WILLIAM PEACE UNIVERSITY Charity Report

Public IRS 990 nonprofit record

WILLIAM PEACE UNIVERSITY

EIN 56-0529988 · Education (B410)

What they do

WILLIAM PEACE UNIVERSITY is A PRIVATE FOUR-YEAR UNIVERSITY IN DOWNTOWN RALEIGH, NORTH CAROLINA. THE MISSION of THE UNIVERSITY is to PREPARE STUDENTS for CAREERS IN THE ORGANIZATIONS of TOMORROW. ROOTED IN THE LIBERAL ARTS TRADITION, THE STUDENT DEVELOPS AN APPRECIATION for LIFE-LONG LEARNING, A FOCUS ON MEANINGFUL CAREERS, and SKILLS for ETHICAL CITIZENSHIP. ON AVERAGE, OVER 95 PERCENT of OUR GRADUATES GO ON to JOBS or CAREERS WITHIN A YEAR of GRADUATION.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $79.40 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders32 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

102.01%of revenue went to mission work79.4% of expenses · Program services

2.06%of revenue went to fundraising1.6% of expenses

$128.53spent for every $100 of revenueSpending was higher than revenue this year.

24.46%of revenue went to management and office costs19.0% of expenses

$2.44in assets for every $1 spent this yearSome assets cannot be spent right away.

3.5%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Worth asking: Expenses exceeded revenue by $7,668,307 this year. Ask whether that was planned or caused by a one-time event.

Pay context: The highest compensation shown in this filing is $288,750 for BRIAN RALPH (FORMER PRESIDENT (THRU 6/24)). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$26,874,041

Mission workProgram services$27,415,032102.01% of revenue79.4% of expenses

ManagementOffice and general costs$6,574,21024.46% of revenue19.0% of expenses

FundraisingAsking for donations$553,1062.06% of revenue1.6% of expenses

Total expenses$34,542,348128.53% of revenue

Expenses were greater than revenue, so the colored ring fills the available $100 and the total above 100% is shown below.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2024CurrentExpense mix: 79.4% mission · 19.0% management · 1.6% fundraisingTotal expenses: 128.53% of revenue

2023Expense mix: 79.7% mission · 18.2% management · 2.1% fundraisingTotal expenses: 133.42% of revenue

2022Expense mix: 78.4% mission · 19.9% management · 1.8% fundraisingTotal expenses: 127.94% of revenue

2021Expense mix: 75.4% mission · 22.5% management · 2.1% fundraisingTotal expenses: 88.13% of revenue

2020Expense mix: 78.1% mission · 20.0% management · 2.0% fundraisingTotal expenses: 93.32% of revenue

2019Expense mix: 80.8% mission · 17.2% management · 1.9% fundraisingTotal expenses: 100.65% of revenue

2018Expense mix: 80.8% mission · 17.5% management · 1.7% fundraisingTotal expenses: 77.05% of revenue

2017Expense mix: 79.0% mission · 19.3% management · 1.6% fundraisingTotal expenses: 103.36% of revenue

Money in and money out

Revenue$26,874,041

Expenses$34,542,348

Annual shortfall $7,668,307 Expenses were higher than revenue for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$27,415,032 · 79.4% of expenses

Management and office costs$6,574,210 · 19.0% of expenses

Fundraising$553,106 · 1.6% of expenses

See all reported dollar amounts

Revenue$26,874,041

Expenses$34,542,348

Assets$84,352,182

Income$27,022,921

Contributions$948,330

Mission work (program services)$27,415,032

Fundraising$553,106

Management and general$6,574,210

Stocks and bonds$30,514,831

Accounting fees$162,619

People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation

BRIAN RALPHFORMER PRESIDENT (THRU 6/24) · 40 hrs/week $288,750

LYNDA SZYMANSKIVP OF ACADEMIC AFFAIRS · 40 hrs/week $246,593Base $201,262 · Other $45,331

BELINDA BURKECFO, VP OF FINANCE AND ADMIN · 50 hrs/week $243,893Base $220,190 · Other $23,703

FRANK RIZZOVP OF STUDENT LIFE · 40 hrs/week $214,416Base $169,744 · Other $44,672

DAMON WADEVP OF ENROLLMENT MANAGEMENT · 40 hrs/week $210,480Base $190,962 · Other $19,518

LYNN MORTONPRESIDENT (AS OF 5/24) · 40 hrs/week $207,261Base $206,719 · Other $542

PAUL SCHERSCHELVP OF UNIVERSITY ADVANCEMENT · 40 hrs/week $177,013Base $160,000 · Other $17,013

KARMEN MCGEEASSOCIATE VP FOR HUMAN RESOURCES · 40 hrs/week $144,065Base $123,600 · Other $20,465

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (32)

BRIAN RALPHFORMER PRESIDENT (THRU 6/24)

LYNDA SZYMANSKIVP OF ACADEMIC AFFAIRS

BELINDA BURKECFO, VP OF FINANCE AND ADMIN

FRANK RIZZOVP OF STUDENT LIFE

DAMON WADEVP OF ENROLLMENT MANAGEMENT

LYNN MORTONPRESIDENT (AS OF 5/24)

PAUL SCHERSCHELVP OF UNIVERSITY ADVANCEMENT

KARMEN MCGEEASSOCIATE VP FOR HUMAN RESOURCES

DURON LEETRUSTEE

TONY PARHAMSECRETARY

TAYLOR SHAWTRUSTEE

STUART PHOENIXTREASURER

SARAH GASKILLTRUSTEE

ROB WOODVICE-CHAIR

BILL MCLAURINTRUSTEE

MARY-ANN BALDWINTRUSTEE

MARK PACCIONETRUSTEE

BILLIE REDMONDIMMEDIATE PAST CHAIR

LYNN MANESSTRUSTEE

LYNN ERDMANTRUSTEE

ELENA ASHBURNTRUSTEE

LAURA BUNNTRUSTEE

KIM KITCHINGSTRUSTEE

KELLY GAINESTRUSTEE

ALYSON GORDONCHAIR

KAREN ALBRITTONTRUSTEE

KACIE FORETRUSTEE

JENNINGS GLENTRUSTEE

JASON COOPERTRUSTEE

JACQUELINE WHITTENBURGTRUSTEE

HAROLD HICKSTRUSTEE

GEORGE STANZIALETRUSTEE

About this charity

Recognized since: January 1964
Location: 15 EAST PEACE STREET, RALEIGH, NC 27604
County: Wake
In care of: ROBERT HITE
Primary officer: ROBERT HITE, INTERM CFO

How to reach them

WebsiteVisit the charity’s website Phone(919) 508-2035

Filing and classification

Latest tax year: 2024
Tax period began: July 1, 2024
Return type: 990
Tax preparer: CLIFTONLARSONALLEN LLP
NTEE classification: Education (B410)