Allen University
- Assets
- $68.0m
- Revenue
- $28.7m
- Investments
- $0.0
- Employees
- 310
- Location
- Columbia, SC
- Founding
- 06/1946
- Data as of
- 06/2022
- EIN
- 57-0341191
Organization Overview
Allen University is located in Columbia, SC. 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, Allen University employed 310 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Allen 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, Allen University generated $28.7m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 6.6% each year. All expenses for the organization totaled $25.4m during the year ending 06/2022. While expenses have increased by 5.8% per year over the past 8 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
ALLEN UNIVERSITY IS AN ACADEMIC COMMUNITY WHICH PROVIDES STUDENTS AN OPPORTUNITY TO OBTAIN BACCALAUREATE AND GRADUATE DEGREES IN LIBERAL ARTS AND PROFESSIONAL PROGRAMS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONPROFIT SECONDARY EDUCATIONAL INSTITUTION OFFERING ACADEMIC DEGREES IN ADDITION TO MEETING INDIVIDUAL NEEDS OF STUDENTS.
AUXILIARY ENTERPRISE SUPPORTS THE UNIVERSITYS MISSION OF PROVIDING QUALITY EDUCATIONAL OPPORTUNITIES. THESE SERVICES INCLUDE, BUT ARE NOT LIMITED TO, FOOD SERVICES, CAMPUS HOUSING, POSTAL SERVICES, PARKING, VENDING, CAMPUS STORES AND ATHLETICS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Ernest Mcnealey President/chief Executive Officer | OfficerTrustee | 40 | $400,000 |
Dr Lisa Long Provost | Officer | 40 | $150,000 |
Dr Eric Gamble Vice President For Information Technology Institutional Effectiveness | Officer | 40 | $112,000 |
Mr Dub Taylor Vice President For Institutional Advancement | Officer | 40 | $106,000 |
Mrs Ruby G Fielding Vice President For Fiscal Affairs/chief Financial Officer | Officer | 40 | $101,800 |
Dr J Michael Harpe Vice President For Student Affairs | Officer | 40 | $100,000 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Carbra-contract Llc Building Maint | 6/29/21 | $2,347,963 |
G3 Communications Computer Services | 6/29/21 | $115,510 |
Carolina Chillers Inc Heating & Air | 6/29/21 | $303,919 |
Lle Construction Group Llc Building Maint | 6/29/21 | $138,926 |
Mcmillan Pazdan Smith Architectural | 6/29/21 | $405,190 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $16,416,485 |
| Investment income | $79,169 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$32,712 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $28,653,626 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $2,632,306 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $992,013 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $25,420,517 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $894,442 |
| Savings and temporary cash investments | $302,459 |
| Pledges and grants receivable | $1,131,054 |
| Accounts receivable, net | $12,902,349 |
| 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 | $83,389 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $461,041 |
| Total assets | $68,026,738 |
| Accounts payable and accrued expenses | $623,168 |
| Grants payable | $48,446 |
| Deferred revenue | $1,537,064 |
| Tax-exempt bond liabilities | $2,938,011 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $809,961 |
| Unsecured mortgages and notes payable | $12,000,000 |
| Other liabilities | $0 |
| Total liabilities | $17,956,650 |
| Net assets without donor restrictions | $49,611,475 |
| Net assets with donor restrictions | $458,613 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $50,070,088 |