2023-05-15T09:46:03-05:00 2022-06-30 721396621 CARR RIGGS & INGRAM LLC 4004 SUMMIT BLVD NE SUITE 800 ATLANTA GA 30319 990 2021-07-01 580603153 REINHARDT UNIVERSITY REIN 7707205600 7300 REINHARDT CIRCLE WALESKA GA 301835602 STEPHANIE OWENS CFO 7707205600 2023-05-12 1 STEPHANIE OWENS 999009999 TIFFANY T ORR CPA P01559485 7703948000 2023-05-12 0 AAL1 IAL1 2021 2023-04-26 12:10:37Z DR MARK A ROBERTS 7300 REINHARDT CIRCLE WALESKA GA 301835602 60707670 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. 34 34 556 45 -4063 0 10926801 7701844 37098286 34523759 2470656 5122914 139169 146567 50634912 47495084 16404232 13974263 0 0 13895734 12999077 0 0 421307 16747209 16656922 47047175 43630262 3587737 3864822 120947179 114129516 43795588 41127837 77151591 73001679 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 9851600 27578639 INSTUCTION- INSTRUCTION AND ACADEMIC PROGRAMS LEADING TO BACHELOR'S AND MASTER'S LEVEL DEGREES FOR REINHARDT STUDENTS. (1,146 STUDENTS) 7182888 6690470 AUXILIARY ENTERPRISES- RESIDENCE HALLS, FOOD SERVICES, AND OTHER SUPPORT FOR THE INSTRUCTIONAL PROGRAM OF THE UNIVERSITY. (1,146 STUDENTS) 7502641 254650 STUDENT SERVICES- STUDENT DEVELOPMENT, COUNSELING, ATHLETICS, ADMISSIONS, FINANCIAL AID ADMINISTRATION, RECORDS, AND OTHER SUPPORT FOR THE INSTRUCTIONAL PROGRAM OF THE UNIVERSITY. (1,146 STUDENTS). 13974263 13974263 FINANCIAL AID- SCHOLARSHIPS AND OTHER FINANCIAL ASSISTANCE FOR THE STUDENTS ATTENDING UNIVERSITY. (1,442 STUDENTS) 13974263 13974263 38511392 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 81 0 556 1 0 0 0 0 0 0 0 0 0 0 0 0 X 34 34 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 GA X STEPHANIE OWENS 7707205600 7300 REINHARDT CIRCLE WALESKA GA 301835602 C KEN WHITE CHAIR 1.00 X 0 0 0 PHILLIP M LANDRUM III VICE CHAIR 1.00 X 0 0 0 M ELLEN MCELYEA SECRETARY 1.00 X 0 0 0 LEWIS A CLINE TREASURER 1.00 X 0 0 0 ANGELA D PHARR ASSISTANT SECRETARY 1.00 X 0 0 0 SHARON J BARTELS TRUSTEE 1.00 X 0 0 0 TOMMY M BEMAN 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 RAYMON H COX TRUSTEE 1.00 X 0 0 0 JAMES B MOONEYHAN TRUSTEE 1.00 X 0 0 0 JAMES A WASHBURN TRUSTEE 1.00 X 0 0 0 THOMAS W CARTER 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 BILLY HAYES TRUSTEE 1.00 X 0 0 0 ALICIA M IVEY TRUSTEE 1.00 X 0 0 0 BEN L LOOPER TRUSTEE 1.00 X 0 0 0 PATIENCE E PETERSON TRUSTEE 1.00 X 0 0 0 LISA PINKSTON TRUSTEE 1.00 X 0 0 0 THE HON JOHN A PIPKIN III 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 FRED J WEIR III 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 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 229209 0 20495 STEPHANIE OWENS CFO 50.00 X 137828 0 1086 DR JOHN MILES VPAA 50.00 X 55370 0 6749 WALTER MAY VP OF STUDENT AFFAIRS 50.00 X 78188 0 8077 DR PATRICIA SZYMURSKI VP OF MARKETING AND STRATIGIC INITIATIVES 50.00 X 99904 0 12960 WILLIAM POPP VP OF ATHLETICS AND ENROLLMENT 50.00 X 101566 0 602 THOMAS YANNUZZI VP OF ADVANCEMENT 50.00 X 110170 0 8220 LEANNE WILHITE DEAN OF THE CAUBLE SCHOOL OF NURSING & HEALTH SCI 50.00 X 122746 0 8305 JOSEPH MULLINS INTERIM DEAN MCCAMISH SCHOOL OF BUSINESS AND SPORT 50.00 X 108068 0 21222 1043049 0 87716 6 0 1 0 METZ CULINARY MANAGEMENT 2 WOODLAND DRIVE DALLAS GA 18612 FOOD SERVICES 1983423 NATIONAL MANAGEMENT PO BOX 1224 LAGRANGE GA 30241 FACILITIES MANAGEMENT 1436068 CIGNA HEALTHCARE PO BOX 644546 PITTSBURGH PA 15264 HEALTH SERVICES 1309860 ABOVE GRADE 1700 GARLAND MOUNTAIN TRAIL WALESKA GA 30183 EDUCATION SERVICES 786579 GEORGIA POWER 96 ANNEX ATLANTA GA 30396 UTILITIES 784330 5 88820 4192783 3420241 204869 7701844 TUITION AND FEES 611710 27578639 27578639 AUXILIARY SERVICES 611710 6690470 6690470 STUDENT ACTIVITIES 611710 254650 254650 34523759 2864538 2864538 14500880 902708 12570954 574258 1929926 328450 2258376 2258376 218004 88820 67374 150630 150630 INCOME (LOSS) FROM PAR 523000 -4063 -4063 -4063 47495084 34523759 -4063 5273544 12655448 12655448 1318815 1318815 882562 756318 126244 9909200 8491760 1076587 340853 1384796 1186711 198085 822519 704864 117655 18007 18007 87589 87589 276569 276569 2913240 1873085 1005694 34461 358670 230905 122340 5425 256933 179330 68912 8691 938652 863871 74781 622124 613414 6428 2282 167281 150683 16598 1320979 1320979 3257500 2997980 259520 370279 18463 333251 18565 REPAIRS AND MAINTENANCE 2134101 1729508 398449 6144 STUDENT AND GUEST MEALS 1819622 1819622 ATHLETIC EXPENSE 948621 948621 SOFTWARE MAINTENANCE 305667 305667 861088 651015 205187 4886 43630262 38511392 4697563 421307 3953241 2032879 1306943 1062166 2018466 1999505 201681 1508905 12900 12900 910349 1433868 111529671 55137930 57735198 56391741 45990988 41457045 4774346 4630243 4043067 3600264 120947179 114129516 3869190 2352287 1091117 811379 38835281 37964171 43795588 41127837 X 38473227 36710979 38678364 36290700 77151591 73001679 120947179 114129516 X 3864822 -7571931 -442803 X 0 1 X 1 1 1 X 3435815 3593350 4245372 10926801 7701844 29903182 3435815 3593350 4245372 10926801 7701844 29903182 2222157 27681025 1212459 1616311 1500860 1960148 2860475 9150253 5163 5163 39058598 0.70870 0.68450 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X 0 46691079 593134 -3058099 1825983 42400131 35910539 1378483 11185758 1783701 46691079 37653124 467767 -394923 1815429 35910539 40575481 308222 1548616 2279195 2500000 37653124 39438494 452496 3194640 2510149 40575481 0.28542 0.60642 0.10816 0 0 716461 716461 96484959 44021855 52851807 1578363 1016637 561725 11560374 10099438 1072234 1189514 1189514 56391741 X 27310893 -7571931 -375429 -7947360 35258253 276569 11960262 12236831 47495084 31460805 67374 67374 31393431 276569 11960262 12236831 43630262 PART III, LINE 4: THE MISSION OF THE FUNK HERITAGE CENTER IS TO TELL THE STORY OF THE EARLY APPALACHIAN SETTLERS AND SOUTHEASTERN INDIANS THROUGHT EDUCATIONAL PROGRAMMING AND THE COLLECTION, CARE AND EXIBITION OF ART AND ARTIFACTS. PART V, LINE 4: THE UNIVERSITY'S ENDOWMENT CONSISTS OF APPROXIMATELY 120 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 2022 AND 2021, 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 -442,803. SPECIAL EVENT DIRECT EXPENSES 67,374. PART XI, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS AND FINANCIAL ASSISTANCE 11,960,262. PART XII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENT DIRECT EXPENSES 67,374. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS AND FINANCIAL ASSISTANCE 11,960,262. 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. 1 SUB-SAHARAN AFRICA 0 0 GRANTS 91664 SOUTH ASIA 0 0 GRANTS 30634 SOUTH AMERICA 0 0 GRANTS 340900 RUSSIA AND NEIGHBORING STATES 0 0 GRANTS 46846 NORTH AMERICA 0 0 GRANTS 87500 MIDDLE EAST AND NORTH AFRICA 0 0 GRANTS 11160 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 GRANTS 527461 EAST ASIA AND THE PACIFIC 0 0 GRANTS 147650 CENTRAL AMERICA AND THE CARIBBEAN 0 0 GRANTS 35000 0 0 0 0 0 0 1283815 35000 1318815 SCHOLARSHIP SUB-SAHARAN AFRICA 4 91664 CREDIT TO STUDENT ACCOUNT FMV SCHOLARSHIP SOUTH ASIA 1 30634 CREDIT TO STUDENT ACCOUNT FMV SCHOLARSHIP SOUTH AMERICA 16 340900 CREDIT TO STUDENT ACCOUNT FMV SCHOLARSHIP RUSSIA AND NEIGHBORING STATES 2 46846 CREDIT TO STUDENT ACCOUNT FMV SCHOLARSHIP NORTH AMERICA 4 87500 CREDIT TO STUDENT ACCOUNT FMV SCHOLARSHIP MIDDLE EAST AND NORTH AFRICA 1 11160 CREDIT TO STUDENT ACCOUNT FMV SCHOLARSHIP EUROPE (INCLUDING ICELAND & GREENLAND) 20 527461 CREDIT TO STUDENT ACCOUNT FMV SCHOLARSHIP EAST ASIA AND THE PACIFIC 6 147650 CREDIT TO STUDENT ACCOUNT FMV SCHOLARSHIP CENTRAL AMERICA AND THE CARIBBEAN 2 35000 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. HENITZE GOLF 150645 740 149905 11385 21992 8429 3317 UM GOLF TOURNAMENT 26535 1700 24835 2169 5153 457 789 2 129644 86380 43264 755 1160 11768 306824 88820 218004 14309 27145 10046 15874 67374 150630 1 SCHOLARSHIPS AND FINANCIAL ASSISTANCE 1031 10641447 THE TUITION DISCOUNT IS A REDUCTION IN TUITION COSTS TO THE STUDENT CARES ACT GRANTS 1334 2014001 HEERT GRANTS DISTRIBUTED TO STUDENTS WHO HAD THEIR SEMESTER DISRUPTED BY COVID-19 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 229209 0 0 0 0 0 0 0 20495 0 249704 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 CALUE IS CONSIDERED NOMINAL. NONE OF THE BENEFIT WAS TREATED AS TAXABLE COMPENSATION. X 19 204869 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 -442,803.