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Nonprofiteer
← BETHUNE-COOKMAN UNIVERSITY

Form 990 for tax year 2024

Filed by BETHUNE-COOKMAN UNIVERSITY.

Totals

Total revenue
$107,326,068
Total expenses
$112,689,933
Contributions and grants received
$35,174,594
Grants paid
$21,064,003
Program service revenue
$71,394,711
Investment income
$723,948
Other revenue
$32,815
Total assets, end of year
$230,094,684
Total liabilities, end of year
$101,940,956
Net assets or fund balances, end of year
$128,153,728
Program services expenses (Part IX)
$93,766,086
Management and general expenses
$17,079,161
Fundraising expenses
$1,844,686
Program service expenses (Part III)
$93,766,086

Program services were 83.2% 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)

    $27,034,253

  • 1f · All other contributions, gifts and grants

    $8,140,341

  • 1g · Noncash contributions included above

    $917,630

  • 2a · Program service revenue: TUITION & FEES

    total $42,582,019 · related or exempt $42,582,019

  • 2b · Program service revenue: AUXILIARY ENTERPRISES

    total $27,658,285 · related or exempt $27,658,285

  • 2c · Program service revenue: OTHER PROGRAM SERVICE REVENUE

    total $1,154,407 · related or exempt $1,154,407

  • 2f · All other program service revenue

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

  • 3 · Investment income

    total $522,752 · excluded $522,752

  • 6a · Gross rents

    real property $13,100

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $13,100 · personal property $0

  • 6d · Net rental income or loss

    total $13,100 · excluded $13,100

  • 7a · Gross sales of assets other than inventory

    securities $794,745 · other assets $2,300

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

    securities $595,849

  • 7c · Gain or loss

    securities $198,896 · other assets $2,300

  • 7d · Net gain or loss

    total $201,196 · excluded $201,196

  • 11a · Other revenue: VENDING MACHINE INCOME

    total $19,715 · excluded $19,715

  • 11d · All other revenue

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

  • 11e · Other revenue, total

    $19,715

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $21,064,003 · program services $21,064,003

  • 3 · Grants to foreign organizations and individuals

    total $0 · program services $0

  • 4 · Benefits paid to or for members

    total $0 · program services $0

  • 5 · Compensation of officers, directors and key employees

    total $1,776,333 · program services $1,046,323 · management and general $643,345 · fundraising $86,665

  • 6 · Compensation of disqualified persons

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 7 · Other salaries and wages

    total $32,174,116 · program services $26,656,041 · management and general $4,990,959 · fundraising $527,116

  • 8 · Pension plan contributions

    total $210,543 · program services $98,495 · management and general $101,017 · fundraising $11,031

  • 9 · Other employee benefits

    total $3,327,020 · program services $2,524,213 · management and general $786,533 · fundraising $16,274

  • 10 · Payroll taxes

    total $2,270,073 · program services $1,891,912 · management and general $332,218 · fundraising $45,943

  • 11a · Fees: management

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 11b · Fees: legal

    total $454,486 · program services $3,276 · management and general $448,380 · fundraising $2,830

  • 11c · Fees: accounting

    total $256,314 · program services $0 · management and general $173,814 · fundraising $82,500

  • 11d · Fees: lobbying

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 11e · Fees: professional fundraising services

    total $0 · fundraising $0

  • 11f · Fees: investment management

    total $29,757 · program services $0 · management and general $29,757 · fundraising $0

  • 11g · Fees: other

    total $6,771,242 · program services $5,321,440 · management and general $929,718 · fundraising $520,084

  • 12 · Advertising and promotion

    total $438,388 · program services $207,729 · management and general $4,927 · fundraising $225,732

  • 13 · Office expenses

    total $3,212,458 · program services $2,574,317 · management and general $540,612 · fundraising $97,529

  • 14 · Information technology

    total $6,993,741 · program services $3,186,282 · management and general $3,692,839 · fundraising $114,620

  • 15 · Royalties

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 16 · Occupancy

    total $9,454,593 · program services $7,151,871 · management and general $2,302,722 · fundraising $0

  • 17 · Travel

    total $3,917,116 · program services $3,628,528 · management and general $229,565 · fundraising $59,023

  • 18 · Travel or entertainment for public officials

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 19 · Conferences, conventions and meetings

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 20 · Interest

    total $2,154,322 · program services $1,695,927 · management and general $458,395 · fundraising $0

  • 21 · Payments to affiliates

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 22 · Depreciation, depletion and amortization

    total $6,404,345 · program services $5,128,076 · management and general $1,276,269 · fundraising $0

  • 23 · Insurance

    total $2,992,666 · program services $2,992,666 · management and general $0 · fundraising $0

  • 24a · Other expenses: STUDENT FOOD SERVICE

    total $8,788,417 · program services $8,594,987 · management and general $138,091 · fundraising $55,339

  • 24e · All other expenses

    total $0 · program services $0 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $15,899,745 · end of year $10,025,155

  • 3 · Pledges and grants receivable

    beginning of year $10,598,072 · end of year $8,886,509

  • 4 · Accounts receivable

    beginning of year $1,727,309 · end of year $2,353,846

  • 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

  • 9 · Prepaid expenses and deferred charges

    beginning of year $378,413 · end of year $833,874

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

    $258,810,048

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

    $110,639,472

  • 10c · Land, buildings and equipment, net

    beginning of year $143,067,628 · end of year $148,170,576

  • 11 · Investments: publicly traded securities

    end of year $45,888,112

  • 12 · Investments: other securities

    beginning of year $41,136,933 · end of year $27,263

  • 13 · Investments: program-related

    beginning of year $0

  • 15 · Other assets

    beginning of year $15,033,750 · end of year $13,909,349

  • 17 · Accounts payable and accrued expenses

    beginning of year $3,942,981 · end of year $7,738,559

  • 19 · Deferred revenue

    beginning of year $1,769,801 · end of year $2,583,012

  • 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 $92,617,761 · end of year $89,026,374

  • 25 · Other liabilities

    beginning of year $1,565,739 · end of year $2,593,011

  • 27 · Net assets without donor restrictions

    beginning of year $92,998,483 · end of year $89,442,314

  • 28 · Net assets with donor restrictions

    beginning of year $34,947,085 · end of year $38,711,414

Mission and programs · 2024

Mission

THE MISSION OF BETHUNE-COOKMAN UNIVERSITY IS TO EDUCATE A DIVERSE COMMUNITY OF LEARNERS TO BECOME RESPONSIBLE, PRODUCTIVE CITIZENS AND SOLUTION SEEKERS THROUGH THE PROMOTION OF FAITH, SCHOLARSHIP, CREATIVE ENDEAVORS, LEADERSHIP AND SERVICE.

Activities or mission (Part I)

TO SERVE THE EDUCATIONAL, SOCIAL, AND CULTURAL NEEDS OF ITS STUDENTS.

  • INSTRUCTION: BETHUNE-COOKMAN UNIVERSITY HAS FOUR ACADEMIC COLLEGES: BUSINESS & ENTREPRENEURSHIP; ARTS AND HUMANITIES; NURSING AND HEALTH SCIENCES; SCIENCE, ENGINEERING & MATHEMATICS TO AWARD BACHELOR'S AND MASTER'S DEGREES.

    Expenses $35,942,533 · Revenue $42,582,019

  • AUXILIARY SERVICES: THROUGH ITS FOOD SERVICES DEPARTMENT, MEAL PLANS ARE PROVIDED FOR STUDENTS LIVING ON CAMPUS. A CAFETERIA, IN ADDITION TO A STARBUCKS CAFE AND WORLD OF WINGS ARE ALSO AVAILABLE FOR OFF-CAMPUS STUDENTS, FACULTY AND VISITORS. VARIOUS ATHLETIC PROGRAMS ARE ALSO OFFERED FOR STUDENTS. THE UNIVERSITY ALSO MAINTAINS SEVEN RESIDENCE HALLS THAT PROVIDE FULL LIVING FACILITIES FOR APPROXIMATELY 1,800 STUDENTS. ALL RESIDENCE HALLS ARE CONNECTED TO THE INTERNET. THE BOOKSTORE OFFERS TEXTBOOKS AND OTHER SUPPLIES FOR THE STUDENTS.

    Expenses $27,877,995 · Revenue $27,645,185

  • STUDENT AID: GRANTS AND SCHOLARSHIPS WERE PROVIDED TO STUDENTS BASED ON ACADEMIC AND ATHLETIC ACHIEVEMENT, AND FINANCIAL NEED. THE UNIVERSITY ALSO PARTICIPATES IN VARIOUS FEDERAL AND STATE PROGRAMS OFFERING FINANCIAL AID TO STUDENTS.

    Expenses $21,064,003 · Grants $21,064,003

  • STUDENT SERVICES: STUDENTS ARE INVOLVED IN A VARIETY OF CULTURAL AND SOCIAL PROGRAMS TO ENRICH THEIR EDUCATIONAL EXPERIENCES. SUPPORT FOR STUDENTS WITH LEARNING AND PHYSICAL DISABILITIES ARE ALSO PROVIDED. VARIOUS COMPUTER LABS AND A 24-HOUR LIBRARY ARE OPEN TO ALL STUDENTS TO SUPPORT THEIR EDUCATIONAL EXPERIENCE. BETHUNE-COOKMAN UNIVERSITY ALSO HAS A ROTC OFFICE AVAILABLE TO STUDENTS.

    Expenses $8,881,555 · Revenue $1,167,507

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

Listed in Part VII

  • JEFFERY E BRANCH

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • JENNIFER ADAMS

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • JOYOURS PETE GAMBLE

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    1

  • ADM DAVID BREWER III

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • COURTNEY RHODES

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • DERRICK SCOTT III

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • GREGORIO A FRANCIS ESQ

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • JOHN CROSSMAN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • MARC O'FERRALL

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • REV GERALDINE MCCLELLAN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • DR KAREN BEARDON

    EXECUTIVE VICE PRESIDENT & CHIEF OPERATING OFFICER

    Total calculated
    $325,008
    From this org
    $325,008
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $325,008
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $325,008

  • DR WILLIAM BERRY

    ACTING PRESIDENT/SR. VP

    Total calculated
    $351,000
    From this org
    $350,537
    From related orgs
    $0
    Other
    $463
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $350,537
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $463
    Filer's total
    $351,000

  • JAMES A CLEVELAND

    CHIEF INVESTMENT OFFICER/VP FISCAL AFFAIRS

    Total calculated
    $209,651
    From this org
    $206,713
    From related orgs
    $0
    Other
    $2,938
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $206,713
    Bonus
    $0
    Other
    $0
    Deferred
    $2,552
    Nontaxable benefits
    $386
    Filer's total
    $209,651

  • DR CAMAILLE L SHEPARD

    VP ENROLLMENT MANAGEMENT

    Total calculated
    $162,400
    From this org
    $162,400
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $162,400
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $162,400

  • REGINALD THEUS

    ATHLETIC DIRECTOR/BASKETBALL COACH

    Total calculated
    $530,775
    From this org
    $530,775
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $400,000
    Bonus
    $130,775
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $530,775

  • VALENCIA GALLON- STUBBS

    VP OF LEGAL AFFAIRS AND GENERAL COUNSEL

    Total calculated
    $197,499
    From this org
    $160,587
    From related orgs
    $0
    Other
    $36,912
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $160,587
    Bonus
    $0
    Other
    $0
    Deferred
    $6,000
    Nontaxable benefits
    $30,912
    Filer's total
    $197,499

  • DR DAWN L EASTMOND

    DEAN COLLEGE OF SCIENCE ENGINEERING AND MATHEMATICS

    Total calculated
    $281,431
    From this org
    $250,830
    From related orgs
    $0
    Other
    $30,601
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $250,830
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $30,601
    Filer's total
    $281,431

  • DR JAN A BOULWARE

    DEAN COLLEGE OF ARTS AND HUMANITIES

    Total calculated
    $247,249
    From this org
    $205,587
    From related orgs
    $0
    Other
    $41,662
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $205,587
    Bonus
    $0
    Other
    $0
    Deferred
    $10,750
    Nontaxable benefits
    $30,912
    Filer's total
    $247,249

  • DR SANDRA TUCKER

    DEAN COLLEGE OF NURSING AND HEALTH SCIENCES

    Total calculated
    $193,333
    From this org
    $192,662
    From related orgs
    $0
    Other
    $671
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $192,662
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $671
    Filer's total
    $193,333

  • JARED BROOKS

    ESQ. BOARD RELATIONS & GOVERNMENT AFFAIRS

    Total calculated
    $205,429
    From this org
    $191,685
    From related orgs
    $0
    Other
    $13,744
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $191,685
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $13,744
    Filer's total
    $205,429

  • RAYMOND WOODIE

    HEAD FOOTBALL COACH

    Total calculated
    $250,000
    From this org
    $248,958
    From related orgs
    $0
    Other
    $1,042
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $248,958
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $1,042
    Filer's total
    $250,000

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 · Form 990 of other organizations
  • 3 · Written employment contract
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 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

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

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2024
Filed
15 May 2026
IRS schema version
2024v5.1
Source object
202611359349301841

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