Howard University
- Assets
- $1.7b
- Revenue
- $1.0b
- Investments
- $307.4m
- Employees
- 7,043
- Location
- Washington, DC
- Founding
- 11/1940
- Data as of
- 06/2020
- EIN
- 53-0204707
Organization Overview
Howard University is located in Washington, DC. The organization was established in 1940. According to its NTEE Classification (B43) the organization is classified as: Universities, under the broad grouping of Education and related organizations. As of 06/2021, Howard University employed 7,043 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Howard 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 06/2020, Howard University generated $1.0b in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 1.9% each year. All expenses for the organization totaled $966.3m during the year ending 06/2020. While expenses have increased by 1.2% 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.
Since 2015, Howard University has awarded 366 individual grants totaling $28,531,585. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
WE EDUCATE STUDENTS, DEVELOP PROFESSIONALS, CONDUCT RESEARCH, AND SERVE PATIENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATION, GENERAL/OTHER - HOWARD UNIVERSITY IS A COMPREHENSIVE RESEARCH-ORIENTED HISTORICALLY BLACK PRIVATE UNIVERSITY PROVIDING AN EDUCATIONAL EXPERIENCE OF EXCEPTIONAL QUALITY TO STUDENTS OF HIGH ACADEMIC POTENTIAL WITH PARTICULAR EMPHASIS UPON THE PROVISION OF EDUCATIONAL OPPORTUNITIES TO ALL STUDENTS. HOWARD UNIVERSITY IS THE NATION'S TOP PRODUCER OF MINORITY LAWYERS, DENTISTS, PHYSICIANS AND AFRICAN AMERICAN PHDS IN THE SCIENCE AND TECHNOLOGY FIELDS. THE UNIVERSITY SERVES A COMMUNITY OF MORE THAN 10,000 STUDENTS.
A PRIVATE, NONPROFIT INSTITUTION, HOWARD UNIVERSITY HOSPITAL IS THE NATION'S ONLY TEACHING HOSPITAL LOCATED ON THE CAMPUS OF A HISTORICALLY BLACK UNIVERSITY. IT OFFERS MEDICAL STUDENTS A SUPERIOR LEARNING ENVIRONMENT AND OPPORTUNITIES TO OBSERVE OR PARTICIPATE IN CLINICAL AND RESEARCH WORK WITH PROFESSIONALS THAT UNIQUELY ADDRESSES THE SPECIAL HEALTH CARE NEEDS OF MEDICALLY UNDERSERVED COMMUNITIES. HOWARD UNIVERSITY HOSPITAL ADMITS PATIENTS REGARDLESS OF THEIR ABILITY TO PAY.
THE UNIVERSITY OFFERS EDUCATIONAL SUPPORT THROUGH ITS AUXILIARY SERVICES FOR THE BENEFIT OF STAFF, FACULTY AND STUDENTS AND TO COMPLEMENT THE QUALITY OF THE ACADEMIC LIFE. AUXILIARY SERVICES INCLUDE STUDENT HOUSING, FOOD SERVICES, PARKING, TRANSPORTATION SERVICES AND PUBLIC TELEVISION STATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Wayne A I Frederick MD MBA President | OfficerTrustee | 40 | $1,083,325 |
Hugh Mighty MD VP Clinical Affairs | Officer | 40 | $710,646 |
Robert Wilson MD Associate Professor Of Orthopedic Surgery | 40 | $598,177 | |
Damirez Fossett MD Chair Of Neurosurgery | 40 | $573,533 | |
Edward Cornwell MD Surgeon-In-Chief | 40 | $564,706 | |
Guoyang Luo MD Chair Of Ob/gyn | 40 | $561,344 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Sodexo Inc And Affiliates Food Service For Students | 6/29/21 | $15,044,472 |
Thompson Facilities Services Llc Facility Management Service | 6/29/21 | $14,167,958 |
American Combustion Industries Inc Rental, Repairs & Maintenance | 6/29/21 | $8,922,350 |
Mcn Build Llc Construction Services | 6/29/21 | $7,986,127 |
Gilbane Building Company Construction Services | 6/29/21 | $7,024,621 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $291,440,000 |
| Investment income | $15,342,000 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $1,751,000 |
| Net Gain/Loss on Asset Sales | $46,877,000 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,025,632,000 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $109,368,773 |
| Grants and other assistance to Foreign Orgs/Individuals | $9,444,958 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $8,279,008 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $362,564,674 |
| Pension plan accruals and contributions | $14,005,906 |
| Other employee benefits | $58,410,816 |
| Payroll taxes | $15,657,263 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $4,735,805 |
| Fees for services: Accounting | $5,249,596 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $76,482,535 |
| Advertising and promotion | $3,259,425 |
| Office expenses | $44,145,810 |
| Information technology | $1,855,235 |
| Royalties | $4,388,406 |
| Occupancy | $1,474,456 |
| Travel | $5,106,274 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,577,674 |
| Interest | $25,261,429 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $47,920,557 |
| Insurance | $19,419,018 |
| All other expenses | $0 |
| Total functional expenses | $966,309,000 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $123,017,000 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $27,351,000 |
| Accounts receivable, net | $89,184,000 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $6,840,000 |
| Inventories for sale or use | $4,939,000 |
| Prepaid expenses and deferred charges | $8,824,000 |
| Investments—publicly traded securities | $460,408,000 |
| Investments—other securities | $307,397,000 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $92,147,000 |
| Total assets | $1,667,010,000 |
| Accounts payable and accrued expenses | $163,912,000 |
| Grants payable | $0 |
| Deferred revenue | $72,844,000 |
| Tax-exempt bond liabilities | $384,814,000 |
| 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 | $79,486,000 |
| Other liabilities | $265,527,000 |
| Total liabilities | $966,583,000 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $700,427,000 |
Grants Awarded
Over the last fiscal year, Howard University has awarded $3,667,403 in support to 37 organizations.
| Grant Recipient | Amount |
|---|---|
GILBANE BUILDING COMPANY PURPOSE: SUPPORT RESEARCH & EDUCATION | $815,351 |
UNIVERSITY OF MARYLAND PURPOSE: SUPPORT RESEARCH & EDUCATION | $444,164 |
Los Angeles, CA PURPOSE: SUPPORT RESEARCH & EDUCATION | $359,597 |
Washington, DC PURPOSE: SUPPORT RESEARCH & EDUCATION | $323,953 |
Jackson, MS PURPOSE: SUPPORT RESEARCH & EDUCATION | $207,040 |
Washington, DC PURPOSE: SUPPORT RESEARCH & EDUCATION | $166,363 |
Grants Recieved
Over the last fiscal year, we have identified 13 grants that Howard University has recieved totaling $822,764.
| Awarding Organization | Amount |
|---|---|
Delta Dental Community Care Foundation San Francisco, CA PURPOSE: SIGNATURE PROGRAM | $435,575 |
Delta Dental Community Care Foundation San Francisco, CA PURPOSE: SIGNATURE PROGRAM | $160,000 |
Delta Dental Community Care Foundation San Francisco, CA PURPOSE: ACCESS TO CARE | $150,000 |
Delta Dental Community Care Foundation San Francisco, CA PURPOSE: ORAL HEALTH EDUCATION | $50,000 |
Anonymous Trust Raleigh, NC PURPOSE: SCHOLARSHIP FOR JANET THOMPSON | $7,919 |
Tribune-Review Charities Tarentum, PA PURPOSE: DIVERSITY IN MEDIA SCHOLARSHIP | $7,500 |
Endowment Analysis
| Beg. Balance | $719,900,000 |
| Earnings | $173,474,000 |
| Net Contributions | $25,571,000 |
| Other Expense | $79,650,000 |
| Grants | $20,902,000 |
| Ending Balance | $818,393,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Howard University Washington, DC | $1,667,010,000 | $1,025,632,000 |
American University Washington, DC | $2,059,436,434 | $862,369,744 |
University Of Richmond Richmond, VA | $3,926,462,707 | $713,801,637 |
Catholic University Of America Washington, DC | $943,835,203 | $334,648,312 |
Loyola University Maryland Inc Baltimore, MD | $700,282,931 | $288,447,259 |
Gallaudet University Washington, DC | $475,474,360 | $202,751,628 |
Hampton University Hampton, VA | $893,877,520 | $270,327,094 |
Shenandoah University Winchester, VA | $263,006,503 | $128,402,437 |
Mount Saint Marys University Emmitsburg, MD | $202,133,149 | $126,243,509 |
University Of Lynchburg Lynchburg, VA | $240,911,893 | $116,895,847 |
Mc Daniel College Inc Westminster, MD | $217,534,229 | $113,872,650 |
Marymount University Arlington, VA | $272,414,108 | $118,614,940 |