Totals
- Total revenue
- $69,692,337
- Total expenses
- $65,404,239
- Contributions and grants received
- $23,288,369
- Grants paid
- $15,311,739
- Program service revenue
- $45,273,783
- Investment income
- $903,768
- Other revenue
- $226,417
- Total assets, end of year
- $142,804,025
- Total liabilities, end of year
- $38,951,451
- Net assets or fund balances, end of year
- $103,852,574
- Program services expenses (Part IX)
- $45,571,194
- Management and general expenses
- $19,833,045
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $45,571,194
Program services were 69.7% 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)
$19,666,676
-
1f · All other contributions, gifts and grants
$3,621,693
-
2a · Program service revenue: TUITION AND FEES
total $31,933,181 · related or exempt $31,933,181
-
2b · Program service revenue: AUXILIARY ENTERPRISES
total $13,340,602 · related or exempt $13,340,602
-
3 · Investment income
total $967,437 · excluded $967,437
-
6a · Gross rents
real property $140,623
-
6b · Less rental expenses
real property $0
-
6c · Rental income or loss
real property $140,623
-
6d · Net rental income or loss
total $140,623 · excluded $140,623
-
7a · Gross sales of assets other than inventory
securities $817,839 · other assets $17,671
-
7b · Less cost or other basis and sales expenses
securities $891,869 · other assets $7,310
-
7c · Gain or loss
securities -$74,030 · other assets $10,361
-
7d · Net gain or loss
total -$63,669 · excluded -$63,669
-
11a · Other revenue: PRINT SHOP
total $85,794 · related or exempt $62,961 · unrelated business $22,833
-
11e · Other revenue, total
$85,794
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $25,200 · program services $25,200
-
2 · Grants to domestic individuals
total $13,745,417 · program services $13,745,417
-
3 · Grants to foreign organizations and individuals
total $1,541,122 · program services $1,541,122
-
5 · Compensation of officers, directors and key employees
total $449,636 · management and general $449,636
-
7 · Other salaries and wages
total $15,673,084 · program services $9,171,736 · management and general $6,501,348
-
8 · Pension plan contributions
total $815,403 · program services $350,544 · management and general $464,859
-
9 · Other employee benefits
total $2,509,929 · program services $127,680 · management and general $2,382,249
-
10 · Payroll taxes
total $1,203,282 · program services $732,747 · management and general $470,535
-
11b · Fees: legal
total $247,155 · management and general $247,155
-
11c · Fees: accounting
total $172,600 · management and general $172,600
-
11f · Fees: investment management
total $100,698 · management and general $100,698
-
11g · Fees: other
total $2,988,584 · program services $1,461,019 · management and general $1,527,565
-
12 · Advertising and promotion
total $127,418 · program services $97,963 · management and general $29,455
-
13 · Office expenses
total $1,022,072 · program services $574,192 · management and general $447,880
-
16 · Occupancy
total $332,073 · management and general $332,073
-
17 · Travel
total $1,574,944 · program services $1,366,842 · management and general $208,102
-
19 · Conferences, conventions and meetings
total $8,951 · management and general $8,951
-
20 · Interest
total $1,838,619 · program services $1,365,531 · management and general $473,088
-
22 · Depreciation, depletion and amortization
total $6,595,979 · program services $5,371,155 · management and general $1,224,824
-
23 · Insurance
total $848,703 · management and general $848,703
-
24a · Other expenses: REPAIRS & MAINTENANCE
total $9,297,958 · program services $6,207,973 · management and general $3,089,985
-
24b · Other expenses: TAXES
total $555,686 · program services $555,686
-
24c · Other expenses: DUES AND SUBSCRIPTIONS
total $159,712 · program services $58,075 · management and general $101,637
-
24d · Other expenses: ROOM AND BOARD
total $82,502 · program services $82,502
-
24e · All other expenses
total $3,487,512 · program services $2,735,810 · management and general $751,702
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $27,433,253 · end of year $23,240,935
-
2 · Savings and temporary cash investments
beginning of year $4,367,832 · end of year $4,820,836
-
3 · Pledges and grants receivable
beginning of year $1,891,657 · end of year $666,657
-
4 · Accounts receivable
beginning of year $4,498,601 · end of year $4,172,686
-
9 · Prepaid expenses and deferred charges
beginning of year $1,131,580 · end of year $1,249,811
-
10a · Land, buildings and equipment: cost or other basis
$193,308,435
-
10b · Land, buildings and equipment: accumulated depreciation
$113,503,345
-
10c · Land, buildings and equipment, net
beginning of year $73,547,906 · end of year $79,805,090
-
11 · Investments: publicly traded securities
beginning of year $24,607,852 · end of year $26,779,030
-
12 · Investments: other securities
beginning of year $1,668,253 · end of year $1,754,959
-
15 · Other assets
beginning of year $602,773 · end of year $314,021
-
17 · Accounts payable and accrued expenses
beginning of year $4,124,942 · end of year $4,342,738
-
19 · Deferred revenue
beginning of year $9,370,217 · end of year $7,054,475
-
20 · Tax-exempt bond liabilities
beginning of year $19,640,000 · end of year $19,640,000
-
23 · Secured mortgages and notes payable
beginning of year $6,832,754 · end of year $6,161,593
-
25 · Other liabilities
beginning of year $1,400,843 · end of year $1,752,645
-
27 · Net assets without donor restrictions
beginning of year $76,393,401 · end of year $79,315,694
-
28 · Net assets with donor restrictions
beginning of year $21,987,550 · end of year $24,536,880
Mission and programs · 2022
Mission
BENEDICT COLLEGE IS COMMITTED TO PROVIDING TRANSFORMATIVE LEARNING EXPERIENCES CHARACTERIZED BY HIGH QUALITY ACADEMIC, CO-CURRICULAR AND EXTRA-CURRICULAR PROGRAMMING, INTENTIONALLY DESIGNED TO DEVELOP SUPERIOR CULTURAL AND PROFESSIONAL COMPETENCIES FOR A DIVERSE STUDENT BODY.
Activities or mission (Part I)
BENEDICT COLLEGE WILL BE A POWER FOR GOOD IN SOCIETY. THE COLLEGE IS A FULL OPPORTUNITY COLLEGE WITH HIGH QUALITY PROGRAMS OF TEACHING, RESEARCH, AND PUBLIC SERVICE. THESE PROGRAMS PROVIDE THE STUDENTS AND COMMUNITY WITH KNOWLEDGE, SKILLS, UNDERSTANDING, AND VALUES REQUIRED TO EMPOWER THEM TO CREATE A BETTER WORLD. THE COLLEGE SEEKS GEOGRAPHIC, INTERNATIONAL, AND RACIAL DIVERSITY IN THE STUDENT BODY WHILE CONTINUING TO FACILITATE EMPOWERMENT, ENHANCEMENT, AND FULL PARTICIPATION OF AFRICAN AMERICANS IN A GLOBAL SOCIETY.
-
INSTRUCTION - APPROXIMATELY 1,971 STUDENTS ENROLLED. THE COLLEGE AWARDED 354 DEGREES DURING THE 2022-2023 ACADEMIC YEAR.
Expenses $19,379,301 · Grants $15,286,539 · Revenue $31,773,700
-
STUDENT SERVICES - ENROLLMENT SERVICES, COLLEGE REGISTRAR, HEALTH AND COUNSELING, SPORTS AND RECREATION
Expenses $14,435,768
-
AUXILIARY ENTERPRISES - THE COLLEGES' DORMITORIES, DINING HALL AND CAMPUS STORE ARE THE MAJOR AUXILIARY ENTERPRISES SERVING THE COLLEGE COMMUNITY. EIGHT RESIDENCE HALLS PROVIDED QUARTERS FOR APPROXIMATELY 1,392 STUDENTS FOR THE FALL 2022 SEMESTER AND APPROXIMATELY 1,279 STUDENTS FOR THE SPRING 2023 SEMESTER.
Expenses $7,119,922 · Revenue $13,563,044
-
RESEARCH, PUBLIC SERVICE, ACADEMIC SUPPORT - THE COLLEGE LIBRARY (APPROXIMATELY 130,000 VOLUMES HELD), STUDENT FINANCIAL AID, VARIOUS OTHER PROGRAMS.
Expenses $4,636,203 · Grants $25,200
As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Dr Charlie W JohnsonDR CHARLIE W JOHNSON
CHAIRMAN
- Total calculated
- $0
- Hours/week
- 5
-
G Tyrone BondsG TYRONE BONDS
VICE CHAIRMAN
- Total calculated
- $0
- Hours/week
- 5
-
Dr Elsie King HamlerDR ELSIE KING HAMLER
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
Anthony T BurroughsANTHONY T BURROUGHS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Tyrone A BurroughsTYRONE A BURROUGHS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Valoria CheekVALORIA CHEEK
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Hilda D GadsdenHILDA D GADSDEN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Mary GaffneyMARY GAFFNEY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Cedelle E GatesCEDELLE E GATES
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
James P HudsonJAMES P HUDSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Rev Dr Solomon Jackson JrREV DR SOLOMON JACKSON JR
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Dr Gail M MorrisonDR GAIL M MORRISON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Rich PannerRICH PANNER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Dr Haywood L StricklandDR HAYWOOD L STRICKLAND
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
William L ThomasWILLIAM L THOMAS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Jesse J TysonJESSE J TYSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Emory L WatersEMORY L WATERS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Dr Dorothy Buckhanan WilsonDR DOROTHY BUCKHANAN WILSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Dr Roslyn Clark ArtisDR ROSLYN CLARK ARTIS
PRESIDENT & CEO
- Total calculated
- $499,136
- From this org
- $449,636
- From related orgs
- $0
- Other
- $49,500
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $449,636
- Bonus
- $0
- Other
- $0
- Deferred
- $49,500
- Nontaxable benefits
- $0
- Filer's total
- $499,136
-
Christopher ThompsonCHRISTOPHER THOMPSON
VP FOR BUSINESS & FINANCE-PART YEAR
- Total calculated
- $123,235
- From this org
- $123,235
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
Leandra Hayes-BurgessLEANDRA HAYES-BURGESS
VP FOR INSTITUTIONAL ADVAN
- Total calculated
- $157,590
- From this org
- $157,590
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $157,590
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $0
- Filer's total
- $157,590
-
Chennis C BerryCHENNIS C BERRY
ATHLETICS-FOOTBALL COACH
- Total calculated
- $156,578
- From this org
- $156,578
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $156,578
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $0
- Filer's total
- $156,578
-
Godwin E MbamaluGODWIN E MBAMALU
SPONSORED PROGRAMS
- Total calculated
- $154,500
- From this org
- $154,500
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $154,500
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $0
- Filer's total
- $154,500
-
Janeen P Witty TuckerJANEEN P WITTY TUCKER
VP FOR ACADEMIC AFFAIRS
- Total calculated
- $154,500
- From this org
- $154,500
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $154,500
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $0
- Filer's total
- $154,500
-
Verna Faylon OrrVERNA FAYLON ORR
VP/CHIEF OF STAFF
- Total calculated
- $140,000
- From this org
- $140,000
- 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
- 1a · Housing allowance or residence for personal use
- 1b · Written policy on the line-1a expenses
- 2 · Substantiation required before reimbursing expenses
- 3 · Compensation committee
- 3 · Compensation survey or study
- 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
The filer's explanations (Part III)
- PART I, LINE 1A
- AS A CONDITION OF EMPLOYMENT, AND AS A CONVENIENCE TO THE UNIVERSITY, THE PRESIDENT & CEO IS PROVIDED A HOME BY THE UNIVERSITY. THE UNIVERSITY ALSO PROVIDES GROUNDS CARE AND COVERS UTILITIES FOR THE HOME. THE HOME IS PROVIDED AS A NONTAXABLE BENEFIT TO THE PRESIDENT & CEO.
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
-
$6,000
SPONSORSHIP
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 9 May 2024
- IRS schema version
- 2022v5.0
- Source object
- 202431349349305833
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