2013-04-15T16:26:55-05:00 2012-05-31 363990892 Capin Crouse LLP 1255 Lakes Parkway Suite 130 Lawrenceville GA 30043 990 2011-06-01 570314406 North Greenville University NORT 8649777000 PO Box 1892 Tigerville SC 29688 Dr James Epting 8649777000 2013-04-15 1 David C Moja P00747006 6785185301 2011 2016-02-25 16:41:14Z Dr James Epting PO Box 1892 Tigerville SC 29688 50596244 0 X www.NGU.edu X 1892 SC The University offers a quality education in a biblically sound, Christ-centered environment. 22 24 1105 100 0 0 5612303 5783927 39084403 42061850 666943 572968 262873 -53392 45626522 48365353 11813719 12985675 0 0 15934240 16943141 0 0 969524 12471763 11954523 40219722 41883339 5406800 6482014 86668187 91366731 4760786 4359707 81907401 87007024 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 38814820 12985675 42061850 The University is a co-educational liberal arts university offering graduate and undergraduate degrees. It has Level III 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 2,648 students. 38814820 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 0 1 20 0 1 1105 1 0 0 0 0 0 0 0 0 0 0 0 X 22 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 Charipia 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 Dr James Epting 35.50 X 299078 0 30446 Michelle Sabou 35.50 X 108058 0 18450 Mayson Easterling 35.50 X 102594 0 27495 Joseph Isgett 35.50 X 103452 0 15897 Wayne Landrith 35.50 X 107039 0 10462 Dr Tony Beam 35.50 X 99263 0 26814 Dr Stephen Crouse 35.50 X 97106 0 15897 Alexander Miller 35.50 X 98340 0 19989 Randall Pannell 35.50 X 51577 0 2526 Keli Sewell 35.50 X 97232 0 15897 1163739 0 183873 5 0 1 0 Aramark Corporation PO Box 198532 Atlanta GA 30384 Food Services 3007957 Styles Contracting 430 Tigerville Road Travelers Rest TN 29690 Contractor Services 186870 Mechanical Systems PO Box 32607 Charlotte NC 28232 HVAC Services 131996 3 286307 1290770 116950 4089900 1980054 5783927 Tuition and fees 900099 27559873 27559873 Auxiliary revenue 900099 14237199 14237199 Miscellaneous income 900099 264778 264778 42061850 571614 571614 2105049 2053789 49906 51260 -49906 1354 1354 73804 286307 127196 -53392 -53392 48365353 42061850 0 519576 12985675 12985675 1300046 715847 465857 118342 266923 60840 206083 12336694 11213176 742056 381462 560588 520864 22573 17151 1423622 1231505 149952 42165 1055268 930961 78827 45480 8573 8573 41000 10500 30500 84676 84676 96801 92301 4500 31665 10318 21347 1124842 984641 67964 72237 530479 530479 747172 729217 17955 495517 452993 10894 31630 62902 62061 201 640 14889 14194 600 95 1573091 1499594 63431 10066 208020 195817 12203 Repairs & Maintenance 3123332 2982763 117743 22826 Food Services 1881397 1881397 Auxiliary Expenses 1174141 1174141 756026 535536 220490 41883339 38814820 2098995 969524 11325 11325 16959512 23498167 239069 356846 404573 593802 350 350 68357866 19006837 46973246 49351029 7347632 19957587 8403775 2122525 1803805 86668187 91366731 1499383 1492236 1239340 1500676 1098043 508311 162500 145833 761520 712651 4760786 4359707 X 65407124 70520952 1670939 1329664 14829338 15156408 81907401 87007024 86668187 91366731 X 6482014 -1382391 X X 0 1 1 X 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 16897846 635120 -829059 13067 58017 16632823 14005945 541201 2445568 30756 64112 16897846 12138209 260413 1702013 26490 68200 14005945 14141240 885136 -2792897 25644 69626 12138209 0.16660 0.02660 0.80680 0 1 1 8256352 8256352 51150888 13024828 38126060 172054 75274 96780 7611887 5906735 1705152 1166685 1166685 49351029 30072 C Cash value of life insurance 526988 F Baptist Foundation 7595716 F Closely held stock 1000 F Alternative Investments 249999 F 8403775 Student deposits 417902 Trust liability 66851 Funds held for others 120151 Post-retirement benefit obligation 9522 Capital lease obligation 98225 712651 48365353 41883339 6482014 -1212231 -170160 -1382391 5099623 35025883 -1212231 986076 -13155835 -13381990 48407873 84676 -127196 -42520 48365353 29926260 986076 127196 1113272 28812988 84676 12985675 13070351 41883339 Description of Intended Use of Endowment Funds: Part V, Line 4: The University uses most earnings from endowment funds to provide scholarship assistance to worthy students, as designated by donors. 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: 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, 2012 and 2011, the University had no uncertain tax positions that qualify for recognition or disclosure in the financial statements. Part XI, Line 8 - Other Adjustments: Change in value of trust -170,160. Part XII, Line 2d - Other Adjustments: Change in value of turst -170,160. Scholarships netted with revenue -12,985,675. Part XII, Line 4b - Other Adjustments: Fundraising expenses reported on Part VIII, Line 8B -127,196. Part XIII, Line 2d - Other Adjustments: Fundraising Expenses reported on Part VIII, Line 8B 127,196. Part XIII, Line 4b - Other Adjustments: Scholarships netted with revenue 12,985,675. 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 No media solicitation is generated. Non-discrimination policy is included in catalog which goes to all prospective students 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 awarded and disbursed to its students. Golf tournament 101192 27388 73804 1500 17088 4756 GIFT GOD Dinner 258918 258918 12111 74602 17138 360110 286306 73804 1500 17088 12111 79358 17138 127195 -53391 1 Scholarships 1961 12985675 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 0 1 X X X X 0 0 0 0 0 0 0 0 0 Dr James Epting 226364 0 72714 0 0 0 10000 0 29748 0 338826 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 for three of the Vice Presidents 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 University property. Financial Assistance 41972 Merit Based Financial Assistance 13600 Need Based Paul Epting Family Member of President 86919 W-2 and Benefits 0 Styles Contracting Family Member of Board Member 186870 Contract services 0 Joe Hayes Jr Family Member of Board Member 60841 W-2 and Benefits 0 X 6892 Sale of comparable asset X 55862 Sale of comparable asset X 4 111700 Sale of comparable asset X 1 4600 Sale of comparable asset X 3 171000 Sale of comparable asset X 1 1630000 Appraisal 1 0 0 0 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. Periodically, the Board will review comparable salaries. During the 2012 fiscal year, the committee looked at six different colleges with similar budgets. 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. Documented in board minutes as part of the annual budget process. Form 990, Part VI, Section C, line 18 The University makes its Form 1023 and Form 990 available to the interested public upon request. Form 990 is also available for public review at another's website, www.guidestar.org. Form 990, Part VI, Section C, line 19 The University does not provide its governing documents, conflict of interest policy, and financial statements to the public. Changes in Net Assets or Fund Balances: Form 990, Part XI, line 5: Net unrealized losses on investments: -1,212,231. Change in value of trust -170,160. Total to Form 990, Part XI, Line 5: -1,382,391. Form 990, Part XII, Line 2c: The organization'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. 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 N/A 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0