Samford University FY2021 filing

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The mission of Samford University is to nurture persons in their development of intellect, creativity, faith, and personhood. As a christian University, the community fosters academic, career, and ethical competency while encouraging social and civic responsibility, and service to others.

501(c)(3) charity; gifts are tax-deductible.
87¢ of each $1 spent went to programs.
$3.3M 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
5 of 6
filings with a surplus
Average surplus $33.1M a year · 11% of revenue · last 6 filings
Fine: a surplus in 5 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
87%
of spending
Looks good: 87% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$3.3M
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
3 mo
of spending, in cash
Plus $374.9M in investments, Pt X · Ln 11–13
Looks good: 3.0 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
8
named funders · $124K
Looks good: 8 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$405.9M
51% of total assets
Fine: liabilities are 51% of assets; 50% to 65%.
Pt X · Ln 26
Independent board members
37
of 38 voting members
Looks good: 37 of 38 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$280.3M
+20% vs prior year
Spent
$240.2M
To programs
87%
Net assets
$395.4M
By yearFY2020–FY2025
Revenue
$280.3M
FY2021▲ +20%
Tap a bar for its year
Revenue by fiscal year
FY2020$233.0M
FY2021$280.3M
FY2022$366.7M
FY2023$281.6M
FY2024$299.7M
FY2025$370.6M
Expenses
$240.2M
FY2021-0.1%
Tap a bar for its year
Expenses by fiscal year
FY2020$240.4M
FY2021$240.2M
FY2022$257.1M
FY2023$270.9M
FY2024$296.6M
FY2025$328.2M
Net assets
$395.4M
FY2021▲ +54%
Tap a bar for its year
Net assets by fiscal year
FY2020$256.4M
FY2021$395.4M
FY2022$501.1M
FY2023$517.6M
FY2024$558.4M
FY2025$611.3M

From the FY2021 Form 990 (year ending June 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 Oct 1951.

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

Where the money goes

87 cents of each dollar spent went to programs.

Program services 87% · $210.1M Management & general 11% · $26.9M Fundraising 1% · $3.2M

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

52 people listed on the 990; $3.3M 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
$436,787Pt VII · Sec A
Executive Vice President & VP for Business and Financial Affairs
$278,051Pt VII · Sec A
Head Coach, Football
$265,572Pt VII · Sec A
Associate Provost, College of Health Sciences & Dean, McWhorter School of Pharmacy
$263,054Pt VII · Sec A
Vice President for University Advancement
$261,367Pt VII · Sec A
Dean, Cumberland School of Law
$259,826Pt VII · Sec A
Director of Athletics
$256,174Pt VII · Sec A
Senior Associate Provost
$244,689Pt VII · Sec A

Henry Bucky W McMillan’s $639K as Head Coach, Basketball (term 4/30/2025) is at the 55th percentile of top reported officer pay among 674 $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
Henry Bucky W McMillan$638,505—————
Theron Andrew Westmoreland——$583,079$397,907$436,787$354,812
Beck a Taylor$561,048$492,995$440,465$263,530——
Henry W McMillan—$417,969————
Ryan B Hudson$326,418$315,084————
Colin M Coyne$301,721$290,684$257,518———
Charles Martin Newton JR$299,650$295,081$269,220$290,470$256,174$241,302
Christopher M Hatcher$277,369$298,622$268,978$278,670$265,572$239,459

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 Samford 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 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Provides Christian higher education that fosters students' intellectual, creative, and ethical development while preparing them for careers and civic responsibility.

Questions for Samford University

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3 programs · $200.4M · in their own filed words · FY2020
01

Samford University, with Its 14

1 student to faculty ratio in the 2020-2021 academic year, offered 38 degree programs in 124 majors to students in ten academic schools. Students were enrolled from more than 48 states and 22 foreign countries. The tuition and fees derived from these students paid the salaries, wages and benefits of the university's faculty and staff.

$86.6Mprogram expense
02

Samford university awarded over $68 million in aid to nearly 5,400 students during the 2020-2021 aid year.

$68.4Mprogram expense
03

Additional program services include food services and vending, educational workshops/programs and other types of program services.

$45.3Mprogram 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 8 funders →
Grants paid · 19 grants · $476.7M · 2019–2024
Unitemized GrantFY2024$101,903,840
Summit Community ChurchME · FY2024$6,600
Peace Baptist ChurchGA · FY2024$6,600
Unitemized GrantFY2023$89,253,588
Unitemized GrantFY2022$78,803,676
E3 Partners MinistryTX · FY2022$54,700
Unitemized GrantFY2021$73,512,418
Unitemized GrantFY2021$3,073,512
Unitemized GrantFY2020$67,014,965
Unitemized GrantFY2020$1,428,120
Unitemized GrantFY2019$61,587,045
One Vision International INCTN · FY2019$21,600
See all 19 grants →

Federal money

Single Audit · Federal Audit Clearinghouse · money spent from federal programs
Year ending Jun 2025 · $92.7M federal money spent
Federal Direct Student LoansDepartment of Education · ALN 84.268 · Direct$65.2M
Nurse Faculty Loan Program (nflp)Department of Health and Human Services · ALN 93.264 · Direct$19.5M
Federal Pell Grant ProgramDepartment of Education · ALN 84.063 · Direct$3.9M
Federal Perkins Loan Program_federal Capital ContributionsDepartment of Education · ALN 84.038 · Direct$876K
Advanced Nursing Education Workforce Grant ProgramDepartment of Health and Human Services · ALN 93.247 · Direct$847K

Plus 11 smaller programs.

The auditor reported no findings.

Year ending Jun 2024 · $94.1M federal money spent
Federal Direct Student LoansDepartment of Education · ALN 84.268 · Direct$68.2M
Nurse Faculty Loan Program (nflp)Department of Health and Human Services · ALN 93.264 · Direct$19.1M
Federal Pell Grant ProgramDepartment of Education · ALN 84.063 · Direct$2.4M
Federal Perkins Loan Program_federal Capital ContributionsDepartment of Education · ALN 84.038 · Direct$1.2M
Advanced Nursing Education Workforce Grant ProgramDepartment of Health and Human Services · ALN 93.247 · Direct$778K

Plus 11 smaller programs.

The auditor reported no findings.

Year ending Jun 2023 · $87.3M federal money spent
Federal Direct Student LoansDepartment of Education · ALN 84.268 · Direct$63.7M
Nurse Faculty Loan Program (nflp)Department of Health and Human Services · ALN 93.264 · Direct$16.4M
Federal Pell Grant ProgramDepartment of Education · ALN 84.063 · Direct$2.1M
Federal Perkins LoanDepartment of Education · ALN 84.038 · Direct$1.8M
Advanced Nursing Education Grant ProgramDepartment of Health and Human Services · ALN 93.247 · Direct$824K

Plus 12 smaller programs.

The auditor reported no findings.

Year ending Jun 2022 · $93.5M federal money spent
Federal Direct Student LoansDepartment of Education · ALN 84.268 · Direct$64.9M
Nurse Faculty Loan Program (nflp)Department of Health and Human Services · ALN 93.264 · Direct$15.1M
Education Stabilization FundDepartment of Education · ALN 84.425 · Direct$6.1M
Federal Perkins LoanDepartment of Education · ALN 84.038 · Direct$2.2M
Federal Pell Grant ProgramDepartment of Education · ALN 84.063 · Direct$1.9M

Plus 9 smaller programs.

The auditor reported no findings.

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$280.3M
Ln 12
Fees for servicesLn 2g$217.3M
Gifts and grantsLn 1h$35.3M
Investment incomeLn 3$28.0M
Money outPt IX
$240.2M
Ln 25
Programscol B$210.1M
Managementcol C$26.9M
Fundraisingcol D$3.2M
Owns and owesPt X
$395.4M
net assets · Ln 32
Cash and savingsLn 1–2$60.6M
Total assetsLn 16$801.3M
LiabilitiesLn 26$405.9M
PeoplePt VI, VII
52
listed · VII A
PaidVII A14
Voting boardVI 1a38
IndependentVI 1b37
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$35.3M
Government grantsLn 1e$13.1M
Noncash giftsLn 1g$2.1M
Fundraising eventsLn 1c$142K
Fees for servicesLn 2g$217.3M
Investment incomeLn 3$28.0M
Gains on assetsLn 7$23.0M
Total revenueLn 12$280.3M
Assets in detailPt X, end of year
SavingsLn 2$60.6M
Cash and savings togetherLn 1–2$60.6M
InvestmentsLn 11–13$374.9M
Land, buildings, equipmentLn 10c$337.3M
Other assetsLn 15$1.5M
Total assetsLn 16$801.3M
LiabilitiesLn 26$405.9M
Net assetsLn 32$395.4M
OperationsPt I, VI
EmployeesI 52,876
VolunteersI 6500
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3More from this return
BondsSch K, Pt X
Tax-exempt bond debt owedX 20$165.6M
Bond issues listedSch K Pt I4
Raised by those issuesSch K Pt I$225.5M
Abroad and in kindSch F, M
Noncash gifts receivedSch M Pt I$2.1M
EndowmentSch D · Pt V
LineFY21FY20FY19FY18FY17
End of yearLn 1g$368.4M$332.9M$347.1M$345.3M$335.0M
Given inLn 1b$5.9M$3.0M$3.0M$5.9M$1.9M
SpentLn 1d–1f$51.1M$17.8M$18.0M$16.4M$14.5M
4Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$46.3M$60.6M
InvestmentsLn 11–13$306.7M$374.9M
Land, buildings, equipmentLn 10c$339.1M$337.3M
Total assetsLn 16$717.3M$801.3M
LiabilitiesLn 26$460.9M$405.9M
Net assetsLn 32$256.4M$395.4M
5Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$14K$14K
Grants to domestic individualsLn 2$68.4M$68.4M
Grants and assistance to foreign recipientsLn 3$0$0
Pay of current officers, directors and key staffLn 5$4.2M$2.4M$1.1M$598K
Pay of disqualified personsLn 6$157K$157K
Other salaries and wagesLn 7$75.2M$65.5M$8.3M$1.4M
Pension plan contributionsLn 8$5.0M$4.4M$567K$85K
Other employee benefitsLn 9$11.0M$9.5M$1.3M$239K
Payroll taxesLn 10$5.3M$4.6M$631K$131K
Legal feesLn 11b$182K$41K$140K
Accounting feesLn 11c$179K$179K
Investment management feesLn 11f$1.1M$150$1.1M
Other fees for servicesLn 11g$7.0M$5.0M$1.9M$137K
Advertising and promotionLn 12$1.2M$838K$220K$129K
Office expensesLn 13$5.6M$2.9M$2.6M$55K
Information technologyLn 14$4.6M$1.8M$2.7M$158K
OccupancyLn 16$13.1M$9.7M$3.4M$18K
TravelLn 17$1.5M$1.2M$315K$19K
Conferences, conventions and meetingsLn 19$343K$304K$25K$15K
InterestLn 20$9.5M$9.2M$275K$4K
Depreciation, depletion and amortizationLn 22$16.2M$15.0M$1.2M$28K
InsuranceLn 23$882K$161K$721K
Other expenses (24a–d)Ln 24$8.9M$8.0M$749K$83K
All other expensesLn 24e$536K$884K−$405K$57K
Total functional expensesLn 25$240.2M$210.1M$26.9M$3.2M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 LatestFiled with the IRS Apr 30, 2026 $370.6M$328.2M$42.3M$611.3M 990 PDF
FY2024Filed with the IRS May 8, 2025 $299.7M$296.6M$3.1M$558.4M 990 PDF
FY2023Filed with the IRS May 15, 2024 $281.6M$270.9M$10.7M$517.6M 990 PDF
FY2022Filed with the IRS May 5, 2023 $366.7M$257.1M$109.6M$501.1M 990 PDF
FY2021 ViewingFiled with the IRS May 13, 2022 $280.3M$240.2M$40.2M$395.4M 990 PDF
FY2020Filed with the IRS May 10, 2021 $233.0M$240.4M−$7.4M$256.4M 990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support M · Noncash J · Pay O · Explanations
See the full FY2021 990 (6 parts)
Part I · Summary $280,325,292 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $15,644,997$35,333,858
I-9 Program service revenuePrior year $206,657,241$217,251,460
I-10 Investment incomePrior year $11,254,348$28,029,269
I-11 Other revenuePrior year −$538,461−$289,295
I-12 Total revenuePrior year $233,018,125$280,325,292
I-13 Grants and similar amounts paidPrior year $62,080,244$68,456,705
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $105,669,357$100,917,351
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $72,672,843$70,793,333
I-18 Total expensesPrior year $240,422,444$240,167,389
I-19 Revenue less expensesPrior year −$7,404,319$40,157,903
Part VI · Governance 37 of 38 board members independent, no flags
VI-1a Voting members of the governing body38
VI-1b Independent voting members37
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 $280,325,292 across 12 lines filed
Lines not itemized here account for $2,270,421 of total revenue; see the IRS return.
VIII-1c Fundraising events$142,084
VIII-1e Government grants$13,124,765
VIII-1f All other contributions, gifts and grants$22,067,009
VIII-1g Noncash contributions (included above)$2,059,779
VIII-1h Total contributions, gifts and grants$35,333,858
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $214,985,697$214,985,697
VIII-3 Investment incomeUnrelated business −$606,118 · Excluded from tax $5,606,678$5,000,560
VIII-5 RoyaltiesExcluded from tax $660,647$660,647
VIII-6 Net rental income or lossUnrelated business $743,541 · Excluded from tax −$1,636,106−$892,565
VIII-7 Net gain or loss on sales of assetsExcluded from tax $23,024,051$23,024,051
VIII-8 Net income from fundraising eventsExcluded from tax −$57,377−$57,377
VIII-12 Total revenueRelated to mission $217,251,460 · Unrelated business $137,423 · Excluded from tax $27,602,551$280,325,292
Part IX · Statement of functional expenses $240,167,389 across 24 lines filed
IX-1 Grants to domestic organizationsPrograms $13,620$13,620
IX-2 Grants to domestic individualsPrograms $68,443,085$68,443,085
IX-3 Grants and assistance to foreign recipientsPrograms $0$0
IX-5 Pay of current officers, directors and key staffPrograms $2,445,500 · Management $1,143,820 · Fundraising $597,507$4,186,827
IX-6 Pay of disqualified personsPrograms $157,428$157,428
IX-7 Other salaries and wagesPrograms $65,535,556 · Management $8,254,217 · Fundraising $1,399,523$75,189,296
IX-8 Pension plan contributionsPrograms $4,357,978 · Management $567,440 · Fundraising $84,817$5,010,235
IX-9 Other employee benefitsPrograms $9,545,869 · Management $1,262,990 · Fundraising $239,182$11,048,041
IX-10 Payroll taxesPrograms $4,564,017 · Management $630,994 · Fundraising $130,513$5,325,524
IX-11b Legal feesPrograms $41,444 · Management $140,146$181,590
IX-11c Accounting feesManagement $179,248$179,248
IX-11f Investment management feesPrograms $150 · Management $1,139,581$1,139,731
IX-11g Other fees for servicesPrograms $4,991,557 · Management $1,851,961 · Fundraising $137,335$6,980,853
IX-12 Advertising and promotionPrograms $837,563 · Management $219,947 · Fundraising $128,908$1,186,418
IX-13 Office expensesPrograms $2,870,662 · Management $2,649,608 · Fundraising $54,594$5,574,864
IX-14 Information technologyPrograms $1,753,060 · Management $2,669,710 · Fundraising $157,621$4,580,391
IX-16 OccupancyPrograms $9,729,827 · Management $3,352,409 · Fundraising $17,808$13,100,044
IX-17 TravelPrograms $1,189,406 · Management $314,505 · Fundraising $19,164$1,523,075
IX-19 Conferences, conventions and meetingsPrograms $303,558 · Management $24,639 · Fundraising $15,280$343,477
IX-20 InterestPrograms $9,240,474 · Management $275,309 · Fundraising $3,533$9,519,316
IX-22 Depreciation, depletion and amortizationPrograms $15,011,059 · Management $1,175,768 · Fundraising $28,358$16,215,185
IX-23 InsurancePrograms $161,078 · Management $720,895$881,973
IX-24 Other expenses (24a–d)Programs $8,019,741 · Management $748,921 · Fundraising $83,005$8,851,667
IX-24e All other expensesPrograms $883,519 · Management −$405,032 · Fundraising $57,014$535,501
IX-25 Total functional expensesPrograms $210,096,151 · Management $26,917,076 · Fundraising $3,154,162$240,167,389
Part X · Balance sheet $801,305,714 assets, 20 lines filed
X-2 Savings and temporary cash investmentsStart of year $46,290,839$60,627,138
X-3 Pledges and grants receivableStart of year $19,584,789$20,553,860
X-4 Accounts receivableStart of year $2,909,166$5,730,015
X-9 Prepaid expenses and deferred chargesStart of year $2,752,128$738,921
X-10c Land, buildings and equipment, netStart of year $339,065,700$337,256,741
X-11 Publicly traded securitiesStart of year $208,507,733$251,221,564
X-12 Other securitiesStart of year $84,495,106$109,627,939
X-13 Program-related investmentsStart of year $13,711,131$14,054,576
X-15 Other assetsStart of year $0$1,494,960
X-16 Total assetsStart of year $717,316,592$801,305,714
X-17 Accounts payable and accrued expensesStart of year $9,095,929$14,413,378
X-19 Deferred revenueStart of year $9,958,273$10,256,587
X-20 Tax-exempt bond liabilitiesStart of year $168,602,924$165,609,998
X-24 Unsecured notes and loans payableStart of year $58,748,307$53,483,301
X-25 Other liabilitiesStart of year $210,186,317$158,293,742
X-26 Total liabilitiesStart of year $460,870,054$405,933,980
X-27 Net assets without donor restrictionsStart of year $4,533,157$90,677,487
X-28 Net assets with donor restrictionsStart of year $251,913,381$304,694,247
X-32 Total net assets or fund balancesStart of year $256,446,538$395,371,734
X-33 Total liabilities and net assetsStart of year $717,316,592$801,305,714
Part XI · Reconciliation of net assets $395,371,734 net assets at year end
XI-1 Total revenue$280,325,292
XI-2 Total expenses$240,167,389
XI-3 Revenue less expenses$40,157,903
XI-4 Net assets at start of year$256,446,538
XI-5 Net unrealized gains (losses) on investments$53,790,161
XI-9 Other changes in net assets$44,977,132
XI-10 Net assets at end of year$395,371,734

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

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