Greensboro College

EIN: 560532144 501(c)(3) Education

Greensboro, NC

Total Revenue
$23,117,067
Total Expenses
$27,403,061
Total Assets
$49,827,917
Net Assets
$26,663,674
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Financial Trends

Organization Details

Formation Year
1938
Legal Domicile
NC
Phone
3362727102
Tax Period
2023-07-01 to 2024-06-30

Greensboro College, founded in 1938, is a mid-sized nonprofit in the Education sector that reported $23.1M in total revenue in fiscal year 2023. Revenue grew 15% year-over-year, indicating healthy expansion. Expenses of $27.4M exceeded revenue, resulting in a 19% operating deficit.

Mission

Greensboro College provides a liberal arts education grounded in the traditions of the United Methodist Church and fosters the intellectual, social, and, spiritual development of all students while supporting their individual needs.

Program Service Accomplishments

Program 1
Expenses: $21,178,618 Revenue: $19,122,903

THE TEACHER EDUCATION PROGRAM IS ACCREDITED BY THE NORTH CAROLINA STATE BOARD OF EDUCATION AND THE NATIONAL COUNCIL FOR ACCREDITATION OF TEACHER EDUCATION (NCATE). THE MUSIC PROGRAM IS ACCREDITED BY...

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THE TEACHER EDUCATION PROGRAM IS ACCREDITED BY THE NORTH CAROLINA STATE BOARD OF EDUCATION AND THE NATIONAL COUNCIL FOR ACCREDITATION OF TEACHER EDUCATION (NCATE). THE MUSIC PROGRAM IS ACCREDITED BY THE NATIONAL ASSOCIATION OF SCHOOLS OF MUSIC. THE ATHLETIC TRAINING PROGRAM IS ACCREDITED BY THE COMMISSION ON ACCREDITATION OF ATHLETIC TRAINING EDUCATION. THE BUSINESS PROGRAM IS ACCREDITED BY THE ASSOCIATION OF COLLEGIATE BUSINESS SCHOOLS AND PROGRAMS. ENROLLMENT, FALL 2023 TOTAL STUDENTS: 835 ON-CAMPUS RESIDENTS: 40% MALE/FEMALE RATIO: 41%/59% ETHNIC MINORITIES: 54% TOP STATES: -NC - 79% -VA - 4% -FL - 3% -GA - 3% -SC - 3% GREENSBORO COLLEGE STUDENTS COME FROM 22 STATES AND 6 COUNTRIES. ACADEMICS -42 UNDERGRADUATE MAJORS -39 MINORS -MASTER OF ARTS IN THEOLOGY, ETHICS AND CULTURE, MASTER OF ARTS IN TEACHING ENGLISH TO SPEAKERS OF OTHER LANGUAGES, AND THE MASTER OF EDUCATION, LICENSURE PLUS MASTER OF ARTS DEGREE IN TEACHING ENGLISH TO SPEAKERS OF OTHER LANGUAGES, AND LICENSURE PLUS MASTER OF EDUCATION. -SPECIAL PROGRAMS: HONORS PROGRAM, STUDY ABROAD, GLOBAL COMMUNICATION CENTER - WRITING TUTORING/PRESENTATION TUTORING/PODCASTING ASSISTANCE, GRADUATE CERTIFICATES IN TEACHING ENGLISH TO SPEAKERS OF OTHER LANGUAGES, GRADUATE CERTIFICATES IN EDUCATION, ADVANCED CERTIFICATE IN RELIGIOUS STUDIES -FULL-TIME FACULTY: 47 -STUDENT/FACULTY RATIO: 10:1 -AVERAGE CLASS SIZE: 10 CAMPUS LIFE CLUBS AND ORGANIZATIONS: MORE THAN 30 RELIGIOUS LIFE: THE RELIGIOUS LIFE OFFICE IS DEDICATED TO SERVING THE GREENSBORO COLLEGE COMMUNITY'S FAITH AND SPIRITUAL NEEDS. RELIGIOUS LIFE AT GREENSBORO COLLEGE IS ACTIVE ON MANY LEVELS AND IN MANY FORMS INCLUDING THE FOLLOWING: -INTERPERSONAL CONTACTS -COMMUNITY WORSHIP -STUDENT ORGANIZATIONS -YOUTH OUTREACH -PROFESSIONAL AND VOLUNTEER OFF-CAMPUS CONNECTIONS ATHLETICS 18 INTERCOLLEGIATE MEN'S AND WOMEN'S SPORTS IN NCAA DIVISION III; USA SOUTH CONFERENCE A strategic plan has been adopted for Greensboro College. GC2027. Visit our website at www.greensboro.edu to see how this five year plan captures the essence of how we continue to uphold the traditions of our United Methodist affiliation, remain true to a liberal arts education and appeal to individual learning styles through the incorporation of Universal Design for Learning.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $2,099,988
Program Service Revenue $19,122,903
Investment Income $1,387,309
Other Revenue $506,867
TOTAL REVENUE $23,117,067

Expense Breakdown

Grants Paid $4,625,982
Salaries & Benefits $10,363,013
Fundraising Expenses $565,464
Program Expenses $21,178,618
Other Expenses $12,414,066
TOTAL EXPENSES $27,403,061

Year-over-Year Comparison

2023 2022 Change
Revenue $23,117,067 $20,027,431 +0.2%
Expenses $27,403,061 $26,856,774 +0.0%
Net Income $-4,285,994 $-6,829,343 -0.4%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
28
Independent Members
28
Employees
369
Volunteers
32

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
9
$744,686
Total Directors
31
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
kenneth C Mayer Jr Second Vice Chair 1.0
Officer Director
$0 $0 $0
Kevin M Green Secretary 1.0
Officer Director
$0 $0 $0
Martha F Bradberry Chair 1.0
Officer Director
$0 $0 $0
Thomas W Clawson First Vice Chair 1.0
Officer Director
$0 $0 $0
Allie Petrova Board Member 1.0
Director
$0 $0 $0
Andreas Mosby Board Member 1.0
Director
$0 $0 $0
Ashley D Roseboro Board Member 1.0
Director
$0 $0 $0
Betty Jane Farrell Williams Emeriti 1.0
Director
$0 $0 $0
Brittany S Carroll Board Member 1.0
Director
$0 $0 $0
C Brent DeVore Emeriti 1.0
Director
$0 $0 $0
Candace Lambeth Kime Emeriti 1.0
Director
$0 $0 $0
Connie Shelton Non-voting ex-officio member 1.0
Director
$0 $0 $0
Daniel Martin Board Member Rolled Off 12/31/2023 1.0
Director
$0 $0 $0
Elizabeth Fonorow Board Member 1.0
Director
$0 $0 $0
Frederick A Davie Jr Board Member 1.0
Director
$0 $0 $0
Frederick Fred T Jones Jr Life Emeriti Non-voting member, Deceased January 2024 1.0
Director
$0 $0 $0
Gail B Huggins Emeriti 1.0
Director
$0 $0 $0
Gregory Gonzales Board Member Rolled Off 12/31/2023 1.0
Director
$0 $0 $0
J Alexander S Barrett Board Member Joined 1/01/2024 1.0
Director
$0 $0 $0
John A Tricoli III Board Member Rolled Off 12/31/2023 1.0
Director
$0 $0 $0
Joshua M Noblitt Board Member 1.0
Director
$0 $0 $0
Karen Riegel Anzola Board Member 1.0
Director
$0 $0 $0
Kathrine S Peele ex-officio voting member 1.0
Director
$0 $0 $0
Ken Carter Non-voting ex-officio member 1.0
Director
$0 $0 $0
Lorraine Orr Board Member 1.0
Director
$0 $0 $0
Lynn L Lane Emeriti 1.0
Director
$0 $0 $0
Nickolay N Bochilo Board Member Rolled Off 12/31/2023 1.0
Director
$0 $0 $0
Otto D Harris Board Member Joined 1/01/2024 1.0
Director
$0 $0 $0
Russell R Myers Emeriti 1.0
Director
$0 $0 $0
Shannon Scales Board Member 1.0
Director
$0 $0 $0
Wilson Lester Board Member 1.0
Director
$0 $0 $0
Anne Hurd VP Chief Advancement Offic 40.0
Officer
$134,185 $0 $134,185
Christopher Elmore VP Chief Financial Officer 40.0
Officer
$135,684 $0 $135,684
Daniel Malotky VP for Academic Affairs Te 40.0
Officer
$117,550 $0 $117,550
Lawrence D Czarda Non-voting ex-officio member 40.0
Officer
$245,999 $0 $245,999
Randy Doss VP for Enrollment 40.0
Officer
$111,268 $0 $111,268
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 No data No data No data No data
2024 $23,117,067 $27,403,061 $49,827,917 $-4,285,994
2023 $20,027,431 $26,856,774 $48,075,606 $-6,829,343
2022 $26,829,326 $24,057,014 $51,991,502 $2,772,312
2021 $24,514,416 $22,520,282 $58,271,296 $1,994,134
2020 $22,917,334 $22,440,165 $51,722,374 $477,169
2019 $29,901,870 $28,743,569 $50,906,661 $1,158,301
2018 $29,657,561 $28,730,506 $49,295,852 $927,055
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