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Nonprofiteer
← TALLADEGA COLLEGE

Form 990 for tax year 2022

Filed by TALLADEGA COLLEGE.

Totals

Total revenue
$40,885,647
Total expenses
$33,389,457
Contributions and grants received
$23,481,340
Grants paid
$6,729,105
Program service revenue
$16,230,176
Investment income
$43,231
Other revenue
$1,130,900
Total assets, end of year
$117,178,947
Total liabilities, end of year
$31,048,341
Net assets or fund balances, end of year
$86,130,606
Program services expenses (Part IX)
$18,460,133
Management and general expenses
$14,929,324
Fundraising expenses
$0
Program service expenses (Part III)
$18,460,133

Program services were 55.3% 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)

    $20,833,971

  • 1f · All other contributions, gifts and grants

    $2,647,369

  • 2a · Program service revenue: Tuition and Fees

    total $12,378,382 · unrelated business $0 · excluded $0

  • 2b · Program service revenue: Sales and services of auxiliary enterprises

    total $3,851,794 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $43,231 · unrelated business $0 · excluded $43,231

  • 11a · Other revenue: Other revenues

    total $1,130,900 · related or exempt $1,130,900 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $1,130,900

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $6,729,105 · program services $6,729,105

  • 7 · Other salaries and wages

    total $10,949,079 · program services $7,854,474 · management and general $3,094,605 · fundraising $0

  • 9 · Other employee benefits

    total $3,057,604 · program services $1,061,423 · management and general $1,996,181 · fundraising $0

  • 10 · Payroll taxes

    total $33,211 · program services $0 · management and general $33,211 · fundraising $0

  • 11a · Fees: management

    total $4,198,050 · program services $656,335 · management and general $3,541,715 · fundraising $0

  • 11b · Fees: legal

    total $70,959 · program services $0 · management and general $70,959 · fundraising $0

  • 11c · Fees: accounting

    total $214,597 · program services $0 · management and general $214,597 · fundraising $0

  • 12 · Advertising and promotion

    total $4,140 · program services $0 · management and general $4,140 · fundraising $0

  • 13 · Office expenses

    total $460,395 · program services $102,290 · management and general $358,105 · fundraising $0

  • 14 · Information technology

    total $152,662 · program services $40,131 · management and general $112,531 · fundraising $0

  • 16 · Occupancy

    total $10,328 · program services $0 · management and general $10,328 · fundraising $0

  • 17 · Travel

    total $1,765,853 · program services $1,246,363 · management and general $519,490 · fundraising $0

  • 19 · Conferences, conventions and meetings

    total $419,919 · program services $199,279 · management and general $220,640 · fundraising $0

  • 20 · Interest

    total $199,476 · program services $0 · management and general $199,476 · fundraising $0

  • 22 · Depreciation, depletion and amortization

    total $1,281,364 · program services $0 · management and general $1,281,364 · fundraising $0

  • 23 · Insurance

    total $844,989 · program services $5,572 · management and general $839,417 · fundraising $0

  • 24a · Other expenses: Inst. supplies

    total $205,759 · program services $85,908 · management and general $119,851 · fundraising $0

  • 24b · Other expenses: Auxiliary supplies

    total $340,627 · program services $248,400 · management and general $92,227 · fundraising $0

  • 24c · Other expenses: Repairs and maintenance

    total $1,764,864 · program services $19,757 · management and general $1,745,107 · fundraising $0

  • 24d · Other expenses: Miscellaneous

    total $419,809 · program services $211,096 · management and general $208,713 · fundraising $0

  • 24e · All other expenses

    total $266,667 · program services $0 · management and general $266,667 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $5,295,025 · end of year $3,831,022

  • 2 · Savings and temporary cash investments

    beginning of year $3,622 · end of year $671,025

  • 3 · Pledges and grants receivable

    beginning of year $30,374 · end of year $1,255

  • 4 · Accounts receivable

    beginning of year $4,769,120 · end of year $5,565,573

  • 7 · Other notes and loans receivable

    beginning of year $13,739,100 · end of year $13,739,100

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

    $117,612,058

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

    $27,890,292

  • 10c · Land, buildings and equipment, net

    beginning of year $81,300,159 · end of year $89,721,766

  • 11 · Investments: publicly traded securities

    beginning of year $3,270,205 · end of year $3,649,206

  • 15 · Other assets

    beginning of year $1,741,789 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,099,997 · end of year $1,746,460

  • 23 · Secured mortgages and notes payable

    beginning of year $30,212,865 · end of year $29,150,750

  • 25 · Other liabilities

    beginning of year $202,116 · end of year $151,131

  • 27 · Net assets without donor restrictions

    beginning of year $76,072,448 · end of year $83,568,638

  • 28 · Net assets with donor restrictions

    beginning of year $2,561,968 · end of year $2,561,968

Mission and programs · 2022

Mission

To nurture the whole person through mentoring relations between faculty and students. It provides experiences that develop strong moral and ethnical behaviors

  • To nurture the whole person through mentoring relations between faculty and students. It provides experiences that develop strong moral and ethnical behaviors and responsibility to the local community and to the world.

    Expenses $15,965,449

  • Auxiliary enterprise supports the Colleges mission of providing quality educational opportunities. These services include, but are not limited to food service, campus housing, postal services, parking, vending, campus stores and athletics.

    Expenses $2,494,684

As filed on the 2022 return.

Listed in Part VII

  • Mr Isaiah Hugley

    Chairperson

    Total calculated
    $0
    Hours/week
    1

  • Mr Douglas L Brewer

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Dr Billy C Hawkins

    President

    Total calculated
    $0
    Hours/week
    40

  • Mr Robert Dickerson

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Dr Monique Gardner- Witherspoon

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Mr Russell Holloway

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Mr Jamal Jones

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Dr John Mascia

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Dr Robert Ryan

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Dr Tracey Adams

    Vice Chairman

    Total calculated
    $0
    Hours/week
    1

  • Dr Lisa Long

    Provost/ VP Academic Affairs

    Total calculated
    $0
    Hours/week
    40

  • Sama Mondeh

    V.P. of Administration and Finance

    Total calculated
    $0
    Hours/week
    40

  • Mr Terry Smiley

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Ms Caroline Wagna

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Mr Jimmy Kelly III

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Mrs Valerie Lewis-McGee

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Mr Marc A Love

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Dr Edgars Patani

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Mr Charles RMatthews

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Mr Troy Brown

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Mrs Rica Lewis-Payton

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Mr Jeffery Burgin

    VP for Student Affairs

    Total calculated
    $0
    Hours/week
    40

  • Ms Zenda Bowie

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Dr Gregory J Vincent

    President

    Total calculated
    $0
    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.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2022
Filed
14 May 2024
IRS schema version
2022v5.0
Source object
202431369349315828

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