Claflin University
- Assets
- $159.6m
- Revenue
- $90.5m
- Investments
- $5.5m
- Employees
- 799
- Location
- Orangeburg, SC
- Founding
- 07/1946
- Data as of
- 06/2022
- EIN
- 57-0314374
Organization Overview
Claflin University is located in Orangeburg, SC. The organization was established in 1946. 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, Claflin University employed 799 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Claflin 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, Claflin University generated $90.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.8% each year. All expenses for the organization totaled $62.9m during the year ending 06/2022. While expenses have increased by 2.2% per year over the past 7 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
CLAFLIN UNIVERSITY IS AN INDEPENDENT, LIBERAL ARTS, CO-EDUCATIONAL, HISTORICALLY BLACK INSTITUTION THAT IS AFFILIATED WITH THE UNITED METHODIST CHURCH. IT IS DEDICATED TO EDUCATIONAL EXCELLENCE AND TO PREPARING STUDENTS WITHOUT REGARD TO GENDER, RACE, RELIGION OR ETHNIC ORIGIN. IT IS COMMITTED TO OFFERING QUALITY UNDERGRADUATE PROGRAMS, SELECT GRADUATE PROGRAMS, AND VIABLE CONTINUING EDUCATION OPPORTUNITIES. IN FISCAL YEAR 2022, APPROXIMATELY 2,600 STUDENTS WERE ENROLLED AT THE UNIVERSITY.
Describe the Organization's Program Activity:
INSTRUCTIONAL:CLAFLIN'S PRIMARY EXEMPT PURPOSE ACHIEVEMENT IS TO PROVIDE A HIGHER EDUCATION TO STUDENTS UNDER A COLLEGE DEGREE PROGRAM. CLAFLIN HAS FOUR SCHOOLS CONSISTING OF THE SCHOOL OF EDUCATION, SCHOOL OF NATURAL SCIENCE AND MATHEMATICS, SCHOOL OF BUSINESS AND SCHOOL OF HUMANITIES AND SOCIAL SCIENCE AS WELL AS THE CENTER FOR PROFESSIONAL AND CONTINUING STUDIES. COURSES ARE OFFERED LEADING TO THE AWARD OF THE BACHELOR OF ARTS IN 14 MAJORS, BACHELOR OF SCIENCE IN 23 MAJORS AND A MASTERS OF BUSINESS ADMINISTRATION.
AUXILIARY SERVICES:THE UNIVERSITY CONDUCTED AUXILIARY ENTERPRISES FOR THE CONVENIENCE OF STUDENTS, FACULTY, STAFF AND THE COMMUNITY-AT-LARGE. AUXILIARY ENTERPRISES CONSIST OF INTERCOLLEGIATE ATHLETICS, STUDENT HOUSING, FOOD SERVICE AND PRINT SHOP. THE UNIVERSITY PARTICIPATES IN NCAA DIVISION II ATHLETICS AND ITS PROGRAMS CONSIST OF FOUR SPORTS FOR MEN AND FIVE SPORTS FOR WOMEN.
STUDENT SERVICES:CLAFLIN UNIVERSITY IS WEDDED TO THE IDEA THAT ACADEMIC ACHIEVEMENT IS FACILITATED BY A WELL-BALANCED AND WELL-ROUNDED PROGRAM OF STUDENT ACTIVITIES AND SERVICES. AS THE NAME IMPLIES, STUDENT DEVELOPMENT AND SERVICES OPERATES PRIMARILY FOR STUDENTS. THIS UNIT SEEKS TO SERVE STUDENTS BOTH DIRECTLY AND INDIRECTLY: DIRECTLY IN THAT IT ANTICIPATES AND PROVIDES FOR THEIR PHYSICAL, EMOTIONAL, AND SPIRITUAL NEEDS AND INDIRECTLY IN THAT, IN ITS TOTALITY, IT HELPS TO BUILD THE MORALE OF THE STUDENT BODY. STUDENT SERVICES PROGRAMS INCLUDE CAREER SERVICES, STUDENT HEALTH SERVICES, COUNSELING CENTER, CHAPLAIN SERVICES, FINANCIAL AID, ADMISSIONS, RECORDS, RESIDENTIAL LIFE AND STUDENT GOVERNMENT.
THE UNIVERSITY PROVIDED SUPPORT TO PANTHER HEALTH PARTNERS INC. AND CLAFLIN QALICB INC. TO FACILITATE NEW MARKET TAX CREDIT TRANSACTIONS FOR THE BUILDING OF A HEALTH AND WELLNESS CENTER TO SERVE THE UNIVERSITY AND THE ORANGEBURG COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Dwaun J Warmack President | Officer | 40 | $455,000 |
Karl Wright Provost/chief Academic Officer | Officer | 40 | $252,512 |
Zia Hasan VP Institutional Effectiveness | Officer | 40 | $205,048 |
Tijuana Hudson VP Fiscal Affairs | Officer | 40 | $204,205 |
Leroy A Durant VP Student Development | Officer | 40 | $194,476 |
Marcus H Burgess Interim VP - Institutional Advancement | Officer | 40 | $160,000 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Sodexo Inc Food And Facility Services | 6/29/22 | $5,211,060 |
Hoffman Mechanical Solutions Inc Hvac And Cooling Services | 6/29/22 | $313,680 |
Waste Management Solid Waste Services | 6/29/22 | $185,558 |
Cherry Bekaert Llp Accounting Services | 6/29/22 | $162,700 |
Barnes And Noble Booksellers Bookstore Operations | 6/29/22 | $151,642 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $120,590 |
| Related organizations | $0 |
| Government grants | $26,408,564 |
| All other contributions, gifts, grants, and similar amounts not included above | $15,045,283 |
| Noncash contributions included in lines 1a–1f | $159,937 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $41,574,437 |
| Total Program Service Revenue | $41,568,280 |
| Investment income | $1,818,603 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $39,870 |
| Net Gain/Loss on Asset Sales | $5,402,379 |
| Net Income from Fundraising Events | $85,358 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $90,488,927 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $341,111 |
| Grants and other assistance to domestic individuals. | $12,503,971 |
| Grants and other assistance to Foreign Orgs/Individuals | $4,500 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $2,198,912 |
| Compensation of current officers, directors, key employees. | $2,198,912 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $19,799,350 |
| Pension plan accruals and contributions | $766,708 |
| Other employee benefits | $1,567,452 |
| Payroll taxes | $1,549,509 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $18,536 |
| Fees for services: Accounting | $162,988 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $354,749 |
| Fees for services: Other | $6,370,745 |
| Advertising and promotion | $212,496 |
| Office expenses | $1,452,584 |
| Information technology | $248,994 |
| Royalties | $0 |
| Occupancy | $2,693,730 |
| Travel | $813,882 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $213,591 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,861,758 |
| Insurance | $767,316 |
| All other expenses | $3,874,063 |
| Total functional expenses | $62,932,622 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $20,451,635 |
| Savings and temporary cash investments | $8,895,535 |
| Pledges and grants receivable | $820,961 |
| Accounts receivable, net | $1,221,540 |
| 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 | $521,601 |
| Net Land, buildings, and equipment | $51,659,486 |
| Investments—publicly traded securities | $51,008,180 |
| Investments—other securities | $5,478,668 |
| Investments—program-related | $19,433,725 |
| Intangible assets | $0 |
| Other assets | $58,735 |
| Total assets | $159,550,066 |
| Accounts payable and accrued expenses | $4,400,838 |
| Grants payable | $0 |
| Deferred revenue | $4,187,395 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $883,365 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $16,549,500 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $633,620 |
| Total liabilities | $26,654,718 |
| Net assets without donor restrictions | $96,308,877 |
| Net assets with donor restrictions | $36,586,471 |
| 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 | $159,550,066 |
Grants Awarded
Over the last fiscal year, Claflin University has awarded $341,111 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
CLAFLIN QALICB PURPOSE: STUDENT ACTIVITY AND COMMUNITY CENTER | $200,000 |
Orangeburg, SC PURPOSE: WELLNESS CENTER | $141,111 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Claflin University has recieved totaling $500.
| Awarding Organization | Amount |
|---|---|
Chapman Foundation Greenville, SC PURPOSE: 501(C)(3) EDUCATIONAL INSTITUTION CONTRIBUTION | $500 |
Endowment Analysis
| Beg. Balance | $29,052,141 |
| Earnings | -$4,508,464 |
| Net Contributions | $4,751,645 |
| Grants | $121,016 |
| Ending Balance | $29,174,306 |
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 |
Morehouse College Atlanta, GA | $491,950,493 | $206,029,432 |
Lenoir-Rhyne University Hickory, NC | $251,750,614 | $101,403,823 |
Oglethorpe University Inc Atlanta, GA | $134,446,425 | $78,800,641 |
Claflin University Orangeburg, SC | $159,550,066 | $90,488,927 |
Catawba College Salisbury, NC | $404,243,208 | $275,797,439 |
Benedict College Columbia, SC | $122,453,279 | $61,010,211 |
Piedmont University Inc Demorest, GA | $159,118,905 | $56,789,955 |
North Carolina Wesleyan University Rocky Mount, NC | $65,274,015 | $57,107,518 |
Mars Hill University Mars Hill, NC | $168,863,107 | $54,418,250 |