Adventhealth University Inc
- Assets
- $48.1m
- Revenue
- $42.0m
- Investments
- $0.0
- Employees
- 0
- Location
- Orlando, FL
- Founding
- 00/0000
- Data as of
- 12/2021
- EIN
- 59-3069793
Organization Overview
Adventhealth University Inc is located in Orlando, FL. The organization was established in 0000. According to its NTEE Classification (B42) the organization is classified as: Undergraduate Colleges, under the broad grouping of Education and related organizations. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Adventhealth 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 12/2021, Adventhealth University Inc generated $42.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.0% each year. All expenses for the organization totaled $37.7m during the year ending 12/2021. While expenses have increased by 1.8% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE PROVISION OF ALLIED HEALTH AND NURSING EDUCATION THROUGH THE OPERATION OF A SCHOOL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ENROLLED 1,667 DEGREE SEEKING STUDENTS IN ALLIED HEALTH & NURSING PROGRAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Hernandez PHD Edwin Sec/president/member | OfficerTrustee | 50 | $0 |
Martinez Ruben CFO | Officer | 50 | $0 |
Shaw Terry Member (beg 04/21) | Trustee | 0.3 | $0 |
Haffner PHD Randall Chairman/member (beg 04/21) | Trustee | 0.7 | $0 |
Tol Daryl Chairman/member (end 01/21) | Trustee | 0 | $0 |
Schultz Michael Member (end 12/21) | Trustee | 0.4 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Cmg Orlando Marketing Services | 12/30/21 | $374,420 |
Husch Blackwell Llp Legal Services | 12/30/21 | $142,145 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $5,704,739 |
| Government grants | $3,760,684 |
| All other contributions, gifts, grants, and similar amounts not included above | $180,053 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $9,645,476 |
| Total Program Service Revenue | $31,429,283 |
| Investment income | $515,256 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $398,734 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $41,988,749 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $2,819,173 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| 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 | $147,424 |
| Fees for services: Accounting | $52,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $31,227 |
| Fees for services: Other | $727,679 |
| Advertising and promotion | $562,714 |
| Office expenses | $2,036,144 |
| Information technology | $4,588 |
| Royalties | $0 |
| Occupancy | $3,529,897 |
| Travel | $126,524 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $283,964 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $70,075 |
| Insurance | $16,485 |
| All other expenses | $522,545 |
| Total functional expenses | $37,673,006 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,121 |
| Savings and temporary cash investments | $14,942,599 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,119,590 |
| 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 | $738,340 |
| Net Land, buildings, and equipment | $390,288 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $28,892,721 |
| Total assets | $48,086,659 |
| Accounts payable and accrued expenses | $320,025 |
| 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 | $21,705,158 |
| Total liabilities | $22,025,183 |
| Net assets without donor restrictions | $18,677,734 |
| Net assets with donor restrictions | $7,383,742 |
| 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 | $48,086,659 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Adventhealth University Inc has recieved totaling $54,120.
| Awarding Organization | Amount |
|---|---|
Sunsystem Development Corporation Altamonte Springs, FL PURPOSE: General Support | $49,103 |
The Jmilton Hoffa And Nellie E Hoffa Memorial Foundation Orlando, FL PURPOSE: GENERAL OPERATING | $5,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $17 |
Endowment Analysis
| Beg. Balance | $6,741,777 |
| Earnings | $445,969 |
| Net Contributions | $403,759 |
| Other Expense | $310,645 |
| Ending Balance | $7,280,860 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Eckerd College St Petersburg, FL | $226,479,498 | $127,879,721 |
Palm Beach Atlantic University Inc West Palm Beach, FL | $243,912,659 | $119,213,584 |
Spelman College Atlanta, GA | $855,779,306 | $182,970,731 |
Ringling College Of Art And Design Inc Sarasota, FL | $401,598,018 | $119,229,866 |
Morehouse College Atlanta, GA | $491,950,493 | $206,029,432 |
Bethune-Cookman University Daytona Beach, FL | $214,110,723 | $117,726,569 |
Birmingham-Southern College Birmingham, AL | $106,162,162 | $42,694,906 |
Flagler College Inc St Augustine, FL | $205,599,935 | $73,291,832 |
Oglethorpe University Inc Atlanta, GA | $134,446,425 | $78,800,641 |
Faulkner University Montgomery, AL | $101,589,206 | $70,137,760 |
Oakwood University Inc Huntsville, AL | $115,223,075 | $64,178,393 |
Piedmont University Inc Demorest, GA | $159,118,905 | $56,789,955 |