United Negro College Fund Inc
79% goes to programs $17 to raise $100 Strong reserves Declining revenue
United Negro College Fund Inc is a 501(c)(3) organization based in Washington, District of Columbia, registered in 2004, with $158,921,384 in FY2024 revenue. CharityIndex grades it B+, and it directs about 79% of spending to programs.
1805 7th Street Nw, Washington, DC, 20001 EIN 13-1624241 Since 2004
Revenue (FY2024)
$158.9M
▼ 36.7% vs prior year
Education median: $200K
Expenses (FY2024)
$183.5M
Net assets
$835.8M
Employees
360
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
B+
★★★★
Rated on 4 of 4 criteria.
Held down by its weakest criterion — a strong score on one criterion can't hide a weak one.
How the rating works →AProgram efficiency40% of the rating79% to programs · $17 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 United Negro College Fund Inc: 79% to programs · $17 to raise $100 earns a A on this criterion. See the exact thresholds →
C+Financial health25% of the rating55 mo reserves · -15% 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 United Negro College Fund Inc: 55 mo reserves · -15% margin earns a C+ 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 United Negro College Fund Inc: 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 United Negro College Fund Inc: 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 ensure all americans have equal access to a college education that prepares (see schedule o) them for rich intellectual lives, competitive and fulfilling careers, engaged citizenship and service to our nation.uncf has helped more than 500,000 students earn their college degrees since its founding in 1944. uncf is the nation's largest private scholarship provider to minority group members. each year, we award more than $100 million in scholarships to students attending more than 1,100 schools across the country, including our prestigious network of 37 member hbcus. uncf member hbcus are known for their achievements - awarding undergraduate and graduated degrees - providing impressive results through research and promoting economic benefits that yield major impact for their communities, regions, states, the nation, and the world.
What they do
The gates millennium scholars program (gmsp) covers cost of education to support undergraduate programs for outstanding students of color with significant financial need, and the costs through doctoral degrees in seven target disciplines for students selected as gates millennium scholars. gmsp, the most extensive program in uncf's history, was awarded in 1999 by the bill and melinda gates foundation for $1.6 billion. ths 20-year program sunsets in 2029.
Distributions to member institutions of uncf.
Institutional services provided to member institutions of uncf and other program services.
Contact & location
- Address
- 1805 7th Street Nw, Washington, DC, 20001
- City
- Washington
- State
- District of Columbia
- Category
- Education
- Subcategory
- Student Services & Aid
- Phone
- …
- Website
- …
Financial trends
Revenue declined from $208.5M (FY2013) to $158.9M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $56.6MNet assets $835.8M
Operating margin
-15.5%
Spent more than it raised in the latest fiscal year.
Total assets
$892.4M
Total liabilities
$56.6M
Net assets
$835.8M
Salaries & benefits
$42.0M
23% of expenses
Board members
31
31 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $158,921,384▼36.7% | $183,511,929▼5.9% | $835,789,273▼1.6% | $892,426,921▼2.7% | 990 |
| 2023 | $250,935,174▼30.6% | $195,036,675▲13.7% | $849,459,411▲10.0% | $917,027,785▲8.0% | 990 |
| 2022 | $361,352,697▲61.9% | $171,465,522▼11.0% | $772,070,786▲30.2% | $848,813,093▲24.9% | 990 |
| 2021 | $223,162,934▼0.3% | $192,711,820▲10.0% | $593,106,411▲5.5% | $679,851,959▲4.0% | 990 |
| 2020 | $223,757,044▲145% | $175,224,040▲8.6% | $562,358,459▲17.3% | $653,425,402▲22.8% | 990 |
| 2019 | $91,147,616▲21.7% | $161,420,687▲0.1% | $479,458,221▼14.1% | $532,322,112▼11.9% | 990 |
| 2018 | $74,869,324▼16.1% | $161,208,058▼6.1% | $558,256,395▼12.4% | $604,129,080▼11.7% | 990 |
| 2017 | $89,277,990▲11.8% | $171,722,769▼6.6% | $637,253,512▼11.6% | $684,164,775▼11.0% | 990 |
| 2016 | $79,864,687▼68.1% | $183,825,097▲2.0% | $720,963,924▼12.5% | $768,838,032▼12.0% | 990 |
| 2015 | $250,300,346▲13.1% | $180,253,042▲5.4% | $823,827,449▲6.5% | $873,406,884▼5.2% | 990 |
| 2014 | $221,369,756▲6.2% | $171,034,110▲1.5% | $773,588,865▲8.2% | $921,191,373▼5.6% | 990 |
| 2013 | $208,516,189 | $168,430,650▲4.3% | $715,042,202▲2.4% | $976,195,798▼7.2% | 990 |
| 2012 | — | $161,468,500▼3.3% | $698,193,691▲10.9% | $1,051,445,397▼9.9% | 990 |
| 2011 | — | $166,996,857▲10.7% | $629,457,015▲12.7% | $1,166,608,507▲8.2% | 990 |
| 2010 | — | $150,922,598 | $558,502,060 | $1,078,348,065 | 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 (FY2024)
Highest-paid: Dr Michael L Lomax — $1,304,933 (0.71% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Dr Michael L Lomax | President & Ceo | 50 | $1,304,933 |
| Mr Maurice Jenkins | Evp & Chief Development Officer | 50 | $710,668 |
| Mr Early Reese | Coo | 50 | $579,321 |
| Mr Marc A Barnes | Svp, Principal Gifts & Strategy | 50 | $499,745 |
| Ms Lajuan Lyles | Evp, People & Culture | 50 | $418,495 |
| Mr Lawrence Griffith Jr | Evp, Scholarships & Programs | 50 | $417,250 |
| Mr Lodriguez Murray | Svp, Public Policy & Gov. Affairs | 50 | $354,002 |
| Mr Robert Rucker | Svp, Cio, Enterprise Technology | 50 | $331,944 |
| Ms Desiree C Boykin | Svp, General Counsel & Secretary | 50 | $324,479 |
| Ms Genet A Yilma | Svp, Acct & Finance, Asst Treasurer | 50 | $322,803 |
| Ms Paulette Jackson | Svp, National Development | 50 | $321,527 |
| Ms Therese Badon | Svp, Dev Northern Division | 50 | $308,402 |
| Ms Akosua Ali | Svp Strategic Initiatives | 50 | $275,000 |
| Mr Sekou Biddle | Svp, Advocacy & Student Dev. | 50 | $252,823 |
| Mr John Henry | Evp, Cfo & Treasurer | 50 | $186,054 |
| Mr Armani B Scott | Asst General Counsel & Secretary | 50 | $170,950 |
| Ms Kiera J Lindsay | Asst General Counsel & Secretary | 50 | $124,410 |
| Dr Anthony J Davis | Institutional Director | 0.5 | — |
| Dr Dwight J Fennell | Institutional Director | 0.5 | — |
| Dr George T French Jr | Vice Chair/institutional Director | 0.75 | — |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Rr Donnelley & Sons Co | Mgmt Consultants | $3,888,980 |
| Strada Collaborative Inc DBA Inside Trac | Educational Coaching | $1,693,709 |
| Blue State Digital | Mgmt Consultants | $1,329,107 |
| Blackbaud | Software Provider | $667,553 |
| Community Counselling | Campaign Consultant | $662,462 |
Grants received · $211.5M total
762 grants to United Negro College Fund Inc totaling $211.5M, reported by foundations on their Schedule I filings — showing the 15 most recent.
Grants made · $59.6M in FY2024
40 grants totaling $59.6M in FY2024 — showing the 15 largest. All grants made by United Negro College Fund Inc →
| Recipient | Purpose | Amount |
|---|---|---|
| Hispanic Scholarship Fund | Grants & scholarships, area office joint campaign | $3,839,937 |
| Spelman College | Grants & scholarships, area office joint campaign | $3,720,216 |
| Morehouse College | Grants & scholarships, tech assist, area office joint campaign | $3,352,135 |
| Clark Atlanta University Inc | Grants & scholarships, tech assist, area office joint campaign | $3,088,050 |
| Benedict College | Grants & scholarships, area office joint campaign | $2,240,319 |
| Xavier University of Louisiana | Grants & scholarships, area office joint campaign | $2,174,142 |
| Asian and Pacific Islander American Scholarship Fund | Grants & scholarships, area office joint campaign | $1,826,780 |
| Bethune-cookman University | Grants & scholarships, area office joint campaign | $1,790,887 |
| Tuskegee University | Grants & scholarships, tech assist, area office joint campaign | $1,721,795 |
| American Indian Graduate Center Scholars | Grants & scholarships, area office joint campaign | $1,607,792 |
| Fisk University | Grants & scholarships, tech assist, area office joint campaign | $1,472,955 |
| Stillman College | Grants & scholarships, tech assist, area office joint campaign | $1,356,942 |
| Talladega College | Grants & scholarships, area office joint campaign | $1,339,546 |
| Florida Memorial University Inc | Grants & scholarships, tech assist, area office joint campaign | $1,324,917 |
| Dillard University | Grants & scholarships, area office joint campaign | $1,320,779 |
Similar organizations in Education
Education
Friendship Public Charter School
Washington, DC
$157.4M
Aannual revenue
Education
International Republican Institute
Washington, DC
$126.5M
Bannual revenue
Education
National Geographic Society
Washington, DC
$209.3M
B+annual revenue
Education
50can Inc
Washington, DC
$97.3M
A+annual revenue
Education
First Book
Washington, DC
$92.3M
Aannual revenue
Education
Thurgood Marshall College Fund Inc
Washington, DC
$88.3M
Aannual revenue
Education
Georgetown Day School Inc
Washington, DC
$83.4M
C+annual revenue
Education
Gallaudet University
Washington, DC
$235.0M
B+annual revenue
Education
Kipp Dc Public Charter Schools
Washington, DC
$243.0M
Aannual revenue
Education
D C Preparatory Academy
Washington, DC
$68.0M
Aannual revenue
Compare United Negro College Fund Inc
Frequently asked questions
- Is United Negro College Fund Inc a legitimate nonprofit?
- Yes. United Negro College Fund Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 13-1624241, based in Washington, District of Columbia. Donations are tax-deductible.
- What is United Negro College Fund Inc's EIN?
- United Negro College Fund Inc's Employer Identification Number (EIN) is 13-1624241.
- How much revenue does United Negro College Fund Inc report?
- United Negro College Fund Inc reported $158,921,384 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of United Negro College Fund Inc's spending goes to programs?
- United Negro College Fund Inc spends about 79% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does United Negro College Fund Inc have?
- CharityIndex grades United Negro College Fund Inc B+, based on program efficiency and fundraising cost.
- How much does United Negro College Fund Inc's highest-paid employee make?
- The highest reported compensation on United Negro College Fund Inc's latest Form 990 is $1,304,933, paid to Dr Michael L Lomax (President & Ceo).
More nonprofits in Washington
Explore more
Data for United Negro College Fund Inc (EIN 13-1624241) 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.