2022-02-10T08:28:10-06:00 2021-05-31 450250958 EIDE BAILLY LLP 400 PINE ST STE 600 ABILENE TX 796015190 990 2020-06-01 750851900 ABILENE CHRISTIAN UNIVERSITY ABIL 3256742000 ACU BOX 29120 ABILENE TX 79699 KEVIN CAMPBELL SVP OF OPERATIONS 3256742000 2022-02-10 1 KEVIN CAMPBELL 999009999 JOE MELSON CPA P00158111 3256724000 2022-02-10 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z KEVIN CAMPBELL ACU BOX 29120 ABILENE TX 79699 476263075 0 X WWW.ACU.EDU X 1906 TX ACU IS A NATIONAL LEADER IN CHRISTIAN HIGHER EDUCATION, AND THE MISSION IS TO EDUCATE STUDENTS FOR CHRISTIAN SERVICE AND LEADERSHIP THROUGHOUT THE WORLD. ACU IS A VIBRANT, INNOVATIVE, CHRIST-CENTERED COMMUNITY THAT ENGAGES STUDENTS IN AUTHENTIC SPIRITUAL AND INTELLECTUAL GROWTH, EQUIPPING THEM TO MAKE A REAL DIFFERENCE IN THE WORLD. 32 31 2701 0 74251 0 30866737 84263194 166928823 173347216 39468423 76433316 15732689 20792853 252996672 354836579 69199698 70088778 0 0 76592444 79066867 175271 154129 4348726 66742734 66039252 212710147 215349026 40286525 139487553 773960218 1035035305 208810466 228080101 565149752 806955204 X ACU IS A NATIONAL LEADER IN CHRISTIAN HIGHER EDUCATION, AND THE MISSION IS TO EDUCATE STUDENTS FOR CHRISTIAN SERVICE AND LEADERSHIP THROUGHOUT THE WORLD. ACU IS A VIBRANT, INNOVATIVE, CHRIST-CENTERED COMMUNITY THAT ENGAGES STUDENTS IN AUTHENTIC SPIRITUAL AND INTELLECTUAL GROWTH, EQUIPPING THEM TO MAKE A REAL DIFFERENCE IN THE WORLD. 0 0 134236582 70088778 148519213 ABILENE CHRISTIAN UNIVERSITY IS A HIGHER EDUCATION INSTITUTION WHICH SERVES APPROXIMATELY 5,200 GRADUATE AND UNDERGRADUATE STUDENTS. IN ADDITION TO EDUCATING THE STUDENTS, THE UNIVERSITY OFFERS ON-CAMPUS AND OFF-CAMPUS HOUSING, ON-CAMPUS FOOD SERVICE, ATHLETIC PROGRAMS AND ASSISTANCE WITH STUDENT AID. ACU ALSO OPERATES PROGRAMS TO FOSTER RELATIONSHIPS WITH ALUMNI OF THE UNIVERSITY. 18938926 21328627 AUXILIARY ENTERPRISES INTEGRATE LIVING, LEARNING, AND FAITH, WHEREBY STUDENTS LEARN TO LIVE LIVES OF CHRISTIAN SERVICE AND LEADERSHIP THROUGHOUT THE WORLD. IT COMBINES WHAT STUDENTS LEARN IN THE CLASSROOM WITH PRACTICAL APPLICATION THAT WILL PREPARE THEM FOR REAL-WORLD EXPERIENCES. 2282338 5086242 EDUCATION SERVICES INCLUDES ACADEMIC COUNSELING AND TESTING SERVICES, HEALTH SERVICES, AND STUDY ABROAD ACTIVITIES THAT ARE ALL DESIGNED TO ENHANCE A STUDENT'S LEARNING EXPERIENCE AND THE OVERALL QUALITY OF A STUDENT'S EDUCATION. 155457846 1 1 0 0 0 1 0 0 1 1 1 1 0 1 1 1 0 1 1 1 1 0 0 1 0 0 0 1 1 1 1 0 0 0 0 0 1 1 1 1 1 1 1 0 0 1 1 0 0 0 1 545 0 1 2701 1 1 1 1 GM 0 0 0 1 1 0 0 0 0 0 0 0 0 0 X 32 31 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 1 1 X X KEVIN CAMPBELL 3256746552 ACU BOX 29120 ABILENE TX 79699 ALAN RICH TRUSTEE 1.00 X 0 0 0 APRIL ANTHONY TRUSTEE 1.00 X X 0 0 0 ARTHUR CULPEPPER TRUSTEE 1.00 X 0 0 0 BELINDA HARMON TRUSTEE 1.00 X 0 0 0 BILL MINICK TRUSTEE 1.00 X 0 0 0 BILL PETTY TRUSTEE 1.00 X 0 0 0 CAROLE PHILLIPS TRUSTEE 1.00 X 0 0 0 CECIL EAGER TRUSTEE 1.00 X 0 0 0 CHARLES ONSTEAD TRUSTEE 1.00 X 0 0 0 DAVID FLOW TRUSTEE 1.00 X 0 0 0 DONNIE EDWARDS TRUSTEE 1.00 X 0 0 0 DOUG ROBISON TRUSTEE 1.00 X 0 0 0 ELISE MITCHELL TRUSTEE 1.00 X 0 0 0 FERNANDO NASMYTH TRUSTEE 1.00 X 0 0 0 GUY LEWIS TRUSTEE 1.00 X 0 0 0 JACK GRIGGS TRUSTEE 1.00 X 0 0 0 JAMES PORTER TRUSTEE 1.00 X 0 0 0 JANA HANNER TRUSTEE 1.00 X 0 0 0 JEFFREY KNIGHT TRUSTEE 1.00 X 0 0 0 KAY SKELTON TRUSTEE 1.00 X 0 0 0 KYLE HAMMOND TRUSTEE 1.00 X 0 0 0 MARELYN SHEDD TRUSTEE 1.00 X 0 0 0 MARK DUNCUM TRUSTEE 1.00 X 0 0 0 MITCH WILBURN TRUSTEE 1.00 X 0 0 0 RALPH DRAPER TRUSTEE 1.00 X 0 0 0 RANDY OWEN TRUSTEE 1.00 X 0 0 0 RICK WESSEL TRUSTEE 1.00 X 0 0 0 ROBERT RHODES PROVOST 40.00 X X 237579 0 32947 ROYCE MONEY CHANCELLOR 40.00 X X 74536 0 4561 STAN STEPHENS TRUSTEE 1.00 X 0 0 0 STEVE MACK TRUSTEE 1.00 X 0 0 0 TOD BROWN TRUSTEE 1.00 X 0 0 0 WAYNE MASSEY TRUSTEE 1.00 X 0 0 0 CHARLES WARD DIRECTOR OF ATHLETICS 40.00 X 176519 0 34352 GARY MCCALEB VP FOR THE UNIVERSITY 40.00 X 39656 0 9308 JAMES ORR VP ADVANCEMENT 40.00 X 211534 0 30630 KEVIN CAMPBELL SVP OF OPERATIONS 40.00 X 230500 0 32413 LINDA BONNIN SVP OF MARKETING 40.00 X 216763 0 16139 PHILIP SCHUBERT PRESIDENT 40.00 X 426295 0 112205 RUSTY KRUSELOCK VP OF RESEARCH 40.00 X 51494 0 30630 SLADE SULLIVAN GENERAL COUNSEL 40.00 X 182702 0 35815 STEPHEN JOHNSON VP AND CHIEF ADMIN OFFICER 40.00 X 246105 0 30231 SUZANNE ALLMON SENIOR ADVISOR TO THE PRES 40.00 X 121519 0 18904 TAMERA LONG VP OF ENROLLMENT 40.00 X 175702 0 25670 WENDY JONES CHIEF HR OFFICER 40.00 X 123292 0 25880 JACK RICH PRESIDENT - ACIMCO 1.00 40.00 X 0 477634 36426 KENT RIDEOUT VICE PRESIDENT - ACIMCO 1.00 40.00 X 0 220996 30608 ADAM DORREL HEAD FOOTBALL COACH 40.00 X 247022 0 30683 CHARLES CRISP DEAN - COLLEGE OF BUSINESS 40.00 X 173809 0 34507 CHARLES GOLDING HEAD MBB COACH 40.00 X 192836 0 26955 JULIE GOODENOUGH HEAD WBB COACH 40.00 X 173412 0 28373 PHILIP BOONE ADVANCEMENT OFFICE 40.00 X 194301 0 32459 3495576 698630 659696 16 0 1 0 CORE CONSTRUCTION SERVICES 6320 RESEARCH RD 200 FRISCO TX 75033 CONSTRUCTION 17429492 CHARTWELLS HIGHER EDUCATION 2 INTERNATIONAL DR RYE BROOK NY 10573 FOOD SERVICE 5775801 COLLIER CONSTRUCTION COMPANY 2202 AVENUE E LUBBOCK TX 79404 CONSTRUCTION 3604090 HOAR CONSTRUCTION LLC 7320 NORTH MOPAC EXPRESSWAY AUSTIN TX 78731 CONSTRUCTION 3327392 MACKEY MITCHELL ARCHITECTS 900 SPRUCE STREET SUITE 500 ST LOUIS MO 63102 ARCHITECTURE FEES 2349484 103 1639976 7996802 74626416 32022314 84263194 TUITION AND FEES 611710 146932347 146932347 AUXILIARY ENTERPRISES 611710 21328627 21328627 EDUCATION SERVICES 611710 5086242 5086242 173347216 4123214 -15271 4138485 17263234 17263234 1732774 381667 1351107 1351107 58691 1292416 193157282 120847180 72310102 72310102 72310102 759826 197649 562177 1362 560815 OTHER INCOME 611710 1616335 1586866 29469 1616335 354836579 174934082 74251 95565052 91437 91437 69997341 69997341 3684222 615297 2444839 624086 59115425 46827896 9985705 2301824 1275960 1010743 215534 49683 11011459 8722655 1860042 428762 3979801 3152573 672263 154965 162414 162414 127600 127600 154129 154129 1531331 1531331 7160653 3771805 3095267 293581 6003812 902937 5095657 5218 4893314 3057643 1673095 162576 5335924 2284789 3005889 45246 165433 165433 6061836 2329083 3719918 12835 2409917 2183896 165851 60170 303613 229661 67821 6131 5907098 6446 5900652 10287475 10287475 1854223 230275 1623948 DINING SERVICE CONTRACT 5837614 5837614 REPAIRS, MAINTENANCE & 3905031 1426727 2477176 1128 OTHER EXPENSES 1123300 775321 331620 16359 BOOKS, SUBSCRIPTIONS 985215 464411 502055 18749 1983449 1373863 596302 13284 215349026 155457846 55542454 4348726 3680059 2611418 22204167 42722263 16385248 22870857 14983114 19129546 1290905 1474692 660000 692726 10786375 11070694 489136770 158814162 285576984 330322608 109428419 177008082 244775734 334472685 64189213 92659734 773960218 1035035305 13510423 21894968 97300000 95733333 41885000 41885000 8000000 20394087 48115043 48172713 208810466 228080101 X 305808991 389199950 259340761 417755254 565149752 806955204 773960218 1035035305 139487553 102317899 0 X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 12 280893 56200 2303365 1 1 0 0 443572575 19339406 200766797 8335728 13891677 3002022 638449351 444076565 10751406 12229537 7750875 14118064 1615993 443572575 431945602 10274402 24561898 7378682 13869601 1457054 444076565 384583625 3963787 66126263 7126237 14141742 1460094 431945602 351988152 6571789 45958316 6549197 12060452 1324983 384583625 0.44919 0.55081 0 1 1 1720684 1720684 274196090 77768034 196428056 93470951 54789473 38681478 28859075 26256655 2602420 51027835 39862135 90889970 330322608 55060904 F INTERNATIONAL EMERGING 48864164 F HEDGE FUNDS 31477660 F PRIVATE EQUITY VENTURE CAPITAL 114503587 F ENERGY AND NATURAL RESOURCES 42310281 F OTHER SECURITIES 42256089 F 334472685 INSURANCE RECEIVABLE 2219917 MINERAL INTERESTS 75799787 OTHER INVESTMENTS 11511082 ASSETS HELD BY EXTERNAL TRUSTEES 3128948 92659734 DEPOSITS AND OTHER LIABILITIES 20457244 RESERVE FOR SPLIT INT AGREEMENTS 26032059 DEBT ISSUANCE COST AND BOND PREMIUM 1683410 48172713 X 398714622 102317899 16406221 118724120 279990502 74846077 74846077 354836579 143830840 3327891 3327891 140502949 74846077 74846077 215349026 PART V, LINE 4: THE ENDOWMENT FUNDS OF THE UNIVERSITY ARE HELD TO SUPPORT THE GENERAL OPERATIONS OF THE UNIVERSITY AND TO PROVIDE SCHOLARSHIPS TO STUDENTS OF THE UNIVERSITY. PART X, LINE 2: THE UNIVERSITY IS A TAX-EXEMPT INSTITUTION AS AN ORGANIZATION DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED ("IRC") AND IS NOT A "PRIVATE FOUNDATION" UNDER SECTION 501(A) OF THE IRC; ACCORDINGLY, NO PROVISION FOR INCOME TAXES HAS BEEN MADE IN THE CONSOLIDATED FINANCIAL STATEMENTS. ACIMCO HAS ALSO BEEN ACCORDED RECOGNITION AS EXEMPT FROM INCOME TAX UNDER SECTION 501(A) OF THE IRC, AS ORGANIZATIONS DESCRIBED IN SECTION 501(C)(3) AND 509(A)(3) OF THE IRC. FOR THE YEARS ENDED MAY 31, 2021 AND 2020, THE UNIVERSITY INCURRED UNRELATED BUSINESS ACTIVITY RELATED TO CERTAIN RETAIL SALES, ADVERTISING, RENTAL INCOME, OIL AND GAS WORKING INTEREST, AND CERTAIN ALTERNATIVE INVESTMENTS, RESULTING IN AN IMMATERIAL AMOUNT OF UNRELATED BUSINESS INCOME. TAX POSITIONS TAKEN RELATED TO THE UNIVERSITY'S TAX-EXEMPT STATUS, UNRELATED BUSINESS INCOME ACTIVITIES, DEDUCTIBILITY OF EXPENSES FOR UNRELATED BUSINESS ACTIVITIES, AND OTHER MISCELLANEOUS TAX POSITIONS HAVE BEEN REVIEWED, AND MANAGEMENT BELIEVES THAT MATERIAL POSITIONS TAKEN BY THE UNIVERSITY WILL MORE LIKELY THAN NOT BE SUSTAINED BY EXAMINATION. ACCORDINGLY, THE UNIVERSITY HAS NOT RECORDED A LIABILITY FOR UNCERTAIN TAX POSITIONS. AS OF MAY 31, 2021, THE UNIVERSITY'S TAX YEARS 2015 TO 2021 REMAIN SUBJECT TO EXAMINATION. PART XI, LINE 2D - OTHER ADJUSTMENTS: WOODWARD ENDOWMENT REVENUE 14,717,393. ACIMCO REVENUE 1,688,828. PART XI, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS 69,997,341. RECLASS COST OF GOODS SOLD -197,648. RECLASS RELATED ORGANIZATION GIFTS 1,639,976. RECLASS ENDOWMENT FEES - ACIMCO 1,531,331. RECLASS RENTAL EXPENSES -377,003. RECLASS HUNTER WELCOME CENTER RENTAL INCOME 80,813. RECLASS INVESTMENT EXPENSES NETTED ON FINANCIAL STATEMENTS 2,171,267. PART XII, LINE 2D - OTHER ADJUSTMENTS: WOODWARD ENDOWMENT EXPENSES 1,640,008. ACIMCO EXPENSES 1,687,883. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS 69,997,341. RECLASS COST OF GOODS SOLD -197,648. RECLASS RELATED ORGANIZATION GIFTS 1,639,976. RECLASS ENDOWMENT FEES - ACIMCO 1,531,331. RECLASS RENTAL EXPENSES -377,003. RELCASS HUNTER WELCOME CENTER RENTAL 80,813. RECLASS INVESTMENT EXPENSES NETTED ON FINANCIAL STATEMENTS 2,171,267. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 ACU PUBLISHES ITS NONDISCRIMINATORY POLICY ON OUR PUBLIC WEB SITE, IN THE UNIVERSITY CATALOG AND ON THE APPLICATION FOR ADMISSION. SCHEDULE E, PART I, LINE 6 ABILENE CHRISTIAN UNIVERSITY RECEIVES VARIOUS RESEARCH GRANTS FROM THE STATE OF TEXAS AND OTHER GOVERNMENTAL ENTITIES. IN ADDITION, ACU RECEIVES SCHOLARSHIP GRANTS FROM FEDERAL AGENCIES AND THE STATE OF TEXAS TO ASSIST STUDENTS WITH THEIR COSTS OF EDUCATION. ACU PARTICIPATES IN THE DIRECT LOAN PROGRAM WHICH PROVIDES STUDENTS FEDERAL SUBSIDIZED LOANS TO ASSIST WITH THEIR EDUCATIONAL COSTS. EUROPE (INCLUDING ICELAND & GREENLAND) 1 1 PROGRAM SERVICES HIGHER EDUCATION 521375 0 1 0 0 0 1 521375 0 521375 1 0 0 1 1 0 PART III ACCOUNTING METHOD: X X X 1 RUFFALOCODY LLC 1025 KIRKWOOD CEDARRAPID IA 52404 FUNDRAISING 0 0 154129 0 154129 AL AK AZ AR CA CO CT DE DC FL GA HI ID IL IN IA KS KY LA ME MD MI MN MS MO MT NE NV NH NJ NM NY NC ND OH OK OR PA RI SC SD TN TX UT VT VA WA WV WI WY SCHEDULE G, PART I, LINE 2B, COLUMN (V) THE UNIVERSITY DOES NOT HAVE A RECORD OF THE AMOUNT COLLECTED FROM PROFESSIONAL FUNDRAISING ACTIVITIES BECAUSE FEES ARE PAID MONTHLY FOR GENERAL CONSULTING, SOLICITATION, AND DIRECT MAIL. 1 EASTERN EUROPEAN MISSIONS PO BOX 55245 HURST TX 76054 742200722 501(C)(3) 10000 GENERAL SUPPORT FOCUS ON THE FAMILY 8605 EXPLORER DR COLORADO SPRINGS CO 80920 953188150 501(C)(3) 25000 GENERAL SUPPORT REFLECTIVE EUROPEAN MISSIONS 6606 FM 1488 STE 148-185 MAGNOLIA TX 77354 263979164 501(C)(3) 5000 GENERAL SUPPORT LIVEBEYOND PO BOX 128137 NASHVILLE TN 37212 300345964 501(C)(3) 10000 GENERAL SUPPORT 4 0 SCHOLARSHIPS - HIGHER EDUCATION 7191 69682846 CARES HEERF EMERGENCY STUDENT AID 131 314495 PART I, LINE 2: SCHOLARSHIPS - HIGHER EDUCATION - FOR ALL SCHOLARSHIP FUNDS, STUDENT FINANCIAL SERVICES HAS ESTABLISHED SPECIFIC CRITERIA IN REGARDS TO ELIGIBILITY AND SELECTION. THE ELIGIBILITY REQUIREMENTS OF THE STUDENTS ARE DOCUMENTED AND MONITORED FOR COMPLIANCE. THE ACTUAL SCHOLARSHIPS ARE CREDITED TO THE STUDENT'S TUITION BILLS. NO SCHOLARSHIPS OR GRANTS ARE AWARDED DIRECTLY TO THE RECIPIENTS. CARES HEERF EMERGENCY STUDENT AID - MAXIMUM ELIGIBILITY TIERS WERE ESTABLISHED BY THE UNIVERSITY BASED UPON VARIOUS STUDENT SITUATIONAL EXPERIENCES. THE HIGHEST OF WHICH WAS SET JUST BELOW THE MAXIMUM PELL GRANT ELIGIBILITY FIGURE, AS RECOMMENDED BY THE U.S. DEPARTMENT OF EDUCATION. THE UNIVERSITY REVIEWED REQUESTS AND DETERMINED STUDENT'S QUALIFYING AMOUNTS BASED UPON THEIR AMOUNTS REQUESTED TO COVER THEIR CURRENT FINANCIAL NEEDS WITH RESPECT TO THE ESTABLISHED TIER MAXIMUMS. A FOLLOW UP QUESTIONNAIRE WAS SENT TO STUDENTS WHOSE INITIAL APPLICATION WAS UNCLEAR ABOUT THEIR SHORT-TERM FINANCIAL NEEDS. AWARDS WERE FOCUSED ON THE SIX FINANCIAL CATEGORIES ENCOURAGED BY THE FEDERAL GOVERNMENT. THESE INCLUDE FUNDING TO HELP STUDENTS PAY FOR HOUSING, FOOD, CHILDCARE, HEALTHCARE, TECHNOLOGY AND COURSE MATERIALS. DISTRIBUTIONS TO STUDENTS RANGED BETWEEN $100 TO $6,000. X X X 1 1 X X X X 0 1 0 0 0 0 0 0 0 PHILIP SCHUBERT PRESIDENT 327125 0 76063 0 23107 0 16347 0 95858 0 538500 0 0 0 JACK RICH PRESIDENT - ACIMCO 0 319009 0 153758 0 4867 0 14880 0 21546 0 514060 0 0 ADAM DORREL HEAD FOOTBALL COACH 222748 0 16500 0 7774 0 12738 0 17945 0 277705 0 0 0 STEPHEN JOHNSON VP AND CHIEF ADMIN OFFICER 176732 0 65000 0 4373 0 11442 0 18789 0 276336 0 0 0 ROBERT RHODES PROVOST 237027 0 0 0 552 0 14892 0 18055 0 270526 0 0 0 KEVIN CAMPBELL SVP OF OPERATIONS 188382 0 40590 0 1528 0 12246 0 20167 0 262913 0 0 0 KENT RIDEOUT VICE PRESIDENT - ACIMCO 0 142217 0 77063 0 1716 0 9462 0 21146 0 251604 0 0 JAMES ORR VP ADVANCEMENT 179796 0 25421 0 6317 0 11646 0 18984 0 242164 0 0 0 LINDA BONNIN SVP OF MARKETING 215144 0 0 0 1619 0 0 0 16139 0 232902 0 0 0 PHILIP BOONE ADVANCEMENT OFFICE 167521 0 25000 0 1780 0 9552 0 22907 0 226760 0 0 0 CHARLES GOLDING HEAD MBB COACH 190575 0 1500 0 761 0 12060 0 14895 0 219791 0 0 0 SLADE SULLIVAN GENERAL COUNSEL 180966 0 0 0 1736 0 12017 0 23798 0 218517 0 0 0 CHARLES WARD DIRECTOR OF ATHLETICS 158682 0 17500 0 337 0 10664 0 23688 0 210871 0 0 0 CHARLES CRISP DEAN - COLLEGE OF BUSINESS 172814 0 0 0 995 0 11469 0 23038 0 208316 0 0 0 JULIE GOODENOUGH HEAD WBB COACH 167817 0 4750 0 845 0 10823 0 17550 0 201785 0 0 0 TAMERA LONG VP OF ENROLLMENT 153424 0 0 0 22278 0 2877 0 22793 0 201372 0 0 0 PART I, LINE 1A CHARTER TRAVEL WAS PAID FOR ON BEHALF OF THE PRESIDENTS OFFICE. THE EXPENSE WAS NOT INCLUDED AS TAXABLE COMPENSATION BECAUSE THE TRAVEL WAS FOR A BONA FIDE BUSINESS PURPOSE. MINISTERIAL HOUSING ALLOWANCE IS OFFERED TO QUALIFIED FACULTY AND ADMINISTRATORS OF THE UNIVERSITY. TWO LISTED PERSONS RECEIVED THIS BENEFIT. THE HOUSING ALLOWANCE IS NOT INCLUDED AS TAXABLE COMPENSATION TO THE EMPLOYEE. COUNTRY CLUB DUES WERE PAID ON BEHALF OF ONE ATHLETIC STAFF. THE DUES WERE REPORTED AS TAXABLE COMPENSATION. PART I, LINE 3 IN A PREVIOUS FISCAL YEAR, ACU IMPLEMENTED SPLIT-DOLLAR LIFE INSURANCE POLICIES FOR ROYCE MONEY AND JACK RICH. THE POLICIES ARE TREATED AS LOANS TO THE EMPLOYEES AND REPRESENTATIONS AS REQUIRED BY REG 1.7872-15(D)(2) HAVE BEEN SIGNED. THE BALANCE OF THE NOTES AT THE END OF THE YEAR ARE: ROYCE MONEY - $677,032 JACK RICH - $672,660 A NEWARK HIGHER EDUCATION FINANCE CORPORATION 465361566 2016-09-22 69011979 SEE PART VI 0 0 0 B NEWARK HIGHER EDUCATION FINANCE CORPORATION 465361566 2016-09-22 33270000 SEE PART VI 0 0 0 C NEWARK HIGHER EDUCATION FINANCE CORPORATION 465361566 650348AQ8 2017-12-28 13270211 SEE PART VI 0 0 0 A 69011979 793687 11515000 56703292 2018 1 0 1 1 B 11336667 33270000 159794 18485000 14625206 2018 1 0 1 1 C 13270211 265404 13004807 2019 0 0 0 1 A 0 0 0 0 0 0 1 B 0 0 0 0 0 0 1 C 0 0 0 0 0 0 1 A 0 0 1 0 1 0 0 0 1 B 0 0 1 0 1 0 0 0 1 C 0 0 1 0 1 0 0 0 1 A 0 B 0 C 0 PART I, LINE A NEW HIGHER EDUCATION FINANCE CORPORATION - SERIES 2016A - ISSUED ON 9/22/16 - FACE AMOUNT $62,230,000. THE BOND WAS ISSUED AT A PREMIUM OF $6,781,979. $11,515,000 IS TO BE USED FOR STADIUM CONSTRUCTION, SCIENCE FACILITIES, AND CHRISTIAN VILLAGE RENOVATION. $56,703,292 WAS USED TO REFUND THE SERIES 2001, 2003, 2005, 2006, 2009, 2010, 2011, 2013, 2014, AND 2015 BONDS. PART I, LINE B NEWARD HIGHER EDUCATION FINANCE CORPORATION - SERIES 2016C - ISSUED 9/22/16 - FACE AMOUNT $33,270,000. $18,485,000 IS TO BE USED FOR STADIUM CONSTRUCTION AND SCIENCE FACILITIES. $14,625,206 WAS USED TO REFUND THE SERIES 2015 BONDS. PART I, LINE C NEWARD HIGHER EDUCATION FINANCE CORPORATION - SERIES 2017 - ISSUED 12/1/17 - FACE AMOUNT $11,570,000. THE BOND WAS ISSUED AT A PREMIUM OF $1,700,211. PROCEEDS WILL BE USED FOR INTERIOR COMPLETION OF THE SCIENCE BUILDING. JACK RICH ACIMCO OFFICER SPLITDOLLAR LIFE INS X 672660 672660 0 1 1 ROYCE MONEY CHANCELLOR SPLITDOLLAR LIFE INS X 677032 677032 0 1 1 LINDA BONNIN SVP OF MARKETING FORGIVABLE LOAN X 125000 125000 0 1 1 1474692 MERIT BASED SCHOLARSHIPS OFFICER/TRUSTEE RELATED 144058 TUITION DISCOUNTS OFFICER/TRUSTEE RELATED 151000 CARA LEE CRANFORD DAUGHTER OF GARY MCCALEB, FORMER VP 48071 WAGES 0 ELAINE ORR SPOUSE OF JAMES M ORR, VP OF ADVANCEMENT 29602 WAGES 0 BRAD CRISP SON-IN-LAW OF ROYCE MONEY 186899 WAGES 0 JACK RICH BROTHER OF ALAN RICH, TRUSTEE 432134 WAGES 0 MAKAYLA JONES DAUGHTER OF WENDY JONES 32894 WAGES 0 AARON ROBISON SON OF DOUG ROBISON 89715 WAGES 0 STEFANO ELLIOTT SON-IN-LAW OF ROYCE MONEY 103694 WAGES 0 TIM DOTY SON IN LAW OF DOUG ROBISON 14411 WAGES 0 X 41 29753229 QUOTED PRICES X 1 2173852 APPRAISAL X VARIOUS 4 95233 ESTIMATED VALUE 0 1 0 FORM 990, PART VI, SECTION A, LINE 2 LINE 2 EXPLANATION - JACK RICH, ALAN RICH - FAMILY RELATIONSHIP STEVE MACK, JACK GRIGGS - BUSINESS RELATIONSHIP FORM 990, PART VI, SECTION B, LINE 11B FORM 990 IS PROVIDED TO THE FULL BOARD FOR REVIEW BY POSTING THE RETURN ON THE INTERNAL PASSWORD-PROTECTED BOARD WEB SITE. THE 990 IS ALSO REVIEWED IN DETAIL BY THE AUDIT COMMITTEE OF THE BOARD OF TRUSTEES BEFORE POSTING TO BOARD WEB SITE. FORM 990, PART VI, SECTION B, LINE 12C ALL TRUSTEES AND OFFICERS COMPLETE A CONFLICT OF INTEREST QUESTIONNAIRE ANNUALLY. THE RESULTS OF THESE QUESTIONNAIRES ARE REVIEWED BY LEGAL COUNSEL AND ARE REPORTED TO THE AUDIT COMMITTEE. ALL OTHER EMPLOYEES ARE GIVEN A CONFLICT OF INTEREST QUESTIONNAIRE TO COMPLETE ANNUALLY. THESE ARE REVIEWED BY THE RESPONSIBLE DEAN OR VICE PRESIDENT TO DETERMINE IF A CONFLICT EXISTS. DEPENDING ON THE POTENTIAL CONFLICT, CONDITIONS OR RESTRICTIONS ARE ENFORCED TO REDUCE OR ELIMINATE THE CONFLICT OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15 COMPARABILITY DATA IS USED TO DETERMINE THE COMPENSATION LEVELS OF THE OFFICERS AND KEY EMPLOYEES. THE COMPENSATION OF OFFICERS AND KEY EMPLOYEES ARE DETERMINED BY THE PRESIDENT AND REVIEWED ANNUALLY BY THE COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES. COMPARABILITY DATA IS USED TO DETERMINE THE COMPENSATION LEVELS OF THE PRESIDENT. THE COMPENSATION OF THE PRESIDENT IS REVIEWED, APPROVED AND DOCUMENTED BY THE COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS, POLICIES AND FINANCIAL STATEMENTS OF ABILENE CHRISTIAN UNIVERSITY ARE POSTED ON OUR WEBSITE AND ARE AVAILABLE TO THE GENERAL PUBLIC. WE WILL ALSO PROVIDE COPIES OF THE DOCUMENTS UPON REQUEST. SCHEDULE D, PART XIV, ADDITIONAL INFORMATION TOTAL REVENUES AND EXPENSES PER ABILENE CHRISTIAN UNIVERSITY'S CONSOLIDATED AUDITED FINANCIAL STATEMENTS INCLUDE REVENUES AND EXPENSES FROM ACIMCO (26-3598377) AND GRACE L WOODWARD MEMORIAL ENDOWMENT TRUST (75-2700815). EACH OF THESE ENTITIES FILES THEIR OWN TAX RETURN, AND THEREFORE, ARE NOT INCLUDED IN REVENUES AND EXPENSES OF ABILENE CHRISTIAN UNIVERSITY'S FORM 990. ARL MUTLI-FAMILY LLC 266 HUNTER WELCOME CENTER ABILENE TX 79699 REAL ESTATE VENTURE TX ABILENE CHRISTIAN UNIVERSITY ARL RETAIL LLC 266 HUNTER WELCOME CENTER ABILENE TX 79699 REAL ESTATE VENTURE TX 93378 13740703 ABILENE CHRISTIAN UNIVERSITY ACIMCO 214 HUNTER WELCOME CT ACU BOX 29125 ABILENE TX 79699 263598377 INVESTMENT MANAGEMENT FOR ACU TX 501(C)3 11 TYPE I ABILENE CHRISTIAN UNIVERSITY 0 GRACE L WOODWARD MEMORIAL ENDOWMENT BOX 29125 ACU STATION ABILENE TX 79699 752700815 SUPPORT ACU TX 501(C)3 11 TYPE I ABILENE CHRISTIAN UNIVERSITY 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 GRACE L WOODWARD MEMORIAL ENDOWMENT C 1636708 CASH ACIMCO C 75000 CASH