WILMINGTON UNIVERSITY INC Charity Report

Public IRS 990 nonprofit record

WILMINGTON UNIVERSITY INC

EIN 51-0107088 · Higher Education (B40)

What they do

WILMINGTON UNIVERSITY is COMMITTED to EXCELLENCE IN TEACHING, RELEVANCY of THE CURRICULUM, and INDIVIDUAL ATTENTION to STUDENTS. AS AN INSTITUTION WITH ADMISSIONS POLICIES THAT PROVIDE ACCESS for ALL, IT OFFERS OPPORTUNITY for HIGHER EDUCATION to STUDENTS of VARYING AGES, INTERESTS and ASPIRATIONS.THE UNIVERSITY PROVIDES A RANGE of EXEMPLARY CAREER-ORIENTED UNDERGRADUATE, GRADUATE and DOCTORAL DEGREE PROGRAMS for A GROWING and DIVERSE STUDENT POPULATION. IT DELIVERS THESE PROGRAMS AT LOCATIONS and TIMES CONVENIENT to STUDENTS and AT AN AFFORDABLE PRICE. A HIGHLY QUALIFIED FULL-TIME FACULTY WORKS CLOSELY WITH PART-TIME FACULTY DRAWN FROM THE WORKPLACE to ENSURE THAT THE UNIVERSITYS PROGRAMS PREPARE STUDENTS to BEGIN or CONTINUE THEIR CAREER, IMPROVE THEIR COMPETITIVENESS IN THE JOB MARKET, and ENGAGE IN LIFELONG LEARNING.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $78.00 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 leaders26 people are listed in the latest report.

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

Money made simple

74.57%of revenue went to mission work78.0% of expenses · Program services

0.27%of revenue went to fundraising0.3% of expenses

$95.56spent for every $100 of revenueRevenue covered expenses this year.

20.72%of revenue went to management and office costs21.7% of expenses

$2.83in assets for every $1 spent this yearSome assets cannot be spent right away.

10.9%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 $2,384,463 for HEATHER OCONNELL (VICE PRESIDENT (THRU 2/29/24)). 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$142,357,658

Mission workProgram services$106,159,86774.57% of revenue78.0% of expenses

ManagementOffice and general costs$29,490,48820.72% of revenue21.7% of expenses

FundraisingAsking for donations$386,8000.27% of revenue0.3% of expenses

Revenue left after expensesReported annual surplus$6,320,5034.44% of revenueShown in gray on the chart

Total expenses$136,037,15595.56% 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: 78.0% mission · 21.7% management · 0.3% fundraisingTotal expenses: 95.56% of revenue

2023Expense mix: 78.4% mission · 21.4% management · 0.3% fundraisingTotal expenses: 85.24% of revenue

2022Expense mix: 81.9% mission · 17.8% management · 0.3% fundraisingTotal expenses: 97.94% of revenue

2021Expense mix: 72.8% mission · 26.9% management · 0.3% fundraisingTotal expenses: 92.00% of revenue

2020Expense mix: 74.0% mission · 25.8% management · 0.2% fundraisingTotal expenses: 77.14% of revenue

2019Expense mix: 72.8% mission · 26.9% management · 0.3% fundraisingTotal expenses: 90.11% of revenue

2018Expense mix: 74.0% mission · 25.8% management · 0.2% fundraisingTotal expenses: 97.67% of revenue

2017Expense mix: 73.0% mission · 27.0% management · 0.0% fundraisingTotal expenses: 88.99% of revenue

Money in and money out

Revenue$142,357,658

Expenses$136,037,155

Annual surplus $6,320,503 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)$106,159,867 · 78.0% of expenses

Management and office costs$29,490,488 · 21.7% of expenses

Fundraising$386,800 · 0.3% of expenses

See all reported dollar amounts

Revenue$142,357,658

Expenses$136,037,155

Assets$384,874,339

Income$156,456,220

Contributions$15,534,034

Mission work (program services)$106,159,867

Fundraising$386,800

Grants given$735,606

Average grant$10,077

Management and general$29,490,488

Stocks and bonds$184,152,001

Accounting fees$127,319

Investing fees$199,663

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

HEATHER OCONNELLVICE PRESIDENT (THRU 2/29/24) · 40 hrs/week $2,384,463Base $2,360,641 · Other $23,822

LAVERNE T HARMONPRESIDENT · 40 hrs/week $1,414,267Base $1,352,188 · Other $62,079

ERIN J DIMARCOSR. VICE PRESIDENT & COO · 40 hrs/week $747,028Base $661,182 · Other $85,846

LLOYD RICKETTSSR. VICE PRESIDENT, CFO & TREASURER · 40 hrs/week $667,901Base $597,481 · Other $70,420

PHILLIP CLOSIUSDEAN · 40 hrs/week $597,289Base $532,336 · Other $64,953

CAROLE D PITCHERFORMER VICE PRESIDENT $592,858

JAMES WILSON JRPROFESSOR · 40 hrs/week $559,720Base $442,728 · Other $116,992

CHRISTIAN TROWBRIDGEVICE PRESIDENT · 40 hrs/week $462,554Base $435,817 · Other $26,737

JACQUELINE VARSALONAVICE PRESIDENT · 40 hrs/week $446,013Base $406,785 · Other $39,228

DENISE WELLSVICE PRESIDENT · 40 hrs/week $327,267Base $285,247 · Other $42,020

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 (26)

HEATHER OCONNELLVICE PRESIDENT (THRU 2/29/24)

LAVERNE T HARMONPRESIDENT

ERIN J DIMARCOSR. VICE PRESIDENT & COO

LLOYD RICKETTSSR. VICE PRESIDENT, CFO & TREASURER

PHILLIP CLOSIUSDEAN

CAROLE D PITCHERFORMER VICE PRESIDENT

JAMES WILSON JRPROFESSOR

CHRISTIAN TROWBRIDGEVICE PRESIDENT

JACQUELINE VARSALONAVICE PRESIDENT

DENISE WELLSVICE PRESIDENT

THOMAS E LEIPOLDVICE CHAIRMAN

SUE L ROBINSONTRUSTEE

ROBERT C COLE JRTRUSTEE

MICHAEL J FARNANTRUSTEE

MELISSA A ZEBLEYTRUSTEE

TRACY T WOODSONTRUSTEE

MARIAM KOOHDARYTRUSTEE (AS OF 2/1/25)

JOSEPH J FARNAN JRCHAIRMAN

LAWRENCE H MILLERTRUSTEE

LARRY D GEHRKETRUSTEE

ALAN D ELLINGSWORTHTRUSTEE

JOHN J RAY IIITRUSTEE

EDMUND PRIBITKINTRUSTEE

DAVID F MARVINTRUSTEE

DANA P ROBINSONTRUSTEE

ALLEN L SAMUELSTRUSTEE

About this charity

Recognized since: January 1968
Location: 320 N DUPONT HWY, NEW CASTLE, DE 19720-6434
County: New Castle
In care of: % DAVE LEWIS
Primary officer: LLOYD A RICKETTS, SR. VICE PRESIDENT AND CFO

How to reach them

WebsiteVisit the charity’s website Phone(302) 356-6915

Filing and classification

Latest tax year: 2024
Tax period began: July 1, 2024
Return type: 990
Tax preparer: RSM US LLP
NTEE classification: Higher Education (B40)
IRS tax category: Higher Education
Grant-giving organization: Yes