2014-05-05T09:38:15-05:00 2013-06-30 581729751 Metcalf Davis CPAs 3340 Peachtree Road NE Suite 2600 Atlanta GA 303261089 990 2012-07-01 580603153 Reinhardt University REIN 7707205600 7300 Reinhardt Circle Waleska GA 301835602 Robert G McKinnon 7707205600 2014-05-05 1 Susan Hill P00846200 4042641700 2014-05-05 2012 2015-11-30 17:44:51Z Dr J Thomas Isherwood 7300 Reinhardt Circle Waleska GA 301835602 53902665 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 Methodist, coeducational university that is challenging, caring, and committed to the individual. 29 29 447 35 326 -4135 3193395 3806946 20992883 24782563 1232287 1550868 -18778 -25715 25399787 30114662 4660757 6289276 0 0 11966878 13955921 0 52154 346342 10916268 10071388 27543903 30368739 -2144116 -254077 87660834 90729521 22485041 22872207 65175793 67857314 X The purpose of Reinhardt University is to provide for its students baccalaureate and graduate education at a Methodist, coeducational university that is challenging, caring, and committed to the individual. 0 0 9392057 20071818 Instruction - Instruction and academic programs leading to bachelor's and master's level degrees for Reinhardt students. (1,403 students) 4292965 4551212 Auxiliary enterprises - Residence halls, food service, and other support for the instructional program of the University. (1,403 students) 5041819 159533 Student services - Student development, counseling, athletics, admissions, financial aid administration, records, and other support for the instructional program of the University. (1,403 students) 6289276 6289276 Financial Aid - Scholarships and other financial assistance for students attending the University. (739 students) 6289276 6289276 25016117 1 1 0 0 0 0 0 1 0 1 1 1 0 0 1 1 1 0 1 0 1 0 1 1 1 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 37 0 1 447 1 0 0 0 0 0 1 1 0 0 0 0 0 X 29 29 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 GA X Robert G McKinnon VP FinanceAdm 7707205600 7300 Reinhardt Circle Waleska GA 301835602 William G Hasty Jr 1.00 X 0 0 0 G Cecil Pruett 1.00 X 0 0 0 John H Bennett Jr 1.00 X 0 0 0 Gary C Waddell 1.00 X 0 0 0 Jesse M Black Jr 1.00 X 0 0 0 Robert E Byrd 1.00 X 0 0 0 Thomas W Carter 1.00 X 0 0 0 Raymon H Cox 1.00 X 0 0 0 Marshall Day Sr 1.00 X 0 0 0 Christopher E Dupree 1.00 X 0 0 0 Sharon A Gay 1.00 X 0 0 0 James K Hasson Jr 1.00 X 0 0 0 Donald A Hausfeld 1.00 X 0 0 0 William M Hayes 1.00 X 0 0 0 William J Hearn Jr 1.00 X 0 0 0 The Hon Calvin J Hill Jr 1.00 X 0 0 0 Ben L Looper 1.00 X 0 0 0 Deborah A Marlowe 1.00 X 0 0 0 Hon Ellen McElyea 1.00 X 0 0 0 Gin D Miller 1.00 X 0 0 0 ER Mitchell Jr 1.00 X 0 0 0 James B Mooneyhan 1.00 X 0 0 0 AR Roberts III 1.00 X 0 0 0 Nancy G Simms 1.00 X 0 0 0 Pamela J Smith 1.00 X 0 0 0 Steve Stancil 1.00 X 0 0 0 Michael Thurmond 1.00 X 0 0 0 C Ken White 1.00 X 0 0 0 Kathy Thomas Young 1.00 X 0 0 0 Dr J Thomas Isherwood 50.00 X 243485 0 70391 Robert G McKinnon 50.00 X 129745 0 11336 Dr Robert Driscoll 50.00 X 74480 0 0 Dr Roger Lee 50.00 X 87308 0 16086 JoEllen Wilson 50.00 X 112026 0 10066 Dr Donald Wilson 40.00 X 118878 0 12177 Peter Bromstad 50.00 X 111125 0 16869 877047 0 136925 6 0 1 0 Brasfield and Gorrie 1990 Vaughn Road Suite 100 Kennesaw GA 30144 General Contracting 8980080 Sodexo Box 536922 Atlanta GA 30353 Food Services 1271671 Reynolds Architects PO Box 2554 Gainseville GA 30503 Architectural Service 227044 Padget Group 140 Mountain Brook Drive Suite 100 Canton GA 30115 Mechanical Contracting 209449 SEI 1 Freedom Valley Drive Oaks PA 19456 Investment Advisory Fees 124538 5 153483 43435 3610028 125393 3806946 Tuition and Fees 611710 20071818 20071818 Auxiliary services 611710 4551212 4551212 Student Activities 611710 159533 159533 24782563 720495 720495 24562875 23732502 830373 830373 830373 29460 153483 55501 -26041 -26041 Income (loss) from partnership 523000 326 326 326 30114662 24782563 326 1524827 6071782 6071782 217494 217494 935409 250491 563096 121822 10884410 9512061 1266319 106030 313729 266747 41392 5590 985623 868560 108573 8490 836750 703003 117898 15849 4102 4102 52154 52154 214698 214698 96453 9490 85788 1175 155933 130610 24323 1000 745298 456566 269205 19527 165363 9998 155365 1267575 1143911 123659 5 70823 61222 9601 953855 941622 11145 1088 373782 373782 2028685 1890456 138229 371698 371423 275 Athletic expenses 729471 729471 Building administration 675485 675485 Repairs and maintenence 347699 347699 Student housing 277421 277421 1593047 382308 1197127 13612 30368739 25016117 5006280 346342 7992326 1868687 988190 944459 833982 946807 29426 53298 19731 555303 612323 73894991 30604422 35145533 43290569 30393138 30544453 8280667 9562634 3442269 2886560 87660834 90729521 3652882 2619215 591607 848934 18029494 17460701 1771677 211058 171680 22485041 22872207 X 36037875 39393580 5115528 4195875 24022390 24267859 65175793 67857314 87660834 90729521 X -254077 2903302 32296 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1139016 X X X 0 37150976 124442 4235520 2655648 38855290 38875249 131391 228770 2084434 37150976 34389374 104429 6774310 2392864 38875249 33243663 57685 2865516 1777490 34389374 47883784 892578 -11004252 4528447 33243663 0.40060 0.55390 0.04550 0 0 373124 373124 58609478 21781933 36827545 849284 741309 107975 8288316 8081180 207136 5774789 5774789 43290569 Alternative investments 8332689 F Investments-other securities 332487 F Land held for sale 897458 F 9562634 Annuities payable 171680 171680 X 26601787 2903302 32296 2935598 23666189 214698 6233775 6448473 30114662 23920266 55501 55501 23864765 214698 6289276 6503974 30368739 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. Description of Intended Use of Endowment Funds: Part V, Line 4: The University's endowment consists of 143 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. Description of Uncertain Tax Positions Under FIN 48: Part X, Line 2: FIN 48 Footnote: The University is recognized as an organization exempt from Federal income tax under Section 501(c)(3) of the Internal Revenue Code (the "Code") whereby only unrelated business income, as defined by Section 512(a)(1) of the Code, is subject to Federal income tax. The University's policy is to record a liability for any tax position taken that is beneficial to the University, including any related interest and penalties, when it is more likely than not the position taken by management with respect to a transaction or class of transactions will be overturned by a taxing authority upon examination. Management believes there are no such positions as of June 30, 2013 and 2012 and, accordingly, no liability has been accrued. Generally taxing authorities may examine a tax return for three years from the date it is filed. At June 30, 2013, tax years ended June 30, 2010, 2011 and 2012 remain open for possible examination by taxing authorities. Part XI, Line 2d - Other Adjustments: Change in value of split interest agreement 32,296. Part XI, Line 4b - Other Adjustments: Scholarships and financial assistance 6,289,276. Special event direct expenses -55,501. Part XII, Line 2d - Other Adjustments: Special event direct expenses 55,501. Part XII, Line 4b - Other Adjustments: Scholarships and financial assistance 6,289,276. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 Explanation of Nondiscriminatory Policy Publication 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. Explanation of Government Financial Assistance 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. 1 Central America and the Caribbean Investment 5190921 0 0 0 0 0 0 5190921 0 5190921 Tuition discount Europe (Including Iceland & Greenland) - 9 154800 Credit to student account FMV Tuition discount South America - Argentina, Bolivia, 3 45000 Credit to student account FMV Tuition discount North America - Canada and Mexico, but 1 8444 Credit to student account FMV Tuition discount East Asia and the Pacific 1 9250 Credit to student account FMV 0 0 0 0 0 0 Explanation for Estimated Number of Recipients: Schedule F, 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. 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. X 1 DVA Navion 2295 Parklake Drive Atlanta GA 30345 Fundraising expenses incurred for the Capital Campaign 0 1700000 52154 1700000 1700000 52154 1700000 GA Athletic Golf Classic 26515 22255 4260 4260 3793 Golf Classic 137034 115734 21300 21300 18201 1 19394 15494 3900 3900 4047 182943 153483 29460 29460 26041 55501 -26041 1 Scholarships and financial assistance 725 6071782 Amount of reduction in tuition amount. The tuition discount is a reduction in tuition costs to the student. Procedure for Monitoring Grants in the U.S.: Part I, Line 2: Schedule I, 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 226993 0 0 0 16492 0 32000 0 38391 0 313876 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 United Community Bank 580554454 2011-12-19 7800000 Construct residence hall and fieldhouse. 0 0 0 B Downtown Dev Authority of the City of Waleska 580554454 2009-07-17 11000000 Refinance outstanding balance on 2001 and 2003 bonds. 0 0 0 A 155547 7800000 143555 2011 0 0 0 1 B 1183752 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 X 2 125393 Fair market value 0 0 0 Form 990, Part VI, Section B, line 11 It is the policy of the Board of Trustees of Reinhardt University 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 University 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. Changes in Net Assets or Fund Balances: Form 990, Part XI, line 9: Change in value of split interest agreement 32,296.