2011-05-12T07:50:05-05:00 2010-06-30 HARRIS HARVEY NEAL & COLLPCPA'S PO BOX 3424 DANVILLE VA 245433424 990 2009-07-01 540129860 AVERETT UNIVERSITY AVER 4347915600 420 WEST MAIN STREET DANVILLE VA 24541 THOM DAVIS 4347915600 2011-05-12 1 Katherine D McDaniel CPA 4347923220 2011-05-12 2009 2016-02-24 21:20:13Z TIFFANY M FRANKS 420 WEST MAIN STREET DANVILLE VA 24541 33090136 0 X WWW.AVERETT.EDU X 1859 VA Averett University, founded in 1859, offers courses of study leading to bachelor's and master's degrees in Danville and at regional centers in Virginia. Through personal attention for all students, Averett prepares them for successful lives by encouraging each, in the liberal arts tradition, to ask and answer important questions, form and defend judgements, and evaluate diverse views thoughtfully. In accordance with our Christian heritage, we value academic and religious freedom, spiritual growth, academic excellence, diversity, and tolerance. 27 27 741 0 0 0 3334930 3954161 26770364 28408624 1094584 727351 128859 0 31328737 33090136 6629610 7066996 0 13432359 14054876 0 683984 9169474 10580329 29231443 31702201 2097294 1387935 43923310 45493820 13620804 12636198 30302506 32857622 Averett University, founded in 1859, offers courses of study leading to bachelor's and master's degrees in Danville and at regional centers in Virginia. Through personal attention for all students, Averett prepares them for successful lives by encouraging each, in the liberal arts tradition, to ask and answer important questions, form and defend judgements, and evaluate diverse views thoughtfully. In accordance with our Christian heritage, we value academic and religious freedom, spiritual growth, academic excellence, diversity, and tolerance. 0 0 24635205 7066996 28408624 INSTRUCTION IS PROVIDED TO MORE THAN 2500 STUDENTS OFFERING UNDERGRADUATE AND GRADUATE DEGREES THROUGH ITS TRADITIONAL, GRADUATE, AND PROFESSIONAL STUDIES PROGRAMS. 24635205 1 1 0 0 0 0 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 741 1 0 0 0 0 0 0 0 0 0 27 27 0 0 0 0 0 0 0 1 1 0 0 1 1 0 0 0 0 1 0 0 X AVERETT UNIVERSITY 4347915600 420 WEST MAIN STREET DANVILLE VA 24541 JACKSON E REASOR 1.00 X X 0 0 0 P NILES DALY JR 1.00 X X 0 0 0 RICHARD ROCCESANO 1.00 X 0 0 0 HENRY I SLAYTON JR 1.00 X 0 0 0 LINDSEY MOYNIHAN 1.00 X 0 0 0 GONZALEE FORD 1.00 X 0 0 0 DR CLAUDE B OWEN JR 1.00 X 0 0 0 JOHN D VIGOUROUX 1.00 X 0 0 0 DR CALVIN R SNOWDEN 1.00 X X 0 0 0 DALE P LEE 1.00 X 0 0 0 L SAMUEL SAUNDERS 1.00 X 0 0 0 REV DANIEL CARLTON 1.00 X 0 0 0 DR MARTTI AHTISAARI 1.00 X 0 0 0 VIRGINIA W HAMLET 1.00 X 0 0 0 REV DR DANIEL E SCOTT 1.00 X 0 0 0 JOHN S BARR 1.00 X 0 0 0 JACOB E FRITH II 1.00 X 0 0 0 GLENN W PULLEY 1.00 X 0 0 0 EBB H WILLIAMS III 1.00 X 0 0 0 EDWARD M BISHOP 1.00 X 0 0 0 BOBBYE RAYE WOMACK 1.00 X 0 0 0 JAMES W JENNINGS JR 1.00 X 0 0 0 MARY M G RIDDLE 1.00 X X 0 0 0 L HAMPTON WILKINS 1.00 X 0 0 0 DR JIM BAUCOM 1.00 X 0 0 0 T WAYNE OAKES 1.00 X 0 0 0 DR FRANKLIN W MADDUX 1.00 X 0 0 0 TIFFANY M FRANKS 50.00 X X 208837 0 13149 PAGE A STOOKS 40.00 X 117052 0 0 PEGGY C WRIGHT 40.00 X 102137 0 9373 STEPHEN C AUSBAND 40.00 X 98583 0 9493 CHARLES S HARRIS 40.00 X 90607 0 10959 KATHLEEN L TUNE 40.00 X 72696 0 3635 689912 0 46609 3 0 1 0 ARAMARK 24818 NETWORK PLACE CHICAGO IL 60673 FACILITIES 937806 BON APPETIT 91337 COLLECTIONS DRIVE CHICAGO IL 60693 FOOD 932724 PTL CONTRACTORS 109 BARTER STREET DANVILLE VA 24541 CONSTRUCTION 391852 KAHLER SLATER INC 111 W WISCONSIN AVENUE MILWAUKEE WI 53203 PERFORM HE CONSULTING 154655 4 294154 3660007 3954161 TUITION & FEES 25724508 25724508 2684116 2684116 28408624 727351 727351 33090136 28408624 0 727351 7066996 7066996 696811 565811 131000 10500959 8526778 1546801 427380 303388 246351 41438 15599 1772469 1439245 291810 41414 781249 634374 124287 22588 27462 22299 5163 87411 70978 16433 87882 87882 734432 579837 154249 346 70313 57094 13219 1094968 889114 205854 517140 419917 69782 27441 353000 286636 66364 1118783 908452 210331 250988 203802 47186 CONTRACTUAL SERVICES 2084473 1692592 391881 TELEPHONE 236149 191753 44396 PRINTING & PUBLICATIONS 225805 183354 34168 8283 POSTAGE & SHIPPING 116722 94778 15217 6727 MEMBERSHIPS & DUES 90137 73191 16946 3484664 393971 2956487 134206 31702201 24635205 6383012 683984 2348650 3958427 947196 1298746 4349402 4252615 97874 126674 34116310 18885994 15595748 15230316 17158161 17125897 3426279 3501145 43923310 45493820 1529015 1450877 2590590 2605070 1618783 1669010 4941214 4681800 2571619 2023494 369583 205947 13620804 12636198 X 8235757 8050057 5334866 7215244 16731883 17592321 30302506 32857622 43923310 45493820 X 0 1 1 X 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 19865890 716508 1714759 871913 21425244 24726742 266224 -3479122 1647954 19865890 0.06000 0.94000 0 0 1885831 1885831 20196798 20196798 7625309 7625309 4408372 18885994 -14477622 15230316 COMMON STOCK 5442465 F MUTUAL FUNDS 3672658 F BONDS 1995548 F U.S. GOVT SECURITIES 1165949 F SHORT-TERM ASSETS 602128 F REAL ESTATE 952339 F HEDGE FUNDS 3223804 F OTHER 71006 F 17125897 FUNDS HELD IN TRUST 2917816 BOND PAYMENT RESERVES 583329 3501145 TRUST & ANNUITY OBLIGATIONS 205947 205947 33090136 31702201 1387935 1048411 118770 1167181 2555116 27190321 1048411 -6948226 -5899815 33090136 0 33090136 24635205 0 24635205 7066996 7066996 31702201 SCHEDULE D, PART V, LINE 4: PROVIDE FOR SCHOLARSHIPS, OPERATIONS, AND MAINTENANCE AND SUPPORT OF AVERETT UNIVERSITY SCHEDULE D, PART XI, LINE 8: SPLIT INTEREST AGREEMENTS $118,770 SCHEDULE D, PART Xii, LINE 2D: SCHOLARSHIPS & GRANTS $7,066,996 LESS SPLIT INTEREST AGREEMENTS $118,770 - TUITION AND FEE REVENUE ON FINANCIAL STATEMENTS SHOWN NET OF SCHOLARSHIPS AND GRANTS PAID. ON TAX RETURN SCHOLARSHIPS ARE REPORTED AS AN EXPENSE. SCHEDULE D, PART XIII, LINE 4B: SCHOLARSHIPS & GRANTS $7,066,996 SHOWN AS AN EXPENSE ON TAX RETURN 1 1 1 CATALOGS, PUBLICATIONS, BROCHURES, AND ADVERTISING 1 1 1 1 0 0 0 0 0 0 0 0 1 0 VARIOUS GOVERNMENT GRANTS 1 1 SCHOLARSHIPS AND GRANTS TO STUDENTS 400 7066996 Other Information: Part IV: SCHEDULE I, PART I, LINE 2: A-133 AUDIT X X X 1 1 X X X 0 0 0 0 0 0 0 0 0 TIFFANY M FRANKS 171237 0 37600 0 0 0 8585 0 4564 0 221986 0 0 0 Form 990, Part VI, Section B, line 11 PREPARED BY OUTSIDE CPA, REVIEWED BY CFO, SUBMITTED TO PRESIDENT AND BOARD MEMBERS, THEN FILED. Form 990, Part VI, Section B, line 15a EXECUTIVE COMMITTEE REVIEWS COMPARABLE DATA WITH PEER INSTITUTIONS AND APPROVES PRESIDENT EMPLOYMENT CONTRACT Form 990, Part VI, Section C, line 19 ALL GOVERNING DOCUMENTS, POLICIES, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. AVERETT UNIVERSITY FOUNDATION 420 WEST MAIN STREET DANVILLE VA 24541 201935781 SUPPORT OF AVERETT UNIVERSITY VA 501(c)(3) Line 11b, II N/A 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 AVERETT UNIVERSITY FOUNDATION J 324000