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Nonprofiteer
← FRIENDS UNIVERSITY

Form 990 for tax year 2024

Filed by FRIENDS UNIVERSITY.

Totals

Total revenue
$52,851,669
Total expenses
$48,397,683
Contributions and grants received
$4,274,991
Grants paid
$17,501,942
Program services expenses (Part IX)
$43,358,396
Management and general expenses
$4,244,567
Fundraising expenses
$794,720
Program service expenses (Part III)
$43,358,396

Program services were 89.6% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • DR AMY CAREY

    TRUSTEE/PRESIDENT

    Total calculated
    $353,907
    From this org
    $294,440
    From related orgs
    $0
    Other
    $59,467
    Hours/week
    50 + 1 related

    Schedule J breakdown matched by us

    Base
    $274,500
    Bonus
    $0
    Other
    $19,940
    Deferred
    $13,890
    Nontaxable benefits
    $45,577
    Filer's total
    $353,907
  • DR JOHN LEWIS

    TRUSTEE/VICE CHAIR - ENDING OCTOBER 2024

    Total calculated
    $0
    Hours/week
    5
  • DR KEVIN HOPPOCK

    TRUSTEE/VICE CHAIR - BEGINNING OCTOBER 2024

    Total calculated
    $0
    Hours/week
    5
  • DR THAYNE THOMPSON

    TRUSTEE/CHAIR

    Total calculated
    $0
    Hours/week
    5
  • REGINA MILLER

    TRUSTEE/ SECRETARY

    Total calculated
    $0
    Hours/week
    5
  • ROBERT CASPER

    TRUSTEE/TREASURER

    Total calculated
    $0
    Hours/week
    5
  • BRENT EDMISTEN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • DANIEL LITTLER

    TRUSTEE - BEGINNING OCTOBER 2024

    Total calculated
    $0
    Hours/week
    1
  • DR KENT WALKEMEYER

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • G ALEX MELUGIN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • GIL ALVAREZ

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • JAMES NAGY

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • JANA MCDANIEL

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • JEFF RAMSEY

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • KEVIN HENDERSON

    TRUSTEE - ENDING OCTOBER 2024

    Total calculated
    $0
    Hours/week
    1
  • KIMBERLY DUGGER ATTWATER

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • LYNN GHORMLEY

    TRUSTEE - BEGINNING OCTOBER 2024

    Total calculated
    $0
    Hours/week
    1
  • MATTHEW SHEPHERD

    TRUSTEE/ AA CHAIR BEGINNING OCTOBER 2024

    Total calculated
    $0
    Hours/week
    1
  • NATHAN FOREMAN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • PAUL MOORE

    TRUSTEE - ENDING OCTOBER 2024

    Total calculated
    $0
    Hours/week
    1
  • RENAE RYAN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • SHANNON BOHM

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • VICKIE YOUNG BEAM

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • KEN STOLTZFUS

    VP, ACADEMIC AFFAIRS

    Total calculated
    $159,545
    From this org
    $146,382
    From related orgs
    $0
    Other
    $13,163
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $146,160
    Bonus
    $0
    Other
    $222
    Deferred
    $7,314
    Nontaxable benefits
    $5,849
    Filer's total
    $159,545
  • SCOTT FREY

    VP, FINANCE

    Total calculated
    $150,657
    From this org
    $142,628
    From related orgs
    $0
    Other
    $8,029
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $142,100
    Bonus
    $0
    Other
    $528
    Deferred
    $3,605
    Nontaxable benefits
    $4,424
    Filer's total
    $150,657
  • PAUL RAMSEYER

    VP, ATHLETICS AND STRATEGIC ADVANCEMENT

    Total calculated
    $141,288
    From this org
    $116,690
    From related orgs
    $0
    Other
    $24,598
    Hours/week
    50
  • PRESTON TODD

    VP, ENROLLMENT MANAGEMENT

    Total calculated
    $139,862
    From this org
    $114,865
    From related orgs
    $0
    Other
    $24,997
    Hours/week
    50

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 — 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 · Travel for companions
  • 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 · Independent compensation consultant
  • 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)

Schedule J, Part I, Line 1a Travel for companions
TRAVEL FOR COMPANIONS: THE COLLEGE PROVIDED TRAVEL EXPENSES FOR THE PRESIDENT'S SPOUSE TO EVENTS THROUGHOUT THE YEAR. THESE ITEMS ARE NOT REPORTED ON A W-2 AS LONG AS THERE IS A BONAFIDE BUSINESS PURPOSE FOR THE SPOUSE TO PARTICIPATE IN THE EVENT.
Schedule J, Part I, Line 1a Housing allowance or residence for personal use
THE UNIVERSITY PRESIDENT IS REQUIRED BY CONTRACT TO LIVE IN A UNIVERSITY-PROVIDED HOUSE ADJACENT TO CAMPUS. THE HOUSING ALLOWANCE BENEFIT IS NOT CONSIDERED TAXABLE TO THE PRESIDENT.
Schedule J, Part I, Line 1a Health or social club dues or initiation fees
THE UNIVERSITY PAID ONE CLUB MEMBERSHIP FOR THE PRESIDENT; PORTIONS OF USE ARE CONSIDERED TAXABLE AND REPORTED AS INCOME ON THE PRESIDENT'S FORM W-2.

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.

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.

Provenance

Return type
form_990
Tax year
2024
Filed
14 May 2026
IRS schema version
2024v5.1
Source object
202601349349308320

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