Totals
- Total revenue
- $107,714,396
- Total expenses
- $103,358,614
- Contributions and grants received
- $7,262,999
- Grants paid
- $35,604,236
- Program service revenue
- $90,972,421
- Investment income
- $9,191,860
- Other revenue
- $287,116
- Total assets, end of year
- $167,560,889
- Total liabilities, end of year
- $30,715,070
- Net assets or fund balances, end of year
- $136,845,819
- Program services expenses (Part IX)
- $91,765,849
- Management and general expenses
- $10,718,022
- Fundraising expenses
- $874,743
- Program service expenses (Part III)
- $91,765,849
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)
$1,313,233
-
1f · All other contributions, gifts and grants
$5,949,766
-
1g · Noncash contributions included above
$381,344
-
2a · Program service revenue: TUITION AND FEES
total $67,634,936 · related or exempt $67,634,936
-
2b · Program service revenue: ROOM AND BOARD
total $16,737,487 · related or exempt $16,737,487
-
2c · Program service revenue: OTHER AUXILIARY SERVICES
total $4,942,609 · related or exempt $4,942,609
-
2d · Program service revenue: BOOKSTORE
total $1,466,882 · related or exempt $1,466,882
-
2e · Program service revenue: STUDENT LOAN INTEREST AND FEES
total $190,507 · related or exempt $190,507
-
3 · Investment income
total $1,925,657 · excluded $1,925,657
-
6a · Gross rents
real property $21,966
-
6b · Less rental expenses
real property $16,977
-
6c · Rental income or loss
real property $4,989
-
6d · Net rental income or loss
total $4,989 · unrelated business $4,989
-
7a · Gross sales of assets other than inventory
securities $6,848,474 · other assets $563,865
-
7b · Less cost or other basis and sales expenses
securities $0 · other assets $146,136
-
7c · Gain or loss
securities $6,848,474 · other assets $417,729
-
7d · Net gain or loss
total $7,266,203 · excluded $7,266,203
-
11a · Other revenue: REBATES
total $282,127 · related or exempt $282,127
-
11e · Other revenue, total
$282,127
Functional expenses
Part IX, the statement of functional expenses.
-
2 · Grants to domestic individuals
total $35,604,236 · program services $35,604,236
-
5 · Compensation of officers, directors and key employees
total $720,302 · management and general $720,302
-
7 · Other salaries and wages
total $26,359,010 · program services $22,540,020 · management and general $3,369,419 · fundraising $449,571
-
8 · Pension plan contributions
total $1,070,096 · program services $914,983 · management and general $136,863 · fundraising $18,250
-
9 · Other employee benefits
total $4,590,376 · program services $3,854,432 · management and general $659,066 · fundraising $76,878
-
10 · Payroll taxes
total $1,928,207 · program services $1,608,387 · management and general $287,740 · fundraising $32,080
-
11b · Fees: legal
total $16,841 · management and general $16,841
-
11c · Fees: accounting
total $125,074 · management and general $125,074
-
11f · Fees: investment management
total $305,118 · management and general $305,118
-
11g · Fees: other
total $245,763 · program services $67,361 · management and general $178,402
-
12 · Advertising and promotion
total $1,686,286 · program services $669,174 · management and general $1,017,112
-
13 · Office expenses
total $912,254 · program services $692,397 · management and general $219,857
-
14 · Information technology
total $1,232,026 · program services $49,738 · management and general $1,182,288
-
16 · Occupancy
total $2,832,994 · program services $2,776,129 · management and general $39,274 · fundraising $17,591
-
17 · Travel
total $2,298,066 · program services $2,166,330 · management and general $131,736
-
19 · Conferences, conventions and meetings
total $1,169,472 · program services $607,070 · management and general $562,402
-
20 · Interest
total $817,149 · program services $685,744 · management and general $65,758 · fundraising $65,647
-
22 · Depreciation, depletion and amortization
total $4,916,541 · program services $4,817,854 · management and general $68,159 · fundraising $30,528
-
23 · Insurance
total $986,589 · program services $52,599 · management and general $933,990
-
24a · Other expenses: OTHER STUDENT SERVICES
total $15,542,214 · program services $14,659,395 · management and general $698,621 · fundraising $184,198
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $6,505 · end of year $6,505
-
2 · Savings and temporary cash investments
beginning of year $13,008,456 · end of year $13,844,115
-
3 · Pledges and grants receivable
beginning of year $6,590,159 · end of year $6,362,623
-
4 · Accounts receivable
beginning of year $2,461,070 · end of year $1,068,644
-
8 · Inventories for sale or use
beginning of year $7,018 · end of year $6,379
-
9 · Prepaid expenses and deferred charges
beginning of year $1,020,197 · end of year $981,192
-
10a · Land, buildings and equipment: cost or other basis
$161,998,518
-
10b · Land, buildings and equipment: accumulated depreciation
$102,302,408
-
10c · Land, buildings and equipment, net
beginning of year $62,207,071 · end of year $59,696,110
-
11 · Investments: publicly traded securities
beginning of year $60,615,856 · end of year $65,328,013
-
12 · Investments: other securities
beginning of year $15,764,412 · end of year $15,219,242
-
13 · Investments: program-related
beginning of year $1,895,928 · end of year $2,217,084
-
15 · Other assets
beginning of year $2,492,968 · end of year $2,830,982
-
17 · Accounts payable and accrued expenses
beginning of year $3,466,279 · end of year $5,014,087
-
19 · Deferred revenue
beginning of year $8,991,363 · end of year $8,590,394
-
20 · Tax-exempt bond liabilities
beginning of year $18,028,475 · end of year $16,422,319
-
21 · Escrow or custodial account liability
beginning of year $112,618 · end of year $115,036
-
25 · Other liabilities
beginning of year $1,418,208 · end of year $573,234
-
27 · Net assets without donor restrictions
beginning of year $56,734,497 · end of year $55,449,743
-
28 · Net assets with donor restrictions
beginning of year $77,318,200 · end of year $81,396,076
Mission and programs · 2024
Mission
THE UNIVERSITY STATEMENT OF VALUES CONSISTS OF CHRISTIAN HERITAGE, BAPTIST HERITAGE, ACADEMIC EXCELLENCE, LIBERAL ARTS, TEAMWORK, A STUDENT-CENTERED FOCUS, COMMUNITY ENGAGEMENT AND DIVERSITY.
Activities or mission (Part I)
GARDNER-WEBB UNIVERSITY, A PRIVATE, CHRISTIAN, BAPTIST-RELATED UNIVERSITY, PROVIDES OUTSTANDING UNDERGRADUATE AND GRADUATE EDUCATION THAT IS STRONGLY GROUNDED IN THE LIBERAL ARTS WHILE OFFERING OPPORTUNITIES TO PREPARE FOR VARIOUS PROFESSIONS. FOSTERING MEANINGFUL INTELLECTUAL THOUGHT, CRITICAL ANALYSIS, AND SPIRITUAL CHALLENGE WITHIN A DIVERSE COMMUNITY OF LEARNING, GARDNER-WEBB IS DEDICATED TO HIGHER EDUCATION THAT INTEGRATES SCHOLARSHIP WITH CHRISTIAN LIFE. BY EMBRACING FAITH AND INTELLECTUAL FREEDOM, BALANCING CONVICTION WITH COMPASSION, AND INSPIRING A LOVE OF LEARNING, SERVICE, AND LEADERSHIP, GARDNER-WEBB PREPARES ITS GRADUATES TO MAKE SIGNIFICANT CONTRIBUTIONS FOR GOD AND HUMANITY IN AN EVER-CHANGING GLOBAL COMMUNITY.
-
THE PRIMARY GOAL OF GARDNER-WEBB UNIVERSITY IS TO PROVIDE EDUCATION TO STUDENTS. THE UNIVERSITY OFFERS UNDERGRADUATE, GRADUATE, AND DOCTORAL DEGREES. THE UNIVERSITY ENROLLED APPROXIMATELY 3,000 STUDENTS DURING 2024-2025 AND AWARDED APPROXIMATELY $32M IN SCHOLARSHIPS AND TUITION ASSISTANCE.
Expenses $91,765,849 · Grants $35,604,236 · Revenue $91,254,548
As filed on the 2024 return.
Listed in Part VII
-
GARY H SMITH
CHAIR (THRU 12/2024)
- Total calculated
- $0
- Hours/week
- 1
-
LAMONT LITTLEJOHN
CHAIR (AS OF 1/2025)
- Total calculated
- $0
- Hours/week
- 1
-
LISA TUCKER
TREASURER (THRU 12/2024)
- Total calculated
- $0
- Hours/week
- 1
-
TOM BELL
SECRETARY (AS OF 1/2025)
- Total calculated
- $0
- Hours/week
- 1
-
DAVID BRINKLEY
VICE CHAIR (AS OF 1/2025)
- Total calculated
- $0
- Hours/week
- 1
-
ED COOK
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
VERHONDA CRAWFORD
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
BILL ELLIS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
CHRIS GASH
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
TERESA HAMRICK HUGGINS
TRUSTEE (THRU 12/2024)
- Total calculated
- $0
- Hours/week
- 1
-
DELAINA ADAMS JONES
TRUSTEE (THRU 12/2024)
- Total calculated
- $0
- Hours/week
- 1
-
JESSE SPRINKLE
TREASURER (AS OF 1/2025)
- Total calculated
- $0
- Hours/week
- 1
-
JOHN TEETER
TRUSTEE (THRU 12/2024)
- Total calculated
- $0
- Hours/week
- 1
-
JENSEN TURNER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
PHILIP TURNER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
ARCHIE WOOD
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
REV RAY HARDEE
TRUSTEE (AS OF 1/2025)
- Total calculated
- $0
- Hours/week
- 1
-
DR ASHLEY LOWERY
TRUSTEE (AS OF 1/2025)
- Total calculated
- $0
- Hours/week
- 1
-
CINDY PUTNAM-EVANS
TRUSTEE (AS OF 1/2025)
- Total calculated
- $0
- Hours/week
- 1
-
REV JOHNNY SEARIGHT
TRUSTEE (AS OF 1/2025)
- Total calculated
- $0
- Hours/week
- 1
-
LINDA SHELTON
TRUSTEE (AS OF 1/2025)
- Total calculated
- $0
- Hours/week
- 1
-
WILLIAM M DOWNS
PRESIDENT (THRU 2/2025)
- Total calculated
- $564,328
- From this org
- $492,372
- From related orgs
- $0
- Other
- $71,956
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $492,372
- Bonus
- $0
- Other
- $0
- Deferred
- $20,700
- Nontaxable benefits
- $51,256
- Filer's total
- $564,328
-
KAREN AUBREY
PROVOST
- Total calculated
- $213,727
- From this org
- $201,570
- From related orgs
- $0
- Other
- $12,157
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $201,570
- Bonus
- $0
- Other
- $0
- Deferred
- $12,094
- Nontaxable benefits
- $63
- Filer's total
- $213,727
-
MICHAEL WHITEMAN
VP FOR BUSINESS AND FINANCE
- Total calculated
- $212,402
- From this org
- $174,562
- From related orgs
- $0
- Other
- $37,840
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $174,562
- Bonus
- $0
- Other
- $0
- Deferred
- $11,310
- Nontaxable benefits
- $26,530
- Filer's total
- $212,402
-
DEAN CLARK
VP FOR ENROLLMENT
- Total calculated
- $177,711
- From this org
- $158,227
- From related orgs
- $0
- Other
- $19,484
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $158,227
- Bonus
- $0
- Other
- $0
- Deferred
- $9,623
- Nontaxable benefits
- $9,861
- Filer's total
- $177,711
-
ANDREW GOODRICH
VP FOR ATHLETICS
- Total calculated
- $226,730
- From this org
- $198,264
- From related orgs
- $0
- Other
- $28,466
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $198,264
- Bonus
- $0
- Other
- $0
- Deferred
- $12,210
- Nontaxable benefits
- $16,256
- Filer's total
- $226,730
-
PRINCE HYCY BULL
PROFESSOR
- Total calculated
- $203,858
- From this org
- $194,276
- From related orgs
- $0
- Other
- $9,582
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $194,276
- Bonus
- $0
- Other
- $0
- Deferred
- $9,519
- Nontaxable benefits
- $63
- Filer's total
- $203,858
-
CHRISTOPHER REISERT
FOOTBALL COACH
- Total calculated
- $223,196
- From this org
- $187,242
- From related orgs
- $0
- Other
- $35,954
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $187,242
- Bonus
- $0
- Other
- $0
- Deferred
- $10,175
- Nontaxable benefits
- $25,779
- Filer's total
- $223,196
-
NATHANIEL EVANS
VP, ADVANCEMENT/INTERIM PRESIDENT
- Total calculated
- $184,564
- From this org
- $161,223
- From related orgs
- $0
- Other
- $23,341
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $161,223
- Bonus
- $0
- Other
- $0
- Deferred
- $9,730
- Nontaxable benefits
- $13,611
- Filer's total
- $184,564
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 · 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)
- PART I, LINE 1A
- THE PRESIDENT AND VP & DIRECTOR OF ATHLETICS HAVE A COUNTRY CLUB MEMBERSHIP EXCLUSIVELY FOR BUSINESS PURPOSES, SUCH AS MEETINGS WITH FRIENDS OF THE UNIVERSITY. THEREFORE, THE VALUE OF THE MEMBERSHIP HAS NOT BEEN TREATED AS A TAXABLE BENEFIT. THE PRESIDENT IS GIVEN A HOUSING ALLOWANCE TOTALING $35,000 ANNUALLY. THE HOUSING IS GIVEN FOR THE CONVENIENCE OF THE UNIVERSITY, AND HAS THEREFORE NOT BEEN TREATED AS A TAXABLE BENEFIT.
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.
Related corporations and trusts
Part IV: related organizations taxable as a corporation or trust.
-
CHARITABLE REMAINDER TRUSTS (19)
T · INVESTMENTS · NC
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 12 May 2026
- IRS schema version
- 2024v5.5
- Source object
- 202611349349306161
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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