2026-05-14T12:36:59+00:00 2025-06-30 135381590 BDO USA 421 FAYETTEVILLE ST STE 300 RALEIGH NC 276011776 990 2024-07-01 560657294 METHODIST UNIVERSITY INC METH 9106307000 5400 RAMSEY ST FAYETTEVILLE NC 28311 DAWN F AUSBORN CFO 9106307000 2026-05-14 true SANDRA L FEINSMITH P01064157 9197549370 2026-05-14 2024 2025-03-06 01:10:19Z STANLEY T WEARDEN 5400 RAMSEY ST FAYETTEVILLE NC 28311 116106418 false X WWW.METHODIST.EDU X 1956 NC UNDERGRADUATE AND GRADUATE EDUCATION 23 22 1111 23 0 8899105 9992946 70971334 73687295 1084825 4003713 659518 3614074 81614782 91298028 27397321 27879285 0 0 31198422 33709505 0 0 868519 18673686 20875608 77269429 82464398 4345353 8833630 143475342 151459933 30685215 27639322 112790127 123820611 THE PURPOSE OF METHODIST UNIVERSITY IS TO PROVIDE AN UNDERGRADUATE AND GRADUATE EDUCATION FIRMLY GROUNDED IN THE LIBERAL ARTS TRADITION, THAT NURTURES MORAL VALUES & ETHICAL DECISION-MAKING; TO PROVIDE DISTINCTIVE PROFESSIONAL & GRADUATE PROGRAMS THAT COMPLEMENT THE EDUCATIONAL PURSUITS. false false 63870625 27879285 62952461 POST SECONDARY EDUCATION: METHODIST UNIVERSITY PROVIDES BOTH UNDERGRADUATE AND GRADUATE EDUCATION, FOUNDED IN LIBERAL ARTS, TO APPROXIMATELY 1,800 STUDENTS. THE UNIVERSITY'S PROGRAMS ARE CONCENTRATED IN ARTS & HUMANITIES, SCIENCE & HUMAN DEVELOPMENT, BUSINESS & GRADUATE STUDIES, AND BOAST NATIONALLY RENOWNED PROGRAMS SUCH AS THE PHYSICIAN ASSISTANCE PROGRAM. THE UNIVERSITY IS A FULLY-ACCREDITED MEMBER OF THE SOUTHERN ASSOCIATION OF COLLEGES & SCHOOLS COMMISSION ON COLLEGES. 9116090 0 10734834 AUXILIARY SERVICES: THE UNIVERSITY'S AUXILIARY ENTERPRISES, INCLUDING RESIDENCE HALLS, DINING FACILITIES, AND A BOOKSTORE, SERVE TO PROVIDE A SUPPORT SYSTEM TO THE STUDENTS. 72986715 true true false true false false false true true true true false false false true true false true true false true false false false true false false false true true true false false false false false false false false false true true false false false false true true true false false true 196 0 true 1111 true false false false false false true true false false false false false false X 23 22 false false false false false false false true true false false false true true true true true true true true false false X DAWN AUSBORN 9106307000 5400 RAMSEY ST FAYETTEVILLE NC 28311 DR RAKESH GUPTA CHAIR OF THE BOARD 1.0 0.0 X X 0 0 0 MR TIMOTHY S RICHARDSON VICE-CHAIR OF THE BOARD 1.0 0.0 X X 0 0 0 MRS JENNIFER CLEVELAND ELAM SECRETARY OF THE BOARD 1.0 0.0 X X 0 0 0 THE HONORABLE JOHN W BROWN TREASURER OF THE BOARD 1.0 0.0 X X 0 0 0 DR MARY LYNN BRYAN TRUSTEE 1.0 0.0 X 0 0 0 DR WILLIAM SCHAEFER TRUSTEE 1.0 0.0 X 0 0 0 MR ANDREW SHUCK TRUSTEE 1.0 0.0 X 0 0 0 MR CHARLES B HOLMES TRUSTEE 1.0 0.0 X 0 0 0 MR D KEITH ALLISON TRUSTEE 1.0 0.0 X 0 0 0 MR EARL D LEAKE TRUSTEE 1.0 0.0 X 0 0 0 MR ELTON STANLEY TRUSTEE 1.0 0.0 X 0 0 0 MR IRA M STEINGOLD ESQ TRUSTEE 1.0 0.0 X 0 0 0 MR J DANIEL HIGHSMITH SR TRUSTEE 1.0 0.0 X 0 0 0 MR JOHN MAC HEALY TRUSTEE 1.0 0.0 X 0 0 0 MR JOHN W JAY WYATT III TRUSTEE 1.0 0.0 X 0 0 0 MR PETER M BROOME TRUSTEE 1.0 0.0 X 0 0 0 MR ROBERT HINES TRUSTEE 1.0 0.0 X 0 0 0 MR SCOTT W WEATHINGTON TRUSTEE 1.0 0.0 X 0 0 0 MR WALSON METZGER TRUSTEE 1.0 0.0 X 0 0 0 MR WILLIAM R WEST SR TRUSTEE 1.0 0.0 X 0 0 0 MRS JO BETH JOHNSON TRUSTEE 1.0 0.0 X 0 0 0 MS MARGARET HIGHSMITH DICKSON TRUSTEE 1.0 0.0 X 0 0 0 REV GILLIAM P GIL WISE TRUSTEE 1.0 0.0 X 0 0 0 DAVID R EAVENSON VP FOR ATHLETICS 40.0 0.0 X 103430 0 4947 DAWN F AUSBORN CHIEF FINANCIAL OFFICER 40.0 0.0 X 175516 0 14113 JASON GREENE CHIEF INFORMATION OFFICER 40.0 0.0 X 205001 0 18291 KELLI W TAYLOR VP MISSION INTEGRATION 40.0 0.0 X 109842 0 17461 RICHARD G SWANSON VP INST ADVANCEMENT 40.0 0.0 X 211679 0 16421 RICKY D LOWE VP ENROLLMENT SERVICES 40.0 0.0 X 147246 0 5375 SHEILA C KINSEY VP PLAN&ADMIN / CHIEF OF STAFF 40.0 0.0 X 161990 0 31720 STANLEY WEARDEN PRESIDENT 40.0 1.0 X 372544 0 16477 SUZANNE B MALLEY PROVOST 40.0 0.0 X 250264 0 13099 WILLIAM H WALKER VP STUDENT AFFAIRS 40.0 0.0 X 124855 0 12670 APRIL MARTIN DIR OF PA STUDIES & ASST PROF 40.0 0.0 X 150523 0 12219 JERLINDA ROSS CHAIR & ASSOC PROF HEALTH SYSTEM SCIENCE 40.0 0.0 X 140789 0 5036 MEREDITH P GRONSKI DEAN COLLEGE HEALTH & HUMAN SCIENCES 40.0 0.0 X 140955 0 15609 RICHARD S LEE IV CHIEF FACILITIES OFFICER 40.0 0.0 X 135128 0 10407 TAT W CHAN DEAN COLLEGE BUSINESS 40.0 0.0 X 141716 0 4228 2571478 0 198073 31 false true false ARAMARK EDUCATIONAL SERVICES 5400 RAMSEY STREET FAYETTEVILLE NC 28311 FOOD SERVICES 1428579 SODEXO INC & AFFILIATES 5400 RAMSEY STREET FAYETTEVILLE NC 28311 FOOD SERVICES 1224134 RISEPOINT LLC 2803 PHILADELPHIA PIKE ST STE B PMB 7250 CLAYMONT DE 19703 ONLINE PP 970464 WILEY EDU LLC WES LOCKBOX PO BOX 22309 NEW YORK NY 10087 ONLINE PP 682553 FOLLETT CORPORATION STORE 1597 3146 SOLUTIONS CENTER CHICAGO IL 60677 BOOKSTORE 526941 8 0 0 60117 0 4785124 5147705 627215 9992946 TUITION AND FEES 611310 62952461 62952461 0 0 DORM REVENUES 611310 6541687 6541687 0 0 BOARD REVENUES 611310 3927498 3927498 0 0 OTHER AUXILIARY REVENUES 611310 265649 265649 0 0 0 0 0 0 0 0 0 0 73687295 2170528 0 0 2170528 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 26585361 6983 24681598 77561 1903763 -70578 1833185 0 0 1833185 14387 60117 49231 -34844 0 -34844 0 0 0 0 0 0 0 0 0 0 0 0 OTHER INCOME 900099 3648918 0 0 3648918 0 0 0 0 3648918 91298028 73687295 0 7617787 0 0 27879285 27879285 0 0 0 0 2091588 792826 1151970 146792 0 0 0 0 25802688 22706879 2759142 336667 661558 553189 96051 12318 3196107 2671945 467291 56871 1957564 1653121 270314 34129 0 0 0 0 296475 13900 282575 0 88923 0 88923 0 44444 0 44444 0 0 0 192122 0 192122 0 1013826 735875 274874 3077 262262 106936 149676 5650 282517 178579 1457 102481 1391720 209639 1128557 53524 0 0 0 0 5103497 4759154 325273 19070 1225961 1135397 42787 47777 0 0 0 0 68370 58007 8471 1892 6576 6381 170 25 0 0 0 0 4129434 3546778 574134 8522 502863 322196 179674 993 FOOD SERVICE CONTRACT 2647279 2647279 0 0 EQUIPMENT RENTAL AND REPAIR 1042567 1002346 33586 6635 SUPPLIES 1005988 938572 62783 4633 DUES AND MEMBERSHIPS 679017 586649 79582 12786 891767 481782 395308 14677 82464398 72986715 8609164 868519 0 0 0 0 10861 8796 11282642 15489026 4424022 2872569 1623196 3667187 0 0 0 0 0 0 19487 26386 288218 215375 145840228 66349808 76010985 79490420 49221635 49250916 0 273390 159078 0 0 320906 280180 143475342 151459933 2635942 3349671 0 0 4276996 2860065 22942829 20602280 95256 91908 0 0 0 0 0 0 734192 735398 30685215 27639322 X 71032405 76179352 41757722 47641259 112790127 123820611 143475342 151459933 X 8833630 1745998 450855 X false true true true true X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false false false false false false false false true 44444 44444 false Schedule C, Part II-B, Line 1 DETAILED DESCRIPTION OF THE LOBBYING ACTIVITY THE UNIVERSITY PAID MEMBERSHIP DUES OF $44,444 TO NORTH CAROLINA INDEPENDENT COLLEGES & UNIVERSITIES (NCICU), A STATEWIDE ORGANIZATION COMPRISED OF INDEPENDENT COLLEGES ACCREDITED BY SOUTHERN ASSOCIATION OF COLLEGES & SCHOOLS, WHICH REPRESENTS HIGHER EDUCATION IN STATE & FEDERAL POLICY. 0 169214 X X false false true X 49224874 1237392 5620021 1183592 1886647 192122 52819926 46476356 607472 5578628 977006 2300041 160535 49224874 41892580 5319699 3675571 793791 3466147 151556 46476356 35584188 11533191 -3671322 710165 720262 123050 41892580 22757260 9728103 5595685 687868 1708370 100622 35584188 0.261 0.5655 0.1735 true false 97500 1518601 1616101 0 105539250 45010487 60528763 0 0 0 0 0 18827019 14998108 3828911 0 19857858 6341213 13516645 79490420 Federal Income Taxes OBLIGATIONS UNDER CAPITAL LEASE 358398 STUDENT DEPOSITS 377000 735398 X 65472706 1745998 0 0 105366 1851364 63621342 192122 27484565 27676687 91298029 54442222 0 0 0 49231 49231 54392991 192122 27879285 28071407 82464398 Schedule D, Part III, Line 4 Collections of art - description of collections THE UNIVERSITY MAINTAINS A FEW HISTORICAL COLLECTIONS WITHIN ITS LIBRARY, INCLUDING DRAWINGS, LETTERS, MONOGRAPHS, BOOKS & RECORDS. Schedule D, Part IV, Line 2b Explanation of escrow agreement BANK ACCOUNT FOR STUDENT CLUBS & OTHER AFFILIATED GROUPS. Schedule D, Part V, Line 4 Intended uses of endowment funds THE INTENDED USES OF THE UNIVERSITY'S ENDOWMENT FUNDS ARE TO PROVIDE SCHOLARSHIPS TO STUDENTS AND CASH RESERVES TO THE UNIVERSITY. Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote The University is a tax-exempt entity under Section 501(c)(3) of the Internal Revenue Code (IRC). Management evaluated the University's tax positions and concluded that the University had taken no uncertain tax positions that require adjustment to the consolidated financial statements to comply with the provision of the Income Taxes Topic of the FASB ASC. Schedule D, Part XI, Line 2(d) Other revenues in audited financial statements not in form 990 Fundraising Expense Reported on Line 8B - 49231 Net Income From MUDC - 56135 Schedule D, Part XI, Line 4(b) Other revenues in form 990 not in audited financial statements Scholarships Expense Reported on Revenue - 27879285 Pledges Discounts & Allowances - -394720 Schedule D, Part XII, Line 2(d) Other expenses in audited financial statements not in form 990 Fundraising Expense Reported on Line 8B - 49231 Schedule D, Part XII, Line 4(b) Other expenses in form 990 not in audited financial statements Scholarships Expense Reported on Revenue - 27879285 true true true true true true true false false false false false false false false true false true Schedule E, Part I, Line 3 RACIALLY NONDISCRIMINATORY POLICY METHODIST UNIVERSITY PUBLICIZES ITS RACIALLY NON-DISCRIMINATORY POLICY IN ITS ANNUAL ACADEMIC CATALOG, ON ITS WEBSITE, AND IN ALL ADVERTISEMENTS & SOLICITATIONS. Schedule E, Part I, Line 6(a) FINANCIAL AID OR ASSISTANCE FROM A GOVERNMENT THE UNIVERSITY RECEIVES FEDERAL AND STATE AID FOR STUDENT FINANCIAL AID AWARDS, AND FUNDS FOR THE CONSTRUCTION OF FACILITIES AND PURCHASE OF EQUIPMENT FOR THE UNIVERSITY'S EDUCATIONAL PROGRAMS. Europe (Including Iceland and Greenland) 0 0 Program Services STUDY ABROAD 168979 Europe (Including Iceland and Greenland) 0 0 Program Services RECRUITING 3545 Central America and the Caribbean 0 0 Program Services STUDY ABROAD 1579 East Asia and the Pacific 0 0 Program Services RECRUITING 18 Sub-Saharan Africa 0 0 Program Services RECRUITING 2667 0 0 0 0 0 0 176788 0 176788 false false false false false false BOV Golf Tournament 26567 23065 3502 1577 5002 HOF Golf Tournament 44006 35475 8531 23928 4224 4538 7717 1 3931 1577 2354 2132 113 74504 60117 14387 23928 6356 6115 12832 49231 -34844 true TUITION ASSISTANCE 1294 27879285 Schedule I, Part I, Line 2 Procedures for monitoring use of grant funds GRANTS TO RECIPIENTS IN THE U.S. INCLUDED TUITION ASSISTANCE APPLIED DIRECTLY TO STUDENTS' ACCOUNTS. X X true true X X X X false false false false false false false false false STANLEY WEARDEN PRESIDENT 372544 0 0 0 0 0 9440 0 7037 0 389021 0 0 0 SUZANNE B MALLEY PROVOST 250264 0 0 0 0 0 7641 0 5458 0 263363 0 0 0 RICHARD G SWANSON VP INST ADVANCEMENT 211679 0 0 0 0 0 6304 0 10117 0 228100 0 0 0 JASON GREENE CHIEF INFORMATION OFFICER 205001 0 0 0 0 0 2200 0 16091 0 223292 0 0 0 SHEILA C KINSEY VP PLAN&ADMIN / CHIEF OF STAFF 161990 0 0 0 0 0 5580 0 26140 0 193710 0 0 0 DAWN F AUSBORN CHIEF FINANCIAL OFFICER 175516 0 0 0 0 0 5477 0 8636 0 189629 0 0 0 RICKY D LOWE VP ENROLLMENT SERVICES 147246 0 0 0 0 0 4406 0 969 0 152621 0 0 0 APRIL MARTIN DIR OF PA STUDIES & ASST PROF 150523 0 0 0 0 0 2400 0 9819 0 162742 0 0 0 MEREDITH P GRONSKI DEAN COLLEGE HEALTH & HUMAN SCIENCES 140955 0 0 0 0 0 4554 0 11055 0 156564 0 0 0 Schedule J, Part I, Line 1a Housing allowance or residence for personal use THE UNIVERSITY MAINTAINS A RESIDENTIAL HOME ON CAMPUS WHERE THE PRESIDENT LIVES AS A CONDITION OF EMPLOYMENT. Schedule J, Part I, Line 1a Personal services THE UNIVERSITY PROVIDES PERSONAL SERVICES OF LIGHT HOUSEKEEPING, PERFORMED BY THE UNIVERSITY'S JANITORIAL STAFF AT THE RESIDENCE OF THE PRESIDENT. A PUBLIC FINANCE AUTHORITY 561592154 74443DHB0 2021-12-08 28055000 SEE PART VI false false false A 0 0 28055000 3023419 0 27595000 593777 0 0 0 0 0 2021 true false true true A false false false false false false 0 0 0.0 false false 0 false false A false false true false false false 0 false false true MASS MUTUAL 9.6 true false false A false Schedule K, Part I, Column (f) Description of Purpose ISSUER NAME: PUBLIC FINANCE AUTHORITY DESCRIPTION OF PURPOSE: REFUND SERIES 2012 AND SERIES 2014 BONDS, FUND A DEBT SERVICE RESERVE FUND, AND TO PAY CERTAIN EXPENSE INCURRED IN CONNECTION WITH THE ISSUANCE OF THE 2021 BONDS. SYSTEL OFFICE AUTOMATION OWNED BY A TRUSTEE 83038 COPIER LEASE false 11 627215 Market value 0 false true false Schedule M, Part I EXPLANATION OF REPORTING METHOD FOR NUMBER OF CONTRIBUTIONS THE NUMBER IN COLUMN (B) REFLECTS A COMBINATION OF THE NUMBER OF CONTRIBUTORS AND THE NUMBER OF ITEMS DONATED. Form 990, Part VI, Line 11b Review of form 990 by governing body FORM 990 IS PREPARED JOINTLY BY MANAGEMENT & THE EXTERNAL AUDITORS. IT IS REVIEWED BY MANAGEMENT & THE AUDIT COMMITTEE WITH THE EXTERNAL AUDITORS DURING THE REVIEW OF THE AUDITED FINANCIAL STATEMENTS. THE AUDIT COMMITTEE RELAYS THE RESULTS OF THE REVIEW TO THE FULL BOARD AT THE NEXT BOARD MEETING, AND A COPY OF FORM 990 IS MADE AVAILABLE TO THE FULL BOARD FOR THEIR REVIEW BEFORE FILING WITH THE IRS. Form 990, Part VI, Line 12c Conflict of interest policy THE UNIVERSITY ANNUALLY DISTRIBUTES ITS CONFLICT OF INTEREST POLICY & DISCLOSURE FORM TO ALL BOARD MEMBERS AND EMPLOYEES WITH BUDGET AUTHORITY, FOR REVIEW OF THE POLICY & COMPLETION OF THE QUESTIONNAIRE. A DESIGNATED COMMITTEE REVIEWS THE DISCLOSURE FORMS FOR POSSIBLE CONFLICTS OF INTEREST. ANY FINDINGS ARE SUBMITTED TO THE UNIVERSITY'S AUDIT COMMITTEE FOR REVIEW. THE UNIVERSITY GENERALLY PROHIBITS TRANSACTIONS WITH CONFLICT OF INTEREST PARTIES; HOWEVER, THE AUDIT COMMITTEE HAS THE AUTHORITY TO APPROVE CERTAIN TRANSACTIONS IN THE BEST INTEREST OF THE UNIVERSITY. Form 990, Part VI, Line 15a Process to establish compensation of top management official THE UNIVERSITY'S PRESIDENTIAL SALARY COMMITTEE EVALUATES THE PRESIDENT'S SALARY ON AN ANNUAL BASIS AND UTILIZING COMPARABILITY DATA, INCLUDING SALARY & BENEFITS HISTORY FROM BOTH WITHIN THE UNIVERSITY & OTHER PRIVATE COLLEGES AND UNIVERSITIES IN NC. THE PRESIDENTIAL SALARY COMMITTEE RECOMMENDS A SALARY FOR THE PRESIDENT TO THE UNIVERSITY'S FULL BOARD OF TRUSTEES. THE BOARD HOLDS AN EXECUTIVE SESSION TO VOTE & APPROVE THE PRESIDENT'S SALARY. Form 990, Part VI, Line 15b Process to establish compensation of other employees THE UNIVERSITY USES A COMPENSATION STUDY TO DETERMINE THE ANNUAL SALARY FOR ALL POSITIONS. Form 990, Part VI, Line 19 Required documents available to the public THE ORGANIZATION MAKES GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, & FINANCIAL STATEMENTS AVAILABLE ON THE UNIVERSITY'S WEBSITE FOR THE SAME PERIOD OF DISCLOSURE AS SET FORTH IN SECTION 6104(D). Form 990, Part XI, Line 9 Other changes in net assets or fund balances PLEDGES DISCOUNTS & ALLOWANCES - 394720; NET INCOME FROM SUBSIDIARY - 56135; Total - 450855; METHODIST UNIVERSITY CAPE FEAR VALLEY HEALTH SCHOOL OF MEDICINE 5400 RAMSEY STREET FAYETTEVILLE NC 28311 993705462 EDUCATIONAL NC 501(c)(3) Type I METHODIST UNIVERSITY true METHODIST UNIVERSITY DEVELOPMENT CORPORATION 5400 RAMSEY STREET FAYETTEVILLE NC 28311 561972859 REAL ESTATE DEVELOPMENT NC METHODIST UNIVERSITY C Corporation 294068 2876128 1 true true true false true false false false false false true true false false false true false true false false METHODIST UNIVERSITY DEVELOPMENT CORPORATION A 0 FMV METHODIST UNIVERSITY DEVELOPMENT CORPORATION J 167808 FMV METHODIST UNIVERSITY DEVELOPMENT CORPORATION K 186000 FMV METHODIST UNIVERSITY CAPE FEAR VALLEY HEALTH SCHOOL OF MEDICINE INC B 2873811 FMV