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Nonprofit · EIN 48-0547702

FRIENDS UNIVERSITY

Tax-exempt · WICHITA, KS 67213

Financials

$45.2M$45.6M2022$54.9M$53.2M2023$52.9M$48.4M2024
Revenue Expenses · by fiscal year end
Financials of FRIENDS UNIVERSITY by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
June 30, 2025990$52,851,669$48,397,683$4,453,986$132,190,832$5,351,295$126,839,537
June 30, 2024990$54,860,812$53,173,355$1,687,457$125,122,447$6,150,047$118,972,400
June 30, 2023990$45,214,355$45,556,612-$342,257$119,485,789$5,467,688$114,018,101
Financial details: 990 for the year ended June 30, 2025

Revenue

Contributions, gifts and grants
$4,274,991
of which government grants
$1,048,674
Program service revenue
$42,024,422
Investment income
$6,289,696
Royalties
$90,994
Net rental income
$68,060
Net gain from sales of assets
$4,620,531
Other revenue
$262,560

Expenses

Grants and similar amounts paid
$17,501,942
Compensation of officers, directors and key employees
$664,110
Other salaries and wages
$13,600,002
Salaries, compensation and benefits (total)
$17,056,897
Professional fundraising fees
$144,013
Legal fees
$91,932
Accounting fees
$25,253
Occupancy
$3,176,634
Travel
$868,558
Depreciation
$1,868,187
Program services (functional)
$43,358,396
Management and general (functional)
$4,244,567
Fundraising (functional)
$794,720

Balance sheet and other

Total assets, start of year
$125,122,447
Total assets, end of year
$132,190,832
Total liabilities, end of year
$5,351,295
Net assets, end of year
$126,839,537
Land, buildings and equipment
$47,740,088
Publicly traded securities
$47,997,247
Net assets without donor restrictions
$68,265,362
Net assets with donor restrictions
$58,574,175
Gross unrelated business income
$1,727
Gross receipts
$56,413,210
Employees
819
Volunteers
50
Year formed
1898
State of legal domicile
KS

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended June 30, 2025, highest compensation first.

NameTitleHours / weekCompensationOther / benefits
DR AMY CAREYTRUSTEE/PRESIDENT
Trustee or director, Officer
50$294,440$59,467
KEN STOLTZFUSVP, ACADEMIC AFFAIRS
Officer
50$146,382$13,163
SCOTT FREYVP, FINANCE
Officer
50$142,628$8,029
PAUL RAMSEYERVP, ATHLETICS AND STRATEGIC ADVANCEMENT
Highest-paid employee
50$116,690$24,598
PRESTON TODDVP, ENROLLMENT MANAGEMENT
Highest-paid employee
50$114,865$24,997
DR JOHN LEWISTRUSTEE/VICE CHAIR - ENDING OCTOBER 2024
Trustee or director, Officer
5$0$0
DR KEVIN HOPPOCKTRUSTEE/VICE CHAIR - BEGINNING OCTOBER 2024
Trustee or director, Officer
5$0$0
DR THAYNE THOMPSONTRUSTEE/CHAIR
Trustee or director, Officer
5$0$0
REGINA MILLERTRUSTEE/ SECRETARY
Trustee or director, Officer
5$0$0
ROBERT CASPERTRUSTEE/TREASURER
Trustee or director, Officer
5$0$0
BRENT EDMISTENTRUSTEE
Trustee or director
1$0$0
DANIEL LITTLERTRUSTEE - BEGINNING OCTOBER 2024
Trustee or director
1$0$0
DR KENT WALKEMEYERTRUSTEE
Trustee or director
1$0$0
G ALEX MELUGINTRUSTEE
Trustee or director
1$0$0
GIL ALVAREZTRUSTEE
Trustee or director
1$0$0
12 more people on this return
NameTitleHours / weekCompensation
JAMES NAGYTRUSTEE
Trustee or director
1$0
JANA MCDANIELTRUSTEE
Trustee or director
1$0
JEFF RAMSEYTRUSTEE
Trustee or director
1$0
KEVIN HENDERSONTRUSTEE - ENDING OCTOBER 2024
Trustee or director
1$0
KIMBERLY DUGGER ATTWATERTRUSTEE
Trustee or director
1$0
LYNN GHORMLEYTRUSTEE - BEGINNING OCTOBER 2024
Trustee or director
1$0
MATTHEW SHEPHERDTRUSTEE/ AA CHAIR BEGINNING OCTOBER 2024
Trustee or director
1$0
NATHAN FOREMANTRUSTEE
Trustee or director
1$0
PAUL MOORETRUSTEE - ENDING OCTOBER 2024
Trustee or director
1$0
RENAE RYANTRUSTEE
Trustee or director
1$0
SHANNON BOHMTRUSTEE
Trustee or director
1$0
VICKIE YOUNG BEAMTRUSTEE
Trustee or director
1$0
990 for the year ended June 30, 2024: 28 people
NameTitleHours / weekCompensationOther / benefits
DR AMY CAREYTRUSTEE/PRESIDENT
Trustee or director, Officer
50$269,562$68,711
KEN STOLTZFUSVP, ACADEMIC AFFAIRS
Officer
50$138,654$16,802
BRIANNA BOULANGERVP,ADVANCEMENT AND MARKETING
Highest-paid employee
50$101,149$34,474
PAUL RAMSEYERVP, ATHLETICS AND STRATEGIC ADVANCEMENT
Highest-paid employee
50$103,049$29,469
VERNON DOLEZALVP, FINANCE - ENDING AUGUST 2023
Officer
50$84,927$19,815
SCOTT FREYVP, FINANCE - BEGINNING SEPTEMBER 2023
Officer
50$42,365$2,247
DR JOHN LEWISTRUSTEE/VICE CHAIR
Trustee or director, Officer
5$0$0
DR THAYNE THOMPSONTRUSTEE/CHAIR
Trustee or director, Officer
5$0$0
LYNN GHORMLEYTRUSTEE/SECRETARY - ENDING OCTOBER 2023
Trustee or director, Officer
5$0$0
REGINA MILLERTRUSTEE/PT YEAR SECRETARY - BEGINNING OCTOBER 2023
Trustee or director, Officer
5$0$0
ROBERT CASPERTRUSTEE/TREASURER
Trustee or director, Officer
5$0$0
BRENT EDMISTENTRUSTEE
Trustee or director
1$0$0
CRAIG BAYTRUSTEE - ENDING OCTOBER 2023
Trustee or director
1$0$0
DR KENT WALKEMEYERTRUSTEE
Trustee or director
1$0$0
DR KEVIN HOPPOCKTRUSTEE - BEGINNING OCTOBER 2023
Trustee or director
1$0$0
G ALEX MELUGINTRUSTEE
Trustee or director
1$0$0
GIL ALVAREZTRUSTEE
Trustee or director
1$0$0
JAMES NAGYTRUSTEE
Trustee or director
1$0$0
JANA MCDANIELTRUSTEE
Trustee or director
1$0$0
JEFF RAMSEYTRUSTEE
Trustee or director
1$0$0
KEVIN HENDERSONTRUSTEE
Trustee or director
1$0$0
KIMBERLY DUGGER ATTWATERTRUSTEE - BEGINNING OCTOBER 2023
Trustee or director
1$0$0
MATTHEW SHEPHERDTRUSTEE
Trustee or director
1$0$0
NATHAN FOREMANTRUSTEE - BEGINNING FEBRUARY 2024
Trustee or director
1$0$0
PAUL MOORETRUSTEE
Trustee or director
1$0$0
RENAE RYANTRUSTEE
Trustee or director
1$0$0
SHANNON BOHMTRUSTEE - BEGINNING FEBRUARY 2024
Trustee or director
1$0$0
VICKIE YOUNG BEAMTRUSTEE
Trustee or director
1$0$0
990 for the year ended June 30, 2023: 24 people
NameTitleHours / weekCompensationOther / benefits
DR AMY CAREYPRESIDENT
Trustee or director, Officer
50$281,522$52,887
VERNON DOLEZALVP, FINANCE
Officer
50$143,906$41,436
KEN STOLTZFUSVP, ACADEMIC AFFAIRS
Officer
50$136,464$11,185
BRIANNA BOULANGERVP,ADVANCEMENT AND MARKETING
Highest-paid employee
50$103,803$6,303
DR KEVIN HOPPOCKCHAIR
Trustee or director, Officer
5$0$0
DR JOHN LEWISVICE CHAIR
Trustee or director, Officer
5$0$0
DR THAYNE THOMPSONVICE CHAIR
Trustee or director, Officer
5$0$0
ROBERT CASPERTREASURER
Trustee or director, Officer
5$0$0
LYNN GHORMLEYSECRETARY
Trustee or director, Officer
5$0$0
GIL ALVAREZTRUSTEE
Trustee or director
1$0$0
CRAIG BAYTRUSTEE
Trustee or director
1$0$0
KIMBERLY DUGGER ATTWATERTRUSTEE
Trustee or director
1$0$0
BRENT EDMISTENTRUSTEE
Trustee or director
1$0$0
KEVIN HENDERSONTRUSTEE
Trustee or director
1$0$0
REGINA MILLERTRUSTEE
Trustee or director
1$0$0
PAUL MOORETRUSTEE
Trustee or director
1$0$0
JAMES NAGYTRUSTEE
Trustee or director
1$0$0
JEFF RAMSEYTRUSTEE
Trustee or director
1$0$0
RENAE RYANTRUSTEE
Trustee or director
1$0$0
MATTHEW SHEPHERDTRUSTEE
Trustee or director
1$0$0
DR KENT WALKEMEYERTRUSTEE
Trustee or director
1$0$0
VICKIE YOUNG BEAMTRUSTEE
Trustee or director
1$0$0
JANA MCDANIELTRUSTEE
Trustee or director
1$0$0
G ALEX MELUGINTRUSTEE
Trustee or director
1$0$0

Address and contacts

Address (IRS master file)
2100 W UNIVERSITY AVE, WICHITA, KS 67213-3379
In care of
% SCOTT FREY
Principal officer (990 for 2024)
SCOTT FREY, 2100 W UNIVERSITY AVENUE, WICHITA, KS 672133379
Signed the 990
SCOTT FREY, CFO
Phone
(316) 295-5000
Return prepared by
Forvis Mazars LLP

Mission

FRIENDS UNIVERSITY, A CHRISTIAN UNIVERSITY OF QUAKER HERITAGE, EQUIPS STUDENTS TO HONOR GOD AND SERVE OTHERS BY INTEGRATING THEIR INTELLECTUAL, SPIRITUAL, AND PROFESSIONAL LIVES.

990 for the year ended June 30, 2025

Program accomplishments

  • THE COLLEGE OF BUSINESS, ARTS, SCIENCES, AND EDUCATION IS THE TRADITIONAL UNDERGRADUATE LIBERAL ARTS COLLEGE. STUDENTS RECEIVE A BROAD-BASED EDUCATION AND ARE GIVEN OPPORTUNITIES TO APPLY THEIR EDUCATION AND INTEGRATE THAT EDUCATION BEYOND THE CLASSROOM THROUGH INTERNSHIPS, RESEARCH PROJECTS, STUDY ABROAD, PARTICIPATION IN ATHLETICS, OR PERFORMING ARTS AND IN STUDENT ORGANIZATIONS. FALL 2024 ENROLLMENT WAS 917.
    Expenses $35,533,219 · grants $17,436,484 · revenue $35,645,968
  • ADULT UNDERGRADUATE ONLINE PROGRAMS ARE DESIGNED FOR BUSY PEOPLE WHO PREFER AN ONLINE COLLEGE EXPERIENCE THROUGH OUR FLEX DEGREE PATHWAYS. THE COLLEGE IS COMMITTED TO PROVIDING ACADEMIC EXCELLENCE FOR A DIVERSE COMMUNITY OF LIFELONG LEARNERS. UNDERGRADUATE STUDENTS ARE ADMITTED BASED ON THEIR POTENTIAL FOR ACHIEVING ACADEMIC SUCCESS. FALL 2024 ENROLLMENT WAS 117.
    Expenses $3,794,123 · grants $14,670 · revenue $694,986
  • THE MISSION OF THE GRADUATE COLLEGE IS TO PROVIDE A HIGH-QUALITY LEARNING ENVIRONMENT FOR STUDENTS SEEKING PROFESSIONAL GRADUATE EDUCATION. FALL 2024 ENROLLMENT WAS 413.
    Expenses $3,515,329 · grants $50,788 · revenue $5,370,253
  • FRIENDSHIP FIELDS IS A POST SECONDARY OPTION FOR SPED STUDENTS THAT ALLOWS ADULTS WITH DISABILITIES TO EXPERIENCE COLLEGE LIFE WHILE ALSO OFFERING FRIENDS UNIVERSITY STUDENTS THE OPPORTUNITY TO WORK WITH SPECIAL NEEDS ADULTS. THE APPRENTICE INSTITUTE PROMOTES HIGHER-LEVEL THINKING, DEEPER CONVERSATION AND A CREATIVE TRACK FOR GROWING CLOSER TO GOD BY PLACING A GREATER EMPHASIS ON SPIRITUALITY, EVANGELISM AND SPIRITUAL FORMATION BY EQUIPPING AND ENCOURAGING PEOPLE TO LIVE GOOD AND BEAUTIFUL LIVES THAT WILL CHANGE THE WORLD AROUND THEM.
    Expenses $515,725 · revenue $313,215

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025June 30, 2026November 16, 2026Not due yet
2024June 30, 2025November 17, 2025990 on file
2023June 30, 2024November 15, 2024990 on file

IRS record

EIN
48-0547702
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
School
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
1924
Accounting year ends
June
Files
Form 990 or 990-EZ
Category (NTEE)
Education (B430)
Assets (IRS master file)
$132,190,832
Income (IRS master file)
$56,413,210

Filing history

FormYear endedRevenueExpensesAssetsReturn
990June 2025$52,851,669$48,397,683$132,190,832IRS
990-TJune 2025–––IRS
990June 2024$54,860,812$53,173,355$125,122,447IRS
990-TJune 2024–––IRS
990June 2023$45,214,355$45,556,612$119,485,789XML
990-TJune 2023–––IRS
990June 2022$51,050,337$46,766,239$113,219,146IRS
990-TJune 2022–––IRS
990June 2021–––IRS
990June 2020–––IRS
990June 2019–––IRS
990June 2018–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 48-0547702).

Questions about FRIENDS UNIVERSITY

What is the EIN of FRIENDS UNIVERSITY?
The employer identification number (EIN) of FRIENDS UNIVERSITY is 48-0547702.
Is FRIENDS UNIVERSITY tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1924.
Are donations to FRIENDS UNIVERSITY tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does FRIENDS UNIVERSITY file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of FRIENDS UNIVERSITY due?
The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did FRIENDS UNIVERSITY last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended June 2025.
Who is the principal officer of FRIENDS UNIVERSITY?
The 990 for the year ended June 30, 2025 names SCOTT FREY.
Who are the officers and directors of FRIENDS UNIVERSITY?
The 990 for the year ended June 30, 2025 lists 27 people; 5 received compensation from the organization, the highest $294,440 (DR AMY CAREY, TRUSTEE/PRESIDENT).
How much revenue does FRIENDS UNIVERSITY have?
On its 990 for the year ended June 30, 2025 it reported revenue of $52,851,669, expenses of $48,397,683 and total assets of $132,190,832 at year end.

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