2013-12-20T14:24:44-06:00 2013-05-31 420714325 MCGLADREY LLP 1 S WACKER DRIVE STE 800 CHICAGO IL 60606 990 2012-06-01 350868181 Taylor University TAYL 7659984634 236 West Reade Avenue Upland IN 46989 Stephen Olson 7659984634 2013-12-20 1 Wayne Harder P00294296 3126343400 2012 2015-11-30 17:44:51Z Eugene Habecker 236 West Reade Avenue Upland IN 46989 90736187 0 X www.Taylor.edu X 1846 IN Develop servant leaders to minister Christ's redemptive love and truth to a world in need. 26 24 2219 117 0 0 12956995 10508470 68912584 70128879 3222543 4782689 -3771 518 85088351 85420556 15844528 17877933 0 0 34544556 36123858 62624 61508 2871209 26664879 26942964 77116587 81006263 7971764 4414293 215663225 231319919 46711266 50530011 168951959 180789908 X The mission of Taylor University is to develop servant leaders marked with a passion to minister Christ's redemptive love and truth to a world in need. 0 0 71225512 17877933 70128879 In order to advance our mission, Taylor University is committed to the following purposes:-To provide whole person education, involving students in learning experiences imbued with a vital Christian interpretation of truth and life which foster their intellectual, emotional, physical, vocational, social, and spiritual development.See Continuation on Schedule O-To offer liberal arts, professional and life-long education based upon the conviction that all truth has its source in God, and that being Biblically anchored, the Christian faith should permeate all learning leading to a consistent life of worship, servant leadership, stewardship, and world outreach. -To create specific experiences wherein the integrative focus of a Christian liberal arts education is clarified, personalized and applied.-To contribute to the advancement of human knowledge and understanding and serve the evangelical Christian church and the larger (public) community for the glory of God.-To foster a biblical model of relationships that acknowledges both unity and diversity of the followers of Christ within a covenant community and which can be evidenced in a continuing lifestyle of service to and concern for others.-To foster and maintain appropriate and effective support services that enable maximum program effectiveness throughout the university.At Taylor University we are actively seeking students who possess exceptional academic preparation and are ready to contribute to our robust learning community. This year's incoming freshman class had an average GPA of 3.7 and an ACT of 27. At Taylor University we will work hard to provide the people, the services, the tools, and the environment - in general, the resources - to help students successfully pursue their calling.These outstanding students help us get noticed. Taylor University, year after year, continues to receive recognition at the very highest levels in the various college and university rankings. For the seventh straight year, Taylor University received the ranking of #1 in the category Regional Colleges-Midwest from U.S. News & World Report. Taylor was the only Indiana-based school to achieve a number one university-wide ranking. Additionally, Taylor was the only Council for Christian Colleges and Universities (CCCU) member institution to achieve a number one ranking - regionally or nationally. Taylor was also highly ranked by The Princeton Review and Forbes. Open Doors ranks Taylor 2nd among the nation's baccalaureate institutions for undergraduate participation rate in study abroad programs and ranks Taylor 5th among baccalaureates nationally for the actual number of undergraduate students participating. Each of the publications measured criteria that cited the academic excellence of Taylor's faculty and students, the satisfaction and retention of students (freshman retention 89%, average graduation rate 74%), the percentage of students studying abroad, and the investment made by alumni.Focus on International Study496 students earned academic credit while participating in over 35 programs, in 42 countries. Students also earned credit in service learning or cross cultural programs as short-term missionaries to U.S. cities. Taylor University also has a student exchange agreement with a university in South Korea that provides the opportunity for a limited number of students from each institution to spend one semester as a guest student on the other's campus. This program promotes cross-cultural understanding as well as offering a full semester of college credit. 71225512 1 1 0 0 0 0 1 1 0 1 1 0 0 0 1 1 0 1 1 1 1 0 0 1 1 0 0 1 1 1 1 0 0 0 0 0 0 1 0 1 0 1 0 0 0 1 1 1 1 0 0 1 3869 0 1 2219 1 0 1 EI 0 0 0 1 1 0 0 0 0 X 26 24 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 IN X Stephen Olson 7659984634 236 West Reade Avenue Upland IN 46989 Eugene Habecker 60.00 6.00 X X 219943 0 52487 Mark Taylor 6.00 0.00 X X 0 0 0 Wellington Chiu 6.00 0.00 X X 0 0 0 Stephen Johnson 2.00 0.00 X X 0 0 0 Rhonda Jeter-Twilley 2.00 0.00 X X 0 0 0 Ken Flanigan 2.00 0.00 X X 0 0 0 Steve Whiteman 2.00 0.00 X X 0 0 0 Chris L Goeglein 2.00 0.00 X X 0 0 0 Jonathan Beukelman 2.00 0.00 X 0 0 0 James A Blum 2.00 1.30 X 0 0 0 R David Boyer 2.00 0.30 X 0 0 0 Paige Cunningham 2.00 0.00 X 0 0 0 Mark Davis 2.00 0.00 X 0 0 0 Barbara Dickinson 2.00 0.00 X 0 0 0 Richard W Gygi 2.00 0.00 X 0 0 0 Paul Lowell Haines 2.00 0.00 X 0 0 0 Susan McCabe 2.00 0.00 X 0 0 0 Gregory A Poland 2.00 0.00 X 0 0 0 Manuel Rosado 2.00 0.00 X 0 0 0 Douglas Rupp 2.00 1.40 X 0 0 0 Mark W Soderquist 2.00 0.00 X 0 0 0 Martha Songer 2.00 0.00 X 0 0 0 Kathy Stevens 2.00 0.00 X 0 0 0 Karen Thomas 2.00 0.00 X 0 0 0 Nicholas Wallace 2.00 0.00 X 0 0 0 Shani P Wilfred 2.00 0.00 X 0 0 0 Dan Wolgemuth 2.00 0.00 X 0 0 0 Stephen Olson 50.00 15.00 X 88123 0 25048 Ron Sutherland 50.00 1.00 X 119127 0 28826 Ben Sells 50.00 0.00 X 127916 0 29640 Paul Patterson 50.00 0.00 X 101209 0 22607 Coein Skip Trudeau 50.00 0.00 X 101379 0 25684 757697 0 184292 5 0 1 0 Touchstone CPM Inc 2301 Baton Rouge Avenue Lima OH 45805 Construction Services 4642773 Michael Kinder & Sons Inc 5206 Decatur Road Fort Wayne IN 46806 Construction Services 3653760 Creative Dining Services One Royal Park Drive Zeeland MI 49464 Food Service 2331220 Geupel DeMars Hagerman LLC 10315 Allisonville Road Fishers IN 46038 Construction Services 1709754 World of Travel 5001 Horizons Dr Columbus OH 43220 Travel Services 424016 40 11988 573719 9922763 407850 10508470 Tuition and fees 900099 55056030 55056030 Food services 900099 6322577 6322577 Dormitory fees 721310 6169085 6169085 Bookstore revenue 451211 947532 947532 Conference fees 900099 302583 302583 1331072 1331072 70128879 2346658 2346658 7738175 5000 5289986 17158 2448189 -12158 2436031 2436031 9005 11988 8487 518 518 85420556 70128879 0 4783207 134650 134650 17743283 17743283 381079 315123 46889 19067 107134 88592 13182 5360 24501865 20261178 3014762 1225925 2187316 1808744 269132 109440 7253476 5998073 892483 362920 1692988 1399972 208309 84707 11614 9604 1429 581 202671 167594 24937 10140 82393 68133 10138 4122 61508 61508 417239 417239 1802878 1490843 221830 90205 237213 196157 29187 11869 588015 486243 72351 29421 1010810 835863 124372 50575 1787729 1478316 219966 89447 1399733 1157473 172226 70034 1089459 900900 134049 54510 1224392 1224392 5036945 4165170 619757 252018 734594 607453 90386 36755 Food Service Costs 4504788 4504788 Operating Supplies 745038 616090 91671 37277 Bookstore Materials 602143 602143 5465310 4964735 235247 265328 81006263 71225512 6909542 2871209 8605924 7097470 4309207 4664373 976474 933051 2830642 2689746 499397 548550 579251 550574 152905185 53091815 91700541 99813370 96423478 100133400 5691997 9738311 9197388 215663225 231319919 7851827 7683811 662322 357642 29841073 33138115 8356044 9350443 46711266 50530011 X 90477419 95603148 23709015 28316513 54765525 56870247 168951959 180789908 215663225 231319919 X 4414293 6834098 589558 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X 1 89.19 0 0 0 1 0 0.00 0 498090 X X X X 0 65605004 2175831 9872873 1727373 3003025 399892 72523418 71098560 1491311 -2219439 1585399 2944016 236013 65605004 62356894 1161075 10892678 1512756 1487855 311576 71098460 56730502 1172997 7955522 1532917 1556184 413026 62356894 69824024 1401000 -11940249 1153281 961992 439000 56730502 0.11000 0.66000 0.23000 1 0 2234833 2234833 119077079 38671575 80405504 6825642 3580127 3245515 17630585 10840113 6790472 7137046 7137046 99813370 Taylor University Health Plan Trust 3943592 Fair Value of Interest Rate Swap Agreements 1170640 Federal Student Loan Advances 2262127 Deferred Compensation Liability 15571 Annuity and Trust Obligations 1958513 9350443 X Explanation of Changes to Conservation Easements: Part II, Line 3: There was no current year activity related to the easement held by the University. The value of this property is carried on the balance sheet at its historical value. Part III, Line 4: The Edwin W. Brown Collection includes first English and American editions of books authored, edited, or with prefaces by C.S. Lewis, published essays and lectures of C.S. Lewis, two Lewis manuscripts, and books about C.S. Lewis, as well as first and reprint editions of George MacDonald and first editions of Charles Williams, Dorothy L. Sayers, and Owen Barfield. It also contains several manuscripts, letters, contracts, and photographs. The collection is more valuable in its entirety than the individual parts alone. In addition, it provides enhanced educational opportunities for students and faculty at Taylor University. The cultural, literary, and religious aims of the collection can be expanded through the educational curriculum offerings of lectures and seminars. In fact, Taylor University will have the potential to reach beyond the literary collection and bring C.S. Lewis scholars to the campus. Description of Intended Use of Endowment Funds: Part V, Line 4: The University's endowment consists of approximately 456 individual funds established for the following purposes: 51% of the Taylor's endowments are used for student scholarships. During the 2012-2013 academic year 608 students received scholarships from donor-based endowed scholarship funds. These awards are given in recognition of academic ability, extracurricular activities, and/or financial need. 29% of the endowed funds are for specific program support. These include funds that support academic chairs, centers such as the Center for Teaching and Learning Excellence, and the Spencer Center for Global Engagement, and various other athletic, academic and student development programs. 13% support facilities on campus. These include funds to help cover costs such as maintenance and utilities. 7% support Taylor's general operations. A majority of Taylor's endowed funds have been established to honor or memorialize family members, friends or mentors by naming the fund for them. Description of Uncertain Tax Positions Under FIN 48: Part X, Line 2: The Organization has received determination letters from the Internal Revenue Service indicating it is a tax-exempt organization as provided in Section 501(c)(3) of the Internal Revenue Code and is exempt from federal and state income taxes on income related to its exempt purpose. The accounting guidance for uncertainty in income taxes prescribes the recognition threshold a tax position is required to meet before being recognized in the financial statements. The guidance also addresses de-recognition, classification, interest and penalties on income taxes, and accounting in interim periods. Management believes there are no material uncertainties in income taxes. The Organization files the appropriate tax forms in the U.S. federal jurisdiction and the state of Indiana. With few exceptions, the Organization is no longer subject to examination by the Internal Revenue Service or state of Indiana for years before 2010. 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 Taylor University is in compliance with Rev. Proc. 75-50. Nondiscrimination policies are included in all materials available to the public. Explanation of Government Financial Assistance Schedule E, Part I, Line 6 Taylor University receives assistance and grants from the following federal programs: Perkins, Academic Competitiveness Grant, S.M.A.R.T. Grant, SEOG, Pell and work study. East Asia and the Pacific 0 0 Program Services Off-Campus Studies 62231 Europe (Including Iceland & Greenland) 1 2 Program Services Off-Campus Studies 1208352 Middle East and North Africa 0 0 Program Services Off-Campus Studies 28295 South America 0 0 Program Services Off-Campus Studies 314766 Sub-Saharan Africa 0 0 Program Services Off-Campus Studies 11000 1 2 0 0 1 2 1624644 0 1624644 0 0 0 0 0 0 X X X X X X 1 Langley Innovations 10958 Bloomingdale Dr Rockville MD 20852 Consulting 0 0 61508 -61508 61508 -61508 AL AK AZ AR CA CO CT DE FL GA HI ID IL IN IA KS KY LA ME MD MA MI MN MS MO MT NE NV NH NJ NM NY NC ND OH OK OR PA RI SC SD TN TX UT VT VA WA WV WI WY Golf Tournament 20993 11988 9005 8487 20993 11988 9005 8487 8487 518 1 SoulMedic Media Group Inc DBA RemedyLIVE 6429 Oakbrook Parkway Fort Wayne IN 46825 272417633 501(c)(3) 34650 Program Support Taylor University Broadcasting Inc 1115 West Rudisill Blvd Fort Wayne IN 46807 351975367 501(c)(3) 100000 Program Support 2 0 Scholarships & Grants 1780 17743283 Procedure for Monitoring Grants in the U.S.: Part I, Line 2: Schedule I, Part I, Line 2: Grants to other organizations: Taylor University (University) monitors the use of funds granted to other non-profit organizations through long-standing relationships and common board members/employees. Grants to individuals: The University provides financial assistance to students that submit a written application and meet the University's criteria for financial assistance. Applications are reviewed by the Financial Aid Department and/or scholarship committees, depending upon the particular terms of each scholarship. Awards are applied against the student's tuition due to the University. The University monitors each student to assure that he/she remains enrolled in school and continues to satisfy the criteria for his/her specific scholarship. If the student withdraws from the University, then any remaining funds are returned to the scholarship pool to be awarded to another student. X X 1 1 X X X X 0 0 0 0 0 0 0 0 0 Eugene Habecker 216895 0 0 0 3048 0 25811 0 26676 0 272430 0 0 0 Ben Sells 127380 0 0 0 536 0 15325 0 14315 0 157556 0 0 0 Part I, Line 1a The University President lives in a residence that is located on the campus of the University. The President is required to live in the residence as a condition of his employment. The residence is furnished for the convenience of the University and the President regularly uses it to conduct University business. In addition, University staff clean the public areas of the residence and maintain the residence and its grounds. The value of the benefits provided was $25,579. The amount was non-taxable. A Town of Upland Indiana 356001216 915395DV6 2007-12-12 4239420 Student Residential Apartment Building 0 1 0 B Town of Upland Indiana 356001216 NoneAvail 2010-07-12 4760000 Wolgemuth Hall Apartment 0 1 0 C Town of Upland Indiana 356001216 NoneAvail 2011-07-07 9050000 Euler Science Complex 0 1 0 D Town of Upland Indiana 356001216 915395EJ2 2012-06-27 11350219 Refund prior issue 0 1 0 A 4239420 248577 84788 3104511 801544 2007 1 0 1 1 B 4760000 100000 42000 4618000 2011 0 0 1 1 C 9050000 50000 9000000 2011 0 0 1 1 D 11350219 951828 176271 10222120 2012 1 1 1 1 A 0 0 0 0 0 0 1 B 0 0 0 0 0 0 1 C 0 0 0 0 0 0 1 D 0 0 0 0 0 0 1 A 0 0 0 0 0 0 0 0 0 B 0 0 0 0 1 1 Regions Bank 20.000000000000 0 0 0 0 0 C 0 0 0 0 1 0 Regions Bank 20.000000000000 1 0 0 0 1 D 0 0 0 0 0 0 0 0 1 A Town of Upland Indiana 356001216 NoneAvail 2012-12-11 6500000 Breuninger Hall 0 1 0 A 6500000 6500000 2013 0 0 1 1 A 0 0 0 0 0 0 1 A 0 0 0 0 1 0 0 0 1 48500 Scholarships Merit Based Scholarships 39925 Discounted Tuition Assistance Discounted Tuition Assistance Marylou Habecker Wife of President, Eugene Habecker 32241 Employee Compensation 0 Ronald Korfmacher Brother-in-law of Trustee 62985 Employee Compensation 0 X 18 264487 FMV X 1 143363 FMV X Horses 2 0 Not determined 21 0 1 0 Method for Determining Number of Contributors: Part I, Column (b): is the number of items contributed. Form 990, Part VI, Section B, line 11 The University's board of directors has delegated authority for the review of its Form 990 to the Audit Committee. The Audit Committee substantively reviewed the Form 990 prior to its filing. In addition, the University's independent CPA firm prepared the Form 990 and then reviewed it with the management team and with the audit committee. The University utilized this process to ensure that its Form 990 received substantive review by directors and professionals with specific knowledge of the University's activities and extensive financial, accounting, and tax expertise. A copy of the Form 990 is provided to the organization's governing body before it is filed with the IRS. Form 990, Part VI, Section B, line 12c The University has adopted a Conflict of Interest Policy that requires directors, officers and key employees to submit an annual conflict of interest disclosure. The annual disclosure requires directors, officers, and key employees to disclose, in writing, any known financial interest that the individual (together with family members) has in any business entity that transacts business with the University. In addition, directors, officers, and key employees are required to immediately disclose any possible conflict of interest that arises mid-year in relation to a proposed transaction. The Conflict of Interest Policy requires that any individual with a conflict be recused from the decision making process, that independent directors or committee members determine that the proposed transaction is in the best interests of the University, and the transaction must be approved by a vote of the independent directors or committee members without the participation of any interested individual. The annual conflict disclosure statements are submitted to, and reviewed by, the Audit Committee, composed of independent outside directors. In addition, the executive staff is responsible for monitoring any possible conflict transactions that arise and managing them to ensure that all transactions represent arms' length, fair market value terms for the benefit of the University. Form 990, Part VI, Section B, line 15a The University has adopted an Executive Compensation and Intermediate Sanctions Policy that ensures that all compensation arrangements with related parties are evaluated and entered at arms' length and that any compensation that is paid to a related party is reasonable and reflects fair market value. The Policy encourages the application of the rebuttable presumption standard of Code Section 4958 and the related Treasury Regulations by (a) excluding any interested party from the decision making process, (b) requiring disinterested board or committee members to obtain and rely upon comparability data when setting the proposed compensation terms, (c) requiring the approval of the transaction in advance by disinterested directors or committee members, and (d) requiring contemporaneous documentation (i.e. minutes) reflecting the decision and the process by which it was made. In case of the President's compensation, the Executive Committee of the board of directors, composed entirely of independent outside directors, is responsible for ensuring that the process outlined above is applied. 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, either as printed or an electronic copy. Changes in Net Assets or Fund Balances: Form 990, Part XI, line 9: Change in Fair Value of Interest Rate Swap Agreements 411,227. Change in Fair Value of Split-Interest Agreements 178,331. Taylor Angel Fund LLC 236 West Read Ave Upland IN 46989 New business/research endeavors IN 0 0 Taylor University William Taylor Foundation 236 W Reade Ave Upland IN 46989 356047122 Support Taylor University IN 501(c)(3) Line 11a, I Taylor University 1 Taylor University Broadcasting Inc 1025 W Rudisill Blvd Fort Wayne IN 46807 351975367 Christian Broadcasting IN 501(c)(3) Line 11a, I Taylor University 1 0 1 0 0 0 0 0 0 0 0 0 1 0 1 1 0 0 0 0 Taylor University Broadcasting Inc B 100000 Actual William Taylor Foundation L 54750 Actual Taylor University Broadcasting Inc L 1296502 Actual