Nonprofit · EIN 23-7434499
PAINE COLLEGE
Tax-exempt · AUGUSTA, GA 30901
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $15,715,830 | $16,385,083 | -$669,253 | $38,824,269 | $22,242,190 | $16,582,079 |
| June 30, 2024 | 990 | $13,684,610 | $14,875,757 | -$1,191,147 | $36,913,873 | $21,058,049 | $15,855,824 |
| June 30, 2023 | 990 | $12,450,981 | $13,237,853 | -$786,872 | $37,000,346 | $20,004,232 | $16,996,114 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $7,091,389
- of which government grants
- $4,682,249
- Program service revenue
- $7,130,095
- Investment income
- $456,119
- Other revenue
- $1,038,227
Expenses
- Grants and similar amounts paid
- $1,353,028
- Compensation of officers, directors and key employees
- $303,107
- Salaries, compensation and benefits (total)
- $303,107
- Professional fundraising fees
- $0
- Program services (functional)
- $11,248,289
- Management and general (functional)
- $5,136,794
Balance sheet and other
- Total assets, start of year
- $36,913,873
- Total assets, end of year
- $38,824,269
- Total liabilities, end of year
- $22,242,190
- Net assets, end of year
- $16,582,079
- Land, buildings and equipment
- $24,632,180
- Publicly traded securities
- $2,611,240
- Net assets without donor restrictions
- $9,925,323
- Net assets with donor restrictions
- $6,656,756
- Gross receipts
- $15,715,830
- Employees
- 300
- Volunteers
- 30
- Year formed
- 1905
- State of legal domicile
- GA
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 June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Mr Lester McCorn | President Trustee or director, Officer | 40 | $121,567 |
| Mr Leroy Summers Jr | Vice President of Administration and Fiscal Affairs Officer | 40 | $110,014 |
| Ms Helene Carter | Vice President of Institutional Advancement Officer | 40 | $71,526 |
| Ms Barbara E Bouknight | Trustee Trustee or director | 1 | $0 |
| Ms Sharyn Doanes-Bergin | Trustee Trustee or director | 1 | $0 |
| Reverend James Cason | Trustee Trustee or director | 1 | $0 |
| Dr Carmichael Crutchfield | Secretary Trustee or director, Officer | 1 | $0 |
| Dr Lenalda R Corley | Trustee Trustee or director | 1 | $0 |
| Mr J R Henderson | Trustee Trustee or director | 1 | $0 |
| Dr Barbara Burns Hall | Trustee Trustee or director | 1 | $0 |
| Dr Charles G Larke | Trustee Trustee or director | 1 | $0 |
| Mr Adams Roberts | Trustee Trustee or director | 1 | $0 |
| Reverend Jerry D Woodfork Sr | Trustee Trustee or director | 1 | $0 |
| Mr Okoroafor Nzeh | Trustee Trustee or director | 1 | $0 |
| Mr Michael L Thurmond | Chair Trustee or director, Officer | 1 | $0 |
12 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Reverend Dr Tyrone Davis | Trustee Trustee or director | 1 | $0 |
| Bishop Sue Haupert-Johnson | Trustee Trustee or director | 1 | $0 |
| Reverend John Thompson | Trustee Trustee or director | 1 | $0 |
| Bishop Thomas L Brown Sr | Chair-Elect Trustee or director, Officer | 1 | $0 |
| Dr Lester G Jackson | Vice Chair Trustee or director, Officer | 1 | $0 |
| Ms Robin Dease | Trustee Trustee or director | 1 | $0 |
| Mr David Graves | Trustee Trustee or director | 1 | $0 |
| Mr Derrick Gross | Trustee Trustee or director | 1 | $0 |
| Mr Melvin W Lindsey | Trustee Trustee or director | 1 | $0 |
| Ms Tomekia Starks | Trustee Trustee or director | 1 | $0 |
| Ms Jacqueline I Scott | Trustee Trustee or director | 1 | $0 |
| Mr Victor Taylor | Trustee Trustee or director | 1 | $0 |
990 for the year ended June 30, 2024: 29 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Dr Cheryl Evans-Jones | President Trustee or director, Officer | 40 | $139,119 |
| Mr Leroy Summers Jr | Vice President of Administration and Fiscal Affairs Officer | 40 | $110,013 |
| Ms Marci Middleton | Interim Vice President of Academic Affairs Officer | 40 | $99,347 |
| Ms Helene Carter | Vice President of Institutional Advancement Officer | 40 | $69,442 |
| Dr Curtis Martin | Provost/Vice President of Academic Affairs Officer | 40 | $18,001 |
| Ms Barbara E Bouknight | Trustee Trustee or director | 1 | $0 |
| Ms Sharyn Doanes-Bergin | Trustee Trustee or director | 1 | $0 |
| Reverend James Cason | Trustee Trustee or director | 1 | $0 |
| Dr Carmichael Crutchfield | Secretary Trustee or director, Officer | 1 | $0 |
| Dr Lenalda R Corley | Trustee Trustee or director | 1 | $0 |
| Mr J R Henderson | Trustee Trustee or director | 1 | $0 |
| Dr Barbara Burns Hall | Trustee Trustee or director | 1 | $0 |
| Dr Charles G Larke | Trustee Trustee or director | 1 | $0 |
| Mr Adams Roberts | Trustee Trustee or director | 1 | $0 |
| Reverend Jerry D Woodfork Sr | Trustee Trustee or director | 1 | $0 |
| Mr Okoroafor Nzeh | Trustee Trustee or director | 1 | $0 |
| Mr Michael L Thurmond | Chair Trustee or director, Officer | 1 | $0 |
| Reverend Dr Tyrone Davis | Trustee Trustee or director | 1 | $0 |
| Bishop Sue Haupert-Johnson | Trustee Trustee or director | 1 | $0 |
| Reverend John Thompson | Trustee Trustee or director | 1 | $0 |
| Bishop Thomas L Brown Sr | Chair-Elect Trustee or director, Officer | 1 | $0 |
| Dr Lester G Jackson | Vice Chair Trustee or director, Officer | 1 | $0 |
| Ms Robin Dease | Trustee Trustee or director | 1 | $0 |
| Mr David Graves | Trustee Trustee or director | 1 | $0 |
| Mr Derrick Gross | Trustee Trustee or director | 1 | $0 |
| Mr Melvin W Lindsey | Trustee Trustee or director | 1 | $0 |
| Ms Tomekia Starks | Trustee Trustee or director | 1 | $0 |
| Ms Jacqueline I Scott | Trustee Trustee or director | 1 | $0 |
| Mr Victor Taylor | Trustee Trustee or director | 1 | $0 |
990 for the year ended June 30, 2023: 29 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Dr Cheryl Evans-Jones | President Trustee or director, Officer | 40 | $134,788 |
| Mr Leroy Summers Jr | Vice President of Administration and Fiscal Affairs Officer | 40 | $110,012 |
| Ms Marci Middleton | Interim Vice President of Academic Affairs Officer | 40 | $102,242 |
| Ms Helene Carter | Vice President of Institutional Advancement Officer | 40 | $68,988 |
| Dr Curtis Martin | Provost/Vice President of Academic Affairs Officer | 40 | $24,000 |
| Ms Barbara E Bouknight | Trustee Trustee or director | 1 | $0 |
| Ms Sharyn Doanes-Bergin | Trustee Trustee or director | 1 | $0 |
| Reverend James Cason | Trustee Trustee or director | 1 | $0 |
| Dr Carmichael Crutchfield | Secretary Trustee or director, Officer | 1 | $0 |
| Dr Lenalda R Corley | Trustee Trustee or director | 1 | $0 |
| Mr J R Henderson | Trustee Trustee or director | 1 | $0 |
| Dr Barbara Burns Hall | Trustee Trustee or director | 1 | $0 |
| Dr Charles G Larke | Trustee Trustee or director | 1 | $0 |
| Reverend Michael McCord | Trustee Trustee or director | 1 | $0 |
| Reverend Jerry D Woodfork Sr | Trustee Trustee or director | 1 | $0 |
| Dr William Lawless | Trustee/Faculty Representative Trustee or director | 1 | $0 |
| Mr Michael L Thurmond | Chair Trustee or director, Officer | 1 | $0 |
| Reverend Dr Tyrone Davis | Trustee Trustee or director | 1 | $0 |
| Bishop Sue Haupert-Johnson | Trustee Trustee or director | 1 | $0 |
| Reverend John Thompson | Trustee Trustee or director | 1 | $0 |
| Bishop Thomas L Brown Sr | Chair-Elect Trustee or director, Officer | 1 | $0 |
| Dr Lester G Jackson | Vice Chair Trustee or director, Officer | 1 | $0 |
| Reverend Willie Wiley | Trustee Trustee or director | 1 | $0 |
| Mr David Graves | Trustee Trustee or director | 1 | $0 |
| Mr Derrick Gross | Trustee Trustee or director | 1 | $0 |
| Mr Melvin W Lindsey | Trustee Trustee or director | 1 | $0 |
| Mr Greg Porterfield | Trustee Trustee or director | 1 | $0 |
| Ms Jacqueline I Scott | Trustee Trustee or director | 1 | $0 |
| Mr Victor Taylor | Trustee Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 1235 15TH ST, AUGUSTA, GA 30901-3105
- In care of
- % DR SAMUEL SULLIVAN
- Principal officer (990 for 2024)
- Willie Hughey, 1235 Fifteenth Street, Augusta, GA 30901
- Signed the 990
- Willie Hughey, CFO
- Phone
- (706) 821-8200
- Website
- www.paine.edu
- Return prepared by
- The Wesley Peachtree Group CPAs
Mission
To provide a liberal arts education of the highest quality that emphasizes academic excellence, ethical and spiritual values, social responsibility, and personal development to prepare men and women for positions of leadership and service in the African American community, the nation, and the world.
Program accomplishments
- To sustain a learning community in which students can prepare academically, socially and spiritually for leadership in a complex, diverse and rapidly changing world.Expenses $7,892,277 · grants $1,353,028 · revenue $5,401,621
- Auxiliary Enterprises support the Colleges mission of providing quality educational opportunities. These services include, but are not limited to food services, campus housing, postal services, parking, vending, campus stores and athletics.Expenses $3,356,012 · revenue $1,728,474
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 June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 23-7434499
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- School
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1976
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B420)
- Assets (IRS master file)
- $38,824,269
- Income (IRS master file)
- $15,715,830
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $15,715,830 | $16,385,083 | $38,824,269 | IRS |
| 990 | June 2024 | $13,684,610 | $14,875,757 | $36,913,873 | IRS |
| 990 | June 2023 | $12,450,981 | $13,237,853 | $37,000,346 | XML |
| 990 | June 2022 | $15,043,450 | $13,772,542 | $37,921,402 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | 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 23-7434499).
Questions about PAINE COLLEGE
- What is the EIN of PAINE COLLEGE?
- The employer identification number (EIN) of PAINE COLLEGE is 23-7434499.
- Is PAINE COLLEGE tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1976.
- Are donations to PAINE COLLEGE tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does PAINE COLLEGE 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 PAINE COLLEGE due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did PAINE COLLEGE last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of PAINE COLLEGE?
- The 990 for the year ended June 30, 2025 names Willie Hughey.
- Who are the officers and directors of PAINE COLLEGE?
- The 990 for the year ended June 30, 2025 lists 27 people; 3 received compensation from the organization, the highest $121,567 (Mr Lester McCorn, President).
- How much revenue does PAINE COLLEGE have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $15,715,830, expenses of $16,385,083 and total assets of $38,824,269 at year end.
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