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Nonprofiteer
← BELMONT UNIVERSITY

Form 990 for tax year 2023

Filed by BELMONT UNIVERSITY.

Totals

Total revenue
$523,196,221
Total expenses
$462,110,031
Contributions and grants received
$59,815,328
Grants paid
$139,275,316
Program service revenue
$421,771,162
Investment income
$26,749,783
Other revenue
$14,859,948
Total assets, end of year
$1,813,637,235
Total liabilities, end of year
$409,057,763
Net assets or fund balances, end of year
$1,404,579,472
Program services expenses (Part IX)
$348,523,951
Management and general expenses
$106,404,085
Fundraising expenses
$7,181,995
Program service expenses (Part III)
$348,523,951

Program services were 75.4% 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

    $5,000

  • 1e · Government grants (contributions)

    $4,348,591

  • 1f · All other contributions, gifts and grants

    $55,461,737

  • 1g · Noncash contributions included above

    $966,375

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

    total $366,620,326 · related or exempt $366,620,326

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

    total $37,712,428 · related or exempt $37,712,428

  • 2c · Program service revenue: BOOKSTORE SALES

    total $6,296,801 · related or exempt $6,296,801

  • 2d · Program service revenue: Study Abroad

    total $4,499,896 · related or exempt $4,499,896

  • 2e · Program service revenue: Athletics

    total $2,725,902 · related or exempt $2,725,902

  • 2f · All other program service revenue

    total $3,915,809 · related or exempt $3,915,809 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $13,461,943 · unrelated business -$25,945 · excluded $13,487,888

  • 5 · Royalties

    total $600,580 · excluded $600,580

  • 6a · Gross rents

    real property $604,871

  • 6b · Less rental expenses

    real property $465,449

  • 6c · Rental income or loss

    real property $139,422 · personal property $0

  • 6d · Net rental income or loss

    total $139,422 · excluded $139,422

  • 7a · Gross sales of assets other than inventory

    securities $35,557,471

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

    securities $22,269,631

  • 7c · Gain or loss

    securities $13,287,840 · other assets $0

  • 7d · Net gain or loss

    total $13,287,840 · excluded $13,287,840

  • 8a · Fundraising events: gross income

    $3,835

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

    $5,000

  • 8b · Fundraising events: direct expenses

    $10,143

  • 8c · Net income from fundraising events

    total -$6,308 · excluded -$6,308

  • 10a · Gross sales of inventory

    $1,381,232

  • 10b · Cost of goods sold

    $1,053,374

  • 10c · Net income from sales of inventory

    total $327,858 · excluded $327,858

  • 11a · Other revenue: Cafeteria

    total $6,878,131 · related or exempt $6,878,131

  • 11b · Other revenue: Curb Events Center

    total $6,401,971 · related or exempt $3,004,562 · unrelated business $3,397,409

  • 11c · Other revenue: Ocean Way Music Studio

    total $518,294 · unrelated business $518,294

  • 11d · All other revenue

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

  • 11e · Other revenue, total

    $13,798,396

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $138,930,064 · program services $138,930,064

  • 3 · Grants to foreign organizations and individuals

    total $345,252 · program services $345,252

  • 5 · Compensation of officers, directors and key employees

    total $146,153,550 · program services $119,881,377 · management and general $22,007,480 · fundraising $4,264,693

  • 8 · Pension plan contributions

    total $5,955,191 · management and general $5,955,191

  • 9 · Other employee benefits

    total $29,452,509 · program services $28,375,927 · management and general $0 · fundraising $1,076,582

  • 10 · Payroll taxes

    total $882,450 · program services $0 · management and general $882,450 · fundraising $0

  • 11b · Fees: legal

    total $81,923 · program services $33,338 · management and general $48,585

  • 11c · Fees: accounting

    total $189,597 · management and general $189,597 · fundraising $0

  • 11d · Fees: lobbying

    total $39,412 · program services $36,296 · management and general $3,116

  • 11f · Fees: investment management

    total $163,444 · management and general $163,444

  • 11g · Fees: other

    total $15,454,990 · program services $6,888,304 · management and general $7,913,424 · fundraising $653,262

  • 12 · Advertising and promotion

    total $4,225,212 · program services $1,125,564 · management and general $3,009,942 · fundraising $89,706

  • 13 · Office expenses

    total $6,490,077 · program services $3,470,518 · management and general $2,738,097 · fundraising $281,462

  • 14 · Information technology

    total $1,004,309 · program services $412,807 · management and general $562,287 · fundraising $29,215

  • 15 · Royalties

    total $272 · management and general $272

  • 16 · Occupancy

    total $49,714,759 · program services $18,884,879 · management and general $30,822,433 · fundraising $7,447

  • 17 · Travel

    total $12,259,404 · program services $11,424,628 · management and general $657,323 · fundraising $177,453

  • 19 · Conferences, conventions and meetings

    total $2,614,825 · program services $853,243 · management and general $1,223,715 · fundraising $537,867

  • 20 · Interest

    total $163,548 · program services $9,330 · management and general $154,218

  • 22 · Depreciation, depletion and amortization

    total $21,813,644 · program services $8,806,711 · management and general $13,006,933

  • 23 · Insurance

    total $1,771,882 · program services $212,487 · management and general $1,559,395

  • 24a · Other expenses: Bookstore Expense

    total $9,754,779 · program services $5,251,961 · management and general $4,494,168 · fundraising $8,650

  • 24b · Other expenses: Small Equipment and Supplies

    total $6,703,020 · program services $1,270,107 · management and general $5,388,097 · fundraising $44,816

  • 24c · Other expenses: Dues and Subscriptions

    total $4,759,703 · program services $119,329 · management and general $4,630,618 · fundraising $9,756

  • 24d · Other expenses: Meals

    total $1,340,289 · program services $1,292,690 · management and general $47,599

  • 24e · All other expenses

    total $1,845,926 · program services $899,139 · management and general $945,701 · fundraising $1,086

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $5,197 · end of year $5,675

  • 2 · Savings and temporary cash investments

    beginning of year $22,870,323 · end of year $18,667,678

  • 3 · Pledges and grants receivable

    beginning of year $30,570,802 · end of year $54,450,723

  • 4 · Accounts receivable

    beginning of year $5,773,327 · end of year $7,830,217

  • 5 · Loans and receivables from officers and key people

    beginning of year $1,600,000 · end of year $1,900,000

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 7 · Other notes and loans receivable

    beginning of year $1,971,690 · end of year $2,491,828

  • 8 · Inventories for sale or use

    beginning of year $288,976 · end of year $582,602

  • 9 · Prepaid expenses and deferred charges

    beginning of year $782,565 · end of year $985,182

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

    $1,523,177,618

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

    $226,215,680

  • 10c · Land, buildings and equipment, net

    beginning of year $1,153,259,293 · end of year $1,296,961,938

  • 11 · Investments: publicly traded securities

    beginning of year $320,590,987 · end of year $333,628,776

  • 12 · Investments: other securities

    beginning of year $0

  • 13 · Investments: program-related

    beginning of year $0

  • 15 · Other assets

    beginning of year $27,289,414 · end of year $96,132,616

  • 17 · Accounts payable and accrued expenses

    beginning of year $48,455,617 · end of year $29,486,095

  • 19 · Deferred revenue

    beginning of year $12,499,971 · end of year $11,407,033

  • 20 · Tax-exempt bond liabilities

    beginning of year $129,520,337 · end of year $319,220,735

  • 21 · Escrow or custodial account liability

    beginning of year $194,748 · end of year $187,132

  • 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 $5,281,728 · end of year $5,103,451

  • 25 · Other liabilities

    beginning of year $54,862,165 · end of year $43,653,317

  • 27 · Net assets without donor restrictions

    beginning of year $1,025,988,363 · end of year $1,060,345,309

  • 28 · Net assets with donor restrictions

    beginning of year $288,199,645 · end of year $344,234,163

Mission and programs · 2023

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 8,800 STUDENTS, OFFERING MORE THAN 190 UNDERGRADUATE AND GRADUATE ACADEMIC PROGRAMS THROUGH ITS TWELVE COLLEGES AND SCHOOLS, INCLUDING THE MIKE CURB COLLEGE OF ENTERTAINMENT AND MUSIC BUSINESS, COLLEGE OF PHARMACY, THE MASSEY COLLEGE OF BUSINESS ADMINISTRATION, AND THE COLLEGE OF LAW. BELMONT OFFERS INTERCOLLEGIATE ATHLETICS IN FIFTEEN DIFFERENT SPORTS, COMPETING IN THE MISSOURI VALLEY CONFERENCE (MEN'S TENNIS IS AN AFFILIATE MEMBER OF THE HORIZON LEAGUE). BELMONT STUDENT-ATHLETES HAVE COMPILED IMPRESSIVE RECORDS, BOTH ON AND OFF THE PLAYING COURT AND FIELD. BELMONT IS THE ONLY INSTITUTION IN AMERICA WHOSE MEN'S AND WOMEN'S BASKETBALL PROGRAMS HAVE WON 20 OR MORE GAMES IN 10 CONSECUTIVE SEASONS. BELMONT HAS WON ITS CONFERENCE ACADEMIC ACHIEVEMENT AWARD 21 OF THE LAST 23 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 200 CLUBS AND ORGANIZATIONS AVAILABLE TO STUDENTS.

    Expenses $348,523,951 · Grants $139,275,316 · Revenue $431,653,855

As filed on the 2023 return.

Listed in Part VII

  • Anne Russell

    Secretary

    Total calculated
    $0
    Hours/week
    1

  • R Milton Johnson

    Chair

    Total calculated
    $0
    Hours/week
    1

  • Agenia Clark

    Trustee (Through 10/06/2023)

    Total calculated
    $0
    Hours/week
    1

  • Alfonzo Alexander

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Andrea Waitt Carlton

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Angela Webb

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Barbara Massey Rogers

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Bruce Maxwell

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Burke Nihill

    Trustee

    Total calculated
    $0

  • 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

  • Drew Maddux

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Emily Reynolds

    Trustee

    Total calculated
    $0

  • 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

  • Joe Russell

    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 (Through 12/31/24)

    Total calculated
    $0
    Hours/week
    1

  • Lee Beaman

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Michael Cuffe

    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

  • WINSTON JUSTICE

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • David Gregory

    EVP for Academic Excellence & Provost

    Total calculated
    $456,767
    From this org
    $426,487
    From related orgs
    $0
    Other
    $30,280
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $420,826
    Bonus
    $0
    Other
    $5,661
    Deferred
    $16,104
    Nontaxable benefits
    $14,176
    Filer's total
    $456,767

  • David Rosselli

    EVP For University Advancement

    Total calculated
    $341,667
    From this org
    $318,537
    From related orgs
    $0
    Other
    $23,130
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $260,357
    Bonus
    $0
    Other
    $58,180
    Deferred
    $12,619
    Nontaxable benefits
    $10,511
    Filer's total
    $341,667

  • Jason Rogers

    EVP for External Engagement & University Counsel

    Total calculated
    $416,725
    From this org
    $371,949
    From related orgs
    $0
    Other
    $44,776
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $363,848
    Bonus
    $0
    Other
    $8,101
    Deferred
    $16,500
    Nontaxable benefits
    $28,276
    Filer's total
    $416,725

  • L Greg Jones

    President

    Total calculated
    $1,109,290
    From this org
    $964,093
    From related orgs
    $0
    Other
    $145,197
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $942,858
    Bonus
    $0
    Other
    $21,235
    Deferred
    $125,703
    Nontaxable benefits
    $19,494
    Filer's total
    $1,109,290

  • Lori Baker

    EVP for Aspirational Excellence

    Total calculated
    $384,360
    From this org
    $366,810
    From related orgs
    $0
    Other
    $17,550
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $366,200
    Bonus
    $0
    Other
    $610
    Deferred
    $16,500
    Nontaxable benefits
    $1,050
    Filer's total
    $384,360

  • Paula Gill

    VP Institutional Effectiveness

    Total calculated
    $443,967
    From this org
    $412,594
    From related orgs
    $0
    Other
    $31,373
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $403,185
    Bonus
    $0
    Other
    $9,409
    Deferred
    $16,500
    Nontaxable benefits
    $14,873
    Filer's total
    $443,967

  • Scott Corley

    VP & Athletic Director

    Total calculated
    $374,829
    From this org
    $325,670
    From related orgs
    $0
    Other
    $49,159
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $325,147
    Bonus
    $0
    Other
    $523
    Deferred
    $16,500
    Nontaxable benefits
    $32,659
    Filer's total
    $374,829

  • Steven Lasley

    VP of Finance and Operations

    Total calculated
    $507,854
    From this org
    $465,785
    From related orgs
    $0
    Other
    $42,069
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $459,718
    Bonus
    $0
    Other
    $6,067
    Deferred
    $16,500
    Nontaxable benefits
    $25,569
    Filer's total
    $507,854

  • Susan West

    EVP for Administration/Chief of Staff

    Total calculated
    $425,752
    From this org
    $381,681
    From related orgs
    $0
    Other
    $44,071
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $377,180
    Bonus
    $0
    Other
    $4,501
    Deferred
    $16,500
    Nontaxable benefits
    $27,571
    Filer's total
    $425,752

  • Alberto Gonzales

    Dean

    Total calculated
    $508,730
    From this org
    $472,704
    From related orgs
    $0
    Other
    $36,026
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $471,970
    Bonus
    $0
    Other
    $734
    Deferred
    $16,500
    Nontaxable benefits
    $19,526
    Filer's total
    $508,730

  • Anderson Spickard

    Dean

    Total calculated
    $451,447
    From this org
    $402,228
    From related orgs
    $0
    Other
    $49,219
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $401,567
    Bonus
    $0
    Other
    $661
    Deferred
    $16,500
    Nontaxable benefits
    $32,719
    Filer's total
    $451,447

  • Brittany Schaffer

    Dean

    Total calculated
    $370,753
    From this org
    $349,099
    From related orgs
    $0
    Other
    $21,654
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $348,913
    Bonus
    $0
    Other
    $186
    Deferred
    $15,313
    Nontaxable benefits
    $6,341
    Filer's total
    $370,753

  • Charles Apigian

    Executive Director (Through 12/31/23)

    Total calculated
    $291,794
    From this org
    $258,729
    From related orgs
    $0
    Other
    $33,065
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $258,325
    Bonus
    $0
    Other
    $404
    Deferred
    $7,973
    Nontaxable benefits
    $25,092
    Filer's total
    $291,794

  • Ed Magee

    VP of Strategic Ops

    Total calculated
    $371,257
    From this org
    $346,040
    From related orgs
    $0
    Other
    $25,217
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $345,404
    Bonus
    $0
    Other
    $636
    Deferred
    $14,210
    Nontaxable benefits
    $11,007
    Filer's total
    $371,257

  • Jhennifer Amundson

    Dean

    Total calculated
    $294,808
    From this org
    $256,552
    From related orgs
    $0
    Other
    $38,256
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $255,818
    Bonus
    $0
    Other
    $734
    Deferred
    $13,164
    Nontaxable benefits
    $25,092
    Filer's total
    $294,808

  • Joshua Yates

    Executive Director

    Total calculated
    $389,510
    From this org
    $348,176
    From related orgs
    $0
    Other
    $41,334
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $347,773
    Bonus
    $0
    Other
    $403
    Deferred
    $13,316
    Nontaxable benefits
    $28,018
    Filer's total
    $389,510

  • Sarah Gardial

    Dean

    Total calculated
    $489,557
    From this org
    $444,061
    From related orgs
    $0
    Other
    $45,496
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $440,584
    Bonus
    $0
    Other
    $3,477
    Deferred
    $16,500
    Nontaxable benefits
    $28,996
    Filer's total
    $489,557

  • Bart Brooks

    Head Woman's Basketball Coach

    Total calculated
    $456,174
    From this org
    $362,332
    From related orgs
    $0
    Other
    $93,842
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $344,507
    Bonus
    $17,500
    Other
    $325
    Deferred
    $68,750
    Nontaxable benefits
    $25,092
    Filer's total
    $456,174

  • Casey Alexander

    Head Men's Basketball Coach

    Total calculated
    $1,161,506
    From this org
    $1,060,640
    From related orgs
    $0
    Other
    $100,866
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $1,039,997
    Bonus
    $20,000
    Other
    $643
    Deferred
    $75,774
    Nontaxable benefits
    $25,092
    Filer's total
    $1,161,506

  • Pat Whitworth III

    Clinician Educator

    Total calculated
    $412,312
    From this org
    $364,139
    From related orgs
    $0
    Other
    $48,173
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $363,820
    Bonus
    $0
    Other
    $319
    Deferred
    $15,833
    Nontaxable benefits
    $32,340
    Filer's total
    $412,312

  • Ryan Grippo

    Associate Professor

    Total calculated
    $413,529
    From this org
    $368,796
    From related orgs
    $0
    Other
    $44,733
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $368,471
    Bonus
    $0
    Other
    $325
    Deferred
    $16,500
    Nontaxable benefits
    $28,233
    Filer's total
    $413,529

  • Stephanie McClure

    Clinician Educator

    Total calculated
    $415,125
    From this org
    $372,326
    From related orgs
    $0
    Other
    $42,799
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $371,425
    Bonus
    $0
    Other
    $901
    Deferred
    $16,500
    Nontaxable benefits
    $26,299
    Filer's total
    $415,125

  • Amy Crook

    Former Officer

    Total calculated
    $300,300
    From this org
    $270,179
    From related orgs
    $0
    Other
    $30,121
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $269,914
    Bonus
    $0
    Other
    $265
    Deferred
    $13,835
    Nontaxable benefits
    $16,286
    Filer's total
    $300,300

  • Christopher Gage

    Former Officer

    Total calculated
    $288,091
    From this org
    $262,107
    From related orgs
    $0
    Other
    $25,984
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $261,752
    Bonus
    $0
    Other
    $355
    Deferred
    $13,246
    Nontaxable benefits
    $12,738
    Filer's total
    $288,091

  • Clifton Perry Moulds

    Former Officer

    Total calculated
    $351,448
    From this org
    $306,927
    From related orgs
    $0
    Other
    $44,521
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $305,736
    Bonus
    $0
    Other
    $1,191
    Deferred
    $15,719
    Nontaxable benefits
    $28,802
    Filer's total
    $351,448

  • Robert Fisher

    President Emeritus

    Total calculated
    $245,712
    From this org
    $212,774
    From related orgs
    $0
    Other
    $32,938
    Hours/week
    25

    Schedule J breakdown matched by us

    Base
    $211,604
    Bonus
    $0
    Other
    $1,170
    Deferred
    $10,979
    Nontaxable benefits
    $21,959
    Filer's total
    $245,712

  • Sarah Cates

    Former Officer

    Total calculated
    $302,439
    From this org
    $264,094
    From related orgs
    $0
    Other
    $38,345
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $263,269
    Bonus
    $0
    Other
    $825
    Deferred
    $13,521
    Nontaxable benefits
    $24,824
    Filer's total
    $302,439

  • Tamika Wordlow Williams

    Former Officer

    Total calculated
    $270,745
    From this org
    $243,713
    From related orgs
    $0
    Other
    $27,032
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $243,394
    Bonus
    $0
    Other
    $319
    Deferred
    $7,479
    Nontaxable benefits
    $19,553
    Filer's total
    $270,745

  • Todd Lake

    Former Officer

    Total calculated
    $288,309
    From this org
    $183,414
    From related orgs
    $0
    Other
    $104,895
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $181,684
    Bonus
    $0
    Other
    $1,730
    Deferred
    $14,176
    Nontaxable benefits
    $90,719
    Filer's total
    $288,309

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 Rev. Susan Jones.
Schedule J, Part I, Line 1a Tax indemnification and gross-up payments
Greg L Jones and David Rosselli received gross-up payments during 2023. This is being treated 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 FY24 the organization made the following supplemental nonqualified retirement plan contributions: Dr. Greg Jones, University President - $109,203 Casey Alexander, Head Men's Basketball Coach - $59,274 Bart Brooks, Head Woman's Basketball Coach - $52,250 In FY24 the organization made no supplemental nonqualified retirement plan distributions.

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 $12,558 · controlled entity

    Directly controlled by BELMONT UNIVERSITY

Provenance

Return type
form_990
Tax year
2023
Filed
12 April 2025
IRS schema version
2023v6.0
Source object
202501029349300310

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