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Nonprofit · EIN 64-0303805

RUST COLLEGE

Tax-exempt · HOLLY SPRINGS, MS 38635

Financials

$20.1M$21.7M2022$14.1M$22.7M2023$31.8M$25.5M2024
Revenue Expenses · by fiscal year end
Financials of RUST COLLEGE by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
June 30, 2025990$31,836,101$25,530,678$6,305,423$98,883,716$18,920,794$79,962,922
June 30, 2024990$14,124,213$22,650,940-$8,526,727$89,867,132$12,305,615$77,561,517
June 30, 2023990$20,052,761$21,671,841-$1,619,080$90,433,827$16,135,036$74,298,791
Financial details: 990 for the year ended June 30, 2025

Revenue

Contributions, gifts and grants
$8,825,451
of which government grants
$5,501,249
Program service revenue
$6,338,712
Investment income
$11,763,489
Royalties
$641,148
Other revenue
$4,908,449

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$1,138,000
Other salaries and wages
$7,753,148
Salaries, compensation and benefits (total)
$10,131,113
Professional fundraising fees
$0
Travel
$430,671
Depreciation
$1,166,982
Program services (functional)
$22,165,354
Management and general (functional)
$3,202,568
Fundraising (functional)
$162,756

Balance sheet and other

Total assets, start of year
$89,867,132
Total assets, end of year
$98,883,716
Total liabilities, end of year
$18,920,794
Net assets, end of year
$79,962,922
Land, buildings and equipment
$29,518,785
Net assets without donor restrictions
$44,535,389
Net assets with donor restrictions
$35,427,533
Gross receipts
$31,836,101
Employees
130
Volunteers
0
Year formed
1866
State of legal domicile
MS

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.

NameTitleHours / weekCompensation
Dr Robert DixonPresident
Officer, Key employee, Highest-paid employee
40$225,000
Mr Mahmoud LamadanieV P International Affairs
Officer
40$140,000
Mrs Phyliss SpraginVice President for Business Affairs/CFO
Officer, Key employee
40$130,000
Dr Doris WardVice President-Academic Affairs
Officer
40$125,000
Dr Micheal HarpeVice President- Student Engagement
Officer
40$125,000
Ms Patrice HutchersonV P Enrollment
Officer
40$118,000
Ms Angela WilliamsAssoc V P Human Resources
Officer
40$100,000
Ms Tanya Kelly KirkAssoc V P Plant Operations/Director Special Events
Officer
40$100,000
Torres D BellChief Technology Officer
Officer
40$75,000
Dr Kimberly BuggBoard Member
Trustee or director
2$0
Larry AndersonVice-Chairman
Trustee or director
4$0
Willie BeamonBoard Member
Trustee or director
2$0
Erma Robinson-CookBoard Member
Trustee or director
2$0
Margaret BorgenBoard Member
Trustee or director
2$0
Dr Darrell EzellBoard Member
Trustee or director
2$0
17 more people on this return
NameTitleHours / weekCompensation
Dr Ken McGeeBoard Member
Trustee or director
2$0
Patricia Bruce LoweBoard Member
Trustee or director
2$0
Clarence R OdomBoard Member
Trustee or director
2$0
Waynell HensonSecretary
Trustee or director
2$0
Kimberly Avery WrightBoard Member
Trustee or director
2$0
Cecelia Wilson SawyerBoard Member
Trustee or director
2$0
Dr Jacqueline M Gill PowellBoard Member
Trustee or director
2$0
James E SwansonBoard Member
Trustee or director
2$0
Jerry YoungBoard Member
Trustee or director
2$0
Fharon M HicksBoard Member
Trustee or director
2$0
Lauren HortonBoard Member
Trustee or director
2$0
Betty Baptist JonesBoard Member
Trustee or director
2$0
Andre MathisBoard Member
Trustee or director
2$0
Audrey Miller-OkhiriaTreasurer
Trustee or director
4$0
Dr MeShonya Wren ColemanBoard Member
Trustee or director
2$0
Robert WardBoard Member
Trustee or director
2$0
Barkese M DaltonChairman
Trustee or director
4$0
990 for the year ended June 30, 2024: 32 people
NameTitleHours / weekCompensation
Dr Robert DixonPresident
Officer, Key employee, Highest-paid employee
40$225,000
Mr Mahmoud LamadanieV P International Affairs
Officer
40$140,000
Mrs Phyliss SpraginVice President for Business Affairs/CFO
Officer, Key employee
40$130,000
Dr Doris WardVice President-Academic Affairs
Officer
40$125,000
Dr Micheal HarpeVice President- Student Engagement
Officer
40$125,000
Ms Patrice HutchersonV P Enrollment
Officer
40$118,000
Ms Angela WilliamsAssoc V P Human Resources
Officer
40$100,000
Ms Tanya Kelly KirkAssoc V P Plant Operations/Director Special Events
Officer
40$100,000
Torres D BellChief Technology Officer
Officer
40$75,000
Dr Kimberly BuggBoard Member
Trustee or director
2$0
Larry AndersonBoard Member
Trustee or director
2$0
Willie BeamonBoard Member
Trustee or director
2$0
Erma Robinson-CookBoard Member
Trustee or director
2$0
Margaret BorgenSecretary
Trustee or director
2$0
Dr Darrell EzellBoard Member
Trustee or director
2$0
Dr Ken McGeeBoard Member
Trustee or director
2$0
Patricia Bruce LoweBoard Member
Trustee or director
2$0
Clarence R OdomBoard Member
Trustee or director
2$0
Waynell hensonBoard Member
Trustee or director
2$0
Kimberly Avery WrightBoard Member
Trustee or director
2$0
Cecelia Wilson SawyerChairman
Trustee or director
4$0
Dr Jacqueline M Gill PowellBoard Member
Trustee or director
2$0
James E SwansonBoard Member
Trustee or director
2$0
Jerry YoungBoard Member
Trustee or director
2$0
Fharon M HicksBoard Member
Trustee or director
2$0
Lauren HortonBoard Member
Trustee or director
2$0
Betty Baptist JonesBoard Member
Trustee or director
2$0
Andre MathisBoard Member
Trustee or director
2$0
Audrey Miller-OkhiriaBoard Member
Trustee or director
2$0
Dr MeShonya Wren ColemanBoard Member
Trustee or director
2$0
Robert WardBoard Member
Trustee or director
2$0
Barkese M DaltonVice Chairman
Institutional trustee
4$0
990 for the year ended June 30, 2023: 27 people
NameTitleHours / weekCompensation
Dr Ivy R TaylorPresident
Officer, Key employee, Highest-paid employee
50$230,275
Mrs Willie HugheyVice President for Business Affairs/CFO
Officer, Key employee
50$150,000
Rolundus R RiceVice President-Academics
Officer, Key employee
50$131,250
Jason K JohnsonVice President- Enrollment
Officer, Key employee
50$131,250
Tiffani PerryChief Of Staff
Key employee
50$121,275
George HoldenTreasurer
Trustee or director
4$0
Dr Kimberly BuggBoard Member
Trustee or director
2$0
Larry AndersonBoard Member
Trustee or director
2$0
Willie BeamonBoard Member
Trustee or director
2$0
Erma Robinson-CookBoard Member
Trustee or director
2$0
Margaret BorgenSecretary
Trustee or director
2$0
Barkese M DaltonVice Chairman
Trustee or director
5$0
Dr Darrell EzellBoard Member
Trustee or director
2$0
Dr Wesley E JonesBoard Member
Trustee or director
2$0
Patricia Bruce LoweBoard Member
Trustee or director
2$0
Keithney GlassBoard Member
Trustee or director
2$0
Waynell hensonBoard Member
Trustee or director
2$0
Kimberly Avery WrightBoard Member
Trustee or director
2$0
Cecelia Wilson SawyerChairman
Trustee or director
4$0
Dr Deborah B SmithBoard Member
Trustee or director
2$0
James E SwansonBoard Member
Trustee or director
2$0
Jerry YoungBoard Member
Trustee or director
2$0
Rev Robert WardBoard Member
Trustee or director
2$0
Lauren HortonBoard Member
Trustee or director
2$0
Betty Baptist JonesBoard Member
Trustee or director
2$0
Andre MathisBoard Member
Trustee or director
2$0
Audrey Miller-OkhiriaBoard Member
Trustee or director
2$0

Address and contacts

Address (IRS master file)
150 RUST AVE, HOLLY SPRINGS, MS 38635-2330
Principal officer (990 for 2024)
Phyliss Spragin, 150 Rust Ave, Holly Springs, MS 386352330
Signed the 990
Phyliss Spragin, V P Finance/CFO
Phone
(662) 252-8000
Return prepared by
Booker T Camper Jr CPA

Mission

To provide four year college degree

990 for the year ended June 30, 2025

Program accomplishments

  • Private Four Year Historical Black College
    Expenses $20,186,710 · revenue $14,080,598
  • Post Secondary General Education Performance Grants and Contracts Ageements
    Expenses $1,959,107 · revenue $2,815,801
  • Post Secondary Education, Government and State Agencies For SEOG, FWS, FFEL, Title III and 137 Needs and Performances
    Expenses $19,537 · grants $5,501,249 · revenue $7,735,550

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 yearYear endedDueIRS public records
2025June 30, 2026November 16, 2026Not due yet
2024June 30, 2025November 17, 2025990 on file
2023June 30, 2024November 15, 2024990 on file

IRS record

EIN
64-0303805
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
1947
Accounting year ends
June
Files
Form 990 or 990-EZ
Category (NTEE)
Education (B420)
Assets (IRS master file)
$98,883,716
Income (IRS master file)
$31,836,101

Filing history

FormYear endedRevenueExpensesAssetsReturn
990June 2025$31,836,101$25,530,678$98,883,716IRS
990June 2024$14,124,213$22,650,940$89,867,132XML
990June 2023$20,052,761$21,671,841$90,433,827XML
990June 2022$22,718,599$21,889,818$82,920,785IRS
990June 2021–––IRS
990June 2020–––IRS
990June 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 64-0303805).

Questions about RUST COLLEGE

What is the EIN of RUST COLLEGE?
The employer identification number (EIN) of RUST COLLEGE is 64-0303805.
Is RUST COLLEGE tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1947.
Are donations to RUST COLLEGE tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does RUST 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 RUST 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 RUST 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 RUST COLLEGE?
The 990 for the year ended June 30, 2025 names Phyliss Spragin.
Who are the officers and directors of RUST COLLEGE?
The 990 for the year ended June 30, 2025 lists 32 people; 9 received compensation from the organization, the highest $225,000 (Dr Robert Dixon, President).
How much revenue does RUST COLLEGE have?
On its 990 for the year ended June 30, 2025 it reported revenue of $31,836,101, expenses of $25,530,678 and total assets of $98,883,716 at year end.

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