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Nonprofiteer
← WESLEYAN COLLEGE

Form 990 for tax year 2024

Filed by WESLEYAN COLLEGE.

Totals

Total revenue
$29,863,884
Total expenses
$30,953,599
Contributions and grants received
$9,877,953
Grants paid
$6,656,614
Program service revenue
$14,209,499
Investment income
$1,348,678
Other revenue
$4,427,754
Total assets, end of year
$103,455,773
Total liabilities, end of year
$11,508,502
Net assets or fund balances, end of year
$91,947,271
Program services expenses (Part IX)
$24,293,437
Management and general expenses
$5,452,526
Fundraising expenses
$1,207,636
Program service expenses (Part III)
$24,293,437

Program services were 78.5% 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)

    $971,562

  • 1f · All other contributions, gifts and grants

    $8,906,391

  • 1g · Noncash contributions included above

    $683,494

  • 2a · Program service revenue: TUITION & FEES

    total $10,417,732 · related or exempt $10,417,732

  • 2b · Program service revenue: AUXILIARY ENTERPRISES

    total $3,408,698 · related or exempt $3,408,698

  • 2c · Program service revenue: CONTRACT AND OTHER SERVICES

    total $277,255 · related or exempt $277,255

  • 2d · Program service revenue: RENTAL PROPERTY

    total $105,814 · excluded $105,814

  • 3 · Investment income

    total $1,348,678 · excluded $1,348,678

  • 11a · Other revenue: REAL & UNREAL GAIN (LOSS)

    total $4,410,020 · excluded $4,410,020

  • 11b · Other revenue: FITNESS CENTER

    total $17,734 · unrelated business $17,734

  • 11e · Other revenue, total

    $4,427,754

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $6,656,614 · program services $6,656,614

  • 5 · Compensation of officers, directors and key employees

    total $1,227,287 · program services $837,145 · management and general $329,558 · fundraising $60,584

  • 7 · Other salaries and wages

    total $8,748,659 · program services $6,727,655 · management and general $1,327,629 · fundraising $693,375

  • 8 · Pension plan contributions

    total $290,991 · program services $232,793 · management and general $40,739 · fundraising $17,459

  • 9 · Other employee benefits

    total $1,900,949 · program services $1,018,211 · management and general $637,233 · fundraising $245,505

  • 11b · Fees: legal

    total $105,303 · management and general $105,303

  • 11c · Fees: accounting

    total $109,813 · management and general $109,813

  • 11f · Fees: investment management

    total $248,257 · management and general $248,257

  • 20 · Interest

    total $413,785 · program services $413,785

  • 22 · Depreciation, depletion and amortization

    total $1,719,037 · program services $1,719,037

  • 24a · Other expenses: INTERDEPARTMENTAL CHARGES

    total $2,839,142 · program services $2,839,142

  • 24b · Other expenses: UTILITIES

    total $1,073,776 · program services $536,888 · management and general $536,888

  • 24c · Other expenses: CONTRACTS AND FOOD SERVIC

    total $998,945 · program services $998,945

  • 24d · Other expenses: CONTRACT SERVICES

    total $859,590 · program services $381,338 · management and general $478,252

  • 24e · All other expenses

    total $3,761,451 · program services $1,931,884 · management and general $1,638,854 · fundraising $190,713

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,108,084 · end of year $557,243

  • 3 · Pledges and grants receivable

    beginning of year $3,029,297 · end of year $3,998,457

  • 4 · Accounts receivable

    beginning of year $936,829 · end of year $819,770

  • 7 · Other notes and loans receivable

    beginning of year $172,842 · end of year $143,774

  • 9 · Prepaid expenses and deferred charges

    beginning of year $192,445 · end of year $141,982

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

    $83,028,779

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

    $45,168,345

  • 10c · Land, buildings and equipment, net

    beginning of year $35,338,389 · end of year $37,860,434

  • 11 · Investments: publicly traded securities

    beginning of year $45,276,043 · end of year $42,722,730

  • 12 · Investments: other securities

    beginning of year $12,861,577 · end of year $12,816,895

  • 15 · Other assets

    beginning of year $6,717,256 · end of year $4,394,488

  • 17 · Accounts payable and accrued expenses

    beginning of year $796,343 · end of year $627,430

  • 19 · Deferred revenue

    beginning of year $970,657 · end of year $738,473

  • 23 · Secured mortgages and notes payable

    beginning of year $9,806,462 · end of year $8,942,442

  • 25 · Other liabilities

    beginning of year $1,022,314 · end of year $1,200,157

  • 27 · Net assets without donor restrictions

    beginning of year $30,573,446 · end of year $26,392,098

  • 28 · Net assets with donor restrictions

    beginning of year $62,463,540 · end of year $65,555,173

Mission and programs · 2024

Mission

EDUCATIONAL INSTITUTION

  • ENROLLMENT OF STUDENTS FOR SUMMER AND FALL SEMESTER 2024 AND SPRING SEMESTER 2025.

    Expenses $24,293,437 · Grants $6,656,614 · Revenue $14,209,499

As filed on the 2024 return.

Listed in Part VII

  • See Attached List Of Trustees

    TRUSTEE

    Total calculated
    $0

  • Meaghan Blight

    PRESIDENT

    Total calculated
    $436,535
    From this org
    $409,041
    From related orgs
    $0
    Other
    $27,494
    Hours/week
    38

    Schedule J breakdown matched by us

    Base
    $409,041
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    $27,494
    Filer's total
    $436,535

  • Drew Davidson

    VP-ENR & MAR

    Total calculated
    $183,651
    From this org
    $164,721
    From related orgs
    $0
    Other
    $18,930
    Hours/week
    38

    Schedule J breakdown matched by us

    Base
    $164,721
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    $18,930
    Filer's total
    $183,651

  • Timothy Klocko

    CFO

    Total calculated
    $183,371
    From this org
    $165,792
    From related orgs
    $0
    Other
    $17,579
    Hours/week
    38

    Schedule J breakdown matched by us

    Base
    $165,792
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    $17,579
    Filer's total
    $183,371

  • Sarah McCarthy

    VP OF ADVANC

    Total calculated
    $160,266
    From this org
    $142,687
    From related orgs
    $0
    Other
    $17,579
    Hours/week
    38

    Schedule J breakdown matched by us

    Base
    $142,687
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    $17,579
    Filer's total
    $160,266

  • Melody A Blake

    PROVOST AND

    Total calculated
    $139,485
    From this org
    $139,485
    From related orgs
    $0
    Other
    $0
    Hours/week
    38

  • Carrie Ingoldsby

    VP OF SA AND

    Total calculated
    $123,979
    From this org
    $114,964
    From related orgs
    $0
    Other
    $9,015
    Hours/week
    38

  • Sirena Sawyer Fritz

    ASSOCIATE PR

    Total calculated
    $114,720
    From this org
    $105,581
    From related orgs
    $0
    Other
    $9,139
    Hours/week
    38

  • Virgina Wilcox

    PROF OF EDUC

    Total calculated
    $101,406
    From this org
    $101,406
    From related orgs
    $0
    Other
    $0
    Hours/week
    38

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
  • 1a · Health or social club dues or initiation fees
  • 1b · Written policy on the line-1a expenses
  • 3 · Compensation committee
  • 3 · Written employment contract
  • 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

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.

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.

  • HISTORIC PORTER HOUSE MANAGER LLC

    MANAGE HPH · GA

Provenance

Return type
form_990
Tax year
2024
Filed
13 May 2026
IRS schema version
2024v5.0
Source object
202611359349301911

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