2025-04-16T10:02:50-07:00 2024-06-30 990 2023-07-01 541061178 REGENT UNIVERSITY REGE 7573524050 1000 Regent University Drive Virginia Beach VA 23464 Stephen Bruce VP of Business Administration 7573524429 2025-04-16 1 2023 2025-03-06 01:10:19Z Stephen Bruce 1000 Regent University Drive Virginia Beach VA 23464 212614825 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 1892 0 4750 0 4537055 4075477 153681155 159496644 1483857 3820519 492423 830995 160194490 168223635 26654172 27107759 0 0 71154819 78267187 0 0 2148121 56150053 55493054 153959044 160868000 6235446 7355635 200757176 211431763 99575687 96168813 101181489 115262950 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 125848442 0 151382104 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) 8932640 0 12964549 Hospitality Services - Hotel and conference center providing conference services, food and beverage services, banquets and other various hospitality services. 0 0 0 134781082 1 1 0 0 0 0 0 0 0 1 1 1 0 0 0 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 15347 0 1 1892 1 1 1 0 0 0 0 0 0 0 X 17 16 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 VA X Regent University Business Office 7573524059 1000 Regent University Dr Virginia Beach VA 23464 M G Robertson Chancellor-CEO 20 20 X 500000 18513 305286 Gordon P Robertson Chancellor/Chief Executive Officer 12 34 X 58633 586559 26832 Louis A Isakoff Sr Vice President and General Counsel 40 0 X 392077 0 43103 Bradley J Lingo Dean/Professor - Law School 40 0 X 295528 0 36692 Martha J Smith Vice President for Human Resources & Administration 40 0 X 287871 0 34748 Dorothy C Foster Exec VP Advancement/Enrollment Services 40 0 X 279910 0 34337 William L Hathaway Exec VP Academic Affairs 40 0 X 275871 0 34603 Stephen Bruce EVP Finance and Administration 40 0 X 255495 0 30456 Simon Tarr Dean of Honors College/School of Communication 40 0 X 237970 0 44561 Joseph Umidi Executive Vice President for Student Life 40 0 X 255179 0 23471 Christopher J Lambert VP Advancement 0 0 X 251165 0 21408 Michele M Bachmann Dean - Government 40 0 X 240478 0 22106 Doris Gomez Dean - Business 40 0 X 218488 0 32414 Joshua McMullen Dean - School of Arts and Sciences 40 0 X 221052 0 28743 Chris Allen Mitchell Sr VP Chief of Police 40 0 X 199259 0 20157 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 2 X 0 0 0 Jennifer Whitelaw Board Member 1 2 X 0 0 0 3968976 605072 738917 96 1 1 0 Google Inc Dept 33654 PO Box 39000 San Francisco CA 94139 Advertising Services 10274421 Microsoft Online Inc PO Box 847543 Dallas TX 752847543 Advertising Services 3141008 Christian Broadcasting Network 977 Centerville Turnpike Virginia Beach VA 23464 Building Services 2132665 Meta Platforms Inc 15161 Collections Center Dr Chicago IL 60693 Advertising Services 1852418 Education Dynamics LLC 15200 Santa Fe Trail Dr Suite 200 Lenexa KS 66219 Advertising Sevices 1468438 0 0 0 0 797450 3278027 329984 4075477 Tuition and fees 611310 140306922 140306922 0 0 Hotel Food and Beverage 722000 12964549 12964549 0 0 Sales and Services Auxiliary 611710 5673734 5673734 0 0 Sales and Services Educational 611710 23484 23484 0 0 Miscellaneous 611710 527955 527955 0 0 0 0 0 0 159496644 3339337 0 0 3339337 8492 0 0 8492 56984 0 0 56984 404410 0 0 0 404410 0 404410 399660 4750 0 44863880 0 44391190 0 472690 0 472690 0 0 472690 0 Bookstore Commission 459420 370122 370122 0 0 Change value split interest agreement 523999 -521 0 0 -521 0 0 0 0 369601 168223635 160266426 4750 3876982 30000 30000 27062109 27062109 15650 15650 0 0 2606774 621280 1873904 111590 0 0 0 0 61190823 49226755 10977287 986781 927140 753141 155267 18732 8859842 9730036 -1255034 384840 4682608 3650486 950427 81695 0 0 0 0 196123 40020 150095 6008 287500 0 287500 0 0 0 0 0 0 0 0 0 0 0 4702838 3299280 1241840 161718 21702798 21145240 521892 35666 2917863 1997592 763096 157175 5636621 1297444 4231251 107926 7291 7291 0 0 6744409 7144720 -433579 33268 974346 906891 39762 27693 0 0 0 0 60940 54673 5439 828 891 655 236 0 0 0 0 0 5077202 3983297 1087736 6169 956133 74512 879617 2004 Repairs Maintenance Equipment 2045653 1149144 890512 5997 Hospitality 437493 401105 16357 20031 Other expenses 210007 199665 10342 0 Hotel Services and support 3534946 1990096 1544850 0 160868000 134781082 23938797 2148121 47365 45033 37626433 41711559 106000 30036 8396721 8472540 0 0 0 0 0 0 116076 143390 1612282 1558415 237663920 159302093 79948972 78361827 52888400 60189752 14254413 15805098 5309514 5114113 0 0 451000 0 200757176 211431763 12567607 12347878 0 0 10454737 10088382 74728343 73732553 0 0 0 0 0 0 0 0 1825000 0 99575687 96168813 X 64972376 74939485 36209113 40323465 101181489 115262950 200757176 211431763 7355635 5859688 0 0 866138 0 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 67500000 370000 9667000 0 0 0 77537000 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 0.56 0.4 0.04 0 0 0 8277883 8277883 0 136077693 73754152 62323541 0 0 0 0 0 91885308 85547941 6337367 0 1423036 0 1423036 78361827 0 0 Hedge Funds 9372161 F Venture Capital 4163368 F Real estate & commodities 2269569 F 15805098 0 0 X 148209270 5859688 0 0 -7022 5852666 142356604 0 25867031 25867031 168223635 134637000 0 0 0 -364000 -364000 135001000 0 25867000 25867000 160868000 Schedule D, Part V, Line 4 Regent University's endowment consists of approximately 130 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 Dedcut $7,022 in other revenue. Schedule D, Part XI, Line 4b Add institutional scholarships of $25,867,031 which are included in expenses for the 990 but as a reduction of revenue on the financial statements for Regent University. Schedule D, Part XII, Line 2d Subtract $736,000 expenses for Henrico, Inn. and add back $1,100,000 for rental reimbursement for Henrico, Inc. which are both reflected on a separate tax return for Henrico, Inc. and must be eliminated for the Regent University 990 tax return. Schedule D, Part XII, Line 4b Add institutional scholarships of $25,867,000 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 15650 wire transfer 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 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. 4667 26989333 FMV Various cash stipends given to students from restricted funds for specific student groups. 35 72776 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 0 18513 500000 0 0 0 0 0 17182 288104 517182 306617 0 0 Louis A Isakoff Sr Vice President and General Counsel 392077 0 0 0 0 0 6600 0 36503 0 435180 0 0 0 Dorothy C Foster Exec VP Advancement/Enrollment Services 279910 0 0 0 0 0 5202 0 29135 0 314247 0 0 0 Martha J Smith Vice President for Human Resources & Administration 280371 0 0 0 7500 0 5456 0 29292 0 322619 0 0 0 William L Hathaway Exec VP Academic Affairs 275036 0 0 0 0 0 5590 0 29013 0 309639 0 0 0 Gordon P Robertson Chancellor/Chief Executive Officer 58633 574587 0 5114 0 6858 0 0 4485 22347 63118 608906 0 0 Stephen Bruce EVP Finance and Administration 255495 0 0 0 0 0 5202 0 25254 0 285951 0 0 0 Joseph Umidi Executive Vice President for Student Life 255179 0 0 0 0 0 3476 0 19995 0 278650 0 0 0 Christopher J Lambert VP Advancement 251165 0 0 0 0 0 4979 0 16430 0 272574 0 0 0 Bradley J Lingo Dean/Professor - Law School 295528 0 0 0 0 0 6075 0 30617 0 332220 0 0 0 Michele M Bachmann Dean - Government 240478 0 0 0 0 0 4682 0 17424 0 262584 0 0 0 Simon Tarr Dean of Honors College/School of Communication 237970 0 0 0 0 0 4658 0 39904 0 282532 0 0 0 Doris Gomez Dean - Business 218488 0 0 0 0 0 4473 0 27940 0 250901 0 0 0 Joshua McMullen Dean - School of Arts and Sciences 221052 0 0 0 0 0 4522 0 24221 0 249795 0 0 0 Chris Allen Mitchell Sr VP Chief of Police 199259 0 0 0 0 0 3917 0 16241 0 219417 0 0 0 Schedule J, Part I, Line 1a 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 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 4620730 0 0 1029655 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 Christina Abbott Family of EVP for Academic Affairs 36833 Employee compensation 0 Viva Hathaway Family of EVP of Academic Affairs 6000 Employee compensation 0 X 5 329984 Value at date of gift 0 0 1 0 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 requires 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 13224000 10345000 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 approved