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Indiana Wesleyan University

Public charityFed auditsIRS 990
DBA: % JEFF RAYIS
Other · MARION, IN · EIN 35-0885591

Federal Audit History

Single audits filed with the Federal Audit Clearinghouse
$118.4M in federal awards expended in FY2025
YearFederal $ expendedAuditorOpinionFlags
2025$118.4MForvis Mazars, LLPUnmodified (clean)Low-risk auditee
2024$107.5MForvis Mazars, LLPUnmodified (clean)Low-risk auditee
2023$103.0MForvis, LLPUnmodified (clean)
2022$124.4MForvis, LLPUnmodified (clean)

Federal Programs

Top programs · FY2025
ProgramAgencyExpendedMajor programFindings
Federal Direct Student LoansEducation$85.7MYes0
Federal PELL Grant ProgramEducation$26.3MYes0
Nurse Faculty Loan Program (nflp)HHS$2.4MYes0
Federal Supplemental Educational Opportunity GrantsEducation$902KYes0
Federal Work-Study ProgramEducation$624KYes0
TRIO Student Support ServicesEducation$357KNo0
Higher Education Institutional Aid
via Indiana State Board of Education
Education$331KNo0
Nurse Faculty Loan Program ARRAHHS$294KYes0
Mental and Behavioral Health Education and Training GrantsHHS$282KNo0
Federal Perkins Loan ProgramEducation$278KYes0
Source: Federal Audit Clearinghouse single audits (required of organizations expending $1,000,000+ in federal awards per year for fiscal years beginning on or after Oct 1, 2024; $750,000 before).