Totals
- Total revenue
- $91,298,028
- Total expenses
- $82,464,398
- Contributions and grants received
- $9,992,946
- Grants paid
- $27,879,285
- Program service revenue
- $73,687,295
- Investment income
- $4,003,713
- Other revenue
- $3,614,074
- Total assets, end of year
- $151,459,933
- Total liabilities, end of year
- $27,639,322
- Net assets or fund balances, end of year
- $123,820,611
- Program services expenses (Part IX)
- $72,986,715
- Management and general expenses
- $8,609,164
- Fundraising expenses
- $868,519
- Program service expenses (Part III)
- $72,986,715
Program services were 88.5% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1a · Federated campaigns
$0
-
1b · Membership dues
$0
-
1c · Fundraising events
$60,117
-
1d · Related organizations
$0
-
1e · Government grants (contributions)
$4,785,124
-
1f · All other contributions, gifts and grants
$5,147,705
-
1g · Noncash contributions included above
$627,215
-
2a · Program service revenue: TUITION AND FEES
total $62,952,461 · related or exempt $62,952,461 · unrelated business $0 · excluded $0
-
2b · Program service revenue: DORM REVENUES
total $6,541,687 · related or exempt $6,541,687 · unrelated business $0 · excluded $0
-
2c · Program service revenue: BOARD REVENUES
total $3,927,498 · related or exempt $3,927,498 · unrelated business $0 · excluded $0
-
2d · Program service revenue: OTHER AUXILIARY REVENUES
total $265,649 · related or exempt $265,649 · unrelated business $0 · excluded $0
-
2e · Program service revenue
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
2f · All other program service revenue
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
3 · Investment income
total $2,170,528 · related or exempt $0 · unrelated business $0 · excluded $2,170,528
-
4 · Income from investment of tax-exempt bond proceeds
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
5 · Royalties
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
6a · Gross rents
real property $0 · personal property $0
-
6b · Less rental expenses
real property $0 · personal property $0
-
6c · Rental income or loss
real property $0 · personal property $0
-
6d · Net rental income or loss
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
7a · Gross sales of assets other than inventory
securities $26,585,361 · other assets $6,983
-
7b · Less cost or other basis and sales expenses
securities $24,681,598 · other assets $77,561
-
7c · Gain or loss
securities $1,903,763 · other assets -$70,578
-
7d · Net gain or loss
total $1,833,185 · related or exempt $0 · unrelated business $0 · excluded $1,833,185
-
8a · Fundraising events: gross income
$14,387
-
8a · Fundraising events: contributions included on line 1c
$60,117
-
8b · Fundraising events: direct expenses
$49,231
-
8c · Net income from fundraising events
total -$34,844 · unrelated business $0 · excluded -$34,844
-
9a · Gaming: gross income
$0
-
9b · Gaming: direct expenses
$0
-
9c · Net income from gaming
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
10a · Gross sales of inventory
$0
-
10b · Cost of goods sold
$0
-
10c · Net income from sales of inventory
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
11a · Other revenue: OTHER INCOME
total $3,648,918 · related or exempt $0 · unrelated business $0 · excluded $3,648,918
-
11d · All other revenue
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
11e · Other revenue, total
$3,648,918
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $0 · program services $0
-
2 · Grants to domestic individuals
total $27,879,285 · program services $27,879,285
-
3 · Grants to foreign organizations and individuals
total $0 · program services $0
-
4 · Benefits paid to or for members
total $0 · program services $0
-
5 · Compensation of officers, directors and key employees
total $2,091,588 · program services $792,826 · management and general $1,151,970 · fundraising $146,792
-
6 · Compensation of disqualified persons
total $0 · program services $0 · management and general $0 · fundraising $0
-
7 · Other salaries and wages
total $25,802,688 · program services $22,706,879 · management and general $2,759,142 · fundraising $336,667
-
8 · Pension plan contributions
total $661,558 · program services $553,189 · management and general $96,051 · fundraising $12,318
-
9 · Other employee benefits
total $3,196,107 · program services $2,671,945 · management and general $467,291 · fundraising $56,871
-
10 · Payroll taxes
total $1,957,564 · program services $1,653,121 · management and general $270,314 · fundraising $34,129
-
11a · Fees: management
total $0 · program services $0 · management and general $0 · fundraising $0
-
11b · Fees: legal
total $296,475 · program services $13,900 · management and general $282,575 · fundraising $0
-
11c · Fees: accounting
total $88,923 · program services $0 · management and general $88,923 · fundraising $0
-
11d · Fees: lobbying
total $44,444 · program services $0 · management and general $44,444 · fundraising $0
-
11e · Fees: professional fundraising services
total $0 · fundraising $0
-
11f · Fees: investment management
total $192,122 · program services $0 · management and general $192,122 · fundraising $0
-
11g · Fees: other
total $1,013,826 · program services $735,875 · management and general $274,874 · fundraising $3,077
-
12 · Advertising and promotion
total $262,262 · program services $106,936 · management and general $149,676 · fundraising $5,650
-
13 · Office expenses
total $282,517 · program services $178,579 · management and general $1,457 · fundraising $102,481
-
14 · Information technology
total $1,391,720 · program services $209,639 · management and general $1,128,557 · fundraising $53,524
-
15 · Royalties
total $0 · program services $0 · management and general $0 · fundraising $0
-
16 · Occupancy
total $5,103,497 · program services $4,759,154 · management and general $325,273 · fundraising $19,070
-
17 · Travel
total $1,225,961 · program services $1,135,397 · management and general $42,787 · fundraising $47,777
-
18 · Travel or entertainment for public officials
total $0 · program services $0 · management and general $0 · fundraising $0
-
19 · Conferences, conventions and meetings
total $68,370 · program services $58,007 · management and general $8,471 · fundraising $1,892
-
20 · Interest
total $6,576 · program services $6,381 · management and general $170 · fundraising $25
-
21 · Payments to affiliates
total $0 · program services $0 · management and general $0 · fundraising $0
-
22 · Depreciation, depletion and amortization
total $4,129,434 · program services $3,546,778 · management and general $574,134 · fundraising $8,522
-
23 · Insurance
total $502,863 · program services $322,196 · management and general $179,674 · fundraising $993
-
24a · Other expenses: FOOD SERVICE CONTRACT
total $2,647,279 · program services $2,647,279 · management and general $0 · fundraising $0
-
24b · Other expenses: EQUIPMENT RENTAL AND REPAIR
total $1,042,567 · program services $1,002,346 · management and general $33,586 · fundraising $6,635
-
24c · Other expenses: SUPPLIES
total $1,005,988 · program services $938,572 · management and general $62,783 · fundraising $4,633
-
24d · Other expenses: DUES AND MEMBERSHIPS
total $679,017 · program services $586,649 · management and general $79,582 · fundraising $12,786
-
24e · All other expenses
total $891,767 · program services $481,782 · management and general $395,308 · fundraising $14,677
-
26 · Joint costs (an allocation of the lines above)
total $0 · program services $0 · management and general $0 · fundraising $0
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $10,861 · end of year $8,796
-
2 · Savings and temporary cash investments
beginning of year $11,282,642 · end of year $15,489,026
-
3 · Pledges and grants receivable
beginning of year $4,424,022 · end of year $2,872,569
-
4 · Accounts receivable
beginning of year $1,623,196 · end of year $3,667,187
-
5 · Loans and receivables from officers and key people
beginning of year $0 · end of year $0
-
6 · Loans and receivables from disqualified persons
beginning of year $0 · end of year $0
-
7 · Other notes and loans receivable
beginning of year $0 · end of year $0
-
8 · Inventories for sale or use
beginning of year $19,487 · end of year $26,386
-
9 · Prepaid expenses and deferred charges
beginning of year $288,218 · end of year $215,375
-
10a · Land, buildings and equipment: cost or other basis
$145,840,228
-
10b · Land, buildings and equipment: accumulated depreciation
$66,349,808
-
10c · Land, buildings and equipment, net
beginning of year $76,010,985 · end of year $79,490,420
-
11 · Investments: publicly traded securities
beginning of year $49,221,635 · end of year $49,250,916
-
12 · Investments: other securities
beginning of year $0
-
13 · Investments: program-related
beginning of year $273,390 · end of year $159,078
-
14 · Intangible assets
beginning of year $0 · end of year $0
-
15 · Other assets
beginning of year $320,906 · end of year $280,180
-
17 · Accounts payable and accrued expenses
beginning of year $2,635,942 · end of year $3,349,671
-
18 · Grants payable
beginning of year $0 · end of year $0
-
19 · Deferred revenue
beginning of year $4,276,996 · end of year $2,860,065
-
20 · Tax-exempt bond liabilities
beginning of year $22,942,829 · end of year $20,602,280
-
21 · Escrow or custodial account liability
beginning of year $95,256 · end of year $91,908
-
22 · Loans and payables to officers and key people
beginning of year $0 · end of year $0
-
23 · Secured mortgages and notes payable
beginning of year $0 · end of year $0
-
24 · Unsecured notes and loans payable
beginning of year $0 · end of year $0
-
25 · Other liabilities
beginning of year $734,192 · end of year $735,398
-
27 · Net assets without donor restrictions
beginning of year $71,032,405 · end of year $76,179,352
-
28 · Net assets with donor restrictions
beginning of year $41,757,722 · end of year $47,641,259
Mission and programs · 2024
Mission
THE PURPOSE OF METHODIST UNIVERSITY IS TO PROVIDE AN UNDERGRADUATE AND GRADUATE EDUCATION FIRMLY GROUNDED IN THE LIBERAL ARTS TRADITION, THAT NURTURES MORAL VALUES & ETHICAL DECISION-MAKING; TO PROVIDE DISTINCTIVE PROFESSIONAL & GRADUATE PROGRAMS THAT COMPLEMENT THE EDUCATIONAL PURSUITS.
Activities or mission (Part I)
UNDERGRADUATE AND GRADUATE EDUCATION
-
POST SECONDARY EDUCATION: METHODIST UNIVERSITY PROVIDES BOTH UNDERGRADUATE AND GRADUATE EDUCATION, FOUNDED IN LIBERAL ARTS, TO APPROXIMATELY 1,800 STUDENTS. THE UNIVERSITY'S PROGRAMS ARE CONCENTRATED IN ARTS & HUMANITIES, SCIENCE & HUMAN DEVELOPMENT, BUSINESS & GRADUATE STUDIES, AND BOAST NATIONALLY RENOWNED PROGRAMS SUCH AS THE PHYSICIAN ASSISTANCE PROGRAM. THE UNIVERSITY IS A FULLY-ACCREDITED MEMBER OF THE SOUTHERN ASSOCIATION OF COLLEGES & SCHOOLS COMMISSION ON COLLEGES.
Expenses $63,870,625 · Grants $27,879,285 · Revenue $62,952,461
-
AUXILIARY SERVICES: THE UNIVERSITY'S AUXILIARY ENTERPRISES, INCLUDING RESIDENCE HALLS, DINING FACILITIES, AND A BOOKSTORE, SERVE TO PROVIDE A SUPPORT SYSTEM TO THE STUDENTS.
Expenses $9,116,090 · Revenue $10,734,834
As filed on the 2024 return.
Listed in Part VII
-
Dr Rakesh GuptaDR RAKESH GUPTA
CHAIR OF THE BOARD
- Total calculated
- $0
- Hours/week
- 1
-
Mr Timothy S RichardsonMR TIMOTHY S RICHARDSON
VICE-CHAIR OF THE BOARD
- Total calculated
- $0
- Hours/week
- 1
-
Mrs Jennifer Cleveland ElamMRS JENNIFER CLEVELAND ELAM
SECRETARY OF THE BOARD
- Total calculated
- $0
- Hours/week
- 1
-
The Honorable John W BrownTHE HONORABLE JOHN W BROWN
TREASURER OF THE BOARD
- Total calculated
- $0
- Hours/week
- 1
-
Dr Mary Lynn BryanDR MARY LYNN BRYAN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Dr William SchaeferDR WILLIAM SCHAEFER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Mr Andrew ShuckMR ANDREW SHUCK
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Mr Charles B HolmesMR CHARLES B HOLMES
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Mr D Keith AllisonMR D KEITH ALLISON
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Mr Earl D LeakeMR EARL D LEAKE
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Mr Elton StanleyMR ELTON STANLEY
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Mr Ira M Steingold EsqMR IRA M STEINGOLD ESQ
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Mr J Daniel Highsmith SrMR J DANIEL HIGHSMITH SR
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Mr John Mac HealyMR JOHN MAC HEALY
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Mr John W Jay Wyatt IIIMR JOHN W JAY WYATT III
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Mr Peter M BroomeMR PETER M BROOME
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Mr Robert HinesMR ROBERT HINES
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Mr Scott W WeathingtonMR SCOTT W WEATHINGTON
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Mr Walson MetzgerMR WALSON METZGER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Mr William R West SrMR WILLIAM R WEST SR
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Mrs Jo Beth JohnsonMRS JO BETH JOHNSON
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Ms Margaret Highsmith DicksonMS MARGARET HIGHSMITH DICKSON
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Rev Gilliam P Gil WiseREV GILLIAM P GIL WISE
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
David R EavensonDAVID R EAVENSON
VP FOR ATHLETICS
- Total calculated
- $108,377
- From this org
- $103,430
- From related orgs
- $0
- Other
- $4,947
- Hours/week
- 40
-
Dawn F AusbornDAWN F AUSBORN
CHIEF FINANCIAL OFFICER
- Total calculated
- $189,629
- From this org
- $175,516
- From related orgs
- $0
- Other
- $14,113
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $175,516
- Bonus
- $0
- Other
- $0
- Deferred
- $5,477
- Nontaxable benefits
- $8,636
- Filer's total
- $189,629
-
Jason GreeneJASON GREENE
CHIEF INFORMATION OFFICER
- Total calculated
- $223,292
- From this org
- $205,001
- From related orgs
- $0
- Other
- $18,291
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $205,001
- Bonus
- $0
- Other
- $0
- Deferred
- $2,200
- Nontaxable benefits
- $16,091
- Filer's total
- $223,292
-
Kelli W TaylorKELLI W TAYLOR
VP MISSION INTEGRATION
- Total calculated
- $127,303
- From this org
- $109,842
- From related orgs
- $0
- Other
- $17,461
- Hours/week
- 40
-
Richard G SwansonRICHARD G SWANSON
VP INST ADVANCEMENT
- Total calculated
- $228,100
- From this org
- $211,679
- From related orgs
- $0
- Other
- $16,421
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $211,679
- Bonus
- $0
- Other
- $0
- Deferred
- $6,304
- Nontaxable benefits
- $10,117
- Filer's total
- $228,100
-
Ricky D LoweRICKY D LOWE
VP ENROLLMENT SERVICES
- Total calculated
- $152,621
- From this org
- $147,246
- From related orgs
- $0
- Other
- $5,375
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $147,246
- Bonus
- $0
- Other
- $0
- Deferred
- $4,406
- Nontaxable benefits
- $969
- Filer's total
- $152,621
-
Sheila C KinseySHEILA C KINSEY
VP PLAN&ADMIN / CHIEF OF STAFF
- Total calculated
- $193,710
- From this org
- $161,990
- From related orgs
- $0
- Other
- $31,720
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $161,990
- Bonus
- $0
- Other
- $0
- Deferred
- $5,580
- Nontaxable benefits
- $26,140
- Filer's total
- $193,710
-
Stanley WeardenSTANLEY WEARDEN
PRESIDENT
- Total calculated
- $389,021
- From this org
- $372,544
- From related orgs
- $0
- Other
- $16,477
- Hours/week
- 40 + 1 related
Schedule J breakdown matched by us
- Base
- $372,544
- Bonus
- $0
- Other
- $0
- Deferred
- $9,440
- Nontaxable benefits
- $7,037
- Filer's total
- $389,021
-
Suzanne B MalleySUZANNE B MALLEY
PROVOST
- Total calculated
- $263,363
- From this org
- $250,264
- From related orgs
- $0
- Other
- $13,099
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $250,264
- Bonus
- $0
- Other
- $0
- Deferred
- $7,641
- Nontaxable benefits
- $5,458
- Filer's total
- $263,363
-
William H WalkerWILLIAM H WALKER
VP STUDENT AFFAIRS
- Total calculated
- $137,525
- From this org
- $124,855
- From related orgs
- $0
- Other
- $12,670
- Hours/week
- 40
-
April MartinAPRIL MARTIN
DIR OF PA STUDIES & ASST PROF
- Total calculated
- $162,742
- From this org
- $150,523
- From related orgs
- $0
- Other
- $12,219
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $150,523
- Bonus
- $0
- Other
- $0
- Deferred
- $2,400
- Nontaxable benefits
- $9,819
- Filer's total
- $162,742
-
Jerlinda RossJERLINDA ROSS
CHAIR & ASSOC PROF HEALTH SYSTEM SCIENCE
- Total calculated
- $145,825
- From this org
- $140,789
- From related orgs
- $0
- Other
- $5,036
- Hours/week
- 40
-
Meredith P GronskiMEREDITH P GRONSKI
DEAN COLLEGE HEALTH & HUMAN SCIENCES
- Total calculated
- $156,564
- From this org
- $140,955
- From related orgs
- $0
- Other
- $15,609
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $140,955
- Bonus
- $0
- Other
- $0
- Deferred
- $4,554
- Nontaxable benefits
- $11,055
- Filer's total
- $156,564
-
Richard S Lee IVRICHARD S LEE IV
CHIEF FACILITIES OFFICER
- Total calculated
- $145,535
- From this org
- $135,128
- From related orgs
- $0
- Other
- $10,407
- Hours/week
- 40
-
Tat W ChanTAT W CHAN
DEAN COLLEGE BUSINESS
- Total calculated
- $145,944
- From this org
- $141,716
- From related orgs
- $0
- Other
- $4,228
- Hours/week
- 40
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
- 1a · Housing allowance or residence for personal use
- 1a · Personal services (maid, chauffeur, chef)
- 1b · Written policy on the line-1a expenses
- 2 · Substantiation required before reimbursing expenses
- 3 · Compensation committee
- 3 · Form 990 of other organizations
- 3 · Compensation survey or study
- 3 · Approval by the board or compensation committee
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
The filer's explanations (Part III)
- Schedule J, Part I, Line 1a Housing allowance or residence for personal use
- THE UNIVERSITY MAINTAINS A RESIDENTIAL HOME ON CAMPUS WHERE THE PRESIDENT LIVES AS A CONDITION OF EMPLOYMENT.
- Schedule J, Part I, Line 1a Personal services
- THE UNIVERSITY PROVIDES PERSONAL SERVICES OF LIGHT HOUSEKEEPING, PERFORMED BY THE UNIVERSITY'S JANITORIAL STAFF AT THE RESIDENCE OF THE PRESIDENT.
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
No itemized grants to organizations on this return.
Related organizations on this return
Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.
-
METHODIST UNIVERSITY CAPE FEAR VALLEY HEALTH SCHOOL OF MEDICINE
501(c)(3) · EDUCATIONAL · NC · controlled entity
Directly controlled by METHODIST UNIVERSITY
Taxable family on this return
Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.
Related corporations and trusts
Part IV: related organizations taxable as a corporation or trust.
-
METHODIST UNIVERSITY DEVELOPMENT CORPORATION
C Corporation · REAL ESTATE DEVELOPMENT · NC · 100% owned · share of income $294,068 · share of assets $2,876,128 · controlled entity
Directly controlled by METHODIST UNIVERSITY
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 14 May 2026
- IRS schema version
- 2024v5.1
- Source object
- 202611349349305541
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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