Indiana Wesleyan University
- Assets
- $535.1m
- Revenue
- $212.2m
- Investments
- $0.0
- Employees
- 3,851
- 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 06/2024, Indiana Wesleyan University employed 3,851 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 (0.5%) 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 51 individual grants totaling $687,210. 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 President Emeritus | Officer | 40 | $228,820 |
Rod Reed End 1222 Chancellor/ National & Global | 40 | $140,781 | |
Karen Dowling VP For Diversity | 40 | $146,316 | |
Carson Castleman VP Of Student Experience | 40 | $168,604 | |
Eulala Eileen Hulme Chancellor/national & Global | Officer | 40 | $160,158 |
Nancy Schoonmaker Executive VP And CFO | Officer | 40 | $154,859 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Pioneer College Caterers Food Service | 6/29/23 | $4,957,682 |
Weigand Construction Construction | 6/29/23 | $3,517,877 |
Google Llc Advertising | 6/29/23 | $7,242,095 |
Echopoint Media Media Services | 6/29/23 | $4,430,662 |
Slingshot Textbooks | 6/29/23 | $4,506,515 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $31,493,322 |
| 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 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 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 |
| 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 |
| Total liabilities and net assets/fund balances | $485,132,890 |
Grants Awarded
Over the last fiscal year, Indiana Wesleyan University has awarded $72,000 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
UNITED WAY OF GRANT COUNTY PURPOSE: OPERATIONAL SUPPORT | $15,000 |
BRIDGES TO HEALTH PURPOSE: OPERATIONAL SUPPORT | $12,000 |
BOYS AND GIRLS CLUB PURPOSE: OPERATIONAL SUPPORT | $10,000 |
FAMILY SERVICES SOCIETY PURPOSE: OPERATIONAL SUPPORT | $10,000 |
CAREY SERVICES PURPOSE: OPERATIONAL SUPPORT | $25,000 |