Lenoir-Rhyne University
Lenoir-Rhyne University reported $81.1 million in revenue and $82.5 million in expenses for the fiscal year ending May 31, 2025. Of every $100 it spent, $82.59 went to program services, $14.58 to management and general costs and $2.83 to fundraising. Its largest source of revenue was program service revenue such as fees, sales and contracts: 80.8% of the total. The highest compensation it reported for one person was $584,488 (PRESIDENT). 24 people received more than $100,000 in reportable compensation. Revenue fell 20% between FY2020 and FY2025. Source: Form 990, FY2025.
Where $100 of spending went
The fiscal year ending May 31, 2025 · Form 990, Part IX, line 25 · total expenses $82MFor 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 May 31, 2025 · Form 990, Part VIII · total revenue $81M- Contributions & grants (non-government)$10.63 $8.6M
- Government grants$0.46 $372K
- Program service revenue$80.83 $66M
- Investment income$8.08 $6.5M
Other revenue was negative: −$6,420. The bar shows the positive sources only.
The 990 scorecard · same measures for every charity, no grades
| Measure | FY2025 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 82.6% | 84.4% |
| Management & general Part IX 25(C) ÷ 25(A) | 14.6% | 13.4% |
| Fundraising Part IX 25(D) ÷ 25(A) | 2.8% | 0.8% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.26 | $0.04 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 11.1% | 19.1% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 0.5% | 1.1% |
| Program service revenue share Part VIII 2g ÷ 12 | 80.8% | 69.9% |
| Highest reported compensation Part VII-A, columns D–F | $584,488 | $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 | 24 | 8 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 32.0 | 13.3 |
| Independent voting board members Part VI 1a–1b | 26 of 27 | 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 expenseExpenses related to providing the primary purpose of education for undergraduate and graduate students
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 |
|---|---|---|---|---|
| PRESIDENT Director/trustee, officer, 40.0 hrs/week | $492,170 | $0 | $92,318 | $584,488 |
| PROVOST & VP ACADEMIC AFFAIRS Officer, 40.0 hrs/week | $215,238 | $0 | $51,271 | $266,509 |
| VP BUSINESS & FINANCE Officer, 40.0 hrs/week | $193,108 | $0 | $59,173 | $252,281 |
| VP Institutional Advancement Officer, 40.0 hrs/week | $194,175 | $0 | $50,215 | $244,390 |
| VP MISSION ENGAGEMENT & INNOVATION (ended 8/01/2024) Highest compensated employee, 40.0 hrs/week | $178,690 | $0 | $29,741 | $208,431 |
| Assistant Provost for Academic Operations Highest compensated employee, 40.0 hrs/week | $157,908 | $0 | $31,775 | $189,683 |
| VP ATHLETICS (ended 9/17/2024) Highest compensated employee, 40.0 hrs/week | $152,646 | $0 | $29,719 | $182,365 |
| Head Football Coach Highest compensated employee, 40.0 hrs/week | $142,648 | $0 | $31,341 | $173,989 |
24 people received more than $100,000 in reportable compensation from Lenoir-Rhyne University (Part VII, line 2). Compensation of current officers, directors and key employees totaled $1.8M (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–1b27 · 26 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 2Yes
- 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 5926
- Volunteers Part I, line 675
Largest outside contractors
FY2025 · Form 990, Part VII, Section B · businesses only| ARAMARK CAMPUS SERVICES Food services | $2,977,611 |
| Aramark Management Services LP General Contractor | $2,487,021 |
| ARAMARK FACILITIES SERVICES Maintenance & housekeeping | $2,133,249 |
| CAPTURE LLC marketing services | $631,059 |
Individuals listed as contractors are left out. 50 contractors were paid more than $100,000 in all.
Private foundation grants it received
15 private foundations reported grants to Lenoir-Rhyne University totaling $525K 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 Lenoir-Rhyne 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 Lenoir-Rhyne University, you can publish a response that is linked from this page.
Share or embed this breakdown
Of every $100 Lenoir-Rhyne University spent in FY2025, $82.59 went to programs. The full breakdown, from its IRS Form 990:
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Similar-sized charities in this cause
- Episcopal AcademyNewtown Square, PA · revenue $81M · programs 72.1% · FY2025
- Evangel UniversitySpringfield, MO · revenue $81M · programs 82.1% · FY2025
- Weizmann Chairs and Scholarships EndowmentNew York, NY · revenue $81M · programs 99.4% · FY2025
- Colorado Early CollegesFort Collins, CO · revenue $81M · programs 78.8% · FY2025
- Unidel FoundationGreenville, DE · revenue $81M · programs 88.2% · 2025
All education charities · Largest charities in North Carolina
Questions people ask
How much of Lenoir-Rhyne University's spending goes to programs?
In the fiscal year ending May 31, 2025, Lenoir-Rhyne University reported that 82.6% of its $82.5 million in expenses went to program services, 14.6% to management and general and 2.8% to fundraising (Form 990, Part IX).
How much does Lenoir-Rhyne University pay its top executive?
The largest total compensation Lenoir-Rhyne University reported for one person in the fiscal year ending May 31, 2025 was $584,488, for the role of PRESIDENT (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Lenoir-Rhyne University get its money?
Of $81.1 million in revenue in the fiscal year ending May 31, 2025, 11.1% came from contributions and grants (including 0.5% from government grants) and 80.8% from program service revenue (Form 990, Part VIII).
Is Lenoir-Rhyne University a registered charity?
The IRS lists EIN 56-0556753 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 May 31, 2025, object 202640929349301109 · read the filing · XML
- FY2024: Form 990 for the fiscal year ending May 31, 2024, object 202520869349300532 · read the filing
- FY2023: Form 990 for the fiscal year ending May 31, 2023, object 202420869349300817 · read the filing
- FY2022: Form 990 for the fiscal year ending May 31, 2022, object 202310949349300636 · read the filing
- FY2021: Form 990 for the fiscal year ending May 31, 2021, object 202241029349300839 · read the filing
- FY2020: Form 990 for the fiscal year ending May 31, 2020, object 202130919349301013 · read the filing
All filings for EIN 56-0556753: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.