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Nonprofiteer
← STILLMAN COLLEGE

Form 990 for tax year 2022

Filed by STILLMAN COLLEGE.

Totals

Total revenue
$23,318,512
Total expenses
$23,893,021
Contributions and grants received
$12,591,210
Grants paid
$1,997,499
Program service revenue
$9,840,793
Investment income
$874,444
Other revenue
$12,065
Total assets, end of year
$66,721,942
Total liabilities, end of year
$5,703,371
Net assets or fund balances, end of year
$61,018,571
Program services expenses (Part IX)
$22,741,867
Management and general expenses
$1,151,154
Fundraising expenses
$0
Program service expenses (Part III)
$22,741,867

Program services were 95.2% 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)

    $10,139,025

  • 1f · All other contributions, gifts and grants

    $2,452,185

  • 2a · Program service revenue: Tuition and Fees

    total $8,205,392 · unrelated business $0 · excluded $0

  • 2b · Program service revenue: Sales and services of auxiliary enterprises

    total $1,635,401 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $874,444 · unrelated business $0 · excluded $0

  • 11d · All other revenue

    total $12,065 · related or exempt $12,065 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $12,065

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $1,997,499 · program services $1,997,499

  • 5 · Compensation of officers, directors and key employees

    total $777,529 · program services $777,529 · management and general $0 · fundraising $0

  • 7 · Other salaries and wages

    total $8,418,591 · program services $8,418,591 · management and general $0 · fundraising $0

  • 22 · Depreciation, depletion and amortization

    total $1,151,154 · program services $0 · management and general $1,151,154 · fundraising $0

  • 24a · Other expenses: Operation and Maintenance of Plant

    total $4,979,591 · program services $4,979,591 · management and general $0 · fundraising $0

  • 24b · Other expenses: Services and Other

    total $6,568,657 · program services $6,568,657 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,190,340 · end of year $1,818,423

  • 3 · Pledges and grants receivable

    beginning of year $947,981 · end of year $206,466

  • 4 · Accounts receivable

    beginning of year $4,688,343 · end of year $4,852,077

  • 9 · Prepaid expenses and deferred charges

    beginning of year $18,171 · end of year $0

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

    $87,180,833

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

    $46,499,993

  • 10c · Land, buildings and equipment, net

    beginning of year $40,191,195 · end of year $40,680,840

  • 11 · Investments: publicly traded securities

    beginning of year $6,459,793 · end of year $5,389,783

  • 12 · Investments: other securities

    beginning of year $13,379,730 · end of year $13,774,353

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,346,965 · end of year $1,501,728

  • 23 · Secured mortgages and notes payable

    beginning of year $3,935,518 · end of year $4,201,643

  • 25 · Other liabilities

    beginning of year $0 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $43,745,143 · end of year $43,170,644

  • 28 · Net assets with donor restrictions

    beginning of year $17,847,927 · end of year $17,847,927

Mission and programs · 2022

Mission

The College is a liberal arts Institution committed to fostering academic excellence and to providing high quality educational opportunity

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

    Expenses $21,306,608 · Revenue $10,139,025

  • Auxiliary enterprises support the College's 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 $1,435,259 · Revenue $1,635,401

As filed on the 2022 return.

Listed in Part VII

  • Mr Donald Comer

    Chair

    Total calculated
    $0
    Hours/week
    1

  • Ms Theresa Spralling

    Vice Chair

    Total calculated
    $0
    Hours/week
    1

  • Mr Joseph Joe Hampton

    Secretary

    Total calculated
    $0
    Hours/week
    1

  • Rev Michael R Bailey

    Member

    Total calculated
    $0
    Hours/week
    1

  • Mr Artis Brown

    Member

    Total calculated
    $0
    Hours/week
    1

  • Dr Jean Accius

    Member

    Total calculated
    $0
    Hours/week
    1

  • Dr James Anderson

    Member

    Total calculated
    $0
    Hours/week
    1

  • Ms Janet Bashen

    Member

    Total calculated
    $0
    Hours/week
    1

  • Attorney Katie Britt

    Member

    Total calculated
    $0
    Hours/week
    1

  • Mr Taroue Brooks

    Member

    Total calculated
    $0
    Hours/week
    1

  • Ms Tamie Jackson-Buckner

    Member

    Total calculated
    $0
    Hours/week
    1

  • Mrs Leslie Coleman

    Member

    Total calculated
    $0
    Hours/week
    1

  • Dearieste CurryEsquire

    Member

    Total calculated
    $0
    Hours/week
    1

  • Attorney Ronald Falls Jr

    Member

    Total calculated
    $0
    Hours/week
    1

  • Attorney Gerry L Hargove

    Member

    Total calculated
    $0
    Hours/week
    1

  • Rev Brian C Henderson

    Member

    Total calculated
    $0
    Hours/week
    1

  • Major Victor F Hogan

    Member

    Total calculated
    $0
    Hours/week
    1

  • Mr Jim Koon

    Member

    Total calculated
    $0
    Hours/week
    1

  • Mr Alex McCrary

    Member

    Total calculated
    $0
    Hours/week
    1

  • Mr Mark C McKinley

    Member

    Total calculated
    $0
    Hours/week
    1

  • Dr Albert Morris Jr

    Member

    Total calculated
    $0
    Hours/week
    1

  • Mrs Melissa Bishop-Murphy

    Member

    Total calculated
    $0
    Hours/week
    1

  • Dr Samory Pruitt

    Member

    Total calculated
    $0
    Hours/week
    1

  • Terry Saban

    Member

    Total calculated
    $0
    Hours/week
    1

  • Ms Sheila Smith

    Member

    Total calculated
    $0
    Hours/week
    1

  • Lt Gen Willie Williams Ret

    Member

    Total calculated
    $0
    Hours/week
    1

  • Dr Cynthia Warrick

    President

    Total calculated
    $278,046
    From this org
    $278,046
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $0 + $278,046 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $278,046 related

  • Derrick C Gilmore

    Executive Vice President

    Total calculated
    $128,000
    From this org
    $128,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Clifford Mccormick

    Provost

    Total calculated
    $125,000
    From this org
    $125,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Chavis Paulk

    VP Admin and Finance

    Total calculated
    $126,483
    From this org
    $126,483
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Rasheda Workman

    VP of Strategic Initiatives

    Total calculated
    $120,000
    From this org
    $120,000
    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

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
12 May 2024
IRS schema version
2022v5.0
Source object
202401369349314135

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