Texas Wesleyan University is located in Fort Worth, TX. The organization was established in 1938. According to its NTEE Classification (B43) the organization is classified as: Universities, under the broad grouping of Education and related organizations. As of 05/2022, Texas Wesleyan University employed 746 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Texas 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 05/2022, Texas Wesleyan University generated $108.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.3% each year. All expenses for the organization totaled $89.8m during the year ending 05/2022. While expenses have increased by 3.7% 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
FOUNDED IN 1890 IN FORT WORTH, TEXAS WESLEYAN UNIVERSITY IS A UNITED METHODIST INSTITUTION WITH A TRADITION IN THE LIBERAL ARTS AND SCIENCES... (CONTINUED ON SCH. O)
Describe the Organization's Program Activity:
TEXAS WESLEYAN UNIVERSITY WAS FOUNDED BY THE METHODIST EPISCOPAL CHURCH IN 1890 AND IS THE LONGEST SERVING HIGHER EDUCATION INSTITUTION IN FORT WORTH, LED BY PRESIDENT FREDERICK G. SLABACH. TEXAS WESLEYAN UNIVERSITY LAUNCHED A NEW STRATEGIC PLAN IN 2021 CALLED ENGAGE 2025. THE NEW STRATEGIC PLAN FOCUSES ON ENGAGE IN LEARNING, ENGAGE IN COMMUNITY AND ENGAGE IN LEADERSHIP. TEXAS WESLEYAN UNIVERSITY OFFERS UNDERGRADUATE DEGREES IN THE SCHOOLS OF ARTS AND SCIENCES, BUSINESS AND EDUCATION. ADDITIONALLY, THE UNIVERSITY OFFERS GRADUATE DEGREES IN THE SCHOOLS OF BUSINESS, EDUCATION AND HEALTH PROFESSIONS. THE UNIVERSITY HAS LAUNCHED SEVERAL ONLINE GRADUATE PROGRAMS WITHIN THE PAST SEVERAL YEARS. THE UNIVERSITY ALSO OFFERS AN HONORS CURRICULUM AND A PRE-HEALTH SCIENCE PROGRAM. ENDOWED FUNDS SUPPORT SCHOLARSHIPS, SPEAKER SERIES AND MANY ACADEMIC PROGRAMS BEYOND THE CLASSROOM. OFFICIAL ENROLLMENT FOR THE FALL 2021 TERM INCLUDE 1,848 UNDERGRADUATE AND 757 GRADUATE AND DOCTORAL STUDENTS FOR A TOTAL ENROLLMENT OF 2,605.
STUDENT SERVICES AND ACADEMIC SUPPORT: CAREER SERVICES PROVIDES ACADEMIC SUPPORT SERVICES THROUGH PROGRAMMING, CLASSROOM ENGAGEMENT, JOB/INTERN PLACEMENT OPPORTUNITIES, AND INDIVIDUAL COUNSELING APPOINTMENTS. PROGRAMMING INCLUDES EVENTS FOCUSED ON PROFESSIONAL DEVELOPMENT INCLUDING BUSINESS ETIQUETTE, DIGITAL NETWORKING PLATFORMS, INTERVIEW STRATEGIES, AND GRADUATE SCHOOL PREPARATION. PLACEMENT OPPORTUNITIES ARE AVAILABLE THROUGH STUDENT EMPLOYMENT FAIR, GRADUATE SCHOOL FAIR, CAREER FAIR, AND INDIVIDUAL ACADEMIC PROGRAM SHOWCASES SUCH AS COUNSELING GRADUATE STUDENT CAREER FAIR. CAREER SERVICES CONDUCTED 243 CONSULTATIONS IN 2021-2022 ADDRESSING TOPICS SUCH AS GRADUATE SCHOOL, TYPOLOGY ASSESSMENTS, JOB SEARCH, INTERNSHIP COUNSELING, MAJOR ADVISING, MOCK INTERVIEWS, RESUME REVIEWS, STUDENT EMPLOYMENT, AND OTHER CAREER RELATED MATTERS. ORIENTATION AND NEW STUDENT EXPERIENCES COORDINATED 19 ORIENTATION SESSIONS SERVING 665 PROSPECTIVE STUDENTS FOR 2021-2022. THE OFFICE OF THE DEAN OF STUDENTS ADDRESSES MATTERS CONCERNING ALLEGED MISCONDUCT, CRISIS INTERVENTION, AND CONFLICT RESOLUTION. PROACTIVE EDUCATIONAL INITIATIVES INCLUDE PROGRAMMING FOR SEXUAL ASSAULT AWARENESS MONTH, DOMESTIC VIOLENCE AWARENESS MONTH, AND SAFE-ZONE TRAINING IN ADDITION TO PUBLISHING PREVENTION AND RESPONSE, WHICH IS A TITLE IX RESOURCE. THE TITLE IX POLICY AND WEBSITE WERE UPDATED TO REFLECT THE NEW REGULATIONS. THE DIVISION OF STUDENT AFFAIRS PROMOTES NUMEROUS SUPPORT SERVICES INCLUDING STUDENT ORGANIZATIONS, GREEK LIFE, SOCIAL PROGRAMMING, AND SERVICE LEARNING PROGRAMS. THE MORTON FITNESS CENTER PROVIDES EQUIPMENT AND FACILITIES TO ENCOURAGE WELLNESS AND COMPETITIVE EXCELLENCE INCLUDING WEIGHT TRAINING, CARDIO, AND GROUP FITNESS CLASSES.
HOUSING AND RESIDENCE LIFE: THE UNIVERSITY OFFERS TRADITIONAL, SUITE-STYLE, AND APARTMENT STYLE HALLS ON-CAMPUS WITH OVER 500 RESIDENTS IN FALL 2021. RESIDENCE LIFE STAFF FOCUSES ON REGULAR ONE-ON-ONE INTERACTIONS WITH EACH RESIDENT FOCUSED ON BUILDING RELATIONSHIPS, STIMULATING COMMUNITY, AND HELPING EACH RESIDENT FIND SUCCESS AT TEXAS WESLEYAN. RESIDENCE LIFE HOSTS PROGRAMS IN THE RESIDENCE HALLS THAT HELP STUDENTS DEVELOP IN THE AREAS OF HEALTHY LIVING, MULTICULTURAL COMPETENCE, GLOBAL CITIZENSHIP, LEADERSHIP DEVELOPMENT, PROFESSIONAL DEVELOPMENT, AND EDUCATIONAL EXPLORATION. PROGRAMMING IN THE HALLS IS BASED ON CURRENT STUDENT NEEDS.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Frederick G Slabach President | Officer | 50 | $407,943 |
Paul Austin Professor Of Nurse Anesthesia | 40 | $246,213 | |
Terri Kane Professor Of Nurse Anesthesia | 40 | $196,259 | |
Hector Quintanilla Provost/vp Of Acad Affairs | Officer | 40 | $191,519 |
Jerri Schooley Vice President Of Advancement | Officer | 40 | $187,212 |
Tito Tubog Associate Professor Of Gpna | 40 | $180,105 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Aramark Food And Support Services Food Service | 5/30/22 | $1,785,974 |
Dynamic Campus Solutions Inc It Service | 5/30/22 | $2,590,715 |
Prim Construction Llc Renovation | 5/30/22 | $1,257,879 |
Blackmon Mooring Steamatic Restoration | 5/30/22 | $712,891 |
Sunstates Security Llc Security | 5/30/22 | $603,784 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $634,697 |
Related organizations | $0 |
Government grants | $10,573,808 |
All other contributions, gifts, grants, and similar amounts not included above | $14,300,629 |
Noncash contributions included in lines 1a–1f | $55,719 |
Total Revenue from Contributions, Gifts, Grants & Similar | $25,509,134 |
Total Program Service Revenue | $74,417,297 |
Investment income | $3,453,000 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $3,186,519 |
Net Rental Income | $301,516 |
Net Gain/Loss on Asset Sales | $1,787,823 |
Net Income from Fundraising Events | -$80,320 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $108,798,845 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $0 |
Grants and other assistance to domestic individuals. | $29,719,078 |
Grants and other assistance to Foreign Orgs/Individuals | $4,758,394 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $1,226,182 |
Compensation of current officers, directors, key employees. | $810,029 |
Compensation to disqualified persons | $71,110 |
Other salaries and wages | $23,431,333 |
Pension plan accruals and contributions | $419,418 |
Other employee benefits | $3,021,607 |
Payroll taxes | $1,819,776 |
Fees for services: Management | $1,937,461 |
Fees for services: Legal | $126,006 |
Fees for services: Accounting | $163,830 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $63,064 |
Fees for services: Investment Management | $175,593 |
Fees for services: Other | $1,116,709 |
Advertising and promotion | $1,793,807 |
Office expenses | $2,324,715 |
Information technology | $277,461 |
Royalties | $0 |
Occupancy | $3,267,266 |
Travel | $1,765,078 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $128,705 |
Interest | $333,487 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $3,638,176 |
Insurance | $896,668 |
All other expenses | $2,684,912 |
Total functional expenses | $89,810,847 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $33,147,930 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $5,576,037 |
Accounts receivable, net | $7,154,332 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $0 |
Prepaid expenses and deferred charges | $1,249,896 |
Net Land, buildings, and equipment | $66,663,472 |
Investments—publicly traded securities | $51,411,229 |
Investments—other securities | $9,931,218 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $12,010,228 |
Total assets | $187,144,342 |
Accounts payable and accrued expenses | $6,066,995 |
Grants payable | $0 |
Deferred revenue | $7,756,888 |
Tax-exempt bond liabilities | $8,389,201 |
Escrow or custodial account liability | $0 |
Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
Secured mortgages and notes payable | $30,098 |
Unsecured mortgages and notes payable | $571,579 |
Other liabilities | $664,135 |
Total liabilities | $23,478,896 |
Net assets without donor restrictions | $83,269,422 |
Net assets with donor restrictions | $80,396,024 |
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 | $187,144,342 |
Over the last fiscal year, we have identified 2 grants that Texas Wesleyan University has recieved totaling $22,002.
Awarding Organization | Amount |
---|---|
Virginia Odonnell Charitable Tr Fort Worth, TX PURPOSE: TO AID AND ASSIST IN THE PRIMARY WORKS OF THE BENEFICIARY INSTITUTIONS. | $18,002 |
Florence Kerr Educational Tr Fort Worth, TX PURPOSE: EDUCATIONAL | $4,000 |
Beg. Balance | $73,607,396 |
Earnings | -$663,831 |
Net Contributions | $2,370,389 |
Other Expense | $814,236 |
Grants | $1,213,931 |
Ending Balance | $73,285,787 |
Organization Name | Assets | Revenue |
---|---|---|
Texas Christian University Fort Worth, TX | $4,250,111,470 | $1,168,273,968 |
Southern Methodist University Dallas, TX | $4,000,720,929 | $1,151,429,320 |
University Of The Incarnate Word San Antonio, TX | $487,005,002 | $259,002,070 |
Trinity University San Antonio, TX | $2,152,998,026 | $314,487,625 |
Abilene Christian University Abilene, TX | $773,960,218 | $252,996,672 |
Loyola University New Orleans, LA | $507,723,751 | $180,729,254 |
St Edwards University Austin, TX | $407,674,009 | $177,051,726 |
St Marys University Of San Antonio San Antonio, TX | $377,035,263 | $162,157,507 |
Texas A&m Foundation College Station, TX | $2,465,090,742 | $282,467,067 |
Dallas Baptist University Dallas, TX | $231,209,561 | $142,120,388 |
Oral Roberts University Tulsa, OK | $267,470,829 | $191,939,533 |
Xavier University Of Louisiana New Orleans, LA | $472,117,353 | $172,171,417 |