2023-05-13T16:06:10-05:00 2022-06-30 363990892 Capin Crouse LLP 1255 Lakes Parkway Suite 105 Lawrenceville GA 30043 990 2021-07-01 570324936 Southern Wesleyan University SOUT 8646445024 907 Wesleyan Drive Central SC 29630 Devon Broome Interim VP for Finance 8646445024 2023-05-13 1 Devon Broome 999009999 Daren Daiga P01074795 5055022746 3 AAL1 IAL1 2021 2023-04-26 12:10:37Z Dr William D Barker 907 Wesleyan Drive Central SC 29630 38290604 0 X www.swu.edu/ X 1909 SC Challenging students to be dedicated scholars and leaders who impact the world for Christ. 33 33 559 33 73615 59345 5842583 11395794 27498617 25782210 191010 147363 508478 774082 34040688 38099449 9494515 10021561 0 0 11293229 9757797 0 0 472073 11811849 11774155 32599593 31553513 1441095 6545936 41257690 46468008 7760184 6886845 33497506 39581163 X Southern Wesleyan University is a Christ-centered, student-focused learning community devoted to transforming lives by challenging students to be dedicated scholars and servant-leaders who impact the world for Christ. 0 0 26499925 10021561 25708595 Southern Wesleyan University is a Christ-centered, student-focused learning community devoted to transforming lives by challenging students to be dedicated scholars and servant leaders who impact the world for Christ. Southern Wesleyan University seeks to meet the educational needs of diverse student populations through both traditional and innovative approaches. For those students who seek an excellent residential campus experience in the context of a strong Christian environment, the university provides on-campus programs at its facility in Central, South Carolina. There the rich traditions of academia are coupled with residence hall communities, sports, chapel and artistic performances.SWU's On-Campus program offers a wide variety of undergraduate majors in areas such as business, recreation, teacher education, music, English, communication, religion & ministry, biology, chemistry, math, computer science, forensics, pre-medicine, history, psychology, social science and human services. Southern Wesleyan University offers online programs in an innovative framework that provide opportunities to conveniently complete undergraduate, graduate and postgraduate programs. SWU Online continues year-round, and students enter the program at several times during the year.Undergraduate programs offered through SWU Online include an associate degree in general studies. Also offered are bachelor of science programs in business administration, human services, nursing, and early childhood and family studies. Southern Wesleyan University also offers online graduate and postgraduate programs including the Master of Business Administration (MBA), the Master of Science in Management (MSM), the Master of Education in Classroom Leadership (MEDCL), the Master of Education in Administration and Supervision (MEDAS), the Master of Education in e-Learning and Instructional Design, and the Doctor of Education in Curriculum and Assessment (EdD). 26499925 1 1 0 0 0 0 0 1 0 1 1 1 0 0 1 0 1 0 1 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 0 0 0 1 1918 0 1 559 1 1 1 0 0 0 0 0 0 0 0 1 0 0 0 X 33 33 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 SC X Devon Broome 8646445024 907 Wesleyan Drive Central SC 29630 Rev J Mike Hilson Chair 1.00 X X 0 0 0 Rev Jerry L Lumston Vice Chair 1.00 X X 0 0 0 Rev Jonathan W Lewis Secretary 1.00 X X 0 0 0 Dr Daniel A Berry Director 1.00 X 0 0 0 Mr Pete Benson Director 1.00 X 0 0 0 Mr William L Benton Director 1.00 X 0 0 0 Mr James Bross Jr Director 1.00 X 0 0 0 Rev Waymond L Burton III Director 1.00 X 0 0 0 Dr Louise H Carlton Director 1.00 X 0 0 0 Dr E Keith Carroll Director 1.00 X 0 0 0 Mr Thomas H Cayce Director 1.00 X 0 0 0 Mr D Mike Chambers Director 1.00 X 0 0 0 Dr R Dale Hale Director 1.00 X 0 0 0 Rev Thomas L Harding Director 1.00 X 0 0 0 Mr James A Jensen Director 1.00 X 0 0 0 Dr Charles L Joiner Director 1.00 X 0 0 0 Rev Daniel E LeRoy Director 1.00 X 0 0 0 Mr Dan Loggins Director 1.00 X 0 0 0 Dr Verna J Lowe Director 1.00 X 0 0 0 Rev Donald W Milstead Director 1.00 X 0 0 0 Dr Kevin Myers Director 1.00 X 0 0 0 Dr John Ott Director 1.00 X 0 0 0 Mr Hershell A Pruitt Director 1.00 X 0 0 0 Rev W Marshall Rampey Jr Director 1.00 X 0 0 0 Rev Greg Reynolds Director 1.00 X 0 0 0 Mrs Betty Sue Rickman Director 1.00 X 0 0 0 Rev Frankie J Rodriguez Director 1.00 X 0 0 0 Rev Heather Semple Director 1.00 X 0 0 0 Rev Aaron P Sherman Director 1.00 X 0 0 0 Mr Henry F Shigley Director 1.00 X 0 0 0 Mr Keith W Smith Director 1.00 X 0 0 0 Rev Patrick J Styers Director 1.00 X 0 0 0 Dr Joseph Dongell Director 1.00 X 0 0 0 Dr William Crothers President 37.50 X 123651 0 18000 Mr Roger House VP for Finance/CFO/Treasurer 37.50 X 112853 0 0 Mr D Kenneth Whitener VP for Finance/CFO/Treasurer 37.50 X 0 0 0 Todd S Voss Former President 37.50 X 134315 0 39075 Dr April White Pugh Provost/VP for Academic Affairs 37.50 X 104907 0 9000 475726 0 66075 4 0 1 0 Pioneer College Caterers Inc 303 Glenrose Avenue Nashville TN 37210 Food Services 952879 The Budd Group 2620 River Road Greenville SC 29673 Custodial Services 394184 Vernon Miller Builders LLC 396 Sam Brown Road Seneca SC 29678 Construction Services 371494 Wescad Inc 5269 S Frontage Road Gray Court SC 29645 Home Services 217735 Crawford Strategy LLC 201 W McBee Avenue Suite 150 Greenville SC 29601 Marketing Services 213976 8 48392 1416932 8272823 1657647 555025 11395794 Tuition and fees 611310 21745491 21745491 Auxiliary services 611310 4036719 3963104 73615 25782210 121098 121098 587507 47818 539689 539689 539689 128713 26265 128713 0 0 26265 26265 26265 0 48392 14624 -14624 -14624 249017 249017 249017 38099449 25708595 73615 921445 10021561 10021561 315721 250968 64753 41469 29028 12441 7832563 6652413 995132 185018 189205 153139 28673 7393 797355 626610 136271 34474 581484 471288 91534 18662 70735 70735 97000 97000 11925 11925 2807857 2119391 628634 59832 545829 533832 1891 10106 2172216 1369956 738832 63428 620179 90306 529274 599 1172075 899868 272171 36 507416 437638 59111 10667 23470 5388 14341 3741 177895 164860 13035 1121610 1038988 82622 396972 157220 239752 Custodian, Maintenance, 1699735 1575188 124547 Bad Debt 59092 59092 Bond Closing Amortizati 13018 13018 277131 182279 93929 923 31553513 26499925 4581515 472073 3734535 4015468 2841427 4477878 3853309 99119 116208 565091 136160 856587 520886 47759356 23070355 24449181 24689001 4672238 4621808 4039512 4037290 41257690 46468008 1235234 1365152 1134474 866120 4560490 3989508 829986 666065 7760184 6886845 X 22108268 28698633 11389238 10882530 33497506 39581163 41257690 46468008 6545936 -462279 0 X 0 1 X 1 1 1 X Form 990, Schedule A, Part I Southern Wesleyan University is a church as described under IRC Section 170(b)(1)(A)(i) as an integral agency or integrated auxiliary of the Wesleyan Church. According to the IRS, Southern Wesleyan University is not required to file Form 990. It has elected to file as a school under IRC Section 170(b)(1)(A)(ii). Notwithstanding Southern Wesleyan University's Form 990 filing exemption, Southern Wesleyan University has elected voluntarily to file Form 990 as a school under IRC Section 170(b)(1)(A)(ii) out of a desire to foster transparency and accountability. Southern Wesleyan University's voluntary decision to file Form 990 should in no way be interpreted as being inconsistent with its status as a church or be deemed a waiver of any of the rights of privileges that accompany its recognized status as a church. Southern Wesleyan University continues to operate in all ways as a church described in section 509(a)(1) and 170(b)(1)(A)(i) of the Code. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 3250 170500 X 0 7831204 397580 -339935 128812 7760037 6696785 372653 872166 110400 7831204 6818890 327880 -370002 79983 6696785 0.03661 0.96339 0 0 2336537 2336537 34671965 16342312 18329653 8031344 6643605 1387739 2719510 84438 2635072 24689001 Fixed Income Securities 73422 C Real Estate 3963868 C 4037290 Deposits held in custody 352563 Capital Lease Obligations 170769 US Government Grants refundable 142733 666065 29319328 -462279 62443 -399836 29719164 11925 8368360 8380285 38099449 23235671 62443 62443 23173228 11925 8368360 8380285 31553513 Part III, Line 4: The university maintains a collection of art that includes an historic marker at Pickens Cemetary, Nicholson Diaries, a Cartoon Collection, and a set of complete Hebrew scrolls. These items are displayed to the public on a rotating basis. The university's collection of donated artwork and journals further the university's mission by promoting the areas of arts and humanities to students and the public. The university's Complete Hebrew Scroll relates to theology, philosophy, and religious studies and helps promote the mission through arts and humanities to students and the public. Part V, Line 4: The majority of the endowment fund assets are invested to generate earnings to award to students based on the particular endowment. The endowment fund's investment policy provides that only a percentage of a rolling average of the endowment balance be made available to award as scholarships. The earnings above the spending rate go towards growing the endowment. Other endowment is general unrestricted and its earnings go towards funding the operational budget. Part XI, Line 2d - Other Adjustments: Fundraising Expense 14,624. Rent Expense 47,819. Part XI, Line 4b - Other Adjustments: Scholarships 8,368,360. Part XII, Line 2d - Other Adjustments: Fundraising Expense 14,624. Rent Expense 47,819. Part XII, Line 4b - Other Adjustments: Scholarships 8,368,360. 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 currently enrolls students of racial minority groups in meaningful numbers consistent with the publicity exception found in Rev. Proc. 75-50 section 4.03(2)(b). The University has updated its website as of 5/9/2022 to be in full compliance with the Rev. Proc. 2019-22 standards. The organization's nondiscriminatory policy is published during the registration period on the application for admission, in the university's catalog, and in the student guides. 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 (ERC), Center for Veterans Student Success Grant, and grant funding from the state of South Carolina. PB Wood Warrior Open 13620 13620 1400 2565 765 1387 Sporting Clay Classic 34772 34772 1950 2000 2554 2003 48392 48392 3350 4565 3319 3390 14624 -14624 1 Scholarships 924 8368360 HEERF Grants 645 1653201 Part I, Line 2: Grant funds are applied directly to the student accounts to offset University costs for tuition, room, board. Funds are not released to students. X X X 1 1 X X X 0 0 0 0 0 0 0 1 0 Todd S Voss Former President 84315 0 50000 0 0 0 2746 0 36996 0 174057 0 0 0 Part I, Line 1a Travel for compantions was provided to the President for his wife's travel as a representative of the University. This expense has a valid bueinss purpse and has been treated as non-taxable to the Presdident and his wife. As a condition of employment, and as a convenience to the University, the President is provided a home on University grounds. The University also provides housekeeping for the home as the President hosts business related events periodically. The home is provided as a nontaxable benefit to the President. Part I, Line 7 The board of directors approved a discretionary bonus payment to the Former President. A South Carolina Jobs-Economic Development Authority 570960018 2013-12-16 9279000 Refinance of 1999 and 2004 bonds 0 0 0 A 5203000 9279000 163631 9115369 2013 1 0 1 1 A 0 0 0 0 0 0 1 A 0 0 1 0 0 0 0 0 1 A 1 X 1 3250 Fair Market Value X 1 18000 Fair Market Value X 4 128713 Selling Price X 2 405062 Appraisal 1 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, General Footnote The Internal Revenue Service determined that Southern Wesleyan University is a church because it is a public charity described in sections 509(a)(1) and 170(b)(1)(A)(i) of the Internal Revenue Code (the "Code"). As stated in that code, Southern Wesleyan University is not required to file Form 990. Notwithstanding Southern Wesleyan University's Form 990 filing exemption, Southern Wesleyan University has elected voluntarily to file Form 990 out of a desire to foster transparency and accountability. Southern Wesleyan University's voluntary decision to file Form 990 should in no way be interpreted as being inconsistent with its status as a church or be deemed a waiver of any of the rights or privileges that accompany its recognized status as a church. Southern Wesleyan University continues to operate in all ways as a church described in sections 509(a)(1) and 170(b)(1)(A)(i) of the Code. Form 990, Part VI, Section A, line 1a The Executive Committee shall be composed of the Chair of the Board of Trustees, the Vice-Chair, Secretary, Treasurer, and President of the University and the Chairs of the Standing Committees. A majority of the members of the Executive Committee shall constitute a quorum. In the event that an officer of the Board is selected to serve as the Chair of a Standing Committee, the Board of Trustees may elect another Trustee to serve on the Executive Committee. The Executive Committee shall serve as the Committee on Membership and shall consider and act upon all nominations and committee assignments recommended by the Governance Committee. The Executive Committee shall appoint and evaluate the members of the Governance Committee. Between meetings of the Board of Trustees, the Executive Committee shall act for the Board, except that it may not take any action it is not authorized to make nor any action inconsistent with a prior act of the Board of Trustees. The Executive Committee is not authorized to make decisions with respect to the following matters: dissolve the corporation, hire or fire the President, enter into major contracts or sue another entity, make significant changes to a Board-approved budget, adopt or eliminate major programs, change the mission of the University, buy or sell property, amend the Bylaws, or change this BPM or any other policies the Board determines must require a Board vote. Form 990, Part VI, Section A, line 6 The Wesleyan Church is the sole member of the organization. Form 990, Part VI, Section A, line 7a The General Board of The Wesleyan Church, a related organization, has the power to elect new members to the Board of Trustees. Form 990, Part VI, Section A, line 7b The General Board of The Wesleyan Church, a related organization, hires the President and determines officer compensation. Additionally, any changes to the bylaws must be approved by the General Board of The Wesleyan Church. 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 The organization requires all officers and board members to annually complete and sign a conflict of interest questionnaire. The President's Cabinet is responsible for reviewing the signed statements and ensuring that interested persons are in compliance with the conflict of interest policy. The Board Chair is responsible for reviewing the President's signed statement. Should any potential conflicts of interest be disclosed, the board member or officer would be asked to refrain from participation in any deliberation or decision with regard to matters affected by the relationship. Form 990, Part VI, Section B, line 15 Line 15a: The President's compensation is determined by the independent trustees of the Board. The Board reviews comparable compensation data from industry surveys to eveluate the reasonableness of the compensation amount. The deliberation and decision are documented in the committee minutes. The President and the President's Cabinet approve compensation for all other officers and key employees. Comparable compensation data from industry survyers is used. The deliberation and decision are documented in the committee minutes. Form 990, Part VI, Section C, line 19 The governing documents, conflict of interest policy and financial statements are available upon request. The Wesleyan Church Corporation PO Box 50434 Indianapolis IN 462503051 351148762 Church IN 501(c)(3) Line 1 N/A 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0