Dakota Wesleyan University
- Assets
- $89.3m
- Revenue
- $29.3m
- Investments
- $560.5k
- Employees
- 465
- Location
- Mitchell, SD
- Founding
- 05/1951
- Data as of
- 05/2024
- 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 05/2024, Dakota Wesleyan University employed 465 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 05/2024, Dakota Wesleyan University generated $29.3m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 1.8% each year. All expenses for the organization totaled $32.0m during the year ending 05/2024. While expenses have increased by 3.0% per year over the past 9 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
2024
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 |
|---|---|---|---|
Dan Kittle President | Officer | 40 | $250,618 |
Dr Derek Driedger Provost | Officer | 40 | $89,215 |
Jodi Landgaard VP Of Financ | Officer | 40 | $54,080 |
Deanell Backlund Trustee | Trustee | 1 | $0 |
Dr Phillip Becker Trustee | Trustee | 1 | $0 |
Paul Christen Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Fresh Ideas Food Service Food Service | 5/30/23 | $1,538,660 |
Foreman Charters Inc Charter | 5/30/23 | $162,141 |
Combined Building Specialties Construction | 5/30/23 | $126,953 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $558,915 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,199,508 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,758,423 |
| Total Program Service Revenue | $23,923,442 |
| Investment income | $741,412 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$92,869 |
| 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 | $29,279,216 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $9,937,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $393,913 |
| Compensation of current officers, directors, key employees. | $55,148 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $8,206,776 |
| Pension plan accruals and contributions | $329,628 |
| Other employee benefits | $1,608,274 |
| Payroll taxes | $657,952 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $680 |
| Fees for services: Accounting | $50,825 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,431 |
| Advertising and promotion | $145,821 |
| Office expenses | $207,343 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,313,055 |
| Travel | $580,227 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $24,405 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,644,959 |
| Insurance | $538,805 |
| All other expenses | $733,362 |
| Total functional expenses | $32,046,618 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $390,133 |
| Pledges and grants receivable | $1,090,494 |
| Accounts receivable, net | $894,023 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $217,145 |
| Inventories for sale or use | $60,106 |
| Prepaid expenses and deferred charges | $405,483 |
| Net Land, buildings, and equipment | $43,721,067 |
| Investments—publicly traded securities | $41,951,488 |
| Investments—other securities | $560,455 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $145 |
| Total assets | $89,290,539 |
| Accounts payable and accrued expenses | $1,983,797 |
| Grants payable | $0 |
| Deferred revenue | $364,520 |
| 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 | $14,598,330 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,269,644 |
| Total liabilities | $19,216,291 |
| Net assets without donor restrictions | $25,142,493 |
| Net assets with donor restrictions | $44,931,755 |
| 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 | $89,290,539 |