2018-04-13T15:28:17-05:00 2017-05-31 752393478 WHITLEY PENN LLP 8343 DOUGLAS AVENUE SUITE 400 DALLAS TX 75225 990 2016-06-01 741193459 SCHREINER UNIVERSITY SCHR 8307927368 2100 MEMORIAL BLVD KERRVILLE TX 78028 BILL MUSE VICE PRESIDENT 8307927368 2018-04-13 1 CURTIS MAXFIELD P00445178 2143939300 12.0.230.112 2018-04-13 08:24:35 CD P 7B6441DA580F43833600929B220D26E320F2C4AF 477C79233C126127AD56878610F88F23DA97249F 2016 2021-01-29 14:40:06Z BILL MUSE 2100 MEMORIAL BLVD KERRVILLE TX 78028 41529382 0 X WWW.SCHREINER.EDU X 1923 TX SCHREINER IS DEDICATED TO EXCELLENCE IN PREPARING STUDENTS TO LIVE PURPOSEFUL, HUMANE AND PRODUCTIVE LIVES IN THEIR WORK, FAITH GROUPS, FAMILIES AND COMMUNITIES. 35 35 828 200 0 0 5146374 10633784 27615756 30301881 116296 -883407 -504130 -736680 32374296 39315578 2190747 2447277 0 0 16091365 17392110 0 0 953903 13829221 13584396 32111333 33423783 262963 5891795 131022963 141747765 19195449 19597789 111827514 122149976 X AS A UNIVERSITY COMMITTED TO THE LIBERAL ARTS AS FUNDAMENTAL TO EDUCATION AND COMMITTED TO ITS AFFILIATION WITH THE PRESBYTERIAN CHURCH (USA), SCHREINER IS DEDICATED TO EXCELLENCE IN PREPARING STUDENTS TO LIVE PURPOSEFUL, HUMANE AND PRODUCTIVE LIVES IN THEIR WORK, FAITH GROUPS, FAMILIES AND COMMUNITIES. SCHREINER IS DEDICATED PRIMARILY TO EDUCATE UNDERGRADUATE STUDENTS IN THE LIBERAL ARTS, SCIENCES, AND PROFESSIONAL DISCIPLINES, PREPARING THEM FOR ENTRY INTO SPECIFIC CAREERS AND GRADUATE OR PROFESSIONAL PROGRAMS. THE UNIVERSITY ALSO FULFILLS ITS MISSION THORUGH SELECTED GRADUATE, CERTIFICATE, AND OTHER PROFESSIONAL DEVELOPMENT PROGRAMS. SCHREINER UNIVERSITY IS ACCREDITED BY THE COMMISSION ON COLLEGES OF THE SOUTHERN ASSOCIATION OF COLLEGES AND SCHOOLS TO AWARD MASTERS, BACCALAUREATE AND ASSOCIATE DEGREES. THE UNIVERSITY ALSO HOLDS ACCREDITATION BY THE TEXAS BOARD OF VOCATIONAL NURSE EXAMINERS AND IS APPROVED BY THE STATE BOARD OF EDUCATOR CERTIFICATION (SEBC) FOR TEACHER CERTIFICATION. 0 0 12293278 19578407 INSTRUCTIONAL, STUDENT SERVICES, AND ACADEMIC SUPPORT: SCHREINER UNIVERSITY OFFERS UNDERGRADUATE DEGREES IN LIBERAL ARTS, SCIENCES AND MATHEMATICS, AND PROFESSIONAL STUDIES. THE UNIVERSITY ALSO HAS GRADUATE PROGRAMS FOR A MASTER OF EDUCATION DEGREE AND A MASTER OF BUSINESS ADMINISTRATION. 2447277 2447277 SCHREINER PROVIDED 1,445 STUDENTS WITH SCHOLARSHIPS AND GRANTS TO ASSIST WITH EARNING A DEGREE AT THE UNIVERSITY. 2131577 -831752 THE UNIVERSITY PROVIDES HOUSING TO STUDENTS AND INSTITUTIONAL SUPPORT TO THE EDUCATIONAL DEPARTMENTS ON CAMPUS. 16872132 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 70 0 1 828 1 0 0 0 0 0 1 1 0 0 0 0 X 35 35 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 X HELEN WILHELM 8307927364 2100 MEMORIAL BLVD KERRVILLE TX 78028 WILLIAM HARRISON TRUSTEE/BOARD CHAIR 1.00 X X 0 0 0 T WEIR LABATT TRUSTEE/VICE CHAIR 1.00 X X 0 0 0 RON TEFTELLER TRUSTEE/SECRETARY 1.00 X X 0 0 0 GERRY GRIFFIN TRUSTEE 1.00 X 0 0 0 BUD BENNING TRUSTEE 1.00 X 0 0 0 CARLOS CAMPOS TRUSTEE 1.00 X 0 0 0 CAROL MCDONALD TRUSTEE 1.00 X 0 0 0 JANE RAGSDALE TRUSTEE 1.00 X 0 0 0 GRANGER MACDONALD TRUSTEE 1.00 X 0 0 0 DAN OSTOS TRUSTEE 1.00 X 0 0 0 NICHOLAS SERAFY TRUSTEE 1.00 X 0 0 0 DR WILLIAM REED TRUSTEE 1.00 X 0 0 0 NANCY ANGUISH TRUSTEE 1.00 X 0 0 0 TOM BALDWIN TRUSTEE 1.00 X 0 0 0 DR JO BERAN TRUSTEE 1.00 X 0 0 0 ROSS ROMMEL TRUSTEE 1.00 X 0 0 0 WARREN FERGUSON TRUSTEE 1.00 X 0 0 0 JANET MCKINNEY TRUSTEE 1.00 X 0 0 0 LEA NYE TRUSTEE 1.00 X 0 0 0 ROBERT PARKER TRUSTEE 1.00 X 0 0 0 ISRAEL PENA TRUSTEE 1.00 X 0 0 0 REV DEAN POGUE TRUSTEE 1.00 X 0 0 0 BOBBY RIOS TRUSTEE 1.00 X 0 0 0 JOHN BRANTLEY TRUSTEE 1.00 X 0 0 0 RICK CREE TRUSTEE 1.00 X 0 0 0 PAGE FOSHEE TRUSTEE 1.00 X 0 0 0 DAN HART TRUSTEE 1.00 X 0 0 0 T WEIR LABATT TRUSTEE 1.00 X 0 0 0 DR DEMMIE MAYFIELD TRUSTEE 1.00 X 0 0 0 MICHAEL PATE TRUSTEE 1.00 X 0 0 0 NANCY PAUP TRUSTEE 1.00 X 0 0 0 KARL RANSLEBEN TRUSTEE 1.00 X 0 0 0 ANGIE RICHMOND TRUSTEE 1.00 X 0 0 0 OTTO SCHWETHELM TRUSTEE 1.00 X 0 0 0 JACK TOMPKINS TRUSTEE 1.00 X 0 0 0 JB COSKEY TRUSTEE 1.00 X 0 0 0 SUE CUMMINGS TRUSTEE 1.00 X 0 0 0 REV DR DAVID EVANS TRUSTEE 1.00 X 0 0 0 CATHY HENRY TRUSTEE 1.00 X 0 0 0 REV DR ROB LOHMEYER TRUSTEE 1.00 X 0 0 0 BILL WILSON TRUSTEE 1.00 X 0 0 0 WALTER WORKMAN TRUSTEE 1.00 X 0 0 0 JAMES AVERY TRUSTEE 1.00 X 0 0 0 PETER BALDWIN TRUSTEE 1.00 X 0 0 0 CHARLIE MCCORMICK PRESIDENT 40.00 X X 159427 0 25306 CHARLES T SUMMERLIN CHANCELLOR 40.00 X 278185 0 27494 ALBERT MUSE VP ADMIN & FINANCE 40.00 X 151172 0 19962 LARRY CANTU VP ENROLLMENT 40.00 X 122129 0 12601 MARK TUSCHAK VP ADVANCEMENT 40.00 X 146395 0 25365 KAREN KILGORE SENIOR PLANNED GIVING OFFICER 40.00 X 106944 0 11816 CANDICE C SCOTT DEAN STUDENT SUCCESS 40.00 X 102631 0 16864 1066883 0 139408 5 0 1 0 HUSER CONSTRUCTION 410 COTTON GIN LN KERRVILLE TX 78028 CONSTRUCTION 14712026 PETER LEWIS ARCHITECT AND ASSOCIATES PL 334 W WATER ST KERRVILLE TX 78028 ARCHITECTURE 1107133 KERRVILLE LANDSCAPING 218 QUINLAN ST KERRVILLE TX 78028 LANDSCAPING 818058 THE ATKINS GROUP LLC 501 SOLEDAD ST SAN ANTONIO TX 78502 ONLINE ADVERTISING SERVICES 132058 TRACIE ROSE PO BOX 290134 KERRVILLE TX 78028 CLEANING SERVICE FOR DORMITORIES 103083 5 10633784 704379 10633784 TUITION AND FEES 611600 19578407 19578407 HOUSING AND MEALS 611710 7192319 7192319 ENDOWMENT INCOME-CURRENT OPERATIO 611710 2373054 2373054 OTHER INCOME 611710 1093530 1093530 MUSEUM & PRINT SHOP 611710 64571 64571 30301881 13738 13738 95072 0 95072 95072 95072 241311 31553 1106903 209758 -1106903 -897145 -897145 243596 1075348 -831752 -831752 39315578 18746655 0 9935139 2447277 2447277 910363 298845 455806 155712 12373781 8810314 3029955 533512 490540 335957 128785 25798 2731349 1578051 1151428 1870 886077 605690 233594 46793 33404 33404 74450 74450 350456 75501 274955 1237720 973619 237594 26507 1322480 1322480 670962 591367 64260 15335 85632 75607 10025 337765 3500 334265 3570960 3570960 454734 42330 412404 FOOD SERVICE 2029288 17492 2011796 SOFTWARE MAINTENANCE 828673 61773 736472 30428 RECRUITING 604632 104590 500042 REPAIRS, MAINT, EQUIP 517893 87403 429790 700 1465347 762816 585283 117248 33423783 16872132 15597748 953903 4444170 5065285 2138380 1588893 940238 1022420 836061 739581 111243534 46971850 62568807 64271684 55994407 64044523 4100900 5015379 131022963 141747765 2029333 2299280 2927375 2187265 13503000 14484000 468748 374997 266993 252247 19195449 19597789 X 64411483 63115125 8933573 14167186 38482458 44867665 111827514 122149976 131022963 141747765 X 5891795 4445095 -14428 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 64823267 5559035 6511967 -2499071 5208822 74184518 63446714 1141645 -2220115 -2455023 64823267 62040263 527053 3810700 2931302 63446714 57722209 656061 6213160 2551167 62040263 50427035 1647285 8022899 2375010 57722209 0.21180 0.64850 0.13970 0 0 1093508 1093508 65342464 46971850 18370614 19242387 19242387 25565175 25565175 64271684 ASSET RETIREMENT OBLIGATION 247146 CAPITAL LEASE OBLIGATION 5101 252247 X 42388744 4445095 -2447277 1997818 40390926 -1075348 -1075348 39315578 32066282 1089776 1089776 30976506 2447277 2447277 33423783 PART X, LINE 2: THE UNIVERSITY IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501 (C)(3) OF THE INTERNAL REVENUE CODE. THE UNIVERSITY HAD NO SOURCES OF UNRELATED BUSINESS INCOME AND ACCORDINGLY, NO PROVISION HAS BEEN MADE FOR FEDERAL INCOME TAX. IN ADDITION, THE IRS HAS DETERMINED THAT THE UNIVERSITY IS NOT A PRIVATE FOUNDATION. HOWEVER, THE UNIVERSITY MAY BE SUBJECT TO INCOME TAXES ON UNRELATED BUSINESS INCOME THAT IS DERIVED FROM ACTIVITIES NOT IN FURTHERANCE OF THE PURPOSES FOR WHICH IT WAS GRANTED EXEMPTION. THE UNIVERSITY RECOGNIZES THE EFFECT OF INCOME TAX POSITIONS ONLY IF THOSE POSITIONS ARE MORE LIKELY THAN NOT OF BEING SUSTAINED. RECOGNIZED INCOME TAX POSITIONS ARE MEASURED AT THE LARGEST AMOUNT THAT IS GREATER THAN 50% LIKELY OF BEING REALIZED. CHANGES IN RECOGNITION OR MEASUREMENT ARE REFLECTED IN THE PERIOD IN WHICH THE CHANGE IN JUDGMENT OCCURS. THE UNIVERSITY HAS ELECTED TO RECOGNIZE ACCRUED INTEREST AND PENALTIES RELATED TO INCOME TAX MATTERS, IF THEY OCCUR, AS A COMPONENT OF INCOME TAX EXPENSE. MANAGEMENT BELIEVES THAT THERE ARE NO SIGNIFICANT UNCERTAIN TAX POSITIONS AS OF MAY 31, 2017. PART XI, LINE 2D - OTHER ADJUSTMENTS: SCHOLARSHIPS AND GRANTS RECLASSIFICATION -2,447,277. PART XI, LINE 4B - OTHER ADJUSTMENTS: COST OF GOODS SOLD RECLASSIFICATION -1,075,348. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD RECLASSIFICATION 1,075,348. ASSET RETIREMENT OBLIGATION 14,428. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS AND GRANTS RECLASSIFICATION 2,447,277. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 1 SCHOLARSHIPS TO STUDENTS 1445 2447277 N/A N/A PART I, LINE 2 THE UNIVERSITY PROVIDES SCHOLARSHIP, GRANT, LOAN, AND WORK STUDY OPPORTUNITIES TO QUALIFIED STUDENTS. THESE FUNDS ARE OFFERED TO STUDENTS ON AN OBJECTIVE AND NONDISCRIMINATORY BASIS. EACH PROGRAM HAS DIFFERENT CRITERIA AND EACH CASE IS CONSIDERED SEPARATELY. THERE IS A WRITTEN POLICY AND GUIDELINES TO ASSIST STUDENTS AS THEY SEEK THE APPROPRIATE FINANCIAL AID PACKAGE. RECORDS ARE MAINTAINED FOR THE GRANTED AWARDED. X 0 0 0 0 0 0 0 0 0 CHARLIE MCCORMICK PRESIDENT 159427 0 0 0 0 0 9961 0 15345 0 184733 0 0 0 CHARLES T SUMMERLIN CHANCELLOR 268185 0 10000 0 0 0 17031 0 10463 0 305679 0 0 0 ALBERT MUSE VP ADMIN & FINANCE 151172 0 0 0 0 0 9417 0 10545 0 171134 0 0 0 MARK TUSCHAK VP ADVANCEMENT 146395 0 0 0 0 0 9317 0 16048 0 171760 0 0 0 A THE CITY OF TERELL HILLS 521830729 2010-11-04 15660000 REFUNDING BONDS 0 0 0 B THE CITY OF HONDO 463435250 2013-08-20 2500000 CAPITAL EXPENDITURES 0 0 0 C THE CITY OF SHAVANO PARK 741294692 2016-09-30 2000000 CAPITAL EXPENDITURES 0 0 0 A 15660000 227732 4384499 1 0 1 1 B 2500000 50000 2450000 0 0 1 1 C 2000000 40000 1960000 0 0 1 1 A 0 0 0 0 0 0 0 0 0 B 0 0 0 0 0 0 0 0 C 0 0 0 0 0 0 0 0 0 A 0 B 0 C 0 X 5 3850 FAIR MARKET VALUE X 4 699379 FAIR MARKET VALUE X MUSICAL INSTRUMENTS 2 6550 FAIR MARKET VALUE 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B FORM 990 IS PREPARED BY THE CPA FIRM FROM THE AUDITED FINANCIAL STATEMENTS. THE FORM AND ALL SUPPORTING SCHEDULES ARE REVIEWED BY THE CONTROLLER AND OTHER OFFICERS OF THE UNIVERSITY. THE FORM 990 IS THEN PROVIDED TO THE MEMBERS OF THE FINANCE COMMITTEE VIA EMAIL. ONCE APPROVED THE RETURN IS FILED ELECTRONICALLY PER IRS REQUIREMENTS. FORM 990, PART VI, SECTION B, LINE 12C KEY EMPLOYEES, VOLUNTEERS AND BOARD MEMBERS MUST SIGN A CONFLICT OF INTEREST DISCLOSURE FORM EVERY YEAR. NEW VENDORS ARE ADDED AFTER THE REQUESTING EMPLOYEE HAS AFFIRMED THAT THERE ARE NO CONFLICTS OF INTEREST. FORM 990, PART VI, SECTION C, LINE 19 THE CONFLICT OF INTEREST POLICY AND THE BYLAWS ARE AVAILABLE ON THE UNIVERSITY'S WEBSITE. THE FINANCIAL STATEMENTS ARE AVAILABLE IN THE FINANCIAL SERVICES OFFICE UPON REQUEST. FORM 990, PART XI, LINE 9: ASSET RETIREMENT OBLIGATION -14,428. FORM 990, PART XII, LINE 2C: THE ORGANIZATION DID NOT CHANGE ITS OVERSIGHT PROCESS OR SELECTION PROCESS OF THE INDEPENDENT ACCOUNTANT DURING THE TAX YEAR.