Cumberland University FY2021 filing

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Providing private co-educational post-secondary education to all races and creeds of the general public.

501(c)(3) charity; gifts are tax-deductible.
83¢ of each $1 spent went to programs.
$601K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2021 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
6 of 6
filings with a surplus
Average surplus $4.4M a year · 6% of revenue · last 6 filings
Looks good: a surplus in 6 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
83%
of spending
Looks good: 83% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$601K
to officers and key staff · 1% of spending
Looks good: pay to officers and key staff is 1% of spending; 15% or less.
Pt VII · Sec A
2 mo
of spending, in cash
Plus $16.0M in investments, Pt X · Ln 11–13
Fine: 2.5 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
5
named funders · $223K
Looks good: 5 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$20.2M
34% of total assets
Looks good: liabilities are 34% of assets; 50% or less.
Pt X · Ln 26
Independent board members
26
of 26 voting members
Looks good: 26 of 26 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$52.5M
+10% vs prior year
Spent
$50.2M
To programs
83%
Net assets
$38.8M
By yearFY2020–FY2025
Revenue
$52.5M
FY2021▲ +10%
Tap a bar for its year
Revenue by fiscal year
FY2020$47.6M
FY2021$52.5M
FY2022$69.2M
FY2023$81.1M
FY2024$75.7M
FY2025$82.2M
Expenses
$50.2M
FY2021▲ +8%
Tap a bar for its year
Expenses by fiscal year
FY2020$46.4M
FY2021$50.2M
FY2022$64.5M
FY2023$69.6M
FY2024$73.0M
FY2025$78.4M
Net assets
$38.8M
FY2021▲ +16%
Tap a bar for its year
Net assets by fiscal year
FY2020$33.4M
FY2021$38.8M
FY2022$42.0M
FY2023$54.9M
FY2024$59.5M
FY2025$65.7M

From the FY2021 Form 990 (year ending May 2021) · figures checked against the IRS filing · see the original

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You’re viewing the FY2021 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 Jul 1944.

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

Where the money goes

83 cents of each dollar spent went to programs.

Program services 83% · $41.7M Management & general 16% · $8.0M Fundraising 1% · $462K

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

30 people listed on the 990; $601K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
President
$225,153Pt VII · Sec A
VP Finance
$127,321Pt VII · Sec A
Provost, VP Academic Affai
$126,455Pt VII · Sec A
VP Enrollment, Athletic Di
$121,742Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

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

NameFY2025FY2024FY2023FY2022FY2021FY2020
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.

See Cumberland University 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 2Yes
  • 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.

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3 programs · $17.5M · in their own filed words · FY2020
01

Instruction

Private university providing education for approximately 1,920 full-time and 511 part-time undergraduate and 273 graduate students through its nine undergraduate divisions and graduate programs.

$8.1Mprogram expense
02

Student Services

Provide services to the approximately 2,704 students enrolled in undergraduate and graduate programs.

$6.3Mprogram expense
03

Other Services

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

$3.0Mprogram 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
See all 5 funders →
Grants paid · 2 grants · $59.7M · 2020–2021
Unitemized GrantFY2021$35,472,057
Unitemized GrantFY2020$24,191,777

Federal money

Single Audit · Federal Audit Clearinghouse · money spent from federal programs
Year ending May 2025 · $11.3M federal money spent
Federal Pell Grant ProgramDepartment of Education · ALN 84.063 · Direct$5.6M
Federal Direct Student LoansDepartment of Education · ALN 84.268 · Direct$5.1M
Congressional DirectivesDepartment of Health and Human Services · ALN 93.493 · Direct$202K
National Historical Publications and Records GrantsNational Archives · ALN 89.003 · Direct$161K
Federal Supplemental Educational Opportunity GrantsDepartment of Education · ALN 84.007 · Direct$138K

Plus 2 smaller programs.

The auditor reported no findings.

Year ending May 2024 · $9.9M federal money spent
Federal Direct Student LoansDepartment of Education · ALN 84.268 · Direct$4.8M
Federal Pell Grant ProgramDepartment of Education · ALN 84.063 · Direct$4.2M
Congressional DirectivesDepartment of Health and Human Services · ALN 93.493 · Direct$552K
National Historical Publications and Records GrantsNational Archives · ALN 89.003 · Direct$149K
Federal Supplemental Educational Opportunity GrantsDepartment of Education · ALN 84.007 · Direct$115K

Plus 1 smaller program.

The auditor reported 4 findings: a weakness in money controls.

Year ending May 2023 · $9.9M federal money spent
Federal Direct Student LoansDepartment of Education · ALN 84.268 · Direct$5.7M
Federal Pell Grant ProgramDepartment of Education · ALN 84.063 · Direct$3.8M
Education Stabilization FundDepartment of Education · ALN 84.425 · Direct$136K
National Historical Publications and Records GrantsNational Archives · ALN 89.003 · Direct$129K
Federal Work-Study ProgramDepartment of Education · ALN 84.033 · Direct$95K

Plus 1 smaller program.

The auditor reported no findings.

Year ending May 2022 · $16.8M federal money spent
Education Stabilization FundDepartment of Education · ALN 84.425 · Direct$7.0M
Federal Direct Student LoansDepartment of Education · ALN 84.268 · Direct$5.8M
Federal Pell Grant ProgramDepartment of Education · ALN 84.063 · Direct$3.6M
Federal Supplemental Educational Opportunity GrantsDepartment of Education · ALN 84.007 · Direct$146K
National Historical Publications and Records GrantsNational Archives · ALN 89.003 · Direct$120K

Plus 1 smaller program.

The auditor reported 2 findings.

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$52.5M
Ln 12
Fees for servicesLn 2g$41.6M
Gifts and grantsLn 1h$10.4M
Investment incomeLn 3$562K
Money outPt IX
$50.2M
Ln 25
Programscol B$41.7M
Managementcol C$8.0M
Fundraisingcol D$462K
Owns and owesPt X
$38.8M
net assets · Ln 32
Cash and savingsLn 1–2$10.4M
Total assetsLn 16$59.0M
LiabilitiesLn 26$20.2M
PeoplePt VI, VII
30
listed · VII A
PaidVII A4
Voting boardVI 1a26
IndependentVI 1b26
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$10.4M
Government grantsLn 1e$6.6M
Fundraising eventsLn 1c$63K
Fees for servicesLn 2g$41.6M
Investment incomeLn 3$562K
Gains on assetsLn 7$191K
Total revenueLn 12$52.5M
Assets in detailPt X, end of year
CashLn 1$10.4M
Cash and savings togetherLn 1–2$10.4M
InvestmentsLn 11–13$16.0M
Land, buildings, equipmentLn 10c$30.5M
Total assetsLn 16$59.0M
LiabilitiesLn 26$20.2M
Net assetsLn 32$38.8M
OperationsPt I, VI
EmployeesI 5590
VolunteersI 60
Fiscal year endsHeaderMay
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3More from this return
Abroad and in kindSch F, M
Noncash gifts receivedSch M Pt I$299K
EndowmentSch D · Pt V
LineFY21FY20FY19FY18FY17
End of yearLn 1g$16.0M$12.6M$12.3M$12.0M$11.5M
Given inLn 1b$257K$154K$591K$312K$372K
SpentLn 1d–1f$177K$289K$252K$647K$507K
4Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$6.8M$10.4M
InvestmentsLn 11–13$12.6M$16.0M
Land, buildings, equipmentLn 10c$29.6M$30.5M
Total assetsLn 16$51.1M$59.0M
LiabilitiesLn 26$17.7M$20.2M
Net assetsLn 32$33.4M$38.8M
5Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$24.2M$24.2M
Pay of current officers, directors and key staffLn 5$947K$192K$477K$278K
Other salaries and wagesLn 7$10.9M$9.2M$1.7M$2K
Pension plan contributionsLn 8$371K$295K$67K$9K
Other employee benefitsLn 9$641K$510K$116K$15K
Payroll taxesLn 10$1.0M$800K$182K$24K
Legal feesLn 11b$117K$117K
Other fees for servicesLn 11g$2.1M$343K$1.7M$46K
Advertising and promotionLn 12$373K$2K$371K$24
Office expensesLn 13$3.2M$1.4M$1.7M$73K
OccupancyLn 16$1.6M$166K$1.5M
TravelLn 17$2.1M$2.1M$50K$3K
Conferences, conventions and meetingsLn 19$73K$63K$10K
InterestLn 20$455K$455K
Depreciation, depletion and amortizationLn 22$1.6M$1.6M
InsuranceLn 23$148K$148K
Other expenses (24a–d)Ln 24$195K$138K$54K$3K
All other expensesLn 24e$13K$13K
Total functional expensesLn 25$50.2M$41.7M$8.0M$462K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 LatestFiled with the IRS Apr 14, 2026 $82.2M$78.4M$3.8M$65.7M 990 PDF
FY2024Filed with the IRS Apr 14, 2025 $75.7M$73.0M$2.8M$59.5M 990 PDF
FY2023Filed with the IRS Mar 26, 2024 $81.1M$69.6M$11.4M$54.9M 990 PDF
FY2022Filed with the IRS Mar 23, 2023 $69.2M$64.5M$4.7M$42.0M 990 PDF
FY2021 ViewingFiled with the IRS Apr 12, 2022 $52.5M$50.2M$2.4M$38.8M 990 PDF
FY2020Filed with the IRS Apr 9, 2021 $47.6M$46.4M$1.1M$33.4M 990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support J · Pay O · Explanations
See the full FY2021 990 (6 parts)
Part I · Summary $52,511,771 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $7,449,233$10,391,504
I-9 Program service revenuePrior year $39,578,815$41,639,733
I-10 Investment incomePrior year $517,344$561,945
I-11 Other revenuePrior year $8,563−$81,411
I-12 Total revenuePrior year $47,553,955$52,511,771
I-13 Grants and similar amounts paidPrior year $22,139,738$24,191,777
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $13,150,816$13,852,415
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $11,158,445$12,116,676
I-18 Total expensesPrior year $46,448,999$50,160,868
I-19 Revenue less expensesPrior year $1,104,956$2,350,903
Part VI · Governance 26 of 26 board members independent, 3 to look at
VI-1a Voting members of the governing body26
VI-1b Independent voting members26
VI-2 Family or business relationship among officers or directorsYes
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-12a Written conflict of interest policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $52,511,771 across 9 lines filed
Lines not itemized here account for −$69,122 of total revenue; see the IRS return.
VIII-1c Fundraising events$62,625
VIII-1e Government grants$6,581,680
VIII-1f All other contributions, gifts and grants$3,747,199
VIII-1h Total contributions, gifts and grants$10,391,504
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $41,639,733$41,639,733
VIII-3 Investment incomeExcluded from tax $370,448$370,448
VIII-7 Net gain or loss on sales of assetsRelated to mission $191,497$191,497
VIII-8 Net income from fundraising eventsExcluded from tax −$12,289−$12,289
VIII-12 Total revenueRelated to mission $41,831,230 · Unrelated business $0 · Excluded from tax $289,037$52,511,771
Part IX · Statement of functional expenses $50,160,868 across 18 lines filed
IX-2 Grants to domestic individualsPrograms $24,191,777$24,191,777
IX-5 Pay of current officers, directors and key staffPrograms $191,910 · Management $476,601 · Fundraising $278,105$946,616
IX-7 Other salaries and wagesPrograms $9,217,487 · Management $1,668,749 · Fundraising $1,706$10,887,942
IX-8 Pension plan contributionsPrograms $294,981 · Management $67,256 · Fundraising $8,772$371,009
IX-9 Other employee benefitsPrograms $509,573 · Management $116,183 · Fundraising $15,154$640,910
IX-10 Payroll taxesPrograms $799,799 · Management $182,355 · Fundraising $23,784$1,005,938
IX-11b Legal feesManagement $116,833$116,833
IX-11g Other fees for servicesPrograms $343,413 · Management $1,739,713 · Fundraising $46,329$2,129,455
IX-12 Advertising and promotionPrograms $1,702 · Management $370,946 · Fundraising $24$372,672
IX-13 Office expensesPrograms $1,437,182 · Management $1,737,002 · Fundraising $72,802$3,246,986
IX-16 OccupancyPrograms $165,900 · Management $1,459,811$1,625,711
IX-17 TravelPrograms $2,066,440 · Management $50,289 · Fundraising $2,862$2,119,591
IX-19 Conferences, conventions and meetingsPrograms $62,733 · Fundraising $10,247$72,980
IX-20 InterestPrograms $455,190$455,190
IX-22 Depreciation, depletion and amortizationPrograms $1,621,495$1,621,495
IX-23 InsurancePrograms $147,706$147,706
IX-24 Other expenses (24a–d)Programs $138,016 · Management $54,087 · Fundraising $2,552$194,655
IX-24e All other expensesPrograms $13,402$13,402
IX-25 Total functional expensesPrograms $41,658,706 · Management $8,039,825 · Fundraising $462,337$50,160,868
Part X · Balance sheet $59,024,127 assets, 16 lines filed
X-1 Cash, non-interest-bearingStart of year $6,762,117$10,430,910
X-3 Pledges and grants receivableStart of year $218,558$294,558
X-4 Accounts receivableStart of year $1,492,267$1,433,510
X-9 Prepaid expenses and deferred chargesStart of year $315,479$393,968
X-10c Land, buildings and equipment, netStart of year $29,560,937$30,502,536
X-11 Publicly traded securitiesStart of year $10,577,011$14,409,375
X-12 Other securitiesStart of year $1,995,287$1,559,270
X-16 Total assetsStart of year $51,083,670$59,024,127
X-17 Accounts payable and accrued expensesStart of year $2,113,096$3,130,921
X-19 Deferred revenueStart of year $1,701,754$1,602,351
X-25 Other liabilitiesStart of year $53,278$0
X-26 Total liabilitiesStart of year $17,663,747$20,224,860
X-27 Net assets without donor restrictionsStart of year $19,002,059$21,654,216
X-28 Net assets with donor restrictionsStart of year $14,417,864$17,145,051
X-32 Total net assets or fund balancesStart of year $33,419,923$38,799,267
X-33 Total liabilities and net assetsStart of year $51,083,670$59,024,127
Part XI · Reconciliation of net assets $38,799,267 net assets at year end
XI-1 Total revenue$52,511,771
XI-2 Total expenses$50,160,868
XI-3 Revenue less expenses$2,350,903
XI-4 Net assets at start of year$33,419,923
XI-5 Net unrealized gains (losses) on investments$3,013,466
XI-9 Other changes in net assets$14,975
XI-10 Net assets at end of year$38,799,267

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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