Wofford College: Nonprofit Profile, Financials & Form 990 (EIN 57-0314422)

Revenue by fiscal year
FY2020	$116.1M
FY2021	$301.7M
FY2022	$131.7M
FY2023	$138.5M
FY2024	$171.4M
FY2025	$166.4M

Expenses by fiscal year
FY2020	$120.0M
FY2021	$124.6M
FY2022	$132.7M
FY2023	$147.0M
FY2024	$157.5M
FY2025	$162.7M

Net assets by fiscal year
FY2020	$374.4M
FY2021	$609.4M
FY2022	$549.8M
FY2023	$583.7M
FY2024	$635.4M
FY2025	$680.4M

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jul 1937.

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

Where the money goes

90 cents of each dollar spent went to programs.

90%

Program services 90% · $146.2M Management & general 8% · $13.6M Fundraising 2% · $2.9M

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; $1.9M paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII

Nayef Samhat

President

$496,277Pt VII · Sec A

Steven Watson

Head Football Coach

$292,630Pt VII · Sec A

Calhoun Kennedy

VP for Philanthropy and Engagement

$219,720Pt VII · Sec A

Dwight Perry

Head Men's Basketball Coach

$219,428Pt VII · Sec A

Chris Gardner

Chief Financial Officer

$196,556Pt VII · Sec A

Timothy Schmitz

Provost

$176,294Pt VII · Sec A

Boyce Lawton

Dean for Student Success

$171,917Pt VII · Sec A

James Garrity

Head Women's Basketball Coach

$168,291Pt VII · Sec A

Compensation history total reportable pay by year · 8 named individuals · Part VII

Name	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020
Nayef Samhat	$496,277	$495,989	$493,469	$476,451	$441,834	$424,049
Josh Conklin	—	—	$406,970	—	$297,700	$290,387
Steven Watson	$292,630	$283,117	—	—	—	—
Joshua Conklin	—	—	—	$292,106	—	—
David Wood	—	—	—	$246,811	$243,400	$240,627
Calhoun Kennedy	$219,720	$213,078	$199,357	$166,933	$157,555	$152,815
Dwight Perry	$219,428	$181,592	—	—	—	—
Jonathan McAuley	—	—	$218,422	$215,079	$211,199	$176,115

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 a superior liberal arts tradition.

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Provided by the organization

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2 programs · $146.2M · in their own filed words · FY2024

01

The college provided a liberal arts education to approximately 1,825 students for the 2024-2025 academic year, graduating approximately 375 students with ba or BS degrees. The college is committed to affordability and access to students of all backgrounds.

$92.3Mprogram expense

02

The college provided auxiliary services for the convenience of students, faculty, staff and the community. Such auxiliary enterprises include student housing, athletics, intramural sports, and the wellness center.

$53.9Mprogram 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

James Family Foundation INCFY2025$265K

Spartanburg County FoundationFY2025$114K

Alfred Moore FoundationFY2025$25K

C G Fuller FoundationFY2025$18K

Waccamaw Community Foundation INCFY2025$12K

Ruth Winn Wickware Foundation Palmetto BankFY2025$11K

America's CharitiesFY2025$8K

Wateree Dreams FoundationFY2025$3K

Total grants receivedfrom 11 funders$463K

See all 11 funders →

Grants paid · 5 grants · $26.5M · 2019–2021

Unitemized GrantFY2021$8,443,039

Unitemized GrantFY2020$7,841,692

Unitemized GrantFY2020$2,278,000

Unitemized GrantFY2019$7,398,752

Unitemized GrantFY2019$551,953

By the numbers

The FY2025 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$166.4M

Ln 12

Fees for servicesLn 2g$127.4M

Investment incomeLn 3$21.4M

Gifts and grantsLn 1h$16.9M

Money outPt IX

$162.7M

Ln 25

Programscol B$146.2M

Managementcol C$13.6M

Fundraisingcol D$2.9M

Owns and owesPt X

$680.4M

net assets · Ln 32

Cash and savingsLn 1–2$15.6M

Total assetsLn 16$804.2M

LiabilitiesLn 26$123.8M

PeoplePt VI, VII

39

listed · VII A

PaidVII A8

Voting boardVI 1a30

IndependentVI 1b30

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$16.9M

Government grantsLn 1e$352K

Noncash giftsLn 1g$1.5M

Fundraising eventsLn 1c$36K

Fees for servicesLn 2g$127.4M

Investment incomeLn 3$21.4M

Other incomeLn 4–11$666K

Gains on assetsLn 7$13.1M

Total revenueLn 12$166.4M

Assets in detailPt X, end of year

CashLn 1$3.9M

SavingsLn 2$11.7M

Cash and savings togetherLn 1–2$15.6M

InvestmentsLn 11–13$509.5M

Land, buildings, equipmentLn 10c$251.7M

Other assetsLn 15$9.5M

Total assetsLn 16$804.2M

LiabilitiesLn 26$123.8M

Net assetsLn 32$680.4M

OperationsPt I, VI

EmployeesI 51,159

VolunteersI 631

Fiscal year endsHeaderJune

Conflict-of-interest policyVI 12aYes

Whistleblower policyVI 13Yes

Records policyVI 14Yes

3Year over year

Balance sheet, start vs end of yearPt X · col A, B

Line	Start FY25	End FY25
Cash and savingsLn 1–2	$32.2M	$15.6M
InvestmentsLn 11–13	$459.6M	$509.5M
Land, buildings, equipmentLn 10c	$243.9M	$251.7M
Total assetsLn 16	$761.0M	$804.2M
LiabilitiesLn 26	$125.6M	$123.8M
Net assetsLn 32	$635.4M	$680.4M

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Grants to domestic individualsLn 2	$64.1M	$64.1M
Pay of current officers, directors and key staffLn 5	$1.0M	$643K	$374K
Other salaries and wagesLn 7	$35.1M	$30.2M	$3.4M	$1.5M
Pension plan contributionsLn 8	$3.0M	$2.6M	$314K	$118K
Other employee benefitsLn 9	$7.8M	$6.6M	$867K	$298K
Payroll taxesLn 10	$2.0M	$1.7M	$227K	$78K
Legal feesLn 11b	$85K		$85K
Accounting feesLn 11c	$151K		$151K
Investment management feesLn 11f	$3.0M		$3.0M
Other fees for servicesLn 11g	$2.2M	$1.4M	$815K	$21K
Advertising and promotionLn 12	$596K	$535K	$50K	$10K
Office expensesLn 13	$3.5M	$2.9M	$364K	$176K
Information technologyLn 14	$2.3M	$1.7M	$452K	$84K
OccupancyLn 16	$7.2M	$6.0M	$1.1M	$38K
TravelLn 17	$5.7M	$4.6M	$657K	$422K
InterestLn 20	$2.6M	$2.5M	$61K	$17K
Depreciation, depletion and amortizationLn 22	$10.8M	$10.4M	$277K	$75K
InsuranceLn 23	$1.4M	$485K	$943K
Other expenses (24a–d)Ln 24	$9.8M	$9.7M	$144K	$17K
All other expensesLn 24e	$380K	$97K	$275K	$8K
Total functional expensesLn 25	$162.7M	$146.2M	$13.6M	$2.9M

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2025 Latest Viewing	$166.4M	$162.7M	$3.7M	$680.4M	990 PDF
FY2024	$171.4M	$157.5M	$13.8M	$635.4M	990 PDF
FY2023	$138.5M	$147.0M	−$8.6M	$583.7M	990 PDF
FY2022	$131.7M	$132.7M	−$917K	$549.8M	990 PDF
FY2021	$301.7M	$124.6M	$177.1M	$609.4M	990 PDF
FY2020	$116.1M	$120.0M	−$3.9M	$374.4M	990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash

See the full FY2025 990 (6 parts)

Part I · Summary $166,390,074 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $20,386,798$16,857,376

I-9 Program service revenuePrior year $127,592,049$127,443,206

I-10 Investment incomePrior year $23,330,557$21,423,309

I-11 Other revenuePrior year $52,950$666,183

I-12 Total revenuePrior year $171,362,354$166,390,074

I-13 Grants and similar amounts paidPrior year $61,785,817$64,054,699

I-14 Benefits paid to membersPrior year $0$0

I-15 Salaries and benefitsPrior year $47,639,359$48,994,755

I-16a Professional fundraising feesPrior year $0$0

I-17 Other expensesPrior year $48,115,229$49,605,114

I-18 Total expensesPrior year $157,540,405$162,654,568

I-19 Revenue less expensesPrior year $13,821,949$3,735,506

Part VI · Governance 30 of 30 board members independent, no flags

VI-1a Voting members of the governing body30

VI-1b Independent voting members30

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 $166,390,074 across 12 lines filed

Lines not itemized here account for $2,489,564 of total revenue; see the IRS return.

VIII-1c Fundraising events$36,000

VIII-1e Government grants$351,708

VIII-1f All other contributions, gifts and grants$16,469,668

VIII-1g Noncash contributions (included above)$1,509,006

VIII-1h Total contributions, gifts and grants$16,857,376

VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $124,953,642$124,953,642

VIII-3 Investment incomeUnrelated business $44,628 · Excluded from tax $8,287,946$8,332,574

VIII-6 Net rental income or lossExcluded from tax $62,500$62,500

VIII-7 Net gain or loss on sales of assetsExcluded from tax $13,090,735$13,090,735

VIII-8 Net income from fundraising eventsExcluded from tax $170$170

VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $603,513$603,513

VIII-12 Total revenueRelated to mission $127,443,206 · Unrelated business $44,628 · Excluded from tax $22,044,864$166,390,074

Part IX · Statement of functional expenses $162,654,568 across 20 lines filed

IX-2 Grants to domestic individualsPrograms $64,054,699$64,054,699

IX-5 Pay of current officers, directors and key staffPrograms $642,668 · Management $373,657$1,016,325

IX-7 Other salaries and wagesPrograms $30,198,095 · Management $3,404,262 · Fundraising $1,501,611$35,103,968

IX-8 Pension plan contributionsPrograms $2,586,663 · Management $313,514 · Fundraising $117,589$3,017,766

IX-9 Other employee benefitsPrograms $6,648,728 · Management $866,594 · Fundraising $298,361$7,813,683

IX-10 Payroll taxesPrograms $1,738,710 · Management $226,571 · Fundraising $77,732$2,043,013

IX-11b Legal feesManagement $85,150$85,150

IX-11c Accounting feesManagement $151,369$151,369

IX-11f Investment management feesManagement $3,017,162$3,017,162

IX-11g Other fees for servicesPrograms $1,379,786 · Management $814,921 · Fundraising $20,820$2,215,527

IX-12 Advertising and promotionPrograms $535,364 · Management $49,903 · Fundraising $10,293$595,560

IX-13 Office expensesPrograms $2,915,192 · Management $364,364 · Fundraising $175,595$3,455,151

IX-14 Information technologyPrograms $1,717,154 · Management $451,690 · Fundraising $83,933$2,252,777

IX-16 OccupancyPrograms $6,036,631 · Management $1,075,997 · Fundraising $37,707$7,150,335

IX-17 TravelPrograms $4,620,849 · Management $657,151 · Fundraising $421,726$5,699,726

IX-20 InterestPrograms $2,494,782 · Management $61,019 · Fundraising $16,661$2,572,462

IX-22 Depreciation, depletion and amortizationPrograms $10,430,629 · Management $276,585 · Fundraising $74,502$10,781,716

IX-23 InsurancePrograms $485,445 · Management $943,371$1,428,816

IX-24 Other expenses (24a–d)Programs $9,658,637 · Management $143,560 · Fundraising $17,481$9,819,678

IX-24e All other expensesPrograms $96,817 · Management $275,297 · Fundraising $7,571$379,685

IX-25 Total functional expensesPrograms $146,240,849 · Management $13,552,137 · Fundraising $2,861,582$162,654,568

Part X · Balance sheet $804,222,395 assets, 19 lines filed

Asset lines not itemized here account for $119,903; see the IRS return.

X-1 Cash, non-interest-bearingStart of year $6,733,555$3,912,420

X-2 Savings and temporary cash investmentsStart of year $25,458,572$11,658,984

X-3 Pledges and grants receivableStart of year $14,263,601$12,980,442

X-4 Accounts receivableStart of year $1,908,010$2,588,534

X-9 Prepaid expenses and deferred chargesStart of year $1,820,911$2,243,477

X-10c Land, buildings and equipment, netStart of year $243,901,095$251,695,358

X-11 Publicly traded securitiesStart of year $112,473,024$195,672,825

X-12 Other securitiesStart of year $347,081,165$313,829,866

X-15 Other assetsStart of year $7,365,952$9,520,586

X-16 Total assetsStart of year $761,005,885$804,222,395

X-17 Accounts payable and accrued expensesStart of year $6,234,272$8,621,737

X-19 Deferred revenueStart of year $11,772,344$10,983,906

X-20 Tax-exempt bond liabilitiesStart of year $93,527,657$89,744,146

X-25 Other liabilitiesStart of year $7,091,800$7,458,785

X-26 Total liabilitiesStart of year $125,626,073$123,808,574

X-27 Net assets without donor restrictionsStart of year $149,500,294$143,352,251

X-28 Net assets with donor restrictionsStart of year $485,879,518$537,061,570

X-32 Total net assets or fund balancesStart of year $635,379,812$680,413,821

X-33 Total liabilities and net assetsStart of year $761,005,885$804,222,395

Part XI · Reconciliation of net assets $680,413,821 net assets at year end

XI-1 Total revenue$166,390,074

XI-2 Total expenses$162,654,568

XI-3 Revenue less expenses$3,735,506

XI-4 Net assets at start of year$635,379,812

XI-5 Net unrealized gains (losses) on investments$41,347,261

XI-9 Other changes in net assets−$48,758

XI-10 Net assets at end of year$680,413,821

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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