Anderson University
- Assets
- $269.9m
- Revenue
- $130.2m
- Investments
- $954.5k
- Employees
- 1,555
- Location
- Anderson, SC
- Founding
- 07/1935
- Data as of
- 05/2022
- EIN
- 57-0324906
Organization Overview
Anderson University is located in Anderson, SC. The organization was established in 1935. According to its NTEE Classification (B42) the organization is classified as: Undergraduate Colleges, under the broad grouping of Education and related organizations. As of 05/2022, Anderson University employed 1,555 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Anderson 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 05/2022, Anderson University generated $130.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.0% each year. All expenses for the organization totaled $123.2m during the year ending 05/2022. While expenses have increased by 8.3% 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.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
ANDERSON UNIVERSITY IS AN ACADEMIC COMMUNITY AFFILIATED WITH THE SC BAPTIST CONVENTION.
Describe the Organization's Program Activity:
THE UNIVERSITY IS A COMPREHENSIVE UNIVERSITY AFFILIATED WITH THE SOUTH CAROLINA BAPTIST CONVENTION OFFERING BACHELORS, MASTERS, AND DOCTORATE DEGREES. LOCATED ON APPROXIMATELY 313 ACRES IN THE UPSTATE REGION OF SOUTH CAROLINA NEAR THE FOOTHILLS OF THE APPALACHIANS, THE UNIVERSITY FEATURES A RIGOROUS EDUCATION IN A SUPPORTIVE CHRISTIAN ATMOSPHERE. THE MAIN SOURCES OF REVENUE ARE TUITION, FEE, AND AUXILIARY ENTERPRISE INCOME AS WELL AS CONTRIBUTIONS FROM THE PUBLIC. (CONTINUED ON SCH O)ACADEMIC PROGRAMTHE ORGANIZATION OFFERS 58 BACCALAUREATE MAJORS, 36 MAJOR-EMBEDDED CONCENTRATIONS, AS WELL AS 48 MINORS AND TWO UNDERGRADUATE CERTIFICATES. THE ORGANIZATION ALSO OFFERS 14 MASTER DEGREES AND 6 GRADUATE CERTIFICATE PROGRAMS IN THE FIELDS OF BUSINESS, CHRISTIAN STUDIES, CRIMINAL JUSTICE, EDUCATION, MUSIC EDUCATION, AND NURSING AND 5 DOCTORAL PROGRAMS: DOCTOR OF MINISTRY, DOCTOR OF NURSING PRACTICE, DOCTOR OF PHYSICAL THERAPY, DOCTOR OF PHILOSOPHY IN LEADERSHIP, AND DOCTOR OF EDUCATION.HIGHLIGHTS OF THE 2021-2022 FISCAL YEARU.S. NEWS & WORLD REPORT BEST COLLEGES 2022 RANKS THE UNIVERSITY IN FOUR CATEGORIES. THE UNIVERSITY RANKS #44 AMONG REGIONAL UNIVERSITIES IN THE SOUTH, AND WAS NAMED TO THE PUBLICATION'S "BEST UNDERGRADUATE TEACHING" (#15) AND "BEST VALUE" (#29) LISTS FOR 2022, ALONG WITH BEING NOTED FOR EXCELLENCE IN A STUDENT'S "FIRST YEAR EXPERIENCE." THE UNIVERSITY IS RANKED #26 IN THE COUNTRY AMONG ALL UNIVERSITIES (PUBLIC AND PRIVATE) FOR STUDENT ENGAGEMENT BY THE WALL STREET JOURNAL/TIMES HIGHER EDUCATION. THE UNIVERSITY WAS NAMED TO THE HONOR ROLL OF THE PRESTIGIOUS GREAT COLLEGES TO WORK FOR PROGRAM. IT IS ONE OF JUST TWO UNIVERSITIES IN SOUTH CAROLINA NAMED TO THAT LIST--AND WAS NAMED THE #5 TOP WORKPLACE AMONG LARGE COMPANIES THROUGHOUT SOUTH CAROLINA BY THE GREENVILLE BUSINESS MAGAZINE. THE UNIVERSITY HOME TO ONE OF THE BEST COLLEGE WORKPLACES IN THE NATION FOR THE SECOND CONSECUTIVE YEAR, THE UNIVERSITY IS AMONG THE HIGHEST-ACHIEVING INSTITUTIONS OF HIGHER LEARNING IN THE UNITED STATES IN TERMS OF EMPLOYEE SATISFACTION. THE UNIVERSITY WAS AGAIN NAMED A GREAT COLLEGES TO WORK FOR. THE UNIVERSITY IS ONE OF ONLY 42 INSTITUTIONS IN THE UNITED STATES NAMED TO THE PROGRAM'S PRESTIGIOUS HONOR ROLL FOR 2021. WALL STREET JOURNAL: THE UNIVERSITY RANKED #25 IN THE NATION FOR BEST STUDENT ENGAGEMENT. THE UNIVERSITY IS AMONG THE NATION'S BEST COLLEGES OR UNIVERSITIES--REGARDLESS OF SIZE OR LOCATION--IN HOW IT INTERACTS WITH ITS STUDENTS, ACCORDING TO THE WALL STREET JOURNAL/TIMES HIGHER EDUCATION 2022 U.S. COLLEGE RANKINGS. THE UNIVERSITY ONLINE PROGRAMS RANKED AMONG NATION'S BEST. THE UNIVERSITY EXPERIENCED MAJOR GAINS IN ITS ONLINE PROGRAM RANKINGS, FURTHER SOLIDIFYING ITS PLACE AMONG SOME OF THE BEST ONLINE PROGRAMS IN THE NATION, ACCORDING TO THE U.S. NEWS & WORLD REPORT BEST ONLINE PROGRAMS RANKINGS FOR 2022. CLAMP DIVINITY TO LAUNCH PH.D. IN PREACHING FALL 2022. THE UNIVERSITY'S CLAMP DIVINITY SCHOOL HAS ANNOUNCED PLANS TO LAUNCH A DOCTOR OF PHILOSOPHY IN PREACHING DEGREE PROGRAM BEGINNING IN THE FALL SEMESTER 2022. THE UNIVERSITY BEGINS CONSTRUCTION ON TROJAN FOOTBALL OPERATIONS CENTER. IN PREPARATION FOR THE INAUGURAL SEASON OF TROJAN FOOTBALL, THE UNIVERSITY BEGAN CONSTRUCTION OF ITS NEW FOOTBALL OPERATIONS CENTER. CONSTRUCTION OF THE 45,000-SQUARE-FOOT FACILITY IS SCHEDULED TO CONCLUDE AHEAD OF THE 2023-2024 ACADEMIC YEAR. THE FIRST UNIVERSITY TROJAN FOOTBALL SEASON IS SCHEDULED TO BEGIN IN 2024. THE UNIVERSITY IS AN NCAA DIVISION II PROGRAM WITHIN THE SOUTH ATLANTIC CONFERENCE (SAC.)
AUXILIARY ENTERPRISES EXIST TO FURNISH GOODS OR SERVICES TO STUDENTS, FACULTY, STAFF, OR INCIDENTALLY TO THE GENERAL PUBLIC. FEES CHARGED FOR AUXILIARY ENTERPRISES ARE PRICED TO OFFSET THE COST OF THE GOODS OR SERVICES PROVIDED. THE DISTINGUISHING CHARACTERISTIC OF AUXILIARY ENTERPRISES IS THAT THEY ARE MANAGED AS AN ESSENTIALLY SELF-SUPPORTING ACTIVITY. AUXILIARY ENTERPRISES REVENUE INCLUDES ACTIVITIES FOR STUDENT HOUSING AND DINING FACILITIES.
OTHER PROGRAM REVENUE INCLUDES BUT IS NOT LIMITED TO COMMISSIONS FROM SALES OF STUDENT RELATED ITEMS, PERKINS DEBT SERVICE, TICKET SALES FOR ATHLETIC AND THEATRE EVENTS, AND MAGAZINE SUBSCRIPTION REVENUE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Evans P Whitaker President | Officer | 60 | $571,736 |
James Wayne Landrith Sr VP Development/pres. Affairs | Officer | 40 | $197,474 |
Martha Hinman Professor Physical Therapy | 40 | $196,651 | |
David Omar Rashed Sr VP Administration & Brand | Officer | 40 | $191,442 |
Anthony Guiseppi-Elie Dean-College Of Engineering | 40 | $191,440 | |
Reginald Gay VP And University Counsel | Officer | 40 | $184,696 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Avi Foodsystems Dining Services | 5/30/22 | $6,439,546 |
Jdavis Construction Construction | 5/30/22 | $3,791,660 |
Lock Step Technology Group It Networking | 5/30/22 | $667,395 |
Budd Group Landscaping | 5/30/22 | $2,429,201 |
Deluxe Athletics Inc Construction | 5/30/22 | $2,637,123 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $61,040 |
| Related organizations | $1,357,608 |
| Government grants | $5,295,905 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,014,581 |
| Noncash contributions included in lines 1a–1f | $149,096 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $11,729,134 |
| Total Program Service Revenue | $112,800,267 |
| Investment income | $1,960,922 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $4,950 |
| Net Rental Income | $40,808 |
| Net Gain/Loss on Asset Sales | $3,600,562 |
| Net Income from Fundraising Events | -$14,322 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $130,183,026 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $43,949,186 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,793,824 |
| Compensation of current officers, directors, key employees. | $1,343,879 |
| Compensation to disqualified persons | $297,452 |
| Other salaries and wages | $33,076,302 |
| Pension plan accruals and contributions | $2,273,598 |
| Other employee benefits | $3,180,952 |
| Payroll taxes | $2,133,938 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $17,897 |
| Fees for services: Accounting | $110,314 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $87,383 |
| Fees for services: Investment Management | $265,652 |
| Fees for services: Other | $8,797,667 |
| Advertising and promotion | $2,388,861 |
| Office expenses | $1,980,512 |
| Information technology | $4,176,495 |
| Royalties | $0 |
| Occupancy | $4,625,258 |
| Travel | $1,997,257 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,724,898 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $6,286,625 |
| Insurance | $387,330 |
| All other expenses | $3,459,115 |
| Total functional expenses | $123,188,763 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,119,821 |
| Savings and temporary cash investments | $63,880,761 |
| Pledges and grants receivable | $5,432,276 |
| Accounts receivable, net | $10,284,907 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $679,444 |
| Net Land, buildings, and equipment | $127,003,945 |
| Investments—publicly traded securities | $50,821,704 |
| Investments—other securities | $954,495 |
| Investments—program-related | $1,232,492 |
| Intangible assets | $0 |
| Other assets | $5,464,135 |
| Total assets | $269,873,980 |
| Accounts payable and accrued expenses | $7,969,463 |
| Grants payable | $0 |
| Deferred revenue | $4,381,944 |
| Tax-exempt bond liabilities | $22,306,901 |
| Escrow or custodial account liability | $195,530 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $65,402,404 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $5,620,995 |
| Total liabilities | $105,877,237 |
| Net assets without donor restrictions | $122,783,834 |
| Net assets with donor restrictions | $41,212,909 |
| 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 | $269,873,980 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Anderson University has recieved totaling $33,500.
| Awarding Organization | Amount |
|---|---|
Champion For Christ Foundation Inc Greenville, SC PURPOSE: TO SUPPORT THE COST AND EXPENSES OF HIGHER LEARNING | $28,500 |
Peabody Foundation Greenville, SC PURPOSE: UNIVERSITY | $5,000 |
Endowment Analysis
| Beg. Balance | $28,272,734 |
| Earnings | -$1,799,167 |
| Net Contributions | $625,925 |
| Other Expense | $23,388 |
| Grants | $1,003,274 |
| Ending Balance | $26,072,830 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Furman University Greenville, SC | $1,049,847,532 | $208,077,263 |
Davidson College Davidson, NC | $1,786,522,691 | $194,756,860 |
Berry College Inc Mount Berry, GA | $1,445,846,752 | $178,933,031 |
Anderson University Anderson, SC | $269,873,980 | $130,183,026 |
Wofford College Spartanburg, SC | $486,613,567 | $116,076,279 |
Spelman College Atlanta, GA | $855,779,306 | $182,970,731 |
Morehouse College Atlanta, GA | $491,950,493 | $206,029,432 |
Lenoir-Rhyne University Hickory, NC | $251,750,614 | $101,403,823 |
Oglethorpe University Inc Atlanta, GA | $134,446,425 | $78,800,641 |
Claflin University Orangeburg, SC | $159,550,066 | $90,488,927 |
Catawba College Salisbury, NC | $404,243,208 | $275,797,439 |
Benedict College Columbia, SC | $122,453,279 | $61,010,211 |