Queens University Of Charlotte
- Assets
- $172.1m
- Revenue
- $81.1m
- Investments
- $6.4m
- Employees
- 1,042
- Location
- Charlotte, NC
- Founding
- 09/1942
- Data as of
- 06/2021
- EIN
- 56-0530003
Organization Overview
Queens University Of Charlotte is located in Charlotte, NC. The organization was established in 1942. According to its NTEE Classification (B43) the organization is classified as: Universities, under the broad grouping of Education and related organizations. As of 06/2021, Queens University Of Charlotte employed 1,042 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Queens University Of Charlotte 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, Queens University Of Charlotte generated $81.1m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 0.4% each year. All expenses for the organization totaled $85.6m during the year ending 06/2021. While expenses have increased by 1.6% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
QUEENS UNIVERSITY OF CHARLOTTE PROVIDES EDUCATIONAL EXPERIENCES THAT TRANSFORM STUDENTS' LIVES AND FOSTER PERSONAL AND PROFESSIONAL SUCCESS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
QUEENS UNIVERSITY OF CHARLOTTE IS A PRIVATE, CO-ED, PRESBYTERIAN-AFFILIATED COMPREHENSIVE UNIVERSITY WITH A COMMITMENT TO BOTH LIBERAL ARTS AND PROFESSIONAL STUDIES. LOCATED IN THE HEART OF HISTORIC CHARLOTTE, QUEENS SERVES APPROXIMATELY 1,670 UNDERGRADUATE AND 668 GRADUATE STUDENTS THROUGH ITS COLLEGE OF ARTS AND SCIENCES, MCCOLL SCHOOL OF BUSINESS, THE BLAIR COLLEGE OF HEALTH, THE PRESBYTERIAN SCHOOL OF NURSING, WAYLAND H. CATO, JR. SCHOOL OF EDUCATION, THE KNIGHT SCHOOL OF COMMUNICATION AND HAYWORTH SCHOOL OF GRADUATE AND CONTINUING STUDIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Daniel Lugo President, Ex-Officio, B.o.t. | OfficerTrustee | 60 | $346,590 |
James Bullock VP For University Advancement | Officer | 50 | $318,701 |
Pamela Davies Professor Of Mgt & President | 40 | $295,884 | |
Paul Michael Joyce Exec. Dir., Executive Leader | 50 | $222,826 | |
Matthew Packey Cfo/vp For Admin, Former | 40 | $222,671 | |
Richard Mathieu Dean,mccoll School Of Business | 50 | $198,207 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Academy Bus Transportation | 6/29/21 | $200,872 |
Ssc Services For Education Property Management | 6/29/21 | $3,054,280 |
Eyemark Media Llc Media Services | 6/29/21 | $202,633 |
Deltak Edu Llc Online Higher Ed Prg | 6/29/21 | $2,039,906 |
Chartwells Higher Education Dining Food & Beverage Svcs | 6/29/21 | $1,651,376 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $10,260 |
| Related organizations | $0 |
| Government grants | $5,324,440 |
| All other contributions, gifts, grants, and similar amounts not included above | $7,377,763 |
| Noncash contributions included in lines 1a–1f | $703,800 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $12,712,463 |
| Total Program Service Revenue | $67,527,086 |
| Investment income | $263,190 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $596,635 |
| Net Income from Fundraising Events | $36,287 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $81,135,661 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $28,076,019 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $2,940,125 |
| Compensation of current officers, directors, key employees. | $2,107,915 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $23,774,309 |
| Pension plan accruals and contributions | $364,187 |
| Other employee benefits | $3,500,421 |
| Payroll taxes | $1,719,320 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $104,851 |
| Fees for services: Accounting | $178,128 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $34,450 |
| Fees for services: Investment Management | $583,315 |
| Fees for services: Other | $149,433 |
| Advertising and promotion | $666,735 |
| Office expenses | $2,137,671 |
| Information technology | $1,584,641 |
| Royalties | $0 |
| Occupancy | $4,302,042 |
| Travel | $396,508 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $223,061 |
| Interest | $1,924,851 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $7,010,922 |
| Insurance | $382,266 |
| All other expenses | $803,937 |
| Total functional expenses | $85,585,196 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,710,530 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $6,946,332 |
| Accounts receivable, net | $1,321,006 |
| 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 | $1,605,934 |
| Net Land, buildings, and equipment | $148,547,151 |
| Investments—publicly traded securities | $468,705 |
| Investments—other securities | $6,418,931 |
| Investments—program-related | $62,948 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $172,081,537 |
| Accounts payable and accrued expenses | $15,124,357 |
| Grants payable | $166,040 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $62,110,854 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $7,789,343 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $19,455,353 |
| Total liabilities | $104,645,947 |
| Net assets without donor restrictions | $52,692,760 |
| Net assets with donor restrictions | $14,742,830 |
| 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 | $172,081,537 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Queens University Of Charlotte has recieved totaling $35,473.
| Awarding Organization | Amount |
|---|---|
Minnie Stowe Puett Tr Uw Dallas, TX PURPOSE: UNRESTRICTED GENERAL | $35,473 |
Endowment Analysis
| Beg. Balance | $136,351,032 |
| Earnings | $46,021,098 |
| Net Contributions | $1,157,789 |
| Other Expense | $2,666,433 |
| Ending Balance | $180,863,486 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Wake Forest University Winstonsalem, NC | $2,570,183,256 | $681,736,258 |
Emory University Decatur, GA | $308,834,835 | $526,678,235 |
Savannah College Of Art And Design Inc Savannah, GA | $1,297,162,714 | $587,003,201 |
University Of Richmond Richmond, VA | $3,926,462,707 | $713,801,637 |
The Corporation Of Mercer University Macon, GA | $975,470,567 | $444,048,225 |
Belmont University Nashville, TN | $1,474,473,117 | $464,356,154 |
Elon University Elon, NC | $1,076,200,947 | $374,224,853 |
Campbell University Inc Buies Creek, NC | $678,742,436 | $263,777,466 |
Lipscomb University Nashville, TN | $502,799,879 | $216,257,194 |
Hampton University Hampton, VA | $893,877,520 | $270,327,094 |
Lincoln Memorial University Harrogate, TN | $295,338,228 | $171,241,775 |
Wingate University Wingate, NC | $260,864,195 | $150,590,058 |