Rust College
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Helps students earn four-year college degrees. For fiscal year 2024 it reported $31.8M in revenue, $25.5M in expenses, and $80.0M in net assets.Pt I
Summary of the Filing
Where the work happens
Private Four Year Historical Black College
Post Secondary General Education Performance Grants and Contracts Ageements
Post Secondary Education, Government and State Agencies For SEOG, FWS, FFEL, Title III and 137 Needs and Performances
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Identity & Classification
Governance & Policies
Officers, Directors & Key Employees
Dr Robert Dixon’s $225K as President is at the 46th percentile of top reported officer pay among 3682 $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
| Name | FY2024 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Dr Ivy R Taylor | — | — | $230,275 | — | $220,000 | $218,900 |
| Dr Robert Dixon | $225,000 | $225,000 | — | — | — | — |
| Dr Ivy Taylor | — | — | — | $220,000 | — | — |
| Mrs Willie Hughey | — | — | $150,000 | — | — | — |
| Dr Adell Brown | — | — | — | $150,000 | — | — |
| Mr Mahmoud Lamadanie | $140,000 | $140,000 | — | — | — | — |
| Rolundus R Rice | — | — | $131,250 | — | — | — |
| Jason K Johnson | — | — | $131,250 | — | — | — |
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 | 87% | — | — |
| Overhead ratio | 13% | — | — |
| Fundraising cost ratio | 2% | — | — |
| Revenue growth | 125% | — | — |
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.
Grants
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Filings & Schedule Manifest
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Sources
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