Skip to content
Nonprofiteer
← ALDERSON BROADDUS UNIVERSITY INC

Form 990 for tax year 2024

Filed by ALDERSON BROADDUS UNIVERSITY INC.

Totals

Total revenue
$147,560
Total expenses
$47,880
Contributions and grants received
$13,895
Grants paid
$0
Program service revenue
$30
Investment income
$133,069
Other revenue
$566
Total assets, end of year
$10,923,086
Total liabilities, end of year
$38,777,975
Net assets or fund balances, end of year
-$27,854,889
Program services expenses (Part IX)
$47,880
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$47,880

Program services were 100.0% 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.

  • 1f · All other contributions, gifts and grants

    $13,895

  • 2a · Program service revenue: ALL OTHER PROGRAM SERVICE REV

    total $30 · related or exempt $30

  • 3 · Investment income

    total $133,069 · related or exempt $133,069

  • 5 · Royalties

    total $566 · related or exempt $566

Functional expenses

Part IX, the statement of functional expenses.

  • 11c · Fees: accounting

    total $8,161 · program services $8,161

  • 13 · Office expenses

    total $22,563 · program services $22,563

  • 16 · Occupancy

    total $17,156 · program services $17,156

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $727,247 · end of year $1,685,496

  • 4 · Accounts receivable

    beginning of year $2,626,557 · end of year $2,375,569

  • 12 · Investments: other securities

    beginning of year $5,285,657 · end of year $4,955,380

  • 15 · Other assets

    beginning of year $2,405,715 · end of year $1,906,641

  • 17 · Accounts payable and accrued expenses

    beginning of year $3,340,213 · end of year $3,340,214

  • 19 · Deferred revenue

    beginning of year $1,543,574 · end of year $1,543,574

  • 23 · Secured mortgages and notes payable

    beginning of year $3,425,838 · end of year $3,425,838

  • 25 · Other liabilities

    beginning of year $30,690,120 · end of year $30,468,349

  • 27 · Net assets without donor restrictions

    beginning of year -$27,954,569 · end of year -$27,854,889

Mission and programs · 2024

Mission

SERVE THE REGION AS AN ACADEMIC, CULTURAL AND RELIGIOUS RESOURCE THROUGH PROGRAMS BASED ON A STRONG, LIBERAL ARTS FOUNDATION.

  • PROVIDED HIGHER EDUCATION COLLEGE LEVEL LEARNING OPPORTUNITIES TO STUDENTS.

    Expenses $47,880

As filed on the 2024 return.

Listed in Part VII

  • OFFICER AND DIRECTOR COMP

    VARIOUS

    Total calculated
    $0

  • ANDREA J BUCKLEW

    VP EDUC & PR

    Total calculated
    $0

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.

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.

Provenance

Return type
form_990
Tax year
2024
Filed
26 September 2025
IRS schema version
2024v5.0
Source object
202502769349300900

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.