Wittenberg College Board Of Directors
- Assets
- $210.2m
- Revenue
- $90.6m
- Investments
- $34.0m
- Employees
- 1,326
- Location
- Springfield, OH
- Founding
- 09/1941
- Data as of
- 06/2021
- EIN
- 31-0537177
Organization Overview
Wittenberg College Board Of Directors, operating under the name Wittenberg University, is located in Springfield, OH. The organization was established in 1941. According to its NTEE Classification (B42) the organization is classified as: Undergraduate Colleges, under the broad grouping of Education and related organizations. As of 06/2022, Wittenberg University employed 1,326 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wittenberg 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 06/2021, Wittenberg University generated $90.6m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.7%) each year. All expenses for the organization totaled $87.1m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (0.6%) per year over the past 7 years. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
WITTENBERG UNIVERSITY PROVIDES A LIBERAL ARTS EDUCATION DEDICATED TO INTELLECTUAL INQUIRY AND WHOLENESS OF PERSON WITHIN A DIVERSE RESIDENTIAL COMMUNITY. REFLECTING ITS LUTHERAN HERITAGE, WITTENBERG CHALLENGES STUDENTS TO BECOME RESPONSIBLE GLOBAL CITIZENS, TO DISCOVER THEIR CALLINGS, AND TO LEAD PERSONAL, PROFESSIONAL, AND CIVIC LIVES OF CREATIVITY, SERVICE, COMPASSION, AND INTEGRITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WITTENBERG UNIVERSITY CURRENTLY ENROLLS APPROXIMATELY 1,330 FULL-TIME AND PART-TIME STUDENTS WHO PURSUE DEGREES IN MORE THAN 35 MAJOR FIELDS OF STUDY. THE UNIVERSITY HOLDS REGIONAL ACCREDITATION FROM THE HIGHER LEARNING COMMISSION (HLC) WHILE SOME ACADEMIC DEPARTMENTS HOLD SPECIALTY ACCREDITATION FOR SPECIFIC DEGREE PROGRAMS. WITTENBERG UNIVERSITY IS AUTHORIZED TO CONFER DEGREES OF BACHELOR OF ARTS, BACHELOR OF SCIENCE, BACHELOR OF FINE ARTS, BACHELOR OF MUSIC, BACHELOR OF MUSIC EDUCATION. THE UNIVERSITY IS ALSO AUTHORIZED TO CONFER MASTER-LEVEL DEGREES INCLUDING A MASTER OF ARTS IN EDUCATION, MASTER OF SCIENCE IN ANALYTICS, AND A MASTER OF ARTS IN SPORT ADMINISTRATION.
STUDENTS AT WITTENBERG HAVE THE OPPORTUNITY TO PARTICIPATE IN MORE THAN 70 CO-CURRICULAR ORGANIZATIONS WITH MULTIPLE LEADERSHIP OPPORTUNITIES. STUDENT ORGANIZATIONS ARE SOME OF THE MOST ACTIVE AND IMPACTFUL GROUPS ON CAMPUS. WITTENBERG OFFERS A BROAD-BASED INTERCOLLEGIATE ATHLETIC PROGRAM, NOW OFFERING 24 VARSITY TEAMS 11 FOR MEN AND 13 FOR WOMEN. THERE IS SOMETHING TO MEET EVERY STUDENT'S EXTRACURRICULAR NEED.
WITTENBERG IS A RESIDENTIAL CAMPUS WITH APPROXIMATELY 79% OF STUDENTS RESIDING IN UNIVERSITY HOUSING. STUDENTS MAY CHOOSE TO LIVE IN ONE OF 7 DISTINCT RESIDENCE HALLS IF THEY ARE FRESHMAN OR SOPHOMORES. WITTENBERG ALSO OFFERS A WIDE SELECTION OF HOUSES AND APARTMENTS FOR JUNIORS AND SENIORS. UNIVERSITY DINING IS AVAILABLE ON CAMPUS AND THE STUDENT CENTER HOUSES A BOOKSTORE, CAMPUS MAILROOM, GAME ROOM, LOUNGES AND OTHER AMENITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Michael Frandsen President | OfficerTrustee | 40 | $337,694 |
William Edwards Board Chair | OfficerTrustee | 1 | $0 |
Eric Rusnak Board Vice Chair | OfficerTrustee | 1 | $0 |
Wendy Ford Board Secretary | OfficerTrustee | 1 | $0 |
Ronald Szuch Board Treasurer | OfficerTrustee | 1 | $0 |
David Baines Board Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Parkhurst Dining Services Dining/catering Services | 6/29/22 | $2,799,595 |
Campus Works Inc It Services | 6/29/22 | $963,090 |
Waybetter Marketing Inc Marketing Services | 6/29/22 | $351,000 |
Simpson Scarborough Consulting Services | 6/29/22 | $745,425 |
Scioto Llc Alpha Omega Building Service Janitorial Services | 6/29/22 | $1,108,299 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $16,575,957 |
| Investment income | $2,433,010 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $4,593,181 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $25,739 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $90,582,259 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $36,348,176 |
| Grants and other assistance to Foreign Orgs/Individuals | $262,135 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $508,408 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $19,103,266 |
| Pension plan accruals and contributions | $91,669 |
| Other employee benefits | $2,727,809 |
| Payroll taxes | $1,377,397 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $477,947 |
| Fees for services: Accounting | $75,075 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $184,002 |
| Fees for services: Investment Management | $343,445 |
| Fees for services: Other | $2,536,047 |
| Advertising and promotion | $460,691 |
| Office expenses | $925,068 |
| Information technology | $848,911 |
| Royalties | $0 |
| Occupancy | $8,627,425 |
| Travel | $310,264 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $2,603,823 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,607,931 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $87,051,876 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,600 |
| Savings and temporary cash investments | $17,054,061 |
| Pledges and grants receivable | $3,284,099 |
| Accounts receivable, net | $4,603,023 |
| 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 | $385,079 |
| Investments—publicly traded securities | $85,689,129 |
| Investments—other securities | $34,027,645 |
| Investments—program-related | $5,906,654 |
| Intangible assets | $0 |
| Other assets | $8,234,027 |
| Total assets | $210,164,977 |
| Accounts payable and accrued expenses | $9,775,418 |
| Grants payable | $0 |
| Deferred revenue | $3,055,345 |
| Tax-exempt bond liabilities | $40,882,044 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $983,679 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $8,489,272 |
| Total liabilities | $63,185,758 |
| 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 |
| Total liabilities and net assets/fund balances | $146,979,219 |