Wesleyan University
86% goes to programs $21 to raise $100 Strong reserves Growing revenue
Wesleyan University is a 501(c)(3) organization based in Middletown, Connecticut, registered in 1943, with $448,995,000 in FY2023 revenue. CharityIndex grades it A, and it directs about 86% of spending to programs.
55 High St, Middletown, CT, 06457 EIN 06-0646959 Since 1943
Revenue (FY2023)
$449.0M
▲ 55.1% vs prior year
Education median: $200K
Expenses (FY2023)
$373.7M
Net assets
$1.9B
Employees
3,706
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 rating86% to programs · $21 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 Wesleyan University: 86% to programs · $21 to raise $100 earns a A on this criterion. See the exact thresholds →
B+Financial health25% of the rating61 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 Wesleyan University: 61 mo reserves · +17% margin earns a B+ 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 Wesleyan University: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
A+Transparency10% of the rating5 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 Wesleyan University: 5 of 5 disclosure signals earns a A+ on this criterion. See the exact thresholds →
Show this grade on your website
A live seal — it updates automatically when the grade changes and links donors to this verified profile.
Mission
See schedule o
What they do
Auxiliary services and otherauxiliary services include the costs of room and board for approximately 3,000 students residing on a 316 acre campus. there are 8 residence halls, 7 apartment complexes and over 25 program houses in addition to over 140 house units on campus for upper-class students. working in partnership with students and collaboratively with other members of the wesleyan community, the office of residential life strives to provide a safe and supportive residential environment that complements and extends students' educational experience. student-centered programs and services are developed and implemented with an emphasis on holistic individual and community development, student leadership, individual responsibility, advocacy of academic inquiry, and freedom of thought, opinion and expression in the spirit of mutual respect. these are the hallmarks of the wesleyan residential experience, and they provide the essential foundation for a quality liberal arts education within a diverse and dynamic community.
Librarieslibrary expenses include acquisition of books, periodicals and other materials, compensation of staff, and other expenditures in support of the library. the mission of the library is to provide the information services and resources required to support the learning, teaching, and research of the wesleyan community.to carry out this mission the library will: - organize and provide intellectual and physical access to collections and information resources locally and world-wide- develop and preserve local collections - teach and guide users in the library research process - provide an atmosphere conducive to study, research, and learning - contribute to the larger scholarly worldthe wesleyan library will provide unexcelled services. it is a dynamic place where library staff provide users with the information they need, as well as a keen sense that there are many paths, and a wide range of skills necessary for the effective use and evaluation of information resources.
Student services includes the costs associated with administering the office of admissions, registrar, financial aid, career planning, health services, institutional research and dean's office.
Contact & location
- Address
- 55 High St, Middletown, CT, 06457
- City
- Middletown
- State
- Connecticut
- Category
- Education
- Subcategory
- Colleges & Universities
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $280.3M (FY2013) to $449.0M (FY2023) across 11 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $534.7MNet assets $1.9B
Operating margin
16.8%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$2.4B
Total liabilities
$534.7M
Net assets
$1.9B
Salaries & benefits
$161.3M
43% of expenses
Board members
37
35 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $448,995,000▲55.1% | $373,747,000▲6.1% | $1,895,074,000▲3.5% | $2,429,763,000▲2.4% | 990 |
| 2022 | $289,410,000▼4.0% | $352,224,000▲5.2% | $1,831,536,000▲1.1% | $2,371,732,000▲0.2% | 990 |
| 2021 | $301,412,000▼8.5% | $334,811,000▲13.8% | $1,811,742,000▼3.6% | $2,367,734,000▲1.6% | 990 |
| 2020 | $329,521,000▲0.9% | $294,089,000▲1.0% | $1,879,099,000▲47.7% | $2,329,320,000▲36.5% | 990 |
| 2019 | $326,592,000▲7.1% | $291,157,000▲0.2% | $1,272,619,000▲7.1% | $1,706,429,000▲10.7% | 990 |
| 2018 | $304,957,000▲6.5% | $290,552,000▲2.2% | $1,188,228,000▲2.9% | $1,541,592,000▲1.7% | 990 |
| 2017 | $286,232,000▼9.7% | $284,408,000▲5.2% | $1,155,049,000▲10.2% | $1,515,172,000▲8.0% | 990 |
| 2016 | $317,093,000▲12.1% | $270,476,000▲4.2% | $1,047,741,000▲14.3% | $1,402,849,000▲10.6% | 990 |
| 2015 | $282,982,000▼4.2% | $259,506,000▲4.0% | $916,998,000▼5.8% | $1,267,936,000▲1.1% | 990 |
| 2014 | $295,281,000▲5.4% | $249,609,000▲3.9% | $972,979,000▲4.7% | $1,254,076,000▲3.2% | 990 |
| 2013 | $280,261,000 | $240,153,000▲0.9% | $929,455,000▲14.0% | $1,215,640,000▲10.1% | 990 |
| 2012 | — | $237,964,000▲1.0% | $815,131,000▲9.9% | $1,104,160,000▲8.1% | 990 |
| 2011 | — | $235,585,000▲4.4% | $741,411,000▲2.5% | $1,021,730,000▲1.7% | 990 |
| 2010 | — | $225,591,000▲2.5% | $723,439,000▲19.9% | $1,004,790,000▲11.0% | 990 |
| 2009 | — | $220,162,000 | $603,196,000 | $905,243,000 | 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 (FY2023)
Highest-paid: Michael S Roth — $2,403,635 (0.64% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Michael S Roth | President and Trustee | 38 | $2,403,635 |
| Anne Martin | Chief Investment Officer | 38 | $1,335,882 |
| Jonathan Don Farrar | Director of Investments | 38 | $625,059 |
| Matthew Magenheim | Director Investment Office | 38 | $475,348 |
| Andrew Tanaka | Svp, Chief Admin Off. & Tr | 38 | $388,023 |
| Frantz Williams Jr | Vp For Advancement | 38 | $345,428 |
| Brett A Salafia | Director, Ops & Invest | 38 | $339,118 |
| Nicole Lynn Stanton | Provost, Sr Vp Academic Af | 38 | $309,640 |
| David Stuart Winakor | General Counsel/secretary | 38 | $287,486 |
| Ishita Mukerji | Professor | 38 | $267,990 |
| Renell M Wynn | Vp For Communications | 38 | $267,450 |
| Michael J Whaley | Vp For Student Affairs | 38 | $261,313 |
| Lisa C Dierker | Professor | 38 | $261,063 |
| Amin Abdul-malik Gonzalez | Vp & Dean of Admin/fin Aid | 38 | $233,912 |
| Dave Baird | Vice President For It/cio | 38 | $232,597 |
| Joseph M Siry | Chair of Faculty | 38 | $202,484 |
| Gary Shaw | Fmr Chair of Faculty | 38 | $194,564 |
| Sean Mccann | Fmr Chair of Faculty | 38 | $187,373 |
| Andrea L Patalano | Fmr Chair of Faculty | 38 | $170,660 |
| Adam C Bird | Trustee | 1 | — |
Top vendors & contractors (FY2023)
| Contractor | Services | Paid |
|---|---|---|
| Fip Construction Inc | Construction Services | $20,753,910 |
| Compass Group USA Inc | Dining Services | $7,517,246 |
| Smg Corporate Services | Custodial Services | $4,199,355 |
| Accenture LLP | Consultant Fees | $2,888,597 |
| Az Corporation | Construction Services | $1,620,246 |
Grants received · $78.7M total
378 grants to Wesleyan University totaling $78.7M, reported by foundations on their Schedule I filings — showing the 15 most recent.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Jewish Communal Fund | In furtherance of grantee's tax-exempt purpose | 2024 | $1,197,000 |
| Impactassets Inc | General support | 2024 | $375,000 |
| American Online Giving Foundation Inc | General support | 2024 | $173,624 |
| Gs Donor Advised Philanthropy Fund For Wealth Management Inc | Education | 2024 | $158,000 |
| Raymond James Charitable Endowment Fund | General support | 2024 | $150,862 |
| Hispanic Federation Inc | Donor-advised | 2024 | $150,000 |
| Morgan Stanley Global Impact Funding Trust Inc | Unrestricted general support | 2024 | $115,879 |
| American Endowment Foundation | Educational | 2024 | $99,500 |
| Ayco Charitable Foundation | Education | 2024 | $62,700 |
| The New York Community Trust | For program support. | 2024 | $50,000 |
| T Rowe Price Program For Charitable Giving Inc | Multiple | 2024 | $42,099 |
| Santa Barbara Foundation | Education and youth development | 2024 | $25,000 |
| The New York Community Trust | For a scholarship award. | 2024 | $20,000 |
| Silicon Valley Community Foundation | Education | 2024 | $15,000 |
| New Hampshire Charitable Foundation | For a designated distribution | 2024 | $12,532 |
Grants made · $44K in FY2023
1 grant totaling $44K in FY2023. All grants made by Wesleyan University →
| Recipient | Purpose | Amount |
|---|---|---|
| City of Middletown | Unrestricted | $44,088 |
Similar organizations in Education
Education
Fairfield University
Fairfield, CT
$489.3M
Aannual revenue
Education
University of New Haven
West Haven, CT
$379.7M
Aannual revenue
Education
Sacred Heart University
Fairfield, CT
$540.0M
Aannual revenue
Education
Quinnipiac University
Hamden, CT
$595.3M
Aannual revenue
Education
University of Hartford
West Hartford, CT
$287.5M
B+annual revenue
Education
Trinity College
Hartford, CT
$272.9M
Aannual revenue
Education
Connecticut College
New London, CT
$191.8M
B+annual revenue
Education
Achievement First Brooklyn Charter Schools
New Haven, CT
$190.4M
Aannual revenue
Education
Area Cooperative Educational Services
New Haven, CT
$176.8M
Aannual revenue
Education
University of Connecticut Foundation Incorporated
Storrs, CT
$139.3M
Bannual revenue
Compare Wesleyan University
Frequently asked questions
- Is Wesleyan University a legitimate nonprofit?
- Yes. Wesleyan University is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 06-0646959, based in Middletown, Connecticut. Donations are tax-deductible.
- What is Wesleyan University's EIN?
- Wesleyan University's Employer Identification Number (EIN) is 06-0646959.
- How much revenue does Wesleyan University report?
- Wesleyan University reported $448,995,000 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- How much of Wesleyan University's spending goes to programs?
- Wesleyan University spends about 86% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Wesleyan University have?
- CharityIndex grades Wesleyan University A, based on program efficiency and fundraising cost.
- How much does Wesleyan University's highest-paid employee make?
- The highest reported compensation on Wesleyan University's latest Form 990 is $2,403,635, paid to Michael S Roth (President and Trustee).
More nonprofits in Middletown
Explore more
Data for Wesleyan University (EIN 06-0646959) 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.