Civic Intelligence

Wheaton College

990 • Fiscal year 2017 • EIN 36-2182171

Jul 01, 2016 to Jun 30, 2017 • Filed on May 08, 2018

501 College AvenueWheaton, IL 60187

(630) 752-5970

Siviq Scores

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

Liabilities / Assets

34th percentile

0.20x

Higher debt load relative to assets than 34% of similar nonprofits.

2017 filings • 501(c)3 • $250M-$1B nonprofits • Source year 2017

Liabilities / Revenue

76th percentile

1.00x

Higher debt load relative to revenue than 76% of similar nonprofits.

2017 filings • 501(c)3 • $250M-$1B nonprofits • Source year 2017

Net Margin

71st percentile

12%

Higher net margin than 71% of similar nonprofits.

2017 filings • 501(c)3 • $250M-$1B nonprofits • Source year 2017

Top Officer Pay

30th percentile

$538,837

Higher top officer pay than 30% of similar nonprofits.

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

2017 filings • 501(c)3 • $250M-$1B nonprofits • Source year 2017

Asset Growth

63rd percentile

9.1%

Faster asset growth than 63% of similar nonprofits.

2017 filings • 501(c)3 • $250M-$1B nonprofits • Annualized from 2016 to 2017

Revenue Growth

36th percentile

2.5%

Faster revenue growth than 36% of similar nonprofits.

2017 filings • 501(c)3 • $250M-$1B nonprofits • Annualized from 2016 to 2017

Assets

Up

$854,770,465

Up $71,501,149 (+9.1%) from 2016

Net Assets

Up

$681,375,273

Up $64,110,388 (+10%) from 2016

Liabilities

Up

$173,395,192

Up $7,390,761 (+4.5%) from 2016

Revenue

Up

$173,359,454

Up $4,217,232 (+2.5%) from 2016

Expenses

Up

$153,098,738

Up $5,872,430 (+4.0%) from 2016

Net Income

Down

$20,260,716

Down $1,655,198 (-7.6%) from 2016

Historical Trend

Balance Sheet Trend

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

$1.5B$1.0B$500M$0Assets 2010: $624,743,387Liabilities 2010: $164,943,136Net Assets 2010: $459,800,2512010Assets 2011: $673,976,723Liabilities 2011: $163,406,858Net Assets 2011: $510,569,8652011Assets 2012: $666,495,230Liabilities 2012: $164,870,053Net Assets 2012: $501,625,1772012Assets 2013: $722,655,968Liabilities 2013: $167,881,385Net Assets 2013: $554,774,5832013Assets 2014: $794,346,316Liabilities 2014: $169,366,166Net Assets 2014: $624,980,1502014Assets 2015: $803,722,890Liabilities 2015: $167,045,822Net Assets 2015: $636,677,0682015Assets 2016: $783,269,316Liabilities 2016: $166,004,431Net Assets 2016: $617,264,8852016Assets 2017: $854,770,465Liabilities 2017: $173,395,192Net Assets 2017: $681,375,2732017Assets 2018: $903,412,441Liabilities 2018: $170,462,058Net Assets 2018: $732,950,3832018Assets 2019: $930,846,496Liabilities 2019: $164,766,994Net Assets 2019: $766,079,5022019Assets 2020: $933,202,060Liabilities 2020: $171,755,986Net Assets 2020: $761,446,0742020Assets 2021: $1,105,725,018Liabilities 2021: $178,713,717Net Assets 2021: $927,011,3012021Assets 2022: $1,009,461,058Liabilities 2022: $195,617,538Net Assets 2022: $813,843,5202022Assets 2023: $1,048,214,568Liabilities 2023: $190,453,052Net Assets 2023: $857,761,5162023Assets 2024: $1,104,861,704Liabilities 2024: $180,633,832Net Assets 2024: $924,227,8722024

Highlighted filing

2017

Assets$854,770,465
Liabilities$173,395,192
Net Assets$681,375,273

Operations Trend

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

$300M$200M$100M$0Expenses 2010: $124,096,8492010Expenses 2011: $126,730,4212011Expenses 2012: $130,325,3862012Expenses 2013: $136,475,2662013Revenue 2014: $187,258,956Expenses 2014: $137,100,353Net Income 2014: $50,158,6032014Revenue 2015: $179,537,824Expenses 2015: $142,499,175Net Income 2015: $37,038,6492015Revenue 2016: $169,142,222Expenses 2016: $147,226,308Net Income 2016: $21,915,9142016Revenue 2017: $173,359,454Expenses 2017: $153,098,738Net Income 2017: $20,260,7162017Revenue 2018: $190,097,750Expenses 2018: $155,118,932Net Income 2018: $34,978,8182018Revenue 2019: $212,894,342Expenses 2019: $160,312,654Net Income 2019: $52,581,6882019Revenue 2020: $176,853,672Expenses 2020: $162,031,167Net Income 2020: $14,822,5052020Revenue 2021: $280,776,360Expenses 2021: $163,618,905Net Income 2021: $117,157,4552021Revenue 2022: $231,489,050Expenses 2022: $169,298,848Net Income 2022: $62,190,2022022Revenue 2023: $181,635,763Expenses 2023: $175,303,151Net Income 2023: $6,332,6122023Revenue 2024: $206,496,165Expenses 2024: $184,983,837Net Income 2024: $21,512,3282024

Highlighted filing

2017

Revenue$173,359,454
Expenses$153,098,738
Net Income$20,260,716
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
May 8, 2018
Return Version
2016v3.0
Gross Receipts
$390,833,948
Mission and Program Overview

Mission

Wheaton College serves Jesus Christ and advances His kingdom through excellence in liberal arts and graduate programs that educate the whole person to build the church and benefit society worldwide.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$479,396,082$538,907,458▲ $59,511,376
Land, Buildings, and Equipment, Net$190,515,222$203,980,027▲ $13,464,805
Investments Other Securities$54,709,211$52,609,539▼ $2,099,672
Savings and Temporary Cash Investments$32,081,151$33,450,224▲ $1,369,073
Other Notes and Loans Receivable, Net$8,015,589$7,740,562▼ $275,027
Prepaid Expenses and Deferred Charges$3,714,017$3,842,459▲ $128,442
Pledges and Grants Receivable$4,411,148$3,652,428▼ $758,720
Accounts Receivable$1,373,453$2,554,676▲ $1,181,223
Investments Program Related$2,248,631$970,202▼ $1,278,429
Inventories for Sale or Use$729,962$867,405▲ $137,443
Receivables From Officers Etc$112,633$99,860▼ $12,773
Receivable From Disqualified Prsn$0$0→ $0
Intangible Assets$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$783,269,316$854,770,465▲ $71,501,149
Other Assets Total$5,962,217$6,095,625▲ $133,408
Liabilities
Other Liabilities$108,573,860$111,655,299▲ $3,081,439
Unsecured Notes Loans Payable$42,000,000$41,862,285▼ $137,715
Accounts Payable and Accrued Expenses$11,289,851$15,824,294▲ $4,534,443
Deferred Revenue$4,140,720$4,053,314▼ $87,406
Total Liabilities$166,004,431$173,395,192▲ $7,390,761
Net Assets / Fund Balance
Unrestricted Net Assets$258,307,221$274,561,089▲ $16,253,868
Temporarily Rstr Net Assets$199,197,398$240,292,896▲ $41,095,498
Permanently Rstr Net Assets$159,760,266$166,521,288▲ $6,761,022
Total Net Assets Fund Balance$617,264,885$681,375,273▲ $64,110,388
Total Liabilities and Net Assets / Fund Balance$783,269,316$854,770,465▲ $71,501,149

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$139,907,631$126,286,527$266,194,158
Equipment$18,454,731$37,120,316$55,575,047
Land$26,620,316-$26,620,316
Other Land Buildings$16,926,309$5,199,177$22,125,486
Leasehold Improvements$2,071,040$427,582$2,498,622
Other Securities$52,609,539--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2016$388,033,000$4,647,000▲ $76,988,000$5,427,000$446,376,000
2015$409,613,000$5,071,000▼ $9,440,000$0$388,033,000
2014$405,027,000$3,952,000▲ $16,703,000$0$409,613,000
2013$352,506,000$9,610,000▲ $57,963,000$0$405,027,000
2012$312,802,000$12,103,000▲ $42,383,000$0$352,506,000
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
-President/DirectorFT$360,569$178,268$538,837
-VP for Finance, Operations & TreasurerFT$223,415$134,385$357,800
-VP for Advancement and Alumni RelationsFT$203,105$58,070$261,175
-Former ProvostFT$186,290$59,482$245,772
-Investment ManagerFT$164,188$74,293$238,481
-Vice President - Student DevelopmentFT$147,313$63,920$211,233
-Dean - Conservatory/Arts/CommunicationFT$131,228$57,966$189,194
-Director of Human ResourcesFT$118,492$64,220$182,712
-Chief Information OfficerFT$150,413$30,265$180,678
-Associate Professor/Endowed Kvamme ChairFT$115,388$60,711$176,099
-Director Gift Plan Svc/Legal CounslFT$133,269$36,898$170,167
-Dean , Natural & Social SciencesFT$139,710$20,973$160,683
-Provost began 6/1/16FT$107,685$27,331$135,016

Board Members and Trustees

NameTitle
-Chairman/Director
-Vice Chair/Director
-Director/Trustee
-Director/Trustee (until 3/15/17)
-Secretary/Director

Highest Paid Contractors

ContractorServicesLocationCompensation
Mortenson Construction CompanyConstruction25 NORTHWEST POINT BLVD, STE 100, Elk Grove Village, IL 60007$8,900,221
Bon AppetitFood Service421 CHASE STREET, SUITE 705, Wheaton, IL 60187$5,712,603
Fgm Architects INCArchitects1211 WEST 22ND ST, Oak Brook, IL 60523$1,661,479
Kroeschell Engineering INCEngineering Solutions3222 N KENNICOTT AVE, Arlington Heights, IL 60004$1,378,001
Kinsale Contracting Group INCDemolition Contractors648 BLACKHAWK DR, Westmont, IL 60559$1,268,264
Revenue and Support

Revenue Composition

Contributions and Grants
$27,339,674
Program Service Revenue
$118,638,132
Investment Income
$25,824,092
Other Revenue
$1,557,556
All Other Contributions
$26,423,290
Change in Net Assets
$20,260,716

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
Securities Publicly Traded97$1,895,047Market value
Other Non Cash Contri Table4$59,500Market value
Books and Publications-$21,995Cost
Other Non Cash Contri Table5$18,670Cost
Other Non Cash Contri Table7$14,373Cost
Other Non Cash Contri Table13$7,947Cost
Other Non Cash Contri Table7$2,663Cost
Cars and Other Vehicles1$1,831Market value
Total Noncash Contributions134$2,022,026-

Audited Revenue Reconciliation

Revenue per Audited Statements
$142,620,559
Revenue Not Reported on Financial Statements
$30,738,895
Revenue Not Reported on Form 990
$52,047,394
Other Revenue Adjustments
$30,738,895
Total Revenue per Audited Statements
$194,667,953
Total Revenue per Form 990
$173,359,454
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$75,506,502
Other Expenses$45,623,114
Grants and Similar Amounts Paid$31,953,122
Total Fundraising Expense$4,738,628
Professional Fundraising Fees$16,000

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$44,536,901$7,521,963$2,012,745$54,071,609
Grants to Domestic Individuals$30,738,895--$30,738,895
Other Employee Benefits$9,569,524$2,263,851$487,116$12,320,491
Depreciation Depletion$9,735,170$353,244$84,553$10,172,967
Fees for Services Other$6,296,686$1,998,553$26,990$8,322,229
Office Expenses$6,501,914$768,012$95,440$7,365,366
Occupancy$4,063,630$1,169,458$13,463$5,246,551
Payroll Taxes$2,920,782$690,966$148,676$3,760,424
Travel$2,759,060$132,973$233,935$3,125,968
Pension Plan Contributions$2,410,845$570,331$122,719$3,103,895
All Other Expenses$800,920$910,150$726,263$2,437,333
Interest$2,061,182$189,278$0$2,250,460
Current Officers, Directors, Trustees, and Key Employees$488,165$1,426,974$334,944$2,250,083
Insurance$706,417$878,420$0$1,584,837
Information Technology$1,099,491$263,689$56,505$1,419,685
Grants to Domestic Orgs$1,214,227--$1,214,227
Advertising$550,153$106,525$326,436$983,114
Fees for Services Legal$42,513$361,802$4,111$408,426
Conferences and Meetings$275,070$96,606$0$371,676
Other Expenses$147,488$123,264$10,200$280,952
Fees for Services Accounting$0$187,391$0$187,391
Fees for Services Professional Fundraising--$16,000$16,000
Fees for Service Investment Mgmnt Fees$0$12,366$0$12,366
Total Functional Expenses$127,984,735$20,375,375$4,738,628$153,098,738

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$153,098,738
Total Expenses per Audited Statements$130,922,537
Expenses per Audited Statements$122,359,843
Expenses Not Reported on Financial Statements$30,738,895
Other Expense Adjustments$30,738,895
Expenses Not Reported on Form 990$8,562,694
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Faith Christian High SchoolWilliams Bay, WI501 ( C ) (3)Love Learn Lead Initiative & General Operating Support$75,000
Biola UniversityLa Mirada, CA501 ( C ) (3)Endowed Scholarship$50,000
Grace Presbyterian Church of the North ShoreWinnetka, IL501 ( C ) (3)General Operating Support$50,000
Kensington Community ChurchTroy, MI501 ( C ) (3)Everyone Capital Campaign$46,059
Covenant Church of NaplesNaples, FL501 ( C ) (3)Faith Promise Missions$43,625
El Shaddai Ministries International (esmi)Miami, FL501 ( C ) (3)Hurricane Matthew relief$25,000
National Christian Charitable FoundationAlpharetta, GA501 ( C ) (3)Together Chicago Initiative$25,000
Cornerstone Community ChurchPhiladelphia, PA501 ( C ) (3)Various church ministries$21,000
Wheaton Bible ChurchWest Chicago, IL501 ( C ) (3)Thrive Ministries$20,200
Emmaus Bible CollegeDubuque, IA501 ( C ) (3)Emmaus/ General Fund$20,000
Seattle Pacific UniversitySeattle, WA501 ( C ) (3)Endowed Scholarship$20,000
Outreach Community MinistriesWheaton, IL501 ( C ) (3)Lake Geneva Youth Camp Scholarship Fund & General operating support$16,500
Theology of Work ProjectCambridge, MA501 ( C ) (3)Connecting the Bible to Everyday Work & General Operating Support$15,000
College ChurchWheaton, IL501 ( C ) (3)Pioneer Clubs$10,500
Focus New England Boarding SchoolsWest Hartford, CT501 ( C ) (3)Rob Lofberg Ministry$10,000
H E Butt Family FoundationKerrville, TX501 ( C ) (3)Memorial$10,000
Hope Works Community DevelopmentChicago, IL501 ( C ) (3)Equip individuals in the Woodlawn area to address issues of poverty and unemployment$10,000
Lake Geneva FoundationLake Geneva, WI501 ( C ) (3)Memorial$10,000
New Life RanchColcord, OK501 ( C ) (3)Memorial$10,000
Redeemer Presbyterian ChurchAlgonquin, IL501 ( C ) (3)Rise Campaign$10,000
Westlawn Youth NetworkChicago, IL501 ( C ) (3)Memorial$10,000
Elam MinistriesAlpharetta, GA501 ( C ) (3)Strengthen and expand the church in Iran and beyond$9,000
Sim USA IncorporatedCharlotte, NC501 ( C ) (3)Ethiopia support$6,900
Christian Communications Inc of USAHouston, TX501 ( C ) (3)CCL Literature training$6,500
Berean Missional ChurchSaint Paul, MN501 ( C ) (3)Raise up leaders to fight poverty and to provide hope$6,200
Pulpit Rock ChurchColorado Springs, CO501 ( C ) (3)General Operating Support and Springs Rescue Mission$6,200

International Summary

Offices
0
Employees
0
Spending
$1,108,456

International Compliance

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

International Activities

RegionActivityServicesOfficesEmployeesSpending
Middle East and North AfricaProgram ServicesStudy/ Humanitarian Projects00$335,592
Europe (Including Iceland and Greenland)Program ServicesStudy/ Humanitarian Projects00$309,871
Sub-Saharan AfricaProgram ServicesStudy/ Humanitarian Projects00$206,935
East Asia and the PacificProgram ServicesStudy/ Humanitarian Projects00$125,675
Central America and the CaribbeanProgram ServicesStudy/ Humanitarian Projects00$70,564
North America (Canada & Mexico only)Program ServicesHumanitarian Projects00$42,844
South AmericaProgram ServicesStudy/ Humanitarian Projects00$14,139
South AsiaProgram ServicesHumanitarian Projects00$2,836
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
Yes

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$16,000
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
-Key employee/ Investment managerSister Karen Belling is the Director of Financial Aid at Wheaton CollegeNo$97,161
-PresidentBrother-in-law Jeffrey Beaird is a network/systems engineer at Wheaton College.No$70,010
-TrusteeSon-in-law Adam Wood is an Assistant Professor in Philosophy at Wheaton College.No$59,170
-TrusteeDaughter-in-law Rebecca Meyer is a Ministry Associate in the Chaplain's Office at Wheaton College.No$27,725
-Key employee/ Investment managerSpouse Laurel Larson is the CMCA coordinator for the Billy Graham Center for Evangelism.No$14,801

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Officers, Directors, Trustees, and Key Employees$112,633$99,860▼ $12,773
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Obligations Under Annuities, Split-intrst Agreements, Other Trst Beneficiaries$90,836,814
Postretirement Benefits Obligation$8,580,365
Interest Rate Swap Agreement$4,976,961
Refundable U.s. Government Grants for Student Loans$4,041,482
Asset Retirement Obligation$2,239,809
Deposits$979,868
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
Yes
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, Line 8B Documentation of meetings held by committees of governing body

The organization's governing body does not delegate the authority to act on its behalf to committees and therefore has answered this question "no" in accordance with the Form 990 instructions.

Form 990, Part VI, Line 11B Review of form 990 by governing body

The Controller and the VP for Finance review the Form 990 with the paid tax preparer before it is filed with the IRS. After their review, it is presented to the finance committee of the Board of Trustees. All Board members receive a copy of the Form 990 prior to filing the return with the IRS.

Form 990, Part VI, Line 12C Conflict of interest policy

Officers, trustees and key employees are annually asked to reveal any potential conflicts of interest. Each interested person is provided a questionnaire electronically to be reviewed. The Controller reviews the questionnaires to determine if any potential conflict exists and is required to be disclosed on the Form 990. If a conflict exists, the Board member is asked to abstain from voting on the issue of which they have a conflict.

Form 990, Part VI, Line 15A Process to establish compensation of top management official

The Compensation Committee of the Board reviews and approves the President's compensation. The review includes outside compensation surveys, studies prepared by internal staff and an independent compensation consultant as well as Form 990's of similar educational institutions. This process is undertaken annually and documented in the meeting minutes of the Compensation Committee.

Form 990, Part VI, Line 15B Process to establish compensation of other employees

The Compensation Committee also reviews and approves the compensation for the VP for Finance, the VP for Student Development, the Provost and for the VP for Advancement. The reviews utilize compensation data from Form 990's of similar educational institutions. This process is undertaken annually and is documented in the meeting minutes of the Compensation Committee.

Form 990, Part VI, Line 19 Required documents available to the public

The College's financial statements are available on our website. Governing documents and conflict of interest policies are not required disclosures pursuant to Internal Revenue Code (IRC) Section 6104. These documents are not available to the public at this time.

Filing and Contact Details

Filer

Filer Name
Wheaton College
EIN
36-2182171
Phone
6307525970
Address
501 College Avenue, Wheaton, IL 60187

Signing Officer

Name
Dale A Kemp
Title
VP-finance, Ops & Treas
Signed
2018-05-08
Discuss with paid preparer
Yes

Organization Details

Formed
1860
Legal Domicile
Il
Voting Board Members
20
Independent Board Members
17
Employees
3,171
Volunteers
102

Preparer

Firm
Crowe Horwath Llp
Address
225 West Wacker Drive Suite 2600, Chicago, IL 60606-1224
Preparer
Nicole Bencik
Phone
3128997000
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 4D Description of other program services

(Expenses $ 3,265,580 including grants of $ 1,214,227)(Revenue $ 9,228,162) ARTIST SERIES, THE COMMUNITY SCHOOL OF THE ARTS AND SUMMER SPORTS CAMPS. MINOR PROGRAMS, APPLICATION FEES, TUITION INSTALLMENT PLAN FEES, PARKING FINES, PARKING PERMITS AND LIBRARY FINES. THE COLLEGE SOLICITS A VARIETY OF CONTRIBUTIONS FOR ITS PROGRAMS INCLUDING DONOR-ADVISED FUNDS. DONOR-ADVISED FUND CONTRIBUTIONS RECEIVED ARE ACCOUNTED FOR AS OTHER INVESTMENTS. DONOR-ADVISED FUNDS ALLOW FOR THE DONOR TO RECOMMEND DISTRIBUTIONS TO COLLEGE PROGRAMS OR OTHER CHARITABLE ORGANIZATIONS. ALTHOUGH THE COLLEGE GENERALLY COMPLIES WITH THE DONOR'S RECOMMENDATION, THEY ARE SUBJECT TO APPROVAL BY THE COLLEGE'S CHARITY SELECTION COMMITTEE. THE COLLEGE'S POLICY IS TO DISTRIBUTE A MAXIMUM OF 75% - 90% OF DONOR-ADVISED FUND CONTRIBUTIONS TO UNRELATED THIRD PARTIES.

Form 990, Part XI, Line 9 Other changes in net assets or fund balances

CHANGE IN THE VALUE OF ANNUITIES - -8346800; CHANGE IN THE VALUE OF THE BOND SWAP - 1901884; DONOR ADVISED FUNDS DISTRIBUTIONS TO OTHERS - -659495; DONOR ADVISED FUNDS DISTRIBUTIONS TO OPERATIONS - -555233; Net Fund Transfer - Related Organization - 364972;

Financial Statement Notes

Schedule D, Part III, Line 4 Collections of art - description of collections

Wheaton College has pieces of art and artifacts, various literary collections, original manuscripts, private papers, and rare books of several authors. Wheaton College's collection of books and exhibits are dedicated to the message and history of Evangelism in America. The books and exhibits provide resources for research and study.

Schedule D, Part V, Line 4 Intended uses of endowment funds

The intended use of the Endowments are for Student Scholarships and Loans, and for Operations.

Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote

The College and the Billy Graham Center have received determination letters from the Internal Revenue Service indicating they are tax exempt organizations described in Section 501 ( c )(3) of the Internal Revenue Code (the Code). Accordingly, they are generally exempt from income taxes pursuant to Section 501 ( a ) of the Code, except for taxes pertaining to Unrelated Business Income. The College believes it has taken no uncertain tax positions as of June 30, 2017 or 2016.

Schedule D, Part XI, Line 2(D) Other revenues in audited financial statements not in form 990

Bookstore cost of goods sold - 903050

Schedule D, Part XI, Line 4(B) Other revenues in form 990 not in audited financial statements

SCHOLARSHIPS - 30738895

Schedule D, Part XII, Line 2(D) Other expenses in audited financial statements not in form 990

Change in the value of annuities - 8346800 bookstore cost of goods sold - 903050 change in the value of bond swap - -1901884 donor advised funds to wheaton college - 555233 donor advised funds to other charities - 659495

Schedule D, Part XII, Line 4(B) Other expenses in form 990 not in audited financial statements

SCHOLARSHIPS - 30738895

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IRS990/Desc0EDUCATION AND INSTRUCTION - THE COLLEGE PROVIDES INDIVIDUALS THE OPPORTUNITY TO OBTAIN AN UNDERGRADUATE DEGREE IN 43 AREAS OF MAJOR STUDY INCLUDING 6 IN THE CONSERVATORY; 14 MASTER OF ARTS DEGREES ARE OFFERED AND 2 DOCTORAL DEGREES. THERE ARE APPROXIMATELY 2,900 STUDENTS ENROLLED AT THE COLLEGE.
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IRS990/Form990PartVIISectionAGrp/BusinessName/BusinessNameLine1Txt2James Goetz
IRS990/Form990PartVIISectionAGrp/BusinessName/BusinessNameLine1Txt3Kathryn H Vaselkiv
IRS990/Form990PartVIISectionAGrp/BusinessName/BusinessNameLine1Txt4John Augustine
IRS990/Form990PartVIISectionAGrp/BusinessName/BusinessNameLine1Txt5Barbara W Anderson
IRS990/Form990PartVIISectionAGrp/BusinessName/BusinessNameLine1Txt6Gregory Waybright
IRS990/Form990PartVIISectionAGrp/BusinessName/BusinessNameLine1Txt7Darrell Bock
IRS990/Form990PartVIISectionAGrp/BusinessName/BusinessNameLine1Txt8Emery Lindsay Sr
IRS990/Form990PartVIISectionAGrp/BusinessName/BusinessNameLine1Txt9Shundrawn A Thomas
IRS990/Form990PartVIISectionAGrp/BusinessName/BusinessNameLine1Txt10Jeffrey Meyer
IRS990/Form990PartVIISectionAGrp/BusinessName/BusinessNameLine1Txt11Joseph M Stowell
IRS990/Form990PartVIISectionAGrp/BusinessName/BusinessNameLine1Txt12Jeanette L Hsieh
IRS990/Form990PartVIISectionAGrp/BusinessName/BusinessNameLine1Txt13James Plueddemann
IRS990/Form990PartVIISectionAGrp/BusinessName/BusinessNameLine1Txt14Philip G Hubbard
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IRS990/Form990PartVIISectionAGrp/BusinessName/BusinessNameLine1Txt17Andrea D Scott
IRS990/Form990PartVIISectionAGrp/BusinessName/BusinessNameLine1Txt18Dale Wong
IRS990/Form990PartVIISectionAGrp/BusinessName/BusinessNameLine1Txt19Rev Samuel Rodriguez
IRS990/Form990PartVIISectionAGrp/BusinessName/BusinessNameLine1Txt20George Bennett Jr
IRS990/Form990PartVIISectionAGrp/BusinessName/BusinessNameLine1Txt21Kirk D Farney
IRS990/Form990PartVIISectionAGrp/BusinessName/BusinessNameLine1Txt22Margaret Diddams
IRS990/Form990PartVIISectionAGrp/BusinessName/BusinessNameLine1Txt23Paul Chelsen
IRS990/Form990PartVIISectionAGrp/BusinessName/BusinessNameLine1Txt24Dale Kemp
IRS990/Form990PartVIISectionAGrp/BusinessName/BusinessNameLine1Txt25Kenneth Larson
IRS990/Form990PartVIISectionAGrp/BusinessName/BusinessNameLine1Txt26Wendy Woodward
IRS990/Form990PartVIISectionAGrp/BusinessName/BusinessNameLine1Txt27David Iglesias
IRS990/Form990PartVIISectionAGrp/BusinessName/BusinessNameLine1Txt28Dorothy Chappell
IRS990/Form990PartVIISectionAGrp/BusinessName/BusinessNameLine1Txt29Karen Tucker
IRS990/Form990PartVIISectionAGrp/BusinessName/BusinessNameLine1Txt30David Teune
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IRS990/Form990PartVIISectionAGrp/TitleTxt3Secretary/Director
IRS990/Form990PartVIISectionAGrp/TitleTxt4Director/Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt5Director/Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt6Director/Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt7Director/Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt8Director/Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt9Director/Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt10Director/Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt11Director/Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt12Director/Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt13Director/Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt14Director/Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt15Director/Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt16Director/Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt17Director/Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt18Director/Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt19Director/Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt20Director/Trustee (until 3/15/17)
IRS990/Form990PartVIISectionAGrp/TitleTxt21VP for Advancement and Alumni Relations
IRS990/Form990PartVIISectionAGrp/TitleTxt22Provost began 6/1/16
IRS990/Form990PartVIISectionAGrp/TitleTxt23Vice President - Student Development
IRS990/Form990PartVIISectionAGrp/TitleTxt24VP for Finance, Operations & Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt25Investment Manager
IRS990/Form990PartVIISectionAGrp/TitleTxt26Chief Information Officer

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$1,105$181$924$206$185$21.5
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1,048$190$858$182$175$6.33
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1,009$196$814$231$169$62.2
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1,106$179$927$281$164$117
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$933$172$761$177$162$14.8
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$931$165$766$213$160$52.6
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$903$170$733$190$155$35.0
2017Detailed filing. Detailed filing data is available for this year.$855$173$681$173$153$20.3
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$783$166$617$169$147$21.9
2015Detailed filing. Detailed filing data is available for this year.$804$167$637$180$142$37.0
2014Detailed filing. Detailed filing data is available for this year.$794$169$625$187$137$50.2
2013XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$723$168$555$136
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$666$165$502$130
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$674$163$511$127
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$625$165$460$124