LIBERTY UNIVERSITY INC: Form 990, tax year 2010
View the entire original 990 at ProPublica ↗
- Organization
- LIBERTY UNIVERSITY INC (EIN 54-0946734)
- Tax period
- 2010-07-01 to 2011-06-30
- Filed
- 2013-05-23
- IRS object ID
- 201331439349300438
- Schema version
- 2010v3.4
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990
- Schedule A
- Schedule B
- Schedule C
- Schedule D
- Schedule E
- Schedule F
- Schedule I
- Schedule J
- Schedule K
- Schedule L
- Schedule M
- Schedule O
- Schedule R
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2013-05-23T13:44:28-05:00 | Timestamp |
| Tax Period End Date | 2011-06-30 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | DIXON HUGHES GOODMAN LLP | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 4510 COX ROAD SUITE 200 | AddressLine1 |
| City | GLEN ALLEN | City |
| State | VA | State |
| ZIP Code | 230603394 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2010-07-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 540946734 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | LIBERTY UNIVERSITY INC | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | LIBE | NameControl |
| Phone | 4345923330 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1971 UNIVERSITY BLVD | AddressLine1 |
| City | LYNCHBURG | City |
| State | VA | State |
| ZIP Code | 245022269 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | DON MOON | Name |
| Title | CFO | Title |
| Phone | 4345923330 | Phone |
| Date Signed | 2013-05-23 | DateSigned |
| Authorize Third Party | 1 | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | GARY R THOMSON CPA | Name |
| Phone | 8042827636 | Phone |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2010 | TaxYear |
| Build TS | 2016-03-07 17:11:31Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Amended Return | X | AmendedReturn |
| Name Of Principal Officer Person | DON MOON | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1971 UNIVERSITY BLVD | AddressLine1 |
| City | LYNCHBURG | City |
| State | VA | State |
| ZIP Code | 245022269 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 838505142 | GrossReceipts |
| Group Return For Affiliates | 0 | GroupReturnForAffiliates |
| Organization501c3 | X | Organization501c3 |
| Web Site | WWW.LIBERTY.EDU | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1972 | YearFormation |
| State Legal Domicile | VA | StateLegalDomicile |
| Activity Or Mission Description | LIBERTY UNIVERSITY, INC. IS A CHRISTIAN ACADEMIC COMMUNITY IN THE TRADITION OF EVANGELICAL INSTITUTIONS OF HIGHER EDUCATION, WITH THE PRIMARY MISSION OF PROVIDING QUALITY COLLEGIATE EDUCATION. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 36 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 31 | NbrIndependentVotingMembers |
| Total Nbr Employees | 5806 | TotalNbrEmployees |
| Total Nbr Volunteers | 5000 | TotalNbrVolunteers |
| Total Gross UBI | 733258 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | -714795 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 10400632 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 13022228 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 499763312 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 606076628 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 5315242 | InvestmentIncomePriorYear |
| Investment Income Current Year | 2616683 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 3095920 | OtherRevenuePriorYear |
| Other Revenue Current Year | 6469895 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 518575106 | TotalRevenuePriorYear |
| Total Revenue Current Year | 628185434 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 109212932 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 113905496 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members Prior Year | 0 | BenefitsPaidToMembersPriorYear |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 154018795 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 183931064 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp Prior Year | 0 | TotalProfFundrsngExpPriorYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 3109446 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 110395382 | OtherExpensePriorYear |
| Other Expenses Current Year | 127013588 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 373627109 | TotalExpensesPriorYear |
| Total Expenses Current Year | 424850148 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | 144947997 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | 203335286 | RevenuesLessExpensesCY |
| Total Assets BOY | 611871607 | TotalAssetsBOY |
| Total Assets EOY | 940284054 | TotalAssetsEOY |
| Total Liabilities BOY | 176567722 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 302816638 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 435303885 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 637467416 | NetAssetsOrFundBalancesEOY |
| Mission Description | LIBERTY UNIVERSITY, INC. IS A CHRISTIAN ACADEMIC COMMUNITY IN THE TRADITION OF EVANGELICAL INSTITUTIONS OF HIGHER EDUCATION, WITH THE PRIMARY MISSION OF PROVIDING QUALITY COLLEGIATE EDUCATION. | MissionDescription |
| Significant New Program Services | 0 | SignificantNewProgramServices |
| Significant Change | 0 | SignificantChange |
| Expense | 344961462 | Expense |
| Grants | 113905496 | Grants |
| Revenue | 535484329 | Revenue |
| Description | INSTRUCTION, ACADEMIC SUPPORT, STUDENT SERVICES, INSTITUTIONAL SUPPORT, RESEARCH - INCLUDES REVENUES AND EXPENSES ASSOCIATED WITH THE PROVISION OF ASSOCIATE, BACCALAUREATE, MASTER AND DOCTORAL PROGRAMS FOR BOTH THE LIBERAL AND PROFESSIONAL DISCIPLINES IN RESIDENT AND EXTERNAL FORMATS. THE EXPENSES INCLUDE INSTRUCTION, ACADEMIC SUPPORT, STUDENT SERVICES, AND PUBLIC SUPPORT. THE REVENUE INCLUDES TUITION AND FEES FOR BOTH THE RESIDENT AND ONLINE PROGRAMS. | Description |
Activity2 Activity2
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | 27028095 | Expense |
| Revenue | 73015501 | Revenue |
| Description | AUXILIARY AND OTHER SERVICES - INCLUDES EXPENSES FOR AUXILIARY AND PUBLIC SERVICES IN REGARD TO THE UNIVERSITY'S PROVISION OF HIGHER EDUCATION. THESE SERVICES INCLUDE THE UNIVERSITY BOOKSTORE, SPORTING EVENTS AND OTHER SOURCES. | Description |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Expense | 371989557 | TotalProgramServiceExpense |
| Described In501 C3 | 1 | DescribedIn501C3 |
| Schedule B Required | 1 | ScheduleBRequired |
| Political Activities | 0 | PoliticalActivities |
| Lobbying Activities | 1 | LobbyingActivities |
| Donor Advised Funds | 0 | DonorAdvisedFunds |
| Conservation Easements | 0 | ConservationEasements |
| Collections Of Art | 1 | CollectionsOfArt |
| Credit Counseling | 0 | CreditCounseling |
| Term Or Permanent Endowments | 1 | TermOrPermanentEndowments |
| Report Land Bldg Equip | 1 | ReportLandBldgEquip |
| Report Invest Oth Securities | 0 | ReportInvestOthSecurities |
| Report Prog Rel Invest | 0 | ReportProgRelInvest |
| Report Other Assets | 0 | ReportOtherAssets |
| Report Other Liabilities | 1 | ReportOtherLiabilities |
| Report Fin48 Footnote | 1 | ReportFin48Footnote |
| Independent Audit Financial Stmt | 0 | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | 1 | ConsolidatedAuditFinancialStmt |
| School | 1 | School |
| Foreign Office | 1 | ForeignOffice |
| Foreign Activities | 1 | ForeignActivities |
| More Than5000 K To Organizations | 0 | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividuals |
| Professional Fundraising | 0 | ProfessionalFundraising |
| Fundraising Activities | 0 | FundraisingActivities |
| Gaming | 0 | Gaming |
| Hospital | 0 | Hospital |
| Grants To Organizations | 1 | GrantsToOrganizations |
| Grants To Individuals | 1 | GrantsToIndividuals |
| Schedule J Required | 1 | ScheduleJRequired |
| Tax Exempt Bonds | 1 | TaxExemptBonds |
| Invest Tax Exempt Bonds | 0 | InvestTaxExemptBonds |
| Escrow Account | 0 | EscrowAccount |
| On Behalf Of Issuer | 0 | OnBehalfOfIssuer |
| Excess Benefit Transaction | 0 | ExcessBenefitTransaction |
| Prior Excess Benefit Transaction | 0 | PriorExcessBenefitTransaction |
| Loan To Officer Or DQP | 1 | LoanToOfficerOrDQP |
| Grant To Related Person | 1 | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | 1 | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | 1 | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | 1 | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | 1 | DeductibleNonCashContributions |
| Deductible Contributions Of Art | 0 | DeductibleContributionsOfArt |
| Terminated | 0 | Terminated |
| Partial Liquidation | 0 | PartialLiquidation |
| Disregarded Entity | 1 | DisregardedEntity |
| Related Entity | 1 | RelatedEntity |
| Related Org Controlled Entity | 1 | RelatedOrgControlledEntity |
| Transaction Related Entity | 0 | TransactionRelatedEntity |
| Transfers To Exempt Non Chrtbl Org | 0 | TransfersToExemptNonChrtblOrg |
| Activities Conducted Partnership | 0 | ActivitiesConductedPartnership |
| Schedule O Required | 1 | ScheduleORequired |
| Number Forms Transmitted With1096 | 1429 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Number Of Employees | 5806 | NumberOfEmployees |
| Employment Tax Returns Filed | 1 | EmploymentTaxReturnsFiled |
| Unrelated Business Income | 1 | UnrelatedBusinessIncome |
| Form990-T Filed | 1 | Form990-TFiled |
| Foreign Financial Account | 0 | ForeignFinancialAccount |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTrans |
| Taxable Party Notification | 0 | TaxablePartyNotification |
| Non Deductible Contributions | 0 | NonDeductibleContributions |
| Quid Pro Quo Contributions | 1 | QuidProQuoContributions |
| Quid Pro Quo Disclosure | 1 | QuidProQuoDisclosure |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOf |
| Form1098 C Filed | 1 | Form1098CFiled |
| Indoor Tanning Services | 0 | IndoorTanningServices |
| Info In Schedule O Part VI | X | InfoInScheduleOPartVI |
| Nbr Voting Governing Body Members | 36 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 31 | NumberIndependentVotingMembers |
| Family Or Business Relationship | 1 | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | 0 | DelegationOfManagementDuties |
| Changes To Organizing Docs | 0 | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuse |
| Members Or Stockholders | 0 | MembersOrStockholders |
| Election Of Board Members | 0 | ElectionOfBoardMembers |
| Decisions Subject To Approval | 0 | DecisionsSubjectToApproval |
| Minutes Of Governing Body | 1 | MinutesOfGoverningBody |
| Minutes Of Committees | 1 | MinutesOfCommittees |
| Officer Mailing Address | 0 | OfficerMailingAddress |
| Local Chapters | 1 | LocalChapters |
| Policies Reference Chapters | 1 | PoliciesReferenceChapters |
| Form990 Provided To Governing Body | 1 | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | 1 | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | 1 | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | 1 | RegularMonitoringEnforcement |
| Whistleblower Policy | 1 | WhistleblowerPolicy |
| Document Retention Policy | 1 | DocumentRetentionPolicy |
| Compensation Process CEO | 1 | CompensationProcessCEO |
| Compensation Process Other | 1 | CompensationProcessOther |
| Investment In Joint Venture | 0 | InvestmentInJointVenture |
| States Where Copy Of Return Is Filed | VA | StatesWhereCopyOfReturnIsFiled |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
Name Business NameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | ACCOUNTING DEPARTMENT | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Telephone Number | 4345923330 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1971 UNIVERSITY BOULEVARD | AddressLine1 |
| City | LYNCHBURG | City |
| State | VA | State |
| ZIP Code | 245022269 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionA (47 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | OfficerOfficer | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation | Highest Compensated EmployeeHighestCompensatedEmployee |
|---|---|---|---|---|---|---|---|
| JERRY FALWELL JR | |||||||
| CHANCELLOR/LEGAL COUNSEL | 55.00 | X | X | 371521 | 0 | 38439 | |
| MR NEAL ASKEW | |||||||
| ASSISTANT TO THE CHANCELLO | 50.00 | X | 102169 | 0 | 14637 | ||
| DR MARK BECTON | |||||||
| TRUSTEE | 2.00 | X | 0 | 0 | 0 | ||
| MR WAYNE BOOTH | |||||||
| TRUSTEE | 2.00 | X | 0 | 0 | 0 | ||
| MR FLEET BROWNING | |||||||
| TRUSTEE | 2.00 | X | 0 | 0 | 0 | ||
| MR TOM COBLE | |||||||
| TRUSTEE | 2.00 | X | 0 | 0 | 0 | ||
| MR MARION COMPTON | |||||||
| TRUSTEE | 2.00 | X | 0 | 0 | 0 | ||
| MR SHERWIN COOK | |||||||
| TRUSTEE | 2.00 | X | 0 | 0 | 0 | ||
| DR DON CRAIN | |||||||
| TRUSTEE | 2.00 | X | 0 | 0 | 0 | ||
| MR MARK DEMOSS | |||||||
| TRUSTEE | 2.00 | X | 0 | 0 | 0 | ||
| DR JACK DINSBEER | |||||||
| TRUSTEE | 2.00 | X | 0 | 0 | 0 | ||
| MR JONATHAN FALWELL | |||||||
| TRUSTEE | 23.00 | X | 110691 | 0 | 8227 | ||
| DR HERBERT FITZPATRICK | |||||||
| TRUSTEE | 2.00 | X | 0 | 0 | 0 | ||
| DR RONNIE FLOYD | |||||||
| TRUSTEE | 2.00 | X | 0 | 0 | 0 | ||
| MR HARVEY GAINEY | |||||||
| TRUSTEE | 2.00 | X | 0 | 0 | 0 | ||
| DR JEFF GINN | |||||||
| TRUSTEE | 2.00 | X | 0 | 0 | 0 | ||
| DR JACK GRAHAM | |||||||
| TRUSTEE | 2.00 | X | 0 | 0 | 0 | ||
| MR JOHN HEATH | |||||||
| TRUSTEE | 2.00 | X | 0 | 0 | 0 | ||
| DR BEVERLY LAHAYE | |||||||
| TRUSTEE | 2.00 | X | 0 | 0 | 0 | ||
| DR TIM LAHAYE | |||||||
| TRUSTEE | 2.00 | X | 0 | 0 | 0 | ||
| DR RICHARD LEE | |||||||
| TRUSTEE | 2.00 | X | 0 | 0 | 0 | ||
| DR TIM LEE | |||||||
| TRUSTEE | 2.00 | X | 0 | 0 | 0 | ||
| DR ALLEN MCFARLAND | |||||||
| TRUSTEE | 5.00 | X | 0 | 0 | 0 | ||
| DR JAMES MERRITT | |||||||
| TRUSTEE | 2.00 | X | 0 | 0 | 0 | ||
| DR GENE MIMS | |||||||
| TRUSTEE | 2.00 | X | 0 | 0 | 0 | ||
| MR RICHARD OSBORNE | |||||||
| TRUSTEE | 2.00 | X | 0 | 0 | 0 | ||
| MR GALEN PEEL | |||||||
| TRUSTEE | 2.00 | X | 0 | 0 | 0 | ||
| MR WILBUR PETERS | |||||||
| TRUSTEE | 2.00 | X | 0 | 0 | 0 | ||
| DR RICHARD POWELL | |||||||
| TRUSTEE | 2.00 | X | 0 | 0 | 0 | ||
| DR JERRY PREVO | |||||||
| TRUSTEE | 2.00 | X | 0 | 0 | 0 | ||
| DR DWIGHT REIGHARD | |||||||
| TRUSTEE | 2.00 | X | 0 | 0 | 0 | ||
| DR DAVID RHODENHIZER | |||||||
| TRUSTEE | 2.00 | X | 0 | 0 | 0 | ||
| MR JIMMY THOMAS | |||||||
| TRUSTEE | 2.00 | X | 0 | 0 | 0 | ||
| DR JERRY THORPE | |||||||
| TRUSTEE | 2.00 | X | 0 | 0 | 0 | ||
| MR GILBERT TINNEY JR | |||||||
| TRUSTEE | 2.00 | X | 0 | 0 | 0 | ||
| DR JERRY VINES | |||||||
| TRUSTEE | 2.00 | X | 0 | 0 | 0 | ||
| REV CARL WEISER | |||||||
| TRUSTEE | 2.00 | X | 0 | 0 | 0 | ||
| MR JEFFREY YAGER | |||||||
| TRUSTEE | 2.00 | X | 0 | 0 | 0 | ||
| MR RONALD GODWIN | |||||||
| EXECUTIVE VP/COO | 45.00 | X | 144320 | 0 | 15316 | ||
| MS SHARON J HARTLESS | |||||||
| ADMIN ASSISTANT TO EXC VP | 45.00 | X | 83094 | 0 | 18358 | ||
| MR DON MOON | |||||||
| CFO/VP OF INVSTMT MANGMNT | 55.00 | X | 110876 | 0 | 18327 | ||
| DR BOYD C RIST | |||||||
| VP ACADEMIC AFFAIRS | 55.00 | X | 153115 | 0 | 24346 | ||
| DANIEL ROCCO | |||||||
| HEAD COACH - FB | 55.00 | 440463 | 0 | 39145 | X | ||
| MR JEFF BARBER | |||||||
| ATHLETIC DIRECTOR | 55.00 | 258226 | 0 | 20351 | X | ||
| CAREY GREEN | |||||||
| HEAD COACH - WBB | 55.00 | 191699 | 0 | 25699 | X | ||
| DALE LAYER | |||||||
| BASKETBALL COACH | 55.00 | 274890 | 0 | 33792 | X | ||
| DR ROBERT RITZ | |||||||
| DIRECTOR FIN. AID | 55.00 | 157218 | 0 | 18886 | X | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 2398282 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 0 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 275523 | TotalOtherCompensation |
| Number Individuals GT100 K | 11 | NumberIndividualsGT100K |
| Formers Listed | 0 | FormersListed |
| Total Comp GT150 K | 1 | TotalCompGT150K |
| Compensation From Other Sources | 0 | CompensationFromOtherSources |
Contractor Compensation ContractorCompensation (5 entries)
| Address Line1AddressOfContractor/AddressUS/AddressLine1 | CityAddressOfContractor/AddressUS/City | StateAddressOfContractor/AddressUS/State | ZIP CodeAddressOfContractor/AddressUS/ZIPCode | Description Of ServicesDescriptionOfServices | CompensationCompensation |
|---|---|---|---|---|---|
| BRANCH AND ASSOCIATES | |||||
| 5732 AIRPORT ROAD | ROANOKE | VA | 24012 | CONSTRUCTION | 14016706 |
| PLATTFORM ADVERTISING INC | |||||
| 15500 W 113TH ST 3RD FLOOR | LENEXA | KS | 66219 | ADMISSIONS LEADS GENERATION | 4313922 |
| EDUCATION DYNAMICS | |||||
| 157 YESLER WAY SUITE 200 | SEATTLE | WA | 98104 | ADMISSIONS LEADS GENERATION | 4166040 |
| COLEMAN-GLASS CONSTRUCTION | |||||
| PO BOX 775 | FOREST | VA | 24551 | CONSTRUCTION | 2025013 |
| AMERICAN ASSOCIATION OF CHRISTIAN COUNSE | |||||
| PO BOX 739 | FOREST | VA | 24551 | ROYALTIES | 1906183 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 50 | NumberOfContractorsGT100K |
| Government Grants | 1577627 | GovernmentGrants |
| All Other Contributions | 11444601 | AllOtherContributions |
| Noncash Contributions | 1293114 | NoncashContributions |
| Total Contributions | 13022228 | TotalContributions |
Program Service Revenue ProgramServiceRevenue (5 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome | Unrelated Business RevenueUnrelatedBusinessRevenue |
|---|---|---|---|---|
| TUITION AND FEES | 611710 | 535484329 | 535484329 | |
| ROOM & BOARD | 611710 | 45978692 | 45978692 | |
| STUDENT FEES | 611710 | 12995811 | 12995811 | |
| BOOKSTORE/CONCESSIONS | 611710 | 5860564 | 5860564 | |
| STUDENT ACTIVITIES | 611710 | 5757232 | 5289884 | 467348 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 606076628 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 7580869 | TotalRevenueColumn |
| Unrelated Business Revenue | 30161 | UnrelatedBusinessRevenue |
| Exclusion | $7,550,708 | ExclusionAmount |
Royalties Revenue RoyaltiesRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 104858 | TotalRevenueColumn |
| Exclusion | $104,858 | ExclusionAmount |
Gross Rents GrossRents
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 5287302 | Real |
| Personal | 73260 | Personal |
Less Rental Expenses LessRentalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 2131477 | Real |
Rental Income Or Loss RentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 3155825 | Real |
| Personal | 73260 | Personal |
Net Rental Income Or Loss NetRentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 3229085 | TotalRevenueColumn |
| Unrelated Business Revenue | 73260 | UnrelatedBusinessRevenue |
| Exclusion | $3,155,825 | ExclusionAmount |
Gross Amount Sales Assets GrossAmountSalesAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 202710917 | Securities |
| Other | 513128 | Other |
Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 207163280 | Securities |
| Other | 1024951 | Other |
Gain Or Loss GainOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | -4452363 | Securities |
| Other | -511823 | Other |
Net Gain Or Loss Investments NetGainOrLossInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -4964186 | TotalRevenueColumn |
| Related Or Exempt Function Income | -4964186 | RelatedOrExemptFunctionIncome |
Other Revenue Misc OtherRevenueMisc (2 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome | Unrelated Business RevenueUnrelatedBusinessRevenue |
|---|---|---|---|---|
| OTHER INCOME | 532000 | 2360178 | 2197689 | 162489 |
| SPONSORSHIPS/ADVERTISI | 775774 | 775774 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Revenue | 3135952 | TotalOtherRevenue |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 628185434 | TotalRevenueColumn |
| Related Or Exempt Function Income | 603618557 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 733258 | UnrelatedBusinessRevenue |
| Exclusion | $10,811,391 | ExclusionAmount |
Grants To Domestic Orgs GrantsToDomesticOrgs
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2870478 | Total |
| Program Services | 2870478 | ProgramServices |
Grants To Domestic Individuals GrantsToDomesticIndividuals
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 111035018 | Total |
| Program Services | 111035018 | ProgramServices |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2547768 | Total |
| Program Services | 2114647 | ProgramServices |
| Management And General | 407643 | ManagementAndGeneral |
| Fundraising | 25478 | Fundraising |
Comp Disqual Persons CompDisqualPersons
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 111438 | Total |
| Program Services | 92494 | ProgramServices |
| Management And General | 17830 | ManagementAndGeneral |
| Fundraising | 1114 | Fundraising |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 147379997 | Total |
| Program Services | 122325397 | ProgramServices |
| Management And General | 23580800 | ManagementAndGeneral |
| Fundraising | 1473800 | Fundraising |
Pension Plan Contributions PensionPlanContributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2756652 | Total |
| Program Services | 2288021 | ProgramServices |
| Management And General | 441064 | ManagementAndGeneral |
| Fundraising | 27567 | Fundraising |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 21239109 | Total |
| Program Services | 17628461 | ProgramServices |
| Management And General | 3398257 | ManagementAndGeneral |
| Fundraising | 212391 | Fundraising |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 9896100 | Total |
| Program Services | 8213763 | ProgramServices |
| Management And General | 1583376 | ManagementAndGeneral |
| Fundraising | 98961 | Fundraising |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 755312 | Total |
| Program Services | 626909 | ProgramServices |
| Management And General | 120850 | ManagementAndGeneral |
| Fundraising | 7553 | Fundraising |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 222061 | Total |
| Program Services | 184310 | ProgramServices |
| Management And General | 35530 | ManagementAndGeneral |
| Fundraising | 2221 | Fundraising |
Fees For Services Lobbying FeesForServicesLobbying
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 60055 | Total |
| Program Services | 49845 | ProgramServices |
| Management And General | 9609 | ManagementAndGeneral |
| Fundraising | 601 | Fundraising |
Fees For Services Invst Mgmnt Fees FeesForServicesInvstMgmntFees
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 204729 | Total |
| Program Services | 169925 | ProgramServices |
| Management And General | 32757 | ManagementAndGeneral |
| Fundraising | 2047 | Fundraising |
Fees For Services Other FeesForServicesOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 41050708 | Total |
| Program Services | 34072087 | ProgramServices |
| Management And General | 6568114 | ManagementAndGeneral |
| Fundraising | 410507 | Fundraising |
Advertising Advertising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 4433444 | Total |
| Program Services | 3679759 | ProgramServices |
| Management And General | 709351 | ManagementAndGeneral |
| Fundraising | 44334 | Fundraising |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1976102 | Total |
| Program Services | 1640165 | ProgramServices |
| Management And General | 316176 | ManagementAndGeneral |
| Fundraising | 19761 | Fundraising |
Information Technology InformationTechnology
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 5206862 | Total |
| Program Services | 4321695 | ProgramServices |
| Management And General | 833098 | ManagementAndGeneral |
| Fundraising | 52069 | Fundraising |
Royalties Royalties
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2862413 | Total |
| Program Services | 2375803 | ProgramServices |
| Management And General | 457986 | ManagementAndGeneral |
| Fundraising | 28624 | Fundraising |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 6013824 | Total |
| Program Services | 4991474 | ProgramServices |
| Management And General | 962212 | ManagementAndGeneral |
| Fundraising | 60138 | Fundraising |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 6273841 | Total |
| Program Services | 5207288 | ProgramServices |
| Management And General | 1003815 | ManagementAndGeneral |
| Fundraising | 62738 | Fundraising |
Conferences Meetings ConferencesMeetings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 405794 | Total |
| Program Services | 336809 | ProgramServices |
| Management And General | 64927 | ManagementAndGeneral |
| Fundraising | 4058 | Fundraising |
Interest Interest
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 3105114 | Total |
| Program Services | 2577245 | ProgramServices |
| Management And General | 496818 | ManagementAndGeneral |
| Fundraising | 31051 | Fundraising |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 16832980 | Total |
| Program Services | 13971373 | ProgramServices |
| Management And General | 2693277 | ManagementAndGeneral |
| Fundraising | 168330 | Fundraising |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 3014490 | Total |
| Program Services | 2502027 | ProgramServices |
| Management And General | 482318 | ManagementAndGeneral |
| Fundraising | 30145 | Fundraising |
Other Expenses OtherExpenses (5 entries)
| DescriptionDescription | TotalTotal | Program ServicesProgramServices | Management And GeneralManagementAndGeneral | FundraisingFundraising |
|---|---|---|---|---|
| OTHER SUPPLIES | 13943780 | 11573337 | 2231005 | 139438 |
| BAD DEBT EXPENSE | 5605699 | 4652730 | 896912 | 56057 |
| EQUIPMENT | 3363193 | 2791450 | 538111 | 33632 |
| BANK SERVICE CHARGES | 2897597 | 2405006 | 463615 | 28976 |
| PRINTING | 2477882 | 2056642 | 396461 | 24779 |
All Other Expenses AllOtherExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 6307708 | Total |
| Program Services | 5235399 | ProgramServices |
| Management And General | 1009233 | ManagementAndGeneral |
| Fundraising | 63076 | Fundraising |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 424850148 | Total |
| Program Services | 371989557 | ProgramServices |
| Management And General | 49751145 | ManagementAndGeneral |
| Fundraising | 3109446 | Fundraising |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 48856093 | BOY |
| EOY | 409493323 | EOY |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 166031413 | BOY |
| EOY | 59848699 | EOY |
Pledges And Grants Receivable PledgesAndGrantsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 360000 | BOY |
| EOY | 560000 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 23921535 | BOY |
| EOY | 94676683 | EOY |
Receivables From Officers Etc ReceivablesFromOfficersEtc
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | 14100 | EOY |
Other Notes Loans Receivable Net OtherNotesLoansReceivableNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 492976 | BOY |
| EOY | 1455246 | EOY |
Inventories For Sale Or Use InventoriesForSaleOrUse
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 320001 | BOY |
| EOY | 218027 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 10681346 | BOY |
| EOY | 6870676 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 414481300 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 136495491 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 277191881 | BOY |
| EOY | 277985809 | EOY |
Investments Pub Traded Securities InvestmentsPubTradedSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 76502766 | BOY |
| EOY | 53905290 | EOY |
Investments Other Securities InvestmentsOtherSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | 1796816 | EOY |
Investments Program Related InvestmentsProgramRelated
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 5339030 | BOY |
| EOY | 30800561 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2174566 | BOY |
| EOY | 2658824 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 611871607 | BOY |
| EOY | 940284054 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 19958651 | BOY |
| EOY | 24437826 | EOY |
Deferred Revenue DeferredRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 71423658 | BOY |
| EOY | 130868404 | EOY |
Mort Notes Pybl Secured Invest Prop MortNotesPyblSecuredInvestProp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 64088626 | BOY |
| EOY | 127141487 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 21096787 | BOY |
| EOY | 20368921 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 176567722 | BOY |
| EOY | 302816638 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 426969055 | BOY |
| EOY | 627798173 | EOY |
Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1679127 | BOY |
| EOY | 2442026 | EOY |
Permanently Restricted Net Assets PermanentlyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 6655703 | BOY |
| EOY | 7227217 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 435303885 | BOY |
| EOY | 637467416 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 611871607 | BOY |
| EOY | 940284054 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | X | InfoInScheduleOPartXI |
| Reconcilation Revenue Expenses | 203335286 | ReconcilationRevenueExpenses |
| Reconcilation Other Changes | -1171755 | ReconcilationOtherChanges |
| Info In Schedule O Part XII | X | InfoInScheduleOPartXII |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | 0 | AccountantCompileOrReview |
| FS Audited | 1 | FSAudited |
| Audit Committee | 1 | AuditCommittee |
| Financial Statement Consolidated | X | FinancialStatementConsolidated |
| Federal Grant Audit Required | 1 | FederalGrantAuditRequired |
| Federal Grant Audit Performed | 1 | FederalGrantAuditPerformed |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| School170b1 Aii | X | School170b1Aii |
Schedule B IRS990ScheduleB
Contributor Info ContributorInfo
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor Number | RESTRICTED | ContributorNumber |
Contributor Name Business ContributorNameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor Address US ContributorAddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Aggregate Contributions | RESTRICTED | AggregateContributions |
Schedule C IRS990ScheduleC
Total Direct Lobbying TotalDirectLobbying
| Field | Value | IRS element (for citing) |
|---|---|---|
| Filing Organizations Totals | 60054 | FilingOrganizationsTotals |
Total Lobbying Expenditures TotalLobbyingExpenditures
| Field | Value | IRS element (for citing) |
|---|---|---|
| Filing Organizations Totals | 60054 | FilingOrganizationsTotals |
Other Exempt Purpose Expenditures OtherExemptPurposeExpenditures
| Field | Value | IRS element (for citing) |
|---|---|---|
| Filing Organizations Totals | 424790094 | FilingOrganizationsTotals |
Total Exempt Purpose Expenditures TotalExemptPurposeExpenditures
| Field | Value | IRS element (for citing) |
|---|---|---|
| Filing Organizations Totals | 424850148 | FilingOrganizationsTotals |
Lobbying Nontaxable LobbyingNontaxableAmount
| Field | Value | IRS element (for citing) |
|---|---|---|
| Filing Organizations Totals | 1000000 | FilingOrganizationsTotals |
Grassroots Nontaxable GrassrootsNontaxableAmount
| Field | Value | IRS element (for citing) |
|---|---|---|
| Filing Organizations Totals | 250000 | FilingOrganizationsTotals |
Tot Lobbying Grassroot Minus Non Tx TotLobbyingGrassrootMinusNonTx
| Field | Value | IRS element (for citing) |
|---|---|---|
| Filing Organizations Totals | 0 | FilingOrganizationsTotals |
Tot Lobby Expend Mns Lobbying Nontx TotLobbyExpendMnsLobbyingNontx
| Field | Value | IRS element (for citing) |
|---|---|---|
| Filing Organizations Totals | 0 | FilingOrganizationsTotals |
Lobbying Nontaxable Amount2 LobbyingNontaxableAmount2
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year Minus3 | 1000000 | CurrentYearMinus3 |
| Current Year Minus2 | 1000000 | CurrentYearMinus2 |
| Current Year Minus1 | 1000000 | CurrentYearMinus1 |
| Current Year | 1000000 | CurrentYear |
| Total | 4000000 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Lobbying Ceiling | $6,000,000 | LobbyingCeilingAmount |
Total Lobbying Expenditures2 TotalLobbyingExpenditures2
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year Minus3 | 208022 | CurrentYearMinus3 |
| Current Year Minus2 | 197711 | CurrentYearMinus2 |
| Current Year Minus1 | 42084 | CurrentYearMinus1 |
| Current Year | 60054 | CurrentYear |
| Total | 507871 | Total |
Grassroots Nontaxable Amount2 GrassrootsNontaxableAmount2
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year Minus3 | 250000 | CurrentYearMinus3 |
| Current Year Minus2 | 250000 | CurrentYearMinus2 |
| Current Year Minus1 | 250000 | CurrentYearMinus1 |
| Current Year | 250000 | CurrentYear |
| Total | 1000000 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grassroots Ceiling | $1,500,000 | GrassrootsCeilingAmount |
Schedule D IRS990ScheduleD
| Field | Value | IRS element (for citing) |
|---|---|---|
| Collect Used For Public Exhibition | X | CollectUsedForPublicExhibition |
| Solicited Assets For Sale | 0 | SolicitedAssetsForSale |
Current Year CurrentYear
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 50659154 | BeginningOfYearBalance |
| Contributions | 1653378 | Contributions |
| Investment Earnings Or Losses | 3851499 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 50158 | GrantsOrScholarships |
| Other Expenditures | 2007533 | OtherExpenditures |
| End Of Year Balance | 54106340 | EndOfYearBalance |
Current Year Minus1 Year CurrentYearMinus1Year
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 7432405 | BeginningOfYearBalance |
| Contributions | 41881783 | Contributions |
| Investment Earnings Or Losses | 1602884 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 257919 | GrantsOrScholarships |
| End Of Year Balance | 50659153 | EndOfYearBalance |
Current Year Minus2 Years CurrentYearMinus2Years
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 7273265 | BeginningOfYearBalance |
| Contributions | 81191 | Contributions |
| Investment Earnings Or Losses | 232343 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 154394 | GrantsOrScholarships |
| End Of Year Balance | 7432405 | EndOfYearBalance |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated EOY Balance | 0.87000 | BoardDesignatedEOYBalance |
| Permanent Endowment EOY Balance | 0.13000 | PermanentEndowmentEOYBalance |
| Term Endowment EOY Balance | 0.00000 | TermEndowmentEOYBalance |
| Endowments Held By Unrelated Orgs | 0 | EndowmentsHeldByUnrelatedOrgs |
| Endowments Held By Related Orgs | 0 | EndowmentsHeldByRelatedOrgs |
Land Land
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | 54477358 | InvestmentCostOrOtherBasis |
| Book Value | 54477358 | BookValue |
Buildings Buildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | 208940697 | InvestmentCostOrOtherBasis |
| Depreciation | 61091328 | Depreciation |
| Book Value | 147849369 | BookValue |
Leasehold Improvements LeaseholdImprovements
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | 42464311 | InvestmentCostOrOtherBasis |
| Depreciation | 8511948 | Depreciation |
| Book Value | 33952363 | BookValue |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | 71344662 | InvestmentCostOrOtherBasis |
| Depreciation | 52743038 | Depreciation |
| Book Value | 18601624 | BookValue |
Other Land Buildings OtherLandBuildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | 37254272 | InvestmentCostOrOtherBasis |
| Depreciation | 14149177 | Depreciation |
| Book Value | 23105095 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 277985809 | TotalOfBookValueLandBuildings |
Other Liabilities OtherLiabilities (4 entries)
| DescriptionDescription | AmountAmount |
|---|---|
| GIFT ANNUITIES PAYABLE | $15,649,787 |
| LIABILITY UNDER SPLIT INTEREST AGREEMENTS | $2,265,483 |
| OBLIGATIONS UNDER CAPITAL LEASES | $2,384,937 |
| DUE TO FREEDOM AVIATION FROM C&C JETTING | $68,714 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 20368921 | TotalOfAmounts |
| Total Revenue | 628185434 | TotalRevenue |
| Total Expenses | 424850148 | TotalExpenses |
| Excess Or Deficit For Year | 203335286 | ExcessOrDeficitForYear |
| Other | -$1,171,755 | OtherAmount |
| Total Adjustments | -1171755 | TotalAdjustments |
| Excess Or Deficit Per FS | 202163531 | ExcessOrDeficitPerFS |
| Tot Revenue Etc Audited Fincl Stmt | 525334605 | TotRevenueEtcAuditedFinclStmt |
| Net Unrealized Gains Investments | -297675 | NetUnrealizedGainsInvestments |
| Donated Srvc And Use Of Facilities | 710307 | DonatedSrvcAndUseOfFacilities |
| Other Revenues | 7771557 | OtherRevenues |
| Revenue Not Rptd F990 | 8184189 | RevenueNotRptdF990 |
| Revenue Subtotal | 517150416 | RevenueSubtotal |
| Other Revenues Not Included | 111035018 | OtherRevenuesNotIncluded |
| Revenue Not Rptd On Fin Stmt | 111035018 | RevenueNotRptdOnFinStmt |
| Total Revenue Per Form990 | 628185434 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 323171074 | TotExpensesEtcAuditedFinclStmt |
| Donated Services Use Of Facilities | 710307 | DonatedServicesUseOfFacilities |
| Other Expenses Included | 8645637 | OtherExpensesIncluded |
| Expenses Not Rptd F990 | 9355944 | ExpensesNotRptdF990 |
| Expenses Subtotal | 313815130 | ExpensesSubtotal |
| Other Expenses Not Included | 111035018 | OtherExpensesNotIncluded |
| Expenses Not Rptd On Fin Stmt | 111035018 | ExpensesNotRptdOnFinStmt |
| Total Expenses Per Form990 | 424850148 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIV Form990ScheduleDPartXIV (9 entries)
| Return ReferenceReturnReference | ExplanationExplanation | IdentifierIdentifier |
|---|---|---|
| PART III, LINE 1A: | LIBERTY UNIVERSITY HAS A COLLECTION OF SEVERAL ANIMAL TROPHIES DONATED BY A LOCAL RESIDENT. THE AUDITED FINANCIAL STATEMENTS OF THE FISCAL YEAR ENDING JUNE 30, 2011 OF LIBERTY UNIVERSITY DOES NOT CONTAIN A FOOTNOTE DESCRIBING THIS COLLECTION BECAUSE IT WAS DONATED SEVERAL YEARS AGO. HOWEVER, A FOOTNOTE WITHIN THE AUDITED FINANCIAL STATEMENTS DOES DESCRIBE THE ACCOUNTING POLICY OF LIBERTY UNIVERSITY IN ACCOUNTING FOR CONTRIBUTIONS OF WORKS OF ART, HISTORICAL TREASURES, AND OTHER SIMILAR ITEMS: "CONTRIBUTIONS OF WORKS OF ART, HISTORICAL TREASURES AND SIMILAR ASSETS HELD AS PART OF COLLECTIONS ARE NOT RECOGNIZED OR CAPITALIZED." | |
| PART III, LINE 4: | LIBERTY UNIVERSITY HAS A COLLECTION OF SEVERAL ANIMAL TROPHIES DONATED BY LOCAL RESIDENT. THE ANIMAL TROPHIES ARE DISPLAYED WITHIN THE UNIVERSITY'S FACILITIES FOR THE EDUCATION AND ENJOYMENT OF STUDENTS AND VISITORS. THERE IS NO ADMISSION CHARGE FOR VIEWING THE COLLECTION AND LIBERTY UNIVERSITY DOES NOT ADVERTISE THAT THE COLLECTION IS OPEN TO THE GENERAL PUBLIC. | |
| PART V, LINE 4: | UNIVERSITY INTENDS TO MAXIMIZE THE TOTAL RETURN ON ITS RETURN ON ENDOWMENT FUNDS, AND, AS SPECIFIED IN THE UNDERLYING AGREEMENTS, IT USES THE SPENDABLE PORTION FOR PURPOSES OF THE FOLLOWING: AWARDING SCHOLARSHIPS AND GRANTS TO STUDENTS; UNIVERSITY OPERATING EXPENSES; AND CHRISTIAN MINISTRY OUTREACH. | DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: |
| PART X: | THE INTERNAL REVENUE SERVICE HAS RULED THAT THE UNIVERSITY QUALIFIES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND IS, THEREFORE, NOT GENERALLY SUBJECT TO INCOME TAXES UNDER PRESENT TAX LAWS. MANAGEMENT BELIEVES THAT ANY INCOME TAX LIABILITY RESULTING FROM UNRELATED BUSINESS INCOME FOR THE YEAR ENDED JUNE 30, 2011 WOULD NOT HAVE A SIGNIFICANT IMPACT ON THE UNIVERSITY'S RESULTS OF ACTIVITIES. CERTAIN SUBSIDIARIES OF THE UNIVERSITY ARE TAXED AS SEPARATE ENTITIES. THE UNIVERSITY HAS DETERMINED THAT IT DOES NOT HAVE ANY MATERIAL UNRECOGNIZED TAX BENEFITS OR OBLIGATIONS AS OF JUNE 30, 2011. FISCAL YEARS ENDING ON OR AFTER JUNE 30, 2008 REMAIN SUBJECT TO EXAMINATION BY FEDERAL AND STATE TAX AUTHORITIES. | DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: |
| CHANGE IN SPLIT INTEREST AGREEMENT AND UNREALIZED GAINS -1,171,755. | PART XI, LINE 8 - OTHER ADJUSTMENTS: | |
| CHANGE IN SPLIT INTEREST AGREEMENT -874,081. REVENUE FROM SUBSIDIARIES NOT INCLUDED IN THIS RETURN 6,514,160. EXPENSE FROM NET RENTAL INCOME 2,131,478. | PART XII, LINE 2D - OTHER ADJUSTMENTS: | |
| INSTITUTIONAL SCHOLARSHIPS 111,035,018. | PART XII, LINE 4B - OTHER ADJUSTMENTS: | |
| EXPENSE FROM SUBSIDIARIES NOT INCLUDED IN THIS RETURN 6,514,159. EXPENSE FROM NET RENTAL INCOME 2,131,478. | PART XIII, LINE 2D - OTHER ADJUSTMENTS: | |
| INSTITUTIONAL SCHOLARSHIPS 111,035,018. | PART XIII, LINE 4B - OTHER ADJUSTMENTS: |
Schedule E IRS990ScheduleE
| Field | Value | IRS element (for citing) |
|---|---|---|
| Nondiscriminatory Policy Stmt | 1 | NondiscriminatoryPolicyStmt |
| Policy Statement In Brochures Etc | 1 | PolicyStatementInBrochuresEtc |
| Policy Publ Via Broadcast Media | 1 | PolicyPublViaBroadcastMedia |
| Maint Racial Composition Records | 1 | MaintRacialCompositionRecords |
| Maint Scholarships Records | 1 | MaintScholarshipsRecords |
| Maint Copies Of Brochures Etc | 1 | MaintCopiesOfBrochuresEtc |
| Maint Copies Of All Solicitations | 1 | MaintCopiesOfAllSolicitations |
| Discriminate Race Students Rights | 0 | DiscriminateRaceStudentsRights |
| Discriminate Race Admiss Policies | 0 | DiscriminateRaceAdmissPolicies |
| Discriminate Race Emplmn Faculty | 0 | DiscriminateRaceEmplmnFaculty |
| Discriminate Race Scholarships | 0 | DiscriminateRaceScholarships |
| Discriminate Race Educ Policies | 0 | DiscriminateRaceEducPolicies |
| Discriminate Race Use Of Fclts | 0 | DiscriminateRaceUseOfFclts |
| Discriminate Race Athletic Prog | 0 | DiscriminateRaceAthleticProg |
| Discriminate Race Other Acty | 0 | DiscriminateRaceOtherActy |
| Government Financial Aid Received | 1 | GovernmentFinancialAidReceived |
| Government Financial Aid Revoked | 0 | GovernmentFinancialAidRevoked |
| Compliance With Rev Proc7550 | 1 | ComplianceWithRevProc7550 |
Form990 Schedule E Part II Form990ScheduleEPartII (2 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| EXPLANATION OF NONDISCRIMINATORY POLICY PUBLICATION | SCHEDULE E, PART I, LINE 3 | LIBERTY UNIVERSITY DRAWS A SUBSTANTIAL PERCENTAGE OF ITS STUDENTS NATIONWIDE, AND FOLLOWS A RACIALLY NON-DISCRIMINATORY POLICY AS TO STUDENTS. THIS POLICY IS ONLINE AND IN ALL THE BROCHURES AND CATALOGS DEALING WITH ADMISSION AND SCHOLARSHIPS |
| EXPLANATION OF GOVERNMENT FINANCIAL ASSISTANCE | SCHEDULE E, PART I, LINE 6 | LIBERTY UNIVERSITY PROVIDES FINANCIAL AID IN THE FORM OF GRANTS, LOANS, AND SCHOLARSHIPS TO STUDENTS TO HELP WITH EDUCATION-RELATED EXPENSES. FINANCIAL AID IS AWARDED ON THE BASIS OF FINANCIAL NEED BASED ON PRESCRIBED GOVERNMENTAL FORMULAS. |
Schedule F IRS990ScheduleF
Accts Actvs Out US Table AcctsActvsOutUSTable
| Field | Value | IRS element (for citing) |
|---|---|---|
| Region | EUROPE (INCLUDING ICELAND & GREENLAND) | Region |
| Number Of Offices | 0 | NumberOfOffices |
| Number Of Employees | 5 | NumberOfEmployees |
| Type Of Activities Conducted | PROGRAM SERVICES | TypeOfActivitiesConducted |
| Specific Services Provided | PROVIDING ON-LINE INSTRUCTION FOR DISTANCE LEARNING STUDENTS. | SpecificServicesProvided |
| Total Expenditures | 94500 | TotalExpenditures |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Subtotal Number Of Offices | 0 | SubtotalNumberOfOffices |
| Subtotal Number Of Employees | 5 | SubtotalNumberOfEmployees |
| Cont Number Of Offices | 0 | ContNumberOfOffices |
| Cont Number Of Employees | 0 | ContNumberOfEmployees |
| Total Number Of Offices | 0 | TotalNumberOfOffices |
| Total Number Of Employees | 5 | TotalNumberOfEmployees |
| Subtotal Amount Spent | 94500 | SubtotalAmountSpent |
| Cont Amount Spent | 0 | ContAmountSpent |
| Total Amount Spent | 94500 | TotalAmountSpent |
| Transfer To Foreign Corp | 0 | TransferToForeignCorp |
| Interest In Foreign Trust | 0 | InterestInForeignTrust |
| Own Foreign Corp | 0 | OwnForeignCorp |
| Passive Foreign Invest Co | 0 | PassiveForeignInvestCo |
| Foreign Partnership | 0 | ForeignPartnership |
| Boycott Countries | 0 | BoycottCountries |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Records Maintained | 1 | RecordsMaintained |
Recipient Table RecipientTable (9 entries)
| Address Line1AddressUS/AddressLine1 | CityAddressUS/City | StateAddressUS/State | ZIP CodeAddressUS/ZIPCode | EIN Of RecipientEINOfRecipient | IRC SectionIRCSection | Amount Of Cash GrantAmountOfCashGrant | Purpose Of GrantPurposeOfGrant |
|---|---|---|---|---|---|---|---|
| P & B FOUNDATION | |||||||
| 2004 VALENCIA TERRACE | CHARLOTTE | NC | 28226 | 237083912 | 501(C)(3) | 500000 | ADVANCE THE GOSPEL OF JESUS CHRIST |
| U S SUPREME COURT HISTORICAL SOCIETY | |||||||
| 224 EAST CAPITOL STREET | WASHINGTON | DC | 20003 | 237420574 | 501(C)(3) | 15000 | EDUCATION |
| LIBERTY UNIVERSITY FOUNDATION | |||||||
| 1971 UNIVERSITY BLVD | LYNCHBURG | VA | 24502 | 541939910 | 501(C)(3) | 1320730 | ADVANCE THE GOSPEL OF JESUS CHRIST |
| THOMAS ROAD BAPTIST CHURCH | |||||||
| 1 MOUNTAIN VIEW RD | LYNCHBURG | VA | 24502 | 260061907 | 501(C)(3) | 696539 | ADVANCE THE GOSPEL OF JESUS CHRIST |
| LIBERTY CHRISTIAN ACADEMY | |||||||
| 100 MOUNTAIN VIEW ROAD | LYNCHBURG | VA | 24502 | 540831546 | 501(C)(3) | 11545 | ADVANCE THE GOSPEL OF JESUS CHRIST THROUGH CHRISTIAN EDUCATION |
| OLD TIME GOSPEL HOUR | |||||||
| 1971 UNIVERSITY BLVD | LYNCHBURG | VA | 24502 | 237293001 | 501(C)(3) | 49633 | ADVANCE THE GOSPEL OF JESUS CHRIST |
| LIBERTY GODPARENT HOME | |||||||
| 1971 UNIVERSITY BLVD | LYNCHBURG | VA | 24502 | 521372460 | 501(C)(3) | 12740 | ADVANCE THE GOSPEL OF JESUS CHRIST |
| IGLERIA FUENTE DE VIDA | |||||||
| P O BOX 5004 | CHARLOTTESVILLE | VA | 22905 | 501(C)(3) | 10000 | ADVANCE THE GOSPEL OF JESUS CHRIST | |
| SIM (SERVING IN MISSIONS) | |||||||
| P O BOX 7900 | CHARLOTTE | NC | 28241 | 221936391 | 501(C)(3) | 21090 | ADVANCE THE GOSPEL OF JESUS CHRIST |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Nbr Of501 C3 And Govt Grants | 9 | TotalNbrOf501C3AndGovtGrants |
| Total Nbr Of Other Organizations | 0 | TotalNbrOfOtherOrganizations |
Form990 Schedule I Part III Form990ScheduleIPartIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Type Of Grant | SCHOLARSHIPS | TypeOfGrant |
| Number Of Recipients | 80000 | NumberOfRecipients |
| Amount Of Cash Grant | 111035017 | AmountOfCashGrant |
Form990 Schedule I Part IV Form990ScheduleIPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | OTHER INFORMATION: | Identifier |
| Return Reference | PART IV: | ReturnReference |
| Explanation | DONATIONS ARE MADE TO NONPROFIT ORGANIZATIONS WHOSE PURPOSES ARE CONSISTENT WITH THE RELIGIOUS AND EDUCATIONAL PURPOSES OF LIBERTY UNIVERSITY. LIBERTY UNIVERSITY MAINTAINS CONTACT WITH ORGANIZATIONS TO ENSURE THE USE OF THE FUNDS ARE APPROPRIATE. SCHOLARSHIPS FOR STUDENTS ARE MADE BASED ON FINANCIAL NEED AS PRESCRIBED BY FEDERAL REGULATIONS. | Explanation |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| First Class Or Charter Travel | X | FirstClassOrCharterTravel |
| Travel For Companions | X | TravelForCompanions |
| Idemnification Gross Up Payments | X | IdemnificationGrossUpPayments |
| Written Policy Re T And E Expenses | 1 | WrittenPolicyReTAndEExpenses |
| Substantiation Required | 1 | SubstantiationRequired |
| Compensation Committee | X | CompensationCommittee |
| Compensation Survey | X | CompensationSurvey |
| Board Or Committee Approval | X | BoardOrCommitteeApproval |
| Severance Payment | 0 | SeverancePayment |
| Supplemental Nonqual Retire Plan | 0 | SupplementalNonqualRetirePlan |
| Equity Based Comp Arrangement | 0 | EquityBasedCompArrangement |
| Comp Based On Revenue Of Filing Org | 0 | CompBasedOnRevenueOfFilingOrg |
| Comp Based On Revenue Related Orgs | 0 | CompBasedOnRevenueRelatedOrgs |
| Comp Based Net Earnings Filing Org | 0 | CompBasedNetEarningsFilingOrg |
| Comp Based Net Earnings Relate Orgs | 0 | CompBasedNetEarningsRelateOrgs |
| Any Non Fixed Payments | 0 | AnyNonFixedPayments |
| Initial Contract Exception | 0 | InitialContractException |
Form990 Schedule J Part II Form990ScheduleJPartII (8 entries)
| Base Compensation Filing OrgBaseCompensationFilingOrg | Comp Based On Related OrgsCompBasedOnRelatedOrgs | Bonus Filing OrgBonusFilingOrg | Bonus Related OrgsBonusRelatedOrgs | Other Compensation Filing OrgOtherCompensationFilingOrg | Other Compensation Related OrgsOtherCompensationRelatedOrgs | Deferred Comp Filing OrgDeferredCompFilingOrg | Deferred Comp Related OrgsDeferredCompRelatedOrgs | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrg | Nontaxable Benefits Related OrgsNontaxableBenefitsRelatedOrgs | Total Compensation Filing OrgTotalCompensationFilingOrg | Total Compensation Related OrgsTotalCompensationRelatedOrgs | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrg | Comp Report Prior990 Related OrgsCompReportPrior990RelatedOrgs |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| JERRY FALWELL JR | |||||||||||||
| 371521 | 0 | 0 | 0 | 0 | 0 | 38439 | 0 | 0 | 0 | 409960 | 0 | 0 | 391562 |
| MR RONALD GODWIN | |||||||||||||
| 144320 | 0 | 0 | 0 | 0 | 0 | 15316 | 0 | 0 | 0 | 159636 | 0 | 143180 | 0 |
| DR BOYD C RIST | |||||||||||||
| 153115 | 0 | 0 | 0 | 0 | 0 | 24346 | 0 | 0 | 0 | 177461 | 0 | 175801 | 0 |
| DANIEL ROCCO | |||||||||||||
| 440463 | 0 | 0 | 0 | 0 | 0 | 39145 | 0 | 0 | 0 | 479608 | 0 | 450978 | 0 |
| MR JEFF BARBER | |||||||||||||
| 258226 | 0 | 0 | 0 | 0 | 0 | 20351 | 0 | 0 | 0 | 278577 | 0 | 265987 | 0 |
| CAREY GREEN | |||||||||||||
| 191699 | 0 | 0 | 0 | 0 | 0 | 25699 | 0 | 0 | 0 | 217398 | 0 | 218574 | 0 |
| DALE LAYER | |||||||||||||
| 274890 | 0 | 0 | 0 | 0 | 0 | 33792 | 0 | 0 | 0 | 308682 | 0 | 230072 | 0 |
| DR ROBERT RITZ | |||||||||||||
| 157218 | 0 | 0 | 0 | 0 | 0 | 18886 | 0 | 0 | 0 | 176104 | 0 | 177701 | 0 |
Schedule K IRS990ScheduleK
Form990 Schedule K Part I Form990ScheduleKPartI
Issuer Name IssuerName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | VIRGINIA COLLEGE BUILDING AUTHORITY | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Issuer EIN | 541249154 | IssuerEIN |
| CUSIP Number | 927781XF6 | CUSIPNumber |
| Date Issued | 2010-12-21 | DateIssued |
| Issue Price | 121891446 | IssuePrice |
| Description Of Purpose | REFINANCE DEBT AND EDUCATIONAL RELATED NEW CONSTRUCTION. | DescriptionOfPurpose |
| Defeased | 0 | Defeased |
| On Behalf Of Issuer | 0 | OnBehalfOfIssuer |
| Pool Financing | 0 | PoolFinancing |
Form990 Schedule K Part II Form990ScheduleKPartII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Amount Retired | 23880025 | AmountRetired |
| Total Proceeds | 121891446 | TotalProceeds |
| Issuance Costs From Proceeds | 1017237 | IssuanceCostsFromProceeds |
| Capital Expenditures | 26908307 | CapitalExpenditures |
| Other Spent Proceeds | 20596481 | OtherSpentProceeds |
| Amount Unspent | 49432395 | AmountUnspent |
| Year Of Subst Completion | 2013 | YearOfSubstCompletion |
| Current Refunding | 1 | CurrentRefunding |
| Advance Refunding | 0 | AdvanceRefunding |
| Final Allocation Made | 0 | FinalAllocationMade |
| Adequate Books And Recds Maintaind | 1 | AdequateBooksAndRecdsMaintaind |
Form990 Schedule K Part III Form990ScheduleKPartIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Owning Bond Financed Property | 0 | OwningBondFinancedProperty |
| Any Lease Arrangements | 0 | AnyLeaseArrangements |
| Mngment Cntrct Bond Financd Prprty | 1 | MngmentCntrctBondFinancdPrprty |
| Any Research Agreements | 0 | AnyResearchAgreements |
| Bond Counsel Routinely Engaged | 1 | BondCounselRoutinelyEngaged |
| Prcntge Prvt Business Use By Others | 0.02700 | PrcntgePrvtBusinessUseByOthers |
| Total Private Business Use | 0.02700 | TotalPrivateBusinessUse |
| Post Issuance Compliance Procdrs | 1 | PostIssuanceComplianceProcdrs |
Form990 Schedule K Part IV Form990ScheduleKPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form8038 T Filed | 1 | Form8038TFiled |
| Variable Rate Issue | 0 | VariableRateIssue |
| Hedge Identified In Books And Recds | 0 | HedgeIdentifiedInBooksAndRecds |
| Gross Proceeds Invested In GIC | 0 | GrossProceedsInvestedInGIC |
| Gross Proceeds Invested | 0 | GrossProceedsInvested |
| Exception To Rebate | 0 | ExceptionToRebate |
Schedule L IRS990ScheduleL
Loan Table LoanTable
Name Business NameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | FALWELL FAMILY GST IRREVOCABLE TRUST | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Purpose Of Loan | FUND LIFE INSURANCE PREMIUM | PurposeOfLoan |
| Loan From Organization | X | LoanFromOrganization |
| Original Principal | $14,100 | OriginalPrincipalAmount |
| Balance Due | 14100 | BalanceDue |
| Default | 0 | Default |
| Approved By Board | 1 | ApprovedByBoard |
| Written Agreement | 1 | WrittenAgreement |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Balance Due | 14100 | TotalBalanceDue |
Form990 Schedule L Part III Form990ScheduleLPartIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Amount Of Grant | 72812 | AmountOfGrant |
| Type Of Assistance | SCHOLARSHIP | TypeOfAssistance |
Form990 Schedule L Part IV Form990ScheduleLPartIV (9 entries)
| RelationshipRelationship | Amount Of TransactionAmountOfTransaction | Description Of TransactionDescriptionOfTransaction | Sharing Of RevenuesSharingOfRevenues |
|---|---|---|---|
| TRANSAMERICA DUPLICATORS | |||
| ORGANIZATION OWNED 35% BY A BOARD MEMBER | 99507 | LIBERTY UNIVERSITY INCURRED EXPENSES FOR DLP (DISTANCE LEARNING PROGRAM) TAPE DUPLICATION SERVICES PROVIDED BY TRANSAMERICA DUPLICATORS, INC. | 0 |
| FALWELL REBECCA | |||
| FAMILY MEMBER OF BOARD MEMBER | 10729 | COMPENSATION | 0 |
| ASKEW ALLAN | |||
| FAMILY MEMBER OF BOARD MEMBER | 100710 | COMPENSATION | 0 |
| (no name) | |||
| 6900 | 0 | ||
| DEMOSS GROUP INC | |||
| ORGANIZATION OWNED BY A BOARD MEMBER | 26172 | MARKETING CONSULTANTS | 0 |
| JJFW ASSOCIATES LLC | |||
| ORGANIZATION 50% OWNED BY FAMILY MEMBER OF A BOARD MEMBER | 49990 | COMMERCIAL REAL ESTATE MANAGEMENT | 0 |
| PAUL S DEMOSS | |||
| FAMILY MEMBER OF BOARD MEMBER | 26000 | FEES FOR CONSULTING SERVICES. | 0 |
| WAYNE BOOTH | |||
| BOARD MEMBER | 2142772 | LAND PURCHASE | 0 |
| MARCEL FALWELL | |||
| FAMILY MEMBER OF CHANCELLOR | 26732 | COMPENSATION | 0 |
Schedule M IRS990ScheduleM
Boats And Planes BoatsAndPlanes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Number Of Contributions | 2 | NumberOfContributions |
| Noncash Contribs Rptd F990 | 743352 | NoncashContribsRptdF990 |
| Method Of Determining Revenues | APPRAISAL | MethodOfDeterminingRevenues |
Securities Miscellaneous SecuritiesMiscellaneous
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Number Of Contributions | 4 | NumberOfContributions |
| Noncash Contribs Rptd F990 | 164917 | NoncashContribsRptdF990 |
| Method Of Determining Revenues | STOCK MARKET AVERAGES | MethodOfDeterminingRevenues |
Real Estate Commercial RealEstateCommercial
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Number Of Contributions | 1 | NumberOfContributions |
| Noncash Contribs Rptd F990 | 900000 | NoncashContribsRptdF990 |
| Method Of Determining Revenues | APPRAISAL | MethodOfDeterminingRevenues |
Other Non Cash Contributions Table OtherNonCashContributionsTable (2 entries)
| Non Cash CheckboxNonCashCheckbox | DescriptionDescription | Number Of ContributionsNumberOfContributions | Noncash Contribs Rptd F990NoncashContribsRptdF990 | Method Of Determining RevenuesMethodOfDeterminingRevenues |
|---|---|---|---|---|
| X | ANNUITY CONTRACTS | 47 | 962480 | STOCK MARKET AVERAGES/FMV |
| X | EQUIPMENT | 1 | 24750 | APPRAISAL |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Any Property That Must Be Held | 0 | AnyPropertyThatMustBeHeld |
| Review Process Unusual NC Gifts | 1 | ReviewProcessUnusualNCGifts |
| Third Parties Used | 0 | ThirdPartiesUsed |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (8 entries)
| IdentifierIdentifier | ExplanationExplanation | Return ReferenceReturnReference |
|---|---|---|
| FORM 990, PART VI, SECTION A, LINE 2 | MR. JERRY FALWELL, JR. AND MR JOHNATHAN FALWELL CURRENTLY SIT ON THE BOARD OF TRUSTEES AND ARE BROTHERS. | |
| FORM 990, PART VI, SECTION B, LINE 11 | THE FORM 990 FOR FY JUNE 30, 2011 WAS MADE AVAILABLE TO THE CHANCELLOR, IN-HOUSE LEGAL COUNSEL, CHIEF FINANCIAL OFFICER, VICE PRESIDENT OF FINANCE, ASSISTANT CONTROLLER AND THE EXECUTIVE COMMITTEE OF THE BOARD FOR REVIEW. | |
| A "CONFLICT OF INTEREST" OCCURS WHEN A BOARD MEMBER, OFFICER OR EMPLOYEE'S PRIVATE INTEREST INTERFERES OR APPEARS TO INTERFERE IN ANY WAY WITH THE INTEREST OF THE UNIVERSITY. A BOARD MEMBER, OFFICER OR EMPLOYEE MUST NOT REPRESENT THE UNIVERSITY IN ANY TRANSACTION WHERE HE OR SHE HAS A MATERIAL CONNECTION OR A FINANCIAL INTEREST. A MATERIAL CONNECTION INCLUDES THE INVOLVEMENT OF A FAMILY MEMBER. BOARD MEMBERS, OFFICERS AND EMPLOYEES ARE EXPECTED TO AVOID ALL SITUATIONS THAT MIGHT LEAD TO A REAL OR APPARENT CONFLICT BETWEEN THEIR SELF-INTERESTS AND THEIR DUTIES AND RESPONSIBILITIES AS BOARD MEMBERS, OFFICERS OR EMPLOYEES OF THE UNIVERSITY.THE BOARD OF TRUSTEES IS REQUIRED TO REVIEW AND SIGN THE CONFLICT OF INTEREST POLICY ANNUALLY. ALL BOARD MEMBERS AGREE TO REPORT ANY CHANGES WHICH MAY ARISE THROUGHOUT THE YEAR. SHOULD ANY CONFLICT OF INTEREST CONCERNS ARISE, THE EXECUTIVE COMMITTEE IS CONSULTED AND THEN, IF NECESSARY, THE ENTIRE BOARD IS ADDRESSED FOR RESOLUTION. | FORM 990, PART VI, SECTION B, LINE 12C | |
| COMPENSATION OF THE CHANCELLOR AND KEY EMPLOYEES ARE REVIEWED BY THE EXECUTIVE COMMITTEE. COMPARABLE SALARY DATA IS REVIEWED AT THAT TIME TO DETERMINE THE REASONABLENESS OF THE COMPENSATION. COMPENSATION IS FURTHER REVIEWED IN THE BUDGETING PROCESS. | FORM 990, PART VI, SECTION B, LINE 15 | |
| GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC THROUGH REQUEST ONLY. | FORM 990, PART VI, SECTION C, LINE 19 | |
| CHANGES IN NET ASSETS OR FUND BALANCES: | CHANGE IN SPLIT INTEREST AGREEMENT AND UNREALIZED GAINS -1,171,755. TOTAL TO FORM 990, PART XI, LINE 5: -1,171,755. | FORM 990, PART XI, LINE 5: |
| EXECUTIVE COMMITTEE GETS A COPY OF THE 990 AND APPROVES PRIOR TO FILING. | PART XII, LINE 2C | |
| REASON FOR AMENDING RETURN | RETURN AMENDED TO CORRECT RESPONSE TO SCHEDULE L, PART II TO INDICATE BOARD APPROVAL OF LOAN TO INTERESTED PERSONS. | PAGE 1 PART B |
Schedule R IRS990ScheduleR
Form990 Schedule R Part I Form990ScheduleRPartI (6 entries)
| Address Line1AddressUS/AddressLine1 | CityAddressUS/City | StateAddressUS/State | ZIP CodeAddressUS/ZIPCode | EINEIN | Primary ActivitiesPrimaryActivities | Legal Domicile StateLegalDomicileState | Total IncomeTotalIncome | EOY AssetsEOYAssets | Business Name Line1DirectControllingEntityName/BusinessNameLine1 |
|---|---|---|---|---|---|---|---|---|---|
| C&C JETTING | |||||||||
| 1971 UNIVERSITY BLVD | LYNCHBURG | VA | 24502 | 540946734 | AIRFARE FOR UNIVERSITY AFFAIRS | VA | 317470 | 4806842 | LIBERTY UNIVERSITY INC |
| LU PLAZA HOLDINGSLLC | |||||||||
| 1971 UNIVERSITY BLVD | LYNCHBURG | VA | 24502 | 270217985 | REAL ESTATE HOLDINGS | VA | 2624002 | 17703738 | LIBERTY UNIVERSITY INC |
| LU CANDLERS STATION HOLDINGSLLC | |||||||||
| 1971 UNIVERSITY BLVD | LYNCHBURG | VA | 24502 | 271753489 | REAL ESTATE HOLDINGS | VA | 2357394 | 18234271 | LIBERTY UNIVERSITY INC |
| LIBERTY RIDGE LLC | |||||||||
| 1971 UNIVERSITY BLVD | LYNCHBURG | VA | 24502 | 270714028 | REAL ESTATE HOLDINGS | VA | 279044 | 1835931 | LIBERTY UNIVERSITY INC |
| LU RACQUET SPORTS LLC | |||||||||
| 1971 UNIVERSITY BLVD | LYNCHBURG | VA | 24502 | 274785690 | RECREATION FACILITY | VA | 58893 | 79110 | LIBERTY UNIVERSITY INC |
| LIBERTY MOUNTAIN CONFERENCE CENTER LLC | |||||||||
| 1971 UNIVERSITY BLVD | LYNCHBURG | VA | 24502 | 275427434 | CENTER FOR EDUCATIONAL CONFERENCES | VA | 0 | 600956 | LIBERTY UNIVERSITY INC |
Form990 Schedule R Part II Form990ScheduleRPartII (5 entries)
| Address Line1AddressUS/AddressLine1 | CityAddressUS/City | StateAddressUS/State | ZIP CodeAddressUS/ZIPCode | EINEIN | Primary ActivitiesPrimaryActivities | Legal Domicile StateLegalDomicileState | Exempt Code SectionExemptCodeSection | Public Charity StatusPublicCharityStatus | Business Name Line1DirectControllingEntityName/BusinessNameLine1 | Controlled OrgControlledOrg |
|---|---|---|---|---|---|---|---|---|---|---|
| TRBC INC | ||||||||||
| 1971 UNIVERSITY BLVD | LYNCHBURG | VA | 24502 | 260061907 | RELIGIOUS | VA | 501(C)(3) | LINE 1 | BOARD OF DEACONS | 0 |
| LIBERTY UNIVERSITY FOUNDATION | ||||||||||
| 1971 UNIVERSITY BLVD | LYNCHBURG | VA | 24502 | 541939910 | RELIGIOUS | DC | 501(C)(3) | LINE 9 | LIBERTY UNIVERSITY | 1 |
| LIBERTY GODPARENT HOME | ||||||||||
| 1971 UNIVERSITY BLVD | LYNCHBURG | VA | 24502 | 521372460 | PROVIDES SERVICES TO UNWED PREGNANT MOTHERS | VA | 501(C)(3) | LINE 9 | LIBERTY UNIVERSITY | 1 |
| LIBERTY CHRISTIAN ACADEMY | ||||||||||
| 1971 UNIVERSITY BLVD | LYNCHBURG | VA | 24502 | 540831546 | CHRISTIAN SCHOOL | VA | 501(C)(3) | LINE 2 | BOARD OF TRUSTEES | 0 |
| LIBERTY ALLIANCE ACTION | ||||||||||
| 1971 UNIVERSITY BLVD | LYNCHBURG | VA | 24502 | 541364971 | EDUCATIONALLY INFORMING PUBLIC ABOUT MORALS, VALUES, AND AMERICAN CULTURE | DC | 501(C)(4) | LINE 9 | BOARD OF TRUSTEES | 1 |
Form990 Schedule R Part IV Form990ScheduleRPartIV (3 entries)
| Address Line1AddressUS/AddressLine1 | CityAddressUS/City | StateAddressUS/State | ZIP CodeAddressUS/ZIPCode | EINEIN | Primary ActivityPrimaryActivity | Legal Domicile StateLegalDomicileState | Business Name Line1DirectControllingEntityName/BusinessNameLine1 | Type Of EntityTypeOfEntity | Share Of Total IncomeShareOfTotalIncome | Share Of EOY AssetsShareOfEOYAssets | Percentage OwnershipPercentageOwnership |
|---|---|---|---|---|---|---|---|---|---|---|---|
| FALWELL AVIATION | |||||||||||
| 310 HANGAR ROAD | LYNCHBURG | VA | 24502 | 540755641 | PROVIDES FLIGHT INSTRUCTION TO STUDENTS AND CHARTER SERVICES TO PUBLIC | VA | LIBERTY UNIVERSITY INC | C | 6622660 | 3019674 | 1.00000 |
| LIBERTY MOUNTAIN CAPITAL | |||||||||||
| 1971 UNIVERSITY BLVD | LYNCHBURG | VA | 24502 | 272376207 | INVESTMENT HOLDINGS COMPANY | VA | LIBERTY UNIVERSITY INC | C | 21973 | 258632 | 1.00000 |
| G&J THOMAS INC | |||||||||||
| PO BOX 228 | FOREST | VA | 24551 | 450596703 | OWNS AND MANAGES HOTEL USED FOR STUDENTS | VA | S | -41933 | 2813750 | 0.48000 | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Ann Rents Royalties | 0 | ReceiptOfIntAnnRentsRoyalties |
| Gift Grant Or Cap Contr To Other Org | 1 | GiftGrantOrCapContrToOtherOrg |
| Gift Grant Or Cap Contr Fr Other Org | 0 | GiftGrantOrCapContrFrOtherOrg |
| Loans Or Guarantees To Other Org | 1 | LoansOrGuaranteesToOtherOrg |
| Loans Or Guarantees From Other Org | 0 | LoansOrGuaranteesFromOtherOrg |
| Sale Of Assets To Other Org | 0 | SaleOfAssetsToOtherOrg |
| Purchase Of Assets From Other Org | 1 | PurchaseOfAssetsFromOtherOrg |
| Exchange Of Assets | 0 | ExchangeOfAssets |
| Rental Of Facilities To Other Orgs | 1 | RentalOfFacilitiesToOtherOrgs |
| Rental Of Facilities Fr Other Orgs | 1 | RentalOfFacilitiesFrOtherOrgs |
| Perform Of Services For Other Orgs | 0 | PerformOfServicesForOtherOrgs |
| Perform Of Services By Other Orgs | 0 | PerformOfServicesByOtherOrgs |
| Sharing Of Facilities | 1 | SharingOfFacilities |
| Sharing Of Paid Employees | 1 | SharingOfPaidEmployees |
| Reimbursement Paid To Other Org | 1 | ReimbursementPaidToOtherOrg |
| Reimbursement Paid By Other Org | 1 | ReimbursementPaidByOtherOrg |
| Other Transfer To Other Org | 0 | OtherTransferToOtherOrg |
| Other Transfer From Other Org | 0 | OtherTransferFromOtherOrg |
Transactions Related Orgs Table TransactionsRelatedOrgsTable
Name Of Other Organization NameOfOtherOrganization
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | LIBERTY ALLIANCE ACTION | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Transaction Type | M | TransactionType |
| Amount Involved | 99265 | AmountInvolved |
| Method Of Amt Determination | CASH BASIS | MethodOfAmtDetermination |
Comments