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Employer Identification Number 54-0129860

AVERETT UNIVERSITY is a USA domiciled entity or foreign entity operating in the USA. The EIN ihas been issued by the IRS

Company Name:AVERETT UNIVERSITY
Employer identification number (EIN):54-0129860
EIN Issuing AuthorityBrookhaven, NY
NAIC Classification:611000
401k Pension/Benefits registration AVERETT UNIVERSITY 401k plan information
Federal tax statusExempt from federal income tax. Registered as a non-profit under 501(c)(3) Title 26 of the United States Code

Organization Overview

Mission StatementTO OFFER COURSES OF STUDY LEADING TO BACHELOR'S AND MASTER'S DEGREES (CONTINUED ON SCHEDULE O)ON CAMPUS IN DANVILLE, VA AND AT REGIONAL CENTERS THROUGHOUT VIRGINIA.
Number of Employees792
Number of Volunteers27
Year Formed1859

Organization Governance

Legal DomicileVA
Voting Members - Governing Body27
Voting Members - Independent27

Organization Financials

2023-06-30
Total unrelated business incomeUSD $ -806,499
Net unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 43,892,457
Program Service Revenue from current yearUSD $ 46,818,393
Investment Income from prior yearUSD $ 499,211
Investment Income from current yearUSD $ -339,948
Other Revenue from prior yearUSD $ 1,247,993
Other Revenue from current yearUSD $ 1,732,710
Gross receipts from all sourcesUSD $ 55,481,074
Net assets / fund balances at end of fiscal yearUSD $ 44,582,653
Net assets / fund balances at beginning of fiscal yearUSD $ 48,106,871
Total liabilities at end of fiscal yearUSD $ 34,060,403
Total liabilities at beginning of fiscal yearUSD $ 26,397,854
Total assets at end of fiscal yearUSD $ 78,643,056
Total assets at beginning of fiscal yearUSD $ 74,504,725
Revenues less expenses for current yearUSD $ -5,392,568
Revenues less expenses for previous yearUSD $ -6,357,056
Total expenses for current yearUSD $ 60,055,807
Total expenses for previous yearUSD $ 58,894,855
Other expenses in current yearUSD $ 21,980,145
Other expenses in previous yearUSD $ 22,608,112
Total fundraising expenses in current yearUSD $ 862,904
Professional fundraising fees from current yearUSD $ 79,252
Professional fundraising fees from previous yearUSD $ 68,742
Employee salary and benefits paid in current yearUSD $ 18,081,966
Employee salary and benefits paid in previous yearUSD $ 17,210,289
Benefits paid to or for members in current yearUSD $ 0
Benefits paid to or for members in previous yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 19,914,444
Grants and similar amounts paid in previous yearUSD $ 19,007,712
Total revenue in current fiscal yearUSD $ 54,663,239
Total revenue in previous fiscal yearUSD $ 52,537,799
Contributions and grants from current yearUSD $ 6,452,084
Contributions and grants from previous yearUSD $ 6,898,138
Gross income from fundraising eventsUSD $ 37,191
Total of other revenueUSD $ 1,685,626
2022-06-30
Total unrelated business incomeUSD $ -125,033
Net unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 43,557,413
Program Service Revenue from current yearUSD $ 43,892,457
Investment Income from prior yearUSD $ 1,039,050
Investment Income from current yearUSD $ 499,211
Other Revenue from prior yearUSD $ 64,028
Other Revenue from current yearUSD $ 1,247,993
Gross receipts from all sourcesUSD $ 52,671,919
Net assets / fund balances at end of fiscal yearUSD $ 48,106,871
Net assets / fund balances at beginning of fiscal yearUSD $ 57,462,251
Total liabilities at end of fiscal yearUSD $ 26,397,854
Total liabilities at beginning of fiscal yearUSD $ 23,768,418
Total assets at end of fiscal yearUSD $ 74,504,725
Total assets at beginning of fiscal yearUSD $ 81,230,669
Revenues less expenses for current yearUSD $ -6,357,056
Revenues less expenses for previous yearUSD $ 952,036
Total expenses for current yearUSD $ 58,894,855
Total expenses for previous yearUSD $ 52,339,981
Other expenses in current yearUSD $ 22,608,112
Other expenses in previous yearUSD $ 17,090,512
Total fundraising expenses in current yearUSD $ 710,007
Professional fundraising fees from current yearUSD $ 68,742
Professional fundraising fees from previous yearUSD $ 39,913
Employee salary and benefits paid in current yearUSD $ 17,210,289
Employee salary and benefits paid in previous yearUSD $ 16,574,583
Benefits paid to or for members in current yearUSD $ 0
Benefits paid to or for members in previous yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 19,007,712
Grants and similar amounts paid in previous yearUSD $ 18,634,973
Total revenue in current fiscal yearUSD $ 52,537,799
Total revenue in previous fiscal yearUSD $ 53,292,017
Contributions and grants from current yearUSD $ 6,898,138
Contributions and grants from previous yearUSD $ 8,631,526
Gross income from fundraising eventsUSD $ 33,518
Total of other revenueUSD $ 1,190,937
2021-06-30
Total unrelated business incomeUSD $ 0
Net unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 41,151,869
Program Service Revenue from current yearUSD $ 43,536,434
Investment Income from prior yearUSD $ 1,798,744
Investment Income from current yearUSD $ 1,039,050
Other Revenue from prior yearUSD $ 43,383
Other Revenue from current yearUSD $ 64,028
Gross receipts from all sourcesUSD $ 53,294,908
Net assets / fund balances at end of fiscal yearUSD $ 57,462,251
Net assets / fund balances at beginning of fiscal yearUSD $ 51,311,193
Total liabilities at end of fiscal yearUSD $ 23,768,418
Total liabilities at beginning of fiscal yearUSD $ 23,028,483
Total assets at end of fiscal yearUSD $ 81,230,669
Total assets at beginning of fiscal yearUSD $ 74,339,676
Revenues less expenses for current yearUSD $ 952,036
Revenues less expenses for previous yearUSD $ 2,516,304
Total expenses for current yearUSD $ 52,319,002
Total expenses for previous yearUSD $ 48,500,590
Other expenses in current yearUSD $ 17,069,533
Other expenses in previous yearUSD $ 14,681,195
Total fundraising expenses in current yearUSD $ 751,550
Professional fundraising fees from current yearUSD $ 39,913
Professional fundraising fees from previous yearUSD $ 53,786
Employee salary and benefits paid in current yearUSD $ 16,574,583
Employee salary and benefits paid in previous yearUSD $ 17,080,911
Benefits paid to or for members in current yearUSD $ 0
Benefits paid to or for members in previous yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 18,634,973
Grants and similar amounts paid in previous yearUSD $ 16,684,698
Total revenue in current fiscal yearUSD $ 53,271,038
Total revenue in previous fiscal yearUSD $ 51,016,894
Contributions and grants from current yearUSD $ 8,631,526
Contributions and grants from previous yearUSD $ 8,022,898
Gross income from fundraising eventsUSD $ 50,086
2020-06-30
Total unrelated business incomeUSD $ 0
Net unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 43,623,277
Program Service Revenue from current yearUSD $ 41,151,869
Investment Income from prior yearUSD $ 4,106,470
Investment Income from current yearUSD $ 1,798,744
Other Revenue from prior yearUSD $ 59,735
Other Revenue from current yearUSD $ 43,383
Gross receipts from all sourcesUSD $ 51,022,779
Net assets / fund balances at end of fiscal yearUSD $ 51,311,193
Net assets / fund balances at beginning of fiscal yearUSD $ 50,358,490
Total liabilities at end of fiscal yearUSD $ 23,028,483
Total liabilities at beginning of fiscal yearUSD $ 25,545,709
Total assets at end of fiscal yearUSD $ 74,339,676
Total assets at beginning of fiscal yearUSD $ 75,904,199
Revenues less expenses for current yearUSD $ 2,516,304
Revenues less expenses for previous yearUSD $ 2,216,940
Total expenses for current yearUSD $ 48,500,590
Total expenses for previous yearUSD $ 48,803,695
Other expenses in current yearUSD $ 14,681,195
Other expenses in previous yearUSD $ 14,477,674
Total fundraising expenses in current yearUSD $ 618,798
Professional fundraising fees from current yearUSD $ 53,786
Professional fundraising fees from previous yearUSD $ 49,303
Employee salary and benefits paid in current yearUSD $ 17,080,911
Employee salary and benefits paid in previous yearUSD $ 17,186,428
Benefits paid to or for members in current yearUSD $ 0
Benefits paid to or for members in previous yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 16,684,698
Grants and similar amounts paid in previous yearUSD $ 17,090,290
Total revenue in current fiscal yearUSD $ 51,016,894
Total revenue in previous fiscal yearUSD $ 51,020,635
Contributions and grants from current yearUSD $ 8,022,898
Contributions and grants from previous yearUSD $ 3,231,153
Gross income from fundraising eventsUSD $ 10,108
2019-06-30
Total unrelated business incomeUSD $ 0
Net unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 42,086,661
Program Service Revenue from current yearUSD $ 43,623,277
Investment Income from prior yearUSD $ 1,157,802
Investment Income from current yearUSD $ 4,106,470
Other Revenue from prior yearUSD $ 51,292
Other Revenue from current yearUSD $ 59,735
Gross receipts from all sourcesUSD $ 72,825,215
Net assets / fund balances at end of fiscal yearUSD $ 50,358,490
Net assets / fund balances at beginning of fiscal yearUSD $ 50,780,897
Total liabilities at end of fiscal yearUSD $ 25,545,709
Total liabilities at beginning of fiscal yearUSD $ 22,410,716
Total assets at end of fiscal yearUSD $ 75,904,199
Total assets at beginning of fiscal yearUSD $ 73,191,613
Revenues less expenses for current yearUSD $ 2,216,940
Revenues less expenses for previous yearUSD $ 2,974,910
Total expenses for current yearUSD $ 48,803,695
Total expenses for previous yearUSD $ 47,360,819
Other expenses in current yearUSD $ 14,477,674
Other expenses in previous yearUSD $ 14,375,178
Total fundraising expenses in current yearUSD $ 544,410
Professional fundraising fees from current yearUSD $ 49,303
Professional fundraising fees from previous yearUSD $ 55,881
Employee salary and benefits paid in current yearUSD $ 17,186,428
Employee salary and benefits paid in previous yearUSD $ 17,256,774
Benefits paid to or for members in current yearUSD $ 0
Benefits paid to or for members in previous yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 17,090,290
Grants and similar amounts paid in previous yearUSD $ 15,672,986
Total revenue in current fiscal yearUSD $ 51,020,635
Total revenue in previous fiscal yearUSD $ 50,335,729
Contributions and grants from current yearUSD $ 3,231,153
Contributions and grants from previous yearUSD $ 7,039,974
Gross income from fundraising eventsUSD $ 21,460
2018-06-30
Total unrelated business incomeUSD $ 0
Net unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 39,478,952
Program Service Revenue from current yearUSD $ 42,086,661
Investment Income from prior yearUSD $ 637,233
Investment Income from current yearUSD $ 1,157,802
Other Revenue from prior yearUSD $ 71,965
Other Revenue from current yearUSD $ 51,292
Gross receipts from all sourcesUSD $ 52,051,298
Net assets / fund balances at end of fiscal yearUSD $ 50,780,897
Net assets / fund balances at beginning of fiscal yearUSD $ 46,770,616
Total liabilities at end of fiscal yearUSD $ 22,410,716
Total liabilities at beginning of fiscal yearUSD $ 20,592,481
Total assets at end of fiscal yearUSD $ 73,191,613
Total assets at beginning of fiscal yearUSD $ 67,363,097
Revenues less expenses for current yearUSD $ 2,974,910
Revenues less expenses for previous yearUSD $ -1,834,765
Total expenses for current yearUSD $ 47,360,819
Total expenses for previous yearUSD $ 43,935,533
Other expenses in current yearUSD $ 14,375,178
Other expenses in previous yearUSD $ 14,011,223
Total fundraising expenses in current yearUSD $ 562,639
Professional fundraising fees from current yearUSD $ 55,881
Professional fundraising fees from previous yearUSD $ 57,849
Employee salary and benefits paid in current yearUSD $ 17,256,774
Employee salary and benefits paid in previous yearUSD $ 16,367,213
Benefits paid to or for members in current yearUSD $ 0
Benefits paid to or for members in previous yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 15,672,986
Grants and similar amounts paid in previous yearUSD $ 13,499,248
Total revenue in current fiscal yearUSD $ 50,335,729
Total revenue in previous fiscal yearUSD $ 42,100,768
Contributions and grants from current yearUSD $ 7,039,974
Contributions and grants from previous yearUSD $ 1,912,618
Gross income from fundraising eventsUSD $ 20,247
2017-06-30
Total unrelated business incomeUSD $ 0
Net unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 40,150,761
Program Service Revenue from current yearUSD $ 39,478,952
Investment Income from prior yearUSD $ 544,670
Investment Income from current yearUSD $ 637,233
Other Revenue from prior yearUSD $ 188,773
Other Revenue from current yearUSD $ 71,965
Gross receipts from all sourcesUSD $ 51,339,990
Net assets / fund balances at end of fiscal yearUSD $ 46,770,616
Net assets / fund balances at beginning of fiscal yearUSD $ 46,346,561
Total liabilities at end of fiscal yearUSD $ 20,592,481
Total liabilities at beginning of fiscal yearUSD $ 22,964,306
Total assets at end of fiscal yearUSD $ 67,363,097
Total assets at beginning of fiscal yearUSD $ 69,310,867
Revenues less expenses for current yearUSD $ -1,834,765
Revenues less expenses for previous yearUSD $ -452,496
Total expenses for current yearUSD $ 43,935,533
Total expenses for previous yearUSD $ 44,419,650
Other expenses in current yearUSD $ 14,011,223
Other expenses in previous yearUSD $ 15,337,088
Total fundraising expenses in current yearUSD $ 560,792
Professional fundraising fees from current yearUSD $ 57,849
Professional fundraising fees from previous yearUSD $ 74,111
Employee salary and benefits paid in current yearUSD $ 16,367,213
Employee salary and benefits paid in previous yearUSD $ 16,497,020
Benefits paid to or for members in current yearUSD $ 0
Benefits paid to or for members in previous yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 13,499,248
Grants and similar amounts paid in previous yearUSD $ 12,511,431
Total revenue in current fiscal yearUSD $ 42,100,768
Total revenue in previous fiscal yearUSD $ 43,967,154
Contributions and grants from current yearUSD $ 1,912,618
Contributions and grants from previous yearUSD $ 3,082,950
Gross income from fundraising eventsUSD $ 13,584
2016-06-30
Total unrelated business incomeUSD $ 0
Net unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 38,330,017
Program Service Revenue from current yearUSD $ 40,150,761
Investment Income from prior yearUSD $ 1,893,384
Investment Income from current yearUSD $ 544,670
Other Revenue from prior yearUSD $ 40,505
Other Revenue from current yearUSD $ 188,773
Gross receipts from all sourcesUSD $ 49,663,444
Net assets / fund balances at end of fiscal yearUSD $ 46,346,561
Net assets / fund balances at beginning of fiscal yearUSD $ 47,705,640
Total liabilities at end of fiscal yearUSD $ 22,964,306
Total liabilities at beginning of fiscal yearUSD $ 23,965,314
Total assets at end of fiscal yearUSD $ 69,310,867
Total assets at beginning of fiscal yearUSD $ 71,670,954
Revenues less expenses for current yearUSD $ -452,496
Revenues less expenses for previous yearUSD $ 4,892,542
Total expenses for current yearUSD $ 44,419,650
Total expenses for previous yearUSD $ 41,350,665
Other expenses in current yearUSD $ 15,337,088
Other expenses in previous yearUSD $ 13,902,292
Total fundraising expenses in current yearUSD $ 550,578
Professional fundraising fees from current yearUSD $ 74,111
Professional fundraising fees from previous yearUSD $ 73,883
Employee salary and benefits paid in current yearUSD $ 16,497,020
Employee salary and benefits paid in previous yearUSD $ 15,825,886
Benefits paid to or for members in current yearUSD $ 0
Benefits paid to or for members in previous yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 12,511,431
Grants and similar amounts paid in previous yearUSD $ 11,548,604
Total revenue in current fiscal yearUSD $ 43,967,154
Total revenue in previous fiscal yearUSD $ 46,243,207
Contributions and grants from current yearUSD $ 3,082,950
Contributions and grants from previous yearUSD $ 5,979,301
Gross income from fundraising eventsUSD $ 6,645
2015-06-30
Total unrelated business incomeUSD $ 0
Net unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 38,631,026
Program Service Revenue from current yearUSD $ 38,330,017
Investment Income from prior yearUSD $ 2,488,210
Investment Income from current yearUSD $ 1,893,384
Other Revenue from prior yearUSD $ 72,707
Other Revenue from current yearUSD $ 40,505
Gross receipts from all sourcesUSD $ 49,557,102
Net assets / fund balances at end of fiscal yearUSD $ 47,705,640
Net assets / fund balances at beginning of fiscal yearUSD $ 44,362,413
Total liabilities at end of fiscal yearUSD $ 23,965,314
Total liabilities at beginning of fiscal yearUSD $ 25,214,689
Total assets at end of fiscal yearUSD $ 71,670,954
Total assets at beginning of fiscal yearUSD $ 69,577,102
Revenues less expenses for current yearUSD $ 4,892,542
Revenues less expenses for previous yearUSD $ 231,728
Total expenses for current yearUSD $ 41,350,665
Total expenses for previous yearUSD $ 43,278,264
Other expenses in current yearUSD $ 13,902,292
Other expenses in previous yearUSD $ 15,227,882
Total fundraising expenses in current yearUSD $ 510,350
Professional fundraising fees from current yearUSD $ 73,883
Professional fundraising fees from previous yearUSD $ 73,342
Employee salary and benefits paid in current yearUSD $ 15,825,886
Employee salary and benefits paid in previous yearUSD $ 16,801,028
Benefits paid to or for members in current yearUSD $ 0
Benefits paid to or for members in previous yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 11,548,604
Grants and similar amounts paid in previous yearUSD $ 11,176,012
Total revenue in current fiscal yearUSD $ 46,243,207
Total revenue in previous fiscal yearUSD $ 43,509,992
Contributions and grants from current yearUSD $ 5,979,301
Contributions and grants from previous yearUSD $ 2,318,049

Organization Addresses

The following addresses have been detected as associated with Tax Indentification Number 540129860

USA Mailing Address
420 WEST MAIN STREET
DANVILLE
VA
24541
Date first seen: 2007-01-01
Date last seen: 2024-06-30
USA Location Address
420 WEST MAIN STREET
DANVILLE
VA
24541
Date first seen: 2007-01-01
Date last seen: 2024-06-30
USA Mailing Address
420 W MAIN ST
DANVILLE
VA
245413612
Date first seen: 2011-04-15
Date last seen: 2019-07-15
USA Location Address
420 W MAIN ST
DANVILLE
VA
245413612
Date first seen: 2016-04-15
Date last seen: 2021-06-18

EIN Events

Event Date Event description
2018-06-30Form 990-N declaration of Gross Receipts Under $25,000 in tax year 2017

Nearby companies/organizations

The following companies are located in the same ZIP code areas:

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