North Carolina Wesleyan University
86% goes to programs $10 to raise $100 Strong reserves Declining revenue
North Carolina Wesleyan University is a 501(c)(3) organization based in Rocky Mount, North Carolina, registered in 1961, with $48,471,791 in FY2024 revenue. CharityIndex grades it A, and it directs about 86% of spending to programs.
3400 N Wesleyan Blvd, Rocky Mount, NC, 27804 EIN 56-0686603 Since 1961
Revenue (FY2024)
$48.5M
▲ 2.3% vs prior year
Education median: $200K
Expenses (FY2024)
$52.3M
Net assets
$39.2M
Employees
648
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 rating86% to programs · $10 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 North Carolina Wesleyan University: 86% to programs · $10 to raise $100 earns a A on this criterion. See the exact thresholds →
B+Financial health25% of the rating9 mo reserves · -8% 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 North Carolina Wesleyan University: 9 mo reserves · -8% margin earns a B+ 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 North Carolina Wesleyan 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 North Carolina Wesleyan University: 5 of 5 disclosure signals earns a A+ on this criterion. See the exact thresholds →
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Mission
To prepare students for professional advancement, life-long learning, and responsible participation in their communities.
What they do
Public service - operated the dunn center for the performing arts, open to the community and eastern north carolina.
Contact & location
- Address
- 3400 N Wesleyan Blvd, Rocky Mount, NC, 27804
- City
- Rocky Mount
- State
- North Carolina
- Category
- Education
- Subcategory
- Colleges & Universities
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $32.9M (FY2013) to $48.5M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $26.7MNet assets $39.2M
Operating margin
-7.9%
Spent more than it raised in the latest fiscal year.
Total assets
$65.9M
Total liabilities
$26.7M
Net assets
$39.2M
Salaries & benefits
$15.7M
30% of expenses
Board members
21
21 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $48,471,791▲2.3% | $52,315,614▲3.7% | $39,216,030▼7.9% | $65,927,699▼0.2% | 990 |
| 2023 | $47,392,754▼0.3% | $50,472,431▼3.9% | $42,597,322▼4.4% | $66,064,047▲8.9% | 990 |
| 2022 | $47,525,427▼16.8% | $52,498,420▼4.5% | $44,545,704▼10.8% | $60,676,201▼7.0% | 990 |
| 2021 | $57,107,518▼1.1% | $54,948,077▲2.5% | $49,921,354▲0.7% | $65,274,015▲1.6% | 990 |
| 2020 | $57,746,021▼9.5% | $53,625,053▼3.5% | $49,593,520▲14.8% | $64,234,386▲7.5% | 990 |
| 2019 | $63,797,680▲17.5% | $55,592,116▼0.7% | $43,201,273▲23.0% | $59,732,981▲12.2% | 990 |
| 2018 | $54,293,764▲2.5% | $55,976,435▲6.8% | $35,135,301▼5.3% | $53,240,207▼2.8% | 990 |
| 2017 | $52,982,702▲11.0% | $52,428,327▲10.8% | $37,100,693▲0.3% | $54,791,663▲3.9% | 990 |
| 2016 | $47,713,124▲2.7% | $47,305,228▲4.9% | $36,995,490▲2.8% | $52,759,263▲4.5% | 990 |
| 2015 | $46,446,740▲20.0% | $45,092,172▲12.1% | $36,003,989▲2.4% | $50,480,649▲0.6% | 990 |
| 2014 | $38,692,832▲17.6% | $40,222,910▲24.0% | $35,174,863▼4.1% | $50,194,587▲3.0% | 990 |
| 2013 | $32,890,854 | $32,439,828▲11.8% | $36,693,029▲2.0% | $48,734,201▲5.5% | 990 |
| 2012 | — | $29,020,793 | $35,967,777▲14.6% | $46,176,421▲11.8% | 990 |
| 2011 | — | $29,017,545▼1.6% | $31,395,498▼0.4% | $41,316,945▲4.6% | 990 |
| 2010 | — | $29,479,089▲1.9% | $31,517,021▲0.8% | $39,490,831▲1.2% | 990 |
| 2009 | — | $28,918,171 | $31,264,315 | $39,015,337 | 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: Mr Evan D Duff — $300,211 (0.57% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Mr Evan D Duff | President | 40 | $300,211 |
| Mr Joseph H Lane Jr | Provost and Svp of Academi | 40 | $168,261 |
| Ms Suzanne P Brackett | Svp-administration | 40 | $155,500 |
| Mr Aaron V Denton | Vp of Athletics | 40 | $123,738 |
| Mr John M Thompson | Head Men's Basketball Coac | 40 | $119,465 |
| Mr Mark H Hinson | Vp of Advancement | 40 | $118,464 |
| Ms Crystal P Ostheim | Director of Nursing & Initiatives | 40 | $116,700 |
| Mr Meir Magal | Professor - Exercise Science | 40 | $108,313 |
| Ms Katie M Farrell | Dean of Adult and Professional Studies | 40 | $104,800 |
| Mr Jeffrey W Sears | Director of Campus Safety | 40 | $103,624 |
| Ms Cynthia W Edwards | Chief Engagement Officer | 40 | $69,177 |
| Mr Oscar A Rodriguez | Dean of Traditional Enrollment | 40 | $15,022 |
| Dr Daniel L Crocker | Past Chairman | 5 | — |
| Dr Lawanda Peace | Trustee | 5 | — |
| Mr Arnold Gordon-bray | Trustee | 5 | — |
| Mr Baxter Myers | Trustee | 5 | — |
| Mr Dan L Bell | Trustee | 5 | — |
| Mr David Joyner | Ex Officio | 5 | — |
| Mr Harry Bynum | Trustee | 5 | — |
| Mr Jerome Ma | Trustee | 5 | — |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Aramark Services Inc | Food Service | $2,118,075 |
| Calvin Davenport | Construction Contractor | $721,802 |
| Jenzabar Inc | Software Services | $499,104 |
| Radio Werks LLC | Media Services | $347,943 |
| Piedmont Service Group | Facilities Maintenance | $326,103 |
Grants received · $6.3M total
55 grants to North Carolina Wesleyan University totaling $6.3M, reported by foundations on their Schedule I filings — showing the 15 most recent.
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Frequently asked questions
- Is North Carolina Wesleyan University a legitimate nonprofit?
- Yes. North Carolina Wesleyan University is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 56-0686603, based in Rocky Mount, North Carolina. Donations are tax-deductible.
- What is North Carolina Wesleyan University's EIN?
- North Carolina Wesleyan University's Employer Identification Number (EIN) is 56-0686603.
- How much revenue does North Carolina Wesleyan University report?
- North Carolina Wesleyan University reported $48,471,791 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of North Carolina Wesleyan University's spending goes to programs?
- North Carolina Wesleyan University spends about 86% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does North Carolina Wesleyan University have?
- CharityIndex grades North Carolina Wesleyan University A, based on program efficiency and fundraising cost.
- How much does North Carolina Wesleyan University's highest-paid employee make?
- The highest reported compensation on North Carolina Wesleyan University's latest Form 990 is $300,211, paid to Mr Evan D Duff (President).
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Data for North Carolina Wesleyan University (EIN 56-0686603) 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.