2023-04-12T05:30:10+00:00 2022-05-31 350921680 CROWE LLP 9600 Brownsboro Road Suite 400 Louisville KY 402413902 990 2021-06-01 620465076 Belmont University BELM 6154606000 1900 Belmont Blvd Nashville TN 37212 Steve Lasley VP of Finance and Operations 2023-04-12 true Steve Lasley 999009999 Kim Scifres P01316095 5023263996 2021 2023-04-26 12:10:37Z L Gregory Jones 1900 Belmont Blvd Nashville TN 37212 482264166 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. 30 30 4148 74 944831 0 20784446 59979054 334380490 376114601 46379230 19814324 4903020 8448175 406447186 464356154 92647292 114457409 0 131947972 147568514 0 3733920 71007122 90853903 295602386 352879826 110844800 111476328 1320672864 1474473117 106532487 196127273 1214140377 1278345844 BELMONT UNIVERSITY IS A STUDENT-CENTERED 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 287187848 114457409 382758100 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 OHIO 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 FOURTEEN 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 EIGHT 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 140 CLUBS AND ORGANIZATIONS AVAILABLE TO STUDENTS. 287187848 true true false true false false true true true true false false false true true false true true false false false false false false false false false true true true false false false false false true true false false false true true false false false true true false false false true 12279 0 true 4148 true true true false false false false true true false false false false true false X 30 30 true false false 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 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 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 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 Ferguson Trustee (until 12/31/21) 1.0 X 0 0 0 John R Faison Sr 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 Mark Wright Trustee 1.0 X 0 0 0 Mark Wright Trustee (until 12/31/21) 1.0 X 0 0 0 Marty Dickens Trustee (until 12/31/21) 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 Steve Hewlett Trustee 1.0 X 0 0 0 Steve Horrell Trustee 1.0 X 0 0 0 Todd Jones Trustee (until 12/31/21) 1.0 X 0 0 0 Amy Crook VP Transformative Innovation 40.0 X 228539 0 26182 Clifton Perry Moulds VP of University Advancement 40.0 X 300259 0 40614 Jason Rogers VP of Administration & University Counsel 40.0 X 323897 0 41822 John Carney VP of Marketing and Communications 40.0 X 281665 0 38180 L Greg Jones President 40.0 X 573367 0 111107 Paula Gill Vice President Institutional Effectiveness 40.0 X 356347 0 28672 Sarah Cates VP Imagination/Strategic Initiatives 40.0 X 176825 0 33189 Steven Lasley VP of Finance and Operations 40.0 X 420692 0 44754 Susan West VP/Chief of Staff 40.0 X 314483 0 35442 Thomas Burns Provost 40.0 X 439208 0 43754 Todd Lake VP of Spiritual Development 40.0 X 181564 0 103363 Alberto Gonzales Dean 40.0 X 446749 0 35705 David Gregory Dean 40.0 X 264516 0 26941 George Bates Dean 40.0 X 424869 0 15278 Philip Johnston Dean 40.0 X 337235 0 35095 Sarah Gardial Dean 40.0 X 418280 0 33334 Bart Brooks Head Woman's Basketball Coach 40.0 X 351083 0 93061 Casey Alexander Head Men's Basketball Coach 40.0 X 865821 0 76459 D Lee Warren Professor 40.0 X 251179 0 20887 Jeffrey Kinsler Professor 40.0 X 301333 0 28212 Scott Corley Athletic Director 40.0 X 275002 0 43567 Robert Fisher Former President 0.0 X 1212890 0 35946 8745803 0 991564 337 true true false R C MATHEWS CONTRACTOR LLC PO BOX 24687 NASHVILLE TN 37202 PRIMARY GENERAL CONTRACTOR 96915588 SODEXO 1900 BELMONT BLVD NASHVILLE TN 37212 FOOD SERVICE VENDOR 12941000 EARL SWENSSON ASSOCIATES PO BOX 410628 NASHVILLE TN 372410628 ARCHITECTS 12290871 CASE RESTORATION 1115 POLK AVE NASHVILLE TN 37210 GENERAL CONTRACTOR 3060650 RYZEC BUILDING GROUP LLC 133 HOLIDAY COURT SUITE 210 FRANKLIN TN 37067 ARCHITECTS 1449165 110 14440158 45538896 12640824 59979054 Tuition and Fees - Instruction 611310 331935050 331935050 Residence Halls - Student Services 721310 29000341 29000341 0 0 BOOKSTORE SALES 451211 6830930 6830930 0 0 Study Abroad 611710 3099291 3099291 Athletics 900099 2966567 2966567 2282422 2282422 0 0 376114601 16660757 16660757 0 0 0 0 696004 696004 837576 557237 280339 0 280339 280339 19554301 16400734 3153567 0 3153567 3153567 5863 0 5863 5863 0 0 0 0 0 0 827680 950041 -122361 -122361 Cafeteria 722310 5705853 5705853 0 0 Curb Events Center 711310 1137475 937646 199829 0 Ocean Way Music Studio 512240 745002 0 745002 0 0 0 0 0 7588330 464356154 382758100 944831 20674169 114457409 114457409 6651420 2063040 4240112 348268 112497827 98571030 11886921 2039876 4176149 3665731 437661 72757 16389719 943965 14870277 575477 7853399 6650041 1047483 155875 0 0 0 0 147690 0 147690 0 144650 0 144650 0 0 0 0 0 0 0 484672 0 484672 0 10070004 6818786 3141437 109781 2398281 663165 1716271 18845 2333204 1296130 913604 123470 611621 394460 214833 2328 0 0 0 0 23802834 13673741 10124439 4654 6532093 5634378 854600 43115 0 0 0 0 1094501 572806 403212 118483 130276 94261 36015 0 0 0 0 0 15484371 12296719 3187652 0 1871170 110496 1744614 16060 Loss on Disposal of Assets 1278461 1278461 0 0 Dues & Subscriptions 7130067 3937830 3182052 10185 Bookstore Expense 5538250 5538250 0 0 Small Equipment & Supplies 7469705 5715380 1741946 12379 4332053 2811769 1437917 82367 352879826 287187848 61958058 3733920 7430 7630 42910562 49857509 18085336 35569329 4131120 4713052 0 1600000 0 0 1271493 1515703 181367 308608 2410884 582870 1192315775 186866253 877928566 1005449522 341638156 324240210 0 0 32107950 50628684 1320672864 1474473117 27991864 39245699 4100408 9048741 47502930 136365159 203214 212789 0 0 5950488 5450756 20783583 5804129 106532487 196127273 X 914886011 977150417 299254366 301195427 1214140377 1278345844 1320672864 1474473117 X 111476328 -47392322 121461 X false true X true true true X 14003015 21969130 14563913 20784446 59979054 131299558 0 0 14003015 21969130 14563913 20784446 59979054 131299558 9710576 121588982 4739672 10992201 10488843 74606534 18194337 119021587 0 0 0 0 0 0 1174156 1205791 1019860 466750 833543 4700100 255021245 1710860320 0.4768 0.4187 X Schedule A, Part II, Line 10 Other Income DESCRIPTION - FUNDRAISING REVENUE, COLUMN A - 6779.0, COLUMN B - 9143.0, COLUMN C - 3916.0, COLUMN D - 1057.0, COLUMN E - 5863.0, COLUMN F - 26758.0; DESCRIPTION - GROSS SALES OF INVENTORY, COLUMN A - 1167377.0, COLUMN B - 1196648.0, COLUMN C - 1015944.0, COLUMN D - 465693.0, COLUMN E - 827680.0, COLUMN F - 4673342.0; RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false false false false false false false false true 361 361 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 $72,130 . A PORTION OF THE DUES (0.5%) IN THE AMOUNT OF $361 WAS SPENT ON LOBBYING ACTIVITY. 8760 16878320 X X X false false true X 394634409 6545533 -27693842 4173134 369312966 291936335 32158260 74388156 3848342 394634409 274345595 8596841 12849336 3855437 291936335 221028145 55267288 1068234 3018072 274345595 153186052 55165738 15474895 2798540 221028145 0.335 0.493 0.172 false false 49463394 49463394 946194082 139617515 806576567 5145347 3266408 1878939 35215024 33623230 1591794 156297928 10359100 145938828 1005449522 Interest Rate Swaps 208888 Line of Credit 0 Lease Liabilities 5595241 5804129 X 303650490 -47392322 1934573 -45457749 349108239 484672 114763243 115247915 464356154 239445023 1507278 1507278 237937745 484672 114457409 114942081 352879826 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, 2022 and 2021, 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 are no longer subject to examination for the fiscal years ended May 31, 2017 and prior. 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, 2022 and 2021, 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 - 950041 Change in value of interest rate swaps - 427295 Rental Expenses - 557237 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 - 305834 Schedule D, Part XII, Line 2(d) Other expenses in audited financial statements not in form 990 Cost of Goods Sold - 950041 Rental Expenses - 557237 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, 2022. true MERIT BASED 5366 43996613 NEED BASED 10384 58544644 ATHLETIC 337 6868656 ENDOWED 1321 3720231 TALENT BASED 302 1327265 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 true true X X false true false false false false false false false L Greg Jones President 560990 0 0 0 12377 0 100000 0 11107 0 684474 0 0 0 Thomas Burns Provost 438533 0 0 0 675 0 14500 0 29254 0 482962 0 0 0 Steven Lasley VP of Finance and Operations 419759 0 0 0 933 0 14500 0 30254 0 465446 0 0 0 Paula Gill Vice President Institutional Effectiveness 355414 0 0 0 933 0 14500 0 14172 0 385019 0 0 0 Jason Rogers VP of Administration & University Counsel 323102 0 0 0 795 0 14500 0 27322 0 365719 0 0 0 Susan West VP/Chief of Staff 313563 0 0 0 920 0 14500 0 20942 0 349925 0 0 0 Clifton Perry Moulds VP of University Advancement 299934 0 0 0 325 0 14500 0 26114 0 340873 0 0 0 John Carney VP of Marketing and Communications 281052 0 0 0 613 0 14372 0 23808 0 319845 0 0 0 Amy Crook VP Transformative Innovation 228238 0 0 0 301 0 11376 0 14806 0 254721 0 0 0 Todd Lake VP of Spiritual Development 181564 0 0 0 0 0 13309 0 90054 0 284927 0 0 0 Sarah Cates VP Imagination/Strategic Initiatives 176541 0 0 0 284 0 9162 0 24027 0 210014 0 0 0 Alberto Gonzales Dean 445983 0 0 0 766 0 14500 0 21205 0 482454 0 0 0 Sarah Gardial Dean 417619 0 0 0 661 0 14500 0 18834 0 451614 0 0 0 George Bates Dean 424378 0 0 0 491 0 14500 0 778 0 440147 0 0 0 Philip Johnston Dean 336970 0 0 0 265 0 14500 0 20595 0 372330 0 0 0 David Gregory Dean 263855 0 0 0 661 0 13437 0 13504 0 291457 0 0 0 Casey Alexander Head Men's Basketball Coach 799294 0 65900 0 627 0 52020 0 24439 0 942280 0 0 0 Bart Brooks Head Woman's Basketball Coach 294083 0 56675 0 325 0 68622 0 24439 0 444144 0 0 0 Jeffrey Kinsler Professor 300897 0 0 0 436 0 14500 0 13712 0 329545 0 0 0 Scott Corley Athletic Director 274599 0 0 0 403 0 14313 0 29254 0 318569 0 0 0 D Lee Warren Professor 250152 0 0 0 1027 0 10492 0 10395 0 272066 0 0 0 Robert Fisher Former President 1034536 0 100000 0 78354 0 14500 0 21446 0 1248836 0 0 0 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 FY22 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 - $100,000 Casey Alexander, Head Men's Basketball Coach - $52,020 Bart Brooks, Head Woman's Basketball Coach - $54,122 Schedule J, Part II Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees Robert Fisher served as President of Belmont University from April 2000 through May 31, 2021. For 990 reporting purposes, compensation is reported on Part VII and Schedule J on a calendar year basis. Amounts reported on the 2021 IRS Form 990 reflect amounts earned for calendar year ending December 31, 2021. Amounts reported as reportable compensation for Robert Fisher, in columns B(i), B(ii) and B(iii), is primarily related to compensation he earned from January 1, 2021 through May 31, 2021. 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 45611000 0 50900000 0 0 0 0 0 0 50900000 0 true false true true B 4687708 0 136632966 0 0 0 804140 0 0 81321814 31831510 22675502 2022 true false false 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 true 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 3283 DISCOUNTED TUITION SEE PART V N/A 38000 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 21 12632064 Market value X Sound recording equipment 2 8760 Market value 0 false true false Schedule M, Part I Explanations of reporting method for number of contributions Other - Sound recording equipment 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 FY22, 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 FY22, 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 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 Conferences/Seminars/Workshops - Total Revenue: 2282422, Related or Exempt Function Revenue: 2282422, 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 - 427295; CHANGE IN VALUE OF ANNUITIES - -305834; 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 13588 true false false false false false false false false false false false false false false false false false false false