Totals
- Total revenue
- $209,440,155
- Total expenses
- $200,660,969
- Contributions and grants received
- $112,375,462
- Grants paid
- $2,064,532
- Program service revenue
- $71,172,691
- Investment income
- $6,386,819
- Other revenue
- $19,505,183
- Total assets, end of year
- $451,952,769
- Total liabilities, end of year
- $108,898,605
- Net assets or fund balances, end of year
- $343,054,164
- Program services expenses (Part IX)
- $138,029,759
- Management and general expenses
- $59,240,138
- Fundraising expenses
- $3,391,072
- Program service expenses (Part III)
- $138,029,759
Program services were 68.8% 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)
$79,344,586
-
1f · All other contributions, gifts and grants
$33,030,876
-
1g · Noncash contributions included above
$0
-
2a · Program service revenue: Tuition and fees
total $48,546,706 · related or exempt $48,546,706 · unrelated business $0 · excluded $0
-
2b · Program service revenue: Sales and Service of Edu Depts
total $1,191,972 · related or exempt $1,191,972 · unrelated business $0 · excluded $0
-
2c · Program service revenue: Net Patient Service Revenue
total $7,081,264 · related or exempt $7,081,264 · unrelated business $0 · excluded $0
-
2d · Program service revenue: Contractual Healthcare
total $14,352,749 · related or exempt $14,352,749 · unrelated business $0 · excluded $0
-
2f · All other program service revenue
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
3 · Investment income
total $6,386,819 · related or exempt $6,386,819 · unrelated business $0 · excluded $0
-
4 · Income from investment of tax-exempt bond proceeds
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
5 · Royalties
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
6a · Gross rents
real property $0 · personal property $0
-
6b · Less rental expenses
real property $0 · personal property $0
-
6c · Rental income or loss
real property $0 · personal property $0
-
6d · Net rental income or loss
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
7a · Gross sales of assets other than inventory
securities $0 · other assets $0
-
7b · Less cost or other basis and sales expenses
securities $0 · other assets $0
-
7c · Gain or loss
securities $0 · other assets $0
-
7d · Net gain or loss
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
8a · Fundraising events: gross income
$0
-
8a · Fundraising events: contributions included on line 1c
$0
-
8b · Fundraising events: direct expenses
$0
-
8c · Net income from fundraising events
total $0 · unrelated business $0 · excluded $0
-
9a · Gaming: gross income
$0
-
9b · Gaming: direct expenses
$0
-
9c · Net income from gaming
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
10a · Gross sales of inventory
$0
-
10b · Cost of goods sold
$0
-
10c · Net income from sales of inventory
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
11a · Other revenue: Other sources
total $6,870,333 · related or exempt $6,870,333 · unrelated business $0 · excluded $0
-
11b · Other revenue: College non-operating items
total $647,367 · related or exempt $647,367 · unrelated business $0 · excluded $0
-
11c · Other revenue: Net gain (loss) on investments
total $11,987,483 · related or exempt $11,987,483 · unrelated business $0 · excluded $0
-
11d · All other revenue
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
11e · Other revenue, total
$19,505,183
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $0 · program services $0
-
2 · Grants to domestic individuals
total $2,064,532 · program services $2,064,532
-
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 $5,834,962 · program services $1,783,449 · management and general $3,815,999 · fundraising $235,514
-
6 · Compensation of disqualified persons
total $0 · program services $0 · management and general $0 · fundraising $0
-
7 · Other salaries and wages
total $79,572,616 · program services $65,863,533 · management and general $12,469,536 · fundraising $1,239,547
-
8 · Pension plan contributions
total $2,396,315 · program services $1,897,999 · management and general $456,930 · fundraising $41,386
-
9 · Other employee benefits
total $10,709,406 · program services $8,482,374 · management and general $2,042,072 · fundraising $184,960
-
10 · Payroll taxes
total $5,550,052 · program services $4,395,913 · management and general $1,058,285 · fundraising $95,854
-
11a · Fees: management
total $30,095,697 · program services $15,223,531 · management and general $14,040,570 · fundraising $831,596
-
11b · Fees: legal
total $1,545,011 · program services $3,043 · management and general $1,541,968 · fundraising $0
-
11c · Fees: accounting
total $95,500 · program services $0 · management and general $95,500 · fundraising $0
-
11d · Fees: lobbying
total $0 · program services $0 · management and general $0 · fundraising $0
-
11e · Fees: professional fundraising services
total $245,119 · fundraising $245,119
-
11f · Fees: investment management
total $0 · program services $0 · management and general $0 · fundraising $0
-
11g · Fees: other
total $1,813,405 · program services $1,479,311 · management and general $334,094 · fundraising $0
-
12 · Advertising and promotion
total $20,343 · program services $17,053 · management and general $3,290 · fundraising $0
-
13 · Office expenses
total $12,603,522 · program services $9,519,990 · management and general $2,978,251 · fundraising $105,281
-
14 · Information technology
total $11,120,011 · program services $3,552,466 · management and general $7,567,545 · fundraising $0
-
15 · Royalties
total $0 · program services $0 · management and general $0 · fundraising $0
-
16 · Occupancy
total $7,799,210 · program services $5,625,570 · management and general $2,037,154 · fundraising $136,486
-
17 · Travel
total $2,214,337 · program services $1,681,584 · management and general $445,449 · fundraising $87,304
-
18 · Travel or entertainment for public officials
total $0 · program services $0 · management and general $0 · fundraising $0
-
19 · Conferences, conventions and meetings
total $339,553 · program services $291,353 · management and general $45,512 · fundraising $2,688
-
20 · Interest
total $1,135,941 · program services $412 · management and general $1,135,529 · fundraising $0
-
21 · Payments to affiliates
total $0 · program services $0 · management and general $0 · fundraising $0
-
22 · Depreciation, depletion and amortization
total $7,333,431 · program services $5,500,073 · management and general $1,833,358 · fundraising $0
-
23 · Insurance
total $1,937,223 · program services $1,397,319 · management and general $506,003 · fundraising $33,901
-
24a · Other expenses: Membership Dues
total $1,065,594 · program services $554,679 · management and general $422,210 · fundraising $88,705
-
24b · Other expenses: All Other Expenses
total $15,169,189 · program services $8,695,575 · management and general $6,410,883 · fundraising $62,731
-
24e · All other expenses
total $0 · program services $0 · management and general $0 · fundraising $0
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $53,144,591 · end of year $30,263,360
-
2 · Savings and temporary cash investments
beginning of year $0 · end of year $0
-
3 · Pledges and grants receivable
beginning of year $11,360,218 · end of year $11,274,513
-
4 · Accounts receivable
beginning of year $26,409,108 · end of year $53,858,004
-
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 $37,250 · end of year $57,396
-
9 · Prepaid expenses and deferred charges
beginning of year $2,075,766 · end of year $2,035,654
-
10a · Land, buildings and equipment: cost or other basis
$315,974,930
-
10b · Land, buildings and equipment: accumulated depreciation
$144,310,324
-
10c · Land, buildings and equipment, net
beginning of year $148,962,651 · end of year $171,664,606
-
11 · Investments: publicly traded securities
beginning of year $123,083,437 · end of year $155,373,459
-
12 · Investments: other securities
beginning of year $47,452,112 · end of year $25,335,760
-
13 · Investments: program-related
beginning of year $0 · end of year $0
-
14 · Intangible assets
beginning of year $0 · end of year $0
-
15 · Other assets
beginning of year $0 · end of year $2,090,017
-
17 · Accounts payable and accrued expenses
beginning of year $14,568,496 · end of year $13,592,973
-
18 · Grants payable
beginning of year $752 · end of year $0
-
19 · Deferred revenue
beginning of year $11,367,994 · end of year $12,294,670
-
20 · Tax-exempt bond liabilities
beginning of year $33,047,433 · end of year $59,904,564
-
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 $12,958,344 · end of year $17,518,527
-
24 · Unsecured notes and loans payable
beginning of year $0 · end of year $0
-
25 · Other liabilities
beginning of year $6,611,936 · end of year $5,587,871
-
27 · Net assets without donor restrictions
beginning of year $108,107,876 · end of year $113,435,574
-
28 · Net assets with donor restrictions
beginning of year $225,862,302 · end of year $229,618,590
Mission and programs · 2022
Mission
To improve the health and healthcare of minority and underserved communities by offering excellent education and training programs in the health sciences; delivering high quality health services; and advancing health equity through innovative research that fosters the elimination of health disparities.
-
Professional Education: Education of students in the fields of medicine, dentistry, public health, medical science and allied health profession, and data sciences. Degrees conferred include: MD, DDS, MHS, MSPH, MSDS, MSBDS and PhD. (Number of Graduates from the programs: 299).
Expenses $69,760,240 · Grants $2,064,532 · Revenue $49,738,678
-
Health Care Delivery and Management, General/Other: General healthcare delivery, primary and specialty care, dental and mental healthcare. (Number of patient encounters in the year: 71,891).
Expenses $25,645,929 · Revenue $21,434,013
-
Medical Research, General/Other: The organization does research in a number of major areas (Cancer, Cardiovascular, Neuroscience, Seat belt Safety, along with research training, and HIV disease, Infectious disease, Women's health, community engagement) with a primary focus on health disparities research. (Number of new grants for the year: 48).
Expenses $20,649,252
-
Public, Society Benefit Programs, General/Other: Funds expended for activities that are established primarily to provide non-instructional services beneficial to individuals and groups external to the institution. Cost of providing health services to the community. (Number of patient encounters for year: 71,891).
Expenses $21,974,338
As filed on the 2022 return.
Listed in Part VII
-
James E K Hildreth
President/CEO
- Total calculated
- $1,029,045
- From this org
- $991,440
- From related orgs
- $0
- Other
- $37,605
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $891,440
- Bonus
- $100,000
- Other
- $0
- Deferred
- $5,796
- Nontaxable benefits
- $31,808
- Filer's total
- $1,029,044
-
LaMel Bandy-Neal
Senior VP Finance / CFO
- Total calculated
- $910,876
- From this org
- $862,828
- From related orgs
- $0
- Other
- $48,048
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $479,494
- Bonus
- $50,000
- Other
- $333,333
- Deferred
- $35,750
- Nontaxable benefits
- $12,298
- Filer's total
- $910,875
-
Jeannette South-Paul
Exec VP and Provost/ Former Trustee
- Total calculated
- $550,000
- From this org
- $550,000
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $550,000
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $0
- Filer's total
- $550,000
-
Peter E Millet
Executive Vice President
- Total calculated
- $502,572
- From this org
- $449,038
- From related orgs
- $0
- Other
- $53,534
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $449,038
- Bonus
- $0
- Other
- $0
- Deferred
- $35,750
- Nontaxable benefits
- $17,784
- Filer's total
- $502,572
-
Duane Smoot
Professor Internal Medicine
- Total calculated
- $495,523
- From this org
- $466,923
- From related orgs
- $0
- Other
- $28,600
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $466,923
- Bonus
- $0
- Other
- $0
- Deferred
- $15,250
- Nontaxable benefits
- $13,350
- Filer's total
- $495,523
-
Charae Farmer
Dean School of Dentistry
- Total calculated
- $494,345
- From this org
- $440,000
- From related orgs
- $0
- Other
- $54,345
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $400,000
- Bonus
- $40,000
- Other
- $0
- Deferred
- $35,750
- Nontaxable benefits
- $18,596
- Filer's total
- $494,346
-
Ivanetta D Samuels
Senior VP/ General Counsel
- Total calculated
- $492,838
- From this org
- $440,000
- From related orgs
- $0
- Other
- $52,838
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $400,000
- Bonus
- $40,000
- Other
- $0
- Deferred
- $35,750
- Nontaxable benefits
- $17,088
- Filer's total
- $492,838
-
Digna S Forbes
Interim Dean School of Medicine
- Total calculated
- $492,087
- From this org
- $474,423
- From related orgs
- $0
- Other
- $17,664
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $474,423
- Bonus
- $0
- Other
- $0
- Deferred
- $15,250
- Nontaxable benefits
- $2,414
- Filer's total
- $492,087
-
Carlton Adams
Chair Surgery/Trustee
- Total calculated
- $484,865
- From this org
- $450,000
- From related orgs
- $0
- Other
- $34,865
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $450,000
- Bonus
- $0
- Other
- $0
- Deferred
- $15,250
- Nontaxable benefits
- $19,615
- Filer's total
- $484,865
-
Fortune Mhlanga
Dean School of Applied Computational Sciences
- Total calculated
- $437,191
- From this org
- $401,731
- From related orgs
- $0
- Other
- $35,460
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $361,731
- Bonus
- $40,000
- Other
- $0
- Deferred
- $20,500
- Nontaxable benefits
- $14,960
- Filer's total
- $437,191
-
Muyiwa Adedokun
Asst Professor Surgery
- Total calculated
- $415,250
- From this org
- $400,000
- From related orgs
- $0
- Other
- $15,250
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $400,000
- Bonus
- $0
- Other
- $0
- Deferred
- $15,250
- Nontaxable benefits
- $0
- Filer's total
- $415,250
-
Richard Fremont
Chair Internal Medicine
- Total calculated
- $413,644
- From this org
- $386,667
- From related orgs
- $0
- Other
- $26,977
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $386,667
- Bonus
- $6,665
- Other
- $0
- Deferred
- $15,250
- Nontaxable benefits
- $11,727
- Filer's total
- $420,309
-
Lloyda Williamson
Chair Psychiatry
- Total calculated
- $406,608
- From this org
- $374,423
- From related orgs
- $0
- Other
- $32,185
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $299,423
- Bonus
- $75,000
- Other
- $0
- Deferred
- $14,971
- Nontaxable benefits
- $17,214
- Filer's total
- $406,608
-
Asiyanbola Bolanle
Asst Professor Surgery
- Total calculated
- $350,958
- From this org
- $345,000
- From related orgs
- $0
- Other
- $5,958
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $345,000
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $5,958
- Filer's total
- $350,958
-
Michelle Nichols
Senior VP Clinical Affairs and GME
- Total calculated
- $295,779
- From this org
- $282,692
- From related orgs
- $0
- Other
- $13,087
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $282,692
- Bonus
- $0
- Other
- $0
- Deferred
- $10,250
- Nontaxable benefits
- $2,837
- Filer's total
- $295,779
-
Saletta Holloway
Asst Corp Sec /SVP Board Relations
- Total calculated
- $293,182
- From this org
- $240,000
- From related orgs
- $0
- Other
- $53,182
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $240,000
- Bonus
- $0
- Other
- $0
- Deferred
- $32,500
- Nontaxable benefits
- $20,682
- Filer's total
- $293,182
-
Marquetta Faulkner
Former Dean School of Medicine
- Total calculated
- $269,472
- From this org
- $242,480
- From related orgs
- $0
- Other
- $26,992
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $242,050
- Bonus
- $0
- Other
- $0
- Deferred
- $12,102
- Nontaxable benefits
- $14,890
- Filer's total
- $269,042
-
Merry Lindsey
Dean School of Graduate Studies
- Total calculated
- $240,795
- From this org
- $224,815
- From related orgs
- $0
- Other
- $15,980
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $194,815
- Bonus
- $30,000
- Other
- $0
- Deferred
- $10,250
- Nontaxable benefits
- $5,730
- Filer's total
- $240,795
-
Walter Woods
Senior VP Advancement
- Total calculated
- $238,307
- From this org
- $235,514
- From related orgs
- $0
- Other
- $2,793
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $185,514
- Bonus
- $50,000
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $2,793
- Filer's total
- $238,307
-
Dr Nelson L Adams III
Chairman
- Total calculated
- $0
- Hours/week
- 0
-
Milton H Jones Jr
Vice Chairman
- Total calculated
- $0
- Hours/week
- 0
-
Rev Greg Bergquist
Trustee
- Total calculated
- $0
- Hours/week
- 0
-
Dr Brandon Barton Jr
Trustee
- Total calculated
- $0
- Hours/week
- 0
-
Destini Black
Trustee
- Total calculated
- $0
- Hours/week
- 0
-
Kevin Bryant
Trustee
- Total calculated
- $0
- Hours/week
- 0
-
Dr Coyness L Ennix Jr
Trustee
- Total calculated
- $0
- Hours/week
- 0
-
Dr Eric A Floyd
Trustee
- Total calculated
- $0
- Hours/week
- 0
-
Dr Bianca Frederick
Trustee
- Total calculated
- $0
- Hours/week
- 0
-
Dr Dawn B Griffin
Trustee
- Total calculated
- $0
- Hours/week
- 0
-
Dr Lewis Hargett
Trustee
- Total calculated
- $0
- Hours/week
- 0
-
Aubrey Harwell Jr
Trustee
- Total calculated
- $0
- Hours/week
- 0
-
Dr Martin D Jeffries
Trustee
- Total calculated
- $0
- Hours/week
- 0
-
Dr Collis Johnson
Trustee
- Total calculated
- $0
- Hours/week
- 0
-
Dr Audrey J Murrell
Trustee
- Total calculated
- $0
- Hours/week
- 0
-
Aparicio Peggins
Trustee
- Total calculated
- $0
- Hours/week
- 0
-
Edgar G Rios
Trustee
- Total calculated
- $0
- Hours/week
- 0
-
Dr Thomas A Scott
Trustee
- Total calculated
- $0
- Hours/week
- 0
-
Dr Edith Smith-Rayford
Trustee
- Total calculated
- $0
- Hours/week
- 0
-
Carol H Williams-Hood
Trustee
- Total calculated
- $0
- Hours/week
- 0
-
James E Williams
Trustee
- Total calculated
- $0
- Hours/week
- 0
-
Dr Kenneth Williams
Trustee
- Total calculated
- $0
- Hours/week
- 0
-
Lorenzo Williams
Trustee
- Total calculated
- $0
- Hours/week
- 0
-
Dr Robert L Williams Jr
Trustee
- Total calculated
- $0
- Hours/week
- 0
-
Dr Kevin Woods
Trustee
- Total calculated
- $0
- Hours/week
- 0
-
Cynthia Day
Trustee
- Total calculated
- $0
- Hours/week
- 0
-
Aalieyah Billings
Trustee
- Total calculated
- $0
- Hours/week
- 0
-
M Inez Crutchfield
Trustee Emeritus
- Total calculated
- $0
- Hours/week
- 0
-
Dr Frank S Royal Sr
Trustee Emeritus
- Total calculated
- $0
- Hours/week
- 0
-
Daniel Dawes
SVP/ Exec Director School of Global Health
- Total calculated
- $0
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $0
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $0
- Filer's total
- $0
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 · First-class or charter travel
- 1a · Travel for companions
- 1a · Housing allowance or residence for personal use
- 1b · Written policy on the line-1a expenses
- 2 · Substantiation required before reimbursing expenses
- 3 · Compensation committee
- 3 · Independent compensation consultant
- 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
- The compensation package paid to the President/CEO is approved by the executive committee of the Board of Trustees.
- Schedule J, Part I, Line 4
- The organization sponsors a loan regime split dollar arrangement. See Schedule L, Part II.
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.
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 corporations and trusts
Part IV: related organizations taxable as a corporation or trust.
-
MMCV Inc
C · Misc Financial Investment Activities · TN · 100% owned · share of income $0 · share of assets $1,242,259
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 25 March 2024
- IRS schema version
- 2022v5.0
- Source object
- 202440859349301759
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