Paine College

Tax-deductible

Augusta, GA501(c)(3)Since 1905Colleges & UniversitiesEIN 23-7434499Revenue $15.7M in FY2024

On file with the IRSpaine.edu1235 15th St, 30901-3105 · Augusta, GATax-exempt since Feb 1976School — 170(b)(1)(A)(ii)

This page gets seen. Tell your story. Claim this org.

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.

501(c)(3) charity; gifts are tax-deductible.
69¢ of each $1 spent went to programs.
Run by 30 volunteers and 300 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 5
filings with a surplus
Average surplus $149K a year · 1% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
69%
of spending
Fine: 69% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$303K
to officers and key staff · 2% of spending
Top officer’s pay lower than 93% of similar orgs
Looks good: pay to officers and key staff is 2% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
7 mo
of spending, in cash
Looks good: 6.7 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
8
named funders · $1.0M
Looks good: 8 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$22.2M
57% of total assets
Fine: liabilities are 57% of assets; 50% to 65%.
Pt X · Ln 26
Independent board members
24
of 24 voting members
Looks good: 24 of 24 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$15.7M
+15% vs prior year
Spent
$16.4M
To programs
69%
Net assets
$16.6M
By yearFY2020–FY2024
Revenue
$15.7M
FY2024▲ +15%
Tap a bar for its year
Revenue by fiscal year
FY2020$17.6M
FY2021$10.6M
FY2022$15.0M
FY2023$12.5M
FY2024$13.7M
FY2024$15.7M
Expenses
$16.4M
FY2024▲ +10%
Tap a bar for its year
Expenses by fiscal year
FY2020$16.6M
FY2021$10.1M
FY2022$13.8M
FY2023$13.2M
FY2024$14.9M
FY2024$16.4M
Net assets
$16.6M
FY2024▲ +5%
Tap a bar for its year
Net assets by fiscal year
FY2020$19.8M
FY2021$20.0M
FY2022$18.3M
FY2023$17.0M
FY2024$15.9M
FY2024$16.6M

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Feb 1976.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

69 cents of each dollar spent went to programs.

Program services 69% · $11.2M Management & general 31% · $5.1M

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Something off? The org can add a note here. Request edit privileges.

Who runs it and what they're paid

27 people listed on the 990; $303K paid to officers and key staff.

Part VII, Section A · reportable compensation
$121,567Pt VII · Sec A
Vice President of Administration and Fiscal Affairs
$110,014Pt VII · Sec A
Vice President of Institutional Advancement
$71,526Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Mr Lester McCorn’s $122K as President is at the 7th percentile of top reported officer pay among 3683 $10–100M 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

NameFY2024FY2024FY2023FY2022FY2021FY2020
Dr Cheryl Evans-Jones—$139,119$134,788$133,556$130,296—
Dr Cheryle Evans-Jones—————$126,333
Mr Lester McCorn$121,567—————
Mr Leroy Summers JR$110,014$110,013$110,012$55,003——
Ms Marci Middleton—$99,347$102,242$86,056——
Dr Curtis Martin—$18,001$24,000$41,705$83,410$96,638
Ms Helene Carter$71,526$69,442$68,988$67,756$64,496$81,000
Mr Norman Jones—————$78,692

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.

See Paine College executive salaries →

Are you one of these people? Claim this org to confirm your role

Something off? The org can add a note here. Request edit privileges.

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Offers a high-quality liberal arts education fostering academic excellence, values, and personal growth.

Provided by the organization

Know this organization? Claim it to add your story

2 programs · $11.2M · in their own filed words · FY2024
01

To sustain a learning community in which students can prepare academically, socially and spiritually for leadership in a complex, diverse and rapidly changing world.

$7.9Mprogram expense
02

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.

$3.4Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2024
See all 8 funders →
Grants paid · 6 grants · $5.6M · 2019–2024
Unitemized GrantFY2024$1,353,028
Unitemized GrantFY2023$1,020,471
Unitemized GrantFY2022$929,080
Unitemized GrantFY2021$599,207
Unitemized GrantFY2020$385,972
Unitemized GrantFY2019$1,304,559

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$15.7M
Ln 12
Fees for servicesLn 2g$7.1M
Gifts and grantsLn 1h$7.1M
Other incomeLn 4–11$1.0M
Money outPt IX
$16.4M
Ln 25
Programscol B$11.2M
Managementcol C$5.1M
Owns and owesPt X
$16.6M
net assets · Ln 32
Cash and savingsLn 1–2$9.1M
Total assetsLn 16$38.8M
LiabilitiesLn 26$22.2M
PeoplePt VI, VII
27
listed · VII A
PaidVII A3
Voting boardVI 1a24
IndependentVI 1b24
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$7.1M
Government grantsLn 1e$4.7M
Fees for servicesLn 2g$7.1M
Investment incomeLn 3$456K
Other incomeLn 4–11$1.0M
Total revenueLn 12$15.7M
Assets in detailPt X, end of year
CashLn 1$76K
SavingsLn 2$9.1M
Cash and savings togetherLn 1–2$9.1M
InvestmentsLn 11–13$3.1M
Land, buildings, equipmentLn 10c$24.6M
Other assetsLn 15$199K
Total assetsLn 16$38.8M
LiabilitiesLn 26$22.2M
Net assetsLn 32$16.6M
OperationsPt I, VI
EmployeesI 5300
VolunteersI 630
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$1.3M$9.1M
InvestmentsLn 11–13$11.3M$3.1M
Land, buildings, equipmentLn 10c$23.3M$24.6M
Total assetsLn 16$36.9M$38.8M
LiabilitiesLn 26$21.1M$22.2M
Net assetsLn 32$15.9M$16.6M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$1.4M$1.4M
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$303K$303K
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$0
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$0
Payroll taxesLn 10$0
Management feesLn 11a$0
Legal feesLn 11b$0
Accounting feesLn 11c$0
Lobbying feesLn 11d$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$0
Advertising and promotionLn 12$0
Office expensesLn 13$0
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$0
TravelLn 17$0
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$0
InsuranceLn 23$0
Other expenses (24a–d)Ln 24$11.4M$6.5M$4.8M
All other expensesLn 24e$3.4M$3.4M
Total functional expensesLn 25$16.4M$11.2M$5.1M$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $13.7M$14.9M−$1.2M$15.9M 990 PDF
FY2023 $12.5M$13.2M−$787K$17.0M 990 PDF
FY2022 $15.0M$13.8M$1.3M$18.3M 990 PDF
FY2021 $10.6M$10.1M$458K$20.0M 990 PDF
FY2020 $17.6M$16.6M$995K$19.8M 990 PDF

Want to add your own materials alongside these filings? Claim this org

Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (6 parts)
Part I · Summary $15,715,830 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $5,221,402$7,091,389
I-9 Program service revenuePrior year $6,436,246$7,130,095
I-10 Investment incomePrior year $385,394$456,119
I-11 Other revenuePrior year $1,641,568$1,038,227
I-12 Total revenuePrior year $13,684,610$15,715,830
I-13 Grants and similar amounts paidPrior year $1,020,471$1,353,028
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $435,922$303,107
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $13,419,364$14,728,948
I-18 Total expensesPrior year $14,875,757$16,385,083
I-19 Revenue less expensesPrior year −$1,191,147−$669,253
Part VI · Governance 24 of 24 board members independent, no flags
VI-1a Voting members of the governing body24
VI-1b Independent voting members24
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $15,715,830 across 7 lines filed
VIII-1e Government grants$4,682,249
VIII-1f All other contributions, gifts and grants$2,409,140
VIII-1h Total contributions, gifts and grants$7,091,389
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $7,130,095$7,130,095
VIII-3 Investment incomeRelated to mission $456,119$456,119
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $1,038,227$1,038,227
VIII-12 Total revenueRelated to mission $8,624,441$15,715,830
Part IX · Statement of functional expenses $16,385,083 across 30 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individualsPrograms $1,353,028$1,353,028
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staffManagement $303,107$303,107
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wages$0
IX-8 Pension plan contributions$0
IX-9 Other employee benefits$0
IX-10 Payroll taxes$0
IX-11a Management fees$0
IX-11b Legal fees$0
IX-11c Accounting fees$0
IX-11d Lobbying fees$0
IX-11f Investment management fees$0
IX-11g Other fees for services$0
IX-12 Advertising and promotion$0
IX-13 Office expenses$0
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 Occupancy$0
IX-17 Travel$0
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortization$0
IX-23 Insurance$0
IX-24 Other expenses (24a–d)Programs $6,539,249 · Management $4,833,687$11,372,936
IX-24e All other expensesPrograms $3,356,012$3,356,012
IX-25 Total functional expensesPrograms $11,248,289 · Management $5,136,794 · Fundraising $0$16,385,083
Part X · Balance sheet $38,824,269 assets, 19 lines filed
X-1 Cash, non-interest-bearingStart of year $1,012,640$75,863
X-2 Savings and temporary cash investmentsStart of year $326,325$9,066,533
X-3 Pledges and grants receivableStart of year $45$292
X-4 Accounts receivableStart of year $118,577$1,454,478
X-8 Inventories for sale or use$19,762
X-9 Prepaid expenses and deferred chargesStart of year $332,565$253,286
X-10c Land, buildings and equipment, netStart of year $23,287,558$24,632,180
X-11 Publicly traded securitiesStart of year $10,824,770$2,611,240
X-12 Other securitiesStart of year $487,912$512,035
X-15 Other assetsStart of year $523,481$198,600
X-16 Total assetsStart of year $36,913,873$38,824,269
X-17 Accounts payable and accrued expensesStart of year $4,120,691$4,777,814
X-24 Unsecured notes and loans payableStart of year $16,937,358$17,261,740
X-25 Other liabilities$202,636
X-26 Total liabilitiesStart of year $21,058,049$22,242,190
X-27 Net assets without donor restrictionsStart of year $9,199,068$9,925,323
X-28 Net assets with donor restrictionsStart of year $6,656,756$6,656,756
X-32 Total net assets or fund balancesStart of year $15,855,824$16,582,079
X-33 Total liabilities and net assetsStart of year $36,913,873$38,824,269
Part XI · Reconciliation of net assets $16,582,079 net assets at year end
XI-1 Total revenue$15,715,830
XI-2 Total expenses$16,385,083
XI-3 Revenue less expenses−$669,253
XI-4 Net assets at start of year$15,855,824
XI-9 Other changes in net assets$1,395,508
XI-10 Net assets at end of year$16,582,079

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

Similar organizations you could support · Compare with another nonprofit

Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

If you ARE the filing organization, claim this org and add context

Made it to the end? Claim this organization

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the pay comparisons above.