INDIANA WESLEYAN UNIVERSITY Charity Report

Public IRS 990 nonprofit record

INDIANA WESLEYAN UNIVERSITY

EIN 35-0885591 · Education (B42Z)

What they do

INDIANA WESLEYAN UNIVERSITY is A CHRIST-CENTERED ACADEMIC COMMUNITY COMMITTED to CHANGING THE WORLD BY DEVELOPING STUDENTS IN CHARACTER, SCHOLARSHIP, and LEADERSHIP.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $88.50 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders38 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

73.37%of revenue went to mission work88.5% of expenses · Program services

0.99%of revenue went to fundraising1.2% of expenses

$82.90spent for every $100 of revenueRevenue covered expenses this year.

8.54%of revenue went to management and office costs10.3% of expenses

$3.07in assets for every $1 spent this yearSome assets cannot be spent right away.

17.1%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Pay context: The highest compensation shown in this filing is $454,547 for JONATHAN S KULAGA (UNIVERSITY PRESIDENT). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$269,090,976

Mission workProgram services$197,437,23173.37% of revenue88.5% of expenses

ManagementOffice and general costs$22,982,1448.54% of revenue10.3% of expenses

FundraisingAsking for donations$2,664,6690.99% of revenue1.2% of expenses

Revenue left after expensesReported annual surplus$46,006,93217.10% of revenueShown in gray on the chart

Total expenses$223,084,04482.90% of revenue

Gray means reported revenue left after expenses for this filing year. It does not necessarily mean cash sitting in a bank account.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2024CurrentExpense mix: 88.5% mission · 10.3% management · 1.2% fundraisingTotal expenses: 82.90% of revenue

2023Expense mix: 89.3% mission · 9.6% management · 1.2% fundraisingTotal expenses: 94.24% of revenue

2022Expense mix: 88.7% mission · 10.3% management · 1.0% fundraisingTotal expenses: 101.33% of revenue

2021Expense mix: 88.8% mission · 10.0% management · 1.2% fundraisingTotal expenses: 100.70% of revenue

2020Expense mix: 88.0% mission · 11.0% management · 1.0% fundraisingTotal expenses: 97.48% of revenue

2019Expense mix: 89.4% mission · 9.7% management · 0.9% fundraisingTotal expenses: 99.52% of revenue

2018Expense mix: 91.3% mission · 7.6% management · 1.1% fundraisingTotal expenses: 96.37% of revenue

2017Expense mix: 89.8% mission · 9.0% management · 1.1% fundraisingTotal expenses: 96.03% of revenue

Money in and money out

Revenue$269,090,976

Expenses$223,084,044

Annual surplus $46,006,932 Revenue was higher than expenses for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$197,437,231 · 88.5% of expenses

Management and office costs$22,982,144 · 10.3% of expenses

Fundraising$2,664,669 · 1.2% of expenses

See all reported dollar amounts

Revenue$269,090,976

Expenses$223,084,044

Assets$685,685,861

Income$330,635,193

Contributions$46,026,574

Mission work (program services)$197,437,231

Fundraising$2,664,669

Grants given$563,140

Average grant$12,514

Management and general$22,982,144

Stocks and bonds$377,093,568

Accounting fees$66,410

Investing fees$251,003

People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation

JONATHAN S KULAGAUNIVERSITY PRESIDENT · 39 hrs/week $454,547Base $318,645 · Other $135,902

TOD DALBERGEVP/CHIEF INNOVATION & STRATEGY OFFICER · 40 hrs/week $245,528Base $164,853 · Other $80,675

GREG TONAGELHEAD COACH, MENS BASKETBALL · 40 hrs/week $202,496Base $169,761 · Other $32,735

EULALA EILEEN HULMECHANCELLOR OF NATIONAL GLOBAL · 39 hrs/week $201,982Base $171,052 · Other $30,930

ROBERT FRIBERGPROFESSOR/PROGRAM DIRECTOR, DPT · 40 hrs/week $198,651Base $149,817 · Other $48,834

KAREN DOWLINGEXEC VP/CHIEF PEOPLE & CULTURE OFFICER · 40 hrs/week $179,821Base $147,929 · Other $31,892

WARREN ROGERSPROFESSOR, BLANCHARD ENDOWED CHAIR · 40 hrs/week $169,431Base $145,717 · Other $23,714

TIFFANY LEWISINTERIM CFO (END 7/7/24) · 40 hrs/week $153,541Base $124,505 · Other $29,036

JEFF RAYISCFO (BEG 7/8/24) · 40 hrs/week $131,206Base $105,266 · Other $25,940

WAYNE SCHMIDTTRUSTEE · 1 hrs/week $24,539Base · Other $24,539

JOHANNA RUGHTRUSTEE · 1 hrs/week $18,196Base · Other $18,196

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (38)

JONATHAN S KULAGAUNIVERSITY PRESIDENT

TOD DALBERGEVP/CHIEF INNOVATION & STRATEGY OFFICER

GREG TONAGELHEAD COACH, MENS BASKETBALL

EULALA EILEEN HULMECHANCELLOR OF NATIONAL GLOBAL

ROBERT FRIBERGPROFESSOR/PROGRAM DIRECTOR, DPT

KAREN DOWLINGEXEC VP/CHIEF PEOPLE & CULTURE OFFICER

WARREN ROGERSPROFESSOR, BLANCHARD ENDOWED CHAIR

TIFFANY LEWISINTERIM CFO (END 7/7/24)

JEFF RAYISCFO (BEG 7/8/24)

WAYNE SCHMIDTTRUSTEE

JOHANNA RUGHTRUSTEE

STEPHEN LAUDERMILCHTRUSTEE

PAUL ANTHESTRUSTEE

PETRA RAYTRUSTEE (END 3/31/25)

RYAN FRANKTRUSTEE

SHARON EPPSTRUSTEE

KENT MORGANTRUSTEE (BEG 5/7/25)

STEVEN DENEFFTRUSTEE

STEVEN EDMONDSONTRUSTEE

THOMAS SCHMIDTTRUSTEE

TREY ROHRMANTRUSTEE (BEG 5/7/25)

YAREMI ALICEA MORALESTRUSTEE (END 5/5/25)

MICHAEL COLAWTRUSTEE

MICHAEL CARMICHAELTRUSTEE

KEVIN MYERSTRUSTEE

BARRY HINESTRUSTEE

JEFFREY FREEMANTRUSTEE (END 12/9/24)

JAMES POORE IITRUSTEE (END 12/31/24)

GARY OTTTRUSTEE

DONALD CADYTRUSTEE

DIANE FOLEYTRUSTEE

DEBBYE TURNER BELLTRUSTEE

DAVID DIMMICHTRUSTEE

DALE SLOANTRUSTEE

CINDY KRALLTRUSTEE

CHRISTOPHER CONRADTRUSTEE

CARL SHEPHERDTRUSTEE

BRIAN HARLOWTRUSTEE

About this charity

Recognized since: January 1951
Location: 4201 SOUTH WASHINGTON STREET, MARION, IN 46953-4974
County: Grant
In care of: % JEFF RAYIS
Primary officer: JEFFREY RAYIS, CFO

How to reach them

WebsiteVisit the charity’s website Phone(765) 677-2947

Filing and classification

Latest tax year: 2024
Tax period began: July 1, 2024
Return type: 990
Tax preparer: FORVIS MAZARS LLP
NTEE classification: Education (B42Z)
Grant-giving organization: Yes