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Indiana Wesleyan University

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 350885591 ✦ Marion, IN ✦ Designated as a 501(c)(3)

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Overview

What is Indiana Wesleyan University?

Indiana Wesleyan University is a Christ-centered academic community based in Marion, Indiana, with a committed workforce of 3851 individuals. They offer a wide range of liberal arts instruction and provide essential services such as textbook distribution and residential dining for their students. The university's mission is to seek truth through learning in various disciplines, adhering to Christian faith and philosophy. Their primary goal is to develop students in character, scholarship, and leadership, preparing them for service to God and society.


Official website here: www.indwes.edu

What are the reviews and ratings of this charity?

Rating from Charity Navigator: 96%, Four-Star out of Four Star rating.

Indiana Wesleyan University has received a strong rating of 96% from Charity Navigator, highlighting its exceptional accountability and financial practices. The organization excels in governance, with 70% of its board being independent, and it demonstrates a commitment to transparency through comprehensive financial oversight and policy adherence. The university's financial management is evidenced by a low liabilities-to-assets ratio and a high program expense ratio, indicating effective use of funds towards its mission.

The organization has also implemented robust policies concerning conflict of interest, whistleblower protection, and document retention, which contribute to its overall governance quality. Additionally, the availability of board meeting minutes adds a layer of transparency that is valued by stakeholders. These strengths reflect Indiana Wesleyan University's dedication to responsible management and ethical operation.

However, while the financial and accountability scores are impressive, the summary provided does not include information about the university's programmatic impact or community engagement. Future evaluations could benefit from insights into how effectively it fulfills its educational mission beyond the financial metrics.


This AI summary has been generated from information found on Charity Navigator.

Is Indiana Wesleyan University legitimate?

Indiana Wesleyan University is a legitimate nonprofit organization registered as a 501(c)(3) entity. Indiana Wesleyan University submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $871,234
Professional Fundraising Fees: $246,586
Other Salaries and Wages: $69,280,954

For more financial information, click here


Official website here: www.indwes.edu

What is the mission statement of Indiana Wesleyan University?

Indiana Wesleyan University is a Christ-centered academic community with a mission to change the world. This institution is dedicated to developing students in character, scholarship, and leadership. Indiana Wesleyan University's purpose extends beyond academics, as it seeks truth through study in liberal arts and professional education within the context of Christian faith and philosophy. By doing so, it aims to prepare individuals for service to both God and humanity in the church and in society. The university offers a diverse range of instruction in the liberal arts curriculum, as well as essential services such as textbook distribution and residential dining for students.


Official website here: www.indwes.edu

Who is the CEO of Indiana Wesleyan University?

Nancy Schoonmaker is the President Emeritus of Indiana Wesleyan University.


Official website here: www.indwes.edu

What is the revenue of Indiana Wesleyan University?

Indiana Wesleyan University's revenue in 2023 was $197,828,333.


Official website here: www.indwes.edu

Who are the executives of Indiana Wesleyan University and what are their salaries?

The average compensation at Indiana Wesleyan University during 2023 was $18,217. There are 3851 employees and 340 volunteers at Indiana Wesleyan University.


Here are 39 key members and their salaries:


David Wright (President Emeritus)
  • Compensation: $228,820
  • Related: $0
  • Other: $52,759
Rod Reed End 1222 (Chancellor/ National & Global)
  • Compensation: $140,781
  • Related: $0
  • Other: $70,547
Karen Dowling (Vp For Diversity)
  • Compensation: $146,316
  • Related: $0
  • Other: $49,460
Carson Castleman (Vp Of Student Experience)
  • Compensation: $168,604
  • Related: $0
  • Other: $27,148
Eulala Eileen Hulme (Chancellor/National & Global)
  • Compensation: $160,158
  • Related: $0
  • Other: $28,111
Nancy Schoonmaker (Executive Vp And Cfo)
  • Compensation: $154,859
  • Related: $0
  • Other: $28,416
Scott Turcott (Vp Of University Advancement)
  • Compensation: $139,563
  • Related: $0
  • Other: $36,236
Silvia Lucaschi-Decker (Vp Of Enroll Mgmt (Left 2/23))
  • Compensation: $136,868
  • Related: $0
  • Other: $32,261
Jon Kulaga Began 0822 (University President)
  • Compensation: $136,448
  • Related: $0
  • Other: $32,412
Donald Cady (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Steven Deneff (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kevin Myers (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Carl Shepherd (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dale Sloan (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michael Colaw Began 0123 (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Thomas Schmidt (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Steven Edmondson (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mark Meeks End 1222 (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Christopher Conrad (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Paul Anthes (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Barry Hines (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Shawn Cossin End 0822 (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Connie Erpelding (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Sharon Epps (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Petra Ray (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Santiago Jaramillo End 1222 (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jeffrey Freeman (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ryan Frank (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Evan Longstreth (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Nathan Hoover End 1022 (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Don Ott End 0922 (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Gary Ott (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Debbye Turner Bell (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
David Dimmich (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Brian Harlow (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
James Poore Ii (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Yaremi Alicea Morales (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michael Carmichael (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Diane Foley (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.indwes.edu

Where can I find the form 990 for Indiana Wesleyan University?

Indiana Wesleyan University's most recent form 990 was submitted in 2023 and can be accessed here.


Official website here: www.indwes.edu

Learn more at the official website: www.indwes.edu

Mission Statement of Indiana Wesleyan University

Indiana Wesleyan University, a Christ-centered academic community, is dedicated to transforming the world by cultivating students in character, scholarship, and leadership. The university's purpose extends beyond academics, as it searches for truth through the study of liberal arts and professional education within the framework of Christian faith and philosophy. By developing individuals for service to God and man in the church and society, Indiana Wesleyan University sets itself apart.

The comprehensive instruction offered at Indiana Wesleyan University spans a wide range of disciplines in the liberal arts curriculum. Students are encouraged to explore various fields of knowledge, fostering a well-rounded education. In addition to this, the university offers essential services to enhance the student experience.

One such service is the textbook distribution program. This initiative ensures that students have access to the necessary materials for their classes, thus enabling them to focus on their studies rather than worrying about obtaining textbooks. Another vital service is the residential dining program. This service caters to students' nutritional needs, providing them with meals that fuel their bodies and minds, allowing them to fully engage in their academic pursuits and extracurricular activities. Together, these services contribute to an enriching and supportive learning environment at Indiana Wesleyan University.

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Impact




October, 2024

Indiana Wesleyan University (IWU) serves as a transformative academic community focused on nurturing students in character, scholarship, and leadership. Located in Marion, Indiana, IWU provides a comprehensive liberal arts curriculum that fosters critical thinking and moral reasoning, preparing students for meaningful contributions to both the church and society.

The university emphasizes the pursuit of truth through rigorous academic study intertwined with Christian faith and philosophy. This holistic approach empowers students to explore various disciplines while developing a strong ethical foundation.

Moreover, IWU enhances the student experience through various services, including textbook distribution, residential dining, and extensive support in their academic journeys. This commitment to student development and well-being reflects the institution's mission to develop individuals for service to God and humanity, ultimately impacting the broader community through educated, principled graduates.




This information is meant to be a general summary of Indiana Wesleyan University. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$197,828,333 (2023)
Expenses
$200,454,828 (2023)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Investment Income: $7,205,782
  • Program Service Revenue: $174,903,737
  • Gross Receipts: $290,126,131

Assets and Liabilities:

  • Total Assets: $572,069,015
  • Total Liabilities: $52,440,237
  • Net Assets: $519,628,778

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

TUITION AND FEES

Revenue

$149,466,736

FOOD SERVICE

Revenue

$9,121,826

RESIDENCE HALLS

Revenue

$8,758,038

CONFERENCES

Revenue

$1,907,181

BOOKSTORE

Revenue

$1,311,456

Organization Details

Founding Year

1920

Principal Officer

Nancy Schoonmaker

Main Address

4201 S WASHINGTON STREET, MARION, IN, 46953

NTEE Category

Code: B42Z - Education

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