Nonprofit · EIN 54-0129860
AVERETT UNIVERSITY
Tax-exempt · DANVILLE, VA 24541
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $59,620,653 | $58,196,083 | $1,424,570 | $68,663,682 | $31,785,042 | $36,878,640 |
| June 30, 2024 | 990 | $54,255,552 | $63,574,928 | -$9,319,376 | $68,836,187 | $33,163,536 | $35,672,651 |
| June 30, 2023 | 990 | $54,663,239 | $60,055,807 | -$5,392,568 | $78,643,056 | $34,060,403 | $44,582,653 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $9,667,082
- of which government grants
- $295,305
- Program service revenue
- $46,504,395
- Investment income
- $1,881,345
- Net rental income
- $109,037
- Net gain from sales of assets
- $1,689,777
- Other revenue
- $1,567,831
Expenses
- Grants and similar amounts paid
- $21,447,750
- Compensation of officers, directors and key employees
- $1,355,295
- Other salaries and wages
- $11,740,897
- Salaries, compensation and benefits (total)
- $15,762,224
- Professional fundraising fees
- $0
- Legal fees
- $1,044,099
- Accounting fees
- $93,125
- Occupancy
- $1,762,661
- Travel
- $206,145
- Depreciation
- $4,423,085
- Program services (functional)
- $48,297,301
- Management and general (functional)
- $9,052,745
- Fundraising (functional)
- $846,037
Balance sheet and other
- Total assets, start of year
- $68,836,187
- Total assets, end of year
- $68,663,682
- Total liabilities, end of year
- $31,785,042
- Net assets, end of year
- $36,878,640
- Land, buildings and equipment
- $40,784,584
- Publicly traded securities
- $1,070,456
- Net assets without donor restrictions
- $4,033,334
- Net assets with donor restrictions
- $32,845,306
- Gross receipts
- $59,901,053
- Employees
- 704
- Volunteers
- 0
- Year formed
- 1859
- State of legal domicile
- VA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| DR TIFFANY FRANKS | PRESIDENT Officer | 1 | $288,513 | $19,581 |
| MELISSA WOHLSTEIN | VP ADVANCEMENT Highest-paid employee | 1 | $177,831 | $26,162 |
| LEE BEAUMONT | VP ADMISSIONS Highest-paid employee | 1 | $179,827 | $22,287 |
| MICHAEL BOEHM | CIO Highest-paid employee | 1 | $172,555 | $25,950 |
| VIRGINIA HENDERSON | VP ACADEMIC AFFAIRS Highest-paid employee | 1 | $149,027 | $13,523 |
| VENITA MITCHELL | VP STUDENT ENGAGEMENT Highest-paid employee | 1 | $137,943 | $13,122 |
| DON AUNGST | FORMER CFO Former | 0 | $113,686 | $9,956 |
| DON MERICKS | CFO Officer | 1 | $25,092 | $2,427 |
| REV DR DANIEL CARLTON | CHAIRPERSON Trustee or director, Officer | 0 | $0 | $0 |
| EMMA MADDUX KOZLOWSKI | VICE CHAIRPERSON Trustee or director, Officer | 0 | $0 | $0 |
| JAN GF BARNETT | TRUSTEE Trustee or director | 0 | $0 | $0 |
| ELLEN E BEVILLE | TRUSTEE Trustee or director | 0 | $0 | $0 |
| MS KIRK BIDGOOD | TRUSTEE Trustee or director | 0 | $0 | $0 |
| GRAYSON EATON | TRUSTEE Trustee or director | 0 | $0 | $0 |
| DR LENORA BILLINGS-HARRIS | TRUSTEE Trustee or director | 0 | $0 | $0 |
20 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| BRENDA BOWMAN | TRUSTEE Trustee or director | 0 | $0 |
| REV DR RICHARD BROWN | TRUSTEE Trustee or director | 0 | $0 |
| SARAH L COLLIE | TRUSTEE Trustee or director | 0 | $0 |
| GARY W COLLINS | TRUSTEE Trustee or director | 0 | $0 |
| LINDA GREEN | TRUSTEE Trustee or director | 0 | $0 |
| JOHN HERNDON JR | TRUSTEE Trustee or director | 0 | $0 |
| STARLETTE JOHNSON | TRUSTEE Trustee or director | 0 | $0 |
| MICHAEL E KECK | TRUSTEE Trustee or director | 0 | $0 |
| HAYWARD MAJORS | TRUSTEE Trustee or director | 0 | $0 |
| BRANDON POTTER | TRUSTEE Trustee or director | 0 | $0 |
| TONI RICE | TRUSTEE Trustee or director | 0 | $0 |
| DR MARY M G RIDDLE | TRUSTEE Trustee or director | 0 | $0 |
| DR CALVIN R SNOWDEN | TRUSTEE Trustee or director | 0 | $0 |
| DEBORAH W UPTON | TRUSTEE Trustee or director | 0 | $0 |
| CHRISTOPHER E WEST | TRUSTEE Trustee or director | 0 | $0 |
| L HAMPTON WILKINS | TRUSTEE Trustee or director | 0 | $0 |
| KRIS WILLARD | TRUSTEE Trustee or director | 0 | $0 |
| TODD MCGREGOR YEATTS | TRUSTEE Trustee or director | 0 | $0 |
| DR THOMAS POWELL | PRESIDENT Officer | 0 | $0 |
| DEBORAH HALL | INTERIM CFO - CONSULTANT Officer | 0 | $0 |
990 for the year ended June 30, 2024: 35 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Dr Tiffany Franks | President Officer | 1 | $321,845 | $27,275 |
| Don Aungst | Former VP Finance/COO Officer | 1 | $246,977 | $30,457 |
| Michael Boehm | CIO Highest-paid employee | 1 | $179,140 | $28,883 |
| Melissa Wohlstein | VP Advancement Highest-paid employee | 1 | $177,702 | $29,639 |
| Lee Beaumont | VP Admissions Highest-paid employee | 1 | $176,928 | $23,507 |
| Venita Mitchell | VP Student Engagement Highest-paid employee | 1 | $133,434 | $19,457 |
| Megan Stevens | VP of Athletics Highest-paid employee | 1 | $114,335 | $14,715 |
| Dr Annie P Wimbish | CHAIRPERSON Trustee or director, Officer | 0 | $0 | $0 |
| Emma Maddux Kozlowski | VICE CHAIRPERSON Trustee or director, Officer | 0 | $0 | $0 |
| Jessie Barksdale | TRUSTEE Trustee or director | 0 | $0 | $0 |
| Jan GF Barnett | TRUSTEE Trustee or director | 0 | $0 | $0 |
| Ellen E Beville | TRUSTEE Trustee or director | 0 | $0 | $0 |
| Ms Kirk Bidgood | TRUSTEE Trustee or director | 0 | $0 | $0 |
| Dr Lenora Billings-Harris | TRUSTEE Trustee or director | 0 | $0 | $0 |
| Brenda Bowman | TRUSTEE Trustee or director | 0 | $0 | $0 |
| Rev Dr Richard Brown | TRUSTEE Trustee or director | 0 | $0 | $0 |
| Rev Dr Daniel Carlton | TRUSTEE Trustee or director | 0 | $0 | $0 |
| Bradley Cohen | TRUSTEE Trustee or director | 0 | $0 | $0 |
| Sarah L Collie | TRUSTEE Trustee or director | 0 | $0 | $0 |
| Gary W Collins | TRUSTEE Trustee or director | 0 | $0 | $0 |
| Mark Gignac | TRUSTEE Trustee or director | 0 | $0 | $0 |
| Linda Green | TRUSTEE Trustee or director | 0 | $0 | $0 |
| John Herndon Jr | TRUSTEE Trustee or director | 0 | $0 | $0 |
| Starlette Johnson | TRUSTEE Trustee or director | 0 | $0 | $0 |
| Michael E Keck | TRUSTEE Trustee or director | 0 | $0 | $0 |
| Hayward Majors | TRUSTEE Trustee or director | 0 | $0 | $0 |
| Brandon Potter | TRUSTEE Trustee or director | 0 | $0 | $0 |
| Toni Rice | TRUSTEE Trustee or director | 0 | $0 | $0 |
| Dr Mary M G Riddle | TRUSTEE Trustee or director | 0 | $0 | $0 |
| Dr Calvin R Snowden | TRUSTEE Trustee or director | 0 | $0 | $0 |
| Deborah W Upton | TRUSTEE Trustee or director | 0 | $0 | $0 |
| Christopher E West | TRUSTEE Trustee or director | 0 | $0 | $0 |
| L Hampton Wilkins | TRUSTEE Trustee or director | 0 | $0 | $0 |
| Kris Willard | TRUSTEE Trustee or director | 0 | $0 | $0 |
| Todd McGregor Yeatts | TRUSTEE Trustee or director | 0 | $0 | $0 |
990 for the year ended June 30, 2023: 35 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| TIFFANY FRANKS | PRESIDENT Officer | 40 | $321,845 | $27,647 |
| DON AUNGST | VP FINANCE, CFO Officer | 40 | $246,977 | $31,174 |
| MICHAEL BOEHM | CIO Highest-paid employee | 40 | $179,140 | $29,790 |
| LEE BEAUMONT | VP ADMISSIONS Highest-paid employee | 40 | $167,228 | $24,028 |
| MELISSA WOHLSTEIN | VP ADVANCEMENT Highest-paid employee | 40 | $160,200 | $30,288 |
| TERESA BEACH | DEAN SCHOOL OF NURSING Highest-paid employee | 40 | $133,854 | $22,296 |
| VENITA MITCHELL | VP STUDENT ENGAGEMENT Highest-paid employee | 40 | $133,434 | $19,962 |
| GINGER HENDERSON | VP ACADEMIC AFFAIRS Highest-paid employee | 40 | $122,417 | $18,354 |
| ANNIE WIMBUSH | CHAIRPERSON Trustee or director, Officer | 1 | $0 | $0 |
| EMMA MADDUX KOZLOWSKI | VICE CHAIRPERSON Trustee or director, Officer | 1 | $0 | $0 |
| JAN BARNETT | TRUSTEE Trustee or director | 1 | $0 | $0 |
| ELLEN BEVILLE | TRUSTEE Trustee or director | 1 | $0 | $0 |
| KIRK BIDGOOD | TRUSTEE Trustee or director | 1 | $0 | $0 |
| LENORA BILLINGS-HARRIS | TRUSTEE Trustee or director | 1 | $0 | $0 |
| BRENDA BOWMAN | TRUSTEE Trustee or director | 1 | $0 | $0 |
| RICHARD BROWN | TRUSTEE Trustee or director | 1 | $0 | $0 |
| DANIEL CARLTON | TRUSTEE Trustee or director | 1 | $0 | $0 |
| BRADLEY COHEN | TRUSTEE Trustee or director | 1 | $0 | $0 |
| SARAH COLLIE | TRUSTEE Trustee or director | 1 | $0 | $0 |
| GARY COLLINS | TRUSTEE Trustee or director | 1 | $0 | $0 |
| MARK GIGNAC | TRUSTEE Trustee or director | 1 | $0 | $0 |
| LINDA GREEN | TRUSTEE Trustee or director | 1 | $0 | $0 |
| JOHN HERNDON JR | TRUSTEE Trustee or director | 1 | $0 | $0 |
| STARLETTE JOHNSON | TRUSTEE Trustee or director | 1 | $0 | $0 |
| MICHAEL KECK | TRUSTEE Trustee or director | 1 | $0 | $0 |
| HAYWARD MAJORS | TRUSTEE Trustee or director | 1 | $0 | $0 |
| BRANDON POTTER | TRUSTEE Trustee or director | 1 | $0 | $0 |
| TONI RICE | TRUSTEE Trustee or director | 1 | $0 | $0 |
| MARY RIDDLE | TRUSTEE Trustee or director | 1 | $0 | $0 |
| CALVIN SNOWDEN | TRUSTEE Trustee or director | 1 | $0 | $0 |
| DEBORAH UPTON | TRUSTEE Trustee or director | 1 | $0 | $0 |
| CHRISTOPHER WEST | TRUSTEE Trustee or director | 1 | $0 | $0 |
| HAMPTON WILKINS | TRUSTEE Trustee or director | 1 | $0 | $0 |
| KRIS WILLARD | TRUSTEE Trustee or director | 1 | $0 | $0 |
| TODD YEATTS | TRUSTEE Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 420 W MAIN ST, DANVILLE, VA 24541-3612
- In care of
- % AVERETT UNIVERSITY
- Mailing address (990-N for 2017)
- 420 West Main Street, Danville VA 24541
- Principal officer (990 for 2024)
- DR THOMAS POWELL, 420 WEST MAIN STREET, DANVILLE, VA 24541
- Principal officer (990-N for 2017)
- john wilt, 146 Greencroft Place, danville VA 24541
- Signed the 990
- DR THOMAS POWELL, PRESIDENT
- Phone
- (434) 791-5679
- Website
- WWW.AVERETT.EDU
- Return prepared by
- BROWN EDWARDS & COMPANY LLP
Mission
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.
Program accomplishments
- AVERETT PROVIDES INSTRUCTION TO APPROXIMATELY 1,200 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.Expenses $48,297,301 · grants $21,447,750 · revenue $49,224,978
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 54-0129860
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- School
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1929
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B430)
- Assets (IRS master file)
- $68,663,682
- Income (IRS master file)
- $59,901,053
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $59,620,653 | $58,196,083 | $68,663,682 | XML |
| 990 | June 2024 | $54,255,552 | $63,574,928 | $68,836,187 | IRS |
| 990 | June 2023 | $54,663,239 | $60,055,807 | $78,643,056 | XML |
| 990 | June 2022 | $52,537,799 | $58,894,855 | $74,504,725 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990-N for 2017 Officer: john wilt | June 30, 2018 | ≤ $50,000 receipts | – | – | e-Postcard |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 54-0129860).
Questions about AVERETT UNIVERSITY
- What is the EIN of AVERETT UNIVERSITY?
- The employer identification number (EIN) of AVERETT UNIVERSITY is 54-0129860.
- Is AVERETT UNIVERSITY tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1929.
- Are donations to AVERETT UNIVERSITY tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does AVERETT UNIVERSITY file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of AVERETT UNIVERSITY due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did AVERETT UNIVERSITY last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of AVERETT UNIVERSITY?
- The 990 for the year ended June 30, 2025 names DR THOMAS POWELL.
- Who are the officers and directors of AVERETT UNIVERSITY?
- The 990 for the year ended June 30, 2025 lists 35 people; 8 received compensation from the organization, the highest $288,513 (DR TIFFANY FRANKS, PRESIDENT).
- How much revenue does AVERETT UNIVERSITY have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $59,620,653, expenses of $58,196,083 and total assets of $68,663,682 at year end.
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