William Peace University
- Assets
- $89.5m
- Revenue
- $34.9m
- Investments
- $26.8k
- Employees
- 462
- Location
- Raleigh, NC
- Founding
- 06/1964
- Data as of
- 06/2021
- EIN
- 56-0529988
Organization Overview
William Peace University is located in Raleigh, NC. The organization was established in 1964. According to its NTEE Classification (B41) the organization is classified as: Two-Year Colleges, under the broad grouping of Education and related organizations. As of 06/2021, William Peace University employed 462 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. William Peace University is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2021, William Peace University generated $34.9m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 2.9% each year. All expenses for the organization totaled $32.6m during the year ending 06/2021. While expenses have increased by 2.0% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O
Describe the Organization's Program Activity:
INSTRUCTION & ACADEMIC SUPPORT: WILLIAM PEACE UNIVERSITY IS ACCREDITED BY THE SOUTHERN ASSOCIATION OF COLLEGES AND SCHOOLS COMMISSION ON COLLEGES (SACSCOC). THE INSTITUTION OFFERS 3 TYPES OF BACHELOR'S DEGREES IN OVER 25 MAJORS. SERVING APPROXIMATELY 1,000 STUDENTS, 97% OF OUR GRADUATES ARE EMPLOYED FULL-TIME OR ENTER GRADUATE SCHOOL WITHIN ONE YEAR OF GRADUATION.
STUDENT SERVICES & ACTIVITIES: WITH OVER 30 STUDENT CLUBS AND ORGANIZATIONS, THERE ARE PLENTY OF OPPORTUNITIES FOR A STUDENT TO GET INVOLVED AT WPU. COMMUNITY SERVICE IS ENCOURAGED AND STUDENTS EMBRACE THE CONCEPT OF GIVING BACK. STUDENT SERVICES ALSO INCLUDES HEALTH AND COUNSELING SERVICES. HEALTH SERVICES CAN PROVIDE ROUTINE TREATMENT FOR MINOR ILLNESSES AND INJURIES, WHILE MAINTAINING CONFIDENTIAL MEDICAL INFORMATION FOR STUDENTS. IT ALSO PROMOTES AWARENESS FOR HEALTH AND WELLNESS THROUGH CAMPUS EVENTS AND ACVTIVITIES. THE COUNSELING CENTER PROVIDES SHORT-TERM, PROFESSIONAL COUNSELING TO STUDENTS COPING WITH THE CHALLENGES OF COLLEGE LIFE. WILLIAM PEACE UNIVERSITY OFFERS STUDENTS THE CHANCE TO PLAY AND ENJOY INTERCOLLEGIATE SPORTS. WPU IS A MEMBER OF THE U.S.A. SOUTH ATHLETIC CONFERENCE OF THE NCAA DIVISION III AND FIELDS TEAMS IN EIGHTEEN SPORTS INCLUDING BASEBALL, BASKETBALL, CROSS COUNTRY, GOLF, LACROSSE, SOCCER, SOFTBALL, SWIMMING, TENNIS, TRACK, AND VOLLEYBALL. WILLIAM PEACE UNIVERSITY ALSO OFFERS INTRAMURAL SPORTS LEAGUES FOR ALL INTEREST LEVELS.
AUXILARY ENTERPRISES: THERE ARE 6 RESIDENCE HALLS ON CAMPUS AT WILLIAM PEACE UNIVERSITY. EACH RESIDENCE HALL HAS ITS PARTICULAR STYLE AND HISTORY. RESIDENT ASSISTANTS LIVE ON EACH FLOOR, READY TO ANSWER QUESTIONS, FOSTER GROUP DISCUSSIONS, ORGANIZE ACTIVITIES AND MORE. WPU ROOMS INCLUDE WIRED AND WIRELESS INTERNET, FREE BASIC CABLE AND NO-COST LAUNDRY. ADDITIONALLY, WPU PROVIDES THE OPTION OF UNIVERSITY-AFFILIATED STUDENT HOUSING TO ALL SOPHOMORE, JUNIOR AND SENIOR STUDENTS. THESE OFF-CAMPUS APARTMENTS PROVIDE AN EXCELLENT STUDENT HOUSING COMMUNITY IN RALEIGH, WITH FOUR-BEDROOM OPTIONS TO FIT ALL LIFESTYLES. OPERATING IN THE SAME MANNER AS ON-CAMPUS HOUSING, VILLAGE GREEN AT RALEIGH APARTMENTS HAVE WILLIAM PEACE UNIVERSITY RESIDENT STAFF LIVING ON-SITE. THE NEWLY RENOVATED BELK DINING HALL OFFERS TASTY, NUTRITIONAL FOOD OPTIONS, INCLUDING A SALAD BAR, DELI, COOKED-TO-ORDER EXPO STATION AND A VARIETY OF DAILY COOKED MEALS. PEACE PERK, THE ON-CAMPUS COFFEE SHOP, OFFERS STARBUCKS COFFEE, SANDWICHES, SNACKS AND A PLACE TO HANG OUT. THE WPU BOOKSTORE IS THE BEST PLACE TO FIND PACER GEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Brian C Ralph University President | Officer | 50 | $366,995 |
Colleen Murphy VP For Enrollment & Marketing | 40 | $170,946 | |
George A Yearwood VP For Administation & CFO | Officer | 50 | $165,480 |
Jodi Y Stamey VP For Advancement | 40 | $161,140 | |
Charles S Duncan VP For Academic Affairs | 40 | $144,131 | |
Frank P Rizzo VP For Student Life | 40 | $135,595 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
The Budd Group Housekeeping | 6/29/21 | $441,215 |
Fheg Peace College Bookstore Bookstore Supplies | 6/29/21 | $479,537 |
Village Green Apartments Student Housing Rent | 6/29/21 | $1,052,006 |
Sodexo Inc Affiliates Dining Services | 6/29/21 | $1,320,013 |
Town Of Cary Leased Property | 6/29/21 | $417,875 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $479,174 |
| Government grants | $4,955,984 |
| All other contributions, gifts, grants, and similar amounts not included above | $446,431 |
| Noncash contributions included in lines 1a–1f | $50,588 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,881,589 |
| Total Program Service Revenue | $26,745,807 |
| Investment income | $1,830,353 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $142,211 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $34,889,332 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $11,390,809 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,264,436 |
| Compensation of current officers, directors, key employees. | $591,448 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $7,747,774 |
| Pension plan accruals and contributions | $58,218 |
| Other employee benefits | $1,090,493 |
| Payroll taxes | $554,130 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $82,852 |
| Fees for services: Accounting | $97,885 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $104,108 |
| Fees for services: Other | $2,271,755 |
| Advertising and promotion | $247,265 |
| Office expenses | $137,842 |
| Information technology | $907,479 |
| Royalties | $0 |
| Occupancy | $2,102,261 |
| Travel | $145,523 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $417,315 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,443,386 |
| Insurance | $61,337 |
| All other expenses | $0 |
| Total functional expenses | $32,558,480 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $8,295,643 |
| Savings and temporary cash investments | $723,931 |
| Pledges and grants receivable | $365,917 |
| Accounts receivable, net | $6,661,419 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $32,874,718 |
| Investments—publicly traded securities | $34,958,045 |
| Investments—other securities | $26,830 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $5,568,269 |
| Total assets | $89,474,772 |
| Accounts payable and accrued expenses | $1,685,098 |
| Grants payable | $0 |
| Deferred revenue | $1,116,799 |
| Tax-exempt bond liabilities | $11,602,516 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $261,266 |
| Total liabilities | $14,665,679 |
| Net assets without donor restrictions | $24,971,229 |
| Net assets with donor restrictions | $49,837,864 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $89,474,772 |
Grants Recieved
Over the last fiscal year, we have identified 15 grants that William Peace University has recieved totaling $262,272.
| Awarding Organization | Amount |
|---|---|
Kelly Foundation Inc Raleigh, NC PURPOSE: GENERAL PURPOSE | $100,000 |
A E Finley Foundation Inc Raleigh, NC PURPOSE: FACILITY MAINTENANCE | $66,715 |
North Carolina Independent Colleges & Universities Raleigh, NC PURPOSE: PROVIDE SCHOLARSHIP FUNDS | $34,212 |
Frances M & W W Rankin Memorial Tr 053191 - 32-4777700 Las Vegas, NV PURPOSE: GENERAL OPERATING | $18,676 |
Fenwick Foundation Pennington, NJ PURPOSE: UNRESTRICTED GENERAL | $10,000 |
G Fred Hale Charitable Trust First Citizens Bank Ttee Raleigh, NC PURPOSE: GENERAL SUPPORT | $8,119 |
Endowment Analysis
| Beg. Balance | $41,842,891 |
| Earnings | $8,564,243 |
| Admin Expense | $586,293 |
| Net Contributions | $151,839 |
| Other Expense | $938,844 |
| Grants | $1,308,058 |
| Ending Balance | $47,725,778 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
North Greenville University Tigerville, SC | $119,067,807 | $70,918,977 |
Young Harris College Young Harris, GA | $174,387,873 | $47,760,154 |
William Peace University Raleigh, NC | $89,474,772 | $34,889,332 |
Truett Mcconnell University Inc Cleveland, GA | $54,652,969 | $32,427,096 |
Southern Virginia University Buena Vista, VA | $37,155,964 | $26,776,085 |
Spartanburg Methodist College Spartanburg, SC | $52,317,686 | $26,371,934 |
Martin Methodist College Pulaski, TN | $36,451,504 | $26,683,667 |
Louisburg College Louisburg, NC | $47,886,546 | $23,005,525 |
Saint Marys School Raleigh, NC | $74,590,364 | $23,129,284 |
Andrew College Cuthbert, GA | $29,741,190 | $11,623,662 |
Pellissippi State Community College Foundation Knoxville, TN | $20,765,427 | $1,042,268 |
Clinton College Rock Hill, SC | $6,214,571 | $5,235,874 |