Iowa Wesleyan University

Organization Overview

Iowa Wesleyan University is located in Mt Pleasant, IA. The organization was established in 1978. According to its NTEE Classification (B42) the organization is classified as: Undergraduate Colleges, under the broad grouping of Education and related organizations. As of 05/2022, Iowa Wesleyan University employed 430 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Iowa 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 05/2022, Iowa Wesleyan University generated $30.9m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.5% each year . All expenses for the organization totaled $32.1m during the year ending 05/2022. While expenses have increased by 8.0% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

IOWA WESLEYAN UNIVERSITY IS A TRANSFORMATIONAL LEARNING COMMUNITY WHOSE PASSION IS TO EDUCATE, EMPOWER AND INSPIRE STUDENTS TO LEAD MEANINGFUL LIVES AND CAREERS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE UNIVERSITY IS ACCREDITED AS A BACCALAUREATE INSTITUTION BY THE HIGHER LEARNING COMMISSION. STUDENT PAYMENTS OF TUITION AND SERVICE FEES ARE USED TO PROVIDE THE HIGHEST POSSIBLE QUALITY EDUCATION AT THE LOWEST POSSIBLE COST. THE UNIVERSITY ENROLLED 835 FULL AND PART TIME STUDENTS IN THE FALL SEMESTER OF 2021 AND 761 STUDENTS IN THE SPRING SEMESTER OF 2022.


AUXILIARY ENTERPRISES FOR THE BENEFIT OF THE STUDENTS (RESIDENCE HALLS, DINING, ETC.) THE UNIVERSITY HAD 517 STUDENTS LIVING ON CAMPUS DURING THE FALL 2021 SEMESTER. THE UNIVERSITY HAD 479 STUDENTS LIVING ON CAMPUS DURING THE SPRING 2022 SEMESTER. ALL STUDENTS LIVING ON CAMPUS ALSO PURCHASED MEAL PLANS.


SCHOLARSHIP PROGRAMS FOR SCHOLARSHIPS AND GRANTS TO 612 STUDENTS.


STUDENTS SERVICES, INCLUDING STUDENT DEVELOPMENT, ACADEMIC AND CAREER COUNSELING, ATHLETICS, FINANCIAL ASSISTANCE AND OTHER SERVICES, WAS PROVIDED TO 835 FULL AND PART TIME STUDENTS IN THE FALL SEMESTER OF 2021 AND 761 STUDENTS IN THE SPRING SEMESTER OF 2022.


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Board, Officers & Key Employees

Name (title)Compensation
Dewayne Frazier
University P
$155,760
Meg Richtman
VP Enrollmen
$134,068
Derek Zander
VP Advanceme
$108,423
Robert Miller
Chair
$0
Byron Johnson
Vice Chair
$0
Mary Elgar
Secretary
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
National Management Resources
Maintenance
$1,184,519
Sodexo America
Food Service
$1,211,430
Eab
Consulting
$560,672
Consolidate Management
Food Service
$317,053
Registry For College And University
Consulting
$297,803
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $1,237,972
All other contributions, gifts, grants, and similar amounts not included above$3,543,612
Noncash contributions included in lines 1a–1f $247,753
Total Revenue from Contributions, Gifts, Grants & Similar$4,781,584
Total Program Service Revenue$26,052,717
Investment income $36,853
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $26,050
Net Gain/Loss on Asset Sales $4,650
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $30,901,854

Grants Recieved

Over the last fiscal year, we have identified 7 grants that Iowa Wesleyan University has recieved totaling $167,488.

Awarding OrganizationAmount
Beck Memorial Trust

Milwaukee, WI

PURPOSE: GENERAL OPERATING

$53,508
Iowa College Foundation

Des Moines, IA

PURPOSE: PROVIDE SCHOLARSHIPS

$43,094
Harry And Virginia Murray Foundation

Milwaukee, WI

PURPOSE: GENERAL OPERATING

$25,000
P E O Foundation

Des Moines, IA

PURPOSE: College Maint

$22,036
Community Fdn Of Greater Des Moines

Des Moines, IA

PURPOSE: GRANT DISTRIBUTION

$20,000
Charles E Fahrney Education Foundation

Milwaukee, WI

PURPOSE: SCHOLARSHIPS

$2,850
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$16,134,739
Earnings-$426,727
Net Contributions$1,131,270
Other Expense$27,782
Ending Balance$16,811,500

Peer Organizations

Organization NameAssets
Concordia College Corporation
Moorhead, MN
$127,833,637
Luther College
Decorah, IA
$125,968,312
College Of St Scholastica Inc
Duluth, MN
$117,585,202
Lawrence University Of Wisconsin
Appleton, WI
$124,103,689
Lake Forest College
Lake Forest, IL
$111,531,265
College Of St Benedict Business Off
Saint Joseph, MN
$110,041,062
St Norbert College Inc
De Pere, WI
$103,405,590
University Of Northwestern-St Paul
St Paul, MN
$110,000,439
Millikin University
Decatur, IL
$97,576,221
Wartburg College
Waverly, IA
$101,117,542
College Of The Ozarks
Point Lookout, MO
$134,988,466
Coe College
Cedar Rapids, IA
$91,175,984

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