Nebraska Wesleyan University in Lincoln, Nebraska (NE)

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Nebraska Wesleyan University
Employer Identification Number (EIN)470376524
Name of OrganizationNebraska Wesleyan University
In Care of NameNebraska Wesleyan University
Address5000 Saint Paul Avenue, Lincoln, NE 68504
ActivitiesPrivate school, School, college, trade school, etc.
SubsectionEducational Organization
Ruling Date05/1942
DeductibilityContributions are deductible
FoundationSchool
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period2013
Assets$50,000,000 to greater
Income$10,000,000 to $49,999,999
Filing Requirement990 - Required to file Form 990-N - Income less than $25,000 per year
Asset Amount$115,283,992
Amount of Income$46,883,917
Form 990 Revenue Amount$37,778,615
National Taxonomy of Exempt Entities (NTEE)Educational Institutions and Related Activities: Undergraduate College (4-year)


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Amount of income in 2013: $46,883,917
Nebraska Wesleyan University: 

 $46,883,917
Other organizations performing similar types of work: 

 $66,253,053

Assets in 2013: $115,283,992
Nebraska Wesleyan University: 

 $115,283,992
Other organizations performing similar types of work: 

 $118,174,264

Expenses in 2013: $36,429,764
Nebraska Wesleyan University: 

 $36,429,764
Other organizations performing similar types of work: 

 $52,716,293

Income to expenses ratio in 2013: 1.3
Nebraska Wesleyan University: 

 1.3
Other organizations performing similar types of work: 

 1.2

Expenses allocated to program services in 2007: 81.1%
Nebraska Wesleyan University: 

 81.1%
Other organizations performing similar types of work: 

 83.2%

Number of employees in 2013: 1,377
This organization: 

 1,377
Other organizations performing similar types of work: 

 1,113

Employees paid over $100,000 in 2013: 1.5%
Nebraska Wesleyan University: 

 1.5%
Other organizations performing similar types of work: 

 0.0%

Grants share in income in 2013: 13.0%
Nebraska Wesleyan University: 

 13.0%
Other organizations performing similar types of work: 

 4.4%

Financial snapshot ($)

Revenue for 2013

Assets at the end of 2013

Functional expenses for 2013

Checklist
2013
Is the organization described in section 501(c)(3) or 4947(a)(1) (other than a private foundation)?Yes
Is the organization required to complete Schedule B, Schedule of Contributors?Yes
Did the organization engage in direct or indirect political campaign activities on behalf of or in opposition to candidates for public office?No
Did the organization engage in lobbying activities, or have a section 501(h) election in effect during the tax year?Yes
Is the organization a section 501(c)(4), 501(c)(5), or 501(c)(6) organization that receives membership dues, assessments, or similar amounts as defined in Revenue Procedure 98-19?No
Did the organization maintain any donor advised funds or any similar funds or accounts for which donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts?No
Did the organization receive or hold a conservation easement, including easements to preserve open space, the environment, historic land areas, or historic structures?No
Did the organization maintain collections of works of art, historical treasures, or other similar assets?No
Did the organization report an amount for escrow or custodial account liability; serve as a custodian or provide credit counseling, debt management, credit repair, or debt negotiation services?Yes
Did the organization, directly or through a related organization, hold assets in temporarily restricted endowments, permanent endowments, or quasi-endowments?Yes
Did the organization report an amount for land, buildings, and equipment?Yes
Did the organization report an amount for investments-other securities that is 5% or more of its total assets?Yes
Did the organization report an amount for investments-program related that is 5% or more of its total assets?No
Did the organization report an amount for other assets that is 5% or more of its total assets?Yes
Did the organization report an amount for other liabilities?Yes
Did the organization's separate or consolidated financial statements for the tax year include a footnote that addresses the organization's liability for uncertain tax positions under FIN 48 (ASC 740)?No
Did the organization obtain separate, independent audited financial statements for the tax year?Yes
Was the organization included in consolidated, independent audited financial statements for the tax year?No
Is the organization a school described in section 170(b)(1)(A)(ii)?Yes
Did the organization maintain an office, employees, or agents outside of the United States?No
Did the organization have aggregate revenues or expenses of more than $10,000 from grantmaking, fundraising, business, investment, and program service activities outside the United States, or aggregate foreign investments valued at $100,000 or more?No
Did the organization report more than $5,000 of grants or other assistance to or for any foreign organization?No
Did the organization report more than $5,000 of aggregate grants or other assistance to or for foreign individuals?No
Did the organization report a total of more than $15,000 of expenses for professional fundraising services?No
Did the organization report more than $15,000 total of fundraising event gross income and contributions?No
Did the organization report more than $15,000 of gross income from gaming activities?No
Did the organization operate one or more hospital facilities?No
Did the organization attach a copy of its audited financial statements?No
Did the organization report more than $5,000 of grants or other assistance to any domestic organization or domestic government?No
Did the organization report more than $5,000 of grants or other assistance to or for domestic individuals?No
Did the organization answer 'Yes' about compensation of the organization's current and former officers, directors, trustees, key employees, and highest compensated employees?Yes
Did the organization have a tax-exempt bond issue with an outstanding principal amount of more than $100,000 as of the last day of the year, that was issued after December 31, 2002?Yes
Did the organization invest any proceeds of tax-exempt bonds beyond a temporary period exception?No
Did the organization maintain an escrow account other than a refunding escrow at any time during the year to defease any tax-exempt bonds?No
Did the organization act as an 'on behalf of' issuer for bonds outstanding at any time during the year?No
Did the organization engage in an excess benefit transaction with a disqualified person during the year?No
Is the organization aware that it engaged in an excess benefit transaction with a disqualified person in a prior year, and that the transaction has not been reported on any of the organization's prior Forms 990 or 990-EZ?No
Did the organization report any amount for receivables from or payables to any current or former officers, directors, trustees, key employees, highest compensated employees, or disqualified persons?No
Did the organization provide a grant or other assistance to an officer, director, trustee, key employee, substantial contributor or employee thereof, a grant selection committee member, or to a 35% controlled entity or family member of any of these persons?No
Was the organization a party to a business transaction with one of the following parties
A current or former officer, director, trustee, or key employee?No
A family member of a current or former officer, director, trustee, or key employee?No
An entity of which a current or former officer, director, trustee, or key employee (or a family member thereof) was an officer, director, trustee, or direct or indirect owner?No
Did the organization receive more than $25,000 in non-cash contributions?Yes
Did the organization receive contributions of art, historical treasures, or other similar assets, or qualified conservation contributions?No
Did the organization liquidate, terminate, or dissolve and cease operations?No
Did the organization sell, exchange, dispose of, or transfer more than 25% of its net assets?No
Did the organization own 100% of an entity disregarded as separate from the organization under Regulations sections 301.7701-2 and 301.7701-3?No
Was the organization related to any tax-exempt or taxable entity?Yes
Did the organization have a controlled entity within the meaning of section 512(b)(13)?No
Did the organization make any transfers to an exempt non-charitable related organization?No
Did the organization conduct more than 5% of its activities through an entity that is not a related organization and that is treated as a partnership for federal income tax purposes?No
Statements Regarding Other IRS Filings and Tax Compliance
20112013
The number reported in Box 3 of Form 10964,519
The number of Forms W-2G0
Did the organization comply with backup withholding rules for reportable payments to vendors and reportable gaming (gambling) winnings to prize winners?Yes
The number of employees reported on Form W-3, Transmittal of Wage and Tax Statements, filed for the calendar year ending with or within the year covered by this return1,377
Did the organization file all required federal employment tax returns?Yes
Did the organization have unrelated business gross income of $1,000 or more during the year?YesYes
Has it filed a Form 990-T for this year?Yes
At any time during the calendar year, did the organization have an interest in, or a signature or other authority over, a financial account in a foreign country (such as a bank account, securities account, or other financial account)?No
Was the organization a party to a prohibited tax shelter transaction at any time during the tax year?No
Did any taxable party notify the organization that it was or is a party to a prohibited tax shelter transaction?No
Did the organization file Form 8886-T?No
Does the organization have annual gross receipts that are normally greater than $100,000, and did the organization solicit any contributions that were not tax deductible as charitable contributions?No
Did the organization include with every solicitation an express statement that such contributions or gifts were not tax deductible?No
Did the organization receive a payment in excess of $75 made partly as a contribution and partly for goods and services provided to the payor?No
Did the organization notify the donor of the value of the goods or services provided?No
Did the organization sell, exchange, or otherwise dispose of tangible personal property for which it was required to file Form 8282?No
Did the organization receive any funds, directly or indirectly, to pay premiums on a personal benefit contract?No
Did the organization, during the year, pay premiums, directly or indirectly, on a personal benefit contract?No
If the organization received a contribution of qualified intellectual property, did the organization file Form 8899 as required?No
If the organization received a contribution of cars, boats, airplanes, or other vehicles, did the organization file a Form 1098-C?No
Did a donor advised fund maintained by the sponsoring organization have excess business holdings at any time during the year?No
Did the sponsoring organization make any taxable distributions under section 4966?No
Did the sponsoring organization make a distribution to a donor, donor advisor, or related person?No
Initiation fees and capital contributions$0$0
Gross receipts for public use of club facilities $0$0
Gross income from members or shareholders$0$0
Gross income from other sources$0$0
Is the organization filing Form 990 in lieu of Form 1041?No
The amount of tax-exempt interest received or accrued during the year$0
Is the organization licensed to issue qualified health plans in more than one state?No
The amount of reserves the organization is required to maintain by the states in which the organization is licensed to issue qualified health plans$0
The amount of reserves on hand$0
Did the organization receive any payments for indoor tanning services during the tax year?No
Has it filed a Form 720 to report these payments?No
Compensation of Officers, Directors, Trustees, Key Employees, Highest Compensated Employees, and Independent Contractors
2013
Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees
Total reportable compensation from the organization$1,111,197
Total reportable compensation from related organizations$0
Total estimated amount of other compensation from the organization and related organizations$149,807
Total number of individuals who received more than $100,000 of reportable compensation from the organization6
Total number of independent contractors who received more than $100,000 of compensation from the organization14
Statement of Revenue
20112013
Total revenue$37,268,295$38,434,069
Contributions, Gifts, Grants and Other Similar Amounts$3,767,146$5,011,726
Program Service Revenue$30,845,310$30,799,070
Colleges, Universities, and Professional Schools $25,089,100
Educational Support Services$5,344,087
Colleges, Universities, and Professional Schools $365,883
All other program service revenue$0
Other Revenue
Investment income (including dividends, interest, and other similar amounts)$1,845,781$1,727,396
Income from investment of tax-exempt bond proceeds$0$70,904
Royalties$0$0
Net rental income$48,782$35,095
Gross rents (Real / Personal)$190,870 / $0$307,725 / $0
Less: rental expenses (Real / Personal)$142,088 / $0$272,630 / $0
Rental income or (loss) (Real / Personal)$48,782 / $0$35,095 / $0
Net gain/loss from sales of assets other than inventory$495,065$704,899
Gross amount from sales of assets other than inventory (Securities / Other)$333,535 / $187,130$3,293,000 / $1,015,905
Less: cost or other basis and sales expenses (Securities / Other)$0 / $25,600$3,216,170 / $387,836
Gain or (loss) (Securities / Other)$333,535 / $161,530$76,830 / $628,069
Net income/loss from fundraising events$0$0
Net income/loss from gaming activities$0$0
Net income/loss from sales of inventory$0$0
Miscellaneous Revenue$266,211$84,979
900099$171,600
Fitness and Recreational Sports Centers $8,100
900099$-94,721
All other revenue$0
Statement of Functional Expenses
20112013
Total functional expenses$35,420,779$36,429,764
Grants and other assistance to domestic organizations and domestic governments$0
Grants and other assistance to domestic individuals$0
Grants and other assistance to foreign organizations, foreign governments, and foreign individuals$0
Benefits paid to or for members$0
Compensation of current officers, directors, trustees, and key employees$1,102,029$733,132
Compensation not included above, to disqualified persons$0
Other salaries and wages$15,646,029$16,628,373
Pension plan accruals and contributions$1,019,198
Other employee benefits$3,492,724
Payroll taxes$1,156,498$1,208,534
Fees for services (non-employees)
Management$0
Legal$29,225
Accounting$64,830
Lobbying$0
Professional fundraising services$18,812$0
Investment management fees$94,768
Other$6,041
Advertising and promotion$761,115
Office expenses$1,032,965
Information technology$845,128
Royalties$0
Occupancy$215,534
Travel$861,658
Payments of travel or entertainment expenses for any federal, state, or local public officials$0
Conferences, conventions, and meetings$0
Interest$586,746
Payments to affiliates$0
Depreciation, depletion, and amortization$1,795,824
Insurance$674,097
Other expenses$1,133,573
Other expenses$1,098,197
Other expenses$1,054,686
Other expenses$432,450
Other expenses$2,660,966
Balance Sheet
20112013
Total assets$100,548,850$105,647,505
Cash - non-interest-bearing$1
Savings and temporary cash investments$6,895,591
Pledges and grants receivable, net$1,454,201
Accounts receivable, net$1,439,393
Loans and other receivables from current and former officers, directors, trustees, key employees, and highest compensated employees$0
Loans and other receivables from other disqualified persons, persons described in section 4958(c)(3)(B), and contributing employers and sponsoring organizations of section 501(c)(9) voluntary employees' beneficiary organizations$0
Notes and loans receivable, net$1,943,195
Inventories for sale or use$0
Prepaid expenses and deferred charges$979,192
Land, buildings, and equipment: cost or other basis$32,402,843
Investments - publicly traded securities$45,782,818
Investments - other securities$5,880,337
Investments - program-related$0
Intangible assets$0
Other assets$8,869,934
Total liabilities$25,699,268$27,427,091
Accounts payable and accrued expenses$3,823,643
Grants payable$0
Deferred revenue$745,235
Tax-exempt bond liabilities$17,039,784$19,085,661
Escrow or custodial account liability$2,367,304
Loans and other payables to current and former officers, directors, trustees, key employees, highest compensated employees, and disqualified persons$0
Secured mortgages and notes payable to unrelated third parties$0$0
Unsecured notes and loans payable to unrelated third parties$0$0
Other liabilities (including federal income tax, payables to related third parties, and other liabilities)$1,405,248
Total net assets or fund balances$74,849,582$78,220,414
Unrestricted net assets$26,306,917
Temporarily restricted net assets$14,201,365
Permanently restricted net assets$37,712,132
Capital stock or trust principal, or current funds$0
Paid-in or capital surplus, or land, building, or equipment fund$0
Retained earnings, endowment, accumulated income, or other funds$0$0
Reason for Public Charity Status (for 2013)
The organization is not a private foundation because it is:A school described in section 170(b)(1)(A)(ii)
Number of organizations supported0
Sum of amounts of support$0
Revenue, Expenses, and Changes in Net Assets or Fund Balances
20002001200220032004200520062007
Total revenue$18,781,694$19,105,476$18,964,701$29,468,605$32,320,268$33,757,818$34,564,427$37,778,615
Contributions, gifts, grants, and similar amounts received$5,081,833$4,658,776$3,813,796$6,402,199$6,988,893$5,051,113$3,374,069$3,852,029
Contributions to donor advised funds$0$0
Direct public support$4,077,060$3,808,299$2,932,870$5,538,623$6,030,274$4,169,638$2,596,873$2,965,952
Indirect public support$0$0$0$0$0$0$0$0
Government contributions (grants)$1,004,773$850,477$880,926$863,576$958,619$881,475$777,196$886,077
Program service revenue including government fees and contracts$16,293,170$17,300,765$18,092,908$21,135,623$23,283,754$25,133,897$26,398,436$27,599,391
Membership dues and assessments$0$0$0$0$0$0$0$0
Interest on savings and temporary cash investments$235,092$139,647$77,826$56,510$167,206$291,331$373,306$265,977
Dividends and interest from securities$1,141,563$950,932$730,370$729,813$1,003,048$1,396,893$1,541,861$1,398,709
Net rental income or (loss)$44,723$100,556$28,796$62,173$57,325$7,393$39,839$30,674
Gross rents$116,103$155,591$170,579$199,279$138,685$185,327$302,934$172,853
Less: rental expenses$71,380$55,035$141,783$137,106$81,360$177,934$263,095$142,179
Other investment income$-4,082,031$-4,124,691$-3,824,648$1,009,949$720,276$1,838,370$2,743,851$4,373,973
Gain or (loss) from sales of assets other than inventory$0$0$-173,048$0$0$-35,518$7,134$-7,893
Gross amount from sales of assets other than inventory$0$0$219,769$0$0$5,000$7,134$16,000
Less: cost or other basis and sales expenses$0$0$392,817$0$0$40,518$0$23,893
Net income or (loss) from special events and activities$0$0$0$0$0$3,100$0$0
Gross revenue$0$0$0$0$0$3,100$0$0
Less: direct expenses other than fundraising expenses$0$0$0$0$0$0$0$0
Gross profit or (loss) from sales of inventory$0$0$0$0$0$0$0$0
Gross sales of inventory, less returns and allowances$0$0$0$0$0$0$0$0
Less: cost of goods sold$0$0$0$0$0$0$0$0
Other revenue$67,344$79,491$218,701$72,338$99,766$71,239$85,931$265,755
Total expenses$23,529,728$24,358,802$23,586,218$25,689,812$28,107,454$30,608,370$31,198,429$32,991,171
Program services$19,389,535$19,748,982$19,298,632$20,839,877$22,911,575$24,637,633$25,618,923$26,756,618
Management and general$3,084,412$3,271,344$3,052,221$3,487,074$3,814,555$4,457,836$3,963,966$4,699,316
Fundraising$1,055,781$1,338,476$1,235,365$1,362,861$1,381,324$1,512,901$1,615,540$1,535,237
Payments to affiliates$0$0$0$0$0$0$0$0
Net assets or fund balances at end of year$60,467,450$55,214,124$54,025,095$59,935,814$65,286,388$69,347,323$75,947,542$73,674,443
Excess or (deficit) for the year$-4,748,034$-5,253,326$-4,621,517$3,778,793$4,212,814$3,149,448$3,365,998$4,787,444
Net assets or fund balances at beginning of year$65,215,484$60,467,450$55,214,124$54,025,095$59,935,814$65,286,388$69,347,323$75,947,542
Other changes in net assets or fund balances$0$0$3,432,488$2,131,926$1,137,760$911,487$3,234,221$-7,060,543
Statement of Functional Expenses (for 2007)
TotalProgram servicesManagement and generalFundraising
Total functional expenses$32,991,171$26,756,618$4,699,316$1,535,237
Grants paid from donor advised funds$0
Other grants and allocations$0
Specific assistance to individuals$0
Benefits paid to or for members$0
Compensation of current officers, directors, key employees, etc.$1,125,311$419,403$705,908$0
Compensation of former officers, directors, key employees, etc.$0$0$0$0
Compensation and other distributions, not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)$0$0$0$0
Salaries and wages of employees not included above$14,339,361$12,477,843$1,094,054$767,464
Pension plan contributions not included above$796,914$675,363$72,372$49,179
Employee benefits not included above$2,082,547$1,346,572$625,293$110,682
Payroll taxes$1,082,459$916,019$113,157$53,283
Professional fundraising fees$0$0$0$0
Accounting fees$36,525$0$36,525$0
Legal fees$33,343$0$33,343$0
Supplies$543,785$470,783$49,126$23,876
Telephone$151,548$136,541$8,250$6,757
Postage and shipping$157,149$87,677$28,567$40,905
Occupancy$1,773,914$1,644,598$129,316$0
Equipment rental and maintenance$552,895$499,120$28,575$25,200
Printing and publications$624,574$104,305$338,770$181,499
Travel$588,781$490,122$48,377$50,282
Conferences, conventions, and meetings$0$0$0$0
Interest$943,823$911,733$32,090$0
Depreciation, depletion, etc.$1,844,866$1,747,039$97,827$0
Other expenses not covered above$6,313,376$4,829,500$1,257,766$226,110
Balance Sheets
20002001200220032004200520062007
Total assets$73,866,772$69,104,891$84,053,932$88,282,413$93,757,441$98,118,879$104,114,037$100,819,512
Cash - non-interest-bearing$4,358,015$3,283,121$3,662,656$0$0$0$0$0
Savings and temporary cash investments$2,556,317$2,584,358$4,870,882$7,682,797$6,800,846$7,428,843$6,289,361$8,175,074
Accounts receivable less allowance for doubtful accounts$794,237$1,203,016$803,039$843,783$987,320$897,830$1,380,970$1,001,067
Pledges receivable less allowance for doubtful accounts$1,801,725$1,416,242$543,160$2,779,972$3,766,158$3,903,538$3,623,106$1,992,628
Grants receivable$0$0$0$0$0$0$0$0
Receivables from current and former officers, directors, trustees, and key employees$0$0$0$0$0$0$0$0
Receivables from other disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)$0$0
Other notes and loans receivable less allowance for doubtful accounts$2,070,055$2,079,386$2,091,483$2,026,895$2,018,037$1,975,946$2,068,004$2,169,626
Inventories for sale or use$0$0$0$0$0$0$0$0
Prepaid expenses and deferred charges$160,384$321,269$89,703$188,526$347,343$326,171$475,806$581,191
Investments - publicly-traded securities$44,243,506$42,018,758
Investments - other securities$30,421,003$28,042,894$24,754,466$30,681,576$34,935,734$37,379,771$0$0
Investments - land, buildings, and equipment less accumulated depreciation$855,395$907,215$904,035$779,318$759,418$2,874,466$3,239,014$2,493,604
Investments - other$982,101$973,471$1,159,606$1,150,041$1,193,925$1,204,277$1,275,400$1,630,755
Land, buildings, and equipment less accumulated depreciation$22,486,836$22,330,528$32,557,939$33,477,536$34,599,753$33,274,941$32,067,988$31,688,524
Other assets, including program-related investments$7,380,704$5,963,391$12,616,963$8,671,969$8,348,907$8,853,096$9,450,882$9,068,285
Total liabilities$13,399,322$13,890,767$30,028,837$28,346,599$28,471,053$28,771,556$28,166,495$27,145,069
Accounts payable and accrued expenses$2,397,267$2,846,846$4,270,106$3,017,574$3,616,401$4,522,058$4,300,438$3,815,584
Grants payable$0$1,099,716$1,326,166$1,273,225$1,131,739$1,075,020$1,045,241$1,067,198
Deferred revenue$469,014$1,289,747$984,322$970,995$1,012,940$782,247$806,194$714,081
Loans from officers, directors, trustees, and key employees$0$0$0$0$0$0$0$0
Tax-exempt bond liabilities$5,665,000$5,080,000$20,292,102$19,924,312$19,551,522$19,168,733$18,775,943$18,363,153
Mortgages and other notes payable$456,218$421,214$46,315$28,746$20,332$92,801$45,125$0
Other liabilities$4,411,823$3,153,244$3,109,826$3,131,747$3,138,119$3,130,697$3,193,554$3,185,053
Total liabilities and net assets/fund balances$73,866,772$69,104,891$84,053,932$88,282,413$93,757,441$98,118,879$104,114,037$100,819,512
Total net assets or fund balances$60,467,450$55,214,124$54,025,095$59,935,814$65,286,388$69,347,323$75,947,542$73,674,443
Reconciliation of Revenue per Audited Financial Statements With Revenue per Return
20002001200220032004200520062007
Total revenue$18,781,694$19,105,476$18,964,701$29,468,605$32,320,268$33,757,818$34,564,427$37,778,615
Total revenue, gains, and other support per audited financial statements$18,788,382$19,113,515$22,533,747$31,616,876$33,476,552$34,683,067$37,792,557$30,690,260
Other expenses$17,877$17,500$3,576,065$2,155,326$1,161,510$930,987$3,234,221$-7,023,888
Net unrealized gains on investments$0$0$3,552,520$2,131,926$1,137,760$911,487$3,234,221$-6,646,330
Donated services and use of facilities$17,877$17,500$23,545$23,400$23,750$19,500$0$36,655
Recoveries of prior year grants$0$0$0$0$0$0$0$0
Other$0$0$0$0$0$0$0$-414,213
Other revenue$11,189$9,461$7,019$7,055$5,226$5,738$6,091$64,467
Investment expenses$0$0$0$0$0$0$6,091$5,153
Other$11,189$9,461$7,019$7,055$5,226$5,738$0$59,314
Reconciliation of Expenses per Audited Financial Statements With Expenses per Return
20002001200220032004200520062007
Total expenses$23,529,728$24,358,802$23,586,218$25,689,812$28,107,454$30,608,370$31,198,429$32,991,171
Total expenses and losses per audited financial statements$23,536,416$24,366,841$23,602,744$25,706,157$28,125,978$30,622,132$31,192,338$32,963,359
Other revenue$17,877$17,500$23,545$23,400$23,750$19,500$0$36,655
Donated services and use of facilities$17,877$17,500$23,545$23,400$23,750$19,500$0$36,655
Prior year adjustments$0$0$0$0$0$0$0$0
Losses$0$0$0$0$0$0$0$0
Other$0$0$0$0$0$0$0$0
Other expenses$11,189$9,461$7,019$7,055$5,226$5,738$6,091$64,467
Investment expenses$0$0$0$0$0$0$6,091$5,153
Other$11,189$9,461$7,019$7,055$5,226$5,738$0$59,314
Current Officers, Directors, Trustees, and Key Employees
Average hours per week devoted to positionCompensationContributions to employee benefit plans & deferred compensation plansExpense account and other allowances
40$155,803$70,061$679
40$120,682$49,777$20,545
40$122,305$35,595$19,930
40$97,756$40,595$0
40$104,825$18,849$0
40$88,081$22,450$0
40$55,873$30,600$0
40$43,191$21,365$0
5$2,400$0$0
5$2,535$0$0
5$1,414$0$0
Total number of officers, directors, and trustees permitted to vote on organization business at board meetings31
Are any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, related to each other through family or business relationships?No
Do any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, receive compensation from any other organizations, whether tax exempt or taxable, that are related to the organization?No
Does the organization have a written conflict of interest policy?Yes
Former Officers, Directors, Trustees, and Key Employees That Received Compensation or Other Benefits
Loans and AdvancesCompensationContributions to employee benefit plans & deferred compensation plansExpense account and other allowances
$0$342,976$5,048$3,788
Other Information
Did the organization have unrelated business gross income of $1,000 or more during the year covered by this return, and has it filed a tax return on Form 990-T for this year?No
Was there a liquidation, dissolution, termination, or substantial contraction during the year?No
Is the organization related (other than by association with a statewide or nationwide organization) through common membership, governing bodies, trustees, officers, etc., to any other exempt or nonexempt organization?No
Direct and indirect political expenditures$0
Did the organization file Form 1120-POL for this year?No
Were substantially all dues nondeductible by members?
Did the organization make only in-house lobbying expenditures of $2,000 or less?
Dues, assessments, and similar amounts from members$0
Section 162(e) lobbying and political expenditures$0
Aggregate nondeductible amount of section 6033(e)(1)(A) dues notices$0
Taxable amount of lobbying and political expenditures$0
Does the organization elect to pay the section 6033(e) tax on the amount above?
If section 6033(e)(1)(A) dues notices were sent, does the organization agree to add the amount above to its reasonable estimate of dues allocable to nondeductible lobbying and political expenditures for the following tax year?
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities$0
At any time during the year, did the organization, directly or indirectly, own a controlled entity within the meaning of section 512(b)(13)?No
Amount of tax imposed on the organization during the year under: section 4911$0
Amount of tax imposed on the organization during the year under: section 4912$0
Amount of tax imposed on the organization during the year under: section 4955$0
Did the organization engage in any section 4958 excess benefit transaction during the year or did it become aware of an excess benefit transaction from a prior year?No
Amount of tax imposed on the organization managers or disqualified persons during the year under sections 4912, 4955, and 4958$0
Amount of tax above, reimbursed by the organization$0
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?No
Did the organization acquire a direct or indirect interest in any applicable insurance contract?No
Did the supporting organization, or a fund maintained by a sponsoring organization, have excess business holdings at any time during the year?No
Number of employees employed in the pay period that includes March 12, 2006418
Analysis of Income-Producing Activities (for 2007)
Unrelated business incomeExcluded by section 512, 513, or 514Related or exempt function income
Business codeAmountExclusion codeAmount
Total$-1,814$6,063,254$27,865,146
Program service revenue
Program service revenue 1000000$000$0$22,385,327
Program service revenue 2000000$000$0$4,799,245
Program service revenue 3000000$000$0$414,819
Program service revenue 4000000$000$0$0
Program service revenue 5000000$000$0$0
Medicare/Medicaid payments000000$000$0$0
Fees and contracts from government agencies000000$000$0$0
Membership dues and assessments000000$000$0$0
Interest on savings and temporary cash investments000000$0Dividends, interest, payments with respect to securities loans, annuities, income from notional principal contracts, loan commitment fees, and other substantially similar income from ordinary and routine investments excluded by section 512(b)(1)$265,977$0
Dividends and interest from securities000000$0Dividends, interest, payments with respect to securities loans, annuities, income from notional principal contracts, loan commitment fees, and other substantially similar income from ordinary and routine investments excluded by section 512(b)(1)$1,398,709$0
Net rental income or (loss) from real estate
debt-financed propertyUnrelated debt-financed activities other than rental of real estate$-1,81400$0$0
not debt-financed property000000$0Real property rental income that does not depend on the income or profits derived by the person leasing the property and is excluded by section 512(b)(3)$32,488$0
Net rental income or (loss) from personal property000000$000$0$0
Other investment income000000$0Dividends, interest, payments with respect to securities loans, annuities, income from notional principal contracts, loan commitment fees, and other substantially similar income from ordinary and routine investments excluded by section 512(b)(1)$4,373,973$0
Gain or (loss) from sales of assets other than inventory000000$0Income from an activity that is not regularly carried on (section 512(a)(1))$-7,893$0
Net income or (loss) from special events000000$000$0$0
Gross profit or (loss) from sales of inventory000000$000$0$0
Other revenue000000$000$0$265,755
Information Regarding Taxable Subsidiaries and Disregarded Entities (for 2007)
EIN of corporation, partnership, or disregarded entityPercentage of ownership interestTotal incomeEnd-of-year assets
0000000000%$0$0
0000000000%$0$0
0000000000%$0$0
0000000000%$0$0
Compensation of the Five Highest Paid Employees Other Than Officers, Directors, and Trustees (for 2007)
CompensationContributions to employee benefit plans & deferred compensationExpense account and other allowances
$129,443$17,787$0
$125,142$18,003$0
$60,641$13,725$39,860
$61,769$17,877$27,430
$53,410$9,389$39,860
Total number of other employees paid over $50,000105
Statements About Activities (for 2007)
Expenses paid or incurred in connection with the lobbying activities$0
Did the organization receive or hold an easement for conservation purposes, including easements to preserve open space, the environment, historic land areas or historic structures?No
Did the organization provide credit counseling, debt management, credit repair, or debt negotiation services?No
Did the organization maintain any donor advised funds?No
Did the organization make any taxable distributions under section 4966?No
Did the organization make a distribution to a donor, donor advisor, or related person?No
The total number of donor advised funds owned at the end of the tax year$0
The aggregate value of assets held in all donor advised funds owned at the end of the tax year$0
The total number of separate funds or accounts owned at the end of the tax year (excluding donor advised funds included above) where donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts$0
The aggregate value of assets held in all funds or accounts included above at the end of the tax year$0
Reason for Non-Private Foundation Status
The organization is not a private foundation because it isSchool
Support Schedule
19992000200120022003200420052006
Total$0$0$0$0$0$0$0$0
Gifts, grants, and contributions received$0$0$0$0$0$0$0$0
Membership fees received$0$0$0$0$0$0$0$0
Gross receipts from admissions, merchandise sold or services performed, or furnishing of facilities in any activity that is related to the organization's charitable, etc., purpose$0$0$0$0$0$0$0$0
Gross income from interest, dividends, amounts received from payments on securities loans (section 512(a)(5)), rents, royalties, and unrelated business taxable income (less section 511 taxes) from businesses acquired by the organization after June 30, 1975$0$0$0$0$0$0$0$0
Net income from unrelated business activities not included above$0$0$0$0$0$0$0$0
Tax revenues levied for the organization's benefit and either paid to it or expended on its behalf$0$0$0$0$0$0$0$0
The value of services or facilities furnished to the organization by a governmental unit without charge. Do not include the value of services or facilities generally furnished to the public without charge$0$0$0$0$0$0$0$0
Other income$0$0$0$0$0$0$0$0
Lobbying Expenditures by Electing Public Charities (for 2007)
Total exempt purpose expenditures$0
Total lobbying expenditures$0
Total lobbying expenditures to influence public opinion (grassroots lobbying)$0
Total lobbying expenditures to influence a legislative body (direct lobbying)$0
Other exempt purpose expenditures$0
Lobbying nontaxable amount$0
Grassroots nontaxable amount$0
Unrelated Trade or Business Income (for 2008)
IncomeExpensesNet
Total$963$13,271$-364
Gross receipts or sales less returns and allowances$0$0$0
Cost of goods sold$0$0$0
Gross profit$0$0$0
Capital gain net income$0$0$0
Net gain$0$0$0
Capital loss deduction for trusts$0$0$0
Income (loss) from partnerships and S corporations$0$0$0
Rent income$0$0$0
Unrelated debt-financed income$9,631$1,327$-364
Interest, annuities, royalties, and rents from controlled organizations$0$0$0
Investment income of a section 501(c)(7), (9), or (17) organization$0$0$0
Exploited exempt activity income$0$0$0
Advertising income$0$0$0
Other income$0$0$0
Deductions Not Taken Elsewhere (for 2008)
Total deductions$0
Compensation of officers, directors, and trustees$0
Salaries and wages$0
Repairs and maintenance$0
Bad debts$0
Interest$0
Taxes and licenses$0
Charitable contributions$0
Depreciation$0
Depletion$0
Contributions to deferred compensation plans$0
Employee benefit programs$0
Excess exempt expenses$0
Excess readership costs$0
Other deductions$0
Unrelated business taxable income$-364
Unrelated business taxable income before net operating loss deduction$-364
Net operating loss deduction$0
Unrelated business taxable income before specific deduction$-364
Specific deduction$0
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Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1Franklin W Olin College Of Engineering IncOlin Way Mh314, Needham, MA 02492MA1998-09$1,397,497,296
2Swarthmore College500 College Ave, Swarthmore, PA 19081-1306PA1950-03$1,340,708,741
3Wellesley College106 Central Street, Wellesley, MA 02481-8203MA1946-04$761,881,340
4Trustees Of Grinnell College733 Broad St, Grinnell, IA 50112-2227IA1953-01$748,764,166
5Pomona College150 E Eighth St Pendleton Bldg 108, Claremont, CA 91711CA1954-12$724,971,580
6Amherst College TrusteesPO BOX 5000, Amherst, MA 01002-5000MA1933-08$694,033,920
7Vassar College124 Raymond Ave, Poughkeepsie, NY 12604-0001NY1938-04$609,836,912
8Bowdoin College3530 College Sta, Brunswick, ME 04011-8426ME1935-06$577,125,000
9Washington & Lee University, Society Of Professional Journalists Spj Campus Chapter204 West Washington Street, Lexington, VA 24450VA1923-05$528,999,583
10Doane College1014 Boswell Avenue, Crete, NE 68333-2426NE1931-02$70,718,837
11Hastings College710 N Turner Ave, Hastings, NE 68901-7621NE1952-08$50,264,844
12Nebraska Wesleyan University5000 Saint Paul Avenue, Lincoln, NE 68504NE1942-05$46,883,917
13Midland University900 N Clarkson St, Fremont, NE 68025-4254NE1963-08$40,417,775
14Union College3800 South 48th Street, Lincoln, NE 68506-4345NE1947-04$30,138,173
15Talladega College627 Battle St W, Talladega, AL 35160-2354AL1945-05$18,799,314
16York CollegeLocal, York, NE 68467NE1922-04$12,832,261
17Breakthrough Bible Institute College Inc4305 St Barnabas Rd 402 4305 St Barnabas Rd, Temple Hill, MD 20748MD2007-03$408,000
18Campbell Bible CollegePO BOX 12567, Charleston, SC 29422-2567SC2007-07$8,700
19Martin College11469 Olive Blvd Pmb 116, St Louis, MO 63141-7108MO1999-05$0
20Williams Baptist College60 W Fulbright Ave, Walnut Ridge, AR 72476-9000AR2002-06$0
Number of organizations performing similar types of work
Alabama8
Arkansas8
California16
Connecticut5
District of Columbia2
Florida11
Georgia13
Iowa15
Idaho2
Illinois21
Indiana16
Kansas8
Kentucky10
Louisiana2
Massachusetts28
Maryland7
Maine6
Michigan14
Minnesota9
Missouri11
Mississippi5
Montana2
North Carolina18
North Dakota2
Nebraska6
New Hampshire7
New Jersey8
New Mexico4
Nevada1
New York33
Ohio26
Oklahoma3
Oregon3
Pennsylvania36
Rhode Island1
South Carolina10
South Dakota4
Tennessee12
Texas9
Virginia12
Vermont5
Washington2
Wisconsin11
West Virginia6
International2
Total440

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