Nonprofit · EIN 56-0529988
WILLIAM PEACE UNIVERSITY
Tax-exempt · RALEIGH, NC 27604
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $26,874,041 | $34,542,348 | -$7,668,307 | $84,352,182 | $30,717,572 | $53,634,610 |
| June 30, 2024 | 990 | $25,979,919 | $34,661,827 | -$8,681,908 | $76,607,549 | $18,672,740 | $57,934,809 |
| June 30, 2023 | 990 | $26,832,734 | $34,329,410 | -$7,496,676 | $77,092,477 | $14,065,099 | $63,027,378 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $948,330
- of which government grants
- $49,513
- Program service revenue
- $24,566,222
- Investment income
- $1,142,942
- Net gain from sales of assets
- -$148,880
- Other revenue
- $216,547
Expenses
- Grants and similar amounts paid
- $10,216,498
- Compensation of officers, directors and key employees
- $810,817
- Other salaries and wages
- $9,542,070
- Salaries, compensation and benefits (total)
- $12,327,446
- Professional fundraising fees
- $0
- Legal fees
- $183,787
- Accounting fees
- $162,619
- Occupancy
- $918,740
- Travel
- $343,657
- Program services (functional)
- $27,415,032
- Management and general (functional)
- $6,574,210
- Fundraising (functional)
- $553,106
Balance sheet and other
- Total assets, start of year
- $76,607,549
- Total assets, end of year
- $84,352,182
- Total liabilities, end of year
- $30,717,572
- Net assets, end of year
- $53,634,610
- Land, buildings and equipment
- $33,721,686
- Publicly traded securities
- $30,514,831
- Net assets without donor restrictions
- $6,548,036
- Net assets with donor restrictions
- $47,086,574
- Gross unrelated business income
- $186,313
- Gross receipts
- $27,022,921
- Employees
- 414
- Volunteers
- 0
- Year formed
- 1857
- State of legal domicile
- NC
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| BRIAN RALPH | FORMER PRESIDENT (THRU 6/24) Former | 40 | $288,750 | $0 |
| LYNDA SZYMANSKI | VP OF ACADEMIC AFFAIRS Highest-paid employee | 40 | $201,262 | $45,331 |
| BELINDA BURKE | CFO, VP OF FINANCE AND ADMIN Officer | 50 | $220,190 | $23,703 |
| FRANK RIZZO | VP OF STUDENT LIFE Highest-paid employee | 40 | $169,744 | $44,672 |
| DAMON WADE | VP OF ENROLLMENT MANAGEMENT Highest-paid employee | 40 | $190,962 | $19,518 |
| LYNN MORTON | PRESIDENT (AS OF 5/24) Officer | 40 | $206,719 | $542 |
| PAUL SCHERSCHEL | VP OF UNIVERSITY ADVANCEMENT Highest-paid employee | 40 | $160,000 | $17,013 |
| KARMEN MCGEE | ASSOCIATE VP FOR HUMAN RESOURCES Highest-paid employee | 40 | $123,600 | $20,465 |
| ALYSON GORDON | CHAIR Trustee or director, Officer | 5 | $0 | $0 |
| ROB WOOD | VICE-CHAIR Trustee or director, Officer | 5 | $0 | $0 |
| STUART PHOENIX | TREASURER Trustee or director, Officer | 5 | $0 | $0 |
| TONY PARHAM | SECRETARY Trustee or director, Officer | 2 | $0 | $0 |
| KAREN ALBRITTON | TRUSTEE Trustee or director | 2 | $0 | $0 |
| ELENA ASHBURN | TRUSTEE Trustee or director | 2 | $0 | $0 |
| MARY-ANN BALDWIN | TRUSTEE Trustee or director | 2 | $0 | $0 |
17 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| LAURA BUNN | TRUSTEE Trustee or director | 2 | $0 |
| JASON COOPER | TRUSTEE Trustee or director | 2 | $0 |
| LYNN ERDMAN | TRUSTEE Trustee or director | 2 | $0 |
| KACIE FORE | TRUSTEE Trustee or director | 2 | $0 |
| KELLY GAINES | TRUSTEE Trustee or director | 2 | $0 |
| SARAH GASKILL | TRUSTEE Trustee or director | 2 | $0 |
| JENNINGS GLEN | TRUSTEE Trustee or director | 2 | $0 |
| HAROLD HICKS | TRUSTEE Trustee or director | 2 | $0 |
| KIM KITCHINGS | TRUSTEE Trustee or director | 2 | $0 |
| DURON LEE | TRUSTEE Trustee or director | 2 | $0 |
| LYNN MANESS | TRUSTEE Trustee or director | 2 | $0 |
| BILL MCLAURIN | TRUSTEE Trustee or director | 2 | $0 |
| MARK PACCIONE | TRUSTEE Trustee or director | 2 | $0 |
| BILLIE REDMOND | IMMEDIATE PAST CHAIR Trustee or director | 2 | $0 |
| TAYLOR SHAW | TRUSTEE Trustee or director | 2 | $0 |
| GEORGE STANZIALE | TRUSTEE Trustee or director | 2 | $0 |
| JACQUELINE WHITTENBURG | TRUSTEE Trustee or director | 2 | $0 |
990 for the year ended June 30, 2024: 32 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| BRIAN RALPH | PRESIDENT (THRU 6/24) Officer | 50 | $373,707 | $22,867 |
| BELINDA BURKE | CFO, VP OF FINANCE AND ADMIN Officer | 50 | $197,302 | $18,785 |
| LYNDA SZYMANSKI | VP OF ACADEMIC AFFAIRS Highest-paid employee | 40 | $179,358 | $30,170 |
| DAMON WADE | VP OF ENROLLMENT MGMNT AND MKTNG Highest-paid employee | 40 | $186,849 | $18,400 |
| FRANK RIZZO | VP OF STUDENT LIFE Highest-paid employee | 40 | $148,743 | $29,142 |
| PAUL SCHERSCHEL | VP OF UNIVERSITY ADVANCEMENT Highest-paid employee | 40 | $139,517 | $11,419 |
| CLAUDE SHIELDS | DIR. ATHLETICS/HEAD MEN'S BB COACH Highest-paid employee | 40 | $106,313 | $11,352 |
| ALYSON GORDON | CHAIR Trustee or director, Officer | 5 | $0 | $0 |
| ROB WOOD | VICE-CHAIR Trustee or director, Officer | 5 | $0 | $0 |
| STUART PHOENIX | TREASURER Trustee or director, Officer | 5 | $0 | $0 |
| TONY PARHAM | SECRETARY Trustee or director, Officer | 2 | $0 | $0 |
| KAREN ALBRITTON | TRUSTEE Trustee or director | 2 | $0 | $0 |
| ELENA ASHBURN | TRUSTEE Trustee or director | 2 | $0 | $0 |
| MARY-ANN BALDWIN | TRUSTEE Trustee or director | 2 | $0 | $0 |
| LAURA BUNN | TRUSTEE Trustee or director | 2 | $0 | $0 |
| JASON COOPER | TRUSTEE Trustee or director | 2 | $0 | $0 |
| LYNN ERDMAN | TRUSTEE Trustee or director | 2 | $0 | $0 |
| KACIE FORE | TRUSTEE Trustee or director | 2 | $0 | $0 |
| KELLY GAINES | TRUSTEE Trustee or director | 2 | $0 | $0 |
| SARAH GASKILL | TRUSTEE Trustee or director | 2 | $0 | $0 |
| JENNINGS GLEN | TRUSTEE Trustee or director | 2 | $0 | $0 |
| HAROLD HICKS | TRUSTEE Trustee or director | 2 | $0 | $0 |
| KIM KITCHINGS | TRUSTEE Trustee or director | 2 | $0 | $0 |
| DURON LEE | TRUSTEE Trustee or director | 2 | $0 | $0 |
| LYNN MANESS | TRUSTEE Trustee or director | 2 | $0 | $0 |
| BILL MCLAURIN | TRUSTEE Trustee or director | 2 | $0 | $0 |
| LYNN MORTON | TRUSTEE Trustee or director | 2 | $0 | $0 |
| MARK PACCIONE | TRUSTEE Trustee or director | 2 | $0 | $0 |
| BILLIE REDMOND | IMMEDIATE PAST CHAIR Trustee or director | 2 | $0 | $0 |
| TAYLOR SHAW | TRUSTEE Trustee or director | 2 | $0 | $0 |
| GEORGE STANZIALE | TRUSTEE Trustee or director | 2 | $0 | $0 |
| JACQUELINE WHITTENBURG | TRUSTEE Trustee or director | 2 | $0 | $0 |
990 for the year ended June 30, 2023: 32 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| DR BRIAN C RALPH | UNIVERSITY PRESIDENT Officer | 50 | $360,876 | $22,683 |
| GEORGE A YEARWOOD | VP FOR ADMINISTRATION & CFO Officer | 50 | $146,966 | $21,280 |
| COLLEEN MURPHY | VP FOR ENROLLMENT & MARKETING Highest-paid employee | 40 | $156,634 | $11,105 |
| FRANK P RIZZO | VP FOR STUDENT LIFE Highest-paid employee | 40 | $127,527 | $22,006 |
| CHARLES S DUNCAN | VP FOR ACADEMIC AFFAIRS Highest-paid employee | 40 | $116,719 | $7,649 |
| DARRYL D MCGRAW | DIRECTOR OF IT Highest-paid employee | 40 | $105,761 | $11,864 |
| KATHY P LAMBERT | CHIEF HUMAN RESOURCES OFFICER Highest-paid employee | 40 | $107,177 | $4,411 |
| BELINDA J BURKE | VP FOR ADMINISTATION & CFO Officer | 50 | $83,539 | $4,937 |
| BILLIE REDMOND | CHAIR Trustee or director, Officer | 4 | $0 | $0 |
| ALYSON GORDON | VICE CHAIR Trustee or director, Officer | 5 | $0 | $0 |
| STUART PHOENIX | TREASURER Trustee or director, Officer | 2 | $0 | $0 |
| ROB WOOD | SECRETARY Trustee or director, Officer | 5 | $0 | $0 |
| KAREN ALBRITTON | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| ELENA ASHBURN | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| CARLOS ARIAS FERNANDEZ | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| MARY-ANN BALDWIN | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| LAURA BUNN | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| JASON COOPER | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| LYNN ERDMAN | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| KACIE F FORE | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| KELLY GAINES | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| JENNINGS GLENN | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| KIM KITCHINGS | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| DURON LEE | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| REV DR EDWARD A MCLEOD JR | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| BILL MCLAURIN | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| LYNN MANESS | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| MARK PACCIONE | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| TONY PARHAM | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| KRISTY SMITH MALLARD | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| GEORGE STANZIALE JR | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| JACQUELINE WHITTENBURG | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 15 E PEACE ST, RALEIGH, NC 27604-1176
- In care of
- % BELINDA BURKE
- Principal officer (990 for 2024)
- DR LYNN MORTON, 15 EAST PEACE STREET, RALEIGH, NC 27604
- Signed the 990
- ROBERT HITE, INTERM CFO
- Phone
- (919) 508-2035
- Website
- WWWW.PEACE.EDU
- Return prepared by
- CLIFTONLARSONALLEN LLP
Mission
WILLIAM PEACE UNIVERSITY IS A PRIVATE FOUR-YEAR UNIVERSITY IN DOWNTOWN RALEIGH, NORTH CAROLINA. THE MISSION OF THE UNIVERSITY IS TO PREPARE STUDENTS FOR CAREERS IN THE ORGANIZATIONS OF TOMORROW. ROOTED IN THE LIBERAL ARTS TRADITION, THE STUDENT DEVELOPS AN APPRECIATION FOR LIFE-LONG LEARNING, A FOCUS ON MEANINGFUL CAREERS, AND SKILLS FOR ETHICAL CITIZENSHIP. ON AVERAGE, OVER 95 PERCENT OF OUR GRADUATES GO ON TO JOBS OR CAREERS WITHIN A YEAR OF GRADUATION.
Program accomplishments
- 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 800 STUDENTS, 95% OF OUR GRADUATES ARE EMPLOYED FULLTIME OR ENTER GRADUATE SCHOOL WITHIN ONE YEAR OF GRADUATION. WILLIAM PEACE PROVIDED $10,919,100 OF GRANTS AND ASSISTANCE TO UNIVERSITY STUDENTS TO AID IN THE PERSUIT OF THEIR DEGREE.Expenses $13,133,415 · grants $10,216,498 · revenue $20,116,270
- AUXILIARY 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.Expenses $7,237,949 · revenue $4,263,639
- 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 ACTIVITIES. 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.Expenses $7,043,668
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 56-0529988
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- School
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1964
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B410)
- Assets (IRS master file)
- $84,352,182
- Income (IRS master file)
- $27,022,921
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $26,874,041 | $34,542,348 | $84,352,182 | IRS |
| 990-T | June 2025 | – | – | – | IRS |
| 990 | June 2024 | $25,979,919 | $34,661,827 | $76,607,549 | XML |
| 990-T | June 2024 | – | – | – | IRS |
| 990 | June 2023 | $26,832,734 | $34,329,410 | $77,092,477 | XML |
| 990-T | June 2023 | – | – | – | IRS |
| 990 | June 2022 | $37,887,000 | $33,390,266 | $81,106,250 | IRS |
| 990-T | June 2022 | – | – | – | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990-T | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 56-0529988).
Questions about WILLIAM PEACE UNIVERSITY
- What is the EIN of WILLIAM PEACE UNIVERSITY?
- The employer identification number (EIN) of WILLIAM PEACE UNIVERSITY is 56-0529988.
- Is WILLIAM PEACE UNIVERSITY tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1964.
- Are donations to WILLIAM PEACE UNIVERSITY tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does WILLIAM PEACE UNIVERSITY file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of WILLIAM PEACE UNIVERSITY due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did WILLIAM PEACE UNIVERSITY last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of WILLIAM PEACE UNIVERSITY?
- The 990 for the year ended June 30, 2025 names DR LYNN MORTON.
- Who are the officers and directors of WILLIAM PEACE UNIVERSITY?
- The 990 for the year ended June 30, 2025 lists 32 people; 8 received compensation from the organization, the highest $288,750 (BRIAN RALPH, FORMER PRESIDENT (THRU 6/24)).
- How much revenue does WILLIAM PEACE UNIVERSITY have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $26,874,041, expenses of $34,542,348 and total assets of $84,352,182 at year end.
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