Totals
- Total revenue
- $20,052,761
- Total expenses
- $21,671,841
- Contributions and grants received
- $1,848,186
- Grants paid
- $0
- Program service revenue
- $16,520,307
- Investment income
- $0
- Other revenue
- $1,684,268
- Total assets, end of year
- $90,433,827
- Total liabilities, end of year
- $16,135,036
- Net assets or fund balances, end of year
- $74,298,791
- Program services expenses (Part IX)
- $18,537,133
- Management and general expenses
- $2,705,913
- Fundraising expenses
- $428,795
- Program service expenses (Part III)
- $18,537,133
Program services were 85.5% 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
$0
-
1b · Membership dues
$0
-
1c · Fundraising events
$0
-
1d · Related organizations
$0
-
1e · Government grants (contributions)
$0
-
1f · All other contributions, gifts and grants
$1,848,186
-
1g · Noncash contributions included above
$0
-
2a · Program service revenue: Tuition Fees
total $4,585,318 · related or exempt $4,585,318 · unrelated business $0 · excluded $0
-
2b · Program service revenue: Government Grants and Contracts
total $9,958,681 · related or exempt $9,958,681 · unrelated business $0 · excluded $0
-
2c · Program service revenue: Auxiliary Services
total $1,976,308 · related or exempt $1,976,308 · unrelated business $0 · excluded $0
-
2f · All other program service revenue
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
6c · Rental income or loss
real property $0 · personal property $0
-
7c · Gain or loss
securities $0 · other assets $0
-
8a · Fundraising events: contributions included on line 1c
$0
-
11a · Other revenue: Investment Income
total $314,098 · related or exempt $314,098 · unrelated business $0 · excluded $0
-
11b · Other revenue: Other Revenue
total $1,370,170 · related or exempt $1,370,170 · unrelated business $0 · excluded $0
-
11d · All other revenue
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
11e · Other revenue, total
$1,684,268
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $764,050 · program services $0 · management and general $764,050 · fundraising $0
-
7 · Other salaries and wages
total $6,181,126 · program services $4,814,524 · management and general $1,008,546 · fundraising $358,056
-
9 · Other employee benefits
total $1,504,212 · program services $1,046,712 · management and general $389,463 · fundraising $68,037
-
11f · Fees: investment management
total $93,800 · management and general $93,800
-
14 · Information technology
total $77,895 · program services $10,574 · management and general $65,357 · fundraising $1,964
-
17 · Travel
total $468,076 · program services $434,878 · management and general $32,460 · fundraising $738
-
20 · Interest
total $19,189 · program services $19,189 · management and general $0 · fundraising $0
-
22 · Depreciation, depletion and amortization
total $533,739 · program services $533,739 · management and general $0 · fundraising $0
-
23 · Insurance
total $507,109 · program services $507,109 · management and general $0 · fundraising $0
-
24a · Other expenses: Supplies and Equipment
total $256,305 · program services $256,305 · management and general $0 · fundraising $0
-
24b · Other expenses: Student Meal Cost
total $1,299,992 · program services $1,299,992 · management and general $0 · fundraising $0
-
24c · Other expenses: Student Aid
total $1,218,248 · program services $1,218,248 · management and general $0 · fundraising $0
-
24d · Other expenses: Student Services
total $2,291,425 · program services $2,291,425 · management and general $0 · fundraising $0
-
24e · All other expenses
total $6,456,675 · program services $6,104,438 · management and general $352,237 · fundraising $0
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $8,479,202 · end of year $7,754,315
-
3 · Pledges and grants receivable
beginning of year $622,477 · end of year $622,777
-
4 · Accounts receivable
beginning of year $3,956,585 · end of year $3,796,233
-
7 · Other notes and loans receivable
beginning of year $4,237,651 · end of year $6,344,489
-
8 · Inventories for sale or use
beginning of year $690,029 · end of year $306,202
-
9 · Prepaid expenses and deferred charges
beginning of year $143,690 · end of year $135,189
-
10a · Land, buildings and equipment: cost or other basis
$47,886,232
-
10b · Land, buildings and equipment: accumulated depreciation
$26,038,463
-
10c · Land, buildings and equipment, net
beginning of year $17,641,695 · end of year $21,847,769
-
12 · Investments: other securities
beginning of year $46,756,042 · end of year $49,233,439
-
15 · Other assets
beginning of year $393,414 · end of year $393,414
-
17 · Accounts payable and accrued expenses
beginning of year $628,352 · end of year $4,019,185
-
19 · Deferred revenue
beginning of year $11,038,539 · end of year $8,447,930
-
23 · Secured mortgages and notes payable
beginning of year $664,454 · end of year $602,882
-
25 · Other liabilities
beginning of year $1,878,401 · end of year $3,065,039
-
27 · Net assets without donor restrictions
beginning of year $51,536,064 · end of year $54,244,754
-
28 · Net assets with donor restrictions
beginning of year $17,174,975 · end of year $20,054,037
Mission and programs · 2022
Mission
To provide four year college degree
-
Private Four Year Historical Black College
Expenses $5,886,832 · Revenue $5,767,804
-
Post Secondary General Education Performance Grants and Contracts Ageements
Expenses $8,214,542 · Revenue $9,958,681
-
Post Secondary Education, Government and State Agencies For SEOG, FWS, FFEL, Title III and 137 Needs and Performances
Expenses $4,435,759 · Grants $377,452 · Revenue $4,813,211
As filed on the 2022 return.
Listed in Part VII
-
Dr Ivy R Taylor
President
- Total calculated
- $230,275
- From this org
- $230,275
- From related orgs
- $0
- Other
- $0
- Hours/week
- 50
Schedule J breakdown matched by us
- Base
- $230,275
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $0
- Filer's total
- $230,275
-
Mrs Willie Hughey
Vice President for Business Affairs/CFO
- Total calculated
- $150,000
- From this org
- $150,000
- From related orgs
- $0
- Other
- $0
- Hours/week
- 50
-
Rolundus R Rice
Vice President-Academics
- Total calculated
- $131,250
- From this org
- $131,250
- From related orgs
- $0
- Other
- $0
- Hours/week
- 50
-
Jason K Johnson
Vice President- Enrollment
- Total calculated
- $131,250
- From this org
- $131,250
- From related orgs
- $0
- Other
- $0
- Hours/week
- 50
-
Tiffani Perry
Chief Of Staff
- Total calculated
- $121,275
- From this org
- $121,275
- From related orgs
- $0
- Other
- $0
- Hours/week
- 50
-
George Holden
Treasurer
- Total calculated
- $0
- Hours/week
- 4
-
Dr Kimberly Bugg
Board Member
- Total calculated
- $0
- Hours/week
- 2
-
Larry Anderson
Board Member
- Total calculated
- $0
- Hours/week
- 2
-
Willie Beamon
Board Member
- Total calculated
- $0
- Hours/week
- 2
-
Erma Robinson-Cook
Board Member
- Total calculated
- $0
- Hours/week
- 2
-
Margaret Borgen
Secretary
- Total calculated
- $0
- Hours/week
- 2
-
Barkese M Dalton
Vice Chairman
- Total calculated
- $0
- Hours/week
- 5
-
Dr Darrell Ezell
Board Member
- Total calculated
- $0
- Hours/week
- 2
-
Dr Wesley E Jones
Board Member
- Total calculated
- $0
- Hours/week
- 2
-
Patricia Bruce Lowe
Board Member
- Total calculated
- $0
- Hours/week
- 2
-
Keithney Glass
Board Member
- Total calculated
- $0
- Hours/week
- 2
-
Waynell henson
Board Member
- Total calculated
- $0
- Hours/week
- 2
-
Kimberly Avery Wright
Board Member
- Total calculated
- $0
- Hours/week
- 2
-
Cecelia Wilson Sawyer
Chairman
- Total calculated
- $0
- Hours/week
- 4
-
Dr Deborah B Smith
Board Member
- Total calculated
- $0
- Hours/week
- 2
-
James E Swanson
Board Member
- Total calculated
- $0
- Hours/week
- 2
-
Jerry Young
Board Member
- Total calculated
- $0
- Hours/week
- 2
-
Rev Robert Ward
Board Member
- Total calculated
- $0
- Hours/week
- 2
-
Lauren Horton
Board Member
- Total calculated
- $0
- Hours/week
- 2
-
Betty Baptist Jones
Board Member
- Total calculated
- $0
- Hours/week
- 2
-
Andre Mathis
Board Member
- Total calculated
- $0
- Hours/week
- 2
-
Audrey Miller-Okhiria
Board Member
- Total calculated
- $0
- Hours/week
- 2
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
- 3 · 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
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
- 30 January 2024
- IRS schema version
- 2022v5.0
- Source object
- 202420759349301117
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