Wheaton College FY2022 filing

Tax-deductible

Wheaton, IL501(c)(3)Since 1860Colleges & UniversitiesEIN 36-2182171

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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.
84¢ of each $1 spent went to programs.
$2.4M 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

FY2022 · 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
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 5
filings with a surplus
Average surplus $44.4M a year · 21% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
84%
of spending
Looks good: 84% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$2.4M
to officers and key staff · 1% of spending
Looks good: pay to officers and key staff is 1% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
5 mo
of spending, in cash
Looks good: 4.9 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
$195.6M
19% of total assets
Looks good: liabilities are 19% of assets; 50% or less.
Pt X · Ln 26
Independent board members
17
of 18 voting members
Looks good: 17 of 18 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$231.5M
-18% vs prior year
Spent
$169.3M
To programs
84%
Net assets
$813.8M
By yearFY2020–FY2024
Revenue
$231.5M
FY2022▼ -18%
Revenue by fiscal year
FY2020$176.9M
FY2021$280.8M
FY2022$231.5M
FY2023$181.6M
FY2024$206.5M
FY2024$249.2M
Expenses
$169.3M
FY2022▲ +3%
Expenses by fiscal year
FY2020$162.0M
FY2021$163.6M
FY2022$169.3M
FY2023$175.3M
FY2024$185.0M
FY2024$197.8M
Net assets
$813.8M
FY2022▼ -12%
Net assets by fiscal year
FY2020$761.4M
FY2021$927.0M
FY2022$813.8M
FY2023$857.8M
FY2024$924.2M
FY2024$1.0B

From the FY2022 Form 990 (year ending June 2022) · figures checked against the IRS filing · see the original

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You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jan 1976.

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

Where the money goes

84 cents of each dollar spent went to programs.

Program services 84% · $141.6M Management & general 14% · $24.4M Fundraising 2% · $3.4M

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

31 people listed on the 990; $2.4M paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2021); the FY2022 filing did not itemize Part VII
President/Trustee
$338,341Pt VII · Sec A
VP for Finance & Operations, Treasurer
$257,084Pt VII · Sec A
VP for Advancement & Alumni Relations
$220,066Pt VII · Sec A
Provost
$212,624Pt VII · Sec A
Dean & Exec Dir Wcbgc
$174,471Pt VII · Sec A
Investment Manager
$171,968Pt VII · Sec A
Professor/Exec Director of Hdi
$168,844Pt VII · Sec A
Chief Enrollment Management Officer
$165,165Pt 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

NameFY2024FY2024FY2023FY2022FY2021FY2020
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.

Provided by the organization

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3 programs · $138.3M · in their own filed words · FY2021
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.

$101.2Mprogram 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.

$24.7Mprogram expense
03

Auxiliary Enterprises

The college provides room and board for its students.

$12.3Mprogram 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 FY2022 990, line by line.

1The main four
Money inPt VIII
$231.5M
Ln 12
Fees for servicesLn 2g$127.7M
Investment incomeLn 3$51.7M
Gifts and grantsLn 1h$51.2M
Money outPt IX
$169.3M
Ln 25
Programscol B$141.6M
Managementcol C$24.4M
Fundraisingcol D$3.4M
Owns and owesPt X
$813.8M
net assets · Ln 32
Cash and savingsLn 1–2$68.5M
Total assetsLn 16$1.0B
LiabilitiesLn 26$195.6M
PeoplePt VI, VII
31
listed · VII A
PaidVII A13
Voting boardVI 1a18
IndependentVI 1b17
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$51.2M
Government grantsLn 1e$5.9M
Noncash giftsLn 1g$4.9M
Fees for servicesLn 2g$127.7M
Investment incomeLn 3$51.7M
Other incomeLn 4–11$879K
Gains on assetsLn 7$40.1M
Total revenueLn 12$231.5M
Assets in detailPt X, end of year
SavingsLn 2$68.5M
Cash and savings togetherLn 1–2$68.5M
InvestmentsLn 11–13$674.3M
Land, buildings, equipmentLn 10c$241.4M
Other assetsLn 15$7.6M
Total assetsLn 16$1.0B
LiabilitiesLn 26$195.6M
Net assetsLn 32$813.8M
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 FY22End FY22
Cash and savingsLn 1–2$37.5M$68.5M
InvestmentsLn 11–13$807.8M$674.3M
Land, buildings, equipmentLn 10c$231.9M$241.4M
Total assetsLn 16$1.11B$1.01B
LiabilitiesLn 26$178.7M$195.6M
Net assetsLn 32$927.0M$813.8M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$1.1M$1.1M
Grants to domestic individualsLn 2$45.8M$45.8M
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$2.8M$770K$1.7M$319K
Pay of disqualified personsLn 6$345K$0$345K$0
Other salaries and wagesLn 7$55.0M$45.0M$8.1M$1.9M
Pension plan contributionsLn 8$2.2M$1.9M$205K$92K
Other employee benefitsLn 9$11.4M$9.9M$1.1M$470K
Payroll taxesLn 10$3.4M$3.0M$316K$141K
Management feesLn 11a$0$0$0$0
Legal feesLn 11b$170K$170K$0
Accounting feesLn 11c$195K$0$195K$0
Lobbying feesLn 11d$0$0$0$0
Professional fundraising feesLn 11e$0$0
Investment management feesLn 11f$516K$0$516K$0
Other fees for servicesLn 11g$9.3M$7.0M$2.3M$25K
Advertising and promotionLn 12$1.2M$321K$716K$145K
Office expensesLn 13$2.5M$1.8M$607K$65K
Information technologyLn 14$2.4M$879K$1.5M
RoyaltiesLn 15$0$0$0$0
OccupancyLn 16$6.0M$5.9M$88K$36K
TravelLn 17$1.9M$1.7M$79K$133K
Travel and entertainment for public officialsLn 18$0$0$0$0
Conferences, conventions and meetingsLn 19$315K$293K$22K
InterestLn 20$2.3M$0$2.3M$0
Payments to affiliatesLn 21$0$0$0$0
Depreciation, depletion and amortizationLn 22$12.7M$11.2M$1.5M
InsuranceLn 23$1.5M$531K$992K$0
Other expenses (24a–d)Ln 24$2.2M$1.3M$817K$31K
All other expensesLn 24e$4.0M$3.1M$929K$0
Total functional expensesLn 25$169.3M$141.6M$24.4M$3.4M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $206.5M$185.0M$21.5M$924.2M 990 PDF
FY2023 $181.6M$175.3M$6.3M$857.8M 990 PDF
FY2022 Viewing $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 I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2022 990 (4 parts)
Part VIII · Statement of revenue $231,489,050 across 12 lines filed
VIII-1d Related organizations$520,672
VIII-1e Government grants$5,898,817
VIII-1f All other contributions, gifts and grants$44,767,005
VIII-1g Noncash contributions (included above)$4,853,284
VIII-1h Total contributions, gifts and grants$51,186,494
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $127,690,288$127,690,288
VIII-3 Investment incomeUnrelated business −$354,869 · Excluded from tax $12,004,935$11,650,066
VIII-5 RoyaltiesExcluded from tax $21,891$21,891
VIII-6 Net rental income or lossExcluded from tax $39,462$39,462
VIII-7 Net gain or loss on sales of assetsExcluded from tax $40,082,913$40,082,913
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $798,680 · Unrelated business $19,256$817,936
VIII-12 Total revenueRelated to mission $128,488,968 · Unrelated business −$335,613 · Excluded from tax $52,149,201$231,489,050
Part IX · Statement of functional expenses $169,298,848 across 31 lines filed
IX-1 Grants to domestic organizationsPrograms $1,070,725$1,070,725
IX-2 Grants to domestic individualsPrograms $45,812,465$45,812,465
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 $770,353 · Management $1,711,722 · Fundraising $319,321$2,801,396
IX-6 Pay of disqualified personsPrograms $0 · Management $345,265 · Fundraising $0$345,265
IX-7 Other salaries and wagesPrograms $45,027,565 · Management $8,081,445 · Fundraising $1,919,411$55,028,421
IX-8 Pension plan contributionsPrograms $1,932,479 · Management $205,465 · Fundraising $91,838$2,229,782
IX-9 Other employee benefitsPrograms $9,898,900 · Management $1,052,473 · Fundraising $470,427$11,421,800
IX-10 Payroll taxesPrograms $2,971,036 · Management $315,887 · Fundraising $141,193$3,428,116
IX-11a Management feesPrograms $0 · Management $0 · Fundraising $0$0
IX-11b Legal feesManagement $170,277 · Fundraising $0$170,277
IX-11c Accounting feesPrograms $0 · Management $195,282 · Fundraising $0$195,282
IX-11d Lobbying feesPrograms $0 · Management $0 · Fundraising $0$0
IX-11e Professional fundraising feesFundraising $0$0
IX-11f Investment management feesPrograms $0 · Management $515,947 · Fundraising $0$515,947
IX-11g Other fees for servicesPrograms $6,976,949 · Management $2,326,614 · Fundraising $24,575$9,328,138
IX-12 Advertising and promotionPrograms $320,708 · Management $716,425 · Fundraising $144,677$1,181,810
IX-13 Office expensesPrograms $1,824,162 · Management $606,902 · Fundraising $64,836$2,495,900
IX-14 Information technologyPrograms $879,204 · Management $1,478,920$2,358,124
IX-15 RoyaltiesPrograms $0 · Management $0 · Fundraising $0$0
IX-16 OccupancyPrograms $5,874,279 · Management $88,297 · Fundraising $36,305$5,998,881
IX-17 TravelPrograms $1,716,615 · Management $78,739 · Fundraising $132,920$1,928,274
IX-18 Travel and entertainment for public officialsPrograms $0 · Management $0 · Fundraising $0$0
IX-19 Conferences, conventions and meetingsPrograms $293,246 · Management $22,106$315,352
IX-20 InterestPrograms $0 · Management $2,264,809 · Fundraising $0$2,264,809
IX-21 Payments to affiliatesPrograms $0 · Management $0 · Fundraising $0$0
IX-22 Depreciation, depletion and amortizationPrograms $11,236,037 · Management $1,451,166$12,687,203
IX-23 InsurancePrograms $530,589 · Management $992,374 · Fundraising $0$1,522,963
IX-24 Other expenses (24a–d)Programs $1,330,546 · Management $816,865 · Fundraising $31,410$2,178,821
IX-24e All other expensesPrograms $3,090,046 · Management $929,051 · Fundraising $0$4,019,097
IX-25 Total functional expensesPrograms $141,555,904 · Management $24,366,031 · Fundraising $3,376,913$169,298,848
Part X · Balance sheet $1,009,461,058 assets, 20 lines filed
Asset lines not itemized here account for $5,008,039; see the IRS return.
X-2 Savings and temporary cash investmentsStart of year $37,492,348$68,491,857
X-3 Pledges and grants receivableStart of year $10,243,561$6,051,337
X-4 Accounts receivableStart of year $1,819,054$2,107,189
X-8 Inventories for sale or use$0
X-9 Prepaid expenses and deferred chargesStart of year $2,975,193$4,589,138
X-10c Land, buildings and equipment, netStart of year $231,888,788$241,355,492
X-11 Publicly traded securitiesStart of year $744,425,655$607,153,261
X-12 Other securitiesStart of year $61,171,007$65,963,446
X-13 Program-related investmentsStart of year $2,190,630$1,156,546
X-15 Other assetsStart of year $7,699,559$7,584,753
X-16 Total assetsStart of year $1,105,725,018$1,009,461,058
X-17 Accounts payable and accrued expensesStart of year $12,791,900$21,773,855
X-19 Deferred revenueStart of year $4,196,541$5,601,485
X-24 Unsecured notes and loans payableStart of year $49,500,000$72,000,000
X-25 Other liabilitiesStart of year $112,225,276$96,242,198
X-26 Total liabilitiesStart of year $178,713,717$195,617,538
X-27 Net assets without donor restrictionsStart of year $368,979,609$344,944,452
X-28 Net assets with donor restrictionsStart of year $558,031,692$468,899,068
X-32 Total net assets or fund balancesStart of year $927,011,301$813,843,520
X-33 Total liabilities and net assetsStart of year $1,105,725,018$1,009,461,058
Part XI · Reconciliation of net assets $813,843,520 net assets at year end
XI-1 Total revenue$231,489,050
XI-2 Total expenses$169,298,848
XI-3 Revenue less expenses$62,190,202
XI-4 Net assets at start of year$927,011,301
XI-5 Net unrealized gains (losses) on investments−$176,369,290
XI-6 Donated services and use of facilities$0
XI-7 Investment expenses$0
XI-8 Prior period adjustments−$1,110,993
XI-9 Other changes in net assets$2,122,300
XI-10 Net assets at end of year$813,843,520

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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