Totals
- Total revenue
- $59,144,390
- Total expenses
- $62,530,759
- Contributions and grants received
- $2,196,395
- Grants paid
- $16,987,256
- Program service revenue
- $55,732,257
- Investment income
- $517,465
- Other revenue
- $698,273
- Total assets, end of year
- $82,976,010
- Total liabilities, end of year
- $22,328,153
- Net assets or fund balances, end of year
- $60,647,857
- Program services expenses (Part IX)
- $52,680,918
- Management and general expenses
- $9,348,362
- Fundraising expenses
- $501,479
- Program service expenses (Part III)
- $52,680,918
Program services were 84.2% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1c · Fundraising events
$12,500
-
1e · Government grants (contributions)
$227,855
-
1f · All other contributions, gifts and grants
$1,956,040
-
2a · Program service revenue: TUITION & FEES
total $49,784,525 · related or exempt $49,784,525
-
2b · Program service revenue: AUXILIARY ENTERPRISES
total $364,864 · related or exempt $364,864
-
2c · Program service revenue: HOUSING REVENUE
total $5,582,868 · related or exempt $5,582,868
-
2f · All other program service revenue
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
3 · Investment income
total $470,321 · excluded $470,321
-
6a · Gross rents
real property $332,167
-
6c · Rental income or loss
real property $332,167 · personal property $0
-
6d · Net rental income or loss
total $332,167 · excluded $332,167
-
7a · Gross sales of assets other than inventory
securities $7,720,637
-
7b · Less cost or other basis and sales expenses
securities $7,673,493
-
7c · Gain or loss
securities $47,144 · other assets $0
-
7d · Net gain or loss
total $47,144 · excluded $47,144
-
8a · Fundraising events: gross income
$27,970
-
8a · Fundraising events: contributions included on line 1c
$12,500
-
8b · Fundraising events: direct expenses
$3,028
-
8c · Net income from fundraising events
total $24,942 · excluded $24,942
-
10a · Gross sales of inventory
$64,973
-
10b · Cost of goods sold
$44,228
-
10c · Net income from sales of inventory
total $20,745 · related or exempt $20,745
-
11a · Other revenue: MISCELLANEOUS REVENUES
total $320,419 · related or exempt $320,419
-
11d · All other revenue
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
11e · Other revenue, total
$320,419
Functional expenses
Part IX, the statement of functional expenses.
-
2 · Grants to domestic individuals
total $16,683,673 · program services $16,683,673
-
3 · Grants to foreign organizations and individuals
total $303,583 · program services $303,583
-
4 · Benefits paid to or for members
total $0 · program services $0
-
5 · Compensation of officers, directors and key employees
total $1,281,839 · program services $408,543 · management and general $718,386 · fundraising $154,910
-
7 · Other salaries and wages
total $20,536,662 · program services $18,544,158 · management and general $1,865,204 · fundraising $127,300
-
8 · Pension plan contributions
total $931,383 · program services $845,180 · management and general $57,714 · fundraising $28,489
-
9 · Other employee benefits
total $2,203,975 · program services $2,024,794 · management and general $141,875 · fundraising $37,306
-
10 · Payroll taxes
total $1,495,051 · program services $1,307,869 · management and general $133,655 · fundraising $53,527
-
11b · Fees: legal
total $25,057 · management and general $25,057
-
11c · Fees: accounting
total $147,875 · management and general $147,875
-
11f · Fees: investment management
total $95,310 · management and general $95,310
-
11g · Fees: other
total $3,783,877 · program services $2,988,440 · management and general $795,437 · fundraising $0
-
12 · Advertising and promotion
total $2,173,479 · program services $1,977,225 · management and general $193,863 · fundraising $2,391
-
13 · Office expenses
total $1,455,838 · program services $871,221 · management and general $570,279 · fundraising $14,338
-
14 · Information technology
total $67,869 · fundraising $67,869
-
16 · Occupancy
total $1,834,627 · program services $284,980 · management and general $1,549,647
-
17 · Travel
total $1,220,071 · program services $1,122,202 · management and general $91,505 · fundraising $6,364
-
19 · Conferences, conventions and meetings
total $282,260 · program services $249,527 · management and general $23,748 · fundraising $8,985
-
20 · Interest
total $934,480 · program services $913,400 · management and general $21,080
-
22 · Depreciation, depletion and amortization
total $2,942,907 · program services $2,211,164 · management and general $731,743
-
23 · Insurance
total $616,069 · program services $462,886 · management and general $153,183
-
24a · Other expenses: Repairs & Maintenance
total $1,400,003 · program services $24,212 · management and general $1,375,791
-
24b · Other expenses: Departmental Expenses
total $849,750 · program services $641,043 · management and general $208,707
-
24c · Other expenses: Dues & Subscriptions
total $520,542 · program services $435,841 · management and general $84,701
-
24d · Other expenses: Bad Debt Expense
total $320,719 · management and general $320,719
-
24e · All other expenses
total $423,860 · program services $380,977 · management and general $42,883 · fundraising $0
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $7,738,661 · end of year $1,490,698
-
3 · Pledges and grants receivable
beginning of year $757,431 · end of year $676,698
-
4 · Accounts receivable
beginning of year $1,338,831 · end of year $2,817,828
-
5 · Loans and receivables from officers and key people
beginning of year $0 · end of year $0
-
6 · Loans and receivables from disqualified persons
beginning of year $0 · end of year $0
-
9 · Prepaid expenses and deferred charges
beginning of year $110,782 · end of year $350,381
-
10a · Land, buildings and equipment: cost or other basis
$118,313,636
-
10b · Land, buildings and equipment: accumulated depreciation
$52,415,687
-
10c · Land, buildings and equipment, net
beginning of year $62,580,767 · end of year $65,897,949
-
11 · Investments: publicly traded securities
beginning of year $12,867,100 · end of year $11,575,582
-
12 · Investments: other securities
beginning of year $0
-
13 · Investments: program-related
beginning of year $0
-
15 · Other assets
beginning of year $215,688 · end of year $166,874
-
17 · Accounts payable and accrued expenses
beginning of year $1,647,116 · end of year $1,599,755
-
19 · Deferred revenue
beginning of year $4,385,591 · end of year $5,205,289
-
22 · Loans and payables to officers and key people
beginning of year $0 · end of year $0
-
23 · Secured mortgages and notes payable
beginning of year $14,947,712 · end of year $14,955,633
-
25 · Other liabilities
beginning of year $589,365 · end of year $567,476
-
27 · Net assets without donor restrictions
beginning of year $40,678,125 · end of year $48,110,201
-
28 · Net assets with donor restrictions
beginning of year $23,361,351 · end of year $12,537,656
Mission and programs · 2023
Mission
BELHAVEN UNIVERSITY PREPARES STUDENTS ACADEMICALLY AND SPIRITUALLY TO SERVE JESUS CHRIST IN THEIR CAREERS, IN HUMAN RELATIONSHIPS, AND IN THE WORLD OF IDEAS.
Activities or mission (Part I)
BELHAVEN UNIVERSITY (BELHAVEN) IS A CHRISTIAN LIBERAL ARTS UNIVERSITY DEDICATED TO EXCELLENCE IN CHRISTIAN HIGHER EDUCATION.
-
BELHAVEN UNIVERSITY IS A CHRISTIAN LIBERAL ARTS UNIVERSITY DEDICATED TO EXCELLENCE IN CHRISTIAN HIGHER EDUCATION. BELHAVEN'S RICH LEGACY WITH A CHRISTIAN CURRICULUM IS CENTERED ON THE BIBLICAL WORLDVIEW. THIS UNIQUE WORLDVIEW CURRICULUM SEAMLESSLY INTERTWINES HISTORY, LITERATURE, ART, MUSIC, AND PHILOSOPHY INTO A CHRONOLOGICAL CORE CURRICULUM FOR ALL INCOMING FRESHMEN AND SOPHOMORES. BELHAVEN HAS RECEIVED NATIONAL RECOGNITION FOR ITS ACADEMIC PROGRAMS AND AFFORDABILITY, AND THE COLLEGE HAS EARNED REGIONAL ACCREDITATION BY THE COMMISSION ON COLLEGES OF THE SOUTHERN ASSOCIATION OF COLLEGES AND SCHOOLS (SACS). BELHAVEN IS NATIONALLY ACCREDITED IN ALL FOUR OF THE ARTS: DANCE, MUSIC, THEATRE, AND VISUAL ART. OFFERING 70 AREAS OF STUDY INCLUDING ACADEMIC MAJORS AND CONCENTRATIONS AND A 13:1 STUDENT TO FACULTY RATIO FOR THE TRADITIONAL UNDERGRADUATE PROGRAM, BELHAVEN PROVIDES A CLOSE-KNIT LEARNING COMMUNITY WHERE STUDENTS SEE THE COLLEGE'S VISION AND MISSION LIVED OUT IN THE LIVES OF FACULTY MEMBERS. ACCREDITED ONLINE DEGREE PROGRAMS ARE ALSO AVAILABLE FOR STUDENTS WHO DESIRE DISTANCE LEARNING WITH A CHRISTIAN CURRICULUM. BELHAVEN HAS AN ENROLLMENT OF APPROXIMATELY 6,000 STUDENTS, INCLUDING APPROXIMATELY 3,500 STUDENTS ENROLLED IN ITS NONTRADITIONAL PROGRAM.
Expenses $48,785,719 · Grants $16,987,256 · Revenue $49,784,525
-
AUXILIARY EXPENSES-DORMITORIES, CAFETERIA, VENDING MACHINES, BOOKSTORE AND POST OFFICE.
Expenses $3,895,199 · Revenue $6,288,896
As filed on the 2023 return.
Listed in Part VII
-
CAL WELLS
PAST CHAIRMAN OF THE BOARD
- Total calculated
- $0
- Hours/week
- 1
-
CHARLES CANNADA
VICE CHAIRMAN OF THE BOARD
- Total calculated
- $0
- Hours/week
- 1
-
JAMES HOOD
CHAIRMAN OF THE BOARD
- Total calculated
- $0
- Hours/week
- 1
-
WILL VISE
BOARD SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
ALAN WALTERS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
CHARLES DOTY
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
DOLPHUS WEARY
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
EARL FYKE III
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
FORREST BERRY
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
GAINES STURDIVANT
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
HEATH JORDAN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
JERRY YOUNG
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
KAREN TAYLOR
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
LEISHA PICKERING
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
LIZA CIRLOT LOOSER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
MARK WINDHAM
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
OSCAR JONES
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
PETER JERNBERG
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
RICK WHITLOCK
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
SAM LANE
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
SCOTT CASTLEMAN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
STEVE EDWARDS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
TRAY HAIRSTON
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
VERNE KENNEDY
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
VIRGINIA MORRIS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
WAYNE HUSBAND
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
ROGER PARROTT
PRESIDENT
- Total calculated
- $0
- Hours/week
- 40
-
AUDREY KELLEHER
PROVOST
- Total calculated
- $0
- Hours/week
- 40
-
KEVIN RUSSELL
VP FOR ENROLLMENT & UNIV MKTG
- Total calculated
- $0
- Hours/week
- 40
-
Sheryl VITTITOE
CFO
- Total calculated
- $0
- Hours/week
- 40
-
ERIC HARTER
PROFESSOR
- Total calculated
- $0
- Hours/week
- 40
-
JEFFREY L RICKELS
VP FOR UNIVERSITY ADVANCEMENT
- Total calculated
- $0
- Hours/week
- 40
-
SCOTT LITTLE
VP & DIRECTOR OF ATHLETICS
- Total calculated
- $0
- Hours/week
- 40
-
SHELLEY SMITH
VP
- Total calculated
- $0
- Hours/week
- 40
-
STEPHANIE STEELMAN
AVP
- Total calculated
- $0
- Hours/week
- 40
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.
Schedule J
Answered yes
- 1a · Housing allowance or residence for personal use
- 1b · Written policy on the line-1a expenses
- 2 · Substantiation required before reimbursing expenses
- 3 · Compensation committee
- 3 · Compensation survey or study
- 3 · Approval by the board or compensation committee
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
The filer's explanations (Part III)
- Schedule J, Part I, Line 1a Housing allowance or residence for personal use
- THE PRESIDENT, DR. ROGER PARROTT, RECEIVES A NON-TAXABLE HOUSING ALLOWANCE OF $96,000 AS AN ORDAINED MINISTER.
- Schedule J, Part II Compensation Table
- COMPENSATION INFORMATION REQUIRED IN FORM 990, PART VII, SECTION A AND SCHEDULE J, PART II IS PROVIDED IN A TABLE ATTACHED TO THE TAX RETURN DOCUMENT FOLLOWING Schedule O. THE AMOUNTS ARE INCLUDED IN THE ATTACHMENT.
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 14 May 2025
- IRS schema version
- 2023v6.0
- Source object
- 202511349349304481
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