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.
In care of Averett University
Donations are tax-deductible
Category
Other
Employees
715
Volunteers
0
Financial Snapshot
FY ending 2023-06-30
Revenue
$54.7M
Expenses
$60.1M
Assets
$78.6M
Liabilities
$34.1M
Financial history
$60.1M$30.0M$0
17181920212223
RevenueExpenses
Latest FY2023: $54.7M · Avg: $50.1M
Foreign activity (Schedule F)
Total spent abroad$19K
Foreign employees0
Foreign offices0
Foreign partnership interestNo
Foreign trust interestNo
Region
Activity
Spent
EUROPE (INCLUDING ICELAND & GREENLAND)
—
—
EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM
—
—
Political & Grant Activity
Campaign Spending
—
Lobbying
—
Grants Given
$19.9M
AVERETT UNIVERSITY
Your actions
Address
420 W Main ST
Danville, VA, 24541-361
Governance
Voting board members27
Independent members27
Conflict-of-interest policyYes
Whistleblower policyYes
Doc-retention policyYes
Audit committeeYes
990 reviewed by boardYes
Compensation practices
Severance paymentsNo
Equity-based compNo
Supplemental retirement planNo
Compensation committeeYes
Used comp surveyYes
Board approved compYes
Initial contract exceptionNo
Financial detail (Schedule D)
Endowment held by related orgNo
Fundraising activity (Schedule G)
Uses professional fundraisersNo
Gross fundraising receipts$65K
Net to org-$15K
Retained by contractors$79K
ChannelsMail · Phone · Email · In-person · Grant solicitation