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Nonprofiteer
← METHODIST UNIVERSITY INC

Form 990 for tax year 2023

Filed by METHODIST UNIVERSITY INC.

Totals

Total revenue
$81,614,782
Total expenses
$77,269,429
Contributions and grants received
$8,899,105
Grants paid
$27,397,321
Program service revenue
$70,971,334
Investment income
$1,084,825
Other revenue
$659,518
Total assets, end of year
$143,475,342
Total liabilities, end of year
$30,685,215
Net assets or fund balances, end of year
$112,790,127
Program services expenses (Part IX)
$68,611,472
Management and general expenses
$7,817,218
Fundraising expenses
$840,739
Program service expenses (Part III)
$68,611,472

Program services were 88.8% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • STANLEY WEARDEN

    PRESIDENT

    Total calculated
    $384,038
    From this org
    $370,607
    From related orgs
    $0
    Other
    $13,431
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $363,204
    Bonus
    $0
    Other
    $7,403
    Deferred
    $6,600
    Nontaxable benefits
    $6,831
    Filer's total
    $384,038

  • SUZANNE B MALLEY

    PROVOST

    Total calculated
    $255,722
    From this org
    $241,404
    From related orgs
    $0
    Other
    $14,318
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $240,372
    Bonus
    $0
    Other
    $1,032
    Deferred
    $4,994
    Nontaxable benefits
    $9,324
    Filer's total
    $255,722

  • RICHARD G SWANSON

    VP INST ADVANCEMENT

    Total calculated
    $222,649
    From this org
    $208,658
    From related orgs
    $0
    Other
    $13,991
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $196,668
    Bonus
    $0
    Other
    $11,990
    Deferred
    $4,120
    Nontaxable benefits
    $9,871
    Filer's total
    $222,649

  • SHEILA C KINSEY

    VP PLAN&ADMIN / CHIEF OF STAFF

    Total calculated
    $188,130
    From this org
    $158,847
    From related orgs
    $0
    Other
    $29,283
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $157,263
    Bonus
    $0
    Other
    $1,584
    Deferred
    $3,647
    Nontaxable benefits
    $25,636
    Filer's total
    $188,130

  • DAWN F AUSBORN

    CHIEF FINANCIAL OFFICER

    Total calculated
    $184,152
    From this org
    $172,032
    From related orgs
    $0
    Other
    $12,120
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $171,000
    Bonus
    $0
    Other
    $1,032
    Deferred
    $3,580
    Nontaxable benefits
    $8,540
    Filer's total
    $184,152

  • RICKY D LOWE

    VP ENROLLMENT SERVICES

    Total calculated
    $148,195
    From this org
    $144,346
    From related orgs
    $0
    Other
    $3,849
    Hours/week
    40

  • BETH H CARTER

    VICE PROVOST FOR ONLINE & EXT

    Total calculated
    $146,598
    From this org
    $143,746
    From related orgs
    $0
    Other
    $2,852
    Hours/week
    40

  • TAT W CHAN

    DEAN COLLEGE BUSINESS

    Total calculated
    $139,938
    From this org
    $137,209
    From related orgs
    $0
    Other
    $2,729
    Hours/week
    40

  • WILLIAM H WALKER

    VP STUDENT AFFAIRS

    Total calculated
    $133,593
    From this org
    $126,530
    From related orgs
    $0
    Other
    $7,063
    Hours/week
    40

  • GEORGE HOYT

    DEAN COLLEGE HEALTH SCIENCES

    Total calculated
    $127,303
    From this org
    $123,609
    From related orgs
    $0
    Other
    $3,694
    Hours/week
    40

  • KELLI W TAYLOR

    VP MISSION INTEGRATION

    Total calculated
    $123,713
    From this org
    $113,023
    From related orgs
    $0
    Other
    $10,690
    Hours/week
    40

  • STACIA THOMPSON

    DIRECTOR PHYSICAL THERAPY

    Total calculated
    $114,690
    From this org
    $110,918
    From related orgs
    $0
    Other
    $3,772
    Hours/week
    40

  • LISA CASTLEBERRY

    ASST. PROF. OF CLINICAL MED.

    Total calculated
    $110,872
    From this org
    $110,139
    From related orgs
    $0
    Other
    $733
    Hours/week
    40

  • DAVID R EAVENSON

    VP FOR ATHLETICS

    Total calculated
    $104,226
    From this org
    $101,217
    From related orgs
    $0
    Other
    $3,009
    Hours/week
    40

  • JASON GREENE

    CHIEF INFORMATION OFFICER

    Total calculated
    $83,423
    From this org
    $79,364
    From related orgs
    $0
    Other
    $4,059
    Hours/week
    40

  • DR RAKESH GUPTA

    CHAIR OF THE BOARD

    Total calculated
    $0
    Hours/week
    1

  • MR TIMOTHY S RICHARDSON

    VICE-CHAIR OF THE BOARD

    Total calculated
    $0
    Hours/week
    1

  • MRS JENNIFER CLEVELAND ELAM

    SECRETARY OF THE BOARD

    Total calculated
    $0
    Hours/week
    1

  • THE HONORABLE JOHN W BROWN

    TREASURER OF THE BOARD

    Total calculated
    $0
    Hours/week
    1

  • MR D KEITH ALLISON

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • MR HOWARD ARDEN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • MR PETER M BROOME

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • DR MARY LYNN BRYAN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • MSMARGARET HIGHSMITH DICKSON

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • MR JOHN MAC HEALY

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • MR J DANIEL HIGHSMITH SR

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • MR ROBERT HINES

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • MR CHARLES B HOLMES

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • MRS JO BETH JOHNSON

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • MR EARL D LEAKE

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • DR WILLIAM SCHAEFER

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • MR ANDREW SHUCK

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • MR ELTON STANLEY

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • MR IRA M STEINGOLD ESQ

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • MR JAMES J TOWNSEND

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • MR SCOTT W WEATHINGTON

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • MR WILLIAM R WEST SR

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • REV GILLIAM GIL P WISE

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • MR JOHN W JAY WYATT III

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

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:
THE UNIVERSITY MAINTAINS A RESIDENTIAL HOME ON CAMPUS WHERE THE PRESIDENT LIVES AS A CONDITION OF EMPLOYMENT. 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.

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 CORP

    C CORP · REAL ESTATE DEVEL · NC · 100% owned · share of income $284,964 · share of assets $2,911,195 · controlled entity

    Directly controlled by METHODIST UNIV

Provenance

Return type
form_990
Tax year
2023
Filed
11 February 2025
IRS schema version
2023v6.0
Source object
202520459349300307

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