2016-05-11T08:35:18-05:00 2015-06-30 BKD LLP 190 E Capitol Street Ste 500 Jackson MS 392012190 990 2014-07-01 640303069 Belhaven University % VIRGINIA HENDERSON BELH 6019688705 1500 Peachtree Street Jackson MS 39202 VIRGINIA HENDERSON CFO 6019688705 2016-05-15 true Penny Wood CPA P00328157 6019486700 2016-05-15 2014 2016-08-17 19:52:53Z VIRGINIA HENDERSON 1500 PEACHTREE STREET JACKSON MS 39202 60222715 false X WWW.BELHAVEN.EDU X 1883 MS BELHAVEN UNIVERSITY (BELHAVEN) IS A CHRISTIAN LIBERAL ARTS UNIVERSITY DEDICATED TO EXCELLENCE IN CHRISTIAN HIGHER EDUCATION. 32 31 1207 31 119335 0 6982553 4198533 49855904 53968550 448216 845656 885103 650698 58171776 59663437 13552416 14073144 0 0 21925837 24783422 36443 0 696015 17344279 18329792 52858975 57186358 5312801 2477079 59244663 61795035 24096646 24560057 35148017 37234978 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 48180457 14073144 50052601 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 4,293 STUDENTS, INCLUDING APPROXIMATELY 3,071 STUDENTS ENROLLED IN ITS NONTRADITIONAL PROGRAM. 1554400 4002414 AUXILIARY EXPENSES-DORMITORIES, CAFETERIA, VENDING MACHINES, BOOKSTORE AND POST OFFICE. 49734857 true true false false false false false true false true true false false true 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 63 0 1207 true true true false false false false false false false false false false false false X 32 31 false 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 Joel Bomgar Trustee 1.0 0.0 X 0 0 0 Charles Cannada Trustee 1.0 0.0 X 0 0 0 F Bond Christie 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 Rev David A Rich 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 Wirt Yerger III 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 343218 0 143925 Daniel Fredericks Provost 40.0 0.0 X 157401 0 17626 Kevin Russell Vice President of Advancement 40.0 0.0 X 121678 0 12817 Audrey Kelleher Vice Pres. of Adult & Grad Mkt 40.0 0.0 X 113111 0 11218 Scott Little Vice Pres. of Student Affairs 40.0 0.0 X 107981 0 3450 Virginia Henderson CFO 40.0 0.0 X 111664 0 11500 955053 0 200536 8 false true false Richard White 605 Southern Oaks Drive FLORENCE MS 39073 Painter 115950 1 4198533 92990 4198533 Tuition & Fees 611310 50052601 50052601 Auxiliary Enterprises 611710 17322 17322 Housing Revenue 721310 3898627 3898627 53968550 320990 320990 0 0 250826 250826 0 250826 250826 1208264 738353 54755 469911 524666 524666 0 0 753350 -559278 194072 194072 Miscellaneous Revenues 900099 86465 86465 CAMP MEALS 722320 119335 119335 205800 59663437 54055015 119335 1290554 0 14073144 14073144 0 0 1155588 235760 785333 134495 0 20048647 18408413 1278232 362002 758956 737362 11696 9898 1383531 1326145 26145 31241 1436700 1274300 129315 33085 0 54247 54247 96342 96342 0 0 44662 44662 170872 164714 5651 507 1952701 1555738 396963 1882960 1483946 374716 24298 0 0 2752813 1577652 1174216 945 884675 660260 211758 12657 0 138159 113650 22898 1611 684146 578776 96694 8676 0 2540312 2149061 359036 32215 504525 504525 CONTRACT LABOR 2906330 2629085 248129 29116 Departmental Expense 1850727 1493338 348820 8569 BAD DEBT EXPENSE 532916 532916 BOOK PURCHASES 638809 638809 694596 634704 53192 6700 57186358 49734857 6755486 696015 4411798 3463995 184947 185914 2571318 166820 1874227 1592268 175917 114917 0 0 931280 995967 248456 431715 144889 169715 78245654 32851923 39328643 45393731 5676829 5782460 84867 80869 0 0 0 0 3611492 3416664 59244663 61795035 1877855 1717790 0 0 257113 318989 20316666 18916666 0 0 0 0 119268 2026216 0 0 1525744 1580396 24096646 24560057 X 20207544 24123721 10716791 8777128 4223682 4334129 35148017 37234978 59244663 61795035 X 2477079 -231297 -158821 X false true X true true true X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 152000 X X DISPLAYED IN UNIV LIBRARY false 4824162 106206 103585 106206 33397 4894350 4189398 75215 662386 75215 27622 4824162 4113731 54550 282894 234550 27227 4189398 4090220 34875 46942 34875 23431 4113731 3622583 49920 490677 51463 21497 4090220 0.00000 0.77760 0.22240 false false 360409 360409 51784461 18598553 33185908 18990461 14029637 4960824 7110323 223733 6886590 45393731 SECURITY DEPOSITS 75797 BOND ISSUANCE COSTS 285411 BENEFICIAL INTEREST IN CRT 3055456 3416664 0 OBLIGATION UNDER INTEREST RATE SWAP 93946 FUNDS HELD FOR OTHERS 20030 ANNUITIES PAYABLE 93087 ADVANCES FROM GOVERNMENT 913894 DEFERRED LEASE LIABILITY 427580 SECURITY DEPOSITS 31859 1580396 46118034 -231297 -13873384 -14104681 60222715 -559278 -559278 59663437 44031073 559278 559278 43471795 13714563 13714563 57186358 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: ($8,274) CHANGE IN SPLIT INTEREST AGREEMENT: ($150,547) SCHOLARSHIPS & FINANCIAL AID: ($13,714,563) TOTAL DIFFERENCE= ($13,873,384) Schedule D, Part XI Line 4b Cost of Goods Sold: ($559,278) Schedule D, Part XII Line 2d Cost of Goods Sold: $559,278 Schedule D, Part XII Line 4b Scholarships & Financial Aid: $13,714,563 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, 2015 were $56,427,697. true Scholarships & Grants 1873 13714563 SCHEDULE I, PART I, LINE 2 THE UNIVERSITY MAINTAINS STUDENT FINANCIAL AID RECORDS AND FOLLOWS APPROPRIATE 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 6/30/2015, 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 343218 0 0 0 0 0 42500 0 101425 0 487143 0 0 0 Daniel Fredericks Provost 157401 0 0 0 0 0 12812 0 4814 0 175027 0 0 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 104000 false true true Virginia Henderson Officer Housing Loan X 83000 6917 false true true Daniel Fredericks Officer Housing Loan X 60000 4000 false true true 114917 See Part V See Part V 1359531 Dining Services false Schedule L, Part IV, Line 1 MMI Dining Systems, LLC- Board member, Gaines P. Sturdivant, is a greater than 35% owner of MMI Dining Systemes, LLC. MMI Dining Systems, LLC was also a substantial contributor to the University during the year. X 4 92990 STOCK QUOTE false false false 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 (8,274) Change in Split Interest Agreement (150,547) Total other changes in net assets or fund balance= (158,821)