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: Verified by RoundPaper

FY 2023

Verified NonprofitLast Filed 2023EIN 56-0554199

Chowan University

MURFREESBORO, NCNTEE: B30Founded 1849Website

mission statement

Institution of private higher education providing undergraduate and graduate curriculums.

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Total Revenue

$29.6M

FY 2023

Program Spending

83.9%

of total expenses

Known Funders

2019–2024 filings

Key Metrics (FY 2023)

The Numbers

$85.7M

Total Assets

$76.8M net

28.15 mo

Operating Reserves

FY 2023

Active Programs

FY 2023

556

Total Employees

FY 2023

Funding Track Record

Backed by 25 Institutional Funders

$2.5M raised across 78 grants (2019–2024 filings)

Funder Geography

Funders across 14 states (2019–2024 filings)

Institutional Funding by Year

PaidCommittedBoth

Funder	Location	Total Awarded
Lettie Pate Whitehead Foundation Inc	Atlanta, GA	$1,190,000
North Carolina Community Foundation Inc	RALEIGH, NC	$341,950
The Cannon Foundation Inc	CONCORD, NC	$175,000
North Carolina Independent Colleges & Universities	RALEIGH, NC	$137,214
The Robert P Holding Foundation Inc	SMITHFIELD, NC	$125,000
Ta Grady D Askew Foundation	LAS VEGAS, NV	$122,750
Southern Bank Foundation	MOUNT OLIVE, NC	$80,000
National Collegiate Athletic Association	Indianapolis, IN	$67,305
Victor R Small Trust	WILSON, NC	$52,284
Hale F Charitable Ta CO First Citizens Bank	RALEIGH, NC	$50,208

Total tracked: $2,455,606 across 78 grants (2019–2024 filings)

Totals reflect grants as reported on funder tax returns. Timing may not match recipient revenue: funder and recipient fiscal years often differ, and grants paid by a funder in one year may be recognized by the recipient in a different year.

Programs (FY 2023)

What They Do

$27.5M in expenses

Chowan university is a comprehensive, coeducational, residential university with both undergraduate and graduate programs. The university offers a variety of academic programs with a liberal arts basis in career-oriented fields such as business, teacher education, criminal justice, etc. In all, the university offers degrees in 20 programs. Students participate in, and are exposed to, various cultural arts programs and events. They are also encouraged to be involved in community and volunteer programs. The university offers various styles of student housing for residential students. Residential students receive training and programming from the residence life staff. Athletic and intramural participation is another important component in the learning and education experience. During fall 2023, the university served approximately 617 students in its traditional undergraduate program, with 530 students enrolled in spring 2024. The graduate program had 70 students in fall 2023 and 62 in spring 2024. Among these, 599 students were residential in fall 2023, and 501 in spring 2024. Additionally, the university enrolled around five students in the undergraduate adult degree program for fall 2023 and three in spring 2024. The undergraduate residency program, designed for students obtaining their teaching license, had 16 participants in fall 2023 and 12 in spring 2024. Over the course of the year, approximately 193 students successfully completed their program studies.

Financial History