2018-03-19T11:46:08-05:00 2017-06-30 420714325 RSM US LLP 919 EAST MAIN STREET SUITE 1800 RICHMOND VA 23219 990 2016-07-01 540646523 SOUTHERN VIRGINIA UNIVERSITY SOUT 5402618454 ONE UNIVERSITY HILL DRIVE BUENA VISTA VA 24416 ROBERT HUCH VICE PRESIDENT/CFO 5402618454 2018-02-22 1 BETTY CROUCH P01059588 8042822121 108.171.132.189 2018-02-22 09:05:19 ES P A09337EBCE75D3D28AD863F04F6904E05C28B672 CC75152567F36609DBAA441660E8F1917239A783 2016 2021-01-29 14:40:06Z ROBERT HUCH ONE UNIVERSITY HILL DRIVE BUENA VISTA VA 24416 25778065 0 X WWW.SVU.EDU X 1867 VA TO PROVIDE A COMPREHENSIVE FOUR-YEAR LIBERAL ARTS EDUCATION. 20 19 610 24 43160 1053 4374597 6990413 12792037 13567980 82 98910 732829 852303 17899545 21509606 2591409 2809964 0 0 8916822 11271007 0 0 978777 6347484 7424341 17855715 21505312 43830 4294 33639151 35219047 13053973 14561658 20585178 20657389 X SOUTHERN VIRGINIA UNIVERSITY'S MISSION IS TO PREPARE LEADER-SERVANTS IN THE WORKPLACE AND THE WORLD, IN THE COMMUNITY AND THE CHURCH, AND IN THE HOME. WE SERVE FAITHFUL MEMBERS OF THE CHURCH OF JESUS CHRIST OF LATTER-DAY SAINTS AND WELCOME ALL WHO LIVE OUR VALUES. SEE SCH O. WE ACCOMPLISH OUR MISSION BY PROVIDING THE FINEST UNDERGRADUATE EDUCATION AVAILABLE IN LETTERS, ARTS AND SCIENCES WITHIN A WHOLESOME LATTER-DAY SAINT ENVIRONMENT. STUDENTS, FACULTY AND STAFF AT SOUTHERN VIRGINIA UNIVERSITY ARE COMMITTED TO BEING ACADEMICALLY OR PROFESSIONALLY ACCOMPLISHED, SPRITUALLY ROOTED, SERVICE ORIENTED AND SELF-RELIANT. WE EMBODY SOUTHERN VIRGINIA'S CORE VALUES, WHICH ARE SCHOLARSHIP, DISCIPLESHIP, ACCOUNTABILITY, ENTHUSIASM AND REFINEMENT. SOUTHERN VIRGINIA UNIVERSITY SEEKS TO ESTABLISH A REPLICABLE SELF-SUSTAINING MODEL OF HIGHER EDUCATION THAT CAN SERVE LATTER-DAY SAINTS THROUGHOUT THE WORLD. 0 0 19012234 2809964 14374543 SOUTHERN VIRGINIA UNIVERSITY IS A PRIVATE, NON-PROFIT, RESIDENTIAL FOUR YEAR COLLEGE WHICH SERVED APPROXIMATELY 900 AVERAGE FULL AND PART-TIME STUDENTS PER SEMESTER IN THE ACADEMIC YEAR 2016-2017. DURING 2016-17 ACADEMIC YEAR 127 STUDENTS GRADUATED WITH BACHELORS DEGREES. 19012234 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 1 0 1 0 0 0 1 0 0 0 1 1 0 0 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 1 954 0 1 610 1 1 1 0 0 0 0 1 1 0 0 0 0 X 20 19 1 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 0 0 X JESSE SEEGMILLER 5402618454 ONE UNIVERSITY HILL DR BUENA VISTA VA 24416 DANE C MCBRIDE CHAIRMAN 5.00 X 0 0 0 JUSTIN KNIGHT TRUSTEE 1.00 X 0 0 0 SCOTT MCKEON TRUSTEE 1.00 X 0 0 0 H SCOTT MCKINLEY TRUSTEE 1.00 X 0 0 0 L HUGH REDD VICE CHAIR 1.00 X 0 0 0 J MITCHEL SCOTT TRUSTEE 1.00 X 0 0 0 JAMES E SKEEN TRUSTEE 1.00 X 0 0 0 STANFORD C STODDARD TRUSTEE 1.00 X 0 0 0 STANFORD D STODDARD TRUSTEE 1.00 X 0 0 0 DAVID O ULRICH TRUSTEE 1.00 X 0 0 0 TRAVIS BOWEN TRUSTEE 1.00 X 0 0 0 LYNETTE N GAY TRUSTEE 1.00 X 0 0 0 REED N WILCOX PRESIDENT 40.00 X X 200802 0 22676 ANN CHRISTENSEN TRUSTEE 1.00 X 0 0 0 DEBRA L HUBER TRUSTEE 1.00 X 0 0 0 JEFFREY S COTTON TRUSTEE 1.00 X 0 0 0 WENDY ULRICH TRUSTEE 1.00 X 0 0 0 BRUCE OLSEN TRUSTEE 10.00 X 0 0 0 AARON ELTON TRUSTEE 1.00 X 0 0 0 CLAUDETTE GERARD TRUSTEE 1.00 X 0 0 0 JOHN WHEATLEY TRUSTEE 1.00 X 0 0 0 KRISTIE GIBBONS SECRETARY TO THE BOARD 40.00 X 37105 0 8178 ROBERT E HUCH VP OF FINANCE AND ADMINISTRATION 40.00 X 116821 0 2375 MADISON U SOWELL PROVOST 40.00 X 133998 0 5382 488726 0 38611 3 0 1 0 INTEGRATED CONSTRUCTION SERVICES LLC 7729 HOOD ROAD CHARLOTTE NC 28215 CIVIL CONSTRUCTION 751747 MCCLUNG'S LLC 59 ANGUS LANE FAIRFIELD VA 24436 GENERAL CONTRACTING 173327 HD SUPPLY WATERWORKS LTD 1830 CRAIG PARK COURT ST LOUIS MO 63146 WATERWORK PRODUCTS DISTRIBUTION 102354 3 5500 6984913 493639 6990413 TUITION & FEES 611600 11525326 11525326 HOUSING & AUX ENTERP. 611600 1711510 1711510 SPECIAL PROGRAMS 611600 179756 179756 TRAVEL STUDY 611600 151388 151388 13567980 37675 37675 1476 0 1476 1476 1476 3766182 14500 3716247 3200 49935 11300 61235 61235 30965 5500 29861 1104 1104 1182763 519151 663612 623598 40014 MISCELLANEOUS 611600 169956 169956 VENDING/LAUNDRY INCOME 611600 6899 6899 SHUTTLE FEES 611600 5170 5170 4086 940 3146 186111 21509606 14374543 43160 101490 2809964 2809964 488726 48873 250381 189472 8577516 7700824 470481 406211 80805 68769 6436 5600 1523742 1297958 121566 104218 600218 511119 47842 41257 20251 18491 1760 1262 1262 1332004 1199012 114099 18893 314991 263732 25097 26162 706211 624385 55938 25888 148311 129506 12324 6481 719185 655886 60120 3179 737540 562672 53544 121324 67724 59837 5694 2193 443680 405128 38552 1222590 1116356 106234 249332 227667 21665 STUDENT ACTIVITIES 650673 593714 56498 461 OTHER 422699 369725 35188 17786 EQUIPMENT MAINTENANCE 275621 247385 21369 6867 MEMBERSHIPS 112267 99969 9513 2785 21505312 19012234 1514301 978777 26656 2139 3175217 1771914 6208155 6630421 432660 502351 219958 216141 26648 22705 165881 147549 39160451 14959350 21880419 24201101 1017783 1230654 90000 90000 132364 125336 263410 278736 33639151 35219047 1244550 2263781 374414 300558 10292870 10207523 382215 655271 759924 1134525 13053973 14561658 X 18415065 18506427 1631369 1542289 538744 608673 20585178 20657389 33639151 35219047 X 4294 42691 29475 -4250 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1086722 69929 126812 1283463 1141135 18454 -72867 1086722 893697 150071 97367 1141135 713686 43000 137010 893696 609747 3000 97939 713686 0.11000 0.50000 0.39000 0 0 1369935 1369935 23554807 8677359 14877448 5454748 4332562 1122186 8780961 1949429 6831532 24201101 OBLIGATION UNDER CAPITAL LEASE 828845 DEPOSIT 278323 ANNUITY PAYABLE 27357 1134525 X 19286708 42691 29475 -2811069 -2738903 22025611 -516005 -516005 21509606 19214499 519151 519151 18695348 2809964 2809964 21505312 PART V, LINE 4: SOUTHERN VIRGINIA UNIVERSITY'S ENDOWMENT CONSISTS OF ONE DOZEN INDIVIDUAL FUNDS ESTABLISHED FOR A VARIETY OF PURPOSES, PRIMARILY STUDENT SCHOLARSHIPS. PART X, LINE 2: MANAGEMENT HAS EVALUATED THE UNIVERSITY'S TAX POSITIONS AND HAS CONCLUDED THAT THE UNIVERSITY HAS TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT TO THE FINANCIAL STATEMENTS TO COMPLY WITH THE PROVISIONS OF THIS GUIDANCE. THE UNIVERSITY FILES TAX RETURNS WITH U.S. FEDERAL AND VIRGINIA TAX AUTHORITIES IN WHICH THE STATUTE OF LIMITATIONS MAY GO BACK TO THE TAX YEAR ENDED JUNE 30, 2014. PART XI, LINE 2D - OTHER ADJUSTMENTS: SVU GRANTS NETTED AGAINST REVENUE ON AUDIT -2,809,965. SPECIAL EVENTS INCOME AND EXPENSES -1,104. PART XI, LINE 4B - OTHER ADJUSTMENTS: COGS FOR INVENTORY SALES NETTED ON 990 -519,151. RUSSELL CLARK REALTY CO. K-1 (NOT INCLUDED IN FINANCIAL STATEMENTS) 3,146. PART XII, LINE 2D - OTHER ADJUSTMENTS: COGS FOR INVENTORY SALES NETTED ON 990 519,151. PART XII, LINE 4B - OTHER ADJUSTMENTS: SVU GRANTS NETTED AGAINST REVENUE ON AUDIT 2,809,964. PART XI, LINE 8 NON-CASH INCOME FROM RUSSELL CLARK REALTY CO. K-1. PART XII, LINE 2D AND PART XIII, LINE 4B SCHOLARSHIPS PAID OUT TO STUDENTS, NETTED WITH REVENUES ON THE REPORT. PART XII, LINE 4B AND PART XIII, LINE 2D COST OF GOODS SOLD INCLUDED IN EXPENSES ON THE REPORT. 1 1 0 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 SOUTHERN VIRGINIA UNIVERSITY DRAWS A SUBSTANTIAL PERCENTAGE OF ITS STUDENTS FROM AREAS NOT WITHIN ITS IMMEDIATE VICINITY. IT FOLLOWS A RACIALLY NONDISCRIMINATORY POLICY AS TO STUDENTS. THEREFORE, IT IS NOT REQUIRED TO PUBLISH ITS RACIALLY NONDISCRIMINATORY POLICY THROUGH THE NEWSPAPER OR THE BROADCAST MEDIA. AS REQUIRED BY REVENUE PROCEDURE 75-50, SOUTHERN VIRGINIA UNIVERSITY INCLUDES A STATEMENT OF ITS RACIALLY NONDISCIMINATORY POLICY IN ALL OF ITS BROCHURES AND CATALOGUES DEALING WITH STUDENT ADMISSIONS, SOLICITATION, PROGRAMS AND SCHOLARSHIPS. SCHEDULE E, PART I, LINE 6 THE UNIVERSITY RECEIVED FUNDS FROM THE FOLLOWING US DEPARTMENT OF EDUCATION DIRECT PROGRAMS: US DEPARTMENT OF EDUCATION DIRECT LOAN PROGRAM, FEDERAL PELL GRANT PROGRAM, FEDERAL WORK STUDY, AND THE FEDERAL SUPPLEMENTAL EDUCATION OPPORTUNITY GRANT PROGRAM. THE UNIVERSITY RECEIVED FUNDS UNDER THE FOLLOWING COMMONWEALTH OF VIRGINIA PROGRAM: VIRGINIA TUITION ASSISTANCE GRANT. EUROPE 0 0 PROGRAM SERVICES SERVICES BEING PROVIDED ARE LODGING, FOOD, AND TRANSPORTATION FOR PARTICIPANTS IN THE TRAVEL STUDY PROGRAM 44489 SOUTH AMERICA 0 0 PROGRAM SERVICES SERVICES BEING PROVIDED ARE LODGING, FOOD, AND TRANSPORTATION FOR PARTICIPANTS IN THE TRAVEL STUDY PROGRAM 50637 ASIA 0 0 PROGRAM SERVICES SERVICES BEING PROVIDED ARE LODGING, FOOD, AND TRANSPORTATION FOR PARTICIPANTS IN THE TRAVEL STUDY PROGRAM 17778 0 0 0 0 0 0 112904 0 112904 0 0 0 0 0 0 0 DONOR TRAVEL TRIP TO ITALY 36465 5500 30965 12245 13500 4116 36465 5500 30965 12245 13500 4116 29861 1104 1 RETURNED MISSIONARY SCHOLARSHIPS 196 275127 UNIVERSITY GRANTS 172 394306 ACADEMIC SCHOLARSHIPS 680 1822195 TALENT SCHOLARSHIPS 127 151925 VARIOUS OTHER 64 166411 PART I, LINE 2: THE MAJORITY OF INSTITUTIONAL AID AWARDED TO STUDENTS IS BASED ON ACADEMIC MERIT, FOR WHICH THE UNIVERSITY HAS A PREDETERMINED GRID THAT PROVIDES THE AMOUNTS TO BE AWARDED BASED ON THE STUDENTS ACTUAL GPA AND TEST SCORES AND AS NEEDED, EVALUATION BY THE UNIVERSITY'S SCHOLARSHIP COMMITTEE. OTHER INSTITUTIONAL AID CONSISTS OF RETURN MISSIONARY, TALENT AND OTHER NEED-BASED GRANTS. RETURNED MISSIONARY SCHOLARSHIPS ARE AWARDED IN THE AMOUNT OF $1,500 PER YEAR TO ALL FULL-TIME STUDENTS WHO HAVE COMPLETED A MISSION FOR THE CHURCH OF JESUS CHRIST OF LATTER-DAY SAINTS. TALENT SCHOLARSHIPS ARE AWARDED IN VARIOUS AMOUNTS, TYPICALLY BETWEEN $500 AND $2,000 PER STUDENT, AND ARE AWARDED BASED ON THE NOMINATION OF THE UNIVERSITY FACULTY, ART/THEATRE/MUSIC DIRECTOR, ETC. AND APPROVAL OF THE FINANCIAL AID COMMITTEE. UNIVERSITY GRANTS AND VARIOUS OTHER GRANTS ARE AWARDED AS DETERMINED BY THE FINANCIAL AID DIRECTOR. FEDERAL & STATE GRANTS, INCLUDING PELL, SEOG, SMART, AND VTAG ARE AWARDED TO STUDENTS WHO COMPLETE A FREE APPLICATION FOR FEDERAL STUDENT AID (FAFSA) AND MEET THE VARIOUS QUALIFICATIONS. FEDERAL AND STATE GRANTS ARE VERIFIED INTERNALLY BY OUR FINANCIAL AID STAFF. THE DEPARTMENT OF EDUCATION (DOE) SELECTS A MINIMUM 30% OF ALL STUDENTS WHO COMPLETE A FAFSA TO VERIFY. THE UNIVERSITY PROVIDES THE APPROPRIATE VERIFICATION DOCUMENTATION TO THE DOE AND MAINTAINS A COPY OF THESE DOCUMENTS ON FILE. X 1 1 X X X 0 0 0 0 0 0 0 0 0 REED N WILCOX PRESIDENT 175000 0 25802 0 0 0 2087 0 25828 0 228717 0 0 0 6050 EMPLOYEE TUITION GRANT FALL 2016 SEMESTER JAMES SKEEN TRUSTEE 13901 LEGAL FEES 0 RACHEL WILCOX DAUGHTER OF REED WILCOX 49645 EDUCATION FEES 0 DALLIN WILCOX SON OF REED WILCOX 19508 MARKETING FEES 0 MCCALL WILCOX DAUGHTER-IN-LAW OF REED WILCOX 15065 ADMIN FEES 0 SCHEDULE L, PART IV: JAMES SKEEN'S LAW FIRM SERVED AS THE UNIVERSITY'S ATTORNEY IN SEVERAL MATTERS WHERE THE FIRM HAD PARTICULAR EXPERTISE.RACHEL WILCOX IS EMPLOYED BY THE UNIVERSITY AS AN ASSISTANT DIRECTOR OF WRITING AND TEACHES LEGAL/CONSTITUTIONAL ISSUES AS A FACULTY MEMBER.DALLIN WILCOX IS EMPLOYED BY THE UNIVERSITY IN THE COMMUNICATIONS AND MARKETING OFFICE.MCCALL WILCOX IS EMPLOYED BY THE UNIVERSITY IN THE ALUMNI OFFICE. X 2 687 FAIR MARKET VALUE X 14981 FAIR MARKET VALUE X 6 372466 FAIR MARKET VALUE X MISCELLANEOUS 20 50615 FMV 0 1 0 FORM 990, PART VI, SECTION A, LINE 2 JAMES E. SKEEN, TRUSTEE AND DANE C. MCBRIDE, TRUSTEE: FAMILY RELATIONSHIP. DAVID O. ULRICH, TRUSTEE AND WENDY ULRICH, TRUSTEE: FAMILY RELATIONSHIP. FORM 990, PART VI, SECTION B, LINE 11B THE FINANCE COMMITTEE OF THE BOARD REVIEWS THE FULL RETURN BEFORE FILING. THE FULL BOARD IS FURNISHED A COPY OF THE RETURN, WITHOUT SCHEDULE B TO PRESERVE DONOR CONFIDENTIALITY, PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C OFFICERS, DIRECTORS AND TRUSTEES ARE REQUIRED, BY POLICY, TO DISCLOSE ANY CONFLICTS OF INTEREST THAT MAY, TO THE BEST OF THEIR KNOWLEDGE, EXIST OR POTENTIALLY EXIST BY VIRTUE OF ANY BUSINESS OF OTHER ARRANGEMENT THEY MAY HAVE WITH THE UNIVERSITY OR OTHER CIRCUMSTANCES, IN WHICH THE UNIVERSITY MAY BENEFIT THEM ECONOMICALLY (OTHER THAN THROUGH THEIR EMPLOYMENT BY THE UNIVERSITY), AND ALL SITUATIONS IN WHICH THEY MAY COMPETE WITH THE UNIVERSITY IN ANY WAY. THE UNIVERSITY DOES MONITOR AND ENFORCE THIS POLICY BY EXPECTING OFFICERS, DIRECTORS, AND TRUSTEES TO REPORT ACCORDINGLY AND PREPARES AN ANNUAL WRITTEN REPORT FORM FOR SUCH REPORTING. THE FORM REQUESTS ALL OFFICERS, DIRECTORS AND TRUSTEES TO PROVIDE INFORMATION ABOUT POTENTIAL CONFLICTS OF INTEREST FOR 2016 AND ONES THEY MAY BE AWARE OF AND THAT MAY BE POSSIBLE FOR 2017. THE UNIVERSITY ALSO REQUESTS THAT EACH OFFICER, DIRECTOR AND TRUSTEE SELF REPORT ANY ADDITIONAL POTENTIAL CONFLICTS OF INTEREST THAT MAY OCCUR DURING THE YEAR. FORM 990, PART VI, SECTION B, LINE 15A THE CEO/PRESIDENT'S COMPENSATION IS DETERMINED BY THE BOARD. THE BOARD CHAIRMAN IS PROVIDED WITH SOME COMPARABILITY DATA FROM VARIOUS PROFESSIONAL SALARY SURVEYS TO ASSIST IN THAT DETERMINATION. THE COMPENSATION FOR OTHER TOP MANAGEMENT OFFICIALS (VICE PRESIDENT AND OTHER MEMBERS OF THE PRESIDENT'S COUNCIL) IS DETERMINED BY THE CEO/PRESIDENT. HE/SHE IS ALSO PROVIDED WITH COMPARABLE SALARY SURVEY DATA FOR THIS PURPOSE. FORM 990, PART VI, SECTION C, LINE 18 DOCUMENTS REQUIRED TO BE AVAILABLE FOR PUBLIC INSPECTION MAY BE OBTAINED UPON REQUEST TO THE UNIVERSITY. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE NOT AVAILABLE TO THE PUBLIC. FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC THROUGH VARIOUS THIRD PARTY (INCLUDING GOVERNMENT) WEB SITES. FORM 990, PART XI, LINE 9: RUSSELL CLARK REALTY CO. K-1 NOT INCLUDED IN FINANCIAL STATEMENTS -3,146. SPECIAL EVENTS INCOME AND EXPENSES FROM SCH. G -1,104.