2017-05-03T09:43:33-05:00 2016-06-30 BKD LLP 190 E Capitol Street Ste 500 Jackson MS 392012190 990 2015-07-01 640303069 Belhaven University % VIRGINIA HENDERSON BELH 6019688705 1500 Peachtree Street Jackson MS 39202 VIRGINIA HENDERSON CFO 6019688705 2017-05-15 true Mary F Overstreet CPA P01270094 6019486700 2017-05-15 2015 2017-02-10 21:41:12Z VIRGINIA HENDERSON 1500 Peachtree Street Jackson MS 39202 64835970 false X WWW.BELHAVEN.EDU X 1883 MS BELHAVEN UNIVERSITY (BELHAVEN) IS A CHRISTIAN LIBERAL ARTS UNIVERSITY DEDICATED TO EXCELLENCE IN CHRISTIAN HIGHER EDUCATION. 31 29 1261 29 101882 0 4198533 5112796 53968550 57986704 845656 203400 650698 730419 59663437 64033319 14073144 14551928 0 0 24783422 25543624 0 0 599646 18329792 20057117 57186358 60152669 2477079 3880650 61795035 71156562 24560057 30473927 37234978 40682635 BELHAVEN UNIVERSITY PREPARES STUDENTS ACADEMICALLY AND SPIRITUALLY TO SERVE JESUS CHRIST IN THEIR CAREERS, IN HUMAN RELATIONSHIPS, AND IN THE WORLD OF IDEAS. false false 50073907 14551928 53143599 BELHAVEN UNIVERSITY (BELHAVEN), IS A CHRISTIAN LIBERAL ARTS UNIVERSITY DEDICATED TO EXCELLENCE IN CHRISTIAN HIGHER EDUCATION. BELHAVEN'S RICH LEGACY WITH A CHRISTIAN CURRICULUM IS CENTERED ON THE BIBLICAL WORLDVIEW. THIS UNIQUE WORLDVIEW CURRICULUM SEAMLESSLY INTERTWINES HISTORY, LITERATURE, ART, MUSIC, AND PHILOSOPHY INTO A CHRONOLOGICAL CORE CURRICULUM FOR ALL INCOMING FRESHMEN AND SOPHOMORES. BELHAVEN HAS RECEIVED NATIONAL RECOGNITION FOR ITS ACADEMIC PROGRAMS AND AFFORDABILITY, AND THE COLLEGE HAS EARNED REGIONAL ACCREDITATION BY THE COMMISSION ON COLLEGES OF THE SOUTHERN ASSOCIATION OF COLLEGES AND SCHOOLS (SACS). BELHAVEN IS NATIONALLY ACCREDITED IN ALL FOUR OF THE ARTS: DANCE, MUSIC, THEATRE, AND VISUAL ART. OFFERING 27 UNDERGRADUATE MAJORS AND A 12:1 STUDENT TO FACULTY RATIO FOR THE TRADITIONAL UNDERGRADUATE PROGRAM, BELHAVEN PROVIDES A CLOSE-KNIT LEARNING COMMUNITY WHERE STUDENTS SEE THE COLLEGE'S VISION AND MISSION LIVED OUT IN THE LIVES OF FACULTY MEMBERS. FOR NON-TRADITIONAL, WORKING ADULTS, BELHAVEN ALSO OFFERS ADULT AND GRADUATE DEGREE PROGRAMS IN JACKSON, AS WELL AS IN SOUTHAVEN, MS, ATLANTA, CHATTANOOGA, HOUSTON, ORLANDO, AND MEMPHIS. ACCREDITED ONLINE DEGREE PROGRAMS ARE ALSO AVAILABLE FOR STUDENTS WHO DESIRE DISTANCE LEARNING WITH A CHRISTIAN CURRICULUM. BELHAVEN HAS AN ENROLLMENT OF APPROXIMATELY 6,128 STUDENTS, INCLUDING APPROXIMATELY 3,648 STUDENTS ENROLLED IN ITS NONTRADITIONAL PROGRAM. 1668469 4939965 AUXILIARY EXPENSES-DORMITORIES, CAFETERIA, VENDING MACHINES, BOOKSTORE AND POST OFFICE. 51742376 true true false false false false false true false true true false false false true false true false true false false false false false false false false false true true true false false false false false true false false false true true false false false false false false false false true 49 0 1261 true true true false false false false false false false false false false false false X 31 29 true false false false false false false true true false false true true true true true true true false false X VIRGINIA HENDERSON 6019688778 1500 PEACHTREE STREET JACKSON MS 39202 James M Bateman Trustee 1.0 0.0 X 0 0 0 L Forrest Berry Trustee 1.0 0.0 X 0 0 0 Kevin Brown Trustee 1.0 0.0 X 0 0 0 Charles Cannada Trustee 1.0 0.0 X 0 0 0 Samuel M Lane Trustee 1.0 0.0 X 0 0 0 Charles Doty Trustee 1.0 0.0 X 0 0 0 Stephen M Edwards Trustee 1.0 0.0 X 0 0 0 F Earl Fyke III Trustee 1.0 0.0 X 0 0 0 Doug Hederman Trustee 1.0 0.0 X 0 0 0 Jimmy Hood Trustee 1.0 0.0 X 0 0 0 Wayne Husband Trustee 1.0 0.0 X 0 0 0 Stuart Kellogg Trustee 1.0 0.0 X 0 0 0 Verne Kennedy Trustee 1.0 0.0 X 0 0 0 Rev Jay Kyle Trustee 1.0 0.0 X 0 0 0 Liza C Looser Trustee 1.0 0.0 X 0 0 0 Sean Michael Lucas Trustee 1.0 0.0 X 0 0 0 Virginia W Morris Trustee 1.0 0.0 X 0 0 0 Leisha Pickering Trustee 1.0 0.0 X 0 0 0 Moran Pope Trustee 1.0 0.0 X 0 0 0 Hugh Potts Jr Trustee 1.0 0.0 X 0 0 0 Karen Taylor Trustee 1.0 0.0 X 0 0 0 Dr W Lynn Stringer Trustee 1.0 0.0 X 0 0 0 Joseph Stroble Trustee 1.0 0.0 X 0 0 0 Gaines P Sturdivant Trustee 1.0 0.0 X 0 0 0 Alan Walters Trustee 1.0 0.0 X 0 0 0 Richard Whitlock Trustee 1.0 0.0 X 0 0 0 Dolphus Weary Trustee 1.0 0.0 X 0 0 0 Calvin Wells Trustee 1.0 0.0 X 0 0 0 Richard Wilson Jr Trustee 1.0 0.0 X 0 0 0 Mark Windham Trustee 1.0 0.0 X 0 0 0 Jerry Young Trustee 1.0 0.0 X 0 0 0 Roger Parrott President 40.0 0.0 X 440523 0 124425 Daniel Fredericks Provost 40.0 0.0 X 159002 0 17626 Kevin Russell VP for Enrollment & Univ Mktg 40.0 0.0 X 110283 0 14017 Audrey Kelleher VP for Adult & Grad Enrollment 40.0 0.0 X 122510 0 13758 Scott Little VP for Stud Affairs & Athletic 40.0 0.0 X 111981 0 3600 Virginia Henderson CFO 40.0 0.0 X 116278 0 11900 Jeffrey L Rickels VP for University Advancement 40.0 0.0 X 115050 0 19585 1175627 0 204911 8 false true false 0 5112796 2250000 5112796 Tuition & Fees 611310 53143599 53143599 Auxiliary Enterprises 611710 20948 20948 Housing Revenue 721310 4822157 4822157 57986704 298616 298616 0 0 220740 220740 0 220740 220740 23324 99172 28842 -99172 -5518 -95216 -95216 0 0 985574 674637 310937 310937 Miscellaneous Revenues 900099 96860 96860 Camp Meals 722320 101882 101882 198742 64033319 58083564 101882 735077 0 14551928 14551928 0 0 1302614 397650 767453 137511 0 20720372 18173206 2259056 288110 757974 694745 63229 1292163 1265015 5385 21763 1470501 1254108 185493 30900 0 46859 46859 102869 102869 0 0 30742 30742 146105 145087 922 96 2155423 1735782 419641 2167276 1771491 374213 21572 0 0 2563022 1545197 1017056 769 961570 757224 190175 14171 0 138738 124014 12171 2553 773053 685923 78944 8186 0 2932391 2601885 299455 31051 586747 586747 CONTRACT EXPENSE 3082320 2830005 224653 27662 Departmental Expense 2142670 1801122 334745 6803 BAD DEBT EXPENSE 746133 0 746133 0 BOOK PURCHASES 693012 693012 0 0 788187 714982 64706 8499 60152669 51742376 7810647 599646 3463995 4446055 185914 0 166820 140859 1592268 1712137 114917 96917 0 0 995967 964582 431715 528196 169715 153792 92534796 35717377 45393731 56817419 5782460 5966963 80869 76742 0 0 0 0 3416664 252900 61795035 71156562 1717790 2188025 0 0 318989 455678 18916666 15516666 0 0 0 0 2026216 10482461 0 0 1580396 1831097 24560057 30473927 X 24123721 30511302 8777128 5612554 4334129 4558779 37234978 40682635 61795035 71156562 X 3880650 -37798 -395195 X false true true true true X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 152000 X X DISPLAYED IN UNIV LIBRARY false 4894350 220050 131780 135000 -26165 28022 5109323 4824162 106206 103585 106206 33397 4894350 4189398 75215 662386 75215 27622 4824162 4113731 54550 282894 234550 27227 4189398 4090220 34875 46942 34875 23431 4113731 0.80480 0.19520 false false 2610409 2610409 65244414 19952694 45291720 21591655 15540950 6050705 3088318 223733 2864585 56817419 0 Obligation Under Interest Rate Swap 392866 Funds Held For Others 20939 Annuities Payable 93087 Advances from Government 926135 Deferred Lease Liability 398070 1831097 50701441 -37798 -13968717 -14006515 64707956 -674637 -674637 64033319 47253784 674637 674637 46579147 13573522 13573522 60152669 SCHEDULE D, PART III, LINE 4 THE UNIVERSITY'S WARREN A. HOOD LIBRARY ON THE UNIVERSITY'S CAMPUS, PERMANENTLY DISPLAYS A BOEHM PORCELAIN BIRD COLLECTION. ALSO ON DISPLAY THROUGHOUT THE BUILDING ARE NUMEROUS PIECES FROM THE BELHAVEN PERMANENT ART COLLECTION. SCHEDULE D, PART V, LINE 4 BELHAVEN UNIVERSITY'S ENDOWMENT FUNDS ARE MADE UP OF ENDOWED SCHOLARSHIPS. ENDOWED SCHOLARSHIPS ARE ESTABLISHED AND NAMED BY INDIVIDUAL DONORS WISHING TO PROVIDE PERPETUAL ASSISTANCE TO BELHAVEN STUDENTS. SCHOLARSHIPS ARE AWARDED BY THE OFFICE OF STUDENT FINANCIAL PLANNING IN ACCORDANCE WITH THE CRITERIA ESTABLISHED BY THE DONOR. ENDOWED SCHOLARSHIPS ARE DESIGNED TO PRESERVE AND GROW THE ORIGINAL PRINCIPAL BY PAYING OUT MINIMAL SCHOLARSHIP AMOUNTS EACH ACADEMIC YEAR AND ACCUMULATING ANY EXCESS EARNINGS. SCHEDULE D, PART XI, LINE 2D LOSS ON INTEREST RATE SWAP: ($298,921) CHANGE IN SPLIT INTEREST AGREEMENT: ($96,274) SCHOLARSHIPS & FINANCIAL AID: ($13,573,522) TOTAL DIFFERENCE= ($13,968,717) Schedule D, Part XI Line 4b Cost of Goods Sold: ($674,637) Schedule D, Part XII Line 2d Cost of Goods Sold: $674,637 Schedule D, Part XII Line 4b Scholarships & Financial Aid: $13,573,522 true true true true true true true false false false false false false false false true false true SCHEDULE E, PART I, LINE 3 THE NONDISCRIMINATORY POLICY IS STATED IN ALL BROCHURES, CATALOGS, ETC. THAT ARE DISTRIBUTED TO STUDENTS, PROSPECTIVE STUDENTS, AND OTHERS. THE POLICY STATES,"BELHAVEN UNIVERSITY DOES NOT DISCRIMINATE IN THE ADMINISTRATION OF ITS EDUCATION POLICIES, APPLICATIONS FOR ADMISSION, OR SCHOLARSHIP AND LOAN PROGRAMS. THE RIGHTS, PRIVILEGES, PROGRAMS, AND ACTIVITIES OF BELHAVEN UNIVERSITY ARE MADE AVAILABLE TO ALL STUDENTS WHO ARE ENROLLED REGARDLESS OF SEX, RELIGION, COLOR, NATIONAL ORIGIN, HANDICAP, OR AGE." SCHEDULE E, PART I, LINE 6A BELHAVEN RECEIVED FINANCIAL AID FROM THE US DEPARTMENT OF EDUCATION. Expenditures of federal awards for the year ended June 30, 2016 were $60,916,005. true Scholarships & Grants 1391 13174933 SCHEDULE I, PART I, LINE 2 THE UNIVERSITY MAINTAINS STUDENT FINANCIAL AID RECORDS AND FOLLOWS APPROPYIATE SELECTION CRITERIA FOR ALL GRANTS AND ASSISTANCE AWARDED TO STUDENTS. THE UNIVERSITY HAS AN ANNUAL COMPLIANCE AUDIT CONDUCTED IN ACCORDANCE WITH OMB CIRCULAR A-133 EACH YEAR. FOR THE YEAR ENDED 6/30/2016, THE AUDIT REPORTED THAT THE UNIVERSITY COMPLIED, IN ALL MATERIAL RESPECTS, WITH THE COMPLIANCE REQUIREMENTS OF ITS MAJOR FEDERAL PROGRAMS. X true true X X X false false false false false false false false false Roger Parrott President 440523 0 0 15100 109325 564948 0 Daniel Fredericks Provost 159002 0 0 12812 4814 176628 0 SCHEDULE J, PART I, LINE 1A THE PRESIDENT RECEIVES A HOUSING ALLOWANCE AS AN ORDAINED MINISTER. A MISSISSIPPI BUSINESS FINANCE CORPORATION 640679132 NONEAVAIL 2012-06-01 23000000 REFUNDING OF 2008 BOND ISSUED false false false A 0 0 23000000 0 0 0 294775 0 0 14705225 0 0 2014 true false false true A false false false false 0 false false false false A false false false false false false 0 false 0 false false A false Dr Roger Parrot OFFICER Housing Loan X 245000 91000 false true true Virginia Henderson OFFICER Housing Loan X 23000 5917 false true true 96917 See Part V See Part V 1392184 Dining Services false Schedule L, Part IV, Line 1 MMI Dining Systems, LLC- Board members, Gaines P. Sturdivant and Cal Wells, are greater than 35% owners of MMI Dining Systemes, LLC. MMI Dining Systems, LLC was also a substantial contributor to the University during the year. X 1 2250000 APPRAISAL true false false Part I, Line 30b: The organization received residential property during FY 2016. According to the agreement between the organization and the donor, the organization must not sell the property or personal property for a period of three years and one day following closing, and the property must be used only for single-family residential purposes. FORM 990, PART VI, SECTION A, LINE 2 DIRECTORS, GAINES P. STURDIVANT AND CAL WELLS HAD A BUSINESS RELATIONSHIP DURING THE TAX YEAR. FORM 990, PART VI, SECTION B, LINE 11B A COPY OF FORM 990 IS SENT VIA EMAIL TO EACH MEMBER OF THE EXECUTIVE COMMITTEE. EACH MEMBER OF THE BOARD ALSO RECEIVES A COPY OF THE FORM 990 TO REVIEW AND APPROVE BEFORE IT IS FILED. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION REGULARLY AND CONSISTENTLY MONITORS AND ENFORCES ITS CONFLICT OF INTEREST POLICY BY REQUIRING ALL TRUSTEES AND OFFICERS TO COMPLETE AN ANNUAL CONFLICT OF INTEREST DISCLOSURE QUESTIONNAIRE. THE QUESTIONNAIRE IS REVIEWED BY THE EXECTIVE COMMITTEE AND THE PRESIDENT. IF A CONFLICT ARISES THE INTERESTED MEMBER IS REQUIRED TO DISCLOSE THE CONFLICT/POTENTIAL CONFLICT. FURTHERMORE, THE INTERESTED MEMBER IS PROHIBITED FROM VOTING ON ANY MATTERS RELATED TO THE CONFLICT/POTENTIAL CONFLICT. FORM 990, PART VI, SECTION B, LINE 15A THE COMPENSATION OF THE PRESIDENT IS REVIEWED AND APPROVED BY THE EXECUTIVE COMMITTEE. THE PRESIDENT REVIEWS AND APPROVES COMPENSATION OF TOP MANAGEMENT AND OTHER EMPLOYEES. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S FORM 990, GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, & FINANCIAL STATEMENTS ARE AVAILABLE FOR PUBLIC INSPECTION UPON REQUEST. FORM 990, PART XI, LINE 9 Loss on Interest Rate Swap (298,921) Change in Split Interest Agreement (96,274) Total other changes in net assets or fund balance= (395,195)