Overview
What is Averett University?
Averett University is a nonprofit institution located in Danville, Virginia, with over 1,500 students pursuing undergraduate and graduate degrees. The university prides itself on personal attention to each student and encourages critical thinking and open-mindedness within the liberal arts tradition. Averett University's mission is to prepare students to serve and lead as catalysts for positive change, embracing diversity, academic excellence, and spiritual growth. They welcome students from various backgrounds, cultures, and nations through undergraduate and graduate programs that foster a personal, collegial, and interdisciplinary learning environment.
Official website here: www.averett.edu
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Star rating)
Averett University has achieved an impressive Four-Star rating from Charity Navigator, indicating a strong performance in terms of accountability and finance. This rating is based solely on their accountability and finance score of 96%, reflecting their commitment to transparency and effective financial management. The organization boasts a fully independent board, with all 27 members free from conflicts of interest, which enhances their governance structure.
The university's financial practices are also noteworthy, as evidenced by their high program expense ratio of 87.91%, demonstrating that the majority of their funds are directed towards their programs. Additionally, the organization has a low liabilities to assets ratio of 43.31%, which suggests a solid financial footing. Their comprehensive policies regarding conflict of interest, whistleblowing, and document retention further contribute to their high accountability standards.
However, while the financial data is commendable, details regarding the university's programmatic impact or community feedback are not included in this summary. This leaves a gap in understanding how effectively the university translates its financial health into positive outcomes for students and the community it serves.
This AI summary has been generated from information found on Charity Navigator.
Is Averett University legitimate?
Averett University is a legitimate nonprofit organization registered as a 501(c)(3) entity. Averett University submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $556,434
Professional Fundraising Fees: $68,742
Other Salaries and Wages: $13,406,401
For more financial information, click here
Official website here: www.averett.edu
What is the mission statement of Averett University?
Averett University is dedicated to preparing students to serve and lead as agents of positive change. This mission is fulfilled by educating students from diverse backgrounds, cultures, and nations through liberal arts-based undergraduate and graduate programs. Averett provides instruction to over 1,500 students, leading to undergraduate and graduate degrees, in a personal, collegial, interdisciplinary environment. The university encourages students to ask important questions, form and defend judgments, and thoughtfully evaluate diverse views. Valuing academic and religious freedom, spiritual growth, academic excellence, diversity, and tolerance, Averett University aims to prepare students for successful lives.
Official website here: www.averett.edu
Who is the CEO of Averett University?
Don Aungst is the Trustee of Averett University.
Official website here: www.averett.edu
What is the revenue of Averett University?
Averett University's revenue in 2022 was $52,537,799.
Official website here: www.averett.edu
Who are the executives of Averett University and what are their salaries?
Here are 38 key members and their salaries:
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Official website here: www.averett.edu
Where can I find the form 990 for Averett University?
Averett University's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.averett.edu
Learn more at the official website: www.averett.edu
Mission Statement of Averett University
Averett University, a higher education institution, is dedicated to shaping students into catalysts for positive change by providing them with a liberal arts-based education. This mission is achieved by educating students from diverse backgrounds, cultures, and nations in a personal, collegial, interdisciplinary environment. With a student population of over 1,500, Averett offers both undergraduate and graduate programs designed to prepare students for successful lives. The institution values academic and religious freedom, spiritual growth, academic excellence, diversity, and tolerance in accordance with its Christian heritage. Students at Averett are encouraged to ask important questions, form and defend judgments, and thoughtfully evaluate diverse views. The university fosters a learning environment where each student receives personal attention, enabling them to develop the skills necessary to make meaningful contributions to their communities and beyond.
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Impact
October, 2024
Averett University significantly impacts its community and beyond by preparing students to be catalysts for positive change. With a diverse student body exceeding 1,500 individuals, Averett emphasizes a liberal arts education that fosters critical thinking, creativity, and ethical leadership.
By offering undergraduate and graduate programs in a personal and interdisciplinary environment, the university ensures that students receive individualized attention, enabling them to thrive academically and personally. Averett's commitment to academic and religious freedom, spiritual growth, and diversity cultivates an inclusive atmosphere where students are encouraged to engage with diverse perspectives, ask pivotal questions, and form well-reasoned judgments.
Situated in Danville, Virginia, Averett University's educational mission extends beyond the classroom, instilling values of tolerance and community service in its graduates. This holistic approach not only prepares students for successful careers but also equips them with the tools necessary to make meaningful contributions to society, thereby enhancing the overall well-being of their communities.
This information is meant to be a general summary of Averett University. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $499,211
- Program Service Revenue: $43,892,457
- Gross Receipts: $52,671,919
Assets and Liabilities:
- Total Assets: $74,504,725
- Total Liabilities: $26,397,854
- Net Assets: $48,106,871
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TUITION AND FEES
Revenue
$37,656,101
AUXILIARY ENTERPRISES
Revenue
$5,203,141
OTHER PROGRAM SERVICE FEES
Revenue
$1,033,215
Organization Details
Founding Year
1859
Phone
(434) 791-5679Principal Officer
Don Aungst
Main Address
420 WEST MAIN STREET, DANVILLE, VA, 24541
Website
www.averett.eduNTEE Category
Code: B430 - Education
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