2021-04-07T14:52:31-05:00 2020-05-31 363990892 Capin Crouse LLP 55 Shuman Blvd Suite 300 Naperville IL 60563 990 2019-06-01 370681530 Greenville College GREE 6186647000 315 East College Avenue Greenville IL 62246 Barbara Sands CFO 6186647000 2021-04-07 1 Ted R Batson Jr P00721951 6306829797 2019 2022-09-23 18:48:47Z Greenville University Suzanne Davis 315 East College Avenue Greenville IL 62246 43912589 0 X www.greenville.edu X 1892 IL To transform students for lives of character and service through a Christ-centered education. 21 21 798 21 65757 0 5049747 9355692 31011920 30863044 984291 787842 36022 51123 37081980 41057701 11712393 12492928 0 0 14150223 14588366 0 0 748137 11560076 11293604 37422692 38374898 -340712 2682803 61130615 68238769 13086814 17345919 48043801 50892850 Greenville College d/b/a Greenville University empowers students for lives of character and service through a transforming Christ-centered education in the liberal arts, sciences, and professional studies. 0 0 29398153 12492928 23894228 UNDERGRADUATE AND GRADUATE LEVEL EDUCATION SERVICES -Instruction, scholarships, and other student services:Classes are held for approximately 1,100 students. Faculty, instruction, equipment and supplies are provided for the classroom and library. Students are awarded scholarships on the basis of need and academic achievement. Student support services include student development, religious life, student organizations and many other student activities. 2500415 6957230 AUXILIARY SERVICES -Food Service, Textbook Services, and Residence Halls:Cafeteria-style dining services are offered in the Dining Commons and snack bar/grill services are offered in the Student Union.Textbook rental services are provided to all enrolled students.Eight residence halls and nine student houses provide housing for approximately 700 students. 31898568 1 1 0 0 0 0 0 1 0 1 1 0 0 0 1 0 1 0 1 0 1 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 1 0 1 0 0 0 0 1 1 0 0 0 1 1651 0 1 798 1 1 1 0 0 0 0 0 0 0 0 1 0 0 0 X 21 21 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 CO IN X Barbara Sands 6186647000 315 East College Avenue Greenville IL 62246 Ivan Filby President (part year) 40.00 X 174363 0 68227 Suzanne Davis President 40.00 X 110553 0 7178 Barbara Sands CFO 40.00 X 71589 0 21043 Kathleen Turpin Chair 6.00 X X 0 0 0 Howard Costley Vice Chair 3.00 X X 0 0 0 Melissa Westover Secretary 3.00 X X 0 0 0 Valerie Gin Treasurer 1.00 X X 0 0 0 Tyler Campo Trustee 1.00 X 0 0 0 Elliott Renfro Trustee 1.00 X 0 0 0 Jerry Hood Trustee 1.00 X 0 0 0 Robert Bastian Trustee 1.00 X 0 0 0 Dan Denbo Trustee 1.00 X 0 0 0 Mark Whitlock Trustee 1.00 X 0 0 0 Doug Newton Trustee 1.00 X 0 0 0 Donald Wolf Trustee 1.00 X 0 0 0 Karen Longman Trustee 1.00 X 0 0 0 Paul Donnell Trustee 1.00 X 0 0 0 Venessa Brown Trustee 1.00 X 0 0 0 Hugo Perez Trustee 1.00 X 0 0 0 Dennis Spencer Trustee 1.00 X 0 0 0 Steven Ellsworth Trustee 1.00 X 0 0 0 K Kendall Mathews Trustee 1.00 X 0 0 0 Keith Cowart Trustee 1.00 X 0 0 0 Kristen Marble Trustee 1.00 X 0 0 0 356505 0 96448 2 0 1 0 Bruce Unterbrink Construction Inc 915 A South Third Street Greenville IL 62246 Construction 2732352 Fresh Ideas 3220 Vandiver Dr Columbia MO 65202 Food Services 2087611 Dynamic Campus Solutions Inc 2806 Flintrock Trace Austin TX 78738 IT Services 318062 Borton Construction Inc 2 Copeland Ave Ste 201 La Crosse WI 54603 Construction 245854 WFF Facility Services PO Box 958204 St Louis MO 63195 Custodial Services 203441 12 8170 1896660 7450862 620852 9355692 Tuition and fees 900099 23894228 23894228 Auxiliary enterprises 900099 5759798 5748212 11586 Other program revenue 900099 1209018 1209018 30863044 625631 625631 179374 180458 -1084 -1084 -1084 2830207 2667996 162211 162211 162211 4470 8170 6434 -1964 -1964 Print shop 323111 54171 54171 54171 41057701 30851458 65757 784794 12492928 12492928 467803 328181 102351 37271 20706 15783 4923 10638001 7899016 2463498 275487 431741 322107 100456 9178 2299616 1724811 543540 31265 730499 538598 167975 23926 15932 12144 3788 75054 75054 73042 73042 2555206 1895126 591041 69039 318863 233740 72896 12227 717669 480811 149955 86903 841046 622887 194262 23897 929818 627250 247211 55357 656761 475045 148153 33563 203222 145900 45503 11819 483454 359552 112135 11767 2261729 1666646 528645 66438 336879 256792 80087 Food service 1430050 1430050 Memberships 99048 75501 23547 Textbook rental 22522 22522 273309 273178 131 38374898 31898568 5728193 748137 6000 6100 6438340 8588510 725465 887253 65559 70960 181090 315256 67660944 35886479 29230936 31774465 20814445 24403345 2741670 1107051 926560 1085829 550 0 61130615 68238769 2082839 1783189 1419316 908673 708943 1238663 8092026 9702486 2464445 783690 1248463 13086814 17345919 X 24807743 24268871 23236058 26623979 48043801 50892850 61130615 68238769 X 2682803 55587 110659 X 0 1 X 1 1 1 X 3184695 5601914 3672476 5049747 9355692 26864524 3184695 5601914 3672476 5049747 9355692 26864524 3490490 23374034 696975 402065 804930 747906 805005 3456881 358 5472 0 0 0 5830 26792 27136 48419 4870 4470 111687 30438922 158161546 0.76790 0.79060 X Schedule A, Part II, Line 10, Explanation of Other Income: Fundraising events - 2015 Amount: $ 10,093. 2016 Amount: $ 3,600. 2017 Amount: $ 11,061. 2018 Amount: $ 4,870. 2019 Amount: $ 4,470. Other income - 2015 Amount: $ 16,699. 2016 Amount: $ 23,536. 2017 Amount: $ 37,358. 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. Schedule A, Part II, columns (a) - (e): Per the instructions public support is measured using a 5-year computation period that includes the current and four prior tax years (including short years). The organization had a short year in 2016. The below chart clarifies the information represented in Schedule A, Part II: Column (a) - Fiscal year ending 6/30/16 Column (b) - 11 month period ending 5/31/17 Column (c) - Fiscal year ending 5/31/18 Column (d) - Fiscal year ending 5/31/19 Column (e) - Fiscal year ending 5/31/20 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X X X Art Education 0 21159996 2541848 623642 677927 23647559 20196340 1677414 -36933 676825 21159996 19392172 474567 1225036 895435 20196340 16499214 1974029 1502233 583304 19392172 16865645 439033 -170504 460614 174346 16499214 0.03520 0.96480 0 0 2654064 2654064 53760220 30484827 23275393 3924071 3091436 832635 7322589 2310216 5012373 31774465 Annuities and trusts payable 144005 Student deposits 226950 Asset retirement obligations 534698 Unconditional purchase obligation 342810 1248463 29470303 55587 297551 353138 29117165 11940536 11940536 41057701 26621254 186892 186892 26434362 11940536 11940536 38374898 Part III, Line 1a: The University maintains a collection of donated art. The collection is held exclusively for public exhibition, education and research. The collection is appropriately catalogued and cared for by the curator. As allowed by the accounting standards, the University has elected not to recognize the collection in the statements of financial position. Proceeds from any deaccessions or insurance recoveries are used to acquire other works of art. Part III, Line 4: Greenville College is privileged to be the home and conservator of the Richard W. Bock Sculpture Museum. This museum, established in 1975, houses an extensive collection of sculptures, drawings, photographs, and the Bock family art library. The Bock family presented the collection to Greenville College on the condition that the works be placed on permanent exhibition. Public exhibition and preservation for future generations are the primary purposes the College maintains the collection. However, the College also loans pieces to other museums for temporary exhibits, allows researchers and other interested parties to use the museum's resources, and utilizes the collection as a tool for teaching art to students of the College. Part V, Line 4: The permanent endowments are established and used to provide scholarships to students attending Greenville College, to fund various academic programs and to fund campus improvements. Form 990, Schedule D, Part V, Lines 2a-2c: In accordance with the principles of FASB ASU 2016-14 (ASC 958), the organization has implemented required changes to its audited financial statements for the period ended 5/31/2020. To date, Form 990 and its associated schedules have not been updated to reflect changes made by this standard. Thus, we have reported the revised net asset categories from the audited financial statements as follows on Form 990, Schedule D, Part V, Lines 2a-2c: Line 2a - Without donor restrictions Line 2b - With donor restrictions Part XI, Line 2d - Other Adjustments: Rental expenses reported on Part VIII, Line 6b 180,458. Fundraising expenses reported on Part VIII, Line 8b 6,434. Change in value of gifts held in trust 110,659. Part XI, Line 4b - Other Adjustments: Scholarships netted with student tuition and fees 11,940,536. Part XII, Line 2d - Other Adjustments: Rental expenses reported on Part VIII, Line 6b 180,458. Fundraising expenses reported on Part VIII, Line 8b 6,434. Part XII, Line 4b - Other Adjustments: Scholarships netted with student tuition and fees 11,940,536. 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 The College receives funding from the federal government in connection with provisions of Title IV of the Higher Education Act. As a result, the College is required to comply with various regulations related to these programs. The College also received HEERF grants made available during the COVID-19 Pandemic. East Asia and the Pacific 0 0 Program Services Recruiting students/semester abroad 51845 Europe (Including Iceland & Greenland) 0 0 Program Services Semester abroad 30596 0 0 0 0 0 0 82441 0 82441 0 0 0 0 0 0 Part I, line 3: The organization tracked expenditures in accordance with accrual basis of accounting. Part III Accounting Method: 1 Student scholarships 797 11940536 Title IV financial aid 600 552392 Part I, Line 2: Students requesting financial aid are screened for financial need, academic merit, and other scholarship criteria prior to the awarding of scholarships. The combined total of scholarships, grants and other tuition related awards may not exceed the cost of tuition. Students must meet the enrollment guidelines and maintain satisfactory academic progress to retain awards received. Monitoring of these criteria is a combined effort of the Financial Aid office, the Registrar's office and the Business office. Scholarships are applied directly to student accounts. X X 1 1 X X X 0 0 0 0 0 0 0 0 0 Ivan Filby President (part year) 173113 0 0 0 1250 0 11307 0 57034 0 242704 0 0 0 Part I, Line 1a RESIDENCE FOR PERSONAL USE AND PERSONAL SERVICES - As a condition of employment, the Greenville College prior President that served through May 1, 2020 was required to live in a home which is on campus and owned by the College. Because the President utilizes this house for business purposes and meetings and it is used for Greenville College business functions, the College provides housekeeping services on a regular basis. The fair rental value of the home has been estimated at $2,625 per month. This nontaxable compensation is reported on Schedule J, Part II, Column D. The benefits described above are provided according to the President's employment contract, which is reviewed and approved by the Executive Committee of the Board of Trustees. Kathie Filby Family member of Ivan Filby, President 20706 Wages 0 X 1 3199 Cost X 14 561368 Selling price X Equip/Furn. 3 43015 Cost X Food/Lodging 5 10500 Cost X Signage 2 2770 Cost 0 0 1 0 Part I, Column (b): The number of contributions represents the number of contributions received, not the number of items donated. Form 990, Part I, Line 5: The number of employees reported here is the total number of Forms W-2 issued for the year 2019. However, this number is not indicative of the number of employees the College employs at any given point in time. Due to the high volume of student workers employed and the short-term nature of their work, the number of Forms W-2 issued is much higher than the average number of individuals employed on an on-going basis. Over a twelve-month period, the average number of individuals paid in a pay period is approximately 440. Of this number, approximately 248 are faculty/staff and approximately 188 are student workers. Form 990, Part VI, Section A, line 1 The Executive Committee is composed of the four officers, Business Affairs Committee Chair, and one at-large member. The Executive Committee shall conduct any business authorized by the board and other urgent business that cannot be reasonably deferred until the next board meeting. It may not countermand any action taken by the board without the board's express permission. Form 990, Part VI, Section B, line 11b The College's 990 is prepared by an independent CPA firm using information from management. The Form 990 is reviewed in detail by management and provided to each board member for review. However, the board review copy does not disclose Schedule B contributor names and addresses. Upon approval of management and the board, the Form 990 is filed electronically with the Internal Revenue Service. Form 990, Part VI, Section B, line 12c Conflict of interest questionnaires are completed annually by all trustees, officers, and executive management. All responses are carefully reviewed by an independent staff member of the College for possible conflicts of interest. Should any potential conflicts of interest be disclosed, the trustee or officer would be asked to refrain from participation in any decision with regard to matters affected by the relationship. Form 990, Part VI, Section B, line 15 The Greenville College Board Policy Manual stipulates the following with respect to the President's evaluation and compensation: "7.4 President's Evaluation and Compensation: The officers of the Board negotiate all contractual matters with the President and conduct the President's annual evaluation. The contract will be presented to the full board, sitting in executive session, for consideration and approval. The officers report the findings of the annual review of the President to the Executive Committee and to the full board sitting in executive session." Board policy also provides for a review of the compensation of all the President's direct reports as follows: "4.10 Compensation Reviews: Compensation for all the President's direct reports must be reviewed by the Business Affairs Committee on an annual basis. The President's compensation is set in accordance with Section 7.4 of this Policy Manual. The review of compensation for both the President and direct reports must include consideration of compensation data for similar positions with similar scope of responsibility, educational requirements, and experience levels at comparable institutions with similar enrollment, budget, and type of location. Sources for compensation data should include Council for Christian Colleges and Universities (CCCU) and College and University Professional Association for Human Resources (CUPA-HR) or similar type organizations. Compensation comparisons for the President and direct reports should include, as much as possible, the following elements: salary, incentive pay of any kind, health benefits, retirement benefits, any allowances including tuition or educational waivers or reimbursements, and any other taxable benefits. No employee of the College or any committee or Board member having any conflict of interest whatsoever in the compensation reviews for the President and direct reports shall be allowed to participate in the discussion or approval process. Comparison data used in the review process, a discussion summary concerning the compensation comparisons and the appropriate compensation levels, any action taken by the Officers, Business Affairs Committee or the Board shall be documented at the time of such meeting and shall be kept on permanent record at the College. Compensation guidelines for the President and direct reports are plus or minus 20% of the average median compensation levels of the CCCU and CUPA-HR. Form 990, Part VI, Section C, line 19 The College makes its governing documents, conflict of interest policy, and financial statements available to the public upon request. Form 990, Part XI, line 9: Change in value of gifts held in trust 110,659. Charitable remainder trusts (3) Trust MI The Free Methodist Foundation T 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0