2016-01-14T13:57:00-05:00 2015-05-31 990 2014-06-01 620518288 FREED-HARDEMAN UNIVERSITY FREE 158 E MAIN ST HENDERSON TN 38340 JOE WILEY FINANCIAL ANALYST 7319896006 2016-01-12 2014 2016-04-25 22:37:26Z JOE WILEY 52423997 false true X WWW.FHU.EDU X 1869 TN FREED-HARDEMAN UNIVERSITY IS A PRIVATE SCHOOL ASSOCIATED WITH CHURCHES OF CHRIST WHICH EMPHASIZES PHYSICAL AND SPIRITUAL DEVELOPMENT OF ITS STUDENTS TO PREPARE THEM FOR LIVES OF SERVICE TO THEIR COMMUNITIES. 29 29 1157 171301 30435628 9653224 40656820 39939428 2349412 2660044 1806561 171301 75248421 52423997 12480507 12978073 0 20042273 19856547 60500 2170900 16271427 14941846 48794207 47836966 26454214 4587031 128830930 132862488 35938987 34235802 92891943 98626686 FREED-HARDEMAN UNIVERSITY IS A PRIVATE SCHOOL ASSOCIATED WITH CHURCHES OF CHRIST WHICH EMPHASIZES THE PHYSICAL AND SPIRITUAL DEVELOPMENT OF ITS STUDENTS SO THEY CAN BETTER SERVE THEIR COMMUNITIES. true true 611000 39007608 12978073 52423997 THE UNIVERSITY CONDUCTED CLASSES FOR APPROXIMATELY 2000 STUDENTS AND GRADUATED APPROXIMATELY 349 DURING THE FISCAL YEAR. THE EXPENSES INCLUDED FACULTY SALARIES AND BENEFITS AND AUXILIARY ENTERPRISES AND THE STAFF AND THE OPERATIONS AND MAINTENANCE TO SUPPORT THEM. 39007608 true true false false false false false false false true true true false false true false true false true true true false true true true false false false true true false true false false false false true false false false false true true false false false false false false false true 90 0 1157 true true true true BE false false false true true false false false X 29 29 false false false false false false false true true false false true true true true false true true true false X X RICHARD TAYLOR JR 7319896006 158 E MAIN ST HENDERSON TN 38340 JOE WILEY PRESIDENT 40 X 277918 0 21573 MILTON SEWELL CHANCELLOR 40 X 150826 0 17573 DAVE CLOUSE VICE-PRESIDENT 40 X 118421 0 18370 SAMUEL JONES VICE-PRESIDENT 40 X 113864 0 16024 WAYNE SCOTT VICE-PRESIDENT 40 X 107262 0 10404 CHARLES VIRES VICE-PRESIDENT 40 X 140098 0 19026 DWAYNE WILSON VICE-PRESIDENT AND CFO 40 X 153192 0 16558 SHAREN CYPRESS FACULTY AND DEAN 40 X 91158 0 10557 LEANN SELF-DAVIS FACULTY AND DEAN 40 X 90283 0 10396 MARK STEINER FACULTY AND DEAN 40 X 89975 0 16514 TOM DEBERRY FACULTY 40 X 89641 0 15968 VICKI JOHNSON ASSOC. VP FOR ACADEMICS 40 X 88356 0 10587 1510994 183550 11 false true false ALLIANCE CORP PO BOX 1480 GLASGOW KY 42142 CONSTRUCTION 811378 BRAMBLETT GROUP 106 W MAIN ST HENDERSON TN 38340 PUBLIC RELATIONS 148529 EARL SWENSSON ASSOCIATES PO BOX 410628 NASHVILLE TN 37241 ARCHITECTURAL 384082 0 409419 8221493 5125341 9653224 OPERATING REVENUE 611000 31442326 31442326 AUXILIARY ENTERPRISES 611000 8497102 8497102 39939428 699907 699907 303455 284295 19160 19160 19160 18458775 16498638 1960137 1960137 1960137 403681 251540 152141 152141 52423997 42599472 171301 0 12978073 12978073 1918362 983080 612945 1022312 13608916 10049098 2607801 952017 601932 456148 90461 55323 2719699 1712191 820997 186511 1007638 760421 163547 83670 14264 14264 84698 84698 60500 60500 256203 256203 863074 469909 393165 620345 220523 399822 1344856 790724 511049 43083 692291 631695 60596 1146998 973352 106009 67637 89975 89975 693111 693111 2079210 2079210 227676 213036 14640 UTILITIES 2215375 1935413 279962 STUDENT MEALS 2247092 2247092 OPERATION AND MAINTENANCE 694620 220603 474017 UNRELATED BUSINESS EXPENSES 203784 203784 1468274 1468274 47836966 39007608 6658458 2170900 1687754 1932578 4244500 193588 931725 906607 1397274 1527873 233829 212389 843911 663672 98289366 26656519 67149099 71632847 41654712 41155355 10688126 14637579 128830930 132862488 2001941 2474144 1215343 1197241 808617 957958 16750219 16153212 6975000 5750000 6820724 6642302 1367143 1060945 35938987 34235802 42949132 44120640 34069192 36399742 15873619 18106304 92891943 98626686 128830930 132862488 4587031 1147712 X false true true true true X 0 0 0 0 0 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 28104138 621128 5530140 1227984 237859 32789563 43634383 3223793 4102378 1405991 5318528 645840 43590195 35384024 2326696 7780884 1328067 529154 43634383 32789563 2251992 1937987 1329133 266385 35384024 .15300 .34300 .50400 false false 3012601 3012601 87238490 19683085 67555405 6739821 6103640 636181 1298454 869794 428660 71632847 ALTERNATIVE INVESTMENTS - LEVEL 1 2464776 F ALTERNATIVE INVESTMENTS - LEVEL 2 7947051 F PRIVATE EQUITY FUNDS - LEVEL 3 2237338 F LAND AND OTHER - LEVEL 3 1988414 F 14637579 LIABILITY UNDER UNITRUST AGREEMENTS 237951 ANNUITIES PAYABLE 822994 1060945 54274250 1147712 1147712 53126538 -702541 -702541 52423997 48539507 702541 702541 47836966 47836966 PART V LINE 4 SUPPORT OF STUDENT SCHOLARSHIPS AND OPERATING BUDGET ARE THE INTENDED USE OF THE ENDOWMENT FUNDS. PART XI LINE 4B AND PART XII LINE 2D RENTAL EXPENSES AGAINST GROSS RENTS IN 990-PART VIII LINE 6B OF 284295 PLUS COST OF GOODS SOLD AGAINST GROSS SALES IN 990-PART VIII LINE 10B OF 251540 PLUS DIRECT FUNDRAISING EXPENSES AGAINST GROSS GIFTS IN 990-SCH G PART II LINE 9 OF 166706 702541. true true true true true true true false false false false false false false false true false true PART I LINE 3 THE UNVIERSITY POLICY IS NOTED IN THE SCHOOL CATALOG ON THE SCHOOL'S WEBSITE AND IN BROCHURES. true SPAIN 0 1 PROGRAM SERVICES CLASSES TAUGHT 432 COSTA RICA 0 5 PROGRAM SERVICES CLASSED TAUGHT 42206 ISRAEL AND GREECE 0 2 PROGRAM SERVICES CLASSES TAUGHT 96915 EUROPE 1 5 PROGRAM SERVICES CLASSES TAUGHT 293441 1 13 432994 432994 0 CONSULTANT AND TRANSLATION SERVICES 1 12000 BY USA CHECK false false false false false false PART 1 LINE 2 FUNDS ARE MONITORED FOR THESE CLASSES ABROAD BY THE INTERNATIONAL STUDIES OFFICE PERSONNEL THROUGH NORMAL ACCOUNTING PROCEDURES OF THE UNIVERSITY. X X X X X X X true THOMPSON AND ASSOCIATES ESTATE PLANNING WITH DONORS false 60500 60500 BENEFIT DINNER 1189018 1189018 166706 1189018 166706 166706 1022312 false false false false false false false false false true 0 STUDENT SCHOLARSHIPS 1317 12978073 PART III LINE 1 THESE GRANT FUNDS ARE ALL FOR STUDENTS IN THE FORM OF SCHOLARSHIPS AND IS MONITORED BY THE STUDENT FINANCIAL AID DEPARTMENT AND IS AUDITED FOR COMPLIANCE EACH YEAR AND REPORTED ON THE A-133 AUDIT REPORT. X X false true X false false false false false false false false false JOE A WILEY 277918 13000 8573 299491 MILTON R SEWELL 150826 7945 9628 168399 DWAYNE H WILSON 153192 8000 8558 169750 CHARLES H VIRES 140098 7600 11426 159124 A HEALTH & EDUC FACILITIES BOARD 521339251 2005-10-06 6500000 BUILD & EQUIP A STUDENT DORMITORY false false false B HEALTH & EDUC FACILITIES BOARD 521339251 2013-03-20 11678665 REFINANCED 3 PREVIOUS BONDS false false false A 6500000 6500000 2007 false false true true B 11652016 11678665 26649 false false true true A false false false false false false false false 0.0 B false false false false false false false false 0.0 A false false B false false A B THE JOHN & ROSEMARY BROWN FOUNDATION PAST BOARD MEMBER PAYOFF TAX-EXEMPT BONDS X 6700000 4187500 false true true TERRY & REGINA CREWS BOARD MEMBER PAYOFF TAX-EXEMPT BONDS X 500000 false true true TOM ANDERSON BOARD MEMBER PAYOFF TAX-EXEMPT BONDS X 200000 false true true JAMES EDMOND BOARD MEMBER PAYOFF TAX-EXEMPT BONDS X 100000 62500 false true true LARRY BLOOMINGBURG BOARD MEMBER PAYOFF TAX-EXEMPT BONDS X 100000 62500 false true true JOHN AND MARILYN DODD BOARD MEMBER PAYOFF TAX-EXEMPT BONDS X 100000 62500 false true true DALE JONES BOARD MEMBER PAYOFF TAX-EXEMPT BONDS X 50000 31250 false true true BILL MORGAN BOARD MEMBER PAYOFF TAX-EXEMPT BONDS X 100000 62500 false true true LYNN & REMONA PATTERSON BOARD MEMBER PAYOFF TAX-EXEMPT BONDS X 100000 62500 false true true MILTON & LAUREL SEWELL CHANCELLOR PAYOFF TAX-EXEMPT BONDS X 100000 62500 false true true ROBERT SHACKELFORD BOARD MEMBER PAYOFF TAX-EXEMPT BONDS X 100000 62500 false true true TOMMY TOWNSEND BOARD MEMBER PAYOFF TAX-EXEMPT BONDS X 150000 93750 false true true FRIENDS OF FHU LLC SEVERAL BOARD MEMBERS AND EMPLOYEES PAYOFF TAX-EXEMPT BONDS X 1600000 1000000 false true true JAMES & BECKY GARDNER FACULTY MEMBER PAYOFF TAX-EXEMPT BONDS X 100000 false true true X 1 7385 APPRAISAL X 9 4555841 STOCK EXCHANGE X 1 100000 APPRAISAL false true true PART IV SECTION B LINE 11B A COPY OF THE 990 IS SENT TO ALL MEMBERS OF THE AUDIT COMMITTEE OF THE BOARD OF TRUSTEES AND MADE AVAILABLE TO ALL MEMBERS OF THE BOARD OF TRUSTEES UPON REQUEST. PART VI SECTION B LINE 12C AN ELECTRONIC VERSION OF THE CONFLICT OF INTEREST POLICY IS MADE AVAILABLE TO ALL BOARD OF TRUSTEES MEMBERS. ALL MEMBERS SIGN A STATEMENT ACKNOWLEDGING THE POLICY AND UNDERSTAND THAT THERE ARE PENALTIES FOR NON-COMPLIANCE. PART VI SECTION B LINE 15A THE PRESIDENT'S SALARY IS REVIEWED ANNUALLY BY THE COMPENSATION COMMITTEE A SUBCOMMITTEE OF THE BOARD OF TRUSTEES. EACH YEAR THE COMMITTEE REVIEWS AVAILABLE SALARY SURVEYS FOR EXAMPLE THE SURVEY COMPILED BY THE CHRONICLE OF HIGHER EDUCATION. THE COMMITTEE ALSO CONSIDERS THE PRESIDENT'S PERFORMANCE ESPECIALLY IN REGARD TO METRICS ON THE INSTITUTION'S STRATEGIC PLAN. A PROPOSED CHANGE IN HIS COMPENSATION IS RECOMMENDED BY THE COMMITTEE FOR APPROVAL BY THE FULL BOARD OF TRUSTEES. PART VI SECTION B LINE 15B THE COMPENSATION FOR THE OTHER OFFICERS AND KEY EMPLOYEES ARE SET BY THE PRESIDENT WITH APPROVAL BY THE BOARD OF TRUSTEES.