Form 990 for tax year 2024
Filed by BOWIE STATE UNIVERSITY FOUNDATION.
Totals
- Total revenue
- $10,660,026
- Total expenses
- $6,128,421
- Contributions and grants received
- $6,056,897
- Grants paid
- $2,088,789
- Program service revenue
- $0
- Investment income
- $4,597,684
- Other revenue
- $5,445
- Total assets, end of year
- $64,831,488
- Total liabilities, end of year
- $3,116,419
- Net assets or fund balances, end of year
- $61,715,069
- Program services expenses (Part IX)
- $5,275,167
- Management and general expenses
- $835,229
- Fundraising expenses
- $18,025
- Program service expenses (Part III)
- $5,275,167
Program services were 86.1% 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.
-
1c · Fundraising events
$157,810
-
1e · Government grants (contributions)
$500,000
-
1f · All other contributions, gifts and grants
$5,399,087
-
1g · Noncash contributions included above
$33,500
-
3 · Investment income
total $993,554 · excluded $993,554
-
7a · Gross sales of assets other than inventory
securities $3,604,130
-
7b · Less cost or other basis and sales expenses
securities $0
-
7c · Gain or loss
securities $3,604,130
-
7d · Net gain or loss
total $3,604,130 · excluded $3,604,130
-
8a · Fundraising events: gross income
$33,710
-
8a · Fundraising events: contributions included on line 1c
$157,810
-
8b · Fundraising events: direct expenses
$134,213
-
8c · Net income from fundraising events
total -$100,503 · excluded -$100,503
-
11a · Other revenue: OTHER INCOME
total $104,336 · related or exempt $104,336
-
11b · Other revenue: ANNUAL ASSESSMENT
total $907 · related or exempt $907
-
11c · Other revenue: MEMBERSHIP DUES
total $705 · related or exempt $705
-
11e · Other revenue, total
$105,948
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $2,088,789 · program services $2,088,789
-
5 · Compensation of officers, directors and key employees
total $104,043 · management and general $104,043
-
11b · Fees: legal
total $14,000 · management and general $14,000
-
11c · Fees: accounting
total $70,681 · management and general $70,681
-
11f · Fees: investment management
total $410,841 · management and general $410,841
-
11g · Fees: other
total $2,133,688 · program services $2,079,818 · management and general $37,820 · fundraising $16,050
-
13 · Office expenses
total $190,160 · program services $182,366 · management and general $5,819 · fundraising $1,975
-
14 · Information technology
total $489,491 · program services $489,491
-
17 · Travel
total $158,916 · program services $158,916
-
23 · Insurance
total $5,903 · program services $3,980 · management and general $1,923
-
24a · Other expenses: PROGRAM EXPENSES
total $240,583 · program services $240,583
-
24b · Other expenses: BAD DEBT
total $165,000 · program services $0 · management and general $165,000 · fundraising $0
-
24c · Other expenses: DUES
total $27,920 · program services $2,818 · management and general $25,102
-
24d · Other expenses: OTHER EXPENSES
total $27,498 · program services $27,498 · management and general $0 · fundraising $0
-
24e · All other expenses
total $908 · program services $908
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $9,914,403 · end of year $12,098,247
-
3 · Pledges and grants receivable
beginning of year $2,926,916 · end of year $3,347,850
-
4 · Accounts receivable
beginning of year $42,500 · end of year $0
-
12 · Investments: other securities
beginning of year $47,120,414 · end of year $49,385,391
-
17 · Accounts payable and accrued expenses
beginning of year $3,527,806 · end of year $3,116,419
-
27 · Net assets without donor restrictions
beginning of year $27,219,667 · end of year $30,789,466
-
28 · Net assets with donor restrictions
beginning of year $29,256,760 · end of year $30,925,603
Mission and programs · 2024
Mission
TO FACILITATE FUND-RAISING EFFORTS THAT SEEK CONTRIBUTIONS FROM PRIVATE SOURCES, IN SUPPORT OF ACTIVITIES AND THE MISSION OF BOWIE STATE UNIVERSITY (BSU). BOWIE STATE UNIVERSITY FOUNDATION ASSUMES OVERSIGHT RESPONSIBILITY FOR GIFT ACCEPTANCE AND ADMINISTRATION FOR CONTRIBUTIONS TO THE BSU.
Activities or mission (Part I)
TO FACILITATE FUNDRAISING AND STEWARDSHIP EFFORTS OF BOWIE STATE UNIVERSITY.
-
Withheld by Nonprofiteer: this text may name a private individual.
Expenses $2,088,789 · Grants $2,088,789
-
PROGRAM EXPENSES REFLECT SUPPORT FOR SEVERAL BSU ACADEMIC INNOVATIONS AND PROGRAMS SUCH AS: EXPANSION IN EXPERIENTIAL LEARNING OPPORTUNITIES THROUGH COMPUTER SCIENCE INTERNSHIPS AND STOP ANIMATION FILM PRODUCTION WORKSHOPS.DEVELOPED ENROLLMENT MANAGEMENT PLATFORM IMPLEMENTATION AND OPERATIONS.
Expenses $3,186,378 · Revenue $105,948
As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here. A text marked withheld matched a screen for wording that may name a private individual, such as an honorific or "in memory of". Most of what it withholds names no one; it is withheld so that what does is never shown.
Listed in Part VII
-
Alfonzo PowellALFONZO POWELL
CHAIR
- Total calculated
- $0
- Hours/week
- 2
-
Charles ExumCHARLES EXUM
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Divesh GuptaDIVESH GUPTA
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Ron BusbyRON BUSBY
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
Dr Aminta BreauxDR AMINTA BREAUX
BSU PRESIDENT, EX-OFFICIO
- Total calculated
- $0
- Hours/week
- 1
-
Manish KumarMANISH KUMAR
EX-OFFICIO
- Total calculated
- $0
- Hours/week
- 1
-
Stephanie Overton StanardSTEPHANIE OVERTON STANARD
EX-OFFICIO
- Total calculated
- $0
- Hours/week
- 1
-
Angel Rich-JonesANGEL RICH-JONES
MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Damon LesterDAMON LESTER
MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Darlene BrownDARLENE BROWN
MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Darryl BarnesDARRYL BARNES
MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Deidre JacksonDEIDRE JACKSON
MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Dr Joseph GreenDR JOSEPH GREEN
MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Gina NightengaleGINA NIGHTENGALE
MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Gregory Trey Proctor IIIGREGORY TREY PROCTOR III
MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Jim SimpsonJIM SIMPSON
MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Johnathan BoldenJOHNATHAN BOLDEN
MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Lakeitha AndersonLAKEITHA ANDERSON
MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Louis WilliamsLOUIS WILLIAMS
MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Monique SmithMONIQUE SMITH
MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Troy WeaverTROY WEAVER
MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Wade A WoolfolkWADE A WOOLFOLK
MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Brent SwintonBRENT SWINTON
EXECUTIVE DIRECTOR
- Total calculated
- $16,626
- From this org
- $15,510
- From related orgs
- $0
- Other
- $1,116
- Hours/week
- 3
-
Daphne De ShieldsDAPHNE DE SHIELDS
CHIEF FINANCIAL OFFICER
- Total calculated
- $58,525
- From this org
- $54,272
- From related orgs
- $0
- Other
- $4,253
- Hours/week
- 20
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.
Grants on this return
-
BOWIE STATE UNIVERSTIY
$1,781,880
TO ASSIST BOWIE STATE UNIVERSITY AWARD SCHOLARSHIPS TO STUDENTS IN SUPPORT OF EFFORTS TO ADDRESS RETENTION NEEDS, IMPROVE THE GRADUATION RATE, AND BRIDGE GAP FUNDING AND ENHANCE RECRUITMENT.
-
BOWIE STATE UNIVERSTIY
$306,909
GRANTS TO SUPPORT BOWIE STATE UNIVERSITY AND ITS MISSION, PROGRAMS AND STUDENT EXPERIENCES
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 4 February 2026
- IRS schema version
- 2024v5.5
- Source object
- 202610429349301041
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