2013-05-14T14:34:43-05:00 2012-06-30 640903390 GRANTHAM POOLE CPAS 1062 HIGHLAND COLONY PARKWAY SUITE RIDGELAND MS 39157 990 2011-07-01 640303069 BELHAVEN UNIVERSITY BELH 6019688705 1500 PEACHTREE STREET JACKSON MS 39202 VIRGINIA HENDERSON 6019688778 2013-05-13 1 ALAN ARRINGTON CPA P00019423 6014992400 2013-05-13 2011 2016-02-24 21:20:13Z VIRGINIA HENDERSON 1500 PEACHTREE STREET JACKSON MS 39202 50043585 0 X WWW.BELHAVEN.EDU X 1883 MS TO PROVIDE HIGHER EDUCATION 35 34 1023 0 0 0 1850122 1876519 38120830 44660320 -41006 1364961 698916 605803 40628862 48507603 8947718 10290001 0 0 16851810 19356156 0 0 395191 13547198 17141320 39346726 46787477 1282136 1720126 45121547 47350855 16637905 17699478 28483642 29651377 BELHAVEN UNIVERSITY PREPARES STUDENTS ACADEMICALLY AND SPIRITUALLY TO SERVE JESUS CHRIST IN THEIR CAREERS, IN HUMAN RELATIONSHIPS, AND IN THE WORLD OF IDEAS. 0 0 39366867 10290001 42765270 EDUCATIONAL AND PROGRAM EXPENDITURES, ACADEMIC AFFAIRS, STUDENT AFFAIRS, SCHOLARSHIPS AND FINANCIAL AID 1619441 3865814 AUXILIARY EXPENSES-DORMITORIES, CAFETERIA, VENDING MACHINES, BOOKSTORE AND POST OFFICE. 40986308 1 1 0 0 0 0 0 1 0 1 1 1 1 0 1 1 0 1 1 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 1 1 0 0 0 1 64 0 1 1023 1 0 0 0 0 0 0 0 0 X 35 34 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 X VIRGINIA HENDERSON 6019688778 1500 PEACHTREE STREET JACKSON MS 39202 JAY KYLE 0.50 X 0 0 0 LON ALLISON 0.50 X 0 0 0 JAMES M BATEMAN 0.50 X 0 0 0 CHARLES CANNADA 0.50 X 0 0 0 BROCK HATTOX 0.50 X 0 0 0 F BOND CHRISTIE 0.50 X 0 0 0 SCOTT DAWSON 0.50 X 0 0 0 CHARLES DOTY 0.50 X 0 0 0 STEPHEN M EDWARDS 0.50 X 0 0 0 F EARL FYKE III 0.50 X 0 0 0 JIMMY HOOD 0.50 X 0 0 0 WAYNE HUSBAND 0.50 X 0 0 0 JOEL BOMGAR 0.50 X 0 0 0 STUART KELLOGG 0.50 X 0 0 0 VERNE KENNEDY 0.50 X 0 0 0 DAVID RICH 0.50 X 0 0 0 LIZA C LOOSER 0.50 X 0 0 0 VIRGINIA W MORRIS 0.50 X 0 0 0 MORAN RANDY POPE 0.50 X 0 0 0 HUGH POTTS JR 0.50 X 0 0 0 JERRY YOUNG 0.50 X 0 0 0 JOSEPH JOEY STROBLE 0.50 X 0 0 0 GAINES P STURDIVANT 0.50 X 0 0 0 ALAN H WALTERS 0.50 X 0 0 0 DOLPHUS WEARY 0.50 X 0 0 0 CALVIN WELLS 0.50 X 0 0 0 NEWTON WILSON JR 0.50 X 0 0 0 RICHARD WILSON JR 0.50 X 0 0 0 MARK WINDHAM 0.50 X 0 0 0 WIRT YERGER III 0.50 X 0 0 0 LEISHA PICKERING 0.50 X 0 0 0 SEAN MICHAEL LUCAS 0.50 X 0 0 0 RICK WHITLOCK 0.50 X 0 0 0 DOUG HEDERMAN 0.50 X 0 0 0 ROGER PARROTT 40.00 X 393226 0 32055 DANIEL C FREDERICKS 40.00 X 159469 0 10117 KEVIN RUSSELL 40.00 X 132500 0 5300 VIRGINIA HENDERSON 40.00 X 99640 0 5813 SCOTT LITTLE 40.00 X 90100 0 1352 AUDREY KELLEHER 40.00 X 106000 0 4240 980935 0 58877 4 0 1 0 MMI DINING SYSTEMS 1000 RED FERN PLACE FLOWOOD MS 39232 PROVIDE FOOD SERVICES TO THE UNIVERSITY 1227740 1 1876519 1876519 TUITION AND FEES 611600 41403027 41403027 AUXILIARY SERVICES 721310 3257293 3257293 44660320 98838 98838 1097482 1275886 1107245 0 -9763 1275886 1266123 1266123 608521 428737 179784 179784 FACILITIES RENTAL 721310 350685 350685 MISC. REVENUE-RELATED- 900099 75334 75334 426019 48507603 46631084 0 0 10290001 10290001 980935 196100 652335 132500 15002327 14497497 409975 94855 619377 569401 41166 8810 1659137 1525264 110273 23600 1094380 1006076 72737 15567 56697 56697 35756 24210 11546 263496 1683 261813 1658712 1657778 934 6767 6767 255226 255226 1746882 1746882 401726 292550 96778 12398 735163 735163 2068214 2068214 417241 417241 MISC CONTRACT SERVICES 4629718 1941158 2640075 48485 UNIVERSITY DEPT EXPENSE 1742010 1742010 BOOK PURCHASES 743742 743742 TELEPHONE EXPENSES 434339 434339 1945631 1594379 303822 47430 46787477 40986308 5405978 395191 1140465 534694 1300676 2990633 2725673 2046172 2935097 199917 181917 2194309 2194309 258087 297751 155658 156742 61218897 28726261 31646730 32492636 4416857 4462000 72719 69360 45121547 47350855 1710796 1707559 14067080 15000000 117680 17296 742349 974623 16637905 17699478 X 20985449 21822296 3526798 3820441 3971395 4008640 28483642 29651377 45121547 47350855 X 1720126 -552391 X X 0 1 1 X 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 152000 X X DISPLAYED IN UNIV LIBRARY 0 4090220 34875 46942 -34875 -23431 4113731 3622583 49920 490677 -51463 -21497 4090220 3300397 119243 374737 -152250 -19544 3622583 3916109 98665 -597974 -102243 -14160 3300397 0.92000 0.08000 0 1 1 204791 204791 45535421 16617624 28917797 12012535 9526621 2485914 3466150 2582016 884134 32492636 EQUITY SECURITIES 2571429 F CORPORATE BONDS 1614032 F REAL ESTATE 54007 C OTHER 222532 F 4462000 REFUNDABLE SECURITY DEPOSITS 80470 DEPOSITS HELD IN CUSTODY 24127 REFUNDABLE STUDENT PAYMENTS 564269 OBLIGATION UNDER INTEREST RATE SWAP 305757 974623 DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: ORGANIZATION'S ENDOWMENT FUNDS ARE USED TO FUND SCHOLARSHIPS. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: THE UNIVERSITY ADOPTED THE PROVISIONS OF FASB ASC TOPIC 740-10, INCOME TAXES. MANAGEMENT BELIEVES IT HAS NO MATERIAL UNCERTAIN TAX POSITIONS OR ANY RELATED PENALITIES AND INTEREST TO ACCRUE FOR THE YEAR ENDED JUNE 30, 2012, AND ACCORDINGLY, THERE IS NO LIABILITY FOR UNRECOGNIZED TAX BENEFITS. THE UNIVERSITY FILES IRS FORM 990 ANNUALLY WITH THE FEDERAL GOVERNMENT AND IS STILL OPEN TO EXAMINATION BY TAXING AUTHORITIES FOR FISCAL YEAR 2008 AND LATER. 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 NONDISCRIMINATORY POLICY IS STATED IN ALL BROCHURES, CATALOGS, ETC. THAT ARE DISTRIBUTED TO STUDENTS, PROSPECTIVE STUDENTS AND OTHERS. EXPLANATION OF GOVERNMENT FINANCIAL ASSISTANCE SCHEDULE E, PART I, LINE 6 BELHAVEN COLLEGE RECEIVED FINANCIAL AID FROM THE U S DEPARTMENT OF EDUCATION. EXPENDITURES OF FEDERAL AWARDS FOR THE YEAR ENDED JUNE 30, 2012 WERE $37,616,744 1 SCHOLARSHIPS AND STUDENT WAGES 3584 10290001 SCHEDULE I, PART I, LINE 2: THE UNIVERSITY MAINTAINS STUDENT FINANCIAL AID RECORDS AND FOLLOWS APPROPRIATE SELECTION CRITERIA FOR ALL GRANTS AND ASSISTANCE AWARDED TO STUDENTS. THE UNIVERSITY HAS AN ANNUAL COMPLIANCE AUDIT CONDUCTED IN ACCORDANCE WITH OMB CIRCULAR A-133 EACH YEAR. FOR THE YEAR ENDED 6/30/12, THE AUDIT REPORTED THAT THE UNIVERSITY COMPLIED, IN ALL MATERIAL RESPECTS, WITH THE COMPLIANCE REQUIREMENTS OF ITS MAJOR FEDERAL PROGRAMS. X 1 1 X X X 0 0 0 0 0 0 0 0 0 ROGER PARROTT 314226 0 0 0 79000 0 22500 0 9555 0 425281 0 258190 0 DANIEL C FREDERICKS 159469 0 0 0 0 0 6266 0 3851 0 169586 0 134081 0 PART I, LINE 1A THE PRESIDENT OF THE ORGANIZATION HAS A HOUSING ALLOWANCE AS AN ORDAINED MINISTER. MISSISSIPPI BUSINESS FINANCE CORPORATION 640679132 NONEAVAIL 2008-08-12 16750000 REFUNDING OF 2001 AND 2004 BOND ISSUES, CAMPUS IMPROVEMENTS, PAY OTHER DEBT 0 0 0 MISSISSIPPI BUSINESS FINANCE CORPORATION 640679132 NONEAVAIL 2012-06-01 23000000 REFUNDING OF 2008 BOND AND FUNDING OF CAMPUS IMPROVEMENTS 0 0 0 13401549 2010 1 0 0 1 15000000 294775 13404549 1300676 1 0 0 1 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 SCHEDULE K PART II, LINE 3, PROCEEDS OF ISSUE THE DIFFERENCE IN THE ISSUE PRICE OF $23,000,000 AND THE PROCEEDS OF THE ISSUE, $15,000,000 OR $8,000,000, IS ADDITIONAL BOND FUNDS TO BE USED TO FUND CAMPUS IMRPOVEMENTS. DR ROGER PARROT HOUSING LOAN X 245000 156000 0 1 1 VIRGINIA HENDERSON HOUSING LOAN X 23000 9917 0 1 1 DANIEL FREDERICKS HOUSING LOAN X 60000 16000 0 1 1 181917 GAINES P STURDIVANT MEMBER OF BOAR PRESIDENT OF MISS MANAGEMENT INC./MMI DINING SYSTEMS, LLC-SERVICES TO UNIV 1227740 MMI DINING SYSTEMS, LLC PROVIDES FOOD SERVICES TO THE UNIVERSITY 0 0 FORM 990, PART VI, SECTION B, LINE 11 A COPY OF FORM 990 IS SENT VIA EMAIL TO EACH MEMBER OF THE EXECUTIVE COMMITTEE, WHICH IS DELEGATED BY THE BOARD TO REVIEW AND APPROVE FORM 990 BEFORE IT IS FILED. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION REGULARLY AND CONSISTENTLY MONITORS AND ENFORCES ITS CONFLICT OF INTEREST POLICY BY REQUIRING ALL TRUSTEES AND OFFICERS TO COMPLETE AN ANNUAL CONFLICT OF INTEREST DISCLOSURE QUESTIONNAIRE. THE QUESTIONNAIRE IS REVIEWED BY THE EXECUTIVE COMMITTEE AND THE PRESIDENT. FORM 990, PART VI, SECTION B, LINE 15A THE COMPENSATION OF THE PRESIDENT IS REVIEWED AND APPROVED BY THE EXECUTIVE COMMITTEE. THE PRESIDENT REVIEWS AND APPROVES COMPENSATION OF TOP MANAGEMENT AND OTHER EMPLOYEES. FORM 990, PART VI, SECTION C, LINE 18 THE ORGANIZATION'S FORM 990 IS AVAILABLE FOR PUBLIC INSPECTION UPON REQUEST. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION PROVIDES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS TO THE PUBLIC UPON REQUEST. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED LOSSES ON INVESTMENTS: -8,256. CHANGE IN SPLIT INTEREST AGREEMENT -238,378. LOSS ON INTEREST RATE SWAP -305,757. TOTAL TO FORM 990, PART XI, LINE 5: -552,391. THE PROCESS IS UNCHANGED FROM THE PREVIOUS YEAR. BELHAVEN COLLEGE FOUNDATION 1500 PEACHTREE ST JACKSON MS 39202 640887036 TO PROVIDE FINANCIAL ASSISTANCE TO BELHAVEN UNIVERSITY MS 501(C)(3) LINE 5 BELHAVEN UNIVERSITY 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 DUE FROM BELHAVEN COLLEGE FOUNDATION D 2194309 COST