Mission
PROVIDE EDUCATIONAL PROGRAMS AND CONFER UNDERGRADUATE DEGREES IN APPROXIMATELY 60 ACADEMIC PROGRAMS OF STUDY. THE UNIVERSITY OFFERS 57 DIFFERENT PROGRAMS OF STUDY FOR UNDERGRADUATES AND 24 DIFFERENT PROGRAMS FOR GRADUATE DEGREES.
Public Charity
LENOIR-RHYNE UNIVERSITY
LENOIR-RHYNE UNIVERSITY is a Public Charity headquartered in HICKORY, NC. Financial data from the 2025 filing: $81.1M revenue, $82.5M expenses, $294.6M total assets. 136 publicly reported grants to this organization, totaling roughly $6.1M, appear in IRS filings.
EIN: 560556753
HICKORY, NC
Undergraduate Colleges
NTEE: B42
Latest filing: 2025
Total Revenue$81.1M
Total Expenses$82.5M
Total Assets$294.6M
Grant Records136
Funding Total$6.1M
Filing Years2021–2025
Where $100 goes at Lenoir-Rhyne University
How Lenoir-Rhyne University divides every $100 it spends, from its own Form 990 filings, averaged across 9 years.
$73
Programs
the work itself
$24
Management
running the organization
$3
Fundraising
raising the next dollar
Inside the $73 for programs
$63
Expenses related to providing the primary purpose of education for undergraduate and graduate students
$6
Auxiliary services
$4
Academic support
Source: Form 990 filings with the IRS, latest fiscal year 2025. Shares are from the organization's reported expenses. Data by Imperigo; not affiliated with the IRS.
Sample Grants Received
GENERAL SUPPORT
$68,397
SCHOLARSHIP
$17,750
For nursing scholarships.
$250,000
EDUCATION
$150,500
$91,553
Showing up to 5 of 136 total records — full history available with membership.
Officers & Directors
VICE CHAIR
Boyd C Wilson Jr
TRUSTEE
Boyd George
VP Institutional Advancement
Catherine Niekro
TRUSTEE
Chris Peek
TRUSTEE
Corie Pauling
Head Football Coach
Douglas Socha
Officer compensation and complete director data available with membership.
Top Grant Purposes
Financial Trends
| Year | Revenue | Expenses | Assets |
|---|---|---|---|
| 2025 | $81.1M | $82.5M | $294.6M |
| 2024 | $83.7M | $90.1M | $291.4M |
| 2023 | $98.6M | $100.0M | $291.2M |
| 2022 | $120.2M | $95.8M | $270.7M |
| 2021 | $101.4M | $95.5M | $251.8M |
Between 2021 and 2025, reported annual revenue declined from $101.4M to $81.1M (-20%), with total assets most recently reported at $294.6M.
Interactive year-over-year charts and full filing details available with membership.