2013-04-11T17:00:16-05:00 2012-05-31 CROWE HORWATH LLP 105 Continental Place Suite 200 Brentwood TN 37027 990 2011-06-01 620465076 BELMONT UNIVERSITY BELM 6154606404 1900 BELMONT BLVD NASHVILLE TN 37203 JASON ROGERS 2013-04-15 true Rachel Spurlock P00520729 6153605500 2011 2016-02-25 16:41:14Z STEVEN T LASLEY 1900 BELMONT BLVD NASHVILLE TN 37212 217336055 false X WWW.BELMONT.EDU X 1951 TN BELMONT UNIVERSITY IS A PRIVATE, COEDUCATIONAL INSTITUTION FOCUSED ON UNDERGRADUATE AND POST-GRADUATE EDUCATION. IT PROVIDES AN ACADEMICALLY CHALLENGING EDUCATION AND STRIVES TO BE A LEADER AMONG TEACHING UNIVERSITIES BRINGING TOGETHER THE BEST OF LIBERAL ARTS AND PROFESSIONAL EDUCATION IN A CHRISTIAN COMMUNITY OF LEARNING AND SERVICE. 38 38 2927 50 1012121 0 16207985 6877911 153849388 179180893 3402473 1382149 5218819 4993026 178678665 192433979 21399404 24975199 0 0 69947870 77897010 0 0 2526143 37757889 44702404 129105163 147574613 49573502 44859366 405544483 500801950 113681242 169741892 291863241 331060058 BELMONT UNIVERSITY IS A STUDENT-CENTERED CHRISTIAN COMMUNITY PROVIDING AN ACADEMICALLY CHALLENGING EDUCATION THAT EMPOWERS MEN AND WOMEN OF DIVERSE BACKGROUNDS TO ENGAGE AND TRANSFORM THE WORLD WITH DISCIPLINED INTELLIGENCE, COMPASSION, COURAGE AND FAITH. false false 122363516 24975199 179752339 EDUCATIONAL PROGRAMS, INSTRUCTION AND STUDENT SERVICES ARE PROVIDED TO MORE THAN 6,600 STUDENTS, OFFERING MORE THAN 65 UNDERGRADUATE AND GRADUATE ACADEMIC PROGRAMS THROUGH ITS SEVEN COLLEGES AND SCHOOLS, INCLUDING THE MIKE CURB COLLEGE OF ENTERTAINMENT AND MUSIC BUSINESS, COLLEGE OF PHARMACY, THE COLLEGE OF BUSINESS ADMINISTRATION, AND THE COLLEGE OF LAW. BELMONT OFFERS INTERCOLLEGIATE ATHLETICS IN FIFTEEN DIFFERENT SPORTS, ALL COMPETING IN THE OHIO VALLEY CONFERENCE. BELMONT STUDENT ATHLETES HAVE COMPILED IMPRESSIVE RECORDS, BOTH ON AND OFF THE PLAYING COURT AND FIELD. THE BELMONT MEN'S BASKETBALL TEAM HAS MADE APPEARENCES IN SIX OUT OF THE PAST EIGHT NCAA NATIONAL CHAMPIONSHIP TOURNAMENTS, WHILE THE MEN'S BASEBALL TEAM HAS MADE APPEARANCES IN THEIR RESPECTIVE NCAA TOURNAMENT THE PAST TWO YEARS. STUDENT ACTIVITES ROUND OUT THE COLLEGIATE EXPERIENCE, WITH A FOCUS ON CAMPUS LIFE AND COMMUNITY, STUDENT HEALTH AND WELFARE, AND STUDENT ADVOCACY AND SUPPORT. THERE ARE CURRENTLY MORE THAN 100 CLUBS AND ORGANIZATIONS AVAILABLE TO STUDENTS. 122363516 true true false true false false true true true true false false true true true true false true false true false true false false false false false true true true false false false false false false true false false false false false false false true true false false false false true 269 0 true 2927 true true true false false false false true true false false false false X 38 38 true false true false false false false true true false false true true true true true true true false false X DAVID RUNYAN 6154606788 1900 BELMONT BLVD NASHVILLE TN 37212 GORDON INMAN 1.00 X X 0 0 0 JOE RUSSELL 1.00 X X 0 0 0 MARTY DICKENS 1.00 X X 0 0 0 ANDREA OVERBY 1.00 X 0 0 0 ANNE RUSSELL 1.00 X 0 0 0 BARBARA MASSEY ROGERS 1.00 X 0 0 0 BILL LEE 1.00 X 0 0 0 BOB WHISENANT 1.00 X 0 0 0 BRENDA GILMORE 1.00 X 0 0 0 BRUCE MAXWELL 1.00 X 0 0 0 BRYAN WILLIAMS 1.00 X 0 0 0 CAROLYN MCAFEE 1.00 X 0 0 0 CAROLYN PATTON 1.00 X 0 0 0 CATHERINE BIRD 1.00 X 0 0 0 CORDIA HARRINGTON 1.00 X 0 0 0 CYNTHIA LEU 1.00 X 0 0 0 DAMON HININGER 1.00 X 0 0 0 DAN CROCKETT 1.00 X 0 0 0 DAN FOUTCH 1.00 X 0 0 0 DANA SHERRARD 1.00 X 0 0 0 DON JONES 1.00 X 0 0 0 DREW MADDUX 1.00 X 0 0 0 EUGENIA WINWOOD 1.00 X 0 0 0 HELEN KENNEDY 1.00 X 0 0 0 JACK BENZ 1.00 X 0 0 0 JIM HOLLEMAN 1.00 X 0 0 0 JIM OMER 1.00 X 0 0 0 JIM REDD 1.00 X 0 0 0 JIM WILKERSON 1.00 X 0 0 0 JON ROEBUCK 1.00 X 0 0 0 KEVIN LAVENDER 1.00 X 0 0 0 LARRY OTIS 1.00 X 0 0 0 LARRY THRAILKILL 1.00 X 0 0 0 LEE BEAMAN 1.00 X 0 0 0 MARK WRIGHT 1.00 X 0 0 0 MIKE SMITH 1.00 X 0 0 0 MILTON JOHNSON 1.00 X 0 0 0 PAUL WALKER 1.00 X 0 0 0 RANDALL BASKIN 1.00 X 0 0 0 RON KNOX 1.00 X 0 0 0 STEVE HEWLETT 1.00 X 0 0 0 STEVE HORRELL 1.00 X 0 0 0 STUART MCWHORTER 1.00 X 0 0 0 TB BOYD 1.00 X 0 0 0 TERRY TURNER 1.00 X 0 0 0 VINCENT CAMPBELL 1.00 X 0 0 0 BETHEL THOMAS 40.00 X 200118 0 21423 JASON ROGERS 40.00 X 197512 0 24953 ROBERT FISHER 40.00 X 796270 0 172165 STEVEN LASLEY 40.00 X 206219 0 30812 SUSAN WEST 40.00 X 130969 0 25606 THOMAS BURNS 40.00 X 267857 0 29180 TODD LAKE 40.00 X 83673 0 22819 CYNTHIA CURTIS 40.00 X 151232 0 14072 JAMES RAINES 40.00 X 260895 0 30165 JEFFREY KINSLER 40.00 X 257828 0 21257 MICHAEL STRICKLAND 40.00 X 150128 0 23057 PHILIP JOHNSTON 40.00 X 219752 0 27814 RICHARD BYRD 40.00 X 523158 0 109816 WESLEY BULLA 40.00 X 165284 0 14703 BRITTNEY EZELL 40.00 X 160720 0 6405 DOROTHY LEE WARREN 40.00 X 157386 0 13116 JEFFREY CORNWALL 40.00 X 197127 0 21089 JOE ALEXANDER 40.00 X 158518 0 22977 SCOTT MCPHEE 40.00 X 166338 0 13431 4450984 0 644860 132 false true false R C MATHEWS CONTRACTOR LLC PO BOX 24687 NASHVILLE TN 37202 PRIMARY GENERAL CONTRACTOR 33089837 SODEXO 1900 BELMONT BLVD NASHVILLE TN 37212 FOOD SERVICE VENDOR 5645541 AMERICAN CONSTRUCTORS PO BOX 120129 NASHVILLE TN 37212 GENERAL CONTRACTOR AND CONSTRUCTION MANAGEMENT FIRM 5562717 MCCARTHY JONES & WOODARD PO BOX 40445 NASHVILLE TN 37204 CONSTRUCTION SERVICE AND SUPPLY COMPANY 2188640 IRVING MATERIALS INC 2617 GRANDVIEW AVE NASHVILLE TN 37211 BUILDING MATERIALS SUPPLIER 2106634 92 0 0 0 0 1351317 5526594 5024 6877911 TUITION AND FEES - INSTRUCTION 611710 155896140 155896140 0 0 RESIDENCE HALLS - STUDENT SERVICES 611710 13363996 13363996 0 0 CONF/SEMINARS/WORKSHOPS 611710 2926940 2926940 0 0 BOOKSTORE SALES 451211 4280240 4280240 0 0 STUDY ABROAD - INSTRUCTION 611710 1392301 1392301 0 1321276 1149279 171997 0 179180893 1556462 0 0 1556462 0 0 0 0 249340 0 0 249340 254089 0 254089 0 254089 0 0 254089 24108377 30020 24309443 3267 -201066 26753 -174313 0 -174313 3407 0 3407 0 3407 0 0 0 0 0 0 752029 589366 162663 0 0 162663 CAFETERIA 722210 2911957 0 0 2911957 CURB EVENTS CENTER 711300 667941 258728 409213 0 OCEAN WAY MUSIC STUDIO 711300 430911 0 430911 312718 312718 0 0 4323527 192433979 179580342 1012121 4963605 0 24949999 24949999 25200 25200 0 4826870 2373726 2226425 226719 0 59651600 52222167 6099154 1330279 1719138 1504333 180101 34704 7415130 262682 6753011 399437 4284272 3633314 548178 102780 0 61750 61750 96425 96425 0 0 117996 117996 3109739 2751671 321707 36361 1304342 1016396 263289 24657 2823259 2349174 368797 105288 311303 183115 123205 4983 0 5932263 5066019 866244 3740090 3558350 158521 23219 0 29005 23268 5737 1363850 1363850 0 7216607 6605684 610923 723778 94152 629626 REPAIRS & MAINTENANCE 2675234 2518193 157041 DUES & SUBSCRIPTIONS 3226626 2281121 937960 7545 SMALL EQUIPMENT & SUPPLIES 2238485 2088170 144600 5715 BOOKSTORE SALES 2796682 2796682 6934970 4696250 2014264 224456 147574613 122363516 22684954 2526143 0 7700 7726 38082842 33998958 13932753 11417427 1182141 2158133 160000 0 3968190 3401173 748763 1026465 651013 400688 405013484 84379914 262801360 320633570 83115084 96447419 0 0 894637 31310391 405544483 500801950 12923040 22887885 2223827 3302166 77300000 131912830 596840 552963 16541441 5751595 4096094 5334453 113681242 169741892 X 200881103 242674184 37032124 31725263 53950014 56660611 291863241 331060058 405544483 500801950 X 44859366 -5662549 X false true true X true true X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false false false false false false false false true 9280 9280 false Description of the activities reported on Lines 1a through 1i Schedule C, Part II-B, Line 1 BELMONT UNIVERSITY PAID DUES TO TENNESSEE INDEPENDENT COLLEGES AND UNIVERSITIES ASSOCIATION IN THE AMOUNT OF $46,398. A PORTION OF THE DUES IN THE AMOUNT OF $9,280 WAS SPENT ON LOBBYING ACTIVITY. 0 379550 X X X false false true 75832794 2724138 -2748936 2018885 73789111 65541914 738367 11206209 1653696 75832794 57630761 1194093 8430871 1713811 65541914 73889757 1805398 1665727 19730121 57630761 0.07820 0.76800 0.15380 false false 20144267 20144267 270742393 48282172 222460221 4457404 2036297 2421107 30172392 25733352 4439040 79497028 8328093 71168935 320633570 BOND ISSUANCE COSTS, NET 668244 BENEFICIAL INTERESTS IN TRUST 325314 DEPOSITS HLED BY BOND TRUSTEE 30316833 31310391 0 INTEREST RATE SWAPS 5334453 5334453 Collections of art - description of collections Schedule D, Part III, Line 4 THE COLLECTION CONSISTS OF 2 YEMINI SCROLLS FROM THE MID 19TH CENTURY (APPROXIMATELY 150-175 YEARS OLD) THAT WERE GIVEN TO THE UNIVERSITY 4-5 YEARS AGO. THEY ARE SYNAGOGUE TORAH SCROLLS, HAND-WRITTEN ON PARCHMENT. THEY ARE STORED IN AN ARCHIVE ROOM IN THE LIBRARY, SINCE THEY CANNOT BE KEPT IN FIDELITY HALL BECAUSE OF STEAM HEAT. OCCASSIONALLY THEY ARE USED IN CLASSES TO SHOW THEM TO STUDENTS AND TALK ABOUT THEIR CHARACTERISTICS AND SIGNIFICANCE. THREE REPLICA STATUES WERE PURCHASED BY THE UNIVERSITY AND ARE PLACED THROUGHOUT THE CAMPUS IN AN EFFORT TO HELP THE CAMPUS APPEAR AS IT MAY HAVE LOOKED BACK WHEN THE MANSION WAS ORIGINALLY BUILT. ADDITIONALLY, THE UNIVERSITY PURCHASED SEVERAL PIECES OF ART WORK THAT ARE PLACED IN THE GORDON INMAN BUILDING. THEY WERE BOUGHT TO ENHANCE THE APPEARANCE OF THE INTERIOR, SINCE THE BUILDING WOULD BE USED FOR VARIOUS GATHERINGS BY THE PRESIDENT AND SENIOR LEADERSHIP. A MAJORITY OF THE VALUE OF THE COLLECTION LIES IN THE VALUE OF THE SCROLLS. (TOTAL VALUE OF THE COLLECTION ON THE BOOKS EQUALS $217,050 AND THE VALUE OF THE SCROLLS ON THE BOOKS IS $162,500.) Explanation of escrow agreement Schedule D, Part IV, Line 2b DEPOSITS HELD FOR OTHERS ARE MONIES HELD BY THE UNIVERSITY FOR VARIOUS CLUBS, GROUPS, AS AGENCY FUNDS. THE MONIES ARE ENTRUSTED TO THE UNIVERSITY FOR SAFEKEEPING AND MAY BE USED OR WITHDRAWN BY THE DEPOSITOR AT WILL. FUNDS MAY BE HELD ON BEHALF OF STUDENTS, FACULTY, STAFF, OR ORGANIZATIONS. Intended uses of endowment funds Schedule D, Part V, Line 4 THE INTENDED USE OF ENDOWMENT FUNDS IS FOR STUDENT SCHOLARSHIPS. FIN 48 (ASC 740) footnote Schedule D, Part X, Line 2 THE UNIVERSITY IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE; ACCORDINGLY, NO PROVISION FOR INCOME TAXES HAS BEEN MADE IN THE ACCOMPANYING CONSOLIDATED FINANCIAL STATEMENTS. THE UNIVERSITY IS NOT CLASSIFIED AS A PRIVATE FOUNDATION. THE UNIVERSITY FILES A FORM 990 (RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX) ANNUALLY. WHEN THESE RETURNS ARE FILED, IT IS HIGHLY CERTAIN THAT SOME POSITIONS TAKEN WOULD BE SUSTAINED UPON EXAMINATION BY THE TAXING AUTHORITIES, WHILE OTHERS ARE SUBJECT TO UNCERTAINTY ABOUT THE MERITS OF THE TAX POSITION TAKEN OR THE AMOUNT OF THE POSITION THAT WOULD ULTIMATELY BE SUSTAINED. EXAMPLES OF TAX POSITIONS COMMON TO UNIVERSITIES INCLUDE SUCH MATTERS AS THE FOLLOWING: THE TAX EXEMPT STATUS OF EACH ENTITY AND VARIOUS POSITIONS RELATIVE TO POTENTIAL SOURCES OF UNRELATED BUSINESS INCOME TAX ("UBIT"). UBIT IS REPORTED ON FORM 990-T, AS APPROPRIATE. THE BENEFIT OF A TAX POSITION IS RECOGNIZED IN THE FINANCIAL STATEMENTS IN THE PERIOD DURING WHICH, BASED ON ALL AVAILABLE EVIDENCE, MANAGEMENT BELIEVES THAT IT IS MORE LIKELY THAN NOT THAT THE POSITION WILL BE SUSTAINED UPON EXAMINATION, INCLUDING THE RESOLUTION OF APPEALS OR LITIGATION PROCESSES, IF ANY. TAX POSITIONS ARE NOT OFFSET OR AGGREGATED WITH OTHER POSITIONS. TAX POSITIONS THAT MEET THE "MORE LIKELY THAN NOT" RECOGNITION THRESHOLD ARE MEASURED AS THE LARGEST AMOUNT OF TAX BENEFIT THAT IS MORE THAN 50% LIKELY TO BE REALIZED ON SETTLEMENT WITH THE APPLICABLE TAXING AUTHORITY. THE PORTION OF THE BENEFITS ASSOCIATED WITH TAX POSITIONS TAKEN THAT EXCEEDS THE AMOUNT MEASURED AS DESCRIBED ABOVE WOULD BE REFLECTED AS A LIABILITY FOR UNCERTAIN TAX BENEFITS IN THE ACCOMPANYING STATEMENTS OF FINANCIAL POSITION ALONG WITH ANY ASSOCIATED INTEREST AND PENALTIES THAT WOULD BE PAYABLE TO THE TAXING AUTHORITIES UPON EXAMINATION. AS OF MAY 31, 2012 AND 2011, THERE WERE NO UNCERTAIN TAX POSITIONS IDENTIFIED. THE UNIVERSITY DOES NOT EXPECT THE TOTAL AMOUNT OF UNRECOGNIZED TAX BENEFITS TO SIGNIFICANTLY CHANGE IN THE NEXT 12 MONTHS. FORMS 990 AND 990-T FILED BY THE UNIVERSITY ARE SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE (IRS) UP TO THREE YEARS FROM THE EXTENDED DUE DATE OF EACH RETURN. MANAGEMENT BELIEVES THE FORMS 990 AND 990-T HAVE BEEN FILED APPROPRIATELY. FORMS 990 AND 990-T FILED BY THE UNIVERSITY ARE NO LONGER SUBJECT TO EXAMINATION FOR THE FISCAL YEARS ENDED MAY 31, 2008 AND PRIOR. THE UNIVERSITY WOULD RECOGNIZE INTEREST AND PENALTIES RELATED TO UNRECOGNIZED TAX POSITIONS IN INTEREST AND INCOME TAX EXPENSE, RESPECTIVELY. THE UNIVERSITY HAS NO AMOUNTS ACCRUED FOR INTEREST OR PENALTIES AS OF MAY 31, 2012 AND 2011. true true true true true true true false false false false false false false false true false true Financial aid or assistance from a governmental agency Schedule E, Line 6a THE PERKINS LOAN PROGRAM IS A CAMPUS-BASED PROGRAM PROVIDING FINANCIAL ASSISTANCE TO ELIGIBLE POSTSECONDARY SCHOOL STUDENTS BASED ON FINANCIAL NEED. THE DEPARTMENT OF EDUCATION PROVIDES FUNDS ALONG WITH THE UNIVERSITY, WHICH ARE USED TO MAKE LOANS TO ELIGIBLE STUDENTS AT LOW INTEREST RATES. true EUROPE (INCLUDING ICELAND AND GREENLAND) 0 0 GRANTMAKING 12000 RUSSIA AND THE NEWLY INDEPENDENT STATES 0 0 GRANTMAKING 5050 SUB SAHARAN AFRICA 0 0 GRANTMAKING 4000 MIDDLE EAST AND NORTH AFRICA 0 0 GRANTMAKING 2350 SOUTH AMERICA 0 0 GRANTMAKING 800 CENTRAL AMERICA AND THE CARIBBEAN 0 0 GRANTMAKING 500 NORTH AMERICA (CANADA & MEXICO ONLY) 0 0 GRANTMAKING 500 0 0 25200 GRANTMAKING- STUDY ABROAD SUB SAHARAN AFRICA 6 4000 ACCOUNT CREDIT GRANTMAKING- STUDY ABROAD CENTRAL AMERICA AND THE CARIBBEAN 1 500 ACCOUNT CREDIT GRANTMAKING- STUDY ABROAD EUROPE (INCLUDING ICELAND AND GREENLAND) 18 12000 ACCOUNT CREDIT GRANTMAKING- STUDY ABROAD MIDDLE EAST AND NORTH AFRICA 6 2350 ACCOUNT CREDIT GRANTMAKING- STUDY ABROAD RUSSIA AND THE NEWLY INDEPENDENT STATES 12 5050 ACCOUNT CREDIT GRANTMAKING- STUDY ABROAD SOUTH AMERICA 2 800 ACCOUNT CREDIT GRANTMAKING- STUDY ABROAD NORTH AMERICA (CANADA & MEXICO ONLY) 1 500 ACCOUNT CREDIT false false false false false false Procedures for monitoring use of grant funds Schedule F, Part I, Line 2 GRANT RECIPIENTS ARE BELMONT UNIVERSITY STUDENTS STUDYING ABROAD. GRANTS ARE OFFSET AGAINST STUDENT TUITION ACCOUNTS. Method used to account for expenditures on organization's financial statements Schedule F, Part I, Line 3 EUROPE (INCLUDING ICELAND AND GREENLAND): ACCRUAL RUSSIA AND THE NEWLY INDEPENDENT STATES: ACCRUAL SUB SAHARAN AFRICA: ACCRUAL MIDDLE EAST AND NORTH AFRICA: ACCRUAL SOUTH AMERICA: ACCRUAL CENTRAL AMERICA AND THE CARIBBEAN: ACCRUAL NORTH AMERICA (CANADA & MEXICO ONLY): ACCRUAL Method used to account for grants on organization's financial statements Schedule F, Part III SUB SAHARAN AFRICA: ACCRUAL CENTRAL AMERICA AND THE CARIBBEAN: ACCRUAL EUROPE (INCLUDING ICELAND AND GREENLAND): ACCRUAL MIDDLE EAST AND NORTH AFRICA: ACCRUAL RUSSIA AND THE NEWLY INDEPENDENT STATES: ACCRUAL SOUTH AMERICA: ACCRUAL NORTH AMERICA (CANADA & MEXICO ONLY): ACCRUAL true MERIT BASED 2004 12141888 0 NEED BASED 1402 5719325 0 ATHLETIC 263 4346979 0 ENDOWED 537 1981895 0 TALENT BASED 249 759912 0 Procedures for monitoring use of grant funds Schedule I, Part I, Line 2 THE UNIVERSITY AWARDS GRANTS AND SCHOLARSHIPS TO ENROLLED STUDENTS. GRANTS ARE CREDITED TO THE RECIPIENTS ACCOUNTS FOR TUITION, FEES, ROOM AND BOARD. X X X true true X X X false true false false false false false false false ROBERT FISHER 746970 0 0 0 49300 0 155679 0 16486 0 968435 0 0 0 THOMAS BURNS 267802 0 0 0 55 0 12000 0 17180 0 297037 0 0 0 STEVEN LASLEY 206092 0 0 0 127 0 10816 0 19996 0 237031 0 0 0 JASON ROGERS 197429 0 0 0 83 0 8498 0 16455 0 222465 0 0 0 BETHEL THOMAS 198985 0 0 0 1133 0 9936 0 11487 0 221541 0 0 0 SUSAN WEST 130842 0 0 0 127 0 7026 0 18580 0 156575 0 0 0 RICHARD BYRD 450171 0 72750 0 237 0 94796 0 15020 0 632974 0 0 0 JEFFREY KINSLER 257745 0 0 0 83 0 12250 0 9007 0 279085 0 0 0 JAMES RAINES 260532 0 0 0 363 0 12250 0 17915 0 291060 0 0 0 PHILIP JOHNSTON 219389 0 0 0 363 0 11359 0 16455 0 247566 0 0 0 WESLEY BULLA 165047 0 0 0 237 0 8298 0 6405 0 179987 0 0 0 MICHAEL STRICKLAND 149765 0 0 0 363 0 7802 0 15255 0 173185 0 0 0 CYNTHIA CURTIS 150533 0 0 0 699 0 7617 0 6455 0 165304 0 0 0 JEFFREY CORNWALL 197000 0 0 0 127 0 8487 0 12602 0 218216 0 0 0 DOROTHY LEE WARREN 157149 0 0 0 237 0 6661 0 6455 0 170502 0 0 0 JOE ALEXANDER 158391 0 0 0 127 0 7722 0 15255 0 181495 0 0 0 SCOTT MCPHEE 165975 0 0 0 363 0 6976 0 6455 0 179769 0 0 0 BRITTNEY EZELL 160670 0 0 0 50 0 0 0 6405 0 167125 0 0 0 Travel for companions Schedule J, Part I, Line 1a AIR TRAVEL WAS PROVIDED TWICE DURING THE FISCAL YEAR FOR THE PRESIDENT'S SPOUSE. SHE ACCOMPANIED HIM ON TWO TRIPS WHILE ON UNIVERSITY RELATED BUSINESS. Tax indemnification and gross-up payments Schedule J, Part I, Line 1a THE UNIVERSITY PRESIDENT AND HIS SPOUSE RECIEVED A EUROPEAN CRUISE DURING THE FISCAL YEAR FROM THE BOARD OF TRUSTEES. THE COST OF THE CRUISE WAS INCLUDED IN THE PRESIDENT'S PAY AND CALENDAR YEAR 2012 W-2 AS NON- CASH COMPENSATION. Health or social club dues or initiation fees Schedule J, Part I, Line 1a THE UNIVERSITY PAYS AN ANNUAL GOLF CLUB MEMBERSHIP ON BEHALF OF ITS HEAD BASKETBALL COACH. Supplemental nonqualified retirement plan Schedule J, Part I, Line 4b DR. ROBERT FISHER, UNIVERSITY PRESIDENT PARTICIPATES IN A SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN. IN FY 2012, $143,429 WAS CONTRIBUTED TO HIS PLAN. RICHARD BYRD, MEN'S BASKETBALL COACH, PARTICIPATES IN A SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN. IN FY 2012, $82,432 WAS CONTRIBUTED TO HIS PLAN. HEALTH AND EDUCATIONAL FACILITIES BOARD OF METROPOLITAN GOVERNMENT OF NASHV ILLE AND DAVIDSON COUNTY TENNESSEE 626139016 2010-01-04 23000000 CONSTRUCTION OF CAMPUS FACILITIES false false false HEALTH AND EDUCATIONAL FACILITIES BOARD OF METROPOLITAN GOVERNMENT OF NASHV ILLE AND DAVIDSON COUNTY TENNESSEE 626139016 592041TS6 2012-05-30 59162825 CONSTRUCTION OF CAMPUS FACILITIES false false false HEALTH AND EDUCATIONAL FACILITIES BOARD OF THE METROPOLITAN GOVERNMENT OF N ASHVILLE AND DAVIDSON COUNTY TN 626139016 2012-05-30 50900000 REFUNDING BOND ISSUE false false false 1150000 0 23136460 0 0 0 0 0 0 23136460 0 0 2010 false false true true 0 0 59162825 0 0 10058276 559269 0 0 48545280 0 0 true false true true 0 0 50900000 0 0 50900000 0 0 0 0 0 0 true false true true false false false false 0.0000 0.0000 0.0000 true false false false false 0.0000 0.0000 0.0000 true false false false false 0.0000 0.0000 0.0000 true true true false 0.0 false 0.0 false false true true false 0.0 false 0.0 false false true true false false false false X SEE PART V N/A 132041 DISCOUNTED TUITION SEE PART V N/A 13474 FINANCIAL AID Delegate broad authority to a committee Form 990, Part VI, Section A, Line 1a ARTICLE VI, SECTION 1: THE EXECUTIVE COMMITTEE SHALL HAVE AND EXERCISE THE AUTHORITY OF THE BOARD OF TRUSTEES IN THE MANAGEMENT OF THE CORPORATION DURING THE INTERIM BETWEEN THE MEETINGS OF THE BOARD OF TRUSTEES. IN ADDITION, THE COMMITTEE SHALL BE RESPONSIBLE FOR COORDINATING WITH AND ADVISING THE PRESIDENT ON STRATEGIC ISSUES AFFECTING THE UNIVERSITY. Family/business relationships amongst interested persons Form 990, Part VI, Section A, Line 2 ANN RUSSELL AND JOE RUSSELL - FAMILY RELATIONSHIP Significant changes to organizational documents Form 990, Part VI, Section A, Line 4 THE ORGANIZATION'S BYLAWS WERE AMENDED ON APRIL 10, 2012. THE FOLLOWING SIGNIFICANT CHANGES ARE NOTED: ARTICLE III, SECTION 6 UNDER MEMBERSHIP OF BOARD OF TRUSTEES WAS ADDED: ALL TRUSTEES SHALL SERVE AT THE PLEASURE OF THE BOARD OF TRUSTEES. A TRUSTEE MAY BE REMOVED FROM OFFICE FOR CAUSE BY AN AFFIRMATIVE VOTE OF TWO-THIRDS (2/3) OF THE REMAINING TRUSTEES, EXCLUDING THE TRUSTEE OR TRUSTEES IN QUESTION, UPON RECOMMENDATION OF THE EXECUTIVE COMMITTEE, OR BY DIRECT ACTION OF THE BOARD OF TRUSTEES. PRIOR TO ANY VOTE BY THE BOARD OF TRUSTEES REGARDING REMOVAL OF A TRUSTEE, THE TRUSTEE SHALL BE INFORMED IN ADVANCE IN WRITING OF THE PROPOSED REMOVAL AND THE REASONS THEREFORE. THE TRUSTEE SHALL HAVE THE OPPORTUNITY TO BE HEARD BY THE BOARD OF TRUSTEES PRIOR TO THE REMOVAL VOTE. IF A TRUSTEE IS REMOVED, A REPLACEMENT TRUSTEE MAY BE ELECTED TO FILL THE VACANCY AT THE SAME MEETING. ARTICLE XI, NONDISCRIMINATION WAS ADDED: BELMONT UNIVERSITY IS A CHRISTIAN COMMUNITY. THE UNIVERSITY FACULTY, ADMINISTRATION, AND STAFF UPHOLD JESUS AS THE CHRIST AND AS THE MEASURE FOR ALL THINGS. AS A COMMUNITY SEEKING TO UPHOLD CHRISTIAN STANDARDS OF MORALITY, ETHICS AND CONDUCT, BELMONT UNIVERSITY HOLDS HIGH EXPECTATIONS OF EACH PERSON WHO CHOOSES TO JOIN THE COMMUNITY. IN COMPLIANCE WITH FEDERAL LAW, INCLUDING PROVISIONS OF TITLE IX OF THE EDUCATION AMENDMENTS OF1972, SECTIONS 504 OF THE REHABILITATION ACT OF 1973, BELMONT UNIVERSITY DOES NOT DISCRIMINATE ON THE BASIS OF RACE, SEX, COLOR, NATIONAL OR ETHNIC ORIGIN, AGE, DISABILITY, MILITARY SERVICE, OR SEXUAL ORIENTATION IN ITS ADMINISTRATION OF EDUCATION POLICIES, PROGRAMS OR ACTIVITIES; ITS ADMISSIONS POLICIES; OR EMPLOYMENT. UNDER FEDERAL LAW, THE UNIVERSITY MAY DISCRIMINATE ON THE BASIS OF RELIGION IN ORDER TO FULFILL ITS PURPOSES. THE UNIVERSITY HAS APPOINTED THE DIRECTOR OF THE OFFICE OF HUMAN RESOURCES TO SERVE AS COORDINATOR OF COMPLIANCE WITH TITLE IX. INQUIRIES OR COMPLAINTS SHOULD BE DIRECTED TO THE OFFICE OF THE PROVOST OR THE OFFICE OF HUMAN RESOURCES. Review of form 990 by governing body Form 990, Part VI, Section B, Line 11b THE FORM 990 IS REVIEWED BY THE CHIEF FINANCIAL OFFICER, WITH COPIES MARKED "DRAFT" AND THEN SUBMITTED ELECTRONICALLY TO EACH MEMBER OF THE BOARD OF DIRECTORS FOR REVIEW AND COMMENT. THE RETURN IS FORMALLY SUBMITTED UPON COMPLETION OF REVIEW. Conflict of interest policy Form 990, Part VI, Section B, Line 12c COMPLIANCE WITH THE ORGANIZATION'S CONFLICT OF INTEREST POLICY IS MONITORED ANNUALLY. UPDATED FORMS ARE REVIEWED BY THE CHIEF FINANCIAL OFFICER AND THE OFFICE OF INSTITUTIONAL EFFECTIVENESS. ALL INTERESTED PERSONS SHALL DISCLOSE TO THE BOARD ANY POSSIBLE CONFLICTS OF INTEREST. IN THE EVENT OF A CONFLICT, THE TRUSTEE OR OFFICER SHALL ABSENT HIM OR HERSELF FROM DISCUSSIONS OF, AND ABSTAIN FROM VOTING ON, SUCH MATTERS UNDER CONSIDERATION BY THE BOARD OF TRUSTEES OR ITS COMMITTEES. Process used to establish compensation of top management official Form 990, Part VI, Section B, Line 15a THE HUMAN RESOURCE DIRECTOR OBTAINS REGIONAL AND NATIONAL DATA ON COMPARABLE COMPENSATION OF SIMILAR POSITIONS AND SKILL LEVEL. COMPENSATION IS THEN REVIEWED BY THE SEARCH COMMITTEE WITH FINAL APPROVAL BY THE BOARD OF TRUSTEES. DOCUMENTATION OF THE PROCESS AND RESULTS IS KEPT IN HUMAN RESOURCES. THIS PROCESS WAS LAST CONDUCTED IN FY 2012. COMPENSATION OF OFFICERS FORM 990, PART VI, LINE 15B THE HUMAN RESOURCE DIRECTOR OBTAINS REGIONAL AND NATIONAL DATA ON COMPARABLE COMPENSATION OF SIMILAR POSITIONS AND SKILL LEVEL. THE COMPENSATION IS THEN REVIEWED BY THE SEARCH COMMITTEE WITH FINAL APPROVAL BY THE PRESIDENT OF THE UNIVERSITY. DOCUMENTATION OF THE PROCESS AND RESULTS IS KEPT IN HUMAN RESOURCES. THIS PROCESS WAS LAST CONDUCTED IN FY 2012. Governing documents, conflict of interest policy and financial statements available to the public Form 990, Part VI, Section C, Line 19 FINANCIAL STATEMENTS, GOVERNING DOCUMENTS, AND CONFLICT OF INTEREST POLICIES ARE NOT REQUIRED DISCLOSURES PURSUANT TO INTERNAL REVENUE CODE (IRC) SECTION 6104. THESE DOCUMENTS ARE NOT AVAILABLE TO THE PUBLIC AT THIS TIME. Other changes in net assets or fund balances Form 990, Part XI, Line 5 NET UNREALIZED GAINS (LOSSES) ON INVESTMENTS - -4403422; CHANGE IN VALUE OF INTEREST RATE SWAPS - -1238359; CHANGE IN VALUE OF SPLIT INTEREST TRUSTS - -20768; MIDTOWN CAPITAL INVESTMENTS LLC 2319 CRESTMOOR RD NASHVILLE TN 37215 DEVELOPMENT OF CAMPUS FACILITIES TN 0 0 BELMONT UNIVERSITY CHARITABLE REMAINDER TRUST (1) INVESTMENTS TN NA TRUST false false false false false false false false false false false false false false false false false false