Tougaloo College is a community college based in Tougaloo, MS that was founded in 1905. As of 2019 they had $29 million in revenue and $91 million in assets.
Tougaloo College is a private, historically black, liberal arts institution, accessible to all persons regardless of race, ethnic origin, religion or creed.
EIN:
64-0303093
City:
State:
Metro:
Website:
Phone:
601.977.7700
Facebook:
Twitter:
Founded:
1905
Type:
501(c)(3)
NTEE:
Revenue:
$29,718,286
Assets:
$91,077,680
Employees:
1,356
Fiscal year end:
June
Program areas at Tougaloo College
To sustain a learning community in which students can prepare academically, socially and spiritually for leadership in a complex, diverse and rapidly changing world.
Auxiliary Enterprises support the Colleges mission of providing quality educational opportunities. These services include, but are not limited to food service, housing, campus post office, parking, vending, campus stores and athletics.
Form 990s for Tougaloo College
| Fiscal year ending | Date received by IRS | Form | PDF link |
|---|
| 2019-06 | Sep 24, 2020 | 990 | View PDF |
| 2018-06 | May 14, 2019 | 990 | View PDF |
| 2017-06 | Sep 12, 2018 | 990 | View PDF |
| 2016-06 | Sep 19, 2017 | 990 | View PDF |
| 2015-06 | Jul 28, 2016 | 990 | View PDF |
| ...and nine more Form 990 PDFs |
Financials for Tougaloo College
| Field | 2019 | 2018 | % Change |
|---|
| Federated campaigns | $0 | $0 | |
| Membership dues | $0 | $0 | |
| Fundraising event contributions | $0 | $0 | |
| Related organizations | $0 | $0 | |
| Government grants (contributions) | $9,582,315 | $8,963,843 | 6.9% |
| Normal grants, contributions, etc. | $7,265,040 | $6,533,743 | 11.2% |
| <em>Non-cash contributions included in above</em> | $0 | $0 | |
| Total grants, contributions, etc. | $16,847,355 | $15,497,586 | 8.7% |
| Field | 2019 | 2018 | % Change |
|---|
| Total grants, contributions, etc. | $16,847,355 | $15,497,586 | 8.7% |
| Program services | $12,336,616 | $12,797,165 | -3.6% |
| Investment income and dividends | $918 | $940 | -2.3% |
| Tax-exempt bond proceeds | $0 | $0 | |
| Royalty revenue | $0 | $0 | |
| Net rental income | $0 | $0 | |
| Net gain from sale of non-inventory assets | $0 | $0 | |
| Net income from fundraising events | $0 | $0 | |
| Net income from gaming activities | $0 | $0 | |
| Net income from sales of inventory | $0 | $0 | |
| Miscellaneous revenues | $533,397 | $485,177 | 9.9% |
| Total revenues | $29,718,286 | $28,780,868 | 3.3% |
| Field | 2019 | 2018 | % Change |
|---|
| Grants to govts. and orgs. in USA | $0 | $0 | |
| Grants to individuals in USA | $2,397,017 | $2,753,633 | -13.0% |
| Grants to govts., orgs., and individuals outside USA | $0 | $0 | |
| Benefits paid to or for members | $0 | $0 | |
| Compensation of current officers, etc. | $626,845 | $691,647 | -9.4% |
| Compensation not included above, to disqualified persons | $0 | $0 | |
| Non-officer salaries and wages | $0 | $0 | |
| Pension/retirement accruals and contributions | $0 | $0 | |
| Other employee benefits | $0 | $0 | |
| Payroll taxes | $0 | $0 | |
| Management fees | $0 | $0 | |
| Legal fees | $0 | $0 | |
| Accounting fees | $0 | $0 | |
| Lobbying fees | $0 | $0 | |
| Pro. fundraising fees | | | |
| Investment mgmt fees | $0 | $0 | |
| Other fee-for-service | $0 | $0 | |
| Advertising and promotion | $0 | $0 | |
| Office expenses | $0 | $0 | |
| Information tech. expenses | $0 | $0 | |
| Royalty expenses | $0 | $0 | |
| Occupancy | $0 | $0 | |
| Travel | $0 | $0 | |
| Public official travel and entertainment | $0 | $0 | |
| Conferences, meetings, etc. | $0 | $0 | |
| Interest | $0 | $0 | |
| Payments to affiliates | $0 | $0 | |
| Depreciation, amortization, etc. | $0 | $0 | |
| Insurance | $0 | $0 | |
| All other expenses | $25,224,522 | $24,087,865 | 4.7% |
| Total expenses | $28,248,384 | $27,533,145 | 2.6% |
| Field | 2019 | 2018 | % Change |
|---|
| Cash (non-interest-bearing) | $889,536 | $964,094 | -7.7% |
| Savings, short-term investments, etc. | $489,651 | $442,896 | 10.6% |
| Pledges and grants receivable | $2,260,682 | $2,366,446 | -4.5% |
| Accounts receivable | $60,074 | $82,961 | -27.6% |
| Loans receivable from officers, directors, etc. | $0 | $0 | |
| Loans receivable from other disqualified persons | $0 | $0 | |
| Notes and loans receivable | $0 | $0 | |
| Inventories for use | $0 | $0 | |
| Prepaid expenses and deferred charges | $324,974 | $333,129 | -2.4% |
| Buildings, equipment, etc. post-depreciation | $53,052,975 | $52,121,144 | 1.8% |
| Investments, publicly traded securities | $13,099,738 | $11,951,111 | 9.6% |
| Investments, other securities | $20,900,050 | $20,900,050 | |
| Investments, program-related | $0 | $0 | |
| Intangible assets | $0 | $0 | |
| Other assets | $0 | $0 | |
| Total assets | $91,077,680 | $89,161,831 | 2.1% |
| Field | 2019 | 2018 | % Change |
|---|
| Accounts payable and accrued expenses | $1,073,826 | $1,822,378 | -41.1% |
| Grants payable | $0 | $0 | |
| Deferred revenue | | $165,933 | |
| Tax-exempt bond liabilities | $0 | | |
| Escrow or custodial account liability | $0 | $0 | |
| Loans payable to officers and disqualified persons | $0 | $0 | |
| Secured mortgages and notes payable to unrelated third parties | $5,325,225 | $4,068,472 | 30.9% |
| Unsecured notes and loans payable to unrelated third parties | $0 | $0 | |
| Other liabilities | $23,043 | $83,623 | -72.4% |
| Total liabilities | $6,422,094 | $6,140,406 | 4.6% |
| Field | 2019 | 2018 | % Change |
|---|
| Unrestricted net assets | $67,045,591 | $66,418,703 | 0.9% |
| Temporarily restricted net assets | $3,390,963 | $2,914,041 | 16.4% |
| Permanently restricted net assets | $14,219,032 | $13,688,681 | 3.9% |
Vendors for Tougaloo College
| Vendor | Services | Amount paid | Date |
|---|
| The Wesley Peachtree Group CPAs | Tax accounting; Audit accounting | | 2020-06-09 |
| █████████ ████████ | Software | | 2019-08-28 |
| ██████ | Content management system software | | 2019-08-15 |
| ██████ | Fundraising software | | 2019-08-15 |
| ███████ ███ ████ | Fundraising software; Payment processing | | 2019-08-15 |
| ████████ ███████████ | Food Service Provider | $1,293,917 | 2019-06-01 |
| █████ ███████ ██████ ███ | Hvac Contractor | $219,717 | 2019-06-01 |
| ███████████ █████████ █████████ ███ | Information Technology Services | $123,975 | 2019-06-01 |
| ...and two more vendors |
Personnel at Tougaloo College
| Name | Title | Compensation | Most recent data |
|---|
| Dr. Cynthia Melvin | Chief Financial Officer / Vice President for Finance and Administration and Chief Financial Officer | $87,500 | June 30, 2019 |
| Sandi Denese Carroll | Vice President of Information Technology and Chief Information Officer | $31,383 | June 30, 2019 |
| ██████ █ █████ | Vice President Finance Administrati | - | Sept. 24, 2020 |
| ███ ███████ ██████ ██████ | Vice President for Institutional Advancement | $95,000 | June 30, 2019 |
| ███ ██████ ████ █████ | Executive Director of the Owens Health and Wellness Center | $77,667 | June 30, 2018 |
| ███ ████ ██ ████████ ███ | Board Member | $21,250 | Aug. 2, 2019 |
| █████ █ █████ | Treasurer | $0 | June 30, 2019 |
| ██████ █ ██████ | Chairman | $0 | June 30, 2019 |
| ██████ █ ██████ | Vice Chairman | $0 | June 30, 2019 |
| ███████ █ █████ | President | $159,962 | June 30, 2019 |
| ...and 11 more key personnel |
Peer community colleges
| | Name | Type | Revenue | Location |
|---|
| 1 | Talladega College | 501(c)(3) | $29 million | Talladega, AL |
| 2 | Livingstone College | 501(c)(3) | $34 million | Salisbury, NC |
| 3 | Hollins University Corporation | 501(c)(3) | $55 million | Roanoke, VA |
| 4 | Bennett College | 501(c)(3) | $18 million | Greensboro, NC |
| 5 | Allen University | 501(c)(3) | $19 million | Columbia, SC |
| 6 | Jarvis Christian College | 501(c)(3) | $22 million | Hawkins, TX |
| 7 | Texas College | 501(c)(3) | $18 million | Tyler, TX |
| 8 | Miles College | 501(c)(3) | $34 million | Fairfield, AL |
| 9 | Stillman College | 501(c)(3) | $19 million | Tuscaloosa, AL |
| 10 | Randolph College | 501(c)(3) | $48 million | Lynchburg, VA |
| 11 | Wiley College | 501(c)(3) | $29 million | Marshall, TX |
| 12 | Carroll University | 501(c)(3) | $125 million | Waukesha, WI |
| 13 | Kennesaw State University (KSU) | 501(c)(3) | $54 million | Kennesaw, GA |