Wesleyan School INC: FY2020 Nonprofit Profile & Form 990 (EIN 58-2147411)

Revenue by fiscal year
FY2020	$33.1M
FY2021	$38.2M
FY2022	$41.7M
FY2023	$52.4M
FY2024	$43.5M
FY2025	$45.0M

Expenses by fiscal year
FY2020	$33.9M
FY2021	$34.0M
FY2022	$36.8M
FY2023	$39.0M
FY2024	$41.5M
FY2025	$42.7M

Net assets by fiscal year
FY2020	$95.2M
FY2021	$106.3M
FY2022	$106.0M
FY2023	$120.7M
FY2024	$125.9M
FY2025	$130.5M

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Oct 1995.

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

Where the money goes

90 cents of each dollar spent went to programs.

90%

Program services 90% · $30.6M Management & general 8% · $2.8M Fundraising 1% · $472K

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

29 people listed on the 990; $1.6M paid to officers and key staff (Part VII, Section A).

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII

Christopher B Cleveland

Head of School

$336,335Pt VII · Sec A

William J Coxhead

Chief Financial Officer

$250,165Pt VII · Sec A

Jan Azar

Former Asst Athletic Director -

$178,287Pt VII · Sec A

Brian Morgan

Chief Operations Officer

$176,572Pt VII · Sec A

Ramona Blankenship

Associate Head of School

$152,194Pt VII · Sec A

John Marshall

Former Assistant Head of School F

$147,217Pt VII · Sec A

Mark Khedouri

Asst Head of School for Adv., Athletic Director

$138,963Pt VII · Sec A

Joseph Koch

High School Principal

$132,599Pt VII · Sec A

Christopher B Cleveland’s $671K as Head of School is at the 95th percentile of top reported officer pay among 3683 $10–100M 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

Name	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020
Christopher B Cleveland	$671,219	$558,445	$422,697	$404,209	$439,761	$336,335
William J Coxhead	$304,313	$286,417	$291,414	$272,840	$262,182	$250,165
Brian Morgan	$236,127	$226,847	$217,528	$203,579	$190,421	$176,572
Ramona Blankenship	$218,911	$202,917	$186,958	$176,334	$171,919	$152,194
Joseph Koch	$178,724	$168,674	$200,157	$153,301	$149,371	$132,599
Marc Khedouri	$189,038	$178,986	$167,800	$161,883	$155,183	—
Jan Azar	—	—	—	—	—	$178,287
Chad McDaniel	$169,367	$159,821	$159,433	$144,054	$133,963	—

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 Wesleyan School INC executive salaries →

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

Educates students with a Christian approach to academic excellence.

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1 program · $30.6M · in their own filed words · FY2019

01

Education

Wesleyan is an independent k-12 school with a college preparatory curriculum. There is a lower, middle and high school located on 85+ acres with 6 main buildings, 10 faculty houses, 3 chapels, 2 libraries and 2 dining halls. All middle and high school students are given a school issued computer tablet for use in their studies.

Form 990 Part III, line 4, FY2019. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 58-2147411) · Dispute this line

$30.6Mprogram 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

North Georgia Community Foundation INCFY2025$27K

Total grants receivedfrom 1 funder$27K

Grants paid · 6 grants · $19.1M · 2019–2024

Unitemized GrantFY2024$3,332,429

Unitemized GrantFY2023$3,251,095

Unitemized GrantFY2022$3,021,058

Unitemized GrantFY2021$3,233,232

Unitemized GrantFY2020$3,200,917

Unitemized GrantFY2019$3,107,608

By the numbers

The FY2020 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$33.1M

Ln 12

Fees for servicesLn 2g$28.8M

Gifts and grantsLn 1h$3.2M

Investment incomeLn 3$722K

Money outPt IX

$33.9M

Ln 25

Programscol B$30.6M

Managementcol C$2.8M

Fundraisingcol D$472K

Owns and owesPt X

$95.2M

net assets · Ln 32

Cash and savingsLn 1–2$22.4M

Total assetsLn 16$130.9M

LiabilitiesLn 26$35.7M

PeoplePt VI, VII

29

listed · VII A

PaidVII A9

Voting boardVI 1a20

IndependentVI 1b20

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$3.2M

Fees for servicesLn 2g$28.8M

Investment incomeLn 3$722K

Other incomeLn 4–11$373K

Gains on assetsLn 7$244K

Total revenueLn 12$33.1M

Assets in detailPt X, end of year

CashLn 1$22.4M

Cash and savings togetherLn 1–2$22.4M

Pledges and grants receivableLn 3$7.9M

Accounts receivableLn 4$6.8M

Prepaid expenses and deferred chargesLn 9$610K

Land, buildings, equipmentLn 10c$58.5M

InvestmentsLn 11–13$26.2M

Other assetsLn 15$8.4M

Total assetsLn 16$130.9M

LiabilitiesLn 26$35.7M

Net assetsLn 32$95.2M

OperationsPt I, VI

EmployeesI 5550

VolunteersI 635

Fiscal year endsHeaderJune

Conflict-of-interest policyVI 12aYes

Whistleblower policyVI 13Yes

Records policyVI 14Yes

3More from this return

EndowmentSch D · Pt V

Line	FY20	FY19	FY18	FY17	FY16
End of yearLn 1g	$26.0M	$27.1M	$26.0M	$19.6M	$6.6M
AddedLn 1b	$0	$704K	$5.6M	$11.9M	$148K
SpentLn 1d–1f	$909K	$722K	$579K	$612K	$222K

4Year over year

Balance sheet, start vs end of yearPt X · col A, B

Line	Start FY20	End FY20
Cash and savingsLn 1–2	$18.6M	$22.4M
InvestmentsLn 11–13	$27.1M	$26.2M
Land, buildings, equipmentLn 10c	$59.6M	$58.5M
Total assetsLn 16	$125.0M	$130.9M
LiabilitiesLn 26	$28.6M	$35.7M
Net assetsLn 32	$96.4M	$95.2M

5Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Grants to domestic individualsLn 2	$3.1M	$3.1M
Pay of officers and key staff (Part IX, line 5)Ln 5	$1.1M	$972K	$139K	$20K
Other salaries and wagesLn 7	$14.4M	$12.6M	$1.6M	$277K
Pension plan contributionsLn 8	$853K	$699K	$136K	$17K
Other employee benefitsLn 9	$2.0M	$1.6M	$381K	$21K
Payroll taxesLn 10	$1.2M	$994K	$163K	$26K
Legal feesLn 11b	$4K		$4K
Accounting feesLn 11c	$51K		$51K
Other fees for servicesLn 11g	$33K	$28K	$5K	$734
Advertising and promotionLn 12	$185K		$185K
Office expensesLn 13	$573K	$407K	$76K	$91K
Information technologyLn 14	$494K	$463K	$25K	$6K
OccupancyLn 16	$3.2M	$3.2M	$1K
Conferences, conventions and meetingsLn 19	$67K	$36K	$31K
Depreciation, depletion and amortizationLn 22	$4.4M	$4.4M
InsuranceLn 23	$285K	$228K	$54K	$3K
Other expenses (24a–d)Ln 24	$1.9M	$1.9M	$10K	$10K
Total functional expensesLn 25	$33.9M	$30.6M	$2.8M	$472K

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2025 LatestFiled with the IRS May 15, 2026	$45.0M	$42.7M	$2.3M	$130.5M	990 PDF
FY2024Filed with the IRS May 14, 2025	$43.5M	$41.5M	$1.9M	$125.9M	990 PDF
FY2023Filed with the IRS May 7, 2024	$52.4M	$39.0M	$13.3M	$120.7M	990 PDF
FY2022Filed with the IRS Apr 24, 2023	$41.7M	$36.8M	$4.8M	$106.0M	990 PDF
FY2021Filed with the IRS May 15, 2022	$38.2M	$34.0M	$4.2M	$106.3M	990 PDF
FY2020 ViewingFiled with the IRS Feb 16, 2021	$33.1M	$33.9M	−$793K	$95.2M	990 PDF

Schedules filed Part IV

A · Public support D · Assets and endowments I · Grants J · Pay O · Explanations

See the full FY2020 990

Part I · Summary $33,080,367 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $10,153,331$3,194,145

I-9 Program service revenuePrior year $28,008,941$28,791,577

I-10 Investment incomePrior year $474,450$721,757

I-11 Other revenuePrior year $377,625$372,888

I-12 Total revenuePrior year $39,014,347$33,080,367

I-13 Grants and similar amounts paidPrior year $3,285,768$3,107,608

I-14 Benefits paid to membersPrior year $0$0

I-15 Salaries and benefitsPrior year $18,830,404$19,586,311

I-16a Professional fundraising feesPrior year $0$0

I-17 Other expensesPrior year $10,483,722$11,179,590

I-18 Total expensesPrior year $32,599,894$33,873,509

I-19 Revenue less expensesPrior year $6,414,453−$793,142

Part VI · Governance 20 of 20 board members independent, no flags

VI-1a Voting members of the governing body20

VI-1b Independent voting members20

VI-2 Family or business relationship among officers or directorsNo

VI-12a Written conflict of interest policyYes

VI-13 Written whistleblower policyYes

VI-14 Document retention and destruction policyYes

VI-15a Process for setting top official's payYes

Part VIII · Statement of revenue $33,080,367 across 7 lines filed

Lines not itemized here account for $272,636 of total revenue; see the IRS return.

VIII-1f All other contributions, gifts and grants$3,194,145

VIII-1h Total contributions, gifts and grants$3,194,145

VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $28,791,577$28,791,577

VIII-3 Investment incomeExcluded from tax $478,253$478,253

VIII-6 Net rental income or lossExcluded from tax $100,252$100,252

VIII-7 Net gain or loss on sales of assetsExcluded from tax $243,504$243,504

VIII-12 Total revenueRelated to mission $29,064,213 · Unrelated business $0 · Excluded from tax $822,009$33,080,367

Part IX · Statement of functional expenses $33,873,509 across 17 lines filed

IX-2 Grants to domestic individualsPrograms $3,107,608$3,107,608

IX-5 Pay of officers and key staff (Part IX, line 5)Programs $971,702 · Management $138,832 · Fundraising $19,974$1,130,508

IX-7 Other salaries and wagesPrograms $12,601,813 · Management $1,560,254 · Fundraising $276,889$14,438,956

IX-8 Pension plan contributionsPrograms $699,328 · Management $136,454 · Fundraising $17,057$852,839

IX-9 Other employee benefitsPrograms $1,578,557 · Management $381,039 · Fundraising $20,897$1,980,493

IX-10 Payroll taxesPrograms $994,153 · Management $163,325 · Fundraising $26,037$1,183,515

IX-11b Legal feesManagement $4,431$4,431

IX-11c Accounting feesManagement $50,803$50,803

IX-11g Other fees for servicesPrograms $28,025 · Management $4,604 · Fundraising $734$33,363

IX-12 Advertising and promotionManagement $184,811$184,811

IX-13 Office expensesPrograms $406,885 · Management $75,592 · Fundraising $90,859$573,336

IX-14 Information technologyPrograms $462,713 · Management $24,685 · Fundraising $6,289$493,687

IX-16 OccupancyPrograms $3,158,941 · Management $1,249$3,160,190

IX-19 Conferences, conventions and meetingsPrograms $35,978 · Management $31,260$67,238

IX-22 Depreciation, depletion and amortizationPrograms $4,410,865$4,410,865

IX-23 InsurancePrograms $228,328 · Management $54,228 · Fundraising $2,854$285,410

IX-24 Other expenses (24a–d)Programs $1,894,960 · Management $10,384 · Fundraising $10,112$1,915,456

IX-25 Total functional expensesPrograms $30,579,856 · Management $2,821,951 · Fundraising $471,702$33,873,509

Part X · Balance sheet $130,877,238 assets, 18 lines filed

X-1 Cash, non-interest-bearingStart of year $18,594,635$22,436,028

X-2 Savings and temporary cash investmentsStart of year $11,618$0

X-3 Pledges and grants receivableStart of year $9,659,453$7,863,624

X-4 Accounts receivableStart of year $8,431,333$6,827,069

X-9 Prepaid expenses and deferred chargesStart of year $565,841$609,603

X-10c Land, buildings and equipment, netStart of year $59,584,194$58,481,086

X-11 Publicly traded securitiesStart of year $27,135,783$26,211,842

X-15 Other assetsStart of year $1,017,371$8,447,986

X-16 Total assetsStart of year $125,000,228$130,877,238

X-17 Accounts payable and accrued expensesStart of year $2,964,572$4,823,569

X-19 Deferred revenueStart of year $24,555,727$25,904,896

X-24 Unsecured notes and loans payableStart of year $0$4,118,903

X-25 Other liabilitiesStart of year $1,031,946$803,702

X-26 Total liabilitiesStart of year $28,552,245$35,651,070

X-27 Net assets without donor restrictionsStart of year $62,598,043$63,913,065

X-28 Net assets with donor restrictionsStart of year $33,849,940$31,313,103

X-32 Total net assets or fund balancesStart of year $96,447,983$95,226,168

X-33 Total liabilities and net assetsStart of year $125,000,228$130,877,238

Part XI · Reconciliation of net assets $95,226,168 net assets at year end

XI-1 Total revenue$33,080,367

XI-2 Total expenses$33,873,509

XI-3 Revenue less expenses−$793,142

XI-4 Net assets at start of year$96,447,983

XI-5 Net unrealized gains (losses) on investments−$182,896

XI-9 Other changes in net assets−$245,777

XI-10 Net assets at end of year$95,226,168

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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Wesleyan School INC FY2020 filing

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