Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 1d · Related organizations

  $90,276

• 1e · Government grants (contributions)

  $1,107,435

• 1f · All other contributions, gifts and grants

  $15,748,431

• 1g · Noncash contributions included above

  $224,517

• 2a · Program service revenue: TUITION & FEES

  total $38,060,596 · related or exempt $38,060,596

• 2b · Program service revenue: FRATERNITY ROOM & BOARD

  total $5,509,176 · related or exempt $5,509,176

• 2c · Program service revenue: STUDENT ROOM & BOARD

  total $4,234,734 · related or exempt $4,234,734

• 2d · Program service revenue: ATHLETIC REVENUE

  total $1,448,451 · related or exempt $1,448,451

• 2e · Program service revenue: OTHER INCOME

  total $1,212,282 · related or exempt $1,212,282

• 3 · Investment income

  total $7,779,875 · unrelated business $677,213 · excluded $7,102,662

• 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

  securities $158,816,789

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

  securities $157,854,823

• 7c · Gain or loss

  securities $961,966

• 7d · Net gain or loss

  total $961,966 · excluded $961,966

• 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

  $479,198

• 10b · Cost of goods sold

  $295,740

• 10c · Net income from sales of inventory

  total $183,458 · related or exempt $85,116 · unrelated business $98,342

• 11e · Other revenue, total

  $0

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $782,889 · program services $782,889

• 2 · Grants to domestic individuals

  total $28,321,585 · program services $28,321,585

• 3 · Grants to foreign organizations and individuals

  total $39,480 · program services $39,480

• 4 · Benefits paid to or for members

  total $0

• 5 · Compensation of officers, directors and key employees

  total $980,371 · program services $806,377 · management and general $144,278 · fundraising $29,716

• 6 · Compensation of disqualified persons

  total $0

• 7 · Other salaries and wages

  total $22,304,326 · program services $18,345,809 · management and general $3,282,460 · fundraising $676,057

• 8 · Pension plan contributions

  total $1,423,896 · program services $1,171,187 · management and general $209,550 · fundraising $43,159

• 9 · Other employee benefits

  total $2,183,087 · program services $1,795,638 · management and general $321,278 · fundraising $66,171

• 10 · Payroll taxes

  total $1,546,436 · program services $1,271,979 · management and general $227,584 · fundraising $46,873

• 11a · Fees: management

  total $33,068 · program services $33,068

• 11b · Fees: legal

  total $229,593 · program services $5,014 · management and general $220,640 · fundraising $3,939

• 11c · Fees: accounting

  total $179,244 · management and general $179,244

• 11d · Fees: lobbying

  total $0

• 11e · Fees: professional fundraising services

  total $223,002 · fundraising $223,002

• 11f · Fees: investment management

  total $1,152,111 · management and general $1,152,111

• 11g · Fees: other

  total $2,994,535 · program services $2,041,098 · management and general $788,287 · fundraising $165,150

• 12 · Advertising and promotion

  total $668,715 · program services $276,322 · management and general $0 · fundraising $392,393

• 13 · Office expenses

  total $876,949 · program services $821,421 · management and general $34,193 · fundraising $21,335

• 14 · Information technology

  total $604,245 · program services $566,011 · management and general $16,912 · fundraising $21,322

• 15 · Royalties

  total $0

• 16 · Occupancy

  total $8,824,642 · program services $8,414,419 · management and general $363,791 · fundraising $46,432

• 17 · Travel

  total $2,255,973 · program services $2,076,197 · management and general $62,939 · fundraising $116,837

• 18 · Travel or entertainment for public officials

  total $0

• 19 · Conferences, conventions and meetings

  total $23,986 · program services $6,162 · management and general $17,824

• 20 · Interest

  total $922,112 · program services $891,695 · management and general $30,417

• 21 · Payments to affiliates

  total $0

• 22 · Depreciation, depletion and amortization

  total $5,161,023 · program services $5,087,885 · management and general $72,650 · fundraising $488

• 23 · Insurance

  total $837,586 · program services $115,709 · management and general $721,877

• 24a · Other expenses: STUDENT ROOM & BOARD

  total $4,027,712 · program services $4,027,712

• 24b · Other expenses: MEALS

  total $1,408,000 · program services $1,066,990 · management and general $103,297 · fundraising $237,713

• 24c · Other expenses: BOOKS, PERIODICALS, AND MEDIA

  total $484,409 · program services $481,022 · management and general $3,306 · fundraising $81

• 24d · Other expenses: OFF CAMPUS EXPENSES

  total $268,652 · program services $58,786 · management and general $205,943 · fundraising $3,923

• 24e · All other expenses

  total $282,840 · program services $57,157 · management and general $164,750 · fundraising $60,933

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $5,198 · end of year $4,855

• 2 · Savings and temporary cash investments

  beginning of year $32,579,549 · end of year $36,694,314

• 3 · Pledges and grants receivable

  beginning of year $23,911,341 · end of year $17,303,196

• 4 · Accounts receivable

  beginning of year $602,697 · end of year $605,404

• 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 $0 · end of year $0

• 9 · Prepaid expenses and deferred charges

  beginning of year $1,094,512 · end of year $495,142

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

  $232,579,247

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

  $106,878,292

• 10c · Land, buildings and equipment, net

  beginning of year $126,792,567 · end of year $125,700,955

• 11 · Investments: publicly traded securities

  beginning of year $47,773,969 · end of year $25,002,685

• 12 · Investments: other securities

  beginning of year $313,286,904 · end of year $335,189,261

• 13 · Investments: program-related

  beginning of year $3,395,640 · end of year $2,954,410

• 14 · Intangible assets

  beginning of year $0 · end of year $0

• 15 · Other assets

  beginning of year $37,397,678 · end of year $35,601,093

• 17 · Accounts payable and accrued expenses

  beginning of year $1,670,240 · end of year $715,456

• 18 · Grants payable

  beginning of year $0 · end of year $0

• 19 · Deferred revenue

  beginning of year $0 · end of year $0

• 20 · Tax-exempt bond liabilities

  beginning of year $38,397,600 · end of year $35,566,000

• 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 $10,574,942 · end of year $9,812,844

• 27 · Net assets without donor restrictions

  beginning of year $249,765,061 · end of year $251,148,755

• 28 · Net assets with donor restrictions

  beginning of year $286,432,212 · end of year $282,308,260

The filer's explanations (Part III)

SCHEDULE J, PART I, LINE 1A

DR SCOTT FELLER, PRESIDENT OF WABASH COLLEGE IS OCCASIONALLY PROVIDED NON-TAXABLE REIMBURSEMENT FOR SPOUSAL TRAVEL TO FURTHER BUSINESS ACTIVITIES CONDUCTED ON BEHALF OF THE COLLEGE. The value of personal use of college-provided automobiles and social club dues provided to President Feller were recorded and reported as taxable income on his annual Wage and Tax Statement, IRS Form W-2. PERSONAL RESIDENCE WAS PROVIDED TO N. LYNNE WESTFIELD AND MICHELLE JANSSEN AS TAXABLE INCOME IN LIEU OF ADDITIONAL SALARY.

SCHEDULE J, PART I, Line 7

The President is eligible for a performance bonus annually based on a percentage of his salary, as outlined in his employment contract. It is approved by the compensation committee of the Board of Trustees.

Related corporations and trusts

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

• CHARITABLE REMAINDER TRUSTS (28)

  TRUST · TRUST

  Directly controlled by NA