Alderson Broaddus College Inc
- Assets
- $59.7m
- Revenue
- $38.1m
- Investments
- $7.1m
- Employees
- 823
- Location
- Philippi, WV
- Founding
- 01/1952
- Data as of
- 06/2021
- EIN
- 55-0357072
Organization Overview
Alderson Broaddus College Inc is located in Philippi, WV. The organization was established in 1952. According to its NTEE Classification (B42) the organization is classified as: Undergraduate Colleges, under the broad grouping of Education and related organizations. As of 06/2021, Alderson Broaddus College Inc employed 823 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Alderson Broaddus College Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2021, Alderson Broaddus College Inc generated $38.1m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 0.2% each year. All expenses for the organization totaled $38.6m during the year ending 06/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE HIGHER LEARNING OPPORTUNITIES TO STUDENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED HIGHER EDUCATION COLLEGE LEVEL LEARNING OPPORTUNITIES TO APPROXIMATELY 863 STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Thomas Moore Dean Of Phys Assistant Program | 40 | $127,928 | |
Joan Propst Assistant To The President For Special Projects | 40 | $104,771 | |
Jeff Rogers Cfo/evp Of Finance | Officer | 40 | $93,655 |
Mr Harry G Shaffer III ESQ Secretary | OfficerTrustee | 1 | $0 |
Mrs Valerie A Woodruff Treasurer | OfficerTrustee | 1 | $0 |
Dr James Tim Barry President/trustee | OfficerTrustee | 40 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Sodexo Operations Llc Food Service Management | 6/29/21 | $2,493,268 |
Liaison International Enrollment Management | 6/29/21 | $218,523 |
The Registry Placement Firm For Executives | 6/29/21 | $256,100 |
March-westin Company Inc Construction Services | 6/29/21 | $1,218,968 |
Lrap Risk Purchasing Group Student Reimbursement Service | 6/29/21 | $223,631 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $7,200,087 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,538,617 |
| Noncash contributions included in lines 1a–1f | $16,550 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $8,738,704 |
| Total Program Service Revenue | $29,061,331 |
| Investment income | $152,940 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $1,543 |
| Net Rental Income | $31,052 |
| Net Gain/Loss on Asset Sales | $500 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $69,651 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $38,055,721 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $13,241,215 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $114,493 |
| Compensation of current officers, directors, key employees. | $114,493 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $9,346,596 |
| Pension plan accruals and contributions | $340,820 |
| Other employee benefits | $1,228,356 |
| Payroll taxes | $652,833 |
| Fees for services: Management | $479,911 |
| Fees for services: Legal | $24,585 |
| Fees for services: Accounting | $142,905 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $770,015 |
| Advertising and promotion | $15,308 |
| Office expenses | $1,444,931 |
| Information technology | $160,270 |
| Royalties | $0 |
| Occupancy | $1,906,818 |
| Travel | $269,934 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,148,299 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,617,171 |
| Insurance | $470,262 |
| All other expenses | $2,461,408 |
| Total functional expenses | $38,577,872 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $904,211 |
| Pledges and grants receivable | $2,873,778 |
| Accounts receivable, net | $1,171,326 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $195,913 |
| Prepaid expenses and deferred charges | $162,968 |
| Net Land, buildings, and equipment | $45,118,959 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $7,058,730 |
| Investments—program-related | $1,401,620 |
| Intangible assets | $0 |
| Other assets | $850,458 |
| Total assets | $59,737,963 |
| Accounts payable and accrued expenses | $2,744,839 |
| Grants payable | $0 |
| Deferred revenue | $1,517,421 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $3,002,481 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $30,842,573 |
| Total liabilities | $38,107,314 |
| Net assets without donor restrictions | $802,803 |
| Net assets with donor restrictions | $20,827,846 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $59,737,963 |
Grants Recieved
Over the last fiscal year, we have identified 9 grants that Alderson Broaddus College Inc has recieved totaling $316,159.
| Awarding Organization | Amount |
|---|---|
Greater Kanawha Valley Foundation Charleston, WV PURPOSE: GENERAL SUPPORT | $197,169 |
West Virginia Independent Colleges And Universities Inc Charleston, WV PURPOSE: SUPPORT OF OPERATIONS | $44,411 |
Clyde And Pansy Slater Charitable Trust 9371798100 Huntington, WV PURPOSE: CONTRIBUTION | $18,927 |
Pearl G & Ruby Hollandsworth Memorial Tr Clarksburg, WV PURPOSE: CONTRIBUTION | $16,000 |
West Virginia Emulation Endowment Trust Orlando, FL PURPOSE: SCHOLARSHIP AWARDS FOR STUDENTS ATTENDING ALDERSON-BROADDUS COLLEGE | $12,700 |
Thomas E Digman Trust Chicago, IL PURPOSE: GENERAL | $10,667 |
Endowment Analysis
| Beg. Balance | $18,456,342 |
| Earnings | $137,183 |
| Net Contributions | $361,642 |
| Other Expense | $270,059 |
| Ending Balance | $18,685,108 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Campbellsville University Inc Campbellsville, KY | $197,242,279 | $142,326,474 |
Centre College Of Kentucky Danville, KY | $677,636,297 | $215,283,093 |
Roanoke College Salem, VA | $354,210,741 | $126,475,040 |
Goucher College Baltimore, MD | $394,278,148 | $93,748,228 |
Ohio Wesleyan University Delaware, OH | $522,945,081 | $119,149,215 |
Lebanon Valley College Annville, PA | $214,348,628 | $104,612,783 |
Seton Hill University Greensburg, PA | $189,465,294 | $99,847,300 |
Wittenberg College Board Of Directors Springfield, OH | $198,135,859 | $89,178,248 |
Juniata College Huntingdon, PA | $246,892,473 | $100,031,718 |
Washington And Jefferson College Washington, PA | $317,857,588 | $82,152,318 |
University Of Mount Union Alliance, OH | $316,310,745 | $109,042,625 |
Randolph-Macon College Ashland, VA | $426,120,167 | $119,204,346 |