Nonprofit · EIN 56-0657294
METHODIST UNIVERSITY INC
Tax-exempt · FAYETTEVILLE, NC 28311
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $91,298,028 | $82,464,398 | $8,833,630 | $151,459,933 | $27,639,322 | $123,820,611 |
| June 30, 2024 | 990 | $81,614,782 | $77,269,429 | $4,345,353 | $143,475,342 | $30,685,215 | $112,790,127 |
| June 30, 2023 | 990 | $76,476,345 | $74,154,899 | $2,321,446 | $135,441,683 | $30,958,393 | $104,483,290 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $9,992,946
- of which government grants
- $4,785,124
- Program service revenue
- $73,687,295
- Investment income
- $4,003,713
- Net gain from sales of assets
- $1,833,185
- Net income from fundraising events
- -$34,844
- Other revenue
- $3,614,074
Expenses
- Grants and similar amounts paid
- $27,879,285
- Compensation of officers, directors and key employees
- $2,091,588
- Other salaries and wages
- $25,802,688
- Salaries, compensation and benefits (total)
- $33,709,505
- Professional fundraising fees
- $0
- Legal fees
- $296,475
- Accounting fees
- $88,923
- Occupancy
- $5,103,497
- Travel
- $1,225,961
- Depreciation
- $4,129,434
- Program services (functional)
- $72,986,715
- Management and general (functional)
- $8,609,164
- Fundraising (functional)
- $868,519
Balance sheet and other
- Total assets, start of year
- $143,475,342
- Total assets, end of year
- $151,459,933
- Total liabilities, end of year
- $27,639,322
- Net assets, end of year
- $123,820,611
- Land, buildings and equipment
- $79,490,420
- Publicly traded securities
- $49,250,916
- Net assets without donor restrictions
- $76,179,352
- Net assets with donor restrictions
- $47,641,259
- Gross receipts
- $116,106,418
- Employees
- 1,111
- Volunteers
- 23
- Year formed
- 1956
- 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 | Other / benefits |
|---|---|---|---|---|
| STANLEY WEARDEN | PRESIDENT Officer | 40 | $372,544 | $16,477 |
| SUZANNE B MALLEY | PROVOST Officer | 40 | $250,264 | $13,099 |
| RICHARD G SWANSON | VP INST ADVANCEMENT Officer | 40 | $211,679 | $16,421 |
| JASON GREENE | CHIEF INFORMATION OFFICER Officer | 40 | $205,001 | $18,291 |
| SHEILA C KINSEY | VP PLAN&ADMIN / CHIEF OF STAFF Officer | 40 | $161,990 | $31,720 |
| DAWN F AUSBORN | CHIEF FINANCIAL OFFICER Officer | 40 | $175,516 | $14,113 |
| APRIL MARTIN | DIR OF PA STUDIES & ASST PROF Highest-paid employee | 40 | $150,523 | $12,219 |
| MEREDITH P GRONSKI | DEAN COLLEGE HEALTH & HUMAN SCIENCES Highest-paid employee | 40 | $140,955 | $15,609 |
| RICKY D LOWE | VP ENROLLMENT SERVICES Officer | 40 | $147,246 | $5,375 |
| TAT W CHAN | DEAN COLLEGE BUSINESS Highest-paid employee | 40 | $141,716 | $4,228 |
| JERLINDA ROSS | CHAIR & ASSOC PROF HEALTH SYSTEM SCIENCE Highest-paid employee | 40 | $140,789 | $5,036 |
| RICHARD S LEE IV | CHIEF FACILITIES OFFICER Highest-paid employee | 40 | $135,128 | $10,407 |
| WILLIAM H WALKER | VP STUDENT AFFAIRS Officer | 40 | $124,855 | $12,670 |
| KELLI W TAYLOR | VP MISSION INTEGRATION Officer | 40 | $109,842 | $17,461 |
| DAVID R EAVENSON | VP FOR ATHLETICS Officer | 40 | $103,430 | $4,947 |
23 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DR RAKESH GUPTA | CHAIR OF THE BOARD Trustee or director, Officer | 1 | $0 |
| MR TIMOTHY S RICHARDSON | VICE-CHAIR OF THE BOARD Trustee or director, Officer | 1 | $0 |
| MRS JENNIFER CLEVELAND ELAM | SECRETARY OF THE BOARD Trustee or director, Officer | 1 | $0 |
| THE HONORABLE JOHN W BROWN | TREASURER OF THE BOARD Trustee or director, Officer | 1 | $0 |
| DR MARY LYNN BRYAN | TRUSTEE Trustee or director | 1 | $0 |
| DR WILLIAM SCHAEFER | TRUSTEE Trustee or director | 1 | $0 |
| MR ANDREW SHUCK | TRUSTEE Trustee or director | 1 | $0 |
| MR CHARLES B HOLMES | TRUSTEE Trustee or director | 1 | $0 |
| MR D KEITH ALLISON | TRUSTEE Trustee or director | 1 | $0 |
| MR EARL D LEAKE | TRUSTEE Trustee or director | 1 | $0 |
| MR ELTON STANLEY | TRUSTEE Trustee or director | 1 | $0 |
| MR IRA M STEINGOLD ESQ | TRUSTEE Trustee or director | 1 | $0 |
| MR J DANIEL HIGHSMITH SR | TRUSTEE Trustee or director | 1 | $0 |
| MR JOHN MAC HEALY | TRUSTEE Trustee or director | 1 | $0 |
| MR JOHN W JAY WYATT III | TRUSTEE Trustee or director | 1 | $0 |
| MR PETER M BROOME | TRUSTEE Trustee or director | 1 | $0 |
| MR ROBERT HINES | TRUSTEE Trustee or director | 1 | $0 |
| MR SCOTT W WEATHINGTON | TRUSTEE Trustee or director | 1 | $0 |
| MR WALSON METZGER | TRUSTEE Trustee or director | 1 | $0 |
| MR WILLIAM R WEST SR | TRUSTEE Trustee or director | 1 | $0 |
| MRS JO BETH JOHNSON | TRUSTEE Trustee or director | 1 | $0 |
| MS MARGARET HIGHSMITH DICKSON | TRUSTEE Trustee or director | 1 | $0 |
| REV GILLIAM P GIL WISE | TRUSTEE Trustee or director | 1 | $0 |
990 for the year ended June 30, 2024: 39 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| STANLEY WEARDEN | PRESIDENT Officer | 40 | $370,607 | $13,431 |
| SUZANNE B MALLEY | PROVOST Officer | 40 | $241,404 | $14,318 |
| RICHARD G SWANSON | VP INST ADVANCEMENT Officer | 40 | $208,658 | $13,991 |
| SHEILA C KINSEY | VP PLAN&ADMIN / CHIEF OF STAFF Officer | 40 | $158,847 | $29,283 |
| DAWN F AUSBORN | CHIEF FINANCIAL OFFICER Officer | 40 | $172,032 | $12,120 |
| RICKY D LOWE | VP ENROLLMENT SERVICES Officer | 40 | $144,346 | $3,849 |
| BETH H CARTER | VICE PROVOST FOR ONLINE & EXT Highest-paid employee | 40 | $143,746 | $2,852 |
| TAT W CHAN | DEAN COLLEGE BUSINESS Highest-paid employee | 40 | $137,209 | $2,729 |
| WILLIAM H WALKER | VP STUDENT AFFAIRS Officer | 40 | $126,530 | $7,063 |
| GEORGE HOYT | DEAN COLLEGE HEALTH SCIENCES Highest-paid employee | 40 | $123,609 | $3,694 |
| KELLI W TAYLOR | VP MISSION INTEGRATION Officer | 40 | $113,023 | $10,690 |
| STACIA THOMPSON | DIRECTOR PHYSICAL THERAPY Highest-paid employee | 40 | $110,918 | $3,772 |
| LISA CASTLEBERRY | ASST. PROF. OF CLINICAL MED. Highest-paid employee | 40 | $110,139 | $733 |
| DAVID R EAVENSON | VP FOR ATHLETICS Officer | 40 | $101,217 | $3,009 |
| JASON GREENE | CHIEF INFORMATION OFFICER Officer | 40 | $79,364 | $4,059 |
| DR RAKESH GUPTA | CHAIR OF THE BOARD Trustee or director, Officer | 1 | $0 | $0 |
| MR TIMOTHY S RICHARDSON | VICE-CHAIR OF THE BOARD Trustee or director, Officer | 1 | $0 | $0 |
| MRS JENNIFER CLEVELAND ELAM | SECRETARY OF THE BOARD Trustee or director, Officer | 1 | $0 | $0 |
| THE HONORABLE JOHN W BROWN | TREASURER OF THE BOARD Trustee or director, Officer | 1 | $0 | $0 |
| MR D KEITH ALLISON | TRUSTEE Trustee or director | 1 | $0 | $0 |
| MR HOWARD ARDEN | TRUSTEE Trustee or director | 1 | $0 | $0 |
| MR PETER M BROOME | TRUSTEE Trustee or director | 1 | $0 | $0 |
| DR MARY LYNN BRYAN | TRUSTEE Trustee or director | 1 | $0 | $0 |
| MSMARGARET HIGHSMITH DICKSON | TRUSTEE Trustee or director | 1 | $0 | $0 |
| MR JOHN MAC HEALY | TRUSTEE Trustee or director | 1 | $0 | $0 |
| MR J DANIEL HIGHSMITH SR | TRUSTEE Trustee or director | 1 | $0 | $0 |
| MR ROBERT HINES | TRUSTEE Trustee or director | 1 | $0 | $0 |
| MR CHARLES B HOLMES | TRUSTEE Trustee or director | 1 | $0 | $0 |
| MRS JO BETH JOHNSON | TRUSTEE Trustee or director | 1 | $0 | $0 |
| MR EARL D LEAKE | TRUSTEE Trustee or director | 1 | $0 | $0 |
| DR WILLIAM SCHAEFER | TRUSTEE Trustee or director | 1 | $0 | $0 |
| MR ANDREW SHUCK | TRUSTEE Trustee or director | 1 | $0 | $0 |
| MR ELTON STANLEY | TRUSTEE Trustee or director | 1 | $0 | $0 |
| MR IRA M STEINGOLD ESQ | TRUSTEE Trustee or director | 1 | $0 | $0 |
| MR JAMES J TOWNSEND | TRUSTEE Trustee or director | 1 | $0 | $0 |
| MR SCOTT W WEATHINGTON | TRUSTEE Trustee or director | 1 | $0 | $0 |
| MR WILLIAM R WEST SR | TRUSTEE Trustee or director | 1 | $0 | $0 |
| REV GILLIAM GIL P WISE | TRUSTEE Trustee or director | 1 | $0 | $0 |
| MR JOHN W JAY WYATT III | TRUSTEE Trustee or director | 1 | $0 | $0 |
990 for the year ended June 30, 2023: 43 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| STANLEY WEARDEN | PRESIDENT Officer | 40 | $363,092 | $13,894 |
| SUZANNE B MALLEY | PROVOST Officer | 40 | $234,383 | $16,345 |
| RICHARD G SWANSON | VP INST ADVANCEMENT Officer | 40 | $205,591 | $13,438 |
| SHEILA C KINSEY | VP PLAN&ADMIN / CHIEF OF STAFF Officer | 40 | $156,324 | $28,158 |
| DAWN F AUSBORN | CHIEF FINANCIAL OFFICER Officer | 40 | $172,770 | $11,383 |
| RICKY D LOWE | VP FOR ENROLLMENT SERVICES Officer | 40 | $143,898 | $3,839 |
| TAT W CHAN | DEAN COLLEGE BUSINESS Highest-paid employee | 40 | $136,538 | $2,716 |
| BETH H CARTER | VICE PROVOST FOR ONLINE & EXT Officer | 40 | $134,109 | $2,660 |
| WILLIAM H WALKER | VP STUDENT AFFAIRS Officer | 40 | $126,559 | $6,984 |
| KIMBERLY E SCRUTON | ASSOC PROF OF EDUCATION Highest-paid employee | 40 | $111,415 | $15,103 |
| KELLI W TAYLOR | VP MISSION INTEGRATION Officer | 40 | $108,966 | $10,693 |
| MEREDITH P GRONSKI | ASSOC PROF OF OT Highest-paid employee | 40 | $110,435 | $7,742 |
| DENISE BAUER | PROFESSOR OF ENGINEERING Highest-paid employee | 40 | $103,613 | $4,788 |
| DAVID R EAVENSON | VP FOR ATHLETICS Officer | 40 | $101,227 | $2,999 |
| DR RAKESH GUPTA | CHAIR OF THE BOARD Trustee or director, Officer | 1 | $0 | $0 |
| MR TIMOTHY S RICHARDSON | VICE-CHAIR OF THE BOARD Trustee or director, Officer | 1 | $0 | $0 |
| MRS JENNIFER CLEVELAND ELAM | SECRETARY OF THE BOARD Trustee or director, Officer | 1 | $0 | $0 |
| THE HONORABLE JOHN W BROWN | TREASURER OF THE BOARD Trustee or director, Officer | 1 | $0 | $0 |
| MR D KEITH ALLISON | TRUSTEE Trustee or director | 1 | $0 | $0 |
| MR HOWARD ARDEN | TRUSTEE Trustee or director | 1 | $0 | $0 |
| MR PETER M BROOME | TRUSTEE Trustee or director | 1 | $0 | $0 |
| DR MARY LYNN BRYAN | TRUSTEE Trustee or director | 1 | $0 | $0 |
| MR A HOWARD BULLARD JR | TRUSTEE Trustee or director | 1 | $0 | $0 |
| MS MARGARET HIGHSMITH DICKSON | TRUSTEE Trustee or director | 1 | $0 | $0 |
| DR LOLETA WOOD FOSTER | TRUSTEE Trustee or director | 1 | $0 | $0 |
| MR JOHN MAC HEALY | TRUSTEE Trustee or director | 1 | $0 | $0 |
| MR J DANIEL HIGHSMITH SR | TRUSTEE Trustee or director | 1 | $0 | $0 |
| MR ROBERT HINES | TRUSTEE Trustee or director | 1 | $0 | $0 |
| MR CHARLES B HOLMES | TRUSTEE Trustee or director | 1 | $0 | $0 |
| MRS JO BETH JOHNSON | TRUSTEE Trustee or director | 1 | $0 | $0 |
| MR EDWARD T TUNA KEIL | TRUSTEE Trustee or director | 1 | $0 | $0 |
| MR EARL D LEAKE | TRUSTEE Trustee or director | 1 | $0 | $0 |
| MR R WILLIFORD MCCAULEY | TRUSTEE Trustee or director | 1 | $0 | $0 |
| DR WILLIAM SCHAEFER | TRUSTEE Trustee or director | 1 | $0 | $0 |
| MR ANDREW SHUCK | TRUSTEE Trustee or director | 1 | $0 | $0 |
| MR ELTON STANLEY | TRUSTEE Trustee or director | 1 | $0 | $0 |
| MR IRA M STEINGOLD ESQ | TRUSTEE Trustee or director | 1 | $0 | $0 |
| MR JAMES J TOWNSEND | TRUSTEE Trustee or director | 1 | $0 | $0 |
| MR SCOTT WEATHINGTON | TRUSTEE Trustee or director | 1 | $0 | $0 |
| MR WILLIAM R WEST SR | TRUSTEE Trustee or director | 1 | $0 | $0 |
| REV GILLIAM GIL P WISE | TRUSTEE Trustee or director | 1 | $0 | $0 |
| DR HARVEY T WRIGHT II | TRUSTEE Trustee or director | 1 | $0 | $0 |
| MR JOHN W JAY WYATT III | TRUSTEE Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 5400 RAMSEY ST, FAYETTEVILLE, NC 28311-1420
- In care of
- % DAWN AUSBORN
- Principal officer (990 for 2024)
- STANLEY T WEARDEN, 5400 RAMSEY ST, FAYETTEVILLE, NC 28311
- Signed the 990
- DAWN F AUSBORN, CFO
- Phone
- (910) 630-7000
- Website
- WWW.METHODIST.EDU
- Return prepared by
- BDO USA
Mission
THE PURPOSE OF METHODIST UNIVERSITY IS TO PROVIDE AN UNDERGRADUATE AND GRADUATE EDUCATION FIRMLY GROUNDED IN THE LIBERAL ARTS TRADITION, THAT NURTURES MORAL VALUES & ETHICAL DECISION-MAKING; TO PROVIDE DISTINCTIVE PROFESSIONAL & GRADUATE PROGRAMS THAT COMPLEMENT THE EDUCATIONAL PURSUITS.
Program accomplishments
- POST SECONDARY EDUCATION: METHODIST UNIVERSITY PROVIDES BOTH UNDERGRADUATE AND GRADUATE EDUCATION, FOUNDED IN LIBERAL ARTS, TO APPROXIMATELY 1,800 STUDENTS. THE UNIVERSITY'S PROGRAMS ARE CONCENTRATED IN ARTS & HUMANITIES, SCIENCE & HUMAN DEVELOPMENT, BUSINESS & GRADUATE STUDIES, AND BOAST NATIONALLY RENOWNED PROGRAMS SUCH AS THE PHYSICIAN ASSISTANCE PROGRAM. THE UNIVERSITY IS A FULLY-ACCREDITED MEMBER OF THE SOUTHERN ASSOCIATION OF COLLEGES & SCHOOLS COMMISSION ON COLLEGES.Expenses $63,870,625 · grants $27,879,285 · revenue $62,952,461
- AUXILIARY SERVICES: THE UNIVERSITY'S AUXILIARY ENTERPRISES, INCLUDING RESIDENCE HALLS, DINING FACILITIES, AND A BOOKSTORE, SERVE TO PROVIDE A SUPPORT SYSTEM TO THE STUDENTS.Expenses $9,116,090 · revenue $10,734,834
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
- 56-0657294
- 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
- 2009
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B03)
- Assets (IRS master file)
- $151,459,933
- Income (IRS master file)
- $116,106,418
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $91,298,028 | $82,464,398 | $151,459,933 | IRS |
| 990 | June 2024 | $81,614,782 | $77,269,429 | $143,475,342 | XML |
| 990 | June 2023 | $76,476,345 | $74,154,899 | $135,441,683 | XML |
| 990 | June 2022 | $89,510,877 | $74,554,407 | $132,260,615 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | 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 56-0657294).
Questions about METHODIST UNIVERSITY INC
- What is the EIN of METHODIST UNIVERSITY INC?
- The employer identification number (EIN) of METHODIST UNIVERSITY INC is 56-0657294.
- Is METHODIST UNIVERSITY INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2009.
- Are donations to METHODIST UNIVERSITY INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does METHODIST 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 METHODIST 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 METHODIST 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 METHODIST UNIVERSITY INC?
- The 990 for the year ended June 30, 2025 names STANLEY T WEARDEN.
- Who are the officers and directors of METHODIST UNIVERSITY INC?
- The 990 for the year ended June 30, 2025 lists 38 people; 15 received compensation from the organization, the highest $372,544 (STANLEY WEARDEN, PRESIDENT).
- How much revenue does METHODIST UNIVERSITY INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $91,298,028, expenses of $82,464,398 and total assets of $151,459,933 at year end.
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