Totals
- Total revenue
- $171,362,354
- Total expenses
- $157,540,405
- Contributions and grants received
- $20,386,798
- Grants paid
- $61,785,817
- Program service revenue
- $127,592,049
- Investment income
- $23,330,557
- Other revenue
- $52,950
- Total assets, end of year
- $761,005,885
- Total liabilities, end of year
- $125,626,073
- Net assets or fund balances, end of year
- $635,379,812
- Program services expenses (Part IX)
- $142,498,119
- Management and general expenses
- $12,768,889
- Fundraising expenses
- $2,273,397
- Program service expenses (Part III)
- $142,498,119
Program services were 90.5% 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.
-
1c · Fundraising events
$60,007
-
1e · Government grants (contributions)
$303,032
-
1f · All other contributions, gifts and grants
$20,023,759
-
1g · Noncash contributions included above
$1,076,809
-
2a · Program service revenue: TUITION
total $97,546,749 · related or exempt $97,546,749
-
2b · Program service revenue: AUXILIARY - ROOM AND BOARD
total $24,780,828 · related or exempt $24,780,828
-
2c · Program service revenue: ATHLETIC PROGRAM REVENUE
total $2,807,239 · related or exempt $2,807,239
-
2d · Program service revenue: CAMP REVENUE
total $385,447 · related or exempt $385,447
-
2e · Program service revenue: BOOKSTORE
total $123,048 · related or exempt $123,048
-
2f · All other program service revenue
total $1,948,738 · related or exempt $1,948,738
-
3 · Investment income
total $7,874,096 · unrelated business $89,855 · excluded $7,784,241
-
6a · Gross rents
real property $52,950
-
6b · Less rental expenses
real property $0
-
6c · Rental income or loss
real property $52,950
-
6d · Net rental income or loss
total $52,950 · excluded $52,950
-
7a · Gross sales of assets other than inventory
securities $145,336,140
-
7b · Less cost or other basis and sales expenses
securities $129,879,679
-
7c · Gain or loss
securities $15,456,461
-
7d · Net gain or loss
total $15,456,461 · excluded $15,456,461
-
8a · Fundraising events: gross income
$19,075
-
8a · Fundraising events: contributions included on line 1c
$60,007
-
8b · Fundraising events: direct expenses
$19,075
-
8c · Net income from fundraising events
total $0
Functional expenses
Part IX, the statement of functional expenses.
-
2 · Grants to domestic individuals
total $61,785,817 · program services $61,785,817
-
5 · Compensation of officers, directors and key employees
total $986,832 · program services $609,576 · management and general $377,256
-
7 · Other salaries and wages
total $34,512,971 · program services $29,801,033 · management and general $3,288,687 · fundraising $1,423,251
-
8 · Pension plan contributions
total $2,880,497 · program services $2,463,969 · management and general $285,596 · fundraising $130,932
-
9 · Other employee benefits
total $7,272,854 · program services $6,285,589 · management and general $716,599 · fundraising $270,666
-
10 · Payroll taxes
total $1,986,205 · program services $1,703,333 · management and general $202,996 · fundraising $79,876
-
11b · Fees: legal
total $30,405 · management and general $30,405
-
11c · Fees: accounting
total $194,665 · management and general $194,665
-
11f · Fees: investment management
total $2,738,513 · management and general $2,738,513
-
11g · Fees: other
total $1,724,994 · program services $1,049,407 · management and general $631,274 · fundraising $44,313
-
13 · Office expenses
total $4,270,683 · program services $3,489,509 · management and general $717,447 · fundraising $63,727
-
14 · Information technology
total $1,431,751 · program services $1,084,757 · management and general $291,890 · fundraising $55,104
-
16 · Occupancy
total $5,887,634 · program services $5,732,480 · management and general $155,154
-
17 · Travel
total $2,848,751 · program services $2,589,676 · management and general $173,165 · fundraising $85,910
-
20 · Interest
total $3,202,243 · program services $3,113,174 · management and general $89,069
-
22 · Depreciation, depletion and amortization
total $10,877,546 · program services $10,553,355 · management and general $324,191
-
23 · Insurance
total $1,120,188 · program services $289,428 · management and general $830,760
-
24a · Other expenses: FOOD SERVICES
total $6,488,385 · program services $6,488,385
-
24b · Other expenses: HOSPITALITY
total $1,927,530 · program services $1,369,491 · management and general $458,346 · fundraising $99,693
-
24c · Other expenses: ATHLETICS
total $838,159 · program services $837,910 · management and general $249
-
24d · Other expenses: BOOKS/PERIODICALS
total $742,518 · program services $742,518
-
24e · All other expenses
total $3,791,264 · program services $2,508,712 · management and general $1,262,627 · fundraising $19,925
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $5,512,944 · end of year $6,733,555
-
2 · Savings and temporary cash investments
beginning of year $914,893 · end of year $25,458,572
-
3 · Pledges and grants receivable
beginning of year $7,526,672 · end of year $14,263,601
-
4 · Accounts receivable
beginning of year $2,370,797 · end of year $1,908,010
-
9 · Prepaid expenses and deferred charges
beginning of year $1,647,382 · end of year $1,820,911
-
10a · Land, buildings and equipment: cost or other basis
$424,248,364
-
10b · Land, buildings and equipment: accumulated depreciation
$180,347,269
-
10c · Land, buildings and equipment, net
beginning of year $244,837,228 · end of year $243,901,095
-
11 · Investments: publicly traded securities
beginning of year $102,278,372 · end of year $112,473,024
-
12 · Investments: other securities
beginning of year $308,046,446 · end of year $347,081,165
-
13 · Investments: program-related
beginning of year $13,790
-
15 · Other assets
beginning of year $7,823,623 · end of year $7,365,952
-
17 · Accounts payable and accrued expenses
beginning of year $6,187,933 · end of year $6,234,272
-
19 · Deferred revenue
beginning of year $12,574,470 · end of year $11,772,344
-
20 · Tax-exempt bond liabilities
beginning of year $64,138,584 · end of year $93,527,657
-
23 · Secured mortgages and notes payable
beginning of year $5,682,000 · end of year $7,000,000
-
25 · Other liabilities
beginning of year $8,653,598 · end of year $7,091,800
-
27 · Net assets without donor restrictions
beginning of year $150,536,356 · end of year $149,500,294
-
28 · Net assets with donor restrictions
beginning of year $433,199,206 · end of year $485,879,518
Mission and programs · 2023
Mission
THE PURPOSE OF WOFFORD COLLEGE IS TO FUNCTION AS A LIBERAL ARTS INSTITUTION OF SUPERIOR QUALITY. ITS CHIEF CONCERN IS THE DEVELOPMENT OF AN INTELLECTUAL, SPIRITUAL, AND AESTHETIC ATMOSPHERE IN WHICH SERIOUS AND INQUIRING MINDS OF STUDENTS AND FACULTY ALIKE WILL BE CHALLENGED TO A COMMON SEARCH FOR TRUTH AND FREEDOM, WHEREVER THAT SEARCH MAY LEAD, AND IN WHICH EACH PERSON MAY BECOME AWARE OF HIS OR HER OWN INDIVIDUAL WORTH, WHILE ASPIRING TO HIGH STANDARDS OF LEARNING AND MORALITY. IN SUCH AN ENVIRONMENT ALL MEMBERS OF THE WOFFORD COMMUNITY SHOULD DEVELOP INTELLECTUAL CURIOSITY, INDEPENDENCE OF THOUGHT, MATURITY OF JUDGMENT, SELF-DISCIPLINE, RELIGIOUS FAITH, AND MORAL CHARACTER SO THAT THEY WILL BE EVER SENSITIVE TO THE DUTIES AND RESPONSIBILITIES OF GOOD CITIZENSHIP AND RENDER EFFECTIVE LEADERSHIP AND GENEROUS SERVICE TO THE COMMUNITIES IN WHICH THEY LIVE. THIS CONCEPT OF LIBERAL EDUCATION IS IN HARMONY WITH THE IDEALS OF THE UNITED METHODIST CHURCH, TO WHICH THE COLLEGE IS RELATED.
Activities or mission (Part I)
THE PURPOSE OF WOFFORD COLLEGE IS TO FUNCTION AS A LIBERAL ARTS INSTITUTION OF SUPERIOR QUALITY.
-
THE COLLEGE PROVIDED A LIBERAL ARTS EDUCATION TO APPROXIMATELY 1,850 STUDENTS FOR THE 2023-24 ACADEMIC YEAR, GRADUATING APPROXIMATELY 380 STUDENTS WITH BA OR BS DEGREES. THE COLLEGE IS COMMITED TO AFFORDABILITY AND ACCESS TO STUDENTS OF ALL BACKGROUNDS. THE COLLEGE DISTRIBUTED IN EXCESS OF $61 MILLION IN FINANCIAL AID TO ASSIST STUDENTS IN MEETING THE FINANCIAL OBLIGATIONS OF ATTENDING THE INSTITUTION.
Expenses $90,109,527 · Grants $61,785,817 · Revenue $97,546,749
-
THE COLLEGE PROVIDED AUXILIARY SERVICES FOR THE CONVENIENCE OF STUDENTS, FACULTY, STAFF AND THE COMMUNITY. SUCH AUXILIARY ENTERPRISES INCLUDE STUDENT HOUSING, ATHLETICS, INTRAMURAL SPORTS, AND THE WELLNESS CENTER.
Expenses $52,388,592 · Revenue $30,045,300
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
CHRISTOPHER A P CARPENTER
BOARD CHAIR
- Total calculated
- $0
- Hours/week
- 2
-
ASHLEY RICHARDSON ALLEN
BOARD VICE CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
WILLIAM F MALAMBRI III
BOARD SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
RONALD A ANDREWS JR
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
JOHN E BAUKNIGHT IV
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
KATHERINE A CLOSE
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
R HOWARD COKER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
JUSTIN A CONVERSE
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
ENGLISH C FLACK
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
JIMMY I GIBBS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
B SHAWAN GILLIANS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
DAVID G JOHNSON
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
BLANDING U JONES
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
WADE P KEISLER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
TIMOTHY E MADDEN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
MONIQUE MCDOWELL
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
JODIE W MCLEAN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
JAMES C MEADORS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
CRAIG D MELVIN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
STEVEN W MUNGO
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
GREGORY A O'DELL
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
COSTA M PLEICONES
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
G MURRELL SMITH JR
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
JAMES L SWITZER JR
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
DOROTHY ACEE THOMAS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
ERIN M WATSON
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
JOSHUA S WHITLEY
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
WILLIAM H WILLIMON
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
LISA N YEBUAH
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
MARGARET G YOUNG
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
NAYEF SAMHAT
PRESIDENT
- Total calculated
- $839,498
- From this org
- $495,989
- From related orgs
- $0
- Other
- $343,509
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $495,989
- Bonus
- $0
- Other
- $0
- Deferred
- $299,500
- Nontaxable benefits
- $44,009
- Filer's total
- $839,498
-
CHRIS GARDNER
CHIEF FINANCIAL OFFICER
- Total calculated
- $228,996
- From this org
- $191,825
- From related orgs
- $0
- Other
- $37,171
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $191,825
- Bonus
- $0
- Other
- $0
- Deferred
- $20,133
- Nontaxable benefits
- $17,038
- Filer's total
- $228,996
-
TIMOTHY SCHMITZ
PROVOST
- Total calculated
- $193,847
- From this org
- $168,778
- From related orgs
- $0
- Other
- $25,069
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $168,778
- Bonus
- $0
- Other
- $0
- Deferred
- $17,170
- Nontaxable benefits
- $7,899
- Filer's total
- $193,847
-
STEVEN WATSON
HEAD FOOTBALL COACH
- Total calculated
- $325,611
- From this org
- $283,117
- From related orgs
- $0
- Other
- $42,494
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $283,117
- Bonus
- $0
- Other
- $0
- Deferred
- $28,785
- Nontaxable benefits
- $13,709
- Filer's total
- $325,611
-
CALHOUN KENNEDY
VP OF PHILANTHROPY & ENGAGEMENT
- Total calculated
- $252,222
- From this org
- $213,078
- From related orgs
- $0
- Other
- $39,144
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $213,078
- Bonus
- $0
- Other
- $0
- Deferred
- $22,058
- Nontaxable benefits
- $17,086
- Filer's total
- $252,222
-
DWIGHT PERRY
HEAD BASKETBALL COACH
- Total calculated
- $207,340
- From this org
- $181,592
- From related orgs
- $0
- Other
- $25,748
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $181,592
- Bonus
- $0
- Other
- $0
- Deferred
- $18,315
- Nontaxable benefits
- $7,433
- Filer's total
- $207,340
-
BOYCE LAWTON
DEAN OF STUDENT SUCCESS
- Total calculated
- $197,630
- From this org
- $173,903
- From related orgs
- $0
- Other
- $23,727
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $173,903
- Bonus
- $0
- Other
- $0
- Deferred
- $15,902
- Nontaxable benefits
- $7,825
- Filer's total
- $197,630
-
RICHARD JOHNSON
DIRECTOR OF ATHLETICS
- Total calculated
- $188,788
- From this org
- $164,280
- From related orgs
- $0
- Other
- $24,508
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $164,280
- Bonus
- $0
- Other
- $0
- Deferred
- $16,607
- Nontaxable benefits
- $7,901
- Filer's total
- $188,788
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
- 3 · Compensation committee
- 3 · Form 990 of other organizations
- 3 · Written employment contract
- 3 · Compensation survey or study
- 3 · Approval by the board or compensation committee
- 4b · Supplemental nonqualified retirement plan
Answered no
- 1b · Written policy on the line-1a expenses
- 2 · Substantiation required before reimbursing expenses
- 4a · Severance or change-of-control payment
- 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)
- PART I, LINE 1A
- THE COLLEGE PROVIDES HOUSING TO THE PRESIDENT FOR THE CONVENIENCE OF THE EMPLOYER SO THAT THEY CAN PERFORM ESSENTIAL COLLEGE BUSINESS AND ACTIVITIES AT THE HOME. THIS BENEFIT IS NONTAXABLE.
- PART I, LINE 4B
- THE COLLEGE CONTRIBUTED $266,500 TO THE 457F PLAN FOR NAYEF SAMHAT, PRESIDENT DURING THE FYE JUNE 30, 2024.
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.
-
SC CONFERENCE OF THE UNITED METHODIST CHURCH
501(C)(3) · CHURCH · SC
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.
-
CHARITABLE REMAINDER UNITRUST (1)
T · CHARITABLE TRUST · SC
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 13 May 2025
- IRS schema version
- 2023v6.0
- Source object
- 202521359349302282
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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