NonprofitsAverett University

Education

Averett University

DANVILLE, VA

Total revenue

$54.3M

Total expenses

$63.6M

Net assets

$35.7M

Grants received

$17.0M

155 grants

EIN

540129860

Tax year

2023

Mission

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.

Financials

FY 2023

Revenue

Contributions & grants$3.9M
Program service revenue$48.2M
Investment income$606K
Other revenue$1.6M
Total revenue$54.3M

Expenses

Grants paid$22.3M
Salaries & benefits$18.9M
Fundraising$1.5M
Other expenses$22.4M
Total expenses$63.6M
Total assets$68.8M
Net assets$35.7M

People

35 listed

NameRoleCompensation

Dr Tiffany Franks

President

Board

$322K

1 hrs/wk

Don Aungst

Former VP Finance/COO

Board

$247K

1 hrs/wk

Brenda Bowman

TRUSTEE

Board

0

Rev Dr Richard Brown

TRUSTEE

Board

0

Rev Dr Daniel Carlton

TRUSTEE

Board

0

Bradley Cohen

TRUSTEE

Board

0

Sarah L Collie

TRUSTEE

Board

0

Gary W Collins

TRUSTEE

Board

0

Mark Gignac

TRUSTEE

Board

0

Linda Green

TRUSTEE

Board

0

John Herndon Jr

TRUSTEE

Board

0

Starlette Johnson

TRUSTEE

Board

0

Dr Annie P Wimbish

CHAIRPERSON

Board

0

Hayward Majors

TRUSTEE

Board

0

Brandon Potter

TRUSTEE

Board

0

Toni Rice

TRUSTEE

Board

0

Dr Mary M G Riddle

TRUSTEE

Board

0

Dr Calvin R Snowden

TRUSTEE

Board

0

Deborah W Upton

TRUSTEE

Board

0

Christopher E West

TRUSTEE

Board

0

L Hampton Wilkins

TRUSTEE

Board

0

Kris Willard

TRUSTEE

Board

0

Todd McGregor Yeatts

TRUSTEE

Board

0

Michael E Keck

TRUSTEE

Board

0

Emma Maddux Kozlowski

VICE CHAIRPERSON

Board

0

Jessie Barksdale

TRUSTEE

Board

0

Jan GF Barnett

TRUSTEE

Board

0

Ellen E Beville

TRUSTEE

Board

0

Ms Kirk Bidgood

TRUSTEE

Board

0

Dr Lenora Billings-Harris

TRUSTEE

Board

0

Michael Boehm

CIO

Staff

$179K

1 hrs/wk

Melissa Wohlstein

VP Advancement

Staff

$178K

1 hrs/wk

Lee Beaumont

VP Admissions

Staff

$177K

1 hrs/wk

Venita Mitchell

VP Student Engagement

Staff

$133K

1 hrs/wk

Megan Stevens

VP of Athletics

Staff

$114K

1 hrs/wk

Independent contractors

ORBIS EDUCATION

CONTRACT MANAGEMENT FEE

$2.4M

HES FACILITIES LLC

CONTRACT MANAGEMENT FEE

$2.0M

ARAMARK

CONTRACT MANAGEMENT FEE

$1.7M

CLOUD CONTROL MEDIA LLC

CONTRACT MANAGEMENT FEE

$1.3M

ELLUCIAN

CONTRACT MANAGEMENT FEE

$953K

Grants received

Showing 155 of 155

FromAmountPurposeYear
$3M
OPERATING SUPPORT
2024
$500K
$400,000 DEBT REDUCTION (2ND YEAR OF 3 YEAR PLEDGE)
2024
$500K
CRISIS MANAGEMENT
2024
$349K
For nursing and allied health scholarships.
2024
$53K
EDUCATIONAL SCHOLARSHIPS TO DESERVING STUDENTS
2024
$33K
STUDENT GRANTS FOR TUITION, BOOKS, FEES, ETC.
2024
$28K
GENERAL OPERATING
2024
$15K
SCHOLARSHIP ASSISTANCE FOR POST-SECONDARY EDUCATION
2024
$11K
SCHOLARSHIP
2024
$8K
TO FURTHER CHARITABLE PURPOSE
2024
$6K
2 grant(s) for varying purposes
2024
$4K
TO SUPPORT EXEMPT MISSION OF ORGANIZATION
2024
$400K
$400,000 DEBT REDUCTION (1ST YEAR OF 3 YEAR PLEDGE)
2023
$349K
For general scholarship support.
2023
$300K
FINANCIAL ASSISTANCE
2023
$249K
CCEC 2020-2025
2023
$150K
SCHOLARSHIPS
2023
$115K
FOR RECIPIENT'S EXEMPT PURPOSE
2023
$100K
UNDESIGNATED SUPPORT
2023
$58K
STUDENT GRANTS FOR TUITION, BOOKS, FEES, ETC.
2023
$52K
GENERAL OPERATING
2023
$40K
EDUCATIONAL SCHOLARSHIPS TO DESERVING STUDENTS
2023
$28K
EDUCATIONAL FUNDS AND SCHOLARSHIPS
2023
$25K
GENERAL OPERATING
2023
$25K
TO SUPPORT THE ENTRANCE FUND
2023
$25K
TO SUPPORT THE EXEMPT MISSION OF ORGANIZATION
2023
$20K
For grant recipient's exempt purposes
2023
$15K
SCHOLARSHIP ASSISTANCE FOR POST-SECONDARY EDUCATION
2023
$11K
TO PURCHASE AND INSTALL FIVE AED UNITS
2023
$10K
TO PROVIDE SCHOLARSHIPS TO LOCAL STUDENTS WITH FINANCIAL NEED
2023
$9K
TO SUPPORT THE BSN STUDENT NURSING SCHOLARSHIPS
2023
$8K
TO FURTHER CHARITABLE PURPOSE
2023
$5K
Program Support
2023
$5K
1 grant(s) for varying purposes
2023
$5K
GENERAL OPERATING
2023
$3K
COLLEGE/UNIVERSITY STUDENT SCHOLARSHIP AWARDS
2023
$1K
Continue Program Funding
2023
$500
JA'CORIYOUS GRAVES / ID#P000318892 / WC SCHOLARSHIP
2023
$500
PROGRAM/OPERATING SUPPORT
2023
$500
PROGRAM/OPERATING SUPPORT
2023
$500
NAKYLE BRADLEY / ID#P000318953 / WC SCHOLARSHIP
2023
$50
OTHER CIVIC / COMMUNITY
2023
$323K
For general scholarship support.
2022
$300K
$300,000 UNRESTRICTED SUPPORT
2022
$83K
STUDENT GRANTS FOR TUITION, BOOKS, FEES, ETC.
2022
$57K
GENERAL OPERATING
2022
$27K
FOR EDUCATIONAL SCHOLARSHIP FUNDS
2022
$25K
EDUCATIONAL SCHOLARSHIPS TO DESERVING STUDENTS
2022
$16K
FOR RECIPIENT'S EXEMPT PURPOSE
2022
$15K
SCHOLARSHIP ASSISTANCE FOR POST-SECONDARY EDUCATION
2022
$10K
For grant recipient's exempt purposes
2022
$10K
TO PROVIDE SCHOLARSHIPS TO LOCAL STUDENTS WITH FINANCIAL NEED
2022
$10K
AVERETT UNIVERSITY ONLINE PROGRAM
2022
$7K
BSN NURSING STUDENT SCHOLARSHIP AID
2022
$6K
TO FURTHER CHARITABLE PURPOSE
2022
$5K
GENERAL OPERATING
2022
$3K
UNRESTRICTED GENERAL
2022
$3K
SCHOLARSHIP
2022
$2K
Program Support
2022
$500
PROGRAM/OPERATING SUPPORT
2022
$500
PROGRAM/OPERATING SUPPORT
2022
$100
To carry out the general purpose of the charitable organization.
2022
$50
MIP PAYOUT FOR 02/07/2022
2022
$300K
$200,000 FACILITY IMPROVEMENTS/UPGRADES; $100,000 UNRESTRICTED SUPPORT
2021
$273K
For general scholarship support.
2021
$108K
STUDENT GRANTS FOR TUITION, BOOKS, FEES, ETC.
2021
$71K
EDUCATIONAL SCHOLARSHIPS TO DESERVING STUDENTS
2021
$50K
GENERAL OPERATING
2021
$25K
Best Practice Research and Implementation
2021
$25K
Vaccination Event
2021
$16K
For grant recipient's exempt purposes
2021
$16K
For grant recipient's exempt purposes
2021
$12K
For recipient's exempt purpose
2021
$10K
GENERAL OPERATING
2021
$6K
TO FURTHER CHARITABLE PURPOSE
2021
$6K
SUBCONTRACT FOR SPONSORED RESEARCH CLASSIFIED AS PROGRAM SERVICES.
2021
$3K
Program Support
2021
$488K
CCECC 2020-2025
2020
$300K
$200,000 FACILITY IMPROVEMENTS/UPGRADES; $100,000 UNRESTRICTED SUPPORT
2020
$268K
For general scholarship support.
2020
$133K
STUDENT GRANTS FOR TUITION, BOOKS, FEES, ETC.
2020
$38K
EDUCATIONAL SCHOLARSHIPS TO DESERVING STUDENTS
2020
$37K
UNRESTRICTED AND SOME GRANTS TO PROVIDE SCHOLARSHIPS, SUPPORT THE NURSING PROGRAM, THE BUILDING FUND, AND TO SUPPORT THE THEATER FOR YOUNG PEOPLE SERIES.
2020
$35K
GENERAL OPERATING
2020
$30K
TO ASSIST WITH THE RENOVATION OF THE STUDENT CENTER PLAZA
2020
$25K
Best Practice Research and Implementation
2020
$11K
SUBCONTRACT FOR SPONSORED RESEARCH CLASSIFIED AS PROGRAM SERVICES.
2020
$10K
GENERAL OPERATING
2020
$10K
Operational Support
2020
$8K
GENERAL SUPPORT
2020
$7K
TO FURTHER CHARITABLE PURPOSE
2020
$6K
For grant recipient's exempt purposes
2020
$5K
1 GRANT(S) FOR VARYING PURPOSES
2020
$4K
Awarded to Polk County high school graduates for undergraduate university studies
2020
$3K
PROGRAM SUPPORT
2020
$3K
Scholarship for students
2020
$3K
PROGRAM SUPPORT
2020
$1K
TO SUPPORT PROGRAM OPERATIONS
2020
$50
MIP PAYOUT FOR 03/10/20
2020
TO FURTHER CHARITABLE PURPOSE
2020
$300K
$200,000 FACILITY IMPROVEMENTS/UPGRADES; $100,000 UNRESTRICTED SUPPORT
2019
$18K
SUBCONTRACT FOR SPONSORED RESEARCH CLASSIFIED AS PROGRAM SERVICES.
2019
$8K
TO FURTHER CHARITABLE PURPOSE
2019
$5K
TO FURTHER CHARITABLE PURPOSE
2019
$1K
Program Support
2019
$1M
CONTRIBUTION
2018
$779K
CASH TO SUPPORT THE UNIVERSITY'S PROPOSED MASTER'S IN NURSING/NURSE PRACTITIONER PROGRAM.
2018
$400K
$300,000 MAIN HALL RENOVATIONS; $100,000 UNRESTRICTED SUPPORT
2018
$161K
CASH TO SUPPORT AVERETT UNIVERSITY'S PROPOSED MASTER'S IN NURSING/NURSE PRACTITIONER PROGRAM.
2018
$100K
RENOVATIONS TO MAIN HALL
2018
$61K
$7,131 UNRESTRICTED FOR SUPPORT OF VARIOUS PROGRAMS; $4,000 BSN NURSING STUDENT SCHOLARSHIP AID; $639 AVERETT UNIVERISTY LIBRARY WITH AN EMPHASIS ON ARCHIVES AND/OR TO SUPPORT THE HISTORY/LITERATURE COLLECTION; $750 THEATRE FOR YOUNG PEOPLE'S SERIES; $15,000 TO ASSIST AVERETT IN UPDATING MAIN HALL TO A 21ST CENTURY LIVING-LEARNING ENVIORNMENT FOR STUDENTS; $8,000TO PROVIDE EMERGENCY SCHOLARSHIP MONIES FOR LOCAL STUDENTS AT RISK OF DROPPING OUT DUE TO FINANCIAL HARDSHIP;$25,000 TO PRESENT A CYBER-UP SYMPOSIUM OF KEY INDUSTRY ADVSORS
2018
$56K
For grant recipient's exempt purposes
2018
$45K
GENERAL OPERATING
2018
$28K
MAINTENANCE OF FRITH HALL
2018
$24K
EDUCATIONAL SCHOLARSHIPS TO DESERVING STUDENTS
2018
$7K
TO FURTHER CHARITABLE PURPOSE
2018
$1K
SCHOLARSHIP-ANDRE REID
2018
$1K
TO SUPPORT PROGRAM OPERATIONS
2018
$6K
FOR GRANT RECIPIENT'S EXEMPT PURPOSES
2017

Funded by

$17.0M from 49 funders · 155 grants · 2017–2024

Danville Regional Foundation

$7.5M · 12 grants · 2020–2024

E Stuart James Grant Charitable Trust

$2.6M · 8 grants · 2018–2024

Lettie Pate Whitehead Foundation Inc

$1.6M · 5 grants · 2020–2024

Stratford House Center

$1.2M · 2 grants · 2018–2023

Danville Foundation House

$779K · 1 grant · 2018

The Virginia College Fund

$524K · 5 grants · 2018–2022

Charles B Keesee Educational Fund

$413K · 5 grants · 2020–2024

Harvey W Peters Research Foundation

$300K · 1 grant · 2023

Details

EIN540129860
NTEE codeB430
Subsection03
Ruling date1929-08
Formed1859
Employees715
Volunteers0
AVERETT UNIVERSITY — Mission, Financials & Grants Received | Grantivo