2013-05-15T13:16:53-05:00 2012-06-30 363990892 Capin Crouse LLP 972 Emerson Parkway Ste A Greenwood IN 46143 990 2011-07-01 480730814 Mid-America Nazarene University MID- 9137823750 2030 East College Way Olathe KS 66062 Kevin Gilmore 9137823750 2013-05-15 1 Dave Moja P00747006 3178852620 2011 2016-02-24 21:20:13Z Dr David Spittal 2030 East College Way Olathe KS 66062 45433747 0 X www.mnu.edu X 1966 KS The MNU mission statement: To educate and inspire servant leaders. The MNU vision statement: To be a premier Christian university with global impact. 33 31 1054 31 72206 66173 5493177 12710022 30768942 31987205 -16393 16233 1469022 494351 37714748 45207811 9192437 8856298 0 0 17546589 18267265 0 0 1200332 10645571 13450011 37384597 40573574 330151 4634237 51388580 44052411 28109104 23279337 23279476 20773074 X Mid-America Nazarene University is a comprehensive liberal arts university offering undergraduate and selected professional and graduate degrees, and is committed to serving the church and its global mission. The University is a Christian community in the Wesleyan-Holiness tradition, and Mid-America Nazarene University seeks to transform its students through intellectual, spiritual, and personal development for a life of service to God, the Church, the nation, and the world. 0 0 35713637 8856298 31987205 Mid-America Nazarene University (MNU), a liberal arts university sponsored by the Church of the Nazarene, provides a nurturing environment where students gain broad-based knowledge and skills that will serve them professionally and personally throughout their lives. The MNU experience is one that provides students with Christ-centered educational opportunities that teach real-world learning through pioneering programs that prepare them to be servant leaders and encourages them to discover their purpose, values, and direction.Founded in 1966, MidAmerica is located in Olathe, Kansas, a suburban community just 20 miles south of Kansas City. Total enrollment for fall, 2011, was 1,811 students. The four largest undergraduate programs are:Nursing - 294Management and Human Relations - 234Business Administration - 159Elementary Education - 105The University offers undergraduate academic majors in 36 areas; degree-completion programs in business, nursing, and public administration; and graduate degrees in education, nursing, business, and counseling. Students may apply to study abroad through MNU Europe, located in Busingen, Germany.A variety of special interest clubs, traveling music groups, band, concert choir, student government, and outreach groups are available. The University provides intercollegiate competition in football, volleyball, softball, baseball, men's and women's basketball and soccer. Chapel services provide an emphasis on spiritual formation, and revivals foster spiritual vitality on campus. 35713637 1 1 0 0 0 0 0 1 0 1 1 0 1 1 1 1 0 1 1 0 1 0 1 0 0 0 0 0 1 0 1 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 1 0 0 0 0 1 98 0 1 1054 1 1 1 0 0 0 0 0 0 0 0 0 X 33 31 1 0 0 0 0 0 0 1 1 0 1 1 1 1 1 1 1 0 1 1 0 KS X Kevin Gilmore 9137823750 2030 East College Way Olathe KS 66062 X Dr David J Spittal 40.00 X X 0 0 0 Dr Jim Diehl 40.00 X X 39963 0 6000 Dr Larry McIntire 1.00 X X 0 0 0 Rev Michael G Palmer 1.00 X X 0 0 0 Mr Keith Cox 1.00 X X 0 0 0 Mrs Terri Comfort 1.00 X X 0 0 0 Rev Joel Atwell 1.00 X 0 0 0 Dr Donald H Bell Sr 1.00 X 0 0 0 Rev Daniel W Cole 1.00 X 0 0 0 Dr Merrill R Conant 1.00 X 0 0 0 Mr Chad Cook 1.00 X 0 0 0 Dr D Ray Cook 1.00 X 0 0 0 Mr John Dahl 1.00 X 0 0 0 Rev Bryan Davis 1.00 X 0 0 0 Dr OE Dement 1.00 X 0 0 0 Dr Jim Dillow 1.00 X 0 0 0 Mr Craig M Doane 1.00 X 0 0 0 Mr Jeff Eichorn 1.00 X 0 0 0 Mrs Karen Frye 1.00 X 0 0 0 Mr Darrel E Johnson 1.00 X 0 0 0 Dr James M Kraemer 1.00 X 0 0 0 Rev Michael Lynch 1.00 X 0 0 0 Rev Wes Meisner 1.00 X 0 0 0 Rev Garey A Miller 1.00 X 0 0 0 Rev Fred Morrison 1.00 X 0 0 0 Mr Eldon J Meyers 1.00 X 0 0 0 Dr Edmond P Nash 1.00 X 0 0 0 Dr Rick Power 1.00 X 0 0 0 Rev Phil Rhoades 1.00 X 0 0 0 Dr Jeren Rowell 1.00 X 0 0 0 Rev Rod Thelander 1.00 X 0 0 0 Rev Fred Toomey 1.00 X 0 0 0 Mrs Julie C Transmeier 1.00 X 0 0 0 Mrs Cathy Veach 1.00 X 0 0 0 Mr Jon North 40.00 X 119579 0 886 Dr Stephen Ragan 40.00 X 95084 0 8444 Dr Randy Beckum 40.00 X 34692 0 83477 Mr Kevin P Gilmore 40.00 X 102454 0 22105 391772 0 120912 2 0 0 0 Pioneer College Caterers Inc 2030 E College Way Olathe KS 66062 Food Services 1094477 Southwest Plains Regional Service Center PO Box 1010 Sublette KS 67877 Educational Services 475719 ARG Contracting LLC 1340 W 149th St Olathe KS 66061 Repairs/Construction 467396 Precision Printing 15025 West 114th Terrace Lenexa KS 66215 Printing 221603 Stamats Inc PO Box 1888 Cedar Rapids IA 52406 Consulting Services 213114 9 2914613 1896664 7898745 21238 12710022 Student Tuition Revenu 611600 27417064 27417064 Resident Hall 611710 2176885 2176885 Food Service 611710 1700320 1700320 Book Store 611710 199489 199489 Athletic Revenue 611710 30519 30519 462928 462928 31987205 16233 16233 12276 12276 434898 225936 208962 208962 58456 150506 Advertising 900099 18436 13750 4686 254677 254677 273113 45207811 31987205 72206 438378 8510943 8510943 345355 345355 590514 97787 368667 124060 91237 83367 4329 3541 13927323 12725985 660811 540527 2638029 2330703 186679 120647 1020162 901315 72191 46656 71692 71692 220388 220388 2092329 1918423 113655 60251 468599 452420 9854 6325 667111 588878 58131 20102 458251 380016 47522 30713 1414345 1160636 224307 29402 1304075 1197919 47038 59118 44700 39493 3163 2044 1186444 709234 450480 26730 1519159 1295406 188310 35443 183664 145345 35135 3184 Labor/Materials Expense 870892 818569 41548 10775 Printing 432841 245601 151662 35578 Equipment Expense 337543 307663 28505 1375 Supplies - Resale 263772 263772 1914206 1194807 675538 43861 40573574 35713637 3659605 1200332 1282162 2911802 351260 14212 225340 168620 1107468 653071 47633 44888 47608 88785 58744379 25334470 34136875 33409909 3773342 3663948 10416892 3097176 51388580 44052411 2218534 2588290 1167936 1257342 14660000 14155000 4515752 11567 5546882 5267138 28109104 23279337 X 14559351 19578169 1545786 760718 7174339 434187 23279476 20773074 51388580 44052411 X 4634237 -7140639 X 0 1 1 X 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 166420 X X Resale in future years 0 6926816 381876 70608 281252 7098048 6574342 198353 873408 275332 424879 19076 6926816 6704046 360069 505633 975096 20310 6574342 6871784 229862 25454 385300 37754 6704046 0.00000 0.98700 0.01300 0 1 1 1043851 1043851 40522788 12249672 28273116 4296312 1421863 2874449 12791389 11662935 1128454 90039 90039 33409909 Student Loan Receivables 3663948 C 3663948 Bond Escrow Funds 1706955 Benefiical Interest in Trust 719661 Thomas Kinkade Paintings 166420 Unamortized Bond Fees 504140 3097176 Student Deposits 93419 Refundable Loan Program 2673719 Note Payable to MNU Foundation 2500000 5267138 45207811 40573574 4634237 -59118 -7081521 -7140639 -2506402 36665315 -59118 213300 159625 313807 36351508 8856303 8856303 45207811 31930571 213300 213300 31717271 8856303 8856303 40573574 Part III, Line 4: The organization received Thomas Kinkade paintings and prints from a donor during the fiscal year ended 6/30/2008. This collection of artwork is and will be used for the viewing of the general public through public exhibition and for future investment purposes when it is sold at a later date. Description of Intended Use of Endowment Funds: Part V, Line 4: The endowment funds are held by MidAmerica Nazarene Foundation, a related tax exempt organization. Earnings from the endowment funds are to be used to fund the continuing operations of the university. 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 consolidated 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 consolidated statement of activities. As of June 30, 2012, the University had no uncertain tax positions that qualify for recognition or disclosure in the consolidated financial statements. The University files tax returns in the U.S. federal jurisdiction. With a few exceptions, the University is no longer subject to U.S. federal examinations by tax authorities for years before 2008. Part XI, Line 8 - Other Adjustments: Change in Trust Agreements 9,543. Change in Net Perkins Equity 150,082. Book adjustment for Foundation Net Assets -7,241,146. Total to Schedule D, Part XI, Line 8: -7,081,521. Part XII, Line 2d - Other Adjustments: Change in Trust Agreements 9,543. Change in Net Perkins Equity 150,082. Part XII, Line 4b - Other Adjustments: Tuition discounts 8,856,303. Part XIII, Line 4b - Other Adjustments: Tuition discounts 8,856,303. 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 Mid-America Nazarene University publicizes its racial nondiscrimination policy in all university catalogs and brochures that are issued to the general public and students. The University also posts its policy on various bulletin boards across the campus. Explanation of Government Financial Assistance Schedule E, Part I, Line 6 The organization is involved in several grant programs administered by the Federal Government and State Government and also serves as the administrative conduit by which Title VI Federal Financial Aid is distributed to eligible students. 1 Central America and the Caribbean 0 0 Program Services Scholarships 11300 East Asia and the Pacific 0 0 Program Services Scholarships 36855 Europe (Including Iceland & Greenland) 0 0 Program Services Scholarships 105565 North America 0 0 Program Services Scholarships 10578 Russia & the Newly Independent States 0 0 Program Services Scholarships 12000 South America 0 0 Program Services Scholarships 61881 Sub-Saharan Africa 0 0 Program Services Scholarships 84126 Middle East and North Africa 0 0 Program Services Scholarships 23050 Europe (Including Iceland & Greenland) 0 8 Program Services Study Abroad 79477 0 0 0 8 0 8 345355 79477 424832 Scholarships Central America and the Caribbean 5 12300 Wire Scholarships East Asia and the Pacific 3 8200 Wire Scholarships Europe (Including Iceland & Greenland) 14 115761 Wire Scholarships North America 3 10578 Wire Scholarships Russia & the Newly Independent States 1 12000 Wire Scholarships South America 10 93636 Wire Scholarships Sub-Saharan Africa 8 84426 Wire Scholarships Middle East and North Africa 1 23050 Wire 0 0 0 0 0 0 Procedure for Monitoring Grants Outside the U.S.: Schedule F, Part I, Line 2: Scholarships and awards that are determined by participation in a program or eligibility requirements (Perkins & SEOG) are evaluated at the start of a program and, as in the case of ROTC, monitored for continued participation in the program. ROTC participants are monitored by outside sources and MNU would be notified in the event the participant is no longer eligible. Perkins, SEOG and other similar grants/awards require limits on the student's expected family contributions, require no prior defaults on student loans and require certain funding gaps. Each year the eligibility requirements are reviewed prior to the award year and awarded accordingly. Tuition remission is dependent upon eligibility and date of hire per employee. Awards based on Nazarene Church support or parent's church service are determined and applied accordingly. Eligibility is evaluated each award year. Departmental awards are made by an instructional division or coach and eligibility is determined by that department. Donor restricted scholarships are awarded in accordance with the wishes of the donor. Students must complete an application, meet all the stipulations, and/or be actively pursuing the restricted course of study. GPA or ACT scores (depending on award year and citizenship) are used to determine matrix awards along with family expected contribution and whether the student is on or off campus. Matrix scholarships are monitored each semester through a process between the registrar's office (providing GPA) and student financial aid (matching GPA with matrix award). 1 Scholarships and Fellowships 1002 8510942 Procedure for Monitoring Grants in the U.S.: Part I, Line 2: Schedule I, Part I, Line 2: Scholarships and awards that are determined by participation in a program or eligibility requirements (Perkins & SEOG) are evaluated at the start of a program and, as in the case of ROTC, monitored for continued participation in the program. ROTC participants are monitored by outside sources and MNU would be notified in the event the participant is no longer eligible. Perkins, SEOG and other similar grants/awards require limits on the student's expected family contributions, require no prior defaults on student loans and require certain funding gaps. Each year the eligibility requirements are reviewed prior to the award year and awarded accordingly. Tuition remission is dependent upon eligibility and date of hire per employee. Awards based on Nazarene Church support or parent's church service are determined and applied accordingly. Eligibility is evaluated each award year. Departmental awards are made by an instructional division or coach and eligibility is determined by that department. Donor restricted scholarships are awarded in accordance with the wishes of the donor. Students must complete an application, meet all the stipulations, and/or be actively pursuing the restricted course of study. GPA or ACT scores (depending on award year and citizenship) are used to determine matrix awards along with family expected contribution and whether the student is on or off campus. Matrix scholarships are monitored each semester through a process between the registrar's office (providing GPA) and student financial aid (matching GPA with matrix award). Kansas Independent College Finance Authority 481233911 48526HLW4 2005-06-30 3932663 Land Improvements 0 0 0 Kansas Independent College Finance Authority 481233911 48526HSJ6 2008-06-26 5595000 Educational Facility 0 0 0 775000 4087893 317413 78573 3691907 2005 0 0 1 1 545000 5930082 495084 3210 111900 1750314 3569574 2008 1 0 1 1 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 1 0 0 0 0 0 1 135377 Scholarships William Morrison Brother of Rev Fred Morrison, Trustee 51365 Compensation 0 Florence Beckum Spouse of Randy Beckum, Exec Dir of Spiritual Development 39872 Compensation 0 Form 990, Part VI, Section A, line 2 Dr. D Ray Cook & Mr. Chad - Family relationship Form 990, Part VI, Section B, line 11 The University's controller gathers and provides an independent accounting firm with information to prepare the Form 990. The independent accounting firm prepares and reviews the Form 990. The independent accounting firm then provides the organization's officers a draft of the Form 990 and allows time for comments and approval. After approval, the Form 990 is submitted via email to all voting members of the University's governing board along with a response time for questions and comments. Any and all issues are resolved and then the completed Form 990 is filed with the Internal Revenue Service. Form 990, Part VI, Section B, line 12c All trustees, MidAmerica Nazarene University Foundation trustees, and administrative officers of the University (members of the President's Cabinet) must disclose annually in writing any conflict of interest, or potential conflict of interest. If a circumstance should arise where it may be in the best interest of the University to engage in a transaction despite the conflict of interest, after disclosure of the conflict of interest, the individual with whom the conflict of interest is present must abstain from any discussion or deliberation concerning such matter (unless the Board of Trustees or administration requests information or interpretation for special reasons). Record of such individual's withdrawal from participation in the discussion, deliberation, and decision on the matter should be noted in any minutes of the session at which such matter is considered. Should a potential conflict of interest matter require an executive committee or board vote to resolve, those concerned shall not be present at the time of the vote. If a trustee, MidAmerica Nazarene University Foundation trustee, or administrative officer is uncertain whether to list a particular relationship, the board chair and institutional legal counsel may need to be consulted. The board chair and legal counsel may elect to seek the judgment of the executive committee of the Board of Trustees before informing or consulting with the entire board within an executive session. Information shared or gathered as a result of such consultations (including information provided on the conflict of interest statement) shall be confidential except when the institution's best interests would be served by disclosure. Such disclosure will be made only after informing those concerned. The finance committee of the Board of Trustees will conduct periodic reviews of financial activities to ensure that the University is operating in a manner consistent with accomplishing the institution's non-profit purposes and that the University's operations do not result in private inurement or impermissible benefit to private interest. Form 990, Part VI, Section B, line 15 The President and other executive administrators are employed with the approval of the Board of Trustees. The Board of Trustees determines their compensation based upon an analysis of comparable market rates and terms. The review and deliberation are documented in the board minutes. This process was last completed for the President during the tax year ended 6/30/12. No other officers received salary increases during the tax year ended 6/30/12. Form 990, Part VI, Section C, line 19 The organization makes its governing documents, conflict of interest policy and financial statements available to the public upon request. Executive Committee Form 990, Part VI, Line 1a The Executive Committee includes the Chair of every standing committee. It exercises most of the powers of the Board when the Board is not in session, but they do not take final action on any major matters pertaining to the University's position statement and mission, the removal of a University officer or Trustee from office, or the encumbrance of substantive institutional assets, until appropriate committees recommend such action and the Board has voted. Average hours per week for related organizations Part VII, Section A, Column B The following persons worked the following average hours per week for the Mid-America Nazarene University Foundation, a related organization: Dr. David J Spittal 1.0 Dr. Jim Diehl 1.0 Mr. Jon North 1.0 Mr. Kevin P Gilmore 1.0 Changes in Net Assets or Fund Balances: Form 990, Part XI, line 5: Net unrealized losses on investments: -59,118. Change in Trust Agreements 9,543. Change in Net Perkins Equity 150,082. Book adjustment for Foundation Net Assets -7,241,146. Total to Form 990, Part XI, Line 5: -7,140,639. Written Document Retention and Destruction Policy Form 990, Part VI, Line 14 The organization is currently in the process of implementing a written document retention and destruction policy and will have one in place by the tax year ended 6/30/13. Changes in Net Assets Form 990, Part XI, Line 5 For the tax year ended 6/30/12, the organization made an adjustment on its books changing how it accounted for the investment in and net assets of the MidAmerica Nazarene University Foundation. This resulted in a decrease of net assets on Part X, Line 33 for the current year. MidAmerica Nazarene University Foundation 2030 E College Way Olathe KS 66062 480996330 Support MNU KS 501(c)(3) 7 Mid-America Nazarene University 0 Charitable Remainder Trust (1) CRUT KS Mid-America Nazarene University T Irrevocable Trust (1) Irrevocable Trust KS Mid-America Nazarene University T Perpetual Trust (1) Perpetual Trust KS Mid-America Nazarene University T 0 0 1 0 1 0 0 0 0 0 0 1 1 1 0 1 0 1