECUSED FROM ANY DISCUSSION AND VOTE. FORM 990, PART VI, SECTION B, LINE 15 LINE 15A, MANAGEMENT - 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'S PRESIDENTIAL REVIEW COMMITTEE. LINE 15B, KEY EMPLOYEES - 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. REVIEWS AND APPROVALS ARE CONDUCTED BY INDEPENDENT PERSONS. 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 AND AT THE DISCRETION OF THE BOARD OF DIRECTORS AND MANAGEMENT. FORM 990, PART XI, LINE 9: PRESENT VALUE ADJUSTMENT ON ANNUITIES -13,485. PART XII, LINE 2C: THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. CHARITABLE REMAINDER UNITRUST - 6 BENEFICIAL TRUST KY N/A T 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0