UNITED NEGRO COLLEGE FUND INC Charity Report

Public IRS 990 nonprofit record

UNITED NEGRO COLLEGE FUND INC

EIN 13-1624241 · Education (B820)

What they do

to ENSURE ALL AMERICANS HAVE EQUAL ACCESS to A COLLEGE EDUCATION THAT PREPARES (SEE SCHEDULE O) THEM for RICH INTELLECTUAL LIVES, COMPETITIVE and FULFILLING CAREERS, ENGAGED CITIZENSHIP and SERVICE to OUR NATION.UNCF HAS HELPED MORE THAN 500,000 STUDENTS EARN THEIR COLLEGE DEGREES SINCE ITS FOUNDING IN 1944. UNCF is THE NATIONS LARGEST PRIVATE SCHOLARSHIP PROVIDER to MINORITY GROUP MEMBERS. EACH YEAR, WE AWARD MORE THAN $100 MILLION IN SCHOLARSHIPS to STUDENTS ATTENDING MORE THAN 1,100 SCHOOLS ACROSS THE COUNTRY, INCLUDING OUR PRESTIGIOUS NETWORK of 37 MEMBER HBCUS. UNCF MEMBER HBCUS ARE KNOWN for THEIR ACHIEVEMENTS - AWARDING UNDERGRADUATE and GRADUATED DEGREES - PROVIDING IMPRESSIVE RESULTS THROUGH RESEARCH and PROMOTING ECONOMIC BENEFITS THAT YIELD MAJOR IMPACT for THEIR COMMUNITIES, REGIONS, STATES, THE NATION, and THE WORLD.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $78.70 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders48 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

90.87%of revenue went to mission work78.7% of expenses · Program services

14.71%of revenue went to fundraising12.7% of expenses

$115.47spent for every $100 of revenueSpending was higher than revenue this year.

9.90%of revenue went to management and office costs8.6% of expenses

$4.86in assets for every $1 spent this yearSome assets cannot be spent right away.

84.8%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Worth asking: Expenses exceeded revenue by $24,590,545 this year. Ask whether that was planned or caused by a one-time event.

Pay context: The highest compensation shown in this filing is $1,423,381 for DR MICHAEL L LOMAX (PRESIDENT & CEO). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$158,921,384

Mission workProgram services$144,405,57490.87% of revenue78.7% of expenses

ManagementOffice and general costs$15,731,8429.90% of revenue8.6% of expenses

FundraisingAsking for donations$23,374,51314.71% of revenue12.7% of expenses

Total expenses$183,511,929115.47% of revenue

Expenses were greater than revenue, so the colored ring fills the available $100 and the total above 100% is shown below.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2024CurrentExpense mix: 78.7% mission · 8.6% management · 12.7% fundraisingTotal expenses: 115.47% of revenue

2023Expense mix: 83.4% mission · 5.9% management · 10.8% fundraisingTotal expenses: 77.72% of revenue

2022Expense mix: 85.1% mission · 4.0% management · 10.9% fundraisingTotal expenses: 47.45% of revenue

2021Expense mix: 87.6% mission · 3.7% management · 8.7% fundraisingTotal expenses: 86.35% of revenue

2020Expense mix: 88.5% mission · 4.0% management · 7.5% fundraisingTotal expenses: 78.31% of revenue

2019Expense mix: 87.4% mission · 4.2% management · 8.3% fundraisingTotal expenses: 177.10% of revenue

2018Expense mix: 87.9% mission · 3.7% management · 8.4% fundraisingTotal expenses: 215.32% of revenue

2017Expense mix: 88.3% mission · 3.8% management · 8.0% fundraisingTotal expenses: 192.35% of revenue

Money in and money out

Revenue$158,921,384

Expenses$183,511,929

Annual shortfall $24,590,545 Expenses were higher than revenue for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$144,405,574 · 78.7% of expenses

Management and office costs$15,731,842 · 8.6% of expenses

Fundraising$23,374,513 · 12.7% of expenses

See all reported dollar amounts

Revenue$158,921,384

Expenses$183,511,929

Assets$892,426,921

Income$536,334,191

Contributions$134,733,831

Mission work (program services)$144,405,574

Fundraising$23,374,513

Grants given$643,457,033

Average grant$1,608,643

Management and general$15,731,842

Stocks and bonds$211,188,989

Accounting fees$400,609

Investing fees$1,081,935

People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation

DR MICHAEL L LOMAXPRESIDENT & CEO · 50 hrs/week $1,423,381Base $1,304,933 · Other $118,448

MR MAURICE JENKINSEVP & CHIEF DEVELOPMENT OFFICER · 50 hrs/week $821,341Base $710,668 · Other $110,673

MR EARLY REESECOO · 50 hrs/week $714,224Base $579,321 · Other $134,903

MR MARC A BARNESSVP, PRINCIPAL GIFTS & STRATEGY · 50 hrs/week $600,933Base $499,745 · Other $101,188

MS LAJUAN LYLESEVP, PEOPLE & CULTURE · 50 hrs/week $525,037Base $418,495 · Other $106,542

MR LAWRENCE GRIFFITH JREVP, SCHOLARSHIPS & PROGRAMS · 50 hrs/week $453,676Base $417,250 · Other $36,426

MR LODRIGUEZ MURRAYSVP, PUBLIC POLICY & GOV. AFFAIRS · 50 hrs/week $438,313Base $354,002 · Other $84,311

MS DESIREE C BOYKINSVP, GENERAL COUNSEL & SECRETARY · 50 hrs/week $373,374Base $324,479 · Other $48,895

MR ROBERT RUCKERSVP, CIO, ENTERPRISE TECHNOLOGY · 50 hrs/week $357,963Base $331,944 · Other $26,019

MS GENET A YILMASVP, ACCT & FINANCE, ASST TREASURER · 50 hrs/week $353,574Base $322,803 · Other $30,771

MS PAULETTE JACKSONSVP, NATIONAL DEVELOPMENT · 50 hrs/week $351,918Base $321,527 · Other $30,391

MS THERESE BADONSVP, DEV NORTHERN DIVISION · 50 hrs/week $345,635Base $308,402 · Other $37,233

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (48)

DR MICHAEL L LOMAXPRESIDENT & CEO

MR MAURICE JENKINSEVP & CHIEF DEVELOPMENT OFFICER

MR EARLY REESECOO

MR MARC A BARNESSVP, PRINCIPAL GIFTS & STRATEGY

MS LAJUAN LYLESEVP, PEOPLE & CULTURE

MR LAWRENCE GRIFFITH JREVP, SCHOLARSHIPS & PROGRAMS

MR LODRIGUEZ MURRAYSVP, PUBLIC POLICY & GOV. AFFAIRS

MS DESIREE C BOYKINSVP, GENERAL COUNSEL & SECRETARY

MR ROBERT RUCKERSVP, CIO, ENTERPRISE TECHNOLOGY

MS GENET A YILMASVP, ACCT & FINANCE, ASST TREASURER

MS PAULETTE JACKSONSVP, NATIONAL DEVELOPMENT

MS THERESE BADONSVP, DEV NORTHERN DIVISION

MS AKOSUA ALISVP STRATEGIC INITIATIVES

MR SEKOU BIDDLESVP, ADVOCACY & STUDENT DEV.

MR ARMANI B SCOTTASST GENERAL COUNSEL & SECRETARY

MR JOHN HENRYEVP, CFO & TREASURER

MS KIERA J LINDSAYASST GENERAL COUNSEL & SECRETARY

DR GLENELL M LEE-PRUITTINSTITUTIONAL DIRECTOR

DR ANTHONY J DAVISINSTITUTIONAL DIRECTOR

MR TERRY WOODARDBOARD MEMBER

MR VLADIMIR GALIOTHEBOARD MEMBER

MR WILLIAM F STASIORBOARD MEMBER

MR ALOYSIUS MCLAUGHLINBOARD MEMBER

MS CELIA A COLBERTBOARD MEMBER

MS DANETTE ANTHONY REEDBOARD MEMBER

DR HERMAN J FELTON JRINSTITUTIONAL DIRECTOR

MS TARA PARKERBOARD MEMBER

DR GEORGE T FRENCH JRVICE CHAIR/INSTITUTIONAL DIRECTOR

MS LASONJA SCOTTBOARD MEMBER

MS LAURIE READHEADBOARD MEMBER

DR DWIGHT J FENNELLINSTITUTIONAL DIRECTOR

MS RHONDA MORRISBOARD MEMBER

MR SAFROADU YEBOAH-AMANKWAHBOARD MEMBER

DR MELVA K WALLACEINSTITUTIONAL DIRECTOR

MR PAUL GAMABOARD MEMBER

MR MILTON H JONES JRCHAIR OF THE BOARD

DR PAULETTE DILLARDINSTITUTIONAL DIRECTOR

MR MARCUS PURTYBOARD MEMBER

DR RONNIE HOPKINSINSTITUTIONAL DIRECTOR

DR SUZANNE E WALSHINSTITUTIONAL DIRECTOR

DR YOLANDA W PAGEINSTITUTIONAL DIRECTOR

MR KIETH COCKRELLBOARD MEMBER

MR KENNETH B MEHLMANBOARD MEMBER

MR GREGORY G CUNNINGHAMBOARD MEMBER

MR GERALD JOHNSONBOARD MEMBER

MR ALFRED G GOLDSTEINVICE CHAIR

MR DAVID SABLEBOARD MEMBER

MR BEN MINICUCCIBOARD MEMBER

About this charity

Recognized since: January 2004
Location: 1805 7TH STREET NW, WASHINGTON, DC 20001-3186
County: District of Columbia
In care of: % SETH BARDU
Primary officer: JOHN HENRY, CFO

How to reach them

WebsiteVisit the charity’s website Phone(202) 810-0274

Filing and classification

Latest tax year: 2024
Tax period began: April 1, 2024
Return type: 990
Tax preparer: KPMG LLP
NTEE classification: Education (B820)
Grant-giving organization: Yes