Hbcu Greatness Inc
Nonprofit profile at a glance
- EIN
- 874110949
- IRS 990-EZ coverage
- 2023–2024
- Forms available
- Form 990-EZ 2024, Form 990-N 2023
- Location
- Newark, NJ, USA
- Phone
- 2012474031
- Rating
- 74
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Private Grantmaking Foundations
Reported finances
- Revenue
- $64,085
- Expenses
- $55,895
- Assets
- $26,379
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
4 people listed
People named in this filing
- WILLIAM S PARRISH JR (CHAIRMAN)
- ROBERT STEVENS (TRUSTEE)
- KENNETH SHRAPERSON (TRUSTEE)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
See schedule o
What it reported doing in 2024
HBCU Signing Day- held the first Saturday in June to recognize and support rising freshman students whove chosen HBCU educations. The program is supported by returning upperclassmen and recent graduates, as well as adult alumn
Operating model
- Revenue model
- Donor-supported. 91% of the money available for current operations came from contributions and gifts.
- Distribution model
- Hybrid. The nonprofit split its reported program spending across 58% for direct work, and 42% for grants.
The verdict
SUPPORTED - The filed numbers largely add up and program spending has grown recently. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.
Rating breakdown
- Financial Efficiency: 53
- Transparency & Controls: 100
- Sustainability: 40
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 49.5%; rating input score 50
- Program expense ratio: 56.8%; rating input score 57
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
Sustainability
- Operating margin: 12.8%; rating input score 65; 65th percentile among comparable filings
- Total-asset coverage ratio: 0.47; rating input score 28; 28th percentile among comparable filings
- Liabilities to assets ratio: Limited
- Officer compensation ratio: 4%; rating input score 11; 11th percentile among comparable filings
Growth
- Program expense growth: 14.5% per year; rating input score 100; 77th percentile among comparable filings
- Revenue growth: 28.9% per year; rating input score 100; 93rd percentile among comparable filings
- Asset growth: 18.1% per year; rating input score 100; 84th percentile among comparable filings
Details
- Where the money goes: 49.5% of revenue deployed · 56.8% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $32K in reported program spending
- Leadership: top reported pay $0 · 4 people listed
- Consistency: 8 of 8 current checks pass
- Schedules: 4 filed schedules
- Filing history: 2 filing years from 2023 to 2024
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Review — Financial Efficiency: Mission deployment rate scored 50/100.
- Review — Financial Efficiency: Program expense ratio scored 57/100.
- High — Sustainability: Total-asset coverage ratio scored 28/100.
- High — Sustainability: Officer compensation ratio scored 11/100.