2023-05-11T09:22:13-05:00 2022-06-30 BDO USA LLP 299 S MAIN ST 10TH FLOOR SALT LAKE CITY UT 84111 990 2021-07-01 474365018 CORPORATION OF WESTERN GOVERNORS UNIVERSITY % NADEEM SYED CORP 8013233305 4001 SOUTH 700 EAST Suite 700 SALT LAKE CITY UT 84107 NADEEM SYED CFO, TREASURER 3854285130 2023-05-15 true NADEEM SYED 999009999 Matthew Frerker P01677675 8012691818 2023-05-10 3 2021 2023-04-26 12:10:37Z SCOTT PULSIPHER 4001 S 700 E 700 SALT LAKE CITY UT 84107 79386691 false X N/A X 2015 UT PURSUE INNOVATIVE SOLUTIONS TO GLOBAL EDUCATION NEEDS, DEVELOP, SUPPORT AND DISTRIBUTE INFORMATION, SPONSOR RESEARCH FOCUSED ON EMERGING PRACTICES IN EDUCATION (SEE SCHEDULE O) 7 5 37 5 0 10673216 35342870 1308692 43850267 -20747 193554 0 0 11961161 79386691 22423216 20535000 0 0 4038490 34939430 0 0 1857438 1877026 14537971 28338732 70012401 -16377571 9374290 2449192 30227281 1479763 19883562 969429 10343719 X PURSUE INNOVATIVE SOLUTIONS TO GLOBAL EDUCATION NEEDS, DEVELOP, SUPPORT AND DISTRIBUTE INFORMATION, SPONSOR RESEARCH FOCUSED ON EMERGING PRACTICES IN EDUCATION AND IMPACT ON STUDENT LEARNING OUTCOMES AND AFFORDABILITY, AND FACILITATE AND SUPPORT CONVENING OF MEMBERS OF THE EDUCATION, BUSINESS, SCIENTIFIC, HEALTHCARE, TECHNOLOGY AND PROFESSIONAL COMMUNITIES INTERESTED IN EDUCATIONAL INNOVATION. PROVIDE GOVERNANCE, GUIDANCE, COORDINATION, SERVICES, SUPPORT AND RESOURCES TO RELATED ORGANIZATIONS. true false 3739658 65215 The Organization's University Development program advances the mission of WGU to deliver a 10x transformative impact in higher education by expanding access, raising quality and improving student outcomes. The Organization has advanced a significant alternative financial aid pilot to serve students with more flexible financing options, and has investigated the potential for more ably serving employers and expanding to serve international students. 901757 1079823 The Organization's investment arm (Juvo) manages investments in education companies designed to increase access and quality and improve outcomes for students worldwide. Assets under management increased by approximately $11 million during the fiscal year. 58914404 20535000 42705229 The Organization's Corporate Support Services program provides administrative services (accounting, HR, legal, finance, management, procurement, etc.) to related WGU entities. 63555819 true true false true false false false false false false true false true false false true false true false false false false false false false false false true false true false false false false false false false false false false false false true true false false false true 40 0 false 37 true false false false false false false false false false false false false X 7 5 false false false false false false false true true false false true true true true true false true true false X NADEEM SYED 3854285130 4001 S 700 E 700 SALT LAKE CITY UT 84107 SCOTT PULSIPHER DIRECTOR, PRESIDENT 3.0 44.0 X X 0 1804900 55038 DAVID GROW DIR., TREASURER (UNTIL 8/5/21) 3.0 46.0 X X 0 624167 50565 BONNIE PATTEE SVP,PEOPLE/TALENT(FROM 8/5/21) 40.0 0.0 X 189536 242664 50039 MATTHEW SANDERS SVP, UNIVERSITY DEVELOPMENT 40.0 0.0 X 424518 0 41919 WESLEY SMITH SVP, POLICY & PUBLIC AFFAIRS 40.0 0.0 X 0 355017 46618 ROBERT HUNT SVP, GENERAL COUNCIL/SECRETARY 40.0 2.0 X 137390 163033 54715 MAIA SHARPLEY SVP, MANAGING PARTNER (JUVO) 40.0 0.0 X 340428 0 6429 PAUL DROUBAY VP OF TOTAL REWARDS (8/5/21) 40.0 0.0 X 128648 166114 47488 NADEEM SYED CFO, TREASURER (FROM 8/5/21) 40.0 2.0 X 167075 121951 37396 ANDRE BENNIN SVP, MANAGING PARTNER (JUVO) 40.0 0.0 X 289866 0 20361 SCOTT TANNER VP OF FINANCE (FROM 8/5/21) 40.0 2.0 X 108981 128262 56716 CURT DEFRIEZ VP OF ACCOUNTING (FROM 8/5/21) 40.0 2.0 X 100877 128422 56465 DAVID SIMMONS DIRECTOR / CHAIR 1.0 3.0 X 0 0 0 SAM SMITH DIRECTOR 1.0 1.0 X 0 0 0 COLE CLARK DIRECTOR 1.0 1.0 X 0 0 0 TAMMY JOHNS DIRECTOR 1.0 3.0 X 0 0 0 JESSIE WOOLLEY-WILSON DIRECTOR 1.0 1.0 X 0 0 0 1887319 3734530 523749 30 false true false NELSON MULLINS RILEY SCARBOROUGH PO DRAWER 11009 COLUMBIA SC 29211 LEGAL CONSULTING 350046 RESOLUTE ADVISORS 17840 STONELEIGH DRIVE ROUND HILL VA 20141 CONSULTING SERVICES 175668 SARAH CHRISTINE BLUE 570 WINNETKA AVENUE WINNETKA IL 60093 CONSULTING SERVICES 132000 6 35342870 35342870 SHARED SERVICE REVENUE 561499 42700211 42700211 MANAGEMENT FEE INCOME 561499 1079823 1079823 MICRO-CREDENTIAL CERTIFICATE REVENUE 611710 60000 60000 SERVICES REVENUE 611710 10233 10233 43850267 193554 193554 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 79386691 43850267 0 193554 20535000 20535000 0 0 0 1866161 1271651 594510 0 25324817 21856201 2048581 1420035 1350545 1157193 121774 71578 4115841 3633114 289570 193157 2282066 1969064 196782 116220 8051 6412 1517 122 460952 352867 108085 254032 199670 54359 3 42807 42807 0 0 6870581 6426172 437537 6872 288423 274170 12668 1585 786348 663663 99128 23557 1254952 1082522 162341 10089 0 879072 832833 44666 1573 1067240 1030649 36591 0 52533 46831 5702 0 0 1919595 1620721 288064 10810 550509 461486 87186 1837 MISCELLANEOUS EXPENSES 102876 92793 10083 70012401 63555819 4599144 1857438 X 0 0 117461 3012346 0 0 9500 293271 0 0 0 0 0 0 0 0 0 4501657 17160481 1849335 426275 15311146 102320 2317134 0 0 1793636 4791727 0 0 0 0 2449192 30227281 1479763 8883562 0 0 0 0 0 0 0 0 0 0 0 0 0 11000000 0 0 1479763 19883562 X 969429 10343719 0 0 969429 10343719 2449192 30227281 9374290 X false true X true false X 0 10000000 10000000 10673216 35342870 66016086 284446 1308692 43850267 45443405 0 0 0 0 10000000 10284446 11981908 79193137 111459491 0 39979014 39979014 39979014 39979014 71480477 2152 11771 44649 -20747 193554 231379 0 2152 11771 44649 -20747 193554 231379 0 0 2152 10011771 10329095 11961161 79386691 111690870 0.63999 0.99876 0.00207 0.00124 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false true false false false false false false true 72775 72775 false SCH C PART II-B 1B & 1I PAYROLL COSTS; LEGAL RETAINERS 10953184 798540 10154644 3061450 594444 2467006 3145847 456351 2689496 15311146 JUVO VENTURES FUND, LP 851726 F WGU LABS FUND I, LP 250000 F MENTORWORKS EDUCATION 3690001 F EDQUITY 0 F MAJOR CLARITY 0 F INSCRIBE 0 F 4791727 0 0 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 Corporation of Western Governors University, among other entities: CWGU, 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, but since the LP partnerships are designed to generate a profit, their activities are largely considered unrelated to their parent's exempt purpose. The tax-exempt parent entities do not generally pay taxes on income from the LP partnerships' investments in C-corporations and promissory notes, but investments in other partnerships are subject to taxation. 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 WGU LABS 4001 S 700 E STE 700 SALT LAKE CITY UT 84107 824523369 501(c)(3) 7885000 CAPITAL CONTRIBUTION INCLUDING LOAN FORGIVENESS WGU ACADEMY 4001 S 700 E STE 700 SALT LAKE CITY UT 84107 852768979 501(c)(3) 8400000 CAPITAL CONTRIBUTION INCLUDING LOAN FORGIVENESS WGU ADVANCEMENT 4001 S 700 E STE 700 SALT LAKE CITY UT 84107 824547364 501(c)(3) 4250000 CAPITAL CONTRIBUTION 3 SCHEDULE I, PART I, LINE 2 The Organization assigns managers over grant funds, who track grant funds to ensure they are used appropriately and expended for their intended purpose. X false false false false false false false false false SCOTT PULSIPHER DIRECTOR, PRESIDENT 0 703542 0 500000 0 601358 0 26000 0 29038 0 1859938 DAVID GROW DIR., TREASURER (UNTIL 8/5/21) 0 439167 0 185000 0 0 0 26000 0 24565 0 674732 ROBERT HUNT SVP, GENERAL COUNCIL/SECRETARY 99665 163033 37725 0 0 0 8308 15692 9181 21534 154879 200259 MATTHEW SANDERS SVP, UNIVERSITY DEVELOPMENT 326922 0 74800 0 22796 0 16710 0 25209 0 466437 0 ANDRE BENNIN SVP, MANAGING PARTNER (JUVO) 289866 0 0 0 0 0 0 0 20361 0 310227 0 NADEEM SYED CFO, TREASURER (FROM 8/5/21) 164745 71951 2330 50000 0 0 8827 8827 9871 9871 185773 140649 BONNIE PATTEE SVP,PEOPLE/TALENT(FROM 8/5/21) 122536 226292 67000 0 0 16372 3115 22885 8662 15377 201313 280926 WESLEY SMITH SVP, POLICY & PUBLIC AFFAIRS 0 271892 0 83125 0 0 0 16853 0 29765 0 401635 MAIA SHARPLEY SVP, MANAGING PARTNER (JUVO) 257095 0 83333 0 0 0 0 0 6429 0 346857 0 PAUL DROUBAY VP OF TOTAL REWARDS (8/5/21) 92648 166114 36000 0 0 0 6377 10396 9828 20887 144853 197397 SCOTT TANNER VP OF FINANCE (FROM 8/5/21) 71831 128262 37150 0 0 0 9000 17000 9175 21541 127156 166803 CURT DEFRIEZ VP OF ACCOUNTING (FROM 8/5/21) 70152 128422 30725 0 0 0 9000 17000 10586 19879 120463 165301 PART I, LINE 1 CONTINUED MISSION: AND IMPACT ON STUDENT LEARNING OUTCOMES AND AFFORDABILITY. PART III, LINE 2 THE ORGANIZATION'S CORPORATE SUPPORT SERVICES PROGRAM PROVIDES ADMINISTRATIVE SERVICES (ACCOUNTING, HR, LEGAL, FINANCE, MANAGEMENT, PROCUREMENT, ETC.) SERVICES TO RELATED WGU ENTITIES. 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 B, LINE 12C DIRECTORS/TRUSTEES/OFFICERS ARE REQUIRED TO ANNUALLY REVIEW THE ORGANIZATION'S CONFLICT OF INTEREST POLICY AND DISCLOSE ANY POTENTIAL CONFLICTS. PART VI, SECTION B, LINES 15A & 15B 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 REPORTING. ALL COMPENSATION PROGRAMS ARE EVALUATED AND ADHERE TO GENERALLY ACCEPTED COMPENSATION PRINCIPLES, AS DESIGNATED BY WORLDATWORK. PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. 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