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Nonprofiteer
← FISK UNIVERSITY

Form 990 for tax year 2023

Filed by FISK UNIVERSITY.

Totals

Total revenue
$61,439,408
Total expenses
$59,429,447
Contributions and grants received
$22,907,373
Grants paid
$16,048,419
Program service revenue
$26,100,832
Investment income
$2,064,485
Other revenue
$10,366,718
Total assets, end of year
$233,851,318
Total liabilities, end of year
$64,444,572
Net assets or fund balances, end of year
$169,406,746
Program services expenses (Part IX)
$38,191,183
Management and general expenses
$20,274,246
Fundraising expenses
$964,018
Program service expenses (Part III)
$38,191,183

Program services were 64.3% 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)

    $13,374,110

  • 1f · All other contributions, gifts and grants

    $9,533,263

  • 2a · Program service revenue: TUITION AND FEES

    total $26,100,832 · related or exempt $26,100,832

  • 3 · Investment income

    total $1,646,102 · excluded $1,646,102

  • 7a · Gross sales of assets other than inventory

    securities $418,383

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

    securities $0

  • 7c · Gain or loss

    securities $418,383

  • 7d · Net gain or loss

    total $418,383 · excluded $418,383

  • 11a · Other revenue: SALES & SERVICES OF AUXILIARY ENT

    total $9,110,072 · related or exempt $9,110,072

  • 11b · Other revenue: OTHER SOURCES

    total $1,256,646 · related or exempt $1,256,646

  • 11e · Other revenue, total

    $10,366,718

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $16,048,419 · program services $16,048,419

  • 5 · Compensation of officers, directors and key employees

    total $2,784,035 · program services $1,882,311 · management and general $803,964 · fundraising $97,760

  • 7 · Other salaries and wages

    total $16,054,825 · program services $10,854,808 · management and general $4,636,259 · fundraising $563,758

  • 11g · Fees: other

    total $3,472,157 · program services $1,157,700 · management and general $2,280,702 · fundraising $33,755

  • 16 · Occupancy

    total $6,706,360 · program services $212,389 · management and general $6,493,473 · fundraising $498

  • 17 · Travel

    total $1,401,288 · program services $1,118,031 · management and general $274,213 · fundraising $9,044

  • 20 · Interest

    total $1,826,482 · program services $725,254 · management and general $1,101,228

  • 22 · Depreciation, depletion and amortization

    total $1,417,636 · management and general $1,417,636

  • 23 · Insurance

    total $1,021,616 · program services $260,114 · management and general $761,502

  • 24a · Other expenses: STUDENT PROGRAMS & SUPP

    total $4,087,984 · program services $4,087,473 · management and general $511 · fundraising $0

  • 24b · Other expenses: SUPPLIES & OPERATIONS

    total $2,032,026 · program services $1,236,407 · management and general $712,442 · fundraising $83,177

  • 24c · Other expenses: EQUIPMENT & TECHNOLOGY

    total $1,976,997 · program services $193,002 · management and general $1,763,666 · fundraising $20,329

  • 24d · Other expenses: AUXILIARY COST OF SALES

    total $334,575 · program services $345,491 · management and general -$10,916 · fundraising $0

  • 24e · All other expenses

    total $265,047 · program services $69,784 · management and general $39,566 · fundraising $155,697

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $8,099,034 · end of year $14,254,448

  • 3 · Pledges and grants receivable

    beginning of year $12,069,157 · end of year $9,406,878

  • 4 · Accounts receivable

    beginning of year $16,479,615 · end of year $21,709,086

  • 7 · Other notes and loans receivable

    beginning of year $39,291 · end of year $39,291

  • 8 · Inventories for sale or use

    beginning of year $186,011 · end of year $31,664

  • 9 · Prepaid expenses and deferred charges

    beginning of year $953,159 · end of year $711,993

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

    $148,450,810

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

    $76,140,871

  • 10c · Land, buildings and equipment, net

    beginning of year $47,129,282 · end of year $72,309,939

  • 12 · Investments: other securities

    beginning of year $30,361,128 · end of year $31,534,199

  • 13 · Investments: program-related

    beginning of year $83,818,820 · end of year $83,853,820

  • 17 · Accounts payable and accrued expenses

    beginning of year $4,528,081 · end of year $5,383,875

  • 19 · Deferred revenue

    beginning of year $6,216,896 · end of year $11,421,642

  • 23 · Secured mortgages and notes payable

    beginning of year $23,116,545 · end of year $45,013,019

  • 25 · Other liabilities

    beginning of year $433,759 · end of year $2,626,036

  • 27 · Net assets without donor restrictions

    beginning of year $109,829,246 · end of year $108,696,152

  • 28 · Net assets with donor restrictions

    beginning of year $55,010,970 · end of year $60,710,594

Mission and programs · 2023

Mission

FISK UNIVERSITY PRODUCES GRADUATES FROM DIVERSE BACKGROUNDS WITH THE INTEGRITY AND INTELLECT REQUIRED FOR SUBSTANTIVE CONTRIBUTIONS TO SOCIETY. OUR CURRICULUM IS GROUNDED IN THE LIBERAL ARTS. OUR FACULTY AND ADMINISTRATORS EMPHASIZE THE DISCOVERY AND ADVANCEMENT OF KNOWLEDGE THROUGH RESEARCH IN THE NATURAL AND SOCIAL SCIENCES, BUSINESS AND THE HUMANITIES. WE ARE COMMITTED TO THE SUCCESS OF SCHOLARS AND LEADERS WITH GLOBAL PERSPECTIVE.

Activities or mission (Part I)

FISK UNIVERSITY PRODUCES GRADUATES FROM DIVERSE BACKGROUNDS WITH THE INTEGRITY AND INTELLECT REQUIRED FOR SUBSTANTIVE CONTRIBUTIONS TO SOCIETY.

  • THE ORGANIZATION IS AN INSTITUTION OF HIGHER EDUCATION ANDPROVIDES INSTRUCTION SCHOLARSHIPS AND VARIOUS SUPPORTSERVICES IN ACHIEVING ITS PRIMARY PURPOSE OF EDUCATINGSTUDENTS.

    Expenses $38,191,183 · Grants $16,048,419 · Revenue $36,467,550

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

Listed in Part VII

  • Angenia Clark

    PRESIDENT

    Total calculated
    $83,022
    From this org
    $83,022
    From related orgs
    $0
    Other
    $0
    Hours/week
    40
  • Callie Khouri

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • David Crabtree

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Edward M Zimmerman

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Frank Garrison

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Jolinda Herring

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Judson Robinson

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Juliette Pryor

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    1
  • Katie Marchetti

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Kim Seymour

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Lela Wineguard Hughes

    BOARD MEMBER (7/1/23-12/31/23)

    Total calculated
    $0
    Hours/week
    1
  • Marcus D Cosby

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Roland Parrish

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Ronald S Safer

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Samuel McKenzie

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Samuel Williams

    BOARD MEMBER(1/1/24-6/30/24)

    Total calculated
    $0
    Hours/week
    1
  • Surendra Ramanna

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Nzinga Shaw

    BOARD MEMBER (7/1/23-6/14

    Total calculated
    $0
    Hours/week
    1
  • Janine Smith

    BOARD MEMBER(7/1/23-12/31/23)

    Total calculated
    $0
    Hours/week
    1
  • Frank Simmons

    BOARD MEMBER(7/1/23-2/2/24)

    Total calculated
    $0
    Hours/week
    1
  • Frank Simms

    BOARD MEMBER(7/1/23-10/6/23)

    Total calculated
    $0
    Hours/week
    1
  • Katherine Burnett

    BOARD MEMBER(7/1/23-7/12/23)

    Total calculated
    $0
    Hours/week
    1
  • Jens Frederiksen

    SR. VP FOR INSTIT. ADV. &

    Total calculated
    $208,595
    From this org
    $208,595
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $208,595
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $208,595
  • Kenneth Jones

    VICE PRESIDENT OF TRANSFOR

    Total calculated
    $61,874
    From this org
    $61,874
    From related orgs
    $0
    Other
    $0
    Hours/week
    40
  • Natara Garvin

    VICE PRESIDENT OF STUDENT

    Total calculated
    $123,128
    From this org
    $123,128
    From related orgs
    $0
    Other
    $0
    Hours/week
    40
  • Norman Jones

    CFO/VICE PRESIDENT OF FINA

    Total calculated
    $171,099
    From this org
    $171,099
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $171,099
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $171,099
  • Robert Carr

    PROVOST/VICE PRESIDENT OF

    Total calculated
    $170,194
    From this org
    $170,194
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $170,194
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $170,194
  • Arnold Burger

    PROFESSOR

    Total calculated
    $181,967
    From this org
    $181,967
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $181,967
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $181,967
  • Brian Nelms

    DEAN, SCHOOL OF NATURAL SCIENCES, MATH, & BUSINESS

    Total calculated
    $131,726
    From this org
    $131,726
    From related orgs
    $0
    Other
    $0
    Hours/week
    40
  • Duncan Pelly

    PROFESSOR - CHAIR OF BUSINESS

    Total calculated
    $193,446
    From this org
    $193,446
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $193,446
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $193,446
  • Edward Brian Garner

    DIRECTOR OF IT

    Total calculated
    $115,237
    From this org
    $115,237
    From related orgs
    $0
    Other
    $0
    Hours/week
    40
  • Isaac Thompson

    PROGRAM DIRECTOR OF STEM

    Total calculated
    $140,268
    From this org
    $140,268
    From related orgs
    $0
    Other
    $0
    Hours/week
    40
  • Jamaal Sheats

    ASSOCIATE PROVOST

    Total calculated
    $118,000
    From this org
    $118,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    40
  • Marlon Thomas

    ASSISTANT PROFESSOR

    Total calculated
    $141,041
    From this org
    $141,041
    From related orgs
    $0
    Other
    $0
    Hours/week
    40
  • Qingxia Li

    ASSOCIATE PROFESSOR

    Total calculated
    $105,496
    From this org
    $105,496
    From related orgs
    $0
    Other
    $0
    Hours/week
    40
  • Reginald Amerson

    ASSOCIATE VICE PRESIDENT O

    Total calculated
    $115,400
    From this org
    $115,400
    From related orgs
    $0
    Other
    $0
    Hours/week
    40
  • Sajid Hussain

    DIRECTOR OF SPONSORED PROGRAMS

    Total calculated
    $102,774
    From this org
    $102,774
    From related orgs
    $0
    Other
    $0
    Hours/week
    40
  • Shieila Smith

    ASSOCIATE VP FOR INST. ADV

    Total calculated
    $118,532
    From this org
    $118,532
    From related orgs
    $0
    Other
    $0
    Hours/week
    40
  • Shirley Brown

    PROFESSOR

    Total calculated
    $101,707
    From this org
    $101,707
    From related orgs
    $0
    Other
    $0
    Hours/week
    40
  • Steven M Damo

    ASSISTANT PROFESSOR

    Total calculated
    $128,509
    From this org
    $128,509
    From related orgs
    $0
    Other
    $0
    Hours/week
    40
  • Sufyan Baksh

    PROFESSOR & EXEC DIR OF INNOVATION

    Total calculated
    $168,080
    From this org
    $168,080
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $168,080
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $168,080
  • Tdka Kilimanjaro

    ASSOC PROVOST INSTITUTIONAL ACCRED., EFF., & ASSES

    Total calculated
    $103,940
    From this org
    $103,940
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

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
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 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.

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.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • STIEGLITZ ART COLLECTION LLC

    RELATED · TN · 50% owned · general or managing partner

Provenance

Return type
form_990
Tax year
2023
Filed
13 May 2025
IRS schema version
2023v6.0
Source object
202531339349308398

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