Tuskegee University
- Assets
- $403.2m
- Revenue
- $145.9m
- Investments
- $11.0m
- Employees
- 1,534
- Location
- Tuskegee Institute, AL
- Founding
- 03/1944
- Data as of
- 06/2020
- EIN
- 63-0288878
Organization Overview
Tuskegee University is located in Tuskegee Institute, AL. The organization was established in 1944. 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, Tuskegee University employed 1,534 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Tuskegee 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, Tuskegee University generated $145.9m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 0.5% each year. All expenses for the organization totaled $139.8m during the year ending 06/2020. While expenses have increased by 0.0% 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 2014, Tuskegee University has awarded 195 individual grants totaling $16,062,764. 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
TO PROVIDE QUALITY POST SECONDARY EDUCATIONAL OPPORTUNITIES AND CONTRIBUTE TO THE BETTERMENT OF SOCIETY THROUGH RESEARCH AND DEVELOPMENT
Describe the Organization's Program Activity:
Part 3 - Line 4a
TUSKEGEE UNIVERSITY PROVIDED EDUCATIONAL SERVICES TO APPROXIMATELY 3,200 STUDENTS DURING THE YEAR ENDED JUNE 30, 2021. THE UNIVERSITY ALSO CONTRIBUTED TO THE BETTERMENT OF SOCIETY THROUGH RESEARCH AND DEVELOPMENT BY PROFESSORS AND OTHER EMPLOYEES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lily D Mcnair President | 40 | $350,000 | |
Phillip Howard Vice President Institutional Advancement | Officer | 40 | $220,000 |
Rueben C Warren Director/professor Of Bioethics | 40 | $203,490 | |
Heshmat A Aglan Dean Of College Of Engineering | 40 | $202,479 | |
Ruby L Perry Vice Provost/dean For Undergraduate Education | Officer | 40 | $189,000 |
Joseph Montgomery Enrollment Mgt | 40 | $180,000 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Thompson Facility Services Llc Legal Services | 6/29/21 | $7,250,562 |
Rx Benefits Insurance | 6/29/21 | $3,028,658 |
Academic Health Plans Medical Insurance | 6/29/21 | $2,913,468 |
Thompson Hospitality Food Services | 6/29/21 | $4,359,710 |
Utilities Board Of The City Of Tuskegee Public Electric Utility | 6/29/21 | $5,537,359 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $55,581,097 |
| Investment income | $1,638,871 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $5,707,888 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $145,868,364 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $18,376,116 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $9,523,712 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $139,782,595 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $11,014,389 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $6,755,741 |
| Accounts receivable, net | $12,749,754 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $488,778 |
| Prepaid expenses and deferred charges | $718,210 |
| Investments—publicly traded securities | $128,705,973 |
| Investments—other securities | $10,984,123 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,939,535 |
| Total assets | $403,219,551 |
| Accounts payable and accrued expenses | $12,851,724 |
| Grants payable | $7,850,371 |
| Deferred revenue | $2,294,846 |
| 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 | $115,271,842 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $138,268,783 |
| 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 | $264,950,768 |
Grants Awarded
Over the last fiscal year, Tuskegee University has awarded $1,304,061 in support to 27 organizations.
| Grant Recipient | Amount |
|---|---|
AUBURN UNIVERSITY | | | $418,957 |
Birmingham, AL | | $111,669 |
UNIVERSITY OF NEBRASKA-LINCOLN | | | $95,990 |
UNIVERSITY OF ALABAMA | | | $85,307 |
Ames, IA | | $75,439 |
CORNELL UNIVERSITY | | | $64,636 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Tuskegee University has recieved totaling $3,000.
| Awarding Organization | Amount |
|---|---|
Gannett Foundations Inc Mclean, VA PURPOSE: CHARITABLE PURPOSE | $3,000 |
Endowment Analysis
| Beg. Balance | $123,415,957 |
| Earnings | $34,970,330 |
| Net Contributions | $1,181,688 |
| Other Expense | $4,580,018 |
| Ending Balance | $154,987,957 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Nova Southeastern University Inc Fort Lauderdale, FL | $1,812,347,063 | $836,787,691 |
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 |
Stetson University Inc DeLand, FL | $684,046,890 | $288,494,091 |
Samford University Birmingham, AL | $801,305,714 | $280,325,292 |
Lipscomb University Nashville, TN | $502,799,879 | $216,257,194 |
Barry University Inc Miami Shores, FL | $233,517,210 | $207,474,088 |
Saint Leo University Inc Saint Leo, FL | $243,651,425 | $167,609,731 |