Kansas Wesleyan University
- Assets
- $61.3m
- Revenue
- $38.7m
- Investments
- $67.7k
- Employees
- 407
- Location
- Salina, KS
- Founding
- 07/1937
- Data as of
- 06/2022
- EIN
- 48-0543729
Organization Overview
Kansas Wesleyan University is located in Salina, KS. The organization was established in 1937. According to its NTEE Classification (B43) the organization is classified as: Universities, under the broad grouping of Education and related organizations. As of 06/2022, Kansas Wesleyan University employed 407 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kansas 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 06/2022, Kansas Wesleyan University generated $38.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.0% each year. All expenses for the organization totaled $35.7m during the year ending 06/2022. While expenses have increased by 5.8% 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
KANSAS WESLEYAN UNIVERSITY IS A LIBERAL ARTS COLLEGE THAT PROMOTES AND INTEGRATES ACADEMIC EXCELLENCE, SPIRITUAL DEVELOPMENT, PERSONAL WELL-BEING, AND SOCIAL RESPONSIBILITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
KANSAS WESLEYAN UNIVERSITY PROVIDES AN EDUCATIONAL PROGRAM CHARACTERIZED BY EXCELLENCE WITHIN A CARING COMMUNITY. THE CALL OF THE UNIVERSITY IS TO DEVELOP BOTH INTELLECT AND CHARACTER, TO STIMULATE CREATIVITY AND DISCOVERY, TO NURTURE THE WHOLE PERSON - BODY, MIND, AND SPIRIT. DIVERSITY IS EMBRACED IN CURRICULUM, FACULTY, AND STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Matt Thompson Kwu President And CEO | Officer | 35 | $226,207 |
Kenneth Oliver VP Advancement & Admissions | Officer | 35 | $150,015 |
Rhonda Bethe CFO | Officer | 35 | $102,062 |
Charlie Ault-Duell Trustee | Trustee | 1 | $0 |
Jeffrey H Bieber Trustee Past Chair | OfficerTrustee | 1 | $0 |
Ken Ebert Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Sodexo Inc And Affilliates Food Service | 6/29/22 | $1,614,517 |
Nextech Communications Telecom Eqiup & Svcs | 6/29/22 | $717,393 |
Lancaster Construction Construction | 6/29/22 | $267,514 |
Kicf Hlth Ins/technology | 6/29/22 | $216,825 |
Innovative Flooring Flooring & Install | 6/29/22 | $208,005 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $1,486,469 |
| Government grants | $3,495,239 |
| All other contributions, gifts, grants, and similar amounts not included above | $7,532,847 |
| Noncash contributions included in lines 1a–1f | $6,847 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $12,514,555 |
| Total Program Service Revenue | $27,368,365 |
| Investment income | $21,453 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $908 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$1,499,400 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $43,960 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $38,660,781 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $13,230,389 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $561,035 |
| Compensation of current officers, directors, key employees. | $112,207 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $6,658,732 |
| Pension plan accruals and contributions | $305,280 |
| Other employee benefits | $761,103 |
| Payroll taxes | $505,429 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $157,251 |
| Fees for services: Accounting | $76,916 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $41,595 |
| Fees for services: Other | $509,134 |
| Advertising and promotion | $262,361 |
| Office expenses | $634,721 |
| Information technology | $353,251 |
| Royalties | $0 |
| Occupancy | $694,021 |
| Travel | $1,643,013 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $87,222 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,669,299 |
| Insurance | $711,289 |
| All other expenses | $2,120,565 |
| Total functional expenses | $35,675,155 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,935,187 |
| Savings and temporary cash investments | $1,668,023 |
| Pledges and grants receivable | $3,129,923 |
| Accounts receivable, net | $316,489 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $152,733 |
| Prepaid expenses and deferred charges | $217,387 |
| Net Land, buildings, and equipment | $37,190,662 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $67,721 |
| Investments—program-related | $406,106 |
| Intangible assets | $0 |
| Other assets | $14,166,986 |
| Total assets | $61,251,217 |
| Accounts payable and accrued expenses | $1,248,906 |
| Grants payable | $0 |
| Deferred revenue | $17,786 |
| Tax-exempt bond liabilities | $3,049,772 |
| 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 | $1,026,865 |
| Total liabilities | $5,343,329 |
| Net assets without donor restrictions | $34,523,950 |
| Net assets with donor restrictions | $21,383,938 |
| 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 | $61,251,217 |