Civic Intelligence

Oakwood University

EIN 63-0366652 • 501(c)3 • Huntsville, AL

Profile

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.

Refreshing map…

7000 Adventist BlvdHuntsville, AL 35896

www.oakwood.edu

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

53rd percentile

0.29x

Higher debt load relative to assets than 53% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Source year 2024

Liabilities / Revenue

52nd percentile

0.44x

Higher debt load relative to revenue than 52% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Source year 2024

Net Margin

20th percentile

-5.1%

Higher net margin than 20% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Source year 2024

Top Officer Pay

8th percentile

$162,147

Higher top officer pay than 8% of similar nonprofits.

Top officer pay equals 0.2% of source-year revenue.

501(c)3 • $100M-$250M nonprofits • Source year 2024

Asset Growth

12th percentile

-4.3%

Faster asset growth than 12% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Annualized from 2023 to 2024

Revenue Growth

46th percentile

6.7%

Faster revenue growth than 46% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets53rd percentile

Assets

Down

$106,681,089

Down $4,765,830 (-4.3%) from 2023

Liabilities

Down

$31,395,921

Down $2,902,211 (-8.5%) from 2023

Net Assets

Down

$75,285,168

Down $1,863,619 (-2.4%) from 2023

Operations
Liabilities / Revenue52nd percentileNet Margin20th percentile

Revenue

Up

$71,851,223

Up $4,510,478 (+6.7%) from 2023

Expenses

Down

$75,491,477

Down $1,522,251 (-2.0%) from 2023

Net Income

Up

-$3,640,254

Up $6,032,729 (+62%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth12th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$150M$100M$50M$0Assets 2010: $67,131,741Liabilities 2010: $14,300,092Net Assets 2010: $52,831,6492010Assets 2011: $71,057,268Liabilities 2011: $14,214,281Net Assets 2011: $56,842,9872011Assets 2012: $75,005,830Liabilities 2012: $14,784,140Net Assets 2012: $60,221,6902012Assets 2013: $79,743,761Liabilities 2013: $13,893,236Net Assets 2013: $65,850,5252013Assets 2014: $90,161,674Liabilities 2014: $20,654,626Net Assets 2014: $69,507,0482014Assets 2015: $93,725,737Liabilities 2015: $18,889,069Net Assets 2015: $74,836,6682015Assets 2016: $93,924,759Liabilities 2016: $17,749,201Net Assets 2016: $76,175,5582016Assets 2017: $97,726,924Liabilities 2017: $17,085,268Net Assets 2017: $80,641,6562017Assets 2018: $99,736,770Liabilities 2018: $16,516,728Net Assets 2018: $83,220,0422018Assets 2019: $101,474,881Liabilities 2019: $16,741,379Net Assets 2019: $84,733,5022019Assets 2020: $104,408,271Liabilities 2020: $19,154,713Net Assets 2020: $85,253,5582020Assets 2021: $115,223,075Liabilities 2021: $21,667,855Net Assets 2021: $93,555,2202021Assets 2022: $120,064,681Liabilities 2022: $35,427,627Net Assets 2022: $84,637,0542022Assets 2023: $111,446,919Liabilities 2023: $34,298,132Net Assets 2023: $77,148,7872023Assets 2024: $106,681,089Liabilities 2024: $31,395,921Net Assets 2024: $75,285,1682024

Highlighted filing

2024

Assets$106,681,089
Liabilities$31,395,921
Net Assets$75,285,168
Open 2024 Filing

Operations Trend

Revenue Growth46th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$100M$50M$0-$50MExpenses 2010: $52,621,7972010Expenses 2011: $53,441,9522011Expenses 2012: $54,895,3232012Expenses 2013: $54,014,5722013Revenue 2014: $60,568,302Expenses 2014: $58,243,489Net Income 2014: $2,324,8132014Revenue 2015: $64,335,232Expenses 2015: $59,059,088Net Income 2015: $5,276,1442015Revenue 2016: $60,732,332Expenses 2016: $58,396,037Net Income 2016: $2,336,2952016Revenue 2017: $60,605,674Expenses 2017: $57,971,822Net Income 2017: $2,633,8522017Revenue 2018: $62,425,532Expenses 2018: $60,681,506Net Income 2018: $1,744,0262018Revenue 2019: $63,581,649Expenses 2019: $62,216,416Net Income 2019: $1,365,2332019Revenue 2020: $65,439,596Expenses 2020: $64,752,168Net Income 2020: $687,4282020Revenue 2021: $64,178,393Expenses 2021: $61,467,355Net Income 2021: $2,711,0382021Revenue 2022: $68,745,212Expenses 2022: $72,386,999Net Income 2022: -$3,641,7872022Revenue 2023: $67,340,745Expenses 2023: $77,013,728Net Income 2023: -$9,672,9832023Revenue 2024: $71,851,223Expenses 2024: $75,491,477Net Income 2024: -$3,640,2542024

Highlighted filing

2024

Revenue$71,851,223
Expenses$75,491,477
Net Income-$3,640,254
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$106,681,089
Liabilities
$31,395,921
Net assets
$75,285,168
Revenue
$71,851,223
Expenses
$75,491,477
Net income
-$3,640,254
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$107$31.4$75.3$71.9$75.5$3.64
2023Summary only. Only limited summary data is available for this year.$111$34.3$77.1$67.3$77.0$9.67
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$120$35.4$84.6$68.7$72.4$3.64
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$115$21.7$93.6$64.2$61.5$2.71
2020Summary only. Only limited summary data is available for this year.$104$19.2$85.3$65.4$64.8$0.69
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$101$16.7$84.7$63.6$62.2$1.37
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$99.7$16.5$83.2$62.4$60.7$1.74
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$97.7$17.1$80.6$60.6$58.0$2.63
2016Detailed filing. Detailed filing data is available for this year.$93.9$17.7$76.2$60.7$58.4$2.34
2015Detailed filing. Detailed filing data is available for this year.$93.7$18.9$74.8$64.3$59.1$5.28
2014Detailed filing. Detailed filing data is available for this year.$90.2$20.7$69.5$60.6$58.2$2.32
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$79.7$13.9$65.9$54.0
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$75.0$14.8$60.2$54.9
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$71.1$14.2$56.8$53.4
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$67.1$14.3$52.8$52.6
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
May 15, 2025
Return Version
2023v6.0
Gross Receipts
$77,074,507
Mission and Program Overview

Mission

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.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$52,553,184$49,080,328▼ $3,472,856
Accounts Receivable$22,130,560$21,181,385▼ $949,175
Investments Other Securities$17,976,869$16,234,911▼ $1,741,958
Other Notes and Loans Receivable, Net$11,769,685$11,769,547▼ $138
Savings and Temporary Cash Investments$5,632,338$7,049,467▲ $1,417,129
Pledges and Grants Receivable$754,756$674,203▼ $80,553
Investments in Publicly Traded Securities$227,858$267,046▲ $39,188
Prepaid Expenses and Deferred Charges$117,029$140,702▲ $23,673
Total Assets$111,446,919$106,681,089▼ $4,765,830
Other Assets Total$284,640$283,500▼ $1,140
Liabilities
Accounts Payable and Accrued Expenses$20,424,814$19,081,325▼ $1,343,489
Tax Exempt Bond Liabilities$13,873,318$12,314,596▼ $1,558,722
Total Liabilities$34,298,132$31,395,921▼ $2,902,211
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$46,445,507$41,464,724▼ $4,980,783
Net Assets With Donor Restrictions$30,703,280$33,820,444▲ $3,117,164
Total Net Assets Fund Balance$77,148,787$75,285,168▼ $1,863,619
Total Liabilities and Net Assets / Fund Balance$111,446,919$106,681,089▼ $4,765,830

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$40,596,879$48,576,581$89,173,460
Equipment$7,507,488$36,249,827$43,757,315
Land$898,693-$898,693
Other Land Buildings$77,268$765,563$842,831
Other Securities$105,732--
Compensation and Service Providers
Top Officer Pay8th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Leslie N PollardPresidentFT$162,147$162,147
Prudence Labeach PollardVP Faculty DevelopmentFT$144,952$144,952
Darayas N PatelProfessorFT$114,327$114,327
Elaine a VanterpoolDepartment ChairFT$110,420$110,420
James MbyirukiraProvostFT$104,180$104,180
Alexandre VolkovProfessorFT$101,786$101,786
Karen Benn MarshallVPFT$97,535$97,535
David RichardsonVPFT$96,180$96,180
Gail CaldwellInterim VPFT$79,569$79,569
Sabrina Cotton-desouzaVPFT$52,782$52,782

Board Members and Trustees

NameTitle
G Alexander BryantChairman
Koyshin AhnVice Chair
Ralph ReidVice Chair
Roger BernardVice Chair
Ron C SmithVice Chair
Abraham JulesMember
Ava Barksdale-willisMember
Benjamin JonesMember
Benson PriggMember
Brad NewtonMember
Calvin B Rock EmeritusMember
Calvin PrestonMember
Calvin WatkinsMember
Carlos CraigMember
Carlton ByrdMember
Carmela Monk CrawfordMember
David FreedmanMember
David R WilliamsMember
Dennis PlubellMember
Ed ZinkeMember
Eldeen KingMember
Garth GabrielMember
Gary ThurberMember
Jim DavidsonMember
John FreedmanMember
Jorge BartholomewMember
Judy GlassMember
Kenneth DenslowMember
Kenneth MandersMember
Laura DavisMember
Linda SealMember
Lois Peters EmeritusMember
Marcellus RobinsonMember
Marvin BrownMember
Meki BrackenMember
Michael OwusuMember
Nyasha Smith-ruddockMember
Paul LlewellynMember
Robert EdwardsMember
Robert NorwoodMember
Sergio RomeroMember
Shawn Hervey-jumperMember
Stephen FosterMember
Stephen GrayMember
Terry ShawMember
Trevor KinlockMember
Virgil ChildsMember
William HicksMember
Witford ReidMember
Zavon KanionMember

Highest Paid Contractors

ContractorServicesLocationCompensation
P & C Construction INCConstruction1037 W MAIN STREET, Chattanooga, TN 37402$3,701,383
Sodexo LLCFood Service1410 BEN GRAVES DRIVE, Huntsville, AL 35816$3,317,595
Ellucian Company LLCTechnology2003 EDMUND HLLEY DR STE 500, Reston, VA 20191$2,395,076
Huntsville UtilitiesUtilities112 SPRAGINS AVENUE, Huntsville, AL 35801$1,988,899
Barnes & Noble College BooksellersBookstorePO BOX 713660, Philadelphia, PA 19171$1,294,144
Revenue and Support

Revenue Composition

Contributions and Grants
$24,920,988
Program Service Revenue
$39,340,856
Investment Income
$4,921,488
Other Revenue
$2,667,891
All Other Contributions
$17,587,499
Change in Net Assets
$-3,640,254

Audited Revenue Reconciliation

Revenue per Audited Statements
$72,350,819
Revenue Not Reported on Financial Statements
$-499,596
Revenue Not Reported on Form 990
$-8,797,700
Other Revenue Adjustments
$-499,596
Total Revenue per Audited Statements
$63,553,119
Total Revenue per Form 990
$71,851,223
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$30,935,220
Salaries, Compensation, and Employee Benefits$26,752,281
Grants and Similar Amounts Paid$17,803,976
Total Fundraising Expense$933,628
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$11,738,658$6,252,748$284,185$18,275,591
Grants to Domestic Individuals$17,803,976--$17,803,976
Other Employee Benefits$5,032,230$2,586,546$120,569$7,739,345
Depreciation Depletion$4,964,288--$4,964,288
Fees for Services Other$303,736$4,039,896$199,497$4,543,129
Occupancy$1,625,691$2,801,936$15,996$4,443,623
All Other Expenses$1,120,782$2,124,622$102,404$3,347,808
Insurance-$2,131,789$40,618$2,172,407
Travel$497,310$601,423$30,947$1,129,680
Other Expenses$415,382$569,888$29,994$1,015,264
Current Officers, Directors, Trustees, and Key Employees$737,345--$737,345
Interest-$624,347$436$624,783
Fees for Services Legal-$534,713$28,143$562,856
Information Technology$32,709$175,543$9,179$217,431
Advertising$27,466$141,663$7,456$176,585
Fees for Services Accounting-$44,739$2,355$47,094
Royalties$35,733--$35,733
Total Functional Expenses$50,913,205$23,644,644$933,628$75,491,477

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$75,491,477
Total Expenses per Audited Statements$65,416,738
Expenses per Audited Statements$64,917,142
Expenses Not Reported on Financial Statements$10,574,335
Other Expense Adjustments$10,574,335
Expenses Not Reported on Form 990$499,596
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$602,084
Fundraising Direct Expenses$58,415
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Uncf Campaign & Gala$602,084$602,084$58,415$543,669
Total Events$602,084$602,084$58,415$543,669
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Bond Issues

BondIssuerIssuedIssue PricePurpose
BCity of Huntsville2013-06-01$6,200,000Proceeds used to fund the renovation of carter hall
ACity of Huntsville2017-12-01$4,050,000Proceeds used to refinance outstanding principal balance 2010 bond issuance

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
B$6,200,000---
A$4,050,000---

Bond Financing Compliance

No rebate due
No
Rebate not yet due
No
Form 8038-T filed
No
Gross proceeds invested
No
Gross proceeds invested in GIC
No
Exception to rebate
No
Corrective action procedures
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
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
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 2

“Leslie pollard and prudence labeach pollard are married.”

Form 990, Part VI, Section A, Line 7A

“The members of the corporation shall elect a nominating committee, who will in turn nominate persons to serve as the board of trustees of the corporation.”

Form 990, Part VI, Section B, Line 11B

“The form 990 was reviewed by the board for completeness and accuracy prior to the filing of the return.”

Form 990, Part VI, Section B, Line 12C

“The conflict of interest policy is sent out to officers, trustees and key employees annually with signature required to ensure compliance with the policy.”

Form 990, Part VI, Section B, Line 15

“Compensation packages are based on policies accepted by the north american division”

Form 990, Part VI, Section C, Line 19

“All documents are available for public inspection at the organization's office in care of gail caldwell.”

Filing and Contact Details

Filer

Filer Name
Oakwood University
EIN
63-0366652
Phone
2567267024
Address
7000 ADVENTIST BLVD, HUNTSVILLE, AL 35896

Signing Officer

Name
Gail Caldwell
Title
Controller
Phone
2567267024
Signed
2025-05-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Gail Caldwell
Formed
1896
Legal Domicile
Al
Voting Board Members
35
Independent Board Members
35
Employees
1,325
Volunteers
0

Preparer

Firm
Dipiazza Larocca Heeter & Co LLC
Address
P O BOX 530095, BIRMINGHAM, AL 35253-0095
Preparer
Monty S Waites CPA
Phone
2058719973
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

“The university has implemented the accounting requirements associated with uncertainty in income taxes using the provisions of financial accounting standards board (fasb) asc 740, income taxes. As of june 30, 2024, the university had no uncertain tax positions that qualify for either recognition or disclosure in the consolidated financial statements. Previous open tax years may be subject to examination by taxing authorities.”

PART XI, LINE 2D - OTHER ADJUSTMENTS:

“Institutional awards -10,574,335.”

PART XI, LINE 4B - OTHER ADJUSTMENTS:

“Rental expenses -253,680. Cost of goods sold -187,501. Fundraising expenses -58,415.”

PART XII, LINE 2D - OTHER ADJUSTMENTS:

“Rental expenses 253,680. Cost of goods sold 187,501. Fundraising expenses 58,415.”

PART XII, LINE 4B - OTHER ADJUSTMENTS:

“Institutional awards 10,574,335.”

Raw XML AppendixShowing 400 of 1,124 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
IRS990/AccountantCompileOrReviewInd00
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt020424814
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt019081325
IRS990/AccountsReceivableGrp/BOYAmt022130560
IRS990/AccountsReceivableGrp/EOYAmt021181385
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0OAKWOOD 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.
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IRS990/AllOtherExpensesGrp/TotalAmt03347808
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IRS990/AuditCommitteeInd01
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IRS990/BooksInCareOfDetail/PhoneNum02567267017
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt07000 ADVENTIST BLVD
IRS990/BooksInCareOfDetail/USAddress/CityNm0HUNTSVILLE
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