Ave Maria University Inc

Organization Overview

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 06/2021, Ave Maria University Inc employed 947 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 06/2021, Ave Maria University Inc generated $61.7m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 5.9% each year. All expenses for the organization totaled $54.9m during the year ending 06/2021. While expenses have increased by 2.3% 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 990 Filing

TAX YEAR

2021

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. 1,184 STUDENTS WERE SEEKING DEGREES AT AMU DURING THE FALL 2020-2021 SCHOOL YEAR.


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Board, Officers & Key Employees

Name (title)Compensation
H James Towey
Former Amu President
$378,674
Christopher P Ice
Trustee/amu President (thru July '21)
$376,043
Roger Nutt
VP Academic Affairs
$213,624
Ratchapol Dejthai
VP It/cio
$193,362
Eugene Munin
VP Finance/cfo
$190,372
Brent Johnson
VP Enrollment
$184,168

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Vernon Litigation
Legal And Litigation Services
$225,000
Cthx Services Llc
Heating And Cooling Services
$122,706
Hill Barth & King Llc
Audit, Tax, And Consulting Services
$106,500
Fuzati Llc
Marketing And Advertising
$102,000
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$306,146
Related organizations$0
Government grants $2,700,197
All other contributions, gifts, grants, and similar amounts not included above$20,975,722
Noncash contributions included in lines 1a–1f $1,475,588
Total Revenue from Contributions, Gifts, Grants & Similar$23,982,065
Total Program Service Revenue$37,515,816
Investment income $287,507
Tax Exempt Bond Proceeds $0
Royalties $6,156
Net Rental Income $201,181
Net Gain/Loss on Asset Sales -$836,214
Net Income from Fundraising Events -$100,228
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $85,405
Miscellaneous Revenue$0
Total Revenue $61,745,167

Grants Recieved

Over the last fiscal year, we have identified 3 grants that Ave Maria University Inc has recieved totaling $33,815.

Awarding OrganizationAmount
Anonymous Trust

Raleigh, NC

PURPOSE: SCHOLARSHIP FOR CLARISA HERNANDEZ VENTURA

$26,815
George E & Kathleen E Austin Foundation

Bronxville, NY

PURPOSE: TO FURTHER DONEE'S EXEMPT PURPOSES

$5,000
Tronvold Foundation

Lakewood Ranch, FL

PURPOSE: UNRESTRICTED

$2,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$6,523,539
Earnings$1,624,359
Net Contributions$697,683
Other Expense$183,209
Ending Balance$8,662,372

Peer Organizations

Organization NameAssets
Lynn University Inc
Boca Raton, FL
$119,511,324
Georgia Tech Athletic Association
Atlanta, GA
$79,492,257
Life University Inc
Marietta, GA
$85,437,129
Agnes Scott College
Decatur, GA
$76,705,901
Brenau University Inc
Gainesville, GA
$73,682,721
St Thomas University Inc
Miami, FL
$75,829,277
Ave Maria University Inc
Ave Maria, FL
$61,745,167
University Of Mobile Inc
Mobile, AL
$44,907,754
Spring Hill College
Mobile, AL
$36,801,063
Thomas University Inc
Thomasville, GA
$20,548,175
Webber International University Inc
Babson Park, FL
$19,317,100
Emory University
Decatur, GA
$19,416,810

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