Civic Intelligence

Wisconsin Lutheran College Inc

EIN 23-7179639 • 501(c)3 • Milwaukee, WI

Profile

SEE SCHEDULE O RESPONSE.

8800 West Bluemound RoadMilwaukee, WI 53226

www.wlc.edu

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

64th percentile

0.42x

Higher debt load relative to assets than 64% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Source year 2025

Liabilities / Revenue

73rd percentile

1.03x

Higher debt load relative to revenue than 73% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Source year 2025

Net Margin

41st percentile

1.8%

Higher net margin than 41% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Source year 2025

Top Officer Pay

21st percentile

$273,744

Higher top officer pay than 21% of similar nonprofits.

Top officer pay equals 0.5% of source-year revenue.

501(c)3 • $100M-$250M nonprofits • Source year 2025

Asset Growth

27th percentile

0.9%

Faster asset growth than 27% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Annualized from 2024 to 2025

Revenue Growth

37th percentile

3.9%

Faster revenue growth than 37% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Annualized from 2024 to 2025

Assets

Up

$137,959,501

Up $1,222,702 (+0.9%) from 2024

Liabilities

Down

$57,785,673

Down $1,234,265 (-2.1%) from 2024

Net Assets

Up

$80,173,828

Up $2,456,967 (+3.2%) from 2024

Revenue

Up

$56,348,705

Up $2,113,390 (+3.9%) from 2024

Expenses

Up

$55,356,661

Up $779,337 (+1.4%) from 2024

Net Income

Up

$992,044

Up $1,334,053 (+390%) from 2024

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$150M$100M$50M$0Assets 2012: $105,494,891Liabilities 2012: $59,742,397Net Assets 2012: $45,752,4942012Assets 2013: $105,884,135Liabilities 2013: $58,523,650Net Assets 2013: $47,360,4852013Assets 2014: $108,340,828Liabilities 2014: $57,135,994Net Assets 2014: $51,204,8342014Assets 2015: $115,364,837Liabilities 2015: $55,007,502Net Assets 2015: $60,357,3352015Assets 2016: $111,965,751Liabilities 2016: $56,433,322Net Assets 2016: $55,532,4292016Assets 2017: $111,845,222Liabilities 2017: $55,137,747Net Assets 2017: $56,707,4752017Assets 2018: $109,823,875Liabilities 2018: $53,728,135Net Assets 2018: $56,095,7402018Assets 2019: $113,498,157Liabilities 2019: $51,785,935Net Assets 2019: $61,712,2222019Assets 2020: $112,906,279Liabilities 2020: $54,691,906Net Assets 2020: $58,214,3732020Assets 2021: $138,651,339Liabilities 2021: $61,970,039Net Assets 2021: $76,681,3002021Assets 2022: $136,290,911Liabilities 2022: $60,842,156Net Assets 2022: $75,448,7552022Assets 2023: $136,085,164Liabilities 2023: $59,871,963Net Assets 2023: $76,213,2012023Assets 2024: $136,736,799Liabilities 2024: $59,019,938Net Assets 2024: $77,716,8612024Assets 2025: $137,959,501Liabilities 2025: $57,785,673Net Assets 2025: $80,173,8282025

Highlighted filing

2025

Assets$137,959,501
Liabilities$57,785,673
Net Assets$80,173,828

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$60M$40M$20M$0-$20MExpenses 2012: $38,604,1272012Expenses 2013: $39,734,7622013Revenue 2014: $42,877,785Expenses 2014: $40,309,819Net Income 2014: $2,567,9662014Revenue 2015: $53,503,114Expenses 2015: $41,890,337Net Income 2015: $11,612,7772015Revenue 2016: $42,498,640Expenses 2016: $44,073,221Net Income 2016: -$1,574,5812016Revenue 2017: $42,381,356Expenses 2017: $43,366,871Net Income 2017: -$985,5152017Revenue 2018: $42,716,344Expenses 2018: $43,920,946Net Income 2018: -$1,204,6022018Revenue 2019: $52,550,159Expenses 2019: $45,886,531Net Income 2019: $6,663,6282019Revenue 2020: $43,357,363Expenses 2020: $45,074,435Net Income 2020: -$1,717,0722020Revenue 2021: $53,572,867Expenses 2021: $45,871,347Net Income 2021: $7,701,5202021Revenue 2022: $52,389,376Expenses 2022: $49,790,432Net Income 2022: $2,598,9442022Revenue 2023: $51,321,857Expenses 2023: $52,567,274Net Income 2023: -$1,245,4172023Revenue 2024: $54,235,315Expenses 2024: $54,577,324Net Income 2024: -$342,0092024Revenue 2025: $56,348,705Expenses 2025: $55,356,661Net Income 2025: $992,0442025

Highlighted filing

2025

Revenue$56,348,705
Expenses$55,356,661
Net Income$992,044

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$138$57.8$80.2$56.3$55.4$0.99
2024Detailed filing. Detailed filing data is available for this year.$137$59.0$77.7$54.2$54.6$0.34
2023Detailed filing. Detailed filing data is available for this year.$136$59.9$76.2$51.3$52.6$1.25
2022Detailed filing. Detailed filing data is available for this year.$136$60.8$75.4$52.4$49.8$2.60
2021Detailed filing. Detailed filing data is available for this year.$139$62.0$76.7$53.6$45.9$7.70
2020Detailed filing. Detailed filing data is available for this year.$113$54.7$58.2$43.4$45.1$1.72
2019Detailed filing. Detailed filing data is available for this year.$113$51.8$61.7$52.6$45.9$6.66
2018Detailed filing. Detailed filing data is available for this year.$110$53.7$56.1$42.7$43.9$1.20
2017Detailed filing. Detailed filing data is available for this year.$112$55.1$56.7$42.4$43.4$0.99
2016Detailed filing. Detailed filing data is available for this year.$112$56.4$55.5$42.5$44.1$1.57
2015Detailed filing. Detailed filing data is available for this year.$115$55.0$60.4$53.5$41.9$11.6
2014Detailed filing. Detailed filing data is available for this year.$108$57.1$51.2$42.9$40.3$2.57
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$106$58.5$47.4$39.7
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$105$59.7$45.8$38.6
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2024 to Jun 30, 2025
Signed
Feb 4, 2026
Return Version
2024v5.5
Gross Receipts
$67,102,956
Mission and Program Overview

Mission

SEE SCHEDULE O RESPONSE.

Wisconsin lutheran college is a private, four-year liberal arts college.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$74,267,635$72,138,147▼ $2,129,488
Investments Other Securities$30,664,492$33,793,270▲ $3,128,778
Investments in Publicly Traded Securities$17,030,862$19,123,321▲ $2,092,459
Savings and Temporary Cash Investments$9,423,534$7,907,728▼ $1,515,806
Cash and Non-Interest-Bearing Accounts$1,271,873$1,838,563▲ $566,690
Pledges and Grants Receivable$2,155,636$1,010,486▼ $1,145,150
Accounts Receivable$333,356$437,429▲ $104,073
Prepaid Expenses and Deferred Charges$58,539$161,342▲ $102,803
Inventories for Sale or Use$75,410$76,516▲ $1,106
Total Assets$136,736,799$137,959,501▲ $1,222,702
Other Assets Total$1,455,462$1,472,699▲ $17,237
Liabilities
Tax Exempt Bond Liabilities$44,780,000$44,430,000▼ $350,000
Mortgage Notes Payable Secured by Investment Property$12,093,124$11,370,451▼ $722,673
Other Liabilities$959,484$954,574▼ $4,910
Accounts Payable and Accrued Expenses$715,644$552,517▼ $163,127
Deferred Revenue$471,686$478,131▲ $6,445
Total Liabilities$59,019,938$57,785,673▼ $1,234,265
Net Assets / Fund Balance
Net Assets With Donor Restrictions$47,481,921$51,331,223▲ $3,849,302
Net Assets Without Donor Restrictions$30,234,940$28,842,605▼ $1,392,335
Total Net Assets Fund Balance$77,716,861$80,173,828▲ $2,456,967
Total Liabilities and Net Assets / Fund Balance$136,736,799$137,959,501▲ $1,222,702

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$49,939,247$59,630,672$109,569,919
Equipment$3,879,376$18,534,619$22,413,995
Land$16,985,836-$16,985,836
Other Land Buildings$1,284,382$1,393,218$2,677,600
Leasehold Improvements$49,306$151,854$201,160
Other Securities$12,642,003--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2024$46,325,612$613,545▲ $3,542,996$2,400,000$48,082,153
2023$37,825,166$6,625,301▲ $3,333,879$1,458,734$46,325,612
2022$37,381,789$417,707▲ $1,425,670$1,400,000$37,825,166
2021$38,805,458$493,829▼ $517,498$1,400,000$37,381,789
2020$32,330,140$655,881▲ $7,219,437$1,400,000$38,805,458
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Dr Daniel JohnsonPresidentFT$186,152$87,592$273,744
Dr John KolanderProvostFT$110,039$58,492$168,531
Rich Mannisto Thru 033125VP DevelopmentFT$97,402$52,007$149,409
Lucas FaustVP EnrollmentFT$78,265$63,581$141,846
Ryan Oertel Thru 113024VP OperationsFT$85,922$46,353$132,275
Jon Flanagan Thru 123124VP Human ResourcesFT$107,816$21,385$129,201
Diane HoehnkeVP FinanceFT$106,231$14,471$120,702
Jon BocheVP Student LifeFT$62,929$53,342$116,271

Highest Paid Contractors

ContractorServicesLocationCompensation
Trinity Home Group LLCMaintenance/housekeeping8526 S STONE CREEK DR, Oak Creek, WI 53154$2,049,206
Boldyn Networks Higher Ed LLCIt Hardware & Management1905 KRAMER LANE SUITE A100, Austin, TX 78758$2,029,127
Sodexo INCFood Services13555 BISHOPS CT STE 250, Brookfield, WI 53005$1,120,558
Badger CoachesTransportation Services5501 FEMRITE DR, Madison, WI 53718$234,062
Gfc LeasingPrinter/copier Maintenance11021 W LINCOLN AVE, Milwaukee, WI 53227$189,989
Revenue and Support

Revenue Composition

Contributions and Grants
$10,843,409
Program Service Revenue
$41,105,387
Investment Income
$3,616,467
Other Revenue
$783,442
All Other Contributions
$10,427,896
Change in Net Assets
$992,044

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
Yes
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Other Non Cash Contri Table77$30,533Cost
Other Non Cash Contri Table66$25,859Cost
Total Noncash Contributions143$56,392-

Audited Revenue Reconciliation

Revenue per Audited Statements
$37,981,070
Revenue Not Reported on Financial Statements
$18,367,635
Revenue Not Reported on Form 990
$2,129,259
Other Revenue Adjustments
$18,367,635
Total Revenue per Audited Statements
$40,110,329
Total Revenue per Form 990
$56,348,705
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$20,026,959
Grants and Similar Amounts Paid$18,367,635
Salaries, Compensation, and Employee Benefits$16,962,067
Total Fundraising Expense$1,599,078
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$18,367,635--$18,367,635
Other Salaries and Wages$9,677,987$786,711$483,898$10,948,596
All Other Expenses$3,427,169$555,333$186,265$4,168,767
Depreciation Depletion$3,174,946$78,458-$3,253,404
Other Employee Benefits$2,681,462$146,494$120,925$2,948,881
Interest$1,782,001$495,243-$2,277,244
Information Technology$845,100$1,099,263-$1,944,363
Occupancy$1,765,724$112,845-$1,878,569
Office Expenses$936,225$232,391$171,659$1,340,275
Current Officers, Directors, Trustees, and Key Employees$528,281$273,187$434,061$1,235,529
Pension Plan Contributions$818,741$85,886$70,271$974,898
Payroll Taxes$707,938$80,069$66,156$854,163
Travel$560,875-$33,862$594,737
Insurance$377,735--$377,735
Advertising$250,887$74,157-$325,044
Other Expenses$314,963--$314,963
Conferences and Meetings$81,402-$31,981$113,383
Fees for Service Investment Mgmnt Fees-$86,072-$86,072
Fees for Services Accounting-$50,909-$50,909
Fees for Services Legal-$22,828-$22,828
Total Functional Expenses$49,577,737$4,179,846$1,599,078$55,356,661

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$55,356,661
Total Expenses per Audited Statements$37,653,362
Expenses per Audited Statements$36,989,026
Expenses Not Reported on Financial Statements$18,367,635
Other Expense Adjustments$18,367,635
Expenses Not Reported on Form 990$664,336
International Activity

International Summary

Offices
0
Employees
0
Spending
$11,358,018

International Compliance

Foreign grant records maintained
Yes
Activity in boycott countries
No
Foreign corporation ownership
No
Foreign partnership interest
Yes
Interest in foreign trust
No
Passive foreign investment company interest
Yes
Transfers to foreign corporations
Yes

International Activities

RegionActivityServicesOfficesEmployeesSpending
Central America and the CaribbeanInvestments-00$10,503,936
Europe (including Iceland & Greenland)Investments-00$695,514
Central America and the Caribbean - Antigua & Barbuda, Aruba, Bahamas,Program ServicesStudy Tour00$90,975
Sub-saharan AfricaProgram ServicesStudy Tour00$35,121
Europe (including Iceland & Greenland) - Albania, Andorra, Austria, BelgiumProgram ServicesStudy Tour00$27,615
North AmericaProgram ServicesMission Trip00$4,857
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$500,436
Fundraising Gross Income$116,516
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Divine Servant$349,527$55,935$78,473$-22,538
Golf Outing$83,021$25,441$40,764$-15,323
Total Events$532,029$116,516$500,436$-383,920
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Operating Lease Liabilities$559,973
Deposits$220,815
Annuities Payable$153,326
Agency Funds$20,460

Bond Issues

BondIssuerIssuedIssue PricePurpose
AWi Health & Education Facilities Authority2012-02-23$48,850,000Construction and equipping of certain educational facilities

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A$48,850,000--$180,000

Bond Financing Compliance

Form 8038-T filed
Yes
Gross proceeds invested
No
Gross proceeds invested in GIC
No
Corrective action procedures
Yes
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 7A

Election of the board of regents rests with delegates of the conference of member congregations which founded the college.

Form 990, Part VI, Section B, Line 11B

The complete 990 is reviewed by members of the president's cabinet (president and vice presidents) and the chairman of the board of regents.

Form 990, Part VI, Section B, Line 12C

Annually each member of the board (regents) are required to submit an updated statement regarding conflicts of interest.

Form 990, Part VI, Section B, Line 15

Initial compensation and increases for the ceo, executive director or other top management officials is established using cccu and waicu salary studies. Any salary recommendations are discussed at the president's cabinet prior to being reviewed by executive committee of the board of regents for increases over the standard % given to all employees.

Form 990, Part VI, Section C, Line 19

AVAILABLE UPON REQUEST.

Filing and Contact Details

Filer

Filer Name
Wisconsin Lutheran College Inc
EIN
23-7179639
Phone
4144438800
Address
8800 WEST BLUEMOUND ROAD, MILWAUKEE, WI 53226

Signing Officer

Name
Diane Hoehnke
Title
Vice President Finance
Phone
4144438800
Signed
2026-02-04
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Daniel Johnson
Formed
1973
Legal Domicile
Wi
Voting Board Members
37
Independent Board Members
37
Employees
833
Volunteers
100

Preparer

Firm
Sikich LLC
Address
17335 GOLF PARKWAY SUITE 500, BROOKFIELD, WI 53045
Preparer
Jill M Boyle CPA
Phone
2627549400
Supplemental Narrative

Additional Explanations

MISSION STATEMENT - PART III LINE 1:

Wisconsin lutheran college (wlc) is an independent, nationally ranked christian liberal arts college that serves nearly 1,100 traditional undergraduate and graduate students. Wlc prepares students for lives of christian leadership and has been recognized for its academic excellence and superior student experience. Christian faculty work directly with students who benefit from numerous research, service, and co-curricular opportunities designed to enhance academic and spiritual growth within a nurturing and caring environment. Wlc's mission is to provide its students with an education rooted in the liberal arts while aligning with the theological foundation of its conference of congregations and the wisconsin evangelical lutheran synod. The college has been blessed with enrollment growth over the past six years, outpacing many other private colleges and universities.

FORM 990, PART XI, LINE 9:

Change in value of split interest agreements -8,037. Withdrawal over income earned -1,153,043.

Financial Statement Notes

PART V, LINE 4:

Earnings on the endowment are used primarily to fund scholarships for undergraduate students.

PART X, LINE 2:

The college is exempt from federal income tax under section 501(c)(3) of the internal revenue code as other than a private foundation. Accordingly, the college is not subject to federal income taxes except to the extent it derives income from certain activities not substantially related to its tax-exempt purpose (unrelated trade or business activities). The college is also exempt from state income taxes. The college files various federal or state non-profit tax returns. The college is no longer subject to u.s. Federal or state examinations by tax authorities prior to 2021. The college is the sole owner of 8800 concord, llc, which is considered a disregarded entity for tax purposes.

PART XI, LINE 2D - OTHER ADJUSTMENTS:

Change in value of split interest agreements -8,037. Withdrawal over income earned -1,153,043. Fundraising expenses 500,436. Rental expenses 80,282.

PART XI, LINE 4B - OTHER ADJUSTMENTS:

Scholarship expense 18,367,635.

PART XII, LINE 2D - OTHER ADJUSTMENTS:

Fundraising expenses 500,436. Rental expenses 80,282.

PART XII, LINE 4B - OTHER ADJUSTMENTS:

Scholarship expense 18,367,635.

Raw XML AppendixShowing 400 of 1,105 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/ContractorCompensationGrp/ServicesDesc2FOOD SERVICES
IRS990/ContractorCompensationGrp/ServicesDesc3TRANSPORTATION SERVICES
IRS990/ContractorCompensationGrp/ServicesDesc4PRINTER/COPIER MAINTENANCE
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IRS990/Desc0INSTRUCTION AND ACADEMIC SUPPORT: WISCONSIN LUTHERAN COLLEGE OFFERS NATIONALLY RANKED ACADEMIC PROGRAMS IN A CHRISTIAN ENVIRONMENT. STUDENTS PARTICIPATE IN SMALL CLASSES AND RECEIVE ONE-ON-ONE MENTORING FROM PROFESSORS. WLC DOES NOT USE TEACHING ASSISTANTS. THE COLLEGE PREPARES NEARLY 1,100 TRADITIONAL UNDERGRADUATE AND GRADUATE STUDENTS TO BE CHRISTIAN SERVANT LEADERS IN THEIR CHOSEN ACADEMIC FIELDS. TRADITIONAL UNDERGRADUATE STUDENTS CAN CHOOSE TO MAJOR OR MINOR IN VARIOUS PROGRAMS, INCLUDING BUSINESS, NURSING, EDUCATION, SPORT AND EXERCISE SCIENCE, AND BIOLOGY. WLC ALSO OFFERS 11 PRE-PROFESSIONAL PROGRAMS, INCLUDING ATHLETIC TRAINING, CHIROPRACTIC, OCCUPATIONAL THERAPY, LAW, OPTOMETRY, MEDICINE, PHARMACY, PHYSICAL THERAPY, VETERINARY, ENGINEERING, AND DENTAL. THE COLLEGE HAS FORGED PARTNERSHIPS WITH RENOWNED COLLEGES AND UNIVERSITIES ACROSS THE COUNTRY TO PROVIDE DUAL-DEGREE OPPORTUNITIES FOR STUDENTS. DUAL-DEGREE AFFILIATIONS ALLOW STUDENTS TO EARN TWO DEGREES: AN UNDERGRADUATE DEGREE FROM WLC AND A GRADUATE DEGREE FROM ANOTHER COLLEGE OR UNIVERSITY. MANY PROGRAMS OFFER STUDENTS THE ABILITY TO CONDENSE THEIR TIME IN SCHOOL (OFTEN A YEAR OR MORE), SAVING THEM MONEY ON TUITION COSTS AND ALLOWING THEM TO ENTER THE WORKPLACE SOONER. THE DUAL-DEGREE PROGRAMS AT WLC INCLUDE ATHLETIC TRAINING, CHIROPRACTIC CARE, DENTISTRY, ENGINEERING, EXERCISE PHYSIOLOGY, LAW, OCCUPATIONAL THERAPY, OPTOMETRY, OSTEOPATHIC MEDICINE, PHARMACY, PHYSICAL THERAPY, PODIATRY, PUBLIC HEALTH, AND RESPIRATORY CARE.
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