University of the South is a 501(c)(3) organization based in Sewanee, Tennessee, registered in 1947, with $192,791,920 in FY2023 revenue. CharityIndex grades it A, and it directs about 89% of spending to programs.
Revenue (FY2023)
$192.8M
▲ 10.0% vs prior year
Education median: $200K
Expenses (FY2023)
$187.4M
Net assets
$746.8M
Employees
2,010
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 University of the South: 89% to programs · $11 to raise $100 earns a A on this criterion. See the exact thresholds →
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 University of the South: 48 mo reserves · +3% margin earns a A on this criterion. See the exact thresholds →
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 University of the South: 5 of 6 checks met earns a A on this criterion. See the exact thresholds →
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 University of the South: 5 of 5 disclosure signals earns a A+ on this criterion. See the exact thresholds →
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An episcopal university composed of the college of arts and sciences and the school of theology.
Housing and auxiliary services: the college is a residential liberal arts college. room and board programs are designed to encourage opportunities for conversation and community building beyond the classroom. besides traditional residence dormitories, students may also choose to live in a theme house which brings together students with a common interest.
Student services: a wide range of co-curricular and recreational opportunities are available to complement the academic experience and support student life. more than a hundred organizations and clubs facilitate social interaction between students and between students and the broader sewanee community.
Other program services: other program expenses are primarily comprised of expenses related to faculty research activities, public service, and of expenses related to plant maintenance and operation.
Revenue grew from $134.7M (FY2013) to $192.8M (FY2023) across 11 reported years.
Financial snapshot
Operating margin
2.8%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$851.0M
Total liabilities
$104.3M
Net assets
$746.8M
Salaries & benefits
$75.0M
40% of expenses
Board members
154
150 independent
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $192,791,920▲10.0% | $187,391,900▲8.5% | $746,787,818▲5.3% | $851,048,467▲4.6% | 990 |
| 2022 | $175,281,398▲99.3% | $172,751,190▲3.5% | $709,422,275▲4.4% | $813,958,059▲3.3% | 990 |
| 2021 | $87,938,479▼65.6% | $166,837,992▲13.9% | $679,202,090▼11.0% | $787,587,757▼9.9% | 990 |
| 2020 | $255,900,013▲59.1% | $146,532,920▼2.2% | $763,032,686▲17.9% | $873,880,393▲14.5% | 990 |
| 2019 | $160,821,030▼2.0% | $149,890,753▲2.8% | $647,390,041▲1.7% | $763,236,262▲1.9% | 990 |
| 2018 | $164,022,017▼0.8% | $145,738,106▲1.6% | $636,735,415▲2.9% | $748,650,415▲5.3% | 990 |
| 2017 | $165,347,553▼3.2% | $143,381,823▲7.4% | $618,609,240▲3.9% | $711,275,600▲2.8% | 990 |
| 2016 | $170,726,221▲38.0% | $133,531,612▲2.6% | $595,285,217▲7.2% | $691,762,152▲5.4% | 990 |
| 2015 | $123,677,050▼4.9% | $130,204,987▲7.1% | $555,093,607▼1.2% | $656,266,959▼1.2% | 990 |
| 2014 | $130,111,736▼3.4% | $121,587,340▲7.7% | $562,054,056▲0.7% | $664,065,623▲4.5% | 990 |
| 2013 | $134,663,499 | $112,906,744▲8.1% | $558,151,425▲10.6% | $635,753,143▲8.3% | 990 |
| 2012 | — | $104,449,166▲3.0% | $504,764,315▲4.2% | $587,117,273▲8.8% | 990 |
| 2011 | — | $101,376,269▼1.8% | $484,533,883▼0.3% | $539,862,035▼0.4% | 990 |
| 2010 | — | $103,182,652▲6.2% | $485,792,810▲12.1% | $542,232,657▲9.8% | 990 |
| 2009 | — | $97,115,742 | $433,164,010 | $493,949,523 | 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.
Highest-paid: Nancy Berner — $389,865 (0.21% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Nancy Berner | Form Vice Chancellor/president | 40 | $389,865 |
| Robert Pearigen | Vice Chancellor/president | 40 | $272,782 |
| Douglass Williams | Treasurer | 40 | $261,621 |
| Lisa Stephenson | Former Vice Provost Student Success | 40 | $260,954 |
| Terry Papillon | Former Dean of the College | 40 | $258,854 |
| Scott Wilson | Provost | 40 | $257,855 |
| Deborah Vaughn | Vp University Relations Thru June 30, 2024 | 40 | $243,427 |
| Marquitte Starkey | General Counsel | 40 | $205,401 |
| Sibby Anderson Thompkins | Vice Provost For Dei | 40 | $193,467 |
| David Shipps | Vp Econ Dev | 20 | $189,063 |
| Alan Ramirez | Dean of Admissions | 40 | $183,583 |
| Erica Howard | Special Asst To the Provost | 40 | $170,821 |
| Betsy Sandlin | Interim Dean of the College | 40 | $156,956 |
| Robert E Bachman | Board Member | 40 | $141,923 |
| James Turrell | Dean School of Theology | 40 | $125,685 |
| Nicollette Campbell | Dean of Students | 40 | $125,531 |
| Brent Tate | Board Member | 40 | $101,715 |
| Jay Fisher | Acting Vp University Relations | 40 | $96,653 |
| Julia M Gatta | Board Member | 40 | $56,315 |
| Steve Dear | Board Member | 40 | $41,667 |
| Contractor | Services | Paid |
|---|---|---|
| Hoar Construction LLC | Construction | $4,232,348 |
| Hoar Construction LLC | Construction | $4,232,348 |
| Edgehill Endowment Partners | Endowment Management | $1,254,126 |
| Edgehill Endowment Partners | Endowment Management | $1,254,126 |
| Howard Morton Construction | Construction | $733,345 |
| Howard Morton Construction | Construction | $733,345 |
| Ebsco Information Services | Research Databases | $494,177 |
| Ebsco Information Services | Research Databases | $494,177 |
| Premier Transportation LLC | Construction | $440,523 |
| Premier Transportation LLC | Construction | $440,523 |
238 grants to University of the South totaling $17.9M, reported by foundations on their Schedule I filings — showing the 15 most recent.
1 grant totaling $1.5M in FY2017. All grants made by University of the South →
| Recipient | Purpose | Amount |
|---|---|---|
| St Andrews-sewanee School | Donation to the general fund of st andrews school | $1,500,000 |
Explore more
Data for University of the South (EIN 62-0475697) 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.