2021-06-15T16:46:27-05:00 2020-05-31 363990892 Capin Crouse LLP 1000 Texan Trail STE 125 Grapevine TX 76051 990 2019-06-01 750859801 East Texas Baptist University EAST 9039357963 One Tiger Drive Marshall TX 75670 Lee S Ferguson VP Fin. Affairs/CFO/Treasurer 9039357963 2021-06-15 1 Ted R Batson Jr P00721951 5055022746 2019 2022-09-23 18:48:47Z Dr Blair Blackburn One Tiger Drive Marshall TX 75670 65105410 0 X www.etbu.edu X 1912 TX ETBU is a Christ-centered university focused on preparing students to be Christian leaders. 36 34 928 35 0 0 5119335 12829597 44156987 43168723 4106904 4020849 0 3486308 53383226 63505477 15497600 16421675 0 0 19218721 19402487 0 34249 671781 17865253 17931374 52581574 53789785 801652 9715692 135378936 144877291 24822347 26441120 110556589 118436171 X ETBU was founded in 1912 as a fully accredited institution of higher education. Affiliated with the Baptist General Convention of Texas, ETBU educates students by integrating biblical faith and learning to develop mind, body and soul through community engagement to prepare graduates to be Christian servant leaders in their calling to God and humanity. Our primary focus is on quality academic programs in the humanities, natural and social sciences, fine arts, and business. We are committed to Christian stewardship and to providing and maintaining an environment conducive to learning, leadership development, and academic excellence, serving students of varied ages and of diverse socioeconomic, geographic, cultural, ethnic and religious backgrounds. We affirm that the liberal arts form the surest foundation for education and that the Christian faith provides the surest foundation for life. 0 0 45613200 16421675 43168723 East Texas Baptist University is a fully accredited institution of higher education, and its service is the instruction of students. The mission of the University is to educate students by integrating biblical faith and learning to develop mind, body, and soul through community engagement to prepare graduates to be Christian servant leaders in their calling to God and humanity. For the Fall 2019 semester, the University enrolled 1,471 undergraduate students and 122 graduate students. ETBU students have the choice of studying one of 43 undergraduate and 11 graduate programs offered through the Schools of Business, Christian Studies, Communication and Performing Arts, Humanities, Education, Natural and Social Science, Nursing, and Professional Studies. With a student-to-faculty ratio of 15:1 and an average class size of 20, students receive individualized instruction taught through a Christian worldview and various opportunities to apply course content outside of the classroom. Dedicated faculty and staff are holistically shaping ETBU Tigers into Christian scholars and servant leaders, equipping the next generation to share the Gospel of Christ in their future vocations. 45613200 1 1 0 0 0 0 0 0 0 1 1 1 0 0 0 0 1 0 1 0 1 0 0 1 0 0 0 0 1 1 0 0 0 0 1 0 1 0 0 0 0 0 0 1 1 0 0 0 1 2095 0 1 928 1 0 0 0 0 0 0 0 0 0 0 0 0 X 36 34 0 0 0 0 0 1 1 1 1 0 0 0 1 0 1 1 1 1 0 0 X Lee Ferguson 9039232050 One Tiger Drive Marshall TX 75670 X Dr Blair Blackburn President 40.00 X 411553 0 120498 Dr Thomas Sanders Secretary 40.00 X 149765 0 24834 Lee S Ferguson VP Fin. Affairs/CFO/Treasurer 40.00 X 145894 0 26396 Ryan Erwin VP for Athletics 40.00 X 122870 0 20811 Dr Heather Hadlock VP for Student Life 40.00 X 113947 0 18311 Dr Colleen Halupa Dean of Online Education 40.00 X 114801 0 16282 Brian Mayper Head Football Coach 40.00 X 108059 0 17278 Dr Marty Warren Dean of Academic Svcs & Inst. 40.00 X 106728 0 24044 Dr Cary Hilliard Trustee 1.00 X 2500 0 0 Keith Hill Chair 5.00 X X 0 0 0 Pamela Coursey Secretary 3.00 X X 0 0 0 Rev James Webb Vice Chair 3.00 X X 0 0 0 Judge David Anderson Trustee 1.00 X 0 0 0 Mike Arnold Trustee 1.00 X 0 0 0 Bruce Barnes Trustee 1.00 X 0 0 0 Jason Bell Trustee 1.00 X 0 0 0 Jerry Benson Trustee 1.00 X 0 0 0 Glenn Bickerdike Trustee 1.00 X 0 0 0 David Chadwick Trustee 1.00 X 0 0 0 RJ Collins Trustee 1.00 X 0 0 0 Patrick Combs Trustee 1.00 X 0 0 0 Hal Cornish Trustee 1.00 X 0 0 0 Dr DM Edwards Trustee 1.00 X 0 0 0 Gwen Estill Trustee 1.00 X 0 0 0 Dr Billy C Foote Sr Trustee 1.00 X 0 0 0 Dr Tyrrel Grohman Trustee 1.00 X 0 0 0 Jerry Hamilton Trustee 1.00 X 0 0 0 Susan Henry Trustee 1.00 X 0 0 0 Dr David Higgs Trustee 1.00 X 0 0 0 Rev Leonard Hornsby Trustee 1.00 X 0 0 0 Angela Huffhines Trustee 1.00 X 0 0 0 Andrea Lazenby Trustee 1.00 X 0 0 0 Susan Livingston Trustee 1.00 X 0 0 0 Suzanne McWhorter Trustee 1.00 X 0 0 0 Phillip Meyer Trustee 1.00 X 0 0 0 Sam Moseley Trustee 1.00 X 0 0 0 Hon Chris Paddie Trustee 1.00 X 0 0 0 Dr Ben G Raimer Trustee 1.00 X 0 0 0 Sergio Ramos Trustee 1.00 X 0 0 0 Kelli Richardson Trustee 1.00 X 0 0 0 Jana Sims Trustee 1.00 X 0 0 0 Dr Frank Teat Trustee 1.00 X 0 0 0 Dr Wallace Watkins Trustee 1.00 X 0 0 0 Jo Ann Whiteside Trustee 1.00 X 0 0 0 1276117 0 268454 10 0 1 0 Jeff Eubank Roofing Co Inc 1900 Northpark Drive Fort Worth TX 76102 Roofing Contractor 4561386 Slone Construction Co PO Box 1344 Marshall TX 75670 Construction 2993426 Sodexo Inc & Affiliates PO Box 360170 Pittsburgh PA 15262 Food Services 2497256 Excel Commercial PO Box 211946 Bedford TX 76021 Painting Contractor 578045 Service First Janitorial PO Box 600550 Dallas TX 75360 Janitorial Services 496931 28 634641 3738267 8456689 15226 12829597 Tuition & Fees 611310 33992840 33992840 Auxiliary Enterprises 611710 8573415 8573415 Other Program Revenue 900099 602468 602468 43168723 3881483 3881483 1739299 1599933 139366 139366 139366 Insurance Proceeds 900099 3486308 3486308 3486308 63505477 43168723 0 7507157 16421675 16421675 854281 672496 181785 95249 84170 9730 1349 14170672 11993638 1911983 265051 688104 537126 138847 12131 2578460 1224399 1303279 50782 1015721 859016 136745 19960 66900 66900 34249 34249 625000 625000 818171 790918 27253 438422 2958 316390 119074 210183 169111 41072 407864 387897 15664 4303 4819005 3621849 1154990 42166 1131200 1046665 67888 16647 6763 6763 723107 687708 27771 7628 2843298 2703545 109637 30116 483106 4940 478166 Student Services 3174732 3174732 Auxiliary Services 1363156 1363156 Instructional Expenses 435601 435601 Academic Support 384866 384866 53789785 45613200 7504804 671781 909242 708424 145602 6913697 517390 889026 859807 731975 10688 13027 170834 302222 106539005 38776733 62207324 67762272 29706234 29204673 40420420 38000226 431395 351749 135378936 144877291 2436687 2309754 211556 1360602 22174094 21572687 1198077 10 0 24822347 26441120 X 40622263 47446768 69934326 70989403 110556589 118436171 135378936 144877291 X 9715692 -1131287 -704823 X 0 1 X 1 1 1 X 6185799 8867149 7552342 5119335 12829597 40554222 6185799 8867149 7552342 5119335 12829597 40554222 4782235 35771987 176631 109105 93550 3729760 3881483 7990529 274125 366902 278244 3486308 4405579 52950330 198154165 0.67560 0.82140 X Schedule A, Part II, Line 10, Explanation of Other Income: Other Revenue - 2015 Amount: $ 274,125. 2016 Amount: $ 366,902. 2017 Amount: $ 278,244. 2019 Amount: $ 3,486,308. 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 31278909 237193 855350 1786648 30584804 33608643 237837 533853 3068156 33268 31278909 56242642 493375 7357504 1344677 29109313 30888 33608643 61855100 328015 -3168508 1522222 1203358 46385 56242642 61063181 385455 3328041 1392913 1471223 57441 61855100 0.09900 0.90100 0 1 0 1479958 1479958 90004031 28336648 61667383 11855376 9775384 2079992 3199640 664701 2534939 67762272 Beneficial Interest in Trusts 9828696 C Perpetual Trusts held by Others 26791399 C Real Estate 922881 C Oil & Gas Interest 457250 C 38000226 45652953 -1131287 -704823 -1836110 47489063 625000 15391414 16016414 63505477 37773371 0 37773371 625000 15391414 16016414 53789785 Part V, Line 4: The purpose of the endowment is to pay out scholarships and carry on the education of students. Schedule D, Part V, Line 1e, column (b) The PY Other Expenses includes an adjustment of $30,279 as reflected through the audited financial statements. Schedule D, Part V, Line 1e, column (c) The PY Other Expenses includes an adjustment of $26,901,539 as reflected through the audited financial statements. Schedule D, Part V, Lines 2a-2c In accordance with the principles of FASB ASU 2016-14 (ASC 958), the organization has implemented required changes to its audited financial statements for the period ended 5/31/2020. The 2019 Form 990 and its associated schedules were not updated to reflect changes made by this standard. Thus, we have reported the revised net asset categories from the audited financial statements as follows on Form 990, Schedule D, Part V, Lines 2a-2c: Line 2a - Without donor restrictions Line 2b - With donor restrictions Part XI, Line 2d - Other Adjustments: Change in Value of Perpetual Trusts held by Others -637,368. Change in Value of Split Interest Agreements -67,455. Part XI, Line 4b - Other Adjustments: Scholarships 15,391,414. Part XII, Line 4b - Other Adjustments: Scholarships 15,391,414. 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 University's non-discrimination policy was posted on the main website at etbu.edu during Fiscal Year Ended 5/31/2020. All solicitations for students contain a statement of the University's racially nondiscriminatory policy, as does the student handbook available on the University's website. 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). Schedule E, Part I, Line 6 ETBU receives federal financial aid in the form of Title IV Funds, including Pell Grant (Pell), Federal Supplemental Educational Opportunity Grant (FSEOG), Federal Direct Student Loans (FDL), Federal TEACH Grants (TEACH), Federal Work Study (FWS), Perkins Loan, Higher Education Emergency Relief Fund (HEERF), and U.S. Small Business Administration Cares Act Paycheck Protection Program (PPP) Loan. ETBU also receives financial aid from the state of Texas and the Texas Higher Education Coordinating Board in the form of Tuition Equalization Grants and Work Study aid. Europe 0 0 Program Services Mission Trips 102408 Middle East and North Africa 0 0 Program Services Mission Trips 73546 East Asia and the Pacific 0 0 Program Services Travel Study 54043 0 0 0 0 0 0 229997 0 229997 0 0 0 0 0 0 Part I, line 3: The organization uses the accrual method of accounting to track expenditures. Part III Accounting Method: X X X 1 Signature Consulting PO Box 7575 Tyler TX 75702 Fundraiser 0 128250 34249 94001 128250 34249 94001 Schedule G, Part I, Line 2b(vi) The amount reported is the net gifts received after the fees paid to the fundraiser per instructions. All gifts receive as a result of fundraising activity were received by the organization directly with amount paid to fundraiser reported in Column (v) being paid directly from the organization rather than retained from gross receipts from activity reported in Column (iv). 1 Educational scholarships 1306 15391414 HEERF Grants 884 1030261 Part I, Line 2: The University enters into their computer system (POISE), as budgeted amounts, the amounts that the Department of Education has allocated to be awarded to eligible students. The Financial Aid Department prints out a fund report from POISE that shows the budget amount, how much has been awarded, and how much is available to be awarded. Then the Financial Aid Department awards to each student who has applied for financial aid and meets the University's qualifications, State, and federal guidelines for financial aid the amount that the student is eligible to receive. The amounts that the student receives are credited to their account at the University, then the University automatically deducts tuition, housing expenses, meal plan expenses, books, and University fees. If there is a balance remaining, it is then refunded to the student. The Financial Aid Department is audited each year by independent certified public accountants. X X 1 1 X X X 0 1 0 0 0 0 0 1 0 Dr Blair Blackburn President 349031 0 60102 0 2420 0 70000 0 52002 0 533555 0 0 0 Dr Thomas Sanders Secretary 143413 0 5110 0 1242 0 12307 0 13840 0 175912 0 0 0 Lee S Ferguson VP Fin. Affairs/CFO/Treasurer 138462 0 5110 0 2322 0 12042 0 15760 0 173696 0 0 0 Part I, Line 1a Housing Allowance & Personal Services: 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 grounds care and housekeeping for the home since the President hosts functions for the University at his home. The home is provided as a nontaxable benefit to the President because it is required in his contract and he resides there for the convenience of the University. Part I, Line 4b The President received 457(f) plan contributions of $35,000 which was not taxable. Part I, Line 7 The President receives discretionary bonus compensation that is determined based on performance-based goals achieved and approved by the board. Discretionary bonus compensation for officers is determined by the President based on performance. 28277 Scholarships Scholarships Laura Coursey Family Member of Trustee/Board Secretary 42381 Salary 0 Jamye E Ferguson Spouse of Treasurer 24314 Salary 0 Form 990, Part VI, Section A, line 1 The Executive Committee is comprised of the Chairperson of each committee of the board, plus the three officers of the board of trustees and several ad hoc members of the board of trustees. The Executive Committee has authority to act on behalf of the board and works as a smaller representative group of the board of trustees to guide the University in matters related to governance and authority. Form 990, Part VI, Section A, line 7a The Baptist General Convention of Texas, a related organization, appoints a simple majority of the board of trustees for ETBU. Form 990, Part VI, Section A, line 7b The following types of bylaw amendments may be adopted only by prior notice to and approval of the Baptist General Convention of Texas (BGCT), a related organization: (a) increasing or extending the terms of trustees and (b) altering the relationship of ETBU with the BGCT. 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. A public inspection copy of the reviewed Form 990 is then made available to the board of directors by the administration prior to filing with the IRS. Form 990, Part VI, Section B, line 12c The organization requires all trustees to annually complete and sign a conflict of interest questionnaire. The President and Chairman are responsible for reviewing the signed statements and ensuring that interested persons are in compliance with the conflict of interest policy. Should any potential conflicts of interest be disclosed, the trustee 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 15a Line 15a - Compensation for the President is determined using an independent compensation consultant and comparability data. The President's base salary is set in the President's written employment contract, and his/her performance is evaluated annually by the Executive Committee of the board of trustees, based on annual goals and objectives previously set by the board and communicated to the President. The Executive Committee reports the results of this evaluation to the full board, along with its recommendation for a bonus, if any. If the bonus is approved by the board, the bonus is documented in the President's personnel file, communicated to the Vice President for Financial Affairs, and added to his/her pay at the next pay period. Line 15b - The President conducts a performance evaluation of each Vice President every fiscal year. Any merit salary increases for Vice Presidents are based upon this evaluation and comparative data from several recognized higher education organizations. If warranted, a merit increase will be communicated to the Vice President(s) upon the renewal of their annual contracts. Form 990, Part VI, Section C, line 19 The governing documents, conflict of interest policy and financial statements are available upon request. Part VII, Line 1a Dr. Cary Hilliard, Trustee, received compensation for services rendered in an adjunct faculty position. Form 990, Part XI, line 9: Change in Value in Perpetual Trusts held by Others -637,368. Change in Value in Split Interest Agreements -67,455. Baptist General Convention of Texas 7557 Rambler Rd Ste 1200 Dallas TX 75231 756044885 Convention of churches TX 501(c)(3) Line 1 N/A 0 HighGround Advisors 1717 Main St Ste 1400 Dallas TX 752014622 750891441 Investment management TX 501(c)(3) Line 7 Baptist General Convention of Texas 0 Charitable Remainder Unitrusts (10) Hold assets & remit income to the University TX East Texas Baptist University 1 0 0 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0