Indiana Wesleyan University
- Assets
- $535.1m
- Revenue
- $212.2m
- Investments
- $0.0
- Employees
- 4,062
- Location
- Marion, IN
- Founding
- 05/1970
- Data as of
- 06/2022
- EIN
- 35-0885591
Organization Overview
Indiana Wesleyan University is located in Marion, IN. The organization was established in 1970. According to its NTEE Classification (B42) the organization is classified as: Undergraduate Colleges, under the broad grouping of Education and related organizations. As of 06/2022, Indiana Wesleyan University employed 4,062 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Indiana Wesleyan University is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Indiana Wesleyan University generated $212.2m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.1%) each year. All expenses for the organization totaled $213.7m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (0.2%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Indiana Wesleyan University has awarded 46 individual grants totaling $615,210. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
INDIANA WESLEYAN UNIVERSITY IS A CHRIST-CENTERED ACADEMIC COMMUNITY COMMITTED TO CHANGING THE WORLD BY DEVELOPING STUDENTS IN CHARACTER, SCHOLARSHIP, AND LEADERSHIP
Describe the Organization's Program Activity:
INSTRUCTION: THIS PROGRAM ENCOMPASSES A WIDE RANGE OF INSTRUCTIONS IN LIBERAL ARTS CURRICULUM, AS WELL AS PROVIDING TEXTBOOK DISTRIBUTION AND RESIDENTIAL DINING SERVICES FOR STUDENTS. BOOKSTORE: THIS PROGRAM SERVICE PROVIDES TEXTBOOK DISTRIBUTION FOR STUDENTS. FOOD SERVICE: THIS PROGRAM SERVICE PROVIDES STUDENTS RESIDENTIAL DINING SERVICES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Wright University President | OfficerTrustee | 40 | $265,117 |
M Dennis Lucas Chancellor National & Global | Officer | 40 | $162,173 |
Nancy Schoonmaker Executive VP & CFO | Officer | 40 | $149,688 |
Scott Turcott VP Of Advancement/cao | 40 | $138,910 | |
Silvia Lucaschi-Decker VP Of Enrollment Management | 40 | $137,336 | |
Rosanne Thomas Associate Professor, Health Sc | 40 | $135,395 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Pioneer College Caterers Food Service | 6/29/22 | $4,853,360 |
Peregrine Academic Services Assessment | 6/29/22 | $445,968 |
Weigand Construction Construction | 6/29/22 | $759,611 |
Simmons Roof Maintenance Llc Roofing | 6/29/22 | $468,123 |
Metcom Studios Inc Media Production | 6/29/22 | $446,466 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $628,583 |
| Related organizations | $2,669,232 |
| Government grants | $18,650,623 |
| All other contributions, gifts, grants, and similar amounts not included above | $9,544,884 |
| Noncash contributions included in lines 1a–1f | $296,500 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $31,493,322 |
| Total Program Service Revenue | $173,877,299 |
| Investment income | $6,856,055 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $212,548 |
| Net Gain/Loss on Asset Sales | $44,736 |
| Net Income from Fundraising Events | -$282,902 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $212,201,058 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $97,000 |
| Grants and other assistance to domestic individuals. | $35,848,958 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $673,993 |
| Compensation of current officers, directors, key employees. | $673,993 |
| Compensation to disqualified persons | $254,647 |
| Other salaries and wages | $74,609,716 |
| Pension plan accruals and contributions | $5,363,748 |
| Other employee benefits | $13,329,876 |
| Payroll taxes | $5,126,075 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $67,693 |
| Fees for services: Accounting | $89,400 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $201,357 |
| Fees for services: Investment Management | $920,475 |
| Fees for services: Other | $4,089,029 |
| Advertising and promotion | $19,294,531 |
| Office expenses | $6,862,499 |
| Information technology | $6,824,287 |
| Royalties | $0 |
| Occupancy | $7,576,983 |
| Travel | $3,037,783 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $431,175 |
| Interest | $80,503 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $13,300,132 |
| Insurance | $1,199,428 |
| All other expenses | $0 |
| Total functional expenses | $213,678,137 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $10,305 |
| Savings and temporary cash investments | $10,397,291 |
| Pledges and grants receivable | $6,452,752 |
| Accounts receivable, net | $7,556,125 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $5,135,437 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $3,302,488 |
| Net Land, buildings, and equipment | $239,717,802 |
| Investments—publicly traded securities | $256,429,571 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $6,076,684 |
| Total assets | $535,078,455 |
| Accounts payable and accrued expenses | $17,112,503 |
| Grants payable | $0 |
| Deferred revenue | $7,825,279 |
| Tax-exempt bond liabilities | $14,953,368 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $10,054,415 |
| Total liabilities | $49,945,565 |
| Net assets without donor restrictions | $390,151,653 |
| Net assets with donor restrictions | $94,981,237 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $535,078,455 |
Grants Awarded
Over the last fiscal year, Indiana Wesleyan University has awarded $97,000 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
Marion, IN PURPOSE: OPERATIONAL SUPPORT | $25,000 |
Marion, IN PURPOSE: OPERATIONAL SUPPORT | $25,000 |
Marion, IN PURPOSE: OPERATIONAL SUPPORT | $15,000 |
Marion, IN PURPOSE: OPERATIONAL SUPPORT | $12,000 |
Marion, IN PURPOSE: OPERATIONAL SUPPORT | $10,000 |
Marion, IN PURPOSE: OPERATIONAL SUPPORT | $10,000 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Indiana Wesleyan University has recieved totaling $5,150.
| Awarding Organization | Amount |
|---|---|
Matthew 28 18-20 Charitable Foundation South Bend, IN PURPOSE: GENERAL SUPPORT | $4,150 |
Myer & Lois Franklin Charitable Tr Jackson, MI PURPOSE: SCHOLARSHIP | $1,000 |
Endowment Analysis
| Beg. Balance | $268,508,114 |
| Earnings | -$33,754,228 |
| Net Contributions | $2,343,292 |
| Grants | $7,195,247 |
| Ending Balance | $229,901,931 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Columbia College Chicago Chicago, IL | $667,072,943 | $221,332,415 |
Indiana Wesleyan University Marion, IN | $535,078,455 | $212,201,058 |
Depauw University Greencastle, IN | $1,044,669,443 | $170,125,801 |
Concordia University Inc Mequon, WI | $163,946,113 | $168,516,078 |
Wheaton College Wheaton, IL | $1,105,725,018 | $280,776,360 |
Berea College Berea, KY | $1,637,313,850 | $205,202,087 |
Augustana College Rock Island, IL | $426,442,517 | $147,587,977 |
Marian University Indianapolis, IN | $323,995,376 | $176,218,802 |
Carroll University Inc Waukesha, WI | $261,882,162 | $140,965,442 |
Campbellsville University Inc Campbellsville, KY | $197,242,279 | $142,326,474 |
Centre College Of Kentucky Danville, KY | $677,636,297 | $215,283,093 |
Lawrence University Of Wisconsin Appleton, WI | $632,228,886 | $124,103,689 |