Civic Intelligence

Anderson University Inc

EIN 35-0867954 • 501(c)3 • Anderson, IN

Profile

The mission of Anderson University is to educate for a life of faith and service in the church and society. Established and sustained within the free and open traditions of the Church of God, this university is committed to being a teaching-learning community of the highest order, engaged in the pursuit of truth from a Christian faith perspective. Through academic and Christian discovery, we intend to graduate people with a global perspective who are competent, caring, creative, generous individuals of character and potential. We will build those quality programs that will enable each member of the university to become stronger in body, mind, and spirit, to experience what it means to love God and neighbor, and to adopt Christ like servant ways in all of life. The mission statement and supporting statements were adopted by the Board of Trustees in 2007.

1100 East 5th StreetAnderson, IN 46012

www.anderson.edu

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

65th percentile

0.44x

Higher debt load relative to assets than 65% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Source year 2021

Liabilities / Revenue

74th percentile

1.08x

Higher debt load relative to revenue than 74% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Source year 2021

Net Margin

39th percentile

1.2%

Higher net margin than 39% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Source year 2021

Top Officer Pay

19th percentile

$219,557

Higher top officer pay than 19% of similar nonprofits.

Top officer pay equals 0.4% of source-year revenue.

501(c)3 • $100M-$250M nonprofits • Source year 2021

Asset Growth

53rd percentile

6.6%

Faster asset growth than 53% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Annualized from 2020 to 2021

Revenue Growth

15th percentile

-10%

Faster revenue growth than 15% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Annualized from 2020 to 2021

Assets

Up

$130,755,276

Up $7,129,832 (+5.8%) from 2023

Liabilities

Down

$49,324,591

Down $1,797,578 (-3.5%) from 2023

Net Assets

Up

$81,430,685

Up $8,927,410 (+12%) from 2023

Revenue

Up

$75,597,456

Up $12,708,013 (+20%) from 2023

Expenses

Up

$69,299,441

Up $5,345,763 (+8.4%) from 2023

Net Income

Up

$6,298,015

Up $7,362,250 (+692%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$150M$100M$50M$0Assets 2010: $144,809,590Liabilities 2010: $72,153,426Net Assets 2010: $72,656,1642010Assets 2011: $145,996,819Liabilities 2011: $71,990,681Net Assets 2011: $74,006,1382011Assets 2012: $143,475,865Liabilities 2012: $71,521,450Net Assets 2012: $71,954,4152012Assets 2013: $143,892,278Liabilities 2013: $69,255,445Net Assets 2013: $74,636,8332013Assets 2014: $144,240,704Liabilities 2014: $67,956,770Net Assets 2014: $76,283,9342014Assets 2015: $147,892,284Liabilities 2015: $70,552,789Net Assets 2015: $77,339,4952015Assets 2016: $140,047,764Liabilities 2016: $66,886,153Net Assets 2016: $73,161,6112016Assets 2017: $133,415,516Liabilities 2017: $62,233,675Net Assets 2017: $71,181,8412017Assets 2018: $134,547,786Liabilities 2018: $63,987,781Net Assets 2018: $70,560,0052018Assets 2019: $129,633,129Liabilities 2019: $63,546,346Net Assets 2019: $66,086,7832019Assets 2020: $132,256,277Liabilities 2020: $62,581,384Net Assets 2020: $69,674,8932020Assets 2021: $141,012,159Liabilities 2021: $61,407,097Net Assets 2021: $79,605,0622021Assets 2022: $135,263,076Liabilities 2022: $59,274,449Net Assets 2022: $75,988,6272022Assets 2023: $123,625,444Liabilities 2023: $51,122,169Net Assets 2023: $72,503,2752023Assets 2024: $130,755,276Liabilities 2024: $49,324,591Net Assets 2024: $81,430,6852024

Highlighted filing

2024

Assets$130,755,276
Liabilities$49,324,591
Net Assets$81,430,685

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$80M$60M$40M$20M$0-$20MExpenses 2010: $68,121,6642010Expenses 2011: $70,467,2182011Expenses 2012: $69,115,7592012Expenses 2013: $70,465,9792013Revenue 2014: $70,367,698Expenses 2014: $67,747,063Net Income 2014: $2,620,6352014Revenue 2015: $72,912,691Expenses 2015: $67,587,106Net Income 2015: $5,325,5852015Revenue 2016: $66,505,935Expenses 2016: $68,413,091Net Income 2016: -$1,907,1562016Revenue 2017: $65,777,844Expenses 2017: $65,874,655Net Income 2017: -$96,8112017Revenue 2018: $66,599,442Expenses 2018: $63,736,918Net Income 2018: $2,862,5242018Revenue 2019: $60,516,320Expenses 2019: $62,723,228Net Income 2019: -$2,206,9082019Revenue 2020: $63,220,268Expenses 2020: $60,379,412Net Income 2020: $2,840,8562020Revenue 2021: $56,617,560Expenses 2021: $55,933,458Net Income 2021: $684,1022021Revenue 2022: $63,226,796Expenses 2022: $61,763,774Net Income 2022: $1,463,0222022Revenue 2023: $62,889,443Expenses 2023: $63,953,678Net Income 2023: -$1,064,2352023Revenue 2024: $75,597,456Expenses 2024: $69,299,441Net Income 2024: $6,298,0152024

Highlighted filing

2024

Revenue$75,597,456
Expenses$69,299,441
Net Income$6,298,015

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$131$49.3$81.4$75.6$69.3$6.30
2023Detailed filing. Detailed filing data is available for this year.$124$51.1$72.5$62.9$64.0$1.06
2022Detailed filing. Detailed filing data is available for this year.$135$59.3$76.0$63.2$61.8$1.46
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$141$61.4$79.6$56.6$55.9$0.68
2020Detailed filing. Detailed filing data is available for this year.$132$62.6$69.7$63.2$60.4$2.84
2019Detailed filing. Detailed filing data is available for this year.$130$63.5$66.1$60.5$62.7$2.21
2018Detailed filing. Detailed filing data is available for this year.$135$64.0$70.6$66.6$63.7$2.86
2017Detailed filing. Detailed filing data is available for this year.$133$62.2$71.2$65.8$65.9$0.10
2016Detailed filing. Detailed filing data is available for this year.$140$66.9$73.2$66.5$68.4$1.91
2015Detailed filing. Detailed filing data is available for this year.$148$70.6$77.3$72.9$67.6$5.33
2014Detailed filing. Detailed filing data is available for this year.$144$68.0$76.3$70.4$67.7$2.62
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$144$69.3$74.6$70.5
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$143$71.5$72.0$69.1
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$146$72.0$74.0$70.5
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$145$72.2$72.7$68.1
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jun 1, 2023 to May 31, 2024
Signed
Apr 15, 2025
Return Version
2023v6.0
Gross Receipts
$81,940,621
Mission and Program Overview

Mission

The mission of Anderson University is to educate for a life of faith and service in the church and society. Established and sustained within the free and open traditions of the Church of God, this university is committed to being a teaching-learning community of the highest order, engaged in the pursuit of truth from a Christian faith perspective. Through academic and Christian discovery, we intend to graduate people with a global perspective who are competent, caring, creative, generous individuals of character and potential. We will build those quality programs that will enable each member of the university to become stronger in body, mind, and spirit, to experience what it means to love God and neighbor, and to adopt Christ-like servant ways in all of life. The mission statement and supporting statements were adopted by the Board of Trustees in 2007.

To educate persons for a life of faith and service in the church and society

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$56,567,052$45,338,570▼ $11,228,482
Investments in Publicly Traded Securities$34,057,621$35,660,454▲ $1,602,833
Other Notes and Loans Receivable, Net$884,234$21,306,183▲ $20,421,949
Savings and Temporary Cash Investments$11,729,983$11,006,760▼ $723,223
Accounts Receivable$3,376,384$5,340,102▲ $1,963,718
Investments Other Securities$4,756,671$4,930,451▲ $173,780
Pledges and Grants Receivable$6,062,529$2,132,612▼ $3,929,917
Investments Program Related$1,851,142--
Prepaid Expenses and Deferred Charges$265,573$215,265▼ $50,308
Cash and Non-Interest-Bearing Accounts$33,875$38,779▲ $4,904
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Loans From Officers Directors-$0-
Total Assets$123,625,444$130,755,276▲ $7,129,832
Other Assets Total$4,040,380$4,786,100▲ $745,720
Liabilities
Tax Exempt Bond Liabilities$32,529,692$31,285,809▼ $1,243,883
Mortgage Notes Payable Secured by Investment Property$7,498,718$7,500,000▲ $1,282
Accounts Payable and Accrued Expenses$4,787,527$4,745,177▼ $42,350
Other Liabilities$3,590,890$3,512,036▼ $78,854
Deferred Revenue$2,642,651$2,205,606▼ $437,045
Unsecured Notes Loans Payable$72,691$75,963▲ $3,272
Total Liabilities$51,122,169$49,324,591▼ $1,797,578
Net Assets / Fund Balance
Net Assets With Donor Restrictions$41,770,075$43,861,277▲ $2,091,202
Net Assets Without Donor Restrictions$30,733,200$37,569,408▲ $6,836,208
Total Net Assets Fund Balance$72,503,275$81,430,685▲ $8,927,410
Total Liabilities and Net Assets / Fund Balance$123,625,444$130,755,276▲ $7,129,832

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$40,593,521$50,572,622$91,166,143
Equipment$-2,995,069$16,380,269$13,385,200
Other Land Buildings$3,830,411$8,328,064$12,158,475
Land$3,909,707-$3,909,707

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2023$33,207,151$455,120▲ $5,205,719$219,629$35,207,888
2022$40,596,508$623,910▼ $198,373$4,187,688$33,207,151
2021$45,309,557$983,652▼ $2,963,586-$40,596,508
2020$35,108,167$541,540▲ $11,143,494-$45,309,557
2019$33,676,629$1,243,693▲ $1,584,085-$35,108,167
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
John PistolePresidentFT$209,951$50,943$260,894
Courtney TaylorProvost and VP of CorporationFT$119,937$32,084$152,021
Suahil HousholderVP for Finance and TreasurerFT$120,398$11,521$131,919
Lara MannVP for Enrollment and MarketingFT$110,385$9,644$120,029
Brent BakerVP Advancement and SecretaryFT$91,093$16,071$107,164
Mischon HartVP Marketing and CommunicationFT$77,063$10,850$87,913
Ronda ReemerAssistant SecretaryFT$45,646$1,044$46,690

Highest Paid Contractors

ContractorServicesLocationCompensation
Chartwells Dining ServicesFood Service ManagementPO BOX 417632, Boston, MA 02241-7632$3,207,548
Hes Facilities Management LLCCustodial ServicesPO BOX 95596, Chicago, IL 60694-5596$3,142,484
Core Education PbcEnrollment Services201 N UNION ST, Alexandria, VA 22314$1,578,779
Maumee Bay Turff LLCContractor Services4630 NAVARREE AVE, Oregon, OH 43616$1,036,914
ServproContractor Services5401 KEYSTONE DRIVE, Fort Wayne, IN 46825$451,796
Revenue and Support

Revenue Composition

Contributions and Grants
$9,761,115
Program Service Revenue
$46,093,418
Investment Income
$17,705,597
Other Revenue
$2,037,326
All Other Contributions
$9,017,931
Change in Net Assets
$6,298,015

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
Yes
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded5$111,670Market value
Total Noncash Contributions5$111,670-
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$26,921,765
Grants and Similar Amounts Paid$21,579,592
Salaries, Compensation, and Employee Benefits$20,798,084
Total Fundraising Expense$1,462,168
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$21,579,592--$21,579,592
Other Salaries and Wages$13,187,118$2,007,791$489,508$15,684,417
Other Expenses$2,870,625$861,631$99,298$3,831,554
All Other Expenses$3,149,250$370,500$185,250$3,705,000
Fees for Services Other$1,769,625$1,765,285$152,846$3,687,756
Other Employee Benefits$2,333,417$585,303$72,626$2,991,346
Depreciation Depletion$2,227,761$608,043$8,509$2,844,313
Occupancy$2,272,645$385,610$10,622$2,668,877
Interest$1,556,273$358,983$51,860$1,967,116
Information Technology$299,957$997,762$82,379$1,380,098
Payroll Taxes$827,286$201,607$43,133$1,072,026
Travel$986,226$40,148$9,933$1,036,307
Office Expenses$425,701$495,325$44,312$965,338
Current Officers, Directors, Trustees, and Key Employees$0$799,177$107,164$906,341
Advertising$157,154$201,077$63,778$422,009
Conferences and Meetings$251,493$49,169$22,521$323,183
Insurance$134,152$154,738$0$288,890
Pension Plan Contributions$98,275$36,801$8,878$143,954
Fees for Services Accounting$0$124,839$0$124,839
Fees for Service Investment Mgmnt Fees$0$86,651$0$86,651
Fees for Services Legal$15,577$53,320$0$68,897
Fees for Services Lobbying$0$1,427$0$1,427
Total Functional Expenses$57,465,650$10,371,623$1,462,168$69,299,441
International Activity

International Summary

Offices
0
Employees
0
Spending
$152,292

International Compliance

Activity in boycott countries
No
Foreign corporation ownership
No
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No

International Activities

RegionActivityServicesOfficesEmployeesSpending
Europe (Including Iceland and Greenland)Program Services---$108,650
South AmericaProgram Services---$25,442
East Asia and the PacificProgram Services---$18,200
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
Yes
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees-$0-
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Charitable Unitrust Liability$1,760,223
Right of Use Operating Liability$827,814
Federal Student Loan Liability$547,722
Annuities Payable$356,096
Right of Use Finance Lease Liability$20,181

Bond Issues

BondIssuerIssuedIssue PricePurpose
BCity of Anderson Indiana2017-09-28$39,171,350Refinance 2007 & 2015 bonds
ACity of Anderson Indiana2014-12-16$5,189,160Purchase of residence hall

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
B$39,311,237$35,137,223$3,610,000$783,427
A$5,189,160$406,000$2,070,000$103,100

Bond Financing Compliance

No rebate due
Yes
Rebate not yet due
Yes
Form 8038-T filed
No
Gross proceeds invested
No
Gross proceeds invested in GIC
No
Exception to rebate
No
Corrective action procedures
Yes
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 1A

The Executive Committee is composed of seven trustees including the Chair and Vice Chair. The other five members are elected annually by the Board of Trustees. Other members may meet with this Committee, they do not have voting power. It is the duty of the Executive Committee to act on behalf of the Board of Trustees during the period between the Board's meetings.

Form 990, Part VI, Line 11B Review of form 990 by governing body

The university's from 990 is prepared by an independent cpa firm. Prior to the 990 being filed with the irs, the 990 is reviewed in detail by the vp for finance and treasurer, president, controller, and the audit committee. The university's board of trustees delegates the review of the form 990 to the audit committee, a subcommittee of the university's board of trustees. Before fileing the 990 the board of trustees recieve a copy to review.

Form 990, Part VI, Line 12C Conflict of interest policy

The Controller & Assistant Treasurer annually monitors all existing conflicts and enforces compliance with the University's conflict of interest policy by conducting a review prior to the University's annual audit. The University's conflict of interest policy states that all employees and Board of Trustees submit a conflict of interest form each year of employment or service. Determination of existing conflicts is the responsibility of the Controller & Assistant Treasurer who will also review with the VP for Finance and Treasurer. Persons with conflicts do not participate in decisions and deliberations of the governing body.

Form 990, Part VI, Line 15A Process to establish compensation of top management official

The independent Executive Committee of the Board of Trustees establishes the salary of the President upon recommendation of the subcommittee on evaluation and compensation. This process is directed through the Office of Work Life Engagement where compensation is compared to area benchmark information. Work Life then presents a recommendation to the VP for Finance and Treasurer to present to the Board of Trustees for approval annually. This process is documented in the board minutes.

Form 990, Part VI, Line 15B Process to establish compensation of other employees

The salaries of other Executive officers of the University are established independently of the President, subject to the approval of the subcommittee on evaluation and compensation. This process is directed through Human Resources where compensation is compared to area benchmark information. The University's strategic plan is to reach compensation rates at 80% for staff and 77% for faculty of benchmark. HR then presents a recommendation to the President for approval annually. The President may appoint and establish the salaries of administrative officers as he/she deems appropriate. This process is documented in the HR files.

Form 990, Part VI, Line 19 Required documents available to the public

The University's governing documents and conflict of interest policy are available on the University's public website. The University's financial statements are not made available to the public but the financial statements are available at emma.msrb.org for bondholders.

Filing and Contact Details

Filer

Filer Name
Anderson University Inc
EIN
35-0867954
Phone
7656414001
Address
1100 East 5th Street, ANDERSON, IN 46012

Signing Officer

Name
John Pistole
Title
President
Phone
7656414001
Signed
2025-04-15
Discuss with paid preparer
Yes

Organization Details

Formed
1917
Legal Domicile
In
Voting Board Members
24
Independent Board Members
23
Employees
1,127
Volunteers
25

Preparer

Firm
Forvis Mazars LLP
Address
111 E Wayne Street Suite 600, Fort Wayne, IN 46802
Preparer
Lauren Denton
Phone
2604604000
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9 Other changes in net assets or fund balances

Actuarial change in annuities and trusts - 192417; impairment loss - -361160;

Financial Statement Notes

Schedule D, Part X, Line 2 ASC 740

Management has evaluated their income tax positions under the guidance included in asc 740. Based on their review, management has not identified any material uncertain tax positions to be recorded or disclosed in the financial statements.

Schedule D, Part II, Line 9 Conservation easements financial reporting

A balance sheet account tracks changes in the conservation.

Schedule D, Part III, Line 4 Collections of art - description of collections

The University's collection is made up of donations of art, books, and historical treasures. The University maintains the collection throughout the University's premises and is available for public display and access. The collection furthers the University's exempt education purpose by enhancing the University community's awareness of art, literature, and history.

Schedule D, Part IV, Line 2B Explanation of escrow agreement

Funds held for student groups, clubs, and activities.

Schedule D, Part V, Line 4 Intended uses of endowment funds

The University's endowment funds are intended to fund designated University tax exempt activities, such as, the distribution of scholarships and grants to students, as well as funding operational and capital needs of the University.

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Form990PartVIISectionAGrp/TitleTxt20TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt21TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt22TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt23TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt24VP Advancement and Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt25Provost and VP of Corporation

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