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Nonprofiteer
← BETHUNE-COOKMAN UNIVERSITY

Form 990 for tax year 2023

Filed by BETHUNE-COOKMAN UNIVERSITY.

Totals

Total revenue
$100,202,224
Total expenses
$104,936,561
Contributions and grants received
$36,320,269
Grants paid
$16,947,382
Program service revenue
$62,110,899
Investment income
$1,745,701
Other revenue
$25,355
Total assets, end of year
$227,841,850
Total liabilities, end of year
$99,896,282
Net assets or fund balances, end of year
$127,945,568
Program services expenses (Part IX)
$87,777,954
Management and general expenses
$15,395,991
Fundraising expenses
$1,762,616
Program service expenses (Part III)
$87,777,954

Program services were 83.6% 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)

    $28,847,129

  • 1f · All other contributions, gifts and grants

    $7,473,140

  • 2a · Program service revenue: TUITION & FEES

    total $36,607,120 · related or exempt $36,607,120

  • 2b · Program service revenue: AUXILIARY ENTERPRISES

    total $24,104,162 · related or exempt $24,104,162

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

    total $1,399,617 · related or exempt $1,368,721 · excluded $30,896

  • 3 · Investment income

    total $944,958 · excluded $944,958

  • 6a · Gross rents

    real property $25,355

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $25,355

  • 6d · Net rental income or loss

    total $25,355 · related or exempt $25,355

  • 7a · Gross sales of assets other than inventory

    securities $8,524,004

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

    securities $7,494,192 · other assets $229,069

  • 7c · Gain or loss

    securities $1,029,812 · other assets -$229,069

  • 7d · Net gain or loss

    total $800,743 · excluded $800,743

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $16,947,382 · program services $16,947,382

  • 5 · Compensation of officers, directors and key employees

    total $1,682,525 · program services $760,353 · management and general $922,172

  • 7 · Other salaries and wages

    total $31,403,726 · program services $26,412,287 · management and general $4,258,211 · fundraising $733,228

  • 8 · Pension plan contributions

    total $216,489 · program services $120,125 · management and general $81,415 · fundraising $14,949

  • 9 · Other employee benefits

    total $2,990,461 · program services $2,215,555 · management and general $767,250 · fundraising $7,656

  • 10 · Payroll taxes

    total $2,216,656 · program services $1,640,325 · management and general $554,164 · fundraising $22,167

  • 11b · Fees: legal

    total $1,172,670 · program services $69,685 · management and general $1,100,645 · fundraising $2,340

  • 11c · Fees: accounting

    total $362,299 · program services $34,440 · management and general $327,859

  • 11f · Fees: investment management

    total $11,041 · management and general $11,041

  • 11g · Fees: other

    total $6,025,942 · program services $3,842,283 · management and general $1,655,639 · fundraising $528,020

  • 12 · Advertising and promotion

    total $498,455 · program services $186,196 · management and general $23,145 · fundraising $289,114

  • 13 · Office expenses

    total $4,359,942 · program services $2,907,938 · management and general $1,413,261 · fundraising $38,743

  • 14 · Information technology

    total $3,899,409 · program services $1,433,996 · management and general $2,419,223 · fundraising $46,190

  • 16 · Occupancy

    total $14,883,838 · program services $14,573,216 · management and general $310,622

  • 17 · Travel

    total $3,409,146 · program services $3,241,010 · management and general $122,886 · fundraising $45,250

  • 20 · Interest

    total $2,170,680 · program services $1,737,784 · management and general $432,896

  • 22 · Depreciation, depletion and amortization

    total $5,689,517 · program services $4,770,398 · management and general $919,119

  • 24a · Other expenses: STUDENT FOOD SERVICE

    total $6,996,383 · program services $6,884,981 · management and general $76,443 · fundraising $34,959

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $13,354,261 · end of year $15,899,745

  • 3 · Pledges and grants receivable

    beginning of year $16,118,785 · end of year $10,598,072

  • 4 · Accounts receivable

    beginning of year $1,805,032 · end of year $1,727,309

  • 9 · Prepaid expenses and deferred charges

    beginning of year $335,839 · end of year $378,413

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

    $247,302,756

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

    $104,235,128

  • 10c · Land, buildings and equipment, net

    beginning of year $141,310,922 · end of year $143,067,628

  • 12 · Investments: other securities

    beginning of year $44,222,687 · end of year $41,136,933

  • 15 · Other assets

    beginning of year $14,147,036 · end of year $15,033,750

  • 17 · Accounts payable and accrued expenses

    beginning of year $7,796,213 · end of year $3,942,981

  • 19 · Deferred revenue

    beginning of year $3,036,150 · end of year $1,769,801

  • 23 · Secured mortgages and notes payable

    beginning of year $90,306,616 · end of year $92,617,761

  • 25 · Other liabilities

    beginning of year $2,425,042 · end of year $1,565,739

  • 27 · Net assets without donor restrictions

    beginning of year $95,492,739 · end of year $92,998,483

  • 28 · Net assets with donor restrictions

    beginning of year $32,237,802 · end of year $34,947,085

Mission and programs · 2023

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 $35,288,781 · Revenue $36,607,120

  • 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 $16,947,382 · Grants $16,947,382

  • 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 $26,925,781 · Revenue $24,104,162

  • 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 $8,616,010 · Revenue $1,394,076

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

Listed in Part VII

  • Belvin Perry Jr Esquire

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

  • Joyours Pete Gamble

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Jennifer Adams

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Jeffrey E Branch

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Deveron Gibbons

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • David Brewer

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Lorenzo Brown

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • John Crossman

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Courtney Rhodes

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • John A Williams

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Dr William Berry

    ACTING PRESIDENT/SR. VP

    Total calculated
    $306,873
    From this org
    $306,873
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $306,873
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $306,873

  • James A Cleveland

    CHIEF INVESTMENT OFFICER/VP OF FISCAL AFFAIRS

    Total calculated
    $193,000
    From this org
    $175,000
    From related orgs
    $0
    Other
    $18,000
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $175,000
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $18,000
    Filer's total
    $193,000

  • Reginald Theus

    ATHLETICS DIRECTOR/HEAD BASKETBALL COACH

    Total calculated
    $535,000
    From this org
    $535,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $400,000
    Bonus
    $135,000
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $535,000

  • Dr Dawn L Eastmond

    DEAN

    Total calculated
    $282,760
    From this org
    $260,616
    From related orgs
    $0
    Other
    $22,144
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $260,616
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $22,144
    Filer's total
    $282,760

  • Raymond Woodie

    HEAD FOOTBALL COACH

    Total calculated
    $239,830
    From this org
    $220,137
    From related orgs
    $0
    Other
    $19,693
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $220,137
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $19,693
    Filer's total
    $239,830

  • Dr Jan A Boulware

    DEAN

    Total calculated
    $241,491
    From this org
    $206,438
    From related orgs
    $0
    Other
    $35,053
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $206,438
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $35,053
    Filer's total
    $241,491

  • Dr Narendra A Patel

    SENIOR ADVISOR TO THE PRESIDENT

    Total calculated
    $187,421
    From this org
    $157,421
    From related orgs
    $0
    Other
    $30,000
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $157,421
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $30,000
    Filer's total
    $187,421

  • Donovan V Wells

    BAND DIRECTOR

    Total calculated
    $196,042
    From this org
    $159,852
    From related orgs
    $0
    Other
    $36,190
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $159,852
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $36,190
    Filer's total
    $196,042

  • John C Pittman

    CFO/VP BUSINESS AFFAIRS (END. 07/22)

    Total calculated
    $220,000
    From this org
    $220,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $220,000
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $220,000

  • Dr Lawrence Drake

    INTERIM PRESIDENT (END. 05/23)

    Total calculated
    $202,299
    From this org
    $185,011
    From related orgs
    $0
    Other
    $17,288
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $185,011
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $17,288
    Filer's total
    $202,299

  • Anthony Jones

    VP OF ENROLLMENT MANAGEMENT (END. 05/24)

    Total calculated
    $225,353
    From this org
    $196,484
    From related orgs
    $0
    Other
    $28,869
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $196,484
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $28,869
    Filer's total
    $225,353

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 · Written employment contract
  • 3 · Approval by the board or compensation committee
  • 4a · Severance or change-of-control payment

Answered no

  • 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

The filer's explanations (Part III)

PART I, LINE 4A
DURING THE YEAR, THE FOLLOWING INDIVIDUALS RECEIVED SEVERANCE PAYMENTS PURSUANT TO BETHUNE-COOKMAN UNIVERSITY POLICIES AND PROCEDURES: - JOHN PITTMAN - $220,000

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
9 May 2025
IRS schema version
2023v6.0
Source object
202531429349300723

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