Hampton University: Nonprofit Profile, Financials & Form 990 (EIN 54-0505990)

Revenue by fiscal year
FY2020	$206.0M
FY2021	$270.3M
FY2022	$241.0M
FY2023	$197.4M
FY2024	$204.4M
FY2025	$245.7M

Expenses by fiscal year
FY2020	$186.4M
FY2021	$171.6M
FY2022	$194.9M
FY2023	$212.8M
FY2024	$240.1M
FY2025	$249.5M

Net assets by fiscal year
FY2020	$574.3M
FY2021	$729.2M
FY2022	$733.7M
FY2023	$729.3M
FY2024	$679.0M
FY2025	$682.6M

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jun 1994.

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

Part of a larger organization · Schedule R

Hampton University files its own Form 990, but Schedule R discloses 4 related entities — figures on this page are for this EIN only, not the whole group. Large hospital and education systems often split assets and fundraising across related entities; read Schedule R before comparing to a single-site charity.

Hampton Community Development Corporation · Atlantic Real Estate LLC · Hampton Roads Proton Therapy Institute at Hampton University LLC · Hampton University Museum Foundation INC · See Schedule R

Combined filings · FY2025 · 2 entities with data

Simple sum of each entity's Form 990 headline figures — not audited consolidated financials. This page's EIN is 100% of group revenue.

Group revenue

$245.7M

Group expenses

$249.5M

Group net assets

$682.5M

Hampton Community Development Corporation · — rev · −$125K net assets

Where the money goes

76 cents of each dollar spent went to programs.

76%

24%

Program services 76% · $189.2M Management & general 24% · $59.3M Fundraising 0% · $1.0M

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

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Who runs it and what they're paid

29 people listed on the 990; $3.1M paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII

Ltg Darrell K Williams

President

$902,500Pt VII · Sec A

Mrs Betty Stewart

Executive VP and Provost

$350,000Pt VII · Sec A

Mr Ivan Thomas

Men's Basketball Head Coach

$349,994Pt VII · Sec A

Mr Charles Cansler III End March

Vice President for Busines

$339,726Pt VII · Sec A

Mr Adebisi Oladipupo

Vice President for Information Technology

$244,800Pt VII · Sec A

William Moore

Research Professor

$240,048Pt VII · Sec A

Anthony D Henderson SR

Director of Athletics

$240,000Pt VII · Sec A

Attorney Faye Hardy-Lucas

Vice President and General

$178,844Pt VII · Sec A

Ltg Darrell K Williams’s $902K as President is at the 70th 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	FY2020
Ltg Darrell K Williams	$902,500	$925,000	$475,000	—	—	—
Dr William R Harvey	—	—	$448,800	$642,600	$599,230	$571,054
Mrs Betty Stewart	$350,000	—	—	—	—	—
Mr Ivan Thomas	$349,994	—	—	—	—	—
Mr Charles Cansler III End March	$339,726	—	—	—	—	—
Mrs Doretha J Spells	—	—	—	$320,816	$169,839	$167,370
Dr Patrick McCormick	—	—	—	$313,500	$290,377	$297,441
Dr Michael McCormick	—	—	$298,537	—	—	—

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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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

Educates promising students for leadership and service with a focus on science, professional fields, and liberal arts.

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Provided by the organization

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3 programs · $100.2M · in their own filed words · FY2024

01

Instructional and Departmental Research

The educational goals set up for our students are through various instructional divisions and departmental research.

$79.9Mprogram expense

02

Library and Museums

The libraries and museums provide and display educational materials and provide support services to the academic community.

$13.1Mprogram expense

03

Public Services

Hampton university has an off campus work-study program for students, urban affairs and other community related projects.

$7.2Mprogram 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 · FY2025

T Rowe Price Program for Charitable Giving INCFY2025$1.0M

Hispanic Scholarship FundFY2025$115K

Folds of Honor FoundationFY2025$42K

Langley for Families - the Foundation of LfcuFY2025$15K

Total grants receivedfrom 4 funders$1.2M

See all 4 funders →

Grants paid · 6 grants · $7.4M · 2019–2024

Unitemized GrantFY2024$1,582,213

Unitemized GrantFY2023$1,163,512

Unitemized GrantFY2022$1,297,286

Unitemized GrantFY2021$1,057,019

Unitemized GrantFY2020$955,571

Unitemized GrantFY2019$1,392,634

By the numbers

The FY2025 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$245.7M

Ln 12

Fees for servicesLn 2g$163.2M

Gifts and grantsLn 1h$55.1M

Investment incomeLn 3$21.2M

Money outPt IX

$249.5M

Ln 25

Programscol B$189.2M

Managementcol C$59.3M

Fundraisingcol D$1.0M

Owns and owesPt X

$682.6M

net assets · Ln 32

Cash and savingsLn 1–2$13.6M

Total assetsLn 16$899.8M

LiabilitiesLn 26$217.2M

PeoplePt VI, VII

29

listed · VII A

PaidVII A10

Voting boardVI 1a21

IndependentVI 1b20

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$55.1M

Government grantsLn 1e$28.6M

Fees for servicesLn 2g$163.2M

Investment incomeLn 3$21.2M

Other incomeLn 4–11$6.1M

Gains on assetsLn 7$18.4M

Total revenueLn 12$245.7M

Assets in detailPt X, end of year

CashLn 1$8.3M

SavingsLn 2$5.3M

Cash and savings togetherLn 1–2$13.6M

InvestmentsLn 11–13$275.7M

Land, buildings, equipmentLn 10c$566.4M

Total assetsLn 16$899.8M

LiabilitiesLn 26$217.2M

Net assetsLn 32$682.6M

OperationsPt I, VI

EmployeesI 51,609

VolunteersI 60

Fiscal year endsHeaderJune

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

Line	Start FY25	End FY25
Cash and savingsLn 1–2	$16.1M	$13.6M
InvestmentsLn 11–13	$244.9M	$275.7M
Land, buildings, equipmentLn 10c	$542.6M	$566.4M
Total assetsLn 16	$864.5M	$899.8M
LiabilitiesLn 26	$185.6M	$217.2M
Net assetsLn 32	$679.0M	$682.6M

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Grants to domestic individualsLn 2	$1.6M	$1.6M
Pay of current officers, directors and key staffLn 5	$1.9M	$1.4M	$448K	$13K
Other salaries and wagesLn 7	$63.8M	$48.2M	$15.2M	$427K
Pension plan contributionsLn 8	$1.5M	$1.1M	$349K	$1K
Other employee benefitsLn 9	$9.2M	$7.0M	$2.2M	$7K
Payroll taxesLn 10	$4.3M	$3.3M	$1.0M	$3K
Legal feesLn 11b	$739K	$561K	$177K
Accounting feesLn 11c	$2.7M	$2.1M	$649K
Advertising and promotionLn 12	$741K	$561K	$177K	$3K
Office expensesLn 13	$33.9M	$25.6M	$8.1M	$175K
Information technologyLn 14	$6.1M	$4.5M	$1.4M	$185K
OccupancyLn 16	$626K	$476K	$150K
TravelLn 17	$4.4M	$3.3M	$1.0M	$62K
InterestLn 20	$2.5M	$1.9M	$602K
Depreciation, depletion and amortizationLn 22	$16.4M	$12.4M	$3.9M
InsuranceLn 23	$4.0M	$3.0M	$959K
Other expenses (24a–d)Ln 24	$95.3M	$72.3M	$22.8M	$134K
Total functional expensesLn 25	$249.5M	$189.2M	$59.3M	$1.0M

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2025 Latest Viewing	$245.7M	$249.5M	−$3.8M	$682.6M	990 PDF
FY2024	$204.4M	$240.1M	−$35.6M	$679.0M	990 PDF
FY2023	$197.4M	$212.8M	−$15.4M	$729.3M	990 PDF
FY2022	$241.0M	$194.9M	$46.2M	$733.7M	990 PDF
FY2021	$270.3M	$171.6M	$98.7M	$729.2M	990 PDF
FY2020	$206.0M	$186.4M	$19.6M	$574.3M	990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support J · Pay O · Explanations

See the full FY2025 990 (6 parts)

Part I · Summary $245,688,438 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $44,736,824$55,149,206

I-9 Program service revenuePrior year $129,325,417$163,226,026

I-10 Investment incomePrior year $30,179,533$21,169,840

I-11 Other revenuePrior year $197,789$6,143,366

I-12 Total revenuePrior year $204,439,563$245,688,438

I-13 Grants and similar amounts paidPrior year $1,163,512$1,582,213

I-14 Benefits paid to membersPrior year $0$0

I-15 Salaries and benefitsPrior year $93,467,045$80,596,986

I-16a Professional fundraising feesPrior year $0$0

I-17 Other expensesPrior year $145,442,739$167,327,234

I-18 Total expensesPrior year $240,073,296$249,506,433

I-19 Revenue less expensesPrior year −$35,633,733−$3,817,995

Part VI · Governance 20 of 21 board members independent, no flags

VI-1a Voting members of the governing body21

VI-1b Independent voting members20

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 $245,688,438 across 9 lines filed

VIII-1e Government grants$28,635,815

VIII-1f All other contributions, gifts and grants$26,513,391

VIII-1h Total contributions, gifts and grants$55,149,206

VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $163,229,707 · Unrelated business −$3,681$163,226,026

VIII-3 Investment incomeExcluded from tax $2,799,044$2,799,044

VIII-6 Net rental income or lossRelated to mission −$347,637 · Unrelated business −$390,305−$737,942

VIII-7 Net gain or loss on sales of assetsRelated to mission $18,370,796$18,370,796

VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $6,881,308$6,881,308

VIII-12 Total revenueRelated to mission $181,252,866 · Unrelated business −$393,986 · Excluded from tax $9,680,352$245,688,438

Part IX · Statement of functional expenses $249,506,433 across 17 lines filed

IX-2 Grants to domestic individualsPrograms $1,582,213$1,582,213

IX-5 Pay of current officers, directors and key staffPrograms $1,417,530 · Management $447,641 · Fundraising $12,567$1,877,738

IX-7 Other salaries and wagesPrograms $48,158,858 · Management $15,208,060 · Fundraising $426,932$63,793,850

IX-8 Pension plan contributionsPrograms $1,103,607 · Management $348,507 · Fundraising $1,117$1,453,231

IX-9 Other employee benefitsPrograms $6,959,886 · Management $2,197,859 · Fundraising $7,044$9,164,789

IX-10 Payroll taxesPrograms $3,271,091 · Management $1,032,976 · Fundraising $3,311$4,307,378

IX-11b Legal feesPrograms $561,388 · Management $177,280$738,668

IX-11c Accounting feesPrograms $2,056,543 · Management $649,434$2,705,977

IX-12 Advertising and promotionPrograms $560,694 · Management $177,061 · Fundraising $3,318$741,073

IX-13 Office expensesPrograms $25,612,770 · Management $8,088,243 · Fundraising $175,086$33,876,099

IX-14 Information technologyPrograms $4,482,593 · Management $1,415,556 · Fundraising $185,001$6,083,150

IX-16 OccupancyPrograms $475,821 · Management $150,259$626,080

IX-17 TravelPrograms $3,301,526 · Management $1,042,587 · Fundraising $61,646$4,405,759

IX-20 InterestPrograms $1,906,971 · Management $602,201$2,509,172

IX-22 Depreciation, depletion and amortizationPrograms $12,444,799 · Management $3,929,936$16,374,735

IX-23 InsurancePrograms $3,037,022 · Management $959,059$3,996,081

IX-24 Other expenses (24a–d)Programs $72,303,989 · Management $22,832,837 · Fundraising $133,614$95,270,440

IX-25 Total functional expensesPrograms $189,237,301 · Management $59,259,496 · Fundraising $1,009,636$249,506,433

Part X · Balance sheet $899,810,315 assets, 18 lines filed

Asset lines not itemized here account for $2,496,234; see the IRS return.

X-1 Cash, non-interest-bearingStart of year $14,678,547$8,298,832

X-2 Savings and temporary cash investmentsStart of year $1,430,517$5,324,354

X-3 Pledges and grants receivableStart of year $10,348,514$12,917,146

X-4 Accounts receivableStart of year $34,308,928$14,182,298

X-9 Prepaid expenses and deferred chargesStart of year $13,121,413$14,497,707

X-10c Land, buildings and equipment, netStart of year $542,574,261$566,360,048

X-11 Publicly traded securitiesStart of year $53,561,365$59,693,291

X-12 Other securitiesStart of year $191,329,384$216,040,405

X-16 Total assetsStart of year $864,544,695$899,810,315

X-17 Accounts payable and accrued expensesStart of year $13,056,809$25,505,988

X-19 Deferred revenueStart of year $38,593,682$36,513,260

X-20 Tax-exempt bond liabilitiesStart of year $101,120,368$123,783,733

X-25 Other liabilitiesStart of year $3,372,232$2,553,171

X-26 Total liabilitiesStart of year $185,568,677$217,175,635

X-27 Net assets without donor restrictionsStart of year $583,841,570$584,385,260

X-28 Net assets with donor restrictionsStart of year $95,134,448$98,249,420

X-32 Total net assets or fund balancesStart of year $678,976,018$682,634,680

X-33 Total liabilities and net assetsStart of year $864,544,695$899,810,315

Part XI · Reconciliation of net assets $682,634,680 net assets at year end

XI-1 Total revenue$245,688,438

XI-2 Total expenses$249,506,433

XI-3 Revenue less expenses−$3,817,995

XI-4 Net assets at start of year$678,976,018

XI-5 Net unrealized gains (losses) on investments$7,476,657

XI-9 Other changes in net assets$0

XI-10 Net assets at end of year$682,634,680

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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