2021-05-12T16:36:39-05:00 2020-06-30 450250958 EIDE BAILLY LLP 200 E 10TH ST STE 500 SIOUX FALLS SD 571046375 990 2019-07-01 550357072 ALDERSON BROADDUS UNIVERSITY INC ALDE 3044571700 101 COLLEGE HILL DRIVE BOX 2004 PHILIPPI WV 264166004 JEFF ROGERS CFO 3044571700 2021-05-11 1 LAURIE HANSON CPA P00851848 6053391999 2021-05-11 2019 2022-09-23 18:48:47Z JEFF ROGERS 101 COLLEGE HILL DRIVE BOX 2004 PHILIPPI WV 264166004 36771453 0 X WWW.AB.EDU X 1861 WV PROVIDE HIGHER LEARNING OPPORTUNITIES TO STUDENTS. 16 15 940 16 0 0 1675607 3904148 31315399 32280887 159977 233439 19044540 159596 52195523 36578070 12930152 14105265 0 0 11357825 11647226 0 0 425515 12650218 11730003 36938195 37482494 15257328 -904424 59598741 59371702 36640690 37444582 22958051 21927120 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 33064695 14105265 32371587 PROVIDED HIGHER EDUCATION COLLEGE LEVEL LEARNING OPPORTUNITIES TO APPROXIMATELY 862 STUDENTS. 33064695 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 15 0 1 940 1 0 0 0 0 0 0 0 0 0 0 0 0 X 16 15 0 1 0 0 0 0 0 1 0 0 0 1 1 1 1 0 0 1 1 0 X JEFF ROGERS 3044571700 101 COLLEGE HILL DRIVE BOX 2004 PHILIPPI WV 26416 THOMAS MOORE DEAN OF PHYS ASSISTANT PROGRAM 40.00 0.00 X 123725 0 3131 JEFF ROGERS CFO/VP OF FINANCE 40.00 1.00 X 91004 0 16188 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 1.00 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 RONALD BURBICK TRUSTEE 1.00 0.00 X 0 0 0 214729 0 19319 1 0 0 0 SODEXO OPERATIONS LLC 4880 PAYSPHERE CIRCLE CHICAGO IL 60674 FOOD SERVICE MANAGEMENT 2171658 TRI-STATE ROOFING PO BOX 4255 MORGANTOWN WV 26504 CONSTRUCTION SERVICES 358173 ARDEO EDUCATION SOLUTIONS 1011 WARRENVILLE ROAD LISLE IL 60532 EDUCATION CONSULTANT 282451 THE REGISTRY THREE CENTENNIAL DR STE 320 PEABODY MA 01960 PLACEMENT FIRM FOR EXECUTIVES 256100 BSN LLC PO BOX 7726 DALLAS TX 75209 SPORTS GEAR 256016 13 1526737 2377411 10441 3904148 TUITION AND FEES 611600 25163988 25163988 AUXILIARY SERVICES 541800 5697702 5697702 1419197 1419197 32280887 146643 146643 2411 2411 66485 0 66485 66485 66485 86796 0 86796 86796 86796 284083 193383 90700 90700 36578070 32371587 0 302335 14105265 14105265 108461 108461 9489993 8017617 1180833 291543 340311 268281 58797 13233 1052133 846031 177826 28276 656328 544529 91651 20148 454310 454310 28876 28876 137608 137608 771601 190210 581391 22341 8924 13053 364 1464849 1117997 322454 24398 131747 72882 58865 1925389 1794803 130586 775780 673315 67889 34576 609089 513304 95785 1596074 1465196 130878 451494 175843 275651 FOOD SERVICE 1838280 1838280 BAD DEBT 281853 281853 LIBRARY BOOKS/PERIODICA 72022 72022 1168690 905886 249827 12977 37482494 33064695 3992284 425515 1293807 1167063 2894503 2921838 1838236 1414652 200569 200834 142676 154481 80237774 35161360 45242746 45076414 4703658 5363432 1931273 1645918 1351273 1427070 59598741 59371702 3605406 2141289 1698780 1474896 1386082 2057043 1979900 29950422 29791454 36640690 37444582 X -4569270 -5409077 27527321 27336197 22958051 21927120 59598741 59371702 -904424 -126507 0 X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 17367369 1083501 5472 18456342 18150386 123463 -9164 897316 17367369 17923351 159771 67264 18150386 17715229 161210 46912 17923351 17609597 44531 61099 17715229 0.01440 0.98560 0 0 489205 489205 59678772 26513647 33165125 9173179 7754325 1418854 10896618 893388 10003230 45076414 RESTRICTED CASH 2198091 F POOLED INVESTMENTS -2598024 F OTHER INVESTMENTS 1293820 F BENEFICIAL INTEREST IN PERPETUAL TRUSTS 4469545 F 5363432 REFUNDABLE ADVANCES 2202845 CAPITAL LEASE PAYABLE - ABEC 27588609 29791454 X 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 ALL GENERAL PUBLICITY REGARDING THE COLLEGE INCLUDES A STATEMENT OF OUR RACIALLY NONDISCRIMINATORY POLICY. SCHEDULE E, PART I, LINE 6 ASSISTANCE CONSISTS OF STUDENT FINANCIAL ASSISTANCE. 1 SCHOLARSHIPS 746 14105265 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 AND 6/30/2019 FOR THE CHIEF FINANCIAL OFFICER. 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 AND INTERIM CFO DENNIS STARK'S PLACEMENT ENDED AS OF 11/30/2018. 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, 2020, THE UNIVERSITY PAID THE REGISTRY $214,025 FOR THE SERVICES OF PRESIDENT J. T. 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. 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 1228857 COST ALDERSON BROADDUS ENDOWMENT CORPORATION R 69943 COST