2026-05-08T09:29:52-05:00 2025-06-30 332621854 CRI CAPIN CROUSE ADVISORS LLC 345 MASSACHUSETTS AVE STE 300 INDIANAPOLIS IN 46204 990 2024-07-01 580607083 MORRIS BROWN COLLEGE MORR 4044586085 643 MARTIN LUTHER KING JR DRIVE ATLANTA GA 30314 SHERMANETTA CARTER CFO 4044586085 2026-05-08 1 0 DAREN DAIGA P01074795 5055022746 2026-05-08 2024 2025-03-06 01:10:19Z DR KEVIN JAMES 643 MARTIN LUTHER KING JR DRIVE ATLANTA GA 30314 8422632 0 X WWW.MORRISBROWN.EDU X 1906 GA THE COLLEGE PROVIDES EDUCATIONAL OPPORTUNITIES IN A NURTURING ENVIRONMENT. 20 19 162 28 0 0 7128819 3601840 3691472 4350616 19843 63177 45804 104374 10885938 8120007 577708 827800 0 0 3180588 4338801 0 0 4474 2174736 3151452 5933032 8318053 4952906 -198046 12420838 12477615 963832 1165544 11457006 11312071 X IN ITS COMMITMENT TO ACADEMIC EXCELLENCE, MORRIS BROWN COLLEGE PROVIDES EXPERIENCES THAT FOSTER AND ENHANCE INTELLECTUAL, PERSONAL, AND INTERPERSONAL DEVELOPMENT FOR STUDENTS WHO HAVE DEMONSTRATED THE POTENTIAL TO COMPETE IN A CHALLENGING UNDERGRADUATE LIBERAL ARTS PROGRAM OF STUDY. 0 0 4790555 827800 4350616 TO SUSTAIN A LEARNING COMMUNITY IN WHICH STUDENTS CAN PREPARE ACADEMICALLY, SOCIALLY AND SPIRITUALLY FOR LEADERSHIP IN A COMPLEX, DIVERSE AND RAPIDLY CHANGING WORLD. MORRIS BROWN COLLEGE PROVIDES SCHOLARSHIPS TO DESERVING STUDENTS. THROUGH STUDENT AID, THE COLLEGE OFFERS SUPPORT IN THE FORM OF SCHOLARSHIPS, GRANTS, LOANS, AND WORK STUDY TO STUDENTS BASED ON FINANCIAL NEED TO ALLOW STUDENTS A COLLEGE EDUCATION WHO MAY NOT OTHERWISE BE ABLE TO ATTEND. 4790555 1 1 0 0 0 0 0 1 0 1 1 0 0 0 1 0 1 0 1 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 759 0 1 162 1 0 0 0 0 0 0 0 0 0 0 0 0 X 20 19 0 0 0 0 0 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 GA X SHERMANETTA CARTER 4044586085 643 MARTIN LUTHER KING JR DRIVE ATLANTA GA 30314 DR KEVIN E JAMES PRESIDENT 40.00 X X 271442 0 33711 DR JAMES PLENTY TRUSTEE-FACULTY REPRESENTATIVE (PART YEAR) 40.00 X 31231 0 0 REV DR REGINALD JACKSON CHAIRPERSON 1.00 X X 0 0 0 MR DARRYL HICKS VICE CHAIRPERSON 3.00 X X 0 0 0 TERRY COMER SECRETARY 1.00 X X 0 0 0 MR MOHAMED BALLA TRUSTEE 1.00 X 0 0 0 REV DR GWENDOLYN BOYD TRUSTEE 1.00 X 0 0 0 MR PEDRO A BRYANT TRUSTEE 3.00 X 0 0 0 DR JAMES B EWERS JR TRUSTEE 1.00 X 0 0 0 DR LISA HERRING TRUSTEE 1.00 X 0 0 0 MR CAMERON WILSON TRUSTEE (PART YEAR) 1.00 X 0 0 0 MR GREGORY JACKSON TRUSTEE 1.00 X 0 0 0 MR JETHRO JOSEPH TRUSTEE 1.00 X 0 0 0 DR JOY GUILFORD TRUSTEE 1.00 X 0 0 0 MRS SANDRA MASON TRUSTEE 1.00 X 0 0 0 MR SCOTT MORRIS TRUSTEE 1.00 X 0 0 0 DR MARVIN BROWN TRUSTEE 1.00 X 0 0 0 MR STEPHEN P SMITH ESQ TRUSTEE 1.00 X 0 0 0 MS LISA TOLLIVER TRUSTEE 1.00 X 0 0 0 JOHN FOSTER TRUSTEE 1.00 X 0 0 0 DAVID KEMP TRUSTEE 1.00 X 0 0 0 MARYBETH GASMAN TRUSTEE 1.00 X 0 0 0 SHERMANETTA CARTER CHIEF FINANCIAL OFFICER 40.00 X 117838 0 11742 DR TONEYCE RANDOLPH PROVOST / SR. VP FOR ACADEMIC AFFAIRS 40.00 X 109673 0 9094 DR JAMES ALLEN AVP OF ENROLLMENT STUDENT SERVICES 40.00 X 95925 0 12033 STEPHANIE GUNBY ASSOCIATE VP / DIRECTOR OF FINANCIAL AID 40.00 X 86211 0 2383 TODD BLACKBURN ASST. VP FOR INSTITUTIONAL ADVANCEMENT 40.00 X 52493 0 975 MELISSA WALLER EXEC. VP OF INST. ADV. & CHIEF FUNDRAISING OFFICER 40.00 X 38255 0 251 803068 0 70189 3 0 1 0 WILLIAMS BRO HANDYMAN CONSTRUCTION AND 3 CENTRAL PLAZA STE 188 ROME GA 30161 CONSTRUCTION 528395 PAUL'S ELECTRICAL SERVICE 185 WYCLIFFE DR LOCUST GROVE GA 30248 ELECTRICAL SERVICES 196100 ADB NETWORK CONSULTANTS LLC 3490 JUDGE BOBS COURT VILLA RICA GA 30180 IT HELPDESK 126351 3 2026625 1575215 3601840 TUITION AND FEES 611310 4350616 4350616 4350616 40535 40535 11221 11221 87860 0 87860 87860 87860 325267 302625 22642 22642 22642 5293 5293 5293 8120007 4350616 0 167551 827800 827800 967700 205956 761744 2933872 2031261 902611 8034 1710 6324 45879 9764 36115 383316 195148 188168 194493 194493 68335 68335 568121 80107 485014 3000 375099 369783 3849 1467 1798 1381 410 7 586818 407334 179484 544852 157873 386979 84437 44119 40318 87348 5845 81503 138855 19441 119414 278138 243026 35112 SUPPLIES & MATERIALS 210397 177246 33151 12761 12761 8318053 4790555 3523024 4474 4144944 2087744 831111 2023277 1328766 822401 234115 274179 494536 263149 7692138 2577252 4191217 5114886 1103499 1799329 92650 92650 12420838 12477615 375092 551488 588740 614056 963832 1165544 X 8514483 8633291 2942523 2678780 11457006 11312071 12420838 12477615 -198046 53111 0 X 0 1 X 1 1 1 X 2763787 2573283 3017591 7128819 3601840 19085320 2763787 2573283 3017591 7128819 3601840 19085320 1367384 17717936 6750 1391 90237 59333 139616 297327 82995 549423 63043 5684 5293 706438 20089085 12785604 0.88200 0.90000 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: OTHER INCOME - 2020 AMOUNT: $ 82,995. 2021 AMOUNT: $ 549,423. 2022 AMOUNT: $ 63,043. 2023 AMOUNT: $ 5,684. 2024 AMOUNT: $ 5,293. SCHEDULE A, PART II THE ORGANIZATION IS A SCHOOL AS DESCRIBED UNDER 170(B)(1)(A)(II) AND IS NOT REQUIRED TO COMPLETE A PUBLIC SUPPORT SCHEDULE. SCHEDULE A, PART II IS COMPLETED TO VERIFY THE SCHOOL CAN QUALIFY UNDER PUBLIC CHARITY STATUS SECTION 170(B)(1)(A)(VI) AND, THEREFORE, QUALIFIES TO USE THE FIRST LISTED SPECIAL RULE FOR SCHEDULE B REPORTING. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 92650 X X 0 950211 124622 208274 1283107 520416 380621 49174 87649 862562 342181 205260 60624 608065 108840 233341 342181 108840 108840 0.00000 1.00000 0.00000 0 0 1240046 1240046 6326184 2505087 3821097 125908 72165 53743 5114886 ASSET RETIRMENT OBLIGATION 614056 614056 7345318 53111 53111 7292207 827800 827800 8120007 7490253 0 7490253 827800 827800 8318053 PART III, LINE 4: ARTWORK, SOME OF WHICH WAS CREATED BY FORMER STUDENTS AND FACULTY, HELD TO PRESERVE THE CULTURAL HERITAGE OF THE INSTITUTION AND THE AFRICAN METHODIST EPISCOPAL CHURCH. PART V, LINE 4: THE PURPOSE OF THE COLLEGE'S ENDOWMENT IS TO PROVIDE SCHOLARSHIPS. PART XI, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS 827,800. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS 827,800. 1 1 0 1 1 1 1 0 0 0 0 0 0 0 0 1 1 1 SCHEDULE E, PART I, LINE 3 THE COLLEGE HAS UPDATED ITS WEBSITE TO BE IN FULL COMPLIANCE WITH THE REV. PROC. 2019-22 STANDARDS IN ORDER TO CHECK YES TO LINE 3 ON FUTURE FORM 990'S. THE ORGANIZATION'S NONDISCRIMINATORY POLICY IS PUBLISHED IN THE COLLEGE'S CATALOG. SCHEDULE E, PART I, LINE 6 LINE 6A: THE COLLEGE OFFERS SCHOLARSHIPS AND STUDENT FINANCIAL AID TO ASSIST WITH MEETING THE STUDENTS' FINANCIAL OBLIGATIONS. THE BUSINESS OFFICE HAS THE NECESSARY POLICIES AND PROCEDURES TO ENSURE THAT THE COLLEGE ADHERES TO AND COMPLIES WITH FEDERAL REGULATIONS REGARDING ELIGIBILITY FOR STUDENT FINANCIAL AID. REQUIREMENTS FOR RECEIVING SCHOLARSHIPS DEPEND UPON OTHER FACTORS, SUCH AS GRADE POINT AVERAGE, FAMILY INCOME, OR ATHLETIC TALENTS. THE COLLEGE RECEIVED GOVERNMENTAL AID AND ASSISTANCE FROM FEDERAL DIRECT STUDENT LOAN PROGRAMS, FEDERAL PELL GRANTS, FEDERAL WORK STUDY, AND FEDERAL SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANTS. LINE 6B: THE COLLEGE'S RIGHT TO PARTICIPATE IN FEDERAL STUDENT FINANCIAL ASSISTANCE PROGRAMS WITH THE U.S. DEPARTMENT OF EDUCATION (USDE) WAS PREVIOUSLY REVOKED. AS OF DECEMBER 10, 2021, THE COLLEGE'S RIGHT TO RECEIVE TITLE IV FEDERAL FINANCIAL AID FUNDING HAS BEEN RE-INSTATED BY THE USDE. 1 SCHOLARSHIPS 324 827800 PART I, LINE 2: ALL SCHOLARSHIPS ARE AWARDED BASED UPON SPECIFIC CRITERIA MAINTAINED BY THE BUSINESS OFFICE. REQUIREMENTS FOR RECEIVING SCHOLARSHIPS DEPEND UPON FACTORS, SUCH AS GRADE POINT AVERAGE, FAMILY INCOME OR ECONOMIC NEED. THE COLLEGE'S BUSINESS OFFICE STAFF MONITORS THE ELIGIBILITY GUIDELINES TO ENSURE COMPLIANCE. THIS REVIEW IS TO ENSURE THAT THE SALARIES ARE COMPARABLE TO SALARIES OF SIMILAR POSITIONS AT PEER INSTITUTIONS. SCHOLARSHIPS ARE DIRECTLY APPLIED TO STUDENT ACCOUNTS; NO CASH CHANGES HANDS. X X 1 1 X X 0 0 0 0 0 0 0 0 0 DR KEVIN E JAMES PRESIDENT 236442 0 35000 0 0 0 3292 0 30419 0 305153 0 0 0 PART I, LINE 1A DR. KEVIN JAMES, PRESIDENT, RECEIVED A HOUSING ALLOWANCE AS A TAXABLE BENEFIT. DR. KEVIN JAMES, PRESIDENT, RECEIVED A SOCIAL CLUB MEMBERSHIP AS A NON-TAXABLE BENEFIT FOR BONA FIDE BUSINESS PURPOSES. FORM 990, PART VI, SECTION A, LINE 1A THE EXECUTIVE COMMITTEE CONSIST OF THE CHAIR OF THE BOARD, CHAIRS AND VICE-CHAIRS OF THE STANDING COMMITTEES OF THE BOARD, AND THE OFFICERS OF THE BOARD AND THE PRESIDING BISHOP. THE EXECUTIVE COMMITTEE SHALL HAVE THE POWER TO MAKE DECISIONS AND TAKE ACTIONS ON BEHALF OF THE BOARD AND THE COLLEGE, AND TO DO ALL ACTS AND PERFORM ALL DUTIES AND SERVICES NECESSARY TO THE OPERATION OF THE COLLEGE OR DURING THE INTERIM BETWEEN REGULAR MEETINGS OF THE BOARD PROVIDED THAT THE EXECUTIVE COMMITTEE SHALL REPORT ALL SUCH ACTIONS TO THE BOARD AT THE NEXT REGULAR OR SPECIAL MEETING, WHETHER OR NOT EARLIER REPORTED. FORM 990, PART VI, SECTION A, LINE 7A PER THE BYLAWS OF THE COLLEGE, THE PRESIDING BISHOP OF THE SIXTH EPISCOPAL DISTRICT OF THE AFRICAN METHODIST EPISCOPAL CHURCH, AN UNRELATED ORGANIZATION, SHALL BE A VOTING MEMBER OF THE BOARD OF TRUSTEES FOR THE DURATION OF HIS OR HER ASSIGNMENT TO THE SIXTH EPISCOPAL DISTRICT, SHALL BE A MEMBER OF EXECUTIVE COMMITTEE AND HE OR SHE SHALL BE ENTITLED TO SERVE AS AN OFFICER IF ELECTED IN ACCORDANCE WITH THE PROVISIONS SET FORTH IN THE BYLAWS. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY AN INDEPENDENT TAX PREPARER AND REVIEWED IN DETAIL BY THE ORGANIZATION'S TOP MANAGEMENT. THE AUDIT COMMITTEE THEN REVIEWS THE FORM 990 ON BEHALF OF THE BOARD PRIOR TO FILING WITH IRS. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION REQUIRES ALL OFFICERS AND BOARD MEMBERS TO ANNUALLY COMPLETE AND SIGN A CONFLICT OF INTEREST QUESTIONNAIRE. THE BOARD SECRETARY IS RESPONSIBLE FOR REVIEWING THE SIGNED STATEMENTS AND ENSURING THAT INTERESTED PERSONS ARE IN COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY. SHOULD ANY POTENTIAL CONFLICTS OF INTEREST BE DISCLOSED, THE BOARD MEMBER OR OFFICER WOULD BE ASKED TO REFRAIN FROM PARTICIPATION IN ANY DELIBERATION OR DECISION WITH REGARD TO MATTERS AFFECTED BY THE RELATIONSHIP. FORM 990, PART VI, SECTION B, LINE 15 LINE 15A: THE SALARIES OF THE PRESIDENT, OTHER OFFICERS AND KEY PERSONNEL ARE REVIEWED BY THE GOVERNING BODY. THIS REVIEW IS TO ENSURE THAT THE SALARIES ARE COMPARABLE TO SALARIES OF SIMILAR POSITIONS AT PEER INSTITUTIONS. THE PROCESS IS DOCUMENTED AS PART OF THE DETAILED BUDGETING PROCESS WITH BOARD APPROVAL. LINE 15B: SEE RESPONSE FOR PART VI, LINE 15A. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST.