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 rating273 of 81745 of 100
Fund acquisition rating99 of 81714 of 100
Resource allocation rating376 of 81749 of 100
Asset utilization rating526 of 81778 of 100

Financial ratios

Funding ratiosSector median20192018201720162015
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
19%10%12%17%13%14%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
2%2%2%3%2%2%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
10%19%19%16%17%16%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
2%2%3%3%3%3%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
90%81%81%84%83%84%
 
Operating ratiosSector median20192018201720162015
Program expense ratio Program expense ratio =
Program services /
Total expenses
85%85%84%84%85%84%
Spending ratio Spending ratio =
Total expenses /
Total revenue
97%75%82%88%87%79%
Program output ratio Program output ratio =
Program services /
Total revenue
82%64%69%74%74%67%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
3%25%18%12%13%21%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
2%7%5%3%4%6%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
13%12%13%13%13%13%
 
Investing ratiosSector median20192018201720162015
Total asset turnover Total asset turnover =
Total expenses /
Total assets
0.520.170.170.180.190.18
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
2.881.441.451.471.501.33
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
1.690.250.250.260.280.24
 
Liquidity ratiosSector median20192018201720162015
Current ratio Current ratio =
Total current assets /
Total current liabilities
5.8637.5236.3629.3533.8247.99
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.170.030.030.030.030.02
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
5.8047.2046.9744.1741.2749.85
 
Solvency ratiosSector median20192018201720162015
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
27%18%19%20%21%21%
Debt ratio Debt ratio =
Debt /
Total assets
17%5%5%5%5%5%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
142%478%473%445%419%447%

Financials

Balance sheet
 
Assets20192018201720162015
Cash$49,309,014$36,200,083$33,450,224$32,081,151$32,281,417
Receivables, inventories, prepaids$11,113,970$12,900,643$11,016,828$10,341,213$9,351,304
Short-term investments$587,391,641$575,191,362$538,907,458$479,396,082$562,962,122
Other current assets$0$0$0$0$0
Total current assets$647,814,625$624,292,088$583,374,510$521,818,446$604,594,843
Long-term investments$54,977,084$54,780,694$53,579,741$56,957,842$2,872,144
Fixed assets$212,479,103$210,556,504$203,980,027$190,515,222$185,944,333
Other long-term assets$15,575,684$13,783,155$13,836,187$13,977,806$10,311,570
Total long-term assets$283,031,871$279,120,353$271,395,955$261,450,870$199,128,047
Total assets$930,846,496$903,412,441$854,770,465$783,269,316$803,722,890
 
Liabilities20192018201720162015
Payables and accrued expenses$12,213,810$12,604,860$15,824,294$11,289,851$8,251,133
Other current liabilities$5,053,425$4,564,045$4,053,314$4,140,720$4,346,742
Total current liabilities$17,267,235$17,168,905$19,877,608$15,430,571$12,597,875
Debt$41,972,457$41,917,371$41,862,285$42,000,000$42,000,000
Due to (from) affiliates$0$0$0$0$0
Other long-term liabilities$105,527,302$111,375,782$111,655,299$108,573,860$112,447,947
Total long-term liabilities$147,499,759$153,293,153$153,517,584$150,573,860$154,447,947
Total liabilities$164,766,994$170,462,058$173,395,192$166,004,431$167,045,822
 
Net assets20192018201720162015
Unrestricted$312,596,670$309,009,923$274,561,089$258,307,221$266,637,989
Temporarily restricted$264,522,805$247,234,403$240,292,896$199,197,398$214,916,627
Permanently restricted$188,960,027$176,706,057$166,521,288$159,760,266$155,122,452
Net assets$766,079,502$732,950,383$681,375,273$617,264,885$636,677,068
 
Revenues and expenses
 
Revenue20192018201720162015
Total contributions$41,339,476$35,492,859$27,339,674$29,042,040$28,161,935
Program service revenue$123,373,317$119,979,390$118,638,132$115,131,125$112,805,859
Membership dues$0$0$0$0$0
Investment income$47,046,603$33,144,943$25,824,092$23,358,253$37,031,303
Other revenue$1,134,946$1,480,558$1,557,556$1,610,804$1,538,727
Total other revenue$171,554,866$154,604,891$146,019,780$140,100,182$151,375,889
Total revenue$212,894,342$190,097,750$173,359,454$169,142,222$179,537,824
 
Expenses20192018201720162015
Program services$136,964,933$130,565,356$127,984,735$124,839,192$119,440,807
Management and general$19,358,870$20,270,728$20,375,375$18,484,969$19,188,520
Fundraising$3,988,851$4,282,848$4,738,628$3,902,147$3,869,848
Total expenses$160,312,654$155,118,932$153,098,738$147,226,308$142,499,175
 
Change in net assets20192018201720162015
Surplus (deficit)$52,581,688$34,978,818$20,260,716$21,915,914$37,038,649
Other changes in net assets$0$0$0$0$0
Total change in net assets$52,581,688$34,978,818$20,260,716$21,915,914$37,038,649

Compensation

NameTitleCompensation
Philip G RykenPresident/Trustee$539,180
Dale KempVP for Finance, Operations & Treasurer until 7/31/18$406,335
Kirk D FarneyVP for Advancement & Alumni Relations$294,024
Margaret DiddamsProvost$271,820
Kenneth LarsonInvestment Manager & Interim VP Finance & Operations & Treasurer$265,852
Paul ChelsenVice President - Student Development$243,455
Edward StetzerExecutive Director$225,410
Karen TuckerDirector of Human Resources$221,356
Silvio VazquezChief Enrollment Management Officer$207,593
Wendy WoodwardChief Information Officer$193,274
David IglesiasDirector of the Center for Faith, Politics, and Economics$183,314
David TeuneDIRECTOR OF GIFT PLANNING SERVICES$182,166
Dorothy ChappellDean , Natural & Social Sciences$166,103
Sheila CaldwellChief Intercultural Engagement Officer$90,202

Compensation data as of: 6/30/2019


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