Johnson C Smith University Incorporated
- Assets
- $159.6m
- Revenue
- $73.3m
- Investments
- $74.9m
- Employees
- 361
- Location
- Charlotte, NC
- Founding
- 02/1945
- Data as of
- 06/2021
- EIN
- 25-0983069
Organization Overview
Johnson C Smith University Incorporated is located in Charlotte, NC. The organization was established in 1945. According to its NTEE Classification (B43) the organization is classified as: Universities, under the broad grouping of Education and related organizations. As of 06/2022, Johnson C Smith University Incorporated employed 361 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Johnson C Smith University Incorporated is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2021, Johnson C Smith University Incorporated generated $73.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.7% each year. All expenses for the organization totaled $52.9m during the year ending 06/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
JOHNSON C. SMITH UNIVERSITY OFFERS A LIBERAL ARTS EDUCATION TO A DIVERSE GROUP OF TALENTED AND MOTIVATED STUDENTS IN PREPARATION FOR ADVANCE STUDY AND SPECIFIC CAREERS
Describe the Organization's Program Activity:
Part 3 - Line 4a
INSTRUCTION: JOHNSON C. SMITH UNIVERSITY OFFERS INSTRUCTIONS IN VARIOUS LIBERAL ARTS PROGRAMS. FOR THE REPORTING PERIOD THE UNIVERSITY HAD ALMOST 1,800 STUDENTS MATRICULATING IN THESE PROGRAMS. JOHNSON C. SMITH UNIVERSITY HAS 3 COLLEGES FROM WHICH STUDENTS CAN CHOOSE VARIOUS MAJORS: COLLEGE OF ARTS AND LETTERS, COLLEGE OF PROFESSIONAL STUDIES, AND COLLEGE OF SCIENCE, TECHNOLOGY, ENGINEERING, AND MATHEMATICS.
OTHER: PUBLIC SERVICE, STUDENT ASSISTANCE, AUXILIARY SERVICE (ROOM AND BOARD)
STUDENT SERVICES: JOHNSON C SMITH UNIVERSITY OFFERS A WIDE RANGE OF SERVICES TO ITS STUDENTS. THESE PROGRAMS INCLUDE THE FOLLOWING SERVICES: PLACEMENT AND CAREER COUNSELING, ADMISSION, REGISTRAR, FINANCIAL AID, SPORTS AND VARIOUS OTHER STUDENT ACTIVITIES.
ACADEMIC SUPPORT: OUR ACADEMIC SUPPORT SERVICES INCLUDES INFORMATION TECHNOLOGY, LIBRARY SERVICES, SMART CLASSROOMS, AND FACULTY TRAINING. EVERY FULLTIME STUDENT AT JOHNSON C. SMITH UNIVERSITY RECEIVES A LAPTOP. OUR LIBRARY CONTINUES TO UPDATE ITS BOOK CATALOGS. IN ADDITION, STUDENTS HAVE ACCESS TO A WIDE RANGE OF ONLINE CATALOGS. JOHNSON C. SMITH UNIVERSITY IS IN THE PROCESS OF TRANSFORMING ALL ITS TRADITIONAL CLASSROOMS INTO SMART CLASSROOMS BY PLACING TECHNOLOGY AT THE STUDENT'S FINGER TIP.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Shirley Hughes Board Chair | OfficerTrustee | 1 | $0 |
Steven Boyd Board Vice Chair | OfficerTrustee | 1 | $0 |
Michelle Lee Board Secretary | OfficerTrustee | 1 | $0 |
Sheila R Brown Trustee | Trustee | 40 | $0 |
Christy S Bryant Trustee | Trustee | 1 | $0 |
Kieth Cockrell Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Southeast Service Corporation Facilities Contract | 6/29/22 | $3,457,435 |
Mosaic Village Holdings Llc Property Management | 6/29/22 | $2,077,464 |
Perkins Management Service Co Food Service | 6/29/22 | $2,016,244 |
V&d Corporation Plumbing Service | 6/29/22 | $1,719,521 |
Follett Higher Education Group Bookstore Contract | 6/29/22 | $346,858 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $35,383,356 |
| Investment income | $271,073 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $23,925 |
| Net Gain/Loss on Asset Sales | $15,008,628 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $73,305,386 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $7,469,778 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $708,337 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $17,174,086 |
| Pension plan accruals and contributions | $1,964,270 |
| Other employee benefits | $481,761 |
| Payroll taxes | $1,255,712 |
| Fees for services: Management | $20,745 |
| Fees for services: Legal | $341,368 |
| Fees for services: Accounting | $77,203 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $336,117 |
| Advertising and promotion | $51,830 |
| Office expenses | $12,847,390 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,304,276 |
| Travel | $50,953 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $120,631 |
| Interest | $282,317 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,321,681 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $52,879,195 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $20,077,569 |
| Pledges and grants receivable | $1,448,928 |
| Accounts receivable, net | $2,878,570 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $7,041 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $934,315 |
| Investments—publicly traded securities | $309,192 |
| Investments—other securities | $74,858,227 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,553,837 |
| Total assets | $159,629,599 |
| Accounts payable and accrued expenses | $2,472,926 |
| Grants payable | $0 |
| Deferred revenue | $1,569,465 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $734,645 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,598,292 |
| Total liabilities | $7,375,328 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $152,254,271 |