Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 1c · Fundraising events

  $607,186

• 1e · Government grants (contributions)

  $251,604,000

• 1f · All other contributions, gifts and grants

  $73,660,814

• 1g · Noncash contributions included above

  $522,200

• 2a · Program service revenue: ACADEMIC SERIVCES

  total $492,792,000 · related or exempt $492,792,000

• 2b · Program service revenue: PATIENT SERVICES

  total $319,303,000 · related or exempt $319,303,000

• 2c · Program service revenue: AUXILIARY SERVICES

  total $48,970,000 · related or exempt $40,564,224 · unrelated business $8,405,776

• 3 · Investment income

  total $26,904,000 · unrelated business -$1,242,582 · excluded $28,146,582

• 6a · Gross rents

  real property $4,918,834

• 6b · Less rental expenses

  real property $0

• 6c · Rental income or loss

  real property $4,918,834

• 6d · Net rental income or loss

  total $4,918,834 · excluded $4,918,834

• 7a · Gross sales of assets other than inventory

  securities $895,281,614 · other assets $5,297,874

• 7b · Less cost or other basis and sales expenses

  securities $868,128,614 · other assets $4,918,834

• 7c · Gain or loss

  securities $27,153,000 · other assets $379,040

• 7d · Net gain or loss

  total $27,532,040 · excluded $27,532,040

• 8a · Fundraising events: gross income

  $547,246

• 8a · Fundraising events: contributions included on line 1c

  $607,186

• 8b · Fundraising events: direct expenses

  $547,246

• 8c · Net income from fundraising events

  total $0

• 11a · Other revenue: OTHER REVENUE

  total $23,158,126 · excluded $23,158,126

• 11e · Other revenue, total

  $23,158,126

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $5,866,972 · program services $5,866,972

• 2 · Grants to domestic individuals

  total $165,711,996 · program services $165,711,996

• 3 · Grants to foreign organizations and individuals

  total $12,225,503 · program services $12,225,503

• 5 · Compensation of officers, directors and key employees

  total $10,792,637 · program services $10,792,637

• 7 · Other salaries and wages

  total $429,950,950 · program services $360,681,972 · management and general $67,055,510 · fundraising $2,213,468

• 8 · Pension plan contributions

  total $22,468,337 · program services $18,803,970 · management and general $3,533,835 · fundraising $130,532

• 9 · Other employee benefits

  total $50,750,630 · program services $42,487,706 · management and general $7,997,313 · fundraising $265,611

• 10 · Payroll taxes

  total $29,190,098 · program services $24,361,203 · management and general $4,677,713 · fundraising $151,182

• 11b · Fees: legal

  total $8,509,861 · program services $403,329 · management and general $8,106,133 · fundraising $399

• 11c · Fees: accounting

  total $3,249,999 · program services $471,451 · management and general $2,778,473 · fundraising $75

• 11f · Fees: investment management

  total $11,370,000 · management and general $11,370,000

• 11g · Fees: other

  total $136,542,912 · program services $91,892,055 · management and general $44,444,076 · fundraising $206,781

• 12 · Advertising and promotion

  total $184,270 · program services $58,235 · management and general $126,035

• 13 · Office expenses

  total $49,182,737 · program services $43,622,476 · management and general $5,322,566 · fundraising $237,695

• 14 · Information technology

  total $10,464,112 · program services $816,568 · management and general $9,647,544

• 15 · Royalties

  total $2,179,679 · program services $394,540 · management and general $1,778,985 · fundraising $6,154

• 16 · Occupancy

  total $49,297,049 · program services $20,619,589 · management and general $28,634,516 · fundraising $42,944

• 17 · Travel

  total $16,994,603 · program services $5,921,558 · management and general $10,990,879 · fundraising $82,166

• 19 · Conferences, conventions and meetings

  total $8,609,906 · program services $4,459,957 · management and general $2,787,158 · fundraising $1,362,791

• 20 · Interest

  total $33,401,830 · program services $2,843,484 · management and general $30,558,346

• 22 · Depreciation, depletion and amortization

  total $42,241,187 · program services $28,855,471 · management and general $13,317,125 · fundraising $68,591

• 23 · Insurance

  total $24,000,545 · program services $17,164,377 · management and general $6,836,168

• 24a · Other expenses: GRANTS SUBCONTRACTS/TRA

  total $35,131,368 · program services $35,131,368

• 24b · Other expenses: FOOD SERVICE COSTS

  total $24,321,728 · program services $3,823,165 · management and general $20,496,603 · fundraising $1,960

• 24c · Other expenses: REPAIRS AND MAINTENANCE

  total $22,968,272 · program services $14,222,500 · management and general $8,711,780 · fundraising $33,992

• 24d · Other expenses: OTHER EXPENSES

  total $2,804,058 · program services $2,804,058

• 24e · All other expenses

  total $26,892,761 · program services $10,724,860 · management and general $16,006,101 · fundraising $161,800

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $215,412,000 · end of year $205,693,000

• 3 · Pledges and grants receivable

  beginning of year $101,370,000 · end of year $90,821,000

• 4 · Accounts receivable

  beginning of year $136,298,000 · end of year $122,089,000

• 7 · Other notes and loans receivable

  beginning of year $4,017,000 · end of year $3,240,000

• 8 · Inventories for sale or use

  beginning of year $5,165,000 · end of year $6,103,000

• 9 · Prepaid expenses and deferred charges

  beginning of year $24,873,000 · end of year $33,030,000

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

  $1,900,307,000

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

  $1,189,577,000

• 10c · Land, buildings and equipment, net

  beginning of year $678,803,000 · end of year $710,730,000

• 11 · Investments: publicly traded securities

  beginning of year $523,339,450 · end of year $473,121,404

• 12 · Investments: other securities

  beginning of year $403,002,550 · end of year $519,856,596

• 15 · Other assets

  beginning of year $515,661,000 · end of year $471,160,000

• 17 · Accounts payable and accrued expenses

  beginning of year $209,364,000 · end of year $196,118,000

• 19 · Deferred revenue

  beginning of year $79,019,000 · end of year $123,613,000

• 20 · Tax-exempt bond liabilities

  beginning of year $833,359,000 · end of year $821,728,000

• 24 · Unsecured notes and loans payable

  beginning of year $91,535,000 · end of year $56,494,000

• 25 · Other liabilities

  beginning of year $104,751,000 · end of year $96,564,000

• 27 · Net assets without donor restrictions

  beginning of year $530,902,000 · end of year $512,874,000

• 28 · Net assets with donor restrictions

  beginning of year $759,011,000 · end of year $828,453,000

The filer's explanations (Part III)

PART I, LINE 1A

QUESTIONS REGARDING COMPENSATION: TRAVEL FOR COMPANIONS: THE UNIVERSITY REIMBURSES REASONABLE AND NECESSARY TRAVEL EXPENSES WHEN THE PRESIDENT'S SPOUSE'S PRESENCE IS IN THE BEST INTEREST OF THE UNIVERSITY ON BUSINESS RELATED TRIPS IN ACCORDANCE WITH PRESIDENT'S EMPLOYMENT AGREEMENT. HOUSING ALLOWANCES OR RESIDENCE FOR PERSONAL USE: THE UNIVERSITY PROVIDES A HOUSING ALLOWANCE PAYMENT TO THE PRESIDENT FOR SIGNIFICANT USE OF HIS PERSONAL RESIDENCE FOR OFFICIAL UNIVERSITY RELATED BUSINESS TO DEFRAY COSTS RELATED TO THE UPKEEP, UTILIZATION AND MAINTENANCE OF HIS PERSONAL RESIDENCE. ALLOWANCE PAYMENT WAS INCLUDED IN THE PRESIDENT'S W-2 AS COMPENSATION AND IS REPORTED IN SCHEDULE J PART II AS OTHER REPORTABLE COMPENSATION. HEALTH OR SOCIAL CLUB DUES: THE UNIVERSITY PAID OR REIMBURSED THE PRESIDENT FOR THE DUES AND NORMAL PERIODIC ASSESSMENTS INCURRED FOR MEMBERSHIP FOR TWO CLUBS. THE USE OF THE MEMBERSHIP IN BOTH BUSINESS CLUBS IS LIMITED TO UNIVERSITY BUSINESS AND NOT REPORTED AS TAXABLE INCOME. PERSONAL SERVICES: AN AUTOMOBILE (ALONG WITH DRIVER) ARE PROVIDED TO THE PRESIDENT BY THE UNIVERSITY AS NEEDED FOR UNIVERSITY-RELATED BUSINESS. THESE SERVICES ARE FOR BUSINESS PURPOSES ONLY, AND AS SUCH, HAVE NOT BEEN REPORTED AS TAXABLE INCOME. SCHEDULE J, PART I, LINE 4B SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN: THE UNIVERSITY PAID THE PRESIDENT DEFERRED COMPENSATION IN ACCORDANCE WITH HIS EMPLOYMENT AGREEMENT FOR THE YEAR ENDED JUNE 30, 2023.

Disregarded entities

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

• HOWARD UNIVERSITY GLOBAL INITIATIVE- NIGERIA

  EDUCATION · NI

  Directly controlled by HOWARD UNIVERSITY

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

• HOWARD UNIVERSITY CAPITOL INSURANCE COMPANY

  C · CAPTIVE INSURANCE · CJ · 100% owned · share of income $105,570 · share of assets $2,969,566 · controlled entity

  Directly controlled by HOWARD UNIVERSITY