Civic Intelligence

Nebraska Wesleyan University

990 • Fiscal year 2018 • EIN 47-0376524

Jun 01, 2017 to May 31, 2018 • Filed on Feb 18, 2019

5000 Saint Paul AvenueLincoln, NE 68504-2794

(402) 465-2119

Siviq Scores

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

Liabilities / Assets

35th percentile

0.18x

Higher debt load relative to assets than 35% of similar nonprofits.

2018 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2018

Liabilities / Revenue

41st percentile

0.36x

Higher debt load relative to revenue than 41% of similar nonprofits.

2018 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2018

Net Margin

53rd percentile

4.9%

Higher net margin than 53% of similar nonprofits.

2018 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2018

Top Officer Pay

32nd percentile

$342,857

Higher top officer pay than 32% of similar nonprofits.

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

2018 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2018

Asset Growth

66th percentile

6.2%

Faster asset growth than 66% of similar nonprofits.

2018 filings • 501(c)3 • $100M-$250M nonprofits • Annualized from 2017 to 2018

Revenue Growth

21st percentile

-3.0%

Faster revenue growth than 21% of similar nonprofits.

2018 filings • 501(c)3 • $100M-$250M nonprofits • Annualized from 2017 to 2018

Assets

Up

$138,426,671

Up $8,139,544 (+6.2%) from 2017

Net Assets

Up

$113,109,582

Up $7,774,367 (+7.4%) from 2017

Liabilities

Up

$25,317,089

Up $365,177 (+1.5%) from 2017

Revenue

Down

$69,672,535

Down $2,170,054 (-3.0%) from 2017

Expenses

Up

$66,290,154

Up $2,806,834 (+4.4%) from 2017

Net Income

Down

$3,382,381

Down $4,976,888 (-60%) from 2017

Historical Trend

Balance Sheet Trend

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

$200M$150M$100M$50M$0Assets 2010: $93,330,832Liabilities 2010: $26,316,831Net Assets 2010: $67,014,0012010Assets 2011: $100,548,850Liabilities 2011: $25,699,268Net Assets 2011: $74,849,5822011Assets 2012: $99,607,701Liabilities 2012: $28,658,483Net Assets 2012: $70,949,2182012Assets 2013: $105,647,505Liabilities 2013: $27,427,091Net Assets 2013: $78,220,4142013Assets 2014: $115,283,992Liabilities 2014: $27,119,879Net Assets 2014: $88,164,1132014Assets 2015: $117,042,954Liabilities 2015: $26,222,009Net Assets 2015: $90,820,9452015Assets 2016: $115,887,548Liabilities 2016: $24,889,987Net Assets 2016: $90,997,5612016Assets 2017: $130,287,127Liabilities 2017: $24,951,912Net Assets 2017: $105,335,2152017Assets 2018: $138,426,671Liabilities 2018: $25,317,089Net Assets 2018: $113,109,5822018Assets 2019: $137,573,789Liabilities 2019: $23,021,618Net Assets 2019: $114,552,1712019Assets 2020: $137,124,058Liabilities 2020: $20,996,953Net Assets 2020: $116,127,1052020Assets 2021: $157,848,451Liabilities 2021: $19,933,235Net Assets 2021: $137,915,2162021Assets 2022: $153,945,298Liabilities 2022: $17,355,659Net Assets 2022: $136,589,6392022Assets 2023: $149,515,883Liabilities 2023: $17,332,603Net Assets 2023: $132,183,2802023Assets 2024: $160,939,446Liabilities 2024: $16,289,620Net Assets 2024: $144,649,8262024

Highlighted filing

2018

Assets$138,426,671
Liabilities$25,317,089
Net Assets$113,109,582

Operations Trend

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

$100M$50M$0-$50MExpenses 2010: $34,699,5532010Expenses 2011: $35,420,7792011Expenses 2012: $37,164,6302012Expenses 2013: $36,429,7642013Revenue 2014: $43,509,120Expenses 2014: $36,741,769Net Income 2014: $6,767,3512014Revenue 2015: $42,505,930Expenses 2015: $38,347,119Net Income 2015: $4,158,8112015Revenue 2016: $62,694,962Expenses 2016: $59,897,706Net Income 2016: $2,797,2562016Revenue 2017: $71,842,589Expenses 2017: $63,483,320Net Income 2017: $8,359,2692017Revenue 2018: $69,672,535Expenses 2018: $66,290,154Net Income 2018: $3,382,3812018Revenue 2019: $75,303,367Expenses 2019: $72,443,498Net Income 2019: $2,859,8692019Revenue 2020: $78,673,571Expenses 2020: $76,289,948Net Income 2020: $2,383,6232020Revenue 2021: $80,524,359Expenses 2021: $74,859,977Net Income 2021: $5,664,3822021Revenue 2022: $89,729,561Expenses 2022: $80,258,401Net Income 2022: $9,471,1602022Revenue 2023: $77,702,780Expenses 2023: $79,658,739Net Income 2023: -$1,955,9592023Revenue 2024: $84,892,553Expenses 2024: $82,425,773Net Income 2024: $2,466,7802024

Highlighted filing

2018

Revenue$69,672,535
Expenses$66,290,154
Net Income$3,382,381
Jump To
Filing Snapshot
Filing Period
Jun 1, 2017 to May 31, 2018
Signed
Feb 18, 2019
Return Version
2017v2.3
Gross Receipts
$85,927,448
Mission and Program Overview

Mission

Nebraska wesleyan university is an academic community dedicated to intellectual and personal growth within the context of a liberal arts education and in an environment of christian concern.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$61,462,230$57,943,438▼ $3,518,792
Land, Buildings, and Equipment, Net$34,282,119$50,237,096▲ $15,954,977
Investments Other Securities$6,515,002$6,929,779▲ $414,777
Savings and Temporary Cash Investments$7,213,116$5,627,019▼ $1,586,097
Pledges and Grants Receivable$6,402,141$3,820,202▼ $2,581,939
Accounts Receivable$2,510,719$1,889,633▼ $621,086
Other Notes and Loans Receivable, Net$1,930,902$1,615,486▼ $315,416
Prepaid Expenses and Deferred Charges$579,875$843,569▲ $263,694
Cash and Non-Interest-Bearing Accounts$835,854$839,814▲ $3,960
Total Assets$130,287,127$138,426,671▲ $8,139,544
Other Assets Total$8,555,169$8,680,635▲ $125,466
Liabilities
Tax Exempt Bond Liabilities$15,860,519$14,842,662▼ $1,017,857
Accounts Payable and Accrued Expenses$4,261,605$6,270,033▲ $2,008,428
Escrow Account Liability$2,791,580$2,430,388▼ $361,192
Other Liabilities$1,179,479$1,067,056▼ $112,423
Deferred Revenue$858,729$706,950▼ $151,779
Total Liabilities$24,951,912$25,317,089▲ $365,177
Net Assets / Fund Balance
Permanently Rstr Net Assets$42,755,298$43,959,447▲ $1,204,149
Unrestricted Net Assets$28,127,025$43,276,337▲ $15,149,312
Temporarily Rstr Net Assets$34,452,892$25,873,798▼ $8,579,094
Total Net Assets Fund Balance$105,335,215$113,109,582▲ $7,774,367
Total Liabilities and Net Assets / Fund Balance$130,287,127$138,426,671▲ $8,139,544

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$27,406,053$37,414,099$64,820,152
Other Land Buildings$16,861,078-$16,861,078
Equipment$2,218,828$13,655,931$15,874,759
Land$3,416,067-$3,416,067
Leasehold Improvements$335,070$323,481$658,551
Other Assets Org$110,679--
Other Securities$1,302,241--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2017$55,816,535$909,664▲ $4,204,793$200,236$58,642,275
2016$50,901,954$1,124,567▲ $5,989,624$134,657$55,816,535
2015$55,710,739$496,843▼ $3,151,834$149,358$50,901,954
2014$55,786,293$1,528,200▲ $364,414$92,155$55,710,739
2013$50,856,462$1,990,868▲ $4,634,705$375,990$55,786,293
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Frederik OhlesPresidentFT$223,234$119,623$342,857
William MotzerVice President for EnrollFT$166,469$32,180$198,649
John GrevingVice President for Uni AdvFT$159,665$27,420$187,085
Trisha Gade-jonesVice President for FinanceFT$134,363$33,577$167,940
Tyre McdowellVice President for Campus CommunityFT$86,104$29,913$116,017
Pat PettitFacultyFT$102,691$7,385$110,076
Judith MuyskensProvostFT$89,561$11,546$101,107
Rachel PokoraFaculty GovernorPT$65,238$15,091$80,329
Meghan WinchellFaculty GovernorFT$54,732$24,349$79,081
Eduardo BoussonVP & University MinisterFT$59,129$5,740$64,869
Evan MarshallStudent GovernerPT$3,471-$3,471
Riley ShenkStudent GovernerPT$78-$78

Highest Paid Contractors

ContractorServicesLocationCompensation
Sampson Consturction Co INCConstruction3730 S 14TH, Lincoln, NE 68502$13,507,603
Sodexo INC & AffiliatesCampus Food Svc4880 PAYSPHERE CIRCLE, Chicago, IL 60674$1,666,734
Kingery Consturction CompanyConstruction201 N 64TH ST, Lincoln, NE 68503$1,022,866
The Clark Enersen PartnersConsulting1010 LINCOLN MALL, Lincoln, NE 68508$645,542
Weathercraft Company Of LincolnConstruction5410 NW 44TH ST, Lincoln, NE 68524$536,310
Revenue and Support

Revenue Composition

Contributions and Grants
$8,878,828
Program Service Revenue
$59,395,247
Investment Income
$640,154
Other Revenue
$758,306
All Other Contributions
$7,741,017
Change in Net Assets
$3,382,381

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 Traded18$656,509Average Hi/low Mkt Price
Works of Art4$63,474Appraisal
Other Non Cash Contri Table6$6,550Estimated Value
Total Noncash Contributions28$726,533-

Audited Revenue Reconciliation

Revenue per Audited Statements
$44,481,739
Revenue Not Reported on Financial Statements
$25,190,796
Revenue Not Reported on Form 990
$0
Other Revenue Adjustments
$25,190,796
Total Revenue per Audited Statements
$44,481,739
Total Revenue per Form 990
$69,672,535
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$25,190,796
Salaries, Compensation, and Employee Benefits$23,743,653
Other Expenses$17,355,705
Total Fundraising Expense$2,216,032
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$25,190,796--$25,190,796
Other Salaries and Wages$15,451,493$1,120,486$580,087$17,152,066
Other Employee Benefits$2,583,426$439,774$237,388$3,260,588
All Other Expenses$2,472,309$417,914$147,676$3,037,899
Depreciation Depletion$1,992,897$124,139-$2,117,036
Payroll Taxes$1,057,533$103,962$72,360$1,233,855
Travel$1,106,999$36,204$56,891$1,200,094
Current Officers, Directors, Trustees, and Key Employees-$592,529$551,732$1,144,261
Information Technology$1,083,739$13,465$34,626$1,131,830
Office Expenses$801,953$76,909$97,765$976,627
Pension Plan Contributions$874,395$54,759$23,729$952,883
Advertising$535,957$21,718$194,180$751,855
Other Expenses$629,974$65,320$39,625$734,919
Interest$512,433$15,528-$527,961
Occupancy$289,355--$289,355
Insurance$149,958--$149,958
Fees for Service Investment Mgmnt Fees-$116,147-$116,147
Fees for Services Legal-$51,896-$51,896
Fees for Services Accounting-$42,117-$42,117
Fees for Services Lobbying-$3,500-$3,500
Total Functional Expenses$60,421,116$3,653,006$2,216,032$66,290,154

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$66,290,154
Expenses per Audited Statements$41,099,358
Total Expenses per Audited Statements$41,099,358
Expenses Not Reported on Financial Statements$25,190,796
Other Expense Adjustments$25,190,796
Expenses Not Reported on Form 990$0
International Activity

International Summary

Offices
0
Employees
0
Spending
$5,629,298

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
No
Transfers to foreign corporations
Yes

International Activities

RegionActivityServicesOfficesEmployeesSpending
Central America and the CaribbeanInvestmentsN/a00$5,629,298
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
Yes
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
-Part Owner of Sampson ConstructionIndependent ContractorNo$13,507,603
-Board Member of Blue Cross Blue SheildIndependent ContractorNo$2,838,416
-Board Member and Family Member Owns Stock in Electric Contracting CompanyIndependent ContractorNo$258,428
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Charitable Gift Annuities$1,023,093
Charitable Remainder Trust Obligations$43,963

Bond Issues

BondIssuerIssuedIssue PricePurpose
AThe City of Lincoln Nebraska2012-01-26$19,740,708Construct, equip, and improve facilities & refund prior bond issue 8/1/2002

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A$19,745,062$15,335,637$4,765,000$260,241

Bond Financing Compliance

No rebate due
No
Rebate not yet due
Yes
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
Business relationship with family members
No
Business relationship with organization members
Yes
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

Executive committee consists of board officers (chair, vice chair, secretary, treasurer) president of the university, bishop of the united methodist church having supervision in lincoln ne area, chairs of the standing committees, and two at-large members. Executive committee has authority to act on behalf of the board on all matters except for the following: presidential selection/termination; selection of members/officers of the board; amendments to the articles of incorporation and bylaws; revision of the statement of mission of the university; authorization of corporate indebtedness; approval of the annual budget.

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

The form 990 is prepared by the university's outside public accounting firm based on information provided by management. A draft of the return is reviewed by the appropriate university administrators. In addition, a copy is made available to all members of the board of governors to review and comment to the executive committee. In addition, a detailed review is conducted by the executive committee when the review is complete.

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

Members of the board of governors are given an annual conflict of interest statement to complete and sign. The university's conflict of interest policy is printed on the back of the form. The president's office collects the forms and retains them on file. The board's completed conflict of interest forms are disclosed to all board members. Individual members of governance with a conflict of interest may not vote on any issue in which they have a conflict of interest. The administrative council members also complete a conflict of interest form annually.

Form 990, Part VI, Section B, Line 15

The executive committee of the board of governors uses independent survey information comparing compensation among like institutions to set the compensation of the president and documents the deliberations and conclusions of this process. All compensation is documented in a contractual arrangement. This process last occurred in spring 2018. The president uses independent survey information comparing compensation among like institutions to set the compensation of the officers and key employees and documents the deliberations and conclusions of this process. The executive committee of the board of governors approves the compensation of the officers and key employees and documents the conclusions. This process last occurred in fall 2017.

Form 990, Part VI, Section C, Line 19

Governing documents, conflict of interest policy, and financial statements are available upon request.

Filing and Contact Details

Filer

Filer Name
Nebraska Wesleyan University
EIN
47-0376524
Phone
4024652119
Address
5000 SAINT PAUL AVENUE, LINCOLN, NE 68504-2794

Signing Officer

Name
Frederik Ohles
Title
President
Phone
4024652119
Signed
2019-02-18
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Frederik Ohles
Formed
1887
Legal Domicile
Ne
Voting Board Members
32
Independent Board Members
29
Employees
1,442
Volunteers
100

Preparer

Firm
Cliftonlarsonallen Llp
Address
220 SOUTH SIXTH STREET SUITE 300, MINNEAPOLIS, MN 55402
Preparer
Karen Gries
Phone
6123764500
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

Change in value of split interest agreements 200,249. Net change in beneficial interest in perpetual trusts 66,391. Net endowment earnings (losses) before appropriation 1,670,266. Change in net asset due to aduit adjustment -1,061.

Financial Statement Notes

PART III, LINE 4:

Art is displayed in current building on the way up to the president's office. They are in an academic building with significant student/faculty foot trafic. They are not considered to be on display as an art piece.

PART IV, LINE 2B:

The university holds and manages funds for the perkins loan program on behalf of the us department of education. In addition, the university maintains accounts on behalf of student organizations and other groups and individuals within the university community. All of these funds are considered to be agency funds (funds held for others) for financial reporting purposes because the university does not exercise control over how the funds are used.

PART V, LINE 4:

The university's endowment consists of approximately 60 individual funds established for a variety of purposes. The endowment includes both donor-restricted endowment funds and funds designated by the board of governors to function as endowment. The university's policy is to appropriate a spending distribution each year in accordance with a written investment policy for management of the endowment. The annual appropriation is allocated to various purposes depending on the restrictions or designations of the funds making up the endowment.

PART X, LINE 2:

The university is exempt from federal income tax under section 501(c)(3) of the internal revenue code. However, income from certain activities not directly related to the university's tax-exempt purpose is subject to taxation as unrelated business income. The university utilizes the provisions of fasb asc 7 40-10, accounting for uncertain tax positions. The university continually evaluates expiring statutes of limitations, audits, proposed settlements, changes in tax law, and new authoritative rulings. The university's tax returns are subject to review and examination by federal, state, and local authorities.

PART XI, LINE 4B - OTHER ADJUSTMENTS:

SCHOLARSHIPS 25,190,796.

PART XII, LINE 4B - OTHER ADJUSTMENTS:

SCHOLARSHIPS 25,190,796.

Raw XML AppendixShowing 400 of 1,187 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/Desc0INSTRUCTION - NEBRASKA WESLEYAN UNIVERSITY (NWU) IS A LIBERAL ARTS INSTITUTION DEDICATED TO ACADEMIC EXCELLENCE AND THE DEVELOPMENT OF THE INDIVIDUAL STUDENT. ALL ACADEMIC PROGRAMS CONSIST OF FACE-TO-FACE INSTRUCTION AND INTEGRATE THE LIBERAL ARTS PERSPECTIVE REGARDLESS OF MAJOR FIELD. EACH YEAR NWU SERVES APPROXIMATELY 1,500 TRADITIONAL AGE UNDERGRADUATES EARNING BACHELOR'S DEGREES ON A HIGHLY-RESIDENTIAL CAMPUS IN LINCOLN. IN ADDITION, APPROXIMATELY 600 ADULT NONTRADITIONAL PROGRAMS, INCLUDING AT A SITE IN OMAHA. NWU IS 8TH NATIONALLY IN ACADEMIC ALL-AMERICA AWARDS WITH 162. NWU HAS PRODUCED FOUR FULBRIGHT SCHOLARS A YEAR SIX TIMES SINCE 2000. NWU IS SECOND IN DIVISION III FOR NCAA POSTGRADUATE SCHOLARSHIPS, AND FIFTH FOR ALL U.S. SCHOOLS OF ALL SIZES.
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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$161$16.3$145$84.9$82.4$2.47
2023Detailed filing. Detailed filing data is available for this year.$150$17.3$132$77.7$79.7$1.96
2022Detailed filing. Detailed filing data is available for this year.$154$17.4$137$89.7$80.3$9.47
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$158$19.9$138$80.5$74.9$5.66
2020Detailed filing. Detailed filing data is available for this year.$137$21.0$116$78.7$76.3$2.38
2019Detailed filing. Detailed filing data is available for this year.$138$23.0$115$75.3$72.4$2.86
2018Detailed filing. Detailed filing data is available for this year.$138$25.3$113$69.7$66.3$3.38
2017Detailed filing. Detailed filing data is available for this year.$130$25.0$105$71.8$63.5$8.36
2016Detailed filing. Detailed filing data is available for this year.$116$24.9$91.0$62.7$59.9$2.80
2015Detailed filing. Detailed filing data is available for this year.$117$26.2$90.8$42.5$38.3$4.16
2014Detailed filing. Detailed filing data is available for this year.$115$27.1$88.2$43.5$36.7$6.77
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$106$27.4$78.2$36.4
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$99.6$28.7$70.9$37.2
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$101$25.7$74.8$35.4
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$93.3$26.3$67.0$34.7