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Nonprofiteer
← ANDERSON UNIVERSITY

Form 990 for tax year 2022

Filed by ANDERSON UNIVERSITY.

Totals

Total revenue
$131,165,523
Total expenses
$131,898,208
Contributions and grants received
$9,365,777
Grants paid
$46,343,964
Program service revenue
$120,973,018
Investment income
$723,779
Other revenue
$102,949
Total assets, end of year
$267,973,189
Total liabilities, end of year
$104,666,463
Net assets or fund balances, end of year
$163,306,726
Program services expenses (Part IX)
$116,914,485
Management and general expenses
$13,255,939
Fundraising expenses
$1,727,784
Program service expenses (Part III)
$116,914,485

Program services were 88.6% 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.

  • 1c · Fundraising events

    $61,824

  • 1d · Related organizations

    $1,415,716

  • 1e · Government grants (contributions)

    $1,090,776

  • 1f · All other contributions, gifts and grants

    $6,797,461

  • 1g · Noncash contributions included above

    $108,885

  • 2a · Program service revenue: Student Instruction

    total $100,796,412 · related or exempt $100,796,412

  • 2b · Program service revenue: Auxiliary Enterprises

    total $18,982,178 · related or exempt $18,982,178

  • 2f · All other program service revenue

    total $1,194,428 · related or exempt $1,194,428 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $2,019,087 · excluded $2,019,087

  • 5 · Royalties

    total $12,830 · excluded $12,830

  • 6a · Gross rents

    real property $67,896

  • 6b · Less rental expenses

    real property $40,945

  • 6c · Rental income or loss

    real property $26,951 · personal property $0

  • 6d · Net rental income or loss

    total $26,951 · excluded $26,951

  • 7a · Gross sales of assets other than inventory

    securities $23,018,213 · other assets $5,108

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

    securities $24,261,146 · other assets $57,483

  • 7c · Gain or loss

    securities -$1,242,933 · other assets -$52,375

  • 7d · Net gain or loss

    total -$1,295,308 · excluded -$1,295,308

  • 8a · Fundraising events: gross income

    $28,676

  • 8a · Fundraising events: contributions included on line 1c

    $61,824

  • 8b · Fundraising events: direct expenses

    $38,846

  • 8c · Net income from fundraising events

    total -$10,170 · excluded -$10,170

  • 11a · Other revenue: Sponsorships

    total $44,538 · unrelated business $44,538

  • 11b · Other revenue: Advertising

    total $28,800 · unrelated business $28,800

  • 11d · All other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $73,338

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $46,343,964 · program services $46,343,964

  • 5 · Compensation of officers, directors and key employees

    total $2,258,656 · program services $248,059 · management and general $1,757,737 · fundraising $252,860

  • 6 · Compensation of disqualified persons

    total $295,491 · program services $245,903 · fundraising $49,588

  • 7 · Other salaries and wages

    total $35,210,075 · program services $31,737,720 · management and general $2,863,198 · fundraising $609,157

  • 8 · Pension plan contributions

    total $2,417,397 · program services $2,079,604 · management and general $297,860 · fundraising $39,933

  • 9 · Other employee benefits

    total $4,345,034 · program services $3,549,330 · management and general $720,808 · fundraising $74,896

  • 10 · Payroll taxes

    total $2,283,323 · program services $1,988,692 · management and general $243,379 · fundraising $51,252

  • 11b · Fees: legal

    total $125,574 · management and general $125,574

  • 11c · Fees: accounting

    total $101,273 · management and general $101,273

  • 11e · Fees: professional fundraising services

    total $76,221 · fundraising $76,221

  • 11f · Fees: investment management

    total $226,392 · management and general $226,392

  • 11g · Fees: other

    total $6,479,874 · program services $5,629,204 · management and general $785,935 · fundraising $64,735

  • 12 · Advertising and promotion

    total $2,359,801 · program services $25,698 · management and general $2,332,174 · fundraising $1,929

  • 13 · Office expenses

    total $1,463,397 · program services $1,086,625 · management and general $312,158 · fundraising $64,614

  • 14 · Information technology

    total $3,752,366 · program services $3,344,649 · management and general $329,334 · fundraising $78,383

  • 16 · Occupancy

    total $7,892,059 · program services $7,052,628 · management and general $724,318 · fundraising $115,113

  • 17 · Travel

    total $1,816,518 · program services $1,708,730 · management and general $107,788

  • 20 · Interest

    total $2,844,121 · program services $2,535,091 · management and general $249,620 · fundraising $59,410

  • 22 · Depreciation, depletion and amortization

    total $8,248,889 · program services $7,247,136 · management and general $831,915 · fundraising $169,838

  • 23 · Insurance

    total $536,514 · program services $63,445 · management and general $473,069

  • 24a · Other expenses: Bad Debt Expense

    total $85,836 · management and general $85,836

  • 24e · All other expenses

    total $2,735,433 · program services $2,028,007 · management and general $687,571 · fundraising $19,855

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $4,119,821 · end of year $6,425,741

  • 2 · Savings and temporary cash investments

    beginning of year $63,880,761 · end of year $43,228,408

  • 3 · Pledges and grants receivable

    beginning of year $5,432,276 · end of year $7,054,323

  • 4 · Accounts receivable

    beginning of year $10,284,907 · end of year $5,462,502

  • 5 · Loans and receivables from officers and key people

    end of year $0

  • 6 · Loans and receivables from disqualified persons

    end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $679,444 · end of year $817,868

  • 10a · Land, buildings and equipment: cost or other basis

    $205,332,166

  • 10b · Land, buildings and equipment: accumulated depreciation

    $61,499,559

  • 10c · Land, buildings and equipment, net

    beginning of year $127,003,945 · end of year $143,832,607

  • 11 · Investments: publicly traded securities

    beginning of year $36,580,059 · end of year $36,727,454

  • 12 · Investments: other securities

    beginning of year $15,196,140 · end of year $16,119,368

  • 13 · Investments: program-related

    beginning of year $1,232,492 · end of year $381,934

  • 15 · Other assets

    beginning of year $5,464,135 · end of year $7,922,984

  • 17 · Accounts payable and accrued expenses

    beginning of year $7,969,463 · end of year $9,940,380

  • 19 · Deferred revenue

    beginning of year $4,381,944 · end of year $4,767,164

  • 20 · Tax-exempt bond liabilities

    beginning of year $22,306,901 · end of year $20,812,962

  • 21 · Escrow or custodial account liability

    beginning of year $195,530 · end of year $346,862

  • 22 · Loans and payables to officers and key people

    end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $65,402,404 · end of year $64,432,817

  • 25 · Other liabilities

    beginning of year $5,620,995 · end of year $4,366,278

  • 27 · Net assets without donor restrictions

    beginning of year $122,783,834 · end of year $119,078,610

  • 28 · Net assets with donor restrictions

    beginning of year $41,212,909 · end of year $44,228,116

Mission and programs · 2022

Mission

Anderson University is an academic community, affiliated with the South Carolina Baptist Convention, providing a challenging education grounded in the liberal arts, enhanced by professional and graduate programs and a co-curricular focus on the development of character, servant leadership, and cultural engagement. This is a diverse community that is Christ-centered, people-focused, student-oriented, quality-driven, and future-directed.

Activities or mission (Part I)

Anderson University is an academic community affiliated with the SC Baptist Convention.

  • The University is a comprehensive university affiliated with the South Carolina Baptist Convention offering bachelors, masters, and doctorate degrees. Located on approximately 387 acres in the upstate region of South Carolina near the foothills of the Appalachians, the University features a rigorous education in a supportive Christian atmosphere. The main sources of revenue are tuition, fee, and auxiliary enterprise income as well as contributions from the public. ACADEMIC PROGRAM The Organization offers 62 baccalaureate majors, 39 major-embedded concentrations, as well as 48 minors and three undergraduate certificates. The Organization also offers 15 master degrees and 7 graduate certificate programs in the fields of business, Christian studies, criminal justice, education, music education, nursing, and pathology. At the post-master's level, the Organization offers an Ed.S. in Educational Systems Administration and 8 doctoral programs: Doctor of Ministry (two), Doctor of Nursing Practice, Doctor of Physical Therapy, Doctor of Philosophy in Leadership, Doctor of Philosophy in Preaching, and Doctor of Education (two). HIGHLIGHTS OF THE 2022-2023 FISCAL YEAR Anderson University Receives Highest U.S. News & World Report Rank in its History - The University is the 26th best institution of higher learning in the south after rising 18 spots in the latest rankings published by U.S. News & World Report In addition, the University is ranked #18 among "Best Value Schools" as U.S. News & World Report released the 2022-2023 edition. Anderson University Again Named to The Great Colleges to Work For Honor Roll - For the 2022-2023 academic year, The Great Colleges to Work For program placed the University on its Honor Roll-it is one of only two institutions of higher education in South Carolina to receive that designation-as the University was lauded in all 10 of The Great Colleges to Work For recognition categories. Anderson University Celebrates Highest Enrollment in its 111-Year History - The University's enrollment for the 2022-2023 academic year stands at 4,117 students, the largest student body since the University welcomed its first class in 1911 and solidifying the University's status as the largest private university in South Carolina. In addition, the University saw its highest number of freshmen and transfer students, with 906 first-time students enrolling this year. Anderson University Online Programs Ranked in Six Categories by U.S. News & World Report - The University has the best online criminal justice program in South Carolina, according to U.S. News & World Report's Best Online Programs rankings for 2023. The University appeared in six categories in the annual list made up of all colleges and universities in the nation. Anderson University Launches First Pathologists Assistant Program in South Carolina Anderson University Creates New Programs in Coding and App Development City of Anderson Proclaims March 30 as Anderson University Day - The City of Anderson is inviting the community to join the University in celebration of A Day, the University's annual fundraising campaign in support of student scholarships and campus improvements. Anderson City Council passed a resolution naming March 30, 2023 erson University Day." The University alumni and friends provided over $500,000 in student scholarships and campus improvements during the University's annual A Day campaign on March 30. Anderson University Partners with AnMed on Various Initiatives

    Expenses $102,377,103 · Grants $46,343,964 · Revenue $100,796,412

  • Auxiliary enterprise revenue: Auxiliary enterprises exist to furnish goods or services to students, faculty, staff, or incidentally to the general public. Fees charged for auxiliary enterprises are priced to offset the cost of the goods or services provided. The distinguishing characteristic of auxiliary enterprises is that they are managed as an essentially self-supporting activity. Revenues and expenses from auxiliary enterprises are reported as changes in net assets without donor restrictions.

    Expenses $14,454,202 · Revenue $18,982,178

  • Other Program Revenue that includes but is not limited to commissions from sales of student related items, Perkins debt service, ticket sales for athletic and theatre events, and magazine subscription revenue.

    Expenses $83,180 · Revenue $1,194,428

As filed on the 2022 return.

Listed in Part VII

  • Mr Kip Miller

    Secretary (part year), Vice Chair

    Total calculated
    $0
    Hours/week
    1

  • Mr Shawn McGee

    Secretary (part year), Trustee

    Total calculated
    $0
    Hours/week
    1

  • Mrs Mary Anne W Bunton

    Trustee, Chair

    Total calculated
    $0
    Hours/week
    1

  • Rev Ed Stewart

    Trustee, Secretary

    Total calculated
    $0
    Hours/week
    1

  • Anthony Jones

    Trustee (part year)

    Total calculated
    $0
    Hours/week
    1

  • Benjamin Littlejohn

    Trustee (part year)

    Total calculated
    $0
    Hours/week
    1

  • Dr Benjamin Smoak

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Dr Edward M Carney

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Dr Jack E Shaw

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Dr Margaret Wooten

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Dr Rudy Gray

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Hughlyn H Burgess

    Trustee (part year)

    Total calculated
    $0
    Hours/week
    1

  • Mr Brian McKay

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Mr C Nakia Davis

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Mr D Rodney Back

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Mr Danny Walker

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Mr David Walker

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Mr Don Harper

    Trustee

    Total calculated
    $2,200
    From this org
    $2,200
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Mr George Wyatt

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Mr Gerald J Caskey

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Mr Joel Davis

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Mr Leonard L Brown Jr

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Mr Michael S Wilson

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Mrs Mickey Hyman

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Mrs Nancy Campbell

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Rev Alex D Henderson

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Rev Michaeal Bearden

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Rev Rod Elliott

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Robert Winburn

    Trustee (part year)

    Total calculated
    $0
    Hours/week
    1

  • Roy Jeffcoat

    Trustee (part year)

    Total calculated
    $0
    Hours/week
    1

  • David Omar Rashed

    Sr VP Administration & Brand

    Total calculated
    $251,572
    From this org
    $201,781
    From related orgs
    $0
    Other
    $49,791
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $194,597
    Bonus
    $500
    Other
    $6,684
    Deferred
    $16,763
    Nontaxable benefits
    $33,028
    Filer's total
    $251,572

  • Dr Evans P Whitaker

    President

    Total calculated
    $1,041,203
    From this org
    $922,292
    From related orgs
    $0
    Other
    $118,911
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $638,317
    Bonus
    $93,003
    Other
    $190,972
    Deferred
    $65,233
    Nontaxable benefits
    $53,678
    Filer's total
    $1,041,203

  • James Wayne Landrith

    Sr VP Development/Pres. Affairs

    Total calculated
    $241,572
    From this org
    $200,101
    From related orgs
    $0
    Other
    $41,471
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $197,089
    Bonus
    $500
    Other
    $2,512
    Deferred
    $16,763
    Nontaxable benefits
    $24,708
    Filer's total
    $241,572

  • Kristie Cole

    VP Finance and CFO

    Total calculated
    $200,451
    From this org
    $170,706
    From related orgs
    $0
    Other
    $29,745
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $169,338
    Bonus
    $500
    Other
    $868
    Deferred
    $14,110
    Nontaxable benefits
    $15,635
    Filer's total
    $200,451

  • Reginald Gay

    VP and University Counsel

    Total calculated
    $221,096
    From this org
    $190,210
    From related orgs
    $0
    Other
    $30,886
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $188,060
    Bonus
    $500
    Other
    $1,650
    Deferred
    $15,593
    Nontaxable benefits
    $15,293
    Filer's total
    $221,096

  • Ryan Neal

    Provost

    Total calculated
    $224,493
    From this org
    $173,931
    From related orgs
    $0
    Other
    $50,562
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $173,431
    Bonus
    $500
    Other
    $0
    Deferred
    $15,316
    Nontaxable benefits
    $35,246
    Filer's total
    $224,493

  • Ben Deaton

    VP for the Office of TOLI

    Total calculated
    $162,760
    From this org
    $150,358
    From related orgs
    $0
    Other
    $12,402
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $149,745
    Bonus
    $500
    Other
    $113
    Deferred
    $12,020
    Nontaxable benefits
    $382
    Filer's total
    $162,760

  • Jim Fereira

    Sr VP Student Development

    Total calculated
    $225,153
    From this org
    $137,573
    From related orgs
    $0
    Other
    $87,580
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $136,710
    Bonus
    $500
    Other
    $363
    Deferred
    $15,850
    Nontaxable benefits
    $71,730
    Filer's total
    $225,153

  • Mark Butler

    Dean- College of Education

    Total calculated
    $157,742
    From this org
    $135,657
    From related orgs
    $0
    Other
    $22,085
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $135,157
    Bonus
    $500
    Other
    $0
    Deferred
    $11,074
    Nontaxable benefits
    $11,011
    Filer's total
    $157,742

  • Pamela Ross

    VP for Enrollment Management

    Total calculated
    $183,829
    From this org
    $156,361
    From related orgs
    $0
    Other
    $27,468
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $154,563
    Bonus
    $500
    Other
    $1,298
    Deferred
    $12,904
    Nontaxable benefits
    $14,564
    Filer's total
    $183,829

  • Steven Nail

    Dean-College of Business

    Total calculated
    $208,663
    From this org
    $169,495
    From related orgs
    $0
    Other
    $39,168
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $167,620
    Bonus
    $500
    Other
    $1,375
    Deferred
    $14,238
    Nontaxable benefits
    $24,930
    Filer's total
    $208,663

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
  • 1a · Personal services (maid, chauffeur, chef)
  • 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
  • 4b · Supplemental nonqualified retirement plan
  • 7 · Other non-fixed payments

Answered no

  • 4a · Severance or change-of-control payment
  • 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
  • 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, the President is provided a home on University grounds. The home is provided as a nontaxable benefit to the President. Pursuant to Internal Revenue Code Section 107, ministerial housing allowances are provided for qualifying ministerial employees. This is not included in taxable compensation. The Senior VP Student Development met the qualifications for and received a ministerial housing allowance during the tax year.
Schedule J, Part I, Line 1a Health or social club dues or initiation fees
Dues paid for the President were considered a bona-fide business expense for networking opportunities beneficial to the institution. Personal use of social club dues are permitted, but are considered a taxable benefit to the President.
Schedule J, Part I, Line 1a Personal services
The University provides grounds care and housekeeping for the home since the President hosts functions for the University at his home. The personal services are provided as a nontaxable benefit to the President.
Schedule J, Part I, Line 4b Supplemental nonqualified retirement plan
Anderson University contributes to a 457(f) plan on behalf of Dr. Evans P. Whitaker, President. Contributions vest every three years and those contributions plus related earnings are distributed and treated as taxable income. In June 2022, Dr. Whitaker received payment of $150,325.01 in vested 457(f) contributions plus earnings. As of calendar year-end 2022, The University had contributed $20,447.88 to the 457(f) plan on behalf of Dr. Whitaker. Contributions as of June 2022 will be vested and paid out June 2025.
Schedule J, Part I, Line 7 Non-fixed payments
The board approved nonfixed payments made in the form discretionary bonuses.

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.

  • South Carolina Baptist Convention

    501(c)(3) · Convention of churches · SC

    Directly controlled by NA

  • The Baptist Foundation of South Carolina

    501(c)(3) · Institution of SCBC designated for the management of trust funds · SC

    Directly controlled by South Carolina Baptist Convention

  • The Anderson Education Innovation and Research Foundation

    501(c)(3) · Support higher education institutions in South Carolina · SC · controlled entity

    Directly controlled by Anderson University

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.

Related corporations and trusts

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

Provenance

Return type
form_990
Tax year
2022
Filed
11 April 2024
IRS schema version
2022v5.0
Source object
202411029349301806

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