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Nonprofiteer
← LIBERTY UNIVERSITY INC

Form 990 for tax year 2022

Filed by LIBERTY UNIVERSITY INC.

Totals

Total revenue
$1,565,676,548
Total expenses
$1,381,066,428
Contributions and grants received
$30,915,325
Grants paid
$343,170,765
Program service revenue
$1,464,462,952
Investment income
$31,160,973
Other revenue
$39,137,298
Total assets, end of year
$4,157,125,287
Total liabilities, end of year
$308,542,889
Net assets or fund balances, end of year
$3,848,582,398
Program services expenses (Part IX)
$1,165,835,693
Management and general expenses
$209,663,616
Fundraising expenses
$5,567,119
Program service expenses (Part III)
$1,165,835,693

Program services were 84.4% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • Mr Danny H Freeze Jr

    Head Coach - Football

    Total calculated
    $3,833,429
    From this org
    $3,793,248
    From related orgs
    $0
    Other
    $40,181
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $3,344,722
    Bonus
    $280,151
    Other
    $168,375
    Deferred
    $27,000
    Nontaxable benefits
    $13,181
    Filer's total
    $3,833,429

  • Mr Ritchie L McKay

    Head Coach - Basketball

    Total calculated
    $1,463,960
    From this org
    $1,402,383
    From related orgs
    $0
    Other
    $61,577
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $1,223,635
    Bonus
    $178,748
    Other
    $0
    Deferred
    $47,500
    Nontaxable benefits
    $14,077
    Filer's total
    $1,463,960

  • Dr Jerry Prevo

    Trustee/President

    Total calculated
    $1,024,218
    From this org
    $991,455
    From related orgs
    $0
    Other
    $32,763
    Hours/week
    54 + 1 related

    Schedule J breakdown matched by us

    Base
    $748,491
    Bonus
    $242,964
    Other
    $0
    Deferred
    $27,000
    Nontaxable benefits
    $5,763
    Filer's total
    $1,024,218

  • Mr Ian McCaw

    Director of Athletics

    Total calculated
    $889,099
    From this org
    $827,522
    From related orgs
    $0
    Other
    $61,577
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $697,821
    Bonus
    $129,566
    Other
    $135
    Deferred
    $47,500
    Nontaxable benefits
    $14,077
    Filer's total
    $889,099

  • Dr Robert Ritz

    Chief Fin. Officer/Treasurer

    Total calculated
    $647,656
    From this org
    $586,079
    From related orgs
    $0
    Other
    $61,577
    Hours/week
    53 + 2 related

    Schedule J breakdown matched by us

    Base
    $510,824
    Bonus
    $45,195
    Other
    $30,060
    Deferred
    $47,500
    Nontaxable benefits
    $14,077
    Filer's total
    $647,656

  • Mr David Corry

    General Counsel/Secretary

    Total calculated
    $479,649
    From this org
    $445,473
    From related orgs
    $0
    Other
    $34,176
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $412,673
    Bonus
    $32,800
    Other
    $0
    Deferred
    $20,833
    Nontaxable benefits
    $13,343
    Filer's total
    $479,649

  • Mr James Chadwell

    Head Coach - Football

    Total calculated
    $479,629
    From this org
    $479,629
    From related orgs
    $0
    Other
    $0
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $335,083
    Bonus
    $144,546
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $479,629

  • Dr Ronald Kennedy

    EVP for Enrollment & Marketing

    Total calculated
    $459,649
    From this org
    $398,422
    From related orgs
    $0
    Other
    $61,227
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $318,142
    Bonus
    $30,780
    Other
    $49,500
    Deferred
    $47,500
    Nontaxable benefits
    $13,727
    Filer's total
    $459,649

  • Dr Scott Hicks

    Provost & Chief Academic Off.

    Total calculated
    $434,588
    From this org
    $416,214
    From related orgs
    $0
    Other
    $18,374
    Hours/week
    54 + 1 related

    Schedule J breakdown matched by us

    Base
    $361,991
    Bonus
    $31,823
    Other
    $22,400
    Deferred
    $18,083
    Nontaxable benefits
    $291
    Filer's total
    $434,588

  • Mr Scott Jackson

    Head Coach - Baseball

    Total calculated
    $430,823
    From this org
    $376,041
    From related orgs
    $0
    Other
    $54,782
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $282,828
    Bonus
    $93,213
    Other
    $0
    Deferred
    $41,000
    Nontaxable benefits
    $13,782
    Filer's total
    $430,823

  • Dr Mark F Horstemeyer

    Dean, School of Engineering

    Total calculated
    $408,877
    From this org
    $368,095
    From related orgs
    $0
    Other
    $40,782
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $359,573
    Bonus
    $2,000
    Other
    $6,522
    Deferred
    $27,000
    Nontaxable benefits
    $13,782
    Filer's total
    $408,877

  • Dr Shawn Akers

    Online Provost

    Total calculated
    $390,674
    From this org
    $382,624
    From related orgs
    $0
    Other
    $8,050
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $149,709
    Bonus
    $0
    Other
    $232,915
    Deferred
    $7,841
    Nontaxable benefits
    $209
    Filer's total
    $390,674

  • Mrs Cindy Gaebe

    SVP of Fin.& Chief Invest Off.

    Total calculated
    $344,047
    From this org
    $330,704
    From related orgs
    $0
    Other
    $13,343
    Hours/week
    50 + 5 related

    Schedule J breakdown matched by us

    Base
    $284,004
    Bonus
    $46,700
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $13,343
    Filer's total
    $344,047

  • Mr Don Moon

    FORMER OFFICER

    Total calculated
    $326,053
    From this org
    $273,735
    From related orgs
    $0
    Other
    $52,318
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $252,700
    Bonus
    $21,035
    Other
    $0
    Deferred
    $47,000
    Nontaxable benefits
    $5,318
    Filer's total
    $326,053

  • Mr John Gauger

    Chief Information Officer

    Total calculated
    $318,659
    From this org
    $291,504
    From related orgs
    $0
    Other
    $27,155
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $271,544
    Bonus
    $19,960
    Other
    $0
    Deferred
    $13,812
    Nontaxable benefits
    $13,343
    Filer's total
    $318,659

  • Mr Daniel Deter

    VP of Major Construction

    Total calculated
    $317,489
    From this org
    $291,813
    From related orgs
    $0
    Other
    $25,676
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $247,745
    Bonus
    $44,068
    Other
    $0
    Deferred
    $12,333
    Nontaxable benefits
    $13,343
    Filer's total
    $317,489

  • Rev Glenn Clary

    EVP of Strategic P'ships

    Total calculated
    $313,386
    From this org
    $255,026
    From related orgs
    $0
    Other
    $58,360
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $220,578
    Bonus
    $34,448
    Other
    $0
    Deferred
    $47,500
    Nontaxable benefits
    $10,860
    Filer's total
    $313,386

  • Mr Steve Foster

    EVP of Human Resources

    Total calculated
    $304,548
    From this org
    $263,471
    From related orgs
    $0
    Other
    $41,077
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $239,203
    Bonus
    $22,960
    Other
    $1,308
    Deferred
    $27,000
    Nontaxable benefits
    $14,077
    Filer's total
    $304,548

  • Mr Craig Pettitt

    VP of Real Estate Management

    Total calculated
    $290,808
    From this org
    $250,465
    From related orgs
    $0
    Other
    $40,343
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $231,745
    Bonus
    $18,720
    Other
    $0
    Deferred
    $27,000
    Nontaxable benefits
    $13,343
    Filer's total
    $290,808

  • Mr Charles Spence

    SVP of Campus Facilities & Tra

    Total calculated
    $290,573
    From this org
    $252,713
    From related orgs
    $0
    Other
    $37,860
    Hours/week
    54.5 + 0.5 related

    Schedule J breakdown matched by us

    Base
    $234,389
    Bonus
    $18,324
    Other
    $0
    Deferred
    $27,000
    Nontaxable benefits
    $10,860
    Filer's total
    $290,573

  • Mr Shon Muldrow

    SVP of Inclusion, Divers & Eqy

    Total calculated
    $288,982
    From this org
    $252,577
    From related orgs
    $0
    Other
    $36,405
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $235,577
    Bonus
    $17,000
    Other
    $0
    Deferred
    $22,417
    Nontaxable benefits
    $13,988
    Filer's total
    $288,982

  • Mr Daniel Applewhite

    Deputy Gen. Counsel/Asst. Secy

    Total calculated
    $263,482
    From this org
    $239,381
    From related orgs
    $0
    Other
    $24,101
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $219,538
    Bonus
    $19,843
    Other
    $0
    Deferred
    $10,024
    Nontaxable benefits
    $14,077
    Filer's total
    $263,482

  • Dr Lawrence Hine

    Senior VP of Student Affairs

    Total calculated
    $253,312
    From this org
    $215,970
    From related orgs
    $0
    Other
    $37,342
    Hours/week
    45 + 10 related

    Schedule J breakdown matched by us

    Base
    $198,970
    Bonus
    $17,000
    Other
    $0
    Deferred
    $27,000
    Nontaxable benefits
    $10,342
    Filer's total
    $253,312

  • Mr Scott Spear

    VP of Finance & Administration

    Total calculated
    $210,586
    From this org
    $191,609
    From related orgs
    $0
    Other
    $18,977
    Hours/week
    53 + 2 related

    Schedule J breakdown matched by us

    Base
    $178,009
    Bonus
    $13,600
    Other
    $0
    Deferred
    $5,250
    Nontaxable benefits
    $13,727
    Filer's total
    $210,586

  • Pastor Jonathan Falwell

    Trustee/Chancellor

    Total calculated
    $208,510
    From this org
    $208,510
    From related orgs
    $0
    Other
    $0
    Hours/week
    20 + 3 related

    Schedule J breakdown matched by us

    Base
    $200,000
    Bonus
    $8,510
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $208,510

  • Mr Matthew Cooper

    VP of Student Financial Svcs

    Total calculated
    $180,546
    From this org
    $159,578
    From related orgs
    $0
    Other
    $20,968
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $147,578
    Bonus
    $12,000
    Other
    $0
    Deferred
    $7,625
    Nontaxable benefits
    $13,343
    Filer's total
    $180,546

  • Mr Chris Johnson

    Former Key Employee

    Total calculated
    $151,743
    From this org
    $133,050
    From related orgs
    $0
    Other
    $18,693
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $124,050
    Bonus
    $9,000
    Other
    $0
    Deferred
    $5,000
    Nontaxable benefits
    $13,693
    Filer's total
    $151,743

  • Mr Anthony Beckles

    Trustee/Online Chair

    Total calculated
    $124,185
    From this org
    $107,812
    From related orgs
    $0
    Other
    $16,373
    Hours/week
    42 + 1 related

  • Mr Gilbert Tinney Jr

    Trustee

    Total calculated
    $74,599
    From this org
    $74,599
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

  • Dr David Rhodenhizer

    Trustee

    Total calculated
    $51,712
    From this org
    $51,712
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

  • Mr Jeffery S Yager

    Trustee

    Total calculated
    $46,486
    From this org
    $46,486
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Dr Brian Autry

    Trustee & Adjunct Professor

    Total calculated
    $44,000
    From this org
    $44,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    27

  • Dr John Borek Jr

    Trustee & Adjunct Professor

    Total calculated
    $40,600
    From this org
    $40,600
    From related orgs
    $0
    Other
    $0
    Hours/week
    27

  • Mr Chris Rhodenhizer

    Trustee

    Total calculated
    $32,675
    From this org
    $32,675
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Dr Don Crain

    Trustee

    Total calculated
    $22,575
    From this org
    $22,575
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Evangelist William F Graham

    Trustee

    Total calculated
    $11,900
    From this org
    $11,900
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Evangelist Tim Lee

    Trustee

    Total calculated
    $10,599
    From this org
    $10,599
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

  • Mr Galen Peel Sr

    Trustee

    Total calculated
    $1,385
    From this org
    $1,385
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Mr Duke Westover

    Trustee

    Total calculated
    $1,125
    From this org
    $1,125
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Mr Carroll Hudson

    Trustee

    Total calculated
    $510
    From this org
    $510
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

  • Dr Gene Mims

    Trustee

    Total calculated
    $510
    From this org
    $510
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Dr Allen McFarland

    Trustee

    Total calculated
    $500
    From this org
    $500
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Ms Penny Nance

    Trustee

    Total calculated
    $500
    From this org
    $500
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Mr Jeffrey F Benson

    Trustee

    Total calculated
    $347
    From this org
    $347
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

  • Mr Richard Osborne

    Trustee

    Total calculated
    $317
    From this org
    $317
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

  • Mr John Heath

    Trustee

    Total calculated
    $260
    From this org
    $260
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Mrs Gaye Overton Benson

    Trustee

    Total calculated
    $250
    From this org
    $250
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Dr Dwight Reighard

    Trustee

    Total calculated
    $135
    From this org
    $135
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Dr Jerry Vines

    Trustee

    Total calculated
    $135
    From this org
    $135
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

  • Dr Richard G Lee

    Trustee

    Total calculated
    $135
    From this org
    $135
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Dr Harold Rawlings

    Trustee

    Total calculated
    $125
    From this org
    $125
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Mr Will Tinney

    Trustee

    Total calculated
    $125
    From this org
    $125
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Ms Angela Jordan

    Trustee

    Total calculated
    $0
    Hours/week
    2

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 · First-class or charter travel
  • 1a · Travel for companions
  • 1a · Tax indemnification and gross-up payments
  • 1a · Housing allowance or residence for personal use
  • 1a · Health or social club dues or initiation fees
  • 1a · Personal services (maid, chauffeur, chef)
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4a · Severance or change-of-control payment
  • 7 · Other non-fixed payments

Answered no

  • 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
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 1A:
TYPE OF BENEFIT: FIRST-CLASS OR CHARTER TRAVEL LISTED PERSON WHO RECEIVED THE BENEFIT: TRUSTEES, OFFICERS, KEY AND HIGHLY COMPENSATED WAS THE BENEFIT TREATED AS TAXABLE TO LISTED PERSON? FOR BUSINESS TRAVEL THE AMOUNT IS NEITHER REIMBURSED NOR IS TAXABLE; PERSONAL TRAVEL IS EITHER REIMBURSED OR TREATED AS A TAXABLE BENEFIT. TYPE OF BENEFIT: TRAVEL FOR COMPANIONS LISTED PERSON WHO RECEIVED THE BENEFIT: TRUSTEES, OFFICERS, KEY AND HIGHLY COMPENSATED WAS THE BENEFIT TREATED AS TAXABLE TO THE LISTED PERSON? IF COMPANION HAD A BUSINESS PURPOSE, THE AMOUNT IS NEITHER REIMBURSED NOR TAXABLE. IF COMPANION DOES NOT HAVE A BUSINESS PURPOSE, THE AMOUNT IS EITHER REIMBURSED OR IS TREATED AS A TAXABLE BENEFIT. TYPE OF BENEFIT: TAX INDEMNIFICATION AND GROSS-UP PAYMENTS LISTED PERSON WHO RECEIVED THE BENEFIT: PRESIDENT OF THE UNIVERSITY AND TRUSTEES WAS THE BENEFIT TREATED AS TAXABLE TO LISTED PERSON? THE AMOUNT IS TREATED AS TAXABLE COMPENSATION. TYPE OF BENEFIT: HOUSING ALLOWANCE LISTED PERSON WHO RECEIVED THE BENEFIT: PRESIDENT OF THE UNIVERSITY AND VP OF MAJOR CONSTRUCTION WAS THE BENEFIT TREATED AS TAXABLE TO THE LISTED PERSON? THE AMOUNT IS TREATED AS TAXABLE COMPENSATION UNLESS EXCLUDED UNDER THE INTERNAL REVENUE CODE. TYPE OF BENEFIT: HEALTH OR SOCIAL CLUB DUES OR INITIATION FEES LISTED PERSON WHO RECEIVED THE BENEFIT: HEAD FOOTBALL COACH WAS THE BENEFIT TREATED AS TAXABLE TO LISTED PERSON? THE AMOUNT IS TREATED AS TAXABLE COMPENSATION. TYPE OF BENEFIT: PERSONAL SERVICES LISTED PERSON WHO RECEIVED THE BENEFIT: PRESIDENT OF THE UNIVERSITY WAS THE BENEFIT TREATED AS TAXABLE TO LISTED PERSON? THE AMOUNT IS EITHER REIMBURSED OR TREATED AS TAXABLE COMPENSATION.
PART I, LINE 3:
COMPENSATION OF THE PRESIDENT AND OTHER OFFICERS AND KEY EMPLOYEES ARE REVIEWED ANNUALLY BY THE EXECUTIVE COMMITTEE. COMPARABLE SALARY DATA IS REVIEWED WHEN SALARIES ARE SET AND ADJUSTED TO DETERMINE THE REASONABLENESS OF THE COMPENSATION.
PART I, LINE 4A:
DR. SHAWN AKERS RECEIVED A SEVERANCE PAYMENT OF $200,200.
PART I, LINE 7:
CERTAIN EMPLOYEES AS DISCLOSED IN PART VII AND SCHEDULE J RECEIVE BONUS PAYMENTS WHICH WOULD QUALIFY AS NON-FIXED PAYMENTS. THE AMOUNTS OF SUCH BONUSES ARE APPROVED BY EXECUTIVE LEADERSHIP OF THE ORGANIZATION IN SUCH A WAY TO ENSURE REASONABLE COMPENSATION AND AVOID CONFLICTS OF INTEREST. ALL SUCH PAYMENTS ARE REFLECTED IN THE EMPLOYEE'S W-2.

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

The 10 largest by cash amount. The API serves every itemized grant.

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.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • Freedom Aviation Inc

    C Corp · Aviation · VA · 100% owned · share of income $941,913 · share of assets $23,515,371 · controlled entity

    Directly controlled by Liberty Univers

  • Liberty Mountain Capital Inc

    C Corp · Investment · VA · 100% owned · share of income -$1,611 · share of assets $495,235 · controlled entity

    Directly controlled by Liberty Univers

  • Liberty Village Community Association In

    C Corp · Property Mgmt · VA · 60% owned · share of income $0 · share of assets $0 · controlled entity

    Directly controlled by Liberty Univers

Provenance

Return type
form_990
Tax year
2022
Filed
13 May 2024
IRS schema version
2022v5.0
Source object
202401359349310735

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.