2024-03-19T14:40:40-05:00 2023-06-30 363990892 Capin Crouse LLP 3200 E Guasti Road Suite 230 Ontario CA 91761 990 2022-07-01 953156658 William Carey International University WILL 6263982246 1010 E Union St 110 Pasadena CA 91106 Peter McLallen Corporate Treasurer 6263982246 2024-03-19 1 Peter McLallen 999009999 0 Daren Daiga P01074795 5055022746 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z Paul Cornelius 1010 E Union St 110 Pasadena CA 91106 29048224 0 X www.WCIU.edu X 1977 CA WCIU provides innovative and transformational distance education. X 7 7 31 8 0 0 227190 117974 94657 249436 34266383 23276090 113128 132648 34701358 23776148 25965498 12230760 0 0 659941 1350129 7273 44 142975 1674356 1266024 28307068 14846957 6394290 8929191 70243629 65452379 20622934 310091 49620695 65142288 X The mission of WCIU is to provide innovative distance education programs to enhance the effectiveness of scholar practitioners as they serve with others to develop transformational solutions to the roots of human problems around the world. 0 0 13360389 12230760 250252 William Carey International University (WCIU) provides graduate level education in community development (masters program and PHD program) and transformational urban leadership (masters program). The majority of our students (for fiscal year 22/23) are located in developing countries and work for non-governmental organizations (NGOs) and international development agencies. WCIU has four institutes that support research, scholarship and networking on topics of environmental leadership, women and leadership, urban movements, and the role of China in development studies.Continued on Schedule O 13360389 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 0 1 0 1 1 1 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 1 72 0 1 31 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 7 7 0 0 1 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 CA X Missionwell 6263982246 1010 E Union St 110 Pasadena CA 91106 Monica Mitchell Chairman 10.00 X X 0 0 0 Greg Parsons Secretary 1.50 X X 0 0 0 Robert Tickner Treasurer 1.50 X X 0 0 0 Jose De Dios Director 3.50 X 0 0 0 Richard Guneskara Director 5.50 X 0 0 0 Benny Matthews Director 1.50 X 0 0 0 Marcia Wang Director 3.50 X 0 0 0 Peter McLallen Corp Treasurer Acting President (part year)/Provost 45.00 X 96040 0 0 Paul Cornelius President & CEO 40.00 X 0 0 0 96040 0 0 0 0 0 0 Missionwell LLC 222 Glenarm St Pasadena CA 91106 Finance, Accounting and HR services 148892 Clearpath Technology LLC 1443 E Washington Blvd 230 Pasadena CA 91104 IT 121143 2 X 117974 117974 Tuition and fees 611310 249436 249436 249436 2971637 2971637 450 450 229453 98838 130615 130615 130615 1949664 23528027 2002060 3171178 -52396 20356849 20304453 20304453 816 0 816 816 767 767 767 23776148 250252 0 23407922 12040714 12040714 2035 2035 188011 188011 148450 92039 48988 7423 954590 532254 341940 80396 150214 64699 80553 4962 96875 55219 33906 7750 67371 67371 251553 37733 213820 44 44 91465 91465 161729 120143 40070 1516 39570 39123 336 111 32294 3727 28223 344 163661 85904 65194 12563 62166 7238 41830 13098 96604 55064 33812 7728 13960 7957 4886 1117 88211 28228 59983 197440 301 191216 5923 14846957 13360389 1343593 142975 3025834 28264019 26744411 18030 34919 151712 156167 910011 71547 4539895 838464 27509270 31941368 6734869 5652831 0 84219 70243629 65452379 231056 219839 47712 3556 20344166 86696 20622934 310091 X 49223578 64738433 397117 403855 49620695 65142288 70243629 65452379 X 8929191 2479412 4112990 X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 38890069 23567589 3729455 2034000 64153113 45733723 25000 -5099527 1769127 38890069 38158943 2220665 7321916 1967801 45733723 41153206 1063943 4058206 38158943 50000 40591925 511281 41153206 0.99412 0.00588 0 0 628884 52468 576416 281127 19079 262048 838464 REIT 3602173 C Investment in note receivable 1500000 C Privately Held Mutual Funds 550658 C 5652831 Operating lease liability 86696 86696 18242027 2479412 89604 -8011672 -5442656 23684683 91465 91465 23776148 2720434 89604 98838 188442 2531992 91465 12223500 12314965 14846957 Part V, Line 4: The intended use of the organization's quasi endowment funds is to generate income to support the mission of the organization. The intended use of the permanent endowment is to fund scholarships. Schedule D, Part V, Line 1b, column (c) The $2,220,665 contribution amount reported on this line includes a $1,920,665 adjustment to add the value of additional endowments ommitted from the 2020 Form 990. Part XI, Line 2d - Other Adjustments: Tuition assistance netted against revenue -190,046. Rental expenses 98,838. Distribution to assoc. org. netted against revenue on financial stmts. -12,033,454. Adjustment to fair value of donated real property 4,112,990. Part XII, Line 2d - Other Adjustments: Rental expenses 98,838. Part XII, Line 4b - Other Adjustments: Tuition assistance netted against revenue 190,046. Distribution to assoc. org. netted against revenue on financial stmts. 12,033,454. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 Schedule E, Part I, Line 3 The organization currently enrolls students of racial minority groups in meaningful numbers consistent with the publicity exception found in Rev. Proc. 75-50 section 4.03(2)(b). In addition, WCIU has updated its website so that they will not have to rely on one of the exceptions in order to check yes to Line 3 on future Form 990s. 1 East Asia and the Pacific 0 0 Grants to recipients located in the region 7971 South America 0 0 Grants to recipients located in the region 2700 South Asia 0 0 Grants to recipients located in the region 10255 Central America and the Caribbean 0 0 Grants to recipients located in the region 900 Sub-Saharan Africa 0 0 Grants to recipients located in the region 166185 East Asia and the Pacific 0 4 Program services Course Development, Compensation 23435 Europe (Including Iceland & Greenland) 0 2 Program services Membership and Dues, Compensation 66264 South America 0 1 Program services Compensation 21749 Sub-Saharan Africa 0 3 Program services Course Development 5880 0 7 0 3 0 10 299459 5880 305339 Tuition assistance Central America 1 900 Credit to account Tuition assistance East Asia and the Pacific 2 7971 Credit to account Tuition assistance South America 1 2700 Credit to account Tuition assistance South Asia 2 10255 Credit to account Tuition assistance Sub-Saharan Africa 52 166185 Credit to account 0 0 0 0 0 0 Part I, Line 2: In an effort to increase affordability to students from various parts of the world, WCIU offers grants in the form of tuition discounts to students from particular countries. The country and amount of discount is listed on our website. Grants are awarded in the form of credits to tuition. No money is sent to the recipient. The performance of students is monitored through standard academic procedures. In some cases, WCIU enters into agreements with NGOs to support the training of their employees. These agreements may include additional grants in the form of tuition discounts to students from these organizations. Grants are awarded in the form of credits to tuition. No money is sent to the recipient. The performance of students is monitored through standard academic procedures. Part I, line 3: Expenditures are accounted for using the accrual method and are consistent with US GAAP. Part III Accounting Method: 1 Frontier Mission Fellowship dba Frontier Ventures (FV) PO Box 41450 Pasadena CA 91114 953095682 501(c)(3) 7478422 4555032 Market Price Real Property To further FV's mission by granting a portion of rentals and sales from properties, as agreed upon by the WCIU board 1 0 Part I, Line 2: For grants to organizations WCIU develops an MOU with an organization describing the nature of the relationship. A formal grant document is used to describe the terms and conditions of the grant. At all relevant times in the history of WCIU, real property has been owned and managed by the University in order to generate income that could, in part, be distributed to support the ministry of the U.S. Center for World Mission, which became the Frontier Mission Fellowship, dba Frontier Ventures (FV). By the end of the year ended June 30, 2023, the University sold all of its off-campus housing properties. As a result of the sale of these properties, WCIU made grants to FV in amounts decided by the WCIU board. Sale of 17 single family homes 2023-03-14 12496700 Sales price See Part III Sale of 4 land parcels 2022-11-29 1638725 Sales price See Part III Sale of 2 commercial properties 2022-07-08 1100000 Sales price See Part III Sale of 11 Multi-Family Residential Properties 2023-05-03 9810000 Sales Price See Part III Distribution of 5 properties 2022-09-30 4555032 Expert 953095682 Frontier Mission Fellowship dba Frontier Ventures PO Box 41450 Pasadena CA 91114 501(c)(3) Distribution of Cash 2022-11-16 7478422 Cash 953095682 Frontier Mission Fellowship dba Frontier Ventures PO Box 41450 Pasadena CA 91114 501(c)(3) 1 0 0 0 Part II, Line 2e: Person(s) Involved: Greg Parsons, Board member of Frontier Ventures Schedule N, Part II, Line 1: At all relevant times in the history of WCIU, real property has been owned and managed by the University to generate income that could, in part, be distributed to support the ministry of the U.S. Center for World Mission, which became the Frontier Mission Fellowship, dba Frontier Ventures (FV). In keeping with the decision to end the auxiliary services program and liquidate the assets, WCIU established a plan to dispose of 82 properties held by the University for over 30 years. The plan was to sell 77 properties and give 5 properties to FV over a period of 18 months. The sale reported in Sch N, Part II includes the sale of 39 properties which occurred in the 2022-2023 fiscal year. The real property was sold to third parties in arms-length transactions. Form 990, Part III, Line 4a: WCIU advances depth of understanding and transformational change that addresses the roots of human problems and promotes the flourishing of all peoples. We partner and collaborate with communities and organizations to enhance the effectiveness of scholar-practitioners in their context. Form 990, Part VI, Section A, line 4 The following updates were made to the WCIU bylaws: -Board Treasurer position added to the list of board officers -Chief Executive Officer position moved from the "board officer" bylaw article to a newly created "corporate officer" bylaw section Form 990, Part VI, Section B, line 11b The 990 is prepared by an independent CPA firm and reviewed in detail by University management, including the Board of Directors, prior to filing. Form 990, Part VI, Section B, line 12c The University's Board and upper management consistently enforce and monitor the Conflict of Interest policy by annually requiring disclosure of any potential conflicts of interest. Any conflicts or potential conflicts are resolved by the independent members of the board. All interested parties are required to recuse themselves from board deliberations and any subsequent vote. Form 990, Part VI, Section B, line 15a The board, excluding the President, reviews and approves the compensation of the President using comparability data. The outcome is documented in the President's employment file. Form 990 Part VI Line 15b: The organization does not compensate any other officers or key employees. Therefore, this line was answered no in accordance with the instructions. Form 990, Part VI, Section C, line 19 The University makes its governing documents, conflict of interest policy, and financial statements available to the public upon request. Form 990, Part VIII, Line 7: At all relevant times in the history of WCIU, real property has been owned and managed by the University to generate income that could, in part, be distributed to support the ministry of the U.S. Center for World Mission, which became the Frontier Mission Fellowship, dba Frontier Ventures (FV). In keeping with the decision to end the auxiliary services program and liquidate the assets, WCIU established a plan to dispose of 82 properties held by the University for over 30 years. The plan was to sell 77 properties and give 5 properties to FV over a period of 18 months. The 2021 Form 990 Part VIII Line 7 represented the initial sale of 38 properties during the 2021-2022 fiscal year. The sale reported in Part VIII Line 7 includes the sale of the remaining 39 properties which occurred in the 2022-2023 fiscal year. The real property was sold to third parties in arms-length transactions. Form 990, Part XI, line 9: Adjustment to fair market value of donated property 4,112,990.