2012-04-17T10:40:45-05:00 2011-05-31 Capin Crouse LLP 972 Emerson Parkway Suite A Greenwood IN 46143 990 2010-06-01 570314406 North Greenville University NORT 8649777000 PO Box 1892 Tigerville SC 29688 Dr James Epting 8649777000 2012-04-13 1 Dave Moja 3178852620 2010 2016-02-24 21:20:13Z Dr James Epting PO Box 1892 Tigerville SC 29688 45739436 0 X www.NGU.edu X 1892 SC The University offers a quality education in a biblically sound, Christ-centered environment. 25 25 1047 100 0 0 4645651 5612303 37288706 39084403 1399590 666943 164731 262873 43498678 45626522 11255209 11813719 0 0 15279853 15934240 0 0 942257 12042937 12471763 38577999 40219722 4920679 5406800 79193735 86668187 4623449 4760786 74570286 81907401 X North Greenville University believes that the truths found in Holy Scriptures permeate every aspect of reality. All truth is ultimately from God. Therefore, a commitment to academic excellence can be an integral component in the maturation of one's faith. Faculty members meet regularly to study ways in which matters of faith can be brought into the classroom experience. Students are encouraged to participate in the process of integrating faith and learning. North Greenville University strives to be a place where graduates will leave with both and understanding of their chosen fields of endeavor and an appreciation for how the truths of scripture apply to those areas. The University offers the following degrees: the Bachelor of Arts degree, the Bachelor of Science degree, the Master of Business Administration degree, and the Master of Christian Ministries degree. Within the undergraduate degrees there are 31 program options and choices of major. 0 0 37401534 11813719 39301420 The University is a co-educational liberal arts university offering graduate and undergraduate degrees. It has Level III membership in the Commission of Colleges of the Southern Association of Colleges and Schools. The University's purpose is to provide opportunities for higher education in a Christian atmosphere. The University provided education services to 2,620 students. 37401534 1 1 0 0 0 0 0 0 1 1 1 0 0 1 1 1 0 1 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 1 0 0 0 1 0 0 0 0 1 0 0 0 0 1 38 0 1 1047 1 0 0 0 0 0 0 0 0 0 0 0 X 25 25 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 SC X Michelle Sabou 8649777000 PO Box 1892 Tigerville SC 29688 Dr James A Black Jr 1.00 X 0 0 0 Daniel R Boling 1.00 X 0 0 0 Edward C Case 1.00 X 0 0 0 David J Charpia 1.00 X 0 0 0 Jimmy E Cox 1.00 X 0 0 0 Rev Donald P Davis 1.00 X 0 0 0 Rev Bennie L Durham 1.00 X 0 0 0 Ronald K Edwards 1.00 X 0 0 0 Dr Arnold E Emery 1.00 X 0 0 0 Rebecca W Freel 1.00 X 0 0 0 Rev C David Gallamore 1.00 X 0 0 0 Michael D Hamrick 1.00 X 0 0 0 Beverly N Hawkins 1.00 X 0 0 0 Dr Joe F Hayes 1.00 X 0 0 0 Dr W Carey Hedgpeth 1.00 X 0 0 0 Rev Todd Johnson 1.00 X 0 0 0 Marion Lawson 1.00 X 0 0 0 Lucian r Lee Jr 1.00 X 0 0 0 Dr J Lee McCormick 1.00 X 0 0 0 Dr Robert E Osbon 1.00 X 0 0 0 Dr Bruce A Russell 1.00 X 0 0 0 Julie P Styles 1.00 X 0 0 0 Dr Lucille M Sullivan 1.00 X 0 0 0 William A Whitfield 1.00 X 0 0 0 Dr Melvin K Younts 1.00 X 0 0 0 Dr James Epting 35.50 X 283843 0 25237 Michelle Sabou 35.50 X 108514 0 16287 Dr Don Dowless 35.50 X 108058 0 17861 Rev Mayson Easterling 35.50 X 103393 0 15680 Dr Joseph S Isgett 35.50 X 103411 0 15680 Wayne Landrith 35.50 X 103859 0 10298 811078 0 101043 6 0 1 0 Aramark Corporation PO Box 198532 Atlanta GA 30384 Food Service 2881453 1 12645 1474482 135331 3989845 1252484 5612303 Tuition and Fees 900099 25773723 25773723 Auxiliary Revenue 900099 13310680 13310680 39084403 385260 385260 335875 45828 54792 45228 281083 600 281683 281683 58750 12645 12894 45856 45856 Miscellaneous Revenue 900099 217017 217017 217017 45626522 39301420 0 712799 11813719 11813719 854912 372144 364304 118464 12171153 10966643 749183 455327 514070 484186 18770 11114 1545447 1345071 146056 54320 848658 714647 91630 42381 6709 6709 56500 10500 46000 54792 54792 3500 3500 29437 5507 23930 1098957 892725 63963 142269 478759 478759 708050 695047 13003 512807 474731 9733 28343 57415 49882 6834 699 49445 47056 2062 327 1544064 1469442 64402 10220 Repairs & Maintenance 3166870 3014355 128686 23829 Food Services 2262238 2262238 Auxiliary Expenses 1737052 1737052 705168 564330 109804 31034 40219722 37401534 1875931 942257 15204233 16970837 284558 239069 503749 404573 350 350 64573544 17600298 44261487 46973246 17022293 19957587 37839 0 1879226 2122525 79193735 86668187 1493906 1499383 1093363 1239340 1309156 1098043 179167 162500 547857 761520 4623449 4760786 X 59071639 65407124 1485482 1670939 14013165 14829338 74570286 81907401 79193735 86668187 X 5406800 1930315 X X 0 1 1 X 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 14005945 541201 2445568 39804 64114 16888796 12138209 260413 1702013 26490 68200 14005945 14141240 885136 -2792897 25644 69626 12138209 0.18010 0.75650 0.06340 0 1 1 7074702 7074702 48208734 12076309 36132425 7495766 5523989 1971777 1794342 1794342 46973246 27408 F Cash value of life insurance 518210 F Baptist Foundation 2606088 F Securities 13545022 F Cash & cash equivalents 197207 F Certificates of deposit 3063652 F 19957587 Student deposits 406980 Trust liability 68741 Funds held for others 133743 Post-retirement benefit obligation 11373 Capital lease obligation 140683 761520 45626522 40219722 5406800 1684729 245586 1930315 7337115 35814917 1684729 58905 -11568133 -9824499 45639416 -12894 -12894 45626522 28477802 58905 12894 71799 28406003 11813719 11813719 40219722 Description of Intended Use of Endowment Funds: Part V, Line 4: The University uses most earnings from endowment funds to provide scholarship assistance to worthy students, as designated by donors. A small portion of earnings are used to provide programs as designated by donors and the Board of Trustees. Description of Uncertain Tax Positions Under FIN 48: Part X: The financial statement effects of a tax position taken or expected to be taken are recognized in the financial statements when it is more likely than not, based on the technical merits, that the position will be sustained upon examination. Interest and penalties, if any, are included in expenses in the statements of activities. As of May 31, 2011, the University had no uncertain tax positions that qualify for recognition or disclosure in the financial statements. Part XI, Line 8 - Other Adjustments: Change in value of trust 245,586. Part XII, Line 2d - Other Adjustments: Change in value of trust 245,586. Scholarships netted with revenue -11,813,719. Part XII, Line 4b - Other Adjustments: Fundraising expenses reported on Part VIII, Line 8B -12,894. Part XIII, Line 2d - Other Adjustments: Fundraising Expenses reported on Part VIII, Line 8B 12,894. Part XIII, Line 4b - Other Adjustments: Scholarships netted with revenue 11,813,719. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 Explanation of Nondiscriminatory Policy Publication Schedule E, Part I, Line 3 No media solicitation is generated. Non-discrimination policy is included in catalog which goes to all prospective students this information is also included in all admissions materials. Explanation of Government Financial Assistance Schedule E, Part I, Line 6 Federal financial aid funds under Title IV are received by the University and awarded and disbursed to its students. Golf tournament 71395 12645 58750 1500 5847 5547 71395 12645 58750 1500 5847 5547 12894 45856 1 Scholarships 1800 11813719 Procedure for Monitoring Grants in the U.S.: Part I, Line 2: Schedule I, Part I, Line 2: The financial aid planning office requires students to complete the free application for federal student aid (FAFSA) form to determine eligibility for federal, state and institutional grants, scholarships and loans. This is an equitable formula that measures all assets consistently. In addition to this form, the institution does require some other guidelines in the event that funds are offered based on certain academic credentials or performance in a university sponsored activity or athletic event. These credentials are clearly stated in the university catalog and the university website. Enrollment and eligibility are monitred by the university. X 1 1 X X X X X 0 0 0 0 0 0 0 0 0 Dr James Epting 283843 0 0 0 0 0 10000 0 15237 0 309080 0 0 0 Part I, Line 1a The President is required to live on the University's main campus. The home is University property and is adjacent to the University. Children of Board Members 28600 Scholarship X 13436 Fair market value X 49977 Fair market value X 2 14000 Fair market value X 1 965071 Appraised value X 1 210000 Fair market value 0 1 1 Third Party Use: Part I, Line 32b: The University uses a third party broker to receive and sell donated securities and vehicles. Form 990, Part VI, Section B, line 11 Form 990 was prepared by an independent accountant and reviewed by the University's top management. The reviewed Form 990 was then forwarded to the University's Board prior to filing. Form 990, Part VI, Section B, line 12c The trustees and officers must sign a conflict of interest policy annually. The conflict of interest disclosure forms are then reviewed by the VP for Business Affairs. Any conflicts are disclosed to the President and the Chairman of the Board. If a matter related to a conflict is considered by the Board, the Board Member with the conflict will recuse themselves. Form 990, Part VI, Section B, line 15 The Executive Committee of the Board of Trustees reviews the salary and benefits of the President and decides what the new contract amounts will be. Periodically, the Board will review comparable salaries. The salary of the Key Officers is reviewed annually by the Board during budget approval. The Key Officers are typically eligible to receive the same rate of merit increases as other employees. Form 990, Part VI, Section C, line 18 The University makes its Form 1023 and Form 990 available to the interested public upon request. Form 990 is also available for public review at another's website, www.guidestar.org. Form 990, Part VI, Section C, line 19 The University does not provide its governing documents, conflict of interest policy, and financial statements to the public. Changes in Net Assets or Fund Balances: Form 990, Part XI, line 5: Net unrealized gains on investments: 1,684,729. Change in value of trust 245,586. Total to Form 990, Part XI, Line 5: 1,930,315. FORM 990, PART XII, LINE 2C This process has not changed from prior year. South Carolina Baptist Convention 190 Stoneridge Drive Columbia SC 29210 570360087 Association of Southern Baptist Churches SC 501(C)(3) 1 N/A 0 The Baptist Foundation of South Carolina 190 Stoneridge Drive Columbia SC 29210 570348054 Institution of SCBC designated for the management of trust funds SC 501(C)(3) 1 N/A 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0