2024-04-30T15:40:55-05:00 2023-06-30 FORVIS LLP 1551 N WATERFRONT PKWY STE 300 WICHITA KS 672066601 990 2022-07-01 481032245 KANSAS WESLEYAN UNIVERSITY FOUNDATION % ANNETTA FLAX KANS 7858334335 100 E CLAFLIN AVE SALINA KS 67401 ANNETTA FLAX VP OF FINANCE AND CF 7858275541 2024-05-15 true ANNETTA FLAX 999009999 SHAWNELL LINOT P01663908 3162652811 2024-05-15 3 2022 2023-04-26 12:10:37Z ANNETTA FLAX 100 E CLAFLIN AVE SALINA KS 67401 2042777 false X WWW.KWU.EDU X 1987 KS THE FOUNDATION'S MISSION IS TO SECURE GIFTS OF MONEY OR PROPERTY TO ADVANCE THE EDUCATIONAL MISSION OF KANSAS WESLEYAN UNIVERSITY. 8 8 0 7 0 1149999 1079955 0 0 993021 962645 1068479 177 3211499 2042777 1486469 1079592 0 0 0 0 0 0 0 199650 187200 1686119 1266792 1525380 775985 23691090 26343105 0 63746 23691090 26279359 THE FOUNDATION IS ORGANIZED TO SECURE GIFTS OF MONEY OR PROPERTY IN EFFORTS OF ADVANCING EDUCATION AND/OR RESEARCH; THEREFORE, PROVIDING ASSISTANCE IN FURTHERING THE MISSION OF KANSAS WESLEYAN UNIVERSITY. false false 1093799 1989623 0 RAISE FUNDS AND MANAGE ASSETS IN SUPPORT OF KANSAS WESLEYAN UNIVERSITY. 1093799 true true false false false false false false false true false true false false true true false true false false false false false false false false false true false true false false false false false false false false false false false false false true false false false true 0 0 0 false false false false false false false false false false false false X 8 8 false false false false false true true true true false false true true true true false false false false false X ANNETTA FLAX 7858334335 100 E CLAFLIN AVE SALINA KS 67401 DR MATTHEW THOMPSON PRESIDENT AND CEO, KWU 20.0 20.0 X 0 242616 49562 KEN OLIVER ADMINISTRATOR AND VPAA, KWU 10.0 30.0 X 0 193238 37892 RHONDA BETHE CFO, KWU 20.0 20.0 X 0 102924 22905 ANNETTA D FLAX CFO, KWU 20.0 20.0 X 0 62611 12262 CATHERINE DOUBRAVA SECRETARY 10.0 0.0 X 0 42836 4630 ANNIE BOSWELL DIRECTOR 1.0 0.0 X 0 0 0 DAVID BRANDA DIRECTOR 1.0 0.0 X 0 0 0 GUSTAF APPLEQUIST VICE CHAIR 3.0 0.0 X X 0 0 0 MIKE BAUMBERGER DIRECTOR 1.0 0.0 X 0 0 0 ROBERT MEYER CHAIRMAN 1.0 0.0 X X 0 0 0 STEVE SCOFIELD DIRECTOR 1.0 0.0 X 0 0 0 TOM WILBUR TREASURER 1.0 0.0 X X 0 0 0 Jandrea Blumanhourst DIRECTOR 1.0 0.0 X 0 0 0 0 644225 127251 0 false true false 0 1079955 1079955 0 421007 421007 0 0 0 0 0 444499 97139 444499 97139 541638 541638 0 0 0 0 0 0 0 0 0 ALL OTHER REVENUE 177 177 177 177 177 2042777 962822 1079592 1079592 0 0 0 0 0 0 0 0 0 60000 60000 0 3413 3413 0 0 107917 107917 0 0 4526 3762 764 0 0 0 4669 3853 816 0 0 0 0 0 0 Continuing Education 6500 6500 _ 0 _ 0 _ 0 175 92 83 1266792 1093799 172993 0 546598 351433 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 22866290 25707102 0 0 0 0 278202 284570 23691090 26343105 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 63746 0 63746 X 0 0 23691090 26279359 23691090 26279359 23691090 26343105 775985 1812284 X false true X true true true X X 1 KANSAS WESLEYAN UNIVERSITY 480543729 2 true 1735416 0 1 1735416 0 true false false false false false false false false false false false false false false true false RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 38075690 796435 3587171 1114569 41344727 41700624 1538090 -4042320 1120704 38075690 30759721 4953925 7166899 1179921 41700624 31179899 587716 141821 1149715 30759721 30865878 295618 1327101 1308698 31179899 0.88000 0.12000 false false Investments - Other securities 25707102 C 25707102 0 RELATED PARTY PAYABLES 63746 63746 SCHEDULE D, PART X, LINE 2 THE FOLLOWING DISCLOSURE IS FROM THE COMBINED AUDITED FINANCIAL STATEMENTS OF KANSAS WESLEYAN UNIVERSITY AND THE KANSAS WESLEYAN UNIVERSITY FOUNDATION. 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 STATEMENT OF ACTIVITIES. SCHEDULE D, PART V, LINE 4 PROVIDE FOR THE ONGOING SUPPORT FOR SCHOLARSHIPS TO BE PROVIDED BY KANSAS WESLEYAN UNIVERSITY. true Kansas Wesleyan University 100 E Claflin Avenue Salina KS 674016196 480543729 501(c)(3) 1079592 Program Support 1 Schedule I, Part I, Line 2 The Foundation provides grants to Kansas Wesleyan University, a related organization, for scholarships and program support. Grants are monitored through the financial office of the University. false false false false false false false false false DR MATTHEW THOMPSON PRESIDENT AND CEO, KWU 0 206616 0 0 0 36000 0 22773 0 26789 0 292178 0 0 KEN OLIVER ADMINISTRATOR AND VPAA, KWU 0 193238 0 0 0 0 0 18942 0 18950 0 231130 0 0 Schedule J, Part I, Line 3 KANSAS WESLEYAN UNIVERSITY USED THE FOLLOWING METHODS TO ESTABLISH THE COMPENSATION FOR THE TOP MANAGEMENT OFFICIAL: (1) COMPENSATION COMMITTEE; (2) WRITTEN EMPLOYMENT CONTRACT; (3) APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE; (4) COMPENSATION SURVEY OR STUDY. FORM 990, PART VI, SECTION A, LINE 1A THE BOARD OF TRUSTEES SHALL APPOINT FROM THEIR NUMBER AN EXECUTIVE COMMITTEE OF NOT LESS THAN FOUR TRUSTEES WHO SHALL INCLUDE THE CHAIR AND VICE CHAIR OF THE FOUNDATION. THE SECRETARY, AND THE TREASURER OF THE FOUNDATION, IF NOT TRUSTEE-MEMBERS, SHALL SERVE EX-OFFICIO WITHOUT VOTE. UNLESS THE BOARD SPECIFICALLY DIRECTS OTHERWISE, DURING THE INTERVALS BETWEEN MEETINGS OF THE BOARD OF TRUSTEES, THE EXECUTIVE COMMITTEE SHALL HAVE, AND MAY EXERCISE, ALL THE POWERS OF THE BOARD OF TRUSTEES IN THE MANAGEMENT OF THE BUSINESS AND AFFAIRS OF THE FOUNDATION IN SUCH MANNER AS SUCH COMMITTEE SHALL DEEM IN THE BEST INTEREST OF THE FOUNDATION, EXCEPT IT MAY NOT AMEND THE ARTICLES OF INCORPORATION OF BYLAWS. THE EXECUTIVE COMMITTEE SHALL ACT AS A BUDGET COMMITTEE. FORM 990, PART VI, SECTION A, LINE 7A KANSAS WESLEYAN UNIVERSITY HAS THE RIGHT TO ELECT THE BOARD OF TRUSTEES OF THE KANSAS WESLEYAN UNIVERSITY FOUNDATION. FORM 990, PART VI, SECTION A, LINE 7B KANSAS WESLEYAN UNIVERSITY HAS THE RIGHT TO ELECT THE BOARD OF TRUSTEES OF THE KANSAS WESLEYAN UNIVERSITY FOUNDATION. FORM 990, PART VI, SECTION B, LINE 11B AN INDEPENDENT ACCOUNTING FIRM PREPARES AND REVIEWS THE FORM 990. THE 990 IS THEN REVIEWED BY THE CFO AND THE ORGANIZATIONS DESINATED COMMITTEE TO THE BOARD OF TRUSTEES. ANY QUESTIONS OR CONCERNS THE CEO AND THE COMMITTEE HAVE ARE ADDRESSED AND ANY CORRECTIONS OR CLARIFICATIONS ARE MADE. THE FINAL FORM 990 WITH ALL REQUIRED SCHEDULES IS THEN PROVIDED TO ALL VOTING MEMBERS OF THE BOARD PRIOR TO FILING THE 990 WITH THE IRS. FORM 990, PART VI, SECTION B, 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. NO CONFLICTS HAVE BEEN INDICATED THAT REQUIRED REVIEW. FORM 990, PART VI, SECTION C, 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. KANSAS WESLEYAN UNIVERSITY 100 E CLAFLIN AVE SALINA KS 67401 480543729 EDUCATION KS 501(C)(3) 2 NA false KANSAS WESLEYAN UNIVERSITY INVEST FUND 100 E CLAFLIN AVE SALINA KS 67401 237365449 SUPPORT KS 501(C)(3) 12A KWU false false true false false false false false false false false false true true true true true false false false