Nonprofit · EIN 56-0594591
CAROLINA UNIVERSITY
Tax-exempt · WINSTON SALEM, NC 27101
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $18,917,108 | $20,162,322 | -$1,245,214 | $6,145,221 | $7,832,036 | -$1,686,815 |
| June 30, 2024 | 990 | $15,772,748 | $19,326,448 | -$3,553,700 | $7,439,894 | $6,210,188 | $1,229,706 |
| June 30, 2023 | 990 | $18,789,212 | $18,011,849 | $777,363 | $17,964,166 | $12,731,357 | $5,232,809 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $1,121,627
- Program service revenue
- $16,518,674
- Investment income
- -$8,966
- Net gain from sales of assets
- -$15,917
- Other revenue
- $1,285,773
Expenses
- Grants and similar amounts paid
- $6,655,796
- Compensation of officers, directors and key employees
- $469,502
- Other salaries and wages
- $6,046,058
- Salaries, compensation and benefits (total)
- $7,506,753
- Professional fundraising fees
- $0
- Travel
- $165,939
- Depreciation
- $294,730
- Program services (functional)
- $17,316,916
- Management and general (functional)
- $2,116,321
- Fundraising (functional)
- $729,085
Balance sheet and other
- Total assets, start of year
- $7,439,894
- Total assets, end of year
- $6,145,221
- Total liabilities, end of year
- $7,832,036
- Net assets, end of year
- -$1,686,815
- Land, buildings and equipment
- $3,127,583
- Publicly traded securities
- $21,082
- Net assets without donor restrictions
- -$1,686,815
- Gross receipts
- $18,933,025
- Employees
- 369
- Volunteers
- 4
- Year formed
- 1947
- State of legal domicile
- NC
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.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| PETITT CHARLES | PRESIDENT/CEO (FORMER) Officer | 40 | $213,013 |
| ZUNIGA REGINA | CHIEF OPERATING OFFICER Officer | 40 | $90,290 |
| RONK CHRISTOPHER | CHIEF FINANCIAL OFFICER (FORMER) Officer | 40 | $86,569 |
| WILLIAMS WILLIE | VP STUDENT SERVICES Officer | 40 | $79,630 |
| BURDETTE BRUCE | TRUSTEE Trustee or director | 1 | $0 |
| CANTERBURY TIM | TRUSTEE Trustee or director | 1 | $0 |
| CALLOWAY THOMAS | TRUSTEE Trustee or director | 1 | $0 |
| LEAK CHRIS | TRUSTEE Trustee or director | 1 | $0 |
| MAXWELL THYAIS | TRUSTEE Trustee or director | 1 | $0 |
| RIGNEY BENJAMIN | TRUSTEE Trustee or director | 1 | $0 |
| WALKER MARK | TRUSTEE Trustee or director | 1 | $0 |
| COPELAND JASON | TREASURER Trustee or director, Officer | 1 | $0 |
| REY ANA SILVA | SECRETARY Trustee or director, Officer | 1 | $0 |
| KIMBROUGH BOBBY | VICE CHAIR Trustee or director, Officer | 1 | $0 |
| WILBURN SHAHN | CHAIRMAN OF THE BOARD Trustee or director, Officer | 1 | $0 |
2 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| BURKARD HEATHER | PRESIDENT Officer | 40 | $0 |
| ARCHINYA INGRAM | CHIEF FINANCIAL OFFICER Officer | 40 | $0 |
990 for the year ended June 30, 2024: 15 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| PETITT CHARLES | PRESIDENT/CEO Officer | 40 | $183,615 |
| BURKARD HEATHER | PROVOST Officer | 40 | $105,625 |
| RONK CHRISTOPHER | CHIEF FINANCIAL OFFICER Officer | 40 | $73,642 |
| WILLIAMS WILLIE | VP STUDENT SERVICES Officer | 40 | $65,248 |
| ZUNIGA REGINA | CHIEF OPERATING OFFICER Officer | 40 | $65,185 |
| BURDETTE BRUCE | TRUSTEE Trustee or director | 1 | $0 |
| CANTERBURY TIM | TRUSTEE Trustee or director | 1 | $0 |
| CALLOWAY THOMAS | TRUSTEE Trustee or director | 1 | $0 |
| KIMBROUGH BOBBY | TRUSTEE Trustee or director | 1 | $0 |
| RAWLINGS HERB | TRUSTEE Trustee or director | 1 | $0 |
| RIGNEY BENJAMIN | TRUSTEE Trustee or director | 1 | $0 |
| WALKER MARK | TRUSTEE Trustee or director | 1 | $0 |
| WILLIAMS GEORGE ABIE | TREASURER Trustee or director, Officer | 1 | $0 |
| REY ANA SILVA | SECRETARY Trustee or director, Officer | 1 | $0 |
| WILBURN SHAHN | CHAIRMAN OF THE BOARD Trustee or director, Officer | 1 | $0 |
990 for the year ended June 30, 2023: 16 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Petitt Charles | President/CEO Officer | 40 | $138,730 |
| Burkard Heather | Provost Officer | 40 | $74,117 |
| Ronk Christopher | Chief Financial Officer Officer | 40 | $73,856 |
| Williams Willie | VP Student Services Officer | 40 | $56,860 |
| Zuniga Regina | Chief Operating Officer Officer | 40 | $55,722 |
| Argano Matt | Trustee Trustee or director | 1 | $0 |
| Burdette Bruce | Trustee Trustee or director | 1 | $0 |
| Decker Rob | Trustee Trustee or director | 1 | $0 |
| Kimbrough Bobby | Trustee Trustee or director | 1 | $0 |
| Mitchener Mike | Trustee Trustee or director | 1 | $0 |
| Rawlings Herb | Trustee Trustee or director | 1 | $0 |
| Traxler Dale | Trustee Trustee or director | 1 | $0 |
| Williams George Abie | Trustee Trustee or director | 1 | $0 |
| Alford Tony | Treasurer Trustee or director, Officer | 1 | $0 |
| Bryson Dana Lu | Secretary Trustee or director, Officer | 1 | $0 |
| Wilburn Shahn | Chairman of the Board Trustee or director, Officer | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 420 S BROAD ST, WINSTON SALEM, NC 27101-5025
- Principal officer (990 for 2024)
- DR HEATHER BURKARD, 420 SOUTH BROAD STREET, WINSTONSALEM, NC 27101
- Signed the 990
- ARCHINYA INGRAM, CHIEF FINANCIAL OFFICER
- Phone
- (336) 725-8344
- Return prepared by
- HAYNES DOWNARD LLP
Mission
A CHRIST-CENTERED UNIVERSITY COMMITTED TO EXCEPTIONAL TEACHING, SCHOLARLY RESEARCH, CREATIVE INNOVATION, AND PROFESSIONAL COLLABORATION.
Program accomplishments
- INSTRUCTION, ACADEMIC SUPPORT, AND STUDENT SERVICES ASSOCIATED WITH THE PROVISION OF ASSOCIATE, BACCALAUREATE, MASTER, AND DOCTORAL PROGRAMS IN RESIDENT AND ONLINE FORMATS.Expenses $14,119,794 · grants $6,655,796 · revenue $13,172,428
- AUXILIARY AND OTHER SERVICES IN REGARD TO THE UNIVERSITY'S PROVISION FOR HIGHER EDUCATION INCLUDING DORMITORIES, FOOD SERVICE, BOOKSTORE, SPORTING EVENTS, AND OTHER MISCELLANEOUS STUDENT SERVICE.Expenses $3,197,122 · revenue $3,632,019
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 year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 56-0594591
- 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
- 1947
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B40)
- Assets (IRS master file)
- $6,145,221
- Income (IRS master file)
- $18,933,025
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $18,917,108 | $20,162,322 | $6,145,221 | IRS |
| 990 | June 2024 | $15,772,748 | $19,326,448 | $7,439,894 | IRS |
| 990 | June 2023 | $18,789,212 | $18,011,849 | $17,964,166 | XML |
| 990 | June 2022 | $15,458,525 | $16,165,709 | $17,637,146 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 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 56-0594591).
Questions about CAROLINA UNIVERSITY
- What is the EIN of CAROLINA UNIVERSITY?
- The employer identification number (EIN) of CAROLINA UNIVERSITY is 56-0594591.
- Is CAROLINA UNIVERSITY tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1947.
- Are donations to CAROLINA UNIVERSITY tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does CAROLINA 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 CAROLINA 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 CAROLINA 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 CAROLINA UNIVERSITY?
- The 990 for the year ended June 30, 2025 names DR HEATHER BURKARD.
- Who are the officers and directors of CAROLINA UNIVERSITY?
- The 990 for the year ended June 30, 2025 lists 17 people; 4 received compensation from the organization, the highest $213,013 (PETITT CHARLES, PRESIDENT/CEO (FORMER)).
- How much revenue does CAROLINA UNIVERSITY have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $18,917,108, expenses of $20,162,322 and total assets of $6,145,221 at year end.
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All nonprofits in WINSTON SALEM · North Carolina · Education