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 rating302 of 109736 of 130
Fund acquisition rating469 of 109953 of 130
Resource allocation rating191 of 109919 of 130
Asset utilization rating573 of 109785 of 130

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Balance sheet
Receivables, inventories, prepaids$17,311,365$17,972,565$16,873,264$18,056,792$22,739,736
Short-term investments$256,429,571$287,122,818$217,302,779$214,357,956$191,743,155
Other current assets$0$0$0$0$0
Total current assets$284,148,532$317,736,177$241,183,442$243,825,788$224,763,194
Long-term investments$0$0$0$0$0
Fixed assets$239,717,802$245,446,949$254,922,121$263,854,681$273,116,692
Other long-term assets$11,212,121$13,705,358$13,220,902$14,158,837$14,363,145
Total long-term assets$250,929,923$259,152,307$268,143,023$278,013,518$287,479,837
Total assets$535,078,455$576,888,484$509,326,465$521,839,306$512,243,031
Payables and accrued expenses$17,112,503$16,738,043$20,024,137$25,170,564$25,134,194
Other current liabilities$7,825,279$7,546,944$6,064,546$4,423,859$5,486,850
Total current liabilities$24,937,782$24,284,987$26,088,683$29,594,423$30,621,044
Due to (from) affiliates$0$0$0$0$0
Other long-term liabilities$10,054,415$10,134,153$10,270,883$10,932,746$10,563,137
Total long-term liabilities$25,007,783$25,123,993$25,240,404$25,881,947$25,492,018
Total liabilities$49,945,565$49,408,980$51,329,087$55,476,370$56,113,062
Net assets20222021202020192018
Without donor restrictions$390,151,653$422,169,251$377,468,550$381,945,048$373,440,557
With donor restrictions$94,981,237$105,310,253$80,528,828$84,417,888$82,689,412
Net assets$485,132,890$527,479,504$457,997,378$466,362,936$456,129,969
Revenues and expenses
Total contributions$31,493,322$21,649,627$12,518,248$11,843,608$15,413,766
Program service revenue$173,877,299$184,704,472$189,466,894$202,587,389$205,543,164
Membership dues$0$0$0$0$0
Investment income$6,900,791$4,542,899$5,865,597$5,170,593$4,530,024
Other revenue($70,354)$356,301$268,256$253,253($387,212)
Total other revenue$180,707,736$189,603,672$195,600,747$208,011,235$209,685,976
Total revenue$212,201,058$211,253,299$208,118,995$219,854,843$225,099,742
Program services$189,816,428$181,138,164$185,151,210$193,445,908$194,158,258
Management and general$21,397,634$22,694,780$20,005,114$16,136,607$19,561,334
Total expenses$213,678,137$205,931,732$207,113,282$211,866,407$216,163,600
Change in net assets20222021202020192018
Surplus (deficit)($1,477,079)$5,321,567$1,005,713$7,988,436$8,936,142
Other changes in net assets$0$0$0$0$0
Total change in net assets($1,477,079)$5,321,567$1,005,713$7,988,436$8,936,142


David WrightUniversity President$359,134
M Dennis LucasChancellor National & Global$212,030
Rodney ReedChancellor Iwu Marion$199,689
Nancy SchoonmakerExecutive VP & CFO$181,675
Rosanne ThomasAssociate Professor, Health Sc$181,229
Scott GilreathVP Digital Transformation$180,299
Scott TurcottVP of Advancement/CAO$176,655
Silvia Lucaschi-DeckerVP of Enrollment Management$169,586

Compensation data as of: 6/30/2022

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