Wheaton College

Organization Overview

Wheaton College is located in Wheaton, IL. The organization was established in 1976. According to its NTEE Classification (B42) the organization is classified as: Undergraduate Colleges, under the broad grouping of Education and related organizations. As of 06/2021, Wheaton College employed 2,978 individuals. This organization is a parent organization of an affiliated group for tax-exemption purposes. Wheaton College 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 06/2021, Wheaton College generated $280.8m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 8.8% each year. All expenses for the organization totaled $163.6m during the year ending 06/2021. While expenses have increased by 1.8% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Since 2015, Wheaton College has awarded 215 individual grants totaling $6,283,448. 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.

Mission & Program ActivityExcerpts From the 990T Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

WHEATON COLLEGE SERVES JESUS CHRIST AND ADVANCES HIS KINGDOM THROUGH EXCELLENCE IN LIBERAL ARTS AND GRADUATE PROGRAMS THAT EDUCATE THE WHOLE PERSON TO BUILD THE CHURCH AND BENEFIT SOCIETY WORLDWIDE.

Describe the Organization's Program Activity:

EDUCATION AND INSTRUCTION - THE COLLEGE OFFERS UNDERGRADUATE DEGREES IN 44 AREAS OF MAJOR STUDY INCLUDING 6 IN THE CONSERVATORY; 16 MASTER OF ARTS DEGREES AND 3 DOCTORAL DEGREES. THERE ARE APPROXIMATELY 3,000 STUDENTS ENROLLED AT THE COLLEGE.


STUDENT SERVICES - PROGRAMS ARE PROVIDED FOR THE ENRICHMENT OF THE STUDENTS TO ALLOW THEM TO EXPERIENCE LIFE AS A CHRISTIAN COMMUNITY. WHEATON COLLEGE ATHLETICS SPONSORS 21 SPORTS FOR MALE AND FEMALE STUDENT ATHLETES.


AUXILIARY ENTERPRISES - THE COLLEGE PROVIDES ROOM AND BOARD FOR ITS STUDENTS.


ARTIST SERIES, THE COMMUNITY SCHOOL OF THE ARTS AND SUMMER SPORTS CAMPS. MINOR PROGRAMS, APPLICATION FEES, TUITION INSTALLMENT PLAN FEES, PARKING FINES, PARKING PERMITS AND LIBRARY FINES. THE COLLEGE SOLICITS A VARIETY OF CONTRIBUTIONS FOR ITS PROGRAMS INCLUDING DONOR-ADVISED FUNDS. DONOR-ADVISED FUND CONTRIBUTIONS RECEIVED ARE ACCOUNTED FOR AS OTHER INVESTMENTS. DONOR-ADVISED FUNDS ALLOW FOR THE DONOR TO RECOMMEND DISTRIBUTIONS TO COLLEGE PROGRAMS OR OTHER CHARITABLE ORGANIZATIONS. ALTHOUGH THE COLLEGE GENERALLY COMPLIES WITH THE DONOR'S RECOMMENDATION, THEY ARE SUBJECT TO APPROVAL BY THE COLLEGE'S CHARITY SELECTION COMMITTEE. THE COLLEGE'S POLICY IS TO DISTRIBUTE A MAXIMUM OF 75% - 90% OF DONOR-ADVISED FUND CONTRIBUTIONS TO UNRELATED THIRD PARTIES.


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Board, Officers & Key Employees

Name (title)Compensation
Name Not Listed
Trustee
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Bon Appetit
Food Service
$5,171,381
Ma Mortenson Co
Construction Services
$5,060,199
Power Construction
Construction Services
$1,027,992
Mep Associates Llc
Engineering Consultants
$436,887
Kinsale Contracting Group
Construction Services
$308,443
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$543,702
Government grants $4,748,604
All other contributions, gifts, grants, and similar amounts not included above$36,960,396
Noncash contributions included in lines 1a–1f $4,688,538
Total Revenue from Contributions, Gifts, Grants & Similar$42,252,702
Total Program Service Revenue$114,849,588
Investment income $8,006,198
Tax Exempt Bond Proceeds $0
Royalties $23,857
Net Rental Income $41,192
Net Gain/Loss on Asset Sales $114,806,437
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $280,776,360

Grants Awarded

Over the last fiscal year, Wheaton College has awarded $2,356,434 in support to 46 organizations.

Grant RecipientAmount

Speculator, NY

PURPOSE: General Fund

$260,000

COVENANT CHURCH OF NAPLES

Org PageRecipient Profile

Naples, FL

PURPOSE: $50k Capital Campaign;$15 General Fund;$135k Missions

$200,000

SAMARITAN'S PURSE

Org PageRecipient Profile

Boone, NC

PURPOSE: $6k General Fund; $37,500 Alaska; $112,500 Disaster Relief

$156,000

CHILD EVANGELISM FELLOWSHIP OF BUCKS COUNTY

Org PageRecipient Profile

Warrenton, MO

PURPOSE: mission support

$150,000

TRANS WORLD RADIO

Org PageRecipient Profile

Cary, NC

PURPOSE: $75k Women of Hope;$75k General Fund

$150,000

CORNERSTONE COMMUNITY CHURCH

Org PageRecipient Profile

Philadelphia, PA

PURPOSE: $10k mission support;$140k General Fund

$150,000
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 3 grants that Wheaton College has recieved totaling $22,000.

Awarding OrganizationAmount
$15,000
Backer Family Charitable Trust

Omaha, NE

PURPOSE: GENERAL FUND

$5,000
Myer & Lois Franklin Charitable Tr

Jackson, MI

PURPOSE: SCHOLORSHIP

$2,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$502,044,000
Earnings$157,876,000
Net Contributions$11,367,000
Other Expense$1,388,000
Grants$22,466,000
Ending Balance$647,433,000

Peer Organizations

Organization NameAssets
Columbia College Chicago
Chicago, IL
$221,332,415
Indiana Wesleyan University
Marion, IN
$212,201,058
Trustees Of Grinnell College
Grinnell, IA
$273,975,826
Depauw University
Greencastle, IN
$170,125,801
Concordia University Inc
Mequon, WI
$168,516,078
Wheaton College
Wheaton, IL
$280,776,360
Berea College
Berea, KY
$205,202,087
Augustana College
Rock Island, IL
$147,587,977
Marian University
Indianapolis, IN
$176,218,802
Carroll University Inc
Waukesha, WI
$140,965,442
Campbellsville University Inc
Campbellsville, KY
$142,326,474
Luther College
Decorah, IA
$125,968,312

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