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Nonprofit · EIN 54-0946734

LIBERTY UNIVERSITY INC

Also known as GREEN HALL

Tax-exempt · LYNCHBURG, VA 24515

Financials

$1.6B$1.4B2022$1.8B$1.5B2023$1.9B$1.5B2024
Revenue Expenses · by fiscal year end
Financials of LIBERTY UNIVERSITY INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
June 30, 2025990$1,939,920,591$1,528,685,670$411,234,921$5,085,879,052$299,310,059$4,786,568,993
June 30, 2024990$1,802,305,808$1,456,869,886$345,435,922$4,612,068,688$308,720,386$4,303,348,302
June 30, 2023990$1,565,676,548$1,381,066,428$184,610,120$4,157,125,287$308,542,889$3,848,582,398
Financial details: 990 for the year ended June 30, 2025

Revenue

Contributions, gifts and grants
$18,446,326
of which government grants
$7,880,637
Program service revenue
$1,637,927,138
Investment income
$231,963,831
Royalties
$962,970
Net rental income
$4,271,325
Net gain from sales of assets
$138,881,034
Net income from fundraising events
$152,805
Other revenue
$51,583,296

Expenses

Grants and similar amounts paid
$379,340,949
Compensation of officers, directors and key employees
$10,011,668
Other salaries and wages
$529,158,863
Salaries, compensation and benefits (total)
$674,249,645
Professional fundraising fees
$0
Legal fees
$1,673,357
Accounting fees
$492,116
Occupancy
$20,565,530
Travel
$15,478,454
Depreciation
$58,959,865
Program services (functional)
$1,298,409,779
Management and general (functional)
$221,284,841
Fundraising (functional)
$8,991,050

Balance sheet and other

Total assets, start of year
$4,612,068,688
Total assets, end of year
$5,085,879,052
Total liabilities, end of year
$299,310,059
Net assets, end of year
$4,786,568,993
Land, buildings and equipment
$1,611,171,015
Publicly traded securities
$1,661,604,086
Net assets without donor restrictions
$4,736,227,749
Net assets with donor restrictions
$50,341,244
Gross unrelated business income
$44,613,713
Gross receipts
$4,753,498,327
Employees
13,542
Volunteers
14,645
Year formed
1972
State of legal domicile
VA

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
Mr Jerry Falwell JrFormer Trustee/Officer
Former
0$9,781,223$0
Mr James ChadwellHead Football Coach
Highest-paid employee
55$4,998,651$53,452
Mr Ritchie McKayHead Basketball Coach
Highest-paid employee
55$1,612,564$68,664
Dr Dondi CostinTrustee/President
Trustee or director, Officer
53.5$1,095,435$32,225
Mr Ian McCawVP & Director of Athletics
Key employee
55$955,806$61,101
Dr Robert RitzChief Financial Officer/Treasurer
Officer
53.5$665,613$61,882
Dr Charles LathamProvider, Collaborative Health Partners, LLC
Highest-paid employee
55$657,324$38,175
Dr Ronald KennedyEVP for Enrollment Management & Marketing
Key employee
55$546,123$89,985
Mr Shawn CrawfordCEO, Collaborative Health Partners, LLC
Highest-paid employee
55$528,944$44,580
Rev Jonathan FalwellTrustee/Chancellor
Trustee or director, Officer
30$552,610$2,045
Dr Scott HicksProvost and Chief Academic Officer
Officer
54$527,278$22,753
Mr William KornAssistant Coach, Football
Highest-paid employee
55$499,800$45,899
Mr David CorryGeneral Counsel/Secretary
Officer
55$471,052$44,699
Mr John GaugerChief Information Officer and EVP of Analytics
Key employee
55$425,111$42,584
Mrs Cindy GaebeSVP of Finance and Chief Investment Officer
Officer
51$392,587$39,952
43 more people on this return
NameTitleHours / weekCompensationOther / benefits
Dr Jerry PrevoTrustee/President Emeritus
Trustee or director
42$395,001$33,279
Mr Daniel DeterSVP of Construction and Facilities Management
Key employee
55$340,959$68,556
Mr Steve FosterEVP of Human Resources
Key employee
55$347,269$47,329
Dr Lawrence HineSVP of Student Affairs
Key employee
53$318,540$30,735
Mr Charles SpenceFormer Key Employee
Former
54.5$314,970$15,229
Mr Daniel ApplewhiteDeputy General Counsel/Assistant Secretary
Officer
55$284,296$38,282
Mr Brian MentzerEVP of Development
Key employee
55$265,137$56,472
Mr Don MoonFormer Officer
Former
55$314,321$5,066
Mr Craig PettitVP of Real Estate Management
Key employee
54.5$260,763$39,893
Rev Glenn ClaryFormer Key Employee
Former
55$248,884$43,741
Mr Scott SpearVP of Finance and Administration
Key employee
54$245,345$33,023
Mrs Ashley ReichSVP of University Compliance
Key employee
55$219,081$38,167
Mr Matt CooperVP of Student Financial Services
Key employee
55$188,257$30,691
Mr Shon MuldrowFormer Key Employee
Former
55$146,390$26,159
Mr Anthony BecklesTrustee & Online Chair
Trustee or director
42$120,364$16,050
Dr Brian AutryTrustee & Adjunct Professor
Trustee or director
27$48,000$0
Dr John Borek JrTrustee & Adjunct Professor
Trustee or director
27$34,100$0
Ms Penny NanceTrustee
Trustee or director
1$17,790$0
Evangelist Tim LeeTrustee/Chairman
Trustee or director
4$15,828$0
Mr Carroll HudsonTrustee
Trustee or director
4$1,183$0
Dr Allen McFarlandTrustee
Trustee or director
1$1,000$0
Dr Gene MimsTrustee
Trustee or director
2$507$0
Dr Richard G LeeTrustee
Trustee or director
1$179$0
Mr Gilbert TinneyTrustee
Trustee or director
2$169$0
Dr David RhodenhizerTrustee
Trustee or director
3$0$0
Dr Don CrainTrustee
Trustee or director
2$0$0
Dr Dwight ReighardTrustee
Trustee or director
2$0$0
Dr Harold RawlingsTrustee
Trustee or director
1$0$0
Dr Jack GrahamTrustee
Trustee or director
2$0$0
Dr James Scroggins IVTrustee
Trustee or director
1$0$0
Dr Jeannie RiversTrustee
Trustee or director
1$0$0
Dr Jerry VinesTrustee
Trustee or director
3$0$0
Evangelist William F Graham IVTrustee/Vice Chairman
Trustee or director
2$0$0
Mr Chris RhodenhizerTrustee
Trustee or director
1$0$0
Mr David RiceTrustee
Trustee or director
2$0$0
Mr Galen Peel SrTrustee
Trustee or director
1$0$0
Mr Jeffery S YagerTrustee
Trustee or director
2$0$0
Mr Jeffrey F BensonTrustee
Trustee or director
3$0$0
Mr John HeathTrustee
Trustee or director
2$0$0
Mr Richard OsborneTrustee
Trustee or director
1$0$0
Mr William TinneyTrustee
Trustee or director
2$0$0
Mrs Gaye Overton BensonTrustee
Trustee or director
2$0$0
Ms Angela JordanTrustee
Trustee or director
1$0$0
990 for the year ended June 30, 2024: 56 people
NameTitleHours / weekCompensationOther / benefits
MR JAMES CHADWELLHEAD COACH - FOOTBALL
Highest-paid employee
55$5,877,112$59,397
MR RITCHIE L MCKAYHEAD COACH - BASKETBALL
Highest-paid employee
55$1,857,202$67,159
MR IAN MCCAWVP & DIRECTOR OF ATHLETICS
Key employee
55$905,748$67,159
PASTOR JONATHAN FALWELLTRUSTEE/CHANCELLOR
Trustee or director, Officer
30$822,573$11,927
DR JERRY PREVOTRUSTEE/PRESIDENT EMERITUS
Trustee or director
42$784,082$37,954
DR ROBERT RITZCHIEF FIN. OFFICER/TREASURER
Officer
53$732,062$65,324
DR RONALD KENNEDYEVP FOR ENROLLMENT & MARKETING
Key employee
55$548,194$67,159
DR DONDI COSTINTRUSTEE/PRESIDENT
Trustee or director, Officer
55$556,191$21,398
MR DAVID CORRYGENERAL COUNSEL/SECRETARY
Officer
55$475,845$65,858
MR JOHN CURTISASSISTANT COACH - FOOTBALL
Highest-paid employee
55$495,102$26,860
DR SCOTT HICKSPROVOST & CHIEF ACADEMIC OFF.
Officer
54$469,749$22,425
MR WILLIAM KORNASSISTANT COACH - FOOTBALL
Highest-paid employee
55$455,962$33,276
DR MARK F HORSTEMEYERDEAN, SCHOOL OF ENGINEERING
Highest-paid employee
55$420,530$66,897
MR JOHN GAUGERCIO & EVP Analytics
Key employee
55$430,716$34,233
MR STEVE FOSTEREVP OF HUMAN RESOURCES
Key employee
55$369,528$44,659
MRS CINDY GAEBESVP OF FIN.& CHIEF INVEST OFF.
Officer
50$391,544$13,733
MR CHARLES SPENCESVP OF CAMPUS FACILITIES & TRA
Key employee
54.5$285,733$63,915
MR DANIEL DETERVP OF MAJOR CONSTRUCTION
Key employee
55$316,428$27,733
REV GLENN CLARYVP OF STRATEGIC P'SHIPS&ALLIA
Key employee
55$268,455$63,915
MR DON MOONFORMER KEY EMPLOYEE
Former
40$268,713$58,187
MR CRAIG PETTITTVP OF REAL ESTATE MANAGEMENT
Key employee
54$266,174$43,733
DR LAWRENCE HINEEVP OF STUDENT AFFAIRS
Key employee
53$264,338$41,062
MR DANIEL APPLEWHITEDEPUTY GEN. COUNSEL/ASST. SECY
Officer
55$269,162$25,062
MR BRIAN MENTZEREVP OF DEVELOPMENT
Key employee
55$251,835$25,556
MR SHON MULDROWFORMER KEY EMPLOYEE
Former
40$228,188$33,026
MRS ASHLEY REICHSVP OF UNIVERSITY COMPLIANCE
Key employee
55$216,677$34,979
MR SCOTT SPEARVP OF FINANCE & ADMINISTRATION
Key employee
53$226,275$23,844
MR MATT COOPERVP OF STUDENT FINANCIAL SERVIC
Key employee
55$183,311$22,431
MR ANTHONY BECKLESTRUSTEE/ONLINE CHAIR
Trustee or director
43$113,389$29,115
DR BRIAN AUTRYTRUSTEE & ADJUNCT PROFESSOR
Trustee or director
27$56,000$0
DR JOHN BOREK JRTRUSTEE & ADJUNCT PROFESSOR
Trustee or director
27$39,200$568
DR DAVID RHODENHIZERTRUSTEE
Trustee or director
3$28,747$0
MR WILLIAM TINNEYTRUSTEE
Trustee or director
2$25,984$0
EVANGELIST TIM LEETRUSTEE
Trustee or director
3$25,958$0
MR GILBERT TINNEY JRFORMER TRUSTEE
Former
0$18,668$0
EVANGELIST WILLIAM F GRAHAMTRUSTEE
Trustee or director
2$15,860$0
MR CHRIS RHODENHIZERTRUSTEE
Trustee or director
1$12,290$0
MR JEFFERY S YAGERTRUSTEE
Trustee or director
2$11,900$0
DR DON CRAINTRUSTEE
Trustee or director
2$9,775$0
DR JACK GRAHAMTRUSTEE
Trustee or director
2$3,500$0
DR ALLEN MCFARLANDTRUSTEE
Trustee or director
1$1,500$0
DR RICHARD G LEETRUSTEE
Trustee or director
1$974$0
MR CARROLL HUDSONTRUSTEE
Trustee or director
3$750$0
MR WILLIAM E WESTOVERTRUSTEE
Trustee or director
1$250$0
MR JEFFREY F BENSONTRUSTEE
Trustee or director
4$125$0
MRS GAYE OVERTON BENSONTRUSTEE
Trustee or director
2$0$0
MR JOHN HEATHTRUSTEE
Trustee or director
2$0$0
MS ANGELA JORDANTRUSTEE
Trustee or director
1$0$0
DR GENE MIMSTRUSTEE
Trustee or director
2$0$0
MS PENNY NANCETRUSTEE
Trustee or director
2$0$0
MR RICHARD OSBORNETRUSTEE
Trustee or director
3$0$0
MR GALEN PEEL SRTRUSTEE
Trustee or director
1$0$0
DR HAROLD RAWLINGSTRUSTEE
Trustee or director
1$0$0
DR DWIGHT REIGHARDTRUSTEE
Trustee or director
2$0$0
DR JERRY VINESTRUSTEE
Trustee or director
3$0$0
MR GILBERT TINNEYTRUSTEE
Trustee or director
2$0$0
990 for the year ended June 30, 2023: 53 people
NameTitleHours / weekCompensationOther / benefits
Mr Danny H Freeze JrHead Coach - Football
Highest-paid employee
55$3,793,248$40,181
Mr Ritchie L McKayHead Coach - Basketball
Highest-paid employee
55$1,402,383$61,577
Dr Jerry PrevoTrustee/President
Trustee or director, Officer
54$991,455$32,763
Mr Ian McCawDirector of Athletics
Key employee
55$827,522$61,577
Dr Robert RitzChief Fin. Officer/Treasurer
Officer
53$586,079$61,577
Mr David CorryGeneral Counsel/Secretary
Officer
55$445,473$34,176
Mr James ChadwellHead Coach - Football
Highest-paid employee
55$479,629$0
Dr Ronald KennedyEVP for Enrollment & Marketing
Key employee
55$398,422$61,227
Dr Scott HicksProvost & Chief Academic Off.
Officer
54$416,214$18,374
Mr Scott JacksonHead Coach - Baseball
Highest-paid employee
55$376,041$54,782
Dr Mark F HorstemeyerDean, School of Engineering
Highest-paid employee
55$368,095$40,782
Dr Shawn AkersOnline Provost
Officer
55$382,624$8,050
Mrs Cindy GaebeSVP of Fin.& Chief Invest Off.
Officer
50$330,704$13,343
Mr Don MoonFORMER OFFICER
Former
40$273,735$52,318
Mr John GaugerChief Information Officer
Key employee
55$291,504$27,155
Mr Daniel DeterVP of Major Construction
Key employee
55$291,813$25,676
Rev Glenn ClaryEVP of Strategic P'ships
Key employee
55$255,026$58,360
Mr Steve FosterEVP of Human Resources
Key employee
55$263,471$41,077
Mr Craig PettittVP of Real Estate Management
Key employee
55$250,465$40,343
Mr Charles SpenceSVP of Campus Facilities & Tra
Key employee
54.5$252,713$37,860
Mr Shon MuldrowSVP of Inclusion, Divers & Eqy
Key employee
55$252,577$36,405
Mr Daniel ApplewhiteDeputy Gen. Counsel/Asst. Secy
Officer
55$239,381$24,101
Dr Lawrence HineSenior VP of Student Affairs
Key employee
45$215,970$37,342
Mr Scott SpearVP of Finance & Administration
Key employee
53$191,609$18,977
Pastor Jonathan FalwellTrustee/Chancellor
Trustee or director, Officer
20$208,510$0
Mr Matthew CooperVP of Student Financial Svcs
Key employee
55$159,578$20,968
Mr Chris JohnsonFormer Key Employee
Former
40$133,050$18,693
Mr Anthony BecklesTrustee/Online Chair
Trustee or director
42$107,812$16,373
Mr Gilbert Tinney JrTrustee
Trustee or director
3$74,599$0
Dr David RhodenhizerTrustee
Trustee or director
3$51,712$0
Mr Jeffery S YagerTrustee
Trustee or director
2$46,486$0
Dr Brian AutryTrustee & Adjunct Professor
Trustee or director
27$44,000$0
Dr John Borek JrTrustee & Adjunct Professor
Trustee or director
27$40,600$0
Mr Chris RhodenhizerTrustee
Trustee or director
2$32,675$0
Dr Don CrainTrustee
Trustee or director
2$22,575$0
Evangelist William F GrahamTrustee
Trustee or director
2$11,900$0
Evangelist Tim LeeTrustee
Trustee or director
3$10,599$0
Mr Galen Peel SrTrustee
Trustee or director
2$1,385$0
Mr Duke WestoverTrustee
Trustee or director
2$1,125$0
Mr Carroll HudsonTrustee
Trustee or director
3$510$0
Dr Gene MimsTrustee
Trustee or director
2$510$0
Dr Allen McFarlandTrustee
Trustee or director
2$500$0
Ms Penny NanceTrustee
Trustee or director
2$500$0
Mr Jeffrey F BensonTrustee
Trustee or director
3$347$0
Mr Richard OsborneTrustee
Trustee or director
3$317$0
Mr John HeathTrustee
Trustee or director
2$260$0
Mrs Gaye Overton BensonTrustee
Trustee or director
2$250$0
Dr Dwight ReighardTrustee
Trustee or director
2$135$0
Dr Jerry VinesTrustee
Trustee or director
3$135$0
Dr Richard G LeeTrustee
Trustee or director
2$135$0
Dr Harold RawlingsTrustee
Trustee or director
2$125$0
Mr Will TinneyTrustee
Trustee or director
2$125$0
Ms Angela JordanTrustee
Trustee or director
2$0$0

Address and contacts

Address (IRS master file)
1971 UNIVERSITY BLVD, LYNCHBURG, VA 24515-0002
In care of
% DR ROBERT RITZ
Mailing address (990-N for 2018)
1971 University Blvd, Lynchburg VA 24515
Principal officer (990 for 2024)
DR ROBERT RITZ, 1971 UNIVERSITY BLVD, LYNCHBURG, VA 24515
Principal officer (990-N for 2018)
Gretchen Thennes, 1971 University Blvd, Lynchburg VA 24515
Signed the 990
DR ROBERT RITZ, CFO
Phone
(434) 592-4800
Return prepared by
BDO USA

Mission

LIBERTY UNIVERSITY, INC. IS A DISTINCTIVELY CHRISTIAN ACADEMIC COMMUNITY, WITH A MISSION OF PROVIDING QUALITY COLLEGIATE EDUCATION TRAINING CHAMPIONS FOR CHRIST.

990 for the year ended June 30, 2025

Program accomplishments

  • INSTRUCTION OF APPROXIMATELY 140,000 STUDENTS IN UNDERGRADUATE, GRADUATE, AND DOCTORAL PROGRAMS FOR BOTH THE ONLINE AND RESIDENTIAL PROGRAMS. SCHOLARSHIPS, GRANTS AND OTHER FINANCIAL ASSISTANCE ARE AWARDED TO ELIGIBLE STUDENTS BASED ON PROGRAM CRITERIA, WHICH INCLUDED SCHOLASTIC MERIT, ATHLETIC EXCELLENCE, ARTISTIC PERFORMANCE, FINANCIAL NEED, HIGH SCHOOL ATTENDED AND FIELD WORKED.
    Expenses $1,067,335,104 · grants $379,340,949 · revenue $1,490,032,244
  • LIBERTY UNIVERSITY MAINTAINS A CAMPUS BOOKSTORE, HOUSING AND DINING FACILITIES, TRANSPORTATION SERVICES, ATHLETIC FACILITIES, BROADCASTING FACILITIES AND OTHER SUPPORT SERVICES AND FACILITIES ADDING TO THE STUDENT EXPERIENCE.
    Expenses $231,074,675 · revenue $150,505,901

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
54-0946734
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
1974
Accounting year ends
June
Files
Form 990 or 990-EZ
Category (NTEE)
Education (B430)
Assets (IRS master file)
$5,085,879,052
Income (IRS master file)
$4,753,498,327

Filing history

FormYear endedRevenueExpensesAssetsReturn
990June 2025$1,939,920,591$1,528,685,670$5,085,879,052IRS
990-TJune 2025–––IRS
990June 2024$1,802,305,808$1,456,869,886$4,612,068,688IRS
990-TJune 2024–––IRS
990June 2023$1,565,676,548$1,381,066,428$4,157,125,287XML
990-TJune 2023–––IRS
990June 2022$1,594,106,664$1,284,086,793$3,991,603,424IRS
990-TJune 2022–––IRS
990June 2021–––IRS
990-TJune 2021–––IRS
990June 2020–––IRS
990-N for 2018
Officer: Gretchen Thennes
June 30, 2019≤ $50,000 receipts––e-Postcard
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 54-0946734).

Questions about LIBERTY UNIVERSITY INC

What is the EIN of LIBERTY UNIVERSITY INC?
The employer identification number (EIN) of LIBERTY UNIVERSITY INC is 54-0946734.
Is LIBERTY UNIVERSITY INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1974.
Are donations to LIBERTY UNIVERSITY INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does LIBERTY UNIVERSITY INC 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 LIBERTY UNIVERSITY INC 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 LIBERTY UNIVERSITY INC 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 LIBERTY UNIVERSITY INC?
The 990 for the year ended June 30, 2025 names DR ROBERT RITZ.
Who are the officers and directors of LIBERTY UNIVERSITY INC?
The 990 for the year ended June 30, 2025 lists 58 people; 39 received compensation from the organization, the highest $9,781,223 (Mr Jerry Falwell Jr, Former Trustee/Officer).
How much revenue does LIBERTY UNIVERSITY INC have?
On its 990 for the year ended June 30, 2025 it reported revenue of $1,939,920,591, expenses of $1,528,685,670 and total assets of $5,085,879,052 at year end.

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