Morris Brown College
Nonprofit profile at a glance
- EIN
- 580607083
- IRS 990 coverage
- 2016–2024
- Forms available
- Form 990 2024
- Location
- Atlanta, GA, USA
- Phone
- 4044586085
- Rating
- 75
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Undergraduate College (4-year)
Reported finances
- Revenue
- $8,120,007
- Expenses
- $8,318,053
- Assets
- $12,477,615
- Liabilities
- $1,165,544
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
28 people listed
Executive titles in this filing
- DR KEVIN E JAMES (PRESIDENT)
Highest reported compensation
- DR KEVIN E JAMES (PRESIDENT): $305,153 total reported compensation
- SHERMANETTA CARTER (CHIEF FINANCIAL OFFICER): $129,580 total reported compensation
- DR TONEYCE RANDOLPH (PROVOST / SR. VP FOR ACADEMIC AFFAIRS): $118,767 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
In its commitment to academic excellence, morris brown college provides experiences that foster and enhance intellectual, personal, and interpersonal development for students who have demonstrated the potential to compete in a challenging undergraduate liberal arts program of study.
What it reported doing in 2024
To sustain a learning community in which students can prepare academically, socially and spiritually for leadership in a complex, diverse and rapidly changing world. Morris brown college provides scholarships to deserving students. Through student aid, the college offers support in the form of scholarships, grants, loans, and work study to students based on financial need to allow students a college education who may not otherwise be able to attend.
Operating model
- Revenue model
- Mixed. Its operating money came from several sources; no one source provided a clear majority.
- Distribution model
- Direct operator. The filing allocates 83% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
SUPPORTED - The organization raises money at a relatively low cost and the filed numbers largely add up. 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: 63
- Transparency & Controls: 79
- Accountability: 97
- Sustainability: 38
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 59.4%; rating input score 59
- Program expense ratio: 57.6%; rating input score 58
- Fundraising efficiency: $805.06 raised per $1 spent on fundraising; rating input score 97; 97th percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: 2 of 6 controls in place; rating input score 33
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Pass
- 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; 72nd percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 95%; rating input score 95; 25th 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: -2.4%; rating input score 26; 26th percentile among comparable filings
- Total-asset coverage ratio: 1.5; rating input score 52; 52nd percentile among comparable filings
- Liabilities to assets ratio: 0.09; rating input score 60; 60th percentile among comparable filings
- Officer compensation ratio: 10.5%; rating input score 28; 28th percentile among comparable filings
Growth
- Program expense growth: 19.4% per year; rating input score 100; 84th percentile among comparable filings
- Revenue growth: 20.5% per year; rating input score 100; 89th percentile among comparable filings
- Asset growth: 21.5% per year; rating input score 100; 86th percentile among comparable filings
Details
- Where the money goes: 59.4% of revenue deployed · 57.6% of spending went to programs
- Governance: 19 of 20 board members independent · 9 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $4.8M in reported program spending
- Leadership: top reported pay $305K · 28 people listed · 2 of 6 pay-setting controls reported
- Highest-paid contractors: 3 contractors listed · $851K reported
- Consistency: 35 of 35 current checks pass
- Schedules: 7 filed schedules · includes major donors, grants, and executive pay
- Filing history: 7 filing years from 2016 to 2024
- Contacts: How to reach this organization
- Money network: 8 filed money-flow records
- 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 59/100.
- Review — Financial Efficiency: Program expense ratio scored 58/100.
- High — Sustainability: Operating margin scored 26/100.
- Review — Sustainability: Total-asset coverage ratio scored 52/100.
- High — Sustainability: Officer compensation ratio scored 28/100.