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← SOUTHWEST BAPTIST UNIVERSITY

Form 990 for tax year 2024

Filed by SOUTHWEST BAPTIST UNIVERSITY.

Totals

Total revenue
$56,069,214
Total expenses
$58,035,122
Contributions and grants received
$3,188,582
Grants paid
$16,405,256
Program service revenue
$45,511,228
Investment income
$6,386,513
Other revenue
$982,891
Total assets, end of year
$81,751,492
Total liabilities, end of year
$16,034,472
Net assets or fund balances, end of year
$65,717,020
Program services expenses (Part IX)
$52,769,383
Management and general expenses
$4,011,496
Fundraising expenses
$1,254,243
Program service expenses (Part III)
$52,769,383

Program services were 90.9% 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.

  • 1d · Related organizations

    $795,380

  • 1e · Government grants (contributions)

    $419,799

  • 1f · All other contributions, gifts and grants

    $1,973,403

  • 1g · Noncash contributions included above

    $136,473

  • 2a · Program service revenue: TUITION AND FEES

    total $37,865,575 · related or exempt $37,865,575

  • 2b · Program service revenue: DINING SERVICES

    total $3,784,141 · related or exempt $3,784,141

  • 2c · Program service revenue: HOUSING SERVICES

    total $2,342,103 · related or exempt $2,342,103

  • 2d · Program service revenue: BOOKSTORE

    total $770,593 · related or exempt $770,593

  • 2e · Program service revenue: FITNESS CENTER

    total $151,029 · related or exempt $107,546 · unrelated business $43,483

  • 2f · All other program service revenue

    total $597,787 · related or exempt $597,787

  • 3 · Investment income

    total $1,863,562 · excluded $1,863,562

  • 6a · Gross rents

    real property $48,796

  • 6b · Less rental expenses

    real property $43,795

  • 6c · Rental income or loss

    real property $5,001

  • 6d · Net rental income or loss

    total $5,001 · excluded $5,001

  • 7a · Gross sales of assets other than inventory

    securities $8,399,794 · other assets $4,829,055

  • 7b · Less cost or other basis and sales expenses

    securities $6,936,706 · other assets $1,769,192

  • 7c · Gain or loss

    securities $1,463,088 · other assets $3,059,863

  • 7d · Net gain or loss

    total $4,522,951 · excluded $4,522,951

  • 11d · All other revenue

    total $977,890 · related or exempt $977,890

  • 11e · Other revenue, total

    $977,890

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $16,405,256 · program services $16,405,256

  • 5 · Compensation of officers, directors and key employees

    total $794,297 · program services $13,478 · management and general $436,059 · fundraising $344,760

  • 7 · Other salaries and wages

    total $14,458,498 · program services $13,309,465 · management and general $765,133 · fundraising $383,900

  • 8 · Pension plan contributions

    total $765,140 · program services $627,009 · management and general $118,030 · fundraising $20,101

  • 9 · Other employee benefits

    total $2,849,451 · program services $2,533,601 · management and general $243,505 · fundraising $72,345

  • 10 · Payroll taxes

    total $1,017,143 · program services $930,865 · management and general $67,617 · fundraising $18,661

  • 11b · Fees: legal

    total $141,971 · management and general $141,971

  • 11c · Fees: accounting

    total $277,882 · management and general $277,882

  • 11f · Fees: investment management

    total $11,250 · management and general $11,250

  • 11g · Fees: other

    total $5,147,690 · program services $4,763,101 · management and general $267,208 · fundraising $117,381

  • 12 · Advertising and promotion

    total $601,732 · program services $527,769 · management and general $65,181 · fundraising $8,782

  • 13 · Office expenses

    total $3,064,911 · program services $2,350,806 · management and general $490,196 · fundraising $223,909

  • 14 · Information technology

    total $2,733,645 · program services $2,667,667 · management and general $65,916 · fundraising $62

  • 16 · Occupancy

    total $3,897,462 · program services $3,803,196 · management and general $89,734 · fundraising $4,532

  • 17 · Travel

    total $1,010,748 · program services $940,214 · management and general $36,195 · fundraising $34,339

  • 19 · Conferences, conventions and meetings

    total $58,856 · program services $42,301 · management and general $9,014 · fundraising $7,541

  • 20 · Interest

    total $406,225 · management and general $406,225

  • 22 · Depreciation, depletion and amortization

    total $3,094,551 · program services $2,905,605 · management and general $173,779 · fundraising $15,167

  • 23 · Insurance

    total $140,102 · program services $122,204 · management and general $17,776 · fundraising $122

  • 24a · Other expenses: BAD DEBT EXPENSE

    total $659,799 · program services $659,799

  • 24b · Other expenses: DUES & MEMBERSHIPS

    total $429,892 · program services $98,426 · management and general $328,825 · fundraising $2,641

  • 24c · Other expenses: STUDENT ATHLETE MEDICAL

    total $68,621 · program services $68,621

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,822,479 · end of year $1,495,387

  • 2 · Savings and temporary cash investments

    beginning of year $2,331,215

  • 3 · Pledges and grants receivable

    beginning of year $721,932 · end of year $634,802

  • 4 · Accounts receivable

    beginning of year $9,137,947 · end of year $10,084,322

  • 8 · Inventories for sale or use

    beginning of year $120,822 · end of year $126,801

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,167,458 · end of year $1,435,894

  • 10a · Land, buildings and equipment: cost or other basis

    $93,397,059

  • 10b · Land, buildings and equipment: accumulated depreciation

    $64,274,135

  • 10c · Land, buildings and equipment, net

    beginning of year $33,557,179 · end of year $29,122,924

  • 11 · Investments: publicly traded securities

    beginning of year $27,672,936 · end of year $30,493,241

  • 12 · Investments: other securities

    end of year $382,469

  • 13 · Investments: program-related

    beginning of year $1,438,218 · end of year $987,980

  • 15 · Other assets

    beginning of year $6,146,833 · end of year $6,987,672

  • 17 · Accounts payable and accrued expenses

    beginning of year $7,626,942 · end of year $3,990,810

  • 18 · Grants payable

    beginning of year $1,927,653 · end of year $1,382,624

  • 19 · Deferred revenue

    beginning of year $372,467 · end of year $716,631

  • 20 · Tax-exempt bond liabilities

    beginning of year $8,222,542 · end of year $7,551,243

  • 21 · Escrow or custodial account liability

    end of year $304,826

  • 23 · Secured mortgages and notes payable

    beginning of year $1,072,906

  • 25 · Other liabilities

    beginning of year $1,858,208 · end of year $2,088,338

  • 27 · Net assets without donor restrictions

    beginning of year $31,521,981 · end of year $32,182,536

  • 28 · Net assets with donor restrictions

    beginning of year $31,514,320 · end of year $33,534,484

Mission and programs · 2024

Mission

CHRIST-CENTERED, CARING ACADEMIC COMMUNITY PREPARING STUDENTS TO BE SERVANT LEADERS IN A GLOBAL SOCIETY; A HIGHER-EDUCATION INSTITUTION OFFERING COURSES THAT LEAD TO BOTH UNDERGRADUATE AND GRADUATE DEGREES.

Activities or mission (Part I)

SBU IS AN ACADEMIC COMMUNITY PREPARING STUDENTS TO BE SERVANT LEADERS IN A GLOBAL SOCIETY.

  • SOUTHWEST BAPTIST UNIVERSITY IS AN INSTITUTION OF HIGHER EDUCATION OFFERING COURSES THAT LEAD TO BOTH UNDERGRADUATE AND GRADUATE DEGREES. STUDENTS MAY CHOOSE FROM MORE THAN 100 AREAS OF ACADEMIC STUDY AS THEY PURSUE A LIBERAL ARTS BASED, CAREER-ORIENTED EDUCATION. STUDENTS ARE ELIGIBLE TO GRADUATE WITH A B.A., B.M., B.S., B.S.N., B.S.W., A.A., A.A.S., AS.N., A.S.R., AND AS. DEGREE. GRADUATE DEGREES INCLUDE: M.B.A., M.S. (IN EDUCATION AND NURSING), M.S. (IN EDUCATIONAL ADMINISTRATION), ED.S., ED.D. (IN EDUCATIONAL LEADERSHIP), AND THE D.P.T. (CONTINUED ON SCHEDULE O)THE UNIVERSITY IS COMPRISED OF FIVE COLLEGES: MERCY COLLEGE OF HEALTH PROFESSIONS, COLLEGE OF PROFESSIONAL PROGRAMS, GENEVA CASEBOLT COLLEGE OF ARTS AND BEHAVIORAL SCIENCES, THE ROBERT W. PLASTER COLLEGE OF BUSINESS, AND THE COLLEGE OF NATURAL AND APPLIED SCIENCE. SBU IS A THRIVING HIGHER EDUCATION INSTITUTION WITH MORE THAN 2,000 UNDERGRADUATE AND GRADUATE STUDENTS. THE MAIN CAMPUS OF THE UNIVERSITY IS LOCATED IN BOLIVAR, MO, WITH ADDITIONAL CAMPUSES IN MOUNTAIN VIEW, SALEM, SPRINGFIELD AND ONLINE. THE UNIVERSITY REPORTS A 12:1 STUDENT TO TEACHER RATIO FOR THE UNDERGRADUATE PROGRAM. ADDITIONALLY, 66% OF FULL-TIME TEACHING FACULTY ON THE BOLIVAR CAMPUS HAVE EARNED DOCTORATE DEGREES. IN ADDITION, SBU HAS RECEIVED AN A RATING, BASED ON GENERAL EDUCATION COURSE REQUIREMENTS, IN THE AMERICAN COUNCIL OF TRUSTEES AND ALUMNI'S REPORT WHAT WILL THEY LEARN? SINCE 2013. SBU IS ONE OF THE NATION'S COLLEGES OF DISTINCTION, HONORING THE UNIVERSITY'S COMMITMENT TO THE FOUR DISTINCTIONS: ENGAGED STUDENTS, GREAT TEACHING, VIBRANT COMMUNITY AND SUCCESSFUL OUTCOMES.

    Expenses $32,319,667 · Grants $16,405,256 · Revenue $37,865,575

  • SOUTHWEST BAPTIST UNIVERSITY OFFERS A VARIETY OF ORGANIZED ACTIVITIES AND STUDENT SERVICES THAT CONTRIBUTE TO THE MISSION OF THE UNIVERSITY. THIS SECTION WILL HIGHLIGHT SOME OF THE ACTIVITIES AND SERVICES BUT WILL NOT PROVIDE A DETAILED LISTING OF ALL OPPORTUNITIES. THE UNIVERSITY PROVIDES A COMPREHENSIVE TRANSITION/ORIENTATION PROGRAM FOR NEW STUDENTS. TWO OUTSTANDING COMPONENTS OF THE TRANSITION PROGRAM INCLUDE WELCOME WEEK AND THE UNIVERSITY SUCCESS CENTER (USC). WELCOME WEEK IS AN ORIENTATION PROGRAM FOR ALL NEW STUDENTS HELD BI-ANNUALLY ON THE CAMPUS THE WEEK PRIOR TO THE BEGINNING OF THE FALL AND SPRING SEMESTERS. EACH NEW STUDENT IS PROVIDED A SMALL-GROUP EXPERIENCE DESIGNED TO BUILD INTERPERSONAL RELATIONSHIPS AND ACCLIMATE THEM TO THE HIGHER EDUCATION CULTURE. (CONTINUED ON SCHEDULE O)THE PRIMARY GOAL OF THE UNIVERSITY SUCCESS CENTER IS TO PROMOTE STUDENT SUCCESS THROUGH DEVELOPMENTAL ADVISING AND RELATIONSHIP BUILDING WITH STUDENTS. THE USC PROVIDES WEEKLY CONTACT WITH NEW STUDENTS THAT FOCUSES ON ACADEMIC GOALS, OPPORTUNITIES FOR ENGAGEMENT WITH ALL AREAS OF UNIVERSITY LIFE, THE USE OF CRITICAL THINKING SKILLS, GOAL-SETTING, AND PRACTICE IN DECISION-MAKING. STUDENTS HAVE AVAILABLE TO THEM PROFESSIONALLY TRAINED COUNSELORS TO ASSIST WITH PERSONAL AND EMOTIONAL ISSUES. THIS SERVICE IS OFFERED WITHOUT DIRECT COST TO STUDENTS. THE UNIVERSITY ALSO OPERATES A HEALTH CENTER THAT PROVIDES MINOR ROUTINE HEALTH CARE. THE CAREER SERVICES OFFICE IS AVAILABLE TO ASSIST STUDENTS AND ALUMNI WITH CAREER COUNSELING, CAREER ASSESSMENTS, JOB SEARCHES, PLACEMENT FILES, RESUMES, COVER LETTERS, AND MOCK INTERVIEWS. THE UNIVERSITY ALSO SUPPORTS SEVERAL ACTIVITIES FOR STUDENT PARTICIPATION. SBU PROVIDES A COMPREHENSIVE PROGRAM OF NCAA DIVISION II INTERCOLLEGIATE ATHLETICS COMPETING WITHIN THE GREAT LAKES VALLEY CONFERENCES. SPORTS INCLUDE: BASEBALL, MEN'S AND WOMEN'S BASKETBALL, VOLLEYBALL, FOOTBALL, MEN'S AND WOMEN'S CROSS COUNTRY, MEN'S AND WOMEN'S SOCCER, MEN'S AND WOMEN'S TRACK AND FIELD, SOFTBALL, BEACH VOLLEYBALL, MEN'S AND WOMEN'S TENNIS, MEN'S AND WOMEN'S INDOOR TRACK AND FIELD, AND STUNT TEAM. ADDITIONALLY, THERE IS AN ACTIVE INTRAMURAL PROGRAM IN WHICH ALL STUDENTS MAY PARTICIPATE. STUDENTS HAVE THE OPPORTUNITY TO PARTICIPATE IN DEBATE AND FORENSICS, DRAMA AND THEATER PRESENTATIONS, AND SEVERAL MUSIC ENSEMBLES. THE SBU FORENSICS (SPEECH AND DEBATE) TEAM HAS EARNED 14 NATIONAL TITLES AT THE PI KAPPA DELTA NATIONAL FORENSICS CHAMPIONSHIP.

    Expenses $9,283,599 · Revenue $694,178

  • AUXILIARY ENTERPRISES CONSISTS, FOR THE MOST PART, OF THE UNIVERSITY DINING COMMONS (CAFETERIA), THE RESIDENCE HALLS, CONFERENCE CENTER, AND THE JANE AND KEN MEYER WELLNESS AND SPORTS CENTER. THE DINING COMMONS IS THE MAIN FACILITY FOR PROVIDING MEALS TO STUDENTS. THE MARKETPLACE SERVES BREAKFAST, LUNCH, AND DINNER SIX DAYS PER WEEK, AND BRUNCH AND DINNER ON SUNDAYS. IN ADDITION TO THE MARKETPLACE, THE UNIVERSITY OFFERS A CONVENIENCE STORE STYLE SHOP CALLED THE CORNER MARKET, A COFFEE AND SANDWICH SHOP CALLED CRAFT COFFEE AND DELI-CRAFT, AND A SHAKE SMART LOCATION. CAMPUS HOUSING IS AVAILABLE FOR NON-MARRIED, FULL-TIME STUDENTS ON THE BOLIVAR CAMPUS. THE UNIVERSITY HAS SEVERAL DIFFERENT HOUSING FACILITIES, INCLUDING RESIDENCE HALLS AND APARTMENTS. (CONTINUED ON SCHEDULE O)RESIDENCE FACILITIES ARE UNDER THE DIRECTION OF UNIVERSITY EMPLOYEES CALLED RESIDENT DIRECTORS AND STUDENTS EMPLOYED TO SERVE AS RESIDENT ASSISTANTS (RAS). THE RAS ARE RESPONSIBLE FOR PROVIDING ACTIVITIES, INFORMING RESIDENTS OF DORM POLICIES, AND HELPING STUDENTS GROW SPIRITUALLY AND SOCIALLY. THE CONFERENCE CENTER PROVIDES GENERAL SUMMER OPPORTUNITIES FOR YOUTH AND CHILDREN'S CAMPS FOR SUMMER PROGRAMS. THESE PROGRAMS GENERALLY FOCUS ON CHRISTIAN GROWTH EMPHASES, ATHLETIC/ ACADEMIC GROWTH OPPORTUNITIES, OR BOTH. THEY HELP TO INTRODUCE FUTURE STUDENT PROSPECTS TO THE UNIVERSITY. THE JANE AND KEN MEYER WELLNESS AND SPORTS CENTER IS A FACILITY THAT PROVIDES A HEALTHY AND MOTIVATING ENVIRONMENT WHERE STUDENTS, FACULTY AND STAFF, AND OTHERS CAN PARTICIPATE IN WELLNESS AND SPORTS ACTIVITIES. THE CENTER INCLUDES A FITNESS AREA WITH STRENGTH TRAINING AND CARDIO MACHINES, RACQUETBALL COURTS, SWIMMING POOL, GYMNASIUM WITH THREE COLLEGIATE BASKETBALL COURTS, A RUNNING/WALKING TRACK, CLIMBING WALL, AND SPORTS CAFE.

    Expenses $8,620,932 · Revenue $6,233,790

  • OTHER PROGRAM SERVICES

    Expenses $2,545,185 · Revenue $1,652,092

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Richard Melson

    PRESIDENT

    Total calculated
    $366,272
    From this org
    $109,955
    From related orgs
    $0
    Other
    $256,317
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $109,955
    Bonus
    $0
    Other
    $0
    Deferred
    $49,950
    Nontaxable benefits
    $206,367
    Filer's total
    $366,272
  • Scott Moats

    VP FOR ADMINISTRATION

    Total calculated
    $207,413
    From this org
    $94,532
    From related orgs
    $0
    Other
    $112,881
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $94,532
    Bonus
    $0
    Other
    $0
    Deferred
    $19,490
    Nontaxable benefits
    $93,391
    Filer's total
    $207,413
  • Tracy Manly

    PROVOST

    Total calculated
    $202,059
    From this org
    $183,597
    From related orgs
    $0
    Other
    $18,462
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $181,748
    Bonus
    $0
    Other
    $1,849
    Deferred
    $9,556
    Nontaxable benefits
    $8,906
    Filer's total
    $202,059
  • Leon Wirth

    VP OF ADVANCEMENT

    Total calculated
    $196,050
    From this org
    $172,045
    From related orgs
    $0
    Other
    $24,005
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $171,025
    Bonus
    $0
    Other
    $1,020
    Deferred
    $9,304
    Nontaxable benefits
    $14,701
    Filer's total
    $196,050
  • Ronald Miller

    VP FOR ONLINE LEARNING

    Total calculated
    $170,688
    From this org
    $162,425
    From related orgs
    $0
    Other
    $8,263
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $160,938
    Bonus
    $0
    Other
    $1,487
    Deferred
    $8,047
    Nontaxable benefits
    $216
    Filer's total
    $170,688
  • Brandt Merritt

    VP MARKETING & ENROLLMENT

    Total calculated
    $164,456
    From this org
    $147,921
    From related orgs
    $0
    Other
    $16,535
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $147,822
    Bonus
    $0
    Other
    $99
    Deferred
    $7,544
    Nontaxable benefits
    $8,991
    Filer's total
    $164,456
  • Troy Bethards

    PROF BUS ADMIN

    Total calculated
    $152,687
    From this org
    $130,226
    From related orgs
    $0
    Other
    $22,461
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $130,226
    Bonus
    $0
    Other
    $0
    Deferred
    $13,444
    Nontaxable benefits
    $9,017
    Filer's total
    $152,687
  • Darren Crowder

    VP REGIONAL CAMPUSES

    Total calculated
    $139,176
    From this org
    $111,876
    From related orgs
    $0
    Other
    $27,300
    Hours/week
    40
  • Fred Broome

    CHAIR

    Total calculated
    $0
    Hours/week
    1
  • Joe Brand

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1
  • Cheryl Mayfield

    SECRETARY

    Total calculated
    $0
    Hours/week
    1
  • Adam Hughes

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Brandon Jackley

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Brent Epp

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Bruce Davidson

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Dale Baker

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Dale Smith

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Don Fahrni

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Gilberto Anderson

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Jonathan Hayashi

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Jonathan Swan

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Josh Trimble

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Kevin Farr

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Kristy Reid

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Lana Hager

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Linda Marshall

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Marlin Kroenke

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Michael Roy

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Mike Brown

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Paul Wellinghoff

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Phillip Burden

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Rick Moore

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Rick Powell

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Thomas Johnston

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Tim Carter

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Tyler Wilkins

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Luke Brosius

    TRUSTEE (PART YEAR)

    Total calculated
    $0
    Hours/week
    1

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 1a · Travel for companions
  • 1a · Housing allowance or residence for personal use
  • 1a · Personal services (maid, chauffeur, chef)
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 3 · Form 990 of other organizations
  • 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)

PART I, LINE 1A
THE ORGANIZATION PROVIDES TRAVEL FOR COMPANIONS TO THE PRESIDENT. THE TRAVEL IS FOR A BONA FIDE BUSINESS PURPOSE AND IS NOT TREATED AS TAXABLE COMPENSATION. PURSUANT TO INTERNAL REVENUE CODE SECTION 107, MINISTERIAL HOUSING ALLOWANCES ARE PROVIDED FOR QUALIFYING MINISTERIAL EMPLOYEES. THIS IS NOT INCLUDED IN TAXABLE COMPENSATION. THE PRESIDENT AND VP FOR ADMINISTRATION MET THE QUALIFICATIONS FOR AND RECEIVED A MINISTERIAL HOUSING ALLOWANCE DURING THE TAX YEAR. HOUSING ALLOWANCE & PERSONAL SERVICES: AS A CONDITION OF EMPLOYMENT, AND AS A CONVENIENCE TO THE UNIVERSITY, THE PRESIDENT IS PROVIDED A HOME ON UNIVERSITY GROUNDS. THE UNIVERSITY ALSO PROVIDES GROUNDS CARE AND HOUSEKEEPING FOR THE HOME SINCE THE PRESIDENT HOSTS FUNCTIONS FOR THE UNIVERSITY AT HIS HOME. THE HOME IS PROVIDED AS A NONTAXABLE BENEFIT TO THE PRESIDENT.

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.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2024
Filed
15 April 2026
IRS schema version
2024v5.5
Source object
202601059349302265

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