Nonprofit · EIN 57-0314380
CONVERSE UNIVERSITY
Tax-exempt · SPARTANBURG, SC 29302
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $50,688,632 | $47,603,490 | $3,085,142 | $175,006,278 | $29,233,366 | $145,772,912 |
| June 30, 2024 | 990 | $41,481,296 | $43,343,974 | -$1,862,678 | $174,133,562 | $36,922,598 | $137,210,964 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $12,095,068
- Program service revenue
- $32,938,811
- Investment income
- $5,597,954
- Net rental income
- $39,379
- Net gain from sales of assets
- $2,634,846
- Net income from fundraising events
- $17,420
- Other revenue
- $56,799
Expenses
- Grants and similar amounts paid
- $10,212,170
- Compensation of officers, directors and key employees
- $772,310
- Other salaries and wages
- $14,830,080
- Salaries, compensation and benefits (total)
- $19,171,428
- Professional fundraising fees
- $30,000
- Legal fees
- $32,678
- Accounting fees
- $82,175
- Occupancy
- $2,471,531
- Travel
- $159,601
- Depreciation
- $3,441,380
- Program services (functional)
- $40,118,204
- Management and general (functional)
- $5,624,015
- Fundraising (functional)
- $1,861,271
Balance sheet and other
- Total assets, start of year
- $174,133,562
- Total assets, end of year
- $175,006,278
- Total liabilities, end of year
- $29,233,366
- Net assets, end of year
- $145,772,912
- Land, buildings and equipment
- $50,751,724
- Publicly traded securities
- $61,501,110
- Net assets without donor restrictions
- $47,177,778
- Net assets with donor restrictions
- $98,595,134
- Gross receipts
- $65,243,475
- Employees
- 666
- Volunteers
- 28
- Year formed
- 1889
- State of legal domicile
- SC
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 |
|---|---|---|---|---|
| DR BOONE HOPKINS | PRESIDENT Officer | 40 | $260,915 | $52,752 |
| KRISTIN LACEY | VP OPERATIONS & CFO Officer | 40 | $162,772 | $36,945 |
| KESHIA JACKSON GILLIAM | ASSOCIATE VP OF HUMAN RESOURCES Highest-paid employee | 40 | $108,388 | $32,765 |
| WILL CASE | PROVOST Officer | 40 | $112,466 | $15,653 |
| CORI MCCLURE | CHIEF INFORMATION OFFICER Highest-paid employee | 40 | $102,482 | $22,806 |
| KIM JOLLEY | ASSISTANT VP FOR PHILANTHROPY Highest-paid employee | 40 | $106,738 | $10,852 |
| JAMIE GRANT-PONCE | VP FOR ENROLLMENT MANAGEMENT Officer | 40 | $100,956 | $11,933 |
| WALLACE PRESTWOOD | CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| LINDA REDDING | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| CHRISTY STONER | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| ALLEN SMITH | TRUSTEE Trustee or director | 1 | $0 | $0 |
| BRANT BYNUM | TRUSTEE Trustee or director | 1 | $0 | $0 |
| BRELAN MONTGOMERY | TRUSTEE Trustee or director | 1 | $0 | $0 |
| CHRIS CANNON | TRUSTEE Trustee or director | 1 | $0 | $0 |
| DAVID SMART | TRUSTEE Trustee or director | 1 | $0 | $0 |
20 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DAWN DECK | TRUSTEE Trustee or director | 1 | $0 |
| DWIGHT VAN INWEGEN | TRUSTEE Trustee or director | 1 | $0 |
| EMILY RUSHING | TRUSTEE Trustee or director | 1 | $0 |
| FAIN MCDANIEL | TRUSTEE Trustee or director | 1 | $0 |
| JAY LYNCH | TRUSTEE Trustee or director | 1 | $0 |
| KARLA JONES | TRUSTEE Trustee or director | 1 | $0 |
| KATHERINE FULMER | TRUSTEE Trustee or director | 1 | $0 |
| KIM KENT | TRUSTEE Trustee or director | 1 | $0 |
| LOUIS SMITH | TRUSTEE Trustee or director | 1 | $0 |
| LYNN PETTUS | TRUSTEE Trustee or director | 1 | $0 |
| MICHEL STONE | TRUSTEE Trustee or director | 1 | $0 |
| PAUL COTE | TRUSTEE Trustee or director | 1 | $0 |
| RHONDA COKER | TRUSTEE Trustee or director | 1 | $0 |
| SANDRA MORELLI | TRUSTEE Trustee or director | 1 | $0 |
| SANDRA WATSON | TRUSTEE Trustee or director | 1 | $0 |
| SHANNON JAYNES | TRUSTEE Trustee or director | 1 | $0 |
| STEVE JOHNSON | TRUSTEE Trustee or director | 1 | $0 |
| STINSON FERGUSON | TRUSTEE Trustee or director | 1 | $0 |
| PALMER BALL | TRUSTEE - EX OFFICIO Trustee or director | 1 | $0 |
| VALERIE DOWLING | TRUSTEE - EX OFFICIO Trustee or director | 1 | $0 |
990 for the year ended June 30, 2024: 34 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| DR BOONE HOPKINS | PRESIDENT Officer | 40 | $253,415 | $50,066 |
| JOSEPH WILFERTH | PROVOST Officer | 40 | $169,612 | $22,542 |
| KRISTIN LACEY | VP OPERATIONS & CFO Officer | 40 | $150,050 | $30,275 |
| MICHAEL PASQUARELLA | VP INST. ADVANCEMENT TO 7/23 Officer | 40 | $126,906 | $13,261 |
| KESHIA JACKSON GILLIAM | ASST PROFESSOR OF EDUCATION Highest-paid employee | 40 | $102,968 | $24,674 |
| JAMIE GRANT | VP FOR ENROLLMENT MANAGEMENT Officer | 40 | $91,772 | $9,293 |
| JOHN Z CORBITT | CHIEF INFORMATION OFFICER Officer | 40 | $75,410 | $1,495 |
| WALLACE PRESTWOOD | CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| LINDA REDDING | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| SANDRA HARTNETT | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| BRANT BYNUM | TRUSTEE Trustee or director | 1 | $0 | $0 |
| CHRIS CANNON | TRUSTEE Trustee or director | 1 | $0 | $0 |
| RHONDA COKER | TRUSTEE Trustee or director | 1 | $0 | $0 |
| PAUL COTE | TRUSTEE Trustee or director | 1 | $0 | $0 |
| DAWN DECK | TRUSTEE Trustee or director | 1 | $0 | $0 |
| STINSON FERGUSON | TRUSTEE Trustee or director | 1 | $0 | $0 |
| KATHERINE FULMER | TRUSTEE Trustee or director | 1 | $0 | $0 |
| DR PADRICA HOPKINS | TRUSTEE Trustee or director | 1 | $0 | $0 |
| STEPHEN JOHNSON | TRUSTEE Trustee or director | 1 | $0 | $0 |
| KARLA JONES | TRUSTEE Trustee or director | 1 | $0 | $0 |
| KIM KENT | TRUSTEE Trustee or director | 1 | $0 | $0 |
| FAIN MCDANIEL | TRUSTEE Trustee or director | 1 | $0 | $0 |
| BRELAN MONTGOMERY | TRUSTEE Trustee or director | 1 | $0 | $0 |
| AMY MORALES | TRUSTEE Trustee or director | 1 | $0 | $0 |
| SANDRA MORELLI | TRUSTEE Trustee or director | 1 | $0 | $0 |
| TINA ROHNER | TRUSTEE Trustee or director | 1 | $0 | $0 |
| EMILY RUSHING | TRUSTEE Trustee or director | 1 | $0 | $0 |
| DAVID SMART | TRUSTEE Trustee or director | 1 | $0 | $0 |
| ALLEN SMITH | TRUSTEE Trustee or director | 1 | $0 | $0 |
| LOUIS SMITH | TRUSTEE Trustee or director | 1 | $0 | $0 |
| CHRISTY STONER | TRUSTEE Trustee or director | 1 | $0 | $0 |
| DWIGHT VAN INWEGEN | TRUSTEE Trustee or director | 1 | $0 | $0 |
| PALMER BALL | TRUSTEE - EX OFFICIO Trustee or director | 1 | $0 | $0 |
| LIBBY TILSON | TRUSTEE - EX OFFICIO Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 580 EAST MAIN STREET 205 CARNEGIE B, SPARTANBURG, SC 29302-1931
- In care of
- % BUSINESS OFFICE
- Principal officer (990 for 2024)
- DR BOONE HOPKINS, 580 EAST MAIN STREET, SPARTANBURG, SC 29302
- Signed the 990
- DR BOONE HOPKINS, PRESIDENT
- Phone
- (864) 596-9000
- Return prepared by
- CHERRY BEKAERT ADVISORY LLC
Mission
CONVERSE UNIVERSITY IS A LIBERAL ARTS COLLEGE WHICH OFFERS CO-ED UNDERGRADUATE AND GRADUATE DEGREES. CONVERSE ADVANCES A CULTURE OF BELONGING AND COLLABORATION THAT IGNITES CREATIVITY, INNOVATION, AND TRANSFORMATION.
Program accomplishments
- THE PRIMARY MISSION OF CONVERSE UNIVERSITY IS TO EMPOWER STUDENTS TO BECOME TRANSFORMATIVE LEADERS WHO SEE CLEARLY, DECIDE WISELY, AND ACT JUSTLY. CONVERSE UNIVERSITY PROVIDES A LIBERAL ARTS EDUCATION OF CO-ED UNDERGRADUATE STUDENTS IN A RESIDENTIAL SETTING. STUDENTS PURSUE RICHLY DIVERSE PROGRAMS IN LIBERAL ARTS AND CAREER PREPARATIONS. TODAY, INNOVATIVE PROGRAMS FOR GRADUATE AND DOCTORAL ADVANCED STUDY COMPLEMENT THE UNDERGRADUATE PROGRAM. ADDITIONALLY, THE CONVERSE COLLEGE FOR WOMEN REAFFIRMS THE FOUNDER'S CONVICTION THAT A SMALL UNDERGRADUATE RESIDENTIAL LIBERAL ARTS COLLEGE IS A UNIQUELY POWERFUL ENVIRONMENT FOR DEVELOPING WOMEN'S TALENTS.Expenses $34,100,473 · grants $10,212,170 · revenue $26,114,777
- CONVERSE UNIVERSITY IS A RESIDENTIAL UNIVERSITY, MEANING ON-CAMPUS LIVING IS A VALUABLE EXPERIENCE WHERE IN AND OUT OF CLASS LEARNING MERGE. FROM HISTORIC CHARM TO MODERN EASE, CONVERSE'S RESIDENCE HALLS OFFER DIVERSE OPTIONS TO SUIT THE NEEDS AND PREFERENCES OF TODAY'S STUDENTS. LIVING IN A RESIDENCE HALL COMMUNITY OFFERS STUDENTS OPPORTUNITIES TO LEARN ABOUT THEMSELVES AND OTHERS. EACH RESIDENCE HALL HAS STUDENT DEVELOPMENT STAFF, PROGRAMMING AND FACILITIES AVAILABLE TO HELP EACH STUDENT. CONVERSE'S RESIDENTIAL COMMUNITIES ARE MORE THAN JUST PLACES TO HANG OUT WHEN STUDENTS AREN'T IN CLASS. THEY ARE WHERE STUDENTS FEEL THE MOST AT HOME AND DEVELOP RELATIONSHIPS WITH PEERS IN A COMMUNITY.Expenses $6,017,731 · revenue $6,824,034
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
- 57-0314380
- 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
- 1937
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B430)
- Assets (IRS master file)
- $175,006,278
- Income (IRS master file)
- $65,243,475
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | – | – | – | IRS |
| 990 | June 2024 | – | – | – | IRS |
| 990 | June 2023 | $34,748,113 | $40,457,060 | $166,255,853 | IRS |
| 990 | June 2022 | $42,193,359 | $41,068,699 | $167,325,059 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
990-N: the IRS publishes only the latest e-Postcard per organization; earlier years appear here as 990.tax collects the monthly files. 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.
Questions about CONVERSE UNIVERSITY
- What is the EIN of CONVERSE UNIVERSITY?
- The employer identification number (EIN) of CONVERSE UNIVERSITY is 57-0314380.
- Is CONVERSE UNIVERSITY tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1937.
- Are donations to CONVERSE UNIVERSITY tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does CONVERSE 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 CONVERSE 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 CONVERSE 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 CONVERSE UNIVERSITY?
- The 990 for the year ended June 30, 2025 names DR BOONE HOPKINS.
- Who are the officers and directors of CONVERSE UNIVERSITY?
- The 990 for the year ended June 30, 2025 lists 35 people; 7 received compensation from the organization, the highest $260,915 (DR BOONE HOPKINS, PRESIDENT).
- How much revenue does CONVERSE UNIVERSITY have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $50,688,632, expenses of $47,603,490 and total assets of $175,006,278 at year end.
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