2023-04-26T11:32:12-07:00 2022-06-30 990 2021-07-01 541061178 REGENT UNIVERSITY REGE 7573524050 1000 Regent University Drive Virginia Beach VA 23464 Stephen Bruce VP of Business Administration 7573524429 2023-04-25 1 11 0 AAL2 2021 2023-04-26 12:10:37Z Stephen Bruce 1000 Regent University Virginia Beach VA 23464 210619323 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. 18 17 1754 10 402 0 2794510 4885793 144310160 150682791 13380168 6953016 313959 378813 160798797 162900413 23726465 25098281 0 0 61762018 67478511 0 0 1848451 53384034 51977412 138872517 144554204 21926280 18346209 192723352 193536342 108280694 103685314 84442658 89851028 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 116079592 0 138541713 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. 1,162 Graduate degrees, 678 Undergraduate degrees, 177 First Professional degrees and 34 Associate degrees were awarded in 2020-2021. (10,386 students) 7235388 0 12141078 Hospitality Services - Hotel and conference center providing conference services, food and beverage services, banquets and other various hospitality services. 0 0 0 123314980 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 1 0 1 1 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 1 0 1 0 0 0 1 1 1 1 0 0 1 15184 0 1 1754 1 1 1 0 0 0 0 0 0 0 X 18 17 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 3188 6944 565150 Mark D Martin Dean/Professor - Law School 40 0 X 411262 0 26383 Louis A Isakoff Vice President and General Counsel 40 0 X 339184 0 41941 Martha J Smith Vice President for Human Resources & Administration 40 0 X 243930 0 32502 Christopher J Lambert VP Advancement 40 0 X 234225 0 36991 William L Hathaway Exec VP Academic Affairs 40 0 X 224179 0 31922 Joseph Umidi Executive Vice President for Student Life 40 0 X 225846 0 23657 Dorothy C Foster Exec VP Enrollment Services 40 0 X 212201 0 35732 Michele M Bachmann Dean - Government 40 0 X 226537 0 19422 Doris Gomez Dean - Business 40 0 X 207904 0 31575 Joshua McMullen Dean - School of Arts and Sciences 40 0 X 208427 0 27831 Stephen Bruce EVP Finance and Administration 40 0 X 206857 0 27798 Marion R Warren Professor - Law 40 0 X 204780 0 19687 Gerson Moreno-Riano Executive Vice President for Academic Affairs 0 0 X 156573 0 24520 Chris Allen Mitchell Sr VP Chief of Police 40 0 X 57302 95760 11321 Ann R LeBlanc Vice President on Special Assignment 40 0 X 121374 0 22555 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 Kay Peng Khoo 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 X 0 0 0 Kenneth W Starr 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 Joe Johnson Board Member 1 0 X 0 0 0 3283769 102704 978987 76 1 1 1 Google Inc Dept 33654 PO Box 39000 San Francisco CA 94139 Advertising Services 11901405 Christian Broadcasting Network 977 Centerville Turnpike Virginia Beach VA 23464 Building/Ground Services 2487374 Microsoft Online Inc PO Box 847543 Dallas TX 752847543 Advertising Services 2444351 Meta Platforms Inc 15161 Collections Center Dr Chicago IL 60693 Advertising Services 1988229 EAB PO Box 603519 Charlotte NC 282603519 Marketing Consultants 1214311 29 0 0 0 0 2605281 2280512 66340 4885793 Tuition and Fees 611310 133089363 133089363 0 0 Hotel Food and Beverage 721110 12141078 12141078 0 0 Sales and Services Auxiliary 611710 4697588 4697588 0 0 Sales and Services Educational 611710 15827 15827 0 0 Miscellaneous 611710 738935 738935 0 0 0 0 0 0 150682791 1651439 0 0 1651439 154892 0 0 154892 81829 0 0 81829 402 0 0 0 402 0 402 0 402 0 52865595 0 47718910 0 5146685 0 5146685 0 0 5146685 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Bookstore Commissions 451211 302605 302605 0 0 Change value split interest agreement 523999 -6023 0 0 -6023 0 0 0 0 296582 162900413 150985396 402 7028822 0 0 25098281 25098281 0 0 0 0 2320094 593039 1421395 305660 0 0 0 0 53809659 43433453 9563769 812437 832459 645295 163939 23225 6421499 8870045 -2773857 325311 4094800 3206164 805642 82994 0 0 0 0 215166 35184 177667 2315 130800 0 130800 0 0 0 0 0 0 0 0 0 0 0 5154852 3877335 1180397 97120 20987048 20947775 37193 2080 2223674 1386906 725967 110801 4334037 266545 4067492 0 9433 9433 0 0 7027520 7269077 -269286 27729 504217 394569 82281 27367 0 0 0 0 25153 23112 1767 274 179 0 179 0 0 0 0 0 5694934 4453516 1230169 11249 681074 57737 621333 2004 Hotel Services & Support 2834668 1467186 1367482 0 Repairs and maintenance of equipment 1063954 621046 441561 1347 Hospitality 230226 190888 22800 16538 Miscellaneous 860477 468394 392083 0 144554204 123314980 19390773 1848451 45565 51774 24681245 32461572 0 262000 6633507 9764820 0 0 0 0 0 0 105634 118616 873801 1190603 231102008 149058565 84562778 82043443 53577017 48355029 15598588 13261353 5318817 5134132 0 0 1326400 893000 192723352 193536342 14995620 13566873 0 0 11017635 10831498 80941439 78444943 0 0 0 0 0 0 0 0 1326000 842000 108280694 103685314 X 49513007 55716476 34929651 34134552 84442658 89851028 192723352 193536342 18346209 -14050901 0 0 1113062 0 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 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 101071000 385000 4216000 0 0 0 105672000 0.72 0.27 0.01 0 0 0 8277883 8277883 0 133698092 68876140 64821952 0 0 0 0 0 87586780 80182425 7404355 0 1539253 0 1539253 82043443 0 0 Hedge Funds 10455176 F Real Estate & Commodities 2462429 F Venture Capital 343748 F 13261353 0 Operating lease liabilities 842000 842000 X 124240000 -14050901 0 0 -34978 -14085879 138325879 0 24574534 24574534 162900413 119676000 0 0 0 -303670 -303670 119979670 0 24574534 24574534 144554204 Schedule D, Part V, Line 4 Regent University's endowment consists of approximately 122 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 Subtract $35,000 loss attributable to Frio Energy which is reflected on a separate tax return. Add back $22 due to rounding. Schedule D, Part XI, Line 4b Add institutional scholarships of $24,574,534 which are included in expenses on the 990 but as a reduction of revenue on the financial statements for Regent University. Schedule D, Part XII, Line 2d Subtract $797,000 expenses for Henrico, Inc. and add back $1,100,000 elimination for rental reimbursement which is reflected on a separate tax return. Add back $670 due to rounding. Schedule D, Part XII, Line 4b Add institutional scholarships of $24,574,534 which are included in expenses for 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. 1 Scholarships for students at Regent University. 5400 25020940 0 FMV Various cash stipends given to students from restricted funds for specific student groups. 50 77341 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 X 1 1 X 0 1 0 0 0 0 0 0 0 Mark D Martin Dean/Professor - Law School 373262 0 38000 0 0 0 7400 0 18983 0 437645 0 0 0 Louis A Isakoff Vice President and General Counsel 339184 0 0 0 0 0 6728 0 35213 0 381125 0 0 0 Martha J Smith Vice President for Human Resources & Administration 243930 0 0 0 0 0 4744 0 27758 0 276432 0 0 0 Christopher J Lambert VP Advancement 234225 0 0 0 0 0 4870 0 32121 0 271216 0 0 0 Michele M Bachmann Dean - Government 226537 0 0 0 0 0 3750 0 15672 0 245959 0 0 0 Joseph Umidi Executive Vice President for Student Life 319746 0 0 0 0 0 2866 0 20791 0 343403 0 0 0 William L Hathaway Exec VP Academic Affairs 224179 0 0 0 0 0 4602 0 27320 0 256101 0 0 0 Dorothy C Foster Exec VP Enrollment Services 212201 0 0 0 0 0 3867 0 31864 0 247932 0 0 0 Stephen Bruce EVP Finance and Administration 206857 0 0 0 0 0 4250 0 23548 0 234655 0 0 0 Joshua McMullen Dean - School of Arts and Sciences 208427 0 0 0 0 0 4271 0 23560 0 236258 0 0 0 Doris Gomez Dean - Business 207904 0 0 0 0 0 4247 0 27328 0 239479 0 0 0 Marion R Warren Professor - Law 204780 0 0 0 0 0 4050 0 15637 0 224467 0 0 0 Ann R LeBlanc Vice President on Special Assignment 121374 0 0 0 0 0 2500 0 20055 0 143929 0 0 0 Chris Allen Mitchell Sr VP Chief of Police 52952 95760 4350 0 0 0 483 0 5850 4988 63635 100748 0 0 Gerson Moreno-Riano Executive Vice President for Academic Affairs 156573 0 0 0 0 0 3203 0 21317 0 181093 0 0 0 M G Robertson Chancellor-CEO 3188 6944 0 0 0 0 0 0 0 565150 3188 572094 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 includes 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 officer 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 for the university, began receiving retirement 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 4587798 0 0 1205394 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 5400 Employee Compensation 0 X 4 66340 Valuation 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. Ann LeBlanc, served as Vice President on Special Assignment for Regent University and is the daughter of 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 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 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 present, it will ensure that all compensation is reasonable compared to similar positions of responsibility at other 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 12310000 7386000 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 Frio Energy Inc 977 Centerville Turnpike Virginia Beach VA 23463 611693385 Oil and Gas production NV Regent University C C 1 1 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, 2023 is approved.