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CATAWBA COLLEGE

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Public IRS 990 nonprofit record

CATAWBA COLLEGE

EIN 56-0530251 · Education (B420)

What they do

CATAWBA COLLEGE WAS FOUNDED IN NEWTON, NORTH CAROLINA, IN 1851 BY THE GERMAN REFORMED CHURCH. THE COLLEGE - WHICH is TODAY AFFILIATED WITH THE UNITED CHURCH of CHRIST - MOVED to ITS PRESENT LOCATION IN SALISBURY IN 1925. THE COLLEGE ENDEAVORS to ATTRACT STUDENTS BOTH NATIONALLY and INTERNATIONALLY of GOOD ABILITY and CHARACTER. A PRIVATE, CO-EDUCATIONAL INSTITUTION, CATAWBA OFFERS THE BACHELOR of ARTS, BACHELOR of ARTS-EDUCATION, BACHELOR of BUSINESS ADMINISTRATION, BACHELOR of FINE ARTS, BACHELOR of SCIENCE, and MASTER of EDUCATION to TRADITIONAL and NON-TRADITIONAL STUDENTS. THE COLLEGE ALSO SERVES THE PUBLIC THROUGH EDUCATIONAL OUTREACH and VOLUNTEER SERVICE PROGRAMS for THE WORLD COMMUNITY.

Before you give

Should I give to this charity?

Easy charity check
Look at where the money went

Of every $100 spent, about $70.30 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders37 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

21.53%of revenue went to mission work70.3% of expenses · Program services
0.53%of revenue went to fundraising1.7% of expenses
$30.65spent for every $100 of revenueRevenue covered expenses this year.
8.59%of revenue went to management and office costs28.0% of expenses
$8.75in assets for every $1 spent this yearSome assets cannot be spent right away.
82.1%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

  1. Who did you help? Ask for a recent story or report that shows real results.
  2. What will my money do? Ask exactly what your gift will pay for.
  3. Is this really the charity? Give only through its official website or confirmed phone number.

Pay context: The highest compensation shown in this filing is $361,852 for DAVID P NELSON (PRESIDENT). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$310,506,126
Mission workProgram services$66,860,55421.53% of revenue70.3% of expenses
ManagementOffice and general costs$26,677,5398.59% of revenue28.0% of expenses
FundraisingAsking for donations$1,632,8240.53% of revenue1.7% of expenses
Revenue left after expensesReported annual surplus$215,335,20969.35% of revenueShown in gray on the chart
Total expenses$95,170,91730.65% of revenue

Gray means reported revenue left after expenses for this filing year. It does not necessarily mean cash sitting in a bank account.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails
2024CurrentExpense mix: 70.3% mission · 28.0% management · 1.7% fundraisingTotal expenses: 30.65% of revenue
2023Expense mix: 70.4% mission · 28.0% management · 1.6% fundraisingTotal expenses: 65.53% of revenue
2022Expense mix: 71.0% mission · 27.6% management · 1.5% fundraisingTotal expenses: 68.82% of revenue
2021Expense mix: 81.5% mission · 16.5% management · 2.0% fundraisingTotal expenses: 22.31% of revenue
2020Expense mix: 77.9% mission · 20.6% management · 1.4% fundraisingTotal expenses: 61.71% of revenue
2019Expense mix: 82.1% mission · 16.5% management · 1.4% fundraisingTotal expenses: 89.56% of revenue
2018Expense mix: 80.7% mission · 18.0% management · 1.3% fundraisingTotal expenses: 78.00% of revenue
2017Expense mix: 85.0% mission · 14.0% management · 1.0% fundraisingTotal expenses: 89.75% of revenue

Money in and money out

Revenue$310,506,126
Expenses$95,170,917
Annual surplus $215,335,209 Revenue was higher than expenses for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$66,860,554 · 70.3% of expenses
Management and office costs$26,677,539 · 28.0% of expenses
Fundraising$1,632,824 · 1.7% of expenses
See all reported dollar amounts
Revenue$310,506,126
Expenses$95,170,917
Assets$833,178,617
Income$323,880,744
Contributions$254,774,703
Mission work (program services)$66,860,554
Fundraising$1,632,824
Management and general$26,677,539
Stocks and bonds$127,208,547
Accounting fees$295,745
People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation
DAVID P NELSONPRESIDENT · 40 hrs/week $361,852Base $328,357 · Other $33,495
MONICA COWARTEVP & PROVOST · 40 hrs/week $264,911Base $244,900 · Other $20,011
IMRAN G CHOWDHURYDEAN OF SCHOOL OF BUSINESS · 40 hrs/week $238,166Base $221,583 · Other $16,583
MARGARET K DEESVP OF DEVELOPMENT · 40 hrs/week $230,826Base $228,379 · Other $2,447
LEE BALLVP OF SUSTAINABILITY/EXEC · 40 hrs/week $192,141Base $176,353 · Other $15,788
CAYCE C WILLCHIEF INFORMATION OFFICER · 40 hrs/week $174,625Base $158,105 · Other $16,520
JOHN E MORRISONEXECUTIVE DIRECTOR, CLEAN · 40 hrs/week $164,954Base $149,817 · Other $15,137
VALERIE RAKESCHAIR OF NURSING DEPARTMENT · 40 hrs/week $161,711Base $145,191 · Other $16,520
JARED TICESVP & CHIEF STRATEGY OFFICER · 40 hrs/week $155,692Base $140,977 · Other $14,715
MICHELLE P CADDIGANVP OF ATHLETICS · 40 hrs/week $155,622Base $147,982 · Other $7,640
CHRISTINE LYNNASSOC. DEAN OF SCHOOL OF BUSINESS · 40 hrs/week $151,153Base $143,950 · Other $7,203
SANDRA QUAYEVP PF FINANCE AND ADMIN · 40 hrs/week $135,889Base $126,500 · Other $9,389

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (37)

DAVID P NELSONPRESIDENT

MONICA COWARTEVP & PROVOST

IMRAN G CHOWDHURYDEAN OF SCHOOL OF BUSINESS

MARGARET K DEESVP OF DEVELOPMENT

LEE BALLVP OF SUSTAINABILITY/EXEC

CAYCE C WILLCHIEF INFORMATION OFFICER

JOHN E MORRISONEXECUTIVE DIRECTOR, CLEAN

VALERIE RAKESCHAIR OF NURSING DEPARTMENT

JARED TICESVP & CHIEF STRATEGY OFFICER

MICHELLE P CADDIGANVP OF ATHLETICS

CHRISTINE LYNNASSOC. DEAN OF SCHOOL OF BUSINESS

SANDRA QUAYEVP PF FINANCE AND ADMIN

RONALD J MACCARONITREASURER

MONA WALLACEDIRECTOR (TERMD 3/25/25)

NICK MEANSDIRECTOR (BEGAN 3/25/25)

RICHARD SEIWELLDIRECTOR

ROBERT B ARNOLD JRCHAIR (TERMD 3/25/25)

WILLIAM M GRAHAMDIRECTOR

SALLY WHITNEYDIRECTOR

THOMAS STOKES DENNARDDIRECTOR (TERMD 3/25/25)

TINA COSTINO JONESDIRECTOR

TOM BURDETTEDIRECTOR

BARBARA L MARSHALLVICE CHAIR (TERMD 3/25/25)/CHAIR (BEGAN 3/25/25)

MARVIN MOOREDIRECTOR

MARK ALEXANDERDIRECTOR

LEE SYRIADIRECTOR

JAMES CRUMELDIRECTOR

GWIN BARRDIRECTOR

GREGORY M ALCORNDIRECTOR (TERMD 3/25/25)

GLEN LLOYDDIRECTOR (BEGAN 3/25/25)

GERALD FRANCISDIRECTOR/VICE CHAIR (BEGAN 3/25/25)

GARY BLABONDIRECTOR

FRED J STANBACK JRDIRECTOR

DR RANDALL S CRUMPLERSECRETARY

C SHUFORD ABERNETHY IIIDIRECTOR (TERMD 3/25/25)

BILL WAGONERDIRECTOR

BART EDGEDIRECTOR

About this charity

Recognized since
January 1941
Location
2300 W INNES ST, SALISBURY, NC 28144-2441
County
Rowan
In care of
% NELSON A MURPHY
Primary officer
BOB WALLETT, VP OF FINANCE & ADMINISTRATION

How to reach them

Filing and classification

Latest tax year
2024
Tax period began
June 1, 2024
Return type
990
Tax preparer
CHERRY BEKAERT ADVISORY LLC
NTEE classification
Education (B420)

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About this report: Information comes from public nonprofit records and may show the latest filing available.

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