2025-04-12T17:15:19+00:00 2024-05-31 350921680 CROWE LLP 4801 Olympia Park Plaza Suite 4000 Louisville KY 402412098 990 2023-06-01 620465076 Belmont University BELM 6154606000 1900 Belmont Blvd Nashville TN 37212 Steve Lasley VP of Finance and Operations 2025-04-12 true Kim Scifres P01316095 5023263996 2025-04-12 2023 2025-03-06 01:10:19Z L Gregory Jones 1900 Belmont Blvd Nashville TN 37212 546994818 false X WWW.BELMONT.EDU X 1951 TN 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. 29 29 4272 80 3889758 0 19188524 59815328 409231455 421771162 12921141 26749783 12652715 14859948 453993835 523196221 129879253 139275316 0 171007135 182443700 0 7181995 104771673 140391015 405658061 462110031 48335774 61086190 1565002574 1813637235 250814566 409057763 1314188008 1404579472 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. false false 348523951 139275316 431653855 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. 348523951 true true false true false false true true true true false false true true true false true true false true false true false false false false false true true true false false false false false true true false false false true false false false true true true false false false true 12067 0 true 4272 true true true false false false false true true false false false false true false X 29 29 true false false false false false false true true false false false true true true true true false false false X JOHN MALONE 6154606788 1900 BELMONT BLVD NASHVILLE TN 37212 Anne Russell Secretary 1.0 0.0 X X 0 0 0 R Milton Johnson Chair 1.0 0.0 X X 0 0 0 Agenia Clark Trustee (Through 10/06/2023) 1.0 0.0 X 0 0 0 Alfonzo Alexander Trustee 1.0 0.0 X 0 0 0 Andrea Waitt Carlton Trustee 1.0 0.0 X 0 0 0 Angela Webb Trustee 1.0 0.0 X 0 0 0 Barbara Massey Rogers Trustee 1.0 0.0 X 0 0 0 Bruce Maxwell Trustee 1.0 0.0 X 0 0 0 Burke Nihill Trustee 0.0 X 0 0 0 Carolyn McAfee Bruner Trustee 1.0 0.0 X 0 0 0 Chris Bollinger Trustee 1.0 0.0 X 0 0 0 Claire Tucker Trustee 1.0 0.0 X 0 0 0 Clay Stauffer Trustee 1.0 0.0 X 0 0 0 Cordia Harrington Trustee 1.0 0.0 X 0 0 0 Drew Maddux Trustee 1.0 0.0 X 0 0 0 Emily Reynolds Trustee 0.0 X 0 0 0 Harry Allen Trustee 1.0 0.0 X 0 0 0 James Archer Trustee 1.0 0.0 X 0 0 0 Jamie Jones Trustee 1.0 0.0 X 0 0 0 Janet Ayers Trustee 1.0 0.0 X 0 0 0 Joe Russell Trustee 1.0 0.0 X 0 0 0 John R Faison Sr Trustee 1.0 0.0 X 0 0 0 Kimberly Williams Paisley Trustee 1.0 0.0 X 0 0 0 Larry Kloess Trustee 1.0 0.0 X 0 0 0 Larry Thrailkill Trustee (Through 12/31/24) 1.0 0.0 X 0 0 0 Lee Beaman Trustee 1.0 0.0 X 0 0 0 Michael Cuffe Trustee 1.0 0.0 X 0 0 0 Rebecca McKelvey Castaneda Trustee 1.0 0.0 X 0 0 0 Ron Knox Trustee 1.0 0.0 X 0 0 0 Rusty Gaston Trustee 1.0 0.0 X 0 0 0 WINSTON JUSTICE Trustee 1.0 0.0 X 0 0 0 David Gregory EVP for Academic Excellence & Provost 40.0 0.0 X 426487 0 30280 David Rosselli EVP For University Advancement 40.0 0.0 X 318537 0 23130 Jason Rogers EVP for External Engagement & University Counsel 40.0 0.0 X 371949 0 44776 L Greg Jones President 40.0 0.0 X 964093 0 145197 Lori Baker EVP for Aspirational Excellence 40.0 0.0 X 366810 0 17550 Paula Gill VP Institutional Effectiveness 40.0 0.0 X 412594 0 31373 Scott Corley VP & Athletic Director 40.0 0.0 X 325670 0 49159 Steven Lasley VP of Finance and Operations 40.0 0.0 X 465785 0 42069 Susan West EVP for Administration/Chief of Staff 40.0 0.0 X 381681 0 44071 Alberto Gonzales Dean 40.0 0.0 X 472704 0 36026 Anderson Spickard Dean 40.0 0.0 X 402228 0 49219 Brittany Schaffer Dean 40.0 0.0 X 349099 0 21654 Charles Apigian Executive Director (Through 12/31/23) 40.0 0.0 X 258729 0 33065 Ed Magee VP of Strategic Ops 40.0 0.0 X 346040 0 25217 Jhennifer Amundson Dean 40.0 0.0 X 256552 0 38256 Joshua Yates Executive Director 40.0 0.0 X 348176 0 41334 Sarah Gardial Dean 40.0 0.0 X 444061 0 45496 Bart Brooks Head Woman's Basketball Coach 40.0 0.0 X 362332 0 93842 Casey Alexander Head Men's Basketball Coach 40.0 0.0 X 1060640 0 100866 Pat Whitworth III Clinician Educator 40.0 0.0 X 364139 0 48173 Ryan Grippo Associate Professor 40.0 0.0 X 368796 0 44733 Stephanie McClure Clinician Educator 40.0 0.0 X 372326 0 42799 Amy Crook Former Officer 40.0 0.0 X 270179 0 30121 Christopher Gage Former Officer 40.0 0.0 X 262107 0 25984 Clifton Perry Moulds Former Officer 0.0 0.0 X 306927 0 44521 Robert Fisher President Emeritus 25.0 0.0 X 212774 0 32938 Sarah Cates Former Officer 40.0 0.0 X 264094 0 38345 Tamika Wordlow Williams Former Officer 40.0 0.0 X 243713 0 27032 Todd Lake Former Officer 40.0 0.0 X 183414 0 104895 11182636 0 1352121 462 true true false R C MATHEWS CONTRACTOR LLC 523 3rd Avenue South NASHVILLE TN 37210 PRIMARY GENERAL CONTRACTOR 94868108 CASE RESTORATION CO 1115 POLK AVE NASHVILLE TN 37210 CONSTRUCTION SERVICES 24353415 SODEXO PO Box 905374 Charlotte NC 282905374 FOOD SERVICE VENDOR 16024924 TRANE PO Box 406469 Atlanta GA 303846469 HEATING AND AIR CONDITIONING SERVICES 5770099 ONECBI LLC dba CBI 4020 YANCEY ROAD CHARLOTTE NC 28217 CONSTRUCTION SERVICES 5575062 160 5000 4348591 55461737 966375 59815328 Tuition and Fees - Instruction 611310 366620326 366620326 Residence Halls - Student Services 721310 37712428 37712428 BOOKSTORE SALES 451211 6296801 6296801 Study Abroad 611710 4499896 4499896 Athletics 900099 2725902 2725902 3915809 3915809 0 0 421771162 13461943 -25945 13487888 600580 600580 604871 465449 139422 0 139422 139422 35557471 22269631 13287840 0 13287840 13287840 3835 5000 10143 -6308 -6308 1381232 1053374 327858 327858 Cafeteria 722310 6878131 6878131 Curb Events Center 711310 6401971 3004562 3397409 Ocean Way Music Studio 512240 518294 518294 0 0 0 0 13798396 523196221 431653855 3889758 27837280 138930064 138930064 345252 345252 146153550 119881377 22007480 4264693 5955191 5955191 29452509 28375927 0 1076582 882450 0 882450 0 81923 33338 48585 189597 189597 0 39412 36296 3116 163444 163444 15454990 6888304 7913424 653262 4225212 1125564 3009942 89706 6490077 3470518 2738097 281462 1004309 412807 562287 29215 272 272 49714759 18884879 30822433 7447 12259404 11424628 657323 177453 2614825 853243 1223715 537867 163548 9330 154218 21813644 8806711 13006933 1771882 212487 1559395 Bookstore Expense 9754779 5251961 4494168 8650 Small Equipment and Supplies 6703020 1270107 5388097 44816 Dues and Subscriptions 4759703 119329 4630618 9756 Meals 1340289 1292690 47599 1845926 899139 945701 1086 462110031 348523951 106404085 7181995 5197 5675 22870323 18667678 30570802 54450723 5773327 7830217 1600000 1900000 0 0 1971690 2491828 288976 582602 782565 985182 1523177618 226215680 1153259293 1296961938 320590987 333628776 0 0 27289414 96132616 1565002574 1813637235 48455617 29486095 12499971 11407033 129520337 319220735 194748 187132 0 0 5281728 5103451 54862165 43653317 250814566 409057763 X 1025988363 1060345309 288199645 344234163 1314188008 1404579472 1565002574 1813637235 X 61086190 28888248 417026 X false true X true true true X 14563913 20784446 59979054 19188524 59815328 174331265 0 0 14563913 20784446 59979054 19188524 59815328 174331265 29685373 144645892 10488843 74606534 18194337 13663778 14667394 131620886 0 0 0 0 0 0 1019860 466750 833543 1378671 1385067 5083891 311036042 1920377269 0.4650 0.4873 X Schedule A, Part II, Line 10 Other Income DESCRIPTION - FUNDRAISING REVENUE, COLUMN A - 3916.0, COLUMN B - 1057.0, COLUMN C - 5863.0, COLUMN D - 27567.0, COLUMN E - 3835.0, COLUMN F - 42238.0; DESCRIPTION - GROSS SALES OF INVENTORY, COLUMN A - 1015944.0, COLUMN B - 465693.0, COLUMN C - 827680.0, COLUMN D - 1351104.0, COLUMN E - 1381232.0, COLUMN F - 5041653.0; RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false false false false false false false false true 430 430 false Schedule C, Part II-B, Line 1 DETAILED DESCRIPTION OF THE LOBBYING ACTIVITY BELMONT UNIVERSITY PAID DUES TO TENNESSEE INDEPENDENT COLLEGES AND UNIVERSITIES ASSOCIATION IN THE AMOUNT OF $85,900. A PORTION OF THE DUES (0.5%) IN THE AMOUNT OF $430 WAS SPENT ON LOBBYING ACTIVITY. 0 17034364 X X X false false true X 364333151 6301759 45726596 5104097 6743860 404513549 369312966 3798953 -4468118 4310650 364333151 394634409 6545533 -27693842 4173134 369312966 291936335 32158260 74388156 3848342 394634409 274345595 8596841 12849336 3855437 291936335 0.283 0.48 0.237 false false 54691286 54691286 1344422226 176554897 1167867329 5236334 3446128 1790206 43567070 35798142 7768928 75260702 10416513 64844189 1296961938 DEPOSITS HELD BY BOND TRUSTEE 74235871 Beneficial Interests in Trust 552468 Collections 17034364 Lease right-of-use assets 4309913 96132616 Line of Credit 40000000 Lease Liabilities 3653317 43653317 X 414997106 28888248 1528966 30417214 384579892 163444 138452885 138616329 523196221 324605642 1528966 1528966 323076676 163444 138869911 139033355 462110031 Schedule D, Part III, Line 4 Collections of art - description of collections THE COLLECTION CONSISTS OF 2 YEMINI SCROLLS FROM THE MID 19TH CENTURY (APPROXIMATELY 150-175 YEARS OLD) THAT WERE GIVEN TO THE UNIVERSITY 12-13 YEARS AGO. THEY ARE SYNAGOGUE TORAH SCROLLS, HAND-WRITTEN ON PARCHMENT. THEY ARE STORED IN AN ARCHIVE ROOM IN THE LIBRARY, SINCE THEY CANNOT BE KEPT IN FIDELITY HALL BECAUSE OF STEAM HEAT. OCCASIONALLY THEY ARE USED IN CLASSES TO SHOW THEM TO STUDENTS AND TALK ABOUT THEIR CHARACTERISTICS AND SIGNIFICANCE. THREE REPLICA STATUES WERE PURCHASED BY THE UNIVERSITY AND ARE PLACED THROUGHOUT THE CAMPUS IN AN EFFORT TO HELP THE CAMPUS APPEAR AS IT MAY HAVE LOOKED BACK WHEN THE MANSION WAS ORIGINALLY BUILT. ADDITIONALLY, THE UNIVERSITY PURCHASED SEVERAL PIECES OF ART WORK THAT ARE PLACED IN THE GORDON INMAN BUILDING. THEY WERE BOUGHT TO ENHANCE THE APPEARANCE OF THE INTERIOR, SINCE THE BUILDING WOULD BE USED FOR VARIOUS GATHERINGS BY THE PRESIDENT AND SENIOR LEADERSHIP. A MAJORITY OF THE VALUE OF THE COLLECTION LIES IN THE VALUE OF THE SCROLLS. IN FY14, A NEW SCULPTURE WAS COMMISSIONED FOR THE TROUTT THEATER. (TOTAL VALUE OF THE COLLECTION ON THE BOOKS EQUALS $221,650 AND THE VALUE OF THE SCROLLS ON THE BOOKS IS $162,500.) ADDED TO COLLECTIONS IN FY17 WAS THE ESTATE DONATION OF RARE AND ICONIC GUITARS, WHICH WERE CAPITALIZED AT THE APPRAISED VALUE OF THE INSTRUMENTS OF $9,638,640 ON THE ACCESSION DATE OF OCTOBER 14, 2016. DUE TO BOTH ADDITIONAL PURCHASES AND SALES OF THE COLLECTION AS ALLOWED IN THE ENDOWMENT AGREEMENT, THE FAIR VALUE OF THE COLLECTION AS OF MAY 31, 2018 WAS $9,900,162. THE GUITARS ARE HELD FOR PUBLIC EXHIBITION, EDUCATION, AND RESEARCH IN FURTHERANCE OF THE UNIVERSITY'S PUBLIC SERVICE. THE COLLECTION IS PROTECTED AND PRESERVED, AND SUBJECT TO UNIVERSITY POLICY REQUIRING THAT PROCEEDS OF ITEMS IN THE COLLECTION SOLD ARE TO BE USED TO ACQUIRE OTHER ITEMS FOR THE COLLECTION. THE COLLECTION IS PART OF THE UNIVERSITY'S PERMANENT ENDOWMENT. GAINS OR LOSSES ON THE DEACCESSION OF COLLECTION ITEMS ARE CLASSIFIED ON THE STATEMENT OF ACTIVITIES AS PERMANENTLY RESTRICTED SUPPORT. IN FY19, A NEW ART COLLECTION WAS GIFTED, AN EXTENSIVE ART COLLECTION FROM THE WORKS OF FREDERICK HART, WHICH WAS CAPITALIZED AT THE APPRAISED VALUE OF THE ART OF $6,862,708 ON THE ACCESSION DATE OF DECEMBER 19, 2018. THE ART IS HELD FOR PUBLIC EXHIBITION, EDUCATION, AND RESEARCH IN FURTHERANCE OF THE UNIVERSITY'S PUBLIC SERVICE. IN FY20, AN ADDITIONAL $68,840 IN APPRAISED ARTWORK WAS DONATED TO BELMONT TO BE ADDED TO THE FREDERICK HART COLLECTION.. IN FY21, AN ADDITIONAL $98,000 IN APPRAISED ARTWORK WAS DONATED TO BELMONT TO BE ADDED TO THE FREDERICK HART COLLECTION. In FY23, an additional $209,000 in guitars was added to the rare and iconic guitars collection. Schedule D, Part IV, Line 2b Explanation of escrow agreement Deposits held for others are monies held by the University for various clubs and groups, as agency funds. The monies are entrusted to the University for safekeeping and may be used or withdrawn by the depositor at will. Funds may be held on behalf of students, faculty, staff, or organizations. Schedule D, Part V, Line 4 Intended uses of endowment funds THE INTENDED USE OF ENDOWMENT FUNDS IS TO PROVIDE STUDENT SCHOLARSHIPS. Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote The University is exempt from federal income tax under Section 501(c)(3) of the Internal Revenue Code; accordingly, no provision for income taxes has been made in the accompanying consolidated financial statements. The University is not classified as a private foundation. The University files a Form 990 (Return of Organization Exempt from Income Tax) annually. When these returns are filed, it is highly certain that some positions taken would be sustained upon examination by the taxing authorities, while others are subject to uncertainty about the merits of the tax position taken or the amount of the position that would ultimately be sustained. Examples of tax positions common to universities include such matters as the following: the tax exempt status of each entity and various positions relative to potential sources of unrelated business income tax (UBIT). UBIT is reported on Form 990-T, as appropriate. The benefit of a tax position is recognized in the financial statements in the period during which, based on all available evidence, management believes that it is more likely than not that the position will be sustained upon examination, including the resolution of appeals or litigation processes, if any. Tax positions are not offset or aggregated with other positions. Tax positions that meet the more likely than not recognition threshold are measured as the largest amount of tax benefit that is more than 50% likely to be realized on settlement with the applicable taxing authority. The portion of the benefits associated with tax positions taken that exceeds the amount measured as described above would be reflected as a liability for uncertain tax benefits in the accompanying statements of financial position along with any associated interest and penalties that would be payable to the taxing authorities upon examination. As of May 31, 2024 and 2023, there were no uncertain tax positions identified. The University does not expect the total amount of unrecognized tax benefits to significantly change in the next 12 months. Forms 990 and 990-T filed by the University are subject to examination by the Internal Revenue Service (IRS) up to three years from the extended due date of each return. Management believes the Forms 990 and 990-T have been filed appropriately. Forms 990 and 990-T filed by the University have not yet been subject to examination for the last three fiscal years. The University would recognize interest and penalties related to unrecognized tax positions in interest and income tax expense, respectively. The University did not recognize or accrue any interest or penalties as of May 31, 2024 and 2023, and for the years then ended. Schedule D, Part XI, Line 2(d) Other revenues in audited financial statements not in form 990 Cost of Goods Sold - 1053374 Rental Expense - 465449 Fundraising Expenses - 10143 Schedule D, Part XI, Line 4(b) Other revenues in form 990 not in audited financial statements Scholarships and Fellowships - XXX-XX-XXXX Change in value of annuity agreements - -417026 Schedule D, Part XII, Line 2(d) Other expenses in audited financial statements not in form 990 Cost of Goods Sold - 1053374 Rental Expense - 465449 Fundraising Expenses - 10143 Schedule D, Part XII, Line 4(b) Other expenses in form 990 not in audited financial statements Scholarships/Fellowships - XXX-XX-XXXX 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 COLLEGE'S NONDISCRIMINATORY POLICY IS PRINTED IN THE "EMPLOYEE POLICIES AND PROCEDURES" MANUAL AS WELL AS THE STUDENT HANDBOOK. THIS POLICY IS ALSO DISPLAYED ON BELMONT'S WEBSITE VIA A DIRECT LINK ON EACH WEBSITE PAGE. Schedule E, Part I, Line 6(a) FINANCIAL AID OR ASSISTANCE FROM A GOVERNMENT THE PERKINS LOAN PROGRAM IS A CAMPUS-BASED PROGRAM PROVIDING FINANCIAL ASSISTANCE TO ELIGIBLE POST-SECONDARY SCHOOL STUDENTS BASED ON FINANCIAL NEED. THE DEPARTMENT OF EDUCATION PROVIDES FUNDS ALONG WITH THE UNIVERSITY, WHICH ARE USED TO MAKE LOANS TO ELIGIBLE STUDENTS AT LOW INTEREST RATES. THE ORGANIZATION ALSO RECEIVED FUNDING FROM THE FEDERAL CARES ACT GRANT EDUCATION STABILIZATION FUND, PARTS II AND III, FOR BOTH STUDENT AND INSTITUTIONAL GRANTS. ALL PARTS HAVE BEEN DISTRIBUTED AS OF MAY 31, 2024. true Sub-Saharan Africa 0 0 Grantmaking 32484 Europe (Including Iceland and Greenland) 0 0 Grantmaking 120385 Central America and the Caribbean 0 0 Grantmaking 47339 East Asia and the Pacific 0 0 Grantmaking 12364 North America (Canada & Mexico only) 0 0 Grantmaking 96205 Russia and Neighboring States 0 0 Grantmaking 36475 0 0 0 0 0 0 345252 0 345252 Scholarship Europe (Including Iceland and Greenland) 13 120385 EFT or Check Scholarship East Asia and the Pacific 3 12364 EFT or Check Scholarship Central America and the Caribbean 5 47339 EFT or Check Scholarship North America (Canada & Mexico only) 11 96205 EFT or Check Scholarship Russia and Neighboring States 3 36475 EFT or Check Scholarship Sub-Saharan Africa 3 32484 EFT or Check false false false false false false Schedule F, Part I, Line 2 Procedures for monitoring use of grant funds Per the grant agreement, the grantee maintains books and records that provide Belmont with sufficient detail to review their receipts and expenditures relating to the grant. These records are available at any time at Belmont's request during the duration but will be provided not less frequently than every six months during the grant period, and for four years after the grant terminates. 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; NORTH AMERICA (CANADA & MEXICO ONLY)-Accrual; RUSSIA AND NEIGHBORING STATES-Accrual; SUB-SAHARAN AFRICA-Accrual Schedule F, Part III Method used to account for expenditures on org's financial statements CENTRAL AMERICA AND THE CARIBBEAN - EAST ASIA AND THE PACIFIC - EUROPE (INCLUDING ICELAND AND GREENLAND) - NORTH AMERICA (CANADA & MEXICO ONLY) - RUSSIA AND NEIGHBORING STATES - SUB-SAHARAN AFRICA - true MERIT BASED 5503 53792059 NEED BASED 4278 70922976 ATHLETIC 366 7600384 ENDOWED 1399 5104097 TALENT BASED 256 1510548 Schedule I, Part I, Line 2 Procedures for monitoring use of grant funds. THE UNIVERSITY AWARDS GRANTS AND SCHOLARSHIPS TO ENROLLED STUDENTS. GRANTS ARE CREDITED TO THE RECIPIENTS' ACCOUNTS FOR TUITION, FEES, ROOM AND BOARD. X X X X true true X X false true false false false false false false false Amy Crook Former Officer 269914 0 0 0 265 0 13835 0 16286 0 300300 0 0 0 Clifton Perry Moulds Former Officer 305736 0 0 0 1191 0 15719 0 28802 0 351448 0 0 0 Todd Lake Former Officer 181684 0 0 0 1730 0 14176 0 90719 0 288309 0 0 0 Sarah Cates Former Officer 263269 0 0 0 825 0 13521 0 24824 0 302439 0 0 0 Christopher Gage Former Officer 261752 0 0 0 355 0 13246 0 12738 0 288091 0 0 0 Tamika Wordlow Williams Former Officer 243394 0 0 0 319 0 7479 0 19553 0 270745 0 0 0 L Greg Jones President 942858 0 0 0 21235 0 125703 0 19494 0 1109290 0 0 0 Steven Lasley VP of Finance and Operations 459718 0 0 0 6067 0 16500 0 25569 0 507854 0 0 0 David Gregory EVP for Academic Excellence & Provost 420826 0 0 0 5661 0 16104 0 14176 0 456767 0 0 0 Paula Gill VP Institutional Effectiveness 403185 0 0 0 9409 0 16500 0 14873 0 443967 0 0 0 Susan West EVP for Administration/Chief of Staff 377180 0 0 0 4501 0 16500 0 27571 0 425752 0 0 0 Jason Rogers EVP for External Engagement & University Counsel 363848 0 0 0 8101 0 16500 0 28276 0 416725 0 0 0 Lori Baker EVP for Aspirational Excellence 366200 0 0 0 610 0 16500 0 1050 0 384360 0 0 0 Scott Corley VP & Athletic Director 325147 0 0 0 523 0 16500 0 32659 0 374829 0 0 0 David Rosselli EVP For University Advancement 260357 0 0 0 58180 0 12619 0 10511 0 341667 0 0 0 Alberto Gonzales Dean 471970 0 0 0 734 0 16500 0 19526 0 508730 0 0 0 Sarah Gardial Dean 440584 0 0 0 3477 0 16500 0 28996 0 489557 0 0 0 Anderson Spickard Dean 401567 0 0 0 661 0 16500 0 32719 0 451447 0 0 0 Joshua Yates Executive Director 347773 0 0 0 403 0 13316 0 28018 0 389510 0 0 0 Brittany Schaffer Dean 348913 0 0 0 186 0 15313 0 6341 0 370753 0 0 0 Ed Magee VP of Strategic Ops 345404 0 0 0 636 0 14210 0 11007 0 371257 0 0 0 Jhennifer Amundson Dean 255818 0 0 0 734 0 13164 0 25092 0 294808 0 0 0 Charles Apigian Executive Director (Through 12/31/23) 258325 0 0 0 404 0 7973 0 25092 0 291794 0 0 0 Robert Fisher President Emeritus 211604 0 0 0 1170 0 10979 0 21959 0 245712 0 0 0 Casey Alexander Head Men's Basketball Coach 1039997 0 20000 0 643 0 75774 0 25092 0 1161506 0 0 0 Bart Brooks Head Woman's Basketball Coach 344507 0 17500 0 325 0 68750 0 25092 0 456174 0 0 0 Ryan Grippo Associate Professor 368471 0 0 0 325 0 16500 0 28233 0 413529 0 0 0 Pat Whitworth III Clinician Educator 363820 0 0 0 319 0 15833 0 32340 0 412312 0 0 0 Stephanie McClure Clinician Educator 371425 0 0 0 901 0 16500 0 26299 0 415125 0 0 0 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. A HEALTH AND EDUCATIONAL FACILITIES BOARD OF THE METROPOLITAN GOVERNMENT OF N ASHVILLE AND DAVIDSON COUNTY Tennessee (2012A) 626139016 000000000 2012-05-30 50900000 REFUNDING BOND ISSUE false false false B HEALTH AND EDUCATIONAL FACILITIES BOARD OF THE METROPOLITAN GOVERNMENT OF N ASHVILLE AND DAVIDSON COUNTY TENNESSEE (SERIES 2021) 626139016 592029BP6 2021-10-27 136632966 SERIES 2012 PRINCIPAL AND ACCRUED INTEREST REDEMPTION, PLUS FUNDING OF NEW CALDWELL RESIDENCE HALL. false false false C Health and Educational Facilities Board of the Metropolitan Government of N ashville and Davidson County Tennessee (Series 2023) 626139016 592029CM2 2023-08-30 197973370 Finance new Caldwell Residence hall 2, classroom & lab building for college of medicine. false false false A 48885000 0 50900000 0 0 0 0 0 0 50900000 0 true false true true B 11115000 0 136632966 0 0 0 804140 0 0 102616400 33212426 0 2022 true false true true C 485000 0 197973370 0 0 0 1200969 0 0 124805203 0 71967198 false false true true A false false false false 0.0 false false false B false false false false 0.0 0.0 0.0 false false false C false false false false 0.0 false false false A false false true false true false false false false B false true false false false false false false false C false true false false false false false false false A false B false C false Schedule K, Part III, Line 9 Written Procedures While the Finance and Accounting department performs periodic reviews and procedures to ensure that all nonqualified bonds are remediated in accordance with regulation requirements, formal written procedures are in the early stages of draft and review. NA Officer Mortgage X 1600000 1600000 false true true NA OFFICER MORTGAGE X 300000 300000 false true true 1900000 SEE PART V N/A 40930 FINANCIAL AID Schedule L, Part III GRANTS OR ASSISTANCE BENEFITING INTERESTED PERSONS COLLEGES, UNIVERSITIES, AND PRIMARY AND SECONDARY SCHOOLS ARE NOT REQUIRED TO IDENTIFY INTERESTED PERSONS TO WHOM THEY PROVIDED SCHOLARSHIPS, FELLOWSHIPS, AND SIMILAR FINANCIAL ASSISTANCE. PURSUANT TO THE INSTRUCTIONS TO FORM 990, SCH L, PART III, COLUMNS(A) AND (B) HAVE BEEN LEFT BLANK. X 16 966375 Market value 0 false true false Schedule M, Part I Explanations of reporting method for number of contributions Securities - Publicly traded - number of contributions Form 990, Part VI, Line 15b COMPENSATION OF OTHER OFFICERS AND KEY EMPLOYEES PROCESS FOR DETERMINING OTHER OFFICERS AND KEY EMPLOYEES COMPENSATION: THE HUMAN RESOURCE DIRECTOR OBTAINS REGIONAL AND NATIONAL DATA ON COMPARABLE COMPENSATION OF SIMILAR POSITIONS AND SKILL LEVEL. THE COMPENSATION IS THEN REVIEWED BY THE SEARCH COMMITTEE WITH FINAL APPROVAL BY THE PRESIDENT OF THE UNIVERSITY. DOCUMENTATION OF THE PROCESS AND RESULTS IS KEPT IN HUMAN RESOURCES. THIS PROCESS WAS LAST CONDUCTED IN FY 2014. SINCE THIS PROCESS WAS NOT DONE DURING FY24, THIS QUESTION HAS BEEN MARKED NO IN ACCORDANCE WITH IRS INSTRUCTIONS. Form 990, Part VI, Line 15a PRESIDENTS COMPENSATION PROCESS FOR DETERMINING PRESIDENT'S COMPENSATION: THE HUMAN RESOURCE DIRECTOR OBTAINS REGIONAL AND NATIONAL DATA ON COMPARABLE COMPENSATION OF SIMILAR POSITIONS AND SKILL LEVEL. COMPENSATION IS THEN REVIEWED BY THE SEARCH COMMITTEE WITH FINAL APPROVAL BY THE BOARD OF TRUSTEES. DOCUMENTATION OF THE PROCESS AND RESULTS IS KEPT IN HUMAN RESOURCES. THIS PROCESS WAS LAST CONDUCTED IN FY 2016. SINCE THIS PROCESS WAS NOT DONE DURING FY24, THIS QUESTION HAS BEEN MARKED NO IN ACCORDANCE WITH IRS INSTRUCTIONS. Form 990, Part VI, Line 1a Delegate broad authority to a committee Article VI, Section 1: The executive committee shall have and exercise the authority of the Board of Trustees in the management of the Corporation during the interim between the meetings of the Board of Trustees. In addition, the committee shall be responsible for coordinating with and advising the president on strategic issues affecting the University. Form 990, Part VI, Line 2 Family/business relationships amongst interested persons ANNE RUSSELL AND JOE RUSSELL - Family relationship Form 990, Part VI, Line 11b Review of form 990 by governing body THE FORM 990 IS REVIEWED BY THE CHIEF FINANCIAL OFFICER, WITH COPIES MARKED DRAFT AND THEN SUBMITTED ELECTRONICALLY TO EACH MEMBER OF THE AUDIT COMMITTEE OF THE BOARD FOR REVIEW AND COMMENT. THE RETURN IS FORMALLY SUBMITTED UPON COMPLETION OF REVIEW. Form 990, Part VI, Line 12c Conflict of interest policy COMPLIANCE WITH THE ORGANIZATION'S CONFLICT OF INTEREST POLICY IS MONITORED ANNUALLY. UPDATED FORMS ARE REVIEWED BY THE CHIEF FINANCIAL OFFICER AND THE OFFICE OF INSTITUTIONAL EFFECTIVENESS. ALL INTERESTED PERSONS SHALL DISCLOSE TO THE BOARD ANY POSSIBLE CONFLICTS OF INTEREST. IN THE EVENT OF A CONFLICT, THE TRUSTEE OR OFFICER SHALL ABSENT HIM OR HERSELF FROM DISCUSSIONS OF, AND ABSTAIN FROM VOTING ON, SUCH MATTERS UNDER CONSIDERATION BY THE BOARD OF TRUSTEES OR ITS COMMITTEES. Form 990, Part VI, Line 19 Required documents available to the public Financial statements, governing documents, and conflict of interest policies are not required disclosures pursuant to Internal Revenue Code (IRC) Section 6104. These documents are not available to the public at this time. Form 990, Part VIII, Line 2f Other Program Service Revenue Conference services and summer programs - Total Revenue: 3915809, Related or Exempt Function Revenue: 3915809, Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: ; Form 990, Part XI, Line 9 Other changes in net assets or fund balances CHANGE IN VALUE OF ANNUITIES - 417026; MIDTOWN CAPITAL INVESTMENTS LLC 1900 Belmont Blvd Nashville TN 37212 FUTURE DEVELOPMENT OF CAMPUS FACILITIES TN 0 0 100 CHARITABLE REMAINDER TRUST (1) 1900 Belmont Blvd Nashville TN 37212 INVESTMENTS TN NA Trust true THE ATHLETE'S HOUSE INTERNATIONAL LTD 1900 BELMONT BLVD NASHVILLE TN 37212 620941784 DEVELOPMENT OF CAMPUS FACILITIES TN BELMONT UNIVERSITY S Corporation -515 12558 true false false false false false false false false false false false false false false false false false false false