Civic Intelligence

Averett University

990 • Fiscal year 2011 • EIN 54-0129860

Jul 01, 2010 to Jun 30, 2011 • Filed on May 14, 2012

420 West Main Street24541
Siviq Scores

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

Liabilities / Assets

51st percentile

0.37x

Higher debt load relative to assets than 51% of similar nonprofits.

2011 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2011

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2011

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on this filing.

Source year 2011

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2011

Asset Growth

97th percentile

44%

Faster asset growth than 97% of similar nonprofits.

2011 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2010 to 2011

Revenue Growth

Score unavailable

No value available

No valid filing value is available for this score.

Assets

Up

$65,651,238

Up $20,157,418 (+44%) from 2010

Net Assets

Up

$41,349,390

Up $8,491,768 (+26%) from 2010

Liabilities

Up

$24,301,848

Up $11,665,650 (+92%) from 2010

Revenue

-

No earlier filing loaded for comparison.

Expenses

Up

$35,378,019

Up $3,675,818 (+12%) from 2010

Net Income

-

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$100M$50M$0Assets 2010: $45,493,820Liabilities 2010: $12,636,198Net Assets 2010: $32,857,6222010Assets 2011: $65,651,238Liabilities 2011: $24,301,848Net Assets 2011: $41,349,3902011Assets 2012: $62,438,868Liabilities 2012: $23,078,481Net Assets 2012: $39,360,3872012Assets 2013: $69,557,417Liabilities 2013: $26,099,510Net Assets 2013: $43,457,9072013Assets 2014: $69,577,102Liabilities 2014: $25,214,689Net Assets 2014: $44,362,4132014Assets 2015: $71,670,954Liabilities 2015: $23,965,314Net Assets 2015: $47,705,6402015Assets 2016: $69,310,867Liabilities 2016: $22,964,306Net Assets 2016: $46,346,5612016Assets 2017: $67,363,097Liabilities 2017: $20,592,481Net Assets 2017: $46,770,6162017Assets 2018: $73,191,613Liabilities 2018: $22,410,716Net Assets 2018: $50,780,8972018Assets 2019: $75,904,199Liabilities 2019: $25,545,709Net Assets 2019: $50,358,4902019Assets 2020: $74,339,676Liabilities 2020: $23,028,483Net Assets 2020: $51,311,1932020Assets 2021: $81,230,669Liabilities 2021: $23,768,418Net Assets 2021: $57,462,2512021Assets 2022: $74,504,725Liabilities 2022: $26,397,854Net Assets 2022: $48,106,8712022Assets 2023: $78,643,056Liabilities 2023: $34,060,403Net Assets 2023: $44,582,6532023Assets 2024: $68,836,187Liabilities 2024: $33,163,536Net Assets 2024: $35,672,6512024

Highlighted filing

2011

Assets$65,651,238
Liabilities$24,301,848
Net Assets$41,349,390

Operations Trend

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

$80M$60M$40M$20M$0-$20MExpenses 2010: $31,702,2012010Expenses 2011: $35,378,0192011Expenses 2012: $38,198,8682012Expenses 2013: $45,384,5122013Revenue 2014: $43,509,992Expenses 2014: $43,278,264Net Income 2014: $231,7282014Revenue 2015: $46,243,207Expenses 2015: $41,350,665Net Income 2015: $4,892,5422015Revenue 2016: $43,967,154Expenses 2016: $44,419,650Net Income 2016: -$452,4962016Revenue 2017: $42,100,768Expenses 2017: $43,935,533Net Income 2017: -$1,834,7652017Revenue 2018: $50,335,729Expenses 2018: $47,360,819Net Income 2018: $2,974,9102018Revenue 2019: $51,020,635Expenses 2019: $48,803,695Net Income 2019: $2,216,9402019Revenue 2020: $51,016,894Expenses 2020: $48,500,590Net Income 2020: $2,516,3042020Revenue 2021: $53,271,038Expenses 2021: $52,319,002Net Income 2021: $952,0362021Revenue 2022: $52,537,799Expenses 2022: $58,894,855Net Income 2022: -$6,357,0562022Revenue 2023: $54,663,239Expenses 2023: $60,055,807Net Income 2023: -$5,392,5682023Revenue 2024: $54,255,552Expenses 2024: $63,574,928Net Income 2024: -$9,319,3762024

Highlighted filing

2011

Revenue-
Expenses$35,378,019
Net Income-
Jump To
Filing Snapshot
Filing Period
Jul 1, 2010 to Jun 30, 2011
Signed
May 14, 2012
Return Version
2010v3.4
Gross Receipts
$38,449,394
Mission and Program Overview

Mission

Averett university prepares students to serve and lead as catalysts for positive change. Averett fulfills this mission by educating students from diverse backgrounds, cultures and nations through liberal arts-based undergraduate and graduate programs in a personal, collegial, interdisciplinary environment.

Filing and Contact Details

Filer

EIN
54-0129860
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IRS990/GrantsAndSimilarAmntsPriorYear07066996
IRS990/GrantsPayable/BOY02605070
IRS990/GrantsPayable/EOY02590381
IRS990/GrantsToDomesticIndividuals/ProgramServices08417088
IRS990/GrantsToDomesticIndividuals/Total08417088
IRS990/GrantsToIndividuals01
IRS990/GrantsToOrganizations00
IRS990/GrantToRelatedPerson00
IRS990/GrossReceipts038449394
IRS990/GroupReturnForAffiliates00
IRS990/Hospital00
IRS990/IndependentAuditFinancialStmt01
IRS990/IndoorTanningServices00
IRS990/InfoInScheduleOPartIII0X
IRS990/InfoInScheduleOPartVI0X
IRS990/InfoInScheduleOPartXI0X
IRS990/InfoInScheduleOPartXII0X
IRS990/InformationTechnology/ManagementAndGeneral013408
IRS990/InformationTechnology/ProgramServices0304448
IRS990/InformationTechnology/Total0317856
IRS990/Insurance/ManagementAndGeneral013017
IRS990/Insurance/ProgramServices0303529
IRS990/Insurance/Total0316546
IRS990/Interest/ManagementAndGeneral094041
IRS990/Interest/ProgramServices0580084
IRS990/Interest/Total0674125
IRS990/InvestmentIncomeCurrentYear03147328
IRS990/InvestmentIncome/ExclusionAmount03147328
IRS990/InvestmentIncomePriorYear0727351
IRS990/InvestmentIncome/TotalRevenueColumn03147328
IRS990/InvestmentInJointVenture00
IRS990/InvestmentsOtherSecurities/BOY017125897
IRS990/InvestmentsOtherSecurities/EOY024460773
IRS990/InvestTaxExemptBonds00
IRS990/LandBldgEquipmentAccumDeprec020758874
IRS990/LandBuildingsEquipmentBasis049950299
IRS990/LandBuildingsEquipmentBasisNet/BOY015230316
IRS990/LandBuildingsEquipmentBasisNet/EOY029191425
IRS990/LoanToOfficerOrDQP00
IRS990/LobbyingActivities00
IRS990/LocalChapters00
IRS990/MaterialDiversionOrMisuse00
IRS990/MembersOrStockholders00
IRS990/MethodOfAccountingAccrual0X
IRS990/MinutesOfCommittees01
IRS990/MinutesOfGoverningBody01
IRS990/MissionDescription0AVERETT UNIVERSITY OFFERS COURSES OF STUDY LEADING TO BACHELOR'S AND MASTER'S DEGREES ON CAMPUS IN DANVILLE, VIRGINIA AND AT REGIONAL CENTERS THROUGHOUT VIRGINIA. AVERETT PREPARES ITS STUDENTS FOR SUCCESSFUL LIVES THROUGH PERSONAL ATTENTION OF EACH STUDENT. IN THE LIBERAL ARTS TRADITION, STUDENTS ARE ENCOURAGED TO ASK AND ANSWER IMPORTANT QUESTIONS, FORM AND DEFEND JUDGEMENTS, AND THOUGHTFULLY EVALUATE DIVERSE VIEWS. IN ACCORDANCE WITH OUR CHRISTIAN HERITAGE, WE VALUE ACADEMIC AND RELIGIOUS FREEDOM, SPIRITUAL GROWTH, ACADEMIC EXCELLENCE, DIVERSITY, AND TOLERANCE.
IRS990/MoreThan5000KToIndividuals00
IRS990/MoreThan5000KToOrganizations00
IRS990/MortNotesPyblSecuredInvestProp/BOY02023494
IRS990/MortNotesPyblSecuredInvestProp/EOY02475665
IRS990/NameOfPrincipalOfficerPerson0TIFFANY M FRANKS
IRS990/NbrIndependentVotingMembers027
IRS990/NbrVotingGoverningBodyMembers027
IRS990/NbrVotingMembersGoverningBody027
IRS990/NetAssetsOrFundBalancesBOY032857622
IRS990/NetAssetsOrFundBalancesEOY041349390
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IRS990/NoncashContributions0165943
IRS990/NonDeductibleContributions00
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Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$68.8$33.2$35.7$54.3$63.6$9.32
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$78.6$34.1$44.6$54.7$60.1$5.39
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$74.5$26.4$48.1$52.5$58.9$6.36
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$81.2$23.8$57.5$53.3$52.3$0.95
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$74.3$23.0$51.3$51.0$48.5$2.52
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$75.9$25.5$50.4$51.0$48.8$2.22
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$73.2$22.4$50.8$50.3$47.4$2.97
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$67.4$20.6$46.8$42.1$43.9$1.83
2016Detailed filing. Detailed filing data is available for this year.$69.3$23.0$46.3$44.0$44.4$0.45
2015Detailed filing. Detailed filing data is available for this year.$71.7$24.0$47.7$46.2$41.4$4.89
2014Detailed filing. Detailed filing data is available for this year.$69.6$25.2$44.4$43.5$43.3$0.23
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$69.6$26.1$43.5$45.4
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$62.4$23.1$39.4$38.2
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$65.7$24.3$41.3$35.4
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$45.5$12.6$32.9$31.7
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2011 filings • 501(c)3 • $50M-$100M nonprofits