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Nonprofiteer
← WGU ACADEMY

Form 990 for tax year 2022

Filed by WGU ACADEMY.

Totals

Total revenue
$17,310,646
Total expenses
$17,310,646
Contributions and grants received
$11,122,559
Grants paid
$316,748
Program service revenue
$6,189,778
Investment income
-$1,691
Other revenue
$0
Total assets, end of year
$1,570,757
Total liabilities, end of year
$1,249,725
Net assets or fund balances, end of year
$321,032
Program services expenses (Part IX)
$13,747,517
Management and general expenses
$3,360,652
Fundraising expenses
$202,477
Program service expenses (Part III)
$13,747,517

Program services were 79.4% 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.

  • 1d · Related organizations

    $11,011,316

  • 1f · All other contributions, gifts and grants

    $111,243

  • 2a · Program service revenue: GROSS PROGRAM TUITION AND FEES - WGU ACADEMY

    total $4,283,578 · related or exempt $4,283,578

  • 2b · Program service revenue: SERVICE FEES FROM WGU

    total $1,906,200 · related or exempt $1,906,200

  • 3 · Investment income

    total $0

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0

  • 5 · Royalties

    total $0

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 6d · Net rental income or loss

    total $0

  • 7a · Gross sales of assets other than inventory

    other assets $5,721

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

    other assets $7,412

  • 7c · Gain or loss

    other assets -$1,691

  • 7d · Net gain or loss

    total -$1,691 · excluded -$1,691

  • 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 $316,748 · program services $316,748

  • 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 $534,708 · program services $160,412 · management and general $267,354 · fundraising $106,942

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $6,352,615 · program services $5,354,084 · management and general $937,705 · fundraising $60,826

  • 8 · Pension plan contributions

    total $312,406 · program services $261,376 · management and general $47,364 · fundraising $3,666

  • 9 · Other employee benefits

    total $1,168,857 · program services $985,027 · management and general $172,602 · fundraising $11,228

  • 10 · Payroll taxes

    total $467,223 · program services $394,402 · management and general $68,564 · fundraising $4,257

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $239,662 · management and general $239,662

  • 11c · Fees: accounting

    total $358,442 · management and general $358,442

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $0

  • 11g · Fees: other

    total $5,608,429 · program services $4,610,523 · management and general $995,776 · fundraising $2,130

  • 12 · Advertising and promotion

    total $183,864 · program services $183,864

  • 13 · Office expenses

    total $218,161 · program services $186,563 · management and general $29,463 · fundraising $2,135

  • 14 · Information technology

    total $1,083,237 · program services $893,479 · management and general $180,795 · fundraising $8,963

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $0

  • 17 · Travel

    total $248,813 · program services $214,030 · management and general $34,783

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $14,016 · program services $13,380 · management and general $565 · fundraising $71

  • 20 · Interest

    total $0

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $185,899 · program services $159,318 · management and general $24,684 · fundraising $1,897

  • 23 · Insurance

    total $17,116 · program services $13,861 · management and general $2,893 · fundraising $362

  • 24a · Other expenses: BAD DEBT EXPENSES

    total $450 · program services $450

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $0 · end of year $0

  • 2 · Savings and temporary cash investments

    beginning of year $70,936 · end of year $0

  • 3 · Pledges and grants receivable

    beginning of year $0 · end of year $0

  • 4 · Accounts receivable

    beginning of year $314,549 · end of year $127,227

  • 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 $0 · end of year $431,181

  • 8 · Inventories for sale or use

    beginning of year $0 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $206,995 · end of year $105,774

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

    $1,037,077

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

    $186,974

  • 10c · Land, buildings and equipment, net

    beginning of year $62,382 · end of year $850,103

  • 11 · Investments: publicly traded securities

    beginning of year $0 · end of year $56,472

  • 12 · Investments: other securities

    beginning of year $0 · end of year $0

  • 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 $902,132 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,049,386 · end of year $907,799

  • 18 · Grants payable

    beginning of year $0 · end of year $0

  • 19 · Deferred revenue

    beginning of year $186,576 · end of year $341,926

  • 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 $0 · end of year $0

  • 24 · Unsecured notes and loans payable

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $0 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $321,032 · end of year $321,032

  • 28 · Net assets with donor restrictions

    beginning of year $0 · end of year $0

Mission and programs · 2022

Mission

SUPPORT THE EDUCATIONAL AND CHARITABLE PURPOSES OF EDUCATIONAL ENTITIES BY ENGAGING IN RESEARCH AND DEVELOPMENT AND OFFERING PROGRAMS AND COURSES TO IMPROVE READINESS FOR AND SUCCESS IN POSTSECONDARY EDUCATION.

Activities or mission (Part I)

SCHEDULE O

  • WGU Academy (Academy) began operations as a separate company in January 2021. During FY23, Academy launched its own proprietary platform for delivering individual courses and course bundles, and has developed seven of its own courses as onramps to credential programs at WGU and elsewhere. These courses provide students with skills and confidence that results in improved persistence and graduation rates in degree programs at WGU, increasing a student's return on investment. Academy continues to offer its college readiness program to underserved populations through multiple community and employer partnerships. Academy served over 9,000 students during FY23.

    Expenses $13,747,517 · Grants $316,748 · Revenue $6,189,778

As filed on the 2022 return.

Listed in Part VII

  • Scott Pulsipher

    Director

    Total calculated
    $1,976,036
    From this org
    $0
    From related orgs
    $1,917,916
    Other
    $58,120
    Hours/week
    1 + 46 related

    Schedule J breakdown matched by us

    Base
    $0 + $753,461 related
    Bonus
    $0 + $552,500 related
    Other
    $0 + $611,955 related
    Deferred
    $0 + $27,000 related
    Nontaxable benefits
    $0 + $31,120 related
    Filer's total
    $0 + $1,976,036 related

  • Chris Lee

    President

    Total calculated
    $426,225
    From this org
    $369,144
    From related orgs
    $0
    Other
    $57,081
    Hours/week
    41

    Schedule J breakdown matched by us

    Base
    $299,984
    Bonus
    $69,160
    Other
    $0
    Deferred
    $27,000
    Nontaxable benefits
    $30,081
    Filer's total
    $426,225

  • Curt Defriez

    Treasurer

    Total calculated
    $297,641
    From this org
    $0
    From related orgs
    $240,361
    Other
    $57,280
    Hours/week
    2 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $208,678 related
    Bonus
    $0 + $31,683 related
    Other
    $0
    Deferred
    $0 + $26,000 related
    Nontaxable benefits
    $0 + $31,280 related
    Filer's total
    $0 + $297,641 related

  • Mark Shaffer UNTIL 12222

    Secretary

    Total calculated
    $235,343
    From this org
    $0
    From related orgs
    $197,973
    Other
    $37,370
    Hours/week
    2 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $195,420 related
    Bonus
    $0 + $2,553 related
    Other
    $0
    Deferred
    $0 + $6,166 related
    Nontaxable benefits
    $0 + $31,204 related
    Filer's total
    $0 + $235,343 related

  • Chelsea Barnett

    Sr. Director, P & P Innovation

    Total calculated
    $186,523
    From this org
    $155,514
    From related orgs
    $0
    Other
    $31,009
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $145,514
    Bonus
    $10,000
    Other
    $0
    Deferred
    $11,673
    Nontaxable benefits
    $19,336
    Filer's total
    $186,523

  • Reshma Gouravajhala

    Manager, Advanced Analytics

    Total calculated
    $149,631
    From this org
    $126,981
    From related orgs
    $0
    Other
    $22,650
    Hours/week
    40

  • Jimmy Chu

    Manager, Software Engineer

    Total calculated
    $140,374
    From this org
    $105,406
    From related orgs
    $0
    Other
    $34,968
    Hours/week
    40

  • Juliane Kettering

    Sr. Manager, Marketing

    Total calculated
    $133,240
    From this org
    $101,508
    From related orgs
    $0
    Other
    $31,732
    Hours/week
    40

  • Bonnie Budd

    Sr. Manager, Design & Dev.

    Total calculated
    $114,210
    From this org
    $114,210
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Tammy Johns

    Director (Chair)

    Total calculated
    $0
    Hours/week
    1 + 2 related

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

  • 3 · Independent compensation consultant
  • 3 · Compensation survey or study
  • 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

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.

Provenance

Return type
form_990
Tax year
2022
Filed
6 May 2024
IRS schema version
2022v5.0
Source object
202441349349305224

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