Totals
- Total revenue
- $20,139,727
- Total expenses
- $21,326,502
- Contributions and grants received
- $4,895,134
- Grants paid
- $5,591,567
- Program service revenue
- $11,502,032
- Investment income
- $667,688
- Other revenue
- $3,074,873
- Total assets, end of year
- $46,351,578
- Total liabilities, end of year
- $11,532,091
- Net assets or fund balances, end of year
- $34,819,487
- Program services expenses (Part IX)
- $17,293,863
- Management and general expenses
- $3,605,560
- Fundraising expenses
- $427,079
- Program service expenses (Part III)
- $17,293,863
Program services were 81.1% 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.
-
1e · Government grants (contributions)
$2,243,890
-
1f · All other contributions, gifts and grants
$2,651,244
-
2a · Program service revenue: TUITION & FEES
total $9,576,627 · related or exempt $9,576,627
-
2b · Program service revenue: MISCELLANEOUS STUDENT CHARGES
total $1,530,173 · related or exempt $1,530,173
-
2c · Program service revenue: STUDENT ACTIVITY INCOME
total $395,232 · related or exempt $395,232
-
3 · Investment income
total $1,009,093 · excluded $1,009,093
-
6a · Gross rents
real property $1,871,796
-
6b · Less rental expenses
real property $0
-
6c · Rental income or loss
real property $1,871,796
-
6d · Net rental income or loss
total $1,871,796 · related or exempt $1,871,796
-
7a · Gross sales of assets other than inventory
securities $2,482,639
-
7b · Less cost or other basis and sales expenses
securities $2,824,044
-
7c · Gain or loss
securities -$341,405
-
7d · Net gain or loss
total -$341,405 · excluded -$341,405
-
10a · Gross sales of inventory
$65,765
-
10b · Cost of goods sold
$42,067
-
10c · Net income from sales of inventory
total $23,698 · related or exempt $23,698
-
11a · Other revenue: INSURANCE PROCEEDS
total $1,179,379 · excluded $1,179,379
-
11e · Other revenue, total
$1,179,379
Functional expenses
Part IX, the statement of functional expenses.
-
2 · Grants to domestic individuals
total $5,591,567 · program services $5,591,567
-
5 · Compensation of officers, directors and key employees
total $84,806 · program services $63,605 · management and general $14,417 · fundraising $6,784
-
7 · Other salaries and wages
total $5,529,936 · program services $4,400,323 · management and general $851,172 · fundraising $278,441
-
9 · Other employee benefits
total $651,093 · program services $478,011 · management and general $139,781 · fundraising $33,301
-
10 · Payroll taxes
total $346,253 · program services $296,541 · management and general $32,275 · fundraising $17,437
-
11c · Fees: accounting
total $60,000 · management and general $60,000
-
11g · Fees: other
total $630,445 · management and general $630,445
-
16 · Occupancy
total $652,510 · program services $618,317 · management and general $34,193
-
17 · Travel
total $558,093 · program services $509,305 · management and general $31,365 · fundraising $17,423
-
19 · Conferences, conventions and meetings
total $46,709 · program services $46,709
-
20 · Interest
total $743,129 · program services $416,656 · management and general $326,473
-
22 · Depreciation, depletion and amortization
total $782,247 · program services $625,798 · management and general $156,449
-
23 · Insurance
total $503,676 · program services $503,676
-
24a · Other expenses: REPAIR & MAINTENANCE
total $2,102,835 · program services $1,618,438 · management and general $484,397
-
24b · Other expenses: CONTRACT SERVICES
total $1,626,212 · program services $1,107,633 · management and general $464,167 · fundraising $54,412
-
24c · Other expenses: SUPPLIES EXPENSE
total $1,012,612 · program services $702,557 · management and general $290,774 · fundraising $19,281
-
24d · Other expenses: PRINTING & PUBLICATIONS
total $227,321 · program services $137,669 · management and general $89,652
-
24e · All other expenses
total $177,058 · program services $177,058
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $147,968 · end of year $189,489
-
2 · Savings and temporary cash investments
beginning of year $382,451 · end of year $375,439
-
3 · Pledges and grants receivable
beginning of year $1,050,806 · end of year $837,283
-
4 · Accounts receivable
beginning of year $491,590 · end of year $581,972
-
7 · Other notes and loans receivable
beginning of year $421,449 · end of year $322,134
-
8 · Inventories for sale or use
beginning of year $102,332 · end of year $108,123
-
9 · Prepaid expenses and deferred charges
beginning of year $70,651 · end of year $109,916
-
10a · Land, buildings and equipment: cost or other basis
$40,505,206
-
10b · Land, buildings and equipment: accumulated depreciation
$17,244,663
-
10c · Land, buildings and equipment, net
beginning of year $23,293,491 · end of year $23,260,543
-
11 · Investments: publicly traded securities
beginning of year $11,934,424 · end of year $11,794,728
-
12 · Investments: other securities
beginning of year $8,963,625 · end of year $8,130,881
-
15 · Other assets
beginning of year $641,070 · end of year $641,070
-
17 · Accounts payable and accrued expenses
beginning of year $610,541 · end of year $609,932
-
20 · Tax-exempt bond liabilities
beginning of year $7,936,250 · end of year $7,636,907
-
23 · Secured mortgages and notes payable
beginning of year $4,085,624 · end of year $2,647,936
-
25 · Other liabilities
beginning of year $530,718 · end of year $637,316
-
27 · Net assets without donor restrictions
beginning of year $15,302,129 · end of year $15,146,570
-
28 · Net assets with donor restrictions
beginning of year $19,034,595 · end of year $19,672,917
Mission and programs · 2024
Mission
THE UNIVERSITY PROVIDES POST SECONDARY EDUCATION TO INDIVIDUALS SEEKING A BACHELOR'S DEGREE FROM AN ACCREDITED UNIVERSITY OR A MASTER'S DEGREE IN EDUCATION OR LEADERSIHP THROUGH AN ONLINE PROGRAM.
Activities or mission (Part I)
PROVIDE POST SECONDARY EDUCATION TO STUDENTS IN VARIOUS FIELDS.THE UNIVERSITY IS A FOUR YEAR ACCREDITED POST SECONDARY EDUCATION INSTITUTION OFFERING BACHELOR'S DEGREES IN VARIOUS AREAS. THE UNIVERSITY OFFERS ON-SITE LEARNING AND PROVIDES HOUSING FOR MANY OF ITS STUDENTS. IN ADDITION, THE UNIVERSITY OFFERS MASTER'S DEGREES IN EDUCATION AND LEADERSHIP THROUGH AN INNOVATIVE GRADUATE ONLINE TRAINING PROGRAM.
-
POST SECONDARY EDUCATION FOR STUDENTS IN VARIOUS FIELDS. THE UNIVERSITY IS ACCREDITED TO AWARD BACHELOR DEGREES TO STUDENTS. CLASSES ARE HELD ON-CAMPUS BY THE UNIVERSITY. THE UNIVERSITY HAS AVAILABLE HOUSING AND FOOD SERVICES FOR STUDENTS. IN ADDITION, THE UNIVERSITY OFFERS MASTER'S DEGREES IN EDUCATION AND LEADERSHIP TO STUDENTS THROUGH AN INNOVATIVE GRADUATE ONLINE TRAINING PROGRAM.
Expenses $11,626,607 · Grants $5,591,567 · Revenue $13,397,526
-
INTERCOLLEGIATE ATHLETICS, INCLUDING SCHOLARSHIPS, SALARIES AND TRAVEL. AS A POST-SECONDARY INSTITUTION THE UNIVERSITY HAS INTERCOLLEGIATE ATHLETIC TEAMS THAT COMPETE WITH OTHER INSTITUTIONS. THE ATHLETIC PROGRAM OFFERS ATHLETIC SCHOLARSHIPS TO VARIOUS INDIVIDUALS. COACHES OF THE ATHLETIC TEAMS ARE SALARIED. TRAVEL DIRECTLY RELATED TO COMPETITIONS IS PAID BY THE UNIVERSITY.
Expenses $5,199,471
-
LIBRARY & AUDIO VISUAL TO SUPPORT EDUCATIONAL FUNCTION. AS PART OF ITS ACADEMIC PROCESSES, THE UNIVERSITY MAINTAINS LIBRARY AND AUDIO-VISUAL SERVICES TO ITS STUDENTS.
Expenses $467,785
As filed on the 2024 return.
Listed in Part VII
-
R Wayne WhiteR WAYNE WHITE
CHAIRMAN
- Total calculated
- $0
- Hours/week
- 5
-
Richard JamesRICHARD JAMES
VICE CHAIRMAN
- Total calculated
- $0
- Hours/week
- 5
-
Christine EggarCHRISTINE EGGAR
SECRETARY
- Total calculated
- $0
- Hours/week
- 5
-
Joe BrazellJOE BRAZELL
TREASURER
- Total calculated
- $0
- Hours/week
- 5
-
Scott M AbrahamSCOTT M ABRAHAM
TRUSTEE
- Total calculated
- $0
- Hours/week
- 5
-
Michael C ArmourMICHAEL C ARMOUR
TRUSTEE
- Total calculated
- $0
- Hours/week
- 5
-
John T EdmersonJOHN T EDMERSON
TRUSTEE
- Total calculated
- $0
- Hours/week
- 5
-
Aaron G FletcherAARON G FLETCHER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 5
-
Karen E GarnerKAREN E GARNER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 5
-
Jeffrey W HannelJEFFREY W HANNEL
TRUSTEE
- Total calculated
- $0
- Hours/week
- 5
-
Justin HarroldJUSTIN HARROLD
TRUSTEE
- Total calculated
- $0
- Hours/week
- 5
-
Patrick W HendricksPATRICK W HENDRICKS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 3
-
Kimberly M HoytKIMBERLY M HOYT
TRUSTEE
- Total calculated
- $0
- Hours/week
- 5
-
Conay L HuizarCONAY L HUIZAR
TRUSTEE
- Total calculated
- $0
- Hours/week
- 5
-
Chester M JamesCHESTER M JAMES
TRUSTEE
- Total calculated
- $0
- Hours/week
- 5
-
Marilyn S LocusMARILYN S LOCUS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 5
-
Bryan C PhillipsBRYAN C PHILLIPS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 5
-
Amanda K RatheAMANDA K RATHE
TRUSTEE
- Total calculated
- $0
- Hours/week
- 5
-
Benjamin M SmailBENJAMIN M SMAIL
TRUSTEE
- Total calculated
- $0
- Hours/week
- 5
-
Carolyn R StephensonCAROLYN R STEPHENSON
TRUSTEE
- Total calculated
- $0
- Hours/week
- 5
-
Charles B StephensonCHARLES B STEPHENSON
TRUSTEE
- Total calculated
- $0
- Hours/week
- 5
-
Linda J ThomasLINDA J THOMAS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 5
-
Charlie J WattsCHARLIE J WATTS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 5
-
Kimberly K WilliamsKIMBERLY K WILLIAMS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 5
-
Jared StarkJARED STARK
INTERIM PRESIDENT
- Total calculated
- $84,806
- From this org
- $84,806
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
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.
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 30 January 2026
- IRS schema version
- 2024v5.5
- Source object
- 202630309349300103
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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