2014-04-14T19:51:28-05:00 2013-05-31 363990892 Capin Crouse LLP 1255 Lakes Parkway Suite 130 Lawrenceville GA 30043 990 2012-06-01 570314406 North Greenville University NORT 8649777000 PO Box 1892 Tigerville SC 29688 Dr James Epting 8649777000 2014-04-14 1 David C Moja P00747006 6785185301 2012 2015-11-30 17:44:51Z Dr James Epting PO Box 1892 Tigerville SC 29688 60577192 0 X www.NGU.edu X 1892 SC The University offers a quality education in a biblically sound, Christ-centered environment. 25 24 1149 100 0 0 5783927 8817750 42061850 44429037 572968 1321439 -53392 48475 48365353 54616701 12985675 14343232 0 0 16943141 17479167 0 0 1008689 11954523 14074837 41883339 45897236 6482014 8719465 91366731 102578019 4359707 5984831 87007024 96593188 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 42618048 14343232 44429037 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 2,428 students. 42618048 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 52 0 1 1149 1 0 0 0 0 0 1 1 0 1 0 X 25 24 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 0 0 SC X Michelle Sabou 8649777000 PO Box 1892 Tigerville SC 29688 Dr Arnold E Emory 1.00 X X 0 0 0 Ronald K Edwards 1.00 X X 0 0 0 Rev Bennie L Durham 1.00 X X 0 0 0 Michael D Hamrick 1.00 X X 0 0 0 Dr James A Black Jr 1.00 X 0 0 0 Edward C Case 1.00 X 0 0 0 David J Charpia 1.00 X 0 0 0 Jimmy E Cox 1.00 X 0 0 0 Rev Robert A Dickard 1.00 X 0 0 0 Rebecca W Freel 1.00 X 0 0 0 Beverly N Hawkins 1.00 X 0 0 0 Dr Joe F Hayes 1.00 X 0 0 0 Dr Ralph S Hendricks 1.00 X 0 0 0 Rev Todd Johnson 1.00 X 0 0 0 Rev David L Kite 1.00 X 0 0 0 Lucian R Lee Jr 1.00 X 0 0 0 Dr J Lee McCormick 1.00 X 0 0 0 Eugene W Merritt 1.00 X 0 0 0 Dr Bruce A Russell 1.00 X 0 0 0 Julie P Styles 1.00 X 0 0 0 Dr G Elton Todd 1.00 X 0 0 0 Dr Donald E Ward 1.00 X 0 0 0 Dr Donald J Wilton 1.00 X 0 0 0 Dr Melvin K Younts 1.00 X 0 0 0 Daniel Boling 1.00 X 0 0 0 Lee Capell 1.00 X 0 0 0 Dr Ralph Carter 1.00 X 0 0 0 David Edwards 1.00 X 0 0 0 Mark Ells 1.00 X 0 0 0 Laura Messer 1.00 X 0 0 0 Dr Lucile Sullivan 1.00 X 0 0 0 Dr James Epting 35.50 X 303543 0 86118 Michelle Sabou 35.50 X 105111 0 25291 Rev Mayson Easterling 35.50 X 103646 0 48767 Dr Joseph Isgett 35.50 X 103781 0 33339 Wayne Landrith 35.50 X 108060 0 18475 Dr Tony Beam 35.50 X 100362 0 44668 Dr Stephen Crouse 35.50 X 98364 0 39680 Alexander Miller 35.50 X 99439 0 36893 Randall Pannell 35.50 X 102305 0 23482 Keli Sewell 35.50 X 100331 0 36313 Thomas Allen 35.50 X 104208 0 13455 1329150 0 406481 9 0 1 0 Aramark Corporation PO Box 198532 Atlanta GA 30384 Food Services 3085044 Styles Contracting 430 Tigerville Road Travelers Rest TN 29690 Contractor Services 100700 2 13215 1233036 111474 7460025 935673 8817750 Tuition and fees 900099 29234313 29234313 Auxiliary revenue 900099 14852728 14852728 Miscellaneous income 900099 341996 341996 44429037 573049 573049 6677927 5881412 48125 796515 -48125 748390 748390 79429 13215 30954 48475 48475 54616701 44429037 0 1369914 14343232 14343232 1692103 883148 533047 275908 250507 79248 82637 88622 12617092 11625427 680687 310978 533684 501760 21104 10820 1287746 1180242 94532 12972 1098035 988164 63321 46550 10911 10911 52500 13398 39102 139120 139120 47240 46328 912 43360 43360 1464070 1212889 90890 160291 456271 456271 739193 724472 14721 473667 438215 11202 24250 60391 50885 5346 4160 4718 4498 190 30 1737121 1655961 70045 11115 186135 172811 13324 Food Services 3194049 3194049 Repairs & Maintenance 3068292 2924937 123722 19633 Auxiliary Expenses 1314953 1314953 1082846 807160 275686 45897236 42618048 2270499 1008689 11325 11325 23498167 28964909 356846 325861 593802 664759 350 350 71297757 20431478 49351029 50866279 7347632 9694747 8403775 10001457 1803805 2048332 91366731 102578019 1492236 2125054 1500676 1532455 508311 431234 145833 129167 712651 1766921 4359707 5984831 X 70520952 73579062 1329664 5746152 15156408 17267974 87007024 96593188 91366731 102578019 X 8719465 1334114 51937 -519352 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 16632823 1839690 2537892 40775 51074 20918556 16897846 635120 -829059 13067 58017 16632823 14005945 541201 2445568 30756 64112 16897846 12138209 260413 1702013 26490 68200 14005945 14141240 885136 -2792897 25644 69626 12138209 0.15260 0.73070 0.11670 0 1 1 7692821 7692821 51425428 13973650 37451778 1503664 384609 1119055 7978486 6073219 1905267 2697358 2697358 50866279 62824 C Cash value of life insurance 555071 F Baptist Foundation 8566770 F alternative Investments 816792 F 10001457 Student deposits 449258 Trust liability 64507 Funds held for others 135295 Post-retirement benefit obligation 9364 Capital lease obligation 1108497 1766921 X 41032002 1334114 51937 -488398 897653 40134349 139120 14343232 14482352 54616701 31445838 30954 30954 31414884 139120 14343232 14482352 45897236 Description of Intended Use of Endowment Funds: 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. Description of Uncertain Tax Positions Under FIN 48: 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, 2013 and 2012, 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 207,240. Fundraising expenses reported on Part VIII, Line 8B 30,954. Unrealized loss on assets held for sale -726,592. Part XI, Line 4b - Other Adjustments: Scholarships netted with revenue 14,343,232. Part XII, Line 2d - Other Adjustments: Fundraising Expenses reported on Part VIII, Line 8B 30,954. Part XII, Line 4b - Other Adjustments: Scholarships netted with revenue 14,343,232. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 Explanation of Nondiscriminatory Policy Publication 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. Explanation of Government Financial Assistance 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 92644 13215 79429 0 19784 5905 4603 0 662 92644 13215 79429 19784 5905 4603 662 30954 48475 1 Scholarships 2024 14343232 0 Procedure for Monitoring Grants in the U.S.: Part I, Line 2: Schedule I, 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 295623 0 0 0 7920 0 10000 0 76118 0 389661 0 0 0 Rev Mayson Easterling 103646 0 0 0 0 0 10934 0 37833 0 152413 0 0 0 Part I, Line 1a The President is required to live on the University's main campus. The home is University property and is adjacent to the University. This benefit is not taxable. A housing allowance is also provided to the VP of Business Affairs, VP for Development, and VP for Acadmics as a nontaxable benefit. These positions 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. 20916 Merit Based Tuition assistance Paul Epting Family Member of President 82637 W-2 and Benefits 0 Joe Hayes Jr Family Member of Board Member 88622 W-2 and Benefits 0 Vlad Sabou Family Member of VP Business Affairs 32351 W-2 and Benefits 0 Nancy Isgett Family Member of VP of Graduate Studies 46898 W-2 and Benefits 0 Styles Contracting Family Member of Board Member, Julie Styles 100700 Contract Services 0 X 43124 Sale of comparable asset X 724621 Sale of comparable asset X 8 67200 Sale of comparable asset X 1 85400 Appraisal X 15 8819 Fair market value X Gift certificates 34 5366 Fair market value X Other 7 1143 Fair market value 1 0 1 0 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 committees 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 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 themselves. 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. During the fiscal year 2013 review process, the committee looked at six different colleges with similar budgets for comparability data. 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. 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. Changes in Net Assets or Fund Balances: Form 990, Part XI, line 9: Change in value of trust 207,240. Unrealized loss on assets held for sale -726,592. Form 990, Part XII, Line 2c The University's Board 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. 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. Capitalization of Salaries and Wages Form 990, Part IX, Line 5 The University used employees for the construction of buildings during the fiscal year ended May 31, 2013, and as a result, the salaries, benefits, and payroll taxes for those employees were capitalized and included in fixed assets on the Form 990, Part X and not in expenses on Form 990, Part IX. The actual amounts paid for other salaries, employer pension contributions, other employee benefits paid, and payroll taxes were $16,256,805, $673,554, $1,954,173, and $1,243,646, respectively. 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