Andrews Academy
- Assets
- $217.8m
- Revenue
- $91.5m
- Investments
- $74.2m
- Employees
- 2,411
- Location
- Berrien Springs, MI
- Founding
- 04/1947
- Data as of
- 04/2022
- EIN
- 38-1627600
Organization Overview
Andrews Academy is located in Berrien Springs, MI. The organization was established in 1947. According to its NTEE Classification (B43) the organization is classified as: Universities, under the broad grouping of Education and related organizations. As of 04/2022, Andrews Academy employed 2,411 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Andrews Academy 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 04/2022, Andrews Academy generated $91.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.2% each year. All expenses for the organization totaled $85.4m during the year ending 04/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
EDUCATION
Describe the Organization's Program Activity:
EDUCATION
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Andrea Luxton President, Andrews University | Officer | 40 | $155,464 |
Jay Johnson Professor Of Engineering Au | 40 | $142,273 | |
Glenn A Meekma Jr VP Finance, Andrews University | Officer | 40 | $110,273 |
Frances Faehner Vice President, Student Life, Andrews University | Officer | 40 | $94,135 |
Christon Arthur Provost, Andrews University | Officer | 40 | $93,294 |
Tony Yang VP Strategy Marketing & Enrollment Cco | Officer | 40 | $91,585 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Tremco Tuckpointing | 4/29/20 | $132,855 |
Pan De Vida International Tour Direction | 4/29/20 | $183,300 |
Bon Appetit Food Service Management | 4/29/20 | $2,045,561 |
Ebsco Information Services Library Subscription Services | 4/29/20 | $290,777 |
Mcls Midwest Collaborative For Library Svc Library Retrieval Services | 4/29/20 | $388,582 |
Pan De Vida International Tour Direction | 4/29/20 | $183,300 |
View All Vendors
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $13,322,358 |
| Government grants | $3,079,514 |
| All other contributions, gifts, grants, and similar amounts not included above | $8,928,864 |
| Noncash contributions included in lines 1a–1f | $9,619 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $25,330,736 |
| Total Program Service Revenue | $57,837,175 |
| Investment income | $2,351,184 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $207,721 |
| Net Gain/Loss on Asset Sales | $1,296,355 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $114,086 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $91,457,423 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,023,894 |
| Compensation of current officers, directors, key employees. | $1,023,894 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $31,346,672 |
| Pension plan accruals and contributions | $2,468,167 |
| Other employee benefits | $10,220,922 |
| Payroll taxes | $2,276,329 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $75,678 |
| Fees for services: Accounting | $70,247 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $4,595,938 |
| Advertising and promotion | $671,991 |
| Office expenses | $3,045,900 |
| Information technology | $1,763,942 |
| Royalties | $38,393 |
| Occupancy | $5,064,259 |
| Travel | $1,688,056 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $88,564 |
| Interest | $638,456 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,416,622 |
| Insurance | $760,572 |
| All other expenses | $2,083,789 |
| Total functional expenses | $85,426,550 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,760,431 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $160,922 |
| Accounts receivable, net | $10,591,437 |
| Loans from Officers, Directors, or Controlling Persons | $19,972 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $3,226,568 |
| Inventories for sale or use | $1,886,298 |
| Prepaid expenses and deferred charges | $1,975,861 |
| Net Land, buildings, and equipment | $106,798,666 |
| Investments—publicly traded securities | $11,205,998 |
| Investments—other securities | $74,209,811 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $922,450 |
| Total assets | $217,758,414 |
| Accounts payable and accrued expenses | $12,705,478 |
| Grants payable | $0 |
| Deferred revenue | $1,266,491 |
| Tax-exempt bond liabilities | $10,512,467 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $9,714,469 |
| Unsecured mortgages and notes payable | $1,424,527 |
| Other liabilities | $7,050,003 |
| Total liabilities | $42,673,435 |
| Net assets without donor restrictions | $93,281,463 |
| Net assets with donor restrictions | $81,803,516 |
| 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 | $217,758,414 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Andrews Academy has recieved totaling $45,000.
| Awarding Organization | Amount |
|---|---|
Berrien Community Foundation Inc St Joseph, MI PURPOSE: NATURAL HISTORY MUSEUM, ONE PLACE FELLOWSHIP, SOCIAL INNOVATION PROGRAM | $45,000 |
View Grant Recipient Profile
Endowment Analysis
| Beg. Balance | $65,920,816 |
| Earnings | -$3,281,167 |
| Net Contributions | $2,257,391 |
| Other Expense | $1,570,474 |
| Grants | $1,609,020 |
| Ending Balance | $61,717,546 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
University Of Dayton Dayton, OH | $1,782,604,426 | $747,930,230 |
Marquette University Milwaukee, WI | $1,675,810,000 | $679,500,550 |
Butler University Indianapolis, IN | $771,199,903 | $355,703,084 |
Xavier University Cincinnati, OH | $682,170,280 | $308,233,290 |
The Lutheran University Association Inc Valparaiso, IN | $578,078,702 | $192,641,554 |
University Of Indianapolis Indianapolis, IN | $306,225,107 | $207,052,087 |
Calvin University Grand Rapids, MI | $488,669,511 | $185,893,983 |
John Carroll University University Heights, OH | $596,841,319 | $177,797,670 |
University Of Detroit Mercy Detroit, MI | $289,746,215 | $171,830,708 |
Baldwin Wallace University Berea, OH | $362,531,301 | $151,897,544 |
Ashland University Ashland, OH | $314,084,834 | $179,414,778 |
Capital University Columbus, OH | $268,714,019 | $130,364,593 |