Clark Atlanta University Inc
- Assets
- $305.2m
- Revenue
- $177.0m
- Investments
- $8.2m
- Employees
- 1,321
- Location
- Atlanta, GA
- Founding
- 08/1989
- Data as of
- 06/2021
- EIN
- 58-1825259
Organization Overview
Clark Atlanta University Inc is located in Atlanta, GA. The organization was established in 1989. 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, Clark Atlanta University Inc employed 1,321 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Clark Atlanta University Inc 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, Clark Atlanta University Inc generated $177.0m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 6.7% each year. All expenses for the organization totaled $138.2m during the year ending 06/2021. While expenses have increased by 3.2% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
CLARK ATLANTA UNIVERSITY IS A DOCTORAL RESEARCH UNIVERSITY THAT OFFERS UNDERGRADUATE, GRADUATE AND PROFESSIONAL DEGREE PROGRAMS AS WELL AS NON-DEGREE CERTIFICATE PROGRAMS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
INSTRUCTION: CLARK ATLANTA UNIVERSITY (CAU), FORMED IN 1988 AS A RESULT OF THE CONSOLIDATION OF TWO INDEPENDENT HISTORICALLY BLACK INSTITUTIONS - ATLANTA UNIVERSITY (1865) AND CLARK COLLEGE (1869), IS A UNITED METHODIST CHURCH RELATED, PRIVATE, COEDUCATIONAL, RESIDENTIAL, AND COMPREHENSIVE URBAN INSTITUTION. THE UNIVERSITY AWARDS BACHELORS, MASTERS, SPECIALIST AND DOCTORAL DEGREES.
AUXILIARY ENTERPRISES: AS A RESIDENTIAL INSTITUTION, CLARK ATLANTA UNIVERSITY PROVIDED ON-CAMPUS HOUSING FOR APPROXIMATELY 503 OF ITS 3,574 STUDENTS. THE UNIVERSITY ALSO PROVIDES DINING SERVICES TO STUDENTS IN THE RESIDENTIAL HALLS, FACULTY, STAFF AND OTHER EXTERNAL PARTIES.
ACADEMIC SUPPORT: CLARK ATLANTA UNIVERSITY PROVIDES STUDENTS WITH ACADEMIC SUPPORT TO ENSURE STUDENTS REACH THEIR EDUCATIONAL GOALS. THE ACADEMIC SUPPORT SERVICES INCLUDE AREAS SUCH AS THE LIBRARY, TECHNOLOGY SUPPORT, MUSEUM, AND SERVICES THAT DIRECTLY ASSIST INSTRUCTIONAL ACTIVITIES.
OTHER PROGRAM SERVICES: ADDITIONAL PROGRAM SERVICES EXPENDITURES AT CLARK ATLANTA UNIVERSITY INCLUDE PUBLIC SERVICE ($ 2,078,328), STUDENT SERVICES ($10,032,052), AND RESEARCH ($ 8,851,176)
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Trustee | Trustee | 5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ellucian Company Lp Technology Managed Services | 6/29/21 | $2,299,671 |
Blueally Technology Solution Digital Services And Solutions | 6/29/21 | $1,041,896 |
C & W Facility Services Housekeeping/maintenance Svcs | 6/29/21 | $4,141,181 |
Sodexo Inc Affiliates Campus Services Food Service Management | 6/29/21 | $2,185,558 |
Holder Construction Group Construction Services | 6/29/21 | $3,563,094 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $76,344 |
| Related organizations | $0 |
| Government grants | $51,813,139 |
| All other contributions, gifts, grants, and similar amounts not included above | $24,954,625 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $76,844,108 |
| Total Program Service Revenue | $94,352,999 |
| Investment income | $2,776,182 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $43,350 |
| Net Gain/Loss on Asset Sales | $1,573,161 |
| Net Income from Fundraising Events | -$15,589 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $177,005,982 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $33,942,923 |
| Grants and other assistance to Foreign Orgs/Individuals | $25,709 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $3,317,572 |
| Compensation of current officers, directors, key employees. | $1,927,296 |
| Compensation to disqualified persons | $139,239 |
| Other salaries and wages | $40,909,682 |
| Pension plan accruals and contributions | $1,587,992 |
| Other employee benefits | $10,218,445 |
| Payroll taxes | $3,048,261 |
| Fees for services: Management | $1,406,413 |
| Fees for services: Legal | $479,974 |
| Fees for services: Accounting | $275,000 |
| Fees for services: Lobbying | $36,000 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $247,842 |
| Fees for services: Other | $11,250,974 |
| Advertising and promotion | $39,622 |
| Office expenses | $2,554,583 |
| Information technology | $4,890,303 |
| Royalties | $0 |
| Occupancy | $3,405,553 |
| Travel | $39,049 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $193,954 |
| Interest | $388,379 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $9,184,796 |
| Insurance | $904,917 |
| All other expenses | $2,635,009 |
| Total functional expenses | $138,181,256 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $51,312,777 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $2,617,763 |
| Accounts receivable, net | $2,505,491 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $4,846,881 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $1,261,088 |
| Net Land, buildings, and equipment | $127,392,953 |
| Investments—publicly traded securities | $106,179,451 |
| Investments—other securities | $8,168,326 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $900,118 |
| Total assets | $305,184,848 |
| Accounts payable and accrued expenses | $8,934,532 |
| Grants payable | $450,216 |
| Deferred revenue | $1,073,651 |
| 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 | $684,053 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $9,472,416 |
| Total liabilities | $20,614,868 |
| Net assets without donor restrictions | $149,355,975 |
| Net assets with donor restrictions | $135,214,005 |
| 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 | $305,184,848 |
Grants Recieved
Over the last fiscal year, we have identified 69 grants that Clark Atlanta University Inc has recieved totaling $12,783,815.
| Awarding Organization | Amount |
|---|---|
United Negro College Fund Inc Washington, DC PURPOSE: GRANTS & SCHOLARSHIPS, TECH ASSIST, AREA OFFICE JOINT CAMPAIGN | $7,873,258 |
Silicon Valley Community Foundation Mountain View, CA PURPOSE: Education | $1,000,000 |
Andrew W Mellon Foundation New York, NY PURPOSE: TO SUPPORT THE DEVELOPMENT OF DIGITAL HUMANITIES INFRASTRUCTURE IN THE CONTEXT OF THE HISTORICALLY BLACK COLLEGES AND UNIVERSITY SECTOR | $578,000 |
Lettie Pate Whitehead Foundation Inc Atlanta, GA PURPOSE: For general scholarship support. | $471,000 |
Hank Aaron Chasing The Dream Foundation Inc Atlanta, GA PURPOSE: FINANCIAL ASSISTANCE | $312,000 |
Ecmc Foundation Minneapolis, MN PURPOSE: College Success | $300,000 |
Endowment Analysis
| Beg. Balance | $74,408,547 |
| Earnings | $18,504,141 |
| Net Contributions | $11,279,928 |
| Other Expense | $851,033 |
| Grants | $905,699 |
| Ending Balance | $102,435,884 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Nova Southeastern University Inc Fort Lauderdale, FL | $1,812,347,063 | $836,787,691 |
Wake Forest University Winstonsalem, NC | $2,570,183,256 | $681,736,258 |
Emory University Decatur, GA | $308,834,835 | $526,678,235 |
Embry-Riddle Aeronautical Daytona Beach, FL | $1,265,271,185 | $616,318,485 |
Savannah College Of Art And Design Inc Savannah, GA | $1,297,162,714 | $587,003,201 |
The Corporation Of Mercer University Macon, GA | $975,470,567 | $444,048,225 |
University Of Tampa Tampa, FL | $995,322,258 | $426,783,303 |
Belmont University Nashville, TN | $1,474,473,117 | $464,356,154 |
Elon University Elon, NC | $1,076,200,947 | $374,224,853 |
Stetson University Inc DeLand, FL | $684,046,890 | $288,494,091 |
Samford University Birmingham, AL | $801,305,714 | $280,325,292 |
Campbell University Inc Buies Creek, NC | $678,742,436 | $263,777,466 |