2025-05-12T12:44:11-04:00 2024-06-30 BDO USA 299 S MAIN ST 10TH FLOOR SALT LAKE CITY UT 84111 990 2023-07-01 841383926 WGU Corporation % NADEEM SYED WGUC 4001 South 700 East Suite 700 Salt Lake City UT 84107 Nadeem Syed Chief Fin. Officer 3854285130 2025-05-05 true true MATTHEW Frerker P01677675 8012691818 2025-05-05 2023 2025-03-06 01:10:19Z Scott Pulsipher 4001 South 700 East Suite 700 Salt Lake City UT 84107 811643242 false X WWW.WGU.EDU X 1997 UT TO SUPPORT WGU INSTITUTIONS OF HIGHER LEARNING. 12 11 1154 14 0 4034 3561241 503776 640181833 235123802 37300962 28712572 1089916 366325 682133952 264706475 12811215 0 0 0 386148987 160394121 0 0 4024569 294180553 112409671 693140755 272803792 -11006803 -8097317 686959304 945870128 371700144 595995597 315259160 349874531 X The Organization's mission is to operate exclusively for the benefit of, to perform the functions of, and to carry out the purposes of 1) Western Governors University and 2) WGU Academy. Western Governors University is a 501(c)(3) organization, and WGU Academy was a 501(c)(3) organization until converting to a wholly-owned partnership and disregarded entity of the Organization as of June 30, 2024. false false 243064538 0 235123802 The Organization is a Type III functionally integrated supporting organization whose purpose is to operate to the exclusive benefit of, to perform the functions of, and to carry out the purposes of Western Governors University and WGU Academy. The Organization provides direction over the policies, programs, and activities of these supported organizations in addition to financial support. In FY24, the Organization provided $10.6 million of funding to these supported organizations. The Organization also provides administrative services (accounting, HR, legal, finance, management, procurement, etc.) to these supported organizations. 243064538 true true true true false false false false false true true true false false true true false true false true true false false false false false false false false true false false false false false false true false false false false false true true true true false false true 346 0 1154 true true true true MX false false false false false false false false true false X 12 11 false false false false false false false true true false true true true true true true true true true true false X NADEEM SYED 3854255130 4001 SOUTH 700 EAST STE 700 Salt Lake City UT 84107 X SCOTT PULSIPHER TRUSTEE/PRESIDENT 41.0 4.0 X X 2205837 0 62280 DAVID GROW CHIEF OPERATING OFFICER 40.0 2.0 X 810920 0 72690 NADEEM SYED CHIEF FINANCIAL OFFICER 40.0 2.0 X 619771 0 51930 DAVID MORALES SR VP, TECHNOLOGY & CIO 40.0 0.0 X 616608 0 33848 BONNIE PATTEE SR VP, PEOPLE & TALENT 40.0 0.0 X 519496 0 56007 JASON LEVIN EXECUTIVE DIRECTOR, LABS 40.0 0.0 X 458620 0 56530 ROBERT HUNT SR VP, GENERAL COUNSEL, SECR. 40.0 2.0 X 395333 0 86530 ANNALISA HOLCOMBE PRESIDENT, WGU ADVANCEMENT 40.0 0.0 X 388861 0 58266 PATRICIA MOORE VICE PRESIDENT, ENGINEERING 40.0 0.0 X 382886 0 41579 PAUL DROUBAY VICE PRESIDENT, TOTAL REWARDS 40.0 0.0 X 364531 0 56486 HENRY HUMPHREYS VP, PRODUCT & PORTF. MANAG. 40.0 0.0 X 334965 0 46486 DR CHARLES SORENSON CHAIR (THRU 11/23) 1.0 1.0 X 0 0 0 JOE FULLER CHAIR 1.0 1.0 X 0 0 0 LENNY MENDONCA VICE-CHAIR 1.0 1.0 X 0 0 0 JOHN W BLUFORD III TRUSTEE 1.0 1.0 X 0 0 0 APRIL CHOU TRUSTEE 1.0 1.0 X 0 0 0 COLE CLARK TRUSTEE 1.0 1.0 X 0 0 0 DWANA FRANKLIN-DAVIS TRUSTEE (AS OF 11/23) 1.0 1.0 X 0 0 0 TALIA MILGROM-ELCOTT TRUSTEE 1.0 1.0 X 0 0 0 THE HONORABLE JIM GERINGER TRUSTEE (EMERITUS AS OF 11/23) 1.0 1.0 X 0 0 0 KERRY HEALY TRUSTEE 1.0 1.0 X 0 0 0 ELOY ORTIZ OAKLEY TRUSTEE (AS OF 11/23) 1.0 1.0 X 0 0 0 DAVID SIMMONS TRUSTEE 1.0 1.0 X 0 0 0 DR SAMUEL H SMITH TRUSTEE (EMERITUS AS OF 11/23) 1.0 1.0 X 0 0 0 JESSIE WOOLEY-WILSON TRUSTEE 1.0 1.0 X 0 0 0 COURTNEY HILLS MCBETH CAO & PROVOST (AS OF 1/24) 40.0 2.0 X 0 0 0 7097828 0 622632 150 false true false Globalization Partners LLC 175 Federal Street Floor 17 BOSTON MA 02110 PROFESSIONAL SERVICE 8620144 Genesys Cloud Services Inc 1302 El Camino Real Suite 300 MENLO PARK CA 94025 TECHNOLOGY 7042069 Salesforcecom Inc 415 Mission Street 3rd Floor SAN FRANCISCO CA 94105 SOFTWARE 6262839 Reliance Standard Life Insurance Co 45 Sego Lily Drive Suite 104 SANDY UT 84070 INSURANCE 4227871 ReliaStar Life Insurance Company 3702 Paysphere Circle CHICAGO IL 60674 INSURANCE 4224442 150 503776 503776 SHARED SERVICE FEES 611430 232321292 232321292 OTHER SERVICES 611430 2802510 2802510 235123802 20748430 20748430 0 0 0 0 0 554900909 546908612 28155 7992297 -28155 7964142 7964142 0 0 0 0 0 0 0 0 0 OTHER INCOME 900001 366325 366325 366325 264706475 235123802 29078897 0 0 0 0 7075507 5143443 1932064 0 118367249 105158438 10670318 2538493 6880946 6102374 653125 125447 18147555 16272421 1564652 310482 9922864 8842513 904939 175412 0 713411 642067 71344 684469 611294 67925 5250 403567 363209 40358 0 2364569 2128102 236467 19217695 16945288 1882899 389508 2284053 1989854 221105 73094 12545048 11218265 1246533 80250 36524015 32856560 3650901 16554 0 3277366 2901326 322385 53655 3993080 3453046 383690 156344 0 2946241 2590963 287898 67380 0 10643233 10643233 13398598 12046789 1338595 13214 1554113 1395023 155010 4080 BAD DEBT EXPENSES 1000073 1000073 EXCISE, STATE, & LOCAL TAXES 198049 178243 19806 FOREIGN CURRENCY TRX LOSSES 177100 159389 17711 MISCELLANEOUS EXPENSES 484991 422625 46960 15406 272803792 243064538 25714685 4024569 0 0 64205090 38322689 1201869 296996 4400561 235332 0 0 0 0 0 0 0 0 15732391 16264092 115582893 41772154 53993371 73810739 397322196 658150968 71057978 78909970 35247535 38766654 0 0 43798313 41112688 686959304 945870128 33539951 39537239 0 0 0 367302 0 0 0 0 0 0 0 0 0 0 338160193 556091056 371700144 595995597 X 301291618 347262169 13967542 2612362 315259160 349874531 686959304 945870128 X -8097317 33502661 9210027 X false true X true true true X X X 2 WESTERN GOVERNORS UNIVERSITY 474365018 2 true 110645 0 WGU ACADEMY 852768979 2 true 10532589 0 2 10643234 0 true false false false true false false false false false false false false false false true true true X true true SCHEDULE A, SECTION A, LINE 5A: WGU Labs (EIN: 82-4523369) ceased being a supported organization as of the beginning of FY24, since it converted to a wholly-owned LLC of the Organization that is disregarded for tax purposes. In addition, WGU Academy (EIN: 85-2768979) converted to a wholly-owned LLC of the Organization as of the end of FY24, so in future years it will be a disregarded entity for tax purposes. SCHEDULE A, SECTION E, LINE 3A: THE ARTICLES OF INCORPORATION OF THE SUPPORTED ORGANIZATIONS CONTAIN PROVISIONS THAT THE ORGANIZATION HAS EXCLUSIVE POWER OVER THE ELECTION AND REMOVAL OF DIRECTOR(S) OF THOSE ORGANIZATIONS. SCHEDULE A, SECTION E, LINE 3B: THE SUPPORTED ORGANIZATIONS SHARE OFFICERS AND DIRECTORS WITH THE ORGANIZATION. THE ORGANIZATION ALSO PROVIDES ADMINISTRATIVE SERVICES (ACCOUNTING, HR, LEGAL, FINANCE, MANAGEMENT, PROCUREMENT, ETC.) TO THE SUPPORTED ORGANIZATIONS IN ADDITION TO PROVIDING DIRECTION OVER THE POLICIES AND PROGRAM OBJECTIVES FOR THOSE ORGANIZATIONS. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 true 263341 263341 272540451 272803792 1000000 250000 1000000 1000000 1000000 1000000 4000000 6000000 248749 149401 86755 263341 748246 250000 250000 250000 250000 1000000 1500000 2632637 546634 334976 115019 78862 3320366 82390 2458767 140823 49343 2632637 587660 -419093 -24634 61543 82390 412660 205000 30000 587660 395660 34000 17000 412660 0.26500 0.49050 0.24450 false false false 957328 594548 362780 22746469 14165463 8581006 12445441 6386403 6059038 79433655 20625740 58807915 73810739 GLAS FUNDS SPC 63536097 F OTHER SECURITIES 15373873 F 78909970 0 PAYABLE TO WESTERN GOVERNORS UNIV. 509404072 LEASE LIABILITY 43800627 PAYABLE TO WGU ACADEMY 2886357 556091056 X SCHEDULE D, PART V, LINE 4: THE ENDOWMENT FUNDS OF THE ORGANIZATION ARE USED TO FUND SCHOLARSHIPS FOR STUDENTS. 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 Corporation, among other entities: WGU Corporation and Western Governors University 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. North America 1 136 Program Services IT services 8249443 1 136 1 136 8249443 8249443 true false false false false false X false true X X X X false false false false false false false false false SCOTT PULSIPHER TRUSTEE/PRESIDENT 804934 0 650000 0 750903 0 30000 0 32280 0 2268117 0 0 0 DAVID GROW CHIEF OPERATING OFFICER 482903 0 215000 0 113017 0 30000 0 42690 0 883610 0 0 0 NADEEM SYED CHIEF FINANCIAL OFFICER 475771 0 144000 0 0 0 22500 0 29430 0 671701 0 0 0 DAVID MORALES SR VP, TECHNOLOGY & CIO 440745 0 113895 0 61968 0 4466 0 29382 0 650456 0 0 0 BONNIE PATTEE SR VP, PEOPLE & TALENT 395064 0 82800 0 41632 0 30000 0 26007 0 575503 0 0 0 JASON LEVIN EXECUTIVE DIRECTOR, LABS 335084 0 85730 0 37806 0 22500 0 34030 0 515150 0 0 0 ROBERT HUNT SR VP, GENERAL COUNSEL, SECR. 325791 0 58855 0 10687 0 30000 0 56530 0 481863 0 0 0 ANNALISA HOLCOMBE PRESIDENT, WGU ADVANCEMENT 307889 0 55515 0 25457 0 30000 0 28266 0 447127 0 0 0 PATRICIA MOORE VICE PRESIDENT, ENGINEERING 336531 0 46355 0 0 0 30000 0 11579 0 424465 0 0 0 PAUL DROUBAY VICE PRESIDENT, TOTAL REWARDS 309371 0 55160 0 0 0 22456 0 34030 0 421017 0 0 0 HENRY HUMPHREYS VP, PRODUCT & PORTF. MANAG. 302045 0 32920 0 0 0 16904 0 29582 0 381451 0 0 0 SCHEDULE J, PART I, LINE 1A: The organization paid for its president to fly first-class on certain flights longer than 3 hours. The cost of these flights is not considered taxable to the employee, since the trips are business-related. SCHEDULE J, PART I, LINE 1B: The organization's written policy is that first-class flights are not allowed, except when they are for a justifiable reason and are pre-approved by the CFO or President. Spencer Grow Officer's son 28704 Wages paid false 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: MONITORING AND ENFORCING THE CONFLICT OF INTEREST POLICY - THE UNIVERSITY'S CONFLICT OF INTEREST POLICY IS DOCUMENTED IN THE EMPLOYEE HANDBOOK. EACH NEW EMPLOYEE IS REQUIRED TO SIGN A DECLARATION THAT THEY HAVE READ AND UNDERSTAND THE UNIVERSITY'S EMPLOYEE HANDBOOK. THE UNIVERSITY RELIES ON ITS EMPLOYEES TO SELF-MONITOR AND SELF-REPORT COMPLIANCE TO ALL EMPLOYEE POLICIES AND PROCEDURES INCLUDING CONFLICT OF INTEREST ISSUES. ANY REPORTED VIOLATIONS OF THE CONFLICT OF INTEREST POLICY ARE AGGRESSIVELY INVESTIGATED AND PROPERLY RESOLVED. FORM 990, PART VI, SECTION B, LINE 15 A & B: 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 FY24. 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 Officers. Officers and key employees review compensation for their respective organizations. FORM 990, PART VI, SECTION C, LINE 19: THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC AFTER RECEIPT OF A TIMELY WRITTEN REQUEST. FORM 990, PART XI, LINE 9: OTHER CHANGES IN NET ASSETS OR FUND BALANCES: MERGER OF WGU LABS NET ASSETS (AND WGU LABS MGMT) : $8,070,027 ADJUSTMENT TO BEGINNING BALANCE FOR INTERCOMPANY TRANSACTION : $640,000 CAPITAL CONTRIBUTIONS : $500,000 --------- TOTAL : $9,210,027 Juvo Ventures LLC 4001 S 700 E STE 700 Salt Lake City UT 84107 834287681 SEE PART VII UT 1253397 14991 WGU CORP Juvo Ventures Fund GP LLC 4001 S 700 E STE 700 Salt Lake City UT 84107 843708387 SEE PART VII UT -64669 975385 WGU CORP WGU Holding LLC 4001 S 700 E STE 700 Salt Lake City UT 84107 843853956 SEE PART VII UT 0 0 WGU CORP Pineview Financial LLC 4001 S 700 E STE 700 Salt Lake City UT 84107 871704174 SEE PART VII UT 0 0 WGU CORP Suncrest Financial LLC 4001 S 700 E STE 700 Salt Lake City UT 84107 871704350 SEE PART VII UT 305 0 WGU CORP Open Skills Network LLC 4001 S 700 E STE 700 Salt Lake City UT 84107 320719591 SEE PART VII UT 0 0 WGU CORP WGU Reserve LLC 4001 S 700 E STE 700 Salt Lake City UT 84107 923281653 SEE PART VII UT 58047821 763146319 WGU CORP Amplio Management Group LLC 4001 S 700 E STE 700 Salt Lake City UT 84107 923153139 SEE PART VII UT 0 0 WGU CORP Pathway Services Group LLC 4001 S 700 E STE 700 Salt Lake City UT 84107 923112854 SEE PART VII UT 0 0 WGU CORP Opportunity Partners LLC 4001 S 700 E STE 700 Salt Lake City UT 84107 923103380 SEE PART VII UT 0 0 WGU CORP WGU Labs LLC 4001 S 700 E STE 700 Salt Lake City UT 84107 824523369 SEE PART VII UT 1041451 6636165 WGU CORP WGU Innovation Services SC Paseo Royal Country 4650 Piso 5 Zapopan RQ 45116 000000000 SEE PART VII MX 8884817 2439627 WGU CORP Western Governors University 4001 S 700 E STE 700 Salt Lake City UT 84107 474365018 School UT 501(c)(3) 2 WGU CORP true WGU Academy 4001 S 700 E STE 700 Salt Lake City UT 84107 852768979 School UT 501(c)(3) 2 WGU CORP true WGU Indiana Inc 333 N Alambama St Ste 250 Indianapolis IN 46204 273530075 School IN 501(c)(3) 2 WGU CORP false WGU Washington Inc 220435 72nd Ave S 301 Kent WA 98032 463681966 School WA 501(c)(3) 2 WGU CORP false WGU Texas Inc 402-A Palm Valley Blvd PMB 323 Round Rock TX 78664 463688170 School TX 501(c)(3) 2 WGU CORP false WGU Missouri Inc 8000 Maryland Ave Ste 410 St Louis MO 63105 463698226 School MO 501(c)(3) 2 WGU CORP false WGU Tennessee Inc 501 Corporate Centre Dr Ste 390 Franklin TN 37067 463707548 School TN 501(c)(3) 2 WGU CORP false Miller Bullen Hansen Scholarship Fdn 595 S Riverwoods Parkway Ste 400 Logan UT 84321 472548348 Support UT 501(c)(3) 12A WGU CORP false Hansen Scholars WGU Foundation Inc 595 S Riverwoods Parkway Ste 400 Logan UT 84321 472570865 Support UT 501(c)(3) 12A WGU CORP false false true false false false false false false false true false true false false false false false false false Western Governors University b 110645 SEE PART VII WGU ACADEMY b 10532589 SEE PART VII Western Governors University J 8525305 SEE PART VII WGU ACADEMY J 141986 SEE PART VII Western Governors University L 230100914 SEE PART VII WGU ACADEMY L 2220378 SEE PART VII SCHEDULE R, PART I, COLUMN B: NAME: Juvo Ventures, LLC PRIMARY ACTIVITY: Investment manager NAME: Juvo Ventures Fund GP, LLC PRIMARY ACTIVITY: General partner of fund NAME: WGU Holding, LLC PRIMARY ACTIVITY: Hold intellectual property NAME: Pineview Financial, LLC PRIMARY ACTIVITY: Pursue alternative financing NAME: Suncrest Financial, LLC PRIMARY ACTIVITY: Pursue alternative financing NAME: Open Skills Network, LLC PRIMARY ACTIVITY: Higher education initiative NAME: WGU Reserve, LLC PRIMARY ACTIVITY: Hold investments NAME: Amplio Management Group, LLC PRIMARY ACTIVITY: Manage investment entities NAME: Pathway Services Group, LLC PRIMARY ACTIVITY: Manage academic ventures NAME: Opportunity Partners, LLC PRIMARY ACTIVITY: Manage supporting operations NAME: WGU Labs, LLC PRIMARY ACTIVITY: Research & Development NAME: WGU Innovation Services, SC PRIMARY ACTIVITY: IT services SCHEDULE R, PART V, LINE 2: NAME OF OTHER ORGANIZATION: Western Governors University METHOD OF DETERMINING AMOUNT INVOLVED: ACTUAL CASH CONTRIBUTED NAME OF OTHER ORGANIZATION: WGU ACADEMY METHOD OF DETERMINING AMOUNT INVOLVED: ACTUAL CASH CONTRIBUTED NAME OF OTHER ORGANIZATION: Western Governors University METHOD OF DETERMINING AMOUNT INVOLVED: ESTIMATE BASED UPON SPACE OCCUPIED NAME OF OTHER ORGANIZATION: WGU ACADEMY METHOD OF DETERMINING AMOUNT INVOLVED: ESTIMATE BASED UPON SPACE OCCUPIED NAME OF OTHER ORGANIZATION: Western Governors University METHOD OF DETERMINING AMOUNT INVOLVED: BASED UPON HEADCOUNT NAME OF OTHER ORGANIZATION: WGU ACADEMY METHOD OF DETERMINING AMOUNT INVOLVED: BASED UPON HEADCOUNT