Ave Maria University Inc is located in Ave Maria, FL. The organization was established in 2003. According to its NTEE Classification (B43) the organization is classified as: Universities, under the broad grouping of Education and related organizations. As of 06/2022, Ave Maria University Inc employed 848 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ave Maria 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, Ave Maria University Inc generated $75.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.1% each year. All expenses for the organization totaled $66.5m during the year ending 06/2022. While expenses have increased by 4.8% 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
UNIVERSITY EDUCATION GROUNDED IN THE TRADITIONS AND FAITH OF THE ROMAN CATHOLIC CHURCH
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATING A UNIVERSITY DEDICATED TO INSTRUCTING AND TRAINING INDIVIDUALS TOWARDS A BACCALAUREATE, MASTERS OR DOCTORATE DEGREE. 1,243 STUDENTS WERE SEEKING DEGREES AT AMU DURING THE FALL 2021-2022 SCHOOL YEAR.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Anne Hendershott Trustee | Trustee | 2 | $0 |
Anthony D'agostino Trustee | Trustee | 2 | $0 |
Barbara B Henkels Trustee Emeritus | Trustee | 2 | $0 |
Bernadette Luca Trustee | Trustee | 2 | $0 |
Bishop Frank J Dewane Trustee, Ex Officio | Trustee | 2 | $0 |
Christopher G Fahey Trustee | Trustee | 2 | $0 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Coleman Yovanovich & Koester Pa Legal And Litigation Services | 6/29/22 | $162,953 |
L'etolle Development Services Llc Nonprofit Consulting | 6/29/22 | $155,505 |
Gary M Nemeth Civil Engineering Services | 6/29/22 | $100,556 |
Hill Barth & King Llc Audit, Tax, And Consulting Services | 6/29/22 | $149,000 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $146,257 |
Related organizations | $6,595,784 |
Government grants | $2,344,439 |
All other contributions, gifts, grants, and similar amounts not included above | $21,696,624 |
Noncash contributions included in lines 1a–1f | $1,828,165 |
Total Revenue from Contributions, Gifts, Grants & Similar | $30,783,104 |
Total Program Service Revenue | $46,136,077 |
Investment income | $483,238 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $53,376 |
Net Rental Income | $319,745 |
Net Gain/Loss on Asset Sales | -$1,739,701 |
Net Income from Fundraising Events | $1,609 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $151,540 |
Miscellaneous Revenue | $0 |
Total Revenue | $75,533,917 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $0 |
Grants and other assistance to domestic individuals. | $20,358,224 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $2,341,962 |
Compensation of current officers, directors, key employees. | $317,654 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $14,081,006 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $1,793,602 |
Payroll taxes | $1,264,416 |
Fees for services: Management | $0 |
Fees for services: Legal | $690,641 |
Fees for services: Accounting | $153,584 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $627,627 |
Advertising and promotion | $318,433 |
Office expenses | $1,821,959 |
Information technology | $918,401 |
Royalties | $0 |
Occupancy | $4,446,350 |
Travel | $654,041 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $130,698 |
Interest | $3,293,593 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $5,322,685 |
Insurance | $947,411 |
All other expenses | $1,475,382 |
Total functional expenses | $66,537,880 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $22,689,902 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $581,050 |
Accounts receivable, net | $1,469,145 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $324,977 |
Inventories for sale or use | $87,520 |
Prepaid expenses and deferred charges | $277,898 |
Net Land, buildings, and equipment | $178,937,616 |
Investments—publicly traded securities | $34,936,419 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $2,704,544 |
Total assets | $242,009,071 |
Accounts payable and accrued expenses | $5,504,222 |
Grants payable | $0 |
Deferred revenue | $0 |
Tax-exempt bond liabilities | $53,830,000 |
Escrow or custodial account liability | $0 |
Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
Secured mortgages and notes payable | $160,715 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $1,045,433 |
Total liabilities | $60,540,370 |
Net assets without donor restrictions | $144,339,066 |
Net assets with donor restrictions | $37,129,635 |
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 | $242,009,071 |