2022-11-14T14:18:02-06:00 2022-05-31 363990892 Capin Crouse LLP 2435 Research Parkway STE 200 Colorado Springs CO 80920 990 2021-06-01 850164940 University of the Southwest UNIV 5753926561 6610 North Lovington Hwy 510 Hobbs NM 88240 Dr Ryan Tipton President 5753926561 2022-11-14 1 Dr Ryan Tipton 999009999 Daren Daiga P01074795 5055022746 3 AAL1 IAL1 2021 2022-09-23 18:48:47Z Dr Ryan Tipton 6610 North Lovington Hwy 510 Hobbs NM 88240 18609239 0 X www.usw.edu X 1962 NM Christ-centered higher educational community 18 18 174 30 0 0 3132742 3036128 14339141 15168566 28908 210789 169409 145220 17670200 18560703 4370329 4802933 0 0 8077076 7746001 0 0 89406 5952433 6192476 18399838 18741410 -729638 -180707 17944232 18198087 2757506 3425212 15186726 14772875 X 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 7696909 4052903 5907069 USW offers undergraduate level programs in the fields of business, education, and arts and sciences. Degrees offered include BBA, BSE, BS, and BA. To complement the undergraduate degree programs, student organizations and activities include professional, academic honor, Christian ministry, civic, and cultural experiences. The University also supports intramural sports programming where students, staff, and faculty are welcome to participate. Athletic programming includes: Baseball, Softball, Mens and Womens Basketball, Mens and Womens Soccer, Volleyball, Cross Country, and Golf. As a University grounded in Christian principles, USW offers a prison seminary program for incarcerated individuals wishing to pursue an undergraduate degree meant to prepare the individual to effect positive community change through best practices in leadership, communication, ethics, and Christian studies. 5492690 750030 7688939 USW offers graduate level programs in the fields of business, education, and arts and sciences. Degrees offered include MBA, DBA, MSE, EdD, MS, MA, and Dmin. The USW College of Business functions as an educational catalyst for positive social change by developing business leaders, entrepreneurs, and executives dedicated to applying servant leadership principles in free enterprise operations. The USW College of Education mission is to immerse candidates in authentic professional learning through a rigorous and innovative curriculum that leverages their strenghts and empowers them to be reflective professionals who are committed to equity and serving their students, families, and communities from an asset-based perspective. The USW College of Arts & Sciences is dedicated to providing the highest quality education in a wide range of academic disciplines to offer a deeper understanding of life, meaning, purpose, and knowledge while developing analytical and critical thinking skills on a path to being servant leaders in their vocations. 1119457 1572558 Residence halls, apartments, and student meal programs are available for undergraduate students. 14309056 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 0 0 1 0 0 0 0 0 0 1 0 0 0 1 1505 0 1 174 1 0 0 0 0 0 0 0 0 0 0 0 0 X 18 18 1 0 0 0 0 0 1 1 1 0 0 1 1 1 1 1 1 1 1 0 X Paula Smith 5753926561 6610 North Lovington Hwy 510 Hobbs NM 88240 Gary Eidson Chair 1.00 X X 0 0 0 Lee Roberson Vice-Chair 1.00 X X 0 0 0 Kristi Goodwin Secretary 1.00 X X 0 0 0 Samuel S Spencer Jr Treasurer 1.00 1.00 X X 0 0 0 Sabrina Amador 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 Laura Castillo 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 George Klein Board Member 1.00 X 0 0 0 James Lackey Board Member 1.00 X 0 0 0 T J Parks 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 Brian Snider Bboard Member 1.00 X 0 0 0 R Finn Smith part year Board Member 1.00 1.00 X 0 0 0 Tate Branch part year Board Member 1.00 X 0 0 0 Dr Quint Thurman President 40.00 1.00 X 213672 0 781 Paula Smith VP/CFO 40.00 1.00 X 19846 0 0 Steve Rachel part year VP/CFO 40.00 1.00 X 97314 0 9679 David Arnold Campus Steward 40.00 X 209372 0 20815 Dr Ryan Tipton Provost/Dean/Faculty 40.00 X 219900 0 0 Daniel Castillo Faculty 40.00 X 117534 0 20815 Anna Hunt Dean/Faculty 40.00 X 137233 0 0 Mary Harris Faculty 40.00 X 111213 0 0 Sandra Johnson Faculty 40.00 X 120754 0 399 Keisha Tipton Assoc. Dean/Faculty 40.00 X 113373 0 0 1360211 0 52489 9 0 1 0 USIM 3415 S Sepulveda Blvd Los Angeles CA 90034 Media Marketing 1199261 Great Western Dining PO Box 699 Tipton MO 65081 Food Services 507673 Provident Leasing PO Box 87618 Chicago IL 60680 Computer System 269045 M&M Tours PO Box 1349 Hobbs NM 88241 Transportation 141890 4 350221 1618336 1067571 4002 3036128 Tuition Revenue 611310 13596008 13596008 Room and Board 611310 1572558 1572558 15168566 27773 27773 25503 25503 231552 48536 183016 183016 183016 119717 119717 119717 18560703 15168566 0 356009 X 4802933 4802933 754050 429710 324340 170606 170606 5022881 4387671 592287 42923 1275436 1026710 239666 9060 523028 433845 85786 3397 93369 93369 1905949 107501 1798448 21097 21097 1126750 455607 660999 10144 717378 358689 358689 365110 347607 17503 438047 424192 13855 634588 602859 31729 Food Service 503061 503061 Membership and Dues 169233 134946 31502 2785 Repairs and Maintenance 131882 108605 23277 Recruitment and other 86012 14514 71498 18741410 14309056 4342948 89406 139434 132031 100868 712446 78271 335852 394954 287957 24518 11784 26341754 11371958 15176285 14969796 1905387 1612554 124515 135667 17944232 18198087 1568013 1342129 651934 788693 10252 350000 177307 1294390 2757506 3425212 X 12979069 13505433 2207657 1267442 15186726 14772875 17944232 18198087 X -180707 -244296 11152 X 0 1 X 1 1 1 X 1144155 986184 912536 3132742 3036128 9211745 1144155 986184 912536 3132742 3036128 9211745 1912721 7299024 62030 75690 59741 41804 53276 292541 118221 156513 119717 394451 9898737 72472090 0.73740 0.67870 X Schedule A, Part II, Line 10, Explanation of Other Income: Misc - 2018 Amount: $ 118,221. 2020 Amount: $ 156,513. 2021 Amount: $ 119,717. 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 13596790 58552 -215759 522646 75695 4969 12836273 10399650 801340 2723401 321763 5838 13596790 9203185 1003 1470914 270218 5234 10399650 8684153 750 787125 258184 7659 9206185 7911502 6800 1006718 238593 5274 8681153 0.65476 0.34524 0 1 1 1364515 1364515 22942782 9828469 13114313 1904625 1417634 486991 129832 125855 3977 14969796 Refunds to students 3750 Payable to related party 1290640 1294390 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 endowment is held by both the University and its supporting organization, University of the Southwest Foundation. 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 University has updated the website homepage to be in full compliance with the Rev. Proc. 2019-22 standards in order to check yes to Line 3 on future Form 990s. The organization's nondiscriminatory policy is published in the university's catalog and on its website. 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) as part of the CARES Act. 1 Tuition Grants / Scholarships 679 4111000 HEERF Funds 1008 691933 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 applied to student accounts. X 1 1 X X X X X 0 0 0 0 0 0 0 0 0 David Arnold Campus Steward 209372 0 0 0 0 0 0 0 22308 0 231680 0 0 0 Dr Ryan Tipton Provost/Dean/Faculty 219900 0 0 0 0 0 0 0 2148 0 222048 0 0 0 Dr Quint Thurman President 195672 0 0 0 18000 0 0 0 3991 0 217663 0 0 0 Part I, Line 1a Dr. Quint Thurman, President, received a taxable housing allowance. Keisha Tipton Family member of Provost/Dean/Faculty 118183 Wages and benefits 0 Sarah Krohn Family member of President 52423 Wages and benefits 0 Form 990, Part VI, Section A, line 1a 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 Paula Smith and R. Finn Smith have a family relationship. Larry Scott, Paula Smith 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 in detail by the CFO. The reviewed 990 is then reviewed 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, officers and 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, officers and key employees recuse themselves and/or are recused from decisions relating to areas of possible or perceived conflicts. 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, including the compensation committee, review and approve compensation for the President. The President reviews and approves compensation for the CFO. The President and CFO review and approve compensation for 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 107,501. Management and general expenses 47,470. Fundraising expenses 0. Total expenses 154,971. Professional fees: Program service expenses 0. Management and general expenses 1,750,978. Fundraising expenses 0. Total expenses 1,750,978. Form 990, Part XI, line 9: Change in oil and gas rights 11,152. 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 0 1 1 0 0 0 0