American University
- Assets
- $2.3b
- Revenue
- $997.8m
- Investments
- $445.5m
- Employees
- 8,400
- Location
- Washington, DC
- Founding
- 04/1935
- Data as of
- 06/2022
- EIN
- 53-0196549
Organization Overview
American University is located in Washington, DC. The organization was established in 1935. 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, American University employed 8,400 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. American 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 06/2022, American University generated $997.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.5% each year. All expenses for the organization totaled $864.2m during the year ending 06/2022. While expenses have increased by 4.6% per year over the past 7 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.
Since 2015, American University has awarded 230 individual grants totaling $15,874,502. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO ADVANCE KNOWLEDGE, FOSTER INTELLECTUAL CURIOSITY, BUILD COMMUNITY, AND EMPOWER LIVES OF PURPOSE, SERVICE, AND LEADERSHIP.
Describe the Organization's Program Activity:
INSTRUCTION: THE UNIVERSITY'S MISSION IS CARRIED OUT BY ALMOST 915 FULL-TIME TEACHING AND RESEARCH FACULTY IN SIX ACADEMIC DIVISIONS OFFERING 80 BACHELOR'S PROGRAMS, 99 MASTER'S PROGRAMS, 24 DOCTORAL PROGRAMS, J.D., S.J.D, M.L.S. AND L.L.M. PROGRAMS. CERTIFICATE PROGRAMS AND AN ASSOCIATE DEGREE PROGRAM ARE OFFERED AS WELL. STUDENT-FACULTY RATIO = 12:1. AVERAGE CLASS SIZE = 20.7 STUDENTS.
ACADEMIC SUPPORT:GRANTS $0EXPENSES $82,812,232REVENUE $0STUDENT SERVICES:GRANTS $0EXPENSES $59,981,881REVENUE $0INSTITUTIONAL SUPPORT:GRANTS $0EXPENSES $44,305,961REVENUE $0RESEARCH & PUBLIC SERVICES:GRANTS $2,426,157EXPENSES $92,043,851REVENUE $50,287,553TOTAL OTHER PROGRAM SERVICES
SCHOLARSHIPS AND FELLOWSHIPS: AMERICAN UNIVERSITY AWARDS FINANCIAL AID TO STUDENTS BASED ON A COMBINATION OF DEMONSTRATED FINANCIAL NEED, ACADEMIC ACHIEVEMENT, AND THE AVAILABILITY OF FUNDS. ONCE A STUDENT IS ADMITTED, THE FINANCIAL AID OFFICE WILL DETERMINE NEED AND DEVELOP A FINANCIAL AID AWARD THAT INCLUDES FUNDS FROM THE PROGRAMS FOR WHICH THE STUDENT QUALIFIES. TO RECEIVE CONSIDERATION FOR FINANCIAL AID, A STUDENT MUST BE A UNITED STATES CITIZEN OR ELIGIBLE NON-CITIZEN IN A DEGREE PROGRAM.
AUXILIARY ENTERPRISES: UNIVERSITY DORMITORIES, CONSISTING OF ELEVEN RESIDENCE HALLS, PROVIDE LIVING QUARTERS FOR ALMOST 4,260 STUDENTS. ALSO PROVIDED ARE RECREATIONAL FACILITIES, DINING SERVICES, PARKING, AND OTHER SELF-SUPPORTING FACULTY, STAFF, AND STUDENT SERVICES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Marc N Duber Chair | Trustee | 10 | $0 |
Gina F Adams Vice Chair | Trustee | 2 | $0 |
Janice M Abraham Trustee | Trustee | 2 | $0 |
Gary M Abramson Trustee Thru 5/13/22 | Trustee | 2 | $0 |
Michael Balmuth Trustee | Trustee | 2 | $0 |
Gaurdie Banister Jr Trustee | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
2u Inc Online Education | 6/29/22 | $18,084,372 |
Aramark Corporation Management Service | 6/29/22 | $9,162,399 |
The Donohoe Companies Inc Real Estate | 6/29/22 | $6,078,385 |
Compass Group Usa Inc Management Service | 6/29/22 | $19,090,162 |
Nextsource Inc Management Service | 6/29/22 | $4,980,694 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $10,988,820 |
| Fundraising events | $10,736 |
| Related organizations | $0 |
| Government grants | $37,694,218 |
| All other contributions, gifts, grants, and similar amounts not included above | $27,951,550 |
| Noncash contributions included in lines 1a–1f | $9,551,292 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $76,645,324 |
| Total Program Service Revenue | $792,861,976 |
| Investment income | $59,384,536 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $68,920,323 |
| Net Income from Fundraising Events | -$3,716 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $997,808,443 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,061,288 |
| Grants and other assistance to domestic individuals. | $202,402,368 |
| Grants and other assistance to Foreign Orgs/Individuals | $364,869 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $8,797,689 |
| Compensation of current officers, directors, key employees. | $450,512 |
| Compensation to disqualified persons | $1,029,176 |
| Other salaries and wages | $295,911,954 |
| Pension plan accruals and contributions | $19,541,644 |
| Other employee benefits | $25,753,657 |
| Payroll taxes | $19,537,615 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $989,757 |
| Fees for services: Accounting | $677,974 |
| Fees for services: Lobbying | $1,881 |
| Fees for services: Fundraising | $441,438 |
| Fees for services: Investment Management | $11,607,205 |
| Fees for services: Other | $112,074,785 |
| Advertising and promotion | $5,038,038 |
| Office expenses | $13,311,001 |
| Information technology | $12,976,473 |
| Royalties | $0 |
| Occupancy | $36,353,397 |
| Travel | $5,248,567 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $27,581,849 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $43,872,664 |
| Insurance | $12,551,242 |
| All other expenses | $0 |
| Total functional expenses | $864,229,056 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,666 |
| Savings and temporary cash investments | $124,556,166 |
| Pledges and grants receivable | $20,405,967 |
| Accounts receivable, net | $33,405,569 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $26,416 |
| Prepaid expenses and deferred charges | $17,919,532 |
| Net Land, buildings, and equipment | $855,048,293 |
| Investments—publicly traded securities | $807,846,939 |
| Investments—other securities | $445,508,416 |
| Investments—program-related | $5,480,547 |
| Intangible assets | $0 |
| Other assets | $39,489,617 |
| Total assets | $2,349,689,128 |
| Accounts payable and accrued expenses | $68,818,036 |
| Grants payable | $0 |
| Deferred revenue | $37,007,995 |
| 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 | $749,069,192 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $14,751,865 |
| Total liabilities | $869,647,088 |
| Net assets without donor restrictions | $1,180,160,857 |
| Net assets with donor restrictions | $299,881,183 |
| 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 | $2,349,689,128 |
Grants Awarded
Over the last fiscal year, American University has awarded $2,027,180 in support to 35 organizations.
| Grant Recipient | Amount |
|---|---|
BARD COLLEGE PURPOSE: SUB-AWARD | $61,362 |
BOISE STATE UNIVERSITY PURPOSE: SUB-AWARD | $35,208 |
CATHOLIC UNIVERSITY PURPOSE: SUB-AWARD | $41,000 |
DREXEL UNIVERSITY PURPOSE: SUB-AWARD | $48,861 |
DUKE UNIVERSITY PURPOSE: SUB-AWARD | $23,426 |
GEORGE WASHINGTON UNIVERSITY PURPOSE: SUB-AWARD | $46,000 |