Philander Smith College EIN 71-0239729 Form 990 (PDF) Claim this org

Philander Smith College

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Educates students at a historically Black, four-year liberal arts college affiliated with the United Methodist Church. For fiscal year 2023 it reported $25.3M in revenue, $29.7M in expenses, and $55.3M in net assets.Pt I

Founded
1905
Type
Higher education institution · Colleges & Universities
Location
Little Rock, AR
Website
www.philander.edu
Filings
4 on file (2020–2023)
Revenue
$25.3MFY2023
Expenses
$29.7M
Net assets
$55.3M
People
26
Filings
4
Updates
0
More identity details & actions ⌄
EIN  71-0239729 Higher education institution Little Rock, AR Founded 1905
Form 990 (PDF)
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Figures match the IRS filing checked 8/9/26 · see original: IRS
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Size
$10–100M
What they do
Educates students at a historically Black, four-year liberal arts college affiliated with the United Methodist Church.
Leadership
Dr Roderick L Smothers SR · President · $449K
Money in and out
$25.3M revenue, $29.7M expenses
Bottom line
-17% operating surplus
Financial scale & money flow · FY2023
Total revenue
$25.3M
Pt VIII · Ln 12
Total expenses
$29.7M
Pt IX · Ln 25
Net assets
$55.3M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$4.4M
Where spending went · Part IX cols B–D
Program services $0.76 Management & general $0.24
Operating surplus
-17%
revenue over expenses, this legal entity▼ -229% vs prior filing year
Payroll share
4%
of this entity's spending is salaries & benefits▼ -88% vs prior filing year
Program spending
76%
of expenses reach program services▼ -2% vs prior filing year

Summary of the Filing

Part I · fiscal year 2023 · Form 990
Revenue
$25.3M
FY2023▼ -19%
Expenses
$29.7M
FY2023▲ +9%
Total assets
$67.9M
FY2023▲ +4%
Total liabilities
$12.6M
FY2023▲ +73%
Total revenue
$25.3M
Pt VIII · Ln 12
Total expenses
$29.7M
Pt IX · Ln 25
Net assets
$55.3M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$4.4M
Total assetsPt X · Ln 16$67.9M
Program-expense ratioPt IX · col B76%
Voting members of governing bodyPt I · Ln 319
Independent voting membersPt I · Ln 419

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CPhilander Smith College
EINHdr · item D71-0239729
Principal addressHdr · item CLittle Rock, AR
WebsiteHdr · item Jwww.philander.edu
Year of formationHdr · item L1905
State of legal domicileHdr · item MAR
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFColleges & Universities (B420)
Ruling yearIRS BMFApr 1944

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a19
Independent voting membersPt VI · Ln 1b19
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
$448,757Pt VII · Sec A
Vice President of Sponsored Programs
$135,670Pt VII · Sec A
Vice President of Institutional Advancement
$118,469Pt VII · Sec A
Vice President of Student Affairs and Enrollment Management
$114,076Pt VII · Sec A
Interim Vice President of Academic Affairs
$110,089Pt VII · Sec A
$108,799Pt VII · Sec A
Vice President of Fiscal Affairs
$77,391Pt VII · Sec A
$0Pt VII · Sec A

Dr Roderick L Smothers SR’s $449K as President is at the 85th 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

NameFY2023FY2022FY2021FY2020
Dr Roderick L Smothers SR$422,245$487,934$345,208
Dr Roderick L Smothers SR$448,757
Ms Latonya Hayes$135,670
Latonya Hayes$126,247$110,837$103,502
Dr Zollie Stevenson$122,054
Mr Charles King$118,469
Tamika Edwards$115,546
Dr Gregory Hudson$114,076

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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Mission & Programs · Part III

Where the work happens

2 program services account for $22.5M of program spending, described in the organization's own filed words · FY2022.
01

Philander Smith College offers four degrees, including the Bachelor of Business Administration, the Bachelor of Science, the Bachelor of Social Work, and the Bachelor of Arts, as well as certificates and dual credits for College and Career pathways.

$18.0Mprogram expense
02

Auxiliary Enterprise supports the Universitys 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.

$4.5Mprogram expense

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Statement of Revenue

Part VIII
Program service revenue$14.4M · 57%
Contributions & grants$10.7M · 42%
Other revenue$278K · 1%
Program service revenue57%$14.4M
Contributions & grants42%$10.7M
Other revenue1%$278K
— government grantsLn 1e$5.3M
Total revenueLn 12$25.3M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.76 Management & general $0.24
Program services76%$22.5M
Management & general24%$7.3M
Total functional expensesLn 25$29.7M

Balance Sheet

Part X · end of year
CashLn 1$8.4M
Total assetsLn 16$67.9M
Total liabilitiesLn 26$12.6M
Total net assetsLn 32$55.3M
Months of cash on handcomputed3.4

Financial Metrics

Form 990 · FY2023 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $18.6M · Operating expenses/yr $29.7M
7.5 months
Where the money goes
Program services
Program services $22.5M · Total expenses $29.7M
76%
Management & General
Management & general $7.3M · Total expenses $29.7M
24%
Fundraising
Fundraising $0 · Total expenses $29.7M
0%
Cost to raise $1
Fundraising expense (3-yr avg) $202K · Solicited contributions (3-yr avg) $5.8M
$0.03 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $10.7M · Total revenue $25.3M
42%
Government reliance
Government grants $5.3M · Total revenue $25.3M
21%
Earned-income share
Program service revenue $14.4M · Total revenue $25.3M
57%
Investment reliance
Investment income $0 · Total revenue $25.3M
0%
Program self-sufficiency
Program service revenue $14.4M · Total expenses $29.7M
48%
Growth & trend
Revenue growth (YoY)
This year $25.3M · Prior year $31.4M
-19%
Net-asset trend (YoY)
End of year $55.3M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $25.3M · Expenses $29.7M
-17%
Liabilities-to-Assets
Total liabilities — · Total assets $67.9M
Net-asset ratio
Net assets $55.3M · Total assets $67.9M
81%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $10.2M · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $67.9M
15%
People & payroll
Highest Reported Total Compensation
Individual Dr Roderick L Smothers SR · Reported title President · Highest reported compensation $449K · Total expenses $29.7M
2%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $1.2M · Total expenses $29.7M
4%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 76%
Overhead ratio 24%
Fundraising cost ratio 0%
Revenue growth -19%
Investment management fee ratio 0%
Legal fee ratio 0%
Accounting fee ratio 0%

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

Schedule I · received and paid
Grants received · FY2025
J D Walthour TrFY2025$22K
Total grants receivedfrom 1 funder$22K
Grants paid · 6 grants · $11.1M · 2019–2022
Unitemized GrantFY2022$4,838,289
Unitemized GrantFY2021$1,801,375
Unitemized GrantFY2021$1,495,153
Unitemized GrantFY2020$1,428,764
Unitemized GrantFY2020$986,910
Unitemized GrantFY2019$520,100

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2023 (Latest)$25.3M revenue · viewing · ⤓ 990 PDF
FY2022$31.4M revenue · ⤓ 990 PDF
FY2021$53.4M revenue · ⤓ 990 PDF
FY2020$26.6M revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2023IRS
Classification, formation year, addressIRS Business Master File
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