2016-02-29T16:27:38-06:00 2015-05-31 752393478 WHITLEY PENN LLP 8343 DOUGLAS AVENUE SUITE 400 DALLAS TX 75225 990 2014-06-01 741193459 SCHREINER UNIVERSITY SCHR 8307927368 2100 MEMORIAL BLVD KERRVILLE TX 78028 BILL MUSE VICE PRESIDENT 8307927368 2016-02-23 1 CURTIS MAXFIELD P00445178 2143939300 2014 2016-08-17 19:52:53Z BILL MUSE 2100 MEMORIAL BLVD KERRVILLE TX 78028 31737596 0 X WWW.SCHREINER.EDU X 1923 TX SCHREINER IS DEDICATED TO EXCELLENCE IN PREPARING STUDENTS TO LIVE PURPOSEFUL, HUMANE AND PRODUCTIVE LIVES IN THEIR WORK, FAITH GROUPS, FAMILIES AND COMMUNITIES. 34 34 827 450 0 0 7744491 3445002 26392892 27718038 58481 282986 164816 -473183 34360680 30972843 2119130 2084152 0 0 14260351 14319831 0 0 1533181 12566322 13969225 28945803 30373208 5414877 599635 133085331 133907024 21168942 19981911 111916389 113925113 X AS A UNIVERSITY COMMITTED TO THE LIBERAL ARTS AS FUNDAMENTAL TO EDUCATION AND COMMITTED TO ITS AFFILIATION WITH THE PRESBYTERIAN CHURCH (USA), SCHREINER IS DEDICATED TO EXCELLENCE IN PREPARING STUDENTS TO LIVE PURPOSEFUL, HUMANE AND PRODUCTIVE LIVES IN THEIR WORK,FAITH GROUPS, FAMILIES AND COMMUNITIES. SCHREINER IS DEDICATED PRIMARILY TO EDUCATE UNDERGRADUATE STUDENTS IN THE LIBERAL ARTS, SCIENCES, AND PROFESSIONAL DISCIPLINES, PREPARING THEM FOR ENTRY INTO SPECIFIC CAREERS AND GRADUATE OR PROFESSIONAL PROGRAMS. THE UNIVERSITY ALSO FULFILLS ITS MISSION THORUGH SELECTED GRADUATE, CERTIFICATE, AND OTHER PROFESSIONAL DEVELOPMENT PROGRAMS. SCHREINER UNIVERSITY IS ACCREDITED BY THE COMMISSION ON COLLEGES OF THE SOUTHERN ASSOCIATION OF COLLEGES AND SCHOOLS TO AWARD MASTERS, BACCALAUREATE AND ASSOCIATE DEGREES. THE UNIVERSITY ALSO HOLDS ACCREDITATION BY THE TEXAS BOARD OF VOCATIONAL NURSE EXAMINERS AND IS APPROVED BY THE STATE BOARD OF EDUCATOR CERTIFICATION (SEBC)FOR TEACHER CERTIFICATION. 0 0 12966828 17802654 INSTRUCTIONAL, STUDENT SERVICES, AND ACADEMIC SUPPORT: SCHREINER UNIVERSITY OFFERS UNDERGRADUATE DEGREES IN LIBERAL ARTS, SCIENCES AND MATHEMATICS, AND PROFESSIONAL STUDIES. THE UNIVERSITY ALSO HAS A GRADUATE PROGRAM FOR A MASTER OF EDUCATION DEGREE. 2084152 2084152 SCHREINER PROVIDED 1,146 STUDENTS WITH SCHOLARSHIPS AND GRANTS TO ASSIST WITH EARNING A DEGREE AT THE UNIVERSITY. 10579652 -486247 THE UNIVERSITY PROVIDES HOUSING TO STUDENTS AND INSTITUTIONAL SUPPORT TO THE EDUCATIONAL DEPARTMENTS ON CAMPUS. 25630632 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 52 0 1 827 1 0 0 0 0 0 1 1 0 0 0 0 X 34 34 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 X CHRISTA SMITH 8308957114 2100 MEMORIAL BLVD KERRVILLE TX 78028 JANET RAGSDALE TRUSTEE/VICE CHAIR 1.00 0.00 X X 0 0 0 MIKE PATE TRUSTEE/BOARD CHAIR 1.00 0.00 X X 0 0 0 RON TEFTELLER TRUSTEE/SECRETARY 1.00 0.00 X X 0 0 0 BILL HARRISON TRUSTEE 1.00 0.00 X 0 0 0 BILL REID TRUSTEE 1.00 0.00 X 0 0 0 BOB SCOTT TRUSTEE 1.00 0.00 X 0 0 0 BOB WILSON TRUSTEE 1.00 0.00 X 0 0 0 BOBBY PARKER TRUSTEE 1.00 0.00 X 0 0 0 BOBBY RIOS TRUSTEE 1.00 0.00 X 0 0 0 BRIAN SULLIVAN TRUSTEE 1.00 0.00 X 0 0 0 BUD BENNING TRUSTEE 1.00 0.00 X 0 0 0 CARLOS CAMPOS TRUSTEE 1.00 0.00 X 0 0 0 CATHY HENRY TRUSTEE 1.00 0.00 X 0 0 0 DAN OSTOS TRUSTEE 1.00 0.00 X 0 0 0 DAVID EVANS TRUSTEE 1.00 0.00 X 0 0 0 DEAN POGUE TRUSTEE 1.00 0.00 X 0 0 0 DEMMIE MAYFIELD TRUSTEE 1.00 0.00 X 0 0 0 ESTELA AVERY TRUSTEE 1.00 0.00 X 0 0 0 FRANK MARESH TRUSTEE 1.00 0.00 X 0 0 0 GRANGER MACDONALD TRUSTEE 1.00 0.00 X 0 0 0 ISRAEL PENA TRUSTEE 1.00 0.00 X 0 0 0 JB COSKEY TRUSTEE 1.00 0.00 X 0 0 0 JAMES AVERY TRUSTEE 1.00 0.00 X 0 0 0 JANET MCKINNEY TRUSTEE 1.00 0.00 X 0 0 0 JO BERAN TRUSTEE 1.00 0.00 X 0 0 0 JOHN BRANTLEY TRUSTEE 1.00 0.00 X 0 0 0 KARL RANSLEBEN TRUSTEE 1.00 0.00 X 0 0 0 LEA NYE TRUSTEE 1.00 0.00 X 0 0 0 MARK CLEMENTS TRUSTEE 1.00 0.00 X 0 0 0 MAX SHERMAN TRUSTEE 1.00 0.00 X 0 0 0 NANCY ANGUISH TRUSTEE 1.00 0.00 X 0 0 0 NANCY PAUP TRUSTEE 1.00 0.00 X 0 0 0 NICK SERAFY TRUSTEE 1.00 0.00 X 0 0 0 PAGE FOSHEE TRUSTEE 1.00 0.00 X 0 0 0 PETER BALDWIN TRUSTEE 1.00 0.00 X 0 0 0 PHILLIP HERING TRUSTEE 1.00 0.00 X 0 0 0 RICK CREE TRUSTEE 1.00 0.00 X 0 0 0 ROB LOHMEYER TRUSTEE 1.00 0.00 X 0 0 0 STUART BASKIN TRUSTEE 1.00 0.00 X 0 0 0 SUE CUMMINGS TRUSTEE 1.00 0.00 X 0 0 0 TOM BALDWIN TRUSTEE 1.00 0.00 X 0 0 0 WALTER WORKMAN TRUSTEE 1.00 0.00 X 0 0 0 WARREN FERGUSON TRUSTEE 1.00 0.00 X 0 0 0 BILL MUSE VP ADMIN & FINANCE 40.00 0.00 X 137827 0 18108 CHARLIE MCCORMICK VP ACADEMIC AFFAIRS/PROVOST 40.00 0.00 X 128576 0 22365 LARRY CANTU VP ENROLLMENT 40.00 0.00 X 114442 0 11735 MARK TUSCHAK VP OF ADVANCEMENT 40.00 0.00 X 135384 0 22937 TIM SUMMERLIN PRESIDENT 40.00 0.00 X 231683 0 29384 747912 0 104529 7 0 1 0 HUSER CONSTRUCTION 410 COTTON GIN LN KERRVILLE TX 78028 CONSTRUCTION 5807788 GLAHI TRUST 200 SOUTH WALKER STE 1000 CHICAGO IL 60606 INSURANCE 2229118 COMPASS GROUP 2400 YORKMONT ROAD CHARLOTTE NC 28217 CAFETERIA SERVICES 2041448 RAFTER INC 1200 PARK PLACE 250 SAN MATEO CA 94403 BOOKS 666908 ELAN CORPORATE PMT SYSTEMS PO BOX 6335 FARGO ND 58125 CORPORATE CREDIT CARD 598537 26 3445002 190623 3445002 TUITION AND FEES 611600 17802654 17802654 HOUSING AND MEALS 611710 6510240 6510240 ENDOWMENT INCOME-CURRENT OPERATIO 611710 2211259 2211259 OTHER INCOME 611710 1137314 1137314 MUSEUM & PRINT SHOP 611710 56571 56571 27718038 13277 13277 13064 0 13064 13064 13064 269709 0 269709 269709 269709 278506 764753 -486247 -486247 30972843 17316407 0 10211434 2084152 2084152 923395 294120 444625 184650 10818880 9322366 524618 971896 442410 356661 40911 44838 1363904 1066839 297065 771242 655273 48465 67504 7200 7200 68250 68250 438390 326389 112001 2350378 1942984 302500 104894 1290886 1290886 526310 496634 15308 14368 399635 257088 142547 3305067 3305067 386964 44744 342220 FOOD SERVICE 1859860 1859860 MISCELLANEOUS 991997 991997 REPAIRS, MAINT, EQUIP 753056 654229 67650 31177 COLLEGE SEARCH, CAMPUS 661583 54463 607120 929649 626880 188915 113854 30373208 25630632 3209395 1533181 6705075 1982311 3079884 2050354 743683 860156 765666 868017 104521293 40015353 59554632 64505940 58264892 59618593 3971499 4021653 133085331 133907024 1970155 1778476 2468621 2608974 15665132 14745000 656250 562499 408784 286962 21168942 19981911 X 56491768 63204707 17647941 12014016 37776680 38706390 111916389 113925113 133085331 133907024 599635 1409089 0 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 62040263 527053 3810700 2931302 63446714 57722209 656061 6213160 2551167 62040263 50427035 1647285 8022899 2375010 57722209 50936102 365386 -874453 50427035 48899031 243330 1033340 -760401 50936102 0.23420 0.61300 0.15290 0 0 1093508 1093508 62957565 40015353 22942212 17905932 17905932 22564288 22564288 64505940 ASSET RETIREMENT OBLIGATION 219132 CAPITAL LEASE OBLIGATION 67830 286962 X 31062533 1409089 -2084152 -675063 31737596 -764753 -764753 30972843 29053809 764753 764753 28289056 2084152 2084152 30373208 PART X, LINE 2: THE UNIVERSITY IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE UNIVERSITY HAD NO SOURCES OF UNRELATED BUSINESS INCOME AND ACCORDINGLY, NO PROVISION HAS BEEN MADE FOR FEDERAL INCOME TAX. IN ADDITION, THE IRS HAS DETERMINED THAT THE UNIVERSITY IS NOT A PRIVATE FOUNDATION. HOWEVER, THE UNIVERSITY MAY BE SUBJECT TO INCOME TAXES ON UNRELATED BUSINESS INCOME THAT IS DERIVED FROM ACTIVITIES NOT IN FURTHERANCE OF THE PURPOSES FOR WHICH IT WAS GRANTED EXEMPTION. THE UNIVERSITY RECOGNIZES THE EFFECT OF INCOME TAX POSITIONS ONLY IF THOSE POSITIONS ARE MORE LIKELY THAN NOT OF BEING SUSTAINED. RECOGNIZED INCOME TAX POSITIONS ARE MEASURED AT THE LARGEST AMOUNT THAT IS GREATER THAN 50% LIKELY OF BEING REALIZED. CHANGES IN RECOGNITION OR MEASUREMENT ARE REFLECTED IN THE PERIOD IN WHICH THE CHANGE IN JUDGMENT OCCURS. THE UNIVERSITY HAS ELECTED TO RECOGNIZE ACCRUED INTEREST AND PENALTIES RELATED TO INCOME TAX MATTERS, IF THEY OCCUR, AS A COMPONENT OF INCOME TAX EXPENSE. MANAGEMENT BELIEVES THAT THERE ARE NO SIGNIFICANT UNCERTAIN TAX POSITIONS AS OF MAY 31, 2015. PART XI, LINE 2D - OTHER ADJUSTMENTS: SCHOLARSHIPS AND GRANTS RECLASSIFICATION -2,084,152. PART XI, LINE 4B - OTHER ADJUSTMENTS: COST OF GOODS SOLD RECLASSIFICATION -764,753. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD RECLASSIFICATION 764,753. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS AND GRANTS RECLASSIFICATION 2,084,152. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 1 SCHOLARSHIPS TO STUDENTS 1146 2084152 N/A N/A PART I, LINE 2 THE UNIVERSITY PROVIDES SCHOLARSHIP, GRANT, LOAN, AND WORK STUDY OPPORTUNITIES TO QUALIFIED STUDENTS. THESE FUNDS ARE OFFERED TO STUDENTS ON AN OBJECTIVE AND NONDISCRIMINATORY BASIS. EACH PROGRAM HAS DIFFERENT CRITERIA AND EACH CASE IS CONSIDERED SEPARATELY. THERE IS A WRITTEN POLICY AND GUIDELINES TO ASSIST STUDENTS AS THEY SEEK THE APPROPRIATE FINANCIAL AID PACKAGE. RECORDS ARE MAINTAINED FOR THE GRANTED AWARDED. X 0 0 0 0 0 0 0 0 0 BILL MUSE VP ADMIN & FINANCE 137827 0 0 0 0 0 8962 0 9146 0 155935 0 0 0 CHARLIE MCCORMICK VP ACADEMIC AFFAIRS/PROVOST 128576 0 0 0 0 0 8362 0 14003 0 150941 0 0 0 MARK TUSCHAK VP OF ADVANCEMENT 135384 0 0 0 0 0 8932 0 14005 0 158321 0 0 0 TIM SUMMERLIN PRESIDENT 231683 0 0 0 0 0 15558 0 13826 0 261067 0 0 0 A THE CITY OF TERELL HILLS 521830729 2010-11-04 15660000 REFUNDING BONDS 0 0 0 B THE CITY OF HOUDO 463435250 2013-08-20 2500000 CAPITAL EXPENDITURES 0 0 0 A 15660000 227732 4384499 1 0 1 1 B 2500000 50000 2450000 0 0 1 1 A 0 0 0 0 0 0 0 0 0 B 0 0 0 0 0 0 0 0 A 0 B 0 X 2 190623 FMV 0 0 0 FORM 990, PART VI, SECTION B, LINE 11 FORM 990 IS PREPARED BY THE CPA FIRM FROM THE AUDITED FINANCIAL STATEMENTS. THE FORM AND ALL SUPPORTING SCHEDULES ARE REVIEWED BY THE CONTROLLER AND OTHER OFFICERS OF THE UNIVERSITY. THE FORM 990 IS THEN PROVIDED TO THE MEMBERS OF THE FINANCE COMMITTEE VIA EMAIL. ONCE APPROVED THE RETURN IS FILED ELECTRONICALLY PER IRS REQUIREMENTS. FORM 990, PART VI, SECTION B, LINE 12C KEY EMPLOYEES, VOLUNTEERS AND BOARD MEMBERS MUST SIGN A CONFLICT OF INTEREST DISCLOSURE FORM EVERY YEAR. NEW VENDORS ARE ADDED AFTER THE REQUESTING EMPLOYEE HAS AFFIRMED THAT THERE ARE NO CONFLICTS OF INTEREST. FORM 990, PART VI, SECTION C, LINE 19 THE CONFLICT OF INTEREST POLICY AND THE BYLAWS ARE AVAILABLE ON THE UNIVERSITY'S WEBSITE. THE FINANCIAL STATEMENTS ARE AVAILABLE IN THE FINANCIAL SERVICES OFFICE UPON REQUEST. FORM 990, PART XII, LINE 2C: THE ORGANIZATION DID NOT CHANGE ITS OVERSIGHT PROCESS OR SELECTION PROCESS OF THE INDEPENDENT ACCOUNTANT DURING THE TAX YEAR.