2015-05-14T11:30:41-07:00 2014-06-30 990 2013-07-01 541061178 REGENT UNIVERSITY REGE 7573524050 1000 Regent University Drive Virginia Beach VA 23464 Dean Wooten VP of Finance 7573524050 2015-05-14 2013 2016-02-25 16:41:14Z Dean Wooten 1000 Regent University Dr Virginia Beach VA 23464 191288242 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 22 19 1587 89 8839840 -3740140 3303174 2182880 84467600 83591567 14634441 -1721248 8939475 10300002 111344690 94353201 18382315 18264818 0 0 54910643 54317859 0 0 3465313 39976182 43634143 113269140 116216820 -1924450 -21863619 293912838 277592842 133505198 132840809 160407640 144752033 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 89832960 18264818 83591567 Instruction - Schools of Communication & the Arts, School of Business & Leadership, Education, Psychology & Counseling, Divinity, Law, Government and College of Arts and Sciences. Includes Academic Support, Student Services, Scholarships, Auxiliaries & Academic Affairs. 1003 Graduate degrees and 456 Undergraduate degrees were awarded in 2013-2014. (6158 students) 9138248 0 9544580 Hospitality Services - Hotel and conference center providing conference services, food and beverage services, banquets and other various hospitality services. 0 0 0 98971208 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 1 0 1 1 1 1 1 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 7936 0 1 1587 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 22 19 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 20 X 0 134720 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 Michael D Little Board Member 1 50 X 0 341629 18804 Howard W Long Board Member 1 0 X 0 0 0 William L Maynard Esq 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 15 X X 2995 21934 116664 Jay A Sekulow Board Member 1 0 X 0 0 0 Daniel C Sellers Jr Board Member 1 0 X 0 0 0 Robert O Snelling Sr Board Member 1 0 X 0 0 0 Andrew J Waites Board Member 1 0 X 0 0 0 Jennifer Whitelaw Board Member 1 0 X 0 0 0 Phillip D Walker Board Member 1 0 X 0 0 0 Louis A Isakoff Vice President and General Counsel 40 0 X 294528 0 40414 Tracy R Gregorio Vice President for Enrollment Mgmt & IT 40 0 X 203443 0 36624 Ann R LeBlanc Vice President for Advancement 40 0 X 197937 0 32786 Paul Bonicelli Executive Vice President 40 0 X 193403 0 23658 Martha J Smith Vice President for Human Resources 40 0 X 166618 0 27193 Dean A Wooten Vice President for Finance 40 0 X 145196 0 29256 Sherry R Miller Vice President for Univ Marketing & Public Relations 40 0 X 136111 0 20135 Carlos A Campo President through 9-3-13 40.00 0 X 227264 0 122367 Jeffrey A Brauch Dean - Law School 40 0 X 246403 0 35261 John E Mulford Director - Center for Entrepreneurship 40 0 X 182380 0 31229 Douglas H Cook Professor - Law School 40 0 X 175877 0 36348 Charles J Oates Professor - Law School 40 0 X 167856 0 9483 Bruce E Winston Professor - School of Business and Leadership 40 0 X 167571 0 27481 2507582 498283 607703 60 0 1 0 Clancy & Theys Construction Corp 516 West Cabarrus Raleigh NC 27603 Construction Svcs 657648 Tocquigny Design Inc 401 Congress Ave Austin TX 78701 Marketing-Advertising Svcs 4622585 Christian Broadcasting Network 977 Centerville Turnpike Virginia Beach VA 23464 Facility Services 3256402 Royall and Company 1920 E Parham Rd Richmond VA 23228 Mktg-Advertising Consultants 581855 Moses Inc 20 W Jackson St Phoenix AZ 85003 Mktg-Advertising Consultants 3035536 14 0 0 0 0 183235 1999645 0 2182880 Tuition and Fees 611310 77642358 77642358 0 0 Sales & Services - Auxiliary 611710 4883921 4883921 0 0 Miscellaneous Educational Revenue 611710 1035823 1035823 0 0 Sales & Services - Educational 611710 29465 29465 0 0 0 0 0 0 83591567 4004987 0 222925 3782062 219186 0 0 219186 514911 0 0 514911 16758 9415 0 0 16758 9415 26173 0 25553 620 90989620 0 96935041 0 -5945421 0 -5945421 0 -1167556 -4777865 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Hotel Services 721110 4617456 0 4617456 0 Food & Beverage (Caterers) 722320 4927125 0 4927125 0 Bookstore Commissions 451211 214337 0 214337 0 0 0 0 0 9758918 94353201 83591567 8839840 -261086 42000 42000 18190928 18190928 31890 31890 0 0 1582428 345208 993418 243802 0 0 0 0 41353309 34115360 5912466 1325483 1666667 1280673 323902 62092 6966120 6888462 -274996 352654 2749335 2239192 394266 115877 252719 0 252719 0 259397 40319 216877 2201 149500 0 149500 0 0 0 0 0 0 0 0 0 0 0 4760856 3367761 906893 486202 9722350 9125083 569329 27938 2583720 1832387 363147 388186 1803742 949402 854340 0 14097 14097 0 0 10924586 10267234 604928 52424 1632526 1220838 132394 279294 0 0 0 0 61512 57344 3347 821 258657 232008 26624 25 0 0 0 0 5514805 4825517 653458 35830 485545 38184 445254 2107 Hotel Services and Support 2263631 2084226 179405 0 Repairs & Maintenance of Equipment 1412823 793444 618743 636 Hospitality & Restrictions Relieved 558022 471732 6356 79934 Bad Debt 325276 296804 28472 0 650379 221115 419457 9807 116216820 98971208 13780299 3465313 48096 85435 3103000 3377788 587273 237869 1476000 1277318 4576000 4276000 0 0 418517 406837 1590881 1503963 212994671 101858991 113724774 111135680 76255323 73314152 81987459 71820600 10145515 10157200 0 0 0 0 293912838 277592842 10236491 9991100 0 0 686071 817575 88220858 87668904 0 0 0 0 33974528 33975980 0 387250 387250 133505198 132840809 X 135826340 119332711 4052947 4403694 20528353 21015628 160407640 144752033 293912838 277592842 X -21863619 0 0 0 0 6208012 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 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 188110000 331000 -2947000 0 15000000 0 170494000 0.85 0.13 0.02 0 0 0 8277883 8277883 0 127721472 39739210 87982262 0 1603265 1533279 69986 0 73344640 60586502 12758138 0 2047411 0 2047411 111135680 Venture Capital 29441200 F Hedge Funds 14910200 F Notes Receivable 12860000 F Real Estate Investment Trusts 8529200 F Commodities 6080000 F 71820600 0 Bond Rebate Fund 387250 387250 X 92717000 13527714 0 0 2552148 16079862 76637138 0 17716063 17716063 94353201 100282000 0 0 0 2553000 2553000 97729000 0 18487820 18487820 116216820 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 1,318,000 for Frio Energy which is reflected on a separate tax return. Subtract 1,235,572 for the change in gain or loss attributable to Frio Energy which is reflected on a separate tax return. Add 1,421 for rounding. Schedule D, Part XI, Line 4b Add institutional scholarships of $17,716,063 which are included in expenses for the 990. Schedule D, Part XII, Line 2d Add back expenses for Frio Energy. These are reflected on a separate tax return. Schedule D, Part XII, Line 4b Add back 766,000 for Henrico, Inc. These are reflected on a separate 990 tax return. Add institutional scholarships of 17,716,063. These are reflected as expenses on the 990. Add 5,761 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 103765 0 0 103765 Sub-Saharan Africa Promote Bus Center in Rwanda - Contributions for the support of persons who travel and promote the Business Development Center in Rwanda in association with Regent's Center for Entrepreneurship. 10000 Wire Transfer 0 1 Scholarships East Asia and the Pacific 6 21890 Wire Transfer 1 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 personnel 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 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. 4437 18025704 Cash stipends given to student interns working with legal organizations combatting human sex trafficking and other human rights issues. 35 78075 Various cash stipends given to students from restricted funds for specific student groups. 155 87150 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 1 0 0 0 0 0 0 0 0 Louis A Isakoff Vice President and General Counsel 294528 0 0 0 0 0 11790 0 28624 0 334942 0 0 0 Tracy R Gregorio Vice President for Enrollment Mgmt & IT 203443 0 0 0 0 0 8242 0 28382 0 240067 0 0 0 Ann R LeBlanc Vice President for Advancement 184617 0 0 0 13320 0 8242 0 24545 0 230724 0 0 0 Paul Bonicelli Executive Vice President 193403 0 0 0 0 0 7830 0 15829 0 217062 0 0 0 Martha J Smith Vice President for Human Resources 155353 0 0 0 11265 0 6058 0 21136 0 193812 0 0 0 Dean A Wooten Vice President for Finance 145196 0 0 0 0 0 6058 0 23198 0 174452 0 0 0 Sherry R Miller Vice President for Univ Marketing & Public Relations 136111 0 0 0 0 0 5512 0 14623 0 156246 0 0 0 Jeffrey A Brauch Dean - Law School 246403 0 0 0 0 0 9955 0 25306 0 281664 0 0 0 John E Mulford Director - Center for Entrepreneurship 182380 0 0 0 0 0 7273 0 23956 0 213609 0 0 0 Douglas H Cook Professor - Law School 175877 0 0 0 0 0 6673 0 29675 0 212225 0 0 0 Charles J Oates Professor -School of Law 167856 0 0 0 0 0 0 0 9483 0 177339 0 0 0 Bruce E Winston Professor - School of Business and Leadership 167571 0 0 0 0 0 6460 0 21021 0 195052 0 0 0 Michael D Little Board Member 0 325218 0 6199 0 10212 0 0 0 18504 0 360133 0 0 Carlos A Campo President through 9-3-13 210389 0 0 0 92630 0 12240 0 34372 0 349631 0 0 0 Schedule J, Part I, Line 1a First class or charter travel: To facilitate its 24 hour security coverage of 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. Schedule J, Part I, Line 4 President Carlos Campo received a severance payment in calendar year 2013 of 75,755. 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 A 1 Robertson Charitable Remainder Trust Founder/CEO Working Capital X 6000000 4276000 0 1 1 4276000 Form 990, Part VI, Section A, Line 2 Jay Sekulow, board member, works for an organization founded by MG Pat Robertson, Chancellor and CEO of Regent University. Michael Little and Michael Carter, board members, work 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 for 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 officers, directors, trustees and key employees to complete a conflict of interest questionnaire and statement on an annual basis. Form 990, Part VI, Section B, Line 15 Regent University regularly reviews the compensation of its officers and key employees 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 Vice Presidents and key employees. 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 key employee, it will ensure that the compensation is reasonable compared with 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 $6,208,012 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 10108000 4184000 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 100 100 1 1 1 1 0 1 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 200000 FMV Frio Energy Inc b 2000000 FMV Frio Energy Inc d 7661000 FMV Extension for filing until May 15, 2015 was approved.