2012-12-21T07:07:48-06:00 2012-06-30 420714325 MCGLADREY LLP 7200 GLEN FOREST DR STE 200 RICHMOND VA 23226 990 2011-07-01 540646523 SOUTHERN VIRGINIA UNIVERSITY SOUT 5402612746 ONE UNIVERSITY HILL DRIVE BUENA VISTA VA 24416 ROBERT HUCH 5402612746 2012-12-11 1 TRACI R KUBE P00735726 8042822121 2011 2016-02-24 21:20:13Z ROBERT HUCH ONE UNIVERSITY HILL DRIVE BUENA VISTA VA 24416 19823520 0 X WWW.SVU.EDU X 1867 VA TO PROVIDE A COMPREHENSIVE FOUR-YEAR LIBERAL ARTS EDUCATION. 19 18 489 30 32389 -15790 3295550 2234319 14550521 15896469 150009 -137608 492723 716774 18488803 18709954 5425204 5773067 0 0 7138339 7435529 0 0 641418 5325293 5712807 17888836 18921403 599967 -211449 24657234 24002185 7705776 7132710 16951458 16869475 X SOUTHERN VIRGINIA UNIVERSITY'S MISSION IS TO PREPARE LEADER-SERVANTS IN THE WORKPLACE AND THE WORLD, IN THE COMMUNITY AND THE CHURCH, AND IN THE HOME. WE SERVE FAITHFUL MEMBERS OF THE CHURCH OF JESUS CHRIST OF LATTER-DAY SAINTS AND WELCOME ALL WHO LIVE OUR VALUES. WE ACCOMPLISH OUR MISSION BY PROVIDING THE FINEST UNDERGRADUATE EDUCATION AVAILABLE IN LETTERS, ARTS AND SCIENCES WITHIN A WHOLESOME LATTER-DAY SAINT ENVIRONMENT. STUDENTS, FACULTY AND STAFF AT SOUTHERN VIRGINIA UNIVERSITY ARE COMMITTED TO BEING ACADEMICALLY OR PROFESSIONALLY ACCOMPLISHED, SPRITUALLY ROOTED, SERVICE ORIENTED AND SELF-RELIANT. WE EMBODY SOUTHERN VIRGINIA'S CORE VALUES, WHICH ARE SCHOLARSHIP, DISCIPLESHIP, ACCOUNTABILITY, ENTHUSIASM AND REFINEMENT. 0 0 17108883 5775067 16437253 SOUTHERN VIRGINIA UNIVERSITY IS A PRIVATE, NON-PROFIT, RESIDENTIAL FOUR YEAR COLLEGE WHICH SERVED APPROXIMATELY 750 AVERAGE FULL AND PART-TIME STUDENTS PER SEMESTER IN THE ACADEMIC YEAR 2011-12. DURING 2011-12 ACADEMIC YEAR MORE THAN 100 STUDENTS GRADUATED WITH BACHELORS DEGREES. 17108883 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 1 0 1 0 0 0 1 0 0 0 1 1 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 1 47 0 489 1 1 1 0 0 0 0 1 1 0 0 0 0 X 19 18 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 1 1 0 0 X JESSE SEEGMILLER 5402612746 ONE UNIVERSITY HILL DR BUENA VISTA VA 24416 GLADE M KNIGHT 5.00 X 0 0 0 PAUL K SYBROWSKY 1.00 X 0 0 0 CATHY CHAMBERLAIN 1.00 X 0 0 0 KENT W COLTON 1.00 X 0 0 0 STERLING D COLTON 1.00 X 0 0 0 AHMAD S CORBITT 1.00 X 0 0 0 KINDEE NIELSEN DIXON 1.00 X 0 0 0 MICHAEL D ELTON 1.00 X 0 0 0 LYNETTE GAY 1.00 X 0 0 0 JUSTIN KNIGHT 1.00 X 0 0 0 J CHRISTOPHER LANSING 1.00 X 0 0 0 DANE C MCBRIDE 1.00 X 0 0 0 SCOTT MCKEON 1.00 X 0 0 0 H SCOTT MCKINLEY 1.00 X 0 0 0 L HUGH REDD II 1.00 X 0 0 0 J MITCHEL SCOTT 1.00 X 0 0 0 JAMES E SKEEN 1.00 X 0 0 0 STANFORD C STODDARD 1.00 X 0 0 0 LAURIE SWIM 1.00 X 0 0 0 DAVID O ULRICH 1.00 X 0 0 0 DEBBIE BUCHANNON 40.00 X 22579 0 16971 ROBERT E HUCH 40.00 X 93851 0 18300 RICHARD WHITEHEAD 40.00 X 120316 0 2940 MADISON SOWELL 40.00 X 116371 0 21639 SCOTT DOXEY 40.00 X 105752 0 38447 RODNEY K SMITH 40.00 X 108263 0 19182 567132 0 117479 4 1 0 0 0 23620 2210699 193215 2234319 TUITION & FEES 611600 13706000 13706000 ROOM/BD & AUX ENTERP. 611600 1784619 1784619 TRAVEL STUDY 611600 231122 231122 SPECIAL PROGRAMS 611600 174728 174728 15896469 17746 17746 116421 0 116421 116421 116421 130803 159563 191132 254588 -60329 -95025 -155354 -155354 33274 23620 55249 -21975 -21975 1167882 612597 555285 526139 29146 VENDING/LAUNDRY INCOME 611600 42980 42980 MISCELLENEOUS 611600 14645 14645 SHUTTLE FEES 611600 5900 5900 3518 3243 275 67043 18709954 16437253 32389 5993 5773067 5773067 364677 119269 155736 89672 5624876 5008149 359841 256886 2500 2061 206 233 1027718 847682 84879 95157 415758 342673 34279 38806 6666 6017 649 68800 62097 6703 751620 679671 73372 -1423 291514 250139 27003 14372 751367 613713 64640 73014 205787 177483 19160 9144 613466 554813 55512 3141 469139 376813 40677 51649 62097 54469 5880 1748 257156 232101 25055 1178248 1063447 114801 136367 123081 13286 OTHER 359841 323167 35558 1116 EQUIPMENT MAINTENANCE 203214 178633 19284 5297 STUDENT ACTIVITIES 176878 159644 17234 MEMBERSHIPS 109215 96222 10387 2606 71432 64472 6960 18921403 17108883 1171102 641418 3259 3439 1692430 1232711 2028607 2198051 426141 391163 171918 234401 15009 5958 29563188 10845246 19240551 18717942 496629 552067 1757 0 165500 175500 415433 490953 24657234 24002185 1075489 1158694 313959 326830 5580532 4660426 305790 735796 680970 7705776 7132710 X 15310763 14230372 1316476 2314884 324219 324219 16951458 16869475 24657234 24002185 X -211449 129466 X 0 1 1 X 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 574049 35698 609747 450028 8000 116021 574049 386680 8000 55348 450028 346447 10546 29687 386680 0.10000 0.53000 0.37000 0 0 1369935 1369935 19930963 6084292 13846671 4957547 3714796 1242751 3304743 1046158 2258585 18717942 OBLIGATION UNDER CAPITAL LEASE 264405 DEPOSIT 136930 ANNUITY PAYABLE 279635 680970 18709954 18921403 -211449 65339 66331 -2204 129466 -81983 13734199 65339 -5706736 -5641397 19375596 -665642 -665642 18709954 13816182 667846 667846 13148336 5773067 5773067 18921403 DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: SOUTHERN VIRGINIA UNIVERSITY'S ENDOWMENT CONSISTS OF ONE DOZEN INDIVIDUAL FUNDS ESTABLISHED FOR A VARIETY OF PURPOSES, PRIMARILY STUDENT SCHOLARSHIPS. PART XI, LINE 8 - OTHER ADJUSTMENTS: RUSSELL CLARK REALTY CO. K-1 NOT INCLUDED IN FINANCIAL STATEMENTS -2,202. ROUNDING -2. TOTAL TO SCHEDULE D, PART XI, LINE 8: -2,204. PART XI, LINE 8: NON-CASH INCOME FROM RUSSELL CLARK REALTY CO. K-1. PART XII, LINE 2D AND PART XIII, LINE 4B: SCHOLARSHIPS PAID OUT TO STUDENTS, NETTED WITH REVENUES ON THE REPORT. PART XII, LINE 4B AND PART XIII, LINE 2D: COST OF GOODS SOLD INCLUDED IN EXPENSES ON THE REPORT. PART X: FOOTNOTE TO THE ORGANIZATION'S FINANCIAL STATEMENTS THAT REPORTS THE ORGANIZATION'S LIABILITY FOR UNCERTAIN TAX POSITION UNDER FIN 48: MANAGEMENT HAS EVALUATED THE UNIVERSITY'S TAX POSITIONS AND HAS CONCLUDED THAT THE UNIVERSITY HAS TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT TO THE FINANCIAL STATEMENTS TO COMPLY WITH THE PROVISIONS OF THIS GUIDANCE. THE UNIVERSITY FILES TAX RETURNS WITH U.S. FEDERAL AND VIRGINIA TAX AUTHORITIES IN WHICH THE STATUTE OF LIMITATIONS MAY GO BACK TO THE TAX YEAR ENDED JUNE 30, 2009. 1 1 0 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 EXPLANATION OF NONDISCRIMINATORY POLICY PUBLICATION SCHEDULE E, PART I, LINE 3 SOUTHERN VIRGINIA UNIVERSITY DRAWS A SUBSTANTIAL PERCENTAGE OF ITS STUDENTS FROM AREAS NOT WITHIN ITS IMMEDIATE VICINITY. IT FOLLOWS A RACIALLY NONDISCRIMINATORY POLICY AS TO STUDENTS. THEREFORE, IT IS NOT REQUIRED TO PUBLISH ITS RACIALLY NONDISCRIMINATORY POLICY THROUGH THE NEWSPAPER OR THE BROADCAST MEDIA. AS REQUIRED BY REVENUE PROCEDURE 75-50, SOUTHERN VIRGINIA UNIVERSITY INCLUDES A STATEMENT OF ITS RACIALLY NONDISCIMINATORY POLICY IN ALL OF ITS BROCHURES AND CATALOGUES DEALING WITH STUDENT ADMISSIONS, SOLICITATION, PROGRAMS AND SCHOLARSHIPS. EXPLANATION OF GOVERNMENT FINANCIAL ASSISTANCE SCHEDULE E, PART I, LINE 6 THE UNIVERSITY RECEIVED FUNDS FROM THE FOLLOWING US DEPARTMENT OF EDUCATION DIRECT PROGRAMS: FEDERAL FAMILY EDUCATION LOAN PROGRAMS, FEDERAL PELL GRANT PROGRAM, FEDERAL WORK STUDY, AND THE FEDERAL SUPPLEMENTAL EDUCATION OPPORTUNITY GRANT PROGRAM. THE UNIVERSITY RECEIVED FUNDS UNDER THE FOLLOWING COMMONWEALTH OF VIRGINIA PROGRAMS: VIRGINIA TUITION ASSISTANCE GRANT AND THE COLLEGE SCHOLARSHIP ASSISTANCE PROGRAM. EUROPE 0 0 PROGRAM SERVICES SERVICES BEING PROVIDED ARE LODGING, FOOD, AND TRANSPORTATION FOR PARTICIPANTS IN THE TRAVEL STUDY PROGRAM 82225 CHINA 0 0 PROGRAM SERVICES SERVICES BEING PROVIDED ARE LODGING, FOOD, AND TRANSPORTATION FOR PARTICIPANTS IN THE TRAVEL STUDY PROGRAM 14806 0 0 0 0 0 0 97031 0 97031 0 0 0 0 0 0 ART SHOW 56894 23620 33274 21806 33443 56894 23620 33274 21806 33443 55249 -21975 1 RETURNED MISSIONARY SCHOLARSHIPS 172 399500 UNIVERSITY GRANTS 307 342401 ACADEMIC SCHOLARSHIPS 702 4360595 TALENT SCHOLARSHIPS 309 373511 VARIOUS OTHER 86 297060 PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, PART I, LINE 2: THE MAJORITY OF INSTITUTIONAL AID AWARDED TO STUDENTS IS BASED ON ACADEMIC MERIT, FOR WHICH THE UNIVERSITY HAS A PREDETERMINED GRID THAT PROVIDES THE AMOUNTS TO BE AWARDED BASED ON THE STUDENTS ACTUAL GPA AND TEST SCORES AND AS NEEDED, EVALUATION BY THE UNIVERSITY'S SCHOLARSHIP COMMITTEE. OTHER INSTITUTIONAL AID CONSISTS OF RETURN MISSIONARY, TALENT AND OTHER NEED-BASED GRANTS. RETURNED MISSIONARY SCHOLARSHIPS ARE AWARDED IN THE AMOUNT OF $3,000 PER YEAR TO ALL FULL-TIME STUDENTS WHO HAVE COMPLETED A MISSION FOR THE CHURCH OF JESUS CHRIST OF LATTER-DAY SAINTS. TALENT SCHOLARSHIPS ARE AWARDED IN VARIOUS AMOUNTS, NOT TO EXCEED $3,000 PER STUDENT, AND ARE AWARDED BASED ON THE NOMINATION OF THE UNIVERSITY COACHS, THEATRE/MUSIC DIRECTOR, ETC. AND APPROVAL OF THE FINANCIAL AID COMMITTEE. UNIVERSITY GRANTS AND VARIOUS OTHER GRANTS ARE AWARDED AS DETERMINED BY THE FINANCIAL AID DIRECTOR. FEDERAL & STATE GRANTS, INCLUDING PELL, SEOG, SMART, AND VTAG ARE AWARDED TO STUDENTS WHO COMPLETE A FREE APPLICATION FOR FEDERAL STUDENT AID (FAFSA) AND MEET THE VARIOUS QUALIFICATIONS. FEDERAL AND STATE GRANTS ARE VERIFIED INTERNALLY BY OUR FINANCIAL AID STAFF. THE DEPARTMENT OF EDUCATION (DOE) SELECTS A MUNIMUM 1/3 OF ALL STUDENTS WHO COMPLETE A FAFSA TO VERIFY. THE UNIVERSITY PROVIDES THE APPROPRIATE VERIFICATION DOCUMENTATION TO THE DOE AND MAINTAINS A COPY OF THESE DOCUMENTS ON FILE. X X X 0 0 0 0 0 0 0 0 0 RODNEY K SMITH 108263 0 0 0 0 0 0 0 19182 0 127445 0 0 0 X 3 5150 APPRAISAL X 5 91739 FAIR MARKET VALUE X FURNITURE & EQUIPMENT 5 39982 DONOR DECLARED VALUE X SUPPLIES 10 22254 FMV X HORSES 1 25000 APPRAISAL X EQUIPMENT 7 2387 DONOR DECLARED VALUE X MISCELLANEOUS 4 6703 DONOR DECLARED VALUE 0 1 0 FORM 990, PART VI, SECTION A, LINE 2 JAMES E. SKEEN, TRUSTEE, AND DANE C. MCBRIDE, TRUSTEE ARE BROTHERS-IN-LAW. GLADE M. KNIGHT, CHAIRMAN, AND JUSTIN KNIGHT, TRUSTEE, ARE FATHER AND SON. FORM 990, PART VI, SECTION B, LINE 11 FORM 990 IS REVIEWED BY THE FINANCE COMMITTEE AND ACCOUNTING DEPARTMENT BEFORE IT IS FILED WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C OFFICERS, DIRECTORS AND TRUSTEES ARE REQUIRED, BY POLICY, TO DISCLOSE ANY CONFLICTS OF INTEREST THAT MAY, TO THE BEST OF THEIR KNOWLEDGE, EXIST OR POTENTIALLY EXIST BY VIRTUE OF ANY BUSINESS OF OTHER ARRANGEMENT THEY MAY HAVE WITH THE UNIVERSITY OR OTHER CIRCUMSTANCES, IN WHICH THE UNIVERSITY MAY BENEFIT THEM ECONOMICALLY (OTHER THAN THROUGH THEIR EMPLOYMENT BY THE UNIVERSITY), AND ALL SITUATIONS IN WHICH THEY MAY COMPETE WITH THE UNIVERSITY IN ANY WAY. THE UNIVERSITY DOES MONITOR AND ENFORCE THIS POLICY BY EXPECTING OFFICERS, DIRECTORS, AND TRUSTEES TO REPORT ACCORDINGLY AND PREPARES AN ANNUAL WRITTEN REPORT FORM FOR SUCH REPORTING. THE FORM REQUESTS ALL OFFICERS, DIRECTORS AND TRUSTEES TO PROVIDE INFORMATION ABOUT POTENTIAL CONFLICTS OF INTEREST FOR 2010 AND ONES THEY MAY BE AWARE OF AND THAT MAY BE POSSIBLE FOR 2011. THE UNIVERSITY ALSO REQUESTS THAT EACH OFFICER, DIRECTOR AND TRUSTEE SELF REPORT ANY ADDITIONAL POTENTIAL CONFLICTS OF INTEREST THAT MAY OCCUR DURING THE YEAR. FORM 990, PART VI, SECTION B, LINE 15A THE CEO/PRESIDENT'S COMPENSATION IS DETERMINED BY THE BOARD. THE BOARD CHAIRMAN IS PROVIDED WITH SOME COMPARABILITY DATA FROM VARIOUS PROFESSIONAL SALARY SURVEYS TO ASSIST IN THAT DETERMINATION. THE COMPENSATION FOR OTHER TOP MANAGEMENT OFFICIALS (VICE PRESIDENT AND OTHER MEMBERS OF THE PRESIDENT'S COUNCIL) IS DETERMINED BY THE CEO/PRESIDENT. HE/SHE IS ALSO PROVIDED WITH COMPARABLE SALARY SURVEY DATA FOR THIS PURPOSE. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE NOT AVAILABLE TO THE PUBLIC. FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC THROUGH VARIOUS THIRD PARTY (INCLUDING GOVERNMENT) WEB SITES. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED GAINS ON INVESTMENTS: 65,339. DONATED SERVICES AND USE OF FACILITIES: 66,331. RUSSELL CLARK REALTY CO. K-1 NOT INCLUDED IN FINANCIAL STATEMENTS -2,202. ROUNDING -2. TOTAL TO FORM 990, PART XI, LINE 5: 129,466. WRITTEN DOCUMENT WHISTLE BLOWER POLICY: FORM 990, PART VI, SECTION B, LINE 13 A WRITTEN DOCUMENT WHISTLE BLOWER POLICY HAS BEEN DEVELOPED AND IS BEING REVIEWED FOR ADOPTION.