Indiana Wesleyan University

The information on this page was last updated 3/20/2023. If you see errors or omissions, please email: [email protected]


Indiana Wesleyan University is an evangelical Christian comprehensive university that is committed to liberal arts and professional education. U.S. News & World Report ranks Indiana Wesleyan University as "one of the best Master's universities in the Midwest." IWU has been Indiana's fastest-growing University for the past two years. The University's total enrollment, which now exceeds 15,000 students, makes IWU the largest private university in Indiana. One result of this growth has been the establishment of the IWU School of Nursing, a premier nursing school in its own right.

Contact information

Mailing address:
Indiana Wesleyan University
4201 S Washington St.
Marion, IN 46953


Phone: 866-468-6498

Email: [email protected]

Organization details

EIN: 350885591

CEO/President: Dr. Jonathan Kulaga


Board size: 25


Ruling year: 1970

Tax deductible: Yes

Fiscal year end: 06/30

Member of ECFA: No

Member of ECFA since:


IWU's purpose is to search for truth, by study in liberal arts and in professional education within the framework of Christian faith and philosophy so that the person is developed for service to God and man in the church and in society.

Mission statement

Indiana Wesleyan University is a Christ-centered academic community committed to changing the world by developing students in character, scholarship, and leadership.

Statement of faith

We believe in one God, who is Father, Son, and Holy Spirit, the Savior of all persons who put their faith in Him alone for eternal life.

We believe those who receive new life in Christ are called to be holy in character and conduct, and can only live this way by being filled with the Lord's Spirit.

We believe in the Bible and seek to establish our faith and actions on its teachings.

We believe God wants people everywhere to know Him and that the purpose of the church is to tell the world about Christ through its worship, witness, and loving deeds.

Donor confidence score

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Transparency grade


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Financial efficiency ratings

Sector: Colleges/Universities

CategoryRatingOverall rankSector rank
Overall efficiency rating419 of 107441 of 130
Fund acquisition rating586 of 107570 of 130
Resource allocation rating216 of 107518 of 130
Asset utilization rating621 of 107474 of 130

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Balance sheet
Receivables, inventories, prepaids$16,873,264$18,056,792$22,739,736$20,490,978$10,390,697
Short-term investments$217,302,779$214,357,956$191,743,155$180,034,068$163,753,599
Other current assets$0$0$0$0$0
Total current assets$241,183,442$243,825,788$224,763,194$208,228,351$191,159,049
Long-term investments$0$0$0$0$0
Fixed assets$254,922,121$263,854,681$273,116,692$275,840,039$273,017,464
Other long-term assets$13,220,902$14,158,837$14,363,145$14,599,428$15,874,170
Total long-term assets$268,143,023$278,013,518$287,479,837$290,439,467$288,891,634
Total assets$509,326,465$521,839,306$512,243,031$498,667,818$480,050,683
Payables and accrued expenses$20,024,137$25,170,564$25,134,194$27,342,123$27,204,766
Other current liabilities$6,064,546$4,423,859$5,486,850$5,841,547$4,674,240
Total current liabilities$26,088,683$29,594,423$30,621,044$33,183,670$31,879,006
Due to (from) affiliates$0$0$0$0$0
Other long-term liabilities$10,270,883$10,932,746$10,563,137$10,575,427$12,050,270
Total long-term liabilities$25,240,404$25,881,947$25,492,018$25,483,989$27,050,270
Total liabilities$51,329,087$55,476,370$56,113,062$58,667,659$58,929,276
Net assets20202019201820172016
Without donor restrictions$377,468,550$381,945,048$373,440,557$362,786,886$355,082,357
With donor restrictions$80,528,828$84,417,888$82,689,412$77,213,273$66,039,050
Net assets$457,997,378$466,362,936$456,129,969$440,000,159$421,121,407
Revenues and expenses
Total contributions$12,518,248$11,843,608$15,413,766$15,183,310$7,822,820
Program service revenue$189,466,894$202,587,389$205,543,164$201,140,717$211,109,719
Membership dues$0$0$0$0$0
Investment income$5,865,597$5,170,593$4,530,024$4,109,169$4,621,571
Other revenue$268,256$253,253($387,212)($270,914)$1,233,035
Total other revenue$195,600,747$208,011,235$209,685,976$204,978,972$216,964,325
Total revenue$208,118,995$219,854,843$225,099,742$220,162,282$224,787,145
Program services$185,151,210$193,445,908$194,158,258$197,394,871$198,100,845
Management and general$20,005,114$16,136,607$19,561,334$16,553,731$17,431,707
Total expenses$207,113,282$211,866,407$216,163,600$216,902,960$217,353,837
Change in net assets20202019201820172016
Surplus (deficit)$1,005,713$7,988,436$8,936,142$3,259,322$7,433,308
Other changes in net assets$0$0$0$0$0
Total change in net assets$1,005,713$7,988,436$8,936,142$3,259,322$7,433,308


David WrightUniversity President$341,211
Dennis Matthew LucasChancellor/National & Global C$199,170
Martin RiceDean of School of Health Scien$193,458
Nancy SchoonmakerCFO/VP of Business Affairs$190,989
Scott TurcottVP of University Advancement$177,546
Stacy HammonsProvost$174,925
Warren RogersProfessor/Blanchard Endowed Ch$172,109
Diane McDanielVP of Diversity and Inclusion$169,679
Connie ErpeldingTrustee$8,226

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 3/20/2023. To update the information below, please email: [email protected]


Program accomplishments