Cumberland University: Nonprofit Profile, Financials & Form 990 (EIN 62-0599339)

Revenue by fiscal year
FY2020	$47.6M
FY2021	$52.5M
FY2022	$69.2M
FY2023	$81.1M
FY2024	$75.7M
FY2025	$82.2M

Expenses by fiscal year
FY2020	$46.4M
FY2021	$50.2M
FY2022	$64.5M
FY2023	$69.6M
FY2024	$73.0M
FY2025	$78.4M

Net assets by fiscal year
FY2020	$33.4M
FY2021	$38.8M
FY2022	$42.0M
FY2023	$54.9M
FY2024	$59.5M
FY2025	$65.7M

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jul 1944.

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

Where the money goes

85 cents of each dollar spent went to programs.

85%

14%

Program services 85% · $67.0M Management & general 14% · $10.7M Fundraising 1% · $704K

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

42 people listed on the 990; $1.7M 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

Paul Stumb

President

$291,633Pt VII · Sec A

Ron Pavan

VP Athletics and Facilities

$177,998Pt VII · Sec A

C William McKee

Provost VP Academic Affairs

$175,395Pt VII · Sec A

Mark Hanshaw

General Counsel Associate

$159,610Pt VII · Sec A

Courtney Wheeler

VP Advancement

$147,607Pt VII · Sec A

Reggie Blair

VP Enrollment

$126,381Pt VII · Sec A

Stephen Shao

Professor of Business

$117,178Pt VII · Sec A

Steven Fuller

Professor of Mathematics

$116,740Pt VII · Sec A

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

Name	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020
Paul Stumb	$291,633	$264,739	$274,468	$281,188	$225,153	$224,774
Ronald Ford	—	—	$180,753	$200,000	—	—
Ron Pavan	$177,998	$153,220	$158,583	$154,417	$121,742	$122,478
C William McKee	$175,395	$155,257	$159,322	$158,017	$126,455	$124,856
Mark Hanshaw	$159,610	$140,462	—	—	—	—
Courtney Wheeler	$147,607	$129,205	—	—	—	—
Judy Jordan	—	—	$93,608	$117,489	$127,321	$111,832
Reggie Blair	$126,381	$126,784	—	—	—	—

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

Offers private co-ed college education to everyone, regardless of race or religion.

Provided by the organization

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3 programs · $67.0M · in their own filed words · FY2024

01

Instruction

Private university providing education for approximately 2,042 full-time and 704 part-time undergraduate and 711 graduate students through its nine undergraduate divisions and graduate programs.

$51.3Mprogram expense

02

Student Services

Provide services to the approximately 2,858 students enrolled in undergraduate and graduate programs.

$11.7Mprogram expense

03

Other Services

Services operated for the convenience of its students, faculty, and staff.

$4.0Mprogram 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 · FY2024

Lettie Pate Whitehead Foundation INCFY2024$123K

The Community Foundation of MiddleFY2024$50K

Donor Advised Charitable Giving INCFY2024$29K

Vanderbilt University Medical CenterFY2024$12K

American Endowment FoundationFY2024$10K

Total grants receivedfrom 5 funders$223K

See all 5 funders →

Grants paid · 2 grants · $59.7M · 2020–2021

Unitemized GrantFY2021$35,472,057

Unitemized GrantFY2020$24,191,777

By the numbers

The FY2025 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$82.2M

Ln 12

Fees for servicesLn 2g$75.3M

Gifts and grantsLn 1h$4.6M

Other incomeLn 4–11$1.2M

Money outPt IX

$78.4M

Ln 25

Programscol B$67.0M

Managementcol C$10.7M

Fundraisingcol D$704K

Owns and owesPt X

$65.7M

net assets · Ln 32

Cash and savingsLn 1–2$9.1M

Total assetsLn 16$83.4M

LiabilitiesLn 26$17.7M

PeoplePt VI, VII

42

listed · VII A

PaidVII A11

Voting boardVI 1a31

IndependentVI 1b31

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$4.6M

Government grantsLn 1e$11K

Noncash giftsLn 1g$437K

Fundraising eventsLn 1c$90K

Fees for servicesLn 2g$75.3M

Investment incomeLn 3$1.1M

Other incomeLn 4–11$1.2M

Gains on assetsLn 7$249K

Total revenueLn 12$82.2M

Assets in detailPt X, end of year

CashLn 1$9.1M

SavingsLn 2$21K

Cash and savings togetherLn 1–2$9.1M

InvestmentsLn 11–13$28.0M

Land, buildings, equipmentLn 10c$38.9M

Other assetsLn 15$115K

Total assetsLn 16$83.4M

LiabilitiesLn 26$17.7M

Net assetsLn 32$65.7M

OperationsPt I, VI

EmployeesI 5590

VolunteersI 60

Fiscal year endsHeaderMay

Conflict-of-interest policyVI 12aYes

Whistleblower policyVI 13No

Records policyVI 14No

3Year over year

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

Line	Start FY25	End FY25
Cash and savingsLn 1–2	$7.4M	$9.1M
InvestmentsLn 11–13	$24.4M	$28.0M
Land, buildings, equipmentLn 10c	$39.5M	$38.9M
Total assetsLn 16	$77.3M	$83.4M
LiabilitiesLn 26	$17.8M	$17.7M
Net assetsLn 32	$59.5M	$65.7M

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Grants to domestic individualsLn 2	$40.6M	$40.6M
Pay of current officers, directors and key staffLn 5	$1.2M	$803K		$379K
Other salaries and wagesLn 7	$13.0M	$11.1M	$1.9M	$19K
Pension plan contributionsLn 8	$354K	$303K	$42K	$9K
Other employee benefitsLn 9	$2.0M	$1.7M	$197K	$102K
Payroll taxesLn 10	$1.1M	$919K	$137K	$20K
Accounting feesLn 11c	$81K		$81K
Other fees for servicesLn 11g	$2.6M	$1.9M	$646K	$12K
Advertising and promotionLn 12	$405K	$1K	$404K
Office expensesLn 13	$3.0M	$2.3M	$636K	$47K
Information technologyLn 14	$463K	$172K	$225K	$67K
OccupancyLn 16	$2.0M	$383K	$1.6M
TravelLn 17	$4.2M	$4.1M	$113K	$12K
Conferences, conventions and meetingsLn 19	$73K	$54K	$12K	$7K
InterestLn 20	$277K		$277K
Depreciation, depletion and amortizationLn 22	$2.8M		$2.8M
InsuranceLn 23	$838K	$182K	$656K
Other expenses (24a–d)Ln 24	$3.3M	$2.3M	$964K	$28K
All other expensesLn 24e	$18K	$18K
Total functional expensesLn 25	$78.4M	$67.0M	$10.7M	$704K

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2025 Latest Viewing	$82.2M	$78.4M	$3.8M	$65.7M	990 PDF
FY2024	$75.7M	$73.0M	$2.8M	$59.5M	990 PDF
FY2023	$81.1M	$69.6M	$11.4M	$54.9M	990 PDF
FY2022	$69.2M	$64.5M	$4.7M	$42.0M	990 PDF
FY2021	$52.5M	$50.2M	$2.4M	$38.8M	990 PDF
FY2020	$47.6M	$46.4M	$1.1M	$33.4M	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 $82,170,753 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $5,355,547$4,565,746

I-9 Program service revenuePrior year $69,011,020$75,276,454

I-10 Investment incomePrior year $907,748$1,088,943

I-11 Other revenuePrior year $472,951$1,239,610

I-12 Total revenuePrior year $75,747,266$82,170,753

I-13 Grants and similar amounts paidPrior year $39,049,301$40,646,362

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

I-15 Salaries and benefitsPrior year $16,131,222$17,619,407

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

I-17 Other expensesPrior year $17,786,917$20,107,293

I-18 Total expensesPrior year $72,967,440$78,373,062

I-19 Revenue less expensesPrior year $2,779,826$3,797,691

Part VI · Governance 31 of 31 board members independent, 2 to look at

VI-1a Voting members of the governing body31

VI-1b Independent voting members31

VI-13 Written whistleblower policyNo

VI-14 Document retention and destruction policyNo

VI-2 Family or business relationship among officers or directorsNo

VI-12a Written conflict of interest policyYes

VI-15a Process for setting top official's payYes

Part VIII · Statement of revenue $82,170,753 across 12 lines filed

VIII-1c Fundraising events$89,616

VIII-1e Government grants$11,255

VIII-1f All other contributions, gifts and grants$4,464,875

VIII-1g Noncash contributions (included above)$437,011

VIII-1h Total contributions, gifts and grants$4,565,746

VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $75,276,454$75,276,454

VIII-3 Investment incomeExcluded from tax $839,872$839,872

VIII-6 Net rental income or lossExcluded from tax $79,935$79,935

VIII-7 Net gain or loss on sales of assetsExcluded from tax $249,071$249,071

VIII-8 Net income from fundraising eventsExcluded from tax $13,878$13,878

VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $1,145,797$1,145,797

VIII-12 Total revenueRelated to mission $76,422,251 · Unrelated business $0 · Excluded from tax $1,182,756$82,170,753

Part IX · Statement of functional expenses $78,373,062 across 19 lines filed

IX-2 Grants to domestic individualsPrograms $40,646,362$40,646,362

IX-5 Pay of current officers, directors and key staffPrograms $802,926 · Fundraising $379,114$1,182,040

IX-7 Other salaries and wagesPrograms $11,084,042 · Management $1,875,523 · Fundraising $19,439$12,979,004

IX-8 Pension plan contributionsPrograms $302,560 · Management $42,389 · Fundraising $9,337$354,286

IX-9 Other employee benefitsPrograms $1,729,268 · Management $196,822 · Fundraising $102,361$2,028,451

IX-10 Payroll taxesPrograms $918,582 · Management $136,766 · Fundraising $20,278$1,075,626

IX-11c Accounting feesManagement $81,213$81,213

IX-11g Other fees for servicesPrograms $1,947,867 · Management $645,538 · Fundraising $11,787$2,605,192

IX-12 Advertising and promotionPrograms $1,397 · Management $403,523$404,920

IX-13 Office expensesPrograms $2,344,164 · Management $635,936 · Fundraising $46,902$3,027,002

IX-14 Information technologyPrograms $171,600 · Management $224,538 · Fundraising $67,334$463,472

IX-16 OccupancyPrograms $383,028 · Management $1,607,719$1,990,747

IX-17 TravelPrograms $4,082,057 · Management $113,115 · Fundraising $12,239$4,207,411

IX-19 Conferences, conventions and meetingsPrograms $53,873 · Management $11,873 · Fundraising $7,439$73,185

IX-20 InterestManagement $277,026$277,026

IX-22 Depreciation, depletion and amortizationManagement $2,809,976$2,809,976

IX-23 InsurancePrograms $182,025 · Management $655,590$837,615

IX-24 Other expenses (24a–d)Programs $2,319,803 · Management $963,742 · Fundraising $28,202$3,311,747

IX-24e All other expensesPrograms $17,787$17,787

IX-25 Total functional expensesPrograms $66,987,341 · Management $10,681,289 · Fundraising $704,432$78,373,062

Part X · Balance sheet $83,447,053 assets, 19 lines filed

X-1 Cash, non-interest-bearingStart of year $7,034,787$9,119,764

X-2 Savings and temporary cash investmentsStart of year $381,668$21,126

X-3 Pledges and grants receivableStart of year $1,405,705$1,238,806

X-4 Accounts receivableStart of year $4,231,900$5,817,910

X-9 Prepaid expenses and deferred chargesStart of year $95,865$200,482

X-10c Land, buildings and equipment, netStart of year $39,515,276$38,922,678

X-11 Publicly traded securitiesStart of year $24,368,350$27,691,074

X-12 Other securitiesStart of year $74,644$306,458

X-14 Intangible assetsStart of year $13,775$13,775

X-15 Other assetsStart of year $174,120$114,980

X-16 Total assetsStart of year $77,296,090$83,447,053

X-17 Accounts payable and accrued expensesStart of year $4,470,249$4,062,720

X-19 Deferred revenueStart of year $3,964,167$4,374,414

X-25 Other liabilitiesStart of year $176,045$118,230

X-26 Total liabilitiesStart of year $17,834,935$17,703,573

X-27 Net assets without donor restrictionsStart of year $31,718,958$33,998,276

X-28 Net assets with donor restrictionsStart of year $27,742,197$31,745,204

X-32 Total net assets or fund balancesStart of year $59,461,155$65,743,480

X-33 Total liabilities and net assetsStart of year $77,296,090$83,447,053

Part XI · Reconciliation of net assets $65,743,480 net assets at year end

XI-1 Total revenue$82,170,753

XI-2 Total expenses$78,373,062

XI-3 Revenue less expenses$3,797,691

XI-4 Net assets at start of year$59,461,155

XI-5 Net unrealized gains (losses) on investments$2,484,634

XI-9 Other changes in net assets$0

XI-10 Net assets at end of year$65,743,480

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

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