Cause IQ organization profile

Furman University

Furman University is a university based in Greenville, SC that was founded in 1826. As of 2019 they had $234 million in revenue and $1.0 billion in assets.

To provide a distinctive undergraduate liberal arts education which emphasizes an engaged approach to liberal learning. Furman also offers graduate programs in education and chemistry and also provides a continuing education program for the larger Gre...

EIN:

57-0314395

City:

State:

Website:

Twitter:

Founded:

1826

Type:

501(c)(3)

NTEE:

B43: Universities

Revenue:

$234,337,015

Assets:

$1,092,540,721

Employees:

2,704

Fiscal year end:

June

Revenue trends:

Asset trends:

Program areas at Furman University

Instruction of approximately 2,900 students in undergraduate and graduate programs. The 4 year pathway for students instituted by the Furman advantage includes study away programs in more than 20 countries most of which are led by Furman faculty, career focused internships and community involvement. Scholarships are awarded to eligible students based on financial need and academic merit.

The University conducted auxiliary enterprises for the convenience of students, faculty, staff and the at-large community. These auxiliary enterprises include student housing, dining services, golf course, sports arena and conference center.

Student services includes intercollegiate athletics, intramural and club sports, enrollment management, student government and a large variety of student organizations, services and activities.

Form 990s for Furman University

Fiscal year ending	Date received by IRS	Form	PDF link
2018-06	Jul 5, 2019	990	View PDF
2017-06	Nov 15, 2018	990	View PDF
2016-06	Oct 4, 2017	990	View PDF
2015-06	Aug 10, 2016	990	View PDF
2014-06	Aug 5, 2015	990	View PDF
...and four more Form 990 PDFs

Financials for Furman University

Field	2019	2018	% Change
Federated campaigns	$0	$0
Membership dues	$0	$0
Fundraising event contributions	$38,690	$49,779	-22.3%
Related organizations	$199,793	$139,022	43.7%
Government grants (contributions)	$2,010,948	$2,417,216	-16.8%
Normal grants, contributions, etc.	$23,945,114	$21,873,219	9.5%
<em>Non-cash contributions included in above</em>	$1,468,067	$1,640,966	-10.5%
Total grants, contributions, etc.	$26,194,545	$24,479,236	7.0%

Field	2019	2018	% Change
Total grants, contributions, etc.	$26,194,545	$24,479,236	7.0%
Program services	$177,663,493	$171,747,406	3.4%
Investment income and dividends	$11,489,748	$13,094,345	-12.3%
Tax-exempt bond proceeds	$0	$0
Royalty revenue	$0	$45,793	-100%
Net rental income	$1,673,348	$2,383,667	-29.8%
Net gain from sale of non-inventory assets	$17,217,068	$23,044,196	-25.3%
Net income from fundraising events	$113,891	$119,258	-4.5%
Net income from gaming activities	$0	$0
Net income from sales of inventory	$-15,078	$129,891	-111.6%
Miscellaneous revenues	$0	$0
Total revenues	$234,337,015	$235,043,792	-0.3%

Field	2019	2018	% Change
Grants to govts. and orgs. in USA	$563,956	$614,846	-8.3%
Grants to individuals in USA	$71,707,461	$70,769,700	1.3%
Grants to govts., orgs., and individuals outside USA	$0	$0
Benefits paid to or for members	$0	$0
Compensation of current officers, etc.	$3,329,992	$2,612,000	27.5%
Compensation not included above, to disqualified persons	$0	$0
Non-officer salaries and wages	$64,523,684	$62,909,305	2.6%
Pension/retirement accruals and contributions	$6,620,513	$6,413,052	3.2%
Other employee benefits	$13,517,673	$13,388,798	1.0%
Payroll taxes	$4,728,594	$4,554,118	3.8%
Management fees	$0	$0
Legal fees	$469,157	$130,449	259.6%
Accounting fees	$85,303	$125,235	-31.9%
Lobbying fees	$0	$0
Pro. fundraising fees	$0	$0
Investment mgmt fees	$3,326,195	$3,079,637	8.0%
Other fee-for-service	$9,823,776	$5,359,297	83.3%
Advertising and promotion	$0	$390,886	-100%
Office expenses	$4,455,069	$5,432,694	-18.0%
Information tech. expenses	$4,681,616	$5,248,738	-10.8%
Royalty expenses	$0	$0
Occupancy	$3,373,229	$3,012,615	12.0%
Travel	$10,965,660	$9,065,974	21.0%
Public official travel and entertainment	$0	$0
Conferences, meetings, etc.	$2,488,304	$1,736,121	43.3%
Interest	$3,476,997	$3,608,160	-3.6%
Payments to affiliates	$0	$0
Depreciation, amortization, etc.	$14,125,100	$13,906,656	1.6%
Insurance	$830,928	$781,591	6.3%
All other expenses	$14,420,763	$17,379,629	-17.0%
Total expenses	$237,513,970	$230,519,501	3.0%

Field	2019	2018	% Change
Cash (non-interest-bearing)	$13,624,048	$11,933,769	14.2%
Savings, short-term investments, etc.	$16,901,809	$23,209,266	-27.2%
Pledges and grants receivable	$23,937,889	$33,298,114	-28.1%
Accounts receivable	$5,725,860	$3,811,882	50.2%
Loans receivable from officers, directors, etc.	$0	$0
Loans receivable from other disqualified persons	$0	$0
Notes and loans receivable	$0	$0
Inventories for use	$272,044	$286,202	-4.9%
Prepaid expenses and deferred charges	$2,868,543	$2,805,960	2.2%
Buildings, equipment, etc. post-depreciation	$269,781,428	$273,290,153	-1.3%
Investments, publicly traded securities	$92,821,230	$115,069,333	-19.3%
Investments, other securities	$499,380,880	$478,428,292	4.4%
Investments, program-related	$3,000,169	$3,790,421	-20.8%
Intangible assets	$0	$0
Other assets	$164,226,821	$171,351,368	-4.2%
Total assets	$1,092,540,721	$1,117,274,760	-2.2%

Field	2019	2018	% Change
Accounts payable and accrued expenses	$8,046,637	$7,309,502	10.1%
Grants payable	$0	$0
Deferred revenue	$7,970,239	$8,566,692	-7.0%
Tax-exempt bond liabilities	$102,823,005	$111,905,000	-8.1%
Escrow or custodial account liability	$41,488	$26,351	57.4%
Loans payable to officers and disqualified persons	$0	$0
Secured mortgages and notes payable to unrelated third parties			-7.2%
Unsecured notes and loans payable to unrelated third parties	$0	$0
Other liabilities	$7,807,498	$10,774,470	-27.5%
Total liabilities	$126,688,867	$138,582,015	-8.6%

Field	2019	2018	% Change
Unrestricted net assets	$356,011,213	$353,407,962	0.7%
Temporarily restricted net assets	$389,745,098	$409,041,941	-4.7%
Permanently restricted net assets	$220,095,543	$216,242,842	1.8%

Vendors for Furman University

Vendor	Services	Date
Drupal	Content management system software	2020-03-02
██████	Fundraising software	2020-03-02
███████ ███ ████	Fundraising software; Payment processing	2020-03-02
█████████	Content management system software	2020-03-02
██████████	Fundraising software	2020-03-02
████████████ ████ █████████ ███████	Insurance	2019-12-31
██████ ███████ ████	Insurance	2019-12-31
████ ████ █████████ ███████ ██ ███████	Insurance	2019-12-31
...and 23 more vendors

Personnel at Furman University

Name	Title	Compensation	Most recent data
David Steinour	Chief Information Officer / Vice President for It	$283,921	Aug. 29, 2019
Liz Seman	Chief of Staff , Liaison To the Board	-	Aug. 29, 2019
███ █████ █████	Chief of Staff	-	Aug. 29, 2019
████ ███ █████	Vice President of Finance and Administration	$261,325	June 30, 2018
█████ ██ ██████	Vice President for Finance and Administration	-	Aug. 29, 2019
██████ █ ██████	Vice President Communication	$232,034	June 30, 2018
█████ ██████	Vice President for Development	-	Aug. 29, 2019
██ ███████ █████████	Vice President for Enrollment Management	-	Aug. 29, 2019
██████ ██████	Vice President Student L	$185,073	Aug. 29, 2019
███ ██████	Vice President for University Communications	-	Aug. 29, 2019
...and 15 more key personnel

Peer universities

	Name	Type	Revenue	Location
1	Charleston Southern University	501(c)(3)	$95 million	Charleston, SC
2	Claflin University	501(c)(3)	$59 million	Orangeburg, SC
3	Maryville University	501(c)(3)	$151 million	St Louis, MO
4	Texas Christian University (TCU)	501(c)(3)	$904 million	Fort Worth, TX
5	Saint Mary's University of Minnesota (SMU)	501(c)(3)	$95 million	Winona, MN
6	Loyola University Chicago (LUC)	501(c)(3)	$856 million	Chicago, IL
7	Fordham University	501(c)(3)	$873 million	Bronx, NY
8	University of St Francis (USF)	501(c)(3)	$74 million	Joliet, IL
9	Antioch University Midwest (AUM)	501(c)(3)	$67 million	Yellow Springs, OH
10	Simmons University	501(c)(3)	$246 million	Boston, MA
11	Shenandoah University	501(c)(3)	$126 million	Winchester, VA
12	Liberty University	501(c)(3)	$1.1 billion	Lynchburg, VA
13	Valparaiso University	501(c)(3)	$199 million	Valparaiso, IN
14	Loyola Marymount University (LMU)	501(c)(3)	$531 million	Los Angeles, CA
15	Wake Forest University (WFU)	501(c)(3)	$583 million	Winstonsalem, NC
16	Pepperdine University	501(c)(3)	$520 million	Malibu, CA
17	University of the Arts	501(c)(3)	$111 million	Philadelphia, PA
18	Embry-Riddle Aeronautical University	501(c)(3)	$512 million	Daytona Beach, FL
19	Southern New Hampshire University (SNHU)	501(c)(3)	$914 million	Manchester, NH
20	Ohio Northern University (ONU)	501(c)(3)	$136 million	Ada, OH
21	Chapman University	501(c)(3)	$519 million	Orange, CA
22	Clarkson University	501(c)(3)	$229 million	Potsdam, NY
23	Concordia University Chicago (CUC)	501(c)(3)	$91 million	River Forest, IL
24	Texas Wesleyan University	501(c)(3)	$83 million	Fort Worth, TX
25	Life University	501(c)(3)	$68 million	Marietta, GA

Also explore

Want more details?

Just create a free account! You're in good company, too. Cause IQ users include leading nonprofit, professional services, and technology professionals.

Create free account to learn more about Furman University.

What is Cause IQ?

Cause IQ is a website that helps companies grow, maintain, and serve their nonprofit clients.

For example, our data and tools help companies prospect for universities, qualify inbound opportunities like Furman University, benchmark clients to other universities, and enrich existing CRM information.

Curious how Cause IQ can help you prospect for foundations or clients, research nonprofits, benchmark clients, or enrich your existing information?

Create free account

Cause IQ organization profile

Furman University

Program areas at Furman University

Form 990s for Furman University

Financials for Furman University

Vendors for Furman University

Personnel at Furman University

Peer universities

Also explore

Want more details?

What is Cause IQ?

Nonprofits

Product

Customers

About

Email newsletter