Wilberforce University
- Assets
- $28.5m
- Revenue
- $18.5m
- Investments
- $5.8m
- Employees
- 225
- Location
- Wilberforce, OH
- Founding
- 12/1937
- Data as of
- 06/2022
- EIN
- 31-0604719
Organization Overview
Wilberforce University is located in Wilberforce, OH. The organization was established in 1937. According to its NTEE Classification (B42) the organization is classified as: Undergraduate Colleges, under the broad grouping of Education and related organizations. As of 06/2022, Wilberforce University employed 225 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wilberforce University 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 06/2022, Wilberforce University generated $18.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.6% each year. All expenses for the organization totaled $17.4m during the year ending 06/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
WILBERFORCE UNIVERSITY'S MISSION IS TO HELP STUDENTS PREPARE FOR LIFE'S CHALLEGES AND TO PROVIDE THEM WITH A SOUND EDUCATIONAL FOUNDATION. IMPARTING KNOWLDEGE, INSTILLING DISCIPLINE, AND INSPIRING LIFELONG LEARNING THROUGH CRITICAL INQUIRY, PERSONAL DEVELOPMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE A POST-SECONDARY EDUCATION TO THE STUDENTS OF WILBERFORCE UNIVERSITY.
THE UNIVESITY PROVIDES POST SECONDARY EDUCATION TO MINORITY STUDENTS FROM VARIOUS PARTS OF THE UNINTED STATES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Elfred Anthony Pinkard President | Officer | 40 | $262,000 |
William Woodson CFO | Officer | 40 | $150,000 |
Floyd Alexander Trustee Emer | Trustee | $0 | |
Paxton Baker Trustee | Trustee | $0 | |
Mary Boosalis Trustee | Trustee | $0 | |
Dr Jamye Coleman-Willliams Trustee Emer | Trustee | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Aladdin Food Management Services Food Service | 6/29/19 | $307,524 |
City Of Xenia Utility Billin Utility | 6/29/19 | $242,213 |
Clausell & Associates Cpa's Financial | 6/29/19 | $280,268 |
Dayton Power & Light Company Utility | 6/29/19 | $258,466 |
Oh Real Property Management Facility Mgt | 6/29/19 | $271,600 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $10,889,885 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,494,427 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $12,384,312 |
| Total Program Service Revenue | $5,269,037 |
| Investment income | $38,104 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $18,509,447 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $6,911,578 |
| Pension plan accruals and contributions | $76,577 |
| Other employee benefits | $739,523 |
| Payroll taxes | $528,736 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $237,396 |
| Fees for services: Accounting | $258,885 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $758,236 |
| Advertising and promotion | $46,403 |
| Office expenses | $104,013 |
| Information technology | $580,380 |
| Royalties | $0 |
| Occupancy | $380,932 |
| Travel | $282,516 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $195,075 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,141,987 |
| Insurance | $609,694 |
| All other expenses | $0 |
| Total functional expenses | $17,420,954 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $122,324 |
| Savings and temporary cash investments | $1,445,828 |
| Pledges and grants receivable | $2,289,352 |
| Accounts receivable, net | $83,279 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $376,598 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $18,220,735 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $5,763,865 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $176,449 |
| Total assets | $28,478,430 |
| Accounts payable and accrued expenses | $2,068,295 |
| Grants payable | $0 |
| Deferred revenue | $209,986 |
| 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 | $9,306,874 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,579,841 |
| Total liabilities | $13,164,996 |
| Net assets without donor restrictions | $15,313,434 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $28,478,430 |