Civic Intelligence

Wilberforce University Wilberforce University

990 • Fiscal year 2023 • EIN 31-0604719

Jul 01, 2022 to Jun 30, 2023 • Filed on May 15, 2023

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

77th percentile

0.56x

Higher debt load relative to assets than 77% of similar nonprofits.

2023 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2023

Liabilities / Revenue

79th percentile

1.21x

Higher debt load relative to revenue than 79% of similar nonprofits.

2023 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2023

Net Margin

9th percentile

-32%

Higher net margin than 9% of similar nonprofits.

2023 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2023

Top Officer Pay

47th percentile

$245,000

Higher top officer pay than 47% of similar nonprofits.

Top officer pay equals 2.0% of source-year revenue.

2023 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2023

Asset Growth

9th percentile

-8.0%

Faster asset growth than 9% of similar nonprofits.

2023 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2022 to 2023

Revenue Growth

10th percentile

-34%

Faster revenue growth than 10% of similar nonprofits.

2023 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2022 to 2023

Assets

Down

$26,198,495

Down $2,279,935 (-8.0%) from 2022

Net Assets

Down

$11,405,487

Down $3,907,947 (-26%) from 2022

Liabilities

Up

$14,793,008

Up $1,628,012 (+12%) from 2022

Revenue

Down

$12,211,135

Down $6,298,312 (-34%) from 2022

Expenses

Down

$16,119,083

Down $1,301,871 (-7.5%) from 2022

Net Income

Down

-$3,907,948

Down $4,996,441 (-459%) from 2022

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

2023

Assets$26,198,495
Liabilities$14,793,008
Net Assets$11,405,487

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

2023

Revenue$12,211,135
Expenses$16,119,083
Net Income-$3,907,948
Jump To
Filing Snapshot
Filing Period
Jul 1, 2022 to Jun 30, 2023
Signed
May 15, 2023
Return Version
2022v5.0
Gross Receipts
$12,211,135
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$18,220,733$17,306,275▼ $914,458
Loans From Officers Directors$4,000,000$7,549,371▲ $3,549,371
Investments Other Securities$5,763,865$5,070,686▼ $693,179
Pledges and Grants Receivable$2,289,352$1,843,483▼ $445,869
Savings and Temporary Cash Investments$1,445,828$1,451,362▲ $5,534
Cash and Non-Interest-Bearing Accounts$122,324$293,828▲ $171,504
Accounts Receivable$83,279$14,319▼ $68,960
Total Assets$28,478,428$26,198,495▼ $2,279,933
Other Assets Total$553,047$218,542▼ $334,505
Liabilities
Unsecured Notes Loans Payable$3,042,303$3,042,303→ $0
Accounts Payable and Accrued Expenses$2,068,291$2,168,695▲ $100,404
Other Liabilities$3,844,413$1,066,414▼ $2,777,999
Deferred Revenue$209,986$966,225▲ $756,239
Total Liabilities$13,164,993$14,793,008▲ $1,628,015
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$5,827,487$11,405,487▲ $5,578,000
Net Assets With Donor Restrictions$9,485,948--
Total Net Assets Fund Balance$15,313,435$11,405,487▼ $3,907,948
Total Liabilities and Net Assets / Fund Balance$28,478,428$26,198,495▼ $2,279,933

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$12,515,127$25,778,106-
Other Land Buildings$729,243$81,046-
Land$318,309--
Equipment$3,743,596$11,083,437-
Other Securities$5,070,686--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Dr Elfred Anthony PinkardPresidentFT$245,000$245,000
Mary MoraleCFOFT$135,000$135,000

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$7,922,390
Program Service Revenue
$4,039,073
Investment Income
$249,672
Other Revenue
$0
All Other Contributions
$52,555
Change in Net Assets
$-3,907,948

Audited Revenue Reconciliation

Revenue per Audited Statements
$12,211,135
Total Revenue per Audited Statements
$12,211,135
Total Revenue per Form 990
$12,211,135
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$8,137,576
Salaries, Compensation, and Employee Benefits$7,981,507
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$2,038,045$4,755,439-$6,793,484
Advertising$1,260,941$66,428-$1,327,369
Occupancy$887,570$353,109-$1,240,679
Other Employee Benefits$510,850$677,173-$1,188,023
Depreciation Depletion$1,068,546$105,680-$1,174,226
Interest-$771,867-$771,867
Information Technology$191,218$253,474-$444,692
Insurance$173,610$230,136-$403,746
Fees for Services Accounting$72,381$95,946-$168,327
Office Expenses$121,036--$121,036
Other Expenses$11,858$341,316-$11,858
Total Functional Expenses$7,355,540$8,763,543$0$16,119,083

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$16,119,083
Total Expenses per Audited Statements$16,119,083
Total Expenses per Form 990$16,119,083
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$4,000,000$7,549,371▲ $3,549,371
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
U.s. Dept. Loan Funds Refundable$914,145
Accrued Liabilities$100,067
Deposits Held$52,202
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
No
Business relationship with 35% controlled entity
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
Mary Morale
Title
CFO
Phone
9377085711
Signed
2023-05-15

Organization Details

Principal Officer
Dr Elfred Anthony Pinkard
Formed
1856
Legal Domicile
Oh
Voting Board Members
18
Independent Board Members
18
Employees
226
Volunteers
28

Preparer

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

Form 990, Page 2, Part III, Line 4D

The univesity provides post secondary education to minority students from various parts of the uninted states.

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Document Assets

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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