2016-11-14T16:28:51-06:00 2016-05-31 420714325 RSM US LLP 1 S WACKER DRIVE STE 800 CHICAGO IL 60606 990 2015-06-01 350868181 Taylor University TAYL 7659984634 236 West Reade Avenue Upland IN 46989 Stephen Olson VP of Finance 7659984634 2016-11-14 1 Wayne Harder P00294296 3126343400 2015 2017-02-10 21:41:12Z Eugene Habecker 236 West Reade Avenue Upland IN 46989 99962660 0 X www.Taylor.edu X 1846 IN Develop servant leaders to minister Christ's redemptive love and truth to a world in need. 25 22 2249 98 0 0 23900965 9006212 72452036 74725134 2681509 3130188 -1437 278 99033073 86861812 19653482 22779560 0 0 36449466 37871017 52753 14580 3087051 26289943 26947753 82445644 87612910 16587429 -751098 252575649 246606950 43858189 43855996 208717460 202750954 X The mission of Taylor University is to develop servant leaders marked with a passion to minister Christ's redemptive love and truth to a world in need. 0 0 77645759 22779560 74725134 In order to advance our mission, Taylor University is committed to the following purposes: -Whole Person Focused: We involve students in learning experiences imbued with a vital Christian interpretation of truth and life which foster their intellectual, emotional, physical, vocational, social, and spiritual development. -Biblically Anchored and Liberal Arts Grounded: We offer a liberal arts, professional, and life-long education based upon the conviction all truth has its source in God and His Word. See Schedule O for continuation- -Christ Centered: Our Christian faith should permeate all learning, leading to a consistent life of worship, servant leadership, stewardship, and world outreach. -Faith and Learning Integrated: We strive to create specific experiences where the integrative focus of a Christian liberal arts education is clarified, personalized, and applied. -World Engaging: We contribute to the advancement of human knowledge and understanding and serve the evangelical Christian church and the larger (public) community for the glory of God. -Servant Leader Motivated: We foster a biblical model of relationships acknowledging both unity and diversity of the followers of Christ within a covenant community, which can be evidenced in a continuing lifestyle of service to and concern for others.At Taylor University we are actively seeking students who possess exceptional academic preparation and are ready to contribute to our robust learning community. This year's incoming freshman class had an average GPA of 3.7 and an ACT of 25. At Taylor University we will work hard to provide the people, the services, the tools, and the environment - in general, the resources - to help students successfully pursue their calling.These outstanding students help us get noticed. Taylor University, year after year, continues to receive recognition at the very highest levels in the various college and university rankings. For the tenth straight year, Taylor University received the ranking of #1 in the category Regional Colleges-Midwest from U.S. News & World Report and Taylor University has remained in the top 3 in this ranking for the past 20 years. Taylor was the only Indiana-based school to achieve a number one university-wide ranking. Taylor was also highly ranked by The Princeton Review and Forbes. Open Doors ranks Taylor 2nd among the nation's baccalaureate institutions for undergraduate participation rate in study abroad programs and ranks Taylor 7th among baccalaureates nationally for the actual number of undergraduate students participating. Each of the publications measured criteria that cited the academic excellence of Taylor's faculty and students, the satisfaction and retention of students (freshman retention 86%, average graduation rate 76%), the percentage of students studying abroad, and the investment made by alumni.Focus on International Study443 students earned academic credit while participating in over 30 programs, in over 33 countries. Students also earned credit in service learning or cross cultural programs as short-term missionaries to U.S. cities. Taylor University also has a student exchange agreement with a university in South Korea that provides the opportunity for a limited number of students from each institution to spend one semester as a guest student on the other's campus. This program promotes cross-cultural understanding as well as offering a full semester of college credit. 77645759 1 1 0 0 0 1 1 1 0 1 1 0 0 0 1 1 0 1 1 1 1 1 0 1 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 1 0 1 0 0 0 1 1 1 1 0 0 1 3522 0 1 2249 1 0 1 EI 0 0 0 1 1 0 0 0 0 X 25 22 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 IN X David Lloyd 7659984634 236 West Reade Avenue Upland IN 46989 Eugene Habecker President 60.00 6.00 X X 247593 0 56014 Wellington Chiu Chairman, deceased March 2016 6.00 X X 0 0 0 Mark Taylor Chairman, as of March 2016 6.00 X X 0 0 0 Chris L Goeglein Vice Chairman 6.00 X X 0 0 0 Kathy Stevens Secretary 2.00 X X 0 0 0 Nicholas Wallace Treasurer 2.00 X X 0 0 0 Angela Angelovska-Wilson Trustee 2.00 X 0 0 0 Jonathan Beukelman Trustee 2.00 X 0 0 0 James Blum Trustee 2.00 X 0 0 0 Paige Cunningham Trustee 2.00 X 0 0 0 Mark Davis Trustee 2.00 X 0 0 0 Barbara Dickinson Trustee 2.00 X 0 0 0 Richard W Gygi Trustee 2.00 X 0 0 0 Paul Lowell Haines Trustee 2.00 X 0 0 0 Rhonda Jeter-Twilley Trustee 2.00 X 0 0 0 Stephen L Johnson Trustee 2.00 X 0 0 0 Heather Larson Trustee 2.00 X 0 0 0 Susan McCabe Trustee 2.00 X 0 0 0 Gregory A Poland Trustee 2.00 X 0 0 0 Manuel Rosado Trustee 2.00 1.00 X 0 0 0 Douglas Rupp Trustee 2.00 X 0 0 0 Mark W Soderquist Trustee 2.00 X 0 0 0 Martha Songer Trustee 2.00 X 0 0 0 Karen Thomas Trustee 2.00 X 0 0 0 Shani P Wilfred Trustee 2.00 X 0 0 0 Dan Wolgemuth Trustee 2.00 X 0 0 0 Stephen Olson VP of Finance 40.00 10.00 X 102111 0 29540 Jeff Moshier Provost 50.00 X 153096 0 35391 Ron Sutherland VP of Business Administration 50.00 1.00 X 128158 0 32559 Ben Sells VP of Advancement 50.00 X 139987 0 34181 Coein Skip Trudeau VP of Student Development 50.00 X 113418 0 30232 Stephen Mortland VP of Enrollment Mgmt. & Marketing 50.00 X 103717 0 29613 988080 0 247530 7 0 1 0 Michael Kinder & Sons Inc 5206 Decatur Road Fort Wayne IN 46806 Building Construction 12377873 Creative Dining Services One Royal Park Drive Suite 3 Zeeland MI 49644 Food Services 2572789 Sinewave Audio Inc 4518 S Madison Avenue Anderson IN 46013 Sound Systems 613121 World of Travel 860 W Long Lake Road Suite 100 Bloomfield Hills MI 48302 Travel Services 524727 JG Bowers Inc 1629 S Joaquin Drive Marion IN 46953 Building Construction 269657 27 13508 51000 553760 8387944 341922 9006212 Tuition and fees 900099 58668221 58668221 Dormitory fees 721310 7175139 7175139 Food services 900099 6785171 6785171 Athletics 900099 420144 420144 Bookstore commissions 451211 99952 99952 1576507 1576507 74725134 2771859 2771859 13449825 13091496 358329 358329 358329 9630 13508 9352 278 278 86861812 74725134 0 3130466 22751397 22751397 28163 28163 622297 513181 75431 33685 233673 192700 28324 12649 25187950 20908008 2916498 1363444 2174829 1793485 263619 117725 7943970 6551040 962917 430013 1708298 1408757 207069 92472 11752 9691 1425 636 239724 181042 58682 79748 79748 14580 14580 478009 478009 1662369 1370882 201502 89985 183848 151611 22285 9952 651768 537484 79003 35281 691130 569945 83774 37411 1750182 1443297 212146 94739 1666709 1374461 202028 90220 1284971 1059659 155756 69556 1257540 1257540 5603645 4621077 679238 303330 582482 480347 70605 31530 Food Service Costs 4892356 4892356 Academics&Student Life 1908734 1908734 Operating Supplies 841826 694216 102041 45569 3160960 2946686 214274 87612910 77645759 6880100 3087051 6954940 3846350 16326577 6649555 1187152 986621 2393378 2395133 311458 338710 785843 807855 178078364 65180813 101882113 112897551 107198212 103107112 6815142 6361418 8720834 9216645 252575649 246606950 5125934 5572451 403776 525829 30253631 28631100 1575000 8074848 7551616 43858189 43855996 X 100361523 109163611 46720644 29878379 61635293 63708964 208717460 202750954 252575649 246606950 X -751098 -5314364 98956 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 2 15000 81227 1 1 X 2 92.07 0 0 1 0 475082 X X X X 0 81048187 1934347 -2949861 1891099 1057179 353767 76730628 79677038 2235146 2014884 1946998 566343 365540 81048187 72523418 3054156 7932698 1786393 1711036 335805 79677038 65605004 2175831 9872873 1727373 3003025 399892 72523418 71098560 1491311 -2219439 1585399 2944016 236013 65605004 0.10700 0.70700 0.18600 1 0 2629355 2629355 146547200 48095968 98451232 8786046 5038301 3747745 20072763 12046544 8026219 43000 43000 112897551 Taylor University Health Plan Trust 1748413 Fair Value of Interest Rate Swap Agreements 900089 Student Advance Payments and Deposits 868914 Federal Student Loan Advances 2002305 Deferred Compensation Liability 15571 Annuity and Trust Obligations 2016324 7551616 X Part II, Line 3: There was no current year activity related to the easement held by the University. The value of this property is carried on the balance sheet at its historical value. Part III, Line 4: The Edwin W. Brown Collection includes first English and American editions of books authored, edited, or with prefaces by C.S. Lewis, published essays and lectures of C.S. Lewis, two Lewis manuscripts, and books about C.S. Lewis, as well as first and reprint editions of George MacDonald and first editions of Charles Williams, Dorothy L. Sayers, and Owen Barfield. It also contains several manuscripts, letters, contracts, and photographs. The collection is more valuable in its entirety than the individual parts alone. In addition, it provides enhanced educational opportunities for students and faculty at Taylor University. The cultural, literary, and religious aims of the collection can be expanded through the educational curriculum offerings of lectures and seminars. In fact, Taylor University will have the potential to reach beyond the literary collection and bring C.S. Lewis scholars to the campus. Part V, Line 4: Endowments provide scholarship/grant opportunities for students, provide educational program opportunities, and provide institutional support for the university and its operations in support of its purpose and mission. Part X, Line 2: The Organization has received a determination letter from the Internal Revenue Service indicating it is a tax-exempt organization as provided in Section 501(c)(3) of the Internal Revenue Code and is exempt from federal and state income taxes on income related to its exempt purpose. The accounting guidance for uncertainty in income taxes prescribes the recognition threshold a tax position is required to meet before being recognized in the financial statements. The guidance also addresses de-recognition, classification, interest and penalties on income taxes, and accounting in interim periods. Management believes there are no material uncertainties in income taxes. The Organization files the appropriate tax forms in the U.S. federal jurisdiction and the state of Indiana. With few exceptions, the Organization is no longer subject to examination by the Internal Revenue Service or state of Indiana for years before 2013. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 Schedule E, Part I, Line 3 Taylor University is in compliance with Rev. Proc. 75-50. Nondiscrimination policies are included in all materials available to the public. Schedule E, Part I, Line 6 Taylor University receives assistance and grants from the following federal programs: Perkins, SEOG, Pell, Federal Direct Loan Programs and work study. 0 East Asia and the Pacific - Australia, Brunei, Burma, Cambodia, 0 0 Program Services Off-Campus Studies 19138 Europe (Including Iceland & Greenland) - Albania, Andorra, Austria, Belgium 1 2 Program Services Off-Campus Studies 752811 Middle East and North Africa 0 0 Program Services Off-Campus Studies 50153 Central America and the Caribbean 0 0 Program Services Off-Campus Studies 24200 South America - Argentina, Bolivia, Brazil, Chile, Columbia, Ecuador, 0 0 Program Services Off-Campus Studies 238440 Sub-Saharan Africa - Angola, Benin, Botswana, Burkina, Faso, 0 0 Program Services Off-Campus Studies 11600 1 2 0 0 1 2 1096342 0 1096342 Sub-Saharan Africa Contribution to Samuel Morris Educational Resource & Conference Center 28163 Statue of Samuel Morris Book Value 1 0 0 0 0 0 0 0 X X X X X X 1 Langley Innovations 10958 Bloomingdale Dr Rockville MD 20852 Consulting 0 0 14580 -14580 14580 -14580 AL AK AZ AR CO CT DE DC FL GA HI ID IL IN IA KS KY LA ME MD MA MI MN MS MO MT NE NV NH NM NC ND OH OK OR PA RI SC SD TN TX UT VT VA WV WI WY Golf Tournament 23138 13508 9630 9352 23138 13508 9630 9352 9352 278 1 Scholarships & Grants 1887 22751397 Part I, Line 2: Grants to individuals: The University provides financial assistance to students that submit a written application and meet the University's criteria for financial assistance. Applications are reviewed by the Financial Aid Department and/or scholarship committees, depending upon the particular terms of each scholarship. Awards are applied against the student's tuition due to the University. The University monitors each student to assure that he/she remains enrolled in school and continues to satisfy the criteria for his/her specific scholarship. If the student withdraws from the University, then any remaining funds are returned to the scholarship pool to be awarded to another student. X X 1 1 X X X X 0 0 0 0 0 0 0 0 0 Eugene Habecker President 244486 0 0 0 3107 0 29338 0 26676 0 303607 0 0 0 Jeff Moshier Provost 151512 0 0 0 1584 0 18421 0 16970 0 188487 0 0 0 Ron Sutherland VP of Business Administration 127171 0 0 0 987 0 15662 0 16897 0 160717 0 0 0 Ben Sells VP of Advancement 138724 0 0 0 1263 0 17241 0 16940 0 174168 0 0 0 Part I, Line 1a The University President lives in a residence that is located on the campus of the University. The President is required to live in the residence as a condition of his employment. The residence is furnished for the convenience of the University and the President regularly uses it to conduct University business. In addition, University staff clean the public areas of the residence and maintain the residence and its grounds. The value of the benefits provided was $25,579. The amount was non-taxable. A Town of Upland Indiana 356001216 915395DV6 2007-12-12 4239420 Student Residential Apartment Building 0 1 0 B Town of Upland Indiana 356001216 NoneAvail 2010-07-12 4760000 Wolgemuth Hall Apartment 0 1 0 C Town of Upland Indiana 356001216 NoneAvail 2011-07-07 9050000 Euler Science Complex 0 1 0 D Town of Upland Indiana 356001216 915395EJ2 2012-06-27 11350219 Refund prior issue 0 1 0 A 1449420 4239420 248577 84788 3104511 801544 2007 1 0 1 1 B 875000 4760000 100000 42000 4618000 2011 0 0 1 1 C 1458976 9050000 50000 9000000 2011 0 0 1 1 D 2635219 11350219 951828 176271 10222120 2012 1 1 1 1 A 0 0 0 0 0 0 1 B 0 0 0 0 0 0 1 C 0 0 0 0 0 0 1 D 0 0 0 0 0 0 1 A 0 0 1 1 0 0 0 0 0 B 0 0 0 1 1 1 Regions Bank 20.000000000000 0 0 0 0 0 C 0 0 1 0 1 0 Regions Bank 20.000000000000 1 0 0 0 1 D 0 1 0 1 0 0 0 0 1 A 0 B 0 C 0 D 0 Date Rebate Computation Performed Issuer Name: Town of Upland, Indiana Date the Rebate Computation was Performed: 04/28/2015 Issuer Name: Town of Upland, Indiana Date the Rebate Computation was Performed: 08/10/2015 Issuer Name: Town of Upland, Indiana Date the Rebate Computation was Performed: 09/01/2015 A Town of Upland Indiana 356001216 NoneAvail 2012-12-11 6500000 Breuninger Hall 0 1 0 A 947143 6500000 78794 6421206 2013 0 0 1 1 A 0 0 0 0 0 0 1 A 0 1 1 0 1 0 0 0 1 A 0 Marylou Habecker Wife of President, Eugene Habecker 36694 Employee Compensation 0 Ronald Korfmacher Brother-in-law of Paul Lowell Haines, Trustee 68558 Employee Compensation 0 Ken Wolgemuth Brother of Dan Wolgemuth, Trustee 91656 Employee Compensation 0 X 19 283086 FMV X 1 146 FMV X Horse 1 55000 FMV X Weight Room Equipment 1 2250 FMV X Bicycles 2 1000 FMV X Board Games 1 440 FMV 9 0 1 0 Part I, Column (b): This is the number of contributions and the number of contributors. Form 990, Part VI, Section B, line 11 The University's board of directors has delegated authority for the formal review of its Form 990 to the Audit Committee. The Audit Committee substantively reviewed the Form 990 prior to its filing. In addition, the University's independent CPA firm prepared the Form 990 and then reviewed it with the management team and with the audit committee. The University utilized this process to ensure that its Form 990 received substantive review by directors and professionals with specific knowledge of the University's activities and extensive financial, accounting, and tax expertise. A copy of the Form 990 is provided to the organization's governing body before it is filed with the IRS. Form 990, Part VI, Section B, line 12c The University has adopted a Conflict of Interest Policy that requires directors, officers and key employees to submit an annual conflict of interest disclosure. The annual disclosure requires directors, officers, and key employees to disclose, in writing, any known financial interest that the individual (together with family members) has in any business entity that transacts business with the University. In addition, directors, officers, and key employees are required to immediately disclose any possible conflict of interest that arises mid-year in relation to a proposed transaction. The Conflict of Interest Policy requires that any individual with a conflict be recused from the decision making process, that independent directors or committee members determine that the proposed transaction is in the best interests of the University, and the transaction must be approved by a vote of the independent directors or committee members without the participation of any interested individual. The annual conflict disclosure statements are submitted to, and reviewed by, the Audit Committee, composed of independent outside directors. In addition, the executive staff is responsible for monitoring any possible conflict transactions that arise and managing them to ensure that all transactions represent arms' length, fair market value terms for the benefit of the University. Form 990, Part VI, Section B, line 15 The University has adopted an Executive Compensation and Intermediate Sanctions Policy that ensures that all compensation arrangements with related parties are evaluated and entered at arms' length and that any compensation that is paid to a related party is reasonable and reflects fair market value. The Policy encourages the application of the rebuttable presumption standard of Code Section 4958 and the related Treasury Regulations by (a) excluding any interested party from the decision making process, (b) requiring disinterested board or committee members to obtain and rely upon comparability data when setting the proposed compensation terms, (c) requiring the approval of the transaction in advance by disinterested directors or committee members, and (d) requiring contemporaneous documentation (i.e. minutes) reflecting the decision and the process by which it was made. In the case of the President's compensation, the Executive Committee of the board of directors, composed entirely of independent outside directors, is responsible for ensuring that the process outlined above is applied. Form 990, Part VI, Section C, line 19 The organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request, either as printed or an electronic copy for the same period of disclosure as set forth in IRC section 6104(d). Form 990, Part XI, line 9: Change in Fair Value of Interest Rate Swap Agreements 46,428. Change in Fair Value of Split-Interest Agreements 52,528. Taylor Angel Fund LLC 236 West Read Ave Upland IN 46989 New business/research endeavors IN 0 0 Taylor University William Taylor Foundation 236 W Reade Avenue Upland IN 46989 356047122 Support Taylor University IN 501(c)(3) Line 11a, I Taylor University 1 Taylor University Broadcasting Inc 1025 W Rudisill Boulevard Fort Wayne IN 46807 351975367 Christian Broadcasting IN 501(c)(3) Line 11a, I Taylor University 1 Charitable Remainder Unitrusts (11) Charitable Trust IN Taylor University T 1 0 0 1 0 0 0 0 0 0 0 0 1 0 1 1 0 0 0 0 William Taylor Foundation C 51000 Actual William Taylor Foundation O 64000 Per Agreement Taylor University Broadcasting Inc L 1369398 Actual