2020-04-15T13:31:26-07:00 2019-06-30 990 2018-07-01 541061178 REGENT UNIVERSITY REGE 7573524050 1000 Regent University Drive Virginia Beach VA 23464 Stephen Bruce VP of Business Administration 7573524429 2020-04-15 47.134.39.63 2018 2020-11-06 18:47:13Z Stephen Bruce 1000 Regent University Drive Virginia Beach VA 23464 214285525 0 X www.regent.edu X 1977 VA Regent University serves as a center of Christian thought and action to provide excellent education through a Biblical perspective and global context equipping Christian leaders to change the world. 16 15 1896 77 26929 -1071804 1613515 7024015 131077303 140901386 10893457 2769031 275755 309600 143860030 151004032 25302198 25436885 0 0 71799777 67335268 0 0 1485144 64549532 55525839 161651507 148297992 -17791477 2706040 192747105 197098757 135255050 144022494 57492055 53076263 Regent University serves as a center of Christian thought and action to provide excellent education through a Biblical perspective and global context equipping Christian leaders to change the world. 0 0 121501685 0 129594688 Instruction - Schools of Communication & the Arts, Business & Leadership, Education, Psychology & Counseling, Divinity, Law, Government and College of Arts and Sciences. Includes Academic Support, Student Services, Scholarships, Auxiliaries & Academic Affairs. 1,223 Graduate degrees, 576 Undergraduate degrees and 21 Associate degrees were awarded in 2017-2018. (10,480 students) 9253242 0 11306698 Hospitality Services - Hotel and conference center providing conference services, food and beverage services, banquets and other various hospitality services. 0 0 0 130754927 1 1 0 0 0 0 0 0 0 1 1 0 1 0 0 1 0 1 1 0 0 0 1 0 0 0 0 1 1 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 1 1 1 1 0 0 1 13709 0 1896 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 0 0 X 16 15 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 AK MD NH NY OH OK VA WA X Regent University Business Office 7573524050 1000 Regent University Dr Virginia Beach VA 23464 Dianne Cash Board Member 1 0 X 0 0 0 Chauncey W Crandall Board Member 1 0 X 0 0 0 William Federer Board Member 1 0 X 0 0 0 Kay Peng Khoo Board Member 1 0 X 0 0 0 Thomas J Knox Jr Board Member 1 0 X 0 0 0 Howard Long Board Member 1 0 X 0 0 0 William Maynard Board Member 1 0 X 0 0 0 David Melilli Board Member 1 0 X 0 0 0 G Conoly Phillips Board Member 1 0 X 0 0 0 Jay A Sekulow Board Member 1 0 X 0 0 0 Daniel C Sellers Jr Board Member 1 0 X 0 0 0 Magda Serrano Board Member 1 0 X 0 0 0 Robert O Snelling Sr Board Member 1 0 X 0 0 0 Phillip D Walker Board Member 1 0 X 0 0 0 Jennifer Whitelaw Board Member 1 0 X 0 0 0 M G Robertson Chancellor-CEO 20 20 X X 1209 20314 243026 Louis A Isakoff Vice President and General Counsel 40 0 X 319169 0 43794 Gerson Moreno-Riano Executive Vice President for Academic Affairs 40 0 X 264860 0 39776 Sherry R Miller Vice President for Univ Marketing & Public Relations 40 0 X 219805 0 24895 Martha J Smith Vice President for Human Resources & Administration 40 0 X 216316 0 33153 Joseph Umidi Executive Vice President for Student Life 40 0 X 202138 0 25085 Ann R LeBlanc Vice President for Alumni Relations 40 0 X 163009 0 34551 Stephen Bruce Vice President for Business Administration 40 0 X 133857 0 24959 Michael Hernandez Dean/Professor - Law School 40 0 X 210009 0 28645 Doris Gomez Dean - Business 40 0 X 201276 0 32695 Robert W Herron Dean - College of Arts and Sciences 40 0 X 194493 0 32087 John E Mulford Professor - Business 40 0 X 187749 0 33570 William L Hathaway Dean - Psychology/Counseling 40 0 X 176406 0 26307 Dean A Wooten Former Vice President for Finance 40 0 X 168060 0 35015 2658356 20314 657558 80 1 1 0 Google Inc Dept 33654 PO Box 39000 San Francisco CA 94139 Advertising Services 7236883 Becker Media Inc 144 Linden St Oakland CA 94607 Marketing Services 4277531 Double Positive Marketing Group 62865 Collection Center Dr Chicago IL 606930628 Advertising Services 3927408 Christian Broadcasting Network 977 Centerville Turnpike Virginia Beach VA 23464 Facility Services/Security 3351845 Facebook Inc 15161 Collections Center Dr Chicago IL 60693 Advertising Services 2442985 20 0 0 0 0 15090 7008925 5128 7024015 Tuition & Fees 611310 124033529 124033529 0 0 Sales & Services - Auxiliary 611710 5133649 5133649 0 0 Sales & Services - Educational 611710 23937 23937 0 0 Miscellaneous 611710 403573 403573 0 0 Hotel Food & Beverage Service 721110 11306698 11306698 0 0 0 0 0 0 140901386 1705370 0 19942 1685428 160215 0 0 160215 49250 0 0 49250 11226 0 0 0 11226 0 11226 4239 6987 0 64184939 0 63281493 0 903446 0 903446 0 0 903446 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Bookstore Commissions 451211 297994 297994 0 0 Chg Value Split Interest Agreement 523999 -48870 0 0 -48870 0 0 0 0 249124 151004032 141203619 26929 2749469 15000 15000 25401525 25401525 20360 20360 0 0 1959979 547217 1254222 158540 0 0 0 0 51690123 43810663 7305204 574256 1191257 964663 201933 24661 8539758 8956430 -549362 132690 3954151 3213891 667634 72626 0 0 0 0 32874 4667 28028 179 160500 0 160500 0 0 0 0 0 0 0 0 0 0 0 4352140 3000222 1168996 182922 20888514 20484252 403618 644 2339727 1472947 715806 150974 3851927 2340486 1511441 0 7831 7831 0 0 11083816 10120985 912020 50811 767001 686715 42551 37735 0 0 0 0 45751 40850 4901 0 819824 737674 82150 0 0 0 0 0 6674241 5809652 804570 60019 480127 33591 446536 0 Hotel Services and Support 2424408 1852486 571922 0 Repairs and Maintenance of Equipment 656086 353748 300407 1931 Hospitality 335884 279087 19641 37156 Miscellaneous 605188 599985 5203 0 148297992 130754927 16057921 1485144 52402 60322 2025236 4381024 7695 0 -74999 4197350 0 0 0 0 0 0 96788 122567 1295835 948608 225940858 130848319 99110075 95092539 66281374 78019047 13991086 4240220 9961613 10037080 0 0 0 0 192747105 197098757 11705200 11818634 0 0 886789 10237234 85187081 84490646 0 0 0 0 37475980 37475980 0 0 0 0 135255050 144022494 X 31825527 27746201 4595978 4362639 21070550 20967423 57492055 53076263 192747105 197098757 2706040 0 0 0 -7121832 0 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 80172000 174000 1778000 0 0 0 82124000 101071000 385000 4216000 0 25500000 0 80172000 105890000 146000 11035000 0 16000000 0 101071000 138093000 423000 -16126000 0 16500000 0 105890000 149612000 249000 363000 0 21500000 0 128724000 0.72 0.27 0.01 0 0 0 8277883 8277883 0 132385852 57419487 74966365 0 0 0 0 0 83500358 73428832 10071526 0 1776765 0 1776765 95092539 Venture Capital 3277936 F Hedge Funds 538937 F Real Estate 85419 F Commodities 337928 F 4240220 Annuities 1429419 F Fixed Income Bonds 8607661 F 10037080 0 X 126034130 368783 0 0 224000 592783 125441347 0 25562685 25562685 151004032 123723000 0 0 0 417000 417000 123306000 0 24991992 24991992 148297992 Schedule D, Part V, Line 4 Regent University's endowment consists of approximately 115 individual funds established for a variety of purposes all relating to the University's overall exempt purpose of educating students. Schedule D, Part X, Line 2 Regent University does not believe its consolidated financial statements include any uncertain tax positions. Schedule D, Part XI, Line 2d Subtract $224,000 revenue attributable to Frio Energy which is reflected on a separate tax return. Schedule D, Part XI, Line 4b Add institutional scholarships of $24,672,424 which are included in expenses for the 990, Add $889,000 change in unrealized loss which is attributable to Frio Energy and reflected on a separate tax return. Add back $1,261 due to rounding. Schedule D, Part XII, Line 2d Subtract $1,306,000 in expenses and add $889.000 change in unrealized loss attributable to Frio Energy which is reflected on a separate tax return. Schedule D, Part XII, Line 4b Add institutional scholarships of $24,672,424 which are included in expenses for the 990. Add $319,000 for Henrico, Inc. which are net expenses reflected on a separate tax return. Add $568 which is due to rounding. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 Schedule E, Part I, Line 3 Advertisements soliciting registration of new students include a summary statement of the non-discriminatory policy of the university. Internship Program East Asia and the Pacific 6 20360 wire transfer 0 FMV 0 0 0 0 0 0 1 Christian Broadcasting Network 977 Centerville Turnpike Virginia Beach VA 23464 540678452 15000 0 FMV 0 Support for Christmas Village entertainment. 1 0 Scholarship for students at Regent University 5968 24672424 0 FMV Cash Stipends given to student interns working with legal organizations combating human sex trafficking and other human rights issues. 34 117700 0 FMV Various cash stipends given to students from restricted funds for specific student groups. 11 2950 0 FMV Schedule I, Part I, Line 2 Regent University awards financial aid to students based on certain eligibility requirements. The University's financial aid packages are on file at the University and are available upon request. X X X 1 1 X 1 0 0 0 0 0 0 1 0 Louis A Isakoff Vice President and General Counsel 319169 0 0 0 0 0 9567 0 34227 0 362963 0 0 0 Gerson Moreno-Riano Executive Vice President for Academic Affairs 264860 0 0 0 0 0 8112 0 31664 0 304636 0 0 0 Sherry R Miller Vice President for Univ Marketing & Public Relations 219805 0 0 0 0 0 6489 0 18406 0 244700 0 0 0 Martha J Smith Vice President for Human Resources & Administration 216316 0 0 0 0 0 6366 0 26787 0 249469 0 0 0 Joseph Umidi Executive Vice President for Student Life 202138 0 0 0 0 0 4414 0 20671 0 227223 0 0 0 Ann R LeBlanc Vice President for Alumni Relations 163009 0 0 0 0 0 5186 0 29365 0 197560 0 0 0 Stephen Bruce Vice President for Business Administration 133857 0 0 0 0 0 4185 0 20774 0 158816 0 0 0 Michael Hernandez Dean/Professor - Law School 226309 0 0 0 0 0 6427 0 22218 0 254954 0 0 0 Doris Gomez Dean - Business 201276 0 0 0 0 0 6236 0 26459 0 233971 0 0 0 Robert W Herron Dean - College of Arts and Sciences 194493 0 0 0 0 0 6000 0 26087 0 226580 0 0 0 John E Mulford Professor - Business 187749 0 0 0 0 0 5788 0 27782 0 221319 0 0 0 William L Hathaway Dean - Psychology/Counseling 184071 0 0 0 0 0 5407 0 20900 0 210378 0 0 0 Dean A Wooten Former Vice President for Finance 168060 0 0 0 0 0 5253 0 29762 0 203075 0 0 0 Schedule J, Part I, Line 1a First class or charter travel: To facilitate its 24 hour security coverage for Dr. Robertson, Regent University provides charter air service for his business and personal flights. The University reports taxable income for Dr. Robertson's personal flights on his form 1099. It uses the Standard Industry Fair Level (SIFL) method as allowed under IRS rules for valuing personal flights. Travel for Companions: Regent University does not provide companion air travel for non-business purposes. Housing allowance: Regent University provides a ministerial housing allowance for qualified faculty and staff. This is reviewed and approved by the board. Schedule J, Part I, Line 3 Regent University regularly reviews the compensation of its officers and vice presidents to determine whether compensation is reasonable compared to similar positions of responsibility at other institutions. The Compensation Committee of the Board of Trustees (in the absence of the Compensation Committee, the Audit Committee will assume this role) will periodically conduct an independent review of compensation which includes the President along with all officers and vice presidents. This process includes securing comparable compensation data from an independent source, reviewing the data to ensure that the compensation is reasonable and contemporaneous substantiation of the deliberation and decision making process takes place. Furthermore, when Regent University hires a new officer or vice president, it will ensure that all compensation is reasonable compared to similar positions of responsibility at other institutions. Schedule J, Part I, Line 4 The Vice President of Finance was released from his position and received a severance package for one year. Schedule J, Part I, Line 7 Any non-fixed payments were figured based on employees meeting performance goals. A Virginia College Building Activity 541249154 927781BS2 2006-08-09 99473248 Refunding of existing bonds (June 01) and construction of dorms 0 0 0 A 0 8400000 99473248 8544084 0 6845955 1142743 0 0 22970466 0 0 2007 0 1 1 1 A 0 0 1 1 0 0.01 0 0.01 0 0 1 A 1 0 0 1 Wachovia Bank NA 30 1 0 1 Ruby Moreno Family of Exec VP for Academic Affairs 50925 Employee Compensation 0 Shana Sandin Family of VP of HR & Administration 26632 Employee Compensation 0 Jacqueline Moreno Family of Exec VP for Academic Affairs 16339 Employee Compensation 0 Form 990, Part VI, Section A, Line 2 Jay Sekelow, board member, works for an organization founded by MG Pat Robertson, Chancellor and CEO of Regent University. Ann LeBlanc serves as Vice President of Alumni Relations and Special Events and is the daughter of MG Pat Robertson. Form 990, Part VI, Section B, Line 11b The 990 is reviewed by the Audit committee and sent as a PDF file to all board members for their review before it is filed with the IRS. Form 990, Part VI, Section B, Line 12c The conflict of interest policy is regularly reviewed and consulted. The University requires its officers, directors, trustees and key employees to complete a conflict of interest questionnaire and statement on a regular basis. If any conflict is noted, the officer, director or trustee will recuse themselves from voting during board meetings. Form 990, Part VI, Section B, Line 15 Regent University regularly reviews the compensation of its officers and vice presidents to determine whether compensation is reasonable compared to similar positions of responsibility at other institutions. The Compensation Committee of the Board of Trustees (in the absence of the Compensation Committee, the Audit Committee will assume this role) will periodically conduct an independent review of compensation which includes the President, along with all officers and vice presidents. This process includes securing comparable compensation data from an independent source, reviewing the data to ensure that the compensation is reasonable and contemporaneous substantiation of the deliberation and decision making process. Furthermore, when Regent University hires a new officer or vice president, it will ensure that all compensation is reasonable compared to similar positions of responsibility at other institutions. Form 990, Part VI, Section C, Line 19 All governing documents, the conflict of interest policy, audited financial statements and the 990 tax return for the University are all available upon request. Founders Conference Center LLC 1000 Regent University Dr Virginia Beach VA 23464 541992893 Hospitality Services VA 11708000 3743000 Regent University Regent University Foundation 1000 Regent University Dr Virginia Beach VA 23464 204273074 Support Regent University VA 501(c)3 5 Regent University 1 Henrico Inc 1000 Regent University Dr Virginia Beach VA 23464 541998119 Title Holding Co VA 501(c)2 Regent University 1 The Christian Broadcasting Network Inc 977 Centerville Turnpike Virginia Beach VA 23464 540678752 Broadcasting VA 501(c)(3) N/A 0 Frio Energy Inc 977 Centerville Turnpike Virginia Beach VA 23463 611693385 Oil and Gas production NV Regent University C 1 1 0 0 1 0 0 0 0 0 0 1 0 0 0 0 0 1 0 0 0 Henrico Inc j 1100000 FMV Henrico Inc p 1100000 FMV The Christian Broadcasting Network Inc c 1700000 FMV Extension filed and approved till May 15, 2020.