Wgu Advancement
- Assets
- $0.0
- Revenue
- $4.3m
- Investments
- $0.0
- Employees
- 0
- Location
- Salt Lake City, UT
- Founding
- 09/2018
- Data as of
- 12/2022
- EIN
- 82-4547364
Organization Overview
Wgu Advancement is located in Salt Lake City, UT. The organization was established in 2018. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wgu Advancement 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 12/2022, Wgu Advancement generated $4.3m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 6.0% each year.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO SUPPORT THE EDUCATIONAL AND CHARITABLE PURPOSES OF WESTERN GOVERNORS UNIVERSITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WGU ADVANCEMENT SUPPORTS THE EDUCATIONAL AND CHARITABLE PURPOSES OF WESTERN GOVERNORS UNIVERSITY AND AFFILIATES BY ENGAGING IN FUND-RAISING ACTIVITIES, INCLUDING IDENTIFYING OPPORTUNITIES FOR FUNDED RESEARCH PROJECTS, BUILDING ALUMNI OUTREACH, SOLICITING SUPPORT FROM GOVERNMENT AGENCIES AND PRIVATE FOUNDATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Scott Pulsipher Director / Chair | Trustee | 1 | $0 |
David Grow Director / Treasurer | OfficerTrustee | 3 | $0 |
Annalisa Holcombe Director / President | OfficerTrustee | 41 | $367,028 |
Sarah Hook Secretary | Officer | 2 | $0 |
William Curtis Ryan Director Of Operations | 40 | $152,206 | |
Gilbert Rojas Special Projects | 40 | $127,571 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Bentz Whaley Flessner And Associa Funrasing Consultant | 6/29/19 | $176,317 |
American Philanthropic Llc Strategic Consulting | 6/29/19 | $130,090 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $1,692,394 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,549,479 |
| Noncash contributions included in lines 1a–1f | $10,345 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,241,873 |
| Total Program Service Revenue | $0 |
| Investment income | $40,301 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$16,103 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,266,071 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,593,049 |
| 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. | $287,415 |
| Compensation of current officers, directors, key employees. | $92,112 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,108,537 |
| Pension plan accruals and contributions | $68,165 |
| Other employee benefits | $109,846 |
| Payroll taxes | $87,625 |
| Fees for services: Management | $16,970 |
| Fees for services: Legal | $32,684 |
| Fees for services: Accounting | $39,580 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $19,850 |
| Fees for services: Investment Management | $2,320 |
| Fees for services: Other | $177,700 |
| Advertising and promotion | $94,117 |
| Office expenses | $96,179 |
| Information technology | $27,540 |
| Royalties | $0 |
| Occupancy | $64,381 |
| Travel | $86,803 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $95,646 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $6,888 |
| Insurance | $2,652 |
| All other expenses | $0 |
| Total functional expenses | $4,017,947 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $0 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| 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 | $0 |
Grants Awarded
Over the last fiscal year, Wgu Advancement has awarded $1,593,049 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
WGU CORPORATION PURPOSE: REMITTANCES TO WGU | $1,578,049 |
WGU ACADEMY PURPOSE: TRANSACTIONS FOR WGU ACADEMY | $15,000 |