Civic Intelligence

Hbcu Collaborative Network

EIN 87-4054921 • 501(c)3 • Charlotte, NC

990-N CoverageNTEE P20

Profile

Provide a space for professionals

10130 Mallard Creek Road Suite 200Charlotte, NC 28262
Siviq Scores

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

Liabilities / Assets

86th percentile

0.39x

Higher debt load relative to assets than 86% of similar nonprofits.

NTEE P20 • <$500k nonprofits • Source year 2024

Liabilities / Revenue

85th percentile

0.11x

Higher debt load relative to revenue than 85% of similar nonprofits.

NTEE P20 • <$500k nonprofits • Source year 2024

Net Margin

68th percentile

23%

Higher net margin than 68% of similar nonprofits.

NTEE P20 • <$500k nonprofits • Source year 2024

Top Officer Pay

84th percentile

$0

Higher top officer pay than 84% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

NTEE P20 • <$500k nonprofits • Source year 2024

Asset Growth

97th percentile

921%

Faster asset growth than 97% of similar nonprofits.

NTEE P20 • <$500k nonprofits • Annualized from 2023 to 2024

Revenue Growth

87th percentile

107%

Faster revenue growth than 87% of similar nonprofits.

NTEE P20 • <$500k nonprofits • Annualized from 2023 to 2024

Assets

Up

$65,577

Up $59,154 (+921%) from 2023

Liabilities

Up

$25,892

Up $4,769 (+23%) from 2023

Net Assets

Up

$39,685

Up $54,385 (+370%) from 2023

Revenue

Up

$240,093

Up $123,983 (+107%) from 2023

Expenses

Up

$185,708

Up $81,934 (+79%) from 2023

Net Income

Up

$54,385

Up $42,049 (+341%) from 2023

Trend Graphs

Balance Sheet Trend

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

$100K$50K$0-$50KAssets 2023: $6,423Liabilities 2023: $21,123Net Assets 2023: -$14,7002023Assets 2024: $65,577Liabilities 2024: $25,892Net Assets 2024: $39,6852024

Highlighted filing

2024

Assets$65,577
Liabilities$25,892
Net Assets$39,685

Operations Trend

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

$300K$200K$100K$0Revenue 2023: $116,110Expenses 2023: $103,774Net Income 2023: $12,3362023Revenue 2024: $240,093Expenses 2024: $185,708Net Income 2024: $54,3852024

Highlighted filing

2024

Revenue$240,093
Expenses$185,708
Net Income$54,385

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Apr 25, 2025
Return Version
2024v5.1
Gross Receipts
$240,093
Mission and Program Overview

Mission

Provide a space for professionals

Purpose Statement:The Historically Black Colleges & Universities Collaborative Network (HBCUCN) exists to provide a supportive and collaborative space for professionals dedicated to advancing student health and well-being.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$6,423$65,577▲ $59,154
Rtn Earn Endowment Incm Other Fnds$-14,700$39,685▲ $54,385
Total Assets$6,423$65,577▲ $59,154
Liabilities
Accounts Payable and Accrued Expenses$21,123$25,892▲ $4,769
Total Liabilities$21,123$25,892▲ $4,769
Net Assets / Fund Balance
Total Net Assets Fund Balance$-14,700$39,685▲ $54,385
Total Liabilities and Net Assets / Fund Balance$6,423$65,577▲ $59,154
Compensation and Service Providers

Board Members and Trustees

NameTitle
Andrew McClennyPresident
Donna Marie McMillanAdministrative Director
Audrey TaylorSecretary
Jose TaylorTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$190,093
Program Service Revenue
$50,000
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$54,385
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$142,344
Other Expenses$43,364
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$142,344--$142,344
Advertising$33,952--$33,952
Fees for Services Legal$1,438--$1,438
Travel$813--$813
Office Expenses$708--$708
Fees for Services Accounting$500--$500
Other Expenses$240--$240
Total Functional Expenses$185,708$0$0$185,708
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
Governance and Compliance

Governance Checklist

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

Governance Explanations

Member election for additional members Part VI line 7A

Members have the authority to elect additional members of the governing body, including HBCU officers and board of directors, as outlined in the organizations bylaws.

Form 990 governing body review Part VI line 11

HBCU are holding a member election to add new members to our nonprofit organization. This process ensures that our membership reflects our growing community and allows for broader input in our mission and decision-making. All current members are encouraged to participate in the vote

Conflict of interest policy compliance Part VI line 12C

The organization follows a written conflict of interest policy. HBCU officers and board members are required to disclose any potential conflicts annually, and the policy is consistently monitored and enforced to maintain transparency and integrity in governance.

CEO executive director top management comp Part VI line 15A

Compensation for the CEO, Executive Director, and top management is determined through a review of comparable data and approved by the governing body to ensure fairness and compliance with IRS guideline Compensation for the CEO, Executive Director, and top management is determined through a review of comparable data and approved by the governing body to ensure fairness and compliance with IRS guideline

Other officer or key employee compensation Part VI line 15B

The organization reviews and approves compensation for HBCU officers and key employees through a process that includes comparability data and board oversight, ensuring that compensation is reasonable and aligned with the organizations mission and public accountability standards.

Form 990 availability to public Part VI line 18

The organization makes its Form 990 available to the public upon request and ensures access through its website and/or the HBCUs administrative office, in accordance with IRS public disclosure requirements

Governing documents etc available to public Part VI line 19

The organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request and/or through the HBCUs official website or administrative office, promoting transparency and accountability.

Filing and Contact Details

Filer

Filer Name
HBCU Collaborative Network
EIN
87-4054921
In Care Of
% Donna Marie McMillan
Address
10130 Mallard Creek Road Suite 200, Charlotte, NC 28262

Signing Officer

Name
Donna Marie Mcmillan Officer
Title
Administrative Director
Signed
2025-04-25
Discuss with paid preparer
No

Organization Details

Formed
2022
Legal Domicile
Nc
Voting Board Members
4
Independent Board Members
4
Employees
0

Preparer

Firm
E Smith Ea Accounting LLC
Address
208 S Main Street, Omak, WA 98841
Preparer
Evelyn Smith Ea
Phone
5093223877
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