Fairfax University Of America
- Assets
- $12.2m
- Revenue
- $8.3m
- Investments
- $0.0
- Employees
- 89
- Location
- Fairfax, VA
- Founding
- 03/2000
- Data as of
- 12/2021
- EIN
- 54-1954969
Organization Overview
Fairfax University Of America is located in Fairfax, VA. The organization was established in 2000. According to its NTEE Classification (B42) the organization is classified as: Undergraduate Colleges, under the broad grouping of Education and related organizations. As of 12/2021, Fairfax University Of America employed 89 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fairfax University Of America 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 12/2021, Fairfax University Of America generated $8.3m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (12.1%) each year. All expenses for the organization totaled $7.6m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (6.4%) per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
EDUCATE STUDENTS FROM ALL OVER THE WORLD THRU A HIGHLY QUALIFIED, EQUALLY DIVERSE FACULTY & STAFF.
Describe the Organization's Program Activity:
Part 3 - Line 4a
INSTRUCTION - THE UNIVERSITY OFFERS ITS STUDENTS ACCREDITED GRADUATE AND UNDERGRADUATE LEVEL PROGRAMS IN COMPUTER SCIENCE, BUSINESS, AND MANAGEMENT, AS WELL AS FULL AND PART-TIME CERTIFICATES IN A VARIETY OF PROFESSIONAL AND TECHNICAL FIELDS, INCLUDING ENGLISH AS A SECOND LANGUAGE (ESL).
ACADEMIC SUPPORT - ACADEMIC SUPPORT PROMOTES AND FOSTERS ACADEMIC EXCELLENCE AT CERTIFICATE, UNDERGRADUATE AND GRADUATE LEVEL AT FXU. THE ACADEMIC AFFAIRS OFFICE STRIVES TO PROVIDE THE BEST EDUCATION RESOURCES TO INSTRUCTORS TO FURTHER ENHANCE STUDENTS' KNOWLEDGE AS WELL AS OVERSEE OPERATIONS OF ALL ACADEMIC SCHOOLS.
STUDENT SERVICES - STUDENT SERVICES IS RESPONSIBLE FOR ASSISTING STUDENTS WITH FXU HOUSING, INSURANCE OPTIONS AND STUDENT ID CARDS. STUDENT SERVICES ALSO OVERSEES THE STUDENT CLUBS, STUDENT UNION, THE LEADERSHIP AND MENTORSHIP PROGRAM, DIVERSITY LUNCHEONS, AND EVENTS/ACTIVITIES FOR THE STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Isa Sarac Former President | 0 | $733,333 | |
Hassan Hassan Researcher | 40 | $158,750 | |
Azeem Ibrahim Researcher | 40 | $146,863 | |
Kamran Bokhari Dir, Governance In Muslin Major | 40 | $145,000 | |
Faysal Itani Director, Human Security | 40 | $133,751 | |
Anas Hasan Executive Dean Of Academic | Officer | 40 | $125,000 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Chap Petersen & Associates Pllc Professional Services | 12/30/20 | $174,173 |
Kaizen Human Capital Professional Services | 12/30/20 | $127,575 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,795,822 |
| All other contributions, gifts, grants, and similar amounts not included above | $6,000,005 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,795,827 |
| Total Program Service Revenue | $390,858 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $60,600 |
| Net Gain/Loss on Asset Sales | $14,747 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,266,608 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $15,992 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $246,497 |
| Compensation of current officers, directors, key employees. | $126,911 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,228,835 |
| Pension plan accruals and contributions | $7,862 |
| Other employee benefits | $263,580 |
| Payroll taxes | $316,946 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $34,074 |
| Fees for services: Accounting | $102,109 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,647,037 |
| Advertising and promotion | $93,512 |
| Office expenses | $144,706 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $15,608 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,614 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $331,380 |
| Insurance | $0 |
| All other expenses | $126,878 |
| Total functional expenses | $7,552,073 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $811,330 |
| Savings and temporary cash investments | $50,218 |
| Pledges and grants receivable | $126,230 |
| Accounts receivable, net | $8,103 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $88,752 |
| Inventories for sale or use | $2,627 |
| Prepaid expenses and deferred charges | $251,274 |
| Net Land, buildings, and equipment | $10,787,545 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $25,781 |
| Total assets | $12,151,860 |
| Accounts payable and accrued expenses | $793,493 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $15,333 |
| Total liabilities | $808,826 |
| Net assets without donor restrictions | $11,333,034 |
| Net assets with donor restrictions | $10,000 |
| 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 | $12,151,860 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Fairfax University Of America has recieved totaling $5.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $5 |
Endowment Analysis
| Beg. Balance | $10,000 |
| Ending Balance | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Caney Creek Community Center Pippa Passes, KY | $136,427,755 | $30,649,937 |
University Of Mary Washington Foundation Fredericksburg, VA | $186,636,934 | $19,915,035 |
Lemoyne Owen College Memphis, TN | $53,577,456 | $23,441,931 |
Patrick Henry College Purcellville, VA | $42,398,323 | $19,179,268 |
Bennett College Greensboro, NC | $45,162,174 | $40,377,386 |
Capitol Technology University Laurel, MD | $27,498,251 | $16,836,672 |
Welch College Gallatin, TN | $41,634,056 | $11,542,139 |
Fairfax University Of America Fairfax, VA | $12,151,860 | $8,266,608 |
Appalachian Bible College Inc Mount Hope, WV | $12,108,956 | $7,758,516 |
American Baptist Theological Seminary Nashville, TN | $11,177,466 | $7,876,217 |
Council For Christian Colleges And Universities Washington, DC | $16,773,733 | $7,764,046 |
Mid-Atlantic Christian University Inc Elizabeth City, NC | $5,620,599 | $7,848,028 |