Amridge University Inc
- Assets
- $15.9m
- Revenue
- $8.2m
- Investments
- $196.3k
- Employees
- 80
- Location
- Montgomery, AL
- Founding
- 07/1969
- Data as of
- 06/2022
- 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 06/2022, Amridge University Inc employed 80 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 06/2022, Amridge University Inc generated $8.2m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.5%) each year. All expenses for the organization totaled $8.1m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (0.5%) per year over the past 7 years. 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
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 |
|---|---|---|---|
Michael C Turner Ex-Officio Member | Trustee | 36 | $315,000 |
Barbara Turner Bursar | Officer | 36 | $218,664 |
Laina Costanza Board Member | Trustee | 36 | $147,991 |
Anita Crosby Controller | 36 | $138,056 | |
Lee Taylor Vice President Of Academic | 36 | $127,151 | |
Jack S Temple System Administrator For N | 36 | $121,787 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $30,532 |
| All other contributions, gifts, grants, and similar amounts not included above | $75,662 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $106,194 |
| Total Program Service Revenue | $8,062,228 |
| Investment income | $2,911 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $57,796 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,229,129 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $816,078 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $748,724 |
| Compensation of current officers, directors, key employees. | $748,724 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,591,894 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $422,112 |
| Payroll taxes | $298,608 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $17,400 |
| 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 | $20,911 |
| Advertising and promotion | $798,920 |
| Office expenses | $73,119 |
| Information technology | $153,611 |
| Royalties | $0 |
| Occupancy | $170,256 |
| Travel | $4,370 |
| 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 | $176,711 |
| Insurance | $69,041 |
| All other expenses | $114,349 |
| Total functional expenses | $8,072,392 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,546,921 |
| Savings and temporary cash investments | $22,913 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $199,425 |
| 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 | $119,013 |
| Net Land, buildings, and equipment | $11,661,011 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $196,320 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $194,288 |
| Total assets | $15,939,891 |
| Accounts payable and accrued expenses | $117,370 |
| Grants payable | $0 |
| Deferred revenue | $831,476 |
| 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 | $948,846 |
| Net assets without donor restrictions | $14,495,619 |
| Net assets with donor restrictions | $495,426 |
| 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 | $15,939,891 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Amridge University Inc has recieved totaling $3,000.
| Awarding Organization | Amount |
|---|---|
Mahoney Family Foundation Inc Bentonville, AR PURPOSE: STUDENT SCHOLARSHIP | $3,000 |
Endowment Analysis
| Beg. Balance | $511,149 |
| Earnings | -$15,723 |
| Ending Balance | $495,426 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
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 |
Crown College Powell, TN | $16,563,165 | $8,650,181 |
Amridge University Inc Montgomery, AL | $15,939,891 | $8,229,129 |
Austin Peay State University Foundation Clarksville, TN | $60,731,234 | $13,661,420 |
University Of Tennessee Research Foundation Knoxville, TN | $82,756,683 | $8,787,700 |
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 |