Nonprofit · EIN 56-0530251
CATAWBA COLLEGE
Tax-exempt · SALISBURY, NC 28144
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| May 31, 2025 | 990 | $310,506,126 | $95,170,917 | $215,335,209 | $833,178,617 | $14,697,620 | $818,480,997 |
| May 31, 2024 | 990 | $119,840,475 | $78,537,233 | $41,303,242 | $557,500,506 | $12,168,249 | $545,332,257 |
| May 31, 2023 | 990 | $98,707,113 | $67,931,220 | $30,775,893 | $442,162,950 | $10,143,634 | $432,019,316 |
Financial details: 990 for the year ended May 31, 2025
Revenue
- Contributions, gifts and grants
- $254,774,703
- Program service revenue
- $50,776,155
- Investment income
- $4,859,624
- Net gain from sales of assets
- -$1,733,106
- Net income from fundraising events
- -$15,000
- Other revenue
- $95,644
Expenses
- Grants and similar amounts paid
- $30,113,533
- Compensation of officers, directors and key employees
- $1,736,419
- Other salaries and wages
- $22,228,624
- Salaries, compensation and benefits (total)
- $29,680,227
- Professional fundraising fees
- $22,500
- Legal fees
- $221,897
- Accounting fees
- $295,745
- Occupancy
- $7,020,774
- Travel
- $2,082,342
- Depreciation
- $5,322,377
- Program services (functional)
- $66,860,554
- Management and general (functional)
- $26,677,539
- Fundraising (functional)
- $1,632,824
Balance sheet and other
- Total assets, start of year
- $557,500,506
- Total assets, end of year
- $833,178,617
- Total liabilities, end of year
- $14,697,620
- Net assets, end of year
- $818,480,997
- Land, buildings and equipment
- $102,061,336
- Publicly traded securities
- $127,208,547
- Net assets without donor restrictions
- $55,682,418
- Net assets with donor restrictions
- $762,798,579
- Gross unrelated business income
- $289,726
- Gross receipts
- $323,880,744
- Employees
- 765
- Volunteers
- 25
- Year formed
- 1851
- 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 May 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| DAVID P NELSON | PRESIDENT Officer | 40 | $328,357 | $33,495 |
| MONICA COWART | EVP & PROVOST Officer | 40 | $244,900 | $20,011 |
| IMRAN G CHOWDHURY | DEAN OF SCHOOL OF BUSINESS Key employee | 40 | $221,583 | $16,583 |
| MARGARET K DEES | VP OF DEVELOPMENT Officer | 40 | $228,379 | $2,447 |
| LEE BALL | VP OF SUSTAINABILITY/EXEC Key employee | 40 | $176,353 | $15,788 |
| CAYCE C WILL | CHIEF INFORMATION OFFICER Key employee | 40 | $158,105 | $16,520 |
| JOHN E MORRISON | EXECUTIVE DIRECTOR, CLEAN Highest-paid employee | 40 | $149,817 | $15,137 |
| VALERIE RAKES | CHAIR OF NURSING DEPARTMENT Highest-paid employee | 40 | $145,191 | $16,520 |
| JARED TICE | SVP & CHIEF STRATEGY OFFICER Highest-paid employee | 40 | $140,977 | $14,715 |
| MICHELLE P CADDIGAN | VP OF ATHLETICS Highest-paid employee | 40 | $147,982 | $7,640 |
| CHRISTINE LYNN | ASSOC. DEAN OF SCHOOL OF BUSINESS Highest-paid employee | 40 | $143,950 | $7,203 |
| SANDRA QUAYE | VP PF FINANCE AND ADMIN Officer | 40 | $126,500 | $9,389 |
| BARBARA L MARSHALL | VICE CHAIR (TERM'D 3/25/25)/CHAIR (BEGAN 3/25/25) Trustee or director, Officer | 1 | $0 | $0 |
| ROBERT B ARNOLD JR | CHAIR (TERM'D 3/25/25) Trustee or director, Officer | 1 | $0 | $0 |
| GERALD FRANCIS | DIRECTOR/VICE CHAIR (BEGAN 3/25/25) Trustee or director, Officer | 1 | $0 | $0 |
22 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| RONALD J MACCARONI | TREASURER Trustee or director, Officer | 1 | $0 |
| DR RANDALL S CRUMPLER | SECRETARY Trustee or director, Officer | 1 | $0 |
| C SHUFORD ABERNETHY III | DIRECTOR (TERM'D 3/25/25) Trustee or director | 1 | $0 |
| GREGORY M ALCORN | DIRECTOR (TERM'D 3/25/25) Trustee or director | 1 | $0 |
| MARK ALEXANDER | DIRECTOR Trustee or director | 1 | $0 |
| GWIN BARR | DIRECTOR Trustee or director | 1 | $0 |
| GARY BLABON | DIRECTOR Trustee or director | 1 | $0 |
| TOM BURDETTE | DIRECTOR Trustee or director | 1 | $0 |
| TINA COSTINO JONES | DIRECTOR Trustee or director | 1 | $0 |
| JAMES CRUMEL | DIRECTOR Trustee or director | 1 | $0 |
| THOMAS STOKES DENNARD | DIRECTOR (TERM'D 3/25/25) Trustee or director | 1 | $0 |
| BART EDGE | DIRECTOR Trustee or director | 1 | $0 |
| WILLIAM M GRAHAM | DIRECTOR Trustee or director | 1 | $0 |
| GLEN LLOYD | DIRECTOR (BEGAN 3/25/25) Trustee or director | 1 | $0 |
| NICK MEANS | DIRECTOR (BEGAN 3/25/25) Trustee or director | 1 | $0 |
| MARVIN MOORE | DIRECTOR Trustee or director | 1 | $0 |
| RICHARD SEIWELL | DIRECTOR Trustee or director | 1 | $0 |
| FRED J STANBACK JR | DIRECTOR Trustee or director | 1 | $0 |
| LEE SYRIA | DIRECTOR Trustee or director | 1 | $0 |
| BILL WAGONER | DIRECTOR Trustee or director | 1 | $0 |
| MONA WALLACE | DIRECTOR (TERM'D 3/25/25) Trustee or director | 1 | $0 |
| SALLY WHITNEY | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended May 31, 2024: 37 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| DAVID P NELSON | PRESIDENT Officer | 40 | $326,200 | $63,802 |
| MARGARET K DEES | VP OF DEVELOPMENT Officer | 40 | $225,867 | $40,933 |
| MONICA COWART | EVP & PROVOST Officer | 40 | $244,900 | $19,556 |
| IMRAN G CHOWDHURY | DEAL OF SCHOOL OF BUSINESS Highest-paid employee | 40 | $221,583 | $21,115 |
| LAUREN V COX | VP PF FINANCE AND ADMIN (TO 8/2/23) Officer | 40 | $182,686 | $21,272 |
| LEE BALL | VP OF SUSTAINABILITY/EXEC DIR CNTR FOR THE ENVIRON Highest-paid employee | 40 | $176,353 | $15,434 |
| CAYCE C WILL | CHIEF OF INFORMATION TECHNOLOGY Highest-paid employee | 40 | $158,105 | $15,066 |
| MICHELLE P CADDIGAN | VP OF ATHLETICS Highest-paid employee | 40 | $147,639 | $21,391 |
| JOHN E MORRISON | EXECUTIVE DIRECTOR, CLEAN FUTURE NC CTR FOR ENVIRO Highest-paid employee | 40 | $149,817 | $14,276 |
| CONSTANCE L ROGERS LOWERY | FORMER PROVOST Former | 40 | $142,961 | $18,470 |
| JARED TICE | FORMER DEAN OF STUDENTS Former | 40 | $134,007 | $14,056 |
| SANDRA QUAYE | VP PF FINANCE AND ADMIN Officer | 40 | $126,500 | $9,152 |
| ROBERT B ARNOLD JR | CHAIRMAN Trustee or director, Officer | 1 | $0 | $0 |
| BARBARA L MARSHALL | VICE CHAIRMAN Trustee or director, Officer | 1 | $0 | $0 |
| RONALD J MACCARONI | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| DR RANDALL S CRUMPLER | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| C SHUFORD ABERNETHY III | DIRECTOR Trustee or director | 1 | $0 | $0 |
| GREGORY M ALCORN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MARK G ALEXANDER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DARLENE L BALL | DIRECTOR (TERM'D 3.19.24) Trustee or director | 1 | $0 | $0 |
| GWIN CARTER BARR | DIRECTOR Trustee or director | 1 | $0 | $0 |
| GARY BLABON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DANIEL T BROSS | DIRECTOR (TERM'D 3.19.24) Trustee or director | 1 | $0 | $0 |
| SARA D COOK | DIRECTOR (TERM'D 3.19.24) Trustee or director | 1 | $0 | $0 |
| JAMES L CRUMEL | DIRECTOR Trustee or director | 1 | $0 | $0 |
| THOMAS STOKES DENNARD | DIRECTOR Trustee or director | 1 | $0 | $0 |
| BART EDGE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| GERALD FRANCIS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| WILLIAM M GRAHAM | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DEBORAH WILLIAMS MESSINGER | DIRECTOR (TERM'D 3.19.24) Trustee or director | 1 | $0 | $0 |
| MARVIN MOORE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| RICHARD J SEIWELL | DIRECTOR Trustee or director | 1 | $0 | $0 |
| FRED J STANBACK JR | DIRECTOR Trustee or director | 1 | $0 | $0 |
| LEE B SYRIA | DIRECTOR Trustee or director | 1 | $0 | $0 |
| CHARLES D TAYLOR JR | DIRECTOR (TERM'D 3.19.24) Trustee or director | 1 | $0 | $0 |
| BILL WAGONER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MONA L WALLACE | DIRECTOR Trustee or director | 1 | $0 | $0 |
990 for the year ended May 31, 2023: 41 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| DAVID P NELSON | PRESIDENT Officer | 40 | $322,958 | $52,463 |
| MARGARET K DEES | VP OF DEVELOPMENT Officer | 40 | $187,164 | $36,933 |
| CONSTANCE L ROGERS LOWERY | PROVOST Officer | 40 | $183,655 | $19,493 |
| DREW H DAVIS | VP GENERAL COUNSEL Key employee | 40 | $173,614 | $16,555 |
| LAUREN V COX | VP PF FINANCE AND ADMIN Officer | 40 | $153,244 | $7,886 |
| VALERIE N RAKES | PROFESSOR Highest-paid employee | 40 | $132,129 | $13,278 |
| JARED R TICE | SR VP OF COLLEGE EXPERIENCE Officer | 40 | $131,416 | $13,057 |
| MICHELLE P CADDIGAN | DIRECTOR OF ATHLETICS Highest-paid employee | 40 | $130,104 | $12,719 |
| CAYCE C WILL | CIO Highest-paid employee | 40 | $127,734 | $14,934 |
| JOSEPH M WILSON | PROFESSOR Highest-paid employee | 40 | $124,705 | $14,971 |
| BENJAMIN F ANDERSON II | ASSO PROVOST Highest-paid employee | 40 | $116,471 | $17,761 |
| ROBERT B ARNOLD JR | CHAIRMAN Trustee or director, Officer | 1 | $0 | $0 |
| BARBARA L MARSHALL | VICE CHAIRMAN Trustee or director, Officer | 1 | $0 | $0 |
| RONALD J MACCARONI | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| C SHUFORD ABERNETHY III | DIRECTOR Trustee or director | 1 | $0 | $0 |
| GREGORY M ALCORN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MARK G ALEXANDER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DARLENE L BALL | DIRECTOR Trustee or director | 1 | $0 | $0 |
| GWIN CARTER BARR | DIRECTOR Trustee or director | 1 | $0 | $0 |
| GARY BLABON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DANIEL T BROSS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| TOM BURETTE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| SARA D COOK | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JAMES L CRUMEL | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DR RANDALL S CRUMPLER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| THOMAS STOKES DENNARD | DIRECTOR Trustee or director | 1 | $0 | $0 |
| BART EDGE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| GERALD FRANCIS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| WILLIAM M GRAHAM | DIRECTOR Trustee or director | 1 | $0 | $0 |
| TINA COSTINO JONES | DIRECTOR Trustee or director | 1 | $0 | $0 |
| GLEN LLOYD | DIRECTOR Trustee or director | 1 | $0 | $0 |
| NICK MEANS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DEBORAH WILLIAMS MESSINGER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MARVIN MOORE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| RICHARD J SEIWELL | DIRECTOR Trustee or director | 1 | $0 | $0 |
| FRED J STANBACK JR | DIRECTOR Trustee or director | 1 | $0 | $0 |
| LEE B SYRIA | DIRECTOR Trustee or director | 1 | $0 | $0 |
| CHARLES D TAYLOR JR | DIRECTOR Trustee or director | 1 | $0 | $0 |
| BILL WAGONER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MONA L WALLACE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| SALLY WHITNEY | DIRECTOR Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 2300 W INNES ST, SALISBURY, NC 28144-2441
- In care of
- % NELSON A MURPHY
- Principal officer (990 for 2024)
- BOB WALLETT, 2300 W INNES STREET, SALISBURY, NC 28144
- Signed the 990
- BOB WALLETT, VP OF FINANCE & ADMINISTRATION
- Phone
- (704) 645-4853
- Website
- WWW.CATAWBA.EDU
- Return prepared by
- CHERRY BEKAERT ADVISORY LLC
Mission
CATAWBA COLLEGE IS COMMITTED TO PROVIDING STUDENTS AN EDUCATION RICH IN PERSONAL ATTENTION THAT BLENDS THE KNOWLEDGE AND COMPETENCIES OF LIBERAL STUDIES WITH CAREER PREPARATION. CATAWBA COLLEGE DRAWS STRENGTH FROM JUDEO-CHRISTIAN VALUES, SUSTAINS A DYNAMIC COMMUNITY OF LEARNERS AND SEEKS TO UNITE A DIVERSE POPULATION OF STUDENTS, FACULTY AND STAFF AS ACTIVE CO-PARTICIPANTS IN SCHOLARSHIP AND SERVICE. CATAWBA COLLEGE PREPARES STUDENTS TO REACH THEIR HIGHEST POTENTIAL WHILE BECOMING RESPONSIBLE CITIZENS WITH ZEAL TO ENRICH HUMAN LIFE.
Program accomplishments
- CATAWBA COLLEGE IS A PRIVATE, COEDUCATIONAL, AND RESIDENTIAL INSTITUTION OFFERING CAREER PREPARATION GROUNDED IN THE LIBERAL ARTS TRADITION. WE OFFER OVER 70 ACADEMIC FIELDS OF STUDY INCLUDING STRONG SCIENCE AND PRE-PROFESSIONAL PROGRAMS.Expenses $66,860,554 · grants $30,113,533 · revenue $50,776,155
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 May, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | May 31, 2026 | October 15, 2026 | Not on file |
| 2024 | May 31, 2025 | October 15, 2025 | 990 on file |
| 2023 | May 31, 2024 | October 15, 2024 | 990 on file |
IRS record
- EIN
- 56-0530251
- 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
- 1941
- Accounting year ends
- May
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B420)
- Assets (IRS master file)
- $833,178,617
- Income (IRS master file)
- $323,880,744
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | May 2025 | $310,506,126 | $95,170,917 | $833,178,617 | XML |
| 990 | May 2024 | $119,840,475 | $78,537,233 | $557,500,506 | XML |
| 990 | May 2023 | $98,707,113 | $67,931,220 | $442,162,950 | XML |
| 990 | May 2022 | – | – | – | IRS |
| 990 | May 2021 | – | – | – | IRS |
| 990 | May 2020 | – | – | – | IRS |
| 990 | May 2019 | – | – | – | IRS |
| 990 | May 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 56-0530251).
Questions about CATAWBA COLLEGE
- What is the EIN of CATAWBA COLLEGE?
- The employer identification number (EIN) of CATAWBA COLLEGE is 56-0530251.
- Is CATAWBA COLLEGE tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1941.
- Are donations to CATAWBA COLLEGE tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does CATAWBA COLLEGE 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 CATAWBA COLLEGE due?
- The return for tax year 2025 (the year ending May 31, 2026) is due October 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did CATAWBA COLLEGE last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended May 2025.
- Who is the principal officer of CATAWBA COLLEGE?
- The 990 for the year ended May 31, 2025 names BOB WALLETT.
- Who are the officers and directors of CATAWBA COLLEGE?
- The 990 for the year ended May 31, 2025 lists 37 people; 12 received compensation from the organization, the highest $328,357 (DAVID P NELSON, PRESIDENT).
- How much revenue does CATAWBA COLLEGE have?
- On its 990 for the year ended May 31, 2025 it reported revenue of $310,506,126, expenses of $95,170,917 and total assets of $833,178,617 at year end.
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