Oakwood University Inc

Organization Overview

Oakwood University Inc is located in Huntsville, AL. The organization was established in 1947. According to its NTEE Classification (B42) the organization is classified as: Undergraduate Colleges, under the broad grouping of Education and related organizations. As of 06/2021, Oakwood University Inc employed 1,248 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Oakwood 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, Oakwood University Inc generated $64.2m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 0.9% each year. All expenses for the organization totaled $61.5m during the year ending 06/2021. While expenses have increased by 0.9% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

OAKWOOD UNIVERSITY, A HISTORICALLY BLACK SEVENTH-DAY ADVENTIST INSTITUTION OF HIGHER LEARNING, PROVIDES QUALITY CHRISTIAN EDUCATION THAT EMPHASIZES ACADEMIC EXCELLENCE; PROMOTES HARMONIOUS DEVELOPMENT OF MIND, BODY AND SPIRIT; AND PREPARES LEADERS IN SERVICE FOR GOD AND HUMANITY.

Describe the Organization's Program Activity:

Part 3 - Line 4a

TO PROVIDE UNDERGRADUATE DEGREE PROGRAMS IN VARIOUS DISCIPLINES INCLUDING ON CAMPUS TRAINING IN SELECTED FIELDS OF STUDY FOR APPROXIMATELY 1800 STUDENTS


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Thompson Hospitality Service
Food Service
$2,290,217
P & C Construction Inc
Construction
$4,600,907
Lee Builders Inc
Construction
$1,964,737
Dynamic Campus Solutions
Technology
$1,943,750
Huntsville Utilities
Utilities
$1,697,940
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $11,198,878
All other contributions, gifts, grants, and similar amounts not included above$15,180,467
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$26,379,345
Total Program Service Revenue$34,788,157
Investment income $720,940
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income -$25,399
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events -$5,475
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $392,205
Miscellaneous Revenue$0
Total Revenue $64,178,393

Grants Recieved

Over the last fiscal year, we have identified 20 grants that Oakwood University Inc has recieved totaling $4,558,659.

Awarding OrganizationAmount
Adventist Health System Sunbelt Healthcare Corporation

Altamonte Springs, FL

PURPOSE: General Support

$1,580,000
United Negro College Fund Inc

Washington, DC

PURPOSE: GRANTS & SCHOLARSHIPS, AREA OFFICE JOINT CAMPAIGN

$1,394,462
Lilly Endowment Inc

Indianapolis, IN

PURPOSE: PATHWAYS FOR TOMORROW INITIATIVE

$993,759
Winifred Stevens Foundation

Tempe, AZ

PURPOSE: COMM HEALTH ACTION CTR FOOD PANTRY

$107,400
Winifred Stevens Foundation

Tempe, AZ

PURPOSE: GENERAL ENDOWMENT

$100,000
Lettie Pate Whitehead Foundation Inc

Atlanta, GA

PURPOSE: For general scholarship support.

$93,000
View Grant Recipient Profile

Peer Organizations

Organization NameAssets
Eckerd College
St Petersburg, FL
$127,879,721
Palm Beach Atlantic University Inc
West Palm Beach, FL
$119,213,584
Spelman College
Atlanta, GA
$182,970,731
Mississippi College
Clinton, MS
$113,425,007
Ringling College Of Art And Design Inc
Sarasota, FL
$119,229,866
Lee University
Cleveland, TN
$108,753,431
Morehouse College
Atlanta, GA
$206,029,432
Union University
Jackson, TN
$103,290,604
Trevecca Nazarene University
Nashville, TN
$96,180,255
Bethune-Cookman University
Daytona Beach, FL
$117,726,569
Birmingham-Southern College
Birmingham, AL
$42,694,906
Flagler College Inc
St Augustine, FL
$73,291,832

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