2016-05-16T10:00:38-05:00 2015-06-30 454084437 Warren Averett LLC Six Concourse Parkway Suite 600 Atlanta GA 30328 990 2014-07-01 580603153 Reinhardt University REIN 7707205600 7300 Reinhardt Circle Waleska GA 301835602 David Leopard VP, Finance/Administration 7707205600 2016-05-16 1 Susan Hill P00846200 7703961100 2016-05-16 2014 2016-08-17 19:52:53Z Dr Kina Mallard 7300 Reinhardt Circle Waleska GA 301835602 46073925 0 X www.reinhardt.edu X 1883 GA The purpose of Reinhardt University is to provide for its students baccalaureate and graduate education at a United Methodist affiliated, coeducational university that is challenging, caring, and committed to the individual. 33 33 470 35 289 -2783 3735032 2273863 27372223 28726920 3468972 2915048 -18741 -28589 34557486 33887242 7455048 7651273 0 0 15155000 15557274 0 0 291261 11988014 11698361 34598062 34906908 -40576 -1019666 93001954 89535047 23165522 22209549 69836432 67325498 X The purpose of Reinhardt University is to provide for its students baccalaureate and graduate education at a United Methodist affiliated, coeducational university that is challenging, caring, and committed to the individual. 0 0 10912358 22889660 Instruction - Instruction and academic programs leading to bachelor's and master's level degrees for Reinhardt students. (1,419 students) 5184881 5351851 Auxiliary enterprises - Residence halls, food service, and other support for the instructional program of the University. (1,419 students) 5938002 485409 Student services - Student development, counseling, athletics, admissions, financial aid administration, records, and other support for the instructional program of the University. (1,419 students) 7651273 7651273 Financial Aid - Scholarships and other financial assistance for students attending the University. (1,064 students) 7651273 7651273 29686514 1 1 0 0 0 0 0 1 0 1 1 1 0 0 0 0 1 0 1 0 1 0 1 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 35 0 1 470 1 0 0 0 0 0 1 1 0 0 0 0 X 33 33 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 GA X David Leopard VP FinanceAdministration 7707205600 7300 Reinhardt Circle Waleska GA 301835602 William G Hasty Jr Chairman 1.00 X 0 0 0 G Cecil Pruett Vice Chair 1.00 X 0 0 0 Deborah A Marlowe Secretary 1.00 X 0 0 0 Gary C Waddell Treasurer 1.00 X 0 0 0 Sharon J Bartels Trustee 1.00 X 0 0 0 John H Bennett Jr Trustee 1.00 X 0 0 0 Thomas A Bethel Trustee 1.00 X 0 0 0 Jesse M Black Jr Trustee 1.00 X 0 0 0 Robert E Byrd Trustee 1.00 X 0 0 0 Warren R Calvert Trustee 1.00 X 0 0 0 Thomas W Carter Trustee 1.00 X 0 0 0 Lewis A Cline Trustee 1.00 X 0 0 0 Raymon H Cox Trustee 1.00 X 0 0 0 Marshall Day Sr Trustee 1.00 X 0 0 0 Richard L Dixon Trustee 1.00 X 0 0 0 Katherine R Dunlop Trustee 1.00 X 0 0 0 Sharon A Gay Trustee 1.00 X 0 0 0 James K Hasson Trustee 1.00 X 0 0 0 William M Hayes Trustee 1.00 X 0 0 0 William J Hearn Jr Trustee 1.00 X 0 0 0 Phillip M Landrum III Trustee 1.00 X 0 0 0 Ben L Looper Trustee 1.00 X 0 0 0 Hon Ellen McElyea Trustee 1.00 X 0 0 0 Gin D Miller Trustee 1.00 X 0 0 0 ER Mitchell Jr Trustee 1.00 X 0 0 0 James B Mooneyham Trustee 1.00 X 0 0 0 AR Roberts III Trustee 1.00 X 0 0 0 Nancy G Simms Trustee 1.00 X 0 0 0 Pamela J Smith Trustee 1.00 X 0 0 0 Steve L Stancil Trustee 1.00 X 0 0 0 Michael L Thurmond Trustee 1.00 X 0 0 0 C Ken White Trustee 1.00 X 0 0 0 Kathy Thomas Young Trustee 1.00 X 0 0 0 Dr J Thomas Isherwood President 50.00 X 257430 0 70391 Dr Kina Mallard President-Elect 50.00 X 0 0 0 Robert G McKinnon VP, Fin/Admin-Immediate Past 50.00 X 135410 0 8380 David Leopard VP, Finance/Administration 50.00 X 0 0 0 Dr Mark Roberts VP, Academic Administration 50.00 X 60412 0 9572 Dr Roger Lee VP, Student Affairs 50.00 X 97263 0 19804 JoEllen Wilson VP, External Affairs 50.00 X 111790 0 12200 Dr Donald Wilson Dean - School of Business 40.00 X 120238 0 14848 Peter Bromstad Controller/Adjunct Professor 50.00 X 122155 0 15459 904698 0 150654 5 0 1 0 Sodexo Box 536922 Atlanta GA 30353 Food Services 1508721 Savant Learning Systems 311 S Lindell Street Martin TN 38237 Online Training & Education 504644 Padgett Group 140 Mountain Brook Drive Suite 100 Canton GA 30115 Mechanical Contracting 271915 Chubb Computer PO Box 2554 Gainesville GA 30503 Insurance Services 243850 Southeast Restoration Group 120 Mountain Brook Drive Canton GA 30015 General Contractor 210480 6 116136 47890 2109837 2273863 Tuition and Fees 611710 22889660 22889660 Auxiliary services 611710 5351851 5351851 Student Activities 611710 485409 485409 28726920 997082 997082 14044331 12126365 1917966 1917966 1917966 31440 116136 60318 -28878 -28878 Income (loss) from partnership 523000 289 289 289 33887242 28726920 289 2886170 7304814 7304814 346459 346459 1275130 383843 703434 187853 11651479 10377563 1273916 340135 311441 28694 1384372 1213714 170658 906158 765627 133211 7320 27800 27800 74070 74070 196644 196644 83706 11622 69829 2255 123063 92233 30830 700332 460192 218505 21635 150642 9980 140662 1178857 1057187 121670 103251 90633 12544 74 1106479 1098731 6626 1122 871997 871997 2452472 2301118 151354 414201 401418 12783 Athletic expenses 797710 797710 Repairs and maintenence 648970 648970 Library expenses 635690 635690 Student housing 318557 318557 1813920 187015 1555903 71002 34906908 29686514 4929133 291261 795574 267842 651857 269310 1184139 1048474 24415 30626 19464 18890 743442 846450 77701411 35493061 43722201 42208350 32892200 33889967 9667545 7739972 3301117 3215166 93001954 89535047 1364941 1383184 925772 708290 16729259 16123800 4145550 3994275 23165522 22209549 X 41516841 38884435 3583876 3086678 24735715 25354385 69836432 67325498 93001954 89535047 X -1019666 -1405317 -85951 X 0 1 X 1 1 1 X 1426264 3193395 3806946 3735032 2273863 14435500 1426264 3193395 3806946 3735032 2273863 14435500 3986244 10449256 760597 796142 720495 719274 997082 3993590 167 928 326 384 289 2094 18431184 122739212 0.56690 0.56520 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1415816 X X X 0 41234539 928225 1313263 3225695 40250332 38855290 115677 4915395 2651823 41234539 37150976 124442 4235520 2655648 38855290 38875249 131391 228770 2084434 37150976 34389374 104429 6774310 2392864 38875249 0.39280 0.55510 0.05210 0 0 373124 373124 67744615 26480314 41264301 874380 781093 93287 8469803 8231654 238149 239489 239489 42208350 Alternative investments 6504289 F Investments-other securities 338225 F Land held for sale 897458 F 7739972 24615135 -1405317 6760 -85951 -1484508 26099643 196644 7590955 7787599 33887242 27126069 6760 60318 67078 27058991 196644 7651273 7847917 34906908 Part III, Line 4: The mission of the Funk Heritage Center is to tell the story of the early Appalachian Settlers and Southeastern Indians through educational programming and the collection, care and exhibition of art and artifacts. Part V, Line 4: The University's endowment consists of approximately 120 donor-restricted endowment funds established for various purposes including scholarships and financial aid, faculty and academic programs development, maintenance and general support. The endowment also includes Board designated endowment funds for various purposes such as long-term investment, special projects and growth of the quasi-endowment. Part XI, Line 2d - Other Adjustments: Change in value of split interest agreement -85,951. Part XI, Line 4b - Other Adjustments: Scholarships and financial assistance 7,651,273. Special event direct expenses -60,318. Part XII, Line 2d - Other Adjustments: Special event direct expenses 60,318. Part XII, Line 4b - Other Adjustments: Scholarships and financial assistance 7,651,273. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 Schedule E, Part I, Line 3 Reinhardt University publishes a statement in the University catalog stating the University is in compliance with Title VI of the Civil Rights Act of 1964 and does not discriminate on the basis of race, color, or national origin. The University is also in compliance with Title IX of the Educational Amendments of 1972 and does not discriminate on the basis of gender. Schedule E, Part I, Line 6 Reinhardt University receives Title IV financial assistance. The University complies will all necessary regulations and disclosure requirements associated with these types of governmental assistance. 0 Central America and the Caribbean - Antigua & Barbuda, Aruba, Bahamas, 0 0 Investment 3067843 North America - Canada & Mexico, not including the United States 0 0 Program Service Study abroad 10494 Europe (Including Iceland & Greenland) - Albania, Andorra, Austria, Belgium 0 0 Program Service Study abroad 68175 0 0 0 0 0 0 3146512 0 3146512 Tuition discount Europe (Including Iceland & Greenland) - 12 190132 Credit to student account FMV Tuition discount South America - Argentina, Bolivia, 2 37518 Credit to student account FMV Tuition discount Russia and Neighboring States 3 51129 Credit to student account FMV Tuition discount East Asia and the Pacific - Australia, Brunei, Burma, Cambodia, 1 14000 Credit to student account FMV Tuition discount Central America and the Caribbean - Antigua & Barbuda, Aruba, Bahamas, 5 53680 Credit to student account FMV 0 0 0 0 0 0 Part I, Line 2: The grants reported in Part III are scholarships to students. The use of scholarships is controlled by applying such amounts directly against balances owed by the student for tuition, fees and other qualifying educational expenses. Expenses related to foreign program services are based on actual receipts. Part III, Col (c): The estimated number of recipients is based on foreign nationals who maintain residence in their home country while attending Reinhardt University on a Visa. Athletic Golf Classic 17000 12920 4080 4080 4484 Golf Classic 111166 88366 22800 22800 21268 1 19410 14850 4560 4560 3126 147576 116136 31440 31440 28878 60318 -28878 1 Scholarships and financial assistance 1041 7304814 Amount of reduction in tuition amount. The tuition discount is a reduction in tuition costs to the student. Part I, Line 2: The University's financial aid department monitors and maintains records regarding all financial aid awards. X X 1 1 X X X 0 0 0 0 0 0 0 0 0 Dr J Thomas Isherwood President 232715 0 0 0 24715 0 32000 0 38391 0 327821 0 0 0 Part I, Line 1a Housing allowance or residence for personal use. As a convenience of the University, the President resides in campus housing. Therefore, none of the benefit was treated as taxable compensation. Part I, line 1a: Personal services. Cleaning services are provided for the President on an irregular basis and the value is considered nominal. None of the benefit was treated as taxable compensation. A City of Waleska Downtown Dev Authority 580554454 2011-12-19 7800000 Construct residence hall and fieldhouse. 0 0 0 B City of Waleska Downtown Dev Authority 580554454 2009-07-17 11000000 Refinance outstanding balance on 1995, 2001 and 2003 bonds. 0 0 0 A 714378 7800000 143555 2011 0 0 0 1 B 1961822 11000000 211159 2004 1 0 1 1 A 0 0 0 0 0 0 0 B 0 0 0 0 0 0 0 A 0 0 0 0 1 0 0 0 0 B 0 0 0 0 1 0 0 0 0 A 0 B 0 Form 990, Part VI, Section B, line 11 It is the policy of the Board of Trustees of Reinhardt College that the Finance Committee will complete and/or review Internal Revenue Service ("IRS") Form 990, Return of Organization Exempt from Income Tax, prior to filing it with the IRS. Once the Finance Committee has reviewed IRS Form 990, a copy shall be made available to all Board Members prior to the filing of Form 990. Board Members shall exercise their best efforts to review Form 990 before it is filed. Board Members who have comments or revisions to Form 990 shall submit these comments or revisions in writing to the Finance Committee Chair or to the College Vice President for Finance and Administration. Form 990, Part VI, Section B, line 12c Officers, trustees, and key employees are required to annually disclose all potential conflicts of interest. Form 990, Part VI, Section B, line 15 It is the policy of the Board of Trustees of Reinhardt College that the Executive Committee or its designee will serve as the review point for executive compensation as envisioned under the intermediate sanctions provisions of the Internal Revenue Code. The Executive Committee or its designee will on an annual basis review the compensation and benefits packages for the President of the University as well as the Vice Presidents to ensure that compensation is reasonable and appropriate, and that there is no excess benefit to senior employees of the University. The Executive Committee may use comparisons to other like institutions or such other measures as it deems appropriate in its work. The Executive Committee or its designee will report the results of its work to the Chair of the Board of Trustees for use in establishing any compensation or additional benefits for those senior employees under its review. Form 990, Part VI, Section C, line 18 The University's Form 990 is also available upon request. Form 990, Part VI, Section C, line 19 The University makes all governing documents available upon request. Form 990, Part XI, line 9: Change in value of split interest agreement -85,951.