2014-11-14T14:08:16-06:00 2014-06-30 420714325 MCGLADREY LLP 7200 GLEN FOREST DR STE 200 RICHMOND VA 23226 990 2013-07-01 540646523 SOUTHERN VIRGINIA UNIVERSITY SOUT 5402618454 ONE UNIVERSITY HILL DRIVE BUENA VISTA VA 24416 ROBERT HUCH VICE PRESIDENT/CFO 5402618454 2014-11-12 1 TRACI R KUBE P00735726 8042822121 2013 2015-11-30 17:44:51Z ROBERT HUCH ONE UNIVERSITY HILL DRIVE BUENA VISTA VA 24416 20896413 0 X WWW.SVU.EDU X 1867 VA TO PROVIDE A COMPREHENSIVE FOUR-YEAR LIBERAL ARTS EDUCATION. 18 17 514 9 14345 -2900 5162397 4894689 15268936 13847011 -110375 -67526 608421 725308 20929379 19399482 5189952 4729369 0 0 7496209 7655324 0 0 833199 5498514 5995770 18184675 18380463 2744704 1019019 26290235 29434070 6527550 8517942 19762685 20916128 X SOUTHERN VIRGINIA UNIVERSITY'S MISSION IS TO PREPARE LEADER-SERVANTS IN THE WORKPLACE AND THE WORLD, IN THE COMMUNITY AND THE CHURCH, AND IN THE HOME. WE SERVE FAITHFUL MEMBERS OF THE CHURCH OF JESUS CHRIST OF LATTER-DAY SAINTS AND WELCOME ALL WHO LIVE OUR VALUES. WE ACCOMPLISH OUR MISSION BY PROVIDING THE FINEST UNDERGRADUATE EDUCATION AVAILABLE IN LETTERS, ARTS AND SCIENCES WITHIN A WHOLESOME LATTER-DAY SAINT ENVIRONMENT. STUDENTS, FACULTY AND STAFF AT SOUTHERN VIRGINIA UNIVERSITY ARE COMMITTED TO BEING ACADEMICALLY OR PROFESSIONALLY ACCOMPLISHED, SPRITUALLY ROOTED, SERVICE ORIENTED AND SELF-RELIANT. WE EMBODY SOUTHERN VIRGINIA'S CORE VALUES, WHICH ARE SCHOLARSHIP, DISCIPLESHIP, ACCOUNTABILITY, ENTHUSIASM AND REFINEMENT. 0 0 16198281 4729369 14454406 SOUTHERN VIRGINIA UNIVERSITY IS A PRIVATE, NON-PROFIT, RESIDENTIAL FOUR YEAR COLLEGE WHICH SERVED APPROXIMATELY 650 AVERAGE FULL AND PART-TIME STUDENTS PER SEMESTER IN THE ACADEMIC YEAR 2013-2014. DURING 2013-14 ACADEMIC YEAR MORE THAN 100 STUDENTS GRADUATED WITH BACHELORS DEGREES. 16198281 1 1 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 1 0 1 0 0 0 1 0 0 0 1 1 0 0 0 0 0 1 0 0 1 0 0 0 0 0 0 0 0 1 47 0 514 1 1 1 0 0 0 0 1 1 0 0 0 0 X 18 17 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 X JESSE SEEGMILLER 5402618454 ONE UNIVERSITY HILL DR BUENA VISTA VA 24416 GLADE M KNIGHT CHAIRMAN 5.00 X 0 0 0 DANE C MCBRIDE VICE CHAIR 1.00 X 0 0 0 PAUL K SYBROWSKY PRESIDENT 40.00 X X 194132 0 10200 CATHY CHAMBERLAIN TRUSTEE 1.00 X 0 0 0 MICHAEL D ELTON TRUSTEE 1.00 X 0 0 0 LAURALYN SWIM TRUSTEE 1.00 X 0 0 0 STERLING D COLTON TRUSTEE 1.00 X 0 0 0 JUSTIN KNIGHT TRUSTEE 1.00 X 0 0 0 J CHRISTOPHER LANSING TRUSTEE 1.00 X 0 0 0 SCOTT MCKEON TRUSTEE 1.00 X 0 0 0 H SCOTT MCKINLEY TRUSTEE 1.00 X 0 0 0 L HUGH REDD TRUSTEE 1.00 X 0 0 0 J MITCHEL SCOTT TRUSTEE 1.00 X 0 0 0 JAMES E SKEEN TRUSTEE 1.00 X 0 0 0 STANFORD C STODDARD TRUSTEE 1.00 X 0 0 0 DAVID O ULRICH TRUSTEE 1.00 X 0 0 0 TRAV BOWEN TRUSTEE 1.00 X 0 0 0 LYNETTE N GAY TRUSTEE 1.00 X 0 0 0 ROBERT E HUCH VP OF FINANCE AND ADMINIST 40.00 X 100218 0 0 DARCY DOXEY SECRETARY TO THE BOARD 40.00 X 18238 0 0 MADISON U SOWELL PROVOST 40.00 X 116977 0 3529 SCOTT Y DOXEY VP STUDENT SERVICES & OPERATIONS 40.00 X 108104 0 14412 537669 0 28141 4 0 1 0 MCLUNGS LLC 59 ANGUS LANE FAIRFIELD VA 24435 EXCAVATING 128825 1 47107 4847582 367154 4894689 TUITION & FEES 611600 11896249 11896249 ROOM/BD & AUX ENTERP. 611600 1532279 1532279 SPECIAL PROGRAMS 611600 278695 278695 TRAVEL STUDY 611600 139788 139788 13847011 29078 29078 92712 0 92712 92712 92712 872885 2151 770763 200877 102122 -198726 -96604 -96604 36171 47107 78391 -42220 -42220 917624 446900 470724 461503 9221 MISCELLANEOUS 611600 145867 145867 VENDING/LAUNDRY INCOME 611600 47791 47791 SHUTTLE FEES 611600 5285 5285 5149 25 5124 204092 19399482 14454406 14345 36042 4729369 4729369 569450 266609 161064 141777 5587480 4767740 427337 392403 29060 23983 2814 2263 1061843 877789 103058 80996 407491 336180 39430 31881 27594 24653 2941 62275 55593 6633 49 1098673 974218 116242 8213 370344 303855 36255 30234 764152 653792 76032 34328 213989 184152 21973 7864 623043 549594 63998 9451 446174 337311 40247 68616 38712 31672 3779 3261 220086 196625 23461 1067619 953812 113807 172848 154423 18425 EQUIPMENT MAINTENANCE 335461 293269 33967 8225 OTHER 248100 213098 25239 9763 STUDENT ACTIVITIES 216566 192669 22989 908 MEMBERSHIPS 90134 77875 9292 2967 18380463 16198281 1348983 833199 3394 6317 2727952 2588549 3059984 5465304 395739 379607 232200 228305 18057 14289 29686161 12009931 18484642 17676230 647435 874488 175500 175500 545332 2025481 26290235 29434070 1087597 1432662 319499 310576 4392608 5111279 161835 1115868 566011 547557 6527550 8517942 X 15028677 16825898 4406789 3720011 327219 370219 19762685 20916128 26290235 29434070 X 1019019 5593 133955 -5124 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 713686 43000 137010 893696 609747 3000 97939 713686 574049 35698 609747 450028 8000 116021 574049 386680 8000 55348 450028 0.11200 0.41400 0.47400 0 0 1369935 1369935 19784041 6920835 12863206 4705489 3727535 977954 3826696 1361561 2465135 17676230 CONTRUCTION IN PROGRESS 1535392 NET INTANGIBLE ASSETS 78607 PREPAID EXPENSE 88415 REFUNDABLE ADVANCES - FEDERAL GRANTS 9910 ART, ARTIFACTS AND VALUABLE PAPERS 204385 PREPAID UST ACCOUNT 108772 2025481 OBLIGATION UNDER CAPITAL LEASE 115969 DEPOSIT 147672 ANNUITY PAYABLE 283916 547557 X 15329827 5593 133955 -4729370 -4589822 19919649 -520167 -520167 19399482 14176384 525290 525290 13651094 4729369 4729369 18380463 PART V, LINE 4: SOUTHERN VIRGINIA UNIVERSITY'S ENDOWMENT CONSISTS OF ONE DOZEN INDIVIDUAL FUNDS ESTABLISHED FOR A VARIETY OF PURPOSES, PRIMARILY STUDENT SCHOLARSHIPS. PART X, LINE 2: MANAGEMENT HAS EVALUATED THE UNIVERSITY'S TAX POSITIONS AND HAS CONCLUDED THAT THE UNIVERSITY HAS TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT TO THE FINANCIAL STATEMENTS TO COMPLY WITH THE PROVISIONS OF THIS GUIDANCE. THE UNIVERSITY FILES TAX RETURNS WITH U.S. FEDERAL AND VIRGINIA TAX AUTHORITIES IN WHICH THE STATUTE OF LIMITATIONS MAY GO BACK TO THE TAX YEAR ENDED JUNE 30, 2011. PART XI, LINE 2D - OTHER ADJUSTMENTS: SVU GRANTS NETTED AGAINST REVENUE ON AUDIT -4,729,369. ROUNDING -1. PART XI, LINE 4B - OTHER ADJUSTMENTS: COGS FOR INVENTORY SALES NETTED ON 990 -446,900. SPECIAL EVENTS EXPENSES REPORTED IN REVENUES ON THE TAX RETURN -78,391. RUSSELL CLARK REALTY CO. K-1 (NOT INCLUDED IN FINANCIAL STATEMENTS) 5,124. PART XII, LINE 2D - OTHER ADJUSTMENTS: COGS FOR INVENTORY SALES NETTED ON 990 446,900. SPECIAL EVENTS EXPENSES REPORTED IN REVENUES ON THE TAX RETURN 78,391. ROUNDING -1. PART XII, LINE 4B - OTHER ADJUSTMENTS: SVU GRANTS NETTED AGAINST REVENUE ON AUDIT 4,729,369. PART XI, LINE 8 NON-CASH INCOME FROM RUSSELL CLARK REALTY CO. K-1. PART XII, LINE 2D AND PART XIII, LINE 4B SCHOLARSHIPS PAID OUT TO STUDENTS, NETTED WITH REVENUES ON THE REPORT. PART XII, LINE 4B AND PART XIII, LINE 2D COST OF GOODS SOLD INCLUDED IN EXPENSES ON THE REPORT. 1 1 0 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 SOUTHERN VIRGINIA UNIVERSITY DRAWS A SUBSTANTIAL PERCENTAGE OF ITS STUDENTS FROM AREAS NOT WITHIN ITS IMMEDIATE VICINITY. IT FOLLOWS A RACIALLY NONDISCRIMINATORY POLICY AS TO STUDENTS. THEREFORE, IT IS NOT REQUIRED TO PUBLISH ITS RACIALLY NONDISCRIMINATORY POLICY THROUGH THE NEWSPAPER OR THE BROADCAST MEDIA. AS REQUIRED BY REVENUE PROCEDURE 75-50, SOUTHERN VIRGINIA UNIVERSITY INCLUDES A STATEMENT OF ITS RACIALLY NONDISCIMINATORY POLICY IN ALL OF ITS BROCHURES AND CATALOGUES DEALING WITH STUDENT ADMISSIONS, SOLICITATION, PROGRAMS AND SCHOLARSHIPS. SCHEDULE E, PART I, LINE 6 THE UNIVERSITY RECEIVED FUNDS FROM THE FOLLOWING US DEPARTMENT OF EDUCATION DIRECT PROGRAMS: US DEPARTMENT OF EDUCATION DIRECT LOAN PROGRAM, FEDERAL PELL GRANT PROGRAM, FEDERAL WORK STUDY, AND THE FEDERAL SUPPLEMENTAL EDUCATION OPPORTUNITY GRANT PROGRAM. THE UNIVERSITY RECEIVED FUNDS UNDER THE FOLLOWING COMMONWEALTH OF VIRGINIA PROGRAMS: VIRGINIA TUITION ASSISTANCE GRANT AND THE COLLEGE SCHOLARSHIP ASSISTANCE PROGRAM. EUROPE 0 0 PROGRAM SERVICES SERVICES BEING PROVIDED ARE LODGING, FOOD, AND TRANSPORTATION FOR PARTICIPANTS IN THE TRAVEL STUDY PROGRAM 57116 ASIA 0 0 PROGRAM SERVICES SERVICES BEING PROVIDED ARE LODGING, FOOD, AND TRANSPORTATION FOR PARTICIPANTS IN THE TRAVEL STUDY PROGRAM 28841 0 0 0 0 0 0 85957 0 85957 0 0 0 0 0 0 ART SHOW 83278 47107 36171 27314 51077 83278 47107 36171 27314 51077 78391 -42220 1 RETURNED MISSIONARY SCHOLARSHIPS 177 325445 UNIVERSITY GRANTS 266 360462 ACADEMIC SCHOLARSHIPS 637 3729211 TALENT SCHOLARSHIPS 142 164694 VARIOUS OTHER 112 149557 PART I, LINE 2: THE MAJORITY OF INSTITUTIONAL AID AWARDED TO STUDENTS IS BASED ON ACADEMIC MERIT, FOR WHICH THE UNIVERSITY HAS A PREDETERMINED GRID THAT PROVIDES THE AMOUNTS TO BE AWARDED BASED ON THE STUDENTS ACTUAL GPA AND TEST SCORES AND AS NEEDED, EVALUATION BY THE UNIVERSITY'S SCHOLARSHIP COMMITTEE. OTHER INSTITUTIONAL AID CONSISTS OF RETURN MISSIONARY, TALENT AND OTHER NEED-BASED GRANTS. RETURNED MISSIONARY SCHOLARSHIPS ARE AWARDED IN THE AMOUNT OF $2,000 PER YEAR TO ALL FULL-TIME STUDENTS WHO HAVE COMPLETED A MISSION FOR THE CHURCH OF JESUS CHRIST OF LATTER-DAY SAINTS. TALENT SCHOLARSHIPS ARE AWARDED IN VARIOUS AMOUNTS, NOT TO EXCEED $2,000 PER STUDENT, AND ARE AWARDED BASED ON THE NOMINATION OF THE UNIVERSITY COACHES, THEATRE/MUSIC DIRECTOR, ETC. AND APPROVAL OF THE FINANCIAL AID COMMITTEE. UNIVERSITY GRANTS AND VARIOUS OTHER GRANTS ARE AWARDED AS DETERMINED BY THE FINANCIAL AID DIRECTOR. FEDERAL & STATE GRANTS, INCLUDING PELL, SEOG, SMART, AND VTAG ARE AWARDED TO STUDENTS WHO COMPLETE A FREE APPLICATION FOR FEDERAL STUDENT AID (FAFSA) AND MEET THE VARIOUS QUALIFICATIONS. FEDERAL AND STATE GRANTS ARE VERIFIED INTERNALLY BY OUR FINANCIAL AID STAFF. THE DEPARTMENT OF EDUCATION (DOE) SELECTS A MUNIMUM 30% OF ALL STUDENTS WHO COMPLETE A FAFSA TO VERIFY. THE UNIVERSITY PROVIDES THE APPROPRIATE VERIFICATION DOCUMENTATION TO THE DOE AND MAINTAINS A COPY OF THESE DOCUMENTS ON FILE. X 1 1 X X X 0 0 0 0 0 0 0 0 0 PAUL K SYBROWSKY PRESIDENT 194132 0 0 0 0 0 0 0 10200 0 204332 0 0 0 JAMES SKEEN TRUSTEE 17219 LEGAL FEES 0 SCHEDULE L, PART IV: JAMES SKEEN'S LAW FIRM SERVED AS THE UNIVERSITY'S ATTORNEY IN SEVERAL MATTERS WHERE THE FIRM HAD PARTICULAR EXPERTISE. X 6317 FAIR MARKET VALUE X 3 232857 FAIR MARKET VALUE X EQUIPMENT 8 117067 DONOR DECLARED VALUE X SUPPLIES 9 10912 FMV 0 1 0 FORM 990, PART VI, SECTION A, LINE 2 JAMES E. SKEEN, TRUSTEE, AND DANE C. MCBRIDE, TRUSTEE ARE BROTHERS-IN-LAW. GLADE M. KNIGHT, CHAIRMAN, AND JUSTIN KNIGHT, TRUSTEE, ARE FATHER AND SON. SCOTT DOXEY, VP AND DARCY DOXEY, BOARD SECRETARY ARE FATHER-IN-LAW/DAUGHTER-IN-LAW. FORM 990, PART VI, SECTION B, LINE 11 FORM 990 IS REVIEWED BY THE FINANCE COMMITTEE AND ACCOUNTING DEPARTMENT BEFORE IT IS FILED WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C OFFICERS, DIRECTORS AND TRUSTEES ARE REQUIRED, BY POLICY, TO DISCLOSE ANY CONFLICTS OF INTEREST THAT MAY, TO THE BEST OF THEIR KNOWLEDGE, EXIST OR POTENTIALLY EXIST BY VIRTUE OF ANY BUSINESS OF OTHER ARRANGEMENT THEY MAY HAVE WITH THE UNIVERSITY OR OTHER CIRCUMSTANCES, IN WHICH THE UNIVERSITY MAY BENEFIT THEM ECONOMICALLY (OTHER THAN THROUGH THEIR EMPLOYMENT BY THE UNIVERSITY), AND ALL SITUATIONS IN WHICH THEY MAY COMPETE WITH THE UNIVERSITY IN ANY WAY. THE UNIVERSITY DOES MONITOR AND ENFORCE THIS POLICY BY EXPECTING OFFICERS, DIRECTORS, AND TRUSTEES TO REPORT ACCORDINGLY AND PREPARES AN ANNUAL WRITTEN REPORT FORM FOR SUCH REPORTING. THE FORM REQUESTS ALL OFFICERS, DIRECTORS AND TRUSTEES TO PROVIDE INFORMATION ABOUT POTENTIAL CONFLICTS OF INTEREST FOR 2013 AND ONES THEY MAY BE AWARE OF AND THAT MAY BE POSSIBLE FOR 2014. THE UNIVERSITY ALSO REQUESTS THAT EACH OFFICER, DIRECTOR AND TRUSTEE SELF REPORT ANY ADDITIONAL POTENTIAL CONFLICTS OF INTEREST THAT MAY OCCUR DURING THE YEAR. FORM 990, PART VI, SECTION B, LINE 15A THE CEO/PRESIDENT'S COMPENSATION IS DETERMINED BY THE BOARD. THE BOARD CHAIRMAN IS PROVIDED WITH SOME COMPARABILITY DATA FROM VARIOUS PROFESSIONAL SALARY SURVEYS TO ASSIST IN THAT DETERMINATION. THE COMPENSATION FOR OTHER TOP MANAGEMENT OFFICIALS (VICE PRESIDENT AND OTHER MEMBERS OF THE PRESIDENT'S COUNCIL) IS DETERMINED BY THE CEO/PRESIDENT. HE/SHE IS ALSO PROVIDED WITH COMPARABLE SALARY SURVEY DATA FOR THIS PURPOSE. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE NOT AVAILABLE TO THE PUBLIC. FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC THROUGH VARIOUS THIRD PARTY (INCLUDING GOVERNMENT) WEB SITES. FORM 990, PART XI, LINE 9: RUSSELL CLARK REALTY CO. K-1 NOT INCLUDED IN FINANCIAL STATEMENTS -5,124.