Tennessee Wesleyan University is located in Athens, TN. The organization was established in 1940. 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, Tennessee Wesleyan University employed 426 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Tennessee 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 06/2022, Tennessee Wesleyan University generated $36.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.6% each year. All expenses for the organization totaled $36.4m during the year ending 06/2022. While expenses have increased by 4.8% per year over the past 7 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
FOUR-YEAR LIBERAL ARTS COLLEGE
Describe the Organization's Program Activity:
INSTRUCTIONAL - ENROLLED AND EDUCATED OVER 1000 STUDENTS.
ACADEMIC SUPPORT - INCLUDES THE FUNDS SPENT IN SUPPORT OF THE COLLEGE'S LIBRARY AND OTHER SIMILAR ACTIVITIES.
STUDENT SERVICES - INCLUDES THE FUNDS ASSOCIATED WITH THE SUPPORT OF THE COLLEGE'S STUDENTS ACADEMICS AND RELATED STUDENT ACTIVITIES.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Harley G Knowles President | Officer | 40 | $246,882 |
Robert J Mullaney Director Of Occupational Therapy | Officer | 40 | $131,231 |
Dg Willhite Vpaa | Officer | 40 | $123,600 |
Martha G Harris VP Of Finance | Officer | 40 | $110,748 |
Scott A Mashburn VP Of Student Life | Officer | 40 | $109,951 |
Martha E Maddox Associate Dean Gsb | Officer | 40 | $100,788 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Aramark Corp Food Service | 6/29/22 | $1,518,612 |
Bluecross Blueshield Of Tn Insurance | 6/29/22 | $975,549 |
Athens Utility Board Utilities | 6/29/22 | $651,416 |
National Management Resources Corporatio Maintenance | 6/29/22 | $525,076 |
Webb Plumbing & Electric Corporation Utilities | 6/29/22 | $711,913 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $3,059,348 |
All other contributions, gifts, grants, and similar amounts not included above | $4,620,370 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $7,679,718 |
Total Program Service Revenue | $28,227,873 |
Investment income | $272,698 |
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 | $36,534,539 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $0 |
Grants and other assistance to domestic individuals. | $12,055,024 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $0 |
Compensation of current officers, directors, key employees. | $0 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $9,455,575 |
Pension plan accruals and contributions | $317,287 |
Other employee benefits | $834,863 |
Payroll taxes | $845,932 |
Fees for services: Management | $0 |
Fees for services: Legal | $8,648 |
Fees for services: Accounting | $79,072 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $0 |
Advertising and promotion | $219,647 |
Office expenses | $0 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $0 |
Travel | $492,606 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $688,607 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $1,691,811 |
Insurance | $0 |
All other expenses | $4,072,139 |
Total functional expenses | $36,432,451 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $1,305 |
Savings and temporary cash investments | $1,977,495 |
Pledges and grants receivable | $530,673 |
Accounts receivable, net | $653,853 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $3,490 |
Inventories for sale or use | $8,024 |
Prepaid expenses and deferred charges | $157,769 |
Net Land, buildings, and equipment | $26,168,069 |
Investments—publicly traded securities | $15,313,778 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $44,814,456 |
Accounts payable and accrued expenses | $1,276,516 |
Grants payable | $0 |
Deferred revenue | $868,506 |
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 | $23,657,417 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $497,727 |
Total liabilities | $26,300,166 |
Net assets without donor restrictions | $677,676 |
Net assets with donor restrictions | $17,836,614 |
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 | $44,814,456 |
Over the last fiscal year, we have identified 1 grants that Tennessee Wesleyan University has recieved totaling $25,000.
Awarding Organization | Amount |
---|---|
Athens Federal Foundation Athens, TN PURPOSE: SPECIAL PROJECTS | $25,000 |
Beg. Balance | $12,514,831 |
Earnings | -$188,045 |
Net Contributions | $1,646,053 |
Ending Balance | $13,972,839 |
Organization Name | Assets | Revenue |
---|---|---|
Campbellsville University Inc Campbellsville, KY | $197,242,279 | $142,326,474 |
Spelman College Atlanta, GA | $855,779,306 | $182,970,731 |
Centre College Of Kentucky Danville, KY | $677,636,297 | $215,283,093 |
Mississippi College Clinton, MS | $268,873,931 | $113,425,007 |
Roanoke College Salem, VA | $354,210,741 | $126,475,040 |
Lee University Cleveland, TN | $200,405,989 | $108,753,431 |
Morehouse College Atlanta, GA | $491,950,493 | $206,029,432 |
Union University Jackson, TN | $193,669,100 | $103,290,604 |
Lenoir-Rhyne University Hickory, NC | $251,750,614 | $101,403,823 |
Randolph-Macon College Ashland, VA | $426,120,167 | $119,204,346 |
College Of The Ozarks Point Lookout, MO | $787,489,229 | $134,988,466 |
Bridgewater College Bridgewater, VA | $220,158,848 | $86,618,271 |