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Anderson University

Anderson, SC · EIN 57-0324906 · 501(c)(3) · School
Latest filing: Form 990 for the fiscal year ending May 31, 2025 (tax year 2024) · View the filing · Correct or respond

Anderson University reported $177.4 million in revenue and $154.9 million in expenses for the fiscal year ending May 31, 2025. Of every $100 it spent, $89.19 went to program services, $9.43 to management and general costs and $1.38 to fundraising. Its largest source of revenue was program service revenue such as fees, sales and contracts: 82.7% of the total. The highest compensation it reported for one person was $954,675 (PRESIDENT). 54 people received more than $100,000 in reportable compensation. Revenue rose 74% 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 $155M

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 May 31, 2025 · Form 990, Part VIII · total revenue $177M

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)
89.2%84.4%
Management & general
Part IX 25(C) ÷ 25(A)
9.4%13.4%
Fundraising
Part IX 25(D) ÷ 25(A)
1.4%0.8%
Fundraising cost per $1 of contributions
Part IX 25(D) ÷ Part VIII 1h
$0.08$0.04
Contributions & grants share of revenue
Part VIII 1h ÷ 12
14.9%19.1%
Government grants share of revenue
Part VIII 1e ÷ 12
0.3%1.1%
Program service revenue share
Part VIII 2g ÷ 12
82.7%69.9%
Highest reported compensation
Part VII-A, columns D–F
$954,675$331,578
Highest compensation as share of expenses
Part VII-A ÷ Part IX 25(A)
0.62%1.28%
People paid over $100,000
Part VII, line 2
548
Net assets, in months of expenses
Part X 33(B) ÷ monthly expenses
15.213.3
Independent voting board members
Part VI 1a–1b
23 of 23100.0%

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
$120M expenses · 87.2% of program spending · grants $55M · revenue $121M

The university is a comprehensive university affiliated with the south carolina baptist convention offering bachelors, masters, and doctorate degrees. Located on approximately 398 acres in the upstate region of south carolina near the foothills of the appalachians, the university features a rigorous education in a supportive christian atmosphere. The main sourcesof revenue are tuition, fee, and auxiliary enterprise income as well as contributions from the public.the organization offers 64 baccalaureate majors, 43 major-embedded concentrations, as well as 56 minors and two undergraduate…

$18M expenses · 12.8% of program spending · revenue $23M

Auxiliary enterprise revenue: auxiliary enterprises exist to furnish goods or services to students, faculty, staff, or incidentally to the general public. Fees charged for auxiliary enterprises are priced to offset the cost of the goods or services provided. The distinguishing characteristic of auxiliary enterprises is that they are managed as an essentially self-supporting activity. Revenues and expenses from auxiliary enterprises are reported as changes in net assets without donor restrictions.auxiliary enterprises revenue includes activities for student housing and dining facilities. A…

$47,487 expenses · 0.0% of program spending · revenue $2.7M

Other program revenue that includes, but is not limited to, commissions from sales of student related items, perkins debt service, ticket sales for athletic and theatre events, and magazine subscription revenue

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, 60.00 hrs/week
$833,457$0$121,218$954,675
SR VP ADMINISTRATION, BRAND & STRATEGIC PLANNING
Officer, 40.00 hrs/week
$207,097$0$55,475$262,572
SR VP DEVELOPMENT & PRESIDENTIAL AFFAIRS
Officer, 40.00 hrs/week
$208,732$0$43,564$252,296
PROVOST
Key employee, 40.00 hrs/week
$182,945$0$56,778$239,723
VP AND UNIVERSITY COUNSEL
Officer, 40.00 hrs/week
$198,897$0$32,279$231,176
DEAN-COLLEGE OF BUSINESS
Highest compensated employee, 40.00 hrs/week
$178,025$0$39,191$217,216
SR VP OF FINANCE AND CFO
Officer, 40.00 hrs/week
$176,941$0$30,818$207,759
DEAN-COLLEGE OF ENGINEERING
Highest compensated employee, 40.00 hrs/week
$186,439$0$18,202$204,641

54 people received more than $100,000 in reportable compensation from Anderson University (Part VII, line 2). Compensation of current officers, directors and key employees totaled $2.2M (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$50M$100M$150M$200MFY2020FY2021FY2022FY2023FY2024FY2025$177M$155M
FilingRevenueExpensesProgramsNet assetsTop pay
FY2025 ⓘ$177M$155M89.2%$196M$954,675
FY2024 ⓘ$148M$146M89.7%$170M$864,817
FY2023 ⓘ$131M$132M88.6%$163M$1,041,203
FY2022 ⓘ$130M$123M87.8%$164M$670,569
FY2021 ⓘ$125M$107M88.5%$166M$598,960
FY2020 ⓘ$102M$96M88.7%$140M$687,459

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–1b23 · 23 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 4Yes
  • 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 51,871
  • Volunteers Part I, line 6328

Largest outside contractors

FY2025 · Form 990, Part VII, Section B · businesses only
AVI FOODSYSTEMS INC
Food service
$6,577,818
THE BUDD GROUP INC
Cleaning & lawn services
$3,402,637
MAVIN CONSTRUCTION LLC
Construction
$1,940,900
ENCOURA LLC
Digital marketing services
$1,400,548
BURR AND FORMAN LLP
Legal services
$1,082,957

Individuals listed as contractors are left out. 26 contractors were paid more than $100,000 in all.

Private foundation grants it received

26 private foundations reported grants to Anderson University totaling $2.0M 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 Anderson 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 Anderson University, you can publish a response that is linked from this page.

Similar-sized charities in this cause

All education charities · Largest charities in South Carolina

Questions people ask

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

In the fiscal year ending May 31, 2025, Anderson University reported that 89.2% of its $154.9 million in expenses went to program services, 9.4% to management and general and 1.4% to fundraising (Form 990, Part IX).

How much does Anderson University pay its top executive?

The largest total compensation Anderson University reported for one person in the fiscal year ending May 31, 2025 was $954,675, for the role of PRESIDENT (Form 990, Part VII, including compensation from related organizations and other compensation).

Where does Anderson University get its money?

Of $177.4 million in revenue in the fiscal year ending May 31, 2025, 14.9% came from contributions and grants (including 0.3% from government grants) and 82.7% from program service revenue (Form 990, Part VIII).

Is Anderson University a registered charity?

The IRS lists EIN 57-0324906 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 202610979349300616 · read the filing · XML
  • FY2024: Form 990 for the fiscal year ending May 31, 2024, object 202500849349301310 · read the filing
  • FY2023: Form 990 for the fiscal year ending May 31, 2023, object 202411029349301806 · read the filing
  • FY2022: Form 990 for the fiscal year ending May 31, 2022, object 202330949349301508 · read the filing
  • FY2021: Form 990 for the fiscal year ending May 31, 2021, object 202231019349301118 · read the filing
  • FY2020: Form 990 for the fiscal year ending May 31, 2020, object 202110909349300531 · read the filing

All filings for EIN 57-0324906: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.