2026-06-08T18:10:11+00:00 2025-06-30 440160260 Forvis Mazars LLP 1400 Meadowbrook Road Suite 300 Jackson MS 392116349 990 2024-07-01 640329300 William Carey University WILL 6013186193 710 William Carey Parkway Hattiesburg MS 39401 GRANT GUTHRIE VP BUSINESS & CFO 6013186193 2026-06-08 true true DONNA BRUCE P00283153 6019486700 2026-06-08 2024 2025-03-06 01:10:19Z DR BEN BURNETT 710 William Carey Parkway Hattiesburg MS 39401 125261885 false X wmcarey.edu X 1892 MS William Carey University provides a quality education challenging students to excel in scholarship, leadership, and service in a caring community rooted in Christian values and its Baptist namesake. 23 23 1378 28 156750 128164 21483200 19197489 88040671 101243934 4366921 2804171 992642 1889770 114883434 125135364 16608801 19828509 0 0 45219479 46980412 0 0 955909 37098390 41450846 98926670 108259767 15956764 16875597 271691266 294419547 50496310 53046796 221194956 241372751 William Carey University provides a quality education challenging students to excel in scholarship, leadership, and service in a caring community rooted in Christian values and its Baptist namesake. false false 65271631 0 97308481 ACADEMIC PROGRAMS THE UNIVERSITY MAINTAINS UNDERGRADUATE AND GRADUATE PROGRAMS AT THREE SITES. ENROLLMENT HAS GROWN TO INCLUDE AN AVERAGE OF OVER 5,500 STUDENTS PER SESSION. THE UNIVERSITY DESIGNS AND OPERATES ITS PROGRAMS TO ENCOURAGE EACH STUDENT TO DEVELOP HIS/HER HIGHEST POTENTIAL IN LIBERAL ARTS AND/OR PROFESSIONAL EDUCATION. 19828509 19828509 0 STUDENT AID DIRECT AID TO STUDENTS PRIMARILY FROM INSTITUTIONAL FUNDS 9786293 0 5702480 AUXILIARY ENTERPRISES INCLUDE DINING, HOUSING, AND ATHLETICS. AUXILIARY PROGRAMS PROVIDE HOUSING AND DINING SERVICES FOR THE STUDENTS WHO NEED OR WANT TO LIVE ON CAMPUS. THE ATHLETIC PROGRAMS ENCOURAGE LOYALTY TO THE UNIVERSITY AND A SENSE OF UNITY AMONG STUDENTS AND FACULTY. IN PROVIDING THESE PROGRAMS, THE UNIVERSITY ENCOURAGES THE EXERCISE OF STUDENT TALENT, WHICH ENHANCES THE LEARNING EXPERIENCES OF THE STUDENTS INVOLVED. 94886433 true true false true false false true true false true true false false false true false true false true false false false false false true false false true true true true false false false false false false false false false false true false false false false false false false false false true 519 0 true 1378 true true true false false false true true true true false false false false false false X 23 23 false false false false false false false true true false false false false true true true true true true false false false MS X X X GRANT GUTHRIE 6013186193 710 WILLIAM CAREY PARKWAY HATTIESBURG MS 39401 ROBERT DONNELL VICE-CHAIRMAN BOT 1.0 0.0 X X 0 0 0 WILLIAM RAY CHAIRMAN BOT 1.0 0.0 X X 0 0 0 ALAN SUDDUTH TRUSTEE 1.0 0.0 X 0 0 0 ALLISON MOFFETT TRUSTEE 1.0 0.0 X 0 0 0 ANTHONY WILSON TRUSTEE 1.0 0.0 X 0 0 0 BARBARA HAMILTON TRUSTEE 1.0 0.0 X 0 0 0 BRENT PARKER TRUSTEE 1.0 0.0 X 0 0 0 BRETT JONES TRUSTEE 1.0 0.0 X 0 0 0 BRETT VALENTINE TRUSTEE 1.0 0.0 X 0 0 0 BRIAN DIX TRUSTEE 1.0 0.0 X 0 0 0 CHARLES PICKERING SR TRUSTEE 1.0 0.0 X 0 0 0 DANIEL EDNEY TRUSTEE 1.0 0.0 X 0 0 0 GARY GORDEN TRUSTEE 1.0 0.0 X 0 0 0 GARY SHOWS TRUSTEE 1.0 0.0 X 0 0 0 JACK SIMMONS TRUSTEE 1.0 0.0 X 0 0 0 JEFF FLOYD TRUSTEE 1.0 0.0 X 0 0 0 JIMMY STEWART TRUSTEE 1.0 0.0 X 0 0 0 JOEY GARNER TRUSTEE 1.0 0.0 X 0 0 0 JOHN DAMON TRUSTEE 1.0 0.0 X 0 0 0 LEANDER BRIDGES TRUSTEE 1.0 0.0 X 0 0 0 MACK GRUBBS TRUSTEE 1.0 0.0 X 0 0 0 PHIL HANBERRY TRUSTEE 1.0 0.0 X 0 0 0 TED BOWER TRUSTEE 1.0 0.0 X 0 0 0 BENJAMIN C BURNETT PROFESSOR OF EDUCATION; PRESIDENT AND CHIEF EXECUTIVE OFFICER 40.0 0.0 X 296906 0 36708 DANIEL P CALDWELL FORMER VICE PRESIDENT FOR ACADEMIC AFFAIRS , AND PROVOST 40.0 0.0 X 69668 0 23314 GRANT GUTHRIE VICE PRESIDENT FOR BUSINESS AFFAIRS AND CHEIF FINANCIAL OFFICER 40.0 0.0 X 140599 0 23406 NOAL B COCHRAN PROFESSOR OF EDUCATION; VICE PRESIDENT FOR ACADEMIC AFFAIRS, AND PROVOST 40.0 0.0 X 72125 0 7242 CASSANDRA L CONNER PROF. OF EDUCATION; VP FOR THE TRADITION CAMPUS; ASSOC. PROVOST FOR DISTANCE LEARNING 40.0 0.0 X 118013 0 15564 ITALO R SUBBARAO PROFESSOR OF CLINICAL SCIENCES AND DEAN OF COLLEGE OF OSTEOPATHIC MEDICINE 40.0 0.0 X 533660 0 23669 JANET K WILLIAMS PROFESSOR OF NURSING; VICE PRESIDENT, COLLEGE OF HEALTH SCIENCES 40.0 0.0 X 177429 0 23552 CARISSA S ROSTEN ASSISTANT PROFESSOR OF CLINICAL SCIENCES; DIRECTOR, OMM SCHOLARS PROGRAM 40.0 0.0 X 218196 0 13081 EDWARD R FRIEDLANDER PROFESSOR OF PRECLINICAL SCIENCES 40.0 0.0 X 217047 0 17571 ENG T HUU ASSOCIATE PROFESSOR OF CLINICAL SCIENCES 40.0 0.0 X 207360 0 17350 ETHAN B WORTHINGTON ASSOCIATE PROFESSOR OF CLINICAL SCIENCES AND CHAIR OF OMM 40.0 0.0 X 255506 0 15963 TIFFANY L WORTHINGTON ASSOCIATE PROFESSOR OF CLINICAL SCIENCES AND ASSOCIATE DEAN OF CLINICAL SCIENCES 40.0 0.0 X 266035 0 16569 2572544 0 233989 66 false true false HANCO CORPORATION P O BOX 17678 HATTIESBURG MS 394047678 Construction Services 8857669 SULLIVAN ENTERPRISES INC P O BOX 859 100 INDUSTRIAL PARK SE Magee MS 391110859 Construction Services 3878347 Zest Dining Service 600 CRESCENT BLVD STE A Ridgeland MS 39157 Food Services 3062658 Elliott Homes LLC 1402 Pass Road Gulfport MS 39501 Construction Services 1504800 MITCHCO CONSTRUCTION INC PO BOX 18527 HATTIESBURG MS 39404 CONSTRUCTION SERVICES 1289619 45 102205 11836142 7259142 19197489 EDUCATION & GENERAL REVENUE 611310 95384704 95384704 AUXILLARY INCOME 611310 5702480 5702480 ADVERTISING 541800 156750 156750 0 0 0 0 101243934 2509499 2509499 5032 5032 3500 0 3500 0 3500 3500 286172 8500 286172 8500 294672 294672 87482 102205 126521 -39039 -39039 INSURANCE CLAIM PROCEEDS 900099 1157406 1157406 CAMP REVENUE 713990 190864 190864 MISSIONS RELATED INCOME 900099 130573 130573 441434 441434 0 0 1920277 125135364 103010961 156750 2770164 19828509 19828509 0 0 1552774 846162 706612 36587441 31297866 4885780 403795 1690222 1445861 225707 18654 4501251 3850489 601084 49678 2648724 2265789 353703 29232 120818 120818 120000 120000 10395113 8892255 1388133 114725 1185520 1014125 158311 13084 1754827 1501125 234334 19368 747478 639412 99816 8250 2895995 2477311 386723 31961 2567686 2196467 342881 28338 1180075 1009467 157584 13024 6224823 5324878 831245 68700 1799409 1539262 240288 19859 LEARNING RESOURCES 3843434 3287775 513241 42418 REPAIRS AND MAINTENANCE 3637022 3111205 485677 40140 SPECIAL EVENTS 1454918 1244575 194286 16057 UNRELATED BUSINESS INCOME TAX 23837 23837 3499891 2993900 467365 38626 108259767 94886433 12417425 955909 5126153 4444887 19026444 18050395 0 0 9558284 6751724 0 0 0 0 26549 130908 0 0 77254 40636 306262711 93903198 191051992 212359513 42262357 47795935 0 0 0 0 4562233 4845549 271691266 294419547 5929095 8502638 0 0 3475756 5492462 0 0 0 0 0 0 41084728 39049622 0 0 6731 2074 50496310 53046796 X 179720052 184981808 41474904 56390943 221194956 241372751 271691266 294419547 16875597 3302198 0 X false true true true true X 11509298 16105326 7863617 21483200 19197489 76158930 0 0 11509298 16105326 7863617 21483200 19197489 76158930 6187932 69970998 879753 863911 1321070 2406805 2518031 7989570 100233 85223 97470 91171 143516 517613 330012 527391 1971138 1188451 1920277 5937269 90603382 431484282 0.77228 0.773 X Schedule A, Part II, Line 10 Other Income DESCRIPTION - OTHER INCOME, COLUMN A - 330012.0, COLUMN B - 527391.0, COLUMN C - 1971138.0, COLUMN D - 1188451.0, COLUMN E - 1920277.0, COLUMN F - 5937269.0; RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED true true false false false false true 120000 false false 120000 false Schedule C, Part II-B, Line 1 DETAILED DESCRIPTION OF THE LOBBYING ACTIVITY THE ORGANIZATION PAID CAPITOL RESOURCES TO LOBBY ON ITS BEHALF FOR GRANT FUNDING. THEY MADE DIRECT CONTACT WITH LEGISLATORS. X 1 5.0 1 false 30.0 1000 0 1610783 X X X false 42262358 2081190 4983256 1530868 47795936 30896692 8784312 4072326 1485992 4980 42262358 28399508 709043 2102493 311288 3064 30896692 27225422 6480708 -4726414 569630 10578 28399508 22412126 938196 4965979 1081257 9622 27225422 0.16 0.84 true false 14752848 14752848 209235335 47922931 161312404 159192 159192 0 45799849 37556040 8243809 36315487 8265035 28050452 212359513 Federal Income Taxes LEASES PAYABLE 2074 2074 108730843 3302198 126521 3428719 105302124 19833240 19833240 125135364 88553048 126521 126521 88426527 19833240 19833240 108259767 Schedule D, Part II, Line 9 Conservation easements financial reporting NATURE RESERVE REPORTED AS "LAND" ON THE BALANCE SHEET. Schedule D, Part III, Line 4 Collections of art - description of collections THE COLLECTION CONSISTS OF ART FROM THE LUCILLE PARKER COLLECTION AND THE SARAH GILLESPIE MUSEUM; RARE BOOKS, ARTIFACTS, ART, MANUSCRIPTS IN THE CENTER FOR THE STUDY OF THE LIFE AND WORK OF WILLIAM CAREY; AND RARE BOOKS, ARTIFACTS, FURNITURE, ART AND MANUSCRIPTS FROM THE DICKINSON COLLECTION. THE ABOVE COLLECTIONS FURTHER WILLIAM CAREY UNIVERISTY'S MISSION AS AN EXEMPT ORGANIZATION BY PROVIDING RESOURCE FOR SCHOLARLY RESEARCH, PRESERVING ART FOR APPRECIATION AND STUDY IN AN EDUCATIONAL CONTEXT, AND GATHERING MATERIALS TOGETHER IN ORDER TO MAKE THEM AVAILABLE. TO A BROADER COMMUNITY. Schedule D, Part XI, Line 2(d) Other revenues in audited financial statements not in form 990 FUNDRAISING EXPENSES REPORTED NET - 126521 Schedule D, Part XI, Line 4(b) Other revenues in form 990 not in audited financial statements INSTITUTIONAL STUDENT AID EXPENDITURE INCLUDED IN TUITION REVENUE - 19828509 REVENUE NOT INCLUDED IN AUDIT REPORT INCLUDED IN RETURN - 4731 Schedule D, Part XII, Line 2(d) Other expenses in audited financial statements not in form 990 FUNDRAISING EXPENSES REPORTED NET - 126521 Schedule D, Part XII, Line 4(b) Other expenses in form 990 not in audited financial statements INSTITUTIONAL STUDENT AID EXPENDITURE INCLUDED IN TUITION REVENUE - 19828509 REVENUE NOT INCLUDED IN AUDIT REPORT INCLUDED IN RETURN - 4731 true true true true true true true false false false false false false false false true false true Schedule E, Part I, Line 3 RACIALLY NONDISCRIMINATORY POLICY THE UNIVERSITY PUBLICIZES ITS NONDISCRIMINATORY POLICY TOWARD STUDENTS AT THE BEGINNING OF EACH SCHOOL YEAR. THIS ADVERTISEMENT IS PUBLISHED IN THE LARGEST NEWSPAPER AT ALL THREE CAMPUS LOCATIONS. THE POLICY IS ALSO DISPLAYED ON THE WEBSITE. Schedule E, Part I, Line 6(a) FINANCIAL AID OR ASSISTANCE FROM A GOVERNMENT FEDERAL SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANTS FEDERAL WORK-STUDY PROGRAM FEDERAL PERKINS LOAN PROGRAM FEDERAL PELL GRANT PROGRAM FEDERAL DIRECT STUDENT LOANS TEACHER EDUCATION ASSISTANCE FOR COLLEGE AND HIGHER EDUCATION GRANTS HIGHER EDUCATION EMERGENCY RELIEF FUND GOLF TOURNAMENT 53325 3500 49825 0 1475 33090 0 0 2331 DINNERS 116450 84500 31950 0 0 35577 170 36808 4972 3 19912 14205 5707 0 268 5727 5314 0 789 189687 102205 87482 0 1743 74394 5484 36808 8092 126521 -39039 true TUSCULUM UNIVERSITY 60 SHILOH RD TUSCULUM TN 37745 620484185 501(C)(3) 15000 0 HELENE RECOVERY THE PARTNERSHIP FOUNDATION PO BOX 967 JACKSON MS 392050967 205162135 501(C)(3) 8000 0 CHAMBER OF COMMERCE SUPPORT DOWNTOWN HATTIESBURG ASSOCIATION PO BOX 150 HATTIESBURG MS 39403 640880865 501(C)(6) 5000 0 FINANCIAL SUPPORT 2 1 SCHOLARSHIPS FOR STUDENTS 2500 19828509 0 Schedule I, Part I, Line 2 ALL SCHOLARSHIPS AND GRANTS ARE ADMINISTERED WITHIN THE GUIDELINES OF THE DEPARTMENT OF EDUCATION. WILLIAM CAREY UNIVERSITY'S FINANCIAL AID AND BUSINESS DEPARTMENTS MONITOR THE PROGRAMS TO ASSURE THAT THEY FOLLOW FEDERAL GUIDELINES. THE INDEPENDENT AUDITORS PERFORM AN AUDIT ON ALL FEDERAL PROGRAMS ANNUALLY. X X true true X X X X false false false false false false false false false BENJAMIN C BURNETT PROFESSOR OF EDUCATION; PRESIDENT AND CHIEF EXECUTIVE OFFICER 276396 0 0 0 20510 0 15034 0 21674 0 333614 0 0 0 GRANT GUTHRIE VICE PRESIDENT FOR BUSINESS AFFAIRS AND CHEIF FINANCIAL OFFICER 139331 0 0 0 1268 0 15000 0 8406 0 164005 0 0 0 ITALO R SUBBARAO PROFESSOR OF CLINICAL SCIENCES AND DEAN OF COLLEGE OF OSTEOPATHIC MEDICINE 497234 0 0 0 36426 0 15000 0 8669 0 557329 0 0 0 JANET K WILLIAMS PROFESSOR OF NURSING; VICE PRESIDENT, COLLEGE OF HEALTH SCIENCES 143087 0 0 0 34342 0 15000 0 8552 0 200981 0 0 0 TIFFANY L WORTHINGTON ASSOCIATE PROFESSOR OF CLINICAL SCIENCES AND ASSOCIATE DEAN OF CLINICAL SCIENCES 253417 0 0 0 12618 0 7938 0 8631 0 282604 0 0 0 ETHAN B WORTHINGTON ASSOCIATE PROFESSOR OF CLINICAL SCIENCES AND CHAIR OF OMM 243569 0 0 0 11937 0 7334 0 8629 0 271469 0 0 0 CARISSA S ROSTEN ASSISTANT PROFESSOR OF CLINICAL SCIENCES; DIRECTOR, OMM SCHOLARS PROGRAM 218182 0 0 0 14 0 5786 0 7295 0 231277 0 0 0 EDWARD R FRIEDLANDER PROFESSOR OF PRECLINICAL SCIENCES 203696 0 0 0 13351 0 9008 0 8563 0 234618 0 0 0 ENG T HUU ASSOCIATE PROFESSOR OF CLINICAL SCIENCES 191721 0 0 0 15639 0 8787 0 8563 0 224710 0 0 0 A MISSISSIPPI BUSINESS FINANCE CORP 640679132 2017-01-01 22000000 SEE PART VI false false false B MISSISSIPPI BUSINESS FINANCE CORP 640679132 2020-04-01 13500000 SEE PART VI false false false A 7005504 22000000 155986 11683532 10160482 2019 true false true true B 2129495 13500000 136242 13363758 2022 false false true true A false false false false false false 0 0 0.0 false false 0 false false B false false false false false false 0 0 0.0 false false 0 false false A false false false false false false 0 false false false 0 false false false B false false false false false false 0 false false false 0 false false false A false B false Schedule K, Part I, Column (f) 2017 BOND ON JANUARY 1, 2017, THE UNIVERSITY ENTERED INTO A LOAN THROUGH THE MISSISSIPPI BUSINESS FINANCE CORPORATION IN THE AMOUNT OF $22,000,000. THE PURPOSE OF THE TAX-EXEMPT LOAN WAS PARTIALLY TO REPAY THE UNVERSITY'S 2012 BOND, AND PARTIALLY TO PROVIDE FINANCING FOR FUTURE CAPITAL PROJECTS. Schedule K, Part I, Column (f) 2020 BOND ON APRIL 1, 2020, THE UNIVERSITY ENTERED INTO A LOAN THROUGH THE MISSISSIPPI BUSINESS FINANCE CORPORATION IN THE AMOUNT OF $13,500,000. THE PURPOSE OF THE TAX-EXEMPT LOAN WAS TO PROVIDE FINANCING FOR FUTURE CAPITAL PROJECTS. 1 997350 Market value 1 506540 Other - APPRAISAL X CHEMISTRY EQUIPMENT 1 129998 Other - APPRAISAL FROM FEDERAL AGENCY X BALDWIN GRAND PIANO 1 5000 Other - INFORMAL APPRAISAL FROM KNOWLEDGEABLE EMPLOYEE X STEINWAY MODEL M PIANO 1 15000 Other - PARTIAL VALUATION FROM SELLER false true false Schedule M, Part I Explanations of reporting method for number of contributions Securities - Publicly traded - THE AMOUNT REPORTED IN COLUMN B REPRESENTS THE NUMBER OF CONTRIBUTIONS Other - CHEMISTRY EQUIPMENT THE AMOUNT REPORTED IN COLUMN B REPRESENTS THE NUMBER OF CONTRIBUTIONS Real estate - Other - THE AMOUNT REPORTED IN COLUMN B REPRESENTS THE NUMBER OF CONTRIBUTIONS Other - BALDWIN GRAND PIANO THE AMOUNT REPORTED IN COLUMN B REPRESENTS THE NUMBER OF CONTRIBUTIONS Other - STEINWAY MODEL M PIANO THE AMOUNT REPORTED IN COLUMN B REPRESENTS THE NUMBER OF CONTRIBUTIONS Form 990, Part VI, Line 11b Review of form 990 by governing body The 990 is reviewed by the VP of Business Affairs and Controller prior to filing. A copy of the 990 will be provided to board members after filing with the IRS. Form 990, Part VI, Line 12c Conflict of interest policy Each trustee, officer, and key employee must sign a conflict of interest certification each year. Each certification is reviewed by the appropriate body (administration or governing board), and matters requiring resolution are researched, discussed, and acted upon as needed to ensure the necessary disclosure and avoidance of conflicts of interest. Form 990, Part VI, Line 15a Process to establish compensation of top management official The executive committee serves as the compensation committee and meets annually regarding the Chief Executive's compensation. This committee often determines the compensation of the president based on comparability data from other universities of similar size and deliberation among the members. After the committee reaches a conclusion, they make a recommendation to the trustees. The trustees then discuss and vote on the recommendation of the committee. All discussion concerning executive compensation are recorded in the minutes of the meeting for substantiation purposes. Form 990, Part VI, Line 19 Required documents available to the public The financial statements and tax returns are available by requesting a copy from the business office through the CFO, the Candid website, or university's website. Form 990, Part VIII, Line 11d Other Miscellaneous Revenue OTHER REVENUE - Total Revenue: 441434, Related or Exempt Function Revenue: 441434, Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: ; RETURN DUE DATE THIS RETURN IS SUBJECT TO A DISASTER RELIEF EXTENSION. THE RETURNS UPDATED DUE DATE IS JUNE 8TH, 2026. DISASTER RELIEF CODE: MS-2026-01