2012-03-01T08:47:41-06:00 2011-05-31 Capin Crouse LLP 972 Emerson Parkway Ste A Greenwood IN 46143 990 2010-06-01 350868181 Taylor University TAYL 7659984634 236 West Reade Avenue Upland IN 469891001 Stephen Olson 7659984634 2012-03-01 1 Dave Moja 3178852620 2010 2016-02-24 21:20:13Z Eugene B Habecker 236 West Reade Avenue Upland IN 469891001 150450735 0 X www.taylor.edu X 1846 IN Develop servant leaders with passion to minister Christ's redemptive love & truth to the world. 23 21 2981 134 0 0 13007930 13436151 66907164 68906828 3110716 3521203 0 3059 83025810 85867241 16129866 15234816 0 0 33044296 33819063 10650 14637 1798484 28411273 29391481 77596085 78459997 5429725 7407244 180774609 202878797 29753140 37588208 151021469 165290589 X The mission of Taylor University is to develop servant leaders marked with a passion to minister Christ's redemptive love and truth to a world in need. 0 0 66016010 15234816 68906828 In order to advance our mission, Taylor University is committed to the following purposes:-To provide whole person education, involving students in learning experiences imbued with a vital Christian interpretation of truth and life which foster their intellectual, emotional, physical, vocational, social, and spiritual development.-To offer liberal arts, professional and life-long education based upon the conviction that all truth has its source in God, and that being Biblically anchored, the Christian faith should permeate all learning leading to a consistent life of worship, servant leadership, stewardship, and world outreach.-To create specific experiences wherein the integrative focus of a Christian liberal arts education is clarified, personalized, and applied.-To contribute to the advancement of human knowledge and understanding and serve the evangelical Christian church and the larger (public) community for the glory of God.-To foster a biblical model of relationships that acknowledges both unity and diversity of the followers of Christ within a covenant community and which can be evidenced in a continuing lifestyle of service to and concern for others-To foster and maintain appropriate and effective support services that enable maximum program effectiveness throughout the universityAt Taylor University we are actively seeking students who possess exceptional academic preparation and are ready to contribute to our robust learning community. This year's incoming freshman class had an average GPA of 3.62 and an ACT of 27. At Taylor University we will work hard to provide the people, the services, the tools, and the environment - in general, the resources - to help students successfully pursue their calling.These outstanding students help us get noticed. Taylor University, year after year, continues to receive recognition at the very highest levels in the various college and university rankings. For the fifth straight year, Taylor University received the ranking of #1 in the category Regional Colleges-Midwest from U.S. News & World Report. Taylor was the only Indiana-based school to achieve a number one university-wide ranking. Additionally, Taylor was one of only two Council for Christian Colleges and Universities (CCCU) member institutions to achieve a number one ranking - regionally or nationally. Taylor was one of only 56 institutions throughout the United States included in the Best College list, recognized by its peers for a Strong Commitment to Teaching. Along with U.S. News rankings, Taylor received high rankings in The Princeton Review, Forbes.com and Washington Monthly - which named Taylor the #4 Baccalaureate College in the nation. Each of the publications measured criteria that cited the academic excellence of Taylor's faculty and students, the satisfaction and retention of students (freshman retention 85%, average graduation rate 80%), the percentage of students studying abroad, and the investment made by alumni.Korean Exchange ProgramTaylor University also has a student exchange agreement with a university in South Korea that provides the opportunity for a limited number of students from each institution to spend one semester as a guest student on the other's campus. This program promotes cross-cultural understanding as well as offering a full semester of college credit. 66016010 1 1 0 0 0 1 1 0 1 1 1 0 1 1 0 0 1 1 1 1 0 0 0 1 0 0 1 1 1 1 0 0 0 0 0 0 1 0 1 0 1 0 0 0 1 1 0 0 0 0 1 4398 0 2981 1 0 1 EI 0 0 0 0 0 0 0 0 X 23 21 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 X The Organization 7659984634 236 West Reade Avenue Upland IN 469891001 Eugene B Habecker 60.00 X X 207036 0 51372 Mark D Taylor 6.00 X X 0 0 0 Wellington Chiu 6.00 X X 0 0 0 Karen Thomas 2.00 X X 0 0 0 Douglas Rupp 2.00 X X 0 0 0 Roger E Beaverson 2.00 X 0 0 0 Jonathon Beukelman 2.00 X 0 0 0 James A Blum 2.00 X 0 0 0 R David Boyer 2.00 X 0 0 0 Paige Cunningham 2.00 X 0 0 0 Barbara Dickinson 2.00 X 0 0 0 Kenneth Flanigan 2.00 X 0 0 0 Chris L Goeglein 2.00 X 0 0 0 Shani P Wilfred 2.00 X 0 0 0 Richard W Gygi 2.00 X 0 0 0 Paul Lowell Haines 2.00 X 0 0 0 Rhonda Jeter-Twilley 2.00 X 0 0 0 Stephen Johnson 2.00 X 0 0 0 Susan McCabe 2.00 X 0 0 0 Gregory A Poland 2.00 X 0 0 0 Mark A Soderquist 2.00 X 0 0 0 Steven D Whiteman 2.00 X 0 0 0 Dan Wolgemuth 2.00 X 0 0 0 Ronald B Sutherland 50.00 X 116720 0 26368 Ben Sells 50.00 X 117720 0 61720 Stephen Bedi 50.00 X 130273 0 27863 Roger Jenkinson 50.00 X 104768 0 20342 676517 0 187665 5 0 1 0 Guepel DeMars Hagerman LLC 10315 Allisonville Road Fishers IN 46038 Construction Services 3569464 Michael Kinder & Sons Inc 5206 Decatur Road Fort Wayne IN 46806 Construction Services 2008959 Creative Dining Services One Royal Park Drive Zeeland MI 49464 Food Service 1837981 Shiel Sexton co Inc 902 N Capital Avenue Indianapolis IN 46204 Construction Services 526392 The Troyer Group Inc 550 Union Stret Mishawaka IN 46544 Architect Services 391310 33 12300 375000 597931 12450920 200408 13436151 Tuition and fees 900099 50655384 50655384 Food services 721310 5805758 5805758 Dormitory fees 721310 5304240 5304240 Bookstore revenue 451211 1043744 1043744 Conference fees 900099 274267 274267 5823435 5823435 68906828 1836577 1836577 63580514 2676265 59514464 5057689 4066050 -2381424 1684626 1684626 14400 12300 11341 3059 3059 85867241 68906828 0 3524262 100300 100300 15134516 15134516 407241 332811 60658 13772 115994 94794 17277 3923 22971746 18773306 3421593 776847 2076259 1696791 309254 70214 6638476 5425192 988787 224497 1609347 1315214 239709 54424 290431 237350 43259 9822 327120 267334 48724 11062 76067 62165 11330 2572 14637 14637 332668 332668 2471175 2019530 368076 83569 389009 317912 57942 13155 701886 573606 104544 23736 927204 757743 138105 31356 2049208 1674684 305225 69299 1458725 1192121 217274 49330 1222174 998803 182040 41331 1076480 879737 160339 36404 3703548 3026667 551636 125245 756111 617920 112621 25570 Food service cost 4052884 4052884 Discontinued operations 2408000 2408000 Program expenses 2220906 2220906 Bookstore materials 683758 683758 Operating supplies 659169 538696 98182 22291 3584958 3021270 468260 95428 78459997 66016010 10645503 1798484 11792532 9848417 1567309 6905915 2264316 1636090 3165908 509365 354926 571885 108988503 47867706 61616681 61120797 86191462 97159550 84421 15500 13737054 25111278 180774609 202878797 5619166 8931593 287825 391327 16396000 20140000 7450149 8125288 29753140 37588208 X 73000470 84444444 27029229 26562762 50991770 54283383 151021469 165290589 180774609 202878797 X 7407244 6861876 X X 0 1 1 X 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X 1 89.19 1 0 383000 X X X X 0 62356894 1161075 10892678 1512756 1487855 311576 71098460 56730502 1172997 7955522 1532917 1556184 413026 62356894 69824024 1401000 -11940249 1153281 961992 439000 56730502 0.16000 0.84000 0.00000 1 0 2256076 2256076 85839708 35249390 50590318 15203865 9707404 5496461 5688854 2910912 2777942 61120797 Due from affiliates 7722895 Deposits with external trustees 2398192 Bond issuance cost 404413 Construction in progress 14585778 25111278 Student loan fund/health insurance trust 2455907 Other liabilities 2477302 TU Health Plan Trust 3192079 8125288 Explanation of Changes to Conservation Easements: Part II, Line 3: There was no current year activity related to the easement held by the University. The value of this property is carried on the balance sheet at its historical value. Part III, Line 4: The Edwin W. Brown Collection includes first English and American editions of books authored, edited, or with prefaces by C. S. Lewis, published essays and lectures of C. S. Lewis, two Lewis manuscripts, and books about C. S. Lewis, as well as first and reprint editions of George MacDonald and first editions of Charles Williams, Dorothy L. Sayers, and Owen Barfield. It also contains several manuscripts, letters, contracts, and photographs. The collection is more valuable in its entirety than the individual parts alone. In addition, it provides enhanced educational opportunities for students and faculty at Taylor University. The cultural, literary and religious aims of the collection can be expanded through the educational curriculum offerings of lectures and seminars. In fact, Taylor University will have the potential to reach beyond the literary collection and bring C. S. Lewis scholars to the campus Description of Intended Use of Endowment Funds: Part V, Line 4: The university's endowment consists of approximately 426 individual funds established for the following purposes: 51% of Taylor's endowments are used for student scholarships. During the 2010-2011 academic year 444 students received scholarships from donor-based endowed scholarship funds. These awards are given in recognition of academic ability, extracurricular activities, and/or financial need. 29% of the endowed funds are for specific program support. These include funds that support academic chairs, centres such as the Center for Teaching and Learning Excellence, and the Spencer Centre for Global Engagement, and various other athletic, academic and student development programs. 13% support facilities on campus. These include funds to help cover costs such as maintance, utilities, and debt service of buildings. 7% support Taylor's general operations. A majority of Taylor's endowed funds have been established to honor or memorialize family members, friends or mentors by naming the fund for them. 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 Nondiscrimination policies are included in all materials available to the public. Explanation of Government Financial Assistance Schedule E, Part I, Line 6 Taylor University receives assistance and grants from the following federal programs: Perkins, Academic Competitiveness Grant, S.M.A.R.T. Grant, SEOG, Pell and work study. East Asia and the Pacific 0 0 Program Services Off-Campus Studies Programs 91926 Europe (Including Iceland & Greenland) 1 2 Program Services Off-Campus Studies Programs 946826 Middle East and North Africa 0 0 Program Services Off-Campus Studies Programs 133953 South America 0 0 Program Services Off-Campus Studies Programs 129943 Sub-Saharan Africa 0 0 Program Services Off-Campus studies programs 36825 2 0 2 1339473 0 1339473 0 0 0 0 0 0 Method Used to Acccount for Expenditures: Schedule F, Part I, Line 3: Each year, hundreds of students participate in a variety of international study programs from one-week spring break trips to semester-long exchanges with partner universities on all continents. All of these activities are for academic credit and contribute to the graduation requirements of the students. The University operates its own program through leased facilities in Ireland, and maintains a year-round program in Ecuador. All other programming is contracted through partner organizations on an as needed basis. These foreign expenditures are accounted for according to the accrual basis of accounting using expense reports and other appropriate documentation. Golf Tournament 26700 12300 14400 3533 6349 1293 166 26700 12300 14400 3533 6349 1293 166 11341 3059 1 Community Foundation of Grant County Indiana Inc 505 West Third Street Marion IN 46952 311117791 501(c)(3) 12500 Project Leadership-mentoring & 21st Century Scholar enrollment William Taylor Foundation 236 W Reade Ave Upland IN 46989 356047122 501(c)(3) 54800 Annuity Loss Funding Taylor University Broadcasting Inc 1115 W Rudisill Blvd Ft Wayne IN 46807 351975367 501(c)(3) 33000 Program Support 3 0 Student financial aid 1775 15134516 Procedure for Monitoring Grants in the U.S.: Part I, Line 2: Schedule I, Part I, Line 2: GRANTS TO OTHER ORGANIZATIONS Taylor University (University) monitors the use of funds granted to other non-profit organizations through long-standing relationships and common board members/employees. The University Provost is a board member of the Community Foundation of Grant County Indiana and he monitored the use of granted funds while serving in that capacity. The University shares several board members with William Taylor Foundation and the University also monitors the use of granted funds while providing accounting services for the Foundation. GRANTS TO INDIVIDUALS (SCHOLARSHIPS/FINANCIAL ASSISTANCE) The University provides financial assistance to students that submit a written application and meet the University's criteria for financial assistance. Applications are reviewed by the Financial Aid Department and/or scholarship committees, depending upon the particular terms of each scholarship. Awards are applied against a student's tuition due to the University. The University monitors each student to assure that he/she remains enrolled in school and continues to satisfy the criteria for his/her specific scholarship. If the student withdraws from the University, then any remaining funds are returned to the scholarship pool to be awarded to another student. X X 1 1 X X X X X 0 0 0 0 0 0 0 0 0 Eugene B Habecker 202886 0 0 0 4150 0 24696 0 27774 0 259506 0 0 0 Ben Sells 114281 0 0 0 3439 0 14264 0 48426 0 180410 0 0 0 Stephen Bedi 130173 0 0 0 100 0 15759 0 13144 0 159176 0 0 0 Part I, Line 1a Housing & personal services The University President lives in a residence that is located on the campus of the University. The President is required to live in the residence as a condition of his employment. The residence is furnished for the convenience of the University and the President regularly uses it to conduct University business. The University provides food and beverages for University related events that are hosted at the residence. In addition, University staff clean the public areas of the residence and maintain the residence and its grounds. Supplemental Information Part III Non-taxable benefits reported in Schedule J, Part II, Column (D): Some of these amounts include tuition assistance (scholarships) provided to employees of Taylor University based on their employment with the school. Although non-taxable, these amounts are correctly reported as a benefit on 990 Part VII and Schedule J Part II. Town of Upland Indiana 356001216 915395DV6 2007-11-26 4315000 Student Residential Apartment Bdg 0 1 0 Town of Upland Indiana 356001216 915395CY1 2003-03-01 8825000 Kesler Student Activities Ctr 0 1 0 Town of Upland Indiana 356001216 2010-07-12 4760000 Wolgemuth Hall Apartment Bdg 0 1 0 4758258 248577 1151364 91439 166877 3100000 2008 0 1 1 1 9016385 682243 160184 173956 8000000 2004 0 1 1 1 4760000 100000 42000 608372 3457152 552476 2011 0 0 1 1 0 0 0 0 0.00000 0.00000 0.00000 1 0 0 0 0 0.00000 0.00000 0.00000 1 0 0 0 0 0.00000 0.00000 0.00000 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 Regions 20.000000000000 0 0 0 0 0 Various Scholarships/Tuition Discounts 23585 Marylou Habecker President's wife 30545 W2 Employee 0 Ronald Korfmacher Trustee's Brother-in-law 61722 W2 Employee 0 X 8 183408 FMV-Similar Sales X 1 17000 Appraisal X Horses 2 Not determined 10 0 1 0 Method for Determining Number of Contributors: Part I, Column (b): The number of contributions reported on Schedule M is the number of contributions received, not the number of items contributed. Non Reporting of Revenue: Part I, Line 33: The live horses donated to the University were not assigned a value on the statement of activities. The University recorded these gifts with a one cent debit and credit to the same expense account only in order to produce a gift in kind (no value stated) receipt for the donor, Form 990, Part VI, Section B, line 11 The University's board of directors has delegated authority for the review of its Form 990 to the Audit Committee. The Audit Committee substantively reviewed the Form 990 prior to its filing. In addition, The University's independent CPA firm prepared the Form 990 and then reviewed it with the management team and with the audit committee. The University utilized this process to ensure that its Form 990 received substantive review by directors and professionals with specific knowledge of the University's activities and extensive financial, accounting and tax expertise. Form 990, Part VI, Section B, line 12c The University has adopted a Conflict of Interest Policy that requires directors, officers and key employees to submit an annual conflict of interest disclosure. The annual disclosure requires directors, officers and key employees to disclose, in writing, any known financial interest that the individual (together with family members) has in any business entity that transacts business with the University. In addition, directors, officers and key employees are required to immediately disclose any possible conflict of interest that arises mid-year in relation to a proposed transaction. The Conflict of Interest Policy requires that any individual with a conflict be recused from the decision making process, that independent directors or committee members determine that the proposed transaction is in the best interests of the University, and the transaction must be approved by a vote of the independent directors or committee members without the participation of any interested individual. The annual conflict disclosure statements are submitted to, and reviewed by, the Audit Committee, composed of independent outside directors. In addition, the executive staff is responsible for monitoring any possible conflict transactions that arise and managing them to ensure that all transactions represent arms' length, fair market value terms for the benefit of the University. Form 990, Part VI, Section B, line 15 The University has adopted an Executive Compensation and Intermediate Sanctions Policy that ensures that all compensation arrangements with related parties are evaluated and entered at arms' length and that any compensation that is paid to a related party is reasonable and reflects fair market value. The Policy encourages the application of the rebuttable presumption standard of Code Section 4958 and the related Treasury Regulations by (a) excluding any interested party from the decision making process; (b) requiring disinterested board or committee members to obtain and rely upon comparability data when setting the proposed compensation terms; (c) requiring approval of the transaction in advance by disinterested directors or committee members; and (d) requiring contemporaneous documentation (i.e., minutes) reflecting the decision and the process by which it was made. In the case of the President's compensation, the Executive Committee of the board of directors, composed entirely of independent outside directors, is responsible for ensuring that the process outlined above is applied. Form 990, Part VI, Section C, line 19 These are all available to the public upon request, either as a printed or electronic copy. Changes in Net Assets or Fund Balances: Form 990, Part XI, line 5: Net unrealized gains on investments: 6,861,876. Explanation of Responsibility Form 990, Page 12, Part XI, Line 2c The organization has a committee that assumed responsibility for oversight of the audit of its financial statements and selection of an independent accountant. This process has not changed from the prior year. Taylor Angel Fund LLC 236 West Read Ave Upland IN 46989 New business/research endeavors IN 0 0 N/A William Taylor Foundation 236 W Reade Ave Upland IN 46989 356047122 Support Taylor University IN 501(C)(3) Line 11a, I N/A 0 Taylor University Broadcasting Inc 1025 W Rudisill Blvd Fort Wayne IN 46807 351975367 Christian Broadcasting IN 501(C)(3) Line 11a, I N/A 0 0 1 1 0 0 0 0 0 0 0 1 0 0 1 0 1 0 0