Warner University
- Assets
- $33.1m
- Revenue
- $24.5m
- Investments
- $727.3k
- Employees
- 0
- Location
- Lake Wales, FL
- Founding
- 07/1960
- Data as of
- 06/2015
- EIN
- 59-1275800
Organization Overview
Warner University is located in Lake Wales, FL. The organization was established in 1960. According to its NTEE Classification (B43) the organization is classified as: Universities, under the broad grouping of Education and related organizations. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Warner University is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Limited Data Available: This organization filed their most recent 990 in paper format. This filing methodology limits the information that can be extracted from the filing.Limited Data Available: This organization is one of the few in our database that filed their most recent 990 with the IRS in paper format. This filing methodology limits the information that can be extracted from the filing. This will, however, be changing soon; The IRS now requires all organizations to file their 990s electronically.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,268,800 |
| Investment income | $262,638 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $24,540,389 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $5,468,831 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $310,736 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $7,165,645 |
| Pension plan accruals and contributions | $262,150 |
| Other employee benefits | $1,055,637 |
| Payroll taxes | $507,920 |
| Fees for services: Management | $330,957 |
| Fees for services: Legal | $169 |
| Fees for services: Accounting | $62,569 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $268,232 |
| Advertising and promotion | $393,097 |
| Office expenses | $407,430 |
| Information technology | $231,521 |
| Royalties | $0 |
| Occupancy | $970,164 |
| Travel | $603,874 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $21,643 |
| Interest | $756,127 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $921,700 |
| Insurance | $401,649 |
| All other expenses | $752,012 |
| Total functional expenses | $24,036,182 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $116,212 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $169,417 |
| Accounts receivable, net | $2,997,546 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $339,667 |
| Inventories for sale or use | $276,756 |
| Prepaid expenses and deferred charges | $84,889 |
| Investments—publicly traded securities | $1,584,911 |
| Investments—other securities | $727,306 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $33,055,087 |
| Accounts payable and accrued expenses | $668,139 |
| Grants payable | $0 |
| Deferred revenue | $582,878 |
| 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 | $11,545,870 |
| Unsecured mortgages and notes payable | $1,563,000 |
| Other liabilities | $1,081,248 |
| Total liabilities | $15,441,135 |
| Net assets without donor restrictions | $14,651,658 |
| Net assets with donor restrictions | $2,634,749 |
| Capital stock or trust principal, or current funds | $327,545 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $17,613,952 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Warner University has recieved totaling $79,375.
| Awarding Organization | Amount |
|---|---|
Homer And Annette Thompson Foundation Wilmington, DE PURPOSE: SUMMER AG CAMP & TO PURCHASE A TRACTOR FOR THE LAND LAB | $79,375 |
Peer Organizations
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|---|---|---|
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Spring Hill College Mobile, AL | $150,301,897 | $36,801,063 |
Thomas University Inc Thomasville, GA | $24,383,052 | $20,548,175 |
Webber International University Inc Babson Park, FL | $22,918,487 | $19,317,100 |
Emory University Decatur, GA | $5,794,825 | $19,416,810 |
Troy University Foundation Troy State University, AL | $216,795,680 | $14,891,109 |
Amridge University Inc Montgomery, AL | $15,939,891 | $8,229,129 |
Embry-Riddle Aeronautical University Asia Ltd Daytona Beach, FL | $1,713,804 | $4,110,477 |
University Of St Andrews American Foundation Inc Atlanta, GA | $4,257,429 | $5,837,000 |
University Of Montevallo Foundation Montevallo, AL | $53,571,630 | $6,691,852 |
Emory University Decatur, GA | $5,755,705 | $3,178,189 |
Auburn Alumni Association Inc Auburn, AL | $16,133,039 | $3,237,497 |