North Greenville University
- Assets
- $119.1m
- Revenue
- $70.9m
- Investments
- $13.6m
- Employees
- 1,071
- Location
- Tigerville, SC
- Founding
- 07/1946
- Data as of
- 05/2022
- EIN
- 57-0314406
Organization Overview
North Greenville University is located in Tigerville, SC. The organization was established in 1946. According to its NTEE Classification (B41) the organization is classified as: Two-Year Colleges, under the broad grouping of Education and related organizations. As of 05/2022, North Greenville University employed 1,071 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. North Greenville 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, North Greenville University generated $70.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.7% each year. All expenses for the organization totaled $68.8m during the year ending 05/2022. While expenses have increased by 1.9% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE UNIVERSITY OFFERS A QUALITY EDUCATION IN A BIBLICALLY SOUND, CHRIST-CENTERED ENVIRONMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE UNIVERSITY PROVIDED ACADEMIC INSTRUCTION TO 1982 UNDERGRADUATE STUDENTS DURING THE YEAR, OFFERING PROGRAMS FROM A LIBERAL ARTS CORE WHICH CHALLENGED THE STUDENTS TO IMPROVE THEIR ABILITIES TO THINK CRITICALLY AND COMMUNICATE CLEARLY. THE MAJORITY OF UNDERGRADUATE INSTRUCTION IS OFFERED IN-PERSON BY FULL-TIME FACULTY SERVING AT THE UNIVERSITY'S TIGERVILLE CAMPUS. FACULTY COMMIT TO PURSUE THE INSTITUTIONAL MISSION WHEN THEY ARE OFFERED POSITIONS WITH THE UNIVERSITY, EQUIPPING STUDENTS TO BECOME TRANSFORMATIONAL LEADERS FOR CHURCH AND SOCIETY. AS AN EXTENSION OF THE INSTITUTIONAL MISSION, THE UNIVERSITY FIELDED VARSITY ATHLETIC PROGRAMS IN 21 NCAA DIVISION II SPORTS DURING THE YEAR WITH 530 STUDENT-ATHLETES PARTICIPATING.
THE UNIVERSITY PROVIDED ACADEMIC INSTRUCTION TO 291 GRADUATE STUDENTS DURING THE YEAR. THE MASTER'S AND DOCTORAL-LEVEL INSTRUCTION IS DESIGNED TO ENHANCE THE STUDENT'S PROFESSIONAL SKILLS. NGU GRADUATE DEGREES IN MINISTRY, BUSINESS, EDUCATION, MUSIC AND PHYSICIAN ASSISTANT FIELDS ARE COORDINATED THROUGH THE UNIVERSITY'S GREER CAMPUS. FACULTY COMMIT TO THE INSTITUTIONAL MISSION WHEN THEY ACCEPT TEACHING ROLES WITH THE UNIVERSITY, HELPING GRADUATE STUDENTS STRENGTHEN THEIR ABILITIES TO SERVE AS TRANSFORMATIONAL LEADERS FOR CHURCH AND SOCIETY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Gene Fant President | Officer | 40 | $298,167 |
Rich Grimm Executive VP | Officer | 40 | $183,528 |
Michael Stowell Senior VP Of Finance | Officer | 40 | $181,748 |
Jordan M Hairr Pa Program Dir. & Asst. Professor | 40 | $152,959 | |
John Duncan Dean Coll. Of Bus. & Prof Of Acct. | 40 | $139,308 | |
Michael J White Vice President Of Enrollment Services | 40 | $134,908 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Slingshot Lp Campus Store Services | 5/30/22 | $1,192,935 |
The Budd Group Landscape & Janitorial Services | 5/30/22 | $1,390,602 |
Stamats Communications Inc Media Advertising | 5/30/22 | $943,022 |
Afs Llc Construction Services | 5/30/22 | $586,858 |
Aramark Services Inc Food Service | 5/30/22 | $3,654,832 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $1,146,521 |
| Government grants | $7,736,261 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,403,076 |
| Noncash contributions included in lines 1a–1f | $255,083 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $13,285,858 |
| Total Program Service Revenue | $55,147,684 |
| Investment income | $1,161,030 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $59,158 |
| Net Gain/Loss on Asset Sales | $1,210,682 |
| Net Income from Fundraising Events | $54,565 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $70,918,977 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $20,257,829 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $938,571 |
| Compensation of current officers, directors, key employees. | $767,700 |
| Compensation to disqualified persons | $70,289 |
| Other salaries and wages | $22,191,700 |
| Pension plan accruals and contributions | $377,734 |
| Other employee benefits | $2,111,302 |
| Payroll taxes | $1,590,207 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $22,513 |
| Fees for services: Accounting | $71,758 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $300,240 |
| Fees for services: Other | $1,829,887 |
| Advertising and promotion | $742,123 |
| Office expenses | $1,424,448 |
| Information technology | $289,910 |
| Royalties | $0 |
| Occupancy | $1,505,317 |
| Travel | $491,948 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $66,318 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,082,419 |
| Insurance | $529,296 |
| All other expenses | $4,732,141 |
| Total functional expenses | $68,788,058 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $867,106 |
| Savings and temporary cash investments | $10,691,910 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $1,587 |
| Inventories for sale or use | $175,717 |
| Prepaid expenses and deferred charges | $362,295 |
| Net Land, buildings, and equipment | $65,420,627 |
| Investments—publicly traded securities | $24,506,709 |
| Investments—other securities | $13,636,859 |
| Investments—program-related | $1,175,001 |
| Intangible assets | $0 |
| Other assets | $2,229,996 |
| Total assets | $119,067,807 |
| Accounts payable and accrued expenses | $3,885,060 |
| Grants payable | $0 |
| Deferred revenue | $4,120,163 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $50,665 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $47,917 |
| Unsecured mortgages and notes payable | $66,771 |
| Other liabilities | $459,096 |
| Total liabilities | $8,629,672 |
| Net assets without donor restrictions | $69,868,000 |
| Net assets with donor restrictions | $40,570,135 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $119,067,807 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that North Greenville University has recieved totaling $6,100.
| Awarding Organization | Amount |
|---|---|
Champion For Christ Foundation Inc Greenville, SC PURPOSE: TO SUPPORT THE COST AND EXPENSES OF HIGHER LEARNING | $6,100 |
Endowment Analysis
| Beg. Balance | $40,545,952 |
| Earnings | -$2,758,825 |
| Net Contributions | $237,543 |
| Grants | $3,391,346 |
| Ending Balance | $34,633,324 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
North Greenville University Tigerville, SC | $119,067,807 | $70,918,977 |
Young Harris College Young Harris, GA | $174,387,873 | $47,760,154 |
William Peace University Raleigh, NC | $89,474,772 | $34,889,332 |
Truett Mcconnell University Inc Cleveland, GA | $54,652,969 | $32,427,096 |
Spartanburg Methodist College Spartanburg, SC | $52,317,686 | $26,371,934 |
Louisburg College Louisburg, NC | $47,886,546 | $23,005,525 |
Saint Marys School Raleigh, NC | $74,590,364 | $23,129,284 |
Andrew College Cuthbert, GA | $29,741,190 | $11,623,662 |
Clinton College Rock Hill, SC | $6,214,571 | $5,235,874 |
Wilkes Community College Foundation Inc Wilkesboro, NC | $12,311,546 | $8,211,087 |
Wake Technical Community College Foundation Inc Raleigh, NC | $24,851,874 | $5,743,743 |
Abraham Baldwin Agricultural College Foundation Inc Tifton, GA | $42,241,656 | $6,873,276 |