WESLEYAN UNIVERSITY

EIN: 060646959 501(c)(3) Education

MIDDLETOWN, CT

Total Revenue
$289,410,000
Total Expenses
$352,224,000
Total Assets
$2,371,732,000
Net Assets
$1,831,536,000
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Organization Details

Formation Year
1831
Legal Domicile
CT
Principal Officer
MICHAEL ROTH
Phone
8606852000
Tax Period
2022-07-01 to 2023-06-30

WESLEYAN UNIVERSITY, founded in 1831, is a major nonprofit in the Education sector that reported $289.4M in total revenue in fiscal year 2022. Expenses of $352.2M exceeded revenue, resulting in a 22% operating deficit.

Mission

WESLEYAN UNIVERSITY IS DEDICATED TO PROVIDING AN EDUCATION IN LIBERAL ARTS BY BUILDING A DIVERSE, ENERGETIC COMMUNITY OF STUDENTS FACULTY, AND STAFF WHO VALUE INDEPENDENCE OF MIND AND GENEROSITY OF SPIRIT. SEE ADDITIONAL DESCRIPTION IN SCHEDULE O.

Program Service Accomplishments

Program 1
Expenses: $219,297,144 Revenue: $208,860,000

INSTRUCTION AND RESEARCHWESLEYAN UNIVERSITY OFFERS MORE THAN 1,000 COURSES IN 47 MAJOR FIELDS OF STUDY, 32 MINOR FIELDS OF STUDY, AND 3 CERTIFICATE PROGRAMS, AND AWARDS THE BACHELOR OF ARTS AND...

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INSTRUCTION AND RESEARCHWESLEYAN UNIVERSITY OFFERS MORE THAN 1,000 COURSES IN 47 MAJOR FIELDS OF STUDY, 32 MINOR FIELDS OF STUDY, AND 3 CERTIFICATE PROGRAMS, AND AWARDS THE BACHELOR OF ARTS AND GRADUATE DEGREES. THE MASTER OF ARTS DEGREE AND THE DOCTOR OF PHILOSOPHY ARE REGULARLY AWARDED IN SIX FIELDS OF STUDY. IN ADDITION, STUDENTS MAY BE COUNTED UPON TO DEVISE, WITH THE FACULTY, SOME 900 INDIVIDUAL TUTORIALS AND LESSONS.INSTRUCTION AND RESEARCH INCLUDES ALL EXPENDITURES FOR COMPENSATION AND OTHER EXPENSES IN SUPPORT OF INSTRUCTIONAL ACTIVITY.- 801 BACHELOR OF ARTS AND 82 GRADUATE DEGREES WERE AWARDED IN 2022.- THE STUDENT BODY IS MADE UP OF APPROXIMATELY 3,000 STUDENTS FULL-TIME UNDERGRADUATES AND 130 GRADUATE STUDENTS, AS WELL AS AROUND 60 STUDENTS PER YEAR IN THE GRADUATE LIBERAL STUDIES PROGRAM. AN ONGOING FACULTY OF MORE THAN 430 IS JOINED EACH SEMESTER BY A DISTINGUISHED GROUP OF VISITING ARTISTS AND PROFESSORS. TODAY'S STUDENT/INSTRUCTOR RATIO IS 8 TO 1, AND ABOUT TWO THIRDS OF ALL COURSES ENROLL FEWER THAN 20 STUDENTS.

Program 2
Expenses: $61,711,000 Revenue: $55,913,000

AUXILIARY SERVICES AND OTHERAUXILIARY SERVICES INCLUDE THE COSTS OF ROOM AND BOARD FOR APPROXIMATELY 3,000 STUDENTS RESIDING ON A 316 ACRE CAMPUS. THERE ARE 8 RESIDENCE HALLS, 7 APARTMENT COMPLEXES...

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AUXILIARY SERVICES AND OTHERAUXILIARY SERVICES INCLUDE THE COSTS OF ROOM AND BOARD FOR APPROXIMATELY 3,000 STUDENTS RESIDING ON A 316 ACRE CAMPUS. THERE ARE 8 RESIDENCE HALLS, 7 APARTMENT COMPLEXES AND OVER 25 PROGRAM HOUSES IN ADDITION TO OVER 140 HOUSE UNITS ON CAMPUS FOR UPPER-CLASS STUDENTS. WORKING IN PARTNERSHIP WITH STUDENTS AND COLLABORATIVELY WITH OTHER MEMBERS OF THE WESLEYAN COMMUNITY, THE OFFICE OF RESIDENTIAL LIFE STRIVES TO PROVIDE A SAFE AND SUPPORTIVE RESIDENTIAL ENVIRONMENT THAT COMPLEMENTS AND EXTENDS STUDENTS' EDUCATIONAL EXPERIENCE. STUDENT-CENTERED PROGRAMS AND SERVICES ARE DEVELOPED AND IMPLEMENTED WITH AN EMPHASIS ON HOLISTIC INDIVIDUAL AND COMMUNITY DEVELOPMENT, STUDENT LEADERSHIP, INDIVIDUAL RESPONSIBILITY, ADVOCACY OF ACADEMIC INQUIRY, AND FREEDOM OF THOUGHT, OPINION AND EXPRESSION IN THE SPIRIT OF MUTUAL RESPECT. THESE ARE THE HALLMARKS OF THE WESLEYAN RESIDENTIAL EXPERIENCE, AND THEY PROVIDE THE ESSENTIAL FOUNDATION FOR A QUALITY LIBERAL ARTS EDUCATION WITHIN A DIVERSE AND DYNAMIC COMMUNITY.

Program 3
Expenses: $12,699,000

LIBRARIESLIBRARY EXPENSES INCLUDE ACQUISITION OF BOOKS, PERIODICALS AND OTHER MATERIALS, COMPENSATION OF STAFF, AND OTHER EXPENDITURES IN SUPPORT OF THE LIBRARY. THE MISSION OF THE LIBRARY IS TO...

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LIBRARIESLIBRARY EXPENSES INCLUDE ACQUISITION OF BOOKS, PERIODICALS AND OTHER MATERIALS, COMPENSATION OF STAFF, AND OTHER EXPENDITURES IN SUPPORT OF THE LIBRARY. THE MISSION OF THE LIBRARY IS TO PROVIDE THE INFORMATION SERVICES AND RESOURCES REQUIRED TO SUPPORT THE LEARNING, TEACHING, AND RESEARCH OF THE WESLEYAN COMMUNITY.TO CARRY OUT THIS MISSION THE LIBRARY WILL: - ORGANIZE AND PROVIDE INTELLECTUAL AND PHYSICAL ACCESS TO COLLECTIONS AND INFORMATION RESOURCES LOCALLY AND WORLD-WIDE- DEVELOP AND PRESERVE LOCAL COLLECTIONS - TEACH AND GUIDE USERS IN THE LIBRARY RESEARCH PROCESS - PROVIDE AN ATMOSPHERE CONDUCIVE TO STUDY, RESEARCH, AND LEARNING - CONTRIBUTE TO THE LARGER SCHOLARLY WORLDTHE WESLEYAN LIBRARY WILL PROVIDE UNEXCELLED SERVICES. IT IS A DYNAMIC PLACE WHERE LIBRARY STAFF PROVIDE USERS WITH THE INFORMATION THEY NEED, AS WELL AS A KEEN SENSE THAT THERE ARE MANY PATHS, AND A WIDE RANGE OF SKILLS NECESSARY FOR THE EFFECTIVE USE AND EVALUATION OF INFORMATION RESOURCES.

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Trantor Score

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $50,718,000
Program Service Revenue $264,773,000
Investment Income $-35,590,000
Other Revenue $9,509,000
TOTAL REVENUE $289,410,000

Expense Breakdown

Grants Paid $78,708,199
Salaries & Benefits $153,686,861
Fundraising Expenses $9,952,202
Program Expenses $299,756,531
Other Expenses $119,828,940
TOTAL EXPENSES $352,224,000

Year-over-Year Comparison

2022 2021 Change
Revenue $289,410,000 $301,412,000 0.0%
Expenses $352,224,000 $334,811,000 +0.1%
Net Income $-62,814,000 $-33,399,000 +0.9%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
35
Independent Members
33
Employees
3699
Volunteers
666

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
3
$2,056,732
Total Directors
35
$1,254,083
Key Employees
10
$4,244,548
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MICHAEL S ROTH PRESIDENT AND TRUSTEE 38.00
Officer Director
$808,144 $445,939 $1,254,083
FELICIA APPENTENG TRUSTEE 1.00
Director
$0 $0 $0
ESSEL W BAILEY JR TRUSTEE 1.00
Director
$0 $0 $0
ANDREA GRUBB BARTHWELL TRUSTEE 1.00
Director
$0 $0 $0
ADAM C BIRD TRUSTEE 1.00
Director
$0 $0 $0
PHOEBE C BOYER TRUSTEE 1.00
Director
$0 $0 $0
LUZ NEREIDA BURGOS-LOPEZ TRUSTEE 1.00
Director
$0 $0 $0
MARC N CASPER TRUSTEE 1.00
Director
$0 $0 $0
ERIC B DACHS TRUSTEE 1.00
Director
$0 $0 $0
STUART J ELLMAN TRUSTEE 1.00
Director
$0 $0 $0
ANDREW H FAIRBANKS TRUSTEE 1.00
Director
$0 $0 $0
NYASHA SHANI FOY TRUSTEE 1.00
Director
$0 $0 $0
JOHN B FRANK TRUSTEE 1.00
Director
$0 $0 $0
ANNE S GOLDRACH TRUSTEE 1.00
Director
$0 $0 $0
SCOTT GOTTLIEB TRUSTEE 1.00
Director
$0 $0 $0
SUSANNAH GRAY TRUSTEE 1.00
Director
$0 $0 $0
JOSHUA BRUCE GUILD TRUSTEE 1.00
Director
$0 $0 $0
SARAH B KENDALL TRUSTEE 1.00
Director
$0 $0 $0
KIKI KENNEDY TRUSTEE 1.00
Director
$0 $0 $0
KIMBERLY KING TRUSTEE 1.00
Director
$0 $0 $0
ROBERT F KING TRUSTEE 1.00
Director
$0 $0 $0
GAIL MARCUS TRUSTEE 1.00
Director
$0 $0 $0
DEGAN MERCADO LEOPOLD TRUSTEE 1.00
Director
$0 $0 $0
CHRISTINA PINA TRUSTEE 1.00
Director
$0 $0 $0
ROBERT A PRUZAN TRUSTEE 1.00
Director
$0 $0 $0
PHILIP J RAUCH TRUSTEE 1.00
Director
$0 $0 $0
JOHN RHEA TRUSTEE 1.00
Director
$0 $0 $0
MICHELE A ROBERTS TRUSTEE 1.00
Director
$0 $0 $0
BOZOMA SAINT JOHN TRUSTEE 1.00
Director
$0 $0 $0
JOHN M SHAPIRO TRUSTEE 1.00
Director
$0 $0 $0
JOEL C TILLINGHAST TRUSTEE 1.00
Director
$0 $0 $0
ANDREW E VOGEL TRUSTEE 1.00
Director
$0 $0 $0
ELLEN E WEST TRUSTEE 1.00
Director
$0 $0 $0
LUKE WOOD TRUSTEE 1.00
Director
$0 $0 $0
JOHN YANG TRUSTEE 1.00
Director
$0 $0 $0
ANDREW TANAKA SVP, CHIEF ADMIN OFF. & TR 38.00
Officer
$331,944 $96,526 $428,470
DAVID STUART WINAKOR GENERAL COUNSEL/SECRETARY 38.00
Officer
$291,789 $82,390 $374,179
ANNE MARTIN CHIEF INVESTMENT OFFICER 38.00
Key Emp
$1,261,392 $114,712 $1,376,104
NICOLE LYNN STANTON PROVOST, SR VP ACADEMIC AF 38.00
Key Emp
$293,278 $109,468 $402,746
FRANTZ WILLIAMS JR VP FOR ADVANCEMENT 38.00
Key Emp
$318,137 $59,273 $377,410
MICHAEL J WHALEY VP FOR STUDENT AFFAIRS 38.00
Key Emp
$247,228 $65,943 $313,171
AMIN ABDUL-MALIK GONZALEZ VP & DEAN OF ADMIN/FIN AID 38.00
Key Emp
$214,987 $74,855 $289,842
RENELL M WYNN VICE PRESIDENT FOR COMMUNICATIONS 38.00
Key Emp
$253,136 $50,815 $303,951
DAVE BAIRD VICE PRESIDENT FOR IT/CIO 38.00
Key Emp
$222,460 $72,288 $294,748
ALISON P WILLIAMS VP EQUITY&INCLUSION/TITLE IX 38.00
Key Emp
$240,480 $52,422 $292,902
GARY SHAW CHAIR OF FACULTY 38.00
Key Emp
$181,692 $43,755 $225,447
ISHITA MUKERJI CHAIR OF FACULTY 38.00
Key Emp
$234,686 $133,541 $368,227
JONATHAN DON FARRAR DIRECTOR OF INVESTMENTS 38.00
Highest
$548,746 $112,207 $660,953
MATTHEW MAGENHEIM DIRECTOR, INVESTMENT OFFICE 38.00
Highest
$365,983 $82,781 $448,764
BRETT A SALAFIA DIRECTOR, OPS & INVEST 38.00
Highest
$303,552 $36,445 $339,997
LISA C DIERKER PROFESSOR 38.00
Highest
$245,092 $138,946 $384,038
DEMETRIUS L EUDELL PROFESSOR 38.00
Highest
$244,815 $71,967 $316,782
ANDREA L PATALANO FMR CHAIR OF FACULTY 38.00
$172,739 $44,223 $216,962
SEAN MCCANN FMR CHAIR OF FACULTY 38.00
$169,339 $83,687 $253,026
JANICE NAEGELE FMR CHAIR OF FACULTY 38.00
$215,673 $37,257 $252,930
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 No data No data No data No data
2024 No data No data No data No data
2023 $289,410,000 $352,224,000 $2,371,732,000 $-62,814,000
2022 $301,412,000 $334,811,000 $2,367,734,000 $-33,399,000
2021 $329,521,000 $294,089,000 $2,329,320,000 $35,432,000
2020 $326,592,000 $291,157,000 $1,706,429,000 $35,435,000
2020 $326,592,000 $291,157,000 $1,706,429,000 $35,435,000
2019 $304,957,000 $290,552,000 $1,541,592,000 $14,405,000
2018 $286,232,000 $284,408,000 $1,515,172,000 $1,824,000
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