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.
83¢ of each $1 spent went to programs.
$2.9M paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2021 · 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
83%
of spending
Looks good: 83% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$2.9M
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 $807.8M in investments, Pt X · Ln 11–13
Fine: 2.7 months of spending in cash; 1 to 3.
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
$178.7M
16% of total assets
Looks good: liabilities are 16% of assets; 50% or less.
Pt X · Ln 26
Independent board members
16
of 17 voting members
Looks good: 16 of 17 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$280.8M
+59% vs prior year
Spent
$163.6M
To programs
83%
Net assets
$927.0M
By yearFY2020–FY2025
Revenue
$280.8M
FY2021▲ +59%
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
$163.6M
FY2021▲ +1.0%
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
$927.0M
FY2021▲ +22%
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 FY2021 Form 990 (year ending June 2021) · figures checked against the IRS filing · see the original

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You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2025) →

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

83 cents of each dollar spent went to programs.

Program services 83% · $135.0M Management & general 15% · $25.0M Fundraising 2% · $3.6M

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; $2.9M paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
President/Trustee
$363,618Pt VII · Sec A
VP for Finance & Operations, Treasurer
$266,444Pt VII · Sec A
VP for Advancement & Alumni Relations
$232,342Pt VII · Sec A
Cicso Until June 2021
$181,729Pt VII · Sec A
Dean & Exec Dir Wcbgc
$181,547Pt VII · Sec A
Investment Manager
$177,465Pt VII · Sec A
Chief Enrollment Management Officer
$174,655Pt VII · Sec A
Vice President - Student Development
$170,256Pt 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 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes
  • Loans to or from officersSch L · Pt II1 listed

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 · $132.1M · in their own filed words · FY2020
01

Education and Instruction

The College offers undergraduate degrees in 44 areas of major study including 6 in the Conservatory; 16 Master of Arts degrees and 3 Doctoral degrees. There are approximately 3,000 students enrolled at the College.

$96.5Mprogram 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.

$23.3Mprogram expense
03

Auxiliary Enterprises

The college provides room and board for its students.

$12.4Mprogram 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 FY2021 990, line by line.

1The main four
Money inPt VIII
$280.8M
Ln 12
Investment incomeLn 3$122.8M
Fees for servicesLn 2g$114.8M
Gifts and grantsLn 1h$42.3M
Money outPt IX
$163.6M
Ln 25
Programscol B$135.0M
Managementcol C$25.0M
Fundraisingcol D$3.6M
Owns and owesPt X
$927.0M
net assets · Ln 32
Cash and savingsLn 1–2$37.5M
Total assetsLn 16$1.1B
LiabilitiesLn 26$178.7M
PeoplePt VI, VII
34
listed · VII A
PaidVII A16
Voting boardVI 1a17
IndependentVI 1b16
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$42.3M
Government grantsLn 1e$4.7M
Noncash giftsLn 1g$4.7M
Fees for servicesLn 2g$114.8M
Investment incomeLn 3$122.8M
Other incomeLn 4–11$861K
Gains on assetsLn 7$114.8M
Total revenueLn 12$280.8M
Assets in detailPt X, end of year
SavingsLn 2$37.5M
Cash and savings togetherLn 1–2$37.5M
InvestmentsLn 11–13$807.8M
Land, buildings, equipmentLn 10c$231.9M
Other assetsLn 15$7.7M
Total assetsLn 16$1.1B
LiabilitiesLn 26$178.7M
Net assetsLn 32$927.0M
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 FY21End FY21
Cash and savingsLn 1–2$28.3M$37.5M
InvestmentsLn 11–13$646.4M$807.8M
Land, buildings, equipmentLn 10c$235.8M$231.9M
Total assetsLn 16$933.2M$1.11B
LiabilitiesLn 26$171.8M$178.7M
Net assetsLn 32$761.4M$927.0M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$2.4M$2.4M
Grants to domestic individualsLn 2$37.7M$37.7M
Grants and assistance to foreign recipientsLn 3$0$0
Benefits paid to or for membersLn 4$0$0
Pay of current officers, directors and key staffLn 5$2.9M$940K$1.6M$309K
Pay of disqualified personsLn 6$367K$159K$208K$0
Other salaries and wagesLn 7$57.8M$48.2M$7.5M$2.1M
Pension plan contributionsLn 8$2.7M$2.4M$224K$132K
Other employee benefitsLn 9$10.8M$9.4M$888K$522K
Payroll taxesLn 10$4.1M$3.5M$334K$197K
Management feesLn 11a$0$0
Legal feesLn 11b$253K$6K$247K
Accounting feesLn 11c$263K$0$263K
Investment management feesLn 11f$490K$0$490K
Other fees for servicesLn 11g$9.7M$6.2M$3.5M$28K
Advertising and promotionLn 12$1.0M$415K$457K$159K
Office expensesLn 13$3.2M$1.7M$1.5M$65K
Information technologyLn 14$2.1M$585K$1.6M
OccupancyLn 16$6.7M$6.2M$430K$58K
TravelLn 17$482K$462K$6K$14K
Conferences, conventions and meetingsLn 19$173K$172K$1K
InterestLn 20$2.4M$0$2.4M
Payments to affiliatesLn 21$0$0$0
Depreciation, depletion and amortizationLn 22$12.8M$11.3M$1.5M
InsuranceLn 23$1.4M$483K$918K
Other expenses (24a–d)Ln 24$1.9M$1.2M$644K$54K
All other expensesLn 24e$2.0M$1.7M$334K$12K
Total functional expensesLn 25$163.6M$135.0M$25.0M$3.6M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $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 Viewing $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 FY2021 990 (6 parts)
Part I · Summary $280,776,360 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $26,098,804$42,252,702
I-9 Program service revenuePrior year $122,486,167$114,849,588
I-10 Investment incomePrior year $27,474,285$122,812,635
I-11 Other revenuePrior year $794,416$861,435
I-12 Total revenuePrior year $176,853,672$280,776,360
I-13 Grants and similar amounts paidPrior year $37,968,076$40,046,303
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $78,506,150$78,655,343
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $45,556,941$44,917,259
I-18 Total expensesPrior year $162,031,167$163,618,905
I-19 Revenue less expensesPrior year $14,822,505$117,157,455
Part VI · Governance 16 of 17 board members independent, 1 to look at
VI-1a Voting members of the governing body17
VI-1b Independent voting members16
VI-14 Document retention and destruction policyNo
VI-2 Family or business relationship among officers or directorsNo
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 $280,776,360 across 14 lines filed
VIII-1a Federated campaigns$0
VIII-1b Membership dues$0
VIII-1d Related organizations$543,702
VIII-1e Government grants$4,748,604
VIII-1f All other contributions, gifts and grants$36,960,396
VIII-1g Noncash contributions (included above)$4,688,538
VIII-1h Total contributions, gifts and grants$42,252,702
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $114,849,588$114,849,588
VIII-3 Investment incomeUnrelated business −$91,149 · Excluded from tax $8,097,347$8,006,198
VIII-5 RoyaltiesExcluded from tax $23,857$23,857
VIII-6 Net rental income or lossExcluded from tax $41,192$41,192
VIII-7 Net gain or loss on sales of assetsExcluded from tax $114,806,437$114,806,437
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $778,670 · Unrelated business $17,716 · Excluded from tax $0$796,386
VIII-12 Total revenueRelated to mission $115,628,258 · Unrelated business −$73,433 · Excluded from tax $122,968,833$280,776,360
Part IX · Statement of functional expenses $163,618,905 across 27 lines filed
IX-1 Grants to domestic organizationsPrograms $2,359,434$2,359,434
IX-2 Grants to domestic individualsPrograms $37,686,869$37,686,869
IX-3 Grants and assistance to foreign recipientsPrograms $0$0
IX-4 Benefits paid to or for membersPrograms $0$0
IX-5 Pay of current officers, directors and key staffPrograms $939,919 · Management $1,622,319 · Fundraising $309,446$2,871,684
IX-6 Pay of disqualified personsPrograms $158,755 · Management $208,118 · Fundraising $0$366,873
IX-7 Other salaries and wagesPrograms $48,229,619 · Management $7,528,761 · Fundraising $2,090,167$57,848,547
IX-8 Pension plan contributionsPrograms $2,365,400 · Management $223,936 · Fundraising $131,708$2,721,044
IX-9 Other employee benefitsPrograms $9,376,548 · Management $887,693 · Fundraising $522,094$10,786,335
IX-10 Payroll taxesPrograms $3,530,101 · Management $334,200 · Fundraising $196,559$4,060,860
IX-11a Management feesPrograms $0$0
IX-11b Legal feesPrograms $5,635 · Management $247,164$252,799
IX-11c Accounting feesPrograms $0 · Management $263,129$263,129
IX-11f Investment management feesPrograms $0 · Management $489,700$489,700
IX-11g Other fees for servicesPrograms $6,160,248 · Management $3,469,261 · Fundraising $28,142$9,657,651
IX-12 Advertising and promotionPrograms $414,768 · Management $456,685 · Fundraising $158,575$1,030,028
IX-13 Office expensesPrograms $1,686,640 · Management $1,481,283 · Fundraising $65,130$3,233,053
IX-14 Information technologyPrograms $585,265 · Management $1,553,974$2,139,239
IX-16 OccupancyPrograms $6,248,590 · Management $429,744 · Fundraising $57,865$6,736,199
IX-17 TravelPrograms $462,316 · Management $6,251 · Fundraising $13,586$482,153
IX-19 Conferences, conventions and meetingsPrograms $172,320 · Management $1,009$173,329
IX-20 InterestPrograms $0 · Management $2,419,005$2,419,005
IX-21 Payments to affiliatesPrograms $0 · Management $0$0
IX-22 Depreciation, depletion and amortizationPrograms $11,296,913 · Management $1,469,833$12,766,746
IX-23 InsurancePrograms $482,943 · Management $918,092$1,401,035
IX-24 Other expenses (24a–d)Programs $1,164,112 · Management $644,283 · Fundraising $54,303$1,862,698
IX-24e All other expensesPrograms $1,665,432 · Management $333,537 · Fundraising $11,526$2,010,495
IX-25 Total functional expensesPrograms $134,991,827 · Management $24,987,977 · Fundraising $3,639,101$163,618,905
Part X · Balance sheet $1,105,725,018 assets, 19 lines filed
Asset lines not itemized here account for $5,819,223; see the IRS return.
X-2 Savings and temporary cash investmentsStart of year $28,334,205$37,492,348
X-3 Pledges and grants receivableStart of year $4,542,644$10,243,561
X-4 Accounts receivableStart of year $2,565,042$1,819,054
X-9 Prepaid expenses and deferred chargesStart of year $2,703,819$2,975,193
X-10c Land, buildings and equipment, netStart of year $235,825,244$231,888,788
X-11 Publicly traded securitiesStart of year $598,498,652$744,425,655
X-12 Other securitiesStart of year $45,080,103$61,171,007
X-13 Program-related investmentsStart of year $2,777,355$2,190,630
X-15 Other assetsStart of year $6,101,218$7,699,559
X-16 Total assetsStart of year $933,202,060$1,105,725,018
X-17 Accounts payable and accrued expensesStart of year $14,840,306$12,791,900
X-19 Deferred revenueStart of year $2,764,545$4,196,541
X-24 Unsecured notes and loans payableStart of year $42,000,000$49,500,000
X-25 Other liabilitiesStart of year $112,151,135$112,225,276
X-26 Total liabilitiesStart of year $171,755,986$178,713,717
X-27 Net assets without donor restrictionsStart of year $312,327,102$368,979,609
X-28 Net assets with donor restrictionsStart of year $449,118,972$558,031,692
X-32 Total net assets or fund balancesStart of year $761,446,074$927,011,301
X-33 Total liabilities and net assetsStart of year $933,202,060$1,105,725,018
Part XI · Reconciliation of net assets $927,011,301 net assets at year end
XI-1 Total revenue$280,776,360
XI-2 Total expenses$163,618,905
XI-3 Revenue less expenses$117,157,455
XI-4 Net assets at start of year$761,446,074
XI-5 Net unrealized gains (losses) on investments$61,219,530
XI-6 Donated services and use of facilities$0
XI-7 Investment expenses$0
XI-8 Prior period adjustments$0
XI-9 Other changes in net assets−$12,811,758
XI-10 Net assets at end of year$927,011,301

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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