Civic Intelligence

Allen University

990 • Fiscal year 2016 • EIN 57-0341191

Jul 01, 2015 to Jun 30, 2016 • Filed on May 01, 2017

Refreshing map…

1530 Harden StreetColumbia, SC 29204

(803) 255-5727

Siviq Scores

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

Liabilities / Assets

80th percentile

0.68x

Higher debt load relative to assets than 80% of similar nonprofits.

2016 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2016

Liabilities / Revenue

84th percentile

1.77x

Higher debt load relative to revenue than 84% of similar nonprofits.

2016 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2016

Net Margin

61st percentile

5.4%

Higher net margin than 61% of similar nonprofits.

2016 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2016

Top Officer Pay

47th percentile

$232,347

Higher top officer pay than 47% of similar nonprofits.

Top officer pay equals 1.4% of source-year revenue.

2016 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2016

Asset Growth

37th percentile

-0.3%

Faster asset growth than 37% of similar nonprofits.

2016 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2015 to 2016

Revenue Growth

22nd percentile

-9.5%

Faster revenue growth than 22% of similar nonprofits.

2016 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2015 to 2016

Assets

Down

$44,519,700

Down $136,292 (-0.3%) from 2015

Net Assets

Up

$14,085,541

Up $2,417,003 (+21%) from 2015

Liabilities

Down

$30,434,159

Down $2,553,295 (-7.7%) from 2015

Revenue

Down

$17,147,784

Down $1,789,820 (-9.5%) from 2015

Expenses

Down

$16,217,456

Down $195,760 (-1.2%) from 2015

Net Income

Down

$930,328

Down $1,594,060 (-63%) from 2015

Historical Trend

Balance Sheet Trend

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

$80M$60M$40M$20M$0Assets 2010: $42,749,887Liabilities 2010: $32,291,907Net Assets 2010: $10,457,9802010Assets 2011: $42,855,444Liabilities 2011: $32,327,468Net Assets 2011: $10,527,9762011Assets 2012: $42,947,812Liabilities 2012: $38,177,825Net Assets 2012: $4,769,9872012Assets 2013: $43,570,022Liabilities 2013: $39,578,291Net Assets 2013: $3,991,7312013Assets 2014: $42,355,904Liabilities 2014: $35,366,790Net Assets 2014: $6,989,1142014Assets 2015: $44,655,992Liabilities 2015: $32,987,454Net Assets 2015: $11,668,5382015Assets 2016: $44,519,700Liabilities 2016: $30,434,159Net Assets 2016: $14,085,5412016Assets 2017: $45,321,763Liabilities 2017: $28,540,533Net Assets 2017: $16,781,2302017Assets 2018: $45,511,752Liabilities 2018: $27,441,822Net Assets 2018: $18,069,9302018Assets 2019: $45,542,459Liabilities 2019: $26,290,012Net Assets 2019: $19,252,4472019Assets 2020: $46,904,067Liabilities 2020: $24,762,785Net Assets 2020: $22,141,2822020Assets 2021: $53,515,897Liabilities 2021: $6,678,918Net Assets 2021: $46,836,9792021Assets 2022: $68,026,738Liabilities 2022: $17,956,650Net Assets 2022: $50,070,0882022Assets 2023: $65,900,970Liabilities 2023: $13,177,930Net Assets 2023: $52,723,0402023Assets 2024: $64,184,513Liabilities 2024: $11,030,920Net Assets 2024: $53,153,5932024

Highlighted filing

2016

Assets$44,519,700
Liabilities$30,434,159
Net Assets$14,085,541

Operations Trend

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

$30M$20M$10M$0Revenue 2010: $19,298,482Expenses 2010: $18,050,684Net Income 2010: $1,247,7982010Expenses 2011: $24,639,2782011Expenses 2012: $23,798,2072012Expenses 2013: $17,880,9432013Revenue 2014: $17,205,445Expenses 2014: $14,208,062Net Income 2014: $2,997,3832014Revenue 2015: $18,937,604Expenses 2015: $16,413,216Net Income 2015: $2,524,3882015Revenue 2016: $17,147,784Expenses 2016: $16,217,456Net Income 2016: $930,3282016Revenue 2017: $17,093,437Expenses 2017: $14,709,177Net Income 2017: $2,384,2602017Revenue 2018: $17,926,379Expenses 2018: $16,637,679Net Income 2018: $1,288,7002018Revenue 2019: $19,364,865Expenses 2019: $18,182,348Net Income 2019: $1,182,5172019Revenue 2020: $21,920,132Expenses 2020: $19,031,297Net Income 2020: $2,888,8352020Revenue 2021: $27,497,385Expenses 2021: $19,768,183Net Income 2021: $7,729,2022021Revenue 2022: $28,653,626Expenses 2022: $25,420,517Net Income 2022: $3,233,1092022Revenue 2023: $26,101,460Expenses 2023: $24,788,080Net Income 2023: $1,313,3802023Revenue 2024: $25,927,415Expenses 2024: $25,545,952Net Income 2024: $381,4632024

Highlighted filing

2016

Revenue$17,147,784
Expenses$16,217,456
Net Income$930,328
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
May 1, 2017
Return Version
2015v3.0
Gross Receipts
$17,181,625
Mission and Program Overview

Mission

Allen University is an academic community which provides students an opportunity to obtain baccalaureate and graduate degrees in liberal arts and professional programs in traditional and distance education formats. The University has a strong unalterable commitment to teaching in delivery of its baccalaureate and graduate programs.

Allen University is an academic community, which provides students an opportunity to obtain a baccalaureate degree in liberal arts and professional programs.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$41,157,056$40,882,182▼ $274,874
Cash and Non-Interest-Bearing Accounts$1,843,322$1,769,999▼ $73,323
Savings and Temporary Cash Investments$732,822$734,959▲ $2,137
Accounts Receivable$581,682$619,911▲ $38,229
Pledges and Grants Receivable$202,672$400,785▲ $198,113
Prepaid Expenses and Deferred Charges$45,998$48,522▲ $2,524
Investments in Publicly Traded Securities$15,834--
Total Assets$44,655,992$44,519,700▼ $136,292
Other Assets Total$76,606$63,342▼ $13,264
Liabilities
Tax Exempt Bond Liabilities$24,775,737$24,392,058▼ $383,679
Other Liabilities$2,101,426$1,873,588▼ $227,838
Accounts Payable and Accrued Expenses$2,015,290$1,562,345▼ $452,945
Deferred Revenue$2,315,007$1,437,489▼ $877,518
Mortgage Notes Payable Secured by Investment Property$1,779,994$1,168,679▼ $611,315
Total Liabilities$32,987,454$30,434,159▼ $2,553,295
Net Assets / Fund Balance
Unrestricted Net Assets$11,115,654$13,696,459▲ $2,580,805
Permanently Rstr Net Assets$312,884$312,884→ $0
Temporarily Rstr Net Assets$240,000$76,198▼ $163,802
Total Net Assets Fund Balance$11,668,538$14,085,541▲ $2,417,003
Total Liabilities and Net Assets / Fund Balance$44,655,992$44,519,700▼ $136,292

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$24,306,458$17,943,234$42,249,692
Other Land Buildings$6,255,837$783,716$7,039,553
Equipment$3,363,552$2,483,003$5,846,555
Land$6,956,335-$1,651,335

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2015$312,884---$312,884
2014$312,884---$312,884
2013$312,884---$312,884
2012$312,884---$312,884
2011$312,884---$312,884
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Dr Lady-June ColePresidentFT$184,595$47,752$232,347
Mrs Ruby G FieldingVice President for Fiscal Affairs/Chief Financial OfficerFT$94,022-$94,022
Mrs Paige MooreVice President of Human ResourcesFT$79,339-$79,339
Mr William RobinsonVice President for Institutional AdvancementFT$73,974-$73,974
Dr Charlene SpearenVice President for Academic AffairsFT$70,767-$70,767
Mrs Marilyn DeBerryVice President of Student AffairsFT$68,962-$68,962

Highest Paid Contractors

ContractorServicesLocationCompensation
Pioneer College CaterersFood Services2684 East Sheepneck Road, Culleoka, TN 39451$1,275,849
GMK Associates IncConstruction Contractor1201 Main Street Suite 2100, Columbia, SC 29201$1,238,872
Honeywell Global FinancialSoftware TechnologiesP O Box 957168, St Louis, MO 63195$527,239
Thompson HospitalityFood Services1741 Business Ctr Drive Suite 200, Reston, VA 20190$264,619
Bdo USA LLPAccounting and Auditing Services770 Kenmoor Avenue SE Suite 300, Grand Rapids, MI 49546$194,648
Revenue and Support

Revenue Composition

Contributions and Grants
$5,804,902
Program Service Revenue
$10,913,866
Investment Income
$4,985
Other Revenue
$424,031
All Other Contributions
$2,394,907
Change in Net Assets
$930,328

Noncash Contribution Practices

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

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Other Non Cash Contri Table1$89,905Fair Market Value (FMV)
Other Non Cash Contri Table42$24,259Fair Market Value (FMV)
Other Non Cash Contri Table1$1,020Fair Market Value (FMV)
Clothing and Household Goods-$117-
Books and Publications-$113-
Total Noncash Contributions44$115,414-

Audited Revenue Reconciliation

Revenue per Audited Statements
$17,147,784
Total Revenue per Audited Statements
$17,147,784
Total Revenue per Form 990
$17,147,784
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$14,775,818
Grants and Similar Amounts Paid$822,227
Salaries, Compensation, and Employee Benefits$619,411
Total Fundraising Expense$185,315
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Expenses$1,645,584$4,926,538$185,315$6,757,437
All Other Expenses$1,825,092--$1,825,092
Grants to Domestic Individuals$822,227--$822,227
Current Officers, Directors, Trustees, and Key Employees-$619,411-$619,411
Total Functional Expenses$10,368,937$5,663,204$185,315$16,217,456

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$16,217,456
Total Expenses per Form 990$16,217,456
Total Expenses per Audited Statements$14,730,781
Expenses Not Reported on Form 990$-1,486,675
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$65,159
Fundraising Direct Expenses$33,841
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Allen UNCF Gala$75,159$65,159$13,882$51,277
Total Events$75,159$65,159$33,841$31,318
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Federal income taxes$1,873,588
Capital lease obligations-

Bond Issues

BondIssuerIssuedIssue PricePurpose
AEducational Facilities Authority for PHL2005-11-23$8,015,000Refund prior tax exempt bond

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A$8,015,000--$160,300

Bond Financing Compliance

Form 8038-T filed
Yes
Gross proceeds invested
No
Gross proceeds invested in GIC
No
Corrective action procedures
No
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
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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

The Universitys policy is that the Form 990 is reviewed by the President of the University. A detailed review is also completed by the Budget and Finance Committee of the Board of Trustees and compensation-related sections of the Form 990 are reviewed by Personnel Committee of the Board of Trustees. All voting members of the Board of Trustees are provided with a copy for review. This review process is completed before the Form 990 is filed with the Internal Revenue Service.

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

Trustees and employees sign a code of conduct upon joining the board and/or being hired and this code discusses conflicts of interest. If a potential conflict is disclosed, Human Resources conducts the assessment for employees and volunteers and the Board conducts the assessment for trustees.

Form 990, Part VI, Section B, Line 15A

The compensation of the President is determined by Allen Universitys Board of Trustees. The Budget and Finance Committee and Personnel Committee of the Board of Trustees review comparable compensation data from the Form 990 of peer institutions. The University utilizes salary data from the Inside Higher Ed website when evaluating the market rate within higher education.

Form 990, Part VI, Section B, Line 15B

The compensation of all other University officers and key employees is determined by the President of the University. The President will communicate with the Chief Human Resource Officer regarding the market rate and the amount budgeted for the position. The University utilizes salary data from the Inside Higher Ed website when evaluating the market rate within higher education.

Form 990, Part VI, Section C, Line 19

The University will review any requests and make the determination to make the requested documents available to the public.

Filing and Contact Details

Filer

Filer Name
Allen University
EIN
57-0341191
Phone
8032555727
Address
1530 Harden Street, Columbia, SC 29204

Signing Officer

Name
Ruby Fielding
Title
Chief Financial Officer
Signed
2017-05-01
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Mrs Ruby G Fielding
Formed
1905
Legal Domicile
Sc
Voting Board Members
20
Independent Board Members
19
Employees
347
Volunteers
35

Preparer

Firm
The Wesley Peachtree Group CPAs
Address
1475 Klondike Road Suite 100, Conyers, GA 30094
Preparer
Dane Alexander
Phone
4048740555
Supplemental Narrative

Financial Statement Notes

V 4

The endowment funds shown are permanently restricted. The University does not intend to use the funds.

X 2

Accounting principles generally accepted in the United States of America require the Universitys management to evaluate tax positions taken by the University and to recognize a tax liability or asset if the University has taken an uncertain tax position that will more-likely-than-not be sustained upon examination by taxing authorities. Management has analyzed the tax position taken by the University for the year ended June 30, 2016 and believes that there are no such positions as of June 30, 2016. Accordingly, no asset or liability has been accrued.

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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/PersonNm0Bishop Richard F Norris
IRS990/Form990PartVIISectionAGrp/PersonNm1Reverend William Smith Jr
IRS990/Form990PartVIISectionAGrp/PersonNm2Reverend Dr William Smith
IRS990/Form990PartVIISectionAGrp/PersonNm3Honorable Tamara C Curry
IRS990/Form990PartVIISectionAGrp/PersonNm4Reverend Dr Norvel Goff Sr
IRS990/Form990PartVIISectionAGrp/PersonNm5Mr Willie F Johnson
IRS990/Form990PartVIISectionAGrp/PersonNm6Reverend Dr Juenarrl Keith
IRS990/Form990PartVIISectionAGrp/PersonNm7Reverend Robert L McCants Sr
IRS990/Form990PartVIISectionAGrp/PersonNm8Mrs Bobra Bright McAdams
IRS990/Form990PartVIISectionAGrp/PersonNm9Dr Fred R Shesheen
IRS990/Form990PartVIISectionAGrp/PersonNm10Reverend Dr Robert Cooper Sr
IRS990/Form990PartVIISectionAGrp/PersonNm11Reverend Dr Allen Parrott
IRS990/Form990PartVIISectionAGrp/PersonNm12Mr James E Clyburn
IRS990/Form990PartVIISectionAGrp/PersonNm13Mr Alfred R Berkeley III
IRS990/Form990PartVIISectionAGrp/PersonNm14Reverend Dr Ronnie E Brailsford
IRS990/Form990PartVIISectionAGrp/PersonNm15Mr Norman Deas
IRS990/Form990PartVIISectionAGrp/PersonNm16Mr Sy Holt
IRS990/Form990PartVIISectionAGrp/PersonNm17Reverend Caesar R Richburg
IRS990/Form990PartVIISectionAGrp/PersonNm18Mr David Rivers
IRS990/Form990PartVIISectionAGrp/PersonNm19Dr Lady-June Cole
IRS990/Form990PartVIISectionAGrp/PersonNm20Dr Charlene Spearen
IRS990/Form990PartVIISectionAGrp/PersonNm21Mrs Ruby G Fielding
IRS990/Form990PartVIISectionAGrp/PersonNm22Mr William Robinson
IRS990/Form990PartVIISectionAGrp/PersonNm23Mrs Marilyn DeBerry
IRS990/Form990PartVIISectionAGrp/PersonNm24Mrs Paige Moore
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IRS990/Form990PartVIISectionAGrp/TitleTxt1Secretary
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IRS990/Form990PartVIISectionAGrp/TitleTxt3Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt4Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt5Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt6Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt7Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt8Trustee
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IRS990/Form990PartVIISectionAGrp/TitleTxt10Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt11Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt12Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt13Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt14Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt15Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt16Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt17Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt18Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt19President
IRS990/Form990PartVIISectionAGrp/TitleTxt20Vice President for Academic Affairs
IRS990/Form990PartVIISectionAGrp/TitleTxt21Vice President for Fiscal Affairs/Chief Financial Officer
IRS990/Form990PartVIISectionAGrp/TitleTxt22Vice President for Institutional Advancement
IRS990/Form990PartVIISectionAGrp/TitleTxt23Vice President of Student Affairs
IRS990/Form990PartVIISectionAGrp/TitleTxt24Vice President of Human Resources
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IRS990/MissionDesc0Allen University is an academic community, which provides students an opportunity to obtain a baccalaureate degree in liberal arts and professional programs. The University has a strong unalterable commitment to teaching in delivery of its baccalaureate programs.
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Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Summary only. Only limited summary data is available for this year.$64.2$11.0$53.2$25.9$25.5$0.38
2023Summary only. Only limited summary data is available for this year.$65.9$13.2$52.7$26.1$24.8$1.31
2022Summary only. Only limited summary data is available for this year.$68.0$18.0$50.1$28.7$25.4$3.23
2021Summary only. Only limited summary data is available for this year.$53.5$6.68$46.8$27.5$19.8$7.73
2020Summary only. Only limited summary data is available for this year.$46.9$24.8$22.1$21.9$19.0$2.89
2019Summary only. Only limited summary data is available for this year.$45.5$26.3$19.3$19.4$18.2$1.18
2018Summary only. Only limited summary data is available for this year.$45.5$27.4$18.1$17.9$16.6$1.29
2017Summary only. Only limited summary data is available for this year.$45.3$28.5$16.8$17.1$14.7$2.38
2016Detailed filing. Detailed filing data is available for this year.$44.5$30.4$14.1$17.1$16.2$0.93
2015Summary only. Only limited summary data is available for this year.$44.7$33.0$11.7$18.9$16.4$2.52
2014Summary only. Only limited summary data is available for this year.$42.4$35.4$6.99$17.2$14.2$3.00
2013Summary only. Only limited summary data is available for this year.$43.6$39.6$3.99$17.9
2012Summary only. Only limited summary data is available for this year.$42.9$38.2$4.77$23.8
2011Summary only. Only limited summary data is available for this year.$42.9$32.3$10.5$24.6
2010Summary only. Only limited summary data is available for this year.$42.7$32.3$10.5$19.3$18.1$1.25