2020-07-15T11:22:28-05:00 2019-05-31 363990892 Capin Crouse LLP 1255 Lakes Parkway Suite 130 Lawrenceville GA 30043 990 2018-06-01 570314406 North Greenville University NORT 8649777000 PO Box 1892 Tigerville SC 29688 Michelle Sabou Senior VP of Finance 8649777000 2020-07-15 1 Ted R Batson Jr P00721951 6785185301 139.146.132.42 2020-07-15 12:22:20 ED P B192CC0D102847318814F28D1D78F3A4F74CC717 4B92F8E8F1176B945547510BA5EBB2AD7FD94F3C 2018 2021-01-29 14:40:06Z Dr Gene Fant PO Box 1892 Tigerville SC 29688 75164298 0 X www.ngu.edu X 1892 SC The University offers a quality education in a biblically sound, Christ-centered environment. 24 24 1179 100 0 0 4192751 4223052 58988421 59527160 1348604 311226 283266 437326 64813042 64498764 17714967 16678307 0 0 23810070 26397841 0 0 679736 23060040 18659637 64585077 61735785 227965 2762979 116588414 116879206 12174141 9264564 104414273 107614642 X North Greenville University believes that the truths found in Holy Scriptures permeate every aspect of reality. All truth is ultimately from God. Therefore, a commitment to academic excellence can be an integral component in the maturation of one's faith. Faculty members meet regularly to study ways in which matters of faith can be brought into the classroom experience. Students are encouraged to participate in the process of integrating faith and learning. North Greenville University strives to be a place where graduates will leave with both an understanding of their chosen fields of endeavor and an appreciation for how the truths of scripture apply to those areas. The University offers the following degrees: the Bachelor of Arts degree, the Bachelor of Science degree, the Master of Business Administration degree, and the Master of Christian Ministries degree. Within the undergraduate degrees there are 36 program options and choices of major. 0 0 55646299 16678307 59856795 The University is a co-educational liberal arts university offering graduate and undergraduate degrees. It has Level V membership in the Commission of Colleges of the Southern Association of Colleges and Schools. The University's purpose is to provide opportunities for higher education in a Christian atmosphere. The University provided education services to 2,578 students. 55646299 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 1 1 0 1 0 1 0 0 0 1 1 0 0 0 1 3688 0 1 1179 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 24 24 0 0 0 0 0 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 SC X Michelle Sabou 8649777000 PO Box 1892 Tigerville SC 29688 David Charpia Chairman 1.00 X X 0 0 0 Dr Lucile Sullivan Chairman (part year), Trustee 1.00 X X 0 0 0 William Tyler Chairman (part year) 1.00 X X 0 0 0 Ronald Edwards Vice Chairman 1.00 X X 0 0 0 Beverly N Hawkins Secretary 1.00 X X 0 0 0 William Knupp Secretary (part year) 1.00 X X 0 0 0 Laura Messer Trustee 1.00 X 0 0 0 Rev Travis Agnew Trustee 1.00 X 0 0 0 Rodney Back Trustee 1.00 X 0 0 0 Mitsy Ballentine Trustee 1.00 X 0 0 0 Mandie Boyd Trustee 1.00 X 0 0 0 Rev Seth Buckley Trustee 1.00 X 0 0 0 Rebecca Coleman Trustee 1.00 X 0 0 0 James Cudd Trustee 1.00 X 0 0 0 Bo Davies Trustee 1.00 X 0 0 0 Gary Glenn 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 Claude Tackett 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 Dr Mike Hamlet Trustee 1.00 X 0 0 0 Mr Gary Holeman Trustee 1.00 X 0 0 0 Jimmy Cox Trustee (part year) 1.00 X 0 0 0 Arnold Emery Trustee (part year) 1.00 X 0 0 0 Dr Lee McCormick Trustee (part year) 1.00 X 0 0 0 Greg Mathis Trustee (part year) 1.00 X 0 0 0 Dr Gene Fant President 40.00 X 237163 0 32606 C Michelle Sabou Senior VP of Finance 40.00 X 115067 0 22311 Tim Huggins VP Information Technology 40.00 X 117447 0 19929 Rachael Russiaky VP Student Services Admin. 40.00 X 6643 0 0 Stephen Crouse VP Campus Ministries 40.00 X 106487 0 21814 Keli Sewell VP of Enrollment Services 40.00 X 133140 0 18535 Mick Daniels VP Campus Enhancement Services 40.00 X 109837 0 9260 Rich Grimm EVP 40.00 X 105024 0 17998 Nathan Finn Provost 40.00 X 84414 0 16624 Marty O'Gwynn VP of Development & Advancement 40.00 X 82941 0 5115 Anthony Beam VP Student Services (part year) 40.00 X 117015 0 9560 Thomas Allen Dean College of Science & Math 40.00 X 113860 0 15696 Jordan M Hairr Asst Professor & PA Program Dir. 40.00 X 141441 0 8322 Kaye Rickman Asst Professor Princ for PA Program 40.00 X 106349 0 13081 Randall J Pannell Professor 40.00 X 123702 0 11439 Dr James Epting Former Officer 40.00 X 169639 0 0 1870169 0 222290 13 1 1 0 Aramark Corporation PO Box 978839 Dallas TX 753978839 Food Service 3885440 The Budd Group PO Box 890856 Charlotte NC 282890856 Landscape Service 1426530 Jenzabar PO Box 55018 Boston MA 022055018 Computer Software Support 692486 Womble Bond Dickinson LLP PO Box 601879 Charolette NC 282601879 Legal Services 195634 Up & Up 504 Rhett St Ste 100 Greenville SC 29601 Marketing Service 104700 10 9815 1170809 205265 2837163 873480 4223052 Tuition and fees 611600 41646416 41646416 Auxiliary revenue 611710 16267166 16267166 1613578 1613578 59527160 782255 782255 136216 31101 105115 105115 105115 9546502 60150 9996620 81061 -450118 -20911 -471029 -471029 58977 9815 56401 2576 2576 829986 500351 329635 329635 64498764 59856795 0 418917 16678307 16678307 1626668 1357034 139967 129667 558245 395810 162435 20618519 18367766 1920600 330153 2170645 1871591 275393 23661 1423764 1254768 136055 32941 246887 246887 61933 16000 45933 195016 195016 240398 11218 229180 537765 48881 488576 308 1480174 1266848 107499 105827 743516 741151 2365 688912 688912 626440 576730 38046 11664 84938 70240 7631 7067 18 18 2451385 2346177 91049 14159 497156 490418 6297 441 Repairs & maintenance 4494839 4310754 160237 23848 Food services 3598210 3598127 83 Bad debt expense 493348 493348 2218702 1555549 663153 61735785 55646299 5409750 679736 X 10688536 7837338 1857554 3822156 422454 405370 1500 2000 10448 7854 600347 475496 50773 26588 94880543 32072819 62704217 62807724 22098744 26466543 15707800 12209556 375241 865375 2070800 1953206 116588414 116879206 6140445 3715660 4904308 4684430 39982 223878 184601 199306 154306 706204 485585 12174141 9264564 X 66123991 67977596 38290282 39637046 104414273 107614642 116588414 116879206 X 2762979 641786 -204396 X X 0 1 X 1 1 1 X 5071299 3698218 2944393 4192751 4223052 20129713 5071299 3698218 2944393 4192751 4223052 20129713 1688012 18441701 710377 666594 661905 728927 918471 3686274 82215 35580 10501 48845 58977 236118 24052105 284413526 0.76670 0.68180 X Schedule A, Part II, Line 10, Explanation of Other Income: Fundraising - 2014 Amount: $ 82,215. 2015 Amount: $ 35,580. 2016 Amount: $ 10,501. 2017 Amount: $ 48,845. 2018 Amount: $ 58,977. 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 4800 90933 X X 0 0 1 X 31299423 3031695 667538 249731 34748925 28356288 1214458 1787206 58529 31299423 25829511 314976 2265824 54023 28356288 28200202 167717 -1050933 1487475 25829511 26137823 793104 1417232 147957 28200202 0.05880 0.94120 0 1 1 2781055 6881466 9662521 69655144 21323542 48331602 14970270 10749277 4220993 592608 592608 62807724 Cash value of life insurance 584852 F Baptist Foundation 9437631 F Alternative investments 2148873 F Other investment assets 38200 F 12209556 Trust liability 49170 Funds held for others 248057 Capital lease obligation 188358 485585 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. 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 small portion of earnings are used to provide programs as designated by donors and the Board of Trustees. 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 5/31/2019. 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 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. Middle East and North Africa 0 0 Program Services Study Abroad 41594 Central America and the Caribbean 0 0 Program Services Study Abroad 13078 South America 0 0 Program Services Study Abroad 12789 Europe (Including Iceland & Greenland) 0 0 Program Services Study Abroad 5902 North America - Canada and Mexico 0 0 Program Services Study Abroad 3875 Central America and the Caribbean 0 0 Investments 146558 0 0 0 0 0 0 223796 0 223796 0 0 0 0 0 0 Part I, line 3: Accrual method of accounting is used to account for foreign expenditures. Golf tournament - Crusader Club 41223 41223 16725 12952 2710 16970 Golf tournament - Marion Moorhead 27569 9815 17754 5644 1400 68792 9815 58977 16725 18596 2710 18370 56401 2576 1 Scholarships 2187 16678307 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 1 0 0 0 0 0 0 0 0 Dr Gene Fant President 236465 0 108 0 590 0 0 0 32799 0 269962 0 0 0 Keli Sewell VP of Enrollment Services 132936 0 108 0 96 0 0 0 18728 0 151868 0 0 0 Dr James Epting Former Officer 0 0 0 0 169639 0 0 0 0 0 169639 0 0 0 Part I, Line 1a The President is required to live on the University's main campus. The home meets the requirements of Section 119 of the code and the value is considered nontaxable. Nontaxable housing is also provided to the Senior VP of Finance and the VP of Information Technology who are required to live on campus by the University to complete their job duties and respond in emergency situations. All of the houses are on campus and are University property. Part I, Line 4a Dr. James Epting, former President, received severance payments totaling $169,639. Anthony Beam Officer- VP of Student Services Staff improvement loan X 4000 2000 0 1 1 2000 6832 Scholarships Tuition Assistance Vlad Sabou Family Member of Michelle Sabou, VP of Business Affairs 50150 W-2 and Benefits 0 Kristen Cooke Family Member of Beverly Hawkin's, Secretary 36004 W-2 and Benefits 0 Paul Epting Family Member of James Epting, Former President 107539 W-2 and Benefits 0 Marnie Daniel Family Member of Mick Daniel, VP Campus Enhancement Services 30363 W-2 and Benefits 0 Deborah O'Gwynn Family Member of Marty O'Gwynn, VP Development & Advancement 54897 W-2 and Benefits 0 X 2 4800 Cost X 80 Cost X 119852 Cost X 5 24268 Cost X 1 720000 Appraisal X Stor. Trailers 2 4480 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 Trust, (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 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. The salary of the officers is reviewed annually by the independent Board during budget approval. The officers are typically eligible to receive the same rate of merit increases as other employees, and the final salary decisions for the officers is made by the President. This process is documented in board minutes as part of the annual budget process. Form 990, Part VI, Section C, line 19 At this time, the University does not make available to the public its governing documents, conflict of interest policy, and financial statements. Form 990, Part X, Lines 27-29: 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 5/31/2019. The 2018 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, Part X, Lines 27-29: Line 27 - Net assets without donor restrictions $ 67,977,596 Line 29 - Net assets with donor restrictions $ 39,637,046 Total net assets $107,614,642 Form 990, Part XI, line 9: Change in value of trust -204,396. Form 990, Part XII, line 2c: The University's Board assumes oversight of the audit of its financial statements and selection of its independent accountant. This process has not changed since the prior year. Crusader Mountie LLC PO BOX 332 Tigerville SC 29688 471461194 Wastewater Treatment SC 0 671346 North Greenville Univ South Carolina Baptist Convention 190 Stoneridge Drive Columbia SC 29210 570360087 Association of Southern Baptist Churches SC 501(c)(3) 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) 1 South Carolina Baptist Convention 0 Living Trust (1) Irrevocable Living Trust SC North Greenville University T 0 Charitable Remainder Unitrust (5) Charitable Remainder Unitrust SC North Greenville University T 0 0 0 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 South Carolina Baptist Convention C The Baptist Foundation of South Carolina M