Illinois Wesleyan University
- Assets
- $377.3m
- Revenue
- $72.3m
- Investments
- $16.9m
- Employees
- 1,704
- Location
- Bloomington, IL
- Founding
- 10/1940
- Data as of
- 07/2020
- EIN
- 37-0662594
Organization Overview
Illinois Wesleyan University is located in Bloomington, IL. The organization was established in 1940. According to its NTEE Classification (B42) the organization is classified as: Undergraduate Colleges, under the broad grouping of Education and related organizations. As of 07/2021, Illinois Wesleyan University employed 1,704 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Illinois 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 07/2020, Illinois Wesleyan University generated $72.3m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (2.4%) each year. All expenses for the organization totaled $70.6m during the year ending 07/2020. As we would expect to see with falling revenues, expenses have declined by (0.8%) per year over the past 6 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
THE UNIVERSITY STRIVES TO ATTAIN THE IDEAL OF A LIBERAL ARTS EDUCATION WHILE PROVIDING UNIQUE OPPORTUNITIES WITH ITS DISTINCTIVE CURRICULA AND PROGRAMS. A LIBERAL ARTS EDUCATION FOSTERS CREATIVITY, CRITICAL THINKING, EFFECTIVE COMMUNICATION, STRENGTH OF CHARACTER AND A SPIRIT OF INQUIRY; IT DEEPENS THE SPECIALIZED KNOWLEDGE OF A DISCIPLINE WITH A COMPREHENSIVE WORLD VIEW.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ILLINOIS WESLEYAN'S UNIVERSITY PROVIDES A RICH LEARNING ENVIRONMENT FOR APPROXIMATELY 1,700 UNDERGRADUATE STUDENTS WITH EXTENSIVE PERSONAL ATTENTION. THE EXPERIENTIAL LEARNING MODEL FOSTERS CREATIVITY, CRITICAL THINKING, EFFECTIVE COMMUNICATION, STRENGTH OF CHARACTER AND A SPIRIT OF INQUIRY. THE INSTITUTION SERVES STUDENTS PURSING BACCALAUREATE DEGREES IN THE LIBERAL ARTS, FINE ARTS AND PROFESSIONAL PROGRAMS AS WELL AS INTERDISCIPLINARY STUDY AND OFF CAMPUS LEARNING. SPECIFIC DISCIPLINES OF EMPHASIS INCLUDE BIOLOGY, NURSING, ACCOUNTING, BUSINESS, THEATER AND MUSIC. THE UNIVERSITY OFFERS A ROBUST STUDENT LIFE AND RESIDENTIAL EXPERIENCE TO CREATE AN INCLUSIVE COMMUNITY FOR STUDENTS.
ALL OTHER ACCOMPLISHMENTS:INSTRUCTION TO APPROXIMATELY 1,650 STUDENTS FOR BACCALAUREATE DEGREES IN THE LIBERAL ARTS AND SCIENCES, NURSING, FINE ARTS, DRAMA AND MUSIC. STUDENT SERVICES INCLUDE EDUCATION, HOUSING, AND BOARD.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
S Georgia Nugent President | OfficerTrustee | 40 | $440,083 |
Eric R Jensen Former President | 0 | $210,000 | |
Mark Brodl Provost | Officer | 40 | $202,048 |
Steven Seibring Assc VP Adv | Officer | 40 | $197,120 |
Matt Bierman VP Business & Finance | Officer | 40 | $192,192 |
Leann Hughes VP Enrllmt & Mrkting | 40 | $174,505 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Fieldturf Usa Inc Field Turf Inst | 7/30/21 | $386,873 |
Ricoh Usa Inc Print & Mail | 7/30/21 | $376,369 |
Core Construction Services Of Illinois General Contrac | 7/30/21 | $1,515,505 |
Capture Llc Student Recruit | 7/30/21 | $342,375 |
Johnson Controls Fire Protection Lpdept Fire System | 7/30/21 | $305,012 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $13,808,219 |
| Investment income | $2,771,873 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $1,036,669 |
| Net Gain/Loss on Asset Sales | $6,550,272 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $36,687 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $72,297,405 |
| Statement of Expenses | |
|---|---|
| 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. | $991,286 |
| Compensation to disqualified persons | $360,000 |
| Other salaries and wages | $27,908,875 |
| Pension plan accruals and contributions | $1,511,589 |
| Other employee benefits | $5,304,204 |
| Payroll taxes | $2,057,306 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $112,415 |
| Fees for services: Accounting | $73,391 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $228,710 |
| Fees for services: Other | $1,132,610 |
| Advertising and promotion | $82,702 |
| Office expenses | $4,598,050 |
| Information technology | $986,247 |
| Royalties | $0 |
| Occupancy | $5,787,796 |
| Travel | $1,480,538 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $2,461,442 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,795,074 |
| Insurance | $671,085 |
| All other expenses | $0 |
| Total functional expenses | $70,648,924 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $44,787 |
| Savings and temporary cash investments | $5,005,288 |
| Pledges and grants receivable | $6,101,032 |
| Accounts receivable, net | $1,156,392 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $6,916,078 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $1,134,363 |
| Investments—publicly traded securities | $156,313,572 |
| Investments—other securities | $16,858,774 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $377,291,473 |
| Accounts payable and accrued expenses | $3,238,435 |
| Grants payable | $0 |
| Deferred revenue | $7,752,973 |
| Tax-exempt bond liabilities | $70,480,437 |
| 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 | $4,000,000 |
| Other liabilities | $29,365,017 |
| Total liabilities | $114,836,862 |
| 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 | $262,454,611 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Illinois Wesleyan University has recieved totaling $500,250.
| Awarding Organization | Amount |
|---|---|
David C Petrick And Ellen R Petrick Foundation Frankfort, MI PURPOSE: PROVIDE FUNDING FOR SCHOLARSHIPS. | $500,000 |
Gorman Foundation Charitable Trust Aspen, CO PURPOSE: N A | $250 |
Endowment Analysis
| Beg. Balance | $205,197,138 |
| Earnings | $69,251,478 |
| Admin Expense | $554,260 |
| Net Contributions | $1,706,632 |
| Other Expense | $108,076 |
| Grants | $10,210,856 |
| Ending Balance | $265,282,056 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Campbellsville University Inc Campbellsville, KY | $197,242,279 | $142,326,474 |
Luther College Decorah, IA | $330,055,480 | $125,968,312 |
Centre College Of Kentucky Danville, KY | $677,636,297 | $215,283,093 |
Lawrence University Of Wisconsin Appleton, WI | $632,228,886 | $124,103,689 |
Lake Forest College Lake Forest, IL | $251,265,144 | $111,531,265 |
Trine University Inc Angola, IN | $221,741,150 | $121,889,140 |
Saint Marys College Notre Dame, IN | $523,384,557 | $143,002,673 |
St Norbert College Inc De Pere, WI | $336,117,917 | $103,405,590 |
Taylor University Upland, IN | $297,240,119 | $122,251,609 |
Millikin University Decatur, IL | $270,927,180 | $97,576,221 |
Wartburg College Waverly, IA | $247,960,217 | $101,117,542 |
College Of The Ozarks Point Lookout, MO | $787,489,229 | $134,988,466 |