Indiana Wesleyan University
89% goes to programs $6 to raise $100 Strong reserves Growing revenue
Indiana Wesleyan University is a 501(c)(3) organization based in Marion, Indiana, registered in 1951, with $269,090,976 in FY2024 revenue. CharityIndex grades it A, and it directs about 89% of spending to programs.
4201 South Washington Street, Marion, IN, 46953 EIN 35-0885591 Since 1951
Revenue (FY2024)
$269.1M
▲ 19.0% vs prior year
Education median: $200K
Expenses (FY2024)
$223.1M
Net assets
$625.7M
Employees
3,690
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A
AProgram efficiency40% of the rating89% to programs · $6 to raise $100
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For Indiana Wesleyan University: 89% to programs · $6 to raise $100 earns a A on this criterion. See the exact thresholds →
AFinancial health25% of the rating34 mo reserves · +17% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Indiana Wesleyan University: 34 mo reserves · +17% margin earns a A on this criterion. See the exact thresholds →
A+Governance25% of the rating6 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Indiana Wesleyan University: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
ATransparency10% of the rating4 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Indiana Wesleyan University: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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Mission
Indiana wesleyan university is a christ-centered academic community committed to changing the world by developing students in character, scholarship, and leadership
Contact & location
- Address
- 4201 South Washington Street, Marion, IN, 46953
- City
- Marion
- State
- Indiana
- Category
- Education
- Subcategory
- Colleges & Universities
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $226.2M (FY2013) to $269.1M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $60.0MNet assets $625.7M
Operating margin
17.1%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$685.7M
Total liabilities
$60.0M
Net assets
$625.7M
Salaries & benefits
$100.6M
45% of expenses
Board members
26
19 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $269,090,976▲19.0% | $223,084,044▲4.7% | $625,674,684▲12.7% | $685,685,861▲11.6% | 990 |
| 2023 | $226,049,056▲14.3% | $213,017,671▲6.3% | $555,290,087▲6.9% | $614,595,507▲7.4% | 990 |
| 2022 | $197,828,333▼6.8% | $200,454,828▼6.2% | $519,628,778▲7.1% | $572,069,015▲6.9% | 990 |
| 2021 | $212,201,058▲0.4% | $213,678,137▲3.8% | $485,132,890▼8.0% | $535,078,455▼7.2% | 990 |
| 2020 | $211,253,299▲1.5% | $205,931,732▼0.6% | $527,479,504▲15.2% | $576,888,484▲13.3% | 990 |
| 2019 | $208,118,995▼5.3% | $207,113,282▼2.2% | $457,997,378▼1.8% | $509,326,465▼2.4% | 990 |
| 2018 | $219,854,843▼2.3% | $211,866,407▼2.0% | $466,362,936▲2.2% | $521,839,306▲1.9% | 990 |
| 2017 | $225,099,742▲2.2% | $216,163,600▼0.3% | $456,129,969▲3.7% | $512,243,031▲2.7% | 990 |
| 2016 | $220,162,282▼2.1% | $216,902,960▼0.2% | $440,000,159▲4.5% | $498,667,818▲3.9% | 990 |
| 2015 | $224,787,145▼1.7% | $217,353,837▲0.1% | $421,121,407▼0.4% | $480,050,683▲0.3% | 990 |
| 2014 | $228,769,168▲1.1% | $217,121,849▲5.7% | $422,981,562▲2.0% | $478,442,166▲1.6% | 990 |
| 2013 | $226,180,003 | $205,335,163▲0.5% | $414,579,404▲9.4% | $470,903,483▲7.7% | 990 |
| 2012 | — | $204,230,073▲0.6% | $378,931,830▲5.2% | $437,048,714▲3.4% | 990 |
| 2011 | — | $203,017,356▲18.2% | $360,113,533▲2.3% | $422,475,725▲4.0% | 990 |
| 2010 | — | $171,764,904▲4.2% | $352,174,844▲10.0% | $406,214,048▼3.4% | 990 |
| 2009 | — | $164,813,028 | $320,136,017 | $420,531,963 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2024)
Highest-paid: Jonathan S Kulaga — $318,645 (0.14% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Jonathan S Kulaga | University President | 39 | $318,645 |
| Eulala Eileen Hulme | Chancellor of National Global | 39 | $171,052 |
| Greg Tonagel | Head Coach, Men's Basketball | 40 | $169,761 |
| Tod Dalberg | Evp/chief Innovation & Strategy Officer | 40 | $164,853 |
| Robert Friberg | Professor/program Director, Dpt | 40 | $149,817 |
| Karen Dowling | Exec Vp/chief People & Culture Officer | 40 | $147,929 |
| Warren Rogers | Professor, Blanchard Endowed Chair | 40 | $145,717 |
| Tiffany Lewis | Interim Cfo (end 7/7/24) | 40 | $124,505 |
| Jeff Rayis | Cfo (beg 7/8/24) | 40 | $105,266 |
| Barry Hines | Trustee | 1 | — |
| Brian Harlow | Trustee | 1 | — |
| Carl Shepherd | Trustee | 1 | — |
| Christopher Conrad | Trustee | 1 | — |
| Cindy Krall | Trustee | 1 | — |
| Dale Sloan | Trustee | 1 | — |
| David Dimmich | Trustee | 1 | — |
| Debbye Turner Bell | Trustee | 1 | — |
| Diane Foley | Trustee | 1 | — |
| Donald Cady | Trustee | 1 | — |
| Gary Ott | Trustee | 1 | — |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Google LLC | Advertising Services | $6,860,127 |
| Slingshot LP | Bookstore | $5,565,424 |
| Pioneer College Caterers | Food Service | $5,164,518 |
| Echopoint Media | Media Services | $4,408,693 |
| Vesta Technology Solutions LLC | Recruitment | $4,027,200 |
Grants received · $9.2M total
69 grants to Indiana Wesleyan University totaling $9.2M, reported by foundations on their Schedule I filings — showing the 15 most recent.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| National Christian Charitable Foundation | Colleges and universities | 2024 | $199,000 |
| International Generosity Foundation Trust | Promotion of christian faith | 2024 | $50,000 |
| Charities Aid Foundation America | Charitable donation | 2024 | $30,345 |
| University of Indianapolis | Reimbursing schools for teacher stipends, supplies, and equipment that are related to the purpose of the grant/contract | 2023 | $959,444 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2023 | $536,700 |
| Early Learning Indiana Inc | Early years initiative | 2023 | $345,000 |
| National Christian Charitable Foundation | Growth | 2023 | $199,273 |
| Vanguard Charitable Endowment Program | For recipient's exempt purpose | 2023 | $50,000 |
| Charities Aid Foundation America | Charitable donation | 2023 | $21,114 |
| Thrivent Charitable Impact & Investing | General support | 2023 | $10,000 |
| American Endowment Foundation | Educational | 2023 | $10,000 |
| Donor Advised Charitable Giving | Education | 2023 | $9,901 |
| University of Indianapolis | Reimbursing schools for teacher stipends, supplies, and equipment that are related to the purpose of the grant/contract | 2022 | $1,287,694 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2022 | $539,592 |
| National Christian Charitable Foundation | Growth | 2022 | $253,500 |
Grants made · $73K in FY2024
9 grants totaling $73K in FY2024. All grants made by Indiana Wesleyan University →
| Recipient | Purpose | Amount |
|---|---|---|
| United Way of Grant County Indiana Inc | Day of action campaign support | $15,000 |
| Bridges To Health Inc | Healthcare services to uninsured residents of grant county | $12,000 |
| Boys & Girls Club of Grant County | Expand academic support and tutoring services, especially in reading and math; enhance youth leadership and character-building programs; provide healthy meals and snacks for club members; support transportation needs to ensure all youth can access the program safely; invest in staff training and development to ensure the highest quality of care | $10,000 |
| Grant-blackford Mental Health Inc | Annual campaign support | $10,000 |
| Marion Public Library Foundation | Story walk installation at matter park | $6,000 |
| Circles of Grant County Inc | Updated office technology; meals for tuesday night program; circle leader orientation & supplies; educational toys, books, and supplies for youth development activities | $5,000 |
| Convoy of Hope | California wildfire response efforts | $5,000 |
| Youth For Christ USA Inc | Bigjaws chapter wide silver sponsor | $5,000 |
| St Martin De Porres Center Inc | Meals, pantry items, and essential resources to residents of grant county | $5,000 |
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Compare Indiana Wesleyan University
Frequently asked questions
- Is Indiana Wesleyan University a legitimate nonprofit?
- Yes. Indiana Wesleyan University is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 35-0885591, based in Marion, Indiana. Donations are tax-deductible.
- What is Indiana Wesleyan University's EIN?
- Indiana Wesleyan University's Employer Identification Number (EIN) is 35-0885591.
- How much revenue does Indiana Wesleyan University report?
- Indiana Wesleyan University reported $269,090,976 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of Indiana Wesleyan University's spending goes to programs?
- Indiana Wesleyan University spends about 89% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Indiana Wesleyan University have?
- CharityIndex grades Indiana Wesleyan University A, based on program efficiency and fundraising cost.
- How much does Indiana Wesleyan University's highest-paid employee make?
- The highest reported compensation on Indiana Wesleyan University's latest Form 990 is $318,645, paid to Jonathan S Kulaga (University President).
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Data for Indiana Wesleyan University (EIN 35-0885591) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.