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Nonprofiteer
← PALM BEACH ATLANTIC UNIVERSITY INC

Form 990 for tax year 2023

Filed by PALM BEACH ATLANTIC UNIVERSITY INC.

Totals

Total revenue
$138,472,309
Total expenses
$149,222,950
Contributions and grants received
$9,872,367
Grants paid
$45,350,705
Program service revenue
$123,152,074
Investment income
$5,029,478
Other revenue
$418,390
Total assets, end of year
$358,293,038
Total liabilities, end of year
$123,538,207
Net assets or fund balances, end of year
$234,754,831
Program services expenses (Part IX)
$126,028,803
Management and general expenses
$21,311,909
Fundraising expenses
$1,882,238
Program service expenses (Part III)
$126,028,803

Program services were 84.5% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1c · Fundraising events

    $118,350

  • 1e · Government grants (contributions)

    $2,280,459

  • 1f · All other contributions, gifts and grants

    $7,473,558

  • 1g · Noncash contributions included above

    $592,612

  • 2a · Program service revenue: TUITION & FEES

    total $102,016,479 · related or exempt $102,016,479

  • 2b · Program service revenue: AUXILIARY

    total $19,905,517 · related or exempt $19,905,517

  • 2c · Program service revenue: SERVICE CHARGES/ACCOUNT FEES

    total $1,230,078 · related or exempt $1,230,078

  • 3 · Investment income

    total $4,618,180 · excluded $4,618,180

  • 6a · Gross rents

    real property $450,916 · personal property $76,656

  • 6b · Less rental expenses

    real property $0 · personal property $0

  • 6c · Rental income or loss

    real property $450,916 · personal property $76,656

  • 6d · Net rental income or loss

    total $527,572 · unrelated business $76,656 · excluded $450,916

  • 7a · Gross sales of assets other than inventory

    securities $411,298

  • 7b · Less cost or other basis and sales expenses

    securities $0

  • 7c · Gain or loss

    securities $411,298

  • 7d · Net gain or loss

    total $411,298 · excluded $411,298

  • 8a · Fundraising events: gross income

    $50,400

  • 8a · Fundraising events: contributions included on line 1c

    $118,350

  • 8b · Fundraising events: direct expenses

    $159,582

  • 8c · Net income from fundraising events

    total -$109,182 · excluded -$109,182

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $42,753,288 · program services $42,753,288

  • 3 · Grants to foreign organizations and individuals

    total $2,597,417 · program services $2,597,417

  • 5 · Compensation of officers, directors and key employees

    total $4,217,577 · program services $1,293,550 · management and general $2,601,404 · fundraising $322,623

  • 7 · Other salaries and wages

    total $38,171,695 · program services $30,808,987 · management and general $6,347,276 · fundraising $1,015,432

  • 8 · Pension plan contributions

    total $1,289,949 · program services $1,089,340 · management and general $174,053 · fundraising $26,556

  • 9 · Other employee benefits

    total $5,887,814 · program services $3,386,908 · management and general $2,410,356 · fundraising $90,550

  • 10 · Payroll taxes

    total $2,940,072 · program services $2,264,779 · management and general $588,581 · fundraising $86,712

  • 11b · Fees: legal

    total $242,456 · management and general $242,456

  • 11c · Fees: accounting

    total $196,837 · management and general $196,837

  • 11f · Fees: investment management

    total $178,103 · management and general $178,103

  • 11g · Fees: other

    total $5,579,652 · program services $4,837,381 · management and general $491,278 · fundraising $250,993

  • 12 · Advertising and promotion

    total $904,755 · program services $541,799 · management and general $362,956

  • 13 · Office expenses

    total $2,928,992 · program services $1,831,826 · management and general $1,035,591 · fundraising $61,575

  • 14 · Information technology

    total $2,188,974 · program services $582,561 · management and general $1,606,413

  • 16 · Occupancy

    total $880,828 · program services $648,097 · management and general $232,731

  • 17 · Travel

    total $1,039,042 · program services $974,862 · management and general $36,383 · fundraising $27,797

  • 20 · Interest

    total $2,086,518 · program services $1,996,948 · management and general $89,570

  • 22 · Depreciation, depletion and amortization

    total $6,302,862 · program services $6,032,294 · management and general $270,568

  • 23 · Insurance

    total $4,239,342 · program services $4,057,356 · management and general $181,986

  • 24a · Other expenses: UNRELATED BUSINESS TAX

    total $15,940 · management and general $15,940

  • 24b · Other expenses: SERVICES, SUPPLIES AND

    total $11,639,554 · program services $8,219,902 · management and general $3,419,652

  • 24c · Other expenses: FOOD CONTRACTOR

    total $6,689,241 · program services $6,689,241

  • 24d · Other expenses: OTHER

    total $3,186,342 · program services $2,700,780 · management and general $485,562

  • 24e · All other expenses

    total $3,065,700 · program services $2,721,487 · management and general $344,213

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $28,113,655 · end of year $62,695,605

  • 2 · Savings and temporary cash investments

    beginning of year $246,039 · end of year $414,436

  • 3 · Pledges and grants receivable

    beginning of year $31,495,711 · end of year $29,382,858

  • 4 · Accounts receivable

    beginning of year $1,165,333 · end of year $1,556,321

  • 7 · Other notes and loans receivable

    beginning of year $8,620,613 · end of year $1,209,763

  • 9 · Prepaid expenses and deferred charges

    beginning of year $38,995,568 · end of year $5,350,712

  • 10a · Land, buildings and equipment: cost or other basis

    $230,043,947

  • 10b · Land, buildings and equipment: accumulated depreciation

    $115,652,503

  • 10c · Land, buildings and equipment, net

    beginning of year $101,943,170 · end of year $114,391,444

  • 11 · Investments: publicly traded securities

    beginning of year $607,534 · end of year $665,243

  • 12 · Investments: other securities

    beginning of year $91,002,296 · end of year $126,655,276

  • 15 · Other assets

    beginning of year $9,566,212 · end of year $15,971,380

  • 17 · Accounts payable and accrued expenses

    beginning of year $7,994,691 · end of year $7,069,412

  • 19 · Deferred revenue

    beginning of year $7,593,472 · end of year $8,018,439

  • 20 · Tax-exempt bond liabilities

    beginning of year $43,025,184 · end of year $90,025,607

  • 25 · Other liabilities

    beginning of year $15,482,422 · end of year $18,424,749

  • 27 · Net assets without donor restrictions

    beginning of year $112,409,044 · end of year $112,441,023

  • 28 · Net assets with donor restrictions

    beginning of year $125,251,318 · end of year $122,313,808

Mission and programs · 2023

Mission

PALM BEACH ATLANTIC UNIVERSITY EQUIPS STUDENTS TO GROW IN WISDOM, LEAD WITH CONVICTION AND SERVE GOD BOLDLY.

Activities or mission (Part I)

PBA IS A PRIVATE CHRISTIAN UNIVERSITY OFFERING UNDERGRADUATE, GRADUATE & PROFESSIONAL PROGRAMS.

  • PALM BEACH ATLANTIC UNIVERSITY OFFERS HIGHER EDUCATION TO A TOTAL OF APPROXIMATELY 3,875 STUDENTS, ENCOMPASSING BOTH FULL-TIME AND PART-TIME STUDENTS, ACROSS ITS 69 UNDERGRADUATE, 16 GRADUATE, AND 2 PROFESSIONAL DEGREE PROGRAMS, AND ALSO PROVIDES A RANGE OF AUXILIARY SERVICES SUCH AS CONTINUING EDUCATION, STUDENT HOUSING, A DINING HALL, AND A BOOKSTORE, TO NAME A FEW. MOREOVER, THE UNIVERSITY EXTENDS FINANCIAL ASSISTANCE TO AROUND 2,819 STUDENTS, NOTING THAT THIS NUMBER MAY VARY FROM THE OVERALL STUDENT COUNT SINCE CERTAIN STUDENTS MAY RECEIVE MULTIPLE TYPES OF FINANCIAL AWARDS.

    Expenses $126,028,803 · Grants $45,350,705 · Revenue $123,152,074

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Cathleen Burk

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Chandra Bill-Rabenecker

    VICE-CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Dr James H Scroggins IV

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Ginger Bills

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Grace Kurian

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • James C Jenkins

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • James J Johnston

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • John W Little III Esquire

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Karl H Watson Jr

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Karl H Watson Sr

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Kim Elliot

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Mami Kisner

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Mark H Campbell

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Michael J Stevens

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Patrick C Koenig

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • R Marshall Jones

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Rev Walter B Arnold III

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Richard A Krause

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Robert Pacienza

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Sandy Rogers

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Sara McCan

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Scott G Hawkins Esq

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Steven G Scalici

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Susan Sorrell

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Terriel Byrd

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Thomas McCaffrey

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

  • Timothy Sotos

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Wayne W Cotton

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • William C Bradford

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Bernard Cueto

    VP, SPIRITUAL DEVELOPMENT(PREVIOUSLY)

    Total calculated
    $119,385
    From this org
    $111,804
    From related orgs
    $0
    Other
    $7,581
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $109,304
    Bonus
    $2,500
    Other
    $0
    Deferred
    $7,581
    Nontaxable benefits
    $0
    Filer's total
    $119,385

  • Bob Lutz

    VP STUDENT DEVELOPMENT (PREVIOUSLY)

    Total calculated
    $149,884
    From this org
    $139,319
    From related orgs
    $0
    Other
    $10,565
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $136,819
    Bonus
    $2,500
    Other
    $0
    Deferred
    $8,266
    Nontaxable benefits
    $2,299
    Filer's total
    $149,884

  • Cara Wald

    VP HUMAN RESOURCES

    Total calculated
    $191,196
    From this org
    $180,752
    From related orgs
    $0
    Other
    $10,444
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $178,252
    Bonus
    $2,500
    Other
    $0
    Deferred
    $10,444
    Nontaxable benefits
    $0
    Filer's total
    $191,196

  • Chelneca Templeton

    PROVOST, CAO(FORMERLY)

    Total calculated
    $203,812
    From this org
    $192,925
    From related orgs
    $0
    Other
    $10,887
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $190,425
    Bonus
    $2,500
    Other
    $0
    Deferred
    $10,887
    Nontaxable benefits
    $0
    Filer's total
    $203,812

  • Courtney Lovely

    DIRECTOR OF ATHLETICS

    Total calculated
    $160,197
    From this org
    $148,905
    From related orgs
    $0
    Other
    $11,292
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $146,405
    Bonus
    $2,500
    Other
    $0
    Deferred
    $8,505
    Nontaxable benefits
    $2,787
    Filer's total
    $160,197

  • Debra Schwinn

    PRESIDENT

    Total calculated
    $738,401
    From this org
    $719,500
    From related orgs
    $0
    Other
    $18,901
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $594,500
    Bonus
    $125,000
    Other
    $0
    Deferred
    $15,986
    Nontaxable benefits
    $2,915
    Filer's total
    $738,401

  • Laura Bishop

    EXEC. VP, ADVANCEMENT

    Total calculated
    $308,074
    From this org
    $291,766
    From related orgs
    $0
    Other
    $16,308
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $289,266
    Bonus
    $2,500
    Other
    $0
    Deferred
    $16,308
    Nontaxable benefits
    $0
    Filer's total
    $308,074

  • Nancy Brainard

    EXEC. VB ENROLLMENT

    Total calculated
    $211,695
    From this org
    $203,393
    From related orgs
    $0
    Other
    $8,302
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $200,893
    Bonus
    $2,500
    Other
    $0
    Deferred
    $7,802
    Nontaxable benefits
    $500
    Filer's total
    $211,695

  • Scott Barnes

    VP ITS

    Total calculated
    $205,240
    From this org
    $194,980
    From related orgs
    $0
    Other
    $10,260
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $192,480
    Bonus
    $2,500
    Other
    $0
    Deferred
    $10,060
    Nontaxable benefits
    $200
    Filer's total
    $205,240

  • Stacie Bowie

    EXEC. VP FINANCE & ADMIN/CFO

    Total calculated
    $281,007
    From this org
    $269,944
    From related orgs
    $0
    Other
    $11,063
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $267,444
    Bonus
    $2,500
    Other
    $0
    Deferred
    $11,063
    Nontaxable benefits
    $0
    Filer's total
    $281,007

  • Stephen Johnson

    PROVOST

    Total calculated
    $18,561
    From this org
    $17,430
    From related orgs
    $0
    Other
    $1,131
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $17,430
    Bonus
    $0
    Other
    $0
    Deferred
    $1,131
    Nontaxable benefits
    $0
    Filer's total
    $18,561

  • Steven Alderman

    CLO & GENERAL COUNSEL

    Total calculated
    $244,661
    From this org
    $230,698
    From related orgs
    $0
    Other
    $13,963
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $228,198
    Bonus
    $2,500
    Other
    $0
    Deferred
    $13,963
    Nontaxable benefits
    $0
    Filer's total
    $244,661

  • Brian Strow

    DEAN, BUSINESS SCHOOL

    Total calculated
    $196,789
    From this org
    $186,104
    From related orgs
    $0
    Other
    $10,685
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $186,104
    Bonus
    $0
    Other
    $0
    Deferred
    $10,685
    Nontaxable benefits
    $0
    Filer's total
    $196,789

  • Curtis Brown

    ASSOCIATE VP, CONSTRUCTION & DESIGN

    Total calculated
    $175,896
    From this org
    $167,375
    From related orgs
    $0
    Other
    $8,521
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $167,375
    Bonus
    $0
    Other
    $0
    Deferred
    $5,484
    Nontaxable benefits
    $3,037
    Filer's total
    $175,896

  • Dana Strachan

    DEAN, PHARMACY

    Total calculated
    $210,757
    From this org
    $197,298
    From related orgs
    $0
    Other
    $13,459
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $197,298
    Bonus
    $0
    Other
    $0
    Deferred
    $11,459
    Nontaxable benefits
    $2,000
    Filer's total
    $210,757

  • Michele Schneider

    ASSOCIATE VP & CONTROLLER

    Total calculated
    $177,253
    From this org
    $167,629
    From related orgs
    $0
    Other
    $9,624
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $167,629
    Bonus
    $0
    Other
    $0
    Deferred
    $9,624
    Nontaxable benefits
    $0
    Filer's total
    $177,253

  • Phil Tobin

    DEAN, HEALTH SCIENCES

    Total calculated
    $203,768
    From this org
    $189,847
    From related orgs
    $0
    Other
    $13,921
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $189,847
    Bonus
    $0
    Other
    $0
    Deferred
    $11,134
    Nontaxable benefits
    $2,787
    Filer's total
    $203,768

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 1a · Travel for companions
  • 1a · Housing allowance or residence for personal use
  • 1a · Health or social club dues or initiation fees
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 3 · Form 990 of other organizations
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 1A
THE UNIVERSITY COVERS OCCASIONAL TRAVEL EXPENSES FOR COMPANIONS, INCLUDING SPOUSES FOR BONA FIDE BUSINESS PURPOSES. THE UNIVERSITY ALSO PAYS 100% OF THE PRESIDENT'S SOCIAL CLUB DUES, WHICH ARE SOLELY FOR BUSINESS PURPOSES.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • BEGINNINGS OF PALM BEACH COUNTY INC

    C · CHILD CARE · FL · 100% owned · share of income -$126,172 · share of assets $2,007,373

  • D & L LAND INC

    C · RENTAL REAL ESTATE · FL · 100% owned · share of income $2,191 · share of assets $279,722

Provenance

Return type
form_990
Tax year
2023
Filed
15 May 2025
IRS schema version
2023v6.0
Source object
202541359349317104

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