2017-05-15T11:54:02-05:00 2016-06-30 363990892 Capin Crouse LLP 1255 Lakes Parkway Suite 130 Lawrenceville GA 30043 990 2015-07-01 586044761 Point University Inc POIN 7063851017 507 West 10th Street West Point GA 31833 Wendy Barnhart Interim CFO 4047618861 2017-05-15 1 David C Moja P00747006 6785185301 2015 2021-01-29 14:40:06Z Dean Collins 507 West 10th Street West Point GA 31833 30773136 0 X www.point.edu X 1928 GA To educate students for Christ-centered service and leadership throughout the world. 19 19 536 21 0 0 8443918 7090330 20137832 22612617 820786 319629 235751 454515 29638287 30477091 6648780 6843504 0 0 9687407 10875470 0 0 1034844 12636661 14401707 28972848 32120681 665439 -1643590 36516086 36294727 15933760 17355991 20582326 18938736 X The mission of Point University is to educate students for Christ-centered service and leadership throughout the world. 0 0 26347425 6843504 22612617 Point University offers associate degree programs, bachelor's degree programs, one for-credit certificate program, and one non-credit certificate program in biblical studies, arts and sciences, business, counseling and human services, and education. Over 1,500 students are enrolled in the residential program at West Point, the adult program at West Point and 5 off-site locations (Atlanta, Peachtree City, Savannah and McDonough in Georgia and Birmingham in Alabama), and the Online program. 26347425 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 0 1 1 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 1 0 0 0 1 0 0 0 1 0 0 0 0 1 363 0 1 536 1 0 0 0 0 0 0 0 0 0 0 X 19 19 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 GA X Wendy Barnhart 7063851017 507 West 10th Street West Point GA 31833 Steve Olsen Chairman 1.00 X X 0 0 0 David Deeter Vice Chairman 1.00 X X 0 0 0 Larry Vierling Secretary 1.00 X X 0 0 0 Tony Collins Treasurer 1.00 X X 0 0 0 Alan Stith Trustee 1.00 X 0 0 0 Art Dana Trustee 1.00 X 0 0 0 Dr Billye Joyce Fine Trustee 1.00 X 0 0 0 Bob Johnson Trustee 1.00 X 0 0 0 Cam Huxford Trustee 1.00 X 0 0 0 Andrew Cathy Trustee 1.00 X 0 0 0 J Ross Green Trustee 1.00 X 0 0 0 Dr Jim Sloderbeck Trustee 1.00 X 0 0 0 Marvin Bussey Trustee 1.00 X 0 0 0 Mike Waers Trustee 1.00 X 0 0 0 Paul Leslie Trustee 1.00 X 0 0 0 Dr Ralph Swearngin Trustee 1.00 X 0 0 0 Rob Raynor Trustee 1.00 X 0 0 0 Bob Day Trustee 1.00 X 0 0 0 David McDaniel Trustee 1.00 X 0 0 0 Dean Collins President 40.00 X 177438 0 61257 Daniel Frazier VP Business & Finance 40.00 X 117941 0 14765 Wilbert Harrison Chief Academic Officer 40.00 X 104215 0 13530 Stephen Todd Weaver Faculty 40.00 X 128892 0 18393 Lance Francis Chief Operating Officer 40.00 X 117931 0 0 646417 0 107945 5 0 1 0 Crest Club 100 Crest Club Circle Valley AL 36854 Student Housing 938424 Kimble's Food by Design 607 Hines Street LaGrange GA 30241 Food Service 505951 Follett Higher Education Group Inc 3146 Solutions Center Chicago IL 60677 Campus Bookstore 276507 Growth Properties 900 Westpark Dr Ste 300 Peachtree City GA 30269 Campus Bookstore 244505 AlliedBarton Security Systems 161 Washington St Ste 600 Conshohocken PA 19428 Campus Security 185832 12 880016 6210314 1207525 7090330 Tuition and fees 611710 19463226 19463226 Auxiliary services 611710 3149391 3149391 22612617 166649 166649 33121 19262 13859 13859 13859 429763 276783 152980 152980 152980 440656 440656 440656 30477091 22612617 0 774144 6843504 6843504 490971 435129 35627 20215 8814901 7812306 639653 362942 125081 53867 65564 5650 891410 368303 482706 40401 553107 248898 279319 24890 76507 36968 35461 4078 124342 124342 2235383 1557116 594858 83409 1240755 1073502 86108 81145 270574 234649 21977 13948 558344 483079 38749 36516 2770564 1382982 1376444 11138 603670 592442 7244 3984 11479 11265 138 76 787876 669694 78788 39394 1724566 1463532 174023 87011 315900 273317 21923 20660 Other Operating 2554426 2219650 167048 167728 Repairs and Maintenance 1036480 587222 417599 31659 Bad debt 90841 90841 32120681 26347425 4738412 1034844 3626340 730923 6193901 7367837 938684 1519160 943301 543489 231980 244870 33922591 8757594 24317651 25164997 264229 723451 36516086 36294727 1202209 1510205 960801 627163 450000 0 12630014 14586319 690736 632304 15933760 17355991 X 15319683 12973880 1406619 2082965 3856024 3881891 20582326 18938736 36516086 36294727 -1643590 0 X X 0 1 X 1 1 1 X 7189604 9006948 6389860 8443918 7090330 38120660 7189604 9006948 6389860 8443918 7090330 38120660 11805468 26315192 131235 148495 129195 169121 199770 777816 36069 33293 42867 233173 440656 786058 39684534 99374621 0.66310 0.97010 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 0 4169122 25867 116686 4311675 3998265 69786 122116 21045 4169122 3305716 569018 123531 3998265 3247520 32445 130293 97255 7287 3305716 3220368 30651 5030 8529 3247520 0.00000 0.90030 0.09970 0 0 3388584 3388584 15209646 1360873 13848773 1826746 342271 1484475 5177253 4634803 542450 8320362 2419647 5900715 25164997 Capital lease obligation 632304 632304 X 23652849 19262 19262 23633587 6843504 6843504 30477091 25296439 19262 19262 25277177 6843504 6843504 32120681 Part V, Line 4: The funds are invested for the purpose of granting annual academic scholarships to students of Point University in perpetuity and in accordance with donor stipulations. Part X, Line 2: The 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 accompanying consolidated statements of activities. As of June 30, 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 2013. Part XI, Line 2d - Other Adjustments: Rental expenses 19,262. Part XI, Line 4b - Other Adjustments: Financial aid netted against revenue on financial statements 6,843,504. Part XII, Line 2d - Other Adjustments: Rental expenses 19,262. Part XII, Line 4b - Other Adjustments: Financial aid netted against revenue on financial statements 6,843,504. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 Schedule E, Part I, Line 3 All of the school's published documentation includes the statement of its racial nondiscrimination policy. Schedule E, Part I, Line 6 Form 990- Schedule A, Part V Line 34A: The University receives governmental support to aid students needing educational assistance. Monies are awarded through three federal programs: Pell Grant, Federal Supplemental Educational Opportunity Grant, and the Federal Work Study. In addition the University receives State Support for students needing educational assistance. 1 Scholarships and student aid 725 6843504 Part I, Line 2: Scholarships and tuition discounts are awarded to students on an individual basis. Awards are based on demonstrated financial need, academic preparation, and mission compatability of the student. The financial aid department has primary responsibility for evaluating students for awards but collaborates with a wider range of colleagues throughout the institution. X 1 1 X X X 0 0 0 0 0 0 0 0 0 Dean Collins President 171324 0 4743 0 1371 0 10586 0 50967 0 238991 0 0 0 Part I, Line 1a A nontaxable housing allowance is provided to the President, who is an ordained minister. Part I, Line 3 The President's compensation is reviewed by the Finance Committee of the Board of Trustees. The Finance Committee combined with the Governance Committee contacted a consultant who performed a comparative analysis to determine that the President's compensation was in line with other institutions. This process was documented in the board minutes upon compensation approval. 5500 Scholarship Merit scholarship X 42525 Stock market value X 1 85000 Appraisal X 8 1080000 Appraisal 0 1 0 Part I, Column (b): The number of contributions represent the number of items donated, not the number of contributions received. Form 990, Part II Daniel Frazier, VP Business & Finance, was replaced by Wendy Barnhart, Interim CFO, after the end of this tax period, 6/30/2016. Accordingly, Wendy Barnhart is not reported on Part VII, during this tax period. Form 990, Part VI, Section B, line 11 The Form 990 was prepared by an independent CPA Firm and reviewed in detail by the organization's top management. The reviewed Form 990 is then forwarded to the board of directors prior to filing. Form 990, Part VI, Section B, line 12c The conflict of interest policy is regularly discussed by the Audit Committee with evidence of compliance recorded in the Board meeting minutes. If a conflict were to arise, the party with the conflict would abstain from voting on matters regarding the conflict. Form 990, Part VI, Section B, line 15a Form 990, Part VI, Section B, Line 15a: The President's compensation is reviewed by the Finance Committee of the Board of Trustees. Comparative data from similar colleges and universities is obtained annually to assist in determining compensation levels. This process is documented in the board minutes upon compensation approval. Form 990, Part VI, Section B, Line 15b: While no formal comparative data is used, from professional knowledge, management is aware salaries for officers and key employees are lower compared to similar executives in higher education. Top management and key employees' compensation is determined by the Finance Committee of the Board of Trustees. This process is documented in the board minutes upon compensation approval. Form 990, Part VI, Section C, line 19 Point University makes its governing documents, conflict of interest policy, and financial statements available upon request. Form 990, Part XII, Line 2c: The organization has a committee that assumes responsibility for oversight of the audit of its financial statements and selection of its independent accountant. This process has not changed since the prior year. Point University Golf Club LLC 2001 Country Club Road Lanett AL 36863 473728196 Golf course AL 292703 31430 Point University