2024-05-07T13:25:57-05:00 2023-06-30 BDO USA 299 S MAIN ST 10TH FLOOR SALT LAKE CITY UT 84111 990 2022-07-01 474365018 Western Governors University % NADEEM SYED WEST 8013233305 4001 SOUTH 700 EAST Suite 700 SALT LAKE CITY UT 84107 NADEEM SYED CFO, TREASURER 3854285130 2024-05-06 true NADEEM SYED 999009999 Matthew Frerker P01677675 8012691818 2024-05-06 2 2022 2023-04-26 12:10:37Z SCOTT PULSIPHER 4001 S 700 E 700 SALT LAKE CITY UT 84107 654374330 false X www.wgu.edu X 2015 UT TO OPERATE AND ADMINISTER AN INSTITUTION OF HIGHER LEARNING. X 16 15 655 15 0 0 35342870 5003519 43850267 649253938 193554 46231 0 70642 79386691 654374330 20535000 13457390 0 0 34939430 334824576 0 0 1662999 14537971 270780193 70012401 619062159 9374290 35312171 30227281 393807673 19883562 348165279 10343719 45642394 X WGU'S MISSION IS TO CHANGE LIVES FOR THE BETTER BY CREATING PATHWAYS TO OPPORTUNITY. WGU DOES THIS BY OPERATING AND ADMINISTERING AN INSTITUTION OF HIGHER EDUCATION AND LEARNING. true true 48210924 0 47452417 THROUGH DECEMBER 31, 2022, THE ORGANIZATION'S CORPORATE SUPPORT SERVICES PROGRAM PROVIDED ADMINISTRATIVE SERVICES (ACCOUNTING, HR, LEGAL, FINANCE, MANAGEMENT, PROCUREMENT, ETC.) SERVICES TO RELATED WGU ENTITIES. 390958 0 537500 THROUGH DECEMBER 31, 2022 THE ORGANIZATION'S INVESTMENT ARM (JUVO) MANAGED INVESTMENTS IN EDUCATION COMPANIES DESIGNED TO INCREASE ACCESS AND QUALITY AND IMPROVE OUTCOMES FOR STUDENTS WORLDWIDE. ASSETS UNDER MANAGEMENT INCREASED BY APPROXIMATELY $4 MILLION DURING THE FISCAL YEAR. 529454700 13457390 601264021 PRIOR TO 2023, THE ORGANIZATION PERFORMED AN ADMINISTRATIVE FUNCTION TO SUPPORT THE OPERATIONS OF WESTERN GOVERNORS UNIVERSITY. HOWEVER, ON JANUARY 1, 2023 (HALFWAY THROUGH ITS FISCAL YEAR), THE ORGANIZATION BEGAN OPERATING AS WESTERN GOVERNORS UNIVERSITY (WGU) BY ASSUMING THE UNIVERSITY OPERATIONS FROM THE ENTITY PREVIOUSLY KNOWN AS WGU. WGU IS AN ONLINE, NONPROFIT, COMPETENCY-BASED UNIVERSITY WITH MORE THAN 182,000 STUDENTS NATIONWIDE AND MORE THAN 323,000 GRADUATES IN ALL 50 STATES, AS OF MARCH 2024. WGU WAS ORIGINALLY ESTABLISHED IN 1997 BY 19 U.S. GOVERNORS WITH A MISSION TO EXPAND ACCESS TO HIGH-QUALITY, AFFORDABLE HIGHER EDUCATION. WGU IS ACCREDITED BY THE NORTHWEST COMMISSION ON COLLEGES AND UNIVERSITIES AND OFFERS UNDERGRADUATE AND GRADUATE DEGREE PROGRAMS IN BUSINESS, INFORMATION TECHNOLOGY, HEALTHCARE/NURSING AND K-12 EDUCATION. 578056582 true true true true false false false false false false true false false false true false false false true false false false false false false false false false true true false false false false false false true false false false false true true true false false false true 122 0 false 655 true false false false false false false false false false false true false X 16 15 false false true false false false false true true false false true true true true true true true true false X NADEEM SYED 3854285130 4001 S 700 E 700 SALT LAKE CITY UT 84107 X SCOTT PULSIPHER DIRECTOR, PRESIDENT 41.0 6.0 X X 1917916 0 58120 MARNI BAKER-STEIN CHIEF ACADEMIC OFF(THRU 12/22) 40.0 2.0 X 806413 0 42499 DAVID GROW COO (AS OF 01/23) 41.0 8.0 X X 687122 0 66400 NADEEM SYED CFO & TREASURER 40.0 2.0 X 595279 0 48469 BONNIE PATTEE SR VP, PEOPLE (THRU 12/22) 40.0 2.0 X 465505 0 51964 ANNALISA HOLCOMBE PRESIDENT, WGU ADVANCEMENT 40.0 0.0 X 367028 0 53460 ROBERT HUNT SR VP, GEN COUNCIL/SECRETARY 40.0 2.0 X 347753 0 55800 PAUL DROUBAY VP, TOTAL REWARDS 40.0 0.0 X 292920 0 52291 JASON THOMPSON VP, DIVERSITY & INCLUSION 40.0 0.0 X 300511 0 41331 JEREMY ROBINSON VP, PEOPLE DEVELOPMENT 40.0 0.0 X 285543 0 44989 SARA REED VP, PEOPLE & TALENT 40.0 0.0 X 270579 0 20500 JOHN BLUFORD DIRECTOR (AS OF 01/23) 1.0 1.0 X 0 0 0 APRIL CHOU DIRECTOR (AS OF 01/23) 1.0 1.0 X 0 0 0 COLE CLARK DIRECTOR 1.0 1.0 X 0 0 0 JOE FULLER DIRECTOR (AS OF 01/23) 1.0 1.0 X 0 0 0 JIM GERINGER DIRECTOR (AS OF 01/23) 1.0 1.0 X 0 0 0 KERRY HEALY DIRECTOR (AS OF 01/23) 1.0 1.0 X 0 0 0 GOV ERIC HOLCOMB DIRECTOR (AS OF 01/23) 1.0 1.0 X 0 0 0 TAMMY JOHNS DIRECTOR 1.0 2.0 X 0 0 0 LENNY MENDONCA DIRECTOR (AS OF 01/23) 1.0 1.0 X 0 0 0 TALIA MILGROM-ELCOTT DIRECTOR (AS OF 01/23) 1.0 1.0 X 0 0 0 GOV JARED POLIS DIRECTOR (AS OF 01/23) 1.0 1.0 X 0 0 0 DAVID SIMMONS DIRECTOR (CHAIR THRU 12/22) 1.0 2.0 X 0 0 0 SAM SMITH DIRECTOR 1.0 1.0 X 0 0 0 CHARLES SORENSON CHAIR (AS OF 01/23) 1.0 1.0 X 0 0 0 JESSIE WOOLLEY-WILSON DIRECTOR 1.0 1.0 X 0 0 0 6336569 0 535823 132 false true false IMA Inc 95 S State Street Suite 1300 SALT LAKE CITY UT 84111 insurance 2778204 JDJ Properties Inc 595 S Riverwoods Parkway Suite 400 LOGAN UT 84321 office lease 1935538 Camelot Lakes Holdings LLC 595 S Riverwoods Parkway Suite 400 LOGAN UT 84321 office lease 1249411 Reliance Standard Life Insurance Co PO Box 3123 SOUTHEASTERN PA 19398 insurance 869995 Woodlands III Holdings LLC 595 S Riverwoods Parkway Suite 400 LOGAN UT 84321 office lease 804943 49 1976736 3026783 5003519 TUITION AND FEES 611430 601120187 601120187 SHARED SERVICE REVENUE 561499 47452417 47452417 JUVO MANAGEMENT FEE INCOME 561499 537500 537500 SERVICES REVENUE 611710 143834 143834 649253938 46231 0 46231 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 OTHER INCOME 900001 70642 70642 70642 654374330 649253938 0 116873 X 0 13457390 13457390 0 0 4579954 4326160 253794 0 253872490 251641528 901337 1329625 12512268 12392543 51560 68165 43950612 43610506 165249 174857 19909252 19748519 81948 78785 0 2857188 276068 2581120 10017924 311324 9706600 44541 43817 724 0 0 78239368 55881722 22357646 0 100597220 100520231 76989 1004356 978781 25575 48587179 45537043 3050136 0 5341850 5312156 29694 4382142 4382142 0 9812708 9797231 15477 0 2774997 2774997 3842808 3803512 30375 8921 1373924 1360492 10786 2646 BAD DEBT EXPENSES 1674081 1674081 MISCELLANEOUS EXPENSES 229907 226339 3568 619062159 578056582 39342578 1662999 X 0 0 3012346 5910190 0 0 293271 354426132 0 0 0 0 0 0 0 0 4501657 7989401 7928397 1549128 15311146 6379269 2317134 240244 0 0 4791727 4615001 0 0 0 14247436 30227281 393807673 8883562 81444536 0 0 0 266549190 0 0 0 0 0 0 0 0 11000000 0 0 171553 19883562 348165279 X 10343719 39402121 0 6240273 10343719 45642394 30227281 393807673 X 35312171 -663725 650229 X false true X true true true X 0.00000 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 false false true false false false false false false true 156481 156481 false SCHEDULE C, PART II-B 1B & 1I: PAYROLL COSTS; LEGAL RETAINERS 0 0 0 7465904 1483057 5982847 462493 66071 396422 6379269 0 LEASE LIABILITY 171553 171553 X SCHEDULE D, PART X, LINE 2 The following is the "Income Taxes" footnote from the consolidated financial statements that include the accounts and balances of Western Governors University, among other entities: WGU Corporation, Western Governors University, WGU Labs, WGU Advancement, and WGU Academy qualify as tax-exempt organizations under Section 501(c)(3) of the Internal Revenue Code and are generally exempt from federal and state income taxes, except for taxes on income from activities unrelated to their exempt purposes. The consolidated wholly-owned LLC partnerships are treated as disregarded entities for income tax purposes to the extent that their activities are related to an exempt purpose of their tax-exempt parent. The Organization records its allocated income or loss from other majority-owned LLCs, and based on the nature of the operations of those LLCs, determines if any income tax will be due. Activities unrelated to the exempt purpose are subject to income tax. The consolidated LP partnerships seek investments in early-stage, mission-aligned companies. Certain activities of the LP partnerships could be subject to taxation and such taxes are recorded in the consolidated financial statements as applicable. Management believes the Organization has taken no tax positions that more likely than not would not be sustained upon examination by taxing authorities. Accordingly, no provision for income taxes has been made in the accompanying consolidated financial statements. true true true true true true true false false false false false false false false true false true SCHEDULE E, PART I, LINE 3: The organization's policy on nondiscrimination is provided to all potential students. All media solicitations adhere to this policy which is available to the public on the school's website. Schedule E, Part I, Line 6a: Western Governors University receives governmental aid to support its role in higher education. true Tuition waivers & other aid 14454 7499143 Scholarships 6874 5958247 SCHEDULE I, PART I, LINE 2: The scholarships and tuition waivers are awarded to students attending the university and are applied toward their tuition. X false true X X X false false false false false false false false false SCOTT PULSIPHER DIRECTOR, PRESIDENT 753461 0 552500 0 611955 0 27000 0 31120 0 1976036 0 0 0 DAVID GROW COO (AS OF 01/23) 455680 0 154650 0 76792 0 27000 0 39400 0 753522 0 0 0 ROBERT HUNT SR VP, GEN COUNCIL/SECRETARY 304253 0 43500 0 0 0 27000 0 28800 0 403553 0 0 0 NADEEM SYED CFO & TREASURER 430579 0 164700 0 0 0 20500 0 27969 0 643748 0 0 0 MARNI BAKER-STEIN CHIEF ACADEMIC OFF(THRU 12/22) 528084 0 153850 0 124479 0 16039 0 26460 0 848912 0 0 0 BONNIE PATTEE SR VP, PEOPLE (THRU 12/22) 364451 0 73850 0 27204 0 27000 0 24964 0 517469 0 0 0 ANNALISA HOLCOMBE PRESIDENT, WGU ADVANCEMENT 286350 0 67763 0 12915 0 27000 0 26460 0 420488 0 0 0 PAUL DROUBAY VP, TOTAL REWARDS 244520 0 48400 0 0 0 20171 0 32120 0 345211 0 0 0 JASON THOMPSON VP, DIVERSITY & INCLUSION 270476 0 30035 0 0 0 16031 0 25300 0 341842 0 0 0 JEREMY ROBINSON VP, PEOPLE DEVELOPMENT 250543 0 35000 0 0 0 13369 0 31620 0 330532 0 0 0 SARA REED VP, PEOPLE & TALENT 252579 0 18000 0 0 0 20500 0 0 0 291079 0 0 0 SCHEDULE J, PART I, LINE 1A: The organization paid $28,623 during the year ended June 30, 2023 to chauffeur the organization's president to and from work. Schedule J, Part I, Line 1B: THE ORGANIZATION DOES NOT HAVE A WRITTEN POLICY REGARDING THE CHAUFFEUR SERVICES RENDERED. Samantha Debenham Officer's daughter 23874 Wages paid false Student Receivables 2023-01-01 150075 book value 841383926 WGU Corporation 4001 S 700 E Ste 700 SLC UT 84107 501(c)(3) Investments 2023-01-01 2065282 broker statement 841383926 WGU Corporation 4001 S 700 E Ste 700 SLC UT 84107 501(C)(3) Fixed assets 2023-01-01 14869210 book value 841383926 WGU Corporation 4001 S 700 E Ste 700 SLC UT 84107 501(c)(3) Prepaids 2023-01-01 3131718 book value 841383926 WGU Corporation 4001 S 700 E Ste 700 SLC UT 84107 501(c)(3) false true false false SCHEDULE N, PART II, LINE 2A: ON JANUARY 1, 2023 THE ENTITIES PREVIOUSLY KNOWN AS WESTERN GOVERNORS UNIVERSITY AND THE CORPORATION OF WESTERN GOVERNORS UNIVERSITY WERE RE STRUCTURED TO STREAMLINE BOARD-LEVEL GOVERNANCE, SUCH THAT THE ENTITY PREVIOUSLY KNOWN AS THE CORPORATION OF WESTERN GOVERNORS UNIVERSITY BECAME THE UNIVERSITY, WHILE THE ENTITY PREVIOUSLY KNOWN AS WESTERN GOVERNORS UNIVERSITY BECAME A SUPPORTIVE, ADMINISTRATIVE PARENT OF THE UNIVERSITY AND OTHER RELATED ENTITIES. TO THIS END, THE ENTITY PREVIOUSLY KNOWN AS WESTERN GOVERNORS UNIVERSITY WAS RENAMED TO "WGU CORPORATION", WHILE THE ENTITY PREVIOUSLY KNOWN AS THE CORPORATION OF WESTERN GOVERNORS UNIVERSITY WAS RENAMED TO "WESTERN GOVERNORS UNIVERSITY". THIS RE-STRUCTURING INVOLVED THE TRANSFER OF EMPLOYEES BETWEEN THE TWO ENTITIES AND CERTAIN TRUSTEES OF WGU CORPORATION BECOMING TRUSTEES OF THE NEW WESTERN GOVERNORS UNIVERSITY. IN ADDITION, TO EFFECT A TRANSFER OF OPERATIONS BETWEEN THE TWO ENTITIES, ASSETS WERE SOLD AND LIABILITIES WERE TRANSFERRED. FORM 990, PART III, LINE 2: DURING FY23 THE UNIVERSITY OPERATIONS OF ANOTHER 501(C)(3) ORGANIZATION WERE TRANSFERRED TO THE ORGANIZATION, AND THE ORGANIZATION BEGAN OPERATING AS A UNIVERSITY. FORM 990, PART III, LINE 3: DURING FY23 THE ORGANIZATION CEASED ITS UNIVERSITY DEVELOPMENT, INVESTMENT MANAGEMENT, AND CORPORATE SUPPORT SERVICES OPERATIONS, WHICH WERE TRANSFERRED TO ANOTHER 501(C)(3) ORGANIZATION. FORM 990, PART VI, SECTION A, LINE 4: WGU CORPORATION WAS MADE THE SOLE MEMBER OF THE ORGANIZATION EFFECTIVE JANUARY 1, 2023. IN ADDITION, THE PURPOSES OF THE ORGANIZATION WERE UPDATED TO SUPPORT ITS ROLE AS A UNIVERSITY SUBSIDIARY OF WGU CORPORATION, AND CHANGES WERE MADE TO THE ARTICLES OF INCORPORATION AND BYLAWS TO QUALIFY WGU CORPORATION AS A TYPE III, FUNCTIONALLY INTEGRATED SUPPORTING ORGANIZATION. THE ORGANIZATION WAS ALSO RENAMED TO WESTERN GOVERNORS UNIVERSITY. FORM 990, PART VI, SECTION B, LINE 11B: THE FORM 990 IS REVIEWED BY THE ORGANIZATION OFFICERS AND DISTRIBUTED TO THE BOARD FOR REVIEW PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C: DIRECTORS/TRUSTEES/OFFICERS ARE REQUIRED TO ANNUALLY REVIEW THE ORGANIZATION'S CONFLICT OF INTEREST POLICY AND DISCLOSE ANY POTENTIAL CONFLICTS. FORM 990, PART VI, SECTION B, LINES 15A & 15B: THE FINANCE COMMITTEE OF THE BOARD HIRES A COMPENSATION CONSULTANT EVERY YEAR TO ASSESS AND REVIEW THE ORGANIZATION'S COMPENSATION TO OFFICERS. THE MOST RECENT REVIEW WAS FOR FY23. IN ADDITION, THE ORGANIZATION PARTICIPATES IN 3 - 5 COMPENSATION SURVEYS IN ORDER TO BENCHMARK ITS COMPENSATION AT LEAST ANNUALLY. THE COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES REVIEWS AND APPROVES THE BASE COMPENSATION, BONUS TYPES, BONUS POTENTIALS, AND THE PERFORMANCE GOALS FOR THE ORGANIZATION. OFFICERS AND KEY EMPLOYEES REVIEW COMPENSATION FOR THEIR RESPECTIVE EMPLOYEES. FORM 990, PART VI, SECTION C, LINE 19: THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: OTHER CHANGES IN NET ASSETS OR FUND BALANCES: NET ASSETS TRANSFERRED FROM WGU TO WGU CORPORATION : $650,364 WGU LABS FUND I, LP : $ (135) --------- TOTAL : $650,229 FORM 990 PART IX LINE 11G DESCRIPTION:LEARNING RESOURCES TOTAL FEES:20436003 FORM 990 PART IX LINE 11G DESCRIPTION:PEOPLE & TLNT SHARED SVCS TOTAL FEES:15809599 FORM 990 PART IX LINE 11G DESCRIPTION:3RD PARTY CERTI. EXAMS TOTAL FEES:9063748 FORM 990 PART IX LINE 11G DESCRIPTION:OPERATIONS SHARED SVCS TOTAL FEES:8981771 FORM 990 PART IX LINE 11G DESCRIPTION:OTHER FEES FOR SERVICES TOTAL FEES:23948247 WGU Corporation 4001 S 700 E STE 700 Salt Lake City UT 84107 841383926 Support svcs UT 501(c)(3) 12C NONE false WGU Labs 4001 S 700 E STE 700 Salt Lake City UT 84107 824523369 Research UT 501(c)(3) 10 WGU Corp false WGU Advancement 4001 S 700 E STE 700 Salt Lake City UT 84107 824547364 Fundraising UT 501(c)(3) 12A WGU Corp false WGU Academy 4001 S 700 E STE 700 Salt Lake City UT 84107 852768979 School UT 501(c)(3) 2 WGU Corp false Miller Bullen Hansen Scholarship Foundat 595 S Riverwoods Parkway Ste 400 Logan UT 84321 472548348 Support UT 501(c)(3) 12A NONE false Hansen Scholars WGU Foundation Inc 595 S Riverwoods Parkway Ste 400 Logan UT 84321 472570865 Support UT 501(c)(3) 12A NONE false false false true false false false true true false false true true true false false false false false false