Amberton University
- Assets
- $65.8m
- Revenue
- $8.3m
- Investments
- $0.0
- Employees
- 97
- Location
- Garland, TX
- Founding
- 05/1982
- Data as of
- 05/2024
- EIN
- 75-1786007
Organization Overview
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 05/2024, Amberton University employed 97 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 05/2024, Amberton University generated $8.3m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 0.7% each year. All expenses for the organization totaled $7.5m during the year ending 05/2024. While expenses have increased by 3.0% per year over the past 9 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
2024
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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Melinda Reagan President | Officer | 40 | $210,000 |
Brent Bradshaw Vice President For Administrative Services | Officer | 40 | $159,000 |
Jo Lynn Loyd Vice President For Strategic Services | Officer | 40 | $149,500 |
Carol Palmer Vice President For Academic Services | Officer | 40 | $161,250 |
Ronald Darnell Professor | 40 | $125,800 | |
Mckinley Johnson Professor | 40 | $108,875 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| 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 | $0 |
| Total Program Service Revenue | $5,720,243 |
| Investment income | $2,598,334 |
| 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 | $8,318,577 |
| 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. | $641,000 |
| Compensation of current officers, directors, key employees. | $487,160 |
| Compensation to disqualified persons | $3,175,356 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $174,762 |
| Other employee benefits | $606,004 |
| Payroll taxes | $286,296 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $14,170 |
| Fees for services: Accounting | $25,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $912,462 |
| Office expenses | $156,039 |
| Information technology | $269,801 |
| Royalties | $0 |
| Occupancy | $602,499 |
| Travel | $20,774 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $87,339 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $58,694 |
| Insurance | $0 |
| All other expenses | $17,094 |
| Total functional expenses | $7,452,680 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,035,206 |
| Savings and temporary cash investments | $1,608,560 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $325,072 |
| 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 | $924,165 |
| Investments—publicly traded securities | $61,867,735 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $58,112 |
| Total assets | $65,818,850 |
| 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 | $1,290,969 |
| Total liabilities | $1,290,969 |
| Net assets without donor restrictions | $64,527,881 |
| 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 | $65,818,850 |