Wilmington College
Nonprofit profile at a glance
- EIN
- 310537514
- IRS 990 coverage
- 2009–2024
- Forms available
- Form 990 2024, Form 990-T 2024
- Location
- Wilmington, OH, USA
- Phone
- 9374812307
- Rating
- 82
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Undergraduate College (4-year)
Reported finances
- Revenue
- $68,610,469
- Expenses
- $52,288,727
- Assets
- $146,560,110
- Liabilities
- $24,637,489
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
27 people listed
Executive titles in this filing
- COREEN COCKERILL (PRESIDENT)
Highest reported compensation
- COREEN COCKERILL (PRESIDENT): $274,613 total reported compensation
- SIGRID SOLOMON (VP OF STUDENT AFFAIRS): $151,511 total reported compensation
- GEORGE DIMIDIK (VP OF INFORMATION AND OPERATIONS): $131,951 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The mission of wilmington college is to educate, inspire and prepare each student for a life of service and success. To fulfill that mission, wilmington college provides a high-quality undergraduate and graduate educational environment shaped by the traditions of the liberal arts, career preparation and the distinctive practices of the religious society of friends (quakers). By offering academic programs, practical experience and co-curricular activities in a variety of settings to students from diverse backgrounds, the college leads students to gain an awareness of the world, to acquire knowledge of career and vocation and to seek truth and social justice. In keeping with the rich heritage of the liberal arts, the college seeks to educate the whole person - intellectual, emotional, physical and spiritual - in ways that foster critical thinking, reflection, the free exchange of ideas, open inquiry, respect for all persons and a desire for lifelong learning.
What it reported doing in 2024
Educational instruction and related activities were provided for liberal arts students. Auxiliary enterprises includes residence halls, dining room, book store and other activities relating to the educational purposes of the institution.
Operating model
- Revenue model
- Mixed. Its operating money came from several sources; no one source provided a clear majority.
- Distribution model
- Hybrid. The nonprofit split its reported program spending across 56% for direct work, and 44% for grants.
- Includes noncash contributions: Reported contributions include donated property or goods.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. The filing reports few safeguards for money sent abroad and fundraising costs are high for each dollar raised.
Rating breakdown
- Financial Efficiency: 75
- Transparency & Controls: 77
- Accountability: 100
- Sustainability: 79
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 71.4%; rating input score 71
- Program expense ratio: 90.4%; rating input score 90
- Fundraising efficiency: $16.17 raised per $1 spent on fundraising; rating input score 53; 53rd percentile among comparable filings
Transparency & Controls
- Consistency checks: 93.3%; rating input score 93; 21st percentile among comparable filings
- Pay-setting controls: 5 of 6 controls in place; rating input score 83
- Compensation committee: Missing
- Independent consultant: Pass
- Other Form 990s reviewed: Pass
- Written employment contract: Pass
- Compensation survey or study: Pass
- Board or committee approval: Pass
- Foreign activity oversight: Scored; rating input score 0
- Grant itemization coverage: 100%; rating input score 100; 77th percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 77th percentile among comparable filings
- Governance controls: 9 of 9 controls in place; rating input score 100
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Pass
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 23.8%; rating input score 89; 89th percentile among comparable filings
- Total-asset coverage ratio: 2.8; rating input score 74; 74th percentile among comparable filings
- Liabilities to assets ratio: 0.17; rating input score 73; 73rd percentile among comparable filings
- Officer compensation ratio: 1.8%; rating input score 60; 60th percentile among comparable filings
Growth
- Program expense growth: 1.6% per year; rating input score 100; 13th percentile among comparable filings
- Revenue growth: 2.1% per year; rating input score 100; 15th percentile among comparable filings
- Asset growth: 5.4% per year; rating input score 100; 39th percentile among comparable filings
Details
- Where the money goes: 71.4% of revenue deployed · 90.4% of spending went to programs
- Governance: 19 of 19 board members independent · 9 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $47.3M in reported program spending
- Leadership: top reported pay $275K · 27 people listed · 5 of 6 pay-setting controls reported
- Highest-paid contractors: 5 contractors listed · $11.4M reported
- Consistency: 44 of 44 current checks pass
- Schedules: 10 filed schedules · includes major donors, foreign activity, grants, and executive pay
- Filing history: 16 filing years from 2009 to 2024
- Contacts: How to reach this organization
- Money network: 6 filed money-flow records
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
- Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Transparency & Controls: Foreign activity oversight scored 0/100.
- Review — Financial Efficiency: Fundraising efficiency scored 53/100.