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Nonprofiteer
← UNIVERSITY OF CHARLESTON

Form 990 for tax year 2022

Filed by UNIVERSITY OF CHARLESTON.

Totals

Total revenue
$77,150,566
Total expenses
$70,942,251
Contributions and grants received
$16,508,056
Grants paid
$19,044,688
Program service revenue
$55,517,974
Investment income
$3,761,396
Other revenue
$1,363,140
Total assets, end of year
$165,208,048
Total liabilities, end of year
$27,315,954
Net assets or fund balances, end of year
$137,892,094
Program services expenses (Part IX)
$63,017,540
Management and general expenses
$7,317,411
Fundraising expenses
$607,300
Program service expenses (Part III)
$63,017,540

Program services were 88.8% 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.

  • 1e · Government grants (contributions)

    $8,013,860

  • 1f · All other contributions, gifts and grants

    $8,494,196

  • 1g · Noncash contributions included above

    $61,686

  • 2a · Program service revenue: TUITION AND FEES

    total $47,608,519 · related or exempt $47,608,519

  • 2b · Program service revenue: AUXILIARY SALES & SERVICING

    total $7,909,455 · related or exempt $7,909,455

  • 3 · Investment income

    total $778,971 · excluded $778,971

  • 7a · Gross sales of assets other than inventory

    securities $7,350,543

  • 7b · Less cost or other basis and sales expenses

    securities $4,346,783 · other assets $21,335

  • 7c · Gain or loss

    securities $3,003,760 · other assets -$21,335

  • 7d · Net gain or loss

    total $2,982,425 · related or exempt -$21,335 · excluded $3,003,760

  • 11a · Other revenue: OTHER INCOME

    total $1,363,140 · excluded $1,363,140

  • 11e · Other revenue, total

    $1,363,140

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $19,044,688 · program services $19,044,688

  • 5 · Compensation of officers, directors and key employees

    total $1,439,478 · management and general $1,439,478

  • 7 · Other salaries and wages

    total $21,131,649 · program services $19,823,351 · management and general $918,397 · fundraising $389,901

  • 9 · Other employee benefits

    total $4,424,133 · program services $3,899,669 · management and general $424,008 · fundraising $100,456

  • 11g · Fees: other

    total $722,066 · program services $189,098 · management and general $512,368 · fundraising $20,600

  • 12 · Advertising and promotion

    total $616,833 · program services $79,358 · management and general $537,410 · fundraising $65

  • 17 · Travel

    total $1,128,581 · program services $1,092,205 · management and general $24,755 · fundraising $11,621

  • 20 · Interest

    total $711,285 · program services $708,781 · management and general $2,504

  • 22 · Depreciation, depletion and amortization

    total $4,557,215 · program services $3,821,549 · management and general $735,666

  • 23 · Insurance

    total $688,101 · program services $641,507 · management and general $46,594

  • 24a · Other expenses: OTHER CONTRACTS

    total $6,527,710 · program services $6,259,204 · management and general $268,506

  • 24b · Other expenses: MISCELLANEOUS

    total $3,140,456 · program services $2,506,395 · management and general $568,716 · fundraising $65,345

  • 24c · Other expenses: SUPPLIES

    total $2,963,334 · program services $2,738,318 · management and general $207,057 · fundraising $17,959

  • 24d · Other expenses: UTILITIES

    total $2,143,673 · program services $1,844,413 · management and general $297,907 · fundraising $1,353

  • 24e · All other expenses

    total $1,703,049 · program services $369,004 · management and general $1,334,045

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $12,447,322 · end of year $11,829,275

  • 2 · Savings and temporary cash investments

    beginning of year $336,425 · end of year $3,618,334

  • 3 · Pledges and grants receivable

    beginning of year $4,964,951 · end of year $5,360,322

  • 4 · Accounts receivable

    beginning of year $3,654,995 · end of year $4,181,919

  • 7 · Other notes and loans receivable

    beginning of year $376,738 · end of year $224,746

  • 8 · Inventories for sale or use

    beginning of year $215,198 · end of year $178,995

  • 9 · Prepaid expenses and deferred charges

    beginning of year $238,344 · end of year $265,098

  • 10a · Land, buildings and equipment: cost or other basis

    $163,911,846

  • 10b · Land, buildings and equipment: accumulated depreciation

    $82,717,788

  • 10c · Land, buildings and equipment, net

    beginning of year $81,169,863 · end of year $81,194,058

  • 11 · Investments: publicly traded securities

    beginning of year $41,053,563 · end of year $41,688,028

  • 15 · Other assets

    beginning of year $14,751,907 · end of year $16,667,273

  • 17 · Accounts payable and accrued expenses

    beginning of year $4,713,106 · end of year $4,205,757

  • 19 · Deferred revenue

    beginning of year $3,676,550 · end of year $3,932,167

  • 20 · Tax-exempt bond liabilities

    beginning of year $17,449,101 · end of year $16,379,900

  • 25 · Other liabilities

    beginning of year $2,114,850 · end of year $2,798,130

  • 27 · Net assets without donor restrictions

    beginning of year $65,634,065 · end of year $67,275,954

  • 28 · Net assets with donor restrictions

    beginning of year $65,621,634 · end of year $70,616,140

Mission and programs · 2022

Mission

EDUCATE EACH STUDENT FOR A LIFE OF PRODUCTIVE WORK, ENLIGHTENED LIVING, AND COMMUNITY INVOLVEMENT.

Activities or mission (Part I)

EDUCATE EACH STUDENT FOR A LIFE OF PRODUCTIVE WORK, ENLIGHTENED LIVING AND COMMUNITY INVOLVEMENT.

  • INSTRUCTION - THE UNIVERSITY PROVIDES EDUCATIONAL SERVICES AND INSTRUCTION TO APPROX. 2,700 FULL AND PART TIME STUDENTS SEEKING A COLLEGE EDUCATION AND/OR DEGREE

    Expenses $17,694,188 · Revenue $28,563,831

  • AUXILLARY ENTERPRISES CONSISTS OF EXPENSES INCURRED FOR OPERATIONS SUCH AS FOOD SERVICE AND HOUSING, WHICH EXIST TO FURNISH GOODS OR SERVICES TO STUDENTS, FACULTY, OR STAFF, AND ARE MANAGED AS ESSENTIALLY SELF-SUPPORTING ACTIVITIES.

    Expenses $8,551,045 · Revenue $7,909,455

  • SCHOLARSHIPS AND FELLOWSHIPS - THE UNIVERSITY PROVIDES FINANCIAL ASSISTANCE TO STUDENTS EITHER BASED ON NEED OR ACADEMIC MERIT

    Expenses $19,044,688 · Grants $19,044,688 · Revenue $19,044,688

  • OTHER PROGRAM SERVICES

    Expenses $17,727,619

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Eric Hicks

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Ben Beakes

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Nancy Bruns

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Philip Morabito

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Patrick O'Malley

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • John Barrett

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Jennie Ferretti

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Magdalena Cook

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Kimberly Dickerson

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Patrick Graney

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Michael Cary

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • David Gallagher

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Paul White

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Greg Burton

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Lisa Pack

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Steve Wehrle

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Elizabeth Walker

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Josh Pray

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Dave Ramsey

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Marion Jones

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Bernard Layne

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Dean Cordle

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Cleta Harless

    EXECUTIVE VP & CFO

    Total calculated
    $168,238
    From this org
    $150,119
    From related orgs
    $0
    Other
    $18,119
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $150,119
    Bonus
    $0
    Other
    $0
    Deferred
    $9,421
    Nontaxable benefits
    $8,698
    Filer's total
    $168,238

  • Martin Roth

    PRESIDENT,TRUSTEE EX-OFFIC

    Total calculated
    $384,642
    From this org
    $357,644
    From related orgs
    $0
    Other
    $26,998
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $357,644
    Bonus
    $0
    Other
    $0
    Deferred
    $18,300
    Nontaxable benefits
    $8,698
    Filer's total
    $384,642

  • Kim Spiezio

    EXECUTIVE VP & PROVOST

    Total calculated
    $167,960
    From this org
    $149,992
    From related orgs
    $0
    Other
    $17,968
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $149,992
    Bonus
    $0
    Other
    $0
    Deferred
    $9,270
    Nontaxable benefits
    $8,698
    Filer's total
    $167,960

  • Kristy Lucas

    DEAN OF SCHOOL OF PHARMACY

    Total calculated
    $199,589
    From this org
    $184,572
    From related orgs
    $0
    Other
    $15,017
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $184,572
    Bonus
    $0
    Other
    $0
    Deferred
    $10,518
    Nontaxable benefits
    $4,499
    Filer's total
    $199,589

  • Mindy Smith-Amburgey

    DEAN OF THE SCHOOL OF HEALTH SCIENCES

    Total calculated
    $135,733
    From this org
    $127,534
    From related orgs
    $0
    Other
    $8,199
    Hours/week
    40

  • M D Omar Khan

    PROF. OF PHARMACY

    Total calculated
    $146,114
    From this org
    $137,913
    From related orgs
    $0
    Other
    $8,201
    Hours/week
    40

  • D Bellamy

    DEAN OF THE SCHOOL OF BUSINESS

    Total calculated
    $144,737
    From this org
    $128,678
    From related orgs
    $0
    Other
    $16,059
    Hours/week
    40

  • Betty Beimel

    PROGRAM DIRECTOR NURSE PRACT.

    Total calculated
    $136,164
    From this org
    $128,664
    From related orgs
    $0
    Other
    $7,500
    Hours/week
    40

  • Elizabeth Wolfe

    EXECUTIVE VP OF ENROLLMENT MANAGEMENT

    Total calculated
    $139,134
    From this org
    $126,846
    From related orgs
    $0
    Other
    $12,288
    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
  • 1b · Written policy on the line-1a expenses
  • 3 · Written employment contract
  • 3 · Approval by the board or compensation committee

Answered no

  • 2 · Substantiation required before reimbursing expenses
  • 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

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.

Provenance

Return type
form_990
Tax year
2022
Filed
13 May 2024
IRS schema version
2022v5.0
Source object
202411359349309661

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