Wesleyan College
- Assets
- $99.1m
- Revenue
- $18.1m
- Investments
- $14.6m
- Employees
- 397
- Location
- Macon, GA
- Founding
- 04/1941
- Data as of
- 06/2022
- EIN
- 58-0593438
Organization Overview
Wesleyan College is located in Macon, GA. The organization was established in 1941. 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, Wesleyan College employed 397 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. 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, Wesleyan College generated $18.1m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.9%) each year. All expenses for the organization totaled $26.6m during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
EDUCATIONAL INSTITUTION
Describe the Organization's Program Activity:
ENROLLMENT OF STUDENTS FOR SUMMER AND FALL SEMESTER 2021 AND SPRING SEMESTER 2022.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
See Attached List Of Trustees Trustee | Trustee | 2 | $0 |
Meaghan Blight President | Officer | 40 | $0 |
Vivia Fowler President | Officer | 40 | $166,188 |
Melody A Blake Provost | Officer | 40 | $118,316 |
Larry Wakefield CFO - Tax Ye | Officer | 40 | $0 |
Robert Moye Vp/cfo - Pas | Officer | 40 | $119,315 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Spillers Design & Construction Construction | 6/29/22 | $1,174,306 |
Metz Culinary Management Food Services | 6/29/22 | $1,088,807 |
Synergy Campus Security Services Llc Security | 6/29/22 | $240,519 |
Sconyers Plumbing Company Walt Plumbing | 6/29/22 | $226,375 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,813,336 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,435,004 |
| Noncash contributions included in lines 1a–1f | $1,390,478 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,248,340 |
| Total Program Service Revenue | $20,160,544 |
| Investment income | $1,759,516 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $18,147,535 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $6,887,885 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $499,404 |
| Compensation of current officers, directors, key employees. | $156,819 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,686,640 |
| Pension plan accruals and contributions | $273,700 |
| Other employee benefits | $1,299,603 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $14,209 |
| Fees for services: Accounting | $90,550 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $264,962 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $496,024 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,367,237 |
| Insurance | $0 |
| All other expenses | $3,822,029 |
| Total functional expenses | $26,622,955 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $590,716 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $1,202,644 |
| Accounts receivable, net | $3,199,549 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $223,779 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $153,513 |
| Net Land, buildings, and equipment | $31,130,767 |
| Investments—publicly traded securities | $37,691,790 |
| Investments—other securities | $14,609,169 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $10,248,236 |
| Total assets | $99,050,163 |
| Accounts payable and accrued expenses | $390,415 |
| Grants payable | $0 |
| Deferred revenue | $593,357 |
| 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 | $11,036,348 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $928,663 |
| Total liabilities | $12,948,783 |
| Net assets without donor restrictions | $20,522,361 |
| Net assets with donor restrictions | $65,579,019 |
| 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 | $99,050,163 |