2022-05-16T11:49:33-05:00 2021-06-30 420714325 RSM US LLP 1001 WATER ST STE 500 TAMPA FL 33602 990 2020-07-01 540646523 SOUTHERN VIRGINIA UNIVERSITY SOUT 5402618453 ONE UNIVERSITY HILL DRIVE BUENA VISTA VA 24416 BRETT GARCIA CHIEF FINANCIAL OFFICER 5402618453 2022-05-12 1 BRETT GARCIA XXX-XX-XXXX KRISTEN BARNETT P01234578 8133162300 2022-05-09 3 AAL1 IAL1 2020 2022-09-23 18:48:47Z REED WILCOX ONE UNIVERSITY HILL DRIVE BUENA VISTA VA 24416 33403101 0 X WWW.SVU.EDU X 1867 VA TO PROVIDE A COMPREHENSIVE FOUR-YEAR LIBERAL ARTS EDUCATION. 20 19 814 28 76361 80 5067846 10806112 20075048 20968377 99260 388173 1533931 1145248 26776085 33307910 5312287 5567150 0 0 14425222 15331848 0 0 6215803 10683061 10139357 30420570 31038355 -3644485 2269555 37155964 39340161 20107973 20020442 17047991 19319719 X WE ARE A PRIVATE, SELF-RELIANT, RESIDENTIAL UNIVERSITY ALIGNED WITH THE CHURCH OF JESUS CHRIST OF LATTER-DAY SAINTS AND ITS PRINCIPLES AND VALUES.OUR MISSION IS TO GATHER FAITHFUL LATTER-DAY SAINTS AND LIKE-MINDED STUDENTS, LIFT THEM IN INTELLECT, CHARACTER, AND SPIRITUALITY, AND LAUNCH THEM INTO SUCCESSFUL LIVES AND CAREERS. 0 0 20237858 5567150 22037264 SOUTHERN VIRGINIA UNIVERSITY IS A PRIVATE, NON-PROFIT, RESIDENTIAL FOUR-YEAR UNIVERSITY WHICH SERVED APPROXIMATELY 1,140 FULL AND PART-TIME STUDENTS PER SEMESTER IN THE ACADEMIC YEAR 2020-2021. DURING THE 2020-21 ACADEMIC YEAR 174 STUDENTS GRADUATED WITH BACHELORS DEGREES. 20237858 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 1 1515 0 1 814 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 20 19 1 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 0 0 VA X TRENTON DESPAIN 5402618453 ONE UNIVERSITY HILL DRIVE BUENA VISTA VA 24416 REED WILCOX PRESIDENT 40.00 X X 188972 0 40139 HUGH REDD CHAIRMAN 5.00 X X 0 0 0 ANN CHRISTENSEN VICE CHAIR 1.00 X X 0 0 0 JIM SKEEN SECRETARY 1.00 X X 0 0 0 AARON ELTON TRUSTEE 1.00 X 0 0 0 AHMAD CORBITT TRUSTEE 1.00 X 0 0 0 ALAN OLSEN TRUSTEE 1.00 X 0 0 0 ANN MARIE JOHNSON TRUSTEE 1.00 X 0 0 0 BIANCA LISONBEE TRUSTEE 1.00 X 0 0 0 BRUCE OLSEN TRUSTEE 1.00 X 0 0 0 STANFORD D STODDARD TRUSTEE 1.00 X 0 0 0 DEBRA HUBER TRUSTEE 1.00 X 0 0 0 ERIC DENNA TRUSTEE 1.00 X 0 0 0 GREG SCOTT TRUSTEE 1.00 X 0 0 0 JEFF COTTON TRUSTEE 1.00 X 0 0 0 JOHN LAVITAR TRUSTEE 1.00 X 0 0 0 JOHN WHEATLEY TRUSTEE 1.00 X 0 0 0 LAURA WHITELY TRUSTEE 1.00 X 0 0 0 MARK FUCHS TRUSTEE 1.00 X 0 0 0 NELSON KNIGHT TRUSTEE 1.00 X 0 0 0 WENDY KIMBER TRUSTEE 1.00 X 0 0 0 DANE C MCBRIDE TRUSTEE 1.00 X 0 0 0 JUSTIN KNIGHT TRUSTEE 1.00 X 0 0 0 DAVID WEIDMAN TRUSTEE 1.00 X 0 0 0 SCOTT MCKEON TRUSTEE 1.00 X 0 0 0 JEREMIAH JOHN PROVOST 40.00 X 105999 0 47736 BRETT GARCIA CFO 40.00 X 127846 0 22936 CHRISTOPHER PENDLETON CHIEF MARKETING OFFICER 40.00 X 124139 0 17855 EDWIN MULITALO HEAD FOOTBALL COACH 40.00 X 103276 0 18129 650232 0 146795 9 0 1 0 SYNERGY CAMPUS SECURITY PO BOX 1224 LAGRANGE GA 30241 SECURITY 174756 APPLE INC CO APPLE FINANCE SERVICES 23801 CALABASAS ROAD SUITE 101 CALABASAS CA 91302 APPLE REPAIRS 131319 RSM US LLP 5155 PAYSPHERE CIRCLE CHICAGO IL 60674 AUDIT SERVICES 113501 3 6695031 4111081 739945 10806112 TUITION & FEES 611600 18426622 18426622 HOUSING & AUX ENTERP. 611600 2537158 2537158 SPECIAL PROGRAMS 611600 4597 4597 20968377 80821 80821 352358 45006 307352 307352 307352 1094409 50185 1044224 970512 73712 FEDERAL WORK STUDY 611600 43157 43157 LIBRARY INCOME 611600 36680 36680 MISCELLANEOUS 611600 12960 12960 8227 5578 2649 101024 33307910 22037264 76361 388173 5567150 5567150 322418 228484 24786 69148 11760139 8279359 963330 2517450 263407 193650 12662 57095 2244735 1650273 107904 486558 741149 544874 35627 160648 34659 3754 30905 186789 20233 166556 111880 12119 99761 136671 71446 436 64789 1090751 607703 196984 286064 2796899 695448 1608631 492820 325767 170297 1040 154430 867535 320220 422405 124910 2474257 913284 1204722 356251 FOOD SERVICE 937616 344523 2411 590682 STUDENT ACTIVITIES 55253 28884 176 26193 1121280 586157 3580 531543 31038355 20237858 4584694 6215803 235116 5503 1101260 3549255 5661268 3452321 569832 551170 214685 214357 11096 12910 215141 299683 50328673 22636795 27444018 27691878 1150908 1464893 90000 90000 111280 111280 351360 1896911 37155964 39340161 2440615 2037190 469302 341030 13977035 12809402 352464 1703975 2868557 3128845 20107973 20020442 X 7313082 11227264 9734909 8092455 17047991 19319719 37155964 39340161 X 2269555 5331 -3158 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1311297 270483 401637 12250 20923 9775 1940469 1259887 99642 -1420 46613 1311496 1450211 416 -10740 180000 1259887 1283463 27668 139080 1450211 1086722 69929 126812 1283463 0.20000 0.80000 0.00000 0 0 31065029 12099940 18965089 11878987 7707461 4171526 7384657 2829394 4555263 27691878 OBLIGATION UNDER CAPITAL LEASE 3108447 DEPOSIT 17272 ANNUITY PAYABLE 3126 3128845 X 27798768 5331 5650 -5567659 -5556678 33355446 -47536 -47536 33307910 25527040 5650 50185 55835 25471205 5567150 5567150 31038355 PART V, LINE 4: SOUTHERN VIRGINIA UNIVERSITY'S ENDOWMENT CONSISTS OF INDIVIDUAL FUNDS ESTABLISHED FOR A VARIETY OF PURPOSES, PRIMARILY THEY SUPPORT STUDENT SCHOLARSHIPS. PART X, LINE 2: THE UNIVERSITY HAS A TAX DETERMINATION LETTER FROM THE INTERNAL REVENUE SERVICE THAT STATES IT QUALIFIES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND IS EXEMPT FROM FEDERAL INCOME TAXES. ACCORDINGLY, NO PROVISION FOR INCOME TAXES HAS BEEN MADE IN THE ACCOMPANYING FINANCIAL STATEMENTS. MANAGEMENT HAS EVALUATED THE UNIVERSITY'S TAX POSITIONS AND HAS CONCLUDED THAT THE UNIVERSITY HAS TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT TO THE FINANCIAL STATEMENTS TO COMPLY WITH THE PROVISIONS OF THIS INTERNAL REVENUE CODE GUIDANCE. THE UNIVERSITY FILES TAX RETURNS WITH U.S. FEDERAL AND VIRGINIA TAX AUTHORITIES. PART XI, LINE 2D - OTHER ADJUSTMENTS: SCHOLARSHIP ALLOWANCES, NETTED WITH TUITION AND FEES -5,567,150. ACTUARIAL LOSS ON ANNUITY OBLIGATION -509. PART XI, LINE 4B - OTHER ADJUSTMENTS: COST OF GOODS SOLD REPORTED ON PART VIII -50,185. RUSSELL CLARK REALTY CO. K-1 (NOT INCLUDED IN FINANCIAL STATEMENTS) 2,649. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD REPORTED ON PART VIII 50,185. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIP ALLOWANCES, NETTED WITH TUITION AND FEES 5,567,150. 1 1 0 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 SOUTHERN VIRGINIA UNIVERSITY DRAWS A SUBSTANTIAL PERCENTAGE OF ITS STUDENTS FROM AREAS NOT WITHIN ITS IMMEDIATE VICINITY. IT FOLLOWS A RACIALLY NONDISCRIMINATORY POLICY AS TO STUDENTS. THEREFORE, IT IS NOT REQUIRED TO PUBLISH ITS RACIALLY NONDISCRIMINATORY POLICY THROUGH THE NEWSPAPER OR THE BROADCAST MEDIA. AS REQUIRED BY REVENUE PROCEDURE 75-50, SOUTHERN VIRGINIA UNIVERSITY INCLUDES A STATEMENT OF ITS RACIALLY NONDISCRIMINATORY POLICY IN ALL OF ITS BROCHURES AND CATALOGUES DEALING WITH STUDENT ADMISSIONS, SOLICITATION, PROGRAMS AND SCHOLARSHIPS. SCHEDULE E, PART I, LINE 6 THE UNIVERSITY RECEIVED FUNDS FROM THE FOLLOWING US DEPARTMENT OF EDUCATION DIRECT PROGRAMS: US DEPARTMENT OF EDUCATION DIRECT LOAN PROGRAM, FEDERAL PELL GRANT PROGRAM, FEDERAL WORK STUDY, AND THE FEDERAL SUPPLEMENTAL EDUCATION OPPORTUNITY GRANT PROGRAM. THE UNIVERSITY RECEIVED FUNDS UNDER THE FOLLOWING COMMONWEALTH OF VIRGINIA PROGRAM: VIRGINIA TUITION ASSISTANCE GRANT. 1 NEED BASED GRANTS 708 1566305 RETURNED MISSIONARY SCHOLARSHIPS 546 809523 TALENT SCHOLARSHIPS 425 711930 VARIOUS OTHER 37 34634 ACADEMIC SCHOLARSHIPS 1092 2444758 PART I, LINE 2: A SIGNIFICANT PORTION OF INSTITUTIONAL AID AWARDED TO STUDENTS IS BASED ON ACADEMIC MERIT, FOR WHICH THE UNIVERSITY HAS A PREDETERMINED GRID THAT PROVIDES THE AMOUNTS TO BE AWARDED BASED ON THE STUDENT'S ACTUAL GPA AND TEST SCORES AND, AS NEEDED, EVALUATION BY THE UNIVERSITY'S SCHOLARSHIP COMMITTEE. OTHER INSTITUTIONAL AID CONSISTS OF RETURNED MISSIONARY SCHOLARSHIPS, TALENT, AND OTHER NEED-BASED GRANTS. RETURNED MISSIONARY SCHOLARSHIPS ARE AWARDED PER YEAR TO ALL FULL-TIME STUDENTS WHO HAVE COMPLETED A MISSION FOR THE CHURCH OF JESUS CHRIST OF LATTER-DAY SAINTS OR SIMILAR SERVICE. TALENT SCHOLARSHIPS ARE AWARDED IN VARIOUS AMOUNTS, TYPICALLY BETWEEN $500 AND $2,000 PER STUDENT, AND ARE AWARDED BASED ON THE NOMINATION OF THE UNIVERSITY FACULTY, ART/THEATRE/MUSIC DIRECTOR, ETC. AND APPROVAL OF THE FINANCIAL AID COMMITTEE. UNIVERSITY NEED BASED GRANTS AND VARIOUS OTHER GRANTS ARE AWARDED AS DETERMINED BY THE FINANCIAL AID DIRECTOR. FEDERAL & STATE GRANTS, INCLUDING PELL, AND SEOG ARE AWARDED TO STUDENTS WHO COMPLETE THE FREE APPLICATION FOR FEDERAL STUDENT AID (FAFSA) AND MEET THE VARIOUS QUALIFICATIONS. FEDERAL AND STATE GRANTS ARE VERIFIED INTERNALLY BY OUR FINANCIAL AID STAFF AS DICTATED BY APPLICABLE REGULATION. X 1 1 X X X 0 0 0 0 0 0 0 0 0 REED WILCOX PRESIDENT 187118 0 0 0 1854 0 16431 0 23708 0 229111 0 0 0 JEREMIAH JOHN PROVOST 105819 0 0 0 180 0 6387 0 41349 0 153735 0 0 0 BRETT GARCIA CFO 127726 0 0 0 120 0 11808 0 11128 0 150782 0 0 0 PART I, LINE 1A THE ORGANIZATION'S PRESIDENT RECEIVED EMPLOYER PROVIDED HOUSING IN THE AMOUNT OF $10,800 DURING 2020. THIS AMOUNT WAS CONSIDERED NONTAXABLE TO THE EMPLOYEE. JAMES SKEEN CORPORATE SECRETARY 37114 LEGAL FEES 0 RACHEL WILCOX DAUGHTER OF REED WILCOX 49189 EDUCATION FEES 0 DALLIN WILCOX SON OF REED WILCOX 69188 MARKETING FEES 0 SCHEDULE L, PART IV: JAMES SKEEN'S LAW FIRM SERVED AS THE UNIVERSITY'S ATTORNEY IN SEVERAL MATTERS WHERE THE FIRM HAD PARTICULAR EXPERTISE.RACHEL WILCOX IS EMPLOYED BY THE UNIVERSITY AS AN ASSISTANT DIRECTOR OF WRITING AND TEACHES LEGAL/CONSTITUTIONAL ISSUES AS A FACULTY MEMBER.DALLIN WILCOX IS EMPLOYED BY THE UNIVERSITY IN THE COMMUNICATIONS AND MARKETING OFFICE. X 6 739945 FMV 0 0 1 0 FORM 990, PART VI, SECTION A, LINE 2 JAMES E. SKEEN, CORPORATE SECRETARY AND DANE C. MCBRIDE, TRUSTEE: FAMILY RELATIONSHIP. FORM 990, PART VI, SECTION B, LINE 11B THE FINANCE COMMITTEE OF THE BOARD REVIEWS THE FULL RETURN BEFORE FILING. THE FULL BOARD IS FURNISHED A COPY OF THE RETURN, WITHOUT SCHEDULE B TO PRESERVE DONOR CONFIDENTIALITY, PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C OFFICERS, DIRECTORS AND TRUSTEES ARE REQUIRED, BY POLICY, TO DISCLOSE ANY CONFLICTS OF INTEREST THAT MAY, TO THE BEST OF THEIR KNOWLEDGE, EXIST OR POTENTIALLY EXIST BY VIRTUE OF ANY BUSINESS OF OTHER ARRANGEMENT THEY MAY HAVE WITH THE UNIVERSITY OR OTHER CIRCUMSTANCES, IN WHICH THE UNIVERSITY MAY BENEFIT THEM ECONOMICALLY (OTHER THAN THROUGH THEIR EMPLOYMENT BY THE UNIVERSITY), AND ALL SITUATIONS IN WHICH THEY MAY COMPETE WITH THE UNIVERSITY IN ANY WAY. THE UNIVERSITY DOES MONITOR AND ENFORCE THIS POLICY BY EXPECTING OFFICERS, DIRECTORS, AND TRUSTEES TO REPORT ACCORDINGLY AND PREPARES AN ANNUAL WRITTEN REPORT FORM FOR SUCH REPORTING. THE FORM REQUESTS ALL OFFICERS, DIRECTORS AND TRUSTEES TO PROVIDE INFORMATION ABOUT POTENTIAL CONFLICTS OF INTEREST. THE UNIVERSITY ALSO REQUESTS THAT EACH OFFICER, DIRECTOR AND TRUSTEE SELF REPORT ANY POTENTIAL CONFLICTS OF INTEREST THAT MAY OCCUR DURING THE YEAR. FORM 990, PART VI, SECTION B, LINE 15A THE CEO/PRESIDENT'S COMPENSATION IS DETERMINED BY THE BOARD. UPON REQUEST, THE BOARD CHAIRMAN IS PROVIDED WITH COMPARABILITY DATA FROM VARIOUS PROFESSIONAL SALARY SURVEYS TO ASSIST IN THAT DETERMINATION. THE COMPENSATION FOR OTHER TOP MANAGEMENT OFFICIALS IS DETERMINED BY THE CEO/PRESIDENT. HE/SHE IS ALSO PROVIDED WITH COMPARABLE SALARY SURVEY DATA FOR THIS PURPOSE, UPON REQUEST. FORM 990, PART VI, SECTION C, LINE 18 DOCUMENTS REQUIRED TO BE AVAILABLE FOR PUBLIC INSPECTION MAY BE OBTAINED UPON REQUEST TO THE UNIVERSITY. THESE DOCUMENTS ARE AVAILABLE FOR THE SAME PERIOD OF DISCLOSURE AS REQUIRED IN SECTION 6104(D). FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE NOT AVAILABLE TO THE PUBLIC. FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC THROUGH VARIOUS THIRD PARTY (INCLUDING GOVERNMENT) WEB SITES. FORM 990, PART XI, LINE 9: RUSSELL CLARK REALTY CO. K-1 NOT INCLUDED IN FINANCIAL STATEMENTS -2,649. ACTUARIAL LOSS ON ANNUITY OBLIGATION -509. FORM 990, PART XII, LINE 2C: THE PROCESS FOR OVERSEEING THE AUDIT OF THE FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT THAT AUDITED THE FINANCIAL STATEMENTS HAS BEEN CONSISTENT WITH PRIOR YEARS.