2023-03-22T15:57:23-05:00 2022-06-30 363990892 Capin Crouse LLP 1255 Lakes Parkway Suite 105 Lawrenceville GA 30043 990 2021-07-01 620497990 Trevecca Nazarene University TREV 6152481200 333 Murfreesboro Rd Nashville TN 37210 Mariano Monzu CFO, EVP - Finance & Admin. 6152481200 2023-03-22 1 Mariano Monzu 999009999 Daren Daiga P01074795 5055022746 3 AAL1 IAL1 2021 2023-04-26 12:10:37Z Dr Dan Boone 333 Murfreesboro Rd Nashville TN 37210 111681103 0 X www.trevecca.edu X 1935 TN Trevecca Nazarene University is a private, co-educational, Christian liberal arts university. 51 50 1045 50 166264 147012 16933675 22036960 69309330 70275996 -1416360 3718534 -404025 148765 84422620 96180255 19649434 23158612 0 0 30619188 32764226 0 0 1398615 25686194 32260467 75954816 88183305 8467804 7996950 167581395 238062092 59046580 125742447 108534815 112319645 X Trevecca Nazarene University is a private, coeducational, Christian liberal arts university. The university exists to carry out the educational mission of the church by means of academic programs that promote scholarship, critical reflection, (continued on Schedule O) thoughtful worship, and the preparation of students for lives of meaningful service in various careers. 0 0 44196906 20149605 61558561 Instruction and Student Aid: Trevecca Nazarene University is a comprehensive, fully accredited, Christian university offering undergraduate, master's and doctoral degrees. The University offers 19 associate degrees, 73 baccalaureate degrees, 23 master's programs, and 3 doctoral programs as well as specialist and certificate programs in a number of fields including business, science, health care, education, counseling, religion, music, leadership, library and information sciences. (continued on Schedule O)Instruction and Student Aid, continued: In 2021, 3,717 traditional undergraduate, non-traditional, and graduate students enrolled at Trevecca Nazarene University for the fall semester.Trevecca awards institutional, state, and federal financial aid assisting students in developing a plan for meeting their educational expenses. The Office of Financial Aid provides guidance and resources to help students and their families bridge the gap between a student's potential resources and the University's costs. The percentage of traditional undergraduate students receiving financial aid from any source was more than 90%. 17598468 3009007 8570482 Student Services:The Center for Student Development provides students with programs to accompany their college career at all stages. From Freshmen LINK groups to career development counseling and internship programs, Career Services has everything students need to succeed. Career Services also offers job-search related strategy workshops, career exploration events, resume and interviewing education, mock interviews, business and etiquette dinners, assistance with graduate school admissions, career fairs, job postings and job referrals. (continued on Schedule O)Student Services, continued: The University continues to place strong emphasis on graduate and continuing studies and the University's online degree programs. Graduate and adult students enrolled in online programs now comprise nearly 47 percent of the University's total enrollment. Trevecca has undergone some restructuring to better organize educational services for students in graduate, degree completion and professional development programs. The former School of Graduate and Continuing Studies (SGCS) was divided into two new schools. The new School of Leadership and Interdisciplinary Studies (SOLIS) serves as the administrative body for Trevecca's graduate degree programs in leadership; leadership-related content for undergraduate courses; the master's degree in instructional design and technology; and professional development programs. The new Graduate School incorporates the University's online learning functions with academic oversight from each school of study on campus, creating opportunities to optimize the delivery of advanced degree courses. 9490420 146953 Other student services areas:Counseling CenterITS (Information Technology Services)Registrar SecurityTNU BookstoreLibrary 4092562 Academic Support:Trevecca provides support to the academic functions across campus through the functions of the Office of the Provost, Office of the Academic Dean, Office of Institutional Research, the Center for Student Development, the Center for Teaching and Learning, the Library, and the Center for Online Learning. (continued on Schedule O)Academic Support, continued: During the pandemic, Trevecca partnered with the Tennessee Department of Education to offer free professional development to educators. Trevecca's training in digital instruction helped thousands of teachers adapt to teaching online when in-person classes were not taking place. 4092562 75378356 1 1 0 0 0 0 0 0 1 1 1 0 0 0 1 0 0 1 1 0 0 0 0 0 1 0 0 1 1 1 1 0 0 0 0 0 0 1 0 1 0 1 0 0 0 1 0 0 0 0 1 5604 0 1 1045 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 51 50 0 0 0 0 0 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 IL KY MA MI MN NH NY OR SC TN WV X Mariano Monzu CFO EVP of Finance and Administration 6152481200 333 Murfreesboro Road Nashville TN 37210 X Dan Boone President 40.00 X X 119568 0 147056 Kyle Poole Board Vice Chair 1.00 X X 0 0 0 Brian Wilson Board Chairman 1.00 X X 0 0 0 Sandy Knight Board Secretary 1.00 X X 0 0 0 Larry Dennis Trustee 1.00 X 0 0 0 Scott Sessions Trustee 1.00 X 0 0 0 Mark Berry Trustee 1.00 X 0 0 0 Freddie Williams Trustee 1.00 X 0 0 0 Jimmy Horton Trustee 1.00 X 0 0 0 Ron DeWitt Trustee 1.00 X 0 0 0 Jeremy Selvidge Trustee 1.00 X 0 0 0 Teresa Hodge Trustee 1.00 X 0 0 0 Dale Schaeffer Trustee 1.00 X 0 0 0 Bruce Oldham Trustee 1.00 X 0 0 0 Bethany Silvas Trustee 1.00 X 0 0 0 Hunter Cummings Trustee 1.00 X 0 0 0 Marquita Hicks Trustee 1.00 X 0 0 0 Brian Powell Trustee 1.00 X 0 0 0 Daniel Bradshaw Trustee 1.00 X 0 0 0 Bill McDaniel Trustee 1.00 X 0 0 0 Dwight Gunter Trustee 1.00 X 0 0 0 Jonathan Trees Trustee 1.00 X 0 0 0 Robin Holmes Trustee 1.00 X 0 0 0 Ron Jones Trustee 1.00 X 0 0 0 Greg Mason Trustee 1.00 X 0 0 0 Jerry Ward Trustee 1.00 X 0 0 0 Brian Brenneman Trustee 1.00 X 0 0 0 Samuel Flores Trustee 1.00 X 0 0 0 David Snodgrass Trustee 1.00 X 0 0 0 Jeannie Pressley Trustee 1.00 X 0 0 0 Kip Hasselbring Trustee 1.00 X 0 0 0 Dennis Moore Trustee 1.00 X 0 0 0 Heather Parrish Trustee 1.00 X 0 0 0 Shannon Litton Trustee 1.00 X 0 0 0 Mary Jo Cagle Trustee 1.00 X 0 0 0 Don Myers Trustee 1.00 X 0 0 0 Wendel Nixon Trustee 1.00 X 0 0 0 John Paul Trustee 1.00 X 0 0 0 Morris Stocks Trustee 1.00 X 0 0 0 John Rees Dunn Trustee 1.00 X 0 0 0 Joe Storey Trustee 1.00 X 0 0 0 Howard Wall Trustee 1.00 X 0 0 0 Brad Turner Trustee 1.00 X 0 0 0 Eugenio Duarte Trustee 1.00 X 0 0 0 Howard Wilson Trustee 1.00 X 0 0 0 Ashok Dhanarajan Trustee 1.00 X 0 0 0 Lamar Brantley Trustee 1.00 X 0 0 0 Mark Lancaster Trustee 1.00 X 0 0 0 Marc Vann Trustee 1.00 X 0 0 0 Ron McCormack Trustee 1.00 X 0 0 0 Greg Story Trustee 1.00 X 0 0 0 Mariano Monzu EVP of Finance and Administration 40.00 X 140931 0 35495 Tom Middendorf Provost 40.00 X 156237 0 32089 Patrick Osborne VP of Grad & Adult Education 40.00 X 206007 0 10208 Ryan Longnecker Director Edd Online 40.00 X 214055 0 8378 Rick Mann Prof. Business/ Dir. MBA/DBA 40.00 X 175686 0 16967 James Agee Professor Business 40.00 X 162015 0 79609 Kristin Bledsoe Dean of SOLIS 40.00 X 150240 0 23813 Sam Green Director Academics 40.00 X 141033 0 7596 1465772 0 361211 32 0 1 0 RC Mathews Contractor LLC PO Box 24687 Nashville TN 37202 Construction 13502766 Sodexo Inc & Affliates PO Box 360170 Pittsburg PA 15251 Food Services & Facility 5550242 Slingshot LP 1500 S Western Ave Marion IN 46953 Bookstore, Mail, Print 2315958 SSC Service Solutions PO Box 91337 Chicago IL 60693 Facility Management 1850556 Google Inc PO Box 39000 San Francisco CA 94139 Marketing 1284907 42 11625 14425951 7599384 1021571 22036960 Tuition and fees 611710 61558561 61558561 Auxiliary enterprises 611710 8570482 8570482 Other program revenue 611710 146953 146953 70275996 1766317 22440 1743877 69290 69290 2882139 28361 2748510 19053 133629 9308 142937 143824 -887 9508060 5100000 9158712 3566421 349348 1533579 1882927 1882927 13980 11625 8152 5828 5828 96180255 70275996 166264 3701035 16620 16620 23141992 23141992 979834 460517 519317 163848 44620 119228 25441115 20528945 4177678 734492 977284 800360 140600 36324 3487323 2883721 493584 110018 1714822 1429172 233316 52334 56176 56176 103487 103487 17231 17231 398005 320601 47404 30000 3115189 2034289 1075853 5047 1166430 858885 209815 97730 2826713 2170136 542407 114170 5410190 5239372 170818 789601 582443 193242 13916 84383 53841 25842 4700 924129 888594 29320 6215 3912433 3761989 124130 26314 643468 618725 20415 4328 Food service 5201869 5201869 Instructional materials 451637 451637 Equipment purchases 160658 124871 29244 6543 6998868 3765157 3077227 156484 88183305 75378356 11406334 1398615 1322293 29409273 17000000 5983860 7999795 2328608 1857786 864404 1745980 177317699 40571724 101415854 136745975 42077248 45357322 7908750 1137394 0 1435594 1053351 167581395 238062092 3649042 4233300 5854764 8688622 24993407 84741333 940001 804114 20753196 25150023 2856170 2125055 59046580 125742447 X 67154686 72176816 41380129 40142829 108534815 112319645 167581395 238062092 X 7996950 -4245360 33240 X 0 1 X 1 1 1 X 3305519 6198512 5599047 16933675 22036960 54073713 3305519 6198512 5599047 16933675 22036960 54073713 4495467 49578246 1922682 3821048 3819274 3432456 4531945 17527405 0 24534 0 0 169460 193994 71795112 347072375 0.69060 0.65930 X Schedule A, Part II The organization is a school as described under 170(b)(1)(A)(ii) and is not required to complete a public support schedule. Schedule A, Part II is completed to verify the School can qualify under public charity status section 170(b)(1)(A)(vi) and, therefore, qualifies to use the first listed special rule for Schedule B reporting. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 X 41288890 5765152 -3846827 1168454 191710 41847051 31548831 545345 10402033 1207319 41288890 32236909 596320 157548 1441946 31548831 29119263 2778769 1434239 1095362 32236909 27128838 672273 2358583 1040431 29119263 0.18230 0.81770 0.00000 0 0 7550896 7550896 15452455 122870291 28289476 110033270 0 14461490 8574354 5887136 16982567 3707894 13274673 136745975 Deposits held in custody 473316 Refundable loan programs 311279 Annuity liability 358506 Life use obligation 315215 Capital lease obligation 396171 Operating lease liabilities 270568 2125055 72093180 -4245360 308501 -3936859 76030039 17231 20132985 20150216 96180255 68308350 291881 291881 68016469 17231 20149605 20166836 88183305 Part IV, Line 2b: Deposits held in custody represent two endowments that TNU holds and administers for other organizations. TNU does not benefit from these endowments, and they are reported as an asset with a corresponding liability. Part V, Line 4: Trevecca Nazarene University's endowment exists mainly to provide scholarships for students. Secondarily, a small portion of the fund exists to provide funding to an endowed chair position in the religion department and another small portion supports the maintenance of the student center. Part XI, Line 2d - Other Adjustments: Special fundraising events expense included on Part VIII, line 8b 8,153. Rental expenses included on Part VIII, line 6b 283,728. Reclass Restricted Contributions 16,620. Part XI, Line 4b - Other Adjustments: Student scholarships netted with tuition revenue 20,132,985. Part XII, Line 2d - Other Adjustments: Special fundraising expense included on Part VIII, Line 8b 8,153. Rental expense included on Part VIII, line 6b 283,728. Part XII, Line 4b - Other Adjustments: Student scholarships netted with tuition revenue 20,132,985. Reclass Restricted Contribution 16,620. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 Schedule E, Part I, Line 3 The organization publicized its racially nondiscriminatory policy on the homepage of its website at all times during its tax year in a manner reasonably expected to be noticed by visitors. Schedule E, Part I, Line 6 Federal financial aid funds under Title IV (e.g., Direct Loans, Pell, SEOG, FWS, etc.) are received by the University to be awarded and disbursed to eligible students. The University also received financial assistance from the Higher Education Emergency Relief Funds (HEERF), Employee Rentention Credits and grant funding from the state of Tennessee. Trojan Booster Golf Scramble 13540 3075 10465 2400 396 Alumni Golf Classic 12065 8550 3515 5060 41 255 25605 11625 13980 7460 437 255 8152 5828 1 Church of the Nazarene PO Box 843116 Kansas City MO 64184 436890529 501(c)3 16620 0 Ukraine Crisis Support 1 0 Student Scholarships & Financial Aid 1653 20132985 CARES/HEERF Funding 1987 3009007 Part I, Line 2: Recommended charities are reviewed to ensure they are not on the IRS excluded charities list prior to approval. Once reviewed and a determination is made to ensure they are an approved 501c3 or equivalent the grants are approved for release. Grant award letters accompany each grant. Scholarship recipients are selected based on established merit and need-based criteria. The Financial Aid Director and Academic Department Heads work together to select institutional scholarship recipients. Qualifications for scholarships vary. All scholarships are monitored by the Financial Aid Department and are applied directly to each student's account. X 1 1 X X X 0 0 0 0 0 0 0 0 0 Dan Boone President 116520 0 0 0 3048 0 17157 0 130705 0 267430 0 0 0 James Agee Professor Business 161839 0 0 0 176 0 5061 0 75071 0 242147 0 0 0 Ryan Longnecker Director Edd Online 213954 0 0 0 101 0 3069 0 5768 0 222892 0 0 0 Patrick Osborne VP of Grad & Adult Education 205812 0 0 0 195 0 5208 0 5727 0 216942 0 0 0 Rick Mann Prof. Business/ Dir. MBA/DBA 174379 0 0 0 1307 0 4918 0 12782 0 193386 0 0 0 Tom Middendorf Provost 155997 0 0 0 240 0 9427 0 23468 0 189132 0 0 0 Mariano Monzu EVP of Finance and Administration 140691 0 0 0 240 0 8410 0 27891 0 177232 0 0 0 Kristin Bledsoe Dean of SOLIS 150171 0 0 0 69 0 3116 0 21102 0 174458 0 0 0 Part I, Line 1a Pursuant to Internal Revenue Code Section 107, ministerial housing allowances are provided for qualifying ministerial employees. This is not included in taxable compensation. Dr. Dan Boone, President, met the qualifications for and received a ministerial housing allowance during the tax year. A Health & Ed Fac Bd of Nashville 626139016 592029AE2 2019-05-14 24837030 Refinanced 7/30/09 and 12/22/10 bonds with fixed interest rate bond debt 0 0 0 B Health & Ed Fac Bd of Nashville 626139016 2021-01-12 23000000 Health Sciences & Jernigan construction 0 0 0 C Health & Ed Fac Bd of Nashville 626139016 592029AR3 2021-08-18 47983358 New Residence Hall Construction 0 0 0 A 1250000 24858408 179889 428890 2500000 21749629 2019 1 1 1 1 B 145000 23000000 536433 215597 22247970 2021 0 0 1 1 C 48052637 2521195 597244 18174289 26759909 0 0 0 0 A 0 0 1 1 0 0.00000 0.00000 0.00000 0 0 1 B 0 0 1 1 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 1 0 0 0 0 0 0 1 B 0 1 0 0 0 0 0 0 1 C 0 1 0 0 0 0 0 0 1 A 1 B 1 C 1 Part II, Line 3, Column D The total proceeds of issue reported on Part II, Line 3 differs from Part I, column (e) due to the inclusion of interest income. 57093 Tuition Assistance Tuition Assistance Erik Gernad Family member of Dr. Dan Boone, President 102817 Wages & Benefits 0 Jessica Middendorf Family member of Tom Middendorf, Provost 30220 Wages & Benefits 0 Amy Tallman Family member of Dr. Dan Boone, President 17940 Wages & Benefits 0 Ashley Gernad Family member of Dr. Dan Boone, President 12871 Wages & Benefits 0 X 1050 Flat Rate Per Box X 0 0 X 5 471451 Historical Market Value X 1 548550 Appraisal X Jukebox Repair 1 500 Cost X Gift Cards 1 20 Cost 0 0 1 0 Part I, Column (b): The number of contributions represent the number of contributions received, not the number of items donated. Form 990, Part VI, Section A, line 1a The Executive Committee shall be composed of the President of the University, the Chair of the Board, the Vice-Chair of the Board, and the Secretary of the Board - all of whom shall serve ex officio - and nine additional members. The Executive Committee shall act for the Trustees in all matters not otherwise provided for in the interim between meetings, and shall care for all other duties as may be assigned to them by the entire Board of Trustees and shall through its Secretary report all business transactions to the meetings of the Board of Trustees. Form 990, Part VI, Section A, line 7a The University is the official university for the Church of the Nazarene in the southeastern United States. The University is governed by a board of trustees elected by the various districts of the Church of the Nazarene in the Southeast Educational Region. Guided by the Church of the Nazarene's Articles of Faith and the Covenant of Christian Conduct, the University welcomes students of all religious affiliations who subscribe to its ideals and standards. Form 990, Part VI, Section B, line 11b Form 990 is prepared by an independent CPA firm and reviewed in detail by the organization's top management. The reviewed Form 990 is then provided to the board of directors prior to filing with the IRS. Form 990, Part VI, Section B, line 12c Board members and employees shall be required to file on an annual basis a Disclosure and Compliance Statement disclosing their personal interest, direct or indirect, in any University transaction during the previous year and affirming that (i) the Board member/Employee has read Trevecca Nazarene University's Conflict of Interest Policy, and (ii) the Board member/Employee will avoid participating in any University decision in which the Board member/Employee or any affiliate could be said to have any personal financial or other stake in the decision or where other outside influences could influence the Board member's/Employee's independent judgment. Copies of all Disclosure and Compliance Statements are reviewed by the CFO and kept as a matter of record in the Human Resources Department. The President reviews the CFO's Disclosure and Compliance Statement. If a conflict were to arise during the course of a board meeting, the individual with the potential conflict would abstain from voting. Form 990, Part VI, Section B, line 15 The President's compensation is reviewed by the Board's compensation committee in light of the annual compensation survey. The Audit Committee reviews the compensation of the other officers annually. They use compensation surveys to determine if pay is reasonable and in-line with similar organizations. This process is documented in the board/committee minutes upon approval. Form 990, Part VI, Section C, line 19 Trevecca Nazarene University makes its governing documents, conflict of interest policy, and financial statements available to the public upon request. Form 990, Part VII, column D Compensation reported in Part VII, column D and Schedule J, Part II, column B is the amount reported on the individual's W-2, box 1 or 5 (whichever amount is greater) per the IRS instructions. In the case of minister's compensation when box 5 of the W-2 is not applicable, box 1 compensation is used. Employee deferrals to qualified retirement plans are normally captured in box 5, not box 1 of Form W-2. For reporting purposes we have included the minister's retirement plan deferrals in Part VII, column F and Schedule J, Part II, column C. Form 990, Part XI, line 9: Reclass Restricted Contributions from Revenue 16,620. Reclass Restricted Contributions to Expenses 16,620. 303 Murfreesboro Road LLC 333 Murfreesboro Road Nashville TN 37210 620497990 Property development TN 1710000 Trevecca Nazarene University 411 Woodycrest LLC 333 Murfreesboro Road Nashville TN 37210 812607757 Property development TN 106164 1215000 Trevecca Nazarene University 195 Polk LLC 333 Murfreesboro Road Nashville TN 37210 620497990 Property development TN 203127 8938200 Trevecca Nazarene University TFWG Investors LLC 333 Murfreesboro Road Nashville TN 37210 474194119 Property development TN 2414735 18978520 Trevecca Nazarene University TNOH Partners VI 101 Westpark Drive Ste 100 Brentwood TN 37027 371856815 Commerical office & educational rental TN 195 Polk LLC unrelated 203127 3695230 0 156956 1 0.90000 Charitable remainder unitrusts (1) Personal Estate TN Trevecca Nazarene University T 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0