Methodist University Inc

Organization Overview

Methodist University Inc is located in Fayetteville, NC. The organization was established in 2009. According to its NTEE Classification (B03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Education and related organizations. As of 06/2022, Methodist University Inc employed 1,059 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Methodist University Inc 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 06/2022, Methodist University Inc generated $89.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.2% each year. All expenses for the organization totaled $74.6m during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

UNDERGRADUATE AND GRADUATE EDUCATION

Describe the Organization's Program Activity:

Part 3 - Line 4a

POST SECONDARY EDUCATION: METHODIST UNIVERSITY PROVIDES BOTH UNDERGRADUATE AND GRADUATE EDUCATION, FOUNDED IN LIBERAL ARTS, TO APPROXIMATELY 1800 STUDENTS. THE UNIVERSITY'S PROGRAMS ARE CONCENTRATED IN ARTS & HUMANITIES, SCIENCE & HUMAN DEVELOPMENT, BUSINESS & GRADUATE STUDIES, AND BOAST NATIONALLY RENOWNED PROGRAMS SUCH AS THE PHYSICIAN ASSISTANCE PROGRAM. THE UNIVERSITY IS A FULLY-ACCREDITED MEMBER OF THE SOUTHERN ASSOCIATION OF COLLEGES & SCHOOLS COMMISSION ON COLLEGES.


AUXILIARY SERVICES: THE UNIVERSITY'S AUXILIARY ENTERPRISES, INCLUDING RESIDENCE HALLS, DINING FACILITIES, AND A BOOKSTORE, SERVE TO PROVIDE A SUPPORT SYSTEM TO THE STUDENTS.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Aramark Educational Services
Food Service
$2,431,169
Me Contracting Inc
Construction
$612,164
Net Unlimited Cabling Solutions Ll
Computer Services
$460,288
Bob Mccloskey Agency Llc
Insurance
$280,454
Wiley Edu Llc
Online Pp
$179,949
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$35,080
Related organizations$0
Government grants $6,292,553
All other contributions, gifts, grants, and similar amounts not included above$12,498,663
Noncash contributions included in lines 1a–1f $7,169,971
Total Revenue from Contributions, Gifts, Grants & Similar$18,826,296
Total Program Service Revenue$68,484,455
Investment income $788,865
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $907,718
Net Income from Fundraising Events -$31,451
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $89,510,877

Grants Recieved

Over the last fiscal year, we have identified 18 grants that Methodist University Inc has recieved totaling $678,566.

Awarding OrganizationAmount
Cumberland Community Foundation Inc

Fayetteville, NC

PURPOSE: CHARITABLE GIFT

$232,352
Thomas R & Elizabeth E Mclean Foundation Inc

Fayetteville, NC

PURPOSE: NAMING OF HEALTH & SCIENCES BUILDING

$200,000
Communities Foundation Of Texas

Dallas, TX

PURPOSE: THIS GRANT IS DESIGNATED FOR GENERAL SUPPORT.

$68,903
J W & D B Wyatt Foundation

Fayetteville, NC

PURPOSE: OPERATING GENERAL BUDGET

$50,827
Florence Rogers Charitable Trust

Fayetteville, NC

PURPOSE: PA PROGRAM

$47,045
North Carolina Independent Colleges & Universities

Raleigh, NC

PURPOSE: PROVIDE SCHOLARSHIP FUNDS

$27,383
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$35,584,188
Earnings-$3,671,322
Admin Expense$123,050
Net Contributions$11,533,191
Other Expense$720,262
Grants$710,165
Ending Balance$41,892,580

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