Wesleyan College
- Assets
- $93.6m
- Revenue
- $22.9m
- Investments
- $14.9m
- Employees
- 449
- Location
- Macon, GA
- Founding
- 04/1941
- Data as of
- 06/2020
- 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 06/2021, Wesleyan College employed 449 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 06/2020, Wesleyan College generated $22.9m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 1.7% each year. All expenses for the organization totaled $24.3m during the year ending 06/2020. While expenses have increased by 0.3% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
EDUCATIONAL INSTITUTION
Describe the Organization's Program Activity:
Part 3 - Line 4a
ENROLLMENT OF STUDENTS FOR SUMMER SEMESTER 2020; SPRING SEMESTER 2021.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Vivia Fowler President | Officer | 40 | $154,998 |
Melody A Blake Provost | Officer | 40 | $115,068 |
Robert Moye Vp/cfo | Officer | 40 | $111,665 |
Virginia Wilcox Assoc. Prof | 40 | $110,353 | |
Andrea Williford VP Advanceme | Officer | 40 | $92,174 |
Larry Wakefield Vp/cfo | Officer | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Metz Culinary Management Food Services | 6/29/21 | $852,103 |
A Book Company Textbook Rental | 6/29/21 | $541,170 |
National Management Resources Janitorial Serv | 6/29/21 | $523,820 |
Hays Service Heating & Air | 6/29/21 | $164,409 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,218,506 |
| Investment income | $1,271,943 |
| 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 | $22,907,446 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $6,429,188 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $590,211 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $7,072,778 |
| Pension plan accruals and contributions | $322,187 |
| Other employee benefits | $1,560,171 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $213,469 |
| 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 | $560,140 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,493,393 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $24,295,347 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,436,490 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $1,756,257 |
| Accounts receivable, net | $832,161 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $381,689 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $155,291 |
| Investments—publicly traded securities | $35,295,355 |
| Investments—other securities | $14,915,166 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $5,647,930 |
| Total assets | $93,556,815 |
| Accounts payable and accrued expenses | $196,860 |
| Grants payable | $0 |
| Deferred revenue | $383,290 |
| Tax-exempt bond liabilities | $7,640,000 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $5,138,991 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,151,044 |
| Total liabilities | $14,510,185 |
| 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 | $79,046,630 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Wesleyan College has recieved totaling $35,000.
| Awarding Organization | Amount |
|---|---|
Patricia Stewart Burgess Foundation Inc Macon, GA PURPOSE: SUPPORT THE WILLET LIBRARY FUND. | $35,000 |
Endowment Analysis
| Net Contributions | $936,894 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Guilford College Greensboro, NC | $214,106,962 | $54,557,208 |
Covenant College Inc Lookout Mountain, GA | $98,255,603 | $50,724,767 |
Barton College Wilson, NC | $97,394,035 | $47,073,555 |
Reinhardt University Waleska, GA | $120,947,179 | $50,634,912 |
Milligan University Milligan, TN | $122,087,054 | $57,184,968 |
Miles College Fairfield, AL | $95,783,028 | $49,621,884 |
Erskine College Due West, SC | $80,598,505 | $43,903,518 |
Florida Memorial University Inc Miami Gardens, FL | $88,071,695 | $38,959,091 |
Carson-Newman University Jefferson City, TN | $160,428,637 | $65,286,029 |
Tusculum University Greeneville, TN | $114,694,317 | $47,879,632 |
King University Bristol, TN | $69,555,277 | $42,931,439 |
Warren Wilson College Asheville, NC | $113,155,084 | $40,910,763 |