2021-03-19T15:43:31-05:00 2020-06-30 BKD LLP 1400 Meadowbrook Road Suite 300 Jackson MS 392116349 990 2019-07-01 640303069 Belhaven University % JESSICA SUMRALL BELH 6019688705 1500 Peachtree Street Jackson MS 39202 ROGER PARROTT PRESIDENT 6019688773 2021-04-15 true Mary F Overstreet CPA P01270094 6019486700 2019 2022-09-23 18:48:47Z ROGER PARROTT 1500 Peachtree Street Jackson MS 39202 62774408 false X WWW.BELHAVEN.EDU X 1883 MS BELHAVEN UNIVERSITY (BELHAVEN) IS A CHRISTIAN LIBERAL ARTS UNIVERSITY DEDICATED TO EXCELLENCE IN CHRISTIAN HIGHER EDUCATION. 29 27 1317 28 98888 0 4111536 7904650 57044728 54683961 88901 -377579 798512 326494 62043677 62537526 12554273 11418409 0 0 29519674 25861616 0 0 453541 22011701 17968653 64085648 55248678 -2041971 7288848 66226689 66855068 32718780 26559812 33507909 40295256 BELHAVEN UNIVERSITY PREPARES STUDENTS ACADEMICALLY AND SPIRITUALLY TO SERVE JESUS CHRIST IN THEIR CAREERS, IN HUMAN RELATIONSHIPS, AND IN THE WORLD OF IDEAS. false false 40806690 11418409 50387260 BELHAVEN UNIVERSITY (BELHAVEN), IS A CHRISTIAN LIBERAL ARTS UNIVERSITY DEDICATED TO EXCELLENCE IN CHRISTIAN HIGHER EDUCATION. BELHAVEN'S RICH LEGACY WITH A CHRISTIAN CURRICULUM IS CENTERED ON THE BIBLICAL WORLDVIEW. THIS UNIQUE WORLDVIEW CURRICULUM SEAMLESSLY INTERTWINES HISTORY, LITERATURE, ART, MUSIC, AND PHILOSOPHY INTO A CHRONOLOGICAL CORE CURRICULUM FOR ALL INCOMING FRESHMEN AND SOPHOMORES. BELHAVEN HAS RECEIVED NATIONAL RECOGNITION FOR ITS ACADEMIC PROGRAMS AND AFFORDABILITY, AND THE COLLEGE HAS EARNED REGIONAL ACCREDITATION BY THE COMMISSION ON COLLEGES OF THE SOUTHERN ASSOCIATION OF COLLEGES AND SCHOOLS (SACS). BELHAVEN IS NATIONALLY ACCREDITED IN ALL FOUR OF THE ARTS: DANCE, MUSIC, THEATRE, AND VISUAL ART. OFFERING 70 AREAS OF STUDY INCLUDING ACADEMIC MAJORS AND CONCENTRATIONS AND A 12:1 STUDENT TO FACULTY RATIO FOR THE TRADITIONAL UNDERGRADUATE PROGRAM, BELHAVEN PROVIDES A CLOSE-KNIT LEARNING COMMUNITY WHERE STUDENTS SEE THE COLLEGE'S VISION AND MISSION LIVED OUT IN THE LIVES OF FACULTY MEMBERS. ACCREDITED ONLINE DEGREE PROGRAMS ARE ALSO AVAILABLE FOR STUDENTS WHO DESIRE DISTANCE LEARNING WITH A CHRISTIAN CURRICULUM. BELHAVEN HAS AN ENROLLMENT OF APPROXIMATELY 6,500 STUDENTS, INCLUDING APPROXIMATELY 5,500 STUDENTS ENROLLED IN ITS NONTRADITIONAL PROGRAM. 2515370 4479085 AUXILIARY EXPENSES-DORMITORIES, CAFETERIA, VENDING MACHINES, BOOKSTORE AND POST OFFICE. 43322060 true true false false false false false true false true true false false false true false true false true false false false true false false false false false true true false false false true false false false true true false false false false false false false false false 63 0 1317 true true true false false false false false false false false false false false false false false X 29 27 true false false false false false false true true false false true true true true true true true false false X JESSICA SUMRALL 6019688773 1500 PEACHTREE STREET JACKSON MS 39202 Roger Parrott President 40.0 0.0 X 453230 0 111072 David Tarrant CFO 40.0 0.0 X 152183 0 18955 Bradford M Smith Provost 40.0 0.0 X 156600 0 9919 Kevin Russell VP for Enrollment & Univ Mktg 40.0 0.0 X 145061 0 19490 Audrey Kelleher VP for Adult & Grad Enrollment 40.0 0.0 X 147198 0 9320 Scott Little VP for Stud Affairs & Athletic 40.0 0.0 X 131280 0 9583 Jeffrey L Rickels VP for University Advancement 40.0 0.0 X 123395 0 13395 Samuel McCorkle Head Football 40.0 0.0 X 111674 0 8687 David Hand Dean 40.0 0.0 X 101019 0 13665 Amy Rex Smith Dean 40.0 0.0 X 103666 0 6677 James M Bateman Trustee 1.0 0.0 X 0 0 0 L Forrest Berry Trustee 1.0 0.0 X 0 0 0 Kevin Brown Trustee 1.0 0.0 X 0 0 0 Charles Cannada Trustee 1.0 0.0 X 0 0 0 Samuel M Lane Trustee 1.0 0.0 X 0 0 0 Charles Doty Trustee 1.0 0.0 X 0 0 0 Stephen M Edwards Trustee 1.0 0.0 X 0 0 0 F Earl Fyke III Trustee 1.0 0.0 X 0 0 0 Jimmy Hood Trustee 1.0 0.0 X 0 0 0 Wayne Husband Trustee 1.0 0.0 X 0 0 0 Verne Kennedy Trustee 1.0 0.0 X 0 0 0 Liza C Looser Trustee 1.0 0.0 X 0 0 0 Virginia W Morris Trustee 1.0 0.0 X 0 0 0 Leisha Pickering Trustee 1.0 0.0 X 0 0 0 Karen Taylor Trustee 1.0 0.0 X 0 0 0 Gaines P Sturdivant Trustee 1.0 0.0 X 0 0 0 Alan Walters Trustee 1.0 0.0 X 0 0 0 Richard Whitlock Trustee 1.0 0.0 X 0 0 0 Dolphus Weary Trustee 1.0 0.0 X 0 0 0 Calvin Wells Trustee 1.0 0.0 X 0 0 0 Richard Wilson Jr Trustee 1.0 0.0 X 0 0 0 Mark Windham Trustee 1.0 0.0 X 0 0 0 Jerry Young Trustee 1.0 0.0 X 0 0 0 Michael Harrell Trustee 1.0 0.0 X 0 0 0 Peter Jernberg Trustee 1.0 0.0 X 0 0 0 Robbie Hughes Trustee 1.0 0.0 X 0 0 0 William Taylor III Trustee 1.0 0.0 X 0 0 0 Tray Hairston trustee 1.0 0.0 X 0 0 0 Will Vise trustee 1.0 0.0 X 0 0 0 1625306 0 220763 10 false true false RICHARD WHITE 198 SHENANDOAH DRIVE FLORENCE MS 39073 PAINTING/SHEETROCK 124340 MMI DINING SYSTEMS 1000 RED FERN PLACE FLOWOOD MS 39232 DINING SEREVICES 1226794 2 315246 7589404 2741650 7904650 Tuition & Fees 611310 50387260 50387260 Auxiliary Enterprises 611710 5514 5514 Housing Revenue 721310 4291187 4291187 54683961 213148 213148 0 0 168032 168032 0 168032 168032 -566862 -23865 -566862 -23865 -590727 -590727 0 0 0 0 0 0 114072 236882 -122810 -122810 Miscellaneous Revenues 900099 182384 182384 Camp Meals 722320 98888 98888 281272 62537526 54866345 98888 -332357 0 11047025 11047025 371384 371384 0 1491302 465298 886497 139507 0 20209846 15730448 4326016 153382 210811 167364 42665 782 2470780 1929078 514823 26879 1478877 1109469 349966 19442 0 49728 49728 72627 72627 0 0 33599 33599 191902 127743 60142 4017 2345201 2156990 188211 1101269 728155 368105 5009 0 0 3226064 1542334 1682416 1314 623999 492772 130133 1094 0 105123 77763 26145 1215 1085911 1061415 24496 0 2807227 2353860 453367 617292 617292 CONTRACT EXPENSE 3356807 2792033 489892 74882 DEPARTMENTAL EXPENSE 603578 449039 144271 10268 Repairs & Maintenance 512161 15818 496343 BAD DEBT EXPENSE 462131 462131 774034 704072 54212 15750 55248678 43322060 11473077 453541 1864283 4968277 0 0 1061190 464050 1959781 3169593 97000 79000 0 0 663822 16657 225888 0 166496 141616 99187728 47344186 53624809 51843542 6446710 6062215 63540 58850 0 0 0 0 53170 51268 66226689 66855068 1427415 1428123 0 0 3836355 4052485 0 0 0 0 0 0 25336174 19210623 0 0 2118836 1868581 32718780 26559812 X 25450299 32487727 8057610 7807529 33507909 40295256 66226689 66855068 X 7288848 200267 -701768 X false true true true true X 5112796 2063186 2136600 4111536 7904650 21328768 0 0 5112796 2063186 2136600 4111536 7904650 21328768 10641205 10687563 519356 471062 618250 416505 381180 2406353 0 407797 558949 191572 403384 59574 1621276 25356397 287998851 0.42149 0.59968 X Schedule A, Part II, Lines 9 & 10: The university has updated line 10 other income for tax years 2015 through 2017 to exclude gross unrelated business income that should have been included on line 9, net income from unrelated business income. There will be no changes to line 9, however, as the expenses related to unrelated business income are greater or equal to gross income resulting in a reporting of "0" net unrelated business income. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X DISPLAYED IN UNIV LIBRARY false 6127800 150622 -136461 344840 4 33349 5763768 5526597 224217 317521 294985 -382434 27984 6127800 5441893 99459 303547 273000 16459 28843 5526597 5109323 102200 402916 269000 -125481 29027 5441893 4894350 220050 131780 135000 -26165 28022 5109323 0.00000 0.83720 0.16280 false false 1182909 1182909 69331825 25954218 43377607 26584618 21164387 5420231 2088376 225581 1862795 51843542 0 Obligation Under Interest Rate Swap 1558149 Funds Held For Others 37514 Annuities Payable 73676 Advances from Government 21725 Deferred Lease Liability 163517 Security Deposits 14000 1868581 50854501 200276 -12120183 -11919907 62774408 -236882 -236882 62537526 44067151 236882 236882 43830269 11418409 11418409 55248678 SCHEDULE D, PART III, LINE 4 THE UNIVERSITY'S WARREN A. HOOD LIBRARY ON THE UNIVERSITY'S CAMPUS, PERMANENTLY DISPLAYS A BOEHM PORCELAIN BIRD COLLECTION. ALSO ON DISPLAY THROUGHOUT THE BUILDING ARE NUMEROUS PIECES FROM THE BELHAVEN PERMANENT ART COLLECTION. SCHEDULE D, PART V, LINE 4 BELHAVEN UNIVERSITY'S ENDOWMENT FUNDS ARE MADE UP OF ENDOWED SCHOLARSHIPS. ENDOWED SCHOLARSHIPS ARE ESTABLISHED AND NAMED BY INDIVIDUAL DONORS WISHING TO PROVIDE PERPETUAL ASSISTANCE TO BELHAVEN STUDENTS. SCHOLARSHIPS ARE AWARDED BY THE OFFICE OF STUDENT FINANCIAL PLANNING IN ACCORDANCE WITH THE CRITERIA ESTABLISHED BY THE DONOR. ENDOWED SCHOLARSHIPS ARE DESIGNED TO PRESERVE AND GROW THE ORIGINAL PRINCIPAL BY PAYING OUT MINIMAL SCHOLARSHIP AMOUNTS EACH ACADEMIC YEAR AND ACCUMULATING ANY EXCESS EARNINGS. SCHEDULE D, PART XI, LINE 2D LOSS ON INTEREST RATE SWAP: ($701,774) SCHOLARSHIPS & FINANCIAL AID: ($11,418,409) TOTAL DIFFERENCE= ($12,120,183) Schedule D, Part XI Line 4b COST OF GOODS SOLD: ($236,882) TOTAL DIFFERENCE: ($236,882) Schedule D, Part XII Line 2d COST OF GOODS SOLD: $236,882 TOTAL DIFFERENCE: $236,882 Schedule D, Part XII Line 4b SCHOLARSHIPS & FINANCIAL AID: $11,418,409 true true true true true true true false false false false false false false false true false true SCHEDULE E, PART I, LINE 3 THE NONDISCRIMINATORY POLICY IS STATED IN ALL BROCHURES, CATALOGS, ETC. THAT ARE DISTRIBUTED TO STUDENTS, PROSPECTIVE STUDENTS, AND OTHERS. THE POLICY STATES,"BELHAVEN UNIVERSITY DOES NOT DISCRIMINATE IN THE ADMINISTRATION OF ITS EDUCATION POLICIES, APPLICATIONS FOR ADMISSION, OR SCHOLARSHIP AND LOAN PROGRAMS. THE RIGHTS, PRIVILEGES, PROGRAMS, AND ACTIVITIES OF BELHAVEN UNIVERSITY ARE MADE AVAILABLE TO ALL STUDENTS WHO ARE ENROLLED REGARDLESS OF SEX, RELIGION, COLOR, NATIONAL ORIGIN, HANDICAP, OR AGE." SCHEDULE E, PART I, LINE 6A BELHAVEN RECEIVED FINANCIAL AID FROM THE US DEPARTMENT OF EDUCATION AND THE EDUCATION STABALIZATION FUND. Expenditures of federal awards for the year ended June 30, 2020 were $42,886,805. true North America 0 0 Program Services GRANTS 10000 Central America and the Caribbean 0 0 Program Services GRANTS 20864 East Asia and the Pacific 0 0 Program Services GRANTS 255385 Europe (Including Iceland and Greenland) 0 0 Program Services GRANTS 30808 South America 0 0 Program Services GRANTS 500 South Asia 0 0 Program Services GRANTS 1000 Sub-Saharan Africa 0 0 Program Services GRANTS 52827 0 0 0 0 371384 371384 Scholarships & Grants Central America and the Caribbean 4 20864 WIRE Scholarships & Grants East Asia and the Pacific 28 255385 WIRE Scholarships & Grants Europe (Including Iceland and Greenland) 3 30808 WIRE Scholarships & Grants North America 2 10000 WIRE Scholarships & Grants South America 1 500 WIRE Scholarships & Grants South Asia 2 1000 WIRE Scholarships & Grants Sub-Saharan Africa 6 52827 WIRE false false false false false false true SCHOLARSHIPS & GRANTS 3483 11292617 SCHEDULE I, PART I, LINE 2 THE UNIVERSITY MAINTAINS STUDENT FINANCIAL AID RECORDS AND FOLLOWS APPROPRIATE SELECTION CRITERIA FOR ALL GRANTS AND ASSISTANCE AWARDED TO STUDENTS. THE UNIVERSITY HAS AN ANNUAL COMPLIANCE AUDIT CONDUCTED IN ACCORDANCE WITH OMB CIRCULAR A-133 EACH YEAR. FOR THE YEAR ENDED 6/30/2020, THE AUDIT REPORTED THAT THE UNIVERSITY COMPLIED, IN ALL MATERIAL RESPECTS, WITH THE COMPLIANCE REQUIREMENTS OF ITS MAJOR FEDERAL PROGRAMS. X true true X X X false false false false false false false false false Roger Parrott President 453230 0 0 22683 88389 564302 0 Bradford M Smith Provost 156600 0 0 9300 619 166519 Kevin Russell VP for Enrollment & Univ Mktg 145061 0 0 9300 10190 164551 Audrey Kelleher VP for Adult & Grad Enrollment 147198 0 0 8720 600 156518 David Tarrant CFO 152183 0 0 9300 9655 171138 SCHEDULE J, PART I, LINE 1A THE PRESIDENT RECEIVES A HOUSING ALLOWANCE AS AN ORDAINED MINISTER. Dr Roger Parrot OFFICER Housing Loan X 245000 39000 false true false David Tarrant OFFICER Housing Loan X 50000 40000 false true false 79000 See Part V See Part V 1226794 Dining Services false Schedule L, Part IV, Line 1 MMI Dining Systems, LLC- Board members, Gaines P. Sturdivant and Cal Wells, are greater than 35% owners of MMI Dining Systemes, LLC. MMI Dining Systems, LLC was also a substantial contributor to the University during the year. X 15 2721873 Stock Value false false false FORM 990, PART VI, SECTION A, LINE 2 DIRECTORS, GAINES P. STURDIVANT AND CAL WELLS HAD A BUSINESS RELATIONSHIP DURING THE TAX YEAR. FORM 990, PART VI, SECTION B, LINE 11B A COPY OF FORM 990 IS SENT VIA EMAIL TO EACH MEMBER OF THE EXECUTIVE COMMITTEE. EACH MEMBER OF THE BOARD ALSO RECEIVES A COPY OF THE FORM 990 TO REVIEW AND APPROVE BEFORE IT IS FILED. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION REGULARLY AND CONSISTENTLY MONITORS AND ENFORCES ITS CONFLICT OF INTEREST POLICY BY REQUIRING ALL TRUSTEES AND OFFICERS TO COMPLETE AN ANNUAL CONFLICT OF INTEREST DISCLOSURE QUESTIONNAIRE. THE QUESTIONNAIRE IS REVIEWED BY THE EXECTIVE COMMITTEE AND THE PRESIDENT. IF A CONFLICT ARISES THE INTERESTED MEMBER IS REQUIRED TO DISCLOSE THE CONFLICT/POTENTIAL CONFLICT. FURTHERMORE, THE INTERESTED MEMBER IS PROHIBITED FROM VOTING ON ANY MATTERS RELATED TO THE CONFLICT/POTENTIAL CONFLICT. FORM 990, PART VI, SECTION B, LINE 15A THE COMPENSATION OF THE PRESIDENT IS REVIEWED AND APPROVED BY THE EXECUTIVE COMMITTEE. THE PRESIDENT REVIEWS AND APPROVES COMPENSATION OF TOP MANAGEMENT AND OTHER EMPLOYEES. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S FORM 990, GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, & FINANCIAL STATEMENTS ARE AVAILABLE FOR PUBLIC INSPECTION UPON REQUEST. FORM 990, PART XI, LINE 9 Loss on Interest Rate Swap: ($701,768)