2012-04-12T15:43:27-05:00 2011-05-31 990 2010-06-01 750800689 SOUTHERN METHODIST UNIVERSITY SOUT 2147682800 PO BOX 750261 DALLAS TX 752750261 CHRISTINE REGIS 2147682800 2012-04-10 2012-04-12 2010 2016-02-24 21:20:13Z R GERALD TURNER PO BOX 750261 DALLAS TX 752750261 819460933 false X WWW.SMU.EDU X 1911 TX THE PRIMARY MISSION OF THE UNIVERSITY IS EDUCATION THROUGH RESEARCH AND TEACHING BY CREATING AND IMPARTING KNOWLEDGE THAT WILL SHAPE CITIZENS WHO CONTRIBUTE TO THEIR COMMUNITIES AND LEAD PROFESSIONS IN A GLOBAL SOCIETY. 42 40 6265 1360 2252965 -833028 54344662 63635513 414641528 443200570 46803613 91018108 3914124 4701824 519703927 602556015 114351841 127369115 0 243049600 252889490 6000 0 20831975 149539727 164182655 506947168 544441260 12756759 58114755 1967543174 2181496297 500567179 612434952 1466975995 1569061345 X THE PRIMARY MISSION OF THE UNIVERSITY IS EDUCATION THROUGH RESEARCH AND TEACHING BY CREATING AND IMPARTING KNOWLEDGE THAT WILL SHAPE CITIZENS WHO CONTRIBUTE TO THEIR COMMUNITIES AND LEAD PROFESSIONS IN A GLOBAL SOCIETY. false false 350859838 114089717 356169738 INSTRUCTIONAL: INSTRUCTIONAL PROGRAMS INCLUDE ACADEMIC INSTRUCTION AND SERVICES FOR UNDERGRADUATE AND GRADUATE STUDENTS INCLUDING FINANCIAL AID IN THE FORM OF SCHOLARSHIPS AND FELLOWSHIPS. STUDENT ENROLLMENT FOR FALL SEMESTER 2010 WAS 10,938 AND SPRING SEMESTER 2011 WAS 10,595. 82113255 13279397 45417943 AUXILIARY ACTIVITIES: THIS CATEGORY INCLUDES ATHLETIC EXPENDITURES AND SERVICES THAT SUPPORT EDUCATIONAL ACTIVITIES. SERVICES INCLUDE BOOKSTORE, STUDENT HOUSING, VENDING AND FOOD ADMINISTRATION AND INDEPENDENT OPERATIONS. 36977160 30816052 SPONSORED RESEARCH: SPONSORED RESEARCH INCLUDES EXPENDITURES FOR ALL ACTIVITIES THAT ARE PART OF THE UNIVERSITY'S RESEARCH PROGRAM, INCLUDING ACTIVITIES SPECIFICALLY ORGANIZED TO PRODUCE RESEARCH OUTCOMES, WHETHER COMMISSIONED BY AN AGENCY EXTERNAL TO THE INSTITUTION OR SEPARATELY BUDGETED BY AN ORGANIZATIONAL UNIT WITHIN THE INSTITUTION. 15683936 10796837 ORGANIZED ACTIVITIES: ORGANIZED ACTIVITIES MAKE AVAILABLE TO THE PUBLIC VARIOUS RESOURCES THAT EXIST WITHIN THE UNIVERSITY SUCH AS SEMINARS, CONFERENCES AND CAMPS. 15683936 10796837 485634189 true true false true true false true false true true true false false true true false true true true true false false false true false false false true true true true true false false false false true false false false true true false false false true true true false false true X 1312 0 6265 true true true true UK false false false true true false false false false X 42 40 true false false false false false true true true false false true true true true true false true true false X CONTROLLER'S OFFICE 2147682800 6116 N CENTRAL EXPRESSWAY STE 202 DALLAS TX 752750261 R GERALD TURNER 37.50 X X 627738 0 371211 LINDA EADS 37.50 X 139154 0 29226 RUTH S ALTSHULER 1.00 X 0 0 0 EARL BLEDSOE 1.00 X 0 0 0 MICHAEL M BOONE 1.00 X 0 0 0 BRADLEY BROOKSHIRE 1.00 X 0 0 0 LAURA WELCH BUSH 1.00 X 0 0 0 KIRBYJON H CALDWELL 1.00 X 0 0 0 DONALD J CARTY 1.00 X 0 0 0 KELLY H COMPTON 1.00 X 0 0 0 MARK CRAIG 1.00 X 0 0 0 GARY T CRUM 1.00 X 0 0 0 LINDA CUSTARD 1.00 X 0 0 0 ROBERT H DEDMAN JR 1.00 X 0 0 0 FRANK M DUNLEVY 1.00 X 0 0 0 JUAN ELEK 1.00 X 0 0 0 ALAN FELD 1.00 X 0 0 0 GERALD J FORD 1.00 X 0 0 0 ANTONIO O GARZA JR 1.00 X 0 0 0 JAMES R GIBBS 1.00 X 0 0 0 FREDERICK B HEGI JR 1.00 X 0 0 0 CLARK K HUNT 1.00 X 0 0 0 RAY L HUNT 1.00 X 0 0 0 MRS GENE C JONES 1.00 X 0 0 0 SCOTT JONES 1.00 X 0 0 0 FREDRICK LEACH 1.00 X 0 0 0 PAUL B LOYD JR 1.00 X 0 0 0 BOBBY B LYLE 1.00 X 0 0 0 KEN MALCOLMSON 1.00 X 0 0 0 DAVID B MILLER 1.00 X 0 0 0 SHERON PATTERSON 1.00 X 0 0 0 SARAH PEROT 1.00 X 0 0 0 JEANNE L PHILLIPS 1.00 X 0 0 0 CAREN H PROTHRO 1.00 X 0 0 0 CARL SEWELL 1.00 X 0 0 0 ANN BROOKSHIRE SHERER-SIMPSON 1.00 X 0 0 0 HELMUT SOHMEN 1.00 X 0 0 0 RICHARD HAYNES STRADER JR 1.00 X 0 0 0 RICHARD K TEMPLETON 1.00 X 0 0 0 JOHN C TOLLESON 1.00 X 0 0 0 ROYCE E WILSON SR 1.00 X 0 0 0 RICHARD J WOOD 1.00 X 0 0 0 PAUL W LUDDEN 37.50 X 392693 0 35175 MICHAEL A CONDON 37.50 X 374237 0 83435 BRAD E CHEVES 37.50 X 326310 0 37465 PAUL WARD 37.50 X 317884 0 61165 CHRISTINE REGIS 37.50 X 308184 0 30200 THOMAS E BARRY 37.50 X 266308 0 37965 LORI S WHITE 37.50 X 223772 0 31949 MARY ANNE ROGERS 37.50 X 82669 0 26073 ALBERT NIEMI JR 37.50 X 485105 0 40767 PETER MOORE 37.50 X 176872 0 31735 JUNE JONES 37.50 X 1787421 0 37668 MATTHEW DOHERTY 37.50 X 577736 0 45538 WILLIAM DILLON 37.50 X 429657 0 45693 STEVEN ORSINI 37.50 X 418005 0 45610 MIGUEL QUINONES 37.50 X 410722 0 36971 AMIT BASU 37.50 X 329558 0 45503 THOMAS TUNKS 37.50 X 187908 0 26479 S LEON BENNETT 37.50 X 179871 0 24265 8041804 1124093 415 true true false ROGERS O'BRIEN CONSTRUCTION COMPANY 11145 MORRISON LANE DALLAS TX 75229 CONSTRUCTION 9797505 AUSTIN COMMERCIAL INC PO BOX 2879 DALLAS TX 75221 CONSTRUCTION 8706026 SCHNEIDER ELECTRIC BUILDING AMERICAS PO BOX 59469 DALLAS TX 75229 CONSTRUCTION 2767755 THE RICHARDS GROUP 8750 N CENTRAL EXPWY STE 1200 DALLAS TX 75231 ADVERTISING 2363267 GCA SERVICES GROUP OF TEXAS LP 4726 WESTERN AVE KNOXVILLE TN 37921 JANITORIAL 2142313 105 1559194 17765 62058554 7384326 63635513 TUITION AND FEES 611310 344008001 344008001 AUXILIARY ACTIVITIES 611310 43223717 31501535 11722182 SPONSORED RESEARCH 611310 30761505 30761505 OTHER STUDENT FEES 611310 10838952 10838952 ORGANIZED ACTIVITIES 611310 8841437 8841437 5526958 5516723 10235 443200570 21131654 10350 21121304 3411363 3411363 5798418 5798418 127529 118994 8535 8535 8535 262151028 18216315 207792484 6099768 54358544 12116547 66475091 2232380 64242711 1788543 1559194 2893672 -1105129 602556015 431468153 2252965 106304513 127369115 127369115 4349345 931238 2997616 420491 393368 393368 195564777 172200763 13500220 9863794 13894541 12071370 1130011 693160 26366527 22906846 2144328 1315353 12320932 10704242 1002033 614657 1080763 349093 731670 202737 23328 179409 243796 243796 9785684 9785684 20742530 17706781 408615 2627134 4090170 3584669 391354 114147 16967032 14245739 937094 1784199 7159659 6723058 373340 63261 24324 24324 21055178 20129411 682258 243509 10906875 10331927 189543 385405 1100 1100 944094 798426 134939 10729 13547316 13547316 30411710 28315710 1595000 501000 2722950 2715108 5869 1973 MISCELLANEOUS 13569764 10740952 875041 1953771 BOOKS AND PERIODICALS 6978112 6974167 195 3750 PROPERTY COSTS 1891962 1838230 4601 49131 PUBLIC RELATIONS 1856899 1401276 269112 186511 544441260 485634189 37975096 20831975 3475495 6098858 198723086 204028363 66091321 72659648 112426911 121296472 11607264 9854073 405921 333633 6679027 5985365 911673200 299990751 600567013 611682449 297543579 459622613 665995512 685333640 4028045 4601183 1967543174 2181496297 110224981 107385164 25418467 23969487 360115000 476268000 841454 781000 3967277 4031301 500567179 612434952 X 480524995 525640345 493818000 534475000 492633000 508946000 1466975995 1569061345 1967543174 2181496297 X 58114755 43970595 X false true true X true true X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false false false 243796 243796 544197464 544441260 1000000 250000 false 1000000 1000000 1000000 1000000 4000000 6000000 242967 226055 247612 243796 960430 250000 250000 250000 250000 1000000 1500000 false false false false false false false false false false false false false false 2 1673702 31786019 true true false false 90822 36089728 X X X X X EDUCATIONAL PROGRAMMING false false false 1069398696 16869666 180581957 13378718 42903543 19858567 1190709491 1032262197 26874362 74857407 13375323 44100799 7119148 1069398696 1401274328 25069217 -332783497 12844512 44628154 3825185 1032262197 0.06840 0.93150 0.00010 true false false 93464889 93464889 652219865 225179200 427040665 119220540 53332190 65888350 46767906 21479361 25288545 611682449 PRIVATE EQUITY FUNDS 225017652 C ABSOLUTE RETURN FUNDS 121576415 C PARTNERSHIP INVESTMENTS - REAL EST 107125212 C EQUITY FUNDS WITHOUT DAILY LIQUIDITY 101128606 C EQUITY METHOD INVESTMENTS 57540603 F VENTURE CAPITAL 39200450 C FUNDS HELD IN TRUST BY OTHERS 19282627 F PARTNERSHIP INVESTMENTS - TIMBER 13962300 C FIXED INCOME FUNDS WITHOUT DAILY LIQ 499587 C MINERAL RIGHTS 180 C OTHER INVESTMENTS 8 C 685333640 US GOVERNMENT STUDENT LOAN ADVANCES 2771000 DEPOSITS 1260301 4031301 COLLECTIONS AND RELATION TO EXEMPT PURPOSE SCHEDULE D, PAGE 2, PART III, LINE 4 THE MEADOWS MUSEUM AT SOUTHERN METHODIST UNIVERSITY HOUSES ONE OF THE LARGEST AND MOST COMPREHENSIVE COLLECTIONS OF SPANISH ART OUTSIDE OF SPAIN. WITH WORKS DATING FROM THE 10TH TO THE 21ST CENTURY, THE INTERNATIONALLY RENOWNED COLLECTION PRESENTS A BROAD SPECTRUM OF ART COVERING A THOUSAND YEARS OF SPANISH HERITAGE. THE MUSEUM IS A RESOURCE OF SOUTHERN METHODIST UNIVERSITY THAT SERVES A BROAD AND INTERNATIONAL AUDIENCE AS WELL AS THE UNIVERSITY COMMUNITY THROUGH MEANINGFUL EXHIBITIONS, PUBLICATIONS, WORKSHIPS AND OTHER EDUCATIONAL PROGRAMS AND ENCOURAGES PUBLIC PARTICIPATION THROUGH A BROAD- BASED MEMBERSHIP. INTENDED USES FOR ENDOWMENT FUNDS SCHEDULE D, PAGE 2, PART V, LINE 4 INTENDED USES OF ENDOWMENT FUNDS INCLUDE EDUCATIONAL PROGRAM SUPPORT, CHAIRS AND FACULTY SUPPORT, SCHOLARSHIPS AND OTHER STUDENT AID, LIBRARY AND BOOKS, AND MAINTENANCE. LIABILITY UNDER FIN 48 FOOTNOTE SCHEDULE D, PAGE 3, PART X THE UNIVERSITY COMPLIES WITH THE REQUIREMENTS OF ASC 740, INCOME TAXES, WHICH PRESCRIBES A RECOGNITION THRESHOLD AND MEASUREMENT REQUIREMENTS FOR FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT OF A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. IN ADDITION, ASC 740 PROVIDES GUIDANCE ON RECOGNITION, CLASSIFICATION, AND ACCOUNTING IN INTERIM PERIODS AND DISCLOSURE REQUIREMENTS FOR UNCERTAIN TAX POSITIONS. THE UNIVERSITY AND ITS CONTROLLED CORPORATIONS DO NOT HAVE ANY UNCERTAIN TAX POSITIONS AND THEREFORE HAVE RECORDED NO LIABILITY OR BENEFIT FOR SUCH POSITIONS FOR THE YEAR ENDED MAY 31,2011 AND 2010. SUPPLEMENTAL FINANCIAL INFORMATION SCHEDULE D, PAGE 4, PART XIV PART V: THE ENDOWMENT MARKET VALUES REPORTED IN THIS SECTION DO NOT INCLUDE PLEDGES RECEIVABLE WHICH ARE INCLUDED FOR FINANCIAL STATEMENT PURPOSES IN COMPLIANCE WITH SFAS NO. 116. PLEDGES DO NOT GENERATE INCOME FOR SPENDING AND NORMALLY ARE NOT INCLUDED WHEN THE UNIVERSITY REPORTS ENDOWMENT FUND MARKET VALUE FOR PURPOSES OTHER THAN THE FINANCIAL STATEMENTS AND ARE NOT INCLUDED HERE. THE UNIVERSITY HAS ELECTED TO REPORT MARKETABLE SECURITIES AND EQUITY METHOD INVESTMENTS AT FAIR VALUE FOR FINANCIAL STATEMENT PURPOSES. THE UNIVERSITY HAS NOT ELECTED TO REPORT OTHER ASSETS AT FAIR VALUE FOR FINANCIAL STATEMENT PURPOSES, AND ACCORDINGLY, NEITHER THE UNREALIZED GAINS AND LOSSES IN PRIOR YEARS NOR THE GAINS IN FISCAL YEAR 2011 ARE REPORTED FOR FINANCIAL STATEMENT PURPOSES, EXCEPT IF THOSE WITH LOSSES ARE DETERMINED TO BE PERMANENT IMPAIRMENTS. AS OF MAY 31, 2011, THE UNIVERSITY HAD APPPROXIMATELY 200.04 MILLION OF UNREALIZED GAINS THAT ARE REFLECTED HERE BUT HAD NOT BEEN RECOGNIZED IN ITS FINANCIAL STATEMENTS. true true true true true true true false false false false false false false false true false true FINANCIAL AID OR GOVERNMENT ASSISTANCE EXPLANATION SCHEDULE E LINE 6 THE UNIVERSITY PARTICIPATES IN THE FEDERAL PERKINS LOAN PROGRAM FEDERAL SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANT FEDERAL WORKSTUDY PROGRAM FEDERAL PELL GRANT FEDERAL FAMILY EDUCATIONAL LOAN PROGRAMS TEXAS TUITION EQUALIZATION GRANT TEXAS GRANT LEVERAGING EDUCATIONAL ASSISTANCE PARTNERSHIP LEAP SCIENCE AND MATHEMATICS ACCESS TO RETAIN TALENT SMART ACADEMIC COMPETITIVENESS GRANT ACG AND SUPPLEMENTAL LEVERAGING EDUCATIONAL ASSISTANCE PARTNERSHIP SLEAP THROUGH THE STATE OF TEXAS AND RECEIVES FEDERAL AND STATE FUNDING FOR RESEARCH GRANTS AND CONTRACTS CENTRAL AMERICA AND THE CARRIBEAN PROGRAM SERVICE RESEARCH 4716 CENTRAL AMERICA AND THE CARRIBEAN PROGRAM SERVICE FACULTY DEV/CONFEREN 5411 CENTRAL AMERICA AND THE CARRIBEAN PROGRAM SERVICE STUDY ABROAD 73939 EAST ASIA AND THE PACIFIC PROGRAM SERVICE RESEARCH/CONFERENCE 99896 EAST ASIA AND THE PACIFIC PROGRAM SERVICE STUDENT RECRUITING 19410 EAST ASIA AND THE PACIFIC PROGRAM SERVICE FACULTY DEV/CONFEREN 45086 EAST ASIA AND THE PACIFIC PROGRAM SERVICE STUDY ABROAD 502649 EUROPE PROGRAM SERVICE RESEARCH/CONFERENCE 414087 EUROPE 1 7 PROGRAM SERVICE STUDY ABROAD 4677293 EUROPE PROGRAM SERVICE STUDENT RECRUITING 19057 EUROPE PROGRAM SERVICE EXHIBITION/ART EXHIB 13562 EUROPE PROGRAM SERVICE FACULTY DEV/CONFEREN 121581 MIDDLE EAST AND NORTH AFRICA PROGRAM SERVICE RESEARCH/CONFERENCE 13693 MIDDLE EAST AND NORTH AFRICA PROGRAM SERVICE STUDENT RECRUITING 7797 MIDDLE EAST AND NORTH AFRICA PROGRAM SERVICE FACULTY DEV/CONFEREN 13902 MIDDLE EAST AND NORTH AFRICA PROGRAM SERVICE STUDY ABROAD 74867 NORTH AMERICA PROGRAM SERVICE EXHIBITION/ART EXHIB 1309 NORTH AMERICA PROGRAM SERVICE FACULTY DEV/CONFEREN 59756 NORTH AMERICA PROGRAM SERVICE STUDY ABROAD 11582 NORTH AMERICA PROGRAM SERVICE STUDENT RECRUITING 10737 NORTH AMERICA PROGRAM SERVICE RESEARCH/CONFERENCE 53262 RUSSIA AND THE NEWLY INDEPENDENT STATES PROGRAM SERVICE RESEARCH/CONFERENCE 7051 RUSSIA AND THE NEWLY INDEPENDENT STATES PROGRAM SERVICE STUDY ABROAD 57745 SOUTH AMERICA PROGRAM SERVICE FACULTY DEV/CONFEREN 8068 SOUTH AMERICA PROGRAM SERVICE RESEARCH/CONFERENCE 17447 SOUTH AMERICA PROGRAM SERVICE STUDY ABROAD 200921 SOUTH ASIA PROGRAM SERVICE STUDY ABROAD 161768 SOUTH ASIA PROGRAM SERVICE RESEARCH/CONFERENCE 4250 SOUTH ASIA PROGRAM SERVICE STUDENT RECRUITING 6809 SOUTH ASIA PROGRAM SERVICE FACULTY DEV/CONFEREN 13580 SUB-SAHARAN AFRICA PROGRAM SERVICE FACULTY DEV/CONFEREN 2152 SUB-SAHARAN AFRICA PROGRAM SERVICE RESEARCH/CONFERENCE 14770 SUB-SAHARAN AFRICA PROGRAM SERVICE STUDY ABROAD 13107 CENTRAL AMERICA AND THE CARRIBEAN INVESTMENTS 88740350 EUROPE INVESTMENTS 80613467 1 7 1 7 6108255 169996822 176105077 ADDITIONAL INFORMATION SCHEDULE F, PAGE 5, PART V PART I, LINE 3: THE UNIVERSITY ACCOUNTS FOR ALL EXPENDITURES ON AN ACCRUAL BASIS AND MAKES ALL REIMBURSEMENTS UNDER AN ACCOUNTABLE PLAN. AL AR CA FL GA HI IL KS LA MD MN MS MO NJ NM NC ND OH OK OR PA RI TN UT WV WI CT ME TATE LECTURE SE 1723196 722228 1000968 73595 99040 543427 1007134 ATHLETIC FORUM 571337 97023 474314 27314 229905 300033 7535 11 1053204 739943 313261 1931 37627 98769 146645 168092 152625 3347737 1559194 1788543 1931 37627 199678 475590 1011552 1167294 2893672 -1105129 true STUDENT TUITION GRANTS 6802 4713514 122655601 BOOK TUITION, FEES, AND SCHOLARSHIPS ROOM AND BOARD ALLOWANCES PROCEDURES FOR MONITORING THE USE OF GRANT FUNDS INSIDE THE UNITED STATES SCHEDULE I, PAGE 1, PART I, LINE 2 THE UNIVERSITY PROVIDES FINANCIAL AID TO STUDENTS TO ENABLE THEM TO ATTEND THE UNIVERSITY. ALL FINANCIAL AID RECIPIENTS ARE SELECTED ON AN EQUAL OBJECTIVELY DETERMINABLE BASIS WITH OTHER RECIPIENTS. THAT IS, ALL STUDENTS RECEIVING SCHOLARSHIPS AND FELLOWSHIPS ARE JUDGED WORTHY BASED ON THE UNIVERSITY'S ASSESSMENT OF ACADEMIC ACHIEVEMENT, FINANCIAL NEED AND OTHER SIMILAR STANDARDS. A LIST OF RECIPIENTS OF SCHOLARSHIPS AND FELLOWSHIPS IS ON FILE AT THE UNIVERSITY IN THE FINANCIAL AID OFFICE. X X X X X X true true X X X X X X false false false true false false false false false R GERALD TURNER 560993 66745 249875 121336 998949 LINDA EADS 137853 1301 14049 15177 168380 PAUL W LUDDEN 375629 17064 24500 10675 427868 MICHAEL A CONDON 336916 20733 16588 24500 58935 457672 BRAD E CHEVES 300957 25353 24500 12965 363775 PAUL WARD 301643 16241 49500 11665 379049 CHRISTINE REGIS 293394 14790 21079 9121 338384 THOMAS E BARRY 244999 21309 24500 13465 304273 LORI S WHITE 212842 10930 21892 10057 255721 ALBERT NIEMI JR 475801 9304 24500 16267 525872 PETER MOORE 176343 529 16062 15673 208607 JUNE JONES 1686717 82500 18204 24500 13168 1825089 MATTHEW DOHERTY 554447 10000 13289 24500 21038 623274 WILLIAM DILLON 426923 2734 24500 21193 475350 STEVEN ORSINI 385583 16137 16285 24500 21110 463615 MIGUEL QUINONES 401521 8909 292 19575 17396 447693 AMIT BASU 328675 883 24500 21003 375061 THOMAS TUNKS 184370 3538 18807 7672 214387 S LEON BENNETT 166478 13393 16800 7465 204136 FRINGE OR EXPENSE EXPLANATION SCHEDULE J, PAGE 1, PART I, LINE 1A THE UNIVERSITY'S TRAVEL POLICY PROVIDES THAT TRAVEL EXPENSES INCURRED BY SPOUSES ARE NOT REIMBURSABLE UNLESS THE SPOUSE IS TRAVELING FOR A BONA FIDE BUSINESS PURPOSE AND THE TRAVEL HAS BEEN APPROVED. ANY EXCEPTIONS TO THE POLICY REQUIRE APPROVAL BY THE APPROPRIATE UNIVERSITY OFFICER. ALL SPOUSAL TRAVEL IS PROCESSED UNDER THE PROVISIONS OF THE TAX DEPARTMENT'S SPOUSAL TRAVEL POLICY WHICH PROVIDES FOR EVALUATING THE TAXABLE COMPONENT, IF ANY, OF THE TRAVEL AND THE APPROPRIATE TAX TREATMENT AND REPORTING. APPROPRIATE APPROVALS IN ACCORDANCE WITH POLICY ARE REQUIRED PRIOR TO REIMBURSEMENT. ALL GROSS-UP PAYMENTS HAVE BEEN APPROPRIATELY APPROVED IN ACCORDANCE WITH UNIVERSITY POLICY PRIOR TO PAYMENT. THE PRESIDENT IS REQUIRED UNDER HIS EMPLOYMENT CONTRACT TO RESIDE IN THE UNIVERSITY PROVIDED RESIDENCE. THERE IS A POLICY REGARDING REVIEW/APPROVAL OF SOCIAL CLUB DUES. THE UNIVERSITY HAS ESTABLISHED A REPORTING PERIOD OF NOVEMBER 1 THROUGH OCTOBER 31 FOR REPORTING PERSONAL USE OF A CLUB AND CALCULATING THE PERSONAL PORTION OF DUES THAT SHOULD BE REPORTED AS TAXABLE INCOME. ANY PERSONAL CHARGES AT SOCIAL CLUBS ARE REIMBURSED TO THE UNIVERSITY WHEN THE BILLING IS RECEIVED, PRIOR TO PAYMENT. THE UNIVERSITY PROVIDES SERVICES SUCH AS LANDSCAPING AND RESIDENTIAL REPAIRS AND MAINTENANCE FOR THE PRESIDENT'S RESIDENCE, CONSIDERING THEM NECESSARY AND APPROPRIATE FOR HIS USE OF THE FACILITY FOR BUSINESS FUNCTIONS, AND SINCE IT IS A UNIVERSITY OWNED ASSET. THE UNIVERSITY'S TRAVEL POLICY PROVIDES THAT EMPLOYEE BUSINESS TRAVEL SHOULD BE MADE AT THE LOWEST PRACTICABLE COACH FARES. THERE WERE TWO INSTANCES WHERE AN OFFICER TRAVELLED FIRST CLASS INSTEAD OF COACH. THE TWO EXCEPTIONS WERE WHEN (1) THE FIRST CLASS FARE WAS CHEAPER THAN COACH; AND (2) THE ONLY SEAT AVAILABLE ON THE FLIGHT WAS IN THE FIRST CLASS SECTION. BOTH EXCEPTIONS WERE APPROVED BY THE APPROPRIATE UNIVERSITY PARTY BASED ON THE FACTS AND CIRCUMSTANCES OF THE EXCEPTIONS. COMPENSATION CONTINGENT UPON REVENUES OF ORGANIZATION SCHEDULE J, PAGE 1, PART I, LINE 5A THERE IS ONE PERSON LISTED IN FORM 990, PART VII, WHO RECEIVED AN INCENTIVE COMPENSATION BONUS. THE ELIGIBILITY FOR AND THE AMOUNT OF THE PAYMENT IS DETERMINED BY TWO COMPONENTS: A QUANTITATIVE MEASURE OF THE PERFORMANCE OF THE UNIVERSITY'S INVESTMENT POOL AGAINST AN APPROPRIATE BENCHMARK AND A QUALITATIVE MEASURE BASED ON FACTORS SUCH AS RISK MITIGATION, QUALITY OF DECISION MAKING AND CONTRIBUTIONS TO ADVANCEMENT OF THE ENDOWMENT. 2003 SOUTHWEST HIGHER EDUCATION 521442059 845040FB5 2003-12-18 30470393 false false false 2007 SOUTHWEST HIGHER EDUCATION 521442059 845040GD0 2007-02-14 100890740 false false false 2009 SOUTHWEST HIGHER EDUCATION 521442059 845040HG2 2009-10-01 162035907 false false false 2010 SOUTHWEST HIGHER EDUCATION 521442059 845040JB1 2010-10-28 124998461 false false false 4380000 32053295 367331 428612 303315 30954037 2010 false false true true 1835000 112371227 3024986 45088654 922858 384931 74356 false true false true 2000000 162036523 1232407 65991267 169978 true false false true 126349796 1091820 3995858 120337352 false false false true false false true false true 0.02100 0.02100 true false false true true true 0.01650 0.01650 true false false true true true 0.00760 0.00760 true false false false false true true false false false false true false false false false false false false false false false false false true false false false false false true PURPOSE OF ISSUE DESCRIPTION SCHEDULE K 2003 SOUTHWEST HIGHER EDUCATION RENOVATION CONSTRUCTION OF EDUCATIONAL FACILITY AND RELATED PARKING FACILITY 2007 SOUTHWEST HIGHER EDUCATION ADVANCE REFUND DEFEASE A PORTION OF PRINCIPAL ON THE 1999A 12099 AND 2002 732002 BONDS 2009 SOUTHWEST HIGHER EDUCATION FINANCE NEW MONEY PROJECTS AND CURRENTLY REFUND THE 1999D 1201999 AND THE 2006 312006 BONDS 2010 SOUTHWEST HIGHER EDUCATION FINANCE NEW MONEY PROJECTS ADDITIONAL INFORMATION SCHEDULE K 2003 SOUTHWEST HIGHER EDUCATION PART II LINE 3 COLUMN A B C D TOTAL PROCEEDS INCLUDE INVESTMENT PROCEEDS PART II LINE 6 COLUMN B A PORTION OF THE REFUNDING ESCROW USED TO REDEEM THE 2002 BONDS IS STILL OUTSTANDING AS OF 5312011 REDEEMED THE 1999A BOND WITH PROCEEDS 43645000 ON 10012009 PART II LINE 13 COLUMN B THE SERIES 2007 BONDS WERE REFUNDING BONDS THERE WERE NO NEW PROJECTS FOR WHICH A YEAR OF SUBSTANTIAL COMPLETION WOULD NEED TO BE REPORTED PART II LINE 17 COLUMN B CD THE UNIVERSITY HAS MAINTAINED ADEQUATE BOOKS AND RECORDS FOR THE ALLOCATIONS MADE TO DATE SMU ALWAYS MAINTAINS ADEQUATE BOOKS AND RECORDS WHEN THE FINAL ALLOCATIONS ARE MADE PART IV LINE 4D COLUMN A B C D THE UNIVERSITY DID NOT INVEST IN A GIC PART IV LINE 6 COLUMN C D THE UNIVERSITY REASONABLY EXPECTS TO MEET THE SPENDING REQUIREMENTS WITHIN THE REQUIRED TIMEFRAME OFFICER DAUGHTER 42890 TUITION WAIVER ADDITIONAL INFORMATION SCHEDULE L PART V PART III THE AMOUNT REPORTED REPRESENTS A TUITION WAIVER THE TUITION WAIVER WAS GRANTED ON THE SAME BASIS AS TO ANY OTHER BENEFITELIGIBLE EMPLOYEE OF THE UNIVERSITY X 5 90822 MARKET OR APPRAISAL X 1 800 MARKET OR APPRAISAL X 55185 MARKET OR APPRAISAL X 71 6956651 MARKET OR APPRAISAL X 1 59900 MARKET OR APPRAISAL X 1 1 MARKET OR APPRAISAL X COMPUTER EQUIP 5 44402 MARKET OR APPRAISAL X DINNER EVENTS 5 9057 MARKET OR APPRAISAL X EVENT TICKETS 1564 167508 MARKET OR APPRAISAL 39 false true true THIRD PARTY USED TO PROCESS NONCASH CONTRIBUTIONS SCHEDULE M, PAGE 1, PART I, LINE 32B SOUTHERN METHODIST UNIVERSITY HIRES EXTERNAL BROKERS AND APPRAISERS AS DEEMED APPROPRIATE. ADDITIONAL INFORMATION FORM 990 PART IV, LINE 12: THE UNIVERSITY DID NOT RECEIVE A SEPARATE AUDITED FINANCIAL STATEMENT. HOWEVER, THE UNIVERSITY'S CONSOLIDATED FINANCIAL STATEMENTS INCLUDING THE BALANCE SHEET AND RELATED STATEMENTS OF ACTIVITIES AND CASH FLOWS WERE AUDITED IN ACCORDANCE WITH GAAP AND WERE REPORTED ON A CONSOLIDATED BASIS. PART IV, LINE 24B: THE UNIVERSITY PLANS TO SPEND PROCEEDS WITHIN THE TEMPORARY PERIOD EXCEPTION, BUT IN CASES WHEN IT DOES NOT, IT PREPARES THE APPROPRIATE ARBITRAGE REPORTING AND REMITS ANY EXCESS EARNINGS OVER THE ARBITRAGE YIELD TO THE GOVERNMENT. PART IV, LINE 24C: THE UNIVERSITY RECEIVED A DONATION RESTRICTED FOR PROJECTS FUNDED BY BONDS WHICH WAS PUT INTO ESCROW UNTIL THE EARLIEST OPTIONAL REDEMPTION DATE. ALL OTHER ACHIEVEMENTS DESCRIPTION FORM 990, PAGE 2, PART III, LINE 4D ORGANIZED ACTIVITIES: ORGANIZED ACTIVITIES MAKE AVAILABLE TO THE PUBLIC VARIOUS RESOURCES THAT EXIST WITHIN THE UNIVERSITY SUCH AS SEMINARS, CONFERENCES AND CAMPS. FINANCIAL ACCOUNTS IN FOREIGN COUNTRIES FORM 990, PART V, LINE 4B UNITED KINGDOM, FRANCE ADDITIONAL INFORMATION FORM 990, PART VI SECTION B, LINE 14: SOUTHERN METHODIST UNIVERSITY DOES NOT HAVE A UNIVERSITY-WIDE RETENTION POLICY, BUT DEPARTMENTS WITHIN THE UNIVERSITY HAVE RETENTION AND DESTRUCTION POLICIES THAT REFLECT LEGISLATIVE OR OTHER LEGAL REQUIREMENTS AND GOOD BUSINESS PRACTICES. RELATED PARTY INFORMATION AMONG OFFICERS FORM 990, PAGE 6, PART VI, LINE 2 R. GERALD TURNER ALAN FELD PRESIDENT TRUSTEE BUSINESS RELATIONSHIP R. GERALD TURNER RAY HUNT PRESIDENT TRUSTEE BUSINESS RELATIONSHIP JEANNE PHILLIPS RAY HUNT TRUSTEE TRUSTEE BUSINESS RELATIONSHIP LAURA BUSH RUTH ALTSHULER TRUSTEE TRUSTEE BUSINESS RELATIONSHIP DECISIONS SUBJECT TO APPROVAL OF MEMBERS FORM 990, PAGE 6, PART VI, LINE 7B PURSUANT TO THE RESTATED ARTICLES OF INCORPORATION OF SMU, CAMPUS PROPERTY MAY BE SOLD OR LEASED ONLY WITH THE CONSENT OF THE SOUTH CENTRAL JURISDICTIONAL CONFERENCE OF THE UNITED METHODIST CHURCH. ORGANIZATION'S PROCESS USED TO REVIEW FORM 990 FORM 990, PAGE 6, PART VI, LINE 11B THE COMPLETED FORM 990 IS PROVIDED TO THE AUDIT COMMITTEE OF THE BOARD OF TRUSTEES SUFFICIENTLY IN ADVANCE OF THE FILING DEADLINE TO ENABLE A DETAILED AND CONSCIENTIOUS REVIEW BY THE COMMITTEE. ALL QUESTIONS, CONCERNS, ETC. OF THE AUDIT COMMITTEE ARE ADDRESSED BY THE UNIVERSITY AND INCORPORATED INTO THE FORM 990 AS REQUIRED. THE FORM 990 IS ALSO PLACED ON A SECURE WEBSITE FOR ALL MEMBERS OF THE GOVERNING BODY WHO ARE NOTIFIED WHEN IT IS READY FOR REVIEW. ENFORCEMENT OF CONFLICTS POLICY FORM 990, PAGE 6, PART VI, LINE 12C PURSUANT TO SEPARATE BOARD OF TRUSTEES POLICIES RELATING TO TRUSTEES, INCLUDING MEMBERS OF BOARD COMMITTEES AND OFFICERS AND KEY EMPLOYEES WITH ADMINISTRATIVE RESPONSIBILITIES, RESPECTIVELY, EACH COVERED PERSON COMPLETES AN INFORMATION AND DISCLOSURE STATEMENT ANNUALLY. THE DISCLOSURES ARE REVIEWED BY A BOARD COMMITTEE TO DETERMINE WHETHER A MATERIAL CONFLICT OF INTEREST EXISTS OR IS THREATENED. IN THE EVENT OF SUCH A FINDING, SUCH ACTION AS MAY BE NECESSARY IS TAKEN TO ELIMINATE THE CONFLICT OR OTHERWISE SAFEGUARD THE INTEREST OF THE UNIVERSITY. COMPENSATION PROCESS FOR TOP OFFICIAL FORM 990, PAGE 6, PART VI, LINE 15A THE COMPENSATION COMMITTEE OF THE SMU BOARD OF TRUSTEES CONSISTS OF THE CHAIR AND VICE CHAIR OF THE BOARD; A TRUSTEE BISHOP; THE REPRESENTATIVES OF THE SMU ALUMNI ASSOCIATION, THE STUDENTS' ASSOCIATION, AND THE FACULTY SENATE; AND THE CHAIRS OF THE STANDING COMMITTEES OF THE BOARD. THE COMMITTEE REVIEWS AND APPROVES COMPENSATION DECISIONS BASED UPON APPROPRIATE COMPARABILITY DATA AND INCLUDES THE ADVICE OF AN INDEPENDENT COMPENSATION CONSULTANT AND CONTEMPORANEOUS DOCUMENTATION OF THE COMPENSATION DECISIONS. THE COMPENSATION COMMITTEE HAS ALL OF THE POWERS OF THE FULL BOARD IN MATTERS OF COMPENSATION OF CORPORATE OFFICERS; HOWEVER, THE COMPENSATION COMMITTEE REPORTS TO THE FULL BOARD ANY ACTION TAKEN BY THE COMMITTEE. COMPENSATION PROCESS FOR OFFICERS FORM 990, PAGE 6, PART VI, LINE 15B SEE ANSWER IN PART VI, LINE 15A. GOVERNING DOCUMENTS DISCLOSURE EXPLANATION FORM 990, PAGE 6, PART VI, LINE 19 THE ORGANIZATION DOES NOT MAKE ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC. FORM 990, PART VI, LINE 18 - ALL REQUESTS FOR COPIES OF FORM 990 AND 990-T ARE REVIEWED AND PROCESSED BY THE CONTROLLER'S DEPARTMENT OF SOUTHERN METHODIST UNIVERSITY. UPON RECEIVING A WRITTEN REQUEST, THE UNIVERSITY PROVIDES A COPY OF THE REQUESTED DOCUMENTATION WITHIN 30 DAYS FROM THE DATE OF RECEIPT. IF THE REQUEST IS MADE IN PERSON, THE UNIVERSITY PROVIDES THE COPIES ON THE DAY OF THE REQUEST, UNLESS UNUSUAL CIRCUMSTANCES PREVENT THIS IN WHICH CASE THE REQUESTED DOCUMENTATION ARE PROVIDED WITHIN FIVE DAYS AFTER THE DATE OF THE REQUEST. ADDITIONAL INFORMATION FORM 990, PART XI THE AUDIT COMMITTEE FOR SOUTHERN METHODIST UNIVERSITY, THE SUPPORTED ORGANIZATION, IS RESPONSIBLE FOR REVIEWING THE CONSOLIDATED AUDITED FINANCIAL STATEMENTS AND ACCOMPANYING FOOTNOTES. DURING THE AUDIT COMMITTEE MEETING, THE COMMITTEE MEMBERS ARE GIVEN AN OPPORTUNITY TO ASK QUESTIONS OF MANAGEMENT AND THE AUDIT FIRM. SIGNIFICANT TRANSACTIONS ARE HIGHLIGHTED IN THE EXECUTIVE SUMMARY. OTHER CHANGES IN NET ASSETS EXPLANATION FORM 990, PART XI, LINE 5 UNREALIZED GAINS ON INVESTMENTS NOT REPORTED IN PART VIII: 43,575,511 PRIOR PERIOD ADJUSTMENT: 395,084 TOTAL CHANGE IN NET ASSETS 43,970,595 PERUNA HOLDINGS CORPORATION PO BOX 750261 DALLAS TX 752750261 204039621 SUPPORTING TX 509A3 11A SMU false MUSTANG MOCKINGBIRD CORPORATION PO BOX 750261 DALLAS TX 752750261 204216744 SUPPORTING TX 509A3 11A SMU false MUSTANG AIRLINE CORPORATION PO BOX 750261 DALLAS TX 752750261 204217087 SUPPORTING TX 509A3 11A SMU false MUSTANG MOCKINGBIRD PROPERTIES PO BOX 750261 DALLAS TX 752750261 204216534 SUPPORTING TX 509A3 11A SMU false PERUNA PROPERTIES INC PO BOX 750261 DALLAS TX 752750261 752806008 SUPPORTING TX 509A3 11A SMU false PONY PROPERTIES INC PO BOX 750261 DALLAS TX 752750261 200884887 SUPPORTING TX 509A3 11A SMU false SOUTHERN METHODIST UNIVERSITY FOUND PO BOX 750261 DALLAS TX 752750261 200588905 SUPPORTING TX 509A3 11A SMU false THE STADIUM CLUB INC PO BOX 750261 DALLAS TX 752750261 752883207 SOCIAL CLB TX 501C7 NA false SMU CORP PO BOX 750261 DALLAS TX 752750261 264739435 SUPPORTING TX 501C3 11A SMU false CONFERENCE USA 5201 NORTH OCONNOR BLVD SUITE 300 IRVING TX 752750261 364021594 SUPPORTING TX 501C3 11C NA false false false false false false false false false true false true false true true false false true true THE STADIUM CLUB INC M 1000 COST ALL OTHER TRANSACTIONS MARKED YES ABOVE ARE WITH 501(C)(3) ORGANIZATIONS ADDITIONAL INFORMATION SCHEDULE R PART V LINE 2 FOR THE FISCAL YEAR ENDING MAY 31 2011 RENT FROM THE STADIUM CLUB INC TO SMU WAS 1000 THIS AMOUNT WAS DETERMINED IN ORDER TO ALLOW A SIGNIFICANT PORTION OF THE REVENUE FROM THE CLUB TO BE REINVESTED IN IT RATHER THAN INCREASING ANNUAL LEASE PAYMENTS TO SMU