Civic Intelligence

William Penn University

990 • Fiscal year 2017 • EIN 42-0707120

Jul 01, 2016 to Jun 30, 2017 • Filed on May 15, 2018

201 Trueblood AveOskaloosa, IA 52577

(641) 673-1001

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

81st percentile

0.71x

Higher debt load relative to assets than 81% of similar nonprofits.

2017 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2017

Liabilities / Revenue

80th percentile

1.56x

Higher debt load relative to revenue than 80% of similar nonprofits.

2017 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2017

Net Margin

35th percentile

0.0%

Higher net margin than 35% of similar nonprofits.

2017 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2017

Top Officer Pay

20th percentile

$191,461

Higher top officer pay than 20% of similar nonprofits.

Top officer pay equals 0.5% of source-year revenue.

2017 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2017

Asset Growth

27th percentile

0.5%

Faster asset growth than 27% of similar nonprofits.

2017 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2016 to 2017

Revenue Growth

14th percentile

-10%

Faster revenue growth than 14% of similar nonprofits.

2017 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2016 to 2017

Assets

Up

$78,768,416

Up $429,290 (+0.5%) from 2016

Net Assets

Up

$22,543,420

Up $354,838 (+1.6%) from 2016

Liabilities

Up

$56,224,996

Up $74,452 (+0.1%) from 2016

Revenue

Down

$36,015,386

Down $4,049,496 (-10%) from 2016

Expenses

Down

$36,011,842

Down $3,404,755 (-8.6%) from 2016

Net Income

Down

$3,544

Down $644,741 (-99%) from 2016

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$100M$50M$0Assets 2010: $58,626,219Liabilities 2010: $44,682,925Net Assets 2010: $13,943,2942010Assets 2011: $63,774,866Liabilities 2011: $47,690,335Net Assets 2011: $16,084,5312011Assets 2012: $65,667,736Liabilities 2012: $46,728,792Net Assets 2012: $18,938,9442012Assets 2013: $66,758,149Liabilities 2013: $46,339,574Net Assets 2013: $20,418,5752013Assets 2014: $66,921,122Liabilities 2014: $46,098,798Net Assets 2014: $20,822,3242014Assets 2015: $77,904,586Liabilities 2015: $56,598,784Net Assets 2015: $21,305,8022015Assets 2016: $78,339,126Liabilities 2016: $56,150,544Net Assets 2016: $22,188,5822016Assets 2017: $78,768,416Liabilities 2017: $56,224,996Net Assets 2017: $22,543,4202017Assets 2018: $77,434,582Liabilities 2018: $54,587,500Net Assets 2018: $22,847,0822018Assets 2019: $76,454,511Liabilities 2019: $52,014,756Net Assets 2019: $24,439,7552019Assets 2020: $76,786,240Liabilities 2020: $50,995,970Net Assets 2020: $25,790,2702020Assets 2021: $77,652,968Liabilities 2021: $46,958,688Net Assets 2021: $30,694,2802021Assets 2022: $78,771,952Liabilities 2022: $46,945,086Net Assets 2022: $31,826,8662022Assets 2023: $82,522,880Liabilities 2023: $47,255,280Net Assets 2023: $35,267,6002023Assets 2024: $84,983,218Liabilities 2024: $46,202,789Net Assets 2024: $38,780,4292024

Highlighted filing

2017

Assets$78,768,416
Liabilities$56,224,996
Net Assets$22,543,420

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$60M$40M$20M$0-$20MExpenses 2010: $32,616,1122010Expenses 2011: $33,687,8052011Expenses 2012: $37,384,2052012Expenses 2013: $38,066,8352013Revenue 2014: $39,759,774Expenses 2014: $39,832,565Net Income 2014: -$72,7912014Revenue 2015: $39,145,139Expenses 2015: $39,269,612Net Income 2015: -$124,4732015Revenue 2016: $40,064,882Expenses 2016: $39,416,597Net Income 2016: $648,2852016Revenue 2017: $36,015,386Expenses 2017: $36,011,842Net Income 2017: $3,5442017Revenue 2018: $37,124,395Expenses 2018: $36,854,156Net Income 2018: $270,2392018Revenue 2019: $38,827,623Expenses 2019: $37,083,308Net Income 2019: $1,744,3152019Revenue 2020: $40,090,210Expenses 2020: $38,687,396Net Income 2020: $1,402,8142020Revenue 2021: $45,471,214Expenses 2021: $41,352,922Net Income 2021: $4,118,2922021Revenue 2022: $45,582,134Expenses 2022: $43,858,725Net Income 2022: $1,723,4092022Revenue 2023: $51,668,305Expenses 2023: $48,331,876Net Income 2023: $3,336,4292023Revenue 2024: $51,277,637Expenses 2024: $51,517,863Net Income 2024: -$240,2262024

Highlighted filing

2017

Revenue$36,015,386
Expenses$36,011,842
Net Income$3,544
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
May 15, 2018
Return Version
2016v3.1
Gross Receipts
$36,170,632
Mission and Program Overview

Mission

William penn university provides the opportunity for an educational experience with a focus on leadership, technology, and the quaker principles of simplicity, peace-making, intergrity, community and equality.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$52,961,650$52,487,460▼ $474,190
Other Notes and Loans Receivable, Net$3,348,501$3,715,839▲ $367,338
Pledges and Grants Receivable$1,983,648$2,565,968▲ $582,320
Investments in Publicly Traded Securities$1,806,164$2,064,294▲ $258,130
Loans From Officers Directors-$1,730,000-
Prepaid Expenses and Deferred Charges$999,308$968,230▼ $31,078
Accounts Receivable$1,124,438$949,487▼ $174,951
Cash and Non-Interest-Bearing Accounts$628,645$700,936▲ $72,291
Investments Other Securities$410,000$410,000→ $0
Total Assets$78,339,126$78,768,416▲ $429,290
Other Assets Total$15,076,772$14,906,202▼ $170,570
Liabilities
Mortgage Notes Payable Secured by Investment Property$50,432,813$48,773,975▼ $1,658,838
Accounts Payable and Accrued Expenses$3,220,201$3,138,674▼ $81,527
Other Liabilities$1,552,785$1,573,660▲ $20,875
Deferred Revenue$920,545$984,487▲ $63,942
Unsecured Notes Loans Payable$24,200$24,200→ $0
Total Liabilities$56,150,544$56,224,996▲ $74,452
Net Assets / Fund Balance
Temporarily Rstr Net Assets$10,326,934$10,103,850▼ $223,084
Permanently Rstr Net Assets$7,579,671$7,640,825▲ $61,154
Unrestricted Net Assets$4,281,977$4,798,745▲ $516,768
Total Net Assets Fund Balance$22,188,582$22,543,420▲ $354,838
Total Liabilities and Net Assets / Fund Balance$78,339,126$78,768,416▲ $429,290

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$48,448,742$13,669,483$62,118,225
Equipment$2,707,012$13,889,360$16,596,372
Land$1,331,706-$1,242,751
Other Assets Org$13,081--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2016$6,146,187$48,506▲ $277,152$189,838$6,282,007
2015$6,389,818$114,878▲ $144,869$213,640$6,146,187
2014$6,105,023$105,174▲ $438,077$258,456$6,389,818
2013$6,054,403$51,496▲ $314,311$315,187$6,105,023
2012$5,959,108$228,435▲ $212,149$345,289$6,054,403
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
John OttossonPresidentFT$175,874$15,587$191,461
Bonnie L JohnsonVP of FinancFT$128,683$15,816$144,499
Noel StahleVP of AcademFT$115,806$9,413$125,219
Angella Durian-gambellSecretary-$48,505$15,576$64,081

Highest Paid Contractors

ContractorServicesLocationCompensation
Sodexo ServicesFood Service4880 PAYSPHERE CIRCLE, Chicago, IL 60674$1,346,463
Mg Masonry INCMasonry Work107 N TAYLOR ST, Monroe, IA 50170$110,360
Revenue and Support

Revenue Composition

Contributions and Grants
$5,935,296
Program Service Revenue
$30,147,627
Investment Income
$7,936
Other Revenue
$-75,473
All Other Contributions
$5,400,358
Change in Net Assets
$3,544

Audited Revenue Reconciliation

Revenue per Audited Statements
$21,734,468
Revenue Not Reported on Financial Statements
$14,280,918
Revenue Not Reported on Form 990
$765,665
Other Revenue Adjustments
$14,280,918
Total Revenue per Audited Statements
$22,500,133
Total Revenue per Form 990
$36,015,386
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$14,252,688
Salaries, Compensation, and Employee Benefits$11,052,170
Other Expenses$10,706,984
Total Fundraising Expense$646,896
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$14,252,688--$14,252,688
Other Salaries and Wages$7,484,471$846,722$242,945$8,574,138
Interest$1,546,958$51,217$16,143$1,614,318
Depreciation Depletion$1,452,638$45,395$15,132$1,513,165
Other Employee Benefits$441,943$678,467$146,184$1,266,594
All Other Expenses$773,864$152,624$37,615$964,103
Occupancy$872,817$50,800$9,092$932,709
Payroll Taxes$210,407$343,428$69,598$623,433
Other Expenses$124,705$429,540$12,768$567,013
Travel$457,045$49,818$21,817$528,680
Fees for Services Other$432,349$80,912-$513,261
Insurance$447,187--$447,187
Current Officers, Directors, Trustees, and Key Employees-$403,989-$403,989
Advertising$26,826$275,776-$302,602
Pension Plan Contributions$65,151$97,315$21,550$184,016
Fees for Services Accounting-$83,585-$83,585
Office Expenses$45,230$13,241$5,045$63,516
Fees for Services Legal-$11,559-$11,559
Conferences and Meetings$2,670--$2,670
Total Functional Expenses$30,846,710$4,518,236$646,896$36,011,842

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$36,011,842
Total Expenses per Audited Statements$22,145,288
Expenses per Audited Statements$21,800,957
Expenses Not Reported on Financial Statements$14,210,885
Other Expense Adjustments$14,210,885
Expenses Not Reported on Form 990$344,331
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
Yes
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Mahaska Comm Group McgSee Part VPhone, InternetNo$161,187

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees-$1,730,000-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
US Government Grants Refundable$1,573,660
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 2

Joe crookham chris hyland vice chair trustee business relationship

Form 990, Page 6, Part VI, Line 11B

Copy of form 990 was reviewed by the finance committee.

Form 990, Page 6, Part VI, Line 12C

Every board member, administrator, or person who has control over a budget, completes a conflict of interest form. They are reviewed by the finance committee of the board of trustees.

Form 990, Page 6, Part VI, Line 15A

The organization used comparable data to determine the amount of executive compensation for the president and other officers and top management.

Form 990, Page 6, Part VI, Line 15B

The organization used comparable data to determine the amount of executive compensation for the president and other officers and top management.

Form 990, Page 6, Part VI, Line 19

Articles of incorporation and by-laws are available upon request to the business office of the organization.

Filing and Contact Details

Filer

Filer Name
William Penn University
EIN
42-0707120
Phone
6416731001
Address
201 TRUEBLOOD AVE, OSKALOOSA, IA 52577

Signing Officer

Name
Bonnie L Johnson
Title
VP of Finance
Phone
6416731001
Signed
2018-05-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
John Ottosson
Formed
1873
Legal Domicile
Ia
Voting Board Members
21
Independent Board Members
19
Employees
842
Volunteers
50

Preparer

Firm
Td&t Cpas and Advisors Pc
Address
317 HIGH AVE E, OSKALOOSA, IA 52577-2823
Preparer
Darcee M Ayers CPA
Phone
6416722523
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9

Loss from wholly owned subsidiary -70,033

Financial Statement Notes

Schedule D, Page 2, Part III, Line 4

The university maintains a collection of middle east artifacts and a replica of the jing yung bell for purposes of public exhibit and research.

Schedule D, Page 2, Part V, Line 4

Endowment funds consist of approxiamtely 108 individual funds established for scholarships, grants and unrestricted purposes for the university. Only revenue earned by the portfolio of investments can be used for the intended purpose.

Schedule D, Page 3, Part X

The university has a tax determination letter from the internal revenue service stating it qualifies under the provision of section 501(c)(3) of the internal revenue code and is exempt from federal income taxes. As such, the university is subject to federal income taxes only on any net unrelated business income under the provisions of section 511 of the internal revenue code. The university follows the accounting standards for contingencies in evaluating uncertain tax positions. This guidance prescribes recognition threshold principles for the financial statement recognition of tax positions taken or expected to be taken on a tax return that are not certain to be realized. No liability has been recognized by the university for uncertain tax positions as of june 30, 2017 and 2016. The university is subject to routine audits by taxing jurisdictions; however, there are currently no audits for any tax periods in progress.

Schedule D, Page 4, Part XI, Line 2D

Rental expenses 155,246 fundraising expenses 0

Schedule D, Page 4, Part XI, Line 4B

Schoarlships and grants 14,253,088 bowling center loss 70,033 grouping differences -42,203

Schedule D, Page 4, Part XII, Line 2D

Rental expenses 155,246 fundraising expenses 0 loss on interest rate swap -7

Schedule D, Page 4, Part XII, Line 4B

Scholarships and grants 14,253,088 grouping differences -42,203

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IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE CHAIRMA
IRS990/Form990PartVIISectionAGrp/TitleTxt2TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt3TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt4SECRETARY
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IRS990/Form990PartVIISectionAGrp/TitleTxt6TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt7TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt8TRUSTEE
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IRS990/Form990PartVIISectionAGrp/TitleTxt10TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt11TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt12TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt13TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt14PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt15TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt16TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt17TRUSTEE
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IRS990/Form990PartVIISectionAGrp/TitleTxt19TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt20TRUSTEE
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IRS990/Form990PartVIISectionAGrp/TitleTxt22VP OF FINANC
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IRS990/MissionDesc0WILLIAM PENN UNIVERSITY PROVIDES THE OPPORTUNITY FOR AN EDUCATIONAL EXPERIENCE WITH A FOCUS ON LEADERSHIP, TECHNOLOGY, AND THE QUAKER PRINCIPLES OF SIMPLICITY, PEACE-MAKING, INTERGRITY, COMMUNITY AND EQUALITY.
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IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0968230
IRS990/PrincipalOfficerNm0JOHN OTTOSSON

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$85.0$46.2$38.8$51.3$51.5$0.24
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$82.5$47.3$35.3$51.7$48.3$3.34
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$78.8$46.9$31.8$45.6$43.9$1.72
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$77.7$47.0$30.7$45.5$41.4$4.12
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$76.8$51.0$25.8$40.1$38.7$1.40
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$76.5$52.0$24.4$38.8$37.1$1.74
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$77.4$54.6$22.8$37.1$36.9$0.27
2017Detailed filing. Detailed filing data is available for this year.$78.8$56.2$22.5$36.0$36.0$0.00
2016Detailed filing. Detailed filing data is available for this year.$78.3$56.2$22.2$40.1$39.4$0.65
2015Detailed filing. Detailed filing data is available for this year.$77.9$56.6$21.3$39.1$39.3$0.12
2014XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$66.9$46.1$20.8$39.8$39.8$0.07
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$66.8$46.3$20.4$38.1
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$65.7$46.7$18.9$37.4
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$63.8$47.7$16.1$33.7
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$58.6$44.7$13.9$32.6
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2017 filings • 501(c)3 • $50M-$100M nonprofits