2015-11-13T15:07:56-06:00 2015-06-30 363990892 Capin Crouse LLP 1255 Lakes Parkway STE 130 Lawrenceville GA 30043 990 2014-07-01 620497990 Trevecca Nazarene University TREV 6152481200 333 Murfreesboro Rd Nashville TN 37210 David B Caldwell Exec VP for Fin & Admin 6152481200 2015-11-13 1 David C Moja P00747006 6785185301 2014 2016-04-25 22:37:26Z Dr Dan Boone 333 Murfreesboro Rd Nashville TN 37210 67581899 0 X www.trevecca.edu X 1935 TN Trevecca Nazarene University is a private, co-educational, Christian liberal arts university. 50 49 1027 49 0 0 4622316 4106026 45212974 47847642 1472529 1809831 9899 112671 51317718 53876170 10514503 12484976 0 0 21736129 22119847 32000 32000 760428 17208949 17280607 49491581 51917430 1826137 1958740 97033086 97827561 28787599 28018070 68245487 69809491 X Trevecca Nazarene University is a private, coeducational, Christian liberal arts university. The university exists to carry out the educational mission of the church by means of academic programs that promote scholarship, critical reflection, (continued on Schedule O) thoughtful worship, and the preparation of students for lives of meaningful service in various careers. 0 0 26598564 12484976 40821645 Instruction and Student Aid: Trevecca Nazarene University is a comprehensive, fully accredited, Christian university offering undergraduate, master's and doctoral degrees. The University offers 91 baccalaureate majors, 20 master's degrees in the fields of business, science, education, counseling, religion, organizational leadership, and library and information sciences. The university also currently offers two doctoral degrees, one post-master's major, and six certificate programs.The University broke an all-time 113-year enrollment record in 2015. Total traditional undergraduate enrollment grew by 100 students to 1,115. (continued on Schedule O)Instruction and Student Aid, continued: Critical to this success were two components: a 27% increase in enrollment of new students (freshman and transfers) and outstanding retention of current students. The 2015 freshman class was the University's largest freshman class ever, increasing the University's residence hall occupancy to 99 percent. The University's total student population exceeded 2,600 for the first time in the 2014-2015 school year.Trevecca awards institutional, state, and federal financial aid assisting students in developing a plan for meeting their educational expenses. The Office of Financial Aid provides guidance and resources to help students and their families bridge the gap between a student's potential resources and the University's costs. The percentage of traditional undergraduate students receiving financial aid from any source was 94%. 7490580 0 6760561 Student Services:CLCS (Center for Leadership, Calling, and Services) provides students with programs to accompany their college career at all stages. From Freshmen LEAP groups to career development counseling and internship programs, career services in the CLCS has everything students need to succeed. Career Services also offers job-search related strategy workshops, career exploration events, resume and interviewing education, mock interviews, business and etiquette dinners, assistance with graduate school admissions, career fairs, job postings and job referrals. (continued on Schedule O)Student Services, continued: The University also placed increased emphasis on the School of Graduate and Continuing Studies (SGCS) and the University's online degree programs. The SGCS offers degrees of all academic levels built for students in all facets of life. The SGCS features 5 certificates, 3 associate's, 5 bachelor's, 15 master's, and 2 doctoral degrees. Of the 31 different academic offerings in the SGCS, 18 are now offered fully online. The University also unveiled a new campaign to publicize the online degree program. Using advertisements on billboards, radio, and other outlets, the University pointed potential students to Trevecca Online. The University launched a new website for the degree program at the beginning of June 2015.Other student services areas:Counseling CenterITS (Information Technology Services)Registrar Student Development SecurityTNU BookstoreLibrary 3214963 0 265436 Academic Support:Trevecca provides support to the academic functions across campus through the functions of the Office of the Provost, Office of the Academic Dean, Office of Institutional Research, the Center for Leadership, Calling and Service, the Center for Teaching and Learning, the Library, and the Center for Online Learning. 37304107 1 1 0 0 0 0 0 0 1 1 1 0 0 0 1 1 1 0 1 0 0 0 0 1 1 0 0 0 1 1 1 0 0 0 0 0 0 1 0 1 0 1 0 0 0 0 1 0 0 0 1 3601 0 1 1027 1 0 0 0 0 0 1 1 0 0 0 0 X 50 49 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 TN X David Caldwell- Exec VP of Finance 6152481200 333 Murfreesboro Road Nashville TN 37210 Dan Boone President 40.00 X X 68953 0 119038 Charles Davis Jr Board Chairman 1.00 X X 0 0 0 Dwight Gunter Board Vice Chair 1.00 X X 0 0 0 Dennis Moore Board Secretary 1.00 X X 0 0 0 Sandy Aldridge Trustee 1.00 X 0 0 0 Virginia Bauer Trustee 1.00 X 0 0 0 Mark Berry Trustee 1.00 X 0 0 0 Lamar Brantley Trustee 1.00 X 0 0 0 Robbie Bradshaw Trustee 1.00 X 0 0 0 Lee Brumfield Trustee 1.00 X 0 0 0 Joey Brummett Trustee 1.00 X 0 0 0 Julette Carter Trustee 1.00 X 0 0 0 Steve Clayton Trustee 1.00 X 0 0 0 Harry Curry Trustee 1.00 X 0 0 0 Gustavo Crocker Trustee 1.00 X 0 0 0 Larry Dennis Trustee 1.00 X 0 0 0 Ron DeWitt Trustee 1.00 X 0 0 0 John Reese Dunn Dr Trustee 1.00 X 0 0 0 Edward Estep Trustee 1.00 X 0 0 0 Mary Foskey Trustee 1.00 X 0 0 0 Mary Foskey Trustee 1.00 X 0 0 0 Matt Friedeman Trustee 1.00 X 0 0 0 Don Hastings Trustee 1.00 X 0 0 0 Marquita Hicks Trustee 1.00 X 0 0 0 E Kemp Higginbotham Trustee 1.00 X 0 0 0 Teresa Hodge Trustee 1.00 X 0 0 0 Larry Leonard Trustee 1.00 X 0 0 0 Scott Lowry Trustee 1.00 X 0 0 0 Greg Mason Trustee 1.00 X 0 0 0 Mike McAdory Trustee 1.00 X 0 0 0 Ronald McCormack Trustee 1.00 X 0 0 0 Bill McDaniel Trustee 1.00 X 0 0 0 Sam Michael Trustee 1.00 X 0 0 0 Randall Morton Trustee 1.00 X 0 0 0 Wendel Nixon Trustee 1.00 X 0 0 0 Mark Patrick Trustee 1.00 X 0 0 0 John Paul Trustee 1.00 X 0 0 0 Pascal Permis Trustee 1.00 X 0 0 0 Brian Powell Trustee 1.00 X 0 0 0 Jim Pulliam Trustee 1.00 X 0 0 0 Tim Pullin Trustee 1.00 X 0 0 0 Jamie Robison Trustee 1.00 X 0 0 0 Roy Rogers Trustee 1.00 X 0 0 0 Doug Runyan Trustee 1.00 X 0 0 0 Andy Rutherford Trustee 1.00 X 0 0 0 Don Smith Trustee 1.00 X 0 0 0 Morris Stocks Trustee 1.00 X 0 0 0 Greg Story Trustee 1.00 X 0 0 0 James Taylor II Trustee 1.00 X 0 0 0 Brian Wilson Trustee 1.00 X 0 0 0 Dr Crawford Howe Part Year Trustee 1.00 X 0 0 0 Dr Orville Jenkins Part Year Trustee 1.00 X 0 0 0 Dr David Nixon Part Year Trustee 1.00 X 0 0 0 Dr Gerald Skinner Part Year Trustee 1.00 X 0 0 0 Rev Eugene Wells Part Year Trustee 1.00 X 0 0 0 David Caldwell EVP of Finance 40.00 X 137405 0 50458 Stephen Pusey Provost 40.00 X 82815 0 60020 Mark Hosny Director NPW 40.00 X 118094 0 21276 James Agee ASC Professor - Business 40.00 X 116297 0 24416 Stephen Harris ASC Provost - Dean of Students 40.00 X 109553 0 8172 Susan Lahey ASC Prof Grad - PSYC 40.00 X 101260 0 7613 Holly Whitby ASC Provost - Dean of Enrollment 40.00 X 100221 0 4556 834598 0 295549 6 0 1 0 Pioneer College Caterers Inc 303 Glenrose Avenue Nashville TN 37210 Student food services 1782344 Case Cleaning Company PO Box 171053 Nashville TN 37217 Specialty cleaning/recovery 1413373 Tree of Life Bookstores Inc 4601 S Western Avenue Marion IN 46953 Bookstore services 772146 Belmont University 1900 Belmont Boulevard Nashville TN 37212 Student instruction 650326 American Constructors Inc 2900 Vanderbilt Place Suite 200 Nashville TN 37212 Construction services 597364 19 29433 575386 3501207 244492 4106026 Tuition and fees 611710 40821645 40821645 Auxiliary enterprises 611710 6760561 6760561 Other program revenue 611710 265436 265436 47847642 685099 685099 151140 26991 124149 124149 124149 14779379 410 13644872 10185 1134507 -9775 1124732 1124732 12203 29433 23681 -11478 -11478 53876170 47847642 0 1922502 12484976 12484976 554449 554449 98775 98775 17928361 13987497 3506305 434559 729482 561865 149664 17953 1601789 1254915 307420 39454 1206991 951242 225847 29902 41357 41357 76444 76444 32000 32000 177233 177233 253675 164213 84838 4624 868357 397609 467970 2778 1116116 648639 437573 29904 1014722 257259 743538 13925 4794041 1870027 2924014 521679 385961 129705 6013 98044 78804 17549 1691 32737 16041 16696 2651021 1299000 1352021 438 438 Miscellaneous expenses 2541746 1922743 473147 145856 Food service 1626014 13185 1612829 Tuition remission 898916 451556 447360 Instructional materials 479231 479231 88836 78906 8161 1769 51917430 37304107 13852895 760428 1693818 1313644 4545495 3054575 885314 2278161 377219 192308 221397 1004797 82379824 23704232 56037225 58675592 30060980 27962061 28824 30307 2422831 2525730 759983 790386 97033086 97827561 1866753 2286301 359340 720536 19800000 18770000 753491 758233 523104 327786 5484911 5155214 28787599 28018070 X 41265141 42988437 12392668 11891072 14587678 14929982 68245487 69809491 97033086 97827561 X 1958740 -510032 115296 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 X 26350249 359004 959153 886217 1405822 25376367 22066833 1124681 4116450 957715 26350249 20113659 1178983 1761805 987614 22066833 19252452 840974 958229 937996 20113659 16415443 664942 3354211 1182144 19252452 0.09120 0.58830 0.32050 0 0 4723340 4723340 3699705 61249047 20161429 44787323 7671400 3091055 4580345 5036332 451748 4584584 58675592 Deposits held in custody 363773 Refundable loan programs 1714934 Derivative contract 1688956 Annuity liability 739157 Life use obligation 404300 Capital lease obligation 244094 5155214 X 40877734 -510032 115296 -394736 41272470 169396 12434304 12603700 53876170 39313730 50672 50672 39263058 169396 12484976 12654372 51917430 Part IV, Line 2b: Deposits held in custody represent two endowments that TNU holds and administers for other organizations. TNU does not benefit from these endowments, and they are reported as an asset with a corresponding liability. Part V, Line 4: Trevecca Nazarene University's endowment exists mainly to provide scholarships for students. Secondarily, a small portion of the fund exists to provide funding to an endowed chair position in the religion department and another small portion supports the maintenance of the student center. 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 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 June 30, 2015 and 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 2010. Part XI, Line 2d - Other Adjustments: Change in the value of derivatives 115,296. Part XI, Line 4b - Other Adjustments: Student scholarships netted with tuition revenue 12,484,976. Rental expenses included on Part VIII, line 6b -26,991. Special fundraising events expense included on Part VIII, line 8b -23,681. Part XII, Line 2d - Other Adjustments: Special fundraising expense included on Part VIII, Line 8b 23,681. Rental expense included on Part VIII, line 6b 26,991. Part XII, Line 4b - Other Adjustments: Student scholarships netted with tuition revenue 12,484,976. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 Schedule E, Part I, Line 3 Nondiscrimination policies are included in all materials available to the public. Schedule E, Part I, Line 6 The university receives governmental support to aid students needing educational assistance. X X X X X 1 Kent Dove 2910 E Olcott Blvd Bloomington IN 47401 Consulting 0 0 32000 -32000 32000 -32000 TN Alumni Golf Classic 15468 8713 6755 1800 8744 1419 Trojan Booster Golf Scramble 13788 11025 2763 2800 369 1 12380 9695 2685 7539 1010 41636 29433 12203 1800 11544 7908 2429 23681 -11478 Schedule G, Part I, Line 2b, Column (v) The professional fundraiser works with the development office to address program and personnel needs for Trevecca. This includes providing guidance to further enhance major gifts and planned giving as well as providing assistance in the evaluation and monitoring of the annual giving program. 1 Student Scholarships & Financial Aid 1333 12484976 0 Part I, Line 2: Scholarship recipients are selected based on established merit and need-based criteria. The Financial Aid Director and Academic Department Heads work together to select institutional scholarship recipients. Qualifications for scholarships vary. All scholarships are monitored by the Financial Aid Department. X 1 1 X X X 0 0 0 0 0 0 0 0 0 Dan Boone President 65466 0 0 0 3487 0 10715 0 109128 0 188796 0 0 0 David Caldwell EVP of Finance 136853 0 0 0 552 0 7341 0 43922 0 188668 0 0 0 Part I, Line 1a A Section 107 minister's housing allowance was provided to the President. This benefit was treated as nontaxable compensation. A Facilities Board of the Metropolitan Government of Nashville Tennessee 620613016 2009-07-30 12590000 Consolidate two outstanding bond issues; add'l funding for building remodel 0 0 0 B Facilities Board of the Metropolitan Government of Nashville Tennessee 620613016 2010-12-22 10000000 Renovation project 0 0 0 A 12590000 12590000 2010 1 0 1 1 B 10000000 837093 36842 9126065 2012 1 0 1 1 A 0 0 1 0 0 0.00000 0.00000 0.00000 0 0 0 B 0 0 1 0 0 0.00000 0.00000 0.00000 0 0 0 A 0 0 1 0 1 1 Suntrust Bank 20.000000000000 0 0 0 0 0 B 0 0 1 0 1 1 Suntrust Bank 20.000000000000 0 0 0 0 0 A 0 B 0 112799 Financial aid/scholarships 22626 Tuition discounts Brent Tallman Family of Officer & Board Member 86775 W-2 wages and benefits 0 Amy Tallman Family of Officer & Board Member 12000 W-2 wages and benefits 0 X 9663 FMV X 3 45011 FMV X 1 150000 Appraised value X Furniture and equipment 7 39565 FMV X Miscellaneous 2 254 FMV 0 1 0 Part I, Column (b): The number of contributions represents the number of contributions received, not the number of items donated. Form 990, Part VI, Section A, line 1 The Executive Committee shall be composed of the President of the University, the Chair of the Board, the Vice-Chair of the Board, and the Secretary of the Board - all of whom shall serve ex officio - and nine additional members. The Executive Committee shall act for the Trustees in all matters not otherwise provided for in the interim between meetings, and shall care for all other duties as may be assigned to them by the entire Board of Trustees and shall through its secretary report all business transactions to the meetings of the Board of Trustees. Form 990, Part VI, Section B, line 11 The Form 990 is prepared by an independent CPA firm and reviewed by the V.P. of Finance and Administration. The reviewed Form 990 is then forwarded to the Audit Committee prior to filing. Form 990, Part VI, Section B, line 12c Board members and employees shall be required to file on an annual basis a Disclosure and Compliance Statement disclosing their personal interest, direct or indirect, in any University transaction during the previous year and affirming that (i) the Employee has read Trevecca Nazarene University's Conflict of Interest Policy, and (ii) the Employee will avoid participating in any University decision in which the Employee or any affiliate could be said to have any personal financial or other stake in the decision or where other outside influences could influence the Employee's independent judgment. Copies of all Disclosure and Compliance Statements are reviewed by the VP of Finance and kept as a matter of record in the Human Resources Department. If a conflict were to arise during the course of a board meeting, the individual with the potential conflict would abstain from voting. Form 990, Part VI, Section B, line 15 The President's compensation is reviewed by the Board's compensation committee in light of the annual compensation survey. The audit committee reviews the compensation of the other officers annually. They use compensation surveys to determine if pay is reasonable and in-line with similar organizations. This process is documented in the board/committee minutes upon approval. Form 990, Part VI, Section C, line 19 Trevecca Nazarene University makes its governing documents, conflict of interest policy, and financial statements available to the public upon request. Form 990, Part XI, line 9: Change in value of derivative contract 115,296. Form 990, Part XII, Line 2c The University's Audit Committee assumes responsibility for oversight of the audit of its financial statements and selection of its independent accountant. This process has not changed since the prior year. Charitable Remainder Unitrust (1) Charitable Remainder Unitrust TN Trevecca Nazarene University 0 Beneficial Interest in Trust (1) Beneficial Interest in Trust TN Trevecca Nazarene University 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0