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LIBERTY UNIVERSITY INC: Form 990, tax year 2016

View the entire original 990 at ProPublica ↗

Organization
LIBERTY UNIVERSITY INC (EIN 54-0946734)
Tax period
2016-07-01 to 2017-06-30
Filed
2018-05-15
IRS object ID
201831359349310908
Schema version
2016v3.0
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2018-05-15T15:46:40-05:00ReturnTs
Tax Period End2017-06-30TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN560747981PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1DIXON HUGHES GOODMAN LLPBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1901 EAST CARY STREET SUITE 1000AddressLine1Txt
CityRICHMONDCityNm
State AbbreviationVAStateAbbreviationCd
ZIP23219ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2016-07-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN540946734EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1LIBERTY UNIVERSITY INCBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlLIBEBusinessNameControlTxt
Phone4345923237PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line11971 UNIVERSITY BLVDAddressLine1Txt
CityLYNCHBURGCityNm
State AbbreviationVAStateAbbreviationCd
ZIP24515ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonDON MOONPersonNm
Person TitleCFO/VP of Investment MgmtPersonTitleTxt
Phone4345923237PhoneNum
Signature2018-05-15SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonAmy BibbyPreparerPersonNm
PTINP00445891PTIN
Phone8042827636PhoneNum
Preparation2018-05-15PreparationDt
FieldValueIRS element (for citing)
Tax2016TaxYr
Build TS2022-09-23 18:48:47ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerDON MOONPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line11971 UNIVERSITY BLVDAddressLine1Txt
CityLYNCHBURGCityNm
State AbbreviationVAStateAbbreviationCd
ZIP24515ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$1,888,506,592GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressWWW.LIBERTY.EDUWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation1972FormationYr
Legal Domicile StateVALegalDomicileStateCd
Activity Or MissionLIBERTY UNIVERSITY, INC. IS A CHRISTIAN ACADEMIC COMMUNITY IN THE TRADITION OF EVANGELICAL INSTITUTIONS OF HIGHER EDUCATION, WITH THE PRIMARY MISSION OF PROVIDING QUALITY COLLEGIATE EDUCATION.ActivityOrMissionDesc
Voting Members Governing Body31VotingMembersGoverningBodyCnt
Voting Members Independent22VotingMembersIndependentCnt
Total Employee12755TotalEmployeeCnt
Total Volunteers11000TotalVolunteersCnt
Total Gross UBI$5,648,974TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$44,294NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$20,246,077PYContributionsGrantsAmt
CY Contributions Grants$13,964,116CYContributionsGrantsAmt
PY Program Service Revenue$1,013,111,816PYProgramServiceRevenueAmt
CY Program Service Revenue$1,037,526,114CYProgramServiceRevenueAmt
PY Investment Income-$6,154,121PYInvestmentIncomeAmt
CY Investment Income$50,245,699CYInvestmentIncomeAmt
PY Other Revenue$32,901,348PYOtherRevenueAmt
CY Other Revenue$9,574,570CYOtherRevenueAmt
PY Total Revenue$1,060,105,120PYTotalRevenueAmt
CY Total Revenue$1,111,310,499CYTotalRevenueAmt
PY Grants And Similar Paid$221,984,807PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$228,112,008CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$340,762,124PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$356,454,861CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$4,486,779CYTotalFundraisingExpenseAmt
PY Other Expenses$281,839,177PYOtherExpensesAmt
CY Other Expenses$292,715,544CYOtherExpensesAmt
PY Total Expenses$844,586,108PYTotalExpensesAmt
CY Total Expenses$877,282,413CYTotalExpensesAmt
PY Revenues Less Expenses$215,519,012PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$234,028,086CYRevenuesLessExpensesAmt
Total Assets BOY$2,265,165,058TotalAssetsBOYAmt
Total Assets EOY$2,571,559,687TotalAssetsEOYAmt
Total Liabilities BOY$450,422,401TotalLiabilitiesBOYAmt
Total Liabilities EOY$467,549,845TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$1,814,742,657NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$2,104,009,842NetAssetsOrFundBalancesEOYAmt
MissionLIBERTY UNIVERSITY, INC. IS A CHRISTIAN ACADEMIC COMMUNITY IN THE TRADITION OF EVANGELICAL INSTITUTIONS OF HIGHER EDUCATION, WITH THE PRIMARY MISSION OF PROVIDING QUALITY COLLEGIATE EDUCATION.MissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
Expense$716,482,482ExpenseAmt
Grant$228,112,008GrantAmt
Revenue$920,105,541RevenueAmt
DescInstruction of approximately 101,951 students in undergraduate, graduate and doctoral programs for both the online and residential programs. Scholarships, grants and other financial assistance are awarded to eligible students based on financial need and academic merit.Desc

Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp

FieldValueIRS element (for citing)
Expense$43,633,258ExpenseAmt
Grant$0GrantAmt
Revenue$142,983,394RevenueAmt
DescLiberty University maintains a campus bookstore, housing and dining facilities, transportation services, athletic facilities, broadcasting facilities and other support services and facilities adding to the student experience.Desc
FieldValueIRS element (for citing)
Total Program Service Expenses$760,115,740TotalProgramServiceExpensesAmt
Described In Section501c3Yes (1)DescribedInSection501c3Ind
Schedule B RequiredYes (1)ScheduleBRequiredInd
Political Campaign Acty0PoliticalCampaignActyInd
Lobbying ActivitiesYes (1)LobbyingActivitiesInd
Subject To Proxy Tax0SubjectToProxyTaxInd
Donor Advised Fund0DonorAdvisedFundInd
Conservation Easements0ConservationEasementsInd
Collections Of ArtYes (1)CollectionsOfArtInd
Credit Counseling0CreditCounselingInd
Temp Or Permanent EndowmentsYes (1)TempOrPermanentEndowmentsInd
Report Land Building EquipmentYes (1)ReportLandBuildingEquipmentInd
Report Investments Other SecYes (1)ReportInvestmentsOtherSecInd
Report Program Related Invst0ReportProgramRelatedInvstInd
Report Other Assets0ReportOtherAssetsInd
Report Other LiabilitiesYes (1)ReportOtherLiabilitiesInd
Include FIN48 FootnoteYes (1)IncludeFIN48FootnoteInd
Independent Audit Fincl StmtYes (1)IndependentAuditFinclStmtInd
Consolidated Audit Fincl StmtYes (1)ConsolidatedAuditFinclStmtInd
School OperatingYes (1)SchoolOperatingInd
Foreign OfficeYes (1)ForeignOfficeInd
Foreign ActivitiesYes (1)ForeignActivitiesInd
More Than5000 K To Org0MoreThan5000KToOrgInd
More Than5000 K To Individuals0MoreThan5000KToIndividualsInd
Professional Fundraising0ProfessionalFundraisingInd
Fundraising ActivitiesYes (1)FundraisingActivitiesInd
Gaming Activities0GamingActivitiesInd
Operate Hospital0OperateHospitalInd
Grants To OrganizationsYes (1)GrantsToOrganizationsInd
Grants To IndividualsYes (1)GrantsToIndividualsInd
Schedule J RequiredYes (1)ScheduleJRequiredInd
Tax Exempt BondsYes (1)TaxExemptBondsInd
Invest Tax Exempt Bonds0InvestTaxExemptBondsInd
Escrow Account0EscrowAccountInd
On Behalf Of Issuer0OnBehalfOfIssuerInd
Engaged In Excess Benefit Trans0EngagedInExcessBenefitTransInd
PY Excess Benefit Trans0PYExcessBenefitTransInd
Loan OutstandingYes (1)LoanOutstandingInd
Grant To Related PersonYes (1)GrantToRelatedPersonInd
Business Rln With Org MemYes (1)BusinessRlnWithOrgMemInd
Business Rln With Fam MemYes (1)BusinessRlnWithFamMemInd
Business Rln With Officer EntYes (1)BusinessRlnWithOfficerEntInd
Deductible Non Cash ContriYes (1)DeductibleNonCashContriInd
Deductible Art ContributionYes (1)DeductibleArtContributionInd
Terminate Operations0TerminateOperationsInd
Partial Liquidation0PartialLiquidationInd
Disregarded EntityYes (1)DisregardedEntityInd
Related EntityYes (1)RelatedEntityInd
Related Organization Ctrl EntYes (1)RelatedOrganizationCtrlEntInd
Transaction With Control EntYes (1)TransactionWithControlEntInd
Trnsfr Exmpt Non Chrtbl Rltd Org0TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp0ActivitiesConductedPrtshpInd
Schedule O RequiredYes (1)ScheduleORequiredInd
IRP Document990IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld ComplianceYes (1)BackupWthldComplianceInd
Employee12755EmployeeCnt
Employment Tax Returns FiledYes (1)EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over LimitYes (1)UnrelatedBusIncmOverLimitInd
Form990 T FiledYes (1)Form990TFiledInd
Foreign Financial Account0ForeignFinancialAccountInd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Taxable Party Notification0TaxablePartyNotificationInd
Nondeductible Contributions0NondeductibleContributionsInd
Quid Pro Quo ContributionsYes (1)QuidProQuoContributionsInd
Quid Pro Quo Contri DisclYes (1)QuidProQuoContriDisclInd
Form8282 Property Disposed Of0Form8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft Cntrct0RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct0PayPremiumsPrsnlBnftCntrctInd
Form8899 Filedind1Form8899Filedind
Form1098 C FiledYes (1)Form1098CFiledInd
Indoor Tanning Services0IndoorTanningServicesInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members31GoverningBodyVotingMembersCnt
Independent Voting Member22IndependentVotingMemberCnt
Family Or Business RlnYes (1)FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties0DelegationOfMgmtDutiesInd
Change To Org Documents0ChangeToOrgDocumentsInd
Material Diversion Or Misuse0MaterialDiversionOrMisuseInd
Members Or Stockholders0MembersOrStockholdersInd
Election Of Board Members0ElectionOfBoardMembersInd
Decisions Subject To Approva0DecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (1)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (1)MinutesOfCommitteesInd
Officer Mailing Address0OfficerMailingAddressInd
Local Chapters0LocalChaptersInd
Form990 Provided To Gvrn BodyYes (1)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (1)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (1)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (1)RegularMonitoringEnfrcInd
Whistleblower PolicyYes (1)WhistleblowerPolicyInd
Document Retention PolicyYes (1)DocumentRetentionPolicyInd
Compensation Process CEOYes (1)CompensationProcessCEOInd
Compensation Process OtherYes (1)CompensationProcessOtherInd
Investment In Joint VentureYes (1)InvestmentInJointVentureInd
Written Policy Or ProcedureYes (1)WrittenPolicyOrProcedureInd
States Where Copy Of Return Is FldVAStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldALStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldNHStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldORStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldSCStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldWAStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldWIStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldNDStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldNYStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldNJStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldMDStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldAKStatesWhereCopyOfReturnIsFldCd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1Don MoonBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone4345923237PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line11971 UNIVERSITY BOULEVARDAddressLine1Txt
CityLYNCHBURGCityNm
State AbbreviationVAStateAbbreviationCd
ZIP24515ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (53 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtAverage Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtKey EmployeeKeyEmployeeIndHighest Compensated EmployeeHighestCompensatedEmployeeIndFormer Ofcr Director TrusteeFormerOfcrDirectorTrusteeInd
Mr Jerry Falwell
CHANCELLOR/President55.000.50Yes (X)Yes (X)$959,802$0$58,725
Mr Neal Askew
TrUSTEE9.00Yes (X)$0$0$0
Mrs Gaye Overton Benson
TRUSTEE2.00Yes (X)$0$0$0
Mr Jeffrey F Benson
TRUSTEE2.00Yes (X)$0$0$0
Mr Fleet Browning
TRUSTEE2.00Yes (X)$0$0$0
Mr Brian Autry
TRUSTEE2.00Yes (X)$0$0$0
Dr Don Crain
TRUSTEE2.00Yes (X)$0$0$0
Dr Jack Dinsbeer
TRUSTEE2.00Yes (X)$0$0$0
Pastor Jonathan Falwell
TRUSTEE & Vice Chancellor of Spiritual9.002.00Yes (X)$50,000$0$3,825
Mr Harvey Gainey
TRUSTEE2.00Yes (X)$0$0$0
Dr Ronald Godwin
TrUSTEE2.00Yes (X)$0$0$0
Evangelist William F Graham
TRUSTEE2.00Yes (X)$0$0$0
Mr John Heath
TRUSTEE2.00Yes (X)$0$0$0
Mr Carroll Hudson
TRUSTEE4.004.00Yes (X)$0$0$0
Evangelist Tim Lee
TRUSTEE2.00Yes (X)$3,000$0$0
Dr Allen McFarland
TRUSTEE & adjunct professo5.00Yes (X)$4,200$0$321
Dr Gene Mims
TRUSTEE2.00Yes (X)$0$0$0
Mr Richard Osborne
TRUSTEE2.00Yes (X)$0$0$0
Mr Galen Peel Sr
TRUSTEE2.00Yes (X)$0$0$0
Dr Jerry Prevo
TRUSTEE & Chairman2.00Yes (X)$0$0$0
Mr Harold Rawlings
TRUSTEE2.00Yes (X)$0$0$0
Dr Dwight Reighard
TRUSTEE2.00Yes (X)$0$0$0
Dr David Rhodenhizer
TRUSTEE2.00Yes (X)$0$0$0
Mr Steven A Snyder
TRUSTEE2.00Yes (X)$0$0$0
Pastor Jason Suitt
TRUSTEE & Adjunct professor5.00Yes (X)$4,200$0$321
Dr Jerry Thorpe
TRUSTEE2.00Yes (X)$0$0$0
Mr Gilbert Tinney Jr
TRUSTEE2.00Yes (X)$0$0$0
Dr Jerry Vines
TRUSTEE2.00Yes (X)$0$0$0
Mr Duke Westover
TRUSTEE2.00Yes (X)$0$66,753$0
Mr Jeffery S Yager
TRUSTEE3.00Yes (X)$0$0$0
Mr Anthony Beckles
TRUSTEE2.001.00Yes (X)$0$0$0
David Corry
General Counsel/Secretary55.00Yes (X)$241,004$0$34,839
Ron Hawkins
Provost & Chief Academic Officer55.00Yes (X)$257,524$0$32,945
Don Moon
CFO/VP of Investment Mgmt55.002.00Yes (X)$251,770$0$28,688
Randall Smith
EVP & COO55.00Yes (X)$365,591$0$37,305
Dr Ben Gutierrez
Co-Provost & VP for Academic Affairs55.005.00Yes (X)$199,098$0$19,638
Jeff Barber
Director of Athletics55.00$331,894$0$38,924Yes (X)
Samuel Beaumont
Senior VP of Auxiliary Service55.00$208,784$0$29,968Yes (X)
Lawrence Hine
Senior VP of Student Affairs55.005.00$179,753$0$29,570Yes (X)
Chris Johnson
Executive VP for Resident Enrollment55.00$276,888$0$35,039Yes (X)
Ronald Kennedy
Executive VP of Online Enrollment55.00$244,887$0$34,660Yes (X)
David Nasser
Sr. VP for Spiritual Development55.00$349,411$0$29,442Yes (X)
Charles Spence
SR. VP OF CAMPUS FACILITIES & TRANSPORTATION55.00$238,707$0$31,611Yes (X)
Laura Wallace
Executive VP of Human Resources55.00$289,560$0$31,032Yes (X)
Robert Ritz
Sr. VP for University Financial services55.00$224,904$0$32,864Yes (X)
Alan Askew
VP of Major Construction55.00$193,764$0$28,961Yes (X)
John Gauger
CIO & VP of Analytics55.00$180,843$0$30,984Yes (X)
Turner Gill
Head Coach - Football55.00$893,219$0$54,062Yes (X)
Ronnie Martin
Dean College of Osteopathic medicine55.00$347,090$0$33,165Yes (X)
Ritchie McKay
Head Coach, Men's Basketball55.00$591,356$0$52,345Yes (X)
Carey Green
Head Coach, Women's Basketball55.00$267,079$0$32,119Yes (X)
Brian Faulkner
Dean School of Law55.00$264,911$0$36,245Yes (X)
Dale Layer
Former highly compensated employee55.00$286,763$0$0Yes (X)
FieldValueIRS element (for citing)
Total Reportable Comp From Org$7,706,002TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$66,753TotReportableCompRltdOrgAmt
Total Other Compensation$777,598TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K361IndivRcvdGreaterThan100KCnt
Former Ofcr Employees ListedYes (1)FormerOfcrEmployeesListedInd
Total Comp Greater Than150 KYes (1)TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp (5 entries)

Address Line1ContractorAddress/USAddress/AddressLine1TxtCityContractorAddress/USAddress/CityNmState AbbreviationContractorAddress/USAddress/StateAbbreviationCdZIPContractorAddress/USAddress/ZIPCdServicesServicesDescCompensationCompensationAmt
Construction Management Associates Inc
PO Box 3020LynchburgVA24503CoNSTRUCTION$62,708,112
Google Inc
PO Box 7247-7366PhiladelphiaPA19170Admissions Leads Generation$17,415,069
Glass & Associates Inc
1601 Wythe RdLynchburgVA24501CoNSTRUCTION$14,219,880
HigherEducationcom
1001 McKinney St Ste 400HoustonTX77002Admissions Leads Generation$5,871,390
Microsoft Online Inc
PO Box 847543DallasTX75284Admissions Leads Generation$3,212,120
FieldValueIRS element (for citing)
Cntrct Rcvd Greater Than100 K102CntrctRcvdGreaterThan100KCnt
Fundraising$73,141FundraisingAmt
Government Grants$3,254,597GovernmentGrantsAmt
All Other Contributions$10,636,378AllOtherContributionsAmt
Noncash Contributions$324,647NoncashContributionsAmt
Total Contributions$13,964,116TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp (5 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmtRelated Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmtUnrelated Business RevenueUnrelatedBusinessRevenueAmt
TUITION AND FEES611710$931,701,079$931,701,079
ROOM & BOARD611710$77,263,683$73,194,734$4,068,949
STUDENT FEES611710$12,024,297$12,024,297
STUDENT ACTIVITIES611710$9,972,871$9,765,154$207,717
BOOKSTORE/CONCESSIONS611710$6,564,184$6,564,184
FieldValueIRS element (for citing)
Total Program Service Revenue$1,037,526,114TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$17,240,009TotalRevenueColumnAmt
Unrelated Business Revenue$16,850UnrelatedBusinessRevenueAmt
Exclusion$17,223,159ExclusionAmt

Royalties Revenue RoyaltiesRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$399,606TotalRevenueColumnAmt
Exclusion$399,606ExclusionAmt

Gross Rents GrossRentsGrp

FieldValueIRS element (for citing)
Real$5,821,624RealAmt
Personal$143,332PersonalAmt

Less Rental Expenses LessRentalExpensesGrp

FieldValueIRS element (for citing)
Real$3,551,171RealAmt
Personal$64,179PersonalAmt

Rental Income Or Loss RentalIncomeOrLossGrp

FieldValueIRS element (for citing)
Real$2,270,453RealAmt
Personal$79,153PersonalAmt

Net Rental Income Or Loss NetRentalIncomeOrLossGrp

FieldValueIRS element (for citing)
Total Revenue Column$2,349,606TotalRevenueColumnAmt
Unrelated Business Revenue$143,331UnrelatedBusinessRevenueAmt
Exclusion$2,206,275ExclusionAmt

Gross Amount Sales Assets GrossAmountSalesAssetsGrp

FieldValueIRS element (for citing)
Securities$781,895,097SecuritiesAmt
Other$24,637,089OtherAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

FieldValueIRS element (for citing)
Securities$773,129,244SecuritiesAmt
Other$397,252OtherAmt

Gain Or Loss GainOrLossGrp

FieldValueIRS element (for citing)
Securities$8,765,853SecuritiesAmt
Other$24,239,837OtherAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

FieldValueIRS element (for citing)
Total Revenue Column$33,005,690TotalRevenueColumnAmt
Related Or Exempt Func Income$24,239,837RelatedOrExemptFuncIncomeAmt
Exclusion$8,765,853ExclusionAmt
FieldValueIRS element (for citing)
Fundraising Gross Income$67,828FundraisingGrossIncomeAmt
Contri Rpt Fundraising Event$73,141ContriRptFundraisingEventAmt
Fundraising Direct Expenses$54,247FundraisingDirectExpensesAmt

Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp

FieldValueIRS element (for citing)
Total Revenue Column$13,581TotalRevenueColumnAmt
Exclusion$13,581ExclusionAmt

Other Revenue Misc OtherRevenueMiscGrp (3 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmtRelated Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmtUnrelated Business RevenueUnrelatedBusinessRevenueAmt
OTHER INCOME611710$3,287,899$2,524,273$763,626
Student Travel Fees561500$1,904,118$1,904,118
SPONSORSHIPS/ADVERTISI511120$1,038,319$589,818$448,501

Miscellaneous Revenue MiscellaneousRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$581,441TotalRevenueColumnAmt
Related Or Exempt Func Income$581,441RelatedOrExemptFuncIncomeAmt
FieldValueIRS element (for citing)
Other Revenue Total$6,811,777OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$1,111,310,499TotalRevenueColumnAmt
Related Or Exempt Func Income$1,063,088,935RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$5,648,974UnrelatedBusinessRevenueAmt
Exclusion$28,608,474ExclusionAmt

Grants To Domestic Orgs GrantsToDomesticOrgsGrp

FieldValueIRS element (for citing)
Total$2,287,341TotalAmt
Program Services$2,287,341ProgramServicesAmt

Grants To Domestic Individuals GrantsToDomesticIndividualsGrp

FieldValueIRS element (for citing)
Total$225,824,667TotalAmt
Program Services$225,824,667ProgramServicesAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$6,460,446TotalAmt
Program Services$5,362,170ProgramServicesAmt
Management And General$1,053,053ManagementAndGeneralAmt
Fundraising$45,223FundraisingAmt

Comp Disqual Persons CompDisqualPersonsGrp

FieldValueIRS element (for citing)
Total$1,320,504TotalAmt
Program Services$1,096,018ProgramServicesAmt
Management And General$215,242ManagementAndGeneralAmt
Fundraising$9,244FundraisingAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$275,128,605TotalAmt
Program Services$228,356,742ProgramServicesAmt
Management And General$44,845,963ManagementAndGeneralAmt
Fundraising$1,925,900FundraisingAmt

Pension Plan Contributions PensionPlanContributionsGrp

FieldValueIRS element (for citing)
Total$6,463,119TotalAmt
Program Services$5,364,389ProgramServicesAmt
Management And General$1,053,488ManagementAndGeneralAmt
Fundraising$45,242FundraisingAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$47,368,964TotalAmt
Program Services$39,316,240ProgramServicesAmt
Management And General$7,721,141ManagementAndGeneralAmt
Fundraising$331,583FundraisingAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$19,713,223TotalAmt
Program Services$16,361,975ProgramServicesAmt
Management And General$3,213,255ManagementAndGeneralAmt
Fundraising$137,993FundraisingAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$3,258,788TotalAmt
Management And General$3,258,788ManagementAndGeneralAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$297,680TotalAmt
Management And General$297,680ManagementAndGeneralAmt

Fees For Services Lobbying FeesForServicesLobbyingGrp

FieldValueIRS element (for citing)
Total$61,526TotalAmt
Program Services$51,066ProgramServicesAmt
Management And General$10,029ManagementAndGeneralAmt
Fundraising$431FundraisingAmt

Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp

FieldValueIRS element (for citing)
Total$4,645,585TotalAmt
Management And General$4,645,585ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$3,846,975TotalAmt
Program Services$3,192,989ProgramServicesAmt
Management And General$627,057ManagementAndGeneralAmt
Fundraising$26,929FundraisingAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$23,267,027TotalAmt
Program Services$19,311,633ProgramServicesAmt
Management And General$3,792,525ManagementAndGeneralAmt
Fundraising$162,869FundraisingAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$5,389,610TotalAmt
Program Services$4,473,377ProgramServicesAmt
Management And General$878,506ManagementAndGeneralAmt
Fundraising$37,727FundraisingAmt

Information Technology InformationTechnologyGrp

FieldValueIRS element (for citing)
Total$22,572,115TotalAmt
Program Services$18,734,855ProgramServicesAmt
Management And General$3,679,255ManagementAndGeneralAmt
Fundraising$158,005FundraisingAmt

Royalties RoyaltiesGrp

FieldValueIRS element (for citing)
Total$613,067TotalAmt
Program Services$508,846ProgramServicesAmt
Management And General$99,930ManagementAndGeneralAmt
Fundraising$4,291FundraisingAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$10,343,466TotalAmt
Program Services$8,585,077ProgramServicesAmt
Management And General$1,685,985ManagementAndGeneralAmt
Fundraising$72,404FundraisingAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$10,561,859TotalAmt
Program Services$8,766,343ProgramServicesAmt
Management And General$1,721,583ManagementAndGeneralAmt
Fundraising$73,933FundraisingAmt

Conferences Meetings ConferencesMeetingsGrp

FieldValueIRS element (for citing)
Total$901,946TotalAmt
Program Services$748,615ProgramServicesAmt
Management And General$147,017ManagementAndGeneralAmt
Fundraising$6,314FundraisingAmt

Interest InterestGrp

FieldValueIRS element (for citing)
Total$10,554,011TotalAmt
Program Services$8,759,829ProgramServicesAmt
Management And General$1,720,304ManagementAndGeneralAmt
Fundraising$73,878FundraisingAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$42,740,768TotalAmt
Program Services$35,474,838ProgramServicesAmt
Management And General$6,966,745ManagementAndGeneralAmt
Fundraising$299,185FundraisingAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$2,903,609TotalAmt
Program Services$2,409,996ProgramServicesAmt
Management And General$473,288ManagementAndGeneralAmt
Fundraising$20,325FundraisingAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmtManagement And GeneralManagementAndGeneralAmtFundraisingFundraisingAmt
Purchased Services$56,990,048$47,301,740$9,289,378$398,930
STUDENT FOOD SERVICES$26,498,275$21,993,568$4,319,219$185,488
NON CAPITAL EQUIPMENT$18,831,973$15,630,537$3,069,612$131,824
OTHER SUPPLIES$14,612,438$12,128,324$2,381,827$102,287

All Other Expenses AllOtherExpensesGrp

FieldValueIRS element (for citing)
Total$33,824,778TotalAmt
Program Services$28,074,565ProgramServicesAmt
Management And General$5,513,439ManagementAndGeneralAmt
Fundraising$236,774FundraisingAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$877,282,413TotalAmt
Program Services$760,115,740ProgramServicesAmt
Management And General$112,679,894ManagementAndGeneralAmt
Fundraising$4,486,779FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$41,310,788BOYAmt
EOY$20,155,593EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$422,698,141BOYAmt
EOY$154,549,612EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$72,826,698BOYAmt
EOY$101,093,605EOYAmt

Rcvbl From Disqualified Prsn RcvblFromDisqualifiedPrsnGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$457,947EOYAmt

Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp

FieldValueIRS element (for citing)
BOY$3,290,686BOYAmt
EOY$2,399,512EOYAmt

Inventories For Sale Or Use InventoriesForSaleOrUseGrp

FieldValueIRS element (for citing)
BOY$140,697BOYAmt
EOY$322,811EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$14,468,589BOYAmt
EOY$14,115,548EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$1,454,957,384LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$304,492,180LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$947,064,035BOYAmt
EOY$1,150,465,204EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

FieldValueIRS element (for citing)
BOY$258,794,081BOYAmt
EOY$389,387,764EOYAmt

Investments Other Securities InvestmentsOtherSecuritiesGrp

FieldValueIRS element (for citing)
BOY$495,675,078BOYAmt
EOY$730,388,817EOYAmt

Investments Program Related InvestmentsProgramRelatedGrp

FieldValueIRS element (for citing)
BOY$3,541,138BOYAmt
EOY$5,440,129EOYAmt

Intangible Assets IntangibleAssetsGrp

FieldValueIRS element (for citing)
BOY$860,567BOYAmt
EOY$792,535EOYAmt

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
BOY$4,494,560BOYAmt
EOY$1,990,610EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$2,265,165,058BOYAmt
EOY$2,571,559,687EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$52,816,330BOYAmt
EOY$70,103,244EOYAmt

Deferred Revenue DeferredRevenueGrp

FieldValueIRS element (for citing)
BOY$151,337,067BOYAmt
EOY$156,970,249EOYAmt

Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp

FieldValueIRS element (for citing)
BOY$209,950,530BOYAmt
EOY$207,769,474EOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$36,318,474BOYAmt
EOY$32,706,878EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$450,422,401BOYAmt
EOY$467,549,845EOYAmt
FieldValueIRS element (for citing)
Organization Follows SFAS117Yes (X)OrganizationFollowsSFAS117Ind

Unrestricted Net Assets UnrestrictedNetAssetsGrp

FieldValueIRS element (for citing)
BOY$1,798,655,900BOYAmt
EOY$2,087,057,966EOYAmt

Temporarily Rstr Net Assets TemporarilyRstrNetAssetsGrp

FieldValueIRS element (for citing)
BOY$2,585,845BOYAmt
EOY$3,338,088EOYAmt

Permanently Rstr Net Assets PermanentlyRstrNetAssetsGrp

FieldValueIRS element (for citing)
BOY$13,500,912BOYAmt
EOY$13,613,788EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$1,814,742,657BOYAmt
EOY$2,104,009,842EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$2,265,165,058BOYAmt
EOY$2,571,559,687EOYAmt
FieldValueIRS element (for citing)
Info In Schedule O Part XIYes (X)InfoInScheduleOPartXIInd
Reconcilation Revenue Expnss$234,028,086ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst$49,693,935NetUnrlzdGainsLossesInvstAmt
Other Changes In Net Assets$5,545,164OtherChangesInNetAssetsAmt
Info In Schedule O Part XIIYes (X)InfoInScheduleOPartXIIInd
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or Review0AccountantCompileOrReviewInd
FS AuditedYes (1)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Consol And Sep Basis Fincl StmtYes (X)ConsolAndSepBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit CommitteeYes (1)AuditCommitteeInd
Federal Grant Audit Required0FederalGrantAuditRequiredInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
SchoolYes (X)SchoolInd

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
ContributorRESTRICTEDContributorNum

Contributor Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Total ContributionsRESTRICTEDTotalContributionsAmt

Schedule C IRS990ScheduleC

Total Direct Lobbying TotalDirectLobbyingGrp

FieldValueIRS element (for citing)
Filing Organizations Total$61,525FilingOrganizationsTotalAmt

Total Lobbying Expend TotalLobbyingExpendGrp

FieldValueIRS element (for citing)
Filing Organizations Total$61,525FilingOrganizationsTotalAmt

Other Exempt Purpose Expend OtherExemptPurposeExpendGrp

FieldValueIRS element (for citing)
Filing Organizations Total$877,220,888FilingOrganizationsTotalAmt

Total Exempt Purpose Expend TotalExemptPurposeExpendGrp

FieldValueIRS element (for citing)
Filing Organizations Total$877,282,413FilingOrganizationsTotalAmt

Lobbying Nontaxable Amount LobbyingNontaxableAmountGrp

FieldValueIRS element (for citing)
Filing Organizations Total$1,000,000FilingOrganizationsTotalAmt

Grassroots Nontaxable GrassrootsNontaxableGrp

FieldValueIRS element (for citing)
Filing Organizations Total$250,000FilingOrganizationsTotalAmt

Tot Lbbyng Grassroot Mns Non Tx TotLbbyngGrassrootMnsNonTxGrp

FieldValueIRS element (for citing)
Filing Organizations Total$0FilingOrganizationsTotalAmt

Tot Lbby Expend Mns Lbbyng Non Tx TotLbbyExpendMnsLbbyngNonTxGrp

FieldValueIRS element (for citing)
Filing Organizations Total$0FilingOrganizationsTotalAmt

Avg Lobbying Nontaxable Amount AvgLobbyingNontaxableAmountGrp

FieldValueIRS element (for citing)
Current Year Minus3$1,000,000CurrentYearMinus3Amt
Current Year Minus2$1,000,000CurrentYearMinus2Amt
Current Year Minus1$1,000,000CurrentYearMinus1Amt
Current Year$1,000,000CurrentYearAmt
Total$4,000,000TotalAmt
FieldValueIRS element (for citing)
Lobbying Ceiling$6,000,000LobbyingCeilingAmt

Avg Total Lobbying Expend AvgTotalLobbyingExpendGrp

FieldValueIRS element (for citing)
Current Year Minus3$42,398CurrentYearMinus3Amt
Current Year Minus2$27,801CurrentYearMinus2Amt
Current Year Minus1$80,303CurrentYearMinus1Amt
Current Year$61,525CurrentYearAmt
Total$212,027TotalAmt

Avg Grassroots Nontaxable AvgGrassrootsNontaxableGrp

FieldValueIRS element (for citing)
Current Year Minus3$250,000CurrentYearMinus3Amt
Current Year Minus2$250,000CurrentYearMinus2Amt
Current Year Minus1$250,000CurrentYearMinus1Amt
Current Year$250,000CurrentYearAmt
Total$1,000,000TotalAmt
FieldValueIRS element (for citing)
Grassroots Ceiling$1,500,000GrassrootsCeilingAmt

Schedule D IRS990ScheduleD

FieldValueIRS element (for citing)
Collection Used Pub ExhibitionYes (X)CollectionUsedPubExhibitionInd

Collection Used Other Purposes CollectionUsedOtherPurposesGrp

FieldValueIRS element (for citing)
Collection Used Other PurposesYes (X)CollectionUsedOtherPurposesInd
Other Purposesdisplayed in various buildingsOtherPurposesDesc
FieldValueIRS element (for citing)
Solicited Assets Sale0SolicitedAssetsSaleInd

CY Endwmt Fund CYEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$1,082,996,068BeginningYearBalanceAmt
Contributions$198,368,872ContributionsAmt
Investment Earnings Or Losses$74,241,805InvestmentEarningsOrLossesAmt
Grants Or Scholarships$1,638GrantsOrScholarshipsAmt
Other Expenditures$64,902,259OtherExpendituresAmt
End Year Balance$1,290,702,848EndYearBalanceAmt

CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$1,054,487,114BeginningYearBalanceAmt
Contributions$55,364,445ContributionsAmt
Investment Earnings Or Losses-$26,805,224InvestmentEarningsOrLossesAmt
Grants Or Scholarships$50,267GrantsOrScholarshipsAmt
End Year Balance$1,082,996,068EndYearBalanceAmt

CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$126,421,721BeginningYearBalanceAmt
Contributions$925,685,737ContributionsAmt
Investment Earnings Or Losses$2,489,259InvestmentEarningsOrLossesAmt
Grants Or Scholarships$109,603GrantsOrScholarshipsAmt
End Year Balance$1,054,487,114EndYearBalanceAmt

CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$101,837,308BeginningYearBalanceAmt
Contributions$20,983,893ContributionsAmt
Investment Earnings Or Losses$3,605,535InvestmentEarningsOrLossesAmt
Grants Or Scholarships$5,015GrantsOrScholarshipsAmt
End Year Balance$126,421,721EndYearBalanceAmt

CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$58,646,614BeginningYearBalanceAmt
Contributions$41,270,965ContributionsAmt
Investment Earnings Or Losses$1,959,400InvestmentEarningsOrLossesAmt
Grants Or Scholarships$39,671GrantsOrScholarshipsAmt
End Year Balance$101,837,308EndYearBalanceAmt
FieldValueIRS element (for citing)
Board Designated Balance EOY0.98890BoardDesignatedBalanceEOYPct
Prmnnt Endowment Balance EOY0.01050PrmnntEndowmentBalanceEOYPct
Term Endowment Balance EOY0.00060TermEndowmentBalanceEOYPct
Endowments Held Unrelated Org0EndowmentsHeldUnrelatedOrgInd
Endowments Held Related Org0EndowmentsHeldRelatedOrgInd

Land LandGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$100,979,873OtherCostOrOtherBasisAmt
Book Value$100,979,873BookValueAmt

Buildings BuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$854,748,128OtherCostOrOtherBasisAmt
Depreciation$142,066,284DepreciationAmt
Book Value$712,681,844BookValueAmt

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$218,544,603OtherCostOrOtherBasisAmt
Depreciation$141,108,356DepreciationAmt
Book Value$77,436,247BookValueAmt

Other Land Buildings OtherLandBuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$280,684,780OtherCostOrOtherBasisAmt
Depreciation$21,317,540DepreciationAmt
Book Value$259,367,240BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$1,150,465,204TotalBookValueLandBuildingsAmt

Other Securities OtherSecuritiesGrp (5 entries)

DescDescBook ValueBookValueAmtMethod ValuationMethodValuationCd
Long/short equity funds$444,460,127F
Other asset backed securities$4,628,398F
term loans$224,570,990F
Master LP$13,693,483F
Joint Venture$43,035,819F
FieldValueIRS element (for citing)
Total Book Value Securities$730,388,817TotalBookValueSecuritiesAmt

Other Liabilities Org OtherLiabilitiesOrgGrp (3 entries)

DescDescAmtAmt
GIFT ANNUITIES PAYABLE$31,093,447
LIABILITY UNDER SPLIT INTEREST AGREEMENTS$1,634,476
Due to Freedom Aviation from C&C Aviation-$21,045
FieldValueIRS element (for citing)
Total Liability$32,706,878TotalLiabilityAmt
Footnote TextYes (X)FootnoteTextInd
Total Rev Etc Audited Fincl Stmt$961,294,724TotalRevEtcAuditedFinclStmtAmt
Net Unrealized Gains Invst$49,693,935NetUnrealizedGainsInvstAmt
Donated Services And Use Fclts$613,350DonatedServicesAndUseFcltsAmt
Other Revenue$25,354,284OtherRevenueAmt
Revenue Not Reported$75,661,569RevenueNotReportedAmt
Revenue Subtotal$885,633,155RevenueSubtotalAmt
Other Revenues Not Included$225,677,344OtherRevenuesNotIncludedAmt
Revenue Not Reported Fincl Stmt$225,677,344RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990$1,111,310,499TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$672,027,537TotExpnsEtcAuditedFinclStmtAmt
Donated Services Use Fclts$613,350DonatedServicesUseFcltsAmt
Other Expenses Included$19,809,118OtherExpensesIncludedAmt
Expenses Not Reported$20,422,468ExpensesNotReportedAmt
Expenses Subtotal$651,605,069ExpensesSubtotalAmt
Other Expenses Not Included$225,677,344OtherExpensesNotIncludedAmt
Expenses Not Rpt Fincl Stmt$225,677,344ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990$877,282,413TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail (8 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
Part III, Line 1a:Liberty University has a collection of several animal trophies donated by a local resident. The Audited Financial Statements of the fiscal year ending June 30, 2017 of Liberty University do not contain a footnote describing this collection because it was donated several years ago. However, a footnote within the AFS does describe the accounting policy of Liberty University in accounting for contributions of works of art, historical treasures, and other similar items: "Contributions of works of art, historical treasures and similar assets held as part of collections are not recognized or capitalized." During FYE 2017 various art pieces were donated and put on display in the 3rd floor ballroom of the Montview Student Union.
Part III, Line 4:Liberty University has a collection of several animal trophies donated by a local resident. The animal trophies are displayed within the University's facilities for the education and enjoyment of students and visitors. During FYE 2017 various art pieces were donated and put on display in the 3rd floor ballroom of the Montview Student Union. There is no admission charge for viewing the collection and Liberty University does not advertise that the collection is open to the general public.
Part V, Line 4:UNIVERSITY INTENDS TO MAXIMIZE THE TOTAL RETURN ON ITS RETURN ON ENDOWMENT FUNDS, AND, AS SPECIFIED IN THE UNDERLYING AGREEMENTS, IT USES THE SPENDABLE PORTION FOR PURPOSES OF THE FOLLOWING: AWARDING SCHOLARSHIPS AND GRANTS TO STUDENTS; UNIVERSITY OPERATING EXPENSES; AND CHRISTIAN MINISTRY OUTREACH.
Part X, Line 2:The Internal Revenue Service has ruled that the University qualifies under Section 501(c)(3) of the Internal Revenue Code and is, therefore, not generally subject to income taxes under present tax laws. Management believes that any income tax liability resulting from unrelated business income for the years ended June 30, 2017 and 2016 would not have a significant impact on the University's results of activities. Certain subsidiaries of the University are taxed as seperate entities.
Part XI, Line 2d - Other Adjustments:Change in split interest agreement 5,545,168. REVENUE FROM SUBSIDIARIES NOT INCLUDED IN THIS RETURN 16,139,519. EXPENSE FROM NET RENTAL INCOME 3,615,350. Fundraising Direct Expenses 54,247.
Part XI, Line 4b - Other Adjustments:INSTITUTIONAL SCHOLARSHIPS 220,879,707. Financial Aid & Discounts 4,797,637.
Part XII, Line 2d - Other Adjustments:EXPENSE FROM SUBSIDIARIES NOT INCLUDED IN THIS RETURN 16,139,521. EXPENSE FROM NET RENTAL INCOME 3,615,350. Fundraising Direct Expenses 54,247.
Part XII, Line 4b - Other Adjustments:INSTITUTIONAL SCHOLARSHIPS 220,879,707. Financial Aid & Discounts 4,797,637.

Schedule E IRS990ScheduleE

FieldValueIRS element (for citing)
Nondiscriminatory Policy StmtYes (1)NondiscriminatoryPolicyStmtInd
Policy Stmt In Brochures EtcYes (1)PolicyStmtInBrochuresEtcInd
Plcy Pblczd Via Broadcast MediaYes (1)PlcyPblczdViaBroadcastMediaInd
Maintain Racial Comp RecsYes (1)MaintainRacialCompRecsInd
Maintain Scholarships RecsYes (1)MaintainScholarshipsRecsInd
Maintain Cpy Of Brochures EtcYes (1)MaintainCpyOfBrochuresEtcInd
Maintain Cpy Of All SolYes (1)MaintainCpyOfAllSolInd
Discriminate Race Stdnts Rghts0DiscriminateRaceStdntsRghtsInd
Discriminate Race Admiss Plcy0DiscriminateRaceAdmissPlcyInd
Discriminate Race Emplm Fculty0DiscriminateRaceEmplmFcultyInd
Discriminate Race Schs0DiscriminateRaceSchsInd
Discriminate Race Educ Plcy0DiscriminateRaceEducPlcyInd
Discriminate Race Use Of Fclts0DiscriminateRaceUseOfFcltsInd
Discriminate Race Athlt Prog0DiscriminateRaceAthltProgInd
Discriminate Race Other Acty0DiscriminateRaceOtherActyInd
Government Financial Aid RcvdYes (1)GovernmentFinancialAidRcvdInd
Government Financial Aid Rvkd0GovernmentFinancialAidRvkdInd
Compliance With Rev Proc7550Yes (1)ComplianceWithRevProc7550Ind

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
Schedule E, Part I, Line 3LIBERTY UNIVERSITY DRAWS A SUBSTANTIAL PERCENTAGE OF ITS STUDENTS NATIONWIDE, AND FOLLOWS A RACIALLY NON-DISCRIMINATORY POLICY AS TO STUDENTS. THIS POLICY IS ONLINE AND IN ALL THE BROCHURES AND CATALOGS DEALING WITH ADMISSION AND SCHOLARSHIPS.
Schedule E, Part I, Line 6LIBERTY UNIVERSITY PROCESSES AND DISTRIBUTES FEDERAL AND STATE FINANCIAL AID IN THE FORM OF GRANTS, LOANS, AND SCHOLARSHIPS TO STUDENTS TO HELP WITH EDUCATION-RELATED EXPENSES. SUCH STUDENT FINANCIAL AID IS AWARDED ON THE BASIS OF FINANCIAL NEED BASED ON PRESCRIBED GOVERNMENTAL FORMULAS.

Schedule F IRS990ScheduleF

Account Activities Outside US AccountActivitiesOutsideUSGrp (10 entries)

RegionRegionTxtOfficesOfficesCntEmployeeEmployeeCntType Of Activities ConductedTypeOfActivitiesConductedTxtSpecific Services ProvidedSpecificServicesProvidedTxtRegion Total ExpendituresRegionTotalExpendituresAmt
Europe (Including Iceland & Greenland) -03PROGRAM SERVICESEMPLOYMENT OF INSTRUCTORS SERVING DISTANCE LEARNING STUDENTS.$31,080
North America - Canada and Mexico02PROGRAM SERVICESEMPLOYMENT OF INSTRUCTORS SERVING DISTANCE LEARNING STUDENTS.$42,200
Middle East and North Africa -02PROGRAM SERVICESEMPLOYMENT OF INSTRUCTORS SERVING DISTANCE LEARNING STUDENTS.$34,780
Central America and the Caribbean - Antigua & Barbuda, Aruba, Bahamas,00Investments$47,491,862
Central America and the Caribbean00program servicesmission trips & study abroad$35,532
Europe (Including Iceland & Greenland)00program servicesmission trips & study abroad$171,778
Middle East and North Africa00program servicesmission trips & study abroad$46,944
Russia and Neighboring States00program servicesmission trips & study abroad$611
South Asia00program servicesmission trips & study abroad$1,434
Sub-Saharan Africa00program servicesmission trips & study abroad$119,184
FieldValueIRS element (for citing)
Subtotal Offices0SubtotalOfficesCnt
Subtotal Employees7SubtotalEmployeesCnt
Continutation Total Office0ContinutationTotalOfficeCnt
Continutation Total Employee0ContinutationTotalEmployeeCnt
Total Office0TotalOfficeCnt
Total Employee7TotalEmployeeCnt
Subtotal Spent$47,854,787SubtotalSpentAmt
Continuation Spent$120,618ContinuationSpentAmt
Total Spent$47,975,405TotalSpentAmt
Transfer To Foreign CorpYes (1)TransferToForeignCorpInd
Interest In Foreign Trust0InterestInForeignTrustInd
Foreign Corp OwnershipYes (1)ForeignCorpOwnershipInd
Passive Foreign Investmest CoYes (1)PassiveForeignInvestmestCoInd
Foreign PartnershipYes (1)ForeignPartnershipInd
Boycott Countries0BoycottCountriesInd

Schedule G IRS990ScheduleG

Fundraising Event Information FundraisingEventInformationGrp

FieldValueIRS element (for citing)
Event1Sports management golf tournamentEvent1Nm
Gross Receipts Event1$51,219GrossReceiptsEvent1Amt
Charitable Contri Event1$43,690CharitableContriEvent1Amt
Gross Revenue Event1$7,529GrossRevenueEvent1Amt
Non Cash Prizes Event1$1,921NonCashPrizesEvent1Amt
Rent Facility Costs Event1$3,696RentFacilityCostsEvent1Amt
Food And Beverage Event1$192FoodAndBeverageEvent1Amt
Event2Golf TournamentEvent2Nm
Gross Receipts Event2$42,115GrossReceiptsEvent2Amt
Gross Revenue Event2$42,115GrossRevenueEvent2Amt
Non Cash Prizes Event2$19,675NonCashPrizesEvent2Amt
Rent Facility Costs Event2$7,168RentFacilityCostsEvent2Amt
Food And Beverage Event2$1,885FoodAndBeverageEvent2Amt
Other Direct Expenses Event2$890OtherDirectExpensesEvent2Amt
Other Events Total2OtherEventsTotalCnt
Gross Receipts Other Events$47,634GrossReceiptsOtherEventsAmt
Charitable Contri Other Events$29,451CharitableContriOtherEventsAmt
Gross Revenue Other Events$18,183GrossRevenueOtherEventsAmt
Cash Prizes Other Events$771CashPrizesOtherEventsAmt
Food And Beverage Other Events$6,914FoodAndBeverageOtherEventsAmt
Entertainment Other Events$5,000EntertainmentOtherEventsAmt
Oth Direct Expnss Other Events$6,134OthDirectExpnssOtherEventsAmt
Gross Receipts Total$140,968GrossReceiptsTotalAmt
Charitable Contributions Tot$73,141CharitableContributionsTotAmt
Gross Revenue Total Events$67,827GrossRevenueTotalEventsAmt
Cash Prizes Total Events$771CashPrizesTotalEventsAmt
Non Cash Prizes Total Events$21,596NonCashPrizesTotalEventsAmt
Rent Fclty Costs Total Events$10,864RentFcltyCostsTotalEventsAmt
Food And Beverage Total Events$8,991FoodAndBeverageTotalEventsAmt
Entertainment Total Events$5,000EntertainmentTotalEventsAmt
Oth Direct Expnss Total Events$7,024OthDirectExpnssTotalEventsAmt
Direct Expense Summary Events$54,246DirectExpenseSummaryEventsAmt
Net Income Summary$13,581NetIncomeSummaryAmt

Schedule I IRS990ScheduleI

FieldValueIRS element (for citing)
Grant Records MaintainedYes (1)GrantRecordsMaintainedInd

Recipient Table RecipientTable (6 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdRecipient EINRecipientEINIRC SectionIRCSectionDescCash GrantCashGrantAmtPurpose Of GrantPurposeOfGrantTxt
LIBERTY UNIVERSITY FOUNDATION
1971 UNIVERSITY BLVDLYNCHBURGVA24515541939910501(C)(3)$893,883Supportive Christian Non-Profit Organization
Academy Center of the Arts
600 Main StreetLYNCHBURGVA24504237061145501(C)(3)$500,000Donation
Gleaning for the World
PO Box 645LumbertonNC24538541930105501(C)(3)$12,785Global Missions
Tim Lee Ministries
PO Box 461674GarlandTX75046731268199501(C)(3)$5,000General Donation
University of Georgia Foundation
394 S Milledge AveAthensGA30605586033837501(C)(3)$10,000Donation for botanical garden
Central VA Foundation for Economic Education & Improvement
2015 Memorial AveLyNCHBURGVA24501541255814501(C)(3)$100,000Donation to building fund
FieldValueIRS element (for citing)
Total501c3 Org6Total501c3OrgCnt

Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp (3 entries)

Grant TypeGrantTypeTxtRecipientRecipientCntCash GrantCashGrantAmtValuation Method UsedValuationMethodUsedDescNon Cash AssistanceNonCashAssistanceDesc
SCHOLARSHIPS85206$220,879,707BookN/A
missionary assistance45$147,323bookn/a
Benevolence3$24,800BookN/A

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePart I, Line 2:FormAndLineReferenceDesc
ExplanationDONATIONS ARE MADE TO NONPROFIT ORGANIZATIONS WHOSE PURPOSES ARE CONSISTENT WITH THE RELIGIOUS AND EDUCATIONAL PURPOSES OF LIBERTY UNIVERSITY. LIBERTY UNIVERSITY MAINTAINS CONTACT WITH ORGANIZATIONS TO ENSURE THE USE OF THE FUNDS ARE APPROPRIATE. Government Funded SCHOLARSHIPS FOR STUDENTS ARE MADE BASED ON FINANCIAL NEED AS PRESCRIBED BY FEDERAL AND STATE REGULATIONS. PRIVATE AND INSTITUTION FUNDED SCHOLARSHIPS ARE AWARDED BASED ON PROGRAM CRITERIA, WHICH INCLUDED SCHOLASTIC MERIT, ATHLETIC EXCELLENCE, ARTISTIC PERFORMANCE, FINANCIAL NEED, HIGH SCHOOL ATTENDED, and FIELD WORKED.ExplanationTxt

Schedule J IRS990ScheduleJ

FieldValueIRS element (for citing)
First Class Or Charter TravelYes (X)FirstClassOrCharterTravelInd
Travel For CompanionsYes (X)TravelForCompanionsInd
Written Policy Ref T And E ExpnssYes (1)WrittenPolicyRefTAndEExpnssInd
Substantiation RequiredYes (1)SubstantiationRequiredInd
Compensation CommitteeYes (X)CompensationCommitteeInd
Compensation SurveyYes (X)CompensationSurveyInd
Board Or Committee ApprovalYes (X)BoardOrCommitteeApprovalInd
Severance Payment0SeverancePaymentInd
Supplemental Nonqual Rtr Plan0SupplementalNonqualRtrPlanInd
Equity Based Comp Arrngm0EquityBasedCompArrngmInd
Comp Based On Revenue Of Flng Org0CompBasedOnRevenueOfFlngOrgInd
Comp Bsd On Rev Related Orgs0CompBsdOnRevRelatedOrgsInd
Comp Bsd Net Earns Flng Org0CompBsdNetEarnsFlngOrgInd
Comp Bsd Net Earns Rltd Orgs0CompBsdNetEarnsRltdOrgsInd
Any Non Fixed Payments0AnyNonFixedPaymentsInd
Initial Contract Exception0InitialContractExceptionInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (23 entries)

TitleTitleTxtBase Compensation Filing OrgBaseCompensationFilingOrgAmtCompensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmtBonus Filing OrganizationBonusFilingOrganizationAmountBonus Related OrganizationsBonusRelatedOrganizationsAmtOther Compensation Filing OrgOtherCompensationFilingOrgAmtOther Compensation Rltd OrgsOtherCompensationRltdOrgsAmtDeferred Compensation Flng OrgDeferredCompensationFlngOrgAmtDeferred Comp Rltd OrgsDeferredCompRltdOrgsAmtNontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmtNontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmtTotal Compensation Filing OrgTotalCompensationFilingOrgAmtTotal Compensation Rltd OrgsTotalCompensationRltdOrgsAmtComp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmtComp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt
Mr Jerry Falwell
CHANCELLOR/President$953,503$0$0$0$6,299$0$27,000$0$31,725$0$1,018,527$0$0$0
David Corry
General Counsel/Secretary$240,879$0$0$0$125$0$11,903$0$22,936$0$275,843$0$0$0
Ron Hawkins
Provost & Chief Academic Officer$257,399$0$0$0$125$0$12,503$0$20,442$0$290,469$0$0$0
Don Moon
CFO/VP of Investment Mgmt$251,645$0$0$0$125$0$12,303$0$16,385$0$280,458$0$0$0
Randall Smith
EVP & COO$365,466$0$0$0$125$0$15,278$0$22,027$0$402,896$0$0$0
Dr Ben Gutierrez
Co-Provost & VP for Academic Affairs$198,973$0$0$0$125$0$7,526$0$12,112$0$218,736$0$0$0
Jeff Barber
Director of Athletics$281,166$0$0$0$50,728$0$15,906$0$23,018$0$370,818$0$0$0
Samuel Beaumont
Senior VP of Auxiliary Service$208,659$0$0$0$125$0$10,253$0$19,715$0$238,752$0$0$0
Lawrence Hine
Senior VP of Student Affairs$179,628$0$0$0$125$0$8,852$0$20,718$0$209,323$0$0$0
Chris Johnson
Executive VP for Resident Enrollment$246,064$0$0$0$30,824$0$12,503$0$22,536$0$311,927$0$0$0
Ronald Kennedy
Executive VP of Online Enrollment$244,762$0$0$0$125$0$12,003$0$22,657$0$279,547$0$0$0
David Nasser
Sr. VP for Spiritual Development$349,286$0$0$0$125$0$17,004$0$12,438$0$378,853$0$0$0
Charles Spence
SR. VP OF CAMPUS FACILITIES & TRANSP$238,582$0$0$0$125$0$11,253$0$20,358$0$270,318$0$0$0
Laura Wallace
Executive VP of Human Resources$289,435$0$0$0$125$0$14,091$0$16,941$0$320,592$0$0$0
Robert Ritz
Sr. VP for University Financial serv$224,904$0$0$0$0$0$10,162$0$22,702$0$257,768$0$0$0
Alan Askew
VP of Major Construction$193,764$0$0$0$0$0$8,283$0$20,678$0$222,725$0$0$0
John Gauger
CIO & VP of Analytics$180,843$0$0$0$0$0$8,920$0$22,064$0$211,827$0$0$0
Turner Gill
Head Coach - Football$882,899$0$0$0$10,320$0$21,667$0$32,395$0$947,281$0$0$0
Ronnie Martin
Dean College of Osteopathic medicine$347,090$0$0$0$0$0$12,250$0$20,915$0$380,255$0$0$0
Ritchie McKay
Head Coach, Men's Basketball$570,311$0$0$0$21,045$0$24,000$0$28,345$0$643,701$0$0$0
Carey Green
Head Coach, Women's Basketball$267,079$0$0$0$0$0$11,343$0$20,776$0$299,198$0$0$0
Brian Faulkner
Dean School of Law$264,911$0$0$0$0$0$12,753$0$23,492$0$301,156$0$0$0
Dale Layer
Former highly compensated employee$286,763$0$0$0$0$0$0$0$0$0$286,763$0$0$0

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
Part I, Line 1aTYPE OF BENEFIT: FIRST-CLASS OR CHARTER TRAVEL LISTED PERSON WHO RECEIVED THE BENEFIT: PRESIDENT OF LIBERTY UNIVERSITY WAS THE BENEFIT TREATED AS TAXABLE TO LISTED PERSON? FOR BUSINESS TRAVEL THE AMOUNT IS NEITHER REIMBURSED NOR IS TAXABLE; FOR PERSONAL TRAVEL, LIBERTY UNIVERSITY IS REIMBURSED SO AMOUNT IS NOT TAXABLE TYPE OF BENEFIT: TRAVEL FOR COMPANIONS LISTED PERSON WHO RECEIVED THE BENEFIT: PRESIDENT OF LIBERTY UNIVERSITY WAS THE BENEFIT TREATED AS TAXABLE TO LISTED PERSON? FOR PERSONAL TRAVEL, LIBERTY UNIVERSITY IS REIMBURSED SO AMOUNT IS NOT TAXABLE
Part I, Line 3COMPENSATION OF THE CHANCELLOR/President AND OTHER Officers and key employees ARE REVIEWED annually BY THE EXECUTIVE COMMITTEE. COMPARABLE SALARY DATA IS REVIEWED WHEN SALARIES ARE SET AND ADJUSTED TO DETERMINE THE REASONABLENESS OF THE COMPENSATION. COMPENSATION IS FURTHER REVIEWED DURING THE BUDGETING PROCESS.

Schedule K IRS990ScheduleK

Tax Exempt Bonds Issues TaxExemptBondsIssuesGrp

FieldValueIRS element (for citing)
Bond ReferenceABondReferenceCd

Issuer Name IssuerName

FieldValueIRS element (for citing)
Business Name Line1VIRGINIA COLLEGE BUILDING AUTHORITYBusinessNameLine1Txt
FieldValueIRS element (for citing)
Bond Issuer EIN541249154BondIssuerEIN
CUSIP927781WR1CUSIPNum
Bond Issued2010-12-21BondIssuedDt
Issue Price$121,891,446IssuePriceAmt
PurposeRefinance debt, educational related new constructionPurposeDesc
Defeased0DefeasedInd
On Behalf Of Issuer0OnBehalfOfIssuerInd
Pool Financing0PoolFinancingInd

Tax Exempt Bonds Proceeds TaxExemptBondsProceedsGrp

FieldValueIRS element (for citing)
Bond ReferenceABondReferenceCd
Retired$23,880,025RetiredAmt
Total Proceeds$121,891,446TotalProceedsAmt
Issuance Costs From Proceeds$1,074,238IssuanceCostsFromProceedsAmt
Capital Expenditures$76,341,830CapitalExpendituresAmt
Other Spent Proceeds$20,595,353OtherSpentProceedsAmt
Substantial Completion2013SubstantialCompletionYr
Current RefundingYes (1)CurrentRefundingInd
Advance Refunding0AdvanceRefundingInd
Final Allocation Made0FinalAllocationMadeInd
Adequate Books And Rec MaintYes (1)AdequateBooksAndRecMaintInd

Tax Exempt Bonds Private Bus Use TaxExemptBondsPrivateBusUseGrp

FieldValueIRS element (for citing)
Bond ReferenceABondReferenceCd
Owning Bond Financed Property0OwningBondFinancedPropertyInd
Any Lease Arrangements0AnyLeaseArrangementsInd
Mgmt Contract Bond Fincd PropYes (1)MgmtContractBondFincdPropInd
Engage Bond Counsel ContractsYes (1)EngageBondCounselContractsInd
Any Research Agreements0AnyResearchAgreementsInd
Private Bus Use By Others0.00650PrivateBusUseByOthersPct
Private Bus Concerning UBI0.02330PrivateBusConcerningUBIPct
Total Private Business Use0.02980TotalPrivateBusinessUsePct
Bond Iss Meet Prvt Sec Pymt TestYes (1)BondIssMeetPrvtSecPymtTestInd
Change In Use Bond Financed Prop0ChangeInUseBondFinancedPropInd
Procs Nonqualified Bond RemdtdYes (1)ProcsNonqualifiedBondRemdtdInd

Tax Exempt Bonds Arbitrage TaxExemptBondsArbitrageGrp

FieldValueIRS element (for citing)
Bond ReferenceABondReferenceCd
Form8038 T FiledYes (1)Form8038TFiledInd
Variable Rate Issue0VariableRateIssueInd
Hedge Identified In Bks And Rec0HedgeIdentifiedInBksAndRecInd
Gross Proceeds Invested In GIC0GrossProceedsInvestedInGICInd
Gross Proceeds Invested0GrossProceedsInvestedInd
Written Proc To Monitor ReqsYes (1)WrittenProcToMonitorReqsInd

Procedures Corrective Action ProceduresCorrectiveActionGrp

FieldValueIRS element (for citing)
Bond ReferenceABondReferenceCd
Procedures Corrective ActionYes (1)ProceduresCorrectiveActionInd

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
Part I Column F:Refinance debt: 44,476,507
Part I Column F:Construct educationally related facilities: 76,341,830

Schedule L IRS990ScheduleL

Loans Btwn Org Interested Prsn LoansBtwnOrgInterestedPrsnGrp

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1substantial contributorBusinessNameLine1Txt
FieldValueIRS element (for citing)
Relationship With OrgSubstantial ContributorRelationshipWithOrgTxt
Loan PurposeConstruction management agent for LU projectsLoanPurposeTxt
Loan From OrganizationYes (X)LoanFromOrganizationInd
Original Principal$750,000OriginalPrincipalAmt
Balance Due$457,947BalanceDueAmt
Default0DefaultInd
Board Or Committee Approval0BoardOrCommitteeApprovalInd
Written AgreementYes (1)WrittenAgreementInd
FieldValueIRS element (for citing)
Total Balance Due$457,947TotalBalanceDueAmt

Grnt Asst Bnft Interested Prsn GrntAsstBnftInterestedPrsnGrp

FieldValueIRS element (for citing)
Cash Grant$424,825CashGrantAmt
Type Of AssistanceGrants to Dependents of Board Members, officers, & key employeesTypeOfAssistanceTxt
Assistance Purposeeducation benefits for dependents of employeesAssistancePurposeTxt

Bus Tr Involve Interested Prsn BusTrInvolveInterestedPrsnGrp (30 entries)

Relationship DescriptionRelationshipDescriptionTxtTransactionTransactionAmtTransactionTransactionDescSharing Of RevenuesSharingOfRevenuesInd
Thomas road baptist church
related party$22,000,000Liberty University purchased school buildings and land from Thomas Road Ba0
Bernie Beckles
Wife OF BOARD MEMBER$18,494Compensation0
Laura Falwell
Daughter in law of board member and Officer$56,915compensation0
jennifer kennedy
wife of a key employee$51,887compensation0
Brandon Elrod
son in law of key employee$39,341compensation0
Sarah Falwell
Daughter in law of board member and Officer$56,840compensation0
JF Management
owned by son of BOARD MEMBER and officer$50,117compensation0
wesley falwell
son of BOARD MEMBER and officer$51,463compensation0
Jessica Smith
Daughter of a Key Employee$23,986compensation0
Jerry Falwell III
son of BOARD MEMBER and officer$119,113compensation0
Jonathan Wallace
Son of a key employee$79,166compensation0
joshua spence
Son of a key employee$42,638compensation0
kathleen spence
Wife of a key employee$54,466compensation0
Nastaran Morgan
Sister of a key employee$44,774compensation0
Ryan D Rush
Son in law OF BOARD MEMBER$34,556compensation0
Scott Hawkins
Son of an officer$208,681compensation0
Tammy Gutierrez
Wife of an officer$81,060compensation0
Vincent Tickle
Son in law OF BOARD MEMBER$77,498compensation0
Virginia Dow
Sister in Law of a key employee$97,157compensation0
Donna Barber
Wife of key employee$10,092compensation0
Dr Elmer Towns
Co-founder$122,257compensation0
Redfinch Solutions
Business owned by key employee$123,950Payment paid for services; rent received0
substantial contributor
substantial contributor$114,833payment for equipment and software renewal0
substantial contributor
substantial contributor$196,059payment for equipment0
substantial contributor
substantial contributor$504,849payments for fuel, payments received for advertising0
substantial contributor
substantial contributor$25,003,223payment for construction services, payment received for suite rental and ad0
substantial contributor
substantial contributor$4,742,601payment for investment management services0
substantial contributor
substantial contributor$145,038,503payment for construction services, payment received for rent & interest0
substantial contributor
substantial contributor$105,698payment for heating and air installation and service, payments received for0
substantial contributor
substantial contributor$44,892payment for rent & payments received for advertising0

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferenceSchedule L, Part IV, Business Transactions Involving Interested PersonsFormAndLineReferenceDesc
ExplanationThe compensation amounts also include benefits.ExplanationTxt

Schedule M IRS990ScheduleM

Boats And Planes BoatsAndPlanesGrp

FieldValueIRS element (for citing)
Non Cash CheckboxYes (X)NonCashCheckboxInd
Contribution2ContributionCnt
Noncash Contributions Rpt F990$39,112NoncashContributionsRptF990Amt
Method Of Determining RevenuesFAIR MARKET VALUEMethodOfDeterminingRevenuesTxt

Securities Publicly Traded SecuritiesPubliclyTradedGrp

FieldValueIRS element (for citing)
Non Cash CheckboxYes (X)NonCashCheckboxInd
Contribution3ContributionCnt
Noncash Contributions Rpt F990$30,614NoncashContributionsRptF990Amt
Method Of Determining RevenuesFAIR MARKET VALUEMethodOfDeterminingRevenuesTxt

Other Non Cash Contri Table OtherNonCashContriTableGrp (4 entries)

Non Cash CheckboxNonCashCheckboxIndDescDescContributionContributionCntNoncash Contributions Rpt F990NoncashContributionsRptF990AmtMethod Of Determining RevenuesMethodOfDeterminingRevenuesTxt
Yes (X)Horses7$239,500FAIR MARKET VALUE
Yes (X)Video Equipment1$8,596FAIR MARKET VALUE
Yes (X)Oriental Rug1$4,700FAIR MARKET VALUE
Yes (X)Christmas Decorations1$2,125FAIR MARKET VALUE
FieldValueIRS element (for citing)
Any Property That Must Be Held0AnyPropertyThatMustBeHeldInd
Review Process Unusual NC GiftsYes (1)ReviewProcessUnusualNCGiftsInd
Third Parties Used0ThirdPartiesUsedInd

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (7 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
Form 990, Part VI, Section A, line 2MR. JERRY FALWELL, JR. AND MR. JONATHAN FALWELL CURRENTLY SIT ON THE BOARD OF TRUSTEES AND ARE BROTHERS. Mr. Jeffrey F. Benson and Mrs. Gaye Overton Benson currently sit on the board of trustees and are husband and wife.
Form 990, Part VI, Section B, line 11bThe form 990 for FY June 30, 2017 was provided before filing to the Chancellor/President, In-house Legal Counsel, Chief Financial officer, director of accounting and the executive committee of the board (which is the governing body of the organization between board meetings) for review.
Form 990, Part VI, Section B, line 12cThe CFO collects annual conflict of interest questionnaires and, pursuant to the bylaws, brings any disclosed conflicts of interest to the audit committee. If a conflict of interest arises it is handled on a case by case basis where legal counsel, the Chairman of the Board of Trustees and the President of the University decide on the most appropriate course of action. Recusal from any deliberations and vote concerning matters impacted by the conflict would be the typical solution.
Form 990, Part VI, Section B, line 15COMPENSATION OF THE CHANCELLOR/President AND OTHER Officers and key employees ARE REVIEWED annually BY THE EXECUTIVE COMMITTEE. COMPARABLE SALARY DATA IS REVIEWED WHEN SALARIES ARE SET AND ADJUSTED TO DETERMINE THE REASONABLENESS OF THE COMPENSATION. COMPENSATION IS FURTHER REVIEWED DURING THE BUDGETING PROCESS.
Form 990, Part VI, Section C, line 19GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST.
Form 990, Part XI, line 9:CHANGE IN SPLIT INTEREST AGREEMENT 5,545,164.
Form 990, Part XII, Line 2c:The organization did not change its oversight process or selection process during the tax year.

Schedule R IRS990ScheduleR

Id Disregarded Entities IdDisregardedEntitiesGrp (20 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdEINEINPrimary ActivitiesPrimaryActivitiesTxtLegal Domicile StateLegalDomicileStateCdTotal IncomeTotalIncomeAmtEnd Of Year AssetsEndOfYearAssetsAmtBusiness Name Line1DirectControllingEntityName/BusinessNameLine1Txt
C&C Jetting LLC
1971 UNIVERSITY BLVDLYNCHBURGVA24515540946734AIRFARE FOR UNIVERSITY AFFAIRSVA-$2,140,396$8,774,419LIBERTY UNIVERSITY INC
Ivy Hill Recreation LLC
1971 UNIVERSITY BLVDlYNCHBURGVA24515460903360RecrEATIONVA-$34,407$2,762,352lIBERTY UNIVERSITY INC
LIBERTY MOUNTAIN CONFERENCE CENTER LLC
1971 UNIVERSITY BLVDLYNCHBURGVA24515275427434CENTER FOR EDUCATIONAL CONFERENCESVA-$13,674$285,496LIBERTY UNIVERSITY INC
LIBERTY RIDGE LLC
1971 UNIVERSITY BLVDLYNCHBURGVA24515270714028REAL ESTATE HOLDINGSVA$247,338$9,907,349LIBERTY UNIVERSITY INC
LU CANDLERS STATION HOLDINGSLLC
1971 UNIVERSITY BLVDLYNCHBURGVA24515271753489REAL ESTATE HOLDINGSVA$831,216$25,073,532LIBERTY UNIVERSITY INC
LU PLAZA HOLDINGSLLC
1971 UNIVERSITY BLVDLYNCHBURGVA24515270217985REAL ESTATE HOLDINGSVA$603,512$25,750,042LIBERTY UNIVERSITY INC
Morning Star Broadcasting LLC
1971 UNIVERSITY BLVDlYNCHBURGVA24515463731118television broadcastingVA$22,861,940$24,673,064liBERTY UNIVERSITY INC
crossroads investments llc
1971 UNIVERSITY BLVDlYNCHBURGVA24515473991939real ESTATE HOLDINGSVA$2,183$349,209lIBERTY UNIVERSITY INC
liberty mountain medical group llc
1971 UNIVERSITY BLVDlYNCHBURGVA24515472935244medical educationVA-$531,838$518,256lIBERTY UNIVERSITY INC
Burton Realty I
1971 UNIVERSITY BLVDlYNCHBURGVA24515540946734REAL ESTATE HOLDINGSVA$4,124$7,977,131lIBERTY UNIVERSITY INC
Burton Realty II
1971 UNIVERSITY BLVDlYNCHBURGVA24515540946734REAL ESTATE HOLDINGSVA$4,299$8,316,584lIBERTY UNIVERSITY INC
Burton Realty III
1971 UNIVERSITY BLVDlYNCHBURGVA24515540946734REAL ESTATE HOLDINGSVA$88$169,726lIBERTY UNIVERSITY INC
Burton Realty IV
1971 UNIVERSITY BLVDlYNCHBURGVA24515540946734REAL ESTATE HOLDINGSVA$88$169,726lIBERTY UNIVERSITY INC
Burton Realty V
1971 UNIVERSITY BLVDlYNCHBURGVA24515540946734REAL ESTATE HOLDINGSVA$88$169,726lIBERTY UNIVERSITY INC
Burton Realty VI
1971 UNIVERSITY BLVDlYNCHBURGVA24515540946734REAL ESTATE HOLDINGSVA$88$169,726lIBERTY UNIVERSITY INC
liberty motion picture company
1971 UNIVERSITY BLVDlYNCHBURGVA24515465653798cinematic artsVA-$21,788$34,563lIBERTY UNIVERSITY INC
airport plaza holdings llc
1971 UNIVERSITY BLVDlYNCHBURGVA24515471347963reaL ESTATE HOLDINGSVA$417,449$7,136,239lIBERTY UNIVERSITY INC
Red Tie Music LLC
1971 UNIVERSITY BLVDlYNCHBURGVA24515461340766To facilitate the publishing efforts of studentsVA$21,586$154,312lIBERTY UNIVERSITY INC
Liberty Health Services LLC
1971 UNIVERSITY BLVDlYNCHBURGVA24515475575947investment in medical entities to achieve medical school COCA AccreditationVA$16,846$2,184,396lIBERTY UNIVERSITY INC
LUCOM Graduate Medical Education Services LLC
1971 UNIVERSITY BLVDLYNCHBURGVA24515540946734Medical Health EducationVA$0$0lIBERTY UNIVERSITY INC

Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp (5 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdEINEINPrimary ActivitiesPrimaryActivitiesTxtLegal Domicile StateLegalDomicileStateCdExempt Code SectionExemptCodeSectionTxtPublic Charity StatusPublicCharityStatusTxtBusiness Name Line1DirectControllingEntityName/BusinessNameLine1TxtControlled OrganizationControlledOrganizationInd
Thomas Road Baptist Church Corporation
1971 UNIVERSITY BLVDLYNCHBURGVA24515260061907RELIGIOUSVA501(c)(3)Line 1board of trustees0
LIBERTY UNIVERSITY FOUNDATION
1971 UNIVERSITY BLVDLYNCHBURGVA24515541939910RELIGIOUSDC501(c)(3)Line 10Liberty University IncYes (1)
Old Time Gospel Hour
1971 UNIVERSITY BLVDLYNCHBURGVA24515237293001RelIGIOUSVA501(c)(3)Line 10Liberty University IncYes (1)
Liberty Christian Academy
1971 UNIVERSITY BLVDLYNCHBURGVA24515540831546Primary and Secondary EducationVA501(c)(3)Line 2Liberty University IncYes (1)
liberty university endowment trust
1971 UNIVERSITY BLVDlYNCHBURGVA24515541851119reLIGIOUSVA501(c)(3)Line 10liberty University IncYes (1)

Id Related Org Txbl Partnership IdRelatedOrgTxblPartnershipGrp

Related Organization Name RelatedOrganizationName

FieldValueIRS element (for citing)
Business Name Line1River Ridge Mall JV LLCBusinessNameLine1Txt

US Address USAddress

FieldValueIRS element (for citing)
Address Line12030 Hamilton Place Blvd Suite 500AddressLine1Txt
CityChattanoogaCityNm
State AbbreviationTNStateAbbreviationCd
ZIP374216000ZIPCd
FieldValueIRS element (for citing)
EIN811762010EIN
Primary ActivitiesRental Real EstatePrimaryActivitiesTxt
Legal Domicile StateTNLegalDomicileStateCd

Direct Controlling Entity Name DirectControllingEntityName

FieldValueIRS element (for citing)
Business Name Line1Liberty University IncBusinessNameLine1Txt
FieldValueIRS element (for citing)
Predominant Income TypeInvestment/UnrelatedPredominantIncomeTypeTxt
Share Of Total Income$2,547,878ShareOfTotalIncomeAmt
Share Of EOY Assets$44,309,269ShareOfEOYAssetsAmt
Disproportionate Allocations0DisproportionateAllocationsInd
UBI Code V$55,650UBICodeVAmt
General Or Managing Partner0GeneralOrManagingPartnerInd
Ownership0.75000OwnershipPct

Id Related Org Txbl Corp Tr IdRelatedOrgTxblCorpTrGrp (3 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdEINEINPrimary ActivitiesPrimaryActivitiesTxtLegal Domicile StateLegalDomicileStateCdBusiness Name Line1DirectControllingEntityName/BusinessNameLine1TxtEntity TypeEntityTypeTxtShare Of Total IncomeShareOfTotalIncomeAmtShare Of EOY AssetsShareOfEOYAssetsAmtOwnershipOwnershipPctControlled OrganizationControlledOrganizationInd
Freedom Aviation
310 HANGAR ROADLYNCHBURGVA24502540755641PROVIDES FLIGHT INSTRUCTION TO STUDENTS AND CHARTER SERVICES TO PUBLICVALIBERTY UNIVERSITY INCC$471,245$6,304,2661.00000Yes (1)
G&J THOMAS Inc
1971 UNIVERSITY BLVDLYNCHBURGVA24515450596703STUDENT HOUSINGVALIBERTY UNIVERSITY INCS$112,116$4,922,8791.00000Yes (1)
LIBERTY MOUNTAIN CAPITAL Inc
1971 UNIVERSITY BLVDLYNCHBURGVA24515272376207INVESTMENT HOLDINGS COMPANYVALIBERTY UNIVERSITY INCC$76,024$457,5271.00000Yes (1)
FieldValueIRS element (for citing)
Receipt Of Int Annts Rnts RyltsYes (1)ReceiptOfIntAnntsRntsRyltsInd
Gift Grnt Or Cap Contri To Oth OrgYes (1)GiftGrntOrCapContriToOthOrgInd
Gift Grnt Cap Contri From Oth Org0GiftGrntCapContriFromOthOrgInd
Loans Or Guarantees To Other OrgYes (1)LoansOrGuaranteesToOtherOrgInd
Loans Or Guarantees From Oth Org0LoansOrGuaranteesFromOthOrgInd
Div Related Organization0DivRelatedOrganizationInd
Asset Sale To Other Org0AssetSaleToOtherOrgInd
Asset Purchase From Other Org0AssetPurchaseFromOtherOrgInd
Asset Exchange0AssetExchangeInd
Rental Of Facilities To Oth OrgYes (1)RentalOfFacilitiesToOthOrgInd
Rental Of Fclts From Oth OrgYes (1)RentalOfFcltsFromOthOrgInd
Perform Of Services For Oth Org0PerformOfServicesForOthOrgInd
Perform Of Services By Other OrgYes (1)PerformOfServicesByOtherOrgInd
Sharing Of FacilitiesYes (1)SharingOfFacilitiesInd
Paid Employees SharingYes (1)PaidEmployeesSharingInd
Reimbursement Paid To Other Org0ReimbursementPaidToOtherOrgInd
Reimbursement Paid By Other OrgYes (1)ReimbursementPaidByOtherOrgInd
Transfer To Other Org0TransferToOtherOrgInd
Transfer From Other Org0TransferFromOtherOrgInd

Transactions Related Org TransactionsRelatedOrgGrp (10 entries)

Transaction TypeTransactionTypeTxtInvolvedInvolvedAmtMethod Of Amount DeterminationMethodOfAmountDeterminationTxt
Freedom Aviation
A$108,302ACCRUAL
Old time gospel hour
A$15,416aCCRUAL
liberty university foundation
B$893,883aCCRUAL
Freedom Aviation
B$462,923ACCRUAL
freedom Aviation
D$3,500,000acCRUAL
old time gospel hour
D$311,778aCCRUAL
Freedom Aviation
J$186,491aCCRUAL
G&J Thomas Inc
K$468,435aCCRUAL
Freedom Aviation
M$4,186,665aCCRUAL
liberty christian academy
Q$137,342aCCRUAL