Wofford College
Nonprofit profile at a glance
- EIN
- 570314422
- IRS 990 coverage
- 2009–2024
- Official website data refreshed
- Sep 2026
- Forms available
- Form 990 2024, Form 990-T 2024
- Location
- Spartanburg, SC, USA
- Phone
- 8645974226
- Rating
- 86
- Verdict
- STRONG
- Rating confidence
- Moderate
Reported finances
- Revenue
- $166,390,074
- Expenses
- $162,654,568
- Assets
- $804,222,395
- Liabilities
- $123,808,574
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
39 people listed
Executive titles in this filing
- NAYEF SAMHAT (PRESIDENT)
Highest reported compensation
- NAYEF SAMHAT (PRESIDENT): $809,510 total reported compensation
- STEVEN WATSON (HEAD FOOTBALL COACH): $334,512 total reported compensation
- CALHOUN KENNEDY (VP FOR PHILANTHROPY AND ENGAGEMENT): $258,270 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Wofford9s mission is to provide superior liberal arts education that prepares its students for extraordinary and positive contributions to a global society. The focus of Wofford9s mission is upon fostering commitment to excellence in character, performance, leadership, service to others and lifelong learning. Wofford strives for sustainability in all aspects of college life through respect for the environment and through our core values.
What it reported doing in 2024
The college provided a liberal arts education to approximately 1,825 students for the 2024-2025 academic year, graduating approximately 375 students with ba or bs degrees. The college is committed to affordability and access to students of all backgrounds. The college distributed in excess of $64 million in financial aid to assist students in meeting the financial obligations of attending the institution.
Operating model
- Revenue model
- Other-operating. 82% of the money available for current operations came from other operating revenue.
- Distribution model
- Hybrid. The nonprofit split its reported program spending across 56% for direct work, and 44% 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: 86
- Transparency & Controls: 77
- Accountability: 100
- Sustainability: 62
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 95.6%; rating input score 96
- Program expense ratio: 89.9%; rating input score 90
- Fundraising efficiency: $5.89 raised per $1 spent on fundraising; rating input score 26; 26th percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 68th percentile among comparable filings
- Pay-setting controls: 5 of 6 controls in place; rating input score 83
- Compensation committee: Pass
- Independent consultant: Missing
- Other Form 990s reviewed: Pass
- Written employment contract: Pass
- Compensation survey or study: Pass
- 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: Limited
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: 2.2%; rating input score 44; 44th percentile among comparable filings
- Total-asset coverage ratio: 4.94; rating input score 85; 85th percentile among comparable filings
- Liabilities to assets ratio: 0.15; rating input score 75; 75th percentile among comparable filings
- Officer compensation ratio: 1.5%; rating input score 65; 65th percentile among comparable filings
Growth
- Program expense growth: 5.8% per year; rating input score 100; 47th percentile among comparable filings
- Revenue growth: 5.7% per year; rating input score 100; 49th percentile among comparable filings
- Asset growth: 7.8% per year; rating input score 100; 57th percentile among comparable filings
Details
- What they do: 7 programs and campaigns described on the official site
- Where the money goes: 95.6% of revenue deployed · 89.9% of spending went to programs
- Governance: 30 of 30 board members independent · 9 of 9 filing controls reported
- Programs: 2 filed program accomplishments · $146.2M in reported program spending
- Leadership: top reported pay $810K · 39 people listed · 5 of 6 pay-setting controls reported
- Highest-paid contractors: 5 contractors listed · $4.4M reported
- Consistency: 40 of 40 current checks pass
- Schedules: 12 filed schedules · includes major donors, foreign activity, grants, and executive pay
- Filing history: 16 filing years from 2009 to 2024
- Contacts: How to reach this organization
- Money network: 8 filed money-flow records
- Related organizations: Filed and resolved organization relationships.
- 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 26/100.
- Moderate — Sustainability: Operating margin scored 44/100.