2017-04-18T13:38:53-05:00 2016-05-31 363990892 Capin Crouse LLP 1255 Lakes Parkway Suite 130 Lawrenceville GA 30043 990 2015-06-01 570314406 North Greenville University NORT 8649777000 PO Box 1892 Tigerville SC 29688 Dr Randall Pannell VP for Business Affairs 8649777000 2017-04-18 1 David C Moja P00747006 6785185301 2015 2021-01-29 14:40:06Z Dr Randall Pannell PO Box 1892 Tigerville SC 29688 62495665 0 X www.NGU.edu X 1892 SC The University offers a quality education in a biblically sound, Christ-centered environment. 24 24 1370 100 0 0 5071299 3698218 50992121 54546730 1201297 244855 445526 402784 57710243 58892587 17346613 18350577 0 0 22612278 23673970 0 0 1111010 16394651 18068836 56353542 60093383 1356701 -1200796 115157307 112219037 8424834 8923946 106732473 103295091 X North Greenville University believes that the truths found in Holy Scriptures permeate every aspect of reality. All truth is ultimately from God. Therefore, a commitment to academic excellence can be an integral component in the maturation of one's faith. Faculty members meet regularly to study ways in which matters of faith can be brought into the classroom experience. Students are encouraged to participate in the process of integrating faith and learning. North Greenville University strives to be a place where graduates will leave with both and understanding of their chosen fields of endeavor and an appreciation for how the truths of scripture apply to those areas. The University offers the following degrees: the Bachelor of Arts degree, the Bachelor of Science degree, the Master of Business Administration degree, and the Master of Christian Ministries degree. Within the undergraduate degrees there are 36 program options and choices of major. 0 0 55842173 18350577 54946095 The University is a co-educational liberal arts university offering graduate and undergraduate degrees. It has Level V membership in the Commission of Colleges of the Southern Association of Colleges and Schools. The University's purpose is to provide opportunities for higher education in a Christian atmosphere. The University provided education services to 2,571 students. 55842173 1 1 0 0 0 0 0 1 0 1 1 1 0 0 1 1 0 1 1 0 1 0 0 0 1 0 0 0 1 1 0 0 0 1 1 0 1 0 1 0 0 0 0 1 1 1 0 0 1 3364 0 1 1370 1 0 0 0 0 0 1 1 0 0 0 0 X 24 24 0 0 1 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 SC X Michelle Sabou 8649777000 PO Box 1892 Tigerville SC 29688 Beverly N Hawkins Chairman 1.00 X X 0 0 0 Mr William Tyler Vice Chairman of the Board 1.00 X X 0 0 0 Dr Lucile Sullivan Secretary 1.00 X X 0 0 0 Rev Travis Agnew Trustee 1.00 X 0 0 0 Mr Rodney Back Trustee 1.00 X 0 0 0 Mr Daniel Boling Trustee 1.00 X 0 0 0 Rev Seth Buckley Trustee 1.00 X 0 0 0 Mr Lee Capell Trustee 1.00 X 0 0 0 Mr David Charpia Trustee 1.00 X 0 0 0 Mrs Rebecca Coleman Trustee 1.00 X 0 0 0 Mr Jimmy Cox Trustee 1.00 X 0 0 0 Mrs Betty Jo Craft Trustee 1.00 X 0 0 0 Mr James Cudd Trustee 1.00 X 0 0 0 Mr David Edwards Trustee 1.00 X 0 0 0 Mr Ronald Edwards Trustee 1.00 X 0 0 0 Mr Mark Ells Trustee 1.00 X 0 0 0 Dr Arnold E Emery Trustee 1.00 X 0 0 0 Mr Gary Glenn Trustee 1.00 X 0 0 0 Lucian R Lee Jr Trustee 1.00 X 0 0 0 Mr Greg Mathis Trustee 1.00 X 0 0 0 Mrs Laura Messer Trustee 1.00 X 0 0 0 Dr Lee McCormick Trustee 1.00 X 0 0 0 Mr Claude Tackett Trustee 1.00 X 0 0 0 Dr Melvin K Younts Trustee 1.00 X 0 0 0 Mr Eddie Case Trustee (part year) 1.00 X 0 0 0 Rebecca W Freel Trustee (part year) 1.00 X 0 0 0 Dr Joe F Hayes Trustee (part year) 1.00 X 0 0 0 MR Eugene W Merritt Trustee (part year) 1.00 X 0 0 0 Dr Randall Pannell Interim President & VP Ac. 40.00 X 156906 0 23755 Linwood Hagin AVP Academics 40.00 X 110189 0 20042 C Michelle Sabou VP for Business Affairs 40.00 X 114272 0 16061 Tim Huggins VP Information Technology 40.00 X 37482 0 4381 Anthony Beam VP Student Services 40.00 X 112139 0 21884 Stephen Crouse VP Campus Ministries 40.00 X 103849 0 32386 Mayson Easterling VP for Denominational Rela 40.00 X 107582 0 26748 Keli Sewell VP of Admissions & FA 40.00 X 122581 0 19887 J Sam Isgett VP for Graduate Programs 40.00 X 106345 0 27824 Jonathan Corts Executive Vice President 40.00 X 77429 0 9997 Thomas Allen Dean College of Science & 40.00 X 121849 0 9583 Gregory Davenport Associate Dean of Health P 40.00 X 144723 0 20173 Dr James Epting Former President 0.00 X 396653 0 15269 1711999 0 247990 11 1 1 0 Aramark Corporation PO Box 198532 Atlanta GA 30384 Food Services 3913816 Sportscapes 432 Country Ridge Red Oak TX 75154 Construction 809800 Bank Bros Asphalt PO Box 670 Travelers Rest SC 29690 Asphalt 503534 Mark Lindsey Grading LLC 750 Camp Creek Rd Taylors SC 29687 Grading 324236 Peasron Education PO Box 409479 Atlanta GA 30384 Education Services 315348 27 56245 1233036 167115 2241822 131942 3698218 Tuition and fees 900099 37428496 37428496 Auxiliary revenue 900099 16189659 16189659 Other income 900099 928575 928575 54546730 666594 666594 2207247 116818 2334080 411724 -126833 -294906 -421739 -421739 35580 56245 32161 3419 3419 1224478 825113 399365 399365 58892587 54946095 0 248274 18350577 18350577 1554374 947185 448909 158280 133916 95683 38233 17212459 15839112 837545 535802 745462 506163 224203 15096 2947325 2665941 187178 94206 1080434 972726 58628 49080 92924 31101 61823 58067 58067 160207 160207 34555 2831 31724 72881 72881 1826020 1540177 117725 168118 911226 911226 679925 667515 12410 672131 638417 9567 24147 12447 12447 15479 14826 565 88 2055878 1969196 75016 11666 487012 467739 19273 Repairs & maintenance 5320522 5097030 193741 29751 Food services 3676089 3676089 Bad debt expenses 167592 167592 1825881 1436192 364913 24776 60093383 55842173 3140200 1111010 12372544 6997877 13040519 11634198 283468 2333269 1000 500 13385 12885 563967 534493 2433 4233 87504738 25642200 58772524 61862538 16311908 16600514 11830268 10299829 1965291 1938701 115157307 112219037 3423371 2794513 1559761 4121537 370273 302431 318750 324306 2752679 1381159 8424834 8923946 X 73184248 70058497 12478960 12001715 21069265 21234879 106732473 103295091 115157307 112219037 X -1200796 -1566718 -669868 X X 0 1 X 1 1 1 X 5783927 8817750 10953715 5071299 3698218 34324909 5783927 8817750 10953715 5071299 3698218 34324909 9456158 24868751 571614 573049 825025 710377 665594 3345659 73804 79429 86375 82215 35580 357403 38027971 241302414 0.65400 0.65720 X Schedule A, Part II The organization is a school as described under 170(b)(1)(A)(ii) and is not required to complete a public support schedule. Schedule A, Part II is completed to verify the School can qualify under public charity status section 170(b)(1)(A)(vi) and qualifies to use the first listed special rule for Schedule B reporting. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 52733 0 28200202 167717 -1050933 1487475 25829511 26137823 793104 1417232 147957 28200202 20918556 3112855 2253765 27902 119451 26137823 16632823 1839690 2537892 40775 51074 20918556 16897846 635120 -829059 13067 58017 16632823 0.07000 0.75000 0.18000 0 1 1 1833249 6189644 8022893 67723365 17937561 49785804 1503664 1241792 261872 9352884 6462847 2890037 901932 901932 61862538 34888 C Cash value of life insurance 550635 F Baptist Foundation 8024307 F Alternative investments 1402258 F Commodities 155083 F REITs 132658 F 10299829 Student deposits 20606 Trust liability 53647 Funds held for others 358868 Post-retirement benefit obligation 662871 Capital lease obligation 285167 1381159 X Part V, Line 4: The majority of the University's endowment earnings is used to provide scholarship assistance. A small portion of earnings are used to provide programs as designated by donors and the Board of Trustees. Part X, Line 2: The consolidated financial statement effects of a tax position taken or expected to be taken are recognized in the consolidated financial statements when it is more likely than not, based on the technical merits, that the position will be sustained upon examination. Interest and penalties, if any, are included in expenses in the consolidated statements of activities. As of May 31, 2016 and 2015, the University had no uncertain tax positions that qualify for recognition or disclosure in the consolidated financial statements. The University files information tax returns in the U.S. and various states. The University is generally no longer subject to U.S. Federal and state income tax examinations by tax authorities for years before 2012. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 Schedule E, Part I, Line 3 The non-discrimination policy is included in the catalog that goes to all prospective students and that is included on the University website. This information is also included in all admissions materials. Schedule E, Part I, Line 6 Federal financial aid funds under Title IV are received by the University and are awarded and disbursed to its students. Central America and the Caribbean 0 0 Program Services Study Abroad 26080 Middle East and North Africa 0 0 Program Services Study Abroad 23746 South America 0 0 Program Services Study Abroad 46408 South Asia 0 0 Program Services Study Abroad 15144 Europe (Including Iceland & Greenland) 0 0 Program Services Study Abroad 34051 0 0 0 0 0 0 145429 0 145429 0 0 0 0 0 0 Part I, line 3: Accrual method is used to account for foreign expenditures. Golf tournament - Crusader Club 78005 56245 21760 3500 25017 1198 Golf tournament - Marion Moorhead 13820 13820 1928 518 91825 56245 35580 3500 1928 25017 1716 32161 3419 1 Scholarships 2291 18350577 Part I, Line 2: The financial aid planning office requires students to complete the free application for federal student aid (FAFSA) form to determine eligibility for federal, state and institutional grants, scholarships and loans. This is an equitable formula that measures all assets consistently. In addition to this form, the institution does require some other guidelines in the event that funds are offered based on certain academic credentials or performance in a university sponsored activity or athletic event. These credentials are clearly stated in the university catalog and the university website. Enrollment and eligibility are monitred by the university. X 1 1 X X X 1 0 0 0 0 0 0 0 0 Dr Randall Pannell Interim President & VP Ac. 156805 0 101 0 0 0 0 0 24127 0 181033 0 0 0 Gregory Davenport Associate Dean of Health P 144622 0 101 0 0 0 0 0 20640 0 165363 0 0 0 Dr James Epting Former President 396653 0 0 0 0 0 0 0 15644 0 412297 0 0 0 Part I, Line 1a The President is required to live on the University's main campus. The home meets the requirements of Section 119 of the code and the value is considered nontaxable. A nontaxable housing allowance is also provided to the VP of Business Affairs, VP of Denomenational Relations, and the VP of Academics who are required to live on campus by the University to complete their job duties and respond in emergency situations. All of the houses are on campus and are University property. Part I, Line 4a Dr. Epting, former president, received severance payments totaling $396,653 during the fiscal year ending 5/31/16. Vlad Sabou Employee Staff Improvement Loan X 1500 500 0 1 1 500 14300 Scholarships Tuition Assistance 19800 Grants 12000 BSU Ministries Joe Hayes Jr Family Member of Joe Hayes, Trustee 95683 W-2 and Benefits 0 Vlad Sabou Family Member of Michelle Sabou, VP of Business Affairs 38233 W-2 and Benefits 0 Schedule L, Part II Vlad Sabou, husband of Michelle Sabou (VP of Business Affairs) had a staff improvement loan, which is forgiven based on years of service, from the organization with a balance of $1,000 as of 5/31/2015. X 2 950 Cost X 18475 Fair market value X 70388 Fair market value X 2 10000 Fair market value X 5 31595 Cost X 1 534 Closing Value 0 1 0 Form 990, Part VI, Section A, line 1 The executive committee is composed of the chairman, the vice chairman, the secretary, two members-at-large, and the chairman of each of the other board committees. When the board is not in session, the executive committee has the authority to: a) Discharge such duties as the board may assign from time to time and submit a report of its action at the next meeting of the board. b) Review and approve the annual budget prepared by the president and recommend the budget to the entire board for final action. c) Except as limited by these bylaws, or the board itself, have general oversight over matters relating to finance, and implement the fiscal policies of the board. d) Initiate and implement long-range planning for the institution. e) Through the president, serve as the avenue of communication between the board, the faculty, staff, and student body. f) Serve as a grievance committee on complaints received through the office of the president from member of the faculty or staff at the executive committee's initiative or at the request of the president Form 990, Part VI, Section A, line 4 The bylaws were restructured for clarification. The primary change was to restructure the Committees of the Board, including adding a separate Audit Committee and Business Affairs Committee. Form 990, Part VI, Section B, line 11 The 990 is prepared by an independent CPA firm and reviewed in detail by the Organization's top management. Every member of the governing body is provided with a copy of the 990 prior to filing with the IRS. Form 990, Part VI, Section B, line 12c The trustees and officers must sign a conflict of interest policy annually. The conflict of interest disclosure forms are then reviewed by the VP for Business Affairs. Any conflicts are disclosed to the President and the Chairman of the Board. If a matter related to a conflict is considered by the Board, the Board Member with the conflict will recuse him or herself. Form 990, Part VI, Section B, line 15 The Executive Committee of the independent Board of Trustees reviews the salary and benefits of the President and decides what the new contract amounts will be using comparability data from colleges with similar budgets. This process is documented in the committee minutes. The salary of the Officers is reviewed annually by the independent Board during budget approval. The Officers are typically eligible to receive the same rate of merit increases as other employees, and the final salary decisions for the Officers is made by the President. This process is documented in board minutes as part of the annual budget process. Form 990, Part VI, Section C, line 19 At this time, the University does not make available to the public its governing documents, conflict of interest policy, and financial statements. Form 990, Part XI, line 9: Change in value of trust -26,590. Unrealized loss on assets held for sale -643,278. Form 990, Part XII, line 2c: The University's Board assumes oversight of the audit of its financial statements and selection of its independent accountant. This process has not changed since the prior year. Form 990, Part VI, Line 7a/7b: The University is an institution of the South Carolina Baptist Convention (Convention). The Convention appoints the University's 25 trustees and must approve all changes or amendments to the University's charter. Crusader Mountie LLC PO BOX 332 Tigerville SC 29688 471461194 Wastewater Treatment SC 89753 1346832 North Greenville Univ South Carolina Baptist Convention 190 Stoneridge Drive Columbia SC 29210 570360087 Association of Southern Baptist Churches SC 501(C)(3) 1 N/A 0 The Baptist Foundation of South Carolina 190 Stoneridge Drive Columbia SC 29210 570348054 Institution of SCBC designated for the management of trust funds SC 501(C)(3) 1 South Carolina Baptist Convention 0 Living Trust (1) Irrevocable Living Trust SC North Greenville Universtiy T 0 Charitable Remainder Unitrust (5) Charitable Remainder Unitrust SC North Greenville Universtiy T 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 South Carolina Baptist Convention C