United Negro College Fund INC
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Provides scholarships to minority students and financial support to historically Black colleges and universities to ensure equal access to higher education. For fiscal year 2025 it reported $158.9M in revenue, $183.5M in expenses, and $835.8M in net assets.Pt I
Summary of the Filing
Where the work happens
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…
Distributions to member institutions of uncf.
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.
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Identity & Classification
Governance & Policies
Officers, Directors & Key Employees
Dr Michael L Lomax’s $1.3M as President & CEO is at the 83rd percentile of top reported officer pay among 674 $100M+ education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.
Compensation history total reportable pay by year · 8 named individuals · Part VII
| Name | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Dr Michael L Lomax | $1,304,933 | $924,674 | $853,098 | $906,391 | $1,023,706 |
| Mr Maurice Jenkins | $710,668 | — | $434,425 | $805,688 | $380,846 |
| Mr Early Reese | $579,321 | $765,813 | $547,727 | $618,626 | $479,328 |
| Ms Lajuan Lyles | $418,495 | $396,114 | $392,779 | $511,952 | $294,358 |
| Mr Marc a Barnes | $499,745 | $300,035 | — | — | — |
| Mr Maurice E Jenkins JR | — | $457,936 | — | — | — |
| Mr Lawrence Griffith JR | $417,250 | $395,182 | $346,477 | $381,471 | $305,791 |
| Mr Lodriguez Murray | $354,002 | $335,106 | $321,088 | $361,014 | $242,488 |
Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.
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Statement of Revenue
Statement of Functional Expenses
Balance Sheet
Financial Metrics
Same NTEE category, revenue band, and state where available. Descriptive — not a grade.
| Metric | This org | Peer median | Percentile |
|---|---|---|---|
| Program ratio | 79% | — | — |
| Overhead ratio | 9% | — | — |
| Fundraising cost ratio | 17% | — | — |
| Revenue growth | -37% | — | — |
| Investment management fee ratio | 0% | — | — |
| Legal fee ratio | 0% | — | — |
| Accounting fee ratio | 0% | — | — |
| Fundraising fee ratio | 0% | — | — |
Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.
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