Kansas Wesleyan University
- Assets
- $58.0m
- Revenue
- $34.7m
- Investments
- $66.7k
- Employees
- 389
- Location
- Salina, KS
- Founding
- 07/1937
- Data as of
- 06/2021
- 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 06/2021, Kansas Wesleyan University employed 389 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 06/2021, Kansas Wesleyan University generated $34.7m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 6.3% each year. All expenses for the organization totaled $31.4m during the year ending 06/2021. While expenses have increased by 4.5% per year over the past 6 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
2021
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 | $231,942 |
Kenneth Oliver VP Advancement & Admissions | Officer | 35 | $105,699 |
Rhonda Bethe CFO | Officer | 35 | $98,990 |
Jeffrey H Bieber Trustee Past Chair | OfficerTrustee | 1 | $0 |
Steven B Michel Trustee Treasurer | OfficerTrustee | 5 | $0 |
Marilyn K Kirk Trustee Secretary | OfficerTrustee | 5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Energy Solutions Profess Contractors | 6/29/21 | $280,951 |
Sodexo Inc And Affilliates Food Service | 6/29/21 | $1,496,106 |
Nextech Communications Telecom Equip & Svcs | 6/29/21 | $833,452 |
Harbin Construction Architect/construct | 6/29/21 | $635,938 |
Design Central Contractors | 6/29/21 | $386,591 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $1,460,963 |
| Government grants | $2,625,676 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,923,458 |
| Noncash contributions included in lines 1a–1f | $21,886 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,010,097 |
| Total Program Service Revenue | $25,871,041 |
| Investment income | $152,689 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $680 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,624,114 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $19,673 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $34,731,060 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $11,309,385 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $511,319 |
| Compensation of current officers, directors, key employees. | $102,264 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $6,185,208 |
| Pension plan accruals and contributions | $310,120 |
| Other employee benefits | $758,725 |
| Payroll taxes | $457,698 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $71,895 |
| Fees for services: Accounting | $67,418 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $68,859 |
| Fees for services: Other | $968,499 |
| Advertising and promotion | $205,512 |
| Office expenses | $459,953 |
| Information technology | $300,433 |
| Royalties | $0 |
| Occupancy | $797,316 |
| Travel | $1,571,614 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $92,997 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,604,006 |
| Insurance | $224,826 |
| All other expenses | $1,109,547 |
| Total functional expenses | $31,408,283 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,240,755 |
| Savings and temporary cash investments | $905,005 |
| Pledges and grants receivable | $1,537,971 |
| Accounts receivable, net | $229,292 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $157,448 |
| Prepaid expenses and deferred charges | $99,082 |
| Net Land, buildings, and equipment | $36,666,401 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $66,713 |
| Investments—program-related | $570,792 |
| Intangible assets | $0 |
| Other assets | $14,553,813 |
| Total assets | $58,027,272 |
| Accounts payable and accrued expenses | $684,825 |
| Grants payable | $0 |
| Deferred revenue | $74,087 |
| Tax-exempt bond liabilities | $3,413,240 |
| 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 | $932,858 |
| Total liabilities | $5,105,010 |
| Net assets without donor restrictions | $35,576,433 |
| Net assets with donor restrictions | $17,345,829 |
| 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 | $58,027,272 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Kansas Wesleyan University has recieved totaling $33,000.
| Awarding Organization | Amount |
|---|---|
The Elden V Miller Family Charitable Trust Salina, KS PURPOSE: $33,000 FOR YEAR ONE OF A THREE YEAR COMMITMENT TO ASSIST WITH RENOVATION OF SAMS CHAPEL AND ADDITION & RENEWAL OF MUSIC DEPARTMENT SPACES | $33,000 |
Endowment Analysis
| Beg. Balance | $30,759,721 |
| Earnings | $7,166,899 |
| Net Contributions | $4,953,925 |
| Other Expense | $1,179,921 |
| Ending Balance | $41,700,624 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Oklahoma City University Oklahoma City, OK | $362,717,659 | $109,214,951 |
Rockhurst University Kansas City, MO | $176,706,478 | $126,555,115 |
Columbia College Columbia, MO | $267,475,036 | $84,570,180 |
Park University Parkville, MO | $196,638,780 | $102,110,275 |
Southern Nazarene University Bethany, OK | $123,009,250 | $68,249,636 |
Baker University Baldwin City, KS | $111,599,532 | $59,186,378 |
Mid-America Nazarene University Olathe, KS | $55,334,319 | $63,656,687 |
Friends University Wichita, KS | $113,219,146 | $51,050,337 |
Southwest Baptist University Bolivar, MO | $91,333,460 | $47,144,070 |
Wichita State University Foundation Wichita, KS | $377,844,366 | $48,848,227 |
University Of Kansas Memorial Lawrence, KS | $26,943,334 | $29,194,763 |
The American University Of Paris Inc Denver, CO | $83,974,222 | $36,441,184 |