2016-05-13T12:47:39-07:00 2015-06-30 990 2014-07-01 541061178 REGENT UNIVERSITY REGE 7573524050 1000 Regent University Drive Virginia Beach VA 23464 Dean Wooten VP of Finance 7573524050 2016-05-12 2014 2016-08-17 19:52:53Z Dean Wooten 1000 Regent University Drive Virginia Beach VA 23464 180061017 0 X www.regent.edu X Educational 1977 VA Regent University serves as a center of Christian thought and action to provide excellent education through a Biblical perspective and global context equipping Christian leaders to change the world 20 17 1610 8 10188292 -2832146 2182880 2525161 83591567 86849821 -1721248 2007074 10300002 10558855 94353201 101940911 18264818 17714502 0 0 54317859 55601791 0 0 4242991 43634143 49880971 116216820 123197264 -21863619 -21256353 277592842 252684319 132840809 132440257 144752033 120244062 Regent University serves as a center of Christian thought and action to provide excellent education through a Biblical perspective and global context equipping Christian leaders to change the world. 0 0 95205085 17714501 86849822 Instruction - Schools of Communication & the Arts, Business & Leadership, Education, Psychology & Counseling, Divinity, Law, Government and College of Arts and Sciences. Includes Academic Support, Student Services, Scholarships, Auxiliaries & Academic Affairs. 944 Graduate degrees and 491 Undergraduate degrees were awarded in 2014-2015. (7,468 students) 9074174 0 10175631 Hospitality Services - Hotel and conference center providing conference services, food and beverage services, banquets and other various hospitality services. 0 0 0 104279259 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 1 0 1 1 0 1 0 1 0 0 0 0 1 1 1 1 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 1 1 1 0 0 1 8209 0 1 1610 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 20 17 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 AK KY MD NH NY OH OK VA WA X Regent University Business Office 7573524050 1000 Regent University Dr Virginia Beach VA 23464 G Michael Carter Board Member 1 25 X 0 130295 0 Chauncey W Crandall Board Member 1 0 X 0 0 0 Michael J Cummins Board Member 1 0 X 0 0 0 James M Gregory Board Member 1 0 X 0 0 0 Harry R Jackson Jr Board Member 1 0 X 0 0 0 Kay Peng Khoo Board Member 1 0 X 0 0 0 Thomas J Knox Jr Board Member 1 0 X 0 0 0 Robert E Levy Board Member 1 0 X 0 0 0 Charlie Lewis Board Member 1 0 X 0 0 0 Howard W Long Board Member 1 0 X 0 0 0 David Melilli Board Member 1 0 X 0 0 0 G Conoly Phillips Board Member 1 0 X 0 0 0 AE Dede Robertson Board Member 1 2 X 0 0 0 M G Robertson Chancellor-CEO 20 20 X X 3233 25795 164019 Jay A Sekulow Board Member 1 0 X 0 0 0 Daniel C Sellers Jr Board Member 1 0 X 0 0 0 Magda Serrano Board Member 1 0 X 0 0 0 Robert O Snelling Sr Board Member 1 0 X 0 0 0 Phillip D Walker Board Member 1 0 X 0 0 0 Jennifer Whitelaw Board Member 1 0 X 0 0 0 Louis A Isakoff Vice President and General Counsel 40 0 X 300966 0 42210 Gerson Riano-Moreno Executive Vice President for Academic Affairs 40 0 X 203966 0 32474 Ann R LeBlanc Vice President for Advancement 40 0 X 203666 0 34143 Paul Bonicelli Executive Vice President 40 0 X 202921 0 24809 Martha J Smith Vice President for Human Resources 40 0 X 180981 0 28773 Sherry R Miller Vice President for Univ Marketing & Public Relations 40 0 X 177842 0 21583 Dean A Wooten Vice President for Finance 40 0 X 148107 0 30748 Joseph Umidi Executive Vice President for Student Life 40 0 X 85338 0 22194 Jeffrey A Brauch Dean - Law School 40 0 X 253244 0 36896 Lynne Kohm Professor - Law - 40 40 0 X 180965 0 32454 Douglas H Cook Professor - Law School 40 0 X 185236 0 28971 John E Mulford Director - Center for Entrepreneurship 40 0 X 182670 0 32628 James Duane Professor - Law - 40 40 0 X 175046 0 18900 Tracy R Gregorio Vice President for Enrollment Mgmt & IT 0 0 X 217559 0 26385 Carlos A Campo Former President 0 0 X 312601 0 38846 3014341 156090 616033 70 1 1 0 Keypath Education Inc 220 North Smith Street Palatine IL 60067 Advertising & Marketing Consultants 9137332 Christian Broadcasting Network 977 Centerville Turnpike Virginia Beach VA 23464 Facility Services 3254703 Tocquigny Design Inc 401 Congress Ave Austin TX 78701 Advertising and Marketing Consultants 953386 Royall and Company 1920 E Parham Rd Richmond VA 23228 Advertising and Marketing Consultants 695647 WRAL-TV 2619 Western Boulevard Raleigh NC 27606 Advertising - Television Services 374663 32 0 0 0 0 200723 2324438 12124 2525161 Tuition and Fees 611310 80419783 80419783 0 0 Sales & Services - Auxiliary 611710 5182727 5182727 0 0 Sales & Services - Educational 611710 21482 21482 0 0 Miscellaneous Educational Revenue 611710 1225829 1225829 0 0 0 0 0 0 86849821 6666693 0 253634 6413059 207337 0 0 207337 138466 0 0 138466 20234 350 0 0 20234 350 20584 0 19079 1505 73253150 0 78120106 0 -4866956 0 -4866956 0 -484226 -4382730 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Hotel Services 721110 4954367 0 4954367 0 Food & Beverage (Caterers) 722320 5221264 0 5221264 0 Bookstore Commissions 451211 224174 0 224174 0 0 0 0 0 10399805 101940911 86849821 10188292 2377637 42000 42000 17649762 17649762 22740 22740 0 0 1637583 279341 1113336 244906 0 0 0 0 42777772 35197322 6086167 1494283 1613935 1233205 316864 63866 6833187 7275653 -957596 515130 2739314 2218028 399035 122251 146904 0 146904 0 96910 19389 77444 77 127800 0 127800 0 0 0 0 0 0 0 0 0 0 0 4597307 2675900 1182060 739347 15729004 15090085 603988 34931 2426050 1615922 264317 545811 2273045 1011553 1261106 386 19409 19409 0 0 10629555 10091032 488529 49994 1518650 1103476 174814 240360 0 0 0 0 63238 56709 4849 1680 292072 262342 29730 0 0 0 0 0 5393562 4681066 677883 34613 506891 38945 465705 2241 Hotel Services and Support 2325508 2050337 275171 0 Repairs & Maintenance of Equipment 1538582 804705 732351 1526 Hospitality & Restrictions Relieved 650117 334851 173403 141863 Bad Debt Expense 271280 264982 6298 0 1275087 240505 1024856 9726 123197264 104279259 14675014 4242991 85435 96714 3377788 2356326 237869 124804 1277318 4521275 4276000 3976000 0 0 406837 79848 1503963 979139 215260223 107200177 111135680 108060046 73314152 89105167 71820600 32291000 10157200 11094000 0 0 0 0 277592842 252684319 9991100 9987323 0 0 817575 997656 87668904 87092048 0 0 0 0 33975980 33975980 0 0 387250 387250 132840809 132440257 X 119332711 95019655 4403694 4116011 21015628 21108396 144752033 120244062 277592842 252684319 X -21256353 0 0 0 0 -3251618 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 149612000 249000 363000 0 21500000 0 128724000 156570000 170000 11938000 0 19066000 0 149612000 170064000 362000 11644000 0 25500000 0 156570000 188985000 343000 -9264000 0 10000000 0 170064000 170494000 770000 28221000 0 10500000 0 188985000 0.81 0.16 0.03 0 0 0 8277883 8277883 0 127737599 42742409 84995190 0 1684145 1541279 142866 0 75565561 62916489 12649072 0 1995035 0 1995035 108060046 0 0 Venture Capital 13852000 F Hedge Funds 16783000 F Real Estate 1194000 F Commodities 462000 F 32291000 0 Bond Rebate Fund 387250 387250 X 83985000 -1323857 0 0 385240 -938617 84923617 0 17017294 17017294 101940911 111785000 0 0 0 6232000 6232000 105553000 0 17644264 17644264 123197264 Schedule D, Part V, Line 4 The University's endowment consists of approximately 115 individual funds established for a variety of purposes all relating to the University's overall exempt purpose of educating students. Schedule D, Part X, Line 2 Regent University does not believe its consolidated financial statements include any uncertain tax positions. Schedule D, Part XI, Line 2d Subtract $1,688,000 revenue from Frio Energy which is reflected on a separate tax return. Add back $1,300,000 which is the change in gain or loss to Frio Energy which is reflected on a separate tax return. Add $2,760 for rounding. Schedule D, Part XI, Line 4b Add institutional scholarships of $17,017,294 which are included in expenses for the 990. Schedule D, Part XII, Line 2d Subtract $6,232,000 which is the change in loss attributable to Frio Energy which is reflected on a separate tax return. Schedule D, Part XII, Line 4b Add institutional scholarships of $17,017,294 which are included in expenses for the 990. Add back $625,000 for Henrico, Inc. This amount is reflected on a separate 990 tax return. Add $1,970 for rounding. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 Schedule E, Part I, Line 3 Advertisements soliciting registration of new students include a summary statement of the non-discriminatory policy of the University. 1 Europe (including Iceland and Greenland) 0 0 Program Services Study Abroad programs 80801 0 0 80801 Internship grants. East Asia and the Pacific 9 20450 Wire transfer 0 Internship grants. Sub-Saharan Africa 1 2290 Wire transfer 0 0 0 0 0 0 0 Schedule F, Part I, Line 2 Regent University may fund international grants in accordance with its tax exempt purpose. Regent University will document reasons a grantee is eligible to receive said grant. Grantees will agree to report a financial accounting of the use of the funds and a description of the results obtained from their grant. Regent University will monitor its international grants through reviewing written reports from grantees on the use of the funds, visits by personnel to selected projects funded by the grants or personal knowledge by Regent University personnel of the grantee's use of the funds. 1 Calvary International PO BOx 10305 Jacksonville FL 32247 592142637 501(c)(3) 42000 0 FMV Contribution to support persons who travel and promote Business Development Centers in Rwanda and Uganda in association with Regent's Center for Entrepreneurship. 1 0 Scholarships for students at Regent University. 4908 17506483 0 Cash Stipends given to student interns working with legal organizations combatting human sex trafficking and other human rights issues. 61 70124 0 Various cash stipends given to students from restricted funds for specific student groups. 135 73155 0 Schedule I, Part I, Line 2 The University awards financial aid to students based on certain eligibility requirements. The University's financial aid package is on file at the University and is available upon request. X X 1 1 X X X 0 0 0 0 0 0 0 0 0 Louis A Isakoff Vice President and General Counsel 300966 0 0 0 0 0 12024 0 30186 0 343176 0 0 0 Gerson Riano-Moreno Executive Vice President for Academic Affairs 167092 0 36873 0 0 0 6870 0 25604 0 236439 0 0 0 Ann R LeBlanc Vice President for Advancement 203666 0 0 0 0 0 8405 0 25739 0 237810 0 0 0 Paul Bonicelli Executive Vice President 202921 0 0 0 0 0 8195 0 16614 0 227730 0 0 0 Martha J Smith Vice President for Human Resources 155228 0 22124 0 3630 0 6178 0 22595 0 209755 0 0 0 Sherry R Miller Vice President for Univ Marketing & Public Relations 140469 0 37373 0 0 0 5705 0 15878 0 199425 0 0 0 Dean A Wooten Vice President for Finance 148107 0 0 0 0 0 6178 0 24570 0 178855 0 0 0 Joseph Umidi Executive Vice President for Student Life 85338 0 0 0 0 0 4794 0 17400 0 107532 0 0 0 Jeffrey A Brauch Dean - Law School 253244 0 0 0 0 0 10152 0 26743 0 290139 0 0 0 Lynne Kohm Professor - Law - 40 167465 0 0 0 13500 0 7100 0 25353 0 213418 0 0 0 Douglas H Cook Professor - Law School 185236 0 0 0 0 0 7054 0 21917 0 214207 0 0 0 John E Mulford Director - Center for Entrepreneurship 185670 0 0 0 0 0 7418 0 25211 0 218299 0 0 0 James Duane Professor - Law - 40 175046 0 0 0 0 0 6605 0 12295 0 193946 0 0 0 Carlos A Campo Former President 312601 0 0 0 0 0 12240 0 26606 0 351447 0 0 0 Tracy R Gregorio Vice President for Enrollment Mgmt & IT 217559 0 0 0 0 0 6643 0 19742 0 243944 0 0 0 M G Robertson Chancellor-CEO 0 0 0 0 3233 25795 0 0 69402 94617 72635 120412 0 0 Schedule J, Part I, Line 1a First class or charter travel: To facilitate its 24 hour security coverage for Dr. Robertson, Regent University provides charter air service for his business and personal flights. The University reports the taxable income for Dr. Robertson's personal flights on his form 1099. It uses the Standard Industry Fare Level (SIFL) method as allowed under IRS rules to value personal flights. Travel for Companions: Regent University may provide companion air travel for Dr. Robertson or its officers, directors and key employees when their families are required to travel for business purposes. A Virginia College Building Activity 541249154 927781BS2 2006-08-09 99473248 Refunding of existing bonds (June 01) and construction of dorms 0 0 0 A 0 8400000 99473248 8544084 0 66845955 1142743 0 0 22970466 0 0 2007 0 1 1 1 A 0 0 1 1 0 0.01 0 0.01 0 0 0 A 1 0 0 1 Wachovia Bank NA 30 1 0 0 Robertson Charitable Remainder Trust Founder/CEO Working Capital X 6000000 3976000 0 1 1 3976000 Form 990, Part VI, Section A, Line 2 Jay Sekelow, board member, works for an organization founded by MG Pat Robertson, Chancellor and CEO of Regent University. AE Dede Robertson, board member, is married to MG Pat Robertson, Chancellor and CEO of Regent University. Ann LeBlanc serves as Vice President of Advancement for Regent University and is the daughter of MG Pat Robertson, and AE Dede Robertson. Form 990, Part VI, Section B, Line 11b The 990 is reviewed by the Audit Committee and sent as a PDF file to all board members for their review before it is filed with the IRS. Form 990, Part VI, Section B, Line 12c The conflict of interest policy is regularly reviewed and consulted. The University requires its officers, directors, trustees and key employees to complete a conflict of interest questionnaire and statement on a regular basis. Form 990, Part VI, Section B, Line 15 Regent University regularly reviews the compensation of its officers and vice presidents to determine whether compensation is reasonable compared to similar positions of responsibility at other institutions. The Compensation Committee of the Board of Trustees (in the absence of the Compensation Committee, the Audit Committee will assume this role) will periodically conduct an independent review of compensation which includes the President, all officers and vice presidents. This process includes securing comparable compensation data from an independent source, reviewing the data to ensure that the compensation is reasonable and contemporaneous substantiation of the deliberation and decision making process. Furthermore, when Regent University hires a new officer or vice president, it will ensure that the compensation is reasonable compared to similar positions of responsibility at other institutions. Form 990, Part VI, Section C, Line 19 All governing documents, the conflict of interest policy, audited financial statements and the 990 tax return for the University are all available upon request. Form 990, Part XI, Line 9 Subtract $3,251,618 for loss on Frio Energy. This is included in audit as part of Regent University endowment but reflected on a separate tax return for Frio Energy. Founders Conference Center LLC 1000 Regent University Dr Virginia Beach VA 23464 541992893 Hospitality Services VA 10740000 4945000 Regent University Regent University Foundation 1000 Regent University Dr Virginia Beach VA 23464 204273074 Support Regent University VA 501(c)3 5 Regent University 1 Henrico Inc 1000 Regent University Dr Virginia Beach VA 23464 541998119 Title Holding Co VA 501(c)2 Regent University 1 The Christian Broadcasting Network Inc 977 Centerville Turnpike Virginia Beach VA 23464 540678752 Broadcasting VA 501(c)(3) N/A 0 Frio Energy Inc 977 Centerville Turnpike Virginia Beach VA 23463 611693385 Oil and Gas production NV Regent University C 1 1 0 1 0 0 0 0 0 0 0 1 0 0 0 0 0 1 0 0 0 Henrico Inc j 1100000 FMV Henrico Inc p 1100000 FMV Regent University Foundation b 440000 FMV Frio Energy Inc d 7113000 FMV Extension for filing until May 15, 2016 was approved by IRS.