2024-04-25T12:18:15-07:00 2023-06-30 990 2022-07-01 541061178 REGENT UNIVERSITY REGE 7573524050 1000 Regent University Drive Virginia Beach VA 23464 Stephen Bruce VP of Business Administration 7573524429 2024-04-25 Stephen Bruce 999009999 1 1 11 1 AAL2 X 2022 2023-04-26 12:10:37Z Stephen Bruce 1000 Regent University Drive Virginia Beach VA 23464 186130852 0 X www.regent.edu X 1977 VA Regent University serves as a center of Christian thought and action to provide excellent education through a Biblical perspective and global context equipping Christian leaders to change the world. 17 16 1822 32 16356 0 4885793 4537055 150682791 153681155 6953016 1483857 378813 492423 162900413 160194490 25098281 26654172 0 0 67478511 71154819 0 0 1844956 51977412 56150053 144554204 153959044 18346209 6235446 193536342 200757176 103685314 99575687 89851028 101181489 Regent University serves as a center of Christian thought and action to provide excellent education through a Biblical perspective and global context equipping Christian leaders to change the world. 0 0 123630007 0 146151652 Instruction - Schools of Communication & the Arts, Business & Leadership, Education, Psychology & Counseling, Divinity, Law, Government and College of Arts and Sciences and College of Health Care Sciences. Includes Academic Support, Student Services, Scholarships, Auxiliaries & Academic Affairs. 1,160 Graduate degrees, 641 Undergraduate degrees, 190 First Professional degrees and 25 Associate degrees were awarded in 2022-2023. (10,207 students) 8243985 0 12420937 Hospitality Services - Hotel and conference center providing conference services, food and beverage services, banquets and other various hospitality services. 0 0 0 131873992 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 1 0 1 1 0 0 0 1 0 0 0 0 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 0 0 0 1 1 1 1 0 0 1 15222 0 1 1822 1 1 1 0 0 0 0 0 0 0 X 17 16 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 AR MD NH NY OH OK VA WA X Regent University Business Office 7573524059 1000 Regent University Dr Virginia Beach VA 23464 M G Robertson Chancellor-CEO 14 20 X X 1194 5740 483461 Louis A Isakoff Vice President and General Counsel 40 0 X 361112 0 41601 Dorothy C Foster Exec VP Enrollment Services 40 0 X 277629 0 37829 Martha J Smith Vice President for Human Resources & Administration 40 0 X 273365 0 33717 William L Hathaway Exec VP Academic Affairs 40 0 X 272982 0 33820 Christopher J Lambert VP Advancement 40 0 X 280248 0 22843 Bradley J Lingo Dean/Professor - Law School 40 0 X 261352 0 33578 Stephen Bruce EVP Finance and Administration 40 0 X 248608 0 29408 Joseph Umidi Executive Vice President for Student Life 40 0 X 251260 0 23954 Michele M Bachmann Dean - Government 40 1 X 238690 0 21031 Doris Gomez Dean - Business 40 0 X 219463 0 31923 James J Duane Law Professor 40 0 X 216808 0 26191 Joshua McMullen Dean - School of Arts and Sciences 40 0 X 213998 0 28009 Chris Allen Mitchell Sr VP Chief of Police 40 0 X 164783 0 22863 Ann R LeBlanc Vice President on Special Assignment 0 0 X 72892 0 12569 Drew Ashby Board Member 1 0 X 0 0 0 Dianne Cash Board Member 1 0 X 0 0 0 Chauncey W Crandall Board Member - Vice Chairman 1 0 X 0 0 0 William Federer Board Member 1 0 X 0 0 0 James Gregory Board Member 1 0 X 0 0 0 Joe Johnson Board Member 1 0 X 0 0 0 Stephen Levy Board Member 1 0 X 0 0 0 Howard Long Board Member 1 0 X 0 0 0 William Maynard Board Member 1 0 X 0 0 0 David Melilli Board Member 1 0 X 0 0 0 Jay A Sekulow Board Member 1 0 X 0 0 0 Daniel C Sellers Jr Board Member 1 0 X 0 0 0 Magda Serrano Board Member 1 0 X 0 0 0 Robert O Snelling Sr Board Member 1 0 X 0 0 0 Phillip D Walker Board Member - Chairman 1 0 X 0 0 0 Jennifer Whitelaw Board Member 1 0 X 0 0 0 3354384 5740 882797 91 1 1 1 Google Inc Dept 33654 PO Box 39000 San Francisco CA 94139 Advertising Services 9643487 Meta Platforms Inc 15161 Collections Center Dr Chicago IL 60693 Advertising Services 3466692 Microsoft Online Inc PO Box 847543 Dallas TX 752847543 Advertising Services 2696505 Christian Broadcasting Network 977 Centerville Turnpike Virginia Beach VA 23464 Building/Ground Services 2296349 EAB PO Box 603519 Charlotte NC 282603519 Marketing Consultants 1300792 34 0 0 0 0 2601294 1935761 71731 4537055 Tuition and Fees 611310 135444333 135444333 0 0 Hotel Food and Beverage 722110 12420937 12420937 0 0 Sales and Services Auxiliary 611710 5182825 5182825 0 0 Sales and Services Educational 611710 18333 18333 0 0 Miscellaneous 611710 614727 614727 0 0 0 0 0 0 153681155 1677811 0 0 1677811 0 0 0 0 138739 0 0 138739 56216 0 0 0 56216 0 56216 39860 16356 0 25742408 0 25936362 0 -193954 0 -193954 0 0 -193954 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Bookstore Commission 451211 298163 298163 0 0 Change value split interest agreement 523999 -695 0 0 -695 0 0 0 0 297468 160194490 154019178 16356 1621901 30000 30000 26608992 26608992 15180 15180 0 0 2244476 608663 1322859 312954 0 0 0 0 57295672 46463120 10070642 761910 882350 683188 177201 21961 6416585 9055068 -3020143 381660 4315736 3405658 831203 78875 0 0 0 0 236198 9321 224890 1987 165440 0 165440 0 0 0 0 0 0 0 0 0 0 0 6520696 4771411 1654499 94786 22202090 22162822 37651 1617 2224671 1468387 679073 77211 5423866 1404400 4019466 0 5308 5258 50 0 6784323 7082571 -328740 30492 630820 571229 17416 42175 0 0 0 0 31394 30081 852 461 447 336 111 0 0 0 0 0 5255563 4134359 1112725 8479 816443 58785 755654 2004 Repairs Maintenance Equipment 1491256 844659 641235 5362 Hospitality 307435 286255 -1842 23022 Other Expenses 452690 442954 9736 0 Hotel Services and Support 3601413 1731295 1870118 0 153959044 131873992 20240096 1844956 51774 47365 32461572 37626433 262000 106000 9764820 8396721 0 0 0 0 0 0 118616 116076 1190603 1612282 234173866 154224894 82043443 79948972 48355029 52888400 13261353 14254413 5134132 5309514 0 0 893000 451000 193536342 200757176 13566873 12567607 0 0 10831498 10454737 78444943 74728343 0 0 0 0 0 0 0 0 842000 1825000 103685314 99575687 X 55716476 64972376 34134552 36209113 89851028 101181489 193536342 200757176 6235446 4196856 0 0 898159 0 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 61492000 334000 5674000 0 0 0 67500000 68113000 485000 -7106000 0 0 0 61492000 82987000 324000 16802000 0 0 32000000 68113000 82124000 73000 790000 0 0 0 82987000 80172000 174000 1778000 0 0 0 82124000 0.56 0.4 0.04 0 0 0 8277883 8277883 0 134285033 70600095 63684938 0 0 0 0 0 89372577 83624799 5747778 0 2238373 0 2238373 79948972 0 0 Hedge Funds 10977759 F Real Estate & Commodities 2059877 F Venture Capital 1216777 F 14254413 0 Operating lease liabilities 1825000 1825000 X 138791000 4196856 0 0 68 4196924 134594076 0 25600414 25600414 160194490 128006000 0 0 0 -352630 -352630 128358630 0 25600414 25600414 153959044 Schedule D, Part V, Line 4 Regent University's endowment consists of approximately 125 individual funds established for a variety of purposes all relating to the University's overall purpose of educating students. Schedule D, Part X, Line 2 Regent University does not believe its consolidated financial statements include any uncertain tax positions. Schedule D, Part XI, Line 2d Add $68 due to rounding. Schedule D, Part XI, Line 4b Add institutional scholarships of $25,600,414 which are included in expenses for the 990 bur as a reduction of revenue on the financial statements for Regent University. Schedule D, Part XII, Line 2d Subtract $747,000 expenses for Henrico, Inc. and add back $1,100,000 elimination for rental reimbursement for Henrico, Inc. which are both reflected on a separate tax return. Subtract $370 due to rounding. Schedule D, Part XII, Line 4b Add institutional scholarships of $25,600,414 which are included in expenses on the 990 but as a reduction of revenue on the financial statements for Regent University. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 Schedule E, Part I, Line 3 Advertisements soliciting registration of new students include a summary statement of the non-discriminatory policy of the university. In addition, all webpages for Regent University link to its non-discriminatory and Title IX policies. Internship Program East Asia and the Pacific 4 15180 wire transfer 0 FMV 0 0 0 0 0 0 1 Go To Nations PO Box 10305 Jacksonville FL 322470305 592142637 501(c)3 30000 Fair Market Value NA To support missionary who is working for The Center for Entrepreneurship for Economic Development. Regent University established and supports this Center. 1 0 Scholarships for students at Regent University. 4918 26550672 0 FMV Various cash stipends given to students from restricted funds for specific student groups. 34 57995 0 FMV Schedule I, Part I, Line 2 Regent University awards financial aid to students based on certain eligibility requirements. The University's financial aid packages are on file at the University and are available upon request. X X 1 1 X 0 1 0 0 0 0 0 0 0 M G Robertson Chancellor-CEO 1194 5740 0 0 0 0 0 0 0 483461 1194 489201 0 0 Louis A Isakoff Vice President and General Counsel 361112 0 0 0 0 0 6100 0 35501 0 402713 0 0 0 Dorothy C Foster Exec VP Enrollment Services 258579 0 150 0 0 0 5069 0 32761 0 296559 0 0 0 Martha J Smith Vice President for Human Resources & Administration 273365 0 0 0 0 0 5316 0 28400 0 307081 0 0 0 William L Hathaway Exec VP Academic Affairs 272982 0 0 0 0 0 5468 0 28353 0 306803 0 0 0 Christopher J Lambert VP Advancement 280248 0 0 0 0 0 5690 0 17153 0 303091 0 0 0 Bradley J Lingo Dean/Professor - Law School 261352 0 0 0 0 0 5267 0 28311 0 294930 0 0 0 Chris Allen Mitchell Sr VP Chief of Police 164783 0 0 0 0 0 3200 0 14675 0 182658 0 0 0 Stephen Bruce EVP Finance and Administration 248608 0 0 0 0 0 5069 0 24339 0 278016 0 0 0 Joseph Umidi Executive Vice President for Student Life 345502 0 0 0 0 0 3431 0 20523 0 369456 0 0 0 Michele M Bachmann Dean - Government 238690 0 0 0 0 0 4562 0 16469 0 259721 0 0 0 Doris Gomez Dean - Business 219463 0 0 0 0 0 4359 0 27564 0 251386 0 0 0 James J Duane Law Professor 216808 0 0 0 0 0 3490 0 22702 0 243000 0 0 0 Joshua McMullen Dean - School of Arts and Sciences 213998 0 0 0 0 0 4260 0 23748 0 242006 0 0 0 Ann R LeBlanc Vice President on Special Assignment 72892 0 0 0 0 0 1475 0 11094 0 85461 0 0 0 Schedule J, Part I, Line 1a First class or Charter Travel: To facilitate its 24 hour security coverage for Dr. Robertson, Regent University provides charter air service for his business and personal flights. The University reports taxable income for Dr. Robertson's personal flights on his form 1099. It uses the Standard Industry Fair Level (SIFL) method as allowed under IRS rules for valuing personal flights. Travel for Companions : Regent University does not provide companion air travel for non-business purposes. Housing allowance: Regent University provides a ministerial housing allowance for qualified faculty and staff. This is reviewed and approved by the board. Schedule J, Part I, Line 3 Regent University regularly reviews the compensation of its officers and vice presidents to determine whether compensation is reasonable compared to similar positions of responsibility at other institutions. The Compensation Committee of the Board of Trustees (in the absence of the Compensation Committee, the Audit Committee will assume this role) will periodically conduct an independent review of compensation which include the President along with officers and vice presidents. The process includes securing comparable compensation data from an independent source, reviewing the data to ensure that the compensation is reasonable and contemporaneous substantiation of the deliberation and decision-making process takes place. Furthermore, when Regent University hires a new office or vice president, it will ensure that all compensation is reasonable compared to similar positions of responsibility at other institutions. Schedule J, Part I, Line 4 Psychology faculty member, previous Provost of the university, has been receiving retirement payments according to a previously agreed upon contract. Upon his death, his wife will continue receiving these payments according to a previously agreed upon contract. A Virginia College Building Activity 541249154 92778FKQ5 2021-05-05 81962688 Refunding of existing bonds (2006) 0 0 0 A 0 0 79650000 4651270 0 0 1116161 0 0 0 0 0 2046 1 0 1 1 A 0 0 1 1 0 0.01 0 0.01 0 0 1 A 1 0 0 1 Wells Fargo 15 1 0 1 Viva Hathaway Family of EVP for Academic Affairs 3000 Employee Compensation 0 X 2 71731 Value at date of gift 0 0 1 0 Form 990, Part VI, Section A, Line 2 Jay Sekulow, board member, works for an organization founded by MG Pat Robertson, Chancellor and CEO of Regent University. Form 990, Part VI, Section B, Line 11b The 990 is reviewed by the Audit Committee and sent as a PDF file to all board members for their review before it is filed with the IRS. Form 990, Part VI, Section B, Line 12c The conflict of interest policy is regularly reviewed and consulted. The University required its officers, directors, trustees and key employees to complete a conflict of interest questionnaire and statement on a regular basis. If any conflicts are noted, the officer, director or trustee will excuse themselves from voting during board meetings. Form 990, Part VI, Section B, Line 15 Regent University regularly reviews the compensation of its officers and vice presidents to determine whether the compensation is reasonable compared to similar positions of responsibility at other institutions. The Compensation Committee of the Board of Trustees (in absence of the Compensation Committee, the Audit Committee will assume the role) will periodically conduct an independent review of compensation which includes the President, along with all officers and vice presidents. This process includes securing comparable compensation data from an independent source, reviewing the data to ensure that the compensation is reasonable and contemporaneous substantiation of the deliberation and decision making process. Furthermore, when Regent University hires a new officer or vice president, it will ensure that all compensation is reasonable compared to similar positions of responsibility at similar institutions. Form 990, Part VI, Section C, Line 19 All governing documents, the conflict of interest policy, audited financial statements and the 990 tax return for the University are all available upon request. Founders Conference Center LLC 1000 Regent University Dr Virginia Beach VA 23464 541992893 Hospitality Services VA 12421000 8841000 Regent University Regent University Foundation 1000 Regent University Dr Virginia Beach VA 23464 204273074 Support Regent University VA 501(c)3 5 Regent University 1 Henrico Inc 1000 Regent University Dr Virginia Beach VA 23464 541998119 Title Holding Co VA 501(c)2 Regent University 1 The Christian Broadcasting Network Inc 977 Centerville Turnpike Virginia Beach VA 23464 540678752 Broadcasting VA 501(c)(3) N/A 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 1 0 0 0 Henrico Inc j 1100000 FMV Henrico Inc p 1100000 FMV Extension until May 15, 2024 is approved.