2022-05-16T17:07:43-05:00 2021-06-30 363990892 Capin Crouse LLP 1255 Lakes Parkway Suite 105 Lawrenceville GA 30043 990 2020-07-01 570324936 Southern Wesleyan University SOUT 8646445024 907 Wesleyan Drive Central SC 29630 D Ken Whitener VP for Auxiliary Services 8646445024 2022-05-16 1 D Ken Whitener 999009999 Ted R Batson Jr P00721951 5055022746 0 AAL1 IAL1 2020 2022-09-23 18:48:47Z William Crothers 907 Wesleyan Drive Central SC 29630 34068570 0 X www.swu.edu/ X 1909 SC Challenging students to be dedicated scholars and leaders who impact the world for Christ. 33 33 621 33 42581 5816 0 5842583 0 27498617 0 191010 0 508478 0 34040688 0 9494515 0 0 0 11293229 0 0 511902 0 11811849 0 32599593 0 1441095 39920024 41257690 8769068 7760184 31150956 33497506 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 27471346 9494515 27456036 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). 27471346 1 1 0 0 0 0 0 0 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 0 0 0 0 0 1 0 0 0 1 1880 0 1 621 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 33 33 0 0 0 0 1 1 1 1 1 0 0 0 1 1 1 1 1 1 1 0 SC X Devon Broome 8646445024 907 Wesleyan Drive Central SC 29630 Dr Todd S Voss President 37.50 X 164865 0 45690 Mr Roger House PY Trustee Interim VP for Finance/CFO/Treasurer 37.50 X 49597 0 0 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 Dr Daniel A Berry Secretary 1.00 X 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 Rev J Wesley Brown 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 Joseph R Dongell 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 Rev Jonathan W Lewis 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 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 214462 0 45690 1 0 1 0 Pioneer College Caterers Inc 303 Glenrose Avenue Nashville TN 37210 Food Services 1167248 Crawford Strategy LLC 201 W McBee Avenue Suite 150 Greenville SC 29601 Marketing Services 682526 The Budd Group 2620 River Road Greenville SC 29673 Custodial Services 430816 Vernon Miller Builders LLC 396 Sam Brown Road Seneca SC 29678 Construction Services 351429 Miller HVAC Services Inc 306 East Frontage Road Greer SC 29651 HVAC Services 178881 8 22098 1353505 3118675 1348305 14195 5842583 Tuition and fees 611310 23311374 23311374 Auxiliary services 611310 4187243 4144662 42581 27498617 14939 14939 297822 14974 282848 282848 282848 176491 0 420 176491 -420 176071 176071 14733 22098 12488 2245 2245 223385 223385 223385 34040688 27456036 42581 699488 9494515 9494515 362081 283292 70751 8038 9109177 7422921 1342438 343818 227085 180801 36551 9733 905264 751031 112402 41831 689622 562369 102900 24353 102902 102902 59904 59904 2324516 1921166 403226 124 633991 628875 5116 1932633 1313798 551226 67609 712456 98949 612815 692 1049172 772912 276253 7 476325 419066 48378 8881 4333 3370 293 670 207846 192616 15230 1294303 1199464 94839 341788 142564 199224 Custodian, Maintenance, 1923952 1782976 140976 Bad Debt 134639 134639 Bond Closing Amortizati 13018 13018 600071 300661 298380 1030 32599593 27471346 4616345 511902 6461766 6575962 84792 99119 617757 565091 391570 856587 46607869 22158688 24605806 24449181 3966120 4672238 3792213 4039512 39920024 41257690 1360109 1235234 1332535 1134474 5131472 4560490 944952 829986 8769068 7760184 X 20864557 22108268 10286399 11389238 31150956 33497506 39920024 41257690 1441095 905455 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). According to the IRS, 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 of 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. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 6696785 372653 872166 110400 7831204 6818890 327880 -370002 79983 6696785 0.04120 0.95880 0.00000 0 0 4564229 4564229 33118811 15430645 17688166 7885344 6643605 1241739 1039485 84438 955047 24449181 Fixed Income Securities 87644 C Real Estate 3951868 C 4039512 Deposits held in custody 333459 Capital Lease Obligations 263005 US Government Grants refundable 233522 829986 25969043 905455 27462 932917 25036126 9004562 9004562 34040688 23622493 27462 27462 23595031 9004562 9004562 32599593 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 12,488. Rent Expense 14,974. Part XI, Line 4b - Other Adjustments: Scholarships 9,004,562. Part XII, Line 2d - Other Adjustments: Fundraising Expense 12,488. Rent Expense 14,974. Part XII, Line 4b - Other Adjustments: Scholarships 9,004,562. 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 The University received multiple federal awards from the Department of Education in the form of student financial aid including financial assistance from the Higher Education Emergency Relief Funds (HEERF) as part of the CARES Act. This includes grant programs as well as government loans for students (used towards the cost of attendance at the University). PB Wood Warrior Open 18025 10815 7210 1480 3160 877 Sporting Clay Classic 18806 11283 7523 2000 1326 3645 36831 22098 14733 1480 5160 1326 4522 12488 2245 1 Scholarships 1006 9004562 HEERF Grants 615 489953 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 1 1 X X 0 0 0 0 0 0 0 0 0 Dr Todd S Voss President 164865 0 0 0 0 0 5024 0 42072 0 211961 0 0 0 Part I, Line 1a 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. A South Carolina Jobs-Economic Development Authority 570960018 2013-12-16 9279000 Refinance of 1999 and 2004 bonds 0 0 0 A 4619000 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 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 1 The Executive Committee shall be composed of the Chair of the Board of Trustees, the Vice-Chair, Secretary, Treasurer, and CEO 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 CEO, 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 President, Board Chairman, and Chairman of the Finance Committee prior to filing with the IRS. Southern Wesleyan University is not required to file the Form 990 with the IRS and has elected not to file 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 Yes 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0