2021-05-27T15:00:38-05:00 2020-06-30 350921680 CROWE LLP 9600 Brownsboro Road Suite 400 Louisville KY 402411122 990 2019-07-01 310725957 Mount Vernon Nazarene University MOUN 7403979000 800 Martinsburg Road Mount Vernon OH 43050 Scott Campbell CFO 2021-05-27 true Emilie Knieriem P01330194 5023263996 2019 2022-09-23 18:48:47Z Henry W Spaulding II 800 Martinsburg Road Mount Vernon OH 43050 65411549 false X www.mvnu.edu X 1968 OH Mount Vernon Nazarene University is an accredited four year liberal arts University that confers two and four year degrees and graduate degrees in a variety of academic disciplines. In addition, it provides logistical support for the educational and theological efforts of the Church of the Nazarene and other like-minded religious and educational organizations. 43 38 1363 75 -115727 0 1771732 4991653 1013094 54388263 222977 1260615 -13069 -38225 2994734 60602306 69768 24865235 0 3544484 20272194 0 1095942 1174888 14405509 4789140 59542938 -1794406 1059368 97591088 101311381 15030247 17780466 82560841 83530915 Mount Vernon Nazarene University is an accredited four year liberal arts University that confers two and four year degrees and graduate degrees in a variety of academic disciplines. In addition, it provides logistical support for the educational and theological efforts of the Church of the Nazarene and other like-minded religious and educational organizations. false false 53607471 24865235 54146053 The University is a four-year institution of higher education offering the degrees of Associate in Arts, Associate in Applied Science, Bachelor of Arts, Bachelor of Science, Masters of Business Administration, Masters of Science in Management, Master of Arts in Education and such other Baccalaureate and Graduate degrees as may be authorized by the Board of Trustees of the University, and permitted by the State of Ohio, and the Higher Learning Commission; Member - North Central Association. For the year ended June 30, 2020 the University conferred 555 undergraduate and graduate degrees. Average financial aid for traditional students was $25,348 compared with total direct costs of $40,500. Total enrollment head count was 2,141 students. 168195 0 242210 The University provides logistical and facility support for like-minded religious and educational organizations. Organizations historically served include The North Central Ohio District Church of the Nazarene, the National Christian School Athletic Association, the YMCA Great Lakes Leaders Training School, area primary and secondary schools and many others. Over 2,500 participants attended these events extending the reach of the University's educational and religious efforts. Governmental restrictions imposed due to the COVID-19 pandemic significantly curtailed activities in this area during the latter part of the tax year. 53775666 true true false false false false false false true true false false false true true false true true false true false false false false false false true true true true false false false false false false true false true false true false false false true true false false false true 2853 0 true 1363 true true true false false false false true true false false false false false false X 43 38 true false false false false false false true true false false false true true true true true false false false X Scott Campbell 7403979000 800 Martinsburg Road Mount Vernon OH 43050 D GEOFFREY KUNSELMAN CHAIRMAN, BOARD OF TRUSTEES 3.0 X X 0 0 0 HENRY W SPAULDING PRESIDENT, CEO 40.0 X X 192281 0 65437 LARRY J HAMMOND SECRETARY, BOARD OF TRUSTEES 2.0 X X 0 0 0 ROBERT J MAHAFFEY VICE-CHAIR, BOARD OF TRUSTEES 2.0 X X 0 0 0 SCOTT L CAMPBELL VICE PRESIDENT FOR FINANCE, CFO (PARTIAL YEAR), DIRECTOR (PARTIAL YEAR) 40.0 X X 55513 0 10580 AARON L ZOLLARS MEMBER, BOARD OF TRUSTEES 1.0 X 0 0 0 BRAD A KOCHIS MEMBER, BOARD OF TRUSTEES (EXPIRING) 1.0 X 0 0 0 BRENDA L WEGHORST MEMBER, BOARD OF TRUSTEES 1.0 X 0 0 0 BRET M LAYTON MEMBER, BOARD OF TRUSTEES 1.0 X 0 0 0 BRIAN D DANIELS MEMBER, BOARD OF TRUSTEES 1.0 X 0 0 0 BRYAN K CLAY MEMBER, BOARD OF TRUSTEES 1.0 X 0 0 0 CATHY M MANSON MEMBER, BOARD OF TRUSTEES (EXPIRING) 1.0 X 0 0 0 CHRIS STETLER MEMBER, BOARD OF TRUSTEES 1.0 X 0 0 0 DANIEL L HANSON MEMBER, BOARD OF TRUSTEES 1.0 X 0 0 0 DARRELL C FRAZIER MEMBER, BOARD OF TRUSTEES (EXPIRING) 1.0 X 0 0 0 DARYL L BLANK MEMBER, BOARD OF TRUSTEES (EXPIRING) 1.0 X 0 0 0 DAVID B LUTZ MEMBER, BOARD OF TRUSTEES 1.0 X 0 0 0 DAVID D ROOSE MEMBER, BOARD OF TRUSTEES 1.0 X 0 0 0 DONALD R NELSON MEMBER, BOARD OF TRUSTEES 1.0 X 0 0 0 DOUGLAS S WYATT MEMBER, BOARD OF TRUSTEES 1.0 X 0 0 0 DOUGLAS W BOQUIST MEMBER, BOARD OF TRUSTEES 1.0 X 0 0 0 DWAYNE P MILLS MEMBER, BOARD OF TRUSTEES 1.0 X 0 0 0 EDWARD J PHILLIPS MEMBER, BOARD OF TRUSTEES 1.0 X 0 0 0 GORDON B RUNYON JR MEMBER, BOARD OF TRUSTEES 1.0 X 0 0 0 GREGORY L PALMER MEMBER, BOARD OF TRUSTEES (EXPIRING) 1.0 X 0 0 0 HOWARD E SLIBECK MEMBER, BOARD OF TRUSTEES 1.0 X 0 0 0 J KEVIN DENNIS MEMBER, BOARD OF TRUSTEES 1.0 X 0 0 0 JAMES D RADCLIFFE MEMBER, BOARD OF TRUSTEES 1.0 X 0 0 0 JASON D BURGEY MEMBER, BOARD OF TRUSTEES 1.0 X 0 0 0 KATHY G GREENICH MEMBER, BOARD OF TRUSTEES 1.0 X 0 0 0 KENT A ESTEP MEMBER, BOARD OF TRUSTEES 1.0 X 0 0 0 KEVIN J JACK MEMBER, BOARD OF TRUSTEES 1.0 X 0 0 0 LAURA E CROUCH MEMBER, BOARD OF TRUSTEES 1.0 X 0 0 0 LEE T SKIDMORE MEMBER, BOARD OF TRUSTEES 1.0 X 0 0 0 MARK D STIVERSON MEMBER, BOARD OF TRUSTEES 1.0 X 0 0 0 MELODY E TORRALBA MEMBER, BOARD OF TRUSTEES 1.0 X 0 0 0 MICHAEL J CULLADO MEMBER, BOARD OF TRUSTEES 1.0 X 0 0 0 MICHAEL W LEGG MEMBER, BOARD OF TRUSTEES 1.0 X 0 0 0 MIKEL L CHEEK MEMBER, BOARD OF TRUSTEES 1.0 X 0 0 0 OLLIE PARSONS MEMBER, BOARD OF TRUSTEES 1.0 X 0 0 0 ROBERT S MAHAFFEY MEMBER, BOARD OF TRUSTEES 1.0 X 0 0 0 SANDRA A SWIFT MEMBER, BOARD OF TRUSTEES (EXPIRING) 1.0 X 0 0 0 SHARON S DODDS MEMBER, BOARD OF TRUSTEES 1.0 X 0 0 0 THERESA M SCHNIPKE MEMBER, BOARD OF TRUSTEES 1.0 X 0 0 0 THOMAS G MESSENGER MEMBER, BOARD OF TRUSTEES 1.0 X 0 0 0 THOMAS L GATES II MEMBER, BOARD OF TRUSTEES 1.0 X 0 0 0 TIMOTHY M SMITH MEMBER, BOARD OF TRUSTEES 1.0 X 0 0 0 TOM M ZILE MEMBER, BOARD OF TRUSTEES 1.0 X 0 0 0 TREVOR H JOHNSTON MEMBER, BOARD OF TRUSTEES 1.0 X 0 0 0 W MARSHALL DUKE MEMBER, BOARD OF TRUSTEES (EXPIRING) 1.0 X 0 0 0 WENDELL D BROWN MEMBER, BOARD OF TRUSTEES 1.0 X 0 0 0 B BARNETT COCHRAN VICE PRESIDENT FOR ACADEMIC AFFAIRS, CAO 40.0 X 110139 0 26930 ROBERT P HAMILL VICE PRESIDENT FOR FINANCE, CFO (PARTIAL YEAR) 40.0 X 128629 0 12100 CAROL DOROUGH DEAN, SCHOOL OF NURSING AND HEALTH SCIENCES 40.0 X 110561 0 10674 JAMES W SMITH VICE PRESIDENT FOR UNIVERSITY RELATIONS 40.0 X 105444 0 45411 702567 0 171132 5 false true false PIONEER COLLEGE CATERERS 25055 WEST VALLEY PARKWAY SUITE 120 OLATHE KS 66061 FOOD SERVICES 1858836 MODERN BUILDERS INC PO BOX 181 MOUNT VERNON OH 43050 CONSTRUCTION RELATED SERVICES 889698 CARNEGIE DARTLET LLC 210 LITTLETON RD STE 100 WESTFORD MA 01886 MARKETING SERVICES 487744 HILSCHER-CLARKE ELECTRIC COMPANY INC 519 4TH ST NW CANTON OH 44703 CONSTRUCTION REALATED SERVICES 474022 FIELDTURF USA INC 175 N INDUSTRIAL BLVD NE CALHOUN GA 30701 CONTRUCTION RELATED SERVICES 410024 17 1128991 3862662 22505 4991653 STUDENT TUITION AND FEES 611310 45256651 45256651 STUDENT HOUSING AND FOOD SERVICES 611310 7679410 7679410 STUDENT ORGANIZATION AND ACTIVITY REVENUE 611310 475538 475538 AUXILIARY EXEMPT FUNCTION REVENUE 611310 976664 976664 0 0 0 0 54388263 718827 718827 123342 8100 60990 2056 62352 6044 68396 6044 62352 5259790 28195 4718423 27774 541367 421 541788 541788 VENDING, PRINTING & COPYING COMMISSIONS 900099 15150 15150 GRAND HOTEL INCOME (LOSS) 721110 -121771 -121771 0 0 0 0 -106621 60602306 54388263 -115727 1338117 17780 17780 24847455 24847455 688542 138989 481423 68130 511962 335968 158964 17030 14926195 11285461 3143957 496777 241215 187943 43336 9936 2996971 1403854 1505611 87506 907309 738722 144582 24005 63281 4219 59062 115950 115950 72187 72187 1193678 937897 199377 56404 1426597 1382659 23117 20821 1738799 1089007 543851 105941 880214 270264 606724 3226 1888263 186333 1700352 1578 787420 700660 41989 44771 105577 80936 23504 1137 300266 5974 290192 4100 2907804 2907804 472872 472872 FOOD SERVICE / STUDENT HEALTH INSURANCE 1761897 1761897 CURRICULUM EXPENSES 414897 414897 UNCOLLECTIBLE STUDENT RECEIVABLES 262281 262281 ALLOCATION OF ITS AND FACILITY SERVICES 0 7715366 -7869946 154580 13526 7104 6422 0 59542938 53775666 4671330 1095942 21250 21150 13529764 15681385 862273 543172 677578 931290 0 0 0 0 1486879 1178580 121733 138540 454330 531326 121733572 61113500 59138436 60620072 21267951 21637876 0 0 30894 27990 97591088 101311381 2290389 2394661 1991297 2559485 7996372 7652355 0 0 81559 419035 700000 3521725 1970630 1233205 15030247 17780466 X 62214854 64708141 20345987 18822774 82560841 83530915 97591088 101311381 X 1059368 -88456 -838 X false true X true true true X 6331487 5669167 5019340 4991653 22011647 0 0 0 6331487 5669167 5019340 4991653 22011647 6447935 15563712 1940078 2008310 2472148 1916227 8336763 0 0 28460 36353 33079 24712 122604 30471014 207707809 0.5108 0.4865 X Schedule A, Part II RETURN YEAR COLUMN HEADINGS Per IRS Form 990 instructions, public support is measured using a 5-year computation period that includes the current year and 4 prior years, including short years. The 990 filing for the short period ended June 30, 2019 was filed on a 2018 IRS Form 990. In order to calculate public support, per the form instructions, the 2018 column includes both tax periods which were filed on a 2018 Form and the 2015 column has been zeroed out. - 6/1/16 to 5/31/17 -6/1/17 to 5/31/18 -6/1/18 to 5/31/19 -6/1/19 to 6/30/19 -7/1/19 to 6/30/20 Schedule A, Part II PUBLIC SUPPORT TEST The University received tax-exempt status as a school under IRC Section 170(b)(1)(A)(ii). However, in order to utilize the special rule on Schedule B , the University has completed Schedule A Part II in order to demonstrate that the organization's activities have met the 33 1/3% support test. Schedule A, Part II, Line 10 Other Income DESCRIPTION - VENDING, PRINTING & COPYING COMMISSIONS, COLUMN A - , COLUMN B - 28460.0, COLUMN C - 36353.0, COLUMN D - 33079.0, COLUMN E - 24712.0, COLUMN F - 122604.0; RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 22636480 138823 885080 392023 78129 0 23190231 21698262 21322 960301 9061 34344 0 22636480 21188471 199721 837766 494356 33340 0 21698262 19672176 409692 1624692 414602 103487 0 21188471 17564303 423299 1830783 127699 18510 0 19672176 0.2123 0.4836 0.3041 true false 4390582 4390582 77550911 30502500 47048411 927694 872500 55194 25048372 21620000 3428372 13816013 8118500 5697513 60620072 LIABILITY UNDER UNITRUST AGREEMENTS 13876 ADVANCES FROM GOVERNMENT FOR FEDERAL LOANS 1219329 ACCRUED POST RETIREMENT BENEFITS 1233205 X Schedule D, Part V YEAR COLUMN HEADINGS THE PRIOR TAX YEAR REPRESENTS BOTH A SHORT TAX YEAR FOR THE PERIOD JUNE 1, 2019 THROUGH JUNE 30, 2019 AND THE 12 MONTH PERIOD ENDED MAY 31, 2019. THEREFORE, THE YEAR COLUMN HEADINGS IN PART V REPRESENT THE FOLOWING ACTUAL TAX YEARS: CURRENT YEAR = 2019 PRIOR YEAR = 2018 SHORT YEAR AND 2018 FISCAL YEAR; TWO YEARS BACK = 2017 TAX YEAR; THREE YEARS BACK = 2016 TAX YEAR; FOUR YEARS BACK = 2015 TAX YEAR. Schedule D, Part V, Line 4 Intended uses of endowment funds The University's endowment primarily consists of seven categories for use: scholarship/student loan, academic support, mission outreach, maintenance and energy, equipment acquisition, lecture series, and quasi. Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote The Internal Revenue Service has ruled that the University is exempt from federal income taxes under Section 501(a) of the Internal Revenue Code as a public charity described in Section 501(c)(3). Accounting principles generally accepted in the United States of America prescribe recognition thresholds and measurement attributes for the financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return. Tax benefits will be recognized only if the tax position is more-likely-than-not sustained in a tax examination, with a tax examination being presumed to occur. The amount recognized will be the largest amount of tax benefit that is greater than 50% likely of being realized on examination. For tax positions not meeting the more-likely-than-not test, no tax benefit will be recorded. Management has concluded that they are unaware of any tax benefits or liabilities to be recognized at June 30, 2020. The University does not expect the total amount of unrecognized tax benefits to significantly change in the next 12 months. The University would recognize interest and penalties related to unrecognized tax benefits in interest and income tax expense, respectively. The University has no amount accrued for interest or penalties as of June 30, 2020. true true true true true true true false false false false false false false true false true Schedule E, Part I, Line 3 RACIALLY NONDISCRIMINATORY POLICY Available on website and guides Schedule E, Part I, Line 6(a) FINANCIAL AID OR ASSISTANCE FROM A GOVERNMENT Students receive financial aid from various federal Department of Education programs and from state student financial aid programs. The University also receives a grant from the federal Department of Education to assist with improving student retention and baccalaureate completion. The University has also received funds related to COVID-19 relief including the Payroll Protection Program (PPP) and the Higher Education Emergency Relief Fund (HEERF). Central America and the Caribbean 0 0 Program Services EDUCATIONAL PROGRAMS AND MISSION OPPORTUNITIES PROVIDED TO STUDENTS AND THE RELATED TRAVEL COSTS. 52692 Europe (Including Iceland and Greenland) 0 0 Program Services EDUCATIONAL PROGRAMS AND MISSION OPPORTUNITIES PROVIDED TO STUDENTS AND THE RELATED TRAVEL COSTS. 25566 South America 0 0 Program Services EDUCATIONAL PROGRAMS AND MISSION OPPORTUNITIES PROVIDED TO STUDENTS AND THE RELATED TRAVEL COSTS. 24054 0 0 0 0 0 0 102312 0 102312 false false false false false false true FOOD FOR THE HUNGRY 1684 VENTURE DR STE B MOUNT MOUNT VERNON OH 43050 311667740 501(C)(3) 5521 FURTHERANCE OF ITS MISSION TO PROVIDE FOOD FOR THE HUNGRY IN THE KNOX COUNTY OHIO AREA 1 0 MERIT-BASED SCHOLARSHIPS 1803 17156720 NEED-BASED SCHOLARSHIPS 339 3227573 DEMOGRAPHIC-BASED SCHOLARSHIPS 378 3598472 PROGRAM/CAREER-BASED SCHOLARSHIPS 52 493646 COVID RELATED GRANTS UNDER THE AUSPICIES OF THE US DEPARTMENT OF EDUCATION 1232 371043 Schedule I, Part III, Column (b) Estimated Number Of Recipients MERIT-BASED SCHOLARSHIPS : TOTAL FOR AWARD CATEGORY DIVIDED BY AVERAGE AWARD AMOUNT Schedule I, Part III, Column (b) Estimated Number Of Recipients NEED-BASED SCHOLARSHIPS : TOTAL FOR AWARD CATEGORY DIVIDED BY AVERAGE AWARD AMOUNT Schedule I, Part III, Column (b) Estimated Number Of Recipients DEMOGRAPHIC-BASED SCHOLARSHIPS : TOTAL FOR AWARD CATEGORY DIVIDED BY AVERAGE AWARD AMOUNT Schedule I, Part III, Column (b) Estimated Number Of Recipients PROGRAM/CAREER-BASED SCHOLARSHIPS : TOTAL FOR AWARD CATEGORY DIVIDED BY AVERAGE AWARD AMOUNT Schedule I, Part I, Line 2 Procedures for monitoring use of grant funds. Disbursements in furtherance of the University's exempt programs are made in accordance with procedures or subject to conditions established by the institution's governing board designed to insure that individuals and organizations receiving disbursements from the organization in furtherance of its exempt programs are adequately investigated to insure that they are qualifying recipients. Students receiving scholarships, student loans, etc. are judged worthy by the institution's assessment on the basis of academic achievement, financial needs and other similar standards. X X true true X X X false false false false false false false false false HENRY W SPAULDING PRESIDENT, CEO 170806 0 0 0 21475 0 24700 0 40737 0 257718 0 0 0 JAMES W SMITH VICE PRESIDENT FOR UNIVERSITY RELATIONS 101691 0 0 0 3753 0 3600 0 41811 0 150855 0 0 0 Schedule J, Part I, Line 1a Housing allowance or residence for personal use For Henry W. Spaulding, II: Housing is provided, on a taxable basis, in a residence owned by the University. For Henry W. Spaulding and James W. Smith, a ministerial housing allowance was provided. This benefit is not taxable for federal income tax purposes, but is considered taxable self-employment income for SECA purposes. All employees with qualifying ministerial credentials are eligible for this benefit. Schedule J, Part I, Line 1a Health or social club dues or initiation fees MVNU has a membership with a social club that Henry W. Spaulding II, President, uses for business purposes. No amount is treated as taxable compensation because it is 100% business use. A CITY OF MOUNT VERNON OHIO 316400234 2016-09-01 8930834 REFUND 2011 BONDS false false false A 1278479 8930834 8930834 true false true true A false false false false 0.0 0.0 0.0 false false true A false false true false false false false false true A true Schedule K, Part III, Line 9 ESTABLISHMENT OF WRITTEN PROCEDURES THE ORGANIZATION IS IN THE PROCESS OF ADOPTING WRITTEN PROCEDURES TO MONITOR THE ORGANIZATION'S ABILITY TO REMAIN IN COMPLIANCE WITH THE ARBITRAGE REQUIREMENTS UNDER SECTION 148 OF THE INTERNAL REVENUE CODE. THE ORGANIZATION STRIVES TO STAY ABREAST OF FEDERAL REGULATIONS AND CONSIDERS THE REPERCUSSIONS OF ALL SIGNIFICANT ACTIVITIES WHICH COULD FORESEEABLY HAVE AN IMPACT ON THE ORGANIZATION'S TAX EXEMPT BONDS AND THE ASSOCIATED FEDERAL TAX REGULATIONS. Schedule K, Part IV, Line 7 PROCEDURES TO UNDERTAKE CORRECTIVE ACTION THE ORGANIZATION IS IN THE PROCESS OF ADOPTING WRITTEN PROCEDURES WHICH DICTATE HOW MANAGEMENT TIMELY IDENTIFIES AND CORRECTS VIOLATIONS OF FEDERAL TAX REQUIREMENTS USING THE VOLUNTARY CLOSING AGREEMENT PROGRAM PROVIDED BY THE IRS WHEN SELF-REMEDIATION IS NOT AVAILABLE TO THE ORGANIZATION. THE ORGANIZATION STRIVES TO STAY ABREAST OF FEDERAL REGULATIONS AND CONSIDERS THE REPERCUSSIONS OF ALL SIGNIFICANT ACTIVITIES WHICH COULD FORESEEABLY HAVE AN IMPACT ON THE ORGANIZATION'S TAX EXEMPT BONDS AND THE ASSOCIATED FEDERAL TAX REGULATIONS. IN THE EVENT A VIOLATION IS IDENTIFIED THE ORGANIZATION'S POLICY IS TO CORRECT THE VIOLATION AS SOON AS POSSIBLE, WHILE WORKING WITH THE FEDERAL AUTHORITIES AS NECESSARY TO ENSURE THAT SUFFICIENT CONTROLS ARE PRESENT WHICH WILL GUARD AGAINST FUTURE VIOLATIONS. Schedule K, Part V ESTABLISHMENT OF WRITTEN PROCEDURES THE ORGANIZATION IS IN THE PROCESS OF ADOPTING WRITTEN PROCEDURES TO ENSURE ALL NONQUALIFIED BONDS (IF ANY) OF THE ISSUE ARE REMEDIATED IN ACCORDANCE WITH THE ASSOCIATED REGULATIONS. THE ORGANIZATION STRIVES TO STAY ABREAST OF FEDERAL REGULATIONS AND CONSIDERS THE REPERCUSSIONS OF ALL SIGNIFICANT ACTIVITIES WHICH COULD FORESEEABLY HAVE AN IMPACT ON THE ORGANIZATION'S TAX EXEMPT BONDS AND THE ASSOCIATED FEDERAL TAX REGULATIONS. SEE PART V SUPPLEMENTAL INFORMATION 251969 SCHOLARSHIPS AND EMPLOYEE DEPENDENT TUITION ASSISTANCE INSTITUTIONALLY FUNDED FINANCIAL AID HENRY W SPAULDING III CHILD OF HENRY W. SPAULDING, II, PRESIDENT 80488 EMPLOYEE COMPENSATION false MEGAN B BURDEN CHILD OF HENRY W. SPAULDING, II, PRESIDENT 39403 EMPLOYEE COMPENSATION false TAMMI J BROWN SPOUSE OF WENDELL D. BROWN, TRUSTEE 46142 EMPLOYEE COMPENSATION false LYNDSEY D MCPHERSON CHILD OF LARRY J. HAMMOND, TRUSTEE 36511 EMPLOYEE COMPENSATION false MATTHEW C MCPHERSON SON-IN-LAW OF LARRY J. HAMMOND, TRUSTEE 49074 EMPLOYEE COMPENSATION false MELLISA J KOCHIS SPOUSE OF BRAD A. KOCHIS, TRUSTEE 17030 EMPLOYEE COMPENSATION false PRISCILLA C MILLS CHILD OF JAMES D. RADCLIFFE, TRUSTEE 27589 EMPLOYEE COMPENSATION false TIMOTHY D RADCLIFFE CHILD OF JAMES D. RADCLIFFE, TRUSTEE 79834 EMPLOYEE COMPENSATION false ERIC STETLER BROTHER OF CHRIS STETLER, TRUSTEE 114419 EMPLOYEE COMPENSATION false Schedule L, Part III, Column (b) NAME OF INTERESTED PERSON COLLEGES, UNIVERSITIES AND PRIMARY AND SECONDARY SCHOOLS ARE NOT REQUIRED TO IDENTIFY INTERESTED PERSONS TO WHOM THEY PROVIDED SCHOLARSHIPS, FELLOWSHIPS AND SIMILAR FINANCIAL ASSISTANCE. PURSUANT TO THE INSTRUCTIONS TO FORM 990, SCHEDULE L, PART III, COLUMNS (A) AND (B) HAVE BEEN LEFT BLANK. X 2 8568 Market value X VARIOUS ITEMS FOR PRIZES AND INCENTIVES - 31 13937 Selling cost 0 false true false Schedule M, Part I Explanations of reporting method for number of contributions Securities - Publicly traded - NUMBER OF CONTRIBUTIONS Other - VARIOUS ITEMS FOR PRIZES AND INCENTIVES - NUMBER OF CONTRIBUTIONS Form 990, Part VI, Line 1a Delegate broad authority to a committee From the Organization's Bylaws: Section 8: Duties of the Executive Committee of the Board of Trustees. In the interim of annual or special meetings of the Board of Trustees, the management of the affairs of the Corporation shall be vested in the Executive Committee. 1. The Executive Committee shall meet as often as is necessary and shall be governed by such rules as it may adopt, provided such rules and regulations are in harmony with the bylaws of the Corporation. 2. The Executive Committee shall act on whatever matters of corporation business as shall be referred and assigned to it by the Board of Trustees. 3. The Executive Committee may by resolution authorize the sale, conveyance, or mortgaging of any real property held by the Corporation, other than the main campus. 4. The Executive Committee shall approve the guidelines under which the Senior Administrators of the University are selected. The President shall confer with the Executive Committee prior to selection, reassignment, or termination of a senior administrator. 5. The Executive Committee shall keep a record of its proceedings and copies of these minutes shall be sent to each member of the Executive Committee within five days after the executive meeting. Minutes of action must also be received by the members of the Board of Trustees at its next meeting. 6. The Executive Committee may authorize and approve resolutions necessary to open and close bank, stock, bonds and other investment accounts and designate signatory authority thereon. Form 990, Part VI, Line 2 Family/business relationships amongst interested persons Robert J. Mahaffey and Robert S. Mahaffey - Family relationship Form 990, Part VI, Line 11b Review of form 990 by governing body The return is reviewed by University management and a knowledgeable third party before filing. Form 990, Part VI, Line 12c Conflict of interest policy AT ITS ANNUAL REORGANIZATION MEETING IN NOVEMBER EACH BOARD MEMBER RECEIVES A COPY OF THE UNIVERSITY'S CONFLICT OF INTEREST POLICY AND IS REQUIRED TO COMPLETE A DISCLOSURE STATEMENT TO DETAIL THE EXISTENCE OF ANY CONFLICTS OF INTEREST OR AFFIRM THAT NONE EXIST. THESE STATEMENTS ARE REVIEWED AND RETAINED BY THE PRESIDENT'S OFFICE. THOSE FOUND TO HAVE A POTENTIAL CONFLICT, OR THE APPEARANCE OF SUCH, DO NOT PARTICIPATE IN FINAL RELATED BUSINESS DISCUSSIONS OR VOTES. Form 990, Part VI, Line 19 Required documents available to the public Financial statements, governing documents, and conflict of interest policies are not required disclosures pursuant to Internal Revenue Code (IRC) Section 6104. These documents are currently available upon request to entities determined by management to have a legitimate interest. Form 990, Part XI, Line 9 Other changes in net assets or fund balances CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS - -838; Part I Summary Covid-19 Impact The University is accounting for the PPP Loan as a conditional contribution under ASC 958-605. Under Subtopic 958-605, the PPP loan proceeds are initially recorded as a grant advance liability on the statement of financial position and subsequently recognized as grant revenue when the University has substantially met all conditions for forgiveness. At June 30, 2020, the University has not yet satisfied the forgiveness conditions and, therefore, the loan proceeds have been recorded as a grant advance liability on the statement of financial position. The University intends to maximize these conditions and apply for forgiveness during the year ending June 30, 2021. MVNU MANAGEMENT LLC 800 MARTINSBURG RD MOUNT VERNON OH 43050 472839129 HOSPITALITY MANAGEMENT OH 1075520 390844 MOUNT VERNON NAZARENE UNIVERSITY MOUNT VERNON GRAND HOTEL LLC 800 MARTINSBURG RD MOUNT VERNON OH 43050 814919801 REAL ESTATE HOLDING AND MANAGEMENT OH 0 7618941 MOUNT VERNON NAZARENE UNIVERSITY MOUNT VERNON NAZARENE UNIVERSITY FOUNDATION 800 MARTINSBURG RD MOUNT VERNON OH 43050 311398494 FUND MGMT (INACTIVE OH 501(c)(3) Type I NA false CHARITABLE REMAINDER TRUST 800 MARTINSBURG RD MOUNT VERNON OH 43050 CHARITABLE REMAINDER TRUST OH NA Trust false false false false false false false false false false false false false false false false false false false