Wilberforce University
- Assets
- $28.2m
- Revenue
- $40.7m
- Investments
- $5.7m
- Employees
- 223
- Location
- Wilberforce, OH
- Founding
- 12/1937
- Data as of
- 06/2021
- 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 06/2021, Wilberforce University employed 223 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 06/2021, Wilberforce University generated $40.7m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 17.5% each year . All expenses for the organization totaled $14.8m 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
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 | $199,500 |
William Woodson CFO | Officer | 40 | $141,667 |
Floyd Alexander Trustee Emer | Trustee | 5 | $0 |
Paxton Baker Trustee | Trustee | 5 | $0 |
Dr Jamye Coleman-Willliams Trustee Emer | Trustee | 5 | $0 |
Jermaine Covington Trustee-Ame | Trustee | 5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Clausell & Associates Cpa's Financial | 6/29/19 | $280,268 |
Aladdin Food Management Services Food Service | 6/29/19 | $307,524 |
Oh Real Property Management Facility Mgt | 6/29/19 | $271,600 |
Dayton Power & Light Company Utility | 6/29/19 | $258,466 |
City Of Xenia Utility Billin Utility | 6/29/19 | $242,213 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $9,322,427 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,011,315 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $10,333,742 |
| Total Program Service Revenue | $5,418,425 |
| Investment income | $4,214 |
| 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 | $40,652,171 |
| 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 | $6,199,178 |
| Pension plan accruals and contributions | $134,076 |
| Other employee benefits | $1,219,586 |
| Payroll taxes | $468,117 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $136,275 |
| Fees for services: Accounting | $151,710 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $503,624 |
| Fees for services: Other | $135,325 |
| Advertising and promotion | $12,740 |
| Office expenses | $504,905 |
| Information technology | $455,160 |
| Royalties | $0 |
| Occupancy | $367,904 |
| Travel | $373,705 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $10,498 |
| Interest | $116,375 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,067,940 |
| Insurance | $547,265 |
| All other expenses | $0 |
| Total functional expenses | $14,780,195 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $393,877 |
| Savings and temporary cash investments | $1,244,512 |
| Pledges and grants receivable | $2,684,356 |
| Accounts receivable, net | $451,377 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $476,404 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $17,023,986 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $5,743,286 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $162,687 |
| Total assets | $28,180,485 |
| Accounts payable and accrued expenses | $1,764,167 |
| Grants payable | $0 |
| Deferred revenue | $1,565,572 |
| 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 | $9,348,078 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,277,727 |
| Total liabilities | $13,955,544 |
| Net assets without donor restrictions | $14,224,941 |
| 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 | $28,180,485 |
Grants Recieved
Over the last fiscal year, we have identified 10 grants that Wilberforce University has recieved totaling $1,160,784.
| Awarding Organization | Amount |
|---|---|
United Negro College Fund Inc Washington, DC PURPOSE: GRANTS & SCHOLARSHIPS, AREA OFFICE JOINT CAMPAIGN | $1,119,232 |
Morgan Stanley Global Impact Funding Trust Inc Indianapolis, IN PURPOSE: UNRESTRICTED GENERAL SUPPORT | $17,500 |
Miami Valley Hospital Dayton, OH PURPOSE: SUPPORT | $8,200 |
Tom Joyner Foundation Inc Dallas, TX PURPOSE: EDUCATION SCHOLARSHIP | $5,646 |
Verizon Foundation Basking Ridge, NJ PURPOSE: MIP PAYOUT FOR 01/12/21 | $3,000 |
Verizon Foundation Basking Ridge, NJ PURPOSE: MIP PAYOUT FOR 02/03/21 | $2,000 |
Endowment Analysis
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Franklin College Of Indiana Franklin, IN | $160,839,660 | $64,884,316 |
Ohio Dominican University Columbus, OH | $77,838,919 | $50,128,137 |
Notre Dame College South Euclid, OH | $47,555,171 | $48,168,719 |
West Virginia Wesleyan College Buckhannon, WV | $129,913,530 | $51,877,916 |
Goshen College Inc Goshen, IN | $212,121,347 | $46,777,772 |
Huntington University Inc Huntington, IN | $88,113,397 | $42,138,482 |
University Of Northwestern Ohio Lima, OH | $114,514,487 | $54,604,805 |
Hiram College Hiram, OH | $148,255,931 | $41,168,029 |
Thiel College Greenville, PA | $97,550,860 | $47,464,141 |
Malone University Canton, OH | $68,667,237 | $44,894,843 |
Wilmington College Wilmington, OH | $137,983,559 | $72,527,709 |
Lourdes University Sylvania, OH | $53,479,369 | $38,568,950 |