2016-05-13T13:09:01-05:00 2015-06-30 363990892 Capin Crouse LLP 1000 Texan Trail STE 125 Grapevine TX 76051 990 2014-07-01 730599209 Southwestern Christian University SOUT 4057897661 7210 NW 39th Expressway Bethany OK 73008 Dr Reggies Wenyika President 4057897661 2016-05-13 1 David C Moja P00747006 8173286510 2014 2016-08-17 19:52:53Z Dr Reggies Wenyika 7210 NW 39th Expressway Bethany OK 73008 14088578 0 X www.swcu.edu X 1959 OK Providing Christ-centered liberal arts education, empowering graduates to excel. 33 29 380 84 0 0 847405 2524062 11310448 11437491 29166 29465 153290 39971 12340309 14030989 2316481 2693090 0 0 4568626 5139143 0 0 159789 4986637 5318180 11871744 13150413 468565 880576 9729359 10979176 4715350 5083810 5014009 5895366 SCU 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. 0 0 12780957 2693090 11437491 Southwestern 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. 12780957 1 1 0 0 0 0 0 0 0 1 1 0 0 0 0 1 1 0 1 0 1 0 0 0 1 0 0 0 1 1 0 0 0 0 1 0 1 0 1 0 0 0 0 0 0 0 0 1 1070 0 1 380 1 0 0 0 0 0 1 1 0 0 0 0 X 33 29 1 0 1 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 OK X Wallace Hamilton 4057897661 7210 NW 39th Expressway Bethany OK 73008 Rita Tate Board Chair 0.50 X X 0 0 0 Randell Drake Secretary 0.50 X X 0 0 0 David Anderson Regent - Board Member 0.50 X 0 0 0 Rev Richard Goad Regent - Board Member 0.50 X 0 0 0 Tim Hooper Regent - Board Member 0.50 X 6675 0 0 Jo Ann Johnson Regent - Board Member 0.50 X 0 0 0 David Light Regent - Board Member 0.50 X 0 0 0 Thomas McGhee Regent - Board Member 0.50 X 0 0 0 Greg Amos Regent - Board Member 0.50 X 2790 0 0 Gordon Atwell Regent - Board Member 0.50 X 0 0 0 Neil Barlow Regent - Board Member 0.50 X 0 0 0 Charles Boyd Regent - Board Member 0.50 X 0 0 0 Denise Crosswhite Hader Regent - Board Member 0.50 X 0 0 0 Gary Jackson Regent - Board Member 0.50 X 0 0 0 George Kanelopoulos Regent - Board Member 0.50 X 2205 0 0 Bob Mills Regent - Board Member 0.50 X 0 0 0 David Moore Regent - Board Member 0.50 X 0 0 0 Jerry C Morris Regent - Board Member 0.50 X 0 0 0 Mark Muse Regent - Board Member 0.50 X 0 0 0 Manuel Pate Regent - Board Member 0.50 X 0 0 0 Jack Peck Regent - Board Member 0.50 X 0 0 0 Brenda Phillips Regent - Board Member 0.50 X 0 0 0 Gary Shockley Regent - Board Member 0.50 X 0 0 0 Evelyn Springer Regent - Board Member 0.50 X 0 0 0 Ricky Walter Regent - Board Member 0.50 X 0 0 0 Norman Wilkie Regent - Board Member 0.50 X 0 0 0 Dr Ed White Regent - Board Member 0.50 X 0 0 0 David Avila Regent - Board Member 0.50 X 0 0 0 Larry Herrera Regent - Board Member 0.50 X 0 0 0 Keenan Darnell Regent - Board Member 0.50 X 0 0 0 Jerry Jones Regent - Board Member 0.50 X 0 0 0 Stuart Sherrill Regent - Board Member 0.50 X 0 0 0 John Youell Jr Regent - Board Member 0.50 X 0 0 0 Dr Reggies Wenyika President 40.00 X 94640 0 54544 Wallace Hamilton VP-Fiscal Affairs 40.00 X 94892 0 1052 201202 0 55596 0 0 1 0 Comcourse Inc 1101 Pacific Ave Ste 250 Santa Cruz CA 95060 Online education support 1794172 Pioneer College Caterers Inc 12351 W 96th Terrace Ste 204-W Lenexa KS 66215 Food service 502403 Western Construction 711 E Wade El Reno OK 73036 Construction 121502 L Wallace Construction Co 14220 S Meridian Ave Oklahoma City OK 73173 Construction 107312 4 233121 77073 2213868 1707571 2524062 Tuition & Fees 611310 10177459 10177459 Auxiliary Enterprises 900099 1211094 1211094 Other program service 900009 48938 48938 11437491 35180 35180 50106 50106 10152 11395 -1243 -1243 -1243 25956 31671 -5715 -5715 -5715 5631 233121 14523 -8892 -8892 14030989 11437491 0 69436 X 2693090 2693090 329675 329675 35273 35273 3803515 3727590 75925 82294 80016 2278 610261 603789 6472 278125 272317 5808 11831 11831 37402 37402 5372 5372 2482149 2482149 42814 42814 57953 48521 9432 76950 76950 440215 440215 35673 31832 3841 26444 26361 83 155062 155062 262761 262761 78335 78335 Athletics 481763 481763 Institutional Support 385598 329648 55950 Instruction 181306 181306 Student Services 177467 177467 379085 379085 13150413 12780957 209667 159789 164527 121215 717264 472613 275258 1907394 280834 158457 2069 2379 10049839 2594364 7411125 7455475 502582 477682 375700 383961 9729359 10979176 206385 294218 45318 61764 4463647 4727828 4715350 5083810 X 3763841 3014973 312828 1919902 937340 960491 5014009 5895366 9729359 10979176 880576 781 0 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 951193 23151 9160 7172 976332 902593 7705 48320 7425 951193 869627 45903 12937 902593 857615 15050 9647 12685 869627 0.00000 0.97810 0.02190 0 1 1 336903 336903 8303374 1599366 6704008 1083850 680496 403354 325712 314502 11210 7455475 X 9181677 781 25918 26699 9154978 5372 4870639 4876011 14030989 8300320 25918 25918 8274402 5372 4870639 4876011 13150413 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. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 Schedule E, Part I, Line 3 The 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 6 The 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. South America - Argentina, Bolivia, Brazil, Chile, Columbia, Ecuador, 0 0 Program services Student mission trips 36420 0 0 0 0 0 0 36420 0 36420 0 0 0 0 0 0 Part I, line 3: Foreign expenditures are accounted for according to the accrual basis of accounting using receipts, expense reports, and other appropriate documentation. Business Leaders Network Dinner 208100 208100 206 2454 1000 190 Feast of Ingathering 25021 25021 284 3125 2586 1 5631 5631 1200 2774 704 238752 233121 5631 1200 490 2774 6283 1000 2776 14523 -8892 1 Scholarships 196 2693090 Part I, Line 2: Criteria 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. X 1 0 X X 0 0 0 0 0 0 0 0 0 Dr Reggies Wenyika President 94140 0 500 0 0 0 9600 0 56490 0 160730 0 0 0 Part I, Line 1a As 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. Various 8000 Tuition Discount Wallace Hamilton Family member of board member George Kanelopoulos 110400 Employee compensation 0 Zachary Sherrill Family member of board member Stuart Sherrill 29319 Employee compensation 0 X 1 7571 FMV X 1 1700000 Appraisal 0 0 1 0 Part I, Column (b): The number of contributions represents the number of unique contributions received. 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 2 Rita 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 4 During 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 11 The 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 12c Officers, 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 15 The 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 19 The university makes its governing documents, conflict of interest policy, and financial statements available upon request. Form 990, Part IX, line 11g Online 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 Responsibility The 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.