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Nonprofiteer
← UNITED NEGRO COLLEGE FUND INC

Form 990 for tax year 2024

Filed by UNITED NEGRO COLLEGE FUND INC.

Totals

Total revenue
$158,921,384
Total expenses
$183,511,929
Contributions and grants received
$134,733,831
Grants paid
$94,710,549
Program service revenue
$16,000
Investment income
$24,171,553
Other revenue
$0
Total assets, end of year
$892,426,921
Total liabilities, end of year
$56,637,648
Net assets or fund balances, end of year
$835,789,273
Program services expenses (Part IX)
$144,405,574
Management and general expenses
$15,731,842
Fundraising expenses
$23,374,513
Program service expenses (Part III)
$144,405,574

Program services were 78.7% 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.

  • 1a · Federated campaigns

    $452,803

  • 1c · Fundraising events

    $8,222,435

  • 1f · All other contributions, gifts and grants

    $126,058,593

  • 2a · Program service revenue: PROGRAM RENTAL INCOME

    total $16,000 · related or exempt $16,000

  • 3 · Investment income

    total $19,259,268 · unrelated business -$41,191 · excluded $19,300,459

  • 7a · Gross sales of assets other than inventory

    securities $368,824,640

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

    securities $363,912,355

  • 7c · Gain or loss

    securities $4,912,285

  • 7d · Net gain or loss

    total $4,912,285 · excluded $4,912,285

  • 8a · Fundraising events: gross income

    $13,500,452

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

    $8,222,435

  • 8b · Fundraising events: direct expenses

    $13,500,452

  • 8c · Net income from fundraising events

    total $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $70,713,343 · program services $70,713,343

  • 2 · Grants to domestic individuals

    total $23,997,206 · program services $23,997,206

  • 5 · Compensation of officers, directors and key employees

    total $4,559,359 · management and general $4,559,359

  • 7 · Other salaries and wages

    total $29,349,814 · program services $12,795,421 · management and general $6,541,150 · fundraising $10,013,243

  • 8 · Pension plan contributions

    total $1,556,743 · program services $587,428 · management and general $509,615 · fundraising $459,700

  • 9 · Other employee benefits

    total $4,064,702 · program services $1,764,277 · management and general $1,133,880 · fundraising $1,166,545

  • 10 · Payroll taxes

    total $2,476,970 · program services $934,670 · management and general $810,861 · fundraising $731,439

  • 11a · Fees: management

    total $13,469,852 · program services $4,258,509 · management and general $6,133,345 · fundraising $3,077,998

  • 11b · Fees: legal

    total $655,288 · management and general $655,288

  • 11c · Fees: accounting

    total $400,609 · program services $85,000 · management and general $315,609

  • 11e · Fees: professional fundraising services

    total $24,000 · fundraising $24,000

  • 11f · Fees: investment management

    total $1,081,935 · program services $1,081,935

  • 12 · Advertising and promotion

    total $592,734 · program services $366,092 · management and general $36,627 · fundraising $190,015

  • 13 · Office expenses

    total $7,309,825 · program services $998,690 · management and general $657,760 · fundraising $5,653,375

  • 14 · Information technology

    total -$98,604 · program services $1,425,348 · management and general -$1,768,551 · fundraising $244,599

  • 16 · Occupancy

    total $2,307,073 · program services $1,172,994 · management and general $261,640 · fundraising $872,439

  • 17 · Travel

    total $3,965,692 · program services $2,644,771 · management and general $559,569 · fundraising $761,352

  • 19 · Conferences, conventions and meetings

    total $3,212,094 · program services $2,889,312 · management and general $142,974 · fundraising $179,808

  • 20 · Interest

    total $906,503 · management and general $906,503

  • 22 · Depreciation, depletion and amortization

    total $1,048,570 · management and general $1,048,570

  • 23 · Insurance

    total $237,404 · management and general $237,404

  • 24a · Other expenses: BAD DEBT EXPENSE

    total $11,680,623 · program services $11,680,623

  • 24b · Other expenses: INDIRECT COST RECOVERY

    total $194 · program services $7,009,955 · management and general -$7,009,761

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $39,298,929 · end of year $56,073,619

  • 2 · Savings and temporary cash investments

    beginning of year $268,139,755 · end of year $213,576,117

  • 3 · Pledges and grants receivable

    beginning of year $245,275,339 · end of year $145,822,679

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

    $46,809,359

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

    $11,929,213

  • 10c · Land, buildings and equipment, net

    beginning of year $32,037,790 · end of year $34,880,146

  • 11 · Investments: publicly traded securities

    beginning of year $115,569,646 · end of year $211,188,989

  • 12 · Investments: other securities

    beginning of year $200,608,316 · end of year $230,885,371

  • 15 · Other assets

    beginning of year $16,098,010

  • 17 · Accounts payable and accrued expenses

    beginning of year $24,242,581 · end of year $21,778,516

  • 19 · Deferred revenue

    beginning of year $4,276,524 · end of year $3,213,246

  • 20 · Tax-exempt bond liabilities

    beginning of year $23,326,218 · end of year $22,277,470

  • 25 · Other liabilities

    beginning of year $15,723,051 · end of year $9,368,416

  • 27 · Net assets without donor restrictions

    beginning of year $57,862,436 · end of year $60,787,593

  • 28 · Net assets with donor restrictions

    beginning of year $791,596,975 · end of year $775,001,680

Mission and programs · 2024

Mission

UNCF'S MISSION IS TO BUILD A ROBUST AND NATIONALLY-RECOGNIZED PIPELINE OF UNDER-REPRESENTED STUDENTS WHO, BECAUSE OF UNCF SUPPORT, BECOME HIGHLY-QUALIFIED COLLEGE GRADUATES AND TO ENSURE THAT OUR NETWORK OF MEMBER INSTITUTIONS IS A RESPECTED MODEL OF BEST (SEE SCHEDULE O) PRACTICE IN MOVING STUDENTS TO AND THROUGH COLLEGE.

Activities or mission (Part I)

TO ENSURE ALL AMERICANS HAVE EQUAL ACCESS TO A COLLEGE EDUCATION THAT PREPARES (SEE SCHEDULE O) THEM FOR RICH INTELLECTUAL LIVES, COMPETITIVE AND FULFILLING CAREERS, ENGAGED CITIZENSHIP AND SERVICE TO OUR NATION.UNCF HAS HELPED MORE THAN 500,000 STUDENTS EARN THEIR COLLEGE DEGREES SINCE ITS FOUNDING IN 1944. UNCF IS THE NATION'S LARGEST PRIVATE SCHOLARSHIP PROVIDER TO MINORITY GROUP MEMBERS. EACH YEAR, WE AWARD MORE THAN $100 MILLION IN SCHOLARSHIPS TO STUDENTS ATTENDING MORE THAN 1,100 SCHOOLS ACROSS THE COUNTRY, INCLUDING OUR PRESTIGIOUS NETWORK OF 37 MEMBER HBCUS. UNCF MEMBER HBCUS ARE KNOWN FOR THEIR ACHIEVEMENTS - AWARDING UNDERGRADUATE AND GRADUATED DEGREES - PROVIDING IMPRESSIVE RESULTS THROUGH RESEARCH AND PROMOTING ECONOMIC BENEFITS THAT YIELD MAJOR IMPACT FOR THEIR COMMUNITIES, REGIONS, STATES, THE NATION, AND THE WORLD.

  • DIRECT PROGRAM EXPENDITURES RELATED TO DISBURSEMENTS OF SCHOLARSHIPS AND COSTS FOR EVALUATING ELIGIBILITY FOR SCHOLARSHIPS AND EXPENSES ASSOCIATED WITH PROVIDING TECHNICAL ASSISTANCE TO MEMBER SCHOOLS AND OTHER INSTITUTIONS.THE WORK OF UNCF'S GROWING PORTFOLIO OF SCHOLARSHIP PROGRAMS IS UNRIVALED AND INCLUDES A VARIETY OF SCHOLARSHIP PROGRAMS MANAGED BY UNCF, SUCH AS THE FUND II FOUNDATION UNCF STEM SCHOLARS PROGRAM, UNCF/KOCH SCHOLARS PROGRAM, K-12 EDUCATION FELLOWSHIP AND THE FREDERICK DOUGLASS BICENTENNIAL SCHOLARSHIP PROGRAM. THE PANDA CARES SCHOLARS PROGRAM HAS EXPANDED TO A THREE-YEAR RENEWABLE SCHOLARSHIP AWARD, AND THE FUND II STEM SCHOLARS PROGRAM COMPLETED ITS THIRD (SEE SCHEDULE O)COHORT, CONTINUING TO BUILD ON AN IMPRESSIVE RECORD OF STUDENT OUTCOMES. THE WALTON FELLOWS PROGRAM, AN EDUCATIONAL REFORM PROGRAM AIMED AT HELPING INFORM NEW EDUCATORS ON HOW TO IMPROVE THE K-12 EDUCATION SYSTEM FROM THE INSIDE OUT, CELEBRATED ITS 10TH YEAR. TOGETHER, THESE UNCF SCHOLARSHIP AND STUDENT PROFESSIONAL DEVELOPMENT (INTERNSHIP) PROGRAMS AS WELL AS DOZENS OF OTHER SCHOLARSHIPS, INTERNSHIPS, FELLOWSHIPS AND FACULTY DEVELOPMENT OPPORTUNITIES ADD UP TO SOME OF THE NEWEST, BEST, AND STRONGEST OFFERINGS UNCF HAS FOR STUDENTS AND EDUCATORS, WITH MUCH MORE TO COME. HELPING YOUNG PEOPLE, ESPECIALLY AFRICAN AMERICAN AND OTHER MINORITY STUDENTS, GET AN EDUCATION THAT STARTS ON THE FIRST DAY OF PRESCHOOL AND DOESN'T END UNTIL COLLEGE GRADUATION IS WHAT UNCF IS ALL ABOUT. A THREE-PILLAR STRATEGY GUIDES OUR MISSION: POSITIONING MEMBER INSTITUTIONS AS A VIABLE COLLEGE OPTION FOR STUDENTS AND INVESTING IN INSTITUTIONAL CAPACITY TO IMPROVE STUDENT OUTCOMES; CREATING TRANSFORMATIONAL SUPPORT PROGRAMS TO ENSURE STUDENTS ARE ENROLLING AND PERSISTING THROUGH COLLEGE COMPLETION; BUILDING AWARENESS OF EDUCATIONAL ATTAINMENT AND CULTIVATING COLLEGE-GOING BEHAVIORS WITHIN THE AFRICAN AMERICAN COMMUNITY. THE ONGOING RAPID RISE IN THE COST OF COLLEGE ATTENDANCE, THE INABILITY TO EARN FUNDS DURING THE COVID-19 PANDEMIC AND DECREASING FINANCIAL AID HAVE CAUSED MORE AND MORE STUDENTS TO APPLY TO UNCF FOR ASSISTANCE EACH YEAR. HOWEVER, WE CAN SUPPORT ONLY ONE OUT OF EVERY 10 STUDENTS WHO APPLIES. THESE STUDENTS ARE OUR FUTURE HEALTH PROFESSIONALS, SOCIAL WORKERS, TEACHERS, GOVERNMENT POLICY MAKERS, ENTREPRENEURS, BUSINESS LEADERS AND MILITARY MEN AND WOMEN - THEY ARE THE FUTURE PROSPERITY OF OUR NATION. WE THANK ALL DONORS, PAST AND CURRENT FOR THEIR FINANCIAL CONTRIBUTIONS AND VOLUNTEERISM AND HOPE NEW DONORS ARE INSPIRED TO SUPPORT UNCF'S WORTHY MISSION BY GIVING AS DEEPLY AS POSSIBLE BECAUSE "A MIND IS A TERRIBLE THING TO WASTE, BUT A WONDERFUL THING TO INVEST IN."

    Expenses $99,385,148 · Grants $57,625,190

  • THE GATES MILLENNIUM SCHOLARS PROGRAM (GMSP) COVERS COST OF EDUCATION TO SUPPORT UNDERGRADUATE PROGRAMS FOR OUTSTANDING STUDENTS OF COLOR WITH SIGNIFICANT FINANCIAL NEED, AND THE COSTS THROUGH DOCTORAL DEGREES IN SEVEN TARGET DISCIPLINES FOR STUDENTS SELECTED AS GATES MILLENNIUM SCHOLARS. GMSP, THE MOST EXTENSIVE PROGRAM IN UNCF'S HISTORY, WAS AWARDED IN 1999 BY THE BILL AND MELINDA GATES FOUNDATION FOR $1.6 BILLION. THS 20-YEAR PROGRAM SUNSETS IN 2029.

    Expenses $16,175,163 · Grants $13,074,301

  • DISTRIBUTIONS TO MEMBER INSTITUTIONS OF UNCF.

    Expenses $23,997,206 · Grants $23,997,206

  • INSTITUTIONAL SERVICES PROVIDED TO MEMBER INSTITUTIONS OF UNCF AND OTHER PROGRAM SERVICES.

    Expenses $4,848,057 · Grants $13,852 · Revenue $16,000

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • MR MILTON H JONES JR

    CHAIR OF THE BOARD

    Total calculated
    $0
    Hours/week
    9.6

  • DR GEORGE T FRENCH JR

    VICE CHAIR/INSTITUTIONAL DIRECTOR

    Total calculated
    $0
    Hours/week
    0.75

  • MR ALFRED G GOLDSTEIN

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    0.75

  • MR KIETH COCKRELL

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • MS CELIA A COLBERT

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1.25

  • MR GREGORY G CUNNINGHAM

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • MR VLADIMIR GALIOTHE

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • MR PAUL GAMA

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • MR GERALD JOHNSON

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • MR ALOYSIUS MCLAUGHLIN

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.75

  • MR KENNETH B MEHLMAN

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • MR BEN MINICUCCI

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • MS RHONDA MORRIS

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • MS TARA PARKER

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • MR MARCUS PURTY

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • MS LAURIE READHEAD

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • MS DANETTE ANTHONY REED

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • MR DAVID SABLE

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • MS LASONJA SCOTT

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • MR WILLIAM F STASIOR

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2.5

  • MR TERRY WOODARD

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • MR SAFROADU YEBOAH-AMANKWAH

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • DR ANTHONY J DAVIS

    INSTITUTIONAL DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • DR PAULETTE DILLARD

    INSTITUTIONAL DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • DR HERMAN J FELTON JR

    INSTITUTIONAL DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • DR DWIGHT J FENNELL

    INSTITUTIONAL DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • DR RONNIE HOPKINS

    INSTITUTIONAL DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • DR GLENELL M LEE-PRUITT

    INSTITUTIONAL DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • DR YOLANDA W PAGE

    INSTITUTIONAL DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • DR MELVA K WALLACE

    INSTITUTIONAL DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • DR SUZANNE E WALSH

    INSTITUTIONAL DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • DR MICHAEL L LOMAX

    PRESIDENT & CEO

    Total calculated
    $1,423,381
    From this org
    $1,304,933
    From related orgs
    $0
    Other
    $118,448
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $709,718
    Bonus
    $495,000
    Other
    $100,215
    Deferred
    $90,250
    Nontaxable benefits
    $28,198
    Filer's total
    $1,423,381

  • MS THERESE BADON

    SVP, DEV NORTHERN DIVISION

    Total calculated
    $345,635
    From this org
    $308,402
    From related orgs
    $0
    Other
    $37,233
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $253,902
    Bonus
    $39,000
    Other
    $15,500
    Deferred
    $10,836
    Nontaxable benefits
    $26,397
    Filer's total
    $345,635

  • MS DESIREE C BOYKIN

    SVP, GENERAL COUNSEL & SECRETARY

    Total calculated
    $373,374
    From this org
    $324,479
    From related orgs
    $0
    Other
    $48,895
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $321,978
    Bonus
    $0
    Other
    $2,501
    Deferred
    $22,637
    Nontaxable benefits
    $26,258
    Filer's total
    $373,374

  • MR JOHN HENRY

    EVP, CFO & TREASURER

    Total calculated
    $191,005
    From this org
    $186,054
    From related orgs
    $0
    Other
    $4,951
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $160,576
    Bonus
    $25,000
    Other
    $478
    Deferred
    $0
    Nontaxable benefits
    $4,951
    Filer's total
    $191,005

  • MS KIERA J LINDSAY

    ASST GENERAL COUNSEL & SECRETARY

    Total calculated
    $132,742
    From this org
    $124,410
    From related orgs
    $0
    Other
    $8,332
    Hours/week
    50

  • MR ARMANI B SCOTT

    ASST GENERAL COUNSEL & SECRETARY

    Total calculated
    $193,560
    From this org
    $170,950
    From related orgs
    $0
    Other
    $22,610
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $158,857
    Bonus
    $11,284
    Other
    $809
    Deferred
    $10,766
    Nontaxable benefits
    $11,844
    Filer's total
    $193,560

  • MS GENET A YILMA

    SVP, ACCT & FINANCE, ASST TREASURER

    Total calculated
    $353,574
    From this org
    $322,803
    From related orgs
    $0
    Other
    $30,771
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $278,298
    Bonus
    $40,539
    Other
    $3,966
    Deferred
    $18,252
    Nontaxable benefits
    $12,519
    Filer's total
    $353,574

  • MR EARLY REESE

    COO

    Total calculated
    $714,224
    From this org
    $579,321
    From related orgs
    $0
    Other
    $134,903
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $452,307
    Bonus
    $92,033
    Other
    $34,981
    Deferred
    $122,147
    Nontaxable benefits
    $12,756
    Filer's total
    $714,224

  • MR MAURICE JENKINS

    EVP & CHIEF DEVELOPMENT OFFICER

    Total calculated
    $821,341
    From this org
    $710,668
    From related orgs
    $0
    Other
    $110,673
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $358,812
    Bonus
    $316,875
    Other
    $34,981
    Deferred
    $98,794
    Nontaxable benefits
    $11,879
    Filer's total
    $821,341

  • MS LAJUAN LYLES

    EVP, PEOPLE & CULTURE

    Total calculated
    $525,037
    From this org
    $418,495
    From related orgs
    $0
    Other
    $106,542
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $320,856
    Bonus
    $67,253
    Other
    $30,386
    Deferred
    $80,073
    Nontaxable benefits
    $26,469
    Filer's total
    $525,037

  • MR LAWRENCE GRIFFITH JR

    EVP, SCHOLARSHIPS & PROGRAMS

    Total calculated
    $453,676
    From this org
    $417,250
    From related orgs
    $0
    Other
    $36,426
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $337,911
    Bonus
    $52,500
    Other
    $26,839
    Deferred
    $23,867
    Nontaxable benefits
    $12,559
    Filer's total
    $453,676

  • MR LODRIGUEZ MURRAY

    SVP, PUBLIC POLICY & GOV. AFFAIRS

    Total calculated
    $438,313
    From this org
    $354,002
    From related orgs
    $0
    Other
    $84,311
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $308,769
    Bonus
    $44,651
    Other
    $582
    Deferred
    $71,752
    Nontaxable benefits
    $12,559
    Filer's total
    $438,313

  • MS PAULETTE JACKSON

    SVP, NATIONAL DEVELOPMENT

    Total calculated
    $351,918
    From this org
    $321,527
    From related orgs
    $0
    Other
    $30,391
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $269,856
    Bonus
    $39,690
    Other
    $11,981
    Deferred
    $19,079
    Nontaxable benefits
    $11,312
    Filer's total
    $351,918

  • MR ROBERT RUCKER

    SVP, CIO, ENTERPRISE TECHNOLOGY

    Total calculated
    $357,963
    From this org
    $331,944
    From related orgs
    $0
    Other
    $26,019
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $291,463
    Bonus
    $28,500
    Other
    $11,981
    Deferred
    $0
    Nontaxable benefits
    $26,019
    Filer's total
    $357,963

  • MR MARC A BARNES

    SVP, PRINCIPAL GIFTS & STRATEGY

    Total calculated
    $600,933
    From this org
    $499,745
    From related orgs
    $0
    Other
    $101,188
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $351,445
    Bonus
    $122,800
    Other
    $25,500
    Deferred
    $69,507
    Nontaxable benefits
    $31,681
    Filer's total
    $600,933

  • MR SEKOU BIDDLE

    SVP, ADVOCACY & STUDENT DEV.

    Total calculated
    $254,535
    From this org
    $252,823
    From related orgs
    $0
    Other
    $1,712
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $236,723
    Bonus
    $16,100
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $1,712
    Filer's total
    $254,535

  • MS AKOSUA ALI

    SVP STRATEGIC INITIATIVES

    Total calculated
    $302,243
    From this org
    $275,000
    From related orgs
    $0
    Other
    $27,243
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $275,000
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $27,243
    Filer's total
    $302,243

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

  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Form 990 of other organizations
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4a · Severance or change-of-control payment
  • 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 4B
NON-QUALIFIED DEFERRED COMPENSATION PLANS ARE IN PLACE FOR DR. MICHAEL LOMAX, PRESIDENT & CEO; MR. EARLY REESE, CHIEF OPERATING OFFICER; MR. MAURICE JENKINS, EVP & CHIEF DEVELOPMENT OFFICER; MR. LODRIGUEZ MURRAY, VP, GOVERNMENT AFFAIRS; MS. LAJUAN LYLES, SVP, HR AND ADMINISTRATION; AND MR. MARC BARNES, SVP FOR PRINCIPAL GIFTS AND STRATEGIC IMPACT. THE TERMS AND CONDITIONS OF EACH OF THE RETIREMENT PLANS ARE IN KEEPING WITH THOSE OFFERED BY COMPARABLE INSTITUTIONS AND ARE DESIGNED TO ENSURE LONG-TERM TENURE. IN 2024, UNCF DEFERRED $16,667, $100,000, $75,000, $42,187, $20,833, AND $50,000 FOR DR. LOMAX, MR. REESE, MR. JENKINS, MS. LYLES, MR. BARNES, AND MR. MURRAY RESPECTIVELY.

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

The 10 largest by cash amount. The API serves every itemized grant.

Provenance

Return type
form_990
Tax year
2024
Filed
6 February 2026
IRS schema version
2024v5.5
Source object
202600379349300125

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

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