Totals
- Total revenue
- $38,571,636
- Total expenses
- $37,144,375
- Contributions and grants received
- $4,219,743
- Grants paid
- $12,852,701
- Program service revenue
- $32,763,103
- Investment income
- $826,172
- Other revenue
- $762,618
- Total assets, end of year
- $55,543,770
- Total liabilities, end of year
- $26,080,988
- Net assets or fund balances, end of year
- $29,462,782
- Program services expenses (Part IX)
- $30,732,983
- Management and general expenses
- $6,084,035
- Fundraising expenses
- $327,357
- Program service expenses (Part III)
- $30,732,983
Program services were 82.7% 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)
$308,156
-
1f · All other contributions, gifts and grants
$3,911,587
-
1g · Noncash contributions included above
$124,049
-
2a · Program service revenue: TUITION
total $29,248,619 · related or exempt $29,248,619
-
2b · Program service revenue: RESIDENCE HALL
total $2,113,521 · related or exempt $2,113,521
-
2c · Program service revenue: FOOD SERVICE
total $1,345,006 · related or exempt $1,345,006
-
2d · Program service revenue: CAMPS AND CONFERENCES
total $55,845 · related or exempt $55,845
-
2e · Program service revenue: BOOKSTORE
total $112 · related or exempt $112
-
3 · Investment income
total $469,794 · excluded $469,794
-
7a · Gross sales of assets other than inventory
securities $657,313
-
7b · Less cost or other basis and sales expenses
securities $300,935
-
7c · Gain or loss
securities $356,378
-
7d · Net gain or loss
total $356,378 · excluded $356,378
-
11a · Other revenue: ALL OTHER REVENUE
total $505,118 · related or exempt $505,118
-
11b · Other revenue: FORT SANDERS NURSING SUPPLEMENT
total $257,500 · related or exempt $257,500
-
11e · Other revenue, total
$762,618
Functional expenses
Part IX, the statement of functional expenses.
-
2 · Grants to domestic individuals
total $12,852,701 · program services $12,852,701
-
7 · Other salaries and wages
total $9,742,577 · program services $7,713,577 · management and general $1,875,818 · fundraising $153,182
-
8 · Pension plan contributions
total $322,002 · program services $228,363 · management and general $69,477 · fundraising $24,162
-
9 · Other employee benefits
total $854,857 · program services $629,626 · management and general $205,389 · fundraising $19,842
-
10 · Payroll taxes
total $905,205 · program services $742,269 · management and general $129,705 · fundraising $33,231
-
11b · Fees: legal
total $8,755 · fundraising $8,755
-
11c · Fees: accounting
total $86,933 · management and general $86,933
-
12 · Advertising and promotion
total $114,347 · management and general $114,347
-
17 · Travel
total $621,707 · program services $461,745 · management and general $148,972 · fundraising $10,990
-
20 · Interest
total $745,439 · management and general $745,439
-
22 · Depreciation, depletion and amortization
total $1,920,254 · program services $1,645,802 · management and general $274,452
-
24a · Other expenses: CONTRACTED SERVICES
total $3,038,786 · program services $2,151,944 · management and general $875,426 · fundraising $11,416
-
24b · Other expenses: UTILITIES
total $757,541 · program services $686,121 · management and general $71,420
-
24c · Other expenses: FACILITY FEES
total $558,369 · program services $558,369
-
24d · Other expenses: MAINTENANCE AND REPAIRS
total $508,634 · program services $434,425 · management and general $74,209
-
24e · All other expenses
total $4,106,268 · program services $2,628,041 · management and general $1,412,448 · fundraising $65,779
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $1,301 · end of year $1,302
-
2 · Savings and temporary cash investments
beginning of year $2,713,844 · end of year $2,773,162
-
3 · Pledges and grants receivable
beginning of year $2,399,670 · end of year $2,987,524
-
4 · Accounts receivable
beginning of year $1,013,689 · end of year $963,060
-
7 · Other notes and loans receivable
beginning of year $2,800 · end of year $5,850
-
8 · Inventories for sale or use
beginning of year $9,663 · end of year $10,600
-
9 · Prepaid expenses and deferred charges
beginning of year $142,763 · end of year $124,133
-
10a · Land, buildings and equipment: cost or other basis
$54,196,261
-
10b · Land, buildings and equipment: accumulated depreciation
$27,000,456
-
10c · Land, buildings and equipment, net
beginning of year $27,139,595 · end of year $27,195,805
-
11 · Investments: publicly traded securities
beginning of year $18,064,301 · end of year $19,620,135
-
15 · Other assets
beginning of year $2,309,963 · end of year $1,862,199
-
17 · Accounts payable and accrued expenses
beginning of year $887,039 · end of year $862,581
-
19 · Deferred revenue
beginning of year $938,655 · end of year $1,613,092
-
23 · Secured mortgages and notes payable
beginning of year $21,879,482 · end of year $21,433,565
-
25 · Other liabilities
beginning of year $2,818,528 · end of year $2,171,750
-
27 · Net assets without donor restrictions
beginning of year $3,279,340 · end of year $2,840,391
-
28 · Net assets with donor restrictions
beginning of year $23,994,545 · end of year $26,622,391
Mission and programs · 2024
Mission
TENNESSEE WESLEYAN UNIVERSITY SEEKS WITHIN THE FRAMEWORK OF THE JUDEO-CHRISTIAN TRADITION TO PROVIDE FOR STUDENTS THE HIGHEST QUALITY EDUCATIONAL EXPERIENCE; TO PROMOTE PERSONAL RESPONSIBILITY, INTEGRITY, AND PURPOSE; AND TO PREPARE STUDENTS FOR A LIFE OF LEADERSHIP AND SERVICE IN AN EVER-CHANGING GLOBAL COMMUNITY.
Activities or mission (Part I)
FOUR-YEAR LIBERAL ARTS COLLEGE
-
INSTRUCTIONAL - ENROLLED AND EDUCATED OVER 1000 STUDENTS.
Expenses $22,894,688 · Grants $12,852,701 · Revenue $33,525,721
-
ACADEMIC SUPPORT - INCLUDES THE FUNDS SPENT IN SUPPORT OF THE COLLEGE'S LIBRARY AND OTHER SIMILAR ACTIVITIES.
Expenses $557,100
-
STUDENT SERVICES - INCLUDES THE FUNDS ASSOCIATED WITH THE SUPPORT OF THE COLLEGE'S STUDENTS ACADEMICS AND RELATED STUDENT ACTIVITIES.
Expenses $7,281,195
As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Honorable Jerri S BryantHONORABLE JERRI S BRYANT
CHANCELLOR
- Total calculated
- $0
- Hours/week
- 1
-
Nan Riley JenneNAN RILEY JENNE
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Allen F CarterALLEN F CARTER
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Chris AdamsCHRIS ADAMS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Jeffrey L CunninghamJEFFREY L CUNNINGHAM
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Marilyn MillerMARILYN MILLER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Randy MullinsRANDY MULLINS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
William P WebbWILLIAM P WEBB
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Bev Liner StansellBEV LINER STANSELL
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Mark WhiteMARK WHITE
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Jim WinerJIM WINER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Paul G WillsonPAUL G WILLSON
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Brooklyn Ingram-NelsonBROOKLYN INGRAM-NELSON
BOARD REPRESENTATIVE
- Total calculated
- $0
- Hours/week
- 1
-
Jack SeitzJACK SEITZ
BOARD REPRESENTATIVE
- Total calculated
- $0
- Hours/week
- 1
-
Rev Dr Vant HardawayREV DR VANT HARDAWAY
HONORARY TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Mr Rick LayMR RICK LAY
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
The Honorable Carl E CollomsTHE HONORABLE CARL E COLLOMS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Rev Christopher BlackREV CHRISTOPHER BLACK
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Robert GoodfriendROBERT GOODFRIEND
CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Shirley WoodcockSHIRLEY WOODCOCK
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Jason RobertsonJASON ROBERTSON
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Matthew PinsonMATTHEW PINSON
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
John G ReidJOHN G REID
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Dr Claire W TuckerDR CLAIRE W TUCKER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Tyler S ForrestTYLER S FORREST
PRESIDENT
- Total calculated
- $331,806
- From this org
- $313,136
- From related orgs
- $0
- Other
- $18,670
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $263,136
- Bonus
- $50,000
- Other
- $0
- Deferred
- $18,670
- Nontaxable benefits
- $0
- Filer's total
- $331,806
-
Dg WillhiteDG WILLHITE
VPAA
- Total calculated
- $162,227
- From this org
- $150,044
- From related orgs
- $0
- Other
- $12,183
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $150,044
- Bonus
- $0
- Other
- $0
- Deferred
- $12,183
- Nontaxable benefits
- $0
- Filer's total
- $162,227
-
Martha G HarrisMARTHA G HARRIS
VP OF FINANCE
- Total calculated
- $135,143
- From this org
- $123,499
- From related orgs
- $0
- Other
- $11,644
- Hours/week
- 40
-
Scott A MashburnSCOTT A MASHBURN
VP OF STUDENT LIFE
- Total calculated
- $125,976
- From this org
- $114,725
- From related orgs
- $0
- Other
- $11,251
- Hours/week
- 40
-
Martha E MaddoxMARTHA E MADDOX
PROFESSOR OF BUSINESS ADMINISTRATION
- Total calculated
- $113,486
- From this org
- $103,659
- From related orgs
- $0
- Other
- $9,827
- Hours/week
- 40
-
Stacy J SwaffordSTACY J SWAFFORD
ASSOCATE PROFESSOR OF BUSI
- Total calculated
- $169,629
- From this org
- $160,939
- From related orgs
- $0
- Other
- $8,690
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $160,939
- Bonus
- $0
- Other
- $0
- Deferred
- $8,690
- Nontaxable benefits
- $0
- Filer's total
- $169,629
-
Stephanie SmallenSTEPHANIE SMALLEN
VP FOR INSTITUTIONAL EFFEC
- Total calculated
- $130,927
- From this org
- $120,398
- From related orgs
- $0
- Other
- $10,529
- Hours/week
- 40
-
Anne M MontgomeryANNE M MONTGOMERY
ASSOCIATE PROFESSOR OF BUS
- Total calculated
- $128,172
- From this org
- $119,482
- From related orgs
- $0
- Other
- $8,690
- Hours/week
- 40
-
Lisa D VesserLISA D VESSER
ASSOCIATE PROFESSOR OF NUR
- Total calculated
- $127,083
- From this org
- $116,713
- From related orgs
- $0
- Other
- $10,370
- Hours/week
- 40
-
Stedmon D HopkinsSTEDMON D HOPKINS
ASSISTANT PROFESSOR OF OCC
- Total calculated
- $123,855
- From this org
- $113,064
- From related orgs
- $0
- Other
- $10,791
- Hours/week
- 40
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
- 2 · Substantiation required before reimbursing expenses
- 3 · Compensation committee
- 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
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
- 30 October 2025
- IRS schema version
- 2024v5.2
- Source object
- 202543149349303464
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