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Transylvania University

Lexington, KY · EIN 61-0444825 · 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

Transylvania University reported $86.1 million in revenue and $71.1 million in expenses for the fiscal year ending June 30, 2025. Of every $100 it spent, $88.54 went to program services, $9.32 to management and general costs and $2.14 to fundraising. Its largest source of revenue was program service revenue such as fees, sales and contracts: 62.1% of the total. The highest compensation it reported for one person was $458,860 (PRESIDENT). 13 people received more than $100,000 in reportable compensation. Revenue rose 54% 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 $71M

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 $86M

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)
9.3%13.4%
Fundraising
Part IX 25(D) ÷ 25(A)
2.1%0.8%
Fundraising cost per $1 of contributions
Part IX 25(D) ÷ Part VIII 1h
$0.27$0.04
Contributions & grants share of revenue
Part VIII 1h ÷ 12
6.6%19.1%
Government grants share of revenue
Part VIII 1e ÷ 12
0.0%1.1%
Program service revenue share
Part VIII 2g ÷ 12
62.1%69.9%
Highest reported compensation
Part VII-A, columns D–F
$458,860$331,578
Highest compensation as share of expenses
Part VII-A ÷ Part IX 25(A)
0.65%1.28%
People paid over $100,000
Part VII, line 2
138
Net assets, in months of expenses
Part X 33(B) ÷ monthly expenses
36.613.3
Independent voting board members
Part VI 1a–1b
31 of 31100.0%

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
$63M expenses · 100.0% of program spending · grants $28M · revenue $55M

Transylvania University, located in the heart of downtown lexington, kentucky, is a topranked private liberal arts college featuring a community-driven, personalized approach to a liberal arts education. Founded in 1780, it is the 16th oldest institution of higher learning in the country, with approximately 1,000 students

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
$400,609$0$58,251$458,860
EVP FOR BUSINESS AFFAIRS, CFO
Key employee, 40.00 hrs/week
$215,637$0$36,415$252,052
VICE PRESIDENT FOR ACADEMIC AFFAIRS AND DEAN OF TH
Key employee, 40.00 hrs/week
$200,219$0$35,402$235,621
VICE PRESIDENT FOR ADVANCEMENT
Key employee, 40.00 hrs/week
$152,810$0$26,835$179,645
VICE PRESIDENT FOR STUDENT LIFE AND DEAN OF STUDEN
Highest compensated employee, 40.00 hrs/week
$141,912$0$33,753$175,665
VICE PRESIDENT FOR INSTITUTIONAL EFFECTIVENESS
Highest compensated employee, 40.00 hrs/week
$132,858$0$36,482$169,340
PROFESSOR
Highest compensated employee, 40.00 hrs/week
$132,169$0$32,901$165,070
PROFESSOR
Highest compensated employee, 40.00 hrs/week
$124,643$0$39,448$164,091

13 people received more than $100,000 in reportable compensation from Transylvania University (Part VII, line 2). Compensation of current officers, directors and key employees totaled $1.9M (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$25M$50M$75M$100MFY2020FY2021FY2022FY2023FY2024FY2025$86M$71M
FilingRevenueExpensesProgramsNet assetsTop pay
FY2025 ⓘ$86M$71M88.5%$217M$458,860
FY2024 ⓘ$72M$70M89.1%$203M$484,850
FY2023 ⓘ$66M$69M88.3%$189M$459,043
FY2022 ⓘ$58M$64M88.2%$185M$457,733
FY2021 ⓘ$71M$60M87.7%$202M$236,220
FY2020 ⓘ$56M$56M89.2%$166M$236,629

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–1b31 · 31 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 5844
  • Volunteers Part I, line 6100

Largest outside contractors

FY2025 · Form 990, Part VII, Section B · businesses only
ASPIRANT POINT-C
Medical insurance services
$6,092,310
BON APPETIT
Food services
$2,436,144
KENTUCKY UTILITIES
Utilities
$1,040,345
MARSH & MCLENNAN AGENCY
Insurance
$604,347
CHARD SNYDER AND ASSOCIATES
Medical insurance services
$406,928

Individuals listed as contractors are left out. 31 contractors were paid more than $100,000 in all.

Private foundation grants it received

31 private foundations reported grants to Transylvania University totaling $421K 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 Transylvania 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 Transylvania University, you can publish a response that is linked from this page.

Similar-sized charities in this cause

All education charities · Largest charities in Kentucky

Questions people ask

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

In the fiscal year ending June 30, 2025, Transylvania University reported that 88.5% of its $71.1 million in expenses went to program services, 9.3% to management and general and 2.1% to fundraising (Form 990, Part IX).

How much does Transylvania University pay its top executive?

The largest total compensation Transylvania University reported for one person in the fiscal year ending June 30, 2025 was $458,860, for the role of PRESIDENT (Form 990, Part VII, including compensation from related organizations and other compensation).

Where does Transylvania University get its money?

Of $86.1 million in revenue in the fiscal year ending June 30, 2025, 6.6% came from contributions and grants and 62.1% from program service revenue (Form 990, Part VIII).

Is Transylvania University a registered charity?

The IRS lists EIN 61-0444825 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 202631349349302558 · read the filing
  • FY2024: Form 990 for the fiscal year ending June 30, 2024, object 202521349349307957 · read the filing
  • FY2023: Form 990 for the fiscal year ending June 30, 2023, object 202401369349309450 · read the filing
  • FY2022: Form 990 for the fiscal year ending June 30, 2022, object 202331309349301668 · read the filing
  • FY2021: Form 990 for the fiscal year ending June 30, 2021, object 202211299349303661 · read the filing
  • FY2020: Form 990 for the fiscal year ending June 30, 2020, object 202140329349301534 · read the filing

All filings for EIN 61-0444825: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.