Totals
- Total revenue
- $15,715,830
- Total expenses
- $16,385,083
- Contributions and grants received
- $7,091,389
- Grants paid
- $1,353,028
- Program service revenue
- $7,130,095
- Investment income
- $456,119
- Other revenue
- $1,038,227
- Total assets, end of year
- $38,824,269
- Total liabilities, end of year
- $22,242,190
- Net assets or fund balances, end of year
- $16,582,079
- Program services expenses (Part IX)
- $11,248,289
- Management and general expenses
- $5,136,794
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $11,248,289
Program services were 68.6% 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)
$4,682,249
-
1f · All other contributions, gifts and grants
$2,409,140
-
2a · Program service revenue: Tuition and fees
total $5,401,621 · related or exempt $5,401,621
-
2b · Program service revenue: Sales and services of auxiliary enteprises
total $1,728,474 · related or exempt $1,728,474
-
3 · Investment income
total $456,119 · related or exempt $456,119
-
11a · Other revenue: Other income
total $610,236 · related or exempt $610,236
-
11b · Other revenue: Endowment income appropriated for operations
total $427,991 · related or exempt $427,991
-
11e · Other revenue, total
$1,038,227
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $0
-
2 · Grants to domestic individuals
total $1,353,028 · program services $1,353,028
-
3 · Grants to foreign organizations and individuals
total $0
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $303,107 · management and general $303,107
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $0
-
8 · Pension plan contributions
total $0
-
9 · Other employee benefits
total $0
-
10 · Payroll taxes
total $0
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $0
-
11c · Fees: accounting
total $0
-
11d · Fees: lobbying
total $0
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $0
-
12 · Advertising and promotion
total $0
-
13 · Office expenses
total $0
-
14 · Information technology
total $0
-
15 · Royalties
total $0
-
16 · Occupancy
total $0
-
17 · Travel
total $0
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $0
-
20 · Interest
total $0
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $0
-
23 · Insurance
total $0
-
24a · Other expenses: Instruction
total $1,505,657 · program services $1,505,657
-
24b · Other expenses: Academic Support
total $1,265,542 · program services $790,977 · management and general $474,565
-
24c · Other expenses: Student Services
total $3,380,292 · program services $3,380,292
-
24d · Other expenses: Institutional Support
total $5,221,445 · program services $862,323 · management and general $4,359,122
-
24e · All other expenses
total $3,356,012 · program services $3,356,012
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $1,012,640 · end of year $75,863
-
2 · Savings and temporary cash investments
beginning of year $326,325 · end of year $9,066,533
-
3 · Pledges and grants receivable
beginning of year $45 · end of year $292
-
4 · Accounts receivable
beginning of year $118,577 · end of year $1,454,478
-
8 · Inventories for sale or use
end of year $19,762
-
9 · Prepaid expenses and deferred charges
beginning of year $332,565 · end of year $253,286
-
10a · Land, buildings and equipment: cost or other basis
$52,405,767
-
10b · Land, buildings and equipment: accumulated depreciation
$27,773,587
-
10c · Land, buildings and equipment, net
beginning of year $23,287,558 · end of year $24,632,180
-
11 · Investments: publicly traded securities
beginning of year $10,824,770 · end of year $2,611,240
-
12 · Investments: other securities
beginning of year $487,912 · end of year $512,035
-
15 · Other assets
beginning of year $523,481 · end of year $198,600
-
17 · Accounts payable and accrued expenses
beginning of year $4,120,691 · end of year $4,777,814
-
24 · Unsecured notes and loans payable
beginning of year $16,937,358 · end of year $17,261,740
-
25 · Other liabilities
end of year $202,636
-
27 · Net assets without donor restrictions
beginning of year $9,199,068 · end of year $9,925,323
-
28 · Net assets with donor restrictions
beginning of year $6,656,756 · end of year $6,656,756
Mission and programs · 2024
Mission
To provide a liberal arts education of the highest quality that emphasizes academic excellence, ethical and spiritual values, social responsibility, and personal development to prepare men and women for positions of leadership and service in the African American community, the nation, and the world.
Activities or mission (Part I)
To provide a liberal arts education of the highest quality that emphasizes academic excellence, ethical and spiritual values, social responsibility, and personal development.
-
To sustain a learning community in which students can prepare academically, socially and spiritually for leadership in a complex, diverse and rapidly changing world.
Expenses $7,892,277 · Grants $1,353,028 · Revenue $5,401,621
-
Auxiliary Enterprises support the Colleges mission of providing quality educational opportunities. These services include, but are not limited to food services, campus housing, postal services, parking, vending, campus stores and athletics.
Expenses $3,356,012 · Revenue $1,728,474
As filed on the 2024 return.
Listed in Part VII
-
Mr Lester McCorn
President
- Total calculated
- $121,567
- From this org
- $121,567
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40 + 1 related
-
Mr Leroy Summers Jr
Vice President of Administration and Fiscal Affairs
- Total calculated
- $110,014
- From this org
- $110,014
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40 + 1 related
-
Ms Helene Carter
Vice President of Institutional Advancement
- Total calculated
- $71,526
- From this org
- $71,526
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40 + 1 related
-
Ms Barbara E Bouknight
Trustee
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Ms Sharyn Doanes-Bergin
Trustee
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Reverend James Cason
Trustee
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Dr Carmichael Crutchfield
Secretary
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Dr Lenalda R Corley
Trustee
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Mr J R Henderson
Trustee
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Dr Barbara Burns Hall
Trustee
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Dr Charles G Larke
Trustee
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Mr Adams Roberts
Trustee
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Reverend Jerry D Woodfork Sr
Trustee
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Mr Okoroafor Nzeh
Trustee
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Mr Michael L Thurmond
Chair
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Reverend Dr Tyrone Davis
Trustee
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Bishop Sue Haupert-Johnson
Trustee
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Reverend John Thompson
Trustee
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Bishop Thomas L Brown Sr
Chair-Elect
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Dr Lester G Jackson
Vice Chair
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Ms Robin Dease
Trustee
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Mr David Graves
Trustee
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Mr Derrick Gross
Trustee
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Mr Melvin W Lindsey
Trustee
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Ms Tomekia Starks
Trustee
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Ms Jacqueline I Scott
Trustee
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Mr Victor Taylor
Trustee
- Total calculated
- $0
- Hours/week
- 1 + 1 related
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
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 11 May 2026
- IRS schema version
- 2024v5.2
- Source object
- 202611319349302976
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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