Totals
- Total revenue
- $36,885,380
- Total expenses
- $39,114,238
- Contributions and grants received
- $25,049,827
- Grants paid
- $2,299,579
- Program service revenue
- $9,633,172
- Investment income
- $1,316,262
- Other revenue
- $886,119
- Total assets, end of year
- $35,714,358
- Total liabilities, end of year
- $4,017,408
- Net assets or fund balances, end of year
- $31,696,950
- Program services expenses (Part IX)
- $25,792,722
- Management and general expenses
- $13,321,516
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $36,814,659
Program services were 65.9% 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)
$22,754,969
-
1f · All other contributions, gifts and grants
$2,294,858
-
2a · Program service revenue: Tuition and Fees
total $7,181,412
-
2b · Program service revenue: Auxillary enterprises
total $2,451,760
-
3 · Investment income
total $1,316,262
-
11a · Other revenue: Adjustment of Pension Liability
total $246,372
-
11b · Other revenue: Other
total $639,747
-
11e · Other revenue, total
$886,119
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $0
-
2 · Grants to domestic individuals
total $2,299,579 · program services $2,299,579
-
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 $0
-
6 · Compensation of disqualified persons
total $9,476,114 · program services $6,406,454 · management and general $3,069,660
-
7 · Other salaries and wages
total $1,065,912 · program services $1,028,462 · management and general $37,450
-
8 · Pension plan contributions
total $0
-
9 · Other employee benefits
total $1,541,770 · program services $1,012,424 · management and general $529,346
-
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 $14,232,109 · program services $11,340,240 · management and general $2,891,869
-
12 · Advertising and promotion
total $0
-
13 · Office expenses
total $1,027,039 · program services $549,231 · management and general $477,808
-
14 · Information technology
total $0
-
15 · Royalties
total $0
-
16 · Occupancy
total $832,600 · management and general $832,600
-
17 · Travel
total $1,462,626 · program services $1,311,126 · management and general $151,500
-
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 $1,536,890 · program services $866,806 · management and general $670,084
-
23 · Insurance
total $368,707 · management and general $368,707
-
24a · Other expenses: Credit Loss Expense
total $897,003 · management and general $897,003
-
24b · Other expenses: Other
total $3,185,090 · program services $978,400 · management and general $2,206,690
-
24c · Other expenses: Food Service
total $1,188,799 · management and general $1,188,799
-
24e · All other expenses
total $0
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $3,313,207 · end of year $1,775,683
-
4 · Accounts receivable
beginning of year $2,880,808 · end of year $2,338,367
-
9 · Prepaid expenses and deferred charges
beginning of year $78,435 · end of year $78,435
-
10a · Land, buildings and equipment: cost or other basis
$49,373,263
-
10b · Land, buildings and equipment: accumulated depreciation
$30,537,481
-
10c · Land, buildings and equipment, net
beginning of year $19,243,916 · end of year $18,835,782
-
11 · Investments: publicly traded securities
beginning of year $10,526,987 · end of year $11,853,170
-
15 · Other assets
beginning of year $547,267 · end of year $832,921
-
17 · Accounts payable and accrued expenses
beginning of year $1,030,908 · end of year $2,295,681
-
19 · Deferred revenue
beginning of year $1,633,904 · end of year $1,721,727
-
27 · Net assets without donor restrictions
beginning of year $27,177,184 · end of year $24,970,711
-
28 · Net assets with donor restrictions
beginning of year $6,748,624 · end of year $6,726,239
-
31 · Retained earnings, endowment or other funds
beginning of year -$334,044
Mission and programs · 2024
Mission
To operate a teaching facility and provide higher education opportunities to interested and eligible individuals.
-
Instructional - Expenses for academic instructional departments of the University.
Expenses $20,028,766
-
Institutional - Expenses to support the institutions general operating activities.
Expenses $7,975,393
-
Student Services -programs, departments, and activities that support students outside the classroom. Their purpose is to promote student success, retention, graduation, and overall well-being. These include Academic Support, Student Affairs, Career Services, Counseling Wellness, Health Services, Financial Aid and Enrollment Services, etc.
Expenses $2,722,841
As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Ronnie Hopkins
VP of Academic Affairs
- Total calculated
- $188,370
- From this org
- $188,370
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $188,370
- Bonus
- not reported
- Other
- not reported
- Deferred
- not reported
- Nontaxable benefits
- not reported
- Filer's total
- $188,370
-
Dr Damara Hightower-Mitchel
Provost and Founding Executive Director
- Total calculated
- $166,238
- From this org
- $166,238
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $166,238
- Bonus
- not reported
- Other
- not reported
- Deferred
- not reported
- Nontaxable benefits
- not reported
- Filer's total
- $166,238
-
Tondelya Green-Jackson
Director Center for Excellence
- Total calculated
- $105,788
- From this org
- $105,788
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
Traci Young Cooper
Trustee
- Total calculated
- $0
- Hours/week
- 5
-
Sam Davis
Trustee
- Total calculated
- $0
- Hours/week
- 5
-
Robert Dodd
Trustee
- Total calculated
- $0
- Hours/week
- 5
-
James Gardner
Trustee
- Total calculated
- $0
- Hours/week
- 5
-
Robert Hymes
Trustee
- Total calculated
- $0
- Hours/week
- 5
-
Alfonso Lamback Sr
Trustee
- Total calculated
- $0
- Hours/week
- 5
-
Dan Martin
Trustee
- Total calculated
- $0
- Hours/week
- 5
-
Vincent McNeil
Trustee
- Total calculated
- $0
- Hours/week
- 5
-
Michelle Meekins
Trustee
- Total calculated
- $0
- Hours/week
- 5
-
Dane Murray
Trustee
- Total calculated
- $0
- Hours/week
- 5
-
Daraka Satcher
Trustee
- Total calculated
- $0
- Hours/week
- 5
-
Robert Satcher
Trustee
- Total calculated
- $0
- Hours/week
- 5
-
John Scott
Trustee
- Total calculated
- $0
- Hours/week
- 5
-
Leah Taylor
Trustee
- Total calculated
- $0
- Hours/week
- 5
-
Kwuaka Temeng
Trustee
- Total calculated
- $0
- Hours/week
- 5
-
Andrew Waldo
Trustee
- Total calculated
- $0
- Hours/week
- 5
-
Gladstone Adams III
Trustee
- Total calculated
- $0
- Hours/week
- 5
-
Tywana L Chenault
Trustee
- Total calculated
- $0
- Hours/week
- 5
-
Fulton Porter III
Trustee
- Total calculated
- $0
- Hours/week
- 5
-
James H Williams
Trustee
- Total calculated
- $0
- Hours/week
- 5
-
Jaalan Williams-Butler
Trustee
- Total calculated
- $0
- Hours/week
- 5
-
V Diane O'Berry
VP of Fiscal and Business Affairs
- Total calculated
- $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
- 1a · Housing allowance or residence for personal use
- 1b · Written policy on the line-1a expenses
- 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.
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 12 August 2026
- IRS schema version
- 2024v5.2
- Source object
- 202632249349301818
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