2017-04-18T16:00:13-05:00 2016-05-31 350921680 CROWE HORWATH LLP 720 Cool Springs Blvd Suite 600 Franklin TN 370677260 990 2015-06-01 620465076 BELMONT UNIVERSITY BELM 6154606000 1900 BELMONT BLVD NASHVILLE TN 37212 STEVEN T LASLEY VP of Finance and Operations 2017-04-18 true Rachel Spurlock P00520729 6153605500 2015 2021-01-29 14:40:06Z Robert Fisher 1900 BELMONT BLVD NASHVILLE TN 37212 324556761 false X WWW.BELMONT.EDU X 1951 TN BELMONT UNIVERSITY IS A PRIVATE, COEDUCATIONAL INSTITUTION FOCUSED ON UNDERGRADUATE AND POST-GRADUATE EDUCATION. IT PROVIDES AN ACADEMICALLY CHALLENGING EDUCATION AND STRIVES TO BE A LEADER AMONG TEACHING UNIVERSITIES BRINGING TOGETHER THE BEST OF LIBERAL ARTS AND PROFESSIONAL EDUCATION IN A CHRISTIAN COMMUNITY OF LEARNING AND SERVICE. 34 33 3557 140 656651 -196646 12911229 35735488 237951286 255851227 5337490 4079462 5596194 6312838 261796199 301979015 38827843 44677577 0 95642004 101218353 0 2867946 52372518 58390043 186842365 204285973 74953834 97693042 743948726 770745163 193660940 130330479 550287786 640414684 BELMONT UNIVERSITY IS A STUDENT-CENTERED CHRISTIAN COMMUNITY PROVIDING AN ACADEMICALLY CHALLENGING EDUCATION THAT EMPOWERS MEN AND WOMEN OF DIVERSE BACKGROUNDS TO ENGAGE AND TRANSFORM THE WORLD WITH DISCIPLINED INTELLIGENCE, COMPASSION, COURAGE AND FAITH. false false 175711839 44677577 260530253 EDUCATIONAL PROGRAMS, INSTRUCTION AND STUDENT SERVICES ARE PROVIDED TO MORE THAN 7,700 STUDENTS, OFFERING MORE THAN 65 UNDERGRADUATE AND GRADUATE ACADEMIC PROGRAMS THROUGH ITS SEVEN COLLEGES AND SCHOOLS, INCLUDING THE MIKE CURB COLLEGE OF ENTERTAINMENT AND MUSIC BUSINESS, COLLEGE OF PHARMACY, THE COLLEGE OF BUSINESS ADMINISTRATION, AND THE COLLEGE OF LAW. BELMONT OFFERS INTERCOLLEGIATE ATHLETICS IN FIFTEEN DIFFERENT SPORTS, ALL COMPETING IN THE OHIO VALLEY CONFERENCE. BELMONT STUDENT ATHLETES HAVE COMPILED IMPRESSIVE RECORDS, BOTH ON AND OFF THE PLAYING COURT AND FIELD. THE BELMONT MEN'S BASKETBALL TEAM HAS MADE APPEARANCES IN SEVEN OUT OF THE PAST TEN NCAA NATIONAL CHAMPIONSHIP TOURNAMENTS, WHILE THE MEN'S BASEBALL TEAM HAS MADE APPEARANCES IN THEIR RESPECTIVE NCAA TOURNAMENT IN TWO OF THE PAST FOUR YEARS. STUDENT ACTIVITIES ROUND OUT THE COLLEGIATE EXPERIENCE, WITH A FOCUS ON CAMPUS LIFE AND COMMUNITY, STUDENT HEALTH AND WELFARE, AND STUDENT ADVOCACY AND SUPPORT. THERE ARE CURRENTLY MORE THAN 112 CLUBS AND ORGANIZATIONS AVAILABLE TO STUDENTS. 175711839 true true false true false false false true true true true false false false true true false true true false true false true false false false false false true true true false false false false false false true true false true false false false false true true false false false true 9452 0 true 3557 true true true false false false false true true false false false false X 34 33 true false false false false false false true true false false true true true true true true true false false X DAVID RUNYAN 6154606788 1900 BELMONT BLVD NASHVILLE TN 37212 Marty Dickens Chairman 3.0 X X 0 0 0 Gordon Inman Vice Chair 1.0 X X 0 0 0 Joe Russell Secretary 1.0 X X 0 0 0 Harry Allen Trustee 1.0 X 0 0 0 Lee Beaman Trustee 1.0 X 0 0 0 John Ferguson Trustee 1.0 X 0 0 0 Dan Foutch Trustee 1.0 X 0 0 0 Cordia Harrington Trustee 1.0 X 0 0 0 Steve Hewlett Trustee 1.0 X 0 0 0 Damon Hininger Trustee 1.0 X 0 0 0 Jim Holleman Trustee (Through 12/31/2015) 1.0 X 0 0 0 Steve Horrell Trustee (Through 12/31/2015) 1.0 X 0 0 0 Larry Kloess Trustee 1.0 X 0 0 0 Klay Kelley Trustee 1.0 X 0 0 0 R Milton Johnson Trustee (Through 12/31/2015) 1.0 X 0 0 0 Todd Jones Trustee 1.0 X 0 0 0 Ron Knox Trustee 1.0 X 0 0 0 Bill Lee Trustee 1.0 X 0 0 0 Cynthia Leu Trustee 1.0 X 0 0 0 Drew Maddux Trustee 1.0 X 0 0 0 Bruce Maxwell Trustee 1.0 X 0 0 0 Carolyn McAfee Trustee 1.0 X 0 0 0 Rebecca MCKELVEY Castaneda Trustee 1.0 X 0 0 0 Andrea Overby Trustee 1.0 X 0 0 0 Ben L Rechter Trustee 1.0 X 0 0 0 Jon Roebuck Trustee (Through 12/31/2015) 1.0 X 0 0 0 Barbara Massey Rogers Trustee (Through 12/31/2015) 1.0 X 0 0 0 Anne Russell Trustee 1.0 X 0 0 0 Dana Sherrard Trustee 1.0 X 0 0 0 Claire Tucker Trustee 1.0 X 0 0 0 Michael W Smith Trustee 1.0 X 0 0 0 Randy Smith Trustee 1.0 X 0 0 0 Larry Thrailkill Trustee 1.0 X 0 0 0 Troy Tomlinson Trustee 1.0 X 0 0 0 Terry Turner Trustee (Through 12/31/2015) 1.0 X 0 0 0 Paul Walker Trustee 1.0 X 0 0 0 Bob Whisenant Trustee 1.0 X 0 0 0 Jim Wilkerson Trustee 1.0 X 0 0 0 Jim Wright Trustee 1.0 X 0 0 0 Mark Wright Trustee 1.0 X 0 0 0 Robert Fisher President 40.0 X 1024766 0 48148 Thomas Burns Provost 40.0 X 326194 0 31612 Steven Lasley VP of Finance and Operations 40.0 X 296235 0 31866 Jason Rogers VP of Administration & University Counsel 40.0 X 235623 0 38012 Clifton Perry Moulds VP of University Advancement 40.0 X 223995 0 30217 Paula Gill Vice President Institutional Effectiveness 40.0 X 200472 0 19852 Susan West VP/Chief of Staff 40.0 X 193255 0 32287 Todd Lake VP of Spiritual Development 40.0 X 119631 0 28725 Alberto Gonzales Dean 40.0 X 360414 0 32116 James Raines Dean 40.0 X 291635 0 27410 Philip Johnston Dean 40.0 X 265676 0 26265 Richard Byrd Men's Basketball Coach 40.0 X 846018 0 110644 Jeffrey Cornwall Director-Center for Entreprenuership 40.0 X 217537 0 25399 Cameron M Newbauer Woman's Basketball Coach 40.0 X 197955 0 27486 D Lee Warren Professor 40.0 X 192996 0 15822 Douglas Jay Howard Professor 40.0 X 192300 0 17705 5184702 0 543566 167 false true true R C MATHEWS CONTRACTOR LLC PO BOX 24687 NASHVILLE TN 37202 PRIMARY GENERAL CONTRACTOR 14719847 SODEXO 1900 BELMONT BLVD NASHVILLE TN 37212 FOOD SERVICE VENDOR 10020632 SYNERGY BUSINESS ENVIRONMENTS 800 6TH AVENUE SOUTH SUITE 200 NASHVILLE TN 37203 OFFICE FURNITURE 1039314 RT LONDON FURNITURE 1642 BROADWAY AVE NW SUITE 100 GRAND RAPIDS MI 49504 RESIDENCE HALL FURNITURE 877428 MULTI-MEDIA MASTERS INC 5217 LINBAR DRIVE SUITE 308 NASHVILLE TN 37211 RECORDING EQUIPMENT 869357 83 X 1266815 34468673 35735488 Tuition and Fees - Instruction 611710 220596074 220596074 Residence Halls - Student Services 611710 21833393 21833393 BOOKSTORE SALES 451211 4811704 4811704 Conferences/seminars/workshops 611710 4056518 4056518 Study Abroad - Instruction 611710 2703641 2703641 1849897 1849897 0 0 255851227 5368671 5368671 339694 339694 626856 95926 530930 0 530930 530930 20223169 19939 21531435 882 -1308266 19057 -1289209 -1289209 6401 0 6401 6401 1049639 949503 100136 100136 Cafeteria 722210 4066523 4066523 Curb Events Center 711300 784127 612503 171624 Ocean Way Music Studio 711300 485027 485027 0 0 0 0 5335677 301979015 260530253 656651 5056623 44651428 44651428 26149 26149 0 0 4153350 1017649 2873178 262523 78895430 70031571 7327888 1535971 2423459 2154610 225928 42921 10233391 1020123 8780506 432762 5512723 4726216 668369 118138 40902 40902 95750 95750 137773 137773 4605558 3901677 550335 153546 1510811 319123 1191291 397 2024852 1500892 443931 80029 448329 326841 118617 2871 7491483 6991490 499993 6381398 6202136 158810 20452 25396 20995 4401 1394513 1394513 11746862 11300386 446476 1044373 903411 140962 Dues & Subscriptions 4468399 3125160 1334558 8681 BOOKSTORE SALES 3508919 3508919 Repairs & Maintenance 4092972 3724122 368490 360 Small Equipment & Supplies 4232870 3920168 298030 14672 5138883 4944260 0 194623 204285973 175711839 25706188 2867946 5680 7130 41112609 43254904 16720413 33261625 1223953 1230520 0 0 1707560 1645416 1010239 970446 287199 386123 674542113 113425446 546454776 561116667 129633845 115501946 0 0 5792452 13370386 743948726 770745163 23848627 14634515 8454736 8807179 153040335 96130477 174004 246126 5262380 7965973 2880858 2546209 193660940 130330479 X 444846369 510034613 38065772 32022105 67375645 98357966 550287786 640414684 743948726 770745163 X 97693042 -8061244 495100 X false true X true true true X 6877911 11392268 10352914 12911229 35735488 77269810 0 0 6877911 11392268 10352914 12911229 35735488 77269810 8082120 69187690 2059891 2204389 2134759 5821308 6335221 18555568 0 755436 670749 1067866 1126281 1056040 4676372 100501750 1102167424 0.6884 0.6581 X Schedule A, Part II, Line 10 Other Income DESCRIPTION - FUNDRAISING REVENUE, COLUMN A - 3407.0, COLUMN B - 6843.0, COLUMN C - 8592.0, COLUMN D - 11971.0, COLUMN E - 6401.0, COLUMN F - 37214.0; DESCRIPTION - GROSS SALES OF INVENTORY, COLUMN A - 752029.0, COLUMN B - 663906.0, COLUMN C - 1059274.0, COLUMN D - 1114310.0, COLUMN E - 1049639.0, COLUMN F - 4639158.0; RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false false false false false false false false true 12262 12262 false Schedule C, Part II-B, Line 1 DETAILED DESCRIPTION OF THE LOBBYING ACTIVITY BELMONT UNIVERSITY PAID DUES TO TENNESSEE INDEPENDENT COLLEGES AND UNIVERSITIES ASSOCIATION IN THE AMOUNT OF $61,309. A PORTION OF THE DUES IN THE AMOUNT OF $12,262 WAS SPENT ON LOBBYING ACTIVITY. Schedule C, Part II-B, Line 1 DETAILED DESCRIPTION OF THE LOBBYING ACTIVITY BELMONT UNIVERSITY PAID DUES TO TENNESSEE INDEPENDENT COLLEGES AND UNIVERSITIES ASSOCIATION IN THE AMOUNT OF $61,309. A PORTION OF THE DUES IN THE AMOUNT OF $12,262 WAS SPENT ON LOBBYING ACTIVITY. 0 384150 X X X false false true X 107827318 30991021 -3565073 2654224 132599042 101828642 1776474 6404744 2182542 107827318 88433300 4827748 10902920 2335326 101828642 73789111 4100879 12289824 1746514 88433300 75832794 2724138 -2748936 2018885 73789111 0.0495 0.7418 0.2087 false false 30343066 30343066 590141848 75458274 514683574 4757903 2546737 2211166 33757196 25803984 7953212 15542100 9616451 5925649 561116667 Interest Rate Swaps 2546209 2546209 X 250547024 -8061244 352999 1394143 -6314102 256861126 137773 44980116 45117889 301979015 160420126 949503 949503 159470623 137773 44677577 44815350 204285973 Schedule D, Part III, Line 4 Collections of art - description of collections THE COLLECTION CONSISTS OF 2 YEMINI SCROLLS FROM THE MID 19TH CENTURY (APPROXIMATELY 150-175 YEARS OLD) THAT WERE GIVEN TO THE UNIVERSITY 5-6 YEARS AGO. THEY ARE SYNAGOGUE TORAH SCROLLS, HAND-WRITTEN ON PARCHMENT. THEY ARE STORED IN AN ARCHIVE ROOM IN THE LIBRARY, SINCE THEY CANNOT BE KEPT IN FIDELITY HALL BECAUSE OF STEAM HEAT. OCCASIONALLY THEY ARE USED IN CLASSES TO SHOW THEM TO STUDENTS AND TALK ABOUT THEIR CHARACTERISTICS AND SIGNIFICANCE. THREE REPLICA STATUES WERE PURCHASED BY THE UNIVERSITY AND ARE PLACED THROUGHOUT THE CAMPUS IN AN EFFORT TO HELP THE CAMPUS APPEAR AS IT MAY HAVE LOOKED BACK WHEN THE MANSION WAS ORIGINALLY BUILT. ADDITIONALLY, THE UNIVERSITY PURCHASED SEVERAL PIECES OF ART WORK THAT ARE PLACED IN THE GORDON INMAN BUILDING. THEY WERE BOUGHT TO ENHANCE THE APPEARANCE OF THE INTERIOR, SINCE THE BUILDING WOULD BE USED FOR VARIOUS GATHERINGS BY THE PRESIDENT AND SENIOR LEADERSHIP. A MAJORITY OF THE VALUE OF THE COLLECTION LIES IN THE VALUE OF THE SCROLLS. IN FY14, A NEW SCULPTURE WAS COMMISSIONED FOR THE TROUTT THEATER. (TOTAL VALUE OF THE COLLECTION ON THE BOOKS EQUALS $221,650 AND THE VALUE OF THE SCROLLS ON THE BOOKS IS $162,500.) Schedule D, Part IV, Line 2b Explanation of escrow agreement Deposits held for others are monies held by the University for various clubs and groups, as agency funds. The monies are entrusted to the University for safekeeping and may be used or withdrawn by the depositor at will. Funds may be held on behalf of students, faculty, staff, or organizations. Schedule D, Part V, Line 4 Intended uses of endowment funds THE INTENDED USE OF ENDOWMENT FUNDS IS TO PROVIDE STUDENT SCHOLARSHIPS. Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote The University is exempt from federal income tax under Section 501(c)(3) of the Internal Revenue Code; accordingly, no provision for income taxes has been made in the accompanying consolidated financial statements. The University is not classified as a private foundation. The University files a Form 990 (Return of Organization Exempt from Income Tax) annually. When these returns are filed, it is highly certain that some positions taken would be sustained upon examination by the taxing authorities, while others are subject to uncertainty about the merits of the tax position taken or the amount of the position that would ultimately be sustained. Examples of tax positions common to universities include such matters as the following: the tax exempt status of each entity and various positions relative to potential sources of unrelated business income tax ("UBIT"). UBIT is reported on Form 990-T, as appropriate. The benefit of a tax position is recognized in the financial statements in the period during which, based on all available evidence, management believes that it is more likely than not that the position will be sustained upon examination, including the resolution of appeals or litigation processes, if any. Tax positions are not offset or aggregated with other positions. Tax positions that meet the "more likely than not" recognition threshold are measured as the largest amount of tax benefit that is more than 50% likely to be realized on settlement with the applicable taxing authority. The portion of the benefits associated with tax positions taken that exceeds the amount measured as described above would be reflected as a liability for uncertain tax benefits in the accompanying statements of financial position along with any associated interest and penalties that would be payable to the taxing authorities upon examination. As of May 31, 2016 and 2015, there were no uncertain tax positions identified. The University does not expect the total amount of unrecognized tax benefits to significantly change in the next 12 months. Forms 990 and 990-T filed by the University are subject to examination by the Internal Revenue Service (IRS) up to three years from the extended due date of each return. Management believes the Forms 990 and 990-T have been filed appropriately. Forms 990 and 990-T filed by the University are no longer subject to examination for the fiscal years ended May 31, 2012 and prior. The University would recognize interest and penalties related to unrecognized tax positions in interest and income tax expense, respectively. The University did not recognize or accrue any interest or penalties as of May 31, 2016 and 2015, and for the years then ended. Schedule D, Part XI, Line 2(d) Other revenues in audited financial statements not in form 990 COST OF GOODS SOLD - 949503 CHANGE IN VALUE OF INTEREST RATE SWAPS - 334649 CHANGE IN VALUE OF SPLIT INTEREST TRUSTS - 109991 Schedule D, Part XI, Line 4(b) Other revenues in form 990 not in audited financial statements SCHOLARSHIPS & FELLOWSHIPS - 44677577 CHANGE IN VALUE OF ANNUITIES - 302539 Schedule D, Part XII, Line 2(d) Other expenses in audited financial statements not in form 990 COST OF GOODS SOLD - 949503 Schedule D, Part XII, Line 4(b) Other expenses in form 990 not in audited financial statements SCHOLARSHIPS & FELLOWSHIPS - 44677577 true true true true true true true false false false false false false false false true false true Schedule E, Part I, Line 3 RACIALLY NONDISCRIMINATORY POLICY THE COLLEGE'S NONDISCRIMINATORY POLICY IS PRINTED IN THE "EMPLOYEE POLICIES AND PROCEDURES" MANUAL AS WELL AS THE STUDENT HANDBOOK. Schedule E, Part I, Line 6(a) FINANCIAL AID OR ASSISTANCE FROM A GOVERNMENT THE PERKINS LOAN PROGRAM IS A CAMPUS-BASED PROGRAM PROVIDING FINANCIAL ASSISTANCE TO ELIGIBLE POST-SECONDARY SCHOOL STUDENTS BASED ON FINANCIAL NEED. THE DEPARTMENT OF EDUCATION PROVIDES FUNDS ALONG WITH THE UNIVERSITY, WHICH ARE USED TO MAKE LOANS TO ELIGIBLE STUDENTS AT LOW INTEREST RATES. true Europe (Including Iceland and Greenland) 0 0 Grantmaking 20099 East Asia and the Pacific 0 0 Grantmaking 400 Middle East and North Africa 0 0 Grantmaking 1250 South America 0 0 Grantmaking 1700 Sub-Saharan Africa 0 0 Grantmaking 1200 North America (Canada & Mexico only) 0 0 Grantmaking 1500 0 0 0 0 0 0 26149 0 26149 GRANTMAKING- STUDY ABROAD Europe (Including Iceland and Greenland) 22 20099 ACCOUNT CREDIT 0 N/A N/A GRANTMAKING- STUDY ABROAD East Asia and the Pacific 1 400 ACCOUNT CREDIT 0 N/A N/A GRANTMAKING- STUDY ABROAD Middle East and North Africa 2 1250 ACCOUNT CREDIT 0 N/A N/A GRANTMAKING- STUDY ABROAD South America 2 1700 ACCOUNT CREDIT 0 N/A N/A GRANTMAKING- STUDY ABROAD Sub-Saharan Africa 2 1200 ACCOUNT CREDIT 0 N/A N/A GRANTMAKING - STUDY ABROAD North America (Canada & Mexico only) 2 1500 ACCOUNT CREDIT 0 N/A N/A false false false false false false Schedule F, Part I, Line 2 Procedures for monitoring use of grant funds GRANT RECIPIENTS ARE BELMONT UNIVERSITY STUDENTS STUDYING ABROAD. GRANTS ARE OFFSET AGAINST STUDENT TUITION ACCOUNTS. Schedule F, Part I, Line 2 PROCEDURES FOR MONITORING USE OF GRANT FUNDS GRANT RECIPIENTS ARE BELMONT UNIVERSITY STUDENTS STUDYING ABROAD. GRANTS ARE OFFSET AGAINST STUDENT TUITION ACCOUNTS. true MERIT BASED 2740 21736563 0 N/A N/A NEED BASED 2825 12536178 0 N/A N/A ATHLETIC 302 5451647 0 N/A N/A ENDOWED 1106 3868460 0 N/A N/A TALENT BASED 318 1058580 0 N/A N/A Schedule I, Part I, Line 2 Procedures for monitoring use of grant funds. THE UNIVERSITY AWARDS GRANTS AND SCHOLARSHIPS TO ENROLLED STUDENTS. GRANTS ARE CREDITED TO THE RECIPIENTS' ACCOUNTS FOR TUITION, FEES, ROOM AND BOARD. X true true X X X false true false false false false false false false Robert Fisher President 1022156 0 0 0 2610 0 13250 0 34898 0 1072914 0 200000 0 Thomas Burns Provost 326104 0 0 0 90 0 13250 0 18362 0 357806 0 0 0 Steven Lasley VP of Finance and Operations 295977 0 0 0 258 0 13250 0 18616 0 328101 0 0 0 Jason Rogers VP of Administration & University Counsel 235485 0 0 0 138 0 12446 0 25566 0 273635 0 0 0 Clifton Perry Moulds VP of University Advancement 223941 0 0 0 54 0 11525 0 18692 0 254212 0 0 0 Paula Gill Vice President Institutional Effectiveness 200214 0 0 0 258 0 10150 0 9702 0 220324 0 0 0 Susan West VP/Chief of Staff 192997 0 0 0 258 0 10150 0 22137 0 225542 0 0 0 Alberto Gonzales Dean 360018 0 0 0 396 0 13250 0 18866 0 392530 0 0 0 James Raines Dean 291239 0 0 0 396 0 13250 0 14160 0 319045 0 0 0 Philip Johnston Dean 264914 0 0 0 762 0 11252 0 15013 0 291941 0 0 0 Richard Byrd Men's Basketball Coach 770787 0 74835 0 396 0 93250 0 17394 0 956662 0 80000 0 Jeffrey Cornwall Director-Center for Entreprenuership 217279 0 0 0 258 0 10136 0 15263 0 242936 0 0 0 Cameron M Newbauer Woman's Basketball Coach 187901 0 10000 0 54 0 9263 0 18223 0 225441 0 0 0 D Lee Warren Professor 192738 0 0 0 258 0 8079 0 7743 0 208818 0 0 0 Douglas Jay Howard Professor 192063 0 0 0 237 0 0 0 17705 0 210005 0 0 0 Schedule J, Part I, Line 1a Health or social club dues or initiation fees The university pays an annual golf club membership on behalf of its head basketball coach. Schedule J, Part I, Line 4b Supplemental nonqualified retirement plan Dr. Robert Fisher, University President, participates in a supplemental non-qualified retirement plan. In FY 2016, $175,471 was contributed to his plan. Richard Byrd, Men's Basketball Coach, participates in a supplemental non-qualified retirement plan. In FY 2016, $80,000 was contributed to his plan. A HEALTH AND EDUCATIONAL FACILITIES BOARD OF THE METROPOLITAN GOVERNMENT OF N ASHVILLE AND DAVIDSON COUNTY TN (2012A) 626139016 2012-05-30 50900000 REFUNDING BOND ISSUE false false false B HEALTH AND EDUCATIONAL FACILITIES BOARD OF METROPOLITAN GOVERNMENT OF NASHV ILLE AND DAVIDSON COUNTY TENNESSEE 626139016 2010-01-04 23000000 CONSTRUCTION OF CAMPUS FACILITIES false false false C HEALTH AND EDUCATIONAL FACILITIES BOARD OF METROPOLITAN GOVERNMENT OF NASHV ILLE AND DAVIDSON COUNTY TENNESSEE 626139016 592041TS6 2012-05-30 59162825 CONSTRUCTION OF CAMPUS FACILITIES false false false D HEALTH AND EDUCATIONAL FACILITIES BOARD OF THE METROPOLITAN GOVERNMENT OF N ASHVILLE AND DAVIDSON COUNTY TN 626139016 2013-06-14 40100000 CONSTRUCTION OF CAMPUS FACILITIES false false false A 14700000 0 50900000 0 0 50900000 0 0 0 0 0 0 true false true true B 16750000 0 23136460 0 0 0 0 0 0 23136460 0 0 2010 false false true true C 5482348 0 59162825 0 0 10058276 559269 0 0 48545280 0 0 true false true true D 40100000 0 40100000 0 0 0 90031 0 0 40009969 0 0 false false true true A false false false false 0.0 false false true B false false false false 0.0 false false true C false false false false 0.0 false false true D false false false false 0.0 false false true A false true true false false false true B false true true false false false true C false true true false false false true D false true true false false false true A true B true C true D true Schedule K, Part II, Line 3 Total proceeds of 2010 bond issue Total proceeds of bond issue is equal to the issue price of $23,000,000 as reported in Part I, Column (e) plus interest of $136,460. Schedule K, Part III, Line 9 WRITTEN PROCEDURES TO UNDERTAKE CORRECTIVE ACTION FOR ALL BOND ISSUES The organization is in the process of adopting written procedures which dictate how management timely identifies and corrects violations of federal tax requirements using the voluntary closing agreement program provided by the IRS when self-remediation is not available to the organization. The organization strives to stay abreast of federal regulations and considers the repercussions of all significant activities which could foreseeably have an impact on the organization's tax exempt bonds and the associated federal tax regulations. In the event a violation is identified the organization's policy is to correct the violation as soon as possible, while working with the federal authorities as necessary to ensure that sufficient controls are present which will guard against future violations. THE PROCEDURES WILL BE IMPLEMENTED DURING FY16. Schedule K, Part IV, Line 7 WRITTEN PROCEDURES FOR REMeDIATION FOR ALL BOND ISSUES The organization is in the process of adopting written procedures to ensure all nonqualified bonds (if any) of the issue are remediated in accordance with the associated regulations. The organization strives to stay abreast of federal regulations and considers the repercussions of all significant activities which could foreseeably have an impact on the organization's tax exempt bonds and the associated federal tax regulations. THE PROCEDURES WILL BE IMPLEMENTED DURING FY16. Schedule K, Part V written procedures to monitor arbitrage for all bond issues The organization is in the process of adopting written procedures to monitor the organization's ability to remain in compliance with the arbitrage requirements under Section 148 of the Internal Revenue Code. The organization strives to stay abreast of federal regulations and considers the repercussions of all significant activities which could foreseeably have an impact on the organization's tax exempt bonds and the associated federal tax regulations. THE PROCEDURES WILL BE IMPLEMENTED DURING FY16. SEE PART V N/A 121800 DISCOUNTED TUITION SEE PART V N/A 3000 FINANCIAL AID LEE COMPANY BOARD MEMBER, BILL LEE, IS OWNER OF LEE CO. 328535 BUSINESS TRANSACTIONS false Schedule L, Part III GRANTS OR ASSISTANCE BENEFITING INTERESTED PERSONS COLLEGES, UNIVERSITIES, AND PRIMARY AND SECONDARY SCHOOLS ARE NOT REQUIRED TO IDENTIFY INTERESTED PERSONS TO WHOM THEY PROVIDED SCHOLARSHIPS, FELLOWSHIPS, AND SIMILAR FINANCIAL ASSISTANCE. PURSUANT TO THE INSTRUCTIONS TO FORM 990, SCH L, PART III, COLUMNS(A) AND (B) HAVE BEEN LEFT BLANK. Form 990, Part VI, Line 15b COMPENSATION OF OTHER OFFICERS AND KEY EMPLOYEES THE HUMAN RESOURCE DIRECTOR OBTAINS REGIONAL AND NATIONAL DATA ON COMPARABLE COMPENSATION OF SIMILAR POSITIONS AND SKILL LEVEL. THE COMPENSATION IS THEN REVIEWED BY THE SEARCH COMMITTEE WITH FINAL APPROVAL BY THE PRESIDENT OF THE UNIVERSITY. DOCUMENTATION OF THE PROCESS AND RESULTS IS KEPT IN HUMAN RESOURCES. THIS PROCESS WAS LAST CONDUCTED IN FY 2014. Form 990, Part VI, Line 1a Delegate broad authority to a committee Article VI, Section 1: The executive committee shall have and exercise the authority of the Board of Trustees in the management of the Corporation during the interim between the meetings of the Board of Trustees. In addition, the committee shall be responsible for coordinating with and advising the president on strategic issues affecting the University. Form 990, Part VI, Line 2 Family/business relationships amongst interested persons ANN RUSSELL AND JOE RUSSELL - Family relationship Form 990, Part VI, Line 11b Review of form 990 by governing body THE FORM 990 IS REVIEWED BY THE CHIEF FINANCIAL OFFICER, WITH COPIES MARKED "DRAFT" AND THEN SUBMITTED ELECTRONICALLY TO EACH MEMBER OF THE AUDIT COMMITTEE OF THE BOARD FOR REVIEW AND COMMENT. THE RETURN IS FORMALLY SUBMITTED UPON COMPLETION OF REVIEW. Form 990, Part VI, Line 12c Conflict of interest policy COMPLIANCE WITH THE ORGANIZATION'S CONFLICT OF INTEREST POLICY IS MONITORED ANNUALLY. UPDATED FORMS ARE REVIEWED BY THE CHIEF FINANCIAL OFFICER AND THE OFFICE OF INSTITUTIONAL EFFECTIVENESS. ALL INTERESTED PERSONS SHALL DISCLOSE TO THE BOARD ANY POSSIBLE CONFLICTS OF INTEREST. IN THE EVENT OF A CONFLICT, THE TRUSTEE OR OFFICER SHALL ABSENT HIM OR HERSELF FROM DISCUSSIONS OF, AND ABSTAIN FROM VOTING ON, SUCH MATTERS UNDER CONSIDERATION BY THE BOARD OF TRUSTEES OR ITS COMMITTEES. Form 990, Part VI, Line 15a Process to establish compensation of top management official THE HUMAN RESOURCE DIRECTOR OBTAINS REGIONAL AND NATIONAL DATA ON COMPARABLE COMPENSATION OF SIMILAR POSITIONS AND SKILL LEVEL. COMPENSATION IS THEN REVIEWED BY THE SEARCH COMMITTEE WITH FINAL APPROVAL BY THE BOARD OF TRUSTEES. DOCUMENTATION OF THE PROCESS AND RESULTS IS KEPT IN HUMAN RESOURCES. THIS PROCESS WAS LAST CONDUCTED IN FY 2016. Form 990, Part VI, Line 19 Required documents available to the public Financial statements, governing documents, and conflict of interest policies are not required disclosures pursuant to Internal Revenue Code (IRC) Section 6104. These documents are not available to the public at this time. Form 990, Part VIII, Line 2f Other Program Service Revenue ATHLETIC PROGRAMS - Total Revenue: 1849897, Related or Exempt Function Revenue: 1849897, Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: ; Form 990, Part XI, Line 9 Other changes in net assets or fund balances RECOVERIES OF PRIOR YEAR GRANTS - 352999; CHANGE IN VALUE OF INTEREST RATE SWAPS - 334649; CHANGE IN VALUE OF SPLIT INTEREST TRUSTS - 109991; CHANGE IN VALUE OF ANNUITIES - -302539; MIDTOWN CAPITAL INVESTMENTS LLC 2319 CRESTMOOR RD NASHVILLE TN 37215 DEVELOPMENT OF CAMPUS FACILITIES TN 0 0 BELMONT UNIVERSITY CHARITABLE REMAINDER TRUST (1) INVESTMENTS TN NA Trust false THE ATHLETE'S HOUSE INTERNATIONAL LTD 1900 BELMONT BLVD NASHVILLE TN 37212 620941784 DEVELOPMENT OF CAMPUS FACILITIES TN BELMONT UNIVERSITY S Corporation 0 3030000 false false false false false false false false false false false false false false false false false false false false