2024-05-14T15:57:50-05:00 2023-06-30 721396621 CARR RIGGS & INGRAM LLC 4004 SUMMIT BLVD NE SUITE 800 ATLANTA GA 30319 990 2022-07-01 580603153 REINHARDT UNIVERSITY REIN 7707205600 7300 REINHARDT CIRCLE WALESKA GA 301835602 STEPHANIE OWENS CFO 7707205600 2024-05-14 1 STEPHANIE OWENS 999009999 0 TIFFANY T ORR CPA P01559485 7703948000 2024-05-14 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z MARK ROBERTS 7300 REINHARDT CIRCLE WALESKA GA 301835602 50368647 0 X WWW.REINHARDT.EDU X 1883 GA THE PURPOSE OF REINHARDT UNIVERSITY IS TO PROVIDE FOR ITS STUDENTS BACCALAUREATE AND GRADUATE EDUCATION AT A UNITED METHODIST AFFILIATED, COEDUCATIONAL UNIVERSITY THAT IS CHALLENGING, CARING, AND COMMITTED TO THE INDIVIDUAL. 26 26 554 45 6028 0 7701844 6608417 34523759 34444411 5122914 2560418 146567 1286 47495084 43614532 13974263 12800543 0 0 12999077 13852804 0 0 532690 16656922 20173348 43630262 46826695 3864822 -3212163 114129516 111116607 41127837 41010758 73001679 70105849 X THE PURPOSE OF REINHARDT UNIVERSITY IS TO PROVIDE FOR ITS STUDENTS BACCALAUREATE AND GRADUATE EDUCATION AT A UNITED METHODIST AFFILIATED, COEDUCATIONAL UNIVERSITY THAT IS CHALLENGING, CARING, AND COMMITTED TO THE INDIVIDUAL. 0 0 11234183 26965994 INSTUCTION- INSTRUCTION AND ACADEMIC PROGRAMS LEADING TO BACHELOR'S AND MASTER'S LEVEL DEGREES FOR REINHARDT STUDENTS. (1,136 STUDENTS) 8116550 7423239 AUXILIARY ENTERPRISES- RESIDENCE HALLS, FOOD SERVICES, AND OTHER SUPPORT FOR THE INSTRUCTIONAL PROGRAM OF THE UNIVERSITY. (1,136 STUDENTS) 7779179 55178 STUDENT SERVICES- STUDENT DEVELOPMENT, COUNSELING, ATHLETICS, ADMISSIONS, FINANCIAL AID ADMINISTRATION, RECORDS, AND OTHER SUPPORT FOR THE INSTRUCTIONAL PROGRAM OF THE UNIVERSITY. (1,136 STUDENTS) 12800543 12800543 FINANCIAL AID - SCHOLARSHIPS AND OTHER FINANCIAL ASSISTANCE FOR THE STUDENTS ATTENDING UNIVERSITY. (1,136 STUDENTS) 12800543 12800543 39930455 1 1 0 0 0 0 0 1 0 1 1 0 0 0 0 1 1 0 1 0 1 0 1 0 1 0 0 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 96 0 554 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 26 26 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 GA X STEPHANIE OWENS 7707205600 7300 REINHARDT CIRCLE WALESKA GA 301835602 SHARON J BARTELS TRUSTEE 1.00 X 0 0 0 JOHN H BENNETT JR TRUSTEE 1.00 X 0 0 0 WARREN R CALVERT TRUSTEE 1.00 X 0 0 0 TOM W CARTER TRUSTEE 1.00 X 0 0 0 LEWIS A CLINE TRUSTEE 1.00 X 0 0 0 RAYMON H COX TRUSTEE 1.00 X 0 0 0 RICHARD L DIXON TRUSTEE 1.00 X 0 0 0 JEFFREY R DOBSON TRUSTEE 1.00 X 0 0 0 L AUSTIN FLINT TRUSTEE 1.00 X 0 0 0 RUSSELL A FLINT TRUSTEE 1.00 X 0 0 0 JAMES K HASSON JR TRUSTEE 1.00 X 0 0 0 BILLY HAYES TRUSTEE 1.00 X 0 0 0 ALICIA M IVEY TRUSTEE 1.00 X 0 0 0 PHILLIP M LANDRUM III TRUSTEE 1.00 X 0 0 0 BEN L LOOPER TRUSTEE 1.00 X 0 0 0 REV DR JAMES B MOONEYHAN TRUSTEE 1.00 X 0 0 0 PATIENCE E PETERSON TRUSTEE 1.00 X 0 0 0 THE HON JOHN A PIPKIN III TRUSTEE 1.00 X 0 0 0 BRUCE A THOMPSON TRUSTEE 1.00 X 0 0 0 RANDELL E TRAMMELL TRUSTEE 1.00 X 0 0 0 HUIE L TURNER JR TRUSTEE 1.00 X 0 0 0 LAMAR WAKEFIELD TRUSTEE 1.00 X 0 0 0 JAMES A WASHBURN TRUSTEE 1.00 X 0 0 0 FRED J WEIR III TRUSTEE 1.00 X 0 0 0 C KEN WHITE TRUSTEE 1.00 X 0 0 0 KEVIN WILLIAMS TRUSTEE 1.00 X 0 0 0 ROBERT E BYRD TRUSTEE 1.00 X 0 0 0 CHARLES COBB TRUSTEE 1.00 X 0 0 0 G DENNIS HARRIS JR TRUSTEE 1.00 X 0 0 0 THE HON JOE FRANK HARRIS TRUSTEE 1.00 X 0 0 0 WILLIAM G HASTY JR TRUSTEE 1.00 X 0 0 0 LYNN H JOHNSTON TRUSTEE 1.00 X 0 0 0 DEBORAH A MARLOWE TRUSTEE 1.00 X 0 0 0 HUGH PETERSON JR TRUSTEE 1.00 X 0 0 0 MARION T POPE JR TRUSTEE 1.00 X 0 0 0 NANCY G SIMMS TRUSTEE 1.00 X 0 0 0 DR MARK A ROBERTS PRESIDENT 50.00 X 240547 0 20014 STEPHANIE OWENS CFO 50.00 X 143039 0 1307 DR JOHN MILES VPAA 50.00 X 139363 0 19719 WALTER MAY VP OF STUDENT AFFAIRS 50.00 X 78479 0 8077 KATHY JOHNSON BOWLES VP OF ADVANCEMENT 50.00 X 29059 0 1371 DANA LEANNE WILHITE DEAN OF THE CAUBLE SCHOOL 50.00 X 120506 0 8305 750993 0 58793 4 0 1 0 METZ CULINARY MANAGEMENT 2 WOODLAND DRIVE DALLAS GA 18612 FOOD SERVICES 2112609 NATIONAL MANAGEMENT PO BOX 1224 LAGRANGE GA 30241 FACILITIES MANAGEMENT 1111243 ABOVE GRADE 1700 GARLAND MOUNTAIN TRAIL WALESKA GA 30183 EDUCATION SERVICES 712709 ENCOURA LLC 75 REMITTANCE DR DEPT 1020 CHICAGO IL 60675 CONSULTING 610214 EAGLE CHRISTIAN TOURS LLC PO BOX 512 ROME GA 30162 BUS CHARTERS 322813 5 28975 2985727 3593715 25890 6608417 TUITION AND FEES 611710 26965994 26965994 AUXILIARY SERVICES 611710 7423239 7423239 STUDENT ACTIVITIES 611710 55178 55178 34444411 2318373 2318373 6931307 6689262 242045 242045 242045 60111 28975 64853 -4742 -4742 INCOME (LOSS) FROM PAR 523000 6028 6028 6028 43614532 34444411 6028 2555676 11289688 11289688 1510855 1510855 626487 539966 71149 15372 10253876 8837759 1164516 251601 2123587 1830308 241172 52107 848854 731623 96403 20828 31247 31247 113037 113037 253465 253465 3191173 1857093 1251465 82615 164100 103425 48453 12222 343558 166569 176989 1172014 1078641 89314 4059 776154 761783 14047 324 1292758 1292758 3260047 3000324 246737 12986 796604 497935 295535 3134 REPAIRS AND MAINTENANCE 2178960 1362008 808379 8573 STUDENT AND GUEST MEALS 2162322 2162322 PROGRAM EXPENSE 1119965 1119965 ATHLETIC EXPENSE 1071375 1071375 2246569 1836023 341677 68869 46826695 39930455 6363550 532690 2032879 2145890 1062166 8799 1999505 2176736 1508905 312809 12900 54516 1433868 1198171 112885701 58397978 56391741 54487723 41457045 42628723 4630243 4348817 3600264 3754423 114129516 111116607 2352287 2599141 811379 943866 37964171 37467751 41127837 41010758 X 36710979 34706197 36290700 35399652 73001679 70105849 114129516 111116607 X -3212163 1171570 -960641 105404 X 0 1 X 1 1 1 X 3593350 4245372 10926801 7701844 6608417 33075784 3593350 4245372 10926801 7701844 6608417 33075784 1315230 31760554 1616311 1500860 1960148 2860475 2318169 10255963 43331747 183956588 0.73300 0.70870 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X 0 42400131 217115 3472133 2798857 43290522 46691079 593134 -3058099 1825983 42400131 35910539 1378483 11185758 1783701 46691079 37653124 467767 -394923 1815429 35910539 40575481 308222 1548616 2279195 2500000 37653124 0.29230 0.59900 0.10870 0 0 1130102 1130102 97744779 46512125 51232654 1601243 1068548 532695 11791345 10817305 974040 618232 618232 54487723 X 31902351 1171570 170257 1341827 30560524 253465 12800543 13054008 43614532 33837540 64853 64853 33772687 253465 12800543 13054008 46826695 PART III, LINE 4: THE MISSION OF THE FUNK HERITAGE CENTER IS TO TELL THE STORY OF THE EARLY APPALACHIAN SETTLERS AND SOUTHEASTERN INDIANS THROUGH EDUCATIONAL PROGRAMMING AND THE COLLECTION, CARE AND EXIBITION OF ART AND ARTIFACTS. PART V, LINE 4: THE UNIVERSITY'S ENDOWMENT CONSISTS OF APPROXIMATELY 135 DONOR-RESTRICTED ENDOWMENT FUNDS ESTABLISHED FOR VARIOUS PURPOSES INCLUDING SCHOLARSHIPS AND FINANCIAL AID, FACULTY AND ACADEMIC PROGRAMS DEVELOPMENT, MAINTENANCE AND GENERAL SUPORT. THE ENDOWMENT ALSO INCLUDES BOARD DESIGNATED ENDOWMENT FUNDS FOR VARIOUS PURPOSES SUCH AS LONG-TERM INVESTMENT, SPECIAL PROJECTS AND GROWTH OF THE QUASI-ENDOWMENT. PART X, LINE 2: UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, REINHARDT UNIVERSITY IS EXEMPT FROM TAXES ON INCOME OTHER THAN UNRELATED BUSINESS INCOME. COLLECTIVELY, THE UNIVERSITY DOES NOT HAVE ANY UNRELATED BUSINESS INCOME. THE UNIVERSITY UTILIZES THE ACCOUNTING REQUIREMENTS ASSOCIATED WITH UNCERTAINTY IN INCOME TAXES USING THE PROVISIONS OF FINANCIAL ACCOUNTING STANDARDS BOARD (FASB) ASC 740, INCOME TAXES. USING THAT GUIDANCE, TAX POSITIONS INITIALLY NEED TO BE RECOGNIZED IN THE FINANCIAL STATEMENTS WHEN IT IS MORE-LIKELY-THAN-NOT THE POSITIONS WILL BE SUSTAINED UPON EXAMINATION BY THE TAX AUTHORITIES. IT ALSO PROVIDES GUIDANCE FOR DERECOGNITION, CLASSIFICATION, INTEREST AND PENALTIES, ACCOUNTING IN INTERIM PERIODS, DISCLOSURE AND TRANSITION. AS OF JUNE 30, 2023 AND 2022, THE UNIVERSITY HAS NO UNCERTAIN TAX PROVISIONS THAT QUALIFY FOR RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN VALUE OF SPLIT INTEREST AGREEMENT 105,404. SPECIAL EVENT DIRECT EXPENSES 64,853. PART XI, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS AND FINANCIAL ASSISTANCE 12,800,543. PART XII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENT DIRECT EXPENSES 64,853. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS AND FINANCIAL ASSISTANCE 12,800,543. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 SEE PART II LINE 3- EXPLANATION OF NONDISCRIMINATION POLICY: REINHARDT UNIVERSITY PUBLISHES A STATEMENT IN THE UNIVERSITY CATALOG STATING THE UNIVERSITY IS IN COMPLIANCE WITH TITLE VI OF THE CIVIL RIGHTS ACT OF 1964 AND DOES NOT DISCRIMINATE ON THE BASIS OF RACE, COLOR, OR NATIONAL ORIGIN. THE UNIVERSITY IS ALSO IN COMPLIANCE WITH TITLE IX OF THE EDUCATIONAL AMENDMENTS OF 1972 AND DOES NOT DISCRIMINATE ON THE BASIS OF GENDER. LINE 6- EXPLANATION OF GOVERNMENT FINANCIAL AID: REINHARDT UNIVERSITY RECEIVES TITLE IV FINANCIAL ASSISTANCE. THE UNIVERSITY COMPLIES WITH ALL NECESSARY REGULATIONS AND DISCLOSURE REQUIREMENTS ASSOCIATED WITH THESE TYPES OF GOVERNMENTAL ASSISTANCE. 0 SUB-SAHARAN AFRICA - ANGOLA, BENIN, BOTSWANA, BURKINA FASO, 0 0 GRANTS 92787 SOUTH ASIA - AFGHANISTAN, BANGLADESH, BHUTAN, INDIA, MALDIVES, NEPAL, 0 0 GRANTS 25500 SOUTH AMERICA - ARGENTINA, BOLIVIA, BRAZIL, CHILE, COLUMBIA, ECUADOR, 0 0 GRANTS 380412 RUSSIA AND NEIGHBORING STATES - ARMENIA, AZERBIJAN, BELARUS, 0 0 GRANTS 57006 NORTH AMERICA - CANADA AND MEXICO, BUT NOT THE UNITED STATES 0 0 GRANTS 164020 EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM 0 0 GRANTS 606100 EAST ASIA AND THE PACIFIC - AUSTRALIA, BRUNEI, BURMA, CAMBODIA, 0 0 GRANTS 48000 CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, 0 0 GRANTS 137030 0 0 0 0 0 0 1510855 0 1510855 SCHOLARSHIP SUB-SAHARAN AFRICA 3 92787 CREDIT TO STUDENT ACCOUNT FMV SCHOLARSHIP SOUTH ASIA 1 25500 CREDIT TO STUDENT ACCOUNT FMV SCHOLARSHIP SOUTH AMERICA 14 380412 CREDIT TO STUDENT ACCOUNT FMV SCHOLARSHIP RUSSIA AND NEIGHBORING STATES 2 57006 CREDIT TO STUDENT ACCOUNT FMV SCHOLARSHIP NORTH AMERICA 6 164020 CREDIT TO STUDENT ACCOUNT FMV SCHOLARSHIP EUROPE (INCLUDING ICELAND & GREENLAND) 22 606100 CREDIT TO STUDENT ACCOUNT FMV SCHOLARSHIP EAST ASIA AND THE PACIFIC 2 48000 CREDIT TO STUDENT ACCOUNT FMV SCHOLARSHIP CENTRAL AMERICA AND THE CARIBBEAN 5 137030 CREDIT TO STUDENT ACCOUNT FMV 0 0 0 0 0 0 PART III ACCOUNTING METHOD: PART I, LINE 2 THE GRANTS REPORTED IN PART III ARE SCHOLARSHIPS TO STUDENTS. THE USE OF SCHOLARSHIPS IS CONTROLLED BY APPLYING SUCH AMOUNTS DIRECTLY AGAINST BALANCES OWED BY THE STUDENT FOR TUITION, FEES AND OTHER QUALIFYING EDUCATIONAL EXPENSES. EXPENSES RELATED TO FOREIGN PROGRAM SERVICES ARE BASED ON ACTUAL RECEIPTS. PART III, COL (C) THE ESTIMATED NUMBER OF RECIPIENTS IS BASED ON FOREIGN NATIONALS WHO MAINTAIN RESIDENCE IN THEIR HOME COUNTRY WHILE ATTENDING REINHARDT UNIVERSITY ON A VISA. MINISTERIAL GOLF 45385 5900 39485 2597 CHEROKEE SCHOLARS 23075 23075 1283 2 20626 20626 60973 89086 28975 60111 64853 64853 -4742 1 SCHOLARSHIPS AND FINANCIAL ASSISTANCE 1110 11289688 THE TUITION DISCOUNT IS A REDUCTION IN TUITION COSTS TO THE STUDENT PART I, LINE 2 THE UNIVERSITY'S FINANCIAL AID DEPARTMENT MONITORS AND MAINTAINS RECORDS REGARDING ALL FINANCIAL AID AWARDS. X X 1 1 X X X 0 0 0 0 0 0 0 0 0 DR MARK A ROBERTS PRESIDENT 240547 0 0 0 0 0 0 0 20014 0 260561 0 0 0 DR JOHN MILES VPAA 139363 0 0 0 0 0 0 0 19719 0 159082 0 0 0 PART I, LINE 1A HOUSING ALLOWANCE OR RESIDENCE FOR PERSONAL USE: AS A CONVINIENCE OF THE UNIVERSITY, THE PRESIDENT RESIDES IN CAMPUS HOUSING. THEREFORE, NONE OF THE BENEFIT WAS TREATED AS TAXABLE COMPENSATION. PERSONAL SERVICES: CLEANING SERVICES ARE PROVIDED FOR THE PRESIDENT ON AN IRREGULAR BASIS AND THE VALUE IS CONSIDERED NOMINAL. NONE OF THE BENEFIT WAS TREATED AS TAXABLE COMPENSATION. X 1 25890 FAIR MARKET VALUE 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B IT IS THE POLICY OF THE BOARD OF TRUSTEES OF REINHARDT UNIVERSITY THAT THE FINANCE COMMITTEE WILL COMPLETE AND/OR REVIEW IRS FORM 990, PRIOR TO FILING IT WITH THE IRS. ONCE THE FINANCE COMMITTEE HAS REVIEWED IRS FORM 990, A COPY SHALL BE MADE AVAILABLE TO ALL BOARD MEMBERS PRIOR TO THE FILING. BOARD MEMBERS SHALL EXERCISE THEIR BEST EFFORTS TO REVIEW FORM 990 BEFORE IT IS FILED. BOARD MEMBERS WHO HAVE COMMENTS OR REVISIONS TO FORM 990 SHALL SUBMIT THESE COMMENTS OR REVISIONS IN WRITING TO THE FINANCE COMMITTEE CHAIR OR TO THE COLLEGE CHIEF FINANCIAL OFFICER. FORM 990, PART VI, SECTION B, LINE 12C OFFICERS, TRUSTEES, AND KEY EMPLOYEES ARE REQUIRED TO ANNUALLY DISCLOSE ALL POTENTIAL CONFLICTS OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15 IT IS THE POLICY OF THE BOARD OF TRUSTEES OF REINHARDT UNIVERSITY THAT THE EXECUTIVE COMMITTEE OR ITS DESIGNEE WILL SERVE AS THE REVIEW POINT FOR EXECUTIVE COMPENSATION AS ENVISIONED UNDER THE INTERMEDIATE SANCTIONS PROVISIONS OF THE INTERNAL REVENUE CODE. THE EXECUTIVE COMMITTEE OR ITS DESIGNEE WILL ON AN ANNUAL BASIS REVIEW THE COMPENSATION AND BENEFITS PACKAGES FOR THE PRESIDENT OF THE UNIVERSITY AS WELL AS THE VICE PRESIDENTS TO ENSURE THAT COMPENSATION IS REASONABLE AND APPROPRIATE, AND THAT THERE IS NO EXCESS BENEFIT TO SENIOR EMPLOYEES OF THE UNIVERSITY. THE EXECUTIVE COMMITTEE MAY USE COMPARISONS TO OTHER LIKE INSTITUTIONS OR SUCH OTHER MEASURES AS IT DEEMS APPROPRIATE IN ITS WORK. THE EXECUTIVE COMMITTEE OR ITS DESIGNEE WILL REPORT THE RESULTS OF ITS WORK TO THE CHAIR OF THE BOARD OF TRUSTEES FOR USE IN ESTABLISHING ANY COMPENSATION OR ADDITIONAL BENEFITS FOR THOSE SENIOR EMPLOYEES UNDER ITS REVIEW. FORM 990, PART VI, SECTION C, LINE 19 AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF SPLIT INTEREST AGREEMENT 105,404.