Totals
- Total revenue
- $20,853,235
- Total expenses
- $27,269,206
- Contributions and grants received
- $8,357,146
- Grants paid
- $151,222
- Program service revenue
- $10,482,747
- Investment income
- $0
- Other revenue
- $2,013,342
- Total assets, end of year
- $81,877,848
- Total liabilities, end of year
- $45,418,598
- Net assets or fund balances, end of year
- $36,459,250
- Program services expenses (Part IX)
- $23,513,264
- Management and general expenses
- $3,755,942
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $23,513,264
Program services were 86.2% 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)
$6,566,092
-
1f · All other contributions, gifts and grants
$1,791,054
-
2a · Program service revenue: Tuition and Fees
total $7,859,598 · unrelated business $0 · excluded $0
-
2b · Program service revenue: Sales and services of auxiliary enterprises
total $2,623,149 · unrelated business $0 · excluded $0
-
11a · Other revenue: Other Income
total $2,013,342 · related or exempt $2,013,342 · unrelated business $0 · excluded $0
-
11e · Other revenue, total
$2,013,342
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $151,222 · program services $151,222
-
5 · Compensation of officers, directors and key employees
total $619,547 · program services $619,547 · management and general $0 · fundraising $0
-
6 · Compensation of disqualified persons
total $12,165,739 · program services $12,165,739 · management and general $0 · fundraising $0
-
8 · Pension plan contributions
total $628,040 · program services $628,040 · management and general $0 · fundraising $0
-
9 · Other employee benefits
total $1,274,945 · program services $1,274,945 · management and general $0 · fundraising $0
-
10 · Payroll taxes
total $984,497 · program services $984,497 · management and general $0 · fundraising $0
-
11a · Fees: management
total $353,618 · program services $353,618 · management and general $0 · fundraising $0
-
13 · Office expenses
total $70,945 · program services $70,945 · management and general $0 · fundraising $0
-
17 · Travel
total $791,579 · program services $791,579 · management and general $0 · fundraising $0
-
20 · Interest
total $1,144,451 · program services $0 · management and general $1,144,451 · fundraising $0
-
22 · Depreciation, depletion and amortization
total $2,611,491 · program services $0 · management and general $2,611,491 · fundraising $0
-
23 · Insurance
total $977,648 · program services $977,648 · management and general $0 · fundraising $0
-
24a · Other expenses: Contractual services and consultants
total $1,517,374 · program services $1,517,374 · management and general $0 · fundraising $0
-
24b · Other expenses: Repairs and maintenance
total $763,906 · program services $763,906 · management and general $0 · fundraising $0
-
24c · Other expenses: Telephone Services
total $63,835 · program services $63,835 · management and general $0 · fundraising $0
-
24d · Other expenses: Utilities
total $872,248 · program services $872,248 · management and general $0 · fundraising $0
-
24e · All other expenses
total $2,278,121 · program services $2,278,121 · management and general $0 · fundraising $0
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $1,050,997 · end of year $692,994
-
4 · Accounts receivable
beginning of year $15,420,849 · end of year $13,406,467
-
7 · Other notes and loans receivable
beginning of year $3,860,203 · end of year $6,392,853
-
9 · Prepaid expenses and deferred charges
beginning of year $14,793 · end of year $807,818
-
10a · Land, buildings and equipment: cost or other basis
$96,885,064
-
10b · Land, buildings and equipment: accumulated depreciation
$61,500,123
-
10c · Land, buildings and equipment, net
beginning of year $37,997,106 · end of year $35,384,941
-
11 · Investments: publicly traded securities
beginning of year $13,219,025 · end of year $13,170,846
-
12 · Investments: other securities
beginning of year $10,962,829 · end of year $10,962,829
-
15 · Other assets
beginning of year $989,842 · end of year $1,059,100
-
17 · Accounts payable and accrued expenses
beginning of year $20,733,493 · end of year $25,898,119
-
19 · Deferred revenue
beginning of year $6,035,064 · end of year $407,081
-
23 · Secured mortgages and notes payable
beginning of year $11,680,150 · end of year $15,817,964
-
25 · Other liabilities
beginning of year $4,485,324 · end of year $3,295,434
-
27 · Net assets without donor restrictions
beginning of year $34,930,320 · end of year $28,122,152
-
28 · Net assets with donor restrictions
beginning of year $5,651,293 · end of year $8,337,098
Mission and programs · 2023
Mission
The mission of the University is to prepare students personally, socially, and intellectually to effectively function in a global and technological society.
-
The University is an institution of Higher Education and Provided instruction and various support service in schieving Its purpose.
Expenses $23,513,264 · Grants $20,702,013 · Revenue $151,222
As filed on the 2023 return.
Listed in Part VII
-
Mr Brian Boulware
Chairman
- Total calculated
- $0
- Hours/week
- 1
-
MrHadley Evans Jr
Vice Chairman
- Total calculated
- $0
- Hours/week
- 1
-
Mr Joseph Joe Lynn
Secretary
- Total calculated
- $0
- Hours/week
- 1
-
Mr Joseph Chesire V Esq
Member
- Total calculated
- $0
- Hours/week
- 1
-
Ms Marley Bollinger
Member
- Total calculated
- $0
- Hours/week
- 1
-
Mr Kenneth Barnes
Member
- Total calculated
- $0
- Hours/week
- 1
-
Dr Leon D Caldwell
Member
- Total calculated
- $0
- Hours/week
- 1
-
Mr Charles Elliot
Member
- Total calculated
- $0
- Hours/week
- 1
-
Ms Sophie Gibson
Member
- Total calculated
- $0
- Hours/week
- 1
-
Dr Antonio Tony Knox
Member
- Total calculated
- $0
- Hours/week
- 1
-
Bishop Diocesan Samuel Rodman
Member
- Total calculated
- $0
- Hours/week
- 1
-
Mr Henry Delve Debnam
Member
- Total calculated
- $0
- Hours/week
- 1
-
The Honorable Justice James EC Perr
Member
- Total calculated
- $0
- Hours/week
- 1
-
Christian McPhail
President
- Total calculated
- $284,267
- From this org
- $284,267
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $284,267
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $0
- Filer's total
- $284,267
-
Leslie Rodriquez-McClellon
Staff
- Total calculated
- $166,495
- From this org
- $166,495
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $166,495
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $0
- Filer's total
- $166,495
-
Gwendolyn Kea
Staff
- Total calculated
- $168,785
- From this org
- $168,785
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $168,785
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $0
- Filer's total
- $168,785
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
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
- 2023
- Filed
- 19 November 2024
- IRS schema version
- 2023v5.1
- Source object
- 202423519349300017
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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