Tougaloo College

Nonprofit profile at a glance

EIN
640303093
IRS 990 coverage
2009–2024
Official website data refreshed
Aug 2026
Forms available
Form 990 2024, Form 990-T 2024
Location
Tougaloo, MS, USA
Phone
(601) 977-7700
Rating
82
Verdict
STRONG
Rating confidence
Moderate
Sector
Undergraduate College (4-year)

Official website

Reported finances

Revenue
$36,271,119
Expenses
$34,907,680
Assets
$121,567,241
Liabilities
$8,055,144

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

28 people listed

Executive titles in this filing

  • Ms Pacey L Bowens (Vice President of Finance Administration)
  • Mr Joshiah Sampson III (Vice President of Academic Affairs)
  • Mr Larry Barker (Interim Vice President Finance Admin)
  • Mr Christopher Gilmore (Vice President of Strategic Initiatives Social Justice)
  • Allilia Price (Vice President of OIA)
  • Mr Donavan Coley (Vice President of Enrollment Management Student Affairs)

Highest reported compensation

  • Ms Pacey L Bowens (Vice President of Finance Administration): $150,000 total reported compensation
  • Mr Joshiah Sampson III (Vice President of Academic Affairs): $150,000 total reported compensation
  • Mr Larry Barker (Interim Vice President Finance Admin): $145,000 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Tougaloo College is a private, historically black liberal arts institution that prepares students for leadership, service, and lifelong learning.

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, housing, campus post office, parking, 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
Direct operator. The filing allocates 90% 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

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Fundraising costs are high for each dollar raised and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 79
  • Transparency & Controls: 75
  • Accountability: 97
  • Sustainability: 64
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 81%; rating input score 81
  • Program expense ratio: 84.2%; rating input score 84
  • Fundraising efficiency: $20.76 raised per $1 spent on fundraising; rating input score 58; 58th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 62nd 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; 72nd percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 95.5%; rating input score 95; 29th percentile among comparable filings
  • Governance controls: 8 of 8 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: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 3.8%; rating input score 49; 49th percentile among comparable filings
  • Total-asset coverage ratio: 3.48; rating input score 79; 79th percentile among comparable filings
  • Liabilities to assets ratio: 0.07; rating input score 80; 80th percentile among comparable filings
  • Officer compensation ratio: 2.6%; rating input score 71; 71st percentile among comparable filings

Growth

  • Program expense growth: 3.4% per year; rating input score 100; 29th percentile among comparable filings
  • Revenue growth: 2% per year; rating input score 100; 18th percentile among comparable filings
  • Asset growth: 3.7% per year; rating input score 100; 27th percentile among comparable filings

Details

  • What they do: 9 programs and campaigns described on the official site · 1 operating location identified
  • Where the money goes: 81% of revenue deployed · 84.2% of spending went to programs
  • Governance: 21 of 22 board members independent · 8 of 8 filing controls reported
  • Programs: 2 filed program accomplishments · $29.4M in reported program spending
  • Leadership: top reported pay $150K · 28 people listed · 1 of 6 pay-setting controls reported
  • Highest-paid contractors: 5 contractors listed · $4.6M reported
  • Consistency: 20 of 20 current checks pass
  • Schedules: 7 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: 7 filed money-flow records
  • Related organizations: Filed and resolved organization relationships.
  • 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: Fundraising efficiency scored 58/100.
  • Moderate — Sustainability: Operating margin scored 49/100.
  • High — Grant Readiness: Federal audit findings: this organization reported findings in its latest federal Single Audit.