Skip to content
Nonprofiteer
← OAKWOOD UNIVERSITY INC

Form 990 for tax year 2022

Filed by OAKWOOD UNIVERSITY INC.

Totals

Total revenue
$67,340,745
Total expenses
$77,013,728
Contributions and grants received
$24,966,750
Grants paid
$20,122,860
Program service revenue
$39,622,784
Investment income
$528,823
Other revenue
$2,222,388
Total assets, end of year
$111,446,919
Total liabilities, end of year
$34,298,132
Net assets or fund balances, end of year
$77,148,787
Program services expenses (Part IX)
$52,138,786
Management and general expenses
$23,921,882
Fundraising expenses
$953,060
Program service expenses (Part III)
$52,138,786

Program services were 67.7% 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)

    $9,352,884

  • 1f · All other contributions, gifts and grants

    $15,613,866

  • 2a · Program service revenue: TUITION & FEES

    total $28,013,117 · related or exempt $28,013,117

  • 2b · Program service revenue: AUXILIARY ENTERPRISES

    total $9,542,912 · related or exempt $9,542,912

  • 2c · Program service revenue: INDEPENDENT OPERATIONS

    total $1,696,587 · related or exempt $1,696,587

  • 2d · Program service revenue: EDUCATIONAL ACTIVITIES

    total $370,168 · related or exempt $370,168

  • 3 · Investment income

    total $528,823 · excluded $528,823

  • 6a · Gross rents

    real property $196,574

  • 6b · Less rental expenses

    real property $270,003

  • 6c · Rental income or loss

    real property -$73,429

  • 6d · Net rental income or loss

    total -$73,429 · excluded -$73,429

  • 8a · Fundraising events: gross income

    $610,130

  • 8b · Fundraising events: direct expenses

    $51,000

  • 8c · Net income from fundraising events

    total $559,130 · excluded $559,130

  • 10a · Gross sales of inventory

    $496,900

  • 10b · Cost of goods sold

    $163,085

  • 10c · Net income from sales of inventory

    total $333,815 · unrelated business $333,815

  • 11a · Other revenue: OTHER EDUC. SOURCES

    total $1,402,872 · related or exempt $1,402,872

  • 11e · Other revenue, total

    $1,402,872

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $20,122,860 · program services $20,122,860

  • 5 · Compensation of officers, directors and key employees

    total $520,009 · program services $520,009

  • 7 · Other salaries and wages

    total $18,179,665 · program services $11,916,527 · management and general $5,986,035 · fundraising $277,103

  • 9 · Other employee benefits

    total $7,467,398 · program services $4,779,934 · management and general $2,567,062 · fundraising $120,402

  • 11b · Fees: legal

    total $295,146 · management and general $280,389 · fundraising $14,757

  • 11g · Fees: other

    total $4,080,479 · program services $298,411 · management and general $3,663,041 · fundraising $119,027

  • 12 · Advertising and promotion

    total $338,518 · program services $77,801 · management and general $247,681 · fundraising $13,036

  • 14 · Information technology

    total $177,423 · program services $122,335 · management and general $52,391 · fundraising $2,697

  • 15 · Royalties

    total $55,957 · program services $55,957

  • 16 · Occupancy

    total $2,961,525 · program services $1,178,008 · management and general $1,768,375 · fundraising $15,142

  • 17 · Travel

    total $1,017,499 · program services $304,724 · management and general $678,364 · fundraising $34,411

  • 20 · Interest

    total $563,918 · management and general $562,381 · fundraising $1,537

  • 22 · Depreciation, depletion and amortization

    total $4,964,546 · program services $4,964,546

  • 23 · Insurance

    total $2,551,105 · program services $14,532 · management and general $2,467,225 · fundraising $69,348

  • 24a · Other expenses: MISCELLANEOUS EXPENSES

    total $3,578,282 · program services $1,529,602 · management and general $1,946,551 · fundraising $102,129

  • 24b · Other expenses: CAFETERIA

    total $2,822,603 · program services $2,822,603

  • 24c · Other expenses: EQUIPMENT RENTAL & MAIN

    total $2,105,921 · program services $741,388 · management and general $1,299,534 · fundraising $64,999

  • 24d · Other expenses: BAD DEBT

    total $2,057,856 · program services $1,448,800 · management and general $578,603 · fundraising $30,453

  • 24e · All other expenses

    total $3,153,018 · program services $1,240,749 · management and general $1,824,250 · fundraising $88,019

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $8,385,262 · end of year $5,632,338

  • 3 · Pledges and grants receivable

    beginning of year $241,112 · end of year $754,756

  • 4 · Accounts receivable

    beginning of year $20,799,570 · end of year $22,130,560

  • 7 · Other notes and loans receivable

    beginning of year $12,626,955 · end of year $11,769,685

  • 9 · Prepaid expenses and deferred charges

    beginning of year $115,372 · end of year $117,029

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

    $133,157,109

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

    $80,603,925

  • 10c · Land, buildings and equipment, net

    beginning of year $53,569,413 · end of year $52,553,184

  • 11 · Investments: publicly traded securities

    beginning of year $228,560 · end of year $227,858

  • 12 · Investments: other securities

    beginning of year $23,813,640 · end of year $17,976,869

  • 15 · Other assets

    beginning of year $284,797 · end of year $284,640

  • 17 · Accounts payable and accrued expenses

    beginning of year $19,163,936 · end of year $20,424,814

  • 18 · Grants payable

    beginning of year $857,270 · end of year $0

  • 20 · Tax-exempt bond liabilities

    beginning of year $15,406,421 · end of year $13,873,318

  • 27 · Net assets without donor restrictions

    beginning of year $52,659,046 · end of year $46,445,507

  • 28 · Net assets with donor restrictions

    beginning of year $31,978,008 · end of year $30,703,280

Mission and programs · 2022

Mission

OAKWOOD UNIVERSITY, A HISTORICALLY BLACK SEVENTH-DAY ADVENTIST INSTITUTION OF HIGHER LEARNING, PROVIDES QUALITY CHRISTIAN EDUCATION THAT EMPHASIZES ACADEMIC EXCELLENCE; PROMOTES HARMONIOUS DEVELOPMENT OF MIND, BODY AND SPIRIT; AND PREPARES LEADERS IN SERVICE FOR GOD AND HUMANITY.

  • TO PROVIDE UNDERGRADUATE DEGREE PROGRAMS IN VARIOUS DISCIPLINES INCLUDING ON CAMPUS TRAINING IN SELECTED FIELDS OF STUDY FOR APPROXIMATELY 1800 STUDENTS

    Expenses $52,138,786 · Grants $20,122,860 · Revenue $67,340,745

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • JOHN FREEDMAN

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • JIM DAVIDSON

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • GARY THURBER

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • GARTH GABRIEL

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • ED ZINKE

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • DAVID WEIGLEY

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • DAVID R WILLIAMS

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • DAVID FREEDMAN

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • KENNETH MANDERS

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • CARMELA MONK CRAWFORD

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • CARLTON BYRD

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • CARLOS CRAIG

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • CALVIN PRESTON

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • CALVIN B ROCK EMERITUS

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • BYRON DULAN

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • BRAD NEWTON

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • BENSON PRIGG

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • BENJAMIN REAVES EMERITUS

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • BENJAMIN JONES

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • ARNE NIELSEN

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • KENNETH DENSLOW

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • LAURA DAVIS

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • ZAVON KANION

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • WITFORD REID

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • WILLIAM HICKS

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • VIRGIL CHILDS

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • TERRY SHAW

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • STEPHEN GRAY

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • STEPHEN FOSTER

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • SHUSHANNAH SMITH

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • SHAWN HERVEY-JUMPER

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • SERGIO ROMERO

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • ROGER BERNARD

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • ROBERT NORWOOD

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • ROBERT EDWARDS

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • RANDY ROBINSON

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • PIERRE OMELER

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • PAUL LLEWELLYN

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • NYASHA SMITH-RUDDOCK

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • MICHELLE RAMEY

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • MICHAEL OWUSU

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • MEKI BRACKEN

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • MARVIN BROWN

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • MARCELLUS ROBINSON

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • LOIS PETERS EMERITUS

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • LINDA SEAL

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • ABRAHAM JULES

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • LESLIE N POLLARD

    PRESIDENT

    Total calculated
    $159,587
    From this org
    $132,009
    From related orgs
    $0
    Other
    $27,578
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $132,009
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $27,578
    Filer's total
    $159,587

  • JAMES MBYIRUKIRA

    PROVOST

    Total calculated
    $106,120
    From this org
    $80,000
    From related orgs
    $0
    Other
    $26,120
    Hours/week
    40

  • PRUDENCE LABEACH POLLARD

    VP FACULTY DEVELOPMENT

    Total calculated
    $143,423
    From this org
    $80,000
    From related orgs
    $0
    Other
    $63,423
    Hours/week
    40

  • KAREN BENN MARSHALL

    VP ERDN

    Total calculated
    $115,003
    From this org
    $76,000
    From related orgs
    $0
    Other
    $39,003
    Hours/week
    40

  • DAVID RICHARDSON

    VP ENROLLMENT SERVICES

    Total calculated
    $107,120
    From this org
    $76,000
    From related orgs
    $0
    Other
    $31,120
    Hours/week
    40

  • G ALEXANDER BRYANT

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

  • CALVIN WATKINS

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • KOYSHIN AHN

    CO-CHAIR

    Total calculated
    $0
    Hours/week
    1

  • RON C SMITH

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • RALPH REID

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • SABRINA COTTON

    VP FINANCIAL AFFAIRS

    Total calculated
    $118,590
    From this org
    $76,000
    From related orgs
    $0
    Other
    $42,590
    Hours/week
    50

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 · Travel for companions
  • 1a · Personal services (maid, chauffeur, chef)
  • 2 · Substantiation required before reimbursing expenses

Answered no

  • 1b · Written policy on the line-1a expenses
  • 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 1B
THE ADDITIONAL BENEFITS WERE VOTED ON AND APPROVED BY THE RELEVANT COMMITTEE.

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.

  • GENERAL CONFERENCE OF SEVENTH-DAY ADVENTISTS

    501(C)(3) · RELIGIOUS ACTIVITIES · MD

  • GENERAL CONFERENCE CORPORATION OF SEVENTH-DAY ADVENTISTS

    501(C)(3) · RELIGIOUS ACTIVITIES IN A FIDUCIARY CAPACITY · MD

  • OAKWOOD UNIVERSITY COMMUNITY QALICB

    501(C)(3) · SUPPORTING ORGANIZTION OF OAKWOOD UNIVERSITY · AL

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • OAKWOOD ENTERPRISE - R1 LLC

    EDIBLE ARRANGEMENTS · AL · income $424,423 · assets $443,114

  • OAKWOOD ENTERPRISE OPERATIONS LLC

    EDIBLE ARRANGEMENTS · AL

  • OAKWOOD UNIVERSITY FARMS LLC

    FARM OPERATIONS · AL · income $1,200,219 · assets $3,649,417

Provenance

Return type
form_990
Tax year
2022
Filed
15 May 2024
IRS schema version
2022v5.0
Source object
202411369349317406

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.