Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Feb 1937.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
80 cents of each dollar spent went to programs.
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
40 people listed on the 990; $1.4M paid to officers and key staff.
Dr Boone Hopkins’s $261K as President is at the 56th 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 |
|---|---|---|---|---|---|---|
| Krista Newkirk Jd | — | — | — | $132,982 | $277,100 | $274,600 |
| Dr Boone Hopkins | $260,915 | $253,415 | $266,827 | $162,299 | — | — |
| Joseph Wilferth | — | $169,612 | $61,733 | — | — | — |
| Krista Bofill | — | — | — | $93,983 | $163,800 | $160,596 |
| Kristin Lacey | $162,772 | $150,050 | $143,525 | $133,322 | $78,207 | — |
| Dr Jeffrey Barker | — | — | — | $86,073 | $146,523 | $143,650 |
| L Wayde Dawson | — | — | — | — | — | $130,000 |
| Michael Pasquarella | — | $126,906 | $31,712 | — | — | — |
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
Provides coeducational undergraduate and graduate liberal arts degrees within a collaborative, residential campus community designed to foster student creativity, learning, and personal growth.
Questions for Converse University
Your first name shows with your question. Converse University answers here, for everyone.
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Founded in 1889, converse college develops adaptable leaders who are equipped with the creativity, character, knowledge and perspective to transform the world around them. Consistently top-ranked by "U.S. News and world report", converse offers co-educational undergraduate and graduate programs.
Converse college is a residential college, meaning on-campus living is a valuable experience where in and out of class learning merge. From historic charm to modern ease, converse's residence halls offer diverse options to suit the needs and preferences of today's students.
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2021 990, line by line.
Download 990
| Line | Start FY21 | End FY21 |
|---|---|---|
| Cash and savingsLn 1–2 | $21.6M | $19.6M |
| InvestmentsLn 11–13 | $71.1M | $87.6M |
| Land, buildings, equipmentLn 10c | $52.4M | $51.1M |
| Total assetsLn 16 | $163.7M | $179.1M |
| LiabilitiesLn 26 | $41.4M | $35.6M |
| Net assetsLn 32 | $122.3M | $143.4M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic individualsLn 2 | $5.1M | $5.1M | ||
| Pay of current officers, directors and key staffLn 5 | $994K | $321K | $526K | $147K |
| Other salaries and wagesLn 7 | $12.5M | $10.0M | $1.9M | $625K |
| Pension plan contributionsLn 8 | $165K | $132K | $25K | $8K |
| Other employee benefitsLn 9 | $2.1M | $1.7M | $313K | $104K |
| Payroll taxesLn 10 | $960K | $768K | $144K | $48K |
| Legal feesLn 11b | $38K | $38K | ||
| Accounting feesLn 11c | $58K | $58K | ||
| Investment management feesLn 11f | $326K | $326K | ||
| Other fees for servicesLn 11g | $1.9M | $1.4M | $289K | $193K |
| Advertising and promotionLn 12 | $427K | $299K | $64K | $64K |
| Office expensesLn 13 | $479K | $383K | $72K | $24K |
| OccupancyLn 16 | $1.1M | $908K | $107K | $53K |
| TravelLn 17 | $41K | $35K | $4K | $2K |
| InterestLn 20 | $992K | $844K | $99K | $50K |
| Depreciation, depletion and amortizationLn 22 | $2.7M | $2.3M | $268K | $134K |
| InsuranceLn 23 | $485K | $485K | ||
| Other expenses (24a–d)Ln 24 | $2.4M | $2.0M | $238K | $119K |
| All other expensesLn 24e | $2.6M | $2.2M | $260K | $144K |
| Total functional expensesLn 25 | $35.3M | $28.4M | $5.2M | $1.7M |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2025 Latest | $50.7M | $47.6M | $3.1M | $145.8M | 990 PDF |
| FY2024 | $41.5M | $43.3M | −$1.9M | $137.2M | 990 PDF |
| FY2023 | $34.7M | $40.5M | −$5.7M | $132.4M | 990 PDF |
| FY2022 | $42.2M | $41.1M | $1.1M | $133.7M | 990 PDF |
| FY2021 Viewing | $36.5M | $35.3M | $1.2M | $143.4M | 990 PDF |
| FY2020 | $32.7M | $33.8M | −$1.1M | $122.3M | 990 PDF |
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Schedules filed Part IV
See the full FY2021 990 (6 parts)
Part I · Summary $36,493,779 revenue, 12 lines filed
Part VI · Governance 29 of 29 board members independent, no flags
Part VIII · Statement of revenue $36,493,779 across 9 lines filed
Part IX · Statement of functional expenses $35,340,779 across 19 lines filed
Part X · Balance sheet $179,052,954 assets, 20 lines filed
Part XI · Reconciliation of net assets $143,430,589 net assets at year end
Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File
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