Livingstone College
Nonprofit profile at a glance
- EIN
- 560603922
- IRS 990 coverage
- 2009–2024
- Official website data refreshed
- Sep 2026
- Forms available
- Form 990 2024
- Location
- Salisbury, NC, US
- Phone
- (704) 216-6069
- Rating
- 75
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Undergraduate College (4-year)
Reported finances
- Revenue
- $68,135,223
- Expenses
- $49,780,571
- Assets
- $119,984,085
- Liabilities
- $20,895,852
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
39 people listed
Executive titles in this filing
- Dr Anthony J Davis (President)
- Ms Dawn B McNair (Vice President of Academic Affairs)
- Mr Greg Petzke (CFO/Vice President for Business Finance)
- Ms Carolyn Duncan (Vice President of Institutional Effectiveness)
- Dr Jacqueline Flowers Miller (Vice President of Human Resources, Chief of Staff Risk Mgmt.)
- Mr Anthony Brooks (Vice President of Admissions)
Highest reported compensation
- Dr Anthony J Davis (President): $513,000 total reported compensation
- Ms Dawn B McNair (Vice President of Academic Affairs): $237,952 total reported compensation
- Mr Greg Petzke (CFO/Vice President for Business Finance): $209,595 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Livingstone College is committed to being Resilient, Relevant, and Ready.
What it reported doing in 2024
Auxiliary Enterprises support the Colleges mission of providing quality educational opportunities. These services include but are not limited to food service, campus housing, campus post office, vending, campus stores and athletics.
Operating model
- Revenue model
- Mixed. Its operating money came from several sources; no one source provided a clear majority.
- Distribution model
- Hybrid. The nonprofit split its reported program spending across 75% for direct work, and 25% for grants.
The verdict
SUPPORTED - A large share of total spending goes to programs and the filed numbers largely add up. A relatively small share of available resources goes toward mission work and reported officer compensation is a large share of total spending, which may reflect staffing concentration.
Rating breakdown
- Financial Efficiency: 60
- Transparency & Controls: 75
- Accountability: 98
- Sustainability: 74
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 50.2%; rating input score 50
- Program expense ratio: 68.5%; rating input score 68
- Fundraising efficiency: $90.9 raised per $1 spent on fundraising; rating input score 83; 83rd percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 68th percentile among comparable filings
- Pay-setting controls: 1 of 6 controls in place; rating input score 17
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Missing
- Board or committee approval: Pass
- Foreign activity oversight: Limited
- Grant itemization coverage: 100%; rating input score 100; 77th percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 96.6%; rating input score 97; 51st percentile among comparable filings
- Governance controls: 9 of 9 controls in place; rating input score 100
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Pass
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 26.9%; rating input score 91; 91st percentile among comparable filings
- Total-asset coverage ratio: 2.41; rating input score 69; 69th percentile among comparable filings
- Liabilities to assets ratio: 0.17; rating input score 72; 72nd percentile among comparable filings
- Officer compensation ratio: 4.1%; rating input score 24; 24th percentile among comparable filings
Growth
- Program expense growth: 4.8% per year; rating input score 100; 38th percentile among comparable filings
- Revenue growth: 3.6% per year; rating input score 100; 28th percentile among comparable filings
- Asset growth: 5.4% per year; rating input score 100; 40th percentile among comparable filings
Details
- What they do: 4 programs and campaigns described on the official site · 1 operating location identified
- Where the money goes: 50.2% of revenue deployed · 68.5% of spending went to programs
- Governance: 28 of 29 board members independent · 9 of 9 filing controls reported
- Programs: 2 filed program accomplishments · $34.1M in reported program spending
- Leadership: top reported pay $513K · 39 people listed · 1 of 6 pay-setting controls reported
- Highest-paid contractors: 5 contractors listed · $3.1M reported
- Consistency: 20 of 20 current checks pass
- Schedules: 9 filed schedules · includes major donors, grants, and executive pay
- Filing history: 16 filing years from 2009 to 2024
- Contacts: How to reach this organization
- Money network: 12 filed money-flow records
- Related organizations: 1 filed related-organization link
- 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.
Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.
- Review — Financial Efficiency: Mission deployment rate scored 50/100.
- High — Sustainability: Officer compensation ratio scored 24/100.
- High — Grant Readiness: Federal audit findings: this organization reported findings in its latest federal Single Audit.