2019-05-13T16:15:31-07:00 2018-06-30 990 2017-07-01 541061178 REGENT UNIVERSITY REGE 7573524050 1000 Regent University Drive Virginia Beach VA 23464 Stephen Bruce VP of Business Administration 7573524429 2019-05-14 216.54.92.24 2017 2019-02-21 02:37:17Z Stephen Bruce 1000 Regent University Drive Virginia Beach VA 23464 206437452 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 15 1993 38 246988 -786789 1502042 1613515 121396665 131077303 -437586 10893457 323002 275755 122784123 143860030 22978921 25302198 0 0 67363985 71799777 0 0 2277253 55884825 64549532 146227731 161651507 -23443608 -17791477 217296796 192747105 137257432 135255050 80039364 57492055 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 132093969 25276398 118956095 Instruction - Schools of Communication & the Arts, Business & Leadership, Education, Psychology & Counseling, Divinity, Law, Government and College of Arts and Sciences. Includes Academic Support, Student Services, Scholarships, Auxiliaries & Academic Affairs. 1,223 Graduate degrees, 576 Undergraduate degrees and 21 Associate degrees were awarded in 2017-2018. (10,480 students) 9852615 0 12116642 Hospitality Services - Hotel and conference center providing conference services, food and beverage services, banquets and other various hospitality services. 0 0 0 141946584 1 1 0 0 0 0 0 0 0 1 1 1 1 0 0 1 0 1 1 0 0 0 1 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 14407 0 1993 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 18 15 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 7573524050 1000 Regent University Dr Virginia Beach VA 23464 Dianne Cash Board Member 1 0 X 0 0 0 Chauncey W Crandall Board Member 1 0 X 0 0 0 William Federer Board Member 1 0 X 0 0 0 Kay Peng Khoo Board Member 1 0 X 0 0 0 Thomas J Knox Jr Board Member 1 0 X 0 0 0 Robert E Levy Board Member 1 0 X 0 0 0 Howard Long 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 G Conoly Phillips Board Member 1 0 X 0 0 0 AE Dede Robertson Board Member 1 0 X 0 0 0 M G Robertson Chancellor-CEO 20 20 X X 2036 44268 172936 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 Phillip D Walker Board Member 1 0 X 0 0 0 Jennifer Whitelaw Board Member 1 0 X 0 0 0 Gerson Moreno-Riano Executive Vice President for Academic Affairs 40 0 X 410598 0 40529 Louis A Isakoff Vice President and General Counsel 40 0 X 351276 0 43774 Sherry R Miller Vice President for Univ Marketing & Public Relations 40 0 X 285434 0 25997 Joseph Umidi Executive Vice President for Student Life 40 0 X 259797 0 26793 Martha J Smith Vice President for Human Resources & Administration 40 0 X 258308 0 33187 Ann R LeBlanc Vice President for Advancement 40 0 X 207500 0 35411 Dean A Wooten Vice President for Finance 40 0 X 169247 0 33534 Michael Hernandez Dean - Law School 40 0 X 249245 0 29657 Doris Gomez Dean - Business 40 0 X 196500 0 31906 John E Mulford Professor - Business 40 0 X 190997 0 34315 William L Hathaway Dean - Psychology/Counseling 40 0 X 177547 0 20976 Douglas H Cook Associate VP Academic Affairs 40 0 X 176496 0 36686 Robert Owen Former Chief Financial Officer 0 0 X 345043 0 41104 3280024 44268 606805 69 1 1 0 Google Inc Dept 33654 PO Box 39000 San Francisco CA 94139 Advertising Services 10288667 Becker Media Inc 144 Linden St Oakland CA 94607 Ad and Marketing Consultants 3857300 Christian Broadcasting Network 977 Centerville Turnpike Virginia Beach VA 23464 Facility Services/Security 3343168 Facebook Inc 15161 Collections Center Dr Chicago IL 60693 Advertising Services 4317842 Double Positive Marketing Group 62865 Collection Center Dr Chicago IL 606930628 Advertising Services 4278743 26 0 0 0 0 171406 1442109 5128 1613515 Tuition & Fees 611310 113154022 113154022 0 0 Sales & Services - Auxiliary 611710 5093420 5093420 0 0 Sales & Services - Educational 611710 20903 20903 0 0 Miscellaneous 611710 692316 692316 0 0 Hotel Food & Beverage Service 721110 12116642 12116642 0 0 0 0 0 0 131077303 1988280 0 21871 1966409 71702 0 0 71702 61873 0 0 61873 5472 2083 0 0 5472 2083 7555 0 5472 2083 71410897 0 62577422 0 8833475 0 8833475 0 -25511 8858986 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Bookstore Commissions 451211 245156 0 245156 0 Chg Value Split Interest Agreement 523999 -38829 0 0 -38829 0 0 0 0 206327 143860030 131077303 246988 10922224 3000 3000 25276398 25276398 22800 22800 0 0 1871683 550823 1063056 257804 0 0 0 0 56101643 46794948 8512713 793982 1291172 1045573 218870 26729 8329120 9222507 -1119268 225881 4206159 3420007 708971 77181 0 0 0 0 136861 325 134771 1765 125800 0 125800 0 0 0 0 0 0 0 0 0 0 0 6419044 4271109 1785986 361949 26179911 25674664 499528 5719 3017783 2022849 760910 234024 4103727 2373619 1730105 3 6472 6472 0 0 11154582 10586989 512521 55072 1043025 866536 72423 104066 0 0 0 0 63103 54462 8220 421 627599 564648 62951 0 0 0 0 0 6117000 5322130 746350 48520 506890 36155 470735 0 Hotel Services & Support 2564980 2136780 428200 0 Repairs & Maintenance of Equipment 1255521 657883 585554 12084 Miscellaneous Expenses 777541 629211 147478 852 Hospitality 449693 406696 -28204 71201 161651507 141946584 17427670 2277253 47842 52402 1265774 2025236 40515 7695 1375684 -74999 0 0 0 0 0 0 82074 96788 1217121 1295835 223336262 124226187 102380202 99110075 79773424 66281374 20552903 13991086 10561257 9961613 0 0 0 0 217296796 192747105 13002781 11705200 0 0 925041 886789 85853630 85187081 0 0 0 0 37475980 37475980 0 0 0 0 137257432 135255050 X 55116546 31825527 4298140 4595978 20624678 21070550 80039364 57492055 217296796 192747105 X -17791477 -4961066 0 0 0 205234 X 0 1 1 1 1 X 101071000 385000 4216000 0 25500000 0 80172000 105890000 146000 11035000 0 16000000 0 101071000 138093000 423000 -16126000 0 16500000 0 105890000 149612000 249000 363000 0 21500000 0 128724000 156570000 170000 11938000 0 19066000 0 149612000 0.72 0.27 0.01 0 0 0 8277883 8277883 0 130681100 52085796 78595304 0 1713145 1583483 129662 0 82006893 70556908 11449985 0 657241 0 657241 99110075 Venture Capital 4386021 F Hedge Funds 7798017 F Commodities 1802390 F Real Estate 4658 F 13991086 Annuities 1484114 F Fixed Income Bonds 8477499 F 9961613 0 X 113751000 -4961066 0 0 -458964 -5420030 119171030 0 24689000 24689000 143860030 137031000 0 0 0 403493 403493 136627507 0 25024000 25024000 161651507 Schedule D, Part V, Line 4 Regent University's endowment consists of approximately 115 individual funds established for a variety of purposes all relating to the University's overall exempt 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 $459,000 which is the change in loss attributable to Frio Energy which is reflected on a separate return. Add back $36 which is due to rounding. Schedule D, Part XI, Line 4b Add institutional scholarships of $24,689,000 which are included in expenses for the 990. Schedule D, Part XII, Line 2d Subtract $404,000 which are the net expenses and change in gain/loss for Frio Energy reflected on a separate return. Add back $507 for rounding purposes. Schedule D, Part XII, Line 4b Add institutional scholarships of $24,689,000 which are included in expenses for the 990. Add $365,000 for Henrico, Inc. which are net expenses reflected on a separate tax return. 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. Internship Program East Asia and the Pacific 6 22800 wire transfer 0 FMV 0 0 0 0 0 0 1 Scholarships for students at Regent University 7526 25147301 0 FMV Cash stipends given to student interns working with legal organizations combatting human sex trafficking and other human rights issues. 26 128672 0 FMV Various cash stipends given to students from restricted funds for specific student groups 52 13925 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 package is on file at the University and is available upon request. X X X 1 1 X X X 0 0 0 0 0 0 0 1 0 Gerson Moreno-Riano Executive Vice President for Academic Affairs 261133 0 149465 0 0 0 7994 0 32535 0 451127 0 0 0 Louis A Isakoff Vice President and General Counsel 313906 0 37370 0 0 0 9428 0 34346 0 395050 0 0 0 Sherry R Miller Vice President for Univ Marketing & Public Relations 211099 0 74335 0 0 0 6395 0 19602 0 311431 0 0 0 Joseph Umidi Executive Vice President for Student Life 209262 0 50535 0 0 0 6273 0 20520 0 286590 0 0 0 Martha J Smith Vice President for Human Resources & Administration 213533 0 44775 0 0 0 6273 0 26914 0 291495 0 0 0 Ann R LeBlanc Vice President for Advancement 207500 0 0 0 0 0 6526 0 28885 0 242911 0 0 0 Dean A Wooten Vice President for Finance 169247 0 0 0 0 0 5177 0 28358 0 202782 0 0 0 Michael Hernandez Dean - Law School 249245 0 0 0 0 0 7491 0 22166 0 278902 0 0 0 Doris Gomez Dean - Business 196500 0 0 0 0 0 6090 0 25816 0 228406 0 0 0 John E Mulford Professor - Business 190997 0 0 0 0 0 5730 0 28585 0 225312 0 0 0 William L Hathaway Dean - Psychology/Counseling 168262 0 0 0 9285 0 5329 0 15647 0 198523 0 0 0 Douglas H Cook Associate VP Academic Affairs 176496 0 0 0 0 0 5206 0 31480 0 213182 0 0 0 Robert Owen Former Chief Financial Officer 307673 0 37370 0 0 0 9410 0 31695 0 386148 0 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, 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 all the deliberation and decision making process. Furthermore, when Regent University hires a new officer or vice president, it will ensure that all compensation is reasonable compared to similar positions of responsibility at other institutions. Schedule J, Part I, Line 7 Any non-fixed payments were figured based on employees meeting performance goals. A Virginia College Building Activity 541249154 927781BS2 2006-08-09 99473248 Refunding of existing bonds (June 01) and construction of dorms 0 0 0 A 0 8400000 99473248 8544084 0 6845955 1142743 0 0 22970466 0 0 2007 0 1 1 1 A 0 0 1 1 0 0.01 0 0.01 0 0 1 A 1 0 0 1 Wachovia Bank NA 30 1 0 1 A 1 Ruby Moreno Family of Exec VP for Academic Affairs 50375 Employee compensation 0 Shana Sandin Family of VP of HR & Administration 40561 Employee compensation 0 Victoria Cole Family of Exec VP of Academic Affairs 20195 Employee compensation 0 Tova Sandin Family of VP of HR & Administration 26782 Employee compensation 0 Gary LeBlanc Family of VP of Alumni Relations and Special Events 46200 Independent Contract 0 Form 990, Part VI, Section A, Line 2 Jay Sekelow, board member, works for an organization founded by MG Pat Robertson, Chancellor and CEO of Regent University. AE Dede Robertson, board member, is married to MG Pat Robertson, Chancellor and CEO of Regent University. Ann LeBlanc serves as Vice President of Alumni Relations and Special Events and is the daughter of MG Pat Robertson and AE Dede Robertson. 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 conflict is noted, the officer, director or trustee will recuse themselves from voting during any 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 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, 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 president, 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. Form 990, Part XI, Line 9 Add 201,234 to reflect the change in gain/loss recorded for Frio Energy in the combined audited financial statements as part of the Regent University endowment but reflected on a separate tax return for Frio Energy. Founders Conference Center LLC 1000 Regent University Dr Virginia Beach VA 23464 541992893 Hospitality Services VA 12655000 3009000 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 1 1 0 1 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 filed and approved till May 15 2019