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Education : Scholarship and Financial Support

UNCF

A mind is a terrible thing to waste

87.97

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

Board Leadership
William F. Stasior
Chair

CEO
Michael L. Lomax
President, CEO

 
 
  Score
(out of 100)
Rating
Overall Score & Rating 87.97
  Financial 85.00
  Accountability & Transparency 92.00
This rating was published 10/01/2021 and includes data from FY2020, 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.

Impact & Results Score

Score
75/100
Program Name: Scholarship Program
Program Name: Scholarship Program

Note: The Impact & Results score currently has no effect on the nonprofit's Star Rating.

The Impact & Results score is a measure of how well a nonprofit delivers on its stated mission. To issue a score, Charity Navigator estimates the actual impact the nonprofit has on the lives of those it serves, and determines whether it is making good use of donor resources to achieve that impact. Learn more about our Impact & Results methodology here.

Program Activities
United Negro College Fund grants scholarships to beneficiaries.
Impact Statement
$16,000 increases income for a scholarship recipient in need by $20,000.
Assessment Benchmark
Impact & Results scores of postsecondary scholarship programs are based on income generated relative to cost. Programs receive an Impact & Results score of 100 if they increase income for a recipient by more than $1.50 for every $1 spent and a score of 75 if income increases by more than $0.85 for every $1 spent. If a nonprofit reports impact but doesn't meet the threshold for cost-effectiveness, it earns a score of 50.
Methodology
ImpactMatters analyzed publicly available data to rate the cost-effectiveness of UNCF.
Data Source
Output data collected during the program. United Negro College Fund publicly reports data on the dollar value of all scholarships it grants and the number of scholarship recipients, which we use to calculate the additional income that the nonprofit's scholarship program generates.
Method for Attributing Outcomes
We estimate the increase in income caused by a nonprofit's scholarship program in two steps. First, we compare the estimated postsecondary graduation rate of its scholars to that of comparable students who did not receive a scholarship (the “counterfactual”). Our estimates are drawn from rigorous social science studies of similar scholarship programs. The result is the number of scholars whose graduation was caused by the nonprofit. Second, we compare the earnings of graduates to non-graduates based on publicly available census data, matching on student demographic characteristics. We apply the earnings boost owing to a degree to those scholars whose graduation was caused by the nonprofit. Both steps are necessary to properly net out counterfactual successes from observed successes. Otherwise, we would be attributing changes (increase in graduation rate and increase in earnings) to the nonprofit when they would have happened anyway. Few nonprofits estimate the counterfactual themselves, so we construct our own counterfactual estimate based on research and publicly available data.
Details
Analysis conducted by ImpactMatters and published on November 22, 2019.
This impact information is current as of September 2020, when it was provided to us by ImpactMatters. At this time, Impact information published on this organization's page has no effect on its rating per our methodology.

Financial

85.00

Accountability & Transparency

92.00

This rating was published 10/01/2021 and includes data from FY2020, 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)
87.8%
  Administrative Expenses 3.9%
  Fundraising Expenses 8.2%
  Fundraising Efficiency $0.19
  Working Capital Ratio (years) 2.47
  Program Expenses Growth -4.6%
  Liabilities to Assets 9.9%
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) 87.97
Scholarship Foundation of St. Louis (MO) 97.51
Inner-City Scholarship Fund (NY) 87.40
Folds of Honor (OK) 98.23
Evans Scholars Foundation (IL) 91.97

Compare These Charities (Highly Rated)

REVENUE  
Contributions  
   Contributions, Gifts & Grants $68,747,654
   Federated Campaigns $774,916
   Membership Dues $0
   Fundraising Events $10,367,474
   Related Organizations $0
   Government Grants $0
Total Contributions $79,890,044
   Program Service Revenue $316,484
Total Primary Revenue $80,206,528
   Other Revenue $10,941,088
TOTAL REVENUE $91,147,616
   
EXPENSES  
   Program Expenses $141,102,670
   Administrative Expenses $6,855,195
   Fundraising Expenses $13,462,822
TOTAL FUNCTIONAL EXPENSES $161,420,687
   
Payments to Affiliates $0
Excess (or Deficit) for the year $-70,273,071
   
Net Assets $479,458,221

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 $81,071,126 57.5%
Scholarships and Special Projects $43,606,270 30.9%
Institutional Services $1,827,415 1.3%

Ratings History

Form 990 FYE Date Published Overall Score Overall Rating
CN 2.1
2020-03 10/01/2021 87.97
2019-03 04/01/2020 86.39
2018-03 04/01/2019 88.22
2017-03 03/01/2018 92.00
2016-03 05/01/2017 94.94
2015-03 06/01/2016 90.47
 
CN 2.0
2015-03 02/01/2016 89.62
2014-03 08/01/2015 87.37
2013-03 07/01/2014 91.20
2012-03 06/01/2013 91.34
2011-03 05/01/2012 90.71
2010-03 09/20/2011 87.96
 
CN 1.0
2010-03 06/01/2011 78.60
2009-03 07/01/2010 80.66
2008-03 07/01/2009 82.00
2007-03 10/01/2008 84.16
2006-03 04/01/2008 89.02
2005-03 03/01/2006 85.62
2004-03 03/01/2005 88.06
2003-03 12/01/2003 83.37

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, 2018
  • March, 2017
  • March, 2016
  • March, 2015
  • March, 2014
Compensation % of Expenses Paid to Title
$603,461 0.37% Michael L. Lomax President, CEO

Highly Rated

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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

CEO

Michael L. Lomax
President, CEO

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