Nonprofit · EIN 59-0704726
BETHUNE-COOKMAN UNIVERSITY
Tax-exempt · DAYTONA BEACH, FL 32114
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $107,326,068 | $112,689,933 | -$5,363,865 | $230,094,684 | $101,940,956 | $128,153,728 |
| June 30, 2024 | 990 | $100,202,224 | $104,936,561 | -$4,734,337 | $227,841,850 | $99,896,282 | $127,945,568 |
| June 30, 2023 | 990 | $102,222,024 | $102,226,385 | -$4,361 | $231,294,562 | $103,564,021 | $127,730,541 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $35,174,594
- of which government grants
- $27,034,253
- Program service revenue
- $71,394,711
- Investment income
- $723,948
- Net rental income
- $13,100
- Net gain from sales of assets
- $201,196
- Other revenue
- $32,815
Expenses
- Grants and similar amounts paid
- $21,064,003
- Compensation of officers, directors and key employees
- $1,776,333
- Other salaries and wages
- $32,174,116
- Salaries, compensation and benefits (total)
- $39,758,085
- Professional fundraising fees
- $0
- Legal fees
- $454,486
- Accounting fees
- $256,314
- Occupancy
- $9,454,593
- Travel
- $3,917,116
- Depreciation
- $6,404,345
- Program services (functional)
- $93,766,086
- Management and general (functional)
- $17,079,161
- Fundraising (functional)
- $1,844,686
Balance sheet and other
- Total assets, start of year
- $227,841,850
- Total assets, end of year
- $230,094,684
- Total liabilities, end of year
- $101,940,956
- Net assets, end of year
- $128,153,728
- Land, buildings and equipment
- $148,170,576
- Publicly traded securities
- $45,888,112
- Net assets without donor restrictions
- $89,442,314
- Net assets with donor restrictions
- $38,711,414
- Gross receipts
- $107,921,917
- Employees
- 968
- Volunteers
- 10
- Year formed
- 1904
- State of legal domicile
- FL
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 | Other / benefits |
|---|---|---|---|---|
| REGINALD THEUS | ATHLETIC DIRECTOR/BASKETBALL COACH Key employee | 40 | $530,775 | $0 |
| DR WILLIAM BERRY | ACTING PRESIDENT/SR. VP Officer | 40 | $350,537 | $463 |
| DR KAREN BEARDON | EXECUTIVE VICE PRESIDENT & CHIEF OPERATING OFFICER Officer | 40 | $325,008 | $0 |
| DR DAWN L EASTMOND | DEAN COLLEGE OF SCIENCE ENGINEERING AND MATHEMATICS Highest-paid employee | 40 | $250,830 | $30,601 |
| RAYMOND WOODIE | HEAD FOOTBALL COACH Highest-paid employee | 40 | $248,958 | $1,042 |
| DR JAN A BOULWARE | DEAN COLLEGE OF ARTS AND HUMANITIES Highest-paid employee | 40 | $205,587 | $41,662 |
| JAMES A CLEVELAND | CHIEF INVESTMENT OFFICER/VP FISCAL AFFAIRS Officer | 40 | $206,713 | $2,938 |
| JARED BROOKS | ESQ. BOARD RELATIONS & GOVERNMENT AFFAIRS Highest-paid employee | 40 | $191,685 | $13,744 |
| VALENCIA GALLON- STUBBS | VP OF LEGAL AFFAIRS AND GENERAL COUNSEL Key employee | 40 | $160,587 | $36,912 |
| DR SANDRA TUCKER | DEAN COLLEGE OF NURSING AND HEALTH SCIENCES Highest-paid employee | 40 | $192,662 | $671 |
| DR CAMAILLE L SHEPARD | VP ENROLLMENT MANAGEMENT Key employee | 40 | $162,400 | $0 |
| JEFFERY E BRANCH | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| JENNIFER ADAMS | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| JOYOURS PETE GAMBLE | BOARD CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| ADM DAVID BREWER III | TRUSTEE Trustee or director | 1 | $0 | $0 |
6 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| COURTNEY RHODES | TRUSTEE Trustee or director | 1 | $0 |
| DERRICK SCOTT III | TRUSTEE Trustee or director | 1 | $0 |
| GREGORIO A FRANCIS ESQ | TRUSTEE Trustee or director | 1 | $0 |
| JOHN CROSSMAN | TRUSTEE Trustee or director | 1 | $0 |
| MARC O'FERRALL | TRUSTEE Trustee or director | 1 | $0 |
| REV GERALDINE MCCLELLAN | TRUSTEE Trustee or director | 1 | $0 |
990 for the year ended June 30, 2024: 21 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| REGINALD THEUS | ATHLETICS DIRECTOR/HEAD BASKETBALL COACH Key employee | 40 | $535,000 | $0 |
| DR WILLIAM BERRY | ACTING PRESIDENT/SR. VP Officer | 40 | $306,873 | $0 |
| DR DAWN L EASTMOND | DEAN Highest-paid employee | 40 | $260,616 | $22,144 |
| DR JAN A BOULWARE | DEAN Highest-paid employee | 40 | $206,438 | $35,053 |
| RAYMOND WOODIE | HEAD FOOTBALL COACH Highest-paid employee | 40 | $220,137 | $19,693 |
| ANTHONY JONES | VP OF ENROLLMENT MANAGEMENT (END. 05/24) Former | 40 | $196,484 | $28,869 |
| JOHN C PITTMAN | CFO/VP BUSINESS AFFAIRS (END. 07/22) Former | 40 | $220,000 | $0 |
| DR LAWRENCE DRAKE | INTERIM PRESIDENT (END. 05/23) Former | 40 | $185,011 | $17,288 |
| DONOVAN V WELLS | BAND DIRECTOR Highest-paid employee | 40 | $159,852 | $36,190 |
| JAMES A CLEVELAND | CHIEF INVESTMENT OFFICER/VP OF FISCAL AFFAIRS Officer | 40 | $175,000 | $18,000 |
| DR NARENDRA A PATEL | SENIOR ADVISOR TO THE PRESIDENT Highest-paid employee | 40 | $157,421 | $30,000 |
| BELVIN PERRY JR ESQUIRE | CHAIRMAN Trustee or director, Officer | 1 | $0 | $0 |
| JOYOURS PETE GAMBLE | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| JENNIFER ADAMS | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| JEFFREY E BRANCH | TRUSTEE Trustee or director | 1 | $0 | $0 |
| DEVERON GIBBONS | TRUSTEE Trustee or director | 1 | $0 | $0 |
| DAVID BREWER | TRUSTEE Trustee or director | 1 | $0 | $0 |
| LORENZO BROWN | TRUSTEE Trustee or director | 1 | $0 | $0 |
| JOHN CROSSMAN | TRUSTEE Trustee or director | 1 | $0 | $0 |
| COURTNEY RHODES | TRUSTEE Trustee or director | 1 | $0 | $0 |
| JOHN A WILLIAMS | TRUSTEE Trustee or director | 1 | $0 | $0 |
990 for the year ended June 30, 2023: 22 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| REGINALD THEUS | ATHLETICS DIRECTOR/HEAD BASKETBALL COACH Key employee | 40 | $400,000 | $0 |
| DR HIRAM C POWELL | PRESIDENT (END 06/22) Former | 40 | $327,190 | $22,379 |
| DR WILLIAM BERRY | ACTING PRESIDENT/SR. VP (BEG. 05/23) Officer | 40 | $226,627 | $132 |
| FRANKLIN E PATTERSON | VP OF IT (END 06/22) Former | 40 | $221,319 | $5,293 |
| ANTHONY JONES | VP OF ENROLLMENT MANAGEMENT Key employee | 40 | $210,000 | $13,357 |
| JOHN PITTMAN | CFO/VP BUSINESS AFFAIRS (END 07/22) Former | 40 | $221,627 | $0 |
| TERRY E SIMS | HEAD FOOTBALL COACH Highest-paid employee | 40 | $206,627 | $11,217 |
| DONOVAN V WELLS | BAND DIRECTOR Highest-paid employee | 40 | $181,627 | $19,919 |
| NARENDRA H PATEL | SENIOR ADVISOR TO THE PRESIDENT Highest-paid employee | 40 | $186,127 | $13,278 |
| VALENCIA GALLON-STUBBS | GENERAL COUNSEL Highest-paid employee | 40 | $171,627 | $9,935 |
| HERBERT THOMPSON | DEAN Highest-paid employee | 40 | $156,627 | $21,338 |
| LAWRENCE DRAKE | ACTING PRESIDENT (END 05/23) Former | 40 | $173,385 | $0 |
| BELVIN PERRY JR ESQUIRE | CHAIRMAN Trustee or director, Officer | 1 | $0 | $0 |
| JOYOURS PETE GAMBLE | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| JENNIER ADAMS | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| JEFFREY E BRANCH | TRUSTEE Trustee or director | 1 | $0 | $0 |
| DEVERON GIBBONS | TRUSTEE Trustee or director | 1 | $0 | $0 |
| DAVID BREWER | TRUSTEE Trustee or director | 1 | $0 | $0 |
| LORENZO BROWN | TRUSTEE Trustee or director | 1 | $0 | $0 |
| JOHN CROSSMAN | TRUSTEE Trustee or director | 1 | $0 | $0 |
| COURTNEY RHODES | TRUSTEE Trustee or director | 1 | $0 | $0 |
| JOHN A WILLIAMS | TRUSTEE Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 640 DR MARY MCLEOD BETHUNE BLVD, DAYTONA BEACH, FL 32114-3099
- Principal officer (990 for 2024)
- DR WILLIAM BERRY, 640 DR MARY MCLEOD BETHUNE BLVD, DAYTONA BEACH, FL 32114
- Signed the 990
- James Cleveland, VP of Fiscal Affairs/CFO
- Phone
- (386) 481-2042
- Website
- WWW.COOKMAN.EDU
- Return prepared by
- Forvis Mazars LLP
Mission
THE MISSION OF BETHUNE-COOKMAN UNIVERSITY IS TO EDUCATE A DIVERSE COMMUNITY OF LEARNERS TO BECOME RESPONSIBLE, PRODUCTIVE CITIZENS AND SOLUTION SEEKERS THROUGH THE PROMOTION OF FAITH, SCHOLARSHIP, CREATIVE ENDEAVORS, LEADERSHIP AND SERVICE.
Program accomplishments
- INSTRUCTION: BETHUNE-COOKMAN UNIVERSITY HAS FOUR ACADEMIC COLLEGES: BUSINESS & ENTREPRENEURSHIP; ARTS AND HUMANITIES; NURSING AND HEALTH SCIENCES; SCIENCE, ENGINEERING & MATHEMATICS TO AWARD BACHELOR'S AND MASTER'S DEGREES.Expenses $35,942,533 · revenue $42,582,019
- AUXILIARY SERVICES: THROUGH ITS FOOD SERVICES DEPARTMENT, MEAL PLANS ARE PROVIDED FOR STUDENTS LIVING ON CAMPUS. A CAFETERIA, IN ADDITION TO A STARBUCKS CAFE AND WORLD OF WINGS ARE ALSO AVAILABLE FOR OFF-CAMPUS STUDENTS, FACULTY AND VISITORS. VARIOUS ATHLETIC PROGRAMS ARE ALSO OFFERED FOR STUDENTS. THE UNIVERSITY ALSO MAINTAINS SEVEN RESIDENCE HALLS THAT PROVIDE FULL LIVING FACILITIES FOR APPROXIMATELY 1,800 STUDENTS. ALL RESIDENCE HALLS ARE CONNECTED TO THE INTERNET. THE BOOKSTORE OFFERS TEXTBOOKS AND OTHER SUPPLIES FOR THE STUDENTS.Expenses $27,877,995 · revenue $27,645,185
- STUDENT AID: GRANTS AND SCHOLARSHIPS WERE PROVIDED TO STUDENTS BASED ON ACADEMIC AND ATHLETIC ACHIEVEMENT, AND FINANCIAL NEED. THE UNIVERSITY ALSO PARTICIPATES IN VARIOUS FEDERAL AND STATE PROGRAMS OFFERING FINANCIAL AID TO STUDENTS.Expenses $21,064,003 · grants $21,064,003
- STUDENT SERVICES: STUDENTS ARE INVOLVED IN A VARIETY OF CULTURAL AND SOCIAL PROGRAMS TO ENRICH THEIR EDUCATIONAL EXPERIENCES. SUPPORT FOR STUDENTS WITH LEARNING AND PHYSICAL DISABILITIES ARE ALSO PROVIDED. VARIOUS COMPUTER LABS AND A 24-HOUR LIBRARY ARE OPEN TO ALL STUDENTS TO SUPPORT THEIR EDUCATIONAL EXPERIENCE. BETHUNE-COOKMAN UNIVERSITY ALSO HAS A ROTC OFFICE AVAILABLE TO STUDENTS.Expenses $8,881,555 · revenue $1,167,507
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
- 59-0704726
- 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
- 1944
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B420)
- Assets (IRS master file)
- $230,094,684
- Income (IRS master file)
- $107,921,917
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $107,326,068 | $112,689,933 | $230,094,684 | IRS |
| 990 | June 2024 | $100,202,224 | $104,936,561 | $227,841,850 | IRS |
| 990 | June 2023 | $102,222,024 | $102,226,385 | $231,294,562 | IRS |
| 990 | June 2022 | $130,685,909 | $111,603,409 | $228,821,796 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | 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 59-0704726).
Questions about BETHUNE-COOKMAN UNIVERSITY
- What is the EIN of BETHUNE-COOKMAN UNIVERSITY?
- The employer identification number (EIN) of BETHUNE-COOKMAN UNIVERSITY is 59-0704726.
- Is BETHUNE-COOKMAN UNIVERSITY tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1944.
- Are donations to BETHUNE-COOKMAN UNIVERSITY tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does BETHUNE-COOKMAN UNIVERSITY 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 BETHUNE-COOKMAN UNIVERSITY 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 BETHUNE-COOKMAN UNIVERSITY 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 BETHUNE-COOKMAN UNIVERSITY?
- The 990 for the year ended June 30, 2025 names DR WILLIAM BERRY.
- Who are the officers and directors of BETHUNE-COOKMAN UNIVERSITY?
- The 990 for the year ended June 30, 2025 lists 21 people; 11 received compensation from the organization, the highest $530,775 (REGINALD THEUS, ATHLETIC DIRECTOR/BASKETBALL COACH).
- How much revenue does BETHUNE-COOKMAN UNIVERSITY have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $107,326,068, expenses of $112,689,933 and total assets of $230,094,684 at year end.
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