Civic Intelligence

Washington Adventist University

990 • Fiscal year 2022 • EIN 52-0643528

Jul 01, 2021 to Jun 30, 2022 • Filed on May 12, 2023

Refreshing map…

7600 Flower AvenueTakoma Park, MD 20912

(301) 891-4551

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

78th percentile

0.57x

Higher debt load relative to assets than 78% of similar nonprofits.

2022 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2022

Liabilities / Revenue

75th percentile

0.87x

Higher debt load relative to revenue than 75% of similar nonprofits.

2022 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2022

Net Margin

7th percentile

-39%

Higher net margin than 7% of similar nonprofits.

2022 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2022

Top Officer Pay

53rd percentile

$261,607

Higher top officer pay than 53% of similar nonprofits.

Top officer pay equals 0.9% of source-year revenue.

2022 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2022

Asset Growth

5th percentile

-19%

Faster asset growth than 5% of similar nonprofits.

2022 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2021 to 2022

Revenue Growth

20th percentile

-16%

Faster revenue growth than 20% of similar nonprofits.

2022 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2021 to 2022

Assets

Down

$46,663,688

Down $10,947,825 (-19%) from 2021

Net Assets

Down

$20,157,050

Down $13,309,367 (-40%) from 2021

Liabilities

Up

$26,506,638

Up $2,361,542 (+9.8%) from 2021

Revenue

Down

$30,377,539

Down $5,963,403 (-16%) from 2021

Expenses

Up

$42,073,313

Up $7,753,900 (+23%) from 2021

Net Income

Down

-$11,695,774

Down $13,717,303 (-679%) from 2021

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$80M$60M$40M$20M$0Assets 2011: $39,030,543Liabilities 2011: $12,645,240Net Assets 2011: $26,385,3032011Assets 2012: $43,934,980Liabilities 2012: $12,107,167Net Assets 2012: $31,827,8132012Assets 2013: $47,765,327Liabilities 2013: $15,434,613Net Assets 2013: $32,330,7142013Assets 2014: $47,235,963Liabilities 2014: $15,520,301Net Assets 2014: $31,715,6622014Assets 2015: $47,268,953Liabilities 2015: $15,282,510Net Assets 2015: $31,986,4432015Assets 2016: $50,788,424Liabilities 2016: $17,966,668Net Assets 2016: $32,821,7562016Assets 2017: $59,993,427Liabilities 2017: $24,823,985Net Assets 2017: $35,169,4422017Assets 2018: $62,945,464Liabilities 2018: $24,524,413Net Assets 2018: $38,421,0512018Assets 2019: $58,503,603Liabilities 2019: $24,913,653Net Assets 2019: $33,589,9502019Assets 2020: $58,179,656Liabilities 2020: $27,024,999Net Assets 2020: $31,154,6572020Assets 2021: $57,611,513Liabilities 2021: $24,145,096Net Assets 2021: $33,466,4172021Assets 2022: $46,663,688Liabilities 2022: $26,506,638Net Assets 2022: $20,157,0502022Assets 2023: $42,392,094Liabilities 2023: $28,680,255Net Assets 2023: $13,711,8392023

Highlighted filing

2022

Assets$46,663,688
Liabilities$26,506,638
Net Assets$20,157,050

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$60M$40M$20M$0-$20MExpenses 2011: $36,593,9572011Expenses 2012: $41,515,6632012Expenses 2013: $41,095,5552013Revenue 2014: $37,778,493Expenses 2014: $38,516,036Net Income 2014: -$737,5432014Revenue 2015: $37,893,340Expenses 2015: $37,243,405Net Income 2015: $649,9352015Revenue 2016: $36,428,408Expenses 2016: $35,357,923Net Income 2016: $1,070,4852016Revenue 2017: $40,068,197Expenses 2017: $37,958,931Net Income 2017: $2,109,2662017Revenue 2018: $44,643,108Expenses 2018: $41,425,124Net Income 2018: $3,217,9842018Revenue 2019: $37,642,795Expenses 2019: $42,955,065Net Income 2019: -$5,312,2702019Revenue 2020: $36,010,554Expenses 2020: $37,969,147Net Income 2020: -$1,958,5932020Revenue 2021: $36,340,942Expenses 2021: $34,319,413Net Income 2021: $2,021,5292021Revenue 2022: $30,377,539Expenses 2022: $42,073,313Net Income 2022: -$11,695,7742022Revenue 2023: $29,533,078Expenses 2023: $35,976,468Net Income 2023: -$6,443,3902023

Highlighted filing

2022

Revenue$30,377,539
Expenses$42,073,313
Net Income-$11,695,774
Jump To
Filing Snapshot
Filing Period
Jul 1, 2021 to Jun 30, 2022
Signed
May 12, 2023
Return Version
2021v4.0
Gross Receipts
$30,942,201
Mission and Program Overview

Mission

Washington adventist university is a learning community committed to the seventh-day adventist christian vision of excellence and service. This cosmopolitan institution challenges students to seize the opportunities for learning in the nation's capital in order to become moral leaders in communities throughout the world. Founded in 1904, washington adventist university is a residential christian institution offering formal instruction to students of all backgrounds, providing a regular curriculum of undergraduate degrees, graduate degrees, and professional certificates in health sciences and liberal arts in a setting that is academically challenging and christ centered. In the classroom wau students benefit from a low student to faculty ratio and highly qualified faculty committed to every student's success. Wau conferred 14 associates, 201 bachelors, and 59 masters degrees on 274 students, from an enrollment of 968 students (unduplicated headcount)during the fiscal year ended june 30,

Washington adventist university is a learning community committed to the seventh-day adventist christian vision of excellence and service. This cosmopolitan institution challenges students to seize the opportunities for learning in the nation's capital in order to become moral leaders in communities throughout the world. Founded in 1904, washington adventist university is a residential christian institution offering formal instruction to students of all backgrounds, providing a regular curriculum of undergraduate degrees, graduate degrees, and professional certificates in health sciences and liberal arts in a setting that is academically challenging and christ centered. In the classroom wau students benefit from a low student to faculty ratio and highly qualified faculty committed to every student's success. Wau conferred 12 associates, 166 bachelors, and 47 masters degrees on 225 students, from an enrollment of 785 students (unduplicated headcount)during the fiscal year ended june 30,

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$32,541,408$31,031,979▼ $1,509,429
Other Notes and Loans Receivable, Net$10,329,147$10,105,588▼ $223,559
Accounts Receivable$8,313,732$2,637,908▼ $5,675,824
Cash and Non-Interest-Bearing Accounts$2,038,037$1,032,593▼ $1,005,444
Savings and Temporary Cash Investments$1,904,573$931,213▼ $973,360
Investments in Publicly Traded Securities$1,052,385$398,851▼ $653,534
Inventories for Sale or Use$117,834$129,227▲ $11,393
Pledges and Grants Receivable$915,293$113,902▼ $801,391
Prepaid Expenses and Deferred Charges$195,124$111,161▼ $83,963
Total Assets$57,611,513$46,663,688▼ $10,947,825
Other Assets Total$203,980$171,266▼ $32,714
Liabilities
Mortgage Notes Payable Secured by Investment Property$17,642,621$20,498,563▲ $2,855,942
Accounts Payable and Accrued Expenses$4,036,291$4,788,942▲ $752,651
Other Liabilities$1,293,571$1,033,343▼ $260,228
Deferred Revenue$1,172,613$185,790▼ $986,823
Total Liabilities$24,145,096$26,506,638▲ $2,361,542
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$31,202,449$15,172,757▼ $16,029,692
Net Assets With Donor Restrictions$2,263,968$4,984,293▲ $2,720,325
Total Net Assets Fund Balance$33,466,417$20,157,050▼ $13,309,367
Total Liabilities and Net Assets / Fund Balance$57,611,513$46,663,688▼ $10,947,825

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$27,693,943$24,974,648$51,214,926
Equipment$2,329,076$11,380,613$13,709,689
Land$1,008,960-$1,008,960

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2021$2,547,416$550▲ $32,114$2,914$2,577,166
2020$2,063,585$25,000▲ $474,607$15,776$2,547,416
2019$1,673,875$955▲ $388,755-$2,063,585
2018$2,729,669$1,051▼ $291,445$765,400$1,673,875
2017$2,461,712$18,586▲ $329,419$80,048$2,729,669
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Weymouth SpenceUniversity PFT$185,138$76,469$261,607
Weymouth SpenceUniversity President-$105,000$156,607$261,607
Grant LeitmaProfessorFT$118,756$16,256$135,012
Grethel BradfordProfessorFT$110,565$17,556$128,121
Patrick FarleyExec VP of FFT$110,538$17,263$127,801
Issa KagaboProfessorFT$111,719$15,443$127,162
Cheryl KisunzuSecretary &FT$105,350$15,078$120,428
Preston HawesBoard MemberFT$65,837$9,278$75,115

Board Members and Trustees

NameTitle
Dave WeigleyBoard Chair
Albert ReeceBoard Member
Alex BarrientosBoard Member
Andre HardyBoard Member
Anthony StahlBoard Member
Bob CundiffBoard Member
Brendon JohnsonBoard Member
Bruce BoyerBoard Member
Carol StewartBoard Member
Celeste Ryan BlydenBoard Member
Charles TappBoard Member
Deborah HillBoard Member
Donald E Melnick MdBoard Member
Donovan RossBoard Member
Duane DorchBoard Member
Emmanuel AsieduBoard Member
Evelyn BataBoard Member
Gary GibbsBoard Member
Hanna BlakeBoard Member
Henry Fordham IiiBoard Member
Jerry LutzBoard Member
Jorge AgueroBoard Member
Lois PetersBoard Member
Marta PerezBoard Member
Marvin BrownBoard Member
Mike HewittBoard Member
Pete PalmerBoard Member
Renee Battle-brooksBoard Member
Richard RajarathinamBoard Member
Rick RemmersBoard Member
Rosemary AscencioBoard Member
Sandra LoughlinBoard Member
Stephen BrennwaldBoard Member
Terry FordeBoard Member
Tim BaileyBoard Member
Vijayan CharlesBoard Member

Highest Paid Contractors

ContractorServicesLocationCompensation
Ellucian INCComputer Svcs62578 COLLECTIONS CENTER DRIVE, Chicago, IL 60693-0628$251,091
Aladdin Food Management ServicesFood Management775 WOODLANDS PARKWAY SUITE 100, Ridgeland, MS 39157$214,912
EabEnrl Mktg SvcsPO BOX 603519, Charlotte, NC 28260-3519$204,800
Cline Brandt Kochenower & Co PaAudit ServicesPO BOX 848, Gaffney, SC 29342$175,668
Office CareBuilding Maint8657 CHERRY LANE, Laurel, MD 20707$162,210
Revenue and Support

Revenue Composition

Contributions and Grants
$12,058,607
Program Service Revenue
$17,260,872
Investment Income
$922,483
Other Revenue
$135,577
All Other Contributions
$904,378
Change in Net Assets
$-11,695,774

Audited Revenue Reconciliation

Revenue per Audited Statements
$23,457,015
Revenue Not Reported on Financial Statements
$6,920,524
Revenue Not Reported on Form 990
$-385,874
Other Revenue Adjustments
$6,920,524
Total Revenue per Audited Statements
$23,071,141
Total Revenue per Form 990
$30,377,539
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$18,224,102
Salaries, Compensation, and Employee Benefits$15,381,886
Grants and Similar Amounts Paid$8,467,325
Total Fundraising Expense$189,615
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$8,230,049$2,351,442$106,884$10,688,375
Grants to Domestic Individuals$8,467,325--$8,467,325
Fees for Services Other$2,939,248--$2,939,248
Depreciation Depletion$1,282,826$631,840-$1,914,666
Other Employee Benefits$1,434,849$409,957$18,634$1,863,440
Pension Plan Contributions$1,304,739$372,783$16,945$1,694,467
Information Technology$778,591$778,591-$1,557,182
Occupancy$1,194,398$306,256$30,625$1,531,279
Office Expenses$782,268$304,215-$1,086,483
Payroll Taxes$559,792$159,941$7,270$727,003
Interest$657,749--$657,749
Insurance$570,109--$570,109
All Other Expenses$411,620$48,408-$460,028
Current Officers, Directors, Trustees, and Key Employees$126,327$273,017$9,257$408,601
Advertising-$317,608-$317,608
Other Expenses$149,046$52,367-$201,413
Fees for Services Accounting-$195,120-$195,120
Travel$116,660$14,419-$131,079
Fees for Services Legal-$100,472-$100,472
Fees for Services Management-$36,618-$36,618
Fees for Service Investment Mgmnt Fees-$12,456-$12,456
Conferences and Meetings$2,635$1,240-$3,875
Total Functional Expenses$34,961,132$6,922,566$189,615$42,073,313

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$42,073,313
Total Expenses per Audited Statements$35,198,642
Expenses per Audited Statements$35,152,789
Expenses Not Reported on Financial Statements$6,920,524
Other Expense Adjustments$6,920,524
Expenses Not Reported on Form 990$45,853
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$59,641
Fundraising Direct Expenses$45,853
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Visionaries Gal$92,741$59,641$17,875$41,766
Total Events$92,741$59,641$45,853$13,788
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Richard RajarathinamBoard Member/Janitorial ServicesNo$296,625
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Refundable Advance$492,765
Class Agency Funds$425,544
Student Dormitory Deposits$115,034
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
Yes
Business relationship with family members
No
Business relationship with organization members
Yes
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
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 2

Dr. Weymouth spence - wau preston hawes - wau president professor employer/employee relationship terry forde - adventist healthcare brendon johnson-adventist healthcar president sr vp employer/employee relationship terry forde- adventist healthcare marta perez- adventist healthcare president sr vp employer/employee relationship

Form 990, Page 6, Part VI, Line 6

Washington adventist university (wau) is a non-stock membership corporation, the members, called the constituency, have the right to elect the wau board of trustees. Members (constituents) have no rights to any of the organization's profits or net assets upon dissolution, nor do they have any rights to receive distributions of income or assets from the organization.

Form 990, Page 6, Part VI, Line 7A

The organization is a membership corporation. The membership, which is called the organization's constituency, convenes at regularly scheduled constituency meetings to elect the organization's board of trustees. Regular meetings are every five years, with the last such meeting held may 21, 2021. The constituency is not divided into classes of membership. Vacancies on the board of trustees occuring between regulary scheduled constituency meetings are filled by the board of trustees. The board of trustees directs the business and affairs of the organization by electing officers and performing other tasks normally within the power of a university board of trustees.

Form 990, Page 6, Part VI, Line 11B

A draft copy, prepared by an independent cpa, was reviewed by wau administration as well as by wau's outside attorney. After making changes suggested by them, a revised form 990 was prepared by the independent cpa. It was then sent electronically to all voting members of the wau board of trustees. The university attorney presented the form 990 to the entire board of trustees at the regular-scheduled meeting on may 10, 2023, where the board had the opportunity to ask questions, make comments and review it in detail.

Form 990, Page 6, Part VI, Line 12C

The executive assistant to the president makes copies of the conflict of interest form and distributes them at the board meeting in september for the current academic year. She keeps a tally of who returns the signed sheets.if the forms are not returned, she emails the form twice. If she doesn't receive something in return, she mails the form to the board members who still need to sign them.

Form 990, Page 6, Part VI, Line 15A

The compensation committee reviewed compensation of presidents of private npo schools in maryland using information available on the various micua schools' form 990. The compensation committee also reviewed what other adventist institutions are paying their presidents. Based on our comparisons, the compensation committee decided that 150,000 would be appropriate base pay if we wanted to remain competitive in attracting talent to our university.

Form 990, Page 6, Part VI, Line 15B

The compensation committee reviewed compensation of provosts and vice presidents of private npo schools in maryland using information micua provided. The compensation committee also reviewed what other adventist institutions are paying their other officers. Based on our comparisons, the compensation committee decided that 122,500 would be appropriate base pay for the provost and 120,000 for the executive vice president, finance if we wanted to remain competitive in attracting talent to our university.

Form 990, Page 6, Part VI, Line 19

We include our financial statements on our website. Copies of the 990 public inspection copy are available upon request and are included on guidestar's website as well. All other public inspection copies of governing documents are available upon request.

Filing and Contact Details

Filer

Filer Name
Washington Adventist University
EIN
52-0643528
Phone
3018914551
Address
7600 FLOWER AVENUE, TAKOMA PARK, MD 20912

Signing Officer

Name
Patrick Farley
Title
Exec VP of Finance
Phone
3018914551
Signed
2023-05-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Weymouth Spence
Formed
1904
Legal Domicile
Md
Voting Board Members
32
Independent Board Members
29
Employees
504
Volunteers
30

Preparer

Firm
Cline Brandt Kochenower & Co Pa
Address
1225 W FLOYD BAKER BLVD, GAFFNEY, SC 29341
Preparer
Ben D Kochenower CPA
Phone
8644897121
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

Washington adventist university is a learning community committed to the seventh-day adventist christian vision of excellence and service. This cosmopolitan institution challenges students to seize the opportunities for learning in the nation's capital in order to become moral leaders in communities throughout the world. Founded in 1904, washington adventist university is a residential christian institution offering formal instruction to students of all backgrounds, providing a regular curriculum of undergraduate degrees, graduate degrees, and professional certificates in health sciences and liberal arts in a setting that is academically challenging and christ centered. In the classroom wau students benefit from a low student to faculty ratio and highly qualified faculty committed to every student's success. Wau conferred 12 associates, 166 bachelors, and 47 masters degrees on 225 students, from an enrollment of 785 students (unduplicated headcount)during the fiscal year ended june 30, 2022. The university's 19-acre campus of historical architectural beauty is located in takoma park, maryland, a safe and desirable residential neighborhood bordering washington, dc. This proximity to an important world city distinguishes it from other adventist and christian universities. Outside of the classroom, students can enhance learning through participation in a variety of enriching activities, including world class performing arts groups, opportunities for worship and service outreach, artistic and cultural opportunities, student clubs, and intramural and varsity sports. Student life is characterized by wau's multicultural and spiritual living and learning environment, which fosters the values of service beyond oneself and wellness in body, mind and spirit.

Form 990, Page 1, Part I, Line 6

Donated services the university receives a significant amount of donated services from unpaid volunteers who assist in fund-raising and special projects. No amounts have been recognized on the statement of activities in the financial statements or because the criteria for recognition under asc 958 -605-25 have not been satisfied.

Financial Statement Notes

Schedule D, Page 4, Part XI, Line 2D

Direct fundraising expense shown on revenue schedule t/r 45,853

Schedule D, Page 4, Part XI, Line 4B

Scholarship discounts shown as net revenue on financial st 6,920,524

Schedule D, Page 4, Part XII, Line 2D

Direct fundraising expense shown on revenue schedule t/r 45,853

Schedule D, Page 4, Part XII, Line 4B

Scholarship discounts shown on tax return as grants to ind 6,920,524

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IRS990/Form990PartVIISectionAGrp/TitleTxt0UNIVERSITY P
IRS990/Form990PartVIISectionAGrp/TitleTxt1PROFESSOR
IRS990/Form990PartVIISectionAGrp/TitleTxt2PROFESSOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3EXEC VP OF F
IRS990/Form990PartVIISectionAGrp/TitleTxt4PROFESSOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5SECRETARY &

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Summary only. Only limited summary data is available for this year.$42.4$28.7$13.7$29.5$36.0$6.44
2022Detailed filing. Detailed filing data is available for this year.$46.7$26.5$20.2$30.4$42.1$11.7
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$57.6$24.1$33.5$36.3$34.3$2.02
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$58.2$27.0$31.2$36.0$38.0$1.96
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$58.5$24.9$33.6$37.6$43.0$5.31
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$62.9$24.5$38.4$44.6$41.4$3.22
2017Summary only. Only limited summary data is available for this year.$60.0$24.8$35.2$40.1$38.0$2.11
2016Detailed filing. Detailed filing data is available for this year.$50.8$18.0$32.8$36.4$35.4$1.07
2015Detailed filing. Detailed filing data is available for this year.$47.3$15.3$32.0$37.9$37.2$0.65
2014Detailed filing. Detailed filing data is available for this year.$47.2$15.5$31.7$37.8$38.5$0.74
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$47.8$15.4$32.3$41.1
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$43.9$12.1$31.8$41.5
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$39.0$12.6$26.4$36.6