Liberty University Inc

Green Hall

Lynchburg, VA
Tax-exempt since Jan. 1974
EIN: 54-0946734

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Type of Nonprofit

Designated as a 501(c)(3) Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Educational Institutions and Related Activities / University or Technological Institute (NTEE)

Donations to this organization are tax deductible.

Details

According to its June 2023 tax filing, this nonprofit:

Operated a school

Organization is a school. Details are reported on Schedule E.

Provided first-class or charter travel

Organization provided first-class or charter travel to key employees or officers. Details are reported on Schedule J.

Reported conflict of interest transactions

Organizations must report loans, grants or business transactions with interested parties, which may include key employees and officers, their family members and any businesses in which they hold a controlling interest. These transactions must be reported on Schedule L.

Revenue

$1.57B (2023)

Expenses

$1.38B (2023)

Total Assets

$4.16B (2023)

Total Liabilities

$309M (2023)

Source: Form 990 tax filings from 2011 to 2023

Tax Filings and Audits by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Audits are required to be submitted by nonprofit organizations that spend $750,000 or more in federal grant money in a fiscal year. "Single audits" look at the entire organization's finances and compliance, while other audits are program specific. Nonprofit Explorer has PDFs of audits for some nonprofits for fiscal year 2015 and later. Audit data is from the Federal Audit Clearinghouse.

Fiscal Year Ending June
2024

Form 990 documents are not available for this tax period, but audit documents are available for download.

Audit

Audit for an entity that spends $750,000+ in federal grant money in a fiscal year

PDF

Fiscal Year Ending June
2023

Revenue

$1,565,676,548

Expenses

$1,381,066,428

Net Income

$184,610,120

Net Assets

$3,848,582,398

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$30,915,325	2.0%
Program Services	$1,464,462,952	93.5%
Investment Income	$55,709,676	3.6%
Bond Proceeds	$0
Royalties	$539,581	0.0%
Rental Property Income	-$164,982
Net Fundraising	$9,671	0.0%
Sales of Assets	-$24,548,703
Net Inventory Sales	$0
Other Revenue	$38,753,028	2.5%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$9,353,733	0.7%
Professional Fundraising Fees	$0
Other Salaries and Wages	$452,436,042	32.8%

Assets/Debt
Total Assets	$4,157,125,287
Total Liabilities	$308,542,889
Net Assets	$3,848,582,398

Operated a school

Provided first-class or charter travel

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
Mr Danny H Freeze Jr (Head Coach Football)	$3,793,248	$0	$40,181
Mr Ritchie L Mc Kay (Head Coach Basketball)	$1,402,383	$0	$61,577
Dr Jerry Prevo (Trustee/President)	$991,455	$0	$32,763
Mr Ian Mc Caw (Director Of Athletics)	$827,522	$0	$61,577
Dr Robert Ritz (Chief Fin. Officer/Treasurer)	$586,079	$0	$61,577
Mr James Chadwell (Head Coach Football)	$479,629	$0	$0
Mr David Corry (General Counsel/Secretary)	$445,473	$0	$34,176
Dr Scott Hicks (Provost & Chief Academic Off.)	$416,214	$0	$18,374
Dr Ronald Kennedy (Evp For Enrollment & Marketing)	$398,422	$0	$61,227
Dr Shawn Akers (Online Provost)	$382,624	$0	$8,050
Mr Scott Jackson (Head Coach Baseball)	$376,041	$0	$54,782
Dr Mark F Horstemeyer (Dean, School Of Engineering)	$368,095	$0	$40,782
Mrs Cindy Gaebe (Svp Of Fin.& Chief Invest Off.)	$330,704	$0	$13,343
Mr Daniel Deter (Vp Of Major Construction)	$291,813	$0	$25,676
Mr John Gauger (Chief Information Officer)	$291,504	$0	$27,155
Mr Don Moon (Former Officer)	$273,735	$0	$52,318
Mr Steve Foster (Evp Of Human Resources)	$263,471	$0	$41,077
Rev Glenn Clary (Evp Of Strategic P'ships)	$255,026	$0	$58,360
Mr Charles Spence (Svp Of Campus Facilities & Tra)	$252,713	$0	$37,860
Mr Shon Muldrow (Svp Of Inclusion, Divers & Eqy)	$252,577	$0	$36,405
Mr Craig Pettitt (Vp Of Real Estate Management)	$250,465	$0	$40,343
Mr Daniel Applewhite (Deputy Gen. Counsel/Asst. Secy)	$239,381	$0	$24,101
Dr Lawrence Hine (Senior Vp Of Student Affairs)	$215,970	$0	$37,342
Pastor Jonathan Falwell (Trustee/Chancellor)	$208,510	$0	$0
Mr Scott Spear (Vp Of Finance & Administration)	$191,609	$0	$18,977
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990

Filed on May 14, 2024

Primary tax return for a nonprofit’s activities, finances, and governance

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Audit

Audit for an entity that spends $750,000+ in federal grant money in a fiscal year

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Fiscal Year Ending June
2022

Revenue

$1,594,106,664

Expenses

$1,284,086,793

Net Income

$310,019,871

Net Assets

$3,526,981,986

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$29,324,690	1.8%
Program Services	$1,483,885,774	93.1%
Investment Income	$34,391,647	2.2%
Bond Proceeds	$0
Royalties	$372,053	0.0%
Rental Property Income	$799,492	0.1%
Net Fundraising	$13,462	0.0%
Sales of Assets	$22,525,601	1.4%
Net Inventory Sales	$0
Other Revenue	$22,793,945	1.4%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$7,516,423	0.6%
Professional Fundraising Fees	$0
Other Salaries and Wages	$400,567,965	31.2%

Assets/Debt
Total Assets	$3,991,603,424
Total Liabilities	$464,621,438
Net Assets	$3,526,981,986

Operated a school

Provided first-class or charter travel

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
Mr Danny H Freeze Jr (Head Coach Football)	$3,422,437	$0	$38,797
Mr Ritchie L Mc Kay (Head Coach Basketball)	$1,328,945	$0	$39,091
Dr Jerry Prevo (Trustee/President)	$1,017,244	$0	$31,033
Mr Ian Mc Caw (Director Of Athletics)	$828,221	$0	$39,091
Mr David Nasser (Sr. Vp For Spiritual Developmt)	$592,573	$0	$13,014
Mr Ronald Kennedy (Evp For Enrollment & Marketing)	$473,519	$0	$27,413
Mr Scott L Symons (Linebacker Coach)	$462,287	$0	$30,515
Mr David Corry (General Counsel/Secretary)	$459,690	$0	$32,038
Dr Robert Ritz (Chief Fin. Officer/Treasurer)	$439,053	$0	$31,841
Mr Richard K Austin (Tight Ends Coach)	$399,666	$0	$28,869
Dr Scott Hicks (Provost & Chief Academic Off.)	$374,236	$0	$17,221
Mr Mark F Horstemeyer (Dean, School Of Engineering)	$366,127	$0	$30,297
Ms Laura Wallace (Evp For Human Resources)	$336,227	$0	$19,957
Mrs Cindy Gaebe (Svp Of Fin.& Chief Invest Off.)	$285,236	$0	$12,413
Mr Craig Pettit (Vp Of Real Estate Management)	$278,142	$0	$22,052
Mr Shon Muldrow (Evp Of Inclusion, Divers & Eqy)	$272,077	$0	$25,414
Mr John Gauger (Chief Information Officer)	$268,099	$0	$24,888
Mr Daniel Deter (Vp Of Major Construction)	$257,544	$0	$23,663
Mr Don Moon (Svp Of Fin. & Invest Mgmt)	$253,568	$0	$16,561
Mr Charles Spence (Senior Vp Of Facilities Mgmt)	$250,095	$0	$21,551
Dr Shawn Akers (Online Provost)	$240,557	$0	$10,152
Mr Daniel Applewhite (Deputy Gen. Counsel/Asst. Secy)	$230,932	$0	$24,144
Dr Lawrence Hine (Senior Vp Of Student Affairs)	$216,238	$0	$19,618
Pastor Jonathan Falwell (Trustee/Campus Pastor)	$209,510	$0	$0
Mr Glenn Clary (Evp Of Strategic P'ships)	$184,921	$0	$10,442
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990

Filed on May 15, 2023

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990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

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Audit

Audit for an entity that spends $750,000+ in federal grant money in a fiscal year

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Fiscal Year Ending June
2021

Revenue

$1,515,953,706

Expenses

$1,165,679,488

Net Income

$350,274,218

Net Assets

$3,460,938,851

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$44,452,653	2.9%
Program Services	$1,407,719,569	92.9%
Investment Income	$16,206,610	1.1%
Bond Proceeds	$0
Royalties	$318,462	0.0%
Rental Property Income	-$2,449,567
Net Fundraising	$13,892	0.0%
Sales of Assets	$42,760,645	2.8%
Net Inventory Sales	$0
Other Revenue	$6,931,442	0.5%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$10,287,674	0.9%
Professional Fundraising Fees	$0
Other Salaries and Wages	$351,899,230	30.2%

Assets/Debt
Total Assets	$3,931,030,973
Total Liabilities	$470,092,122
Net Assets	$3,460,938,851

Operated a school

Reported an excess benefit transaction

Provided first-class or charter travel

Reported conflict of interest transactions

Reported a significant diversion of assets

Compensation

Key Employees and Officers	Compensation	Related	Other
Mr Jerry Falwell (Chancellor/President)	$3,528,967	$0	$392,854
Mr Hugh Freeze (Head Coach Football)	$2,033,545	$0	$38,440
Mr Ritchie Mc Kay (Head Coach Men's Basketball)	$1,087,484	$0	$38,735
Mr Ian Mc Caw (Director Of Athletics)	$623,984	$0	$38,735
Mr Ronald Kennedy (Evp Of Enrollment & Marketing)	$571,450	$0	$27,076
Mr David Corry (General Counsel/Secretary)	$483,112	$0	$30,826
Dr Peter Bell (Dean, Lu Coll. Of Osteopathic)	$439,499	$0	$34,940
Dr Robert Ritz (Cfo/Treasurer)	$419,246	$0	$31,485
Mr David Nasser (Sr. Vp Of Spir Dev)	$413,761	$0	$32,735
Ms Laura Wallace (Evp For Human Resources)	$413,198	$0	$19,826
Mr Turner Gill (Evp Of Diversity, Development)	$331,089	$0	$8,354
Dr Mark Horstemeyer (Dean, School Of Engineering)	$328,729	$0	$28,690
Mr Carey Green (Head Coach, Womens Basketball)	$328,677	$0	$22,687
Mr Randall Smith (Former Officer)	$309,940	$0	$25,572
Dr Scott Hicks (Provost & Chief Acad. Officer)	$262,986	$0	$10,952
Mr Don Moon (Svp Finance & Investment Mgmt)	$258,676	$0	$17,348
Dr Shawn Akers (Online Provost)	$257,241	$0	$0
Mr John Gauger (Chief Information Officer)	$252,748	$0	$24,551
Dr Jerry Prevo (Trustee/President)	$240,068	$0	$9,856
Mr Charles Spence (Sr. Vp Of Facilities Mgmt)	$235,890	$0	$21,275
Mr Craig Pettit (Vp Of Real Estate Management)	$234,947	$0	$20,781
Mr Daniel Deter (Vp Of Major Construction)	$217,847	$0	$22,576
Mrs Cindy Gaebe (Vp Of Finance & Administration)	$213,958	$0	$12,076
Mr Daniel Applewhite (Deputy Gen. Counsel/Asst. Secy)	$212,745	$0	$23,466
Mr Trey Falwell (Vp Of University Operations)	$197,164	$0	$16,325
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990

Filed on May 16, 2022

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Audit

Audit for an entity that spends $750,000+ in federal grant money in a fiscal year

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Fiscal Year Ending June
2020

Revenue

$1,343,657,390

Expenses

$1,093,741,798

Net Income

$249,915,592

Net Assets

$2,909,719,895

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$16,444,061	1.2%
Program Services	$1,309,847,537	97.5%
Investment Income	$22,974,649	1.7%
Bond Proceeds	$0
Royalties	$394,193	0.0%
Rental Property Income	$1,341,902	0.1%
Net Fundraising	-$6,078
Sales of Assets	-$9,215,434
Net Inventory Sales	$0
Other Revenue	$1,876,560	0.1%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$7,617,567	0.7%
Professional Fundraising Fees	$0
Other Salaries and Wages	$339,844,657	31.1%

Assets/Debt
Total Assets	$3,367,494,352
Total Liabilities	$457,774,457
Net Assets	$2,909,719,895

Operated a school

Provided first-class or charter travel

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
Mr Jerry Falwell (Chancellor/President)	$1,805,610	$0	$396,621
Mr Hugh Freeze (Head Coach Football)	$1,100,866	$0	$37,440
Mr Ritchie Mc Kay (Head Coach Men's Basketball)	$1,083,687	$0	$37,735
Mr Ian Mc Caw (Director Of Athletics)	$649,599	$0	$34,610
Mr Turner Gill (Former Highly Compensated)	$573,682	$0	$0
Mr Ronald Kennedy (Evp Of Enrollment & Marketing)	$551,889	$0	$26,916
Dr Peter Bell (Dean, Lu College Of Osteopathi)	$439,599	$0	$34,940
Mr David Nasser (Sr Vp Of Spiritual Development)	$391,958	$0	$30,779
Mr John Gauger (Chief Information Officer)	$345,241	$0	$24,551
Dr Robert Ritz (Cfo/Treasurer)	$338,474	$0	$27,000
Mr Scott Symons (Linebacker Coach)	$337,890	$0	$24,893
Mr Richard Austin (Tightend Coach)	$328,708	$0	$25,154
Mr Randall Smith (Evp & Coo/Management Consultan)	$313,676	$0	$25,236
Ms Laura Wallace (Evp For Human Resources)	$304,770	$0	$19,497
Mr David Corry (General Counsel/Secretary)	$294,498	$0	$26,415
Mr Don Moon (Sr Vp Of Investment Management)	$258,294	$0	$17,348
Dr Scott Hicks (Provost And Chief Academic Off)	$250,386	$0	$10,952
Mr Charles Spence (Sr Vp Of Facilities Management)	$235,890	$0	$19,329
Dr Shawn Akers (Online Provost)	$221,308	$0	$9,583
Dr Ronald Hawkins (Former Officer)	$212,295	$0	$19,705
Mr Dan Applewhite (Deputy General Counsel/Assista)	$207,042	$0	$19,731
Mr Trey Falwell (Vp Of University Operations)	$196,229	$0	$20,204
Dr Lawrence Hine (Senior Vp Of Student Affairs)	$184,973	$0	$18,262
Mr Christian Kennedy (Former Officer)	$179,715	$0	$21,985
Mr Chris Johnson (Former Key Employee)	$110,323	$0	$17,263
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990

Filed on May 17, 2021

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990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

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PDF (2 of 2)

Audit

Audit for an entity that spends $750,000+ in federal grant money in a fiscal year

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Fiscal Year Ending June
2019

Revenue

$1,289,595,085

Expenses

$1,001,115,779

Net Income

$288,479,306

Net Assets

$2,696,700,668

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$24,340,904	1.9%
Program Services	$1,229,034,114	95.3%
Investment Income	$20,132,627	1.6%
Bond Proceeds	$0
Royalties	$285,301	0.0%
Rental Property Income	$1,308,941	0.1%
Net Fundraising	$18,728	0.0%
Sales of Assets	$2,023,686	0.2%
Net Inventory Sales	$0
Other Revenue	$12,450,784	1.0%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$9,563,093	1.0%
Professional Fundraising Fees	$0
Other Salaries and Wages	$310,573,684	31.0%

Assets/Debt
Total Assets	$3,127,381,424
Total Liabilities	$430,680,756
Net Assets	$2,696,700,668

Operated a school

Provided first-class or charter travel

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
Mr Jerry Falwell (Chancellor/President)	$1,099,356	$0	$59,655
Mr Turner Gill (Head Coach Football)	$756,221	$0	$54,513
Mr Ritchie Mc Kay (Head Coach Men's Basketball)	$600,790	$0	$54,479
Mr Ian Mc Caw (Director Of Athletics)	$492,115	$0	$50,903
Dr Peter Bell (Dean, Lu College Of Osteopathi)	$439,915	$0	$48,909
Mr Ronald Kennedy (Evp Of Enrollment & Marketing)	$393,245	$0	$39,417
Mr David Nasser (Sr Vp Of Spiritual Development)	$366,593	$0	$41,340
Ms Laura Wallace (Evp For Human Resources)	$339,217	$0	$32,902
Dr Scott Hicks (Provost And Chief Academic Off)	$330,645	$0	$22,962
Dr Robert Ritz (Evp Finance)	$314,339	$0	$39,334
Mr Carey Green (Head Coach Women's Basketball)	$313,539	$0	$34,743
Mr Randall Smith (Evp & Coo)	$311,903	$0	$38,164
Mr Don Moon (Sr Vp Of Investment Management)	$258,135	$0	$29,906
Dr Ronald Hawkins (Former Officer)	$255,617	$0	$34,198
Mr Brian Faulkner (Dean, School Of Law)	$254,092	$0	$37,801
Mr John Gauger (Cio)	$252,810	$0	$36,916
Mr David Corry (General Counsel/Secretary)	$246,114	$0	$36,459
Mr Charles Spence (Sr Vp Of Facilities Management)	$239,197	$0	$33,252
Mr Chris Johnson (Evp For Resident Enrollment)	$225,124	$0	$33,386
Dr Ben Gutierrez (Former Key Employee)	$212,560	$0	$27,650
Mr Trey Falwell (Vp Of University Operations)	$207,388	$0	$26,922
Mr Dan Applewhite (Deputy General Counsel/Assista)	$201,785	$0	$21,933
Dr Shawn Akers (Online Provost)	$183,592	$0	$17,520
Dr Lawrence Hine (Senior Vp Of Student Affairs)	$183,422	$0	$29,560
Mr Christian Kennedy (Former Officer)	$121,255	$0	$24,386
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990

Filed on July 15, 2020

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990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

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Audit

Audit for an entity that spends $750,000+ in federal grant money in a fiscal year

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Fiscal Year Ending June
2018

Revenue

$1,159,314,971

Expenses

$906,520,205

Net Income

$252,794,766

Net Assets

$2,380,491,718

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$28,909,244	2.5%
Program Services	$1,082,668,020	93.4%
Investment Income	$16,083,826	1.4%
Bond Proceeds	$0
Royalties	$364,416	0.0%
Rental Property Income	$2,713,560	0.2%
Net Fundraising	-$21,540
Sales of Assets	$16,918,136	1.5%
Net Inventory Sales	$0
Other Revenue	$11,679,309	1.0%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$6,031,833	0.7%
Professional Fundraising Fees	$0
Other Salaries and Wages	$281,522,215	31.1%

Assets/Debt
Total Assets	$2,812,938,906
Total Liabilities	$432,447,188
Net Assets	$2,380,491,718

Operated a school

Provided first-class or charter travel

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
Mr Jerry Falwell (Chancellor/President)	$1,010,087	$0	$57,243
Mr Randall Smith (Evp & Coo)	$812,738	$0	$40,365
Turner Gill (Head Coach Football)	$755,126	$0	$53,946
Ritchie Mckay (Head Coach Mens Basketball)	$589,194	$0	$51,239
Ian Mccaw (Director Of Athletics)	$476,076	$0	$49,697
David Nasser (Sr. Vp Of Spiritual Development)	$352,015	$0	$29,759
Dr Peter Bell (Dean, Lu College Of Osteopathic Medicine)	$328,054	$0	$33,411
Jeff Barber (Former Key Employee)	$321,350	$0	$38,294
Ronald Kennedy (Evp Of Online Enrollment)	$294,835	$0	$36,221
Laura Wallace (Evp Of Human Resources)	$288,567	$0	$31,711
Chris Johnson (Evp For Resident Enrollment)	$275,567	$0	$35,858
Ray Morrison (Asst Dean, Clinical Education)	$259,175	$0	$23,532
Carey Green (Head Coach Womens Basketball)	$258,906	$0	$33,236
Dr Ronald Hawkins (Provost & Chief Academic Officer)	$253,866	$0	$33,667
Mr Don Moon (Cfo/Vp Of Investment Mgmt)	$252,200	$0	$29,380
Mr David Corry (General Counsel/Secretary)	$240,084	$0	$35,663
Charles Spence (Sr. Vp Of Facilities Management)	$238,278	$0	$32,384
John Gauger (Cio)	$236,724	$0	$35,463
Dr Robert Ritz (Evp Of Finance)	$228,528	$0	$33,838
Dr Ben Gutierrez (Co Provost & Vp For Academic Affairs)	$216,037	$0	$22,342
Samuel Beaumont (Senior Vp Of Auxiliary Service)	$213,145	$0	$29,832
Lawrence Hine (Senior Vp Of Student Affairs)	$179,576	$0	$28,934
Jerry Falwell Iii (Vp Of University Support Services)	$165,209	$0	$23,866
Pastor Jonathan Falwell (Trustee & Vice Chancellor Of Spiritual)	$55,000	$0	$0
Dr John Borek Jr (Trustee & Adjunct Professor)	$27,000	$0	$0
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990

Filed on May 15, 2019

Primary tax return for a nonprofit’s activities, finances, and governance

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990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

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Audit

Audit for an entity that spends $750,000+ in federal grant money in a fiscal year

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Fiscal Year Ending June
2017

Revenue

$1,111,310,499

Expenses

$877,282,413

Net Income

$234,028,086

Net Assets

$2,104,009,842

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$13,964,116	1.3%
Program Services	$1,037,526,114	93.4%
Investment Income	$17,240,009	1.6%
Bond Proceeds	$0
Royalties	$399,606	0.0%
Rental Property Income	$2,349,606	0.2%
Net Fundraising	$13,581	0.0%
Sales of Assets	$33,005,690	3.0%
Net Inventory Sales	$0
Other Revenue	$6,811,777	0.6%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$6,460,446	0.7%
Professional Fundraising Fees	$0
Other Salaries and Wages	$275,128,605	31.4%

Assets/Debt
Total Assets	$2,571,559,687
Total Liabilities	$467,549,845
Net Assets	$2,104,009,842

Operated a school

Provided first-class or charter travel

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
Mr Jerry Falwell (Chancellor/President)	$959,802	$0	$58,725
Turner Gill (Head Coach Football)	$893,219	$0	$54,062
Ritchie Mc Kay (Head Coach, Men's Basketball)	$591,356	$0	$52,345
Randall Smith (Evp & Coo)	$365,591	$0	$37,305
David Nasser (Sr. Vp For Spiritual Development)	$349,411	$0	$29,442
Ronnie Martin (Dean College Of Osteopathic Medicine)	$347,090	$0	$33,165
Jeff Barber (Director Of Athletics)	$331,894	$0	$38,924
Laura Wallace (Executive Vp Of Human Resources)	$289,560	$0	$31,032
Dale Layer (Former Highly Compensated Employee)	$286,763	$0	$0
Chris Johnson (Executive Vp For Resident Enrollment)	$276,888	$0	$35,039
Carey Green (Head Coach, Women's Basketball)	$267,079	$0	$32,119
Brian Faulkner (Dean School Of Law)	$264,911	$0	$36,245
Ron Hawkins (Provost & Chief Academic Officer)	$257,524	$0	$32,945
Don Moon (Cfo/Vp Of Investment Mgmt)	$251,770	$0	$28,688
Ronald Kennedy (Executive Vp Of Online Enrollment)	$244,887	$0	$34,660
David Corry (General Counsel/Secretary)	$241,004	$0	$34,839
Charles Spence (Sr. Vp Of Campus Facilities & Transportation)	$238,707	$0	$31,611
Robert Ritz (Sr. Vp For University Financial Services)	$224,904	$0	$32,864
Samuel Beaumont (Senior Vp Of Auxiliary Service)	$208,784	$0	$29,968
Dr Ben Gutierrez (Co Provost & Vp For Academic Affairs)	$199,098	$0	$19,638
Alan Askew (Vp Of Major Construction)	$193,764	$0	$28,961
John Gauger (Cio & Vp Of Analytics)	$180,843	$0	$30,984
Lawrence Hine (Senior Vp Of Student Affairs)	$179,753	$0	$29,570
Pastor Jonathan Falwell (Trustee & Vice Chancellor Of Spiritual)	$50,000	$0	$3,825
Dr Allen Mc Farland (Trustee & Adjunct Professo)	$4,200	$0	$321
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990

Filed on May 15, 2018

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing

Schedules ▼

PDF XML

990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

PDF

Audit

Audit for an entity that spends $750,000+ in federal grant money in a fiscal year

PDF

Fiscal Year Ending June
2016

Revenue

$1,060,105,120

Expenses

$844,586,108

Net Income

$215,519,012

Net Assets

$1,814,742,657

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$20,246,077	1.9%
Program Services	$1,013,111,816	95.6%
Investment Income	$15,310,512	1.4%
Bond Proceeds	$0
Royalties	$328,911	0.0%
Rental Property Income	$1,671,964	0.2%
Net Fundraising	$28,886	0.0%
Sales of Assets	-$21,464,633
Net Inventory Sales	$0
Other Revenue	$30,871,587	2.9%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$8,020,793	0.9%
Professional Fundraising Fees	$0
Other Salaries and Wages	$263,897,810	31.2%

Assets/Debt
Total Assets	$2,265,165,058
Total Liabilities	$450,422,401
Net Assets	$1,814,742,657

Operated a school

Provided first-class or charter travel

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
Mr Jerry Falwell (Chancellor/President)	$927,074	$0	$57,947
Turner Gill (Head Coach Football)	$671,528	$0	$52,877
Ritchie Mckay (Head Coach, Men's Basketball)	$419,865	$0	$39,915
Ronnie Martin (Dean College Of Osteopathic Medicine)	$356,142	$0	$34,283
Jeff Barber (Director Of Athletics)	$338,865	$0	$39,802
Dale Layer (Former Highest Compensated Employee)	$320,266	$0	$38,870
Chris Johnson (Senior Vp For Enrollment Mgmt)	$310,504	$0	$35,046
Laura Wallace (Executive Vp Of Human Resources)	$287,785	$0	$31,927
Randall Smith (Evp & Coo)	$276,527	$0	$30,429
Ray Morrison (Divison Of Surgery, Chair)	$260,983	$0	$22,612
David Nasser (Sr. Vp For Spiritual Development)	$257,193	$0	$23,510
Ron Hawkins (Vp For Academic Affairs And Provost)	$257,078	$0	$32,699
Don Moon (Cfo/Vp Of Investment Mgmt)	$250,823	$0	$28,471
Matthew Zealand (Cio & Vp Ads)	$249,081	$0	$33,980
Ronald Kennedy (Executive Vp Of Marketing)	$246,867	$0	$33,382
David Corry (General Counsel/Secretary)	$240,105	$0	$34,425
Charles Spence (Senior Vp Of Construction Planning)	$239,414	$0	$31,373
Robert Ritz (Sr. Vp For University Financial Services)	$232,463	$0	$32,209
Aaron Stamn (Former Highest Compensated Employee)	$219,211	$0	$30,230
Robert Wimberly (Former Highest Compensated Employee)	$218,868	$0	$33,395
Samuel Beaumont (Senior Vp Of Auxiliary Service)	$207,769	$0	$29,631
Lawrence Hine (Senior Vp Of Student Affairs)	$178,300	$0	$30,162
Alan Askew (Vice President Of Major Construction)	$162,893	$0	$26,905
Pastor Jonathan Falwell (Trustee & Vice Chancellor Of Spiritual Affairs)	$50,000	$0	$3,825
Mr Neal Askew (Trustee And Consultant)	$41,667	$0	$0
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990

Filed on May 15, 2017

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing

Schedules ▼

PDF XML

990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

PDF

Audit

Audit for an entity that spends $750,000+ in federal grant money in a fiscal year

PDF

Fiscal Year Ending June
2015

Revenue

$1,001,828,550

Expenses

$778,497,912

Net Income

$223,330,638

Net Assets

$1,626,230,162

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$11,445,389	1.1%
Program Services	$963,220,931	96.1%
Investment Income	$20,667,348	2.1%
Bond Proceeds	$0
Royalties	$260,217	0.0%
Rental Property Income	$1,876,017	0.2%
Net Fundraising	$0
Sales of Assets	$2,889,525	0.3%
Net Inventory Sales	$0
Other Revenue	$1,469,123	0.1%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$7,027,567	0.9%
Professional Fundraising Fees	$0
Other Salaries and Wages	$249,874,643	32.1%

Assets/Debt
Total Assets	$2,072,987,998
Total Liabilities	$446,757,836
Net Assets	$1,626,230,162

Operated a school

Provided first-class or charter travel

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
Mr Jerry Falwell (Chancellor/President)	$896,610	$0	$30,024
Turner Gill (Head Coach Football)	$698,492	$0	$51,624
Jeff Barber (Director Of Athletics)	$342,396	$0	$39,209
Ronnie Martin (College Of Osteopathic Medicine Dean)	$339,487	$0	$32,924
Christian Kennedy (Exec Vp For Special Projects)	$333,120	$0	$33,264
Dale Layer (Head Coach Men's Basketball)	$302,827	$0	$37,753
Robert Wimberly (Defense Coord/Linebackers & Safeties)	$270,545	$0	$33,147
Aaron Stamn (Offensive Coord/Tight Ends Coach)	$260,360	$0	$30,114
Dr Ronald Godwin (Senior Vp For Academic Affairs)	$249,172	$0	$29,736
Chris Johnson (Exec Vp For Enrollment Management)	$241,056	$0	$31,032
Charles Spence (Senior Vp Of Construction Planning)	$240,452	$0	$30,889
Laura Wallace (Exec Vp Of Human Resources)	$238,218	$0	$31,216
Mr Don Moon (Cfo/Vp Of Investmemt Management)	$212,308	$0	$25,378
Ronald Kennedy (Exec Vp Of Marketing)	$200,035	$0	$30,179
Robert Ritz (Vp Of Financial Aid & State Relations)	$194,398	$0	$21,305
David Corry (General Counsel/Secretary)	$187,521	$0	$30,401
Ron Hawkins (Vp For Academic Affairs & Provost)	$182,964	$0	$26,903
Samuel Beaumont (Senior Vp Of Auxiliary Service)	$168,990	$0	$26,755
Lawrence Hine (Senior Vp Of Student Affairs)	$139,407	$0	$27,201
Johnnie Moore Jr (Senior Vp Of Communications)	$110,802	$0	$22,360
David Nasser (Senior Vp For Spiritual Development)	$99,602	$0	$8,278
Joseph Shipman (Assistant Secretary)	$65,753	$0	$8,853
Mr Neal Askew (Special Assistant To The President)	$59,256	$0	$11,427
Pastor Jonathan Falwell (Trustee & Vice Chancellor Of Spiritual Affairs)	$50,400	$0	$3,856
Dr Jeff Ginn (Trustee & Adjunct Professor)	$28,280	$0	$2,163
See filing for compensation of 32 other people →

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990

Filed on May 16, 2016

Primary tax return for a nonprofit’s activities, finances, and governance

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PDF (2 of 2)

990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

PDF

Fiscal Year Ending June
2014

Revenue

$988,883,153

Expenses

$705,889,580

Net Income

$282,993,573

Net Assets

$1,427,331,809

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$25,408,018	2.6%
Program Services	$922,131,897	93.2%
Investment Income	$21,631,560	2.2%
Bond Proceeds	$0
Royalties	$184,247	0.0%
Rental Property Income	$1,719,190	0.2%
Net Fundraising	$0
Sales of Assets	$17,395,670	1.8%
Net Inventory Sales	$0
Other Revenue	$412,571	0.0%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$3,813,975	0.5%
Professional Fundraising Fees	$0
Other Salaries and Wages	$234,370,233	33.2%

Assets/Debt
Total Assets	$1,847,567,734
Total Liabilities	$420,235,925
Net Assets	$1,427,331,809

Operated a school

Provided first-class or charter travel

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
Jerry Falwell Jr (Chancellor/President)	$871,406	$0	$51,568
Turner Gill (Head Coach Football)	$687,902	$0	$51,383
Ronnie Martin (Dean Of College Of Osteopathic Medicine)	$325,466	$0	$31,562
Dale Layer (Basketball Coach)	$316,205	$0	$36,759
Dr Ronald Godwin (Senior Vp For Academic Affairs/Provost)	$299,331	$0	$33,660
Mr Jeff Barber (Athletic Director)	$296,967	$0	$34,758
Laura Wallace (Exc Vp Of Human Resources)	$236,911	$0	$30,589
Mr Neal Askew (Executive Vice President)	$235,992	$0	$17,755
Chris Johnson (Exec Vp For Enrollment Mgmt)	$232,077	$0	$30,157
Mr Don Moon (Cfo/Vp Of Investmemt Management)	$210,960	$0	$25,258
Robert Ritz (Vp For Financial Aid & State Relations)	$201,338	$0	$20,658
Ronald Kennedy (Exec Vp Of Marketing)	$171,234	$0	$27,938
Charles Spence (Senior Vp Of Construction Planning)	$153,283	$0	$24,814
Johnnie Moore Jr (Senior Vp Of Communications)	$148,389	$0	$25,744
Lawrence Hine (Senior Vp Of Student Affairs)	$138,107	$0	$26,591
David Corry (General Counsel/Secretary)	$137,924	$0	$17,093
Samuel Beaumont (Senior Vp Of Auxiliary Service)	$137,630	$0	$24,305
Joseph Shipman (Assistant Secretary)	$55,610	$0	$7,829
Pastor Jonathan Falwell (Trustee)	$50,000	$0	$3,825
Christian Kennedy (Exec Vp For Special Projects)	$49,244	$0	$8,591
Dr Jeff Ginn (Trustee)	$36,400	$0	$2,785
Belinda Devault (Assistant Secretary)	$32,242	$0	$7,163
Dr Allen Mcfarland (Trustee)	$4,200	$0	$321
Mrs Gaye Overton Benson (Trustee)	$0	$0	$0
Dr David Rhodenhizer (Trustee)	$0	$0	$0
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990

Filed on May 15, 2015

Primary tax return for a nonprofit’s activities, finances, and governance

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990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

PDF

Fiscal Year Ending June
2013

Revenue

$884,784,138

Expenses

$616,193,457

Net Income

$268,590,681

Net Assets

$1,105,937,068

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$16,339,798	1.8%
Program Services	$830,727,756	93.9%
Investment Income	$28,508,701	3.2%
Bond Proceeds	$0
Royalties	$155,472	0.0%
Rental Property Income	$2,298,320	0.3%
Net Fundraising	$0
Sales of Assets	$3,563,304	0.4%
Net Inventory Sales	$0
Other Revenue	$3,190,787	0.4%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$3,232,038	0.5%
Professional Fundraising Fees	$0
Other Salaries and Wages	$205,076,341	33.3%

Assets/Debt
Total Assets	$1,564,185,422
Total Liabilities	$458,248,354
Net Assets	$1,105,937,068

990

Filed on July 2, 2014

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing

Schedules ▼

PDF XML

990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

PDF

Fiscal Year Ending June
2012

Revenue

$758,788,905

Expenses

$543,795,594

Net Income

$214,993,311

Net Assets

$851,296,793

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$15,138,369	2.0%
Program Services	$736,429,841	97.1%
Investment Income	$6,974,284	0.9%
Bond Proceeds	$0
Royalties	$109,928	0.0%
Rental Property Income	$2,035,114	0.3%
Net Fundraising	$0
Sales of Assets	-$5,031,686
Net Inventory Sales	$0
Other Revenue	$3,133,055	0.4%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$2,869,555	0.5%
Professional Fundraising Fees	$0
Other Salaries and Wages	$173,841,931	32.0%

Assets/Debt
Total Assets	$1,274,806,592
Total Liabilities	$423,509,799
Net Assets	$851,296,793

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

PDF (2 of 2)

990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

PDF

PDF (2 of 4) PDF (3 of 4) PDF (4 of 4)

Fiscal Year Ending June
2011

Revenue

$628,185,434

Expenses

$424,850,148

Net Income

$203,335,286

Net Assets

$637,467,416

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$13,022,228	2.1%
Program Services	$606,076,628	96.5%
Investment Income	$7,580,869	1.2%
Bond Proceeds	$0
Royalties	$104,858	0.0%
Rental Property Income	$3,229,085	0.5%
Net Fundraising	$0
Sales of Assets	-$4,964,186
Net Inventory Sales	$0
Other Revenue	$3,135,952	0.5%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$2,547,768	0.6%
Professional Fundraising Fees	$0
Other Salaries and Wages	$147,379,997	34.7%

Assets/Debt
Total Assets	$940,284,054
Total Liabilities	$302,816,638
Net Assets	$637,467,416

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

PDF (2 of 2)

990-T

Which Organizations Are Here?

Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

Get the Data

For those interested in acquiring the original data from the source, here’s where our data comes from:

Raw filing data. Includes EINs and summary financials as structured data.
Exempt Organization profiles. Includes organization names, addresses, etc. You can merge this with the raw filing data using EIN numbers.
Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica. Bulk PDF downloads since 2017 are available from the IRS.
Form 990 documents as XML files. Includes complete filing data (financial details, names of officers, tax schedules, etc.) in machine-readable format. Only available for electronically filed documents. Electronic data released prior to October 2021 is also available through Amazon Web Services.
Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

API

The data powering this website is available programmatically, via an API. Read the API documentation »

By Andrea Suozzo, Alec Glassford and Ash Ngu, ProPublica, and Brandon Roberts, Special to ProPublica.
Design by Jeff Frankl. Additional development by Ken Schwencke, Mike Tigas, and Sisi Wei.

E-file viewer adapted from IRS e-File Viewer by Ben Getson. Code for scraping audit documents adapated from Govwiki.

Updated December 20, 2024

Liberty University Inc

Organization summary

Type of Nonprofit

Details

Summary charts: organization finances over time

Revenue $1.57B (2023)

Expenses $1.38B (2023)

Total Assets $4.16B (2023)

Total Liabilities $309M (2023)

Tax Filings and Audits by Year

Fiscal Year Ending June 2024

No Extracted Financial Data

Document Links

Audit

Fiscal Year Ending June 2023

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

Audit

Fiscal Year Ending June 2022

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Extracted Financial Data from Form 990

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Compensation

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990-T

Audit

Fiscal Year Ending June 2021

Extracted Financial Data

Extracted Financial Data from Form 990

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Compensation

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990

Audit

Fiscal Year Ending June 2020

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

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990-T

Audit

Fiscal Year Ending June 2019

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

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990

990-T

Audit

Fiscal Year Ending June 2018

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

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990-T

Audit

Fiscal Year Ending June 2017

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

990-T

Audit

Fiscal Year Ending June 2016

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Revenue

$1.57B (2023)

Expenses

$1.38B (2023)

Total Assets

$4.16B (2023)

Total Liabilities

$309M (2023)

Fiscal Year Ending June
2024

Fiscal Year Ending June
2023

Fiscal Year Ending June
2022

Fiscal Year Ending June
2021

Fiscal Year Ending June
2020

Fiscal Year Ending June
2019

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2018

Fiscal Year Ending June
2017

Fiscal Year Ending June
2016

Fiscal Year Ending June
2015

Fiscal Year Ending June
2014

Fiscal Year Ending June
2013

Fiscal Year Ending June
2012

Fiscal Year Ending June
2011

Fiscal Year Ending June
2010

Fiscal Year Ending June
2009

Fiscal Year Ending June
2008

Fiscal Year Ending June
2007

Fiscal Year Ending June
2006

Fiscal Year Ending June
2005

Fiscal Year Ending June
2004