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Nonprofiteer
← MILES COLLEGE

Form 990 for tax year 2023

Filed by MILES COLLEGE.

Totals

Total revenue
$33,297,349
Total expenses
$32,921,857
Contributions and grants received
$9,910,557
Grants paid
$4,027,093
Program service revenue
$22,584,720
Investment income
$0
Other revenue
$802,072
Total assets, end of year
$99,847,388
Total liabilities, end of year
$18,718,069
Net assets or fund balances, end of year
$81,129,319
Program services expenses (Part IX)
$25,081,496
Management and general expenses
$7,506,742
Fundraising expenses
$333,619
Program service expenses (Part III)
$25,081,496

Program services were 76.2% 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)

    $4,850,584

  • 1f · All other contributions, gifts and grants

    $5,059,973

  • 2a · Program service revenue: Tuition and Fees

    total $17,753,836 · related or exempt $17,753,836

  • 2b · Program service revenue: Sales and Services of Auxiliary Enterprises

    total $4,830,884 · related or exempt $4,830,884

  • 11a · Other revenue: Other Income

    total $802,072 · related or exempt $802,072

  • 11e · Other revenue, total

    $802,072

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $0

  • 2 · Grants to domestic individuals

    total $4,027,093 · program services $4,027,093

  • 3 · Grants to foreign organizations and individuals

    total $0

  • 4 · Benefits paid to or for members

    total $0

  • 5 · Compensation of officers, directors and key employees

    total $1,453,888 · management and general $1,453,888

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $0

  • 8 · Pension plan contributions

    total $0

  • 9 · Other employee benefits

    total $0

  • 10 · Payroll taxes

    total $0

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $0

  • 11c · Fees: accounting

    total $0

  • 11d · Fees: lobbying

    total $0

  • 11f · Fees: investment management

    total $0

  • 11g · Fees: other

    total $0

  • 12 · Advertising and promotion

    total $0

  • 13 · Office expenses

    total $0

  • 14 · Information technology

    total $0

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $0

  • 17 · Travel

    total $0

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $0

  • 20 · Interest

    total $0

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $0

  • 23 · Insurance

    total $0

  • 24a · Other expenses: Instruction

    total $5,525,373 · program services $5,525,373

  • 24b · Other expenses: Academic Support/ Public Service

    total $2,225,433 · program services $1,710,001 · management and general $515,432

  • 24c · Other expenses: Student Services

    total $8,879,960 · program services $8,879,960

  • 24d · Other expenses: Institutional Support

    total $7,763,880 · program services $1,892,839 · management and general $5,537,422 · fundraising $333,619

  • 24e · All other expenses

    total $3,046,230 · program services $3,046,230

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $5,825,641 · end of year $3,482,919

  • 3 · Pledges and grants receivable

    beginning of year $2,670,278 · end of year $3,849,925

  • 4 · Accounts receivable

    beginning of year $1,242,986 · end of year $2,818,211

  • 8 · Inventories for sale or use

    beginning of year $25,593

  • 10a · Land, buildings and equipment: cost or other basis

    $118,892,768

  • 10b · Land, buildings and equipment: accumulated depreciation

    $59,537,693

  • 10c · Land, buildings and equipment, net

    beginning of year $60,638,851 · end of year $59,355,075

  • 11 · Investments: publicly traded securities

    beginning of year $27,539,914 · end of year $30,341,258

  • 17 · Accounts payable and accrued expenses

    beginning of year $2,229,395 · end of year $1,728,560

  • 19 · Deferred revenue

    beginning of year $1,118,508 · end of year $1,371,907

  • 20 · Tax-exempt bond liabilities

    beginning of year $13,033,762 · end of year $12,407,318

  • 24 · Unsecured notes and loans payable

    beginning of year $2,586,931 · end of year $2,430,227

  • 25 · Other liabilities

    beginning of year $1,022,189 · end of year $780,057

  • 27 · Net assets without donor restrictions

    beginning of year $74,069,813 · end of year $77,106,587

  • 28 · Net assets with donor restrictions

    beginning of year $3,882,665 · end of year $4,022,732

Mission and programs · 2023

Mission

To motivate and direct its students to seek holistic development that leads to intellectual, ethical, spiritual, and service-oriented lives.

Activities or mission (Part I)

The mission of the College is to prepare students personally, socially and intellectually to effectively function in a changing global society.

  • To sustain a learning community in which students can prepare academically, socially, and spiritually for leadership in a complex, diverse and rapidly changing world.

    Expenses $22,035,266 · Grants $4,027,093 · Revenue $17,753,836

  • Auxiliary enterprises support the Colleges mission of providing quality educational opportunities. These services include, but are not limited to food service, campus housing, campus post office, vending, campus stores and athletics.

    Expenses $3,046,230 · Revenue $4,830,884

As filed on the 2023 return.

Listed in Part VII

  • Dr Bobbie Knight

    President

    Total calculated
    $216,300
    From this org
    $216,300
    From related orgs
    $0
    Other
    $0
    Hours/week
    40 + 1 related

    Schedule J breakdown matched by us

    Base
    $216,300
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    $216,300

  • Ms Diana Knighton

    CFO/Senior Vice President of Finance and Administration

    Total calculated
    $195,691
    From this org
    $186,375
    From related orgs
    $0
    Other
    $9,316
    Hours/week
    40 + 1 related

    Schedule J breakdown matched by us

    Base
    $186,375
    Bonus
    not reported
    Other
    not reported
    Deferred
    $9,316
    Nontaxable benefits
    not reported
    Filer's total
    $195,691

  • Mr Freddrell Watson

    Head Basketball Coach/Athletic Director

    Total calculated
    $180,000
    From this org
    $180,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    40 + 1 related

    Schedule J breakdown matched by us

    Base
    $180,000
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    $180,000

  • Mr Samuel Shade

    Head Football Coach

    Total calculated
    $150,000
    From this org
    $150,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    40 + 1 related

  • Dr Jarralynee Agee

    Vice President of Strategic Initiatives

    Total calculated
    $147,000
    From this org
    $147,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    40 + 1 related

  • Ms Anthonia Adadevoh

    Vice President of Institutional Research and Effectiveness

    Total calculated
    $126,000
    From this org
    $126,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    40 + 1 related

  • Mr Steven Hairston

    Vice President for Institutional Advancement

    Total calculated
    $96,433
    From this org
    $96,433
    From related orgs
    $0
    Other
    $0
    Hours/week
    40 + 1 related

  • Ms Tonya Perry

    Provost

    Total calculated
    $96,000
    From this org
    $96,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    40 + 1 related

  • Mr Charles Stallworth

    Vice President of Enrollment Management

    Total calculated
    $89,214
    From this org
    $89,214
    From related orgs
    $0
    Other
    $0
    Hours/week
    40 + 1 related

  • Mr Leon Parker

    Vice President of Student Affairs

    Total calculated
    $80,000
    From this org
    $80,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    40 + 1 related

  • Mr Kenneth Coachman

    Chief of Staff

    Total calculated
    $77,250
    From this org
    $77,250
    From related orgs
    $0
    Other
    $0
    Hours/week
    40 + 1 related

  • Bishop Clarence K Heath

    Chairperson

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Mr Travis Posley

    Trustee

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Mr Houston Smith

    Trustee

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Dr Faith A Allen

    Secretary

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Ms Gwen Amamoo

    Trustee

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Mr Gregory A Cade

    Trustee

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Mrs Lajuana S Bradford

    Trustee

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Mr Robert Kelly

    Trustee

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Attorney William M Pompey

    Trustee

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Ms Erika Liles

    Trustee

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Dr Mattie D Thomas

    Trustee

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Mr Lamell McMorris

    Trustee

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Dr James B Walker

    Trustee

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Dr Sylvester Williams Sr

    Vice Chairperson

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Ms Geraldine Williamson

    Trustee

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Ms Eddgra Fallin

    Trustee

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Mr Charlie Waldrep

    Trustee

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Mr William Armstead

    Trustee

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Rev Dr Tyrone Davis

    Trustee

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Ms Nefretiria Williams

    Trustee

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Dr Tommy L Lee

    Trustee

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Dr Bernard Kincaid

    Trustee

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Dr Charles Woods

    Trustee

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Mr James Fields IV

    Trustee

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Mr David Germany

    Trustee

    Total calculated
    $0
    Hours/week
    1 + 1 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

  • 2 · Substantiation required before reimbursing expenses
  • 3 · Written employment contract
  • 3 · Approval by the board or 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.

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.

Provenance

Return type
form_990
Tax year
2023
Filed
15 May 2025
IRS schema version
2023v6.0
Source object
202541359349316394

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