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SCHEDULE N
(Form 990)

Department of the Treasury
Internal Revenue Service
Liquidation, Termination, Dissolution, or Significant Disposition of Assets
Right arrow Complete if the organization answered "Yes" on Form 990, Part IV, lines 31 or 32; or Form 990-EZ, line 36.
Right arrow Attach certified copies of any articles of dissolution, resolutions, or plans.
Right arrow Attach to Form 990 or 990-EZ.
Right arrow Go to www.irs.gov/Form990 for the latest information.
OMB No. 1545-0047
2022
Open to Public
Inspection
Name of the organization
WGU Corporation
 
Employer identification number
84-1383926
Part I
Liquidation, Termination, or Dissolution. Complete this part if the organization answered "Yes" on Form 990, Part IV, line 31, or Form 990-EZ, line 36. Part I can be duplicated if additional space is needed.
1(a) Description of asset(s)
distributed or transaction
expenses paid 		(b) Date of
distribution 		(c) Fair market value of
asset(s) distributed or
amount of transaction
expenses 		(d) Method of
determining FMV for
asset(s) distributed or
transaction expenses 		(e) EIN of recipient (f) Name and address of recipient (g) IRC section
of recipient(s) (if
tax-exempt) or type
of entity
Yes
No
2
Did or will any officer, director, trustee, or key employee of the organization:
a
Become a director or trustee of a successor or transferee organization? ...........................
2a
 
 
b
Become an employee of, or independent contractor for, a successor or transferee organization? .....................
2b
 
 
c
Become a direct or indirect owner of a successor or transferee organization? .....................
2c
 
 
d
Receive, or become entitled to, compensation or other similar payments as a result of the organization's liquidation, termination, or dissolution? ........
2d
 
 
e
If the organization answered "Yes" to any of the questions on lines 2a through 2d, provide the name of the person involved and explain in Part III. Right arrow
For Paperwork Reduction Act Notice, see the Instructions for Form 990.
Cat. No. 50087Z
Schedule N (Form 990) (2022)
Page 2

Schedule N (Form 990) (2022)
Page 2
Part I
Liquidation, Termination, or Dissolution (continued)
Note. If the organization distributed all of its assets during the tax year, then Form 990, Part X, column (B), line 16 (Total assets), and line 26 (Total liabilities), should equal -0-.
Yes
No
3
Did the organization distribute its assets in accordance with its governing instrument(s)? If "No," describe in Part III .............
3
 
 
4a
Is the organization required to notify the attorney general or other appropriate state official of its intent to dissolve, liquidate, or terminate? ......
4a
 
 
b
If "Yes," did the organization provide such notice? .....................
4b
 
 
5
Did the organization discharge or pay all of its liabilities in accordance with state laws? .....................
5
 
 
6a
Did the organization have any tax-exempt bonds outstanding during the year? .....................
6a
 
 
b
If "Yes" on line 6a, did the organization discharge or defease all of its tax-exempt bond liabilities during the tax year in accordance with the Internal Revenue Code and state laws?
6b
 
 
c
If "Yes" on line 6b, describe in Part III how the organization defeased or otherwise settled these liabilities. If "No" on line 6b, explain in Part III.

Part II
Sale, Exchange, Disposition, or Other Transfer of More Than 25% of the Organization's Assets. Complete this part if the organization answered "Yes" on Form 990, Part IV, line 32, or Form 990-EZ, line 36. Part II can be duplicated if additional space is needed.
1(a) Description of asset(s)
distributed or transaction
expenses paid 		(b) Date of
distribution 		(c) Fair market value of
asset(s) distributed or
amount of transaction
expenses 		(d) Method of
determining FMV for
asset(s) distributed or
transaction expenses 		(e) EIN of recipient (f) Name and address of recipient (g) IRC section
of recipient(s) (if
tax-exempt) or type
of entity
Student Receivables 01-01-2023 48,294,303 book value 47-4365018 Western Governors University
4001 S 700 E Ste 700
SLC,UT84107 		501(c)(3)
Pledge Receivables 01-01-2023 5,600,992 book value 47-4365018 Western Governors University
4001 S 700 E Ste 700
SLC,UT84107 		501(c)(3)
Investments 01-01-2023 320,731 broker statement 47-4365018 Western Governors University
4001 S 700 E Ste 700
SLC,UT84107 		501(c)(3)
Fixed assets 01-01-2023 6,600,730 book value 47-4365018 Western Governors University
4001 S 700 E Ste 700
SLC,UT84107 		501(c)(3)
Capitalized program development costs 01-01-2023 4,218,588 book value 47-4365018 Western Governors University
4001 S 700 E Ste 700
SLC,UT84107 		501(c)(3)
Prepaids 01-01-2023 5,709,311 book value 47-4365018 Western Governors University
4001 S 700 E Ste 700
SLC,UT84107 		501(c)(3)
Yes
No
2
Did or will any officer, director, trustee, or key employee of the organization:
a
Become a director or trustee of a successor or transferee organization? .........................
2a
 
 
b
Become an employee of, or independent contractor for, a successor or transferee organization? .....................
2b
 
 
c
Become a direct or indirect owner of a successor or transferee organization? .....................
2c
 
 
d
Receive, or become entitled to, compensation or other similar payments as a result of the organization's significant disposition of assets? ........
2d
 
 
e
If the organization answered "Yes" to any of the questions on lines 2a through 2d, provide the name of the person involved and explain in Part III. Right arrow
For Paperwork Reduction Act Notice, see the Instructions for Form 990.
Cat. No. 50087Z
Schedule N (Form 990) (2022)

Page 3
Schedule N (Form 990) (2022)
Page 3
Part III
Supplemental Information. Provide the information required by Part I, lines 2e and 6c, and Part II, line 2e. Also complete this part to provide any additional information.
Return Reference Explanation
SCHEDULE N, PART II, LINE 2A: ON JANUARY 1, 2023 THE ENTITIES PREVIOUSLY KNOWN AS WESTERN GOVERNORS UNIVERSITY AND THE CORPORATION OF WESTERN GOVERNORS UNIVERSITY WERE RE STRUCTURED TO STREAMLINE BOARD-LEVEL GOVERNANCE, SUCH THAT THE ENTITY PREVIOUSLY KNOWN AS THE CORPORATION OF WESTERN GOVERNORS UNIVERSITY BECAME THE UNIVERSITY, WHILE THE ENTITY PREVIOUSLY KNOWN AS WESTERN GOVERNORS UNIVERSITY BECAME A SUPPORTIVE, ADMINISTRATIVE PARENT OF THE UNIVERSITY AND OTHER RELATED ENTITIES. TO THIS END, THE ENTITY PREVIOUSLY KNOWN AS WESTERN GOVERNORS UNIVERSITY WAS RENAMED TO "WGU CORPORATION", WHILE THE ENTITY PREVIOUSLY KNOWN AS THE CORPORATION OF WESTERN GOVERNORS UNIVERSITY WAS RENAMED TO "WESTERN GOVERNORS UNIVERSITY". THIS RE-STRUCTURING INVOLVED THE TRANSFER OF EMPLOYEES BETWEEN THE TWO ENTITIES AND CERTAIN TRUSTEES OF WGU CORPORATION BECOMING TRUSTEES OF THE NEW WESTERN GOVERNORS UNIVERSITY. IN ADDITION, TO EFFECT A TRANSFER OF OPERATIONS BETWEEN THE TWO ENTITIES, ASSETS WERE SOLD AND LIABILITIES WERE TRANSFERRED.
Schedule N (Form 990) (2022)



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