Western Governors University
- Assets
- $621.7m
- Revenue
- $1.0b
- Investments
- $16.3m
- Employees
- 7,914
- Location
- Salt Lake City, UT
- Founding
- 10/2014
- Data as of
- 06/2021
- EIN
- 84-1383926
Organization Overview
Western Governors University is located in Salt Lake City, UT. The organization was established in 2014. According to its NTEE Classification (B43) the organization is classified as: Universities, under the broad grouping of Education and related organizations. As of 06/2021, Western Governors University employed 7,914 individuals. This organization is a parent organization of an affiliated group for tax-exemption purposes. Western Governors 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 06/2021, Western Governors University generated $1.0b in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 14.5% each year . All expenses for the organization totaled $994.7m during the year ending 06/2021. While expenses have increased by 14.9% 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO OPERATE AND ADMINISTER AN ORGANIZATION OF HIGHER LEARNING.
Describe the Organization's Program Activity:
WESTERN GOVERNORS UNIVERSITY IS AN ONLINE, NONPROFIT, COMPETENCY-BASED UNIVERSITY WITH MORE THAN 137,000 STUDENTS NATIONWIDE AND MORE THAN 272,000 GRADUATES IN ALL 50 STATES, AS OF APRIL 2021. IT WAS ESTABLISHED IN 1997 BY 19 U.S. GOVERNORS WITH A MISSION TO EXPAND ACCESS TO HIGH-QUALITY, AFFORDABLE HIGHER EDUCATION. WGU IS ACCREDITED BY THE NORTHWEST COMMISSION ON COLLEGES AND UNIVERSITIES AND OFFERS UNDERGRADUATE AND GRADUATE DEGREE PROGRAMS IN BUSINESS, INFORMATION TECHNOLOGY, HEALTHCARE/NURSING, AND K-12 EDUCATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Scott D Pulsipher President & Trustee | OfficerTrustee | 40 | $1,539,991 |
David Grow Chief Operating Officer | Officer | 40 | $1,489,404 |
Robert Mendenhall Former President | 0 | $899,129 | |
Marni Baker-Stein Chief Academic Officer | Officer | 40 | $646,740 |
David Morales Sr Vp, Technology & Cio | Officer | 40 | $498,768 |
Carey Hilderbrand Chief Marketing Officer | 40 | $381,535 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Phd Media Llc Media Management | 6/29/21 | $68,861,565 |
Facebook Advertising Usa Advertising | 6/29/21 | $10,117,304 |
Ucertify Llc Learning Resources | 6/29/21 | $11,623,716 |
Salesforceorg Crm System | 6/29/21 | $9,885,236 |
Google Inc Web Marketing | 6/29/21 | $57,688,812 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $23,807,168 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $23,807,168 |
| Total Program Service Revenue | $964,633,332 |
| Investment income | $7,841,561 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $21,276,285 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,020,118,520 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $44,801,994 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $6,962,968 |
| Compensation of current officers, directors, key employees. | $1,803,502 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $448,121,554 |
| Pension plan accruals and contributions | $22,928,758 |
| Other employee benefits | $77,974,423 |
| Payroll taxes | $33,349,485 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $530,779 |
| Fees for services: Accounting | $161,209 |
| Fees for services: Lobbying | $878,928 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,884,507 |
| Fees for services: Other | $69,489,415 |
| Advertising and promotion | $157,251,312 |
| Office expenses | $2,634,774 |
| Information technology | $34,201,130 |
| Royalties | $0 |
| Occupancy | $10,588,805 |
| Travel | $618,408 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $905,597 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $6,917,081 |
| Insurance | $466,876 |
| All other expenses | $4,022,330 |
| Total functional expenses | $994,721,354 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $83,449,642 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $35,703,234 |
| 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 | $24,948,586 |
| Net Land, buildings, and equipment | $24,397,492 |
| Investments—publicly traded securities | $436,828,050 |
| Investments—other securities | $16,277,962 |
| Investments—program-related | $0 |
| Intangible assets | $74,055 |
| Other assets | $0 |
| Total assets | $621,679,021 |
| Accounts payable and accrued expenses | $101,308,724 |
| Grants payable | $0 |
| Deferred revenue | $207,244,935 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $308,553,659 |
| Net assets without donor restrictions | $309,871,999 |
| Net assets with donor restrictions | $3,253,363 |
| 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 | $621,679,021 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Western Governors University has recieved totaling $4,350.
| Awarding Organization | Amount |
|---|---|
Alice Oth Charitable Foundation Omaha, NE PURPOSE: EDUCATION | $2,350 |
Nancy A Larson Foundation Inc Old Lyme, CT PURPOSE: SCHOLARSHIP | $1,000 |
Nancy A Larson Foundation Inc Old Lyme, CT PURPOSE: SCHOLARSHIP | $1,000 |
Endowment Analysis
| Beg. Balance | $412,660 |
| Earnings | $205,000 |
| Other Expense | $30,000 |
| Ending Balance | $587,660 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Western Governors University Salt Lake City, UT | $621,679,021 | $1,020,118,520 |
University Of Denver Denver, CO | $1,851,080,134 | $716,746,092 |
Colorado College Th Colorado Springs, CO | $1,436,368,887 | $272,135,370 |
Colorado Christian University Lakewood, CO | $209,184,002 | $148,957,888 |
Westminster College Salt Lake City, UT | $228,140,724 | $82,856,817 |
The American University Of Paris Inc Denver, CO | $83,974,222 | $36,441,184 |
Naropa University Boulder, CO | $34,704,482 | $31,100,655 |
Prescott College Inc Prescott, AZ | $32,109,513 | $27,987,581 |
Campus Research Corporation Tucson, AZ | $42,821,356 | $14,706,755 |
Hsdl Llc Provo, UT | $2,946,169 | $10,965,696 |
Wyoming Catholic College Lander, WY | $8,783,917 | $10,070,665 |
Frank Lloyd Wright Foundation Scottsdale, AZ | $22,427,881 | $12,357,928 |