TALLADEGA COLLEGE: Form 990, tax year 2024

View the entire original 990 at ProPublica ↗

Organization
TALLADEGA COLLEGE (EIN 63-0288870)
Tax period
2024-07-01 to 2025-06-30
Filed
2026-05-15
IRS object ID
202601359349306875
Schema version
2024v5.1
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2026-05-15T13:56:40+00:00ReturnTs
Tax Period End2025-06-30TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN580692043PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1Mauldin & Jenkins LLCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1200 Galleria Parkway Suite 1700AddressLine1Txt
CityAtlantaCityNm
State AbbreviationGAStateAbbreviationCd
ZIP30339ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2024-07-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN630288870EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1Talladega CollegeBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlTALLBusinessNameControlTxt
Phone2567616128PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1627 West Battle StreetAddressLine1Txt
CityTalladegaCityNm
State AbbreviationALStateAbbreviationCd
ZIP35160ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonDr Willie L Todd JrPersonNm
Person TitlePresidentPersonTitleTxt
Signature2026-05-15SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrYes (true)IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonMelissa SewardPreparerPersonNm
PTINP02145103PTIN
Phone7709558600PhoneNum
Preparation2026-05-15PreparationDt
FieldValueIRS element (for citing)
Tax2024TaxYr
Build TS2025-03-06 01:10:19ZBuildTS

Form 990 IRS990

Principal Ofcr Business Name PrincipalOfcrBusinessName

FieldValueIRS element (for citing)
Business Name Line1Dr Willie L Todd JrBusinessNameLine1Txt

US Address USAddress

FieldValueIRS element (for citing)
Address Line1627 West Battle StreetAddressLine1Txt
CityTalladegaCityNm
State AbbreviationALStateAbbreviationCd
ZIP35160ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$25,599,665GrossReceiptsAmt
Group Return For AffiliatesfalseGroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website Addresswww.talladega.eduWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation1905FormationYr
Legal Domicile StateALLegalDomicileStateCd
Activity Or MissionTo nurture the whole person through mentoring relations between faculty and students. It provides experiences that develop strong moral and ethical behaviors.ActivityOrMissionDesc
Voting Members Governing Body15VotingMembersGoverningBodyCnt
Voting Members Independent15VotingMembersIndependentCnt
Total Employee175TotalEmployeeCnt
Total Volunteers25TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
PY Contributions Grants$15,165,143PYContributionsGrantsAmt
CY Contributions Grants$9,446,579CYContributionsGrantsAmt
PY Program Service Revenue$17,332,986PYProgramServiceRevenueAmt
CY Program Service Revenue$15,266,952CYProgramServiceRevenueAmt
PY Investment Income$541,777PYInvestmentIncomeAmt
CY Investment Income$212,451CYInvestmentIncomeAmt
PY Other Revenue$560,505PYOtherRevenueAmt
CY Other Revenue$673,683CYOtherRevenueAmt
PY Total Revenue$33,600,411PYTotalRevenueAmt
CY Total Revenue$25,599,665CYTotalRevenueAmt
PY Grants And Similar Paid$7,986,259PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$6,829,232CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$17,572,227PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$13,072,139CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$553,929CYTotalFundraisingExpenseAmt
PY Other Expenses$16,128,335PYOtherExpensesAmt
CY Other Expenses$18,967,479CYOtherExpensesAmt
PY Total Expenses$41,686,821PYTotalExpensesAmt
CY Total Expenses$38,868,850CYTotalExpensesAmt
PY Revenues Less Expenses-$8,086,410PYRevenuesLessExpensesAmt
CY Revenues Less Expenses-$13,269,185CYRevenuesLessExpensesAmt
Total Assets BOY$115,525,745TotalAssetsBOYAmt
Total Assets EOY$99,629,660TotalAssetsEOYAmt
Total Liabilities BOY$37,481,549TotalLiabilitiesBOYAmt
Total Liabilities EOY$43,466,823TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$78,044,196NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$56,162,837NetAssetsOrFundBalancesEOYAmt
MissionTo nurture the whole person through mentoring relations between faculty and students. It provides experiences that develop strong moral and ethical behaviors.MissionDesc
Significant New Program SrvcfalseSignificantNewProgramSrvcInd
Significant ChangefalseSignificantChangeInd
Expense$21,806,920ExpenseAmt
Grant$6,829,232GrantAmt
Revenue$11,073,011RevenueAmt
DescTalladega College, Alabama's first private historically black liberal arts college, has been known for academic excellence for over 150 years. Talladega is located in an historic district of the city of Talladega, Alabama. Its main campus includes 44 buildings on 50 acres, surrounded by the city and gently rolling woodlands. The beautiful oak-lined campus boasts several historic landmarks: Swayne Hall (1852), the original school house has been used for classrooms; the President's House (1881); DeForest Chapel (1903), that houses the famous 17 stained-glass windows by David C. Driskell; and Savery Library (1939), the original home of the Amistad Murals. The College has an aggressive tradition of bringing the world to Talladega via workshops, forums and lectures presented by acclaimed artists, scientists, and political, business, and civic leaders.Desc

Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp

FieldValueIRS element (for citing)
Expense$2,741,670ExpenseAmt
Revenue$4,206,901RevenueAmt
DescAuxiliary enterprises support the College's mission of providing quality educational opportunities. These services include, but are not limited to, food service, campus housing, postal services, parking, vending, campus stores, and athletics.Desc
FieldValueIRS element (for citing)
Total Program Service Expenses$24,548,590TotalProgramServiceExpensesAmt
Described In Section501c3Yes (true)DescribedInSection501c3Ind
Schedule B RequiredYes (true)ScheduleBRequiredInd
Political Campaign ActyfalsePoliticalCampaignActyInd
Lobbying ActivitiesfalseLobbyingActivitiesInd
Subject To Proxy TaxfalseSubjectToProxyTaxInd
Donor Advised FundfalseDonorAdvisedFundInd
Conservation EasementsfalseConservationEasementsInd
Collections Of ArtYes (true)CollectionsOfArtInd
Credit CounselingfalseCreditCounselingInd
Donor Rstr Or Quasi EndowmentsYes (true)DonorRstrOrQuasiEndowmentsInd
Report Land Building EquipmentYes (true)ReportLandBuildingEquipmentInd
Report Investments Other SecfalseReportInvestmentsOtherSecInd
Report Program Related InvstfalseReportProgramRelatedInvstInd
Report Other AssetsYes (true)ReportOtherAssetsInd
Report Other LiabilitiesYes (true)ReportOtherLiabilitiesInd
Include FIN48 FootnoteYes (true)IncludeFIN48FootnoteInd
Independent Audit Fincl StmtfalseIndependentAuditFinclStmtInd
Consolidated Audit Fincl StmtYes (true)ConsolidatedAuditFinclStmtInd
School OperatingYes (true)SchoolOperatingInd
Foreign OfficefalseForeignOfficeInd
Foreign ActivitiesfalseForeignActivitiesInd
More Than5000 K To OrgfalseMoreThan5000KToOrgInd
More Than5000 K To IndividualsfalseMoreThan5000KToIndividualsInd
Professional FundraisingfalseProfessionalFundraisingInd
Fundraising ActivitiesfalseFundraisingActivitiesInd
Gaming ActivitiesfalseGamingActivitiesInd
Operate HospitalfalseOperateHospitalInd
Grants To OrganizationsfalseGrantsToOrganizationsInd
Grants To IndividualsYes (true)GrantsToIndividualsInd
Schedule J RequiredYes (true)ScheduleJRequiredInd
Tax Exempt BondsfalseTaxExemptBondsInd
Escrow AccountfalseEscrowAccountInd
On Behalf Of IssuerfalseOnBehalfOfIssuerInd
Engaged In Excess Benefit TransfalseEngagedInExcessBenefitTransInd
PY Excess Benefit TransfalsePYExcessBenefitTransInd
Loan OutstandingfalseLoanOutstandingInd
Grant To Related PersonfalseGrantToRelatedPersonInd
Business Rln With Org MemfalseBusinessRlnWithOrgMemInd
Business Rln With Fam MemfalseBusinessRlnWithFamMemInd
Business Rln With35 Ctrl EntfalseBusinessRlnWith35CtrlEntInd
Deductible Non Cash ContrifalseDeductibleNonCashContriInd
Deductible Art ContributionfalseDeductibleArtContributionInd
Terminate OperationsfalseTerminateOperationsInd
Partial LiquidationfalsePartialLiquidationInd
Disregarded EntityfalseDisregardedEntityInd
Related EntityYes (true)RelatedEntityInd
Related Organization Ctrl EntYes (true)RelatedOrganizationCtrlEntInd
Transaction With Control EntYes (true)TransactionWithControlEntInd
Trnsfr Exmpt Non Chrtbl Rltd OrgfalseTrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted PrtshpfalseActivitiesConductedPrtshpInd
Schedule O RequiredYes (true)ScheduleORequiredInd
IRP Document725IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld ComplianceYes (true)BackupWthldComplianceInd
Employee175EmployeeCnt
Employment Tax Returns FiledYes (true)EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over LimitfalseUnrelatedBusIncmOverLimitInd
Foreign Financial AccountfalseForeignFinancialAccountInd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd
Taxable Party NotificationfalseTaxablePartyNotificationInd
Nondeductible ContributionsfalseNondeductibleContributionsInd
Quid Pro Quo ContributionsfalseQuidProQuoContributionsInd
Form8282 Property Disposed OffalseForm8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft CntrctfalseRcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft CntrctfalsePayPremiumsPrsnlBnftCntrctInd
Indoor Tanning ServicesfalseIndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht PymtfalseSubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst IncfalseSubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members15GoverningBodyVotingMembersCnt
Independent Voting Member15IndependentVotingMemberCnt
Family Or Business RlnfalseFamilyOrBusinessRlnInd
Delegation Of Mgmt DutiesfalseDelegationOfMgmtDutiesInd
Change To Org DocumentsfalseChangeToOrgDocumentsInd
Material Diversion Or MisusefalseMaterialDiversionOrMisuseInd
Members Or StockholdersfalseMembersOrStockholdersInd
Election Of Board MembersfalseElectionOfBoardMembersInd
Decisions Subject To ApprovafalseDecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (true)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (true)MinutesOfCommitteesInd
Officer Mailing AddressfalseOfficerMailingAddressInd
Local ChaptersfalseLocalChaptersInd
Policies Reference ChaptersfalsePoliciesReferenceChaptersInd
Form990 Provided To Gvrn BodyYes (true)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (true)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (true)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (true)RegularMonitoringEnfrcInd
Whistleblower PolicyYes (true)WhistleblowerPolicyInd
Document Retention PolicyYes (true)DocumentRetentionPolicyInd
Compensation Process CEOYes (true)CompensationProcessCEOInd
Compensation Process OtherYes (true)CompensationProcessOtherInd
Investment In Joint VenturefalseInvestmentInJointVentureInd
Written Policy Or ProcedurefalseWrittenPolicyOrProcedureInd
States Where Copy Of Return Is FldALStatesWhereCopyOfReturnIsFldCd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1The OrganizationBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone2567616235PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1627 West Battle StreetAddressLine1Txt
CityTalladegaCityNm
State AbbreviationALStateAbbreviationCd
ZIP35160ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (27 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtAverage Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRtKey EmployeeKeyEmployeeIndHighest Compensated EmployeeHighestCompensatedEmployeeIndFormer Ofcr Director TrusteeFormerOfcrDirectorTrusteeInd
Monique Gardner Witherspoon
Secretary1.0Yes (X)Yes (X)$0$0$0
Rica Lewis-Payton
Chairwoman1.0Yes (X)Yes (X)$0$0$0
Tracey Morant Adams
Vice Chair1.0Yes (X)Yes (X)$0$0$0
Charles Matthews
Board Member1.0Yes (X)$0$0$0
Douglas Brewer
Board Member1.0Yes (X)$0$0$0
Essye B Miller
Board Member1.0Yes (X)$0$0$0
Isaiah Hugley
Board Member1.0Yes (X)$0$0$0
Jevon Tatum
Board Member1.0Yes (X)$0$0$0
Jimmy E Kelly III
Board Member1.0Yes (X)$0$0$0
Kristie Brook Purnell
Board Member1.0Yes (X)$0$0$0
Marc A Love
Board Member1.0Yes (X)$0$0$0
Robert Dickerson
Board Member1.0Yes (X)$0$0$0
Robian R Charles
Board Member1.0Yes (X)$0$0$0
Russell Holloway
Board Member1.0Yes (X)$0$0$0
Sherman A James
Board Member1.0Yes (X)$0$0$0
Virginetta Cannon
Board Member1.0Yes (X)$0$0$0
Zenda Bowie
Board Member1.0Yes (X)$0$0$0
Dr Willie L Todd Jr
College President39.0Yes (X)$0$0$01.0
Kenyatta N Shamburger
VP and COO39.0Yes (X)$174,167$0$01.0
Roy L Saulsberry
Associate VP/Comptroller39.0Yes (X)$107,250$0$01.0
William Earl Warren
VP of Institutional Advancement40.0$155,833$0$0Yes (X)
Abina Dawn Billups
DirectorofSponsoredPrograms40.0$121,808$0$0Yes (X)
Alicia L Curry
Dean of Social Science and Education40.0$167,750$0$0Yes (X)
Norris Allen Edney
VP & Deputy Chief of Staff40.0$125,325$0$0Yes (X)
Pernella Deams
VP of Student Affairs/Dean of Students40.0$145,417$0$0Yes (X)
Sama A Mondeh
Senior VP of Finance40.0$124,338$0$0Yes (X)
Gregory J Vincent
College President, Former39.0$166,833$0$01.0Yes (X)
FieldValueIRS element (for citing)
Total Reportable Comp From Org$1,288,721TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$0TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K24IndivRcvdGreaterThan100KCnt
Former Ofcr Employees ListedYes (true)FormerOfcrEmployeesListedInd
Total Comp Greater Than150 KYes (true)TotalCompGreaterThan150KInd
Compensation From Other SrcsfalseCompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp (5 entries)

Address Line1ContractorAddress/USAddress/AddressLine1TxtAddress Line2ContractorAddress/USAddress/AddressLine2TxtCityContractorAddress/USAddress/CityNmState AbbreviationContractorAddress/USAddress/StateAbbreviationCdZIPContractorAddress/USAddress/ZIPCdServicesServicesDescCompensationCompensationAmt
Thompson Hospitality
1741 Business Center DrSuite 200RestonVA20190Food Services$2,705,254
Honeywell International Building Solutions
PO Box 825736PhiladelphiaPA19182Construction$780,243
E-Footprints Partners LLC
160A N Yeager CourtPelhamAL35124Educational Services$596,473
Cengage Learning
PO Box 936754AtlantaGA31193Educational Services$581,265
Talladega Home Center
1104 Ashland HighwayTalladegaAL35160Construction$382,067
FieldValueIRS element (for citing)
Cntrct Rcvd Greater Than100 K5CntrctRcvdGreaterThan100KCnt
Government Grants$4,727,295GovernmentGrantsAmt
All Other Contributions$4,719,284AllOtherContributionsAmt
Total Contributions$9,446,579TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp (3 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmtRelated Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt
Tuition and Fees611600$11,073,011$11,073,011
Auxiliary Program Revenue611710$4,085,445$4,085,445
Other program revenue611600$108,496$108,496

Total Oth Program Service Rev TotalOthProgramServiceRevGrp

FieldValueIRS element (for citing)
Total Revenue Column$0TotalRevenueColumnAmt
Related Or Exempt Func Income$0RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$0ExclusionAmt
FieldValueIRS element (for citing)
Total Program Service Revenue$15,266,952TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$212,451TotalRevenueColumnAmt
Exclusion$212,451ExclusionAmt

Gross Rents GrossRentsGrp

FieldValueIRS element (for citing)
Real$12,960RealAmt

Rental Income Or Loss RentalIncomeOrLossGrp

FieldValueIRS element (for citing)
Real$12,960RealAmt
Personal$0PersonalAmt

Net Rental Income Or Loss NetRentalIncomeOrLossGrp

FieldValueIRS element (for citing)
Total Revenue Column$12,960TotalRevenueColumnAmt
Related Or Exempt Func Income$12,960RelatedOrExemptFuncIncomeAmt

Gain Or Loss GainOrLossGrp

FieldValueIRS element (for citing)
Securities$0SecuritiesAmt
Other$0OtherAmt

Other Revenue Misc OtherRevenueMiscGrp

FieldValueIRS element (for citing)
DescOther RevenueDesc
Business900099BusinessCd
Total Revenue Column$660,723TotalRevenueColumnAmt
Exclusion$660,723ExclusionAmt

Miscellaneous Revenue MiscellaneousRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$0TotalRevenueColumnAmt
Related Or Exempt Func Income$0RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$0ExclusionAmt
FieldValueIRS element (for citing)
Other Revenue Total$660,723OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$25,599,665TotalRevenueColumnAmt
Related Or Exempt Func Income$15,279,912RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$873,174ExclusionAmt
FieldValueIRS element (for citing)
Info In Schedule O Part IXYes (X)InfoInScheduleOPartIXInd

Grants To Domestic Individuals GrantsToDomesticIndividualsGrp

FieldValueIRS element (for citing)
Total$6,829,232TotalAmt
Program Services$6,829,232ProgramServicesAmt

Benefits To Members BenefitsToMembersGrp

FieldValueIRS element (for citing)
Total$0TotalAmt
Program Services$0ProgramServicesAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$538,590TotalAmt
Program Services$415,460ProgramServicesAmt
Management And General$111,268ManagementAndGeneralAmt
Fundraising$11,862FundraisingAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$10,787,162TotalAmt
Program Services$8,321,056ProgramServicesAmt
Management And General$2,228,536ManagementAndGeneralAmt
Fundraising$237,570FundraisingAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$926,602TotalAmt
Program Services$694,250ProgramServicesAmt
Management And General$219,567ManagementAndGeneralAmt
Fundraising$12,785FundraisingAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$819,785TotalAmt
Management And General$797,764ManagementAndGeneralAmt
Fundraising$22,021FundraisingAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$250,667TotalAmt
Program Services$105,130ProgramServicesAmt
Management And General$145,537ManagementAndGeneralAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$29,005TotalAmt
Management And General$29,005ManagementAndGeneralAmt

Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp

FieldValueIRS element (for citing)
Total$26,183TotalAmt
Management And General$26,183ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$8,187,606TotalAmt
Program Services$3,486,253ProgramServicesAmt
Management And General$4,523,795ManagementAndGeneralAmt
Fundraising$177,558FundraisingAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$3,113TotalAmt
Program Services$1,953ProgramServicesAmt
Management And General$1,046ManagementAndGeneralAmt
Fundraising$114FundraisingAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$943,523TotalAmt
Program Services$38ProgramServicesAmt
Management And General$901,536ManagementAndGeneralAmt
Fundraising$41,949FundraisingAmt

Information Technology InformationTechnologyGrp

FieldValueIRS element (for citing)
Total$280,372TotalAmt
Program Services$145,412ProgramServicesAmt
Management And General$128,343ManagementAndGeneralAmt
Fundraising$6,617FundraisingAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$2,366,446TotalAmt
Program Services$837,947ProgramServicesAmt
Management And General$1,528,499ManagementAndGeneralAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$931,174TotalAmt
Program Services$784,429ProgramServicesAmt
Management And General$143,225ManagementAndGeneralAmt
Fundraising$3,520FundraisingAmt

Conferences Meetings ConferencesMeetingsGrp

FieldValueIRS element (for citing)
Total$2,300TotalAmt
Program Services$1,443ProgramServicesAmt
Management And General$773ManagementAndGeneralAmt
Fundraising$84FundraisingAmt

Interest InterestGrp

FieldValueIRS element (for citing)
Total$1,378,940TotalAmt
Program Services$809,194ProgramServicesAmt
Management And General$569,746ManagementAndGeneralAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$2,183,110TotalAmt
Program Services$1,281,100ProgramServicesAmt
Management And General$902,010ManagementAndGeneralAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$435,479TotalAmt
Program Services$3,696ProgramServicesAmt
Management And General$431,783ManagementAndGeneralAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmtManagement And GeneralManagementAndGeneralAmtFundraisingFundraisingAmt
Repairs & Maintenance$855,330$414,057$424,657$16,616
Bad Debt Expense$396,259$396,259
Supplies & Uniforms$386,770$222,759$152,204$11,807
Dues & Subscriptions$311,202$195,181$104,595$11,426

All Other Expenses AllOtherExpensesGrp

FieldValueIRS element (for citing)
Total$0TotalAmt
Program Services$0ProgramServicesAmt
Management And General$0ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$38,868,850TotalAmt
Program Services$24,548,590ProgramServicesAmt
Management And General$13,766,331ManagementAndGeneralAmt
Fundraising$553,929FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$36,473BOYAmt
EOY$787,996EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$2,024BOYAmt
EOY$485,065EOYAmt

Receivables From Officers Etc ReceivablesFromOfficersEtcGrp

FieldValueIRS element (for citing)
BOY$5,841,869BOYAmt
EOY$0EOYAmt

Rcvbl From Disqualified Prsn RcvblFromDisqualifiedPrsnGrp

FieldValueIRS element (for citing)
EOY$0EOYAmt

Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp

FieldValueIRS element (for citing)
BOY$13,739,100BOYAmt
EOY$13,739,100EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$94,388EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$61,608,798LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$32,489,791LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$91,750,002BOYAmt
EOY$29,119,007EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

FieldValueIRS element (for citing)
BOY$4,156,277BOYAmt
EOY$2,957,388EOYAmt

Investments Other Securities InvestmentsOtherSecuritiesGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt

Investments Program Related InvestmentsProgramRelatedGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$52,446,716EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$115,525,745BOYAmt
EOY$99,629,660EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$6,481,738BOYAmt
EOY$4,850,962EOYAmt

Deferred Revenue DeferredRevenueGrp

FieldValueIRS element (for citing)
BOY$731,110BOYAmt
EOY$155,922EOYAmt

Loans From Officers Directors LoansFromOfficersDirectorsGrp

FieldValueIRS element (for citing)
EOY$0EOYAmt

Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp

FieldValueIRS element (for citing)
BOY$30,167,523BOYAmt
EOY$38,361,367EOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$101,178BOYAmt
EOY$98,572EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$37,481,549BOYAmt
EOY$43,466,823EOYAmt
FieldValueIRS element (for citing)
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$76,510,442BOYAmt
EOY$51,528,540EOYAmt

Donor Restriction Net Assets DonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$1,533,754BOYAmt
EOY$4,634,297EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$78,044,196BOYAmt
EOY$56,162,837EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$115,525,745BOYAmt
EOY$99,629,660EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss-$13,269,185ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst$1,124,794NetUnrlzdGainsLossesInvstAmt
Prior Period Adjustments-$9,736,968PriorPeriodAdjustmentsAmt
Other Changes In Net Assets$0OtherChangesInNetAssetsAmt
Info In Schedule O Part XIIYes (X)InfoInScheduleOPartXIIInd
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or ReviewfalseAccountantCompileOrReviewInd
FS AuditedYes (true)FSAuditedInd
Audit CommitteeYes (true)AuditCommitteeInd
Federal Grant Audit RequiredYes (true)FederalGrantAuditRequiredInd
Federal Grant Audit PerformedYes (true)FederalGrantAuditPerformedInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
SchoolYes (X)SchoolInd

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
ContributorRESTRICTEDContributorNum

Contributor Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Total ContributionsRESTRICTEDTotalContributionsAmt

Schedule D IRS990ScheduleD

Art Public Exhibition Amounts ArtPublicExhibitionAmountsGrp

FieldValueIRS element (for citing)
Revenues Included$0RevenuesIncludedAmt
Assets Included$601,490AssetsIncludedAmt
FieldValueIRS element (for citing)
Collection Used Pub ExhibitionYes (X)CollectionUsedPubExhibitionInd
Collection Used PreservationYes (X)CollectionUsedPreservationInd
Solicited Assets SalefalseSolicitedAssetsSaleInd

CY Endwmt Fund CYEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$4,156,277BeginningYearBalanceAmt
Contributions$62,500ContributionsAmt
Investment Earnings Or Losses-$1,260,397InvestmentEarningsOrLossesAmt
Other Expenditures$98,130OtherExpendituresAmt
End Year Balance$2,860,250EndYearBalanceAmt

CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$3,649,207BeginningYearBalanceAmt
Investment Earnings Or Losses$541,777InvestmentEarningsOrLossesAmt
Other Expenditures$34,707OtherExpendituresAmt
End Year Balance$4,156,277EndYearBalanceAmt

CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$3,270,205BeginningYearBalanceAmt
Contributions$158,631ContributionsAmt
Investment Earnings Or Losses$235,371InvestmentEarningsOrLossesAmt
Other Expenditures$15,000OtherExpendituresAmt
End Year Balance$3,649,207EndYearBalanceAmt

CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$3,695,743BeginningYearBalanceAmt
Contributions$362,386ContributionsAmt
Investment Earnings Or Losses$204,541InvestmentEarningsOrLossesAmt
Other Expenditures$992,465OtherExpendituresAmt
End Year Balance$3,270,205EndYearBalanceAmt

CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$2,561,968BeginningYearBalanceAmt
Investment Earnings Or Losses$1,133,775InvestmentEarningsOrLossesAmt
End Year Balance$3,695,743EndYearBalanceAmt
FieldValueIRS element (for citing)
Board Designated Balance EOY0.0BoardDesignatedBalanceEOYPct
Prmnnt Endowment Balance EOY1.0PrmnntEndowmentBalanceEOYPct
Term Endowment Balance EOY0.0TermEndowmentBalanceEOYPct

Land LandGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$144,788OtherCostOrOtherBasisAmt
Book Value$144,788BookValueAmt

Buildings BuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$42,203,423OtherCostOrOtherBasisAmt
Depreciation$16,638,110DepreciationAmt
Book Value$25,565,313BookValueAmt

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$19,164,824OtherCostOrOtherBasisAmt
Depreciation$15,851,681DepreciationAmt
Book Value$3,313,143BookValueAmt

Other Land Buildings OtherLandBuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$95,763OtherCostOrOtherBasisAmt
Book Value$95,763BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$29,119,007TotalBookValueLandBuildingsAmt

Other Assets Org OtherAssetsOrgGrp (4 entries)

DescDescBook ValueBookValueAmt
Historical Collections of Artwork$601,490
ROU Asset - Equipment Lease$95,583
Beneficial interest in trust$1,649,643
Investments in personal property - Murals$50,100,000
FieldValueIRS element (for citing)
Total Book Value Other Assets$52,446,716TotalBookValueOtherAssetsAmt

Other Liabilities Org OtherLiabilitiesOrgGrp (2 entries)

DescDescAmtAmt
Federal Income Taxes
Lease Liability$98,572
FieldValueIRS element (for citing)
Total Liability$98,572TotalLiabilityAmt
Footnote TextYes (X)FootnoteTextInd
Total Rev Etc Audited Fincl Stmt$19,869,044TotalRevEtcAuditedFinclStmtAmt
Net Unrealized Gains Invst$1,124,794NetUnrealizedGainsInvstAmt
Other Revenue-$6,829,232OtherRevenueAmt
Revenue Not Reported-$5,704,438RevenueNotReportedAmt
Revenue Subtotal$25,573,482RevenueSubtotalAmt
Investment Expenses Not Incld$26,183InvestmentExpensesNotIncldAmt
Other Revenues Not Included$0OtherRevenuesNotIncludedAmt
Revenue Not Reported Fincl Stmt$26,183RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990$25,599,665TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$32,013,435TotExpnsEtcAuditedFinclStmtAmt
Other Expenses Included$0OtherExpensesIncludedAmt
Expenses Not Reported$0ExpensesNotReportedAmt
Expenses Subtotal$32,013,435ExpensesSubtotalAmt
Investment Expenses Not Incld2$26,183InvestmentExpensesNotIncld2Amt
Other Expenses Not Included$6,829,232OtherExpensesNotIncludedAmt
Expenses Not Rpt Fincl Stmt$6,855,415ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990$38,868,850TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
Schedule D, Part III, Line 4 Collections of art - description of collectionsTalladega College maintains various collections of art, historical artifacts, and rare books that are held for educational, research, and public exhibition purposes in furtherance of public service rather than for financial gain.
Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnoteThe College is exempt from Federal and State income taxes under Section 501(c)(3) of the Internal Revenue Code (the "Code") whereby only unrelated business income, as defined by Section 512(a)(l) of the Code, is subject to Federal income tax. Accordingly, no provision for income taxes has been made in the accompanying combined financial statements. The College believes it does not have any uncertain tax positions that are material to the combined financial statements.

Schedule E IRS990ScheduleE

FieldValueIRS element (for citing)
Nondiscriminatory Policy StmtYes (true)NondiscriminatoryPolicyStmtInd
Policy Stmt In Brochures EtcYes (true)PolicyStmtInBrochuresEtcInd
Plcy Pblczd Via Broadcast MediaYes (true)PlcyPblczdViaBroadcastMediaInd
Maintain Racial Comp RecsYes (true)MaintainRacialCompRecsInd
Maintain Scholarships RecsYes (true)MaintainScholarshipsRecsInd
Maintain Cpy Of Brochures EtcYes (true)MaintainCpyOfBrochuresEtcInd
Maintain Cpy Of All SolYes (true)MaintainCpyOfAllSolInd
Discriminate Race Stdnts RghtsfalseDiscriminateRaceStdntsRghtsInd
Discriminate Race Admiss PlcyfalseDiscriminateRaceAdmissPlcyInd
Discriminate Race Emplm FcultyfalseDiscriminateRaceEmplmFcultyInd
Discriminate Race SchsfalseDiscriminateRaceSchsInd
Discriminate Race Educ PlcyfalseDiscriminateRaceEducPlcyInd
Discriminate Race Use Of FcltsfalseDiscriminateRaceUseOfFcltsInd
Discriminate Race Athlt ProgfalseDiscriminateRaceAthltProgInd
Discriminate Race Other ActyfalseDiscriminateRaceOtherActyInd
Government Financial Aid RcvdYes (true)GovernmentFinancialAidRcvdInd
Government Financial Aid RvkdfalseGovernmentFinancialAidRvkdInd
Compliance With Rev Proc7550Yes (true)ComplianceWithRevProc7550Ind

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
Schedule E, Part I, Line 3 RACIALLY NONDISCRIMINATORY POLICYThe College does not discriminate on the basis of race, color, national, or ethnic origin in administration of its educational policies, scholarships, and loan programs.
Schedule E, Part I, Line 6(a) FINANCIAL AID OR ASSISTANCE FROM A GOVERNMENTTalladega College receives federal and state grants. Applicable grantors include the U.S. Department of Education, the National Institute of Standards and Technology, the National Science Foundation, the U.S. Department of Agriculture, and various local governmental agencies. The College also participates in the federal Title IV student financial assistance programs, which require it to meet standards of financial responsibility based on criteria determined by the U.S. Department of Education.

Schedule I IRS990ScheduleI

FieldValueIRS element (for citing)
Grant Records MaintainedYes (true)GrantRecordsMaintainedInd

Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp

FieldValueIRS element (for citing)
Grant TypeStudent AssistanceGrantTypeTxt
Recipient500RecipientCnt
Cash Grant$6,829,232CashGrantAmt

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferenceSchedule I, Part I, Line 2 Procedures for monitoring use of grant fundsFormAndLineReferenceDesc
ExplanationScholarships are awarded to students based on an application process.ExplanationTxt

Schedule J IRS990ScheduleJ

FieldValueIRS element (for citing)
Compensation CommitteeYes (X)CompensationCommitteeInd
Board Or Committee ApprovalYes (X)BoardOrCommitteeApprovalInd
Severance PaymentfalseSeverancePaymentInd
Supplemental Nonqual Rtr PlanfalseSupplementalNonqualRtrPlanInd
Equity Based Comp ArrngmfalseEquityBasedCompArrngmInd
Comp Based On Revenue Of Flng OrgfalseCompBasedOnRevenueOfFlngOrgInd
Comp Bsd On Rev Related OrgsfalseCompBsdOnRevRelatedOrgsInd
Comp Bsd Net Earns Flng OrgfalseCompBsdNetEarnsFlngOrgInd
Comp Bsd Net Earns Rltd OrgsfalseCompBsdNetEarnsRltdOrgsInd
Any Non Fixed PaymentsfalseAnyNonFixedPaymentsInd
Initial Contract ExceptionfalseInitialContractExceptionInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (4 entries)

TitleTitleTxtBase Compensation Filing OrgBaseCompensationFilingOrgAmtCompensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmtBonus Filing OrganizationBonusFilingOrganizationAmountBonus Related OrganizationsBonusRelatedOrganizationsAmtOther Compensation Filing OrgOtherCompensationFilingOrgAmtOther Compensation Rltd OrgsOtherCompensationRltdOrgsAmtDeferred Compensation Flng OrgDeferredCompensationFlngOrgAmtDeferred Comp Rltd OrgsDeferredCompRltdOrgsAmtNontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmtNontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmtTotal Compensation Filing OrgTotalCompensationFilingOrgAmtTotal Compensation Rltd OrgsTotalCompensationRltdOrgsAmtComp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmtComp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt
Gregory J Vincent
College President, Former$166,833$0$0$0$0$0$0$0$0$0$166,833$0$0$0
Kenyatta N Shamburger
VP and COO$174,167$0$0$0$0$0$0$0$0$0$174,167$0$0$0
William Earl Warren
VP of Institutional Advancement$155,833$0$0$0$0$0$0$0$0$0$155,833$0$0$0
Alicia L Curry
Dean of Social Science and Education$167,750$0$0$0$0$0$0$0$0$0$167,750$0$0$0

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (7 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
Form 990, Part VI, Line 15The Board of Trustees based on predetermined areas of performance evaluates the work of the President of the College annually. The Board's evaluation and Compensation Committee evaluates key employees of the College.
Form 990, Part VI, Line 11b Review of form 990 by governing bodyA copy of Form 990 is provided to the Board prior to filing.
Form 990, Part VI, Line 12c Conflict of interest policyTrustees are required to disclose at the next convening Board of Trustees meeting any conflicts of interest. Board members with a conflict of interest must abstain from voting on the resolution.
Form 990, Part VI, Line 19 Required documents available to the publicThe organization makes its governing documents, conflict of interest policy, form 990, and other information available upon request.
Form 990, Part IX, Line 11g Other FeesConsulting - Total Expense: 228842, Program Service Expense: 97440, Management and General Expenses: 126587, Fundraising Expenses: 4815; Other Professional Service Fees - Total Expense: 3888192, Program Service Expense: 1655578, Management and General Expenses: 2145513, Fundraising Expenses: 87101; IT Contract Services - Total Expense: 1247100, Program Service Expense: 531011, Management and General Expenses: 689851, Fundraising Expenses: 26238; Building/Grounds Contract Services - Total Expense: 1734304, Program Service Expense: 738460, Management and General Expenses: 959355, Fundraising Expenses: 36489; Dining Hall Contract Services - Total Expense: 1089168, Program Service Expense: 463764, Management and General Expenses: 602489, Fundraising Expenses: 22915;
Form 990, Part XI, Line 8The combined financial statements were adjusted for the year ended June 30, 2024 for multiple prior period adjustments as described below: The combined financial statements were adjusted for the year ended June 30, 2024 to reflect net assets by the appropriate donor-imposed restricted net asset classifications as defined by FASB's Not-for-Profit presentation and disclosure guidance. This adjustment had the effect of decreasing net assets without donor restrictions by $2,494,809 and increasing net assets with donor restrictions by $2,494,809 at June 30, 2024. This adjustment had no effect on the change in net assets for the year ended June 30, 2024. The combined financial statements were adjusted for the year ended June 30, 2024 to reflect the accurate outstanding accrued interest balance for the five USDA notes payable. This adjustment had the effect of increasing outstanding accrued interest payable and decreasing net assets without donor restrictions by $649,251 at June 30, 2024 and decreased the change in net assets by $649,251 for the year ended June 30, 2024. The combined financial statements were adjusted for the year ended June 30, 2024 to reflect the allowance for credit losses related to student accounts receivable. This adjustment had the effect of decreasing net student accounts receivable and decreasing net assets without donor restrictions by $4,960,545 at June 30, 2024 and decreasing the change in net assets by $779,187 for the year ending June 30, 2024. The combined financial statements were adjusted for the year ended June 30, 2024 to reflect accumulated depreciation using reasonable estimated useful lives supported by historical usage data and industry standards. This adjustment had the effect of decreased property and equipment and decreasing net assets without donor restrictions by $5,278,881, and decreasing the change in net assets by $1,285,913 for the year ended June 30, 2024. The combined financial statements were adjusted for the year ended June 30, 2024 to reflect the outstanding notes payable balance. This adjustment had the effect of decreasing notes payable and increasing net assets without donor restrictions by $6,088,161. The adjustment had no effect on the change in net assets for the year ended June 30, 2024. The combining financial statements were adjusted for the year ended June 30, 2024 to reflect the total capitalized construction projects of the Student Center and Residence Hall. This adjustment had the effect of increasing net property and equipment and increasing net assets without donor restrictions by $6,858,382 from Talladega College's combining statement of financial position at June 30, 2024, and to Talladega College Real Estate SC's combining statement of financial position at June 30, 2024. This adjustment had no effect on the change in net assets for the year ended June 30, 2024. The total net effect of the adjustments for the year ended June 30, 2024 was a decrease to net assets without donor restrictions of $7,259,980, an increase to net assets with donor restrictions of $2,459,464 and a net decrease to total net assets of $4,800,516. This adjustment decreased the change in net assets for the year ended June 30, 2024 by $2,714,351.
Form 990, Part XII, Line 2c Change of oversight process or selection processThe organization selected a new accounting firm to perform the current year audit and preparation of Form 990.

Schedule R IRS990ScheduleR

Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp

Disregarded Entity Name DisregardedEntityName

FieldValueIRS element (for citing)
Business Name Line1Talladega College Real Estate SC IncBusinessNameLine1Txt

US Address USAddress

FieldValueIRS element (for citing)
Address Line1627 West Battle StAddressLine1Txt
CityTalladegaCityNm
State AbbreviationALStateAbbreviationCd
ZIP351602354ZIPCd
FieldValueIRS element (for citing)
EIN824609555EIN
Primary ActivitiesFacilitating Construction at Talladega CollegePrimaryActivitiesTxt
Legal Domicile StateALLegalDomicileStateCd
Exempt Code Section501(c)(3)ExemptCodeSectionTxt
Public Charity StatusType III-FIPublicCharityStatusTxt

Direct Controlling Entity Name DirectControllingEntityName

FieldValueIRS element (for citing)
Business Name Line1Talladega CollegeBusinessNameLine1Txt
FieldValueIRS element (for citing)
Controlled OrganizationYes (true)ControlledOrganizationInd
FieldValueIRS element (for citing)
Receipt Of Int Annts Rnts RyltsfalseReceiptOfIntAnntsRntsRyltsInd
Gift Grnt Or Cap Contri To Oth OrgfalseGiftGrntOrCapContriToOthOrgInd
Gift Grnt Cap Contri From Oth OrgfalseGiftGrntCapContriFromOthOrgInd
Loans Or Guarantees To Other OrgfalseLoansOrGuaranteesToOtherOrgInd
Loans Or Guarantees From Oth OrgfalseLoansOrGuaranteesFromOthOrgInd
Div Related OrganizationfalseDivRelatedOrganizationInd
Asset Sale To Other OrgfalseAssetSaleToOtherOrgInd
Asset Purchase From Other OrgfalseAssetPurchaseFromOtherOrgInd
Asset ExchangefalseAssetExchangeInd
Rental Of Facilities To Oth OrgfalseRentalOfFacilitiesToOthOrgInd
Rental Of Fclts From Oth OrgYes (true)RentalOfFcltsFromOthOrgInd
Perform Of Services For Oth OrgfalsePerformOfServicesForOthOrgInd
Perform Of Services By Other OrgfalsePerformOfServicesByOtherOrgInd
Sharing Of FacilitiesYes (true)SharingOfFacilitiesInd
Paid Employees SharingYes (true)PaidEmployeesSharingInd
Reimbursement Paid To Other OrgfalseReimbursementPaidToOtherOrgInd
Reimbursement Paid By Other OrgfalseReimbursementPaidByOtherOrgInd
Transfer To Other OrgfalseTransferToOtherOrgInd
Transfer From Other OrgfalseTransferFromOtherOrgInd

Transactions Related Org TransactionsRelatedOrgGrp

Other Organization Name OtherOrganizationName

FieldValueIRS element (for citing)
Business Name Line1Talladega College Real Estate SC IncBusinessNameLine1Txt
FieldValueIRS element (for citing)
Transaction TypeKTransactionTypeTxt
Involved$872,339InvolvedAmt
Method Of Amount DeterminationBOOKMethodOfAmountDeterminationTxt

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