2017-05-08T18:25:53-07:00 2016-06-30 990 2015-07-01 540525605 SHENANDOAH UNIVERSITY SHEN 5406654515 1460 University Drive Winchester VA 22601 Tracy Fitzsimmons President 5406654515 2017-05-08 2015 2021-01-29 14:40:06Z Tracy Fitzsimmons President 1460 University Drive Winchester VA 22601 147374716 0 X www.su.edu X 1875 VA Shenandoah University educates and inspires individuals to be critical, reflective thinkers; lifelong learners; and ethical, compassionate citizens who are committed to making responsible contributions within a community, a nation and the world. A Shenandoah University education incorporates scholarship, experiential learning and sophisticated technologies as well as practical wisdom. The University provides students with the academic content and analytical skills they'll need to launch successful careers, and harness technologies that will enable them to create new ideas, products and services that impact a global society. 37 33 2777 300 474447 0 6740717 12867499 103050157 110146763 6335475 5948063 598640 355235 116724989 129317560 23962738 25340358 0 0 52389102 55465009 0 0 1793358 33080433 34368208 109432273 115173575 7292716 14143985 213716904 222014655 71140988 74589260 142575916 147425395 Shenandoah University educates and inspires individuals to be critical, reflective thinkers; lifelong learners; and ethical, compassionate citizens who are committed to making responsible contributions within a community, a nation and the world. The University offers over 40 undergraduate degrees, over 20 graduate degrees, and undergraduate and graduate certificates through its seven schools of study. The University is affiliated with the United Methodist Church and fosters a nurturing environment in which students learn, grow, and flourish. 0 0 74561562 25340358 98196448 During the fiscal year 2015-2016 Shenandoah University continued its focus on excellence and innovation with enrollment of 4,329 students in graduate and undergraduate program in Fall 2015 through its seven schools and more than 90 programs of study. 11383417 0 1037374 Student services includes admissions, registrar, student affairs, student organizations and athletic programs. During fiscal year 2015-2016, Shenandoah University had 81 recognized student clubs and organizations. Shenandoah University sponsored 19 intercollegiate teams (10 for women and 9 for men), with a total student-athlete involvement of approximately 531. Intercollegiate athletics are an integral aspect of student life on the Shenandoah University campus, with the majority of students involved either as participants or spectators. 6478215 0 9988251 Auxiliary services includes the University's residence halls, bookstore, and childcare facilities. During fiscal year 2015-2016, Shenandoah housed approximately 917 students on campus. 8577072 0 924690 Shenandoah University's other program services not detailed in Part III include the maintenance of Shenandoah University's campuses. 8577072 0 924690 101000266 1 1 0 1 0 0 0 1 0 1 1 0 0 0 1 1 0 1 1 0 1 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 1 1 1 1 1 0 0 0 1 0 0 0 1 5410 0 1 2777 1 1 1 0 0 0 0 1 1 0 1 1 0 0 X 37 33 0 0 0 0 0 0 0 1 1 0 1 1 1 1 1 1 1 1 1 1 1 1 X Tracy Fitzsimmons President 5406654505 1460 University Drive Winchester VA 22601 Walter H Aikens Trustee 0 0 X 0 0 0 J Gregory Bennett Trustee 0 0 X 0 0 0 Teresa A Cluss Trustee 0 0 X 0 0 0 Laura N Dabinett Trustee 0 0 X 0 0 0 Andrew U Ferrari Past Chair 0 0 X 0 0 0 Robert J Frogale Trustee 0 0 X 0 0 0 Mary Bruce Glaize Trustee 0 0 X 0 0 0 Reverend Tommy Herndon Trustee 0 0 X 0 0 0 L Janell Hoffman Trustee 0 0 X 0 0 0 Bruce E Hunter Trustee 0 0 X 0 0 0 Diane S Kearns Trustee 0 0 X 0 0 0 Marjorie S Lewis Chair 0 0 X 0 0 0 Ann K MacLeod Trustee 0 0 X 0 0 0 Art H Major Trustee 0 0 X 0 0 0 Keith A May Trustee 0 0 X 0 0 0 Rebecca A Merriner Trustee 0 0 X 0 0 0 M Yaqub Mirza Trustee 0 0 X 0 0 0 Richard R J Morin Trustee 0 0 X 0 0 0 Nicholas J Nerangis Sr Trustee 0 0 X 0 0 0 Mark J Ohrstrom Trustee 0 0 X 0 0 0 Debra S Orbacz Trustee 0 0 X 0 0 0 Bipin B Patel Trustee 0 0 X 0 0 0 Reverend John B Peters Trustee 0 0 X 0 0 0 Mary Farland Shockey Trustee 0 0 X 0 0 0 Gerald F Smith Jr Trustee 0 0 X 0 0 0 Harry S Smith Treasurer 0 0 X 0 0 0 Mark E Stavish Secretary 0 0 X 0 0 0 John D Stokely Jr Vice Chair 0 0 X 0 0 0 James A Stutzman Jr Trustee 0 0 X 0 0 0 Reverend Lawrence R Thompson Jr Trustee 0 0 X 0 0 0 Charles A Veatch Trustee 0 0 X 0 0 0 Beatrice B von Gontard Trustee 0 0 X 0 0 0 F Dixon Whitworth Jr Trustee 0 0 X 0 0 0 James R Wilkins Jr Trustee 0 0 X 0 0 0 Heather H Wilson Trustee 0 0 X 0 0 0 Irene R Wurtzel Trustee 0 0 X 0 0 0 Tracy Fitzsimmons President and Registered Agent 40 0 X 340149 0 71564 Adrienne G Bloss VP for Academic Affairs 40 0 X 177544 0 39538 Mitchell L Moore Senior VP and VP for Advancement 40 0 X 164567 0 46185 Clarresa M Morton VP for Enrollment Mgmt and Student Success 40 0 X 136136 0 18611 Rhonda VanDyke Colby VP for Student Life 40 0 X 116287 0 19418 Robert L Keasler Jr VP of Administration and Finance 40 0 X 13832 0 2378 Michael Stepniak Dean of Conservatory 40 0 X 211029 0 20196 Alan B McKay Dean of Pharmacy 40 0 X 200825 0 30901 Pamela Shelton Project Manager and Former Associate Dean 40 0 X 150571 0 20211 Timothy Ford Dean of Health Professions 40 0 X 148427 0 25560 R T Good Associate Dean of Business 40 0 X 145905 0 20393 Miles K Davis Dean of Business School 40 0 X 143220 0 11607 John O'Conor Professor of Keyboard 40 0 X 140799 0 25047 Arthur Harralson Associate Dean of Research 40 0 X 139898 0 33466 Richard C Shickle Sr Former VP for Administration and Finance 40 0 X 160413 0 24283 2389602 0 409358 70 1 1 0 Sodexo Campus Services PO Box 536922 Atlanta GA 303536922 Food Service 2983803 H & W Construction Co PO Box 2468 Winchester VA 22604 Construction 927831 Howard Shockey & Sons Inc PO Box 2530 Winchester VA 226041730 Construction 616893 Valley Health System PO Box 3979 Winchester VA 22604 Renovations 415323 Ellucian Inc 62814 Collections Ctr Dr Chicago IL 60693 Software vendor 284441 21 0 0 2902 0 2465200 10399397 176882 12867499 Tuition and Fees 611310 98196448 98196448 0 0 Auxiliary Services 900099 9988251 0 463747 9524504 University Campuses 900099 924690 0 10700 913990 Ticket Sales 900099 622960 0 0 622960 Student Service Commissions 900099 414414 0 0 414414 110146763 1244972 0 0 1244972 0 0 0 0 275888 275888 0 0 288384 0 203737 0 84647 0 84647 0 0 84647 22475989 0 17772898 0 4703091 0 4703091 0 0 4703091 75221 2902 80521 -5300 0 -5300 0 129317560 98472336 474447 17503278 0 0 25340358 25340358 0 0 0 0 1996158 1428994 200513 366651 0 0 0 0 43608944 37921597 4875902 811445 2411984 2065213 329071 17700 4282920 3647335 512680 122905 3165003 2747024 342206 75773 0 0 0 0 150736 15178 135558 0 88244 0 88244 0 4584 0 4584 0 0 0 199449 0 199449 0 38250 0 38250 0 370418 218694 149974 1750 2316996 1790051 399815 127130 0 0 0 0 0 0 0 0 6307783 6175122 129226 3435 2578226 2417120 122928 38178 0 0 0 0 0 0 0 0 1371589 1244127 127462 0 0 0 0 0 7770955 6635967 1134988 0 671769 252565 419204 0 Meals/Rm Charge 3892878 3751085 89711 52082 Equipment Rental 2089847 963504 1076159 50184 Contract Service 2097160 1425258 633725 38177 Publication 1582246 1418726 123321 40199 2837078 1542348 1246981 47749 115173575 101000266 12379951 1793358 2670 2670 14753299 21004551 3606552 8032926 1693606 1678668 2959005 2812334 1609606 2116285 194596451 66815154 125308703 127781297 53165229 47404276 10618234 8452600 1952623 776425 213716904 222014655 5857110 7501240 2434386 2497038 2538616 2324109 56170000 54908480 3118911 3586664 1021965 3771729 71140988 74589260 X 84303239 88076987 33180203 33876040 25092474 25472368 142575916 147425395 213716904 222014655 X 14143985 -6515039 0 0 0 -2779467 X 0 1 X 1 1 1 X 4964040 9906612 7370143 6740717 12867499 41849011 0 0 0 0 0 0 0 0 0 0 0 0 4964040 9906612 7370143 6740717 12867499 41849011 15489036 26359975 2019040 1963263 2063136 1995431 1809244 9850114 0 75 88 9897 528 10588 74904 69443 64854 81834 75219 366254 52075967 110146763 0.50618 0.5076 X Schedule A, Part II, Line 10 This amount includes income from a variety of fundraising events held throughout the year. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 0 1 4584 4584 0 Schedule C, Part II-B, Line 1 Shenandoah University is a dues paying member of The Council of Independent Colleges in Virginia. The Council of Independent Colleges in Virginia operates as a nonprofit, 501(c)(6) organization representing 28 accredited nonprofit independent colleges and universities in Virginia. They work collaboratively in the areas of public policy, cost containment, and professional development as well as providing support to member institutions and their students in the areas of government relations, collaboration, research, and public relations. In the course of their activities for this year, they calculated the actual percentage of membership dues that was used for lobbying was 12.21%. 0 498434 0 165074 X X 0 63021010 848014 -118312 1505818 1748556 175497 60320841 62660241 1077504 2512098 1401667 1627608 199558 63021010 54892584 1000616 9793601 1315591 1551843 159126 62660241 52748470 505590 4521387 1242926 1479247 160690 54892584 53406834 651720 1391159 1158358 1399949 142936 52748470 0.2 0.38 0.42 1 0 3263000 9987066 13250066 3215000 122468348 34150992 91532356 0 3353821 696634 2657187 0 32838706 22454475 10384231 0 19470510 9513053 9957457 127781297 0 Beneficial Trusts 288170 Obligation under interest rate swap agreement 3483559 3771729 X 120338263 -6515039 30951 0 -2495209 -8979297 129317560 0 0 0 129317560 115488784 30951 0 0 284258 315209 115173575 0 0 0 115173575 Schedule D, Part III, Line 4 The collections of Shenandoah University include paintings, drawings, prints, photographs, sculptures, historical items and decorative arts. These items are on display throughout the University and for public exhibition. Schedule D, Part V, Line 4 The University has adopted investment and spending policies for endowment assets that attempt to provide a predictable stream of funding to programs supported by its endowment while seeking to maintain the purchasing power of the endowment assets. Endowment assets include those asets of donor-restricted funds that the University must hold in perpetuity or for a donor-specified period(s) as well as board-designated funds. The objective of the endowment portfolio of the University is to achieve maximum total return consisten with assuming a reasonable degree of risk. Schedule D, Part X, Line 2 The Financial Accounting Standards Board issued guidance on accounting for uncertainty in income taxes. Management evaluated the University's tax positions and concluded that the University had taken no uncertain tax positions that require adjustment to the financial statements to comply with the provisions of this guidance. With few exceptions, the University is no longer subject to income tax examinations by the US Federal, state or local tax authorities for tax years before 2013. Schedule D, Part XI, Line 2d Fundraising and rental expenses reported as a reduction of income on Page 9, Part VIII - Also includes unrealized loss on SWAP Agreements reported on Page 12 Part XI, Line 9. Schedule D, Part XII, Line 2d Fundraising and rental expenses reported as a reduction of income on Page 9, Part VIII, Lines 6b & 8b, respectively. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 Schedule E, Part I, Line 3 Shenandoah University includes a racially nondiscriminatory policy with all of its brochures and publications and also publishes on its school website as well as a local newspaper. Schedule E, Part I, Line 6 Shenandoah University received contributions from various government agencies in the amount of $2,465,200 as indicated on From 990, Part VIII, line 1e. Central America and the Caribbean 0 0 Program Services Educations travel and services 31000 East Asia and the Pacific 0 0 Program Services Educational services, travel and advertising 35000 Europe (including Iceland and Greenland) 0 0 Program Services Educational travel, services and advertising, honorariums 195000 South America 0 0 Program Services Educational travel 107000 South Asia 0 0 Program Services Educational travel 37000 Sub-Saharan Africa 0 0 Program Services Educational travel and services 37000 0 0 442000 0 0 0 0 0 0 Raffle 41910 0 41910 9250 0 0 8255 0 1934 Pharmacy Golf 15103 1300 13803 0 1020 8399 14068 6436 7581 2 21108 1600 19508 0 0 0 10423 0 13155 78121 2900 75221 9250 1020 8399 32746 6436 22670 80521 -5300 1 Academic Scholarships 2318 14282512 0 Based on Academic Achievement Undergraduate and Graduate need based scholarships 1363 5346312 0 Determination based on financial need Graduate and Undergraduate 228 2252347 0 Based on criteria of defined scholarship Graduate Fellowships 747 1958838 0 Enrollment in an eligible graduate program Federal Grants 629 1124826 0 Based on criteria of grant Graduate Assistantships 51 355880 0 Based on academic achievement Awards/Grants 75 19643 0 Criteria of award or grant Schedule I, Part I, Line 2 The process of packaging financial aid is the culmination of the complete analysis of student need and the aid administration cycle, the process of preparation for packaging is completed accurately and confidentially to ensure effective use of all aid funds available, as well as fair and equitable treatment to all applicants. X X 1 1 X 0 0 0 0 0 0 0 0 0 Tracy Fitzsimmons President and Registered Agent 314817 0 0 0 25332 0 46099 0 25465 0 411713 0 0 0 Adrienne G Bloss VP for Academic Affairs 161373 0 0 0 16171 0 19073 0 20465 0 217082 0 0 0 Richard C Shickle Sr Former VP for Administration and Finance 151145 0 0 0 9268 0 16759 0 7524 0 184696 0 0 0 Mitchell L Moore Senior VP and VP for Advancement 133127 0 0 0 31440 0 24770 0 21415 0 210752 0 0 0 Clarresa M Morton VP for Enrollment Mgmt and Student Success 127003 0 0 0 9133 0 10542 0 8069 0 154747 0 0 0 Rhonda VanDyke Colby VP for Student Life 72886 0 0 0 43400 0 10550 0 8869 0 135705 0 0 0 Robert L Keasler Jr VP of Administration and Finance 12759 0 0 0 1074 0 1082 0 1296 0 16211 0 0 0 Michael Stepniak Dean of Conservatory 202763 0 0 0 8265 0 12127 0 8069 0 231224 0 0 0 Alan B McKay Dean of Pharmacy 184593 0 0 0 16232 0 14583 0 16319 0 231727 0 0 0 Pamela Shelton Project Manager and Former Associate Dean 142007 0 0 0 8565 0 12142 0 8069 0 170783 0 0 0 Timothy Ford Dean of Health Professions 138124 0 0 0 10303 0 11938 0 13621 0 173986 0 0 0 R T Good Associate Dean of Business 112226 0 0 0 33679 0 9774 0 10619 0 166298 0 0 0 Miles K Davis Dean of Business School 127260 0 0 0 15959 0 11312 0 295 0 154826 0 0 0 John O'Conor Professor of Keyboard 121355 0 0 0 19443 0 11278 0 13769 0 165845 0 0 0 Arthur Harralson Associate Dean of Research 127237 0 0 0 12660 0 11501 0 21965 0 173363 0 0 0 Schedule J, Part I, Line 1a The University provides a housing allowance, car or mileage allowance, and social club dues to officers and key employees. The amount provided is included in their taxable wages. A Virginia College Building Authority 541249154 2011-12-09 36455000 Education Facilities 0 0 0 B Industrial Development Authority of Clarke County Virginia 541070553 2011-12-27 7815000 Education Facilities 0 0 0 C Economic Development Authority of the Town of Mount Jackson Virginia 542053914 2012-12-28 10000000 Education Facilities 0 0 0 D Economic Development Authority of the Town of Mount Jackson Virginia 542053914 2013-04-24 6000000 Education Facilities 0 0 0 A 0 0 36455000 0 0 35999505 384543 0 70952 0 0 0 2011 1 0 1 1 B 0 0 7815000 0 0 5032001 82073 0 0 2700926 0 0 2013 1 0 1 1 C 0 0 10000000 0 0 0 115620 0 0 9884380 0 0 2013 0 0 1 1 D 0 0 6000000 0 0 0 56716 0 0 5943284 0 0 2015 0 0 1 1 A 0 0 0 0 0 0 0 0 0 1 B 0 0 0 0 0 0 0 0 0 1 C 0 0 0 0 0 0 0 0 0 1 D 0 0 0 0 0 0 0 0 0 1 A 0 0 1 0 1 1 Branch Banking and Trust 10 0 0 0 0 1 B 0 0 1 0 1 1 Branch Banking and Trust 9.5 0 0 0 0 1 C 0 0 1 0 1 1 Branch Banking and Trust 10 0 0 0 0 1 D 0 0 1 0 1 1 Branch Banking and Trust 10 0 0 0 0 1 A 1 B 1 C 1 D 1 A Economic Development Authority of the Town of Mount Jackson Virginia 542053914 2015-12-22 10000000 Education Facilities 0 0 0 B Economic Development Authority of the Town of Mount Jackson Virginia 542053914 2016-01-22 10000000 Education Facilities 0 0 0 A 0 0 10000000 0 0 0 174621 0 0 9825379 0 0 0 0 1 1 B 0 0 10000000 0 0 0 133793 0 0 9866207 0 0 0 0 1 1 A 0 0 0 0 0 0 0 0 0 1 B 0 0 0 0 0 0 0 0 0 1 A 0 0 1 0 1 1 Branch Banking and Trust 8 0 0 0 0 1 B 0 0 1 0 1 1 Branch Banking and Trust 8 0 0 0 0 1 A 1 B 1 H and W Construction Officer serves as trustee 927831 Construction 0 Howard Shockey and Sons Inc Officer serves as trustee 616893 Construction 0 Gear Clean Inc Officer serves as trustee 281700 Renovation 0 Mark A Turner Family member of trustee 55021 Compensation 0 X 29439 FMV X 11 182004 FMV X 3 5860 FMV X 2 600 FMV X Program Support 11 54360 FMV 0 0 1 0 Form 990, Part VI, Section B, Line 11b Each trustee receives a copy of the Form 990 for review prior to the filing deadline. Form 990, Part VI, Section B, Line 12c All key employees are trustees are asked to review conflict of interest policy and complete a conflict of interest questionnaire annually. Form 990, Part VI, Section B, Line 15 A committee uses compensation reviews and benchmarks to recommend the president's salary to the board. The board approves the president's salary each year. The president approves the salaries of the officers and key employees, which the board approves when passing the budget. Form 990, Part VI, Section C, Line 18 Form 990 is available to the public via Guidestar. Form 990, Part VI, Section C, Line 19 Governing documents, conflict of interest policy and financial statements are made available to the public upon request. Form 990, Part XI, Line 9 Unrealized loss on SWAP agreements of $2,779,467 142 N Loudoun St Management LC 1460 University Drive Winchester VA 22601 452794548 Real Estate Investment VA N/A C -47884 3588305 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0