Chowan University

Organization Overview

Chowan University is located in Murfreesboro, NC. The organization was established in 1949. According to its NTEE Classification (B30) the organization is classified as: Vocational & Technical Schools, under the broad grouping of Education and related organizations. As of 05/2022, Chowan University employed 646 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Chowan 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 05/2022, Chowan University generated $40.7m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.1%) each year. All expenses for the organization totaled $39.0m during the year ending 05/2022. As we would expect to see with falling revenues, expenses have declined by (1.3%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

INSTITUTION OF PRIVATE HIGHER EDUCATION PROVIDING UNDERGRADUATE AND GRADUATE CURRICULUMS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

CHOWAN UNIVERSITY IS A COMPREHENSIVE, COEDUCATIONAL, RESIDENTIAL UNIVERSITY WITH BOTH UNDERGRADUATE AND GRADUATE PROGRAMS. THE UNIVERSITY OFFERS A VARIETY OF ACADEMIC PROGRAMS WITH A LIBERAL ARTS BASIS IN CAREER-ORIENTED FIELDS SUCH AS BUSINESS, TEACHER EDUCATION, CRIMINAL JUSTICE, ETC. IN ALL, THE UNIVERSITY OFFERS DEGREES IN 32 PROGRAMS. STUDENTS PARTICIPATE IN, AND ARE EXPOSED TO, VARIOUS CULTURAL ARTS PROGRAMS AND EVENTS. THEY ARE ALSO ENCOURAGED TO BE INVOLVED IN COMMUNITY AND VOLUNTEER PROGRAMS. THE UNIVERSITY OFFERS VARIOUS STYLES OF STUDENT HOUSING FOR RESIDENTIAL STUDENTS. RESIDENTIAL STUDENTS RECEIVE TRAINING AND PROGRAMMING FROM THE RESIDENCE LIFE STAFF. ATHLETIC AND INTRAMURAL PARTICIPATION IS ANOTHER IMPORTANT COMPONENT IN THE LEARNING AND EDUCATION EXPERIENCE. THE UNIVERSITY SERVED APPROXIMATELY 983 STUDENTS IN ITS TRADITIONAL UNDERGRADUATE PROGRAM DURING THE ACADEMIC YEAR. OF THESE, APPROXIMATELY 890 WERE RESIDENTIAL STUDENTS. IN ADDITION TO THE TRADITIONAL UNDERGRADUATE STUDENTS, THE UNIVERSITY SERVED APPROXIMATELY 6 UNDERGRADUATE ADULT DEGREE PROGRAM STUDENTS AND 73 GRADUATE PROGRAM STUDENTS. THE UNIVERSITY HAD APPROXIMATELY 197 STUDENTS COMPLETE THEIR PROGRAM STUDIES DURING THE YEAR.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Pioneer College Caterers Inc
Food Svc Provider
$1,707,703
Follett Campus Resources
Bookstore Contractor
$730,654
Aramark Corporation
Housekeeping Cont.
$416,662
Philadelphia Insurance Companies
P & C Insurance Co.
$288,635
Att Charter Service Inc
Passenger Bus Srvcs
$285,714
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $6,077,119
All other contributions, gifts, grants, and similar amounts not included above$1,930,921
Noncash contributions included in lines 1a–1f $88,703
Total Revenue from Contributions, Gifts, Grants & Similar$8,008,040
Total Program Service Revenue$30,346,222
Investment income $503,563
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $1,667,900
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $40,741,279

Grants Recieved

Over the last fiscal year, we have identified 14 grants that Chowan University has recieved totaling $368,940.

Awarding OrganizationAmount
Lettie Pate Whitehead Foundation Inc

Atlanta, GA

PURPOSE: For general scholarship support.

$215,000
North Carolina Community Foundation Inc

Raleigh, NC

PURPOSE: EDUCATION

$44,930
North Carolina Independent Colleges & Universities

Raleigh, NC

PURPOSE: PROVIDE SCHOLARSHIP FUNDS

$34,053
Southern Bank Foundation

Mount Olive, NC

PURPOSE: DONATION

$25,000
Grady D Askew Foundation

Las Vegas, NV

PURPOSE: GENERAL OPERATING

$24,000
Printing Industries Of The Carolinas Foundation Inc

Charlotte, NC

PURPOSE: Scholarships and teacher awards

$8,700
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$33,191,264
Earnings-$4,418,936
Admin Expense$92,179
Net Contributions$570,871
Grants$1,530,500
Ending Balance$27,720,520

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