Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Mar 1952.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
86 cents of each dollar spent went to programs.
Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.
Something off? Claim to add context
Who runs it and what they're paid
31 people listed on the 990; $1.6M paid to officers and key staff (Part VII, Section A).
Part VII, Section A · reportable compensation
President
Hours a week: 50
Hours a week: 50
$404,382Pt VII · Sec A
VP for Administration and Finance
Hours a week: 50
Hours a week: 50
$180,280Pt VII · Sec A
VP for Enrollment and Marketing
Hours a week: 50
Hours a week: 50
$171,623Pt VII · Sec A
VP of People & Support
Hours a week: 50
Hours a week: 50
$153,712Pt VII · Sec A
Provost & VP for Academic Affairs
Hours a week: 50
Hours a week: 50
$150,177Pt VII · Sec A
VP for Institutional Advan
Hours a week: 50
Hours a week: 50
$142,914Pt VII · Sec A
VP for Athletics
Hours a week: 50
Hours a week: 50
$127,869Pt VII · Sec A
VP for Admission/Student Engagement
Hours a week: 50
Hours a week: 50
$119,648Pt VII · Sec A
Professor
Hours a week: 50
Hours a week: 50
$109,663Pt VII · Sec A
Trustee
Hours a week: 2
Hours a week: 2
$0Pt VII · Sec A
Trustee
Hours a week: 2
Hours a week: 2
$0Pt VII · Sec A
Trustee
Hours a week: 2
Hours a week: 2
$0Pt VII · Sec A
Trustee
Hours a week: 2
Hours a week: 2
$0Pt VII · Sec A
Trustee
Hours a week: 2
Hours a week: 2
$0Pt VII · Sec A
Trustee
Hours a week: 2
Hours a week: 2
$0Pt VII · Sec A
Board Chair
Hours a week: 2
Hours a week: 2
$0Pt VII · Sec A
Trustee
Hours a week: 2
Hours a week: 2
$0Pt VII · Sec A
Trustee
Hours a week: 2
Hours a week: 2
$0Pt VII · Sec A
Trustee
Hours a week: 2
Hours a week: 2
$0Pt VII · Sec A
Trustee
Hours a week: 2
Hours a week: 2
$0Pt VII · Sec A
Trustee
Hours a week: 2
Hours a week: 2
$0Pt VII · Sec A
Trustee
Hours a week: 2
Hours a week: 2
$0Pt VII · Sec A
Trustee
Hours a week: 2
Hours a week: 2
$0Pt VII · Sec A
Board Vice Chair
Hours a week: 2
Hours a week: 2
$0Pt VII · Sec A
Trustee
Hours a week: 2
Hours a week: 2
$0Pt VII · Sec A
Trustee
Hours a week: 2
Hours a week: 2
$0Pt VII · Sec A
Trustee
Hours a week: 2
Hours a week: 2
$0Pt VII · Sec A
Trustee
Hours a week: 2
Hours a week: 2
$0Pt VII · Sec A
Trustee
Hours a week: 2
Hours a week: 2
$0Pt VII · Sec A
Trustee
Hours a week: 2
Hours a week: 2
$0Pt VII · Sec A
Trustee
Hours a week: 2
Hours a week: 2
$0Pt VII · Sec A
Dr Douglas Searcy’s $404K as President is at the 81st percentile of top reported officer pay among 3680 $10–100M education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.
Compensation history total reportable pay by year · 8 named individuals · Part VII
| Name | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Dr Douglas Searcy | $404,382 | $401,270 | $371,342 | $332,005 | $316,077 | $303,816 |
| Dr Gary Daynes | — | — | — | $128,378 | $184,321 | $179,670 |
| Danny Davis | $180,280 | $154,078 | — | — | — | — |
| Dennis Matthews | $171,623 | $179,697 | $176,930 | $180,093 | $172,500 | $162,200 |
| David Browning | — | — | — | $101,783 | $167,496 | $166,134 |
| Victoria Morris | $153,712 | $150,638 | $138,936 | $110,522 | — | — |
| Kevin Pennington | $150,177 | $149,677 | $143,363 | — | — | — |
| Kelly Taranto | $142,914 | $142,164 | $116,331 | — | — | — |
Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization, with a nickname or small spelling change read as the same person. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.
See Barton College executive salaries →Questions the 990 asks
The form asks each of these directly. These are the filed answers.
- Family or business ties among officersPt VI · Ln 2No
- Top official's pay set by an independent reviewPt VI · Ln 15aYes
Updates and questions
Educates students in liberal arts and professional programs, fostering bold thinking and leadership.
Our summary of the filed mission and programs (Form 990 Part III, line 4), not the words of the organization.
Questions for Barton College
Your first name shows with your question. Nobody from Barton College has claimed this page yet, so no one there sees or answers questions until they do.
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
Schedule I · received and paid
Grants received · from the funders’ 2025 returns
Dated by each funder’s own filing year, which may not match this organization’s fiscal year.
Serfco INC$1K
Total grants received, 2019–2025from 54 funders$7.0M
Grants paid · 6 grants · $109.9M · 2019–2024
Unitemized GrantFY2024$18,962,216
Unitemized GrantFY2023$19,584,823
Unitemized GrantFY2022$19,004,376
Unitemized GrantFY2021$17,804,990
Unitemized GrantFY2020$17,802,234
Unitemized GrantFY2019$16,729,928
Federal money
Single Audit · Federal Audit Clearinghouse · money spent from federal programs · USAspending
Year ending Jun 2025 · $11.2M federal money spent
Federal Direct Student LoansDepartment of Education · ALN 84.268 · Direct$7.7M
Federal Pell Grant ProgramDepartment of Education · ALN 84.063 · Direct$3.1M
Federal Work-Study ProgramDepartment of Education · ALN 84.033 · Direct$209K
Federal Supplemental Educational Opportunity GrantsDepartment of Education · ALN 84.007 · Direct$147K
The auditor reported 4 findings: a material weakness in money controls.
Year ending Jun 2024 · $11.0M federal money spent
Federal Direct Student LoansDepartment of Education · ALN 84.268 · Direct$8.1M
Federal Pell Grant ProgramDepartment of Education · ALN 84.063 · Direct$2.6M
Federal Work-Study ProgramDepartment of Education · ALN 84.033 · Direct$209K
Federal Supplemental Educational Opportunity GrantsDepartment of Education · ALN 84.007 · Direct$147K
The auditor reported no findings.
Year ending Jun 2023 · $11.6M federal money spent
Federal Direct Student LoansDepartment of Education · ALN 84.268 · Direct$8.8M
Federal Pell Grant ProgramDepartment of Education · ALN 84.063 · Direct$2.4M
Federal Work-Study ProgramDepartment of Education · ALN 84.033 · Direct$209K
Federal Supplemental Educational Opportunity GrantsDepartment of Education · ALN 84.007 · Direct$147K
The auditor reported no findings.
Year ending Jun 2022 · $15.1M federal money spent
Federal Direct Student LoansDepartment of Education · ALN 84.268 · Direct$9.1M
Education Stabilization FundDepartment of Education · ALN 84.425 · Direct$3.3M
Federal Pell Grant ProgramDepartment of Education · ALN 84.063 · Direct$2.3M
Federal Work-Study ProgramDepartment of Education · ALN 84.033 · Direct$209K
Federal Supplemental Educational Opportunity GrantsDepartment of Education · ALN 84.007 · Direct$147K
The auditor reported no findings.
About 21% of its revenue in the year ending Jun 2025 was federal money it spent ($11.2M of $52.7M).
Awards signed straight to it, by federal fiscal year (Oct to Sep), the last 5 years with money and the top agencies. An award is money promised, not money spent: one award can pay out over several years, so these do not add up to the money spent above. Money that came through a state or another group is not counted here. Last pulled from USAspending Nov 12, 2026.
Federal fiscal year 2026 · $3.2M in awards signed (not money spent) · other $3.2M
Department of Education$3.2M
Federal fiscal year 2025 · $3.5M in awards signed (not money spent) · other $3.5M
Department of Education$3.5M
Federal fiscal year 2024 · $3.2M in awards signed (not money spent) · other $3.2M
Department of Education$3.2M
Federal fiscal year 2023 · $2.7M in awards signed (not money spent) · other $2.7M
Department of Education$2.7M
Federal fiscal year 2022 · $1.3M in awards signed (not money spent) · other $1.3M
By the numbers
The FY2025 990, line by line.
Download 990
1The main four
Money inPt VIII
$52.7M
Ln 12
Fees for servicesLn 2g$41.7M
Gifts and grantsLn 1h$8.1M
Investment incomeLn 3$2.7M
Money outPt IX
$49.4M
Ln 25
Programscol B$42.7M
Managementcol C$5.6M
Fundraisingcol D$1.1M
Owns and owesPt X
$64.1M
net assets · Ln 32
Cash and savingsLn 1–2$2.3M
Total assetsLn 16$97.1M
LiabilitiesLn 26$33.0M
PeoplePt VI, VII
31
listed · VII A
PaidVII A9
Voting boardVI 1a22
IndependentVI 1b22
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$8.1M
Government grantsLn 1e−$232K
Noncash giftsLn 1g$31K
Fees for servicesLn 2g$41.7M
Investment incomeLn 3$2.7M
Other incomeLn 4–11$259K
Gains on assetsLn 7$17K
Total revenueLn 12$52.7M
Assets in detailPt X, end of year
CashLn 1$385K
SavingsLn 2$1.9M
Cash and savings togetherLn 1–2$2.3M
Pledges and grants receivableLn 3$5.6M
Accounts receivableLn 4$4.9M
Notes and loans receivableLn 7$27K
Inventories for sale or useLn 8$39K
Prepaid expenses and deferred chargesLn 9$216K
Land, buildings, equipmentLn 10c$52.3M
InvestmentsLn 11–13$28.9M
Other assetsLn 15$2.8M
Total assetsLn 16$97.1M
LiabilitiesLn 26$33.0M
Net assetsLn 32$64.1M
OperationsPt I, VI
EmployeesI 5625
VolunteersI 60
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3More from this return
BondsSch K, Pt X
Tax-exempt bond debt owedX 20$22.9M
Bond issues listedSch K Pt I1
Raised by those issuesSch K Pt I$25.4M
Abroad and in kindSch F, M
Noncash gifts receivedSch M Pt I$31K
Investment feesPt IX, Sch D
Investment fees, as reportedPt IX 11f$168K
Share of the $30.1M endowmentSch D 1g0.56%
Typical, median of 2,380 orgs0.45%
EndowmentSch D · Pt V
| Line | FY25 | FY24 | FY23 | FY22 | FY21 |
|---|---|---|---|---|---|
| End of yearLn 1g | $30.1M | $26.3M | $29.3M | $29.5M | $34.1M |
| AddedLn 1b | $1.3M | $919K | $673K | $1.2M | $260K |
| SpentLn 1d–1f | $1.4M | $8.0M | $3.3M | $1.6M | $2.1M |
4Year over year
Balance sheet, start vs end of yearPt X · col A, B
| Line | Start FY25 | End FY25 |
|---|---|---|
| Cash and savingsLn 1–2 | $3.4M | $2.3M |
| InvestmentsLn 11–13 | $25.4M | $28.9M |
| Land, buildings, equipmentLn 10c | $52.4M | $52.3M |
| Total assetsLn 16 | $94.7M | $97.1M |
| LiabilitiesLn 26 | $35.2M | $33.0M |
| Net assetsLn 32 | $59.4M | $64.1M |
5Every line
Statement of functional expensesPt IX · every line
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic individualsLn 2 | $19.0M | $19.0M | ||
| Other salaries and wagesLn 7 | $12.4M | $9.3M | $2.3M | $818K |
| Other employee benefitsLn 9 | $3.5M | $2.6M | $912K | |
| Lobbying feesLn 11d | $54K | $54K | ||
| Investment management feesLn 11f | $168K | $168K | ||
| Other fees for servicesLn 11g | $3.6M | $3.4M | $196K | $51K |
| Advertising and promotionLn 12 | $139K | $3K | $59 | $136K |
| OccupancyLn 16 | $1.6M | $1.4M | $207K | $1K |
| TravelLn 17 | $868K | $843K | $24K | |
| Conferences, conventions and meetingsLn 19 | $17K | $15K | $1K | $195 |
| InterestLn 20 | $1.3M | $867K | $454K | |
| Depreciation, depletion and amortizationLn 22 | $2.6M | $2.4M | $215K | |
| InsuranceLn 23 | $573K | $273K | $299K | |
| Other expenses (24a–d)Ln 24 | $3.2M | $2.4M | $698K | $116K |
| All other expensesLn 24e | $353K | $298K | $31K | $24K |
| Total functional expensesLn 25 | $49.4M | $42.7M | $5.6M | $1.1M |
The full sourced Quadrant report on Barton College
Everything above stays free. The full report adds:
- One sourced report, every figure cited to its 990 line
- Revenue quality
- Compliance checks run against 4 federal lists
- Red flags with the evaluator crosswalk
- Peer measures
$150 one time, for this organization
Buy this report See a full sample reportIn the news
Google News · GDELT · headlines that name it, last 90 days
Headlines that name it, last 90 days22
Barton College Scoreboard, Friday, Nov. 6, 2026wilsontimes.com · Nov 7, 2026
Barton College/Wilson Symphony Orchestra to Present Fall Concert on November 22barton.edu · Nov 6, 2026
Barton College celebrates 125-year legacy at homecomingwilsontimes.com · Nov 1, 2026
Barton College Scoreboard, Oct. 31, 2026wilsontimes.com · Oct 31, 2026
Chris Lea to Speak on the Changing Landscape of Sports Reporting at Barton Collegebarton.edu · Oct 21, 2026
Barton College Scoreboard, Tuesday, Oct. 20, 2026wilsontimes.com · Oct 20, 2026
Barton College to Welcome NCMA Curator Jared Ledesma for Friends of Visual Arts Fall Lecturebarton.edu · Oct 9, 2026
Barton College Welcomes Alumni Back for Homecoming 2026barton.edu · Oct 9, 2026
Barton College Ranked No. 1 in North Carolina for Best Value for Fifth Consecutive Yearbarton.edu · Oct 8, 2026
Barton College Day of Service and Engagement Brings Campus and Community Together Across Wilsonbarton.edu · Oct 6, 2026
The newest 10 shown. Only headlines with its full name (or its website) in the title count; stories that only mention it in the text are left out. Last pulled Nov 8, 2026.
Web rank
Tranco top 1M · barton.edu
Rank on Nov 10, 2026426,964
A month earlierfell 17,095 places since409,869
A quarter earlierrose 17,556 places since444,520
A year earlierrose 321,004 places since747,968
Its place among all websites; a smaller number is more traffic, and rank 1 is the busiest site on the web. Tranco blends five traffic lists (Chrome UX Report, Cloudflare Radar, Umbrella, Majestic, Farsight) over 30 days, so one busy day does not move it. Last pulled Nov 11, 2026.
University
IPEDS, US Department of Education · Barton College, Wilson, NC
TypePrivate nonprofit, 4-year or above
Size1,000 to 4,999 students
Students in the year, and first-year admissions
2023-242,228 applied · 96% admitted · 13% of those enrolled1,387
2022-232,129 applied · 95% admitted · 15% of those enrolled1,396
2021-221,955 applied · 97% admitted · 14% of those enrolled1,345
2020-213,890 applied · 42% admitted · 17% of those enrolled1,290
2019-204,244 applied · 45% admitted · 17% of those enrolled1,276
Students counts everyone enrolled at any time in the 12 months from July, not one fall day. Admissions are first-year applicants for that fall; schools that admit everyone do not report them. Last pulled Nov 9, 2026.
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2025 Latest ViewingFiled with the IRS May 15, 2026 | $52.7M | $49.4M | $3.3M | $64.1M | 990 PDF |
| FY2024Filed with the IRS May 15, 2025 | $58.5M | $52.1M | $6.4M | $59.4M | 990 PDF |
| FY2023Filed with the IRS May 15, 2024 | $49.9M | $51.1M | −$1.2M | $53.7M | 990 PDF |
| FY2022Filed with the IRS May 15, 2023 | $52.4M | $50.5M | $1.8M | $52.8M | 990 PDF |
| FY2021Filed with the IRS May 13, 2022 | $47.1M | $47.6M | −$500K | $57.9M | 990 PDF |
| FY2020Filed with the IRS May 17, 2021 | $49.8M | $45.5M | $4.3M | $53.1M | 990 PDF |
Schedules filed Part IV
A · Public support
B · Donors
C · Political and lobbying
D · Assets and endowments
E · Schools
I · Grants
J · Pay
K · Bonds
L · Interested persons
M · Noncash
O · Explanations
See the full FY2025 990
Part I · Summary $52,719,590 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $10,539,437$8,082,060
I-9 Program service revenuePrior year $42,518,973$41,706,134
I-10 Investment incomePrior year $5,021,515$2,688,939
I-11 Other revenuePrior year $454,812$242,457
I-12 Total revenuePrior year $58,534,737$52,719,590
I-13 Grants and similar amounts paidPrior year $19,584,823$18,962,216
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $16,264,717$15,893,376
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $16,285,339$14,580,779
I-18 Total expensesPrior year $52,134,879$49,436,371
I-19 Revenue less expensesPrior year $6,399,858$3,283,219
Part III · Program service accomplishments 3 programs, $42,732,156 spent
III-4a Institutional aid and scholarships from endowment, restricted scholarships, and institutional discount.includes $18,962,216 in grants$18,962,216
III-4b Instruction: accredited academic programs with 43 majors and 38 minors for undergraduates, 6 professional programs, and 6 graduate degree programs. Serving approximately 1,149 undergraduates.$18,554,657
III-4c Auxiliary services: room, board, and bookstore.$5,215,283
Part IV · Checklist of required schedules 17 of 48 answered Yes, 2 to look at
IV-28a Business deal with an officer or directorYes
IV-28b Business deal with an officer's familyYes
IV-1 A 501(c)(3) charity (Schedule A)Yes
IV-2 Lists its large donors to the IRS (Schedule B)Yes
IV-3 Took part in a political campaignNo
IV-4 LobbiedYes
IV-5 Owes proxy tax on member duesNo
IV-6 Holds donor advised fundsNo
IV-7 Holds conservation easementsNo
IV-8 Holds art or historical collectionsNo
IV-9 Credit counseling or escrow accountsNo
IV-10 Holds endowment fundsYes
IV-11a Reports land, buildings and equipmentYes
IV-11b Reports investments in other securitiesYes
IV-11c Reports program-related investmentsNo
IV-11d Reports other assetsNo
IV-11e Reports other liabilitiesYes
IV-11f Uncertain tax positions footnoteYes
IV-12a Its own audited financial statementsYes
IV-12b In a group's audited financial statementsNo
IV-13 Runs a schoolYes
IV-14a Has an office, staff or agents outside the USNo
IV-14b Over $10,000 of activity outside the USNo
IV-15 Over $5,000 in grants to groups abroadNo
IV-16 Over $5,000 in aid to people abroadNo
IV-17 Over $15,000 to paid fundraisersNo
IV-18 Over $15,000 from fundraising eventsNo
IV-19 Over $15,000 from gamingNo
IV-20a Runs a hospitalNo
IV-21 Over $5,000 in grants to US groupsNo
IV-22 Over $5,000 in grants to US peopleYes
IV-23 Reports top pay in detail (Schedule J)Yes
IV-24a Over $100,000 in tax-exempt bondsYes
IV-25a Gave an insider an excess benefit this yearNo
IV-25b Found an excess benefit from a past yearNo
IV-26 Loan to or from an officer or insiderNo
IV-27 Grant to an insider or their familyNo
IV-28c Business deal with a firm an officer controlsNo
IV-29 Over $25,000 in noncash giftsYes
IV-30 Gifts of art or historical itemsNo
IV-31 Closed down or dissolvedNo
IV-32 Sold or gave away over 25% of its net assetsNo
IV-33 Owns a single-member companyNo
IV-34 Related to other organizations (Schedule R)No
IV-35a Controls another organizationNo
IV-36 Transfers to a related non-charityNo
IV-37 Activity through a partnershipNo
IV-38 Explains answers in Schedule OYes
Part V · Other IRS filings and tax compliance no flags
V-1a Forms 1099 filed1,411
V-1b Forms W-2G filed0
V-2a Employees on W-2 forms625
V-1c Followed backup withholding rulesYes
V-2b Filed its payroll tax returnsYes
V-3a Over $1,000 of unrelated business incomeNo
V-4a Holds an account in a foreign countryNo
V-5a Party to a prohibited tax shelterNo
V-5b Knew another party was in a tax shelterNo
V-6a Raised gifts that are not tax deductibleNo
V-7a Gifts where the donor got something backNo
V-7c Sold donated property it had to reportNo
V-14a Sold indoor tanningNo
V-15 Owes tax on pay over $1 millionNo
V-16 Owes the college endowment taxNo
Part VI · Governance 22 of 22 board members independent, no flags
VI-1a Voting members of the governing body22
VI-1b Independent voting members22
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's paySchedule OThe process for determining the compensation for the CEO (president) is led by the executive compensation committee and trusteeship committee of the board. These committees meet with faculty, staff, students and administrators to evaluate the president's job performance. They also review the president's annual report to assess accomplishments. Compensation surveys from national and state institutions (colleges and universities personnel association and north carolina independent colleges and universities) are reviewed to determine a reasonable compensation range. The president determines the…Yes
Part VII · Officers, directors and key employees 31 people listed, 9 paid by the organization
VII-1a Dr Douglas SearcyPresident · 50 hours a week$404,382
VII-1a Danny DavisVP for Administration and Finance · 50 hours a week$180,280
VII-1a Dennis MatthewsVP for Enrollment and Marketing · 50 hours a week$171,623
VII-1a Victoria MorrisVP of People & Support · 50 hours a week$153,712
VII-1a Kevin PenningtonProvost & VP for Academic Affairs · 50 hours a week$150,177
VII-1a Kelly TarantoVP for Institutional Advan · 50 hours a week$142,914
VII-1a Ken TylerVP for Athletics · 50 hours a week$127,869
VII-1a Amanda MettsVP for Admission/Student Engagement · 50 hours a week$119,648
VII-1a Robert Greg BauerProfessor · 50 hours a week$109,663
VII-1a Dr Daniel MichalakTrustee · 2 hours a week$0
VII-1a Dr Frank T BattenTrustee · 2 hours a week$0
VII-1a Dr Garnett WhitehurstTrustee · 2 hours a week$0
VII-1a Dr Grant D WarrenTrustee · 2 hours a week$0
VII-1a Dr Gregg A DemarTrustee · 2 hours a week$0
VII-1a Mr Barry F DillehayBoard Vice Chair · 2 hours a week$0
VII-1a Mr Craig MyersTrustee · 2 hours a week$0
VII-1a Mr David A TurnageTrustee · 2 hours a week$0
VII-1a Mr Eric W SellersBoard Chair · 2 hours a week$0
VII-1a Mr G Charles Finklea JRTrustee · 2 hours a week$0
VII-1a Mr Garland R Homes JRTrustee · 2 hours a week$0
VII-1a Mr James C FarthingTrustee · 2 hours a week$0
VII-1a Mr Mark S HillardTrustee · 2 hours a week$0
VII-1a Mr Michael SledgeTrustee · 2 hours a week$0
VII-1a Mr Rhine SharpTrustee · 2 hours a week$0
VII-1a Mr Stuart M FrantzTrustee · 2 hours a week$0
VII-1a Mr Thomas E QuinnTrustee · 2 hours a week$0
VII-1a Mrs Linda S HerndonTrustee · 2 hours a week$0
VII-1a Mrs Phyllis Parish HowardTrustee · 2 hours a week$0
VII-1a Mrs Sheila WigginsTrustee · 2 hours a week$0
VII-1a Ms Amy DentonTrustee · 2 hours a week$0
VII-1a Rev Jamie L HaddockTrustee · 2 hours a week$0
Part VIII · Statement of revenue $52,719,590 across 9 lines filed
VIII-1e Government grants−$231,792
VIII-1f All other contributions, gifts and grants$8,313,852
VIII-1g Noncash contributions (included above)$31,095
VIII-1h Total contributions, gifts and grants$8,082,060
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $41,706,134$41,706,134
VIII-3 Investment incomeExcluded from tax $2,672,078$2,672,078
VIII-7 Net gain or loss on sales of assetsExcluded from tax $16,861$16,861
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $242,457$242,457
VIII-12 Total revenueRelated to mission $41,948,591 · Unrelated business $0 · Excluded from tax $2,688,939$52,719,590
Part IX · Statement of functional expenses $49,436,371 across 15 lines filed
IX-2 Grants to domestic individualsPrograms $18,962,216$18,962,216
IX-7 Other salaries and wagesPrograms $9,272,701 · Management $2,297,756 · Fundraising $817,698$12,388,155
IX-9 Other employee benefitsPrograms $2,593,672 · Management $911,549$3,505,221
IX-11d Lobbying feesManagement $54,000$54,000
IX-11f Investment management feesManagement $168,343$168,343
IX-11g Other fees for servicesPrograms $3,399,652 · Management $196,204 · Fundraising $50,833$3,646,689
IX-12 Advertising and promotionPrograms $2,844 · Management $59 · Fundraising $136,189$139,092
IX-16 OccupancyPrograms $1,434,971 · Management $207,409 · Fundraising $1,077$1,643,457
IX-17 TravelPrograms $843,130 · Management $24,474$867,604
IX-19 Conferences, conventions and meetingsPrograms $15,314 · Management $1,101 · Fundraising $195$16,610
IX-20 InterestPrograms $866,885 · Management $453,893$1,320,778
IX-22 Depreciation, depletion and amortizationPrograms $2,392,142 · Management $214,915$2,607,057
IX-23 InsurancePrograms $273,202 · Management $299,374$572,576
IX-24 Other expenses (24a–d)Programs $2,377,339 · Management $698,483 · Fundraising $115,930$3,191,752
IX-24e All other expensesPrograms $298,088 · Management $30,751 · Fundraising $23,982$352,821
IX-25 Total functional expensesPrograms $42,732,156 · Management $5,558,311 · Fundraising $1,145,904$49,436,371
Part X · Balance sheet $97,095,572 assets, 22 lines filed
X-1 Cash, non-interest-bearing$385,232
X-2 Savings and temporary cash investmentsStart of year $3,400,443$1,872,506
X-3 Pledges and grants receivableStart of year $5,239,242$5,589,263
X-4 Accounts receivableStart of year $5,267,868$4,911,089
X-7 Notes and loans receivableStart of year $25,596$27,228
X-8 Inventories for sale or useStart of year $38,895$38,895
X-9 Prepaid expenses and deferred chargesStart of year $167,165$216,482
X-10c Land, buildings and equipment, netStart of year $52,410,627$52,348,503
X-11 Publicly traded securitiesStart of year $18,900,554$18,518,149
X-12 Other securitiesStart of year $6,509,536$10,386,665
X-15 Other assetsStart of year $2,705,406$2,801,560
X-16 Total assetsStart of year $94,665,332$97,095,572
X-17 Accounts payable and accrued expensesStart of year $3,611,721$2,930,458
X-19 Deferred revenueStart of year $2,132,745$1,985,419
X-20 Tax-exempt bond liabilitiesStart of year $23,414,843$22,886,025
X-23 Secured mortgages and notes payableStart of year $4,645,157$3,944,252
X-25 Other liabilitiesStart of year $1,184,435$1,256,329
X-26 Total liabilitiesStart of year $35,238,901$33,002,483
X-27 Net assets without donor restrictionsStart of year $20,269,688$19,381,302
X-28 Net assets with donor restrictionsStart of year $39,156,743$44,711,787
X-32 Total net assets or fund balancesStart of year $59,426,431$64,093,089
X-33 Total liabilities and net assetsStart of year $94,665,332$97,095,572
Part XI · Reconciliation of net assets $64,093,089 net assets at year end
XI-1 Total revenue$52,719,590
XI-2 Total expenses$49,436,371
XI-3 Revenue less expenses$3,283,219
XI-4 Net assets at start of year$59,426,431
XI-5 Net unrealized gains (losses) on investments$1,383,439
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$64,093,089
Part XII · Financial statements and reporting Audited: Yes
XII-2b Financial statements audited by an independent accountantYes
Schedule O · Explanations 5 explanations
O-1 Part VI, line 11bThe audit committee will review and approve the 990 prior to filing. In addition, the 990 will be made available to all board members prior to filing.
O-2 Part VI, line 12cThe executive committee of the board reviews conflict of interest statements as they are submitted by the trustees. The executive committee meets several times during the year. As stated in the bylaws, all trustees shall disclose to the board any possible conflict of interest at the earliest practicable time. No trustee shall vote on any matter under consideration at a board or committee meeting in which the trustee has a conflict of interest. The minutes of said meeting shall reflect that a disclosure was made that the trustee having a conflict of interest abstained from voting. Any trustee who is uncertain whether he/she has a conflict of interest in any matter may request the executive committee to determine if a conflict of interest exists, and the executive committee shall resolve the question by affirmative vote of a majority of its members.
O-3 Part VI, line 15The process for determining the compensation for the CEO (president) is led by the executive compensation committee and trusteeship committee of the board. These committees meet with faculty, staff, students and administrators to evaluate the president's job performance. They also review the president's annual report to assess accomplishments. Compensation surveys from national and state institutions (colleges and universities personnel association and north carolina independent colleges and universities) are reviewed to determine a reasonable compensation range. The president determines the compensation for all other key employees and receives evaluations from their direct reports. He also uses compensation information from national and state surveys to determine appropriateness of compensation level.
O-4 Part VI, line 19The colleges governing documents, conflict of interest policy and the audited financial statements are available by request.
O-5 Part XII, line 2cThe process has not changed from the prior year.
Form 990 e-file FY2025 from the IRS (about our sources) · Classification, formation year and address from the IRS Business Master File
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