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TO PROMOTE THE GROWTH, PROGRESS AND GENERAL WELFARE OF MORGAN STATE UNIVERSITY
Source: IRS Form 990 (Tax Year 2024)
Source: IRS e-Filed Form 990 (from the IRS e-File system), Tax Year 2023
Total Revenue
▼$27.3M
Program Spending
95%
of total expenses go to program services
Total Contributions
$17.7M
Total Expenses
▼$16.1M
Total Assets
$165.7M
Total Liabilities
▼$670.6K
Net Assets
$165M
Officer Compensation
→$0
Other Salaries
$0
Investment Income
$1.4M
Fundraising
▼$313.8K
Source: USAspending.gov · Searched by organization name
Total Federal Funding
$2.1M
Awards Found
6
| Awarding Agency | Description | Amount | Fiscal Year | Period | Link |
|---|---|---|---|---|---|
| Small Business Administration | FY24 CONGRESSIONAL COMMUNITY PROJECT FUNDING- MORGAN STATE UNIVERSITY FOUNDATION, INC | $700K | FY2025 | Oct 2024 – Sep 2026 | Open → |
| Small Business Administration | WOMEN'S BUSINESS OWNERSHIP ASSISTANCE - CARES ACT | $420K | FY2020 | May 2020 – Apr 2021 | Open → |
| Small Business Administration | WOMEN'S BUSINESS OWNERSHIP ASSISTANCE - INITIAL PHASE | $337.5K | FY2020 | Apr 2020 – Sep 2024 | Open → |
| Small Business Administration | WBC - MORGAN STATE UNIVERSITY FOUNDATION, INC. (BALTIMORE) | $300K | FY2024 | Sep 2024 – Sep 2026 | Open → |
| Small Business Administration | MORGAN STATE UNIVERSITY FOUNDATION | $150K | FY2023 | Sep 2023 – Sep 2024 | Open → |
| Small Business Administration | MORGAN STATE UNIVERSITY FOUNDATION CONTINUATION OPTION YEAR 3 (I-2019) | $150K | FY2022 | Sep 2022 – Sep 2024 | Open → |
Small Business Administration
$700K
FY24 CONGRESSIONAL COMMUNITY PROJECT FUNDING- MORGAN STATE UNIVERSITY FOUNDATION, INC
Small Business Administration
$420K
WOMEN'S BUSINESS OWNERSHIP ASSISTANCE - CARES ACT
Small Business Administration
$337.5K
WOMEN'S BUSINESS OWNERSHIP ASSISTANCE - INITIAL PHASE
Small Business Administration
$300K
WBC - MORGAN STATE UNIVERSITY FOUNDATION, INC. (BALTIMORE)
Small Business Administration
$150K
MORGAN STATE UNIVERSITY FOUNDATION CONTINUATION OPTION YEAR 3 (I-2019)
Source: Federal Audit Clearinghouse (fac.gov)
No federal single audit records found for this organization.
Single audits are required for entities expending $750,000+ in federal awards annually.
Tax Year 2023 · Source: IRS e-Filed Form 990
Individuals serving as officers, directors, or trustees of the organization.
| Name | Title | Hrs/Wk | Compensation | Related Orgs | Other |
|---|
Source: IRS Publication 78, Auto-Revocation List & e-Postcard Data
Tax-deductible contributions: Yes
Deductibility code: PC
Sources: IRS e-Filed Form 990 (XML) & ProPublica Nonprofit Explorer
Scroll →
| Year | Revenue | Contributions | Expenses | Assets | Net Assets |
|---|---|---|---|---|---|
| 2024 | $27.3M | $17.7M | $16.1M | $165.7M | $165M |
| 2023IRS e-File | $27.3M | $17.7M | $16.1M | $165.7M | $165M |
| 2022 | $14.5M | $29.7M | $10.6M | $141.3M | $140.8M |
| 2021 | $92.9M | $70.2M | $8.6M |
Sources: ProPublica Nonprofit Explorer & IRS e-File Index
| Tax Year | Form Type | Source | Documents |
|---|---|---|---|
| 2024 | 990 | DataIRS e-File | |
| 2023 | 990 | DataIRS e-File | PDF not yet published by IRSView Filing → |
| 2022 | 990 | Data |
Financial data: IRS e-Filed Form 990 (Tax Year 2023)
Leadership & compensation: IRS e-Filed Form 990, Part VII (Tax Year 2023)
Federal grants: USAspending.gov (live)
Organization info: IRS Business Master File
Tax-deductibility: IRS Publication 78
| Total |
|---|
| Joseph S Simms Iii | Chairman | 5 | $0 | $0 | $0 | $0 |
| Forest T Harper Jr | Vice Chair | 5 | $0 | $0 | $0 | $0 |
| Mervin A Bourne | Secretary | 1 | $0 | $0 | $0 | $0 |
| Craig L Spencer | Treasurer | 5 | $0 | $0 | $0 | $0 |
Joseph S Simms Iii
Chairman
$0
Hrs/Wk
5
Compensation
$0
Related Orgs
$0
Other
$0
Forest T Harper Jr
Vice Chair
$0
Hrs/Wk
5
Compensation
$0
Related Orgs
$0
Other
$0
Mervin A Bourne
Secretary
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Craig L Spencer
Treasurer
$0
Hrs/Wk
5
Compensation
$0
Related Orgs
$0
Other
$0
Members of the governing board. Board members often serve without compensation.
| Name | Title | Hrs/Wk | Compensation | Related Orgs | Other | Total |
|---|---|---|---|---|---|---|
| Calvin H Baker | Trustee | 1 | $0 | $0 | $0 | $0 |
| Cyril A Wallace | Trustee | 1 | $0 | $0 | $0 | $0 |
| David A Sheppard | Trustee | 1 | $0 | $0 | $0 | $0 |
| Dawn White | Trustee | 5 | $0 | $0 | $0 | $0 |
| Dr Geneva J Williams | Trustee | 1 | $0 | $0 | $0 | $0 |
| Kevin L Hawkins | Trustee |
Calvin H Baker
Trustee
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Cyril A Wallace
Trustee
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
David A Sheppard
Trustee
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
| $137.5M |
| $136.9M |
| 2020 | $10.3M | $8.2M | $10.3M | $52.8M | $52.6M |
| 2019 | $17.4M | $14M | $8.3M | $52.7M | $52.6M |
| 2018 | $11.6M | $8.1M | $7.8M | $43.6M | $43.4M |
| 2017 | $13.7M | $10.3M | $6.8M | $39.8M | $39.6M |
| 2016 | $6.6M | $6.1M | $5.2M | $33.3M | $32.7M |
| 2015 | $6.7M | $5.8M | $4.2M | $32.1M | $31.4M |
| 2014 | $0 | $0 | $0 | $0 | $0 |
| 2013 | $7.3M | $4.9M | $4.5M | $25.7M | $25.3M |
| 2012 | $4M | $4.2M | $4.3M | $22.6M | $22.5M |
| 2011 | $8.5M | $5M | $4.6M | $23.1M | $22.9M |
| 2021 | 990 | Data |
| 2020 | 990 | Data |
| 2019 | 990 | Data |
| 2018 | 990 | Data |
| 2017 | 990 | Data |
| 2016 | 990 | Data |
| 2015 | 990 | Data |
| 2014 | 990 | Data |
| 2013 | 990 | Data |
| 2012 | 990 | Data |
| 2011 | 990 | Data |
| 2010 | 990 | — |
| 2009 | 990 | — |
| 2008 | 990 | — |
| 2007 | 990 | — |
| 2006 | 990 | — |
| 2005 | 990 | — |
| 2004 | 990 | — |
| 2003 | 990 | — |
| 2002 | 990 | — |
| 2001 | 990 | — |
| 1 |
| $0 |
| $0 |
| $0 |
| $0 |
| Leverne Ab Wallace | Trustee | 1 | $0 | $0 | $0 | $0 |
| Lt Col Ret Michael L Bell | Trustee | 1 | $0 | $0 | $0 | $0 |
| Nicholas Edwards | Trustee | 1 | $0 | $0 | $0 | $0 |
| Stanley W Tucker | Trustee | 1 | $0 | $0 | $0 | $0 |
| Trisch L Smith | Trustee | 1 | $0 | $0 | $0 | $0 |
| William A Sherman Ii | Trustee | 1 | $0 | $0 | $0 | $0 |
Dawn White
Trustee
$0
Hrs/Wk
5
Compensation
$0
Related Orgs
$0
Other
$0
Dr Geneva J Williams
Trustee
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Kevin L Hawkins
Trustee
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Leverne Ab Wallace
Trustee
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Lt Col Ret Michael L Bell
Trustee
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Nicholas Edwards
Trustee
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Stanley W Tucker
Trustee
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Trisch L Smith
Trustee
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
William A Sherman Ii
Trustee
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0