Civic Intelligence

Wesleyan College

990 • Fiscal year 2015 • EIN 58-0593438

Jul 01, 2014 to Jun 30, 2015 • Filed on Oct 16, 2015

4760 Forsyth RoadMacon, GA 31210

(478) 477-1110

Siviq Scores

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

Liabilities / Assets

35th percentile

0.20x

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

2015 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2015

Liabilities / Revenue

73rd percentile

1.04x

Higher debt load relative to revenue than 73% of similar nonprofits.

2015 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2015

Net Margin

9th percentile

-14%

Higher net margin than 9% of similar nonprofits.

2015 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2015

Top Officer Pay

6th percentile

$156,029

Higher top officer pay than 6% of similar nonprofits.

Top officer pay equals 0.8% of source-year revenue.

2015 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2015

Asset Growth

29th percentile

-1.6%

Faster asset growth than 29% of similar nonprofits.

2015 filings • 501(c)3 • $100M-$250M nonprofits • Annualized from 2014 to 2015

Revenue Growth

8th percentile

-30%

Faster revenue growth than 8% of similar nonprofits.

2015 filings • 501(c)3 • $100M-$250M nonprofits • Annualized from 2014 to 2015

Assets

Down

$105,106,828

Down $1,654,868 (-1.6%) from 2014

Net Assets

Down

$84,094,090

Down $2,925,637 (-3.4%) from 2014

Liabilities

Up

$21,012,738

Up $1,270,769 (+6.4%) from 2014

Revenue

Down

$20,240,344

Down $8,732,698 (-30%) from 2014

Expenses

Up

$23,165,982

Up $602,691 (+2.7%) from 2014

Net Income

Down

-$2,925,638

Down $9,335,389 (-146%) from 2014

Historical Trend

Balance Sheet Trend

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

$150M$100M$50M$0Assets 2010: $85,096,669Liabilities 2010: $13,842,402Net Assets 2010: $71,254,2672010Assets 2011: $102,090,359Liabilities 2011: $20,809,577Net Assets 2011: $81,280,7822011Assets 2012: $96,556,328Liabilities 2012: $19,729,448Net Assets 2012: $76,826,8802012Assets 2013: $100,797,801Liabilities 2013: $20,187,826Net Assets 2013: $80,609,9752013Assets 2014: $106,761,696Liabilities 2014: $19,741,969Net Assets 2014: $87,019,7272014Assets 2015: $105,106,828Liabilities 2015: $21,012,738Net Assets 2015: $84,094,0902015Assets 2016: $100,740,405Liabilities 2016: $19,769,751Net Assets 2016: $80,970,6542016Assets 2017: $102,742,114Liabilities 2017: $18,602,460Net Assets 2017: $84,139,6542017Assets 2018: $100,599,518Liabilities 2018: $18,118,040Net Assets 2018: $82,481,4782018Assets 2019: $96,970,565Liabilities 2019: $16,536,034Net Assets 2019: $80,434,5312019Assets 2020: $93,556,815Liabilities 2020: $14,510,185Net Assets 2020: $79,046,6302020Assets 2021: $108,613,719Liabilities 2021: $14,036,919Net Assets 2021: $94,576,8002021Assets 2022: $99,050,163Liabilities 2022: $12,948,783Net Assets 2022: $86,101,3802022Assets 2023: $101,798,049Liabilities 2023: $12,599,352Net Assets 2023: $89,198,6972023Assets 2024: $105,632,762Liabilities 2024: $12,595,776Net Assets 2024: $93,036,9862024

Highlighted filing

2015

Assets$105,106,828
Liabilities$21,012,738
Net Assets$84,094,090

Operations Trend

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

$60M$40M$20M$0-$20MExpenses 2010: $19,849,5512010Expenses 2011: $20,383,1002011Expenses 2012: $21,135,9982012Revenue 2013: $25,660,756Expenses 2013: $21,877,661Net Income 2013: $3,783,0952013Revenue 2014: $28,973,042Expenses 2014: $22,563,291Net Income 2014: $6,409,7512014Revenue 2015: $20,240,344Expenses 2015: $23,165,982Net Income 2015: -$2,925,6382015Revenue 2016: $20,739,336Expenses 2016: $23,862,772Net Income 2016: -$3,123,4362016Revenue 2017: $26,748,530Expenses 2017: $23,579,530Net Income 2017: $3,169,0002017Revenue 2018: $22,335,355Expenses 2018: $23,993,531Net Income 2018: -$1,658,1762018Revenue 2019: $24,708,474Expenses 2019: $26,755,421Net Income 2019: -$2,046,9472019Revenue 2020: $22,907,446Expenses 2020: $24,295,347Net Income 2020: -$1,387,9012020Revenue 2021: $40,806,463Expenses 2021: $25,276,293Net Income 2021: $15,530,1702021Revenue 2022: $18,147,535Expenses 2022: $26,622,955Net Income 2022: -$8,475,4202022Revenue 2023: $30,767,587Expenses 2023: $27,670,270Net Income 2023: $3,097,3172023Revenue 2024: $34,048,696Expenses 2024: $30,210,407Net Income 2024: $3,838,2892024

Highlighted filing

2015

Revenue$20,240,344
Expenses$23,165,982
Net Income-$2,925,638
Jump To
Filing Snapshot
Filing Period
Jul 1, 2014 to Jun 30, 2015
Signed
Oct 16, 2015
Return Version
2014v5.0
Gross Receipts
$20,240,344
Mission and Program Overview

Mission

EDUCATIONAL INSTITUTION

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$43,932,514$41,908,215▼ $2,024,299
Land, Buildings, and Equipment, Net$29,290,172$34,652,150▲ $5,361,978
Investments Other Securities$16,154,008$18,124,291▲ $1,970,283
Cash and Non-Interest-Bearing Accounts$1,042,100$2,788,666▲ $1,746,566
Pledges and Grants Receivable$2,353,052$1,918,627▼ $434,425
Accounts Receivable$1,157,215$1,196,737▲ $39,522
Other Notes and Loans Receivable, Net$758,960$746,973▼ $11,987
Prepaid Expenses and Deferred Charges$173,206$166,049▼ $7,157
Savings and Temporary Cash Investments-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Program Related-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$106,761,696$105,106,828▼ $1,654,868
Other Assets Total$11,900,469$3,605,120▼ $8,295,349
Liabilities
Mortgage Notes Payable Secured by Investment Property$16,272,726$16,530,229▲ $257,503
Deferred Revenue$1,075,437$2,563,190▲ $1,487,753
Other Liabilities$1,596,618$1,527,970▼ $68,648
Accounts Payable and Accrued Expenses$797,188$391,349▼ $405,839
Total Liabilities$19,741,969$21,012,738▲ $1,270,769
Net Assets / Fund Balance
Permanently Rstr Net Assets$65,043,088$63,905,118▼ $1,137,970
Unrestricted Net Assets$9,674,388$14,932,130▲ $5,257,742
Temporarily Rstr Net Assets$12,302,251$5,256,842▼ $7,045,409
Total Net Assets Fund Balance$87,019,727$84,094,090▼ $2,925,637
Total Liabilities and Net Assets / Fund Balance$106,761,696$105,106,828▼ $1,654,868

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$27,920,896$18,577,228$46,498,124
Other Land Buildings$5,394,774$9,360,357$14,755,131
Leasehold Improvements$990,631$2,243,793$3,234,424
Land$238,991-$238,991
Equipment$106,858$115,526$222,384

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2014$63,204,600$-222,698▲ $1,111,649$-2,999,213$61,094,338
2013$59,037,979$136,697▲ $6,952,674$-2,922,750$63,204,600
2012$55,611,870$872,028▲ $5,391,644$-2,837,563$59,037,979
2011$59,044,677$452,212▼ $1,191,481$-2,693,538$55,611,870
2010$47,196,857$5,183,326▲ $9,241,558$-2,577,064$59,044,677
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Ruth A KnoxPresidentFT$147,029$9,000$156,029
Richard P MaierVice PresidentFT$140,005$8,782$148,787
Philip D TaylorProfessorFT$128,504$4,689$133,193
Vivia FowlerVice PresidentFT$111,151$6,948$118,099
Charles S FarrVice PresidentFT$107,459$6,453$113,912
Patricia M GibbsVice PresidentFT$104,625$6,371$110,996

Board Members and Trustees

NameTitle
See Attached List ofTrustee

Highest Paid Contractors

ContractorServicesLocationCompensation
Chris R Sheridan & CoConstructionP O Box 4441, Macon, GA 31208$3,272,044
Aramark CorporationFood ServicesPeachtree Dunwoody, Atlanta, GA 30308$988,021
National Management ResourcesJanitorial ServicesPO Box 1224, LaGrange, GA 30241$431,401
Hollis CompanyGeneral ContractorP O Box 7293, Macon, GA 31209$215,425
Hays ServicesHVAC Contractor4312 Interstate Drive, Macon, GA 31210$196,767
Revenue and Support

Revenue Composition

Contributions and Grants
$3,173,746
Program Service Revenue
$15,447,178
Investment Income
$1,145,528
Other Revenue
$473,892
All Other Contributions
$2,864,468
Change in Net Assets
$-2,925,638

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 Traded1$94,360Fair Market
Works of Art7$41,804Fair Market
Total Noncash Contributions8$136,164-

Audited Revenue Reconciliation

Revenue per Audited Statements
$15,012,546
Revenue Not Reported on Financial Statements
$5,227,798
Other Revenue Adjustments
$5,227,798
Total Revenue per Audited Statements
$15,012,546
Total Revenue per Form 990
$20,240,344
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$9,759,678
Other Expenses$8,471,708
Grants and Similar Amounts Paid$4,934,596
Total Fundraising Expense$726,146
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$6,029,872$695,129$422,545$7,147,546
Other Expenses$3,000,739$2,570,989$83,578$5,655,306
Grants to Domestic Individuals$4,918,856--$4,918,856
Other Employee Benefits$1,578,199$256,782$129,328$1,964,309
Depreciation Depletion$1,874,674--$1,874,674
Current Officers, Directors, Trustees, and Key Employees$233,216$323,912$90,695$647,823
Interest$632,786--$632,786
Fees for Service Investment Mgmnt Fees-$308,942-$308,942
Foreign Grants$10,000--$10,000
Grants to Domestic Orgs$5,740--$5,740
Total Functional Expenses$18,284,082$4,155,754$726,146$23,165,982

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$23,165,982
Expenses per Audited Statements$17,938,184
Total Expenses per Audited Statements$17,938,184
Expenses Not Reported on Financial Statements$5,227,798
Other Expense Adjustments$5,227,798
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Vanderbilt UniversityNashville, TN-ACC Culteral Programming$5,740

International Summary

Spending
$3,901,138

International Compliance

Foreign grant records maintained
Yes
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
No

International Activities

RegionActivityServicesOfficesEmployeesSpending
CaribbeanInvestmentsGrant for ACC00$3,891,138
East AsiaGrant-00$10,000
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

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Accrued Salary and Benefits$723,469
U.S. Government Loan Fund$435,259
Annuities Payable$163,190
Amts Held on Behalf of Others$138,409
Accrued Interest$67,643

Bond Issues

BondIssuerIssuedIssue PricePurpose
AMacon-Bibb County Urban D2012-07-19$10,300,000Refinance 2008 Revenue bond

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A$10,300,000$10,254,810$680,000$45,190

Bond Financing Compliance

No rebate due
No
Rebate not yet due
No
Form 8038-T filed
No
Gross proceeds invested
No
Gross proceeds invested in GIC
No
Exception to rebate
No
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
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 7A: How Members or Shareholders Elect Governing Body

The organization's board of trustees select members of the governing body as provided in the bylaws which are included as a part of this return.

Form 990, Part VI, Line 7B: Describe Decisions of Governing Body Approval by Members or Shareholders

Certain decisions of the governing body ar subject to approval by the board as provided in its bylaws, included herein.

Form 990, Part VI, Line 11B: Form 990 Review Process

Form 990 is reviewed by the President, Vice President of Fiscal Affairs, Controller and Fiscal Compliance Officer prior to submission.

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

The Board of Trustees regularly and consistently monitors and enforces compliance with the conflicts of interest policy - any conflicts are reviewed by the board of trustees.

Form 990, Part VI, Line 15A: Compensation Review & Approval Process - CEO, Top Management

The Board of Trustees evaluates the compensation package of the President of the College on an annual basis. The Board also reviews the pay rate increases for faculty and staff.

Form 990, Part VI, Line 15B: Compensation Review and Approval Process for Officers and Key Employees

The Board of Trustees evaluates the compensation package of the President of the College on an annual basis. The Board also reviews the pay rate increases for faculty and staff.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

The information is available upon request of the governing board. The Form 990 is available upon request as noted in Part IV, Section C, Line 18.

Filing and Contact Details

Filer

Filer Name
Wesleyan College
EIN
58-0593438
Phone
4784771110
Address
4760 FORSYTH ROAD, MACON, GA 31210

Signing Officer

Name
Richard P Maier
Title
Treasurer
Signed
2015-10-16
Discuss with paid preparer
Yes

Organization Details

Legal Domicile
Ga
Voting Board Members
33
Independent Board Members
33
Employees
590

Preparer

Firm
McNair McLemore Middlebrooks
Address
Post Office Box One, Macon, GA 31202-0001
Preparer
Jerry a Wolfe
Phone
4787466277
Supplemental Narrative

Additional Explanations

Other Changes In Net Assets Or Fund Balances - Other Increases

Rounding = $1

Financial Statement Notes

Part III, Line 4: Description of organization'S collections and how it furthers its purpose.

The Fine Arts collection consists of works of art and antiques. The collection is made available for various public exhibitions during the year. The College, by preserving the works of art, encourages the use of the collection for teaching, research and scholarship purposes.

Part V, Line 4: Intended uses of the endowment fund.

Earnings for operation of the College and scholarships

Part XI, Line 4B: Other revenue amounts included on 990 but not included in F/S

Financial Aid $4918856 Management Fees $308942

Part XII, Line 4B: Other revenue amounts included on 990 but not included in F/S

Financial Aid $4918856 Management Fees $308942

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IRS990/Form990PartVIISectionAGrp/PersonNm2Richard P Maier
IRS990/Form990PartVIISectionAGrp/PersonNm3Patricia M Gibbs
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Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$106$12.6$93.0$34.0$30.2$3.84
2023Detailed filing. Detailed filing data is available for this year.$102$12.6$89.2$30.8$27.7$3.10
2022Detailed filing. Detailed filing data is available for this year.$99.1$12.9$86.1$18.1$26.6$8.48
2021Detailed filing. Detailed filing data is available for this year.$109$14.0$94.6$40.8$25.3$15.5
2020Detailed filing. Detailed filing data is available for this year.$93.6$14.5$79.0$22.9$24.3$1.39
2019Detailed filing. Detailed filing data is available for this year.$97.0$16.5$80.4$24.7$26.8$2.05
2018Detailed filing. Detailed filing data is available for this year.$101$18.1$82.5$22.3$24.0$1.66
2017Detailed filing. Detailed filing data is available for this year.$103$18.6$84.1$26.7$23.6$3.17
2016Detailed filing. Detailed filing data is available for this year.$101$19.8$81.0$20.7$23.9$3.12
2015Detailed filing. Detailed filing data is available for this year.$105$21.0$84.1$20.2$23.2$2.93
2014Detailed filing. Detailed filing data is available for this year.$107$19.7$87.0$29.0$22.6$6.41
2013Summary only. Only limited summary data is available for this year.$101$20.2$80.6$25.7$21.9$3.78
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$96.6$19.7$76.8$21.1
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$102$20.8$81.3$20.4
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$85.1$13.8$71.3$19.8
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2015 filings • 501(c)3 • $100M-$250M nonprofits