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Nonprofiteer
← NORTH GREENVILLE UNIVERSITY

Form 990 for tax year 2024

Filed by NORTH GREENVILLE UNIVERSITY.

Totals

Total revenue
$72,415,205
Total expenses
$76,400,830
Contributions and grants received
$5,486,731
Grants paid
$19,703,632
Program service revenue
$63,482,491
Investment income
$2,281,730
Other revenue
$1,164,253
Total assets, end of year
$118,684,440
Total liabilities, end of year
$9,629,347
Net assets or fund balances, end of year
$109,055,093
Program services expenses (Part IX)
$68,454,395
Management and general expenses
$6,678,482
Fundraising expenses
$1,267,953
Program service expenses (Part III)
$68,454,395

Program services were 89.6% 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

    $20,948

  • 1d · Related organizations

    $1,063,577

  • 1e · Government grants (contributions)

    $239,332

  • 1f · All other contributions, gifts and grants

    $4,162,874

  • 1g · Noncash contributions included above

    $576,281

  • 2a · Program service revenue: TUITION AND FEES

    total $46,094,409 · related or exempt $46,094,409

  • 2b · Program service revenue: AUXILIARY REVENUE

    total $15,073,701 · related or exempt $15,073,701

  • 2c · Program service revenue: CAMPUS BOOKSTORE

    total $1,551,391 · related or exempt $1,551,391

  • 2f · All other program service revenue

    total $762,990 · related or exempt $762,990

  • 3 · Investment income

    total $786,002 · excluded $786,002

  • 6a · Gross rents

    real property $119,922

  • 6b · Less rental expenses

    real property $33,534

  • 6c · Rental income or loss

    real property $86,388

  • 6d · Net rental income or loss

    total $86,388 · excluded $86,388

  • 7a · Gross sales of assets other than inventory

    securities $1,658,575 · other assets $12,347

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

    securities $174,194 · other assets $1,000

  • 7c · Gain or loss

    securities $1,484,381 · other assets $11,347

  • 7d · Net gain or loss

    total $1,495,728 · excluded $1,495,728

  • 8a · Fundraising events: gross income

    $59,795

  • 8a · Fundraising events: contributions included on line 1c

    $20,948

  • 8b · Fundraising events: direct expenses

    $22,740

  • 8c · Net income from fundraising events

    total $37,055 · excluded $37,055

  • 11a · Other revenue: GAS STATION INCOME

    total $1,040,810 · unrelated business $1,040,810

  • 11e · Other revenue, total

    $1,040,810

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $25,000 · program services $25,000

  • 2 · Grants to domestic individuals

    total $19,678,632 · program services $19,678,632

  • 5 · Compensation of officers, directors and key employees

    total $1,064,750 · program services $183,576 · management and general $881,174

  • 7 · Other salaries and wages

    total $23,309,885 · program services $20,162,851 · management and general $2,397,121 · fundraising $749,913

  • 8 · Pension plan contributions

    total $374,205 · program services $335,729 · management and general $24,269 · fundraising $14,207

  • 9 · Other employee benefits

    total $4,797,722 · program services $4,235,297 · management and general $461,476 · fundraising $100,949

  • 10 · Payroll taxes

    total $1,708,784 · program services $1,442,429 · management and general $211,713 · fundraising $54,642

  • 11b · Fees: legal

    total $24,719 · program services $9,526 · management and general $15,193

  • 11c · Fees: accounting

    total $85,627 · management and general $85,627

  • 11f · Fees: investment management

    total $268,536 · management and general $268,536

  • 11g · Fees: other

    total $3,116,954 · program services $2,767,390 · management and general $326,511 · fundraising $23,053

  • 12 · Advertising and promotion

    total $806,007 · program services $63,817 · management and general $742,190

  • 13 · Office expenses

    total $1,836,087 · program services $1,557,527 · management and general $169,389 · fundraising $109,171

  • 14 · Information technology

    total $726,121 · program services $726,121

  • 16 · Occupancy

    total $1,672,473 · program services $1,612,739 · management and general $54,092 · fundraising $5,642

  • 17 · Travel

    total $1,066,581 · program services $1,033,508 · management and general $26,090 · fundraising $6,983

  • 19 · Conferences, conventions and meetings

    total $86,393 · program services $76,391 · management and general $8,862 · fundraising $1,140

  • 20 · Interest

    total $8,561 · program services $8,251 · management and general $281 · fundraising $29

  • 22 · Depreciation, depletion and amortization

    total $3,887,394 · program services $3,745,605 · management and general $128,396 · fundraising $13,393

  • 23 · Insurance

    total $821,413 · program services $799,067 · management and general $15,177 · fundraising $7,169

  • 24a · Other expenses: CAFETERIA SERVICES

    total $3,781,034 · program services $3,781,034

  • 24b · Other expenses: CAMPUS BOOKSTORE

    total $1,546,825 · program services $1,546,825

  • 24c · Other expenses: REPAIRS AND MAINTENANCE

    total $1,383,289 · program services $1,291,578 · management and general $87,359 · fundraising $4,352

  • 24d · Other expenses: BAD DEBT EXPENSE

    total $368,744 · management and general $368,744

  • 24e · All other expenses

    total $3,955,094 · program services $3,371,502 · management and general $406,282 · fundraising $177,310

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $666,649 · end of year $595,796

  • 2 · Savings and temporary cash investments

    beginning of year $5,911,680 · end of year $1,751,439

  • 3 · Pledges and grants receivable

    beginning of year $1,108,966 · end of year $1,074,138

  • 4 · Accounts receivable

    beginning of year $810,708 · end of year $421,188

  • 8 · Inventories for sale or use

    beginning of year $33,899 · end of year $96,227

  • 9 · Prepaid expenses and deferred charges

    beginning of year $871,090 · end of year $1,450,244

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

    $118,860,103

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

    $45,753,911

  • 10c · Land, buildings and equipment, net

    beginning of year $73,457,561 · end of year $73,106,192

  • 11 · Investments: publicly traded securities

    beginning of year $23,718,265 · end of year $25,129,993

  • 12 · Investments: other securities

    beginning of year $12,504,429 · end of year $12,972,633

  • 15 · Other assets

    beginning of year $2,399,798 · end of year $2,086,590

  • 17 · Accounts payable and accrued expenses

    beginning of year $4,980,153 · end of year $6,178,923

  • 19 · Deferred revenue

    beginning of year $3,967,339 · end of year $3,010,827

  • 21 · Escrow or custodial account liability

    beginning of year $60,261 · end of year $53,721

  • 25 · Other liabilities

    beginning of year $405,955 · end of year $385,876

  • 27 · Net assets without donor restrictions

    beginning of year $71,535,067 · end of year $66,065,648

  • 28 · Net assets with donor restrictions

    beginning of year $40,534,270 · end of year $42,989,445

Mission and programs · 2024

Mission

NORTH GREENVILLE UNIVERSITY EXISTS TO GLORIFY GOD BY CULTIVATING GRADUATES WHO ARE EQUIPPED TO SERVE AS TRANSFORMATIONAL LEADERS FOR CHURCH AND SOCIETY.

Activities or mission (Part I)

THE UNIVERSITY OFFERS A QUALITY EDUCATION IN A BIBLICALLY SOUND, CHRIST-CENTERED ENVIRONMENT.

  • THE UNIVERSITY PROVIDED ACADEMIC INSTRUCTION TO 2,021 UNDERGRADUATE STUDENTS DURING THE YEAR, OFFERING PROGRAMS FROM A LIBERAL ARTS CORE WHICH CHALLENGED THE STUDENTS TO IMPROVE THEIR ABILITIES TO THINK CRITICALLY AND COMMUNICATE CLEARLY. THE MAJORITY OF UNDERGRADUATE INSTRUCTION IS OFFERED IN-PERSON BY FULL-TIME FACULTY SERVING AT THE UNIVERSITY'S TIGERVILLE CAMPUS. FACULTY COMMIT TO PURSUE THE INSTITUTIONAL MISSION WHEN THEY ARE OFFERED POSITIONS WITH THE UNIVERSITY, EQUIPPING STUDENTS TO BECOME TRANSFORMATIONAL LEADERS FOR CHURCH AND SOCIETY. AS AN EXTENSION OF THE INSTITUTIONAL MISSION, THE UNIVERSITY FIELDED VARSITY ATHLETIC PROGRAMS IN 21 NCAA DIVISION II SPORTS DURING THE YEAR WITH 550 STUDENT-ATHLETES PARTICIPATING.

    Expenses $66,113,295 · Grants $19,672,567 · Revenue $58,068,014

  • THE UNIVERSITY PROVIDED ACADEMIC INSTRUCTION TO 284 GRADUATE STUDENTS DURING THE YEAR. THE MASTER'S AND DOCTORAL-LEVEL INSTRUCTION IS DESIGNED TO ENHANCE THE STUDENT'S PROFESSIONAL SKILLS. NGU GRADUATE DEGREES IN MINISTRY, BUSINESS, EDUCATION, MUSIC AND PHYSICIAN ASSISTANT FIELDS ARE COORDINATED THROUGH THE UNIVERSITY'S GREER CAMPUS. FACULTY COMMIT TO THE INSTITUTIONAL MISSION WHEN THEY ACCEPT TEACHING ROLES WITH THE UNIVERSITY, HELPING GRADUATE STUDENTS STRENGTHEN THEIR ABILITIES TO SERVE AS TRANSFORMATIONAL LEADERS FOR CHURCH AND SOCIETY.

    Expenses $2,341,100 · Grants $31,065 · Revenue $5,414,477

As filed on the 2024 return.

Listed in Part VII

  • Rev Joshua Powell

    TRUSTEE, CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

  • Dr Drew Calcutt

    TRUSTEE, VICE CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

  • Mr Isaac Johnson Jr

    TRUSTEE (PART YEAR), SECRETARY/TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Mrs Beth Jackson

    SECRETARY/TREASURER (PART YEAR), TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Mr Bill Tyler

    CHAIRMAN (PART YEAR)

    Total calculated
    $0
    Hours/week
    1

  • Mrs Shana Sands

    VICE CHAIRMAN (PART YEAR)

    Total calculated
    $0
    Hours/week
    1

  • Mr Michael Lord

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Mr Keith Giddens

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Mr Lee Capell

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Rev Will Broadus

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Dr Lenna Smith

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Mrs Kay Powers

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Mr Ron Hewitt Jr

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Mr Jim Alexander

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Mr Ronald Edwards

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Dr Travis Agnew

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Mr Pierce Williams

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Mr David Charpia

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Mr James Oates III

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Rev Marcus Hayes

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Mrs Laura Messer

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Rev Daniel Dickard

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Mr Richard McLawhorn

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Dr Phil Alsup

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Mrs Angela James

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Dr Brian Spearman

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Mrs Mandie Boyd

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Mr John White III

    TRUSTEE (PART YEAR)

    Total calculated
    $0
    Hours/week
    1

  • Mr Don Wilson

    TRUSTEE (PART YEAR)

    Total calculated
    $0
    Hours/week
    1

  • Mr Lucian Lee

    TRUSTEE (PART YEAR)

    Total calculated
    $0
    Hours/week
    1

  • Mr Mike Hamrick

    TRUSTEE (PART YEAR)

    Total calculated
    $0
    Hours/week
    1

  • Dr Gene Fant

    PRESIDENT

    Total calculated
    $417,419
    From this org
    $376,215
    From related orgs
    $0
    Other
    $41,204
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $325,941
    Bonus
    $50,217
    Other
    $57
    Deferred
    $6,792
    Nontaxable benefits
    $34,412
    Filer's total
    $417,419

  • Mr Rich Grimm

    EXECUTIVE VP

    Total calculated
    $267,861
    From this org
    $239,542
    From related orgs
    $0
    Other
    $28,319
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $229,325
    Bonus
    $10,217
    Other
    $0
    Deferred
    $4,657
    Nontaxable benefits
    $23,662
    Filer's total
    $267,861

  • Mr Michael Stowell

    SENIOR VP OF FINANCE (PART YEAR)

    Total calculated
    $172,195
    From this org
    $161,076
    From related orgs
    $0
    Other
    $11,119
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $161,076
    Bonus
    $0
    Other
    $0
    Deferred
    $2,956
    Nontaxable benefits
    $8,163
    Filer's total
    $172,195

  • Dr Hunter Baker

    PROVOST

    Total calculated
    $191,521
    From this org
    $161,616
    From related orgs
    $0
    Other
    $29,905
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $153,449
    Bonus
    $217
    Other
    $7,950
    Deferred
    $3,200
    Nontaxable benefits
    $26,705
    Filer's total
    $191,521

  • Mr Mark Reeves

    SENIOR VP OF FINANCE

    Total calculated
    $16,050
    From this org
    $16,050
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Mr Larry Wakefield

    INTERIM SR VP OF FINANCE (PART YEAR)

    Total calculated
    $0
    Hours/week
    40

  • Dr Jordan Hairr

    DEAN OF THE COLLEGE OF ALLIED HEALTH

    Total calculated
    $191,764
    From this org
    $166,835
    From related orgs
    $0
    Other
    $24,929
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $162,618
    Bonus
    $4,217
    Other
    $0
    Deferred
    $3,494
    Nontaxable benefits
    $21,435
    Filer's total
    $191,764

  • Mrs Kaye Rickman

    PROGRAM DIRECTOR FOR PA MEDICINE

    Total calculated
    $163,791
    From this org
    $151,009
    From related orgs
    $0
    Other
    $12,782
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $148,042
    Bonus
    $2,967
    Other
    $0
    Deferred
    $2,970
    Nontaxable benefits
    $9,812
    Filer's total
    $163,791

  • Dr John Duncan

    DEAN OF THE COLLEGE OF BUSINESS

    Total calculated
    $159,970
    From this org
    $147,716
    From related orgs
    $0
    Other
    $12,254
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $145,000
    Bonus
    $2,716
    Other
    $0
    Deferred
    $2,900
    Nontaxable benefits
    $9,354
    Filer's total
    $159,970

  • Dr Stephen Crouse

    SENIOR CAMPUS PASTOR

    Total calculated
    $147,473
    From this org
    $120,368
    From related orgs
    $0
    Other
    $27,105
    Hours/week
    40

  • Dr Martin Jones

    ASSOCIATE DEAN COLLEGE OF BUSINESS

    Total calculated
    $150,371
    From this org
    $137,963
    From related orgs
    $0
    Other
    $12,408
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $104,654
    Bonus
    $33,309
    Other
    $0
    Deferred
    $2,107
    Nontaxable benefits
    $10,301
    Filer's total
    $150,371

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 · 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 · Form 990 of other organizations
  • 3 · Approval by the board or compensation committee
  • 7 · Other non-fixed payments

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
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 1A
AS A CONDITION OF EMPLOYMENT, AND AS A CONVENIENCE TO THE UNIVERSITY, THE PRESIDENT, PROVOST, AND EXECUTIVE VP ARE PROVIDED A HOME ON UNIVERSITY GROUNDS. THE HOME IS PROVIDED AS A NONTAXABLE BENEFIT. THE PRESIDENT RECEIVES SOCIAL CLUB DUES. THIS IS PROVIDED AS A NONTAXABLE BENEFIT.
PART I, LINE 7
THE BOARD APPROVED NONFIXED PAYMENTS MADE IN THE FORM OF DISCRETIONARY BONUSES.

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

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.

  • LIVING TRUST (1)

    IRREVOCABLE LIVING TRUST · SC · controlled entity

    Directly controlled by NORTH GREENVILLE UNIVERSITY

  • CHARITABLE REMAINDER UNITRUST (2)

    CHARITABLE REMAINDER TRUST · SC · controlled entity

    Directly controlled by NORTH GREENVILLE UNIVERSITY

Provenance

Return type
form_990
Tax year
2024
Filed
12 March 2026
IRS schema version
2024v5.5
Source object
202620719349301707

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