The Corporation of Mercer University
95% goes to programs $6 to raise $100 Strong reserves
The Corporation of Mercer University is a 501(c)(3) organization based in Macon, Georgia, registered in 1946, with $477,213,144 in FY2023 revenue. CharityIndex grades it A+, and it directs about 95% of spending to programs.
1501 Mercer University Dr, Macon, GA, 31207 EIN 58-0566167 Since 1946
Revenue (FY2023)
$477.2M
▲ 9.8% vs prior year
Education median: $200K
Expenses (FY2023)
$443.8M
Net assets
$718.0M
Employees
4,506
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A+
A+Program efficiency40% of the rating95% 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 The Corporation of Mercer University: 95% to programs · $6 to raise $100 earns a A+ on this criterion. See the exact thresholds →
AFinancial health25% of the rating19 mo reserves · +7% 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 The Corporation of Mercer University: 19 mo reserves · +7% 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 The Corporation of Mercer 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 The Corporation of Mercer University: 5 of 5 disclosure signals earns a A+ 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
Mercer university's mission is to teach, to learn, to create, to discover, to inspire, to empower, and to serve.
What they do
Scholarships: these expenses are related to the support provided to the university's students based on donor stipulation, need, and merit. the university provides scholarship aid within 4 categories. mercer based aid scholarships are based on academic credentials and the scholarships are renewable up to 4 years. talent based aid scholarships are either athletic scholarships or music scholarships. need based aid scholarships are based on economic need. competitive aid scholarships are based on merit. over 90% of the university's students received scholarships and discounts.
Auxiliary services: the university's auxiliary services facilitates the creation of community, extends the learning environment beyond the classroom, and enhances the quality of campus life through the delivery of quality goods and services including residence, dining services, clinic operations, as well as athletic and retail operations for over 9,000 students. auxiliary services maintain the bear card system which provides for a variety of different dining options and easier access for students to pay for those options. auxiliary services also provides mail and document services as well as cable access for the university's student residences.
Contact & location
- Address
- 1501 Mercer University Dr, Macon, GA, 31207
- City
- Macon
- State
- Georgia
- Category
- Education
- Subcategory
- Colleges & Universities
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $317.3M (FY2013) to $477.2M (FY2023) across 11 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $320.5MNet assets $718.0M
Operating margin
7.0%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$1.0B
Total liabilities
$320.5M
Net assets
$718.0M
Salaries & benefits
$196.9M
44% of expenses
Board members
50
49 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $477,213,144▲9.8% | $443,819,035▲6.9% | $718,036,670▲8.5% | $1,038,550,349▼0.9% | 990 |
| 2022 | $434,660,951▼1.9% | $414,983,749▼0.5% | $661,926,145▲8.8% | $1,048,317,053▲8.1% | 990 |
| 2021 | $443,031,895▼0.2% | $417,045,694▲7.1% | $608,391,895▼3.3% | $969,819,190▼0.6% | 990 |
| 2020 | $444,048,225▲9.2% | $389,289,694▲2.9% | $629,131,531▲31.2% | $975,470,567▲17.0% | 990 |
| 2019 | $406,533,025▲2.7% | $378,383,886▲2.1% | $479,526,997▲5.0% | $834,032,550▲3.1% | 990 |
| 2018 | $396,023,419▲5.3% | $370,516,792▲5.0% | $456,753,235▲8.1% | $808,696,382▲8.7% | 990 |
| 2017 | $376,143,289▲4.3% | $352,944,856▲2.8% | $422,589,503▲10.3% | $743,858,053▲1.5% | 990 |
| 2016 | $360,628,035▲5.7% | $343,377,564▲2.3% | $383,288,632▲14.2% | $732,991,534▲5.1% | 990 |
| 2015 | $341,100,847 | $335,588,972▲3.2% | $335,715,737▼1.8% | $697,727,079▲15.2% | 990 |
| 2014 | $341,014,975▲7.5% | $325,174,723▲5.6% | $341,984,032▲2.6% | $605,766,431▲5.5% | 990 |
| 2013 | $317,310,260 | $308,059,388▲6.5% | $333,300,408▲12.8% | $574,337,651▲4.9% | 990 |
| 2012 | — | $289,316,908▲5.3% | $295,604,959▲9.1% | $547,249,532▲6.3% | 990 |
| 2011 | — | $274,677,631▲4.7% | $270,842,060▲0.1% | $514,650,059▲10.2% | 990 |
| 2010 | — | $262,317,005▲2.8% | $270,646,287▲21.5% | $467,126,295▲9.7% | 990 |
| 2009 | — | $255,182,680 | $222,677,608 | $425,651,235 | 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 (FY2023)
Highest-paid: Don Nakayama — $951,444 (0.21% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Don Nakayama | Senior Associate Dean/school of Medicine | 40 | $951,444 |
| William Underwood | President/professor | 40 | $672,316 |
| John Hawkins | Associate Professor | 40 | $491,494 |
| Jean Sumner | Dean/professor | 40 | $453,444 |
| James Netherton | Exec Vp-admin & Finance | 40 | $353,994 |
| David Davis | Provost | 40 | $341,763 |
| Gregory Gary | Head Men's Basketball Coach | 40 | $315,500 |
| Penny Elkins | Senior Vp For Entrollment Management | 40 | $306,718 |
| Andrew Cronic | Head Football Coach | 40 | $304,490 |
| Edwin Grimsley | Senior Associate Dean/school of Medicine | 40 | $302,691 |
| John Patterson | Senior Vp For Advancement | 40 | $282,568 |
| Larry Brummley | Senior Vp For Marketing Communications and Chief of Staff | 40 | $260,582 |
| Andrea Mitchell | Executive Director | 40 | $260,359 |
| Kellie Appel | Senior Vp For Strategic Initiatives | 40 | $245,040 |
| Matthew Hall | General Counsel | 40 | $197,168 |
| Julia Davis | Avp Finance & Treasurer | 40 | $182,200 |
| Anita Gustafson | Dean/professor | 40 | $99,982 |
| Amy Miller Wall | Trustee | 1 | — |
| Ashley Amos Copelan | Trustee | 1 | — |
| Benjamin W Griffith | Trustee | 1 | — |
Top vendors & contractors (FY2023)
| Contractor | Services | Paid |
|---|---|---|
| Chris R Sheridan & Co | Construction | $15,980,585 |
| Aramark Services Inc | Food Service | $11,585,966 |
| Choate Construction Company | Construction | $6,116,670 |
| National Management Resources Corporation | Facilities Mangagemt | $4,371,251 |
| Orbis Education Services LLC | Education Management | $3,722,330 |
Grants received · $21.0M total
157 grants to The Corporation of Mercer University totaling $21.0M, reported by foundations on their Schedule I filings — showing the 15 most recent.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Lettie Pate Whitehead Foundation Inc | For general and nursing scholarships. | 2024 | $942,000 |
| Bny Mellon Charitable Gift Fund | To further the organization's exempt purpose | 2024 | $675,000 |
| American Endowment Foundation | Educational | 2024 | $102,000 |
| National Christian Charitable Foundation | Colleges and universities | 2024 | $71,500 |
| Hispanic Scholarship Fund | To provide scholarships for students | 2024 | $59,519 |
| American Online Giving Foundation Inc | General support | 2024 | $54,133 |
| Charities Aid Foundation America | Charitable donation | 2024 | $30,298 |
| Morgan Stanley Global Impact Funding Trust Inc | Unrestricted general support | 2024 | $30,000 |
| Raymond James Charitable Endowment Fund | General support | 2024 | $9,100 |
| Neo Philanthropy Inc | Program grant | 2024 | $5,000 |
| Lettie Pate Whitehead Foundation Inc | For nursing and allied health scholarships. | 2023 | $942,000 |
| The Chicago Community Trust | General support for programs, operations and other charitable purposes | 2023 | $749,383 |
| National Collegiate Athletic Association | Grants/scholarships | 2023 | $599,937 |
| Morgan Stanley Global Impact Funding Trust Inc | Unrestricted general support | 2023 | $535,000 |
| American Heart Association Inc | Research | 2023 | $367,113 |
Grants made · $686K in FY2023
4 grants totaling $686K in FY2023. All grants made by The Corporation of Mercer University →
| Recipient | Purpose | Amount |
|---|---|---|
| Dalton State College | Instruction | $330,924 |
| Georgia Council For Recovery Inc | Research | $209,203 |
| East Georgia Healthcare Center Inc | Research | $129,180 |
| Fordham University | Research | $17,129 |
Similar organizations in Education
Education
University of Georgia Research Foundation Inc
Athens, GA
$348.9M
Aannual revenue
Education
Health Scholarships Inc
Gray, GA
$328.4M
B+annual revenue
Education
University of Georgia Foundation
Athens, GA
$327.3M
Aannual revenue
Education
Morehouse School of Medicine Inc
Atlanta, GA
$318.4M
Aannual revenue
Education
South University Member Inc
Savannah, GA
$305.4M
Aannual revenue
Education
University of Georgia Athletic Association Inc
Athens, GA
$291.6M
Aannual revenue
Education
Spelman College
Atl, GA
$288.4M
Aannual revenue
Education
Georgia Tech Foundation Inc
Atlanta, GA
$282.8M
B+annual revenue
Education
Berry College Inc
Mount Berry, GA
$208.4M
Aannual revenue
Education
Morehouse College
Atlanta, GA
$183.1M
Aannual revenue
Compare The Corporation of Mercer University
Frequently asked questions
- Is The Corporation of Mercer University a legitimate nonprofit?
- Yes. The Corporation of Mercer University is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 58-0566167, based in Macon, Georgia. Donations are tax-deductible.
- What is The Corporation of Mercer University's EIN?
- The Corporation of Mercer University's Employer Identification Number (EIN) is 58-0566167.
- How much revenue does The Corporation of Mercer University report?
- The Corporation of Mercer University reported $477,213,144 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- How much of The Corporation of Mercer University's spending goes to programs?
- The Corporation of Mercer University spends about 95% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does The Corporation of Mercer University have?
- CharityIndex grades The Corporation of Mercer University A+, based on program efficiency and fundraising cost.
- How much does The Corporation of Mercer University's highest-paid employee make?
- The highest reported compensation on The Corporation of Mercer University's latest Form 990 is $951,444, paid to Don Nakayama (Senior Associate Dean/school of Medicine).
More nonprofits in Macon
Explore more
Data for The Corporation of Mercer University (EIN 58-0566167) 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.