Amberton University
- Assets
- $60.4m
- Revenue
- $9.2m
- Investments
- $0.0
- Employees
- 96
- Location
- Garland, TX
- Founding
- 05/1982
- Data as of
- 05/2022
- EIN
- 75-1786007
Organization Overview
Amberton University is located in Garland, TX. The organization was established in 1982. According to its NTEE Classification (B43) the organization is classified as: Universities, under the broad grouping of Education and related organizations. As of 05/2022, Amberton University employed 96 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Amberton University 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 05/2022, Amberton University generated $9.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.3% each year. All expenses for the organization totaled $6.7m during the year ending 05/2022. While expenses have increased by 2.4% per year over the past 7 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
AMBERTON UNIVERSITY PROVIDES EDUCATIONAL OPPORTUNITIES TO APPROXIMATELY 1000 ADULT STUDENTS EACH SESSION. COURSE OF STUDIES CAN LEAD TO BACHELOR AND/OR MASTER DEGREES. THE UNIVERSITY IS NATIONALLY ACCREDITED.
Describe the Organization's Program Activity:
Part 3 - Line 4a
AMBERTON UNIVERSITY PROVIDES EDUCATIONAL OPPORTUNITIES TO APPROXIMATELY 1000 ADULT STUDENTS EACH SESSION. COURSE OF STUDIES CAN LEAD TO BACHELOR AND/OR MASTER DEGREES. THE UNIVERSITY IS NATIONALLY ACCREDITED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Melinda Reagan President | Officer | 40 | $200,000 |
Brent Bradshaw Vice President For Administrative Services | Officer | 40 | $149,450 |
Jo Lynn Loyd Vice President For Strategic Services | Officer | 40 | $145,400 |
Blair Stephenson Academic Dean | Officer | 40 | $101,500 |
Wendell Stewart Trustee | 0 | $0 | |
Richard Christian Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $90,220 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $90,220 |
| Total Program Service Revenue | $5,779,947 |
| Investment income | $3,303,014 |
| 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 | $9,173,181 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $565,000 |
| Compensation of current officers, directors, key employees. | $429,400 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,241,670 |
| Pension plan accruals and contributions | $178,278 |
| Other employee benefits | $489,709 |
| Payroll taxes | $285,684 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $6,222 |
| Fees for services: Accounting | $23,573 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $537,208 |
| Office expenses | $144,744 |
| Information technology | $261,708 |
| Royalties | $0 |
| Occupancy | $510,330 |
| Travel | $16,203 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $61,834 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $100,993 |
| Insurance | $0 |
| All other expenses | $19,860 |
| Total functional expenses | $6,736,306 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,283,894 |
| Savings and temporary cash investments | $1,989,713 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $288,336 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $1,023,245 |
| Investments—publicly traded securities | $55,795,529 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $60,380,717 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,190,684 |
| Total liabilities | $1,190,684 |
| Net assets without donor restrictions | $59,190,033 |
| Net assets with donor restrictions | $0 |
| 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 | $60,380,717 |
Endowment Analysis
| Beg. Balance | $52,643,944 |
| Earnings | -$3,318,632 |
| Ending Balance | $49,325,312 |
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|---|---|---|
Hallmark University Inc San Antonio, TX | $50,738,491 | $19,939,747 |
University Of Central Oklahoma Fdn Edmond, OK | $57,594,022 | $22,644,873 |
College Of Biblical Studies-Houston Houston, TX | $14,076,191 | $8,568,117 |
University Of Central Arkansas Foundation Inc Conway, AR | $76,302,395 | $12,983,167 |
Southern University System Foundation Baton Rouge, LA | $59,341,239 | $13,209,342 |
University Of Science & Arts Of Oklahoma Foundation Inc Chickasha, OK | $18,769,545 | $3,373,213 |
Kings University Southlake, TX | $0 | $6,930,347 |
Amberton University Garland, TX | $60,380,717 | $9,173,181 |
Randall University Inc Moore, OK | $6,608,368 | $7,433,894 |
Stephen F Austin State University Foundation Inc Nacogdoches, TX | $115,560,450 | $21,375,091 |
Texas A&m University-Kingsville Foundation Inc Kingsville, TX | $109,298,613 | $9,889,505 |
Baptist University Of The Americas San Antonio, TX | $13,785,547 | $6,893,983 |