2018-05-11T11:41:03-07:00 2017-06-30 990 2016-07-01 541061178 REGENT UNIVERSITY REGE 7573524050 1000 Regent University Drive Virginia Beach VA 23464 Dean Wooten VP of Finance 7573524050 2018-05-11 2016 2022-09-23 18:48:47Z M G Robertson 1000 Regent University Drive Virginia Beach VA 23464 167920729 0 X www.regent.edu X Educational 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. 20 17 1926 41 205273 -910616 2283295 1502042 107760566 121396665 5641928 -437586 492997 323002 116178786 122784123 18975360 22978921 0 0 58979803 67363985 0 0 2149571 56352389 55884825 134307552 146227731 -18128766 -23443608 227219857 217296796 133538097 137257432 93681760 80039364 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 118355098 22957591 110498301 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. 1,110 Graduate degrees, 524 Undergraduate degrees and 14 Associate degrees were awarded in 2016-2017. (8,952 students) 8955649 0 10911787 Hospitality Services - Hotel and conference center providing conference services, food and beverage services, banquets and other various hospitality services. 0 0 0 127310747 1 1 0 0 0 0 0 0 0 1 1 1 0 0 0 1 0 1 1 0 1 0 1 0 0 0 0 1 1 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 1 1 1 1 0 0 1 12523 0 1926 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 20 17 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 Michael J Cummins Board Member 1 0 X 0 0 0 James M Gregory 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 2 X 0 0 0 M G Robertson Chancellor-CEO 20 20 X X 2825 36010 148185 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 326422 0 36218 Louis A Isakoff Vice President and General Counsel 40 0 X 304765 0 40260 Robert Owen Chief Financial Officer 40 0 X 299234 0 37479 Sherry R Miller Vice President for Univ Marketing & Public Relations 40 0 X 254968 0 23929 Joseph Umidi Executive Vice President for Student Life 40 0 X 241029 0 25001 Martha J Smith Vice President for Human Resources & Administration 40 0 X 239050 0 30736 Ann R LeBlanc Vice President for Advancement 40 0 X 204229 0 26513 Dean A Wooten Vice President for Finance 40 0 X 155375 0 30616 Michael Hernandez Dean - Law School 40 0 X 236829 0 31086 Lynne Kohm Professor - Law School 40 0 X 213591 0 31115 John E Mulford Director - Center for Entrepreneurship 40 0 X 185854 0 31770 Jeffrey A Brauch Professor - Law School 40 0 X 166438 0 31070 Bruce Winston Professor - School of Business 40 0 X 165997 0 23630 Carlos A Campo Former President 0 0 X 165997 0 16294 3162603 36010 563902 61 1 1 0 Google Inc Dept 33654 PO Box 39000 San Francisco CA 94139 Advertising Services 10977337 Becker Media Inc 144 Linden St Oakland CA 94607 Ad and Marketing Consultants 3320323 Christian Broadcasting Network 977 Centerville Turnpike Virginia Beach VA 23464 Facility Services/Security 3194421 Microsoft Online Inc 6100 neil Rd Suite 100 Reno NV 89511 Advertising Services 2394097 Double Positive Marketing Group 62865 Collection Center Dr Chicago IL 606930628 Advertising Services 1959670 23 0 0 0 0 200638 1301404 12844 1502042 Tuition and Fees 611310 103952729 103952729 0 0 Sales and Services - Auxiliary 611710 5487245 5487245 0 0 Sales and Services Educational 611710 21987 21987 0 0 Miscellaneous 611710 1022917 1022917 0 0 Hotel Food and Beverage Service 721110 10911787 10911787 0 0 0 0 0 0 121396665 3698289 0 62866 3635423 0 0 0 0 54185 0 0 54185 19400 297 0 0 19400 297 19697 0 19400 297 41000731 0 45136606 0 -4135875 0 -4135875 0 -126113 -4009762 0 Bookstore Commissions 451211 249120 0 249120 0 0 0 0 0 249120 122784123 121396665 205273 -319857 5500 5500 22957591 22957591 15830 15830 0 0 2155274 532138 1375119 248017 0 0 0 0 51620594 43447557 7390976 782061 1546354 1202747 315414 28193 8492599 8484533 -211947 220013 3549164 2946235 527937 74992 0 0 0 0 111887 26512 83469 1906 154300 0 154300 0 0 0 0 0 0 0 0 0 0 0 6159442 3677681 2201800 279961 22251143 21770467 477250 3426 2736290 1815446 703218 217626 2343183 1131755 1211361 67 6153 6153 0 0 10076484 9573747 455695 47042 979455 790489 71861 117105 0 0 0 0 67423 60728 5698 997 415451 374053 41398 0 0 0 0 0 5635075 4901727 695781 37567 467348 37213 430135 0 Repairs/Maintenance/Restrictions Relieved 1073466 506086 555334 12046 Hospitality/Bad Debt Expense 499972 453494 -29476 75954 Hotel Services and Support 2166898 1928629 238269 0 740855 664436 73821 2598 146227731 127310747 16767413 2149571 85435 47842 1044427 1265774 45515 40515 4219481 1375684 0 0 3976000 0 0 0 90026 82074 1270639 1217121 220610346 118230144 104063840 102380202 80600302 79773424 20811380 20552903 11012812 10561257 0 0 0 0 227219857 217296796 11657902 13002781 0 0 1031681 925041 86485287 85853630 0 0 0 0 33975980 37475980 0 0 387247 0 133538097 137257432 X 70288260 55116546 3704458 4298140 19689042 20624678 93681760 80039364 227219857 217296796 X -23443608 0 0 0 0 9801212 X 0 1 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 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 170064000 362000 11644000 0 25500000 0 156570000 0.82 0.17 0.01 0 0 0 8277883 8277883 0 127328326 48742250 78586076 0 1684145 1471340 212805 0 80602322 68016554 12585768 0 2717670 0 2717670 102380202 0 0 Venture Capital 8993299 F Hedge Funds 11295205 F Real Estate 18928 F Commodities 245471 F 20552903 0 X 112422000 12478194 0 0 -313000 12165194 100256806 0 22527317 22527317 122784123 124846000 0 0 0 1562000 1562000 123284000 0 22943731 22943731 146227731 Schedule D, Part V, Line 4 The 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 313,000 which is the change in loss attributable to Frio Energy which is reflected on a separate return. Schedule D, Part XI, Line 4b Add institutional scholarships of $22,527,096 which are included in expenses for the 990. Add back $221 for rounding purposes. Schedule D, Part XII, Line 2d Subtract 1,562,000 which is loss attributable to Frio Energy that is reflected on a separate tax return. Schedule D, Part XII, Line 4b Add institutional scholarships of $22,527,096 which are included in expenses for the 990, Add back 417,000 for Henrico, Inc. which is reflected on a separate tax return. Subtract $365 for rounding purposes. 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. 1 East Asia and the Pacific 0 0 Program Services Internship program 13330 Sub-Saharan Africa 0 0 Program Services Invest in educ institution 2500 0 0 15830 Internship grants East Asia and the Pacific 6 13330 Wire transfer 0 Investment Sub-Saharan Africa 1 2500 Wire Transfer 0 0 0 0 0 0 0 Schedule F, Part I, Line 2 Regent University may fund international grants in accordance with its tax exempt purpose. Regent University will document reasons a grantee is eligible to receive said grant. Grantees will agree to provide a financial report of the use of the funds and a description of the results obtained from their grant. Regent University will monitor its international grants through reviewing written reports from grantees on the use of the funds, visits by personnel to selected projects funded by the grants and personal knowledge by Regent University personnel of the grantee's use of the funds. 1 Calvary International PO Box 10305 Jacksonville FL 32247 592142637 501(c)(3) 5500 FMV Contribution to support person who travels and promotes Business Development Centers in Rwanda and Uganda in association with Regent's Center for Entrepreneurship. 1 0 Scholarships for students at Regent University 8313 22892579 0 Cash stipends given to student interns working with legal organizations combatting human sex trafficking and other human rights issues. 29 46812 0 Various cash stipends given to students from restricted funds for specific student groups. 45 18200 0 Schedule I, Part I, Line 2 The 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 1 0 0 0 0 0 0 1 0 Gerson Moreno-Riano Executive Vice President for Academic Affairs 251035 0 75387 0 0 0 7688 0 28530 0 362640 0 0 0 Louis A Isakoff Vice President and General Counsel 304765 0 0 0 0 0 9153 0 31107 0 345025 0 0 0 Robert Owen Chief Financial Officer 299234 0 0 0 0 0 9135 0 28344 0 336713 0 0 0 Sherry R Miller Vice President for Univ Marketing & Public Relations 202697 0 52272 0 0 0 6150 0 17779 0 278898 0 0 0 Joseph Umidi Executive Vice President for Student Life 212000 0 29029 0 0 0 6090 0 18911 0 266030 0 0 0 Martha J Smith Vice President for Human Resources & Administration 209115 0 29936 0 0 0 6090 0 24646 0 269787 0 0 0 Ann R LeBlanc Vice President for Advancement 202229 0 0 0 0 0 6367 0 20146 0 228742 0 0 0 Dean A Wooten Vice President for Finance 155375 0 0 0 0 0 4867 0 25750 0 185992 0 0 0 Michael Hernandez Dean - Law School 236829 0 0 0 0 0 7290 0 23796 0 267915 0 0 0 Lynne Kohm Professor - Law School 156482 0 0 0 57109 0 4792 0 26323 0 244706 0 0 0 John E Mulford Director - Center for Entrepreneurship 185854 0 0 0 0 0 5618 0 26153 0 217625 0 0 0 Jeffrey A Brauch Professor - Law School 166438 0 0 0 0 0 5100 0 25970 0 197508 0 0 0 Bruce Winston Professor - School of Business 165997 0 0 0 0 0 4014 0 19616 0 189627 0 0 0 Carlos A Campo Former President 165997 0 0 0 0 0 5355 0 10939 0 182291 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. 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 4 Carlos Campo received severance payments based on his agreement with the severance package given by Regent University. 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 Ruby Moreno Family member of Exec VP for Academic Affairs 47952 Employment compensation 0 Shana Sandin Family member of VP of Human Resources & Administration 36992 Employment compensation 0 Victoria Cole Family member of Exec VP of Academic Affairs 18087 Employment compensation 0 Tova Sandin Family member of VP of Human Resources & Administration 21619 Employment compensation 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 for Regent University 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 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. 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 9,801,212 to reflect the change in gain/loss from last year to this year 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 11345000 2724000 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 FMW Henrico Inc p 1100000 FMV Frio Energy Inc b 1127000 FMV Extension filed and approved.