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Education : Scholarship and Financial Support

UNCF

A mind is a terrible thing to waste

four stars

92.00

1805 7th Street, NW Washington, DC 20001
tel: (800) 331-2244   Web Site
EIN: 13-1624241

Board Leadership
William F. Stasior
Chair Of The Board

CEO
Michael L. Lomax
President, CEO

 
 
  Score
(out of 100)
Rating
Overall Score & Rating 92.00 four stars
  Financial 92.00 four stars
  Accountability & Transparency 92.00 four stars
This rating was published 03/01/2018 and includes data from FY2017, the most recent 990 received at that time.

Since its inception in 1944, UNCF has grown to become the nation's oldest and most successful African American higher education assistance organization. Our mission is to enhance the quality of education by providing financial assistance to deserving students, raising operating funds for member colleges and universities, and increasing access to technology for students and faculty at historically black colleges and universities. UNCF helps promising students attend college and graduate by providing operating funds for its 39 member colleges, administering 400 scholarship and internship programs, and serving as a national advocate for the importance of minority higher education by representing the public policy interests of its students and member colleges.

Since its inception in 1944, UNCF has grown to become the nation's oldest and most successful African American higher education assistance organization. Our mission is to enhance the quality of education by providing financial assistance to deserving students, raising operating funds for member colleges and universities, and increasing access to technology for students and faculty at historically black colleges and universities. UNCF helps promising students attend college and graduate by providing operating funds for its 39 member colleges, administering 400 scholarship and internship programs, and serving as a national advocate for the importance of minority higher education by representing the public policy interests of its students and member colleges.

Financial

four stars

92.00

Accountability & Transparency

four stars

92.00

This rating was published 03/01/2018 and includes data from FY2017, the most recent 990 received at that time.
Overall Rating Chart
  Program Expenses
(Percent of the charity's total expenses spent on the programs
and services it delivers)
88.3%
  Administrative Expenses 4.4%
  Fundraising Expenses 7.1%
  Fundraising Efficiency $0.07
  Working Capital Ratio (years) 3.65
  Program Expenses Growth 4.5%
  Liabilities to Assets 6.2%
All data for Financial Performance Metrics calculations was provided by UNCF on recent 990s filed with the IRS.
All data for Financial Performance Metrics calculations was provided by UNCF on recent 990s filed with the IRS.

Highly Rated

Charity Name & State Overall Score Overall Rating
UNCF (DC) 92.00 four stars
ACCESS College Foundation (VA) 93.57 four stars
Catholic Education Arizona (AZ) 86.79 three stars
American Technion Society (NY) 92.44 four stars
American Quarter Horse Foundation (TX) 90.03 four stars

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REVENUE  
Contributions  
   Contributions, Gifts & Grants $43,798,404
   Federated Campaigns $890,354
   Membership Dues $0
   Fundraising Events $9,263,342
   Related Organizations $0
   Government Grants $0
Total Contributions $53,952,100
   Program Service Revenue $195,678
Total Primary Revenue $54,147,778
   Other Revenue $25,716,909
TOTAL REVENUE $79,864,687
   
EXPENSES  
   Program Expenses $162,453,222
   Administrative Expenses $8,302,556
   Fundraising Expenses $13,069,319
TOTAL FUNCTIONAL EXPENSES $183,825,097
   
Payments to Affiliates $0
Excess (or Deficit) for the year $-103,960,410
   
Net Assets $720,963,924

Program names and associated costs are listed for the top programs as reported on the charity's most recently filed Form 990. The top programs displayed will include the largest three programs, or those programs covering at least 60% of the charity's total expenses, whichever comes first.

Program Name Amount Spent % of Program Expenses
Gates Millennium Scholars Program $108,210,907 66.6%
Educational Delivery $36,914,933 22.7%
Institutional Services $2,158,982 1.3%
Rental Income $15,168,400 9.3%

Ratings History
UNCF has received 3 consecutive 4-star ratings from Charity Navigator.

Form 990 FYE Date Published Overall Score Overall Rating
CN 2.1
2017-03 03/01/2018 92.00 four stars
2016-03 05/01/2017 94.94 four stars
2015-03 06/01/2016 90.47 four stars
 
CN 2.0
2015-03 02/01/2016 89.62 three stars
2014-03 08/01/2015 87.37 three stars
2013-03 07/01/2014 91.20 four stars
2012-03 06/01/2013 91.34 four stars
2011-03 05/01/2012 90.71 four stars
2010-03 09/20/2011 87.96 three stars
 
CN 1.0
2010-03 06/01/2011 78.60 two stars
2009-03 07/01/2010 80.66 three stars
2008-03 07/01/2009 82.00 three stars
2007-03 10/01/2008 84.16 three stars
2006-03 04/01/2008 89.02 three stars
2005-03 03/01/2006 85.62 three stars
2004-03 03/01/2005 88.06 three stars
2003-03 12/01/2003 83.37 three stars
2002-03 04/15/2003 91.08 four stars
2001-03 10/15/2002 95.99 four stars

The data displayed on this tab is provided by the IRS in the form of Publication 78 and the Business Master File (BMF).

EIN 13-1624241
Name in IRS Master File UNITED NEGRO COLLEGE FUND INC
NTEE Code B82
NTEE Classification Scholarships, Student Financial Aid Services, Awards
NTEE Type Educational Institutions and Related Activities
Classification Educational Organization
Subsection 501(c)(3)  (View the list of codes)
Activities (59) Other school related activities
(927) Fundraising
Foundation Status Organization which receives a substantial part of its support from a governmental unit or the general public   170(b)(1)(A)(vi)
Deductibility Contributions are deductible
Affiliation Independent - the organization is an independent organization or an independent auxiliary (i.e., not affiliated with a National, Regional, or Geographic grouping of organizations).
Group Name [Not Applicable]
Ruling Date October, 2004
Filing Requirement 990 (all other) or 990EZ return
Fiscal Year End March
IRS Forms 990
(provided courtesy of Foundation Center)
(Log In or Register Now to View Forms 990!)
  • March, 2017
  • March, 2016
  • March, 2015
  • March, 2014
  • March, 2013

The data displayed in this profile is provided by the IRS for free in the form of Publication 78 and the Business Master File (BMF).

Compensation % of Expenses Paid to Title
$582,792 0.31% Michael L. Lomax President, CEO

Highly Rated

Charity Name & State Overall Score Overall Rating
UNCF (DC) 92.00 four stars
Step Up For Students (FL) 98.23 four stars
Children's Scholarship Fund Philadelphia (PA) 100.00 four stars
Seeds of Hope Charitable Trust (CO) 92.22 four stars
Institute for Quality Education (IN) 86.56 three stars

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This charity has an official representative registered with Charity Navigator.

Charity Contact Info

UNCF
1805 7th Street, NW
Washington, DC 20001
tel: (800) 331-2244
EIN: 13-1624241

Visit Web Site

Board Leadership

William F. Stasior
Chair Of The Board

CEO

Michael L. Lomax
President, CEO

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