Fisk University FY2021 filing

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Fisk University produces graduates from diverse backgrounds with the integrity and intellect required for substantive contributions to society. Our curriculum is grounded in the liberal arts. Our faculty and administrators emphasize the discovery and advancement of knowledge through research in the natural and social sciences, business and the humanities. We are committed to the success of scholars and leaders with global perspective.

501(c)(3) charity; gifts are tax-deductible.
62¢ of each $1 spent went to programs.
$1.9M 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

FY2021 · 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
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 6
filings with a surplus
Average surplus $5.4M a year · 9% of revenue · last 6 filings
Fine: a surplus in 5 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
62%
of spending
Worth a look: 62% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$1.9M
to officers and key staff · 4% of spending
Looks good: pay to officers and key staff is 4% of spending; 15% or less.
Pt VII · Sec A
3 mo
of spending, in cash
Plus $114.6M in investments, Pt X · Ln 11–13
Fine: 2.6 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
6
named funders · $274K
Looks good: 6 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$19.2M
11% of total assets
Looks good: liabilities are 11% of assets; 50% or less.
Pt X · Ln 26
Independent board members
18
of 23 voting members
Looks good: 18 of 23 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$54.5M
+8% vs prior year
Spent
$42.5M
To programs
62%
Net assets
$155.9M
By yearFY2020–FY2025
Revenue
$54.5M
FY2021▲ +8%
Tap a bar for its year
Revenue by fiscal year
FY2020$50.6M
FY2021$54.5M
FY2022$58.5M
FY2023$56.2M
FY2024$61.4M
FY2025$64.1M
Expenses
$42.5M
FY2021▲ +4%
Tap a bar for its year
Expenses by fiscal year
FY2020$40.8M
FY2021$42.5M
FY2022$48.5M
FY2023$55.2M
FY2024$59.4M
FY2025$66.5M
Net assets
$155.9M
FY2021▲ +11%
Tap a bar for its year
Net assets by fiscal year
FY2020$140.8M
FY2021$155.9M
FY2022$163.2M
FY2023$165.5M
FY2024$169.4M
FY2025$163.3M

From the FY2021 Form 990 (year ending June 2021) · figures checked against the IRS filing · see the original

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You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Nov 1934.

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

Where the money goes

62 cents of each dollar spent went to programs.

Program services 62% · $26.6M Management & general 35% · $14.8M Fundraising 3% · $1.2M

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

39 people listed on the 990; $1.9M paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
$339,405Pt VII · Sec A
SR. VP for Instit. Adv. & Enrollment Mgt.
$195,215Pt VII · Sec A
Vice President for Finance
$193,019Pt VII · Sec A
$192,007Pt VII · Sec A
Professor
$167,583Pt VII · Sec A
Associate Vice Provost for
$125,769Pt VII · Sec A
Executive Director of Special Projects
$116,560Pt VII · Sec A
Assistant Professor
$114,892Pt VII · Sec A

Angenia Clark’s $358K as President is at the 75th 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

NameFY2025FY2024FY2023FY2022FY2021FY2020
Vann R Newkirk SR PHD——$480,467$340,395$192,007—
Angenia Clark$357,500$83,022————
Kevin D Rome SR—————$352,088
Kevin Darnell Rome———$183,750$339,405—
Jens Frederiksen—$208,595$196,053$220,000$195,215$171,148
Wendy Thompson$215,000—————
Arnold Burger$181,967$181,967$201,909$179,484$167,583$137,596
Sufyan Baksh$197,130$168,080————

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 Fisk University executive salaries →

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 diverse students with integrity and intellect for societal contributions.

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1 program · $26.6M · in their own filed words · FY2020
01

The organization is an institution of higher education andprovides instruction scholarships and various supportservices in achieving its primary purpose of educatingstudents.

$26.6Mprogram 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
See all 6 funders →
Grants paid · 5 grants · $72.6M · 2019–2024
Unitemized GrantFY2024$18,788,093
Unitemized GrantFY2023$16,048,419
Unitemized GrantFY2022$14,439,311
Unitemized GrantFY2020$11,231,267
Unitemized GrantFY2019$12,116,109

Federal money

Single Audit · Federal Audit Clearinghouse · money spent from federal programs
Year ending Jun 2025 · $46.2M federal money spent
Federal Direct Student LoansDepartment of Education · ALN 84.268 · Direct$15.1M
Federal Pell Grant ProgramDepartment of Education · ALN 84.063 · Direct$6.7M
Higher Education Institutional AidDepartment of Education · ALN 84.031 · Direct$6.5M
Stem Education (formerly Education and Human Resources)National Science Foundation · ALN 47.076 · Direct$5.8M
Federal Perkins Loan Program_federal Capital ContributionsDepartment of Education · ALN 84.038 · Direct$2.8M

Plus 23 smaller programs.

The auditor reported 14 findings: a weakness in money controls.

Year ending Jun 2024 · $20.8M federal money spent
Federal Direct Student LoansDepartment of Education · ALN 84.268 · Direct$6.6M
Higher Education Institutional AidDepartment of Education · ALN 84.031 · Direct$2.9M
Federal Pell Grant ProgramDepartment of Education · ALN 84.063 · Direct$2.8M
Stem Education (formerly Education and Human Resources)National Science Foundation · ALN 47.076 · Direct and through Vanderbilt University$2.4M
Federal Perkins Loan Program_federal Capital ContributionsDepartment of Education · ALN 84.038 · Direct$1.4M

Plus 20 smaller programs.

The auditor reported 10 findings: a weakness in money controls.

Year ending Jun 2023 · $24.9M federal money spent
Federal Direct Student LoansDepartment of Education · ALN 84.268 · Direct$6.4M
Education Stabilization FundDepartment of Education · ALN 84.425 · Direct$5.4M
Higher Education_institutional AidDepartment of Education · ALN 84.031 · Direct$4.1M
Federal Pell Grant ProgramDepartment of Education · ALN 84.063 · Direct$2.6M
Education and Human ResourcesNational Science Foundation · ALN 47.076 · Direct$1.5M

Plus 15 smaller programs.

The auditor reported no findings.

Year ending Jun 2022 · $21.1M federal money spent
Federal Direct Student LoansDepartment of Education · ALN 84.268 · Direct$6.3M
Education Stabilization FundDepartment of Education · ALN 84.425 · Direct$4.0M
Higher Education_institutional AidDepartment of Education · ALN 84.031 · Direct$2.6M
Federal Pell Grant ProgramDepartment of Education · ALN 84.063 · Direct$2.5M
Education and Human ResourcesNational Science Foundation · ALN 47.076 · Direct$1.9M

Plus 13 smaller programs.

The auditor reported 2 findings: a weakness in money controls.

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$54.5M
Ln 12
Gifts and grantsLn 1h$28.7M
Fees for servicesLn 2g$20.0M
Other incomeLn 4–11$4.1M
Money outPt IX
$42.5M
Ln 25
Programscol B$26.6M
Managementcol C$14.8M
Fundraisingcol D$1.2M
Owns and owesPt X
$155.9M
net assets · Ln 32
Cash and savingsLn 1–2$9.1M
Total assetsLn 16$175.1M
LiabilitiesLn 26$19.2M
PeoplePt VI, VII
39
listed · VII A
PaidVII A12
Voting boardVI 1a23
IndependentVI 1b18
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$28.7M
Government grantsLn 1e$9.4M
Fees for servicesLn 2g$20.0M
Investment incomeLn 3$1.6M
Other incomeLn 4–11$4.1M
Gains on assetsLn 7$1.1M
Total revenueLn 12$54.5M
Assets in detailPt X, end of year
CashLn 1$9.1M
Cash and savings togetherLn 1–2$9.1M
Pledges and grants receivableLn 3$14.0M
Accounts receivableLn 4$11.2M
Notes and loans receivableLn 7$39K
Inventories for sale or useLn 8$191K
Prepaid expenses and deferred chargesLn 9$735K
Land, buildings, equipmentLn 10c$25.2M
InvestmentsLn 11–13$114.6M
Total assetsLn 16$175.1M
LiabilitiesLn 26$19.2M
Net assetsLn 32$155.9M
OperationsPt I, VI
EmployeesI 5663
VolunteersI 60
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3More from this return
EndowmentSch D · Pt V
LineFY21FY20FY19FY18FY17
End of yearLn 1g$33.7M$26.1M$25.5M$23.3M$20.9M
Given inLn 1b$4.6M$745K$2.1M$1.4M$823K
SpentLn 1d–1f$1.1M$1.0M$1.3M$643K$460K
4Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$4.4M$9.1M
InvestmentsLn 11–13$108.6M$114.6M
Land, buildings, equipmentLn 10c$23.1M$25.2M
Total assetsLn 16$159.2M$175.1M
LiabilitiesLn 26$18.4M$19.2M
Net assetsLn 32$140.8M$155.9M
5Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$11.2M$11.2M
Pay of current officers, directors and key staffLn 5$2.1M$1.6M$462K$99K
Other salaries and wagesLn 7$9.6M$7.0M$2.1M$443K
Other employee benefitsLn 9$3.1M$2.3M$674K$144K
Other fees for servicesLn 11g$2.6M$1.6M$928K$49K
Information technologyLn 14$1.3M$101K$958K$281K
OccupancyLn 16$4.1M$16K$4.1M
TravelLn 17$62K$49K$9K$3K
InterestLn 20$1.3M$960$1.3M
Depreciation, depletion and amortizationLn 22$1.7M$1.7M
InsuranceLn 23$352K$2K$350K
Other expenses (24a–d)Ln 24$5.1M$2.7M$2.2M$144K
Total functional expensesLn 25$42.5M$26.6M$14.8M$1.2M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 LatestFiled with the IRS Aug 18, 2026 $64.1M$66.5M−$2.4M$163.3M 990 PDF
FY2024Filed with the IRS May 13, 2025 $61.4M$59.4M$2.0M$169.4M 990 PDF
FY2023Filed with the IRS Jan 17, 2025 $56.2M$55.2M$931K$165.5M 990 PDF
FY2022Filed with the IRS May 15, 2023 $58.5M$48.5M$10.1M$163.2M 990 PDF
FY2021 ViewingFiled with the IRS Nov 12, 2021 $54.5M$42.5M$12.0M$155.9M 990 PDF
FY2020Filed with the IRS Mar 29, 2021 $50.6M$40.8M$9.9M$140.8M 990 PDF

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 FY2021 990 (6 parts)
Part I · Summary $54,477,071 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $21,609,155$28,735,620
I-9 Program service revenuePrior year $20,102,981$20,004,101
I-10 Investment incomePrior year $832,692$1,636,511
I-11 Other revenuePrior year $8,084,705$4,100,839
I-12 Total revenuePrior year $50,629,533$54,477,071
I-13 Grants and similar amounts paidPrior year $12,116,109$11,231,267
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $15,083,269$14,802,061
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $13,578,392$16,474,405
I-18 Total expensesPrior year $40,777,770$42,507,733
I-19 Revenue less expensesPrior year $9,851,763$11,969,338
Part VI · Governance 18 of 23 board members independent, no flags
VI-1a Voting members of the governing body23
VI-1b Independent voting members18
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 $54,477,071 across 8 lines filed
VIII-1e Government grants$9,403,081
VIII-1f All other contributions, gifts and grants$19,332,539
VIII-1h Total contributions, gifts and grants$28,735,620
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $20,004,101$20,004,101
VIII-3 Investment incomeExcluded from tax $552,882$552,882
VIII-7 Net gain or loss on sales of assetsRelated to mission $1,083,629$1,083,629
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $4,100,839$4,100,839
VIII-12 Total revenueRelated to mission $25,188,569 · Unrelated business $0 · Excluded from tax $552,882$54,477,071
Part IX · Statement of functional expenses $42,507,733 across 12 lines filed
IX-2 Grants to domestic individualsPrograms $11,231,267$11,231,267
IX-5 Pay of current officers, directors and key staffPrograms $1,571,531 · Management $461,788 · Fundraising $98,931$2,132,250
IX-7 Other salaries and wagesPrograms $7,044,035 · Management $2,069,862 · Fundraising $443,437$9,557,334
IX-9 Other employee benefitsPrograms $2,293,987 · Management $674,079 · Fundraising $144,411$3,112,477
IX-11g Other fees for servicesPrograms $1,590,719 · Management $928,185 · Fundraising $49,198$2,568,102
IX-14 Information technologyPrograms $101,476 · Management $957,907 · Fundraising $281,174$1,340,557
IX-16 OccupancyPrograms $15,650 · Management $4,080,747$4,096,397
IX-17 TravelPrograms $49,480 · Management $9,043 · Fundraising $3,009$61,532
IX-20 InterestPrograms $960 · Management $1,341,026$1,341,986
IX-22 Depreciation, depletion and amortizationManagement $1,660,335$1,660,335
IX-23 InsurancePrograms $2,484 · Management $349,957$352,441
IX-24 Other expenses (24a–d)Programs $2,661,670 · Management $2,247,291 · Fundraising $144,094$5,053,055
IX-25 Total functional expensesPrograms $26,563,259 · Management $14,780,220 · Fundraising $1,164,254$42,507,733
Part X · Balance sheet $175,139,464 assets, 19 lines filed
X-1 Cash, non-interest-bearingStart of year $4,399,695$9,096,463
X-3 Pledges and grants receivableStart of year $13,204,064$14,002,132
X-4 Accounts receivableStart of year $9,029,479$11,247,621
X-7 Notes and loans receivableStart of year $39,291$39,291
X-8 Inventories for sale or useStart of year $249,325$190,731
X-9 Prepaid expenses and deferred chargesStart of year $533,167$735,451
X-10c Land, buildings and equipment, netStart of year $23,122,682$25,229,713
X-12 Other securitiesStart of year $24,787,746$30,803,824
X-13 Program-related investmentsStart of year $83,792,236$83,794,238
X-16 Total assetsStart of year $159,157,685$175,139,464
X-17 Accounts payable and accrued expensesStart of year $933,444$1,665,549
X-19 Deferred revenueStart of year $587,856$1,738,834
X-23 Secured mortgages and notes payableStart of year $16,605,782$15,516,305
X-25 Other liabilitiesStart of year $267,168$307,689
X-26 Total liabilitiesStart of year $18,394,250$19,228,377
X-27 Net assets without donor restrictionsStart of year $100,375,510$104,215,405
X-28 Net assets with donor restrictionsStart of year $40,387,925$51,695,682
X-32 Total net assets or fund balancesStart of year $140,763,435$155,911,087
X-33 Total liabilities and net assetsStart of year $159,157,685$175,139,464
Part XI · Reconciliation of net assets $155,911,087 net assets at year end
XI-1 Total revenue$54,477,071
XI-2 Total expenses$42,507,733
XI-3 Revenue less expenses$11,969,338
XI-4 Net assets at start of year$140,763,435
XI-5 Net unrealized gains (losses) on investments$3,178,314
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$155,911,087

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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