2026-06-15T14:34:52-05:00 2025-07-31 410746749 CLIFTONLARSONALLEN LLP 600 WASHINGTON AVENUE SUITE 1800 ST LOUIS MO 63101 990 2024-08-01 370662594 ILLINOIS WESLEYAN UNIVERSITY ILLI 3095563021 PO BOX 2900 BLOOMINGTON IL 61702 CRAIG MAYNARD VP FOR BUSINESS & OPERATIONS 3095563021 2026-06-15 1 1 STEPHANIE MCCARTHY P01805699 3149254300 2026-06-15 2024 2025-03-06 01:10:19Z CRAIG MAYNARD PO BOX 2900 BLOOMINGTON IL 61702 181038110 0 X WWW.IWU.EDU X 1850 IL THE UNIVERSITY STRIVES TO ATTAIN THE IDEAL OF A LIBERAL ARTS EDUCATION WHILE PROVIDING UNIQUE OPPORTUNITIES WITH ITS DISTINCTIVE CURRICULA AND PROGRAMS. A LIBERAL ARTS EDUCATION FOSTERS CREATIVITY, CRITICAL THINKING, EFFECTIVE COMMUNICATION, STRENGTH OF CHARACTER AND A SPIRIT OF INQUIRY; IT DEEPENS THE SPECIALIZED KNOWLEDGE OF A DISCIPLINE WITH A COMPREHENSIVE WORLD VIEW. 39 39 1692 600 607884 156238 14848160 17408584 49351391 52208366 1929546 8464860 -1094 -13325 66128003 78068485 0 0 0 0 37582872 39376319 0 0 0 40367310 40621657 77950182 79997976 -11822179 -1929491 436309632 449834382 108175807 105140853 328133825 344693529 X THE UNIVERSITY STRIVES TO ATTAIN THE IDEAL OF A LIBERAL ARTS EDUCATION WHILE PROVIDING UNIQUE OPPORTUNITIES WITH ITS DISTINCTIVE CURRICULA AND PROGRAMS. A LIBERAL ARTS EDUCATION FOSTERS CREATIVITY, CRITICAL THINKING, EFFECTIVE COMMUNICATION, STRENGTH OF CHARACTER AND A SPIRIT OF INQUIRY; IT DEEPENS THE SPECIALIZED KNOWLEDGE OF A DISCIPLINE WITH A COMPREHENSIVE WORLD VIEW. 0 0 75985509 0 52208366 ILLINOIS WESLEYAN UNIVERSITY PROVIDES A RICH LEARNING ENVIRONMENT FOR APPROXIMATELY 1,600 UNDERGRADUATE STUDENTS WITH EXTENSIVE PERSONAL ATTENTION. THE EXPERIENTIAL LEARNING MODEL FOSTERS CREATIVITY, CRITICAL THINKING, EFFECTIVE COMMUNICATION, STRENGTH OF CHARACTER AND A SPIRIT OF INQUIRY. THE INSTITUTION SERVES STUDENTS PURSING BACCALAUREATE DEGREES IN THE LIBERAL ARTS, FINE ARTS AND PROFESSIONAL PROGRAMS AS WELL AS INTERDISCIPLINARY STUDY AND OFF CAMPUS LEARNING. SPECIFIC DISCIPLINES OF EMPHASIS INCLUDE BIOLOGY, NURSING, ACCOUNTING, BUSINESS, THEATER AND MUSIC. THE UNIVERSITY OFFERS A ROBUST STUDENT LIFE AND RESIDENTIAL EXPERIENCE TO CREATE AN INCLUSIVE COMMUNITY FOR STUDENTS. 75985509 1 1 0 0 0 0 0 1 0 1 1 1 0 0 1 1 1 0 1 0 1 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 344 0 1 1692 1 1 1 0 0 0 0 1 1 0 0 0 1 0 0 0 X 39 39 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X CRAIG MAYNARD 3095563021 1312 PARK STREET BLOOMINGTON IL 61701 TIMOTHY SZERLONG CHAIR 2.00 X X 0 0 0 JOHN DICKENS VICE CHAIR 2.00 X X 0 0 0 THOMAS LAWRENCE VICE CHAIR 2.00 X X 0 0 0 EDWARD RUST JR VICE CHAIR 2.00 X X 0 0 0 ROBERT ZIMMERMANN TREASURER 2.00 X X 0 0 0 HERBERT GETZ SECRETARY 2.00 X X 0 0 0 ROD ADAMS TRUSTEE 2.00 X 0 0 0 RICHARD AMES TRUSTEE 2.00 X 0 0 0 PHYLLIS BARKER TRUSTEE 2.00 X 0 0 0 FRANK BEARD TRUSTEE 2.00 X 0 0 0 DIRK BEHRENDS TRUSTEE 2.00 X 0 0 0 ERIC BIEBER TRUSTEE 2.00 X 0 0 0 MICHAEL CLARK TRUSTEE 2.00 X 0 0 0 MARK DENZLER TRUSTEE 2.00 X 0 0 0 STEVEN DUDASH TRUSTEE 2.00 X 0 0 0 ANN MARQUIS FISHER TRUSTEE 2.00 X 0 0 0 RONALD GREENE TRUSTEE 2.00 X 0 0 0 DEON HORNSBY TRUSTEE 2.00 X 0 0 0 JOHN HORTON TRUSTEE 2.00 X 0 0 0 NANCY HUTSON TRUSTEE 2.00 X 0 0 0 MARK ISRAEL TRUSTEE 2.00 X 0 0 0 JIM JOSLIN TRUSTEE 2.00 X 0 0 0 COLLEEN KANNADAY TRUSTEE 2.00 X 0 0 0 DANIELLE KAYS TRUSTEE 2.00 X 0 0 0 KATHY LAREY LEWTON TRUSTEE 2.00 X 0 0 0 THOMAS MCKINNEY TRUSTEE 2.00 X 0 0 0 LEAH MERRIFIELD TRUSTEE 2.00 X 0 0 0 SUNDEEP MULLANGI TRUSTEE 2.00 X 0 0 0 THOMAS NEIS TRUSTEE 2.00 X 0 0 0 LAURA RANDOLPH TRUSTEE 2.00 X 0 0 0 MARTINA SCANLAN TRUSTEE 2.00 X 0 0 0 COREY SCHIELER TRUSTEE 2.00 X 0 0 0 ANDY SHIRK TRUSTEE 2.00 X 0 0 0 KIMBERLY STERLING TRUSTEE 2.00 X 0 0 0 MARC TALLUTO TRUSTEE 2.00 X 0 0 0 DERRICK TILLMAN-KELLY TRUSTEE 2.00 X 0 0 0 STEVEN WANNEMACHER TRUSTEE 2.00 X 0 0 0 STEPHANIE WHYTE TRUSTEE 2.00 X 0 0 0 JOSH YOUNT TRUSTEE 2.00 X 0 0 0 SHEAHON ZENGER PRESIDENT 40.00 X 212500 0 38932 DAVID MARVIN INTERIM PROVOST 40.00 X 176752 0 39316 LEANN HUGHES VP ENROLLMENT & MARKETING 40.00 X 190000 0 49342 AMBER KUJATH PROFESSOR DIRECTOR OF NURSING 40.00 X 160000 0 45168 KARLA CARNEY-HALL VP STUDENT AFFAIRS 40.00 X 160391 0 32996 BRYAN MCCANNON DEAN OF SCHOOL OF BUSINESS & ECONOMICS 40.00 X 175975 0 24686 MARK BRODL BIOLOGY PROFESSOR 40.00 X 198112 0 41625 STEVEN SEIBRING VP EXTERNAL RELATIONSHIPS 40.00 X 208100 0 36450 JOHN QUARTON DIRECTOR PETRICK IDEA CENTER 40.00 X 173400 0 39922 MICHAEL WAGNER ATHLETIC DIRECTOR 40.00 X 128031 0 31213 DAKESA PINA VP OF STUDENT RETENTION 40.00 X 134100 0 40499 S GEORGIA NUGENT FORMER OFFICER 40.00 X 297917 0 38660 2215278 0 458809 35 1 1 0 CORE CONSTRUCTION SERVICES OF ILLINOIS I 601 SW WATER STREET PEORIA IL 61602 GENERAL CONTRACTOR 12935507 SODEXO SERVICES INC 104 UNIVERSITY STREET BLOOMINGTON IL 61701 FOOD SERVICES 6006233 MECHANICAL SERVICE OF GALESBURG 1144 MONMOUTH BLVD GALESBURG IL 61401 HVAC, PLUMBING, ELECTRICAL SERVICES 1017876 BLDD ARCHITECTS 100 MERCHANT STREET DECATUR IL 62523 ARCHITECTS 922628 ELLUCIAN COMPANY LLC 62578 COLLECTIONS CENTER DRIVE CHICAGO IL 60693 IT SERVICES VENDOR 779239 39 2227892 15180692 2849613 17408584 NET TUITION AND FEES 900099 34113114 34113114 AUXILLIARY ENTERPRISES 900099 16936159 16936159 OTHER EDUCATION AND GE 900099 1159093 1159093 52208366 705788 621209 84579 542472 523098 19374 19374 19374 109227271 329957 101798156 0 7429115 329957 7759072 7759072 615672 648371 -32699 -32699 78068485 52208366 607884 7843651 X 1814984 1814984 28884756 28117355 767401 1081037 1081037 7595542 7253621 341921 453370 453370 193921 193921 4691002 4340690 350312 4902149 4690677 211472 2576648 2572745 3903 7529247 7414929 114318 1512613 1468292 44321 143753 129605 14148 2586706 2586556 150 6460789 6144459 316330 1247965 1247965 COST OF GOODS SOLD - AU 4526396 4526396 TUITION REMISSION 2689853 2689853 MISCELLANEOUS 653646 625857 27789 STUDY ABROAD 315530 315530 138069 132651 5418 79997976 75985509 4012467 0 7246661 4784286 3677669 8292290 2882806 11947539 1493533 1536162 5571255 5174365 466939 557191 306265598 143017994 152434662 163247604 118628938 127899765 126811184 109805566 17095985 16589614 436309632 449834382 11736366 7485196 6576600 6821146 64971392 63493866 3350458 7025638 21540991 20315007 108175807 105140853 X 150827838 175659796 177305987 169033733 328133825 344693529 436309632 449834382 X -1929491 8715886 8267823 1505486 X X 0 1 X 1 1 1 X 14434118 11547322 7537914 14848160 17408584 65776098 14434118 11547322 7537914 14848160 17408584 65776098 7893837 57882261 6905294 1381187 416118 598994 84579 9386172 29599 607884 637483 75799753 247180894 0.76360 0.77130 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 806945 X 0 255858735 3430700 10687186 17236454 252740167 262018691 7217253 6904647 20281856 255858735 269244872 3849371 8480500 19556052 262018691 265282056 2327284 16521924 14886392 269244872 205197138 1706632 69251478 10210856 108076 554260 265282056 0.36418 0.06253 0.57328 1 0 10223599 10223599 251122248 116795416 134326832 31079263 26222578 4856685 13840488 13840488 163247604 PRIVATE EQUITY 58739768 F REIT & REAL ASSET FUNDS 11233330 F FARMLAND, REALTY, AND LEASED PROPERTIES 35997204 F OTHER INVESTMENTS 3835264 F 109805566 ACCRUED POSTRETIREMENT BENEFITS 9767000 ANNUITIES PAYABLE 2448604 ASSET RETIREMENT OBLIGATION 5043514 REFUNDABLE US GOVERNMENT GRANTS 2038300 AGENCY FUNDS 515886 OPERATING LEASE OBLIGATIONS 501703 20315007 X 89310291 8715886 2525920 11241806 78068485 0 78068485 81018410 1020434 1020434 79997976 0 79997976 PART III, LINE 4: CONTRIBUTED COLLLECTIONS SUCH AS WORKS OF ART AND HISTORICAL TREASURES, WHERE NO APPRAISED VALUE WAS ATTAINABLE AT THE TIME OF RECEIPT, ARE NOT RECOGNIZED AS REVENUE AND HAVE NOT BEEN CAPITALIZED OR DEPRECIATED. A COLLECTION OF TRADITIONAL PUEBLO POTTERY AND A FEW WOODEN AND BASKETRY OBJECTS WAS PRESENTED TO THE UNIVERSITY IN THE MID 1880'S BY JOHN WESLEY POWELL. THE COLLECTION IS PRESERVED BY THE UNIVERSITY AND IS ON DISPLAY IN THE AMES LIBRARY. PART V, LINE 4: ENDOWMENT FUNDS ARE INTENDED TO PROVIDE FINANCIAL SUPPORT FOR SCHOLARSHIPS, SCHOLARLY ACHIEVEMENT, PROGRAM SUPPORT AND OTHER FUNCTIONS OF THE UNIVERSITY CONSISTENT WITH DONOR INTENT. FINANCIAL SUPPORT IS PROVIDED FROM INVESTMENT INCOME OF THE ENDOWED CORPUS, WHICH IS INVESTED TO PROVIDE INCOME IN PERPETUITY. PART X, LINE 2: THE UNIVERSITY IS GENERALLY EXEMPT FROM INCOME TAXES UNDER INTERNAL REVENUE CODE, SECTION 501(A), AS AN ORGANIZATION DESCRIBED IN SECTION 501(C)(3). ACCORDINGLY, IT IS GENERALLY NOT SUBJECT TO INCOME TAXES EXCEPT TO THE EXTENT IT HAS TAXABLE INCOME FROM ACTIVITIES THAT ARE NOT RELATED TO ITS EXEMPT PURPOSE. THE UNIVERSITY ASSESSES UNCERTAIN TAX POSITIONS AND DETERMINED THAT THERE WERE NO SUCH POSITIONS THAT HAVE A MATERIAL EFFECT ON THE FINANCIAL STATEMENTS. PART XI, LINE 2D - OTHER ADJUSTMENTS: COGS EXPENSE 648,371. RENTAL EXPENSE 523,098. CHANGE IN SPLIT-INTEREST AGREEMENT 1,354,451. PART XII, LINE 2D - OTHER ADJUSTMENTS: COGS EXPENSE 230,856. RENTAL EXPENSE 523,098. CHANGE IN PRESENT VALUE SWAP AGREEMENT 266,480. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 THE UNIVERSITY'S STATEMENT OF NON-DISCRIMINATION CAN BE FOUND AT HTTPS://WWW.IWU.EDU/ABOUT/NON-DISCRIMINATION.HTML SCHEDULE E, PART I, LINE 6 THE UNIVERSITY ADMINISTERS FINANCIAL AID GRANTS FROM THE FEDERAL GOVERNMENT AND STATE OF ILLINOIS INCLUDING FEDERAL COLLEGE WORK STUDY. THE UNIVERSITY RECEIVES INDIRECT COST SHARE AS PART OF RESEARCH GRANTS FROM VARIOUS GOVERNMENTAL AGENCIES LIKE THE NATIONAL SCIENCE FOUNDATION. EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM 0 0 PROGRAM SERVICE STUDY ABROAD 285450 EAST ASIA AND THE PACIFIC 0 0 PROGRAM SERVICE STUDY ABROAD 30080 0 0 0 0 0 0 315530 0 315530 1 0 1 1 1 0 X X X X X 1 1 X X X X 0 0 0 0 0 0 0 0 0 S GEORGIA NUGENT FORMER OFFICER 297917 0 0 0 0 0 14875 0 23785 0 336577 0 0 0 SHEAHON ZENGER PRESIDENT 212500 0 0 0 0 0 12750 0 26182 0 251432 0 0 0 STEVEN SEIBRING VP EXTERNAL RELATIONSHIPS 208100 0 0 0 0 0 12486 0 23964 0 244550 0 0 0 MARK BRODL BIOLOGY PROFESSOR 198112 0 0 0 0 0 11887 0 29738 0 239737 0 0 0 LEANN HUGHES VP ENROLLMENT & MARKETING 190000 0 0 0 0 0 11400 0 37942 0 239342 0 0 0 DAVID MARVIN INTERIM PROVOST 176752 0 0 0 0 0 10593 0 28723 0 216068 0 0 0 JOHN QUARTON DIRECTOR PETRICK IDEA CENTER 173400 0 0 0 0 0 10404 0 29518 0 213322 0 0 0 AMBER KUJATH PROFESSOR DIRECTOR OF NURSING 160000 0 0 0 0 0 9600 0 35568 0 205168 0 0 0 BRYAN MCCANNON DEAN OF SCHOOL OF BUSINESS & ECONOMI 175975 0 0 0 0 0 10080 0 14606 0 200661 0 0 0 KARLA CARNEY-HALL VP STUDENT AFFAIRS 160391 0 0 0 0 0 9624 0 23372 0 193387 0 0 0 DAKESA PINA VP OF STUDENT RETENTION 134100 0 0 0 0 0 7800 0 32699 0 174599 0 0 0 MICHAEL WAGNER ATHLETIC DIRECTOR 128031 0 0 0 0 0 7682 0 23531 0 159244 0 0 0 PART I, LINE 1A HOUSING ALLOWANCE OR RESIDENCE FOR PERSONAL USE - THE PRESIDENT IS PROVIDED A RESIDENCE ON CAMPUS AND IS REQUIRED TO LIVE IN THIS RESIDENCE PER EMPLOYMENT CONTRACT. THIS RESIDENCE IS USED TO HOST SEVERAL UNIVERSITY SPONSORED FUNCTIONS THROUGHOUT THE YEAR. HEALTH OR SOCIAL CLUB DUES OR INITIATION FEES - COUNTRY CLUB DUES ARE REIMBURSED FOR THE PRESIDENT AND VICE PRESIDENT OF ADVANCEMENT. MEMBERSHIP IN THE COUNTRY CLUB IS A CONDITION OF EMPLOYMENT AND IS DEEMED CRITICAL FOR FUNDRAISING AND COMMUNITY SUPPORT. A ILLINOIS FINANCE AUTHORITY SERIES 2012 370662594 45203HHPO 2012-05-30 12900000 REFI SERIES 2001 & FUND CONSTRUCTION OF 2 APARTMENT STYLE HOUSING UNITS 0 0 0 B ILLINOIS FINANCE AUTHORITY SERIES 2016 370662594 45204EEG9 2016-07-13 56775000 REFI SERIES 2006, 2006B & 2008 0 0 0 A 12900000 301416 6277478 192722 2013 1 0 1 1 B 9435000 56775000 523341 6770635 292093 2016 1 0 1 1 A 0 0 0 0 0 0 1 B 0 0 0 0 0 0 1 A 0 0 0 1 1 1 PNC BANK 10.000000000000 0 0 0 0 0 B 0 0 0 1 0 0 0 0 0 A 1 B 1 SCHEDULE K, PART I: SERIES 2012 BOND PROCEEDS REFUNDED $6.275 MILLION OF SERIES 2001 BONDS AND FINANCED CONSTRUCTION OF 2 APARTMENT STYLE STUDENT HOUSING UNITS. SERIES 2016 BOND PROCEEDS REFUNDED $12.285 MILLION OF SERIES 2006 BONDS, $31.005 MILLION OF SERIES 2006B BONDS, AND $18.510 MILLION OF SERIES 2008 BONDS. X 1 30000 APPRAISAL X 14 2813661 GIFT DATE HIGH/LOW/MEAN X GIFT-IN-KIND ALUMNI EVENT COSTS/ATHLETIC TEAM AIRBNB 1 5952 COST 0 1 0 PART I, COLUMN (B): COLUMN B REPRESENTS THE NUMBER OF CONTRIBUTIONS. FORM 990, PART VI, SECTION A, LINE 1A IN ACCORDANCE WITH THE BY-LAWS OF THE BOARD OF TRUSTEES, THE EXECUTIVE COMMITTEE SHALL MEET AT LEAST ONCE BETWEEN REGULAR MEETINGS OF THE BOARD. THE EXECUTIVE COMMITTEE SHALL HAVE AND MAY EXERCISE THE AUTHORITY OF THE BOARD IN THE INTERIM BETWEEN STATED MEETINGS OF THE BOARD TO THE EXTENT PERMITTED BY LAW AND THE BY-LAWS AND THE BOARD ITSELF, EXCEPT THAT THE EXECUTIVE COMMITTEE SHALL NOT CONDUCT ELECTIONS OF THE BOARD MEMBERS, NOR FILL VACANCIES OF THE BOARD. FORM 990, PART VI, SECTION B, LINE 11B IT IS THE POLICY OF THE BOARD OF TRUSTEES OF ILLINOIS WESLEYAN UNIVERSITY THAT THE AUDIT & COMPLIANCE COMMITTEE SHALL REVIEW INTERNAL REVENUE SERVICES FORM 990 PRIOR TO FILING IT WITH THE IRS. ONCE THE AUDIT & COMPLIANCE COMMITTEE HAS REVIEWED IRS FORM 990, A COPY SHALL BE MADE AVAILABLE TO ALL BOARD MEMBERS PRIOR TO FILING OF FORM 990. BOARD MEMBERS SHALL EXERCISE THEIR BEST EFFORT TO REVIEW FORM 990. BOARD MEMBERS WHO HAVE COMMENTS OR REVISIONS TO FORM 990 SHALL SUBMIT THOSE COMMENTS OR REVISIONS TO THE AUDIT & COMPLIANCE COMMITTEE CHAIR NO LATER THAN ONE WEEK FOLLOWING NOTIFICATION OF THE AVAILABILITY OF THE FORM 990 BEING POSTED FOR REVIEW. FORM 990, PART VI, SECTION B, LINE 12C AN ANNUAL CONFLICT OF INTEREST STATEMENT IS COLLECTED FROM TRUSTEES AND KEY EMPLOYEES. REMINDERS ARE SENT TO TRUSTEES AND KEY EMPLOYEES WITH OUTSTANDING STATEMENTS UNTIL RECEIVED. CONFLICTS DISCLOSED ARE REVIEWED AND MONITORED. TRUSTEES ABSTAIN FROM VOTING WHEN A VOTE IS REQUIRED AND THE TRUSTEE HAS A CONFLICT OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION PROCESS FOR TOP OFFICIAL: THE PRESIDENT'S SALARY IS APPROVED ANNUALLY BY THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES AND A WRITTEN AGREEMENT IS SIGNED BY BOTH PARTIES. SALARY AMOUNT IS BASED ON, BUT NOT LIMITED TO: PRIOR SALARY, BUDGETED COMPENSATION INCREASE TO ALL EMPLOYEES OF THE UNIVERSITY, PERFORMANCE, CHANGES IN RESPONSIBILITY, COMPARATIVE DATA FROM CUPA AND OTHER RELEVANT FACTORS AS DETERMINED BY THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES. COMPENSATION PROCESS FOR OFFICERS: VICE PRESIDENTS SALARIES ARE APPROVED ANNUALLY BY THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES. SALARY AMOUNTS ARE BASED ON, BUT NOT LIMITED TO: PRIOR SALARY, BUDGETED COMPENSATION INCREASE TO ALL EMPLOYEES OF THE UNIVERSITY, PERFORMANCE, CHANGES IN RESPONSIBILITY, COMPARATIVE DATA FROM CUPA AND OTHER RELEVANT FACTORS AS DETERMINED BY THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES. THE PROCESS DESCRIBED HERE WAS LAST COMPLETED IN 2025. FORM 990, PART VI, SECTION C, LINE 19 THE UNIVERSITY DOES NOT MAKE ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY OR FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC. REQUESTS FOR SUCH DATA ARE REVIEWED AND INFORMATION IS PROVIDED IF DEEMED APPROPRIATE. FORM 990, PART IX, LINE 24E LEASES: PROGRAM SERVICE EXPENSES 132,651. MANAGEMENT AND GENERAL EXPENSES 5,418. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 138,069. FORM 990, PART XI, LINE 9: CHANGE IN SWAP LIABILITY -266,480. CHANGE IN SPLIT INTEREST AGREEMENT OBLIGATIONS 1,354,451. CATERING EXPENSES RECORDED IN SUBSEQUENT YEAR 417,515. FORM 990, PART XII, LINE 2C: THE PROCESS OF SELECTING AN INDEPENDENT AUDITOR HAS NOT CHANGED FROM PRIOR YEAR. FORM 990, PART IX, LINE 9 DURING THE PREPARATION OF FORM 990, ILLINOIS WESLEYAN UNIVERSITY IDENTIFIED AN EXPENSE ATTRIBUTABLE TO THE CURRENT TAX YEAR THAT WAS RECORDED IN THE ACCOUNTING RECORDS SUBSEQUENT TO YEAR END AND WAS NOT INCLUDED IN THE AUDITED FINANCIAL STATEMENTS. THE ORGANIZATION HAS INCLUDED THIS EXPENSE IN FORM 990, PART IX TO ACCURATELY REPORT ITS ACTIVITIES FOR THE YEAR. THE RESULTING DIFFERENCE BETWEEN THE AUDITED FINANCIAL STATEMENTS AND THE FORM 990 IS REPORTED IN PART XI AS A RECONCILING ITEM. FROM 990, PART I, LINE 6: VOLUNTEERS PARTICIPATE IN VARIOUS ACADEMIC, CAMPUS AND ALUMNI EVENTS LIKE HOMECOMING AND ALUMNI RELATIONS CONNECTIONS EVENTS. ACADEMIC VOLUNTEERS SPEAK TO CLASSES, ACT AS MENTORS AND HOST STUDENT VISITS TO VARIOUS WORKPLACES.