Brenau University Inc
- Assets
- $138.2m
- Revenue
- $73.7m
- Investments
- $2.7m
- Employees
- 914
- Location
- Gainesville, GA
- Founding
- 11/1943
- Data as of
- 06/2020
- EIN
- 58-0566143
Organization Overview
Brenau University Inc is located in Gainesville, GA. The organization was established in 1943. According to its NTEE Classification (B43) the organization is classified as: Universities, under the broad grouping of Education and related organizations. As of 06/2021, Brenau University Inc employed 914 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Brenau University 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 06/2020, Brenau University Inc generated $73.7m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 4.2% each year. All expenses for the organization totaled $68.4m during the year ending 06/2020. While expenses have increased by 3.1% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
BRENAU UNIVERSITY IS A PRIVATE, COMPREHENSIVE UNIVERSITY THAT INCLUDES THE UNDERGRADUATE RESIDENTIAL SCHOOL, THE UNDERGRADUATE NONRESIDENTIAL SCHOOL, THE GRADUATE SCHOOL, AND THE EARLY COLLEGE PROGRAM.EACH COMPONENT OF THE UNIVERSITY ENHANCES THE OTHERS THROUGH SHARED RESOURCES, FACILITIES, FACULTY AND CULTURAL OPPORTUNITIES WITH SOME LIMITED CROSS-ENROLLMENT OPPORTUNITIES AVAILABLE. HOWEVER, EACH UNIT IS DEFINED BY DISTINCT CHARACTERISTICS.THE UNDERGRADUATE RESIDENTIAL SCHOOL, OR WOMEN'S COLLEGE, OFFERS BACCALAUREATE PROGRAMS, SOME OF WHICH FEED INTO GRADUATE PROGRAMS, WITH A MULTI-DISCIPLINE LIBERAL ARTS FOUNDATION THAT ENABLES STUDENTS TO EXPLORE GENERAL INTERESTS AS WELL AS PURSUE SPECIALIZED STUDIES. WOMEN HAVE OPPORTUNITIES TO DEVELOP LEADERSHIP SKILLS IN AN ENVIRONMENT THAT ENCOURAGES AWARENESS OF AND PARTICIPATION IN A WORLD CHARACTERIZED BY PLURALISM AND TO EXPLORE AND PREPARE FOR VARIOUS CAREER OPPORTUNITIES.
THE UNDERGRADUATE NONRESIDENTIAL SCHOOL OFFERS STUDIES LEADING TO ASSOCIATE AND BACCALAUREATE DEGREES AND IS OPEN TO MEN AND WOMEN. THE PROGRAMS PROVIDE FOUNDATIONS FOR INDIVIDUAL AND PROFESSIONAL GROWTH AND COMPETENCE.
THE GRADUATE SCHOOL OFFERS STUDIES LEADING TO MASTERS, EDUCATIONAL SPECIALIST, AND DOCTORAL DEGREES AS WELL AS GRADUATE CERTIFICATES AND IS OPEN TO MEN AND WOMEN. THE PROGRAMS ENCOURAGE STUDENTS TO DEVELOP THE PROFICIENCY AND PROFESSIONALISM NECESSARY TO MEET THE CHALLENGES INHERENT IN THEIR FIELDS OF STUDY.
AUXILIARY ENTERPRISES - ENRICHMENT PROGRAMS AND OTHER SUPPORT FOR THE INSTRUCTIONAL PROGRAMS OF THE UNIVERSITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Edward L Schrader Jr President Emeritus | Officer | 40 | $548,645 |
Dr Anne A Skleder President | Officer | 40 | $343,908 |
Dr David Barnett Exec VP & CFO | Officer | 40 | $285,264 |
Jim Eck Vpaa & Provost | 40 | $196,621 | |
Julie Beth Keena Chair, Physician Assistant Studies | 40 | $183,133 | |
Jack Matthew Thomas VP For External Relations | Officer | 40 | $172,589 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Aramark Facility Services Facility Maintanence & Custodial Service | 6/29/21 | $4,016,520 |
Synergis Education Inc Advertising/recruiting | 6/29/21 | $3,447,527 |
Ruffalo Noel Levitz Educational Consulting | 6/29/21 | $3,226,474 |
Helix Education Inc Advertising/recruiting | 6/29/21 | $2,844,590 |
Aramark Services Inc Food Service Vendor | 6/29/21 | $1,450,732 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $8,998,717 |
| Investment income | $2,117,471 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$30,169 |
| Net Gain/Loss on Asset Sales | -$41,376 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $73,682,721 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $9,964,891 |
| Grants and other assistance to Foreign Orgs/Individuals | $1,184,129 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $2,378,087 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $20,619,609 |
| Pension plan accruals and contributions | $958,423 |
| Other employee benefits | $4,648,718 |
| Payroll taxes | $1,694,546 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $82,225 |
| Fees for services: Accounting | $84,782 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $48,725 |
| Fees for services: Other | $3,554,125 |
| Advertising and promotion | $293,816 |
| Office expenses | $1,351,356 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,157,344 |
| Travel | $541,137 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $822,176 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,563,603 |
| Insurance | $798,221 |
| All other expenses | $0 |
| Total functional expenses | $68,386,810 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,639,131 |
| Savings and temporary cash investments | $1,152,705 |
| Pledges and grants receivable | $7,117,910 |
| Accounts receivable, net | $3,800,441 |
| Loans from Officers, Directors, or Controlling Persons | $14,469 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Investments—publicly traded securities | $51,704,959 |
| Investments—other securities | $2,706,690 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $14,959,910 |
| Total assets | $138,158,493 |
| Accounts payable and accrued expenses | $3,913,369 |
| Grants payable | $0 |
| Deferred revenue | $5,550,553 |
| 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 | $22,870,958 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $5,553,168 |
| Total liabilities | $37,888,048 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| 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 | $100,270,445 |
Grants Recieved
Over the last fiscal year, we have identified 13 grants that Brenau University Inc has recieved totaling $2,670,667.
| Awarding Organization | Amount |
|---|---|
Lettie Pate Evans Foundation Inc Atlanta, GA PURPOSE: SUPPORT OF TECHNOLOGY NEEDS AS PART OF $7.9 MILLION CAMPAIGN TO IMPROVE CAMPUS CONNECTIVITY AND ENHANCE HEALTH SCIENCES PROGRAMS. | $1,500,000 |
Lettie Pate Whitehead Foundation Inc Atlanta, GA PURPOSE: For general scholarship support. | $355,000 |
Melvin Douglas And Victoria Kay Ivester Foundation Inc Atlanta, GA PURPOSE: SUPPORT COLLEGE OF BUSINESS &COMMUNICATIONS | $300,000 |
North Georgia Community Foundation Gainesville, GA PURPOSE: EDUCATION | $185,905 |
Melvin Douglas And Victoria Kay Ivester Foundation Inc Atlanta, GA PURPOSE: STRENGTHEN UNIVERSITY'SHEALTH SCIENCES PROGRAMS | $162,000 |
Georgia Independent College Association Inc Atlanta, GA PURPOSE: TO PROVIDE SUPPORT FOR PRIVATE COLLEGES AND UNIVERSITIES IN GEORGIA | $62,311 |
Endowment Analysis
| Beg. Balance | $50,103,721 |
| Earnings | $15,147,900 |
| Net Contributions | $162,107 |
| Other Expense | $3,299,600 |
| Grants | $857,400 |
| Ending Balance | $61,256,728 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Lynn University Inc Boca Raton, FL | $203,973,646 | $119,511,324 |
Charleston Southern University Charleston, SC | $197,723,286 | $118,040,499 |
Gardner-Webb University Boiling Springs, NC | $163,499,840 | $100,956,877 |
Meredith College Raleigh, NC | $208,277,395 | $93,593,801 |
Georgia Tech Athletic Association Atlanta, GA | $397,031,896 | $79,492,257 |
Queens University Of Charlotte Charlotte, NC | $172,081,537 | $81,135,661 |
Life University Inc Marietta, GA | $133,814,718 | $85,437,129 |
Agnes Scott College Decatur, GA | $395,231,473 | $76,705,901 |
Christian Brothers University Memphis, TN | $107,139,654 | $73,065,264 |
Brenau University Inc Gainesville, GA | $138,158,493 | $73,682,721 |
Cumberland University Lebanon, TN | $59,645,506 | $69,170,999 |
St Thomas University Inc Miami, FL | $137,677,152 | $75,829,277 |