2011-04-13T14:13:25-05:00 2010-05-31 CROSSLIN & ASSOCIATES PC 2525 WEST END SUITE 1100 NASHVILLE TN 37203 990 2009-06-01 620465076 BELMONT UNIVERSITY BELM 6154606404 1900 BELMONT BLVD NASHVILLE TN 37203 STEVE LASLEY 2011-04-12 true RICHARD M WINSTEAD 6153205500 2009 2016-02-24 21:20:13Z DAVID RUNYAN CFO 1900 BELMONT BLVD NASHVILLE TN 37212 161038426 false X WWW.BELMONT.EDU X 1951 TN BELMONT UNIVERSITY IS A PRIVATE, COEDUCATIONAL INSTITUTION FOCUSED PRINCIPALLY ON UNDERGRADUATE AND POST-GRADUATE EDUCATION TO THE INTEGRATION OF CHRISTIAN FAITH AND PRACTICE WITH ACADEMIC EXCELLENCE. 46 46 2650 800 377743 -1321202 8609289 5856246 120389593 134513022 -436023 1011155 4532947 4298468 133095806 145678891 16258759 19045578 0 0 57728485 65073322 0 0 2276377 42625393 35539285 116612637 119658185 16483169 26020706 300890612 354831961 102041613 121752575 198848999 233079386 BELMONT UNIVERSITY IS A PRIVATE, COEDUCATIONAL INSTITUTION FOCUSED PRINCIPALLY ON UNDERGRADUATE AND POST-GRADUATE EDUCATION TO THE INTEGRATION OF CHRISTIAN FAITH AND PRACTICE WITH ACADEMIC EXCELLENCE. false false 69587604 19045578 118845827 INSTRUCTION - INSTRUCTION IS PROVIDED TO MORE THAN 5,000 STUDENTS, OFFERING MORE THAN 65 UNDERGRADUATE AND GRADUATE ADACEMIC PROGRAMS THROUGH ITS SEVEN COLLEGES AND SCHOOLS. 15221998 11850316 STUDENT SERVICES - STUDENT SERVICES ARE PROVIDED TO MORE THAN 5,000 STUDENTS ENROLLED IN THE SEVEN COLLEGES AND SCHOOLS. THIS PROGRAM REVENUE IS USED TO PROVIDE FOR ALL ATHLETIC PROGRAMS AT THE UNIVERSITY, AS WELL AS RESIDENCE LIFE, STUDENT ORGANIZATIONS, GREEK LIFE, BELMONT CENTRAL, ADMISSIONS, THE REGISTRAR, AND STUDENT FINANCIAL SERVICES. 12640295 3816879 AUXILIARY SERVICES - AUXILIARY SERVICES ARE OPERATED FOR THE CONVENIENCE OF MORE THAN 5,000 STUDENTS AND MORE THAN 700 FACULTY AND STAFF. SERVICES INCLUDE, BUT ARE NOT LIMITED TO, THE UNIVERSITY BOOKSTORE, THE CURB EVENT CENTER, AND THE BEAMAN STUDENT LIFE CENTER. 97449897 true true false false false false true false true true true false true false false false false false false false false false true true true false false false false false true false false false false false false false false false false false false false true 300 0 true 2650 true true true false false false false true true false false false 46 46 false false false false false false false true true false false true true true true true true true true false X DAVID RUNYAN 6154606400 1900 BELMONT BLVD NASHVILLE TN 37212 RANDALL BASKIN 1.0 X JACK BENZ 1.0 X LEE BEAMAN 1.0 X CATHERINE BIRD 1.0 X TB BOYD 1.0 X DAN CROCKETT 1.0 X MARTY DICKENS 1.0 X DAN FOUTCH 1.0 X MIKE GLENN 1.0 X BRENDA GILMORE 1.0 X CORDIA HARRINGTON 1.0 X JANICE HELLMAN 1.0 X STEVE HEWLETT 1.0 X JIM HOLLEMAN 1.0 X STEVE HORRELL 1.0 X GORDON INMAN 1.0 X MILTON JOHNSON 1.0 X DON JONES 1.0 X HELEN KENNEDY 1.0 X RON KNOX 1.0 X KEVIN LAVENDER 1.0 X BUREON LEDBETTER 1.0 X CYNTHIA LEU 1.0 X DREW MADDUX 1.0 X BRUCE MAXWELL 1.0 X CAROLYN MCAFEE 1.0 X STUART MCWHORTER 1.0 X JIM OMER 1.0 X LARRY OTIS 1.0 X ANDREA OVERBY 1.0 X CAROLYN PATTON 1.0 X JIM REDD 1.0 X CAROLINE ROTCHFORD 1.0 X JON ROEBUCK 1.0 X BARBARA MASSEY ROGERS 1.0 X JOE RUSSELL 1.0 X JOE SCARLETT 1.0 X DANA SHERRARD 1.0 X MIKE SMITH 1.0 X DON TURNER 1.0 X TERRY TURNER 1.0 X PAUL WALKER 1.0 X ROBERT WHISENANT 1.0 X JIM WILKERSON 1.0 X BRYAN WILLIAMS 1.0 X MARK WRIGHT 1.0 X ROBERT C FISHER 60.0 X 675266 0 187420 STEVEN T LASLEY 50.0 X 207600 0 8888 BETHEL THOMAS 50.0 X 197100 0 6024 JASON ROGERS 50.0 X 196451 0 7884 MARCIA MCDONALD 50.0 X 215372 0 4967 SUSAN WEST 50.0 X 134287 0 7884 TODD LAKE 40.0 X 156989 0 7884 PHILIP JOHNSTON 40.0 X X 223587 0 7884 JAMES RAINES 40.0 X X 205531 0 7884 JEFFREY CORNWALL 40.0 X X 202046 0 6015 RICHARD BYRD 40.0 X 434807 0 89867 ANTHONY CROSS 40.0 X 172416 0 3716 3021452 0 346317 12 false true false R C MATTHEWS CONTRACTOR LLC PO BOX 24687 NASHVILLE TN 37202 CONTRACTOR 22663676 SODEXHO P O BOX 905374 CHARLOTTE TN 28290 FOOD SERVICE 4873126 EARL SWENSSON AND ASSOCIATES 2100 WEST END AVENUE STE 12 NASHVILLE TN 37203 ARCHITECTURAL SVCS 1172963 MCCARTHY JONES WOODARD PO BOX 40445 NASHVILLE TN 37204 WHOLESALER 1146078 SUNTRUST BANK PO BOX 4418 ATLANTA GA 30302 FINANCIAL SERVICES 1057110 5 1337059 4519187 5856246 TUITION AND FEES - INSTRUCTION 118055277 118055277 RESIDENCE HALLS-STUDENT SERVICES 10793185 10793185 CONFS/SEMINARS/WORKSHOPS/SUMMER PGMS-AUXILIARY 3816879 3816879 ATHLETIC DEPARTMENT-STUDENT SERVICES 1057131 1057131 STUDIES ABROAD-INSTRUCTION 790550 790550 134513022 1673271 1673271 0 0 174220 174220 174220 174220 11901103 12563219 -662116 -662116 -662116 0 0 3992746 2796316 1196430 1196430 CAFETERIA 111000 2517845 2517845 CURB EVENTS CENTER 711300 377743 377743 TRUST INCOME 32230 32230 2927818 145678891 134545252 377743 4899650 0 19045578 19045578 0 0 2903429 1183155 1720274 0 50883460 42738569 6669069 1475822 1582801 1299140 274561 9100 6010575 3288677 2437753 284145 3693057 2950783 641377 100897 0 53221 53221 80050 80050 0 0 0 0 1291576 1270323 262 20991 1811050 1526865 178732 105453 0 0 4734432 1014009 3703624 16799 3152556 2942442 197203 12911 0 40107 8056 759 31292 2568913 2568913 0 6269519 5782953 486566 739480 369740 369740 REPAIRS & MAINTENANCE 2329146 1751713 577433 DUES AND SUBSCRIPTIONS 1999163 1957181 34253 7729 PROFESSIONAL/CONTRACT SERVICES 1867688 1120861 718527 28300 EQUIPMENT 1450759 1097413 349064 4282 REFRESHMENTS 1288371 601391 545821 141159 5863254 4932135 893622 37497 119658185 97449897 19931911 2276377 7128 7250 13770097 26933797 8642813 7952005 1293686 1675498 200000 200000 3439141 3441612 666903 803793 1067607 640298 312245927 73509367 204707885 238736560 65707715 73357238 1387637 1083910 300890612 354831961 11890921 15041185 1769197 1627180 66500000 83800000 17941268 17221082 3940227 4063128 102041613 121752575 X 124612479 153684519 22036404 26160006 52200116 53234861 198848999 233079386 300890612 354831961 X false true true X true true X false false false RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 379550 X X X false 57630761 1194093 8430871 1713811 65541914 73889757 1805398 -16495678 1568716 57630761 0.00095 0.00812 0.00093 false false 16027139 16027139 207788303 40600048 167188255 0 0 0 30472807 22635478 7837329 57957678 10273841 47683837 238736560 0 INTEREST RATE SWAP 4063128 4063128 145678891 119658185 26020706 8209681 8209681 34230387 129079833 -19045578 -19045578 148125411 -2446520 -2446520 145678891 103408923 2796316 2796316 100612607 19045578 19045578 119658185 SCHEDULE D PART III LINE 4 ART COLLECTION DESCRIPTION The collection consists of 2 Yemini Scrolls from the mid 19th century (approximately 150-175 years old) that were given to the University 3-4 years ago. They are synagogue Torah scrolls, hand-written on parchment. They are stored in an archive room in the library - since they cannot be kept in Fidelity Hall because of steam heat. Occasionally they are used in classes to show them to students and talk about their characteristics and significance. Three replica statues were purchased by the University and are placed throughout the campus in an effort to help the campus appear as it may have looked back when the mansion was originally built. Additionally, the University purchased several pieces of art work that are placed in the Gordon Inman Building. They were bought to enhance the appearance of the interior since the building would be used for various gatherings by the President and Senior Leadership. A majority of the value of the collection lies in the value of the scrolls. (total value of the collection on the books equals $217,050 and the value of the scrolls on the books is $162,500.) SCHEDULE D PART V LINE 4 ENDOWMENT FUND USE The Investment Advisory Committee feels that grants to be made in the future are as important as grants made today. This is consistent with the philosophy that this Endowment is to exist in perpetuity, and therefore, should provide for grant making in perpetuity. To attain this goal, the overriding objective of this fund is to maintain purchasing power. That is, net of spending, the objective is to grow the aggregate portfolio value at the rate of inflation over the Foundation investment horizon. SCHEDULE D PART XII LINE D $19,045,278 SCHOLARSHIP EXPENSE SHOWN ON BOOKS AS REVENUE OFFSET, REPORTED ON TAX RETURN AS EXPENSE SCHEDULE D PART XII LINE 4B THE SUM OF: $(2,796,316) BOOKSTORE & VENDING MACHINES/SNACK BAR COST OF GOODS SOLD INCLUDED IN EXPENSES ON BOOKS NETTED AGAINST GROSS INCOME FROM SALES OF INVENTORY ON THE TAX RETURN $1,194,093 ADDITIONAL CONTRIBUTIONS REPORTED AS NON-OPERATING REVENUE ON BOOKS $(662,116)REALIZED LOSS $(1,554,463) ENDOWMENT SPENDING PAYOUT $1,372,282 OTHER INTEREST/DIVIDEND INCOME SCHEDULE D PART XIII LINE 2D $2,796,316 BOOKSTORE & VENDING MACHINES/SNACK BAR COST OF GOODS SOLD INCLUDED IN EXPENSES ON BOOKS NETTED AGAINST GROSS INCOME FROM SALES OF INVENTORY ON THE TAX RETURN SCHEDULE D PART XIII LINE 4B $19,045,578 SCHOLARSHIP EXPENSE SHOWN ON BOOKS AS REVENUE OFFSET, REPORTED ON TAX RETURN AS EXPENSE ADJUSTMENT TO PRIOR YEAR ENDOWMENT INFORMATION FORM 990, SCHEDULE D, PART V THE 2008 FORM 990 SCHEDULE D INCLUDED A LOSS OF 18,161,405 IN LINE 1E RATHER THAN IN LINE 1C. IN ORDER TO PROVIDE A MORE ACCURATE PRESENTATION, THAT LOSS HAS BEEN RECLASSIFIED FROM LINE 1E TO LINE 1C ON THE CURRENT YEAR RETURN. THIS CHANGE IS ONLY FOR THE PRESENTATION ON THE FORM 990, NO AUDITED FINANCIAL FIGURES HAVE BEEN MODIFIED. true true true THE UNIVERSITY INCLUDES A STATEMENT OF ITS RACIALLY NONDISCRIMINATORY POLICY IN ALL BROCHURES AND CATALOGUES WHICH CONTAIN INFORMATION ON STUDENT ADMISSIONS, PROGRAMS, AND SCHOLARSHIPS. IN ADDITION, THE UNIVERSITY INCLUDES A REFERENCE TO THE NONDISCRIMINATORY POLICY IN ITS WRITTEN ADVERTISING TO PROSPECTIVE STUDENTS. true true true true false false false false false false false false true false THE PERKINS LOAN PROGRAM IS A CAMPUSED-BASED PROGRAM PROVIDING FINANCI ASSISTANCE TO ELIGIBLE POSTSECONDARY SCHOOL STUDENTS BASED ON FINANCIA NEED. THE DEPARTMENT OF EDUCATION PROVIDES FUNDS ALONG WITH THE UNIVERSITY WHICH ARE USED TO MAKE LOANS TO ELIGIBLE STUDENTS AT LOW INTEREST RATES. true true NEEDY STUDENTS-STUDENTS ATTENDING BELMONT UNIVERSI 1021 3126601 MERIT AWARDS-STUDENTS ATTENDING BELMONT UNIVERSITY 1394 7788271 ENDOWMENT S/S-STUDENTS ATTENDING BELMONT UNIVERSIT 554 1528116 ATHLETICS-STUDENTS ATTENDING BELMONT UNIVERSITY 232 3666505 TALENT-STUDENTS ATTENDING BELMONT UNIVERSITY 218 671910 SCHEDULE I PART I LINE 2 MONITORING OF GRANT FUNDS Belmont University has a dedicated Grant and Restricted funds accountant who monitors each grant received by the University. It is his job to ensure that all funds are being used properly and within the guidelines set forth by the Grantor. SCHEDULE I PART III ADDITIONAL GRANT PURPOSE INFORMATION Needy Students - Scholarships for students attending Belmont University that demonstrate a financial need through information collected from the DOE on the FAFSA. Merit Awards - Scholarships for students attending Belmont University and are awarded based on the students academic record or demonstrated leadership. Endowment S/S - Scholarships for Students attending Belmont University. There are approximately 266 Endowed scholarships with numerous qualification requirements, ranging from GPA to need. These scholarships are awarded every semester by various departments and schools at the university. Athletics - Scholarships awarded to student-athletes who compete for Belmont University. Talent - Scholarships for students attending Belmont University and are awarded by the School of Music based on performance, audition and/or academic merit. X X X false true X X X true false false false false false false false false ROBERT C FISHER 662967 0 0 0 12299 0 181396 0 6024 0 862686 0 668249 0 STEVEN T LASLEY 197714 0 0 0 9886 0 0 0 8888 0 216488 0 198789 0 BETHEL THOMAS 188000 0 0 0 9100 0 0 0 6024 0 203124 0 189879 0 JASON ROGERS 187842 0 0 0 8609 0 0 0 7884 0 204335 0 186369 0 MARCIA MCDONALD 205837 0 0 0 9535 0 0 0 4967 0 220339 0 0 0 TODD LAKE 150021 0 0 0 6968 0 0 0 7884 0 164873 0 150951 0 RICHARD BYRD 414663 0 0 0 20144 0 83067 0 6800 0 524674 0 410165 0 PHILIP JOHNSTON 212940 0 0 0 10647 0 0 0 7884 0 231471 0 218333 0 JAMES RAINES 195815 0 0 0 9716 0 0 0 7884 0 213415 0 198965 0 JEFFREY CORNWALL 193396 0 0 0 8650 0 0 0 6015 0 208061 0 193509 0 ANTHONY CROSS 166341 0 0 0 6075 0 0 0 3716 0 176132 0 167558 0 REIMBURSEMENT OF EXPENSES FORM 990, SCHEDULE J, PART I, LINE 2 BELMONT UNIVERSITY FOLLOWS A WRITTEN POLICY IN REGARD TO TRAVEL FOR COMPANIONS AND CONTRACTUAL ARRANGEMENTS FOR HEALTH/SOCIAL CLUB DUES/INITIATION FEES. THERE IS NO WRITTEN POLICY IN REGARD TO TAX INDEMNIFICATION AND GROSS-UP PAYMENTS. SEVERANCE PAY FORM 990, SCHEDULE J, LINE 4A HEAD WOMAN'S BASKETBALL COACH (ANTHONY CROSS) RECEIVED TWO MONTHS SEVERANCE AND CAR ALLOWANCE TOTALING $30,800. HEAD WOMAN'S BASKETBALL COACH (CROSS) RECEIVED TWO MONTHS SEVERANCE AND CAR ALLOWANCE TOTALING $30,800 IN FY 2010. WOMAN'S BASKETBALL ASSISTANT COACH (BROWN-WYNN) ALSO RECEIVED TWO MONTHS IN SEVERANCE AND UNEMPLOYMENT COMPENSATION BENEFIT TOTALING $10,108 IN FY10. METRO GOV HEALTH AND EDUCATIONAL FACILITIES BOARD 626139016 592041SJ7 2009-08-11 67000000 REDEMPTION OF PRIOR BONDS false false METRO GOV HEALTH AND EDUCATIONAL FACILITIES BOARD 626139016 2010-01-04 23000000 CONSTRUCTION OF CAMPUS FACILITIES false false 67000000 0 0 0 589890 0 66500000 2005 true false true true 23000000 0 0 0 46974 0 20413664 2010 false false true true false false false false true 0.00000 0.00000 0.00000 true false false false false true 0.00000 0.00000 0.00000 true true true false false false true true false false false ROBERT FISHER REAL ESTATE X 400000 200000 false true true 200000 990 PART VI SECTION A LINE 10 Form 990 is reviewed by the Chief Financial Officer, with copies marked "DRAFT" and then submitted electronically to each member of the audit committee, along with the university president. Return is formally submitted upon completion of review. 990 PART VI SECTION B LINE 12C Compliance is monitored annually with updated forms requested annually. Reviewed by the CHIEF FINANCIAL OFFICER and the OFFICE OF INSTITUTIONAL EFFECTIVENESS. 990 PART VI SECTION B LINE 15 Human Resource Director obtains regional and national data on comparable compensation of similar positions and skill level. Reviewed by search committee with final approval by the university president. Documentation of process and results kept in Human Resources. 990 PART VI SECTION C LINE 19 Governing documents, Conflict of Interest Policy, and Financial Statements made avialable to the public upon request.