Is it real?
Yes. Exemption reinstated (2010-05-15). Per the IRS revocation list. Latest filing on record: FY2024. IRS ruling in Mar 2016.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
78 cents of each dollar spent went to programs.
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
22 people listed on the 990; $111K paid to officers and key staff.
Albert Martin’s $75K as Executive Director is at the 75th percentile of top reported officer pay among 2133 $100K–1M religion 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 · 4 named individuals · Part VII
| Name | FY2023 | FY2022 | FY2021 |
|---|---|---|---|
| Albert Martin | $74,888 | $71,188 | $68,251 |
| Penny Wilson | $41,595 | $39,607 | $37,433 |
| Erin Dawson | $23,454 | — | — |
| Josh Hurst | $7,687 | — | — |
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.
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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
Programs and updates
Nurtures Christian leaders through internships, outreach, and religious education.
Questions for Wesley Foundation at Texas Tech
Your first name shows with your question. Wesley Foundation at Texas Tech answers here, for everyone.
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Discipleship Program We have an intensive discipleship program that is designed to connect with students as the enter their year and walk with them as they progress throughout college. We have a well designed Freshley ministry that is for freshmen at the Wesley. It centers around community, bible study and prayer.
Internship Program Since the early 1980s the Wesley Foundation has a had a very active intern program. We have both full time interns are students that have recently graduated and have decided to join our Intern Academy. The intern academy would be very similar to a supervised ministry class in graduate school or seminary.
International Mission to the country of Haiti Since 2010, the Wesley Foundation has led mission trips to Haiti. Over 175 students participated on the trips. While in Haiti, we interact with anywhere between 400 and 600 people. Out main purpose is to serve the people that live there and help out in any way possible.
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2022 990, line by line.
Download 990
| Line | Start FY22 | End FY22 |
|---|---|---|
| Cash and savingsLn 1–2 | $261K | $388K |
| Land, buildings, equipmentLn 10c | $230K | $322K |
| Total assetsLn 16 | $648K | $878K |
| LiabilitiesLn 26 | $22K | $52K |
| Net assetsLn 32 | $626K | $826K |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic organizationsLn 1 | $0 | |||
| Grants to domestic individualsLn 2 | $0 | |||
| Grants and assistance to foreign recipientsLn 3 | $0 | |||
| Benefits paid to or for membersLn 4 | $0 | |||
| Pay of current officers, directors and key staffLn 5 | $111K | $78K | $33K | |
| Pay of disqualified personsLn 6 | $0 | |||
| Other salaries and wagesLn 7 | $175K | $153K | $22K | |
| Pension plan contributionsLn 8 | $11K | $8K | $3K | |
| Other employee benefitsLn 9 | $33K | $28K | $4K | |
| Payroll taxesLn 10 | $15K | $10K | $4K | |
| Management feesLn 11a | $0 | |||
| Legal feesLn 11b | $2K | $2K | ||
| Accounting feesLn 11c | $0 | |||
| Lobbying feesLn 11d | $0 | |||
| Investment management feesLn 11f | $0 | |||
| Other fees for servicesLn 11g | $2K | $2K | ||
| Advertising and promotionLn 12 | $2K | $567 | $1K | |
| Office expensesLn 13 | $2K | $2K | ||
| Information technologyLn 14 | $14K | $8K | $5K | |
| RoyaltiesLn 15 | $0 | |||
| OccupancyLn 16 | $32K | $26K | $6K | |
| TravelLn 17 | $5K | $4K | $936 | |
| Travel and entertainment for public officialsLn 18 | $0 | |||
| Conferences, conventions and meetingsLn 19 | $2K | $2K | ||
| InterestLn 20 | $0 | |||
| Payments to affiliatesLn 21 | $0 | |||
| Depreciation, depletion and amortizationLn 22 | $9K | $8K | $2K | |
| InsuranceLn 23 | $23K | $19K | $5K | |
| Other expenses (24a–d)Ln 24 | $76K | $64K | $11K | $2K |
| All other expensesLn 24e | $10K | $1K | $7K | $1K |
| Total functional expensesLn 25 | $522K | $408K | $111K | $3K |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2024 Latest | $713K | $667K | $46K | $873K | 990 PDF |
| FY2023 | $524K | $539K | −$15K | $811K | 990 PDF |
| FY2022 Viewing | $723K | $522K | $200K | $826K | 990 PDF |
| FY2021 | $598K | $572K | $26K | $626K | 990 PDF |
| FY2020 | $540K | $555K | −$15K | $502K | 990 PDF |
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Schedules filed Part IV
See the full FY2022 990 (6 parts)
Part I · Summary $722,639 revenue, 12 lines filed
Part VI · Governance 23 of 23 board members independent, 2 to look at
Part VIII · Statement of revenue $722,639 across 6 lines filed
Part IX · Statement of functional expenses $522,328 across 30 lines filed
Part X · Balance sheet $877,565 assets, 11 lines filed
Part XI · Reconciliation of net assets $825,901 net assets at year end
Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File
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