THE CORPORATION OF MERCER UNIVERSITY

EIN: 580566167 501(c)(3)

MACON, GA

Total Revenue
$434,660,951
Total Expenses
$414,983,749
Total Assets
$1,048,317,053
Net Assets
$661,926,145
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Financial Trends

Organization Details

Formation Year
1833
Legal Domicile
GA
Principal Officer
WILLIAM D UNDERWOOD
Phone
4783012710
Tax Period
2022-07-01 to 2023-06-30

THE CORPORATION OF MERCER UNIVERSITY is a 501(c)(3) with EIN 580566167, based in MACON, GA. Founded in 1833, the organization files IRS Form 990 and reported its most recent data for fiscal year 2022. In that period, it reported $434,660,951 in total revenue and $414,983,749 in total expenses, with net assets of $661,926,145.

Mission

HOUSING ALLOWANCE, PERSONAL SERVICES, AND CLUB DUES WILLIAM UNDERWOOD, MERCER UNIVERSITY PRESIDENT, RECEIVED A PROVISION OF HOUSING, INCLUDING CUSTODIAL SERVICES, FOR BUSINESS USE. THIS WAS NOT TREATED AS TAXABLE COMPENSATION. PENNY ELKINS, MERCER UNIVERSITY EXECUTIVE VICE PRESIDENT, RECEIVED A PROVISION OF HOUSING FOR BUSINESS USE. THIS WAS NOT TREATED AS TAXABLE COMPENSATION. JAMES NETHERTON, EXECUTIVE VICE PRESIDENT OF ADMINISTRATION AND FINANCE, RECEIVED A CORPORATE MEMBERSHIP TO A SOCIAL CLUB. THIS WAS NOT TREATED AS TAXABLE INCOME.

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Trantor Score

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

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Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $62,393,992
Program Service Revenue $356,344,652
Investment Income $12,258,136
Other Revenue $3,664,171
TOTAL REVENUE $434,660,951

Expense Breakdown

Grants Paid $97,527,781
Salaries & Benefits $187,232,894
Fundraising Expenses $3,446,642
Program Expenses $393,969,162
Other Expenses $130,223,074
TOTAL EXPENSES $414,983,749

Year-over-Year Comparison

2022 2021 Change
Revenue $434,660,951 $443,031,895 0.0%
Expenses $414,983,749 $417,045,694 0.0%
Net Income $19,677,202 $25,986,201 -0.2%
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
50
Independent Members
49
Employees
4587
Volunteers
550

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
$3,187,100
Total Directors
58
$702,106
Key Employees
3
$994,398
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
WILLIAM UNDERWOOD PRESIDENT/PROFESSOR OF LAW 40.00
Officer Director
$644,415 $57,691 $702,106
CATHY CALLAWAY ADAMS TRUSTEE 1.00
Director
$0 $0 $0
VIRGIL L ADAMS TRUSTEE 1.00
Director
$0 $0 $0
WILLIAM H ANDERSON II TRUSTEE 1.00
Director
$0 $0 $0
G HOLMES BELL IV TRUSTEE 1.00
Director
$0 $0 $0
THOMAS P BISHOP TRUSTEE 1.00
Director
$0 $0 $0
THE HONORABLE MICHAEL BOGGS TRUSTEE 1.00
Director
$0 $0 $0
CAROLYN TOWNSEND MCAFEE BRUNER TRUSTEE 1.00
Director
$0 $0 $0
MALCOLM S BURGESS JR TRUSTEE 1.00
Director
$0 $0 $0
CHARLES L CANTRELL III TRUSTEE 1.00
Director
$0 $0 $0
JIMMY CARTER TRUSTEE 1.00
Director
$0 $0 $0
LIZA CHAPMAN TRUSTEE 1.00
Director
$0 $0 $0
ASHLEY AMOS COPELAN TRUSTEE 1.00
Director
$0 $0 $0
MILTON L CRUZ TRUSTEE 1.00
Director
$0 $0 $0
HEATHER DARDEN TRUSTEE 1.00
Director
$0 $0 $0
DWIGHT J DAVIS TRUSTEE 1.00
Director
$0 $0 $0
THE HONORABLE NATHAN DEAL TRUSTEE 1.00
Director
$0 $0 $0
TERRY ENGLAND TRUSTEE 1.00
Director
$0 $0 $0
GENE GABBARD TRUSTEE 1.00
Director
$0 $0 $0
ROBERT G GODDARD III TRUSTEE 1.00
Director
$0 $0 $0
ROBERT F HATCHER TRUSTEE 1.00
Director
$0 $0 $0
DR ROY HEAD TRUSTEE 1.00
Director
$0 $0 $0
DAVID E HUDSON TRUSTEE 1.00
Director
$0 $0 $0
GENELLE JENNINGS TRUSTEE 1.00
Director
$0 $0 $0
DR STANLEY DEMETRIUS JONES TRUSTEE 1.00
Director
$0 $0 $0
DR SHAUN KING TRUSTEE 1.00
Director
$0 $0 $0
DR SPENCER B KING III TRUSTEE 1.00
Director
$0 $0 $0
GEN CLAUDE M KICKLIGHTER TRUSTEE 1.00
Director
$0 $0 $0
JULIE LONG TRUSTEE 1.00
Director
$0 $0 $0
A RABUN A MATTHEWS III TRUSTEE 1.00
Director
$0 $0 $0
J THOMAS MCAFEE III TRUSTEE 1.00
Director
$0 $0 $0
THE HONORABLE M YVETTE MILLER TRUSTEE 1.00
Director
$0 $0 $0
JACKIE BAUGH MOORE TRUSTEE 1.00
Director
$0 $0 $0
ELI MORGAN TRUSTEE 1.00
Director
$0 $0 $0
THE HONORABLE MAXINE C MORRIS TRUSTEE 1.00
Director
$0 $0 $0
MARY DIANE OWENS TRUSTEE 1.00
Director
$0 $0 $0
WILLIAM KNOX POU JR TRUSTEE 1.00
Director
$0 $0 $0
JOE SAM ROBINSON JR CHAIR 1.00
Director
$0 $0 $0
THE HONORABLE W LOUIS SANDS TRUSTEE 1.00
Director
$0 $0 $0
CHRIS R SHERIDAN JR TRUSTEE 1.00
Director
$0 $0 $0
JENNIFER NUNN TARBUTTON TRUSTEE 1.00
Director
$0 $0 $0
DR BARBARA BROWN TAYLOR TRUSTEE 1.00
Director
$0 $0 $0
JAMES WILLIAM THOMAS JR TRUSTEE 1.00
Director
$0 $0 $0
THE HONORABLE MARC TREADWELL TRUSTEE 1.00
Director
$0 $0 $0
WILLIAM BRADLEY TURNER JR TRUSTEE 1.00
Director
$0 $0 $0
J HENRY WALKER TRUSTEE 1.00
Director
$0 $0 $0
RAYMOND M WARREN III CHAIR 1.00
Director
$0 $0 $0
CHARLES WATSON JR TRUSTEE 1.00
Director
$0 $0 $0
JERRY S WILSON TRUSTEE 1.00
Director
$0 $0 $0
M TROY WOODS TRUSTEE 1.00
Director
$0 $0 $0
CURTIS G ANDERSON TRUSTEE (UNTIL 11/11/2022) 1.00
Director
$0 $0 $0
DR JAMES C ELDER JR TRUSTEE (UNTIL 11/11/2022) 1.00
Director
$0 $0 $0
BENJAMIN W GRIFFITH III TRUSTEE (UNTIL 11/11/2022) 1.00
Director
$0 $0 $0
J CURTIS LEWIS III TRUSTEE (UNTIL 11/11/2022) 1.00
Director
$0 $0 $0
DAVID E LINCH TRUSTEE (UNTIL 11/11/2022) 1.00
Director
$0 $0 $0
WILLIAM A MOYE TRUSTEE (UNTIL 11/11/2022) 1.00
Director
$0 $0 $0
J REG MURPHY TRUSTEE (UNTIL 11/11/2022) 1.00
Director
$0 $0 $0
RICHARD A SCHNEIDER TRUSTEE (UNTIL 11/11/2022) 1.00
Director
$0 $0 $0
JAMES NETHERTON EXEC VP - ADMIN & FINANCE 40.00
Officer
$347,561 $55,734 $403,295
DAVID DAVIS PROVOST/PROFESSOR 40.00
Officer
$329,728 $68,962 $398,690
PENNY ELKINS SR VP - ENROLLMENT MGMT 40.00
Officer
$299,787 $47,797 $347,584
JOHN PATTERSON SR VP - UNIV ADVANCEMENT 40.00
Officer
$275,955 $64,265 $340,220
LARRY BRUMLEY SR VP - MARKETING COMM 40.00
Officer
$255,458 $29,183 $284,641
KELLIE APPEL SR VP - STRATEGIC INITIATI 40.00
Officer
$240,427 $57,555 $297,982
JULIA DAVIS AVP FINANCE & TREASURER 40.00
Officer
$175,325 $21,529 $196,854
MATTHEW HALL INTERIM GENERAL COUNSEL 40.00
Officer
$173,271 $42,457 $215,728
JEAN SUMNER DEAN/PROFESSOR 40.00
Key Emp
$444,611 $50,227 $494,838
ANDREA MITCHELL EXECUTIVE DIRECTOR 40.00
Key Emp
$253,759 $49,185 $302,944
ANITA GUSTAFSON DEAN/PROFESSOR OF HISTORY 40.00
Key Emp
$160,595 $36,021 $196,616
JOHN HAWKINS ASSOCIATE PROFESSOR 40.00
Highest
$491,811 $56,899 $548,710
GREGORY GARY HEAD MEN'S BASKETBALL COACH 40.00
Highest
$302,500 $21,572 $324,072
EDWIN GRIMSLEY SENIOR ASSOCIATE DEAN, MAC 40.00
Highest
$300,308 $55,224 $355,532
ANDREW CRONIC HEAD FOOTBALL COACH 40.00
Highest
$299,727 $62,960 $362,687
SUSANNE GARDNER HEAD WOMENS BASKETBALL COACH 40.00
Highest
$288,995 $42,043 $331,038
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
2024 No data No data No data No data
2023 $434,660,951 $414,983,749 $1,048,317,053 $19,677,202
2022 $443,031,895 $417,045,694 $969,819,190 $25,986,201
2021 $444,048,225 $389,289,694 $975,470,567 $54,758,531
2020 $406,533,025 $378,383,886 $834,032,550 $28,149,139
2019 $396,023,419 $370,516,792 $808,696,382 $25,506,627
2018 $376,143,289 $352,944,856 $743,858,053 $23,198,433
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