Totals
- Total revenue
- $16,866,853
- Total expenses
- $17,340,265
- Contributions and grants received
- $9,290,144
- Grants paid
- $3,415,443
- Program service revenue
- $6,680,292
- Investment income
- $719,494
- Other revenue
- $176,923
- Total assets, end of year
- $44,536,832
- Total liabilities, end of year
- $13,111,367
- Net assets or fund balances, end of year
- $31,425,465
- Program services expenses (Part IX)
- $15,049,173
- Management and general expenses
- $2,291,092
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $15,049,173
Program services were 86.8% 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)
$5,770,222
-
1f · All other contributions, gifts and grants
$3,519,922
-
2a · Program service revenue: TUITION AND FEES
total $4,049,517 · unrelated business $0 · excluded $0
-
2b · Program service revenue: Auxilliary Sales and Services
total $2,630,775 · unrelated business $0 · excluded $0
-
3 · Investment income
total $719,494 · unrelated business $0 · excluded $0
-
11a · Other revenue: Other income
total $176,923 · related or exempt $176,923 · unrelated business $0 · excluded $0
-
11d · All other revenue
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
11e · Other revenue, total
$176,923
Functional expenses
Part IX, the statement of functional expenses.
-
2 · Grants to domestic individuals
total $3,415,443 · program services $3,415,443
-
5 · Compensation of officers, directors and key employees
total $1,028,000 · program services $1,028,000 · management and general $0 · fundraising $0
-
7 · Other salaries and wages
total $4,531,849 · program services $4,531,849 · management and general $0 · fundraising $0
-
9 · Other employee benefits
total $664,719 · program services $664,719 · management and general $0 · fundraising $0
-
10 · Payroll taxes
total $499,941 · program services $499,941 · management and general $0 · fundraising $0
-
11a · Fees: management
total $209,970 · program services $0 · management and general $209,970 · fundraising $0
-
11b · Fees: legal
total $49,214 · program services $0 · management and general $49,214 · fundraising $0
-
11c · Fees: accounting
total $129,381 · program services $0 · management and general $129,381 · fundraising $0
-
12 · Advertising and promotion
total $322,311 · program services $322,311 · management and general $0 · fundraising $0
-
17 · Travel
total $93,961 · program services $93,961 · management and general $0 · fundraising $0
-
22 · Depreciation, depletion and amortization
total $1,902,527 · program services $0 · management and general $1,902,527 · fundraising $0
-
24a · Other expenses: Operations and maintenance
total $2,355,772 · program services $2,355,772 · management and general $0 · fundraising $0
-
24b · Other expenses: Auxiliary Services
total $2,728,829 · program services $2,728,829 · management and general $0 · fundraising $0
-
24c · Other expenses: Capital and related costs
total -$591,652 · program services -$591,652 · management and general $0 · fundraising $0
-
24d · Other expenses
total $0 · program services $0 · management and general $0 · fundraising $0
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $2,011,163 · end of year $1,378,756
-
3 · Pledges and grants receivable
beginning of year $2,596,070 · end of year $3,981,269
-
4 · Accounts receivable
beginning of year $1,137,786 · end of year $797,116
-
9 · Prepaid expenses and deferred charges
end of year $88,262
-
10a · Land, buildings and equipment: cost or other basis
$40,207,424
-
10b · Land, buildings and equipment: accumulated depreciation
$25,209,536
-
10c · Land, buildings and equipment, net
beginning of year $14,903,519 · end of year $14,997,888
-
11 · Investments: publicly traded securities
beginning of year $4,180,517 · end of year $4,507,005
-
12 · Investments: other securities
beginning of year $3,182,837 · end of year $3,447,467
-
15 · Other assets
beginning of year $15,345,045 · end of year $15,339,069
-
17 · Accounts payable and accrued expenses
beginning of year $2,456,623 · end of year $3,727,665
-
23 · Secured mortgages and notes payable
beginning of year $8,971,437 · end of year $9,383,702
-
25 · Other liabilities
beginning of year $30,000 · end of year $0
-
27 · Net assets without donor restrictions
beginning of year $24,235,622 · end of year $24,133,221
-
28 · Net assets with donor restrictions
beginning of year $7,663,255 · end of year $7,292,244
Mission and programs · 2022
Mission
Paul Quinn College ia a private faith-based liberal arts inspired institution of higher education. We provide a quality, faith based education that addresses the academic, social, and Christian development of students and prepares them to be servant leaders and agents of change in their communities.
-
Instructional Services - This program service or function includes expenses for formally organized and/ or separate budgeted instructional activities that are carried out during the academic year and offered for credit as part of a formal post-secondary education degree or certificate program.
Expenses $3,214,460
-
Academic Support. This program service function includes those funds expended primarily to provide support services for the institution's primary mission: instruction , research, and public service.
Expenses $3,537,165
-
Institutional Support- This program service or function include expenditures that provide activities whose purpose is general operational support of the institution.
Expenses $2,037,686
-
Student Support Services and Auxilliary Enterprises This function shall include funds expended for all those activities whose primary purpose is to contribute to the physical, social, and cultural welfare of the students, faculty, staff, other institutional departments.
Expenses $6,259,862
As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Michael SorrellMICHAEL SORRELL
PRESIDENT
- Total calculated
- $400,000
- From this org
- $400,000
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $0 + $400,000 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $0
- Filer's total
- $0 + $400,000 related
-
Bishop Adam Jefferson Richardson
Executive Committee Chair
- Total calculated
- $0
- Hours/week
- 1
-
Don JClevenger Esq
Vice Chairman
- Total calculated
- $0
- Hours/week
- 1
-
Cherry Bogess
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
William Brewer
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Bess Carpenter Dunner
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Sharyn D Ellison
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Tamara Fields
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Mary beth Gasman
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Rev Dr Frederick D Haynes III
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Matthew Hildreth
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Pastor Dwayne Hysmith Sr
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Rev George Johnson Jr
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Tanya E Sanders
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Edwin Smith
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
David Stephens
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Rev Dr Juan N Tolliver
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Hiawatha Williams
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Rev Dr Mark Washington
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Ramona Suggs-Winrow
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Grant Kizuwanda
VP of institutional programs
- Total calculated
- $173,000
- From this org
- $173,000
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $0 + $173,000 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $0
- Filer's total
- $0 + $173,000 related
-
Esmieu Paola
Chief of Staff
- Total calculated
- $150,000
- From this org
- $150,000
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
Esmieu Paola
Faculty
- Total calculated
- $155,000
- From this org
- $155,000
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
Brian Evans
Vice President of Athletics
- Total calculated
- $150,000
- From this org
- $150,000
- From related orgs
- $0
- Other
- $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. 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
Itemized on Schedule J with no Part VII listing of the same name on this return:
-
Esmieu Paola
Schedule J breakdown
- Base
- $0 + $155,000 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $0
- Filer's total
- $0 + $155,000 related
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
- 2022
- Filed
- 14 May 2024
- IRS schema version
- 2022v5.0
- Source object
- 202401369349314910
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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