2022-04-26T14:10:33-07:00 2021-06-30 990 2020-07-01 541061178 REGENT UNIVERSITY REGE 7573524050 1000 Regent University Drive Virginia Beach VA 23464 Stephen Bruce VP of Business Administration 7573524429 2022-04-26 1 11 0 AAL2 2020 2022-09-23 18:48:47Z Stephen Bruce 1000 Regent University Drive Virginia Beach VA 23464 314491404 0 X www.regent.edu X 1977 VA Regent University serves as a center of Christian thought and action to provide excellent education through a Biblical perspective and global context equipping Christian leaders to change the world. 18 17 1656 11 1120 0 2580035 2794510 141492682 144310160 1751947 13380168 275405 313959 146100069 160798797 23848767 23726465 0 0 62711389 61762018 0 0 1365557 54960539 53384034 141520695 138872517 4579374 21926280 198531120 192723352 141566189 108280694 56964931 84442658 Regent University serves as a center of Christian thought and action to provide excellent education through a Biblical perspective and global context equipping Christian leaders to change the world. 0 0 115849332 0 136612502 Instruction - Schools of Communication & the Arts, Business & Leadership, Education, Psychology & Counseling, Divinity, Law, Government and College of Arts and Sciences and College of Health Care Sciences. Includes Academic Support, Student Services, Scholarships, Auxiliaries & Academic Affairs. 1,162 Graduate degrees, 678 Undergraduate degrees, 177 First Professional degrees and 34 Associate degrees were awarded in 2020-2021. (10,386 students) 5825783 0 8024248 Hospitality Services - Hotel and conference center providing conference services, food and beverage services, banquets and other various hospitality services. 0 0 0 121675115 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 1 0 1 1 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 1 1 1 1 0 0 1 15099 0 1 1656 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 18 17 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 AK MD NH NY OH OK VA WA X Regent University Business Office 7573524059 1000 Regent University Dr Virginia Beach VA 23464 Mark D Martin Dean/Professor - Law School 40 0 X 377622 0 25767 M G Robertson Chancellor-CEO 20 20 X X 2331 4015 373519 Louis A Isakoff Vice President and General Counsel 40 0 X 322147 0 40954 Gerson Moreno-Riano Executive Vice President for Academic Affairs 40 0 X 264006 0 37780 Martha J Smith Vice President for Human Resources & Administration 40 0 X 219163 0 31211 Doris Gomez Dean - Business 40 0 X 204118 0 31033 Joseph Umidi Executive Vice President for Student Life 40 0 X 209114 0 23109 John E Mulford Professor - Business 40 0 X 192369 0 35627 Marion R Warren Professor - Law 40 0 X 202337 0 19269 William L Hathaway Dean - Psychology/Counseling 40 0 X 188361 0 30052 Stephen Bruce Vice President for Business Administration 40 0 X 172107 0 25940 Dorothy C Foster Vice President for Univ Marketing & Public Relations 40 0 X 152047 0 33138 Ann R LeBlanc Vice President on Special Assignment 40 0 X 118075 0 26649 Dean Wooten VP for Finance 0 0 X 56326 0 10969 Dianne Cash Board Member 1 0 X 0 0 0 Chauncey W Crandall Board Member - Vice Chairman 1 0 X 0 0 0 William Federer Board Member 1 0 X 0 0 0 James Gregory Board Member 1 0 X 0 0 0 Howard Long Board Member 1 0 X 0 0 0 Joe Johnson Baord Member 1 0 X 0 0 0 Kay Peng Khoo Board Member 1 0 X 0 0 0 Stephen Levy Board Member 1 0 X 0 0 0 William Maynard Board Member 1 0 X 0 0 0 David Melilli Board Member 1 0 X 0 0 0 Jay A Sekulow Board Member 1 0 X 0 0 0 Daniel C Sellers Jr Board Member 1 0 X 0 0 0 Magda Serrano Board Member 1 0 X 0 0 0 Robert O Snelling Sr Board Member 1 0 X 0 0 0 Kenneth W Starr Board Member 1 0 X 0 0 0 Phillip D Walker Board Member - Chairman 1 0 X 0 0 0 Jennifer Whitelaw Board Member 1 0 X 0 0 0 2680123 4015 745017 76 1 1 0 Google Inc Dept 33654 PO Box 39000 San Francisco CA 94139 Advertising Services 7676986 Christian Broadcasting Network 977 Centerville Turnpike Virginia Beach VA 23464 Facility Services/Security 3242262 Facebook Inc 15161 Collections Center Dr Chicago IL 60693 Advertising Services 1716842 Microsoft Online Inc PO Box 847543 Dallas TX 752847543 Advertising Services 1401592 EAB PO Box 603519 Charlotte NC 282603519 Marketing Consultants 1190238 43 0 0 0 0 1500279 1294231 14258 2794510 Tuition and fees 611310 131805753 131805753 0 0 Hotel Food and Beverage 721110 8024248 8024248 0 0 Sales and Services - Auxiliary 611710 4252573 4252573 0 0 Sales and Services - Educational 611710 11636 11636 0 0 Miscellaneous 611710 215950 215950 0 0 0 0 0 0 144310160 1072524 0 0 1072524 113378 0 0 113378 34384 0 0 34384 1120 0 0 0 1120 0 1120 0 1120 0 165886873 0 153692607 0 12194266 0 12194266 0 0 12194266 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Bookstore Commissions 451211 326590 326590 0 0 Change value split interest agreement 523999 -48135 0 0 -48135 0 0 0 0 278455 160798797 144636750 1120 13366417 0 0 23726465 23726465 0 0 0 0 1899406 549450 1149337 200619 0 0 0 0 48589040 41251771 6827271 509998 753707 610884 129065 13758 6804666 8395843 -1731667 140490 3715199 3072598 590005 52596 0 0 0 0 126083 24770 99131 2182 130800 0 130800 0 0 0 0 0 0 0 0 0 0 0 5672066 3996124 1396147 279795 20749379 20692443 55489 1447 2110596 1151558 894530 64508 4132338 1409354 2722734 250 5900 5900 0 0 10365267 9811301 502148 51818 107604 67778 32539 7287 0 0 0 0 6730 5727 477 526 183355 164761 18594 0 0 0 0 0 6010266 4768539 1228257 13470 565626 34000 516571 15055 Hotel Services and Support 1453593 829272 624321 0 Repairs and maintenance of equipment 770828 484696 285758 374 Hospitality 158338 125388 25817 7133 Miscellaneous 835265 496493 334521 4251 138872517 121675115 15831845 1365557 45662 45565 10166172 24681245 0 0 4587122 6633507 0 0 0 0 0 0 119216 105634 722908 873801 228019694 143456916 89526574 84562778 78823078 53577017 4295867 15598588 10244521 5318817 0 1326400 198531120 192723352 13795635 14995620 0 0 10511223 11017635 83759331 80941439 0 0 33500000 0 0 0 0 1326000 141566189 108280694 X 31696748 49513007 25268183 34929651 56964931 84442658 198531120 192723352 21926280 4281478 0 0 1269969 0 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 82987000 324000 16802000 0 0 32000000 68113000 82124000 73000 790000 0 0 0 82987000 80172000 174000 1778000 0 0 0 82124000 101071000 385000 4216000 0 0 0 105672000 105890000 146000 11035000 0 16000000 0 101071000 0.72 0.27 0.01 0 0 0 8277883 8277883 0 133178372 65957861 67220511 0 0 0 0 0 85655562 77499055 8156507 0 907877 0 907877 84562778 0 0 Hedge Funds 10333602 F Real Estate and Commodities 3183230 F Venture Capital 2081756 F 15598588 0 Operating Lease Liabilities 1326000 1326000 X 141860000 4281477 0 0 4213 4285690 137574310 0 23224487 23224487 160798797 115501000 0 0 0 -147030 -147030 115648030 0 23224487 23224487 138872517 Schedule D, Part V, Line 4 Regent University's endowment consists of approximately 122 individual funds established for a variety of purposes all relating to the University's overall purpose of educating students. Schedule D, Part X, Line 2 Regent University does not believe its consolidated financial statements include any uncertain tax positions. Schedule D, Part XI, Line 2d Subtract $5,000 revenue attributable to Frio Energy which is reflected on a separate tax return. Add back $787 due to rounding. Schedule D, Part XI, Line 4b Add institutional scholarships of $23,224,487 which are included in expenses on the 990 but as a reduction of revenue on the financial statements for Regent University. Schedule D, Part XII, Line 2d Subtract $851,000 expenses for Henrico, Inc, and add back $1,100,000 elimination of rental reimbursement which is reflected on a separate tax return. Subtract $103,000 expenses for Frio Energy which are reflected on a separate tax return. Subtract $1,030 due to rounding. Schedule D, Part XII, Line 4b Add institutional scholarships of $23,224,487 which are included in expenses for the 990 but as a reduction of revenue on the financial statements for Regent University. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 Schedule E, Part I, Line 3 Advertisements soliciting registration of new students include a summary statement of the non-discriminatory policy of the university. In addition, all webpages for Regent University link to its non-discriminatory and Title IX policies. 1 Scholarships for students at Regent University. 6001 23652050 0 FMV Various cash stipends given to students from restricted funds for specific student groups. 33 74415 0 FMV Schedule I, Part I, Line 2 Regent University awards financial aid to students based on certain eligibility requirements. The University's financial aid packages are on file at the University and are available upon request. X X 1 1 X 0 1 0 0 0 0 0 0 0 Gerson Moreno-Riano Executive Vice President for Academic Affairs 263006 0 1000 0 0 0 5408 0 32372 0 301786 0 0 0 Louis A Isakoff Vice President and General Counsel 321647 0 500 0 0 0 6378 0 34576 0 363101 0 0 0 Martha J Smith Vice President for Human Resources & Administration 218163 0 1000 0 0 0 4244 0 26967 0 250374 0 0 0 Joseph Umidi Executive Vice President for Student Life 298042 0 1000 0 0 0 2445 0 20663 0 322150 0 0 0 Stephen Bruce Vice President for Business Administration 171107 0 1000 0 0 0 3500 0 22440 0 198047 0 0 0 Ann R LeBlanc Vice President on Special Assignment 118075 0 0 0 0 0 2500 0 24149 0 144724 0 0 0 Dorothy C Foster Vice President for Univ Marketing & Public Relations 151547 0 500 0 0 0 3000 0 30138 0 185185 0 0 0 Mark D Martin Dean/Professor - Law School 376622 0 1000 0 0 0 7280 0 18487 0 403389 0 0 0 Doris Gomez Dean - Business 203118 0 1000 0 0 0 4195 0 26838 0 235151 0 0 0 Marion R Warren Professor - Law 201337 0 1000 0 0 0 4000 0 15269 0 221606 0 0 0 John E Mulford Professor - Business 191869 0 500 0 0 0 3859 0 31768 0 227996 0 0 0 William L Hathaway Dean - Psychology/Counseling 187361 0 1000 0 0 0 3805 0 26247 0 218413 0 0 0 Dean Wooten VP for Finance 56326 0 0 0 0 0 0 0 10969 0 67295 0 0 0 M G Robertson Chancellor-CEO 2331 4015 0 0 0 0 0 0 0 292519 2331 296534 0 0 Schedule J, Part I, Line 1a First class or charter travel:To facilitate its 24 hour security coverage for Dr. Robertson, Regent University provides charter air service for his business and personal flights. The University reports taxable income for Dr. Robertson's personal flights on his form 1099. It uses the Standard Industry Fair Level (SIFL) method as allowed under IRS rules for valuing personal flights. Travel for Companions: Regent University does not provide companion air travel for non-business purposes. Housing allowance: Regent University provides a ministerial housing allowance for qualified faculty and staff. This is reviewed and approved by the board. Schedule J, Part I, Line 3 Regent University regularly reviews the compensation of its officers and vice presidents to determine whether compensation is reasonable compared to similar positions of responsibility at other institutions. The Compensation Committee of the Board of Trustees (in the absence of the Compensation Committee, the Audit Committee will assume this role) will periodically conduct an independent review of compensation which includes the President along with officers and vice presidents. The process includes securing comparable compensation data from an independent source, reviewing the data to ensure that the compensation is reasonable and contemporaneous substantiation of the deliberation and decision making process takes place. Furthermore, when Regent University hires a new officer or vice president, if till ensure that all compensation is reasonable compared to similar positions of responsibility at other institutions. Schedule J, Part I, Line 4 Psychology faculty member, previous Provost for the university, began receiving retirement payments according to a previously agreed upon contract. A Virginia College Building Activity 541249154 92778FKQ5 2021-05-05 81962688 Refunding of existing bonds (2006) 0 0 0 A 0 0 81962688 4587750 0 0 1294144 0 0 0 0 0 2046 1 0 1 1 A 0 0 1 1 0 0.01 0 0.01 0 0 1 A 1 0 0 1 Wells Fargo 15 1 0 1 A 1 Ruby Moreno Family of Exec VP for Academic Affairs 57736 Employee Compensation 0 Jacquueline Moreno Family of Exec VP for Academic Affairs 14241 Employee Compensation 0 Form 990, Part VI, Section A, Line 2 Jay Sekulow, board member, works for an organization founded by MG Pat Robertson, Chancellor and CEO of Regent University. Ann LeBlanc, serves as Vice President on Special Assignment for Regent University and is the daughter of MG Pat Robertson, Chancellor and CEO of Regent University. Form 990, Part VI, Section B, Line 11b The 990 is reviewed by the Audit Committee and sent as a PDF file to all board members for their review before it is filed with the IRS. Form 990, Part VI, Section B, Line 12c The conflict of interest policy is regularly reviewed and consulted. The University requires its officers, directors, trustees and key employees to complete a conflict of interest questionnaire and statement on a regular basis. If any conflicts are noted, the officer, director or trustee will excuse themselves from voting during board meetings. Form 990, Part VI, Section B, Line 15 Regent University regularly reviews the compensation of its officers and vice presidents to determine whether compensation is reasonable compared to similar positions of responsibility at other institutions. The Compensation Committee of the Board of Trustees (in absence of the Compensation Committee, the Audit Committee will assume the role) will periodically conduct an independent review of compensation which includes the President, along with all officers and vice presidents. This process includes securing comparable compensation data from an independent source, reviewing the data to ensure that the compensation is reasonable and contemporaneous substantiation of the deliberation and decision making process. Furthermore, when Regent University hires a new officer or vice present, it will ensure that all compensation is reasonable compared to similar positions of responsibility at other institutions. Form 990, Part VI, Section C, Line 19 All governing documents, the conflict of interest policy, audited financial statements and the 990 tax return for the University are all available upon request. Founders Conference Center LLC 1000 Regent University Dr Virginia Beach VA 23464 541992893 Hospitality Services VA 8064000 5949000 Regent University Regent University Foundation 1000 Regent University Dr Virginia Beach VA 23464 204273074 Support Regent University VA 501(c)3 5 Regent University 1 Henrico Inc 1000 Regent University Dr Virginia Beach VA 23464 541998119 Title Holding Co VA 501(c)2 Regent University 1 The Christian Broadcasting Network Inc 977 Centerville Turnpike Virginia Beach VA 23464 540678752 Broadcasting VA 501(c)(3) N/A 0 Frio Energy Inc 977 Centerville Turnpike Virginia Beach VA 23463 611693385 Oil and Gas production NV Regent University C C 1 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 1 0 0 0 Henrico Inc j 1100000 FMV Henrico Inc p 1100000 FMV Extension till May 15, 2022 is approved.