Virginia Wesleyan University

Organization Overview

Virginia Wesleyan University is located in Virginia Beach, VA. The organization was established in 1964. According to its NTEE Classification (B42) the organization is classified as: Undergraduate Colleges, under the broad grouping of Education and related organizations. As of 06/2021, Virginia Wesleyan University employed 778 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Virginia 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 06/2020, Virginia Wesleyan University generated $67.0m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 2.1% each year. All expenses for the organization totaled $66.6m during the year ending 06/2020. While expenses have increased by 1.3% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2020

Describe the Organization's Mission:

Part 3 - Line 1

VIRGINIA WESLEYAN UNIVERSITY IS A FULLY ACCREDITED LIBERAL ARTS, UNITED-METHODIST RELATED INSTITUTION FOUNDED IN 1961.

Describe the Organization's Program Activity:

Part 3 - Line 4a

EDUCATIONAL AND GENERAL EXPENSES TO INCLUDE INSTRUCTIONAL SERVICES, PUBLIC SERVICES, PLANT OPERATIONS AND STUDENT AID IN FISCAL YEAR 2020, APPROXIMATELY 1,500 STUDENTS WERE ENROLLED AND APPROXIMATELY 300 STUDENTS GRADUATED WITH BACCALAUREATE DEGREES.


AUXILARY ENTERPRISES TO INCLUDE RESIDENCE HALLS, DINING HALL AND CONFERENCE FACILITIES.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Aramark
Facility Management
$2,064,760
Sodexo
Food Services
$2,012,038
Hoy Construction Inc
Construction
$999,044
Ellucian Company Lp
Software
$686,885
Wiley Edu Llc
Online Program Development
$655,489
View All Vendors

Financial Statements

Statement of Revenue
Total Revenue from Contributions, Gifts, Grants & Similar$10,421,500
Investment income $400,737
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $220,608
Net Gain/Loss on Asset Sales $1,258,849
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $67,002,662

Grants Recieved

Over the last fiscal year, we have identified 2 grants that Virginia Wesleyan University has recieved totaling $14,884.

Awarding OrganizationAmount
Anonymous Trust

Raleigh, NC

PURPOSE: SCHOLARSHIP FOR BRIANNY OCAMPO

$14,384
William C & Mabel D Hunt

Dallas, TX

PURPOSE: SCHOLARSHIP

$500
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$58,765,587
Earnings$17,041,660
Net Contributions$218,060
Other Expense$1,257,622
Grants$1,944,879
Ending Balance$72,822,806

Peer Organizations

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$103,290,604
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$101,403,823
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$119,204,346
Bridgewater College
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$86,618,271
Trevecca Nazarene University
Nashville, TN
$96,180,255
Washington College
Chestertown, MD
$93,610,957
Hampden-Sydney College
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$118,845,969

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