Oglethorpe University INC

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Atlanta's Oglethorpe University is committed to teaching excellence in an inclusive learning environment. We prepare students for success in professional endeavors as responsible and productive contributors to a global society.

Form 990 Part I, line 1, FY2025. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 58-0568698) · Dispute this line
501(c)(3) charity; gifts are tax-deductible.
85¢ of each $1 spent went to programs.
Run by 153 volunteers and 682 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
The IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
The latest return is for FY2025, 1 tax year back.
IRS e-file · Filing history
Surplus or deficit
3 of 6
filings with a surplus
Average surplus $2.0M a year · 3% of revenue · last 6 filings
A surplus in 3 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
85%
of spending
85% of spending went to programs.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$1.5M
to officers and key staff · 2% of spending
Pay to officers and key staff is 2% of spending.
Part VII, Section A
0.4 mo
of spending, in cash
Plus $54.7M in investments, Pt X · Ln 11–13
0.4 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
3
named funders · $16K
3 funders name it on their filings.
Funders’ Sch. I, 990-PF
Liabilities
$7.5M
6% of total assets
Liabilities are 6% of assets.
Pt X · Ln 26
Independent board members
31
of 32 voting members
31 of 32 voting members are independent.
Pt VI · Ln 1a–1b
Revenue
$81.3M
+6% vs prior year
Spent
$82.4M
To programs
85%
Net assets
$122.2M
By yearFY2020–FY2025
Revenue
$81.3M
FY2025▲ +6%
Tap a bar for its year
Revenue by fiscal year
FY2020$63.9M
FY2021$78.8M
FY2022$79.4M
FY2023$79.6M
FY2024$77.0M
FY2025$81.3M
Expenses
$82.4M
FY2025▲ +3%
Tap a bar for its year
Expenses by fiscal year
FY2020$63.0M
FY2021$67.3M
FY2022$75.1M
FY2023$79.7M
FY2024$80.2M
FY2025$82.4M
Net assets
$122.2M
FY2025▲ +2%
Tap a bar for its year
Net assets by fiscal year
FY2020$103.8M
FY2021$118.8M
FY2022$117.5M
FY2023$119.5M
FY2024$119.8M
FY2025$122.2M

From the FY2025 Form 990 (year ending June 2025) · figures checked against the IRS filing · see the original

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jan 1936.

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

Where the money goes

85 cents of each dollar spent went to programs.

Program services 85% · $70.3M Management & general 13% · $10.7M Fundraising 2% · $1.4M

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

32 people listed on the 990; $1.5M paid to officers and key staff (Part VII, Section A).

Part VII, Section A · reportable compensation
$367,494Pt VII · Sec A
Senior VP, COO & CFO
$286,478Pt VII · Sec A
Dean of the Hammack Business School
$210,279Pt VII · Sec A
Former VP of Enrollment Management
$182,015Pt VII · Sec A
Vice President of Student Affairs
$168,455Pt VII · Sec A
Assistant Vice President & CIO
$159,669Pt VII · Sec A
Associate Provost
$158,724Pt VII · Sec A
$0Pt VII · Sec A

Kathryn McClymond’s $367K 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

NameFY2025FY2024FY2023FY2022FY2021FY2020
Dr Lawrence M Schall————$460,791$388,429
Dr Nicholas Ladany——$397,019$379,255$168,451—
Kathryn McClymond$367,494$281,928$215,994———
Peter David Stobie—$291,562$253,304$239,739——
Stobie Peter David$286,478—————
Nicholas Ladany—$236,866————
Juan McGruder——$230,879$201,314——
Craft Stephen$210,279—————

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 Oglethorpe 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 and resources to advance knowledge and skills.

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3 programs · $70.3M · in their own filed words · FY2024
01

Instruction

The cost of offering the academic programs.

Form 990 Part III, line 4, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 58-0568698) · Dispute this line
$56.3Mprogram expense
02

Student Services

The costs of extracurricular and student-oriented services and programs designed to enhance the learning environment.

Form 990 Part III, line 4, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 58-0568698) · Dispute this line
$11.6Mprogram expense
03

Academic support, the costs of activities associated with the support of the campus and residential community.

Form 990 Part III, line 4, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 58-0568698) · Dispute this line
$2.4Mprogram 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
See all 3 funders →
Grants paid · 6 grants · $225.2M · 2019–2024
Unitemized GrantFY2024$41,513,217
Unitemized GrantFY2023$40,751,006
Unitemized GrantFY2022$39,982,784
Unitemized GrantFY2021$36,948,211
Unitemized GrantFY2020$34,748,866
Unitemized GrantFY2019$31,302,983

Federal money

Single Audit · Federal Audit Clearinghouse · money spent from federal programs
Year ending Jun 2025 · $10.7M federal money spent
Federal Direct Student LoansDepartment of Education · ALN 84.268 · Direct$6.6M
Federal Pell Grant ProgramDepartment of Education · ALN 84.063 · Direct$3.7M
Federal Supplemental Educational Opportunity GrantsDepartment of Education · ALN 84.007 · Direct$208K
Federal Work-Study ProgramDepartment of Education · ALN 84.033 · Direct$169K

The auditor reported no findings.

Year ending Jun 2024 · $10.0M federal money spent
Federal Direct Student LoansDepartment of Education · ALN 84.268 · Direct$6.4M
Federal Pell Grant ProgramDepartment of Education · ALN 84.063 · Direct$3.2M
Federal Supplemental Educational Opportunity GrantsDepartment of Education · ALN 84.007 · Direct$247K
Federal Work-Study ProgramDepartment of Education · ALN 84.033 · Direct$182K

The auditor reported no findings.

Year ending Jun 2023 · $9.5M federal money spent
Direct Subsidized Stafford LoanDepartment of Education · ALN 84.268 · Direct$6.4M
Federal Pell Grant ProgramDepartment of Education · ALN 84.063 · Direct$2.7M
Federal Supplemental Educational Opportunity GrantDepartment of Education · ALN 84.007 · Direct$294K
Federal Work-Study ProgramDepartment of Education · ALN 84.033 · Direct$125K

The auditor reported no findings.

Year ending Jun 2022 · $11.9M federal money spent
Federal Direct Student LoansDepartment of Education · ALN 84.268 · Direct$6.5M
Federal Pell Grant ProgramDepartment of Education · ALN 84.063 · Direct$2.7M
Education Stabilization FundDepartment of Education · ALN 84.425 · Direct and through Georgia Student Finance Commission$2.4M
Federal Supplemental Educational Opportunity GrantsDepartment of Education · ALN 84.007 · Direct$260K
Federal Work-Study ProgramDepartment of Education · ALN 84.033 · Direct$100K

The auditor reported no findings.

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$81.3M
Ln 12
Fees for servicesLn 2g$74.6M
Gifts and grantsLn 1h$4.8M
Other incomeLn 4–11$1.8M
Money outPt IX
$82.4M
Ln 25
Programscol B$70.3M
Managementcol C$10.7M
Fundraisingcol D$1.4M
Owns and owesPt X
$122.2M
net assets · Ln 32
Cash and savingsLn 1–2$2.9M
Total assetsLn 16$129.7M
LiabilitiesLn 26$7.5M
PeoplePt VI, VII
32
listed · VII A
PaidVII A7
Voting boardVI 1a32
IndependentVI 1b31
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$4.8M
Noncash giftsLn 1g$74K
Fees for servicesLn 2g$74.6M
Investment incomeLn 3$130K
Other incomeLn 4–11$1.8M
Gains on assetsLn 7$1.2M
Total revenueLn 12$81.3M
Assets in detailPt X, end of year
CashLn 1$2.9M
Cash and savings togetherLn 1–2$2.9M
Pledges and grants receivableLn 3$1.6M
Accounts receivableLn 4$876K
Inventories for sale or useLn 8$50K
Prepaid expenses and deferred chargesLn 9$309K
Land, buildings, equipmentLn 10c$68.6M
InvestmentsLn 11–13$54.7M
Other assetsLn 15$625K
Total assetsLn 16$129.7M
LiabilitiesLn 26$7.5M
Net assetsLn 32$122.2M
OperationsPt I, VI
EmployeesI 5682
VolunteersI 6153
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3More from this return
Abroad and in kindSch F, M
Noncash gifts receivedSch M Pt I$766K
Investment feesPt IX, Sch D
Investment fees, as reportedPt IX 11f$131K
Share of the $55.3M endowmentSch D 1g0.24%
Typical, median of 2,202 orgs0.44%
EndowmentSch D · Pt V
LineFY25FY24FY23FY22FY21
End of yearLn 1g$55.3M$51.1M$46.4M$41.6M$46.2M
AddedLn 1b$641K$1.1M$2.6M$935K$1.5M
SpentLn 1d–1f$1.9M$1.7M$1.6M$1.5M$1.4M
4Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$906K$2.9M
InvestmentsLn 11–13$50.8M$54.7M
Land, buildings, equipmentLn 10c$73.7M$68.6M
Total assetsLn 16$129.0M$129.7M
LiabilitiesLn 26$9.2M$7.5M
Net assetsLn 32$119.8M$122.2M
5Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$41.5M$41.5M
Pay of officers and key staff (Part IX, line 5)Ln 5$639K$458K$147K$34K
Other salaries and wagesLn 7$20.5M$14.7M$4.7M$1.1M
Pension plan contributionsLn 8$105K$75K$24K$6K
Other employee benefitsLn 9$52K$37K$12K$3K
Payroll taxesLn 10$1.3M$948K$304K$70K
Legal feesLn 11b$62K$62K
Accounting feesLn 11c$79K$79K
Investment management feesLn 11f$131K$131K
Advertising and promotionLn 12$653K$653K
Information technologyLn 14$1.7M$225K$1.4M$22K
TravelLn 17$910K$792K$59K$60K
InterestLn 20$176K$142K$35K
Depreciation, depletion and amortizationLn 22$4.0M$3.2M$789K
Other expenses (24a–d)Ln 24$10.3M$7.3M$2.8M$170K
All other expensesLn 24e$283K$283K
Total functional expensesLn 25$82.4M$70.3M$10.7M$1.4M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest ViewingFiled with the IRS May 11, 2026 $81.3M$82.4M−$1.1M$122.2M 990 PDF
FY2024Filed with the IRS May 7, 2025 $77.0M$80.2M−$3.2M$119.8M 990 PDF
FY2023Filed with the IRS Mar 7, 2024 $79.6M$79.7M−$108K$119.5M 990 PDF
FY2022 $79.4M$75.1M$4.3M$117.5M 990 PDF
FY2021Filed with the IRS Mar 7, 2022 $78.8M$67.3M$11.5M$118.8M 990 PDF
FY2020Filed with the IRS May 4, 2021 $63.9M$63.0M$892K$103.8M 990 PDF

Schedules filed Part IV

A · Public support B · Donors D · Assets and endowments E · Schools I · Grants J · Pay M · Noncash O · Explanations
See the full FY2025 990
Part I · Summary $81,326,696 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $2,815,912$4,792,729
I-9 Program service revenuePrior year $72,107,748$74,635,380
I-10 Investment incomePrior year $2,083,181$1,294,081
I-11 Other revenuePrior year $23,343$604,506
I-12 Total revenuePrior year $77,030,184$81,326,696
I-13 Grants and similar amounts paidPrior year $40,751,006$41,513,217
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $22,816,315$22,628,116
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $16,656,854$18,285,619
I-18 Total expensesPrior year $80,224,175$82,426,952
I-19 Revenue less expensesPrior year −$3,193,991−$1,100,256
Part VI · Governance 31 of 32 board members independent, no flags
VI-1a Voting members of the governing body32
VI-1b Independent voting members31
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 $81,326,696 across 8 lines filed
Lines not itemized here account for −$177,331 of total revenue; see the IRS return.
VIII-1f All other contributions, gifts and grants$4,792,729
VIII-1g Noncash contributions (included above)$73,900
VIII-1h Total contributions, gifts and grants$4,792,729
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $74,635,380$74,635,380
VIII-3 Investment incomeExcluded from tax $130,446$130,446
VIII-7 Net gain or loss on sales of assetsRelated to mission $1,163,635$1,163,635
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $781,837$781,837
VIII-12 Total revenueRelated to mission $76,580,852 · Unrelated business −$177,331 · Excluded from tax $130,446$81,326,696
Part IX · Statement of functional expenses $82,426,952 across 16 lines filed
IX-2 Grants to domestic individualsPrograms $41,513,217$41,513,217
IX-5 Pay of officers and key staff (Part IX, line 5)Programs $458,350 · Management $147,202 · Fundraising $33,631$639,183
IX-7 Other salaries and wagesPrograms $14,707,446 · Management $4,723,385 · Fundraising $1,079,137$20,509,968
IX-8 Pension plan contributionsPrograms $75,400 · Management $24,215 · Fundraising $5,532$105,147
IX-9 Other employee benefitsPrograms $37,439 · Management $12,024 · Fundraising $2,747$52,210
IX-10 Payroll taxesPrograms $947,709 · Management $304,362 · Fundraising $69,537$1,321,608
IX-11b Legal feesManagement $61,661$61,661
IX-11c Accounting feesManagement $78,750$78,750
IX-11f Investment management feesManagement $130,984$130,984
IX-12 Advertising and promotionPrograms $653,183$653,183
IX-14 Information technologyPrograms $225,149 · Management $1,444,291 · Fundraising $21,943$1,691,383
IX-17 TravelPrograms $791,860 · Management $58,807 · Fundraising $59,576$910,243
IX-20 InterestPrograms $141,606 · Management $34,586$176,192
IX-22 Depreciation, depletion and amortizationPrograms $3,230,059 · Management $788,913$4,018,972
IX-24 Other expenses (24a–d)Programs $7,267,109 · Management $2,844,724 · Fundraising $169,508$10,281,341
IX-24e All other expensesPrograms $282,910$282,910
IX-25 Total functional expensesPrograms $70,331,437 · Management $10,653,904 · Fundraising $1,441,611$82,426,952
Part X · Balance sheet $129,737,880 assets, 19 lines filed
X-1 Cash, non-interest-bearingStart of year $906,040$2,946,242
X-3 Pledges and grants receivableStart of year $1,145,574$1,623,671
X-4 Accounts receivableStart of year $1,229,280$876,228
X-8 Inventories for sale or useStart of year $59,775$49,895
X-9 Prepaid expenses and deferred chargesStart of year $406,581$308,907
X-10c Land, buildings and equipment, netStart of year $73,653,103$68,649,578
X-11 Publicly traded securitiesStart of year $50,755,399$54,629,667
X-12 Other securitiesStart of year $86,289$28,877
X-15 Other assetsStart of year $800,784$624,815
X-16 Total assetsStart of year $129,042,825$129,737,880
X-17 Accounts payable and accrued expensesStart of year $1,618,785$1,331,607
X-19 Deferred revenueStart of year $1,553,936$1,278,669
X-23 Secured mortgages and notes payableStart of year $5,254,281$4,078,579
X-25 Other liabilitiesStart of year $800,106$836,700
X-26 Total liabilitiesStart of year $9,227,108$7,525,555
X-27 Net assets without donor restrictionsStart of year $86,740,280$85,962,472
X-28 Net assets with donor restrictionsStart of year $33,075,437$36,249,853
X-32 Total net assets or fund balancesStart of year $119,815,717$122,212,325
X-33 Total liabilities and net assetsStart of year $129,042,825$129,737,880
Part XI · Reconciliation of net assets $122,212,325 net assets at year end
XI-1 Total revenue$81,326,696
XI-2 Total expenses$82,426,952
XI-3 Revenue less expenses−$1,100,256
XI-4 Net assets at start of year$119,815,717
XI-5 Net unrealized gains (losses) on investments$3,496,863
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$122,212,325

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

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