Anderson University Inc
- Assets
- $123.6m
- Revenue
- $62.9m
- Investments
- $4.8m
- Employees
- 1,124
- Location
- Anderson, IN
- Founding
- 09/1926
- Data as of
- 05/2023
- EIN
- 35-0867954
Organization Overview
Anderson University Inc, operating under the name Anderson University, is located in Anderson, IN. The organization was established in 1926. According to its NTEE Classification (B42) the organization is classified as: Undergraduate Colleges, under the broad grouping of Education and related organizations. As of 05/2023, Anderson University employed 1,124 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Anderson 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 05/2023, Anderson University generated $62.9m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (0.7%) each year. All expenses for the organization totaled $64.0m during the year ending 05/2023. As we would expect to see with falling revenues, expenses have declined by (0.8%) per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO EDUCATE PERSONS FOR A LIFE OF FAITH AND SERVICE IN THE CHURCH AND SOCIETY
Describe the Organization's Program Activity:
Part 3 - Line 4a
HIGHER EDUCATION: GENERAL EDUCATIONAL ACTIVITIES SERVING 1,290 STUDENTS DURING THE 2022-23 SCHOOL YEAR. AU STUDENTS BENEFIT FROM THE EXPERTISE OF 94 FULL-TIME AND 81 PART-TIME FACULTY MEMBERS. ANDERSON UNIVERSITY CONTINUES TO BE RECOGNIZED AS ONE OF AMERICA'S TOP COLLEGES BY US NEWS & WORLD REPORT AND COLLEGES OF DISTINCTION. THREE OF THE UNIVERSITY'S PROGRAMS RECEIVED "BADGES OF DISTINCTION": BUSINESS, EDUCATION, AND NURSING. THE UNIVERSITY HAS LONG HAD A STRONG UNDERGRADUATE LIBERAL ARTS CURRICULUM. THE UNIVERSITY'S MBA, MASTER'S IN CHRISTIAN MINISTRY, AND MASTER OF DIVINITY PROGRAMS ARE ALSO OFFERED THROUGH ONLINE/HYBRID CLASSES WITH THE MBA OFFERED FACE-TO-FACE IN SEVERAL LOCATIONS AROUND INDIANAPOLIS.
HIGHER EDUCATION: AUXILIARY ENTERPRISE PRIMARILY INVOLVING RESIDENCE HALLS, FOOD SERVICES, STUDENT HEALTH SERVICES, MAIL CENTER, AND BOOKSTORE ACTIVITIES SUPPORTING THE EDUCATIONAL PROGRAM. WE BELIEVE THAT ON-CAMPUS LIVING IS AN INTEGRAL PART OF THE COLLEGE EXPERIENCE. IN OUR RESIDENCE HALLS, WE ARE COMMITTED TO OFFERING NOT ONLY A SAFE AND COMFORTABLE PLACE TO LIVE, BUT ALSO AN ENVIRONMENT THAT PROMISES TO BOTH CHALLENGE AND SUPPORT OUR STUDENTS AS THEY GROW PHYSICALLY, ACADEMICALLY, SOCIALLY, AND SPIRITUALLY. ANDERSON UNIVERSITY FOOD SERVICES PROVIDES FRIENDLY SERVICE AND GREAT VARIETY IN FOUR DIFFERENT LOCATIONS ACROSS CAMPUS: THE MARKETPLACE, RAVEN'S HAVEN, CREATE, AND MOCHA JOE'S. STUDENT HEALTH SERVICES PROVIDES MEDICAL ASSISTANCE TO STUDENTS AND IS OPERATED BY COMMUNITY HEALTH NETWORK.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Acting Chair | OfficerTrustee | 1 | $0 |
Name Not Listed President | OfficerTrustee | 35 | $204,564 |
Name Not Listed Trustee | Trustee | 1 | $0 |
Name Not Listed Trustee | Trustee | 1 | $0 |
Name Not Listed Trustee | Trustee | 1 | $0 |
Name Not Listed Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Chartwells Dining Services Food Service Management | 5/30/23 | $2,811,747 |
Hes Facilities Management Custodial Services | 5/30/23 | $2,431,905 |
Fredericks Inc Contractor Services | 5/30/23 | $1,134,794 |
Core Education Pbc Enrollment Services | 5/30/23 | $330,000 |
Oracle America Computer Technology | 5/30/23 | $200,303 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $7,208,426 |
| All other contributions, gifts, grants, and similar amounts not included above | $7,585,127 |
| Noncash contributions included in lines 1a–1f | $113,028 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $14,793,553 |
| Total Program Service Revenue | $45,906,295 |
| Investment income | $783,332 |
| Tax Exempt Bond Proceeds | $21,125 |
| Royalties | $0 |
| Net Rental Income | -$237,702 |
| Net Gain/Loss on Asset Sales | $1,252,958 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $62,889,443 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $21,752,199 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $976,943 |
| Compensation of current officers, directors, key employees. | $854,995 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $15,707,751 |
| Pension plan accruals and contributions | $114,726 |
| Other employee benefits | $3,270,756 |
| Payroll taxes | $1,072,337 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $149,535 |
| Fees for services: Accounting | $73,540 |
| Fees for services: Lobbying | $1,463 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $71,685 |
| Fees for services: Other | $2,073,760 |
| Advertising and promotion | $538,008 |
| Office expenses | $929,925 |
| Information technology | $1,201,958 |
| Royalties | $0 |
| Occupancy | $2,199,713 |
| Travel | $1,054,002 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $374,009 |
| Interest | $2,212,917 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,721,981 |
| Insurance | $230,951 |
| All other expenses | $3,959,157 |
| Total functional expenses | $63,953,678 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $33,875 |
| Savings and temporary cash investments | $11,729,983 |
| Pledges and grants receivable | $6,062,529 |
| Accounts receivable, net | $3,376,384 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $884,234 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $265,573 |
| Net Land, buildings, and equipment | $56,567,052 |
| Investments—publicly traded securities | $34,057,621 |
| Investments—other securities | $4,756,671 |
| Investments—program-related | $1,851,142 |
| Intangible assets | $0 |
| Other assets | $4,040,380 |
| Total assets | $123,625,444 |
| Accounts payable and accrued expenses | $4,787,527 |
| Grants payable | $0 |
| Deferred revenue | $2,642,651 |
| Tax-exempt bond liabilities | $32,529,692 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $7,498,718 |
| Unsecured mortgages and notes payable | $72,691 |
| Other liabilities | $3,590,890 |
| Total liabilities | $51,122,169 |
| Net assets without donor restrictions | $30,733,200 |
| Net assets with donor restrictions | $41,770,075 |
| 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 | $123,625,444 |