Amridge University Inc
- Assets
- $16.6m
- Revenue
- $9.3m
- Investments
- $190.6k
- Employees
- 78
- Location
- Montgomery, AL
- Founding
- 07/1969
- Data as of
- 06/2023
- EIN
- 23-7034324
Organization Overview
Amridge University Inc is located in Montgomery, AL. The organization was established in 1969. According to its NTEE Classification (B43) the organization is classified as: Universities, under the broad grouping of Education and related organizations. As of 06/2023, Amridge University Inc employed 78 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Amridge 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 06/2023, Amridge University Inc generated $9.3m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.2% each year. All expenses for the organization totaled $8.8m during the year ending 06/2023. While expenses have increased by 0.7% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
AMRIDGE UNIVERSITY IS AN INDEPENDENT, COEDUCATIONAL INSTITUTION DEDICATED TO THE SPIRIT OF ITS CHRISTIAN IDEALS AND HERITAGE. AMRIDGE UNIVERSITY'S MISSION IS TO PREPARE MEN AND WOMEN, THROUGH A COMMITMENT TO ACADEMIC EXCELLENCE AND SPIRITUAL VITALITY AT THE UNDERGRADUATE AND GRADUATE LEVELS, FOR A LIFETIME OF LEARNING, LEADERSHIP, AND SERVICE TO THE PROFESSIONS, SOCIETY, CHURCH AND FAMILY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
AMRIDGE UNIVERSITY PROVIDED EDUCATIONAL SERVICES TO APPROXIMATELY 1,000 STUDENTS DURING THE YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jimmie Benson Board Member | Trustee | 1 | $0 |
Laina Costanza Board Member | Trustee | 36 | $151,052 |
David Langhans Board Member | Trustee | 1 | $0 |
Jesse Russell Secretary | Trustee | 1 | $0 |
Donnie G Turner Board Member | Trustee | 1 | $0 |
Michael C Turner Ex-Officio Member | Trustee | 36 | $330,441 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $24,150 |
| All other contributions, gifts, grants, and similar amounts not included above | $81,096 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $105,246 |
| Total Program Service Revenue | $7,682,821 |
| Investment income | $18,667 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$5,719 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $9,349,751 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $783,352 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $767,286 |
| Compensation of current officers, directors, key employees. | $767,286 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,998,767 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $465,358 |
| Payroll taxes | $326,635 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $4,150 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $39,354 |
| Advertising and promotion | $1,012,424 |
| Office expenses | $52,291 |
| Information technology | $194,031 |
| Royalties | $0 |
| Occupancy | $182,419 |
| Travel | $13,390 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $186,465 |
| Insurance | $70,093 |
| All other expenses | $178,399 |
| Total functional expenses | $8,833,818 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,712,025 |
| Savings and temporary cash investments | $22,959 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $241,107 |
| 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 | $144,701 |
| Net Land, buildings, and equipment | $11,509,538 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $190,555 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,739,074 |
| Total assets | $16,559,959 |
| Accounts payable and accrued expenses | $151,214 |
| Grants payable | $0 |
| Deferred revenue | $901,767 |
| 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 | $0 |
| Total liabilities | $1,052,981 |
| Net assets without donor restrictions | $15,021,466 |
| Net assets with donor restrictions | $485,512 |
| 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 | $16,559,959 |