2025-04-10T16:29:49+00:00 2024-05-31 990 2023-06-01 750800689 Southern Methodist University SOUT 2147682004 3140 DYER ST MS261 Dallas TX 752750261 Christine Regis Senior VP Business & Finance, CFO 2025-04-10 2023 2025-03-06 01:10:19Z R Gerald Turner 3140 DYER ST MS261 Dallas TX 752750261 1474915755 false X www.smu.edu X 1911 TX The Primary mission of the university is education through research and teaching by creating and imparting knowledge that will shape citizens who contribute to their communities and lead professions in a global society. 42 39 6364 2712 2644991 0 151728503 270352292 748985506 775567487 128635382 94738888 11915526 8049079 1041264917 1148707746 233107956 242124595 0 371773934 407465072 2015790 2147855 24741377 296769947 338099173 903667627 989836695 137597290 158871051 4211825864 4478544364 854148712 836852358 3357677152 3641692006 X The primary mission of the University is education through research and teaching by creating and imparting knowledge that will shape citizens who contribute to their communities and lead professions in a global society. false false 609882849 229965376 667390483 Instructional: Instructional programs include academic instruction and services for undergraduate and graduate students including financial aid in the form of scholarships and fellowships. Student enrollment for Fall Semester 2023 was 11,853 and Spring Semester 2024 was 11,444. 110101963 20261182 10737598 Student Services : This category includes athletic expenditures and services that support educational activities. Services includes the offices of admissions and registrar. It encompasses student activities, organizations, athletics, counseling and guidance and admissions and records. 89676929 33285940 Sponsored Research: Sponsored research includes expenditures for all activities that are part of the University's research program, including activities specifically organized to produce research outcomes, whether commissioned by an agency external to the institution or separately budgeted by an organizational unit within the institution. 70423930 64153466 Organized Activities: Organized activities make available to the public various resources that exist within the University such as seminars, conferences and camps. It also includes auxiliiary activities that support educational activities such as bookstore, student housing, vending and food administration and independent operations. 70423930 64153466 880085671 true true false true true false true false true true true false false true false false true true true true false false true true false false true true true true false true false false false false true false false false true true false false false true true true false false true X 17045 0 true 6364 true true true true UK false false false true true false false false false false false false true false X 42 39 true false false false false false false true true false false true true true true true false true true true true AL AK AZ AR CA CO CT DE FL GA HI ID IL IN IA KS KY LA ME MD MA MI MN MS MO MT NE NV NH NJ NM NY NC ND OH OK OR PA RI SC SD TN TX UT VT VA WA WV WI WY X Bridget Cartmill 2147682004 6116 N Central Expressway Ste 1210 Dallas TX 752750261 Robert G Turner President/Trustee 36.5 1.0 X X 1833395 0 209191 Alley B Alley Trustee 1.0 0 X 0 0 0 Antoine LV Dijkstra Trustee 1.0 0 X 0 0 0 Antonio O Garza Jr Trustee 1.0 0 X 0 0 0 Bobby B Lyle Trustee 1.0 0 X 0 0 0 Caren H Prothro Trustee 1.0 0 X 0 0 0 Carl Sewell Trustee 1.0 0 X 0 0 0 Clark K Hunt Trustee 1.0 0 X 0 0 0 Connie O'Neill Trustee 1.0 0 X 0 0 0 Cynthia Fierro Harvey Trustee 1.0 0 X 0 0 0 David B Miller Trustee 1.0 0 X 0 0 0 David S Huntley Trustee 1.0 0 X 0 0 0 Douglas Smellage Trustee 1.0 0 X 0 0 0 Frances A Moody-Dahlberg Trustee 1.0 0 X 0 0 0 Frederick B Hegi Jr Trustee 1.0 0 X 0 0 0 Gary T Crum Trustee 1.0 0 X 0 0 0 Gerald J Ford Trustee 1.0 0 X 0 0 0 Jackson Overton Trustee - Student 1.0 0 X 0 0 0 Jeanne L Phillips Trustee 1.0 0 X 0 0 0 Jeanne Tower Cox Trustee 1.0 0 X 0 0 0 Juan Antonio Moreno Trustee 1.0 0 X 0 0 0 Katherine Crow Trustee 1.0 0 X 0 0 0 Kelly H Compton Trustee 1.0 0 X 0 0 0 Laura Welch Bush Trustee 1.0 0 X 0 0 0 Michael Boone Trustee 1.0 0 X 0 0 0 Michael McKee Trustee 1.0 0 X 0 0 0 Paul B Loyd Jr Trustee 1.0 0 X 0 0 0 Paul L Rasmussen Trustee 1.0 0 X 0 0 0 Ray L Hunt Trustee 1.0 0 X 0 0 0 Richard K Templeton Trustee 1.0 0 X 0 0 0 Richard Ware Trustee 1.0 0 X 0 0 0 Richie L Butler Trustee 1.0 0 X 0 0 0 Robert Frank Trustee - Faculty 37.5 0 X 0 0 0 Robert H Dedman Jr Trustee 1.0 0 X 0 0 0 Royce E Wilson Sr Trustee 1.0 0 X 0 0 0 Ruth S Altshuler Trustee 1.0 0 X 0 0 0 Sarah Perot Trustee 1.0 0 X 0 0 0 Scott J Jones Trustee 1.0 0 X 0 0 0 Scott McLean Trustee 1.0 0 X 0 0 0 Sheron Patterson Trustee 1.0 0 X 0 0 0 Tucker S Bridwell Trustee 1.0 0 X 0 0 0 William Armstrong Trustee 1.0 0 X 0 0 0 Abby Herrera Trustee - Student 1.0 0 X 5748 0 0 Robert Michael Harris Trustee - Faculty 37.5 0 X 155251 0 16301 Brad Cheves V.P. for Development, Alumni Relations and Public Affairs 37.5 5.0 X 716523 0 264385 Christine Regis V.P. for Business and Finance 36.5 5.0 X 706629 0 85562 Donna M Morrow Associate University Secretary 37.5 0 X 201984 0 36554 Elizabeth Loboa Provost and Vice President for Academic Affairs 36.5 1.0 X 733254 0 253334 Harold Stanley VP Executive Affairs 36.5 3.0 X 444533 0 55993 Kenechukwu Mmeje V.P. for Student Affairs 37.5 0 X 625896 0 124578 Mary Anne Rogers Assistant Secretary 37.5 0 X 0 0 0 Paul Ward V.P. for Legal Affairs and Secretary 36.5 6.0 X 655264 0 88352 Rakesh Dahiya Chief Investment Officer 37.5 0 X 715417 0 204590 Matthew Myers Dean Key Employee 37.5 0 X 590368 0 188791 Thomas DiPiero Dean Key Employee 37.5 0 X 438690 0 46549 Rick Hart Athletic Director 37.5 0 X 948570 0 135087 Robert Lanier Head Basketball Coach -Current 37.5 0 X 3070721 0 204761 Thomas R Lashlee Head Football Coach 37.5 0 X 2413682 0 57136 William Maxwell Professor of Finance 37.5 0 X 588903 0 37510 William Dillon Sr. Assoc Dean Business 37.5 0 545485 0 61905 15390313 0 2070579 823 false true false JE Dunn Construction Company 1001 Locust Street Kansas City MO 64106 Construction 64848862 Rogers O'Brien Construction Company 1901 Regal Row dallas TX 75235 Construction 50747873 Aramark Corporation 24818 Network Place Chicago IL 60673 Dining 27913535 Siemens Building Technologies Inc 8600 North Royal Lane Ste 100 Irving TX 75063 Construction 26518455 EC Build LLC 100 North 6th Street Philadelphia PA 19106 Construction 21445528 205 2084558 199174 268068560 28391632 270352292 Tuition and Fees 611710 621673264 621673264 Auxiliary Activities 611710 53038736 53038736 Sponsored Research 611710 33285940 33285940 All Other Program Revenue 611710 10737598 10737598 Student Activities 611710 11114730 11114730 45717219 45717219 0 0 775567487 33972109 1098938 32873171 732200 732200 9957191 9957191 -22628 -22628 0 -22628 -22628 382350857 322316278 60034579 0 60034579 1546053 58488526 1920010 2084558 3891731 -1971721 -1971721 Miscellaneous Revenue 900099 86237 86237 0 0 0 0 86237 1148707746 786343115 2644991 89367348 231040 231040 241893555 241893555 0 0 0 0 9488555 1201784 7470561 816210 0 0 0 0 308464595 268023478 28940373 11500744 22355382 19115566 2413477 826339 47752800 40832306 5155371 1765123 19403740 16591686 2094819 717235 4157531 381379 3745725 30427 541007 541007 221643 221643 2147855 2147855 16201010 16201010 39791581 38232461 1005755 553365 8604203 6835811 1581240 187152 19176741 16345037 1822206 1009498 19572348 17467674 1731466 373208 39127 32198 6929 0 45128621 41633901 3193855 300865 20159610 19526683 250630 382297 2054599 1851190 71767 131642 17889920 17889920 0 0 0 0 0 0 58753917 52847479 5500612 405826 6524271 7473789 -948779 -739 Other Expenses 62907481 56972729 3297050 2637702 Books and Periodicals 9669499 9524219 59411 85869 Public Relations 4091343 2704386 589476 797481 Property Costs 2614721 2477399 64044 73278 0 0 0 0 989836695 880085670 85009648 24741377 259011381 206254133 92119976 48561949 280724050 332306848 105140613 105679500 0 0 0 0 1352557 1001062 439805 417930 12429246 12921733 2217364012 766184425 1306241753 1451179587 533471169 601372278 1611499505 1706279417 0 9395809 12569927 4211825864 4478544364 149408924 161523791 349034014 325770066 0 0 355705774 349558501 854148712 836852358 882246787 938035389 2475430365 2703656617 3357677152 3641692006 4211825864 4478544364 158871051 125143803 0 X false true X true true true X 198610129 153300569 247852833 151728503 270352292 1021844326 0 0 198610129 153300569 247852833 151728503 270352292 1021844326 62870730 958973596 27386292 42960920 43015951 41037194 44661501 199061858 270371 2964245 3234616 0 0 0 0 0 0 1224140800 3665707566 0.7834 0.7466 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 221643 221643 879864027 880085670 1000000 0 250000 0 0 1000000 1000000 1000000 1000000 4000000 6000000 100000 215000 216000 221643 752643 250000 250000 250000 250000 1000000 1500000 0 0 0 0 0 3 1200 2408884 57014768 true true 972043 85838767 0 0 X X X X false 1995638466 37863774 196917064 22859232 60959712 31124031 2115476329 2012765650 26662760 71743349 22246642 64285312 29001339 1995638466 2037181719 101625935 -18219861 19301959 60743993 27776191 2012765650 1600212798 26888345 502117971 18300853 51745028 21991514 2037181719 1607485024 43348622 40355352 17347555 51262399 22366246 1600212798 0.0614 0.9386 0.0 true false 117170488 117170488 1734356768 585926644 1148430124 230311163 104023786 126287377 135525593 76233995 59291598 1451179587 Equity Funds With Daily Liquidation 428228021 C Diversifying Strategies Funds 452741154 C Private Equity Funds 687805520 C Mineral Rights 66663194 C Venture Capital Partnership Investments- Real Estate Funds Held in Trust by Others 11623676 C Fixed Income Funds Without Daily Liquidation 59217852 C Partnership Investments- Timber Other Investments 1706279417 Taxable Bonds Payable 301496471 US Government Student Loan Advances 992432 Deposits 47069598 349558501 Schedule D, Part XIII Part V, Line 4 -Intended Uses for Endowment Funds In accordance with donor restrictions, endowment funds are used to support scholarships, fellowships and other student aid; faculty and academic program support; technology and library resources as well as facility maintenance. Schedule D, Part XIII Part III, line 4 - Collections and Relation to Exempt Purpose The Meadows Museum at Southern Methodist University houses one of the largests and most comprehensive collections of Spanish art outside of Spain. With works dating from the 10th to the 21st century century, the internationally renowned collection presents a broad spectrum of art covering a thousand years of spanish heritage. The museum is a resource of Southern Methodist University that serves a broad and international audience as well as the university community through meaningful exhibitions, publications, workshops and other educational programs, and encourages public participation through a broad-based membership. Schedule D, Part VII Investments-Other Securities Continued Description : Other Investments Book Value: 8 Method: Cost Schedule D, Part XIII ASC 740 Footnote The consolidated financial statements for Southern Methodist University and supporting organizations included the following footnote: The University and the controlled corporations referenced in Note 1 have received determination letters from the Internal Revenue Service indicating they are exempt from federal income taxes under Section 501(a) of the Internal Revenue Code of 1986, as amended, as organizations described in Sections 501(c)(3) and are not private foundations under Sections 509(a)(1) and 509(a)(3), as such, contributions to these entities qualify for deduction as charitable contributions. The University and its consolidated entities are exempt from federal income taxes except to the extent they have unrelated business income. In addition, there were no uncertain income tax positions during the reporting periods. Accordingly, no tax liability or tax benefit is required under ASC 740, Income Taxes. Schedule D, Part V Endowment Market Values The endowment market values reported in this section do not include pledges receivable which are included for financial statement purposes in compliance with SFAS No. 116. Pledges do not generate income for spending and normally are not included when the University reports endowment fund market value for purposes other than the financial statements and are not included here. The University has elected to report marketable securities, equity method investments, and funds held in trust at fair value for financial statement purposes. The University has not elected to report other assets at fair value for financial statement purposes, and accordingly, neither the unrealized gains and losses in prior years, nor the gains in fiscal year 2024 are reported for financial statement purposes, except if those with losses are determined to be permanent impairments. Schedule D, Part V, Line 4 Intended uses of endowment funds In accordance with donor restrictions, endowment funds are used to support scholarships, fellowships and other student aid; faculty and academic program support; technology and library resources as well as facility maintenance. true true true true true true true false false false false false false false false true false true Schedule E, Part I, Line 3 RACIALLY NONDISCRIMINATORY POLICY The Southern Methodist University nondiscrimination statement appears on the University's website and in electronic and printed materials, such as the Student Handbook, admission brochures, advertisements, etc. THE POLICY CAN BE ACCESSED DIRECTLY BY CLICKING ON THE WORD "Legal Disclosures" AT THE BOTTOM OF EACH OFFICIAL UNIVERSITY WEBPAGE. Schedule E, Part I, Line 6(a) FINANCIAL AID OR ASSISTANCE FROM A GOVERNMENT The University participates in the Federal Supplemental Educational Opportunity Grant; Federal Work-Study Program, Federal Pell Grant, William D. Ford Federal Direct Loan Program, Texas Tuition Equalization Grant, and Texas College Access Loan Program and received federal and state funding for research grants and contracts. Central America and the Caribbean 9 Program Services Research 1183 Central America and the Caribbean Investments 52311772 East Asia and the Pacific Program Services Study Abroad 1080148 East Asia and the Pacific Program Services Research 73203 Europe (Including Iceland and Greenland) 4 Program Services Study Abroad 4623357 Europe (Including Iceland and Greenland) Investments 23134624 Europe (Including Iceland and Greenland) 4 Program Services Research, Exhibit, Teaching, Conferences 1594803 Middle East and North Africa Program Services Research 414 Middle East and North Africa Program Services Study Abroad 88674 North America (Canada & Mexico only) Program Services Research 5758 North America (Canada & Mexico only) Program Services Study Abroad, Teaching 500815 North America (Canada & Mexico only) Investments 21901359 Russia and Neighboring States Program Services Study Abroad 36119 South America Program Services Research 14813 South America Program Services Study Abroad 83347 Sub-Saharan Africa Program Services Research 29321 Sub-Saharan Africa Program Services Study Abroad 171870 South Asia Program Services Study Abroad 290040 South Asia Program Services Research 29914 Central America and the Caribbean Program Services Study Abroad 541837 9 8 0 0 9 8 105479710 1033661 106513371 true false true true true true Schedule F, Part I, Line 3 Method used to account for expenditures on org's financial statements CENTRAL AMERICA AND THE CARIBBEAN-Accrual; EAST ASIA AND THE PACIFIC-Accrual; EUROPE (INCLUDING ICELAND AND GREENLAND)-Accrual; MIDDLE EAST AND NORTH AFRICA-Accrual; NORTH AMERICA (CANADA & MEXICO ONLY)-Accrual; RUSSIA AND NEIGHBORING STATES-Accrual; SOUTH AMERICA-Accrual; SOUTH ASIA-Accrual; SUB-SAHARAN AFRICA-Accrual X X X X X X X true RUFFALO NOEL LEVITZ LLC 1025 KIRKWOOD PARKWAY SW Cedar Rapids IA 52404 TELEMARKETING false 152655 334100 -181445 MARTS & LUNDY INC 1200 WALL STREET WEST LYNDHURST NJ 07071 CONSULTING false 48759 -48759 PARADIGM FOUR 4780 ASHFORD DUNWOOD RD ATLANTA GA 30338 CONSULTING false 116000 -116000 152655 498859 -346204 AL AK AZ AR CA CO CT DE FL GA HI ID IL IN IA KS KY LA ME MD MA MI MN MS MO MT NE NV NH NJ NM NY NC ND OH OK OR PA RI SC SD TN TX UT VT VA WA WV WI WY Tate Lecture Series 2091915 910489 1181426 219233 134431 977430 506418 Athletic Forum Luncheons 374639 117800 256839 10387 469910 702423 22911 16 1538013 1056269 481744 27000 207433 251222 233314 129620 4004567 2084558 1920009 27000 437053 855563 1913167 658949 3891732 -1971723 true I AM A GOLFER PO BOX 196149 DALLAS TX 75219 832567899 501c3 30500 Event Sponsorship Junior Achievement 3000 Pegasus Park Dr Suite 720 Dallas TX 75247 750881589 501C3 7500 Event Sponsorship The National Football Foundation 433 Las Colinas Blvd Ste 1130 Irving TX 75039 510226347 501C3 8000 Event Sponsorship TAMEST-Texas Academy of Medicine Engineering Science and Technology 3925 W Braker Lane Suite 38018 MS D8800 Austin TX 78759 201014851 501C3 10000 Event Sponsorship Texas Womens Foundation 8150 N Central Expressway 110 Campbell Centre II DALLAS TX 75206 752048261 501c3 15000 FMV Parking, Catering, Venue, Swag Event Sponsorship 5 0 Student Tuition Grants and scholarships Schedule I, Part I, Line 2 Procedures for monitoring use of grant funds. The University provides financial aid to students to enable them to attend the University. All financial aid recipients are selected on an equal objectively determinable basis with other recipients. That is, all students receiving scholarships and fellowships are judged worthy based on the University's assessment of academic achievement, financial need and other similar standards. A list of recipients of scholarships and fellowships is maintained in the University's Financial Aid Office. X X X true true X X X X X X false true false true false false false true false Robert G Turner President/Trustee 1109130 0 411782 0 312483 0 187315 0 21876 0 2042586 0 250000 0 Robert Michael Harris Trustee - Faculty 131190 0 23792 0 269 0 13268 0 3033 0 171552 0 0 0 Elizabeth Loboa Provost and Vice President for Academic Affairs 638293 0 75000 0 19961 0 133000 0 120334 0 986588 0 0 0 Harold Stanley VP Executive Affairs 377848 0 50000 0 16685 0 33000 0 22993 0 500526 0 0 0 Paul Ward V.P. for Legal Affairs and Secretary 563849 0 75000 0 16415 0 63943 0 24409 0 743616 0 0 0 Kenechukwu Mmeje V.P. for Student Affairs 430172 0 181500 0 14224 0 91630 0 32948 0 750474 0 0 0 Brad Cheves V.P. for Development, Alumni Relations and Public Affairs 587015 0 91000 0 38508 0 172658 0 91727 0 980908 0 0 0 Christine Regis V.P. for Business and Finance 617806 0 75000 0 13823 0 63943 0 21619 0 792191 0 0 0 Rakesh Dahiya Chief Investment Officer 570973 0 131790 0 12654 0 33000 0 171590 0 920007 0 0 0 Donna M Morrow Associate University Secretary 198658 0 2000 0 1326 0 20467 0 16087 0 238538 0 0 0 Matthew Myers Dean Key Employee 540769 0 20000 0 29599 0 33000 0 155791 0 779159 0 0 0 Thomas DiPiero Dean Key Employee 408420 0 16500 0 13770 0 33000 0 13549 0 485239 0 0 0 Thomas R Lashlee Head Football Coach 447137 0 1950000 0 16545 0 26400 0 30736 0 2470818 0 0 0 William Maxwell Professor of Finance 347930 0 238499 0 2474 0 33000 0 4510 0 626413 0 0 0 Rick Hart Athletic Director 806495 0 120000 0 22075 0 33000 0 102087 0 1083657 0 0 0 Robert Lanier Head Basketball Coach -Current 490565 0 2555556 0 24600 0 33000 0 171761 0 3275482 0 0 0 William Dillon Sr. Assoc Dean Business 380051 0 160480 0 4954 0 33000 0 28905 0 607390 0 0 0 Schedule J, Part I, Line 1a First-class or charter travel Charter flight travel costs were incurred by Thomas R. Lashlee. First class/Business Class cost incurred by Robert Gerald Turner, Brad Cheves, Rakesh Dahiya, and Kenechukwu Mmeje. All travel reimbursements were for business purposes and were not considered taxable to the recipient. Schedule J, Part I, Line 1a Travel for companions The University's travel policy provides that expenses incurred by spouses are not reimbursable unless the spouse is traveling for a bona fide business purpose and the travel has been approved. Any exceptions to the policy require approval by the appropriate University officer. All spousal travel is processed under the provisions of the Tax Department's Spousal Travel policy which provides for evaluating the taxable component, if any, of the travel and the appropriate tax treatment and reporting. All spousal travel regarding President Turner also requires the review and approval of the Board of Trustees Audit Committee Chair. Appropriate approvals in accordance with policy are required prior to reimbursement. Spousal travel expenses were paid and were reported as taxable compensation for President Turner. Schedule J, Part I, Line 1a Health or social club dues or initiation fees There is a policy regarding review/approval of social club dues. The University has established a reporting period of November 1 through October 31 for reporting personal use of a club and calculating the personal portion of dues that should be reported as taxable income. Any personal charges at social clubs are reimbursed to the University when the billing is received, prior to payment. The employees who had personal amounts reported as taxable compensation related to social club dues are R Gerald Turner, Elizabeth Loboa, Brad Cheves, Matthew Myers, Rick Hart , Rhett Lashlee and Robert Lanier. Schedule J, Part I, Line 4b Supplemental nonqualified retirement plan To aid in retaining key employees, a non-qualified retention bonus plan is available to certain officers and key employees. Each year the plan provides dollar amounts, which is a flat annual amount per the participant's employment contract. Vested amounts are paid to participants as regular taxable income. The timing of the vested benefits varies by participant in the plan. Schedule J, Part I, Line 5a Compensation contingent on revenues of the organization Compensation contingent upon revenues of Organization. There is one person listed on Form 990, Part VII, who received an incentive compensation. The eligibility for and the amount of payment is determined by two components: A quantitative measure of the performance of the University's Investment Pool against an appropriate benchmark and a qualitative measure based on factors such as risk mitigation, quality of decision making and contributions to advancement of the endowment. Schedule J, Part I, Line 7 Non-fixed payments In order to recruit and retain key talent, Southern Methodist University offers short- and long-term incentive plans for certain employees listed in Part VII, Section A, Line 1a. For fiscal year 2024 the incentive plans were targeted in the areas of financial performance, athletic performance, academic excellence, and employee and student satisfaction. Schedule J, Part II, Column (D) Tuition waivers granted on the same basis as to any other benefit-eligible employee are reported on Part II column D A 2007 Southwest Higher Education Authority Inc 521442059 845040GD0 2007-02-14 100890740 Advance refund & defease a portion of principal on the 1999A (1/20/99) and 2002 (7/3/2002) Bonds. false false false B 2013 Southwest Higher Education Authority Inc 521442059 845040JZ8 2013-04-16 107014349 Finance new money projects. false false false C 2016 Southwest Higher Education Authority Inc 521442059 845040KW3 2016-05-27 142977767 Advance refund & defease a portion of principal on the 2009 (10/1/09) bonds. false false false D 2017 Southwest Higher Education UMB Authority Inc 521442059 845040LV4 2017-02-14 48860000 Currently refund a portion of principal on the 2007 (2/14/07) bonds. false false false A 74340000 1723384 115263154 0 0 922858 384931 0 0 113955365 0 false true true true B 59340000 0 107864279 0 0 0 820534 0 0 107043745 0 0 2021 false false true true C 30645000 0 147634447 0 0 1069687 0 0 26108635 120456125 0 2021 false true true true D 31130000 0 48860000 0 0 0 390000 0 0 0 48470000 0 true false true true A false false true true true true 0.017 0.0 0.017 false false true B false false false false 0.0 0.0 0.0 false false true C false false true true true true 0.007 0.0 0.007 false false true D false false true true true true 0.017 0.0 0.017 false false true A false false false true false false false false true B false false false true false false true Deutsche Bank 2.75 true false true C false false false true false false false false true D false true false true false false false false true A true B true C true D true Schedule K, Part II, Line 3 2007 SOUTHWEST HIGHER EDUCATION Authority Inc. TOTAL AMOUNT OF BOND PROCEEDS IS DIFFERENT FROM THE BOND ISSUE PRICE REPORTED ON SCHEDULE K, PART I, COLUMN (E) BECAUSE OF THE ADDITION OF INVESTMENT EARNINGS. Schedule K, Part II, Line 3 2013 SOUTHWEST HIGHER EDUCATION Authority Inc. TOTAL AMOUNT OF BOND PROCEEDS IS DIFFERENT FROM THE BOND ISSUE PRICE REPORTED ON SCHEDULE K, PART I, COLUMN (E) BECAUSE OF THE ADDITION OF INVESTMENT EARNINGS. Schedule K, Part II, Line 3 2016 SOUTHWEST HIGHER EDUCATION Authority Inc. TOTAL AMOUNT OF BOND PROCEEDS IS DIFFERENT FROM THE BOND ISSUE PRICE REPORTED ON SCHEDULE K, PART I, COLUMN (E) BECAUSE OF THE ADDITION OF INVESTMENT EARNINGS. Schedule K, Part II, Line 3 2017-2 Southwest Higher Education Authority Inc. TOTAL AMOUNT OF BOND PROCEEDS IS DIFFERENT FROM THE BOND ISSUE PRICE REPORTED ON SCHEDULE K, PART I, COLUMN (E) BECAUSE OF THE ADDITION OF INVESTMENT EARNINGS. Schedule K, Part IV, Line 2c COLUMN A Issuer name: 2007 Southwest Higher Education Authority Inc. The calculation for computing no rebate due was performed on 03/23/2022 Schedule K, Part IV, Line 2c COLUMN B Issuer name: 2013 Southwest Higher Education Authority Inc. The calculation for computing no rebate due was performed on 05/23/2023 Schedule K, Part IV, Line 2c COLUMN C Issuer name: 2016 Southwest Higher Education Authority Inc. The calculation for computing no rebate due was performed on 05/27/2021 Schedule K, Part IV, Line 2c COLUMN D Issuer name: 2017 Southwest Higher Education UMB Authority Inc. The calculation for computing no rebate due was performed on 03/23/2022 Schedule K, Part IV, Line 2c COLUMN B Issuer name: 2023 Southwest Higher Education Authority The calculation for computing no rebate due was performed on 10/31/2028 A 2017-2 Southwest Higher Education Authority Inc 521442059 845040MEI 2017-12-20 108294902 Advance refund & defease a portion of principal on the 2010 Bonds false false false B 2023 Southwest Higher Education Authority 521442059 845040JV7 2023-10-31 60083024 Current refund a potion of the 2013A bonds false false false A 8575000 0 113773669 0 0 0 941394 0 0 0 112832275 0 false true true true B 0 0 60083024 0 0 0 529142 0 0 0 59553883 0 true false true true A false false true true true true 0.002 0.0 0.002 false false true B false false false false 0.0 0.0 0.0 false false true A false true false false false false false false true B false true true false false false false true A true B true See Part V See Part V 51015 Merit Scholarship Education Schedule L, Part III The amount reported on Part III, Line 1(c) reports the merit scholarships awarded on an objective and non-discriminatory basis based on pre-established criteria and reviewed by a selection committee. Schedule L, Part III Per the IRS instructions for schedule l, colleges, universities, and primary and secondary schools are not required to identify interested persons to whom they provided scholarships, fellowships, and similar financial assistance. Instead, these organizations must group each type of financial assistance provided to interested persons in separate lines. For each line, the school is to report in column (c) the type of assistance and aggregate dollar amount of that assistance; columns (a) and (b) are to be left blank. X 3 95800 Market value X 876243 Market value X 237 25583886 Market value X 1 1028931 Market value X Event Expense 15 48074 Market value X Livestock 6 603567 Market value X Event Tickets 960 152077 Market value X Non Cash Assets 3 3055 NONE 1 false true true Schedule M, Part I, Line 17 Col (d), Real Estate- Other Consistent with University's practice for valuation of mineral interests for financial statements' presentation. Schedule M, Part I, Line 32b Third parties used to solicit, process, or sell noncash contributions Third Party Used to Process Noncash Contributions: Southern Methodist University hires external brokers and appraisers as deemed appropriate. Form 990, Part III, Line 4d Description of other program services (Expenses $ 70,423,930 including grants of $)(Revenue $ 64,153,466) Organized Activities: Organized activities make available to the public various resources that exist within the University such as seminars, conferences and camps. It also includes auxiliiary activities that support educational activities such as bookstore, student housing, vending and food administration and independent operations. Form 990, Part VI, Line 18 Form 990 and 990-T Availability All requests for copies of Form 990 and 990-T are reviewed and processed by the Tax Department of Southern Methodist University. Upon receiving a written request, the University provides a copy of the requested documentation within 30 days from the date of receipt. If the request is made in person, the University provides the copies on the day of the request, unless unusual circumstances prevent this in which case the requested documentation is provided within five days after the date of the request. Form 990, Part VI, Line 1a Delegate broad authority to a committee The executive committee consists of the Chair, Vice Chair, immediate past chair, the President, representatives from the University Alumni Association, University Students Association, and the University Faculty Senate, and the chairs of each standing committee of the board of trustees. The executive committee has all the powers of the board of trustees except with regard to matters of policy which must be ratified by the full board of trustees. Form 990, Part VI, Line 2 Family/business relationships amongst interested persons Jeanne Phillips and Ray Hunt - Business relationship, R. Gerald Turner and Ray Hunt - Business relationship Form 990, Part VI, Line 11b Review of form 990 by governing body The completed Form 990 is provided to the Audit Committee of the Board of Trustees at a regularly scheduled meeting sufficiently in advance of the filing deadline to enable a detailed and conscientious review by the Committee. All questions and concerns of the Audit Committee are addressed by the University and incorporated into the Form 990 as required. The Chair of the Audit Committee reports on this review to the full Board of Trustees at the next regular meeting of the Board of Trustees. The Chair of the Audit Committee instructs the members of the Board on how to access the Form 990 on a secure website and encourages any Trustee with questions to contact the Vice President for Business and Finance. Form 990, Part VI, Line 12c Conflict of interest policy Enforcement of Conflicts Policy Pursuant to the SMU Conflict of Interest Policy relating to trustees, members of Board committees, executive officers, and deans, each covered person completes a conflict of interest disclosure form annually. These disclosures are reviewed by a Board of Trustees Conflicts Committee. The Committee reviews the material facts and decides whether such facts give rise to conflicts of interest and, if so, whether such conflicts of interest should be approved or disapproved. With respect to any other SMU employees with authority to sign contracts or who otherwise play a substantive role in the contract approval process for financial and other commercial commitments of the University, each such person must complete a conflict of interest disclosure form annually. These disclosures are reviewed by the General Counsel. Upon review of all material facts, the General Counsel must decide whether such facts give rise to conflicts of interest and, if so, whether such conflicts of interest should be approved or disapproved. The General Counsel provides a written report of all such determinations to the Board Conflicts Committee. Form 990, Part VI, Line 15a Process to establish compensation of top management official Compensation Process for Top Official Pursuant to the Compensation Committee Charter adopted by the SMU Board of Trustees - The Compensation Committee of the SMU Board of Trustees consists entirely of outside and independent members of the Board. The Committee makes compensation decisions based upon appropriate comparability data and includes the advice of an independent compensation consultant and contemporaneous documentation of the compensation decisions. The process occurs on an annual basis and was last undertaken in 2023 for FY24. The Compensation Committee has all of the powers of the full Board in matters of compensation of corporate officers; the compensation Committee must report any action taken by the Committee to the Board of Trustees at the Board's next meeting. Form 990, Part VI, Line 15b Process to establish compensation of other employees Compensation Process for other officers and key employees Pursuant to the Compensation Committee Charter adopted by the SMU Board of Trustees - The Compensation Committee of the SMU Board of Trustees consists entirely of outside and independent members of the Board. The Committee makes compensation decisions based upon appropriate comparability data and includes the advice of an independent compensation consultant and contemporaneous documentation of the compensation decisions. The process occurs on an annual basis and was last undertaken in 2023 for FY24. The Compensation Committee has all of the powers of the full Board in matters of compensation of corporate officers; the compensation Committee must report any action taken by the Committee to the Board of Trustees at the Board's next meeting. Form 990, Part VI, Line 19 Required documents available to the public The organization does not make its governing documents, conflict of interest policy and financial statements available to the public. Form 990, Part VIII, Line 2f Other Program Service Revenue - Total Revenue: 45717219, Related or Exempt Function Revenue: 45717219, Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: ; SMU Golf Foundation PO Box 750261 Dallas TX 752750261 465131991 Supporting TX 501(c)(3) Type I SMU true Peruna Holdings Corporation PO Box 750261 Dallas TX 752750261 204039621 Supporting TX 501(c)(3) Type I SMU true Mustang Mockingbird Properties PO Box 750261 Dallas TX 752750261 204216534 Supporting TX 501(c)(3) Type I SMU true Southern Methodist University Foundation PO Box 750261 Dallas TX 752750261 200588905 Supporting TX 501(c)(3) Type I SMU true SMU Corp PO Box 750261 Dallas TX 752750261 264739435 Supporting TX 501(c)(3) Type I SMU true Peruna East Corporation PO Box 750261 Dallas TX 752750261 454611768 Supporting TX 501(c)(3) Type I SMU true Leonard EB Andrews Charitable Trust 3140 Dyer Street MS261 Dallas TX 752750261 311593732 Supporting TX 501(c)(3) Type I SMU true Charitable Remainder Trust (7) 3140 Dyer St MS261 Dallas TX 75275 Trust TX Southern Methodist University Trust true CSBRE Fund LLC 6425 BOAZ LANE DALLAS TX 75205 931902897 Investments TX SOUTHERN METHODIST UNIVERSITY C Corporation 1 true true true false false false true false false false false true true false true true false false true true