Totals
- Total revenue
- $37,880,480
- Total expenses
- $44,205,280
- Contributions and grants received
- $3,558,937
- Grants paid
- $14,850,948
- Program service revenue
- $34,430,367
- Investment income
- -$722,192
- Other revenue
- $613,368
- Total assets, end of year
- $124,718,529
- Total liabilities, end of year
- $22,886,495
- Net assets or fund balances, end of year
- $101,832,034
- Program services expenses (Part IX)
- $37,840,957
- Management and general expenses
- $4,118,282
- Fundraising expenses
- $2,246,041
- Program service expenses (Part III)
- $37,840,957
Program services were 85.6% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1e · Government grants (contributions)
$899,523
-
1f · All other contributions, gifts and grants
$2,659,414
-
1g · Noncash contributions included above
$434,488
-
2a · Program service revenue: TUITION AND FEES
total $27,152,945 · related or exempt $27,152,945
-
2b · Program service revenue: OTHER AUXILIARY INCOME
total $6,474,812 · related or exempt $6,474,812
-
2c · Program service revenue: OTHER INCOME
total $802,610 · related or exempt $802,610
-
3 · Investment income
total $1,347,259 · excluded $1,347,259
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $0
-
6a · Gross rents
real property $613,368
-
6c · Rental income or loss
real property $613,368 · personal property $0
-
6d · Net rental income or loss
total $613,368 · related or exempt $613,368
-
7a · Gross sales of assets other than inventory
securities $25,339,981
-
7b · Less cost or other basis and sales expenses
securities $27,409,432
-
7c · Gain or loss
securities -$2,069,451
-
7d · Net gain or loss
total -$2,069,451 · excluded -$2,069,451
-
8a · Fundraising events: gross income
$0
-
8b · Fundraising events: direct expenses
$0
-
8c · Net income from fundraising events
total $0
-
9a · Gaming: gross income
$0
-
9b · Gaming: direct expenses
$0
-
9c · Net income from gaming
total $0
-
10a · Gross sales of inventory
$0
-
10b · Cost of goods sold
$0
-
10c · Net income from sales of inventory
total $0
-
11e · Other revenue, total
$0
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $0
-
2 · Grants to domestic individuals
total $14,850,948 · program services $14,850,948
-
3 · Grants to foreign organizations and individuals
total $0
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $751,226 · program services $591,399 · management and general $95,610 · fundraising $64,217
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $10,941,347 · program services $8,613,517 · management and general $1,392,520 · fundraising $935,310
-
8 · Pension plan contributions
total $535,574 · program services $421,628 · management and general $68,163 · fundraising $45,783
-
9 · Other employee benefits
total $1,304,556 · program services $1,027,005 · management and general $166,033 · fundraising $111,519
-
10 · Payroll taxes
total $838,235 · program services $659,896 · management and general $106,683 · fundraising $71,656
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $121,369 · program services $95,547 · management and general $15,447 · fundraising $10,375
-
11c · Fees: accounting
total $82,500 · program services $64,948 · management and general $10,500 · fundraising $7,052
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $142,840 · program services $112,450 · management and general $18,179 · fundraising $12,211
-
11g · Fees: other
total $2,217,459 · program services $1,745,683 · management and general $282,219 · fundraising $189,557
-
12 · Advertising and promotion
total $238,887 · program services $188,063 · management and general $30,403 · fundraising $20,421
-
13 · Office expenses
total $484,450 · program services $381,381 · management and general $61,657 · fundraising $41,413
-
14 · Information technology
total $1,038,394 · program services $817,470 · management and general $132,158 · fundraising $88,766
-
15 · Royalties
total $0
-
16 · Occupancy
total $2,149,833 · program services $1,692,445 · management and general $273,612 · fundraising $183,776
-
17 · Travel
total $537,139 · program services $422,860 · management and general $68,362 · fundraising $45,917
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $61,142 · program services $48,134 · management and general $7,782 · fundraising $5,227
-
20 · Interest
total $703,460 · management and general $703,460
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $2,201,810 · program services $2,130,964 · management and general $70,846 · fundraising $0
-
23 · Insurance
total $558,260 · program services $439,487 · management and general $71,050 · fundraising $47,722
-
24a · Other expenses: EQUIPMENT EXPENSE
total $449,830 · program services $354,126 · management and general $57,250 · fundraising $38,453
-
24b · Other expenses: EVENTS EXPENSE
total $226,904 · program services $178,629 · management and general $28,878 · fundraising $19,397
-
24c · Other expenses: FOOD EXPENSE
total $1,957,739 · program services $1,541,220 · management and general $249,164 · fundraising $167,355
-
24d · Other expenses: BAD DEBT EXPENSE
total $174,670 · program services $174,670 · management and general $0 · fundraising $0
-
24e · All other expenses
total $1,636,708 · program services $1,288,490 · management and general $208,307 · fundraising $139,912
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $530 · end of year $530
-
2 · Savings and temporary cash investments
beginning of year $4,756,844 · end of year $5,956,690
-
3 · Pledges and grants receivable
beginning of year $544,738 · end of year $1,032,001
-
4 · Accounts receivable
beginning of year $727,514 · end of year $550,998
-
5 · Loans and receivables from officers and key people
beginning of year $0 · end of year $0
-
6 · Loans and receivables from disqualified persons
beginning of year $0 · end of year $0
-
7 · Other notes and loans receivable
beginning of year $3,114,867 · end of year $1,842,803
-
8 · Inventories for sale or use
beginning of year $50,910 · end of year $50,910
-
9 · Prepaid expenses and deferred charges
beginning of year $384,087 · end of year $580,762
-
10a · Land, buildings and equipment: cost or other basis
$95,502,518
-
10b · Land, buildings and equipment: accumulated depreciation
$51,219,603
-
10c · Land, buildings and equipment, net
beginning of year $45,719,604 · end of year $44,282,915
-
11 · Investments: publicly traded securities
beginning of year $56,048,351 · end of year $57,264,074
-
12 · Investments: other securities
beginning of year $7,307,793 · end of year $7,231,000
-
13 · Investments: program-related
beginning of year $0 · end of year $0
-
14 · Intangible assets
beginning of year $0 · end of year $0
-
15 · Other assets
beginning of year $6,434,950 · end of year $5,925,846
-
17 · Accounts payable and accrued expenses
beginning of year $654,347 · end of year $1,305,837
-
18 · Grants payable
beginning of year $0 · end of year $0
-
19 · Deferred revenue
beginning of year $1,812,063 · end of year $1,734,476
-
20 · Tax-exempt bond liabilities
beginning of year $0 · end of year $0
-
21 · Escrow or custodial account liability
beginning of year $0 · end of year $0
-
22 · Loans and payables to officers and key people
beginning of year $0 · end of year $0
-
23 · Secured mortgages and notes payable
beginning of year $18,316,438 · end of year $17,572,272
-
24 · Unsecured notes and loans payable
beginning of year $0 · end of year $0
-
25 · Other liabilities
beginning of year $3,844,254 · end of year $2,273,910
-
27 · Net assets without donor restrictions
beginning of year $49,511,893 · end of year $45,291,396
-
28 · Net assets with donor restrictions
beginning of year $50,951,193 · end of year $56,540,638
Mission and programs · 2022
Mission
THE MISSION OF WILMINGTON COLLEGE IS TO EDUCATE, INSPIRE AND PREPARE EACH STUDENT FOR A LIFE OF SERVICE AND SUCCESS. TO FULFILL THAT MISSION, WILMINGTON COLLEGE PROVIDES A HIGH QUALITY UNDERGRADUATE AND GRADUATE EDUCATIONAL ENVIRONMENT SHAPED BY THE TRADITIONS OF THE LIBERAL ARTS, CAREER PREPARATION AND THE DISTINCTIVE PRACTICES OF THE RELIGIOUS SOCIETY OF FRIENDS (QUAKERS). BY OFFERING ACADEMIC PROGRAMS, PRACTICAL EXPERIENCE AND CO-CURRICULAR ACTIVITIES IN A VARIETY OF SETTINGS TO STUDENTS FROM DIVERSE BACKGROUNDS, THE COLLEGE LEADS STUDENTS TO GAIN AN AWARENESS OF THE WORLD, TO ACQUIRE KNOWLEDGE OF CAREER AND VOCATION AND TO SEEK TRUTH AND SOCIAL JUSTICE. IN KEEPING WITH THE RICH HERITAGE OF THE LIBERAL ARTS, THE COLLEGE SEEKS TO EDUCATE THE WHOLE PERSON - INTELLECTUAL, EMOTIONAL, PHYSICAL AND SPIRITUAL - IN WAYS THAT FOSTER CRITICAL THINKING, REFLECTION, THE FREE EXCHANGE OF IDEAS, OPEN INQUIRY, RESPECT FOR ALL PERSONS AND A DESIRE FOR LIFELONG LEARNING. THE LIBERAL ARTS ARE INTEGRA
Activities or mission (Part I)
THE PURPOSE OF WILMINGTON COLLEGE IS TO EDUCATE, INSPIRE, AND PREPARE EACH STUDENT FOR A LIFE OF SUCCESS AND SERVICE.
-
EDUCATIONAL INSTRUCTION AND RELATED ACTIVITIES WERE PROVIDED FOR LIBERAL ARTS STUDENTS. AUXILIARY ENTERPRISES INCLUDES RESIDENCE HALLS, DINING ROOM, BOOK STORE AND OTHER ACTIVITIES RELATING TO THE EDUCATIONAL PURPOSES OF THE INSTITUTION.
Expenses $37,840,957 · Grants $14,850,948 · Revenue $35,043,735
As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Trevor BatesTREVOR BATES
PRESIDENT - TERM ENDED 4/2023
- Total calculated
- $278,912
- From this org
- $265,000
- From related orgs
- $0
- Other
- $13,912
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $259,375
- Bonus
- $5,400
- Other
- $225
- Deferred
- $13,912
- Nontaxable benefits
- $0
- Filer's total
- $278,912
-
Beatriz Ibanez-AlvarezBEATRIZ IBANEZ-ALVAREZ
VP AND CHIEF FINANCIAL OFFICER
- Total calculated
- $185,931
- From this org
- $160,000
- From related orgs
- $0
- Other
- $25,931
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $158,595
- Bonus
- $0
- Other
- $1,405
- Deferred
- $6,561
- Nontaxable benefits
- $19,370
- Filer's total
- $185,931
-
Dennis KellyDENNIS KELLY
CHIEF ENROLLMENT OFFICER
- Total calculated
- $175,808
- From this org
- $175,000
- From related orgs
- $0
- Other
- $808
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $175,000
- Bonus
- $0
- Other
- $0
- Deferred
- $808
- Nontaxable benefits
- $0
- Filer's total
- $175,808
-
Joseph BullJOSEPH BULL
VP OF ADVANCEMENT
- Total calculated
- $166,847
- From this org
- $137,000
- From related orgs
- $0
- Other
- $29,847
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $137,000
- Bonus
- $0
- Other
- $0
- Deferred
- $9,590
- Nontaxable benefits
- $20,257
- Filer's total
- $166,847
-
Sigrid SolomonSIGRID SOLOMON
VP OF STUDENT AFFAIRS
- Total calculated
- $144,879
- From this org
- $127,192
- From related orgs
- $0
- Other
- $17,687
- Hours/week
- 40
-
Ken PattersonKEN PATTERSON
ACADEMIC DEAN
- Total calculated
- $141,673
- From this org
- $129,548
- From related orgs
- $0
- Other
- $12,125
- Hours/week
- 40
-
John McKiernanJOHN MCKIERNAN
CHIEF OF STAFF
- Total calculated
- $113,460
- From this org
- $100,000
- From related orgs
- $0
- Other
- $13,460
- Hours/week
- 40
-
Coreen CockerillCOREEN COCKERILL
INTERIM PRESIDENT
- Total calculated
- $110,575
- From this org
- $103,750
- From related orgs
- $0
- Other
- $6,825
- Hours/week
- 40
-
Aaron DenuAARON DENU
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Brent BillBRENT BILL
TRUSTEE/SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
Christen CloughertyCHRISTEN CLOUGHERTY
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Dan BuckleyDAN BUCKLEY
TRUSTEE/VICE CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Daniel Smith-ChristopherDANIEL SMITH-CHRISTOPHER
TRUSTEE - TERM ENDED
- Total calculated
- $0
- Hours/week
- 1
-
David RaizkDAVID RAIZK
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Delores Hargrove-YoungDELORES HARGROVE-YOUNG
TRUSTEE - TERM ENDED
- Total calculated
- $0
- Hours/week
- 1
-
Edmund BesongEDMUND BESONG
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Elizabeth GarveyELIZABETH GARVEY
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Ellen HiattELLEN HIATT
TRUSTEE - TERM ENDED
- Total calculated
- $0
- Hours/week
- 1
-
Evan WilliamsEVAN WILLIAMS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Evans NwankwoEVANS NWANKWO
TRUSTEE - TERM ENDED
- Total calculated
- $0
- Hours/week
- 1
-
Henry FreemanHENRY FREEMAN
TRUSTEE - TERM ENDED
- Total calculated
- $0
- Hours/week
- 1
-
Jeremiah GuapponeJEREMIAH GUAPPONE
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Jonathan McKayJONATHAN MCKAY
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Jr ReidJR REID
TRUSTEE - TERM ENDED
- Total calculated
- $0
- Hours/week
- 1
-
Larry SidwellLARRY SIDWELL
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Lucy SteinitzLUCY STEINITZ
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Marcy HawleyMARCY HAWLEY
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Nancy SummersNANCY SUMMERS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Rich SidwellRICH SIDWELL
TRUSTEE/CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Taylor StuckertTAYLOR STUCKERT
TRUSTEE/ASST SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
Tim BurenTIM BUREN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Tyrone TaylorTYRONE TAYLOR
TRUSTEE - TERM ENDED
- Total calculated
- $0
- Hours/week
- 1
-
William ShoecraftWILLIAM SHOECRAFT
TRUSTEE - TERM ENDED
- Total calculated
- $0
- Hours/week
- 1
-
Christopher CheCHRISTOPHER CHE
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Ruth OlmstedRUTH OLMSTED
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Elizabeth Salinas-NewbyELIZABETH SALINAS-NEWBY
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
William ShawWILLIAM SHAW
TRUSTEE - TERM ENDED
- Total calculated
- $0
- Hours/week
- 1
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
- 1a · Housing allowance or residence for personal use
- 1b · Written policy on the line-1a expenses
- 3 · Independent compensation consultant
- 3 · Form 990 of other organizations
- 3 · Written employment contract
- 3 · Compensation survey or study
- 3 · Approval by the board or compensation committee
Answered no
- 2 · Substantiation required before reimbursing expenses
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
The filer's explanations (Part III)
- SCHEDULE J, PART I, LINE 1A
- THE COLLEGE PROVIDES A RESIDENCE AND HOUSEHOLD SERVICES FOR THE PRESIDENT, TREVOR BATES. THE RESIDENCE IS NOT INCLUDED IN THE PRESIDENT'S TAXABLE INCOME. THE RESIDENCE IS FURNISHED FOR THE CONVENIENCE OF THE COLLEGE, AND IT IS AVAILABLE FOR USE TO HOST FACULTY, STAFF, AND STUDENT FUNCTIONS. THE PRESIDENT WAS REQUIRED TO LIVE IN THE RESIDENCE AS A CONDITION OF EMPLOYMENT, AND THE RESIDENCE IS CONTIGUOUS TO THE COLLEGE'S CAMPUS.
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
No itemized grants to organizations on this return.
Related organizations on this return
Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.
-
WILMINGTON COLLEGE HOLDINGS INC
501(C)(3) · FACILITIES · OH · controlled entity
Directly controlled by WC
Taxable family on this return
Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.
Disregarded entities
Part I: entities that legally are the filer and file no return of their own.
-
WILMINGTON INST FOR SPORTS & RECREACTION
FACILITIES · OH
Directly controlled by WC
-
WILMINGTON COLLEGE PROPERTIES LLC
REAL ESTATE · OH
Directly controlled by WC
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 15 May 2024
- IRS schema version
- 2022v5.0
- Source object
- 202431369349309063
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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