Overview
What is Wofford College?
Wofford College, located in Spartanburg, South Carolina, is a liberal arts institution with a commitment to quality education, serving approximately 1,770 students during the 2021-22 academic year. Graduating around 350 students with Bachelor of Arts or Bachelor of Science degrees, Wofford strives for affordability and accessibility to students from diverse backgrounds, distributing over $49 million in financial aid. As a college of superior quality, Wofford encourages intellectual, spiritual, and aesthetic growth, fostering curiosity, independence, maturity, self-discipline, religious faith, and moral character among its students and faculty. The Wofford community aims to develop well-rounded individuals who understand their individual worth and embrace high learning standards and morality, preparing them for responsible citizenship and leadership. The college's mission aligns with the values of the United Methodist Church.
Official website here: www.wofford.edu
What are the reviews and ratings of this charity?
Charity Navigator Rating 96% - Four-Star out of Four Star Rating
Wofford College has achieved a high rating of 96% from Charity Navigator, reflecting a strong commitment to accountability and financial management. This rating is based solely on their performance in the Accountability & Finance category, where the college excelled in various metrics, including having a fully independent board and no material diversion of assets.
The organization demonstrates exemplary governance practices, with 100% of its board members being independent and a robust audit and oversight committee in place. Their financial health is also noteworthy, with a program expense ratio of 89.84%, indicating that the vast majority of their expenses go directly towards their educational programs and services.
While the rating highlights significant strengths in governance and financial stability, it is essential for potential donors and stakeholders to consider other aspects such as program impact and community engagement, which are not captured solely by financial metrics. Overall, Wofford College stands out as a well-managed institution with a clear focus on accountability.
This AI summary has been generated from information found on Charity Navigator.
Is Wofford College legitimate?
Wofford College is a legitimate nonprofit organization registered as a 501(c)(3) entity. Wofford College submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $1,207,927
Professional Fundraising Fees: $0
Other Salaries and Wages: $32,859,946
For more financial information, click here
Official website here: www.wofford.edu
What is the mission statement of Wofford College?
Wofford College strives to function as a premier liberal arts institution, fostering an intellectual, spiritual, and aesthetic environment. The college challenges students and faculty alike to embark on a collective quest for truth and freedom. Each individual is encouraged to discover their self-worth while adhering to high standards of learning and morality. The development of intellectual curiosity, independence of thought, maturity of judgment, self-discipline, religious faith, and moral character are essential, preparing students for good citizenship and effective leadership. Aligned with the ideals of the United Methodist Church, Wofford College's mission encompasses the goal of rendering generous service to the communities it serves.
Official website here: www.wofford.edu
What is the revenue of Wofford College?
Wofford College's revenue in 2023 was $138,451,143.
Official website here: www.wofford.edu
Who are the executives of Wofford College and what are their salaries?
The average compensation at Wofford College during 2023 was $28,343. There are 1202 employees and 30 volunteers at Wofford College.
Here are 39 key members and their salaries:
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Official website here: www.wofford.edu
Where can I find the form 990 for Wofford College?
Wofford College's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.wofford.edu
Learn more at the official website: www.wofford.edu
Mission Statement of Wofford College
Wofford College, a liberal arts institution of superior quality, is dedicated to fostering an intellectual, spiritual, and aesthetic environment. In this setting, students and faculty alike are encouraged to embark on a collective pursuit of truth and freedom. Each individual is encouraged to develop intellectual curiosity, independence of thought, maturity of judgment, self-discipline, religious faith, and moral character.
This liberal education ideal at Wofford College aligns with the values of the United Methodist Church. The college's mission is to challenge its community members to reach their full potential, both academically and morally, and to prepare them for effective leadership and generous service in their communities. Wofford College provides a nurturing atmosphere where students can explore diverse ideas, expand their horizons, and discover their unique worth.
Moreover, the college fosters a strong sense of duty and responsibility among its members. It strives to instill in them a commitment to good citizenship and a desire to make meaningful contributions to society. Wofford College's ultimate goal is to cultivate well-rounded individuals who possess a deep appreciation for learning and a strong moral compass. These individuals will go on to make a positive impact in their communities and beyond.
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Impact
October, 2024
Wofford College significantly impacts its community and beyond through its commitment to providing a high-quality liberal arts education. Serving approximately 1,770 students, the college graduates around 350 individuals annually with Bachelor of Arts or Science degrees, equipping them with critical thinking, intellectual curiosity, and moral character essential for effective leadership and good citizenship.
With a strong emphasis on affordability and accessibility, Wofford College distributed over $49 million in financial aid to assist students from diverse backgrounds in pursuing their academic goals. This dedication to accessibility not only enhances educational opportunities but also fosters a rich and inclusive community where students can thrive academically and personally.
Wofford College is grounded in a mission that seeks to cultivate an intellectual, spiritual, and aesthetic atmosphere. It encourages both students and faculty to embark on a common search for truth and freedom, promoting an environment where individual worth is recognized and high standards of learning are aspired to. This alignment with the ideals of the United Methodist Church further enriches the community, nurturing a sense of responsibility and service that extends beyond the campus and into the broader society.
In essence, Wofford College plays a vital role in shaping thoughtful leaders and informed citizens, making a lasting impact within Spartanburg, South Carolina, and beyond.
This information is meant to be a general summary of Wofford College. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $5,549,952
- Program Service Revenue: $119,618,510
- Gross Receipts: $152,162,816
Assets and Liabilities:
- Total Assets: $647,728,470
- Total Liabilities: $97,937,370
- Net Assets: $549,791,100
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TUITION
Revenue
$90,829,892
AUXILIARY - ROOM AND BOARD
Revenue
$23,399,869
ATHLETIC PROGRAM REVENUE
Revenue
$2,574,564
CAMP REVENUE
Revenue
$384,779
BOOKSTORE
Revenue
$125,721
Organization Details
Founding Year
1854
Principal Officer
Nayef H Samhat
Website
www.wofford.eduNTEE Category
Code: B42 - Education
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