2015-01-14T13:36:00-05:00 2014-05-31 990 2013-06-01 620518288 FREED-HARDEMAN UNIVERSITY FREE 158 E MAIN ST HENDERSON TN 38340 RICHARD TAYLOR FINANCIAL ANALYST 7319896006 2015-01-13 2013 2016-03-07 17:11:31Z RICHARD TAYLOR 75248421 false X WWW.FHU.EDU.COM 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 1160 27528 7072892 30435628 37135117 40656820 1548204 2349412 1187255 1806561 46943468 75248421 10019589 12480507 0 18090809 20042273 0 2081188 13633547 16271427 41743945 48794207 5199523 26454214 105653165 128830930 39215436 35938987 66437729 92891943 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. false false 611000 40930478 12480507 75248421 THE UNIVERSITY CONDUCTED CLASSES FOR APPROXIMATELY 2000 STUDENTS AND GRADUATED APPROXIMATELY 469 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. 40930478 true true false false false false false false false true true true false false true false true false true true true false false false true false false false true true true false false false false false true false false false false true false false false false false false false false true 96 0 1160 true true true true BE false false false true true false 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 289098 0 21764 MILTON SEWELL CHANCELLOR 40 X 171243 0 17114 DWAYNE WILSON EXEC VP 40 X 179385 0 16564 SAMUEL JONES VICE PRESIDENT 40 X 118404 0 16253 DAVID CLOUSE VICE PRESIDENT 40 X 127144 0 18361 EDWARD SCOTT VICE PRESIDENT 40 X 111557 0 10314 CHARLES VIRES VICE PRESIDENT 40 X 161990 0 19012 ROBERT SCOTT VICE PRESIDENT 40 X 122380 0 15026 KEN CARGILE FACULTY MEMBER 40 X 113324 0 11355 THOMAS DEBERRY FACULTY MEMBER 40 X 95461 0 13541 KEITH SMITH FACULTY MEMBER 40 X 94097 0 10269 MARK STEINER FACULTY MEMBER 40 X 98117 0 16373 VICKI JOHNSON FACULTY MEMBER 40 X 100701 0 10556 1782901 196502 13 false true false 0 409419 28932112 15756668 30435628 OPERATING REVENUE 611000 32162922 32162922 AUXILIARY ENTERPRISES 611000 8493898 8493898 40656820 632700 632700 14358804 12642092 1716712 1716712 1716712 538109 510581 27528 27528 UNREALIZED GAINS AND ANNUITY INCOME 523000 1779033 1779033 1779033 75248421 44785265 27528 0 12480507 12480507 1870227 1079628 468256 1094097 14341579 10634585 2633343 1073651 642058 494745 85169 62144 2129223 1430283 505188 193752 1059186 816313 151272 91601 1875 1875 82715 82715 275308 275308 847875 426052 421823 242958 12530 230428 1059109 631452 381708 45949 966586 966586 1077303 950001 65982 61320 48532 48532 694832 694832 2159666 2159666 226848 222750 4098 UTILITIES 2056508 1923093 133415 STUDENT MEALS 2101307 2101307 OPERATION AND MAINTENANCE 608516 81371 527145 UNRELATED BUISNESS EXPENSE 320552 320552 3500937 3500937 48794207 40930478 5782541 2081188 972717 1687754 4244500 1297008 931725 1597885 1397274 334768 233829 811952 843911 99221556 32072457 52465351 67149099 48173484 41654712 10688126 105653165 128830930 4760717 2001941 1288826 1215343 1784234 808617 15812555 16750219 7976395 6975000 6820724 7592709 1367143 39215436 35938987 X 26060622 42949132 24876901 34069192 15500206 15873619 66437729 92891943 105653165 128830930 26454214 X false false X false true true X false false false 0.0 0.0 0.0 0.0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 24404087 1302743 3870900 1255606 217986 28104138 35384024 2326696 7780884 1328067 529154 43634383 32789563 2251992 1937987 1329133 266385 35384024 28104138 621128 5530140 1227984 237859 32789563 .15000 .35000 .50000 false false 3651146 3651146 87086451 26335499 60750952 7207005 4918557 2288448 1276954 818401 458553 67149099 ALTERNATIVE INVESTMENTS(LEVEL 2) WITH SIGNIFICANT OTHER OBSERVABLE INPUTS 7292575 F ALTERNATIVE INVESTMENTS (LEVEL 3) WITH SIGNIFICANT UNOBSERVABLE INPUTS 1958577 F PRIVATE EQUITY FUNDS 1436974 F 10688126 LIABILITY UNDER UNITRUST AGREEMENTS 238162 ANNUITIES PAYABLE 1128981 1367143 75248421 75248421 75248421 48794207 48794207 48794207 PART V LINE 4 SUPPORT OF STUDENT SCHOLARSHIPS AND OPERATING BUDGET ARE THE INTENDED USE OF THE ENDOWMENT FUNDS. true true true true true true true false false false false false false false false true false true PART 1 LINE 3 THE UNIVERSITY POLICY IS NOTED IN THE SCHOOL CATALOG ON THE SCHOOL'S WEBSITE AND IN ALL RELATED BROCHURES. EUROPE 1 3 PROGRAM SERVICES CLASSES TAUGHT 369225 SPAIN 0 2 PROGRAM SERVICES CLASSES TAUGHT 46509 1 5 415734 415734 0 false false false false false false X X X X X X X false BENEFIT DINNER 1178814 1178814 84717 1178814 84717 84717 1094097 false false false false false false false false false true 0 STUDENT SCHOLARSHIPS 1966 12480507 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 A-133 AUDIT REPORT. X X false true X false false false false false false false false false JOE A WILEY 289098 21764 310862 MILTON R SEWELL 171243 17114 188357 DWAYNE H WILSON 179385 16564 195949 CHARLES H VIRES 161990 19012 181002 A HEALTH AND EDUCATION FACILITIES BOARD OF COUNTY OF CHESTER TN 521339251 2005-10-06 6500000 BUILD AND EQUIP DORMITORY false false false B HEALTH AND EDUCATION FACILITIES BOARD OF COUNTY OF CHESTER TN 521339251 2013-03-20 11678665 REFINANCING 3 PREVIOUS BOND ISSUES false false false A 6500000 6500000 2007 false false true true B 11652016 11678665 26649 2013 false false true true A false false false false false false false 0.0 B false false false false false false false 0.0 A false false B false false A B THE JOHN & ROSEMARY BROWN FAMILY FOUNDATION PAST BOARD MEMBER PAYOFF BONDS X 6700000 5025000 false true true TERRY ANDOR REGINA CREWS BOARD MEMBER PAYOFF BONDS X 500000 false true true TOM ANDERSON BOARD MEMBER PAYOFF BONDS X 200000 false true true JAMES EDMONDS BOARD MEMBER PAYOFF BONDS X 100000 75000 false true true TOMMY TOWNSEND BOARD MEMBER PAYOFF BONDS X 150000 112500 false true true LARRY BLOOMINGBURG BOARD MEMBER PAYOFF BONDS X 100000 75000 false true true JOHN ANDOR MARILYN DODD BOARD MEMBER PAYOFF BONDS X 100000 75000 false true true JIM ANDOR BECKY GARDNER FACULTY MEMBER PAYOFF BONDS X 100000 75000 false true true BILL MORGAN BOARD MEMBER PAYOFF BONDS X 100000 75000 false true true LYNN ANDOR RAMONA PATTERSON BOARD MEMBER PAYOFF BONDS X 100000 75000 false true true MILTON ANDOR LAUREL SEWELL ADMINISTRATION MEMBER PAYOFF BONDS X 100000 75000 false true true ROBERT SHACKELFORD BOARD MEMBER PAYOFF BONDS X 100000 75000 false true true DALE ANDOR TIPPI JONES BOARD MEMBER PAYOFF BONDS X 50000 37500 false true true FRIENDS OF FHU LLC BOARD AND ADMINISTRATION MEMBERS PAYOFF BONDS X 1600000 1200000 false true true X 11 378209 STOCK EXCHANGE X 1 14833778 APPRAISAL OF BUILDING X MISCELLANEOUS 12 58820 FMV BY DONOR false true true PART IV SECTION B LINE 11B A COPY OF THE 990 IS SENT TO ALL MEMBERS OF THE AUDIT COMMITTEE 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 LINES 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. ANY CHANGES IN COMPENSATION ARE RECOMMENDED BY THE COMMITTEE FOR APPROVAL BY THE FULL BOARD OF TRUSTEES. PART VI SECTION B LINES 15B THE COMPENSATION FOR THE OTHER OFFICERS AND KEY EMPLOYEES ARE SET BY THE PRESIDENT WITH APPROVAL BY THE BOARD OF TRUSTEES.