Alderson Broaddus University Inc
- Assets
- $55.4m
- Revenue
- $31.6m
- Investments
- $5.3m
- Employees
- 680
- Location
- Philippi, WV
- Founding
- 01/1952
- Data as of
- 06/2022
- EIN
- 55-0357072
Organization Overview
Alderson Broaddus University 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 06/2022, Alderson Broaddus University Inc employed 680 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Alderson Broaddus University 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 06/2022, Alderson Broaddus University Inc generated $31.6m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.5%) each year. All expenses for the organization totaled $37.0m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (1.4%) per year over the past 7 years. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
SERVE THE REGION AS AN ACADEMIC, CULTURAL AND RELIGIOUS RESOURCE THROUGH PROGRAMS BASED ON A STRONG, LIBERAL ARTS FOUNDATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED HIGHER EDUCATION COLLEGE LEVEL LEARNING OPPORTUNITIES TO APPROXIMATELY 750 STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Thomas Moore Dean Of Physician Assistant Program | 40 | $139,509 | |
Eric Shor VP For Enrollment Management | 40 | $100,077 | |
Andrea J Bucklew VP Education & Provost | 40 | $96,912 | |
Rebecca Hooman Chair Of The Board | OfficerTrustee | 1 | $0 |
John Ebert Treasurer | OfficerTrustee | 1 | $0 |
Valarie Woodruff Vice-Chair | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Sodexo Operations Food Service | 6/29/22 | $1,300,214 |
The Registry Placement Service | 6/29/22 | $256,100 |
Liaison International Enrollment Management | 6/29/22 | $100,167 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,670,629 |
| All other contributions, gifts, grants, and similar amounts not included above | $451,935 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,122,564 |
| Total Program Service Revenue | $28,315,776 |
| Investment income | $58,817 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $31,250 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $57,810 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $31,586,217 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $12,920,988 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $348,104 |
| Compensation of current officers, directors, key employees. | $348,104 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $7,830,792 |
| Pension plan accruals and contributions | $229,701 |
| Other employee benefits | $1,175,739 |
| Payroll taxes | $625,686 |
| Fees for services: Management | $350,369 |
| Fees for services: Legal | $166,608 |
| Fees for services: Accounting | $131,572 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $717,962 |
| Advertising and promotion | $39,242 |
| Office expenses | $1,464,538 |
| Information technology | $244,507 |
| Royalties | $0 |
| Occupancy | $2,351,666 |
| Travel | $467,410 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $465,226 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,808,333 |
| Insurance | $526,821 |
| All other expenses | $3,339,771 |
| Total functional expenses | $36,952,937 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,312,993 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $949,606 |
| Accounts receivable, net | $2,404,399 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $195,908 |
| Prepaid expenses and deferred charges | $210,415 |
| Net Land, buildings, and equipment | $43,567,841 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $5,285,657 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,518,794 |
| Total assets | $55,445,613 |
| Accounts payable and accrued expenses | $4,256,957 |
| Grants payable | $0 |
| Deferred revenue | $1,474,567 |
| 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 | $3,337,085 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $30,339,587 |
| Total liabilities | $39,408,196 |
| Net assets without donor restrictions | $8,193,925 |
| Net assets with donor restrictions | $7,843,492 |
| 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 | $55,445,613 |