2014-10-22T14:37:41-05:00 2014-05-31 420714325 MCGLADREY LLP 1 S WACKER DRIVE STE 800 CHICAGO IL 60606 990 2013-06-01 350868181 Taylor University TAYL 7659984634 236 West Reade Avenue Upland IN 46989 Stephen Olson VP of Finance 7659984634 2014-10-22 1 Wayne Harder P00294296 3126343400 2013 2015-11-30 17:44:51Z Eugene Habecker 236 West Reade Avenue Upland IN 46989 98556927 0 X www.Taylor.edu X 1846 IN Develop servant leaders to minister Christ's redemptive love and truth to a world in need. 26 23 2237 104 0 0 10508470 12245301 70128879 71600910 4782689 3442492 518 2250 85420556 87290953 17877933 18894431 0 0 36123858 36758227 61508 59688 2826536 26942964 26717687 81006263 82430033 4414293 4860920 231319919 237748385 50530011 45587441 180789908 192160944 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 73337228 18894431 71600910 In order to advance our mission, Taylor University is committed to the following purposes:-To provide whole person education, involving 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.See Continuation on Schedule O-To offer liberal arts, professional and life-long education based upon the conviction that all truth has its source in God, and that being Biblically anchored, the Christian faith should permeate all learning leading to a consistent life of worship, servant leadership, stewardship, and world outreach. -To create specific experiences wherein the integrative focus of a Christian liberal arts education is clarified, personalized and applied.-To 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.-To foster a biblical model of relationships that acknowledges both unity and diversity of the followers of Christ within a covenant community and which can be evidenced in a continuing lifestyle of service to and concern for others.-To foster and maintain appropriate and effective support services that enable maximum program effectiveness throughout the university.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 3.6 and an ACT of 26. 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 eighth straight year, Taylor University received the ranking of #1 in the category Regional Colleges-Midwest from U.S. News & World Report. Taylor was the only Indiana-based school to achieve a number one university-wide ranking. Additionally, Taylor was one of two Council for Christian Colleges and Universities (CCCU) member institution to achieve a number one ranking - regionally or nationally. Taylor was also highly ranked by The Princeton Review and Forbes. Open Doors ranks Taylor 4th among the nation's baccalaureate institutions for undergraduate participation rate in study abroad programs and ranks Taylor 6th 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 88%, average graduation rate 74%), the percentage of students studying abroad, and the investment made by alumni.Focus on International Study518 students earned academic credit while participating in over 35 programs, in 41 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. 73337228 1 1 0 0 0 1 1 1 0 1 1 0 0 0 1 1 0 1 1 1 1 0 0 1 1 0 0 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 0 0 0 1 1 1 1 0 0 1 3404 0 1 2237 1 0 1 EI 0 0 0 1 1 0 0 0 0 X 26 23 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 223641 0 52962 Mark Taylor Chairman 6.00 0.00 X X 0 0 0 Wellington Chiu Vice Chairman 6.00 0.00 X X 0 0 0 Rhonda Jeter-Twilley Secretary 2.00 0.00 X X 0 0 0 Ken Flanigan Treasurer 2.00 0.00 X X 0 0 0 Angela Angelovska-Wilson Trustee 2.00 0.00 X 0 0 0 Jonathan Beukelman Trustee 2.00 0.00 X 0 0 0 James Blum Trustee 2.00 1.30 X 0 0 0 R David Boyer Trustee 2.00 0.00 X 0 0 0 Paige Cunningham Trustee 2.00 0.00 X 0 0 0 Mark Davis Trustee 2.00 0.00 X 0 0 0 Barbara Dickinson Trustee 2.00 0.00 X 0 0 0 Chris L Goeglein Trustee 2.00 0.40 X 0 0 0 Richard W Gygi Trustee 2.00 0.00 X 0 0 0 Paul Lowell Haines Trustee 2.00 0.00 X 0 0 0 Stephen L Johnson Trustee 2.00 0.00 X 0 0 0 Susan McCabe Trustee 2.00 0.00 X 0 0 0 Gregory A Poland Trustee 2.00 0.00 X 0 0 0 Manuel Rosado Trustee 2.00 0.00 X 0 0 0 Douglas Rupp Trustee 2.00 1.00 X 0 0 0 Mark W Soderquist Trustee 2.00 0.00 X 0 0 0 Martha Songer Trustee 2.00 0.00 X 0 0 0 Kathy Stevens Trustee 2.00 0.00 X 0 0 0 Karen Thomas Trustee 2.00 0.00 X 0 0 0 Nicholas Wallace Trustee 2.00 0.30 X 0 0 0 Steven D Whiteman Trustee 2.00 0.00 X 0 0 0 Shani P Wilfred Trustee 2.00 0.00 X 0 0 0 Dan Wolgemuth Trustee 2.00 0.00 X 0 0 0 Stephen Olson VP of Finance 40.00 10.00 X 92434 0 26169 Jeff Moshier Provost 50.00 0.00 X 142773 0 32003 Ron Sutherland VP of Business Administration 50.00 1.00 X 120953 0 29615 Ben Sells VP of Advancement 50.00 0.00 X 133011 0 30805 Coein Skip Trudeau VP of Student Development 50.00 0.00 X 109272 0 26969 822084 0 198523 5 0 1 0 Touchstone CPM Inc 880 Shawnee Road Lima OH 45805 Building Construction 4600252 Creative Dining Services One Royal Park Dr Ste 3 Zeeland MI 49464 Food Services 2302846 Michael Kinder & Sons Inc PO Box 10572 Fort Wayne IN 46853 Building Construction 856713 Clounie Landscaping Inc 6492 N US 24 E Huntington IN 46750 Landscaping 816232 Choice Mechanical Services Inc 6161 English Ave Indianapolis IN 46219 Heating/Cooling Services 682063 32 15707 525820 528166 11175608 874679 12245301 Tuition and fees 900099 55925765 55925765 Dormitory fees 721310 6710713 6710713 Food services 900099 6373980 6373980 Athletics 900099 368548 368548 Bookstore revenue 451211 82618 82618 2139286 2139286 71600910 2254570 2254570 12444166 11256244 1187922 1187922 1187922 11980 15707 9730 2250 2250 87290953 71600910 0 3444742 38175 38175 18856256 18856256 402041 336360 45563 20118 224181 187557 25406 11218 25149875 21041149 2850221 1258505 2176450 1820884 246656 108910 7078562 5922140 802209 354213 1727118 1444960 195733 86425 9825 8220 1113 492 185174 154922 20986 9266 79980 66914 9064 4002 59688 59688 434010 363106 49186 21718 1771474 1482069 200760 88645 180503 151015 20456 9032 644886 539531 73085 32270 965734 807962 109446 48326 1928595 1613521 218567 96507 1554153 1300252 176131 77770 1352235 1131321 153248 67666 1438556 1438556 5417300 4532278 613939 271083 493372 412770 55914 24688 Food Service Costs 4444806 4444806 Academics&Student Life 2150539 2150539 Operating Supplies 804191 672811 91138 40242 Bookstore Materials 187667 187667 2674687 2231487 307448 135752 82430033 73337228 6266269 2826536 7097470 2487007 4664373 5311226 933051 863645 2689746 2615121 548550 336965 550574 660388 159303952 56080163 99813370 103223789 100133400 106811014 5691997 6548136 9197388 8891094 231319919 237748385 7683811 4214328 357642 417228 33138115 31680612 9350443 9275273 50530011 45587441 X 95603148 99064643 28316513 33242272 56870247 59854029 180789908 192160944 231319919 237748385 X 4860920 5322283 1187833 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 2 49816 49816 1 1 X 89.19 1 0 0.00 0 498090 X X X X 0 72523418 3054156 7932698 1786393 1711036 335805 79677038 65605004 2175831 9872873 1727373 3003025 399892 72523418 71098560 1491311 -2219439 1585399 2944016 236013 65605004 62356894 1161075 10892678 1512756 1487855 311576 71098460 56730502 1172997 7955522 1532917 1556184 413026 62356894 0.11000 0.63000 0.26000 1 0 2332109 2332109 130176079 41212831 88963248 8295876 4041966 4253910 18139483 10825366 7314117 360405 360405 103223789 Taylor University Health Plan Trust 3494654 Fair Value of Interest Rate Swap Agreements 953221 Student advance payments and deposits 695387 Federal Student Loan Advances 2215670 Deferred Compensation Liability 15571 Annuity and Trust Obligations 1900770 9275273 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: The University's endowment consists of approximately 456 individual funds established for the following purposes: 51% of the Taylor's endowments are used for student scholarships. During the 2013-2014 academic year 608 students received scholarships from donor-based endowed scholarship funds. These awards are given in recognition of academic ability, extracurricular activities, and/or financial need. 29% of the endowed funds are for specific program support. These include funds that support academic chairs, centers such as the Bedi Center for Teaching and Learning Excellence, and the Spencer Centre for Global Engagement, and various other athletic, academic and student development programs. 13% support facilities on campus. These include funds to help cover costs such as maintenance and utilities. 7% support Taylor's general operations. A majority of Taylor's endowed funds have been established to honor or memorialize family members, friends or mentors by naming the fund for them. 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 2011. 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, Academic Competitiveness Grant, S.M.A.R.T. Grant, SEOG, Pell and work study. East Asia and the Pacific - Australia, Brunei, Burma, Cambodia, 0 0 Program Services Off-Campus Studies 16200 Europe (Including Iceland & Greenland) - Albania, Andorra, Austria, Belgium 1 2 Program Services Off-Campus Studies 1281915 Middle East and North Africa - Algeria, Bahrain, Djibouti, Egypt, 0 0 Program Services Off-Campus Studies 15500 South America - Argentina, Bolivia, Brazil, Chile, Columbia, Ecuador, 0 0 Program Services Off-Campus Studies 601324 Sub-Saharan Africa - Angola, Benin, Botswana, Burkina, Faso, 0 0 Program Services Off-Campus Studies 13200 1 2 0 0 1 2 1928139 0 1928139 0 0 0 0 0 0 X X X X X X 1 Langley Innovations 10958 Bloomingdale Dr Rockville MD 20852 Consulting 0 0 59688 -59688 59688 -59688 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 27687 15707 11980 9730 27687 15707 11980 9730 9730 2250 1 William Taylor Foundation 236 West Reade Avenue Upland IN 46989 356047122 501(c)(3) 38175 Operating Support 1 0 Scholarships & Grants 1780 18856256 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 216552 0 0 0 7089 0 26286 0 26676 0 276603 0 0 0 Jeff Moshier Provost 141164 0 0 0 1609 0 17091 0 14912 0 174776 0 0 0 Ron Sutherland VP of Business Administration 120412 0 0 0 541 0 14772 0 14843 0 150568 0 0 0 Ben Sells VP of Advancement 128658 0 0 0 4353 0 15923 0 14882 0 163816 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 1249420 4239420 248577 84788 3104511 801544 2007 1 0 1 1 B 525000 4760000 100000 42000 4618000 2011 0 0 1 1 C 806314 9050000 50000 9000000 2011 0 0 1 1 D 1405219 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 0 0 0 0 0 0 B 0 1 0 0 1 1 Regions Bank 20.000000000000 0 0 0 0 0 C 0 1 0 0 1 0 Regions Bank 20.000000000000 1 0 0 0 1 D 0 1 0 0 0 0 0 0 1 A 0 B 0 C 0 D 0 A Town of Upland Indiana 356001216 NoneAvail 2012-12-11 6500000 Breuninger Hall 0 1 0 A 233074 6500000 78794 6421206 2013 0 0 1 1 A 0 0 0 0 0 0 1 A 0 1 0 0 1 0 0 0 1 A 0 Marylou Habecker Wife of President, Eugene Habecker 32864 Employee Compensation 0 Ronald Korfmacher Brother-in-law of Paul Lowell Haines, Trustee 63928 Employee Compensation 0 Ken Wolgemuth Brother of Dan Wolgemuth, Trustee 85599 Employee Compensation 0 X 23 648002 FMV X Horses 3 222500 FMV X Trees 1 3100 FMV X Euler Christm 1 1027 FMV X 2 Children's 1 50 FMV 34 0 1 0 Part I, Column (b): 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. Form 990, Part XI, line 9: Change in Fair Value of Interest Rate Swap Agreements 217,419. Change in Fair Value of Split-Interest Agreements 970,414. 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 Ave Upland IN 46989 356047122 Support Taylor University IN 501(c)(3) Line 11a, I Taylor University 1 Taylor University Broadcasting Inc 1025 W Rudisill Blvd Fort Wayne IN 46807 351975367 Christian Broadcasting IN 501(c)(3) Line 11a, I Taylor University 1 0 1 1 0 0 0 0 0 0 0 0 1 0 1 1 0 0 0 0 William Taylor Foundation C 525820 Actual William Taylor Foundation O 59000 Per Agreement Taylor University Broadcasting Inc L 1276838 Actual