2024-02-16T14:56:25-06:00 2023-05-31 450250958 EIDE BAILLY LLP 400 PINE ST STE 600 ABILENE TX 796015190 990 2022-06-01 750851900 ABILENE CHRISTIAN UNIVERSITY ABIL 3256742000 ACU BOX 29120 ABILENE TX 79699 KEVIN CAMPBELL SVP OF OPERATIONS 3256742000 2024-02-15 1 KEVIN CAMPBELL 999009999 1 MICHELLE BEATY CPA P01404339 3256724000 2024-02-14 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z KEVIN CAMPBELL ACU BOX 29120 ABILENE TX 79699 509372070 0 X WWW.ACU.EDU X 1906 TX ACU IS A NATIONAL LEADER IN CHRISTIAN HIGHER EDUCATION, AND THE MISSION IS TO EDUCATE STUDENTS FOR CHRISTIAN SERVICE AND LEADERSHIP THROUGHOUT THE WORLD. ACU IS A VIBRANT, INNOVATIVE, CHRIST-CENTERED COMMUNITY THAT ENGAGES STUDENTS IN AUTHENTIC SPIRITUAL AND INTELLECTUAL GROWTH, EQUIPPING THEM TO MAKE A REAL DIFFERENCE IN THE WORLD. 31 31 2972 31 32629 0 62175916 57110167 182596890 197436022 57904587 33816396 27436412 26448301 330113805 314810886 77947626 79560670 0 0 85402554 92085258 150341 76132 4676187 76816407 84186614 240316928 255908674 89796877 58902212 1207518095 1241968705 328653877 317522808 878864218 924445897 X ACU IS A NATIONAL LEADER IN CHRISTIAN HIGHER EDUCATION, AND THE MISSION IS TO EDUCATE STUDENTS FOR CHRISTIAN SERVICE AND LEADERSHIP THROUGHOUT THE WORLD. ACU IS A VIBRANT, INNOVATIVE, CHRIST-CENTERED COMMUNITY THAT ENGAGES STUDENTS IN AUTHENTIC SPIRITUAL AND INTELLECTUAL GROWTH, EQUIPPING THEM TO MAKE A REAL DIFFERENCE IN THE WORLD. 0 0 149586198 79560670 161741482 ABILENE CHRISTIAN UNIVERSITY IS A HIGHER EDUCATION INSTITUTION WHICH SERVES APPROXIMATELY 6,000 GRADUATE AND UNDERGRADUATE STUDENTS. IN ADDITION TO EDUCATING THE STUDENTS, THE UNIVERSITY OFFERS ON-CAMPUS AND OFF-CAMPUS HOUSING, ON-CAMPUS FOOD SERVICE, ATHLETIC PROGRAMS AND ASSISTANCE WITH STUDENT AID. ACU ALSO OPERATES PROGRAMS TO FOSTER RELATIONSHIPS WITH ALUMNI OF THE UNIVERSITY. 23619061 25398162 AUXILIARY ENTERPRISES INTEGRATE LIVING, LEARNING, AND FAITH, WHEREBY STUDENTS LEARN TO LIVE LIVES OF CHRISTIAN SERVICE AND LEADERSHIP THROUGHOUT THE WORLD. IT COMBINES WHAT STUDENTS LEARN IN THE CLASSROOM WITH PRACTICAL APPLICATION THAT WILL PREPARE THEM FOR REAL-WORLD EXPERIENCES. 10400683 11184113 EDUCATION SERVICES INCLUDES ACADEMIC COUNSELING AND TESTING SERVICES, HEALTH SERVICES, AND STUDY ABROAD ACTIVITIES THAT ARE ALL DESIGNED TO ENHANCE A STUDENT'S LEARNING EXPERIENCE AND THE OVERALL QUALITY OF A STUDENT'S EDUCATION. 183605942 1 1 0 1 0 1 0 0 1 1 1 1 0 1 1 1 0 1 1 1 1 0 0 1 0 0 0 1 1 1 1 0 0 0 0 0 1 1 1 1 0 1 1 0 0 1 1 0 0 0 1 658 0 1 2972 1 1 1 1 UK 0 0 0 1 1 0 0 0 0 0 0 0 0 0 X 31 31 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 1 1 X X KEVIN CAMPBELL 3256746552 ACU BOX 29120 ABILENE TX 79699 ALAN RICH TRUSTEE 1.00 X 0 0 0 APRIL ANTHONY TRUSTEE 1.00 X X 0 0 0 ARTHUR CULPEPPER TRUSTEE 1.00 X 0 0 0 BELINDA HARMON TRUSTEE 1.00 X 0 0 0 BERTO GUERRA TRUSTEE 1.00 X 0 0 0 BILL MINICK TRUSTEE 1.00 X 0 0 0 CAROLE PHILLIPS TRUSTEE 1.00 X 0 0 0 CECIL EAGER TRUSTEE 1.00 X 0 0 0 CHARLES ONSTEAD TRUSTEE 1.00 X 0 0 0 DAVID FLOW TRUSTEE 1.00 X 0 0 0 DONNY EDWARDS TRUSTEE 1.00 X 0 0 0 DOUG ROBISON TRUSTEE 1.00 X 0 0 0 ELISE MITCHELL TRUSTEE 1.00 X 0 0 0 FERNANDO NASMYTH TRUSTEE 1.00 X 0 0 0 GUY LEWIS TRUSTEE 1.00 X 0 0 0 JACK GRIGGS TRUSTEE 1.00 X 0 0 0 JAMES PORTER TRUSTEE 1.00 X 0 0 0 JANA HANNER TRUSTEE 1.00 X 0 0 0 KYLE HAMMOND TRUSTEE 1.00 X 0 0 0 LESLIE HUTCHINS TRUSTEE 1.00 X 0 0 0 MARELYN SHEDD TRUSTEE 1.00 X 0 0 0 MARK DUNCUM TRUSTEE 1.00 X 0 0 0 MITCH WILBURN TRUSTEE 1.00 X 0 0 0 RALPH DRAPER TRUSTEE 1.00 X 0 0 0 RANDY OWEN TRUSTEE 1.00 X 0 0 0 RICK WESSEL TRUSTEE 1.00 X 0 0 0 SHELTON GIBBS TRUSTEE 1.00 X 0 0 0 TOD BROWN TRUSTEE 1.00 X X 0 0 0 WAYNE MASSEY TRUSTEE 1.00 X 0 0 0 ANTHONY WILLIAMS CHIEF DIVERSITY OFFICER 40.00 X 167041 0 30055 BLAIR SCHROEDER CHIEF PLANNING OFFICER 40.00 X 203181 0 32593 DANIEL MACALUSO VP OF ADVANCEMENT 40.00 X 247405 0 40112 JACK RICH PRESIDENT - ACIMCO 1.00 40.00 X 0 591688 46324 JOE LEE CIO 40.00 X 158501 0 22582 KEVIN CAMPBELL SVP OF OPERATIONS 40.00 X 279555 0 43067 LORI HERRICK CFO 40.00 X 144135 0 17663 PHILIP SCHUBERT PRESIDENT 40.00 X 499428 0 120572 ROBERT RHODES PROVOST 40.00 X 247057 0 40494 RUSTY KRUZELOCK VP OF RESEARCH 40.00 X 193782 0 34460 SLADE SULLIVAN VP & GENERAL COUNSEL 40.00 X 186185 0 41408 STEPHEN JOHNSON VP AND CHIEF ADMIN OFFICER 40.00 X 283784 0 40939 SUZANNE ALLMON SENIOR ADVISOR TO THE PRES 40.00 X 128621 0 23863 TAMERA LONG VP OF ENROLLMENT 40.00 X 191429 0 32787 WENDY JONES CHIEF HR OFFICER 40.00 X 122444 0 28949 WILLIAM BEASLEY CHIEF OF STAFF 40.00 X 66829 0 15805 ZACHARY LASSITER VP OF ATHLETICS 40.00 X 261566 0 33383 STEVEN RUTT VICE PRESIDENT, COO 40.00 X 222580 0 27392 TONY HILL SENIOR REACTOR PHYSICIST 40.00 X 151588 0 27656 BRETTE TANNER HEAD BASKETBALL COACH 40.00 X 322147 0 33776 KEITH PATTERSON HEAD FOOTBALL COACH 40.00 X 407243 0 41220 PHILIP BOONE ADVANCEMENT OFFICE 40.00 X 242938 0 34808 RUSTY TOWELL DIRECTOR OF NEXT 40.00 X 277358 0 37581 TIMOTHY HEAD ASST DIRECTOR OF NEXT 40.00 X 259718 0 24729 ROYCE MONEY CHANCELLOR 40.00 X 22875 0 70 JAMES ORR VP ADVANCEMENT 40.00 X 153785 0 33203 KENT RIDEOUT VICE PRESIDENT - ACIMCO 0.00 40.00 X 0 291275 26517 LINDA BONNIN SVP OF MARKETING 40.00 X 127543 0 17513 5568718 882963 949521 26 1 1 0 CORE CONSTRUCTION SERVICES 6320 RESEARCH RD 200 FRISCO TX 75033 CONSTRUCTION 20291124 LINBECK GROUP LLC 1263 WEST ROSEDALE ST STE 202 FORT WORTH TX 76104 CONSTRUCTION 12629270 HOAR CONSTRUCTION LLC 7320 NORTH MOPAC EXPRESSWAY AUSTIN TX 78731 CONSTRUCTION 12430266 CHARTWELLS HIGHER EDUCATION 2 INTERNATIONAL DRIVE RYE BROOK NY 10573 FOOD SERVICE 7356278 CLOUD CONTROL MEDIA 919 S WINTON RD STE 212 ROCHESTER NY 14618 ENROLLMENT LEADS 3242230 110 1877646 8877410 46355111 153940 57110167 TUITION AND FEES 611710 160853747 160853747 AUXILIARY ENTERPRISES 611710 25398162 25398162 EDUCATION SERVICES 611710 11184113 11184113 197436022 13538673 10535 13528138 24581691 24581691 1513890 535015 978875 978875 22094 956781 214108093 193830370 20277723 20277723 20277723 591838 195799 396039 396039 OTHER INCOME 611710 491696 491696 491696 314810886 198323757 32629 59344333 881384 881384 78679286 78679286 4523872 698603 3102792 722477 68744060 53825638 12540264 2378158 2957595 2315756 539523 102316 11257320 8814324 2053556 389440 4602411 3603623 839570 159218 48927 48927 146540 146540 76132 76132 1773029 1773029 7289379 5230820 1992126 66433 6906137 692066 6038768 175303 6205678 4254041 1739369 212268 6680002 3498783 3141102 40117 193183 193183 6824029 1114158 5710897 -1026 7956590 7082122 618837 255631 903435 812049 87000 4386 8682715 8682715 11312652 11312652 2562285 258658 2303627 DINING SERVICE CONTRACT 7086645 7086645 REPAIRS, MAINTENANCE & 3640147 1179353 2457957 2837 BAD DEBT EXPENSE 1373650 3006 1370644 STUDENT DEVELOPMENT/REC 1222295 1174099 48196 3379296 2208345 1078454 92497 255908674 183605942 67626545 4676187 -681978 -742212 108695192 42480647 28310319 20082255 19131246 19088232 1540916 1515924 728038 755765 8192919 7389211 641880009 178519771 401723855 463360238 170910463 185156911 362203148 396066935 106763977 106814799 1207518095 1241968705 24049251 19241313 172406666 170839999 74960000 74960000 7145961 6699471 50091999 45782025 328653877 317522808 X 468078861 506830012 410785357 417615885 878864218 924445897 1207518095 1241968705 58902212 -13320533 0 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 1 83958 0 0 83958 0 PART II-B, LINE 1: EMPLOYEES, ON BEHALF OF ACU, MET WITH CITY OFFICIALS ON VARIOUS OCCASIONS TO DISCUSS DEVELOPMENT PROJECTS. ACU WORKED TO ENGAGE AND EDUCATE VARIOUS MEMBERS OF THE LEGISLATOR AND ADMINISTRATION REGARDING THE UNIQUE RESEARCH ACTIVITIES THAT THE UNIVERSITY WAS SPEARHEADING AS PART OF A CONSORTIUM OF TEXAS UNIVERSITIES. 8 114848 113700 1346025 1 1 0 0 699224594 46427518 44498034 10126903 23616373 2683329 753723541 638449351 18930342 72063990 9324839 18424274 2469976 699224594 443572575 19339406 200766797 8335728 13891677 3002022 638449351 444076565 10751406 12229537 7750875 14118064 1615993 443572575 431945602 10274402 24561898 7378682 13869601 1457054 444076565 0.47475 0.52525 0 1 1 1720684 1720684 370082549 88052868 282029681 109344394 62134804 47209590 31075404 28332099 2743305 56633129 73023849 129656978 463360238 42742473 F INTERNATIONAL EMERGING 55404119 F HEDGE FUNDS 16798567 F PRIVATE EQUITY VENTURE CAPITAL 152465884 F ENERGY AND NATURAL RESOURCES 95405370 F OTHER SECURITIES 33250522 F 396066935 INSURANCE RECEIVABLE 2175073 MINERAL INTERESTS 89893105 OTHER INVESTMENTS 11138273 ASSETS HELD BY EXTERNAL TRUSTEES 3608348 106814799 DEPOSITS AND OTHER LIABILITIES 19311910 RESERVE FOR SPLIT INT AGREEMENTS 21828024 DEBT ISSUANCE COST AND BOND PREMIUM 4642091 45782025 X 218365676 -13320533 2738404 -10582129 228947805 85863081 85863081 314810886 174530453 4484860 4484860 170045593 85863081 85863081 255908674 PART V, LINE 4: THE ENDOWMENT FUNDS OF THE UNIVERSITY ARE HELD TO SUPPORT THE GENERAL OPERATIONS OF THE UNIVERSITY AND TO PROVIDE SCHOLARSHIPS TO STUDENTS OF THE UNIVERSITY. PART X, LINE 2: THE UNIVERSITY IS A TAX-EXEMPT INSTITUTION AS AN ORGANIZATION DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED ("IRC") AND IS NOT A "PRIVATE FOUNDATION" UNDER SECTION 501(A) OF THE IRC; ACCORDINGLY, NO PROVISION FOR INCOME TAXES HAS BEEN MADE IN THE CONSOLIDATED FINANCIAL STATEMENTS. ACIMCO HAS ALSO BEEN ACCORDED RECOGNITION AS EXEMPT FROM INCOME TAX UNDER SECTION 501(A) OF THE IRC, AS ORGANIZATIONS DESCRIBED IN SECTION 501(C)(3) AND 509(A)(3) OF THE IRC. FOR THE YEARS ENDED MAY 31, 2023 AND 2022, THE UNIVERSITY INCURRED UNRELATED BUSINESS ACTIVITY RELATED TO CERTAIN RETAIL SALES, ADVERTISING, RENTAL INCOME, OIL AND GAS WORKING INTEREST, AND CERTAIN ALTERNATIVE INVESTMENTS, RESULTING IN AN IMMATERIAL AMOUNT OF UNRELATED BUSINESS INCOME. TAX POSITIONS TAKEN RELATED TO THE UNIVERSITY'S TAX-EXEMPT STATUS, UNRELATED BUSINESS INCOME ACTIVITIES, DEDUCTIBILITY OF EXPENSES FOR UNRELATED BUSINESS ACTIVITIES, AND OTHER MISCELLANEOUS TAX POSITIONS HAVE BEEN REVIEWED, AND MANAGEMENT BELIEVES THAT MATERIAL POSITIONS TAKEN BY THE UNIVERSITY WILL MORE LIKELY THAN NOT BE SUSTAINED BY EXAMINATION. ACCORDINGLY, THE UNIVERSITY HAS NOT RECORDED A LIABILITY FOR UNCERTAIN TAX POSITIONS. AS OF MAY 31, 2023, THE UNIVERSITY'S TAX YEARS 2017 TO 2023 REMAIN SUBJECT TO EXAMINATION. PART XI, LINE 2D - OTHER ADJUSTMENTS: WOODWARD ENDOWMENT REVENUE 815,991. ACIMCO REVENUE 1,922,413. PART XI, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS 78,679,286. RECLASS COST OF GOODS SOLD -195,799. RECLASS RELATED ORGANIZATION GIFTS 1,877,646. RECLASS ENDOWMENT FEES - ACIMCO 1,773,029. RECLASS RENTAL EXPENSES -527,949. RECLASS HUNTER WELCOME CENTER RENTAL INCOME 3,244. RECLASS INVESTMENT EXPENSES NETTED ON FINANCIAL STATEMENTS 4,253,624. PART XII, LINE 2D - OTHER ADJUSTMENTS: WOODWARD ENDOWMENT EXPENSES 1,877,646. ACIMCO EXPENSES 2,607,214. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS 78,679,286. RECLASS COST OF GOODS SOLD -195,799. RECLASS RELATED ORGANIZATION GIFTS 1,877,646. RECLASS ENDOWMENT FEES - ACIMCO 1,773,029. RECLASS RENTAL EXPENSES -527,949. RELCASS HUNTER WELCOME CENTER RENTAL 3,244. RECLASS INVESTMENT EXPENSES NETTED ON FINANCIAL STATEMENTS 4,253,624. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 ACU PUBLISHES ITS NONDISCRIMINATORY POLICY ON OUR PUBLIC WEB SITE, IN THE UNIVERSITY CATALOG AND ON THE APPLICATION FOR ADMISSION. SCHEDULE E, PART I, LINE 6 ABILENE CHRISTIAN UNIVERSITY RECEIVES VARIOUS RESEARCH GRANTS FROM THE STATE OF TEXAS AND OTHER GOVERNMENTAL ENTITIES. IN ADDITION, ACU RECEIVES SCHOLARSHIP GRANTS FROM FEDERAL AGENCIES AND THE STATE OF TEXAS TO ASSIST STUDENTS WITH THEIR COSTS OF EDUCATION. ACU PARTICIPATES IN THE DIRECT LOAN PROGRAM WHICH PROVIDES STUDENTS FEDERAL SUBSIDIZED LOANS TO ASSIST WITH THEIR EDUCATIONAL COSTS. EUROPE (INCLUDING ICELAND & GREENLAND) 1 1 PROGRAM SERVICES HIGHER EDUCATION 843086 0 1 0 0 0 1 843086 0 843086 1 0 0 1 1 0 PART III ACCOUNTING METHOD: X X X 1 RUFFALOCODY LLC 1025 KIRKWOOD CEDAR RAPID IA 52404 FUNDRAISING 0 0 76132 0 76132 AL AK AZ AR CA CO CT DE DC FL GA HI ID IL IN IA KS KY LA ME MD MI MN MS MO MT NE NV NH NJ NM NY NC ND OH OK OR PA RI SC SD TN TX UT VT VA WA WV WI WY SCHEDULE G, PART I, LINE 2B, COLUMN (V) DONATIONS COLLECTED RELATED TO PROFESSIONAL FUNDRAISING ACTVITIES AS THE FUNDRAISER DOES NOT COLLECT FUNDS BUT RATHER IS PAID MONTHLY FOR GENERAL ACTIVITES. 1 EASTERN EUROPEAN MISSIONS PO BOX 55245 HURST TX 76054 742200722 501(C)(3) 10000 0 GENERAL SUPPORT FOCUS ON THE FAMILY 8605 EXPLORER DR COLORADO SPRINGS CO 80920 953188150 501(C)(3) 18000 0 GENERAL SUPPORT LIVEBEYOND PO BOX 128137 NASHVILLE TN 37212 300345964 501(C)(3) 10000 0 GENERAL SUPPORT NORTH DAVIS CHURCH OF CHRIST 1601 NORTH DAVIS DR ARLINGTON TX 76012 751049665 501(C)(3) 12000 0 GENERAL SUPPORT SKILLMAN CHURCH OF CHRIST 3014 SKILLMAN ST DALLAS TX 75206 750939953 501(C)(3) 10000 0 GENERAL SUPPORT ABILENE HERITAGE SQUARE 400 PINE ST STE 1000 ABILENE TX 79601 823454890 501(C)(3) 35000 0 GENERAL SUPPORT THEONE KAFE LLC 2261 BROOKHOLLOW PLAZA DR STE 210 ARLINGTON TX 76006 853692404 501(C)(3) 10000 0 GENERAL SUPPORT WOODSEDGE COMMUNITY CHURCH 25333 GOSLING RD SPRING TX 77389 760426317 501(C)(3) 6500 0 GENERAL SUPPORT MIGHTY OAKS FOUNDATION PO BOX 1405 MONTGOMERY TX 77356 453159170 501(C)(3) 25000 0 GENERAL SUPPORT 12 0 SCHOLARSHIPS - HIGHER EDUCATION 7802 78418091 CARES HEERF EMERGENCY STUDENT AID 125 261195 PART I, LINE 2: SCHOLARSHIPS & GRANTS - HIGHER EDUCATION - FOR ALL SCHOLARSHIP FUNDS AND GRANTS, STUDENT FINANCIAL SERVICES HAS ESTABLISHED SPECIFIC CRITERIA IN REGARDS TO ELIGIBILITY AND SELECTION. THE ELIGIBILITY REQUIREMENTS OF THE STUDENTS ARE DOCUMENTED AND MONITORED FOR COMPLIANCE. THE ACTUAL SCHOLARSHIPS AND GRANTS ARE CREDITED TO THE STUDENT'S TUITION BILLS. NO SCHOLARSHIPS OR GRANTS ARE AWARDED DIRECTLY TO THE RECIPIENTS. CARES HEERF EMERGENCY STUDENT AID - MAXIMUM ELIGIBILITY TIERS WERE ESTABLISHED BY THE UNIVERSITY BASED UPON VARIOUS STUDENT SITUATIONAL EXPERIENCES. THE HIGHEST OF WHICH WAS SET JUST BELOW THE MAXIMUM PELL GRANT ELIGIBILITY FIGURE, AS RECOMMENDED BY THE U.S. DEPARTMENT OF EDUCATION. THE UNIVERSITY REVIEWED REQUESTS AND DETERMINED STUDENT'S QUALIFYING AMOUNTS BASED UPON THEIR AMOUNTS REQUESTED TO COVER THEIR CURRENT FINANCIAL NEEDS WITH RESPECT TO THE ESTABLISHED TIER MAXIMUMS. A FOLLOW UP QUESTIONNAIRE WAS SENT TO STUDENTS WHOSE INITIAL APPLICATION WAS UNCLEAR ABOUT THEIR SHORT-TERM FINANCIAL NEEDS. AWARDS WERE FOCUSED ON THE SIX FINANCIAL CATEGORIES ENCOURAGED BY THE FEDERAL GOVERNMENT. THESE INCLUDE FUNDING TO HELP STUDENTS PAY FOR HOUSING, FOOD, CHILDCARE, HEALTHCARE, TECHNOLOGY AND COURSE MATERIALS. DISTRIBUTIONS TO STUDENTS RANGED BETWEEN $100 TO $6,000. X X X 1 1 X X X X 0 1 0 0 0 0 0 0 0 JACK RICH PRESIDENT - ACIMCO 0 333140 0 33300 0 225248 0 24400 0 21924 0 638012 0 0 PHILIP SCHUBERT PRESIDENT 381460 0 91220 0 26748 0 24400 0 96172 0 620000 0 0 0 KEITH PATTERSON HEAD FOOTBALL COACH 398237 0 0 0 9006 0 24400 0 16820 0 448463 0 0 0 BRETTE TANNER HEAD BASKETBALL COACH 315652 0 6000 0 495 0 14500 0 19276 0 355923 0 0 0 STEPHEN JOHNSON VP AND CHIEF ADMIN OFFICER 209235 0 74176 0 373 0 17800 0 23139 0 324723 0 0 0 KEVIN CAMPBELL SVP OF OPERATIONS 217599 0 61140 0 816 0 18488 0 24579 0 322622 0 0 0 KENT RIDEOUT VICE PRESIDENT - ACIMCO 0 72464 0 0 0 218811 0 6600 0 19917 0 317792 0 0 RUSTY TOWELL DIRECTOR OF NEXT 198046 0 78862 0 450 0 12424 0 25157 0 314939 0 0 0 ZACHARY LASSITER VP OF ATHLETICS 232115 0 28500 0 951 0 18920 0 14463 0 294949 0 0 0 ROBERT RHODES PROVOST 245965 0 0 0 1092 0 20492 0 20002 0 287551 0 0 0 DANIEL MACALUSO VP OF ADVANCEMENT 246347 0 0 0 1058 0 20493 0 19619 0 287517 0 0 0 TIMOTHY HEAD ASST DIRECTOR OF NEXT 186413 0 0 0 73305 0 14913 0 9816 0 284447 0 0 0 PHILIP BOONE ADVANCEMENT OFFICE 166908 0 75000 0 1030 0 13292 0 21516 0 277746 0 0 0 STEVEN RUTT VICE PRESIDENT, COO 172971 0 0 0 49609 0 3737 0 23655 0 249972 0 0 0 BLAIR SCHROEDER CHIEF PLANNING OFFICER 148061 0 55000 0 120 0 12660 0 19933 0 235774 0 0 0 RUSTY KRUZELOCK VP OF RESEARCH 192998 0 0 0 784 0 14806 0 19654 0 228242 0 0 0 SLADE SULLIVAN VP & GENERAL COUNSEL 185315 0 0 0 870 0 16074 0 25334 0 227593 0 0 0 TAMERA LONG VP OF ENROLLMENT 188545 0 0 0 2884 0 8138 0 24649 0 224216 0 0 0 ANTHONY WILLIAMS CHIEF DIVERSITY OFFICER 159074 0 7500 0 467 0 13292 0 16763 0 197096 0 0 0 JAMES ORR VP ADVANCEMENT 150710 0 2500 0 575 0 12907 0 20296 0 186988 0 0 0 JOE LEE CIO 158501 0 0 0 0 0 12923 0 9659 0 181083 0 0 0 TONY HILL SENIOR REACTOR PHYSICIST 146038 0 5000 0 550 0 12151 0 15505 0 179244 0 0 0 LORI HERRICK CFO 133938 0 10000 0 197 0 8036 0 9627 0 161798 0 0 0 SUZANNE ALLMON SENIOR ADVISOR TO THE PRES 126627 0 0 0 1994 0 10437 0 13426 0 152484 0 0 0 WENDY JONES CHIEF HR OFFICER 122227 0 0 0 217 0 10488 0 18461 0 151393 0 0 0 LINDA BONNIN SVP OF MARKETING 126791 0 0 0 752 0 6415 0 11098 0 145056 0 0 0 ROYCE MONEY CHANCELLOR 20278 0 2597 0 0 0 0 0 70 0 22945 0 0 0 PART I, LINE 1A CHARTER TRAVEL WAS PAID FOR ON BEHALF OF THE PRESIDENTS OFFICE. THE EXPENSE WAS NOT INCLUDED AS TAXABLE COMPENSATION BECAUSE THE TRAVEL WAS FOR A BONA FIDE BUSINESS PURPOSE. MINISTERIAL HOUSING ALLOWANCE IS OFFERED TO QUALIFIED FACULTY AND ADMINISTRATORS OF THE UNIVERSITY. TWO LISTED PERSONS RECEIVED THIS BENEFIT. THE HOUSING ALLOWANCE IS NOT INCLUDED AS TAXABLE COMPENSATION TO THE EMPLOYEE. COUNTRY CLUB DUES WERE PAID ON BEHALF OF ONE ATHLETIC STAFF. THE DUES WERE REPORTED AS TAXABLE COMPENSATION. PART I, LINE 3 IN A PREVIOUS FISCAL YEAR, ACU IMPLEMENTED SPLIT-DOLLAR LIFE INSURANCE POLICIES FOR ROYCE MONEY AND JACK RICH. THE POLICIES ARE TREATED AS LOANS TO THE EMPLOYEES AND REPRESENTATIONS AS REQUIRED BY REG 1.7872-15(D)(2) HAVE BEEN SIGNED. THE BALANCE OF THE NOTES AT THE END OF THE YEAR ARE: ROYCE MONEY - $706,695 JACK RICH - $777,979 A NEWARK HIGHER EDUCATION FINANCE CORPORATION 465361566 2016-09-22 102281979 SEE PART VI 0 0 0 B NEWARK HIGHER EDUCATION FINANCE CORPORATION 465361566 2017-12-28 13270211 SEE PART VI 0 0 0 C NEWARK HIGHER EDUCATION FINANCE CORPORATION 465361566 650348AR6 2022-03-16 93094965 SEE PART VI 0 0 0 A 31251980 102282979 953481 30000000 71328498 2018 1 0 1 1 B 13270211 265404 13004807 2019 0 0 1 1 C 93094965 31670615 903251 52406181 31670615 8114918 0 1 0 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 B 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 C 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 A 0 0 1 0 1 0 0 0 1 B 0 0 0 0 0 0 0 0 1 C 0 0 0 0 0 0 0 0 1 A 1 B 1 C 1 PART I, LINE A NEWARK HIGHER EDUCATION FINANCE CORPORATION - SERIES 2016A - ISSUED ON 9/22/16 - FACE AMOUNT $62,230,000. THE BOND WAS ISSUED AT A PREMIUM OF $6,781,979. $11,515,000 IS TO BE USED FOR STADIUM CONSTRUCTION, SCIENCE FACILITIES, AND CHRISTIAN VILLAGE RENOVATION. $56,703,292 WAS USED TO REFUND THE SERIES 2001, 2003, 2005, 2006, 2009, 2010, 2011, 2013, 2014, AND 2015 BONDS. NEWARK HIGHER EDUCATION FINANCE CORPORATION - SERIES 2016C - ISSUED 9/22/16 - FACE AMOUNT $33,270,000. $18,485,000 IS TO BE USED FOR STADIUM CONSTRUCTION AND SCIENCE FACILITIES. $14,625,206 WAS USED TO REFUND THE SERIES 2015 BONDS. PART I, LINE B NEWARK HIGHER EDUCATION FINANCE CORPORATION - SERIES 2017 - ISSUED 12/1/17 - FACE AMOUNT $11,570,000. THE BOND WAS ISSUED AT A PREMIUM OF $1,700,211. PROCEEDS WILL BE USED FOR INTERIOR COMPLETION OF THE SCIENCE BUILDING. PART I, LINE C NEWARK HIGHER EDUCATION FINANCE CORPORATION - SERIES 2022 - ISSUED MARCH 16, 2022 - FACE AMOUNT $88,240,000. THE BOND WAS ISSUED AT A PREMIUM OF $4,854,965. PROCEEDS WILL BE USED FOR CONSTRUCTION OF 2 NEW RESIDENCE HALLS AND REMODEL OF MOODY COLISEUM. $10,000,000 WAS USED TO REFUND THE SERIES 2016C TAXABLE BONDS. JACK RICH ACIMCO OFFICER SPLITDOLLAR LIFE INS X 717660 777979 0 1 1 ROYCE MONEY CHANCELLOR SPLITDOLLAR LIFE INS X 677032 706695 0 1 1 LINDA BONNIN SVP OF MARKETING FORGIVABLE LOAN X 125000 31250 0 1 1 1515924 49050 MERIT BASED SCHOLARSHIPS 193400 TUITION DISCOUNTS CARA LEE CRANFORD DAUGHTER OF GARY MCCALEB, FORMER VP 45328 WAGES 0 BRAD CRISP SON-IN-LAW OF ROYCE MONEY 188155 WAGES 0 MAKAYLA KERRIGAN DAUGHTER OF WENDY JONES 38748 WAGES 0 AARON ROBISON SON OF DOUG ROBISON 101873 WAGES 0 TIM DOTY SON IN LAW OF DOUG ROBISON 14842 WAGES 0 SAMUEL ONSTEAD SON OF CHARLES ONSTEAD 5859 WAGES 0 TERA HARMON DAUGHTER-IN-LAW OF BELINDA HARMON 24269 WAGES 0 X 26 146328 QUOTED PRICES X VARIOUS 6 7611 ESTIMATED VALUE 0 1 0 PART I, COLUMN (B): THE NUMBER OF CONTRIBUTIONS WERE USED INSTEAD OF THE NUMBER OF ITEMS FORM 990, PART VI, SECTION A, LINE 2 LINE 2 EXPLANATION - JACK RICH, ALAN RICH - FAMILY RELATIONSHIP STEVE MACK, JACK GRIGGS - BUSINESS RELATIONSHIP FORM 990, PART VI, SECTION B, LINE 11B FORM 990 IS PROVIDED TO THE FULL BOARD FOR REVIEW BY POSTING THE RETURN ON THE INTERNAL PASSWORD-PROTECTED BOARD WEB SITE. THE 990 IS ALSO REVIEWED IN DETAIL BY THE AUDIT AND RISK MANAGEMENT COMMITTEE OF THE BOARD OF TRUSTEES BEFORE POSTING TO BOARD WEB SITE. FORM 990, PART VI, SECTION B, LINE 12C ALL TRUSTEES AND OFFICERS COMPLETE A CONFLICT OF INTEREST QUESTIONNAIRE ANNUALLY. THE RESULTS OF THESE QUESTIONNAIRES ARE REVIEWED BY LEGAL COUNSEL AND ARE REPORTED TO THE AUDIT COMMITTEE. ALL OTHER EMPLOYEES ARE GIVEN A CONFLICT OF INTEREST QUESTIONNAIRE TO COMPLETE ANNUALLY. THESE ARE REVIEWED BY THE RESPONSIBLE DEAN OR VICE PRESIDENT TO DETERMINE IF A CONFLICT EXISTS. DEPENDING ON THE POTENTIAL CONFLICT, CONDITIONS OR RESTRICTIONS ARE ENFORCED TO REDUCE OR ELIMINATE THE CONFLICT OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15 COMPARABILITY DATA IS USED TO DETERMINE THE COMPENSATION LEVELS OF THE OFFICERS AND KEY EMPLOYEES. THE COMPENSATION OF OFFICERS AND KEY EMPLOYEES ARE DETERMINED BY THE PRESIDENT AND REVIEWED ANNUALLY BY THE COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES. COMPARABILITY DATA IS USED TO DETERMINE THE COMPENSATION LEVELS OF THE PRESIDENT. THE COMPENSATION OF THE PRESIDENT IS REVIEWED, APPROVED AND DOCUMENTED BY THE COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS, POLICIES AND FINANCIAL STATEMENTS OF ABILENE CHRISTIAN UNIVERSITY ARE POSTED ON OUR WEBSITE AND ARE AVAILABLE TO THE GENERAL PUBLIC. WE WILL ALSO PROVIDE COPIES OF THE DOCUMENTS UPON REQUEST. SCHEDULE D, PART XIV, ADDITIONAL INFORMATION TOTAL REVENUES AND EXPENSES PER ABILENE CHRISTIAN UNIVERSITY'S CONSOLIDATED AUDITED FINANCIAL STATEMENTS INCLUDE REVENUES AND EXPENSES FROM ACIMCO (26-3598377) AND GRACE L WOODWARD MEMORIAL ENDOWMENT TRUST (75-2700815). EACH OF THESE ENTITIES FILES THEIR OWN TAX RETURN, AND THEREFORE, ARE NOT INCLUDED IN REVENUES AND EXPENSES OF ABILENE CHRISTIAN UNIVERSITY'S FORM 990. ARL MULTI-FAMILY LLC 266 HUNTER WELCOME CENTER ABILENE TX 79699 REAL ESTATE VENTURE TX 0 0 ABILENE CHRISTIAN UNIVERSITY ARL RETAIL LLC 266 HUNTER WELCOME CENTER ABILENE TX 79699 REAL ESTATE VENTURE TX 530363 20746235 ABILENE CHRISTIAN UNIVERSITY ACIMCO 214 HUNTER WELCOME CT ACU BOX 29125 ABILENE TX 79699 263598377 INVESTMENT MANAGEMENT FOR ACU TX 501(C)3 11 TYPE I ABILENE CHRISTIAN UNIVERSITY 0 GRACE L WOODWARD MEMORIAL ENDOWMENT BOX 29125 ACU STATION ABILENE TX 79699 752700815 SUPPORT ACU TX 501(C)3 11 TYPE I ABILENE CHRISTIAN UNIVERSITY 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 GRACE L WOODWARD MEMORIAL ENDOWMENT C 1873446 CASH ACIMCO C 10750 CASH