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Nonprofiteer
← MORRIS BROWN COLLEGE

Form 990 for tax year 2024

Filed by MORRIS BROWN COLLEGE.

Totals

Total revenue
$8,120,007
Total expenses
$8,318,053
Contributions and grants received
$3,601,840
Grants paid
$827,800
Program service revenue
$4,350,616
Investment income
$63,177
Other revenue
$104,374
Total assets, end of year
$12,477,615
Total liabilities, end of year
$1,165,544
Net assets or fund balances, end of year
$11,312,071
Program services expenses (Part IX)
$4,790,555
Management and general expenses
$3,523,024
Fundraising expenses
$4,474
Program service expenses (Part III)
$4,790,555

Program services were 57.6% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1e · Government grants (contributions)

    $2,026,625

  • 1f · All other contributions, gifts and grants

    $1,575,215

  • 2a · Program service revenue: TUITION AND FEES

    total $4,350,616 · related or exempt $4,350,616

  • 3 · Investment income

    total $40,535 · excluded $40,535

  • 5 · Royalties

    total $11,221 · excluded $11,221

  • 6a · Gross rents

    real property $87,860

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $87,860

  • 6d · Net rental income or loss

    total $87,860 · excluded $87,860

  • 7a · Gross sales of assets other than inventory

    securities $325,267

  • 7b · Less cost or other basis and sales expenses

    securities $302,625

  • 7c · Gain or loss

    securities $22,642

  • 7d · Net gain or loss

    total $22,642 · excluded $22,642

  • 11d · All other revenue

    total $5,293 · excluded $5,293

  • 11e · Other revenue, total

    $5,293

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $827,800 · program services $827,800

  • 5 · Compensation of officers, directors and key employees

    total $967,700 · program services $205,956 · management and general $761,744

  • 7 · Other salaries and wages

    total $2,933,872 · program services $2,031,261 · management and general $902,611

  • 8 · Pension plan contributions

    total $8,034 · program services $1,710 · management and general $6,324

  • 9 · Other employee benefits

    total $45,879 · program services $9,764 · management and general $36,115

  • 10 · Payroll taxes

    total $383,316 · program services $195,148 · management and general $188,168

  • 11b · Fees: legal

    total $194,493 · management and general $194,493

  • 11c · Fees: accounting

    total $68,335 · management and general $68,335

  • 11g · Fees: other

    total $568,121 · program services $80,107 · management and general $485,014 · fundraising $3,000

  • 12 · Advertising and promotion

    total $375,099 · program services $369,783 · management and general $3,849 · fundraising $1,467

  • 13 · Office expenses

    total $1,798 · program services $1,381 · management and general $410 · fundraising $7

  • 14 · Information technology

    total $586,818 · program services $407,334 · management and general $179,484

  • 16 · Occupancy

    total $544,852 · program services $157,873 · management and general $386,979

  • 17 · Travel

    total $84,437 · program services $44,119 · management and general $40,318

  • 19 · Conferences, conventions and meetings

    total $87,348 · program services $5,845 · management and general $81,503

  • 22 · Depreciation, depletion and amortization

    total $138,855 · program services $19,441 · management and general $119,414

  • 23 · Insurance

    total $278,138 · program services $243,026 · management and general $35,112

  • 24a · Other expenses: SUPPLIES & MATERIALS

    total $210,397 · program services $177,246 · management and general $33,151

  • 24e · All other expenses

    total $12,761 · program services $12,761

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $4,144,944 · end of year $2,087,744

  • 2 · Savings and temporary cash investments

    beginning of year $831,111 · end of year $2,023,277

  • 3 · Pledges and grants receivable

    beginning of year $1,328,766 · end of year $822,401

  • 4 · Accounts receivable

    beginning of year $234,115 · end of year $274,179

  • 9 · Prepaid expenses and deferred charges

    beginning of year $494,536 · end of year $263,149

  • 10a · Land, buildings and equipment: cost or other basis

    $7,692,138

  • 10b · Land, buildings and equipment: accumulated depreciation

    $2,577,252

  • 10c · Land, buildings and equipment, net

    beginning of year $4,191,217 · end of year $5,114,886

  • 11 · Investments: publicly traded securities

    beginning of year $1,103,499 · end of year $1,799,329

  • 15 · Other assets

    beginning of year $92,650 · end of year $92,650

  • 17 · Accounts payable and accrued expenses

    beginning of year $375,092 · end of year $551,488

  • 25 · Other liabilities

    beginning of year $588,740 · end of year $614,056

  • 27 · Net assets without donor restrictions

    beginning of year $8,514,483 · end of year $8,633,291

  • 28 · Net assets with donor restrictions

    beginning of year $2,942,523 · end of year $2,678,780

Mission and programs · 2024

Mission

IN ITS COMMITMENT TO ACADEMIC EXCELLENCE, MORRIS BROWN COLLEGE PROVIDES EXPERIENCES THAT FOSTER AND ENHANCE INTELLECTUAL, PERSONAL, AND INTERPERSONAL DEVELOPMENT FOR STUDENTS WHO HAVE DEMONSTRATED THE POTENTIAL TO COMPETE IN A CHALLENGING UNDERGRADUATE LIBERAL ARTS PROGRAM OF STUDY.

Activities or mission (Part I)

THE COLLEGE PROVIDES EDUCATIONAL OPPORTUNITIES IN A NURTURING ENVIRONMENT.

  • TO SUSTAIN A LEARNING COMMUNITY IN WHICH STUDENTS CAN PREPARE ACADEMICALLY, SOCIALLY AND SPIRITUALLY FOR LEADERSHIP IN A COMPLEX, DIVERSE AND RAPIDLY CHANGING WORLD. MORRIS BROWN COLLEGE PROVIDES SCHOLARSHIPS TO DESERVING STUDENTS. THROUGH STUDENT AID, THE COLLEGE OFFERS SUPPORT IN THE FORM OF SCHOLARSHIPS, GRANTS, LOANS, AND WORK STUDY TO STUDENTS BASED ON FINANCIAL NEED TO ALLOW STUDENTS A COLLEGE EDUCATION WHO MAY NOT OTHERWISE BE ABLE TO ATTEND.

    Expenses $4,790,555 · Grants $827,800 · Revenue $4,350,616

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Dr Kevin E James

    PRESIDENT

    Total calculated
    $305,153
    From this org
    $271,442
    From related orgs
    $0
    Other
    $33,711
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $236,442
    Bonus
    $35,000
    Other
    $0
    Deferred
    $3,292
    Nontaxable benefits
    $30,419
    Filer's total
    $305,153

  • Dr James Plenty

    TRUSTEE-FACULTY REPRESENTATIVE (PART YEAR)

    Total calculated
    $31,231
    From this org
    $31,231
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Rev Dr Reginald Jackson

    CHAIRPERSON

    Total calculated
    $0
    Hours/week
    1

  • Mr Darryl Hicks

    VICE CHAIRPERSON

    Total calculated
    $0
    Hours/week
    3

  • Terry Comer

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Mr Mohamed Balla

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Rev Dr Gwendolyn Boyd

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Mr Pedro A Bryant

    TRUSTEE

    Total calculated
    $0
    Hours/week
    3

  • Dr James B Ewers Jr

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Dr Lisa Herring

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Mr Cameron Wilson

    TRUSTEE (PART YEAR)

    Total calculated
    $0
    Hours/week
    1

  • Mr Gregory Jackson

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Mr Jethro Joseph

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Dr Joy Guilford

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Mrs Sandra Mason

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Mr Scott Morris

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Dr Marvin Brown

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Mr Stephen P Smith Esq

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Ms Lisa Tolliver

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • John Foster

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • David Kemp

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Marybeth Gasman

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Shermanetta Carter

    CHIEF FINANCIAL OFFICER

    Total calculated
    $129,580
    From this org
    $117,838
    From related orgs
    $0
    Other
    $11,742
    Hours/week
    40

  • Dr Toneyce Randolph

    PROVOST / SR. VP FOR ACADEMIC AFFAIRS

    Total calculated
    $118,767
    From this org
    $109,673
    From related orgs
    $0
    Other
    $9,094
    Hours/week
    40

  • Dr James Allen

    AVP OF ENROLLMENT STUDENT SERVICES

    Total calculated
    $107,958
    From this org
    $95,925
    From related orgs
    $0
    Other
    $12,033
    Hours/week
    40

  • Stephanie Gunby

    ASSOCIATE VP / DIRECTOR OF FINANCIAL AID

    Total calculated
    $88,594
    From this org
    $86,211
    From related orgs
    $0
    Other
    $2,383
    Hours/week
    40

  • Todd Blackburn

    ASST. VP FOR INSTITUTIONAL ADVANCEMENT

    Total calculated
    $53,468
    From this org
    $52,493
    From related orgs
    $0
    Other
    $975
    Hours/week
    40

  • Melissa Waller

    EXEC. VP OF INST. ADV. & CHIEF FUNDRAISING OFFICER

    Total calculated
    $38,506
    From this org
    $38,255
    From related orgs
    $0
    Other
    $251
    Hours/week
    40

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 1a · Housing allowance or residence for personal use
  • 1a · Health or social club dues or initiation fees
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Form 990 of other organizations
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 1A
DR. KEVIN JAMES, PRESIDENT, RECEIVED A HOUSING ALLOWANCE AS A TAXABLE BENEFIT. DR. KEVIN JAMES, PRESIDENT, RECEIVED A SOCIAL CLUB MEMBERSHIP AS A NON-TAXABLE BENEFIT FOR BONA FIDE BUSINESS PURPOSES.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2024
Filed
8 May 2026
IRS schema version
2024v5.5
Source object
202621289349301307

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