Converse University
Converse University reported $50.7 million in revenue and $47.6 million in expenses for the fiscal year ending June 30, 2025. Of every $100 it spent, $84.28 went to program services, $11.81 to management and general costs and $3.91 to fundraising. Its largest source of revenue was program service revenue such as fees, sales and contracts: 65.0% of the total. The highest compensation it reported for one person was $313,667 (PRESIDENT). 7 people received more than $100,000 in reportable compensation. Revenue rose 55% 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 $48MFor 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 $51MThe 990 scorecard · same measures for every charity, no grades
| Measure | FY2025 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 84.3% | 84.4% |
| Management & general Part IX 25(C) ÷ 25(A) | 11.8% | 13.4% |
| Fundraising Part IX 25(D) ÷ 25(A) | 3.9% | 0.8% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.15 | $0.04 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 23.9% | 19.1% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 0.0% | 1.1% |
| Program service revenue share Part VIII 2g ÷ 12 | 65.0% | 69.9% |
| Highest reported compensation Part VII-A, columns D–F | $313,667 | $331,578 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 0.66% | 1.28% |
| People paid over $100,000 Part VII, line 2 | 7 | 8 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 36.7 | 13.3 |
| Independent voting board members Part VI 1a–1b | 26 of 26 | 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 expenseThe primary mission of Converse University is to empower students to become transformative leaders who see clearly, decide wisely, and act justly. Converse University provides a liberal arts education of co-ed undergraduate students in a residential setting. Students pursue richly diverse programs in liberal arts and career preparations. Today, innovative programs for graduate and doctoral advanced study complement the undergraduate program. Additionally, the converse college for women reaffirms the founder's conviction that a small undergraduate residential liberal arts college is a uniquely…
Converse University is a residential university, meaning on-campus living is a valuable experience where in and out of class learning merge. From historic charm to modern ease, converse's residence halls offer diverse options to suit the needs and preferences of today's students. Living in a residence hall community offers students opportunities to learn about themselves and others. Each residence hall has student development staff, programming and facilities available to help each student. Converse's residential communities are more than just places to hang out when students aren't in class.…
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 Officer, 40.00 hrs/week | $260,915 | $0 | $52,752 | $313,667 |
| VP OPERATIONS & CFO Officer, 40.00 hrs/week | $162,772 | $0 | $36,945 | $199,717 |
| ASSOCIATE VP OF HUMAN RESOURCES Highest compensated employee, 40.00 hrs/week | $108,388 | $0 | $32,765 | $141,153 |
| PROVOST Officer, 40.00 hrs/week | $112,466 | $0 | $15,653 | $128,119 |
| CHIEF INFORMATION OFFICER Highest compensated employee, 40.00 hrs/week | $102,482 | $0 | $22,806 | $125,288 |
| ASSISTANT VP FOR PHILANTHROPY Highest compensated employee, 40.00 hrs/week | $106,738 | $0 | $10,852 | $117,590 |
| VP FOR ENROLLMENT MANAGEMENT Officer, 40.00 hrs/week | $100,956 | $0 | $11,933 | $112,889 |
7 people received more than $100,000 in reportable compensation from Converse University (Part VII, line 2). Compensation of current officers, directors and key employees totaled $772K (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–1b26 · 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 11aNo
- 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 18Yes
- Over $10,000 of activity outside the U.S. Part IV 14bYes
- Employees Part I, line 5666
- Volunteers Part I, line 628
Largest outside contractors
FY2025 · Form 990, Part VII, Section B · businesses only| AVI FOOD SYSTEMS INC Dining services | $2,346,582 |
| HARPER CORPORATION Construction | $931,755 |
| THE BUDD GROUP INC Facilities | $843,525 |
| ENCOURA LLC Consulting services | $493,304 |
| ROEBUCK WHOLESALE NURSERY & LANDSCAPING Grounds | $405,202 |
Individuals listed as contractors are left out. 17 contractors were paid more than $100,000 in all.
Private foundation grants it received
30 private foundations reported grants to Converse University totaling $849K 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 Converse 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 Converse University, you can publish a response that is linked from this page.
Share or embed this breakdown
Of every $100 Converse University spent in FY2025, $84.28 went to programs. The full breakdown, from its IRS Form 990:
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Similar-sized charities in this cause
- Adler UniversityChicago, IL · revenue $51M · programs 68.2% · FY2025
- University of MobileMobile, AL · revenue $51M · programs 86.5% · FY2025
- Crescent City SchoolsNew Orleans, LA · revenue $51M · programs 95.1% · FY2025
- Dillard UniversityNew Orleans, LA · revenue $51M · programs 68.5% · FY2025
- Asbury Theological SeminaryWilmore, KY · revenue $51M · programs 83.0% · FY2025
All education charities · Largest charities in South Carolina
Questions people ask
How much of Converse University's spending goes to programs?
In the fiscal year ending June 30, 2025, Converse University reported that 84.3% of its $47.6 million in expenses went to program services, 11.8% to management and general and 3.9% to fundraising (Form 990, Part IX).
How much does Converse University pay its top executive?
The largest total compensation Converse University reported for one person in the fiscal year ending June 30, 2025 was $313,667, for the role of PRESIDENT (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Converse University get its money?
Of $50.7 million in revenue in the fiscal year ending June 30, 2025, 23.9% came from contributions and grants and 65.0% from program service revenue (Form 990, Part VIII).
Is Converse University a registered charity?
The IRS lists EIN 57-0314380 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 202600429349300215 · read the filing · XML
- FY2024: Form 990 for the fiscal year ending June 30, 2024, object 202501189349301875 · read the filing
- FY2023: Form 990 for the fiscal year ending June 30, 2023, object 202431219349302373 · read the filing
- FY2022: Form 990 for the fiscal year ending June 30, 2022, object 202301169349301030 · read the filing
- FY2021: Form 990 for the fiscal year ending June 30, 2021, object 202241239349301839 · read the filing
- FY2020: Form 990 for the fiscal year ending June 30, 2020, object 202141179349301104 · read the filing
All filings for EIN 57-0314380: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.