Shaw University
- Assets
- $69.5m
- Revenue
- $42.0m
- Investments
- $0.0
- Employees
- 650
- Location
- Raleigh, NC
- Founding
- 08/1956
- Data as of
- 06/2022
- 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 06/2022, 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 06/2022, Shaw University generated $42.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.8% each year. All expenses for the organization totaled $41.3m during the year ending 06/2022. While expenses have increased by 1.5% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
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 1,067 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 | $279,734 |
Lynette Wood Dean - School Of Business | 40 | $169,435 | |
David Byrd VP For Finance And Admin/cfo | Officer | 40 | $168,343 |
Terrance Dixon VP Enrollment Mgmt & Student | Officer | 40 | $139,629 |
Marilyn Richards VP Institutional Advancement | Officer | 40 | $125,030 |
Renata Dusenbury VP For Academic Affairs | Officer | 40 | $123,433 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Sodexo Inc Plant Maintenance | 6/29/22 | $1,305,506 |
Thompson Hospitality Services Food And Catering | 6/29/22 | $1,136,111 |
Jenzabar It/consulting | 6/29/22 | $360,102 |
Hayat Brown Llc Real Estate | 6/29/22 | $135,532 |
Gray Associations Inc Academic Program | 6/29/22 | $107,140 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $7,272,433 |
| All other contributions, gifts, grants, and similar amounts not included above | $11,321,038 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $18,593,471 |
| Total Program Service Revenue | $22,365,456 |
| Investment income | $620,988 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $263,863 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $41,989,204 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $76,600 |
| Grants and other assistance to domestic individuals. | $6,370,792 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,376,394 |
| Compensation of current officers, directors, key employees. | $1,038,385 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $12,195,018 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $919,269 |
| Payroll taxes | $1,017,541 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $415,423 |
| Fees for services: Accounting | $300,760 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,566,581 |
| Advertising and promotion | $59,907 |
| Office expenses | $5,118,408 |
| Information technology | $747,275 |
| Royalties | $0 |
| Occupancy | $1,279,297 |
| Travel | $3,551,718 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $370,476 |
| Interest | $258,100 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,084,001 |
| Insurance | $1,354,033 |
| All other expenses | $63,279 |
| Total functional expenses | $41,336,381 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,674,022 |
| Savings and temporary cash investments | $964,032 |
| Pledges and grants receivable | $2,177,976 |
| Accounts receivable, net | $3,918,542 |
| 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 | $1,455,443 |
| Net Land, buildings, and equipment | $39,399,873 |
| Investments—publicly traded securities | $18,910,805 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $69,500,693 |
| Accounts payable and accrued expenses | $4,421,932 |
| 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 | $6,858,880 |
| Other liabilities | $0 |
| Total liabilities | $11,280,812 |
| Net assets without donor restrictions | $42,597,931 |
| Net assets with donor restrictions | $15,621,950 |
| 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 | $69,500,693 |
Grants Awarded
Over the last fiscal year, Shaw University has awarded $85,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
UNITED NEGRO COLLEGE FUND (UNCF) PURPOSE: Fund Education | $75,000 |
INNOVATE RALEIGH PURPOSE: Fund Raleigh's journ | $10,000 |