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Wesleyan University

Middletown, CT · EIN 06-0646959 · 501(c)(3) · School
Latest filing: Form 990 for the fiscal year ending June 30, 2025 (tax year 2024) · View the filing · Correct or respond

Wesleyan University reported $443.2 million in revenue and $403.5 million in expenses for the fiscal year ending June 30, 2025. Of every $100 it spent, $87.04 went to program services, $9.85 to management and general costs and $3.11 to fundraising. Its largest source of revenue was program service revenue such as fees, sales and contracts: 66.9% of the total. The highest compensation it reported for one person was $1,375,606 (CHIEF INVESTMENT OFFICER). 407 people received more than $100,000 in reportable compensation. Revenue rose 36% between FY2020 and FY2025. Source: Form 990, FY2025.

Where $100 of spending went

The fiscal year ending June 30, 2025 · Form 990, Part IX, line 25 · total expenses $403M

For context, the median across 5,499 covered education charities: $85.56 programs, $13.59 management, $0.85 fundraising (medians computed separately, so they may not sum to $100).

Where $100 of revenue came from

The fiscal year ending June 30, 2025 · Form 990, Part VIII · total revenue $443M

The 990 scorecard · same measures for every charity, no grades

FY2025 filing. Median across 5,499 covered charities in this category, from their latest filings.
MeasureFY2025Median
Program services
Part IX 25(B) ÷ 25(A)
87.0%84.4%
Management & general
Part IX 25(C) ÷ 25(A)
9.8%13.4%
Fundraising
Part IX 25(D) ÷ 25(A)
3.1%0.8%
Fundraising cost per $1 of contributions
Part IX 25(D) ÷ Part VIII 1h
$0.22$0.04
Contributions & grants share of revenue
Part VIII 1h ÷ 12
12.8%19.1%
Government grants share of revenue
Part VIII 1e ÷ 12
1.9%1.1%
Program service revenue share
Part VIII 2g ÷ 12
66.9%69.9%
Highest reported compensation
Part VII-A, columns D–F
$1,375,606$331,578
Highest compensation as share of expenses
Part VII-A ÷ Part IX 25(A)
0.34%1.28%
People paid over $100,000
Part VII, line 2
4078
Net assets, in months of expenses
Part X 33(B) ÷ monthly expenses
59.213.3
Independent voting board members
Part VI 1a–1b
39 of 40100.0%

A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.

What the money paid for, in its own words

FY2025 · Form 990, Part III · the three largest programs by expense
$258M expenses · 73.5% of program spending · grants $99M · revenue $231M

Instruction and researchwesleyan university offers more than 900 courses in 47 major fields of study, 32 minor fields of study, and 2 certificate programs, and awards the bachelor of arts, a master of arts and a doctor of philosophy. This rich catalog reflects wesleyan's commitment to a well-rounded education, allowing students to explore everything from the arts and humanities to sciences and social studies. Instruction and research includes all expenditures for compensation and other expenses in support of instructional activity. The student body is made up of approximately 3,000 full-time…

$67M expenses · 19.0% of program spending · revenue $65M

Auxiliary services and otherauxiliary services include the costs of room and board for approximately 3,000 students residing on a 316 acre campus. There are 8 residence halls, 7 apartment complexes and over 25 program houses in addition to over 140 house units on campus for upper-class students. Working in partnership with students and collaboratively with other members of the wesleyan community, the office of residential life strives to provide a safe and supportive residential environment that complements and extends students' educational experience. Student-centered programs and services…

$14M expenses · 4.0% of program spending

Librarieslibrary expenses include acquisition of books, periodicals and other materials, compensation of staff, and other expenditures in support of the library. The mission of the library is to provide the information services and resources required to support the learning, teaching, and research of the wesleyan community.to carry out this mission the library will: - organize and provide intellectual and physical access to collections and information resources locally and world-wide- develop and preserve local collections - teach and guide users in the library research process - provide an…

$12M all other programs (line 4d)

Highest reported compensation

FY2025 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here
RoleFrom this orgFrom related orgsOtherTotal
CHIEF INVESTMENT OFFICER
Key employee, 38.00 hrs/week
$1,270,452$0$105,154$1,375,606
PRESIDENT AND TRUSTEE
Director/trustee, officer, 38.00 hrs/week
$887,679$0$486,774$1,374,453
DIRECTOR OF INVESTMENTS
Highest compensated employee, 38.00 hrs/week
$609,745$0$106,048$715,793
DIRECTOR INVESTMENT OFFICE
Highest compensated employee, 38.00 hrs/week
$504,776$0$85,042$589,818
SVP, CHIEF ADMIN OFF. & TR
Officer, 38.00 hrs/week
$371,228$0$91,062$462,290
VP FOR ADVANCEMENT
Key employee, 38.00 hrs/week
$358,283$0$72,912$431,195
GENERAL COUNSEL/SECRETARY
Officer, 38.00 hrs/week
$325,482$0$81,912$407,394
PROVOST, SR VP ACADEMIC AF
Key employee, 38.00 hrs/week
$318,180$0$84,615$402,795

407 people received more than $100,000 in reportable compensation from Wesleyan University (Part VII, line 2). Compensation of current officers, directors and key employees totaled $6.0M (Part IX, line 5).

6 years of filings

Form 990, Parts I, VII, IX and X · each row is that year's own filing, linked
RevenueExpenses
$0$200M$400M$600M$800MFY2020FY2021FY2022FY2023FY2024FY2025$443M$403M
FilingRevenueExpensesProgramsNet assetsTop pay
FY2025 ⓘ$443M$403M87.0%$1.99B$1,375,606
FY2024 ⓘ$449M$374M85.9%$1.90B$2,632,853
FY2023 ⓘ$289M$352M85.1%$1.83B$1,376,104
FY2022 ⓘ$301M$335M86.2%$1.81B$1,246,334
FY2021 ⓘ$330M$294M86.5%$1.88B$1,114,933
FY2020 (amended) ⓘ$327M$291M87.7%$1.27B$1,190,387

Governance answers, as filed

FY2025 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means
  • Voting board members, and how many are independent Part VI, lines 1a–1b40 · 39 independent
  • Audited financial statements Part XII 2bYes
  • Conflict-of-interest policy Part VI 12aYes
  • Whistleblower policy Part VI 13Yes
  • Document retention policy Part VI 14Yes
  • Independent process for top executive pay Part VI 15aYes
  • Board given the 990 before filing Part VI 11aYes
  • Family or business ties among insiders Part VI 2No
  • Aware of a significant diversion of assets Part VI 5No
  • Excess benefit transaction with an insider Part IV 25aNo
  • Loans to or from insiders outstanding Part IV 26No
  • Lobbying, or a 501(h) election in effect Part IV 4Yes
  • Over $15,000 of professional fundraising services Part IV 18No
  • Over $10,000 of activity outside the U.S. Part IV 14bYes
  • Employees Part I, line 53,631
  • Volunteers Part I, line 6967

Largest outside contractors

FY2025 · Form 990, Part VII, Section B · businesses only
FIP CONSTRUCTION INC
Construction services
$31,000,129
COMPASS GROUP USA INC
Dining services
$7,677,242
SMG CORPORATE SERVICES
Custodial services
$1,754,141
AZ CORPORATION
Construction services
$1,443,949
CLARK COMPANIES
Construction services
$1,194,832

Individuals listed as contractors are left out. 41 contractors were paid more than $100,000 in all.

Private foundation grants it received

126 private foundations reported grants to Wesleyan University totaling $11M on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.

Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.

Correct a figure or respond

Every number above is copied from Wesleyan University's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Wesleyan University, you can publish a response that is linked from this page.

Similar-sized charities in this cause

All education charities · Largest charities in Connecticut

Questions people ask

How much of Wesleyan University's spending goes to programs?

In the fiscal year ending June 30, 2025, Wesleyan University reported that 87.0% of its $403.5 million in expenses went to program services, 9.8% to management and general and 3.1% to fundraising (Form 990, Part IX).

How much does Wesleyan University pay its top executive?

The largest total compensation Wesleyan University reported for one person in the fiscal year ending June 30, 2025 was $1,375,606, for the role of CHIEF INVESTMENT OFFICER (Form 990, Part VII, including compensation from related organizations and other compensation).

Where does Wesleyan University get its money?

Of $443.2 million in revenue in the fiscal year ending June 30, 2025, 12.8% came from contributions and grants (including 1.9% from government grants) and 66.9% from program service revenue (Form 990, Part VIII).

Is Wesleyan University a registered charity?

The IRS lists EIN 06-0646959 as a 501(c)(3) organization (school), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.

Sources

  • FY2025: Form 990 for the fiscal year ending June 30, 2025, object 202641339349307904 · read the filing
  • FY2024: Form 990 for the fiscal year ending June 30, 2024, object 202531359349305048 · read the filing
  • FY2023: Form 990 for the fiscal year ending June 30, 2023, object 202411369349310371 · read the filing
  • FY2022: Form 990 for the fiscal year ending June 30, 2022, object 202321359349317822 · read the filing
  • FY2021: Form 990 for the fiscal year ending June 30, 2021, object 202221369349310812 · read the filing
  • FY2020: Form 990 for the fiscal year ending June 30, 2020 (amended), object 202111959349301601 · read the filing

All filings for EIN 06-0646959: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.