William Peace University
William Peace University reported $26.9 million in revenue and $34.5 million in expenses for the fiscal year ending June 30, 2025. Of every $100 it spent, $79.37 went to program services, $19.03 to management and general costs and $1.60 to fundraising. Its largest source of revenue was program service revenue such as fees, sales and contracts: 91.4% of the total. The highest compensation it reported for one person was $288,750 (FORMER PRESIDENT (THRU 6/24)). 13 people received more than $100,000 in reportable compensation. Revenue fell 21% between FY2020 and FY2025. Source: Form 990, FY2025.
Where $100 of spending went
The fiscal year ending June 30, 2025 · Form 990, Part IX, line 25 · total expenses $35MFor context, the median across 5,499 covered education charities: $85.56 programs, $13.59 management, $0.85 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
The fiscal year ending June 30, 2025 · Form 990, Part VIII · total revenue $27MThe 990 scorecard · same measures for every charity, no grades
| Measure | FY2025 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 79.4% | 84.4% |
| Management & general Part IX 25(C) ÷ 25(A) | 19.0% | 13.4% |
| Fundraising Part IX 25(D) ÷ 25(A) | 1.6% | 0.8% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.58 | $0.04 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 3.5% | 19.1% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 0.2% | 1.1% |
| Program service revenue share Part VIII 2g ÷ 12 | 91.4% | 69.9% |
| Highest reported compensation Part VII-A, columns D–F | $288,750 | $331,578 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 0.84% | 1.28% |
| People paid over $100,000 Part VII, line 2 | 13 | 8 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 18.6 | 13.3 |
| Independent voting board members Part VI 1a–1b | 24 of 24 | 100.0% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
FY2025 · Form 990, Part III · the three largest programs by expenseInstruction & academic support: William Peace University is accredited by the southern association of colleges and schools commission on colleges (sacscoc). The institution offers 3 types of bachelor's degrees in over 25 majors. Serving approximately 800 students, 95% of our graduates are employed fulltime or enter graduate school within one year of graduation. William Peace provided $10,919,100 of grants and assistance to university students to aid in the persuit of their degree
Auxiliary enterprises: there are 6 residence halls on campus at William Peace University. Each residence hall has its particular style and history. Resident assistants live on each floor, ready to answer questions, foster group discussions, organize activities and more. Wpu rooms include wired and wireless internet, free basic cable and no cost laundry. Additionally, wpu provides the option of university affiliated student housing to all sophomore, junior and senior students. These off campus apartments provide an excellent student housing community in raleigh, with four bedroom options to…
Student services & activities: with over 30 student clubs and organizations, there are plenty of opportunities for a student to get involved at wpu. Community service is encouraged and students embrace the concept of giving back. Student services also includes health and counseling services. Health services can provide routine treatment for minor illnesses and injuries, while maintaining confidential medical information for students. It also promotes awareness for health and wellness through campus events and activities. The counseling center provides short term, professional counseling to…
Highest reported compensation
FY2025 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| FORMER PRESIDENT (THRU 6/24) Former, 40.00 hrs/week | $288,750 | $0 | $0 | $288,750 |
| VP OF ACADEMIC AFFAIRS Highest compensated employee, 40.00 hrs/week | $201,262 | $0 | $45,331 | $246,593 |
| CFO, VP OF FINANCE AND ADMIN Officer, 50.00 hrs/week | $220,190 | $0 | $23,703 | $243,893 |
| VP OF STUDENT LIFE Highest compensated employee, 40.00 hrs/week | $169,744 | $0 | $44,672 | $214,416 |
| VP OF ENROLLMENT MANAGEMENT Highest compensated employee, 40.00 hrs/week | $190,962 | $0 | $19,518 | $210,480 |
| PRESIDENT (AS OF 5/24) Officer, 40.00 hrs/week | $206,719 | $0 | $542 | $207,261 |
| VP OF UNIVERSITY ADVANCEMENT Highest compensated employee, 40.00 hrs/week | $160,000 | $0 | $17,013 | $177,013 |
| ASSOCIATE VP FOR HUMAN RESOURCES Highest compensated employee, 40.00 hrs/week | $123,600 | $0 | $20,465 | $144,065 |
13 people received more than $100,000 in reportable compensation from William Peace University (Part VII, line 2). Compensation of current officers, directors and key employees totaled $811K (Part IX, line 5).
6 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
FY2025 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b24 · 24 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13Yes
- Document retention policy Part VI 14Yes
- Independent process for top executive pay Part VI 15aYes
- Board given the 990 before filing Part VI 11aYes
- Family or business ties among insiders Part VI 2No
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26No
- Lobbying, or a 501(h) election in effect Part IV 4No
- Over $15,000 of professional fundraising services Part IV 18No
- Over $10,000 of activity outside the U.S. Part IV 14bNo
- Employees Part I, line 5414
Largest outside contractors
FY2025 · Form 990, Part VII, Section B · businesses only| MARTIN'S CONSTRUCTION SERVICES Maintenance and contracting | $123,827 |
| ROOTER & SONS PLUMBING LLC Maintenance and contracting | $110,193 |
Individuals listed as contractors are left out. 2 contractors were paid more than $100,000 in all.
Private foundation grants it received
15 private foundations reported grants to William Peace University totaling $375K on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.
Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.
Correct a figure or respond
Every number above is copied from William Peace University's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for William Peace University, you can publish a response that is linked from this page.
Share or embed this breakdown
Of every $100 William Peace University spent in FY2025, $79.37 went to programs. The full breakdown, from its IRS Form 990:
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Similar-sized charities in this cause
- Walnut Hill Center for the ArtsNatick, MA · revenue $27M · programs 77.5% · FY2025
- Impact Public SchoolsTukwila, WA · revenue $27M · programs 80.7% · FY2025
- Eagle Hill Foundation of MassachusettsincHardwick, MA · revenue $27M · programs 88.6% · FY2025
- The John Thomas Dye SchoolLos Angeles, CA · revenue $27M · programs 78.3% · FY2025
- Carolina Day SchoolAsheville, NC · revenue $27M · programs 84.5% · FY2025
All education charities · Largest charities in North Carolina
Questions people ask
How much of William Peace University's spending goes to programs?
In the fiscal year ending June 30, 2025, William Peace University reported that 79.4% of its $34.5 million in expenses went to program services, 19.0% to management and general and 1.6% to fundraising (Form 990, Part IX).
How much does William Peace University pay its top executive?
The largest total compensation William Peace University reported for one person in the fiscal year ending June 30, 2025 was $288,750, for the role of FORMER PRESIDENT (THRU 6/24) (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does William Peace University get its money?
Of $26.9 million in revenue in the fiscal year ending June 30, 2025, 3.5% came from contributions and grants (including 0.2% from government grants) and 91.4% from program service revenue (Form 990, Part VIII).
Is William Peace University a registered charity?
The IRS lists EIN 56-0529988 as a 501(c)(3) organization (school), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- FY2025: Form 990 for the fiscal year ending June 30, 2025, object 202641359349313354 · read the filing
- FY2024: Form 990 for the fiscal year ending June 30, 2024, object 202542689349301394 · read the filing
- FY2023: Form 990 for the fiscal year ending June 30, 2023, object 202441359349308944 · read the filing
- FY2022: Form 990 for the fiscal year ending June 30, 2022, object 202301289349301575 · read the filing
- FY2021: Form 990 for the fiscal year ending June 30, 2021, object 202241299349300244 · read the filing
- FY2020: Form 990 for the fiscal year ending June 30, 2020, object 202121319349301707 · read the filing
All filings for EIN 56-0529988: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.