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Nonprofit · EIN 13-1624241

UNITED NEGRO COLLEGE FUND INC

Tax-exempt · WASHINGTON, DC 20001

Financials

$250.9M$195M2023$158.9M$183.5M2024
Revenue Expenses · by fiscal year end
Financials of UNITED NEGRO COLLEGE FUND INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
March 31, 2025990$158,921,384$183,511,929-$24,590,545$892,426,921$56,637,648$835,789,273
March 31, 2024990$250,935,174$195,036,675$55,898,499$917,027,785$67,568,374$849,459,411
Financial details: 990 for the year ended March 31, 2025

Revenue

Contributions, gifts and grants
$134,733,831
Program service revenue
$16,000
Investment income
$24,171,553
Net gain from sales of assets
$4,912,285
Other revenue
$0

Expenses

Grants and similar amounts paid
$94,710,549
Compensation of officers, directors and key employees
$4,559,359
Other salaries and wages
$29,349,814
Salaries, compensation and benefits (total)
$42,007,588
Professional fundraising fees
$24,000
Legal fees
$655,288
Accounting fees
$400,609
Occupancy
$2,307,073
Travel
$3,965,692
Depreciation
$1,048,570
Program services (functional)
$144,405,574
Management and general (functional)
$15,731,842
Fundraising (functional)
$23,374,513

Balance sheet and other

Total assets, start of year
$917,027,785
Total assets, end of year
$892,426,921
Total liabilities, end of year
$56,637,648
Net assets, end of year
$835,789,273
Land, buildings and equipment
$34,880,146
Publicly traded securities
$211,188,989
Net assets without donor restrictions
$60,787,593
Net assets with donor restrictions
$775,001,680
Gross unrelated business income
-$41,191
Gross receipts
$536,334,191
Employees
360
Volunteers
2,755
Year formed
1944
State of legal domicile
NY

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended March 31, 2025, highest compensation first.

NameTitleHours / weekCompensationOther / benefits
DR MICHAEL L LOMAXPRESIDENT & CEO
Officer
50$1,304,933$118,448
MR MAURICE JENKINSEVP & CHIEF DEVELOPMENT OFFICER
Key employee
50$710,668$110,673
MR EARLY REESECOO
Key employee
50$579,321$134,903
MR MARC A BARNESSVP, PRINCIPAL GIFTS & STRATEGY
Highest-paid employee
50$499,745$101,188
MS LAJUAN LYLESEVP, PEOPLE & CULTURE
Key employee
50$418,495$106,542
MR LAWRENCE GRIFFITH JREVP, SCHOLARSHIPS & PROGRAMS
Key employee
50$417,250$36,426
MR LODRIGUEZ MURRAYSVP, PUBLIC POLICY & GOV. AFFAIRS
Highest-paid employee
50$354,002$84,311
MS DESIREE C BOYKINSVP, GENERAL COUNSEL & SECRETARY
Officer
50$324,479$48,895
MR ROBERT RUCKERSVP, CIO, ENTERPRISE TECHNOLOGY
Highest-paid employee
50$331,944$26,019
MS GENET A YILMASVP, ACCT & FINANCE, ASST TREASURER
Officer
50$322,803$30,771
MS PAULETTE JACKSONSVP, NATIONAL DEVELOPMENT
Highest-paid employee
50$321,527$30,391
MS THERESE BADONSVP, DEV NORTHERN DIVISION
Officer
50$308,402$37,233
MS AKOSUA ALISVP STRATEGIC INITIATIVES
Highest-paid employee
50$275,000$27,243
MR SEKOU BIDDLESVP, ADVOCACY & STUDENT DEV.
Highest-paid employee
50$252,823$1,712
MR ARMANI B SCOTTASST GENERAL COUNSEL & SECRETARY
Officer
50$170,950$22,610
33 more people on this return
NameTitleHours / weekCompensationOther / benefits
MR JOHN HENRYEVP, CFO & TREASURER
Officer
50$186,054$4,951
MS KIERA J LINDSAYASST GENERAL COUNSEL & SECRETARY
Officer
50$124,410$8,332
MR MILTON H JONES JRCHAIR OF THE BOARD
Trustee or director, Officer
9.6$0$0
DR GEORGE T FRENCH JRVICE CHAIR/INSTITUTIONAL DIRECTOR
Trustee or director, Officer
0.75$0$0
MR ALFRED G GOLDSTEINVICE CHAIR
Trustee or director, Officer
0.75$0$0
MR KIETH COCKRELLBOARD MEMBER
Trustee or director
0.5$0$0
MS CELIA A COLBERTBOARD MEMBER
Trustee or director
1.25$0$0
MR GREGORY G CUNNINGHAMBOARD MEMBER
Trustee or director
0.5$0$0
MR VLADIMIR GALIOTHEBOARD MEMBER
Trustee or director
0.5$0$0
MR PAUL GAMABOARD MEMBER
Trustee or director
0.5$0$0
MR GERALD JOHNSONBOARD MEMBER
Trustee or director
0.5$0$0
MR ALOYSIUS MCLAUGHLINBOARD MEMBER
Trustee or director
0.75$0$0
MR KENNETH B MEHLMANBOARD MEMBER
Trustee or director
0.5$0$0
MR BEN MINICUCCIBOARD MEMBER
Trustee or director
0.5$0$0
MS RHONDA MORRISBOARD MEMBER
Trustee or director
0.5$0$0
MS TARA PARKERBOARD MEMBER
Trustee or director
0.5$0$0
MR MARCUS PURTYBOARD MEMBER
Trustee or director
0.5$0$0
MS LAURIE READHEADBOARD MEMBER
Trustee or director
0.5$0$0
MS DANETTE ANTHONY REEDBOARD MEMBER
Trustee or director
0.5$0$0
MR DAVID SABLEBOARD MEMBER
Trustee or director
0.5$0$0
MS LASONJA SCOTTBOARD MEMBER
Trustee or director
0.5$0$0
MR WILLIAM F STASIORBOARD MEMBER
Trustee or director
2.5$0$0
MR TERRY WOODARDBOARD MEMBER
Trustee or director
0.5$0$0
MR SAFROADU YEBOAH-AMANKWAHBOARD MEMBER
Trustee or director
0.5$0$0
DR ANTHONY J DAVISINSTITUTIONAL DIRECTOR
Trustee or director
0.5$0$0
DR PAULETTE DILLARDINSTITUTIONAL DIRECTOR
Trustee or director
0.5$0$0
DR HERMAN J FELTON JRINSTITUTIONAL DIRECTOR
Trustee or director
0.5$0$0
DR DWIGHT J FENNELLINSTITUTIONAL DIRECTOR
Trustee or director
0.5$0$0
DR RONNIE HOPKINSINSTITUTIONAL DIRECTOR
Trustee or director
0.5$0$0
DR GLENELL M LEE-PRUITTINSTITUTIONAL DIRECTOR
Trustee or director
0.5$0$0
DR YOLANDA W PAGEINSTITUTIONAL DIRECTOR
Trustee or director
0.5$0$0
DR MELVA K WALLACEINSTITUTIONAL DIRECTOR
Trustee or director
0.5$0$0
DR SUZANNE E WALSHINSTITUTIONAL DIRECTOR
Trustee or director
0.5$0$0
990 for the year ended March 31, 2024: 50 people
NameTitleHours / weekCompensationOther / benefits
DR MICHAEL L LOMAXPRESIDENT & CEO
Officer
50$924,674$59,611
MR EARLY REESECOO
Key employee
50$765,813$134,662
MR MAURICE E JENKINS JREVP & CHIEF DEVELOPMENT OFFICER
Key employee
50$457,936$104,548
MS LAJUAN LYLESSVP, HR & ADMINISTRATION
Key employee
50$396,114$83,782
MR LAWRENCE GRIFFITH JRSVP, SCHOLARSHIPS & PROGRAM
Key employee
50$395,182$30,961
MR LODRIGUEZ MURRAYVP. GOVERNMENT AFFAIRS
Highest-paid employee
50$335,106$78,983
MS DESIREE C BOYKINVP GENERAL COUNSEL & SECRETARY
Officer
50$341,888$47,358
MR SETH BARDUSVP, CFO & TREASURER
Officer
50$321,449$36,195
MR MARC A BARNESSVP, PRINCIPAL GIFTS & STRATEGIC IMPACT
Highest-paid employee
50$300,035$52,286
MR DIEGO AVILESVP. DEV NORTHERN DIVISION
Highest-paid employee
50$299,840$48,417
MS PAULETTE JACKSONVP DEV. HEADQUARTER DIVISION
Highest-paid employee
50$313,645$28,019
MR ROBERT RUCKERVP, RESEARCH & MEMBER ENGA
Highest-paid employee
50$310,008$25,918
MS GENET YILMASVP, FINANCE & ACCOUNTING
Officer
50$270,108$22,600
MR ARMANI B SCOTTASSISTANT GENERAL COUNSEL
Officer
50$169,197$12,588
MS KIERA J LINDSAYASSISTANT SECRETARY
Officer
50$121,672$630
MR MILTON H JONES JRCHAIR OF THE BOARD
Trustee or director, Officer
9.6$0$0
DR GEORGE T FRENCH JRVICE CHAIR/INST. DIRECTOR
Trustee or director, Officer
1.5$0$0
MR ALFRED G GOLDSTEINVICE CHAIR
Trustee or director, Officer
0.75$0$0
MR KIETH COCKRELLBOARD MEMBER
Trustee or director
0.5$0$0
MS CELIA A COLBERTBOARD MEMBER
Trustee or director
1.25$0$0
MR GREGORY G CUNNINGHAMBOARD MEMBER
Trustee or director
0.5$0$0
MR VLADIMIR GALIOTHEBOARD MEMBER
Trustee or director
0.5$0$0
MR PAUL GAMABOARD MEMBER
Trustee or director
0.5$0$0
MR GERALD JOHNSONBOARD MEMBER
Trustee or director
0.5$0$0
MR ALOYSIUS MCLAUGHLINBOARD MEMBER
Trustee or director
0.75$0$0
MR KENNETH B MEHLMANBOARD MEMBER
Trustee or director
0.5$0$0
MR BEN MINICUCCIBOARD MEMBER
Trustee or director
0.5$0$0
MS RHONDA MORRISBOARD MEMBER
Trustee or director
0.5$0$0
MS TARA PARKERBOARD MEMBER
Trustee or director
0.5$0$0
MS LAURIE READHEADBOARD MEMBER
Trustee or director
0.5$0$0
MS DANETTE ANTHONY REEDBOARD MEMBER
Trustee or director
0.5$0$0
MR DAVID SABLEBOARD MEMBER
Trustee or director
0.5$0$0
MS LASONJA SCOTTBOARD MEMBER
Trustee or director
0.5$0$0
MR WILLIAM F STASIORBOARD MEMBER
Trustee or director
2.5$0$0
MR TERRY WOODARDBOARD MEMBER
Trustee or director
0.5$0$0
MR SAFROADU YEBOAH-AMANKWAHBOARD MEMBER
Trustee or director
0.5$0$0
DR ANTHONY J DAVISINSTITUTIONAL DIRECTOR
Trustee or director
0.5$0$0
DR PAULETTE DILLARDINSTITUTIONAL DIRECTOR
Trustee or director
0.5$0$0
DR CHERYL EVANS-JONESINSTITUTIONAL DIRECTOR
Trustee or director
0.5$0$0
DR HERMAN J FELTON JRINSTITUTIONAL DIRECTOR
Trustee or director
0.5$0$0
DR DWIGHT J FENNELLINSTITUTIONAL DIRECTOR
Trustee or director
0.5$0$0
DR ROCHELLE FORDINSTITUTIONAL DIRECTOR
Trustee or director
0.5$0$0
DR HELENE D GAYLEINSTITUTIONAL DIRECTOR
Trustee or director
0.5$0$0
DR RONNIE HOPKINSINSTITUTIONAL DIRECTOR
Trustee or director
0.5$0$0
DR GLENELL M LEE-PRUITTINSTITUTIONAL DIRECTOR
Trustee or director
0.5$0$0
DR CHARLOTTE P MORRISINSTITUTIONAL DIRECTOR
Trustee or director
0.5$0$0
DR YOLANDA W PAGEINSTITUTIONAL DIRECTOR
Trustee or director
0.5$0$0
DR GREGORY J VINCENTINSTITUTIONAL DIRECTOR
Trustee or director
0.5$0$0
DR MELVA K WALLACEINSTITUTIONAL DIRECTOR
Trustee or director
0.5$0$0
DR SUZANNE E WALSHINSTITUTIONAL DIRECTOR
Trustee or director
0.5$0$0

Address and contacts

Address (IRS master file)
1805 7TH STREET NW, WASHINGTON, DC 20001-3186
In care of
% SETH BARDU
Principal officer (990 for 2024)
EARLY W REESE, 1805 7TH STREET NW, WASHINGTON, DC 20001
Signed the 990
JOHN HENRY, CFO
Phone
(202) 810-0274
Return prepared by
KPMG LLP

Mission

UNCF'S MISSION IS TO BUILD A ROBUST AND NATIONALLY-RECOGNIZED PIPELINE OF UNDER-REPRESENTED STUDENTS WHO, BECAUSE OF UNCF SUPPORT, BECOME HIGHLY-QUALIFIED COLLEGE GRADUATES AND TO ENSURE THAT OUR NETWORK OF MEMBER INSTITUTIONS IS A RESPECTED MODEL OF BEST (SEE SCHEDULE O) PRACTICE IN MOVING STUDENTS TO AND THROUGH COLLEGE.

990 for the year ended March 31, 2025

Program accomplishments

  • DIRECT PROGRAM EXPENDITURES RELATED TO DISBURSEMENTS OF SCHOLARSHIPS AND COSTS FOR EVALUATING ELIGIBILITY FOR SCHOLARSHIPS AND EXPENSES ASSOCIATED WITH PROVIDING TECHNICAL ASSISTANCE TO MEMBER SCHOOLS AND OTHER INSTITUTIONS.THE WORK OF UNCF'S GROWING PORTFOLIO OF SCHOLARSHIP PROGRAMS IS UNRIVALED AND INCLUDES A VARIETY OF SCHOLARSHIP PROGRAMS MANAGED BY UNCF, SUCH AS THE FUND II FOUNDATION UNCF STEM SCHOLARS PROGRAM, UNCF/KOCH SCHOLARS PROGRAM, K-12 EDUCATION FELLOWSHIP AND THE FREDERICK DOUGLASS BICENTENNIAL SCHOLARSHIP PROGRAM. THE PANDA CARES SCHOLARS PROGRAM HAS EXPANDED TO A THREE-YEAR RENEWABLE SCHOLARSHIP AWARD, AND THE FUND II STEM SCHOLARS PROGRAM COMPLETED ITS THIRD (SEE SCHEDULE O)COHORT, CONTINUING TO BUILD ON AN IMPRESSIVE RECORD OF STUDENT OUTCOMES. THE WALTON FELLOWS PROGRAM, AN EDUCATIONAL REFORM PROGRAM AIMED AT HELPING INFORM NEW EDUCATORS ON HOW TO IMPROVE THE K-12 EDUCATION SYSTEM FROM THE INSIDE OUT, CELEBRATED ITS 10TH YEAR. TOGETHER, THESE UNCF SCHOLARSHIP AND STUDENT PROFESSIONAL DEVELOPMENT (INTERNSHIP) PROGRAMS AS WELL AS DOZENS OF OTHER SCHOLARSHIPS, INTERNSHIPS, FELLOWSHIPS AND FACULTY DEVELOPMENT OPPORTUNITIES ADD UP TO SOME OF THE NEWEST, BEST, AND STRONGEST OFFERINGS UNCF HAS FOR STUDENTS AND EDUCATORS, WITH MUCH MORE TO COME. HELPING YOUNG PEOPLE, ESPECIALLY AFRICAN AMERICAN AND OTHER MINORITY STUDENTS, GET AN EDUCATION THAT STARTS ON THE FIRST DAY OF PRESCHOOL AND DOESN'T END UNTIL COLLEGE GRADUATION IS WHAT UNCF IS ALL ABOUT. A THREE-PILLAR STRATEGY GUIDES OUR MISSION: POSITIONING MEMBER INSTITUTIONS AS A VIABLE COLLEGE OPTION FOR STUDENTS AND INVESTING IN INSTITUTIONAL CAPACITY TO IMPROVE STUDENT OUTCOMES; CREATING TRANSFORMATIONAL SUPPORT PROGRAMS TO ENSURE STUDENTS ARE ENROLLING AND PERSISTING THROUGH COLLEGE COMPLETION; BUILDING AWARENESS OF EDUCATIONAL ATTAINMENT AND CULTIVATING COLLEGE-GOING BEHAVIORS WITHIN THE AFRICAN AMERICAN COMMUNITY. THE ONGOING RAPID RISE IN THE COST OF COLLEGE ATTENDANCE, THE INABILITY TO EARN FUNDS DURING THE COVID-19 PANDEMIC AND DECREASING FINANCIAL AID HAVE CAUSED MORE AND MORE STUDENTS TO APPLY TO UNCF FOR ASSISTANCE EACH YEAR. HOWEVER, WE CAN SUPPORT ONLY ONE OUT OF EVERY 10 STUDENTS WHO APPLIES. THESE STUDENTS ARE OUR FUTURE HEALTH PROFESSIONALS, SOCIAL WORKERS, TEACHERS, GOVERNMENT POLICY MAKERS, ENTREPRENEURS, BUSINESS LEADERS AND MILITARY MEN AND WOMEN - THEY ARE THE FUTURE PROSPERITY OF OUR NATION. WE THANK ALL DONORS, PAST AND CURRENT FOR THEIR FINANCIAL CONTRIBUTIONS AND VOLUNTEERISM AND HOPE NEW DONORS ARE INSPIRED TO SUPPORT UNCF'S WORTHY MISSION BY GIVING AS DEEPLY AS POSSIBLE BECAUSE "A MIND IS A TERRIBLE THING TO WASTE, BUT A WONDERFUL THING TO INVEST IN."
    Expenses $99,385,148 · grants $57,625,190
  • THE GATES MILLENNIUM SCHOLARS PROGRAM (GMSP) COVERS COST OF EDUCATION TO SUPPORT UNDERGRADUATE PROGRAMS FOR OUTSTANDING STUDENTS OF COLOR WITH SIGNIFICANT FINANCIAL NEED, AND THE COSTS THROUGH DOCTORAL DEGREES IN SEVEN TARGET DISCIPLINES FOR STUDENTS SELECTED AS GATES MILLENNIUM SCHOLARS. GMSP, THE MOST EXTENSIVE PROGRAM IN UNCF'S HISTORY, WAS AWARDED IN 1999 BY THE BILL AND MELINDA GATES FOUNDATION FOR $1.6 BILLION. THS 20-YEAR PROGRAM SUNSETS IN 2029.
    Expenses $16,175,163 · grants $13,074,301
  • DISTRIBUTIONS TO MEMBER INSTITUTIONS OF UNCF.
    Expenses $23,997,206 · grants $23,997,206
  • INSTITUTIONAL SERVICES PROVIDED TO MEMBER INSTITUTIONS OF UNCF AND OTHER PROGRAM SERVICES.
    Expenses $4,848,057 · grants $13,852 · revenue $16,000

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in March, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025March 31, 2026August 17, 2026Not on file
2024March 31, 2025August 15, 2025990 on file
2023March 31, 2024August 15, 2024990 on file

IRS record

EIN
13-1624241
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (170(b)(1)(A)(vi))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
2004
Accounting year ends
March
Files
Form 990 or 990-EZ
Category (NTEE)
Education (B820)
Assets (IRS master file)
$892,426,921
Income (IRS master file)
$536,334,191

Filing history

FormYear endedRevenueExpensesAssetsReturn
990March 2025$158,921,384$183,511,929$892,426,921XML
990-TMarch 2025–––IRS
990March 2024$250,935,174$195,036,675$917,027,785XML
990-TMarch 2024–––IRS
990March 2023$361,352,697$171,465,522$848,813,093IRS
990-TMarch 2023–––IRS
990March 2022$223,162,934$192,711,820$679,851,959IRS
990-TMarch 2022–––IRS
990March 2021–––IRS
990-TMarch 2021–––IRS
990March 2020–––IRS
990March 2019–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 13-1624241).

Questions about UNITED NEGRO COLLEGE FUND INC

What is the EIN of UNITED NEGRO COLLEGE FUND INC?
The employer identification number (EIN) of UNITED NEGRO COLLEGE FUND INC is 13-1624241.
Is UNITED NEGRO COLLEGE FUND INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2004.
Are donations to UNITED NEGRO COLLEGE FUND INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does UNITED NEGRO COLLEGE FUND INC file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of UNITED NEGRO COLLEGE FUND INC due?
The return for tax year 2025 (the year ending March 31, 2026) is due August 17, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did UNITED NEGRO COLLEGE FUND INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended March 2025.
Who is the principal officer of UNITED NEGRO COLLEGE FUND INC?
The 990 for the year ended March 31, 2025 names EARLY W REESE.
Who are the officers and directors of UNITED NEGRO COLLEGE FUND INC?
The 990 for the year ended March 31, 2025 lists 48 people; 17 received compensation from the organization, the highest $1,304,933 (DR MICHAEL L LOMAX, PRESIDENT & CEO).
How much revenue does UNITED NEGRO COLLEGE FUND INC have?
On its 990 for the year ended March 31, 2025 it reported revenue of $158,921,384, expenses of $183,511,929 and total assets of $892,426,921 at year end.

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