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.

501(c)(3) charity; gifts are tax-deductible.
99¢ of each $1 spent went to programs.
Run by 17 volunteers and 3 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 5
filings with a surplus
Average surplus $27K a year · 7% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
99%
of spending
Looks good: 99% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$92K
to officers and key staff · 24% of spending
Worth a look: pay to officers and key staff is 24% of spending; over 20%.
Pt VII · Sec A
16 mo
of spending, in cash
Plus $552K in investments, Pt X · Ln 11–13
Looks good: 15.8 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$746K
69% of total assets
Worth a look: liabilities are 69% of assets; over 65%.
Pt X · Ln 26
Independent board members
14
of 14 voting members
Looks good: 14 of 14 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$276K
-40% vs prior year
Spent
$386K
To programs
99%
Net assets
$334K
By yearFY2020–FY2024
Revenue
$276K
FY2024▼ -40%
Tap a bar for its year
Revenue by fiscal year
FY2020$412K
FY2021$469K
FY2022$360K
FY2023$456K
FY2024$276K
Expenses
$386K
FY2024▲ +13%
Tap a bar for its year
Expenses by fiscal year
FY2020$383K
FY2021$385K
FY2022$345K
FY2023$341K
FY2024$386K
Net assets
$334K
FY2024▼ -20%
Tap a bar for its year
Net assets by fiscal year
FY2020$253K
FY2021$333K
FY2022$273K
FY2023$418K
FY2024$334K

From the FY2024 Form 990 · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jan 1973.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

99 cents of each dollar spent went to programs.

Program services 99% · $381K Management & general 1% · $4K Fundraising 0% · $1K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

21 people listed on the 990; $92K paid to officers and key staff.

Part VII, Section A · reportable compensation
Director - Dean
$91,882Pt VII · Sec A
Trustee, Board Chair
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Trustee
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Michelle McNear’s $92K as Director - Dean is at the 79th percentile of top reported officer pay among 1613 $100K–1M education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Michelle McNear$91,882$19,231———
James Van Auken—$39,072$81,376$83,881$80,655

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Atlantic University executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Offers distance learning to transform lives and foster service through integrated mind, body, and spirit studies.

Questions for Atlantic University

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Provided by the organization

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1 program · $381K · in their own filed words · FY2024
01

Atlantic university had a steady 2024 academic year, meeting budgets and enrollment expectations. Recruitment and retention remained strong. Numerous courses were updated and improved and new faculty were recruited. Outcomes assessments continue to provide evidence of students achieving learning outcomes.

$381Kprogram expense

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$276K
Ln 12
Gifts and grantsLn 1h$133K
Fees for servicesLn 2g$118K
Investment incomeLn 3$25K
Money outPt IX
$386K
Ln 25
Programscol B$381K
Managementcol C$4K
Fundraisingcol D$1K
Owns and owesPt X
$334K
net assets · Ln 32
Cash and savingsLn 1–2$508K
Total assetsLn 16$1.1M
LiabilitiesLn 26$746K
PeoplePt VI, VII
21
listed · VII A
PaidVII A1
Voting boardVI 1a14
IndependentVI 1b14
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$133K
Fees for servicesLn 2g$118K
Investment incomeLn 3$25K
Gains on assetsLn 7$15K
Total revenueLn 12$276K
Assets in detailPt X, end of year
CashLn 1$508K
Cash and savings togetherLn 1–2$508K
InvestmentsLn 11–13$552K
Other assetsLn 15$2K
Total assetsLn 16$1.1M
LiabilitiesLn 26$746K
Net assetsLn 32$334K
OperationsPt I, VI
EmployeesI 53
VolunteersI 617
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$335K$508K
InvestmentsLn 11–13$496K$552K
Total assetsLn 16$875K$1.1M
LiabilitiesLn 26$457K$746K
Net assetsLn 32$418K$334K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$111K$111K
Other salaries and wagesLn 7$4K$3K$881
Payroll taxesLn 10$8K$8K
Accounting feesLn 11c$2K$2K$56$19
Other fees for servicesLn 11g$208K$208K
Advertising and promotionLn 12$18K$18K
Office expensesLn 13$109$109
Other expenses (24a–d)Ln 24$35K$34K$802$267
Total functional expensesLn 25$386K$381K$4K$1K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $276K$386K−$110K$334K 990 PDF
FY2023 $456K$341K$115K$418K 990 PDF
FY2022 $360K$345K$16K$273K 990 PDF
FY2021 $469K$385K$84K$333K 990 PDF
FY2020 $412K$383K$28K$253K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2024 990 (6 parts)
Part I · Summary $275,799 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $232,365$132,949
I-9 Program service revenuePrior year $205,962$118,019
I-10 Investment incomePrior year $17,611$24,831
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $455,938$275,799
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $132,926$122,643
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $207,995$263,373
I-18 Total expensesPrior year $340,921$386,016
I-19 Revenue less expensesPrior year $115,017−$110,217
Part VI · Governance 14 of 14 board members independent, 1 to look at
VI-1a Voting members of the governing body14
VI-1b Independent voting members14
VI-2 Family or business relationship among officers or directorsYes
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $275,799 across 6 lines filed
VIII-1f All other contributions, gifts and grants$132,949
VIII-1h Total contributions, gifts and grants$132,949
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $118,019$118,019
VIII-3 Investment incomeExcluded from tax $9,596$9,596
VIII-7 Net gain or loss on sales of assetsExcluded from tax $15,235$15,235
VIII-12 Total revenueRelated to mission $118,019 · Unrelated business $0 · Excluded from tax $24,831$275,799
Part IX · Statement of functional expenses $386,016 across 8 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $110,863$110,863
IX-7 Other salaries and wagesManagement $2,644 · Fundraising $881$3,525
IX-10 Payroll taxesPrograms $8,255$8,255
IX-11c Accounting feesPrograms $2,345 · Management $56 · Fundraising $19$2,420
IX-11g Other fees for servicesPrograms $207,584$207,584
IX-12 Advertising and promotionPrograms $18,255$18,255
IX-13 Office expensesPrograms $109$109
IX-24 Other expenses (24a–d)Programs $33,936 · Management $802 · Fundraising $267$35,005
IX-25 Total functional expensesPrograms $381,347 · Management $3,502 · Fundraising $1,167$386,016
Part X · Balance sheet $1,079,498 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $334,915$508,129
X-4 Accounts receivableStart of year $43,258$17,826
X-11 Publicly traded securitiesStart of year $496,486$551,752
X-15 Other assetsStart of year $0$1,791
X-16 Total assetsStart of year $874,659$1,079,498
X-19 Deferred revenueStart of year $20,969$20,969
X-25 Other liabilitiesStart of year $436,087$724,591
X-26 Total liabilitiesStart of year $457,056$745,560
X-27 Net assets without donor restrictionsStart of year −$213,207−$361,789
X-28 Net assets with donor restrictionsStart of year $630,810$695,727
X-32 Total net assets or fund balancesStart of year $417,603$333,938
X-33 Total liabilities and net assetsStart of year $874,659$1,079,498
Part XI · Reconciliation of net assets $333,938 net assets at year end
XI-1 Total revenue$275,799
XI-2 Total expenses$386,016
XI-3 Revenue less expenses−$110,217
XI-4 Net assets at start of year$417,603
XI-5 Net unrealized gains (losses) on investments$28,427
XI-9 Other changes in net assets−$1,875
XI-10 Net assets at end of year$333,938

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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