Charleston Southern University
Nonprofit profile at a glance
- EIN
- 570474291
- IRS 990 coverage
- 2010–2024
- Official website data refreshed
- Sep 2026
- Forms available
- Form 990 2024
- Location
- Charleston, SC, US
- Phone
- 843-863-7513
- Rating
- 81
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- University or Technological Institute
- Affiliation
- Christianity
Reported finances
- Revenue
- $125,239,964
- Expenses
- $124,064,520
- Assets
- $237,633,217
- Liabilities
- $86,514,049
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
45 people listed
Executive titles in this filing
- B KEITH FAULKNER (PRESIDENT)
- JAIRY HUNTER (PRESIDENT EMERITUS)
- MARC EMBLER (ASSOCIATE VICE PRESIDENT FOR ACADEMIC AFFAIRS; DEA)
Highest reported compensation
- B KEITH FAULKNER (PRESIDENT): $443,913 total reported compensation
- JAIRY HUNTER (PRESIDENT EMERITUS): $314,240 total reported compensation
- MICHAEL WILDER (VP ACADEMIC AFFAIRS): $206,885 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Charleston Southern University is a private Christian university dedicated to academic excellence and the integration of faith and learning, preparing students for lives of service and leadership.
What it reported doing in 2024
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.
Operating model
- Revenue model
- Earned-program. 94% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Hybrid. The nonprofit split its reported program spending across 60% for direct work, and 40% for grants.
- Includes noncash contributions: Reported contributions include donated property or goods.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. The filing reports few safeguards for money sent abroad and fundraising costs are high for each dollar raised.
Rating breakdown
- Financial Efficiency: 82
- Transparency & Controls: 71
- Accountability: 100
- Sustainability: 47
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 89.5%; rating input score 90
- Program expense ratio: 91.6%; rating input score 92
- Fundraising efficiency: $3.44 raised per $1 spent on fundraising; rating input score 13; 13th percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 68th percentile among comparable filings
- Pay-setting controls: 2 of 6 controls in place; rating input score 33
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Pass
- Written employment contract: Missing
- Compensation survey or study: Missing
- Board or committee approval: Pass
- Foreign activity oversight: Scored; rating input score 0
- Grant itemization coverage: 100%; rating input score 100; 77th percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Yes; rating input score 100
Accountability
- Independent voting board: 100%; rating input score 100; 77th percentile among comparable filings
- Governance controls: 9 of 9 controls in place; rating input score 100
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Pass
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 0.9%; rating input score 37; 37th percentile among comparable filings
- Total-asset coverage ratio: 1.92; rating input score 62; 62nd percentile among comparable filings
- Liabilities to assets ratio: 0.36; rating input score 49; 49th percentile among comparable filings
- Officer compensation ratio: 2.3%; rating input score 49; 49th percentile among comparable filings
Growth
- Program expense growth: 5% per year; rating input score 100; 40th percentile among comparable filings
- Revenue growth: 4% per year; rating input score 100; 32nd percentile among comparable filings
- Asset growth: 5.9% per year; rating input score 100; 44th percentile among comparable filings
Details
- What they do: 5 programs and campaigns described on the official site · 1 operating location identified
- Where the money goes: 89.5% of revenue deployed · 91.6% of spending went to programs
- Governance: 25 of 25 board members independent · 9 of 9 filing controls reported
- Programs: 4 filed program accomplishments · $113.7M in reported program spending
- Leadership: top reported pay $444K · 45 people listed · 2 of 6 pay-setting controls reported
- Highest-paid contractors: 5 contractors listed · $18.1M reported
- Consistency: 41 of 41 current checks pass
- Schedules: 13 filed schedules · includes major donors, foreign activity, grants, executive pay, and related organizations
- Filing history: 15 filing years from 2010 to 2024
- Contacts: How to reach this organization
- Money network: 16 filed money-flow records
- Related organizations: 5 filed related-organization links
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Transparency & Controls: Foreign activity oversight scored 0/100.
- High — Financial Efficiency: Fundraising efficiency scored 13/100.
- Moderate — Sustainability: Operating margin scored 37/100.
- Moderate — Sustainability: Liabilities to assets ratio scored 49/100.
- Moderate — Sustainability: Officer compensation ratio scored 49/100.