2018-05-11T15:53:43-05:00 2017-06-30 BKD LLP 190 E Capitol Street Ste 500 Jackson MS 392012190 990 2016-07-01 640303069 Belhaven University % DAVID TARRANT BELH 6019688705 1500 Peachtree Street Jackson MS 39202 DAVID TARRANT CFO 6019688705 2018-05-15 true Mary F Overstreet CPA P01270094 6019486700 167.68.126.162 64248120181315000003 2018-05-11 P 468D4A6F67C914A138C9D1D024C98E150145FE59 7DC51956D2238C04C409C4EFF13BED64C01714B6 2016 2021-01-29 14:40:06Z DAVID TARRANT 1500 Peachtree Street Jackson MS 39202 64057877 false X WWW.BELHAVEN.EDU X 1883 MS BELHAVEN UNIVERSITY (BELHAVEN) IS A CHRISTIAN LIBERAL ARTS UNIVERSITY DEDICATED TO EXCELLENCE IN CHRISTIAN HIGHER EDUCATION. 28 26 1264 26 121674 0 5112796 2063186 57986704 59787834 203400 294352 730419 919693 64033319 63065065 14551928 15182029 0 0 25543624 26712260 0 0 492066 20057117 20717495 60152669 62611784 3880650 453281 71156562 70491405 30473927 28901603 40682635 41589802 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 51950649 15182029 55184508 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, ORLANDO, 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 6,300 STUDENTS, INCLUDING APPROXIMATELY 5,000 STUDENTS ENROLLED IN ITS NONTRADITIONAL PROGRAM. 1736928 4798773 AUXILIARY EXPENSES-DORMITORIES, CAFETERIA, VENDING MACHINES, BOOKSTORE AND POST OFFICE. 53687577 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 true false false false false false true false false false true true false false false false false false false false true 34 0 1264 true true true false false false false false false false false false false false false X 28 26 true false false false false false false true true false false true true true true true true true false false X DAVID TARRANT 6019688779 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 Moran Pope 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 Roger Parrott President 40.0 0.0 X 398089 0 126719 Daniel Fredericks Senior VP & Provost 40.0 0.0 X 158054 0 21184 Kevin Russell VP for Enrollment & Univ Mktg 40.0 0.0 X 111975 0 21079 Audrey Kelleher VP for Adult & Grad Enrollment 40.0 0.0 X 132600 0 19039 Scott Little VP for Stud Affairs & Athletic 40.0 0.0 X 113568 0 3780 Virginia Henderson CFO (7/2016-5/2017) 40.0 0.0 X 117841 0 16667 Jeffrey L Rickels VP for University Advancement 40.0 0.0 X 116621 0 6473 David Tarrant CFO 40.0 0.0 X 0 0 0 1148748 0 214941 7 false true false 0 2063186 65776 2063186 Tuition & Fees 611310 55184508 55184508 Auxiliary Enterprises 611710 23795 23795 Housing Revenue 721310 4579531 4579531 59787834 231992 231992 0 0 239070 239070 0 239070 239070 88454 419977 446071 88454 -26094 62360 62360 0 0 0 0 0 0 910243 546741 363502 363502 Miscellaneous Revenues 900099 195447 195447 Camp Meals 722320 121674 121674 317121 63065065 59983281 121674 896924 0 15182029 15182029 0 0 1388845 400769 863900 124176 0 21763649 19263477 2283210 216962 801204 721720 68537 10947 1161895 1097436 50101 14358 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546741 48416153 14195631 14195631 62611784 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 GAIN ON INTEREST RATE SWAP: $329,839 SCHOLARSHIPS & FINANCIAL AID: ($14,195,631) TOTAL DIFFERENCE= ($13,865,792) Schedule D, Part XI Line 4b Cost of Goods Sold: ($546,741) Schedule D, Part XII Line 2d Cost of Goods Sold: $546,741 Schedule D, Part XII Line 4b Scholarships & Financial Aid: $14,195,631 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, 2017 were $61,504,484. true Scholarships & Grants 2141 15182029 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 6/30/2017, 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 398089 0 0 23000 103719 524808 0 Daniel Fredericks Senior VP & Provost 158054 0 0 0 0 0 12667 0 8517 0 179238 0 0 0 Audrey Kelleher VP for Adult & Grad Enrollment 132600 0 0 13260 5779 151639 0 SCHEDULE J, PART I, LINE 1A THE PRESIDENT RECEIVES A HOUSING ALLOWANCE AS AN ORDAINED MINISTER. A MISSISSIPPI BUSINESS FINANCE CORPORATION 640679132 NONEAVAIL 2012-06-01 23000000 REFUNDING OF 2008 BOND ISSUED false false false A 0 0 23000000 0 0 0 294775 0 0 14705225 0 0 2014 true false false true A false false false false 0 false false false false A false false false false false false 0 0 false false A false Dr Roger Parrot OFFICER Housing Loan X 245000 78000 false true true Virginia Henderson OFFICER Housing Loan X 23000 4917 false true true David Tarrant OFFICER Housing Loan X 50000 50000 false true true 132917 See Part V See Part V 1427335 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. X 3 65776 STOCK QUOTE true false false 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 EXECUTIVE 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 Gain on Interest Rate Swap: 329,839