2016-04-18T14:39:26-05:00 2015-05-31 363990892 Capin Crouse LLP 1255 Lakes Parkway Suite 130 Lawrenceville GA 30043 990 2014-06-01 570314406 North Greenville University NORT 8649777000 PO Box 1892 Tigerville SC 29688 Dr Randall Pannell Interim President 8649777000 2016-04-18 1 Edward M Priem II P01783684 6785185301 2014 2016-08-17 19:52:53Z Dr Randall Pannell PO Box 1892 Tigerville SC 29688 66092034 0 X www.NGU.edu X 1892 SC The University offers a quality education in a biblically sound, Christ-centered environment. 25 25 1270 200 0 0 10953715 5071299 46719558 50992121 2954567 1201297 66550 445526 60694390 57710243 15180547 17346613 0 0 19125673 22612278 0 0 1156529 14863224 16394651 49169444 56353542 11524946 1356701 114083533 115157307 6290970 8424834 107792563 106732473 X North Greenville University believes that the truths found in Holy Scriptures permeate every aspect of reality. All truth is ultimately from God. Therefore, a commitment to academic excellence can be an integral component in the maturation of one's faith. Faculty members meet regularly to study ways in which matters of faith can be brought into the classroom experience. Students are encouraged to participate in the process of integrating faith and learning. North Greenville University strives to be a place where graduates will leave with both and understanding of their chosen fields of endeavor and an appreciation for how the truths of scripture apply to those areas. The University offers the following degrees: the Bachelor of Arts degree, the Bachelor of Science degree, the Master of Business Administration degree, and the Master of Christian Ministries degree. Within the undergraduate degrees there are 36 program options and choices of major. 0 0 50987160 17346613 51381313 The University is a co-educational liberal arts university offering graduate and undergraduate degrees. It has Level V membership in the Commission of Colleges of the Southern Association of Colleges and Schools. The University's purpose is to provide opportunities for higher education in a Christian atmosphere. The University provided education services to 2,428 students. 50987160 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 1 1 0 1 0 1 0 0 0 1 0 0 0 1 1 0 0 0 1 1 0 1 0 1 0 0 0 0 1 1 1 0 0 1 3974 0 1 1270 1 0 0 0 0 0 1 1 0 0 0 0 X 25 25 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 SC X Michelle Sabou 8649777000 PO Box 1892 Tigerville SC 29688 Beverly N Hawkins Chairman (Part Yr Vice Chairman) 1.00 X X 0 0 0 Michael D Hamrick Part Year Chairman 1.00 X X 0 0 0 William Tyler Vice Chairman 1.00 X X 0 0 0 Dr Lucile Sullivan Secretary 1.00 X X 0 0 0 Rodney Back Trustee 1.00 X 0 0 0 Daniel Boling Trustee 1.00 X 0 0 0 Lee Capell Trustee 1.00 X 0 0 0 Edward Case Trustee 1.00 X 0 0 0 David Charpia Trustee 1.00 X 0 0 0 Jimmy Cox Trustee 1.00 X 0 0 0 Betty Jo Craft Trustee 1.00 X 0 0 0 David Edwards Trustee 1.00 X 0 0 0 Ronald Edwards Trustee 1.00 X 0 0 0 Mark Ells Trustee 1.00 X 0 0 0 Dr Arnold E Emery Trustee 1.00 X 0 0 0 Rebecca W Freel Trustee 1.00 X 0 0 0 Gary Glenn Trustee 1.00 X 0 0 0 Dr Joe F Hayes Trustee 1.00 X 0 0 0 Lucian R Lee Jr Trustee 1.00 X 0 0 0 Greg Mathis Trustee 1.00 X 0 0 0 Eugene Merritt Trustee 1.00 X 0 0 0 Laura Messer Trustee 1.00 X 0 0 0 Dr Lee McCormick Trustee 1.00 X 0 0 0 Dr Melvin K Younts Trustee 1.00 X 0 0 0 Rev Robert A Dickard Part Year Trustee 1.00 X 0 0 0 Dr Ralph S Hendricks Part Year Trustee 1.00 X 0 0 0 Dr Bruce A Russell Part Year Trustee 1.00 X 0 0 0 Dr G Elton Todd Part Year Trustee 1.00 X 0 0 0 Dr Donald E Ward Part Year Trustee 1.00 X 0 0 0 Dr Donald J Wilton Part Year Trustee 1.00 X 0 0 0 Dr Randall Pannell Interim President & VP Ac. Affairs 40.00 X 101036 0 17331 Dr James Epting President 40.00 X 375848 0 54219 Michelle Sabou VP Business Affairs 40.00 X 108718 0 13464 Wayne Landrith VP Corporate & Foundation 40.00 X 109930 0 13386 Dr Tony Beam VP for Student Services 40.00 X 101848 0 23511 Dr Stephen Crouse VP of Campus Ministries 40.00 X 99511 0 26026 Alexander Miller VP for University Advancement 40.00 X 99676 0 21102 Mayson Easterling VP for Denominational Relations 40.00 X 103776 0 23973 Keli Sewell VP of Admissions & FA 40.00 X 104978 0 26026 Dr Sam Isgett VP for Graduate Programs 40.00 X 106735 0 18414 Thomas Allen Dean College of Science & Math 40.00 X 124658 0 15742 Gregory Davenport Associate Dean of Health Professions 40.00 X 121558 0 11543 1558272 0 264737 10 0 1 0 Aramark Corporation PO Box 198532 Atlanta GA 30384 Food Services 2172663 Bank Bros Asphalt PO Box 670 Travelers Rest SC 29690 Asphalt 561002 Sportscapes 432 Country Ridge Red Oak TX 75154 Construction 376000 Oakwood Synthetic Turf 23679 Lauren Road Macomb MI 48042 Turf 300000 Blackboard Inc 650 Massachusetts Ave NW 6th Floo Washing DC 20001 Learning Management System Provider 224966 28 27441 1233036 112119 3698703 324764 5071299 Tuition and fees 900099 35076963 35076963 Auxiliary revenue 900099 15359308 15359308 Other income 900099 555850 555850 50992121 710377 710377 7907381 4933985 2482476 2973396 -2482476 490920 490920 82215 27441 25881 56334 56334 1328641 939449 389192 389192 57710243 51381313 0 1257631 17346613 17346613 1231222 749502 260400 221320 318834 190796 128038 16530512 13858177 2374733 297602 671144 620787 28558 21799 2563699 2077353 390781 95565 1296867 1199560 55184 42123 48454 3267 45187 59800 10500 49300 135641 135641 720698 720698 54806 54806 2291585 1955279 78572 257734 969441 969441 508960 494712 14248 475576 445161 6370 24045 85249 81852 619 2778 21789 20844 816 129 2198505 2103141 82304 13060 377985 364792 13193 Repairs & maintenance 4214465 4028409 161711 24345 Food services 3471462 3471462 Accreditation & members 103589 62525 41064 656646 212289 416366 27991 56353542 50987160 4209853 1156529 10922042 12372544 15888074 13040519 325223 283468 1500 1000 99095 13385 737403 563967 350 2433 82751761 23979237 54978198 58772524 16235097 16311908 12796958 11830268 2099593 1965291 114083533 115157307 2604508 3423371 1367873 1559761 399813 370273 360417 318750 1558359 2752679 6290970 8424834 X 76697044 73184248 10686583 12478960 20408936 21069265 107792563 106732473 114083533 115157307 X 1356701 -2047366 6000 -375425 X X 0 1 X 1 1 1 X 5612303 5783927 8817750 10953715 5071299 36238994 5612303 5783927 8817750 10953715 5071299 36238994 10159210 26079784 385260 571614 573049 825025 710377 3065325 58750 73804 79429 86375 82215 380573 39684892 224832627 0.65720 X Schedule A, Part II The organization is a school as described under 170(b)(1)(A)(ii) and is not required to complete a public support schedule. Schedule A, Part II is completed to verify the School can qualify under public charity status section 170(b)(1)(A)(vi) and qualifies to use the first listed special rule for Schedule B reporting. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 26137823 793104 1417232 147957 28200202 20918556 3112855 2253765 27902 119451 26137823 16632823 1839690 2537892 40775 51074 20918556 16897846 635120 -829059 13067 58017 16632823 14005945 541201 2445568 30756 64112 16897846 0.12550 0.67950 0.19500 0 1 1 1966527 6489611 8456138 60143956 16366090 43777866 1503664 960267 543397 8964244 6652880 2311364 3683759 3683759 58772524 33028 C Cash value of life insurance 531738 F Baptist Foundation 9657847 F Alternative investments 1443590 F Commodities 164065 F 11830268 Student deposits 616390 Trust liability 59237 Funds held for others 253919 Post-retirement benefit obligation 1271161 Capital lease obligation 551972 2752679 X 38813363 -2047366 42835 -375425 -2379956 41193319 135641 16381283 16516924 57710243 39873453 36835 965330 1002165 38871288 135641 17346613 17482254 56353542 Part V, Line 4: The majority of the University's endowment earnings is used to provide scholarship assistance. A small portion of earnings are used to provide programs as designated by donors and the Board of Trustees. Part X, Line 2: The consolidated financial statement effects of a tax position taken or expected to be taken are recognized in the consolidated 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 consolidated statements of activities. As of May 31, 2015 and 2014, the University had no uncertain tax positions that qualify for recognition or disclosure in the consolidated financial statements. The University files information tax returns in the U.S. and various states. The University is generally no longer subject to U.S. Federal and state income tax examinations by tax authorities for years before 2011. Part XI, Line 2d - Other Adjustments: Change in value of trust -145,425. Unrealized loss on assets held for sale -230,000. Part XI, Line 4b - Other Adjustments: Fundraising expenses reported on Part VIII, Line 8b -25,881. Cost of goods sold reported on Part VIII, Line 10B -939,449. Scholarships netted with revenue 17,346,613. Part XII, Line 2d - Other Adjustments: Fundraising Expenses reported on Part VIII, Line 8B 25,881. Cost of goods sold reported on Part VIII, Line 10B 939,449. Part XII, Line 4b - Other Adjustments: Scholarships netted with revenue 17,346,613. 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 non-discrimination policy is included in the catalog that goes to all prospective students and that is included on the University website. This information is also included in all admissions materials. Schedule E, Part I, Line 6 Federal financial aid funds under Title IV are received by the University and are awarded and disbursed to its students. Sub-Saharan Africa 0 0 Program Services Study Abroad 64987 South America 0 0 Program Services Study Abroad 45333 Central America and the Caribbean 0 0 Program Services Study Abroad 38107 South Asia 0 0 Program Services Study Abroad 12778 North America 0 0 Program Services Study Abroad 12762 Europe (Including Iceland & Greenland) 0 0 Program Services Study Abroad 12540 Middle East and North Africa 0 0 Program Services Study Abroad 1703 0 0 0 0 0 0 188210 0 188210 0 0 0 0 0 0 Part I, line 3: Accrual method is used to account for foreign expenditures. Golf tournament 109656 27441 82215 1500 14479 3200 5241 1461 109656 27441 82215 1500 14479 3200 5241 1461 25881 56334 1 Scholarships 2200 17346613 Part I, Line 2: The financial aid planning office requires students to complete the free application for federal student aid (FAFSA) form to determine eligibility for federal, state and institutional grants, scholarships and loans. This is an equitable formula that measures all assets consistently. In addition to this form, the institution does require some other guidelines in the event that funds are offered based on certain academic credentials or performance in a university sponsored activity or athletic event. These credentials are clearly stated in the university catalog and the university website. Enrollment and eligibility are monitred by the university. X 1 1 X X X 1 1 0 0 0 0 0 0 0 Dr James Epting President 275746 0 100102 0 0 0 40500 0 16207 0 432555 0 0 0 Part I, Line 1a The President is required to live on the University's main campus. The home is University property and is adjacent to the Univeristy. This benefit is not taxable. A nontaxable housing allowance is also provided to the VP of Business Affairs, VP of Denomenational Relations, and the VP of Academics who are required to live on campus by the University to complete their job duties and respond in emergency situations. All of the houses are on campus and are University property. Part I, Lines 4a-b Dr. Epting, former president, had a 457(f) plan and a severance agreement in FY14-15. However no severance payments were made to him before 5/31/15. A $10,000 contribution was made to his 457(f) plan during the fiscal year, prior to the agreement being formed. Vlad Sabou Employee Staff Improvement Loan X 1500 1000 0 1 1 1000 56765 Merit Based Tuition Assistance Paul Epting Family Member of James Epting, President 104335 W-2 and Benefits 0 Joe Hayes Jr Family Member of Joe Hayes, Trustee 86981 W-2 and Benefits 0 Vlad Sabou Family Member of Michelle Sabou, VP of Business Affairs 40157 W-2 and Benefits 0 Nancy Isgett Family Member of Joseph Isgett, VP Graduate Studies 46304 W-2 and Benefits 0 Julie Styles Former Board Member 43060 W-2 and Benefits 0 Schedule L, Part II Vlad Sabou, husband of Michelle Sabou (VP of Business Affairs) had a staff improvement loan, which is forgiven based on years of service, from the organization with a balance of $1,000 as of 5/31/2015. X 1 4000 Appraisal X 14801 Fair market value X 269942 Fair market value X 4 32000 Fair market value X 14 4021 Fair market value 4 0 1 0 Part I, Column (b): The number of contributions represent the number of contributions received, not the number of items donated. Form 990, Part VI, Section A, line 1 The executive committee is composed of the chairman, the vice chairman, the secretary, two members-at-large, and the chairman of each of the other board committees. When the board is not in session, the executive committee has the authority to: a) Discharge such duties as the board may assign from time to time and submit a report of its action at the next meeting of the board. b) Review and approve the annual budget prepared by the president and recommend the budget to the entire board for final action. c) Except as limited by these bylaws, or the board itself, have general oversight over matters relating to finance, and implement the fiscal policies of the board. d) Initiate and implement long-range planning for the institution. e) Through the president, serve as the avenue of communication between the board, the faculty, staff, and student body. f) Serve as a grievance committee on complaints received through the office of the president from member of the faculty or staff at the executive committee's initiative or at the request of the president Form 990, Part VI, Section B, line 11 The 990 is prepared by an independent CPA firm and reviewed in detail by the Organization's top management. Every member of the governing body is provided with a copy of the 990 prior to filing with the IRS. Form 990, Part VI, Section B, line 12c The trustees and officers must sign a conflict of interest policy annually. The conflict of interest disclosure forms are then reviewed by the VP for Business Affairs. Any conflicts are disclosed to the President and the Chairman of the Board. If a matter related to a conflict is considered by the Board, the Board Member with the conflict will recuse him or herself. Form 990, Part VI, Section B, line 15 The Executive Committee of the independent Board of Trustees reviews the salary and benefits of the President and decides what the new contract amounts will be using comparability data from colleges with similar budgets. This process is documented in the committee minutes. The salary of the Officers is reviewed annually by the independent Board during budget approval. The Officers are typically eligible to receive the same rate of merit increases as other employees, and the final salary decisions for the Officers is made by the President. This process is documented in board minutes as part of the annual budget process. Form 990, Part VI, Section C, line 19 At this time, the University does not make available to the public its governing documents, conflict of interest policy, and financial statements. Form 990, Part XI, line 9: Change in value of trust -145,425. Unrealized loss on assets held for sale -230,000. Form 990, Part XII, line 2c: The University's Board assumes oversight of the audit of its financial statements and selection of its independent accountant. This process has not changed since the prior year. Form 990, Part VI, Line 7a/7b: The University is an institution of the South Carolina Baptist Convention (Convention). The Convention appoints the University's 25 trustees and must approve all changes or amendments to the University's charter. Crusader Mountie LLC PO BOX 332 Tigerville SC 29688 471461194 Wastewater Treatment SC 80213 1435352 North Greenville Univ South Carolina Baptist Convention 190 Stoneridge Drive Columbia SC 29210 570360087 Association of Southern Baptist Churches SC 501(C)(3) 1 N/A 0 The Baptist Foundation of South Carolina 190 Stoneridge Drive Columbia SC 29210 570348054 Institution of SCBC designated for the management of trust funds SC 501(C)(3) 1 South Carolina Baptist Convention 0 Living Trust (1) Irrevocable Living Trust SC North Greenville Universtiy T 0 Charitable Remainder Unitrust (5) Charitable Remainder Unitrust SC North Greenville Universtiy T 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 South Carolina Baptist Convention C 0