WARREN WILSON COLLEGE

EIN: 560767736 501(c)(3) Education

ASHEVILLE, NC

Total Revenue
$44,477,604
Total Expenses
$49,734,481
Total Assets
$103,554,057
Net Assets
$82,192,448
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1962
Legal Domicile
NC
Principal Officer
DR DAMIAN J FERNANDEZ
Phone
8282983325
Tax Period
2022-07-01 to 2023-06-30

WARREN WILSON COLLEGE, founded in 1962, is a mid-sized nonprofit in the Education sector that reported $44.5M in total revenue in fiscal year 2022. Revenue decreased 13% compared to the prior year. Expenses of $49.7M exceeded revenue, resulting in a 12% operating deficit.

Mission

WARREN WILSON COLLEGE'S DISTINCTIVE APPROACH TO EDUCATION INTENTIONALLY INTEGRATES ACADEMICS, WORK, AND COMMUNITY ENGAGEMENT TO CULTIVATE CURIOSITY, EMPATHY, AND INTEGRITY. WE EMPOWER GRADUATES TO PURSUE MEANINGFUL CAREERS AND LEAD PURPOSEFUL LIVES DEDICATED TO A JUST, EQUITABLE, AND SUSTAINABLE WORLD.

Program Service Accomplishments

Program 1
Expenses: $42,513,804 Revenue: $35,305,992

EDUCATIONAL PROGRAM: MOST PROGRAMS RENDERED ARE RELATED TO PROVIDING USEFUL AND PRODUCTIVE WORK, AND SERVICE TO OTHERS BEYOND THE CAMPUS COMMUNITY. THE FULL-TIME EQUIVALENT ENROLLMENT AT THE COLLEGE...

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EDUCATIONAL PROGRAM: MOST PROGRAMS RENDERED ARE RELATED TO PROVIDING USEFUL AND PRODUCTIVE WORK, AND SERVICE TO OTHERS BEYOND THE CAMPUS COMMUNITY. THE FULL-TIME EQUIVALENT ENROLLMENT AT THE COLLEGE DURING THE 2022-23 ACADEMIC YEAR WAS APPROXIMATELY 727 UNDERGRADUATE STUDENTS. A TOTAL OF 175 STUDENTS GRADUATED FROM THE COLLEGE DURING THE YEAR. A LOW-RESIDENCY GRADUATE PROGRAM IN CREATIVE WRITING LEADING TO A MASTER OF FINE ARTS DEGREE IS ALSO OFFERED, AND AVERAGES AROUND 72 ENROLLEES. WE ALSO OFFER ANOTHER LOW RESIDENCY GRADUATE PROGRAM CONCLUDING WITH A MASTER OF ARTS IN CRITICAL CRAFT STUDIES AND AVERAGES AROUND 16 ENROLLEES. THE COLLEGE PREPARED STUDENTS REPRESENTING A BROADLY DIVERSE WORLD FOR SERVICE, LEADERSHIP, AND MEANINGFUL LIFELONG WORK AND STUDY BY OFFERING AN EDUCATIONAL PROGRAM THAT ENABLES STUDENTS TO THINK CRITICALLY, OBTAIN AND EVALUATE INFORMATION EFFECTIVELY, AND COMMUNICATE CLEARLY, INTRODUCING THEM TO A VARIETY OF WAYS BY WHICH HUMANS ACQUIRE AND USE KNOWLEDGE, AND THAT PROVIDES STUDENTS WITH OPPORTUNITIES TO DEVELOP A BREADTH OF UNDERSTANDING AND TO MAKE CONNECTIONS AMONG AREAS CONSIDERED CRITICAL TO A LIBERAL ARTS CURRICULUM, AND REQUIRING THAT THEY DEMONSTRATE A DEPTH OF UNDERSTANDING THROUGH COMPETENCE IN ONE OR MORE ACADEMIC DISCIPLINES. ENVIRONMENTAL STUDIES IS THE MAJOR WITH THE LARGEST NUMBER OF STUDENTS, IN KEEPING WITH ANOTHER INSTITUTIONAL OBJECTIVE, THAT OF PROMOTING ENVIRONMENTAL RESPONSIBILITY THROUGH EDUCATION, CAMPUS OPERATIONS POLICY, AND COMMUNITY OUTREACH. THE COLLEGE ALSO FURNISHES STUDENTS WITH OPPORTUNITIES TO UNDERSTAND AND APPRECIATE A VARIETY OF CULTURES, ASSISTING THEM IN DEVELOPING AWARENESS OF THE COMMONALITY OF HUMAN PROBLEMS AND THE DIVERSITY OF THE WORLD. THE COLLEGE SPONSORED FOUR STUDY ABROAD COURSES LED BY THE COLLEGE'S FACULTY AND STAFF IN 2022-2023. THESE COURSES TRAVELED TO CUBA, GERMANY, INDONESIA & SINGAPORE, AND NETHERLANDS. IN ADDITION, WE SENT 15 STUDENTS ON OUR SEMESTER-LONG STUDY ABROAD EXCHANGE PROGRAMS TO COUNTRIES AROUND THE WORLD. WARREN WILSON COLLEGE'S EXPERIENTIAL LEARNING MODEL LEADS STUDENTS INTO CONSIDERED REFLECTION ON THE MEANING AND VALUE OF WORK AND COMMUNITY ENGAGEMENT, GUIDING STUDENTS IN EXAMINING THEIR LIVES AND ARTICULATING THEIR BELIEFS AND VALUES, AND PROVIDES THEM WITH OPPORTUNITIES FOR PERSONAL, PHYSICAL, MORAL, AND SPIRITUAL DEVELOPMENT. TOWARDS THESE ENDS, THE COLLEGE ORGANIZED DIVERSE WORK CREWS IN THE COLLEGE WORK PROGRAM DURING THE YEAR, WITH APPROXIMATELY 682 STUDENTS PARTICIPATING IN THE FALL OF 2022 AND 608 STUDENTS PARTICIPATING IN THE SPRING OF 2023. THE ANNUAL COLLEGE-WIDE WORK DAY HELD IN APRIL OF 2023 YIELDED PARTICIPATION FROM OVER 350 STUDENTS AND OVER 50 FACULTY/STAFF. THE COLLEGE ALSO PRIORITIZES COMMUNITY ENGAGEMENT AS PART OF ITS MISSION, WITH SIGNIFICANT CONTRIBUTIONS BEING MADE TO SCHOOLS AND NONPROFITS IN OUR IMMEDIATE AREA AND AROUND THE WORLD. FROM 2022- 2023, 479 STUDENTS COMPLETED 29,200 VOLUNTEER HOURS AT OVER 80 LOCAL, NATIONAL, AND INTERNATIONAL AGENCIES DURING THE YEAR. FOR THE COLLEGE'S ANNUAL SERVICE DAY IN AUGUST 2022, OVER 300 STUDENTS, FACULTY, AND STAFF WARREN WILSON COLLEGE 56-0767736 PARTICIPATED AT 16 SITES CONTRIBUTING OVER 1,500 HOURS OF SERVICE TO THE COMMUNITY.

Program 2
Expenses: $865,467 Revenue: $869,203

PUBLIC SERVICES PROGRAM: THE SWANNANOA GATHERING IS A SERIES OF WEEKLY SUMMER MUSIC WORKSHOPS HELD ON THE WARREN WILSON COLLEGE CAMPUS EACH JUNE AND JULY THE ENROLLMENT IS LIMITED, WITH AN OPEN...

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PUBLIC SERVICES PROGRAM: THE SWANNANOA GATHERING IS A SERIES OF WEEKLY SUMMER MUSIC WORKSHOPS HELD ON THE WARREN WILSON COLLEGE CAMPUS EACH JUNE AND JULY THE ENROLLMENT IS LIMITED, WITH AN OPEN FORMAT, WHICH ALLOWS EACH STUDENT TO SELECT THEIR OWN CURRICULUM FROM A VARIETY OF COURSES WITH DIFFERENT EXPERIENCE LEVELS AND ABILITIES. HOUSING AND MEALS FOR PARTICIPANTS IS AN OPTION. THE NORTH CAROLINA DEPARTMENT OF PUBLIC INSTRUCTION HAS ALLOWED 3 HOURS OF TEACHING CERTIFICATE RENEWAL CREDITS, WITH PRIOR APPROVAL, FOR EACH WEEK OF THE SERIES.

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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 $5,809,477
Program Service Revenue $36,175,195
Investment Income $2,467,188
Other Revenue $25,744
TOTAL REVENUE $44,477,604

Expense Breakdown

Grants Paid $17,562,350
Salaries & Benefits $16,687,907
Fundraising Expenses $629,605
Program Expenses $43,379,271
Other Expenses $15,484,224
TOTAL EXPENSES $49,734,481

Year-over-Year Comparison

2022 2021 Change
Revenue $44,477,604 $50,895,814 -0.1%
Expenses $49,734,481 $47,256,988 +0.1%
Net Income $-5,256,877 $3,638,826 -2.4%
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
31
Employees
1179
Volunteers
31

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
14
$878,620
Total Directors
35
$432,970
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
F LACHICOTTE ZEMP JR CHAIR 1.00
Officer Director
$0 $0 $0
JEAN WRIGHT VEILLEUX VICE CHAIR 1.00
Officer Director
$0 $0 $0
DAVID W GREENFIELD SECRETARY 1.00
Officer Director
$0 $0 $0
WILLIAM A LARAMEE TREASURER 1.00
Officer Director
$0 $0 $0
AMY FREY AGER TRUSTEE 1.00
Officer Director
$0 $0 $0
H ROSS III ARNOLD TRUSTEE 1.00
Director
$0 $0 $0
CARMEN CASTALDI TRUSTEE 1.00
Director
$0 $0 $0
JESSICA L CULPEPPER TRUSTEE 1.00
Director
$0 $0 $0
JESSE C FRIPP TRUSTEE 1.00
Director
$0 $0 $0
NATHAN L GAZAWAY TRUSTEE 1.00
Director
$0 $0 $0
CARLA H GREENFIELD TRUSTEE 1.00
Director
$0 $0 $0
DAVID W GREENFIELD TRUSTEE 1.00
Director
$0 $0 $0
SUELLEN A HUDSON TRUSTEE 1.00
Director
$0 $0 $0
LATONYA CHAVIS KEENER TRUSTEE 1.00
Director
$0 $0 $0
STEPHEN R KEENER TRUSTEE 1.00
Director
$0 $0 $0
DR WILLIAM A LARAMEE TRUSTEE 1.00
Director
$0 $0 $0
DR ANNE GRAHAM MASTERS TRUSTEE 1.00
Director
$0 $0 $0
MUIRURI MUR K MUCHANE TRUSTEE 1.00
Director
$0 $0 $0
JEFFREY T PERKINS TRUSTEE 1.00
Director
$0 $0 $0
DEBORAH L REAMER TRUSTEE 1.00
Director
$0 $0 $0
ANTHONY S RUST TRUSTEE 1.00
Director
$0 $0 $0
DR GEORGE ANDREW SCOTT TRUSTEE 1.00
Director
$0 $0 $0
DR DAVID E SHI TRUSTEE 1.00
Director
$0 $0 $0
JEAN WRIGHT VEILLEUX TRUSTEE 1.00
Director
$0 $0 $0
LUCY M WHEELER TRUSTEE 1.00
Director
$0 $0 $0
JOEL B ADAMS JR EX-OFFICIO TRUSTEE 1.00
Director
$0 $0 $0
RONALD F HUNT EX-OFFICIO TRUSTEE 1.00
Director
$0 $0 $0
PATRICK MC MCKENZIE EX-OFFICIO TRUSTEE 1.00
Director
$0 $0 $0
ARIA B HANSEN EX-OFFICIO TRUSTEE 1.00
Director
$0 $0 $0
REV DR KEVIN E FREDERICK EX-OFFICIO TRUSTEE 1.00
Director
$0 $0 $0
ERIN P WORTHY EX-OFFICIO TRUSTEE 1.00
Director
$0 $0 $0
DAMIAN FERNANDEZ PRESIDENT 1.00
Officer Director
$45,178 $862 $46,040
WILLIAM H CHRISTY TERM 61523 INTERIM PRESIDENT 40.00
Officer Director
$213,157 $3,113 $216,270
CANDACE E TAYLOR ASS PROF OF THEATRE/ARTISTIC DIRECTOR OF WWC 40.00
Director
$60,457 $8,950 $69,407
CLARENCE L TATE JR EX-OFFICIO/DIRECTOR OF FMTS 40.00
Director
$89,780 $11,473 $101,253
BELINDA BURKE TERM 81222 VP FOR ADMIN AND FINANCE, CFO 40.00
Officer
$30,221 $1,436 $31,657
ALAN RUSSELL INTERIM VP FOR ADMIN AND FINANCE, CFO 40.00
Officer
$147,297 $2,476 $149,773
VENETTA SMITH DEAN OF STUDENTS 40.00
Officer
$69,570 $30,742 $100,312
BRIAN LIECHTI TERM 72222 VP OF ENROLLMENT AND MARKETING/DIRECTOR OF SUSTAIN 40.00
Officer
$8,925 $6,211 $15,136
ROBERT NESMITH VP OF ENROLLMENT, MARKETING & FINANCIAL AID 40.00
Officer
$41,624 $6,015 $47,639
JOHN WEDDELL ROBERTS PROVOST AND DEAN OF THE FACULTY 40.00
Officer
$174,059 $17,100 $191,159
MICIAH YEHUDA DIRECTOR OF DEI INITIATIVES 40.00
Officer
$73,241 $7,393 $80,634
LYNN M MORTON TERM 52722 FORMER PRESIDENT 40.00
$130,299 $3,312 $133,611
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 $44,477,604 $49,734,481 $103,554,057 $-5,256,877
2022 $50,895,814 $47,256,988 $106,662,699 $3,638,826
2021 $40,910,763 $41,457,479 $113,155,084 $-546,716
2020 $40,567,848 $42,328,622 $103,027,241 $-1,760,774
2019 $38,593,260 $40,516,684 $102,390,809 $-1,923,424
2018 $35,537,966 $36,795,653 $103,083,557 $-1,257,687
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