2023-05-15T16:33:57-07:00 2022-06-30 990 2021-07-01 550357072 ALDERSON BROADDUS UNIVERSITY INC ALDE 3044571700 101 College Hill Drive Philippi WV 26416 Ronald Ash Controller 3044571700 2023-05-15 1 11 1 AAL2 2021 2023-04-26 12:10:37Z Andrea J Bucklew 101 College Hill Drive Philippi WV 26416 31732362 0 X www.ab.edu X 1871 WV Serve the region as an academic, cultural and religious resource through programs based on a strong, liberal arts foundation. 19 18 680 18 0 0 8738704 3122564 29061331 28315776 153440 58817 102246 89060 38055721 31586217 13241215 12920988 0 0 11683098 10210022 0 0 401829 13653559 13821927 38577872 36952937 -522151 -5366720 59737963 55445613 38107314 39408196 21630649 16037417 Form 990, Part III Line 1 Organization Mission: ABU has a relationship with the West Virginia Baptist Convention and the American Baptist Churches USA. 0 0 32887061 13026191 24441382 Provided Higher Education College Level learning opportunities to approximately 750 students. 0 0 0 32887061 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 1 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 1 9 0 1 680 1 0 0 0 0 0 0 0 0 X 19 18 0 1 0 0 0 0 0 1 0 0 0 1 1 1 1 0 0 1 1 0 X Andrea J Bucklew 3044571700 101 College Hill Drive Philippi WV 26416 Thomas Moore Dean of Physician Assistant Program 40 0 X 139509 0 3461 Eric Shor VP for Enrollment Management 40 0 X 100077 0 4709 Andrea J Bucklew VP Education & Provost 40 0 X 96912 0 3436 Rebecca Hooman Chair of the Board 1 1 X X 0 0 0 John Ebert Treasurer 1 1 X X 0 0 0 Valarie Woodruff Vice-Chair 1 1 X X 0 0 0 Harry Shaffer III Esq Secretary 1 1 X X 0 0 0 James T Barry President Trustee 40.00 1 X X 0 0 0 Thomas Wilmink Trustee 1 0 X 0 0 0 F Joseph Super Trustee 1 0 X 0 0 0 Thomas Heckman Trustee 1 0 X 0 0 0 Philip T Ellmore Trustee 1 0 X 0 0 0 Arnold Scott Trustee 1 0 X 0 0 0 Steven Fowler Trustee 1 0 X 0 0 0 Jane Haskins Trustee 1 0 X 0 0 0 Karen Rainey Trustee 1 0 X 0 0 0 J Soren Sofhauser Trustee 1 0 X 0 0 0 Jeffrey Lamphere Trustee 1 0 X 0 0 0 Derrick Ward Trustee 1 0 X 0 0 0 Catherine Lawrence Trustee 1 0 X 0 0 0 Anthony Franklin Trustee 1 0 X 0 0 0 Marilyn Turner-Trip Trustee 1 0 X 0 0 0 336498 0 11606 3 0 0 0 Sodexo Operations 9801 Washingtonian Boulevard Chicago IL 60674 Food Service 1300214 The Registry Three Centennial Dr Suite 320 Peabody MA 01960 Placement Service 256100 Liaison International 311 Arsenal Street Watertown MA 02472 Enrollment Management 100167 3 0 0 0 0 2670629 451935 0 3122564 Tuition and Fees 611600 21681693 21681693 0 0 Auxiliary Services 541800 5865956 5865956 0 0 All Other Program Service Revenue 900099 768127 768127 0 0 0 0 0 0 28315776 58817 0 0 58817 0 0 0 0 0 0 0 0 31250 0 0 0 31250 0 31250 0 0 31250 0 0 0 203955 146145 57810 57810 0 0 0 31586217 28373586 0 90067 12920988 12920988 0 0 0 0 0 0 348104 0 348104 0 0 0 0 0 7830792 6276890 1289138 264764 229701 183761 30846 15094 1175739 858289 287406 30044 625686 480182 125249 20255 350369 347721 2648 0 166608 0 166608 0 131572 0 131572 0 0 0 0 0 0 0 0 0 0 0 717962 560010 157952 0 39242 4916 34326 0 1464538 1151742 255951 56845 244507 220029 24478 0 0 0 0 0 2351666 2319559 32107 0 467410 444880 7703 14827 0 0 0 0 0 0 0 0 465226 431264 33962 0 0 0 0 0 1808333 1656278 152055 0 526821 391221 135600 0 Food Service 1300214 1300214 0 0 Books/Periodicals 91067 91067 0 0 Bad Debts 356621 0 356621 0 3339771 3248050 91721 0 36952937 32887061 3664047 401829 904211 1312993 2873778 0 1171326 949606 0 2404399 0 0 0 0 0 0 195913 195908 162968 210415 81878956 38311115 45118959 43567841 0 0 7058730 5285657 1401620 0 0 0 850458 1518794 59737963 55445613 2744839 4256957 0 0 1517421 1474567 0 0 0 0 0 0 3002481 3337085 0 0 30842573 30339587 38107314 39408196 X 802803 8193925 20827846 7843492 21630649 16037417 59737963 55445613 -5366720 0 0 0 -226512 0 X X 0 0 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 18685108 233010 -1059232 0 0 0 17858886 18456342 361642 137183 0 270059 0 18685108 17367369 1083501 5472 0 0 0 18456342 18150386 123463 -9164 0 897316 0 17367369 17923351 159771 67264 0 0 0 18150386 0.019 0.981 0 0 0 0 489205 489205 0 70436205 28921737 41514468 0 0 0 0 0 9476787 8356491 1120296 0 1476759 1032887 443872 43567841 0 0 Restricted Cash 1947300 F Pooled Investments -1733097 F Other Investments 948642 F Beneficial Interest in Perpetual Trusts 4122812 F 5285657 Refundable Advances 1854475 Capital Lease - ABEC 28485112 30339587 X Schedule D, Part V, Line 4 The intended use of endowment funds is to provide scholarships for students of Alderson Broaddus University. Each year 4% of the principal is used to provide scholarships. Schedule D, Part X, Line 2 ABU believes it has appropriate support for any tax positions taken affecting our annual filing requirements and, as such, does not have any uncertain tax positions that are material to the consolidated financial statements. We would recognize future accrued interest and penalties related to unrecognized tax benefits and liabilities in income tax expense if such interest and penalties are incurred. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 Schedule E, Part I, Line 3 ABU publishes a notice of Non-Discrimination in both the Faculty Handbook and the Undergraduate Catalog each year. Schedule E, Part I, Line 6 Assistance consists of Student Financial Assistance. Schedule E, Part I, Line 6a Explanation of Government Financial Aid: Assistance consists of Student Financial Assistance. Form 990, Part VI, Section A, Line 1a ABU has a Board of Trustees and Governors. The Governors do not have voting rights. All members of the Executive Committee are members of the Board. The members of the Committee are the officers. The Executive Committee acts when the board is not in session. Form 990, Part VI, Section A, Line 3 The board signed a contract in December 2015 with a placement firm for interim Executives to provide a President and Chief Financial Officer for a period to 06/30/20 for the President. October 30, 2018, Dr. James T Barry was named the 10th permanent President of ABU. Due to the contract with the placement firm The Registry, Dr. Barry could not be hired away from the Registry, thus Dr. Barry remains a leased employee. During the final year ended June 30, 2000 the University paid the Registry 252,000.00 for the services of Dr. Barry. Form 990, Part VI, Section A, Line 8b Official minutes of Committee meetings are not documented. However, activity from the committee meetings is reported and documented as part of the next board meeting. Form 990, Part VI, Section B, Line 11b The Board of Trustees will receive copies of the 990 to review prior to filing the return. Form 990, Part VI, Section B, Line 12c ABU has a conflict of interest policy that covers the Board of Trustees, Officers and other key employees. The Board Chair reviews potential conflicts, the full board determines whether a conflict of interest exists. If a conflict of interest exists, the person with the conflict is recused from voting and discussion in the matter. The person may be asked to excuse themselves from the board if the conflict is significant. Board members are required to complete a written conflict of interest disclosure annually. Form 990, Part VI, Section B, Line 15 Compensation of the President is provided by a management agreement with The Registry for College & University Presidents. Compensation for the CFO is approved by the President and the Board. The CFO has a review performed by the President annually. Form 990, Part VI, Section C, Line 19 Copies of the Organization's governing documents, Conflict of Interest Policy and Financial Statements are made available upon request from members of the public. Form 990, Part XII, Line 3b Due to staffing shortages, Alderson Broaddus University has not been able to complete the preparation of its Fiscal Year 2022 audit at this time. ABU is in the process of re-staffing the business office and has entered into an agreement with an independent auditing firm to have the required audit completed by July 31, 2023. Alderson Broaddus Endowment Corporation 101 College Hill Drive Philippi WV 26416 550652324 Support Alderson Broaddus University WV 501(C)(3) Line 12A, I Alderson Broaddus University 1 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 Alderson Broaddus Endowment Corporation j 1430466 Cost Automatic extension granted to May 15, 2023