Faulkner University
Faulkner University reported $84.3 million in revenue and $74.5 million in expenses for the fiscal year ending May 31, 2025. Of every $100 it spent, $87.76 went to program services, $10.54 to management and general costs and $1.70 to fundraising. Its largest source of revenue was program service revenue such as fees, sales and contracts: 73.0% of the total. The highest compensation it reported for one person was $316,321 (UNIVERSITY PRESIDENT). 51 people received more than $100,000 in reportable compensation. Revenue rose 53% 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 $74MFor 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 $84MThe 990 scorecard · same measures for every charity, no grades
| Measure | FY2025 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 87.8% | 84.4% |
| Management & general Part IX 25(C) ÷ 25(A) | 10.5% | 13.4% |
| Fundraising Part IX 25(D) ÷ 25(A) | 1.7% | 0.8% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.06 | $0.04 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 23.5% | 19.1% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 4.6% | 1.1% |
| Program service revenue share Part VIII 2g ÷ 12 | 73.0% | 69.9% |
| Highest reported compensation Part VII-A, columns D–F | $316,321 | $331,578 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 0.42% | 1.28% |
| People paid over $100,000 Part VII, line 2 | 51 | 8 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 13.4 | 13.3 |
| Independent voting board members Part VI 1a–1b | 33 of 36 | 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 expenseInstruction, public service and academic support-educational courses leading to a college degree
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 |
|---|---|---|---|---|
| UNIVERSITY PRESIDENT Officer, 60.00 hrs/week | $292,157 | $0 | $24,164 | $316,321 |
| DEAN-COLLEGE OF BUSINESS Key employee, 50.00 hrs/week | $177,528 | $0 | $20,962 | $198,490 |
| VICE PRESIDENT- ACADEMIC AFFAIRS Highest compensated employee, 50.00 hrs/week | $141,611 | $0 | $55,829 | $197,440 |
| CHIEF OF STAFF Key employee, 50.00 hrs/week | $195,053 | $0 | $293 | $195,346 |
| DEAN-JONES SCHOOL OF LAW Key employee, 50.00 hrs/week | $169,292 | $0 | $12,352 | $181,644 |
| UNIVERSITY GENERAL COUNSEL Highest compensated employee, 50.00 hrs/week | $155,476 | $0 | $22,506 | $177,982 |
| ASSOCIATE PROFESSOR; ASSOC Highest compensated employee, 40.00 hrs/week | $144,558 | $0 | $22,692 | $167,250 |
| DIRECTOR, MSC PROGRAM Highest compensated employee, 40.00 hrs/week | $152,452 | $0 | $11,863 | $164,315 |
51 people received more than $100,000 in reportable compensation from Faulkner University (Part VII, line 2). Compensation of current officers, directors and key employees totaled $1.2M (Part IX, line 5).
6 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, 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–1b36 · 33 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 15aNo
- 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 14bNo
- Employees Part I, line 51,012
- Volunteers Part I, line 6200
Largest outside contractors
FY2025 · Form 990, Part VII, Section B · businesses only| MARSHALL DESIGN BUILD LLC Building projects | $3,204,071 |
| CULINARY MANAGEMENT SOLUTIONS Cafeteria & catering services | $2,025,937 |
| ILAWVENTURES LLC Marketing/recruiting | $1,929,697 |
| NATIONAL MANAGEMENT RESOURCES Maintenance outsourcing | $1,730,352 |
| NEWELL ROADBUILDERS INC Pedestrian bridge project | $1,380,000 |
Individuals listed as contractors are left out. 32 contractors were paid more than $100,000 in all.
Private foundation grants it received
14 private foundations reported grants to Faulkner University totaling $459K 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 Faulkner 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 Faulkner University, you can publish a response that is linked from this page.
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Of every $100 Faulkner University spent in FY2025, $87.76 went to programs. The full breakdown, from its IRS Form 990:
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Similar-sized charities in this cause
- University of New Mexico FoundationAlbuquerque, NM · revenue $84M · programs 76.5% · FY2025
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- Medical College of VA FoundationRichmond, VA · revenue $84M · programs 87.3% · FY2025
- Boise State University FoundationBoise, ID · revenue $84M · programs 85.0% · FY2025
- The Windward SchoolWhite Plains, NY · revenue $84M · programs 82.6% · FY2025
Questions people ask
How much of Faulkner University's spending goes to programs?
In the fiscal year ending May 31, 2025, Faulkner University reported that 87.8% of its $74.5 million in expenses went to program services, 10.5% to management and general and 1.7% to fundraising (Form 990, Part IX).
How much does Faulkner University pay its top executive?
The largest total compensation Faulkner University reported for one person in the fiscal year ending May 31, 2025 was $316,321, for the role of UNIVERSITY PRESIDENT (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Faulkner University get its money?
Of $84.3 million in revenue in the fiscal year ending May 31, 2025, 23.5% came from contributions and grants (including 4.6% from government grants) and 73.0% from program service revenue (Form 990, Part VIII).
Is Faulkner University a registered charity?
The IRS lists EIN 63-0329409 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 202620859349301627 · read the filing · XML
- FY2024: Form 990 for the fiscal year ending May 31, 2024, object 202423279349301207 · read the filing
- FY2023: Form 990 for the fiscal year ending May 31, 2023, object 202430229349301858 · read the filing
- FY2022: Form 990 for the fiscal year ending May 31, 2022, object 202202879349301575 · read the filing
- FY2021: Form 990 for the fiscal year ending May 31, 2021, object 202200639349301605 · read the filing
- FY2020: Form 990 for the fiscal year ending May 31, 2020, object 202002889349301295 · read the filing
All filings for EIN 63-0329409: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.