2022-04-13T11:03:15-05:00 2021-05-31 363990892 Capin Crouse LLP 2435 Research Parkway STE 200 Colorado Springs CO 80920 990 2020-06-01 850164940 University of the Southwest UNIV 5753926561 6610 North Lovington Hwy Suite 510 Hobbs NM 88240 Dr Quint Thurman President 5753926561 2022-04-13 1 Dr Quint Thurman 999009999 Ted R Batson Jr P00721951 5055022746 0 AAL1 IAL1 2020 2022-09-23 18:48:47Z Dr Quint Thurman 6610 North Lovington Hwy Suite 510 Hobbs NM 88240 17670200 0 X www.usw.edu X 1962 NM Christ-centered higher educational community 19 19 197 30 0 0 912536 3132742 14382301 14339141 33236 28908 18829 169409 15346902 17670200 3389277 4370329 0 0 7440429 8077076 0 0 88795 5885278 5952433 16714984 18399838 -1368082 -729638 19056918 17944232 3641707 2757506 15415211 15186726 University of the Southwest is a Christ-centered educational community dedicated to developing men and women for a lifetime of servant leadership by emphasizing faith, responsibility, and initiative. 0 0 6960680 1185261 8862081 Graduate educational programs 6072778 3185068 4485892 Undergraduate educational programs 507914 991168 Residence halls and student meal programs 13541372 1 1 0 0 0 0 0 0 1 1 1 0 0 0 1 0 0 1 1 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 1 0 1 0 0 0 0 0 0 1 0 0 0 1 1314 0 1 197 1 0 0 0 0 0 0 0 0 0 0 0 0 X 19 19 1 0 0 0 0 0 1 1 1 0 0 1 1 0 1 1 1 1 1 0 X Paula Smith 5753926561 6610 North Lovington Hwy Suite 510 Hobbs NM 88240 Gary Eidson Chair / Vice Chair (through 9-20) 1.00 X X 0 0 0 Lee Roberson Vice-Chair 1.00 X X 0 0 0 R Finn Smith Chair (through 9-20) / Board Member 1.00 1.00 X X 0 0 0 Kristi Goodwin Secretary 1.00 X X 0 0 0 Laura Castillo Secretary(through 9-20)/Board Member 1.00 X X 0 0 0 Samuel S Spencer Jr Treasurer 1.00 1.00 X X 0 0 0 Sabrina Amador Treasurer(through 9-20)/Board Member 1.00 X X 0 0 0 Tate Branch Board Member 1.00 X 0 0 0 Ken Bromley Board Member 1.00 X 0 0 0 Cliff Brunson Board Member 1.00 X 0 0 0 Brad Caress Board Member 1.00 X 0 0 0 Elaine Sena Cortez Board Member 1.00 X 0 0 0 Heather Evans Board Member 1.00 X 0 0 0 Leanne Gandy Board Member 1.00 X 0 0 0 Will Hawkins Board Member 1.00 X 0 0 0 George Klein Board Member 1.00 X 0 0 0 James Lackey Board Member 1.00 X 0 0 0 Raul Quintana Board Member 1.00 X 0 0 0 Larry Scott Board Member 1.00 1.00 X 0 0 0 Michael Whitehead part year Board Member 1.00 X 0 0 0 Dr Quint Thurman President 40.00 1.00 X 332131 0 921 Steve Rachel VP/CFO 40.00 1.00 X 100627 0 19004 David Arnold Campus Steward 40.00 X 189712 0 20753 Ryan Tipton Provost/Dean/Faculty 40.00 X 223890 0 0 Jessica Becker Faculty 40.00 X 118502 0 9339 Daniel Castillo Faculty 40.00 X 130653 0 20553 Anna Hunt Dean/Faculty 40.00 X 132331 0 0 Mary Harris Faculty 40.00 X 109032 0 1100 Jeri Midgley Faculty 40.00 X 100766 0 15269 1437644 0 86939 9 0 1 0 USIM 3415 S Sepulveda Blvd Los Angeles CA 90034 Media Marketing 1234893 Great Western Dining PO Box 699 Tipton MO 65081 Food Services 380218 Provident Leasing PO Box 87618 Chicago IL 60680 Computer System 295596 3 304133 2270164 558445 3132742 Tuition Revenue 611310 13347973 13347973 Room and Board 611310 991168 991168 14339141 28908 28908 12896 12896 156513 156513 156513 17670200 14339141 0 198317 X 4370329 4370329 888632 376723 467960 43949 129175 129175 5076254 4587747 488010 497 1428726 956621 463159 8946 554289 429185 121595 3509 57347 57347 1979620 56232 1923388 15018 15018 1170515 384674 771442 14399 601684 300842 300842 335152 322022 13130 360593 358834 1759 627615 599714 27901 Food Service 395798 395798 0 0 Membership and Dues 163615 127000 34138 2477 Repairs and Maintenance 158401 128221 30180 0 Recruitment and other 87075 18255 68820 0 18399838 13541372 4769671 88795 10625 139434 828246 100868 123805 78271 909771 394954 25893 24518 26931714 11755429 15713008 15176285 1445570 1905387 124515 19056918 17944232 1609661 1568013 785983 651934 10110 10252 1235953 350000 0 177307 3641707 2757506 X 6166084 12979069 9249127 2207657 15415211 15186726 19056918 17944232 X -729638 376663 128971 -4481 X 0 1 X 1 1 1 X 1117732 1144155 986184 912536 3132742 7293349 1117732 1144155 986184 912536 3132742 7293349 1908951 5384398 99209 62030 75690 59741 41804 338474 6350 9170 125171 4350 156513 301554 7933377 71970369 0.67870 X Schedule A, Part II, Line 10, Explanation of Other Income: Event fees - 2016 Amount: $ 6,350. 2017 Amount: $ 9,170. 2018 Amount: $ 6,950. 2019 Amount: $ 4,350. Misc - 2018 Amount: $ 118,221. 2020 Amount: $ 156,513. 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 10399650 801340 2723401 321763 5838 13596790 9203185 1003 1470914 270218 5234 10399650 8684153 750 787125 258184 7659 9206185 7911502 6800 1006718 238593 5274 8681153 7001209 58500 1062254 201965 8494 7911504 0.64361 0.35639 0 1 1 1436016 1436016 22751547 9388609 13362938 2614319 2243181 371138 129832 123639 6193 15176285 Refunds to students 177307 177307 Part IV, Line 2b: The escrow accounts held funds designated for certain University club accounts that were earned through fundraisers. Part V, Line 4: The University uses the earnings from the endowed funds to award scholarships to students or fund the operations of the University in accordance with the intent of the donor. 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)(c). The organization's nondiscriminatory policy is published in the university's catalog and on website homepage. Schedule E, Part I, Line 6 Students attending University of the Southwest are eligible to receive Federal Title IV financial assistance administered through the University. New Mexico residents attending the University are eligible to receive financial assistance from the State of New Mexico administered through the University. The University also received financial assistance from the Higher Education Emergency Relief Funds (HEERF) and the Paycheck Protection Program as part of the CARES Act. 1 Tuition Grants / Scholarships 505 4152402 HEERF Funds 314 217927 Part I, Line 2: Financial assistance programs at the University are funded through a variety of sources. It is intended that the various financial assistance programs be used to recognize academic, athletic, servant leadership, and special achievement and to meet financial needs or provide self-help opportunities through student workstudy programs and parent/student loans. While it is not possible to guarantee that funding will be available for every needy applicant, the financial assistance programs at the University are designed to help cover the difference between the direct cost of attending the University and the student's own resources. Each application is reviewed based upon an individual assessment in order to determine the type of resources that will best serve the student. No cash changes hands and funds are directly tied to student accounts. X 1 1 X X X X X 0 0 0 0 0 0 0 0 0 Dr Quint Thurman President 314131 0 0 0 18000 0 0 0 4885 0 337016 0 0 0 Ryan Tipton Provost/Dean/Faculty 223890 0 0 0 0 0 0 0 2326 0 226216 0 0 0 David Arnold Campus Steward 189712 0 0 0 0 0 0 0 22539 0 212251 0 0 0 Daniel Castillo Faculty 130653 0 0 0 0 0 0 0 21527 0 152180 0 0 0 Part I, Line 1a Quint Thurman, President, received a taxable housing allowance. 7088 Need based scholarship tuition assistance Keisha Tipton Family member of Provost/Dean/Faculty 79465 Wages and benefits 0 Sarah Krohn Family member of President 49710 Wages and benefits 0 Form 990, Part VI, Section A, line 1 The Executive Committee consists of the officers of the Board of Trustees and the Committee Chairs. The Executive Committee has the authority to act on behalf of the Board. Form 990, Part VI, Section A, line 2 Larry Scott and R. Finn Smith have a business relationship. Larry Scott and Samuel S. Spencer Jr. have a business relationship. Form 990, Part VI, Section A, line 7b As described in Article IX of the Articles of Incorporation, if USW is dissolved, all property remaining after payment and discharge of its obligations shall be transferred to one or more other organizations that have been identified by the USW and USW Foundation Board of Directors upon consultation with and approval by the J.F Maddox Foundation Board of Directors. Form 990, Part VI, Section B, line 11b The Form 990 is prepared by an independent CPA firm and reviewed by the audit and finance committee of the Board of Trustees. A copy of the completed Form 990 is provided to all members of the Board of Trustees prior to filing the return. Form 990, Part VI, Section B, line 12c The University's established conflict of interest policy, which covers all trustees, directors, and officers but excludes key employees, requires that the covered individuals self-disclose conflicts annually. The signed statements are reviewed by the President's administrator. In addition, as specified in the policy, trustees, directors, and officers recuse themselves and/or are recused from decisions relating to areas of possible or perceived conflicts. The policy will be updated to include key employees so that Line 12b can be "yes" on future filings. Form 990, Part VI, Section B, line 15 Comparable data is consulted in establishing salary ranges for all officers and key employees. In no circumstance is any officer or key employee compensated at a rate exceeding peer institutions. Independent members of the board review and approve compenation for the President. The President reviews and approves compensation for the CFO and key employees. The approval process is documented in the applicable Human Resources files. Form 990, Part VI, Section C, line 19 The governing documents, conflict of interest policy, and financial statements are available upon request. Form 990, Part IX, line 11g Other fees: Program service expenses 56,232. Management and general expenses 105,509. Fundraising expenses 0. Total expenses 161,741. Professional fees: Program service expenses 0. Management and general expenses 1,817,879. Fundraising expenses 0. Total expenses 1,817,879. Form 990, Part XI, line 9: Change in oil and gas rights -4,481. University of the Southwest Foundation 6610 North Lovington Hwy Suite 510 Hobbs NM 88240 237424724 To support University of the Southwest NM 501(c)(3) Line 12d, III-O N/A 0 0 0 1 0 1 0 0 0 0 0 0 1 1 1 1 0 0 0 0