2015-02-09T15:06:30-06:00 2014-06-30 363990892 Capin Crouse LLP 972 Emerson Parkway STE A Greenwood IN 46143 990 2013-07-01 310536647 Cedarville University CEDA 9377667818 251 North Main Street Cedarville OH 453148501 Christopher Sohn VP for Business 9377667821 2015-02-09 1 David C Moja P00747006 3178852620 2013 2016-03-07 17:11:31Z Dr Thomas White 251 North Main Street Cedarville OH 453148501 122681861 0 X www.cedarville.edu X 1887 OH A Christ-centered learning comm. equipping students with an education grounded in biblical truth. 24 23 3011 20 0 0 10123293 8523219 100593503 107413304 1985506 3518154 34008 38288 112736310 119492965 25011743 27803581 0 0 49433943 49308907 0 0 1958171 34541425 33146786 108987111 110259274 3749199 9233691 157866958 165068676 36170747 32166868 121696211 132901808 X Cedarville University is a Christ-centered learning community, equipping students for lifelong leadership and service through an education marked by excellence and grounded in biblical truth. 0 0 50836606 90676611 Located in southwest Ohio, Cedarville University attracts 3,400 undergraduate, graduate, and online students to more than 100 areas of study. Cedarville is a Christ-centered learning community recognized nationally for rigorous academic programs, strong graduation and retention rates, accredited professional and health science offerings, and leading student satisfaction ratings. 27803581 27803581 Student Aid:Excellence is expected from everyone at Cedarville. We provide students in each of our 111 areas of study the resources and support necessary to meet our community's high standards for academic achievement. Graduates emerge from Cedarville well-prepared to succeed in a highly competitive professional environment. As a result, we are taking our well-earned place as one of the nation's best colleges. 11837306 16736693 Auxiliary Services:Cedarville is comitted to the development of the "whole person". From our student life initiatives to our curriculum design, all of our structures and strategies have been developed to produce graduates who will possess the expertise and character needed to engage their professional, social, and political spheres-of-influence with truth from God's unchanging Word. 7508520 Student Services 7508520 97986013 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 1 0 1 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 1 0 1 0 1 0 0 0 0 0 0 0 0 1 5098 0 1 3011 1 0 0 0 0 0 1 1 0 0 0 0 X 24 23 1 0 0 0 0 0 0 1 1 0 1 1 0 1 1 1 1 1 1 1 0 AK AZ CO DC MD MA MI NH NY OH OK OR WA X Brian Caviggiola 9377667818 251 North Main Street Cedarville OH 453148501 Mr Lorne Scharnberg Trustee - Chairman 1.00 X X 0 0 0 Mr William Bolthouse Trustee - Vice Chairman 1.00 X X 0 0 0 Dr David Gower Trustee - Secretary 1.00 X X 0 0 0 Mr David Lodwick Trustee - Treasurer 1.00 X X 0 0 0 Dr Corey Abney Trustee 1.00 X 0 0 0 Rev William Bernhard Trustee 1.00 X 0 0 0 Dr John Blodgett Trustee 1.00 X 0 0 0 Lt Col David Carr Trustee 1.00 X 0 0 0 Mr David Dykema Trustee 1.00 X 450 0 0 Rev David Graham Trustee 1.00 X 0 0 0 Mr Warren Jenkins Trustee 1.00 X 0 0 0 Dr David Jeremiah Trustee 1.00 X 0 0 0 Dr Deforia Lane Trustee 1.00 X 0 0 0 Dr Michael Loftis Trustee 1.00 X 0 0 0 Dr Don Lough Trustee 1.00 X 0 0 0 Dr Dominic McKinley Trustee 1.00 X 0 0 0 Dr Eric Mounts Trustee 1.00 X 0 0 0 Rev Randy Patten Trustee 1.00 X 0 0 0 Dr Paige Patterson Trustee 1.00 X 0 0 0 Rev Mark Vroegop Trustee 1.00 X 0 0 0 Dr David Warren Trustee 1.00 X 0 0 0 Dr Hayes Wicker Trustee 1.00 X 0 0 0 Rev Jeffory Willetts Trustee 1.00 X 0 0 0 Mr Robert Wynalda Trustee 1.00 X 5891 0 0 Mr Randall Wilcox Trustee (part year) 1.00 X 10408 0 0 Rev Christopher Williamson Trustee (part year) 1.00 X 9248 0 0 William Bigham VP - Advancement 40.00 X 144510 0 29026 John Gredy Provost 40.00 X 191876 0 29149 Thomas Cornman VP - Academic 40.00 X 84738 0 77697 Janice Supplee VP - Enrollment & Mktg 40.00 X 110595 0 11528 Christopher Sohn VP for Business/CFO 40.00 X 129923 0 49951 Jonathan Wood VP - Student Life 40.00 X 16940 0 13725 Thomas White President 40.00 X 106088 0 48045 Robert Rohm part year VP - Christian Ministry 40.00 X 84469 0 61506 Rodney Johnson Assoc VP - Operations 40.00 X 116111 0 14345 Marc Sweeney Professor 40.00 X 158421 0 31537 Douglas Anderson Professor 40.00 X 121979 0 26913 Rebecca Gryka Professor 40.00 X 119448 0 55275 Jeffrey Lewis Assoc. Dean 40.00 X 117003 0 53409 Carl Ruby VP - Student Life 40.00 X 115033 0 50732 1643131 0 552838 11 1 1 0 Pioneer College Caterers 12351 W 9th Ter Ste 204 Lenexa KS 662154410 Food service 5080898 Ferguson Construction 2201 Embury Park Rd Dayton OH 454145544 Construction 1290169 International Center for Creativity 1266 Manning Pkwy Powell OH 430659179 Education services 556779 Applied Mechanical Systems 5598 Wolf Creed Pike Dayton OH 454262432 Mechanical systems construction 501190 Schupp Company Inc 401 Pine St St Louis MO 631022731 Advertising 480000 34 12126 2827107 5683986 78207 8523219 Tuition & fees 611710 87155298 87155298 Auxiliary fees 611710 16736693 16736693 Other program revenue 611710 3521313 3521313 107413304 2123756 2123756 4800 0 4800 4800 4800 4552182 3157784 1394398 1394398 1394398 64600 12126 31112 33488 33488 119492965 107413304 0 3556442 27803581 27803581 1581111 138664 1267885 174562 117386 104396 12990 34799493 31655294 2249429 894770 2467743 2244778 159514 63451 7889410 7176587 509969 202854 2453764 2232061 158611 63092 135026 135026 81162 81162 94434 94434 396819 313312 67627 15880 1066992 161599 841673 63720 4753916 2227932 2315756 210228 2146870 1952896 138773 55201 3578385 3040807 537578 1516408 1260099 172194 84115 1012164 628499 253367 130298 751475 613090 138385 8234358 7432496 801862 378855 378855 Auxiliary enterprises 7081931 7081931 Study abroad program 939734 939734 Student fee transfers 816084 816084 Bad Debts 162173 162173 110259274 97986013 10315090 1958171 2934413 4145594 6894943 11037969 1816240 1907263 487524 573315 782960 632124 200935870 91550277 108216330 109385593 28004974 32731809 2480913 2591931 6248661 2063078 157866958 165068676 6839875 5106838 3680868 3717353 4850000 3880000 14147303 12709782 6652701 6752895 36170747 32166868 X 91830883 97078525 13440796 19177479 16424532 16645804 121696211 132901808 157866958 165068676 X 9233691 1943696 28210 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 23813772 232957 4095896 822633 181700 63351 27074941 19792474 1392069 3284727 424607 167000 63891 23813772 20280073 495748 -322324 412911 159700 88412 19792474 16146659 952903 3804454 536234 87709 20280073 13149075 630331 2354674 484308 -592572 95685 16146659 0.00000 0.38520 0.61480 0 0 2710346 2710346 141052092 55311901 85740191 4373959 3182788 1191171 32147361 24916656 7230705 20652112 8138932 12513180 109385593 Deposits 679898 Life income payments 3517050 Deferred compensation 110414 Fair value of swap agreements 383262 Advances from government for federal students loans 2062271 6752895 X 93597968 1943696 271098 2214794 91383174 94434 28015357 28109791 119492965 82392371 31112 31112 82361259 94434 27803581 27898015 110259274 Part V, Line 4: Income from the organization's endowment funds are awarded as scholarships to needy or gifted students to continue their studies at the institution. Part V, line 1e: Other expenditure for facilities and programs is a negative expense of $592,572 for four years back. This represents transfers that do not sum to zero due to the transfer of prior gifts released by the Attorney General for treatment as permanently restricted funds. 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 statement of activities. As of June 30, 2014, 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 2009. Part XI, Line 2d - Other Adjustments: Change in the value of swap agreement 239,986. Fundraising expense included on Line 8b 31,112. Part XI, Line 4b - Other Adjustments: Financial aid expense netted against tuition 27,803,581. Change in the value of life income agreements 211,776. Part XII, Line 2d - Other Adjustments: Fundraising expense included on Line 8b 31,112. Part XII, Line 4b - Other Adjustments: Financial aid expense netted against tuition 27,803,581. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 Schedule E, Part I, Line 3 Cedarville University does not illegally discriminate on the basis of race, color, genetic information, sex, age, national or ethnic origin, or disability in relation to admission or access to employment in its programs and activities. The policy is stated in the academic catalog employee handbook and application section of our webpage. Schedule E, Part I, Line 6 Cedarville University receives government grants for Pell, Perkins, Federal Work Study Program, and Federal Supplemental Education Opportunity Grants for Student Financial Aid and assistance. An A-133 audit of these programs is conducted annually. Europe (Including Iceland & Greenland) - Albania, Andorra, Austria, Belgium 0 0 Program Services Study abroad program. 123002 0 0 0 0 0 0 123002 0 123002 0 0 0 0 0 0 Cedarville Open 76726 12126 64600 10330 9348 10874 560 76726 12126 64600 10330 9348 10874 560 31112 33488 1 Scholarships and Student Aid 3222 27803581 Part I, Line 2: Cedarville University awards financial aid grants to students in accordance with the University's institutional financial aid policies. X X X 1 1 X X X 1 0 0 0 0 0 0 0 0 William Bigham VP - Advancement 142462 0 0 0 2048 0 11741 0 17985 0 174236 0 0 0 John Gredy Provost 187354 0 0 0 4522 0 15320 0 14680 0 221876 0 0 0 Thomas Cornman VP - Academic 83686 0 0 0 1052 0 18412 0 59953 0 163103 0 0 0 Christopher Sohn VP for Business/CFO 129561 0 0 0 362 0 10800 0 39809 0 180532 0 0 0 Thomas White President 105878 0 0 0 210 0 8600 0 40017 0 154705 0 0 0 Marc Sweeney Professor 153102 0 5000 0 319 0 13011 0 19314 0 190746 0 0 0 Rebecca Gryka Professor 117923 0 0 0 1525 0 9806 0 46120 0 175374 0 0 0 Jeffrey Lewis Assoc. Dean 116483 0 0 0 520 0 9562 0 44490 0 171055 0 0 0 Carl Ruby VP - Student Life 51935 0 0 0 63098 0 9298 0 41901 0 166232 0 0 0 Part I, Line 1a The University's President is provided with a University owned house that is serviced by our custodial, grounds, and maintenance departments. This benefit qualifies as non-taxable housing provided for the convenience of the employer, under IRC Section 119. Health/social club dues paid on behalf of University Chancellor and the VP for advancement for donor relations activities. This benefit is included in taxable compensation. Part I, Line 4a Carl Ruby received severance pay in the amount of $62,787 for the calendar year (includes health/life insurance). Carl also received tuition remission for his children ($19,774 for Fall 2013) as part of the severance agreement. A Ohio Higher Ed Facility Commission 346849674 2006-12-21 7000000 Dorm renovations 0 0 0 B Ohio Higher Ed Facility Commission 346849674 2011-12-30 5000000 Health Science Building 0 0 0 C Ohio Higher Ed Facility Commission 346849674 2013-05-30 4850000 Refinance of 2004 Bond 0 0 0 D Ohio Higher Ed Facility Commission 346849674 2013-05-30 5000000 Hill/Ann/Town #1 0 0 0 A 2871969 7000000 7000000 2009 0 0 1 1 B 979864 5000000 5000000 2012 0 0 1 1 C 970000 4850000 4850000 2013 1 0 1 1 D 438385 5000000 5000000 2013 0 0 1 1 A 0 0 1 1 0 0 0 1 B 0 0 1 1 0 0 0 1 C 0 0 1 1 0 0 0 1 D 0 0 1 1 0 0 0 1 A 0 0 1 0 1 0 0 0 1 B 0 0 1 0 0 0 0 0 1 C 0 0 1 0 1 1 Key Bank 14.000000000000 1 0 0 0 1 D 0 0 1 0 1 0 0 0 1 A 1 B 1 C 1 D 1 Schedule K, Bond C, Part I, Column (f) The bond issue was a re-financing secured to consolidate several smaller financing debt instruments. 118363 Tuition Remission Brian Nester Family member of trustee, Mike Loftis 63065 Compensation 0 Lynn Rohm Family member of VP, Robert Rohm 12990 Compensation 0 X 53097 Fair Market Value X 8 25110 Fair Market Value 0 1 0 Part I, Column (b): The number of contributions reported is the number of contributions received, not the number of contributed items. Form 990, Part VI, Section A, line 1 The Chair of the Board is the Chair of the Executive Committee. Other members of the Committee are the Vice Chair, Secretary, Treasurer, and Chair of each standing committee of the Board, and two Trustees at large. The President is an ex-officio member of the Executive Committee. The Executive Committee conducts business between regular Board meetings if necessary, and any actions are reported to the full Board at the next meeting. Form 990, Part VI, Section A, line 2 Janice Supplee and David Warren - family relationship. Form 990, Part VI, Section B, line 11 Cedarville's board of trustees operates in committee fashion. The Business Committee (also serving as the audit committee and investment committee) is responsible to the full board for financial related items. As such, a copy of the Form 990 was provided to the Business Committee for review prior to filing. Additionally, the University's outside independent CPA firm prepared and reviewed the Form 990 prior to filing. Form 990, Part VI, Section B, line 12c The University enforces compliance with the conflict of interest policy by requiring trustees to annually sign bylaws statements. All trustees are required to disclose to the board any possible conflict of interest at the earliest practicable time. No trustee shall vote on any matter under consideration at a board or committee meeting in which such trustee has a conflict of interest. The minutes of such meetings shall reflect that a disclosure was made and that the trustee, having a conflict of interest, abstained from voting. If a trustee is uncertain as to whether a conflict of interest may exist, the trustee may request the board or committee resolve the question by majority vote. Form 990, Part VI, Section B, line 15 Compensation for the President and other officers is set by an independent body consisting of the Executive committee of the Board of Trustees. Comparable market data from CCCU and CUPA is used. This process and results are thoroughly documented in the committee minutes. Form 990, Part VI, Section C, line 19 The University makes its governing documents and conflict of interest policy available to the public upon request. Financial statements are not available to the general public. Form 990, Part XI, line 9: Change in the value of interest rate swap 239,986. Change in value of split interest agreement -211,776. Form 990, Part XII, Line 2c: The organization has a committee that assumes responsibility for oversight of the audit of its financial statements and selection of an independent accountant. This process has not changed since the prior year.