Elon University

Organization Overview

Elon University is located in Elon, NC. The organization was established in 1939. According to its NTEE Classification (B43) the organization is classified as: Universities, under the broad grouping of Education and related organizations. As of 05/2022, Elon University employed 4,430 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Elon University is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 05/2022, Elon University generated $374.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.8% each year. All expenses for the organization totaled $328.2m during the year ending 05/2022. While expenses have increased by 3.4% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990T Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

ELON UNIVERSITY'S MISSION IS TO TRANSFORM THE MIND, BODY, AND SPIRIT AND ENCOURAGE FREEDOM OF THOUGHT AND LIBERTY OF CONSCIENCE. THE UNIVERSITY PROVIDES A LIBERAL ARTS UNDERGRADUATE CURRICULUM AND GRADUATE PROGRAMS.

Describe the Organization's Program Activity:

INSTRUCTION - EXPENSES RELATED TO PROVIDING THE PRIMARY PURPOSE OF EDUCATION FOR UNDERGRADUATE AND GRADUATE STUDENTS.


STUDENT SERVICES - EXPENSES RELATED TO THE PRIMARY PURPOSE OF CONTRIBUTING TO STUDENTS' EMOTIONAL AND PHYSICAL WELL-BEING AND INTELLECTUAL, CULTURAL, AND SOCIAL DEVELOPMENT. ATHLETICS IS INCLUDED WITHIN THIS DIVISION.


AUXILIARY SERVICES - EXPENSES RELATED TO THE FUNCTION OF FURNISHING GOODS OR SERVICES TO STUDENTS, FACULTY, OR STAFF. EXAMPLES ARE RESIDENCE HALLS AND FOOD SERVICES.


ACADEMIC SUPPORT - EXPENSES INCURRED TO PROVIDE SUPPORT SERVICES FOR THE INSTITUTION'S PRIMARY MISSION OF INSTRUCTION, INCLUDING THE LIBRARY, MEDIA SERVICES, AND TECHNOLOGY.


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Board, Officers & Key Employees

Name (title)Compensation
Name Not Listed
Trustee
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Aramark Corporation
Dining Services
$23,076,104
Samet Corporation
Construction
$11,304,275
Accademia Europea Di Firenze Sri
Study Abroad
$2,496,179
Ciee
Study Abroad
$2,653,810
Lomax Construction
Architects
$3,219,801
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$450,789
Related organizations$0
Government grants $11,864,132
All other contributions, gifts, grants, and similar amounts not included above$20,570,877
Noncash contributions included in lines 1a–1f $5,581,345
Total Revenue from Contributions, Gifts, Grants & Similar$32,885,798
Total Program Service Revenue$331,200,135
Investment income $1,774,831
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales -$11,312
Net Income from Fundraising Events $47,264
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $374,224,853

Grants Recieved

Over the last fiscal year, we have identified 4 grants that Elon University has recieved totaling $57,500.

Awarding OrganizationAmount
Mile 26 Foundation

Greenwich, CT

PURPOSE: GENERAL OPERATING BUDGET

$50,000
Edward Syder Tr Uw 4508

Dallas, TX

PURPOSE: SCHOLARSHIP

$4,000
Everett & Doris Bernardo Family Foundation

Elgin, IL

PURPOSE: COLLEGE EDUCATIONCOLLEGE EDUCATION

$2,500
Webster U Walker Jr Foundation Inc

Philadelphia, PA

PURPOSE: OPERATING

$1,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$327,004,825
Earnings-$12,765,259
Admin Expense$2,190,095
Net Contributions$15,507,807
Other Expense$3,292,960
Grants$10,113,399
Ending Balance$314,150,919

Peer Organizations

Organization NameAssets
Wake Forest University
Winstonsalem, NC
$681,736,258
Emory University
Decatur, GA
$526,678,235
Savannah College Of Art And Design Inc
Savannah, GA
$587,003,201
University Of Richmond
Richmond, VA
$713,801,637
The Corporation Of Mercer University
Macon, GA
$444,048,225
Belmont University
Nashville, TN
$464,356,154
Elon University
Elon, NC
$374,224,853
Campbell University Inc
Buies Creek, NC
$263,777,466
Lipscomb University
Nashville, TN
$216,257,194
Hampton University
Hampton, VA
$270,327,094
Lincoln Memorial University
Harrogate, TN
$171,241,775
Wingate University
Wingate, NC
$150,590,058

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