Corporation Of Western Governers University
- Assets
- $2.4m
- Revenue
- $12.0m
- Investments
- $0.0
- Employees
- 27
- Location
- Salt Lake City, UT
- Founding
- 03/2016
- Data as of
- 06/2021
- EIN
- 47-4365018
Organization Overview
Corporation Of Western Governers University is located in Salt Lake City, UT. The organization was established in 2016. According to its NTEE Classification (B03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Education and related organizations. As of 06/2021, Corporation Of Western Governers University employed 27 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Corporation Of Western Governers 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 06/2021, Corporation Of Western Governers University generated $12.0m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 25.9% each year . All expenses for the organization totaled $28.3m during the year ending 06/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
PURSUE INNOVATIVE SOLUTIONS TO GLOBAL EDUCATION NEEDS, DEVELOP, SUPPORT AND DISTRIBUTE INFORMATION, SPONSOR RESEARCH FOCUSED ON EMERGING PRACTICES IN EDUCATION (SEE SCHEDULE O)
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION'S UNIVERSITY DEVELOPMENT PROGRAM ADVANCES THE MISSION OF WGU TO DELIVER A 10X TRANSFORMATIVE IMPACT IN HIGHER EDUCATION BY EXPANDING ACCESS, RAISING QUALITY AND IMPROVING STUDENT OUTCOMES. THE ORGANIZATION HAS ADVANCED A SIGNIFICANT ALTERNATIVE FINANCIAL AID PILOT TO SERVE STUDENTS WITH MORE FLEXIBLE FINANCING OPTIONS, AND HAS INVESTIGATED THE POTENTIAL FOR MORE ABLY SERVING EMPLOYERS AND EXPANDING TO SERVE INTERNATIONAL STUDENTS.
THE ORGANIZATION'S INVESTMENT ARM (JUVO) MANAGES INVESTMENTS IN EDUCATION COMPANIES DESIGNED TO INCREASE ACCESS AND QUALITY AND IMPROVE OUTCOMES FOR STUDENTS WORLDWIDE. ASSETS UNDER MANAGEMENT INCREASED BY APPROXIMATELY $15 MILLION DURING THE FISCAL YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Matthew Sanders Senior Vice President | Officer | 40 | $402,007 |
Andre Bennin Managing Partner | Officer | 40 | $367,143 |
Charlie Nguyen University Development Direct | 40 | $205,996 | |
Andre Bueno University Development Direct | 40 | $201,697 | |
Rebecca Marquette University Development Direct | 40 | $194,741 | |
Sean Brown Sr Associate, General Counsel | 40 | $166,930 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Quinn J Sutton Project Consulting | 6/29/21 | $164,200 |
Mindset Global Llc Advisory Services | 6/29/21 | $108,361 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $10,673,216 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $10,673,216 |
| Total Program Service Revenue | $1,308,692 |
| Investment income | -$20,747 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $11,961,161 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $22,423,216 |
| 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. | $1,101,413 |
| Compensation of current officers, directors, key employees. | $504,154 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,401,841 |
| Pension plan accruals and contributions | $107,374 |
| Other employee benefits | $227,717 |
| Payroll taxes | $200,145 |
| Fees for services: Management | $17,304 |
| Fees for services: Legal | $279,979 |
| Fees for services: Accounting | $36,592 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,203,559 |
| Advertising and promotion | $823 |
| Office expenses | $8,252 |
| Information technology | $175,169 |
| Royalties | $0 |
| Occupancy | $110,762 |
| Travel | $28,365 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,790 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,725 |
| Insurance | $9,311 |
| All other expenses | $395 |
| Total functional expenses | $28,338,732 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $117,461 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $9,500 |
| 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 | $0 |
| Net Land, buildings, and equipment | $426,275 |
| Investments—publicly traded securities | $102,320 |
| Investments—other securities | $0 |
| Investments—program-related | $1,793,636 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,449,192 |
| Accounts payable and accrued expenses | $1,479,763 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,479,763 |
| Net assets without donor restrictions | $969,429 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $2,449,192 |
Grants Awarded
Over the last fiscal year, Corporation Of Western Governers University has awarded $22,423,216 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
Salt Lake City, UT PURPOSE: CAPITAL CONTRIBUTION INCLUDING LOAN FORGIVENESS | $11,273,216 |
Salt Lake City, UT PURPOSE: CAPITAL CONTRIBUTION INCLUDING LOAN FORGIVENESS | $10,850,000 |
Salt Lake City, UT PURPOSE: CAPITAL CONTRIBUTION | $300,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Corporation Of Western Governers University Salt Lake City, UT | $2,449,192 | $11,961,161 |
Colorado Education Association Denver, CO | $13,528,201 | $13,711,164 |
Clark County Education Association Las Vegas, NV | $9,610,154 | $9,258,447 |
State Higher Education Executive Boulder, CO | $7,000,257 | $6,368,436 |
National Academies Of Emergency Dispatch Salt Lake City, UT | $3,812,151 | $8,771,181 |
Nevada State Education Association Las Vegas, NV | $3,615,920 | $4,845,245 |
Associated General Contractors Of America Utah Chapter Salt Lake City, UT | $13,564,530 | $7,907,790 |
National Education Association Of New Mexico Inc Santa Fe, NM | $5,499,910 | $3,405,604 |
Wyoming Education Association Cheyenne, WY | $4,135,200 | $3,473,602 |
American Snowsports Education Association Inc Lakewood, CO | $8,919,775 | $2,872,159 |
Association Of Waldorf Schools Longmont, CO | $1,432,511 | $2,576,958 |
Society Of Economics Geologists Inc Littleton, CO | $23,566,340 | $3,403,564 |