West Virginia Wesleyan College
- Assets
- $129.9m
- Revenue
- $51.9m
- Investments
- $0.0
- Employees
- 706
- Location
- Buckhannon, WV
- Founding
- 05/1946
- Data as of
- 06/2022
- EIN
- 55-0357056
Organization Overview
West Virginia Wesleyan College is located in Buckhannon, WV. The organization was established in 1946. According to its NTEE Classification (B42) the organization is classified as: Undergraduate Colleges, under the broad grouping of Education and related organizations. As of 06/2022, West Virginia Wesleyan College employed 706 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. West Virginia Wesleyan College 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, West Virginia Wesleyan College generated $51.9m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.8%) each year. All expenses for the organization totaled $45.8m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (3.1%) per year over the past 7 years. 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
WEST VIRGINIA WESLEYAN COLLEGE CHALLENGES ITS STUDENTS TO A LIFE-LONG COMMITMENT TO DEVELOP THEIR INTELLECTUAL, ETHICAL, SPIRITUAL, AND LEADERSHIP POTENTIAL AND TO SET AND UPHOLD STANDARDS OF EXCELLENCE. FIRMLY ROOTED IN THE LIBERAL ARTS TRADITION AND CLOSELY RELATED TO THE UNITED METHODIST CHURCH, THE COLLEGE IS A COMMUNITY OF LEARNING BASED ON FUNDAMENTAL PRINCIPLES FORMED AT THE INTERSECTION OF CHRISTIAN FAITH AND LIBERAL EDUCATION: INTELLECTUAL RIGOR, SELF-DISCOVERY, HUMAN DIGNITY, MUTUAL SUPPORT, SOCIAL JUSTICE, SELF-DISCIPLINE, MENTAL AND PHYSICAL WELLNESS, THE APPRECIATION OF DIVERSITY AND THE NATURAL WORLD, AND THE JUDICIOUS USE OF RESOURCES. THE COLLEGE RECOGNIZES AND AFFIRMS ITS INTERDEPENDENCE WITH THE EXTERNAL COMMUNITIES-LOCAL, REGIONAL, NATIONAL, AND GLOBAL-AND ITS COVENANT WITH THE PEOPLE OF WEST VIRGINIA TO SHARE ITS EDUCATIONAL AND CULTURAL RESOURCES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE COLLEGE ENROLLS STUDENTS IN MORE THAN 40 BACCALAUREATE AND MASTERS PROGRAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joel Thierstein President | OfficerTrustee | 37.5 | $250,517 |
James Moore Interim President | OfficerTrustee | 37.5 | $106,039 |
John Waltz VP Enrollment Mgmt | Officer | 37.5 | $97,429 |
Alison Whitehair VP Of Student Affairs | Officer | 37.5 | $67,199 |
Dedriell Taylor VP For Advancement | Officer | 37.5 | $45,642 |
Lynn Linder VP Academic Affairs & Dean Of The Facultiy | Officer | 37.5 | $44,529 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Aladdin Food Food Service | 6/29/22 | $1,923,673 |
Network Innovation Solutions It Support And Network Services | 6/29/22 | $487,295 |
Independent College Enterprise Software & Supp | 6/29/22 | $225,474 |
Snider Construction Llc Construction | 6/29/22 | $477,538 |
Spark451 Inc Media Services | 6/29/22 | $208,422 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $551,542 |
| All other contributions, gifts, grants, and similar amounts not included above | $6,146,561 |
| Noncash contributions included in lines 1a–1f | $941,101 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,698,103 |
| Total Program Service Revenue | $40,916,687 |
| Investment income | $2,630,255 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,537,264 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $51,877,916 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $19,593,517 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $903,156 |
| Compensation of current officers, directors, key employees. | $524,278 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $10,199,314 |
| Pension plan accruals and contributions | $689,026 |
| Other employee benefits | $1,983,304 |
| Payroll taxes | $756,808 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $44,739 |
| Fees for services: Accounting | $79,678 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $23,212 |
| Advertising and promotion | $0 |
| Office expenses | $1,033,715 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,275,134 |
| Travel | $464,395 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $650,148 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,822,200 |
| Insurance | $670,152 |
| All other expenses | $251,612 |
| Total functional expenses | $45,837,280 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $15,585,592 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $766,034 |
| Accounts receivable, net | $187,585 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $516,197 |
| Inventories for sale or use | $77,832 |
| Prepaid expenses and deferred charges | $293,679 |
| Net Land, buildings, and equipment | $34,378,997 |
| Investments—publicly traded securities | $65,953,079 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $12,154,535 |
| Total assets | $129,913,530 |
| Accounts payable and accrued expenses | $1,691,027 |
| Grants payable | $0 |
| Deferred revenue | $551,375 |
| Tax-exempt bond liabilities | $13,894,528 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $1,038,101 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,499,129 |
| Total liabilities | $19,674,160 |
| Net assets without donor restrictions | $20,612,835 |
| Net assets with donor restrictions | $89,626,535 |
| 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 | $129,913,530 |
Grants Recieved
Over the last fiscal year, we have identified 24 grants that West Virginia Wesleyan College has recieved totaling $2,515,152.
| Awarding Organization | Amount |
|---|---|
American Endowment Foundation Hudson, OH PURPOSE: EDUCATIONAL | $1,589,000 |
Sara E Blake Charitable Foundation Wheeling, WV PURPOSE: SCHOLARSHIPS FOR WORTHY | $397,704 |
Greater Kanawha Valley Foundation Charleston, WV PURPOSE: GENERAL SUPPORT | $232,533 |
Maier Foundation Inc Charleston, WV PURPOSE: UNDERGRADUATE RESEARCH EXPERIENCE | $60,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $50,000 |
West Virginia Independent Colleges And Universities Inc Charleston, WV PURPOSE: SUPPORT OF OPERATIONS | $41,911 |
Endowment Analysis
| Beg. Balance | $84,169,619 |
| Earnings | -$13,457,749 |
| Net Contributions | $2,341,224 |
| Other Expense | $2,500,000 |
| Ending Balance | $70,553,094 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Campbellsville University Inc Campbellsville, KY | $197,242,279 | $142,326,474 |
Centre College Of Kentucky Danville, KY | $677,636,297 | $215,283,093 |
Roanoke College Salem, VA | $354,210,741 | $126,475,040 |
Goucher College Baltimore, MD | $394,278,148 | $93,748,228 |
Ohio Wesleyan University Delaware, OH | $522,945,081 | $119,149,215 |
Lebanon Valley College Annville, PA | $214,348,628 | $104,612,783 |
Seton Hill University Greensburg, PA | $189,465,294 | $99,847,300 |
Wittenberg College Board Of Directors Springfield, OH | $198,135,859 | $89,178,248 |
Juniata College Huntingdon, PA | $246,892,473 | $100,031,718 |
Washington And Jefferson College Washington, PA | $317,857,588 | $82,152,318 |
University Of Mount Union Alliance, OH | $316,310,745 | $109,042,625 |
Randolph-Macon College Ashland, VA | $426,120,167 | $119,204,346 |