2022-05-16T13:41:50-05:00 2021-06-30 450250958 EIDE BAILLY LLP 200 E 10TH ST STE 500 SIOUX FALLS SD 571046375 990 2020-07-01 550357072 ALDERSON BROADDUS UNIVERSITY INC ALDE 3044571700 101 COLLEGE HILL DRIVE BOX 2004 PHILIPPI WV 264166004 DR JAMES TIM BARRY PRESIDENT 3044571700 2022-05-13 1 DR JAMES TIM BARRY 999009999 LAURIE HANSON CPA P00851848 6053391999 2022-05-13 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z DR JAMES TIM BARRY 101 COLLEGE HILL DRIVE BOX 2004 PHILIPPI WV 264166004 38231800 0 X WWW.AB.EDU X 1871 WV PROVIDE HIGHER LEARNING OPPORTUNITIES TO STUDENTS. 19 18 823 18 0 0 3904148 8738704 32280887 29061331 233439 153440 159596 102246 36578070 38055721 14105265 13241215 0 0 11647226 11683098 0 0 421865 11730003 13653559 37482494 38577872 -904424 -522151 59371702 59737963 37444582 38107314 21927120 21630649 X ALDERSON-BROADDUS UNIVERSITY IS AN INDEPENDENT INSTITUTION OF HIGHER LEARNING, COMMITTED TO SERVING THE REGION AS AN ACADEMIC, CULTURAL, AND RELIGIOUS RESOURCE, WITH PROGRAMS BASED ON A STRONG LIBERAL ARTS FOUNDATION. THE UNIVERSITY IS ROOTED IN HISTORIC AND CONTINUING RELATIONSHIPS WITH THE WEST VIRGINIA BAPTIST CONVENTION AND THE AMERICAN BAPTIST CHURCHES USA. 0 0 34326756 13241215 31110882 PROVIDED HIGHER EDUCATION COLLEGE LEVEL LEARNING OPPORTUNITIES TO APPROXIMATELY 863 STUDENTS. 34326756 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 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 1 9 0 1 823 1 0 0 0 0 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 CHAD MAYLE 3044571700 101 COLLEGE HILL DRIVE BOX 2004 PHILIPPI WV 26416 MRS REBECCA A HOOMAN CHAIR 1.00 1.00 X X 0 0 0 MR JOHN W EBERT VICE CHAIR 1.00 0.00 X X 0 0 0 MRS VALERIE A WOODRUFF TREASURER 1.00 0.00 X X 0 0 0 MR HARRY G SHAFFER III ESQ SECRETARY 1.00 1.00 X X 0 0 0 DR JAMES TIM BARRY PRESIDENT/TRUSTEE 40.00 1.00 X X 0 0 0 REV DR MARILYN P TURNER-TRIPLETT TRUSTEE 1.00 0.00 X 0 0 0 MR THOMAS WILMINK TRUSTEE 1.00 0.00 X 0 0 0 DR F JOSEPH SUPER TRUSTEE 1.00 1.00 X 0 0 0 MR THOMAS S HECKMAN TRUSTEE 1.00 0.00 X 0 0 0 MR ARNOLD D SCOTT ESQ TRUSTEE 1.00 0.00 X 0 0 0 DR PHILIP T ELLMORE TRUSTEE 1.00 0.00 X 0 0 0 MR STEPHEN M FOWLER TRUSTEE 1.00 0.00 X 0 0 0 MRS JANE E HARKINS TRUSTEE 1.00 0.00 X 0 0 0 DR KAREN K RAINEY TRUSTEE 1.00 0.00 X 0 0 0 DR J SOREN SOFHAUSER TRUSTEE 1.00 0.00 X 0 0 0 MR JEFFREY LAMPHERE TRUSTEE 1.00 0.00 X 0 0 0 MR DERRICK WARD TRUSTEE 1.00 0.00 X 0 0 0 MRS CATHERINE LAWRENCE TRUSTEE BEG DEC 2020 1.00 0.00 X 0 0 0 MR ANTHONY FRANKLIN TRUSTEE BEG SEPT 2020 1.00 0.00 X 0 0 0 DR RONALD BURBICK TRUSTEE UNTIL SEPT 2020 1.00 0.00 X 0 0 0 JEFF ROGERS CFO/EVP OF FINANCE 40.00 1.00 X 93655 0 6000 THOMAS MOORE DEAN OF PHYS ASSISTANT PROGRAM 40.00 0.00 X 127928 0 7671 JOAN PROPST ASSISTANT TO THE PRESIDENT FOR SPECIAL PROJECTS 40.00 0.00 X 104771 0 8110 326354 0 21781 2 0 0 0 SODEXO OPERATIONS LLC 9801 WASHINGTONIAN BOULEVARD CHICAGO IL 60674 FOOD SERVICE MANAGEMENT 2493268 MARCH-WESTIN COMPANY INC 360 FRONTIER STREET MORGANTOWN WV 26505 CONSTRUCTION SERVICES 1218968 THE REGISTRY THREE CENTENNIAL DR STE 320 PEABODY MA 01960 PLACEMENT FIRM FOR EXECUTIVES 256100 LRAP RISK PURCHASING GROUP 1675 S STATE ST STE B KENT DE 19901 STUDENT REIMBURSEMENT SERVICE 223631 LIAISON INTERNATIONAL 311 ARSENAL STREET WATERTOWN MA 02472 ENROLLMENT MANAGEMENT 218523 12 7200087 1538617 16550 8738704 TUITION AND FEES 611600 23006260 23006260 AUXILIARY SERVICES 541800 5885446 5885446 169625 169625 29061331 152940 152940 1543 1543 31052 0 31052 31052 31052 500 0 500 500 500 245730 176079 69651 69651 38055721 29130982 0 186035 13241215 13241215 114493 114493 9346596 7955772 1126913 263911 340820 271582 56732 12506 1228356 982086 211340 34930 652833 543901 89068 19864 479911 476597 3314 24585 24585 142905 142905 770015 167514 602501 15308 238 14813 257 1444931 1137398 244412 63121 160270 137900 22370 1906818 1881458 25360 269934 280440 -24789 14283 1148299 1053034 95265 1617171 1484563 132608 470262 304847 165415 FOOD SERVICE 2357425 2357425 BAD DEBT 300642 300642 LIBRARY BOOKS/PERIODICA 83675 83675 2461408 1967111 481304 12993 38577872 34326756 3829251 421865 1167063 904211 2921838 2873778 1414652 1171326 200834 195913 154481 162968 81878956 36759997 45076414 45118959 5363432 7058730 1645918 1401620 1427070 850458 59371702 59737963 2141289 2744839 1474896 1517421 2057043 3002481 1979900 29791454 30842573 37444582 38107314 X -5409077 802803 27336197 20827846 21927120 21630649 59371702 59737963 X -522151 1020042 -794362 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 18456342 361642 137183 270059 18685108 17367369 1083501 5472 18456342 18150386 123463 -9164 897316 17367369 17923351 159771 67264 18150386 17715229 161210 46912 17923351 0.01900 0.98100 0.00000 0 0 489205 489205 70436205 27725374 42710831 9476787 8071251 1405536 1476759 963372 513387 45118959 RESTRICTED CASH 2596419 F POOLED INVESTMENTS -2317080 F OTHER INVESTMENTS 1493734 F BENEFICIAL INTEREST IN PERPETUAL TRUSTS 5285657 F 7058730 REFUNDABLE ADVANCES 2193084 CAPITAL LEASE PAYABLE - ABEC 28649489 30842573 X PART V, LINE 4: THE INTENDED USE OF THE ENDOWMENT FUNDS IS TO PROVIDE SCHOLARSHIPS FOR STUDENTS OF ALDERSON BROADDUS UNIVERSITY. EACH YEAR 4% OF THE PRINCIPAL AMOUNT IS USED TO PROVIDE SCHOLARSHIPS. PART X, LINE 2: THE ENTITY BELIEVES THAT IT HAS APPROPRIATE SUPPORT FOR ANY TAX POSITIONS TAKEN AFFECTING ITS ANNUAL FILING REQUIREMENTS, AND AS SUCH, DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE CONSOLIDATED FINANCIAL STATEMENTS. THE ENTITY 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. 1 SCHOLARSHIPS 717 13241215 PART I, LINE 2: AWARDS TO STUDENTS ARE MONITORED THROUGH OUR FINANCIAL AID OFFICE. FORM 990, PART VI, SECTION A, LINE 1 ALDERSON BROADDUS UNIVERSITY, INC. (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 OF 2015 FOR THE REGISTRY FOR COLLEGE AND UNIVERSITY PRESIDENTS, 3 CENTENNIAL DR., PEABODY, MA 01960, A PLACEMENT FIRM FOR INTERIM EXECUTIVES, TO PROVIDE A PRESIDENT AND CHIEF FINANCIAL OFFICER FOR A DEFINED PERIOD OF TIME. ORIGINALLY THIS PERIOD OF TIME WAS UNTIL 6/30/20 FOR THE PRESIDENT. THIS TIME PERIOD WAS CHANGED AS ON OCTOBER 30, 2018, DR. JAMES TIM BARRY WAS NAMED AS THE 10TH PERMANENT PRESIDENT OF ALDERSON BROADDUS UNIVERSITY. DUE TO THE CONTRACT DR. BARRY AND THE REGISTRY FOR COLLEGE AND UNIVERSITY PRESIDENTS WERE APART OF, THE UNIVERSITY WAS UNABLE TO HIRE DR. BARRY AWAY FROM THE REGISTRY FOR COLLEGE AND UNIVERSITY PRESIDENTS, THUS DR. BARRY REMAINS A LEASED EMPLOYEE. DURING THE FISCAL YEAR ENDED JUNE 30, 2021, THE UNIVERSITY PAID THE REGISTRY $256,100 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 AN ELECTRONIC VERSION OF THE FORM 990 WILL BE PROVIDED TO THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES AND ALSO TO MEMBERS OF THE BUSINESS AND FINANCE COMMITTEE OF THE BOARD OF TRUSTEES PRIOR TO IT BEING FILED. THE FULL BOARD OF TRUSTEES WILL RECEIVES A COPY FOR THEIR REVIEW PRIOR TO FILING THE RETURN. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION HAS A CONFLICT OF INTEREST POLICY THAT COVERS THE BOARD OF TRUSTEES, OFFICERS, AND OTHER KEY EMPLOYEES. THE BOARD CHAIR REVIEWS POTENTIAL CONFLICTS, AND THE FULL BOARD DETERMINES WHETHER AN ACTUAL CONFLICT OF INTEREST EXISTS. IF A CONFLICT IS DEEMED TO EXIST, THE PERSON WITH THE CONFLICT IS RECUSED FROM VOTING AND DISCUSSION ON THE MATTER, AND MAY BE ASKED TO EXCUSE HIM/HERSELF 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 THROUGH A MANAGEMENT AGREEMENT WITH THE REGISTRY FOR COLLEGE AND UNIVERSITY PRESIDENTS. COMPENSATION FOR THE CFO IS APPROVED BY THE PRESIDENT AND THE BOARD. THE PRESIDENT PRESENTED THE COMPENSATION NUMBER TO THE BOARD FOR APPROVAL. THE CFO HAS A REVIEW DONE 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 XI, LINE 9: INTERCOMPANY TRANSFERS -794,362. ALDERSON-BROADDUS ENDOWMENT CORP 101 COLLEGE HILL DRIVE PHILIPPI WV 26416 550652324 SUPPORT ALDERSON-BROADDUS UNIVERSITY WV 510(C)(3) LINE 12A, I ALDERSON BROADDUS UNIVERSITY INC 1 CHARITABLE TRUSTS (3) WV N/A 0 0 0 0 0 0 0 0 0 0 1 1 0 0 1 1 0 0 1 0 ALDERSON BROADDUS ENDOWMENT CORPORATION K 1430466 COST ALDERSON BROADDUS ENDOWMENT CORPORATION R 144711 COST