Wilmington University Inc
- Assets
- $291.8m
- Revenue
- $129.8m
- Investments
- $0.0
- Employees
- 2,113
- Location
- New Castle, DE
- Founding
- 07/1968
- Data as of
- 06/2022
- EIN
- 51-0107088
Organization Overview
Wilmington University Inc is located in New Castle, DE. The organization was established in 1968. According to its NTEE Classification (B40) the organization is classified as: Higher Education, under the broad grouping of Education and related organizations. As of 06/2022, Wilmington University Inc employed 2,113 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wilmington University Inc 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, Wilmington University Inc generated $129.8m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.2%) each year. All expenses for the organization totaled $119.4m during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Wilmington University Inc has awarded 62 individual grants totaling $658,570. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
ESTABLISHED IN 1968, WILMINGTON UNIVERSITY, INC. IS AN OPEN ACCESS PRIVATE INSTITUTION OF HIGHER EDUCATION WITH LOCATIONS IN DELAWARE AND NEW JERSEY OFFERING UNDERGRADUATE, GRADUATE AND DOCTORAL DEGREES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WILMINGTON UNIVERSITY IS COMMITTED TO BEING A UNIVERSITY WHERE RESPECT FOR EACH OTHER IS PARAMOUNT, INTEGRITY GUIDES ALL OF OUR CHOICES, PROVIDING EDUCATIONAL OPPORTUNITY IS OUR PRIMARY PURPOSE, AND RESPONSIVENESS TO COMMUNITY NEEDS IS KEY. IN DESIGNING ACADEMIC PROGRAMS AND STUDENT SERVICES, WE SUPPORT INNOVATION AND ACTIVELY SEEK FACULTY WITH EXPERIENCE IN THEIR FIELDS WHO CAN PROVIDE STUDENTS WITH AN EDUCATION FOCUSED ON PRACTICAL APPLICATION.WILMINGTON UNIVERSITY IS CLASSIFIED BY THE CARNEGIE COMMISSION AS A DOCTORAL/RESEARCH UNIVERSITY. THE UNIVERSITY OFFERS DEGREE PROGRAMS AT THE ASSOCIATE'S, BACHELOR'S, MASTER'S AND DOCTORAL LEVELS. THE UNIVERSITY OFFERS DEGREE PROGRAMS IN THE COLLEGE OF BUSINESS, THE COLLEGE OF EDUCATION AND LIBERAL ARTS, THE COLLEGE OF HEALTH PROFESSIONS AND NATURAL SCIENCES, THE COLLEGE OF SOCIAL AND BEHAVIORAL SCIENCES AND THE COLLEGE OF TECHNOLOGY. THE UNIVERSITY SERVED 19,280 (UNDUPLICATED) STUDENTS DURING FISCAL 2022, OFFERING PROGRAMS AT MULTIPLE LOCATIONS IN DELAWARE AND NEW JERSEY AS WELL AS PROVIDING AN ONLINE MODALITY.THE UNIVERSITY'S ACADEMIC ACCOMPLISHMENTS DURING FISCAL 21/22 WERE AS FOLLOWS:NEW DEGREE PROGRAMS:MASTER OF SCIENCE IN PROFESSIONAL STUDIES (COLLEGE OF SOCIAL AND BEHAVIORAL SCIENCES)MASTER OF SCIENCE IN ENVIRONMENTAL SCIENCE (COLLEGE OF HEALTH PROFESSIONS AND NATURAL SCIENCES)MASTER OF EDUCATION: INTERDISCIPLINARY STUDIES IN EDUCATION (COLLEGE OF EDUCATION AND LIBERAL ARTS)ASSOCIATES DEGREE IN HEALTH SCIENCES (COLLEGE OF HEALTH PROFESSIONS AND NATURAL SCIENCES)NEW CERTIFICATE PROGRAMS:UNDERGRADUATE CERTIFICATE IN ESSENTIALS OF PEOPLE MANAGEMENT (COLLEGE OF BUSINESS)UNDERGRADUATE CERTIFICATE IN LOGISTICS IN SUPPLY CHAIN MANAGEMENT (COLLEGE OF BUSINESS)UNDERGRAUDATE AND GRADUATE CERTIFICATES IN CYBERSECURITY AND FINTECH (COLLEGE OF BUSINESS)GRADUATE CERTIFICATE IN FINANCIAL MANAGEMENT FOR HUMAN RESOURCES (COLLEGE OF SOCIAL AND BEHAVIORAL SCIENCES)GRADUATE CERTIFICATE IN DIVERSITY EQUITY AND INCLUSION (COLLEGE OF EDUCATION AND LIBERAL ARTS)NEW PROGRAM CONCENTRATIONS:COLLEGE OF SOCIAL AND BEHANVIORAL SCIENCES:B.S. PSYCHOLOGY: MENTAL HEALTH AND WELLNESSM.S. HOMELAND SECURITY: EMERGENCY MANAGEMENT AND ORGANIZATION CONTINUITYM.S. HOMELAND SECURITY: APPLIED HOMELAND SECURITY INTELLIGENCECOLLEGE OF TECHNOLOGY:B.S. GAME DESIGN AND DEVELOPMENT: GAME ART PRODUCTION & INTERACTIVE PROGRAMMINGCOLLEGE OF BUSINESS:B.S. BUSINESS MANAGEMENT: SPORTS MANAGEMENTTHE FOLLOWING ARE SIGNIFICANT ACCOMPLISHMENTS DURING 21/22 BY COLLEGE:COLLEGE OF BUSINESS:THE INTERNATIONAL ACCREDITATION COUNCIL FOR BUSINESS EDUCATION (IACBE) CONDUCTED A VIRTUAL SITE VISIT AND FOUND THE COLLEGE TO BE IN COMPLIANCE WITH THE REQUIRED STANDARDS.COLLEGE OF SOCIAL AND BEHAVIORAL SCIENCES:THE COLLEGE, IN COLLABORATION WITH THE UNIVERSITY'S CRIMINAL JUSTICE INSTITUTE, HELD EIGHT (8) HUMAN TRAFFICKING AWARENESS WEBINARS.THE UNIVERSITY PARTNERED WITH BEEBE HEALTHCARE SYSTEMS TO PROVIDE TRAUMA INFORMATION TRAINING. 97% (OVER 2,400 EMPLOYEES) OF ALL BEEBE HEALTHCARE STAFF HAVE BEEN TRAINED.WE ARE ESPECIALLY COMMITTED TO CARING FOR OUR STUDENTS AS CUSTOMERS AND PARTNERS AS SUCH THE UNIVERSITY SERVED A TOTAL OF 19,280 STUDENTS INCLUDING 12,227 UNDERGRADUATE AND 7,053 GRADUATE STUDENTS DURING FISCAL 2022. THE UNIVERSITY AWARDED 4,163 TOTAL DEGREES, INCLUDING 1,984 UNDERGRADUATE AND 2,179 GRADUATE DURING FISCAL 2022.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Laverne T Harmon President | Officer | 40 | $1,049,909 |
Erin Dimarco VP | Officer | 40 | $572,521 |
Heather A O'connell VP & CFO | Officer | 40 | $455,871 |
Carole D Pitcher VP | Officer | 40 | $394,564 |
Peter Bailey VP | Officer | 40 | $381,073 |
James Wilson Jr VP | Officer | 40 | $373,604 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Marvin & Palmer Associates Financial Services | 6/29/22 | $808,285 |
Freedom Mechanical Mechanical Contractor | 6/29/22 | $340,255 |
Gunnip & Company Llp Accounting | 6/29/22 | $125,825 |
Joseph Purzycki Consulting Services | 6/29/22 | $119,600 |
Jc Contractors Paving Services | 6/29/22 | $611,864 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $7,955 |
| Related organizations | $0 |
| Government grants | $11,134,243 |
| All other contributions, gifts, grants, and similar amounts not included above | $219,005 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $11,361,203 |
| Total Program Service Revenue | $100,275,961 |
| Investment income | $1,276,213 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $16,864,536 |
| Net Income from Fundraising Events | $17,478 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $129,795,391 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $219,928 |
| Grants and other assistance to domestic individuals. | $12,131,392 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $7,975,284 |
| Compensation of current officers, directors, key employees. | $4,669,779 |
| Compensation to disqualified persons | $1,112,162 |
| Other salaries and wages | $53,941,037 |
| Pension plan accruals and contributions | $1,987,370 |
| Other employee benefits | $6,720,896 |
| Payroll taxes | $4,359,191 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $173,936 |
| Fees for services: Accounting | $111,225 |
| Fees for services: Lobbying | $87,000 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $815,605 |
| Fees for services: Other | $1,856,222 |
| Advertising and promotion | $3,116,387 |
| Office expenses | $4,796,951 |
| Information technology | $3,505,693 |
| Royalties | $0 |
| Occupancy | $4,784,002 |
| Travel | $751,121 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $253,613 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,121,852 |
| Insurance | $785,353 |
| All other expenses | $0 |
| Total functional expenses | $119,415,820 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $46,437 |
| Savings and temporary cash investments | $39,216,054 |
| Pledges and grants receivable | $604,666 |
| Accounts receivable, net | $9,339,100 |
| Loans from Officers, Directors, or Controlling Persons | $360,000 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $400,954 |
| Prepaid expenses and deferred charges | $3,150,461 |
| Net Land, buildings, and equipment | $82,657,408 |
| Investments—publicly traded securities | $155,735,734 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $250,000 |
| Total assets | $291,760,814 |
| Accounts payable and accrued expenses | $7,956,998 |
| Grants payable | $0 |
| Deferred revenue | $7,513,519 |
| 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 | $4,935,466 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $20,405,983 |
| Net assets without donor restrictions | $270,236,134 |
| Net assets with donor restrictions | $1,118,697 |
| 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 | $291,760,814 |
Grants Awarded
Over the last fiscal year, Wilmington University Inc has awarded $41,700 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
Wilmington, DE PURPOSE: SPONSORSHIP | $12,500 |
Wilmington, DE PURPOSE: SPONSORSHIP | $11,100 |
Wilmington, DE PURPOSE: SPONSORSHIP | $6,500 |
Wilmington, DE PURPOSE: SPONSORSHIP | $6,000 |
Wilmington, DE PURPOSE: SPONSORSHIP | $5,600 |
Grants Recieved
Over the last fiscal year, we have identified 9 grants that Wilmington University Inc has recieved totaling $30,841.
| Awarding Organization | Amount |
|---|---|
Wilmington Manor Lions Service Foundation Inc New Castle, DE PURPOSE: SCHOLARSHIPS | $16,000 |
Central Atlantic Collegiate Conference Inc New Haven, CT PURPOSE: To promote athletics within schools. | $11,370 |
W F & Blanche E West Educational Fund Chehalis, WA PURPOSE: SCHOLARSHIP | $1,000 |
Verizon Foundation Basking Ridge, NJ PURPOSE: MIP PAYOUT FOR 04/07/21 | $1,000 |
David A Bramble Foundation Inc Chestertown, MD PURPOSE: EDUCATIONAL SCHOLARSHIP | $864 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $357 |
Endowment Analysis
| Beg. Balance | $159,778,975 |
| Earnings | -$7,649,262 |
| Net Contributions | $3,007,370 |
| Ending Balance | $155,137,083 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Wilmington University Inc New Castle, DE | $291,760,814 | $129,795,391 |
University Of Maryland Orthopaedic Associates P A Baltimore, MD | $13,376,270 | $27,085,599 |
International Masonry Training And Education Foundation Bowie, MD | $50,955,407 | $23,973,687 |
Pennsylvania Academy Of The Fine Arts Philadelphia, PA | $133,610,587 | $20,470,730 |
Yeshivat Aish Hatorah Clifton, NJ | $25,730,558 | $11,593,750 |
Accreditation Board For Engineering And Technology Inc Baltimore, MD | $25,462,231 | $12,376,690 |
Pennsylvania College Of Art And Design Lancaster, PA | $15,635,445 | $9,536,252 |
International Institute For Restorative Practices Bethlehem, PA | $9,904,972 | $8,760,911 |
Intercollegiate Studies Institute Inc Wilmington, DE | $20,524,423 | $7,078,238 |
Clarion Students Association Clarion, PA | $4,575,436 | $1,966,562 |
Bet Midrash Ohel Torah Lakewood, NJ | $4,338,618 | $3,432,231 |
Seminary Bnos Chaim Lakewood, NJ | $2,200,679 | $2,573,880 |