Virginia University Of Lynchburg Inc

Organization Overview

Virginia University Of Lynchburg Inc is located in Lynchburg, VA. The organization was established in 1946. 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, Virginia University Of Lynchburg Inc employed 104 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Virginia University Of Lynchburg 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, Virginia University Of Lynchburg Inc generated $11.1m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 14.3% each year . All expenses for the organization totaled $7.5m during the year ending 06/2022. While expenses have increased by 8.3% per year over the past 6 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

TO PROVIDE A SOLID LIBERAL ARTS AND CHRISTIAN EDUCATION PROGRAM TO ALL STUDENTS

Describe the Organization's Program Activity:

Part 3 - Line 4a

INSTITUTION IS A HBCU LIBERAL ARTS UNIVERSITY OFFERING UNDERGRADUATE AND GRADUATE DEGREES IN VARIOUS MAJORS


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Board, Officers & Key Employees

Name (title)Compensation
K Franklin
President
$162,240
L Owens
Chair
$0
C Webb
Vice Chair
$0
W Wilson
Treasurer
$0
C Whitfield
Trustee
$0
L Maxwell Jr
Trustee
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $2,493,042
All other contributions, gifts, grants, and similar amounts not included above$403,058
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$2,896,100
Total Program Service Revenue$7,366,410
Investment income $26,696
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $755,991
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $11,059,992

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