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 rating441 of 111062 of 129
Fund acquisition rating589 of 111176 of 129
Resource allocation rating249 of 111122 of 129
Asset utilization rating635 of 111086 of 129

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Balance sheet
Receivables, inventories, prepaids$16,606,888$17,311,365$17,972,565$16,873,264$18,056,792
Short-term investments$302,349,203$256,429,571$287,122,818$217,302,779$214,357,956
Other current assets$0$0$0$0$0
Total current assets$329,783,942$284,148,532$317,736,177$241,183,442$243,825,788
Long-term investments$0$0$0$0$0
Fixed assets$231,640,817$239,717,802$245,446,949$254,922,121$263,854,681
Other long-term assets$10,644,256$11,212,121$13,705,358$13,220,902$14,158,837
Total long-term assets$242,285,073$250,929,923$259,152,307$268,143,023$278,013,518
Total assets$572,069,015$535,078,455$576,888,484$509,326,465$521,839,306
Payables and accrued expenses$16,948,618$17,112,503$16,738,043$20,024,137$25,170,564
Other current liabilities$9,639,025$7,825,279$7,546,944$6,064,546$4,423,859
Total current liabilities$26,587,643$24,937,782$24,284,987$26,088,683$29,594,423
Due to (from) affiliates$0$0$0$0$0
Other long-term liabilities$10,899,317$10,054,415$10,134,153$10,270,883$10,932,746
Total long-term liabilities$25,852,594$25,007,783$25,123,993$25,240,404$25,881,947
Total liabilities$52,440,237$49,945,565$49,408,980$51,329,087$55,476,370
Net assets20232022202120202019
Without donor restrictions$416,903,742$390,151,653$422,169,251$377,468,550$381,945,048
With donor restrictions$102,725,036$94,981,237$105,310,253$80,528,828$84,417,888
Net assets$519,628,778$485,132,890$527,479,504$457,997,378$466,362,936
Revenues and expenses
Total contributions$15,690,230$31,493,322$21,649,627$12,518,248$11,843,608
Program service revenue$174,903,737$173,877,299$184,704,472$189,466,894$202,587,389
Membership dues$0$0$0$0$0
Investment income$7,205,782$6,900,791$4,542,899$5,865,597$5,170,593
Other revenue$28,584($70,354)$356,301$268,256$253,253
Total other revenue$182,138,103$180,707,736$189,603,672$195,600,747$208,011,235
Total revenue$197,828,333$212,201,058$211,253,299$208,118,995$219,854,843
Program services$177,726,965$189,816,428$181,138,164$185,151,210$193,445,908
Management and general$20,649,802$21,397,634$22,694,780$20,005,114$16,136,607
Total expenses$200,454,828$213,678,137$205,931,732$207,113,282$211,866,407
Change in net assets20232022202120202019
Surplus (deficit)($2,626,495)($1,477,079)$5,321,567$1,005,713$7,988,436
Other changes in net assets$0$0$0$0$0
Total change in net assets($2,626,495)($1,477,079)$5,321,567$1,005,713$7,988,436


David WrightPresident Emeritus$281,579
Rod Reed End 1222Chancellor/ National & Global$211,328
Karen DowlingVP For Diversity$195,776
Carson CastlemanVP of Student Experience$195,752
Eulala Eileen HulmeChancellor/National & Global$188,269
Nancy SchoonmakerExecutive VP and CFO$183,275
Scott TurcottVP of University Advancement$175,799
Silvia Lucaschi-DeckerVP of Enroll Mgmt (left 2/23)$169,129
Jon Kulaga Began 0822University President$168,860

Compensation data as of: 6/30/2023

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