Nonprofit · EIN 42-0707120
WILLIAM PENN UNIVERSITY
Tax-exempt · OSKALOOSA, IA 52577
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $51,407,341 | $49,285,425 | $2,121,916 | $86,215,453 | $44,877,280 | $41,338,173 |
| June 30, 2024 | 990 | $51,277,637 | $51,517,863 | -$240,226 | $84,983,218 | $46,202,789 | $38,780,429 |
| June 30, 2023 | 990 | $51,668,305 | $48,331,876 | $3,336,429 | $82,522,880 | $47,255,280 | $35,267,600 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $9,175,830
- of which government grants
- $327,356
- Program service revenue
- $41,126,347
- Investment income
- $733,426
- Royalties
- $26,002
- Net rental income
- -$58,640
- Net gain from sales of assets
- $63,953
- Other revenue
- $371,738
Expenses
- Grants and similar amounts paid
- $20,638,777
- Compensation of officers, directors and key employees
- $454,086
- Other salaries and wages
- $9,486,751
- Salaries, compensation and benefits (total)
- $12,262,790
- Professional fundraising fees
- $0
- Legal fees
- $38,695
- Accounting fees
- $104,870
- Occupancy
- $3,301,313
- Travel
- $880,814
- Depreciation
- $2,276,660
- Program services (functional)
- $44,854,717
- Management and general (functional)
- $4,116,125
- Fundraising (functional)
- $314,583
Balance sheet and other
- Total assets, start of year
- $84,983,218
- Total assets, end of year
- $86,215,453
- Total liabilities, end of year
- $44,877,280
- Net assets, end of year
- $41,338,173
- Land, buildings and equipment
- $56,665,983
- Publicly traded securities
- $5,271,017
- Net assets without donor restrictions
- $18,211,357
- Net assets with donor restrictions
- $23,126,816
- Gross unrelated business income
- $16,122
- Gross receipts
- $51,534,375
- Employees
- 735
- Volunteers
- 50
- Year formed
- 1873
- State of legal domicile
- IA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| JOHN OTTOSSON | PRESIDENT Trustee or director, Officer | 40 | $237,853 | $23,584 |
| BONNIE L JOHNSON | CFO Officer | 40 | $131,647 | $23,232 |
| NOEL STAHLE | VP OF ACADEM Highest-paid employee | 40 | $109,771 | $17,182 |
| KERRA STRONG | FACULTY Highest-paid employee | 40 | $103,571 | $5,339 |
| DAVID AHMAD | COMMITTEE CH Trustee or director | 2 | $0 | $0 |
| RON BRYAN | TRUSTEE Trustee or director | 2 | $0 | $0 |
| JOE P CROOKHAM | VICE CHAIRMA Trustee or director, Officer | 2 | $0 | $0 |
| JERRY N ELLIS | COMMITTEE CH Trustee or director | 2 | $0 | $0 |
| JAMES FUEDNER | TRUSTEE Trustee or director | 2 | $0 | $0 |
| TOM FRANKS | COMMITTEE CH Trustee or director | 2 | $0 | $0 |
| MANNY GARCIA | TRUSTEE Trustee or director | 2 | $0 | $0 |
| SYLIVA GRAVES | TRUSTEE Trustee or director | 2 | $0 | $0 |
| KIMBERLY HOLMBERG | TRUSTEE Trustee or director | 2 | $0 | $0 |
| CHRIS HYLAND | COMMITTEE CH Trustee or director | 2 | $0 | $0 |
| IRVING JONES | COMMITTEE CH Trustee or director | 2 | $0 | $0 |
9 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| LARRY JUNCKER | TRUSTEE Trustee or director | 2 | $0 |
| REGINALD MARTIN | TRUSTEE Trustee or director | 2 | $0 |
| JEFF MCNULTY | TRUSTEE Trustee or director | 2 | $0 |
| GORDAN MOORE | TRUSTEE Trustee or director | 2 | $0 |
| JON MOSHER | TRUSTEE Trustee or director | 2 | $0 |
| ERIC NICHOLS | BOARD CHAIRM Trustee or director, Officer | 2 | $0 |
| ROBERT SCHULTZE | TRUSTEE Trustee or director | 2 | $0 |
| ALFIO TOGNOCCHI | TRUSTEE Trustee or director | 2 | $0 |
| JAYNE SHERWOOD | TRUSTEE Trustee or director | 2 | $0 |
990 for the year ended June 30, 2024: 25 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| JOHN OTTOSSON | PRESIDENT Trustee or director, Officer | 40 | $232,434 | $23,686 |
| BONNIE L JOHNSON | CFO Officer | 40 | $127,084 | $24,773 |
| NOEL STAHLE | VP OF ACADEM Highest-paid employee | 40 | $109,267 | $17,345 |
| KERRA STRONG | FACULTY Highest-paid employee | 40 | $100,473 | $5,540 |
| DAVID AHMAD | COMMITTEE CH Trustee or director | 2 | $0 | $0 |
| JOE P CROOKHAM | VICE CHAIRMA Trustee or director, Officer | 2 | $0 | $0 |
| RON BRYAN | TRUSTEE Trustee or director | 2 | $0 | $0 |
| KEVIN DERONDE | TRUSTEE Trustee or director | 2 | $0 | $0 |
| JERRY N ELLIS | COMMITTEE CH Trustee or director | 2 | $0 | $0 |
| TOM FRANKS | COMMITTEE CH Trustee or director | 2 | $0 | $0 |
| SYLIVA GRAVES | TRUSTEE Trustee or director | 2 | $0 | $0 |
| CHRIS HYLAND | COMMITTEE CH Trustee or director | 2 | $0 | $0 |
| IRVING JONES | COMMITTEE CH Trustee or director | 2 | $0 | $0 |
| REGINALD MARTIN | TRUSTEE Trustee or director | 2 | $0 | $0 |
| GORDAN MOORE | TRUSTEE Trustee or director | 2 | $0 | $0 |
| ERIC NICHOLS | BOARD CHAIRM Trustee or director, Officer | 2 | $0 | $0 |
| ALFIO TOGNOCCHI | TRUSTEE Trustee or director | 2 | $0 | $0 |
| ROBERT SCHULTZE | TRUSTEE Trustee or director | 2 | $0 | $0 |
| KEVIN ROHR | TRUSTEE Trustee or director | 2 | $0 | $0 |
| JEFF MCNULTY | TRUSTEE Trustee or director | 2 | $0 | $0 |
| MANNY GARCIA | TRUSTEE Trustee or director | 2 | $0 | $0 |
| DERRICK WILLIS | TRUSTEE Trustee or director | 2 | $0 | $0 |
| JON MOSHER | TRUSTEE Trustee or director | 2 | $0 | $0 |
| LARRY JUNCKER JR | TRUSTEE Trustee or director | 2 | $0 | $0 |
| JAMES FEUDNER | TRUSTEE Trustee or director | 2 | $0 | $0 |
990 for the year ended June 30, 2023: 29 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| JOHN OTTOSSON | PRESIDENT Trustee or director, Officer | 40 | $236,799 | $23,925 |
| BONNIE L JOHNSON | CFO Officer | 40 | $135,056 | $24,924 |
| NOEL STAHLE | VP OF ACADEM Highest-paid employee | 40 | $111,950 | $17,661 |
| MARSHA RIORDAN | VP OF ADVANC Highest-paid employee | 40 | $101,854 | $16,946 |
| JOHN HENRY | BASKETBALL C Highest-paid employee | 40 | $105,877 | $6,287 |
| DAVID AHMAD LEFT OCT 2022 | TRUSTEE Trustee or director | – | $0 | $0 |
| JOE P CROOKHAM | VICE CHAIRMA Trustee or director, Officer | 2 | $0 | $0 |
| MICHAEL GATES LEFT OCT 2022 | TRUSTEE Trustee or director | – | $0 | $0 |
| RON BRYAN | TRUSTEE Trustee or director | 2 | $0 | $0 |
| KEVIN DERONDE | TRUSTEE Trustee or director | 2 | $0 | $0 |
| JERRY N ELLIS | CHAIRMAN Trustee or director, Officer | 2 | $0 | $0 |
| TOM FRANKS | TRUSTEE Trustee or director | 2 | $0 | $0 |
| SYLIVA GRAVES | TRUSTEE Trustee or director | 2 | $0 | $0 |
| CHRIS HYLAND | TRUSTEE Trustee or director | 2 | $0 | $0 |
| IRVING JONES | TRUSTEE Trustee or director | 2 | $0 | $0 |
| REGINALD MARTIN | TRUSTEE Trustee or director | 2 | $0 | $0 |
| GORDAN MOORE | TRUSTEE Trustee or director | 2 | $0 | $0 |
| ERIC NICHOLS LEFT OCT 2022 | TRUSTEE Trustee or director | – | $0 | $0 |
| RUTH NEUBERT LEFT OCT 2022 | TRUSTEE Trustee or director | – | $0 | $0 |
| ALFIO TOGNOCCHI LEFT OCT 2022 | TRUSTEE Trustee or director | – | $0 | $0 |
| ROBERT SCHULTZE LEFT OCT 2022 | TRUSTEE Trustee or director | – | $0 | $0 |
| KEVIN ROHR | TRUSTEE Trustee or director | 2 | $0 | $0 |
| JEFF MCNULTY | TRUSTEE Trustee or director | 2 | $0 | $0 |
| MANNY GARCIA | TRUSTEE Trustee or director | 2 | $0 | $0 |
| DERRICK WILLIS JOINED OCT 2022 | TRUSTEE Trustee or director | 2 | $0 | $0 |
| JON MOSHER JOINED OCT 2022 | TRUSTEE Trustee or director | 2 | $0 | $0 |
| LARRY JUCKNER JR JOINED OCT 2022 | TRUSTEE Trustee or director | 2 | $0 | $0 |
| JAMES FEUDNER | TRUSTEE Trustee or director | 2 | $0 | $0 |
| ROBERT TALBOT LEFT OCT 2022 | TRUSTEE Trustee or director | – | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 201 TRUEBLOOD AVE, OSKALOOSA, IA 52577-1757
- Principal officer (990 for 2024)
- BONNIE L JOHNSON, NORTH MARKET AND TRUEBLOOD AVE, OSKALOOSA, IA 52577
- Signed the 990
- BONNIE L JOHNSON, CFO
- Phone
- (641) 673-1001
- Website
- WWW.WMPENN.EDU
- Return prepared by
- FORGE FINANCIAL & MANAGEMENT CONSULTING
Mission
WILLIAM PENN UNIVERSITY PROVIDES THE OPPORTUNITY FOR AN EDUCATIONAL EXPERIENCE WITH A FOCUS ON LEADERSHIP, TECHNOLOGY, AND THE QUAKER PRINCIPLES OF SIMPLICITY, PEACE-MAKING, INTERGRITY, COMMUNITY AND EQUALITY.
Program accomplishments
- INSTRUCTION AND ACADEMIC SUPPORT PROVIDED TO 1,568 FULL AND PART-TIME STUDENTS. ALSO PROVIDED SCHOLARSHIPS AND GRANTS TO STUDENTS.Expenses $30,057,709 · grants $20,638,777 · revenue $35,753,203
- QUALITY FOOD SERVICES PROVIDED AT REASONABLE COST TO STUDENTS, FACULTY AND STAFF. SUPPORT AND MAINTENANCE OF STUDENT DORMITORIES ON CAMPUS, INCLUDING STAFFING RESIDENT ADVISORS AND VENDING SERVICES FOR STUDENTS.Expenses $5,480,924 · revenue $5,258,501
- STUDENTS SERVICES, INCLUDING STUDENT DEVELOPMENT, ACADEMIC AND CAREER COUNSELING, INTERCOLLEGIATE ATHLETICS, FINANCIAL ASSISTANCE AND OTHER SERVICES, WAS PROVIDED TO 1,568 FULL AND PART TIME STUDENTS. COST OF SALES, SUPPORT AND MAINTENANCE OF CAMPUS BOOKSTORE FOR STUDENTS, FACULTY AND STAFF.Expenses $9,316,084 · revenue $114,643
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 42-0707120
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- School
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1939
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B430)
- Assets (IRS master file)
- $86,215,453
- Income (IRS master file)
- $51,534,375
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $51,407,341 | $49,285,425 | $86,215,453 | IRS |
| 990-T | June 2025 | – | – | – | IRS |
| 990 | June 2024 | $51,277,637 | $51,517,863 | $84,983,218 | IRS |
| 990-T | June 2024 | – | – | – | IRS |
| 990 | June 2023 | $51,668,305 | $48,331,876 | $82,522,880 | XML |
| 990-T | June 2023 | – | – | – | IRS |
| 990 | June 2022 | $45,582,134 | $43,858,725 | $78,771,952 | IRS |
| 990-T | June 2022 | – | – | – | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990-T | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 42-0707120).
Questions about WILLIAM PENN UNIVERSITY
- What is the EIN of WILLIAM PENN UNIVERSITY?
- The employer identification number (EIN) of WILLIAM PENN UNIVERSITY is 42-0707120.
- Is WILLIAM PENN UNIVERSITY tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1939.
- Are donations to WILLIAM PENN UNIVERSITY tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does WILLIAM PENN UNIVERSITY file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of WILLIAM PENN UNIVERSITY due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did WILLIAM PENN UNIVERSITY last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of WILLIAM PENN UNIVERSITY?
- The 990 for the year ended June 30, 2025 names BONNIE L JOHNSON.
- Who are the officers and directors of WILLIAM PENN UNIVERSITY?
- The 990 for the year ended June 30, 2025 lists 24 people; 4 received compensation from the organization, the highest $237,853 (JOHN OTTOSSON, PRESIDENT).
- How much revenue does WILLIAM PENN UNIVERSITY have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $51,407,341, expenses of $49,285,425 and total assets of $86,215,453 at year end.
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