Wheaton College

The information in this column was provided to MinistryWatch by the ministry itself. It was last updated 2/10/2021. To update the information in this column, please email: info@ministrywatch.com


Summary

Wheaton College is an explicitly Christian, academically rigorous, fully residential liberal arts college and graduate school located in the Chicago area.


Contact information

Mailing address:
Wheaton College
501 College Avenue
Wheaton, IL 60187

Website: wheaton.edu

Phone: 630-752-5000

Email:


Organization details

EIN: 362182171

CEO/President: Dennis Hanno

Chairman: James Goetz

Board size: 18

Founder: Jonathan Blanchard

Year founded: 1976

Tax deductible: Yes

Fiscal year end: 06/30

Member of ECFA: Yes

Member of ECFA since: 1980


Purpose

Established in 1860 in Wheaton, Illinois, Wheaton is guided by its original mission to provide excellence in Christian higher education.


Mission statement

Wheaton College serves Jesus Christ and advances His Kingdom through excellence in liberal arts and graduate programs that educate the whole person to build the church and benefit society worldwide. This mission expresses our commitment to do all things - "For Christ and His Kingdom."


Statement of faith

WE BELIEVE in one sovereign God, eternally existing in three persons: the everlasting Father, His only begotten Son, Jesus Christ our Lord, and the Holy Spirit, the giver of life; and we believe that God created the Heavens and the earth out of nothing by His spoken word, and for His own glory. WE BELIEVE that God has revealed Himself and His truth in the created order, in the Scriptures, and supremely in Jesus Christ; and that the Scriptures of the Old and New Testaments are verbally inspired by God and inerrant in the original writing, so that they are fully trustworthy and of supreme and final authority in all they say. WE BELIEVE that Jesus Christ was conceived by the Holy Spirit, born of the Virgin Mary, was true God and true man, existing in one person and without sin; and we believe in the resurrection of the crucified body of our Lord, in His ascension into heaven, and in His present life there for us as Lord of all, High Priest, and Advocate. WE BELIEVE that God directly created Adam and Eve, the historical parents of the entire human race; and that they were created in His own image, distinct from all other living creatures, and in a state of original righteousness. WE BELIEVE that our first parents sinned by rebelling against God's revealed will and thereby incurred both physical and spiritual death, and that as a result all human beings are born with a sinful nature that leads them to sin in thought, word, and deed. WE BELIEVE in the existence of Satan, sin, and evil powers, and that all these have been defeated by God in the cross of Christ. WE BELIEVE that the Lord Jesus Christ died for our sins, according to the Scriptures, as a representative and substitutionary sacrifice, triumphing over all evil; and that all who believe in Him are justified by His shed blood and forgiven of all their sins. WE BELIEVE that all who receive the Lord Jesus Christ by faith are born again of the Holy Spirit and thereby become children of God and are enabled to offer spiritual worship acceptable to God. WE BELIEVE that the Holy Spirit indwells and gives life to believers, enables them to understand the Scriptures, empowers them for godly living, and equips them for service and witness. WE BELIEVE that the one, holy, universal Church is the body of Christ and is composed of the communities of Christ's people. The task of Christ's people in this world is to be God's redeemed community, embodying His love by worshipping God with confession, prayer, and praise; by proclaiming the gospel of God's redemptive love through our Lord Jesus Christ to the ends of the earth by word and deed; by caring for all of God's creation and actively seeking the good of everyone, especially the poor and needy. WE BELIEVE in the blessed hope that Jesus Christ will soon return to this earth, personally, visibly, and unexpectedly, in power and great glory, to gather His elect, to raise the dead, to judge the nations, and to bring His Kingdom to fulfillment. WE BELIEVE in the bodily resurrection of the just and unjust, the everlasting punishment of the lost, and the everlasting blessedness of the saved.

Transparency grade

A

To understand our transparency grade, click here.


Financial efficiency ratings

Sector: Colleges/Universities

CategoryRatingOverall rankSector rank
Overall efficiency rating580 of 94078 of 112
Fund acquisition rating522 of 94261 of 112
Resource allocation rating424 of 94251 of 112
Asset utilization rating629 of 94083 of 112

Financial ratios

Funding ratiosSector median20202019201820172016
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
15%15%10%12%17%13%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
2%2%2%2%3%2%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
13%15%19%19%16%17%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
2%2%2%3%3%3%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
87%85%81%81%84%83%
 
Operating ratiosSector median20202019201820172016
Program expense ratio Program expense ratio =
Program services /
Total expenses
84%86%85%84%84%85%
Spending ratio Spending ratio =
Total expenses /
Total revenue
97%92%75%82%88%87%
Program output ratio Program output ratio =
Program services /
Total revenue
81%79%64%69%74%74%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
3%8%25%18%12%13%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
2%2%7%5%3%4%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
13%12%12%13%13%13%
 
Investing ratiosSector median20202019201820172016
Total asset turnover Total asset turnover =
Total expenses /
Total assets
0.500.170.170.170.180.19
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
2.741.471.441.451.471.50
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
1.640.250.250.250.260.28
 
Liquidity ratiosSector median20202019201820172016
Current ratio Current ratio =
Total current assets /
Total current liabilities
6.0736.1737.5236.3629.3533.82
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.160.030.030.030.030.03
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
5.8645.8547.2046.9744.1741.27
 
Solvency ratiosSector median20202019201820172016
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
27%18%18%19%20%21%
Debt ratio Debt ratio =
Debt /
Total assets
16%5%5%5%5%5%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
140%470%478%473%445%419%

Financials

Balance sheet
 
Assets20202019201820172016
Cash$28,334,205$49,309,014$36,200,083$33,450,224$32,081,151
Receivables, inventories, prepaids$9,897,737$11,113,970$12,900,643$11,016,828$10,341,213
Short-term investments$598,498,652$587,391,641$575,191,362$538,907,458$479,396,082
Other current assets$0$0$0$0$0
Total current assets$636,730,594$647,814,625$624,292,088$583,374,510$521,818,446
Long-term investments$47,857,458$54,977,084$54,780,694$53,579,741$56,957,842
Fixed assets$235,825,244$212,479,103$210,556,504$203,980,027$190,515,222
Other long-term assets$12,788,764$15,575,684$13,783,155$13,836,187$13,977,806
Total long-term assets$296,471,466$283,031,871$279,120,353$271,395,955$261,450,870
Total assets$933,202,060$930,846,496$903,412,441$854,770,465$783,269,316
 
Liabilities20202019201820172016
Payables and accrued expenses$14,840,306$12,213,810$12,604,860$15,824,294$11,289,851
Other current liabilities$2,764,545$5,053,425$4,564,045$4,053,314$4,140,720
Total current liabilities$17,604,851$17,267,235$17,168,905$19,877,608$15,430,571
Debt$42,000,000$41,972,457$41,917,371$41,862,285$42,000,000
Due to (from) affiliates$0$0$0$0$0
Other long-term liabilities$112,151,135$105,527,302$111,375,782$111,655,299$108,573,860
Total long-term liabilities$154,151,135$147,499,759$153,293,153$153,517,584$150,573,860
Total liabilities$171,755,986$164,766,994$170,462,058$173,395,192$166,004,431
 
Net assets20202019201820172016
Without donor restrictions$312,327,102$312,596,670$309,009,923$274,561,089$258,307,221
With donor restrictions$449,118,972$453,482,832$423,940,460$406,814,184$358,957,664
Net assets$761,446,074$766,079,502$732,950,383$681,375,273$617,264,885
 
Revenues and expenses
 
Revenue20202019201820172016
Total contributions$26,098,804$41,339,476$35,492,859$27,339,674$29,042,040
Program service revenue$122,486,167$123,373,317$119,979,390$118,638,132$115,131,125
Membership dues$0$0$0$0$0
Investment income$27,474,285$47,046,603$33,144,943$25,824,092$23,358,253
Other revenue$794,416$1,134,946$1,480,558$1,557,556$1,610,804
Total other revenue$150,754,868$171,554,866$154,604,891$146,019,780$140,100,182
Total revenue$176,853,672$212,894,342$190,097,750$173,359,454$169,142,222
 
Expenses20202019201820172016
Program services$139,243,021$136,964,933$130,565,356$127,984,735$124,839,192
Management and general$18,814,910$19,358,870$20,270,728$20,375,375$18,484,969
Fundraising$3,973,236$3,988,851$4,282,848$4,738,628$3,902,147
Total expenses$162,031,167$160,312,654$155,118,932$153,098,738$147,226,308
 
Change in net assets20202019201820172016
Surplus (deficit)$14,822,505$52,581,688$34,978,818$20,260,716$21,915,914
Other changes in net assets$0$0$0$0$0
Total change in net assets$14,822,505$52,581,688$34,978,818$20,260,716$21,915,914

Compensation

NameTitleCompensation
Philip G RykenPresident/Trustee$551,292
Stanton JonesFormer Provost; Former Professor$501,897
Dale A KempFormer VP for Finance, Operations and Treasurer$424,712
Margaret DiddamsProvost Until June 2020$302,837
Kirk D FarneyVP for Advancement & Alumni Relations$289,616
Kenneth LarsonInvestment Manager$279,652
Paul ChelsenVice President - Student Development$260,506
Edward StetzerDean & Exec Dir WCBGC$256,431
J THomas McCullyAssociate Investment Manager/ Senior Trust Officer$223,988
Silvio VazquezChief Enrollment Management Officer$215,147
Wendy WoodwardCICSO$204,157
Scott OkessonDirector of Facilities$197,867
David TeuneDIRECTOR OF GIFT PLANNING SERVICES$186,351
Jamie AtenProfessor/Exec Director of HDI$177,201
David IglesiasDirector of the Center for Faith, Politics, and Economics$174,979
Sheila CaldwellChief Intercultural Engagement Officer$162,843
J Chadwick RynbrandtVP for Finance , Operations & Treasurer$133,148

Compensation data as of: 6/30/2020


Response from ministry

No response has been provided by this ministry.


The information below was provided to MinistryWatch by the ministry itself. It was last updated 2/10/2021. To update the information below, please email: info@ministrywatch.com


History

From the Abolitionist movement to the revivals of Billy Graham, Wheaton has experienced more than 150 years of dynamic engagement in academics and culture. Wheaton's history is marked by stories of great faith and learning, and of the students who took their Wheaton education to influence the world For Christ and His Kingdom.


Program accomplishments


Needs