Kentucky Wesleyan College

Organization Overview

Kentucky Wesleyan College is located in Owensboro, KY. The organization was established in 1956. According to its NTEE Classification (B42) the organization is classified as: Undergraduate Colleges, under the broad grouping of Education and related organizations. As of 05/2022, Kentucky Wesleyan College employed 494 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kentucky Wesleyan 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 05/2022, Kentucky Wesleyan College generated $34.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.2% each year. All expenses for the organization totaled $31.7m during the year ending 05/2022. While expenses have increased by 5.6% per year over the past 7 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.

Mission & Program ActivityExcerpts From the 990T Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

FOSTER A LIBERAL ARTS EDUCATION THAT NOURISHES, STIMULATES AND PREPARES FUTURE LEADERS INTELLECTUALLY, SPIRITUALLY AND PHYSICALLY TO ACHIEVE SUCCESS IN LIFE

Describe the Organization's Program Activity:

KENTUCKY WESLEYAN COLLEGE, IN PARTNERSHIP WITH THE UNITED METHODIST CHURCH, PROVIDES INSTRUCTION AND RELATED ACTIVITIES TO STUDENTS BY OFFERING A QUALITY LIBERAL ARTS EDUCATION AND OPPORTUNITIES FOR PERSONAL GROWTH AND LEADERSHIP.


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Board, Officers & Key Employees

Name (title)Compensation
Tom Mitzel
President
$228,582
Dan Frazier
V.P. Of Finance
$136,440
Mark Shook
V.P. Of Athletics
$103,794
Eddie Kenny
V.P. Of Advancement
$94,913
Scott E Kramer
V.P. Of Executive Initiatives
$93,394
Rebecca Mcqueen-Ruark
V.p Of Student Life
$84,927

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Aladdin Food Management Services
Food Service Contractor
$1,423,001
Lonnie Nave's Service Company
Hvac Contractor
$459,531
Building By Wayne Baker Inc
Construction Services
$372,586
Miller Transportation
Travel Bus Transportation
$293,171
Us Lawns-owensboro Ky
Lawn Services
$267,436
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$2,350
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $247,071
All other contributions, gifts, grants, and similar amounts not included above$6,396,430
Noncash contributions included in lines 1a–1f $39,708
Total Revenue from Contributions, Gifts, Grants & Similar$6,645,851
Total Program Service Revenue$24,555,459
Investment income $688,114
Tax Exempt Bond Proceeds $0
Royalties $2,953
Net Rental Income $10,808
Net Gain/Loss on Asset Sales $2,540,697
Net Income from Fundraising Events $34,964
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $34,478,846

Grants Recieved

Over the last fiscal year, we have identified 2 grants that Kentucky Wesleyan College has recieved totaling $17,434.

Awarding OrganizationAmount
Lena Harris Tr Ua Fbo Methodist Technological Students

Pittsburgh, PA

PURPOSE: GENERAL SUPPORT

$12,434
Koch Foundation Inc

Evansville, IN

PURPOSE: CHARITABLE OPERATIONS

$5,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$42,146,419
Earnings-$2,533,687
Net Contributions$965,956
Other Expense$310,657
Grants$1,553,282
Ending Balance$38,714,749

Peer Organizations

Organization NameAssets
Campbellsville University Inc
Campbellsville, KY
$142,326,474
Centre College Of Kentucky
Danville, KY
$215,283,093
Roanoke College
Salem, VA
$126,475,040
Lake Forest College
Lake Forest, IL
$111,531,265
Ohio Wesleyan University
Delaware, OH
$119,149,215
Trine University Inc
Angola, IN
$121,889,140
Lee University
Cleveland, TN
$108,753,431
Saint Marys College
Notre Dame, IN
$143,002,673
Taylor University
Upland, IN
$122,251,609
Union University
Jackson, TN
$103,290,604
Wittenberg College Board Of Directors
Springfield, OH
$89,178,248
Millikin University
Decatur, IL
$97,576,221

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