ATLANTIC UNIVERSITY

EIN: 540784341 501(c)(3) Education

VIRGINIA BEACH, VA

Total Revenue
$455,938
Total Expenses
$340,921
Total Assets
$874,659
Net Assets
$417,603
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
1930
Legal Domicile
VA
Principal Officer
CASSIE MCQUAAGE
Phone
7576318101
Tax Period
2023-01-01 to 2023-12-31

ATLANTIC UNIVERSITY, founded in 1930, is a small nonprofit in the Education sector that reported $501K in total revenue in fiscal year 2018. Revenue surged 32% from the prior year, signaling strong growth momentum. The organization ran a surplus of $100K, a strong 20% operating margin.

Mission

ATLANTIC UNIVERSITY PROVIDES A DISTANCE EDUCATION LEARNING ENVIRONMENT THAT INTEGRATES BODY, MIND AND SPIRIT TO HELP PEOPLE ACHIEVE HIGHER HUMAN POTENTIAL AND TRANSFORM THEIR LIVES, BETTER UNDERSTAND THEIR RELATIONSHIP TO ALL LIFE, AND BE OF PROFOUND SERVICE TO OTHERS. THE CURRICULUM DRAWS FROM THE BEST OF THE HUMANITIES, SOCIAL AND NATURAL SCIENCES, PSYCHOLOGY AND RELIGIOUS AND SPIRITUAL TRADITIONS, TO FORM A DISTINGUISHED AND RELEVANT COURSE OF SCHOLARSHIP IN THE FIELD OF TRANSFORMATIVE THEORIES AND PRACTICES.

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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 $232,365
Program Service Revenue $205,962
Investment Income $17,611
Other Revenue $0
TOTAL REVENUE $455,938

Expense Breakdown

Grants Paid $0
Salaries & Benefits $132,926
Fundraising Expenses $962
Program Expenses $337,074
Other Expenses $207,995
TOTAL EXPENSES $340,921

Year-over-Year Comparison

2023 2022 Change
Revenue $455,938 $360,327 +0.3%
Expenses $340,921 $344,675 0.0%
Net Income $115,017 $15,652 +6.3%
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
13
Independent Members
13
Employees
6
Volunteers
13

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
3
$264,035
Total Directors
15
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DOUG KNUEVEN TRUSTEE, BOARD CHAIR 0.75
Director
$0 $0 $0
MARIANNE SPLENDA TRUSTEE, BOARD VICE CHAIR 0.75
Director
$0 $0 $0
GORGIANA ALONZO THROUGH JUNE 2023 TRUSTEE 0.75
Director
$0 $0 $0
BERNIE COOMES TRUSTEE 0.75
Director
$0 $0 $0
VIRDELLA DENWIDDIE THROUGH JUNE 202 TRUSTEE 0.75
Director
$0 $0 $0
DONITA M KING TRUSTEE 0.75
Director
$0 $0 $0
ALISON MILLS-LONG TRUSTEE 0.75
Director
$0 $0 $0
ANTHONY REDDIN ELECTED JUNE 2023 TRUSTEE 0.75
Director
$0 $0 $0
KEVIN REGER TRUSTEE 0.75
Director
$0 $0 $0
JOHN SCHROEDER ELECTED JUNE 2023 TRUSTEE 0.75
Director
$0 $0 $0
JOY SCOTT ELECTED JUNE 2023 TRUSTEE 0.75
Director
$0 $0 $0
DIANNE STANFORD TRUSTEE 0.75
Director
$0 $0 $0
ARTHUR P STRICKLAND TRUSTEE 0.75
Director
$0 $0 $0
MARK THURSTON TRUSTEE 0.75
Director
$0 $0 $0
KATHLEEN WELSCH TRUSTEE 0.75
Director
$0 $0 $0
NICOLE CHARLES EXECUTIVE DIRECTOR/CEO 1.50
Officer
$0 $10,989 $180,106
JAMES VAN AUKEN VICE PRESIDENT/DIRECTOR 26.00
Officer
$39,072 $10,626 $49,698
MICHELLE MCNEAR DIRECTOR - DEAN 40.00
Officer
$19,231 $0 $34,231
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
2024 No data No data No data No data
2023 $455,938 $340,921 $874,659 $115,017
2022 $360,327 $344,675 $643,991 $15,652
2021 $468,916 $384,981 $599,474 $83,935
2020 $411,676 $383,258 $582,640 $28,418
2019 $456,035 $445,814 $582,932 $10,221
2018 $500,696 $400,548 $510,781 $100,148
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