Dakota Wesleyan University
- Assets
- $91.0m
- Revenue
- $27.5m
- Investments
- $262.0k
- Employees
- 464
- Location
- Mitchell, SD
- Founding
- 05/1951
- Data as of
- 05/2022
- EIN
- 46-0224589
Organization Overview
Dakota Wesleyan University is located in Mitchell, SD. The organization was established in 1951. 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, Dakota Wesleyan University employed 464 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Dakota 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, Dakota Wesleyan University generated $27.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.4% each year. All expenses for the organization totaled $28.9m during the year ending 05/2022. While expenses have increased by 2.3% 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
DAKOTA WESLEYAN UNIVERSITY ASPIRES TO BE A LEADING UNIVERSITY THAT EDUCATES STUDENTS TO IDENTIFY AND DEVELOP THEIR INDIVIDUAL TALENTS FOR SUCCESSFUL LIVES IN SERVICE TO GOD AND THE COMMON GOOD.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED INSTRUCTION AND OTHER SUPPORTING SERVICES TO APPROXIMATELY 781 FULL-TIME AND 157 PART-TIME STUDENTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Theresa Kriese Executive VP | Officer | 40 | $178,203 |
Joeseph M Roidt Provost | Officer | 40 | $147,301 |
Amy Novak Past Preside | Officer | $143,693 | |
Dan Kittle President | Officer | 40 | $0 |
Phil Becker Trustee | Trustee | $0 | |
John Grinager Trustee | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,548,957 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,107,271 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,656,228 |
| Total Program Service Revenue | $22,250,592 |
| Investment income | $618,170 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$84,277 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $27,499,766 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $9,063,572 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $8,012,608 |
| Pension plan accruals and contributions | $749,281 |
| Other employee benefits | $1,057,764 |
| Payroll taxes | $612,964 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $650 |
| Fees for services: Accounting | $43,950 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,574 |
| Advertising and promotion | $143,675 |
| Office expenses | $184,825 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,269,697 |
| Travel | $471,761 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $45,133 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,467,491 |
| Insurance | $420,832 |
| All other expenses | $641,852 |
| Total functional expenses | $28,859,697 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,177,920 |
| Savings and temporary cash investments | $961,263 |
| Pledges and grants receivable | $2,228,993 |
| Accounts receivable, net | $785,247 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $205,705 |
| Inventories for sale or use | $58,163 |
| Prepaid expenses and deferred charges | $346,724 |
| Net Land, buildings, and equipment | $46,329,956 |
| Investments—publicly traded securities | $37,604,224 |
| Investments—other securities | $262,026 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $90,960,221 |
| Accounts payable and accrued expenses | $1,622,351 |
| Grants payable | $0 |
| Deferred revenue | $554,000 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $16,017,785 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,462,067 |
| Total liabilities | $20,656,203 |
| Net assets without donor restrictions | $28,158,337 |
| Net assets with donor restrictions | $42,145,681 |
| 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 | $90,960,221 |
Grants Recieved
Over the last fiscal year, we have identified 13 grants that Dakota Wesleyan University has recieved totaling $619,025.
| Awarding Organization | Amount |
|---|---|
Minneapolis Foundation Minneapolis, MN PURPOSE: DONOR-RECOMMENDED, EDUCATION | $250,000 |
South Dakota Community Foundation Pierre, SD PURPOSE: Education | $144,956 |
Rollie R Kelley Family Foundation Denver, CO PURPOSE: GENERAL USE | $130,000 |
South Dakota Community Foundation Pierre, SD PURPOSE: Education | $30,014 |
Charles Koch Foundation Arlington, VA PURPOSE: GENERAL OPERATING SUPPORT | $30,000 |
Sam F Weller Family Foundation Mitchell, SD PURPOSE: FUND SCHOLARSHIP FUND | $18,000 |
Endowment Analysis
| Beg. Balance | $41,435,078 |
| Earnings | -$2,620,269 |
| Net Contributions | $574,971 |
| Other Expense | $163,150 |
| Grants | -$940,300 |
| Ending Balance | $38,612,630 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Concordia College Corporation Moorhead, MN | $403,850,675 | $127,833,637 |
Luther College Decorah, IA | $330,055,480 | $125,968,312 |
College Of St Scholastica Inc Duluth, MN | $228,173,776 | $117,585,202 |
College Of St Benedict Business Off Saint Joseph, MN | $251,991,111 | $110,041,062 |
University Of Northwestern-St Paul St Paul, MN | $144,732,947 | $110,000,439 |
Wartburg College Waverly, IA | $247,960,217 | $101,117,542 |
Coe College Cedar Rapids, IA | $182,564,776 | $91,175,984 |
Augustana University Association Sioux Falls, SD | $281,200,572 | $99,152,573 |
Nebraska Wesleyan University Lincoln, NE | $157,848,451 | $80,524,359 |
Central College Pella, IA | $182,044,293 | $65,374,610 |
Cornell College Mount Vernon, IA | $232,351,142 | $87,743,634 |
Doane University Crete, NE | $228,017,136 | $66,548,317 |