2024-04-11T17:16:59+00:00 2023-05-31 350921680 CROWE LLP 9600 Brownsboro Road Suite 400 Louisville KY 402413902 990 2022-06-01 620465076 Belmont University BELM 6154606000 1900 Belmont Blvd Nashville TN 37212 Steve Lasley VP of Finance and Operations 2024-04-11 true Steve Lasley 999009999 Kim Scifres P01316095 5023263996 2022 2023-04-26 12:10:37Z L Gregory Jones 1900 Belmont Blvd Nashville TN 37212 495358212 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. 33 33 4229 80 1317722 0 59979054 19188524 376114601 409231455 19814324 12921141 8448175 12652715 464356154 453993835 114457409 129879253 0 147568514 171007135 0 4879536 90853903 104771673 352879826 405658061 111476328 48335774 1474473117 1565002574 196127273 250814566 1278345844 1314188008 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 327457389 129879253 420009981 EDUCATIONAL PROGRAMS, INSTRUCTION AND STUDENT SERVICES ARE PROVIDED TO MORE THAN 8,900 STUDENTS, OFFERING MORE THAN 139 UNDERGRADUATE AND GRADUATE ACADEMIC PROGRAMS THROUGH ITS FOURTEEN COLLEGES AND SCHOOLS, INCLUDING THE MIKE CURB COLLEGE OF ENTERTAINMENT AND MUSIC BUSINESS, COLLEGE OF PHARMACY, THE COLLEGE OF BUSINESS ADMINISTRATION, AND THE COLLEGE OF LAW. BELMONT OFFERS INTERCOLLEGIATE ATHLETICS IN FIFTEEN DIFFERENT SPORTS, ALL COMPETING IN THE MISSOURI VALLEY CONFERENCE. BELMONT STUDENT ATHLETES HAVE COMPILED IMPRESSIVE RECORDS, BOTH ON AND OFF THE PLAYING COURT AND FIELD. THE BELMONT MEN'S BASKETBALL TEAM HAS MADE APPEARANCES IN SEVEN OUT OF THE PAST FIFTEEN NCAA NATIONAL CHAMPIONSHIP TOURNAMENTS, AND QUALIFIED IN 2020 PRIOR TO ITS CANCELLATION DUE TO COVID-19. THE MEN'S BASEBALL TEAM HAS MADE APPEARANCES IN THEIR RESPECTIVE NCAA TOURNAMENT IN TWO OF THE PAST NINE YEARS. STUDENT ACTIVITIES ROUND OUT THE COLLEGIATE EXPERIENCE, WITH A FOCUS ON CAMPUS LIFE AND COMMUNITY, STUDENT HEALTH AND WELFARE, AND STUDENT ADVOCACY AND SUPPORT. THERE ARE CURRENTLY MORE THAN 148 CLUBS AND ORGANIZATIONS AVAILABLE TO STUDENTS. 327457389 true true false true false false true true true true false false false true true false true true false true true false false true 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 12203 0 true 4229 true true true false false false false true true false false false false false false X 33 33 true false true false false false false true true false false false true true true true true false false false X DAVID RUNYAN 6154606788 1900 BELMONT BLVD NASHVILLE TN 37212 Gordon Inman Vice Chair 1.0 X X 0 0 0 Joe Russell Secretary 1.0 X X 0 0 0 R Milton Johnson Chair 1.0 X X 0 0 0 Agenia Clark Trustee 1.0 X 0 0 0 Alfonzo Alexander Trustee 1.0 X 0 0 0 Angela Webb Trustee 1.0 X 0 0 0 Anne Russell Trustee 1.0 X 0 0 0 Barbara Massey Rogers Trustee 1.0 X 0 0 0 Ben L Rechter Trustee 1.0 X 0 0 0 Bruce Maxwell Trustee 1.0 X 0 0 0 Carolyn McAfee Bruner Trustee 1.0 X 0 0 0 Chris Bollinger Trustee 1.0 X 0 0 0 Claire Tucker Trustee 1.0 X 0 0 0 Clay Stauffer Trustee 1.0 X 0 0 0 Cordia Harrington Trustee 1.0 X 0 0 0 Cynthia Leu Trustee 1.0 X 0 0 0 Dan Foutch Trustee 1.0 X 0 0 0 Drew Maddux Trustee 1.0 X 0 0 0 Gabriel Salguero Trustee 1.0 X 0 0 0 Harry Allen Trustee 1.0 X 0 0 0 James Archer Trustee 1.0 X 0 0 0 Jamie Jones Trustee 1.0 X 0 0 0 Janet Ayers Trustee 1.0 X 0 0 0 Jim Wright Trustee 1.0 X 0 0 0 John R Faison Sr Trustee 1.0 X 0 0 0 Kimberly Williams Paisley Trustee 1.0 X 0 0 0 Larry Kloess Trustee 1.0 X 0 0 0 Larry Thrailkill Trustee 1.0 X 0 0 0 Lee Beaman Trustee 1.0 X 0 0 0 Rebecca McKelvey Castaneda Trustee 1.0 X 0 0 0 Ron Knox Trustee 1.0 X 0 0 0 Rusty Gaston Trustee 1.0 X 0 0 0 Steve Hewlett Trustee 1.0 X 0 0 0 Steve Horrell Trustee (partial year) 1.0 X 0 0 0 Amy Crook VP Transformative Innovation 40.0 X 263801 0 16224 Christopher Gage VP for Enrollment 40.0 X 246888 0 17067 Clifton Perry Moulds VP of University Advancement 40.0 X 317591 0 25935 David Gregory EVP for Academic Excellence & Provost 40.0 X 349533 0 21281 Jason Rogers EVP for External Engagement & University Counsel 40.0 X 351707 0 26206 L Greg Jones President 40.0 X 945831 0 138404 Paula Gill VP Institutional Effectiveness 40.0 X 402905 0 21684 Sarah Cates VP Imagination/Strategic Initiatives 40.0 X 241963 0 21057 Scott Corley VP & Athletic Director 40.0 X 308183 0 29175 Steven Lasley VP of Finance and Operations 40.0 X 454828 0 29349 Susan West EVP for Administration/Chief of Staff 40.0 X 365286 0 24167 Tamika Wordlow Williams VP for Student Formation & Dean of Students 40.0 X 213524 0 26513 Thomas Burns Provost 40.0 X 456001 0 29175 Todd Lake VP of Spiritual Development 40.0 X 191099 0 88388 Alberto Gonzales Dean 40.0 X 463241 0 33936 Anderson Spickard Dean 40.0 X 340948 0 30175 Charles Apigian Executive Director 40.0 X 246680 0 33401 Jhennifer Amundson Dean 40.0 X 249658 0 36752 Sarah Gardial Dean 40.0 X 434311 0 33963 Bart Brooks Head Woman's Basketball Coach 40.0 X 664103 0 89195 Casey Alexander Head Men's Basketball Coach 40.0 X 984248 0 92255 Jeffrey Kinsler Professor 40.0 X 316687 0 21224 Philip Johnston Associate Provost 40.0 X 378668 0 34724 Stephanie McClure Clinician Educator 40.0 X 378162 0 28551 Robert Fisher President Emeritus 10.0 X 623074 0 25063 10188920 0 973864 390 true true false R C MATHEWS CONTRACTOR LLC PO BOX 24687 NASHVILLE TN 37202 PRIMARY GENERAL CONTRACTOR 113335187 SODEXO 1900 BELMONT BLVD NASHVILLE TN 37212 FOOD SERVICE VENDOR 14698761 CASE RESTORATION 1115 POLK AVE NASHVILLE TN 37210 GENERAL CONTRACTOR 10032437 EARL SWENSSON ASSOCIATES PO BOX 410628 NASHVILLE TN 372410628 ARCHITECTS 7148270 WHITE CAP LP PO Box 4852 Orlando FL 32802 CONSTRUCTION CONSULTING 2785754 128 12875 3551217 15624432 1262298 19188524 Tuition and Fees - Instruction 611310 356848324 356848324 Residence Halls - Student Services 721310 36911414 36911414 BOOKSTORE SALES 451211 6384626 6384626 Study Abroad 611710 3275624 3275624 Athletics 900099 2595954 2595954 3215513 3215513 0 0 409231455 12527198 -21691 12548889 543399 543399 593181 790894 -197713 0 -197713 -197713 39790720 39396777 393943 0 393943 393943 14692 12875 9575 5117 5117 1351104 1167131 183973 183973 Cafeteria 722310 7801904 7801904 Curb Events Center 711310 3695681 2976622 719059 Ocean Way Music Studio 512240 620354 620354 0 0 0 0 12117939 453993835 420009981 1317722 13477608 127879253 127879253 2000000 2000000 7630261 1971160 5293166 365935 130586495 115063298 12966199 2556998 4859430 4277747 489806 91877 18824508 1821739 16312956 689813 9106441 7730205 1185125 191111 0 0 0 0 238827 0 238827 0 114531 0 114531 0 0 0 0 0 0 0 172243 0 172243 0 13216291 7978091 4995227 242973 2484877 587926 1861669 35282 2854141 1690179 975161 188801 1215782 561498 653682 602 0 0 0 0 29556974 15022483 14528602 5889 9679504 9257012 361479 61013 0 0 0 0 1664065 981642 482078 200345 238322 238322 0 0 0 0 0 0 18077420 14771934 3305486 0 2010601 80965 1913576 16060 Dues and Subscriptions 8475700 4722965 3701873 50862 Bookstore Expense 5356262 5356262 0 0 Small Equipment and Supplies 4239035 2139055 2058435 41545 Meals and Entertainment 1228731 1228731 3948367 2096922 1711015 140430 405658061 327457389 73321136 4879536 7630 5197 49857509 22870323 35569329 30570802 4713052 5773327 1600000 1600000 0 0 1515703 1971690 308608 288976 582870 782565 1357908323 204649030 1005449522 1153259293 324240210 320590987 0 0 50628684 27289414 1474473117 1565002574 39245699 48455617 9048741 12499971 136365159 129520337 212789 194748 0 0 5450756 5281728 5804129 54862165 196127273 250814566 X 977150417 1025988363 301195427 288199645 1278345844 1314188008 1474473117 1565002574 X 48335774 -12776946 283336 X false true X true true true X 21969130 14563913 20784446 59979054 19188524 136485067 0 0 21969130 14563913 20784446 59979054 19188524 136485067 5233651 131251416 10992201 10488843 74606534 18194337 13663778 127945693 0 0 0 0 0 0 1205791 1019860 466750 833543 1378671 4904615 269335375 1824219642 0.4873 0.4768 X Schedule A, Part II, Line 10 Other Income DESCRIPTION - FUNDRAISING REVENUE, COLUMN A - 9143.0, COLUMN B - 3916.0, COLUMN C - 1057.0, COLUMN D - 5863.0, COLUMN E - 27567.0, COLUMN F - 47546.0; DESCRIPTION - GROSS SALES OF INVENTORY, COLUMN A - 1196648.0, COLUMN B - 1015944.0, COLUMN C - 465693.0, COLUMN D - 827680.0, COLUMN E - 1351104.0, COLUMN F - 4857069.0; RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false false false false false false false false true 405 405 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 $81,038. A PORTION OF THE DUES (0.5%) IN THE AMOUNT OF $405 WAS SPENT ON LOBBYING ACTIVITY. 0 16825020 X X X false false true X 369312966 3798953 -4468118 4310650 364333151 394634409 6545533 -27693842 4173134 369312966 291936335 32158260 74388156 3848342 394634409 274345595 8596841 12849336 3855437 291936335 221028145 55267288 1068234 3018072 274345595 0.336 0.51 0.154 false false 51548672 51548672 1055769555 156490500 899279055 5185221 3374305 1810916 37057889 34385681 2672208 208346986 10398544 197948442 1153259293 Interest Rate Swaps Line of Credit 50000000 Lease Liabilities 4862165 54862165 X 315428552 -12776946 2112333 -10664613 326093165 172243 127728427 127900670 453993835 279586388 1967600 1967600 277618788 172243 127867030 128039273 405658061 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. 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, 2023 and 2022, 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, 2023 and 2022, 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 - 1167131 Change in value of interest rate swaps - 154308 Rental Expense - 790894 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 - -129028 Fundraising Expenses - -9575 Schedule D, Part XII, Line 2(d) Other expenses in audited financial statements not in form 990 Cost of Goods Sold - 1167131 Rental Expense - 790894 Fundraising Expenses - 9575 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, 2023. true Sub-Saharan Africa 0 0 Grantmaking 2000000 0 0 0 0 0 0 2000000 0 2000000 Sub-Saharan Africa Social Impact 2000000 Check 0 1 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 SUB-SAHARAN AFRICA-Accrual Schedule F, Part II, Line 1 Method used to account for expenditures on org's financial statements SUB-SAHARAN AFRIC College of Law Enrichment Fund 12500 10895 1605 2349 1601 Student Law Journal Symposium 6000 1980 4020 1605 1 9067 9067 4020 27567 12875 14692 3954 5621 9575 5117 true MERIT BASED 5647 47151176 NEED BASED 11088 67637145 ATHLETIC 345 7452081 ENDOWED 1392 4156086 TALENT BASED 342 1482765 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 L Greg Jones President 924518 0 0 0 21313 0 119750 0 18654 0 1084235 0 0 0 Thomas Burns Provost 455390 0 0 0 611 0 15250 0 13925 0 485176 0 0 0 Steven Lasley VP of Finance and Operations 453561 0 0 0 1267 0 15250 0 14099 0 484177 0 0 0 Paula Gill VP Institutional Effectiveness 402004 0 0 0 901 0 15250 0 6434 0 424589 0 0 0 Susan West EVP for Administration/Chief of Staff 364385 0 0 0 901 0 15250 0 8917 0 389453 0 0 0 Jason Rogers EVP for External Engagement & University Counsel 350944 0 0 0 763 0 15250 0 10956 0 377913 0 0 0 David Gregory EVP for Academic Excellence & Provost 348872 0 0 0 661 0 15250 0 6031 0 370814 0 0 0 Clifton Perry Moulds VP of University Advancement 317236 0 0 0 355 0 15250 0 10685 0 343526 0 0 0 Scott Corley VP & Athletic Director 307780 0 0 0 403 0 15250 0 13925 0 337358 0 0 0 Amy Crook VP Transformative Innovation 263482 0 0 0 319 0 13229 0 2995 0 280025 0 0 0 Christopher Gage VP for Enrollment 246533 0 0 0 355 0 12474 0 4593 0 263955 0 0 0 Sarah Cates VP Imagination/Strategic Initiatives 241638 0 0 0 325 0 12417 0 8640 0 263020 0 0 0 Tamika Wordlow Williams VP for Student Formation & Dean of Students 213205 0 0 0 319 0 6600 0 19913 0 240037 0 0 0 Todd Lake VP of Spiritual Development 191099 0 0 0 0 0 13763 0 74625 0 279487 0 0 0 Alberto Gonzales Dean 462507 0 0 0 734 0 15250 0 18686 0 497177 0 0 0 Sarah Gardial Dean 433284 0 0 0 1027 0 15250 0 18713 0 468274 0 0 0 Anderson Spickard Dean 340425 0 0 0 523 0 15250 0 14925 0 371123 0 0 0 Jhennifer Amundson Dean 249050 0 0 0 608 0 12807 0 23945 0 286410 0 0 0 Charles Apigian Executive Director 246325 0 0 0 355 0 7656 0 25745 0 280081 0 0 0 Casey Alexander Head Men's Basketball Coach 953605 0 30000 0 643 0 68310 0 23945 0 1076503 0 0 0 Bart Brooks Head Woman's Basketball Coach 333482 0 70094 0 260527 0 65250 0 23945 0 753298 0 54122 0 Philip Johnston Associate Provost 378403 0 0 0 265 0 15250 0 19474 0 413392 0 0 0 Stephanie McClure Clinician Educator 377261 0 0 0 901 0 15250 0 13301 0 406713 0 0 0 Jeffrey Kinsler Professor 316136 0 0 0 551 0 15250 0 5974 0 337911 0 0 0 Robert Fisher President Emeritus 621573 0 0 0 1501 0 15250 0 9813 0 648137 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 Dr. Susan Jones. Schedule J, Part I, Line 1a Tax indemnification and gross-up payments President Jones received a grossed-up payment for the imputed interest owed on his internal loan with the university. This was included as taxable compensation. Schedule J, Part I, Line 1a Housing allowance or residence for personal use Todd Lake, VP for Spiritual Development, receives a qualified minister allowance in the amount of $5,000 per month. This amount is removed from taxable income on his annual W-2. Schedule J, Part I, Line 1a Health or social club dues or initiation fees The university pays an annual golf club membership on behalf of its head basketball coach. The membership is being treated as taxable compensation to the basketball coach. Schedule J, Part I, Line 4b Supplemental nonqualified retirement plan Belmont University allows certain executives to participate in a supplemental non-qualified retirement plan. In FY23 the organization made the following supplemental nonqualified retirement plan contributions: Dr. Robert Fisher, President Emeritus - No additional accruals were contributed to his plan per his contract. Dr. Greg Jones, University President - $104,500 Casey Alexander, Head Men's Basketball Coach - $53,060 Bart Brooks, Head Woman's Basketball Coach - $50,000 In FY23 the organization made the following supplemental nonqualified retirement plan distributions: Dr. Robert Fisher - $236,571 Bart Brooks - $260,202 A HEALTH AND EDUCATIONAL FACILITIES BOARD OF THE METROPOLITAN GOVERNMENT OF N ASHVILLE AND DAVIDSON COUNTY TN (2012A) 626139016 000000000 2012-05-30 50900000 REFUNDING BOND ISSUE false false false B THE HEALTH AN DEDUCATIONAL FACILITIES BOARD OF THE METROPOLITAN GOVERNMENT OF NASHVILLE AND DAVIDSON COUTNY 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 A 47542000 0 50900000 0 0 0 0 0 0 50900000 0 true false true true B 7180000 0 136632966 0 0 0 804140 0 0 102616400 33212426 0 2022 true 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 A false false true false true false false false false B false true false false false false false false false A false B 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. The university expects to have these written procedures approved and available for its 2022 990 return. NA Officer Mortgage X 1600000 1600000 false true true 1600000 SEE PART V N/A 42480 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 13 1262298 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 FY23, 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 FY23, 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 ANN RUSSELL AND JOE RUSSELL - Family relationship Form 990, Part VI, Line 4 Significant changes to organizational documents The Bylaws were amended during FY23 with the following significant change: The Board of Trustees has authorized the President and Vice President of Finance and Operations to execute all documents necessary to incur indebtedness to finance the construction of a new residence hall and parking garage and other related campus facilities. 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 - Total Revenue: 3215513, Related or Exempt Function Revenue: 3215513, 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 INTEREST RATE SWAPS - 154308; CHANGE IN VALUE OF ANNUITIES - 129028; 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 13073 true false false false false false false false false false false false false false false false false false false false