2026-04-28T14:23:00-04:00 2025-06-30 882802798 FORGE FINANCIAL & MANAGEMENT CONSULTING 1245 JORDAN CREEK PKWY STE 100 WEST DES MOINES IA 502662343 990 2024-07-01 420707120 WILLIAM PENN UNIVERSITY WILL 6416731001 201 TRUEBLOOD AVE OSKALOOSA IA 52577 BONNIE L JOHNSON CFO 6416731001 2026-04-24 true true DAN MONTGOMERY CPA P02183410 5156203050 2026-04-28 2024 2025-03-06 01:10:19Z BONNIE L JOHNSON NORTH MARKET AND TRUEBLOOD AVE OSKALOOSA IA 52577 51534375 false X WWW.WMPENN.EDU X 1873 IA 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. 22 21 735 50 16122 6116179 9175830 43091903 41126347 535665 733426 1533890 371738 51277637 51407341 22160852 20638777 0 12408746 12262790 0 314583 16948265 16383858 51517863 49285425 -240226 2121916 84983218 86215453 46202789 44877280 38780429 41338173 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. false false 30057709 20638777 35753203 INSTRUCTION AND ACADEMIC SUPPORT PROVIDED TO 1,568 FULL AND PART-TIME STUDENTS. ALSO PROVIDED SCHOLARSHIPS AND GRANTS TO STUDENTS. 5480924 5258501 QUALITY FOOD SERVICES PROVIDED AT REASONABLE COST TO STUDENTS, FACULTY AND STAFF. SUPPORT AND MAINTENANCE OF STUDENT DORMITORIES ON CAMPUS, INCLUDING STAFFING RESIDENT ADVISORS AND VENDING SERVICES FOR STUDENTS. 9316084 114643 STUDENTS SERVICES, INCLUDING STUDENT DEVELOPMENT, ACADEMIC AND CAREER COUNSELING, INTERCOLLEGIATE ATHLETICS, FINANCIAL ASSISTANCE AND OTHER SERVICES, WAS PROVIDED TO 1,568 FULL AND PART TIME STUDENTS. COST OF SALES, SUPPORT AND MAINTENANCE OF CAMPUS BOOKSTORE FOR STUDENTS, FACULTY AND STAFF. 44854717 true true false true false false false true false true true false false true true true false true true false false false false false false false false false true true false false false false false false false true true false false false true true true true false false true 85 0 true 735 true true true false false false false true true false false false false false false X 22 21 true false false false false false false true true false false false true true true true true true true false X BONNIE JOHNSON 6416731001 NORTH MARKET AND TRUEBLOOD AVENUE OSKALOOSA IA 52577 DAVID AHMAD COMMITTEE CH 2.00 X 0 0 0 RON BRYAN TRUSTEE 2.00 X 0 0 0 JOE P CROOKHAM VICE CHAIRMA 2.00 X X 0 0 0 JERRY N ELLIS COMMITTEE CH 2.00 X 0 0 0 JAMES FUEDNER TRUSTEE 2.00 X 0 0 0 TOM FRANKS COMMITTEE CH 2.00 X 0 0 0 MANNY GARCIA TRUSTEE 2.00 X 0 0 0 SYLIVA GRAVES TRUSTEE 2.00 X 0 0 0 KIMBERLY HOLMBERG TRUSTEE 2.00 X 0 0 0 CHRIS HYLAND COMMITTEE CH 2.00 X 0 0 0 IRVING JONES COMMITTEE CH 2.00 X 0 0 0 LARRY JUNCKER TRUSTEE 2.00 X 0 0 0 REGINALD MARTIN TRUSTEE 2.00 X 0 0 0 JEFF MCNULTY TRUSTEE 2.00 X 0 0 0 GORDAN MOORE TRUSTEE 2.00 X 0 0 0 JON MOSHER TRUSTEE 2.00 X 0 0 0 ERIC NICHOLS BOARD CHAIRM 2.00 X X 0 0 0 JOHN OTTOSSON PRESIDENT 40.00 X X 237853 0 23584 ROBERT SCHULTZE TRUSTEE 2.00 X 0 0 0 ALFIO TOGNOCCHI TRUSTEE 2.00 X 0 0 0 JAYNE SHERWOOD TRUSTEE 2.00 X 0 0 0 BONNIE L JOHNSON CFO 40.00 X 131647 0 23232 NOEL STAHLE VP OF ACADEM 40.00 X 109771 0 17182 KERRA STRONG FACULTY 40.00 X 103571 0 5339 582842 69337 4 false true false SODEXO SERVICES 4880 PAYSPHERE CIRCLE CHICAGO IL 60674 FOOD SERVICE 2486581 SODEXO FACILITIES INC 4880 PAYSPHERE CIRCLE CHICAGO IL 60674 FACILITIES 1476754 NEUMANN CONSTRUCTION INC PO BOX 1315 DES MOINES IA 50305 CONSTRUCTION 1243586 SINCLAIR BROADCAST GROUP PO BOX 206270 DALLAS TX 753206270 MARKETING 264670 TRANE PO BOX 98167 CHICAGO IL 60609 HVAC 182209 7 327356 8848474 54249 9175830 STUDENT TUITION AND FEES 611600 35753204 35753204 BOARD 721310 2700946 2700946 ROOM 611710 2557555 2557555 OTHER PROGRAM INCOME 722210 103278 103278 TICKET SALES 451211 11264 11264 100 100 41126347 669473 669473 26002 26002 68394 127034 -58640 -58640 16122 -74762 63953 63953 63953 63953 STATESMEN LANES 524298 310936 310936 INSURANCE PROCEEDS 713940 93440 93440 404376 51407341 35910597 16122 6304792 20638777 20638777 454086 454086 9486751 8223673 1009213 253865 364544 323634 40910 1241827 1063044 178783 715582 601413 114169 38695 38695 104870 104870 434201 373851 60350 173065 37730 112833 22502 3301313 3208754 92559 880814 798603 55563 26648 1605520 1589108 16412 2276660 2253401 23259 1104939 1102940 1999 FOOD SERVICE CONTRACT 2332636 2332636 MISCELLANEOUS 1081957 347583 734374 SUPPLIES 906621 807642 87411 11568 BAD DEBTS EXPENSE 871175 871175 1271392 280753 990639 49285425 44854717 4116125 314583 611041 780829 131753 61707 1078204 898877 2639007 2439741 488978 429948 99267158 42601175 57276399 56665983 4024691 5271017 2865416 2671156 15867729 16996195 84983218 86215453 2799341 2898050 760875 610489 41911378 40756084 24200 24200 706995 588457 46202789 44877280 X 17525189 18211357 21255240 23126816 38780429 41338173 84983218 86215453 X 2121916 357304 78524 X false true X true true true X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false false false false false true 1889 false false false 1889 false 3043375 X X X false 8830882 137137 645576 166947 9446648 8379383 151226 456693 156420 8830882 7526150 802364 189637 138738 8379383 7562407 386224 -334453 88028 7526150 6867916 126075 673361 104945 7562407 1.00000 false false 1402751 1402751 76848030 24711092 52136938 21016377 17890083 3126294 56665983 BENEFICIAL INTEREST IN PERTETUAL TRU 9752709 COLLECTIBLES 3043375 CONSTRUCTION IN PROGRESS 1533068 REMAINDER INTEREST TRUSTS 1140252 DEBT SERVICE FUND 826048 LIBRARY BOOKS 654025 LOAN INTEREST RECEIVABLE 46719 PLUG -1 16996195 CHECKS ISSUED IN EXCESS OF BALANCES 588457 588457 X SCHEDULE D, PAGE 2, PART III, LINE 4 COLLECTIONS AND RELATION TO EXEMPT PURPOSE 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. true true true true true true true false false false false false false false false true false true SCHEDULE E, LINE 3 NONDISCRIMINATION POLICY NOTED IN ALL PUBLIC ADVERTISING, UNIVERSITY CATALOGS AND FINANCIAL AID LITERATURE. SCHEDULE E, LINE 6 WE RECEIVE PELL AND SEOG GRANTS FROM THE FEDERAL GOVERNMENT. THE PELL GRANT IS AWARDED TO INDIVIDUAL STUDENTS BASED ON NEED WHICH IS DEFINED BY THE FEDERAL GOVERNMENT THROUGH THE FASFA APPLICATION. SEOG IS AWARDED BY THE INSTITUTION BASED ON NEED WHICH IS DERIVED FROM THE FASFA APPLICATION. WE ALSO RECEIVE DIRECT SUBSIDIZED AND UNSUBSIDIZED AND PLUS LOANS WHICH ARE DIRECT LOANS BETWEEN STUDENTS AND THE GOVERNMENT. THESE ARE AWARDED TO STUDENTS AND ARE DISBURSED AFTER AN APPLICATION PROCESS BETWEEN THE STUDENT AND THE GOVERNMENT. WE ALSO RECEIVE AN IOWA TUITION GRANT FROM THE STATE OF IOWA WHICH IS AWARDED TO INDIVIDUAL STUDENTS BASED ON NEED. WE ALSO RECEIVED VOCATIONAL REHAB GRANTS AND VA BENEFITS WHICH ARE AWARDED TO SPECIFIC STUDENTS BASED ON CRITERIA FROM THOSE ORGANIZATIONS. true INSTITUTION SCHOLARSHIPS 1268 20188960 CASH FEDERAL SEOG 731 370855 CASH VOCATIONAL REHAB GRANTS 11 78962 CASH SCHEDULE I, PAGE 1, PART I, LINE 2 THE UNIVERSITY HAS A FINANCIAL AID DEPARTMENT WHOSE STAFF IS TRAINED AND CONTINUOUSLY EDUCATED REGARDING FEDERAL FINANCIAL AID RULES AND REGULATIONS. THE STAFF OF THE UNIVERSITY DETERMINES THE FINANCIAL NEED OF THE STUDENT AND DETERMINES THE AMOUNT OF FINANCIAL ASSISTANCE THAT CAN BE AWARDED TO THE STUDENT BASED ON FEDERAL RULES AND REGULATIONS. THE FINANCIAL AID STAFF ALSO AWARDS GRANTS AND SCHOLARSHIPS BASED ON ENDOWED GIFTS THAT COMPLY WITH THE TERMS OF THE ENDOWED GIFTS. X X true true X X X X false false false false false false false false false JOHN OTTOSSON PRESIDENT 237853 12804 10780 261437 BONNIE L JOHNSON CFO 131647 7682 15550 154879 MAHASKA COMM GROUP MCG SEE PART V 83024 PHONE/INTERNET false SCHEDULE L, PART V SCHEDULE L, PART IV, LINE (1), COLUMN (B): MAHASKA COMMUNICATION GROUP (MCG) IS A WHOLLY OWNED SUBSIDIARY OF MUSCO CORPORATION. JOE CROOKHAM, BOARD OFFICER, AND HIS IMMEDIATE FAMILY ARE THE MAJORITY SHAREHOLDERS OF MUSCO CORPORATION. JOE CROOKHAM IS ALSO PRESIDENT AND CEO OF BOTH ENTITIES. CHRIS HYLAND, BOARD MEMBER, IS ALSO THE CFO OF MUSCO CORPORATION. X EQUIPMENT 1 54249 false true false FORM 990, PAGE 6, PART VI, LINE 2 JOE CROOKHAM CHRIS HYLAND VICE CHAIR TRUSTEE BUSINESS RELATIONSHIP JEFF MCNULTY 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. FORM 990, PART XI, LINE 9 SCHOLARSHIPS AND GRANTS 0 SCHOLARSHIPS AND GRANTS 0 WPU REAL ESTATE FOUNDATION LLC 201 TRUEBLOOD AVENUE OSKALOOSA IA 52577 474400135 REAL ESTAT IA WPU STATESMEN LANES & COMMUNITY EVENT C 1700 A AVENUE EAST OSKALOOSA IA 52577 BOWLING IA 310936 41000 WPU BLANCHE JOHNSON TRUST 124 SOUTH FIRST STREET OSKALOOSA IA 52577 426613277 RENTAL REA IA 501C3 12D NA false false false true false false false false false false false false false false false false false false false false BLANCHE JOHNSON TRUST C 265819 FAIR VALUE