Southern Wesleyan University
- Assets
- $41.3m
- Revenue
- $34.0m
- Investments
- $4.0m
- Employees
- 559
- Location
- Central, SC
- Founding
- 05/1970
- Data as of
- 06/2021
- EIN
- 57-0324936
Organization Overview
Southern Wesleyan University is located in Central, SC. The organization was established in 1970. 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, Southern Wesleyan University employed 559 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Southern 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
CHALLENGING STUDENTS TO BE DEDICATED SCHOLARS AND LEADERS WHO IMPACT THE WORLD FOR CHRIST.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SOUTHERN WESLEYAN UNIVERSITY IS A CHRIST-CENTERED, STUDENT-FOCUSED LEARNING COMMUNITY DEVOTED TO TRANSFORMING LIVES BY CHALLENGING STUDENTS TO BE DEDICATED SCHOLARS AND SERVANT LEADERS WHO IMPACT THE WORLD FOR CHRIST. SOUTHERN WESLEYAN UNIVERSITY SEEKS TO MEET THE EDUCATIONAL NEEDS OF DIVERSE STUDENT POPULATIONS THROUGH BOTH TRADITIONAL AND INNOVATIVE APPROACHES. FOR THOSE STUDENTS WHO SEEK AN EXCELLENT RESIDENTIAL CAMPUS EXPERIENCE IN THE CONTEXT OF A STRONG CHRISTIAN ENVIRONMENT, THE UNIVERSITY PROVIDES ON-CAMPUS PROGRAMS AT ITS FACILITY IN CENTRAL, SOUTH CAROLINA. THERE THE RICH TRADITIONS OF ACADEMIA ARE COUPLED WITH RESIDENCE HALL COMMUNITIES, SPORTS, CHAPEL AND ARTISTIC PERFORMANCES.SWU'S ON-CAMPUS PROGRAM OFFERS A WIDE VARIETY OF UNDERGRADUATE MAJORS IN AREAS SUCH AS BUSINESS, RECREATION, TEACHER EDUCATION, MUSIC, ENGLISH, COMMUNICATION, RELIGION & MINISTRY, BIOLOGY, CHEMISTRY, MATH, COMPUTER SCIENCE, FORENSICS, PRE-MEDICINE, HISTORY, PSYCHOLOGY, SOCIAL SCIENCE AND HUMAN SERVICES. SOUTHERN WESLEYAN UNIVERSITY OFFERS ONLINE PROGRAMS IN AN INNOVATIVE FRAMEWORK THAT PROVIDE OPPORTUNITIES TO CONVENIENTLY COMPLETE UNDERGRADUATE, GRADUATE AND POSTGRADUATE PROGRAMS. SWU ONLINE CONTINUES YEAR-ROUND, AND STUDENTS ENTER THE PROGRAM AT SEVERAL TIMES DURING THE YEAR.UNDERGRADUATE PROGRAMS OFFERED THROUGH SWU ONLINE INCLUDE AN ASSOCIATE DEGREE IN GENERAL STUDIES. ALSO OFFERED ARE BACHELOR OF SCIENCE PROGRAMS IN BUSINESS ADMINISTRATION, HUMAN SERVICES, NURSING, AND EARLY CHILDHOOD AND FAMILY STUDIES. SOUTHERN WESLEYAN UNIVERSITY ALSO OFFERS ONLINE GRADUATE AND POSTGRADUATE PROGRAMS INCLUDING THE MASTER OF BUSINESS ADMINISTRATION (MBA), THE MASTER OF SCIENCE IN MANAGEMENT (MSM), THE MASTER OF EDUCATION IN CLASSROOM LEADERSHIP (MEDCL), THE MASTER OF EDUCATION IN ADMINISTRATION AND SUPERVISION (MEDAS), THE MASTER OF EDUCATION IN E-LEARNING AND INSTRUCTIONAL DESIGN, AND THE DOCTOR OF EDUCATION IN CURRICULUM AND ASSESSMENT (EDD).
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rev J Mike Hilson Chair | OfficerTrustee | 1 | $0 |
Rev Jerry L Lumston Vice Chair | OfficerTrustee | 1 | $0 |
Rev Jonathan W Lewis Secretary | OfficerTrustee | 1 | $0 |
Dr Daniel A Berry Director | Trustee | 1 | $0 |
Mr Pete Benson Director | Trustee | 1 | $0 |
Mr William L Benton Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Pioneer College Caterers Inc Food Services | 6/29/22 | $952,879 |
Wescad Inc Home Services | 6/29/22 | $217,735 |
The Budd Group Custodial Services | 6/29/22 | $394,184 |
Vernon Miller Builders Llc Construction Services | 6/29/22 | $371,494 |
Crawford Strategy Llc Marketing Services | 6/29/22 | $213,976 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,842,583 |
| Investment income | $14,939 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $282,848 |
| Net Gain/Loss on Asset Sales | $176,071 |
| Net Income from Fundraising Events | $2,245 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $34,040,688 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $9,494,515 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $362,081 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $9,109,177 |
| Pension plan accruals and contributions | $227,085 |
| Other employee benefits | $905,264 |
| Payroll taxes | $689,622 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $102,902 |
| Fees for services: Accounting | $59,904 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,324,516 |
| Advertising and promotion | $633,991 |
| Office expenses | $1,932,633 |
| Information technology | $712,456 |
| Royalties | $0 |
| Occupancy | $1,049,172 |
| Travel | $476,325 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,333 |
| Interest | $207,846 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,294,303 |
| Insurance | $341,788 |
| All other expenses | $0 |
| Total functional expenses | $32,599,593 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,575,962 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $99,119 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $565,091 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $856,587 |
| Investments—publicly traded securities | $4,672,238 |
| Investments—other securities | $4,039,512 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $41,257,690 |
| Accounts payable and accrued expenses | $1,235,234 |
| Grants payable | $0 |
| Deferred revenue | $1,134,474 |
| Tax-exempt bond liabilities | $4,560,490 |
| 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 | $829,986 |
| Total liabilities | $7,760,184 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $33,497,506 |