AMRIDGE UNIVERSITY INC

EIN: 237034324 501(c)(3) Education

MONTGOMERY, AL

Total Revenue
$8,650,028
Total Expenses
$8,263,346
Total Assets
$16,820,592
Net Assets
$15,893,660
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Financial Trends

Organization Details

Formation Year
1968
Legal Domicile
AL
Principal Officer
MICHAEL C TURNER
Phone
3343873877
Tax Period
2023-07-01 to 2024-06-30

AMRIDGE UNIVERSITY INC, founded in 1968, is a mid-sized nonprofit in the Education sector that reported $10.6M in total revenue in fiscal year 2018. Revenue surged 20% from the prior year, signaling strong growth momentum. The organization ran a surplus of $2.4M, a strong 23% operating margin.

Mission

AMRIDGE UNIVERSITY IS AN INDEPENDENT, COEDUCATIONAL INSTITUTION DEDICATED TO THE SPIRIT OF ITS CHRISTIAN IDEALS AND HERITAGE. AMRIDGE UNIVERSITY'S MISSION IS TO PREPARE MEN AND WOMEN, THROUGH A COMMITMENT TO ACADEMIC EXCELLENCE AND SPIRITUAL VITALITY AT THE UNDERGRADUATE AND GRADUATE LEVELS, FOR A LIFETIME OF LEARNING, LEADERSHIP, AND SERVICE TO THE PROFESSIONS, SOCIETY, CHURCH AND FAMILY.

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Trantor Score

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $91,195
Program Service Revenue $8,216,537
Investment Income $143,066
Other Revenue $199,230
TOTAL REVENUE $8,650,028

Expense Breakdown

Grants Paid $810,025
Salaries & Benefits $5,239,606
Fundraising Expenses $0
Program Expenses $5,265,234
Other Expenses $2,213,715
TOTAL EXPENSES $8,263,346

Year-over-Year Comparison

2023 2022 Change
Revenue $8,650,028 $9,349,751 -0.1%
Expenses $8,263,346 $8,833,818 -0.1%
Net Income $386,682 $515,933 -0.3%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
7
Independent Members
7
Employees
78
Volunteers
N/A

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
4
$209,057
Total Directors
7
$449,473
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DON PATE CHAIRMAN 1.00
Officer Director
$0 $0 $0
RAYMOND ELLIOTT VICE-CHAIRMAN 1.00
Officer Director
$0 $0 $0
JIMMIE BENSON BOARD MEMBER 1.00
Director
$0 $0 $0
DAVID LANGHANS BOARD MEMBER 1.00
Director
$0 $0 $0
JESSE RUSSELL SECRETARY 1.00
Director
$0 $0 $0
DONNIE G TURNER BOARD MEMBER 1.00
Director
$0 $0 $0
MICHAEL C TURNER EX-OFFICIO MEMBER 36.00
Director
$343,219 $106,254 $449,473
JASON WRIGHT BOARD MEMBER 1.00
Officer
$0 $0 $0
BARBARA TURNER BURSAR 36.00
Officer
$203,057 $6,000 $209,057
LEE TAYLOR VICE PRESIDENT OF ACADEMIC 36.00
Highest
$137,498 $12,000 $149,498
ANITA CROSBY CONTROLLER 36.00
Highest
$148,902 $12,000 $160,902
JACK S TEMPLE SYSTEM ADMINISTRATOR FOR N 36.00
Highest
$129,607 $18,000 $147,607
KENYETTA MCCURTY CHAIR OF THE COLLEGE OF BU 36.00
Highest
$113,848 $6,000 $119,848
LAINA COSTANZA VICE PRESIDENT OF STUDENT AFFAIRS & TECHNOLOGY 36.00
Highest
$159,541 $12,000 $171,541
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 No data No data No data No data
2024 $8,650,028 $8,263,346 $16,820,592 $386,682
2023 $9,349,751 $8,833,818 $16,559,959 $515,933
2022 $8,229,129 $8,072,392 $15,939,891 $156,737
2021 $9,057,738 $8,375,802 $15,676,767 $681,936
2020 $10,496,150 $8,294,953 $15,207,430 $2,201,197
2019 $10,590,941 $8,166,646 $14,438,530 $2,424,295
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