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Nonprofiteer
← UNIVERSITY OF DC FOUNDATION

Form 990 for tax year 2023

Filed by UNIVERSITY OF DC FOUNDATION.

Totals

Total revenue
$3,840,377
Total expenses
$3,330,344
Contributions and grants received
$2,416,593
Grants paid
$1,166,020
Program service revenue
$0
Investment income
$1,422,135
Other revenue
$1,649
Total assets, end of year
$21,105,964
Total liabilities, end of year
$189,230
Net assets or fund balances, end of year
$20,916,734
Program services expenses (Part IX)
$2,634,785
Management and general expenses
$297,772
Fundraising expenses
$397,787
Program service expenses (Part III)
$2,634,785

Program services were 79.1% 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.

  • 1a · Federated campaigns

    $5,462

  • 1e · Government grants (contributions)

    $582,410

  • 1f · All other contributions, gifts and grants

    $1,828,721

  • 1g · Noncash contributions included above

    $181,439

  • 3 · Investment income

    total $485,740 · excluded $485,740

  • 7a · Gross sales of assets other than inventory

    securities $1,362,428

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

    securities $426,033

  • 7c · Gain or loss

    securities $936,395

  • 7d · Net gain or loss

    total $936,395 · excluded $936,395

  • 11a · Other revenue: OTHER REVENUE

    total $1,649 · excluded $1,649

  • 11e · Other revenue, total

    $1,649

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $1,166,020 · program services $1,166,020

  • 7 · Other salaries and wages

    total $135,045 · program services $28,120 · management and general $106,925

  • 9 · Other employee benefits

    total $2,399 · program services $2,399

  • 11c · Fees: accounting

    total $119,483 · program services $86,913 · management and general $31,278 · fundraising $1,292

  • 11e · Fees: professional fundraising services

    total $385,000 · fundraising $385,000

  • 11f · Fees: investment management

    total $79,595 · management and general $79,595

  • 11g · Fees: other

    total $121,460 · program services $88,351 · management and general $31,796 · fundraising $1,313

  • 12 · Advertising and promotion

    total $22,400 · program services $12,500 · fundraising $9,900

  • 13 · Office expenses

    total $162,470 · program services $158,000 · management and general $4,470

  • 14 · Information technology

    total $26,135 · program services $19,011 · management and general $6,842 · fundraising $282

  • 17 · Travel

    total $50,720 · program services $46,547 · management and general $4,173

  • 19 · Conferences, conventions and meetings

    total $78,362 · program services $66,380 · management and general $11,982

  • 23 · Insurance

    total $4,985 · management and general $4,985

  • 24a · Other expenses: PROGRAM COSTS

    total $688,631 · program services $681,906 · management and general $6,725

  • 24b · Other expenses: SPONSORSHIPS

    total $181,439 · program services $181,439

  • 24c · Other expenses: HONORARIUMS AND AWARDS

    total $52,336 · program services $52,336

  • 24d · Other expenses: STAFF DEVELOPMENT

    total $21,838 · program services $21,838

  • 24e · All other expenses

    total $32,026 · program services $23,025 · management and general $9,001

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $1,958,274 · end of year $382,146

  • 3 · Pledges and grants receivable

    beginning of year $1,082,925 · end of year $1,211,564

  • 9 · Prepaid expenses and deferred charges

    beginning of year $24,727 · end of year $42,440

  • 11 · Investments: publicly traded securities

    beginning of year $14,728,721 · end of year $18,989,322

  • 15 · Other assets

    beginning of year $480,492 · end of year $480,492

  • 17 · Accounts payable and accrued expenses

    beginning of year $228,415 · end of year $189,230

  • 27 · Net assets without donor restrictions

    beginning of year $4,567,339 · end of year $5,922,618

  • 28 · Net assets with donor restrictions

    beginning of year $13,479,385 · end of year $14,994,116

Mission and programs · 2023

Mission

THE CORPORATION IS ORGANIZED EXCLUSIVELY FOR SCIENTIFIC, LITERARY, CHARITABLE, EDUCATIONAL PURPOSES FOR THE BENEFIT OF THE UNIVERSITY OF THE DISTRICT OF COLUMBIA.

Activities or mission (Part I)

SEE PART III, LINE 1.

  • PROVIDED SCHOLARSHIPS, FELLOWSHIPS AND INTERNSHIPS SUPPORT TO STUDENTS AT THE UNIVERSITY OF THE DISTRICT OF COLUMBIA.

    Expenses $2,634,785 · Grants $1,166,020

As filed on the 2023 return.

Listed in Part VII

  • Maurice Edington

    DIRECTOR

    Total calculated
    $145,599
    From this org
    $0
    From related orgs
    $129,309
    Other
    $16,290
    Hours/week
    1 + 40 related
  • Douglas M Firstenberg

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1
  • Beverly J Burke

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1
  • Michael B Goldstein

    SECRETARY

    Total calculated
    $0
    Hours/week
    1
  • Troy A Lemaile-Stovall

    TREASURER

    Total calculated
    $0
    Hours/week
    1
  • Janice Adams

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Tshaka Cunningham

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Joseph M Perta

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Carolyn B Rudd

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Barrington D Scott I

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Judith F Terra

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Brandon Todd

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Rodney E Trapp

    EXECUTIVE SECRETARY

    Total calculated
    $176,370
    From this org
    $0
    From related orgs
    $155,094
    Other
    $21,276
    Hours/week
    25 + 20 related

    Schedule J breakdown matched by us

    Base
    $0 + $155,094 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $10,857 related
    Nontaxable benefits
    $0 + $10,419 related
    Filer's total
    $0 + $176,370 related

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

None.

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 3
ALL OF THE UDC FOUNDATION'S TOP MANAGEMENT OFFICIALS REPORT TO AND ARE EVALUATED BY THE PRESIDENT OF UDC, A RELATED ORGANIZATION.

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.

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.

  • THE UNIVERSITY OF THE DISTRICT OF COLUMBIA

    115 · URBAN LAND GRANT INSTITUTION · DC

Provenance

Return type
form_990
Tax year
2023
Filed
11 August 2025
IRS schema version
2023v6.0
Source object
202512239349301846

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