CHARLESTON SOUTHERN UNIVERSITY

EIN: 570474291 501(c)(3) Education

CHARLESTON, SC

Total Revenue
$125,239,964
Total Expenses
$124,064,520
Total Assets
$237,633,217
Net Assets
$151,119,168
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Financial Trends

Organization Details

Formation Year
1960
Legal Domicile
SC
Principal Officer
B KEITH FAULKNER
Phone
8438638000
Tax Period
2024-06-01 to 2025-05-31

CHARLESTON SOUTHERN UNIVERSITY, founded in 1960, is a major nonprofit in the Education sector that reported $125.2M in total revenue in fiscal year 2024.

Mission

CHARLESTON SOUTHERN UNIVERSITY (CSU) IS A PRIVATE, FOUR-YEAR CO-EDUCATIONAL INSTITUTION ORGANIZED UNDER THE LAWS OF THE STATE OF SOUTH CAROLINA AS A NON-PROFIT ORGANIZATION AND SPONSORED BY THE SOUTH CAROLINA BAPTIST CONVENTION. THE UNIVERSITY'S MISSION IS TO PROMOTE ACADEMIC EXCELLENCE IN A CHRISTIAN ENVIRONMENT.

Program Service Accomplishments

Program 1
Expenses: $78,884,346 Revenue: $99,222,063

INSTRUCTION: FOR THE FISCAL YEAR 2024-25, ENROLLMENT WAS 3866 UNDERGRADUATE AND GRADUATE STUDENTS COMPLETING TRADITIONAL, ONLINE, AND HYBRID COURSES. 792 DEGREES (614 UNDERGRADUATE, 178 GRADUATE AND...

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INSTRUCTION: FOR THE FISCAL YEAR 2024-25, ENROLLMENT WAS 3866 UNDERGRADUATE AND GRADUATE STUDENTS COMPLETING TRADITIONAL, ONLINE, AND HYBRID COURSES. 792 DEGREES (614 UNDERGRADUATE, 178 GRADUATE AND DOCTORAL) WERE CONFERRED DURING THE YEAR, AND THE TOTAL NUMBER OF FULL-TIME PROFESSORS WAS 198 INCLUDING DEANS AND ADMINISTRATIVE APPOINTEES. WE OFFERED 75 UNDERGRADUATE DEGREES/CONCENTRATIONS AND 29 GRADUATE DEGREE/CONCENTRATIONS PROGRAMS. CHARLESTON SOUTHERN UNIVERSITY IS REGIONALLY ACCREDITED BY THE SOUTHERN ASSOCIATION OF COLLEGES AND SCHOOLS COMMISSION ON COLLEGES (SACSCOC), WHOSE MISSION IS TO "ASSURE THE EDUCATIONAL QUALITY AND IMPROVE THE EFFECTIVENESS OF ITS MEMBER INSTITUTIONS". CSU IS IN GOOD STANDING WITH SACSCOC AND OUR NEXT SACSCOC FULL 10-YEAR REVIEW WILL OCCUR IN 2026-27. CSU OFFERED 3712 COURSES INCLUDING ONLINE AND GRADUATE COURSES DURING THE 2024-2025 ACADEMIC YEAR. THE UNIVERSITY EXPERIENCED A SIGNIFICANT RETURN OF FULL-TIME TRADITIONAL STUDENTS WHILE EXPANDING PROGRAM OFFERINGS FOR NON-TRADITIONAL STUDENTS. DEANS, SENIOR ADMINISTRATORS, AND FACULTY MEMBERS ARE CONTINUALLY IN TOUCH WITH LOCAL EMPLOYERS, MANY OF WHOM SERVE ON OUR ADVISORY BOARDS FOR THE VARIOUS COLLEGES AND DIVISIONS, INCLUDING BUSINESS, EDUCATION, NURSING, AND COMPUTER SCIENCE. CSU CONTINUES TO DEVELOP NEW PROGRAMS TO INCREASE WORKFORCE READINESS THROUGH INTERNSHIPS. AS THE PREFERENCE FOR REMOTE WORKING CONTINUES, WE HAVE FOUND MORE EMPLOYERS ARE SEEKING TO ENROLL THEIR EMPLOYEES IN ONLINE CLASSES TO ENHANCE THEIR MASTERY OF TECHNOLOGY VIA THE INTERNET. WE CONTINUE TO INCREASE THE ENROLLMENT IN OUR BS IN AERONAUTICS DEGREE PROGRAM. WE CURRENTLY HAVE 172 STUDENTS TAKING THESE CLASSES. WE CONTINUE TO REVIEW THEIR INTEREST LEVELS IN SPECIFIC AREAS AND HAVE UPFITTED AN ON-CAMPUS SIMULATION LAB AND INSTRUCTIONAL SPACES FOR THE LARGE NUMBER OF STUDENTS INTERESTED IN PURSUING THIS DEGREE. THE PHYSICAL THERAPY PROGRAM CONTINUES TO GROW WITH A NEW COHORT OF 48 STUDENTS ENTERING THE PROGRAM EACH MAY. THE HEALTH SCIENCE BUILDING WAS FITTED WITH THE APPROPRIATE EQUIPMENT IN THE LABORATORIES AND CLASSROOMS THAT WILL ENHANCE THE ABILITIES TO CONDUCT RESEARCH AND PRACTICE NEW SKILLS. SIMILARLY, THE PHYSICIAN ASSISTANT PROGRAM CONTINUES TO BE A GROWING PROGRAM WITH HIGH LEVELS OF COMPETITION FOR ADMISSION. CSU FACULTY AND STAFF REMAIN INVOLVED WITH THE TRIDENT ADVISORY BOARD, TRIDENT UNITED WAY LITERACY PROGRAM, THE LOWCOUNTRY STEM COLLABORATIVE, AND THE CHARLESTON METRO CHAMBER OF COMMERCE, AND CONTINUE TO INCREASE OUR OPPORTUNITIES TO BUILD PARTNERSHIPS WITH INTERNATIONAL COMPANIES WHO HAVE A LOCAL PRESENCE. THE COLLEGE OF EDUCATION HAS ALSO PARTNERED WITH THE LOCAL SCHOOL DISTRICTS TO PROVIDE NEEDED EXPANSION OF PROGRAMS AND CERTIFICATE OPPORTUNITIES TO BETTER SERVE THE REGION. THE TEACHER CADET PROGRAM REMAINS ONE OF THE LARGEST PROGRAMS IN THE STATE.

Program 2
Expenses: $20,205,506 Revenue: $4,300,221

STUDENT SERVICES: CONSISTS OF CAMPUS MINISTRIES, RESIDENCE LIFE, CAREER SERVICES, STUDENT ACTIVITIES, COUNSELING SERVICES, CAMPUS RECREATION, CAMPUS SECURITY, AND TITLE IX. THE ENROLLMENT SERVICES...

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STUDENT SERVICES: CONSISTS OF CAMPUS MINISTRIES, RESIDENCE LIFE, CAREER SERVICES, STUDENT ACTIVITIES, COUNSELING SERVICES, CAMPUS RECREATION, CAMPUS SECURITY, AND TITLE IX. THE ENROLLMENT SERVICES OFFICE IS HOUSED IN THE HUNTER CENTER. ENROLLMENT SERVICES IS COMPRISED OF THE FOLLOWING: ADMISSIONS (UNDERGRADUATE AND GRADUATE), FINANCIAL AID, STUDENT ACCOUNTS, VA SERVICES, ENROLLMENT OPERATIONS, THE CASHIER'S OFFICE, AND THE REGISTRAR'S OFFICE. THE ENROLLMENT SERVICES OFFICE HANDLES ALL UNDERGRADUATE AND GRADUATE RECRUITING. THE ADMISSIONS OFFICE HANDLES MULTIPLE COMMUNICATION CHANNELS FOR MORE THAN 40,000 PROSPECTIVE STUDENTS ANNUALLY, RESULTING IN MORE THAN 1,400 NEW STUDENTS EACH YEAR. THE FINANCIAL AID OFFICE PROCESSED MORE THAN $100 MILLION OF FEDERAL, STATE, AND INSTITUTIONAL FINANCIAL AID FOR MORE THAN 3,300 STUDENTS DURING THE 2024-2025 ACADEMIC YEAR. APPROXIMATELY NINETY-SEVEN PERCENT OF THE UNIVERSITY'S UNDERGRADUATE POPULATION RECEIVES SOME TYPE OF FINANCIAL ASSISTANCE. CHARLESTON SOUTHERN HAS BEEN RECOGNIZED FOR THE FOLLOWING: ONE OF AMERICA'S 100 BEST COLLEGE BUYS, A COLLEGE OF DISTINCTION, ONE OF AMERICA'S BEST CHRISTIAN COLLEGES, AND A U.S. NEWS AND WORLD REPORT BEST ONLINE COLLEGE. THE UNIVERSITY CONTINUES TO PROMOTE ACADEMIC EXCELLENCE IN A CHRISTIAN ENVIRONMENT. IN ADDITION, CSU IS PROUD OF ITS CONSISTENT SUPPORT OF VETERANS AND MILITARY AFFILIATED STUDENTS. THE SCHOOL GENEROUSLY PARTICIPATES IN THE YELLOW RIBBON PROGRAM, PROVIDING ADDITIONAL FUNDING FOR STUDENTS USING THE POST 9/11 GI BILL. OVER 500 VETERANS AND DEPENDENTS UTILIZED VETERAN EDUCATION BENEFITS AT CHARLESTON SOUTHERN UNIVERSITY DURING THE 2024-25 ACADEMIC YEAR. CONSISTENT PARTICIPATION IN THE DOD MEMORANDUM OF UNDERSTANDING AND PRINCIPLES OF EXCELLENCE PROGRAMS DEMONSTRATES CSU'S COMMITMENT TO THE MILITARY COMMUNITY.

Program 3
Expenses: $12,000,172 Revenue: $12,877,350

AUXILIARY ENTERPRISES: THE UNIVERSITY'S AUXILIARY ENTERPRISES CONSIST PRIMARILY OF RESIDENCE LIFE, CAMPUS DINING SERVICES, THE CAMPUS BOOKSTORE, AND CONFERENCE AND CAMP OPERATIONS THAT SUPPORT...

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AUXILIARY ENTERPRISES: THE UNIVERSITY'S AUXILIARY ENTERPRISES CONSIST PRIMARILY OF RESIDENCE LIFE, CAMPUS DINING SERVICES, THE CAMPUS BOOKSTORE, AND CONFERENCE AND CAMP OPERATIONS THAT SUPPORT STUDENTS, FACULTY, STAFF, AND EXTERNAL GROUPS.DINING SERVICES - INCLUDING THE MAIN DINING HALL, JAVA CITY, BUC STOP DINER, AND CHICK-FIL-A EXPRESS - ARE OPERATED AND MANAGED BY ARAMARK. THE CAMPUS BOOKSTORE IS OPERATED AND MANAGED BY SLINGSHOT.DURING THE SUMMER MONTHS, THE UNIVERSITY HOSTS EXTERNAL YOUTH AND CHURCH-AFFILIATED CAMPS AND CONFERENCES, INCLUDING PARTNERSHIPS WITH THE SOUTH CAROLINA BAPTIST CONVENTION FOR ITS SUMMERSALT AND KIDSALT PROGRAMS, AS WELL AS OTHER LARGE CHURCH CAMPS. THESE PROGRAMS UTILIZE CAMPUS HOUSING, DINING, AND FACILITIES AND TYPICALLY SERVE APPROXIMATELY 3,500 - 4,000 PARTICIPANTS EACH SUMMER.THESE AUXILIARY ACTIVITIES GENERATE REVENUE THAT SUPPORTS THE UNIVERSITY'S OPERATIONS WHILE MAXIMIZING USE OF CAMPUS FACILITIES OUTSIDE THE ACADEMIC YEAR.

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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 (2024)

Revenue Breakdown

Contributions & Grants $5,279,433
Program Service Revenue $116,423,208
Investment Income $3,503,426
Other Revenue $33,897
TOTAL REVENUE $125,239,964

Expense Breakdown

Grants Paid $45,269,114
Salaries & Benefits $36,468,160
Fundraising Expenses $1,534,064
Program Expenses $113,695,969
Other Expenses $42,327,246
TOTAL EXPENSES $124,064,520

Year-over-Year Comparison

2024 2023 Change
Revenue $125,239,964 $116,149,987 +0.1%
Expenses $124,064,520 $113,982,111 +0.1%
Net Income $1,175,444 $2,167,876 -0.5%
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
25
Independent Members
25
Employees
1117
Volunteers
235

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
14
$1,884,687
Total Directors
30
$0
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MR DEAN MURPHY TRUSTEE/CHAIRMAN 1.00
Officer Director
$0 $0 $0
DR JERRY WILLIAMS TRUSTEE/VICE CHAIRMAN 1.00
Officer Director
$0 $0 $0
MR BILL CARPENTER TRUSTEE/SECRETARY 1.00
Officer Director
$0 $0 $0
MR MARK HOOD TRUSTEE/VICE CHAIRMAN (PART YEAR) 1.00
Officer Director
$0 $0 $0
MR RON BRANTLEY TRUSTEE 1.00
Director
$0 $0 $0
MR ADAM ROBERTSON TRUSTEE 1.00
Director
$0 $0 $0
REV ALEX SANDS TRUSTEE 1.00
Director
$0 $0 $0
MR BOBBY WOOD TRUSTEE 1.00
Director
$0 $0 $0
MR JEFF WILDES TRUSTEE 1.00
Director
$0 $0 $0
DR JOSEPH RUSSELL TRUSTEE 1.00
Director
$0 $0 $0
MRS JULIA MARTIN TRUSTEE 1.00
Director
$0 $0 $0
MR LARRY DRIGGERS TRUSTEE 1.00
Director
$0 $0 $0
MR RANDY ELLER TRUSTEE 1.00
Director
$0 $0 $0
MR RICK REDDEN TRUSTEE 1.00
Director
$0 $0 $0
REV ROBBIE BAXLEY TRUSTEE 1.00
Director
$0 $0 $0
DR RYAN ASHLEY TRUSTEE 1.00
Director
$0 $0 $0
DR RYAN PACK TRUSTEE 1.00
Director
$0 $0 $0
MRS TERRI AUSTIN TRUSTEE 1.00
Director
$0 $0 $0
DR TIM SPURLING TRUSTEE 1.00
Director
$0 $0 $0
MR TIM WHITFIELD TRUSTEE 1.00
Director
$0 $0 $0
MR WILLIAM RENFROW TRUSTEE 1.00
Director
$0 $0 $0
REV RANDY HARLING TRUSTEE 1.00
Director
$0 $0 $0
MRS LINDA FICK TRUSTEE 1.00
Director
$0 $0 $0
DR JUDY HETZ TRUSTEE 1.00
Director
$0 $0 $0
MR JAMES DAVIS TRUSTEE 1.00
Director
$0 $0 $0
REV SETH BUCKLEY TRUSTEE 1.00
Director
$0 $0 $0
DR DJ HORTON TRUSTEE (PART YEAR) 1.00
Director
$0 $0 $0
DR JAMES MERRITT TRUSTEE (PART YEAR) 1.00
Director
$0 $0 $0
MRS MISSY BRANCH TRUSTEE (PART YEAR) 1.00
Director
$0 $0 $0
MR PHIL BYRD TRUSTEE (PART YEAR) 1.00
Director
$0 $0 $0
JEFF BARBER VP INTERCOLLEGIATE ATHLETICS 40.00
Officer
$176,178 $28,098 $204,276
DR ANTHONY TURNER VP ENROLLMENT MANAGEMENT 40.00
Officer
$130,178 $37,950 $168,128
ROBERT L BLACKMON VP OF BUSINESS AFFAIRS 40.00
Officer
$153,029 $8,437 $161,466
DAVID BAGGS VP FOR DEVELOPMENT 40.00
Officer
$140,596 $17,237 $157,833
DR MICHAEL BRYANT VP STRATEGIC PLANNING, FAITH INTEGRATION, AND CHRI 40.00
Officer
$60,480 $60,487 $120,967
DR SCOTT YARBROUGH VP ACADEMIC COMPLIANCE, INSTITUTIONAL EFFECTIVENES 40.00
Officer
$119,471 $25,345 $144,816
MICHAEL WILDER VP ACADEMIC AFFAIRS 40.00
Officer
$92,728 $114,157 $206,885
B KEITH FAULKNER PRESIDENT 45.00
Officer
$400,161 $43,752 $443,913
SHANNON MORRISON VP FOR FINANCE 40.00
Officer
$101,205 $19,858 $121,063
JODY JENNINGS VP STUDENT LIFE (PART YEAR) 40.00
Officer
$120,201 $35,139 $155,340
NATHAN GABE GIARDINA HEAD FOOTBALL COACH 40.00
Highest
$154,980 $36,085 $191,065
JAIRY HUNTER PRESIDENT EMERITUS 15.00
Highest
$313,785 $455 $314,240
GABBY POOLE DIRECTOR, PA PROGRAM, DEAN OF COHS 40.00
Highest
$155,213 $13,041 $168,254
JACOB THORPE DIRECTOR, PT PROGRAM 40.00
Highest
$158,216 $7,182 $165,398
MARC EMBLER ASSOCIATE VICE PRESIDENT FOR ACADEMIC AFFAIRS; DEA 40.00
Highest
$153,833 $7,847 $161,680
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 $125,239,964 $124,064,520 $237,633,217 $1,175,444
2024 $116,149,987 $113,982,111 $207,899,405 $2,167,876
2023 $122,487,793 $111,518,712 $205,078,921 $10,969,081
2022 $118,040,499 $113,869,762 $197,723,286 $4,170,737
2021 $101,950,337 $99,184,965 $197,352,636 $2,765,372
2020 $94,488,376 $92,359,253 $191,448,124 $2,129,123
2019 $94,145,591 $92,421,901 $190,621,399 $1,723,690
2018 $95,790,845 $92,555,796 $191,637,652 $3,235,049
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