2014-04-10T19:00:03-05:00 2013-05-31 CROWE HORWATH LLP 105 Continental Place Suite 200 Brentwood TN 37027 990 2012-06-01 620465076 BELMONT UNIVERSITY BELM 6154606404 1900 BELMONT BLVD NASHVILLE TN 37203 STEVEN T LASLEY 2014-04-08 true Rachel Spurlock P00520729 6153605500 2012 2015-11-30 17:44:51Z STEVEN T LASLEY 1900 BELMONT BLVD NASHVILLE TN 37212 234930412 false X WWW.BELMONT.EDU X 1951 TN BELMONT UNIVERSITY IS A PRIVATE, COEDUCATIONAL INSTITUTION FOCUSED ON UNDERGRADUATE AND POST-GRADUATE EDUCATION. IT PROVIDES AN ACADEMICALLY CHALLENGING EDUCATION AND STRIVES TO BE A LEADER AMONG TEACHING UNIVERSITIES BRINGING TOGETHER THE BEST OF LIBERAL ARTS AND PROFESSIONAL EDUCATION IN A CHRISTIAN COMMUNITY OF LEARNING AND SERVICE. 44 43 3073 75 917765 0 6877911 11392268 179180893 197714964 1382149 3863265 4993026 5258426 192433979 218228923 24975199 29783551 0 0 77897010 84575106 0 0 2718168 44702404 47310586 147574613 161669243 44859366 56559680 500801950 554617326 169741892 155236850 331060058 399380476 BELMONT UNIVERSITY IS A STUDENT-CENTERED CHRISTIAN COMMUNITY PROVIDING AN ACADEMICALLY CHALLENGING EDUCATION THAT EMPOWERS MEN AND WOMEN OF DIVERSE BACKGROUNDS TO ENGAGE AND TRANSFORM THE WORLD WITH DISCIPLINED INTELLIGENCE, COMPASSION, COURAGE AND FAITH. false false 134954509 29783551 198374886 EDUCATIONAL PROGRAMS, INSTRUCTION AND STUDENT SERVICES ARE PROVIDED TO MORE THAN 6,900 STUDENTS, OFFERING MORE THAN 65 UNDERGRADUATE AND GRADUATE ACADEMIC PROGRAMS THROUGH ITS SEVEN COLLEGES AND SCHOOLS, INCLUDING THE MIKE CURB COLLEGE OF ENTERTAINMENT AND MUSIC BUSINESS, COLLEGE OF PHARMACY, THE COLLEGE OF BUSINESS ADMINISTRATION, AND THE COLLEGE OF LAW. BELMONT OFFERS INTERCOLLEGIATE ATHLETICS IN FIFTEEN DIFFERENT SPORTS, ALL COMPETING IN THE OHIO VALLEY CONFERENCE. BELMONT STUDENT ATHLETES HAVE COMPILED IMPRESSIVE RECORDS, BOTH ON AND OFF THE PLAYING COURT AND FIELD. THE BELMONT MEN'S BASKETBALL TEAM HAS MADE APPEARANCES IN SIX OUT OF THE PAST EIGHT NCAA NATIONAL CHAMPIONSHIP TOURNAMENTS, WHILE THE MEN'S BASEBALL TEAM HAS MADE APPEARANCES IN THEIR RESPECTIVE NCAA TOURNAMENT THE PAST TWO YEARS. STUDENT ACTIVITIES ROUND OUT THE COLLEGIATE EXPERIENCE, WITH A FOCUS ON CAMPUS LIFE AND COMMUNITY, STUDENT HEALTH AND WELFARE, AND STUDENT ADVOCACY AND SUPPORT. THERE ARE CURRENTLY MORE THAN 100 CLUBS AND ORGANIZATIONS AVAILABLE TO STUDENTS. 134954509 true true false true false false true true true true false false false true true true false true false true false true false false false false false true true true false false false false false false true true false true true false false false true true false false false false true 343 0 true 3073 true true true false false false false true true false false false false X 44 43 true false false false false false false true true false false true true true true true true true false false X DAVID RUNYAN 6154606788 1900 BELMONT BLVD NASHVILLE TN 37212 GORDON INMAN 1.00 X X 0 0 0 JOE RUSSELL 1.00 X X 0 0 0 MARTY DICKENS 1.00 X X 0 0 0 ANDREA OVERBY 1.00 X 0 0 0 ANNE RUSSELL 1.00 X 0 0 0 BARBARA MASSEY ROGERS 1.00 X 0 0 0 BILL LEE 1.00 X 0 0 0 BOB WHISENANT 1.00 X 0 0 0 BRUCE MAXWELL 1.00 X 0 0 0 BRYAN WILLIAMS 1.00 X 0 0 0 CAROLYN MCAFEE 1.00 X 0 0 0 CAROLYN PATTON 1.00 X 0 0 0 CATHERINE BIRD 1.00 X 0 0 0 CORDIA HARRINGTON 1.00 X 0 0 0 CYNTHIA LEU 1.00 X 0 0 0 DAMON HININGER 1.00 X 0 0 0 DAN FOUTCH 1.00 X 0 0 0 DANA SHERRARD 1.00 X 0 0 0 DREW MADDUX 1.00 X 0 0 0 EUGENIA WINWOOD 1.00 X 0 0 0 HELEN KENNEDY 1.00 X 0 0 0 JACK BENZ 1.00 X 0 0 0 JIM HOLLEMAN 1.00 X 0 0 0 JIM REDD 1.00 X 0 0 0 JIM WILKERSON 1.00 X 0 0 0 JOHN FERGUSON 1.00 X 0 0 0 JON ROEBUCK 1.00 X 0 0 0 KLAY KELLEY 1.00 X 0 0 0 LARRY THRAILKILL 1.00 X 0 0 0 LEE BEAMAN 1.00 X 0 0 0 MARK WRIGHT 1.00 X 0 0 0 MICHAEL W SMITH 1.00 X 0 0 0 MIKE SMITH 1.00 X 0 0 0 MILTON JOHNSON 1.00 X 0 0 0 PAUL WALKER 1.00 X 0 0 0 RANDALL BASKIN 1.00 X 0 0 0 RANDY SMITH 1.00 X 0 0 0 RON KNOX 1.00 X 0 0 0 STEVE HEWLETT 1.00 X 0 0 0 STEVE HORRELL 1.00 X 0 0 0 STUART MCWHORTER 1.00 X 0 0 0 TB BOYD 1.00 X 0 0 0 TERRY TURNER 1.00 X 0 0 0 VINCENT CAMPBELL 1.00 X 0 0 0 BETHEL THOMAS 40.00 X 211136 0 21721 JASON ROGERS 40.00 X 207691 0 26166 PAULA GILL 40.00 X 144784 0 21419 ROBERT FISHER 40.00 X 960289 0 239401 STEVEN LASLEY 40.00 X 217723 0 31615 SUSAN WEST 40.00 X 144042 0 26080 THOMAS BURNS 40.00 X 263515 0 27496 TODD LAKE 40.00 X 88595 0 27251 CYNTHIA CURTIS 40.00 X 159198 0 14503 JAMES RAINES 40.00 X 260747 0 29130 JEFFREY KINSLER 40.00 X 268673 0 20558 MICHAEL STRICKLAND 40.00 X 156348 0 23493 PHILIP JOHNSTON 40.00 X 231410 0 25059 RICHARD BYRD 40.00 X 589471 0 119630 WESLEY BULLA 40.00 X 172569 0 15159 ALBERTO GONZALES 40.00 X 198888 0 11091 BRITTNEY EZELL 40.00 X 173712 0 6447 HARRY HUTCHISON 40.00 X 209103 0 26067 JEFFREY CORNWALL 40.00 X 198900 0 22667 SCOTT MCPHEE 40.00 X 172618 0 13883 5029412 0 748836 130 false true false R C MATHEWS CONTRACTOR LLC PO BOX 24687 NASHVILLE TN 37202 PRIMARY GENERAL CONTRACTOR 42382153 SODEXO 1900 BELMONT BLVD NASHVILLE TN 37212 FOOD SERVICE VENDOR 6630849 EARL SWENSSON ASSOCIATES 2100 WEST END AVENUE 1200 NASHVILLE TN 37203 ARCHITECTURAL AND DESIGN 3457720 MCCARTHY JONES & WOODARD PO BOX 40445 NASHVILLE TN 37204 CONSTRUCTION SERVICE AND SUPPLY COMPANY 2075260 NEALS ELECTRIC SUPPLY 1044 3RD AVE NORTH NASHVILLE TN 37210 ELECTRICAL 1297126 94 1578576 9813692 1152449 11392268 TUITION AND FEES - INSTRUCTION 611710 171834372 171834372 RESIDENCE HALLS - STUDENT SERVICES 611710 15580432 15580432 BOOKSTORE SALES 451211 4493876 4493876 CONFERENCES/SEMINARS/WORKSHOPS 611710 2926616 2926616 STUDY ABROAD - INSTRUCTION 611710 1433547 1433547 1446121 1446121 0 0 197714964 1703563 1703563 0 257960 257960 242866 242866 0 242866 242866 18070831 234247 16125219 20157 1945612 214090 2159702 2159702 6843 0 6843 6843 0 663906 556113 107793 107793 CAFETERIA 722210 3065277 3065277 CURB EVENTS CENTER 711300 782028 354552 427476 OCEAN WAY MUSIC STUDIO 711300 490289 490289 305370 305370 0 0 4642964 218228923 198374886 917765 7544004 0 29758896 29758896 24655 24655 0 5016244 2518521 2261911 235812 0 64901353 56753222 6683688 1464443 1920332 1679508 201048 39776 8074776 280019 7384478 410279 4662401 3958841 590908 112652 0 33166 33166 78955 78955 0 0 120129 120129 3581147 3118915 347728 114504 1487098 931536 537413 18149 2431719 1911619 402856 117244 289503 179856 106978 2669 0 6574834 6071845 502989 4938082 4706815 217601 13666 0 15597 14570 1027 3658631 3658631 0 7289741 6756003 533738 606645 298446 300899 7300 DUES & SUBSCRIPTIONS 3433008 2478317 944787 9904 BOOKSTORE SALES 3289255 3289255 REPAIRS & MAINTENANCE 2672450 2550800 121650 SMALL EQUIPMENT & SUPPLIES 1861840 1588348 271222 2270 4948786 2425891 2353395 169500 161669243 134954509 23996566 2718168 0 7726 6694 33998958 46434187 11417427 12125659 2158133 1748913 0 0 0 3401173 3380223 1026465 972762 400688 463439 462898210 89636585 320633570 373261625 96447419 110526019 0 0 0 0 31310391 5697805 500801950 554617326 22887885 12977477 3302166 4865118 131912830 127113665 552963 558781 0 5751595 5600731 5334453 4121078 169741892 155236850 X 242674184 300768893 31725263 37867688 56660611 60743895 331060058 399380476 500801950 554617326 X 56559680 10442217 1318521 X false true X true true true X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false false false false false false false false true 10022 10022 false Description of the activities reported on Lines 1a through 1i Schedule C, Part II-B, Line 1 BELMONT UNIVERSITY PAID DUES TO TENNESSEE INDEPENDENT COLLEGES AND UNIVERSITIES ASSOCIATION IN THE AMOUNT OF $50,109. A PORTION OF THE DUES IN THE AMOUNT OF $10,022 WAS SPENT ON LOBBYING ACTIVITY. 0 379550 X X X false false true X 73789111 4100879 12289824 1746514 88433300 75832794 2724138 -2748936 2018885 73789111 65541914 738367 11206209 1653696 75832794 57630761 1194093 8430871 1713811 65541914 73889757 1805398 1665727 19730121 57630761 0.07130 0.68690 0.24180 false false 23746588 23746588 366965512 53439628 313525884 4528200 2163485 2364715 29682405 25351464 4330941 37975505 8682008 29293497 373261625 0 INTEREST RATE SWAPS 4121078 4121078 X Collections of art - description of collections Schedule D, Part III, Line 4 THE COLLECTION CONSISTS OF 2 YEMINI SCROLLS FROM THE MID 19TH CENTURY (APPROXIMATELY 150-175 YEARS OLD) THAT WERE GIVEN TO THE UNIVERSITY 4-5 YEARS AGO. THEY ARE SYNAGOGUE TORAH SCROLLS, HAND-WRITTEN ON PARCHMENT. THEY ARE STORED IN AN ARCHIVE ROOM IN THE LIBRARY, SINCE THEY CANNOT BE KEPT IN FIDELITY HALL BECAUSE OF STEAM HEAT. OCCASIONALLY THEY ARE USED IN CLASSES TO SHOW THEM TO STUDENTS AND TALK ABOUT THEIR CHARACTERISTICS AND SIGNIFICANCE. THREE REPLICA STATUES WERE PURCHASED BY THE UNIVERSITY AND ARE PLACED THROUGHOUT THE CAMPUS IN AN EFFORT TO HELP THE CAMPUS APPEAR AS IT MAY HAVE LOOKED BACK WHEN THE MANSION WAS ORIGINALLY BUILT. ADDITIONALLY, THE UNIVERSITY PURCHASED SEVERAL PIECES OF ART WORK THAT ARE PLACED IN THE GORDON INMAN BUILDING. THEY WERE BOUGHT TO ENHANCE THE APPEARANCE OF THE INTERIOR, SINCE THE BUILDING WOULD BE USED FOR VARIOUS GATHERINGS BY THE PRESIDENT AND SENIOR LEADERSHIP. A MAJORITY OF THE VALUE OF THE COLLECTION LIES IN THE VALUE OF THE SCROLLS. (TOTAL VALUE OF THE COLLECTION ON THE BOOKS EQUALS $217,050 AND THE VALUE OF THE SCROLLS ON THE BOOKS IS $162,500.) Explanation of escrow agreement Schedule D, Part IV, Line 2b DEPOSITS HELD FOR OTHERS ARE MONIES HELD BY THE UNIVERSITY FOR VARIOUS CLUBS, GROUPS, AS AGENCY FUNDS. THE MONIES ARE ENTRUSTED TO THE UNIVERSITY FOR SAFEKEEPING AND MAY BE USED OR WITHDRAWN BY THE DEPOSITOR AT WILL. FUNDS MAY BE HELD ON BEHALF OF STUDENTS, FACULTY, STAFF, OR ORGANIZATIONS. Intended uses of endowment funds Schedule D, Part V, Line 4 THE INTENDED USE OF ENDOWMENT FUNDS IS FOR STUDENT SCHOLARSHIPS. FIN 48 (ASC 740) footnote Schedule D, Part X, Line 2 THE UNIVERSITY IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE; ACCORDINGLY, NO PROVISION FOR INCOME TAXES HAS BEEN MADE IN THE ACCOMPANYING CONSOLIDATED FINANCIAL STATEMENTS. THE UNIVERSITY IS NOT CLASSIFIED AS A PRIVATE FOUNDATION. THE UNIVERSITY FILES A FORM 990 (RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX) ANNUALLY. WHEN THESE RETURNS ARE FILED, IT IS HIGHLY CERTAIN THAT SOME POSITIONS TAKEN WOULD BE SUSTAINED UPON EXAMINATION BY THE TAXING AUTHORITIES, WHILE OTHERS ARE SUBJECT TO UNCERTAINTY ABOUT THE MERITS OF THE TAX POSITION TAKEN OR THE AMOUNT OF THE POSITION THAT WOULD ULTIMATELY BE SUSTAINED. EXAMPLES OF TAX POSITIONS COMMON TO UNIVERSITIES INCLUDE SUCH MATTERS AS THE FOLLOWING: THE TAX EXEMPT STATUS OF EACH ENTITY AND VARIOUS POSITIONS RELATIVE TO POTENTIAL SOURCES OF UNRELATED BUSINESS INCOME TAX ("UBIT"). UBIT IS REPORTED ON FORM 990-T, AS APPROPRIATE. THE BENEFIT OF A TAX POSITION IS RECOGNIZED IN THE FINANCIAL STATEMENTS IN THE PERIOD DURING WHICH, BASED ON ALL AVAILABLE EVIDENCE, MANAGEMENT BELIEVES THAT IT IS MORE LIKELY THAN NOT THAT THE POSITION WILL BE SUSTAINED UPON EXAMINATION, INCLUDING THE RESOLUTION OF APPEALS OR LITIGATION PROCESSES, IF ANY. TAX POSITIONS ARE NOT OFFSET OR AGGREGATED WITH OTHER POSITIONS. TAX POSITIONS THAT MEET THE "MORE LIKELY THAN NOT" RECOGNITION THRESHOLD ARE MEASURED AS THE LARGEST AMOUNT OF TAX BENEFIT THAT IS MORE THAN 50% LIKELY TO BE REALIZED ON SETTLEMENT WITH THE APPLICABLE TAXING AUTHORITY. THE PORTION OF THE BENEFITS ASSOCIATED WITH TAX POSITIONS TAKEN THAT EXCEEDS THE AMOUNT MEASURED AS DESCRIBED ABOVE WOULD BE REFLECTED AS A LIABILITY FOR UNCERTAIN TAX BENEFITS IN THE ACCOMPANYING STATEMENTS OF FINANCIAL POSITION ALONG WITH ANY ASSOCIATED INTEREST AND PENALTIES THAT WOULD BE PAYABLE TO THE TAXING AUTHORITIES UPON EXAMINATION. AS OF MAY 31, 2013 AND 2012, THERE WERE NO UNCERTAIN TAX POSITIONS IDENTIFIED. THE UNIVERSITY DOES NOT EXPECT THE TOTAL AMOUNT OF UNRECOGNIZED TAX BENEFITS TO SIGNIFICANTLY CHANGE IN THE NEXT 12 MONTHS. FORMS 990 AND 990-T FILED BY THE UNIVERSITY ARE SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE (IRS) UP TO THREE YEARS FROM THE EXTENDED DUE DATE OF EACH RETURN. MANAGEMENT BELIEVES THE FORMS 990 AND 990-T HAVE BEEN FILED APPROPRIATELY. FORMS 990 AND 990-T FILED BY THE UNIVERSITY ARE NO LONGER SUBJECT TO EXAMINATION FOR THE FISCAL YEARS ENDED MAY 31, 2009 AND PRIOR. THE UNIVERSITY WOULD RECOGNIZE INTEREST AND PENALTIES RELATED TO UNRECOGNIZED TAX POSITIONS IN INTEREST AND INCOME TAX EXPENSE, RESPECTIVELY. THE UNIVERSITY HAS NO AMOUNTS ACCRUED FOR INTEREST OR PENALTIES AS OF MAY 31, 2013 AND 2012. true true true true true true true false false false false false false false false true false true Racially nondiscriminatory policy Schedule E, Part I, Line 3 THE COLLEGE'S NONDISCRIMINATORY POLICY IS PRINTED IN THE "EMPLOYEE POLICIES AND PROCEDURES" MANUAL AS WELL AS THE STUDENT HANDBOOK. Financial aid or assistance from a governmental agency Schedule E, Part I, Line 6a THE PERKINS LOAN PROGRAM IS A CAMPUS-BASED PROGRAM PROVIDING FINANCIAL ASSISTANCE TO ELIGIBLE POSTSECONDARY SCHOOL STUDENTS BASED ON FINANCIAL NEED. THE DEPARTMENT OF EDUCATION PROVIDES FUNDS ALONG WITH THE UNIVERSITY, WHICH ARE USED TO MAKE LOANS TO ELIGIBLE STUDENTS AT LOW INTEREST RATES. true EUROPE (INCLUDING ICELAND AND GREENLAND) 0 0 GRANTMAKING 15590 EAST ASIA AND THE PACIFIC 0 0 GRANTMAKING 4080 MIDDLE EAST AND NORTH AFRICA 0 0 GRANTMAKING 1975 SOUTH ASIA 0 0 GRANTMAKING 1800 CENTRAL AMERICA AND THE CARIBBEAN 0 0 GRANTMAKING 1210 0 0 24655 GRANTMAKING- STUDY ABROAD EUROPE (INCLUDING ICELAND AND GREENLAND) 23 15590 ACCOUNT CREDIT 0 N/A N/A GRANTMAKING- STUDY ABROAD EAST ASIA AND THE PACIFIC 7 4080 ACCOUNT CREDIT 0 N/A N/A GRANTMAKING- STUDY ABROAD MIDDLE EAST AND NORTH AFRICA 3 1975 ACCOUNT CREDIT 0 N/A N/A GRANTMAKING- STUDY ABROAD SOUTH ASIA 1 1800 ACCOUNT CREDIT 0 N/A N/A GRANTMAKING- STUDY ABROAD CENTRAL AMERICA AND THE CARIBBEAN 2 1210 ACCOUNT CREDIT 0 N/A N/A false false false false false false Procedures for monitoring use of grant funds Schedule F, Part I, Line 2 GRANT RECIPIENTS ARE BELMONT UNIVERSITY STUDENTS STUDYING ABROAD. GRANTS ARE OFFSET AGAINST STUDENT TUITION ACCOUNTS. Method used to account for expenditures on organization's financial statements Schedule F, Part I, Line 3 CENTRAL AMERICA AND THE CARIBBEAN: ACCRUAL EAST ASIA AND THE PACIFIC: ACCRUAL EUROPE (INCLUDING ICELAND AND GREENLAND): ACCRUAL MIDDLE EAST AND NORTH AFRICA: ACCRUAL SOUTH ASIA: ACCRUAL Method used to account for expenditures on organization's financial statements Schedule F, Part I, Line 3 CENTRAL AMERICA AND THE CARIBBEAN: ACCRUAL EAST ASIA AND THE PACIFIC: ACCRUAL EUROPE (INCLUDING ICELAND AND GREENLAND): ACCRUAL MIDDLE EAST AND NORTH AFRICA: ACCRUAL SOUTH ASIA: ACCRUAL true MERIT BASED 2087 16121467 NEED BASED 1454 6582443 ATHLETIC 265 4492080 ENDOWED 523 1697913 TALENT BASED 261 864993 Procedures for monitoring use of grant funds Schedule I, Part I, Line 2 THE UNIVERSITY AWARDS GRANTS AND SCHOLARSHIPS TO ENROLLED STUDENTS. GRANTS ARE CREDITED TO THE RECIPIENTS ACCOUNTS FOR TUITION, FEES, ROOM AND BOARD. X X true true X X false true false false false false false false false ROBERT FISHER 819021 0 0 0 141268 0 222863 0 16538 0 1199690 0 0 0 THOMAS BURNS 263455 0 0 0 60 0 12500 0 14996 0 291011 0 0 0 STEVEN LASLEY 217465 0 0 0 258 0 11368 0 20247 0 249338 0 0 0 JASON ROGERS 207601 0 0 0 90 0 8942 0 17224 0 233857 0 0 0 BETHEL THOMAS 209900 0 0 0 1236 0 10407 0 11314 0 232857 0 0 0 SUSAN WEST 143904 0 0 0 138 0 7647 0 18433 0 170122 0 0 0 RICHARD BYRD 502271 0 86942 0 258 0 104349 0 15281 0 709101 0 0 0 JEFFREY KINSLER 268535 0 0 0 138 0 11402 0 9156 0 289231 0 0 0 JAMES RAINES 260351 0 0 0 396 0 12500 0 16630 0 289877 0 0 0 PHILIP JOHNSTON 231014 0 0 0 396 0 10682 0 14377 0 256469 0 0 0 WESLEY BULLA 172311 0 0 0 258 0 8659 0 6500 0 187728 0 0 0 MICHAEL STRICKLAND 155586 0 0 0 762 0 8084 0 15409 0 179841 0 0 0 CYNTHIA CURTIS 158436 0 0 0 762 0 7971 0 6532 0 173701 0 0 0 JEFFREY CORNWALL 198642 0 0 0 258 0 9322 0 13345 0 221567 0 0 0 SCOTT MCPHEE 172222 0 0 0 396 0 7373 0 6510 0 186501 0 0 0 BRITTNEY EZELL 161658 0 12000 0 54 0 0 0 6447 0 180159 0 0 0 PAULA GILL 144646 0 0 0 138 0 7564 0 13855 0 166203 0 0 0 HARRY HUTCHISON 208707 0 0 0 396 0 10837 0 15230 0 235170 0 0 0 ALBERTO GONZALES 198651 0 0 0 237 0 0 0 11091 0 209979 0 0 0 Travel for companions Schedule J, Part I, Line 1a AIR TRAVEL WAS PROVIDED TWICE DURING THE FISCAL YEAR FOR THE PRESIDENT'S SPOUSE. SHE ACCOMPANIED HIM ON TWO TRIPS WHILE ON UNIVERSITY RELATED BUSINESS. THIS WAS NOT TREATED AS TAXABLE AND IS IN LINE WITH THE EXISTING TRAVEL AND ENTERTAINMENT POLICY OF THE UNIVERSITY. Health or social club dues or initiation fees Schedule J, Part I, Line 1a THE UNIVERSITY PAYS AN ANNUAL GOLF CLUB MEMBERSHIP ON BEHALF OF ITS HEAD BASKETBALL COACH. Supplemental nonqualified retirement plan Schedule J, Part I, Line 4b DR. ROBERT FISHER, UNIVERSITY PRESIDENT PARTICIPATES IN A SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN. IN FY 2013, $210,363 WAS CONTRIBUTED TO HIS PLAN. RICHARD BYRD, MEN'S BASKETBALL COACH, PARTICIPATES IN A SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN. IN FY 2013, $83,258 WAS CONTRIBUTED TO HIS PLAN. A HEALTH AND EDUCATIONAL FACILITIES BOARD OF METROPOLITAN GOVERNMENT OF NASHV ILLE AND DAVIDSON COUNTY TENNESSEE 626139016 2010-01-04 23000000 CONSTRUCTION OF CAMPUS FACILITIES false false false B HEALTH AND EDUCATIONAL FACILITIES BOARD OF METROPOLITAN GOVERNMENT OF NASHV ILLE AND DAVIDSON COUNTY TENNESSEE 626139016 592041TS6 2012-05-30 59162825 CONSTRUCTION OF CAMPUS FACILITIES false false false C HEALTH AND EDUCATIONAL FACILITIES BOARD OF THE METROPOLITAN GOVERNMENT OF N ASHVILLE AND DAVIDSON COUNTY TN (2012A) 626139016 2012-05-30 50900000 REFUNDING BOND ISSUE false false false A 2300000 0 23136460 0 0 0 0 0 0 23136460 0 0 2010 false false true true B 0 0 59162825 0 0 10058276 559269 0 0 48545280 0 0 true false true true C 3500000 0 50900000 0 0 50900000 0 0 0 0 0 0 true false true true A false false false false false false 0.0000 0.0000 0.0000 false false 0 false true B false false false false false false 0.0000 0.0000 0.0000 false false 0 false true C false false false false false false 0.0000 0.0000 0.0000 false false 0 false true A false true false false true false 0 false false false 0 false false true B false true false false true false 0.0 false false false 0.0 false false true C false true false false true false 0.0 false false false 0.0 false false true A true B true C true TOTAL PROCEEDS OF 2010 BOND ISSUE SCHEDULE K, PART II, LINE 3 TOTAL PROCEEDS OF BOND ISSUE IS EQUAL TO THE ISSUE PRICE OF $23,000,000 AS REPORTED IN PART I, COLUMN (E) AND INTEREST OF $136,460. WRITTEN PROCEDURES FOR REMEDIATION FOR ALL BOND ISSUES SCHEDULE K, PART III, LINE 9 THE ORGANIZATION IS IN THE PROCESS OF ADOPTING WRITTEN PROCEDURES TO ENSURE ALL NONQUALIFIED BONDS (IF ANY) OF THE ISSUE ARE REMEDIATED IN ACCORDANCE WITH THE ASSOCIATED REGULATIONS. THE ORGANIZATION STRIVES TO STAY ABREAST OF FEDERAL REGULATIONS AND CONSIDERS THE REPERCUSSIONS OF ALL SIGNIFICANT ACTIVITIES WHICH COULD FORESEEABLY HAVE AN IMPACT ON THE ORGANIZATION'S TAX EXEMPT BONDS AND THE ASSOCIATED FEDERAL TAX REGULATIONS. THE PROCEDURES WILL BE IMPLEMENTED DURING FY14. WRITTEN PROCEDURES TO MONITOR ARBITRAGE FOR ALL BOND ISSUES SCHEDULE K, PART IV, LINE 7 THE ORGANIZATION IS IN THE PROCESS OF ADOPTING WRITTEN PROCEDURES TO MONITOR THE ORGANIZATION'S ABILITY TO REMAIN IN COMPLIANCE WITH THE ARBITRAGE REQUIREMENTS UNDER SECTION 148 OF THE INTERNAL REVENUE CODE. THE ORGANIZATION STRIVES TO STAY ABREAST OF FEDERAL REGULATIONS AND CONSIDERS THE REPERCUSSIONS OF ALL SIGNIFICANT ACTIVITIES WHICH COULD FORESEEABLY HAVE AN IMPACT ON THE ORGANIZATION'S TAX EXEMPT BONDS AND THE ASSOCIATED FEDERAL TAX REGULATIONS. THE PROCEDURES WILL BE IMPLEMENTED DURING FY14. WRITTEN PROCEDURES TO UNDERTAKE CORRECTIVE ACTION FOR ALL BOND ISSUES SCHEDULE K, PART V THE ORGANIZATION IS IN THE PROCESS OF ADOPTING WRITTEN PROCEDURES WHICH DICTATE HOW MANAGEMENT TIMELY IDENTIFIES AND CORRECTS VIOLATIONS OF FEDERAL TAX REQUIREMENTS USING THE VOLUNTARY CLOSING AGREEMENT PROGRAM PROVIDED BY THE IRS WHEN SELF-REMEDIATION IS NOT AVAILABLE TO THE ORGANIZATION. THE ORGANIZATION STRIVES TO STAY ABREAST OF FEDERAL REGULATIONS AND CONSIDERS THE REPERCUSSIONS OF ALL SIGNIFICANT ACTIVITIES WHICH COULD FORESEEABLY HAVE AN IMPACT ON THE ORGANIZATION'S TAX EXEMPT BONDS AND THE ASSOCIATED FEDERAL TAX REGULATIONS. IN THE EVENT A VIOLATION IS IDENTIFIED THE ORGANIZATION'S POLICY IS TO CORRECT THE VIOLATION AS SOON AS POSSIBLE, WHILE WORKING WITH THE FEDERAL AUTHORITIES AS NECESSARY TO ENSURE THAT SUFFICIENT CONTROLS ARE PRESENT WHICH WILL GUARD AGAINST FUTURE VIOLATIONS. THE PROCEDURES WILL BE IMPLEMENTED DURING FY14. SEE PART V N/A 147149 DISCOUNTED TUITION SEE PART V N/A 4000 FINANCIAL AID LEE COMPANY BOARD MEMBER, BILL LEE, IS OWNER OF LEE CO. 167900 BUSINESS TRANSACTIONS false GRANTS OR ASSISTANCE BENEFITING INTERESTED PERSONS SCHEDULE L, PART III COLLEGES, UNIVERSITIES, AND PRIMARY AND SECONDARY SCHOOLS ARE NOT REQUIRED TO IDENTIFY INTERESTED PERSONS TO WHOM THEY PROVIDED SCHOLARSHIPS, FELLOWSHIPS, AND SIMILAR FINANCIAL ASSISTANCE. PURSUANT TO THE INSTRUCTIONS TO FORM 990, SCH L, PART III, COLUMNS(A) AND (B) HAVE BEEN LEFT BLANK. X 1152449 MARKET VALUE 0 false true false Number of contributions or items contributed. Schedule M, part I, column (b), Line 9 Delegate broad authority to a committee Form 990, Part VI, Section A, Line 1a ARTICLE VI, SECTION 1: THE EXECUTIVE COMMITTEE SHALL HAVE AND EXERCISE THE AUTHORITY OF THE BOARD OF TRUSTEES IN THE MANAGEMENT OF THE CORPORATION DURING THE INTERIM BETWEEN THE MEETINGS OF THE BOARD OF TRUSTEES. IN ADDITION, THE COMMITTEE SHALL BE RESPONSIBLE FOR COORDINATING WITH AND ADVISING THE PRESIDENT ON STRATEGIC ISSUES AFFECTING THE UNIVERSITY. Family/business relationships amongst interested persons Form 990, Part VI, Section A, Line 2 ANN RUSSELL AND JOE RUSSELL - FAMILY RELATIONSHIP Review of form 990 by governing body Form 990, Part VI, Section B, Line 11b THE FORM 990 IS REVIEWED BY THE CHIEF FINANCIAL OFFICER, WITH COPIES MARKED "DRAFT" AND THEN SUBMITTED ELECTRONICALLY TO EACH MEMBER OF THE BOARD OF DIRECTORS FOR REVIEW AND COMMENT. THE RETURN IS FORMALLY SUBMITTED UPON COMPLETION OF REVIEW. Conflict of interest policy Form 990, Part VI, Section B, Line 12c COMPLIANCE WITH THE ORGANIZATION'S CONFLICT OF INTEREST POLICY IS MONITORED ANNUALLY. UPDATED FORMS ARE REVIEWED BY THE CHIEF FINANCIAL OFFICER AND THE OFFICE OF INSTITUTIONAL EFFECTIVENESS. ALL INTERESTED PERSONS SHALL DISCLOSE TO THE BOARD ANY POSSIBLE CONFLICTS OF INTEREST. IN THE EVENT OF A CONFLICT, THE TRUSTEE OR OFFICER SHALL ABSENT HIM OR HERSELF FROM DISCUSSIONS OF, AND ABSTAIN FROM VOTING ON, SUCH MATTERS UNDER CONSIDERATION BY THE BOARD OF TRUSTEES OR ITS COMMITTEES. Process used to establish compensation of top management official Form 990, Part VI, Section B, Line 15a THE HUMAN RESOURCE DIRECTOR OBTAINS REGIONAL AND NATIONAL DATA ON COMPARABLE COMPENSATION OF SIMILAR POSITIONS AND SKILL LEVEL. COMPENSATION IS THEN REVIEWED BY THE SEARCH COMMITTEE WITH FINAL APPROVAL BY THE BOARD OF TRUSTEES. DOCUMENTATION OF THE PROCESS AND RESULTS IS KEPT IN HUMAN RESOURCES. THIS PROCESS WAS LAST CONDUCTED IN FY 2012. COMPENSATION OF TOP MANAGEMENT OFFICIAL FORM 990, PART VI, LINE 15A THE HUMAN RESOURCE DIRECTOR OBTAINS REGIONAL AND NATIONAL DATA ON COMPARABLE COMPENSATION OF SIMILAR POSITIONS AND SKILL LEVEL. THE COMPENSATION IS THEN REVIEWED BY THE SEARCH COMMITTEE WITH FINAL APPROVAL BY THE PRESIDENT OF THE UNIVERSITY. DOCUMENTATION OF THE PROCESS AND RESULTS IS KEPT IN HUMAN RESOURCES. THIS PROCESS WAS LAST CONDUCTED IN FY 2012. A SUBSEQUENT COMPENSATION STUDY WILL BE COMPLETED IN FY2014. COMPENSATION OF OTHER OFFICERS AND KEY EMPLOYEES FORM 990, PART VI, LINE 15B THE HUMAN RESOURCE DIRECTOR OBTAINS REGIONAL AND NATIONAL DATA ON COMPARABLE COMPENSATION OF SIMILAR POSITIONS AND SKILL LEVEL. THE COMPENSATION IS THEN REVIEWED BY THE SEARCH COMMITTEE WITH FINAL APPROVAL BY THE PRESIDENT OF THE UNIVERSITY. DOCUMENTATION OF THE PROCESS AND RESULTS IS KEPT IN HUMAN RESOURCES. THIS PROCESS WAS LAST CONDUCTED IN FY 2012. A SUBSEQUENT COMPENSATION STUDY WILL BE COMPLETED IN FY2014. Governing documents, conflict of interest policy and financial statements available to the public Form 990, Part VI, Section C, Line 19 FINANCIAL STATEMENTS, GOVERNING DOCUMENTS, AND CONFLICT OF INTEREST POLICIES ARE NOT REQUIRED DISCLOSURES PURSUANT TO INTERNAL REVENUE CODE (IRC) SECTION 6104. THESE DOCUMENTS ARE NOT AVAILABLE TO THE PUBLIC AT THIS TIME. Other changes in net assets or fund balances Form 990 , Part XI, Line 9 CHANGE IN INTEREST RATE SWAPS - 1213376; CHANGE IN VALUE OF SPLIT INTEREST TRUSTS - 105145; MIDTOWN CAPITAL INVESTMENTS LLC 2319 CRESTMOOR RD NASHVILLE TN 37215 DEVELOPMENT OF CAMPUS FACILITIES TN 0 0 BELMONT UNIVERSITY CHARITABLE REMAINDER TRUST (1) INVESTMENTS TN NA TRUST false false false false false false false false false false false false false false false false false false false