Clark Atlanta University Inc
- Assets
- $327.6m
- Revenue
- $214.3m
- Investments
- $8.6m
- Employees
- 1,244
- Location
- Atlanta, GA
- Founding
- 08/1989
- Data as of
- 06/2022
- 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 06/2022, Clark Atlanta University Inc employed 1,244 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 06/2022, Clark Atlanta University Inc generated $214.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.6% each year. All expenses for the organization totaled $173.5m during the year ending 06/2022. While expenses have increased by 6.1% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
CLARK ATLANTA UNIVERSITY IS A DOCTORAL RESEARCH UNIVERSITY THAT OFFERS UNDERGRADUATE, GRADUATE AND PROFESSIONAL DEGREE PROGRAMS AS WELL AS NON-DEGREE CERTIFICATE PROGRAMS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
INSTRUCTION: CLARK ATLANTA UNIVERSITY (CAU), FORMED IN 1988 AS A RESULT OF THE CONSOLIDATION OF TWO INDEPENDENT HISTORICALLY BLACK INSTITUTIONS - ATLANTA UNIVERSITY (1865) AND CLARK COLLEGE (1869), IS A UNITED METHODIST CHURCH RELATED, PRIVATE, COEDUCATIONAL, RESIDENTIAL, AND COMPREHENSIVE URBAN INSTITUTION. THE UNIVERSITY AWARDS BACHELORS, MASTERS, SPECIALIST AND DOCTORAL DEGREES.
OTHER PROGRAM SERVICES: ADDITIONAL PROGRAM SERVICES EXPENDITURES AT CLARK ATLANTA UNIVERSITY INCLUDE PUBLIC SERVICE ($ 2,727,756), ACADEMIC SUPPORT ($10,061,235), AND RESEARCH ($ 9,763,322)
AUXILIARY ENTERPRISES: AS A RESIDENTIAL INSTITUTION, CLARK ATLANTA UNIVERSITY PROVIDED ON-CAMPUS HOUSING FOR APPROXIMATELY 503 OF ITS 4,731 STUDENTS. THE UNIVERSITY ALSO PROVIDES DINING SERVICES TO STUDENTS IN THE RESIDENTIAL HALLS, FACULTY, STAFF AND OTHER EXTERNAL PARTIES.
STUDENT SERVICES: LEAVERAGING ITS DISTINCTIVE HISTORY, CLARK ATLANTA UNIVERSITY IS AN URBAN RESEARCH UNIVERSITY THAT TRANSFORMS THE LIVES OF STUDENTS AND THEIR COMMUNITIES BY PREPARING CITIZEN LEADERS TO BE PROBLEM-SOLVERS, THROUGH INNOVATIVE LEARNING PROGRAMS, SUPPORTIVE INTERACTIONS WITH FACULTY, STAFF, AND STUDENTS, EXEMPLARY SCHOLARSHIP, AND PURPOSEFUL SERVICE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed President | OfficerTrustee | 40 | $592,487 |
Name Not Listed Chair | OfficerTrustee | 5 | $0 |
Name Not Listed Vice Chair | OfficerTrustee | 5 | $0 |
Name Not Listed Secretary | OfficerTrustee | 5 | $0 |
Name Not Listed Trustee | Trustee | 5 | $0 |
Name Not Listed Trustee | Trustee | 5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Holder Construction Group Construction Services | 6/29/22 | $8,385,334 |
Ellucian Company Lp Technology Managed Services | 6/29/22 | $2,157,132 |
C & W Facility Services Housekeeping/maintenance Svcs | 6/29/22 | $6,003,839 |
Sodexo Inc Affiliates Campus Services Food Service Management | 6/29/22 | $5,198,112 |
J&g Consulting Services Llc Consulting Services | 6/29/22 | $4,893,911 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $279,623 |
| Related organizations | $0 |
| Government grants | $70,691,806 |
| All other contributions, gifts, grants, and similar amounts not included above | $17,232,261 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $88,203,690 |
| Total Program Service Revenue | $118,136,223 |
| Investment income | $2,759,973 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $66,128 |
| Net Gain/Loss on Asset Sales | $2,086,694 |
| Net Income from Fundraising Events | -$70,874 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $214,263,392 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $46,407,996 |
| Grants and other assistance to Foreign Orgs/Individuals | $176,486 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $3,865,573 |
| Compensation of current officers, directors, key employees. | $2,245,329 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $45,254,520 |
| Pension plan accruals and contributions | $1,711,225 |
| Other employee benefits | $8,624,222 |
| Payroll taxes | $3,322,963 |
| Fees for services: Management | $6,725,529 |
| Fees for services: Legal | $810,427 |
| Fees for services: Accounting | $500,040 |
| Fees for services: Lobbying | $52,000 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $311,621 |
| Fees for services: Other | $14,715,432 |
| Advertising and promotion | $54,358 |
| Office expenses | $3,033,659 |
| Information technology | $2,597,616 |
| Royalties | $0 |
| Occupancy | $4,600,225 |
| Travel | $1,259,056 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $322,350 |
| Interest | $152,744 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $9,213,864 |
| Insurance | $1,018,158 |
| All other expenses | $3,595,968 |
| Total functional expenses | $173,495,763 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $78,850,173 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $4,317,593 |
| Accounts receivable, net | $2,923,707 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $3,623,972 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $2,247,800 |
| Net Land, buildings, and equipment | $133,817,199 |
| Investments—publicly traded securities | $92,370,243 |
| Investments—other securities | $8,575,416 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $887,244 |
| Total assets | $327,613,347 |
| Accounts payable and accrued expenses | $10,242,982 |
| Grants payable | $708,825 |
| Deferred revenue | $963,414 |
| 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 | $496,341 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $7,391,478 |
| Total liabilities | $19,803,040 |
| Net assets without donor restrictions | $175,528,922 |
| Net assets with donor restrictions | $132,281,385 |
| 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 | $327,613,347 |