2015-05-12T16:36:51-05:00 2014-06-30 BKD LLP 190 E Capitol Street Ste 500 Jackson MS 392012190 990 2013-07-01 640303069 BELHAVEN UNIVERSITY % VIRGINIA HENDERSON BELH 6019688705 1500 PEACHTREE STREET Suite JACKSON MS 39202 VIRGINIA HENDERSON CFO 6019688705 2015-05-15 true Penny Wood CPA P00328157 6019688705 2015-05-15 2013 2016-02-25 16:41:14Z VIRGINIA HENDERSON 1500 PEACHTREE STREET JACKSON MS 39202 59286525 false X WWW.BELHAVEN.EDU X 1883 MS BELHAVEN UNIVERSITY (BELHAVEN) IS A CHRISTIAN LIBERAL ARTS UNIVERSITY DEDICATED TO EXCELLENCE IN CHRISTIAN HIGHER EDUCATION. 32 31 1116 37 199063 0 4197037 6982553 45448613 49855904 190624 448216 642315 885103 50478589 58171776 11641442 13552416 0 0 20548408 21925837 48538 36443 485342 17257165 17344279 49495553 52858975 983036 5312801 53820608 59244663 22649902 24096646 31170706 35148017 BELHAVEN UNIVERSITY PREPARES STUDENTS ACADEMICALLY AND SPIRITUALLY TO SERVE JESUS CHRIST IN THEIR CAREERS, IN HUMAN RELATIONSHIPS, AND IN THE WORLD OF IDEAS. false false 43837531 13552416 46154222 BELHAVEN UNIVERSITY (BELHAVEN), IS A CHRISTIAN LIBERAL ARTS UNIVERSITY DEDICATED TO EXCELLENCE IN CHRISTIAN HIGHER EDUCATION. BELHAVEN'S RICH LEGACY WITH A CHRISTIAN CURRICULUM IS CENTERED ON THE BIBLICAL WORLDVIEW. THIS UNIQUE WORLDVIEW CURRICULUM SEAMLESSLY INTERTWINES HISTORY, LITERATURE, ART, MUSIC, AND PHILOSOPHY INTO A CHRONOLOGICAL CORE CURRICULUM FOR ALL INCOMING FRESHMEN AND SOPHOMORES. BELHAVEN HAS RECEIVED NATIONAL RECOGNITION FOR ITS ACADEMIC PROGRAMS AND AFFORDABILITY, AND THE COLLEGE HAS EARNED REGIONAL ACCREDITATION BY THE COMMISSION ON COLLEGES OF THE SOUTHERN ASSOCIATION OF COLLEGES AND SCHOOLS (SACS). BELHAVEN IS NATIONALLY ACCREDITED IN ALL FOUR OF THE ARTS: DANCE, MUSIC, THEATRE, AND VISUAL ART. OFFERING 27 UNDERGRADUATE MAJORS AND A 12:1 STUDENT TO FACULTY RATIO FOR THE TRADITIONAL UNDERGRADUATE PROGRAM, BELHAVEN PROVIDES A CLOSE-KNIT LEARNING COMMUNITY WHERE STUDENTS SEE THE COLLEGE'S VISION AND MISSION LIVED OUT IN THE LIVES OF FACULTY MEMBERS. FOR NON-TRADITIONAL, WORKING ADULTS, BELHAVEN ALSO OFFERS ADULT AND GRADUATE DEGREE PROGRAMS IN JACKSON, AS WELL AS IN ATLANTA, CHATTANOOGA, HOUSTON, ORLANDO, AND MEMPHIS. ACCREDITED ONLINE DEGREE PROGRAMS ARE ALSO AVAILABLE FOR STUDENTS WHO DESIRE DISTANCE LEARNING WITH A CHRISTIAN CURRICULUM. BELHAVEN'S FALL ENROLLMENT SHATTERED ALL PREVIOUS RECORDS WITH A TOTAL OF 4,215 STUDENTS. THIS IS AN INCREASE OF 329 STUDENTS OVER LAST YEAR, AND A ONE-YEAR JUMP OF OVER 8%. 1585359 3798085 AUXILIARY EXPENSES-DORMITORIES, CAFETERIA, VENDING MACHINES, BOOKSTORE AND POST OFFICE. 45422890 true true false false false false false true false true true false false true true false true false true false false false false true false false false false true true true false false false false false true false true false true true false false false false true true false false false true 73 0 1116 true true true false false false false false false false false false false false false X 32 31 false false false false false false false true true false false true true true true true true true false false X VIRGINIA HENDERSON 6019688778 1500 PEACHTREE STREET JACKSON MS 39202 James M Bateman Trustee 1.0 0.0 X L Forrest Berry Trustee 1.0 0.0 X Joel Bomgar Trustee 1.0 0.0 X Charles Cannada Trustee 1.0 0.0 X F Bond Christie Trustee 1.0 0.0 X Charles Doty Trustee 1.0 0.0 X Stephen M Edwards Trustee 1.0 0.0 X F Earl Fyke III Trustee 1.0 0.0 X Doug Hederman Trustee 1.0 0.0 X Jimmy Hood Trustee 1.0 0.0 X Wayne Husband Trustee 1.0 0.0 X Stuart Kellogg Trustee 1.0 0.0 X Veme Kennedy Trustee 1.0 0.0 X Rev Jay Kyle Trustee 1.0 0.0 X Liza C Looser Trustee 1.0 0.0 X Sean Michael Lucas Trustee 1.0 0.0 X Virginia W Morris Trustee 1.0 0.0 X Leisha Pickering Trustee 1.0 0.0 X Moran Pope Trustee 1.0 0.0 X Hugh Potts Jr Trustee 1.0 0.0 X Rev David A Rich Trustee 1.0 0.0 X Dr W Lynn Stringer Trustee 1.0 0.0 X Joseph Stroble Trustee 1.0 0.0 X Gaines P Sturdivant Trustee 1.0 0.0 X Alan Walters Trustee 1.0 0.0 X Richard Whitlock Trustee 1.0 0.0 X Dolphus Weary Trustee 1.0 0.0 X Calvin Wells Trustee 1.0 0.0 X Richard Wilson Jr Trustee 1.0 0.0 X Mark Windham Trustee 1.0 0.0 X Wirt Yerger III Trustee 1.0 0.0 X Jerry Young Trustee 1.0 0.0 X Roger Parrott President 40.0 0.0 X 350366 111525 Daniel Fredericks Provost 40.0 0.0 X 170431 16431 Kevin Russell Vice President of Advancement 40.0 0.0 X 142500 16013 Audrey Kelleher Vice Pres. of Adult & Grad Mkt 40.0 0.0 X 115000 11000 Scott Little Vice Pres. of Student Affairs 40.0 0.0 X 115000 3300 Virginia Henderson CFO 40.0 0.0 X 116083 0 11100 1009380 0 169369 8 false true false Richard White 605 Southern Oak Dr FLORENCE MS 39073 Painter 144290 1 6982553 1213689 6982553 Tuition & Fees 611310 46154222 46154222 Auxiliary Enterprises 611710 17691 17691 Housing Revenue 721310 3683991 3683991 49855904 494525 494525 0 0 431481 431481 0 431481 431481 1557869 10513 1585610 29081 -27741 -18568 -46309 -46309 0 0 658098 -499942 158156 158156 MISCELLANEOUS REVENUES 900099 96403 96403 CAMP MEALS 722310 199063 199063 295466 58171776 49952307 199063 1037853 0 13552416 13552416 0 0 1175816 244300 773003 158513 0 17426276 15829002 1440789 156485 712121 683570 27159 1392 1262927 1169917 76104 16906 1348697 1174715 152403 21579 0 46653 46653 104291 104291 0 36443 36443 47127 47127 70778 70778 1761269 1333652 427617 2050753 1582460 448299 19994 0 0 2444882 1284531 1160351 797993 624059 171101 2833 0 94022 77032 15725 1265 529707 417221 108164 4322 0 2253820 1775210 460222 18388 439782 439782 CONTRACT EXPENSE 3221456 2887819 309722 23915 DEPARTMENTAL EXPENSE 1665953 1506917 150084 8952 BOOK PURCHASES 804623 804623 BAD DEBT EXPENSES 457221 457221 553949 475446 64148 14355 52858975 45422890 6950743 485342 X 3455235 4411798 107601 184947 65632 2571318 1883862 1874227 163917 175917 0 0 3050288 931280 307410 248456 116818 144889 69713708 30385065 37211659 39328643 4572081 5676829 150705 84867 0 0 0 0 2735400 3611492 53820608 59244663 2198010 1877855 0 0 0 257113 16728344 20316666 0 0 0 0 2626057 119268 0 0 1097491 1525744 22649902 24096646 X 21147823 20207544 6128799 10716791 3894084 4223682 31170706 35148017 53820608 59244663 X 5312801 202803 -251742 -1286551 X false true X true true true X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 152000 X X DISPLAYED IN UNIV LIBRARY false 4189398 75215 662386 75215 27622 4824162 4113731 54550 282894 234550 27227 4189398 4090220 34875 46942 34875 23431 4113731 3622583 49920 490677 51463 21497 4090220 3300397 119243 374737 152250 19544 3622583 0.76690 0.23310 false false 360409 360409 50337286 17384571 32952715 17261914 12776761 4485153 1754099 223733 1530366 39328643 SECURITY DEPOSITS 57609 BOND ISSUANCE COSTS 347880 BENEFICIAL INTEREST IN CRT 3206003 3611492 0 OBLIGATION UNDER INTEREST RATE SWAP 85672 SECURITY DEPOSITS 48709 FUNDS HELD FOR OTHERS 21118 ANNUITIES PAYABLE 100231 ADVANCES FROM GOVERNMENT 918492 DEFERRED LEASE LIABILITY 351522 1525744 46833410 202803 -12070191 -11867388 58700798 -529022 -529022 58171776 40778569 529022 529022 40249547 12609428 12609428 52858975 Schedule D, Part III, Line 4: The University's Warren A. Hood Library on the University's campus, permanently displays a Boehm Porcelain Bird Collection. Also on display throughout the building are numerous pieces from the Belhaven Permanent Art Collection. Schedule D, Part V, Line 4: Belhaven University's endowment funds are made up of endowed scholarships. Endowed scholarships are established and named by individual donors wishing to provide perpetual assistance to Belhaven students. Scholarships are awarded by the Office of Student Financial Planning in accordance with the criteria established by the donor. Endowed scholarships are designed to preserve and grow the original principal by paying out minimal scholarship amounts each academic year and accumulating any excess earnings. principal by paying out minimal scholarship amounts each academic year and accumulating any excess earnings. Schedule D, Part XI Line 2d: Loss on Interest Rate Swap: ($31,263) Change in Split Interest Agreement: $570,500 Scholarships & Financial Aid: ($12,609,428) Total difference= ($12,070,191) Schedule D, Part XI Line 4b: Cost of Goods Sold: ($499,942) Casualty Loss: ($29,080) Total difference= ($529,022) Schedule D, Part XII Line 2d: Cost of Goods Sold: $499,942 Casualty Loss: $29,080 Total difference= $529,022 Schedule D, Part XII Line 4b: Scholarships & Financial Aid: $12,609,428 true true true true true true true false false false false false false false false true false true Schedule E, Line 3 The nondiscriminatory policy is stated in all brochures, catalogs, etc. that are distributed to students, prospective students, and others. The policy states,"Belhaven University does not discriminate in the administration of its education policies, applications for admission, or scholarship and loan programs. The rights, privileges, programs, and activities of Belhaven University are made available to all students who are enrolled regardless of sex, religion, color, national origin, handicap, or age." Schedule E, Line 6a Belhaven College Received Financial aid from the US Department of Education. Expenditures of federal awards for the year ended June 30, 2014 were $50,344,731. X true Ruffalocody 65 Kirkwood North Rd Cedar Rapids IA 52406 Telemarket Svc Agr false 23607 36443 23607 36443 MS true Scholarships & Grants 1891 12609428 PART I, LINE 2: THE UNIVERSITY MAINTAINS STUDENT FINANCIAL AID RECORDS AND FOLLOWS APPROPRIATE SELECTION CRITERIA FOR ALL GRANTS AND ASSISTANCE AWARDED TO STUDENTS. THE UNIVERSITY HAS AN ANNUAL COMPLIANCE AUDIT CONDUCTED IN ACCORDANCE WITH OMB CIRCULAR A-133 EACH YEAR. FOR THE YEAR ENDED 6/30/2014, THE AUDIT REPORTED THAT THE UNIVERSITY COMPLIED, IN ALL MATERIAL RESPECTS, WITH THE COMPLIANCE REQUIREMENTS OF ITS MAJOR FEDERAL PROGRAMS. X true true X X X false false false false false false false false false Roger Parrott President 350366 0 0 41095 70430 461891 Daniel Fredericks Provost 170431 0 0 12888 3543 186862 Kevin Russell Vice President of Advancement 142500 0 0 11400 4613 158513 Schedule J, Part I, Line 1a: The president receives a housing allowance as an ordained minister. A MISSISSIPPI BUSINESS FINANCE CORPORATION 640679132 NONEAVAIL 2012-06-01 23000000 REFUNDING OF 2008 BOND ISSUED false false false A 0 0 23000000 0 0 0 294775 0 0 14705225 0 0 true false false true A false false false false 0 false false false false A false false false false false false 0 false 0 false false A false Dr Roger Parrot officer Housing Loan X 245000 130000 false true true Virginia Henderson officer Housing Loan X 83000 37917 false true true Daniel Fredericks officer Housing Loan X 60000 8000 false true true 175917 See Part V See Part V 1355866 Dining Services false Schedule L, Part IV, Line 1: MMI Dining Systems, LLC- Board member, Gaines P. Sturdivant, is President of MMI Dining Systemes, LLC. X 3 1213689 STOCK QUOTE false false false FORM 990, PART VI, LINE 11B A COPY OF FORM 990 IS SENT VIA EMAIL TO EACH MEMBER OF THE EXECUTIVE COMMITTEE. EACH MEMBER OF THE BOARD ALSO RECEIVES A COPY OF THE FORM 990 TO REVIEW AND APPROVE BEFORE IT IS FILED. FORM 990, PART VI, LINE 12C THE ORGANIZATION REGULARLY AND CONSISTENTLY MONITORS AND ENFORCES ITS CONFLICT OF INTEREST POLICY BY REQUIRING ALL TRUSTEES AND OFFICERS TO COMPLETE AN ANNUAL CONFLICT OF INTEREST DISCLOSURE QUESTIONNAIRE. THE QUESTIONNAIRE IS REVIEWED BY THE EXECTIVE COMMITTEE AND THE PRESIDENT. IF A CONFLICT ARISES THE INTERESTED MEMBER IS REQUIRED TO DISCLOSE THE CONFLICT/POTENTIAL CONFLICT. FURTHERMORE, THE INTERESTED MEMBER IS PROHIBITED FROM VOTING ON ANY MATTERS RELATED TO THE CONFLICT/POTENTIAL CONFLICT. FORM 990, PART VI, LINE 15A THE COMPENSATION OF THE PRESIDENT IS REVIEWED AND APPROVED BY THE EXECUTIVE COMMITTEE. THE PRESIDENT REVIEWS AND APPROVES COMPENSATION OF TOP MANAGEMENT AND OTHER EMPLOYEES. FORM 990, PART VI, LINE 18 THE ORGANIZATION'S FORM 990, GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, & FINANCIAL STATEMENTS ARE AVAILABLE FOR PUBLIC INSPECTION UPON REQUEST. FORM 990, PART X Certain reclasses were made to the beginning of year amounts to be consistent with the end of year reporting. FORM 990, PART XI, LINE 9 Foundation Net Assets (1,825,788) Loss on Interest Rate Swap (31,263) Change in Split Interest Agreement 570,500 Total other changes in net assets or fund balance= (1,286,551) Belhaven College Foundation 1500 Peachtree St Jackson MS 39202 640887036 Support MS 501(c)(3) II-I Belhaven true false false true true false false false false false false false false false false false false false false false