Civic Intelligence

Wilberforce University Wilberforce University

990 • Fiscal year 2018 • EIN 31-0604719

Jul 01, 2017 to Jun 30, 2018 • Filed on Dec 17, 2019

1055 N Bickett Road PO Box 1001Wilberforce, OH 45384

(317) 714-3519

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

98th percentile

1.40x

Higher debt load relative to assets than 98% of similar nonprofits.

2018 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2018

Liabilities / Revenue

91st percentile

3.39x

Higher debt load relative to revenue than 91% of similar nonprofits.

2018 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2018

Net Margin

9th percentile

-20%

Higher net margin than 9% of similar nonprofits.

2018 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2018

Top Officer Pay

35th percentile

$195,418

Higher top officer pay than 35% of similar nonprofits.

Top officer pay equals 1.6% of source-year revenue.

2018 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2018

Asset Growth

18th percentile

-4.7%

Faster asset growth than 18% of similar nonprofits.

2018 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2017 to 2018

Revenue Growth

14th percentile

-13%

Faster revenue growth than 14% of similar nonprofits.

2018 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2017 to 2018

Assets

Down

$30,066,434

Down $1,490,696 (-4.7%) from 2017

Net Assets

Down

-$11,925,337

Down $2,453,140 (-26%) from 2017

Liabilities

Up

$41,991,771

Up $962,444 (+2.3%) from 2017

Revenue

Down

$12,404,748

Down $1,849,189 (-13%) from 2017

Expenses

Down

$14,857,887

Down $3,707,422 (-20%) from 2017

Net Income

Up

-$2,453,139

Up $1,858,233 (+43%) from 2017

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$60M$40M$20M$0-$20MAssets 2010: $35,889,781Liabilities 2010: $29,925,184Net Assets 2010: $5,964,5972010Assets 2011: $34,998,823Liabilities 2011: $29,479,657Net Assets 2011: $5,519,1662011Assets 2012: $32,214,521Liabilities 2012: $28,648,939Net Assets 2012: $3,565,5822012Assets 2013: $30,399,767Liabilities 2013: $27,171,842Net Assets 2013: $3,227,9252013Assets 2015: $35,814,557Liabilities 2015: $31,900,616Net Assets 2015: $3,913,9412015Assets 2016: $33,896,519Liabilities 2016: $38,752,772Net Assets 2016: -$4,856,2532016Assets 2017: $31,557,130Liabilities 2017: $41,029,327Net Assets 2017: -$9,472,1972017Assets 2018: $30,066,434Liabilities 2018: $41,991,771Net Assets 2018: -$11,925,3372018Assets 2019: $30,886,790Liabilities 2019: $43,303,926Net Assets 2019: -$12,417,1362019Assets 2020: $28,513,096Liabilities 2020: $39,510,240Net Assets 2020: -$10,997,1442020Assets 2021: $28,180,485Liabilities 2021: $13,955,544Net Assets 2021: $14,224,9412021Assets 2022: $28,478,430Liabilities 2022: $13,164,996Net Assets 2022: $15,313,4342022Assets 2023: $26,198,495Liabilities 2023: $14,793,008Net Assets 2023: $11,405,4872023Assets 2024: $30,279,556Liabilities 2024: $17,817,082Net Assets 2024: $12,462,4742024

Highlighted filing

2018

Assets$30,066,434
Liabilities$41,991,771
Net Assets-$11,925,337

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$60M$40M$20M$0-$20MExpenses 2010: $16,807,4662010Expenses 2011: $16,336,9442011Expenses 2012: $15,942,0952012Expenses 2013: $13,946,4612013Revenue 2015: $19,275,530Expenses 2015: $17,165,480Net Income 2015: $2,110,0502015Revenue 2016: $15,480,455Expenses 2016: $21,285,296Net Income 2016: -$5,804,8412016Revenue 2017: $14,253,937Expenses 2017: $18,565,309Net Income 2017: -$4,311,3722017Revenue 2018: $12,404,748Expenses 2018: $14,857,887Net Income 2018: -$2,453,1392018Revenue 2019: $16,891,243Expenses 2019: $17,383,042Net Income 2019: -$491,7992019Revenue 2020: $16,993,076Expenses 2020: $15,573,084Net Income 2020: $1,419,9922020Revenue 2021: $40,652,171Expenses 2021: $14,780,195Net Income 2021: $25,871,9762021Revenue 2022: $18,509,447Expenses 2022: $17,420,954Net Income 2022: $1,088,4932022Revenue 2023: $12,211,135Expenses 2023: $16,119,083Net Income 2023: -$3,907,9482023Revenue 2024: $21,272,123Expenses 2024: $20,215,137Net Income 2024: $1,056,9862024

Highlighted filing

2018

Revenue$12,404,748
Expenses$14,857,887
Net Income-$2,453,139
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
Dec 17, 2019
Return Version
2017v2.3
Gross Receipts
$12,404,748
Mission and Program Overview

Mission

Wilberforce university is a historically black college and university and the primary mission is to engage, support, and assist students in identifying and preparing for their respective purposes in life as social change agents, social justice activists, entrepreneurs, thought-leaders and global citizens by imparting knowledge through rigorous intellectual inquiry and critical thinking. The mission is most effectively accomplished by instilling pride, discipline and inspiring life-long learning, personal and spiritual development and the practical application of the knowledge obtained, and the skills developed.

Wilberforce university's mission is to help students prepare for life's challeges and to provide them with a sound educational foundation. Imparting knowldege, instilling discipline, and inspiring lifelong learning through critical inquiry, personal development.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$18,846,068$17,807,597▼ $1,038,471
Investments Other Securities$5,847,171$5,738,213▼ $108,958
Pledges and Grants Receivable$4,296,809$3,722,474▼ $574,335
Savings and Temporary Cash Investments$688,046$877,909▲ $189,863
Accounts Receivable$235,623$685,606▲ $449,983
Other Notes and Loans Receivable, Net$853,575$652,801▼ $200,774
Prepaid Expenses and Deferred Charges$434,031$411,187▼ $22,844
Cash and Non-Interest-Bearing Accounts$287,521$61,318▼ $226,203
Total Assets$31,557,130$30,066,434▼ $1,490,696
Other Assets Total$68,286$109,329▲ $41,043
Liabilities
Mortgage Notes Payable Secured by Investment Property$23,687,641$24,108,155▲ $420,514
Unsecured Notes Loans Payable$8,435,657$8,333,760▼ $101,897
Accounts Payable and Accrued Expenses$7,426,640$7,279,088▼ $147,552
Deferred Revenue$528,443$1,244,174▲ $715,731
Other Liabilities$950,946$1,026,594▲ $75,648
Total Liabilities$41,029,327$41,991,771▲ $962,444
Net Assets / Fund Balance
Temporarily Rstr Net Assets$7,534,231$7,201,324▼ $332,907
Permanently Rstr Net Assets$2,000,035$2,208,995▲ $208,960
Unrestricted Net Assets$-19,006,463$-21,335,656▼ $2,329,193
Total Net Assets Fund Balance$-9,472,197$-11,925,337▼ $2,453,140
Total Liabilities and Net Assets / Fund Balance$31,557,130$30,066,434▼ $1,490,696

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$13,980,233$21,590,804-
Other Land Buildings$728,620$56,829-
Land$318,309--
Equipment$2,780,435$9,749,021-
Other Securities$5,738,213--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2017$8,372,430$129,436▼ $273,503$87,050$8,141,313
2016$9,690,315$21,238▲ $196,722$1,541,543$8,372,430
2015$12,091,102$321,401▲ $23,585$2,398,440$12,023,428
2014$10,936,534$118,552▲ $935,277-$10,936,534
2013$10,450,906-▲ $560,770-$10,450,906
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Herman J FeltonFormer PresiFT$195,418$195,418
Herman J FeltonFormer President-$195,418$195,418
Dr Elfred Anthony PinkardPresidentFT$147,500$147,500
William WoodsonCFOFT$113,083$113,083

Board Members and Trustees

Highest Paid Contractors

ContractorServicesLocationCompensation
Aladdin Food Management ServicesFood Service16567 COLLECTIONS CENTER DRIVE, SUITE 190, Chicago, IL 60693$420,383
Bank Direct Capital FinanceFinancing150 NORTH FIELD DRIVE, SUITE 100, Lake Forest, IL 60045$410,062
Medical Mutual Of OhioInsurance300 EAST BUSINESS WAY, Cincinnati, OH 45241$398,656
Id Facility Resource GroupFacility Mgt513 WINDSOR PARK DRIVE, Dayton, OH 45459$247,015
United HealthcareHealthcare Svcs9200 WORTHINGTON RD, Westerville, OH 43082$202,949
Revenue and Support

Revenue Composition

Contributions and Grants
$4,432,718
Program Service Revenue
$8,092,110
Investment Income
$-120,137
Other Revenue
$57
All Other Contributions
$2,835,907
Change in Net Assets
$-2,453,139

Audited Revenue Reconciliation

Revenue per Audited Statements
$12,404,748
Total Revenue per Audited Statements
$12,404,748
Total Revenue per Form 990
$12,404,748
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$7,513,298
Other Expenses$7,344,589
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$4,292,241$2,164,497-$6,456,738
Depreciation Depletion$328,850$915,803-$1,244,653
Insurance$501,374$186,988-$688,362
Other Employee Benefits$177,325$469,462-$646,787
Office Expenses$147,375$412,588-$559,963
Other Expenses$43,608$495,426-$539,034
Payroll Taxes$285,710$124,063-$409,773
Fees for Services Other$175,223$152,670-$327,893
Occupancy$2,387$283,223-$285,610
Advertising$267,653$15,103-$282,756
Travel$146,224$130,984-$277,208
Interest$24,965$242,349-$267,314
Information Technology$70,602$85,126-$155,728
Fees for Services Legal$2,566$132,877-$135,443
Fees for Services Accounting-$98,529-$98,529
Conferences and Meetings$46,462$42,939-$89,401
Total Functional Expenses$6,772,187$8,085,700$0$14,857,887

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$14,857,887
Total Expenses per Audited Statements$14,857,887
Total Expenses per Form 990$14,857,887
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
U.s. Dept. Loan Funds Refundable$979,289
Deposits Held$47,305
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

The university's process to review the form 990 includes the board of trustees and management reviewing a coopyof the form 990 prior to filing with the taxing authorities. All activity is reconciled to the university's records and financial information reported during the fiscal year.

Form 990, Page 6, Part VI, Line 12C

The board of trustess has adopted rules for compliance with its conflict of interest policy. The oversight of the policy includes traning and written documents to be signed by each employee and board of trustee member. Forms are reviewed annually by an assigned committee of the management and the bord of trustees.

Form 990, Page 6, Part VI, Line 15A

The board of trustees use compensation surveys, studies and bench marking with similar organizations to determine the salaries of the top management officials. The board also consults with independent consultants on industry standards regarding compensation plans. The entire board reviews and approves the president's employment agreement, compensation and benefit documents, responsibilities and performance measures.

Form 990, Page 6, Part VI, Line 15B

The board of trustees use compensation surveys, studies and bench marking with similar organizations to determine the salaries of key employees. The board also consults with independent consultants on industry standards regarding compensation plans. The entire board reviews and approves the president's employment agreement, other key employee agreements, the compensation and benefit documents, responsibilities and performance measures.

Form 990, Page 6, Part VI, Line 19

The board of trustees and management make the oganizations documents avaliable to the public upon request and allow a reasonable amount of time for those requesting such documents in writing.

Filing and Contact Details

Filer

Filer Name
Wilberforce University
EIN
31-0604719
Phone
3177143519
Address
1055 N BICKETT ROAD PO BOX 1001, WILBERFORCE, OH 45384

Signing Officer

Name
William Woodson
Title
CFO
Phone
9377085711
Signed
2019-12-17

Organization Details

Principal Officer
Dr Elfred Anthony Pinkard
Formed
1856
Legal Domicile
Oh
Voting Board Members
20
Independent Board Members
20
Employees
198
Volunteers
108

Preparer

Firm
CLAUSELL & ASSOCIATES CPA'S PC
Address
4260 CLAUSELL CT STE 200, DECATUR, GA 30035
Preparer
James Clausell
Phone
4042888117
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

Wilberforce university is a historically black college and university and the primary mission is to engage, support, and assist students in identifying and preparing for their respective purposes in life as social change agents, social justice activists, entrepreneurs, thought-leaders and global citizens by imparting knowledge through rigorous intellectual inquiry and critical thinking. The mission is most effectively accomplished by instilling pride, discipline and inspiring life-long learning, personal and spiritual development and the practical application of the knowledge obtained, and the skills developed.

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IRS990/ProgramServiceRevenueGrp/Desc0TUITION AND FEES

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$30.3$17.8$12.5$21.3$20.2$1.06
2023Detailed filing. Detailed filing data is available for this year.$26.2$14.8$11.4$12.2$16.1$3.91
2022Detailed filing. Detailed filing data is available for this year.$28.5$13.2$15.3$18.5$17.4$1.09
2021Detailed filing. Detailed filing data is available for this year.$28.2$14.0$14.2$40.7$14.8$25.9
2020Detailed filing. Detailed filing data is available for this year.$28.5$39.5$11.0$17.0$15.6$1.42
2019Detailed filing. Detailed filing data is available for this year.$30.9$43.3$12.4$16.9$17.4$0.49
2018Detailed filing. Detailed filing data is available for this year.$30.1$42.0$11.9$12.4$14.9$2.45
2017Detailed filing. Detailed filing data is available for this year.$31.6$41.0$9.47$14.3$18.6$4.31
2016Detailed filing. Detailed filing data is available for this year.$33.9$38.8$4.86$15.5$21.3$5.80
2015Detailed filing. Detailed filing data is available for this year.$35.8$31.9$3.91$19.3$17.2$2.11
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$30.4$27.2$3.23$13.9
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$32.2$28.6$3.57$15.9
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$35.0$29.5$5.52$16.3
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$35.9$29.9$5.96$16.8