JOHN WESLEY UNIVERSITY INC: Form 990, tax year 2014

View the entire original 990 at ProPublica ↗

Organization: JOHN WESLEY UNIVERSITY INC (EIN 56-0650621)
Tax period: 2014-07-01 to 2015-06-30
Filed: 2016-01-28
IRS object ID: 201640289349300149
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
Form 990
Schedule A
Schedule B
Schedule D
Schedule E
Schedule I
Schedule O

Return header ReturnHeader

Field	Value	IRS element (for citing)
Return	2016-01-28T15:02:04-06:00	ReturnTs
Tax Period End	2015-06-30	TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Field	Value	IRS element (for citing)
Preparer Firm EIN	205907591	PreparerFirmEIN

Preparer Firm Name PreparerFirmName

Field	Value	IRS element (for citing)
Business Name Line1	SMITH LEONARD PLLC	BusinessNameLine1Txt

Preparer US Address PreparerUSAddress

Field	Value	IRS element (for citing)
Address Line1	4035 PREMIER DRIVE SUITE 300	AddressLine1Txt
City	HIGH POINT	CityNm
State Abbreviation	NC	StateAbbreviationCd
ZIP	27265	ZIPCd

Field	Value	IRS element (for citing)
Return Type	990	ReturnTypeCd
Tax Period Begin	2014-07-01	TaxPeriodBeginDt

Filer Filer

Field	Value	IRS element (for citing)
EIN	560650621	EIN

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	LAUREL UNIVERSITY INC	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Business Name Control	LAUR	BusinessNameControlTxt
Phone	3368873000	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	1215 EASTCHESTER DRIVE	AddressLine1Txt
City	HIGH POINT	CityNm
State Abbreviation	NC	StateAbbreviationCd
ZIP	27265	ZIPCd

Business Officer BusinessOfficerGrp

Field	Value	IRS element (for citing)
Person	DR STEVE CONDON	PersonNm
Person Title	PRESIDENT	PersonTitleTxt
Phone	3368873000	PhoneNum
Signature	2016-01-27	SignatureDt
Discuss With Paid Preparer	Yes (1)	DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

Field	Value	IRS element (for citing)
Preparer Person	ADDISON R MAILLE	PreparerPersonNm
PTIN	P00294569	PTIN
Phone	3368830181	PhoneNum
Preparation	2016-01-27	PreparationDt

Field	Value	IRS element (for citing)
Tax	2014	TaxYr
Build TS	2016-04-25 22:37:26Z	BuildTS

Form 990 IRS990

Field	Value	IRS element (for citing)
Initial Return	Yes (X)	InitialReturnInd
Principal Officer	DR STEVE CONDON	PrincipalOfficerNm

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	1215 EASTCHESTER DRIVE	AddressLine1Txt
City	HIGH POINT	CityNm
State Abbreviation	NC	StateAbbreviationCd
ZIP	27265	ZIPCd

Field	Value	IRS element (for citing)
Gross Receipts	$1,984,709	GrossReceiptsAmt
Group Return For Affiliates	0	GroupReturnForAffiliatesInd
Organization501c3	Yes (X)	Organization501c3Ind
Website Address	WWW.LAURELUNIVERSITY.EDU	WebsiteAddressTxt
Type Of Organization Corp	Yes (X)	TypeOfOrganizationCorpInd
Other Organization Dsc	EXEMPT ORGANIZATION	OtherOrganizationDsc
Formation	1903	FormationYr
Legal Domicile State	NC	LegalDomicileStateCd
Activity Or Mission	THE MISSION OF LAUREL UNIVERSITY IS TO BE A DISTINCTIVE BIBLICAL LEADER IN HIGHER EDUCATION. THE GRADUATES ARE PROVEN LEADERS IN LARGE AND SMALL CORPORATIONS, ACADEMIC INSTITUTIONS, BUSINESSES, AND THE MINISTRY. THE INSTITUTION'S SIZE AND INTENTIONALLY RIGOROUS CURRICULUM GUARANTEES A UNIQUE AND PROFOUND SET OF LEARNINGS OUTCOMES UPON GRADUATION.	ActivityOrMissionDesc
Voting Members Governing Body	14	VotingMembersGoverningBodyCnt
Voting Members Independent	14	VotingMembersIndependentCnt
Total Employee	87	TotalEmployeeCnt
Total Volunteers	0	TotalVolunteersCnt
Total Gross UBI	$0	TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm	$0	NetUnrelatedBusTxblIncmAmt
CY Contributions Grants	$47,686	CYContributionsGrantsAmt
CY Program Service Revenue	$1,930,572	CYProgramServiceRevenueAmt
CY Investment Income	$6,451	CYInvestmentIncomeAmt
CY Other Revenue	$0	CYOtherRevenueAmt
CY Total Revenue	$1,984,709	CYTotalRevenueAmt
CY Grants And Similar Paid	$237,778	CYGrantsAndSimilarPaidAmt
CY Benefits Paid To Members	$0	CYBenefitsPaidToMembersAmt
CY Salaries Comp Emp Bnft Paid	$1,267,863	CYSalariesCompEmpBnftPaidAmt
CY Total Prof Fndrsng Expns	$0	CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense	$68,133	CYTotalFundraisingExpenseAmt
CY Other Expenses	$779,866	CYOtherExpensesAmt
CY Total Expenses	$2,285,507	CYTotalExpensesAmt
CY Revenues Less Expenses	-$300,798	CYRevenuesLessExpensesAmt
Total Assets BOY	$3,115,115	TotalAssetsBOYAmt
Total Assets EOY	$3,190,964	TotalAssetsEOYAmt
Total Liabilities BOY	$305,081	TotalLiabilitiesBOYAmt
Total Liabilities EOY	$718,430	TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY	$2,810,034	NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY	$2,472,534	NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part III	Yes (X)	InfoInScheduleOPartIIIInd
Mission	THE MISSION OF LAUREL UNIVERSITY IS TO BE A DISTINCTIVE BIBLICAL LEADER IN HIGHER EDUCATION. THE GRADUATES ARE PROVEN LEADERS IN LARGE AND SMALL CORPORATIONS, ACADEMIC INSTITUTIONS, BUSINESSES AND THE MINISTRY. THE INSTITUTION'S SIZE AND INTENTIONALLY RIGOROUS CURRICULUM GUARANTEES A UNIQUE AND PROFOUND SET OF LEARNINGS OUTCOMES UPON GRADUATION.	MissionDesc
Significant New Program Srvc	0	SignificantNewProgramSrvcInd
Significant Change	0	SignificantChangeInd
Expense	$1,383,977	ExpenseAmt
Grant	$237,778	GrantAmt
Revenue	$1,930,572	RevenueAmt
Desc	LAUREL UNIVERSITY IS A PRIVATE, INTERDENOMINATIONAL UNIVERSITY COMMITTED TO PROVIDING QUALITY EDUCATIONAL INSTRUCTION FOR UNDERGRADUATE AND GRADUATE DEGREES IN MINISTRY AND MANAGEMENT TO APPROXIMATELY 146 STUDENTS.	Desc
Total Program Service Expenses	$1,383,977	TotalProgramServiceExpensesAmt
Described In Section501c3	Yes (1)	DescribedInSection501c3Ind
Schedule B Required	Yes (1)	ScheduleBRequiredInd
Political Campaign Acty	0	PoliticalCampaignActyInd
Lobbying Activities	0	LobbyingActivitiesInd
Subject To Proxy Tax	0	SubjectToProxyTaxInd
Donor Advised Fund	0	DonorAdvisedFundInd
Conservation Easements	0	ConservationEasementsInd
Collections Of Art	0	CollectionsOfArtInd
Credit Counseling	0	CreditCounselingInd
Temp Or Permanent Endowments	Yes (1)	TempOrPermanentEndowmentsInd
Report Land Building Equipment	Yes (1)	ReportLandBuildingEquipmentInd
Report Investments Other Sec	0	ReportInvestmentsOtherSecInd
Report Program Related Invst	Yes (1)	ReportProgramRelatedInvstInd
Report Other Assets	0	ReportOtherAssetsInd
Report Other Liabilities	Yes (1)	ReportOtherLiabilitiesInd
Include FIN48 Footnote	Yes (1)	IncludeFIN48FootnoteInd
Independent Audit Fincl Stmt	Yes (1)	IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt	0	ConsolidatedAuditFinclStmtInd
School Operating	Yes (1)	SchoolOperatingInd
Foreign Office	0	ForeignOfficeInd
Foreign Activities	0	ForeignActivitiesInd
More Than5000 K To Org	0	MoreThan5000KToOrgInd
More Than5000 K To Individuals	0	MoreThan5000KToIndividualsInd
Professional Fundraising	0	ProfessionalFundraisingInd
Fundraising Activities	0	FundraisingActivitiesInd
Gaming Activities	0	GamingActivitiesInd
Operate Hospital	0	OperateHospitalInd
Grants To Organizations	0	GrantsToOrganizationsInd
Grants To Individuals	Yes (1)	GrantsToIndividualsInd
Schedule J Required	0	ScheduleJRequiredInd
Tax Exempt Bonds	0	TaxExemptBondsInd
Engaged In Excess Benefit Trans	0	EngagedInExcessBenefitTransInd
PY Excess Benefit Trans	0	PYExcessBenefitTransInd
Loan Outstanding	0	LoanOutstandingInd
Grant To Related Person	0	GrantToRelatedPersonInd
Business Rln With Org Mem	0	BusinessRlnWithOrgMemInd
Business Rln With Fam Mem	0	BusinessRlnWithFamMemInd
Business Rln With Officer Ent	0	BusinessRlnWithOfficerEntInd
Deductible Non Cash Contri	0	DeductibleNonCashContriInd
Deductible Art Contribution	0	DeductibleArtContributionInd
Terminate Operations	0	TerminateOperationsInd
Partial Liquidation	0	PartialLiquidationInd
Disregarded Entity	0	DisregardedEntityInd
Related Entity	0	RelatedEntityInd
Related Organization Ctrl Ent	0	RelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd Org	0	TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp	0	ActivitiesConductedPrtshpInd
Schedule O Required	Yes (1)	ScheduleORequiredInd
IRP Document	28	IRPDocumentCnt
IRP Document W2 G	0	IRPDocumentW2GCnt
Backup Wthld Compliance	Yes (1)	BackupWthldComplianceInd
Employee	87	EmployeeCnt
Employment Tax Returns Filed	Yes (1)	EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over Limit	0	UnrelatedBusIncmOverLimitInd
Foreign Financial Account	0	ForeignFinancialAccountInd
Prohibited Tax Shelter Trans	0	ProhibitedTaxShelterTransInd
Taxable Party Notification	0	TaxablePartyNotificationInd
Nondeductible Contributions	0	NondeductibleContributionsInd
Quid Pro Quo Contributions	0	QuidProQuoContributionsInd
Form8282 Property Disposed Of	0	Form8282PropertyDisposedOfInd
Indoor Tanning Services	0	IndoorTanningServicesInd
Info In Schedule O Part VI	Yes (X)	InfoInScheduleOPartVIInd
Governing Body Voting Members	14	GoverningBodyVotingMembersCnt
Independent Voting Member	14	IndependentVotingMemberCnt
Family Or Business Rln	0	FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties	0	DelegationOfMgmtDutiesInd
Change To Org Documents	0	ChangeToOrgDocumentsInd
Material Diversion Or Misuse	0	MaterialDiversionOrMisuseInd
Members Or Stockholders	0	MembersOrStockholdersInd
Election Of Board Members	0	ElectionOfBoardMembersInd
Decisions Subject To Approva	0	DecisionsSubjectToApprovaInd
Minutes Of Governing Body	Yes (1)	MinutesOfGoverningBodyInd
Minutes Of Committees	Yes (1)	MinutesOfCommitteesInd
Officer Mailing Address	0	OfficerMailingAddressInd
Local Chapters	0	LocalChaptersInd
Form990 Provided To Gvrn Body	0	Form990ProvidedToGvrnBodyInd
Conflict Of Interest Policy	Yes (1)	ConflictOfInterestPolicyInd
Annual Disclosure Covered Prsn	Yes (1)	AnnualDisclosureCoveredPrsnInd
Regular Monitoring Enfrc	Yes (1)	RegularMonitoringEnfrcInd
Whistleblower Policy	Yes (1)	WhistleblowerPolicyInd
Document Retention Policy	Yes (1)	DocumentRetentionPolicyInd
Compensation Process CEO	0	CompensationProcessCEOInd
Compensation Process Other	0	CompensationProcessOtherInd
Investment In Joint Venture	0	InvestmentInJointVentureInd
States Where Copy Of Return Is Fld	NC	StatesWhereCopyOfReturnIsFldCd
Upon Request	Yes (X)	UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	LAUREL UNIVERSITY	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Phone	3368873000	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	1215 EASTCHESTER DRIVE	AddressLine1Txt
City	HIGH POINT	CityNm
State Abbreviation	NC	StateAbbreviationCd
ZIP	27265	ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (17 entries)

TitleTitleTxt	Average Hours Per WeekAverageHoursPerWeekRt	Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd	OfficerOfficerInd	Reportable Comp From OrgReportableCompFromOrgAmt	Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt	Other CompensationOtherCompensationAmt
DR STEVE CONDON
PRESIDENT	50.00	Yes (X)	Yes (X)	$113,171	$0	$0
KEN ROWE
TRUSTEE	1.00	Yes (X)		$0	$0	$0
MARK HARRIS
TREASURER	1.00	Yes (X)		$0	$0	$0
HARVEY LOWD
VICE CHAIR	1.00	Yes (X)		$0	$0	$0
DR LORY MORROW
TRUSTEE	1.00	Yes (X)		$0	$0	$0
DERRICK DUGGINS
TRUSTEE	1.00	Yes (X)		$0	$0	$0
RACHEL MOSS GAULDIN
SECRETARY	1.00	Yes (X)		$0	$0	$0
MENA PARRISH
TRUSTEE	1.00	Yes (X)		$0	$0	$0
DAVID OZMORE
CHAIRMAN	1.00	Yes (X)		$0	$0	$0
HEATHER BOWERS CROSS
TRUSTEE	1.00	Yes (X)		$0	$0	$0
DR BRENT BURDICK
TRUSTEE	1.00	Yes (X)		$0	$0	$0
DR GARY ROYALS
TRUSTEE	1.00	Yes (X)		$0	$0	$0
DAWNA COMPTON
TRUSTEE	1.00	Yes (X)		$0	$0	$0
WAYNE SCOTT
TRUSTEE	1.00	Yes (X)		$0	$0	$0
BONITA SHERROD
TRUSTEE	1.00	Yes (X)		$0	$0	$0
DR JODY ALLEN
HONORARY TRUSTEE	1.00	Yes (X)		$0	$0	$0
EMILY LITTLEFIELD CPA
VP OF FINANCE AND INSTRUCTION	50.00		Yes (X)	$1,353	$0	$0

Field	Value	IRS element (for citing)
Total Reportable Comp From Org	$114,524	TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org	$0	TotReportableCompRltdOrgAmt
Total Other Compensation	$0	TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K	1	IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed	0	FormerOfcrEmployeesListedInd
Total Comp Greater Than150 K	0	TotalCompGreaterThan150KInd
Compensation From Other Srcs	0	CompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp

Contractor Name ContractorName

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	KNOWLEDGE ELEMENTS	BusinessNameLine1Txt

Contractor Address ContractorAddress

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	PO BOX 440128	AddressLine1Txt
City	NASHVILLE	CityNm
State Abbreviation	TX	StateAbbreviationCd
ZIP	37244	ZIPCd

Field	Value	IRS element (for citing)
Services	LEARNING MANAGEMENT SYSTEM	ServicesDesc
Compensation	$165,742	CompensationAmt

Field	Value	IRS element (for citing)
Cntrct Rcvd Greater Than100 K	1	CntrctRcvdGreaterThan100KCnt
All Other Contributions	$47,686	AllOtherContributionsAmt
Total Contributions	$47,686	TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp

Field	Value	IRS element (for citing)
Desc	EDUCATIONAL AND GENERA	Desc
Business	611310	BusinessCd
Total Revenue Column	$1,930,572	TotalRevenueColumnAmt
Related Or Exempt Func Income	$1,930,572	RelatedOrExemptFuncIncomeAmt

Field	Value	IRS element (for citing)
Total Program Service Revenue	$1,930,572	TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$6,451	TotalRevenueColumnAmt
Related Or Exempt Func Income	$6,451	RelatedOrExemptFuncIncomeAmt

Total Revenue TotalRevenueGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$1,984,709	TotalRevenueColumnAmt
Related Or Exempt Func Income	$1,937,023	RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue	$0	UnrelatedBusinessRevenueAmt
Exclusion	$0	ExclusionAmt

Grants To Domestic Individuals GrantsToDomesticIndividualsGrp

Field	Value	IRS element (for citing)
Total	$237,778	TotalAmt
Program Services	$237,778	ProgramServicesAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

Field	Value	IRS element (for citing)
Total	$113,171	TotalAmt
Program Services	$113,171	ProgramServicesAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

Field	Value	IRS element (for citing)
Total	$1,154,692	TotalAmt
Program Services	$647,547	ProgramServicesAmt
Management And General	$443,752	ManagementAndGeneralAmt
Fundraising	$63,393	FundraisingAmt

Fees For Services Management FeesForServicesManagementGrp

Field	Value	IRS element (for citing)
Total	$14,422	TotalAmt
Management And General	$14,422	ManagementAndGeneralAmt

Fees For Services Accounting FeesForServicesAccountingGrp

Field	Value	IRS element (for citing)
Total	$36,889	TotalAmt
Management And General	$36,889	ManagementAndGeneralAmt

Advertising AdvertisingGrp

Field	Value	IRS element (for citing)
Total	$35,630	TotalAmt
Management And General	$35,630	ManagementAndGeneralAmt

Office Expenses OfficeExpensesGrp

Field	Value	IRS element (for citing)
Total	$42,888	TotalAmt
Program Services	$15,654	ProgramServicesAmt
Management And General	$22,494	ManagementAndGeneralAmt
Fundraising	$4,740	FundraisingAmt

Occupancy OccupancyGrp

Field	Value	IRS element (for citing)
Total	$88,696	TotalAmt
Program Services	$43,600	ProgramServicesAmt
Management And General	$45,096	ManagementAndGeneralAmt

Travel TravelGrp

Field	Value	IRS element (for citing)
Total	$52,873	TotalAmt
Program Services	$26,437	ProgramServicesAmt
Management And General	$26,436	ManagementAndGeneralAmt

Interest InterestGrp

Field	Value	IRS element (for citing)
Total	$11,352	TotalAmt
Management And General	$11,352	ManagementAndGeneralAmt

Payments To Affiliates PaymentsToAffiliatesGrp

Field	Value	IRS element (for citing)
Total	$12,710	TotalAmt
Program Services	$6,355	ProgramServicesAmt
Management And General	$6,355	ManagementAndGeneralAmt

Depreciation Depletion DepreciationDepletionGrp

Field	Value	IRS element (for citing)
Total	$80,494	TotalAmt
Program Services	$40,247	ProgramServicesAmt
Management And General	$40,247	ManagementAndGeneralAmt

Insurance InsuranceGrp

Field	Value	IRS element (for citing)
Total	$49,404	TotalAmt
Program Services	$21,738	ProgramServicesAmt
Management And General	$27,666	ManagementAndGeneralAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDesc	TotalTotalAmt	Program ServicesProgramServicesAmt	Management And GeneralManagementAndGeneralAmt
ONLINE PROGRAM DEVELOPM	$150,458	$150,458
REPAIRS AND MAINTENANCE	$89,329		$89,329
EQUIPMENT	$45,992	$45,992
MISCELLANEOUS	$27,538	$15,146	$12,392

All Other Expenses AllOtherExpensesGrp

Field	Value	IRS element (for citing)
Total	$41,191	TotalAmt
Program Services	$19,854	ProgramServicesAmt
Management And General	$21,337	ManagementAndGeneralAmt

Total Functional Expenses TotalFunctionalExpensesGrp

Field	Value	IRS element (for citing)
Total	$2,285,507	TotalAmt
Program Services	$1,383,977	ProgramServicesAmt
Management And General	$833,397	ManagementAndGeneralAmt
Fundraising	$68,133	FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

Field	Value	IRS element (for citing)
EOY	$268,393	EOYAmt

Accounts Receivable AccountsReceivableGrp

Field	Value	IRS element (for citing)
EOY	$41,729	EOYAmt

Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp

Field	Value	IRS element (for citing)
EOY	$61,994	EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

Field	Value	IRS element (for citing)
EOY	$49,345	EOYAmt

Field	Value	IRS element (for citing)
Land Bldg Equip Cost Or Other Bss	$3,647,483	LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec	$2,097,879	LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

Field	Value	IRS element (for citing)
BOY	$0	BOYAmt
EOY	$1,549,604	EOYAmt

Investments Other Securities InvestmentsOtherSecuritiesGrp

Field	Value	IRS element (for citing)
EOY	$9,143	EOYAmt

Investments Program Related InvestmentsProgramRelatedGrp

Field	Value	IRS element (for citing)
EOY	$1,210,756	EOYAmt

Other Assets Total OtherAssetsTotalGrp

Field	Value	IRS element (for citing)
BOY	$3,115,115	BOYAmt
EOY	$0	EOYAmt

Total Assets TotalAssetsGrp

Field	Value	IRS element (for citing)
BOY	$3,115,115	BOYAmt
EOY	$3,190,964	EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

Field	Value	IRS element (for citing)
EOY	$56,995	EOYAmt

Deferred Revenue DeferredRevenueGrp

Field	Value	IRS element (for citing)
EOY	$11,435	EOYAmt

Other Liabilities OtherLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$305,081	BOYAmt
EOY	$650,000	EOYAmt

Total Liabilities TotalLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$305,081	BOYAmt
EOY	$718,430	EOYAmt

Field	Value	IRS element (for citing)
Organization Follows SFAS117	Yes (X)	OrganizationFollowsSFAS117Ind

Unrestricted Net Assets UnrestrictedNetAssetsGrp

Field	Value	IRS element (for citing)
BOY	$1,559,158	BOYAmt
EOY	$1,244,756	EOYAmt

Temporarily Rstr Net Assets TemporarilyRstrNetAssetsGrp

Field	Value	IRS element (for citing)
BOY	$78,486	BOYAmt
EOY	$71,554	EOYAmt

Permanently Rstr Net Assets PermanentlyRstrNetAssetsGrp

Field	Value	IRS element (for citing)
BOY	$1,172,390	BOYAmt
EOY	$1,156,224	EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$2,810,034	BOYAmt
EOY	$2,472,534	EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$3,115,115	BOYAmt
EOY	$3,190,964	EOYAmt

Field	Value	IRS element (for citing)
Info In Schedule O Part XI	Yes (X)	InfoInScheduleOPartXIInd
Reconcilation Revenue Expnss	-$300,798	ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst	-$20,032	NetUnrlzdGainsLossesInvstAmt
Other Changes In Net Assets	-$16,670	OtherChangesInNetAssetsAmt
Method Of Accounting Accrual	Yes (X)	MethodOfAccountingAccrualInd
Accountant Compile Or Review	0	AccountantCompileOrReviewInd
FS Audited	Yes (1)	FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

Field	Value	IRS element (for citing)
Separate Basis Fincl Stmt	Yes (X)	SeparateBasisFinclStmtInd

Field	Value	IRS element (for citing)
Audit Committee	Yes (1)	AuditCommitteeInd
Federal Grant Audit Required	Yes (1)	FederalGrantAuditRequiredInd
Federal Grant Audit Performed	Yes (1)	FederalGrantAuditPerformedInd

Schedule A IRS990ScheduleA

Field	Value	IRS element (for citing)
School	Yes (X)	SchoolInd

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

Field	Value	IRS element (for citing)
Contributor	RESTRICTED	ContributorNum

Contributor Business Name ContributorBusinessName

Field	Value	IRS element (for citing)
Business Name Line1	RESTRICTED	BusinessNameLine1

Contributor US Address ContributorUSAddress

Field	Value	IRS element (for citing)
Address Line1	RESTRICTED	AddressLine1
Address Line2	RESTRICTED	AddressLine2
City	RESTRICTED	City
State	RESTRICTED	State
ZIP Code	RESTRICTED	ZIPCode

Field	Value	IRS element (for citing)
Total Contributions	RESTRICTED	TotalContributionsAmt

Schedule D IRS990ScheduleD

CY Endwmt Fund CYEndwmtFundGrp

Field	Value	IRS element (for citing)
Beginning Year Balance	$1,180,638	BeginningYearBalanceAmt
Investment Earnings Or Losses	$3,338	InvestmentEarningsOrLossesAmt
Other Expenditures	$34,375	OtherExpendituresAmt
End Year Balance	$1,149,601	EndYearBalanceAmt

Field	Value	IRS element (for citing)
Prmnnt Endowment Balance EOY	0.97000	PrmnntEndowmentBalanceEOYPct
Term Endowment Balance EOY	0.03000	TermEndowmentBalanceEOYPct
Endowments Held Unrelated Org	0	EndowmentsHeldUnrelatedOrgInd
Endowments Held Related Org	0	EndowmentsHeldRelatedOrgInd

Land LandGrp

Field	Value	IRS element (for citing)
Investment Cost Or Other Basis	$741,910	InvestmentCostOrOtherBasisAmt
Book Value	$741,910	BookValueAmt

Buildings BuildingsGrp

Field	Value	IRS element (for citing)
Investment Cost Or Other Basis	$1,732,863	InvestmentCostOrOtherBasisAmt
Depreciation	$1,140,085	DepreciationAmt
Book Value	$592,778	BookValueAmt

Leasehold Improvements LeaseholdImprovementsGrp

Field	Value	IRS element (for citing)
Investment Cost Or Other Basis	$497,071	InvestmentCostOrOtherBasisAmt
Depreciation	$370,834	DepreciationAmt
Book Value	$126,237	BookValueAmt

Equipment EquipmentGrp

Field	Value	IRS element (for citing)
Investment Cost Or Other Basis	$448,844	InvestmentCostOrOtherBasisAmt
Depreciation	$397,499	DepreciationAmt
Book Value	$51,345	BookValueAmt

Other Land Buildings OtherLandBuildingsGrp

Field	Value	IRS element (for citing)
Investment Cost Or Other Basis	$226,795	InvestmentCostOrOtherBasisAmt
Depreciation	$189,461	DepreciationAmt
Book Value	$37,334	BookValueAmt

Field	Value	IRS element (for citing)
Total Book Value Land Buildings	$1,549,604	TotalBookValueLandBuildingsAmt

Invst Program Related Org InvstProgramRelatedOrgGrp (3 entries)

DescDesc	Book ValueBookValueAmt	Method ValuationMethodValuationCd
MUTUTAL FUNDS	$713,704	F
EQUITY SECURITIES	$256,935	F
MONEY MARKET ACCOUNTS	$240,117	F

Field	Value	IRS element (for citing)
Total Book Value Program Rltd	$1,210,756	TotalBookValueProgramRltdAmt

Other Liabilities Org OtherLiabilitiesOrgGrp

Field	Value	IRS element (for citing)
Desc	NOTE PAYABLE	Desc
Amt	$650,000	Amt

Field	Value	IRS element (for citing)
Total Liability	$650,000	TotalLiabilityAmt
Footnote Text	Yes (X)	FootnoteTextInd
Total Rev Etc Audited Fincl Stmt	$1,948,007	TotalRevEtcAuditedFinclStmtAmt
Net Unrealized Gains Invst	-$20,032	NetUnrealizedGainsInvstAmt
Other Revenue	-$16,670	OtherRevenueAmt
Revenue Not Reported	-$36,702	RevenueNotReportedAmt
Revenue Subtotal	$1,984,709	RevenueSubtotalAmt
Revenue Not Reported Fincl Stmt	$0	RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990	$1,984,709	TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt	$2,285,507	TotExpnsEtcAuditedFinclStmtAmt
Expenses Not Reported	$0	ExpensesNotReportedAmt
Expenses Subtotal	$2,285,507	ExpensesSubtotalAmt
Expenses Not Rpt Fincl Stmt	$0	ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990	$2,285,507	TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail (3 entries)

Form And Line ReferenceFormAndLineReferenceDesc	ExplanationExplanationTxt
PART X, LINE 2:	IT IS THE UNIVERSITY'S POLICY TO EVALUATE ALL SIGNIFICANT TAX POSITIONS TO IDENTIFY ANY THAT MAY BE CONSIDERED UNCERTAIN. ALL IDENTIFIED MATERIAL TAX POSITIONS ARE ASSESSED AND MEASURED BY A "MORE-LIKELY-THAN-NOT" THRESHOLD TO DETERMINE IF THE TAX POSITION IS UNCERTAIN AND WHAT, IF ANY, THE EFFECT OF THE UNCERTAIN TAX POSITION MAY HAVE ON THE FINANCIAL STATEMENTS. NO MATERIAL UNCERTAIN TAX POSITIONS WERE IDENTIFIED FOR 2015 AND 2014. CURRENTLY, THE STATUTE OF LIMITATIONS REMAINS OPEN SUBSEQUENT TO AND INCLUDING THE YEAR ENDED JUNE 30, 2012; HOWEVER, NO EXAMINATIONS ARE IN PROCESS.
PART XI, LINE 2D - OTHER ADJUSTMENTS:	INTEREST AND DIVIDENDS ON PERMANENTLY RESTRICTED NET ASSETS 15,051. LOSS ON DISPOSAL OF LIBRARY BOOKS -31,721.
SCHEDULE D PART X OTHER LIABILITIES	IN JUNE 2015, THE UNIVERSITY ENTERED INTO A LONG-TERM NOTE PAYABLE WITH A LOCAL BANK WITH A PRINCIPAL BALANCE OF $650,000.

Schedule E IRS990ScheduleE

Field	Value	IRS element (for citing)
Nondiscriminatory Policy Stmt	Yes (1)	NondiscriminatoryPolicyStmtInd
Policy Stmt In Brochures Etc	Yes (1)	PolicyStmtInBrochuresEtcInd
Plcy Pblczd Via Broadcast Media	Yes (1)	PlcyPblczdViaBroadcastMediaInd
Maintain Racial Comp Recs	Yes (1)	MaintainRacialCompRecsInd
Maintain Scholarships Recs	Yes (1)	MaintainScholarshipsRecsInd
Maintain Cpy Of Brochures Etc	Yes (1)	MaintainCpyOfBrochuresEtcInd
Maintain Cpy Of All Sol	Yes (1)	MaintainCpyOfAllSolInd
Discriminate Race Stdnts Rghts	0	DiscriminateRaceStdntsRghtsInd
Discriminate Race Admiss Plcy	0	DiscriminateRaceAdmissPlcyInd
Discriminate Race Emplm Fculty	0	DiscriminateRaceEmplmFcultyInd
Discriminate Race Schs	0	DiscriminateRaceSchsInd
Discriminate Race Educ Plcy	0	DiscriminateRaceEducPlcyInd
Discriminate Race Use Of Fclts	0	DiscriminateRaceUseOfFcltsInd
Discriminate Race Athlt Prog	0	DiscriminateRaceAthltProgInd
Discriminate Race Other Acty	0	DiscriminateRaceOtherActyInd
Government Financial Aid Rcvd	Yes (1)	GovernmentFinancialAidRcvdInd
Government Financial Aid Rvkd	0	GovernmentFinancialAidRvkdInd
Compliance With Rev Proc7550	Yes (1)	ComplianceWithRevProc7550Ind

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDesc	ExplanationExplanationTxt
SCHEDULE E, PART I, LINE 3	ALL SOLICITATION MATERIALS DIRECT INTERESTED INDIVIDUALS TO THE SCHOOLS' WEBSITE WHERE THE NONDISCRIMINATION POLICY IS POSTED.
SCHEDULE E, PART I, LINE 6	LAUREL UNIVERSITY RECEIVES FINANCIAL ASSISTANCE FROM THE US DEPARTMENT OF EDUCATION. THE UNIVERSITY RECEIVES SCHOLARSHIP AND STUDENT AID DOLLARS ON BEHALF OF THE STUDENTS ENROLLED. THE FINANCIAL AID AND GRANT DOLLARS PROVIDED BY THE FEDERAL GOVERNMENT ARE PASSED THROUGH TO THE STUDENTS.

Schedule I IRS990ScheduleI

Field	Value	IRS element (for citing)
Grant Records Maintained	0	GrantRecordsMaintainedInd

Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp

Field	Value	IRS element (for citing)
Grant Type	VARIOUS ATHLETIC, ACADEMIC AND LEADERSHIP SCHOLARSHIPS	GrantTypeTxt
Recipient	75	RecipientCnt
Non Cash Assistance	$237,778	NonCashAssistanceAmt
Valuation Method Used	SCHOLARSHIP VALUE BASED ON TUITION PRICES	ValuationMethodUsedDesc
Non Cash Assistance	VARIOUS ATHLETIC, ACADEMIC AND LEADERSHIP SCHOLARSHIPS	NonCashAssistanceDesc

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (4 entries)

Form And Line ReferenceFormAndLineReferenceDesc	ExplanationExplanationTxt
FORM 990, PART VI, SECTION B, LINE 11	THE 990 IS REVIEWED BY THE FINANCE COMMITTEE PRIOR TO FILING.
FORM 990, PART VI, SECTION B, LINE 12C	THE ORGANIZATION MONITORS COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY THROUGH BOARD REVIEW.
FORM 990, PART VI, SECTION C, LINE 19	THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
FORM 990, PART XI, LINE 9:	INTEREST AND DIVIDENDS ON LONG TERM INVESTMENTS 15,051. LOSS ON DISPOSAL -31,721.