2015-03-11T10:27:03-05:00 2014-06-30 581729751 Metcalf Davis CPAs 3340 Peachtree Road NE Suite 2600 Atlanta GA 303261089 990 2013-07-01 580603153 Reinhardt University REIN 7707205600 7300 Reinhardt Circle Waleska GA 301835602 Robert G McKinnon VP, Finance/Administration 7707205600 2015-03-11 1 Susan Hill P00846200 4042641700 2015-03-11 2013 2016-03-07 17:11:31Z Dr J Thomas Isherwood 7300 Reinhardt Circle Waleska GA 301835602 49872855 0 X www.reinhardt.edu X 1883 GA The purpose of Reinhardt University is to provide for its students baccalaureate and graduate education at a United Methodist affiliated, coeducational university that is challenging, caring, and committed to the individual. 29 29 470 35 384 -3811 3806946 3735032 24782563 27372223 1550868 3468972 -25715 -18741 30114662 34557486 6289276 7455048 0 0 13955921 15155000 52154 0 306516 10071388 11988014 30368739 34598062 -254077 -40576 90729521 93001954 22872207 23165522 67857314 69836432 X The purpose of Reinhardt University is to provide for its students baccalaureate and graduate education at a United Methodist affiliated, coeducational university that is challenging, caring, and committed to the individual. 0 0 11180576 22029273 Instruction - Instruction and academic programs leading to bachelor's and master's level degrees for Reinhardt students. (1,371 students) 5439207 5087842 Auxiliary enterprises - Residence halls, food service, and other support for the instructional program of the University. (1,371 students) 5725263 255108 Student services - Student development, counseling, athletics, admissions, financial aid administration, records, and other support for the instructional program of the University. (1,371 students) 7455048 7455048 Financial Aid - Scholarships and other financial assistance for students attending the University. (978 students) 7455048 7455048 29800094 1 1 0 0 0 0 0 1 0 1 1 1 0 0 0 1 1 0 1 0 1 0 1 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 1 35 0 1 470 1 0 0 0 0 0 1 1 0 0 0 0 X 29 29 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 GA X Robert G McKinnon VP FinanceAdm 7707205600 7300 Reinhardt Circle Waleska GA 301835602 William G Hasty Jr Chairman 1.00 X 0 0 0 G Cecil Pruett Vice Chair 1.00 X 0 0 0 Deborah A Marlowe Secretary 1.00 X 0 0 0 Gary C Waddell Treasurer 1.00 X 0 0 0 John H Bennett Jr Trustee 1.00 X 0 0 0 Thomas A Bethel Trustee 1.00 X 0 0 0 Jesse M Black Jr Trustee 1.00 X 0 0 0 Robert E Byrd Trustee 1.00 X 0 0 0 Warren R Calvert Trustee 1.00 X 0 0 0 Thomas W Carter Trustee 1.00 X 0 0 0 Raymon H Cox Trustee 1.00 X 0 0 0 Marshall Day Sr Trustee 1.00 X 0 0 0 Sharon A Gay Trustee 1.00 X 0 0 0 James K Hasson Jr Trustee 1.00 X 0 0 0 William M Hayes Trustee 1.00 X 0 0 0 William J Hearn Jr Trustee 1.00 X 0 0 0 Phillip M Landrum III Trustee 1.00 X 0 0 0 Ben L Looper Trustee 1.00 X 0 0 0 Hon Ellen McElyea Trustee 1.00 X 0 0 0 Gin D Miller Trustee 1.00 X 0 0 0 ER Mitchell Jr Trustee 1.00 X 0 0 0 James B Mooneyhan Trustee 1.00 X 0 0 0 AR Roberts III Trustee 1.00 X 0 0 0 Nancy G Simms Trustee 1.00 X 0 0 0 Pamela J Smith Trustee 1.00 X 0 0 0 Steve L Stancil Trustee 1.00 X 0 0 0 Michael Thurmond Trustee 1.00 X 0 0 0 C Ken White Trustee 1.00 X 0 0 0 Kathy Thomas Young Trustee 1.00 X 0 0 0 Dr J Thomas Isherwood President 50.00 X 257430 0 70391 Robert G McKinnon VP, Finance/Administration 50.00 X 135410 0 8380 Dr Mark Roberts VP, Academic Administration 50.00 X 60412 0 9572 Dr Roger Lee VP, Student Affairs 50.00 X 97263 0 19804 JoEllen Wilson VP, Advancement 50.00 X 111790 0 12200 Dr Donald Wilson Dean - School of Business 40.00 X 120238 0 14848 Peter Bromstad Controller/Adjunct Professor 50.00 X 122155 0 15459 904698 0 150654 5 0 1 0 Brasfield and Gorrie 1990 Vaughn Road Suite 100 Kennesaw GA 30144 General Contracting 2795481 Sodexo Box 536922 Atlanta GA 30353 Food Services 1421076 Padgett Group 140 Mountain Brook Drive Suite 100 Canton GA 30115 Mechanical Contracting 353766 Reynolds Architects PO Box 2554 Gainesville GA 30503 Architectural Service 145614 SEI 1 Freedom Valley Drive Oaks PA 19456 Investment Advisory Fees 119500 5 131634 44862 3558536 396633 3735032 Tuition and Fees 611710 22029273 22029273 Auxiliary services 611710 5087842 5087842 Student Activities 611710 255108 255108 27372223 719274 719274 18004002 15254304 2749698 2749698 2749698 41940 131634 61065 -19125 -19125 Income (loss) from partnership 523000 384 384 384 34557486 27372223 384 3449847 7195131 7195131 259917 259917 1132488 338841 605794 187853 11426754 10098625 1328129 328308 290106 38009 193 1381579 1171686 202579 7314 885871 750319 123702 11850 3812 3812 54395 54395 211674 211674 81674 13351 66501 1822 206693 158587 48106 736911 487886 224961 24064 182496 11495 171001 1185972 1059862 126110 116268 107348 8837 83 1024436 1018034 5376 1026 949324 909495 39829 2455348 2317967 137381 428544 420534 8010 Athletic expenses 870530 870530 Repairs and maintenence 661128 661128 Equipment expense 556830 476546 80284 Building administration 333846 333846 1928133 1182706 673116 72311 34598062 29800094 4491452 306516 1868687 795574 944459 651857 946807 1184139 53298 24415 19731 19464 612323 743442 76769014 33046813 43290569 43722201 30544453 32892200 9562634 9667545 2886560 3301117 90729521 93001954 2619215 1364941 848934 925772 17460701 16729259 1771677 4145550 171680 0 22872207 23165522 X 39393580 41516841 4195875 3583876 24267859 24735715 67857314 69836432 90729521 93001954 X -40576 1666497 353197 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 225000 1415816 X X X 0 38855290 115677 4915395 2651823 41234539 37150976 124442 4235520 2655648 38855290 38875249 131391 228770 2084434 37150976 34389374 104429 6774310 2392864 38875249 33243663 57685 2865516 1777490 34389374 0.41690 0.52480 0.05830 0 0 373124 373124 67057938 24104552 42953386 849284 766584 82700 8469803 8175677 294126 18865 18865 43722201 Alternative investments 8434660 F Investments-other securities 335427 F Land held for sale 897458 F 9667545 X 28971523 1666497 353197 2019694 26951829 211674 7393983 7605657 34557486 26992405 61065 61065 26931340 211674 7455048 7666722 34598062 Part III, Line 4: The mission of the Funk Heritage Center is to tell the story of the early Appalachian Settlers and Southeastern Indians through educational programming and the collection, care and exhibition of art and artifacts. Part V, Line 4: The University's endowment consists of approximately 120 donor-restricted endowment funds established for various purposes including scholarships and financial aid, faculty and academic programs development, maintenance and general support. The endowment also includes Board designated endowment funds for various purposes such as long-term investment, special projects and growth of the quasi-endowment. Part X, Line 2: FIN 48 Footnote: The University is recognized as an organization exempt from Federal income tax under Section 501(c)(3) of the Internal Revenue Code (the "Code") whereby only unrelated business income, as defined by Section 512(a)(1) of the Code, is subject to Federal income tax. The University's policy is to record a liability for any tax position taken that is beneficial to the University, including any related interest and penalties, when it is more likely than not the position taken by management with respect to a transaction or class of transactions will be overturned by a taxing authority upon examination. Management believes there are no such positions as of June 30, 2014 and 2013 and, accordingly, no liability has been accrued. Generally taxing authorities may examine a tax return for three years from the date it is filed. At June 30, 2014, tax years ended June 30, 2011, 2012 and 2013 remain open for possible examination by taxing authorities. Part XI, Line 2d - Other Adjustments: Change in value of split interest agreement 353,197. Part XI, Line 4b - Other Adjustments: Scholarships and financial assistance 7,455,048. Special event direct expenses -61,065. Part XII, Line 2d - Other Adjustments: Special event direct expenses 61,065. Part XII, Line 4b - Other Adjustments: Scholarships and financial assistance 7,455,048. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 Schedule E, Part I, Line 3 Reinhardt University publishes a statement in the University catalog stating the University is in compliance with Title VI of the Civil Rights Act of 1964 and does not discriminate on the basis of race, color, or national origin. The University is also in compliance with Title IX of the Educational Amendments of 1972 and does not discriminate on the basis of gender. Schedule E, Part I, Line 6 Reinhardt University receives Title IV financial assistance. The University complies will all necessary regulations and disclosure requirements associated with these types of governmental assistance. 1 Central America and the Caribbean - Antigua & Barbuda, Aruba, Bahamas, 0 0 Investment 5460521 South America 0 0 Program Service Study abroad 63767 Europe (Including Iceland & Greenland) 0 0 Program Service Study abroad 60634 0 0 0 0 0 0 5584922 0 5584922 Tuition discount Europe (Including Iceland & Greenland) - 7 127967 Credit to student account FMV Tuition discount South America - Argentina, Bolivia, 6 64450 Credit to student account FMV Tuition discount North America - Canada and Mexico, but 1 20000 Credit to student account FMV Tuition discount East Asia and the Pacific - Australia, Brunei, Burma, Cambodia, 1 14000 Credit to student account FMV Tuition discount Central America and the Caribbean 3 33500 Credit to student account FMV 0 0 0 0 0 0 Part I, Line 2: The grants reported in Part III are scholarships to students. The use of scholarships is controlled by applying such amounts directly against balances owed by the student for tuition, fees and other qualifying educational expenses. Expenses related to foreign program services are based on actual receipts. Part III, Col (c): The estimated number of recipients is based on foreign nationals who maintain residence in their home country while attending Reinhardt University on a Visa. Athletic Golf Classic 28880 24380 4500 4500 5124 Golf Classic 124160 91760 32400 32400 9854 1 20534 15494 5040 5040 4147 173574 131634 41940 41940 19125 61065 -19125 1 Scholarships and financial assistance 960 7195131 Amount of reduction in tuition amount. The tuition discount is a reduction in tuition costs to the student. Part I, Line 2: The University's financial aid department monitors and maintains records regarding all financial aid awards. X X 1 1 X X X 0 0 0 0 0 0 0 0 0 Dr J Thomas Isherwood President 232715 0 0 0 24715 0 32000 0 38391 0 327821 0 0 0 Part I, Line 1a Housing allowance or residence for personal use. As a convenience of the University, the President resides in campus housing. Therefore, none of the benefit was treated as taxable compensation. Part I, line 1a: Personal services. Cleaning services are provided for the President on an irregular basis and the value is considered nominal. None of the benefit was treated as taxable compensation. A United Community Bank 580554454 2011-12-19 7800000 Construct residence hall and fieldhouse. 0 0 0 B Downtown Dev Authority of the City of Waleska 580554454 2009-07-17 11000000 Refinance outstanding balance on 2001 and 2003 bonds. 0 0 0 A 450111 7800000 143555 2011 0 0 0 1 B 1620630 11000000 211159 2004 1 0 1 1 A 0 0 0 0 0 0 0 B 0 0 0 0 0 0 0 A 0 0 0 0 1 0 0 0 0 B 0 0 0 0 1 0 0 0 0 A 0 B 0 X 3 171633 Fair market value X Violins 2 225000 Appraisal 0 0 0 Form 990, Part VI, Section B, line 11 It is the policy of the Board of Trustees of Reinhardt University that the Finance Committee will complete and/or review Internal Revenue Service ("IRS") Form 990, Return of Organization Exempt from Income Tax, prior to filing it with the IRS. Once the Finance Committee has reviewed IRS Form 990, a copy shall be made available to all Board Members prior to the filing of Form 990. Board Members shall exercise their best efforts to review Form 990 before it is filed. Board Members who have comments or revisions to Form 990 shall submit these comments or revisions in writing to the Finance Committee Chair or to the University Vice President for Finance and Administration. Form 990, Part VI, Section B, line 12c Officers, trustees, and key employees are required to annually disclose all potential conflicts of interest. Form 990, Part VI, Section B, line 15 It is the policy of the Board of Trustees of Reinhardt College that the Executive Committee or its designee will serve as the review point for executive compensation as envisioned under the intermediate sanctions provisions of the Internal Revenue Code. The Executive Committee or its designee will on an annual basis review the compensation and benefits packages for the President of the University as well as the Vice Presidents to ensure that compensation is reasonable and appropriate, and that there is no excess benefit to senior employees of the University. The Executive Committee may use comparisons to other like institutions or such other measures as it deems appropriate in its work. The Executive Committee or its designee will report the results of its work to the Chair of the Board of Trustees for use in establishing any compensation or additional benefits for those senior employees under its review. Form 990, Part VI, Section C, line 18 The University's Form 990 is also available upon request. Form 990, Part VI, Section C, line 19 The University makes all governing documents available upon request. Form 990, Part XI, line 9: Change in value of split interest agreement 353,197.