Wheaton College serves Jesus Christ and advances His kingdom through excellence in liberal arts and graduate programs that educate the whole person to build the church and benefit society worldwide.

501(c)(3) charity; gifts are tax-deductible.
77¢ of each $1 spent went to programs.
Run by 76 volunteers and 2,802 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
6 of 6
filings with a surplus
Average surplus $45.6M a year · 21% of revenue · last 6 filings
Looks good: a surplus in 6 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
77%
of spending
Looks good: 77% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$3.1M
to officers and key staff · 2% of spending
Looks good: pay to officers and key staff is 2% of spending; 15% or less.
Pt VII · Sec A
3 mo
of spending, in cash
Plus $836.5M in investments, Pt X · Ln 11–13
Looks good: 3.4 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
4
named funders · $132K
Looks good: 4 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$179.8M
15% of total assets
Looks good: liabilities are 15% of assets; 50% or less.
Pt X · Ln 26
Independent board members
18
of 19 voting members
Looks good: 18 of 19 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$249.2M
+21% vs prior year
Spent
$197.8M
To programs
77%
Net assets
$1.0B
By yearFY2020–FY2025
Revenue
$249.2M
FY2025▲ +21%
Tap a bar for its year
Revenue by fiscal year
FY2020$176.9M
FY2021$280.8M
FY2022$231.5M
FY2023$181.6M
FY2024$206.5M
FY2025$249.2M
Expenses
$197.8M
FY2025▲ +7%
Tap a bar for its year
Expenses by fiscal year
FY2020$162.0M
FY2021$163.6M
FY2022$169.3M
FY2023$175.3M
FY2024$185.0M
FY2025$197.8M
Net assets
$1.0B
FY2025▲ +9%
Tap a bar for its year
Net assets by fiscal year
FY2020$761.4M
FY2021$927.0M
FY2022$813.8M
FY2023$857.8M
FY2024$924.2M
FY2025$1.0B

From the FY2025 Form 990 (year ending June 2025) · figures checked against the IRS filing · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jan 1976.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

77 cents of each dollar spent went to programs.

Program services 77% · $152.3M Management & general 19% · $38.2M Fundraising 4% · $7.3M

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

34 people listed on the 990; $3.1M paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
President/Trustee
$407,626Pt VII · Sec A
VP for Finance & Operations, Treasurer
$264,476Pt VII · Sec A
VP for Advancement & Alumni Relations
$252,997Pt VII · Sec A
Provost
$238,294Pt VII · Sec A
Chief Information Officer
$202,808Pt VII · Sec A
Investment Manager
$199,390Pt VII · Sec A
Professor of Psychology
$195,073Pt VII · Sec A
Chief Enrollment Management Officer
$189,316Pt VII · Sec A

Philip G Ryken’s $408K as President/Trustee is at the 27th percentile of top reported officer pay among 674 $100M+ education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Stanton Jones—————$480,421
Dale a Kemp—————$422,432
Philip G Ryken$407,626$389,576$380,220$338,341$363,618$376,846
J Chadwick Rynbrandt$264,476$282,882$280,866$257,084$266,444$122,780
Kirk D Farney$252,997$242,743$232,570$220,066$232,342$228,017
Karen Lee$238,294$229,159$224,322$212,624$104,245—
Margaret Diddams————$146,467$224,561
Alan Wolff$202,808$195,637$207,509———

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Wheaton College executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Provides Christ-centered liberal arts and graduate education to prepare students for service in the church and society worldwide, while offering on-campus housing and dining.

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Provided by the organization

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3 programs · $147.9M · in their own filed words · FY2024
01

Education and Instruction

The college offers undergraduate degrees in 50 areas of major study including 7 in the conservatory; 16 master of arts degrees, 4 post-baccalaureate certificates, and 3 doctoral degrees. There are approximately 2900 students enrolled at the college.

$105.3Mprogram expense
02

Student Services

Programs are provided for the enrichment of the students to allow them to experience life as a christian community. Wheaton college athletics sponsors 21 sports for male and female student athletes.

$28.9Mprogram expense
03

Auxiliary Enterprises

The college provides room and board for its students.

$13.7Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2025
See all 4 funders →
Grants paid · 208 grants · $271.9M · 2019–2024
Unitemized GrantFY2024$34,404,458
Unitemized GrantFY2024$15,140,671
Unitemized GrantFY2024$1,459,719
Unitemized GrantFY2024$1,200,006
Unitemized GrantFY2024$910,818
Unitemized GrantFY2024$257,892
Mars Hill Ministries INCOH · FY2024$250,000
Covenant Church of NaplesFL · FY2024$200,000
Grace Bible Presbyterian ChurchFY2024$40,000
Messiah Lutheran Church of RoanokeFY2024$16,000
Cef of Greater CincinnatiOH · FY2024$15,000
Village Chapel INCNC · FY2024$14,000
See all 208 grants →

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$249.2M
Ln 12
Fees for servicesLn 2g$142.0M
Investment incomeLn 3$56.9M
Gifts and grantsLn 1h$49.5M
Money outPt IX
$197.8M
Ln 25
Programscol B$152.3M
Managementcol C$38.2M
Fundraisingcol D$7.3M
Owns and owesPt X
$1.0B
net assets · Ln 32
Cash and savingsLn 1–2$56.7M
Total assetsLn 16$1.2B
LiabilitiesLn 26$179.8M
PeoplePt VI, VII
34
listed · VII A
PaidVII A15
Voting boardVI 1a19
IndependentVI 1b18
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$49.5M
Government grantsLn 1e$4.9M
Noncash giftsLn 1g$5.5M
Fees for servicesLn 2g$142.0M
Investment incomeLn 3$56.9M
Other incomeLn 4–11$928K
Gains on assetsLn 7$39.0M
Total revenueLn 12$249.2M
Assets in detailPt X, end of year
SavingsLn 2$56.7M
Cash and savings togetherLn 1–2$56.7M
InvestmentsLn 11–13$836.5M
Land, buildings, equipmentLn 10c$254.1M
Other assetsLn 15$13.1M
Total assetsLn 16$1.2B
LiabilitiesLn 26$179.8M
Net assetsLn 32$1.0B
OperationsPt I, VI
EmployeesI 52,802
VolunteersI 676
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$51.7M$56.7M
InvestmentsLn 11–13$766.0M$836.5M
Land, buildings, equipmentLn 10c$249.6M$254.1M
Total assetsLn 16$1.10B$1.18B
LiabilitiesLn 26$180.6M$179.8M
Net assetsLn 32$924.2M$1.00B
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$888K$888K
Grants to domestic individualsLn 2$53.4M$53.4M
Grants and assistance to foreign recipientsLn 3$3K$3K
Pay of current officers, directors and key staffLn 5$2.5M$676K$1.5M$300K
Pay of disqualified personsLn 6$338K$338K
Other salaries and wagesLn 7$60.3M$42.6M$12.9M$4.8M
Pension plan contributionsLn 8$2.8M$2.0M$605K$227K
Other employee benefitsLn 9$11.7M$8.3M$2.5M$938K
Payroll taxesLn 10$4.2M$3.0M$902K$338K
Legal feesLn 11b$266K$266K
Accounting feesLn 11c$234K$234K
Investment management feesLn 11f$370K$370K
Other fees for servicesLn 11g$9.4M$7.0M$2.4M$94K
Advertising and promotionLn 12$1.3M$363K$820K$161K
Office expensesLn 13$2.5M$1.5M$850K$74K
Information technologyLn 14$3.5M$1.3M$2.2M
OccupancyLn 16$6.8M$6.6M$136K$68K
TravelLn 17$3.8M$3.4M$152K$266K
Conferences, conventions and meetingsLn 19$413K$258K$155K
InterestLn 20$3.9M$3.9M
Depreciation, depletion and amortizationLn 22$16.1M$14.1M$1.9M
InsuranceLn 23$2.4M$567K$1.8M
Other expenses (24a–d)Ln 24$3.1M$1.7M$1.4M$36K
All other expensesLn 24e$7.5M$4.7M$2.8M$0
Total functional expensesLn 25$197.8M$152.3M$38.2M$7.3M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $249.2M$197.8M$51.5M$1.0B 990 PDF
FY2024 $206.5M$185.0M$21.5M$924.2M 990 PDF
FY2023 $181.6M$175.3M$6.3M$857.8M 990 PDF
FY2022 $231.5M$169.3M$62.2M$813.8M 990 PDF
FY2021 $280.8M$163.6M$117.2M$927.0M 990 PDF
FY2020 $176.9M$162.0M$14.8M$761.4M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support M · Noncash J · Pay O · Explanations
See the full FY2025 990 (6 parts)
Part I · Summary $249,246,344 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $42,298,290$49,459,723
I-9 Program service revenuePrior year $131,216,623$141,989,817
I-10 Investment incomePrior year $32,102,438$56,868,909
I-11 Other revenuePrior year $878,814$927,895
I-12 Total revenuePrior year $206,496,165$249,246,344
I-13 Grants and similar amounts paidPrior year $48,639,718$54,264,681
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $77,474,589$81,927,737
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $58,869,530$61,592,915
I-18 Total expensesPrior year $184,983,837$197,785,333
I-19 Revenue less expensesPrior year $21,512,328$51,461,011
Part VI · Governance 18 of 19 board members independent, 2 to look at
VI-1a Voting members of the governing body19
VI-1b Independent voting members18
VI-2 Family or business relationship among officers or directorsYes
VI-14 Document retention and destruction policyNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $249,246,344 across 12 lines filed
VIII-1d Related organizations$1,560,000
VIII-1e Government grants$4,926,759
VIII-1f All other contributions, gifts and grants$42,972,964
VIII-1g Noncash contributions (included above)$5,542,953
VIII-1h Total contributions, gifts and grants$49,459,723
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $141,989,817$141,989,817
VIII-3 Investment incomeUnrelated business $29,544 · Excluded from tax $17,856,839$17,886,383
VIII-5 RoyaltiesExcluded from tax $8,164$8,164
VIII-6 Net rental income or lossUnrelated business $450 · Excluded from tax $37,318$37,768
VIII-7 Net gain or loss on sales of assetsExcluded from tax $38,982,526$38,982,526
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $859,805 · Unrelated business $22,158$881,963
VIII-12 Total revenueRelated to mission $142,849,622 · Unrelated business $52,152 · Excluded from tax $56,884,847$249,246,344
Part IX · Statement of functional expenses $197,785,333 across 24 lines filed
IX-1 Grants to domestic organizationsPrograms $888,117$888,117
IX-2 Grants to domestic individualsPrograms $53,373,564$53,373,564
IX-3 Grants and assistance to foreign recipientsPrograms $3,000$3,000
IX-5 Pay of current officers, directors and key staffPrograms $675,995 · Management $1,527,247 · Fundraising $300,442$2,503,684
IX-6 Pay of disqualified personsManagement $338,460$338,460
IX-7 Other salaries and wagesPrograms $42,591,857 · Management $12,888,792 · Fundraising $4,824,404$60,305,053
IX-8 Pension plan contributionsPrograms $2,000,270 · Management $605,305 · Fundraising $226,572$2,832,147
IX-9 Other employee benefitsPrograms $8,281,583 · Management $2,506,104 · Fundraising $938,060$11,725,747
IX-10 Payroll taxesPrograms $2,982,342 · Management $902,492 · Fundraising $337,812$4,222,646
IX-11b Legal feesManagement $265,658$265,658
IX-11c Accounting feesManagement $234,287$234,287
IX-11f Investment management feesManagement $369,528$369,528
IX-11g Other fees for servicesPrograms $6,974,131 · Management $2,356,125 · Fundraising $94,245$9,424,501
IX-12 Advertising and promotionPrograms $363,037 · Management $820,196 · Fundraising $161,350$1,344,583
IX-13 Office expensesPrograms $1,534,583 · Management $849,738 · Fundraising $73,743$2,458,064
IX-14 Information technologyPrograms $1,325,176 · Management $2,202,094$3,527,270
IX-16 OccupancyPrograms $6,573,443 · Management $135,535 · Fundraising $67,767$6,776,745
IX-17 TravelPrograms $3,385,748 · Management $152,168 · Fundraising $266,295$3,804,211
IX-19 Conferences, conventions and meetingsPrograms $257,936 · Management $155,220$413,156
IX-20 InterestManagement $3,910,362$3,910,362
IX-22 Depreciation, depletion and amortizationPrograms $14,136,612 · Management $1,947,947$16,084,559
IX-23 InsurancePrograms $566,687 · Management $1,817,340$2,384,027
IX-24 Other expenses (24a–d)Programs $1,692,066 · Management $1,388,391 · Fundraising $35,558$3,116,015
IX-24e All other expensesPrograms $4,669,773 · Management $2,810,176 · Fundraising $0$7,479,949
IX-25 Total functional expensesPrograms $152,275,920 · Management $38,183,165 · Fundraising $7,326,248$197,785,333
Part X · Balance sheet $1,183,288,122 assets, 19 lines filed
Asset lines not itemized here account for $3,814,991; see the IRS return.
X-2 Savings and temporary cash investmentsStart of year $51,738,926$56,658,912
X-3 Pledges and grants receivableStart of year $14,431,680$8,649,845
X-4 Accounts receivableStart of year $3,767,505$7,345,716
X-9 Prepaid expenses and deferred chargesStart of year $2,578,680$3,161,364
X-10c Land, buildings and equipment, netStart of year $249,625,062$254,108,331
X-11 Publicly traded securitiesStart of year $655,915,226$707,275,018
X-12 Other securitiesStart of year $108,629,045$127,724,093
X-13 Program-related investmentsStart of year $1,437,569$1,476,917
X-15 Other assetsStart of year $12,814,801$13,072,935
X-16 Total assetsStart of year $1,104,861,704$1,183,288,122
X-17 Accounts payable and accrued expensesStart of year $11,807,935$14,782,899
X-19 Deferred revenueStart of year $5,190,303$6,720,324
X-24 Unsecured notes and loans payableStart of year $72,000,000$72,000,000
X-25 Other liabilitiesStart of year $91,635,594$86,324,301
X-26 Total liabilitiesStart of year $180,633,832$179,827,524
X-27 Net assets without donor restrictionsStart of year $349,472,057$369,532,947
X-28 Net assets with donor restrictionsStart of year $574,755,815$633,927,651
X-32 Total net assets or fund balancesStart of year $924,227,872$1,003,460,598
X-33 Total liabilities and net assetsStart of year $1,104,861,704$1,183,288,122
Part XI · Reconciliation of net assets $1,003,460,598 net assets at year end
XI-1 Total revenue$249,246,344
XI-2 Total expenses$197,785,333
XI-3 Revenue less expenses$51,461,011
XI-4 Net assets at start of year$924,227,872
XI-5 Net unrealized gains (losses) on investments$31,511,371
XI-9 Other changes in net assets−$3,739,656
XI-10 Net assets at end of year$1,003,460,598

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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