Wabash College
- Assets
- $537.1m
- Revenue
- $89.7m
- Investments
- $261.8m
- Employees
- 951
- Location
- Crawfordsville, IN
- Founding
- 11/1941
- Data as of
- 06/2020
- EIN
- 35-0868202
Organization Overview
Wabash College is located in Crawfordsville, IN. 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 06/2021, Wabash College employed 951 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wabash 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 06/2020, Wabash College generated $89.7m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 7.4% each year. All expenses for the organization totaled $81.1m during the year ending 06/2020. While expenses have increased by 2.4% per year over the past 6 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.
Since 2015, Wabash College has awarded 152 individual grants totaling $3,704,932. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
WABASH COLLEGE IS A LIBERAL ARTS COLLEGE FOR MEN THAT EDUCATES THEM TO THINK CRITICALLY, ACT RESPONSIBLY, LEAD EFFECTIVELY, AND LIVE HUMANELY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
INSTRUCTION - THE ACADEMIC INSTRUCTION PROGRAM. STUDENT SERVICES AND ATHLETICS - ACTIVITIES WHOSE PRIMARY GOAL IS TO CONTRIBUTE TO THE STUDENT'S EMOTIONAL AND PHYSICAL WELL-BEING AS WELL AS INTELLECTUAL, CULTURAL, AND SOCIAL DEVELOPMENT OUTSIDE OF THE CLASSROOM. ACADEMIC SUPPORT AND LIBRARY - SUPPORT SERVICES FOR INSTRUCTION, RESEARCH, AND PUBLIC SERVICE. INCLUDES LIBRARY AND COMPUTER SERVICES. 868 STUDENTS SERVED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Hess Gregory Former President | 50 | $358,919 | |
Feller Scott E President | OfficerTrustee | 50 | $316,647 |
Jones Steven L Dean For Prof. Development | 50 | $225,106 | |
Cooks Kendra A Chief Financial Off/treasurer | Officer | 50 | $195,300 |
Janssen Michelle L Dean For Advancement | 50 | $192,219 | |
Westfield Nancy L Director Of Wabash Center | 50 | $189,841 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Strategic Investment Group Llc Investment Services | 6/29/21 | $985,778 |
F A Wilhelm Constructions Co In Construction | 6/29/21 | $8,877,088 |
Sodexo And Affiliates Campus Services | 6/29/21 | $3,210,826 |
Compass Group Usa Inc Food Service | 6/29/21 | $2,016,720 |
Campus Cooks Llc Food Service | 6/29/21 | $915,214 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $33,720,126 |
| Investment income | $7,921,546 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,637,533 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $64,110 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $89,745,763 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $25,555,144 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,695,283 |
| Compensation to disqualified persons | $26,210 |
| Other salaries and wages | $20,477,877 |
| Pension plan accruals and contributions | $1,102,322 |
| Other employee benefits | $3,216,409 |
| Payroll taxes | $1,398,316 |
| Fees for services: Management | $66,403 |
| Fees for services: Legal | $370,168 |
| Fees for services: Accounting | $157,835 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $299,703 |
| Fees for services: Investment Management | $917,915 |
| Fees for services: Other | $3,425,213 |
| Advertising and promotion | $517,551 |
| Office expenses | $1,370,563 |
| Information technology | $146,256 |
| Royalties | $0 |
| Occupancy | $5,688,434 |
| Travel | $1,704,212 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $126,042 |
| Interest | $1,402,156 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,206,443 |
| Insurance | $560,145 |
| All other expenses | $0 |
| Total functional expenses | $81,138,735 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,291 |
| Savings and temporary cash investments | $13,145,914 |
| Pledges and grants receivable | $25,862,089 |
| Accounts receivable, net | $564,417 |
| 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 | $649,297 |
| Investments—publicly traded securities | $71,775,102 |
| Investments—other securities | $261,761,610 |
| Investments—program-related | $4,594,911 |
| Intangible assets | $0 |
| Other assets | $33,936,591 |
| Total assets | $537,122,152 |
| Accounts payable and accrued expenses | $4,541,739 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $39,060,800 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $10,000,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $15,038,217 |
| Total liabilities | $68,640,756 |
| 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 | $468,481,396 |
Grants Awarded
Over the last fiscal year, Wabash College has awarded $842,064 in support to 36 organizations.
| Grant Recipient | Amount |
|---|---|
Ann Arbor, MI PURPOSE: EDUCATIONAL ASSISTANCE | $166,896 |
Austin, TX PURPOSE: EDUCATIONAL ASSISTANCE | $85,000 |
KANKAKEE VALLEY SCHOOL CORP PURPOSE: EDUCATIONAL ASSISTANCE | $41,189 |
Chicago, IL PURPOSE: EDUCATIONAL ASSISTANCE | $34,400 |
Waco, TX PURPOSE: EDUCATIONAL ASSISTANCE | $30,000 |
UNIV OF NORTH CAROLINA-CHARLOTTE PURPOSE: EDUCATIONAL ASSISTANCE | $30,000 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Wabash College has recieved totaling $102,000.
| Awarding Organization | Amount |
|---|---|
Three Cords Foundation Reston, VA PURPOSE: STEPHENSON INSTITUTE FOR CLASSICAL LIBERALISM | $100,000 |
Gilmore Scholarship Tr Uw Fbo Sullivan High School Franklin, IN PURPOSE: SCHOLARSHIP | $2,000 |
Endowment Analysis
| Beg. Balance | $327,543,389 |
| Earnings | $96,621,526 |
| Admin Expense | $1,227,191 |
| Net Contributions | $4,769,753 |
| Other Expense | $13,802,744 |
| Grants | $4,183,395 |
| Ending Balance | $409,721,338 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Columbia College Chicago Chicago, IL | $667,072,943 | $221,332,415 |
Indiana Wesleyan University Marion, IN | $535,078,455 | $212,201,058 |
Depauw University Greencastle, IN | $1,044,669,443 | $170,125,801 |
Concordia University Inc Mequon, WI | $163,946,113 | $168,516,078 |
Wheaton College Wheaton, IL | $1,105,725,018 | $280,776,360 |
Berea College Berea, KY | $1,637,313,850 | $205,202,087 |
Augustana College Rock Island, IL | $426,442,517 | $147,587,977 |
Marian University Indianapolis, IN | $323,995,376 | $176,218,802 |
Carroll University Inc Waukesha, WI | $261,882,162 | $140,965,442 |
Campbellsville University Inc Campbellsville, KY | $197,242,279 | $142,326,474 |
Centre College Of Kentucky Danville, KY | $677,636,297 | $215,283,093 |
Lawrence University Of Wisconsin Appleton, WI | $632,228,886 | $124,103,689 |