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Nonprofiteer
← BELMONT UNIVERSITY

Form 990 for tax year 2022

Filed by BELMONT UNIVERSITY.

Totals

Total revenue
$453,993,835
Total expenses
$405,658,061
Contributions and grants received
$19,188,524
Grants paid
$129,879,253
Program service revenue
$409,231,455
Investment income
$12,921,141
Other revenue
$12,652,715
Total assets, end of year
$1,565,002,574
Total liabilities, end of year
$250,814,566
Net assets or fund balances, end of year
$1,314,188,008
Program services expenses (Part IX)
$327,457,389
Management and general expenses
$73,321,136
Fundraising expenses
$4,879,536
Program service expenses (Part III)
$327,457,389

Program services were 80.7% 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

    $12,875

  • 1e · Government grants (contributions)

    $3,551,217

  • 1f · All other contributions, gifts and grants

    $15,624,432

  • 1g · Noncash contributions included above

    $1,262,298

  • 2a · Program service revenue: Tuition and Fees - Instruction

    total $356,848,324 · related or exempt $356,848,324

  • 2b · Program service revenue: Residence Halls - Student Services

    total $36,911,414 · related or exempt $36,911,414

  • 2c · Program service revenue: BOOKSTORE SALES

    total $6,384,626 · related or exempt $6,384,626

  • 2d · Program service revenue: Study Abroad

    total $3,275,624 · related or exempt $3,275,624

  • 2e · Program service revenue: Athletics

    total $2,595,954 · related or exempt $2,595,954

  • 2f · All other program service revenue

    total $3,215,513 · related or exempt $3,215,513 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $12,527,198 · unrelated business -$21,691 · excluded $12,548,889

  • 5 · Royalties

    total $543,399 · excluded $543,399

  • 6a · Gross rents

    real property $593,181

  • 6b · Less rental expenses

    real property $790,894

  • 6c · Rental income or loss

    real property -$197,713 · personal property $0

  • 6d · Net rental income or loss

    total -$197,713 · excluded -$197,713

  • 7a · Gross sales of assets other than inventory

    securities $39,790,720

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

    securities $39,396,777

  • 7c · Gain or loss

    securities $393,943 · other assets $0

  • 7d · Net gain or loss

    total $393,943 · excluded $393,943

  • 8a · Fundraising events: gross income

    $14,692

  • 8a · Fundraising events: contributions included on line 1c

    $12,875

  • 8b · Fundraising events: direct expenses

    $9,575

  • 8c · Net income from fundraising events

    total $5,117 · excluded $5,117

  • 10a · Gross sales of inventory

    $1,351,104

  • 10b · Cost of goods sold

    $1,167,131

  • 10c · Net income from sales of inventory

    total $183,973 · excluded $183,973

  • 11a · Other revenue: Cafeteria

    total $7,801,904 · related or exempt $7,801,904

  • 11b · Other revenue: Curb Events Center

    total $3,695,681 · related or exempt $2,976,622 · unrelated business $719,059

  • 11c · Other revenue: Ocean Way Music Studio

    total $620,354 · unrelated business $620,354

  • 11d · All other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $12,117,939

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $127,879,253 · program services $127,879,253

  • 3 · Grants to foreign organizations and individuals

    total $2,000,000 · program services $2,000,000

  • 5 · Compensation of officers, directors and key employees

    total $7,630,261 · program services $1,971,160 · management and general $5,293,166 · fundraising $365,935

  • 7 · Other salaries and wages

    total $130,586,495 · program services $115,063,298 · management and general $12,966,199 · fundraising $2,556,998

  • 8 · Pension plan contributions

    total $4,859,430 · program services $4,277,747 · management and general $489,806 · fundraising $91,877

  • 9 · Other employee benefits

    total $18,824,508 · program services $1,821,739 · management and general $16,312,956 · fundraising $689,813

  • 10 · Payroll taxes

    total $9,106,441 · program services $7,730,205 · management and general $1,185,125 · fundraising $191,111

  • 11a · Fees: management

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 11b · Fees: legal

    total $238,827 · program services $0 · management and general $238,827 · fundraising $0

  • 11c · Fees: accounting

    total $114,531 · program services $0 · management and general $114,531 · fundraising $0

  • 11d · Fees: lobbying

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 11e · Fees: professional fundraising services

    total $0 · fundraising $0

  • 11f · Fees: investment management

    total $172,243 · program services $0 · management and general $172,243 · fundraising $0

  • 11g · Fees: other

    total $13,216,291 · program services $7,978,091 · management and general $4,995,227 · fundraising $242,973

  • 12 · Advertising and promotion

    total $2,484,877 · program services $587,926 · management and general $1,861,669 · fundraising $35,282

  • 13 · Office expenses

    total $2,854,141 · program services $1,690,179 · management and general $975,161 · fundraising $188,801

  • 14 · Information technology

    total $1,215,782 · program services $561,498 · management and general $653,682 · fundraising $602

  • 15 · Royalties

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 16 · Occupancy

    total $29,556,974 · program services $15,022,483 · management and general $14,528,602 · fundraising $5,889

  • 17 · Travel

    total $9,679,504 · program services $9,257,012 · management and general $361,479 · fundraising $61,013

  • 18 · Travel or entertainment for public officials

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 19 · Conferences, conventions and meetings

    total $1,664,065 · program services $981,642 · management and general $482,078 · fundraising $200,345

  • 20 · Interest

    total $238,322 · program services $238,322 · management and general $0 · fundraising $0

  • 21 · Payments to affiliates

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 22 · Depreciation, depletion and amortization

    total $18,077,420 · program services $14,771,934 · management and general $3,305,486 · fundraising $0

  • 23 · Insurance

    total $2,010,601 · program services $80,965 · management and general $1,913,576 · fundraising $16,060

  • 24a · Other expenses: Dues and Subscriptions

    total $8,475,700 · program services $4,722,965 · management and general $3,701,873 · fundraising $50,862

  • 24b · Other expenses: Bookstore Expense

    total $5,356,262 · program services $5,356,262 · management and general $0 · fundraising $0

  • 24c · Other expenses: Small Equipment and Supplies

    total $4,239,035 · program services $2,139,055 · management and general $2,058,435 · fundraising $41,545

  • 24d · Other expenses: Meals and Entertainment

    total $1,228,731 · program services $1,228,731

  • 24e · All other expenses

    total $3,948,367 · program services $2,096,922 · management and general $1,711,015 · fundraising $140,430

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $7,630 · end of year $5,197

  • 2 · Savings and temporary cash investments

    beginning of year $49,857,509 · end of year $22,870,323

  • 3 · Pledges and grants receivable

    beginning of year $35,569,329 · end of year $30,570,802

  • 4 · Accounts receivable

    beginning of year $4,713,052 · end of year $5,773,327

  • 5 · Loans and receivables from officers and key people

    beginning of year $1,600,000 · end of year $1,600,000

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 7 · Other notes and loans receivable

    beginning of year $1,515,703 · end of year $1,971,690

  • 8 · Inventories for sale or use

    beginning of year $308,608 · end of year $288,976

  • 9 · Prepaid expenses and deferred charges

    beginning of year $582,870 · end of year $782,565

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

    $1,357,908,323

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

    $204,649,030

  • 10c · Land, buildings and equipment, net

    beginning of year $1,005,449,522 · end of year $1,153,259,293

  • 11 · Investments: publicly traded securities

    beginning of year $324,240,210 · end of year $320,590,987

  • 12 · Investments: other securities

    beginning of year $0

  • 13 · Investments: program-related

    beginning of year $0

  • 15 · Other assets

    beginning of year $50,628,684 · end of year $27,289,414

  • 17 · Accounts payable and accrued expenses

    beginning of year $39,245,699 · end of year $48,455,617

  • 19 · Deferred revenue

    beginning of year $9,048,741 · end of year $12,499,971

  • 20 · Tax-exempt bond liabilities

    beginning of year $136,365,159 · end of year $129,520,337

  • 21 · Escrow or custodial account liability

    beginning of year $212,789 · end of year $194,748

  • 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 $5,450,756 · end of year $5,281,728

  • 25 · Other liabilities

    beginning of year $5,804,129 · end of year $54,862,165

  • 27 · Net assets without donor restrictions

    beginning of year $977,150,417 · end of year $1,025,988,363

  • 28 · Net assets with donor restrictions

    beginning of year $301,195,427 · end of year $288,199,645

Mission and programs · 2022

Mission

BELMONT UNIVERSITY IS A CHRIST-CENTERED AND STUDENT FOCUSED CHRISTIAN COMMUNITY PROVIDING AN ACADEMICALLY CHALLENGING EDUCATION THAT EMPOWERS MEN AND WOMEN OF DIVERSE BACKGROUNDS TO ENGAGE AND TRANSFORM THE WORLD WITH DISCIPLINED INTELLIGENCE, COMPASSION, COURAGE AND FAITH.

Activities or mission (Part I)

BELMONT UNIVERSITY IS A PRIVATE, COEDUCATIONAL INSTITUTION FOCUSED ON UNDERGRADUATE AND POST-GRADUATE EDUCATION. IT PROVIDES AN ACADEMICALLY CHALLENGING EDUCATION AND STRIVES TO BE A LEADER AMONG TEACHING UNIVERSITIES BRINGING TOGETHER THE BEST OF LIBERAL ARTS AND PROFESSIONAL EDUCATION IN A CHRISTIAN COMMUNITY OF LEARNING AND SERVICE.

  • EDUCATIONAL PROGRAMS, INSTRUCTION AND STUDENT SERVICES ARE PROVIDED TO MORE THAN 8,900 STUDENTS, OFFERING MORE THAN 139 UNDERGRADUATE AND GRADUATE ACADEMIC PROGRAMS THROUGH ITS FOURTEEN COLLEGES AND SCHOOLS, INCLUDING THE MIKE CURB COLLEGE OF ENTERTAINMENT AND MUSIC BUSINESS, COLLEGE OF PHARMACY, THE COLLEGE OF BUSINESS ADMINISTRATION, AND THE COLLEGE OF LAW. BELMONT OFFERS INTERCOLLEGIATE ATHLETICS IN FIFTEEN DIFFERENT SPORTS, ALL COMPETING IN THE MISSOURI VALLEY CONFERENCE. BELMONT STUDENT ATHLETES HAVE COMPILED IMPRESSIVE RECORDS, BOTH ON AND OFF THE PLAYING COURT AND FIELD. THE BELMONT MEN'S BASKETBALL TEAM HAS MADE APPEARANCES IN SEVEN OUT OF THE PAST FIFTEEN NCAA NATIONAL CHAMPIONSHIP TOURNAMENTS, AND QUALIFIED IN 2020 PRIOR TO ITS CANCELLATION DUE TO COVID-19. THE MEN'S BASEBALL TEAM HAS MADE APPEARANCES IN THEIR RESPECTIVE NCAA TOURNAMENT IN TWO OF THE PAST NINE YEARS. STUDENT ACTIVITIES ROUND OUT THE COLLEGIATE EXPERIENCE, WITH A FOCUS ON CAMPUS LIFE AND COMMUNITY, STUDENT HEALTH AND WELFARE, AND STUDENT ADVOCACY AND SUPPORT. THERE ARE CURRENTLY MORE THAN 148 CLUBS AND ORGANIZATIONS AVAILABLE TO STUDENTS.

    Expenses $327,457,389 · Grants $129,879,253 · Revenue $420,009,981

As filed on the 2022 return.

Listed in Part VII

  • Gordon Inman

    Vice Chair

    Total calculated
    $0
    Hours/week
    1

  • Joe Russell

    Secretary

    Total calculated
    $0
    Hours/week
    1

  • R Milton Johnson

    Chair

    Total calculated
    $0
    Hours/week
    1

  • Agenia Clark

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Alfonzo Alexander

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Angela Webb

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Anne Russell

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Barbara Massey Rogers

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Ben L Rechter

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Bruce Maxwell

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Carolyn McAfee Bruner

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Chris Bollinger

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Claire Tucker

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Clay Stauffer

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Cordia Harrington

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Cynthia Leu

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Dan Foutch

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Drew Maddux

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Gabriel Salguero

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Harry Allen

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • James Archer

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Jamie Jones

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Janet Ayers

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Jim Wright

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • John R Faison Sr

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Kimberly Williams Paisley

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Larry Kloess

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Larry Thrailkill

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Lee Beaman

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Rebecca McKelvey Castaneda

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Ron Knox

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Rusty Gaston

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Steve Hewlett

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Steve Horrell

    Trustee (partial year)

    Total calculated
    $0
    Hours/week
    1

  • Amy Crook

    VP Transformative Innovation

    Total calculated
    $280,025
    From this org
    $263,801
    From related orgs
    $0
    Other
    $16,224
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $263,482
    Bonus
    $0
    Other
    $319
    Deferred
    $13,229
    Nontaxable benefits
    $2,995
    Filer's total
    $280,025

  • Christopher Gage

    VP for Enrollment

    Total calculated
    $263,955
    From this org
    $246,888
    From related orgs
    $0
    Other
    $17,067
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $246,533
    Bonus
    $0
    Other
    $355
    Deferred
    $12,474
    Nontaxable benefits
    $4,593
    Filer's total
    $263,955

  • Clifton Perry Moulds

    VP of University Advancement

    Total calculated
    $343,526
    From this org
    $317,591
    From related orgs
    $0
    Other
    $25,935
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $317,236
    Bonus
    $0
    Other
    $355
    Deferred
    $15,250
    Nontaxable benefits
    $10,685
    Filer's total
    $343,526

  • David Gregory

    EVP for Academic Excellence & Provost

    Total calculated
    $370,814
    From this org
    $349,533
    From related orgs
    $0
    Other
    $21,281
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $348,872
    Bonus
    $0
    Other
    $661
    Deferred
    $15,250
    Nontaxable benefits
    $6,031
    Filer's total
    $370,814

  • Jason Rogers

    EVP for External Engagement & University Counsel

    Total calculated
    $377,913
    From this org
    $351,707
    From related orgs
    $0
    Other
    $26,206
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $350,944
    Bonus
    $0
    Other
    $763
    Deferred
    $15,250
    Nontaxable benefits
    $10,956
    Filer's total
    $377,913

  • L Greg Jones

    President

    Total calculated
    $1,084,235
    From this org
    $945,831
    From related orgs
    $0
    Other
    $138,404
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $924,518
    Bonus
    $0
    Other
    $21,313
    Deferred
    $119,750
    Nontaxable benefits
    $18,654
    Filer's total
    $1,084,235

  • Paula Gill

    VP Institutional Effectiveness

    Total calculated
    $424,589
    From this org
    $402,905
    From related orgs
    $0
    Other
    $21,684
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $402,004
    Bonus
    $0
    Other
    $901
    Deferred
    $15,250
    Nontaxable benefits
    $6,434
    Filer's total
    $424,589

  • Sarah Cates

    VP Imagination/Strategic Initiatives

    Total calculated
    $263,020
    From this org
    $241,963
    From related orgs
    $0
    Other
    $21,057
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $241,638
    Bonus
    $0
    Other
    $325
    Deferred
    $12,417
    Nontaxable benefits
    $8,640
    Filer's total
    $263,020

  • Scott Corley

    VP & Athletic Director

    Total calculated
    $337,358
    From this org
    $308,183
    From related orgs
    $0
    Other
    $29,175
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $307,780
    Bonus
    $0
    Other
    $403
    Deferred
    $15,250
    Nontaxable benefits
    $13,925
    Filer's total
    $337,358

  • Steven Lasley

    VP of Finance and Operations

    Total calculated
    $484,177
    From this org
    $454,828
    From related orgs
    $0
    Other
    $29,349
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $453,561
    Bonus
    $0
    Other
    $1,267
    Deferred
    $15,250
    Nontaxable benefits
    $14,099
    Filer's total
    $484,177

  • Susan West

    EVP for Administration/Chief of Staff

    Total calculated
    $389,453
    From this org
    $365,286
    From related orgs
    $0
    Other
    $24,167
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $364,385
    Bonus
    $0
    Other
    $901
    Deferred
    $15,250
    Nontaxable benefits
    $8,917
    Filer's total
    $389,453

  • Tamika Wordlow Williams

    VP for Student Formation & Dean of Students

    Total calculated
    $240,037
    From this org
    $213,524
    From related orgs
    $0
    Other
    $26,513
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $213,205
    Bonus
    $0
    Other
    $319
    Deferred
    $6,600
    Nontaxable benefits
    $19,913
    Filer's total
    $240,037

  • Thomas Burns

    Provost

    Total calculated
    $485,176
    From this org
    $456,001
    From related orgs
    $0
    Other
    $29,175
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $455,390
    Bonus
    $0
    Other
    $611
    Deferred
    $15,250
    Nontaxable benefits
    $13,925
    Filer's total
    $485,176

  • Todd Lake

    VP of Spiritual Development

    Total calculated
    $279,487
    From this org
    $191,099
    From related orgs
    $0
    Other
    $88,388
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $191,099
    Bonus
    $0
    Other
    $0
    Deferred
    $13,763
    Nontaxable benefits
    $74,625
    Filer's total
    $279,487

  • Alberto Gonzales

    Dean

    Total calculated
    $497,177
    From this org
    $463,241
    From related orgs
    $0
    Other
    $33,936
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $462,507
    Bonus
    $0
    Other
    $734
    Deferred
    $15,250
    Nontaxable benefits
    $18,686
    Filer's total
    $497,177

  • Anderson Spickard

    Dean

    Total calculated
    $371,123
    From this org
    $340,948
    From related orgs
    $0
    Other
    $30,175
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $340,425
    Bonus
    $0
    Other
    $523
    Deferred
    $15,250
    Nontaxable benefits
    $14,925
    Filer's total
    $371,123

  • Charles Apigian

    Executive Director

    Total calculated
    $280,081
    From this org
    $246,680
    From related orgs
    $0
    Other
    $33,401
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $246,325
    Bonus
    $0
    Other
    $355
    Deferred
    $7,656
    Nontaxable benefits
    $25,745
    Filer's total
    $280,081

  • Jhennifer Amundson

    Dean

    Total calculated
    $286,410
    From this org
    $249,658
    From related orgs
    $0
    Other
    $36,752
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $249,050
    Bonus
    $0
    Other
    $608
    Deferred
    $12,807
    Nontaxable benefits
    $23,945
    Filer's total
    $286,410

  • Sarah Gardial

    Dean

    Total calculated
    $468,274
    From this org
    $434,311
    From related orgs
    $0
    Other
    $33,963
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $433,284
    Bonus
    $0
    Other
    $1,027
    Deferred
    $15,250
    Nontaxable benefits
    $18,713
    Filer's total
    $468,274

  • Bart Brooks

    Head Woman's Basketball Coach

    Total calculated
    $753,298
    From this org
    $664,103
    From related orgs
    $0
    Other
    $89,195
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $333,482
    Bonus
    $70,094
    Other
    $260,527
    Deferred
    $65,250
    Nontaxable benefits
    $23,945
    Filer's total
    $753,298

  • Casey Alexander

    Head Men's Basketball Coach

    Total calculated
    $1,076,503
    From this org
    $984,248
    From related orgs
    $0
    Other
    $92,255
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $953,605
    Bonus
    $30,000
    Other
    $643
    Deferred
    $68,310
    Nontaxable benefits
    $23,945
    Filer's total
    $1,076,503

  • Jeffrey Kinsler

    Professor

    Total calculated
    $337,911
    From this org
    $316,687
    From related orgs
    $0
    Other
    $21,224
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $316,136
    Bonus
    $0
    Other
    $551
    Deferred
    $15,250
    Nontaxable benefits
    $5,974
    Filer's total
    $337,911

  • Philip Johnston

    Associate Provost

    Total calculated
    $413,392
    From this org
    $378,668
    From related orgs
    $0
    Other
    $34,724
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $378,403
    Bonus
    $0
    Other
    $265
    Deferred
    $15,250
    Nontaxable benefits
    $19,474
    Filer's total
    $413,392

  • Stephanie McClure

    Clinician Educator

    Total calculated
    $406,713
    From this org
    $378,162
    From related orgs
    $0
    Other
    $28,551
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $377,261
    Bonus
    $0
    Other
    $901
    Deferred
    $15,250
    Nontaxable benefits
    $13,301
    Filer's total
    $406,713

  • Robert Fisher

    President Emeritus

    Total calculated
    $648,137
    From this org
    $623,074
    From related orgs
    $0
    Other
    $25,063
    Hours/week
    10

    Schedule J breakdown matched by us

    Base
    $621,573
    Bonus
    $0
    Other
    $1,501
    Deferred
    $15,250
    Nontaxable benefits
    $9,813
    Filer's total
    $648,137

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 · Tax indemnification and gross-up payments
  • 1a · Housing allowance or residence for personal use
  • 1a · Health or social club dues or initiation fees
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4a · Severance or change-of-control payment
  • 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 Travel for companions
Susan Pendleton Jones accompanied President Jones on a couple trips during the year. Cost was not included as taxable compensation for Dr. Susan Jones.
Schedule J, Part I, Line 1a Tax indemnification and gross-up payments
President Jones received a grossed-up payment for the imputed interest owed on his internal loan with the university. This was included as taxable compensation.
Schedule J, Part I, Line 1a Housing allowance or residence for personal use
Todd Lake, VP for Spiritual Development, receives a qualified minister allowance in the amount of $5,000 per month. This amount is removed from taxable income on his annual W-2.
Schedule J, Part I, Line 1a Health or social club dues or initiation fees
The university pays an annual golf club membership on behalf of its head basketball coach. The membership is being treated as taxable compensation to the basketball coach.
Schedule J, Part I, Line 4b Supplemental nonqualified retirement plan
Belmont University allows certain executives to participate in a supplemental non-qualified retirement plan. In FY23 the organization made the following supplemental nonqualified retirement plan contributions: Dr. Robert Fisher, President Emeritus - No additional accruals were contributed to his plan per his contract. Dr. Greg Jones, University President - $104,500 Casey Alexander, Head Men's Basketball Coach - $53,060 Bart Brooks, Head Woman's Basketball Coach - $50,000 In FY23 the organization made the following supplemental nonqualified retirement plan distributions: Dr. Robert Fisher - $236,571 Bart Brooks - $260,202

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.

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.

  • MIDTOWN CAPITAL INVESTMENTS LLC

    FUTURE DEVELOPMENT OF CAMPUS FACILITIES · TN · income $0 · assets $0

    Directly controlled by 100

Related corporations and trusts

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

  • CHARITABLE REMAINDER TRUST (1)

    Trust · INVESTMENTS · TN · controlled entity

    Directly controlled by NA

  • THE ATHLETE'S HOUSE INTERNATIONAL LTD

    S Corporation · DEVELOPMENT OF CAMPUS FACILITIES · TN · share of income -$515 · share of assets $13,073 · controlled entity

    Directly controlled by BELMONT UNIVERSITY

Provenance

Return type
form_990
Tax year
2022
Filed
11 April 2024
IRS schema version
2022v5.0
Source object
202431029349301813

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