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Nonprofiteer
← BALDWIN WALLACE UNIVERSITY

Form 990 for tax year 2022

Filed by BALDWIN WALLACE UNIVERSITY.

Totals

Total revenue
$146,968,314
Total expenses
$163,225,470
Contributions and grants received
$12,123,633
Grants paid
$54,960,926
Program service revenue
$114,346,319
Investment income
$13,553,826
Other revenue
$6,944,536
Total assets, end of year
$365,225,940
Total liabilities, end of year
$58,105,978
Net assets or fund balances, end of year
$307,119,962
Program services expenses (Part IX)
$145,652,732
Management and general expenses
$15,022,201
Fundraising expenses
$2,550,537
Program service expenses (Part III)
$145,652,732

Program services were 89.2% 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)

    $1,868,422

  • 1f · All other contributions, gifts and grants

    $10,255,211

  • 1g · Noncash contributions included above

    $324,696

  • 2a · Program service revenue: TUITION AND FEES

    total $103,795,652 · related or exempt $103,795,652

  • 2b · Program service revenue: STUDENT RESIDENCE HALLS

    total $8,503,762 · related or exempt $8,503,762

  • 2c · Program service revenue: SPONSORED PROG & RES

    total $1,952,543 · related or exempt $1,952,543

  • 2d · Program service revenue: CONCERT & THEATRE TICKET

    total $60,148 · related or exempt $60,148

  • 2e · Program service revenue: ATHLETIC TICKETS

    total $34,214 · related or exempt $34,214

  • 3 · Investment income

    total $587,069 · unrelated business -$105,550 · excluded $692,619

  • 6a · Gross rents

    real property $101,598

  • 6b · Less rental expenses

    real property $25,321

  • 6c · Rental income or loss

    real property $76,277

  • 6d · Net rental income or loss

    total $76,277 · excluded $76,277

  • 7a · Gross sales of assets other than inventory

    securities $68,592,665 · other assets $2,644,064

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

    securities $58,269,972 · other assets $0

  • 7c · Gain or loss

    securities $10,322,693 · other assets $2,644,064

  • 7d · Net gain or loss

    total $12,966,757 · excluded $12,966,757

  • 10a · Gross sales of inventory

    $9,762,941

  • 10b · Cost of goods sold

    $3,817,217

  • 10c · Net income from sales of inventory

    total $5,945,724 · unrelated business $21,443 · excluded $5,924,281

  • 11a · Other revenue: LAUNDRY VENDING

    total $115,336 · excluded $115,336

  • 11b · Other revenue: FACILITIES USE

    total $43,025 · excluded $43,025

  • 11c · Other revenue: STUDENT/EMPLOYEE PARKING

    total $30,600 · excluded $30,600

  • 11d · All other revenue

    total $733,574 · excluded $733,574

  • 11e · Other revenue, total

    $922,535

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $54,960,926 · program services $54,960,926

  • 5 · Compensation of officers, directors and key employees

    total $1,862,068 · program services $249,674 · management and general $1,340,594 · fundraising $271,800

  • 7 · Other salaries and wages

    total $51,668,267 · program services $47,232,476 · management and general $3,346,710 · fundraising $1,089,081

  • 8 · Pension plan contributions

    total $2,200,015 · program services $1,850,058 · management and general $285,146 · fundraising $64,811

  • 9 · Other employee benefits

    total $11,687,294 · program services $9,899,874 · management and general $1,456,393 · fundraising $331,027

  • 10 · Payroll taxes

    total $3,386,473 · program services $2,776,103 · management and general $497,331 · fundraising $113,039

  • 11b · Fees: legal

    total $174,717 · management and general $174,717

  • 11c · Fees: accounting

    total $150,000 · management and general $150,000

  • 11f · Fees: investment management

    total $224,959 · management and general $224,959

  • 11g · Fees: other

    total $955,076 · program services $534,007 · management and general $415,069 · fundraising $6,000

  • 12 · Advertising and promotion

    total $852,797 · management and general $852,797

  • 13 · Office expenses

    total $1,355,431 · program services $1,098,191 · management and general $178,844 · fundraising $78,396

  • 14 · Information technology

    total $2,246,670 · program services $1,245,927 · management and general $960,041 · fundraising $40,702

  • 15 · Royalties

    total $12,764 · program services $12,764

  • 16 · Occupancy

    total $9,747,628 · program services $9,288,515 · management and general $367,290 · fundraising $91,823

  • 17 · Travel

    total $1,648,602 · program services $1,464,077 · management and general $91,390 · fundraising $93,135

  • 19 · Conferences, conventions and meetings

    total $258,372 · program services $231,770 · management and general $21,460 · fundraising $5,142

  • 20 · Interest

    total $2,013,875 · management and general $2,013,875

  • 22 · Depreciation, depletion and amortization

    total $11,210,569 · program services $10,718,753 · management and general $393,453 · fundraising $98,363

  • 23 · Insurance

    total $849,195 · program services $205,406 · management and general $643,789

  • 24a · Other expenses: OTHER EXPENSES

    total $3,508,802 · program services $2,498,199 · management and general $993,037 · fundraising $17,566

  • 24b · Other expenses: STUD LIFE & ALUMNI EVEN

    total $996,110 · program services $408,809 · management and general $352,372 · fundraising $234,929

  • 24c · Other expenses: MEMBERSHIPS

    total $801,100 · program services $523,443 · management and general $262,934 · fundraising $14,723

  • 24d · Other expenses: OFF-CAMPUS TUITION

    total $453,760 · program services $453,760

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,399,754 · end of year $508,636

  • 2 · Savings and temporary cash investments

    beginning of year $3,674,026 · end of year $12,009,067

  • 3 · Pledges and grants receivable

    beginning of year $5,190,774 · end of year $3,592,544

  • 4 · Accounts receivable

    beginning of year $3,212,612 · end of year $3,890,974

  • 8 · Inventories for sale or use

    beginning of year $1,663,121 · end of year $1,791,279

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,340,618 · end of year $1,167,102

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

    $319,737,503

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

    $163,188,485

  • 10c · Land, buildings and equipment, net

    beginning of year $165,998,380 · end of year $156,549,018

  • 11 · Investments: publicly traded securities

    beginning of year $135,059,972 · end of year $129,193,561

  • 12 · Investments: other securities

    beginning of year $25,902,631 · end of year $25,153,065

  • 13 · Investments: program-related

    beginning of year $2,148,418 · end of year $10,892,670

  • 15 · Other assets

    beginning of year $20,011,563 · end of year $20,478,024

  • 17 · Accounts payable and accrued expenses

    beginning of year $7,322,798 · end of year $7,003,314

  • 19 · Deferred revenue

    beginning of year $2,217,288 · end of year $1,746,780

  • 20 · Tax-exempt bond liabilities

    beginning of year $7,785,000 · end of year $16,560,000

  • 24 · Unsecured notes and loans payable

    beginning of year $21,651,027 · end of year $26,096,947

  • 25 · Other liabilities

    beginning of year $9,433,267 · end of year $6,698,937

  • 27 · Net assets without donor restrictions

    beginning of year $112,565,124 · end of year $99,828,603

  • 28 · Net assets with donor restrictions

    beginning of year $204,627,365 · end of year $207,291,359

Mission and programs · 2022

Mission

SEE SCHEDULE OBALDWIN WALLACE UNIVERSITY IS AN ACADEMIC COMMUNITY COMMITTED TO THE LIBERAL ARTS AND SCIENCES AS THE FOUNDATION FOR LIFELONG LEARNING. THE UNIVERSITY FULFILLS THIS MISSION THROUGH A RIGOROUS ACADEMIC PROGRAM THAT IS CHARACTERIZED BY EXCELLENCE IN TEACHING AND LEARNING. IT MAINTAINS A CHALLENGING, SUPPORTIVE ENVIRONMENT THAT ENHANCES STUDENTS' INTELLECTUAL AND SPIRITUAL GROWTH. BALDWIN WALLACE ASSISTS STUDENTS IN THEIR PREPARATION TO BECOME CONTRIBUTING, COMPASSIONATE CITIZENS OF AN INCREASINGLY GLOBAL SOCIETY AND ENCOURAGES THEIR PURSUIT OF PERSONAL AND PROFESSIONAL EXCELLENCE.

Activities or mission (Part I)

BALDWIN WALLACE UNIVERSITY PROVIDES UNDERGRADUATE HIGHER EDUCATION LEADING TO (SEE SCHEDULE O) THE BACHELOR DEGREE, AND GRADUATE EDUCATION AT THE MASTERS LEVEL IN SIX FIELDS.

  • EDUCATION OF 2,636 FULL-TIME UNDERGRADUATE STUDENTS, 112 PART-TIME UNDERGRADUATES, AND 482 GRADUATE STUDENTS, PLUS CERTIFICATE PROGRAMS AND FACULTY SCHOLARLY RESEARCH. UNDERGRADUATE DEGREES OFFERED ARE THE BACHELOR OF ARTS, BACHELOR OF FINE ARTS, BACHELOR OF SCIENCE, BACHELOR OF SCIENCE IN EDUCATION, BACHELOR OF MUSIC, BACHELOR OF MUSIC EDUCATION, AND BACHELOR OF SCIENCE IN NURSING. THE GRADUATE PROGRAMS LEAD TO THE DEGREES OF MASTER OF ACCOUNTANCY, MASTER OF ARTS IN EDUCATION, MASTER OF BUSINESS ADMINISTRATION, MASTER OF MEDICAL SCIENCE (PHYSICIAN ASSISTANT), MASTER OF PUBLIC HEALTH, AND MASTER OF SCIENCE (SPEECH LANGUAGE PATHOLOGY AND EXERCISE PHYSIOLOGY).

    Expenses $66,518,164 · Revenue $105,808,343

  • MERIT SCHOLARSHIPS AND NEED-BASED FINANCIAL AID GRANTS TO STUDENTS ACTIVELY ENROLLED IN THE UNIVERSITY.

    Expenses $54,960,926 · Grants $54,960,926

  • AUXILIARY SERVICES AND ACTIVITIES FOR STUDENTS, INCLUDING RESIDENCE HALLS HOUSING 1,327 FULL-TIME STUDENTS, DINING HALLS, BOOKSTORE, ATHLETICS, STUDENT UNION, RECREATION CENTER, AND HEALTH CENTER.

    Expenses $24,173,642 · Revenue $8,537,976

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Robert C Helmer

    PRESIDENT

    Total calculated
    $523,530
    From this org
    $447,636
    From related orgs
    $0
    Other
    $75,894
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $440,436
    Bonus
    $0
    Other
    $7,200
    Deferred
    $25,313
    Nontaxable benefits
    $50,581
    Filer's total
    $523,530
  • William M Reniff

    V.P. FOR FINANCE & TREASURER

    Total calculated
    $223,960
    From this org
    $191,508
    From related orgs
    $0
    Other
    $32,452
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $191,508
    Bonus
    $0
    Other
    $0
    Deferred
    $11,351
    Nontaxable benefits
    $21,101
    Filer's total
    $223,960
  • Lee Thomas

    CHAIR

    Total calculated
    $0
    Hours/week
    5
  • Vincent K Petrella

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    5
  • Michelle Moscarino

    SECRETARY

    Total calculated
    $0
    Hours/week
    5
  • Gabrielle Aryeetey

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2
  • Stanley Ball

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2
  • Duane Bishop

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2
  • Susan Bixler

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2
  • Donald W Bogus

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2
  • Paul H Carleton

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2
  • Paul G Clark

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2
  • Pamela Dunn Connolly

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2
  • Robin C Cottingham

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2
  • Tim Cowen

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2
  • Ryan R Cross

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2
  • James Miller Davidson

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2
  • Richard Desich

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2
  • Agnes P Dover

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2
  • Lutul D Farrow

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2
  • Bannett Gaines

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2
  • Daniel C Hagen

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2
  • John W Hoyt

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2
  • David Jenkins

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2
  • John W Kropf

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2
  • Debra Lyons

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2
  • Nora Mahoney

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2
  • David F Martin

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2
  • Wade I Massad

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2
  • Joe Matuszewski

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2
  • John Micklitsch

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2
  • Edward Napoleon Jr

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2
  • Peter V Neffenger

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2
  • Charles E Rotuno

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2
  • Malisse Sinito

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2
  • Brooke Sirak

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2
  • Kris Smeage

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2
  • Mark H Summers

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2
  • William B Summers Jr

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2
  • Floyd A Trouten

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2
  • Susan L Zanetti

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2
  • Christopher M Zito

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2
  • Stephen D Stahl

    PROVOST

    Total calculated
    $250,605
    From this org
    $196,942
    From related orgs
    $0
    Other
    $53,663
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $196,942
    Bonus
    $0
    Other
    $0
    Deferred
    $12,227
    Nontaxable benefits
    $41,436
    Filer's total
    $250,605
  • Timeka Rashid

    V.P FOR STUDENT AFFAIRS

    Total calculated
    $231,460
    From this org
    $189,072
    From related orgs
    $0
    Other
    $42,388
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $189,072
    Bonus
    $0
    Other
    $0
    Deferred
    $11,082
    Nontaxable benefits
    $31,306
    Filer's total
    $231,460
  • Patrick J Dunlavy

    V.P. FOR PHILANTHROPY (THRU 05/2022)

    Total calculated
    $211,345
    From this org
    $199,450
    From related orgs
    $0
    Other
    $11,895
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $115,157
    Bonus
    $0
    Other
    $84,293
    Deferred
    $11,895
    Nontaxable benefits
    $0
    Filer's total
    $211,345
  • Scott Schulz

    V.P. FOR ENROLLMENT MNGMT

    Total calculated
    $216,382
    From this org
    $204,271
    From related orgs
    $0
    Other
    $12,111
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $204,271
    Bonus
    $0
    Other
    $0
    Deferred
    $11,995
    Nontaxable benefits
    $116
    Filer's total
    $216,382
  • Ellen Zegarra - Asst Vpvp

    FOR PHILANTHROPY (AS OF 10/2022)

    Total calculated
    $215,825
    From this org
    $181,887
    From related orgs
    $0
    Other
    $33,938
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $181,887
    Bonus
    $0
    Other
    $0
    Deferred
    $9,386
    Nontaxable benefits
    $24,552
    Filer's total
    $215,825
  • Jared Pennington

    ASSOCIATE DEAN

    Total calculated
    $214,836
    From this org
    $164,742
    From related orgs
    $0
    Other
    $50,094
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $164,742
    Bonus
    $0
    Other
    $0
    Deferred
    $7,875
    Nontaxable benefits
    $42,219
    Filer's total
    $214,836
  • Colleen Visconti

    PROFESSOR

    Total calculated
    $205,082
    From this org
    $179,342
    From related orgs
    $0
    Other
    $25,740
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $179,342
    Bonus
    $0
    Other
    $0
    Deferred
    $7,166
    Nontaxable benefits
    $18,574
    Filer's total
    $205,082
  • Christian Nash

    PROFESSOR

    Total calculated
    $196,123
    From this org
    $148,529
    From related orgs
    $0
    Other
    $47,594
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $148,529
    Bonus
    $0
    Other
    $0
    Deferred
    $5,375
    Nontaxable benefits
    $42,219
    Filer's total
    $196,123
  • Susan Kuznik

    DEAN

    Total calculated
    $193,313
    From this org
    $140,671
    From related orgs
    $0
    Other
    $52,642
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $140,671
    Bonus
    $0
    Other
    $0
    Deferred
    $7,022
    Nontaxable benefits
    $45,620
    Filer's total
    $193,313
  • Victoria Bussert

    PROFESSOR

    Total calculated
    $175,017
    From this org
    $150,687
    From related orgs
    $0
    Other
    $24,330
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $150,687
    Bonus
    $0
    Other
    $0
    Deferred
    $7,087
    Nontaxable benefits
    $17,243
    Filer's total
    $175,017

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
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4a · Severance or change-of-control payment

Answered no

  • 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 AND HIS WIFE LIVE IN A UNIVERSITY HOUSE LOCATED ON CAMPUS. THEY USE THE HOUSE FOR UNIVERSITY MEETINGS, RECEPTIONS, AND OTHER RELATED FUNCTIONS. UNIVERSITY CUSTODIANS CLEAN THE FIRST FLOOR COMMON ROOMS BUT NOT THE FAMILY PRIVATE ROOMS. THE UNIVERSITY REQUIRES THREE RESIDENCE LIFE DIRECTORS TO LIVE IN UNIVERSITY-OWNED HOUSING ON OR NEAR THE CAMPUS AS A CONDITION OF EMPLOYMENT. HEALTH OR SOCIAL CLUB DUES THE PRESIDENT HAS A MEMBERSHIP TO THE UNION CLUB OF CLEVELAND THAT IS USED PRINCIPALLY FOR BUSINESS PURPOSES. THE VICE PRESIDENT FOR FINANCE AND ADMINISTRATION REVIEWS ALL UNION CLUB INVOICES FOR BUSINESS PURPOSE.
PART I, LINE 4B:
FORMER V.P. FOR PHILANTHROPY & ALUMNI, PATRICK J. DUNLAVY, SEPARATED FROM THE ORGANIZATION IN MAY OF 2022. HE RECIEVED SEVERANCE PAYMENT IN CALENDAR YEAR 2022. THIS AMOUNT IS REPORTED ON SCHEDULE J, PART II, COLUMN, B(III).

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.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • NC HOUSING LLC

    RELATED · REAL ESTATE · OH · 90% owned · general or managing partner

    Directly controlled by NC HOUSING MANAGING MEMBER LLC

  • NC HOUSING MASTER TENANT LLC

    RELATED · REAL ESTATE · OH · 1% owned · general or managing partner

    Directly controlled by NC HOUSING MANAGING MEMBER LLC

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • CHARITABLE REMAINDER TRUST (11)

    T · INVESTMENTS · OH

  • NC HOUSING MANAGING MEMBER LLC

    C · REAL ESTATE · OH · 100% owned · share of income $27,758 · share of assets $7,405,591 · controlled entity

    Directly controlled by BALDWIN WALLACE UNIVERSITY

Provenance

Return type
form_990
Tax year
2022
Filed
14 May 2024
IRS schema version
2022v5.0
Source object
202421369349303662

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