SOUTH UNIVERSITY - MEMBER INC

EIN: 815128459 501(c)(3)

SAVANNAH, GA

Total Revenue
$305,449,830
Total Expenses
$277,229,298
Total Assets
$156,264,687
Net Assets
$42,751,523
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Financial Trends

Organization Details

Formation Year
2023
Legal Domicile
DE
Principal Officer
GREG REED
Phone
8884443404
Tax Period
2024-01-01 to 2024-12-31

SOUTH UNIVERSITY - MEMBER INC is a 501(c)(3) with EIN 815128459, based in SAVANNAH, GA. Founded in 2023, the organization files IRS Form 990 and reported its most recent data for fiscal year 2024. In that period, it reported $305,449,830 in total revenue and $277,229,298 in total expenses, with net assets of $42,751,523.

Mission

SOUTH UNIVERSITY IS AN ACADEMIC INSTITUTION DEDICATED TO PROVIDING EDUCATIONAL OPPORTUNITIES FOR THE INTELLECTUAL, SOCIAL, AND PROFESSIONAL DEVELOPMENT OF A DIVERSE STUDENT POPULATION. TO ACHIEVE THIS PURPOSE, THE INSTITUTION OFFERS FOCUSED AND BALANCED CURRICULA AT THE ASSOCIATE'S, BACCALAUREATE, MASTER'S AND DOCTORAL LEVELS. A BROAD-BASED CORE CURRICULUM IS OFFERED, PROMOTING CRITICAL THINKING, EFFECTIVE VERBAL AND WRITTEN COMMUNICATION, AND SKILLS FOR LIFE-LONG LEARNING. ADDITIONALLY, THE UNIVERSITY FOCUSES ON DEVELOPING THE REQUISITES TO PURSUE AND APPRECIATE KNOWLEDGE AS WELL AS A PURSUIT OF LIFELONG LEARNING. SOUTH UNIVERSITY'S APPROACH TO HIGHER EDUCATION AND THE RESULTING FLEXIBLE ACADEMIC EXPERIENCES PROVIDE STUDENTS WITH THE INTELLECTUAL INSIGHT AND SENSIBLE APPROACH NECESSARY TO CREATE THE FOUNDATION FOR PERSONAL AND PROFESSIONAL FULFILLMENT. SOUTH UNIVERSITY HAS A GOAL TO PROVIDE A COMPREHENSIVE EDUCATION THAT INSTILLS WITHIN ITS STUDENTS A PHILOSOPHY THAT VALUES NOT ONLY LEARNING AND PROFESSIONALISM, BUT ALSO CONTRIBUTION AND COMMITMENT TO THE ADVANCEMENT OF COMMUNITY. BELIEVING THAT QUALIFIED INDIVIDUALS SHOULD HAVE THE PRIVILEGE OF FORMAL ACADEMIC TRAINING, SOUTH UNIVERSITY WELCOMES THOSE WHO SEEK EDUCATIONAL CHALLENGES. TO THIS END, THE UNIVERSITY PROVIDES A LEARNING ENVIRONMENT, BOTH ON CAMPUS AND ONLINE, THAT HELPS STUDENTS IDENTIFY GOALS AND THE MEANS TO ACHIEVE THEM. WITH THIS PHILOSOPHY IN MIND, STUDENTS LEARN BY INTERACTING WITH A COMMUNITY OF FACULTY, STAFF, AND ADMINISTRATION DEDICATED TO SOUTH UNIVERSITY'S ACADEMIC PURPOSE.

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Trantor Score

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

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $305,449,830
Investment Income $0
Other Revenue $0
TOTAL REVENUE $305,449,830

Expense Breakdown

Grants Paid $33,059,277
Salaries & Benefits $105,499,626
Fundraising Expenses $0
Program Expenses $251,881,122
Other Expenses $138,670,395
TOTAL EXPENSES $277,229,298

Year-over-Year Comparison

2024 2023 Change
Revenue $305,449,830 $266,735,187 +0.1%
Expenses $277,229,298 $253,880,393 +0.1%
Net Income $28,220,532 $12,854,794 +1.2%
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
6
Independent Members
6
Employees
2362
Volunteers
N/A

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
1
$645,460
Total Directors
6
$645,460
Key Employees
7
$1,795,351
Highest Compensated
6
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BRAD TALBERT BOARD MEMBER 1.00
Director
$0 $0 $0
BROCK HAAS BOARD MEMBER 1.00
Director
$0 $0 $0
STEVEN YOHO CHANCELLOR & CEO 50.00
Officer Director
$645,460 $0 $645,460
ADRIANN SAX BOARD MEMBER 1.00
Director
$0 $0 $0
STEVEN GORDON BOARD MEMBER 1.00
Director
$0 $0 $0
MARIA RUSS BOARD MEMBER 1.00
Director
$0 $0 $0
ALISA KROUSE VC STUDENT AFFAIRS 50.00
Key Emp
$276,402 $0 $276,402
TERESA HAINES VC FOR HR & CHRO 50.00
Key Emp
$264,507 $0 $264,507
DEANA ECHOLS HOPPER VC FINANCIAL AID 50.00
Key Emp
$223,069 $0 $223,069
RICARDO MENDOZA VC ADMISSIONS 50.00
Key Emp
$256,128 $0 $256,128
GILBERT SINGLETARY VC ACADEMIC AFFAIRS 50.00
Key Emp
$330,088 $0 $330,088
MICHELLE KRAWCZYK DEAN NURSING/PUBLIC HEALTH 50.00
Key Emp
$229,018 $0 $229,018
ILARIA GADALLA DEAN HEALTH PROFESSIONS 50.00
Key Emp
$216,139 $0 $216,139
MATTHEW GAVLIK AVC STUDENT SUCCESS 50.00
Highest
$190,523 $0 $190,523
KENNETH BAKER VP OF MARKETING 50.00
Highest
$158,944 $0 $158,944
GREGORY REED CONTROLLER 50.00
Highest
$210,639 $0 $210,639
JESSICA MASONER DEAN ARTS AND SCIENCES 50.00
Highest
$162,001 $0 $162,001
CHRISTIAN WRIGHT AVC ACADEMIC AFFAIRS 50.00
Highest
$161,793 $0 $161,793
ERIK SPOELSTRA DEAN BUSINESS/INFO TECH 50.00
Highest
$140,906 $0 $140,906
ABIR KAHALEH DEAN PHARMACY (FORMER) 50.00
$220,422 $0 $220,422
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 $305,449,830 $277,229,298 $156,264,687 $28,220,532
2023 $266,735,187 $253,880,393 $150,083,423 $12,854,794
2022 $238,455,229 $227,157,510 $156,774,409 $11,297,719
2021 $200,661,342 $195,406,402 $83,490,080 $5,254,940
2020 $193,567,087 $199,620,159 $77,423,940 $-6,053,072
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