Wgu Corporation

Tax-deductible

Salt Lake Cty, UT501(c)(3)Since 1997Colleges & UniversitiesEIN 84-1383926Revenue $345.4M in FY2025

On file with the IRSwgu.edu4001 S 700 E Ste 700, 84107-2533 · Salt Lake Cty, UTTax-exempt since Oct 2023Supporting org, Type III (functionally integrated) — 509(a)(3)

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The organization's mission is to operate exclusively for the benefit of, to perform the functions of, and to carry out the purposes of western governors university, a 501(c) (3) organization.

501(c)(3) charity; gifts are tax-deductible.
80¢ of each $1 spent went to programs.
Run by 14 volunteers and 1,461 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
3 of 6
filings with a surplus
Average surplus $13.0M a year · 2% of revenue · last 6 filings
Worth a look: a surplus in 3 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
80%
of spending
Looks good: 80% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$8.9M
to officers and key staff · 2% of spending
Top officer’s pay higher than 91% of similar orgs
Looks good: pay to officers and key staff is 2% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
3 mo
of spending, in cash
Looks good: 3.2 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $10K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$781.2M
67% of total assets
Worth a look: liabilities are 67% of assets; over 65%.
Pt X · Ln 26
Independent board members
10
of 11 voting members
Looks good: 10 of 11 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$345.4M
+31% vs prior year
Spent
$360.9M
To programs
80%
Net assets
$388.4M
By yearFY2020–FY2025
Revenue
$345.4M
FY2025▲ +31%
Tap a bar for its year
Revenue by fiscal year
FY2020$922.5M
FY2021$1.0B
FY2022$1.1B
FY2023$682.1M
FY2024$264.7M
FY2025$345.4M
Expenses
$360.9M
FY2025▲ +32%
Tap a bar for its year
Expenses by fiscal year
FY2020$882.5M
FY2021$994.7M
FY2022$1.1B
FY2023$693.1M
FY2024$272.8M
FY2025$360.9M
Net assets
$388.4M
FY2025▲ +11%
Tap a bar for its year
Net assets by fiscal year
FY2020$250.3M
FY2021$313.1M
FY2022$321.7M
FY2023$315.3M
FY2024$349.9M
FY2025$388.4M

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

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Oct 2023.

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

Where the money goes

80 cents of each dollar spent went to programs.

Program services 80% · $288.8M Management & general 19% · $68.3M Fundraising 1% · $3.8M

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

26 people listed on the 990; $8.9M 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
Trustee/President
$2,064,774Pt VII · Sec A
Chief Operating Officer
$954,642Pt VII · Sec A
Chief Financial Officer
$796,190Pt VII · Sec A
SR VP, Technology & CIO
$679,554Pt VII · Sec A
Chief Academic Officer & Provost
$640,469Pt VII · Sec A
SR VP, People & Talent
$583,953Pt VII · Sec A
Executive Director, Labs
$512,095Pt VII · Sec A
President, Wgu Academy
$491,995Pt VII · Sec A

Scott Pulsipher’s $2.1M as Trustee/President is at the 91st 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
Scott Pulsipher$2,064,774$2,205,837————
Scott D Pulsipher———$1,804,900$1,539,991$964,616
David Grow$954,642$810,920—$624,167$1,489,404$564,640
Robert Mendenhall————$899,129$952,750
Nadeem Syed$796,190$619,771—$121,951——
Marni Baker-Stein———$736,654$646,740$511,266
David Morales$679,554$616,608$556,467$522,951$498,768$438,787
Patrick Partridge—————$655,953

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

Provides financial support, administrative services, and strategic direction to Western Governors University and WGU Academy to help them carry out their educational missions.

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Provided by the organization

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1 program · $288.8M · in their own filed words · FY2024
01

The organization is a type iii functionally integrated supporting organization whose purpose is to operate to the exclusive benefit of, to perform the functions of, and to carry out the purposes of western governors university.

$288.8Mprogram 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
Total grants receivedfrom 1 funder$10K
Grants paid · 11 grants · $166.0M · 2019–2024
Unitemized GrantFY2024$1,122,849
Western Governors UniversityUT · FY2024$136,505
Unitemized GrantFY2022$7,397,917
Unitemized GrantFY2022$5,413,298
Unitemized GrantFY2021$40,696,057
Unitemized GrantFY2021$13,978,234
Unitemized GrantFY2021$10,795,977
Unitemized GrantFY2020$18,534,550
Unitemized GrantFY2020$13,640,294
Unitemized GrantFY2020$12,627,150
Unitemized GrantFY2019$41,702,236

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$345.4M
Ln 12
Fees for servicesLn 2g$299.4M
Investment incomeLn 3$41.6M
Gifts and grantsLn 1h$3.8M
Money outPt IX
$360.9M
Ln 25
Programscol B$288.8M
Managementcol C$68.3M
Fundraisingcol D$3.8M
Owns and owesPt X
$388.4M
net assets · Ln 32
Cash and savingsLn 1–2$95.1M
Total assetsLn 16$1.2B
LiabilitiesLn 26$781.2M
PeoplePt VI, VII
26
listed · VII A
PaidVII A13
Voting boardVI 1a11
IndependentVI 1b10
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$3.8M
Fees for servicesLn 2g$299.4M
Investment incomeLn 3$41.6M
Other incomeLn 4–11$699K
Gains on assetsLn 7$19.6M
Total revenueLn 12$345.4M
Assets in detailPt X, end of year
SavingsLn 2$95.1M
Cash and savings togetherLn 1–2$95.1M
InvestmentsLn 11–13$885.4M
Land, buildings, equipmentLn 10c$32.3M
Other assetsLn 15$47.9M
Total assetsLn 16$1.2B
LiabilitiesLn 26$781.2M
Net assetsLn 32$388.4M
OperationsPt I, VI
EmployeesI 51,461
VolunteersI 614
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$38.3M$95.1M
InvestmentsLn 11–13$775.8M$885.4M
Land, buildings, equipmentLn 10c$73.8M$32.3M
Total assetsLn 16$945.9M$1.17B
LiabilitiesLn 26$596.0M$781.2M
Net assetsLn 32$349.9M$388.4M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$137K$137K
Grants to domestic individualsLn 2$1.1M$1.1M
Benefits paid to or for membersLn 4$0$0
Pay of current officers, directors and key staffLn 5$9.3M$7.2M$2.1M$0
Other salaries and wagesLn 7$155.9M$124.4M$29.3M$2.1M
Pension plan contributionsLn 8$8.6M$6.9M$1.6M$110K
Other employee benefitsLn 9$17.9M$14.3M$3.3M$248K
Payroll taxesLn 10$12.8M$10.2M$2.4M$160K
Legal feesLn 11b$1.4M$1.1M$266K$0
Accounting feesLn 11c$676K$546K$130K$0
Lobbying feesLn 11d$358K$290K$69K$0
Investment management feesLn 11f$3.3M$2.7M$636K$0
Other fees for servicesLn 11g$33.0M$26.6M$6.3M$146K
Advertising and promotionLn 12$8.0M$6.2M$1.5M$263K
Office expensesLn 13$18.3M$14.7M$3.5M$64K
Information technologyLn 14$41.2M$33.1M$7.9M$214K
OccupancyLn 16$5.9M$4.8M$1.1M$12K
TravelLn 17$13.2M$10.4M$2.5M$346K
Conferences, conventions and meetingsLn 19$4.7M$3.8M$898K$73K
Depreciation, depletion and amortizationLn 22$22.2M$17.9M$4.3M$11K
InsuranceLn 23$1.4M$1.1M$268K$1K
Other expenses (24a–d)Ln 24$1.5M$1.2M$271K$76
All other expensesLn 24e$0$0$0$0
Total functional expensesLn 25$360.9M$288.8M$68.3M$3.8M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $345.4M$360.9M−$15.5M$388.4M 990 PDF
FY2024 $264.7M$272.8M−$8.1M$349.9M 990 PDF
FY2023 $682.1M$693.1M−$11.0M$315.3M 990 PDF
FY2022 $1.1B$1.1B$47.0M$321.7M 990 PDF
FY2021 $1.0B$994.7M$25.4M$313.1M 990 PDF
FY2020 $922.5M$882.5M$40.0M$250.3M 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 FY2025 990 (6 parts)
Part I · Summary $345,446,693 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $503,776$3,790,949
I-9 Program service revenuePrior year $235,123,802$299,389,323
I-10 Investment incomePrior year $28,712,572$41,567,573
I-11 Other revenuePrior year $366,325$698,848
I-12 Total revenuePrior year $264,706,475$345,446,693
I-13 Grants and similar amounts paidPrior year $0$1,259,354
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $160,394,121$204,429,899
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $112,409,671$155,229,016
I-18 Total expensesPrior year $272,803,792$360,918,269
I-19 Revenue less expensesPrior year −$8,097,317−$15,471,576
Part VI · Governance 10 of 11 board members independent, no flags
VI-1a Voting members of the governing body11
VI-1b Independent voting members10
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 $345,446,693 across 7 lines filed
VIII-1f All other contributions, gifts and grants$3,790,949
VIII-1h Total contributions, gifts and grants$3,790,949
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $299,389,323 · Unrelated business $0 · Excluded from tax $0$299,389,323
VIII-3 Investment incomeRelated to mission $0 · Unrelated business $0 · Excluded from tax $21,937,391$21,937,391
VIII-7 Net gain or loss on sales of assetsRelated to mission $0 · Unrelated business $0 · Excluded from tax $19,630,182$19,630,182
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $0 · Unrelated business $0 · Excluded from tax $698,848$698,848
VIII-12 Total revenueRelated to mission $299,389,323 · Unrelated business $0 · Excluded from tax $42,266,421$345,446,693
Part IX · Statement of functional expenses $360,918,269 across 23 lines filed
IX-1 Grants to domestic organizationsPrograms $136,505$136,505
IX-2 Grants to domestic individualsPrograms $1,122,849$1,122,849
IX-4 Benefits paid to or for membersPrograms $0$0
IX-5 Pay of current officers, directors and key staffPrograms $7,219,878 · Management $2,055,148 · Fundraising $0$9,275,026
IX-7 Other salaries and wagesPrograms $124,432,775 · Management $29,321,643 · Fundraising $2,137,885$155,892,303
IX-8 Pension plan contributionsPrograms $6,870,598 · Management $1,633,773 · Fundraising $109,720$8,614,091
IX-9 Other employee benefitsPrograms $14,292,347 · Management $3,335,621 · Fundraising $247,569$17,875,537
IX-10 Payroll taxesPrograms $10,206,064 · Management $2,406,406 · Fundraising $160,472$12,772,942
IX-11b Legal feesPrograms $1,117,669 · Management $265,686 · Fundraising $0$1,383,355
IX-11c Accounting feesPrograms $545,972 · Management $129,785 · Fundraising $0$675,757
IX-11d Lobbying feesPrograms $289,632 · Management $68,850 · Fundraising $0$358,482
IX-11f Investment management feesPrograms $2,673,763 · Management $635,592 · Fundraising $0$3,309,355
IX-11g Other fees for servicesPrograms $26,557,362 · Management $6,313,067 · Fundraising $145,660$33,016,089
IX-12 Advertising and promotionPrograms $6,243,196 · Management $1,484,097 · Fundraising $263,329$7,990,622
IX-13 Office expensesPrograms $14,747,116 · Management $3,505,601 · Fundraising $64,109$18,316,826
IX-14 Information technologyPrograms $33,101,724 · Management $7,868,755 · Fundraising $214,412$41,184,891
IX-16 OccupancyPrograms $4,774,693 · Management $1,135,013 · Fundraising $12,243$5,921,949
IX-17 TravelPrograms $10,421,938 · Management $2,477,444 · Fundraising $345,751$13,245,133
IX-19 Conferences, conventions and meetingsPrograms $3,778,088 · Management $898,106 · Fundraising $72,553$4,748,747
IX-22 Depreciation, depletion and amortizationPrograms $17,945,736 · Management $4,265,959 · Fundraising $10,605$22,222,300
IX-23 InsurancePrograms $1,126,545 · Management $267,796 · Fundraising $1,360$1,395,701
IX-24 Other expenses (24a–d)Programs $1,189,161 · Management $270,572 · Fundraising $76$1,459,809
IX-24e All other expensesPrograms $0 · Management $0 · Fundraising $0$0
IX-25 Total functional expensesPrograms $288,793,611 · Management $68,338,914 · Fundraising $3,785,744$360,918,269
Part X · Balance sheet $1,169,597,295 assets, 19 lines filed
Asset lines not itemized here account for $8,993,287; see the IRS return.
X-2 Savings and temporary cash investmentsStart of year $38,322,689$95,056,371
X-3 Pledges and grants receivableStart of year $296,996$116,051
X-4 Accounts receivableStart of year $235,332$4,515,642
X-9 Prepaid expenses and deferred chargesStart of year $16,264,092$26,418,464
X-10c Land, buildings and equipment, netStart of year $73,810,739$32,292,532
X-11 Publicly traded securitiesStart of year $658,150,968$681,252,534
X-12 Other securitiesStart of year $78,909,970$152,700,100
X-13 Program-related investmentsStart of year $38,766,654$51,452,942
X-14 Intangible assetsStart of year $0$68,938,982
X-15 Other assetsStart of year $41,112,688$47,860,390
X-16 Total assetsStart of year $945,870,128$1,169,597,295
X-17 Accounts payable and accrued expensesStart of year $39,537,239$47,692,487
X-19 Deferred revenueStart of year $367,302$3,569,643
X-25 Other liabilitiesStart of year $556,091,056$729,919,034
X-26 Total liabilitiesStart of year $595,995,597$781,181,164
X-27 Net assets without donor restrictionsStart of year $347,262,169$385,481,253
X-28 Net assets with donor restrictionsStart of year $2,612,362$2,934,878
X-32 Total net assets or fund balancesStart of year $349,874,531$388,416,131
X-33 Total liabilities and net assetsStart of year $945,870,128$1,169,597,295
Part XI · Reconciliation of net assets $388,416,131 net assets at year end
XI-1 Total revenue$345,446,693
XI-2 Total expenses$360,918,269
XI-3 Revenue less expenses−$15,471,576
XI-4 Net assets at start of year$349,874,531
XI-5 Net unrealized gains (losses) on investments$52,377,750
XI-9 Other changes in net assets$1,635,426
XI-10 Net assets at end of year$388,416,131

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

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