Civic Intelligence

Baldwin Wallace University

990 • Fiscal year 2021 • EIN 34-0714629

Jul 01, 2020 to Jun 30, 2021 • Filed on May 05, 2022

275 Eastland RoadBerea, OH 44017-2088

(440) 826-8102

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

26th percentile

0.11x

Higher debt load relative to assets than 26% of similar nonprofits.

2021 filings • 501(c)3 • $250M-$1B nonprofits • Source year 2021

Liabilities / Revenue

30th percentile

0.29x

Higher debt load relative to revenue than 30% of similar nonprofits.

2021 filings • 501(c)3 • $250M-$1B nonprofits • Source year 2021

Net Margin

27th percentile

1.3%

Higher net margin than 27% of similar nonprofits.

2021 filings • 501(c)3 • $250M-$1B nonprofits • Source year 2021

Top Officer Pay

23rd percentile

$398,068

Higher top officer pay than 23% of similar nonprofits.

Top officer pay equals 0.3% of source-year revenue.

2021 filings • 501(c)3 • $250M-$1B nonprofits • Source year 2021

Asset Growth

42nd percentile

10%

Faster asset growth than 42% of similar nonprofits.

2021 filings • 501(c)3 • $250M-$1B nonprofits • Annualized from 2020 to 2021

Revenue Growth

17th percentile

-2.7%

Faster revenue growth than 17% of similar nonprofits.

2021 filings • 501(c)3 • $250M-$1B nonprofits • Annualized from 2020 to 2021

Assets

Up

$399,770,084

Up $37,238,783 (+10%) from 2020

Net Assets

Up

$356,805,561

Up $42,435,934 (+13%) from 2020

Liabilities

Down

$42,964,523

Down $5,197,151 (-11%) from 2020

Revenue

Down

$147,818,571

Down $4,078,973 (-2.7%) from 2020

Expenses

Down

$145,957,820

Down $3,313,903 (-2.2%) from 2020

Net Income

Down

$1,860,751

Down $765,070 (-29%) from 2020

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$400M$300M$200M$100M$0Assets 2010: $242,437,466Liabilities 2010: $30,044,176Net Assets 2010: $212,393,2902010Assets 2011: $265,585,329Liabilities 2011: $29,492,715Net Assets 2011: $236,092,6142011Assets 2012: $267,451,809Liabilities 2012: $28,018,481Net Assets 2012: $239,433,3282012Assets 2013: $290,788,207Liabilities 2013: $34,515,573Net Assets 2013: $256,272,6342013Assets 2014: $313,751,825Liabilities 2014: $30,750,960Net Assets 2014: $283,000,8652014Assets 2015: $325,699,948Liabilities 2015: $30,240,451Net Assets 2015: $295,459,4972015Assets 2016: $315,264,857Liabilities 2016: $29,710,544Net Assets 2016: $285,554,3132016Assets 2017: $324,416,656Liabilities 2017: $29,001,270Net Assets 2017: $295,415,3862017Assets 2018: $358,237,945Liabilities 2018: $39,721,740Net Assets 2018: $318,516,2052018Assets 2019: $364,193,127Liabilities 2019: $42,741,070Net Assets 2019: $321,452,0572019Assets 2020: $362,531,301Liabilities 2020: $48,161,674Net Assets 2020: $314,369,6272020Assets 2021: $399,770,084Liabilities 2021: $42,964,523Net Assets 2021: $356,805,5612021Assets 2022: $365,601,869Liabilities 2022: $48,409,380Net Assets 2022: $317,192,4892022Assets 2023: $365,225,940Liabilities 2023: $58,105,978Net Assets 2023: $307,119,9622023Assets 2024: $354,112,679Liabilities 2024: $55,082,842Net Assets 2024: $299,029,8372024

Highlighted filing

2021

Assets$399,770,084
Liabilities$42,964,523
Net Assets$356,805,561

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$200M$150M$100M$50M$0-$50MExpenses 2010: $111,424,1972010Expenses 2011: $115,037,8862011Expenses 2012: $117,940,3172012Expenses 2013: $120,289,3442013Revenue 2014: $129,970,026Expenses 2014: $121,770,808Net Income 2014: $8,199,2182014Revenue 2015: $147,552,966Expenses 2015: $128,360,400Net Income 2015: $19,192,5662015Revenue 2016: $130,319,829Expenses 2016: $133,455,183Net Income 2016: -$3,135,3542016Revenue 2017: $144,672,357Expenses 2017: $139,818,371Net Income 2017: $4,853,9862017Revenue 2018: $159,728,363Expenses 2018: $140,450,874Net Income 2018: $19,277,4892018Revenue 2019: $142,460,096Expenses 2019: $145,875,678Net Income 2019: -$3,415,5822019Revenue 2020: $151,897,544Expenses 2020: $149,271,723Net Income 2020: $2,625,8212020Revenue 2021: $147,818,571Expenses 2021: $145,957,820Net Income 2021: $1,860,7512021Revenue 2022: $145,989,109Expenses 2022: $156,931,453Net Income 2022: -$10,942,3442022Revenue 2023: $146,968,314Expenses 2023: $163,225,470Net Income 2023: -$16,257,1562023Revenue 2024: $162,872,834Expenses 2024: $170,875,376Net Income 2024: -$8,002,5422024

Highlighted filing

2021

Revenue$147,818,571
Expenses$145,957,820
Net Income$1,860,751
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
May 5, 2022
Return Version
2020v4.2
Gross Receipts
$180,889,242
Mission and Program Overview

Mission

Baldwin wallace university is an academic community committed to the liberal arts and sciences as the foundation for lifelong learning. The university fulfills this mission through a rigorous academic program that is characterized by excellence in teaching and learning. It maintains a challenging, supportive environment that enhances students' intellectual and spiritual growth. Baldwin wallace assists students in their preparation to become contributing, compassionate citizens of an increasingly global society and encourages their pursuit of personal and professional excellence.

Baldwin wallace university provides undergraduate higher education leading to (see schedule o) the bachelor degree, and graduate education at the masters level in six fields.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$152,552,594$180,101,061▲ $27,548,467
Land, Buildings, and Equipment, Net$155,401,384$162,495,520▲ $7,094,136
Investments Other Securities$6,841,749$11,453,156▲ $4,611,407
Pledges and Grants Receivable$10,743,586$10,048,673▼ $694,913
Savings and Temporary Cash Investments$9,916,556$3,992,374▼ $5,924,182
Accounts Receivable$4,069,739$3,571,122▼ $498,617
Investments Program Related$3,008,669$2,508,375▼ $500,294
Cash and Non-Interest-Bearing Accounts$1,682,103$1,513,963▼ $168,140
Inventories for Sale or Use$1,540,965$1,505,854▼ $35,111
Prepaid Expenses and Deferred Charges$870,479$594,768▼ $275,711
Total Assets$362,531,301$399,770,084▲ $37,238,783
Other Assets Total$15,903,477$21,985,218▲ $6,081,741
Liabilities
Unsecured Notes Loans Payable$12,759,187$17,205,107▲ $4,445,920
Other Liabilities$10,960,175$9,798,748▼ $1,161,427
Tax Exempt Bond Liabilities$10,080,000$8,930,000▼ $1,150,000
Accounts Payable and Accrued Expenses$6,392,148$5,128,858▼ $1,263,290
Deferred Revenue$7,970,164$1,901,810▼ $6,068,354
Total Liabilities$48,161,674$42,964,523▼ $5,197,151
Net Assets / Fund Balance
Net Assets With Donor Restrictions$214,184,822$234,047,547▲ $19,862,725
Net Assets Without Donor Restrictions$100,184,805$122,758,014▲ $22,573,209
Total Net Assets Fund Balance$314,369,627$356,805,561▲ $42,435,934
Total Liabilities and Net Assets / Fund Balance$362,531,301$399,770,084▲ $37,238,783

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$128,814,365$128,635,408$254,423,883
Equipment$15,539,537$17,568,514$33,108,051
Land$18,141,618-$18,141,618
Other Assets Org$1,788,182--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2020$152,459,959$2,852,061▲ $39,246,818$5,970,032$185,684,102
2019$154,306,179$1,876,687▲ $5,416,544$6,344,721$152,459,959
2018$152,280,124$1,541,945▲ $9,696,989$6,573,305$154,306,179
2017$144,510,331$5,504,026▲ $10,330,421$5,565,604$152,280,124
2016$131,539,277$3,147,903▲ $16,870,041$4,746,540$144,510,331
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Robert C HelmerPresidentFT$347,656$50,412$398,068
Richard L FletcherFormer Senior Vice PresidentFT$303,053$7,801$310,854
Patrick J DunlavyV.p. for Phianthropy & AlumnFT$205,283$19,660$224,943
Trina DobbersteinFormer V.p. for Student AffairsFT$201,419$16,309$217,728
Stephen D StahlProvostFT$184,464$30,311$214,775
Joseph HrubyProfessorFT$196,514$9,406$205,920
William M ReniffV.p. for Finance & Admin.FT$179,611$21,026$200,637
Jared PenningtonProfessor, Program DirectorFT$165,968$33,950$199,918
Colleen ViscontiProfessor, Comm ScienceFT$173,325$22,050$195,375
Scott SchulzV.p. for Enrollment MngmtFT$179,387$11,931$191,318
Linda ChaseProfessor, Department ChairFT$148,616$18,185$166,801
Thomas CampanellaProfessor, Program DirectorFT$147,439$12,465$159,904

Highest Paid Contractors

ContractorServicesLocationCompensation
Albert M Higley CompanyConstruction3636 EUCLID AVENUE, Clevelane, OH 44115$14,955,701
North Shore MechanicalConstruction55 LOU GROZA BLVD, Berea, OH 44017$1,528,100
EllucianIt Consultant2003 EDMUND HALLEY DRIVE, Reston, VA 20191$464,611
Dell Marketing LLPIt ConsultantONE DELL WAY, Round Rock, TX 78682$183,607
Ogletree Deakins Nash SmoakLegal50 INTL DR 200, Greenville, SC 29615$150,286
Revenue and Support

Revenue Composition

Contributions and Grants
$24,496,090
Program Service Revenue
$109,997,388
Investment Income
$6,101,374
Other Revenue
$7,223,719
All Other Contributions
$10,893,199
Change in Net Assets
$1,860,751

Noncash Contribution Practices

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

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded40$780,425Fair Market Value (FMV)
Other Non Cash Contri Table6$12,400Expert Opinion
Other Non Cash Contri Table1$3,500Expert Opinion
Total Noncash Contributions47$796,325-

Audited Revenue Reconciliation

Revenue per Audited Statements
$95,678,009
Revenue Not Reported on Financial Statements
$52,140,562
Revenue Not Reported on Form 990
$40,575,183
Other Revenue Adjustments
$52,140,562
Total Revenue per Audited Statements
$136,253,192
Total Revenue per Form 990
$147,818,571
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$60,850,512
Grants and Similar Amounts Paid$52,140,562
Other Expenses$32,944,096
Total Fundraising Expense$1,848,987
Professional Fundraising Fees$22,650

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$52,140,562--$52,140,562
Other Salaries and Wages$37,682,050$6,620,520$847,960$45,150,530
Depreciation Depletion$9,971,678$446,088$38,689$10,456,455
Other Employee Benefits$7,730,376$1,658,395$279,071$9,667,842
Occupancy-$7,624,504-$7,624,504
Payroll Taxes$2,666,983$637,055$109,310$3,413,348
All Other Expenses$1,353,479$1,451,451$47,781$2,852,711
Information Technology$1,669,647$896,531$89,549$2,655,727
Office Expenses$1,590,906$605,582$60,780$2,257,268
Current Officers, Directors, Trustees, and Key Employees$18,965$1,107,575$244,483$1,371,023
Pension Plan Contributions$974,931$232,879$39,959$1,247,769
Interest-$892,976-$892,976
Insurance$205,921$537,921-$743,842
Advertising-$696,731-$696,731
Travel$497,491$63,812$12,724$574,027
Fees for Services Other$285,832$187,750-$473,582
Fees for Service Investment Mgmnt Fees-$238,932-$238,932
Fees for Services Accounting-$150,000-$150,000
Fees for Services Legal-$99,434-$99,434
Conferences and Meetings$55,710$4,850$730$61,290
Royalties$54,748--$54,748
Fees for Services Professional Fundraising--$22,650$22,650
Other Expenses$11,091,634$-11,135,289$43,655$0
Total Functional Expenses$128,105,383$16,003,450$1,848,987$145,957,820

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$145,957,820
Expenses per Audited Statements$93,817,258
Total Expenses per Audited Statements$93,817,258
Expenses Not Reported on Financial Statements$52,140,562
Other Expense Adjustments$52,140,562
Expenses Not Reported on Form 990$0
International Activity

International Summary

Offices
0
Employees
0
Spending
$6,957,296

International Compliance

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

International Activities

RegionActivityServicesOfficesEmployeesSpending
Central America and the Caribbean - Antigua & Barbuda, Aruba, Bahamas,Investment-00$6,957,296
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
Yes

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$22,650
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Annuity Obligations$3,974,134
Lease Obligations$1,788,182
US Gov. Advances for Perkins Loans$1,453,311
Funds Held for Student Groups$1,014,138
Asset Impairment Estimate$1,003,171
Employee Separation Incentives$565,812

Bond Issues

BondIssuerIssuedIssue PricePurpose
ABaldwin Wallace University2012-11-29-RENOVATION AND REFUNDING

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A$16,853,660--$152,328

Bond Financing Compliance

No rebate due
No
Rebate not yet due
No
Form 8038-T filed
No
Gross proceeds invested in GIC
No
Exception to rebate
Yes
Corrective action procedures
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
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
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 1

Delegation of authority the executive committee acts for the board when the board is not in session in all matters except election of board officers and appointment of the president of the university. It consists of the officers of the board, committee chairs, the president of the university, and may include at large members.

Form 990, Part VI, Section A, Line 2

Family relationships trustees mark h. Summers and william b. Summers, jr. Are brothers

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

Review process the vice president for finance and administration performs an initial, detailed review of the form 990 draft. He then sends a copy to each board member for review and comment. This is prior to filing.

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

Conflict of interest policy monitoring & enforcement all members of the board of trustees must submit annually a written and signed statement disclosing any situation which may be, or may be considered to be, a conflict of interest as defined in the conflict of interest policy. If they have nothing to report, they must check a printed statement to that effect. The vice president for finance and administration reviews the conflict of interest statements.

Form 990, Part VI, Section B, Line 15

Process for determining compensation the compensation and executive committees of the board of trustees review and approve the compensation for all officers annually. The compensation committee meets first with the vice president for finance and administration, who provides it with comparability data and answers questions. The compensation committee then meets with the president of the university (the university's top management official), to discuss his performance, receive the president's views of the performance, and to review recommendations of appropriate compensation levels for the officers of the university other than himself. The compensation committee then continues in executive session to set the compensation for the president and to approve (with adjustment if considered appropriate) the recommendations of the president regarding the compensation of the following officers of the university: provost, vp for student affairs, vp for finance and administration, vp for enrollment management, and the vp for philanthropy and alumni engagement. The compensation committee then reports its conclusions and the basis therefore, to the executive committee of the board of trustees, which has final approval authority with respect to compensation determination. The committees last met on compensation matters in 2021.

Form 990, Part VI, Section C, Line 19

How documents are made available to the public baldwin wallace university makes its financial statements and conflict of interest policy available to the public on its own website. The university provides a paper copy of its bylaws to anyone who asks.

Filing and Contact Details

Filer

Filer Name
Baldwin Wallace University
EIN
34-0714629
Phone
4408268102
Address
275 EASTLAND ROAD, BEREA, OH 44017-2088

Signing Officer

Name
Sharon Vitaz
Title
Controller
Phone
4408268102
Signed
2022-05-05
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Robert C Helmer
Formed
1842
Legal Domicile
Oh
Voting Board Members
47
Independent Board Members
47
Employees
2,598
Volunteers
100

Preparer

Firm
Grant Thornton Llp
Address
2001 MARKET STREET STE 700, PHILADELPHIA, PA 19103
Preparer
Alycia Solecki
Phone
2155614200
Supplemental Narrative

Financial Statement Notes

PART III, LINE 1A:

Financial statement footnote contributions...except that contributions of works of art, historical treasures, and similar assets held as part of collections are not recognized or capitalized. The university received no such gifts during the tax year.

PART III, LINE 4:

Description of organization's collections the university's art collection consists of paintings, drawings, sculptures, lithographs, engravings, and woodcuts. The university has an art department that uses these materials in instruction and scholarly research.

PART V, LINE 4:

Intended uses of endowment funds the consistent uses of the university's endowment are to provide funds for faculty salaries, the purchase of library books and other media, financial aid grants to enrolled students, and general support.

PART X, LINE 2:

Fin 48 (asc 740) footnote the university uses a more-likely-than-not recognition threshold and measurement attribute for the financial statement recognition and measurement of a tax position taken or expected to be taken. Tax provisions are evaluated for recognition, derecognition, and measurement using consistent criteria about the uncertainty in income tax assets and liabilities. Based on university's evaluation, no provision for uncertain tax positions is required as of june 30, 2021 and 2020.

PART XI, LINE 4B - OTHER ADJUSTMENTS:

Financial aid grants to enrolled students 52,140,562.

PART XII, LINE 4B - OTHER ADJUSTMENTS:

Tuition revenue covered by financial aid grants 52,140,562.

Raw XML AppendixShowing 400 of 1,437 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/Desc0EDUCATION OF 2,712 FULL-TIME UNDERGRADUATE STUDENTS, 149 PART-TIME UNDERGRADUATES, AND 539 GRADUATE STUDENTS, PLUS CERTIFICATE PROGRAMS AND FACULTY SCHOLARLY RESEARCH. UNDERGRADUATE DEGREES OFFERED ARE THE BACHELOR OF ARTS, BACHELOR OF FINE ARTS, BACHELOR OF SCIENCE, BACHELOR OF SCIENCE IN EDUCATION, BACHELOR OF MUSIC, BACHELOR OF MUSIC EDUCATION, AND ACCELERATED BACHELOR OF SCIENCE IN NURSING. THE GRADUATE PROGRAMS LEAD TO THE DEGREES OF MASTER OF ACCOUNTANCY, MASTER OF ARTS IN EDUCATION, MASTER OF ARTS IN MANAGEMENT, MASTER OF BUSINESS ADMINISTRATION, MASTER OF MEDICAL SCIENCE (PHYSICIAN ASSISTANT), MASTER OF PUBLIC HEALTH, AND MASTER OF SCIENCE (SPEECH LANGUAGE PATHOLOGY, FINANCE).
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IRS990/Form990PartVIISectionAGrp/PersonNm20SUSAN BIXLER

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$354$55.1$299$163$171$8.00
2023Detailed filing. Detailed filing data is available for this year.$365$58.1$307$147$163$16.3
2022Detailed filing. Detailed filing data is available for this year.$366$48.4$317$146$157$10.9
2021Detailed filing. Detailed filing data is available for this year.$400$43.0$357$148$146$1.86
2020Detailed filing. Detailed filing data is available for this year.$363$48.2$314$152$149$2.63
2019Detailed filing. Detailed filing data is available for this year.$364$42.7$321$142$146$3.42
2018Detailed filing. Detailed filing data is available for this year.$358$39.7$319$160$140$19.3
2017Detailed filing. Detailed filing data is available for this year.$324$29.0$295$145$140$4.85
2016Detailed filing. Detailed filing data is available for this year.$315$29.7$286$130$133$3.14
2015Detailed filing. Detailed filing data is available for this year.$326$30.2$295$148$128$19.2
2014Detailed filing. Detailed filing data is available for this year.$314$30.8$283$130$122$8.20
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$291$34.5$256$120
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$267$28.0$239$118
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$266$29.5$236$115
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$242$30.0$212$111