You’re viewing the FY2020 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
90 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
50 people listed on the 990; $1.9M paid to officers and key staff.
Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII
President
$356,174Pt VII · Sec A
Avp Aa & Interim Provost
$162,401Pt VII · Sec A
VP for Planning & Admin
$143,769Pt VII · Sec A
VP for Bus. Affairs
$139,272Pt VII · Sec A
Dean College of Bus
$122,474Pt VII · Sec A
Chair College of Bus
$121,281Pt VII · Sec A
Director PA Program
$109,887Pt VII · Sec A
VP for Enrollment Services
$109,766Pt VII · Sec A
Director Otd Program
$107,684Pt VII · Sec A
Avp for Academic Affairs
$100,328Pt VII · Sec A
VP for Advancement
$99,826Pt VII · Sec A
VP for Student Affairs
$95,554Pt VII · Sec A
VP for Religious Life
$92,869Pt VII · Sec A
VP of Vppe
$91,462Pt VII · Sec A
VP Athletics
$81,635Pt VII · Sec A
Trustee
$0Pt VII · Sec A
$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
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
Trustee
$0Pt VII · Sec A
Trustee
$0Pt VII · Sec A
Trustee
$0Pt VII · Sec A
Trustee
$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
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$0Pt VII · Sec A
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$0Pt VII · Sec A
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$0Pt VII · Sec A
$0Pt VII · Sec A
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$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 · $65.9M · in their own filed words · FY2019
01
Post Secondary Education
Methodist university provides both undergraduate & graduate education, founded in liberal arts, to approximately 2100 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 assistant program.
$58.2Mprogram 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.
$7.7Mprogram 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 FY2020 990, line by line.
Download 990
1The main four
Money inPt VIII
$72.2M
Ln 12
Fees for servicesLn 2g$65.9M
Gifts and grantsLn 1h$6.0M
Investment incomeLn 3$753K
Money outPt IX
$73.6M
Ln 25
Programscol B$65.9M
Managementcol C$7.3M
Fundraisingcol D$383K
Owns and owesPt X
$74.5M
net assets · Ln 32
Cash and savingsLn 1–2$12.7M
Total assetsLn 16$118.2M
LiabilitiesLn 26$43.7M
PeoplePt VI, VII
50
listed · VII A
PaidVII A15
Voting boardVI 1a35
IndependentVI 1b34
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$6.0M
Government grantsLn 1e$3.6M
Noncash giftsLn 1g$103K
Fundraising eventsLn 1c$13K
Fees for servicesLn 2g$65.9M
Investment incomeLn 3$753K
Other incomeLn 4–11$274K
Gains on assetsLn 7−$1.1M
Total revenueLn 12$72.2M
Assets in detailPt X, end of year
CashLn 1$7K
SavingsLn 2$12.7M
Cash and savings togetherLn 1–2$12.7M
Pledges and grants receivableLn 3$1.6M
Accounts receivableLn 4$1.6M
Notes and loans receivableLn 7$66K
Inventories for sale or useLn 8$16K
Prepaid expenses and deferred chargesLn 9$910K
Land, buildings, equipmentLn 10c$78.0M
InvestmentsLn 11–13$22.8M
Other assetsLn 15$493K
Total assetsLn 16$118.2M
LiabilitiesLn 26$43.7M
Net assetsLn 32$74.5M
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$30.1M
Bond issues listedSch K Pt I2
Raised by those issuesSch K Pt I$40.3M
Abroad and in kindSch F, M
Noncash gifts receivedSch M Pt I$103K
Investment feesPt IX, Sch D
Investment fees, as reportedPt IX 11f$101K
Share of the $22.8M endowmentSch D 1g0.44%
Typical, median of 2,202 orgs0.44%
EndowmentSch D · Pt V
| Line | FY20 | FY19 | FY18 | FY17 | FY16 |
|---|---|---|---|---|---|
| End of yearLn 1g | $22.8M | $22.2M | $22.9M | $27.7M | $24.1M |
| Given inLn 1b | $884K | $759K | $1.7M | $4.2M | $2.2M |
| SpentLn 1d–1f | $1.2M | $2.7M | $8.2M | $2.8M | $2.1M |
4Year over year
Balance sheet, start vs end of yearPt X · col A, B
| Line | Start FY20 | End FY20 |
|---|---|---|
| Cash and savingsLn 1–2 | $6.5M | $12.7M |
| InvestmentsLn 11–13 | $21.7M | $22.8M |
| Land, buildings, equipmentLn 10c | $80.5M | $78.0M |
| Total assetsLn 16 | $113.8M | $118.2M |
| LiabilitiesLn 26 | $38.8M | $43.7M |
| Net assetsLn 32 | $75.0M | $74.5M |
5Every line
Statement of functional expensesPt IX · every line
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic individualsLn 2 | $25.3M | $25.3M | ||
| Pay of current officers, directors and key staffLn 5 | $3.7M | $3.0M | $639K | $50K |
| Other salaries and wagesLn 7 | $21.4M | $18.8M | $2.5M | $111K |
| Pension plan contributionsLn 8 | $1.3M | $1.1M | $169K | $20K |
| Other employee benefitsLn 9 | $2.9M | $2.5M | $374K | $42K |
| Payroll taxesLn 10 | $1.7M | $1.5M | $190K | $28K |
| Legal feesLn 11b | $130K | $130K | ||
| Accounting feesLn 11c | $76K | $76K | ||
| Lobbying feesLn 11d | $42K | $42K | ||
| Investment management feesLn 11f | $101K | $101K | ||
| Other fees for servicesLn 11g | $735K | $404K | $323K | $8K |
| Advertising and promotionLn 12 | $154K | $27K | $126K | $2K |
| Office expensesLn 13 | $343K | $335K | −$9K | $17K |
| Information technologyLn 14 | $799K | $285K | $476K | $39K |
| OccupancyLn 16 | $3.7M | $3.6M | $128K | $13K |
| TravelLn 17 | $733K | $683K | $40K | $10K |
| Conferences, conventions and meetingsLn 19 | $37K | $31K | $5K | $871 |
| InterestLn 20 | $30K | $29K | $790 | $119 |
| Depreciation, depletion and amortizationLn 22 | $3.7M | $3.4M | $271K | $7K |
| InsuranceLn 23 | $502K | $360K | $132K | $10K |
| Other expenses (24a–d)Ln 24 | $3.8M | $3.3M | $434K | $9K |
| All other expensesLn 24e | $2.4M | $1.1M | $1.2M | $16K |
| Total functional expensesLn 25 | $73.6M | $65.9M | $7.3M | $383K |
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 |
| FY2024Filed 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 |
| FY2020 ViewingFiled 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 FY2020 990 (6 parts)
Part I · Summary $72,153,689 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $2,688,781$5,966,210
I-9 Program service revenuePrior year $69,465,447$65,913,257
I-10 Investment incomePrior year $1,125,850−$317,308
I-11 Other revenuePrior year −$24,171$591,530
I-12 Total revenuePrior year $73,255,907$72,153,689
I-13 Grants and similar amounts paidPrior year $23,742,742$25,325,090
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $31,658,978$31,017,515
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $18,361,714$17,265,422
I-18 Total expensesPrior year $73,763,434$73,608,027
I-19 Revenue less expensesPrior year −$507,527−$1,454,338
Part VI · Governance 34 of 35 board members independent, no flags
VI-1a Voting members of the governing body35
VI-1b Independent voting members34
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 $72,153,689 across 11 lines filed
VIII-1c Fundraising events$13,455
VIII-1e Government grants$3,586,618
VIII-1f All other contributions, gifts and grants$2,366,137
VIII-1g Noncash contributions (included above)$102,817
VIII-1h Total contributions, gifts and grants$5,966,210
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $65,913,257$65,913,257
VIII-3 Investment incomeExcluded from tax $752,648$752,648
VIII-7 Net gain or loss on sales of assetsExcluded from tax −$1,069,956−$1,069,956
VIII-8 Net income from fundraising eventsExcluded from tax −$24,232−$24,232
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $615,762$615,762
VIII-12 Total revenueRelated to mission $65,913,257 · Unrelated business $0 · Excluded from tax $274,222$72,153,689
Part IX · Statement of functional expenses $73,608,027 across 22 lines filed
IX-2 Grants to domestic individualsPrograms $25,325,090$25,325,090
IX-5 Pay of current officers, directors and key staffPrograms $3,045,096 · Management $639,215 · Fundraising $49,913$3,734,224
IX-7 Other salaries and wagesPrograms $18,793,541 · Management $2,452,382 · Fundraising $110,561$21,356,484
IX-8 Pension plan contributionsPrograms $1,088,173 · Management $169,438 · Fundraising $20,396$1,278,007
IX-9 Other employee benefitsPrograms $2,491,800 · Management $373,807 · Fundraising $42,295$2,907,902
IX-10 Payroll taxesPrograms $1,522,329 · Management $190,194 · Fundraising $28,375$1,740,898
IX-11b Legal feesManagement $129,600$129,600
IX-11c Accounting feesManagement $75,600$75,600
IX-11d Lobbying feesManagement $41,915$41,915
IX-11f Investment management feesManagement $100,622$100,622
IX-11g Other fees for servicesPrograms $404,098 · Management $322,756 · Fundraising $8,049$734,903
IX-12 Advertising and promotionPrograms $26,589 · Management $125,700 · Fundraising $1,625$153,914
IX-13 Office expensesPrograms $334,611 · Management −$9,180 · Fundraising $17,213$342,644
IX-14 Information technologyPrograms $284,555 · Management $476,366 · Fundraising $38,553$799,474
IX-16 OccupancyPrograms $3,590,889 · Management $128,027 · Fundraising $13,135$3,732,051
IX-17 TravelPrograms $683,330 · Management $39,736 · Fundraising $9,820$732,886
IX-19 Conferences, conventions and meetingsPrograms $31,192 · Management $5,153 · Fundraising $871$37,216
IX-20 InterestPrograms $29,476 · Management $790 · Fundraising $119$30,385
IX-22 Depreciation, depletion and amortizationPrograms $3,439,604 · Management $270,925 · Fundraising $7,009$3,717,538
IX-23 InsurancePrograms $359,982 · Management $132,036 · Fundraising $9,724$501,742
IX-24 Other expenses (24a–d)Programs $3,337,538 · Management $434,013 · Fundraising $9,192$3,780,743
IX-24e All other expensesPrograms $1,149,932 · Management $1,187,770 · Fundraising $16,487$2,354,189
IX-25 Total functional expensesPrograms $65,937,825 · Management $7,286,865 · Fundraising $383,337$73,608,027
Part X · Balance sheet $118,191,841 assets, 22 lines filed
X-1 Cash, non-interest-bearingStart of year $25,499$7,162
X-2 Savings and temporary cash investmentsStart of year $6,517,778$12,697,208
X-3 Pledges and grants receivableStart of year $1,864,143$1,600,974
X-4 Accounts receivableStart of year $1,907,857$1,605,246
X-7 Notes and loans receivableStart of year $8,344$66,015
X-8 Inventories for sale or use$16,265
X-9 Prepaid expenses and deferred chargesStart of year $390,437$910,448
X-10c Land, buildings and equipment, netStart of year $80,468,895$78,045,473
X-11 Publicly traded securitiesStart of year $20,895,352$21,152,052
X-12 Other securitiesStart of year $842,079$1,598,158
X-15 Other assetsStart of year $178,898$492,840
X-16 Total assetsStart of year $113,789,466$118,191,841
X-17 Accounts payable and accrued expensesStart of year $2,012,120$2,536,549
X-19 Deferred revenueStart of year $3,111,808$2,968,847
X-20 Tax-exempt bond liabilitiesStart of year $31,705,709$30,086,969
X-21 Escrow or custodial accountsStart of year $123,374$273,902
X-25 Other liabilitiesStart of year $1,010,252$7,801,406
X-26 Total liabilitiesStart of year $38,761,293$43,667,673
X-27 Net assets without donor restrictionsStart of year $56,066,316$55,187,549
X-28 Net assets with donor restrictionsStart of year $18,961,857$19,336,619
X-32 Total net assets or fund balancesStart of year $75,028,173$74,524,168
X-33 Total liabilities and net assetsStart of year $113,789,466$118,191,841
Part XI · Reconciliation of net assets $74,524,168 net assets at year end
XI-1 Total revenue$72,153,689
XI-2 Total expenses$73,608,027
XI-3 Revenue less expenses−$1,454,338
XI-4 Net assets at start of year$75,028,173
XI-5 Net unrealized gains (losses) on investments$1,039,063
XI-9 Other changes in net assets−$88,730
XI-10 Net assets at end of year$74,524,168
Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File
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