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Nonprofiteer
← COPPIN STATE COLLEGE DEVELOPMENT FOUNDATION INC

Form 990 for tax year 2022

Filed by COPPIN STATE COLLEGE DEVELOPMENT FOUNDATION INC.

Totals

Total revenue
$6,095,573
Total expenses
$2,991,797
Contributions and grants received
$5,612,695
Grants paid
$0
Program service revenue
$0
Investment income
$550,550
Other revenue
-$67,672
Total assets, end of year
$21,954,131
Total liabilities, end of year
$1,093,791
Net assets or fund balances, end of year
$20,860,340
Program services expenses (Part IX)
$2,196,052
Management and general expenses
$795,745
Fundraising expenses
$0
Program service expenses (Part III)
$2,196,052

Program services were 73.4% 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.

  • 1c · Fundraising events

    $392,341

  • 1e · Government grants (contributions)

    $5,220,354

  • 3 · Investment income

    total $550,550 · related or exempt $550,550

  • 8a · Fundraising events: gross income

    $110,840

  • 8a · Fundraising events: contributions included on line 1c

    $392,341

  • 8b · Fundraising events: direct expenses

    $224,182

  • 8c · Net income from fundraising events

    total -$113,342 · excluded -$113,342

  • 11a · Other revenue: OTHER INCOME

    total $45,670 · related or exempt $45,670

  • 11e · Other revenue, total

    $45,670

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $227,173 · program services $39,774 · management and general $187,399

  • 9 · Other employee benefits

    total $38,337 · management and general $38,337

  • 10 · Payroll taxes

    total $14,582 · management and general $14,582

  • 11f · Fees: investment management

    total $124,855 · program services $124,855

  • 11g · Fees: other

    total $439,677 · program services $258,160 · management and general $181,517

  • 12 · Advertising and promotion

    total $16,709 · program services $1,438 · management and general $15,271

  • 13 · Office expenses

    total $117,993 · program services $77,436 · management and general $40,557

  • 14 · Information technology

    total $27,622 · program services $23,719 · management and general $3,903

  • 17 · Travel

    total $114,849 · program services $45,145 · management and general $69,704

  • 20 · Interest

    total $9,537 · program services $576 · management and general $8,961

  • 23 · Insurance

    total $4,510 · management and general $4,510

  • 24a · Other expenses: SCHOLARSHIP & AWARDS

    total $1,089,478 · program services $1,089,478

  • 24b · Other expenses: MEETINGS AND CONFERENCE

    total $514,381 · program services $288,317 · management and general $226,064

  • 24c · Other expenses: BAD DEBT

    total $204,140 · program services $204,140

  • 24d · Other expenses: POSTAGE

    total $885 · program services $110 · management and general $775

  • 24e · All other expenses

    total $47,069 · program services $42,904 · management and general $4,165

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $4,257,268 · end of year $6,758,849

  • 3 · Pledges and grants receivable

    beginning of year $490,038 · end of year $2,092,650

  • 4 · Accounts receivable

    beginning of year $861,504 · end of year $586,373

  • 9 · Prepaid expenses and deferred charges

    beginning of year $5,831 · end of year $2,643

  • 12 · Investments: other securities

    beginning of year $11,948,411 · end of year $12,378,711

  • 15 · Other assets

    beginning of year $0 · end of year $134,905

  • 17 · Accounts payable and accrued expenses

    beginning of year $71,775 · end of year $958,886

  • 25 · Other liabilities

    beginning of year $64,540 · end of year $134,905

  • 27 · Net assets without donor restrictions

    beginning of year $17,426,737 · end of year $20,860,340

Mission and programs · 2022

Mission

FINANCIAL ASSISTANCE TO COPPIN STATE UNIVERSITY (CSU) STUDENTS.

Activities or mission (Part I)

SCHOLARSHIPS - TO PROVIDE FINANCIAL SUPPORT FOR STUDENTS ATTENDING COPPIN STATE UNIVERSITY

  • OTHER PROGRAMS THAT SUPPORT THE MISSION OF THE COPPIN STATE UNIVERSITY DEVELOPMENT FOUNDATION.

    Expenses $2,196,052

  • SCHOLARSHIPS TO PROVIDE FINANCIAL ASSISTANCE TO CSU STUDENTS.

As filed on the 2022 return.

Listed in Part VII

  • Deborahbragg

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5

  • Jemalgriffin

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5

  • Sean Malone

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5

  • Kimberlyyrobinson

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5

  • Drsadiergregory

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5

  • Patriciamurray Newby

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5

  • Johnwalters

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5

  • Sonia Suber

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5

  • Edward Walters

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5

  • Aliciaritchieesq

    CHAIR

    Total calculated
    $0
    Hours/week
    5

  • Stephenhjohnsonesq

    SECRETARY

    Total calculated
    $0
    Hours/week
    5

  • Olympia Scatliffe

    TREASURER

    Total calculated
    $0
    Hours/week
    5

  • Joshua Humbert

    VP INST. ADV./EXEC. DIR.

    Total calculated
    $274,500
    From this org
    $0
    From related orgs
    $274,500
    Other
    $0
    Hours/week
    20

    Schedule J breakdown matched by us

    Base
    $0 + $233,035 related
    Bonus
    $0
    Other
    $0 + $41,465 related
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $274,500 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

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
15 May 2024
IRS schema version
2022v5.0
Source object
202421369349312212

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