Southwestern Adventist University
- Assets
- $69.7m
- Revenue
- $31.0m
- Investments
- $0.0
- Employees
- 213
- Location
- Keene, TX
- Founding
- 04/1947
- Data as of
- 06/2021
- EIN
- 75-0891465
Organization Overview
Southwestern Adventist University is located in Keene, TX. The organization was established in 1947. 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, Southwestern Adventist University employed 213 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Southwestern Adventist 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 06/2021, Southwestern Adventist University generated $31.0m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 2.0% each year. All expenses for the organization totaled $21.5m during the year ending 06/2021. While expenses have increased by 0.8% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
POST SECONDARY EDUCATION
Describe the Organization's Program Activity:
Part 3 - Line 4a
ADULT EDUCATION PROGRAMS: DISTANCE LEARNING AND ADULT DEGREE
GENERAL/OTHER: MAJOR PROGRAMS
STUDENT FINANCIAL AID PROGRAMS: STUDENT FINANCE
ADULT EDUCATION PROGRAMS: DISTANCE LEARNING AND ADULT DEGREE
GENERAL/OTHER: MAJOR PROGRAMS
STUDENT FINANCIAL AID PROGRAMS: STUDENT FINANCE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kenneth Shaw President | Officer | 40 | $150,448 |
Donna Berkner Academic Dean | Officer | 40 | $100,916 |
Joel Wallace Financial Vice President | Officer | 40 | $91,248 |
Ana Patterson Interim President | Officer | 40 | $43,201 |
James Shires Board Member | Trustee | 0 | $0 |
Todd Goodman Board Member | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $441,602 |
| Related organizations | $4,070,277 |
| Government grants | $5,345,086 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,622,501 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $15,479,466 |
| Total Program Service Revenue | $14,604,067 |
| Investment income | $303,823 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $77,557 |
| Net Rental Income | $198,889 |
| Net Gain/Loss on Asset Sales | $14,200 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $106,533 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $31,006,117 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $5,091,076 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $338,719 |
| Compensation of current officers, directors, key employees. | $329,694 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $7,004,338 |
| Pension plan accruals and contributions | $868,517 |
| Other employee benefits | $1,916,313 |
| Payroll taxes | $495,415 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $6,204 |
| Fees for services: Accounting | $47,704 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $3,180 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $230,720 |
| Office expenses | $2,452,769 |
| Information technology | $381,829 |
| Royalties | $0 |
| Occupancy | $1,110,202 |
| Travel | $79,500 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $42,718 |
| Interest | $79,200 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,092,617 |
| Insurance | $228,876 |
| All other expenses | $0 |
| Total functional expenses | $21,469,897 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $164,492 |
| Savings and temporary cash investments | $14,830,033 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,155,636 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $1,626,991 |
| Inventories for sale or use | $39,856 |
| Prepaid expenses and deferred charges | $482,455 |
| Net Land, buildings, and equipment | $26,998,631 |
| Investments—publicly traded securities | $23,352,952 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $69,651,046 |
| Accounts payable and accrued expenses | $1,795,794 |
| Grants payable | $0 |
| Deferred revenue | $43,630 |
| 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 | $3,000,000 |
| Other liabilities | $0 |
| Total liabilities | $4,839,424 |
| Net assets without donor restrictions | $46,156,146 |
| Net assets with donor restrictions | $18,655,476 |
| 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 | $69,651,046 |
Grants Recieved
Over the last fiscal year, we have identified 9 grants that Southwestern Adventist University has recieved totaling $1,752,044.
| Awarding Organization | Amount |
|---|---|
Adventist Health System Sunbelt Healthcare Corporation Altamonte Springs, FL PURPOSE: General Support | $1,500,000 |
Ardmore Insitiute Of Health Ardmore, OK PURPOSE: FINANCIAL SUPPORT | $100,000 |
Irvin C & Evea J Bainum Foundation Inc Glenwood, AR PURPOSE: TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION | $94,737 |
Callicott Foundation Greenville, MS PURPOSE: SCHOLARSHIP | $32,000 |
Texas Health Huguley Inc Burleson, TX PURPOSE: GENERAL SUPPORT | $17,500 |
Poise Foundation Pittsburgh, PA PURPOSE: SCHOLARSHIPS | $5,500 |
Endowment Analysis
| Beg. Balance | $15,356,063 |
| Earnings | $2,647,171 |
| Net Contributions | $4,817,748 |
| Grants | $560,649 |
| Ending Balance | $22,260,333 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
University Of The Ozarks Clarksville, AR | $205,934,945 | $43,250,374 |
Centenary College Of Louisiana Shreveport, LA | $197,546,239 | $39,039,604 |
Howard Payne University Brownwood, TX | $111,822,248 | $40,380,501 |
University Of Holy Cross New Orleans, LA | $64,850,591 | $32,443,133 |
Arkansas Colleges Of Health Education Fort Smith, AR | $125,131,280 | $26,184,797 |
Southwestern Adventist University Keene, TX | $69,651,046 | $31,006,117 |
Hallmark University Inc San Antonio, TX | $50,738,491 | $19,939,747 |
University Of Central Oklahoma Fdn Edmond, OK | $57,594,022 | $22,644,873 |
College Of Biblical Studies-Houston Houston, TX | $14,076,191 | $8,568,117 |
University Of Central Arkansas Foundation Inc Conway, AR | $76,302,395 | $12,983,167 |
Southern University System Foundation Baton Rouge, LA | $59,341,239 | $13,209,342 |
University Of Science & Arts Of Oklahoma Foundation Inc Chickasha, OK | $18,769,545 | $3,373,213 |