Hampton University FY2024 filing

Tax-deductible

Hampton, VA501(c)(3)Since 1868Colleges & UniversitiesEIN 54-0505990

Hampton university is a comprehensive institution of higher education, dedicated to the promotion of learning, building of character and preparation of promising students for positions of leadership and service. Its curriculum emphasis is scientific and professional with a strong liberal arts undergirding. In carrying out its mission, the university requires that everything that IT does be of the highest quality. Research and public service are integral parts of hampton's mission. In order to enhance scholarship and discovery, faculty are engaged in writing, research, and grantsmanship. Faculty, staff and students provide leadership and service to the university as well as the global community. In achieving its mission, hampton university offers exemplary programs and opportunities which enable students, faculty and staff to grow, develop and contribute to our society in a productive, useful manner.

501(c)(3) charity; gifts are tax-deductible.
76¢ of each $1 spent went to programs.
$2.6M paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

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 $22.7M a year · 10% 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
76%
of spending
Looks good: 76% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$2.6M
to officers and key staff · 1% of spending
Looks good: pay to officers and key staff is 1% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
<1 mo
of spending, in cash
Worth a look: 0.8 months of spending in cash; under 1.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
4
named funders · $1.2M
Looks good: 4 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$185.6M
21% of total assets
Looks good: liabilities are 21% of assets; 50% or less.
Pt X · Ln 26
Independent board members
14
of 15 voting members
Looks good: 14 of 15 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$204.4M
+4% vs prior year
Spent
$240.1M
To programs
76%
Net assets
$679.0M
By yearFY2020–FY2024
Revenue
$204.4M
FY2024▲ +4%
Revenue by fiscal year
FY2020$206.0M
FY2021$270.3M
FY2022$241.0M
FY2023$197.4M
FY2024$204.4M
FY2024$245.7M
Expenses
$240.1M
FY2024▲ +13%
Expenses by fiscal year
FY2020$186.4M
FY2021$171.6M
FY2022$194.9M
FY2023$212.8M
FY2024$240.1M
FY2024$249.5M
Net assets
$679.0M
FY2024▼ -7%
Net assets by fiscal year
FY2020$574.3M
FY2021$729.2M
FY2022$733.7M
FY2023$729.3M
FY2024$679.0M
FY2024$682.6M

From the FY2024 Form 990 (year ending June 2024) · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jun 1994.

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

Where the money goes

76 cents of each dollar spent went to programs.

Program services 76% · $182.7M Management & general 24% · $56.9M Fundraising 0% · $457K

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

Who runs it and what they're paid

22 people listed on the 990; $2.6M paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
$925,000Pt VII · Sec A
Head Football Coach
$281,875Pt VII · Sec A
Executive VP and Provost
$247,687Pt VII · Sec A
VP for Business Affairs an
$236,921Pt VII · Sec A
Director of Athletics
$206,667Pt VII · Sec A
Head Basketball Coach
$200,898Pt VII · Sec A
Vice President for Busines
$198,604Pt VII · Sec A
Vice President and General
$171,162Pt 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

NameFY2024FY2024FY2023FY2022FY2021FY2020
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.

Provided by the organization

This section is blank until Hampton University claims this page.

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3 program services account for $104.9M of program spending, described in the organization's own filed words · FY2023.
01

Instructional and Departmental Research

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

$80.3Mprogram expense
02

Library and Museums

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

$17.9Mprogram expense
03

Public Services

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

$6.8Mprogram expense

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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
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 FY2024 990, line by line.

1The main four
Money inPt VIII
$204.4M
Ln 12
Fees for servicesLn 2g$129.3M
Gifts and grantsLn 1h$44.7M
Investment incomeLn 3$30.2M
Money outPt IX
$240.1M
Ln 25
Programscol B$182.7M
Managementcol C$56.9M
Fundraisingcol D$457K
Owns and owesPt X
$679.0M
net assets · Ln 32
Cash and savingsLn 1–2$16.1M
Total assetsLn 16$864.5M
LiabilitiesLn 26$185.6M
PeoplePt VI, VII
22
listed · VII A
PaidVII A9
Voting boardVI 1a15
IndependentVI 1b14
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$44.7M
Government grantsLn 1e$18.7M
Fees for servicesLn 2g$129.3M
Investment incomeLn 3$30.2M
Other incomeLn 4–11$198K
Gains on assetsLn 7$27.3M
Total revenueLn 12$204.4M
Assets in detailPt X, end of year
CashLn 1$14.7M
SavingsLn 2$1.4M
Cash and savings togetherLn 1–2$16.1M
InvestmentsLn 11–13$244.9M
Land, buildings, equipmentLn 10c$542.6M
Total assetsLn 16$864.5M
LiabilitiesLn 26$185.6M
Net assetsLn 32$679.0M
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
LineStart FY24End FY24
Cash and savingsLn 1–2$4.1M$16.1M
InvestmentsLn 11–13$366.4M$244.9M
Land, buildings, equipmentLn 10c$467.4M$542.6M
Total assetsLn 16$883.8M$864.5M
LiabilitiesLn 26$154.5M$185.6M
Net assetsLn 32$729.3M$679.0M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$1.2M$1.2M
Pay of current officers, directors and key staffLn 5$1.6M$1.2M$383K
Other salaries and wagesLn 7$73.7M$56.0M$17.4M$292K
Other employee benefitsLn 9$15.1M$11.5M$3.6M
Payroll taxesLn 10$3.0M$2.3M$728K
Legal feesLn 11b$473K$359K$113K
Accounting feesLn 11c$2.8M$2.1M$674K
Advertising and promotionLn 12$636K$483K$153K
Office expensesLn 13$37.2M$28.3M$8.8M$165K
Information technologyLn 14$5.6M$4.3M$1.4M
OccupancyLn 16$761K$579K$183K
TravelLn 17$5.0M$3.8M$1.2M
InterestLn 20$5.8M$4.4M$1.4M
Depreciation, depletion and amortizationLn 22$18.3M$13.9M$4.4M
InsuranceLn 23$6.0M$4.5M$1.4M
Other expenses (24a–d)Ln 24$62.9M$47.8M$15.1M
Total functional expensesLn 25$240.1M$182.7M$56.9M$457K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Viewing $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 I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (4 parts)
Part VIII · Statement of revenue $204,439,563 across 9 lines filed
VIII-1e Government grants$18,688,138
VIII-1f All other contributions, gifts and grants$26,048,686
VIII-1h Total contributions, gifts and grants$44,736,824
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $129,325,795 · Unrelated business −$378$129,325,417
VIII-3 Investment incomeExcluded from tax $2,845,454$2,845,454
VIII-6 Net rental income or lossRelated to mission −$59,258 · Unrelated business −$510,090−$569,348
VIII-7 Net gain or loss on sales of assetsRelated to mission $27,334,079$27,334,079
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $767,137$767,137
VIII-12 Total revenueRelated to mission $156,600,616 · Unrelated business −$510,468 · Excluded from tax $3,612,591$204,439,563
Part IX · Statement of functional expenses $240,073,296 across 16 lines filed
IX-2 Grants to domestic individualsPrograms $1,163,512$1,163,512
IX-5 Pay of current officers, directors and key staffPrograms $1,211,431 · Management $382,557$1,593,988
IX-7 Other salaries and wagesPrograms $56,040,061 · Management $17,404,805 · Fundraising $292,057$73,736,923
IX-9 Other employee benefitsPrograms $11,479,395 · Management $3,625,072$15,104,467
IX-10 Payroll taxesPrograms $2,304,067 · Management $727,600$3,031,667
IX-11b Legal feesPrograms $359,408 · Management $113,497$472,905
IX-11c Accounting feesPrograms $2,133,434 · Management $673,716$2,807,150
IX-12 Advertising and promotionPrograms $483,420 · Management $152,659$636,079
IX-13 Office expensesPrograms $28,282,250 · Management $8,766,149 · Fundraising $165,088$37,213,487
IX-14 Information technologyPrograms $4,277,385 · Management $1,350,753$5,628,138
IX-16 OccupancyPrograms $578,702 · Management $182,748$761,450
IX-17 TravelPrograms $3,770,143 · Management $1,190,571$4,960,714
IX-20 InterestPrograms $4,413,056 · Management $1,393,597$5,806,653
IX-22 Depreciation, depletion and amortizationPrograms $13,920,678 · Management $4,396,003$18,316,681
IX-23 InsurancePrograms $4,527,249 · Management $1,429,658$5,956,907
IX-24 Other expenses (24a–d)Programs $47,790,757 · Management $15,091,818$62,882,575
IX-25 Total functional expensesPrograms $182,734,948 · Management $56,881,203 · Fundraising $457,145$240,073,296
Part X · Balance sheet $864,544,695 assets, 18 lines filed
Asset lines not itemized here account for $3,191,766; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $3,357,470$14,678,547
X-2 Savings and temporary cash investmentsStart of year $696,480$1,430,517
X-3 Pledges and grants receivableStart of year $11,781,886$10,348,514
X-4 Accounts receivableStart of year $10,530,262$34,308,928
X-9 Prepaid expenses and deferred chargesStart of year $17,929,515$13,121,413
X-10c Land, buildings and equipment, netStart of year $467,409,242$542,574,261
X-11 Publicly traded securitiesStart of year $121,648,757$53,561,365
X-12 Other securitiesStart of year $244,732,733$191,329,384
X-16 Total assetsStart of year $883,846,859$864,544,695
X-17 Accounts payable and accrued expensesStart of year $19,064,115$13,056,809
X-19 Deferred revenueStart of year $33,636,375$38,593,682
X-20 Tax-exempt bond liabilitiesStart of year $93,609,649$101,120,368
X-25 Other liabilitiesStart of year $3,094,180$3,372,232
X-26 Total liabilitiesStart of year $154,516,355$185,568,677
X-27 Net assets without donor restrictionsStart of year $638,994,865$583,841,570
X-28 Net assets with donor restrictionsStart of year $90,335,639$95,134,448
X-32 Total net assets or fund balancesStart of year $729,330,504$678,976,018
X-33 Total liabilities and net assetsStart of year $883,846,859$864,544,695
Part XI · Reconciliation of net assets $678,976,018 net assets at year end
XI-1 Total revenue$204,439,563
XI-2 Total expenses$240,073,296
XI-3 Revenue less expenses−$35,633,733
XI-4 Net assets at start of year$729,330,504
XI-5 Net unrealized gains (losses) on investments−$19,056,344
XI-9 Other changes in net assets$4,335,591
XI-10 Net assets at end of year$678,976,018

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

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