2020-01-09T06:52:48-06:00 2019-06-30 BKD LLP 190 E Capitol Street Ste 500 Jackson MS 392012190 990 2018-07-01 640303069 Belhaven University % DAVID TARRANT BELH 6019688705 1500 Peachtree Street Jackson MS 39202 DAVID TARRANT CFO 6019688705 2020-01-15 true Fatima Chase CPA P01677201 6019486700 2020-01-15 167.68.126.162 64248120200095000000 2020-01-09 P 6A1D99355E63E1E2B951C629597D7F40CF219E97 964D791E5BA400E9D5C434A48C5D78239BDB96EF 2018 2020-09-23 17:36:50Z DAVID TARRANT 1500 Peachtree Street Jackson MS 39202 63182253 false X WWW.BELHAVEN.EDU X 1883 MS BELHAVEN UNIVERSITY (BELHAVEN) IS A CHRISTIAN LIBERAL ARTS UNIVERSITY DEDICATED TO EXCELLENCE IN CHRISTIAN HIGHER EDUCATION. 31 29 1330 29 104438 0 2136600 4111536 58495624 57044728 241035 88901 657739 798512 61530998 62043677 14546705 12554273 0 0 27512680 29519674 0 0 0 21523296 22011701 63582681 64085648 -2051683 -2041971 67977275 66226689 32051169 32718780 35926106 33507909 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 46749159 12554274 52536481 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 27 UNDERGRADUATE MAJORS 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. FOR NON-TRADITIONAL, WORKING ADULTS, BELHAVEN ALSO OFFERS ADULT AND GRADUATE DEGREE PROGRAMS IN JACKSON, AS WELL AS IN SOUTHAVEN, MS, ATLANTA, CHATTANOOGA, HOUSTON, DALTON, GA, AND MEMPHIS. ACCREDITED ONLINE DEGREE PROGRAMS ARE ALSO AVAILABLE FOR STUDENTS WHO DESIRE DISTANCE LEARNING WITH A CHRISTIAN CURRICULUM. BELHAVEN HAS AN ENROLLMENT OF APPROXIMATELY 6,200 STUDENTS, INCLUDING APPROXIMATELY 4,500 STUDENTS ENROLLED IN ITS NONTRADITIONAL PROGRAM. 2982860 5041416 AUXILIARY EXPENSES-DORMITORIES, CAFETERIA, VENDING MACHINES, BOOKSTORE AND POST OFFICE. 49732019 true true false false false false false true false true true false false false true false true false true false false false false false false false false false true true false false false true false false false true false false false false false false false false false false 50 0 1330 true true true false false false false false false false false false false false false false false X 31 29 true false false false false false false true true false false true true true true true true true false false X DAVID TARRANT 6019688778 1500 PEACHTREE STREET JACKSON MS 39202 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 Doug Hederman 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 Rev Jay Kyle 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 Hugh Potts Jr Trustee 1.0 0.0 X 0 0 0 Karen Taylor Trustee 1.0 0.0 X 0 0 0 Dr W Lynn Stringer 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 Roger Parrott President 40.0 0.0 X 423405 0 110210 Bradford M Smith Provost 40.0 0.0 X 105240 0 6853 Kevin Russell VP for Enrollment & Univ Mktg 40.0 0.0 X 136067 0 21612 Audrey Kelleher VP for Adult & Grad Enrollment 40.0 0.0 X 139268 0 11218 Scott Little VP for Stud Affairs & Athletic 40.0 0.0 X 116817 0 10048 Jeffrey L Rickels VP for University Advancement 40.0 0.0 X 114900 0 6008 David Tarrant CFO 40.0 0.0 X 135701 0 20032 Samuel McCorkle Head Football 1.0 0.0 X 100703 0 11369 1272101 0 197350 8 false true false MMI DINING SYSTEMS 1000 RED FERN PLACE FLOWOOD MS 39232 DINING SERVICES 1401732 1 4111536 15852 4111536 Tuition & Fees 611310 52536481 52536481 Auxiliary Enterprises 611710 9621 9621 Housing Revenue 721310 4498626 4498626 57044728 125815 125815 0 0 290690 290690 0 290690 290690 -32596 25685 30003 -32596 -4318 -36914 -36914 0 0 0 0 0 0 978788 1108573 -129785 -129785 Miscellaneous Revenues 900099 533169 533169 Camp Meals 722320 104438 104438 637607 62043677 57577897 104438 249806 0 12554273 12554273 0 0 1493185 473576 1019609 0 22659289 18102431 4556858 1047851 843002 204849 2659403 2134565 524838 1659946 1284211 375735 0 80675 80675 126934 126934 0 0 34139 34139 147491 45310 102181 2621759 2383548 238211 1365229 961209 404020 0 0 3584640 1594381 1990259 825081 689997 135084 0 160338 133326 27012 1253086 1224818 28268 0 3022956 2564570 458386 610679 610679 CONTRACT EXPENSE 3405930 2831459 574471 0 RECRUITING EXPENSE 1636272 208772 1427500 0 DEPARTMENTAL EXPENSE 731565 509190 222375 0 BAD DEBT EXPENSE 603874 0 603874 0 1801053 1193381 607672 64085648 49732019 14353629 0 516787 1864283 0 0 219000 1061190 2158187 1959781 118917 97000 0 0 737322 663822 762368 225888 161731 166496 98164778 44539969 57152013 53624809 6028097 6446710 68082 63540 0 0 0 0 54771 53170 67977275 66226689 993462 1427415 0 0 4234243 3836355 0 0 0 0 0 0 25184662 25336174 0 0 1638802 2118836 32051169 32718780 X 27063615 25450300 4092428 3205181 4770063 4852428 35926106 33507909 67977275 66226689 X -2041971 235843 -612069 X false true X true true true X 4198533 5112796 2063186 2136600 4111536 17622651 0 0 4198533 5112796 2063186 2136600 4111536 17622651 4392532 13230119 571816 519356 471062 618250 416505 2596989 0 280537 407797 558949 191572 403384 1842239 22061879 287283440 0.59968 0.49621 X Schedule A, Part II, Lines 9 & 10: The university has updated line 10 other income for tax years 2014 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 152000 X X DISPLAYED IN UNIV LIBRARY false 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 4824162 106206 103585 106206 33397 4894350 0.00000 0.77780 0.22220 false false 1182909 1182909 69085749 24344303 44741447 26274862 19971097 6303764 1621263 224573 1396689 53624809 0 Obligation Under Interest Rate Swap 856375 Funds Held For Others 57216 Annuities Payable 79232 Advances from Government 674305 Deferred Lease Liability 340991 Security Deposits 110717 2118836 50221751 235843 -13166342 -12930499 63152250 -1108573 -1108573 62043677 52639948 1108573 1108573 51531375 12554273 12554273 64085648 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: ($612,069) SCHOLARSHIPS & FINANCIAL AID: ($12,554,273) TOTAL DIFFERENCE= ($13,166,342) Schedule D, Part XI Line 4b COST OF GOODS SOLD: ($1,108,573) TOTAL DIFFERENCE: ($1,108,573) Schedule D, Part XII Line 2d COST OF GOODS SOLD: $1,108,573 TOTAL DIFFERENCE: $1,108,573 Schedule D, Part XII Line 4b SCHOLARSHIPS & FINANCIAL AID: $12,554,273 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. Expenditures of federal awards for the year ended June 30, 2019 were $47,094,170. true Scholarships & Grants 2577 12554273 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 6/30/2019, 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 423405 0 0 22000 88210 533615 0 Kevin Russell VP for Enrollment & Univ Mktg 136067 0 0 11673 9939 157679 Audrey Kelleher VP for Adult & Grad Enrollment 139268 0 0 10647 571 150486 David Tarrant CFO 135701 0 0 11182 8850 155733 SCHEDULE J, PART I, LINE 1A THE PRESIDENT RECEIVES A HOUSING ALLOWANCE AS AN ORDAINED MINISTER. Dr Roger Parrot OFFICER Housing Loan X 245000 52000 false true true David Tarrant OFFICER Housing Loan X 50000 45000 false true true 97000 See Part V See Part V 1401732 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. 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: ($612,069)