Washington Adventist University Inc
- Assets
- $46.7m
- Revenue
- $30.4m
- Investments
- $0.0
- Employees
- 504
- Location
- Takoma Park, MD
- Founding
- 06/1942
- Data as of
- 06/2022
- EIN
- 52-0643528
Organization Overview
Washington Adventist University Inc is located in Takoma Park, MD. The organization was established in 1942. According to its NTEE Classification (B42) the organization is classified as: Undergraduate Colleges, under the broad grouping of Education and related organizations. As of 06/2022, Washington Adventist University Inc employed 504 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Washington Adventist 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, Washington Adventist University Inc generated $30.4m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.6%) each year. All expenses for the organization totaled $42.1m during the year ending 06/2022. 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
WASHINGTON ADVENTIST UNIVERSITY IS A LEARNING COMMUNITY COMMITTED TO THE SEVENTH-DAY ADVENTIST CHRISTIAN VISION OF EXCELLENCE AND SERVICE. THIS COSMOPOLITAN INSTITUTION CHALLENGES STUDENTS TO SEIZE THE OPPORTUNITIES FOR LEARNING IN THE NATION'S CAPITAL IN ORDER TO BECOME MORAL LEADERS IN COMMUNITIES THROUGHOUT THE WORLD. FOUNDED IN 1904, WASHINGTON ADVENTIST UNIVERSITY IS A RESIDENTIAL CHRISTIAN INSTITUTION OFFERING FORMAL INSTRUCTION TO STUDENTS OF ALL BACKGROUNDS, PROVIDING A REGULAR CURRICULUM OF UNDERGRADUATE DEGREES, GRADUATE DEGREES, AND PROFESSIONAL CERTIFICATES IN HEALTH SCIENCES AND LIBERAL ARTS IN A SETTING THAT IS ACADEMICALLY CHALLENGING AND CHRIST CENTERED. IN THE CLASSROOM WAU STUDENTS BENEFIT FROM A LOW STUDENT TO FACULTY RATIO AND HIGHLY QUALIFIED FACULTY COMMITTED TO EVERY STUDENT'S SUCCESS. WAU CONFERRED 12 ASSOCIATES, 166 BACHELORS, AND 47 MASTERS DEGREES ON 225 STUDENTS, FROM AN ENROLLMENT OF 785 STUDENTS (UNDUPLICATED HEADCOUNT)DURING THE FISCAL YEAR ENDED JUNE 30,
Describe the Organization's Program Activity:
Part 3 - Line 4a
OUR PRIMARY FUNCTION IS TO PRESENT 4 YEAR LIBERAL ARTS FORMAL INSTRUCTION BY MAINTAINING A REGULAR FACULTY AND CURRICULUM TO A GROUP OF REGULARLY ENROLLED STUDENTS IN ACCREDITED PROGRAMS LEADING TO USEFUL CERTIFICATES, DEGREES AND/OR DIPLOMAS IN AREAS THAT FILL CRITICAL NEEDS IN SOCIETY SUCH AS NURSING, ACCOUNTING AND EDUCATION. OUR STUDENT BODY THIS YEAR CONSISTED OF 690 UNDERGRADUATE AND 95 GRADUATE UNDUPLICATED HEADCOUNT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Weymouth Spence University P | OfficerTrustee | 40 | $185,138 |
Grant Leitma Professor | 40 | $118,756 | |
Grethel Bradford Professor | 40 | $110,565 | |
Patrick Farley Exec VP Of F | Officer | 40 | $110,538 |
Issa Kagabo Professor | 40 | $111,719 | |
Cheryl Kisunzu Secretary & | Officer | 40 | $105,350 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ellucian Inc Computer Svcs | 6/29/22 | $251,091 |
Eab Enrl Mktg Svcs | 6/29/22 | $204,800 |
Aladdin Food Management Services Food Management | 6/29/22 | $214,912 |
Office Care Building Maint | 6/29/22 | $162,210 |
Cline Brandt Kochenower & Co Pa Audit Services | 6/29/22 | $175,668 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $33,100 |
| Related organizations | $5,355,234 |
| Government grants | $5,765,895 |
| All other contributions, gifts, grants, and similar amounts not included above | $904,378 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $12,058,607 |
| Total Program Service Revenue | $17,260,872 |
| Investment income | $465,267 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $56,740 |
| Net Gain/Loss on Asset Sales | $457,216 |
| Net Income from Fundraising Events | $13,788 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $30,377,539 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $8,467,325 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $408,601 |
| Compensation of current officers, directors, key employees. | $273,017 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $10,688,375 |
| Pension plan accruals and contributions | $1,694,467 |
| Other employee benefits | $1,863,440 |
| Payroll taxes | $727,003 |
| Fees for services: Management | $36,618 |
| Fees for services: Legal | $100,472 |
| Fees for services: Accounting | $195,120 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $12,456 |
| Fees for services: Other | $2,939,248 |
| Advertising and promotion | $317,608 |
| Office expenses | $1,086,483 |
| Information technology | $1,557,182 |
| Royalties | $0 |
| Occupancy | $1,531,279 |
| Travel | $131,079 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,875 |
| Interest | $657,749 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,914,666 |
| Insurance | $570,109 |
| All other expenses | $460,028 |
| Total functional expenses | $42,073,313 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,032,593 |
| Savings and temporary cash investments | $931,213 |
| Pledges and grants receivable | $113,902 |
| Accounts receivable, net | $2,637,908 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $10,105,588 |
| Inventories for sale or use | $129,227 |
| Prepaid expenses and deferred charges | $111,161 |
| Net Land, buildings, and equipment | $31,031,979 |
| Investments—publicly traded securities | $398,851 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $171,266 |
| Total assets | $46,663,688 |
| Accounts payable and accrued expenses | $4,788,942 |
| Grants payable | $0 |
| Deferred revenue | $185,790 |
| 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 | $20,498,563 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,033,343 |
| Total liabilities | $26,506,638 |
| Net assets without donor restrictions | $15,172,757 |
| Net assets with donor restrictions | $4,984,293 |
| 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 | $46,663,688 |