NORTH CAROLINA WESLEYAN UNIVERSITY INC Charity Report

Public IRS 990 nonprofit record

NORTH CAROLINA WESLEYAN UNIVERSITY INC

EIN 56-0686603 · Education (B420)

What they do

NORTH CAROLINA WESLEYAN UNIVERSITY, A PRIVATE INSTITUTION AFFILIATED WITH THE UNITED METHODIST CHURCH, PREPARES STUDENTS for PROFESSIONAL ADVANCEMENT, LIFE-LONG LEARNING, and RESPONSIBLE PARTICIPATION IN THEIR COMMUNITIES.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $86.30 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 leaders34 people are listed in the latest report.

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

Money made simple

93.13%of revenue went to mission work86.3% of expenses · Program services

0.84%of revenue went to fundraising0.8% of expenses

$107.93spent for every $100 of revenueSpending was higher than revenue this year.

13.96%of revenue went to management and office costs12.9% of expenses

$1.26in assets for every $1 spent this yearSome assets cannot be spent right away.

8.2%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 $3,843,823 this year. Ask whether that was planned or caused by a one-time event.

Pay context: The highest compensation shown in this filing is $335,436 for MR EVAN D DUFF (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$48,471,791

Mission workProgram services$45,141,43193.13% of revenue86.3% of expenses

ManagementOffice and general costs$6,766,53613.96% of revenue12.9% of expenses

FundraisingAsking for donations$407,6470.84% of revenue0.8% of expenses

Total expenses$52,315,614107.93% 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: 86.3% mission · 12.9% management · 0.8% fundraisingTotal expenses: 107.93% of revenue

2023Expense mix: 86.4% mission · 12.7% management · 1.0% fundraisingTotal expenses: 106.50% of revenue

2022Expense mix: 85.8% mission · 13.2% management · 1.0% fundraisingTotal expenses: 110.46% of revenue

2021Expense mix: 89.5% mission · 9.8% management · 0.8% fundraisingTotal expenses: 96.22% of revenue

2020Expense mix: 89.3% mission · 9.9% management · 0.8% fundraisingTotal expenses: 92.86% of revenue

2019Expense mix: 87.7% mission · 11.4% management · 0.9% fundraisingTotal expenses: 87.14% of revenue

2018Expense mix: 89.4% mission · 9.7% management · 1.0% fundraisingTotal expenses: 103.10% of revenue

2017Expense mix: 88.6% mission · 10.6% management · 0.8% fundraisingTotal expenses: 98.95% of revenue

Money in and money out

Revenue$48,471,791

Expenses$52,315,614

Annual shortfall $3,843,823 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)$45,141,431 · 86.3% of expenses

Management and office costs$6,766,536 · 12.9% of expenses

Fundraising$407,647 · 0.8% of expenses

See all reported dollar amounts

Revenue$48,471,791

Expenses$52,315,614

Assets$65,927,699

Income$48,483,362

Contributions$3,990,255

Mission work (program services)$45,141,431

Fundraising$407,647

Management and general$6,766,536

Stocks and bonds$11,805,309

Accounting fees$101,209

Investing fees$43,150

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

MR EVAN D DUFFPRESIDENT · 40 hrs/week $335,436Base $300,211 · Other $35,225

MR JOSEPH H LANE JRPROVOST AND SVP OF ACADEMI · 40 hrs/week $198,266Base $168,261 · Other $30,005

MS SUZANNE P BRACKETTSVP-ADMINISTRATION · 40 hrs/week $172,778Base $155,500 · Other $17,278

MR JOHN M THOMPSONHEAD MENS BASKETBALL COAC · 40 hrs/week $145,884Base $119,465 · Other $26,419

MR MARK H HINSONVP OF ADVANCEMENT · 40 hrs/week $133,806Base $118,464 · Other $15,342

MS CRYSTAL P OSTHEIMDIRECTOR OF NURSING & INITIATIVES · 40 hrs/week $133,353Base $116,700 · Other $16,653

MR AARON V DENTONVP OF ATHLETICS · 40 hrs/week $132,154Base $123,738 · Other $8,416

MS KATIE M FARRELLDEAN OF ADULT AND PROFESSIONAL STUDIES · 40 hrs/week $129,414Base $104,800 · Other $24,614

MR JEFFREY W SEARSDIRECTOR OF CAMPUS SAFETY · 40 hrs/week $122,755Base $103,624 · Other $19,131

MR MEIR MAGALPROFESSOR - EXERCISE SCIENCE · 40 hrs/week $121,523Base $108,313 · Other $13,210

MS CYNTHIA W EDWARDSCHIEF ENGAGEMENT OFFICER · 40 hrs/week $81,309Base $69,177 · Other $12,132

MR OSCAR A RODRIGUEZDEAN OF TRADITIONAL ENROLLMENT · 40 hrs/week $15,720Base $15,022 · Other $698

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 (34)

MR EVAN D DUFFPRESIDENT

MR JOSEPH H LANE JRPROVOST AND SVP OF ACADEMI

MS SUZANNE P BRACKETTSVP-ADMINISTRATION

MR JOHN M THOMPSONHEAD MENS BASKETBALL COAC

MR MARK H HINSONVP OF ADVANCEMENT

MS CRYSTAL P OSTHEIMDIRECTOR OF NURSING & INITIATIVES

MR AARON V DENTONVP OF ATHLETICS

MS KATIE M FARRELLDEAN OF ADULT AND PROFESSIONAL STUDIES

MR JEFFREY W SEARSDIRECTOR OF CAMPUS SAFETY

MR MEIR MAGALPROFESSOR - EXERCISE SCIENCE

MS CYNTHIA W EDWARDSCHIEF ENGAGEMENT OFFICER

MR OSCAR A RODRIGUEZDEAN OF TRADITIONAL ENROLLMENT

MS BETH MURPHYTRUSTEE

MR ROGER TAYLORTRUSTEE

MR THOMAS WINSTEADTRUSTEE

MR TW KINGTRUSTEE

MR VERNON T BRADLEY JRTRUSTEE

MR WAYNE SOUSATRUSTEE

MR MARION BARNESTRUSTEE

MS JANICE BRYANT HOWROYDTRUSTEE

MS TERRI SHARPETRUSTEE

MR PAUL A BAUERCHARIMAN

DR DANIEL L CROCKERPAST CHAIRMAN

MR LLOYD NELSONTRUSTEE

MR KEVIN JONESTRUSTEE

MR JOHN A TURNAGESECRETARY

MR JOE SHEARINVICE CHAIRMAN

MR JEROME MATRUSTEE

MR HARRY BYNUMTRUSTEE

MR DAVID JOYNEREX OFFICIO

MR DAN L BELLTRUSTEE

MR BAXTER MYERSTRUSTEE

MR ARNOLD GORDON-BRAYTRUSTEE

DR LAWANDA PEACETRUSTEE

About this charity

Recognized since: January 1961
Location: 3400 N WESLEYAN BLVD, ROCKY MOUNT, NC 27804-8699
County: Nash
In care of: SUZANNE BRACKETT
Primary officer: SUZANNE BRACKETT, VP OF ADMIN & CFO

How to reach them

WebsiteVisit the charity’s website Phone(252) 985-5100

Filing and classification

Latest tax year: 2024
Tax period began: June 1, 2024
Return type: 990
Tax preparer: BROWN EDWARDS & COMPANY LLP
NTEE classification: Education (B420)