2020-01-20T12:24:00-06:00 2019-05-31 450250958 EIDE BAILLY LLP 400 PINE ST STE 600 ABILENE TX 796015190 990 2018-06-01 750851900 ABILENE CHRISTIAN UNIVERSITY ABIL 3256742000 ACU BOX 29120 ABILENE TX 796999120 KEVIN CAMPBELL SVP OF OPERATIONS 3256742000 2020-01-13 1 JOE MELSON CPA P00158111 3256724000 2020-01-10 216.147.181.48 2020-01-13 08:43:43 CS P 362527628CF4A7E332F49888CE511E4521EB5D50 DFB555FE225C921DCBFA4A71AF078D82D8FE5EDF 2018 2020-09-23 17:36:50Z KEVIN CAMPBELL ACU BOX 29120 ABILENE TX 796999120 268671967 0 X WWW.ACU.EDU X 1906 TX ACU IS A NATIONAL LEADER IN CHRISTIAN HIGHER EDUCATION, AND THE MISSION IS TO EDUCATE STUDENTS FOR CHRISTIAN SERVICE AND LEADERSHIP THROUGHOUT THE WORLD. ACU IS A VIBRANT, INNOVATIVE, CHRIST-CENTERED COMMUNITY THAT ENGAGES STUDENTS IN AUTHENTIC SPIRITUAL AND INTELLECTUAL GROWTH, EQUIPPING THEM TO MAKE A REAL DIFFERENCE IN THE WORLD. 32 31 2774 0 -4698537 0 22403358 30017978 162063847 165442354 19259809 25777548 6731059 10221084 210458073 231458964 63675616 64834290 0 0 77777305 74243970 150537 150537 5105291 65537718 67583800 207141176 206812597 3316897 24646367 732351720 750011135 198965293 199235064 533386427 550776071 X ACU IS A NATIONAL LEADER IN CHRISTIAN HIGHER EDUCATION, AND THE MISSION IS TO EDUCATE STUDENTS FOR CHRISTIAN SERVICE AND LEADERSHIP THROUGHOUT THE WORLD. ACU IS A VIBRANT, INNOVATIVE, CHRIST-CENTERED COMMUNITY THAT ENGAGES STUDENTS IN AUTHENTIC SPIRITUAL AND INTELLECTUAL GROWTH, EQUIPPING THEM TO MAKE A REAL DIFFERENCE IN THE WORLD. 0 0 128540635 64834290 142513890 ABILENE CHRISTIAN UNIVERSITY IS A HIGHER EDUCATION INSTITUTION WHICH SERVES APPROXIMATELY 5,200 GRADUATE AND UNDERGRADUATE STUDENTS. IN ADDITION TO EDUCATING THE STUDENTS, THE UNIVERSITY OFFERS ON-CAMPUS AND OFF-CAMPUS HOUSING, ON-CAMPUS FOOD SERVICE, ATHLETIC PROGRAMS AND ASSISTANCE WITH STUDENT AID. ACU ALSO OPERATES PROGRAMS TO FOSTER RELATIONSHIPS WITH ALUMNI OF THE UNIVERSITY. 19105934 19673135 AUXILIARY ENTERPRISES INTEGRATE LIVING, LEARNING, AND FAITH, WHEREBY STUDENTS LEARN TO LIVE LIVES OF CHRISTIAN SERVICE AND LEADERSHIP THROUGHOUT THE WORLD. IT COMBINES WHAT STUDENTS LEARN IN THE CLASSROOM WITH PRACTICAL APPLICATION THAT WILL PREPARE THEM FOR REAL-WORLD EXPERIENCES. 2646468 3507283 EDUCATION SERVICES INCLUDES ACADEMIC COUNSELING AND TESTING SERVICES, HEALTH SERVICES, AND STUDY ABROAD ACTIVITIES THAT ARE ALL DESIGNED TO ENHANCE A STUDENT'S LEARNING EXPERIENCE AND THE OVERALL QUALITY OF A STUDENT'S EDUCATION. 150293037 1 1 0 1 0 1 0 0 1 1 1 1 0 1 1 1 0 1 1 1 1 0 0 1 0 0 0 1 1 1 1 0 0 0 0 0 1 1 1 1 1 1 1 0 0 1 1 0 0 0 1 675 0 1 2774 1 1 1 1 GM 0 0 0 1 1 0 0 0 0 0 0 0 0 0 X 32 31 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 1 1 X X KEVIN CAMPBELL 3256746552 ACU BOX 29120 ABILENE TX 79699 ABELARDO ALVAREZ JR TRUSTEE 1.00 X 0 0 0 ALAN RICH TRUSTEE 1.00 X 0 0 0 APRIL ANTHONY TRUSTEE 1.00 X X 0 0 0 ARTHUR CULPEPPER TRUSTEE 1.00 X 0 0 0 BELINDA HARMON TRUSTEE 1.00 X 0 0 0 BILL MINICK TRUSTEE 1.00 X 0 0 0 BILL PETTY VICE CHAIR 1.00 X X 0 0 0 CAROLE PHILLIPS TRUSTEE 1.00 X 0 0 0 CECIL EAGER TRUSTEE 1.00 X 0 0 0 CHARLES ONSTEAD TRUSTEE 1.00 X 0 0 0 DAVID FLOW TRUSTEE 1.00 X 0 0 0 EDDIE SHARP TRUSTEE 1.00 X 0 0 0 ELISE MITCHELL TRUSTEE 1.00 X 0 0 0 GUY LEWIS TRUSTEE 1.00 X 0 0 0 JACK GRIGGS TRUSTEE 1.00 X 0 0 0 JAMES PORTER TRUSTEE 1.00 X 0 0 0 JANA HANNER TRUSTEE 1.00 X 0 0 0 JEFFREY KNIGHT TRUSTEE 1.00 X 0 0 0 KAY SKELTON TRUSTEE 1.00 X 0 0 0 KYLE HAMMOND TRUSTEE 1.00 X 0 0 0 LANCE BARROW TRUSTEE 1.00 X 0 0 0 MARELYN SHEDD TRUSTEE 1.00 X 0 0 0 MARK DUNCUM TRUSTEE 1.00 X 0 0 0 MITCH WILBURN TRUSTEE 1.00 X 0 0 0 RALPH DRAPER TRUSTEE 1.00 X 0 0 0 RANDY OWEN TRUSTEE 1.00 X 0 0 0 RICH ATCHLEY TRUSTEE 1.00 X 0 0 0 RICK WESSEL TRUSTEE 1.00 X 0 0 0 STAN STEPHENS TRUSTEE 1.00 X 0 0 0 STEVE MACK TRUSTEE 1.00 X X 0 0 0 TOD BROWN TRUSTEE 1.00 X 0 0 0 WAYNE MASSEY TRUSTEE 1.00 X 0 0 0 CHARLES WARD DIRECTOR OF ATHLETICS 40.00 X 69157 0 18992 GARY MCCALEB EXECUTIVE DIRECTOR FOR THE CBC 40.00 X 255560 0 21073 JACK RICH PRESIDENT - ACIMCO 1.00 40.00 X 0 395855 44081 JAMES ORR VP ADVANCEMENT 40.00 X 217995 0 36335 KEVIN CAMPBELL SVP OF OPERATIONS 40.00 X 175365 0 35117 PHILIP SCHUBERT PRESIDENT 40.00 X 331018 0 117989 ROBERT RHODES PROVOST 40.00 X 237860 0 38299 ROYCE MONEY CHANCELLOR 40.00 X 106603 0 86155 SCOTT MCDOWELL VP OF STUDENT LIFE 40.00 X 66459 0 19525 SLADE SULLIVAN GENERAL COUNSEL 40.00 X 166651 0 38145 STEPHEN JOHNSON VP ACADEMIC AFFAIRS 40.00 X 215153 0 31891 SUZANNE ALLMON SENIOR ADVISOR TO THE PRES 40.00 X 116185 0 23351 WENDY JONES CHIEF HR OFFICER 40.00 X 118843 0 28060 GREG STRAUGHN DEAN OF COLLEGE OF ARTS AND SCIENCES 40.00 X 154532 0 37505 KENT RIDEOUT VICE PRESIDENT - ACIMCO 1.00 40.00 X 0 205818 31617 ADAM DORREL HEAD FOOTBALL COACH 40.00 X 238816 0 36572 CHARLES CRISP DEAN - COLLEGE OF BUSINESS 40.00 X 168539 0 38647 JOHN WEAVER DEAN - LIBRARY AND EDUC TE 40.00 X 175604 0 38201 PHILIP BOONE ADVANCEMENT OFFICE 40.00 X 175976 0 34083 CHRIS RILEY FORMER VP STUDENT LIFE 40.00 X 129716 0 29089 KELLY YOUNG FORMER CFO 40.00 X 146075 0 36585 LEE DELEON FORMER DIRECTOR OF ATHLETI 40.00 X 176691 0 18881 STEVEN HOLLEY VP & CHIEF BUSINESS OFFICE 40.00 X 140582 0 19666 3583380 601673 859859 19 1 1 0 CHARTWELLS HIGHER EDUCATION 2 INTERNATIONAL DR RYE BROOK NY 10573 FOOD SERVICE 6076128 ARAMARK 1101 MARKET ST PHILADEPHIA PA 19107 FOOD SERVICE 3204037 COLLIER CONSTRUCTION COMPANY 2202 AVENUE E LUBBOCK TX 79404 CONSTRUCTION 1952065 WFF FACILITY SERVICE 1600 CAMPUS COURT ABILENE TX 79601 CUSTODIAL 1894226 EAB 2445 M ST NW WASHINGTON DC 20037 TECHNOLOGY SERVICES 1497425 80 1633126 5223563 23161289 237328 30017978 TUITION AND FEES 611710 142261936 142261936 AUXILIARY ENTERPRISES 611710 19673135 19673135 EDUCATION SERVICES 611710 3507283 3507283 165442354 5744603 -4767649 10512252 8740565 8740565 1046792 519769 527023 527023 59325 467698 56429570 127560 36524185 0 19905385 127560 20032945 20032945 870591 169049 701542 9787 691755 OTHER INCOME 611710 251954 251954 251954 231458964 165694308 -4698537 40445215 172117 172117 64662173 64662173 3089994 643432 1783718 662844 54140619 42744729 8900433 2495457 3172135 2504442 521482 146211 9909915 7824008 1629138 456769 3931307 3103819 646286 181202 74189 74189 99804 99804 150537 150537 1457054 1457054 5312061 2837739 2191072 283250 3515844 458841 2896138 160865 4882284 3272711 1416685 192888 5283299 2786197 2468648 28454 180975 180975 7375966 1425735 5940329 9902 6807945 6168798 443136 196011 729566 546177 178766 4623 6148360 6148360 9986633 9986633 1203060 212744 990316 DINING SERVICE CONTRACT 5606454 5606454 REPAIRS, MAINTENANCE & 3646876 1165200 2481436 240 STUDENT DEVELOPMENT/REC 1227736 1222213 5523 OTHER EXPENSES 1114194 979800 111590 22804 2931500 1774733 1043533 113234 206812597 150293037 51414269 5105291 973640 1293922 20954504 15532030 18098157 16603767 12055133 12765054 784000 617272 4565350 4968178 404423600 138820305 264434868 265603295 121741599 118710480 250993034 261191170 37751435 52725967 732351720 750011135 23075452 15253753 103800000 100300000 41885000 41885000 25188 12912 30179653 41783399 198965293 199235064 X 273202771 288312396 175987764 188795280 84195892 73668395 533386427 550776071 732351720 750011135 24646367 -7256723 0 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 0 0 0 0 1 601 0 0 601 0 PART II-B, LINE 1: EMPLOYEES, ON BEHALF OF ACU, MET WITH CITY OFFICIALS ON VARIOUS OCCASIONS TO DISCUSS THE REVISION OF THE TAX INCREMENT REINVESTMENT ZONE THAT INCLUDES ACU'S LAND AND TO DISCUSS VARIOUS OTHER DEVELOPMENT PROJECTS. 12 123545 87800 1950166 1 1 0 0 431945602 10274402 24561898 7378682 13869601 1457054 444076565 384583625 3963787 66126263 7126237 14141742 1460094 431945602 351988152 6571789 45958316 6549197 12060452 1324983 384583625 382839768 3974389 -16424695 6460490 10630065 1310755 351988152 370426298 2764281 27978793 6287843 10680334 1361427 382839768 0.43390 0.56610 0 1 1 1720684 1720684 348013019 115043358 232969661 27441367 23703661 3737706 25273932 1974598 73286 27175244 265603295 42507411 F INTERNATIONAL EMERGING 27214357 F HEDGE FUNDS 50438157 F PRIVATE EQUITY VENTURE CAPITAL 63788826 F ENERGY AND NATURAL RESOURCES 67221205 F CASH EQUIVALENTS -66810 F OTHER SECURITIES 10088024 F 261191170 INSURANCE RECEIVABLE 2098333 MINERAL INTERESTS 42214482 OTHER INVESTMENTS 5777111 ASSETS HELD BY EXTERNAL TRUSTEES 2636041 52725967 DEPOSITS AND OTHER LIABILITIES 12967314 RESERVE FOR SPLIT INT AGREEMENTS 26575536 DEBT ISSUANCE COST AND BOND PREMIUM 2240549 41783399 X 156314569 -7256722 -67887673 -75144395 231458964 0 231458964 140618972 -66193625 -66193625 206812597 0 206812597 PART V, LINE 4: THE ENDOWMENT FUNDS OF THE UNIVERSITY ARE HELD TO SUPPORT THE GENERAL OPERATIONS OF THE UNIVERSITY AND TO PROVIDE SCHOLARSHIPS TO STUDENTS OF THE UNIVERSITY. PART X, LINE 2: THE UNIVERSITY IS A TAX-EXEMPT INSTITUTION AS AN ORGANIZATION DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED ("IRC") AND IS NOT A "PRIVATE FOUNDATION" UNDER SECTION 501(A) OF THE IRC; ACCORDINGLY, NO PROVISION FOR INCOME TAXES HAS BEEN MADE IN THE CONSOLIDATED FINANCIAL STATEMENTS. ACIMCO HAS ALSO BEEN ACCORDED RECOGNITION AS EXEMPT FROM INCOME TAX UNDER SECTION 501(A) OF THE IRC, AS ORGANIZATIONS DESCRIBED IN SECTION 501(C)(3) AND 509(A)(3) OF THE IRC. FOR THE YEARS ENDED MAY 31, 2019 AND 2018, THE UNIVERSITY INCURRED UNRELATED BUSINESS ACTIVITY RELATED TO CERTAIN RETAIL SALES, ADVERTISING, RENTAL INCOME, OIL AND GAS WORKING INTEREST, AND CERTAIN ALTERNATIVE INVESTMENTS, RESULTING IN AN IMMATERIAL AMOUNT IF UNRELATED BUSINESS INCOME. TAX POSITIONS TAKEN RELATED TO THE UNIVERSITY'S TAX-EXEMPT STATUS, UNRELATED BUSINESS INCOME ACTIVITIES, DEDUCTIBILITY OF EXPENSES FOR UNRELATED BUSINESS ACTIVITIES, AND OTHER MISCELLANEOUS TAX POSITIONS HAVE BEEN REVIEWED, AND MANAGEMENT BELIEVES THAT MATERIAL POSITIONS TAKEN BY THE UNIVERSITY WILL MORE LIKELY THAN NOT BE SUSTAINED BY EXAMINATION. ACCORDINGLY, THE UNIVERSITY HAS NOT RECORDED A LIABILITY FOR UNCERTAIN TAX POSITIONS. AS OF MAY 31, 2019, THE UNIVERSITY'S TAX YEARS 2013 TO 2019 REMAIN SUBJECT TO EXAMINATION. PART XI, LINE 2D - OTHER ADJUSTMENTS: RECLASS SCHOLARSHIPS TO EXPENSE -64,662,173. WOODWARD ENDOWMENT TRUST -70,593. ACIMCO 1,596,272. RECLASS COST OF GOODS SOLD 169,049. RECLASS RELATED ORGANIZATION GIFTS -1,633,126. RECLASS ENDOWMENT FEES - ACIMCO -1,457,054. RECLASS RENTAL EXPENSES 439,487. RECLASS HUNTER WELCOME CENTER RETURN -69,797. RECLASS INVESTMENT EXPENSES NETTED ON FINANCIAL STATEMENTS -2,199,738. PART XII, LINE 2D - OTHER ADJUSTMENTS: WOODWARD EXPENSES 1,625,626. ACIMCO EXPENSES 1,594,101. RECLASS COST OF GOOD SOLD 169,049. RECLASS SCHOLARSHIP EXPENSE -64,662,173. RECLASS GIFTS FROM RELATED ORGANIZATIONS -1,633,126. RECLASS ENDOWMENT FEES - ACIMCO -1,457,054. RECLASS RENT EXPENSES 439,487. RECLASS HUNTER WELCOME CENTER RENT -69,797. INVESTMENT EXPENSE NOT ON FINANCIAL STATEMENTS -2,199,738. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 ACU PUBLISHES ITS NONDISCRIMINATORY POLICY ON OUR PUBLIC WEB SITE, IN THE UNIVERSITY CATALOG AND ON THE APPLICATION FOR ADMISSION. SCHEDULE E, PART I, LINE 6 ABILENE CHRISTIAN UNIVERSITY RECEIVES VARIOUS RESEARCH GRANTS FROM THE STATE OF TEXAS AND OTHER GOVERNMENTAL ENTITIES. IN ADDITION, ACU RECEIVES SCHOLARSHIP GRANTS FROM FEDERAL AGENCIES AND THE STATE OF TEXAS TO ASSIST STUDENTS WITH THEIR COSTS OF EDUCATION. ACU PARTICIPATES IN THE DIRECT LOAN PROGRAM WHICH PROVIDES STUDENTS FEDERAL SUBSIDIZED LOANS TO ASSIST WITH THEIR EDUCATIONAL COSTS. EUROPE (INCLUDING ICELAND & GREENLAND) 1 1 PROGRAM SERVICES HIGHER EDUCATION 813986 1 1 0 0 1 1 813986 0 813986 1 0 0 1 1 0 X X X 1 RUFFALOCODY LLC 1025 KIRKWOOD CEDARRAPID IA 52404 FUNDRAISING 0 155813 81601 71867 155813 81601 71867 AL AK AZ AR CA CO CT DE DC FL GA HI ID IL IN IA KS KY LA ME MD MI MN MS MO MT NE NV NH NJ NM NY NC ND OH OK OR PA RI SC SD TN TX UT VT VA WA WV WI WY 1 HILLCREST CHURCH OF CHRIST 650 EAST AMBLER AVE ABILENE TX 79601 751174098 501(C)(3) 8300 GENERAL SUPPORT CHRISTIAN SERVICE CENTER 3185 NORTH 10TH STREET ABILENE TX 79603 364561080 501(C)(3) 7429 GENERAL SUPPORT ABILENE REGIONAL COUNCIL ON ALCOHOL 104 PINE SUITE 210 ABILENE TX 79601 751038849 501(C)(3) 7571 GENERAL SUPPORT AMBUCS PO BOX 1265 ABILENE TX 79604 901115274 501(C)(3) 5000 GENERAL SUPPORT FOCUS ON THE FAMILY 8605 EXPLORER DRIVE COLORADE SPRINGS CO 80920 953188150 501(C)(3) 25000 GENERAL SUPPORT ABILENE HOPE HAVEN 801 SOUTH TREADAWAY BLVD ABILENE TX 79602 752518820 501(C)(3) 5000 GENERAL SUPPORT LIVE BEYOND PO BOX 128137 NASHVILLE TN 37212 300345964 501(C)(3) 55000 GENERAL SUPPORT MINDA STREET CHILD DEVELOPMENT CENTER 855 MINDA ST ABILENE TX 79602 751723282 501(C)(3) 15000 GENERAL SUPPORT NEW HORIZONS RANCH AND CENTER INC 294 MEDICAL DRIVE ABILENE TX 79601 751530340 501(C)(3) 10000 GENERAL SUPPORT UPWORDS MINISTRIES PO BOX 692170 SAN ANTONIO TX 78269 742634842 501(C)(3) 5000 GENERAL SUPPORT 10 0 SCHOLARSHIPS - HIGHER EDUCATION 6176 64662173 PART I, LINE 2: FOR ALL SCHOLARSHIP FUNDS, STUDENT FINANCIAL SERVICES HAS ESTABLISHED SPECIFIC CRITERIA IN REGARDS TO ELIGIBILITY AND SELECTION. THE ELIGIBILITY REQUIREMENTS OF THE STUDENTS ARE DOCUMENTED AND MONITORED FOR COMPLIANCE. THE ACTUAL SCHOLARSHIPS ARE CREDITED TO THE STUDENT'S TUITION BILLS. NO SCHOLARSHIPS OR GRANTS ARE AWARDED DIRECTLY TO THE RECIPIENTS. X X X 1 1 X X X X 0 1 0 0 0 0 0 0 0 GARY MCCALEB EXECUTIVE DIRECTOR FOR THE CBC 65501 0 183620 0 6439 0 5631 0 15442 0 276633 0 0 0 JACK RICH PRESIDENT - ACIMCO 0 288668 0 104607 0 2580 0 22000 0 22081 0 439936 0 0 JAMES ORR VP ADVANCEMENT 173751 0 38493 0 5751 0 14784 0 21551 0 254330 0 0 0 KEVIN CAMPBELL SVP OF OPERATIONS 175202 0 0 0 163 0 14807 0 20310 0 210482 0 0 0 PHILIP SCHUBERT PRESIDENT 256467 0 56200 0 18351 0 22000 0 95989 0 449007 0 0 0 ROBERT RHODES PROVOST 237316 0 0 0 544 0 18500 0 19799 0 276159 0 0 0 ROYCE MONEY CHANCELLOR 93157 0 0 0 13446 0 7471 0 78684 0 192758 0 0 0 SLADE SULLIVAN GENERAL COUNSEL 165917 0 0 0 734 0 14344 0 23801 0 204796 0 0 0 STEPHEN JOHNSON VP ACADEMIC AFFAIRS 162651 0 45000 0 7502 0 13633 0 18258 0 247044 0 0 0 GREG STRAUGHN DEAN OF COLLEGE OF ARTS AND SCIENCES 154319 0 0 0 213 0 13439 0 24066 0 192037 0 0 0 KENT RIDEOUT VICE PRESIDENT - ACIMCO 0 140862 0 64164 0 792 0 12000 0 19617 0 237435 0 0 ADAM DORREL HEAD FOOTBALL COACH 222360 0 11500 0 4956 0 18400 0 18172 0 275388 0 0 0 CHARLES CRISP DEAN - COLLEGE OF BUSINESS 168301 0 0 0 238 0 14557 0 24090 0 207186 0 0 0 JOHN WEAVER DEAN - LIBRARY AND EDUC TE 162576 0 0 0 13028 0 14099 0 24102 0 213805 0 0 0 PHILIP BOONE ADVANCEMENT OFFICE 155414 0 19863 0 699 0 13264 0 20819 0 210059 0 0 0 CHRIS RILEY FORMER VP STUDENT LIFE 128741 0 0 0 975 0 10927 0 18162 0 158805 0 0 0 KELLY YOUNG FORMER CFO 143001 0 0 0 3074 0 12533 0 24052 0 182660 0 0 0 LEE DELEON FORMER DIRECTOR OF ATHLETI 62082 0 24189 0 90420 0 5225 0 13656 0 195572 0 0 0 STEVEN HOLLEY VP & CHIEF BUSINESS OFFICE 128352 0 12000 0 230 0 4867 0 14799 0 160248 0 0 0 PART I, LINE 1A CHARTER TRAVEL WAS PAID FOR ON BEHALF OF THE PRESIDENTS OFFICE. THE EXPENSE WAS NOT INCLUDED AS TAXABLE COMPENSATION BECAUSE THE TRAVEL WAS FOR A BONA FIDE BUSINESS PURPOSE. MINISTERIAL HOUSING ALLOWANCE IS OFFERED TO QUALIFIED FACULTY AND ADMINISTRATORS OF THE UNIVERSITY. TWO LISTED PERSONS RECEIVED THIS BENEFIT. THE HOUSING ALLOWANCE IS NOT INCLUDED AS TAXABLE COMPENSATION TO THE EMPLOYEE. COUNTRY CLUB DUES WERE PAID ON BEHALF OF ATHLETIC STAFF. TWO LISTED RECEIVED THIS BENEFIT. THE DUES WERE REPORTED AS TAXABLE COMPENSATION. PART I, LINE 3 IN A PREVIOUS FISCAL YEAR, ACU IMPLEMENTED SPLIT-DOLLAR LIFE INSURANCE POLICIES FOR ROYCE MONEY AND JACK RICH. THE POLICIES ARE TREATED AS LOANS TO THE EMPLOYEES AND REPRESENTATIONS AS REQUIRED BY REG 1.7872-15(D)(2) HAVE BEEN SIGNED. THE BALANCE OF THE NOTES AT THE END OF THE YEAR ARE: ROYCE MONEY - $659,516 JACK RICH - $566,697 A NEWARK HIGHER EDUCATION 465361566 2016-09-22 69011979 SEE PART VI 0 0 0 B NEWARK HIGHER EDUCATION 465361566 2016-09-22 33270000 SEE PART VI 0 0 0 C NEWARK HIGHER EDUCATION 465361566 650348AQ8 2017-12-28 13270211 SEE PART VI 0 0 0 A 69011979 793687 11515000 56703292 2018 1 0 1 1 B 3500000 32054918 159794 17269918 14625206 2018 1 0 1 1 C 13270211 265404 12359447 645360 0 0 0 1 A 0 0 0 0 0 0 1 B 0 0 0 0 0 0 1 C 0 0 0 0 0 0 1 A 0 0 1 1 1 0 0 0 1 B 0 0 1 1 1 0 0 0 1 C 0 0 1 1 1 0 0 0 1 A 0 B 0 C 0 PART I, LINE A NEW HIGHER EDUCATION FINANCE CORPORATION - ISSUED ON 9/1/16 - FACE AMOUNT $62,230,000. THE BOND WAS ISSUED AT A PREMIUM OF $6,781,979. $11,515,000 IS TO BE USED FOR STADIUM CONSTRUCTION, SCIENCE FACILITIES, AND CHRISTIAN VILLAGE RENOVATION. $56,703,292 WAS USED TO FUND THE SERIES 2001, 2003, 2005, 2006, 2009, 2010, 2011, 2013, 2014, AND 2015 BONDS. PART I, LINE B NEWARD HIGHER EDUCATION FINANCE CORPORATION - ISSUED 9/22/16 - FACE AMOUNT $33,270,000. PROCEEDS DRAWN DOWN AS OF 5/31/18 - $32,054,918. $18,485,000 IS TO BE USED FOR STADIUM CONSTRUCTION AND SCIENCE FACILITIES. $14,625,206 WAS USED TO REFUND THE SERIES 2015 BONDS. PART I, LINE C NEWARD HIGHER EDUCATION FINANCE CORPORATION - ISSUED 12/1/17 - FACE AMOUNT $11,570,000. THE BOND WAS ISSUED AT A PREMIUM OF $1,700,211. PROCEEDS WILL BE USED FOR INTERIOR COMPLETION OF THE SCIENCE BUILDING. PART IV, LINE 2C AS OF MAY 31, 2019, AN EXCEPTION APPLIES TO THE BOND REBATES. JACK RICH TRUSTEE SPLITDOLLAR LIFE INS X 566697 0 1 1 ROYCE MONEY CHANCELLOR SPLITDOLLAR LIFE INS X 659516 0 1 1 MERIT BASED SCHOLARSHIPS OFFICER/TRUSTEE RELATED 223967 TUITION DISCOUNTS OFFICER/TRUSTEE RELATED 204403 CARA LEE CRANFORD DAUGHTER OF GARY MCCALEB, FORMER VP 38658 WAGES 0 MARCIA STRAUGHN WIFE OF GREGORY STRAUGHN, FORMER PROVOST 77209 WAGES 0 RACHEL RILEY SPOUSE OF CHRIS RILEY, FORMER OFFICER 48833 WAGES 0 ELAINE ORR SPOUSE OF JAMES M ORR, VP OF ADVANCEMENT 31334 WAGES 0 HANNER CHEVROLET JANA HANNER, TRUSTEE, IS OWNER 88182 PURCHASE OF VEHICLES 0 STEFANO ELLIOT SON-IN-LAW OF ROYCE MONEY 91662 WAGES 0 BRAD CRISP SON-IN-LAW OF ROYCE MONEY 166817 WAGES 0 JACK RICH BROTHER OF ALAN RICH, TRUSTEE 395855 WAGES 0 X 1 196185 EST. VALUE X 1 1440 TAX VALUE X LIFE INSURANCE 1 39703 CASH VALUE 1 0 1 0 FORM 990, PART VI, SECTION A, LINE 2 LINE 2 EXPLANATION - JACK RICH, ALAN RICH - FAMILY RELATIONSHIP STEVE MACK, JACK GRIGGS - BUSINESS RELATIONSHIP FORM 990, PART VI, SECTION B, LINE 11B FORM 990 IS PROVIDED TO THE FULL BOARD FOR REVIEW BY POSTING THE RETURN ON THE INTERNAL PASSWORD-PROTECTED BOARD WEB SITE. THE 990 IS ALSO REVIEWED IN DETAIL BY THE AUDIT COMMITTEE OF THE BOARD OF TRUSTEES BEFORE POSTING TO BOARD WEB SITE. FORM 990, PART VI, SECTION B, LINE 12C ALL TRUSTEES AND OFFICERS COMPLETE A CONFLICT OF INTEREST QUESTIONNAIRE ANNUALLY. THE RESULTS OF THESE QUESTIONNAIRES ARE REVIEWED BY LEGAL COUNSEL AND ARE REPORTED TO THE AUDIT COMMITTEE. ALL OTHER EMPLOYEES ARE GIVEN A CONFLICT OF INTEREST QUESTIONNAIRE TO COMPLETE ANNUALLY. THESE ARE REVIEWED BY THE RESPONSIBLE DEAN OR VICE PRESIDENT TO DETERMINE IF A CONFLICT EXISTS. DEPENDING ON THE POTENTIAL CONFLICT, CONDITIONS OR RESTRICTIONS ARE ENFORCED TO REDUCE OR ELIMINATE THE CONFLICT OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15 COMPARABILITY DATA IS USED TO DETERMINE THE COMPENSATION LEVELS OF THE OFFICERS AND KEY EMPLOYEES. THE COMPENSATION OF OFFICERS AND KEY EMPLOYEES ARE DETERMINED BY THE PRESIDENT AND REVIEWED ANNUALLY BY THE COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES. COMPARABILITY DATA IS USED TO DETERMINE THE COMPENSATION LEVELS OF THE PRESIDENT. THE COMPENSATION OF THE PRESIDENT IS REVIEWED, APPROVED AND DOCUMENTED BY THE COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS, POLICIES AND FINANCIAL STATEMENTS OF ABILENE CHRISTIAN UNIVERSITY ARE POSTED ON OUR WEBSITE AND ARE AVAILABLE TO THE GENERAL PUBLIC. WE WILL ALSO PROVIDE COPIES OF THE DOCUMENTS UPON REQUEST. SCHEDULE D, PART XIV, ADDITIONAL INFORMATION TOTAL REVENUES AND EXPENSES PER ABILENE CHRISTIAN UNIVERSITY'S CONSOLIDATED AUDITED FINANCIAL STATEMENTS INCLUDE REVENUES AND EXPENSES FROM ACIMCO (26-3598377) AND GRACE L WOODWARD MEMORIAL ENDOWMENT TRUST (75-2700815). EACH OF THESE ENTITIES FILES THEIR OWN TAX RETURN, AND THEREFORE, ARE NOT INCLUDED IN REVENUES AND EXPENSES OF ABILENE CHRISTIAN UNIVERSITY'S FORM 990. ARL MUTLI-FAMILY LLC 266 HUNTER WELCOME CENTER ABILENE TX 79699 REAL ESTATE VENTURE TX ARL RETAIL LLC 266 HUNTER WELCOME CENTER ABILENE TX 79699 REAL ESTATE VENTURE TX ACIMCO 214 HUNTER WELCOME CT ACU BOX 29125 ABILENE TX 79699 263598377 INVESTMENT MANAGEMENT FOR ACU TX 501(C)3 11 TYPE I ABILENE CHRISTIAN UNIVERSITY 0 GRACE L WOODWARD MEMORIAL ENDOWMENT BOX 29125 ACU STATION ABILENE TX 79699 752700815 SUPPORT ACU TX 501(C)3 11 TYPE I ABILENE CHRISTIAN UNIVERSITY 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 GRACE L WOODWARD MEMORIAL ENDOWMENT C 1620126 ACIMCO C 100000