Totals
- Total revenue
- $81,097,533
- Total expenses
- $82,486,697
- Contributions and grants received
- $8,996,086
- Grants paid
- $25,400,110
- Program service revenue
- $65,557,939
- Investment income
- $6,549,928
- Other revenue
- -$6,420
- Total assets, end of year
- $294,583,155
- Total liabilities, end of year
- $74,297,059
- Net assets or fund balances, end of year
- $220,286,096
- Program services expenses (Part IX)
- $68,121,670
- Management and general expenses
- $12,028,411
- Fundraising expenses
- $2,336,616
- Program service expenses (Part III)
- $68,121,670
Program services were 82.6% 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.
-
1e · Government grants (contributions)
$372,070
-
1f · All other contributions, gifts and grants
$8,624,016
-
1g · Noncash contributions included above
$457,875
-
2a · Program service revenue: TUITION AND FEES
total $53,678,109 · related or exempt $53,678,109 · unrelated business $0 · excluded $0
-
2b · Program service revenue: AUXILIARY SERVICES
total $10,771,185 · related or exempt $10,771,185 · unrelated business $0 · excluded $0
-
2c · Program service revenue: OTHER FEES/ADMISSIONS
total $1,108,645 · related or exempt $1,108,645 · unrelated business $0 · excluded $0
-
2f · All other program service revenue
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
3 · Investment income
total $5,811,592 · related or exempt $0 · unrelated business -$46,598 · excluded $5,858,190
-
6a · Gross rents
real property $62,071 · personal property $0
-
6b · Less rental expenses
real property $68,491 · personal property $0
-
6c · Rental income or loss
real property -$6,420 · personal property $0
-
6d · Net rental income or loss
total -$6,420 · related or exempt $0 · unrelated business $0 · excluded -$6,420
-
7a · Gross sales of assets other than inventory
securities $12,306,044 · other assets $0
-
7b · Less cost or other basis and sales expenses
securities $11,567,708 · other assets $0
-
7c · Gain or loss
securities $738,336 · other assets $0
-
7d · Net gain or loss
total $738,336 · related or exempt $0 · unrelated business $3,863 · excluded $734,473
-
11d · All other revenue
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
11e · Other revenue, total
$0
Functional expenses
Part IX, the statement of functional expenses.
-
2 · Grants to domestic individuals
total $25,400,110 · program services $25,400,110
-
4 · Benefits paid to or for members
total $0 · program services $0
-
5 · Compensation of officers, directors and key employees
total $1,811,500 · program services $912,500 · management and general $899,000 · fundraising $0
-
7 · Other salaries and wages
total $21,078,752 · program services $18,929,229 · management and general $1,049,469 · fundraising $1,100,054
-
8 · Pension plan contributions
total $1,001,990 · program services $861,200 · management and general $84,236 · fundraising $56,554
-
9 · Other employee benefits
total $2,712,475 · program services $2,385,731 · management and general $209,801 · fundraising $116,943
-
10 · Payroll taxes
total $1,600,853 · program services $1,369,530 · management and general $152,468 · fundraising $78,855
-
11a · Fees: management
total $5,231,515 · program services $5,231,515
-
11b · Fees: legal
total $320,377 · program services $167,848 · management and general $138,502 · fundraising $14,027
-
11c · Fees: accounting
total $205,700 · program services $107,768 · management and general $88,926 · fundraising $9,006
-
11f · Fees: investment management
total $238,432 · program services $0 · management and general $238,432 · fundraising $0
-
11g · Fees: other
total $3,717,444 · program services $1,947,602 · management and general $1,607,084 · fundraising $162,758
-
12 · Advertising and promotion
total $305,716 · program services $160,167 · management and general $132,164 · fundraising $13,385
-
13 · Office expenses
total $775,465 · program services $406,273 · management and general $335,240 · fundraising $33,952
-
14 · Information technology
total $2,780,938 · program services $1,456,958 · management and general $1,202,224 · fundraising $121,756
-
15 · Royalties
total $5,371 · program services $2,814 · management and general $2,322 · fundraising $235
-
16 · Occupancy
total $12,415 · program services $6,504 · management and general $5,367 · fundraising $544
-
17 · Travel
total $1,833,953 · program services $1,648,196 · management and general $138,958 · fundraising $46,799
-
19 · Conferences, conventions and meetings
total $414,406 · program services $217,111 · management and general $179,151 · fundraising $18,144
-
20 · Interest
total $3,028,999 · program services $1,586,919 · management and general $1,309,463 · fundraising $132,617
-
22 · Depreciation, depletion and amortization
total $4,250,911 · program services $2,227,090 · management and general $1,837,706 · fundraising $186,115
-
23 · Insurance
total $1,278,585 · program services $669,862 · management and general $552,744 · fundraising $55,979
-
24a · Other expenses: UTILITIES
total $2,706,033 · program services $1,417,715 · management and general $1,169,842 · fundraising $118,476
-
24b · Other expenses: REPAIRS/SERVICE AGREEMENTS
total $1,293,075 · program services $677,453 · management and general $559,008 · fundraising $56,614
-
24c · Other expenses: MEMBERSHIPS & DUES
total $315,292 · program services $165,185 · management and general $136,304 · fundraising $13,803
-
24d · Other expenses: BAD DEBTS
total $166,390 · program services $166,390 · management and general $0 · fundraising $0
-
24e · All other expenses
total $0 · program services $0 · management and general $0 · fundraising $0
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $2,000 · end of year $2,000
-
2 · Savings and temporary cash investments
beginning of year $22,151,235 · end of year $14,156,748
-
3 · Pledges and grants receivable
beginning of year $8,334,008 · end of year $5,924,729
-
4 · Accounts receivable
beginning of year $2,174,707 · end of year $3,027,643
-
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 $5,708 · end of year $0
-
9 · Prepaid expenses and deferred charges
beginning of year $5,589,377 · end of year $5,707,796
-
10a · Land, buildings and equipment: cost or other basis
$208,965,757
-
10b · Land, buildings and equipment: accumulated depreciation
$86,758,366
-
10c · Land, buildings and equipment, net
beginning of year $115,601,852 · end of year $122,207,391
-
11 · Investments: publicly traded securities
beginning of year $68,826,156 · end of year $91,282,748
-
12 · Investments: other securities
beginning of year $64,016,185 · end of year $46,996,531
-
13 · Investments: program-related
beginning of year $0
-
14 · Intangible assets
beginning of year $0 · end of year $0
-
15 · Other assets
beginning of year $4,671,835 · end of year $5,277,569
-
17 · Accounts payable and accrued expenses
beginning of year $9,001,716 · end of year $8,037,442
-
18 · Grants payable
beginning of year $0 · end of year $0
-
19 · Deferred revenue
beginning of year $2,219,314 · end of year $2,213,571
-
20 · Tax-exempt bond liabilities
beginning of year $51,567,942 · end of year $51,606,408
-
21 · Escrow or custodial account liability
beginning of year $198,015 · end of year $171,793
-
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 $0 · end of year $0
-
24 · Unsecured notes and loans payable
beginning of year $0 · end of year $0
-
25 · Other liabilities
beginning of year $12,941,623 · end of year $12,267,845
-
27 · Net assets without donor restrictions
beginning of year $66,823,485 · end of year $67,082,512
-
28 · Net assets with donor restrictions
beginning of year $148,620,968 · end of year $153,203,584
Mission and programs · 2024
Mission
PROVIDE EDUCATIONAL PROGRAMS AND CONFER UNDERGRADUATE DEGREES IN APPROXIMATELY 60 ACADEMIC PROGRAMS OF STUDY. THE UNIVERSITY OFFERS 57 DIFFERENT PROGRAMS OF STUDY FOR UNDERGRADUATES AND 24 DIFFERENT PROGRAMS FOR GRADUATE DEGREES.
Activities or mission (Part I)
LENOIR-RHYNE UNIVERSITY PROVIDES PROGRAMS OF UNDERGRADUATE, GRADUATE AND CONTINUING STUDY COMMITTED TO THE LIBERAL ARTS AND SCIENCES. THE UNIVERSITY AWARDS BACHELORS AND MASTER DEGREES.
-
EXPENSES RELATED TO PROVIDING THE PRIMARY PURPOSE OF EDUCATION FOR UNDERGRADUATE AND GRADUATE STUDENTS.
Expenses $59,036,077 · Grants $25,400,110 · Revenue $53,678,109
-
AUXILIARY SERVICES - EXPENSES RELATED TO THE FUNCTION OF FURNISHING GOODS OR SERVICES TO STUDENTS, FACULTY, OR STAFF. EXAMPLES ARE RESIDENCE HALLS AND FOOD SERVICES.
Expenses $5,448,626 · Revenue $10,771,185
-
ACADEMIC SUPPORT - EXPENSES INCURRED TO PROVIDE SUPPORT SERVICES FOR THE INSTITUTION'S PRIMARY MISSION OF INSTRUCTION.
Expenses $3,636,967 · Revenue $1,108,645
As filed on the 2024 return.
Listed in Part VII
-
Boyd C Wilson JrBOYD C WILSON JR
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Dr Frederick K WhittDR FREDERICK K WHITT
PRESIDENT
- Total calculated
- $584,488
- From this org
- $492,170
- From related orgs
- $0
- Other
- $92,318
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $436,161
- Bonus
- $50,000
- Other
- $6,009
- Deferred
- $74,200
- Nontaxable benefits
- $18,118
- Filer's total
- $584,488
-
Janie Parks PeakJANIE PARKS PEAK
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Jearld LeonhardtJEARLD LEONHARDT
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Katherine EschKATHERINE ESCH
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
Madeleine S DassowMADELEINE S DASSOW
CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Boyd GeorgeBOYD GEORGE
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Chris PeekCHRIS PEEK
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Corie PaulingCORIE PAULING
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Edward Beard JrEDWARD BEARD JR
AT LARGE
- Total calculated
- $0
- Hours/week
- 1
-
Gabrielle KellyGABRIELLE KELLY
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
George A MoretzGEORGE A MORETZ
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Hansel R McCrorieHANSEL R MCCRORIE
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Isaiah OglesbyISAIAH OGLESBY
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Katherine McKenzieKATHERINE MCKENZIE
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Leslie LambertLESLIE LAMBERT
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Margaret JacksonMARGARET JACKSON
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Marvin S EdwardsMARVIN S EDWARDS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Michael ThomasMICHAEL THOMAS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Perrell D BessPERRELL D BESS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Rev Christopher WebbREV CHRISTOPHER WEBB
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Rev Dr Eric ChildersREV DR ERIC CHILDERS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Rev Dr Timothy M SmithREV DR TIMOTHY M SMITH
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Rick GoeresRICK GOERES
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Stephanie DelgadoSTEPHANIE DELGADO
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Stephen MisenheimerSTEPHEN MISENHEIMER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Steven CarterSTEVEN CARTER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Catherine Niekro
VP Institutional Advancement
- Total calculated
- $244,390
- From this org
- $194,175
- From related orgs
- $0
- Other
- $50,215
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $191,613
- Bonus
- $0
- Other
- $2,562
- Deferred
- $33,167
- Nontaxable benefits
- $17,048
- Filer's total
- $244,390
-
Dr JENNIFER BURRIS
PROVOST & VP ACADEMIC AFFAIRS
- Total calculated
- $266,509
- From this org
- $215,238
- From related orgs
- $0
- Other
- $51,271
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $214,686
- Bonus
- $0
- Other
- $552
- Deferred
- $40,200
- Nontaxable benefits
- $11,071
- Filer's total
- $266,509
-
Jeremy ShreveJEREMY SHREVE
VP BUSINESS & FINANCE
- Total calculated
- $252,281
- From this org
- $193,108
- From related orgs
- $0
- Other
- $59,173
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $192,868
- Bonus
- $0
- Other
- $240
- Deferred
- $34,680
- Nontaxable benefits
- $24,493
- Filer's total
- $252,281
-
Douglas Socha
Head Football Coach
- Total calculated
- $173,989
- From this org
- $142,648
- From related orgs
- $0
- Other
- $31,341
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $130,071
- Bonus
- $5,000
- Other
- $7,577
- Deferred
- $11,250
- Nontaxable benefits
- $20,091
- Filer's total
- $173,989
-
Kimberly PateKIMBERLY PATE
VP ATHLETICS (ended 9/17/2024)
- Total calculated
- $182,365
- From this org
- $152,646
- From related orgs
- $0
- Other
- $29,719
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $122,376
- Bonus
- $30,000
- Other
- $270
- Deferred
- $11,515
- Nontaxable benefits
- $18,204
- Filer's total
- $182,365
-
Laura CrawleyLAURA CRAWLEY
VP MISSION ENGAGEMENT & INNOVATION (ended 8/01/2024)
- Total calculated
- $208,431
- From this org
- $178,690
- From related orgs
- $0
- Other
- $29,741
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $142,002
- Bonus
- $36,000
- Other
- $688
- Deferred
- $13,432
- Nontaxable benefits
- $16,309
- Filer's total
- $208,431
-
Loury Floyd
Assistant Provost for Academic Operations
- Total calculated
- $189,683
- From this org
- $157,908
- From related orgs
- $0
- Other
- $31,775
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $156,876
- Bonus
- $0
- Other
- $1,032
- Deferred
- $14,990
- Nontaxable benefits
- $16,785
- Filer's total
- $189,683
-
Wesley N Reid
Assistant Professor and Physician Assistant Studies Program Director
- Total calculated
- $155,268
- From this org
- $117,441
- From related orgs
- $0
- Other
- $37,827
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $116,889
- Bonus
- $0
- Other
- $552
- Deferred
- $12,850
- Nontaxable benefits
- $24,977
- Filer's total
- $155,268
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
- 3 · Compensation committee
- 3 · Compensation survey or study
- 3 · Approval by the board or compensation committee
- 4b · Supplemental nonqualified retirement plan
Answered no
- 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)
- Schedule J, Part I, Line 4b Supplemental nonqualified retirement plan
- PART II COLUMN C INCLUDES $50,000 CONTRIBUTION TO 457(F) NONQUALIFIED PLAN FOR FREDERICK K. WHITT.
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
- 2024
- Filed
- 2 April 2026
- IRS schema version
- 2024v5.1
- Source object
- 202640929349301109
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