AVERETT UNIVERSITY Charity Report

Public IRS 990 nonprofit record

AVERETT UNIVERSITY

EIN 54-0129860 · Education (B430)

What they do

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.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $83.00 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders35 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

81.01%of revenue went to mission work83.0% of expenses · Program services

1.42%of revenue went to fundraising1.5% of expenses

$97.61spent for every $100 of revenueRevenue covered expenses this year.

15.18%of revenue went to management and office costs15.6% of expenses

$1.18in assets for every $1 spent this yearSome assets cannot be spent right away.

16.2%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Pay context: The highest compensation shown in this filing is $308,094 for DR TIFFANY FRANKS (PRESIDENT). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$59,620,653

Mission workProgram services$48,297,30181.01% of revenue83.0% of expenses

ManagementOffice and general costs$9,052,74515.18% of revenue15.6% of expenses

FundraisingAsking for donations$846,0371.42% of revenue1.5% of expenses

Revenue left after expensesReported annual surplus$1,424,5702.39% of revenueShown in gray on the chart

Total expenses$58,196,08397.61% of revenue

Gray means reported revenue left after expenses for this filing year. It does not necessarily mean cash sitting in a bank account.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2024CurrentExpense mix: 83.0% mission · 15.6% management · 1.5% fundraisingTotal expenses: 97.61% of revenue

2023Expense mix: 81.5% mission · 16.1% management · 2.4% fundraisingTotal expenses: 117.18% of revenue

2022Expense mix: 89.0% mission · 9.6% management · 1.4% fundraisingTotal expenses: 109.87% of revenue

2021Expense mix: 89.2% mission · 9.5% management · 1.2% fundraisingTotal expenses: 112.10% of revenue

2020Expense mix: 85.2% mission · 13.4% management · 1.4% fundraisingTotal expenses: 98.21% of revenue

2019Expense mix: 89.4% mission · 9.3% management · 1.3% fundraisingTotal expenses: 95.07% of revenue

2018Expense mix: 89.9% mission · 9.0% management · 1.1% fundraisingTotal expenses: 95.65% of revenue

2017Expense mix: 89.2% mission · 9.6% management · 1.2% fundraisingTotal expenses: 94.09% of revenue

Money in and money out

Revenue$59,620,653

Expenses$58,196,083

Annual surplus $1,424,570 Revenue was higher than expenses for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$48,297,301 · 83.0% of expenses

Management and office costs$9,052,745 · 15.6% of expenses

Fundraising$846,037 · 1.5% of expenses

See all reported dollar amounts

Revenue$59,620,653

Expenses$58,196,083

Assets$68,663,682

Income$59,901,053

Contributions$9,667,082

Mission work (program services)$48,297,301

Fundraising$846,037

Grants given$503,155

Average grant$251,578

Management and general$9,052,745

Stocks and bonds$1,070,456

Accounting fees$93,125

Investing fees$39,500

People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation

DR TIFFANY FRANKSPRESIDENT · 1 hrs/week $308,094Base $288,513 · Other $19,581

MELISSA WOHLSTEINVP ADVANCEMENT · 1 hrs/week $203,993Base $177,831 · Other $26,162

LEE BEAUMONTVP ADMISSIONS · 1 hrs/week $202,114Base $179,827 · Other $22,287

MICHAEL BOEHMCIO · 1 hrs/week $198,505Base $172,555 · Other $25,950

VIRGINIA HENDERSONVP ACADEMIC AFFAIRS · 1 hrs/week $162,550Base $149,027 · Other $13,523

VENITA MITCHELLVP STUDENT ENGAGEMENT · 1 hrs/week $151,065Base $137,943 · Other $13,122

DON AUNGSTFORMER CFO $123,642Base $113,686 · Other $9,956

DON MERICKSCFO · 1 hrs/week $27,519Base $25,092 · Other $2,427

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (35)

DR TIFFANY FRANKSPRESIDENT

MELISSA WOHLSTEINVP ADVANCEMENT

LEE BEAUMONTVP ADMISSIONS

MICHAEL BOEHMCIO

VIRGINIA HENDERSONVP ACADEMIC AFFAIRS

VENITA MITCHELLVP STUDENT ENGAGEMENT

DON AUNGSTFORMER CFO

DON MERICKSCFO

KRIS WILLARDTRUSTEE

JAN GF BARNETTTRUSTEE

L HAMPTON WILKINSTRUSTEE

LINDA GREENTRUSTEE

MICHAEL E KECKTRUSTEE

MS KIRK BIDGOODTRUSTEE

REV DR DANIEL CARLTONCHAIRPERSON

REV DR RICHARD BROWNTRUSTEE

SARAH L COLLIETRUSTEE

STARLETTE JOHNSONTRUSTEE

TODD MCGREGOR YEATTSTRUSTEE

TONI RICETRUSTEE

JOHN HERNDON JRTRUSTEE

HAYWARD MAJORSTRUSTEE

GRAYSON EATONTRUSTEE

GARY W COLLINSTRUSTEE

EMMA MADDUX KOZLOWSKIVICE CHAIRPERSON

ELLEN E BEVILLETRUSTEE

DR THOMAS POWELLPRESIDENT

DR MARY M G RIDDLETRUSTEE

DR LENORA BILLINGS-HARRISTRUSTEE

DR CALVIN R SNOWDENTRUSTEE

DEBORAH W UPTONTRUSTEE

DEBORAH HALLINTERIM CFO - CONSULTANT

CHRISTOPHER E WESTTRUSTEE

BRENDA BOWMANTRUSTEE

BRANDON POTTERTRUSTEE

About this charity

Recognized since: January 1929
Location: 420 W MAIN ST, DANVILLE, VA 24541-3612
County: Danville (city)
In care of: % AVERETT UNIVERSITY
Primary officer: DR THOMAS POWELL, PRESIDENT

How to reach them

WebsiteVisit the charity’s website Phone(434) 791-5679 Officer phone(434) 791-5651

Filing and classification

Latest tax year: 2024
Tax period began: July 1, 2024
Return type: 990
Tax preparer: BROWN EDWARDS & COMPANY LLP
NTEE classification: Education (B430)
Grant-giving organization: Yes

AVERETT UNIVERSITY

AVERETT UNIVERSITY

What they do

Should I give to this charity?

Basic facts we verified

Money made simple

Ask these three easy questions

Financial picture

How each $100 of revenue was used

Has the pattern changed?

Money in and money out

Reported spending amounts

Leadership and board

People reported as paid

About this charity

How to reach them

Filing and classification

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