Palm Beach Atlantic University Inc

Organization Overview

Palm Beach Atlantic University Inc is located in West Palm Beach, FL. The organization was established in 1970. 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, Palm Beach Atlantic University Inc employed 1,325 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Palm Beach Atlantic 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 06/2021, Palm Beach Atlantic University Inc generated $119.2m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 1.6% each year. All expenses for the organization totaled $118.8m during the year ending 06/2021. While expenses have increased by 2.0% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990T Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

PBA IS A PRIVATE CHRISTIAN UNIVERSITY OFFERING UNDERGRADUATE, GRADUATE & PROFESSIONAL PROGRAMS.

Describe the Organization's Program Activity:

PALM BEACH ATLANTIC UNIVERSITY PROVIDES HIGHER EDUCATION TO APPROXIMATELY 4,133 FULL AND PART-TIME STUDENTS IN 55 UNDERGRADUATE, 9 GRADUATE, AND 3 PROFESSIONAL DEGREE PROGRAMS. CONTINUING EDUCATION, STUDENT HOUSING, A DINING HALL, A BOOKSTORE, AND OTHER AUXILIARY SERVICES ARE PROVIDED FOR THE STUDENTS CONVENIENCE. FINANCIAL AID IS PROVIDED TO APPROXIMATELY 3,162 STUDENTS.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Millenia Lakes Owner I Lp
Rent
$251,635
Love 900 Llc
Rent
$185,411
Timelymd
Telehealth Provider
$138,960
Shutts & Bowen Llp
Legal
$131,708
Templeton & Company Llp
Accounting
$191,339
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$24,250
Related organizations$0
Government grants $9,513,628
All other contributions, gifts, grants, and similar amounts not included above$9,092,050
Noncash contributions included in lines 1a–1f $2,189,378
Total Revenue from Contributions, Gifts, Grants & Similar$18,629,928
Total Program Service Revenue$99,385,955
Investment income $95,749
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $90,081
Net Gain/Loss on Asset Sales $1,009,861
Net Income from Fundraising Events $2,010
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $119,213,584

Grants Recieved

Over the last fiscal year, we have identified 3 grants that Palm Beach Atlantic University Inc has recieved totaling $1,820,359.

Awarding OrganizationAmount
Marshall And Vera Lea Rinker Foundation Inc

West Palm Beach, FL

PURPOSE: CAPITAL CAMPAIGN - BUSINESS SCHOOL BUILDING

$1,800,359
Marshall And Vera Lea Rinker Foundation Inc

West Palm Beach, FL

PURPOSE: ENDOWMENT FUND - BUSINESS SCHOOL BUILDING

$10,000
Palm Beach Gardens Police And Fire Rescue Foundation Inc

Palm Beach Gardens, FL

PURPOSE: SCHOLARSHIP

$10,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$85,378,000
Earnings$14,269,000
Admin Expense$38,749
Net Contributions$2,732,000
Other Expense$352,251
Grants$4,238,000
Ending Balance$97,750,000

Peer Organizations

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Fort Lauderdale, FL
$647,335,916
Rollins College
Winter Park, FL
$217,797,924
Berry College Inc
Mount Berry, GA
$178,933,031
Florida Southern College
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$143,874,205
Southeastern University Inc
Lakeland, FL
$143,033,375
Eckerd College
St Petersburg, FL
$127,879,721
Palm Beach Atlantic University Inc
West Palm Beach, FL
$119,213,584
Spelman College
Atlanta, GA
$182,970,731
Ringling College Of Art And Design Inc
Sarasota, FL
$119,229,866
Morehouse College
Atlanta, GA
$206,029,432
Bethune-Cookman University
Daytona Beach, FL
$117,726,569
Birmingham-Southern College
Birmingham, AL
$42,694,906

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