2011-03-10T15:47:54-06:00 2010-06-30 GRANTHAM POOLE ET AL PLLC 1062 HIGHLAND COLONY PARKWAY SUITE RIDGELAND MS 39157 990 2009-07-01 640303069 BELHAVEN UNIVERSITY BELH 6019688778 1500 PEACHTREE STREET JACKSON MS 39202 VIRGINIA HENDERSON 6019688778 2011-02-27 1 Alan Arrington CPA 6014992400 2011-02-26 2009 2016-02-24 21:20:13Z VIRGINIA HENDERSON 1500 PEACHTREE STREET JACKSON MS 39202 42104360 0 X WWW.BELHAVEN.EDU X 1883 MS TO PROVIDE HIGHER EDUCATION 34 34 980 0 0 0 2364894 1932123 34017567 38229367 3807 -9867 570047 789804 36956315 40941427 11124351 13774942 0 14710148 15119579 0 356145 11611877 11833446 37446376 40727967 -490061 213460 45310243 45069565 19659707 18727298 25650536 26342267 BELHAVEN UNIVERSITY PREPARES STUDENTS ACADEMICALLY AND SPIRITUALLY TO SERVE JESUS CHRIST IN THEIR CAREERS, IN HUMAN RELATIONSHIPS, AND IN THE WORLD OF IDEAS. 0 0 36358548 13774942 35614720 EDUCATIONAL AND PROGRAM EXPENDITURES, ACADEMIC AFFAIRS, STUDENT AFFAIRS, SCHOLARSHIPS AND FINANCIAL AID 1590471 3394584 AUXILIARY EXPENSES-DORMITORIES, CAFETERIA, VENDING MACHINES, BOOKSTORE AND POST OFFICE. 37949019 1 1 0 0 0 0 1 0 1 1 0 1 1 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 1 1 0 0 1 57 0 1 980 1 0 0 0 0 0 0 0 0 0 0 0 34 34 0 0 0 0 0 0 0 1 1 0 1 1 0 1 1 1 1 1 1 0 0 X VIRGINIA HENDERSON 6019688778 1500 PEACHTREE STREET jackson MS 39202 ROGER PARROTT 40.00 X X X 255550 0 2640 DANIEL C FREDERICKS 40.00 X X X 131000 0 3081 KEVIN RUSSELL 40.00 X X X 125000 0 0 VIRGINIA HENDERSON 40.00 X X 93000 0 1870 SCOTT LITTLE 40.00 X X 85000 0 0 MIKE ALDRICH 0.50 X 0 0 0 LON ALLISON 0.50 X 0 0 0 JAMES M BATEMAN 0.50 X 0 0 0 CHARLES CANNADA 0.50 X 0 0 0 brock hattox 0.50 X 0 0 0 F BOND CHRISTIE 0.50 X 0 0 0 SCOTT DAWSON 0.50 X 0 0 0 CHARLES DOTY 0.50 X 0 0 0 STEPHEN M EDWARDS 0.50 X 0 0 0 F EARL FYKE III 0.50 X 0 0 0 JIMMY HOOD 0.50 X 0 0 0 WAYNE HUSBAND 0.50 X 0 0 0 EDMUND JOHNSTON 0.50 X 0 0 0 STUART KELLOGG 0.50 X 0 0 0 VERNE KENNEDY 0.50 X 0 0 0 MICHAEL LINDSAY 0.50 X 0 0 0 LIZA C LOOSER 0.50 X 0 0 0 VIRGINIA W MORRIS 0.50 X 0 0 0 MORAN RANDY POPE iii 0.50 X 0 0 0 HUGH POTTS JR 0.50 X 0 0 0 LYNN STRINGER 0.50 X 0 0 0 JOSEPH JOEY STROBLE 0.50 X 0 0 0 GAINES P STURDIVANT 0.50 X 0 0 0 ALAN H WALTERS 0.50 X 0 0 0 DOLPHUS WEARY 0.50 X 0 0 0 CALVIN WELLS 0.50 X 0 0 0 NEWTON WILSON 0.50 X 0 0 0 RICHARD WILSON JR 0.50 X 0 0 0 MARK WINDHAM 0.50 X 0 0 0 WIRT YERGER III 0.50 X 0 0 0 LEISHA PICKERING 0.50 X 0 0 0 AUDREY KELLEHER 40.00 X X 100000 0 0 DON GLEASON 0.50 X 0 0 0 rev david rich 0.50 X 0 0 0 rev jerry young 0.50 X 0 0 0 789550 0 7591 3 0 1 0 MMI DINING SYSTEMS 1000 RED FERN PLACE FLOWOOD MS 39232 PROVIDE FOOD SERVICES TO THE UNIVERSITY 1230455 1 1932123 31206 1932123 tuition and fees 611600 34834783 34834783 auxiliary services 721310 3394584 3394584 38229367 84320 84320 573803 667990 -94187 -94187 -94187 687095 494943 192152 192152 facilities rental 721310 578655 578655 Misc. revenue-Related- 900099 18997 18997 597652 40941427 39009304 0 0 13774942 13774942 789550 185000 479550 125000 11757306 11297049 355063 105194 420643 384945 27981 7717 1305848 1195025 86865 23958 846232 774415 56291 15526 33035 33035 26401 19544 6857 535 535 753829 753829 3655 3655 156062 156062 1445562 1445562 284115 196862 75620 11633 927104 927104 1877911 1877911 365687 365687 Misc Contract Services 1616740 1611931 200 4609 athletic dept other exp 819403 819403 Book Purchases 719753 719753 Telephone Expenses 343685 343685 Facility Supplies 307564 307564 2152405 1735204 361550 55651 40727967 37949019 2422803 356145 65883 1506963 1336501 338512 2862130 2895424 1552756 1475291 235917 217917 2227897 2194311 257281 215863 168813 151861 57344649 25167203 33101357 32177446 3488104 3839698 13604 56279 45310243 45069565 751134 1525294 285169 16114823 15160563 1794854 1012703 713727 1028738 19659707 18727298 X 19050450 19462440 2862593 2975153 3737493 3904674 25650536 26342267 45310243 45069565 X 0 1 1 X 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 152000 X X DISPLAYED IN UNIV LIBRARY 0 3300397 119243 374737 -152250 -19544 3622583 3916109 98665 -597974 -102243 -14159 -3300397 0.99000 0.01000 1 0 204791 204791 44163149 14606825 29556324 10291524 8165711 2125813 2685185 2394667 290518 32177446 equity securities 2095222 F corporate bonds 1394833 F government bonds 75064 F real estate 188007 C other 86572 F 3839698 Refundable Security Deposit 174849 Deposits Held in Custody 13323 Refundable student payments and pre 840566 1028738 40941427 40727967 213460 378828 99443 478271 691731 41914642 378828 594387 973215 40941427 0 40941427 41222911 494944 494944 40727967 0 40727967 Part V, Line 4: Description of Intended Use of Endowment Funds: ORGANIZATION'S ENDOWMENT FUNDS ARE USED TO FUND SCHOLARSHIPS. Part X: Description of Uncertain Tax Positions Under FIN 48: THE UNIVERSITY HAS ADOPTED THE PROVISIONS OF FASB ASC TOPIC 740-10, INCOME TAXES. MANAGEMENT BELIEVES IT HAS NO MATERIAL UNCERTAIN TAX POSITIONS OR ANY RELATED PENALTIES AND INTEREST TO ACCRUE FOR THE YEAR ENDED JUNE 30, 2010, AND ACCORDINGLY, THERE IS NO LIABILITY FOR UNRECOGNIZED TAX BENEFITS. THE UNIVERSITY FILES IRS FORM 990 ANNUALLY WITH THE FEDERAL GOVERNMENT AND IS STILL OPEN TO EXAMINATION BY TAXING AUTHORITIES FOR FISCAL YEAR 2007 AND LATER. Part XI, Line 8 - Other Adjustments: Change in Split Interest Agreement : 99444. rounding: -1. Part XII, Line 2d - Other Adjustments: change in split interest: 99444. cost of goods sold on line 10b page 1: 494943. Part XIII, Line 2d - Other Adjustments: COST OF GOODS SOLD SHOWN ON LINE 10b PAGE 1: 494943. rounding: 1. 1 1 1 THE NONDISCRIMINATORY POLICY IS STATED IN ALL BROCHURES, CATALOGS, ETC. THAT ARE DISTRIBUTED TO STUDENTS, PROSPECTIVE STUDENTS AND OTHERS. 1 1 1 1 0 0 0 0 0 0 0 0 1 0 BELHAVEN COLLEGE RECEIVED FINANCIAL AID FROM THE U S DEPARTMENT OF EDUCATION. EXPENDITURES OF FEDERAL AWARDS FOR THE YEAR ENDED JUNE 30, 2010 WERE $32,963,027 1 1 SCHOLARSHIPS AND STUDENT WAGES 3561 13774942 Procedure for Monitoring Grants in the U.S.: Part I, Line 2: Schedule I, Part I, Line 2: ORGANIZATION MAINTAINS STUDENT FINANCIAL AID RECORDS AND FOLLOWS APPROPRIATE SELECTION CRITERIA FOR ALL GRANTS AND ASSISTANCE AWARDED TO STUDENTS. ORGANIZATION HAS AN ANNUAL COMPLIANCE AUDIT CONDUCTED IN ACCORDANCE WITH OMB CIRCULAR A-133 EACH YEAR. FOR THE YEAR ENDED 6/30/10, THE AUDIT REPORTED THAT THE ORGANIZATION COMPLIED, IN ALL MATERIAL RESPECTS, WITH THE COMPLIANCE REQUIREMENTS OF ITS MAJOR FEDERAL PROGRAMS. X X 1 1 X X X 0 0 0 0 0 0 0 0 0 ROGER PARROTT 176550 0 0 0 79000 0 0 0 2640 0 258190 0 253340 0 Part I, Line 1a THE PRESIDENT OF THE ORGANIZATION HAS A DISCRETIONARY SPENDING ACCOUNT AS WELL AS A HOUSING ALLOWANCE AS AN ORDAINED MINISTER. MISSISSIPPI BUSINESS FINANCE CORPORATION 640679132 NONEAVAIL 2008-08-12 16750000 REFUNDING OF 2001 AND 2004 BOND ISSUES, CAMPUS IMPROVEMENTS, PAY OTHER DEBT 0 0 16750000 14140850 338512 211480 2059158 2010 1 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 DR ROGER PARROT HOUSING LOAN X 245000 182000 0 1 1 VIRGINIA HENDERSON HOUSING LOAN X 23000 11917 0 1 1 DANIEL FREDERICKS HOUSING LOAN X 60000 24000 0 1 1 217917 GAINES P STURDIVANT MEMBER OF BOAR PRESIDENT OF MISS MANAGEMENT INC./MMI DINING SYSTEMS, LLC-SERVICES TO UNIV 1230455 MMI DINING SYSTEMS, LLC PROVIDES FOOD SERVICES TO THE UNIVERSITY 0 X church organ 1 11500 FMV X fabric supplies 1 3000 FMV X stone for rehearsal hall fireplace 1 7500 fmv X marketing services 1 2056 fmv X used tractor and mower 1 7150 fmv 0 1 0 Form 990, Part VI, Section B, line 11 A COPY OF FORM 990 IS SENT VIA EMAIL TO EACH MEMBER OF THE EXECUTIVE COMMITTEE, WHICH IS DELEGATED BY THE BOARD TO REVIEW AND APPROVE FORM 990 BEFORE IT IS FILED. Form 990, Part VI, Section B, line 12c THE ORGANIZATION REGULARLY AND CONSISTENTLY MONITORS AND ENFORCES ITS CONFLICT OF INTEREST POLICY BY REQUIRING ALL TRUSTEES AND OFFICERS TO COMPLETE AN ANNUAL CONFLICT OF INTEREST DISCLOSURE QUESTIONNAIRE. THE QUESTIONNAIRE IS REVIEWED BY THE EXECUTIVE COMMITTEE AND THE PRESIDENT. Form 990, Part VI, Section B, line 15a THE COMPENSATION OF THE PRESIDENT IS REVIEWED AND APPROVED BY THE EXECUTIVE COMMITTEE. THE PRESIDENT REVIEWS AND APPROVES COMPENSATION OF TOP MANAGEMENT AND OTHER EMPLOYEES. Form 990, Part VI, Section C, line 18 THE ORGANIZATION'S FORM 990 IS AVAILABLE FOR PUBLIC INSPECTION UPON REQUEST. Form 990, Part VI, Section C, line 19 THE ORGANIZATION PROVIDES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS TO THE PUBLIC UPON REQUEST. Form 990, Part XI, Line 2C ORGANIZATION HAS MADE NO CHANGES TO ITS OVERSIGHT OR SELECTION PROCESS. ORGANIZATION HAS A COMMITTEE RESPONSIBLE FOR THE OVERSIGHT OF THE AUDIT. BELHAVEN COLLEGE FOUNDATION 1500 PEACHTREE ST JACKSON MS 39202 640887036 TO PROVIDE ASSISTANCE TO BELHAVEN UNIVERSITY MS 501(C)3 EXEMPT 0 0 0 1 0 0 0 0 0 0 1 1 1 1 0 0 0 0 DUE FROM BELHAVEN COLLEGE FOUNDATION D 2194311