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Nonprofiteer
← ILLINOIS WESLEYAN UNIVERSITY

Form 990 for tax year 2024

Filed by ILLINOIS WESLEYAN UNIVERSITY.

Totals

Total revenue
$78,068,485
Total expenses
$79,997,976
Contributions and grants received
$17,408,584
Grants paid
$0
Program service revenue
$52,208,366
Investment income
$8,464,860
Other revenue
-$13,325
Total assets, end of year
$449,834,382
Total liabilities, end of year
$105,140,853
Net assets or fund balances, end of year
$344,693,529
Program services expenses (Part IX)
$75,985,509
Management and general expenses
$4,012,467
Fundraising expenses
$0
Program service expenses (Part III)
$75,985,509

Program services were 95.0% 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)

    $2,227,892

  • 1f · All other contributions, gifts and grants

    $15,180,692

  • 1g · Noncash contributions included above

    $2,849,613

  • 2a · Program service revenue: NET TUITION AND FEES

    total $34,113,114 · related or exempt $34,113,114

  • 2b · Program service revenue: AUXILLIARY ENTERPRISES

    total $16,936,159 · related or exempt $16,936,159

  • 2c · Program service revenue: OTHER EDUCATION AND GE

    total $1,159,093 · related or exempt $1,159,093

  • 3 · Investment income

    total $705,788 · unrelated business $621,209 · excluded $84,579

  • 6a · Gross rents

    real property $542,472

  • 6b · Less rental expenses

    real property $523,098

  • 6c · Rental income or loss

    real property $19,374

  • 6d · Net rental income or loss

    total $19,374 · unrelated business $19,374

  • 7a · Gross sales of assets other than inventory

    securities $109,227,271 · other assets $329,957

  • 7b · Less cost or other basis and sales expenses

    securities $101,798,156 · other assets $0

  • 7c · Gain or loss

    securities $7,429,115 · other assets $329,957

  • 7d · Net gain or loss

    total $7,759,072 · excluded $7,759,072

  • 10a · Gross sales of inventory

    $615,672

  • 10b · Cost of goods sold

    $648,371

  • 10c · Net income from sales of inventory

    total -$32,699 · unrelated business -$32,699

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $1,814,984 · management and general $1,814,984

  • 7 · Other salaries and wages

    total $28,884,756 · program services $28,117,355 · management and general $767,401

  • 8 · Pension plan contributions

    total $1,081,037 · program services $1,081,037

  • 9 · Other employee benefits

    total $7,595,542 · program services $7,253,621 · management and general $341,921

  • 11b · Fees: legal

    total $453,370 · program services $453,370

  • 11c · Fees: accounting

    total $193,921 · program services $193,921

  • 11g · Fees: other

    total $4,691,002 · program services $4,340,690 · management and general $350,312

  • 13 · Office expenses

    total $4,902,149 · program services $4,690,677 · management and general $211,472

  • 14 · Information technology

    total $2,576,648 · program services $2,572,745 · management and general $3,903

  • 16 · Occupancy

    total $7,529,247 · program services $7,414,929 · management and general $114,318

  • 17 · Travel

    total $1,512,613 · program services $1,468,292 · management and general $44,321

  • 19 · Conferences, conventions and meetings

    total $143,753 · program services $129,605 · management and general $14,148

  • 20 · Interest

    total $2,586,706 · program services $2,586,556 · management and general $150

  • 22 · Depreciation, depletion and amortization

    total $6,460,789 · program services $6,144,459 · management and general $316,330

  • 23 · Insurance

    total $1,247,965 · program services $1,247,965

  • 24a · Other expenses: COST OF GOODS SOLD - AU

    total $4,526,396 · program services $4,526,396

  • 24b · Other expenses: TUITION REMISSION

    total $2,689,853 · program services $2,689,853

  • 24c · Other expenses: MISCELLANEOUS

    total $653,646 · program services $625,857 · management and general $27,789

  • 24d · Other expenses: STUDY ABROAD

    total $315,530 · program services $315,530

  • 24e · All other expenses

    total $138,069 · program services $132,651 · management and general $5,418

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $7,246,661 · end of year $4,784,286

  • 2 · Savings and temporary cash investments

    beginning of year $3,677,669 · end of year $8,292,290

  • 3 · Pledges and grants receivable

    beginning of year $2,882,806 · end of year $11,947,539

  • 4 · Accounts receivable

    beginning of year $1,493,533 · end of year $1,536,162

  • 7 · Other notes and loans receivable

    beginning of year $5,571,255 · end of year $5,174,365

  • 9 · Prepaid expenses and deferred charges

    beginning of year $466,939 · end of year $557,191

  • 10a · Land, buildings and equipment: cost or other basis

    $306,265,598

  • 10b · Land, buildings and equipment: accumulated depreciation

    $143,017,994

  • 10c · Land, buildings and equipment, net

    beginning of year $152,434,662 · end of year $163,247,604

  • 11 · Investments: publicly traded securities

    beginning of year $118,628,938 · end of year $127,899,765

  • 12 · Investments: other securities

    beginning of year $126,811,184 · end of year $109,805,566

  • 15 · Other assets

    beginning of year $17,095,985 · end of year $16,589,614

  • 17 · Accounts payable and accrued expenses

    beginning of year $11,736,366 · end of year $7,485,196

  • 19 · Deferred revenue

    beginning of year $6,576,600 · end of year $6,821,146

  • 20 · Tax-exempt bond liabilities

    beginning of year $64,971,392 · end of year $63,493,866

  • 24 · Unsecured notes and loans payable

    beginning of year $3,350,458 · end of year $7,025,638

  • 25 · Other liabilities

    beginning of year $21,540,991 · end of year $20,315,007

  • 27 · Net assets without donor restrictions

    beginning of year $150,827,838 · end of year $175,659,796

  • 28 · Net assets with donor restrictions

    beginning of year $177,305,987 · end of year $169,033,733

Mission and programs · 2024

Mission

THE UNIVERSITY STRIVES TO ATTAIN THE IDEAL OF A LIBERAL ARTS EDUCATION WHILE PROVIDING UNIQUE OPPORTUNITIES WITH ITS DISTINCTIVE CURRICULA AND PROGRAMS. A LIBERAL ARTS EDUCATION FOSTERS CREATIVITY, CRITICAL THINKING, EFFECTIVE COMMUNICATION, STRENGTH OF CHARACTER AND A SPIRIT OF INQUIRY; IT DEEPENS THE SPECIALIZED KNOWLEDGE OF A DISCIPLINE WITH A COMPREHENSIVE WORLD VIEW.

  • ILLINOIS WESLEYAN UNIVERSITY PROVIDES A RICH LEARNING ENVIRONMENT FOR APPROXIMATELY 1,600 UNDERGRADUATE STUDENTS WITH EXTENSIVE PERSONAL ATTENTION. THE EXPERIENTIAL LEARNING MODEL FOSTERS CREATIVITY, CRITICAL THINKING, EFFECTIVE COMMUNICATION, STRENGTH OF CHARACTER AND A SPIRIT OF INQUIRY. THE INSTITUTION SERVES STUDENTS PURSING BACCALAUREATE DEGREES IN THE LIBERAL ARTS, FINE ARTS AND PROFESSIONAL PROGRAMS AS WELL AS INTERDISCIPLINARY STUDY AND OFF CAMPUS LEARNING. SPECIFIC DISCIPLINES OF EMPHASIS INCLUDE BIOLOGY, NURSING, ACCOUNTING, BUSINESS, THEATER AND MUSIC. THE UNIVERSITY OFFERS A ROBUST STUDENT LIFE AND RESIDENTIAL EXPERIENCE TO CREATE AN INCLUSIVE COMMUNITY FOR STUDENTS.

    Expenses $75,985,509 · Revenue $52,208,366

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • TIMOTHY SZERLONG

    CHAIR

    Total calculated
    $0
    Hours/week
    2

  • JOHN DICKENS

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    2

  • THOMAS LAWRENCE

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    2

  • EDWARD RUST JR

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    2

  • ROBERT ZIMMERMANN

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • HERBERT GETZ

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • ROD ADAMS

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • RICHARD AMES

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • PHYLLIS BARKER

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • FRANK BEARD

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • DIRK BEHRENDS

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • ERIC BIEBER

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • MICHAEL CLARK

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • MARK DENZLER

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • STEVEN DUDASH

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • ANN MARQUIS FISHER

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • RONALD GREENE

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • DEON HORNSBY

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • JOHN HORTON

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • NANCY HUTSON

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • MARK ISRAEL

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • JIM JOSLIN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • COLLEEN KANNADAY

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • DANIELLE KAYS

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • KATHY LAREY LEWTON

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • THOMAS MCKINNEY

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • LEAH MERRIFIELD

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • SUNDEEP MULLANGI

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • THOMAS NEIS

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • LAURA RANDOLPH

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • MARTINA SCANLAN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • COREY SCHIELER

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • ANDY SHIRK

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • KIMBERLY STERLING

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • MARC TALLUTO

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • DERRICK TILLMAN-KELLY

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • STEVEN WANNEMACHER

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • STEPHANIE WHYTE

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • JOSH YOUNT

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • SHEAHON ZENGER

    PRESIDENT

    Total calculated
    $251,432
    From this org
    $212,500
    From related orgs
    $0
    Other
    $38,932
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $212,500
    Bonus
    $0
    Other
    $0
    Deferred
    $12,750
    Nontaxable benefits
    $26,182
    Filer's total
    $251,432

  • DAVID MARVIN

    INTERIM PROVOST

    Total calculated
    $216,068
    From this org
    $176,752
    From related orgs
    $0
    Other
    $39,316
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $176,752
    Bonus
    $0
    Other
    $0
    Deferred
    $10,593
    Nontaxable benefits
    $28,723
    Filer's total
    $216,068

  • LEANN HUGHES

    VP ENROLLMENT & MARKETING

    Total calculated
    $239,342
    From this org
    $190,000
    From related orgs
    $0
    Other
    $49,342
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $190,000
    Bonus
    $0
    Other
    $0
    Deferred
    $11,400
    Nontaxable benefits
    $37,942
    Filer's total
    $239,342

  • AMBER KUJATH

    PROFESSOR DIRECTOR OF NURSING

    Total calculated
    $205,168
    From this org
    $160,000
    From related orgs
    $0
    Other
    $45,168
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $160,000
    Bonus
    $0
    Other
    $0
    Deferred
    $9,600
    Nontaxable benefits
    $35,568
    Filer's total
    $205,168

  • KARLA CARNEY-HALL

    VP STUDENT AFFAIRS

    Total calculated
    $193,387
    From this org
    $160,391
    From related orgs
    $0
    Other
    $32,996
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $160,391
    Bonus
    $0
    Other
    $0
    Deferred
    $9,624
    Nontaxable benefits
    $23,372
    Filer's total
    $193,387

  • BRYAN MCCANNON

    DEAN OF SCHOOL OF BUSINESS & ECONOMICS

    Total calculated
    $200,661
    From this org
    $175,975
    From related orgs
    $0
    Other
    $24,686
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $175,975
    Bonus
    $0
    Other
    $0
    Deferred
    $10,080
    Nontaxable benefits
    $14,606
    Filer's total
    $200,661

  • MARK BRODL

    BIOLOGY PROFESSOR

    Total calculated
    $239,737
    From this org
    $198,112
    From related orgs
    $0
    Other
    $41,625
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $198,112
    Bonus
    $0
    Other
    $0
    Deferred
    $11,887
    Nontaxable benefits
    $29,738
    Filer's total
    $239,737

  • STEVEN SEIBRING

    VP EXTERNAL RELATIONSHIPS

    Total calculated
    $244,550
    From this org
    $208,100
    From related orgs
    $0
    Other
    $36,450
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $208,100
    Bonus
    $0
    Other
    $0
    Deferred
    $12,486
    Nontaxable benefits
    $23,964
    Filer's total
    $244,550

  • JOHN QUARTON

    DIRECTOR PETRICK IDEA CENTER

    Total calculated
    $213,322
    From this org
    $173,400
    From related orgs
    $0
    Other
    $39,922
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $173,400
    Bonus
    $0
    Other
    $0
    Deferred
    $10,404
    Nontaxable benefits
    $29,518
    Filer's total
    $213,322

  • MICHAEL WAGNER

    ATHLETIC DIRECTOR

    Total calculated
    $159,244
    From this org
    $128,031
    From related orgs
    $0
    Other
    $31,213
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $128,031
    Bonus
    $0
    Other
    $0
    Deferred
    $7,682
    Nontaxable benefits
    $23,531
    Filer's total
    $159,244

  • DAKESA PINA

    VP OF STUDENT RETENTION

    Total calculated
    $174,599
    From this org
    $134,100
    From related orgs
    $0
    Other
    $40,499
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $134,100
    Bonus
    $0
    Other
    $0
    Deferred
    $7,800
    Nontaxable benefits
    $32,699
    Filer's total
    $174,599

  • S GEORGIA NUGENT

    FORMER OFFICER

    Total calculated
    $336,577
    From this org
    $297,917
    From related orgs
    $0
    Other
    $38,660
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $297,917
    Bonus
    $0
    Other
    $0
    Deferred
    $14,875
    Nontaxable benefits
    $23,785
    Filer's total
    $336,577

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 · First-class or charter travel
  • 1a · Discretionary spending account
  • 1a · Housing allowance or residence for personal use
  • 1a · Health or social club dues or initiation fees
  • 1a · Personal services (maid, chauffeur, chef)
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Independent compensation consultant
  • 3 · Form 990 of other organizations
  • 3 · Written employment contract
  • 3 · Approval by the board or compensation committee

Answered no

  • 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)

PART I, LINE 1A
HOUSING ALLOWANCE OR RESIDENCE FOR PERSONAL USE - THE PRESIDENT IS PROVIDED A RESIDENCE ON CAMPUS AND IS REQUIRED TO LIVE IN THIS RESIDENCE PER EMPLOYMENT CONTRACT. THIS RESIDENCE IS USED TO HOST SEVERAL UNIVERSITY SPONSORED FUNCTIONS THROUGHOUT THE YEAR. HEALTH OR SOCIAL CLUB DUES OR INITIATION FEES - COUNTRY CLUB DUES ARE REIMBURSED FOR THE PRESIDENT AND VICE PRESIDENT OF ADVANCEMENT. MEMBERSHIP IN THE COUNTRY CLUB IS A CONDITION OF EMPLOYMENT AND IS DEEMED CRITICAL FOR FUNDRAISING AND COMMUNITY SUPPORT.

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.

Provenance

Return type
form_990
Tax year
2024
Filed
15 June 2026
IRS schema version
2024v5.5
Source object
202621669349301542

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