2019-04-11T15:30:56-05:00 2018-05-31 350921680 CROWE LLP 720 Cool Springs Blvd Suite 600 Franklin TN 370677260 990 2017-06-01 620465076 Belmont University BELM 6154606000 1900 Belmont Blvd Nashville TN 37212 David Runyan VP of Finance and Operations 2019-04-11 true Rachel Spurlock P00520729 6153605500 2017 2019-02-21 02:37:17Z Robert Fisher 1900 Belmont Blvd Nashville TN 37212 358148235 false X WWW.BELMONT.EDU X 1951 TN BELMONT UNIVERSITY IS A PRIVATE, COEDUCATIONAL INSTITUTION FOCUSED ON UNDERGRADUATE AND POST-GRADUATE EDUCATION. IT PROVIDES AN ACADEMICALLY CHALLENGING EDUCATION AND STRIVES TO BE A LEADER AMONG TEACHING UNIVERSITIES BRINGING TOGETHER THE BEST OF LIBERAL ARTS AND PROFESSIONAL EDUCATION IN A CHRISTIAN COMMUNITY OF LEARNING AND SERVICE. 39 39 3809 150 1521640 -11069 22315907 14003015 279689192 300700130 2227232 16503755 7596162 8629319 311828493 339836219 53748920 60843590 0 105932315 112180396 0 3295697 61028636 65479970 220709871 238503956 91118622 101332263 857300636 952817256 111998037 105855354 745302599 846961902 BELMONT UNIVERSITY IS A STUDENT-CENTERED CHRISTIAN COMMUNITY PROVIDING AN ACADEMICALLY CHALLENGING EDUCATION THAT EMPOWERS MEN AND WOMEN OF DIVERSE BACKGROUNDS TO ENGAGE AND TRANSFORM THE WORLD WITH DISCIPLINED INTELLIGENCE, COMPASSION, COURAGE AND FAITH. false false 197373775 60843590 307056064 EDUCATIONAL PROGRAMS, INSTRUCTION AND STUDENT SERVICES ARE PROVIDED TO MORE THAN 8,200 STUDENTS, OFFERING MORE THAN 65 UNDERGRADUATE AND GRADUATE ACADEMIC PROGRAMS THROUGH ITS SEVEN COLLEGES AND SCHOOLS, INCLUDING THE MIKE CURB COLLEGE OF ENTERTAINMENT AND MUSIC BUSINESS, COLLEGE OF PHARMACY, THE COLLEGE OF BUSINESS ADMINISTRATION, AND THE COLLEGE OF LAW. BELMONT OFFERS INTERCOLLEGIATE ATHLETICS IN FIFTEEN DIFFERENT SPORTS, ALL COMPETING IN THE OHIO VALLEY CONFERENCE. BELMONT STUDENT ATHLETES HAVE COMPILED IMPRESSIVE RECORDS, BOTH ON AND OFF THE PLAYING COURT AND FIELD. THE BELMONT MEN'S BASKETBALL TEAM HAS MADE APPEARANCES IN SEVEN OUT OF THE PAST ELEVEN NCAA NATIONAL CHAMPIONSHIP TOURNAMENTS, WHILE THE MEN'S BASEBALL TEAM HAS MADE APPEARANCES IN THEIR RESPECTIVE NCAA TOURNAMENT IN TWO OF THE PAST FIVE YEARS. STUDENT ACTIVITIES ROUND OUT THE COLLEGIATE EXPERIENCE, WITH A FOCUS ON CAMPUS LIFE AND COMMUNITY, STUDENT HEALTH AND WELFARE, AND STUDENT ADVOCACY AND SUPPORT. THERE ARE CURRENTLY MORE THAN 120 CLUBS AND ORGANIZATIONS AVAILABLE TO STUDENTS. 197373775 true true false true false false true true true true false false false true true false true true false true false true false false false false false true true true false false false false false false true false false false true false false false false true true false false false true 12058 0 true 3809 true true true false false false false true true true false false false X 39 39 true false false true false false false true true false false false true true true true true false false false X DAVID RUNYAN 6154606788 1900 BELMONT BLVD NASHVILLE TN 37212 Marty Dickens Chairman 3.0 X X 0 0 0 Gordon Inman Vice Chair 1.0 X X 0 0 0 Joe Russell Secretary 1.0 X X 0 0 0 Harry Allen Trustee 1.0 X 0 0 0 Janet Ayers Trustee 1.0 X 0 0 0 Lee Beaman Trustee 1.0 X 0 0 0 Chris Bollinger Trustee 1.0 X 0 0 0 Rebecca McKelvey Castaneda Trustee 1.0 X 0 0 0 John R Faison Sr Trustee 1.0 X 0 0 0 John Ferguson Trustee 1.0 X 0 0 0 Dan Foutch Trustee 1.0 X 0 0 0 Cordia Harrington Trustee 1.0 X 0 0 0 Steve Hewlett Trustee 1.0 X 0 0 0 Damon Hininger Trustee 1.0 X 0 0 0 Steve Horrell Trustee 1.0 X 0 0 0 R Milton Johnson Trustee 1.0 X 0 0 0 Jamie Jones Trustee 1.0 X 0 0 0 Todd Jones Trustee 1.0 X 0 0 0 Klay Kelley Trustee 1.0 X 0 0 0 Larry Kloess Trustee 1.0 X 0 0 0 Ron Knox Trustee (Through 12/31/17) 1.0 X 0 0 0 Bill Lee Trustee 1.0 X 0 0 0 Cynthia Leu Trustee 1.0 X 0 0 0 Drew Maddux Trustee 1.0 X 0 0 0 Bruce Maxwell Trustee 1.0 X 0 0 0 Carolyn McAfee Trustee 1.0 X 0 0 0 Andrea Overby Trustee 1.0 X 0 0 0 Ben L Rechter Trustee 1.0 X 0 0 0 Barbara Massey Rogers Trustee 1.0 X 0 0 0 Anne Russell Trustee 1.0 X 0 0 0 Michael W Smith Trustee 1.0 X 0 0 0 Randy Smith Trustee 1.0 X 0 0 0 Larry Thrailkill Trustee 1.0 X 0 0 0 Troy Tomlinson Trustee 1.0 X 0 0 0 Claire Tucker Trustee 1.0 X 0 0 0 Paul Walker Trustee 1.0 X 0 0 0 Bob Whisenant Trustee 1.0 X 0 0 0 Jim Wilkerson Trustee 1.0 X 0 0 0 Jim Wright Trustee 1.0 X 0 0 0 Mark Wright Trustee 1.0 X 0 0 0 Robert Fisher President 40.0 X 1020475 0 29852 Thomas Burns Provost 40.0 X 362533 0 31044 Steven Lasley VP of Finance and Operations 40.0 X 327360 0 36126 Jason Rogers VP of Administration & University Counsel 40.0 X 265451 0 32653 Clifton Perry Moulds VP of University Advancement 40.0 X 251470 0 30683 Paula Gill Vice President Institutional Effectiveness 40.0 X 234066 0 22002 Susan West VP/Chief of Staff 40.0 X 232935 0 27172 Todd Lake VP of Spiritual Development 40.0 X 120135 0 110430 Alberto Gonzales Dean 40.0 X 388306 0 31029 James Raines Dean 40.0 X 315395 0 26614 Douglas Jay Howard Dean 40.0 X 210074 0 16636 Philip Johnston Dean 40.0 X 290036 0 26164 Richard Byrd Men's Basketball Coach 40.0 X 980508 0 29853 Jeffrey Kinsler Professor 40.0 X 248486 0 22468 Scott Corley Athletic Director 40.0 X 225482 0 23324 D Lee Warren Professor 40.0 X 217426 0 15899 Jeffrey Cornwall Director-Center for Entreprenuership 40.0 X 215606 0 25248 5905744 0 537197 239 false true false R C MATHEWS CONTRACTOR LLC PO BOX 24687 NASHVILLE TN 37202 PRIMARY GENERAL CONTRACTOR 36762372 SODEXO 1900 BELMONT BLVD NASHVILLE TN 37212 FOOD SERVICE VENDOR 11160369 EARL SWENSSON ASSOCIATES PO BOX 410628 NASHVILLE TN 372410628 ARCHITECTS 2967313 DIRECT TRAVEL 5341 VIRGINIA WAY BRENTWOOD TN 37027 TRAVEL SERVICES 990005 CIEE 300 FORE STREET PORTLAND ME 04101 COORDINATE STUDY ABROAD SERVICES 657665 67 X 1506139 12496876 5881872 14003015 Tuition and Fees - Instruction 611710 262476887 262476887 Residence Halls - Student Services 611710 22491795 22491795 BOOKSTORE SALES 451211 4892508 4892508 Conferences/seminars/workshops 611710 4198108 4198108 Study Abroad - Instruction 611710 4440402 4440402 2200430 2200430 0 0 300700130 3719059 -1621 3720680 341265 341265 679348 429744 249604 0 249604 249604 29652067 16867371 12784696 0 12784696 12784696 6779 6779 6779 1167377 1014901 152476 152476 Cafeteria 722210 5368802 5368802 Curb Events Center 711300 1569947 655057 914890 Ocean Way Music Studio 711300 608371 608371 332075 332075 0 0 7879195 339836219 307056064 1521640 17255500 60815690 60815690 27900 27900 3512629 1316913 1908439 287277 999409 999409 87878068 77600052 8619952 1658064 2759636 2444180 268094 47362 10925491 842162 9616290 467039 6105163 5224672 753213 127278 97853 97853 95865 95865 184052 184052 5560417 4776340 694873 89204 3043754 224734 2818370 650 2275538 1872048 316969 86521 500551 270317 226912 3322 0 0 0 0 11867464 11182487 684977 0 8394969 8198083 158271 38615 0 0 0 0 32897 23302 5376 4219 1608933 514417 1094516 0 0 0 0 0 12762215 10881026 1881189 0 1389729 75537 1314192 0 Dues & Subscriptions 5146413 3064808 2071260 10345 BOOKSTORE expense 4393887 4393887 0 0 Small Equipment & Supplies 2312269 1887546 398634 26089 5813164 1737674 3625778 449712 238503956 197373775 37834484 3295697 7330 6667 82486993 60853097 27937755 22110721 8037818 8260946 0 0 0 1589540 1540284 701797 322280 251678 417515 780454423 137782417 583266860 642672006 143307364 206878253 0 0 9713501 9755487 857300636 952817256 17934256 19925053 15150050 16019259 69180584 62522369 321930 359744 0 7674196 6043689 1737021 985240 111998037 105855354 X 594339709 669122247 36849000 48568238 114113890 129271417 745302599 846961902 857300636 952817256 X 101332263 -106368 433408 X false true X true true true X 10352914 12911229 35735488 26580150 14003015 99582796 0 0 10352914 12911229 35735488 26580150 14003015 99582796 22923671 76659125 2134759 5821308 6335221 3730701 4739672 22761661 0 0 0 0 0 0 1067866 1126281 1056040 1188736 1174156 5613079 127957536 1316312152 0.5991 0.6391 X Schedule A, Part II, Line 10 Other Income DESCRIPTION - FUNDRAISING REVENUE, COLUMN A - 8592.0, COLUMN B - 11971.0, COLUMN C - 6401.0, COLUMN D - 5777.0, COLUMN E - 6779.0, COLUMN F - 39520.0; DESCRIPTION - GROSS SALES OF INVENTORY, COLUMN A - 1059274.0, COLUMN B - 1114310.0, COLUMN C - 1049639.0, COLUMN D - 1182959.0, COLUMN E - 1167377.0, COLUMN F - 5573559.0; false false false false false false false false true 341 341 false Schedule C, Part II-B, Line 1 DETAILED DESCRIPTION OF THE LOBBYING ACTIVITY BELMONT UNIVERSITY PAID DUES TO TENNESSEE INDEPENDENT COLLEGES AND UNIVERSITIES ASSOCIATION IN THE AMOUNT OF $68,140. A PORTION OF THE DUES (0.5%) IN THE AMOUNT OF $341 WAS SPENT ON LOBBYING ACTIVITY. Schedule C, Part II-B, Line 1 DETAILED DESCRIPTION OF THE LOBBYING ACTIVITY BELMONT UNIVERSITY PAID DUES TO TENNESSEE INDEPENDENT COLLEGES AND UNIVERSITIES ASSOCIATION IN THE AMOUNT OF $68,140. A PORTION OF THE DUES (0.5%) IN THE AMOUNT OF $341 WAS SPENT ON LOBBYING ACTIVITY. 9900162 10284312 X X X true false true X 153186052 55165738 15474895 2798540 221028145 132599042 8727493 14700255 2840738 153186052 107827318 30991021 -3565073 2654224 132599042 101828642 1776474 6404744 2182542 107827318 88433300 4827748 10902920 2335326 101828642 0.273 0.541 0.186 false false 39734253 39734253 607472308 95282921 512189387 4793375 2804566 1988809 34642622 29678446 4964176 93811865 10016484 83795381 642672006 Interest Rate Swaps 985240 985240 X 280580262 -106368 2196426 2090058 278490204 184052 61161963 61346015 339836219 178920959 1444645 1444645 177476314 184052 60843590 61027642 238503956 Schedule D, Part III, Line 4 Collections of art - description of collections THE COLLECTION CONSISTS OF 2 YEMINI SCROLLS FROM THE MID 19TH CENTURY (APPROXIMATELY 150-175 YEARS OLD) THAT WERE GIVEN TO THE UNIVERSITY 5-6 YEARS AGO. THEY ARE SYNAGOGUE TORAH SCROLLS, HAND-WRITTEN ON PARCHMENT. THEY ARE STORED IN AN ARCHIVE ROOM IN THE LIBRARY, SINCE THEY CANNOT BE KEPT IN FIDELITY HALL BECAUSE OF STEAM HEAT. OCCASIONALLY THEY ARE USED IN CLASSES TO SHOW THEM TO STUDENTS AND TALK ABOUT THEIR CHARACTERISTICS AND SIGNIFICANCE. THREE REPLICA STATUES WERE PURCHASED BY THE UNIVERSITY AND ARE PLACED THROUGHOUT THE CAMPUS IN AN EFFORT TO HELP THE CAMPUS APPEAR AS IT MAY HAVE LOOKED BACK WHEN THE MANSION WAS ORIGINALLY BUILT. ADDITIONALLY, THE UNIVERSITY PURCHASED SEVERAL PIECES OF ART WORK THAT ARE PLACED IN THE GORDON INMAN BUILDING. THEY WERE BOUGHT TO ENHANCE THE APPEARANCE OF THE INTERIOR, SINCE THE BUILDING WOULD BE USED FOR VARIOUS GATHERINGS BY THE PRESIDENT AND SENIOR LEADERSHIP. A MAJORITY OF THE VALUE OF THE COLLECTION LIES IN THE VALUE OF THE SCROLLS. IN FY14, A NEW SCULPTURE WAS COMMISSIONED FOR THE TROUTT THEATER. (TOTAL VALUE OF THE COLLECTION ON THE BOOKS EQUALS $221,650 AND THE VALUE OF THE SCROLLS ON THE BOOKS IS $162,500.) ADDED TO COLLECTIONS IN FY17 WAS THE ESTATE DONATION OF RARE AND ICONIC GUITARS, WHICH WERE CAPITALIZED AT THE APPRAISED VALUE OF THE INSTRUMENTS OF $9,638,640 ON THE ACCESSION DATE OF OCTOBER 14, 2016. DUE TO BOTH ADDITIONAL PURCHASES AND SALES OF THE COLLECTION AS ALLOWED IN THE ENDOWMENT AGREEMENT, THE FAIR VALUE OF THE COLLECTION AS OF MAY 31, 2018 WAS $9,900,162. THE GUITARS ARE HELD FOR PUBLIC EXHIBITION, EDUCATION, AND RESEARCH IN FURTHERANCE OF THE UNIVERSITY'S PUBLIC SERVICE. THE COLLECTION IS PROTECTED AND PRESERVED, AND SUBJECT TO UNIVERSITY POLICY REQUIRING THAT PROCEEDS OF ITEMS IN THE COLLECTION SOLD ARE TO BE USED TO ACQUIRE OTHER ITEMS FOR THE COLLECTION. THE COLLECTION IS PART OF THE UNIVERSITY'S PERMANENT ENDOWMENT. GAINS OR LOSSES ON THE DEACCESSION OF COLLECTION ITEMS ARE CLASSIFIED ON THE STATEMENT OF ACTIVITIES AS PERMANENTLY RESTRICTED SUPPORT. Schedule D, Part IV, Line 2b Explanation of escrow agreement Deposits held for others are monies held by the University for various clubs and groups, as agency funds. The monies are entrusted to the University for safekeeping and may be used or withdrawn by the depositor at will. Funds may be held on behalf of students, faculty, staff, or organizations. Schedule D, Part V, Line 4 Intended uses of endowment funds THE INTENDED USE OF ENDOWMENT FUNDS IS TO PROVIDE STUDENT SCHOLARSHIPS. Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote The University is exempt from federal income tax under Section 501(c)(3) of the Internal Revenue Code; accordingly, no provision for income taxes has been made in the accompanying consolidated financial statements. The University is not classified as a private foundation. The University files a Form 990 (Return of Organization Exempt from Income Tax) annually. When these returns are filed, it is highly certain that some positions taken would be sustained upon examination by the taxing authorities, while others are subject to uncertainty about the merits of the tax position taken or the amount of the position that would ultimately be sustained. Examples of tax positions common to universities include such matters as the following: the tax exempt status of each entity and various positions relative to potential sources of unrelated business income tax ("UBIT"). UBIT is reported on Form 990-T, as appropriate. The benefit of a tax position is recognized in the financial statements in the period during which, based on all available evidence, management believes that it is more likely than not that the position will be sustained upon examination, including the resolution of appeals or litigation processes, if any. Tax positions are not offset or aggregated with other positions. Tax positions that meet the "more likely than not" recognition threshold are measured as the largest amount of tax benefit that is more than 50% likely to be realized on settlement with the applicable taxing authority. The portion of the benefits associated with tax positions taken that exceeds the amount measured as described above would be reflected as a liability for uncertain tax benefits in the accompanying statements of financial position along with any associated interest and penalties that would be payable to the taxing authorities upon examination. As of May 31, 2018 and 2017, there were no uncertain tax positions identified. The University does not expect the total amount of unrecognized tax benefits to significantly change in the next 12 months. Forms 990 and 990-T filed by the University are subject to examination by the Internal Revenue Service (IRS) up to three years from the extended due date of each return. Management believes the Forms 990 and 990-T have been filed appropriately. Forms 990 and 990-T filed by the University are no longer subject to examination for the fiscal years ended May 31, 2014 and prior. The University would recognize interest and penalties related to unrecognized tax positions in interest and income tax expense, respectively. The University did not recognize or accrue any interest or penalties as of May 31, 2018 and 2017, and for the years then ended. Schedule D, Part XI, Line 2(d) Other revenues in audited financial statements not in form 990 Cost of Goods Sold - 1014901 Change in Value of Interest Rate Swaps - 751781 Rental Expenses - 429744 Schedule D, Part XI, Line 4(b) Other revenues in form 990 not in audited financial statements Scholarships and Fellowships - 60843590 Change in Value of Annuity Agreements - 318373 Schedule D, Part XII, Line 2(d) Other expenses in audited financial statements not in form 990 Cost of Goods Sold - 1014901 Rental Expenses - 429744 Schedule D, Part XII, Line 4(b) Other expenses in form 990 not in audited financial statements Scholarships and Fellowships - 60843590 true true true true true true true false false false false false false false false true false true Schedule E, Part I, Line 3 RACIALLY NONDISCRIMINATORY POLICY THE COLLEGE'S NONDISCRIMINATORY POLICY IS PRINTED IN THE "EMPLOYEE POLICIES AND PROCEDURES" MANUAL AS WELL AS THE STUDENT HANDBOOK. Schedule E, Part I, Line 6(a) FINANCIAL AID OR ASSISTANCE FROM A GOVERNMENT THE PERKINS LOAN PROGRAM IS A CAMPUS-BASED PROGRAM PROVIDING FINANCIAL ASSISTANCE TO ELIGIBLE POST-SECONDARY SCHOOL STUDENTS BASED ON FINANCIAL NEED. THE DEPARTMENT OF EDUCATION PROVIDES FUNDS ALONG WITH THE UNIVERSITY, WHICH ARE USED TO MAKE LOANS TO ELIGIBLE STUDENTS AT LOW INTEREST RATES. true Europe (Including Iceland and Greenland) 0 0 Grantmaking 19900 East Asia and the Pacific 0 0 Grantmaking 7000 South America 0 0 Grantmaking 1000 0 0 0 0 0 0 27900 0 27900 GRANTMAKING- STUDY ABROAD Europe (Including Iceland and Greenland) 19 19900 ACCOUNT CREDIT GRANTMAKING- STUDY ABROAD East Asia and the Pacific 7 7000 ACCOUNT CREDIT GRANTMAKING- STUDY ABROAD South America 2 1000 ACCOUNT CREDIT false false false false false false Schedule F, Part I, Line 2 Procedures for monitoring use of grant funds GRANT RECIPIENTS ARE BELMONT UNIVERSITY STUDENTS STUDYING ABROAD. GRANTS ARE OFFSET AGAINST STUDENT TUITION ACCOUNTS. Schedule F, Part I, Line 2 PROCEDURES FOR MONITORING USE OF GRANT FUNDS GRANT RECIPIENTS ARE BELMONT UNIVERSITY STUDENTS STUDYING ABROAD. GRANTS ARE OFFSET AGAINST STUDENT TUITION ACCOUNTS. true MERIT BASED 3263 24750652 NEED BASED 4926 22694051 ATHLETIC 326 6912440 ENDOWED 1404 5150410 TALENT BASED 358 1308137 Schedule I, Part I, Line 2 Procedures for monitoring use of grant funds. THE UNIVERSITY AWARDS GRANTS AND SCHOLARSHIPS TO ENROLLED STUDENTS. GRANTS ARE CREDITED TO THE RECIPIENTS' ACCOUNTS FOR TUITION, FEES, ROOM AND BOARD. X X X true true X X X false true false false false false false false false Robert Fisher President 1015248 0 0 0 5227 0 13500 0 16352 0 1050327 0 0 0 Thomas Burns Provost 362154 0 0 0 379 0 13500 0 17544 0 393577 0 0 0 Steven Lasley VP of Finance and Operations 326964 0 0 0 396 0 13500 0 22626 0 363486 0 0 0 Jason Rogers VP of Administration & University Counsel 265313 0 0 0 138 0 12524 0 20129 0 298104 0 0 0 Clifton Perry Moulds VP of University Advancement 251121 0 0 0 349 0 12865 0 17818 0 282153 0 0 0 Paula Gill Vice President Institutional Effectiveness 233519 0 0 0 547 0 11851 0 10151 0 256068 0 0 0 Susan West VP/Chief of Staff 232388 0 0 0 547 0 11944 0 15228 0 260107 0 0 0 Todd Lake VP of Spiritual Development 119588 0 0 0 547 0 11012 0 99418 0 230565 0 0 0 Alberto Gonzales Dean 387910 0 0 0 396 0 13500 0 17529 0 419335 0 0 0 James Raines Dean 314633 0 0 0 762 0 13500 0 13114 0 342009 0 0 0 Douglas Jay Howard Dean 209389 0 0 0 685 0 0 0 16636 0 226710 0 0 0 Philip Johnston Dean 288985 0 0 0 1051 0 10961 0 15203 0 316200 0 0 0 Richard Byrd Men's Basketball Coach 847612 0 52500 0 80396 0 13500 0 16353 0 1010361 0 0 0 Jeffrey Kinsler Professor 248271 0 0 0 215 0 12590 0 9878 0 270954 0 0 0 Scott Corley Athletic Director 225392 0 0 0 90 0 5906 0 17418 0 248806 0 0 0 D Lee Warren Professor 217030 0 0 0 396 0 8788 0 7111 0 233325 0 0 0 Jeffrey Cornwall Director-Center for Entreprenuership 215210 0 0 0 396 0 11016 0 14232 0 240854 0 0 0 Schedule J, Part I, Line 1a Travel for companions TRAVEL WAS PROVIDED ONCE DURING THE FISCAL YEAR FOR THE PRESIDENT'S SPOUSE. SHE ACCOMPANIED HIM ON ONE TRIP WHILE HE WAS ON UNIVERSITY RELATED BUSINESS. THIS WAS TREATED AS NON-CASH TAXABLE COMPENSATION TO THE PRESIDENT AND WAS INCLUDED ON HIS W2. Schedule J, Part I, Line 1a Housing allowance or residence for personal use Todd Lake, VP for Spiritual Development, receives a qualified minister allowance in the amount of $6,800 per month. This amount is removed from taxable income on his annual W-2. Schedule J, Part I, Line 1a Health or social club dues or initiation fees The university pays an annual golf club membership on behalf of its head basketball coach. The membership is not currently being treated as taxable compensation to the basketball coach. Schedule J, Part I, Line 4b Supplemental nonqualified retirement plan Dr. Robert Fisher, University President, participates in a supplemental non-qualified retirement plan. In FY 2018, no additional accruals were contributed to his plan per his contract. Also, Rick Byrd, men's basketball coach, received a supplemental $80,000 in deferred pay that vested and was paid out during the year. A HEALTH AND EDUCATIONAL FACILITIES BOARD OF THE METROPOLITAN GOVERNMENT OF N ASHVILLE AND DAVIDSON COUNTY TN (2012A) 626139016 2012-05-30 50900000 REFUNDING BOND ISSUE false false false B HEALTH AND EDUCATIONAL FACILITIES BOARD OF METROPOLITAN GOVERNMENT OF NASHV ILLE AND DAVIDSON COUNTY TENNESSEE 626139016 592041TS6 2012-05-30 59162825 CONSTRUCTION OF CAMPUS FACILITIES false false false A 37000000 0 50900000 0 0 0 0 0 0 50900000 0 true false true true B 9974622 0 59162825 0 0 559269 0 0 48545280 10058276 0 2013 true false true true A false false false false 0.0 false false false B false false false false 0.0 false false false A false false true false true false false false false B false false true false true false false false false A false B false SEE PART V N/A 96907 DISCOUNTED TUITION SEE PART V N/A 9000 SCHOLARSHIP Schedule L, Part III GRANTS OR ASSISTANCE BENEFITING INTERESTED PERSONS COLLEGES, UNIVERSITIES, AND PRIMARY AND SECONDARY SCHOOLS ARE NOT REQUIRED TO IDENTIFY INTERESTED PERSONS TO WHOM THEY PROVIDED SCHOLARSHIPS, FELLOWSHIPS, AND SIMILAR FINANCIAL ASSISTANCE. PURSUANT TO THE INSTRUCTIONS TO FORM 990, SCH L, PART III, COLUMNS(A) AND (B) HAVE BEEN LEFT BLANK. X 5150 Market value X 3 5805837 Market value X 1 70885 Market value false true false Schedule M, Part I Explanations of reporting method for number of contributions Real estate - Residential - The organization is reporting the number of contributions. Securities - Publicly traded - Number of contributions Form 990, Part VI, Line 15b COMPENSATION OF OTHER OFFICERS AND KEY EMPLOYEES PROCESS FOR DETERMINING OTHER OFFICERS AND KEY EMPLOYEES COMPENSATION: THE HUMAN RESOURCE DIRECTOR OBTAINS REGIONAL AND NATIONAL DATA ON COMPARABLE COMPENSATION OF SIMILAR POSITIONS AND SKILL LEVEL. THE COMPENSATION IS THEN REVIEWED BY THE SEARCH COMMITTEE WITH FINAL APPROVAL BY THE PRESIDENT OF THE UNIVERSITY. DOCUMENTATION OF THE PROCESS AND RESULTS IS KEPT IN HUMAN RESOURCES. THIS PROCESS WAS LAST CONDUCTED IN FY 2014. SINCE THIS PROCESS WAS NOT DONE DURING FY18, THIS QUESTION HAS BEEN MARKED "NO" IN ACCORDANCE WITH IRS INSTRUCTIONS. Form 990, Part VI, Line 15a PRESIDENTS COMPENSATION PROCESS FOR DETERMINING PRESIDENT'S COMPENSATION: THE HUMAN RESOURCE DIRECTOR OBTAINS REGIONAL AND NATIONAL DATA ON COMPARABLE COMPENSATION OF SIMILAR POSITIONS AND SKILL LEVEL. COMPENSATION IS THEN REVIEWED BY THE SEARCH COMMITTEE WITH FINAL APPROVAL BY THE BOARD OF TRUSTEES. DOCUMENTATION OF THE PROCESS AND RESULTS IS KEPT IN HUMAN RESOURCES. THIS PROCESS WAS LAST CONDUCTED IN FY 2016. SINCE THIS PROCESS WAS NOT DONE DURING FY18, THIS QUESTION HAS BEEN MARKED "NO" IN ACCORDANCE WITH IRS INSTRUCTIONS. Form 990, Part VI, Line 1a Delegate broad authority to a committee Article VI, Section 1: The executive committee shall have and exercise the authority of the Board of Trustees in the management of the Corporation during the interim between the meetings of the Board of Trustees. In addition, the committee shall be responsible for coordinating with and advising the president on strategic issues affecting the University. Form 990, Part VI, Line 2 Family/business relationships amongst interested persons ANN RUSSELL AND JOE RUSSELL - Family relationship Form 990, Part VI, Line 5 Diversion of organization assets OVER THE COURSE OF A THREE WEEK PERIOD IN FY18, A FEW WIRE TRANSFERS WERE PROCESSED USING FRAUDULENT BANKING INFORMATION. THIS WAS ACCOMPLISHED VIA "SOCIAL PROFILING" WHERE AN EMPLOYEE'S EMAIL ADDRESS WAS ACCESSED VIA A MALICIOUS THIRD PARTY, WHO THEN POSED AS THE EMPLOYEE TO MAKE THE FRAUDULENT WIRE REQUESTS. THIS PROCESS WAS DISCOVERED INTERNALLY. A POLICE REPORT WAS FILED, AND A FULL I.T. INVESTIGATION ENSUED, ALONG WITH AN INTERNAL AUDIT INVESTIGATION AND REPORT. CORRECTIVE ACTIONS INVOLVED ADDING ADDITIONAL INTERNAL CONTROL STEPS AND ENHANCED DOCUMENTATION, PHONE CALL FOLLOW-UP WITH WIRE REQUESTER, ETC. EXTERNAL AUDITORS HAVE REVIEWED INTERNAL CONTROL PROCEDURES AND CONCUR WITH ENHANCED PROCESS. Form 990, Part VI, Line 11b Review of form 990 by governing body THE FORM 990 IS REVIEWED BY THE CHIEF FINANCIAL OFFICER, WITH COPIES MARKED "DRAFT" AND THEN SUBMITTED ELECTRONICALLY TO EACH MEMBER OF THE AUDIT COMMITTEE OF THE BOARD FOR REVIEW AND COMMENT. THE RETURN IS FORMALLY SUBMITTED UPON COMPLETION OF REVIEW. Form 990, Part VI, Line 12c Conflict of interest policy COMPLIANCE WITH THE ORGANIZATION'S CONFLICT OF INTEREST POLICY IS MONITORED ANNUALLY. UPDATED FORMS ARE REVIEWED BY THE CHIEF FINANCIAL OFFICER AND THE OFFICE OF INSTITUTIONAL EFFECTIVENESS. ALL INTERESTED PERSONS SHALL DISCLOSE TO THE BOARD ANY POSSIBLE CONFLICTS OF INTEREST. IN THE EVENT OF A CONFLICT, THE TRUSTEE OR OFFICER SHALL ABSENT HIM OR HERSELF FROM DISCUSSIONS OF, AND ABSTAIN FROM VOTING ON, SUCH MATTERS UNDER CONSIDERATION BY THE BOARD OF TRUSTEES OR ITS COMMITTEES. Form 990, Part VI, Line 19 Required documents available to the public Financial statements, governing documents, and conflict of interest policies are not required disclosures pursuant to Internal Revenue Code (IRC) Section 6104. These documents are not available to the public at this time. Form 990, Part VIII, Line 2f Other Program Service Revenue Athletics - Total Revenue: 2200430, Related or Exempt Function Revenue: 2200430, Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: ; Form 990, Part VIII, Line 11d Other Miscellaneous Revenue Interest Income - Total Revenue: 266952, Related or Exempt Function Revenue: 266952, Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: ; Trust Income - Total Revenue: 7193, Related or Exempt Function Revenue: 7193, Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: ; Other - Total Revenue: 57930, Related or Exempt Function Revenue: 57930, Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: ; Form 990, Part XI, Line 9 Other changes in net assets or fund balances CHANGE IN VALUE OF INTEREST RATE SWAPS - 751781; CHANGE IN VALUE OF ANNUITIES - -318373; CHARITABLE REMAINDER TRUST (1) 1900 Belmont Blvd Nashville TN 37212 INVESTMENTS TN NA Trust true TAHI LTD 1900 BELMONT BLVD NASHVILLE TN 37212 620941784 DEVELOPMENT OF CAMPUS FACILITIES TN BELMONT UNIVERSITY S Corporation 0 17842 true false false false false false false false false false false false false false false false false false false false