Faulkner University
88% goes to programs $6 to raise $100 Strong reserves Growing revenue
Faulkner University is a 501(c)(3) organization based in Montgomery, Alabama, registered in 1950, with $84,294,916 in FY2024 revenue. CharityIndex grades it A, and it directs about 88% of spending to programs.
5345 Atlanta Hwy, Montgomery, AL, 36109 EIN 63-0329409 Since 1950
Revenue (FY2024)
$84.3M
▲ 0.8% vs prior year
Education median: $200K
Expenses (FY2024)
$74.5M
Net assets
$82.9M
Employees
1,012
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A
AProgram efficiency40% of the rating88% to programs · $6 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 Faulkner University: 88% to programs · $6 to raise $100 earns a A on this criterion. See the exact thresholds →
AFinancial health25% of the rating13 mo reserves · +12% 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 Faulkner University: 13 mo reserves · +12% 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 Faulkner 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 Faulkner University: 5 of 5 disclosure signals earns a A+ on this criterion. See the exact thresholds →
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Mission
Educational institution
What they do
Student service - other non-instructional services provided for students
Auxiliary enterprises - provided lodging, board, books and related supplies and needs for students and the campus community.
Contact & location
- Address
- 5345 Atlanta Hwy, Montgomery, AL, 36109
- City
- Montgomery
- State
- Alabama
- Category
- Education
- Subcategory
- Colleges & Universities
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $52.6M (FY2013) to $84.3M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $45.4MNet assets $82.9M
Operating margin
11.7%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$128.3M
Total liabilities
$45.4M
Net assets
$82.9M
Salaries & benefits
$31.7M
43% of expenses
Board members
36
33 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $84,294,916▲0.8% | $74,453,088▲4.4% | $82,917,906▲14.9% | $128,342,493▲11.3% | 990 |
| 2023 | $83,641,697▲27.5% | $71,300,188▲8.7% | $72,179,616▲25.1% | $115,341,167▲14.8% | 990 |
| 2022 | $65,624,113▼6.4% | $65,600,377▼1.0% | $57,685,137▼1.2% | $100,457,914▼1.1% | 990 |
| 2021 | $70,137,760▲4.6% | $66,259,457▲10.7% | $58,401,414▲5.1% | $101,589,206▲0.6% | 990 |
| 2020 | $67,083,381▲21.5% | $59,855,100▲6.0% | $55,541,985▲24.2% | $100,979,014▲11.5% | 990 |
| 2019 | $55,209,343▼0.3% | $56,444,383▲1.3% | $44,711,903▼6.4% | $90,552,154▲2.2% | 990 |
| 2018 | $55,378,806▼0.8% | $55,744,912▼0.3% | $47,780,192▲0.4% | $88,614,653▼1.9% | 990 |
| 2017 | $55,842,619▼3.9% | $55,939,044▼1.1% | $47,581,424▲0.2% | $90,319,289▼0.6% | 990 |
| 2016 | $58,110,752▲3.9% | $56,544,570▼0.3% | $47,496,342▲5.6% | $90,853,950▲8.3% | 990 |
| 2015 | $55,904,597▲0.2% | $56,742,133▲2.8% | $44,976,526▼4.8% | $83,911,347▼5.5% | 990 |
| 2014 | $55,770,586▲6.0% | $55,222,104▲0.6% | $47,260,783▲1.4% | $88,832,578▲0.3% | 990 |
| 2013 | $52,612,603 | $54,918,760▲1.6% | $46,616,488▼3.6% | $88,544,132▼2.7% | 990 |
| 2012 | — | $54,052,889▲5.6% | $48,342,655▲2.1% | $91,027,958▼0.6% | 990 |
| 2011 | — | $51,184,078▲8.7% | $47,357,409▲4.2% | $91,622,054▲1.4% | 990 |
| 2010 | — | $47,082,929 | $45,455,421 | $90,319,634 | 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: D Mitchell Henry — $292,157 (0.39% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| D Mitchell Henry | University President | 60 | $292,157 |
| Richard Boutwell | Chief of Staff | 50 | $195,053 |
| Justin Bond | Dean-college of Business | 50 | $177,528 |
| Charles Campbell | Dean-jones School of Law | 50 | $169,292 |
| Gerald Jones | University General Counsel | 50 | $155,476 |
| Heath Willingham | Director, Msc Program | 40 | $152,452 |
| Heather Mount | Director, Dpt Program | 40 | $151,505 |
| Michael Deboer | Associate Professor; Assoc | 40 | $144,558 |
| Dave Rampersad | Vice President- Academic Affairs | 50 | $141,611 |
| Joseph Vickery | Vice President-finance | 50 | $130,441 |
| Bob Lee | Trustee | 0 | — |
| Brian Mitchell | Trustee | 0 | — |
| Carlton L Freeman | Trustee - Secretary | 0 | — |
| Commissioner Roy Johnson | Trustee - Parliamentarian | 0 | — |
| Dale Kirkland | Trustee Chair | 0 | — |
| Dr Billy Lambert | Trustee | 0 | — |
| Dr Bud Stumbaugh | Trustee | 0 | — |
| Dr Henri Mcdaniel | Trustee | 0 | — |
| Dr Jeff Langham | Trustee | 0 | — |
| Dr Kristi Busby | Trustee | 0 | — |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Marshall Design Build LLC | Building Projects | $3,204,071 |
| Culinary Management Solutions | Cafeteria & Catering Services | $2,025,937 |
| Ilawventures LLC | Marketing/recruiting | $1,929,697 |
| National Management Resources | Maintenance Outsourcing | $1,730,352 |
| Newell Roadbuilders Inc | Pedestrian Bridge Project | $1,380,000 |
Grants received · $33.9M total
25 grants to Faulkner University totaling $33.9M, reported by foundations on their Schedule I filings — showing the 15 most recent.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Raymond James Charitable Endowment Fund | General support | 2024 | $70,000 |
| National Christian Charitable Foundation | Colleges and universities | 2024 | $10,500 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2023 | $21,339,870 |
| Raymond James Charitable Endowment Fund | General support | 2023 | $70,000 |
| Donor Advised Charitable Giving | Education | 2023 | $51,750 |
| Guardian Credit Union | Support faulkner university | 2023 | $25,000 |
| National Christian Charitable Foundation | Growth | 2023 | $19,000 |
| Morgan Stanley Global Impact Funding Trust Inc | Unrestricted general support | 2023 | $5,000 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2022 | $6,130,445 |
| Guardian Credit Union | Support faulkner university | 2022 | $25,000 |
| Donor Advised Charitable Giving | Education | 2022 | $18,500 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2021 | $36,900 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2021 | $36,900 |
| Guardian Credit Union | Support faulkner university | 2021 | $25,000 |
| Donor Advised Charitable Giving | Education | 2021 | $13,500 |
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Compare Faulkner University
Frequently asked questions
- Is Faulkner University a legitimate nonprofit?
- Yes. Faulkner University is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 63-0329409, based in Montgomery, Alabama. Donations are tax-deductible.
- What is Faulkner University's EIN?
- Faulkner University's Employer Identification Number (EIN) is 63-0329409.
- How much revenue does Faulkner University report?
- Faulkner University reported $84,294,916 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of Faulkner University's spending goes to programs?
- Faulkner University spends about 88% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Faulkner University have?
- CharityIndex grades Faulkner University A, based on program efficiency and fundraising cost.
- How much does Faulkner University's highest-paid employee make?
- The highest reported compensation on Faulkner University's latest Form 990 is $292,157, paid to D Mitchell Henry (University President).
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Data for Faulkner University (EIN 63-0329409) 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.