Spelman College
81% goes to programs $4 to raise $100 Strong reserves Growing revenue
Spelman College is a 501(c)(3) organization based in Atl, Georgia, registered in 1942, with $288,422,165 in FY2023 revenue. CharityIndex grades it A, and it directs about 81% of spending to programs.
350 Spelman Ln Sw, Atl, GA, 30314 EIN 58-0566243 Since 1942
Revenue (FY2023)
$288.4M
▲ 48.4% vs prior year
Education median: $200K
Expenses (FY2023)
$171.5M
Net assets
$927.8M
Employees
1,496
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A
B+Program efficiency40% of the rating81% to programs · $4 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 Spelman College: 81% to programs · $4 to raise $100 earns a B+ on this criterion. See the exact thresholds →
B+Financial health25% of the rating65 mo reserves · +41% 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 Spelman College: 65 mo reserves · +41% 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 Spelman College: 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 Spelman College: 5 of 5 disclosure signals earns a A+ on this criterion. See the exact thresholds →
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Mission
Spelman college, a historically black college and global leader in the education of women of african descent, is dedicated to the academic excellence of its students.
What they do
Auxiliary enterprises as a residential liberal arts college, spelman college provides on campus housing for approximately 1,400 students. spelman also provides dining services to its residential students, as well as commuter students, faculty, staff and others. spelman operates a 500 space parking deck for faculty, staff, and students. additionally, spelman offers a variety of summer conferences for high school students and other interested students.
Research spelman college performs research, training, and other similar services under grants with governmental agencies or sponsoring organizations.
Contact & location
- Address
- 350 Spelman Ln Sw, Atl, GA, 30314
- City
- Atl
- State
- Georgia
- Category
- Education
- Subcategory
- Colleges & Universities
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $127.0M (FY2013) to $288.4M (FY2023) across 11 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $65.7MNet assets $927.8M
Operating margin
40.5%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$993.5M
Total liabilities
$65.7M
Net assets
$927.8M
Salaries & benefits
$88.2M
51% of expenses
Board members
27
23 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $288,422,165▲48.4% | $171,469,550▲6.6% | $927,817,695▲16.1% | $993,511,573▲14.1% | 990 |
| 2022 | $194,372,216▼4.9% | $160,810,189▲10.5% | $798,882,652▲6.6% | $870,926,521▲6.0% | 990 |
| 2021 | $204,393,744▲11.7% | $145,583,655▲24.3% | $749,310,686▼3.6% | $821,952,118▼4.0% | 990 |
| 2020 | $182,970,731▼6.2% | $117,097,563▼4.9% | $777,623,877▲31.9% | $855,779,306▲27.9% | 990 |
| 2019 | $194,986,172▲42.6% | $123,089,218▲3.5% | $589,388,129▲9.0% | $668,899,439▲6.9% | 990 |
| 2018 | $136,754,272▼18.7% | $118,980,032▼0.2% | $540,728,829▲2.7% | $625,620,827▲1.6% | 990 |
| 2017 | $168,157,416▲41.3% | $119,244,779▲4.7% | $526,545,540▲12.2% | $615,801,515▲9.0% | 990 |
| 2016 | $119,004,095▲1.6% | $113,859,315▲0.4% | $469,228,640▲4.8% | $565,211,933▲3.3% | 990 |
| 2015 | $117,077,988▼14.9% | $113,446,305▲1.8% | $447,623,674▼2.5% | $546,957,215▼3.3% | 990 |
| 2014 | $137,519,279▲8.3% | $111,492,523▲8.7% | $459,224,387▼1.0% | $565,729,276▼0.9% | 990 |
| 2013 | $127,021,562 | $102,546,611▼0.8% | $464,065,177▲12.3% | $570,973,593▲9.0% | 990 |
| 2012 | — | $103,414,782▲1.3% | $413,201,585▲5.9% | $523,703,169▲3.1% | 990 |
| 2011 | — | $102,086,586▼0.3% | $390,089,797▼1.6% | $508,108,237▼0.8% | 990 |
| 2010 | — | $102,412,274▲1.8% | $396,434,944▲8.1% | $512,177,411▲5.2% | 990 |
| 2009 | — | $100,642,049 | $366,573,179 | $486,702,683 | 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: Helene Gayle — $621,225 (0.36% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Helene Gayle | President | 35 | $621,225 |
| Dawn Alston | Cfo and Svp of Business and Financial Affairs | 35 | $324,635 |
| Terri Reed | Secretary of the College | 35 | $273,607 |
| Ingrid Hayes | Svp of Enrollment Management | 35 | $254,635 |
| Jessie Brooks | Vp of Institutional Advancement (thru 9/29/2023) | 35 | $251,869 |
| Grant Warner | Professor | 35 | $242,201 |
| Myra Burnett | Vp Institutional Resarch | 35 | $230,230 |
| Dolores Bradley | Professor | 35 | $224,296 |
| John Wilson | Vp and Chief Information Officer | 35 | $222,633 |
| Beverly Guy-sheftall | Professor | 35 | $211,827 |
| Darryl Holloman | Vp of Academic Affairs | 35 | $209,413 |
| Raquel Hill | Professor | 35 | $204,768 |
| Lydia Sermons | Vp For Public Relations & Communications | 35 | $187,230 |
| Lisa Hibbard | Faculty Representative | 2 | $132,313 |
| Karen Brakke Phd | Faculty Trustee/professor | 35 | $108,587 |
| Mary Schmidt Campbell Phd | Former President/trustee (thru 6/30/2022) | 0 | $37,208 |
| Allegra Lawrence-hardy | Trustee | 2 | — |
| Bonnie Shelton Carter | Trustee | 2 | — |
| Breah Banks | Student Representative | 2 | — |
| Cara Johnson Hughes | Trustee | 2 | — |
Top vendors & contractors (FY2023)
| Contractor | Services | Paid |
|---|---|---|
| Turner Construction Company | Construction Services | $50,397,119 |
| Bon Appetit Management Company | Food Service Management | $7,487,236 |
| Aramark Facility Services | Dining & Facility Services | $2,429,214 |
| Dusoul Company Inc DBA Tsav | Technology Communications | $1,641,036 |
| Siemens Industry Inc | Automation Services | $1,405,559 |
Grants received · $92.7M total
251 grants to Spelman College totaling $92.7M, 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 | $3,720,216 |
| Tides Foundation | Quality education | 2024 | $1,416,670 |
| Gs Donor Advised Philanthropy Fund For Wealth Management Inc | Education | 2024 | $1,000,000 |
| Lettie Pate Whitehead Foundation Inc | For general scholarship support. | 2024 | $802,000 |
| Hispanic Scholarship Fund | To provide scholarships for students | 2024 | $574,436 |
| American Online Giving Foundation Inc | General support | 2024 | $475,739 |
| American Institute of Physics Incorporated | Tut excel program to support the spelman physics and engineering learning community | 2024 | $200,000 |
| American Endowment Foundation | Educational | 2024 | $100,000 |
| Greater Washington Community Foundation | Scholarship | 2024 | $81,037 |
| The Bessemer Giving Fund | General support | 2024 | $50,000 |
| American Gift Fund | Operations | 2024 | $50,000 |
| Charities Aid Foundation America | Charitable donation | 2024 | $49,643 |
| Thurgood Marshall College Fund Inc | Boeing capacity grant | 2024 | $25,000 |
| Community Foundation For Southeast Michigan | Education | 2024 | $25,000 |
| Morgan Stanley Global Impact Funding Trust Inc | Unrestricted general support | 2024 | $22,521 |
Grants made · $249K in FY2023
10 grants totaling $249K in FY2023. All grants made by Spelman College →
| Recipient | Purpose | Amount |
|---|---|---|
| Michigan State University | Increase access for black women pursuing a career as a data science professional | $67,360 |
| Institute For Future Intelligence Inc | Black women teaching computer science: the intersection of race and gender and its manifestation in the classroom | $64,091 |
| Cal Poly Corporation | Collaborative research: the effects of information, mentoring and time on economic faculty at msis | $28,632 |
| California State University Stanislaus Foundaiton | Collaborative research: the effects of information, mentoring and time on economic faculty at msis | $18,474 |
| Research Foundation of the City University of New York | Research | $18,471 |
| Claflin University | Collaborative research: the effects of information, mentoring and time on economic faculty at msis | $17,853 |
| Georgia State University Research Foundation Inc | Excellence in research: the impact of online comparison websites on the remittance industry | $12,370 |
| Emory University | Acquisition of ground-based remote sensing measurement networks for stem research and research education in spelman college | $11,073 |
| Board of the University of Alabama | Hbcu-excellence in research: estimate of ground nitrogen dioxide (no2) andozone concentrations by using multiple satellite data and machine learning techniques | $5,775 |
| Georgia Tech Research Corporation | Acquisition of ground-based remote sensing measurement networks for stem research and research education in spelman college | $5,371 |
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Frequently asked questions
- Is Spelman College a legitimate nonprofit?
- Yes. Spelman College is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 58-0566243, based in Atl, Georgia. Donations are tax-deductible.
- What is Spelman College's EIN?
- Spelman College's Employer Identification Number (EIN) is 58-0566243.
- How much revenue does Spelman College report?
- Spelman College reported $288,422,165 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- How much of Spelman College's spending goes to programs?
- Spelman College spends about 81% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Spelman College have?
- CharityIndex grades Spelman College A, based on program efficiency and fundraising cost.
- How much does Spelman College's highest-paid employee make?
- The highest reported compensation on Spelman College's latest Form 990 is $621,225, paid to Helene Gayle (President).
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Explore more
Data for Spelman College (EIN 58-0566243) 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.