Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 1d · Related organizations

  $1,079,592

• 1e · Government grants (contributions)

  $661,789

• 1f · All other contributions, gifts and grants

  $4,735,054

• 2a · Program service revenue: TUITION AND FEES

  total $23,906,968 · related or exempt $23,906,968

• 2b · Program service revenue: AUXILIARY

  total $5,345,386 · related or exempt $5,345,386

• 3 · Investment income

  total $156,353 · excluded $156,353

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

  total $0

• 5 · Royalties

  total $906 · excluded $906

• 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

  securities $1,235,343

• 7c · Gain or loss

  securities $1,235,343

• 7d · Net gain or loss

  total $1,235,343 · excluded $1,235,343

• 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

  $49,188

• 10b · Cost of goods sold

  $0

• 10c · Net income from sales of inventory

  total $49,188 · excluded $49,188

• 11a · Other revenue: Athletics Revenue

  total $138,461 · excluded $138,461

• 11b · Other revenue: Misc. Academic Revenue

  total $3,237 · excluded $3,237

• 11c · Other revenue: ALL OTHER MISC REVENUE

  total $406,503 · excluded $406,503

• 11d · All other revenue

  total $406,503 · excluded $406,503

• 11e · Other revenue, total

  $548,201

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $0

• 2 · Grants to domestic individuals

  total $13,382,642 · program services $13,382,642

• 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 $692,003 · program services $553,603 · management and general $138,400

• 6 · Compensation of disqualified persons

  total $0

• 7 · Other salaries and wages

  total $7,097,112 · program services $5,978,172 · management and general $633,108 · fundraising $485,832

• 8 · Pension plan contributions

  total $274,169 · program services $251,351 · management and general $22,818

• 9 · Other employee benefits

  total $698,037 · program services $390,742 · management and general $246,421 · fundraising $60,874

• 10 · Payroll taxes

  total $535,322 · program services $449,465 · management and general $50,693 · fundraising $35,164

• 11a · Fees: management

  total $0

• 11b · Fees: legal

  total $130,770 · program services $350 · management and general $130,420

• 11c · Fees: accounting

  total $9,703 · management and general $9,703

• 11d · Fees: lobbying

  total $0

• 11e · Fees: professional fundraising services

  total $0

• 11f · Fees: investment management

  total $55,225 · program services $35,586 · management and general $15,767 · fundraising $3,872

• 11g · Fees: other

  total $631,189 · program services $455,581 · management and general $151,288 · fundraising $24,320

• 12 · Advertising and promotion

  total $215,514 · program services $169,723 · management and general $31,662 · fundraising $14,129

• 13 · Office expenses

  total $557,311 · program services $423,431 · management and general $66,958 · fundraising $66,922

• 14 · Information technology

  total $368,483 · program services $244,639 · management and general $100,735 · fundraising $23,109

• 15 · Royalties

  total $0

• 16 · Occupancy

  total $897,556 · program services $709,424 · management and general $186,856 · fundraising $1,276

• 17 · Travel

  total $2,051,253 · program services $1,955,417 · management and general $59,565 · fundraising $36,271

• 18 · Travel or entertainment for public officials

  total $0

• 19 · Conferences, conventions and meetings

  total $0

• 20 · Interest

  total $104,325 · program services $104,325

• 21 · Payments to affiliates

  total $0

• 22 · Depreciation, depletion and amortization

  total $1,883,989 · program services $1,507,191 · management and general $376,798

• 23 · Insurance

  total $862,457 · program services $689,542 · management and general $172,386 · fundraising $529

• 24a · Other expenses: Maintenance

  total $592,320 · program services $476,883 · management and general $115,337 · fundraising $100

• 24b · Other expenses: Athletics

  total $3,723,758 · program services $3,723,758

• 24c · Other expenses: Other Miscellaneous Expenses

  total $303,543 · program services $200,852 · management and general $37,611 · fundraising $65,080

• 24d · Other expenses: _

  total $0

• 24e · All other expenses

  total $677,629 · program services $390,668 · management and general $286,522 · fundraising $439

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $3,935,187 · end of year $4,469,604

• 2 · Savings and temporary cash investments

  beginning of year $1,668,023 · end of year $3,898,851

• 3 · Pledges and grants receivable

  beginning of year $3,129,923 · end of year $1,565,487

• 4 · Accounts receivable

  beginning of year $316,489 · end of year $567,250

• 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 $0

• 8 · Inventories for sale or use

  beginning of year $152,733 · end of year $72,409

• 9 · Prepaid expenses and deferred charges

  beginning of year $217,387 · end of year $97,305

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

  $63,576,077

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

  $25,460,842

• 10c · Land, buildings and equipment, net

  beginning of year $37,190,662 · end of year $38,115,235

• 11 · Investments: publicly traded securities

  beginning of year $0 · end of year $0

• 12 · Investments: other securities

  beginning of year $67,721 · end of year $68,063

• 13 · Investments: program-related

  beginning of year $406,106 · end of year $372,452

• 14 · Intangible assets

  beginning of year $0 · end of year $0

• 15 · Other assets

  beginning of year $14,166,986 · end of year $15,118,588

• 17 · Accounts payable and accrued expenses

  beginning of year $1,248,906 · end of year $780,244

• 18 · Grants payable

  beginning of year $0 · end of year $0

• 19 · Deferred revenue

  beginning of year $17,786 · end of year $16,536

• 20 · Tax-exempt bond liabilities

  beginning of year $3,049,772 · end of year $4,715,210

• 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 $1,026,865 · end of year $815,340

• 27 · Net assets without donor restrictions

  beginning of year $34,523,950 · end of year $32,312,997

• 28 · Net assets with donor restrictions

  beginning of year $21,383,938 · end of year $25,704,917

The filer's explanations (Part III)

SCHEDULE J, PART I, LINE 1A

KANSAS WESLEYAN UNIVERSITY PROVIDES A TAXABLE HOUSING ALLOWANCE FOR THE PRESIDENT OF THE UNIVERSITY; IN FY23 THE HOUSING ALLOWANCE WAS $30,000. KWU PROVIDES TAXABLE SOCIAL CLUB MEMEBERSHIPS FOR THE PRESIDENT OF THE UNIVERSITY AND THE MEMBERS OF THE PRESIDENTIAL COUNCIL; IN FY23 THE VALUE OF THIS BENEFIT FOR THE PRESIDENT WAS $6,000. THE COUNCIL MEMBERS INCLUDE KEN OLIVER, DAMON KRAFT, RHONDA BETHE, BRIDGET WEISER, BILL BACKLIN, AND STEVE WILSON. THE SOCIAL CLUB DUES FOR EACH OF THESE INDIVIDUALS WAS $4,800 FOR A TOTAL OF $34,800.