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Nonprofit · EIN 57-0314395

FURMAN UNIVERSITY

Tax-exempt · GREENVILLE, SC 29613

Financials

$223.2M$256.1M2022$288.9M$270.1M2023$296.9M$280.1M2024
Revenue Expenses · by fiscal year end
Financials of FURMAN UNIVERSITY by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
June 30, 2025990$296,850,871$280,054,127$16,796,744$1,449,547,125$269,707,562$1,179,839,563
June 30, 2024990$288,883,583$270,132,887$18,750,696$1,399,667,880$269,319,882$1,130,347,998
June 30, 2023990$223,194,398$256,073,141-$32,878,743$1,280,396,314$186,472,531$1,093,923,783
Financial details: 990 for the year ended June 30, 2025

Revenue

Contributions, gifts and grants
$38,102,756
of which government grants
$4,148,316
Program service revenue
$194,004,922
Investment income
$64,412,741
Net rental income
$168,279
Net gain from sales of assets
$47,573,844
Net income from fundraising events
$49,330
Other revenue
$330,452

Expenses

Grants and similar amounts paid
$92,973,746
Compensation of officers, directors and key employees
$3,804,294
Other salaries and wages
$64,934,674
Salaries, compensation and benefits (total)
$93,271,351
Professional fundraising fees
$0
Legal fees
$452,831
Accounting fees
$154,650
Occupancy
$1,608,141
Travel
$10,594,782
Depreciation
$17,060,854
Program services (functional)
$250,233,669
Management and general (functional)
$24,582,709
Fundraising (functional)
$5,237,749

Balance sheet and other

Total assets, start of year
$1,399,667,880
Total assets, end of year
$1,449,547,125
Total liabilities, end of year
$269,707,562
Net assets, end of year
$1,179,839,563
Land, buildings and equipment
$383,322,921
Publicly traded securities
$120,399,214
Net assets without donor restrictions
$379,016,711
Net assets with donor restrictions
$800,822,852
Gross unrelated business income
-$502,356
Gross receipts
$614,481,625
Employees
2,357
Volunteers
31
Year formed
1826
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.

NameTitleHours / weekCompensationOther / benefits
ROBERT RICHEYMEN'S HEAD BASKETBALL COACH
Highest-paid employee
40$760,270$67,410
DR ELIZABETH DAVISPRESIDENT
Officer
40$633,775$69,198
SUSAN MADDUXVP FOR FIN & ADMIN
Officer
40$415,651$47,764
CLAYTON HENDRIXHEAD FOOTBALL COACH
Highest-paid employee
40$387,885$68,683
ROBERT KENNEYCHIEF INVESTMENT OFFICER
Key employee
40$317,843$68,501
JASON DONNELLYVP FOR INTERCOLLEGIATE ATHLETICS
Officer
40$315,039$69,193
BETH PONTARIVP FOR ACAD AFFAIRS & PROVOST
Officer
40$303,493$60,212
THOMAS EVELYN IIVP FOR UNI COMM (THRU 3/25)
Officer
40$303,631$54,757
CONNIE L CARSONVP FOR STUDENT LIFE
Officer
40$298,635$43,157
HEIDI MCCRORYVP FOR DEV (THRU 10/24)
Officer
40$242,138$45,778
DANNY TANGCHIEF INFO OFFICER (THRU 1/25)
Highest-paid employee
40$222,257$51,825
EMILY SCHUCKVP OF ENROLLMENT MANAGEMENT
Officer
40$212,966$57,763
GEORGE SHIELDSPROFESSOR OF CHEMISTRY
Highest-paid employee
40$209,920$51,396
AUSTIN JOHNKDIRECTOR OF INVESTMENTS
Highest-paid employee
40$210,276$47,354
MEREDITH E GREENGENERAL COUNSEL
Key employee
40$195,429$48,173
35 more people on this return
NameTitleHours / weekCompensationOther / benefits
JEREMY CASSDEAN OF FACULTY
Key employee
40$208,329$23,505
JEFF REDDERSONAVP FOR FACILITIES SERVICES
Key employee
40$180,799$42,636
SHON HERRICKVP FOR DEV (FROM 11/24)
Officer
40$168,097$52,703
ELIZABETH SEMANCHIEF OF STAFF
Key employee
40$187,837$21,027
A ALEXANDER TAYLORTRUSTEE
Trustee or director
2$0$0
ANTHONY W MCDADETRUSTEE
Trustee or director
2$0$0
BETH TAYLORTRUSTEE
Trustee or director
2$0$0
C KEMMONS WILSON IIITRUSTEE
Trustee or director
2$0$0
CHARLES AMBROSETRUSTEE
Trustee or director
2$0$0
CHRISTI NEWSOM BYRONTRUSTEE
Trustee or director
2$0$0
CHRISTINA HENDERSONTRUSTEE
Trustee or director
2$0$0
CYNTHIA DAVISVICE CHAIR
Trustee or director, Officer
2$0$0
DAVID LAXERTRUSTEE
Trustee or director
2$0$0
DAVID MAYTRUSTEE
Trustee or director
2$0$0
DENTON MCLANETRUSTEE
Trustee or director
2$0$0
FRANCES ELLISONTRUSTEE
Trustee or director
2$0$0
JAMES A LANIER JRTRUSTEE
Trustee or director
2$0$0
JASON RICHARDSSECRETARY
Trustee or director, Officer
2$0$0
JOHANNA FRIERSONTRUSTEE
Trustee or director
2$0$0
KEVIN R BRYANTTRUSTEE
Trustee or director
2$0$0
KEVIN T BYRNECHAIR
Trustee or director, Officer
2$0$0
KRISTIN BAUCOM DAVIESTRUSTEE
Trustee or director
2$0$0
LEE C DILLWORTHTRUSTEE
Trustee or director
2$0$0
LISA RUSTTRUSTEE
Trustee or director
2$0$0
MARK KAISERTRUSTEE
Trustee or director
2$0$0
MATTHEW W WILSONTRUSTEE
Trustee or director
2$0$0
PAUL ROBERTSONTRUSTEE
Trustee or director
2$0$0
RACHELLE H THOMPSONTRUSTEE
Trustee or director
2$0$0
RAYMOND KINGTRUSTEE
Trustee or director
2$0$0
RICHARD WRENNTRUSTEE
Trustee or director
2$0$0
STEVE SPINKSTRUSTEE
Trustee or director
2$0$0
SUSAN THOMSON SHITRUSTEE
Trustee or director
2$0$0
THOMAS CULLENTRUSTEE
Trustee or director
2$0$0
TRACI MILLERTRUSTEE
Trustee or director
2$0$0
YENDELELA NEELY HOLSTONTRUSTEE
Trustee or director
2$0$0
990 for the year ended June 30, 2024: 49 people
NameTitleHours / weekCompensationOther / benefits
ROBERT RICHEYMEN'S HEAD BASKETBALL COACH
Highest-paid employee
40$645,722$60,856
DR ELIZABETH DAVISPRESIDENT
Officer
40$622,355$42,752
SUSAN MADDUXVP FOR FINANCE & ADMINISTRATION
Officer
40$406,909$47,010
CLAYTON HENDRIXHEAD FOOTBALL COACH
Highest-paid employee
40$321,204$60,089
JASON DONNELLYVP FOR INTERCOLLEGIATE ATHLETICS
Officer
40$304,486$59,817
THOMAS E EVELYN IIVP FOR UNIVERSITY COMMUNICATIONS
Officer
40$297,040$61,696
ROBERT KENNEYCHIEF INVESTMENT OFFICER
Key employee
40$292,226$61,411
BETH PONTARIACADEMIC AFFAIRS & PROVOST
Officer
40$265,647$54,417
HEIDI MCCRORYVP FOR DEVELOPMENT
Officer
40$263,745$50,011
CONNIE L CARSONVP FOR STUDENT LIFE
Officer
40$266,141$37,545
DANNY TANGCHIEF INFORMATION OFFICER
Highest-paid employee
40$232,953$54,590
GEORGE SHIELDSPROFESSOR OF CHEMISTRY
Highest-paid employee
40$206,657$53,321
MEREDITH GREENGENERAL COUNSEL
Key employee
40$191,151$45,311
JEFF REDDERSONASSOCIATE VP FOR FACILITIES
Key employee
40$177,222$49,829
JEREMY CASSDEAN OF FACULTY
Key employee
40$204,318$22,306
DON GORDONRILEY INSTITUTE FOUNDING DIRECTOR
Highest-paid employee
40$191,940$30,363
ELIZABETH SEMANCHIEF OF STAFF
Key employee
40$184,222$19,934
EMILY SCHUCKVP OF ENROLLMENT MANAGEMENT
Officer
40$139,585$31,547
KEVIN T BYRNECHAIR
Trustee or director, Officer
2$0$0
ROBERT E HILL JRVICE CHAIR
Trustee or director, Officer
2$0$0
CHRISTINA NEWSOM BYRONSECRETARY
Trustee or director, Officer
2$0$0
CHARLES AMBROSETRUSTEE
Trustee or director
2$0$0
KRISTIN BAUCOM DAVIESTRUSTEE
Trustee or director
2$0$0
JOLLEY BRUCE CHRISTMANTRUSTEE
Trustee or director
2$0$0
KEVIN R BRYANTTRUSTEE
Trustee or director
2$0$0
THOMAS CULLENTRUSTEE
Trustee or director
2$0$0
CYNTHIA DAVISTRUSTEE
Trustee or director
2$0$0
LEE C DILLWORTHTRUSTEE
Trustee or director
2$0$0
FRANCES ELLISONTRUSTEE
Trustee or director
2$0$0
JOHANNA FRIERSONTRUSTEE
Trustee or director
2$0$0
DAVID L HAUSERTRUSTEE
Trustee or director
2$0$0
MARK KAISERTRUSTEE
Trustee or director
2$0$0
RAYMOND KINGTRUSTEE
Trustee or director
2$0$0
JAMES A LANIER JRTRUSTEE
Trustee or director
2$0$0
DAVID LAXERTRUSTEE
Trustee or director
2$0$0
ANTHONY WILTON MCDADETRUSTEE
Trustee or director
2$0$0
TRACI MILLERTRUSTEE
Trustee or director
2$0$0
YENDELELA NEELY HOLSTONTRUSTEE
Trustee or director
2$0$0
JASON W RICHARDSTRUSTEE
Trustee or director
2$0$0
PAUL L ROBERTSON IIITRUSTEE
Trustee or director
2$0$0
BETH TAYLORTRUSTEE
Trustee or director
2$0$0
A ALEXANDER TAYLOR IITRUSTEE
Trustee or director
2$0$0
BRENDA J THAMESTRUSTEE
Trustee or director
2$0$0
LIZANNE THOMASTRUSTEE
Trustee or director
2$0$0
RACHELLE HARLEY THOMPSONTRUSTEE
Trustee or director
2$0$0
SUSAN THOMSON SHITRUSTEE
Trustee or director
2$0$0
MATTHEW WALLIS WILSONTRUSTEE
Trustee or director
2$0$0
C KEMMONS W WILSON IIITRUSTEE
Trustee or director
2$0$0
RICHARD N WRENN JRTRUSTEE
Trustee or director
2$0$0
990 for the year ended June 30, 2023: 51 people
NameTitleHours / weekCompensationOther / benefits
DR ELIZABETH DAVISPRESIDENT
Officer
40$859,371$36,724
ROBERT RICHEYMEN'S HEAD BASKETBALL COACH
Highest-paid employee
40$397,228$50,400
SUSAN MADDUXVP FOR FINANCE & ADMINISTRATION
Officer
40$350,377$42,914
CLAYTON HENDRICKSHEAD FOOTBALL COACH
Highest-paid employee
40$297,007$49,547
THOMAS E EVELYN IIVP FOR UNIVERSITY COMMUNICATIONS
Officer
40$270,780$64,109
ROBERT KENNEYCHIEF INVESTMENT OFFICER
Key employee
40$273,490$56,064
JASON DONNELLYVP FOR INTERCOLLEGIATE ATHLETICS
Officer
40$275,481$48,231
HEIDI MCCRORYVP FOR DEVELOPMENT
Officer
40$253,485$50,899
CONNIE L CARSONVP FOR STUDENT LIFE
Officer
40$248,288$31,806
GEORGE SHIELDSPROFESSOR OF CHEMISTRY
Highest-paid employee
40$241,052$38,454
KENNETH PETERSON VP ACADEMICAFFAIRS & PROVOST (1/1/22 - 6/30/22)
Former
40$242,000$28,346
RICARD MEADE FORMERMEN'S HEAD LACROSSE COACH
Former
0$261,512$0
BETH PONTARI INTERIM VP FORACADEMIC AFFAIRS & PROVOST
Officer
40$200,405$38,350
JEREMY CASSDEAN OF FACULTY
Key employee
40$194,748$24,875
JOHN WHEELER ASSOC PROVOSTFOR INTEGRATIVE SCIENCE
Highest-paid employee
40$171,173$46,518
JEFF REDDERSONASSOCIATE VP FOR FACILITIES SERVICES
Key employee
40$172,502$27,809
W MICHALE HENDRICKS VP FORENROLLMENT MGMT (1/1/22 - 7/4/22)
Officer
40$172,948$25,811
MEREDITH GREENGENERAL COUNSEL
Key employee
40$165,427$31,527
ELIZABETH SEMANCHIEF OF STAFF
Key employee
40$175,587$18,119
DAVID P STEINOUR CHIEFINFORMATION OFFICER (1/1/22-4/29/22)
Former
40$116,296$9,581
KEVIN T BYRNECHAIR
Trustee or director, Officer
2$0$0
ROBERT E HILL JRVICE CHAIR
Trustee or director, Officer
2$0$0
CHRISTINA NEWSOM BYRONSECRETARY
Trustee or director, Officer
2$0$0
CHARLES AMBROSETRUSTEE
Trustee or director
2$0$0
KEVIN R BRYANTTRUSTEE
Trustee or director
2$0$0
JOLLEY BRUCE CHRISTMANTRUSTEE
Trustee or director
2$0$0
THOMAS CULLENTRUSTEE
Trustee or director
2$0$0
CYNTHIA DAVISTRUSTEE
Trustee or director
2$0$0
KRISTIN BAUCOM DAVIESTRUSTEE
Trustee or director
2$0$0
LEE C DILLWORTHTRUSTEE
Trustee or director
2$0$0
FRANCES ELLISONTRUSTEE
Trustee or director
2$0$0
JOHANNA FRIERSONTRUSTEE
Trustee or director
2$0$0
DAVID L HAUSERTRUSTEE
Trustee or director
2$0$0
YENDELELA NEELY HOLSTONTRUSTEE
Trustee or director
2$0$0
JAMES A LANIER JRTRUSTEE
Trustee or director
2$0$0
DAVID LAXERTRUSTEE
Trustee or director
2$0$0
ANTHONY WILTON MCDADETRUSTEE
Trustee or director
2$0$0
TRACI MILLERTRUSTEE
Trustee or director
2$0$0
JASON W RICHARDSTRUSTEE
Trustee or director
2$0$0
PAUL L ROBERTSON IIITRUSTEE
Trustee or director
2$0$0
SUSAN THOMSON SHITRUSTEE
Trustee or director
2$0$0
PEACE SULLIVANTRUSTEE
Trustee or director
2$0$0
A ALEXANDER TAYLOR IITRUSTEE
Trustee or director
2$0$0
BRENDA J THAMESTRUSTEE
Trustee or director
2$0$0
RACHELLE HARLEY THOMPSONTRUSTEE
Trustee or director
2$0$0
WILLIAM BYRD TRAXLER JRTRUSTEE
Trustee or director
2$0$0
DAVID J TRONETRUSTEE
Trustee or director
2$0$0
C KEMMONS W WILSONTRUSTEE
Trustee or director
2$0$0
MATTHEW WALLIS WILSONTRUSTEE
Trustee or director
2$0$0
RICHARD N WRENN JRTRUSTEE
Trustee or director
2$0$0
JOHN C YATESTRUSTEE
Trustee or director
2$0$0

Address and contacts

Address (IRS master file)
3300 POINSETT HWY, GREENVILLE, SC 29613-0002
In care of
% SHERRY MIMS
Principal officer (990 for 2024)
SUSAN MADDUX, 3300 POINSETT HIGHWAY, GREENVILLE, SC 29613
Signed the 990
SUSAN MADDUX, VP FOR FINANCE & ADMINISTRATION
Phone
(864) 294-3496
Return prepared by
CLIFTONLARSONALLEN LLP

Mission

THE PRIMARY MISSION OF FURMAN AS A LIBERAL ARTS INSTITUTION IS TO PROVIDE A DISTINCTIVE EDUCATION IN FINE ARTS, HUMANITIES, SOCIAL SCIENCES, MATHEMATICS AND THE SCIENCES, AS WELL AS SELECTED PROFESSIONAL DISCIPLINES.

990 for the year ended June 30, 2025

Program accomplishments

  • INSTRUCTION OF STUDENTS IN BOTH UNDERGRADUATE AND GRADUATE PROGRAMS. A PERSONALIZED FOUR-YEAR PATHWAY FOR STUDENTS INSTITUTED BY THE FURMAN ADVANTAGE INCLUDES HIGH IMPACT, ENGAGED LEARNING THROUGH RESEARCH, INTERNSHIPS, AND STUDY ABROAD PROGRAMS. SCHOLARSHIPS ARE AWARDED TO ELIGIBLE STUDENTS BASED ON FINANCIAL NEED AND ACADEMIC MERIT.
    Expenses $181,757,985 · grants $92,973,746 · revenue $147,827,221
  • STUDENT SERVICES INCLUDES INTERCOLLEGIATE ATHLETICS, INTRAMURAL AND CLUB SPORTS, ENROLLMENT MANAGEMENT, STUDENT GOVERNMENT AND A LARGE VARIETY OF STUDENT ORGANIZATIONS, SERVICES AND ACTIVITIES.
    Expenses $39,443,847 · revenue $4,299,344
  • THE UNIVERSITY CONDUCTED AUXILIARY ENTERPRISES FOR THE CONVENIENCE OF STUDENTS, FACULTY, STAFF AND THE AT-LARGE COMMUNITY. THESE AUXILIARY ENTERPRISES INCLUDE STUDENT HOUSING, DINING SERVICES, GOLF COURSE, SPORTS ARENA AND CONFERENCE CENTER.
    Expenses $29,031,837 · revenue $42,274,303

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
57-0314395
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 (B420)
Assets (IRS master file)
$1,449,547,125
Income (IRS master file)
$614,481,625

Filing history

FormYear endedRevenueExpensesAssetsReturn
990June 2025$296,850,871$280,054,127$1,449,547,125IRS
990-TJune 2025–––IRS
990June 2024$288,883,583$270,132,887$1,399,667,880IRS
990-TJune 2024–––IRS
990June 2023$223,194,398$256,073,141$1,280,396,314XML
990-TJune 2023–––IRS
990June 2022$253,351,985$239,545,718$1,328,407,958IRS
990-TJune 2022–––IRS
990June 2021–––IRS
990-TJune 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 57-0314395).

Questions about FURMAN UNIVERSITY

What is the EIN of FURMAN UNIVERSITY?
The employer identification number (EIN) of FURMAN UNIVERSITY is 57-0314395.
Is FURMAN UNIVERSITY tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1937.
Are donations to FURMAN UNIVERSITY tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does FURMAN 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 FURMAN 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 FURMAN 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 FURMAN UNIVERSITY?
The 990 for the year ended June 30, 2025 names SUSAN MADDUX.
Who are the officers and directors of FURMAN UNIVERSITY?
The 990 for the year ended June 30, 2025 lists 50 people; 19 received compensation from the organization, the highest $760,270 (ROBERT RICHEY, MEN'S HEAD BASKETBALL COACH).
How much revenue does FURMAN UNIVERSITY have?
On its 990 for the year ended June 30, 2025 it reported revenue of $296,850,871, expenses of $280,054,127 and total assets of $1,449,547,125 at year end.

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