Shaw University
- Assets
- $72.5m
- Revenue
- $67.0m
- Investments
- $0.0
- Employees
- 650
- Location
- Raleigh, NC
- Founding
- 08/1956
- Data as of
- 06/2021
- EIN
- 56-0530235
Organization Overview
Shaw University is located in Raleigh, NC. The organization was established in 1956. 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, Shaw University employed 650 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Shaw 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, Shaw University generated $67.0m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 9.1% each year. All expenses for the organization totaled $40.7m during the year ending 06/2021. While expenses have increased by 1.6% per year over the past 6 years. They've been increasing with an increasing level of total revenue. 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
SEE SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE SHAW UNIVERSITY IS A COEDUCATIONAL INSTITUTION OF LIBERAL ARTS, OFFERING UNDERGRADUATE DEGREES AND A MASTERS OF DIVINITY DEGREE, MASTERS OF RELIGIOUS EDUCATION AND A MASTER OF SCIENCE IN CURRICULUM AND INSTRUCTION WITH A CONCENTRATION IN EARLY CHILDHOOD EDUCATION. THE UNIVERSITY PROVIDES STUDENT AID TO QUALIFIED STUDENTS WHO EXPRESS A FINANCIAL NEED IN ORDER TO COMPLETE THEIR EDUCATION. THERE ARE APPROXIMATELY 1,141 FULL-TIME AND PART-TIME STUDENTS. THE UNIVERSITY ALSO OFFERS STUDENT HOUSING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Paulette Dillard President | Officer | 40 | $245,799 |
Lynette Wood Dean - School Of Business | 40 | $154,040 | |
David Byrd VP For Finance And Admin/cfo | Officer | 40 | $143,861 |
Michael West VP For Univ. Operations/coo | Officer | 40 | $137,526 |
Marilyn Richards VP Institutional Advancement | Officer | 40 | $112,468 |
Renata Dusenbury VP For Academic Affairs | Officer | 40 | $103,346 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Jenzabar It/consulting | 6/29/21 | $593,800 |
Sodexo Inc Plant Maintenance | 6/29/21 | $1,813,546 |
The Ultimate Software Group Payroll Services | 6/29/21 | $130,568 |
Thompson Hospitality Services Food And Catering | 6/29/21 | $1,192,646 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $10,954,588 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,380,562 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $15,335,150 |
| Total Program Service Revenue | $23,975,933 |
| Investment income | $444,775 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $3,030,124 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $66,988,324 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $78,600 |
| Grants and other assistance to domestic individuals. | $6,253,505 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,233,186 |
| Compensation of current officers, directors, key employees. | $988,741 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $11,864,173 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $939,245 |
| Payroll taxes | $961,672 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $896,436 |
| Fees for services: Accounting | $368,048 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,471,456 |
| Advertising and promotion | $34,294 |
| Office expenses | $4,635,632 |
| Information technology | $719,202 |
| Royalties | $0 |
| Occupancy | $1,374,764 |
| Travel | $2,026,154 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $159,063 |
| Interest | $202,563 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,156,581 |
| Insurance | $1,674,934 |
| All other expenses | $75,304 |
| Total functional expenses | $40,739,881 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,590,736 |
| Savings and temporary cash investments | $764,544 |
| Pledges and grants receivable | $8,269,953 |
| Accounts receivable, net | $3,553,122 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $375,060 |
| Net Land, buildings, and equipment | $36,482,369 |
| Investments—publicly traded securities | $20,467,327 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $72,503,111 |
| Accounts payable and accrued expenses | $6,408,157 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $8,857,880 |
| Other liabilities | $0 |
| Total liabilities | $15,266,037 |
| Net assets without donor restrictions | $42,303,255 |
| Net assets with donor restrictions | $14,933,819 |
| 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 | $72,503,111 |
Grants Awarded
Over the last fiscal year, Shaw University has awarded $170,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
Washington, DC PURPOSE: Fund Education | $75,000 |
Washington, DC PURPOSE: Fund Education | $75,000 |
INNOVATE RALEIGH PURPOSE: Fund Raleigh's journ | $10,000 |
INNOVATE RALEIGH PURPOSE: Fund Raleigh's journ | $10,000 |
Grants Recieved
Over the last fiscal year, we have identified 20 grants that Shaw University has recieved totaling $1,979,659.
| Awarding Organization | Amount |
|---|---|
United Negro College Fund Inc Washington, DC PURPOSE: GRANTS & SCHOLARSHIPS, AREA OFFICE JOINT CAMPAIGN | $897,611 |
Lilly Endowment Inc Indianapolis, IN PURPOSE: THRIVING CONGREGATIONS INITIATIVE | $460,000 |
Wake County Smartstart Raleigh, NC PURPOSE: NC PREK | $202,957 |
Lumina Foundation For Education Inc Indianapolis, IN PURPOSE: TO BUILD HBCU INSTITUTIONAL CAPACITY TO SERVE BLACK ADULT LEARNERS. | $100,000 |
Lumina Foundation For Education Inc Indianapolis, IN PURPOSE: TO BUILD HBCU INSTITUTIONAL CAPACITY TO SERVE BLACK ADULT LEARNERS. | $75,000 |
Lilly Endowment Inc Indianapolis, IN PURPOSE: PATHWAYS FOR TOMORROW INITIATIVE | $50,000 |
Endowment Analysis
| Beg. Balance | $11,708,723 |
| Earnings | $1,789,129 |
| Net Contributions | $816,051 |
| Other Expense | $291,070 |
| Ending Balance | $14,022,833 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Anderson University Anderson, SC | $269,873,980 | $130,183,026 |
Wofford College Spartanburg, SC | $486,613,567 | $116,076,279 |
Spelman College Atlanta, GA | $855,779,306 | $182,970,731 |
Roanoke College Salem, VA | $354,210,741 | $126,475,040 |
Lee University Cleveland, TN | $200,405,989 | $108,753,431 |
Morehouse College Atlanta, GA | $491,950,493 | $206,029,432 |
Union University Jackson, TN | $193,669,100 | $103,290,604 |
Lenoir-Rhyne University Hickory, NC | $251,750,614 | $101,403,823 |
Randolph-Macon College Ashland, VA | $426,120,167 | $119,204,346 |
Bridgewater College Bridgewater, VA | $220,158,848 | $86,618,271 |
Trevecca Nazarene University Nashville, TN | $238,062,092 | $96,180,255 |
Hampden-Sydney College Hampdensydney, VA | $332,900,116 | $118,845,969 |