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Nonprofiteer
← AVERETT UNIVERSITY

Form 990 for tax year 2023

Filed by AVERETT UNIVERSITY.

Totals

Total revenue
$54,255,552
Total expenses
$63,574,928
Contributions and grants received
$3,904,008
Grants paid
$22,263,438
Program service revenue
$48,188,190
Investment income
$605,962
Other revenue
$1,557,392
Total assets, end of year
$68,836,187
Total liabilities, end of year
$33,163,536
Net assets or fund balances, end of year
$35,672,651
Program services expenses (Part IX)
$51,787,084
Management and general expenses
$10,245,053
Fundraising expenses
$1,542,791
Program service expenses (Part III)
$51,787,084

Program services were 81.5% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • Dr Annie P Wimbish

    CHAIRPERSON

    Total calculated
    $0
    Hours/week
    0

  • Emma Maddux Kozlowski

    VICE CHAIRPERSON

    Total calculated
    $0
    Hours/week
    0

  • Jessie Barksdale

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0

  • Jan GF Barnett

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0

  • Ellen E Beville

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0

  • Ms Kirk Bidgood

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0

  • Dr Lenora Billings-Harris

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0

  • Brenda Bowman

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0

  • Rev Dr Richard Brown

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0

  • Rev Dr Daniel Carlton

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0

  • Bradley Cohen

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0

  • Sarah L Collie

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0

  • Gary W Collins

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0

  • Mark Gignac

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0

  • Linda Green

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0

  • John Herndon Jr

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0

  • Starlette Johnson

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0

  • Michael E Keck

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0

  • Hayward Majors

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0

  • Brandon Potter

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0

  • Toni Rice

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0

  • Dr Mary M G Riddle

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0

  • Dr Calvin R Snowden

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0

  • Deborah W Upton

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0

  • Christopher E West

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0

  • L Hampton Wilkins

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0

  • Kris Willard

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0

  • Todd McGregor Yeatts

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0

  • Dr Tiffany Franks

    President

    Total calculated
    $349,120
    From this org
    $321,845
    From related orgs
    $0
    Other
    $27,275
    Hours/week
    1

    Schedule J breakdown matched by us

    Base
    $321,845
    Bonus
    $0
    Other
    $0
    Deferred
    $19,650
    Nontaxable benefits
    $7,625
    Filer's total
    $349,120

  • Don Aungst

    Former VP Finance/COO

    Total calculated
    $277,434
    From this org
    $246,977
    From related orgs
    $0
    Other
    $30,457
    Hours/week
    1

    Schedule J breakdown matched by us

    Base
    $246,977
    Bonus
    $0
    Other
    $0
    Deferred
    $15,454
    Nontaxable benefits
    $15,003
    Filer's total
    $277,434

  • Michael Boehm

    CIO

    Total calculated
    $208,023
    From this org
    $179,140
    From related orgs
    $0
    Other
    $28,883
    Hours/week
    1

    Schedule J breakdown matched by us

    Base
    $174,140
    Bonus
    $5,000
    Other
    $0
    Deferred
    $10,422
    Nontaxable benefits
    $18,461
    Filer's total
    $208,023

  • Lee Beaumont

    VP Admissions

    Total calculated
    $200,435
    From this org
    $176,928
    From related orgs
    $0
    Other
    $23,507
    Hours/week
    1

    Schedule J breakdown matched by us

    Base
    $176,928
    Bonus
    $0
    Other
    $0
    Deferred
    $9,700
    Nontaxable benefits
    $13,807
    Filer's total
    $200,435

  • Melissa Wohlstein

    VP Advancement

    Total calculated
    $207,341
    From this org
    $177,702
    From related orgs
    $0
    Other
    $29,639
    Hours/week
    1

    Schedule J breakdown matched by us

    Base
    $177,702
    Bonus
    $0
    Other
    $0
    Deferred
    $11,178
    Nontaxable benefits
    $18,461
    Filer's total
    $207,341

  • Venita Mitchell

    VP Student Engagement

    Total calculated
    $152,891
    From this org
    $133,434
    From related orgs
    $0
    Other
    $19,457
    Hours/week
    1

    Schedule J breakdown matched by us

    Base
    $133,434
    Bonus
    $0
    Other
    $0
    Deferred
    $8,400
    Nontaxable benefits
    $11,057
    Filer's total
    $152,891

  • Megan Stevens

    VP of Athletics

    Total calculated
    $129,050
    From this org
    $114,335
    From related orgs
    $0
    Other
    $14,715
    Hours/week
    1

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
  • 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

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.

Provenance

Return type
form_990
Tax year
2023
Filed
15 May 2025
IRS schema version
2023v6.0
Source object
202511359349308406

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