2023-06-13T08:15:20-00:00 2020-12-31 The Wesley Peachtree Group CPAs 1475 Klondike Road Suite 100 Conyers GA 30094 990 2020-01-01 205239134 Reformed University REFO 7702322717 1724 Atkinson Road Lawrenceville GA 300435604 Dr Jin O Jeong President 2023-04-26 true Dr Jin O Jeong 999009999 Dane Alexander P01684380 4048740555 2023-04-26 AAL1 IAL1 2020 2023-04-26 12:10:37Z X Dr Jin O Jeong 1724 Atkinson Road Lawrenceville GA 300435604 1401528 false X www.ruiv.edu X 2012 GA Provides education in theology, divinity, religious education, ministerial training, business, and organizational leadership. 5 5 19 2 0 116781 888391 1275170 0 9577 888391 1401528 19015 18400 0 474974 22500 0 0 377308 948849 871297 989749 17094 411779 958415 2060699 525096 1408561 433319 652138 X Provides education in theology, divinity, religious education, ministerial training, business, and organizational leadership. false false 719846 18400 1275170 A Christian institution committed to excellence in theological education based in Reformed Christian tradition, and a competitive business school, dedicated to preparing our students to the challenges of the marketplace. 719846 true false false false false false false false false false true false false false true true true false true false false false false false false false false false true false false false false false false false false false false false false false false false false false false true X 36 0 19 true false false false false false false false false false false false false X 5 5 false true false false false false false true true false true true true true true true false true false false false X Ok Ran Lee 7702322717 1724 Atkinson Road Lawrenceville GA 300435604 Dr Won Wook Moon Vice President 040.00 001.00 X 22500 0 0 Rev Dehaun Cui Trustee 001.00 001.00 X 0 0 0 Rev Young Naomi Didion Vice Chair 001.00 001.00 X X 0 0 0 Rev Pyeong Rac Jeong Chair 001.00 001.00 X X 0 0 0 Seok Jae Oh Trustee 001.00 001.00 X 0 0 0 Keum Soon Park Trustee 001.00 001.00 X 0 0 0 Dr Jae Sig Park President 040.00 001.00 X 0 0 0 22500 false false false X 116781 116781 Tuition and fees 616000 1275170 1275170 1275170 Other income 900099 9577 9577 9577 1401528 1284747 X 0 18400 18400 0 0 22500 22500 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Instruction 651862 651862 Public Service 527 527 Academic Support 44536 44536 Student Services 4521 4521 247403 247403 989749 719846 269903 0 X 103205 1016854 149638 30101 298000 901963 186219 688867 715744 16705 958415 2060699 66370 59147 95438 869381 363288 330033 150000 525096 1408561 X 433319 652138 433319 652138 958415 2060699 X 411779 -192960 X X false true X true true true X false 259740 259740 461760 85050 376710 71700 5784 65916 72963 64597 8366 35800 30788 5012 715744 Financial derivatives and other financial products Closely-held equity interests Federal income taxes X 1401528 1401528 1401528 989749 989749 989749 X 2 The University qualifies for the charitable contribution deduction under Section 170b1A and has been classified as an organization other than a private foundation under Section 509a2. Accounting principles generally accepted in the United States of America require the Universitys management to evaluate tax positions taken by the University and to recognize a liability or asset if the University has taken an uncertain tax position that will more-likely-than-not be sustained upon examination by taxing authorities. Management has analyzed the tax position taken by the University for the year ended December 31, 2020 and believes there are no such positions as of December 31, 2020. Accordingly, no asset or liability has been accrued. true true true true true true true false false false false false false false false true true true 6a The University offers scholarships and student financial aid to assist with meeting the students financial obligations. The Financial Aid Office has the necessary policies and procedures to ensure that the University adheres to and complies with federal regulations regarding eligibility for student financial aid. Requirements for receiving scholarships depend upon other factors, such as grade point average, family income or econcomic need 6b The University has not complied with certain administrative requirements for participation in the Title IV programs and the request for funds has been restricted. Accordingly, the University is not allowed to receive any Title IV funds from the U.S. Department.of Education. true Privately Funded Scholarships 12 18400 Part III Line 1 All scholarships are awarded based upon specific criteria maintained by the financial aid office. Requirements for receiving scholarships depend upon other factors, such as grade point average, family income or economic need. The Universitys financial aid staff monitors the eligibility guidelines to ensure compliance. The University also undergoes the required Uniform Guidance audit annually. Form 990, Part VI, Section B, Line 11b The Form 990 is reviewed by the President. Upon completion of the Presidents review, the return is submitted to the Board of Trustees for their approval. The Board of Trustees directs any recommended revisions to the President and Chief Financial Officer for consideration. Form 990, Part VI, Section B, Line 12c Board members shall disclose to the Board any possible conflict of interest at the earliest practical time. A Board member shall not vote on any matter, under consideration at a Board or committee meeting, in which the member has a conflict of interest. The minutes of such meeting shall reflect that a disclosure was made and that the member having a conflict of interest abstained from voting. Any Board member who is uncertain whether a conflict of interest may exist in any matter may request the Board or committee to resolve the question by a majority vote. Form 990, Part VI, Section C, Line 19 The University makes its governing documents, conflict of interest policy and financial statements available to the public upon request. Form 990, Part III, Line 4a Since the Universitys financial statement audit was finalized subsequent to the filing of the 2020 Form 990, an amendment of the Form 990 is required. Program revenue and expense amounts have been updated. Form 990, Part IV, Line 11f Updated per the amendment noting separate independent audited financial statements have been obtained and the referenced footnote disclosure was included. Form 990, Part IV, Line 12a Updated per the amendment noting separate independent audited financial statements have been obtained. Therefore, Schedule D, Parts XI and XII have been completed. Form 990, Part V, Line 1a The number reported in Box 3 of Form 1096 has been amended. Form 990, Part V, Line 2a The number reported on Form W-3 has been amended. Form 990, Part VI, Section A, Line 1a, 1b The number of voting members and independent voting members of the governing body updated per the amendment. Form 990, Part VIII, Line 12 Revenue has been updated per the amendment. Form 990, Part IX, Line 25 Functional expenses have been updated per the amendment. Form 990, Part X, Line 16, 33 Balance sheet amounts, including assets, liabilities and net assets, have been updated per the amendment. Form 990, Part XI, Line 10 Reconcilation of net assets has been updated per the amendment therefore, associated disclosed amounts in Schedule D have been amended. Form 990, Part XII, Line 2b Per the amendment, the University s financial statements have been audited on a separate basis. Form 990, Part V, Line 4a Updated per the amendment as the University did not have interest in or signature or authority over a financial account in a foreign country. Form 990, Part VI, Section A, Line 3 Updated per the amendment as the University did not delegate control over management duties to a management company or other person. Form 990, Part VI, Section B, Line 10a Updated per the amendment as the University did not have local branches, chapters or affiliates.