You’re viewing the FY2024 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 Jan 2009.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
89 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
39 people listed on the 990; $2.3M paid to officers and key staff.
Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
President
$370,607Pt VII · Sec A
Provost
$241,404Pt VII · Sec A
VP Inst Advancement
$208,658Pt VII · Sec A
Chief Financial Officer
$172,032Pt VII · Sec A
VP Plan&admin / Chief of Staff
$158,847Pt VII · Sec A
VP Enrollment Services
$144,346Pt VII · Sec A
Vice Provost for Online & Ext
$143,746Pt VII · Sec A
Dean College Business
$137,209Pt VII · Sec A
VP Student Affairs
$126,530Pt VII · Sec A
Dean College Health Sciences
$123,609Pt VII · Sec A
VP Mission Integration
$113,023Pt VII · Sec A
Director Physical Therapy
$110,918Pt VII · Sec A
Asst. Prof. of Clinical Med.
$110,139Pt VII · Sec A
VP for Athletics
$101,217Pt VII · Sec A
Chief Information Officer
$79,364Pt VII · Sec A
Trustee
$0Pt VII · Sec A
Trustee
$0Pt VII · Sec A
Trustee
$0Pt VII · Sec A
Trustee
$0Pt VII · Sec A
Trustee
$0Pt VII · Sec A
Trustee
$0Pt VII · Sec A
Trustee
$0Pt VII · Sec A
Trustee
$0Pt VII · Sec A
Trustee
$0Pt VII · Sec A
Trustee
$0Pt VII · Sec A
Chair of the Board
$0Pt VII · Sec A
Vice-Chair of the Board
$0Pt VII · Sec A
Secretary of the Board
$0Pt VII · Sec A
Treasurer of the Board
$0Pt VII · Sec A
Trustee
$0Pt VII · Sec A
Trustee
$0Pt VII · Sec A
Trustee
$0Pt VII · Sec A
Trustee
$0Pt VII · Sec A
Trustee
$0Pt VII · Sec A
Trustee
$0Pt VII · Sec A
Trustee
$0Pt VII · Sec A
Trustee
$0Pt VII · Sec A
Trustee
$0Pt VII · Sec A
Trustee
$0Pt VII · Sec A
Stanley Wearden’s $373K as President is at the 76th 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
| Name | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Stanley Wearden | $372,544 | $370,607 | $363,092 | $355,007 | $350,199 | $356,174 |
| Suzanne B Malley | $250,264 | $241,404 | $234,383 | $228,809 | — | — |
| Suzanne Blum-Malley | — | — | — | — | $230,666 | — |
| Richard G Swanson | $211,679 | $208,658 | $205,591 | $204,332 | — | — |
| Jason Greene | $205,001 | $79,364 | — | — | — | — |
| Greg Swanson | — | — | — | — | $195,870 | $99,826 |
| Dawn F Ausborn | $175,516 | $172,032 | $172,770 | $157,577 | — | — |
| Lori Cornwell | — | — | — | — | — | $162,401 |
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.
See Methodist University INC 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
Programs and updates
Provides educational opportunities for students at the university level.
Questions for Methodist University INC
Your first name shows with your question. Methodist University INC answers here, for everyone.
2 programs · $68.6M · in their own filed words · FY2023
01
Post Secondary Education
Methodist university provides both undergraduate and graduate education, founded in liberal arts, to approximately 1800 students. The university's programs are concentrated in arts & humanities, science & human development, business & graduate studies, and boast nationally renowned programs such as the physician assistance program.
$60.4Mprogram expense
02
Auxiliary Services
The university's auxiliary enterprises, including residence halls, dining facilities, and a bookstore, serve to provide a support system to the students.
$8.2Mprogram 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
Patriot FoundationFY2025$108K
Our Change FoundationFY2025$51K
Folds of Honor FoundationFY2025$50K
Hartong Family FoundationFY2025$8K
Total grants receivedfrom 5 funders$237K
Grants paid · 6 grants · $156.5M · 2019–2024
Unitemized GrantFY2024$27,879,285
Unitemized GrantFY2023$27,397,321
Unitemized GrantFY2022$25,292,936
Unitemized GrantFY2021$27,360,503
Unitemized GrantFY2020$24,164,135
Unitemized GrantFY2019$24,401,790
Federal money
Single Audit · Federal Audit Clearinghouse · money spent from federal programs
Year ending Jun 2025 · $27.8M federal money spent
Federal Direct Student LoansDepartment of Education · ALN 84.268 · Direct$22.6M
Federal Pell Grant ProgramDepartment of Education · ALN 84.063 · Direct$4.8M
Federal Work-Study ProgramDepartment of Education · ALN 84.033 · Direct$279K
Federal Supplemental Educational Opportunity GrantsDepartment of Education · ALN 84.007 · Direct$137K
Education Stabilization FundDepartment of Education · ALN 84.425 · Direct$6K
The auditor reported 2 findings.
Year ending Jun 2024 · $25.7M federal money spent
Federal Direct Student LoansDepartment of Education · ALN 84.268 · Direct$21.6M
Federal Pell Grant ProgramDepartment of Education · ALN 84.063 · Direct$3.5M
Federal Supplemental Educational Opportunity GrantsDepartment of Education · ALN 84.007 · Direct$231K
Federal Work-Study ProgramDepartment of Education · ALN 84.033 · Direct$221K
Block Grants for Prevention and Treatment of Substance AbuseDepartment of Health and Human Services · ALN 93.959 · Direct$165K
Plus 1 smaller program.
The auditor reported 5 findings: a weakness in money controls.
Year ending Jun 2023 · $25.3M federal money spent
Federal Direct Student LoansDepartment of Education · ALN 84.268 · Direct$21.6M
Federal Pell Grant ProgramDepartment of Education · ALN 84.063 · Direct$3.0M
Federal Supplemental Educational Opportunity GrantsDepartment of Education · ALN 84.007 · Direct$231K
Nurse Education, Practice Quality and Retention GrantsDepartment of Health and Human Services · ALN 93.359 · Direct$172K
Federal Work-Study ProgramDepartment of Education · ALN 84.033 · Direct$159K
Plus 1 smaller program.
The auditor reported 3 findings.
Year ending Jun 2022 · $31.7M federal money spent
Federal Direct Student LoansDepartment of Education · ALN 84.268 · Direct$22.4M
Education Stabilization FundDepartment of Education · ALN 84.425 · Direct and through North Carolina State Education Assistance Authority$5.5M
Federal Pell Grant ProgramDepartment of Education · ALN 84.063 · Direct$2.9M
Nurse Education, Practice Quality and Retention GrantsDepartment of Health and Human Services · ALN 93.359 · Direct$295K
Federal Supplemental Educational Opportunity GrantsDepartment of Education · ALN 84.007 · Direct$274K
Plus 1 smaller program.
The auditor reported 5 findings.
By the numbers
The FY2024 990, line by line.
Download 990
1The main four
Money inPt VIII
$81.6M
Ln 12
Fees for servicesLn 2g$71.0M
Gifts and grantsLn 1h$8.9M
Investment incomeLn 3$1.1M
Money outPt IX
$77.3M
Ln 25
Programscol B$68.6M
Managementcol C$7.8M
Fundraisingcol D$841K
Owns and owesPt X
$112.8M
net assets · Ln 32
Cash and savingsLn 1–2$11.3M
Total assetsLn 16$143.5M
LiabilitiesLn 26$30.7M
PeoplePt VI, VII
39
listed · VII A
PaidVII A15
Voting boardVI 1a24
IndependentVI 1b23
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$8.9M
Government grantsLn 1e$988K
Noncash giftsLn 1g$272K
Fundraising eventsLn 1c$55K
Fees for servicesLn 2g$71.0M
Investment incomeLn 3$1.1M
Other incomeLn 4–11$660K
Gains on assetsLn 7−$1.4M
Total revenueLn 12$81.6M
Assets in detailPt X, end of year
CashLn 1$11K
SavingsLn 2$11.3M
Cash and savings togetherLn 1–2$11.3M
Pledges and grants receivableLn 3$4.4M
Accounts receivableLn 4$1.6M
Inventories for sale or useLn 8$19K
Prepaid expenses and deferred chargesLn 9$288K
Land, buildings, equipmentLn 10c$76.0M
InvestmentsLn 11–13$49.5M
Other assetsLn 15$321K
Total assetsLn 16$143.5M
LiabilitiesLn 26$30.7M
Net assetsLn 32$112.8M
OperationsPt I, VI
EmployeesI 51,111
VolunteersI 623
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$28.1M
Abroad and in kindSch F, M
Noncash gifts receivedSch M Pt I$272K
Investment feesPt IX, Sch D
Investment fees, as reportedPt IX 11f$161K
Share of the $49.3M endowmentSch D 1g0.33%
Typical, median of 1,806 orgs0.44%
EndowmentSch D · Pt V
| Line | FY24 | FY23 | FY22 | FY21 | FY20 |
|---|---|---|---|---|---|
| End of yearLn 1g | $49.3M | $46.5M | $41.9M | $35.6M | $22.8M |
| Given inLn 1b | $607K | $5.3M | $11.5M | $9.7M | $884K |
| SpentLn 1d–1f | $3.3M | $4.4M | $1.6M | $2.5M | $1.2M |
4Year over year
Balance sheet, start vs end of yearPt X · col A, B
| Line | Start FY24 | End FY24 |
|---|---|---|
| Cash and savingsLn 1–2 | $9.2M | $11.3M |
| InvestmentsLn 11–13 | $45.3M | $49.5M |
| Land, buildings, equipmentLn 10c | $77.6M | $76.0M |
| Total assetsLn 16 | $135.4M | $143.5M |
| LiabilitiesLn 26 | $31.0M | $30.7M |
| Net assetsLn 32 | $104.5M | $112.8M |
5Every line
Statement of functional expensesPt IX · every line
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic organizationsLn 1 | $0 | |||
| Grants to domestic individualsLn 2 | $27.4M | $27.4M | ||
| Grants and assistance to foreign recipientsLn 3 | $0 | |||
| Benefits paid to or for membersLn 4 | $0 | |||
| Pay of current officers, directors and key staffLn 5 | $2.0M | $787K | $994K | $227K |
| Pay of disqualified personsLn 6 | $0 | |||
| Other salaries and wagesLn 7 | $24.1M | $21.2M | $2.6M | $260K |
| Pension plan contributionsLn 8 | $507K | $421K | $75K | $11K |
| Other employee benefitsLn 9 | $2.8M | $2.3M | $427K | $48K |
| Payroll taxesLn 10 | $1.8M | $1.6M | $250K | $33K |
| Management feesLn 11a | $0 | |||
| Legal feesLn 11b | $314K | $23K | $291K | |
| Accounting feesLn 11c | $83K | $83K | ||
| Lobbying feesLn 11d | $41K | $41K | ||
| Professional fundraising feesLn 11e | $0 | |||
| Investment management feesLn 11f | $161K | $161K | ||
| Other fees for servicesLn 11g | $1.2M | $699K | $482K | $4K |
| Advertising and promotionLn 12 | $205K | $58K | $140K | $7K |
| Office expensesLn 13 | $290K | $176K | $14K | $100K |
| Information technologyLn 14 | $871K | $212K | $613K | $47K |
| RoyaltiesLn 15 | $0 | |||
| OccupancyLn 16 | $3.8M | $3.5M | $262K | $13K |
| TravelLn 17 | $1.1M | $990K | $69K | $39K |
| Travel and entertainment for public officialsLn 18 | $0 | |||
| Conferences, conventions and meetingsLn 19 | $79K | $73K | $6K | $1K |
| InterestLn 20 | $158K | $153K | $4K | $619 |
| Payments to affiliatesLn 21 | $0 | |||
| Depreciation, depletion and amortizationLn 22 | $4.0M | $3.5M | $572K | $8K |
| InsuranceLn 23 | $516K | $360K | $154K | $2K |
| Other expenses (24a–d)Ln 24 | $5.0M | $4.8M | $210K | $25K |
| All other expensesLn 24e | $855K | $512K | $328K | $15K |
| Total functional expensesLn 25 | $77.3M | $68.6M | $7.8M | $841K |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2025 LatestFiled with the IRS May 14, 2026 | $91.3M | $82.5M | $8.8M | $123.8M | 990 PDF |
| FY2024 ViewingFiled with the IRS Feb 14, 2025 | $81.6M | $77.3M | $4.3M | $112.8M | 990 PDF |
| FY2023Filed with the IRS Feb 21, 2024 | $76.5M | $74.2M | $2.3M | $104.5M | 990 PDF |
| FY2022Filed with the IRS Feb 20, 2023 | $89.5M | $74.6M | $15.0M | $99.1M | 990 PDF |
| FY2021Filed with the IRS Apr 6, 2022 | $79.7M | $68.8M | $10.8M | $89.4M | 990 PDF |
| FY2020Filed with the IRS May 13, 2021 | $72.2M | $73.6M | −$1.5M | $74.5M | 990 PDF |
Schedules filed Part IV
III · Programs
R · Related orgs
G · Fundraising
L · Interested persons
I · Grants
A · Public support
M · Noncash
J · Pay
O · Explanations
See the full FY2024 990 (6 parts)
Part I · Summary $81,614,782 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $8,417,940$8,899,105
I-9 Program service revenuePrior year $66,695,545$70,971,334
I-10 Investment incomePrior year $699,818$1,084,825
I-11 Other revenuePrior year $663,042$659,518
I-12 Total revenuePrior year $76,476,345$81,614,782
I-13 Grants and similar amounts paidPrior year $25,292,936$27,397,321
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $30,588,740$31,198,422
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $18,273,223$18,673,686
I-18 Total expensesPrior year $74,154,899$77,269,429
I-19 Revenue less expensesPrior year $2,321,446$4,345,353
Part VI · Governance 23 of 24 board members independent, no flags
VI-1a Voting members of the governing body24
VI-1b Independent voting members23
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 payYes
Part VIII · Statement of revenue $81,614,782 across 13 lines filed
VIII-1c Fundraising events$55,128
VIII-1e Government grants$987,566
VIII-1f All other contributions, gifts and grants$7,856,411
VIII-1g Noncash contributions (included above)$272,028
VIII-1h Total contributions, gifts and grants$8,899,105
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $70,971,334$70,971,334
VIII-3 Investment incomeExcluded from tax $2,517,309$2,517,309
VIII-5 Royalties$0
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assetsExcluded from tax −$1,432,484−$1,432,484
VIII-8 Net income from fundraising eventsExcluded from tax −$34,945−$34,945
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $694,463$694,463
VIII-12 Total revenueRelated to mission $70,971,334 · Excluded from tax $1,744,343$81,614,782
Part IX · Statement of functional expenses $77,269,429 across 31 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individualsPrograms $27,397,321$27,397,321
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staffPrograms $787,297 · Management $993,502 · Fundraising $227,486$2,008,285
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wagesPrograms $21,183,813 · Management $2,643,885 · Fundraising $260,391$24,088,089
IX-8 Pension plan contributionsPrograms $421,152 · Management $74,734 · Fundraising $11,151$507,037
IX-9 Other employee benefitsPrograms $2,275,979 · Management $427,396 · Fundraising $47,621$2,750,996
IX-10 Payroll taxesPrograms $1,561,241 · Management $249,717 · Fundraising $33,057$1,844,015
IX-11a Management fees$0
IX-11b Legal feesPrograms $23,210 · Management $290,828$314,038
IX-11c Accounting feesManagement $82,876$82,876
IX-11d Lobbying feesManagement $41,031$41,031
IX-11e Professional fundraising fees$0
IX-11f Investment management feesManagement $160,535$160,535
IX-11g Other fees for servicesPrograms $699,039 · Management $482,288 · Fundraising $3,725$1,185,052
IX-12 Advertising and promotionPrograms $57,666 · Management $139,890 · Fundraising $7,006$204,562
IX-13 Office expensesPrograms $176,425 · Management $13,644 · Fundraising $99,521$289,590
IX-14 Information technologyPrograms $211,553 · Management $612,859 · Fundraising $46,576$870,988
IX-15 Royalties$0
IX-16 OccupancyPrograms $3,504,898 · Management $261,944 · Fundraising $13,313$3,780,155
IX-17 TravelPrograms $990,136 · Management $68,593 · Fundraising $38,686$1,097,415
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetingsPrograms $72,624 · Management $5,763 · Fundraising $1,040$79,427
IX-20 InterestPrograms $152,849 · Management $4,081 · Fundraising $619$157,549
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortizationPrograms $3,467,111 · Management $571,628 · Fundraising $8,194$4,046,933
IX-23 InsurancePrograms $360,045 · Management $153,936 · Fundraising $2,410$516,391
IX-24 Other expenses (24a–d)Programs $4,757,228 · Management $209,905 · Fundraising $24,641$4,991,774
IX-24e All other expensesPrograms $511,885 · Management $328,183 · Fundraising $15,302$855,370
IX-25 Total functional expensesPrograms $68,611,472 · Management $7,817,218 · Fundraising $840,739$77,269,429
Part X · Balance sheet $143,475,342 assets, 30 lines filed
X-1 Cash, non-interest-bearingStart of year $13,768$10,861
X-2 Savings and temporary cash investmentsStart of year $9,160,997$11,282,642
X-3 Pledges and grants receivableStart of year $1,102,247$4,424,022
X-4 Accounts receivableStart of year $1,638,872$1,623,196
X-5 Loans to officers and key peopleStart of year $0$0
X-6 Loans to other insidersStart of year $0$0
X-7 Notes and loans receivableStart of year $0$0
X-8 Inventories for sale or useStart of year $16,416$19,487
X-9 Prepaid expenses and deferred chargesStart of year $229,890$288,218
X-10c Land, buildings and equipment, netStart of year $77,631,425$76,010,985
X-11 Publicly traded securitiesStart of year $44,887,976$49,221,635
X-12 Other securitiesStart of year $0$0
X-13 Program-related investmentsStart of year $439,419$273,390
X-14 Intangible assetsStart of year $0$0
X-15 Other assetsStart of year $320,673$320,906
X-16 Total assetsStart of year $135,441,683$143,475,342
X-17 Accounts payable and accrued expensesStart of year $2,276,965$2,635,942
X-18 Grants payableStart of year $0$0
X-19 Deferred revenueStart of year $2,431,668$4,276,996
X-20 Tax-exempt bond liabilitiesStart of year $25,182,956$22,942,829
X-21 Escrow or custodial accountsStart of year $107,387$95,256
X-22 Loans from officers and insidersStart of year $0$0
X-23 Secured mortgages and notes payableStart of year $0$0
X-24 Unsecured notes and loans payableStart of year $0$0
X-25 Other liabilitiesStart of year $959,417$734,192
X-26 Total liabilitiesStart of year $30,958,393$30,685,215
X-27 Net assets without donor restrictionsStart of year $70,709,669$71,032,405
X-28 Net assets with donor restrictionsStart of year $33,773,621$41,757,722
X-32 Total net assets or fund balancesStart of year $104,483,290$112,790,127
X-33 Total liabilities and net assetsStart of year $135,441,683$143,475,342
Part XI · Reconciliation of net assets $112,790,127 net assets at year end
XI-1 Total revenue$81,614,782
XI-2 Total expenses$77,269,429
XI-3 Revenue less expenses$4,345,353
XI-4 Net assets at start of year$104,483,290
XI-5 Net unrealized gains (losses) on investments$4,629,076
XI-9 Other changes in net assets−$667,592
XI-10 Net assets at end of year$112,790,127
Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File
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