United Negro College Fund Inc

Washington, DC
Tax-exempt since Oct. 2004
EIN: 13-1624241

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Type of Nonprofit

Designated as a 501(c)(3) Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Educational Institutions and Related Activities / Scholarships, Student Financial Aid Services, Awards (NTEE)

Donations to this organization are tax deductible.

Revenue

$361M (2023)

Expenses

$171M (2023)

Total Assets

$849M (2023)

Total Liabilities

$76.7M (2023)

Source: Form 990 tax filings from 2012 to 2023

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending March
2023

Revenue

$361,352,697

Expenses

$171,465,522

Net Income

$189,887,175

Net Assets

$772,070,786

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$352,410,439	97.5%
Program Services	$100,690	0.0%
Investment Income	$6,872,996	1.9%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	-$6,755
Sales of Assets	$1,968,572	0.5%
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$3,450,758	2.0%
Professional Fundraising Fees	$36,000	0.0%
Other Salaries and Wages	$23,019,789	13.4%

Assets/Debt
Total Assets	$848,813,093
Total Liabilities	$76,742,307
Net Assets	$772,070,786

Compensation

Key Employees and Officers	Compensation	Related	Other
Dr Michael L Lomax (President & Ceo)	$853,098	$0	$141,292
Mr Early Reese (Coo)	$547,727	$0	$128,673
Mr Maurice Jenkins (Evp & Chief Development Of)	$434,425	$0	$102,826
Ms Lajuan Lyles (Svp, Hr & Administration)	$392,779	$0	$41,214
Mr Lawrence Griffith Jr (Svp, Scholarships & Progra)	$346,477	$0	$30,855
Mr Seth Bardu (Svp, Cfo & Treasurer)	$325,779	$0	$49,525
Mr Lodriguez Murray (Vp. Government Affairs)	$321,088	$0	$78,858
Ms Paulette Jackson (Vp Dev. Headquarter Divisi)	$300,806	$0	$27,700
Ms Desiree C Boykin (Vp General Counsel & Secre)	$289,837	$0	$45,381
Mr Robert Rucker (Vp, Research & Member Enga)	$277,531	$0	$26,053
Mr Diego Aviles (Vp. Dev Northern Division)	$258,708	$0	$48,419
Ms Therese Badon (Vp Of Development)	$255,196	$0	$35,850
Mr Milton H Jones Jr (Chair Of The Board)	$0	$0	$0
Dr George T French Jr (Vice Chair/Institutional D)	$0	$0	$0
Mr Alfred G Goldstein (Vice Chair)	$0	$0	$0
Dr David L Beckley (Board Member)	$0	$0	$0
Mr Michael J Cleveland (Board Member)	$0	$0	$0
Ms Celia A Colbert (Board Member)	$0	$0	$0
Mr Gregory G Cunningham (Board Member)	$0	$0	$0
Mr Paul Gama (Board Member)	$0	$0	$0
Mr Aloysius Mclaughlin (Board Member)	$0	$0	$0
Mr Kenneth B Mehlman (Board Member)	$0	$0	$0
Ms Laurie Readhead (Board Member)	$0	$0	$0
Ms Nicole Ross (Board Member)	$0	$0	$0
Mr David Sable (Board Member)	$0	$0	$0
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990

Filed on Dec. 12, 2023

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990-T

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Fiscal Year Ending March
2022

Revenue

$223,162,934

Expenses

$192,711,820

Net Income

$30,451,114

Net Assets

$593,106,411

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$212,138,431	95.1%
Program Services	$232,392	0.1%
Investment Income	$3,829,419	1.7%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$6,962,692	3.1%
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$4,417,110	2.3%
Professional Fundraising Fees	$21,000	0.0%
Other Salaries and Wages	$18,929,818	9.8%

Assets/Debt
Total Assets	$679,851,959
Total Liabilities	$86,745,548
Net Assets	$593,106,411

Compensation

Key Employees and Officers	Compensation	Related	Other
Dr Michael L Lomax (President & Ceo)	$906,391	$0	$243,152
Mr Maurice Jenkins (Evp & Chief Development Of)	$805,688	$0	$159,495
Mr Early Reese (Coo)	$618,626	$0	$181,750
Ms Lajuan Lyles (Svp, Hr & Administration)	$511,952	$0	$39,489
Mr Lawrence Griffith Jr (Svp, Scholarships & Progra)	$381,471	$0	$30,950
Mr Lodriguez Murray (Vp. Government Affairs)	$361,014	$0	$104,874
Mr Seth Bardu (Svp, Cfo & Treasurer)	$346,286	$0	$47,854
Ms Desiree C Boykin (Vp General Counsel & Secre)	$339,388	$0	$43,182
Ms Paulette Jackson (Vp Dev. Headquarter Divisi)	$303,193	$0	$26,298
Mr Diego Aviles (Vp. Dev Northern Division)	$296,858	$0	$45,132
Mr Robert Rucker (Vp, Research & Member Enga)	$283,272	$0	$25,426
Mr Sekou Biddle (Vp Advocacy)	$256,768	$0	$14,167
Mr Brandon Fitzgerald (Assoc Gc & Assist Secy)	$217,953	$0	$23,256
Mr William F Stasior (Chair Emeritus)	$0	$0	$0
Mr Alfred G Goldstein (Vice Chair)	$0	$0	$0
Dr Billy C Hawkins (Vice Chair/Institutional D)	$0	$0	$0
Mr Milton H Jones Jr (Chair Of The Board)	$0	$0	$0
Mr Aloysius Mclaughlin (Board Member)	$0	$0	$0
Mr Andrew P Swiger (Board Member)	$0	$0	$0
Mr Ben Saba Hasan (Board Member)	$0	$0	$0
Ms Celia A Colbert (Board Member)	$0	$0	$0
Mr David Sable (Board Member)	$0	$0	$0
Ms Gerri Mason Hall (Board Member)	$0	$0	$0
Dr Glenda Baskin Glover (Board Member)	$0	$0	$0
Mr Gregory G Cunningham (Board Member)	$0	$0	$0
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990

Filed on Jan. 12, 2023

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Fiscal Year Ending March
2021

Revenue

$223,757,044

Expenses

$175,224,040

Net Income

$48,533,004

Net Assets

$562,358,459

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$215,474,463	96.3%
Program Services	$293,158	0.1%
Investment Income	$5,473,251	2.4%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$2,516,172	1.1%
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$3,295,483	1.9%
Professional Fundraising Fees	$65,500	0.0%
Other Salaries and Wages	$16,099,430	9.2%

Assets/Debt
Total Assets	$653,425,402
Total Liabilities	$91,066,943
Net Assets	$562,358,459

Compensation

Key Employees and Officers	Compensation	Related	Other
Dr Michael L Lomax (President & Ceo)	$1,023,706	$0	$145,900
Mr Early Reese (Coo)	$479,328	$0	$31,706
Mr Maurice Jenkins (Evp & Chief Development Officer)	$380,846	$0	$65,938
Mr Lawrence Griffith Jr (Svp, Scholarships & Programs)	$305,791	$0	$25,117
Ms Lajuan Lyles (Svp, Hr & Administration)	$294,358	$0	$37,847
Mr Seth Bardu (Svp, Cfo & Treasurer)	$289,144	$0	$41,337
Ms Desiree C Boykin (Vp General Counsel & Secretary)	$265,673	$0	$31,315
Mr Lodriguez Murray (Vp. Government Affairs)	$242,488	$0	$10,773
Mr Diego Aviles (Vp. Dev Northern Division)	$238,162	$0	$36,289
Mr Sekou Biddle (Vp Advocacy)	$232,990	$0	$10,568
Mr Brian Bridges (Vp, Research & Member Engagement)	$226,510	$0	$36,642
Ms Paulette Jackson (Vp Dev. Headquarter Division)	$225,803	$0	$18,396
Mr Brandon Fitzgerald (Assoc Gc & Assist Secy)	$176,329	$0	$14,121
Mr William F Stasior (Chair Of The Board)	$0	$0	$0
Mr Alfred G Goldstein (Vice Chair)	$0	$0	$0
Dr Billy C Hawkins (Vice Chair/Institutional Dir)	$0	$0	$0
Mr Milton H Jones Jr (Vice Chair)	$0	$0	$0
Dr A Charles Thomas (Board Member (Until 8/5/20))	$0	$0	$0
Mr Aloysius Mclaughlin (Board Member)	$0	$0	$0
Mr Andrew P Swiger (Board Member)	$0	$0	$0
Mr Ben Saba Hasan (Board Member)	$0	$0	$0
Ms Celia A Colbert (Board Member)	$0	$0	$0
Mr David Sable (Board Member)	$0	$0	$0
Ms Gerri Mason Hall (Board Member)	$0	$0	$0
Dr Glenda Baskin Glover (Board Member)	$0	$0	$0
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990

Filed on Jan. 19, 2022

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990-T

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Fiscal Year Ending March
2020

Revenue

$91,147,616

Expenses

$161,420,687

Net Income

-$70,273,071

Net Assets

$479,458,221

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$79,890,044	87.6%
Program Services	$316,484	0.3%
Investment Income	$11,110,436	12.2%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$37,326	0.0%
Net Fundraising	$0
Sales of Assets	-$206,674
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$2,747,806	1.7%
Professional Fundraising Fees	$46,636	0.0%
Other Salaries and Wages	$13,977,867	8.7%

Assets/Debt
Total Assets	$532,322,112
Total Liabilities	$52,863,891
Net Assets	$479,458,221

Compensation

Key Employees and Officers	Compensation	Related	Other
Dr Michael L Lomax (President & Ceo)	$603,461	$0	$212,954
Mr Early Reese (Evp & Coo)	$600,416	$0	$42,832
Mr Maurice E Jenkins (Evp&Chief Development Officer)	$324,527	$0	$67,851
Mr Lawrence Griffith (Svp, Scholarships & Programs)	$265,891	$0	$27,971
Mr Seth Bardu (Svp, Cfo & Treasurer)	$255,761	$0	$35,208
Ms Lajuan Lyles (Svp, Hr & Administration)	$255,620	$0	$36,164
Mr Diego Aviles (Vp, Dev Northeast Div)	$226,116	$0	$29,967
Ms Desiree C Boykin (Vp Gen'l Counsel & Secretary)	$224,253	$0	$29,061
Mr Richard M Shropshi (Vp Mktg, Branding & Comms)	$209,302	$0	$10,093
Mr Brian Bridges (Vp, Research & Member Engage.)	$208,304	$0	$40,330
Mr Lodriquez Murray (Svp, Public Policy & Govt Aff.)	$206,225	$0	$10,315
Mr Robert Rucker (Vp, It & Proj Mgmt Office)	$198,768	$0	$21,523
Mr Brandon Fitzgerald (Assoc Gc & Assist Secy)	$153,543	$0	$14,322
Mr William F Stasior (Chair Of The Board)	$0	$0	$0
Mr Alfred G Goldstein (Vice Chair)	$0	$0	$0
Mr Kevin Williams (Vice Chair (Until 01/07/20))	$0	$0	$0
Dr A Charles Thomas (Board Member)	$0	$0	$0
Mr Aloysius Ish Mclau (Board Member)	$0	$0	$0
Dr Andrea L Miller (Inst Director (Until 9/1/19))	$0	$0	$0
Mr Andrew P Swiger (Board Member)	$0	$0	$0
Mr Ben Saba Hasan (Board Member)	$0	$0	$0
Dr Billy C Hawkins (Vice Chair)	$0	$0	$0
Dr C Reynold Verret (Institutional Director)	$0	$0	$0
Ms Celia Colbert (Board Member)	$0	$0	$0
Dr Colette Pierce Bur (Inst Director (Until 3/5/20))	$0	$0	$0
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990

Filed on Dec. 7, 2020

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Fiscal Year Ending Dec.
2019

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

PDF

Fiscal Year Ending March
2019

Revenue

$74,869,324

Expenses

$161,208,058

Net Income

-$86,338,734

Net Assets

$558,256,395

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$60,370,684	80.6%
Program Services	$415,608	0.6%
Investment Income	$16,054,720	21.4%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	-$1,971,688
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$2,686,933	1.7%
Professional Fundraising Fees	$30,000	0.0%
Other Salaries and Wages	$13,925,205	8.6%

Assets/Debt
Total Assets	$604,129,080
Total Liabilities	$45,872,685
Net Assets	$558,256,395

Compensation

Key Employees and Officers	Compensation	Related	Other
Dr Michael L Lomax (President & Ceo)	$662,813	$0	$175,478
Mr Early Reese (Coo, (Treasurer Until 3/7/19))	$423,462	$0	$116,264
Mr Maurice E Jenkins (Evp&Chief Development Officer)	$331,659	$0	$64,816
Ms Lajuan Lyles (Senior Vp/Hr & Administration)	$284,379	$0	$35,018
Mr Lawrence Griffith Jr (Svp, Scholarships & Programs)	$278,310	$0	$25,597
Ms Desiree C Boykin (Vp Gen'l Counsel & Secretary)	$236,873	$0	$29,801
Mr Richard M Shropshire (Vp Mktg, Branding & Comms)	$209,551	$0	$9,410
Dr Brian Bridges (Vp, Research & Member Engagmnt)	$206,020	$0	$38,148
Mr Lodriquez Murray (Svp,Public Policy & Govt Affai)	$202,129	$0	$2,484
Ms Paulette Jackson (Vp Dev, Headquarters)	$198,259	$0	$21,183
Mr Robert W Rucker (Vp, It & Proj Mgmt Office)	$193,297	$0	$17,023
Mr Brandon Fitzgerald (Assoc Gc & Assist Secy)	$154,050	$0	$10,015
Mr Seth Bardu (Svp, Cfo (Treasurer 3/7/19))	$133,865	$0	$0
Mr William F Stasior (Chair Of The Board)	$0	$0	$0
Mr Alfred G Goldstein (Vice Chair)	$0	$0	$0
Dr Beverly Wade Hogan (Id, Vice Chair (Until 3/7/19))	$0	$0	$0
Mr Kevin W Williams (Vice Chair)	$0	$0	$0
Dr A Charles Thomas (Board Member)	$0	$0	$0
Mr Aloysius Ish Mclaughlin (Board Member)	$0	$0	$0
Dr Andrea Lewis Miller (Institutional Director)	$0	$0	$0
Mr Andrew P Swiger (Board Member)	$0	$0	$0
Mr Ben Saba Hasan (Board Member)	$0	$0	$0
Dr Billy C Hawkins (Id, Vice Chair (Since 3/6/19))	$0	$0	$0
Dr C Reynold Verrett (Institutional Director)	$0	$0	$0
Ms Celia Colbert (Board Member)	$0	$0	$0
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990

Filed on Nov. 7, 2019

Primary tax return for a nonprofit’s activities, finances, and governance

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Fiscal Year Ending Dec.
2018

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

PDF

Fiscal Year Ending March
2018

Revenue

$89,277,990

Expenses

$171,722,769

Net Income

-$82,444,779

Net Assets

$637,253,512

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$67,822,789	76.0%
Program Services	$247,678	0.3%
Investment Income	$16,669,418	18.7%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$4,538,105	5.1%
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$2,696,696	1.6%
Professional Fundraising Fees	$0
Other Salaries and Wages	$13,520,512	7.9%

Assets/Debt
Total Assets	$684,164,775
Total Liabilities	$46,911,263
Net Assets	$637,253,512

Compensation

Key Employees and Officers	Compensation	Related	Other
Dr Michael L Lomax (President & Ceo)	$983,929	$0	$156,161
Mr Early Reese (Coo/Acting Cfo/Treasurer)	$374,202	$0	$128,869
Mr Maurice E Jenkins (Evp/Chief Development Officer)	$294,362	$0	$54,397
Ms Cheryl Smith (Svp, Public Policy & Govt Aff)	$276,002	$0	$19,128
Mr Lawrence Griffith Jr (Svp, Scholarships & Programs)	$243,953	$0	$26,336
Ms Lajuan Lyles (Senior Vp/Hr & Administration)	$234,038	$0	$36,158
Ms Desiree C Boykin (Vp Genl Legal Counsel/Secretar)	$203,742	$0	$29,347
Mr Richard M Shropshire (Vp, Branding, Mrkting, & Comm)	$201,141	$0	$9,458
Dr Brian Bridges (Vp, Research & Member Engagmnt)	$200,406	$0	$38,134
Mr Robert W Rucker (Vp, It & Proj Mgmt Office)	$187,305	$0	$20,102
Mr Fred D Mitchell (Vp Dev. Midwest/Northern Divis)	$172,548	$0	$35,593
Mr Brandon Fitzgerald (Assistant Sec. (As Of 8/17))	$133,509	$0	$3,068
Ms Amma Felix (Vp Strategy & Sec.(Until 7/17))	$114,635	$0	$8,900
Mr William F Stasior (Chair Of The Board)	$0	$0	$0
Mr Alfred G Goldstein (Vice Chair)	$0	$0	$0
Dr Beverly Wade Hogan (Vice Chair)	$0	$0	$0
Mr Kevin W Williams (Vice Chair)	$0	$0	$0
Dr A Charles Thomas (Board Member)	$0	$0	$0
Mr Aloysius Ish Mclaughlin (Board Member)	$0	$0	$0
Dr Andrea Lewis Miller (Board Member)	$0	$0	$0
Mr Andrew P Swiger (Board Member)	$0	$0	$0
Mr Ben Saba Hasan (Board Member)	$0	$0	$0
Dr Billy C Hawkins (Board Member)	$0	$0	$0
Dr C Reynold Verrett (Board Member)	$0	$0	$0
Ms Celia Colbert (Board Member)	$0	$0	$0
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990

Filed on Nov. 1, 2018

Primary tax return for a nonprofit’s activities, finances, and governance

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990-T

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PDF (2 of 2)

Fiscal Year Ending March
2017

Revenue

$79,864,687

Expenses

$183,825,097

Net Income

-$103,960,410

Net Assets

$720,963,924

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$53,952,100	67.6%
Program Services	$195,678	0.2%
Investment Income	$18,359,899	23.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$7,357,010	9.2%
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$2,783,938	1.5%
Professional Fundraising Fees	$0
Other Salaries and Wages	$14,394,124	7.8%

Assets/Debt
Total Assets	$768,838,032
Total Liabilities	$47,874,108
Net Assets	$720,963,924

Compensation

Key Employees and Officers	Compensation	Related	Other
Dr Michael L Lomax (President And Ceo)	$582,792	$0	$190,016
Mr Early Reese (Coo/Acting Cfo/Treasurer)	$512,155	$0	$33,299
Mr Maurice E Jenkins (Evp/Chief Development Officer)	$304,257	$0	$22,888
Ms Cheryl Smith (Svp, Public Policy & Govt Aff)	$283,823	$0	$17,660
Ms Malvina Rollins Kay (Svp/Cfo/Treasurer)	$275,986	$0	$6,121
Mr Lawrence Griffith Jr (Svp, Scholarships & Programs)	$245,533	$0	$24,552
Ms Lajuan Lyles (Senior Vp/Hr & Administration)	$238,525	$0	$34,265
Dr Brian Bridges (Vp, Research & Member Engagmnt)	$212,406	$0	$35,661
Mr Richard M Shropshire (Vp, Branding, Mrkting, & Comm)	$203,405	$0	$8,118
Ms Desiree C Boykin (General Legal Counsel/Asst Sec)	$193,498	$0	$27,448
Mr Robert W Rucker (Vp, It & Proj Mgmt Office)	$185,452	$0	$1,844
Ms Amma Felix (Vp Strategy & Secretary)	$178,849	$0	$12,430
Mr Fred D Mitchell (Vp Development Northern Region)	$177,279	$0	$27,259
Mr William F Stasior (Chair Of The Board)	$0	$0	$0
Mr Alfred G Goldstein (Vice Chair)	$0	$0	$0
Mr Kevin W Williams (Vice Chair)	$0	$0	$0
Dr Haywood L Strickland (Vice Chair)	$0	$0	$0
Dr A Charles Thomas (Board Member)	$0	$0	$0
Mr Aloysius Ish Mclaughlin (Board Member)	$0	$0	$0
Mr Andrew P Swiger (Board Member)	$0	$0	$0
Mr Ben Saba Hasan (Board Member)	$0	$0	$0
Dr Beverly Wade Hogan (Board Member)	$0	$0	$0
Dr Billy C Hawkins (Board Member)	$0	$0	$0
Dr Brian L Johnson (Board Member)	$0	$0	$0
Ms Celia Colbert (Board Member)	$0	$0	$0
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990

Filed on Aug. 14, 2017

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990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

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Fiscal Year Ending March
2016

Revenue

$250,300,346

Expenses

$180,253,042

Net Income

$70,047,304

Net Assets

$823,827,449

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$231,032,646	92.3%
Program Services	$171,353	0.1%
Investment Income	$19,880,691	7.9%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	-$784,344
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$2,279,975	1.3%
Professional Fundraising Fees	$0
Other Salaries and Wages	$13,740,423	7.6%

Assets/Debt
Total Assets	$873,406,884
Total Liabilities	$49,579,435
Net Assets	$823,827,449

Compensation

Key Employees and Officers	Compensation	Related	Other
Dr Michael L Lomax (President & Ceo)	$496,345	$0	$188,642
Mr Early Reese (Chief Operating Officer)	$362,477	$0	$51,914
Mr Maurice E Jenkins (Executive Vp & Chief Developmt Officer)	$292,816	$0	$22,293
Ms Cheryl Smith (Senior Vp, Public Policy & Govt)	$258,328	$0	$17,585
Ms Malvina Rollins Kay (Senior Vp/Cfo/Treasurer)	$237,028	$0	$8,344
Mr Lawrence Griffith Jr (Senior Vp, Scholarships & Programs)	$236,751	$0	$23,465
Ms La Juan Lyles (Senior Vp, Hr & Administration)	$228,182	$0	$32,890
Mr Richard M Shropshire (Vp, Mktg/Branding/Communications)	$195,839	$0	$8,258
Dr Brian Bridges (Vp, Research & Member Engagement)	$184,681	$0	$33,517
Mr Robert W Rucker (Vp, It & Project Mgmt Office)	$183,103	$0	$17,404
Mr Fred D Mitchell (Vp, Northern Region)	$175,540	$0	$24,313
Ms Desiree C Boykin (General Legal Counsel & Asst Secretary)	$175,114	$0	$23,151
Ms Amma Felix (Vp Strategy & Secretary)	$170,190	$0	$6,532
Mr William F Stasior (Chair Of The Board)	$0	$0	$0
Mr Alfred G Goldstein (Vice Chair)	$0	$0	$0
Dr Haywood L Strickland (Vice Chair)	$0	$0	$0
Mr Kevin W Williams (Vice Chair)	$0	$0	$0
Dr Larry L Earvin (Vice Chair)	$0	$0	$0
Dr A Charles Thomas (Board Member)	$0	$0	$0
Mr Aloysius Ish Mclaughlin (Board Member)	$0	$0	$0
Mr Andrew P Swiger (Board Member)	$0	$0	$0
Dr Beverly Wade Hogan (Board Member)	$0	$0	$0
Dr Billy C Hawkins (Board Member)	$0	$0	$0
Dr Brian L Johnson (Board Member)	$0	$0	$0
Dr Claude G Perkins (Board Member)	$0	$0	$0
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990

Filed on Sept. 27, 2016

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing

Schedules ▼

PDF XML

PDF (2 of 2)

990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

PDF

Fiscal Year Ending March
2015

Revenue

$221,369,756

Expenses

$171,034,110

Net Income

$50,335,646

Net Assets

$773,588,865

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$197,925,634	89.4%
Program Services	$0
Investment Income	$21,285,047	9.6%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$163,140	0.1%
Net Fundraising	$0
Sales of Assets	$1,995,935	0.9%
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$2,913,717	1.7%
Professional Fundraising Fees	$0
Other Salaries and Wages	$12,470,815	7.3%

Assets/Debt
Total Assets	$921,191,373
Total Liabilities	$147,602,508
Net Assets	$773,588,865

Compensation

Key Employees and Officers	Compensation	Related	Other
Dr Michael L Lomax (President And Ceo)	$1,113,708	$0	$196,422
Mr Early Reese (Evp)	$349,362	$0	$29,414
Mr Maurice E Jenkins (Svp Southern Region)	$284,446	$0	$28,803
Ms Cheryl Smith (Svp Public Policy & Government)	$242,592	$0	$31,200
Ms La Juan Lyles (Svp Cao)	$215,205	$0	$31,360
Ms Malvina Rollins Kay (Svp, Chief Financial Officer/Treasurer)	$210,328	$0	$15,603
Mr Lawrence Griffith Jr (Vp Gmsp)	$207,742	$0	$26,213
Mr Richard M Shropshire (Vp Mktg, Branding & Communication)	$193,903	$0	$14,618
Mr Robert W Rucker (Vp Compliance & Information Tech)	$177,909	$0	$19,774
Mr Brian Bridges (Vp Patterson Research)	$166,798	$0	$29,364
Ms Desiree C Boykin (General Legal Counsel/Asst Secretary)	$166,101	$0	$19,025
Ms Amma Felix (Secretary)	$164,969	$0	$9,982
Mr Fred D Mitchell (Regional Development Director Ny)	$162,642	$0	$24,648
Mr William F Stasior (Chair Of The Board)	$0	$0	$0
Mr Alfred G Goldstein (Vice Chair)	$0	$0	$0
Mr Kevin W Williams (Vice Chair)	$0	$0	$0
Dr Larry L Earvin (Vice Chair)	$0	$0	$0
Mr Aloysius Ish Mclaughlin (Board Member)	$0	$0	$0
Mr Andrew P Swiger (Board Member)	$0	$0	$0
Dr Beverly Daniel Tatum (Board Member)	$0	$0	$0
Dr Beverly Wade Hogan (Board Member)	$0	$0	$0
Dr Billy C Hawkins (Board Member)	$0	$0	$0
Dr Claude G Perkins (Board Member)	$0	$0	$0
Dr Carlton E Brown (Board Member)	$0	$0	$0
Ms Carolyn House Stewart (Board Member)	$0	$0	$0
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990

Filed on Aug. 18, 2015

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing

Schedules ▼

PDF XML

990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

PDF

Fiscal Year Ending March
2014

Revenue

$208,516,189

Expenses

$168,430,650

Net Income

$40,085,539

Net Assets

$715,042,202

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$172,247,503	82.6%
Program Services	$0
Investment Income	$23,723,581	11.4%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$143,573	0.1%
Net Fundraising	$0
Sales of Assets	$10,394,576	5.0%
Net Inventory Sales	$0
Other Revenue	$2,006,956	1.0%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$3,233,802	1.9%
Professional Fundraising Fees	$0
Other Salaries and Wages	$11,264,109	6.7%

Assets/Debt
Total Assets	$976,195,798
Total Liabilities	$261,153,596
Net Assets	$715,042,202

Compensation

Key Employees and Officers	Compensation	Related	Other
Dr Michael L Lomax (President And Ceo)	$458,497	$0	$324,973
Mr Early Reese (Evp)	$348,164	$0	$44,405
Mr Maurice E Jenkins (Svp Southern Region)	$285,122	$0	$15,848
Mr Karl W Reid (Svp Academic Affairs)	$237,014	$0	$0
Ms La Juan Lyles (Svp Cao)	$219,422	$0	$21,761
Mr Lawrence Griffith Jr (Vp Gmsp)	$209,472	$0	$14,779
Ms Malvina Rollins Kay (Svp, Chief Financial Officer/Assistant Treasurer)	$195,652	$0	$6,894
Mr Robert W Rucker (Vp Compliance And Information Tech)	$190,576	$0	$16,595
Mr Richard M Shropshire (Vp Marketing, Branding & Communication)	$180,856	$0	$8,071
Ms Desiree C Boykin (General Legal Counsel/Assistant Secretary)	$179,514	$0	$18,508
Mr Brian Bridges (Vp Patterson Research)	$177,415	$0	$21,900
Mr Gerald Chen Young (Chief Investment Officer)	$159,023	$0	$3,678
Ms Amma Tanksley West (Secretary)	$156,139	$0	$977
Mr William Gray (President & Ceo (Former))	$150,000	$0	$8,525
Mr Fred D Mitchell (Regional Development Director Ny)	$148,237	$0	$21,659
Mr William F Stasior (Chair Of The Board)	$0	$0	$0
Mr Alfred G Goldstein (Vice Chair)	$0	$0	$0
Ms Tamara Harris Robinson (Vice Chair)	$0	$0	$0
Dr Larry L Earvin (Vice Chair)	$0	$0	$0
Dr David H Swinton (Vice Chair)	$0	$0	$0
Mr James Dimon (Vice President)	$0	$0	$0
Mr Robert Druskin (Treasurer)	$0	$0	$0
Dr David L Beckley (Board Member)	$0	$0	$0
Ms Carolyn House Stewart (Board Member)	$0	$0	$0
Dr Haywood L Strickland (Board Member)	$0	$0	$0
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990

Filed on Aug. 15, 2014

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing

Schedules ▼

PDF XML

990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

PDF

Fiscal Year Ending March
2013

Revenue

$200,582,859

Expenses

$161,468,500

Net Income

$39,114,359

Net Assets

$698,193,691

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$171,153,743	85.3%
Program Services	$0
Investment Income	$28,744,903	14.3%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$38,369	0.0%
Net Fundraising	$0
Sales of Assets	$645,844	0.3%
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$3,578,454	2.2%
Professional Fundraising Fees	$0
Other Salaries and Wages	$10,465,919	6.5%

Assets/Debt
Total Assets	$1,051,445,397
Total Liabilities	$353,251,706
Net Assets	$698,193,691

990

Filed on Jan. 31, 2014

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing

Schedules ▼

PDF XML

990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

PDF

Fiscal Year Ending March
2012

Revenue

$208,284,715

Expenses

$166,996,857

Net Income

$41,287,858

Net Assets

$629,457,015

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$164,034,319	78.8%
Program Services	$0
Investment Income	$34,772,302	16.7%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$9,478,094	4.6%
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$1,433,747	0.9%
Professional Fundraising Fees	$0
Other Salaries and Wages	$12,464,715	7.5%

Assets/Debt
Total Assets	$1,166,608,507
Total Liabilities	$537,151,492
Net Assets	$629,457,015

990

PDF

Fiscal Year Ending March
2002

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

About This Data

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

Which Organizations Are Here?

Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

Get the Data

For those interested in acquiring the original data from the source, here’s where our data comes from:

Raw filing data. Includes EINs and summary financials as structured data.
Exempt Organization profiles. Includes organization names, addresses, etc. You can merge this with the raw filing data using EIN numbers.
Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica. Bulk PDF downloads since 2017 are available from the IRS.
Form 990 documents as XML files. Includes complete filing data (financial details, names of officers, tax schedules, etc.) in machine-readable format. Only available for electronically filed documents. Electronic data released prior to October 2021 is also available through Amazon Web Services.
Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

API

The data powering this website is available programmatically, via an API. Read the API documentation »

By Andrea Suozzo, Alec Glassford and Ash Ngu, ProPublica, and Brandon Roberts, Special to ProPublica.
Design by Jeff Frankl. Additional development by Ken Schwencke, Mike Tigas, and Sisi Wei.

E-file viewer adapted from IRS e-File Viewer by Ben Getson. Code for scraping audit documents adapated from Govwiki.

Updated December 20, 2024

United Negro College Fund Inc

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $361M (2023)

Expenses $171M (2023)

Total Assets $849M (2023)

Total Liabilities $76.7M (2023)

Tax Filings by Year

Fiscal Year Ending March 2023

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

990-T

Fiscal Year Ending March 2022

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending March 2021

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

990-T

Fiscal Year Ending March 2020

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2019

No Extracted Financial Data

Document Links

990-T

Fiscal Year Ending March 2019

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2018

No Extracted Financial Data

Document Links

990-T

Fiscal Year Ending March 2018

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

990-T

Fiscal Year Ending March 2017

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

990-T

Fiscal Year Ending March 2016

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

990-T

Fiscal Year Ending March 2015

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

990-T

Fiscal Year Ending March 2014

Extracted Financial Data

Extracted Financial Data from Form 990

Revenue

$361M (2023)

Expenses

$171M (2023)

Total Assets

$849M (2023)

Total Liabilities

$76.7M (2023)

Fiscal Year Ending March
2023

Fiscal Year Ending March
2022

Fiscal Year Ending March
2021

Fiscal Year Ending March
2020

Fiscal Year Ending Dec.
2019

Fiscal Year Ending March
2019

Fiscal Year Ending Dec.
2018

Fiscal Year Ending March
2018

Fiscal Year Ending March
2017

Fiscal Year Ending March
2016

Fiscal Year Ending March
2015

Fiscal Year Ending March
2014

Fiscal Year Ending March
2013

Fiscal Year Ending March
2012

Fiscal Year Ending March
2011

Fiscal Year Ending March
2010

Fiscal Year Ending March
2009

Fiscal Year Ending March
2008

Fiscal Year Ending March
2007

Fiscal Year Ending March
2006

Fiscal Year Ending March
2005

Fiscal Year Ending March
2004

Fiscal Year Ending March
2003

Fiscal Year Ending March
2002