The organization is a private liberal arts univesrity offering programs leading to five degrees: bachelor of arts, science, music, social work and fine arts.

501(c)(3) charity; gifts are tax-deductible.
80¢ of each $1 spent went to programs.
$876K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

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FY2022 · Form 990-TIndependent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990-T
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 6
filings with a surplus
Average surplus $1.8M a year · 3% of revenue · last 6 filings
Worth a look: a surplus in 3 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
80%
of spending
Looks good: 80% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$876K
to officers and key staff · 2% of spending
Looks good: pay to officers and key staff is 2% of spending; 15% or less.
Pt VII · Sec A
3 mo
of spending, in cash
Looks good: 3.0 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $27K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$50.1M
29% of total assets
Looks good: liabilities are 29% of assets; 50% or less.
Pt X · Ln 26
Independent board members
33
of 33 voting members
Looks good: 33 of 33 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$63.2M
+16% vs prior year
Spent
$53.8M
To programs
80%
Net assets
$121.0M
By yearFY2020–FY2025
Revenue
$63.2M
FY2022▲ +16%
Tap a bar for its year
Revenue by fiscal year
FY2020$61.9M
FY2021$54.4M
FY2022$63.2M
FY2023$52.0M
FY2024$51.6M
FY2025$61.9M
Expenses
$53.8M
FY2022-0.3%
Tap a bar for its year
Expenses by fiscal year
FY2020$51.8M
FY2021$54.0M
FY2022$53.8M
FY2023$54.7M
FY2024$57.7M
FY2025$62.5M
Net assets
$121.0M
FY2022▲ +4%
Tap a bar for its year
Net assets by fiscal year
FY2020$102.3M
FY2021$116.3M
FY2022$121.0M
FY2023$116.1M
FY2024$113.9M
FY2025$110.0M

From the FY2022 Form 990 (year ending May 2022) · figures checked against the IRS filing · see the original

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You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jun 1946.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

80 cents of each dollar spent went to programs.

Program services 80% · $42.8M Management & general 19% · $10.1M Fundraising 2% · $918K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

39 people listed on the 990-T; $876K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2021); the FY2022 filing did not itemize Part VII
President
$268,948Pt VII · Sec A
Provost & VP for Enrollmen
$138,458Pt VII · Sec A
Vp-Institutional Advanceme
$123,290Pt VII · Sec A
Vp-Finance
$121,042Pt VII · Sec A
Senior Director of Planning & Strategy
$115,458Pt VII · Sec A
Vp-Student Life
$108,833Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Tony Floyd’s $280K as President is at the 61st percentile of top reported officer pay among 3683 $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

NameFY2025FY2024FY2023FY2022FY2021FY2020
Tony Floyd$280,000$280,000$289,693$268,948$199,814$193,109
Tracy Parkinson$178,000$165,000$155,000$138,458$66,281—
Daniel Wright$169,583—————
Roger Slagle—$150,000$148,400$121,042——
Joanna Pierce——$142,336———
Greta Byrd$127,625$127,625————
Grainger Caudle$124,377$118,781$118,781$115,458——
Dave Rozeboom$123,439$123,439$117,258$108,833$77,379$29,715

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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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

Programs and updates

Educates students in liberal arts, offering degrees in arts, science, music, social work, and fine arts.

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Provided by the organization

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3 programs · $42.8M · in their own filed words · FY2021
01

Instruction

Private liberal arts university offering programs leading to five degrees: bachelor of arts, science, music, social work, and fine arts. Approximately 1,010 students benefited.

$39.4Mprogram expense
02

Public Service

Activities established primarily to provide non-instructional services to groups external to the university.

$2.1Mprogram expense
03

Academic Support

Services that are an integral part of the university's primary mission of education.

$1.2Mprogram expense

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 · FY2025
Total grants receivedfrom 2 funders$27K
Grants paid · 6 grants · $135.2M · 2019–2024
Unitemized GrantFY2024$27,325,886
Unitemized GrantFY2023$24,829,361
Unitemized GrantFY2022$21,640,386
Unitemized GrantFY2021$21,276,787
Unitemized GrantFY2020$19,974,702
Unitemized GrantFY2019$20,199,990

By the numbers

The FY2022 990-T, line by line.

1The main four
Money in
$63.2M
Fees for services$41.5M
Gifts and grants$18.7M
Investment income$3.0M
Money out
$53.8M
Programs$42.8M
Management$10.1M
Fundraising$918K
Owns and owes
$121.0M
net assets
Cash and savings$13.4M
Total assets$171.2M
Liabilities$50.1M
People
39
listed
Paid6
Voting board33
Independent33
2In more detail
Revenue in detail
Gifts and grants$18.7M
Government grants$8.9M
Fees for services$41.5M
Investment income$3.0M
Other income$56K
Total revenue$63.2M
Assets in detailEnd of year
Cash and savings together$13.4M
Total assets$171.2M
Liabilities$50.1M
Net assets$121.0M
Operations
Employees617
Volunteers24
Fiscal year endsMay
Conflict-of-interest policyYes
Whistleblower policyYes
Records policyYes

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $61.9M$62.5M−$631K$110.0M 990 PDF
FY2024 $51.6M$57.7M−$6.1M$113.9M 990 PDF
FY2023 $52.0M$54.7M−$2.7M$116.1M 990 PDF
FY2022 Viewing $63.2M$53.8M$9.5M$121.0M 990 PDF
FY2021 $54.4M$54.0M$460K$116.3M 990 PDF
FY2020 $61.9M$51.8M$10.1M$102.3M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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