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Pfeiffer University

Misenheimer, NC · EIN 56-0529990 · 501(c)(3) · School
Latest filing: Form 990 for the fiscal year ending June 30, 2025 (tax year 2024) · View the filing · Correct or respond

Pfeiffer University reported $36.9 million in revenue and $38.4 million in expenses for the fiscal year ending June 30, 2025. Of every $100 it spent, $88.54 went to program services, $9.75 to management and general costs and $1.71 to fundraising. Its largest source of revenue was program service revenue such as fees, sales and contracts: 85.6% of the total. The highest compensation it reported for one person was $273,300 (PRESIDENT). 16 people received more than $100,000 in reportable compensation. Revenue fell 23% 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 $38M

For 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 $37M

Investment income was negative: −$90,674. The bar shows the positive sources only.

The 990 scorecard · same measures for every charity, no grades

FY2025 filing. Median across 5,499 covered charities in this category, from their latest filings.
MeasureFY2025Median
Program services
Part IX 25(B) ÷ 25(A)
88.5%84.4%
Management & general
Part IX 25(C) ÷ 25(A)
9.8%13.4%
Fundraising
Part IX 25(D) ÷ 25(A)
1.7%0.8%
Fundraising cost per $1 of contributions
Part IX 25(D) ÷ Part VIII 1h
$0.12$0.04
Contributions & grants share of revenue
Part VIII 1h ÷ 12
14.3%19.1%
Government grants share of revenue
Part VIII 1e ÷ 12
0.6%1.1%
Program service revenue share
Part VIII 2g ÷ 12
85.6%69.9%
Highest reported compensation
Part VII-A, columns D–F
$273,300$331,578
Highest compensation as share of expenses
Part VII-A ÷ Part IX 25(A)
0.71%1.28%
People paid over $100,000
Part VII, line 2
168
Net assets, in months of expenses
Part X 33(B) ÷ monthly expenses
7.513.3
Independent voting board members
Part VI 1a–1b
24 of 24100.0%

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 expense
$34M expenses · 100.0% of program spending · grants $13M · revenue $31M

In the 2024-2025 academic year, the francis center for servant leadership and faith formation engaged students, staff, and other volunteers in a total of 1325 hours of community service. In addition, other university areas participated in 950 hours of service. Therefore, the total number of hours equals 2275 hours.highlights for the year include: community service through habitat for humanity, stanly community christian ministry, backpack buddies, moving in first time students, wreaths across america and more. These community service activies range from on site work, item collection, and…

Highest reported compensation

FY2025 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here
RoleFrom this orgFrom related orgsOtherTotal
PRESIDENT
Officer, 40.00 hrs/week
$262,227$0$11,073$273,300
PROVOST AND VP FOR ACADEMI
Officer, 40.00 hrs/week
$143,202$0$36,373$179,575
SENIOR VP OF FNANCE AND CF
Officer, 40.00 hrs/week
$156,084$0$15,792$171,876
PROF OF BUSINESS ADMINISTR
Highest compensated employee, 40.00 hrs/week
$125,559$0$35,787$161,346
ASSOCIATE PROF OF PA STUDIES & PRINCIPAL FACULTY
Highest compensated employee, 40.00 hrs/week
$125,506$0$35,241$160,747
PA DIRECTOR AND ASSOC PROF
Highest compensated employee, 40.00 hrs/week
$155,052$0$2,803$157,855
PROF OF HEALTH & EXERCISE SCIENCE
Highest compensated employee, 40.00 hrs/week
$126,658$0$16,387$143,045
VP FOR ENROLLMENT MANAGEME
Officer, 40.00 hrs/week
$124,603$0$17,609$142,212

16 people received more than $100,000 in reportable compensation from Pfeiffer University (Part VII, line 2). Compensation of current officers, directors and key employees totaled $984K (Part IX, line 5).

6 years of filings

Form 990, Parts I, VII, IX and X · each row is that year's own filing, linked
RevenueExpenses
$0$20M$40M$60M$80MFY2020FY2021FY2022FY2023FY2024FY2025$37M$38M
FilingRevenueExpensesProgramsNet assetsTop pay
FY2025 ⓘ$37M$38M88.5%$24M$273,300
FY2024 ⓘ$38M$43M87.5%$24M$287,125
FY2023 ⓘ$44M$43M89.8%$28M$254,220
FY2022 ⓘ$45M$44M79.9%$27M$247,625
FY2021 ⓘ$47M$44M75.6%$26M$239,022
FY2020 ⓘ$48M$41M82.2%$22M$146,751

Governance 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 26Yes
  • 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 5263
  • Volunteers Part I, line 6122

Largest outside contractors

FY2025 · Form 990, Part VII, Section B · businesses only
SODEXO FOOD SERVICE
Food services
$2,123,445
SODEXO INC & AFFILIATES
Maintenance services
$1,228,495
FOLLETT HIGHER EDUCATION GROUP
Bookstore services
$510,404
JENZABAR
Third party database
$446,198
UWHARRIE BANK
Lender - note payable payments
$354,090

Individuals listed as contractors are left out. 12 contractors were paid more than $100,000 in all.

Private foundation grants it received

11 private foundations reported grants to Pfeiffer University totaling $568K 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 Pfeiffer 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 Pfeiffer University, you can publish a response that is linked from this page.

Similar-sized charities in this cause

All education charities · Largest charities in North Carolina

Questions people ask

How much of Pfeiffer University's spending goes to programs?

In the fiscal year ending June 30, 2025, Pfeiffer University reported that 88.5% of its $38.4 million in expenses went to program services, 9.8% to management and general and 1.7% to fundraising (Form 990, Part IX).

How much does Pfeiffer University pay its top executive?

The largest total compensation Pfeiffer University reported for one person in the fiscal year ending June 30, 2025 was $273,300, for the role of PRESIDENT (Form 990, Part VII, including compensation from related organizations and other compensation).

Where does Pfeiffer University get its money?

Of $36.9 million in revenue in the fiscal year ending June 30, 2025, 14.3% came from contributions and grants (including 0.6% from government grants) and 85.6% from program service revenue (Form 990, Part VIII).

Is Pfeiffer University a registered charity?

The IRS lists EIN 56-0529990 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 202641339349306914 · read the filing
  • FY2024: Form 990 for the fiscal year ending June 30, 2024, object 202501129349300530 · read the filing
  • FY2023: Form 990 for the fiscal year ending June 30, 2023, object 202431369349310618 · read the filing
  • FY2022: Form 990 for the fiscal year ending June 30, 2022, object 202340799349300464 · read the filing
  • FY2021: Form 990 for the fiscal year ending June 30, 2021, object 202220209349300012 · read the filing
  • FY2020: Form 990 for the fiscal year ending June 30, 2020, object 202043219349306739 · read the filing

All filings for EIN 56-0529990: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.