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Nonprofiteer
← WILLIAM WOODS UNIVERSITY

Form 990 for tax year 2024

Filed by WILLIAM WOODS UNIVERSITY.

Totals

Total revenue
$49,902,314
Total expenses
$55,792,756
Contributions and grants received
$1,634,162
Grants paid
$20,228,373
Program service revenue
$43,862,418
Investment income
$4,411,757
Other revenue
-$6,023
Total assets, end of year
$38,186,551
Total liabilities, end of year
$9,520,808
Net assets or fund balances, end of year
$28,665,743
Program services expenses (Part IX)
$45,455,778
Management and general expenses
$9,772,085
Fundraising expenses
$564,893
Program service expenses (Part III)
$45,455,778

Program services were 81.5% 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)

    $269,367

  • 1f · All other contributions, gifts and grants

    $1,364,795

  • 1g · Noncash contributions included above

    $614,990

  • 2a · Program service revenue: TUITION AND FEES

    total $35,196,339 · related or exempt $35,196,339

  • 2b · Program service revenue: RESIDENCE HALLS AND FOOD SERVICE

    total $7,673,272 · related or exempt $7,673,272

  • 2c · Program service revenue: OTHER INCOME

    total $884,676 · related or exempt $884,676

  • 2d · Program service revenue: BOOKSTORE

    total $108,131 · unrelated business $108,131

  • 3 · Investment income

    total $448,472 · excluded $448,472

  • 6a · Gross rents

    real property $49,217

  • 6b · Less rental expenses

    real property $55,240

  • 6c · Rental income or loss

    real property -$6,023

  • 6d · Net rental income or loss

    total -$6,023 · related or exempt -$6,023

  • 7a · Gross sales of assets other than inventory

    securities $12,127,178 · other assets $963,780

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

    securities $8,289,503 · other assets $838,170

  • 7c · Gain or loss

    securities $3,837,675 · other assets $125,610

  • 7d · Net gain or loss

    total $3,963,285 · excluded $3,963,285

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $20,228,373 · program services $20,228,373

  • 5 · Compensation of officers, directors and key employees

    total $528,314 · program services $132,079 · management and general $378,096 · fundraising $18,139

  • 7 · Other salaries and wages

    total $14,230,938 · program services $12,270,662 · management and general $1,548,030 · fundraising $412,246

  • 8 · Pension plan contributions

    total $127,528 · program services $94,162 · management and general $29,806 · fundraising $3,560

  • 9 · Other employee benefits

    total $661,215 · program services $641,989 · fundraising $19,226

  • 10 · Payroll taxes

    total $1,013,440 · program services $848,715 · management and general $133,724 · fundraising $31,001

  • 11f · Fees: investment management

    total $48,953 · management and general $48,953

  • 11g · Fees: other

    total $7,747,784 · program services $2,943,128 · management and general $4,773,132 · fundraising $31,524

  • 12 · Advertising and promotion

    total $496,607 · program services $473,237 · management and general $19,916 · fundraising $3,454

  • 13 · Office expenses

    total $1,398,927 · program services $1,308,138 · management and general $53,694 · fundraising $37,095

  • 16 · Occupancy

    total $944,577 · program services $928,955 · management and general $15,622

  • 17 · Travel

    total $728,127 · program services $712,080 · management and general $15,912 · fundraising $135

  • 19 · Conferences, conventions and meetings

    total $386,149 · program services $123,872 · management and general $262,227 · fundraising $50

  • 20 · Interest

    total $424,054 · program services $173,879 · management and general $250,175

  • 22 · Depreciation, depletion and amortization

    total $2,535,983 · program services $2,398,265 · management and general $137,718

  • 23 · Insurance

    total $732,921 · program services $364,198 · management and general $368,723

  • 24a · Other expenses: BAD DEBT EXPENSE

    total $1,359,641 · management and general $1,359,641

  • 24b · Other expenses: EQUIPMENT

    total $674,347 · program services $421,988 · management and general $252,359

  • 24c · Other expenses: EQUIPMENT REPAIRS AND M

    total $574,669 · program services $552,343 · management and general $22,217 · fundraising $109

  • 24d · Other expenses: MISCELLANEOUS EXPENSE

    total $230,260 · program services $218,784 · management and general $11,476

  • 24e · All other expenses

    total $719,949 · program services $620,931 · management and general $90,664 · fundraising $8,354

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $1,430,528 · end of year $1,310,778

  • 3 · Pledges and grants receivable

    beginning of year $159,271 · end of year $271,792

  • 4 · Accounts receivable

    beginning of year $1,342,794 · end of year $786,596

  • 5 · Loans and receivables from officers and key people

    beginning of year $412,696 · end of year $405,123

  • 8 · Inventories for sale or use

    beginning of year $58,370 · end of year $113,995

  • 9 · Prepaid expenses and deferred charges

    beginning of year $352,872 · end of year $205,608

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

    $67,227,287

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

    $44,561,438

  • 10c · Land, buildings and equipment, net

    beginning of year $25,856,091 · end of year $22,665,849

  • 11 · Investments: publicly traded securities

    beginning of year $18,520,942 · end of year $9,190,788

  • 12 · Investments: other securities

    beginning of year $197,021 · end of year $229,433

  • 13 · Investments: program-related

    beginning of year $451,352 · end of year $421,460

  • 15 · Other assets

    beginning of year $1,336,976 · end of year $2,585,129

  • 17 · Accounts payable and accrued expenses

    beginning of year $2,505,715 · end of year $2,335,394

  • 19 · Deferred revenue

    beginning of year $1,308,741 · end of year $2,051,972

  • 25 · Other liabilities

    beginning of year $9,010,274 · end of year $5,133,442

  • 27 · Net assets without donor restrictions

    beginning of year $12,178,413 · end of year $3,595,352

  • 28 · Net assets with donor restrictions

    beginning of year $25,115,770 · end of year $25,070,391

Mission and programs · 2024

Mission

WILLIAM WOODS UNIVERSITY PROMOTES A STUDENT-CENTERED LEARNING ENVIRONMENT VALUING INCLUSION, CREATIVITY, AND INTELLECTUAL INQUIRY. FOCUSED ON PROFESSIONS-ORIENTED EDUCATION, WE PREPARE LEARNERS FOR SUCCESS.

  • INSTRUCTIONAL AND RELATED EDUCATIONAL AND GENERAL EXPENSES. FALL ENROLLMENT: 1342 UNDERGRADUATE, 704 GRADUATE STUDENTS. SPRING ENROLLMENT: 1265 UNDERGRADUATE, 500 GRADUATE STUDENTS.

    Expenses $25,227,405 · Revenue $23,519,891

  • SCHOLARSHIPS-FINANCIAL AID PROVIDED TO STUDENTS.

    Expenses $20,228,373 · Grants $20,228,373 · Revenue $20,228,373

As filed on the 2024 return.

Listed in Part VII

  • Romain Seguin

    CHAIR (LEAVE OF ABSENCE)

    Total calculated
    $0
    Hours/week
    0.8
  • Stephen Danner

    1ST VICE CHAIR

    Total calculated
    $0
    Hours/week
    0.8
  • Barbara Foster

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.8
  • Shelly Brown

    TREASURER

    Total calculated
    $0
    Hours/week
    0.8
  • Judy Schmuck

    MEMBER AT LARGE

    Total calculated
    $0
    Hours/week
    0.8
  • Bryan Tramont

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5
  • Brad Gibbs

    MEMBER AT LARGE

    Total calculated
    $0
    Hours/week
    0.8
  • Byron Bagby

    MEMBER AT LARGE

    Total calculated
    $0
    Hours/week
    0.8
  • Jason Nicolay

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5
  • Shellee Spring Perkins

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5
  • James Schmuck

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5
  • Rebecca Thompson

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5
  • Andre Cook

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5
  • Fadi Diya

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5
  • Michele Markey

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5
  • Emily Straw

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5
  • Jeremy Moreland

    PRESIDENT

    Total calculated
    $360,359
    From this org
    $350,805
    From related orgs
    $0
    Other
    $9,554
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $349,485
    Bonus
    $0
    Other
    $1,320
    Deferred
    $6,000
    Nontaxable benefits
    $3,554
    Filer's total
    $360,359
  • Stephen Mansdoerfer

    CFO

    Total calculated
    $165,539
    From this org
    $159,899
    From related orgs
    $0
    Other
    $5,640
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $135,000
    Bonus
    $0
    Other
    $24,899
    Deferred
    $5,400
    Nontaxable benefits
    $240
    Filer's total
    $165,539
  • Theodore Blashak

    PROVOST & CHIEF ACADEMIC OFFICER

    Total calculated
    $195,070
    From this org
    $187,279
    From related orgs
    $0
    Other
    $7,791
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $181,279
    Bonus
    $0
    Other
    $6,000
    Deferred
    $3,329
    Nontaxable benefits
    $4,462
    Filer's total
    $195,070
  • Sheila Hodge-Logan

    ASSOCIATE PROFESSOR OF EDU

    Total calculated
    $123,682
    From this org
    $115,090
    From related orgs
    $0
    Other
    $8,592
    Hours/week
    40
  • Andrew Otto

    VP OF ENROLLMENT MNGMT

    Total calculated
    $135,372
    From this org
    $125,929
    From related orgs
    $0
    Other
    $9,443
    Hours/week
    40
  • Stephen Wilson

    VP & ATHLETIC DIRECTOR

    Total calculated
    $103,993
    From this org
    $100,392
    From related orgs
    $0
    Other
    $3,601
    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

  • 1a · Housing allowance or residence for personal use
  • 1a · Personal services (maid, chauffeur, chef)
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 3 · Form 990 of other organizations
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4a · Severance or change-of-control payment
  • 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
THE PRESIDENT'S HOUSE IS USED FOR UNIVERSITY FUNCTIONS. UNIVERSITY EXPENSES FOR THESE PURPOSES ALSO INCLUDE PERSONAL SERVICES.
PART I, LINE 4B
THE UNIVERSITY HAS A LIFE INSURANCE POLICY ON THE FORMER PRESIDENT. THE PRESIDENT WILL BE ABLE TO MAKE WITHDRAWALS FROM THE POLICY UPON RETIREMENT. THE REMAINING BALANCE OF THE POLICY WILL BE PAID OUT TO THE UNIVERSITY UPON THE PRESIDENT'S DEATH.

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
23 March 2026
IRS schema version
2024v5.5
Source object
202640899349300829

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