FURP.ORG / PUBLIC DATA EXPLORER

SOUTHWESTERN CHRISTIAN UNIVERSITY INC: Form 990, tax year 2014

View the entire original 990 at ProPublica ↗

Organization
SOUTHWESTERN CHRISTIAN UNIVERSITY INC (EIN 73-0599209)
Tax period
2014-07-01 to 2015-06-30
Filed
2016-05-13
IRS object ID
201601349349304700
Schema version
2014v6.0
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2016-05-13T13:09:01-05:00ReturnTs
Tax Period End2015-06-30TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN363990892PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1Capin Crouse LLPBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line11000 Texan Trail STE 125AddressLine1Txt
CityGrapevineCityNm
State AbbreviationTXStateAbbreviationCd
ZIP76051ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2014-07-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN730599209EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1Southwestern Christian UniversityBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlSOUTBusinessNameControlTxt
Phone4057897661PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line17210 NW 39th ExpresswayAddressLine1Txt
CityBethanyCityNm
State AbbreviationOKStateAbbreviationCd
ZIP73008ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonDr Reggies WenyikaPersonNm
Person TitlePresidentPersonTitleTxt
Phone4057897661PhoneNum
Signature2016-05-13SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonDavid C MojaPreparerPersonNm
PTINP00747006PTIN
Phone8173286510PhoneNum
FieldValueIRS element (for citing)
Tax2014TaxYr
Build TS2016-08-17 19:52:53ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerDr Reggies WenyikaPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line17210 NW 39th ExpresswayAddressLine1Txt
CityBethanyCityNm
State AbbreviationOKStateAbbreviationCd
ZIP73008ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$14,088,578GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website Addresswww.swcu.eduWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation1959FormationYr
Legal Domicile StateOKLegalDomicileStateCd
Activity Or MissionProviding Christ-centered liberal arts education, empowering graduates to excel.ActivityOrMissionDesc
Voting Members Governing Body33VotingMembersGoverningBodyCnt
Voting Members Independent29VotingMembersIndependentCnt
Total Employee380TotalEmployeeCnt
Total Volunteers84TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$847,405PYContributionsGrantsAmt
CY Contributions Grants$2,524,062CYContributionsGrantsAmt
PY Program Service Revenue$11,310,448PYProgramServiceRevenueAmt
CY Program Service Revenue$11,437,491CYProgramServiceRevenueAmt
PY Investment Income$29,166PYInvestmentIncomeAmt
CY Investment Income$29,465CYInvestmentIncomeAmt
PY Other Revenue$153,290PYOtherRevenueAmt
CY Other Revenue$39,971CYOtherRevenueAmt
PY Total Revenue$12,340,309PYTotalRevenueAmt
CY Total Revenue$14,030,989CYTotalRevenueAmt
PY Grants And Similar Paid$2,316,481PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$2,693,090CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$4,568,626PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$5,139,143CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$159,789CYTotalFundraisingExpenseAmt
PY Other Expenses$4,986,637PYOtherExpensesAmt
CY Other Expenses$5,318,180CYOtherExpensesAmt
PY Total Expenses$11,871,744PYTotalExpensesAmt
CY Total Expenses$13,150,413CYTotalExpensesAmt
PY Revenues Less Expenses$468,565PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$880,576CYRevenuesLessExpensesAmt
Total Assets BOY$9,729,359TotalAssetsBOYAmt
Total Assets EOY$10,979,176TotalAssetsEOYAmt
Total Liabilities BOY$4,715,350TotalLiabilitiesBOYAmt
Total Liabilities EOY$5,083,810TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$5,014,009NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$5,895,366NetAssetsOrFundBalancesEOYAmt
MissionSCU is a Christ-centered liberal arts institution equipping students for a life of learning, leadership, and service; integrating faith, learning, and living; and empowering graduates to excel and to positively impact their world for Jesus Christ.MissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
Expense$12,780,957ExpenseAmt
Grant$2,693,090GrantAmt
Revenue$11,437,491RevenueAmt
DescSouthwestern Christian University is a private, four-year Christian University offering both undergraduate and graduate programs. Undergraduate students can choose from over 30 degree options in 14 academic departments divided among four schools: the School of Graduate and Professional Studies, School of Arts and Sciences, the School of Adult and Online, and the School of Education and Sports Studies. Graduate degrees include a Master of Arts in Ministry and a Master of Arts in Theological Studies.Desc
Total Program Service Expenses$12,780,957TotalProgramServiceExpensesAmt
Described In Section501c3Yes (1)DescribedInSection501c3Ind
Schedule B RequiredYes (1)ScheduleBRequiredInd
Political Campaign Acty0PoliticalCampaignActyInd
Lobbying Activities0LobbyingActivitiesInd
Subject To Proxy Tax0SubjectToProxyTaxInd
Donor Advised Fund0DonorAdvisedFundInd
Conservation Easements0ConservationEasementsInd
Collections Of Art0CollectionsOfArtInd
Credit Counseling0CreditCounselingInd
Temp Or Permanent EndowmentsYes (1)TempOrPermanentEndowmentsInd
Report Land Building EquipmentYes (1)ReportLandBuildingEquipmentInd
Report Investments Other Sec0ReportInvestmentsOtherSecInd
Report Program Related Invst0ReportProgramRelatedInvstInd
Report Other Assets0ReportOtherAssetsInd
Report Other Liabilities0ReportOtherLiabilitiesInd
Include FIN48 FootnoteYes (1)IncludeFIN48FootnoteInd
Independent Audit Fincl StmtYes (1)IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt0ConsolidatedAuditFinclStmtInd
School OperatingYes (1)SchoolOperatingInd
Foreign Office0ForeignOfficeInd
Foreign ActivitiesYes (1)ForeignActivitiesInd
More Than5000 K To Org0MoreThan5000KToOrgInd
More Than5000 K To Individuals0MoreThan5000KToIndividualsInd
Professional Fundraising0ProfessionalFundraisingInd
Fundraising ActivitiesYes (1)FundraisingActivitiesInd
Gaming Activities0GamingActivitiesInd
Operate Hospital0OperateHospitalInd
Grants To Organizations0GrantsToOrganizationsInd
Grants To IndividualsYes (1)GrantsToIndividualsInd
Schedule J RequiredYes (1)ScheduleJRequiredInd
Tax Exempt Bonds0TaxExemptBondsInd
Engaged In Excess Benefit Trans0EngagedInExcessBenefitTransInd
PY Excess Benefit Trans0PYExcessBenefitTransInd
Loan Outstanding0LoanOutstandingInd
Grant To Related PersonYes (1)GrantToRelatedPersonInd
Business Rln With Org Mem0BusinessRlnWithOrgMemInd
Business Rln With Fam MemYes (1)BusinessRlnWithFamMemInd
Business Rln With Officer Ent0BusinessRlnWithOfficerEntInd
Deductible Non Cash ContriYes (1)DeductibleNonCashContriInd
Deductible Art Contribution0DeductibleArtContributionInd
Terminate Operations0TerminateOperationsInd
Partial Liquidation0PartialLiquidationInd
Disregarded Entity0DisregardedEntityInd
Related Entity0RelatedEntityInd
Related Organization Ctrl Ent0RelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd Org0TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp0ActivitiesConductedPrtshpInd
Schedule O RequiredYes (1)ScheduleORequiredInd
IRP Document1070IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld ComplianceYes (1)BackupWthldComplianceInd
Employee380EmployeeCnt
Employment Tax Returns FiledYes (1)EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over Limit0UnrelatedBusIncmOverLimitInd
Foreign Financial Account0ForeignFinancialAccountInd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Taxable Party Notification0TaxablePartyNotificationInd
Nondeductible Contributions0NondeductibleContributionsInd
Quid Pro Quo ContributionsYes (1)QuidProQuoContributionsInd
Quid Pro Quo Contri DisclYes (1)QuidProQuoContriDisclInd
Form8282 Property Disposed Of0Form8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft Cntrct0RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct0PayPremiumsPrsnlBnftCntrctInd
Indoor Tanning Services0IndoorTanningServicesInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members33GoverningBodyVotingMembersCnt
Independent Voting Member29IndependentVotingMemberCnt
Family Or Business RlnYes (1)FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties0DelegationOfMgmtDutiesInd
Change To Org DocumentsYes (1)ChangeToOrgDocumentsInd
Material Diversion Or Misuse0MaterialDiversionOrMisuseInd
Members Or Stockholders0MembersOrStockholdersInd
Election Of Board Members0ElectionOfBoardMembersInd
Decisions Subject To Approva0DecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (1)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (1)MinutesOfCommitteesInd
Officer Mailing Address0OfficerMailingAddressInd
Local Chapters0LocalChaptersInd
Form990 Provided To Gvrn BodyYes (1)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (1)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (1)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (1)RegularMonitoringEnfrcInd
Whistleblower PolicyYes (1)WhistleblowerPolicyInd
Document Retention PolicyYes (1)DocumentRetentionPolicyInd
Compensation Process CEOYes (1)CompensationProcessCEOInd
Compensation Process OtherYes (1)CompensationProcessOtherInd
Investment In Joint Venture0InvestmentInJointVentureInd
States Where Copy Of Return Is FldOKStatesWhereCopyOfReturnIsFldCd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1Wallace HamiltonBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone4057897661PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line17210 NW 39th ExpresswayAddressLine1Txt
CityBethanyCityNm
State AbbreviationOKStateAbbreviationCd
ZIP73008ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (35 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmt
Rita Tate
Board Chair0.50Yes (X)Yes (X)$0$0$0
Randell Drake
Secretary0.50Yes (X)Yes (X)$0$0$0
David Anderson
Regent - Board Member0.50Yes (X)$0$0$0
Rev Richard Goad
Regent - Board Member0.50Yes (X)$0$0$0
Tim Hooper
Regent - Board Member0.50Yes (X)$6,675$0$0
Jo Ann Johnson
Regent - Board Member0.50Yes (X)$0$0$0
David Light
Regent - Board Member0.50Yes (X)$0$0$0
Thomas McGhee
Regent - Board Member0.50Yes (X)$0$0$0
Greg Amos
Regent - Board Member0.50Yes (X)$2,790$0$0
Gordon Atwell
Regent - Board Member0.50Yes (X)$0$0$0
Neil Barlow
Regent - Board Member0.50Yes (X)$0$0$0
Charles Boyd
Regent - Board Member0.50Yes (X)$0$0$0
Denise Crosswhite Hader
Regent - Board Member0.50Yes (X)$0$0$0
Gary Jackson
Regent - Board Member0.50Yes (X)$0$0$0
George Kanelopoulos
Regent - Board Member0.50Yes (X)$2,205$0$0
Bob Mills
Regent - Board Member0.50Yes (X)$0$0$0
David Moore
Regent - Board Member0.50Yes (X)$0$0$0
Jerry C Morris
Regent - Board Member0.50Yes (X)$0$0$0
Mark Muse
Regent - Board Member0.50Yes (X)$0$0$0
Manuel Pate
Regent - Board Member0.50Yes (X)$0$0$0
Jack Peck
Regent - Board Member0.50Yes (X)$0$0$0
Brenda Phillips
Regent - Board Member0.50Yes (X)$0$0$0
Gary Shockley
Regent - Board Member0.50Yes (X)$0$0$0
Evelyn Springer
Regent - Board Member0.50Yes (X)$0$0$0
Ricky Walter
Regent - Board Member0.50Yes (X)$0$0$0
Norman Wilkie
Regent - Board Member0.50Yes (X)$0$0$0
Dr Ed White
Regent - Board Member0.50Yes (X)$0$0$0
David Avila
Regent - Board Member0.50Yes (X)$0$0$0
Larry Herrera
Regent - Board Member0.50Yes (X)$0$0$0
Keenan Darnell
Regent - Board Member0.50Yes (X)$0$0$0
Jerry Jones
Regent - Board Member0.50Yes (X)$0$0$0
Stuart Sherrill
Regent - Board Member0.50Yes (X)$0$0$0
John Youell Jr
Regent - Board Member0.50Yes (X)$0$0$0
Dr Reggies Wenyika
President40.00Yes (X)$94,640$0$54,544
Wallace Hamilton
VP-Fiscal Affairs40.00Yes (X)$94,892$0$1,052
FieldValueIRS element (for citing)
Total Reportable Comp From Org$201,202TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$55,596TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K0IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed0FormerOfcrEmployeesListedInd
Total Comp Greater Than150 KYes (1)TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp (4 entries)

Address Line1ContractorAddress/USAddress/AddressLine1TxtCityContractorAddress/USAddress/CityNmState AbbreviationContractorAddress/USAddress/StateAbbreviationCdZIPContractorAddress/USAddress/ZIPCdServicesServicesDescCompensationCompensationAmt
Comcourse Inc
1101 Pacific Ave Ste 250Santa CruzCA95060Online education support$1,794,172
Pioneer College Caterers Inc
12351 W 96th Terrace Ste 204-WLenexaKS66215Food service$502,403
Western Construction
711 E WadeEl RenoOK73036Construction$121,502
L Wallace Construction Co
14220 S Meridian AveOklahoma CityOK73173Construction$107,312
FieldValueIRS element (for citing)
Cntrct Rcvd Greater Than100 K4CntrctRcvdGreaterThan100KCnt
Fundraising$233,121FundraisingAmt
Government Grants$77,073GovernmentGrantsAmt
All Other Contributions$2,213,868AllOtherContributionsAmt
Noncash Contributions$1,707,571NoncashContributionsAmt
Total Contributions$2,524,062TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp (3 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmtRelated Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt
Tuition & Fees611310$10,177,459$10,177,459
Auxiliary Enterprises900099$1,211,094$1,211,094
Other program service900009$48,938$48,938
FieldValueIRS element (for citing)
Total Program Service Revenue$11,437,491TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$35,180TotalRevenueColumnAmt
Exclusion$35,180ExclusionAmt

Royalties Revenue RoyaltiesRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$50,106TotalRevenueColumnAmt
Exclusion$50,106ExclusionAmt

Gross Rents GrossRentsGrp

FieldValueIRS element (for citing)
Real$10,152RealAmt

Less Rental Expenses LessRentalExpensesGrp

FieldValueIRS element (for citing)
Real$11,395RealAmt

Rental Income Or Loss RentalIncomeOrLossGrp

FieldValueIRS element (for citing)
Real-$1,243RealAmt

Net Rental Income Or Loss NetRentalIncomeOrLossGrp

FieldValueIRS element (for citing)
Total Revenue Column-$1,243TotalRevenueColumnAmt
Exclusion-$1,243ExclusionAmt

Gross Amount Sales Assets GrossAmountSalesAssetsGrp

FieldValueIRS element (for citing)
Securities$25,956SecuritiesAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

FieldValueIRS element (for citing)
Securities$31,671SecuritiesAmt

Gain Or Loss GainOrLossGrp

FieldValueIRS element (for citing)
Securities-$5,715SecuritiesAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

FieldValueIRS element (for citing)
Total Revenue Column-$5,715TotalRevenueColumnAmt
Exclusion-$5,715ExclusionAmt
FieldValueIRS element (for citing)
Fundraising Gross Income$5,631FundraisingGrossIncomeAmt
Contri Rpt Fundraising Event$233,121ContriRptFundraisingEventAmt
Fundraising Direct Expenses$14,523FundraisingDirectExpensesAmt

Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp

FieldValueIRS element (for citing)
Total Revenue Column-$8,892TotalRevenueColumnAmt
Exclusion-$8,892ExclusionAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$14,030,989TotalRevenueColumnAmt
Related Or Exempt Func Income$11,437,491RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$69,436ExclusionAmt
FieldValueIRS element (for citing)
Info In Schedule O Part IXYes (X)InfoInScheduleOPartIXInd

Grants To Domestic Individuals GrantsToDomesticIndividualsGrp

FieldValueIRS element (for citing)
Total$2,693,090TotalAmt
Program Services$2,693,090ProgramServicesAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$329,675TotalAmt
Program Services$329,675ProgramServicesAmt

Comp Disqual Persons CompDisqualPersonsGrp

FieldValueIRS element (for citing)
Total$35,273TotalAmt
Program Services$35,273ProgramServicesAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$3,803,515TotalAmt
Program Services$3,727,590ProgramServicesAmt
Fundraising$75,925FundraisingAmt

Pension Plan Contributions PensionPlanContributionsGrp

FieldValueIRS element (for citing)
Total$82,294TotalAmt
Program Services$80,016ProgramServicesAmt
Fundraising$2,278FundraisingAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$610,261TotalAmt
Program Services$603,789ProgramServicesAmt
Fundraising$6,472FundraisingAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$278,125TotalAmt
Program Services$272,317ProgramServicesAmt
Fundraising$5,808FundraisingAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$11,831TotalAmt
Management And General$11,831ManagementAndGeneralAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$37,402TotalAmt
Management And General$37,402ManagementAndGeneralAmt

Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp

FieldValueIRS element (for citing)
Total$5,372TotalAmt
Management And General$5,372ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$2,482,149TotalAmt
Program Services$2,482,149ProgramServicesAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$42,814TotalAmt
Program Services$42,814ProgramServicesAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$57,953TotalAmt
Program Services$48,521ProgramServicesAmt
Fundraising$9,432FundraisingAmt

Information Technology InformationTechnologyGrp

FieldValueIRS element (for citing)
Total$76,950TotalAmt
Program Services$76,950ProgramServicesAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$440,215TotalAmt
Program Services$440,215ProgramServicesAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$35,673TotalAmt
Program Services$31,832ProgramServicesAmt
Fundraising$3,841FundraisingAmt

Conferences Meetings ConferencesMeetingsGrp

FieldValueIRS element (for citing)
Total$26,444TotalAmt
Program Services$26,361ProgramServicesAmt
Fundraising$83FundraisingAmt

Interest InterestGrp

FieldValueIRS element (for citing)
Total$155,062TotalAmt
Management And General$155,062ManagementAndGeneralAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$262,761TotalAmt
Program Services$262,761ProgramServicesAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$78,335TotalAmt
Program Services$78,335ProgramServicesAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmtFundraisingFundraisingAmt
Athletics$481,763$481,763
Institutional Support$385,598$329,648$55,950
Instruction$181,306$181,306
Student Services$177,467$177,467

All Other Expenses AllOtherExpensesGrp

FieldValueIRS element (for citing)
Total$379,085TotalAmt
Program Services$379,085ProgramServicesAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$13,150,413TotalAmt
Program Services$12,780,957ProgramServicesAmt
Management And General$209,667ManagementAndGeneralAmt
Fundraising$159,789FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$164,527BOYAmt
EOY$121,215EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$717,264BOYAmt
EOY$472,613EOYAmt

Pledges And Grants Receivable PledgesAndGrantsReceivableGrp

FieldValueIRS element (for citing)
BOY$275,258BOYAmt
EOY$1,907,394EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$280,834BOYAmt
EOY$158,457EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$2,069BOYAmt
EOY$2,379EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$10,049,839LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$2,594,364LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$7,411,125BOYAmt
EOY$7,455,475EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

FieldValueIRS element (for citing)
BOY$502,582BOYAmt
EOY$477,682EOYAmt

Investments Other Securities InvestmentsOtherSecuritiesGrp

FieldValueIRS element (for citing)
BOY$375,700BOYAmt
EOY$383,961EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$9,729,359BOYAmt
EOY$10,979,176EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$206,385BOYAmt
EOY$294,218EOYAmt

Deferred Revenue DeferredRevenueGrp

FieldValueIRS element (for citing)
BOY$45,318BOYAmt
EOY$61,764EOYAmt

Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp

FieldValueIRS element (for citing)
BOY$4,463,647BOYAmt
EOY$4,727,828EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$4,715,350BOYAmt
EOY$5,083,810EOYAmt
FieldValueIRS element (for citing)
Organization Follows SFAS117Yes (X)OrganizationFollowsSFAS117Ind

Unrestricted Net Assets UnrestrictedNetAssetsGrp

FieldValueIRS element (for citing)
BOY$3,763,841BOYAmt
EOY$3,014,973EOYAmt

Temporarily Rstr Net Assets TemporarilyRstrNetAssetsGrp

FieldValueIRS element (for citing)
BOY$312,828BOYAmt
EOY$1,919,902EOYAmt

Permanently Rstr Net Assets PermanentlyRstrNetAssetsGrp

FieldValueIRS element (for citing)
BOY$937,340BOYAmt
EOY$960,491EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$5,014,009BOYAmt
EOY$5,895,366EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$9,729,359BOYAmt
EOY$10,979,176EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss$880,576ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst$781NetUnrlzdGainsLossesInvstAmt
Other Changes In Net Assets$0OtherChangesInNetAssetsAmt
Info In Schedule O Part XIIYes (X)InfoInScheduleOPartXIIInd
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or Review0AccountantCompileOrReviewInd
FS AuditedYes (1)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Separate Basis Fincl StmtYes (X)SeparateBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit CommitteeYes (1)AuditCommitteeInd
Federal Grant Audit RequiredYes (1)FederalGrantAuditRequiredInd
Federal Grant Audit PerformedYes (1)FederalGrantAuditPerformedInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
SchoolYes (X)SchoolInd

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
ContributorRESTRICTEDContributorNum

Contributor Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Total ContributionsRESTRICTEDTotalContributionsAmt

Schedule D IRS990ScheduleD

CY Endwmt Fund CYEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$951,193BeginningYearBalanceAmt
Contributions$23,151ContributionsAmt
Investment Earnings Or Losses$9,160InvestmentEarningsOrLossesAmt
Grants Or Scholarships$7,172GrantsOrScholarshipsAmt
End Year Balance$976,332EndYearBalanceAmt

CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$902,593BeginningYearBalanceAmt
Contributions$7,705ContributionsAmt
Investment Earnings Or Losses$48,320InvestmentEarningsOrLossesAmt
Administrative Expenses$7,425AdministrativeExpensesAmt
End Year Balance$951,193EndYearBalanceAmt

CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$869,627BeginningYearBalanceAmt
Investment Earnings Or Losses$45,903InvestmentEarningsOrLossesAmt
Grants Or Scholarships$12,937GrantsOrScholarshipsAmt
End Year Balance$902,593EndYearBalanceAmt

CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$857,615BeginningYearBalanceAmt
Contributions$15,050ContributionsAmt
Investment Earnings Or Losses$9,647InvestmentEarningsOrLossesAmt
Grants Or Scholarships$12,685GrantsOrScholarshipsAmt
End Year Balance$869,627EndYearBalanceAmt
FieldValueIRS element (for citing)
Board Designated Balance EOY0.00000BoardDesignatedBalanceEOYPct
Prmnnt Endowment Balance EOY0.97810PrmnntEndowmentBalanceEOYPct
Term Endowment Balance EOY0.02190TermEndowmentBalanceEOYPct
Endowments Held Unrelated Org0EndowmentsHeldUnrelatedOrgInd
Endowments Held Related OrgYes (1)EndowmentsHeldRelatedOrgInd
Related Org List Sch RYes (1)RelatedOrgListSchRInd

Land LandGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$336,903OtherCostOrOtherBasisAmt
Book Value$336,903BookValueAmt

Buildings BuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$8,303,374OtherCostOrOtherBasisAmt
Depreciation$1,599,366DepreciationAmt
Book Value$6,704,008BookValueAmt

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$1,083,850OtherCostOrOtherBasisAmt
Depreciation$680,496DepreciationAmt
Book Value$403,354BookValueAmt

Other Land Buildings OtherLandBuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$325,712OtherCostOrOtherBasisAmt
Depreciation$314,502DepreciationAmt
Book Value$11,210BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$7,455,475TotalBookValueLandBuildingsAmt
Footnote TextYes (X)FootnoteTextInd
Total Rev Etc Audited Fincl Stmt$9,181,677TotalRevEtcAuditedFinclStmtAmt
Net Unrealized Gains Invst$781NetUnrealizedGainsInvstAmt
Other Revenue$25,918OtherRevenueAmt
Revenue Not Reported$26,699RevenueNotReportedAmt
Revenue Subtotal$9,154,978RevenueSubtotalAmt
Investment Expenses Not Incld$5,372InvestmentExpensesNotIncldAmt
Other Revenues Not Included$4,870,639OtherRevenuesNotIncludedAmt
Revenue Not Reported Fincl Stmt$4,876,011RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990$14,030,989TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$8,300,320TotExpnsEtcAuditedFinclStmtAmt
Other Expenses Included$25,918OtherExpensesIncludedAmt
Expenses Not Reported$25,918ExpensesNotReportedAmt
Expenses Subtotal$8,274,402ExpensesSubtotalAmt
Investment Expenses Not Incld2$5,372InvestmentExpensesNotIncld2Amt
Other Expenses Not Included$4,870,639OtherExpensesNotIncludedAmt
Expenses Not Rpt Fincl Stmt$4,876,011ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990$13,150,413TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail (6 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
Part V, Line 4:Income from endowment funds is used to provide scholarships for students.
Part X, Line 2:The financial statement effects of a tax position taken or expected to be taken are recognized in the 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 statement of activities. As of June 30, 2015 and 2014, the University had no uncertain tax positions that qualify for recognition or disclosure in the financial statements.
Part XI, Line 2d - Other Adjustments:Rental expense 11,395. Special event expense 14,523.
Part XI, Line 4b - Other Adjustments:Grants & Financial Aid to Students 2,851,764. Revenue sharing with online course provider 2,018,875.
Part XII, Line 2d - Other Adjustments:Rental expense 11,395. Special event expense 14,523.
Part XII, Line 4b - Other Adjustments:Grants & Financial Aid to Students 2,851,764. Revenue sharing with online course provider 2,018,875.

Schedule E IRS990ScheduleE

FieldValueIRS element (for citing)
Nondiscriminatory Policy StmtYes (1)NondiscriminatoryPolicyStmtInd
Policy Stmt In Brochures EtcYes (1)PolicyStmtInBrochuresEtcInd
Plcy Pblczd Via Broadcast MediaYes (1)PlcyPblczdViaBroadcastMediaInd
Maintain Racial Comp RecsYes (1)MaintainRacialCompRecsInd
Maintain Scholarships RecsYes (1)MaintainScholarshipsRecsInd
Maintain Cpy Of Brochures EtcYes (1)MaintainCpyOfBrochuresEtcInd
Maintain Cpy Of All SolYes (1)MaintainCpyOfAllSolInd
Discriminate Race Stdnts Rghts0DiscriminateRaceStdntsRghtsInd
Discriminate Race Admiss Plcy0DiscriminateRaceAdmissPlcyInd
Discriminate Race Emplm Fculty0DiscriminateRaceEmplmFcultyInd
Discriminate Race Schs0DiscriminateRaceSchsInd
Discriminate Race Educ Plcy0DiscriminateRaceEducPlcyInd
Discriminate Race Use Of Fclts0DiscriminateRaceUseOfFcltsInd
Discriminate Race Athlt Prog0DiscriminateRaceAthltProgInd
Discriminate Race Other Acty0DiscriminateRaceOtherActyInd
Government Financial Aid RcvdYes (1)GovernmentFinancialAidRcvdInd
Government Financial Aid Rvkd0GovernmentFinancialAidRvkdInd
Compliance With Rev Proc7550Yes (1)ComplianceWithRevProc7550Ind

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
Schedule E, Part I, Line 3The University publicizes this policy in local newspapers and on the University's website. In addition, admissions counselors utilize promotion and recruiting procedures designed to inform and attract students from all racial segments within their recruiting territories.
Schedule E, Part I, Line 6The university receives funds from the U.S. Department of Education for the following awards: Federal Direct Student Loan Program, Federal Pell Grants, Federal Supplemental Educational Opportunity Grant Program, and the Federal Work-Study Program.

Schedule F IRS990ScheduleF

Account Activities Outside US AccountActivitiesOutsideUSGrp

FieldValueIRS element (for citing)
RegionSouth America - Argentina, Bolivia, Brazil, Chile, Columbia, Ecuador,RegionTxt
Offices0OfficesCnt
Employee0EmployeeCnt
Type Of Activities ConductedProgram servicesTypeOfActivitiesConductedTxt
Specific Services ProvidedStudent mission tripsSpecificServicesProvidedTxt
Region Total Expenditures$36,420RegionTotalExpendituresAmt
FieldValueIRS element (for citing)
Subtotal Offices0SubtotalOfficesCnt
Subtotal Employees0SubtotalEmployeesCnt
Continutation Total Office0ContinutationTotalOfficeCnt
Continutation Total Employee0ContinutationTotalEmployeeCnt
Total Office0TotalOfficeCnt
Total Employee0TotalEmployeeCnt
Subtotal Spent$36,420SubtotalSpentAmt
Continuation Spent$0ContinuationSpentAmt
Total Spent$36,420TotalSpentAmt
Transfer To Foreign Corp0TransferToForeignCorpInd
Interest In Foreign Trust0InterestInForeignTrustInd
Foreign Corp Ownership0ForeignCorpOwnershipInd
Passive Foreign Investmest Co0PassiveForeignInvestmestCoInd
Foreign Partnership0ForeignPartnershipInd
Boycott Countries0BoycottCountriesInd

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePart I, line 3:FormAndLineReferenceDesc
ExplanationForeign expenditures are accounted for according to the accrual basis of accounting using receipts, expense reports, and other appropriate documentation.ExplanationTxt

Schedule G IRS990ScheduleG

Fundraising Event Information FundraisingEventInformationGrp

FieldValueIRS element (for citing)
Event1Business Leaders Network DinnerEvent1Nm
Gross Receipts Event1$208,100GrossReceiptsEvent1Amt
Charitable Contri Event1$208,100CharitableContriEvent1Amt
Non Cash Prizes Event1$206NonCashPrizesEvent1Amt
Food And Beverage Event1$2,454FoodAndBeverageEvent1Amt
Entertainment Event1$1,000EntertainmentEvent1Amt
Other Direct Expenses Event1$190OtherDirectExpensesEvent1Amt
Event2Feast of IngatheringEvent2Nm
Gross Receipts Event2$25,021GrossReceiptsEvent2Amt
Charitable Contri Event2$25,021CharitableContriEvent2Amt
Non Cash Prizes Event2$284NonCashPrizesEvent2Amt
Food And Beverage Event2$3,125FoodAndBeverageEvent2Amt
Other Direct Expenses Event2$2,586OtherDirectExpensesEvent2Amt
Other Events Total1OtherEventsTotalCnt
Gross Receipts Other Events$5,631GrossReceiptsOtherEventsAmt
Gross Revenue Other Events$5,631GrossRevenueOtherEventsAmt
Cash Prizes Other Events$1,200CashPrizesOtherEventsAmt
Rent Fclty Costs Other Events$2,774RentFcltyCostsOtherEventsAmt
Food And Beverage Other Events$704FoodAndBeverageOtherEventsAmt
Gross Receipts Total$238,752GrossReceiptsTotalAmt
Charitable Contributions Tot$233,121CharitableContributionsTotAmt
Gross Revenue Total Events$5,631GrossRevenueTotalEventsAmt
Cash Prizes Total Events$1,200CashPrizesTotalEventsAmt
Non Cash Prizes Total Events$490NonCashPrizesTotalEventsAmt
Rent Fclty Costs Total Events$2,774RentFcltyCostsTotalEventsAmt
Food And Beverage Total Events$6,283FoodAndBeverageTotalEventsAmt
Entertainment Total Events$1,000EntertainmentTotalEventsAmt
Oth Direct Expnss Total Events$2,776OthDirectExpnssTotalEventsAmt
Direct Expense Summary Events$14,523DirectExpenseSummaryEventsAmt
Net Income Summary-$8,892NetIncomeSummaryAmt

Schedule I IRS990ScheduleI

FieldValueIRS element (for citing)
Grant Records MaintainedYes (1)GrantRecordsMaintainedInd

Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp

FieldValueIRS element (for citing)
Grant TypeScholarshipsGrantTypeTxt
Recipient196RecipientCnt
Cash Grant$2,693,090CashGrantAmt

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePart I, Line 2:FormAndLineReferenceDesc
ExplanationCriteria is established for the awarding of individual scholarships. Students must complete an application and scholarships are awarded after all external scholarships and grants have been applied, not to exceed the cost of attendance.ExplanationTxt

Schedule J IRS990ScheduleJ

FieldValueIRS element (for citing)
Housing Allowance Or ResidenceYes (X)HousingAllowanceOrResidenceInd
Written Policy Ref T And E ExpnssYes (1)WrittenPolicyRefTAndEExpnssInd
Substantiation Required0SubstantiationRequiredInd
Compensation SurveyYes (X)CompensationSurveyInd
Board Or Committee ApprovalYes (X)BoardOrCommitteeApprovalInd
Severance Payment0SeverancePaymentInd
Supplemental Nonqual Rtr Plan0SupplementalNonqualRtrPlanInd
Equity Based Comp Arrngm0EquityBasedCompArrngmInd
Comp Based On Revenue Of Flng Org0CompBasedOnRevenueOfFlngOrgInd
Comp Bsd On Rev Related Orgs0CompBsdOnRevRelatedOrgsInd
Comp Bsd Net Earns Flng Org0CompBsdNetEarnsFlngOrgInd
Comp Bsd Net Earns Rltd Orgs0CompBsdNetEarnsRltdOrgsInd
Any Non Fixed Payments0AnyNonFixedPaymentsInd
Initial Contract Exception0InitialContractExceptionInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp

FieldValueIRS element (for citing)
PersonDr Reggies WenyikaPersonNm
TitlePresidentTitleTxt
Base Compensation Filing Org$94,140BaseCompensationFilingOrgAmt
Compensation Based On Rltd Orgs$0CompensationBasedOnRltdOrgsAmt
Bonus Filing Organization$500BonusFilingOrganizationAmount
Bonus Related Organizations$0BonusRelatedOrganizationsAmt
Other Compensation Filing Org$0OtherCompensationFilingOrgAmt
Other Compensation Rltd Orgs$0OtherCompensationRltdOrgsAmt
Deferred Compensation Flng Org$9,600DeferredCompensationFlngOrgAmt
Deferred Comp Rltd Orgs$0DeferredCompRltdOrgsAmt
Nontaxable Benefits Filing Org$56,490NontaxableBenefitsFilingOrgAmt
Nontaxable Benefits Rltd Orgs$0NontaxableBenefitsRltdOrgsAmt
Total Compensation Filing Org$160,730TotalCompensationFilingOrgAmt
Total Compensation Rltd Orgs$0TotalCompensationRltdOrgsAmt
Comp Report Prior990 Filing Org$0CompReportPrior990FilingOrgAmt
Comp Report Prior990 Rltd Orgs$0CompReportPrior990RltdOrgsAmt

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePart I, Line 1aFormAndLineReferenceDesc
ExplanationAs a minister of the Gospel, President Dr. Wenyika received a minister's housing allowance. This was appropriately treated as a nontaxable benefit included in Other Compensation.ExplanationTxt

Schedule L IRS990ScheduleL

Grnt Asst Bnft Interested Prsn GrntAsstBnftInterestedPrsnGrp

FieldValueIRS element (for citing)
PersonVariousPersonNm
Cash Grant$8,000CashGrantAmt
Type Of AssistanceTuition DiscountTypeOfAssistanceTxt

Bus Tr Involve Interested Prsn BusTrInvolveInterestedPrsnGrp (2 entries)

Relationship DescriptionRelationshipDescriptionTxtTransactionTransactionAmtTransactionTransactionDescSharing Of RevenuesSharingOfRevenuesInd
Wallace Hamilton
Family member of board member George Kanelopoulos$110,400Employee compensation0
Zachary Sherrill
Family member of board member Stuart Sherrill$29,319Employee compensation0

Schedule M IRS990ScheduleM

Securities Publicly Traded SecuritiesPubliclyTradedGrp

FieldValueIRS element (for citing)
Non Cash CheckboxYes (X)NonCashCheckboxInd
Contribution1ContributionCnt
Noncash Contributions Rpt F990$7,571NoncashContributionsRptF990Amt
Method Of Determining RevenuesFMVMethodOfDeterminingRevenuesTxt

Real Estate Commercial RealEstateCommercialGrp

FieldValueIRS element (for citing)
Non Cash CheckboxYes (X)NonCashCheckboxInd
Contribution1ContributionCnt
Noncash Contributions Rpt F990$1,700,000NoncashContributionsRptF990Amt
Method Of Determining RevenuesAppraisalMethodOfDeterminingRevenuesTxt
FieldValueIRS element (for citing)
Form8283 Received0Form8283ReceivedCnt
Any Property That Must Be Held0AnyPropertyThatMustBeHeldInd
Review Process Unusual NC GiftsYes (1)ReviewProcessUnusualNCGiftsInd
Third Parties Used0ThirdPartiesUsedInd

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePart I, Column (b):FormAndLineReferenceDesc
ExplanationThe number of contributions represents the number of unique contributions received.ExplanationTxt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (9 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
Form 990, Part VI, line 1a Executive Committee-The Executive Committee shall have and exercise all of the authority of the Board of Regents in the management of the affairs of the Corporation, except for action taken of the full Board of Regents as required by statute, the Amended and Restated Articles of Incorporation, or the Bylaws, shall have power to authorize the seal of the Corporation to be affixed to all papers which may require it. Provided, however, the Executive Committee shall act only in the interval between meetings of the Board or whenever it is impractical to call a meeting of the Board, and shall at all times be subject to the control and direction of the Board. -It shall have the power to revise the annual budget during the fiscal year, if warranted, based upon recommendations from the Business and Finance Committee for necessary adjustments. It shall receive salary recommendations from the Business and Finance Committee for necessary adjustments. -It shall transact any special business committed to it by the Board of Regents. -It shall coordinate the work of, and have general supervisory authority over all other board committees. -It shall be an advisory council, in addition to its policy functions, for the President of the University. -It shall have the authority to conduct examinations or investigations as it deems proper and based upon such, take action except in cases where the full Board of Regents is warranted. -It shall not take any action inconsistent with a prior act of the Board of Regents, award degrees, amend Bylaws, locate permanent buildings on property held for University purposes, remove or appoint the President of the University, or take any action which has been reserved by the Board. -It shall meet prior to the annual Board of Regents meeting and at least three other times during the year. Time, place, and notice (if any) of Executive Committee meetings shall be determined by the Executive Committee. -It shall constitute a quorum when a majority of the number of members of the Executive for the transaction of all business. A vote of a majority of a quorum shall constitute the act of the Executive Committee. The Executive Committee shall keep regular minutes of its proceedings and report the same to the Board of Regents. Any action which might be taken at a meeting of the Executive Committee may be taken without a meeting if a record or memorandum thereof be made in writing and signed by all the members of the Executive Committee. The signed record or memorandum, or a signed copy, shall be placed in the Minute Book of the Corporation. - It shall be granted by the Board of Regents sole authority to act as the court of last appeal in all faculty contractual matters. The Executive Committee's decision shall be binding on the full Board of Regents. -It shall furnish, through its Secretary, a copy of the minutes of its meetings to each member of the Board within thirty (30) days. -It shall review and recommend to the Board of Regents the compensation of the University President.
Form 990, Part VI, Section A, line 2Rita Tate, Board Chair, has a family relationship with David Light, Board Member. Wallace Hamilton, VP of Fiscal Affairs, has a family relationship with George Kanelopoulos, Board Member.
Form 990, Part VI, Section A, line 4During the tax year, the university made several changes to its governing documents. Some of the more significant changes include: -The President of the university no longer has voting rights on the Board of Regents. -The term for officers of the board is now 2 years. -The duties of the nominating committee have been clarified as pertaining to vetting potential board members and presentation to the Board of Regents for voting. -The International Pentecostal Holiness Church no longer appoints a majority of members to the Board of Regents.
Form 990, Part VI, Section B, line 11The Form 990 is prepared by an independent CPA firm and is first reviewed by the Finance Team. The 990 is then made available to the Audit Committee and all board members prior to being submitted to the IRS.
Form 990, Part VI, Section B, line 12cOfficers, trustees, key employees and all employees with budgetary responsibility are required to submit conflict of interest disclosures annually. These forms are reviewed by management as well as the Audit Committee. Any conflicts or potential conflicts are resolved by the Audit Committee and the Board of Regents. All interested parties are required to recuse themselves from board deliberations and any subsequent vote.
Form 990, Part VI, Section B, line 15The University participates in annual compensation studies of various higher education associations and uses the studies to review appropriateness of officer and key employee salaries. The President has an annual review by the Board of Trustees that includes a performance review and comparison to average salaries and benefits of similar institutions. The deliberations and decisions regarding executive compensation are documented in the board minutes.
Form 990, Part VI, Section C, line 19The university makes its governing documents, conflict of interest policy, and financial statements available upon request.
Form 990, Part IX, line 11gOnline course support: Program service expenses 1,847,156. Management and general expenses 0. Fundraising expenses 0. Total expenses 1,847,156. Food services: Program service expenses 484,359. Management and general expenses 0. Fundraising expenses 0. Total expenses 484,359. Other contract labor: Program service expenses 150,634. Management and general expenses 0. Fundraising expenses 0. Total expenses 150,634.
Form 990, Part XII, Line 2c - Explanation of ResponsibilityThe organization has a committee that assumes responsibility for oversight of audit of its financial statements and selection of an independent accountant. This process has not changed since the prior year.