LENOIR-RHYNE UNIVERSITY Charity Report

Public IRS 990 nonprofit record

LENOIR-RHYNE UNIVERSITY

EIN 56-0556753 · Education (B420)

What they do

PROVIDE EDUCATIONAL PROGRAMS and CONFER UNDERGRADUATE DEGREES IN APPROXIMATELY 60 ACADEMIC PROGRAMS of STUDY. THE UNIVERSITY OFFERS 57 DIFFERENT PROGRAMS of STUDY for UNDERGRADUATES and 24 DIFFERENT PROGRAMS for GRADUATE DEGREES.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $82.60 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 leaders35 people are listed in the latest report.

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

Money made simple

84.00%of revenue went to mission work82.6% of expenses · Program services

2.88%of revenue went to fundraising2.8% of expenses

$101.71spent for every $100 of revenueSpending was higher than revenue this year.

14.83%of revenue went to management and office costs14.6% of expenses

$3.57in assets for every $1 spent this yearSome assets cannot be spent right away.

11.1%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 $1,389,164 this year. Ask whether that was planned or caused by a one-time event.

Pay context: The highest compensation shown in this filing is $584,488 for DR FREDERICK K WHITT (PRESIDENT). 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$81,097,533

Mission workProgram services$68,121,67084.00% of revenue82.6% of expenses

ManagementOffice and general costs$12,028,41114.83% of revenue14.6% of expenses

FundraisingAsking for donations$2,336,6162.88% of revenue2.8% of expenses

Total expenses$82,486,697101.71% 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: 82.6% mission · 14.6% management · 2.8% fundraisingTotal expenses: 101.71% of revenue

2023Expense mix: 81.6% mission · 15.5% management · 2.9% fundraisingTotal expenses: 107.66% of revenue

2022Expense mix: 70.4% mission · 26.9% management · 2.7% fundraisingTotal expenses: 101.45% of revenue

2021Expense mix: 74.0% mission · 22.9% management · 3.2% fundraisingTotal expenses: 79.67% of revenue

2020Expense mix: 72.5% mission · 24.8% management · 2.7% fundraisingTotal expenses: 94.17% of revenue

2019Expense mix: 71.0% mission · 26.5% management · 2.5% fundraisingTotal expenses: 94.44% of revenue

2018Expense mix: 69.8% mission · 27.2% management · 3.0% fundraisingTotal expenses: 90.78% of revenue

2017Expense mix: 68.3% mission · 29.7% management · 2.1% fundraisingTotal expenses: 95.41% of revenue

Money in and money out

Revenue$81,097,533

Expenses$82,486,697

Annual shortfall $1,389,164 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)$68,121,670 · 82.6% of expenses

Management and office costs$12,028,411 · 14.6% of expenses

Fundraising$2,336,616 · 2.8% of expenses

See all reported dollar amounts

Revenue$81,097,533

Expenses$82,486,697

Assets$294,583,155

Income$92,733,732

Contributions$8,996,086

Mission work (program services)$68,121,670

Fundraising$2,336,616

Management and general$12,028,411

Stocks and bonds$91,282,748

Accounting fees$205,700

Investing fees$238,432

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

DR FREDERICK K WHITTPRESIDENT · 40 hrs/week $584,488Base $492,170 · Other $92,318

DR JENNIFER BURRISPROVOST & VP ACADEMIC AFFAIRS · 40 hrs/week $266,509Base $215,238 · Other $51,271

JEREMY SHREVEVP BUSINESS & FINANCE · 40 hrs/week $252,281Base $193,108 · Other $59,173

CATHERINE NIEKROVP INSTITUTIONAL ADVANCEMENT · 40 hrs/week $244,390Base $194,175 · Other $50,215

LAURA CRAWLEYVP MISSION ENGAGEMENT & INNOVATION (ENDED 8/01/202 · 40 hrs/week $208,431Base $178,690 · Other $29,741

LOURY FLOYDASSISTANT PROVOST FOR ACADEMIC OPERATIONS · 40 hrs/week $189,683Base $157,908 · Other $31,775

KIMBERLY PATEVP ATHLETICS (ENDED 9/17/2024) · 40 hrs/week $182,365Base $152,646 · Other $29,719

DOUGLAS SOCHAHEAD FOOTBALL COACH · 40 hrs/week $173,989Base $142,648 · Other $31,341

WESLEY N REIDASSISTANT PROFESSOR AND PHYSICIAN ASSISTANT STUDIE · 40 hrs/week $155,268Base $117,441 · Other $37,827

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 (35)

DR FREDERICK K WHITTPRESIDENT

DR JENNIFER BURRISPROVOST & VP ACADEMIC AFFAIRS

JEREMY SHREVEVP BUSINESS & FINANCE

CATHERINE NIEKROVP INSTITUTIONAL ADVANCEMENT

LAURA CRAWLEYVP MISSION ENGAGEMENT & INNOVATION (ENDED 8/01/202

LOURY FLOYDASSISTANT PROVOST FOR ACADEMIC OPERATIONS

KIMBERLY PATEVP ATHLETICS (ENDED 9/17/2024)

DOUGLAS SOCHAHEAD FOOTBALL COACH

WESLEY N REIDASSISTANT PROFESSOR AND PHYSICIAN ASSISTANT STUDIE

RICK GOERESTRUSTEE

REV DR TIMOTHY M SMITHTRUSTEE

REV DR ERIC CHILDERSTRUSTEE

REV CHRISTOPHER WEBBTRUSTEE

PERRELL D BESSTRUSTEE

MICHAEL THOMASTRUSTEE

STEPHANIE DELGADOTRUSTEE

MARVIN S EDWARDSTRUSTEE

MARGARET JACKSONTRUSTEE

STEPHEN MISENHEIMERTRUSTEE

STEVEN CARTERTRUSTEE

MADELEINE S DASSOWCHAIR

KATHERINE MCKENZIETRUSTEE

LESLIE LAMBERTTRUSTEE

BOYD GEORGETRUSTEE

KATHERINE ESCHSECRETARY

JEARLD LEONHARDTTREASURER

JANIE PARKS PEAKTRUSTEE

ISAIAH OGLESBYTRUSTEE

HANSEL R MCCRORIETRUSTEE

GEORGE A MORETZTRUSTEE

GABRIELLE KELLYTRUSTEE

EDWARD BEARD JRAT LARGE

CORIE PAULINGTRUSTEE

CHRIS PEEKTRUSTEE

BOYD C WILSON JRVICE CHAIR

About this charity

Recognized since: January 1945
Location: PO BOX 7164, HICKORY, NC 28603-7164
County: Catawba
In care of: % JEREMY SHREVE
Primary officer: Summer McGee, PRESIDENT

How to reach them

WebsiteVisit the charity’s website Phone(828) 328-7100

Filing and classification

Latest tax year: 2024
Tax period began: June 1, 2024
Return type: 990
Tax preparer: BDO USA
NTEE classification: Education (B420)