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Nonprofiteer
← ALDERSON BROADDUS UNIVERSITY INC

Form 990 for tax year 2025

Filed by ALDERSON BROADDUS UNIVERSITY INC.

Totals

Total revenue
-$6,797,510
Total expenses
$2,775,059
Contributions and grants received
$14,674
Grants paid
$0
Program service revenue
$0
Investment income
-$6,812,318
Other revenue
$134
Total assets, end of year
$0
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$0
Program services expenses (Part IX)
$2,775,059
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$2,775,059

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

    $14,674

  • 3 · Investment income

    total $1,000 · related or exempt $1,000

  • 5 · Royalties

    total $134 · related or exempt $134

  • 7a · Gross sales of assets other than inventory

    securities $47,227

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

    securities $6,860,545

  • 7c · Gain or loss

    securities -$6,813,318

  • 7d · Net gain or loss

    total -$6,813,318 · related or exempt -$6,813,318

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $110,671 · program services $110,671

  • 10 · Payroll taxes

    total $8,466 · program services $8,466

  • 11c · Fees: accounting

    total $36,848 · program services $36,848

  • 13 · Office expenses

    total $22,010 · program services $22,010

  • 23 · Insurance

    total $1,079 · program services $1,079

  • 24a · Other expenses: WRITE OFF REMAINING A/R

    total $2,373,381 · program services $2,373,381

  • 24b · Other expenses: EVIRONMENTAL CLAIM

    total $119,204 · program services $119,204

  • 24c · Other expenses: PENALTY

    total $56,000 · program services $56,000

  • 24d · Other expenses: TERMINATION FEE

    total $47,400 · program services $47,400

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,685,496

  • 4 · Accounts receivable

    beginning of year $2,375,569

  • 12 · Investments: other securities

    beginning of year $4,955,380

  • 15 · Other assets

    beginning of year $1,906,641

  • 17 · Accounts payable and accrued expenses

    beginning of year $3,340,214

  • 19 · Deferred revenue

    beginning of year $1,543,574

  • 23 · Secured mortgages and notes payable

    beginning of year $3,425,838

  • 25 · Other liabilities

    beginning of year $30,468,349

  • 27 · Net assets without donor restrictions

    beginning of year -$27,854,889

Mission and programs · 2025

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 $2,775,059

As filed on the 2025 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.

Assets distributed on this return

Schedule N, as filed: what the organization did with its assets when it liquidated or dissolved, or disposed of more than a quarter of them, and who received them. A recipient with an EIN is usually a successor organization; filers also list expenses such as legal fees here.

This return attached Schedule N but itemized no distributions.

Provenance

Return type
form_990
Tax year
2025
Filed
18 May 2026
IRS schema version
2025v4.0
Source object
202631539349301608

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