Wofford College

Organization Overview

Wofford College is located in Spartanburg, SC. The organization was established in 1937. According to its NTEE Classification (B42) the organization is classified as: Undergraduate Colleges, under the broad grouping of Education and related organizations. As of 06/2021, Wofford College employed 1,057 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wofford College 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 06/2020, Wofford College generated $116.1m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (6.7%) each year. All expenses for the organization totaled $120.0m during the year ending 06/2020. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2020

Describe the Organization's Mission:

Part 3 - Line 1

THE PURPOSE OF WOFFORD COLLEGE IS TO FUNCTION AS A LIBERAL ARTS INSTITUTION OF SUPERIOR QUALITY.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE COLLEGE PROVIDED A LIBERAL ARTS EDUCATION TO APPROXIMATELY 1,775 STUDENTS FOR 2020-21, GRADUATING APPROXIMATELY 350 STUDENTS WITH BA OR BS DEGREES.THE COLLEGE IS COMMITTED TO AFFORDABILITY AND ACCESS TO STUDENTS OF ALL BACKGROUNDS. THE COLLEGE DISTRIBUTED IN EXCESS OF $47 MILLION IN FINANCIAL AID TO ASSIST STUDENTS IN MEETING THE FINANCIAL OBLIGATIONS OF ATTENDING THE INSTITUTION.


THE COLLEGE PROVIDED AUXILIARY SERVICES FOR THE CONVENIENCE OF STUDENTS, FACULTY, STAFF AND THE COMMUNITY. SUCH AUXILIARY ENTERPRISES INCLUDE STUDENT HOUSING, ATHLETICS, INTRAMURAL SPORTS, AND THE WELLNESS CENTER.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
The Robins & Morton Group
Construction
$20,004,751
Mcmillan Pazdan Smith Architecture Llc
Architectural Services
$1,328,960
Benistarhartford
Medical Services
$430,421
Spartanburg Regional Medical Center
Medical Services
$174,600
Cec Concrete
Construction
$262,443
View All Vendors

Financial Statements

Statement of Revenue
Total Revenue from Contributions, Gifts, Grants & Similar$15,695,334
Investment income $3,292,851
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $73,097
Net Gain/Loss on Asset Sales -$217,682
Net Income from Fundraising Events -$90,807
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $116,076,279

Grants Awarded

Over the last fiscal year, Wofford College has awarded $10,000 in support to 2 organizations.

Grant RecipientAmount

THE SPARTANBURG COUNTY FOUNDATION

Org PageRecipient Profile

Spartanburg, SC

PURPOSE: ORGANIZATIONAL SUPPORT

$5,000

Raleigh, NC

PURPOSE: ORGANIZATIONAL SUPPORT

$5,000
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 4 grants that Wofford College has recieved totaling $124,000.

Awarding OrganizationAmount
James Family Foundation Inc

Charlotte, NC

PURPOSE: SUPPORT ANNUAL FUND, SCHOLARSHIP FUND AND TERRIER CLUB

$65,000
James Family Foundation Inc

Charlotte, NC

PURPOSE: SUPPORT RENOVATIONS TO WELLNESS CENTER, ENDOWED SCHOLARSHIP FUND

$55,000
Wateree Dreams Foundation

Rock Hill, SC

PURPOSE: SCHOLARSHIPS

$2,000
J William And Elizabeth S Robinson Foundation Inc

Atlanta, GA

PURPOSE: FOR THE PROMOTION OF EDUCATIONAL DEVELOPMENT

$2,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$208,057,660
Earnings$71,820,974
Net Contributions$166,945,863
Other Expense$2,395,223
Grants$6,916,366
Ending Balance$437,512,908

Peer Organizations

Organization NameAssets
Furman University
Greenville, SC
$208,077,263
Davidson College
Davidson, NC
$194,756,860
Berry College Inc
Mount Berry, GA
$178,933,031
Anderson University
Anderson, SC
$130,183,026
Wofford College
Spartanburg, SC
$116,076,279
Spelman College
Atlanta, GA
$182,970,731
Morehouse College
Atlanta, GA
$206,029,432
Lenoir-Rhyne University
Hickory, NC
$101,403,823
Oglethorpe University Inc
Atlanta, GA
$78,800,641
Claflin University
Orangeburg, SC
$90,488,927
Catawba College
Salisbury, NC
$275,797,439
Benedict College
Columbia, SC
$61,010,211

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