Totals
- Total revenue
- $164,237,457
- Total expenses
- $170,937,687
- Contributions and grants received
- $10,013,528
- Grants paid
- $79,559,527
- Program service revenue
- $145,518,262
- Investment income
- $5,605,456
- Other revenue
- $3,100,211
- Total assets, end of year
- $295,711,975
- Total liabilities, end of year
- $91,320,613
- Net assets or fund balances, end of year
- $204,391,362
- Program services expenses (Part IX)
- $134,389,374
- Management and general expenses
- $34,454,885
- Fundraising expenses
- $2,093,428
- Program service expenses (Part III)
- $134,389,374
Program services were 78.6% 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
$79,396
-
1e · Government grants (contributions)
$599,017
-
1f · All other contributions, gifts and grants
$9,335,115
-
1g · Noncash contributions included above
$276,152
-
2a · Program service revenue: TUITION & FEES
total $121,429,627 · related or exempt $121,429,627
-
2b · Program service revenue: HOUSING
total $13,224,995 · related or exempt $13,224,995
-
2c · Program service revenue: FOOD SERVICE REVENUE
total $7,013,764 · related or exempt $7,013,764
-
2d · Program service revenue: ATHLETIC & OTHER INCOME
total $3,210,077 · related or exempt $3,210,077
-
2e · Program service revenue: UNIVERSITY SPIRIT STORE
total $639,799 · related or exempt $639,799
-
3 · Investment income
total $2,876,310 · excluded $2,876,310
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $0
-
6a · Gross rents
real property $501,809
-
6b · Less rental expenses
real property $0
-
6c · Rental income or loss
real property $501,809 · personal property $0
-
6d · Net rental income or loss
total $501,809 · excluded $501,809
-
7a · Gross sales of assets other than inventory
securities $55,526,502
-
7b · Less cost or other basis and sales expenses
securities $52,797,356
-
7c · Gain or loss
securities $2,729,146
-
7d · Net gain or loss
total $2,729,146 · excluded $2,729,146
-
8a · Fundraising events: gross income
$11,220
-
8a · Fundraising events: contributions included on line 1c
$79,396
-
8b · Fundraising events: direct expenses
$39,870
-
8c · Net income from fundraising events
total -$28,650 · excluded -$28,650
-
9a · Gaming: gross income
$0
-
9b · Gaming: direct expenses
$0
-
9c · Net income from gaming
total $0
-
10a · Gross sales of inventory
$0
-
10b · Cost of goods sold
$0
-
10c · Net income from sales of inventory
total $0
-
11a · Other revenue: GOLF COURSE
total $2,232,283 · unrelated business $2,232,283
-
11b · Other revenue: PARKING FEES
total $310,999 · related or exempt $310,999
-
11c · Other revenue: CAMPS & CONFERENCES
total $83,770 · related or exempt $83,770
-
11e · Other revenue, total
$2,627,052
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $0
-
2 · Grants to domestic individuals
total $69,166,313 · program services $69,166,313
-
3 · Grants to foreign organizations and individuals
total $10,393,214 · program services $10,393,214
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $1,754,483 · program services $839,151 · management and general $915,332
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $38,406,853 · program services $29,141,354 · management and general $7,937,083 · fundraising $1,328,416
-
8 · Pension plan contributions
total $1,466,497 · program services $964,313 · management and general $465,353 · fundraising $36,831
-
9 · Other employee benefits
total $5,710,966 · program services $4,899,008 · management and general $578,100 · fundraising $233,858
-
10 · Payroll taxes
total $2,821,463 · program services $1,855,286 · management and general $895,315 · fundraising $70,862
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $100,819 · management and general $100,819
-
11c · Fees: accounting
total $290,858 · management and general $290,858
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $74,306 · management and general $74,306
-
11g · Fees: other
total $0
-
12 · Advertising and promotion
total $20,400 · program services $13,414 · management and general $6,474 · fundraising $512
-
13 · Office expenses
total $0
-
14 · Information technology
total $3,757,546 · program services $1,891,510 · management and general $1,699,665 · fundraising $166,371
-
15 · Royalties
total $0
-
16 · Occupancy
total $2,823,936 · program services $1,553,165 · management and general $1,253,827 · fundraising $16,944
-
17 · Travel
total $1,976,920 · program services $1,883,949 · management and general $69,559 · fundraising $23,412
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $0
-
20 · Interest
total $3,742,219 · management and general $3,742,219
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $7,056,330 · program services $3,567,514 · management and general $3,488,816
-
23 · Insurance
total $453,199 · management and general $453,199
-
24a · Other expenses: FOOD SRVCS CONTRACT SRVCS
total $6,368,888 · management and general $6,368,888
-
24b · Other expenses: UBI EXPENSES FROM GOLF
total $2,791,060 · management and general $2,791,060
-
24c · Other expenses: GRADUATE & PROFESSIONAL
total $2,288,936 · program services $2,288,936
-
24d · Other expenses: OTHER CONTRACT SERVICES
total $863,276 · program services $271,162 · management and general $592,114
-
24e · All other expenses
total $8,609,205 · program services $5,661,085 · management and general $2,731,898 · fundraising $216,222
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $9,957 · end of year $9,954
-
2 · Savings and temporary cash investments
beginning of year $19,369,350 · end of year $14,725,663
-
3 · Pledges and grants receivable
beginning of year $9,595,377 · end of year $10,504,669
-
4 · Accounts receivable
beginning of year $6,206,801 · end of year $4,294,987
-
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 $151,672 · end of year $152,513
-
9 · Prepaid expenses and deferred charges
beginning of year $1,332,181 · end of year $767,735
-
10a · Land, buildings and equipment: cost or other basis
$261,980,561
-
10b · Land, buildings and equipment: accumulated depreciation
$104,779,019
-
10c · Land, buildings and equipment, net
beginning of year $160,177,997 · end of year $157,201,542
-
11 · Investments: publicly traded securities
beginning of year $89,586,372 · end of year $101,529,208
-
12 · Investments: other securities
beginning of year $823,297 · end of year $923,248
-
13 · Investments: program-related
beginning of year $0 · end of year $0
-
14 · Intangible assets
beginning of year $0 · end of year $0
-
15 · Other assets
beginning of year $7,257,799 · end of year $5,602,456
-
17 · Accounts payable and accrued expenses
beginning of year $5,524,187 · end of year $6,465,982
-
18 · Grants payable
beginning of year $0 · end of year $0
-
19 · Deferred revenue
beginning of year $6,238,386 · end of year $5,895,643
-
20 · Tax-exempt bond liabilities
beginning of year $64,931,423 · end of year $64,836,616
-
21 · Escrow or custodial account liability
beginning of year $0 · end of year $0
-
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 $7,267,579 · end of year $6,207,372
-
24 · Unsecured notes and loans payable
beginning of year $9,285,000 · end of year $7,915,000
-
25 · Other liabilities
beginning of year $0 · end of year $0
-
27 · Net assets without donor restrictions
beginning of year $75,789,522 · end of year $70,958,754
-
28 · Net assets with donor restrictions
beginning of year $125,474,706 · end of year $133,432,608
Mission and programs · 2023
Mission
THE MISSION OF WINGATE UNIVERSITY IS TO DEVELOP EDUCATED, ETHICAL, AND PRODUCTIVE GLOBAL CITIZENS. FOLLOWING ITS JUDEO-CHRISTIAN HERITAGE, THE UNIVERSITY SEEKS TO CULTIVATE THE FOLLOWING IN ITS STUDENTS: KNOWLEDGE, FAITH, AND SERVICE.
Activities or mission (Part I)
A COMPREHENSIVE EDUCATIONAL INSTITUTION OFFERING BACCALAUREATE, MASTERS, AND DOCTORAL DEGREES.
-
WINGATE UNIVERSITY SERVES STUDENTS ON THREE CAMPUSES IN WINGATE, BALLANTYNE, AND HENDERSONVILLE, NC. THE UNIVERSITY OFFERS 36 UNDERGRADUATE MAJORS, 64 MINORS AND CAREER CONCENTRATIONS, NUMEROUS PRE-PROFESSIONAL PROGRAMS, GRADUATE DEGREES IN BUSINESS, ACCOUNTING, EDUCATION, PHYSICIAN ASSISTANT STUDIES AND SPORT MANAGEMENT, AND DOCTORATES IN PHARMACY, PHYSICAL THERAPY, OCCUPATIONAL THERAPY, AND EDUCATION. DURING THE FISCAL YEAR ENDED MAY 31, 2024, FALL STUDENT ENROLLMENT WAS 3,325 AND SPRING STUDENT ENROLLMENT WAS 3,105. THE TOTAL NUMBER OF GRADUATES WAS 806. FINANCIAL AID WAS RECEIVED BY 3,365 STUDENTS. SCHOLARSHIPS WERE GRANTED TO 2,827 STUDENTS.
Expenses $134,389,374 · Grants $79,559,527 · Revenue $145,913,031
As filed on the 2023 return.
Listed in Part VII
-
Thomas Rhett BrownTHOMAS RHETT BROWN
PRESIDENT
- Total calculated
- $446,488
- From this org
- $376,727
- From related orgs
- $0
- Other
- $69,761
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $376,727
- Bonus
- $0
- Other
- $0
- Deferred
- $48,560
- Nontaxable benefits
- $21,201
- Filer's total
- $446,488
-
Susan P BruceSUSAN P BRUCE
DEAN OF SOP
- Total calculated
- $294,722
- From this org
- $274,633
- From related orgs
- $0
- Other
- $20,089
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $274,633
- Bonus
- $0
- Other
- $0
- Deferred
- $13,838
- Nontaxable benefits
- $6,251
- Filer's total
- $294,722
-
James R BullockJAMES R BULLOCK
SVP
- Total calculated
- $294,244
- From this org
- $274,529
- From related orgs
- $0
- Other
- $19,715
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $274,529
- Bonus
- $0
- Other
- $0
- Deferred
- $13,289
- Nontaxable benefits
- $6,426
- Filer's total
- $294,244
-
Benjamin SidburyBENJAMIN SIDBURY
SVP GENERAL COUNSEL
- Total calculated
- $274,414
- From this org
- $255,136
- From related orgs
- $0
- Other
- $19,278
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $255,136
- Bonus
- $0
- Other
- $0
- Deferred
- $12,852
- Nontaxable benefits
- $6,426
- Filer's total
- $274,414
-
Heather Campbell MillerHEATHER CAMPBELL MILLER
SVP CHIEF OF STAFF
- Total calculated
- $254,818
- From this org
- $222,086
- From related orgs
- $0
- Other
- $32,732
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $222,086
- Bonus
- $0
- Other
- $0
- Deferred
- $11,531
- Nontaxable benefits
- $21,201
- Filer's total
- $254,818
-
Jeffrey FrederickJEFFREY FREDERICK
PROVOST & EXECUTIVE VP
- Total calculated
- $252,552
- From this org
- $226,944
- From related orgs
- $0
- Other
- $25,608
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $226,944
- Bonus
- $0
- Other
- $0
- Deferred
- $11,570
- Nontaxable benefits
- $14,038
- Filer's total
- $252,552
-
Melissa PerdueMELISSA PERDUE
CFO
- Total calculated
- $235,329
- From this org
- $218,689
- From related orgs
- $0
- Other
- $16,640
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $218,689
- Bonus
- $0
- Other
- $0
- Deferred
- $10,914
- Nontaxable benefits
- $5,726
- Filer's total
- $235,329
-
Eric F SchneiderERIC F SCHNEIDER
VICE PROVOST
- Total calculated
- $198,376
- From this org
- $182,785
- From related orgs
- $0
- Other
- $15,591
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $182,785
- Bonus
- $0
- Other
- $0
- Deferred
- $9,220
- Nontaxable benefits
- $6,371
- Filer's total
- $198,376
-
Steve ShankSTEVE SHANK
VICE PRESIDENT
- Total calculated
- $190,259
- From this org
- $180,569
- From related orgs
- $0
- Other
- $9,690
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $180,569
- Bonus
- $0
- Other
- $0
- Deferred
- $9,008
- Nontaxable benefits
- $682
- Filer's total
- $190,259
-
Sergio CastelloSERGIO CASTELLO
DEAN OF SCHOOL OF BUSINESS
- Total calculated
- $185,545
- From this org
- $163,042
- From related orgs
- $0
- Other
- $22,503
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $163,042
- Bonus
- $0
- Other
- $0
- Deferred
- $8,504
- Nontaxable benefits
- $13,999
- Filer's total
- $185,545
-
David WeilDAVID WEIL
DIR. OF PHYSICIAN ASST. PRGM.
- Total calculated
- $178,842
- From this org
- $156,150
- From related orgs
- $0
- Other
- $22,692
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $156,150
- Bonus
- $0
- Other
- $0
- Deferred
- $8,092
- Nontaxable benefits
- $14,600
- Filer's total
- $178,842
-
Joel BarhamJOEL BARHAM
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5
-
Janice G Beatty-HendleyJANICE G BEATTY-HENDLEY
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5
-
Amos BeasonAMOS BEASON
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5
-
Audley L BellAUDLEY L BELL
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5
-
Jason BerndJASON BERND
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5
-
Russell W BookerRUSSELL W BOOKER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5
-
Paula D BordenPAULA D BORDEN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5
-
Benton BraggBENTON BRAGG
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5
-
Patrick C BrownPATRICK C BROWN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5
-
Rebecca B BullardREBECCA B BULLARD
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5
-
G Frank CagleG FRANK CAGLE
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5
-
Wayne P CooperWAYNE P COOPER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5
-
George Morrison CreechGEORGE MORRISON CREECH
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5
-
William T Crowder JrWILLIAM T CROWDER JR
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5
-
Cecil DixonCECIL DIXON
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5
-
C Angelia DuncanC ANGELIA DUNCAN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5
-
Kimberly S EagleKIMBERLY S EAGLE
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5
-
Kacey M GranthamKACEY M GRANTHAM
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5
-
John N HendleyJOHN N HENDLEY
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5
-
Gregory I HinrichsGREGORY I HINRICHS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5
-
Ronald G HinsonRONALD G HINSON
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5
-
D Craig HornD CRAIG HORN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5
-
Charles A Howard IICHARLES A HOWARD II
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5
-
Maria LanderMARIA LANDER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5
-
James W Mason IIIJAMES W MASON III
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5
-
Carolyn D MatthewsCAROLYN D MATTHEWS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5
-
Luther T MooreLUTHER T MOORE
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5
-
Maria T MortisMARIA T MORTIS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5
-
M Lynn MossM LYNN MOSS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5
-
Fonda G SalgueiroFONDA G SALGUEIRO
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5
-
Andrew T SmartANDREW T SMART
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5
-
Robert J Spence IIIROBERT J SPENCE III
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5
-
Johnny L TillettJOHNNY L TILLETT
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5
-
Carl TuckerCARL TUCKER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5
-
Douglas E Turner JrDOUGLAS E TURNER JR
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5
-
Edward L WestEDWARD L WEST
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5
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 · Travel for companions
- 1a · Health or social club dues or initiation fees
- 1b · Written policy on the line-1a expenses
- 2 · Substantiation required before reimbursing expenses
- 3 · Compensation committee
- 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:
- THE PRESIDENT'S SPOUSE CAN TRAVEL WITH THE PRESIDENT AND IS CONSIDERED A REPRESENTATIVE OF THE UNIVERSITY. ALSO, THE UNIVERSITY PROVIDES CLUB MEMBERSHIPS TO CERTAIN KEY INDIVIDUALS FOR RELATIONSHIP BUILDING PURPOSES. DUE TO THE NATURE OF THESE MEMBERSHIPS, THE COSTS ARE INCLUDED IN THE EMPLOYEE'S COMPENSATION.
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.
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.
Disregarded entities
Part I: entities that legally are the filer and file no return of their own.
-
WINGATE REAL ESTATE HOLDINGS LLC
GOLF COURSES · NC · income $2,232,283 · assets $3,901,542
Directly controlled by WINGATE UNIV
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 26 February 2025
- IRS schema version
- 2023v6.0
- Source object
- 202510589349301806
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
The source document this was parsed from is served over the API, which is where bulk and document access live.