2017-03-20T15:03:14-05:00 2016-06-30 420714325 RSM US LLP 919 EAST MAIN STREET SUITE 1800 RICHMOND VA 23219 990 2015-07-01 540646523 SOUTHERN VIRGINIA UNIVERSITY SOUT 5402618454 ONE UNIVERSITY HILL DRIVE BUENA VISTA VA 24416 ROBERT HUCH VICE PRESIDENT/CFO 5402618454 2017-03-15 1 BETTY CROUCH P01059588 8042822121 2015 2021-01-29 14:40:06Z ROBERT HUCH ONE UNIVERSITY HILL DRIVE BUENA VISTA VA 24416 18970450 0 X WWW.SVU.EDU X 1867 VA TO PROVIDE A COMPREHENSIVE FOUR-YEAR LIBERAL ARTS EDUCATION. 15 14 570 25 18773 0 3339432 4374597 12106515 12792037 28126 82 640254 732829 16114327 17899545 2456188 2591409 0 0 7876881 8916822 0 0 835104 6176509 6347484 16509578 17855715 -395251 43830 30824991 33639151 10146814 13053973 20678177 20585178 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 15635202 2591409 13504918 SOUTHERN VIRGINIA UNIVERSITY IS A PRIVATE, NON-PROFIT, RESIDENTIAL FOUR YEAR COLLEGE WHICH SERVED APPROXIMATELY 800 AVERAGE FULL AND PART-TIME STUDENTS PER SEMESTER IN THE ACADEMIC YEAR 2015-2016. DURING 2015-16 ACADEMIC YEAR MORE THAN 190 STUDENTS GRADUATED WITH BACHELORS DEGREES. 15635202 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 1 0 1 0 0 0 0 0 0 0 1 1 0 0 0 0 0 1 0 0 1 0 0 0 0 0 0 0 0 1 923 0 1 570 1 1 1 0 0 0 0 0 0 0 0 0 X 15 14 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 CATHY CHAMBERLAIN TRUSTEE 1.00 X 0 0 0 MICHAEL D ELTON TRUSTEE 1.00 X 0 0 0 STERLING D COLTON TRUSTEE 1.00 X 0 0 0 JUSTIN KNIGHT TRUSTEE 1.00 X 0 0 0 J CHRISTOPHER LANSING 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 168261 0 18699 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 ROBERT E HUCH VP OF FINANCE AND ADMINIST 40.00 X 109041 0 2601 KRISTIE GIBBONS SECRETARY TO THE BOARD 40.00 X 18850 0 4351 MADISON U SOWELL PROVOST 40.00 X 123899 0 5600 420051 0 31251 3 0 1 0 INTEGRATED CONSTRUCTION SERVICE LLC 3433 PAGELAND HIGHWAY LANCASTER SC 29721 GENERAL CONTRACTOR 1705906 1 4374597 62433 4374597 TUITION & FEES 611600 10509572 10509572 HOUSING & AUX ENTERP. 611600 1893581 1893581 TRAVEL STUDY 611600 237295 237295 SPECIAL PROGRAMS 611600 151589 151589 12792037 30093 30093 1175 0 1175 1175 1175 548275 12707 566599 24394 -18324 -11687 -30011 -30011 1117085 479912 637173 622195 14978 MISCELLANEOUS 611600 78256 78256 VENDING/LAUNDRY INCOME 611600 5920 5920 SHUTTLE FEES 611600 5110 5110 5195 1400 3795 94481 17899545 13504918 18773 1257 2591409 2591409 420050 155251 141628 123171 6782324 5912647 499609 370068 61222 51318 5478 4426 1177500 974673 103293 99534 475726 399807 42376 33543 44522 40238 4284 82707 74767 7940 1055607 939569 101333 14705 395240 330394 35578 29268 640769 570697 59497 10575 176910 153211 16498 7201 577388 519937 54425 3026 779474 589943 63526 126005 60118 52647 5669 1802 295226 266526 28700 1120886 1011922 108964 199912 180478 19434 OTHER 283717 253281 27192 3244 STUDENT ACTIVITIES 265620 239798 25822 EQUIPMENT MAINTENANCE 264620 232295 23999 8326 MEMBERSHIPS 104768 94394 10164 210 17855715 15635202 1385409 835104 10434 26656 3130722 3175217 4730433 6208155 426315 432660 222609 219958 18240 26648 268236 165881 35731662 13851243 20484308 21880419 1090660 1017783 90000 90000 139393 132364 213641 263410 30824991 33639151 1654135 1244550 389578 374414 6468392 10292870 971771 382215 662938 759924 10146814 13053973 X 18015580 18415065 2142307 1631369 520290 538744 20678177 20585178 30824991 33639151 X 43830 -158207 25175 -3797 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1141135 18454 -72867 1086722 893697 150071 97367 1141135 713686 43000 137010 893696 609747 3000 97939 713686 574049 35698 609747 0.11000 0.50000 0.39000 0 0 1369935 1369935 23451079 8020907 15430172 5146246 4102712 1043534 5764402 1727624 4036778 21880419 OBLIGATION UNDER CAPITAL LEASE 257765 DEPOSIT 244933 ANNUITY PAYABLE 257226 759924 X 15721767 -158207 25175 -2520861 -2653893 18375660 -476115 -476115 17899545 15814766 479912 479912 15334854 2520861 2520861 17855715 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, 2013. PART XI, LINE 2D - OTHER ADJUSTMENTS: SCHOLARSHIPS PAID OUT TO STUDENTS, NETTED WITH REVENUES ON THE REPORT -2,520,861. PART XI, LINE 4B - OTHER ADJUSTMENTS: COST OF GOODS SOLD INCLUDED IN EXPENSES ON THE REPORT -479,912. NON-CASH INCOME - RUSSELL CLARK REALTY CO K-1 (NOT INCLUDED IN THE REPORT) 3,795. ROUNDING 2. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD INCLUDED IN EXPENSES ON THE REPORT 479,912. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS PAID OUT TO STUDENTS, NETTED WITH REVENUES ON THE REPORT 2,520,861. 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 138901 ASIA 0 0 PROGRAM SERVICES SERVICES BEING PROVIDED ARE LODGING, FOOD, AND TRANSPORTATION FOR PARTICIPANTS IN THE TRAVEL STUDY PROGRAM 41180 0 0 0 0 0 0 180081 0 180081 0 0 0 0 0 0 1 RETURNED MISSIONARY SCHOLARSHIPS 170 253415 UNIVERSITY GRANTS 140 206238 ACADEMIC SCHOLARSHIPS 669 1888019 TALENT SCHOLARSHIPS 47 46075 VARIOUS OTHER 69 197662 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 168261 0 0 0 0 0 1750 0 16949 0 186960 0 0 0 JAMES SKEEN TRUSTEE 32739 LEGAL 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. X 3349 FAIR MARKET VALUE X 2 38466 FAIR MARKET VALUE X MISCELLANEOUS 1 19352 FMV X EQUIPMENT 2 574 DONOR DECLARED VALUE X SPORTS EQUIPMENT 3 540 DONOR DECLARED VALUE X SUPPLIES 1 153 FMV 0 1 0 FORM 990, PART VI, SECTION A, LINE 2 JAMES E. SKEEN, TRUSTEE AND DANE C. MCBRIDE, TRUSTEE: FAMILY RELATIONSHIP. STANFORD C. STODDARD, TRUSTEE AND STANFORD D. STODDARD, TRUSTEE: FAMILY RELATIONSHIP. FORM 990, PART VI, SECTION B, LINE 11 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 2015 AND ONES THEY MAY BE AWARE OF AND THAT MAY BE POSSIBLE FOR 2016. 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 -3,795. ROUNDING -2.