2024-05-13T12:20:48-05:00 2023-06-30 BDO USA 299 S MAIN ST 10TH FLOOR SALT LAKE CITY UT 84111 990 2022-07-01 824523369 WGU LABS % NADEEM SYED WGUL 3854289120 4001 SOUTH 700 EAST Suite 700 SALT LAKE CITY UT 84107 DAVID GROW TREASURER 8013233305 2024-05-06 true DAVID GROW 999009999 MATTHEW FRERKER P01677675 8012691818 2024-05-06 2 2022 2023-04-26 12:10:37Z X JASON LEVIN 4001 SOUTH 700 EAST 700 SALT LAKE CITY UT 84107 12908711 false X WGULABS.ORG X 2017 UT TO ENGAGE IN RESEARCH, DEVELOPMENT AND LICENSING OF INNOVATIVE TECHNOLOGIES TO OPTIMIZE LEARNER OUTCOMES. X 5 2 51 2 0 8705750 9085944 2198279 2302901 69941 -403477 0 0 10973970 10985368 0 0 0 0 4891071 6171125 0 0 715319 2272668 2484731 7163739 8655856 3810231 2329512 9230788 0 1639084 0 7591704 0 X TO ENGAGE IN RESEARCH, DEVELOPMENT AND LICENSING OF INNOVATIVE TECHNOLOGIES TO OPTIMIZE LEARNER OUTCOMES; TO DEVELOP AND DISTRIBUTE INFORMATION ABOUT INTEGRATED HEALTHCARE CONCEPTS AND SYSTEMS, SPONSOR RESEARCH FOCUSED ON EMERGING PRACTICES IN INTEGRATED HEALTHCARE, AND FACILITATE AND SUPPORT CONVENINGS FOR THOSE INTERESTED IN INTEGRATED HEALTHCARE. false false 5326576 0 2302901 WGU LABS WORKED WITH 6 EARLY-STAGE EDTECH COMPANIES SOLVING IMPORTANT PROBLEMS IN EDUCATION TO CONDUCT RESEARCH AND HELP THEM GROW. WGU LABS CONTINUES TO EXPAND THE COLLEGE INNOVATION NETWORK, A GROUP OF POST-SECONDARY INSTITUTIONS THAT SERVE UNDER-REPRESENTED STUDENTS COMMITTED TO RESEARCHING INNOVATIVE SOLUTIONS TO IMPROVE OUTCOMES FOR STUDENTS. WITH THE SUPPORT OF THE CHARLES KOCH FOUNDATION, WGU LABS IS CONDUCTING RESEARCH ON A HYBRID COLLEGE MODEL TO INCREASE ACCESS AND COMPLETION OF UNDER-REPRESENTED STUDENTS. 5326576 true true false false false false false false false false false true false false false false false false false false false false false false false false false false true false false false false false false false false false false true false true true true true false false false 19 0 true 51 true false false false false false false false false false false false false X 5 2 false false false false false false false true true false false true true true true true false true true true false UT X NADEEM SYED 3854285130 4001 S 700 E SALT LAKE CITY UT 84107 X SCOTT PULSIPHER DIRECTOR (CHAIR) 1.0 46.0 X 0 1917916 58120 DAVID GROW DIRECTOR / TREASURER 3.0 46.0 X X 0 687122 66400 JASON LEVIN DIRECTOR / PRESIDENT 41.0 0.0 X X 411043 0 52620 BETHENY GROSS DIRECTOR, RESEARCH 40.0 0.0 X 201489 0 39400 OMID FOTHUHI DIRECTOR, LEARNING INNOVATION 40.0 0.0 X 185896 0 19500 JESSICA WISHNIE DIRECTOR, WGU LABS 40.0 0.0 X 181675 0 20500 CHRISTINA ROTHSCHILD SECRETARY (UNTIL 6/30/23) 2.0 40.0 X 0 130443 51049 NATALIE BERKEY DIRECTOR, COMMUNICATIONS 40.0 0.0 X 161280 0 5116 KELVIN BENTLEY CONS. MANAGER (UNTIL 03/17/23) 40.0 0.0 X 141326 0 15419 JEFF LIVINGSTON DIRECTOR 1.0 0.0 X 0 0 0 AJITA MENON DIRECTOR 1.0 0.0 X 0 0 0 1282709 2735481 328124 16 false true false WOODBURY CORPORATION 2733 EAST PARLEYS WAY SUITE 300 SALT LAKE CITY UT 84109 FACILITY RENTAL 126208 1 8335944 750000 9085944 CONTRACT RESEARCH SERVICE REVENUES 611710 2302901 2302901 2302901 42076 42076 0 0 0 0 0 1476788 1002 1921263 2080 -444475 -1078 -445553 -445553 0 0 0 0 0 0 0 0 0 0 10985368 2302901 -403477 0 0 0 0 576904 461523 115381 0 4348405 3281170 717399 349836 246712 168922 55210 22580 677551 555069 74913 47569 321553 220165 71959 29429 0 403071 403071 169984 169984 0 0 0 1035269 541078 427292 66899 7063 7063 61867 24954 33703 3210 343503 205175 105498 32830 0 129726 88822 29031 11873 272232 194101 53902 24229 0 16562 11620 3451 1491 0 0 31893 26119 4069 1705 8925 6111 1997 817 MISCELLANEOUS EXPENSES 4586 3220 959 407 BAD DEBT EXPENSE 50 50 8655856 5326576 2613961 715319 X 0 0 100605 0 0 0 422486 0 0 0 0 0 896991 0 0 0 159864 0 0 0 44114 0 97340 0 0 0 7509388 0 0 0 0 0 9230788 0 562118 0 0 0 1076966 0 0 0 0 0 0 0 0 0 0 0 0 0 1639084 0 X 7292625 0 299079 0 7591704 0 9230788 0 X 2329512 -2329512 478323 -8070027 X false true X false false X 49132 1126734 12331516 8705750 9085944 31299076 177021 4482901 4811124 2198279 2302901 13972226 0 0 0 226153 5609635 17142640 10904029 11388845 45271302 1077602 1058300 814750 750000 3700652 0 1077602 1058300 814750 750000 3700652 41570650 3047 1966 56660 70518 42076 174267 0 3047 1966 56660 70518 42076 174267 0 0 229200 5611601 17199300 10974547 11430921 45445569 0.91473 0.00000 0.00383 0.00000 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 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 WGU Labs, 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. SCHEDULE D, PART VIII THE END OF YEAR BALANCE FOR INVESTMENTS - PROGRAM RELATED WAS TRANSFERRED TO WGU CORPORATION ON JUNE 30, 2023. SCHEDULE D, PART VI, LINE 1D THE END OF YEAR BALANCE FOR EQUIPMENT WAS TRANSFERRED TO WGU CORPORATION ON JUNE 30, 2023. X false false false false false false false false false SCOTT PULSIPHER DIRECTOR (CHAIR) 0 753461 0 552500 0 611955 0 27000 0 31120 0 1976036 0 0 DAVID GROW DIRECTOR / TREASURER 0 455680 0 154650 0 76792 0 27000 0 39400 0 753522 0 0 JASON LEVIN DIRECTOR / PRESIDENT 314675 0 73213 0 23155 0 20500 0 32120 0 463663 0 0 0 CHRISTINA ROTHSCHILD SECRETARY (UNTIL 6/30/23) 0 128193 0 2250 0 0 0 19157 0 31892 0 181492 0 0 BETHENY GROSS DIRECTOR, RESEARCH 183489 0 18000 0 0 0 20500 0 18900 0 240889 0 0 0 OMID FOTHUHI DIRECTOR, LEARNING INNOVATION 159646 0 26250 0 0 0 19500 0 0 0 205396 0 0 0 JESSICA WISHNIE DIRECTOR, WGU LABS 171499 0 10176 0 0 0 20500 0 0 0 202175 0 0 0 NATALIE BERKEY DIRECTOR, COMMUNICATIONS 151280 0 10000 0 0 0 5116 0 0 0 166396 0 0 0 KELVIN BENTLEY CONS. MANAGER (UNTIL 03/17/23) 139229 0 2097 0 0 0 6712 0 8707 0 156745 0 0 0 ACCOUNTS RECEIVABLE 2023-06-30 547738 BOOK VALUE 841383926 WGU CORPORATION 4001 S 700 E STE 700 SLC UT 84107 501(c)(3) PREPAIDS 2023-06-30 18762 BOOK VALUE 841383926 WGU CORPORATION 4001 S 700 E STE 700 SLC UT 84107 501(c)(3) INTERCOMPANY RECEIVABLE 2023-06-30 2498886 BOOK VALUE 841383926 WGU CORPORATION 4001 S 700 E STE 700 SLC UT 84107 501(c)(3) INVESTMENTS 2023-06-30 6394880 LATEST FAIR VALUE 841383926 WGU CORPORATION 4001 S 700 E STE 700 SLC UT 84107 501(c)(3) PROPERTY & EQUIPMENT 2023-06-30 34713 BOOK VALUE 841383926 WGU CORPORATION 4001 S 700 E STE 700 SLC UT 84107 501(c)(3) false true false false true true true true false FORM 990, SCHEDULE N, PART I, LINE 2B: Since WGU Labs became WGU Labs, LLC and a 100% owned subsidiary of WGU Corporation ('97), Jason Levin, a named officer of the WGU Labs, became an employee of WGU Labs, LLC (which is disregarded for tax purposes), so effectively an employee of the successor organization. PART VI, SECTION B, LINE 15A & 15B THE FINANCE COMMITTEE OF THE BOARD OF TRUSTEES 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. THE ORGANIZATION CONDUCTS PERIODIC COMPENSATION REVIEWS FOR ALL EMPLOYEES, INCLUDING KEY MANAGEMENT AND OFFICERS. COMPENSATION RECOMMENDATIONS AND DECISIONS ARE BASED ON A COMPOSITE ANALYSIS OF AT LEAST 3 PEERS OR INDEPENDENT SOURCES, INCLUDING BUT NOT LIMITED TO SALARY SURVEYS, AGGREGATE COMPENSATION DATABASES, AND ONLINE-FACILITATED PEER REPORTING. ALL COMPENSATION PROGRAMS ARE EVALUATED AND ADHERE TO GENERALLY ACCEPTED COMPENSATION PRINCIPLES, AS DESIGNATED BY WORLDATWORK. PART VI, SECTION B, LINE 12C THE ORGANIZATION REQUIRES ALL DIRECTORS TO DISCLOSE POSSIBLE CONFLICTS ANNUALLY. 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. PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. PART XI, LINE 9 TRANSFER OF NET ASSETS TO WGU CORPORATION. ASSETS TRANSFERRED ON SCHEDULE N: $ (9,494,979) LIABILITIES TRANSFERRED: 1,424,952 TOTAL NET ASSETS TRANSFERRED: $ (8,070,027) FORM 990 PART IX LINE 11G DESCRIPTION:PEOPLE & TALENT SHARED SV TOTAL FEES:349885 FORM 990 PART IX LINE 11G DESCRIPTION:CONSULTING SERVICES TOTAL FEES:249746 FORM 990 PART IX LINE 11G DESCRIPTION:CORP MEMBERSHIPS, SUBC. & DUES TOTAL FEES:244688 FORM 990 PART IX LINE 11G DESCRIPTION:INDEPENDENT CONTRACTOR TOTAL FEES:96420 FORM 990 PART IX LINE 11G DESCRIPTION:OTHER TOTAL FEES:94530 WGU LABS MANAGEMENT LLC 4001 SOUTH 700 EAST 700 SALT LAKE CITY UT 84107 862283956 SOCIAL IMPACT UT 1894 WGU LABS WGU LABS GENERAL PARTNERSHIP LLC 4001 SOUTH 700 EAST 700 SALT LAKE CITY UT 84107 862289089 GP OF FUND UT 1000 WGU LABS WGU Corporation 4001 SOUTH 700 EAST 700 SALT LAKE CITY UT 84107 841383926 SUPPORT SERV UT 501(C)(3) LINE 12C NA false Western Governors University 4001 SOUTH 700 EAST 700 SALT LAKE CITY UT 84107 474365018 SCHOOL UT 501(C)(3) LINE 2 WGU Corp false WGU ADVANCEMENT 4001 SOUTH 700 EAST 700 SALT LAKE CITY UT 84107 824547364 FUNDRAISING UT 501(C)(3) LINE 12A WGU Corp false WGU ACADEMY 4001 SOUTH 700 EAST 700 SALT LAKE CITY UT 84107 852768979 SCHOOL UT 501(C)(3) LINE 2 WGU Corp false MeasurEd LLC 4001 S 700 E STE 700 SALT LAKE CITY UT 84107 872892309 EDUCATION PAR UT WGU Labs Related 0 307200 false false 0.60000 false false true false false false false false false true true false false false false false false false