Overview
What is Wilmington University Inc?
Wilmington University Inc, established in 1968, is a private higher education institution based in Delaware and New Jersey, providing undergraduate, graduate, and doctoral degrees to students of diverse ages and aspirations. Committed to excellence in teaching, the university offers career-oriented programs designed to prepare students for their careers, enhance their professional growth, and encourage lifelong learning. With a faculty made up of highly qualified full-time and part-time professionals, the university delivers its programs at convenient locations and times, ensuring accessibility and affordability. Wilmington University's mission emphasizes respect, integrity, and responsiveness to community needs, and it offers degrees in various fields, including business, education, liberal arts, health professions and natural sciences, social and behavioral sciences, and technology. In the 2021/22 academic year, the university served over 19,000 students and awarded 4,000 degrees. Additionally, it launched new degree programs, certificate programs, and program concentrations, and its colleges received notable accomplishments.
Official website here: www.wilmu.edu
What are the reviews and ratings of this charity?
Charity Navigator Rating 96% - Four-Star out of Four Star Rating
Wilmington University Inc has achieved a commendable Four-Star rating from Charity Navigator, reflecting its high level of accountability and financial health. Scoring 96% overall, the organization demonstrates strong management practices, with a majority of its board members being independent and effective oversight of financial statements.
The financial metrics also highlight the nonprofit’s stability, with a low liabilities to assets ratio of 19.14% and a substantial program expense ratio of 76.29%. This suggests that the majority of its funding is directed towards its programs, ensuring that resources are utilized effectively to fulfill its mission.
However, while the organization displays exceptional governance and financial practices, the review does not indicate any specific areas of improvement or limitations. Overall, Wilmington University Inc stands out as a well-managed nonprofit committed to transparency and accountability.
This AI summary has been generated from information found on Charity Navigator.
Is Wilmington University Inc legitimate?
Wilmington University Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Wilmington University Inc 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: $7,975,284
Professional Fundraising Fees: $0
Other Salaries and Wages: $53,941,037
For more financial information, click here
Official website here: www.wilmu.edu
What is the mission statement of Wilmington University Inc?
Wilmington University Inc, founded in 1968, is dedicated to providing excellence in higher education. Committed to accessibility, it offers opportunities for students of various ages, interests, and aspirations. The institution provides a range of career-oriented undergraduate and graduate degree programs, ensuring that students are prepared for their careers, improved competitiveness in the job market, and lifelong learning. The university's focus on individual attention ensures that its highly qualified faculty works closely with students, both full-time and part-time, to deliver programs that cater to their needs and convenience.
Official website here: www.wilmu.edu
Who is the CEO of Wilmington University Inc?
Lloyd A Ricketts is the Trustee of Wilmington University Inc.
Official website here: www.wilmu.edu
What is the revenue of Wilmington University Inc?
Wilmington University Inc's revenue in 2022 was $129,795,391.
Official website here: www.wilmu.edu
Who are the executives of Wilmington University Inc and what are their salaries?
The average compensation at Wilmington University Inc during 2022 was $29,303. There are 2113 employees at Wilmington University Inc.
Here are 32 key members and their salaries:
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- Compensation: $228,679
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- Other: $26,176
Official website here: www.wilmu.edu
Where can I find the form 990 for Wilmington University Inc?
Wilmington University Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.wilmu.edu
Learn more at the official website: www.wilmu.edu
Mission Statement of Wilmington University Inc
Wilmington University Inc, established in 1968, is a private institution of higher education committed to providing access to higher education for individuals of varying ages, interests, and aspirations. With a focus on excellence in teaching, the university offers undergraduate and graduate degree programs that are career-oriented and relevant to the current job market. Its mission is to prepare students for career advancement, improve their competitiveness, and encourage lifelong learning.
The university's faculty, comprised of highly qualified full-time and part-time educators, work closely together to deliver programs that meet the needs of a diverse student population. Wilmington University's programs are designed to be convenient and affordable, allowing students to pursue their education at a time and location that suits them best. The institution takes pride in its individual attention to students, ensuring they receive the support they need to succeed in their academic and professional pursuits.
Wilmington University's dedication to excellence in teaching extends beyond the classroom. The institution offers a range of programs and services that cater to the unique needs of its students. These resources include career services, academic support, and student organizations. By providing opportunities for students to engage in extracurricular activities and connect with their peers, Wilmington University fosters a vibrant and inclusive learning community.
In summary, Wilmington University Inc, a private higher education institution with a rich history, is committed to providing access to quality education for individuals from all walks of life. Through its focus on teaching excellence, career-oriented programs, and student support services, the university empowers students to reach their full potential and achieve their professional goals.
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Impact
October, 2024
Wilmington University Inc has made a substantial impact on higher education in Delaware and New Jersey since its establishment in 1968. As an open-access private institution, it promotes educational opportunities for a diverse student body, serving 19,280 individuals during the 2022 fiscal year. The university is dedicated to maintaining a respectful and inclusive environment while prioritizing integrity and community responsiveness.
Wilmington University offers a wide array of undergraduate, graduate, and doctoral programs across various disciplines, including business, education, health professions, social and behavioral sciences, and technology. Its commitment to practical application in education, guided by experienced faculty, equips students with the skills necessary for the evolving job market. This approach ensures that graduates are not only academically prepared but also workplace-ready.
Significantly, the university has introduced new degree and certificate programs in response to community needs and industry trends. For instance, recent offerings like the Master of Science in Professional Studies and certificates in cybersecurity and supply chain management demonstrate its proactive stance on relevant education.
Additionally, Wilmington University emphasizes career-oriented education, engaging local partnerships to enhance its curriculum and provide real-world training opportunities. Collaborations with organizations like Beebe Healthcare have led to extensive employee training programs, further reflecting the university's role in community development and workforce readiness.
Overall, Wilmington University Inc plays a crucial role in expanding access to quality education, fostering lifelong learning, and responding to the needs of its community through innovative academic offerings and partnerships.
This information is meant to be a general summary of Wilmington University Inc. 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $18,140,749
- Program Service Revenue: $100,275,961
- Gross Receipts: $304,211,258
Assets and Liabilities:
- Total Assets: $291,760,814
- Total Liabilities: $20,405,983
- Net Assets: $271,354,831
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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
$96,756,375
SALES OF AUXILIARY SVCS
Revenue
$3,040,326
MISCELLANEOUS INCOME
Revenue
$479,260
Organization Details
Founding Year
1968
Phone
(302) 356-6915Principal Officer
Lloyd A Ricketts
Main Address
320 NORTH DUPONT HIGHWAY, NEW CASTLE, DE, 19720
Website
www.wilmu.eduNTEE Category
Code: B40 - Education
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