2019-02-19T11:12:43-06:00 2018-05-31 450250958 EIDE BAILLY LLP 400 PINE ST STE 600 ABILENE TX 796015190 990 2017-06-01 750851900 ABILENE CHRISTIAN UNIVERSITY ABIL 3256742000 ACU BOX 29120 ABILENE TX 796999120 KEVIN CAMPBELL SENIOR VP 3256742000 2019-02-12 1 JOE MELSON CPA P00158111 3256724000 2019-02-10 98.158.241.18 2019-02-12 06:20:21 CS P 13DA05C2C58D648FAF9626AC7C774852A76B6871 DFB555FE225C921DCBFA4A71AF078D82D8FE5EDF 2017 2019-02-21 02:37:17Z KEVIN CAMPBELL ACU BOX 29120 ABILENE TX 796999120 277141508 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. 33 31 2844 0 -2098950 0 28352725 22403358 152269762 162063847 24102013 19259809 6587999 6731059 211312499 210458073 61791943 63675616 0 0 73806173 77777305 61128 150537 4777808 61216066 65537718 196875310 207141176 14437189 3316897 672450379 732351720 179703543 198965293 492746836 533386427 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 122813038 63675616 138502938 ABILENE CHRISTIAN UNIVERSITY IS A HIGHER EDUCATION INSTITUTION WHICH SERVES APPROXIMATELY 5,100 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. 21279025 19876602 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. 2949489 3684307 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. 147041552 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 1 654 0 1 2844 1 1 1 1 UK 0 0 0 1 1 0 0 0 0 0 0 0 X 33 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 TOD BROWN TRUSTEE 1.00 X 0 0 0 LANCE BARROW TRUSTEE 1.00 X 0 0 0 RALPH DRAPER TRUSTEE 1.00 X 0 0 0 JACK GRIGGS TRUSTEE 1.00 X 0 0 0 BELINDA HARMON TRUSTEE 1.00 X 0 0 0 KYLE HAMMOND TRUSTEE 1.00 X 0 0 0 CAROLE PHILLIPS TRUSTEE 1.00 X 0 0 0 JAMES PORTER TRUSTEE 1.00 X 0 0 0 JEFFREY KNIGHT TRUSTEE 1.00 X 0 0 0 MARK DUNCUM TRUSTEE 1.00 X 0 0 0 STEVE MACK TRUSTEE 1.00 X X 0 0 0 WAYNE MASSEY TRUSTEE 1.00 X 0 0 0 BILL PETTY TRUSTEE 1.00 X X 0 0 0 EDDIE SHARP JR 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 ALAN RICH TRUSTEE 1.00 X 0 0 0 RICK WESSEL TRUSTEE 1.00 X 0 0 0 RICK ATCHLEY TRUSTEE 1.00 X 0 0 0 BILL MINICK TRUSTEE 1.00 X 0 0 0 MARELYN SHEDD TRUSTEE 1.00 X 0 0 0 JANA HANNER TRUSTEE 1.00 X 0 0 0 ELISE MITCHELL TRUSTEE 1.00 X 0 0 0 RANDY OWEN TRUSTEE 1.00 X 0 0 0 KAY SKELTON TRUSTEE 1.00 X 0 0 0 APRIL ANTHONY TRUSTEE 1.00 X 0 0 0 STAN STEPHENS TRUSTEE 1.00 X 0 0 0 CECIL EAGER TRUSTEE 1.00 X 0 0 0 GUY LEWIS TRUSTEE 1.00 X 0 0 0 ARTHUR CULPEPPER TRUSTEE 1.00 X 0 0 0 MITCH WILBURN TRUSTEE 1.00 X 0 0 0 SUZANNE ALLMON SENIOR ADVISOR TO THE PRESIDENT 40.00 X 114798 0 22203 ROBERT RHODES PROVOST 40.00 X 238600 0 36493 JAMES ORR VP ADVANCEMENT 40.00 X 178086 0 29043 ROYCE MONEY CHANCELLOR 40.00 X 130632 0 86993 PHILIP SCHUBERT PRESIDENT 40.00 X 292106 0 112545 SLADE SULLIVAN GENERAL COUNSEL 40.00 X 166468 0 35683 STEVEN HOLLEY VP & CHIEF BUSINESS OFFICER 40.00 X 174186 0 23128 KEVIN CAMPBELL CF ENROLLMENT 40.00 X 154350 0 40071 STEPHEN JOHNSON VP ACADEMIC AFFAIRS 40.00 X 145265 0 28474 WENDY JONES CHIEF HR OFFICER 40.00 X 119205 0 20956 JACK RICH PRESIDENT - ACIMCO 1.00 40.00 X 0 366864 41244 KENT RIDEOUT VICE PRESIDENT - ACIMCO 1.00 40.00 X 0 190638 29367 GREG STRAUGHN DEAN 40.00 X 153695 0 31679 JOHN WEAVER DEAN - LIBRARY AND EDUC TECHNOLOGY 40.00 X 175285 0 35450 PHILIP BOONE ADVANCEMENT OFFICE 40.00 X 172454 0 31649 CHARLES CRISP DEAN - COLLEGE OF BUSINESS 40.00 X 170019 0 36222 ADAM DORREL HEAD FOOTBALL COACH 40.00 X 228983 0 33054 KYLE TIPPENS COBA PROFRESSOR 40.00 X 122259 0 29012 GARY MCCALEB FORMER VP 40.00 X 155375 0 24940 LEE DELEON FORMER DIRECTOR OF ATHLETICS 40.00 X 169160 0 28125 CHRIS RILEY FORMER VP STUDENT LIFE 40.00 X 143570 0 30207 KELLY YOUNG FORMER CFO 40.00 X 154474 0 35038 BILLIE CURREY FORMER VP FOR DEVELOPMENT 40.00 X 126156 0 15425 3485126 557502 837001 21 1 1 0 HOAR CONSTRUCTION LLC 1300 WEST SAM HOUSTON PKWY SOUTH HOUSTON TX 77042 CONSTRUCTION 10511807 ARAMARK 1101 MARKET ST PHILADEPHIA PA 19107 FOOD SERVICE 6299234 WFF FACILITY SERVICE 1600 CAMPUS COURT ABILENE TX 79601 CUSTODIAL 3513172 BONTKE BROTHERS CONSTRUCTION 102 COLLEGE DRIVE ABILENE TX 79601 CONSTRUCTION 1544559 BARR ROOFING COMPANY 3602 SOUTH TREADAWAY ABILENE TX 79602 CONSTRUCTION 1335614 90 1560573 5294081 15548704 89703 22403358 TUITION AND FEES 611710 138502938 138502938 AUXILIARY ENTERPRISES 611710 19876602 19876602 EDUCATION SERVICES 611710 3684307 3684307 162063847 6020752 -2177639 8198391 5194894 5194894 1291494 471494 820000 820000 71645 748355 78034315 78295 64873553 0 13160762 78295 13239057 13239057 1468071 1338388 129683 7044 122639 OTHER INCOME 611710 586482 586482 586482 210458073 162650329 -2098950 27503336 192957 192957 63482659 63482659 3055143 513930 1922127 619086 57825923 42103668 13405373 2316882 2844345 2070998 659384 113963 10262045 7471532 2379369 411144 3789849 2759429 878574 151846 60554 60554 132935 132935 150537 150537 1458317 1458317 5091835 2508395 2395683 187757 2840554 282783 2236460 321311 5253217 3217427 1859322 176468 4170313 1959844 2186570 23899 253073 254380 -1307 7105761 1904133 5198474 3154 5976666 5226462 561963 188241 525794 417188 100110 8496 6149879 6149879 9917617 9917617 795506 229322 566184 DINING SERVICE CONTRACT 6234607 6073370 161237 REPAIRS, MAINTENANCE & 4829039 2396174 2430767 2098 STUDENT DEVELOPMENT/REC 1083925 1083925 OTHER EXPENSES 814148 718378 87794 7976 2843978 2174598 573123 96257 207141176 147041552 55321816 4777808 130388 973640 6580358 20954504 35731421 18098157 7056936 12055133 2212482 784000 4752005 4565350 392966107 128531239 248074674 264434868 111245829 121741599 218541437 250993034 38124849 37751435 672450379 732351720 21057054 23075452 86835598 103800000 41885000 41885000 759049 25188 29166842 30179653 179703543 198965293 X 246813574 273202771 161023915 175987764 84909347 84195892 492746836 533386427 672450379 732351720 3316897 37322694 0 X 0 1 X 1 1 1 X 0 1 0 0 0 0 1 1487 0 0 1487 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 115000 322255 1883070 1 1 0 0 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 330702573 10557358 47458255 5936687 11146454 1208747 370426298 0.41320 0.23710 0.34970 0 1 1 3436579 3436579 331922346 106282377 225639969 26658855 22187332 4471523 22388126 8560201 61530 30886797 264434868 41729899 F INTERNATIONAL EMERGING 32432124 F HEDGE FUNDS 54273296 F PRIVATE EQUITY VENTURE CAPITAL 51311504 F ENERGY AND NATURAL RESOURCES 66831245 F CASH EQUIVALENTS 3825425 F OTHER SECURITIES 589541 F 250993034 INSURANCE RECEIVABLE 1959694 MINERAL INTERESTS 32347227 OTHER INVESTMENTS 731147 ASSETS HELD BY EXTERNAL TRUSTEES 2713367 37751435 DEPOSITS AND OTHER LIABILITIES 9072405 RESERVE FOR SPLIT INT AGREEMENTS 18609695 DEBT ISSUANCE COST AND BOND PREMIUM 2497553 30179653 X 190059328 37322692 -57721437 -20398745 210458073 0 210458073 145486263 -61654913 -61654913 207141176 0 207141176 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, 2017 AND 2016, 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, 2017, THE UNIVERSITY'S TAX YEARS 2011 TO 2017 REMAIN SUBJECT TO EXAMINATION. PART XI, LINE 2D - OTHER ADJUSTMENTS: RECLASS SCHOLARSHIPS TO EXPENSE -63,482,659. WOODWARD ENDOWMENT TRUST 5,502,141. ACIMCO 1,581,680. RECLASS COST OF GOODS SOLD 1,338,388. RECLASS RELATED ORGANIZATION GIFTS -1,560,573. RECLASS ENDOWMENT FEES - ACIMCO -1,458,317. RECLASS RENTAL EXPENSES 412,521. RECLASS HUNTER WELCOME CENTER RETURN -54,618. PART XII, LINE 2D - OTHER ADJUSTMENTS: WOODWARD EXPENSES 1,556,257. ACIMCO EXPENSES 1,594,091. RECLASS COST OF GOOD SOLD 1,338,388. RECLASS SCHOLARSHIP EXPENSE -63,482,659. RECLASS GIFTS FROM RELATED ORGANIZATIONS -1,560,573. RECLASS ENDOWMENT FEES - ACIMCO -1,458,317. RECLASS RENT EXPENSES 412,521. RECLASS HUNTER WELCOME CENTER RENT -54,621. 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 663700 1 1 0 0 1 1 663700 0 663700 1 0 0 1 1 0 X X X 1 RUFFALOCODY LLC 1025 KIRKWOOD CEDARRAPID IA 52404 FUNDRAISING 0 150537 86501 75689 150537 86501 75689 AK AZ CO MA NH OR WA AL AR CA CT FL GA HI IL KS KY LA MD ME MI MN MO MS NJ NM NY NC ND OH OK PA RI SC TN UT VA WV WI 1 HILLCREST CHURCH OF CHRIST 650 EAST AMBLER AVE ABILENE TX 79601 751174098 8200 GENERAL SUPPORT PRESTON ROAD CHURCH OF CHRIST 6409 PRESTON ROAD DALLAS TX 75205 750945932 75000 GENERAL SUPPORT SOUTHERN HILLS CHURCH OF CHRIST 3364 BUFFALO GAP ROAD ABILENE TX 79605 751178335 10250 GENERAL SUPPORT TEXAS RAMP PROJECT INC 408 FOREST GROVE RICHARDSON TX 75080 331139484 8557 GENERAL SUPPORT UNIVERSITY CHURCH OF CHRIST 733 EN 16TH STREET ABILENE TX 79601 750808772 5963 GENERAL SUPPORT ABILENE HOPE HAVEN 801 SOUTH TREADAWAY BLVD ABILENE TX 79602 752518820 10145 GENERAL SUPPORT BIG BROTHERS BIG SISTERS OF CENTRAL TEXAS 450 E JOHN CARPENTER FWY IRVING TX 75062 750800632 11782 GENERAL SUPPORT DISABILITY RESOURCES 3602 NORTH CLACK ABILENE TX 79601 752157839 10000 GENERAL SUPPORT NEW HORIZONS RANCH AND CENTER INC 294 MEDICAL DRIVE ABILENE TX 79601 751530340 10000 GENERAL SUPPORT 9 0 SCHOLARSHIPS - HIGHER EDUCATION 5319 63482659 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 ROBERT RHODES PROVOST 237906 0 0 0 694 0 18000 0 18493 0 275093 0 0 0 JAMES ORR VP ADVANCEMENT 172615 0 0 0 5471 0 9140 0 19903 0 207129 0 0 0 ROYCE MONEY CHANCELLOR 102986 0 0 0 27646 0 9573 0 77420 0 217625 0 0 0 PHILIP SCHUBERT PRESIDENT 229490 0 37380 0 25236 0 18000 0 94545 0 404651 0 0 0 SLADE SULLIVAN GENERAL COUNSEL 165714 0 0 0 754 0 14200 0 21483 0 202151 0 0 0 STEVEN HOLLEY VP & CHIEF BUSINESS OFFICER 173951 0 0 0 235 0 7207 0 15921 0 197314 0 0 0 KEVIN CAMPBELL CF ENROLLMENT 154219 0 0 0 131 0 13600 0 26471 0 194421 0 0 0 STEPHEN JOHNSON VP ACADEMIC AFFAIRS 143184 0 0 0 2081 0 12000 0 16474 0 173739 0 0 0 JACK RICH PRESIDENT - ACIMCO 0 286621 0 77687 0 2556 0 21600 0 19644 0 408108 0 0 KENT RIDEOUT VICE PRESIDENT - ACIMCO 0 129141 0 60795 0 702 0 11020 0 18347 0 220005 0 0 GREG STRAUGHN DEAN 153486 0 0 0 209 0 9933 0 21746 0 185374 0 0 0 JOHN WEAVER DEAN - LIBRARY AND EDUC TECHNOLOGY 162635 0 0 0 12650 0 13953 0 21497 0 210735 0 0 0 PHILIP BOONE ADVANCEMENT OFFICE 148325 0 23570 0 559 0 12612 0 19037 0 204103 0 0 0 CHARLES CRISP DEAN - COLLEGE OF BUSINESS 168534 0 0 0 1485 0 14448 0 21774 0 206241 0 0 0 ADAM DORREL HEAD FOOTBALL COACH 224741 0 0 0 4242 0 18000 0 15054 0 262037 0 0 0 KYLE TIPPENS COBA PROFRESSOR 122121 0 0 0 138 0 10065 0 18947 0 151271 0 0 0 GARY MCCALEB FORMER VP 143377 0 0 0 11998 0 11752 0 13188 0 180315 0 0 0 LEE DELEON FORMER DIRECTOR OF ATHLETICS 138800 0 22500 0 7860 0 11646 0 16479 0 197285 0 0 0 CHRIS RILEY FORMER VP STUDENT LIFE 132709 0 0 0 10861 0 11352 0 18855 0 173777 0 0 0 KELLY YOUNG FORMER CFO 154053 0 0 0 421 0 13290 0 21748 0 189512 0 0 0 BILLIE CURREY FORMER VP FOR DEVELOPMENT 121274 0 0 0 4882 0 2493 0 12932 0 141581 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 THE PRIOR YEAR 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 - $644,424 JACK RICH - $516,602 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 2054918 32054918 159794 17269918 14625206 2018 1 0 1 1 C 13270211 316790 6570403 6383018 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 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, 2018, AN EXCEPTION APPLIES TO THE BOND REBATES. JACK RICH TRUSTEE SPLITDOLLAR LIFE INS X 516602 516602 0 1 1 ROYCE MONEY CHANCELLOR SPLITDOLLAR LIFE INS X 644424 644424 0 1 1 1161026 MERIT BASED SCHOLARSHIPS OFFICER/TRUSTEE RELATED 252413 TUITION DISCOUNTS OFFICER/TRUSTEE RELATED 279769 CARA LEE CRANFORD DAUGHTER OF GARY MCCALEB, FORMER VP 43375 WAGES 0 MARCIA STRAUGHN WIFE OF GREGORY STRAUGHN, FORMER PROVOST 71583 WAGES 0 RACHEL RILEY SPOUSE OF CHRIS RILEY, FORMER OFFICER 33167 WAGES 0 ELAINE ORR SPOUSE OF JAMES M ORR, VP OF ADVANCEMENT 31970 WAGES 0 HANNER CHEVROLET JANA HANNER, TRUSTEE, IS OWNER 139657 PURCHASE OF VEHICLES 0 JACK RICH BROTHER OF ALAN RICH, TRUSTEE 368820 WAGES 0 X MINERAL INTEREST 1 40000 EST. VALUE X LIFE INSURANCE 1 39703 CASH VALUE X CEMETARY PLOT 1 10000 EST. VALUE 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 1550957 ACIMCO C 90000