EIN 54-0129860

Averett University

IRS 501(c) type
501(c)(3)
Num. employees
715
City
Danville
Year formed
1859
Most recent tax filings
2023-06-01
Description
Averett University offers courses of study leading to bachelor’s and master’s degrees on campus in Danville, Virginia and at regional centers throughout Virginia.
Total revenues
$54,663,239
2023
Total expenses
$60,055,807
2023
Total assets
$78,643,056
2023
Num. employees
715
2023

Program areas at Averett University

Averett provides instruction to more than 1,500 students leading to undergraduate and graduate degrees through its traditional and professional studies programs. Averett prepares its students for successful lives through personal attention of each student in the liberal arts tradition. Students are encouraged to ask and answer important questions, form and defend judgements, and thoughtfully evaluate diverse views. In accordance with our christian heritage, we value academic and religious freedom, spiritual growth, academic excellence, diversity, and tolerance.

Grants made by Averett University

GranteeGrant descriptionAmount
Danville Regional Foundation (DRF)Career Development and Community Service$488,155

Who funds Averett University

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Danville Regional Foundation (DRF)Au Online$1,872,500
Danville Foundation HouseCash To Support the University's Proposed Master's in Nursing/nurse Practitioner Program.$779,054
E Stuart James Grant Charitable Trust$400,000 Debt Reduction (1st Year of 3 Year Pledge)$400,000
...and 32 more grants received totalling $4,647,006

Personnel at Averett University

NameTitleCompensation
Don AungstChief Financial Officer and Chief Operating Officer / Vice President Finance , Chief Financial Officer$246,977
Michael BoehmChief Information Officer$179,140
Melissa WohlsteinVice President Advancement / Vice President Institutional Advancement$160,200
Lee BeaumontVice President Admissions$167,228
Venita MitchellVice President Student Engagement / Vice President Advancement$133,434
...and 7 more key personnel

Financials for Averett University

RevenuesFYE 06/2023
Total grants, contributions, etc.$6,452,084
Program services$46,818,393
Investment income and dividends$466,551
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$21,229
Net gain from sale of non-inventory assets$-806,499
Net income from fundraising events$25,855
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$1,685,626
Total revenues$54,663,239

Form 990s for Averett University

Fiscal year endingDate received by IRSFormPDF link
2023-062024-05-14990View PDF
2022-062023-05-16990View PDF
2021-062022-05-16990View PDF
2020-062021-04-13990View PDF
2019-062019-11-22990View PDF
...and 9 more Form 990s

Organizations like Averett University

OrganizationLocationRevenue
Georgetown CollegeGeorgetown, KY$66,932,324
Wofford CollegeSpartanburg, SC$138,451,143
Canisius UniversityBuffalo, NY$99,933,030
Saint Martin's UniversityLacey, WA$77,972,192
Le Moyne CollegeSyracuse, NY$148,595,597
Northwestern Media (UNWSP)Saint Paul, MN$124,259,575
Elmhurst UniversityElmhurst, IL$139,557,739
Concordia College CorporationMoorhead, MN$93,695,769
Molloy UniversityRockville Centre, NY$159,204,626
Columbia International University (CIU)Columbia, SC$60,511,031
Data update history
August 4, 2024
Updated personnel
Identified 6 new personnel
July 23, 2024
Received grants
Identified 7 new grant, including a grant for $150,142 from Stratford House Center
July 13, 2024
Used new vendors
Identified 1 new vendor, including
July 11, 2024
Posted financials
Added Form 990 for fiscal year 2023
May 18, 2024
Received grants
Identified 5 new grant, including a grant for $400,000 from E Stuart James Grant Charitable Trust
Nonprofit Types
SchoolsHigher ed institutions
Issues
Education
Characteristics
ChristianReligiousFundraising eventsOperates internationallyState / local levelReceives government fundingEndowed supportProvides scholarshipsFundraising races, competitions, and tournamentsTax deductible donationsAccepts online donations
General information
Address
420 W Main St
Danville, VA 24541
County
Danville city, VA
Website URL
averett.edu/ 
Phone
(434) 791-5600
Facebook page
AverettU 
Twitter profile
@averett 
IRS details
EIN
54-0129860
Fiscal year end
June
Taxreturn type
Form 990
Year formed
1859
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
B42: Undergraduate College (4-year)
NAICS code, primary
611310: Colleges, Universities, and Professional Schools
Parent/child status
Independent
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