Limestone University
Limestone University reported $46.5 million in revenue and $57.6 million in expenses for the fiscal year ending June 30, 2025. Of every $100 it spent, $75.64 went to program services, $23.53 to management and general costs and $0.83 to fundraising. Its largest source of revenue was program service revenue such as fees, sales and contracts: 86.2% of the total. The highest compensation it reported for one person was $257,222 (PRESIDENT). 15 people received more than $100,000 in reportable compensation. Revenue fell 7% 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 $58MFor 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 $47MThe 990 scorecard · same measures for every charity, no grades
| Measure | FY2025 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 75.6% | 84.4% |
| Management & general Part IX 25(C) ÷ 25(A) | 23.5% | 13.4% |
| Fundraising Part IX 25(D) ÷ 25(A) | 0.8% | 0.8% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.32 | $0.04 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 3.2% | 19.1% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 1.1% | 1.1% |
| Program service revenue share Part VIII 2g ÷ 12 | 86.2% | 69.9% |
| Highest reported compensation Part VII-A, columns D–F | $257,222 | $331,578 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 0.45% | 1.28% |
| People paid over $100,000 Part VII, line 2 | 15 | 8 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 2.9 | 13.3 |
| Independent voting board members Part VI 1a–1b | 12 of 12 | 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 expenseHighest 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 | $245,469 | $0 | $11,753 | $257,222 |
| CFO Officer, 40.00 hrs/week | $235,596 | $0 | $8,375 | $243,971 |
| VP FOR INSTITUTIONAL ADVANCEMENT Key employee, 40.00 hrs/week | $222,773 | $0 | $8,084 | $230,857 |
| INTERIM PROVOST Highest compensated employee, 40.00 hrs/week | $150,000 | $0 | $5,878 | $155,878 |
| DEAN Officer, 40.00 hrs/week | $146,000 | $0 | $4,820 | $150,820 |
| FOOTBALL COACH Highest compensated employee, 40.00 hrs/week | $131,667 | $0 | $0 | $131,667 |
| DIRECTOR INSTITUTIONAL EFFECTIVENESS Highest compensated employee, 40.00 hrs/week | $125,000 | $0 | $4,175 | $129,175 |
| VP OF ENROLLMENT Highest compensated employee, 40.00 hrs/week | $121,193 | $0 | $4,605 | $125,798 |
15 people received more than $100,000 in reportable compensation from Limestone University (Part VII, line 2). Compensation of current officers, directors and key employees totaled $605K (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–1b12 · 12 independent
- Audited financial statements Part XII 2bNo
- 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 18No
- Over $10,000 of activity outside the U.S. Part IV 14bNo
- Employees Part I, line 5782
- Volunteers Part I, line 612
Private foundation grants it received
7 private foundations reported grants to Limestone University totaling $228K 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 Limestone 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 Limestone University, you can publish a response that is linked from this page.
Share or embed this breakdown
Of every $100 Limestone University spent in FY2025, $75.64 went to programs. The full breakdown, from its IRS Form 990:
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- Detroit 90 90Detroit, MI · revenue $47M · programs 94.1% · FY2025
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All education charities · Largest charities in South Carolina
Questions people ask
How much of Limestone University's spending goes to programs?
In the fiscal year ending June 30, 2025, Limestone University reported that 75.6% of its $57.6 million in expenses went to program services, 23.5% to management and general and 0.8% to fundraising (Form 990, Part IX).
How much does Limestone University pay its top executive?
The largest total compensation Limestone University reported for one person in the fiscal year ending June 30, 2025 was $257,222, for the role of PRESIDENT (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Limestone University get its money?
Of $46.5 million in revenue in the fiscal year ending June 30, 2025, 3.2% came from contributions and grants (including 1.1% from government grants) and 86.2% from program service revenue (Form 990, Part VIII).
Is Limestone University a registered charity?
The IRS lists EIN 57-0314402 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 202601949349300950 · read the filing · XML
- FY2024: Form 990 for the fiscal year ending June 30, 2024, object 202531329349301123 · read the filing
- FY2023: Form 990 for the fiscal year ending June 30, 2023, object 202401349349308350 · read the filing
- FY2022: Form 990 for the fiscal year ending June 30, 2022, object 202311369349301511 · read the filing
- FY2021: Form 990 for the fiscal year ending June 30, 2021, object 202221119349301117 · read the filing
- FY2020: Form 990 for the fiscal year ending June 30, 2020, object 202111379349309296 · read the filing
All filings for EIN 57-0314402: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.