Roberts Wesleyan University
- Assets
- $131.4m
- Revenue
- $61.0m
- Investments
- $15.4m
- Employees
- 1,148
- Location
- Rochester, NY
- Founding
- 11/1951
- Data as of
- 06/2022
- EIN
- 16-0743126
Organization Overview
Roberts Wesleyan University is located in Rochester, NY. The organization was established in 1951. According to its NTEE Classification (B43) the organization is classified as: Universities, under the broad grouping of Education and related organizations. As of 06/2022, Roberts Wesleyan University employed 1,148 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Roberts 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, Roberts Wesleyan University generated $61.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.0% each year. All expenses for the organization totaled $59.1m during the year ending 06/2022. While expenses have increased by 1.7% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
AS A COMMUNITY OF LEARNERS COMMITTED TO HISTORIC CHRISTIANITY, RWC SEEKS TO PREPARE THOUGHTFUL, SPIRITUALLY MATURE, SERVICE-ORIENTED PEOPLE WHO WILL TRANSFORM SOCIETY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ROBERTS IS AN INNOVATIVE AND DISTINCTIVE CHRISTIAN COLLEGE OFFERING EXCELLENCE IN 90 PLUS LIBERAL ARTS AND PROFESSIONAL PROGRAMS. THE COLLEGE PREPARES STUDENTS FOR SERVICE TO HUMANITY IN BUSINESS, THE ARTS AND A VARIETY OF HUMAN SERVICE FIELDS. DURING THE 2022 FISCAL YEAR, OVER 1700 STUDENTS WERE ENROLLED.
ROBERTS IS AN INNOVATIVE AND DISTINCTIVE CHRISTIAN COLLEGE OFFERING EXCELLENCE IN 90 PLUS LIBERAL ARTS AND PROFESSIONAL PROGRAMS. THE COLLEGE PREPARES STUDENTS FOR SERVICE TO HUMANITY IN BUSINESS, THE ARTS AND A VARIETY OF HUMAN SERVICE FIELDS. DURING THE 2022 FISCAL YEAR, OVER 1700 STUDENTS WERE ENROLLED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Deana Porterfield President | Officer | 50 | $206,376 |
Laurie Leo Chief Financial Officer | Officer | 40 | $151,264 |
David Basinger Chief Academic Officer | Officer | 40 | $121,427 |
Kristen Brown VP For Student And Organzation | Officer | 40 | $108,343 |
Kimberley Wiedefeld VP For Enrollment Mangement | Officer | 45 | $106,600 |
Rachel Adams Goertel Associate Professor | 40 | $104,591 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Metz Culinary Management Food Service | 6/29/22 | $1,771,799 |
Eab Global Inc Research/marketing | 6/29/22 | $439,645 |
Mvp Health Services Corp Hr Services | 6/29/22 | $1,407,849 |
Harter Secrest And Emery Llp Legal Services | 6/29/22 | $217,853 |
Home Leasing Construction Llc Construction Service | 6/29/22 | $2,915,174 |
Metz Culinary Management Food Service | 6/29/22 | $1,771,799 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $17,390 |
| Related organizations | $72,000 |
| Government grants | $5,991,174 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,588,269 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $9,668,833 |
| Total Program Service Revenue | $47,905,851 |
| Investment income | $691,807 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,372,228 |
| Net Income from Fundraising Events | -$2,015 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $61,007,244 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $19,830,943 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $401,145 |
| Compensation of current officers, directors, key employees. | $46,519 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $19,849,227 |
| Pension plan accruals and contributions | $20,500 |
| Other employee benefits | $1,860,328 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $148,608 |
| Fees for services: Accounting | $80,998 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $136,636 |
| Fees for services: Other | $1,967,253 |
| Advertising and promotion | $899,276 |
| Office expenses | $825,779 |
| Information technology | $289,353 |
| Royalties | $0 |
| Occupancy | $1,853,853 |
| Travel | $408,821 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $93,080 |
| Interest | $767,055 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,590,490 |
| Insurance | $481,942 |
| All other expenses | $0 |
| Total functional expenses | $59,069,137 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $9,444 |
| Savings and temporary cash investments | $10,150,447 |
| Pledges and grants receivable | $1,940,365 |
| Accounts receivable, net | $4,001,748 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $942,487 |
| Inventories for sale or use | $28,927 |
| Prepaid expenses and deferred charges | $175,582 |
| Net Land, buildings, and equipment | $67,050,540 |
| Investments—publicly traded securities | $28,003,807 |
| Investments—other securities | $15,389,835 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,692,226 |
| Total assets | $131,385,408 |
| Accounts payable and accrued expenses | $2,437,598 |
| Grants payable | $0 |
| Deferred revenue | $2,369,485 |
| Tax-exempt bond liabilities | $15,751,895 |
| 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 | $8,458,247 |
| Total liabilities | $29,017,225 |
| Net assets without donor restrictions | $61,524,904 |
| Net assets with donor restrictions | $40,843,279 |
| 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 | $131,385,408 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Roberts Wesleyan University has recieved totaling $0.
| Awarding Organization | Amount |
|---|---|
Charles And Mary Crossed Foundation Rochester, NY PURPOSE: PRO-LIFE PUBLIC EDUCATION | $0 |
Endowment Analysis
| Beg. Balance | $35,202,803 |
| Earnings | -$2,867,349 |
| Net Contributions | $1,808,525 |
| Other Expense | $552,174 |
| Grants | $744,559 |
| Ending Balance | $32,847,246 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Point Park University Pittsburgh, PA | $213,510,842 | $122,379,566 |
Desales University Center Valley, PA | $267,808,643 | $127,653,675 |
University Of The Sciences In Philadelphia Philadelphia, PA | $394,161,147 | $107,500,197 |
Moravian University Bethlehem, PA | $317,733,693 | $123,053,733 |
Ursinus College Collegeville, PA | $337,795,514 | $116,678,933 |
Saint Peters University Jersey City, NJ | $164,476,054 | $118,523,321 |
Wagner College Staten Island, NY | $223,315,881 | $116,300,889 |
Canisius College Buffalo, NY | $289,486,779 | $104,179,636 |
University Of The Arts Philadelphia, PA | $189,935,840 | $110,070,964 |
Lesley University Cambridge, MA | $459,682,175 | $126,944,351 |
Alfred University Alfred, NY | $321,880,003 | $125,818,572 |
Saint Michaels College Colchester, VT | $214,854,575 | $111,425,492 |