2022-03-16T13:19:04-05:00 2021-05-31 363990892 Capin Crouse LLP 1255 Lakes Parkway Suite 105 Lawrenceville GA 30043 990 2020-06-01 570314406 North Greenville University NORT 8649777000 PO Box 1892 Tigerville SC 29688 Michael Stowell SVP for Finance 8649777000 2022-03-16 1 Michael Stowell 999009999 Daren Daiga P01074795 5055022746 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z Dr Gene Fant PO Box 1892 Tigerville SC 29688 64980069 0 X www.ngu.edu X 1892 SC The University offers a quality education in a biblically sound, Christ-centered environment. 25 24 1091 100 0 0 5092890 5542315 57330222 54780441 759395 3014706 122582 152825 63305089 63490287 17313077 18453800 0 0 26470360 27067453 0 0 740174 18554905 19204094 62338342 64725347 966747 -1235060 119221834 122929875 9155555 9729847 110066279 113200028 North Greenville University exists to glorify God by cultivating graduates who are equipped to serve as transformational leaders for church and society. 0 0 55247387 18442520 49995474 The University provided academic instruction to 1,991 undergraduate students during the year, offering programs from a liberal arts core which challenged the students to improve their abilities to think critically and communicate clearly. The majority of undergraduate instruction is offered in-person by full-time faculty serving at the University's Tigerville campus. Faculty commit to pursue the institutional mission when they are offered positions with the University, equipping students to become transformational leaders for church and society. As an extension of the institutional mission, the University fielded varsity athletic programs in 21 NCAA Division II sports during the year with 538 student-athletes participating. 2993597 11280 4784967 The University provided academic instruction to 289 graduate students during the year. The master's and doctoral-level instruction is designed to enhance the student's professional skills. NGU graduate degrees in ministry, business, education, music and physician assistant fields are coordinated through the University's Greer campus. Faculty commit to the institutional mission when they accept teaching roles with the University, helping graduate students strengthen their abilities to serve as transformational leaders for church and society. 58240984 1 1 0 0 0 0 0 1 1 1 1 1 0 0 1 0 0 1 1 0 1 0 0 0 1 0 0 0 1 1 0 0 0 0 0 0 1 0 1 1 0 0 0 1 1 0 0 0 1 3029 0 1 1091 1 0 0 0 0 0 1 1 0 0 0 1 0 0 0 X 25 24 0 0 0 0 0 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 SC X Mike Stowell 8649777000 PO Box 1892 Tigerville SC 29688 Dr Gene Fant President 40.00 X 310732 0 38830 Rich Grimm Executive VP 40.00 X 183713 0 22246 Jordan M Hairr PA Program Dir. & Asst. Professor 40.00 X 144520 0 20658 Nathan Finn Provost 40.00 X 121445 0 33830 John Duncan Dean Coll. of Bus. & Prof of Acct. 40.00 X 132708 0 10207 Kaye Rickman PA Assoc. Program Dir. & Asst. Prof. 40.00 X 128599 0 11517 C Michelle Sabou Senior VP of Finance (part year) 40.00 X 118063 0 21644 Tim Huggins VP Information Technology Services 40.00 X 117531 0 22176 Marty O'Gwynn VP of Advance. & Univ. Engagement 40.00 X 120113 0 12414 Dr Mike Hamlet Chairman 1.00 X X 0 0 0 Rev Travis Agnew Chairman (part year) 1.00 X X 0 0 0 Mandie Boyd Vice Chairman 1.00 X X 0 0 0 William Knupp Vice Chairman (part year), Trustee 1.00 X X 0 0 0 Shana Sands Secretary 1.00 X X 0 0 0 Beverly N Hawkins Secretary (part year), Trustee 1.00 X X 0 0 0 Laura Messer Trustee 1.00 X 0 0 0 Mitsy Ballentine Trustee 1.00 X 0 0 0 Bo Davies Trustee 1.00 X 0 0 0 Mike Hamrick Trustee 1.00 X 0 0 0 Robert Jackson Trustee 1.00 X 0 0 0 Edwin Leap Trustee 1.00 X 0 0 0 Richard McLawhorn Trustee 1.00 X 0 0 0 Dr Mike Whitson Trustee 1.00 X 0 0 0 Pierce Williams Trustee 1.00 X 0 0 0 Mr Lee Capell Trustee 1.00 X 0 0 0 Mr Gary Holeman Trustee 1.00 X 0 0 0 Lucian Lee Trustee 1.00 X 0 0 0 Cathy Blalock Trustee 1.00 X 0 0 0 Bill Tyler Trustee 1.00 X 0 0 0 Don Wilson Trustee 1.00 X 0 0 0 Ronald Edwards Trustee 1.00 X 0 0 0 Keith Broadus Giddens Trustee 1.00 X 0 0 0 Ron E Hewitt Jr Trustee 1.00 X 0 0 0 Isaac Johnson Jr Trustee 1.00 X 0 0 0 Brian Lee Spearman Trustee 1.00 X 0 0 0 Rev Seth Buckley Trustee (part year) 1.00 X 0 0 0 Rebecca Coleman Trustee (part year) 1.00 X 0 0 0 James Cudd Trustee (part year) 1.00 X 0 0 0 Claude Tackett Trustee (part year) 1.00 X 0 0 0 Michael Stowell Senior VP of Finance 40.00 X 0 0 0 1377424 0 193522 13 0 1 0 Aramark Services Inc PO Box 978839 Dallas TX 753978839 Food Service 2964036 The Budd Group PO Box 890856 Charlotte NC 282890856 Landscape & Janitorial Service 1304022 Trehel Corporation PO Box 6688 Greenville SC 29606 Construction Services 739314 Tree of Life Bookstores LP 1500 S Western Ave Marion IN 46953 Textbook Rental Service 582020 AFS LLC PO Box 237 Inman SC 29349 Construction Services 432010 18 8392 1147077 2456991 1929855 284361 5542315 Tuition and fees 611710 40588253 40588253 Auxiliary revenue 611710 12742660 12742660 Campus Bookstore 451211 1188305 1188305 261223 261223 54780441 686646 686646 174319 51186 123133 123133 123133 3741339 817093 596186 2924246 -596186 2328060 2328060 55009 8392 25317 29692 29692 63490287 54780441 0 3167531 18453800 18453800 913656 713910 199746 129797 129797 21460023 18666809 2310034 483180 337250 299494 27606 10150 2784281 2404868 328045 51368 1442446 1247115 159588 35743 44768 44768 72929 16000 56929 274591 274591 710794 359406 318263 33125 914239 20702 893537 1532791 1075358 391479 65954 270905 251804 19101 1350260 1350014 246 158754 141600 8893 8261 51829 42139 6998 2692 2739846 2664913 67150 7783 560660 536067 18468 6125 Food services 3042004 3042004 Repairs & maintenance 2734389 2734389 Campus bookstore COGS 1423877 1423877 3321458 2666918 618747 35793 64725347 58240984 5744189 740174 654773 653148 13642121 11568217 467258 31554 13764 10673 243282 151218 108005 496543 100476004 36362204 63924964 64113800 18852211 26488386 18595547 16193502 865555 984719 1854354 2238115 119221834 122929875 3320442 4560400 5398027 4356801 39729 44145 145324 106047 110417 75001 141616 587453 9155555 9729847 X 70018423 70187359 40047856 43012669 110066279 113200028 119221834 122929875 X -1235060 3986278 382531 X 0 1 X 1 1 1 X 2944393 4192751 4223052 5092890 5542315 21995401 2944393 4192751 4223052 5092890 5542315 21995401 1643736 20351665 661905 728927 918471 927624 860965 4097892 10501 48845 58977 23420 55009 196752 26290045 288432220 0.77410 0.76460 X Schedule A, Part II, Line 10, Explanation of Other Income: Fundraising - 2016 Amount: $ 10,501. 2017 Amount: $ 48,845. 2018 Amount: $ 58,977. 2019 Amount: $ 23,420. 2020 Amount: $ 55,009. Schedule A, Part II The organization is a school as described under 170(b)(1)(A)(ii) and is not required to complete a public support schedule. Schedule A, Part II is completed to verify the School can qualify under public charity status section 170(b)(1)(A)(vi) and qualifies to use the first listed special rule for Schedule B reporting. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 500 108933 X X 0 0 1 X 34849069 183277 7284410 1770804 40545952 34748925 210203 2338016 2448075 34849069 31299423 3031695 667538 249731 34748925 28356288 1214458 1787206 58529 31299423 25829511 314976 2265824 54023 28356288 0.05847 0.94153 0 1 1 800325 8924553 9724878 72589485 24507444 48082041 15714799 11854760 3860039 2446842 2446842 64113800 Cash value of life insurance 549278 F Baptist Foundation 4900909 F Alternative investments 2974772 F Closely held stock 40008 F Fixed income 7728535 F 16193502 Trust liability 44885 Capital lease obligation 542568 587453 50074195 3986278 3712 459034 4449024 45625171 274591 17590525 17865116 63490287 46940446 3712 76503 80215 46860231 274591 17590525 17865116 64725347 Part III, Line 4: Bronze statues are located throughout the North Greenville campus with Scripture to remind the campus community of the mission and purpose of the institution. The Miller Bible Museum contains a collection of rare printed Bibles, language Bibles, and artifacts that illustrate the historical development of the written Word of God. The presidential office suite also contains eight framed Audubon prints on display. Part IV, Line 2b: Deposits held in custody represent amounts held for various organization's club accounts in the University or on University grounds that conduct their own business transactions for events. These funds are kept in the University checking account and maintained in the general ledger as a net to a liability account per organization. Part V, Line 4: The majority of the University's endowment earnings is used to provide scholarship assistance. A smaller portion is used to support programs and operations as designated or permitted by the donors. Part XI, Line 2d - Other Adjustments: Fundraising expenses 25,317. Rental expenses 51,186. Change in value of trust 382,531. Part XI, Line 4b - Other Adjustments: Scholarships netted with revenue 17,590,525. Part XII, Line 2d - Other Adjustments: Fundraising expenses 25,317. Rental expenses 51,186. Part XII, Line 4b - Other Adjustments: Scholarships netted with revenue 17,590,525. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 Schedule E, Part I, Line 3 The organization currently enrolls students of racial minority groups in meaningful numbers consistent with the publicity exception found in Rev. Proc. 75-50 section 4.03(2)(b). Schedule E, Part I, Line 6 Federal financial aid funds under Title IV are received by the University and are awarded and disbursed to its students. The University also received HEERF grants made available during the COVID-19 Pandemic. Central America and the Caribbean 0 0 Investments 178043 0 0 0 0 0 0 178043 0 178043 1 0 1 0 1 0 Part I, line 3: Accrual method of accounting is used to account for foreign expenditures. Part III Accounting Method: Part IV, Line 1, 3 and 5: The organization has analyzed its ownership in the foreign corporations and foreign partnership and has determined that it does not meet the reporting thresholds for Form 926, Form 5471 and Form 8865. Golf tournament - Crusader Club 27990 0 27990 4305 3220 6147 Golf tournament - Marion Moorhead 23086 8392 14694 4032 1464 1746 1 12325 0 12325 4358 45 63401 8392 55009 12695 4684 7938 25317 29692 1 Scholarships 2246 17590525 HEERF Grants 1583 863275 Part I, Line 2: The financial aid planning office requires students to complete the free application for federal student aid (FAFSA) form to determine eligibility for federal, state and institutional grants, scholarships and loans. This is an equitable formula that measures all assets consistently. In addition to this form, the institution does require some other guidelines in the event that funds are offered based on certain academic credentials or performance in a university sponsored activity or athletic event. These credentials are clearly stated in the university catalog and the university website. Enrollment and eligibility are monitored by the university. Scholarships are applied directly to each student's account. X 1 1 X X X X 0 0 0 0 0 0 0 0 0 Dr Gene Fant President 259461 0 50102 0 1169 0 5295 0 37175 0 353202 0 0 0 Rich Grimm Executive VP 173612 0 101 0 10000 0 3413 0 18968 0 206094 0 0 0 Jordan M Hairr PA Program Dir. & Asst. Professor 132419 0 101 0 12000 0 2975 0 17818 0 165313 0 0 0 Nathan Finn Provost 121337 0 108 0 0 0 2630 0 31335 0 155410 0 0 0 Part I, Line 1a As a condition of employment, and as a convenience to the University, the President, Senior VP of Finance, the VP of Information Technology, Provost and Executive VP are provided a home on University grounds. The home is provided as a nontaxable benefit. Landon Powell Family Member of Bo Davies, Trustee 68915 W-2 & benefits 0 Vlad Sabou Family Member of Michelle Sabou, Senior VP Finance 60882 W-2 & benefits 0 X 1 500 Cost X 11089 Cost X 31596 Cost X 2 27988 Cost X 6 120745 Selling Price X 1 40000 Cost X Capital Project 1 50802 Cost X Meals 4 1641 Cost 0 0 1 0 Part I, Column (b): The number of contributions represent the number of contributions received, not the number of items donated. Form 990, Part VI, Section A, line 1 The Executive Committee is composed of the Chairman, the Vice Chairman, the Secretary, two members-at-large, and the Chairman of each of the other board committees. When the board is not in session, the Executive Committee has the authority to: a) Discharge such duties as the board may assign from time to time and submit a report of its action at the next meeting of the board. b) Review and approve the annual budget prepared by the President and recommend the budget to the entire board for final action. c) Except as limited by these bylaws, or the board itself, have general oversight over matters relating to finance, and implement the fiscal policies of the board. d) Initiate and implement long-range planning for the institution. e) Through the President, serve as the avenue of communication between the board, the faculty, staff, and student body. f) Serve as a grievance committee on complaints received through the office of the President from member of the faculty or staff at the executive committee's initiative or at the request of the President. Form 990, Part VI, Section A, line 7a The governing body of North Greenville University is vested in a Board of Trustees, elected by the South Carolina Baptist Convention in the manner and for the terms prescribed in the charter of the institution, in accordance with the action of the Convention. The South Carolina Baptist Convention is an association of cooperating churches which meets annually for two days to conduct Convention business. Each church that contributes to the Cooperative Program and adheres to the Baptist Faith and Message 2000 is allowed to send a delegation of messengers to the annual meeting. Messengers register in advance and credentials are issued (including voting ballots) to qualified Messengers. The Messengers elect the trustees of North Greenville University. Form 990, Part VI, Section A, line 7b Certain governance decisions are reserved to the Messengers of the South Carolina Baptist Convention, including: (1) the appointment and removal of members of the Board of Trustees, (2) amendments to the articles of incorporation, (3) merger or dissolution of the corporation, and (4) the disposal of assets other than in the usual and regular course of the University's activities. Further, the Executive Board of the South Carolina Baptist Convention may approve amendments to the articles of incorporation other than an amendment changing the relationship between the University and the Convention. Form 990, Part VI, Section B, line 11b The 990 is prepared by an independent CPA firm and reviewed in detail by the organization's top management. Every member of the governing body is provided with a copy of the 990 prior to filing with the IRS. Form 990, Part VI, Section B, line 12c The trustees and officers must sign a conflict of interest policy annually. The conflict of interest disclosure forms are then reviewed by the Senior VP of Finance. The Senior VP of Finance's statement is reviewed by the President and Chairman of the Board. Any conflicts are disclosed to the President and the Chairman of the Board. Should any potential conflicts of interest be disclosed, the board member or officer would be asked to refrain from participation in any deliberation or decision with regard to matters affected by the relationship. Form 990, Part VI, Section B, line 15 The Executive Compensation Committee of the independent Board of Trustees reviews the salary and benefits of the President and decides what the new contract amounts will be using comparability data from colleges with similar budgets. This process is documented in the committee minutes. Form 990, Part VI, Section B, Line 15b: Officer compensation is set by the President with oversight of the Board of Trustees and is based on a review of comparability data. Documentation of the process is kept in the offices of the President and Human Resources. Form 990, Part VI, Section C, line 19 The governing documents, conflict of interest policy and financial statements are available upon request. Form 990, Part XI, line 9: Change in value of trust 382,531. South Carolina Baptist Convention 190 Stoneridge Drive Columbia SC 29210 570360087 Association of Southern Baptist Churches SC 501(c)(3) Line 1 N/A 0 The Baptist Foundation of South Carolina 190 Stoneridge Drive Columbia SC 29210 570348054 Institution of SCBC designated for the management of trust funds SC 501(c)(3) Line 1 South Carolina Baptist Convention 0 Living Trust (1) Irrevocable Living Trust SC North Greenville University T 1 Charitable Remainder Unitrust (3) Charitable Remainder Unitrust SC North Greenville University T 1 0 0 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0