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Nonprofiteer
← CENTRAL METHODIST UNIVERSITY

Form 990 for tax year 2024

Filed by CENTRAL METHODIST UNIVERSITY.

Totals

Total revenue
$62,064,522
Total expenses
$61,713,162
Contributions and grants received
$7,691,083
Grants paid
$19,454,540
Program service revenue
$52,669,790
Investment income
$1,290,767
Other revenue
$412,882
Total assets, end of year
$169,855,977
Total liabilities, end of year
$9,803,649
Net assets or fund balances, end of year
$160,052,328
Program services expenses (Part IX)
$54,970,785
Management and general expenses
$5,662,390
Fundraising expenses
$1,079,987
Program service expenses (Part III)
$54,970,785

Program services were 89.1% 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)

    $643,008

  • 1f · All other contributions, gifts and grants

    $7,048,075

  • 1g · Noncash contributions included above

    $209,889

  • 2a · Program service revenue: TUITION AND FEES

    total $46,069,588 · related or exempt $46,069,588

  • 2b · Program service revenue: RESIDENCE HALLS

    total $3,412,334 · related or exempt $3,412,334

  • 2c · Program service revenue: DINING HALL

    total $2,996,830 · related or exempt $2,996,830

  • 2d · Program service revenue: BOOKSTORE

    total $191,038 · related or exempt $54,447 · unrelated business $136,591

  • 3 · Investment income

    total $1,293,037 · excluded $1,293,037

  • 6a · Gross rents

    real property $67,324

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $67,324

  • 6d · Net rental income or loss

    total $67,324 · related or exempt $67,324

  • 7a · Gross sales of assets other than inventory

    securities $15,271,389

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

    securities $15,273,659

  • 7c · Gain or loss

    securities -$2,270

  • 7d · Net gain or loss

    total -$2,270 · excluded -$2,270

  • 11a · Other revenue: MISCELLANEOUS

    total $345,558 · related or exempt $345,558

  • 11e · Other revenue, total

    $345,558

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $19,454,540 · program services $19,454,540

  • 5 · Compensation of officers, directors and key employees

    total $1,619,593 · program services $1,036,647 · management and general $421,126 · fundraising $161,820

  • 7 · Other salaries and wages

    total $20,260,833 · program services $18,367,084 · management and general $1,422,531 · fundraising $471,218

  • 8 · Pension plan contributions

    total $991,247 · program services $722,779 · management and general $238,565 · fundraising $29,903

  • 9 · Other employee benefits

    total $2,559,037 · program services $2,331,103 · management and general $157,581 · fundraising $70,353

  • 10 · Payroll taxes

    total $1,368,244 · program services $1,257,367 · management and general $78,493 · fundraising $32,384

  • 11b · Fees: legal

    total $9,063 · management and general $9,063

  • 11c · Fees: accounting

    total $110,761 · management and general $110,761

  • 11f · Fees: investment management

    total $40,430 · management and general $40,430

  • 11g · Fees: other

    total $189,086 · program services $50,939 · management and general $20,021 · fundraising $118,126

  • 12 · Advertising and promotion

    total $290,432 · program services $105,304 · management and general $161,323 · fundraising $23,805

  • 13 · Office expenses

    total $1,217,650 · program services $992,838 · management and general $160,244 · fundraising $64,568

  • 16 · Occupancy

    total $1,605,606 · program services $1,427,689 · management and general $177,917

  • 17 · Travel

    total $1,765,999 · program services $1,447,434 · management and general $243,730 · fundraising $74,835

  • 20 · Interest

    total $80,276 · program services $80,276

  • 22 · Depreciation, depletion and amortization

    total $3,305,990 · program services $2,878,489 · management and general $427,501

  • 23 · Insurance

    total $830,113 · management and general $830,113

  • 24a · Other expenses: OTHER EXPENSE

    total $1,951,725 · program services $1,387,645 · management and general $563,235 · fundraising $845

  • 24b · Other expenses: FOOD SERVICE

    total $1,646,704 · program services $1,617,472 · management and general $27,458 · fundraising $1,774

  • 24c · Other expenses: REPAIRS AND MAINTENANCE

    total $1,172,949 · program services $783,118 · management and general $389,831 · fundraising $0

  • 24d · Other expenses: DUES AND MEMBERSHIP

    total $1,017,342 · program services $891,288 · management and general $97,894 · fundraising $28,160

  • 24e · All other expenses

    total $225,542 · program services $138,773 · management and general $84,573 · fundraising $2,196

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $28,727,092 · end of year $28,079,062

  • 3 · Pledges and grants receivable

    beginning of year $4,165,842 · end of year $4,661,825

  • 4 · Accounts receivable

    beginning of year $984,831 · end of year $1,119,887

  • 8 · Inventories for sale or use

    beginning of year $226,206 · end of year $190,891

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

    $104,018,829

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

    $54,914,727

  • 10c · Land, buildings and equipment, net

    beginning of year $50,663,003 · end of year $49,104,102

  • 11 · Investments: publicly traded securities

    beginning of year $57,836,629 · end of year $63,760,338

  • 12 · Investments: other securities

    beginning of year $18,877,107 · end of year $19,593,124

  • 15 · Other assets

    beginning of year $3,380,157 · end of year $3,346,748

  • 17 · Accounts payable and accrued expenses

    beginning of year $2,914,942 · end of year $2,185,926

  • 19 · Deferred revenue

    beginning of year $3,326,571 · end of year $3,750,226

  • 20 · Tax-exempt bond liabilities

    beginning of year $3,615,000 · end of year $3,135,000

  • 25 · Other liabilities

    beginning of year $885,504 · end of year $732,497

  • 27 · Net assets without donor restrictions

    beginning of year $90,911,653 · end of year $90,985,858

  • 28 · Net assets with donor restrictions

    beginning of year $63,207,197 · end of year $69,066,470

Mission and programs · 2024

Mission

CENTRAL METHODIST UNIVERSITY FOSTERS A DIVERSE AND CARING COMMUNITY, EMPOWERING STUDENTS TO BECOME LIFELONG LEARNERS, COMMITTED TO ACADEMIC EXCELLENCE, PREPARED TO ENGAGE IN A COMPLEX WORLD.

  • SCHOLARSHIP PROGRAMS AND STUDENT FINANCIAL ASSISTANCE - SCHOLARSHIPS ARE AWARDED TO OVER 90% OF FULL-TIME STUDENTS

    Expenses $19,454,540 · Grants $19,454,540

  • HIGHER EDUCATION STUDENT SERVICES FOR ACTIVITIES THAT CONTRIBUTE TO THE STUDENT EXPERIENCE

    Expenses $7,842,030

  • HIGHER EDUCATION INSTRUCTION AND RESEARCH EXPENDITURES TO OPERATE INSTITUTION FOR OVER 3,800 STUDENTS

    Expenses $22,924,999 · Revenue $46,069,588

  • HIGHER EDUCATION AUXILIARY EXPENSES - EXPENSES FOR ROOM AND BOARD FOR OVER 600 STUDENTS LIVING ON CAMPUS

    Expenses $4,749,216 · Revenue $6,876,493

  • EDUCATIONAL DELIVERY, GENERAL/OTHER ACADEMIC SUPPORT - MISCELLANEOUS OTHER SUPPORT FOR EDUCATIONAL PROGRAMS

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • JACQUE RICHMOND

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • DAVID ATKINS

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • ROBERT ANDERSON

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • ROBERT BLANTON

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • MARILYN CAUL

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • MARK DEMPSEY

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • DAVID LEMKE

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • JIM MARCHBANK

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • BISHOP ROBERT FARR

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • TED HOUSE

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • JULIE PARRISH

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • CLAYTON SMITH

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • JANET JACOBS

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • RON KNIGGE

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • KIRK MEYER

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • TERRY HENDERSON

    VICE CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

  • NANCY PEACOCK

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

  • CHRISTINA SHUTT

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • JIM MATHER

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • SHARON RUBEY

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • BRUCE ADDISON

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • LYNN MINER

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • FRANK WALLIS

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • WILLIAM WASHBURN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • ROGER DRAKE

    PRESIDENT/TRUSTEE

    Total calculated
    $386,256
    From this org
    $342,170
    From related orgs
    $0
    Other
    $44,086
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $341,879
    Bonus
    $0
    Other
    $291
    Deferred
    $22,890
    Nontaxable benefits
    $21,196
    Filer's total
    $386,256

  • LARRY TUCKER

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • TERRI SWAN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • JAY SHELTON

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • JW ARNOLD

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • DEBORAH DODGE

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • IVAN JAMES III

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • PAULA JUST

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • TAD PERRY

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • ERIC TRELZ

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • SHELBY ALEXANDER

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • MELISSA DODD

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • HADLEY EDWARDS

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • MARK HARBISON

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • JAY JACOBS

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • JOHN ORSCHELN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • KELLIE PLATZ

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • JULEE SHERMAN

    VP FOR FINANCE & ADMINISTR

    Total calculated
    $226,804
    From this org
    $202,367
    From related orgs
    $0
    Other
    $24,437
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $202,367
    Bonus
    $0
    Other
    $0
    Deferred
    $15,268
    Nontaxable benefits
    $9,169
    Filer's total
    $226,804

  • CHAD GAINES

    VP FOR TECHNOLOGY AND PLANNING

    Total calculated
    $212,289
    From this org
    $188,869
    From related orgs
    $0
    Other
    $23,420
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $188,869
    Bonus
    $0
    Other
    $0
    Deferred
    $14,224
    Nontaxable benefits
    $9,196
    Filer's total
    $212,289

  • RITA GULSTAD

    VICE PRESIDENT/PROVOST

    Total calculated
    $325,385
    From this org
    $300,032
    From related orgs
    $0
    Other
    $25,353
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $300,032
    Bonus
    $0
    Other
    $0
    Deferred
    $16,157
    Nontaxable benefits
    $9,196
    Filer's total
    $325,385

  • WILLIAM SHEEHAN

    VP FOR ADVANCEMENT AND ALUMNI RELATIONS

    Total calculated
    $260,000
    From this org
    $232,624
    From related orgs
    $0
    Other
    $27,376
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $232,624
    Bonus
    $0
    Other
    $0
    Deferred
    $18,180
    Nontaxable benefits
    $9,196
    Filer's total
    $260,000

  • MELISSA MACE

    VP FOR ENROLLMENT

    Total calculated
    $186,047
    From this org
    $171,700
    From related orgs
    $0
    Other
    $14,347
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $171,700
    Bonus
    $0
    Other
    $0
    Deferred
    $5,151
    Nontaxable benefits
    $9,196
    Filer's total
    $186,047

  • STEPHANIE BRINK

    DEAN OF HEALTH PROFESSIONS

    Total calculated
    $233,726
    From this org
    $215,000
    From related orgs
    $0
    Other
    $18,726
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $215,000
    Bonus
    $0
    Other
    $0
    Deferred
    $9,563
    Nontaxable benefits
    $9,163
    Filer's total
    $233,726

  • SALLY HACKMAN

    ADMINISTRATOR

    Total calculated
    $155,802
    From this org
    $139,340
    From related orgs
    $0
    Other
    $16,462
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $139,340
    Bonus
    $0
    Other
    $0
    Deferred
    $7,275
    Nontaxable benefits
    $9,187
    Filer's total
    $155,802

  • CARLENA KLUSMEYER

    ADMINISTRATOR

    Total calculated
    $164,769
    From this org
    $151,922
    From related orgs
    $0
    Other
    $12,847
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $151,922
    Bonus
    $0
    Other
    $0
    Deferred
    $3,795
    Nontaxable benefits
    $9,052
    Filer's total
    $164,769

  • DORI WAGGONER

    ADMINISTRATOR

    Total calculated
    $150,279
    From this org
    $132,356
    From related orgs
    $0
    Other
    $17,923
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $132,356
    Bonus
    $0
    Other
    $0
    Deferred
    $9,402
    Nontaxable benefits
    $8,521
    Filer's total
    $150,279

  • DAVID GORTON

    ADMINISTRATOR

    Total calculated
    $184,790
    From this org
    $169,707
    From related orgs
    $0
    Other
    $15,083
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $169,707
    Bonus
    $0
    Other
    $0
    Deferred
    $5,947
    Nontaxable benefits
    $9,136
    Filer's total
    $184,790

  • BRAD DIXON

    VP OF STUDENT LIFE

    Total calculated
    $124,827
    From this org
    $107,033
    From related orgs
    $0
    Other
    $17,794
    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
  • 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 · Written employment contract
  • 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'S RESIDENCE IS USED FOR BUSINESS PURPOSES AND TO FURTHER THE MISSION OF CENTRAL METHODIST UNIVERSITY. THE PRESIDENT IS REQUIRED TO RESIDE IN THE RESIDENCE AND HOST MANY EVENTS FOR FACULTY, STAFF, ALUMNI, BOARD MEMBERS, AND OTHERS.

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
4 May 2026
IRS schema version
2024v5.5
Source object
202621249349302422

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