Skip to content
Nonprofiteer
← SPELMAN COLLEGE

Form 990 for tax year 2023

Filed by SPELMAN COLLEGE.

Totals

Total revenue
$288,422,165
Total expenses
$171,469,550
Contributions and grants received
$134,904,040
Grants paid
$28,649,995
Program service revenue
$111,199,806
Investment income
$41,688,146
Other revenue
$630,173
Total assets, end of year
$993,511,573
Total liabilities, end of year
$65,693,878
Net assets or fund balances, end of year
$927,817,695
Program services expenses (Part IX)
$139,695,069
Management and general expenses
$26,333,273
Fundraising expenses
$5,441,208
Program service expenses (Part III)
$139,695,069

Program services were 81.5% 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

    $0

  • 1b · Membership dues

    $0

  • 1c · Fundraising events

    $0

  • 1d · Related organizations

    $0

  • 1e · Government grants (contributions)

    $14,480,383

  • 1f · All other contributions, gifts and grants

    $120,423,657

  • 1g · Noncash contributions included above

    $11,455,120

  • 2a · Program service revenue: TUITION AND FEES

    total $80,273,617 · related or exempt $80,273,617

  • 2b · Program service revenue: AUXILIARY FEES

    total $30,926,189 · related or exempt $30,926,189

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $11,355,448 · unrelated business -$34,255 · excluded $11,389,703

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7a · Gross sales of assets other than inventory

    securities $328,411,074

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

    securities $298,078,376

  • 7c · Gain or loss

    securities $30,332,698 · other assets $0

  • 7d · Net gain or loss

    total $30,332,698 · excluded $30,332,698

  • 11a · Other revenue: VENDING & COMMISSIONS

    total $169,957 · related or exempt $169,957

  • 11b · Other revenue: Extended Payment

    total $216,380 · related or exempt $216,380

  • 11c · Other revenue: Bookstore Rental

    total $145,045 · related or exempt $145,045

  • 11d · All other revenue

    total $98,791 · related or exempt $98,791 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $630,173

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $254,590 · program services $254,590

  • 2 · Grants to domestic individuals

    total $28,161,340 · program services $28,161,340

  • 3 · Grants to foreign organizations and individuals

    total $234,065 · program services $234,065

  • 5 · Compensation of officers, directors and key employees

    total $3,567,779 · program services $1,616,945 · management and general $1,664,157 · fundraising $286,677

  • 7 · Other salaries and wages

    total $66,715,005 · program services $59,050,756 · management and general $4,724,334 · fundraising $2,939,915

  • 8 · Pension plan contributions

    total $2,750,283 · program services $2,024,198 · management and general $353,403 · fundraising $372,682

  • 9 · Other employee benefits

    total $11,056,589 · program services $9,209,023 · management and general $1,607,796 · fundraising $239,770

  • 10 · Payroll taxes

    total $4,121,448 · program services $3,389,925 · management and general $591,844 · fundraising $139,679

  • 11b · Fees: legal

    total $396,609 · management and general $396,609

  • 11c · Fees: accounting

    total $409,265 · management and general $409,265

  • 11d · Fees: lobbying

    total $77,000 · management and general $77,000

  • 11e · Fees: professional fundraising services

    total $35,000 · fundraising $35,000

  • 11f · Fees: investment management

    total $680,065 · management and general $680,065

  • 11g · Fees: other

    total $4,175,266 · program services $2,895,698 · management and general $1,169,162 · fundraising $110,406

  • 13 · Office expenses

    total $5,407,481 · program services $4,239,640 · management and general $969,879 · fundraising $197,962

  • 16 · Occupancy

    total $3,781,705 · program services $3,363,669 · management and general $418,036

  • 17 · Travel

    total $3,371,355 · program services $2,816,369 · management and general $420,353 · fundraising $134,633

  • 20 · Interest

    total $1,681,002 · program services $1,209,042 · management and general $471,960

  • 22 · Depreciation, depletion and amortization

    total $5,192,092 · program services $4,565,370 · management and general $626,722

  • 23 · Insurance

    total $2,077,438 · program services $1,864,739 · management and general $212,699

  • 24a · Other expenses: PURCHASED SERVICES

    total $5,297,025 · program services $4,631,645 · management and general $664,429 · fundraising $951

  • 24b · Other expenses: A.U.C. LIBRARY

    total $3,925,483 · program services $3,544,717 · management and general $380,766

  • 24c · Other expenses: SPECIAL PROJECTS

    total $3,415,083 · program services $2,308,992 · management and general $196,093 · fundraising $909,998

  • 24d · Other expenses: BOND COSTS

    total $1,753,483 · management and general $1,753,483

  • 24e · All other expenses

    total $12,933,099 · program services $4,314,346 · management and general $8,545,218 · fundraising $73,535

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $127,841,957 · end of year $95,015,997

  • 2 · Savings and temporary cash investments

    beginning of year $0 · end of year $0

  • 3 · Pledges and grants receivable

    beginning of year $37,630,191 · end of year $106,601,575

  • 4 · Accounts receivable

    beginning of year $540,591 · end of year $207,919

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 7 · Other notes and loans receivable

    beginning of year $0 · end of year $0

  • 8 · Inventories for sale or use

    beginning of year $0 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $0 · end of year $0

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

    $388,321,059

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

    $148,784,645

  • 10c · Land, buildings and equipment, net

    beginning of year $187,916,335 · end of year $239,536,414

  • 11 · Investments: publicly traded securities

    beginning of year $51,852,298 · end of year $96,473,166

  • 12 · Investments: other securities

    beginning of year $462,121,716 · end of year $452,803,518

  • 13 · Investments: program-related

    beginning of year $0

  • 14 · Intangible assets

    beginning of year $0 · end of year $0

  • 15 · Other assets

    beginning of year $3,023,433 · end of year $2,872,984

  • 17 · Accounts payable and accrued expenses

    beginning of year $18,321,249 · end of year $17,338,713

  • 18 · Grants payable

    beginning of year $0 · end of year $0

  • 19 · Deferred revenue

    beginning of year $1,088,854 · end of year $891,692

  • 20 · Tax-exempt bond liabilities

    beginning of year $50,732,747 · end of year $45,364,028

  • 21 · Escrow or custodial account liability

    beginning of year $0 · end of year $0

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $0 · end of year $0

  • 24 · Unsecured notes and loans payable

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $1,901,019 · end of year $2,099,445

  • 27 · Net assets without donor restrictions

    beginning of year $213,840,406 · end of year $234,287,493

  • 28 · Net assets with donor restrictions

    beginning of year $585,042,246 · end of year $693,530,202

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $0 · end of year $0

Mission and programs · 2023

Mission

SEE SCHEDULE O

Activities or mission (Part I)

SPELMAN COLLEGE, A HISTORICALLY BLACK COLLEGE AND GLOBAL LEADER IN THE EDUCATION OF WOMEN OF AFRICAN DESCENT, IS DEDICATED TO THE ACADEMIC EXCELLENCE OF ITS STUDENTS.

  • INSTRUCTION, STUDENT SERVICES, AND ACADEMIC SUPPORT FOUNDED IN 1881, SPELMAN COLLEGE IS A PRIVATE, NONPROFIT INSTITUTION OF HIGHER EDUCATION BASED IN ATLANTA, GEORGIA. THE COLLEGE IS ACCREDITED BY THE COMMISSION ON COLLEGES OF THE SOUTHERN ASSOCIATION OF COLLEGES AND SCHOOLS AND PROVIDES QUALITY LIBERAL ARTS EDUCATION AND TRAINING SERVICES FOR APPROXIMATELY 2,500 UNDERGRADUATE STUDENTS. IN ADDITION, THE COLLEGE MAINTAINS SPECIAL PROGRAMS SUCH AS CONTINUING EDUCATION, SUMMER SCIENCE AND DUAL DEGREES IN ENGINEERING. SPELMAN COLLEGE ALSO PROVIDES A DYNAMIC AND INTERACTIVE CAMPUS COMMUNITY WITH A VARIETY OF DIVERSE PROGRAMS AND SERVICES DESIGNED TO ENHANCE THE PERSONAL GROWTH AND DEVELOPMENT OF ITS STUDENTS. ACADEMIC SUPPORT SERVICES INCLUDES DEPARTMENTS THAT PROVIDE TUTORING AND ACADEMIC SUPPORT PROGRAMS. ACADEMIC SUPPORT SERVICES ALSO PARTNERS WITH THE STUDENT SUCCESS PROGRAM, WHICH PROVIDES COURSE SUPPORT FOR STUDENTS TO MASTER COURSE CONTENT AND ULTIMATELY ATTAIN THEIR ACADEMIC GOALS.

    Expenses $106,923,661 · Grants $28,649,995 · Revenue $80,903,790

  • AUXILIARY ENTERPRISES AS A RESIDENTIAL LIBERAL ARTS COLLEGE, SPELMAN COLLEGE PROVIDES ON CAMPUS HOUSING FOR APPROXIMATELY 1,400 STUDENTS. SPELMAN ALSO PROVIDES DINING SERVICES TO ITS RESIDENTIAL STUDENTS, AS WELL AS COMMUTER STUDENTS, FACULTY, STAFF AND OTHERS. SPELMAN OPERATES A 500 SPACE PARKING DECK FOR FACULTY, STAFF, AND STUDENTS. ADDITIONALLY, SPELMAN OFFERS A VARIETY OF SUMMER CONFERENCES FOR HIGH SCHOOL STUDENTS AND OTHER INTERESTED STUDENTS.

    Expenses $26,634,636 · Revenue $30,926,189

  • RESEARCH SPELMAN COLLEGE PERFORMS RESEARCH, TRAINING, AND OTHER SIMILAR SERVICES UNDER GRANTS WITH GOVERNMENTAL AGENCIES OR SPONSORING ORGANIZATIONS.

    Expenses $5,860,505

  • PUBLIC SERVICE

    Expenses $276,267

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Colleen J Taylor

    VICE-CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Gwendolyn Adams Norton

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • Helene Gayle

    President

    Total calculated
    $668,316
    From this org
    $621,225
    From related orgs
    $0
    Other
    $47,091
    Hours/week
    35 + 35 related

    Schedule J breakdown matched by us

    Base
    $621,225
    Bonus
    $0
    Other
    $0
    Deferred
    $33,638
    Nontaxable benefits
    $13,453
    Filer's total
    $668,316

  • Lovette T Russell

    CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Ronda E Stryker

    VICE-CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Allegra Lawrence-Hardy

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Bonnie Shelton Carter

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Breah Banks

    STUDENT REPRESENTATIVE

    Total calculated
    $0
    Hours/week
    2

  • Cara Johnson Hughes

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Carmen D Harris

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Cheryl Mayberry McKissack

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Claire Arnold

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Cynthia E Jackson

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Elizabeth Mccormack

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Frank Baker

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2 + 1 related

  • G G Michelson

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Helen Smith Price

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Janine Brown

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • June Gary Hopps

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Kamau Bobb

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Karen Brakke PHD

    Faculty Trustee/Professor

    Total calculated
    $122,297
    From this org
    $108,587
    From related orgs
    $0
    Other
    $13,710
    Hours/week
    35 + 1 related

  • Kathy N Waller

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Kaye Foster

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Keva Wright Berry

    ALUMNA REPRESENTATIVE

    Total calculated
    $0
    Hours/week
    2

  • Lawrence M Schall

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Lisa Hibbard

    Faculty Representative

    Total calculated
    $143,413
    From this org
    $132,313
    From related orgs
    $0
    Other
    $11,100
    Hours/week
    2

  • Loren K Robinson

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Marian Wright Edelman

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Pauletta Washington

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Peggy Dulany

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Rosalind G Brewer

    Chair Emerita

    Total calculated
    $0
    Hours/week
    2

  • Russell Edgerton PHD

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Sherina Maye Edwards

    Alumna Trustee

    Total calculated
    $0
    Hours/week
    2

  • Susan Dunn

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Suzanne F Shank

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Theodore R Aronson

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2 + 1 related

  • Vicki Palmer

    Trustee

    Total calculated
    $0
    Hours/week
    2

  • Yvonne R Jackson

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Zoe Shepard

    Student Trustee

    Total calculated
    $0
    Hours/week
    2

  • Darryl Holloman

    VP of Academic Affairs

    Total calculated
    $252,584
    From this org
    $209,413
    From related orgs
    $0
    Other
    $43,171
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $209,413
    Bonus
    $0
    Other
    $0
    Deferred
    $15,024
    Nontaxable benefits
    $28,147
    Filer's total
    $252,584

  • Dawn Alston

    CFO and SVP of Business and Financial Affairs

    Total calculated
    $371,521
    From this org
    $324,635
    From related orgs
    $0
    Other
    $46,886
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $324,635
    Bonus
    $0
    Other
    $0
    Deferred
    $22,745
    Nontaxable benefits
    $24,141
    Filer's total
    $371,521

  • Ingrid Hayes

    SVP of Enrollment Management

    Total calculated
    $296,162
    From this org
    $254,635
    From related orgs
    $0
    Other
    $41,527
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $254,635
    Bonus
    $0
    Other
    $0
    Deferred
    $9,135
    Nontaxable benefits
    $32,392
    Filer's total
    $296,162

  • John Wilson

    VP and Chief Information Officer

    Total calculated
    $264,688
    From this org
    $222,633
    From related orgs
    $0
    Other
    $42,055
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $222,633
    Bonus
    $0
    Other
    $0
    Deferred
    $9,135
    Nontaxable benefits
    $32,920
    Filer's total
    $264,688

  • Myra Burnett

    VP Institutional Resarch

    Total calculated
    $261,334
    From this org
    $230,230
    From related orgs
    $0
    Other
    $31,104
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $230,230
    Bonus
    $0
    Other
    $0
    Deferred
    $16,315
    Nontaxable benefits
    $14,789
    Filer's total
    $261,334

  • Terri Reed

    Secretary of the College

    Total calculated
    $307,023
    From this org
    $273,607
    From related orgs
    $0
    Other
    $33,416
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $273,607
    Bonus
    $0
    Other
    $0
    Deferred
    $19,184
    Nontaxable benefits
    $14,232
    Filer's total
    $307,023

  • Lydia Sermons

    VP for Public Relations & Communications

    Total calculated
    $232,225
    From this org
    $187,230
    From related orgs
    $0
    Other
    $44,995
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $187,230
    Bonus
    $0
    Other
    $0
    Deferred
    $13,499
    Nontaxable benefits
    $31,496
    Filer's total
    $232,225

  • Beverly Guy-Sheftall

    Professor

    Total calculated
    $239,688
    From this org
    $211,827
    From related orgs
    $0
    Other
    $27,861
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $211,827
    Bonus
    $0
    Other
    $0
    Deferred
    $14,798
    Nontaxable benefits
    $13,063
    Filer's total
    $239,688

  • Dolores Bradley

    Professor

    Total calculated
    $263,740
    From this org
    $224,296
    From related orgs
    $0
    Other
    $39,444
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $224,296
    Bonus
    $0
    Other
    $0
    Deferred
    $7,637
    Nontaxable benefits
    $31,807
    Filer's total
    $263,740

  • Grant Warner

    Professor

    Total calculated
    $285,906
    From this org
    $242,201
    From related orgs
    $0
    Other
    $43,705
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $242,201
    Bonus
    $0
    Other
    $0
    Deferred
    $9,889
    Nontaxable benefits
    $33,816
    Filer's total
    $285,906

  • Jessie Brooks

    VP of Institutional Advancement (THRU 9/29/2023)

    Total calculated
    $268,685
    From this org
    $251,869
    From related orgs
    $0
    Other
    $16,816
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $251,869
    Bonus
    $0
    Other
    $0
    Deferred
    $14,758
    Nontaxable benefits
    $2,058
    Filer's total
    $268,685

  • Raquel Hill

    Professor

    Total calculated
    $212,355
    From this org
    $204,768
    From related orgs
    $0
    Other
    $7,587
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $204,768
    Bonus
    $0
    Other
    $0
    Deferred
    $4,492
    Nontaxable benefits
    $3,095
    Filer's total
    $212,355

  • Mary Schmidt Campbell PHD

    Former President/Trustee (THRU 6/30/2022)

    Total calculated
    $38,104
    From this org
    $37,208
    From related orgs
    $0
    Other
    $896
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $37,208
    Bonus
    $0
    Other
    $0
    Deferred
    $896
    Nontaxable benefits
    $0
    Filer's total
    $38,104

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 · Housing allowance or residence for personal use
  • 3 · Written employment contract
  • 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)

Schedule J, Part I, Line 1a Housing allowance or residence for personal use
HOUSING VALUED AT $37,718 WAS PROVIDED TO DR. GAYLE. THE VALUE OF THE HOUSING WAS NOT TREATED AS TAXABLE COMPENSATION.
Schedule J, Part I, Line 4b Supplemental nonqualified retirement plan
PRESIDENT'S OTHER REPORTABLE COMPENSATION SPELMAN COLLEGE PROVIDES CERTAIN EXECUTIVES A SUPPLEMENTAL RETIREMENT PROGRAM. THE PROGRAM IS DEFINED AS DEFERRED COMPENSATION UNDER THE IRC SECTION 457(F). THE UNVESTED ACCOUNT BALANCES ARE ASSETS OF THE ORGANIZATION AND ARE INCLUDED IN OTHER ASSETS, AND THE ACCRUED EXPENSE IS INCLUDED IN PENSION LIABILITY AND OTHER IN THE ACCOMPANYING CONSOLIDATED BALANCE SHEETS. THE AMOUNTS REPORTED IN THE CURRENT YEAR'S DEFERRED COMPENSATION INCLUDES RECOGNITION OF PAST SERVICE. THE AMOUNTS ARE SUBJECT TO A SUBSTANTIAL RISK OF FORFEITURE. ANY DEFERRED CONTRIBUTIONS TO THIS PLAN WILL BE REPORTED AGAIN AS REPORTABLE COMPENSATION IN THE YEAR PAID. FOR THE TAX YEAR ENDING JUNE 30, 2024, THERE WERE NO PAYOUTS OF 457(B) OR 457(F) FORFEITURE DEFERRED COMPENSATION.

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.

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.

Provenance

Return type
form_990
Tax year
2023
Filed
16 May 2025
IRS schema version
2023v6.0
Source object
202511359349317226

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.