Wayland Academy
- Assets
- $41.1m
- Revenue
- $7.3m
- Investments
- $223.2k
- Employees
- 58
- Location
- Beaver Dam, WI
- Founding
- 02/1945
- Data as of
- 06/2023
- EIN
- 39-0806363
Organization Overview
Wayland Academy is located in Beaver Dam, WI. The organization was established in 1945. According to its NTEE Classification (B25) the organization is classified as: Secondary & High Schools, under the broad grouping of Education and related organizations. As of 06/2023, Wayland Academy employed 58 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wayland Academy 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 06/2023, Wayland Academy generated $7.3m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.1% each year. All expenses for the organization totaled $8.1m during the year ending 06/2023. While expenses have increased by 2.8% per year over the past 8 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
WAYLAND ACADEMY PREPARES EACH STUDENT FOR COLLEGE AND BEYOND THROUGH A LIBERAL ARTS CURRICULUM AND CAMPUS PROGRAMS DEVOTED TO THE PURSUIT OF KNOWLEDGE AND THE DEVELOPMENT OF CHARACTER.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WAYLAND ACADEMY IS A COEDUCATIONAL COLLEGE PREPARATORY BOARDING AND DAY SCHOOL FOR STUDENTS IN GRADES 9 TO 12. AT WAYLAND ACADEMY, WE PREPARE EACH STUDENT FOR COLLEGE AND BEYOND THROUGH A LIBERAL ARTS CURRICULUM AND CAMPUS PROGRAMS DEVOTED TO THE PURSUIT OF KNOWLEDGE AND THE DEVELOPMENT OF CHARACTER. FOR THE 2022-2023 ACADEMIC YEAR, 166 STUDENTS REPRESENTED 24 COUNTRIES AND 10 STATES WERE ENROLLED AT WAYLAND ACADEMY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Larson Chair | OfficerTrustee | 2 | $0 |
Dottie Jung Vice Chair | OfficerTrustee | 2 | $0 |
Shelley Greenwood Vice Chair | OfficerTrustee | 2 | $0 |
Michael Vanharen Secretary | OfficerTrustee | 2 | $0 |
Peter Sensenbrenner Treasurer | OfficerTrustee | 2 | $0 |
Elizabeth Parker Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Inter-quest Inc Technology Services | 6/29/23 | $382,493 |
Sodexo Maintenance Facilities Management And Maintenance | 6/29/23 | $712,016 |
Odp Business Solutions Technology Services | 6/29/23 | $110,078 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $214,457 |
| Related organizations | $0 |
| Government grants | $7,497 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,093,665 |
| Noncash contributions included in lines 1a–1f | $177,080 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,315,619 |
| Total Program Service Revenue | $3,575,878 |
| Investment income | $410,232 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $9,915 |
| Net Income from Fundraising Events | -$23,214 |
| Net Income from Gaming Activities | $14,805 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,303,235 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $324,489 |
| Compensation of current officers, directors, key employees. | $324,489 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,508,307 |
| Pension plan accruals and contributions | $116,415 |
| Other employee benefits | $427,532 |
| Payroll taxes | $198,891 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,419 |
| Fees for services: Accounting | $58,631 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $82,450 |
| Fees for services: Other | $1,715,340 |
| Advertising and promotion | $41,848 |
| Office expenses | $436,627 |
| Information technology | $230,021 |
| Royalties | $0 |
| Occupancy | $512,292 |
| Travel | $226,301 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $64,276 |
| Interest | $16,812 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $703,918 |
| Insurance | $201,860 |
| All other expenses | $0 |
| Total functional expenses | $8,106,396 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $170,584 |
| Savings and temporary cash investments | $1,729,836 |
| Pledges and grants receivable | $616,403 |
| Accounts receivable, net | $93,434 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $212,265 |
| Net Land, buildings, and equipment | $16,452,309 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $223,191 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $21,631,137 |
| Total assets | $41,129,159 |
| Accounts payable and accrued expenses | $129,699 |
| Grants payable | $0 |
| Deferred revenue | $2,112,833 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $3,654,777 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $176,999 |
| Total liabilities | $6,074,308 |
| Net assets without donor restrictions | $9,292,363 |
| Net assets with donor restrictions | $25,762,488 |
| 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 | $41,129,159 |