Form 990 for tax year 2024

Filed by ANDERSON UNIVERSITY INC.

Totals

Total revenue: $61,014,638
Total expenses: $68,167,577
Contributions and grants received: $5,407,014
Grants paid: $22,740,445
Program service revenue: $51,151,463
Investment income: $4,049,429
Other revenue: $406,732
Total assets, end of year: $122,521,597
Total liabilities, end of year: $48,924,097
Net assets or fund balances, end of year: $73,597,500
Program services expenses (Part IX): $58,939,621
Management and general expenses: $8,188,184
Fundraising expenses: $1,039,772
Program service expenses (Part III): $58,939,621

Program services were 86.5% 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.

1d · Related organizations

$8,328
1e · Government grants (contributions)

$988,226
1f · All other contributions, gifts and grants

$4,410,460
1g · Noncash contributions included above

$621,237
2a · Program service revenue: TUITION & FEES

total $37,474,488 · related or exempt $37,474,488
2b · Program service revenue: AUXILIARY SERVICES

total $9,477,698 · related or exempt $9,477,698
2c · Program service revenue: OTHER

total $4,199,277 · related or exempt $4,199,277
2f · All other program service revenue

total $0 · related or exempt $0 · unrelated business $0 · excluded $0
3 · Investment income

total $747,540 · excluded $747,540
6a · Gross rents

real property $72,495
6b · Less rental expenses

real property $82,460
6c · Rental income or loss

real property -$9,965 · personal property $0
6d · Net rental income or loss

total -$9,965 · excluded -$9,965
7a · Gross sales of assets other than inventory

securities $8,092,767 · other assets $978,004
7b · Less cost or other basis and sales expenses

securities $5,768,882
7c · Gain or loss

securities $2,323,885 · other assets $978,004
7d · Net gain or loss

total $3,301,889 · excluded $3,301,889
11a · Other revenue: FINANCE CHARGES

total $408,364 · excluded $408,364
11b · Other revenue: INSURANCE PROCEEDS

total $8,333 · excluded $8,333
11d · All other revenue

total $0 · related or exempt $0 · unrelated business $0 · excluded $0
11e · Other revenue, total

$416,697

Functional expenses

Part IX, the statement of functional expenses.

1 · Grants to domestic organizations and governments

total $0 · program services $0
2 · Grants to domestic individuals

total $22,740,445 · program services $22,740,445
3 · Grants to foreign organizations and individuals

total $0 · program services $0
4 · Benefits paid to or for members

total $0 · program services $0
5 · Compensation of officers, directors and key employees

total $960,427 · program services $0 · management and general $827,113 · fundraising $133,314
7 · Other salaries and wages

total $15,055,466 · program services $12,659,176 · management and general $1,993,217 · fundraising $403,073
8 · Pension plan contributions

total $194,653 · program services $153,856 · management and general $34,278 · fundraising $6,519
9 · Other employee benefits

total $2,781,191 · program services $2,198,290 · management and general $489,756 · fundraising $93,145
10 · Payroll taxes

total $1,034,161 · program services $817,415 · management and general $182,111 · fundraising $34,635
11a · Fees: management

total $0 · program services $0
11b · Fees: legal

total $74,700 · program services $16,889 · management and general $57,811
11c · Fees: accounting

total $109,980 · management and general $109,980
11d · Fees: lobbying

total $1,472 · program services $0 · management and general $1,472
11f · Fees: investment management

total $66,053 · program services $0 · management and general $66,053
11g · Fees: other

total $1,519,338 · program services $729,077 · management and general $727,289 · fundraising $62,972
12 · Advertising and promotion

total $68,175 · program services $25,388 · management and general $32,484 · fundraising $10,303
13 · Office expenses

total $468,885 · program services $206,772 · management and general $240,590 · fundraising $21,523
14 · Information technology

total $970,461 · program services $210,925 · management and general $701,609 · fundraising $57,927
15 · Royalties

total $0 · program services $0
16 · Occupancy

total $2,104,542 · program services $1,792,093 · management and general $304,073 · fundraising $8,376
17 · Travel

total $877,052 · program services $834,667 · management and general $33,978 · fundraising $8,407
18 · Travel or entertainment for public officials

total $0 · program services $0
19 · Conferences, conventions and meetings

total $0 · program services $0
20 · Interest

total $2,084,414 · program services $1,649,073 · management and general $380,389 · fundraising $54,952
21 · Payments to affiliates

total $0 · program services $0
22 · Depreciation, depletion and amortization

total $2,960,430 · program services $2,318,708 · management and general $632,866 · fundraising $8,856
23 · Insurance

total $507,257 · program services $235,555 · management and general $271,702
24a · Other expenses: Maintenance Repair And Replacement

total $468,616 · program services $390,550 · management and general $74,230 · fundraising $3,836
24b · Other expenses: Contract Auxiliary Services

total $7,074,963 · program services $7,074,963
24c · Other expenses: Dues & Subsciptions

total $273,188 · program services $151,254 · management and general $116,020 · fundraising $5,914
24d · Other expenses: Miscellaneous

total $5,771,708 · program services $4,734,525 · management and general $911,163 · fundraising $126,020
24e · All other expenses

total $0 · program services $0 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

1 · Cash, non-interest-bearing

beginning of year $38,779 · end of year $27,750
2 · Savings and temporary cash investments

beginning of year $11,006,760 · end of year $11,580,088
3 · Pledges and grants receivable

beginning of year $2,132,612 · end of year $2,211,164
4 · Accounts receivable

beginning of year $5,340,102 · end of year $5,011,239
5 · Loans and receivables from officers and key people

beginning of year $0 · end of year $0
6 · Loans and receivables from disqualified persons

beginning of year $0 · end of year $0
7 · Other notes and loans receivable

beginning of year $21,306,183 · end of year $20,964,955
9 · Prepaid expenses and deferred charges

beginning of year $215,265 · end of year $35,270
10a · Land, buildings and equipment: cost or other basis

$114,986,562
10b · Land, buildings and equipment: accumulated depreciation

$75,655,178
10c · Land, buildings and equipment, net

beginning of year $45,338,570 · end of year $39,331,384
11 · Investments: publicly traded securities

beginning of year $35,660,454 · end of year $31,246,943
12 · Investments: other securities

beginning of year $4,930,451 · end of year $5,298,781
13 · Investments: program-related

beginning of year $0
15 · Other assets

beginning of year $4,786,100 · end of year $6,814,023
17 · Accounts payable and accrued expenses

beginning of year $4,745,177 · end of year $5,349,099
19 · Deferred revenue

beginning of year $2,205,606 · end of year $2,500,887
20 · Tax-exempt bond liabilities

beginning of year $31,285,809 · end of year $29,974,470
22 · Loans and payables to officers and key people

beginning of year $0 · end of year $0
23 · Secured mortgages and notes payable

beginning of year $7,500,000 · end of year $7,500,000
24 · Unsecured notes and loans payable

beginning of year $75,963 · end of year $78,363
25 · Other liabilities

beginning of year $3,512,036 · end of year $3,521,278
27 · Net assets without donor restrictions

beginning of year $37,569,408 · end of year $32,801,409
28 · Net assets with donor restrictions

beginning of year $43,861,277 · end of year $40,796,091

Mission and programs · 2024

Mission

The mission of Anderson University is to educate for a life of faith and service in the church and society. Established and sustained within the free and open traditions of the Church of God, this university is committed to being a teaching-learning community of the highest order, engaged in the pursuit of truth from a Christian faith perspective. Through academic and Christian discovery, we intend to graduate people with a global perspective who are competent, caring, creative, generous individuals of character and potential. We will build those quality programs that will enable each member of the university to become stronger in body, mind, and spirit, to experience what it means to love God and neighbor, and to adopt Christ like servant ways in all of life. The mission statement and supporting statements were adopted by the Board of Trustees in 2007.

Activities or mission (Part I)

To educate persons for a life of faith and service in the church and society

Higher education: General educational activities serving 1,153 students during the 2023-24 school year. AU students benefit from the expertise of 81 full-time and 84 part-time faculty members. Anderson University continues to be recognized as one of America's top colleges by US News & World Report and Colleges of Distinction. Three of the university's programs received "badges of distinction": Business, Education, and Nursing. The University has long had a strong undergraduate liberal arts curriculum. The University's MBA, Master's in Christian Ministry, and Master of Divinity programs are also offered through online/hybrid classes.

Expenses $56,230,458 · Grants $22,740,445 · Revenue $41,673,765
Higher education: Auxiliary enterprise primarily involving residence halls, food services, Student Health Services, Mail Center, and bookstore activities supporting the educational program. We believe that on-campus living is an integral part of the college experience. In our residence halls, we are committed to offering not only a safe and comfortable place to live, but also an environment that promises to both challenge and support our students as they grow physically, academically, socially, and spiritually. Anderson University Food Services provides friendly service and great variety in four different locations across campus: The Marketplace, Raven's Haven, Create, and Mocha Joe's. Student Health Services provides medical assistance to students and is operated by Community Health Network.

Expenses $2,709,163 · Revenue $9,477,698

As filed on the 2024 return.

Listed in Part VII

Jay B Ricker

Vice Chair

Total calculated

$0

Hours/week

1
John Pistole

President

Total calculated

$261,786

From this org

$209,755

From related orgs

$0

Other

$52,031

Hours/week

35

Schedule J breakdown matched by us

Base

$207,531

Bonus

$0

Other

$2,224

Deferred

$25,112

Nontaxable benefits

$26,919

Filer's total

$261,786
Rev Doug Tally

Chair

Total calculated

$0

Hours/week

1
Beth S Tharp

TRUSTEE

Total calculated

$0

Hours/week

1
Charles R Carroll

TRUSTEE

Total calculated

$0

Hours/week

1
Donna A Harman

TRUSTEE

Total calculated

$0

Hours/week

1
Dr Thomas J Snyder

TRUSTEE

Total calculated

$0

Hours/week

1
Guy F Perry

TRUSTEE

Total calculated

$0

Hours/week

1
James W Ostrognai

TRUSTEE

Total calculated

$0

Hours/week

1
Kimberly Johnson

TRUSTEE

Total calculated

$0

Hours/week

1
Kyle M Schoeder

TRUSTEE

Total calculated

$0

Hours/week

1
Mary E Jamerson

TRUSTEE

Total calculated

$0

Hours/week

1
Mitchell Benbow

TRUSTEE

Total calculated

$0

Hours/week

1
PhD Priscilla Archangel

TRUSTEE

Total calculated

$0

Hours/week

1
Rev Charles J Myricks Jr

TRUSTEE

Total calculated

$0

Hours/week

1
Rev Deidre D Franklin

TRUSTEE

Total calculated

$0

Hours/week

1
Rev Erin M Taylor

TRUSTEE

Total calculated

$0

Hours/week

1
Rev Jessica S Uitvlugt

TRUSTEE

Total calculated

$0

Hours/week

1
Rev Mark S Krenz

TRUSTEE

Total calculated

$0

Hours/week

1
Rev Martin D Grubbs

TRUSTEE

Total calculated

$0

Hours/week

1
Rev Nabil F Safi

TRUSTEE

Total calculated

$0

Hours/week

1
Rev Steve L Rennick

TRUSTEE

Total calculated

$0

Hours/week

1
Robrt C Byers

TRUSTEE

Total calculated

$0

Hours/week

1
Steven R Davis

TRUSTEE

Total calculated

$0

Hours/week

1
Brent Baker

VP Advancement and Secretary

Total calculated

$133,314

From this org

$120,078

From related orgs

$0

Other

$13,236

Hours/week

35
Courtney Taylor

Provost and VP of Corporation

Total calculated

$132,761

From this org

$118,973

From related orgs

$0

Other

$13,788

Hours/week

35
Lara Mann

VP for Enrollment and Marketing

Total calculated

$165,374

From this org

$147,338

From related orgs

$0

Other

$18,036

Hours/week

35

Schedule J breakdown matched by us

Base

$122,338

Bonus

$25,000

Other

$0

Deferred

$17,536

Nontaxable benefits

$500

Filer's total

$165,374
Mischon Hart

VP MARKETING AND COMMUNICATION

Total calculated

$112,448

From this org

$98,819

From related orgs

$0

Other

$13,629

Hours/week

35
Ronda Reemer

Assistant Secretary

Total calculated

$46,266

From this org

$45,816

From related orgs

$0

Other

$450

Hours/week

35
Suahil Housholder

VP for Finance and Treasurer

Total calculated

$135,396

From this org

$122,160

From related orgs

$0

Other

$13,236

Hours/week

35

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 · 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 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)

Schedule J, Part I, Line 1a Housing allowance or residence for personal use: As a condition of employment, and as a convenience to the University, a campus residence is provided to the President in office. The home is provided as a nontaxable benefit to the President.
Schedule J, Part I, Line 1a Health or social club dues or initiation fees: Local country club membership is provided for the President's business use. Use for bona fide business purposes is not considered taxable income.

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.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

INDEPENDENT COLLEGES OF INDIANA INC

501(c)(3) · EDUCATION · IN

Directly controlled by NA

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.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

ANDERSON UNIVERSITY PROPERTIES LLC

PROPERTY HOLDING · IN · income $97,155 · assets $4,607,038

Directly controlled by ANDERSON UNIVERSITY
ANDERSON UNIVERSITY CENTER FOR SECURITY STUDIES AND CYBER DEFENSE LLC

CYBERSECURITY · IN · income $63,515 · assets $224,211

Directly controlled by ANDERSON UNIVERSITY

Related corporations and trusts

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

CHARITABLE REMAINDER UNITRUST (15)

TRUST · IN · controlled entity

Directly controlled by ANDERSON UNIVERSITY

Provenance

Return type: form_990
Tax year: 2024
Filed: 8 April 2026
IRS schema version: 2024v5.1
Source object: 202630989349301243

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