Civic Intelligence

Atlantic University

990 • Fiscal year 2017 • EIN 54-0784341

Jan 01, 2017 to Dec 31, 2017 • Filed on May 14, 2018

215 67th StreetVirginia Beach, VA 23451

(757) 631-8101

Siviq Scores

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

Liabilities / Assets

92nd percentile

0.67x

Higher debt load relative to assets than 92% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Liabilities / Revenue

95th percentile

0.87x

Higher debt load relative to revenue than 95% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Net Margin

75th percentile

19%

Higher net margin than 75% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Top Officer Pay

99th percentile

$145,761

Higher top officer pay than 99% of similar nonprofits.

Top officer pay equals 38.4% of source-year revenue.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Asset Growth

76th percentile

26%

Faster asset growth than 76% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Annualized from 2016 to 2017

Revenue Growth

75th percentile

25%

Faster revenue growth than 75% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Annualized from 2016 to 2017

Assets

Up

$491,323

Up $102,722 (+26%) from 2016

Net Assets

Up

$161,080

Up $105,721 (+191%) from 2016

Liabilities

Down

$330,243

Down $2,999 (-0.9%) from 2016

Revenue

Up

$379,507

Up $74,899 (+25%) from 2016

Expenses

Down

$306,983

Down $54,572 (-15%) from 2016

Net Income

Up

$72,524

Up $129,471 (+227%) from 2016

Historical Trend

Balance Sheet Trend

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

$1.5M$1.0M$500K$0Assets 2010: $279,250Liabilities 2010: $168,847Net Assets 2010: $110,4032010Assets 2011: $297,826Liabilities 2011: $211,085Net Assets 2011: $86,7412011Assets 2012: $332,316Liabilities 2012: $264,812Net Assets 2012: $67,5042012Assets 2013: $353,650Liabilities 2013: $244,756Net Assets 2013: $108,8942013Assets 2014: $372,898Liabilities 2014: $237,175Net Assets 2014: $135,7232014Assets 2015: $362,970Liabilities 2015: $259,422Net Assets 2015: $103,5482015Assets 2016: $388,601Liabilities 2016: $333,242Net Assets 2016: $55,3592016Assets 2017: $491,323Liabilities 2017: $330,243Net Assets 2017: $161,0802017Assets 2018: $510,781Liabilities 2018: $300,213Net Assets 2018: $210,5682018Assets 2019: $582,932Liabilities 2019: $304,412Net Assets 2019: $278,5202019Assets 2020: $582,640Liabilities 2020: $329,197Net Assets 2020: $253,4432020Assets 2021: $599,474Liabilities 2021: $266,113Net Assets 2021: $333,3612021Assets 2022: $643,991Liabilities 2022: $370,739Net Assets 2022: $273,2522022Assets 2023: $874,659Liabilities 2023: $457,056Net Assets 2023: $417,6032023Assets 2024: $1,079,498Liabilities 2024: $745,560Net Assets 2024: $333,9382024

Highlighted filing

2017

Assets$491,323
Liabilities$330,243
Net Assets$161,080

Operations Trend

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

$600K$400K$200K$0-$200KExpenses 2010: $453,9112010Expenses 2011: $509,6802011Expenses 2012: $462,2792012Revenue 2013: $389,149Expenses 2013: $370,006Net Income 2013: $19,1432013Revenue 2014: $413,432Expenses 2014: $410,279Net Income 2014: $3,1532014Revenue 2015: $373,801Expenses 2015: $383,080Net Income 2015: -$9,2792015Revenue 2016: $304,608Expenses 2016: $361,555Net Income 2016: -$56,9472016Revenue 2017: $379,507Expenses 2017: $306,983Net Income 2017: $72,5242017Revenue 2018: $500,696Expenses 2018: $400,548Net Income 2018: $100,1482018Revenue 2019: $456,035Expenses 2019: $445,814Net Income 2019: $10,2212019Revenue 2020: $411,676Expenses 2020: $383,258Net Income 2020: $28,4182020Revenue 2021: $468,916Expenses 2021: $384,981Net Income 2021: $83,9352021Revenue 2022: $360,327Expenses 2022: $344,675Net Income 2022: $15,6522022Revenue 2023: $455,938Expenses 2023: $340,921Net Income 2023: $115,0172023Revenue 2024: $275,799Expenses 2024: $386,016Net Income 2024: -$110,2172024

Highlighted filing

2017

Revenue$379,507
Expenses$306,983
Net Income$72,524
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
May 14, 2018
Return Version
2017v2.2
Gross Receipts
$391,635
Mission and Program Overview

Mission

Atlantic university provides a distance education learning environment that integrates body, mind and spirit to help people achieve higher human potential and transform their lives, better understand their relationship to all life, and be of profound services to others. The curriculum draws from the best of the humanities, social and natural sciences, psychology and religious and spiritual tranditions, to form a distinguished and relevant course of scholarship in the field of transformative theories and practices.

Atlantic university provides a distance education learning environment that integrates body, mind and spirit to help people achieve higher human potential and transform their lives, better understand their relationship to all life, and be of profound service to others. The curriculum draws from the best of the humanities, social and natural sciences, psychology and religious and spiritual tranditions, to form a distinguished and relevant course of scholarship in the field of transformative theories and practices.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$316,637$355,191▲ $38,554
Cash and Non-Interest-Bearing Accounts$12,826$95,584▲ $82,758
Accounts Receivable$34,971$40,548▲ $5,577
Intangible Assets$17,777--
Land, Buildings, and Equipment, Net$0--
Total Assets$388,601$491,323▲ $102,722
Other Assets Total$6,390$0▼ $6,390
Liabilities
Other Liabilities$239,748$267,003▲ $27,255
Deferred Revenue$93,494$63,240▼ $30,254
Total Liabilities$333,242$330,243▼ $2,999
Net Assets / Fund Balance
Permanently Rstr Net Assets$65,390$97,390▲ $32,000
Temporarily Rstr Net Assets$15,333$71,050▲ $55,717
Unrestricted Net Assets$-25,364$-7,360▲ $18,004
Total Net Assets Fund Balance$55,359$161,080▲ $105,721
Total Liabilities and Net Assets / Fund Balance$388,601$491,323▲ $102,722

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2017$322,479$32,000▲ $49,938$15,648$387,783
2016$299,778$16,337▲ $19,860$13,000$322,479
2015$315,202-▼ $71$14,500$299,778
2014$288,495$24,000▲ $16,599$12,700$315,202
2013$247,500$12,500▲ $29,505-$288,495
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Kevin TodeschiExecutive Director/CEO--$145,761$145,761
James Van AukenDirector of Atlantic UniveFT$63,485$25,688$89,173

Board Members and Trustees

NameTitle
William AustinTrustee, Board Chair
Dan DemarTrustee
Don CarrollTrustee
Doug KnuevenTrustee
Gorgiana AlonzoTrustee
Leslie CayceTrustee
Lora LittleTrustee
Lou UmscheidTrustee
Martha LovelandTrustee
Pat BishopTrustee
Penny SanchezTrustee
William BrownTrustee
Revenue and Support

Revenue Composition

Contributions and Grants
$118,779
Program Service Revenue
$246,216
Investment Income
$14,512
Other Revenue
$0
All Other Contributions
$118,779
Change in Net Assets
$72,524

Audited Revenue Reconciliation

Revenue per Audited Statements
$379,507
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$33,299
Total Revenue per Audited Statements
$412,806
Total Revenue per Form 990
$379,507
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$170,923
Other Expenses$136,060
Total Fundraising Expense$9,492
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$62,807$17,577$8,789$89,173
Fees for Services Other$83,519--$83,519
Other Salaries and Wages$68,521--$68,521
Advertising$25,187--$25,187
Payroll Taxes$11,120$1,406$703$13,229
Conferences and Meetings$11,555--$11,555
Office Expenses$5,426--$5,426
Other Expenses$4,533--$4,533
Travel$1,128--$1,128
Total Functional Expenses$278,508$18,983$9,492$306,983

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$307,085
Expenses per Audited Statements$306,983
Total Expenses per Form 990$306,983
Expenses Not Reported on Form 990$102
Expenses Not Reported on Financial Statements$0
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
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to A.r.e.$259,587
Accrued Vacation Payable$3,547
Accrued Wages$3,456
Accrued Payroll Tax$413
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
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, Section A, Line 2

James van auken is the son of john van auken, a director of association for research and enlightenment.

Form 990, Part VI, Section B, Line 11B

The form 990 tax return was made available on the board of trustee's website. Each board member received a personal e-mail notification that the tax return was available for viewing.

Form 990, Part VI, Section B, Line 12C

The a.r.e.'s board governance process requires all board of trustees members to complete a conflict of interest statement annually.

Form 990, Part VI, Section B, Line 15

All personnel salaries are based on wage area guidelines. Ceo compensation is established within guidelines per charity navigator.

Form 990, Part VI, Section C, Line 19

All information is available upon request. The 990 filing is also readily available in the a.r.e. Library. The 990 returns are also posted on guidestar, nonprofit website.

Filing and Contact Details

Filer

Filer Name
Atlantic University
EIN
54-0784341
Phone
7576318101
Address
215 67TH STREET, VIRGINIA BEACH, VA 23451

Signing Officer

Name
Kevin Todeschi
Title
Executive Director/CEO
Phone
7576318101
Signed
2018-05-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kevin Todeschi
Formed
1930
Legal Domicile
Va
Voting Board Members
12
Independent Board Members
12
Employees
6
Volunteers
16

Preparer

Firm
Pbmares Llp
Address
150 BOUSH STREET SUITE 400, NORFOLK, VA 23510
Preparer
Melissa H Tucker
Phone
7576274644
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 3

The major accomplishments of atlantic university, not reflected in the numbers includes, 1) the move from three, 14-week semesters to four, 12-week semesters per academic year; 2) a master's level tuition reduction from $1,540 per course to $1,080 per course; and 3) the addition of technology fees of $100 per student, per semester. The changes will make the university more competitive among other online universities, allowing students to complete their studies in less time. It also allows the university to increase the frequency of enrollments (with 4 semesters) while incurring a tuition reduction.

Form 990, Part IX, Line 11G

Payroll services: program service expenses 1,137. Management and general expenses 0. Fundraising expenses 0. Total expenses 1,137. Contracted services: program service expenses 82,382. Management and general expenses 0. Fundraising expenses 0. Total expenses 82,382.

FORM 990, PART XI, LINE 9:

Uncollectible accounts -102.

Part XI, Line 2C

The finance committee of the board is responsible for the oversight of the audit and the selection of the independent accountant. In june of each year, the finance committee listens to a report on the audit. The board then listens to the recommendation of management and votes on a motion to engage, or dis-engage the auditors based on proposal fees, number of years engaged, etc.

Form 990, Part V, Q 7G and 7H

Questions 7g and 7h do not apply to the organization because the organization did not have contributions of qualified intellectual property or contributions of cars, boats, airplanes or other vehicles during the year.

Financial Statement Notes

PART V, LINE 4:

Quasi-endowment funds are funds set aside of which earnings and/or principal are to be used for board-designated purposes.

PART X, LINE 2:

A.r.e. And its affiliates, e.c.f. And a.u., are exempt from income taxes under section 501(c)(3) of the internal revenue code, except on net income, if any, resulting from unrelated business taxable income. Fasb asc topic 740, income taxes, prescribes a recognition threshold and measurement attribute for the financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return. The organization's management has evaluated the impact of the standard to its consolidated financial statements. The organization's income tax returns are subject to examination by taxing authorities, generally for a period of three years from the date the returns are filed. The organization's policy is to classify income tax related interest and penalties in interest expense and other expenses, respectively.

PART XII, LINE 2D - OTHER ADJUSTMENTS:

Uncollectible accounts 102.

Raw XML AppendixShowing 400 of 553 raw XML fields

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/TitleTxt0TRUSTEE, BOARD CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt1TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt2TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt3TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt4TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt5TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt6TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt7TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt8TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt9TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt10TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt11TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt12EXECUTIVE DIRECTOR/CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR OF ATLANTIC UNIVE
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01930
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/ConsolidatedBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GainOrLossGrp/OtherAmt01256
IRS990/GainOrLossGrp/SecuritiesAmt07406
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt012
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/OtherAmt01256
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt019534
IRS990/GrossReceiptsAmt0391635
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt012
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartIXInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/IntangibleAssetsGrp/BOYAmt017777
IRS990/InvestmentIncomeGrp/ExclusionAmt05850
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt05850
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt0316637
IRS990/InvestmentsPubTradedSecGrp/EOYAmt0355191
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipBasisNetGrp/BOYAmt00
IRS990/LandBldgEquipCostOrOtherBssAmt00
IRS990/LegalDomicileStateCd0VA
IRS990/LessCostOthBasisSalesExpnssGrp/OtherAmt00
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt012128
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0ATLANTIC UNIVERSITY PROVIDES A DISTANCE EDUCATION LEARNING ENVIRONMENT THAT INTEGRATES BODY, MIND AND SPIRIT TO HELP PEOPLE ACHIEVE HIGHER HUMAN POTENTIAL AND TRANSFORM THEIR LIVES, BETTER UNDERSTAND THEIR RELATIONSHIP TO ALL LIFE, AND BE OF PROFOUND SERVICES TO OTHERS. THE CURRICULUM DRAWS FROM THE BEST OF THE HUMANITIES, SOCIAL AND NATURAL SCIENCES, PSYCHOLOGY AND RELIGIOUS AND SPIRITUAL TRADITIONS, TO FORM A DISTINGUISHED AND RELEVANT COURSE OF SCHOLARSHIP IN THE FIELD OF TRANSFORMATIVE THEORIES AND PRACTICES.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt055359
IRS990/NetAssetsOrFundBalancesEOYAmt0161080
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt08662
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt08662
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt033299
IRS990/NondeductibleContributionsInd00
IRS990/OfficeExpensesGrp/ProgramServicesAmt05426
IRS990/OfficeExpensesGrp/TotalAmt05426
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt06390
IRS990/OtherAssetsTotalGrp/EOYAmt00
IRS990/OtherChangesInNetAssetsAmt0-102
IRS990/OtherExpensesGrp/Desc0LICENSES AND FEES
IRS990/OtherExpensesGrp/Desc1PROGRAM EXPENSES
IRS990/OtherExpensesGrp/ProgramServicesAmt04712
IRS990/OtherExpensesGrp/ProgramServicesAmt14533
IRS990/OtherExpensesGrp/TotalAmt04712
IRS990/OtherExpensesGrp/TotalAmt14533
IRS990/OtherLiabilitiesGrp/BOYAmt0239748
IRS990/OtherLiabilitiesGrp/EOYAmt0267003
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt068521
IRS990/OtherSalariesAndWagesGrp/TotalAmt068521
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt0703
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt01406
IRS990/PayrollTaxesGrp/ProgramServicesAmt011120
IRS990/PayrollTaxesGrp/TotalAmt013229
IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt065390
IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt097390
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0KEVIN TODESCHI
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0611310
IRS990/ProgramServiceRevenueGrp/BusinessCd1900099
IRS990/ProgramServiceRevenueGrp/Desc0TUITION
IRS990/ProgramServiceRevenueGrp/Desc1OTHER PROGRAM SERVICE
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0232101
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt114115
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0232101
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt114115
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt048038
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt011168
IRS990/PYOtherExpensesAmt0175778
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt0245402
IRS990/PYRevenuesLessExpensesAmt0-56947
IRS990/PYSalariesCompEmpBnftPaidAmt0185777
IRS990/PYTotalExpensesAmt0361555
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0304608
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt072524
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0246216
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BoardDesignatedBalanceEOYPct00.73330
IRS990ScheduleD/CYEndwmtFundGrp/AdministrativeExpensesAmt0986
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt0322479
IRS990ScheduleD/CYEndwmtFundGrp/ContributionsAmt032000
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt0387783
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt049938
IRS990ScheduleD/CYEndwmtFundGrp/OtherExpendituresAmt015648
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/AdministrativeExpensesAmt0496
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt0299778
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/ContributionsAmt016337
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt0322479
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt019860
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/OtherExpendituresAmt013000
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/AdministrativeExpensesAmt0853
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt0315202
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt0299778
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-71
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/OtherExpendituresAmt014500
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/AdministrativeExpensesAmt01192
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt0288495
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/ContributionsAmt024000
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt0315202
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt016599
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/OtherExpendituresAmt012700
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/AdministrativeExpensesAmt01010
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt0247500
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/ContributionsAmt012500
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt0288495
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt029505
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd00
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd00
IRS990ScheduleD/ExpensesNotReportedAmt0102
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0306983
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/NetUnrealizedGainsInvstAmt033299
IRS990ScheduleD/OtherExpensesIncludedAmt0102
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt03456
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1413
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt23547
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt3259587
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0ACCRUED WAGES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1ACCRUED PAYROLL TAX
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2ACCRUED VACATION PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3DUE TO A.R.E.
IRS990ScheduleD/PrmnntEndowmentBalanceEOYPct00.25110
IRS990ScheduleD/RevenueNotReportedAmt033299
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0379507
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0QUASI-ENDOWMENT FUNDS ARE FUNDS SET ASIDE OF WHICH EARNINGS AND/OR PRINCIPAL ARE TO BE USED FOR BOARD-DESIGNATED PURPOSES.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1A.R.E. AND ITS AFFILIATES, E.C.F. AND A.U., ARE EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, EXCEPT ON NET INCOME, IF ANY, RESULTING FROM UNRELATED BUSINESS TAXABLE INCOME. FASB ASC TOPIC 740, INCOME TAXES, PRESCRIBES A RECOGNITION THRESHOLD AND MEASUREMENT ATTRIBUTE FOR THE FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT OF A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. THE ORGANIZATION'S MANAGEMENT HAS EVALUATED THE IMPACT OF THE STANDARD TO ITS CONSOLIDATED FINANCIAL STATEMENTS. THE ORGANIZATION'S INCOME TAX RETURNS ARE SUBJECT TO EXAMINATION BY TAXING AUTHORITIES, GENERALLY FOR A PERIOD OF THREE YEARS FROM THE DATE THE RETURNS ARE FILED. THE ORGANIZATION'S POLICY IS TO CLASSIFY INCOME TAX RELATED INTEREST AND PENALTIES IN INTEREST EXPENSE AND OTHER EXPENSES, RESPECTIVELY.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2UNCOLLECTIBLE ACCOUNTS 102.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART V, LINE 4:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART X, LINE 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2PART XII, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/TermEndowmentBalanceEOYPct00.01560
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalExpensesPerForm990Amt0306983
IRS990ScheduleD/TotalLiabilityAmt0267003
IRS990ScheduleD/TotalRevenuePerForm990Amt0379507
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0412806
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0307085
IRS990ScheduleE/ComplianceWithRevProc7550Ind01
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd00
IRS990ScheduleE/DiscriminateRaceAthltProgInd00
IRS990ScheduleE/DiscriminateRaceEducPlcyInd00
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd00
IRS990ScheduleE/DiscriminateRaceOtherActyInd00
IRS990ScheduleE/DiscriminateRaceSchsInd00
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd00
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd00
IRS990ScheduleE/GovernmentFinancialAidRcvdInd00
IRS990ScheduleE/GovernmentFinancialAidRvkdInd00
IRS990ScheduleE/MaintainCpyOfAllSolInd01
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd01
IRS990ScheduleE/MaintainRacialCompRecsInd01
IRS990ScheduleE/MaintainScholarshipsRecsInd01
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd01
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd01
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd01
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0ATLANTIC UNIVERSITY HAS INCLUDED THE POLICY IN ITS CATALOG THAT IS AVAILABLE ONLINE.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1N/A
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, PART I, LINE 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE E, PART I, LINE 4
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE MAJOR ACCOMPLISHMENTS OF ATLANTIC UNIVERSITY, NOT REFLECTED IN THE NUMBERS INCLUDES, 1) THE MOVE FROM THREE, 14-WEEK SEMESTERS TO FOUR, 12-WEEK SEMESTERS PER ACADEMIC YEAR; 2) A MASTER'S LEVEL TUITION REDUCTION FROM $1,540 PER COURSE TO $1,080 PER COURSE; AND 3) THE ADDITION OF TECHNOLOGY FEES OF $100 PER STUDENT, PER SEMESTER. THE CHANGES WILL MAKE THE UNIVERSITY MORE COMPETITIVE AMONG OTHER ONLINE UNIVERSITIES, ALLOWING STUDENTS TO COMPLETE THEIR STUDIES IN LESS TIME. IT ALSO ALLOWS THE UNIVERSITY TO INCREASE THE FREQUENCY OF ENROLLMENTS (WITH 4 SEMESTERS) WHILE INCURRING A TUITION REDUCTION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1JAMES VAN AUKEN IS THE SON OF JOHN VAN AUKEN, A DIRECTOR OF ASSOCIATION FOR RESEARCH AND ENLIGHTENMENT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE FORM 990 TAX RETURN WAS MADE AVAILABLE ON THE BOARD OF TRUSTEE'S WEBSITE. EACH BOARD MEMBER RECEIVED A PERSONAL E-MAIL NOTIFICATION THAT THE TAX RETURN WAS AVAILABLE FOR VIEWING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE A.R.E.'S BOARD GOVERNANCE PROCESS REQUIRES ALL BOARD OF TRUSTEES MEMBERS TO COMPLETE A CONFLICT OF INTEREST STATEMENT ANNUALLY.

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.08$0.75$0.33$0.28$0.39$0.11
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.87$0.46$0.42$0.46$0.34$0.12
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.64$0.37$0.27$0.36$0.34$0.02
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.60$0.27$0.33$0.47$0.38$0.08
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.58$0.33$0.25$0.41$0.38$0.03
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.58$0.30$0.28$0.46$0.45$0.01
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.51$0.30$0.21$0.50$0.40$0.10
2017Detailed filing. Detailed filing data is available for this year.$0.49$0.33$0.16$0.38$0.31$0.07
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.39$0.33$0.06$0.30$0.36$0.06
2015Detailed filing. Detailed filing data is available for this year.$0.36$0.26$0.10$0.37$0.38$0.01
2014Detailed filing. Detailed filing data is available for this year.$0.37$0.24$0.14$0.41$0.41$0.00
2013Detailed filing. Detailed filing data is available for this year.$0.35$0.24$0.11$0.39$0.37$0.02
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.33$0.26$0.07$0.46
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.30$0.21$0.09$0.51
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.28$0.17$0.11$0.45