BETHUNE-COOKMAN UNIVERSITY

EIN: 590704726 501(c)(3) Education

DAYTONA BEACH, FL

Total Revenue
$107,326,068
Total Expenses
$112,689,933
Total Assets
$230,094,684
Net Assets
$128,153,728
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Financial Trends

Organization Details

Formation Year
1904
Legal Domicile
FL
Phone
3864812042
Tax Period
2024-07-01 to 2025-06-30

BETHUNE-COOKMAN UNIVERSITY, founded in 1904, is a major nonprofit in the Education sector that reported $107.3M in total revenue in fiscal year 2024.

Mission

THE MISSION OF BETHUNE-COOKMAN UNIVERSITY IS TO EDUCATE A DIVERSE COMMUNITY OF LEARNERS TO BECOME RESPONSIBLE, PRODUCTIVE CITIZENS AND SOLUTION SEEKERS THROUGH THE PROMOTION OF FAITH, SCHOLARSHIP, CREATIVE ENDEAVORS, LEADERSHIP AND SERVICE.

Program Service Accomplishments

Program 1
Expenses: $35,942,533 Revenue: $42,582,019

INSTRUCTION: BETHUNE-COOKMAN UNIVERSITY HAS FOUR ACADEMIC COLLEGES: BUSINESS & ENTREPRENEURSHIP; ARTS AND HUMANITIES; NURSING AND HEALTH SCIENCES; SCIENCE, ENGINEERING & MATHEMATICS TO AWARD...

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INSTRUCTION: BETHUNE-COOKMAN UNIVERSITY HAS FOUR ACADEMIC COLLEGES: BUSINESS & ENTREPRENEURSHIP; ARTS AND HUMANITIES; NURSING AND HEALTH SCIENCES; SCIENCE, ENGINEERING & MATHEMATICS TO AWARD BACHELOR'S AND MASTER'S DEGREES.

Program 2
Expenses: $27,877,995 Revenue: $27,645,185

AUXILIARY SERVICES: THROUGH ITS FOOD SERVICES DEPARTMENT, MEAL PLANS ARE PROVIDED FOR STUDENTS LIVING ON CAMPUS. A CAFETERIA, IN ADDITION TO A STARBUCKS CAFE AND WORLD OF WINGS ARE ALSO AVAILABLE FOR...

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AUXILIARY SERVICES: THROUGH ITS FOOD SERVICES DEPARTMENT, MEAL PLANS ARE PROVIDED FOR STUDENTS LIVING ON CAMPUS. A CAFETERIA, IN ADDITION TO A STARBUCKS CAFE AND WORLD OF WINGS ARE ALSO AVAILABLE FOR OFF-CAMPUS STUDENTS, FACULTY AND VISITORS. VARIOUS ATHLETIC PROGRAMS ARE ALSO OFFERED FOR STUDENTS. THE UNIVERSITY ALSO MAINTAINS SEVEN RESIDENCE HALLS THAT PROVIDE FULL LIVING FACILITIES FOR APPROXIMATELY 1,800 STUDENTS. ALL RESIDENCE HALLS ARE CONNECTED TO THE INTERNET. THE BOOKSTORE OFFERS TEXTBOOKS AND OTHER SUPPLIES FOR THE STUDENTS.

Program 3
Expenses: $21,064,003 Revenue: $0

STUDENT AID: GRANTS AND SCHOLARSHIPS WERE PROVIDED TO STUDENTS BASED ON ACADEMIC AND ATHLETIC ACHIEVEMENT, AND FINANCIAL NEED. THE UNIVERSITY ALSO PARTICIPATES IN VARIOUS FEDERAL AND STATE PROGRAMS...

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STUDENT AID: GRANTS AND SCHOLARSHIPS WERE PROVIDED TO STUDENTS BASED ON ACADEMIC AND ATHLETIC ACHIEVEMENT, AND FINANCIAL NEED. THE UNIVERSITY ALSO PARTICIPATES IN VARIOUS FEDERAL AND STATE PROGRAMS OFFERING FINANCIAL AID TO STUDENTS.

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Trantor Score

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $35,174,594
Program Service Revenue $71,394,711
Investment Income $723,948
Other Revenue $32,815
TOTAL REVENUE $107,326,068

Expense Breakdown

Grants Paid $21,064,003
Salaries & Benefits $39,758,085
Fundraising Expenses $1,844,686
Program Expenses $93,766,086
Other Expenses $51,867,845
TOTAL EXPENSES $112,689,933

Year-over-Year Comparison

2024 2023 Change
Revenue $107,326,068 $100,202,224 +0.1%
Expenses $112,689,933 $104,936,561 +0.1%
Net Income $-5,363,865 $-4,734,337 +0.1%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
10
Independent Members
10
Employees
968
Volunteers
10

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
6
$885,659
Total Directors
10
$0
Key Employees
3
$890,674
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JEFFERY E BRANCH VICE CHAIR 1.0
Officer Director
$0 $0 $0
JENNIFER ADAMS SECRETARY 1.0
Officer Director
$0 $0 $0
JOYOURS PETE GAMBLE BOARD CHAIR 1.0
Officer Director
$0 $0 $0
ADM DAVID BREWER III TRUSTEE 1.0
Director
$0 $0 $0
COURTNEY RHODES TRUSTEE 1.0
Director
$0 $0 $0
DERRICK SCOTT III TRUSTEE 1.0
Director
$0 $0 $0
GREGORIO A FRANCIS ESQ TRUSTEE 1.0
Director
$0 $0 $0
JOHN CROSSMAN TRUSTEE 1.0
Director
$0 $0 $0
MARC O'FERRALL TRUSTEE 1.0
Director
$0 $0 $0
REV GERALDINE MCCLELLAN TRUSTEE 1.0
Director
$0 $0 $0
DR KAREN BEARDON EXECUTIVE VICE PRESIDENT & CHIEF OPERATING OFFICER 40.0
Officer
$325,008 $0 $325,008
DR WILLIAM BERRY ACTING PRESIDENT/SR. VP 40.0
Officer
$350,537 $463 $351,000
JAMES A CLEVELAND CHIEF INVESTMENT OFFICER/VP FISCAL AFFAIRS 40.0
Officer
$206,713 $2,938 $209,651
DR CAMAILLE L SHEPARD VP ENROLLMENT MANAGEMENT 40.0
Key Emp
$162,400 $0 $162,400
REGINALD THEUS ATHLETIC DIRECTOR/BASKETBALL COACH 40.0
Key Emp
$530,775 $0 $530,775
VALENCIA GALLON- STUBBS VP OF LEGAL AFFAIRS AND GENERAL COUNSEL 40.0
Key Emp
$160,587 $36,912 $197,499
DR DAWN L EASTMOND DEAN COLLEGE OF SCIENCE ENGINEERING AND MATHEMATICS 40.0
Highest
$250,830 $30,601 $281,431
DR JAN A BOULWARE DEAN COLLEGE OF ARTS AND HUMANITIES 40.0
Highest
$205,587 $41,662 $247,249
DR SANDRA TUCKER DEAN COLLEGE OF NURSING AND HEALTH SCIENCES 40.0
Highest
$192,662 $671 $193,333
JARED BROOKS ESQ. BOARD RELATIONS & GOVERNMENT AFFAIRS 40.0
Highest
$191,685 $13,744 $205,429
RAYMOND WOODIE HEAD FOOTBALL COACH 40.0
Highest
$248,958 $1,042 $250,000
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $107,326,068 $112,689,933 $230,094,684 $-5,363,865
2024 No data No data No data No data
2023 $102,222,024 $102,226,385 $231,294,562 $-4,361
2022 $130,685,909 $111,603,409 $228,821,796 $19,082,500
2021 $117,726,569 $81,450,465 $214,110,723 $36,276,104
2020 $94,666,198 $95,542,033 $191,000,240 $-875,835
2019 $101,238,403 $108,566,171 $197,586,158 $-7,327,768
2018 $104,904,074 $114,829,386 $212,581,574 $-9,925,312
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