Amberton University is located in Garland, TX. The organization was established in 1982. According to its NTEE Classification (B43) the organization is classified as: Universities, under the broad grouping of Education and related organizations. As of 05/2022, Amberton University employed 96 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Amberton 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 05/2022, Amberton University generated $9.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.3% each year. All expenses for the organization totaled $6.7m during the year ending 05/2022. While expenses have increased by 2.4% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
AMBERTON UNIVERSITY PROVIDES EDUCATIONAL OPPORTUNITIES TO APPROXIMATELY 1000 ADULT STUDENTS EACH SESSION. COURSE OF STUDIES CAN LEAD TO BACHELOR AND/OR MASTER DEGREES. THE UNIVERSITY IS NATIONALLY ACCREDITED.
Describe the Organization's Program Activity:
Part 3 - Line 4a
AMBERTON UNIVERSITY PROVIDES EDUCATIONAL OPPORTUNITIES TO APPROXIMATELY 1000 ADULT STUDENTS EACH SESSION. COURSE OF STUDIES CAN LEAD TO BACHELOR AND/OR MASTER DEGREES. THE UNIVERSITY IS NATIONALLY ACCREDITED.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Melinda Reagan President | Officer | 40 | $200,000 |
Brent Bradshaw Vice President For Administrative Services | Officer | 40 | $149,450 |
Jo Lynn Loyd Vice President For Strategic Services | Officer | 40 | $145,400 |
Blair Stephenson Academic Dean | Officer | 40 | $101,500 |
Wendell Stewart Trustee | 0 | $0 | |
Mark Parsons Trustee | 0 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $90,220 |
All other contributions, gifts, grants, and similar amounts not included above | $0 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $90,220 |
Total Program Service Revenue | $5,779,947 |
Investment income | $3,303,014 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $0 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $9,173,181 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $0 |
Grants and other assistance to domestic individuals. | $0 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $565,000 |
Compensation of current officers, directors, key employees. | $429,400 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $3,241,670 |
Pension plan accruals and contributions | $178,278 |
Other employee benefits | $489,709 |
Payroll taxes | $285,684 |
Fees for services: Management | $0 |
Fees for services: Legal | $6,222 |
Fees for services: Accounting | $23,573 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $0 |
Advertising and promotion | $537,208 |
Office expenses | $144,744 |
Information technology | $261,708 |
Royalties | $0 |
Occupancy | $510,330 |
Travel | $16,203 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $61,834 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $100,993 |
Insurance | $0 |
All other expenses | $19,860 |
Total functional expenses | $6,736,306 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $1,283,894 |
Savings and temporary cash investments | $1,989,713 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $288,336 |
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 | $0 |
Net Land, buildings, and equipment | $1,023,245 |
Investments—publicly traded securities | $55,795,529 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $60,380,717 |
Accounts payable and accrued expenses | $0 |
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 | $1,190,684 |
Total liabilities | $1,190,684 |
Net assets without donor restrictions | $59,190,033 |
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 |
Retained earnings, endowment, accumulated income, or other funds | $0 |
Total liabilities and net assets/fund balances | $60,380,717 |
Beg. Balance | $52,643,944 |
Earnings | -$3,318,632 |
Ending Balance | $49,325,312 |
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Kings University Southlake, TX | $0 | $6,930,347 |
Amberton University Garland, TX | $60,380,717 | $9,173,181 |
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