Civic Intelligence

William Penn University

990 • Fiscal year 2023 • EIN 42-0707120

Jul 01, 2022 to Jun 30, 2023 • Filed on May 06, 2024

201 Trueblood AveOskaloosa, IA 52577

(641) 673-1001

Siviq Scores

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

Liabilities / Assets

75th percentile

0.57x

Higher debt load relative to assets than 75% of similar nonprofits.

2023 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2023

Liabilities / Revenue

72nd percentile

0.91x

Higher debt load relative to revenue than 72% of similar nonprofits.

2023 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2023

Net Margin

60th percentile

6.5%

Higher net margin than 60% of similar nonprofits.

2023 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2023

Top Officer Pay

32nd percentile

$260,724

Higher top officer pay than 32% of similar nonprofits.

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

2023 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2023

Asset Growth

44th percentile

4.8%

Faster asset growth than 44% of similar nonprofits.

2023 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2022 to 2023

Revenue Growth

69th percentile

13%

Faster revenue growth than 69% of similar nonprofits.

2023 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2022 to 2023

Assets

Up

$82,522,880

Up $3,750,928 (+4.8%) from 2022

Net Assets

Up

$35,267,600

Up $3,440,734 (+11%) from 2022

Liabilities

Up

$47,255,280

Up $310,194 (+0.7%) from 2022

Revenue

Up

$51,668,305

Up $6,086,171 (+13%) from 2022

Expenses

Up

$48,331,876

Up $4,473,151 (+10%) from 2022

Net Income

Up

$3,336,429

Up $1,613,020 (+94%) from 2022

Historical Trend

Balance Sheet Trend

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

$100M$50M$0Assets 2010: $58,626,219Liabilities 2010: $44,682,925Net Assets 2010: $13,943,2942010Assets 2011: $63,774,866Liabilities 2011: $47,690,335Net Assets 2011: $16,084,5312011Assets 2012: $65,667,736Liabilities 2012: $46,728,792Net Assets 2012: $18,938,9442012Assets 2013: $66,758,149Liabilities 2013: $46,339,574Net Assets 2013: $20,418,5752013Assets 2014: $66,921,122Liabilities 2014: $46,098,798Net Assets 2014: $20,822,3242014Assets 2015: $77,904,586Liabilities 2015: $56,598,784Net Assets 2015: $21,305,8022015Assets 2016: $78,339,126Liabilities 2016: $56,150,544Net Assets 2016: $22,188,5822016Assets 2017: $78,768,416Liabilities 2017: $56,224,996Net Assets 2017: $22,543,4202017Assets 2018: $77,434,582Liabilities 2018: $54,587,500Net Assets 2018: $22,847,0822018Assets 2019: $76,454,511Liabilities 2019: $52,014,756Net Assets 2019: $24,439,7552019Assets 2020: $76,786,240Liabilities 2020: $50,995,970Net Assets 2020: $25,790,2702020Assets 2021: $77,652,968Liabilities 2021: $46,958,688Net Assets 2021: $30,694,2802021Assets 2022: $78,771,952Liabilities 2022: $46,945,086Net Assets 2022: $31,826,8662022Assets 2023: $82,522,880Liabilities 2023: $47,255,280Net Assets 2023: $35,267,6002023Assets 2024: $84,983,218Liabilities 2024: $46,202,789Net Assets 2024: $38,780,4292024

Highlighted filing

2023

Assets$82,522,880
Liabilities$47,255,280
Net Assets$35,267,600

Operations Trend

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

$60M$40M$20M$0-$20MExpenses 2010: $32,616,1122010Expenses 2011: $33,687,8052011Expenses 2012: $37,384,2052012Expenses 2013: $38,066,8352013Revenue 2014: $39,759,774Expenses 2014: $39,832,565Net Income 2014: -$72,7912014Revenue 2015: $39,145,139Expenses 2015: $39,269,612Net Income 2015: -$124,4732015Revenue 2016: $40,064,882Expenses 2016: $39,416,597Net Income 2016: $648,2852016Revenue 2017: $36,015,386Expenses 2017: $36,011,842Net Income 2017: $3,5442017Revenue 2018: $37,124,395Expenses 2018: $36,854,156Net Income 2018: $270,2392018Revenue 2019: $38,827,623Expenses 2019: $37,083,308Net Income 2019: $1,744,3152019Revenue 2020: $40,090,210Expenses 2020: $38,687,396Net Income 2020: $1,402,8142020Revenue 2021: $45,471,214Expenses 2021: $41,352,922Net Income 2021: $4,118,2922021Revenue 2022: $45,582,134Expenses 2022: $43,858,725Net Income 2022: $1,723,4092022Revenue 2023: $51,668,305Expenses 2023: $48,331,876Net Income 2023: $3,336,4292023Revenue 2024: $51,277,637Expenses 2024: $51,517,863Net Income 2024: -$240,2262024

Highlighted filing

2023

Revenue$51,668,305
Expenses$48,331,876
Net Income$3,336,429
Jump To
Filing Snapshot
Filing Period
Jul 1, 2022 to Jun 30, 2023
Signed
May 6, 2024
Return Version
2022v5.0
Gross Receipts
$51,801,738
Mission and Program Overview

Mission

William penn university provides the opportunity for an educational experience with a focus on leadership, technology, and the quaker principles of simplicity, peace-making, intergrity, community and equality.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$55,724,317$58,049,435▲ $2,325,118
Investments in Publicly Traded Securities$2,909,891$3,446,741▲ $536,850
Investments Other Securities$1,768,601$2,665,353▲ $896,752
Other Notes and Loans Receivable, Net$2,859,474$2,624,351▼ $235,123
Accounts Receivable$594,095$1,213,359▲ $619,264
Cash and Non-Interest-Bearing Accounts$962,790$1,034,578▲ $71,788
Prepaid Expenses and Deferred Charges$450,104$519,698▲ $69,594
Pledges and Grants Receivable$424,806$294,717▼ $130,089
Total Assets$78,771,952$82,522,880▲ $3,750,928
Other Assets Total$13,077,874$12,674,648▼ $403,226
Liabilities
Mortgage Notes Payable Secured by Investment Property$41,765,993$42,612,214▲ $846,221
Accounts Payable and Accrued Expenses$4,226,586$3,642,392▼ $584,194
Deferred Revenue$530,707$891,190▲ $360,483
Other Liabilities$397,600$85,284▼ $312,316
Unsecured Notes Loans Payable$24,200$24,200→ $0
Total Liabilities$46,945,086$47,255,280▲ $310,194
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$15,078,631$17,968,896▲ $2,890,265
Net Assets With Donor Restrictions$16,748,235$17,298,704▲ $550,469
Total Net Assets Fund Balance$31,826,866$35,267,600▲ $3,440,734
Total Liabilities and Net Assets / Fund Balance$78,771,952$82,522,880▲ $3,750,928

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$53,051,011$21,206,322$74,257,333
Equipment$3,595,673$16,759,719$20,355,392
Land$1,402,751-$1,402,751
Other Assets Org$67,146--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2022$7,526,150$802,364▲ $189,637$138,738$8,379,383
2021$7,562,407$386,224▼ $334,453$88,028$7,526,150
2020$6,867,916$126,075▲ $673,361$104,945$7,562,407
2019$6,779,818$178,005▲ $1,000$90,907$6,867,916
2018$6,822,808$44,486▲ $81,476$168,952$6,779,818
Compensation and Service Providers

Employees

NameTitleBaseOtherTotal
John OttossonPresident$236,799$23,925$260,724
Bonnie L JohnsonCFO$135,056$24,924$159,980
Noel StahleVP of Academ$111,950$17,661$129,611
Marsha RiordanVP of Advanc$101,854$16,946$118,800
John HenryBasketball C$105,877$6,287$112,164

Highest Paid Contractors

ContractorServicesLocationCompensation
Sodexo ServicesFood Service4880 PAYSPHERE CIRCLE, Chicago, IL 60674$2,158,592
Neumann Construction INCConstructionPO BOX 1315, Des Moines, IA 50305$1,779,376
Sodexo Facilities INCFacilities4880 PAYSPHERE CIRCLE, Chicago, IL 60674$1,445,153
Musco Sports LightingFootball TurfPO BOX 808, Oskaloosa, IA 52577$500,000
Waldinger CorporationHvacPO BOX 1612, Des Moines, IA 50306$280,885
Revenue and Support

Revenue Composition

Contributions and Grants
$10,679,582
Program Service Revenue
$40,314,319
Investment Income
$125,016
Other Revenue
$549,388
All Other Contributions
$6,946,816
Change in Net Assets
$3,336,429
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$21,011,395
Other Expenses$15,475,641
Salaries, Compensation, and Employee Benefits$11,844,840
Total Fundraising Expense$589,331
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$21,011,395--$21,011,395
Other Salaries and Wages$7,761,807$958,093$292,460$9,012,360
Occupancy$3,430,207$90,029-$3,520,236
Depreciation Depletion$2,068,099$21,387-$2,089,486
Interest$1,534,693$15,904-$1,550,597
Other Employee Benefits$1,172,555$200,082-$1,372,637
Travel$819,663$47,908$22,038$889,609
Other Expenses$96,619$713,214$22,586$809,833
All Other Expenses$495,826$274,447$599$770,872
Payroll Taxes$562,775$110,260-$673,035
Fees for Services Other$151,976$269,783$216,823$638,582
Insurance$535,806$9,654-$545,460
Current Officers, Directors, Trustees, and Key Employees-$443,351-$443,351
Pension Plan Contributions$303,663$39,794-$343,457
Office Expenses$54,744$35,576$34,825$125,145
Fees for Services Accounting-$96,775-$96,775
Fees for Services Legal-$76,330-$76,330
Total Functional Expenses$43,400,208$4,342,337$589,331$48,331,876
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$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
Mahaska Comm Group McgSee Part VPhone/internetNo$107,020
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
US Government Grants Refundable$85,284
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 35% controlled entity
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
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 2

Joe crookham chris hyland vice chair trustee business relationship

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

Copy of form 990 was reviewed by the finance committee.

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

Every board member, administrator, or person who has control over a budget, completes a conflict of interest form. They are reviewed by the finance committee of the board of trustees.

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

The organization used comparable data to determine the amount of executive compensation for the president and other officers and top management.

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

The organization used comparable data to determine the amount of executive compensation for the president and other officers and top management.

Form 990, Page 6, Part VI, Line 19

Articles of incorporation and by-laws are available upon request to the business office of the organization.

Filing and Contact Details

Filer

Filer Name
William Penn University
EIN
42-0707120
Phone
6416731001
Address
201 TRUEBLOOD AVE, OSKALOOSA, IA 52577

Signing Officer

Name
Bonnie L Johnson
Title
CFO
Phone
6416731001
Signed
2024-05-06
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Bonnie L Johnson
Formed
1873
Legal Domicile
Ia
Voting Board Members
22
Independent Board Members
21
Employees
741
Volunteers
50

Preparer

Firm
Forge Financial & Management Consulting
Address
1245 JORDAN CREEK PKWY STE 100, WEST DES MOINES, IA 50266-2343
Preparer
Dan Montgomery CPA
Phone
5156203050
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9

Scholarships and grants -21,011,395 scholarships and grants 21,011,395

Financial Statement Notes

Schedule D, Page 2, Part III, Line 4

The university maintains a collection of middle east artifacts and a replica of the jing yung bell for purposes of public exhibit and research.

Schedule D, Page 2, Part V, Line 4

Endowment funds consist of approxiamtely 108 individual funds established for scholarships, grants and unrestricted purposes for the university. Only revenue earned by the portfolio of investments can be used for the intended purpose.

Schedule D, Page 3, Part X

The university has a tax determination letter from the internal revenue service stating it qualifies under the provision of section 501(c)(3) of the internal revenue code and is exempt from federal income taxes. As such, the university is subject to federal income taxes only on any net unrelated business income under the provisions of section 511 of the internal revenue code.

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IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt286287
IRS990/Form990PartVIISectionAGrp/PersonNm0DAVID AHMAD LEFT OCT 2022
IRS990/Form990PartVIISectionAGrp/PersonNm1JOE P CROOKHAM
IRS990/Form990PartVIISectionAGrp/PersonNm2MICHAEL GATES LEFT OCT 2022
IRS990/Form990PartVIISectionAGrp/PersonNm3RON BRYAN
IRS990/Form990PartVIISectionAGrp/PersonNm4KEVIN DERONDE
IRS990/Form990PartVIISectionAGrp/PersonNm5JERRY N ELLIS
IRS990/Form990PartVIISectionAGrp/PersonNm6TOM FRANKS
IRS990/Form990PartVIISectionAGrp/PersonNm7SYLIVA GRAVES
IRS990/Form990PartVIISectionAGrp/PersonNm8CHRIS HYLAND
IRS990/Form990PartVIISectionAGrp/PersonNm9IRVING JONES
IRS990/Form990PartVIISectionAGrp/PersonNm10REGINALD MARTIN
IRS990/Form990PartVIISectionAGrp/PersonNm11GORDAN MOORE
IRS990/Form990PartVIISectionAGrp/PersonNm12ERIC NICHOLS LEFT OCT 2022
IRS990/Form990PartVIISectionAGrp/PersonNm13RUTH NEUBERT LEFT OCT 2022
IRS990/Form990PartVIISectionAGrp/PersonNm14JOHN OTTOSSON
IRS990/Form990PartVIISectionAGrp/PersonNm15ALFIO TOGNOCCHI LEFT OCT 2022
IRS990/Form990PartVIISectionAGrp/PersonNm16ROBERT SCHULTZE LEFT OCT 2022
IRS990/Form990PartVIISectionAGrp/PersonNm17KEVIN ROHR
IRS990/Form990PartVIISectionAGrp/PersonNm18JEFF MCNULTY
IRS990/Form990PartVIISectionAGrp/PersonNm19MANNY GARCIA
IRS990/Form990PartVIISectionAGrp/PersonNm20DERRICK WILLIS JOINED OCT 2022
IRS990/Form990PartVIISectionAGrp/PersonNm21JON MOSHER JOINED OCT 2022
IRS990/Form990PartVIISectionAGrp/PersonNm22LARRY JUCKNER JR JOINED OCT 2022
IRS990/Form990PartVIISectionAGrp/PersonNm23JAMES FEUDNER
IRS990/Form990PartVIISectionAGrp/PersonNm24ROBERT TALBOT LEFT OCT 2022
IRS990/Form990PartVIISectionAGrp/PersonNm25NOEL STAHLE
IRS990/Form990PartVIISectionAGrp/PersonNm26BONNIE L JOHNSON
IRS990/Form990PartVIISectionAGrp/PersonNm27MARSHA RIORDAN
IRS990/Form990PartVIISectionAGrp/PersonNm28JOHN HENRY
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt220
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IRS990/Form990PartVIISectionAGrp/TitleTxt0TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE CHAIRMA
IRS990/Form990PartVIISectionAGrp/TitleTxt2TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt3TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt4TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt5CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt6TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt7TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt8TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt9TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt10TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt11TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt12TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt13TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt14PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt15TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt16TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt17TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt18TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt19TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt20TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt21TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt22TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt23TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt24TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt25VP OF ACADEM
IRS990/Form990PartVIISectionAGrp/TitleTxt26CFO
IRS990/Form990PartVIISectionAGrp/TitleTxt27VP OF ADVANC
IRS990/Form990PartVIISectionAGrp/TitleTxt28BASKETBALL C
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IRS990/Form990TFiledInd0true
IRS990/FormationYr01873
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IRS990/FSAuditedBasisGrp/ConsolidatedBasisFinclStmtInd0X
IRS990/FSAuditedInd0true
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IRS990/MissionDesc0WILLIAM PENN UNIVERSITY PROVIDES THE OPPORTUNITY FOR AN EDUCATIONAL EXPERIENCE WITH A FOCUS ON LEADERSHIP, TECHNOLOGY, AND THE QUAKER PRINCIPLES OF SIMPLICITY, PEACE-MAKING, INTERGRITY, COMMUNITY AND EQUALITY.
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IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt035576
IRS990/OfficeExpensesGrp/ProgramServicesAmt054744
IRS990/OfficeExpensesGrp/TotalAmt0125145

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$85.0$46.2$38.8$51.3$51.5$0.24
2023Detailed filing. Detailed filing data is available for this year.$82.5$47.3$35.3$51.7$48.3$3.34
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$78.8$46.9$31.8$45.6$43.9$1.72
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$77.7$47.0$30.7$45.5$41.4$4.12
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$76.8$51.0$25.8$40.1$38.7$1.40
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$76.5$52.0$24.4$38.8$37.1$1.74
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$77.4$54.6$22.8$37.1$36.9$0.27
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$78.8$56.2$22.5$36.0$36.0$0.00
2016Detailed filing. Detailed filing data is available for this year.$78.3$56.2$22.2$40.1$39.4$0.65
2015Detailed filing. Detailed filing data is available for this year.$77.9$56.6$21.3$39.1$39.3$0.12
2014XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$66.9$46.1$20.8$39.8$39.8$0.07
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$66.8$46.3$20.4$38.1
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$65.7$46.7$18.9$37.4
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$63.8$47.7$16.1$33.7
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$58.6$44.7$13.9$32.6
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2023 filings • 501(c)3 • $50M-$100M nonprofits