Civic Intelligence

William Penn University

990 • Fiscal year 2019 • EIN 42-0707120

Jul 01, 2018 to Jun 30, 2019 • Filed on Mar 23, 2020

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

0.68x

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

2019 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2019

Liabilities / Revenue

79th percentile

1.34x

Higher debt load relative to revenue than 79% of similar nonprofits.

2019 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2019

Net Margin

54th percentile

4.5%

Higher net margin than 54% of similar nonprofits.

2019 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2019

Top Officer Pay

20th percentile

$189,616

Higher top officer pay than 20% of similar nonprofits.

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

2019 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2019

Asset Growth

22nd percentile

-1.3%

Faster asset growth than 22% of similar nonprofits.

2019 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2018 to 2019

Revenue Growth

54th percentile

4.6%

Faster revenue growth than 54% of similar nonprofits.

2019 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2018 to 2019

Assets

Down

$76,454,511

Down $980,071 (-1.3%) from 2018

Net Assets

Up

$24,439,755

Up $1,592,673 (+7.0%) from 2018

Liabilities

Down

$52,014,756

Down $2,572,744 (-4.7%) from 2018

Revenue

Up

$38,827,623

Up $1,703,228 (+4.6%) from 2018

Expenses

Up

$37,083,308

Up $229,152 (+0.6%) from 2018

Net Income

Up

$1,744,315

Up $1,474,076 (+545%) from 2018

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

2019

Assets$76,454,511
Liabilities$52,014,756
Net Assets$24,439,755

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

2019

Revenue$38,827,623
Expenses$37,083,308
Net Income$1,744,315
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
Mar 23, 2020
Return Version
2018v3.2
Gross Receipts
$38,983,211
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$51,460,767$51,212,082▼ $248,685
Other Notes and Loans Receivable, Net$3,813,190$3,302,973▼ $510,217
Investments in Publicly Traded Securities$2,478,276$2,403,095▼ $75,181
Investments Other Securities$1,510,000$1,510,000→ $0
Cash and Non-Interest-Bearing Accounts$781,170$1,261,870▲ $480,700
Accounts Receivable$1,079,407$1,006,191▼ $73,216
Loans From Officers Directors$750,000--
Prepaid Expenses and Deferred Charges$430,213$397,308▼ $32,905
Pledges and Grants Receivable$402,828$28,995▼ $373,833
Total Assets$77,434,582$76,454,511▼ $980,071
Other Assets Total$15,478,731$15,331,997▼ $146,734
Liabilities
Mortgage Notes Payable Secured by Investment Property$47,572,276$46,013,796▼ $1,558,480
Accounts Payable and Accrued Expenses$3,819,883$3,610,128▼ $209,755
Other Liabilities$1,586,166$1,609,482▲ $23,316
Deferred Revenue$834,975$757,150▼ $77,825
Unsecured Notes Loans Payable$24,200$24,200→ $0
Total Liabilities$54,587,500$52,014,756▼ $2,572,744
Net Assets / Fund Balance
Temporarily Rstr Net Assets$9,483,644$9,254,418▼ $229,226
Unrestricted Net Assets$5,436,942$8,330,169▲ $2,893,227
Permanently Rstr Net Assets$7,926,496$6,855,168▼ $1,071,328
Total Net Assets Fund Balance$22,847,082$24,439,755▲ $1,592,673
Total Liabilities and Net Assets / Fund Balance$77,434,582$76,454,511▼ $980,071

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$47,482,843$15,843,327$63,326,170
Equipment$2,486,488$14,853,690$17,340,178
Land$1,242,751-$1,242,751
Other Assets Org$449,693--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2018$6,546,099$44,486▲ $69,286$108,892$6,550,979
2017$6,282,007$277,068▲ $147,888$160,864$6,546,099
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
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
John OttossonPresidentFT$171,038$18,578$189,616
Bonnie L JohnsonCFOFT$120,934$22,393$143,327
Noel StahleVP of AcademFT$108,769$15,591$124,360
Angella Durian-gambellSecretaryFT$42,177$17,013$59,190

Highest Paid Contractors

ContractorServicesLocationCompensation
Sodexo ServicesFood Service4880 PAYSPHERE CIRCLE, Chicago, IL 60674$2,065,453
Sodexo Facilities INCFacilities4880 PAYSPHERE CIRCLE, Chicago, IL 60674$1,280,805
Rubel Roofing CoRepairs6809 189TH ST, Albia, IA 52531$149,901
Mahaska Communications GroupMedia ServicesPO BOX 1038, Oskaloosa, IA 52577$149,079
Revenue and Support

Revenue Composition

Contributions and Grants
$8,664,177
Program Service Revenue
$29,889,554
Investment Income
$310,292
Other Revenue
$-36,400
All Other Contributions
$8,340,831
Change in Net Assets
$1,744,315

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
Yes
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported Amount
Real Estate Other2$867,537
Total Noncash Contributions2$867,537
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$14,104,807
Other Expenses$12,953,848
Salaries, Compensation, and Employee Benefits$10,024,653
Total Fundraising Expense$305,815
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$14,104,807--$14,104,807
Other Salaries and Wages$6,469,013$766,996$259,487$7,495,496
Occupancy$2,700,942$144,317-$2,845,259
Interest$1,667,091$16,839-$1,683,930
Depreciation Depletion$1,525,776$15,908-$1,541,684
Other Employee Benefits$1,149,314$188,997-$1,338,311
All Other Expenses$282,044$537,964-$820,008
Other Expenses$599,006$133,777$23,486$756,269
Travel$538,585$47,422$16,391$602,398
Payroll Taxes$454,679$97,900-$552,579
Current Officers, Directors, Trustees, and Key Employees-$422,469-$422,469
Insurance$375,005--$375,005
Pension Plan Contributions$191,545$24,253-$215,798
Fees for Services Other$114,448$233-$114,681
Fees for Services Accounting-$70,075-$70,075
Office Expenses$22,610$24,998$6,451$54,059
Fees for Services Legal-$14,685-$14,685
Total Functional Expenses$33,599,528$3,177,965$305,815$37,083,308
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$149,079
Whitney JohnsonSee Part VScholarshipNo$31,281

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$750,000--
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
US Government Grants Refundable$1,609,482
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
Yes
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
CFO
Phone
6416731001
Signed
2020-03-23
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
792
Volunteers
50

Preparer

Firm
Tdt Cpas and Advisors Pc
Address
317 HIGH AVE E, OSKALOOSA, IA 52577-2823
Preparer
Joseph B Ryan CPA
Phone
6416722523
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9

Scholarships and grants -14,104,807 bowling center loss -155,900 scholarships and grants 14,104,807 bowling center loss 155,900

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 servie stating it qualifies under the provisions of section 501(c)(3) of the internal revenue code and is exempt from federal income taxes. As such, the unversity 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 contingenices in evalulating 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 retirm that are not certain to be realized. No liability has been recognized by the university for uncertain tax positions as of june 30, 2019 and 2018. The university is subject to routine audits by taxing jurisdictions; however, there are currently no audits for any tax periods in progress.

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE CHAIRMA
IRS990/Form990PartVIISectionAGrp/TitleTxt2TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt3TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt4TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt5SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt6CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt7TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt8TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt9TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt10TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt11TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt12TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt13TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt14TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt15PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt16TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt17TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt18TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt19TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt20TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt21VP OF ACADEM
IRS990/Form990PartVIISectionAGrp/TitleTxt22CFO
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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/OtherExpensesGrp/ProgramServicesAmt01668339
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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
2019Detailed filing. Detailed filing data is available for this year.$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
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$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

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