Philander Smith College FY2022 filing

Tax-deductible

Little Rock, AR501(c)(3)Since 1905Colleges & UniversitiesEIN 71-0239729Revenue $31.4M in FY2022

On file with the IRSphilander.edu812 W 13th St, 72202-3718 · Little Rock, ARTax-exempt since Apr 1944School — 170(b)(1)(A)(ii)

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Historically black, four-year liberal arts institution related to the united methodist church.

501(c)(3) charity; gifts are tax-deductible.
77¢ of each $1 spent went to programs.
$948K 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

FY2022 · 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
FY2023
latest Form 990
Fine: the latest return is for FY2023, 3 tax years back; within 3 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 4
filings with a surplus
Average surplus $6.8M a year · 20% of revenue · last 4 filings
Worth a look: a surplus in 2 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
77%
of spending
Looks good: 77% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$948K
to officers and key staff · 3% of spending
Looks good: pay to officers and key staff is 3% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
3 mo
of spending, in cash
Looks good: 3.3 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $36K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$7.3M
11% of total assets
Looks good: liabilities are 11% of assets; 50% or less.
Pt X · Ln 26
Independent board members
19
of 19 voting members
Looks good: 19 of 19 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$31.4M
-41% vs prior year
Spent
$27.2M
To programs
77%
Net assets
$58.0M
By yearFY2020–FY2023
Revenue
$31.4M
FY2022▼ -41%
Tap a bar for its year
Revenue by fiscal year
FY2020$26.6M
FY2021$53.4M
FY2022$31.4M
FY2023$25.3M
Expenses
$27.2M
FY2022▲ +10%
Tap a bar for its year
Expenses by fiscal year
FY2020$27.7M
FY2021$24.8M
FY2022$27.2M
FY2023$29.7M
Net assets
$58.0M
FY2022▲ +2%
Tap a bar for its year
Net assets by fiscal year
FY2020$26.7M
FY2021$56.9M
FY2022$58.0M
FY2023$55.3M

From the FY2022 Form 990 (year ending June 2022) · 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: FY2023. IRS ruling in Apr 1944.

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

Where the money goes

77 cents of each dollar spent went to programs.

Program services 77% · $21.0M Management & general 22% · $5.9M Fundraising 1% · $299K

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

25 people listed on the 990; $948K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2021); the FY2022 filing did not itemize Part VII
$422,245Pt VII · Sec A
VP for Sponsored Programs
$126,247Pt VII · Sec A
VP for Institutional Advancement
$113,884Pt VII · Sec A
VP of Student Affairs and Enrollment
$109,965Pt VII · Sec A
Interim VP for Academic Affairs
$102,557Pt VII · Sec A
VP for Fiscal Affairs
$73,017Pt VII · Sec A
$0Pt 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 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

NameFY2023FY2022FY2021FY2020
Dr Roderick L Smothers SR$448,757$422,245$487,934$345,208
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$109,965$106,922—
Charles King—$113,884$111,083—

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 students at a historically Black, four-year liberal arts college affiliated with the United Methodist Church.

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Provided by the organization

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1 program · $21.0M · in their own filed words · FY2021
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.

$21.0Mprogram 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
J D Walthour TrFY2025$22K
Total grants receivedfrom 2 funders$36K
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

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$31.4M
Ln 12
Gifts and grantsLn 1h$19.1M
Fees for servicesLn 2g$11.7M
Investment incomeLn 3$382K
Money outPt IX
$27.2M
Ln 25
Programscol B$21.0M
Managementcol C$5.9M
Fundraisingcol D$299K
Owns and owesPt X
$58.0M
net assets · Ln 32
Cash and savingsLn 1–2$7.4M
Total assetsLn 16$65.3M
LiabilitiesLn 26$7.3M
PeoplePt VI, VII
25
listed · VII A
PaidVII A6
Voting boardVI 1a19
IndependentVI 1b19
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$19.1M
Government grantsLn 1e$11.4M
Noncash giftsLn 1g$10K
Fees for servicesLn 2g$11.7M
Investment incomeLn 3$382K
Other incomeLn 4–11$221K
Gains on assetsLn 7$126K
Total revenueLn 12$31.4M
Assets in detailPt X, end of year
CashLn 1$6.3M
SavingsLn 2$1.1M
Cash and savings togetherLn 1–2$7.4M
InvestmentsLn 11–13$12.2M
Land, buildings, equipmentLn 10c$39.8M
Other assetsLn 15$2.6M
Total assetsLn 16$65.3M
LiabilitiesLn 26$7.3M
Net assetsLn 32$58.0M
OperationsPt I, VI
EmployeesI 5389
VolunteersI 6291
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$8.1M$7.4M
InvestmentsLn 11–13$11.6M$12.2M
Land, buildings, equipmentLn 10c$40.9M$39.8M
Total assetsLn 16$65.3M$65.3M
LiabilitiesLn 26$8.4M$7.3M
Net assetsLn 32$56.9M$58.0M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$7.0M$7.0M
Pay of current officers, directors and key staffLn 5$633K$190K$443K
Other salaries and wagesLn 7$7.1M$5.1M$1.9M$208K
Pension plan contributionsLn 8$250K$101K$144K$4K
Other employee benefitsLn 9$513K$323K$178K$12K
Payroll taxesLn 10$542K$352K$174K$15K
Legal feesLn 11b$150K$150K
Accounting feesLn 11c$166K$166K
Investment management feesLn 11f$59K$59K
Other fees for servicesLn 11g$1.3M$154K$1.1M$5K
Advertising and promotionLn 12$38K$33K$5K$300
Office expensesLn 13$633K$265K$330K$39K
OccupancyLn 16$2.1M$1.9M$201K
TravelLn 17$584K$369K$213K$2K
Conferences, conventions and meetingsLn 19$12K$12K
InterestLn 20$317K$248K$68K
Depreciation, depletion and amortizationLn 22$2.3M$2.1M$228K
InsuranceLn 23$339K$306K$33K
Other expenses (24a–d)Ln 24$2.3M$1.9M$369K
All other expensesLn 24e$831K$652K$166K$14K
Total functional expensesLn 25$27.2M$21.0M$5.9M$299K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2023 Latest $25.3M$29.7M−$4.4M$55.3M 990 PDF
FY2022 Viewing $31.4M$27.2M$4.2M$58.0M 990 PDF
FY2021 $53.4M$24.8M$28.6M$56.9M 990 PDF
FY2020 $26.6M$27.7M−$1.1M$26.7M 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 FY2022 990 (6 parts)
Part I · Summary $31,438,360 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $21,547,337$19,139,759
I-9 Program service revenuePrior year $11,881,517$11,696,247
I-10 Investment incomePrior year $722,630$381,567
I-11 Other revenuePrior year $19,235,303$220,787
I-12 Total revenuePrior year $53,386,787$31,438,360
I-13 Grants and similar amounts paidPrior year $6,496,779$6,988,208
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $9,583,222$9,064,025
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $8,689,444$11,144,866
I-18 Total expensesPrior year $24,769,445$27,197,099
I-19 Revenue less expensesPrior year $28,617,342$4,241,261
Part VI · Governance 19 of 19 board members independent, 1 to look at
VI-1a Voting members of the governing body19
VI-1b Independent voting members19
VI-13 Written whistleblower policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $31,438,360 across 10 lines filed
VIII-1e Government grants$11,389,042
VIII-1f All other contributions, gifts and grants$7,750,717
VIII-1g Noncash contributions (included above)$10,000
VIII-1h Total contributions, gifts and grants$19,139,759
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $11,696,247$11,696,247
VIII-3 Investment incomeExcluded from tax $255,954$255,954
VIII-6 Net rental income or lossExcluded from tax $70,125$70,125
VIII-7 Net gain or loss on sales of assetsExcluded from tax $125,613$125,613
VIII-8 Net income from fundraising eventsExcluded from tax $150,662$150,662
VIII-12 Total revenueRelated to mission $11,696,247 · Unrelated business $0 · Excluded from tax $602,354$31,438,360
Part IX · Statement of functional expenses $27,197,099 across 20 lines filed
IX-2 Grants to domestic individualsPrograms $6,988,208$6,988,208
IX-5 Pay of current officers, directors and key staffPrograms $189,958 · Management $443,234$633,192
IX-7 Other salaries and wagesPrograms $5,054,860 · Management $1,864,148 · Fundraising $207,596$7,126,604
IX-8 Pension plan contributionsPrograms $101,487 · Management $144,087 · Fundraising $4,025$249,599
IX-9 Other employee benefitsPrograms $323,087 · Management $177,676 · Fundraising $11,925$512,688
IX-10 Payroll taxesPrograms $352,393 · Management $174,476 · Fundraising $15,073$541,942
IX-11b Legal feesManagement $150,290$150,290
IX-11c Accounting feesManagement $165,598$165,598
IX-11f Investment management feesManagement $59,133$59,133
IX-11g Other fees for servicesPrograms $153,928 · Management $1,106,002 · Fundraising $4,900$1,264,830
IX-12 Advertising and promotionPrograms $32,795 · Management $4,838 · Fundraising $300$37,933
IX-13 Office expensesPrograms $264,631 · Management $329,904 · Fundraising $38,918$633,453
IX-16 OccupancyPrograms $1,934,793 · Management $201,446$2,136,239
IX-17 TravelPrograms $368,790 · Management $213,135 · Fundraising $2,288$584,213
IX-19 Conferences, conventions and meetingsManagement $12,214$12,214
IX-20 InterestPrograms $248,489 · Management $68,339$316,828
IX-22 Depreciation, depletion and amortizationPrograms $2,120,040 · Management $228,096$2,348,136
IX-23 InsurancePrograms $306,414 · Management $32,967$339,381
IX-24 Other expenses (24a–d)Programs $1,896,629 · Management $368,508$2,265,137
IX-24e All other expensesPrograms $651,925 · Management $165,579 · Fundraising $13,977$831,481
IX-25 Total functional expensesPrograms $20,988,427 · Management $5,909,670 · Fundraising $299,002$27,197,099
Part X · Balance sheet $65,341,640 assets, 19 lines filed
X-1 Cash, non-interest-bearingStart of year $7,131,217$6,349,524
X-2 Savings and temporary cash investmentsStart of year $988,335$1,064,316
X-3 Pledges and grants receivableStart of year $79,864$2,658,112
X-4 Accounts receivableStart of year $1,620,223$426,863
X-8 Inventories for sale or useStart of year $6,760$8,911
X-9 Prepaid expenses and deferred chargesStart of year $189,124$274,561
X-10c Land, buildings and equipment, netStart of year $40,901,821$39,836,103
X-11 Publicly traded securitiesStart of year $729,207$3,041,017
X-12 Other securitiesStart of year $10,842,843$9,121,396
X-15 Other assetsStart of year $2,858,031$2,560,837
X-16 Total assetsStart of year $65,347,425$65,341,640
X-17 Accounts payable and accrued expensesStart of year $2,445,565$1,839,077
X-19 Deferred revenueStart of year $327,603$412,137
X-25 Other liabilitiesStart of year $817,361$621,436
X-26 Total liabilitiesStart of year $8,426,543$7,316,709
X-27 Net assets without donor restrictionsStart of year $41,463,498$40,928,272
X-28 Net assets with donor restrictionsStart of year $15,457,384$17,096,659
X-32 Total net assets or fund balancesStart of year $56,920,882$58,024,931
X-33 Total liabilities and net assetsStart of year $65,347,425$65,341,640
Part XI · Reconciliation of net assets $58,024,931 net assets at year end
XI-1 Total revenue$31,438,360
XI-2 Total expenses$27,197,099
XI-3 Revenue less expenses$4,241,261
XI-4 Net assets at start of year$56,920,882
XI-5 Net unrealized gains (losses) on investments−$2,607,013
XI-9 Other changes in net assets−$530,199
XI-10 Net assets at end of year$58,024,931

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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