Anderson University
- Assets
- $269.9m
- Revenue
- $130.2m
- Investments
- $954.5k
- Employees
- 1,667
- 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 05/2023, Anderson University employed 1,667 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
990
Mission & Program ActivityExcerpts From the 990 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:
Part 3 - Line 4a
THE UNIVERSITY IS A COMPREHENSIVE UNIVERSITY AFFILIATED WITH THE SOUTH CAROLINA BAPTIST CONVENTION OFFERING BACHELORS, MASTERS, AND DOCTORATE DEGREES. LOCATED ON APPROXIMATELY 387 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. ACADEMIC PROGRAM THE ORGANIZATION OFFERS 62 BACCALAUREATE MAJORS, 39 MAJOR-EMBEDDED CONCENTRATIONS, AS WELL AS 48 MINORS AND THREE UNDERGRADUATE CERTIFICATES. THE ORGANIZATION ALSO OFFERS 15 MASTER DEGREES AND 7 GRADUATE CERTIFICATE PROGRAMS IN THE FIELDS OF BUSINESS, CHRISTIAN STUDIES, CRIMINAL JUSTICE, EDUCATION, MUSIC EDUCATION, NURSING, AND PATHOLOGY. AT THE POST-MASTER'S LEVEL, THE ORGANIZATION OFFERS AN ED.S. IN EDUCATIONAL SYSTEMS ADMINISTRATION AND 8 DOCTORAL PROGRAMS: DOCTOR OF MINISTRY (TWO), DOCTOR OF NURSING PRACTICE, DOCTOR OF PHYSICAL THERAPY, DOCTOR OF PHILOSOPHY IN LEADERSHIP, DOCTOR OF PHILOSOPHY IN PREACHING, AND DOCTOR OF EDUCATION (TWO). HIGHLIGHTS OF THE 2022-2023 FISCAL YEAR ANDERSON UNIVERSITY RECEIVES HIGHEST U.S. NEWS & WORLD REPORT RANK IN ITS HISTORY - THE UNIVERSITY IS THE 26TH BEST INSTITUTION OF HIGHER LEARNING IN THE SOUTH AFTER RISING 18 SPOTS IN THE LATEST RANKINGS PUBLISHED BY U.S. NEWS & WORLD REPORT IN ADDITION, THE UNIVERSITY IS RANKED #18 AMONG "BEST VALUE SCHOOLS" AS U.S. NEWS & WORLD REPORT RELEASED THE 2022-2023 EDITION. ANDERSON UNIVERSITY AGAIN NAMED TO THE GREAT COLLEGES TO WORK FOR HONOR ROLL - FOR THE 2022-2023 ACADEMIC YEAR, THE GREAT COLLEGES TO WORK FOR PROGRAM PLACED THE UNIVERSITY ON ITS HONOR ROLL-IT IS ONE OF ONLY TWO INSTITUTIONS OF HIGHER EDUCATION IN SOUTH CAROLINA TO RECEIVE THAT DESIGNATION-AS THE UNIVERSITY WAS LAUDED IN ALL 10 OF THE GREAT COLLEGES TO WORK FOR RECOGNITION CATEGORIES. ANDERSON UNIVERSITY CELEBRATES HIGHEST ENROLLMENT IN ITS 111-YEAR HISTORY - THE UNIVERSITY'S ENROLLMENT FOR THE 2022-2023 ACADEMIC YEAR STANDS AT 4,117 STUDENTS, THE LARGEST STUDENT BODY SINCE THE UNIVERSITY WELCOMED ITS FIRST CLASS IN 1911 AND SOLIDIFYING THE UNIVERSITY'S STATUS AS THE LARGEST PRIVATE UNIVERSITY IN SOUTH CAROLINA. IN ADDITION, THE UNIVERSITY SAW ITS HIGHEST NUMBER OF FRESHMEN AND TRANSFER STUDENTS, WITH 906 FIRST-TIME STUDENTS ENROLLING THIS YEAR. ANDERSON UNIVERSITY ONLINE PROGRAMS RANKED IN SIX CATEGORIES BY U.S. NEWS & WORLD REPORT - THE UNIVERSITY HAS THE BEST ONLINE CRIMINAL JUSTICE PROGRAM IN SOUTH CAROLINA, ACCORDING TO U.S. NEWS & WORLD REPORT'S BEST ONLINE PROGRAMS RANKINGS FOR 2023. THE UNIVERSITY APPEARED IN SIX CATEGORIES IN THE ANNUAL LIST MADE UP OF ALL COLLEGES AND UNIVERSITIES IN THE NATION. ANDERSON UNIVERSITY LAUNCHES FIRST PATHOLOGISTS ASSISTANT PROGRAM IN SOUTH CAROLINA ANDERSON UNIVERSITY CREATES NEW PROGRAMS IN CODING AND APP DEVELOPMENT CITY OF ANDERSON PROCLAIMS MARCH 30 AS ANDERSON UNIVERSITY DAY - THE CITY OF ANDERSON IS INVITING THE COMMUNITY TO JOIN THE UNIVERSITY IN CELEBRATION OF A DAY, THE UNIVERSITY'S ANNUAL FUNDRAISING CAMPAIGN IN SUPPORT OF STUDENT SCHOLARSHIPS AND CAMPUS IMPROVEMENTS. ANDERSON CITY COUNCIL PASSED A RESOLUTION NAMING MARCH 30, 2023 ERSON UNIVERSITY DAY." THE UNIVERSITY ALUMNI AND FRIENDS PROVIDED OVER $500,000 IN STUDENT SCHOLARSHIPS AND CAMPUS IMPROVEMENTS DURING THE UNIVERSITY'S ANNUAL A DAY CAMPAIGN ON MARCH 30. ANDERSON UNIVERSITY PARTNERS WITH ANMED ON VARIOUS INITIATIVES
AUXILIARY ENTERPRISE REVENUE: 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. REVENUES AND EXPENSES FROM AUXILIARY ENTERPRISES ARE REPORTED AS CHANGES IN NET ASSETS WITHOUT DONOR RESTRICTIONS.
OTHER PROGRAM REVENUE THAT 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 |
|---|---|---|---|
Name Not Listed Secretary (part Year), Vice Chair | OfficerTrustee | 1 | $0 |
Name Not Listed Secretary (part Year), Trustee | OfficerTrustee | 1 | $0 |
Name Not Listed Trustee, Chair | OfficerTrustee | 1 | $0 |
Name Not Listed Trustee, Secretary | OfficerTrustee | 1 | $0 |
Name Not Listed Trustee (part Year) | Trustee | 1 | $0 |
Name Not Listed Trustee (part Year) | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Hogan Construction Group Of South Carolina Llc Construction | 5/30/23 | $5,743,970 |
Avi Foodsystems Inc Dining Services | 5/30/23 | $5,008,342 |
Trehel Corporation Construction | 5/30/23 | $3,962,070 |
The Budd Group Landscaping/custodial | 5/30/23 | $2,663,964 |
Workday Inc It Services | 5/30/23 | $1,145,947 |
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 |