Totals
- Total revenue
- $19,163,497
- Total expenses
- $14,808,534
- Contributions and grants received
- $9,747,460
- Grants paid
- $323,729
- Program service revenue
- $8,983,701
- Investment income
- $328,435
- Other revenue
- $103,901
- Total assets, end of year
- $67,273,267
- Total liabilities, end of year
- $7,101,260
- Net assets or fund balances, end of year
- $60,172,007
- Program services expenses (Part IX)
- $9,320,289
- Management and general expenses
- $5,219,883
- Fundraising expenses
- $268,362
- Program service expenses (Part III)
- $9,320,289
Program services were 62.9% 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)
$8,438,621
-
1f · All other contributions, gifts and grants
$1,308,839
-
2a · Program service revenue: Tuition and fees
total $5,987,998 · related or exempt $5,987,998
-
2b · Program service revenue: Sales and services of auxiliary enterprises
total $2,995,703 · related or exempt $2,995,703
-
3 · Investment income
total $328,435 · related or exempt $328,435
-
11a · Other revenue: Other income
total $103,901 · related or exempt $103,901
-
11e · Other revenue, total
$103,901
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $0
-
2 · Grants to domestic individuals
total $323,729 · program services $323,729
-
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 $791,688 · management and general $791,688
-
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: Institutional Support
total $5,297,522 · program services $856,954 · management and general $4,172,206 · fundraising $268,362
-
24b · Other expenses: Auxiliary Enterprises
total $3,231,767 · program services $3,231,767
-
24c · Other expenses: Instruction
total $2,232,526 · program services $2,232,526
-
24d · Other expenses: Student Services
total $1,480,474 · program services $1,480,474
-
24e · All other expenses
total $1,450,828 · program services $1,194,839 · management and general $255,989
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $8,589,599 · end of year $12,307,635
-
3 · Pledges and grants receivable
beginning of year $5,010,354 · end of year $5,010,354
-
4 · Accounts receivable
beginning of year $2,235,181 · end of year $2,382,666
-
9 · Prepaid expenses and deferred charges
beginning of year $103,416 · end of year $271,636
-
10a · Land, buildings and equipment: cost or other basis
$58,467,341
-
10b · Land, buildings and equipment: accumulated depreciation
$20,859,892
-
10c · Land, buildings and equipment, net
beginning of year $38,136,623 · end of year $37,607,449
-
11 · Investments: publicly traded securities
beginning of year $8,312,578 · end of year $9,563,620
-
12 · Investments: other securities
beginning of year $100,000 · end of year $100,000
-
15 · Other assets
beginning of year $41,871 · end of year $29,907
-
17 · Accounts payable and accrued expenses
beginning of year $388,405 · end of year $250,055
-
23 · Secured mortgages and notes payable
beginning of year $6,812,143 · end of year $6,820,882
-
25 · Other liabilities
beginning of year $42,214 · end of year $30,323
-
27 · Net assets without donor restrictions
beginning of year $49,280,876 · end of year $53,726,023
-
28 · Net assets with donor restrictions
beginning of year $6,005,984 · end of year $6,445,984
Mission and programs · 2023
Mission
To ensure that the student body experiences balanced intellectual, psychological, social and spiritual development, aimed at enabling them to become active productive members of society where they live and work.
-
The College is an institution of higher learning and provides instruction, scholarships and various support services in achieving its primary purpose.
Expenses $6,088,522 · Grants $323,729 · Revenue $5,987,998
-
Auxiliary enterprises support the Colleges mission of providing quality educational opportunities. These services include, but are not limited to food services, campus housing, campus post office, parking, vending campus stores and athletics.
Expenses $3,231,767 · Revenue $2,995,703
As filed on the 2023 return.
Listed in Part VII
-
Dr Dwight J Fennell
President
- Total calculated
- $512,771
- From this org
- $443,264
- From related orgs
- $0
- Other
- $69,507
- Hours/week
- 40 + 1 related
Schedule J breakdown matched by us
- Base
- $370,000
- Bonus
- not reported
- Other
- $73,264
- Deferred
- $37,000
- Nontaxable benefits
- $32,507
- Filer's total
- $512,771
-
Ms Millicent L Rickenbacker
Vice President for Business and Finance
- Total calculated
- $94,583
- From this org
- $94,583
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40 + 1 related
-
Mrs Cynthia Marshall-Biggins
Vice President for Student Affairs
- Total calculated
- $92,333
- From this org
- $92,333
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40 + 1 related
-
Ms Jan Duncan
Vice President for Academic Affairs
- Total calculated
- $92,000
- From this org
- $92,000
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40 + 1 related
-
Bishop Lawrence L Reddick III
Chairperson
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Mrs Billye Suber Aaron
Board Member
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Ms Bridget Chisholm
Board Member
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Mrs Gwendolyn Tatum Collins
Board Member
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Dr Carmichael Crutchfield
Board Member
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Dr Tyrone Davis
Board Member
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Rev Dr Clarence Ford
Board Member
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Mr Vince Gonzales
Board Member
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Mr Charles Hill
Board Member
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Bishop David R Houston
Board Member
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Mrs Mary Elizabeth Jackson
Board Member
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Attorney Jim Lambeth
Board Member
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Dr Orenthia Mason
Board Member
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Dr Leon R McCowan
Secretary
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Dr Patricia M McKenzie
Vice Chairperson
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Attorney Clifton L Roberson
Board Member
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Dr Annie Grace Robinson
Board Member
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Mr Kelvin Thomas
Board Member
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Mr Terrance Washington
Board Member
- 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. 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 · 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 · 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
- 2023
- Filed
- 23 October 2024
- IRS schema version
- 2023v6.0
- Source object
- 202541359349313884
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