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Nonprofiteer
← WESLEYAN COLLEGE

Form 990 for tax year 2023

Filed by WESLEYAN COLLEGE.

Totals

Total revenue
$34,048,696
Total expenses
$30,210,407
Contributions and grants received
$10,908,274
Grants paid
$6,538,457
Program service revenue
$16,159,232
Investment income
$1,184,290
Other revenue
$5,796,900
Total assets, end of year
$105,632,762
Total liabilities, end of year
$12,595,776
Net assets or fund balances, end of year
$93,036,986
Program services expenses (Part IX)
$24,342,867
Management and general expenses
$5,051,900
Fundraising expenses
$815,640
Program service expenses (Part III)
$24,342,867

Program services were 80.6% 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)

    $939,512

  • 1f · All other contributions, gifts and grants

    $9,968,762

  • 1g · Noncash contributions included above

    $2,308,275

  • 2a · Program service revenue: TUITION & FEES

    total $11,325,778 · related or exempt $11,325,778

  • 2b · Program service revenue: AUXILIARY ENTERPRISES

    total $3,446,173 · related or exempt $3,446,173

  • 2c · Program service revenue: CONTRACT AND OTHER SERVICES

    total $1,309,512 · related or exempt $1,309,512

  • 2d · Program service revenue: RENTAL PROPERTY

    total $77,769 · excluded $77,769

  • 3 · Investment income

    total $1,184,290 · excluded $1,184,290

  • 11a · Other revenue: REAL & UNREAL GAIN (LOSS)

    total $5,764,237 · excluded $5,764,237

  • 11b · Other revenue: FITNESS CENTER

    total $32,663 · unrelated business $32,663

  • 11e · Other revenue, total

    $5,796,900

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $6,538,457 · program services $6,538,457

  • 5 · Compensation of officers, directors and key employees

    total $1,079,654 · program services $735,964 · management and general $294,930 · fundraising $48,760

  • 7 · Other salaries and wages

    total $8,169,944 · program services $5,978,852 · management and general $1,613,325 · fundraising $577,767

  • 8 · Pension plan contributions

    total $263,000 · program services $223,773 · management and general $28,194 · fundraising $11,033

  • 9 · Other employee benefits

    total $1,477,388 · program services $1,232,381 · management and general $173,578 · fundraising $71,429

  • 11b · Fees: legal

    total $56,433 · management and general $56,433

  • 11c · Fees: accounting

    total $84,630 · management and general $84,630

  • 11f · Fees: investment management

    total $279,816 · management and general $279,816

  • 20 · Interest

    total $467,925 · program services $467,925

  • 22 · Depreciation, depletion and amortization

    total $1,594,371 · program services $1,594,371

  • 24a · Other expenses: INTERDEPARTMENTAL CHARGES

    total $3,500,707 · program services $3,500,707

  • 24b · Other expenses: UTILITIES

    total $957,646 · program services $478,823 · management and general $478,823

  • 24c · Other expenses: CONTRACTS AND FOOD SERVIC

    total $952,510 · program services $952,510

  • 24d · Other expenses: EQUIPMENT RENT & MAINTENA

    total $782,506 · program services $132,832 · management and general $649,674

  • 24e · All other expenses

    total $4,005,420 · program services $2,506,272 · management and general $1,392,497 · fundraising $106,651

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $575,588 · end of year $1,108,084

  • 3 · Pledges and grants receivable

    beginning of year $2,030,123 · end of year $3,029,297

  • 4 · Accounts receivable

    beginning of year $1,417,833 · end of year $936,829

  • 7 · Other notes and loans receivable

    beginning of year $205,471 · end of year $172,842

  • 9 · Prepaid expenses and deferred charges

    beginning of year $143,800 · end of year $192,445

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

    $78,787,697

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

    $43,449,308

  • 10c · Land, buildings and equipment, net

    beginning of year $34,549,856 · end of year $35,338,389

  • 11 · Investments: publicly traded securities

    beginning of year $43,226,897 · end of year $45,276,043

  • 12 · Investments: other securities

    beginning of year $12,294,210 · end of year $12,861,577

  • 15 · Other assets

    beginning of year $7,354,271 · end of year $6,717,256

  • 17 · Accounts payable and accrued expenses

    beginning of year $417,110 · end of year $796,343

  • 19 · Deferred revenue

    beginning of year $371,059 · end of year $970,657

  • 23 · Secured mortgages and notes payable

    beginning of year $10,878,090 · end of year $9,806,462

  • 25 · Other liabilities

    beginning of year $933,093 · end of year $1,022,314

  • 27 · Net assets without donor restrictions

    beginning of year $24,940,346 · end of year $30,573,446

  • 28 · Net assets with donor restrictions

    beginning of year $64,258,351 · end of year $62,463,540

Mission and programs · 2023

Mission

EDUCATIONAL INSTITUTION

  • ENROLLMENT OF STUDENTS FOR SUMMER AND FALL SEMESTER 2023 AND SPRING SEMESTER 2024.

    Expenses $24,342,867 · Grants $6,538,457

As filed on the 2023 return.

Listed in Part VII

  • SEE ATTACHED LIST OF TRUSTEES

    TRUSTEE

    Total calculated
    $0

  • MEAGHAN BLIGHT

    PRESIDENT

    Total calculated
    $295,051
    From this org
    $268,791
    From related orgs
    $0
    Other
    $26,260
    Hours/week
    38

    Schedule J breakdown matched by us

    Base
    $268,791
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    $26,260
    Filer's total
    $295,051

  • DREW DAVIDSON

    VP-ENR & MAR

    Total calculated
    $188,958
    From this org
    $170,902
    From related orgs
    $0
    Other
    $18,056
    Hours/week
    38

    Schedule J breakdown matched by us

    Base
    $170,902
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    $18,056
    Filer's total
    $188,958

  • TIMOTHY KLOCKO

    CFO

    Total calculated
    $153,623
    From this org
    $142,036
    From related orgs
    $0
    Other
    $11,587
    Hours/week
    38

    Schedule J breakdown matched by us

    Base
    $142,036
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    $11,587
    Filer's total
    $153,623

  • SARAH MCCARTHY

    VP OF ADVANC

    Total calculated
    $138,187
    From this org
    $136,694
    From related orgs
    $0
    Other
    $1,493
    Hours/week
    38

  • MELODY A BLAKE

    PROVOST AND

    Total calculated
    $138,138
    From this org
    $138,114
    From related orgs
    $0
    Other
    $24
    Hours/week
    38

  • CARRIE INGOLDSBY

    VP OF SA AND

    Total calculated
    $109,243
    From this org
    $100,929
    From related orgs
    $0
    Other
    $8,314
    Hours/week
    38

  • LATONYA PARKER

    CHIEF DIV OF

    Total calculated
    $56,306
    From this org
    $50,718
    From related orgs
    $0
    Other
    $5,588
    Hours/week
    38

  • VIRGINA WILCOX

    PROF OF EDUC

    Total calculated
    $107,162
    From this org
    $107,162
    From related orgs
    $0
    Other
    $0
    Hours/week
    38

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
  • 3 · Compensation committee
  • 3 · Written employment contract
  • 3 · Approval by the board or compensation committee

Answered no

  • 2 · Substantiation required before reimbursing expenses
  • 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.

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.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • HISTORIC PORTER HOUSE MANAGER LLC

    MANAGE HPH · GA

Provenance

Return type
form_990
Tax year
2023
Filed
14 May 2025
IRS schema version
2023v6.0
Source object
202541359349309134

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