2018-05-15T07:48:38-05:00 2017-06-30 363990892 Capin Crouse LLP 2435 Research Parkway STE 200 Colorado Springs CO 80920 990 2016-07-01 620497990 Trevecca Nazarene University TREV 6152481200 333 Murfreesboro Rd Nashville TN 37210 David B Caldwell Exec. V.P. for Fin. & Admin. 6152481200 2018-05-15 1 David C Moja P00747006 7195286225 2016 2022-09-23 18:48:47Z Dr Dan Boone 333 Murfreesboro Rd Nashville TN 37210 68178021 0 X www.trevecca.edu X 1935 TN Trevecca Nazarene University is a private, co-educational, Christian liberal arts university. 37 36 1147 36 0 0 5890784 4198272 52224697 59963598 1324418 1122648 13148 162722 59453047 65447240 13819262 14754513 0 0 23689842 26434127 32000 0 852070 20415049 22690407 57956153 63879047 1496894 1568193 102184645 112187512 32430998 37333013 69753647 74854499 X Trevecca Nazarene University is a private, coeducational, Christian liberal arts university. The university exists to carry out the educational mission of the church by means of academic programs that promote scholarship, critical reflection, (continued on Schedule O) thoughtful worship, and the preparation of students for lives of meaningful service in various careers. 0 0 32484218 14754513 52170927 Instruction and Student Aid: Trevecca Nazarene University is a comprehensive, fully accredited, Christian university offering undergraduate, master's and doctoral degrees. The University offers a variety of baccalaureate majors, master's degrees in the fields of business, science, education, counseling, religion, organizational leadership, and library and information sciences. The University also currently offers two doctoral degrees. (continued on Schedule O)Instruction and Student Aid, continued: Total enrollment for the University increased 12.4% compared to the prior year from 3,221 to 3,620 total students. For the first time in its history total traditional undergraduate enrollment is over 1,400! The University also recruited its largest first-time-freshman class to date. Trevecca awards institutional, state, and federal financial aid assisting students in developing a plan for meeting their educational expenses. The Office of Financial Aid provides guidance and resources to help students and their families bridge the gap between a student's potential resources and the University's costs. The percentage of traditional undergraduate students receiving financial aid from any source was 94%. 18746208 0 7442280 Student Services:CLCS (Center for Leadership, Calling, and Services) provides students with programs to accompany their college career at all stages. From Freshmen LEAP groups to career development counseling and internship programs, career services in the CLCS has everything students need to succeed. Career Services also offers job-search related strategy workshops, career exploration events, resume and interviewing education, mock interviews, business and etiquette dinners, assistance with graduate school admissions, career fairs, job postings and job referrals. (continued on Schedule O)Student Services, continued: The University also placed increased emphasis on the School of Graduate and Continuing Studies (SGCS) and the University's online degree programs. The SGCS offers degrees of all academic levels built for students in all facets of life. The SGCS awards 13 degrees, with 26 majors embedded in the 13 degrees, and 16 minors within the majors. Twenty-six academic offerings are now offered fully online.The University also unveiled a new campaign to publicize the online degree program. Using advertisements on billboards, radio, and other outlets, the University pointed potential students to Trevecca Online. Other student services areas:Counseling CenterITS (Information Technology Services)Registrar Student Development SecurityTNU BookstoreLibrary 3706106 0 350391 Academic Support:Trevecca provides support to the academic functions across campus through the functions of the Office of the Provost, Office of the Academic Dean, Office of Institutional Research, the Center for Leadership, Calling and Service, the Center for Teaching and Learning, the Library, and the Center for Online Learning. 54936532 1 1 0 0 0 0 0 0 1 1 1 0 0 0 1 1 0 1 1 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 1 0 1 0 1 0 0 0 1 1 0 0 0 1 4814 0 1 1147 1 0 0 0 0 0 1 1 0 0 0 0 X 37 36 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 TN X David Caldwell- Exec VP of Finance 6152481200 333 Murfreesboro Road Nashville TN 37210 Dan Boone President 40.00 X X 81582 0 120805 Dwight Gunter Board Chairman 1.00 X X 0 0 0 Eddie Estep Board Vice Chair 1.00 X X 0 0 0 Julette Carter Board Secretary 1.00 X X 0 0 0 Sandy Aldridge Trustee 1.00 X 0 0 0 Mark Berry Trustee 1.00 X 0 0 0 Daniel Bradshaw Trustee 1.00 X 0 0 0 Lamar Brantley Trustee 1.00 X 0 0 0 Lee Brumfield Trustee 1.00 X 0 0 0 Joey Brummett Trustee 1.00 X 0 0 0 Steve Clayton Trustee 1.00 X 0 0 0 Larry Dennis Trustee 1.00 X 0 0 0 Ron DeWitt Trustee 1.00 X 0 0 0 John Reese Dunn Jr Trustee 1.00 X 0 0 0 Matt Friedeman Trustee 1.00 X 0 0 0 Marquita Hicks Trustee 1.00 X 0 0 0 Kemp Higginbotham Trustee 1.00 X 0 0 0 Teresa Hodge Trustee 1.00 X 0 0 0 Larry Leonard Trustee 1.00 X 0 0 0 Scott Lowry Trustee 1.00 X 0 0 0 Greg Mason Trustee 1.00 X 0 0 0 Mike McAdory Trustee 1.00 X 0 0 0 Ronald McCormack Trustee 1.00 X 0 0 0 Bill McDaniel Trustee 1.00 X 0 0 0 Dennis Moore Trustee 1.00 X 0 0 0 Wendel Nixon Trustee 1.00 X 0 0 0 John Paul Trustee 1.00 X 0 0 0 Brian Powell Trustee 1.00 X 0 0 0 Tim Pullin Trustee 1.00 X 0 0 0 Roy Rogers Trustee 1.00 X 0 0 0 Andy Rutherford Trustee 1.00 X 0 0 0 Don Smith Trustee 1.00 X 0 0 0 Greg Story Trustee 1.00 X 0 0 0 Morris Stocks Trustee 1.00 X 0 0 0 James Taylor II Trustee 1.00 X 0 0 0 Marc Vann Trustee 1.00 X 0 0 0 Brian Wilson Trustee 1.00 X 0 0 0 Herb Modesitt Part Year Trustee 1.00 X 0 0 0 Jerry Porter Part Year Trustee 1.00 X 0 0 0 David Caldwell EVP of Finance 40.00 X 163143 0 32439 Stephen Pusey Provost 40.00 X 86187 0 66800 Holly Whitby ASC Provost - Dean of Enrollment 40.00 X 128351 0 12092 Samuel Green Director of Worship Arts 40.00 X 123447 0 6129 Mark Hosny Director NPW 40.00 X 121278 0 22820 Bret Reeves Director Grad PA 40.00 X 118585 0 6768 Stephen Harris ASC Provost - Dean of Students 40.00 X 115217 0 8603 937790 0 276456 9 0 1 0 American Constructors PO Box 120129 Nashville TN 37212 Construction services 3805632 Pioneer College Caterers Inc 303 Glenrose Avenue Nashville TN 37210 Student food services 2140546 Tree of Life Bookstores Inc 4601 S Western Avenue Marion IN 46953 Bookstore services 1651132 Case Cleaning Company PO Box 171053 Nashville TN 37217 Specialty cleaning/recovery 1014098 Belmont University 1900 Belmont Boulevard Nashville TN 37212 Student instruction 782050 26 39318 287348 3871606 115018 4198272 Tuition and fees 611710 52170927 52170927 Auxiliary enterprises 611710 7442280 7442280 Other program revenue 611710 350391 350391 59963598 650890 650890 276990 117307 159683 159683 159683 3072334 2151 2253149 349578 819185 -347427 471758 471758 13786 39318 10747 3039 3039 65447240 59963598 0 1285370 14754513 14754513 592938 592938 157970 157970 21449910 16986991 3931370 531549 831570 696979 107575 27016 1965379 1667614 252228 45537 1436360 1189064 210384 36912 38458 38458 56161 56161 169482 169482 538353 220832 238172 79349 2106987 1627421 479404 162 1134244 659540 397182 77522 960940 186723 768119 6098 4799947 4398415 401532 551599 423357 108054 20188 111458 94287 14846 2325 185542 183687 1855 3360086 3326485 33601 7133 7133 Miscellaneous expenses 5461658 5426029 10296 25333 Food service 1853166 1853166 Tuition remission 796230 788268 7962 Instructional materials 354362 354362 204601 91666 112856 79 63879047 54936532 8090445 852070 2145265 2761028 5054575 0 2518685 3261132 402805 0 521785 312411 102927466 26732142 62929929 76195324 25274745 26217925 31860 33521 2430329 2516737 874667 889434 102184645 112187512 2955639 3050008 1292204 1895103 17740000 16710000 702333 764903 4179087 10401362 5561735 4511637 32430998 37333013 X 46147869 48582037 8272898 10581036 15332880 15691426 69753647 74854499 102184645 112187512 X 1568193 2686513 846146 X X 0 1 X 1 1 1 X 3537526 4622316 4106026 5890784 4198272 22354924 3537526 4622316 4106026 5890784 4198272 22354924 1226963 21127961 1168509 892594 836239 812972 1204870 4915184 9800 9860 12203 12460 13787 58110 27328218 249914767 0.77310 0.77240 X Schedule A, Part II, Line 10, Explanation of Other Income: Fundraising events - 2012 Amount: $ 9,800. 2013 Amount: $ 9,860. 2014 Amount: $ 12,203. 2015 Amount: $ 12,460. 2016 Amount: $ 13,787. 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 0 1 X 24364233 380596 3620017 1031034 27333812 25376367 451653 -435834 1027953 24364233 26350249 359004 959153 886217 1405822 25376367 22066833 1124681 4116450 957715 26350249 20113659 1178983 1761805 987614 22066833 0.09210 0.57410 0.33380 0 0 5252319 5252319 10605788 74765875 22614247 62757416 8706332 688154 8018178 3597152 3429741 167411 76195324 Deposits held in custody 276048 Refundable loan programs 1714934 Derivative contract 1132429 Annuity liability 697338 Life use obligation 354647 Capital lease obligation 336241 4511637 X 54079331 2686513 -13908367 -11221854 65301185 169482 -23427 146055 65447240 48978479 23427 23427 48955052 169482 14754513 14923995 63879047 Part IV, Line 2b: Deposits held in custody represent two endowments that TNU holds and administers for other organizations. TNU does not benefit from these endowments, and they are reported as an asset with a corresponding liability. Part V, Line 4: Trevecca Nazarene University's endowment exists mainly to provide scholarships for students. Secondarily, a small portion of the fund exists to provide funding to an endowed chair position in the religion department and another small portion supports the maintenance of the student center. Part X, Line 2: The financial statement effects of a tax position taken or expected to be taken are recognized in the financial statements when it is more likely than not, based on technical merits, that the position will be sustained upon examination. Interest and penalties, if any, are included in expenses in the statements of activities. As of June 30, 2017 and 2016, the University had no uncertain tax positions that qualify for recognition or disclosure in the financial statements. The University files information tax returns in the U.S. and various states. The University is generally no longer subject to U.S. federal and state income tax examinations by tax authorities for years before 2014. The University files information tax returns in the U.S. and various states. The University is generally no longer subject to U.S. federal and state income tax examinations by tax authorities for years before 2011. Part XI, Line 2d - Other Adjustments: Change in the value of derivatives 831,379. Student scholarships netted with tuition revenue -14,754,513. Change in value of split-interest agreements 14,767. Part XI, Line 4b - Other Adjustments: Special fundraising events expense included on Part VIII, line 8b -10,747. Rental expenses included on Part VIII, line 6b -12,680. Part XII, Line 2d - Other Adjustments: Special fundraising expense included on Part VIII, Line 8b 10,747. Rental expense included on Part VIII, line 6b 12,680. Part XII, Line 4b - Other Adjustments: Student scholarships netted with tuition revenue 14,754,513. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 Schedule E, Part I, Line 3 Nondiscrimination policies are included in all materials available to the public. Schedule E, Part I, Line 6 The university receives governmental support to aid students needing educational assistance. Business Professionals Event 22800 18090 4710 3564 453 Trojan Booster Golf Scramble 17342 14940 2402 2720 387 566 1 12962 6288 6674 2724 333 53104 39318 13786 2724 2720 3951 1352 10747 3039 1 Student Scholarships & Financial Aid 1530 14754513 Part I, Line 2: Scholarship recipients are selected based on established merit and need-based criteria. The Financial Aid Director and Academic Department Heads work together to select institutional scholarship recipients. Qualifications for scholarships vary. All scholarships are monitored by the Financial Aid Department. X 1 1 X X X 0 0 0 0 0 0 0 0 0 Dan Boone President 81582 0 0 0 0 0 12669 0 108942 0 203193 0 0 0 David Caldwell EVP of Finance 163143 0 0 0 0 0 10373 0 22872 0 196388 0 0 0 Stephen Pusey Provost 86187 0 0 0 0 0 11152 0 56453 0 153792 0 0 0 Part I, Line 1a A Section 107 minister's housing allowance was provided to the President, Dr. Dan Boone, and to the Provost, Dr. Stephen Pusey. This benefit was treated as nontaxable compensation. A Facilities Board of the Metropolitan Government of Nashville Tennessee 620613016 2009-07-30 12590000 Consolidate two outstanding bond issues; add'l funding for building remodel 0 0 0 B Facilities Board of the Metropolitan Government of Nashville Tennessee 620613016 2010-12-22 10000000 Renovation project 0 0 0 A 12590000 12590000 2010 1 0 1 1 B 10000000 837093 36842 9126065 2012 1 0 1 1 A 0 0 1 0 0 0 0 1 B 0 0 1 0 0 0 0 1 A 0 0 1 0 1 1 Suntrust Bank 20.000000000000 0 0 0 0 1 B 0 0 1 0 1 1 Suntrust Bank 20.000000000000 0 0 0 0 1 A 0 B 0 93124 Financial aid/scholarships Financial assistance for tuition Brent Tallman Family member of Dr. Dan Boone, President 43017 W-2 wages and benefits 0 0 Gail Pusey Family member of Dr. Stephen Pusey, Provost 49533 W-2 wages and benefits 0 Andrea Fowler Family member of Dr. Stephen Pusey, Provost 55819 W-2 wages and benefits 0 X 1052 FMV X 5 67510 FMV X 1 1875 FMV X 3 2805 FMV X 1 586 FMV X Seatbacks for baseball stands 1 25000 FMV X Musical instruments 2 8250 FMV X Lab equipment 1 5000 FMV X Urban farm supplies 2 2940 FMV 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 VI, Section A, line 1 The Executive Committee shall be composed of the President of the University, the Chair of the Board, the Vice-Chair of the Board, and the Secretary of the Board - all of whom shall serve ex officio - and nine additional members. The Executive Committee shall act for the Trustees in all matters not otherwise provided for in the interim between meetings, and shall care for all other duties as may be assigned to them by the entire Board of Trustees and shall through its secretary report all business transactions to the meetings of the Board of Trustees. Form 990, Part VI, Section B, line 11b The Form 990 is prepared by an independent CPA firm and reviewed in detail by the V.P. of Finance and Administration. The reviewed Form 990 is then forwarded to the Audit Committee prior to filing. Form 990, Part VI, Section B, line 12c Board members and employees shall be required to file on an annual basis a Disclosure and Compliance Statement disclosing their personal interest, direct or indirect, in any University transaction during the previous year and affirming that (i) the Employee has read Trevecca Nazarene University's Conflict of Interest Policy, and (ii) the Employee will avoid participating in any University decision in which the Employee or any affiliate could be said to have any personal financial or other stake in the decision or where other outside influences could influence the Employee's independent judgment. Copies of all Disclosure and Compliance Statements are reviewed by the VP of Finance and kept as a matter of record in the Human Resources Department. If a conflict were to arise during the course of a board meeting, the individual with the potential conflict would abstain from voting. Form 990, Part VI, Section B, line 15 The President's compensation is reviewed by the Board's compensation committee in light of the annual compensation survey. The audit committee reviews the compensation of the other officers annually. They use compensation surveys to determine if pay is reasonable and in-line with similar organizations. This process is documented in the board/committee minutes upon approval. Form 990, Part VI, Section C, line 19 Trevecca Nazarene University 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 derivative contract 831,379. Change in value of split-interest agreements 14,767. Form 990, Part XII, Line 2c The University's Audit Committee assumes responsibility for oversight of the audit of its financial statements and selection of its independent accountant. This process has not changed since the prior year. 101 Factory Street LLC 333 Murfreesboro Road Nashville TN 37210 620497990 Property development TN 0 966058 Trevecca Nazarene University 303 Murfreesboro Road LLC 333 Murfreesboro Road Nashville TN 37210 620497990 Property development TN 115870 0 Trevecca Nazarene University 411 Woodycrest LLC 333 Murfreesboro Road Nashville TN 37210 812607757 Property development TN 66000 480000 Trevecca Nazarene University 195 Polk LLC 333 Murfreesboro Road Nashville TN 37210 620497990 Property development TN 0 4502835 Trevecca Nazarene University Charitable Remainder Unitrust (1) Charitable Remainder Unitrust TN Trevecca Nazarene University 0 Beneficial Interest in Trust (1) Beneficial Interest in Trust TN Trevecca Nazarene University 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0