Civic Intelligence

Illinois Wesleyan University

990 • Fiscal year 2019 • EIN 37-0662594

Aug 01, 2018 to Jul 31, 2019 • Filed on May 29, 2020

PO Box 2900Bloomington, IL 61702

(309) 556-3449

Siviq Scores

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

Liabilities / Assets

50th percentile

0.31x

Higher debt load relative to assets than 50% of similar nonprofits.

2019 filings • 501(c)3 • $250M-$1B nonprofits • Source year 2019

Liabilities / Revenue

84th percentile

1.58x

Higher debt load relative to revenue than 84% of similar nonprofits.

2019 filings • 501(c)3 • $250M-$1B nonprofits • Source year 2019

Net Margin

16th percentile

-3.8%

Higher net margin than 16% of similar nonprofits.

2019 filings • 501(c)3 • $250M-$1B nonprofits • Source year 2019

Top Officer Pay

18th percentile

$402,095

Higher top officer pay than 18% of similar nonprofits.

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

2019 filings • 501(c)3 • $250M-$1B nonprofits • Source year 2019

Asset Growth

18th percentile

-1.2%

Faster asset growth than 18% of similar nonprofits.

2019 filings • 501(c)3 • $250M-$1B nonprofits • Annualized from 2018 to 2019

Revenue Growth

69th percentile

8.6%

Faster revenue growth than 69% of similar nonprofits.

2019 filings • 501(c)3 • $250M-$1B nonprofits • Annualized from 2018 to 2019

Assets

Down

$376,723,932

Down $4,426,489 (-1.2%) from 2018

Net Assets

Down

$259,514,082

Down $2,405,031 (-0.9%) from 2018

Liabilities

Down

$117,209,850

Down $2,021,458 (-1.7%) from 2018

Revenue

Up

$74,052,550

Up $5,886,182 (+8.6%) from 2018

Expenses

Up

$76,879,835

Up $1,221,428 (+1.6%) from 2018

Net Income

Up

-$2,827,285

Up $4,664,754 (+62%) from 2018

Historical Trend

Balance Sheet Trend

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

$600M$400M$200M$0Assets 2010: $324,890,572Liabilities 2010: $121,880,322Net Assets 2010: $203,010,2502010Assets 2011: $347,911,269Liabilities 2011: $121,238,385Net Assets 2011: $226,672,8842011Assets 2012: $356,996,117Liabilities 2012: $127,527,744Net Assets 2012: $229,468,3732012Assets 2013: $384,426,354Liabilities 2013: $126,367,587Net Assets 2013: $258,058,7672013Assets 2014: $395,382,216Liabilities 2014: $121,651,066Net Assets 2014: $273,731,1502014Assets 2015: $393,108,424Liabilities 2015: $120,069,357Net Assets 2015: $273,039,0672015Assets 2016: $377,334,345Liabilities 2016: $119,327,813Net Assets 2016: $258,006,5322016Assets 2018: $381,150,421Liabilities 2018: $119,231,308Net Assets 2018: $261,919,1132018Assets 2019: $376,723,932Liabilities 2019: $117,209,850Net Assets 2019: $259,514,0822019Assets 2020: $377,291,473Liabilities 2020: $114,836,862Net Assets 2020: $262,454,6112020Assets 2021: $439,789,641Liabilities 2021: $111,809,357Net Assets 2021: $327,980,2842021Assets 2024: $436,309,632Liabilities 2024: $108,175,807Net Assets 2024: $328,133,8252024

Highlighted filing

2019

Assets$376,723,932
Liabilities$117,209,850
Net Assets$259,514,082

Operations Trend

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

$150M$100M$50M$0-$50MExpenses 2010: $71,192,9972010Expenses 2011: $72,145,4872011Expenses 2012: $72,659,0412012Expenses 2013: $72,801,4912013Revenue 2014: $79,374,884Expenses 2014: $75,103,764Net Income 2014: $4,271,1202014Revenue 2015: $79,794,548Expenses 2015: $74,682,853Net Income 2015: $5,111,6952015Revenue 2016: $83,656,018Expenses 2016: $74,145,863Net Income 2016: $9,510,1552016Revenue 2018: $68,166,368Expenses 2018: $75,658,407Net Income 2018: -$7,492,0392018Revenue 2019: $74,052,550Expenses 2019: $76,879,835Net Income 2019: -$2,827,2852019Revenue 2020: $72,297,405Expenses 2020: $70,648,924Net Income 2020: $1,648,4812020Revenue 2021: $142,868,777Expenses 2021: $67,728,730Net Income 2021: $75,140,0472021Revenue 2024: $66,128,003Expenses 2024: $77,950,182Net Income 2024: -$11,822,1792024

Highlighted filing

2019

Revenue$74,052,550
Expenses$76,879,835
Net Income-$2,827,285
Jump To
Filing Snapshot
Filing Period
Aug 1, 2018 to Jul 31, 2019
Signed
May 29, 2020
Return Version
2018v3.2
Gross Receipts
$93,569,772
Mission and Program Overview

Mission

The university strives to attain the ideal of a liberal arts education while providing unique opportunities with its distinctive curricula and programs. A liberal arts education fosters creativity, critical thinking, effective communication, strength of character and a spirit of inquiry; it deepens the specialized knowledge of a discipline with a comprehensive world view.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$188,535,438$186,140,217▼ $2,395,221
Investments in Publicly Traded Securities$154,105,260$150,723,932▼ $3,381,328
Investments Other Securities$16,014,349$16,134,619▲ $120,270
Savings and Temporary Cash Investments$4,448,557$8,530,704▲ $4,082,147
Other Notes and Loans Receivable, Net$7,331,050$7,168,562▼ $162,488
Pledges and Grants Receivable$6,415,917$4,864,324▼ $1,551,593
Accounts Receivable$1,230,244$1,406,469▲ $176,225
Prepaid Expenses and Deferred Charges$1,064,899$1,093,142▲ $28,243
Inventories for Sale or Use$732,842$388,731▼ $344,111
Cash and Non-Interest-Bearing Accounts$98,460$55,538▼ $42,922
Total Assets$381,150,421$376,723,932▼ $4,426,489
Other Assets Total$1,173,405$217,694▼ $955,711
Liabilities
Tax Exempt Bond Liabilities$72,999,134$71,757,155▼ $1,241,979
Other Liabilities$30,166,852$29,444,626▼ $722,226
Deferred Revenue$7,630,566$7,403,878▼ $226,688
Unsecured Notes Loans Payable$6,000,000$5,000,000▼ $1,000,000
Accounts Payable and Accrued Expenses$2,434,756$3,604,191▲ $1,169,435
Total Liabilities$119,231,308$117,209,850▼ $2,021,458
Net Assets / Fund Balance
Unrestricted Net Assets$144,634,050$137,635,078▼ $6,998,972
Permanently Rstr Net Assets$93,404,627$98,533,396▲ $5,128,769
Temporarily Rstr Net Assets$23,880,436$23,345,608▼ $534,828
Total Net Assets Fund Balance$261,919,113$259,514,082▼ $2,405,031
Total Liabilities and Net Assets / Fund Balance$381,150,421$376,723,932▼ $4,426,489

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$105,199,864$113,234,497$216,339,604
Equipment$26,353,848-$26,353,848
Land$54,605,365-$9,741,742
Leasehold Improvements$-18,860$18,860-

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2018$207,198,480$4,814,039▲ $10,139,265$120,826$203,964,839
2017$203,346,555$884,902▲ $19,330,109$204,603$207,198,480
2016$201,840,803$1,004,710▲ $13,275,279$355,567$203,346,555
2015$216,245,018$3,230,496▼ $4,802,899$311,315$201,840,803
2014$219,508,439$1,965,964▲ $6,038,123$210,984$216,245,018
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Eric R JensenPresident (aFT$348,833$53,262$402,095
Eric R JensenPresident (aug-may)-$348,833$53,262$402,095
Mark BrodlProvostFT$205,500$39,485$244,985
Steven SeibringVP AdvancmenFT$200,500$38,963$239,463
Steven SeibringVP Advancment-$200,500$38,963$239,463
Leann HughesVP Enrllmt &FT$177,250$49,445$226,695
Leann HughesVP Enrllmt & Mrkting-$177,250$49,445$226,695
Karla Carney-hallVP Stud AffrFT$147,325$33,895$181,220
Michael ThompsonAssc Prov IrFT$134,041$42,680$176,721
Michael ThompsonAssc Prov Ir/intrmvp-$134,041$42,680$176,721
Michele BradyAssoc VP AdvFT$126,750$43,359$170,109
Michele BradyAssoc VP Advancement-$126,750$43,359$170,109
Mario PelusiProfessorFT$129,183$39,407$168,590
Matt BiermanVP Business&FT$123,435$34,570$158,005
Matt BiermanVP Business& Finance-$123,435$34,570$158,005

Highest Paid Contractors

ContractorServicesLocationCompensation
Core Construction Services Of IllinoGeneral Contrac866 N MAIN ST, PO BOX 160, Morton, IL 61550$1,323,029
Capture LLCStudent Recruit2303 RIVER RD, SUITE 201, Louisville, KY 40206$370,000
Kelly Services INCTemporary Staff1212 SOLUTIONS CENTER, Chicago, IL 60677-1002$359,693
Ellucian Support INCTech Consulting14083 COLLECTIONS CENTER DRIVE, Chicago, IL 60693$319,785
Yezek & Sons INCHvac Contractor7700 CRESTLINE DRIVE, Peoria, IL 61615$285,435
Revenue and Support

Revenue Composition

Contributions and Grants
$12,426,787
Program Service Revenue
$52,944,599
Investment Income
$7,142,199
Other Revenue
$1,538,965
All Other Contributions
$11,592,416
Change in Net Assets
$-2,827,285

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 Traded14$362,806Fair Market Value
Other Non Cash Contri Table10$117,392Fair Value
Total Noncash Contributions24$480,198-

Audited Revenue Reconciliation

Revenue per Audited Statements
$74,052,550
Revenue Not Reported on Form 990
$2,695,857
Total Revenue per Audited Statements
$76,748,407
Total Revenue per Form 990
$74,052,550
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$42,920,559
Other Expenses$33,899,667
Total Fundraising Expense$2,881,945
Professional Fundraising Fees$59,609
Grants and Similar Amounts Paid$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$28,401,829$2,409,724$1,282,406$32,093,959
Occupancy$6,912,934$34,393$13,984$6,961,311
Other Employee Benefits$5,139,556$496,269$213,731$5,849,556
Depreciation Depletion$5,489,714--$5,489,714
Office Expenses$3,198,181-$330,609$3,528,790
Interest$2,483,032--$2,483,032
Payroll Taxes$1,834,591$201,562$116,125$2,152,278
Pension Plan Contributions$1,507,194$189,044$106,528$1,802,766
Travel$1,488,716$33,060$164,892$1,686,668
All Other Expenses$1,323,630$46,550$109,158$1,479,338
Conferences and Meetings$954,429$98,545$48,903$1,101,877
Information Technology$497,489$596,115$5,375$1,098,979
Current Officers, Directors, Trustees, and Key Employees-$641,250$380,750$1,022,000
Insurance$772,279$2,205-$774,484
Other Expenses$470,445--$470,445
Fees for Service Investment Mgmnt Fees-$277,499-$277,499
Fees for Services Other$231,201$663-$231,864
Fees for Services Accounting$203,276--$203,276
Fees for Services Legal$174,168--$174,168
Advertising$89,891$9,594$49,875$149,360
Fees for Services Professional Fundraising--$59,609$59,609
Royalties$6,832--$6,832
Total Functional Expenses$68,961,417$5,036,473$2,881,945$76,879,835

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$79,153,438
Expenses per Audited Statements$76,879,835
Total Expenses per Form 990$76,879,835
Expenses Not Reported on Form 990$2,273,603
International Activity

International Summary

Spending
$498,013

International Compliance

Foreign grant records maintained
No
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
Barcelona, SpainProgram ServiceStudy Abroad--$361,017
London, EnglandProgram ServiceStudy Abroad--$136,996
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
Yes

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$59,609
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Accrued Postretirement Benefits$13,072,000
Annuities Payable$7,344,586
Refundable US Government Grants$4,395,727
Asset Retirement Obligation$4,163,727
Agency Funds$468,586

Bond Issues

BondIssuerIssuedIssue PricePurpose
BIllinois Finance Authorityseries2012016-07-13$56,775,000Refi series 2006, 2006b, & 2008
AIllinois Finance Authorityseries2012012-05-30$12,900,000Refi series 2001 & fund construction of 2 apartment style housing units

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
B$56,775,000$292,093-$523,341
A$12,900,000$192,722$2,800,000$301,416

Bond Financing Compliance

No rebate due
Yes
Rebate not yet due
No
Form 8038-T filed
No
Gross proceeds invested
No
Gross proceeds invested in GIC
No
Exception to rebate
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
Backup withholding compliance
Yes
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, Page 6, Part VI, Line 1A

In accordance with the by-laws of the board of trustees, the executive committee shall meet at least once between regular meetings of the board. The executive committee shall have and may exercise the authority of the board in the interim between stated meetings of the board to the extent permitted by law and the by-laws and the board itself, except that the executive committee shall not conduct elections of the board members, nor fill vacancies of the board.

Form 990, Page 6, Part VI, Line 9

Eric r. Jensen 615 west lane geneva, il 60134

Form 990, Page 6, Part VI, Line 11B

It is the policy of the board of trustees of illinois wesleyan university that the audit committee shall review internal revenue services form 990 prior to filing it with the irs. Once the audit committee has reviewed irs form 990, a copy shall be made available to all board members prior to filing of form 990. Board members shall exercise their best effort to review form 990. Board members who have comments or revisions to form 990 shall submit those comments or revisions to the audit committee chair no later than one week following notification of the availability of the form 990 being posted for review.

Form 990, Page 6, Part VI, Line 12C

An annual conflict of interest statement is collected from trustees and key employees. Reminders are sent to trustees and key employees with outstanding statements until received. Conflicts disclosed are reviewed and monitored. Trustees abstain from voting when a vote is required and the trustee has a conflict of interest.

Form 990, Page 6, Part VI, Line 15A

The president's salary is approved annually by the executive committee of the board of trustees and a written agreement is signed by both parties. Salary amount is based on, but not limited to: prior salary, budgeted compensation increase to all employees of the university, performance, changes in responsibility, comparative data from cupa and other relevant factors as determined by the executive committee of the board of trustees.

Form 990, Page 6, Part VI, Line 15B

Vice presidents salaries are approved annually by the executive committee of the board of trustees. Salary amounts are based on, but not limited to: prior salary, budgeted compensation increase to all employees of the university, performance, changes in responsibility, comparative data from cupa and other relevant factors as determined by the executive committee of the board of trustees.

Form 990, Page 6, Part VI, Line 19

The university does not make its governing documents, conflict of interest policy or financial statements available to the public. Requests for such data are reviewed and information is provided if deemed appropriate.

Filing and Contact Details

Filer

Filer Name
Illinois Wesleyan University
EIN
37-0662594
Phone
3095563449
Address
PO BOX 2900, BLOOMINGTON, IL 61702

Signing Officer

Name
Matt Bierman
Title
VP Business& Finance
Phone
3095563449
Signed
2020-05-29

Organization Details

Principal Officer
Matt Bierman
Formed
1850
Legal Domicile
Il
Voting Board Members
43
Independent Board Members
42
Employees
2,044
Volunteers
731

Preparer

Firm
Illinois Wesleyan University
Address
303 E EMERSON ST, BLOOMINGTON, IL 61701-1730
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

The university strives to attain the ideal of a liberal arts education while providing unique opportunities with its distinctive curricula and programs. A liberal arts education fosters creativity, critical thinking, effective communication, strength of character and a spirit of inquiry; it deepens the specialized knowledge of a discipline with a comprehensive world view.

Form 990, Page 1, Part I, Line 6

Volunteers participate in various academic, campus and alumni events like homecoming and alumni relations connections events. Academic volunteers speak to classes, act as mentors and host student visits to various workplaces.

Form 990, Page 2, Part III, Line 4D

Instruction to approximately 1,650 students for baccalaureate degrees in the liberal arts and sciences, nursing, fine arts, drama and music. Student services include education, housing, and board.

Form 990, Part XI, Line 9

Cogs - form 990 t catering 689,176 change in pv of swap agreement -955,711 change in split interest annuity agreements -453,758 cogs - form 990-t catering -689,176 loss on impaired assets -91,105 loss on sale of property -248,853 recognition of change in postretirement liability 165,000 total -1,584,427

Financial Statement Notes

Schedule D, Page 1, Part III, Line 1A

Contributed collections such as works of art and historical treasures, where no appraised value was attainable at the time of receipt, are not recognized as revenue and have not been capitalized or depreciated. A collection of traditional pueblo pottery and a few wooden and basketry objects was presented to the university in the mid 1880's by john wesley powell. The collection is preserved by the university and is on display in the ames library.

Schedule D, Page 2, Part V, Line 4

Endowment funds are intendd to provide financial support for scholarships, scholarly achievement, program support and other functions of the university consistent with donor intent. Financial support is provided from investment income of the endowed corpus, which is invested to provide income in perpetuity.

Schedule D, Page 3, Part X

The university is generally exempt from income taxes under internal revenue code, section 501(a), as an organization described in section 501(c)(3). Accordingly, it is generally not subject to income taxes except to the extent it has taxable income from activities that are not related to its exempt purpose. The university assesses uncertain tax positions and determined that there were no such positions that have a material effect on the financial statements.

Schedule D, Page 4, Part XI, Line 2D

Cogs - form 990 t catering 689,176

Schedule D, Page 4, Part XII, Line 2D

Change in pv of swap agreement 955,711 change in split interest annuity agreements 453,758 cogs - form 990-t catering 689,176 loss on impaired assets 91,105 loss on sale of property 248,853 recognition of change in postretirement liability -165,000

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IRS990/ContractorCompensationGrp/ServicesDesc3TECH CONSULTING
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IRS990/Desc0ILLINOIS WESLEYAN'S UNIVERSITY PROVIDES A RICH LEARNING ENVIRONMENT FOR APPROXIMATELY 1,650 UNDERGRADUATE STUDENTS WITH EXTENSIVE PERSONAL ATTENTION. THE EXPERIENTIAL LEARNING MODEL FOSTERS CREATIVITY, CRITICAL THINKING, EFFECTIVE COMMUNICATION, STRENGTH OF CHARACTER AND A SPIRIT OF INQUIRY. THE INSTITUTION SERVES STUDENTS PURSING BACCALAUREATE DEGREES IN THE LIBERAL ARTS, FINE ARTS AND PROFESSIONAL PROGRAMS AS WELL AS INTERDISCIPLINARY STUDY AND OFF CAMPUS LEARNING. SPECIFIC DISCIPLINES OF EMPHASIS INCLUDE BIOLOGY, NURSING, ACCOUNTING, BUSINESS, THEATER AND MUSIC. THE UNIVERSITY OFFERS A ROBUST STUDENT LIFE AND RESIDENTIAL EXPERIENCE TO CREATE AN INCLUSIVE COMMUNITY FOR STUDENTS.
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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$436$108$328$66.1$78.0$11.8
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$440$112$328$143$67.7$75.1
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$377$115$262$72.3$70.6$1.65
2019Detailed filing. Detailed filing data is available for this year.$377$117$260$74.1$76.9$2.83
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$381$119$262$68.2$75.7$7.49
2016Detailed filing. Detailed filing data is available for this year.$377$119$258$83.7$74.1$9.51
2015Detailed filing. Detailed filing data is available for this year.$393$120$273$79.8$74.7$5.11
2014Detailed filing. Detailed filing data is available for this year.$395$122$274$79.4$75.1$4.27
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$384$126$258$72.8
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$357$128$229$72.7
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$348$121$227$72.1
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$325$122$203$71.2