Abilene Christian University
- Assets
- $1.0b
- Revenue
- $354.8m
- Investments
- $334.5m
- Employees
- 2,972
- Location
- Abilene, TX
- Founding
- 12/1941
- Data as of
- 05/2021
- EIN
- 75-0851900
Organization Overview
Abilene Christian University is located in Abilene, TX. The organization was established in 1941. According to its NTEE Classification (B43) the organization is classified as: Universities, under the broad grouping of Education and related organizations. As of 05/2023, Abilene Christian University employed 2,972 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Abilene Christian 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 05/2021, Abilene Christian University generated $354.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.4% each year. All expenses for the organization totaled $215.3m during the year ending 05/2021. While expenses have increased by 2.3% 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.
Since 2015, Abilene Christian University has awarded 91 individual grants totaling $1,230,997. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
ACU IS A NATIONAL LEADER IN CHRISTIAN HIGHER EDUCATION, AND THE MISSION IS TO EDUCATE STUDENTS FOR CHRISTIAN SERVICE AND LEADERSHIP THROUGHOUT THE WORLD. ACU IS A VIBRANT, INNOVATIVE, CHRIST-CENTERED COMMUNITY THAT ENGAGES STUDENTS IN AUTHENTIC SPIRITUAL AND INTELLECTUAL GROWTH, EQUIPPING THEM TO MAKE A REAL DIFFERENCE IN THE WORLD.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ABILENE CHRISTIAN UNIVERSITY IS A HIGHER EDUCATION INSTITUTION WHICH SERVES APPROXIMATELY 6,000 GRADUATE AND UNDERGRADUATE STUDENTS. IN ADDITION TO EDUCATING THE STUDENTS, THE UNIVERSITY OFFERS ON-CAMPUS AND OFF-CAMPUS HOUSING, ON-CAMPUS FOOD SERVICE, ATHLETIC PROGRAMS AND ASSISTANCE WITH STUDENT AID. ACU ALSO OPERATES PROGRAMS TO FOSTER RELATIONSHIPS WITH ALUMNI OF THE UNIVERSITY.
AUXILIARY ENTERPRISES INTEGRATE LIVING, LEARNING, AND FAITH, WHEREBY STUDENTS LEARN TO LIVE LIVES OF CHRISTIAN SERVICE AND LEADERSHIP THROUGHOUT THE WORLD. IT COMBINES WHAT STUDENTS LEARN IN THE CLASSROOM WITH PRACTICAL APPLICATION THAT WILL PREPARE THEM FOR REAL-WORLD EXPERIENCES.
EDUCATION SERVICES INCLUDES ACADEMIC COUNSELING AND TESTING SERVICES, HEALTH SERVICES, AND STUDY ABROAD ACTIVITIES THAT ARE ALL DESIGNED TO ENHANCE A STUDENT'S LEARNING EXPERIENCE AND THE OVERALL QUALITY OF A STUDENT'S EDUCATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alan Rich Trustee | Trustee | 1 | $0 |
April Anthony Trustee | OfficerTrustee | 1 | $0 |
Arthur Culpepper Trustee | Trustee | 1 | $0 |
Belinda Harmon Trustee | Trustee | 1 | $0 |
Berto Guerra Trustee | Trustee | 1 | $0 |
Bill Minick Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Core Construction Services Construction | 5/30/23 | $20,291,124 |
Linbeck Group Llc Construction | 5/30/23 | $12,629,270 |
Hoar Construction Llc Construction | 5/30/23 | $12,430,266 |
Cloud Control Media Enrollment Leads | 5/30/23 | $3,242,230 |
Chartwells Higher Education Food Service | 5/30/23 | $7,356,278 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $84,263,194 |
| Investment income | $4,123,214 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $17,263,234 |
| Net Rental Income | $1,351,107 |
| Net Gain/Loss on Asset Sales | $72,310,102 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $562,177 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $354,836,579 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $69,997,341 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $3,684,222 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $59,115,425 |
| Pension plan accruals and contributions | $1,275,960 |
| Other employee benefits | $11,011,459 |
| Payroll taxes | $3,979,801 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $162,414 |
| Fees for services: Accounting | $127,600 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $154,129 |
| Fees for services: Investment Management | $1,531,331 |
| Fees for services: Other | $7,160,653 |
| Advertising and promotion | $6,003,812 |
| Office expenses | $4,893,314 |
| Information technology | $5,335,924 |
| Royalties | $165,433 |
| Occupancy | $6,061,836 |
| Travel | $2,409,917 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $303,613 |
| Interest | $5,907,098 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $10,287,475 |
| Insurance | $1,854,223 |
| All other expenses | $0 |
| Total functional expenses | $215,349,026 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,611,418 |
| Savings and temporary cash investments | $42,722,263 |
| Pledges and grants receivable | $22,870,857 |
| Accounts receivable, net | $19,129,546 |
| Loans from Officers, Directors, or Controlling Persons | $1,474,692 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $692,726 |
| Prepaid expenses and deferred charges | $11,070,694 |
| Investments—publicly traded securities | $177,008,082 |
| Investments—other securities | $334,472,685 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $92,659,734 |
| Total assets | $1,035,035,305 |
| Accounts payable and accrued expenses | $21,894,968 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $95,733,333 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $41,885,000 |
| Unsecured mortgages and notes payable | $20,394,087 |
| Other liabilities | $48,172,713 |
| Total liabilities | $228,080,101 |
| 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 | $806,955,204 |
Grants Awarded
Over the last fiscal year, Abilene Christian University has awarded $136,500 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
FOCUS ON THE FAMILY PURPOSE: GENERAL SUPPORT | $18,000 |
LIVEBEYOND PURPOSE: GENERAL SUPPORT | $10,000 |
EASTERN EUROPEAN MISSIONS PURPOSE: GENERAL SUPPORT | $10,000 |
NORTH DAVIS CHURCH OF CHRIST PURPOSE: GENERAL SUPPORT | $12,000 |
SKILLMAN CHURCH OF CHRIST PURPOSE: GENERAL SUPPORT | $10,000 |
THEONE KAFE LLC PURPOSE: GENERAL SUPPORT | $10,000 |