Bowie State University Foundation

Organization Overview

Bowie State University Foundation is located in Bowie, MD. The organization was established in 1972. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bowie State University Foundation 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, Bowie State University Foundation generated $9.6m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 34.6% each year . All expenses for the organization totaled $2.8m during the year ending 06/2022. While expenses have increased by 18.8% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

TO FACILITATE FUNDRAISING AND STEWARDSHIP EFFORTS OF BOWIE STATE UNIVERSITY.

Describe the Organization's Program Activity:

Part 3 - Line 4a

EXPENSES REFLECT GRANTS TO BOWIE STATE UNIVERSITY FOR SCHOLARSHIPS AWARDED TO STUDENTS IN SUPPORT OF EFFORTS TO ADDRESS RETENTION NEEDS, IMPROVE THE GRADUATION RATE, AND BRIDGE GAP FUNDING AND ENHANCE RECRUITMENT.


EXPENDITURES/TRANSACTIONS REFLECT SUPPORT FOR BOWIE STATE UNIVERSITY PROGRAMS AND STUDENT EXPERIENCES, AS WELL AS TRANSACTIONS FOR CAMPUS OPERATIONS, INFRASTRUCTURE AND COMPLAINCE CONCERNS


Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.

Board, Officers & Key Employees

Name (title)Compensation
Daphne DE Shields
Chief Financial Officer
$46,484
Brent Swinton
Executive Director
$12,216
Alfonzo Powell
Vice Chair
$0
James Selvaggi
Treasurer
$0
Ron Busby
Secretary
$0
Gordon Sampson
Chair
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Bowie State University
Student Scholarships, Awards, Housing, B
$618,397
Baltimore Contractors Inc
Saxby Cafe Contruction
$300,000
Umf Inc
Bsuf Endowment Donations - Transfer
$132,110
Bowie State University
Student Scholarships, Awards, Housing, B
$618,397
Umf Inc
Bsuf Endowment Donations - Transfer
$132,110
Baltimore Contractors Inc
Saxby Cafe Contruction
$300,000
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$33,172
Related organizations$0
Government grants $500,000
All other contributions, gifts, grants, and similar amounts not included above$5,437,423
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$5,970,595
Total Program Service Revenue$0
Investment income $625,304
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $2,698,239
Net Income from Fundraising Events -$12,749
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $9,577,897

Grants Awarded

Over the last fiscal year, Bowie State University Foundation has awarded $1,381,279 in support to 2 organizations.

Grant RecipientAmount

BOWIE STATE UNIVERSTIY

PURPOSE: TO ASSIST BOWIE STATE UNIVERSITY AWARD SCHOLARSHIPS TO STUDENTS IN SUPPORT OF EFFORTS TO ADDRESS RETENTION NEEDS, IMPROVE THE GRADUATION RATE, AND BRIDGE GAP FUNDING AND ENHANCE RECRUITMENT.

$953,945

BOWIE STATE UNIVERSTIY

PURPOSE: GRANTS TO SUPPORT BOWIE STATE UNIVERSITY AND ITS MISSION, PROGRAMS AND STUDENT EXPERIENCES

$427,334
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 10 grants that Bowie State University Foundation has recieved totaling $329,834.

Awarding OrganizationAmount
Strada Education Network Inc

Indianapolis, IN

PURPOSE: OPERATING GRANT

$119,500
Columbus Foundation

Columbus, OH

PURPOSE: EDUCATION

$100,000
Icon360 Inc

Brooklyn, NY

PURPOSE: HBCU FASHION DEPARTMENT SUPPORT

$50,000
Jack And Jill Of America Foundation Inc

Washington, DC

PURPOSE: SCHOLARSHIP

$29,107
Tulsa Community Foundation

Tulsa, OK

PURPOSE: SCHOLARSHIP

$10,000
Americas Charities

Chantilly, VA

PURPOSE: GENERAL SUPPORT

$7,439
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$10,286,965
Earnings$100,332
Net Contributions$2,837,588
Other Expense$1,087,974
Ending Balance$12,136,911

Create an account to unlock the data you need.

or