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FURMAN UNIVERSITY

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Public IRS 990 nonprofit record

FURMAN UNIVERSITY

EIN 57-0314395 · Education (B420)

What they do

THE PRIMARY MISSION of FURMAN AS A LIBERAL ARTS INSTITUTION is to PROVIDE A DISTINCTIVE EDUCATION IN FINE ARTS, HUMANITIES, SOCIAL SCIENCES, MATHEMATICS and THE SCIENCES, AS WELL AS SELECTED PROFESSIONAL DISCIPLINES.

Before you give

Should I give to this charity?

Easy charity check
Look at where the money went

Of every $100 spent, about $89.40 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 leaders50 people are listed in the latest report.

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

Money made simple

84.30%of revenue went to mission work89.4% of expenses · Program services
1.76%of revenue went to fundraising1.9% of expenses
$94.34spent for every $100 of revenueRevenue covered expenses this year.
8.28%of revenue went to management and office costs8.8% of expenses
$5.18in assets for every $1 spent this yearSome assets cannot be spent right away.
12.8%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 $827,680 for ROBERT RICHEY (MENS HEAD BASKETBALL COACH). 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$296,850,871
Mission workProgram services$250,233,66984.30% of revenue89.4% of expenses
ManagementOffice and general costs$24,582,7098.28% of revenue8.8% of expenses
FundraisingAsking for donations$5,237,7491.76% of revenue1.9% of expenses
Revenue left after expensesReported annual surplus$16,796,7445.66% of revenueShown in gray on the chart
Total expenses$280,054,12794.34% 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: 89.4% mission · 8.8% management · 1.9% fundraisingTotal expenses: 94.34% of revenue
2023Expense mix: 89.1% mission · 8.8% management · 2.1% fundraisingTotal expenses: 93.51% of revenue
2022Expense mix: 88.3% mission · 9.4% management · 2.4% fundraisingTotal expenses: 114.73% of revenue
2021Expense mix: 87.7% mission · 10.0% management · 2.2% fundraisingTotal expenses: 94.55% of revenue
2020Expense mix: 87.1% mission · 10.6% management · 2.3% fundraisingTotal expenses: 70.38% of revenue
2019Expense mix: 86.8% mission · 10.9% management · 2.3% fundraisingTotal expenses: 112.02% of revenue
2018Expense mix: 88.4% mission · 10.0% management · 1.6% fundraisingTotal expenses: 101.36% of revenue
2017Expense mix: 83.4% mission · 14.7% management · 1.9% fundraisingTotal expenses: 98.08% of revenue

Money in and money out

Revenue$296,850,871
Expenses$280,054,127
Annual surplus $16,796,744 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)$250,233,669 · 89.4% of expenses
Management and office costs$24,582,709 · 8.8% of expenses
Fundraising$5,237,749 · 1.9% of expenses
See all reported dollar amounts
Revenue$296,850,871
Expenses$280,054,127
Assets$1,449,547,125
Income$614,481,625
Contributions$38,102,756
Mission work (program services)$250,233,669
Fundraising$5,237,749
Grants given$3,253,074
Average grant$36,145
Management and general$24,582,709
Stocks and bonds$120,399,214
Accounting fees$154,650
Investing fees$2,332,323
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
ROBERT RICHEYMENS HEAD BASKETBALL COACH · 40 hrs/week $827,680Base $760,270 · Other $67,410
DR ELIZABETH DAVISPRESIDENT · 40 hrs/week $702,973Base $633,775 · Other $69,198
SUSAN MADDUXVP FOR FIN & ADMIN · 40 hrs/week $463,415Base $415,651 · Other $47,764
CLAYTON HENDRIXHEAD FOOTBALL COACH · 40 hrs/week $456,568Base $387,885 · Other $68,683
ROBERT KENNEYCHIEF INVESTMENT OFFICER · 40 hrs/week $386,344Base $317,843 · Other $68,501
JASON DONNELLYVP FOR INTERCOLLEGIATE ATHLETICS · 40 hrs/week $384,232Base $315,039 · Other $69,193
BETH PONTARIVP FOR ACAD AFFAIRS & PROVOST · 40 hrs/week $363,705Base $303,493 · Other $60,212
THOMAS EVELYN IIVP FOR UNI COMM (THRU 3/25) · 40 hrs/week $358,388Base $303,631 · Other $54,757
CONNIE L CARSONVP FOR STUDENT LIFE · 40 hrs/week $341,792Base $298,635 · Other $43,157
HEIDI MCCRORYVP FOR DEV (THRU 10/24) · 40 hrs/week $287,916Base $242,138 · Other $45,778
DANNY TANGCHIEF INFO OFFICER (THRU 1/25) · 40 hrs/week $274,082Base $222,257 · Other $51,825
EMILY SCHUCKVP OF ENROLLMENT MANAGEMENT · 40 hrs/week $270,729Base $212,966 · Other $57,763

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 (50)

ROBERT RICHEYMENS HEAD BASKETBALL COACH

DR ELIZABETH DAVISPRESIDENT

SUSAN MADDUXVP FOR FIN & ADMIN

CLAYTON HENDRIXHEAD FOOTBALL COACH

ROBERT KENNEYCHIEF INVESTMENT OFFICER

JASON DONNELLYVP FOR INTERCOLLEGIATE ATHLETICS

BETH PONTARIVP FOR ACAD AFFAIRS & PROVOST

THOMAS EVELYN IIVP FOR UNI COMM (THRU 3/25)

CONNIE L CARSONVP FOR STUDENT LIFE

HEIDI MCCRORYVP FOR DEV (THRU 10/24)

DANNY TANGCHIEF INFO OFFICER (THRU 1/25)

EMILY SCHUCKVP OF ENROLLMENT MANAGEMENT

GEORGE SHIELDSPROFESSOR OF CHEMISTRY

AUSTIN JOHNKDIRECTOR OF INVESTMENTS

MEREDITH E GREENGENERAL COUNSEL

JEREMY CASSDEAN OF FACULTY

JEFF REDDERSONAVP FOR FACILITIES SERVICES

SHON HERRICKVP FOR DEV (FROM 11/24)

ELIZABETH SEMANCHIEF OF STAFF

PAUL ROBERTSONTRUSTEE

LISA RUSTTRUSTEE

MATTHEW W WILSONTRUSTEE

MARK KAISERTRUSTEE

YENDELELA NEELY HOLSTONTRUSTEE

RACHELLE H THOMPSONTRUSTEE

RAYMOND KINGTRUSTEE

RICHARD WRENNTRUSTEE

STEVE SPINKSTRUSTEE

SUSAN THOMSON SHITRUSTEE

THOMAS CULLENTRUSTEE

TRACI MILLERTRUSTEE

A ALEXANDER TAYLORTRUSTEE

DAVID MAYTRUSTEE

ANTHONY W MCDADETRUSTEE

BETH TAYLORTRUSTEE

C KEMMONS WILSON IIITRUSTEE

CHARLES AMBROSETRUSTEE

CHRISTI NEWSOM BYRONTRUSTEE

CHRISTINA HENDERSONTRUSTEE

CYNTHIA DAVISVICE CHAIR

DAVID LAXERTRUSTEE

LEE C DILLWORTHTRUSTEE

DENTON MCLANETRUSTEE

FRANCES ELLISONTRUSTEE

JAMES A LANIER JRTRUSTEE

JASON RICHARDSSECRETARY

JOHANNA FRIERSONTRUSTEE

KEVIN R BRYANTTRUSTEE

KEVIN T BYRNECHAIR

KRISTIN BAUCOM DAVIESTRUSTEE

About this charity

Recognized since
January 1937
Location
3300 POINSETT HWY, GREENVILLE, SC 29613-0002
County
Greenville
In care of
% AMY BARNHILL
Primary officer
SUSAN MADDUX, VP FOR FINANCE & ADMINISTRATION

How to reach them

WebsiteVisit the charity’s website Phone(864) 294-3496

Filing and classification

Latest tax year
2024
Tax period began
July 1, 2024
Return type
990
Tax preparer
CLIFTONLARSONALLEN LLP
NTEE classification
Education (B420)
Grant-giving organization
Yes

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

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