2015-04-15T13:40:12-05:00 2014-05-31 363990892 Capin Crouse LLP 1255 Lakes Parkway Suite 130 Lawrenceville GA 30043 990 2013-06-01 570314406 North Greenville University NORT 8649777000 PO Box 1892 Tigerville SC 29688 Dr Randall Pannell Interim President 8649777000 2015-04-15 1 David C Moja P00747006 6785185301 2013 2016-03-07 17:11:31Z Dr Randall Pannell PO Box 1892 Tigerville SC 29688 69779245 0 X www.NGU.edu X 1892 SC The University offers a quality education in a biblically sound, Christ-centered environment. 25 24 1179 100 0 0 8817750 10953715 44429037 46719558 1321439 2954567 48475 66550 54616701 60694390 14343232 15180547 0 0 17479167 19125673 0 0 1083478 14074837 14863224 45897236 49169444 8719465 11524946 102578019 114083533 5984831 6290970 96593188 107792563 X North Greenville University believes that the truths found in Holy Scriptures permeate every aspect of reality. All truth is ultimately from God. Therefore, a commitment to academic excellence can be an integral component in the maturation of one's faith. Faculty members meet regularly to study ways in which matters of faith can be brought into the classroom experience. Students are encouraged to participate in the process of integrating faith and learning. North Greenville University strives to be a place where graduates will leave with both and understanding of their chosen fields of endeavor and an appreciation for how the truths of scripture apply to those areas. The University offers the following degrees: the Bachelor of Arts degree, the Bachelor of Science degree, the Master of Business Administration degree, and the Master of Christian Ministries degree. Within the undergraduate degrees there are 36 program options and choices of major. 0 0 45579614 15180547 46719558 The University is a co-educational liberal arts university offering graduate and undergraduate degrees. It has Level V membership in the Commission of Colleges of the Southern Association of Colleges and Schools. The University's purpose is to provide opportunities for higher education in a Christian atmosphere. The University provided education services to approximately 2,500 students. 45579614 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 1 1 0 1 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 1 0 1 0 1 0 0 0 0 1 0 0 0 1 3137 0 1 1179 1 0 0 0 0 0 1 1 0 0 0 0 0 X 25 24 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 0 1 0 SC X Michelle Sabou 8649777000 PO Box 1892 Tigerville SC 29688 Michael D Hamrick Chairman of the Board 1.00 X X 0 0 0 Ronald K Edwards Part Year Chairman 1.00 X X 0 0 0 Beverly N Hawkins Vice Chairman 1.00 X X 0 0 0 David J Charpia Part Year Vice Chairman 1.00 X X 0 0 0 Dr Lucile Sullivan Secretary 1.00 X X 0 0 0 Daniel Boling Trustee 1.00 X 0 0 0 Lee Capell Trustee 1.00 X 0 0 0 Dr Ralph Carter Trustee 1.00 X 0 0 0 Edward Case Trustee 1.00 X 0 0 0 Jimmy E Cox Trustee 1.00 X 0 0 0 Rev Robert A Dickard Trustee 1.00 X 0 0 0 David Edwards Trustee 1.00 X 0 0 0 Mark Ells Trustee 1.00 X 0 0 0 Dr Arnold E Emery Trustee 1.00 X 0 0 0 Rebecca W Frrel Trustee 1.00 X 0 0 0 Dr Joe F Hayes Trustee 1.00 X 0 0 0 Dr Ralph S Hendricks Trustee 1.00 X 0 0 0 Lucian R Lee Jr Trustee 1.00 X 0 0 0 Greg Mathis Trustee 1.00 X 0 0 0 Dr Lee McCormick Trustee 1.00 X 0 0 0 Eugene W Merritt Trustee 1.00 X 0 0 0 Laura Messer Trustee 1.00 X 0 0 0 Dr Bruce A Russell Trustee 1.00 X 0 0 0 Dr G Elton Todd Trustee 1.00 X 0 0 0 William Tyler Trustee 1.00 X 0 0 0 Dr Donald E Ward Trustee 1.00 X 0 0 0 Dr Donald J Wilton Trustee 1.00 X 0 0 0 Dr James A Black Jr Trustee (Part Year) 1.00 X 0 0 0 Rev Todd Johnson Trustee (Part Year) 1.00 X 0 0 0 Dr Melvin K Younts Trustee (Part Year) 1.00 X 0 0 0 Dr James Epting President 35.50 X 351378 0 21848 Michelle Sabou VP Business Affairs 35.50 X 107697 0 11560 Rev Mayson Easterling VP Denominational Relation 35.50 X 103560 0 22116 Dr Joseph Isgett VP of Graduate Studies 35.50 X 105763 0 17104 Wayne Landrith VP Corporate & Foundation 35.50 X 109135 0 11560 Dr Tony Beam VP for Student Life 35.50 X 100087 0 45977 Dr Stephen Crouse VP of Campus Ministries 35.50 X 99677 0 40958 Alexander Miller VP for Development 35.50 X 99823 0 18144 Dr Randall Pannell VP for Academics 35.50 X 100999 0 14224 Keli Sewell VP of Admissions & FA 35.50 X 99644 0 23688 Thomas Allen Dean of College of Science 35.50 X 134268 0 14832 1412031 0 242011 8 0 1 0 Aramark Corporation PO Box 198532 Atlanta GA 30384 Food Services 3269323 1 27339 1233036 104780 9588560 3951087 10953715 Tuition and fees 900099 31189685 31189685 Auxiliary revenue 900099 15210934 15210934 Other income 900099 318939 318939 46719558 825025 825025 11187123 7449 8998426 66604 2188697 -59155 2129542 2129542 86375 27339 19825 66550 66550 60694390 46719558 0 3021117 15180547 15180547 1605617 821229 537528 246860 232925 169989 62936 13692322 12500011 823412 368899 615936 529825 74000 12111 1812705 1653152 106455 53098 1166168 1018024 99108 49036 71505 71505 52500 10500 42000 167776 167776 111837 111837 36668 36668 1579299 1305845 84566 188888 683193 683193 1032476 1003855 28621 493123 456159 10067 26897 7734 7734 29269 27902 1180 187 1779334 1696201 71748 11385 94497 94497 Repairs & maintenance 3839824 3646456 163562 29806 Food services 2766659 2766659 Auxiliary expenses 912978 912978 Accreditation & members 221192 180289 40903 983360 766064 183921 33375 49169444 45579614 2506352 1083478 11325 10922042 28964909 15888074 325861 325223 100595 664759 737403 350 350 76935602 21957404 50866279 54978198 9694747 16235097 10001457 12796958 2048332 2099593 102578019 114083533 2125054 2604508 1532455 1367873 431234 399813 129167 360417 1766921 1558359 5984831 6290970 X 73579062 76697044 5746152 10686583 17267974 20408936 96593188 107792563 102578019 114083533 X 11524946 -373032 40165 7296 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 20918556 3112855 2253765 27902 119451 26137823 16632823 1839690 2537892 40775 51074 20918556 16897846 635120 -829059 13067 58017 16632823 14005945 541201 2445568 30756 64112 16897846 12138209 260413 1702013 26490 68200 14005945 0.13270 0.70280 0.16450 0 1 1 2196527 6413611 8610138 52009185 14935565 37073620 1503664 693945 809719 8474308 6327894 2146414 6338307 6338307 54978198 31972 C Cash value of life insurance 528876 F Baptist Foundation 9453198 F Alternative investments 2782912 F 12796958 Student deposits 527124 Trust liability 61466 Funds held for others 148324 Post-retirement benefit obligation 9736 Capital lease obligation 811709 1558359 X 45071785 -373032 71629 -15173251 -15474654 60546439 167776 -19825 147951 60694390 33872410 31464 19825 51289 33821121 167776 15180547 15348323 49169444 Part V, Line 4: The majority of the University's endowment earnings is used to provide scholarship assistance. A small portion of earnings are used to provide programs as designated by donors and the Board of Trustees. Part X, Line 2: The financial statement effects of a tax position taken or expected to be taken are recognized in the financial statements when it is more likely than not, based on the technical merits, that the position will be sustained upon examination. Interest and penalties, if any, are included in expenses in the statements of activities. As of May 31, 2014 and 2013, the University had no uncertain tax positions that qualify for recognition or disclosure in the financial statements. The University files information tax returns in the U.S. and various states. The University is generally no longer subject to U.S. Federal and state income tax examinations by tax authorities for years before 2010. Part XI, Line 2d - Other Adjustments: Change in value of trust 29,094. Unrealized loss on assets held for sale -21,798. Scholarships netted with revenue -15,180,547. Part XI, Line 4b - Other Adjustments: Fundraising expenses reported on Part VIII, Line 8b -19,825. Part XII, Line 2d - Other Adjustments: Fundraising Expenses reported on Part VIII, Line 8B 19,825. Part XII, Line 4b - Other Adjustments: Scholarships netted with revenue 15,180,547. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 Schedule E, Part I, Line 3 The non-discrimination policy is included in the catalog that goes to all prospective students and that is included on the University website. This information is also included in all admissions materials. Schedule E, Part I, Line 6 Federal financial aid funds under Title IV are received by the University and are awarded and disbursed to its students. Golf tournament 113714 27339 86375 1500 8080 3200 5821 1224 113714 27339 86375 1500 8080 3200 5821 1224 19825 66550 1 Scholarships 2109 15180547 Part I, Line 2: The financial aid planning office requires students to complete the free application for federal student aid (FAFSA) form to determine eligibility for federal, state and institutional grants, scholarships and loans. This is an equitable formula that measures all assets consistently. In addition to this form, the institution does require some other guidelines in the event that funds are offered based on certain academic credentials or performance in a university sponsored activity or athletic event. These credentials are clearly stated in the university catalog and the university website. Enrollment and eligibility are monitred by the university. X 1 1 X X X X 0 0 0 0 0 0 0 0 0 Dr James Epting President 343458 0 0 0 7920 0 10000 0 30850 0 392228 0 0 0 Part I, Line 1a The President is required to live on the University's main compus. The home is University property and is adjacent to the Univeristy. This benefit is not taxable. A nontaxable housing allowance is also provided to the VP of Business Affairs, VP of Denomenational Relations, and the VP of Academics who are required to live on campus by the University to complete their job duties and respond in emergency situations. All of the houses are on campus and are University property. 42237 Merit Based Tuition assistance Paul Epting Family Member of James Epting, President 83445 W-2 and Benefits 0 Joe Hayes Jr Family Member of Joe Hayes, Trustee 89861 W-2 and Benefits 0 Vlad Sabou Family Member of Michelle Sabou, VP of Business Affairs 32186 W-2 and Benefits 0 Nancy Isgett Family Member of Joseph Isgett, VP Graduate Studies 44560 W-2 and Benefits 0 X 49427 Fair market value X 61781 Fair market value X 11 245292 Fair market value X 1 2986465 Fair market value X 2 220000 Appraisal X 4 383750 Appraisal X 14 4372 Fair market value 0 0 1 0 Part I, Column (b): The number of contributions represent the number of contributions received, not the number of items donated. Form 990, Part VI, Section A, line 1 The executive committee is composed of the chairman, the vice chairman, the secretary, two members-at-large, and the chairman of each of the other board committees. When the board is not in session, the executive committee has the authority to: a) Discharge such duties as the board may assign from time to time and submit a report of its action at the next meeting of the board. b) Review and approve the annual budget prepared by the president and recommend the budget to the entire board for final action. c) Except as limited by these bylaws, or the board itself, have general oversight over matters relating to finance, and implement the fiscal policies of the board. d) Initiate and implement long-range planning for the institution. e) Through the president, serve as the avenue of communication between the board, the faculty, staff, and student body. f) Serve as a grievance committee on complaints received through the office of the president from member of the faculty or staff at the executive committee's initiative or at the request of the president Form 990, Part VI, Section B, line 11 The 990 is prepared by an independent CPA firm and reviewed in detail by the Organization's top management. Form 990, Part VI, Section B, line 12c The trustees and officers must sign a conflict of interest policy annually. The conflict of interest disclosure forms are then reviewed by the VP for Business Affairs. Any conflicts are disclosed to the President and the Chairman of the Board. If a matter related to a conflict is considered by the Board, the Board Member with the conflict will recuse him or herself. Form 990, Part VI, Section B, line 15a The Executive Committee of the independent Board of Trustees reviews the salary and benefits of the President and decides what the new contract amounts will be using comparability data from colleges with similar budgets. This process is documented in the committee minutes. The salary of the Officers is reviewed annually by the independent Board during budget approval. The Officers are typically eligible to receive the same rate of merit increases as other employees, and the final salary decisions for the Officers is made by the President. This process is documented in board minutes as part of the annual budget process. Form 990, Part VI, Section C, line 19 At this time, the University does not make available to the public its governing documents, conflict of interest policy, and financial statements. Form 990, Part XI, line 9: Change in value of trust 29,094. Unrealized loss on assets held for sale -21,798. Form 990, Part XII, line 2c: The University's Board assumes oversight of the audit of its financial statements and selection of its independent accountant. This process has not changed since the prior year. Form 990, Part VI, Line 7a/7b: The University is an institution of the South Carolina Baptist Convention (Convention). The Convention appoints the University's 25 trustees and must approve all changes or amendments to the University's charter. South Carolina Baptist Convention 190 Stoneridge Drive Columbia SC 29210 570360087 Association of Southern Baptist Churches SC 501(C)(3) 1 N/A 0 The Baptist Foundation of South Carolina 190 Stoneridge Drive Columbia SC 29210 570348054 Institution of SCBC designated for the management of trust funds SC 501(C)(3) 1 South Carolina Baptist Convention 0 Living Trust (1) Irrevocable Living Trust SC North Greenville Universtiy T 0 Charitable Remainder Unitrust (16) Charitable Remainder Unitrust SC North Greenville Universtiy T 0 Charitable Remainder Annuity Trust (2) Charitable Gift Annuity SC North Greenville Universtiy T 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0