Civic Intelligence

Kansas Wesleyan University

990 • Fiscal year 2014 • EIN 48-0543729

Jul 01, 2013 to Jun 30, 2014 • Filed on Feb 16, 2015

100 E Claflin AvenueSuiteSalina, KS 67401-6196

(785) 827-5541

Siviq Scores

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

Liabilities / Assets

45th percentile

0.23x

Higher debt load relative to assets than 45% of similar nonprofits.

2014 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2014

Liabilities / Revenue

50th percentile

0.33x

Higher debt load relative to revenue than 50% of similar nonprofits.

2014 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2014

Net Margin

57th percentile

5.9%

Higher net margin than 57% of similar nonprofits.

2014 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2014

Top Officer Pay

51st percentile

$245,126

Higher top officer pay than 51% of similar nonprofits.

Top officer pay equals 1.1% of source-year revenue.

2014 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2014

Asset Growth

42nd percentile

2.5%

Faster asset growth than 42% of similar nonprofits.

2014 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2013 to 2014

Revenue Growth

66th percentile

9.6%

Faster revenue growth than 66% of similar nonprofits.

2014 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2013 to 2014

Assets

Up

$31,862,283

Up $780,870 (+2.5%) from 2013

Net Assets

Up

$24,445,403

Up $1,260,504 (+5.4%) from 2013

Liabilities

Down

$7,416,880

Down $479,634 (-6.1%) from 2013

Revenue

Up

$22,565,739

Up $1,975,294 (+9.6%) from 2013

Expenses

Up

$21,237,897

Up $947,021 (+4.7%) from 2013

Net Income

Up

$1,327,842

Up $1,028,273 (+343%) from 2013

Historical Trend

Balance Sheet Trend

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

$80M$60M$40M$20M$0Assets 2010: $47,170,221Liabilities 2010: $8,005,112Net Assets 2010: $39,165,1092010Assets 2011: $29,475,538Liabilities 2011: $7,470,090Net Assets 2011: $22,005,4482011Assets 2012: $30,354,794Liabilities 2012: $7,432,151Net Assets 2012: $22,922,6432012Assets 2013: $31,081,413Liabilities 2013: $7,896,514Net Assets 2013: $23,184,8992013Assets 2014: $31,862,283Liabilities 2014: $7,416,880Net Assets 2014: $24,445,4032014Assets 2015: $53,183,618Liabilities 2015: $7,634,082Net Assets 2015: $45,549,5362015Assets 2016: $51,009,277Liabilities 2016: $6,243,276Net Assets 2016: $44,766,0012016Assets 2017: $50,785,849Liabilities 2017: $5,656,396Net Assets 2017: $45,129,4532017Assets 2018: $50,105,411Liabilities 2018: $4,933,514Net Assets 2018: $45,171,8972018Assets 2019: $49,593,032Liabilities 2019: $3,834,562Net Assets 2019: $45,758,4702019Assets 2020: $54,859,418Liabilities 2020: $5,303,413Net Assets 2020: $49,556,0052020Assets 2021: $58,027,272Liabilities 2021: $5,105,010Net Assets 2021: $52,922,2622021Assets 2022: $61,251,217Liabilities 2022: $5,343,329Net Assets 2022: $55,907,8882022Assets 2023: $64,345,244Liabilities 2023: $6,327,330Net Assets 2023: $58,017,9142023Assets 2024: $68,707,175Liabilities 2024: $11,051,333Net Assets 2024: $57,655,8422024

Highlighted filing

2014

Assets$31,862,283
Liabilities$7,416,880
Net Assets$24,445,403

Operations Trend

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

$60M$40M$20M$0-$20MExpenses 2010: $13,028,9802010Expenses 2011: $13,483,4642011Expenses 2012: $14,603,5242012Revenue 2013: $20,590,445Expenses 2013: $20,290,876Net Income 2013: $299,5692013Revenue 2014: $22,565,739Expenses 2014: $21,237,897Net Income 2014: $1,327,8422014Revenue 2015: $27,395,604Expenses 2015: $22,722,305Net Income 2015: $4,673,2992015Revenue 2016: $24,098,728Expenses 2016: $24,049,445Net Income 2016: $49,2832016Revenue 2017: $25,729,559Expenses 2017: $25,396,900Net Income 2017: $332,6592017Revenue 2018: $27,162,660Expenses 2018: $27,117,766Net Income 2018: $44,8942018Revenue 2019: $28,244,223Expenses 2019: $27,652,579Net Income 2019: $591,6442019Revenue 2020: $31,335,182Expenses 2020: $27,567,356Net Income 2020: $3,767,8262020Revenue 2021: $34,731,060Expenses 2021: $31,408,283Net Income 2021: $3,322,7772021Revenue 2022: $38,660,781Expenses 2022: $35,675,155Net Income 2022: $2,985,6262022Revenue 2023: $37,718,780Expenses 2023: $35,744,310Net Income 2023: $1,974,4702023Revenue 2024: $40,570,733Expenses 2024: $41,939,626Net Income 2024: -$1,368,8932024

Highlighted filing

2014

Revenue$22,565,739
Expenses$21,237,897
Net Income$1,327,842
Jump To
Filing Snapshot
Filing Period
Jul 1, 2013 to Jun 30, 2014
Signed
Feb 16, 2015
Return Version
2013v4.0
Gross Receipts
$22,565,739
Mission and Program Overview

Mission

Kansas wesleyan university is a private liberal arts college that promotes and integrates academic excellence, spiritual development, personal well-being, and social responsibility.

Kansas wesleyan university is a small, church-related, four year private liberal arts college.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$23,813,878$23,916,384▲ $102,506
Pledges and Grants Receivable$1,253,406$2,141,977▲ $888,571
Savings and Temporary Cash Investments$1,831,112$1,501,203▼ $329,909
Cash and Non-Interest-Bearing Accounts$1,289,958$1,136,030▼ $153,928
Other Notes and Loans Receivable, Net$852,916$880,841▲ $27,925
Inventories for Sale or Use$133,743$160,470▲ $26,727
Accounts Receivable$111,088$159,580▲ $48,492
Investments Other Securities$252,767$147,714▼ $105,053
Intangible Assets$122,494$109,600▼ $12,894
Prepaid Expenses and Deferred Charges$33,685$6,299▼ $27,386
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Program Related$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$31,081,413$31,862,283▲ $780,870
Other Assets Total$1,386,366$1,702,185▲ $315,819
Liabilities
Tax Exempt Bond Liabilities$5,020,000$4,500,000▼ $520,000
Accounts Payable and Accrued Expenses$1,222,058$1,292,496▲ $70,438
Other Liabilities$1,209,481$1,160,043▼ $49,438
Deferred Revenue$444,975$464,341▲ $19,366
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Escrow Account Liability$0$0→ $0
Total Liabilities$7,896,514$7,416,880▼ $479,634
Net Assets / Fund Balance
Unrestricted Net Assets$21,641,980$21,765,442▲ $123,462
Temporarily Rstr Net Assets$1,535,859$2,672,901▲ $1,137,042
Permanently Rstr Net Assets$7,060$7,060→ $0
Total Net Assets Fund Balance$23,184,899$24,445,403▲ $1,260,504
Total Liabilities and Net Assets / Fund Balance$31,081,413$31,862,283▲ $780,870

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$22,713,221$11,724,494$34,437,715
Equipment$12,675$1,860,856$1,873,531
Other Land Buildings$1,092,474$109,403$1,201,877
Land$98,014-$98,014
Other Assets Org$52,358--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Matthew R ThompsonPresidentFT$200,000$45,126$245,126
Wayne R SchneiderVP Finance & AdministrationFT$110,100$10,650$120,750
Fletcher M LamkinPast President-Term 6/28/2012-$117,900-$117,900

Highest Paid Contractors

ContractorServicesLocationCompensation
Sodexo IncCafeteria-$1,081,362
Associated Colleges of Central KansCentral Svc-$289,693
Wilson Company IncArchitect-$280,755
A-Lert Roof SystemsRoof-$156,000
Hedlund Electric IncElectrical-$151,367
Revenue and Support

Revenue Composition

Contributions and Grants
$3,440,012
Program Service Revenue
$18,913,298
Investment Income
$141,652
Other Revenue
$70,777
All Other Contributions
$2,401,984
Change in Net Assets
$1,327,842
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$7,690,427
Other Expenses$7,304,424
Grants and Similar Amounts Paid$6,243,046
Total Fundraising Expense$576,470
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$6,243,046--$6,243,046
Other Salaries and Wages$5,463,915-$253,841$5,717,756
Occupancy$1,660,981--$1,660,981
Fees for Services Other$914,438-$74,583$989,021
Office Expenses$871,631-$83,502$955,133
All Other Expenses$824,235-$69,591$893,826
Depreciation Depletion$859,307--$859,307
Other Employee Benefits$600,990-$12,820$613,810
Pension Plan Contributions$542,711-$24,043$566,754
Payroll Taxes$411,113-$18,310$429,423
Travel$351,333-$27,875$379,208
Current Officers, Directors, Trustees, and Key Employees$362,684--$362,684
Insurance$351,384-$529$351,913
Information Technology$268,443-$9,683$278,126
Advertising$179,826-$1,693$181,519
Interest$109,135--$109,135
Fees for Services Legal$77,541--$77,541
Conferences and Meetings$63,537--$63,537
Other Expenses$-808,763$0-$-808,763
Total Functional Expenses$20,661,427$0$576,470$21,237,897
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
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Refundable Govt Loan Program$866,177
Deposits Held for Others$215,533
Liability for Annuity Payments$78,333

Bond Issues

BondIssuerIssuedIssue PricePurpose
A48-60172512012-12-19$5,270,000Refinance 2007 Bonds, Capital Impr

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A$5,919,118$5,163,607$250,000$122,900

Bond Financing Compliance

No rebate due
Yes
Rebate not yet due
No
Form 8038-T filed
No
Gross proceeds invested
No
Gross proceeds invested in GIC
No
Exception to rebate
No
Corrective action procedures
No
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
Filing and Contact Details

Filer

EIN
48-0543729
In Care Of
% WAYNE R SCHNEIDER
Phone
7858275541

Signing Officer

Name
Wayne R Schneider
Title
VP FINANCE & Admin.
Phone
7858275541
Signed
2015-02-16
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Wayne R Schneider
Formed
1886
Legal Domicile
Ks
Voting Board Members
25
Independent Board Members
24
Employees
385
Volunteers
24

Preparer

Preparer
Rebecca Zecha
Phone
7858275541
Supplemental Narrative

Additional Explanations

Executive Committee

Form 990, Part VI, Line 1a Article 5.02 of the University's bylaws establishes an Executive Committee. The Executive Committee shall be composed of the officers of the Board, immediate past Chairperson of the Board, and the President of Kansas Wesleyan University. The Executive Committee shall exercise all powers of the Board at such times as the Board is not in session, except that it shall not have the power to alter or revoke any previous order, resolution, or vote of a meeting of the Board unless specifically granted such power by the Board.

Form 990 Review Process

Form 990, Part VI, Line 11b The Form 990 is prepared by an independent accounting firm in conjunction with the annual independent audit of the books and records of Kansas Wesleyan University. The return is presented to the Finance and Operations Committee of the Board of Trustees each year in conjunction with the engagement.

Conflict of Interest Policy Monitoring & Enforcement

Form 990, Part VI, Line 12c Officers and members of the board of trustees are required to affirm and update a conflict of interest form annually. Trustees and officers disclose any relationships that could be construed to affect their independent unbiased judgment. Should a conflict of interest be declared, the trustee or officer having the conflict shall refrain from participating in consideration of the transaction giving rise to the conflict and refrain from voting on the same.

How Documents are Made Available to the Public

Form 990, Part VI, Line 19 The organization's governing documents, conflict of interest policy and financial statements are available upon request and at the discretion of the President and CEO of Kansas Wesleyan University.

Compensation Committee

FORM 990, PART VI, LINES 15A & 15B KANSAS WESLEYAN UNIVERSITY used the following methods to establish the top management and the top financial official's compensation: (1) Compensation committee; (2) Written employment contract; (3) Approval by the board or compensation committee.

Financial Statement Notes

Fin 48 (ASC 740) FOOTNOTE

Schedule D, Part X, Line 2 The University is exempt from income tax under Section 501(c)(3) of the Internal Revenue code and a similar provision of state law. The University annually evaluates tax positions taken with regard to unrelated business income, related deductions applied, or other activities that may jeopardize its tax exempt status and thus would meet the definition of an uncertain tax position. The University recognizes the financial statement benefit of a tax position only after determining the relevant taxing authority would more likely than not sustain the position following an audit. The University has concluded that there are no uncertain tax positions taken that would require recognition of a liability or disclosure in the financial statements. The University recognizes interest and penalties on tax assessments as other expenses within the combined statement of activities. The University is generally no longer subject to U.S. federal and state income tax examinations by taxing authorities for fiscal years before 2011.

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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 Chair
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IRS990/Form990PartVIISectionAGrp/TitleTxt24President
IRS990/Form990PartVIISectionAGrp/TitleTxt25VP Finance & Administration
IRS990/Form990PartVIISectionAGrp/TitleTxt26Past President-Term 6/28/2012
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IRS990/MissionDesc0KANSAS WESLEYAN UNIVERSITY IS A SMALL, CHURCH-RELATED, FOUR YEAR PRIVATE LIBERAL ARTS COLLEGE.

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$68.7$11.1$57.7$40.6$41.9$1.37
2023Detailed filing. Detailed filing data is available for this year.$64.3$6.33$58.0$37.7$35.7$1.97
2022Detailed filing. Detailed filing data is available for this year.$61.3$5.34$55.9$38.7$35.7$2.99
2021Detailed filing. Detailed filing data is available for this year.$58.0$5.11$52.9$34.7$31.4$3.32
2020Detailed filing. Detailed filing data is available for this year.$54.9$5.30$49.6$31.3$27.6$3.77
2019Detailed filing. Detailed filing data is available for this year.$49.6$3.83$45.8$28.2$27.7$0.59
2018Detailed filing. Detailed filing data is available for this year.$50.1$4.93$45.2$27.2$27.1$0.04
2017Detailed filing. Detailed filing data is available for this year.$50.8$5.66$45.1$25.7$25.4$0.33
2016Detailed filing. Detailed filing data is available for this year.$51.0$6.24$44.8$24.1$24.0$0.05
2015Detailed filing. Detailed filing data is available for this year.$53.2$7.63$45.5$27.4$22.7$4.67
2014Detailed filing. Detailed filing data is available for this year.$31.9$7.42$24.4$22.6$21.2$1.33
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$31.1$7.90$23.2$20.6$20.3$0.30
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$30.4$7.43$22.9$14.6
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$29.5$7.47$22.0$13.5
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$47.2$8.01$39.2$13.0