Elon University
86% goes to programs $38 to raise $100 Strong reserves Growing revenue
Elon University is a 501(c)(3) organization based in Elon, North Carolina, registered in 1939, with $441,401,510 in FY2024 revenue. CharityIndex grades it B+, and it directs about 86% of spending to programs.
Po Box 398, Elon, NC, 27244 EIN 56-0532303 Since 1939
Revenue (FY2024)
$441.4M
▲ 6.9% vs prior year
Education median: $200K
Expenses (FY2024)
$435.5M
Net assets
$960.0M
Employees
4,885
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
B+
C+Program efficiency40% of the rating86% to programs · $38 to raise $100
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For Elon University: 86% to programs · $38 to raise $100 earns a C+ on this criterion. See the exact thresholds →
AFinancial health25% of the rating26 mo reserves · +1% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Elon University: 26 mo reserves · +1% margin earns a A on this criterion. See the exact thresholds →
A+Governance25% of the rating6 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Elon University: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
A+Transparency10% of the rating5 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Elon University: 5 of 5 disclosure signals earns a A+ on this criterion. See the exact thresholds →
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Mission
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.
What they do
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.
Contact & location
- Address
- Po Box 398, Elon, NC, 27244
- City
- Elon
- State
- North Carolina
- Category
- Education
- Subcategory
- Colleges & Universities
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $252.1M (FY2013) to $441.4M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $290.0MNet assets $960.0M
Operating margin
1.3%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$1.2B
Total liabilities
$290.0M
Net assets
$960.0M
Salaries & benefits
$187.0M
43% of expenses
Board members
37
37 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $441,401,510▲6.9% | $435,481,777▲9.3% | $959,979,510▲6.0% | $1,249,999,745▲3.6% | 990 |
| 2023 | $412,993,975▲6.2% | $398,332,753▲9.3% | $905,405,096▲8.5% | $1,207,035,090▲10.8% | 990 |
| 2022 | $389,061,937▲4.0% | $364,591,003▲11.1% | $834,772,748▲3.9% | $1,089,819,472▲1.3% | 990 |
| 2021 | $374,224,853▲6.2% | $328,173,984▲8.3% | $803,243,195▲4.2% | $1,076,200,947▲2.3% | 990 |
| 2020 | $352,222,203▲7.2% | $303,110,997▼3.7% | $770,621,806▲19.2% | $1,051,841,524▲17.7% | 990 |
| 2019 | $328,453,491▼1.5% | $314,796,690▲1.3% | $646,275,264▲0.5% | $893,737,232▼0.8% | 990 |
| 2018 | $333,468,210▲7.1% | $310,790,295▲8.6% | $642,860,041▲5.1% | $901,041,945▲1.7% | 990 |
| 2017 | $311,393,468▲0.6% | $286,156,692▲6.4% | $611,409,125▲8.4% | $886,158,883▲8.3% | 990 |
| 2016 | $309,489,611▲7.7% | $268,985,530▲3.9% | $564,218,690▲13.1% | $817,920,992▲17.9% | 990 |
| 2015 | $287,489,713▲1.8% | $258,843,254▲4.6% | $498,688,878▲4.8% | $693,942,236▲3.1% | 990 |
| 2014 | $282,311,533▲12.0% | $247,476,836▲9.5% | $475,970,628▲12.9% | $673,167,588▲7.3% | 990 |
| 2013 | $252,092,599 | $225,973,728▲7.0% | $421,701,323▲13.5% | $627,584,886▲8.4% | 990 |
| 2012 | — | $211,126,005▲2.3% | $371,602,127▲14.2% | $579,055,241▲20.0% | 990 |
| 2011 | — | $206,309,731▲12.0% | $325,320,619▲1.7% | $482,745,632▲12.6% | 990 |
| 2010 | — | $184,133,790▲8.4% | $320,022,143▲12.2% | $428,882,705▲9.0% | 990 |
| 2009 | — | $169,911,138 | $285,253,036 | $393,380,107 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2024)
Highest-paid: Dr Constance L Book — $646,310 (0.15% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Dr Constance L Book | President | 40 | $646,310 |
| William Taylor | Head Men's Basketball Coach | 40 | $467,446 |
| Tony Trisciani | Football Coach | 40 | $393,001 |
| Janet Williams | Vp For Finance and Administration | 40 | $382,676 |
| James Piatt | Vice Pres - Uni. Advancement | 40 | $379,079 |
| Jennifer Strawley | Director of Athletics | 40 | $366,581 |
| Rebecca Kohn | Provost, Vp Academic Affairs | 40 | $360,739 |
| Dr Raghuram Tadepalli | Dean-school of Bus. | 40 | $357,812 |
| Haya Ajjan | Dean-school of Bus. | 40 | $316,931 |
| Zak Kramer | Dean and Prof. of Law | 40 | $315,343 |
| David L Dave Blank | Special Assistant To the President | 40 | $262,239 |
| Dr Jonathan C Dooley | Vice Pres of Student Life | 40 | $247,710 |
| Allen E Gant Jr | Trustee | 1 | — |
| Charles R Clohan | Trustee | 1 | — |
| Chris P Martin | Trustee | 1 | — |
| Dalton L Mcmichael Jr | Trustee | 1 | — |
| David C Porter | Chair | 1 | — |
| Debra Del Vecchio | Trustee | 1 | — |
| Dr William N P Herbert | Trustee | 1 | — |
| Edmond N Moriarty | Past - Chair | 1 | — |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Aramark Services Inc | Dining Services | $29,766,028 |
| New Atlantic Contracting Inc | Construction | $15,918,757 |
| Davie Construction Company | Construction | $4,123,118 |
| Edifice LLC | Construction | $3,174,722 |
| Accademia Europea Di Firenze Sr | Study Abroad | $2,940,105 |
Grants received · $28.2M total
255 grants to Elon University totaling $28.2M, reported by foundations on their Schedule I filings — showing the 15 most recent.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Lettie Pate Whitehead Foundation Inc | For general scholarship support. | 2024 | $325,000 |
| Neo Philanthropy Inc | Program grant | 2024 | $260,000 |
| Columbus Foundation | Education | 2024 | $107,500 |
| Morgan Stanley Global Impact Funding Trust Inc | Unrestricted general support | 2024 | $64,500 |
| Charities Aid Foundation America | Charitable donation | 2024 | $57,921 |
| American Online Giving Foundation Inc | General support | 2024 | $48,923 |
| The Bessemer Giving Fund | Scholarship fund | 2024 | $36,000 |
| Gs Donor Advised Philanthropy Fund For Wealth Management Inc | Education | 2024 | $28,500 |
| Bny Mellon Charitable Gift Fund | To further the organization's exempt purpose | 2024 | $25,000 |
| Foundation For the Carolinas | Charitable gift | 2024 | $20,000 |
| Jewish Communal Fund | In furtherance of grantee's tax-exempt purpose | 2024 | $14,550 |
| American Endowment Foundation | Educational | 2024 | $14,250 |
| The Community Foundation For Greater Atlanta Inc | Religion related | 2024 | $10,500 |
| The Community Foundation of Greater Birmingham | Education; daf funded | 2024 | $10,000 |
| Winston-salem Foundation | 3 grant(s) for varying purposes | 2024 | $8,000 |
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Compare Elon University
Frequently asked questions
- Is Elon University a legitimate nonprofit?
- Yes. Elon University is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 56-0532303, based in Elon, North Carolina. Donations are tax-deductible.
- What is Elon University's EIN?
- Elon University's Employer Identification Number (EIN) is 56-0532303.
- How much revenue does Elon University report?
- Elon University reported $441,401,510 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of Elon University's spending goes to programs?
- Elon University spends about 86% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Elon University have?
- CharityIndex grades Elon University B+, based on program efficiency and fundraising cost.
- How much does Elon University's highest-paid employee make?
- The highest reported compensation on Elon University's latest Form 990 is $646,310, paid to Dr Constance L Book (President).
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Explore more
Data for Elon University (EIN 56-0532303) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.