Queens University of Charlotte
75% goes to programs $27 to raise $100 Strong reserves
Queens University of Charlotte is a 501(c)(3) organization based in Charlotte, North Carolina, registered in 1942, with $88,428,382 in FY2022 revenue. CharityIndex grades it B+, and it directs about 75% of spending to programs.
1900 Selwyn Ave, Charlotte, NC, 28274 EIN 56-0530003 Since 1942
Revenue (FY2022)
$88.4M
▼ 4.8% vs prior year
Education median: $200K
Expenses (FY2022)
$108.9M
Net assets
$67.6M
Employees
1,089
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
B+
B+Program efficiency40% of the rating75% to programs · $27 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 Queens University of Charlotte: 75% to programs · $27 to raise $100 earns a B+ on this criterion. See the exact thresholds →
C+Financial health25% of the rating7 mo reserves · -23% 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 Queens University of Charlotte: 7 mo reserves · -23% margin earns a C+ 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 Queens University of Charlotte: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
BTransparency10% of the rating3 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 Queens University of Charlotte: 3 of 5 disclosure signals earns a B on this criterion. See the exact thresholds →
Show this grade on your website
A live seal — it updates automatically when the grade changes and links donors to this verified profile.
Mission
Queens university of charlotte provides educational experiences that transform students' lives and foster personal and professional success.
Contact & location
- Address
- 1900 Selwyn Ave, Charlotte, NC, 28274
- City
- Charlotte
- State
- North Carolina
- Category
- Education
- Subcategory
- Colleges & Universities
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $75.1M (FY2013) to $88.4M (FY2022) across 10 reported years.
Financial snapshot
Financial health & position (FY2022)
Liabilities $121.5MNet assets $67.6M
Operating margin
-23.1%
Spent more than it raised in the latest fiscal year.
Total assets
$189.1M
Total liabilities
$121.5M
Net assets
$67.6M
Salaries & benefits
$39.2M
36% of expenses
Board members
35
34 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2022 | $88,428,382▼4.8% | $108,892,619▲10.3% | $67,565,345▼13.2% | $189,105,263▼5.5% | 990 |
| 2021 | $92,927,014▲14.5% | $98,710,598▲15.3% | $77,815,742▲15.4% | $200,025,818▲16.2% | 990 |
| 2020 | $81,135,661▼12.2% | $85,585,196▼10.8% | $67,435,590▼1.5% | $172,081,537▼3.9% | 990 |
| 2019 | $92,451,416▼4.2% | $95,912,166▲1.6% | $68,448,010▼26.5% | $178,994,189▼7.0% | 990 |
| 2018 | $96,549,472▼7.4% | $94,412,085▲6.8% | $93,184,255▼3.1% | $192,519,485▲13.0% | 990 |
| 2017 | $104,303,504▼8.9% | $88,421,737▲11.0% | $96,196,648▲5.9% | $170,437,365▼2.4% | 990 |
| 2016 | $114,556,048▲44.8% | $79,680,829▲2.1% | $90,856,950▲75.1% | $174,549,244▲29.6% | 990 |
| 2015 | $79,130,567▲4.2% | $78,025,629▲4.7% | $51,896,043▼66.3% | $134,734,577▼41.9% | 990 |
| 2014 | $75,940,090▲1.1% | $74,514,970▲3.7% | $153,863,068▼0.4% | $232,069,231▼0.2% | 990 |
| 2013 | $75,112,094 | $71,822,418▲5.1% | $154,477,288▲12.7% | $232,436,439▲4.3% | 990 |
| 2012 | — | $68,322,973▼0.5% | $137,010,199▲2.2% | $222,901,872▲2.2% | 990 |
| 2011 | — | $68,655,023▲13.3% | $134,121,004▼5.4% | $218,176,923▲22.1% | 990 |
| 2010 | — | $60,584,036▲10.9% | $141,791,302▲53.2% | $178,756,903▲38.5% | 990 |
| 2009 | — | $54,641,845 | $92,582,183 | $129,078,888 | 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 (FY2022)
Highest-paid: Daniel Lugo — $525,693 (0.48% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Daniel Lugo | President, Ex-officio, B.o.t. | 60 | $525,693 |
| Paul Joyce | Exec Dir, Exec Leadership Prog | 40 | $253,115 |
| Sarah Fatherly | Vp For Academic Affairs | 50 | $249,130 |
| Richard Majerus | Vp, Planning & Strategy | 50 | $240,989 |
| Richard Mathieu | Dean Mccoll School of Business | 40 | $228,937 |
| Jennifer Ericksen | Vp For Advancement | 50 | $223,724 |
| Mary Alice Boyd | Cfo, Vp For Administration | 50 | $222,878 |
| John Bennett | Professor of Business | 40 | $222,441 |
| Pamela Davies | Prof of Strategy&pres Emerita | 40 | $210,576 |
| Oliver Carias | Head Coach, Men's Soccer | 40 | $205,624 |
| Adrienne Oddi | Vp, Enrollment Mgmt & Mktg | 50 | $205,041 |
| Maria Flores-mills | Vp, Student Engagement & Dean | 50 | $204,680 |
| Cherie Swarthout | Director of Athletics | 50 | $162,317 |
| Andrea Smith | Trustee | 1 | — |
| Audean Godehn | Trustee | 1 | — |
| Bailey W Patrick | Trustee | 1 | — |
| Brandon D Perry | Trustee | 1 | — |
| Brian D Savoy | Trustee | 1 | — |
| Brian Natwick | Trustee | 1 | — |
| Caroline Sink | Trustee | 1 | — |
Top vendors & contractors (FY2022)
| Contractor | Services | Paid |
|---|---|---|
| James R Vannoy Sons Constr Co | Construction Svcs | $5,232,513 |
| Chartwells Higher Education Dining | Food & Beverage Svcs | $4,038,812 |
| Cmta Inc | Construction Svcs | $3,907,408 |
| Ssc Services For Education | Property Management | $3,387,702 |
| Atrium Health | Health Care Services | $1,261,294 |
Grants received · $31.7M total
106 grants to Queens University of Charlotte totaling $31.7M, reported by foundations on their Schedule I filings — showing the 15 most recent.
Similar organizations in Education
- Education
University of North Carolina At Greensboro Investment Fund Inc
Greensboro, NC
$92.4M
Aannual revenue
Education
Meredith College
Raleigh, NC
$81.8M
Aannual revenue
Education
Gardner-webb University
Boiling Spgs, NC
$101.9M
Aannual revenue
Education
Methodist University Inc
Fayetteville, NC
$81.6M
Aannual revenue
Education
Lenoir-rhyne University
Hickory, NC
$81.1M
Aannual revenue
Education
Wake Forest University Health Sciences Group Return
Winstonsalem, NC
$106.7M
Aannual revenue
Education
Unc Health Foundation Inc
Chapel Hill, NC
$71.6M
Aannual revenue
Education
Thales Academy
Raleigh, NC
$71.2M
Aannual revenue
Education
Providence Day School
Charlotte, NC
$70.2M
C+annual revenue
- Education
Charlotte Country Day School
Charlotte, NC
$67.4M
B+annual revenue
Compare Queens University of Charlotte
Frequently asked questions
- Is Queens University of Charlotte a legitimate nonprofit?
- Yes. Queens University of Charlotte is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 56-0530003, based in Charlotte, North Carolina. Donations are tax-deductible.
- What is Queens University of Charlotte's EIN?
- Queens University of Charlotte's Employer Identification Number (EIN) is 56-0530003.
- How much revenue does Queens University of Charlotte report?
- Queens University of Charlotte reported $88,428,382 in total revenue on its fiscal year 2022 IRS Form 990 filing.
- How much of Queens University of Charlotte's spending goes to programs?
- Queens University of Charlotte spends about 75% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Queens University of Charlotte have?
- CharityIndex grades Queens University of Charlotte B+, based on program efficiency and fundraising cost.
- How much does Queens University of Charlotte's highest-paid employee make?
- The highest reported compensation on Queens University of Charlotte's latest Form 990 is $525,693, paid to Daniel Lugo (President, Ex-officio, B.o.t.).
More nonprofits in Charlotte
Explore more
Data for Queens University of Charlotte (EIN 56-0530003) 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.