Bethune-cookman University
84% goes to programs $5 to raise $100 Strong reserves
Bethune-cookman University is a 501(c)(3) organization based in Daytona Beach, Florida, registered in 1944, with $100,202,224 in FY2023 revenue. CharityIndex grades it A, and it directs about 84% of spending to programs.
640 Dr Mary Mcleod Bethune Blvd, Daytona Beach, FL, 32114 EIN 59-0704726 Since 1944
Revenue (FY2023)
$100.2M
▼ 2.0% vs prior year
Education median: $200K
Expenses (FY2023)
$104.9M
Net assets
$127.9M
Employees
1,007
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A
AProgram efficiency40% of the rating84% to programs · $5 to raise $100
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For Bethune-cookman University: 84% to programs · $5 to raise $100 earns a A on this criterion. See the exact thresholds →
B+Financial health25% of the rating15 mo reserves · -5% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Bethune-cookman University: 15 mo reserves · -5% margin earns a B+ on this criterion. See the exact thresholds →
A+Governance25% of the rating6 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Bethune-cookman University: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
A+Transparency10% of the rating5 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Bethune-cookman University: 5 of 5 disclosure signals earns a A+ on this criterion. See the exact thresholds →
Show this grade on your website
A live seal — it updates automatically when the grade changes and links donors to this verified profile.
Mission
To serve the educational, social, and cultural needs of its students.
What they do
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.
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.
Student services: students are involved in a variety of cultural and social programs to enrich their educational experiences. support for students with learning and physical disabilities are also provided. various computer labs and a 24-hour library are open to all students to support their educational experience. bethune-cookman university also has a rotc office available to students.
Contact & location
- Address
- 640 Dr Mary Mcleod Bethune Blvd, Daytona Beach, FL, 32114
- City
- Daytona Beach
- State
- Florida
- Category
- Education
- Subcategory
- Colleges & Universities
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $92.0M (FY2013) to $100.2M (FY2023) across 10 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $99.9MNet assets $127.9M
Operating margin
-4.7%
Spent more than it raised in the latest fiscal year.
Total assets
$227.8M
Total liabilities
$99.9M
Net assets
$127.9M
Salaries & benefits
$38.5M
37% of expenses
Board members
10
10 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $100,202,224▼2.0% | $104,936,561▲2.7% | $127,945,568▲0.2% | $227,841,850▼1.5% | 990 |
| 2022 | $102,222,024▼21.8% | $102,226,385▼8.4% | $127,730,541▲0.2% | $231,294,562▲1.1% | 990 |
| 2021 | $130,685,909▲11.0% | $111,603,409▲37.0% | $127,433,382▲11.1% | $228,821,796▲6.9% | 990 |
| 2020 | $117,726,569▲24.4% | $81,450,465▼14.7% | $114,713,880▲53.8% | $214,110,723▲12.1% | 990 |
| 2019 | $94,666,198▼6.5% | $95,542,033▼12.0% | $74,581,781▼4.5% | $191,000,240▼3.3% | 990 |
| 2018 | $101,238,403▼3.5% | $108,566,171▼5.5% | $78,073,325▼10.4% | $197,586,158▼7.1% | 990 |
| 2017 | $104,904,074▲5.0% | $114,829,386▲4.7% | $87,141,745▼8.7% | $212,581,574▼4.0% | 990 |
| 2016 | $99,891,688▲9.0% | $109,707,016▲0.2% | $95,424,148▼5.7% | $221,467,449▼1.8% | 990 |
| 2015 | $91,678,508▼0.3% | $109,523,720▲18.8% | $101,202,145▼15.7% | $225,624,794▲51.3% | 990 |
| 2013 | $91,956,479 | $92,210,821▲9.3% | $120,007,819▲3.3% | $149,114,468▲0.3% | 990 |
| 2012 | — | $84,398,976▲8.4% | $116,204,849▲1.8% | $148,689,074▲1.1% | 990 |
| 2011 | — | $77,822,984▲7.0% | $114,151,173▲13.9% | $147,079,381▲12.5% | 990 |
| 2009 | — | $72,732,057 | $100,218,973 | $130,714,982 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2023)
Highest-paid: Reginald Theus — $535,000 (0.51% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Reginald Theus | Athletics Director/head Basketball Coach | 40 | $535,000 |
| Dr William Berry | Acting President/sr. Vp | 40 | $306,873 |
| Dr Dawn L Eastmond | Dean | 40 | $260,616 |
| Raymond Woodie | Head Football Coach | 40 | $220,137 |
| John C Pittman | Cfo/vp Business Affairs (end. 07/22) | 40 | $220,000 |
| Dr Jan A Boulware | Dean | 40 | $206,438 |
| Anthony Jones | Vp of Enrollment Management (end. 05/24) | 40 | $196,484 |
| Dr Lawrence Drake | Interim President (end. 05/23) | 40 | $185,011 |
| James A Cleveland | Chief Investment Officer/vp of Fiscal Affairs | 40 | $175,000 |
| Donovan V Wells | Band Director | 40 | $159,852 |
| Dr Narendra A Patel | Senior Advisor To the President | 40 | $157,421 |
| Belvin Perry Jr Esquire | Chairman | 1 | — |
| Courtney Rhodes | Trustee | 1 | — |
| David Brewer | Trustee | 1 | — |
| Deveron Gibbons | Trustee | 1 | — |
| Jeffrey E Branch | Trustee | 1 | — |
| Jennifer Adams | Secretary | 1 | — |
| John A Williams | Trustee | 1 | — |
| John Crossman | Trustee | 1 | — |
| Joyours Pete Gamble | Vice Chair | 1 | — |
Top vendors & contractors (FY2023)
| Contractor | Services | Paid |
|---|---|---|
| Sodexo Inc & Affiliates | Food Service and Maintenance | $12,772,351 |
| Architektons LLC | Construction/building Improvement | $1,908,904 |
| Construct Two Group | Construction/building Improvement/mgmt | $1,650,969 |
| Jenzabar | Erp Software | $861,039 |
| Ag Pifer Construction Co Inc | Construction/building Improvement | $816,094 |
Grants received · $20.2M total
74 grants to Bethune-cookman University totaling $20.2M, reported by foundations on their Schedule I filings — showing the 15 most recent.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| United Negro College Fund Inc | Grants & scholarships, area office joint campaign | 2024 | $1,790,887 |
| Lettie Pate Whitehead Foundation Inc | For general scholarship support. | 2024 | $147,000 |
| The Community Foundation For Northeast Florida Inc | To provide scholarships for students in the school of nursing from clay or duval counties in the state of florida for the 2024-2025 academic year. | 2024 | $60,000 |
| Network For Good Inc | Unrestricted | 2024 | $29,396 |
| Charities Aid Foundation America | Charitable donation | 2024 | $16,069 |
| United Negro College Fund Inc | Grants & scholarships, area office joint campaign | 2023 | $1,410,931 |
| The Chicago Community Trust | General support for programs, operations and other charitable purposes | 2023 | $250,000 |
| National Collegiate Athletic Association | Grants/scholarships | 2023 | $189,194 |
| Lettie Pate Whitehead Foundation Inc | For general scholarship support. | 2023 | $147,000 |
| The Community Foundation For Northeast Florida Inc | To support nursing students from duval or clay county during the 2023-2024 academic year | 2023 | $60,000 |
| Southwest Volusia Healthcare Corporation | General support | 2023 | $31,611 |
| Charities Aid Foundation America | Charitable donation | 2023 | $30,000 |
| Network For Good Inc | Unrestricted | 2023 | $28,663 |
| Greater Cincinnati Foundation | Programatic support | 2023 | $10,000 |
| United Negro College Fund Inc | Grants & scholarships, area office joint campaign | 2022 | $1,573,869 |
Grants made · $92K in FY2018
2 grants totaling $92K in FY2018. All grants made by Bethune-cookman University →
| Recipient | Purpose | Amount |
|---|---|---|
| Eei Manufacturing Services | Bethune-cookman will provide 2 intern students to learn and work eei's erp system. bethune -cookman will provide assistance in reviewing and enhancing eei's current marketing plan. | $80,000 |
| University of South Florida | Research, evaluation & measurement of the effects of socioscientific argumentation development on student academic success | $11,935 |
Similar organizations in Education
Education
Southwest Charter Foundation Inc
Ft Lauderdale, FL
$99.8M
C+annual revenue
Education
Early Learning Coalition of Duval Inc
Jacksonville, FL
$98.7M
Bannual revenue
Education
Miami Country Day School Inc
Miami, FL
$97.5M
Aannual revenue
Education
Aaa Scholarship Foundation Inc
Tampa, FL
$104.4M
B+annual revenue
Education
Flagler College Inc
St Augustine, FL
$106.6M
Aannual revenue
Education
Ucf Athletic Association Inc
Orlando, FL
$106.7M
B+annual revenue
Education
The Villages Charter School Inc
Middleton, FL
$92.4M
Aannual revenue
Education
Florida State University Foundation Inc
Tallahassee, FL
$109.1M
B+annual revenue
Education
Ransom Everglades School Inc
Coconut Grove, FL
$91.0M
Bannual revenue
Education
A Beka Academy Inc
Pensacola, FL
$111.9M
C+annual revenue
Compare Bethune-cookman University
Frequently asked questions
- Is Bethune-cookman University a legitimate nonprofit?
- Yes. Bethune-cookman University is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 59-0704726, based in Daytona Beach, Florida. Donations are tax-deductible.
- What is Bethune-cookman University's EIN?
- Bethune-cookman University's Employer Identification Number (EIN) is 59-0704726.
- How much revenue does Bethune-cookman University report?
- Bethune-cookman University reported $100,202,224 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- How much of Bethune-cookman University's spending goes to programs?
- Bethune-cookman University spends about 84% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Bethune-cookman University have?
- CharityIndex grades Bethune-cookman University A, based on program efficiency and fundraising cost.
- How much does Bethune-cookman University's highest-paid employee make?
- The highest reported compensation on Bethune-cookman University's latest Form 990 is $535,000, paid to Reginald Theus (Athletics Director/head Basketball Coach).
More nonprofits in Daytona Beach
Explore more
Data for Bethune-cookman University (EIN 59-0704726) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.