TAYLOR UNIVERSITY: Form 990, tax year 2011
View the entire original 990 at ProPublica ↗
- Organization
- TAYLOR UNIVERSITY (EIN 35-0868181)
- Tax period
- 2011-06-01 to 2012-05-31
- Filed
- 2013-01-14
- IRS object ID
- 201300149349300445
- Schema version
- 2011v1.2
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990
- Schedule A
- Schedule B
- Schedule D
- Schedule E
- Schedule F
- Schedule G
- Schedule I
- Schedule J
- Schedule K
- Schedule L
- Schedule M
- Schedule O
- Schedule R
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2013-01-14T14:01:40-06:00 | Timestamp |
| Tax Period End Date | 2012-05-31 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 363990892 | EIN |
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Capin Crouse LLP | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 972 Emerson Parkway Ste A | AddressLine1 |
| City | Greenwood | City |
| State | IN | State |
| ZIP Code | 46143 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2011-06-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 350868181 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Taylor University | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | TAYL | NameControl |
| Phone | 7659984634 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 236 West Reade Avenue | AddressLine1 |
| City | Upland | City |
| State | IN | State |
| ZIP Code | 469891001 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | Stephen Olson | Name |
| Title | Vice President of Finance | Title |
| Phone | 7659984634 | Phone |
| Date Signed | 2013-01-14 | DateSigned |
| Authorize Third Party | 1 | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | David C Moja | Name |
| PTIN | P00747006 | PTIN |
| Phone | 3178852620 | Phone |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2011 | TaxYear |
| Build TS | 2016-02-25 16:41:14Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | Eugene B Habecker | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 236 West Reade Avenue | AddressLine1 |
| City | Upland | City |
| State | IN | State |
| ZIP Code | 469891001 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 96936580 | GrossReceipts |
| Group Return For Affiliates | 0 | GroupReturnForAffiliates |
| Organization501c3 | X | Organization501c3 |
| Web Site | www.taylor.edu | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1846 | YearFormation |
| State Legal Domicile | IN | StateLegalDomicile |
| Activity Or Mission Description | Develop servant leaders to minister Christ's redemptive love and truth to a world in need | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 24 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 22 | NbrIndependentVotingMembers |
| Total Nbr Employees | 2215 | TotalNbrEmployees |
| Total Nbr Volunteers | 128 | TotalNbrVolunteers |
| Total Gross UBI | 0 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | 0 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 13436151 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 12956995 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 68906828 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 68912584 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 3521203 | InvestmentIncomePriorYear |
| Investment Income Current Year | 3222543 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 3059 | OtherRevenuePriorYear |
| Other Revenue Current Year | -3771 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 85867241 | TotalRevenuePriorYear |
| Total Revenue Current Year | 85088351 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 15234816 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 15844528 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members Prior Year | 0 | BenefitsPaidToMembersPriorYear |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 33819063 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 34544556 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp Prior Year | 14637 | TotalProfFundrsngExpPriorYear |
| Total Prof Fundrsng Exp CY | 62624 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 2670294 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 29391481 | OtherExpensePriorYear |
| Other Expenses Current Year | 26664879 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 78459997 | TotalExpensesPriorYear |
| Total Expenses Current Year | 77116587 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | 7407244 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | 7971764 | RevenuesLessExpensesCY |
| Total Assets BOY | 202878797 | TotalAssetsBOY |
| Total Assets EOY | 215663225 | TotalAssetsEOY |
| Total Liabilities BOY | 37588208 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 46711266 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 165290589 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 168951959 | NetAssetsOrFundBalancesEOY |
| Info In Schedule O Part III | X | InfoInScheduleOPartIII |
| Mission Description | 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. | MissionDescription |
| Significant New Program Services | 0 | SignificantNewProgramServices |
| Significant Change | 0 | SignificantChange |
| Expense | 67094806 | Expense |
| Grants | 15844528 | Grants |
| Revenue | 68912584 | Revenue |
| Description | 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.-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 universityAt 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 3.71 and an ACT of 27. 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 sixth 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 the only 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 7th 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 particpating. 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 77%), the percentage of students studying abroad, and the investment made by alumni.Focus on International Study527 students earned academic credit while participating in over 35 programs, in 40 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. | Description |
| Total Program Service Expense | 67094806 | TotalProgramServiceExpense |
| Described In501 C3 | 1 | DescribedIn501C3 |
| Schedule B Required | 1 | ScheduleBRequired |
| Political Activities | 0 | PoliticalActivities |
| Lobbying Activities | 0 | LobbyingActivities |
| Subject To Proxy Tax | 0 | SubjectToProxyTax |
| Donor Advised Funds | 0 | DonorAdvisedFunds |
| Conservation Easements | 1 | ConservationEasements |
| Collections Of Art | 1 | CollectionsOfArt |
| Credit Counseling | 0 | CreditCounseling |
| Term Or Permanent Endowments | 1 | TermOrPermanentEndowments |
| Report Land Bldg Equip | 1 | ReportLandBldgEquip |
| Report Invest Oth Securities | 0 | ReportInvestOthSecurities |
| Report Prog Rel Invest | 0 | ReportProgRelInvest |
| Report Other Assets | 1 | ReportOtherAssets |
| Report Other Liabilities | 1 | ReportOtherLiabilities |
| Report Fin48 Footnote | 0 | ReportFin48Footnote |
| Independent Audit Financial Stmt | 0 | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | 1 | ConsolidatedAuditFinancialStmt |
| School | 1 | School |
| Foreign Office | 1 | ForeignOffice |
| Foreign Activities | 0 | ForeignActivities |
| More Than5000 K To Organizations | 0 | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividuals |
| Professional Fundraising | 1 | ProfessionalFundraising |
| Fundraising Activities | 1 | FundraisingActivities |
| Gaming | 0 | Gaming |
| Hospital | 0 | Hospital |
| Grants To Organizations | 1 | GrantsToOrganizations |
| Grants To Individuals | 1 | GrantsToIndividuals |
| Schedule J Required | 1 | ScheduleJRequired |
| Tax Exempt Bonds | 1 | TaxExemptBonds |
| Invest Tax Exempt Bonds | 0 | InvestTaxExemptBonds |
| Escrow Account | 0 | EscrowAccount |
| On Behalf Of Issuer | 0 | OnBehalfOfIssuer |
| Excess Benefit Transaction | 0 | ExcessBenefitTransaction |
| Prior Excess Benefit Transaction | 0 | PriorExcessBenefitTransaction |
| Loan To Officer Or DQP | 0 | LoanToOfficerOrDQP |
| Grant To Related Person | 1 | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | 0 | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | 1 | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | 0 | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | 1 | DeductibleNonCashContributions |
| Deductible Contributions Of Art | 0 | DeductibleContributionsOfArt |
| Terminated | 0 | Terminated |
| Partial Liquidation | 0 | PartialLiquidation |
| Disregarded Entity | 1 | DisregardedEntity |
| Related Entity | 1 | RelatedEntity |
| Related Org Controlled Entity | 0 | RelatedOrgControlledEntity |
| Transaction Related Entity | 0 | TransactionRelatedEntity |
| Transfers To Exempt Non Chrtbl Org | 0 | TransfersToExemptNonChrtblOrg |
| Activities Conducted Partnership | 0 | ActivitiesConductedPartnership |
| Schedule O Required | 1 | ScheduleORequired |
| Number Forms Transmitted With1096 | 4075 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Compliance With Backup Witholding | 1 | ComplianceWithBackupWitholding |
| Number Of Employees | 2215 | NumberOfEmployees |
| Employment Tax Returns Filed | 1 | EmploymentTaxReturnsFiled |
| Unrelated Business Income | 0 | UnrelatedBusinessIncome |
| Foreign Financial Account | 1 | ForeignFinancialAccount |
| Name Of Foreign Country | EI | NameOfForeignCountry |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTrans |
| Taxable Party Notification | 0 | TaxablePartyNotification |
| Non Deductible Contributions | 0 | NonDeductibleContributions |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributions |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOf |
| Funds To Pay Premiums | 0 | FundsToPayPremiums |
| Premiums Paid | 0 | PremiumsPaid |
| Indoor Tanning Services | 0 | IndoorTanningServices |
| Info In Schedule O Part VI | X | InfoInScheduleOPartVI |
| Nbr Voting Governing Body Members | 24 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 22 | NumberIndependentVotingMembers |
| Family Or Business Relationship | 0 | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | 0 | DelegationOfManagementDuties |
| Changes To Organizing Docs | 0 | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuse |
| Members Or Stockholders | 0 | MembersOrStockholders |
| Election Of Board Members | 0 | ElectionOfBoardMembers |
| Decisions Subject To Approval | 0 | DecisionsSubjectToApproval |
| Minutes Of Governing Body | 1 | MinutesOfGoverningBody |
| Minutes Of Committees | 1 | MinutesOfCommittees |
| Officer Mailing Address | 0 | OfficerMailingAddress |
| Local Chapters | 0 | LocalChapters |
| Form990 Provided To Governing Body | 0 | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | 1 | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | 1 | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | 1 | RegularMonitoringEnforcement |
| Whistleblower Policy | 1 | WhistleblowerPolicy |
| Document Retention Policy | 1 | DocumentRetentionPolicy |
| Compensation Process CEO | 1 | CompensationProcessCEO |
| Compensation Process Other | 1 | CompensationProcessOther |
| Investment In Joint Venture | 0 | InvestmentInJointVenture |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
Name Business NameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Stephen Olson VP for Finance | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Telephone Number | 7659984634 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 236 West Reade Avenue | AddressLine1 |
| City | Upland | City |
| State | IN | State |
| ZIP Code | 469891001 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionA (28 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | OfficerOfficer | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation | Highest Compensated EmployeeHighestCompensatedEmployee |
|---|---|---|---|---|---|---|---|
| Eugene Habecker | |||||||
| President | 60.00 | X | X | 216199 | 0 | 51542 | |
| Mark Taylor | |||||||
| Chair | 6.00 | X | X | 0 | 0 | 0 | |
| Wellington Chiu | |||||||
| Vice Chair | 6.00 | X | X | 0 | 0 | 0 | |
| Stephen Johnson | |||||||
| Secretary | 2.00 | X | X | 0 | 0 | 0 | |
| Ken Flanigan | |||||||
| Treasurer | 2.00 | X | X | 0 | 0 | 0 | |
| Jonathon Beukelman | |||||||
| Trustee | 2.00 | X | 0 | 0 | 0 | ||
| James Blum | |||||||
| Trustee | 2.00 | X | 0 | 0 | 0 | ||
| R David Boyer | |||||||
| Trustee | 2.00 | X | 0 | 0 | 0 | ||
| Paige Cunningham | |||||||
| Trustee | 2.00 | X | 0 | 0 | 0 | ||
| Barbara Dickinson | |||||||
| Trustee | 2.00 | X | 0 | 0 | 0 | ||
| Chris Goeglein | |||||||
| Trustee | 2.00 | X | 0 | 0 | 0 | ||
| Richard 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 | ||
| Susan McCabe | |||||||
| Trustee | 2.00 | X | 0 | 0 | 0 | ||
| Gregory Poland | |||||||
| Trustee | 2.00 | X | 0 | 0 | 0 | ||
| Manuel Rosado | |||||||
| Trustee | 2.00 | X | 0 | 0 | 0 | ||
| Dougla Rupps | |||||||
| Trustee | 2.00 | X | 0 | 0 | 0 | ||
| Mark Soderquist | |||||||
| Trustee | 2.00 | X | 0 | 0 | 0 | ||
| Kathy Stevens | |||||||
| Trustee | 2.00 | X | 0 | 0 | 0 | ||
| Karen Thomas | |||||||
| Trustee | 2.00 | X | 0 | 0 | 0 | ||
| Steven Whiteman | |||||||
| Trustee | 2.00 | X | 0 | 0 | 0 | ||
| Shani Wilfred | |||||||
| Trustee | 2.00 | X | 0 | 0 | 0 | ||
| Dan Wolgemuth | |||||||
| Trustee | 2.00 | X | 0 | 0 | 0 | ||
| Stephen Olson | |||||||
| VP Finance | 50.00 | X | 75987 | 0 | 22791 | ||
| Ronald Sutherland | |||||||
| VP Business Administration | 50.00 | 118611 | 0 | 27839 | X | ||
| Ben Sells | |||||||
| VP Advancement | 50.00 | 122707 | 0 | 28151 | X | ||
| Stephen Bedi | |||||||
| Provost | 50.00 | 135280 | 0 | 29372 | X | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 668784 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 0 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 159695 | TotalOtherCompensation |
| Number Individuals GT100 K | 4 | NumberIndividualsGT100K |
| Formers Listed | 0 | FormersListed |
| Total Comp GT150 K | 1 | TotalCompGT150K |
| Compensation From Other Sources | 0 | CompensationFromOtherSources |
Contractor Compensation ContractorCompensation (5 entries)
| Address Line1AddressOfContractor/AddressUS/AddressLine1 | CityAddressOfContractor/AddressUS/City | StateAddressOfContractor/AddressUS/State | ZIP CodeAddressOfContractor/AddressUS/ZIPCode | Description Of ServicesDescriptionOfServices | CompensationCompensation |
|---|---|---|---|---|---|
| Guepel DeMars Hagerman LLC | |||||
| 10315 Allisonville Road | Fishers | IN | 46038 | Construction Services | 8666302 |
| Creative Dining Services | |||||
| One Royal Park Drive | Zeeland | MI | 49464 | Food Service | 1945425 |
| Michael Kinder & Sons Inc | |||||
| 5206 Decatur Road | Fort Wayne | IN | 46806 | Construction Services | 1836468 |
| ESCO Communications Inc | |||||
| 7506 Honeywell Dr | Fort Wayne | IN | 46206 | Elec. Media Svcs | 407807 |
| Communications Wiring Specialists Inc | |||||
| PO Box 252 | Ligonier | IN | 46767 | Electrical Svcs | 313840 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 45 | NumberOfContractorsGT100K |
| Fundraising Events | 7000 | FundraisingEvents |
| Government Grants | 572327 | GovernmentGrants |
| All Other Contributions | 12377668 | AllOtherContributions |
| Noncash Contributions | 312541 | NoncashContributions |
| Total Contributions | 12956995 | TotalContributions |
Program Service Revenue ProgramServiceRevenue (5 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome |
|---|---|---|---|
| Tuition and fees | 900099 | 53245080 | 53245080 |
| Dormitory fees | 721310 | 6173551 | 6173551 |
| Food services | 721310 | 6010571 | 6010571 |
| Bookstore revenue | 451211 | 951492 | 951492 |
| Conference fees | 900099 | 273292 | 273292 |
Total Oth Program Service Revenue TotalOthProgramServiceRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 2258598 | TotalRevenueColumn |
| Related Or Exempt Function Income | 2258598 | RelatedOrExemptFunctionIncome |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 68912584 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 2446952 | TotalRevenueColumn |
| Exclusion | $2,446,952 | ExclusionAmount |
Gross Amount Sales Assets GrossAmountSalesAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 11961430 | Securities |
| Other | 648264 | Other |
Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 11764945 | Securities |
| Other | 69158 | Other |
Gain Or Loss GainOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 196485 | Securities |
| Other | 579106 | Other |
Net Gain Or Loss Investments NetGainOrLossInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 775591 | TotalRevenueColumn |
| Exclusion | $775,591 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Income Fundraising Events | 10355 | GrossIncomeFundraisingEvents |
| Cntrbtns Rprtd Fundraising Events | 7000 | CntrbtnsRprtdFundraisingEvents |
| Fundraising Direct Expenses | 14126 | FundraisingDirectExpenses |
Net Income From Fundraising Events NetIncomeFromFundraisingEvents
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -3771 | TotalRevenueColumn |
| Exclusion | -$3,771 | ExclusionAmount |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 85088351 | TotalRevenueColumn |
| Related Or Exempt Function Income | 68912584 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 0 | UnrelatedBusinessRevenue |
| Exclusion | $3,218,772 | ExclusionAmount |
Grants To Domestic Orgs GrantsToDomesticOrgs
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 52497 | Total |
| Program Services | 52497 | ProgramServices |
Grants To Domestic Individuals GrantsToDomesticIndividuals
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 15792031 | Total |
| Program Services | 15792031 | ProgramServices |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 380841 | Total |
| Program Services | 312760 | ProgramServices |
| Management And General | 49453 | ManagementAndGeneral |
| Fundraising | 18628 | Fundraising |
Comp Disqual Persons CompDisqualPersons
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 159119 | Total |
| Program Services | 130674 | ProgramServices |
| Management And General | 20662 | ManagementAndGeneral |
| Fundraising | 7783 | Fundraising |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 23340885 | Total |
| Program Services | 19168320 | ProgramServices |
| Management And General | 3030876 | ManagementAndGeneral |
| Fundraising | 1141689 | Fundraising |
Pension Plan Contributions PensionPlanContributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2158988 | Total |
| Program Services | 1773034 | ProgramServices |
| Management And General | 280350 | ManagementAndGeneral |
| Fundraising | 105604 | Fundraising |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 6871574 | Total |
| Program Services | 5643168 | ProgramServices |
| Management And General | 892292 | ManagementAndGeneral |
| Fundraising | 336114 | Fundraising |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1633149 | Total |
| Program Services | 1341197 | ProgramServices |
| Management And General | 212069 | ManagementAndGeneral |
| Fundraising | 79883 | Fundraising |
Fees For Services Management FeesForServicesManagement
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 350511 | Total |
| Program Services | 287851 | ProgramServices |
| Management And General | 45515 | ManagementAndGeneral |
| Fundraising | 17145 | Fundraising |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 235926 | Total |
| Program Services | 193750 | ProgramServices |
| Management And General | 30636 | ManagementAndGeneral |
| Fundraising | 11540 | Fundraising |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 87353 | Total |
| Program Services | 71737 | ProgramServices |
| Management And General | 11343 | ManagementAndGeneral |
| Fundraising | 4273 | Fundraising |
Fees For Services Prof Fundraising FeesForServicesProfFundraising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 62624 | Total |
| Fundraising | 62624 | Fundraising |
Fees For Services Invst Mgmnt Fees FeesForServicesInvstMgmntFees
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 374023 | Total |
| Management And General | 374023 | ManagementAndGeneral |
Fees For Services Other FeesForServicesOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1489448 | Total |
| Program Services | 1223185 | ProgramServices |
| Management And General | 193409 | ManagementAndGeneral |
| Fundraising | 72854 | Fundraising |
Advertising Advertising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 228936 | Total |
| Program Services | 188010 | ProgramServices |
| Management And General | 29728 | ManagementAndGeneral |
| Fundraising | 11198 | Fundraising |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 629765 | Total |
| Program Services | 517184 | ProgramServices |
| Management And General | 81777 | ManagementAndGeneral |
| Fundraising | 30804 | Fundraising |
Information Technology InformationTechnology
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 948462 | Total |
| Program Services | 778909 | ProgramServices |
| Management And General | 123160 | ManagementAndGeneral |
| Fundraising | 46393 | Fundraising |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1616781 | Total |
| Program Services | 1327755 | ProgramServices |
| Management And General | 209943 | ManagementAndGeneral |
| Fundraising | 79083 | Fundraising |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1528297 | Total |
| Program Services | 1255089 | ProgramServices |
| Management And General | 198453 | ManagementAndGeneral |
| Fundraising | 74755 | Fundraising |
Conferences Meetings ConferencesMeetings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 941498 | Total |
| Program Services | 784791 | ProgramServices |
| Management And General | 124090 | ManagementAndGeneral |
| Fundraising | 32617 | Fundraising |
Interest Interest
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1389000 | Total |
| Program Services | 1389000 | ProgramServices |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 4156613 | Total |
| Program Services | 3413551 | ProgramServices |
| Management And General | 539747 | ManagementAndGeneral |
| Fundraising | 203315 | Fundraising |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 684608 | Total |
| Program Services | 562223 | ProgramServices |
| Management And General | 88898 | ManagementAndGeneral |
| Fundraising | 33487 | Fundraising |
Other Expenses OtherExpenses (4 entries)
| DescriptionDescription | TotalTotal | Program ServicesProgramServices | Management And GeneralManagementAndGeneral | FundraisingFundraising |
|---|---|---|---|---|
| Food service cost | 4315395 | 4315395 | ||
| Program expenses | 2234975 | 2234975 | ||
| Operating supplies | 659609 | 541693 | 85652 | 32264 |
| Bookstore materials | 655337 | 655337 |
All Other Expenses AllOtherExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 4138342 | Total |
| Program Services | 3140690 | ProgramServices |
| Management And General | 729411 | ManagementAndGeneral |
| Fundraising | 268241 | Fundraising |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 77116587 | Total |
| Program Services | 67094806 | ProgramServices |
| Management And General | 7351487 | ManagementAndGeneral |
| Fundraising | 2670294 | Fundraising |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 9848417 | BOY |
| EOY | 8605924 | EOY |
Pledges And Grants Receivable PledgesAndGrantsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 4436513 | BOY |
| EOY | 4309207 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 3584287 | BOY |
| EOY | 3378866 | EOY |
Other Notes Loans Receivable Net OtherNotesLoansReceivableNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 509365 | BOY |
| EOY | 428250 | EOY |
Inventories For Sale Or Use InventoriesForSaleOrUse
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 521205 | BOY |
| EOY | 499397 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 571885 | BOY |
| EOY | 579251 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 140842660 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 49142119 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 75706575 | BOY |
| EOY | 91700541 | EOY |
Investments Pub Traded Securities InvestmentsPubTradedSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 97159550 | BOY |
| EOY | 96423478 | EOY |
Investments Other Securities InvestmentsOtherSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 15500 | BOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 10525500 | BOY |
| EOY | 9738311 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 202878797 | BOY |
| EOY | 215663225 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 8931593 | BOY |
| EOY | 7851827 | EOY |
Deferred Revenue DeferredRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 391327 | BOY |
| EOY | 662322 | EOY |
Tax Exempt Bond Liabilities TaxExemptBondLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 20140000 | BOY |
| EOY | 29841073 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 8125288 | BOY |
| EOY | 8356044 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 37588208 | BOY |
| EOY | 46711266 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 84444444 | BOY |
| EOY | 90477419 | EOY |
Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 26562762 | BOY |
| EOY | 23709015 | EOY |
Permanently Restricted Net Assets PermanentlyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 54283383 | BOY |
| EOY | 54765525 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 165290589 | BOY |
| EOY | 168951959 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 202878797 | BOY |
| EOY | 215663225 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | X | InfoInScheduleOPartXI |
| Reconcilation Revenue Expenses | 7971764 | ReconcilationRevenueExpenses |
| Reconcilation Other Changes | -4310394 | ReconcilationOtherChanges |
| Info In Schedule O Part XII | X | InfoInScheduleOPartXII |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | 0 | AccountantCompileOrReview |
| FS Audited | 1 | FSAudited |
| Audit Committee | 1 | AuditCommittee |
| Financial Statement Consolidated | X | FinancialStatementConsolidated |
| Federal Grant Audit Required | 1 | FederalGrantAuditRequired |
| Federal Grant Audit Performed | 1 | FederalGrantAuditPerformed |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| School170b1 Aii | X | School170b1Aii |
Schedule B IRS990ScheduleB
Contributor Info ContributorInfo
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor Number | RESTRICTED | ContributorNumber |
Contributor Name Business ContributorNameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor Address US ContributorAddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Aggregate Contributions | RESTRICTED | AggregateContributions |
Schedule D IRS990ScheduleD
| Field | Value | IRS element (for citing) |
|---|---|---|
| Protection Of Natural Habitat | X | ProtectionOfNaturalHabitat |
| Total Number Of Easements | 1 | TotalNumberOfEasements |
| Total Acreage | 89.19 | TotalAcreage |
| Nmbr States In Which Easements Held | 1 | NmbrStatesInWhichEasementsHeld |
| Written Policy Monitoring | 0 | WrittenPolicyMonitoring |
Art Public Exhibition Amts ArtPublicExhibitionAmts
| Field | Value | IRS element (for citing) |
|---|---|---|
| Assets In Part X | 383000 | AssetsInPartX |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Collect Used For Public Exhibition | X | CollectUsedForPublicExhibition |
| Collect Used For Scholar Research | X | CollectUsedForScholarResearch |
| Collect Used For Preservation | X | CollectUsedForPreservation |
| Collect Used For Loan Or Exch Prgrms | X | CollectUsedForLoanOrExchPrgrms |
| Solicited Assets For Sale | 0 | SolicitedAssetsForSale |
Current Year CurrentYear
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 71098560 | BeginningOfYearBalance |
| Contributions | 1491311 | Contributions |
| Investment Earnings Or Losses | -2219439 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 1585399 | GrantsOrScholarships |
| Other Expenditures | 2944016 | OtherExpenditures |
| Administrative Expenses | 236013 | AdministrativeExpenses |
| End Of Year Balance | 65605004 | EndOfYearBalance |
Current Year Minus1 Year CurrentYearMinus1Year
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 62356894 | BeginningOfYearBalance |
| Contributions | 1161075 | Contributions |
| Investment Earnings Or Losses | 10892678 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 1512756 | GrantsOrScholarships |
| Other Expenditures | 1487855 | OtherExpenditures |
| Administrative Expenses | 311576 | AdministrativeExpenses |
| End Of Year Balance | 71098460 | EndOfYearBalance |
Current Year Minus2 Years CurrentYearMinus2Years
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 56730502 | BeginningOfYearBalance |
| Contributions | 1172997 | Contributions |
| Investment Earnings Or Losses | 7955522 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 1532917 | GrantsOrScholarships |
| Other Expenditures | 1556184 | OtherExpenditures |
| Administrative Expenses | 413026 | AdministrativeExpenses |
| End Of Year Balance | 62356894 | EndOfYearBalance |
Current Year Minus3 Years CurrentYearMinus3Years
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 69824024 | BeginningOfYearBalance |
| Contributions | 1401000 | Contributions |
| Investment Earnings Or Losses | -11940249 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 1153281 | GrantsOrScholarships |
| Other Expenditures | 961992 | OtherExpenditures |
| Administrative Expenses | 439000 | AdministrativeExpenses |
| End Of Year Balance | 56730502 | EndOfYearBalance |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated EOY Balance | 0.14000 | BoardDesignatedEOYBalance |
| Permanent Endowment EOY Balance | 0.86000 | PermanentEndowmentEOYBalance |
| Term Endowment EOY Balance | 0.00000 | TermEndowmentEOYBalance |
| Endowments Held By Unrelated Orgs | 1 | EndowmentsHeldByUnrelatedOrgs |
| Endowments Held By Related Orgs | 0 | EndowmentsHeldByRelatedOrgs |
Land Land
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 2235000 | OtherCostOrOtherBasis |
| Book Value | 2235000 | BookValue |
Buildings Buildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 85303000 | OtherCostOrOtherBasis |
| Depreciation | 35677000 | Depreciation |
| Book Value | 49626000 | BookValue |
Leasehold Improvements LeaseholdImprovements
| Field | Value | IRS element (for citing) |
|---|---|---|
| Depreciation | 91119 | Depreciation |
| Book Value | -91119 | BookValue |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 15384000 | OtherCostOrOtherBasis |
| Depreciation | 10356000 | Depreciation |
| Book Value | 5028000 | BookValue |
Other Land Buildings OtherLandBuildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 37920660 | OtherCostOrOtherBasis |
| Depreciation | 3018000 | Depreciation |
| Book Value | 34902660 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 91700541 | TotalOfBookValueLandBuildings |
Other Liabilities OtherLiabilities (3 entries)
| DescriptionDescription | AmountAmount |
|---|---|
| Student loan fund/health insurance trust | $2,382,004 |
| Other liabilities | $2,312,315 |
| TU Health Plan Trust | $3,661,725 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 8356044 | TotalOfAmounts |
| Total Revenue | 85088351 | TotalRevenue |
| Total Expenses | 77116587 | TotalExpenses |
| Excess Or Deficit For Year | 7971764 | ExcessOrDeficitForYear |
| Net Unrealized GL On Investments | -4021494 | NetUnrealizedGLOnInvestments |
| Other | -$288,900 | OtherAmount |
| Total Adjustments | -4310394 | TotalAdjustments |
| Excess Or Deficit Per FS | 3661370 | ExcessOrDeficitPerFS |
| Tot Revenue Etc Audited Fincl Stmt | 64819029 | TotRevenueEtcAuditedFinclStmt |
| Net Unrealized Gains Investments | -4021494 | NetUnrealizedGainsInvestments |
| Other Revenues | -95900 | OtherRevenues |
| Revenue Not Rptd F990 | -4117394 | RevenueNotRptdF990 |
| Revenue Subtotal | 68936423 | RevenueSubtotal |
| Investment Expenses Not Included | 374023 | InvestmentExpensesNotIncluded |
| Other Revenues Not Included | 15777905 | OtherRevenuesNotIncluded |
| Revenue Not Rptd On Fin Stmt | 16151928 | RevenueNotRptdOnFinStmt |
| Total Revenue Per Form990 | 85088351 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 60868759 | TotExpensesEtcAuditedFinclStmt |
| Other Expenses Included | 14126 | OtherExpensesIncluded |
| Expenses Not Rptd F990 | 14126 | ExpensesNotRptdF990 |
| Expenses Subtotal | 60854633 | ExpensesSubtotal |
| Investment Expenses Not Included2 | 374023 | InvestmentExpensesNotIncluded2 |
| Other Expenses Not Included | 15887931 | OtherExpensesNotIncluded |
| Expenses Not Rptd On Fin Stmt | 16261954 | ExpensesNotRptdOnFinStmt |
| Total Expenses Per Form990 | 77116587 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIV Form990ScheduleDPartXIV (8 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| Explanation of Changes to Conservation Easements: | 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 | |
| Description of Intended Use of Endowment Funds: | Part V, Line 4: | The university's endowment consists of approximately 456 individual funds established for the following purposes: 51% of Taylor's endowments are used for student scholarships. During the 2011-2012 academic year 574 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, centres such as the 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 maintance, utilities, and debt service of buildings. 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 XI, Line 8 - Other Adjustments: | Interest Rate Swap - Change In Value -288,900. | |
| Part XII, Line 2d - Other Adjustments: | Payments to Annuitants included on 990 Part IX -95,900. | |
| Part XII, Line 4b - Other Adjustments: | Financial aid netted against tuition revenue per books 15,792,031. Special FR Event Direct Expenses -14,126. | |
| Part XIII, Line 2d - Other Adjustments: | Special FR Event Direct Expenses 14,126. | |
| Part XIII, Line 4b - Other Adjustments: | Financial aid netted against tuition revenue per books 15,792,031. Payments to Annuitants included on 990 Part IX 95,900. |
Schedule E IRS990ScheduleE
| Field | Value | IRS element (for citing) |
|---|---|---|
| Nondiscriminatory Policy Stmt | 1 | NondiscriminatoryPolicyStmt |
| Policy Statement In Brochures Etc | 1 | PolicyStatementInBrochuresEtc |
| Policy Publ Via Broadcast Media | 1 | PolicyPublViaBroadcastMedia |
| Maint Racial Composition Records | 1 | MaintRacialCompositionRecords |
| Maint Scholarships Records | 1 | MaintScholarshipsRecords |
| Maint Copies Of Brochures Etc | 1 | MaintCopiesOfBrochuresEtc |
| Maint Copies Of All Solicitations | 1 | MaintCopiesOfAllSolicitations |
| Discriminate Race Students Rights | 0 | DiscriminateRaceStudentsRights |
| Discriminate Race Admiss Policies | 0 | DiscriminateRaceAdmissPolicies |
| Discriminate Race Emplmn Faculty | 0 | DiscriminateRaceEmplmnFaculty |
| Discriminate Race Scholarships | 0 | DiscriminateRaceScholarships |
| Discriminate Race Educ Policies | 0 | DiscriminateRaceEducPolicies |
| Discriminate Race Use Of Fclts | 0 | DiscriminateRaceUseOfFclts |
| Discriminate Race Athletic Prog | 0 | DiscriminateRaceAthleticProg |
| Discriminate Race Other Acty | 0 | DiscriminateRaceOtherActy |
| Government Financial Aid Received | 1 | GovernmentFinancialAidReceived |
| Government Financial Aid Revoked | 0 | GovernmentFinancialAidRevoked |
| Compliance With Rev Proc7550 | 1 | ComplianceWithRevProc7550 |
Form990 Schedule E Part II Form990ScheduleEPartII (2 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| Explanation of Nondiscriminatory Policy Publication | Schedule E, Part I, Line 3 | Nondiscrimination policies are included in all materials available to the public. |
| Explanation of Government Financial Assistance | 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. |
Schedule F IRS990ScheduleF
Accts Actvs Out US Table AcctsActvsOutUSTable (5 entries)
| RegionRegion | Number Of OfficesNumberOfOffices | Number Of EmployeesNumberOfEmployees | Type Of Activities ConductedTypeOfActivitiesConducted | Specific Services ProvidedSpecificServicesProvided | Total ExpendituresTotalExpenditures |
|---|---|---|---|---|---|
| East Asia and the Pacific - | 0 | 0 | Program Services | Off-Campus Studies Programs | 111851 |
| Europe (Including Iceland & Greenland) - | 1 | 2 | Program Services | Off-Campus Studies Programs | 1019431 |
| Middle East and North Africa - | 0 | 0 | Program Services | Off-Campus Studies Programs | 118348 |
| South America - Argentina, Bolivia, | 0 | 0 | Program Services | Off-Campus Studies Programs | 265939 |
| Sub-Saharan Africa - Angola, | 0 | 0 | Program Services | Off-Campus studies programs | 21200 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Subtotal Number Of Offices | 1 | SubtotalNumberOfOffices |
| Subtotal Number Of Employees | 2 | SubtotalNumberOfEmployees |
| Cont Number Of Offices | 0 | ContNumberOfOffices |
| Cont Number Of Employees | 0 | ContNumberOfEmployees |
| Total Number Of Offices | 1 | TotalNumberOfOffices |
| Total Number Of Employees | 2 | TotalNumberOfEmployees |
| Subtotal Amount Spent | 1536769 | SubtotalAmountSpent |
| Cont Amount Spent | 0 | ContAmountSpent |
| Total Amount Spent | 1536769 | TotalAmountSpent |
| Transfer To Foreign Corp | 0 | TransferToForeignCorp |
| Interest In Foreign Trust | 0 | InterestInForeignTrust |
| Own Foreign Corp | 0 | OwnForeignCorp |
| Passive Foreign Invest Co | 0 | PassiveForeignInvestCo |
| Foreign Partnership | 0 | ForeignPartnership |
| Boycott Countries | 0 | BoycottCountries |
Form990 Schedule F Part V Form990ScheduleFPartV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | Method Used to Acccount for Expenditures: | Identifier |
| Explanation | Schedule F, Part I, Line 3: Each year, hundreds of students participate in a variety of international study programs from one-week spring break trips to semester-long exchanges with partner universities on all continents. All of these activities are for academic credit and contribute to the graduation requirements of the students. The University operates its own program through leased facilities in Ireland, and maintains a year-round program in Ecuador. All other programming is contracted through partner organizations on an as needed basis. These foreign expenditures are accounted for according to the accrual basis of accounting using expense reports and other appropriate documentation. | Explanation |
Schedule G IRS990ScheduleG
| Field | Value | IRS element (for citing) |
|---|---|---|
| Mail Solicitations | X | MailSolicitations |
| Email Solicitations | X | EmailSolicitations |
| Phone Solicitations | X | PhoneSolicitations |
| In Person Solicitations | X | InPersonSolicitations |
| Solicitation Of Non Govt Grants | X | SolicitationOfNonGovtGrants |
| Special Fundraising Events | X | SpecialFundraisingEvents |
| Agreement Ref Fundraising | 1 | AgreementRefFundraising |
Fundraiser Activity Information FundraiserActivityInformation
Name Of Organization NameOfOrganization
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Langley Innovations | BusinessNameLine1 |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 10958 Bloomingdale Drivew | AddressLine1 |
| City | Rockville | City |
| State | MD | State |
| ZIP Code | 20852 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Activity | Consulting | Activity |
| Fundraiser Control Of Funds | 0 | FundraiserControlOfFunds |
| Gross Receipts | 0 | GrossReceipts |
| Amount Retained By Contractor | 62624 | AmountRetainedByContractor |
| Net To Organization | -62624 | NetToOrganization |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Retained By Contractors | 62624 | TotalRetainedByContractors |
| Total Net To Organization | -62624 | TotalNetToOrganization |
| Licensed States | AL | LicensedStates |
| Licensed States | AK | LicensedStates |
| Licensed States | AZ | LicensedStates |
| Licensed States | AR | LicensedStates |
| Licensed States | CA | LicensedStates |
| Licensed States | CT | LicensedStates |
| Licensed States | DE | LicensedStates |
| Licensed States | FL | LicensedStates |
| Licensed States | GA | LicensedStates |
| Licensed States | HI | LicensedStates |
| Licensed States | ID | LicensedStates |
| Licensed States | IL | LicensedStates |
| Licensed States | IN | LicensedStates |
| Licensed States | IA | LicensedStates |
| Licensed States | KS | LicensedStates |
| Licensed States | KY | LicensedStates |
| Licensed States | LA | LicensedStates |
| Licensed States | ME | LicensedStates |
| Licensed States | MD | LicensedStates |
| Licensed States | MA | LicensedStates |
| Licensed States | MN | LicensedStates |
| Licensed States | MI | LicensedStates |
| Licensed States | MS | LicensedStates |
| Licensed States | MO | LicensedStates |
| Licensed States | NE | LicensedStates |
| Licensed States | NV | LicensedStates |
| Licensed States | NH | LicensedStates |
| Licensed States | NJ | LicensedStates |
| Licensed States | NM | LicensedStates |
| Licensed States | NY | LicensedStates |
| Licensed States | NC | LicensedStates |
| Licensed States | ND | LicensedStates |
| Licensed States | OH | LicensedStates |
| Licensed States | OK | LicensedStates |
| Licensed States | OR | LicensedStates |
| Licensed States | PA | LicensedStates |
| Licensed States | RI | LicensedStates |
| Licensed States | SC | LicensedStates |
| Licensed States | SD | LicensedStates |
| Licensed States | TN | LicensedStates |
| Licensed States | TX | LicensedStates |
| Licensed States | UT | LicensedStates |
| Licensed States | VT | LicensedStates |
| Licensed States | VA | LicensedStates |
| Licensed States | WA | LicensedStates |
| Licensed States | WV | LicensedStates |
| Licensed States | WI | LicensedStates |
| Licensed States | WY | LicensedStates |
Events Information EventsInformation
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Event1 | Golf Tournament | NameOfEvent1 |
| Gross Receipts Event1 | 17355 | GrossReceiptsEvent1 |
| Charitable Contributions Event1 | 7000 | CharitableContributionsEvent1 |
| Gross Revenue Event1 | 10355 | GrossRevenueEvent1 |
| Food And Beverage Event1 | 1480 | FoodAndBeverageEvent1 |
| Other Direct Expenses Event1 | 12646 | OtherDirectExpensesEvent1 |
| Gross Receipts Total | 17355 | GrossReceiptsTotal |
| Charitable Contributions Total | 7000 | CharitableContributionsTotal |
| Gross Revenue Total Events | 10355 | GrossRevenueTotalEvents |
| Food And Beverage Total Events | 1480 | FoodAndBeverageTotalEvents |
| Other Direct Expenses Total Events | 12646 | OtherDirectExpensesTotalEvents |
| Direct Expense Summary Events | 14126 | DirectExpenseSummaryEvents |
| Net Income Summary | -3771 | NetIncomeSummary |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Records Maintained | 1 | RecordsMaintained |
Recipient Table RecipientTable
Recipient Name Business RecipientNameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Remedy FM | BusinessNameLine1 |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 327 E Wayne St | AddressLine1 |
| City | Fort Wayne | City |
| State | IN | State |
| ZIP Code | 46802 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN Of Recipient | 272417633 | EINOfRecipient |
| IRC Section | 501(c)(3) | IRCSection |
| Amount Of Cash Grant | 51672 | AmountOfCashGrant |
| Purpose Of Grant | Program Support | PurposeOfGrant |
Form990 Schedule I Part III Form990ScheduleIPartIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Type Of Grant | Student financial aid | TypeOfGrant |
Form990 Schedule I Part IV Form990ScheduleIPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | Procedure for Monitoring Grants in the U.S.: | Identifier |
| Return Reference | Part I, Line 2: | ReturnReference |
| Explanation | Schedule I, Part I, Line 2: GRANTS TO OTHER ORGANIZATIONS Taylor University (University) monitors the use of funds granted to other non-profit organizations through long-standing relationships and common board members/employees. The University Provost is a board member of the Community Foundation of Grant County Indiana and he monitored the use of granted funds while serving in that capacity. The University shares several board members with William Taylor Foundation and the University also monitors the use of granted funds while providing accounting services for the Foundation. GRANTS TO INDIVIDUALS (SCHOLARSHIPS/FINANCIAL ASSISTANCE) 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 a 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. | Explanation |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Housing Allowance Or Residence | X | HousingAllowanceOrResidence |
| Personal Services | X | PersonalServices |
| Written Policy Re T And E Expenses | 1 | WrittenPolicyReTAndEExpenses |
| Substantiation Required | 1 | SubstantiationRequired |
| Compensation Committee | X | CompensationCommittee |
| Form990 Of Other Organizations | X | Form990OfOtherOrganizations |
| Written Employment Contract | X | WrittenEmploymentContract |
| Compensation Survey | X | CompensationSurvey |
| Board Or Committee Approval | X | BoardOrCommitteeApproval |
| Severance Payment | 0 | SeverancePayment |
| Supplemental Nonqual Retire Plan | 0 | SupplementalNonqualRetirePlan |
| Equity Based Comp Arrangement | 0 | EquityBasedCompArrangement |
| Comp Based On Revenue Of Filing Org | 0 | CompBasedOnRevenueOfFilingOrg |
| Comp Based On Revenue Related Orgs | 0 | CompBasedOnRevenueRelatedOrgs |
| Comp Based Net Earnings Filing Org | 0 | CompBasedNetEarningsFilingOrg |
| Comp Based Net Earnings Relate Orgs | 0 | CompBasedNetEarningsRelateOrgs |
| Any Non Fixed Payments | 0 | AnyNonFixedPayments |
| Initial Contract Exception | 0 | InitialContractException |
Form990 Schedule J Part II Form990ScheduleJPartII (3 entries)
| Base Compensation Filing OrgBaseCompensationFilingOrg | Comp Based On Related OrgsCompBasedOnRelatedOrgs | Bonus Filing OrgBonusFilingOrg | Bonus Related OrgsBonusRelatedOrgs | Other Compensation Filing OrgOtherCompensationFilingOrg | Other Compensation Related OrgsOtherCompensationRelatedOrgs | Deferred Comp Filing OrgDeferredCompFilingOrg | Deferred Comp Related OrgsDeferredCompRelatedOrgs | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrg | Nontaxable Benefits Related OrgsNontaxableBenefitsRelatedOrgs | Total Compensation Filing OrgTotalCompensationFilingOrg | Total Compensation Related OrgsTotalCompensationRelatedOrgs | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrg | Comp Report Prior990 Related OrgsCompReportPrior990RelatedOrgs |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Eugene Habecker | |||||||||||||
| 207046 | 0 | 0 | 0 | 9153 | 0 | 25326 | 0 | 26216 | 0 | 267741 | 0 | 0 | 0 |
| Ben Sells | |||||||||||||
| 118284 | 0 | 0 | 0 | 4423 | 0 | 14700 | 0 | 13451 | 0 | 150858 | 0 | 0 | 0 |
| Stephen Bedi | |||||||||||||
| 128372 | 0 | 0 | 0 | 6908 | 0 | 15916 | 0 | 13456 | 0 | 164652 | 0 | 0 | 0 |
Form990 Schedule J Part III Form990ScheduleJPartIII (2 entries)
| Return ReferenceReturnReference | ExplanationExplanation | IdentifierIdentifier |
|---|---|---|
| Part I, Line 1a | Housing & personal services 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. | |
| Part III | Non-taxable benefits reported in Schedule J, Part II, Column (D): Some of these amounts include tuition assistance (scholarships) provided to employees of Taylor University based on their employment with the school. Although non-taxable, these amounts are correctly reported as a benefit on 990 Part VII and Schedule J Part II. | Supplemental Information |
Schedule K IRS990ScheduleK
Form990 Schedule K Part I Form990ScheduleKPartI (4 entries)
| Issuer EINIssuerEIN | CUSIP NumberCUSIPNumber | Date IssuedDateIssued | Issue PriceIssuePrice | Description Of PurposeDescriptionOfPurpose | DefeasedDefeased | On Behalf Of IssuerOnBehalfOfIssuer | Pool FinancingPoolFinancing |
|---|---|---|---|---|---|---|---|
| Town of Upland Indiana | |||||||
| 356001216 | 915395CY1 | 2003-03-01 | 8825000 | Kesler Student Activities Ctr | 0 | 1 | 0 |
| Town of Upland Indiana | |||||||
| 356001216 | 915395DV6 | 2007-11-26 | 4315000 | Student Residential Apartment Bdg | 0 | 1 | 0 |
| Town of Upland Indiana | |||||||
| 356001216 | 2010-07-12 | 4760000 | Wolgemuth Hall Apartment Bdg | 0 | 1 | 0 | |
| Town of Upland Indiana | |||||||
| 356001216 | 2011-07-07 | 9050000 | Euler Science Complex | 0 | 1 | 0 | |
Form990 Schedule K Part II Form990ScheduleKPartII (4 entries)
| Total ProceedsTotalProceeds | Amount In Reserve FundAmountInReserveFund | Issuance Costs From ProceedsIssuanceCostsFromProceeds | Working Capital ExpendituresWorkingCapitalExpenditures | Capital ExpendituresCapitalExpenditures | Year Of Subst CompletionYearOfSubstCompletion | Current RefundingCurrentRefunding | Advance RefundingAdvanceRefunding | Final Allocation MadeFinalAllocationMade | Adequate Books And Recds MaintaindAdequateBooksAndRecdsMaintaind | Refunding EscrowRefundingEscrow |
|---|---|---|---|---|---|---|---|---|---|---|
| 9016385 | 682243 | 160184 | 173956 | 8000000 | 2004 | 0 | 0 | 1 | 1 | |
| 4758258 | 248577 | 91439 | 166877 | 3100000 | 2008 | 0 | 1 | 1 | 1 | 1151364 |
| 4760000 | 100000 | 42000 | 40505 | 4577495 | 2011 | 0 | 0 | 1 | 1 | |
| 9050000 | 50000 | 9000000 | 2012 | 0 | 0 | 1 | 1 |
Form990 Schedule K Part III Form990ScheduleKPartIII (4 entries)
| Owning Bond Financed PropertyOwningBondFinancedProperty | Any Lease ArrangementsAnyLeaseArrangements | Mngment Cntrct Bond Financd PrprtyMngmentCntrctBondFinancdPrprty | Any Research AgreementsAnyResearchAgreements | Post Issuance Compliance ProcdrsPostIssuanceComplianceProcdrs |
|---|---|---|---|---|
| 0 | 0 | 0 | 0 | 1 |
| 0 | 0 | 0 | 0 | 1 |
| 0 | 0 | 0 | 0 | 1 |
| 0 | 0 | 0 | 0 | 1 |
Form990 Schedule K Part IV Form990ScheduleKPartIV (4 entries)
| Form8038 T FiledForm8038TFiled | Variable Rate IssueVariableRateIssue | Hedge Identified In Books And RecdsHedgeIdentifiedInBooksAndRecds | Gross Proceeds Invested In GICGrossProceedsInvestedInGIC | Gross Proceeds InvestedGrossProceedsInvested | Exception To RebateExceptionToRebate | Term Of HedgeTermOfHedge | Superintegrated HedgeSuperintegratedHedge | Hedge TerminatedHedgeTerminated |
|---|---|---|---|---|---|---|---|---|
| (no name) | ||||||||
| 0 | 0 | 0 | 0 | 0 | 0 | |||
| (no name) | ||||||||
| 0 | 0 | 0 | 0 | 0 | 0 | |||
| Regions | ||||||||
| 0 | 1 | 1 | 0 | 0 | 0 | 20.000000000000 | 0 | 0 |
| Regions | ||||||||
| 0 | 1 | 1 | 0 | 0 | 0 | 20.000000000000 | 0 | 0 |
Schedule L IRS990ScheduleL
Form990 Schedule L Part III Form990ScheduleLPartIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Interested Person | Various | NameOfInterestedPerson |
| Relationship With Organization | Scholarships/Tuition Discounts | RelationshipWithOrganization |
| Amount Of Grant | 47940 | AmountOfGrant |
Form990 Schedule L Part IV Form990ScheduleLPartIV (3 entries)
| RelationshipRelationship | Amount Of TransactionAmountOfTransaction | Description Of TransactionDescriptionOfTransaction | Sharing Of RevenuesSharingOfRevenues |
|---|---|---|---|
| Marylou Habecker | |||
| President's wife | 36060 | Employee Compensation | 0 |
| Ronald Korfmacher | |||
| Trustee's Brother-in-law | 70328 | Employee Compensation | 0 |
| Megan Biehl | |||
| Officer's Daughter | 18231 | Employee Compensation | 0 |
Schedule M IRS990ScheduleM
Securities Publicly Traded SecuritiesPubliclyTraded
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Number Of Contributions | 18 | NumberOfContributions |
| Noncash Contribs Rptd F990 | 312541 | NoncashContribsRptdF990 |
| Method Of Determining Revenues | FMV-Similar Sales | MethodOfDeterminingRevenues |
Other Non Cash Contributions Table OtherNonCashContributionsTable
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Description | Horses | Description |
| Number Of Contributions | 5 | NumberOfContributions |
| Method Of Determining Revenues | Not determined | MethodOfDeterminingRevenues |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of8283 Received | 10 | NumberOf8283Received |
| Any Property That Must Be Held | 0 | AnyPropertyThatMustBeHeld |
| Review Process Unusual NC Gifts | 1 | ReviewProcessUnusualNCGifts |
| Third Parties Used | 0 | ThirdPartiesUsed |
Form990 Schedule M Part II Form990ScheduleMPartII (2 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| Method for Determining Number of Contributors: | Part I, Column (b): | The number of contributions reported on Schedule M is the number of contributions received, not the number of items contributed. |
| Non Reporting of Revenue: | Part I, Line 33: | The live horses donated to the University were not assigned a value on the statement of activities. The University recorded these gifts with a one cent debit and credit to the same expense account only in order to produce a gift in kind (no value stated) receipt for the donor, |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (6 entries)
| Return ReferenceReturnReference | ExplanationExplanation | IdentifierIdentifier |
|---|---|---|
| Form 990, Part VI, Section B, line 11 | The University's board of directors has delegated authority for the 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. | |
| 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 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 | These are all available to the public upon request, either as a printed or electronic copy. | |
| Form 990, Part XI, line 5: | Net unrealized losses on investments: -4,021,494. Interest Rate Swap - Change In Value -288,900. Total to Form 990, Part XI, Line 5: -4,310,394. | Changes in Net Assets or Fund Balances: |
| Form 990, Page 12, Part XI, Line 2c | The organization has a committee that assumed responsibility for oversight of the audit of its financial statements and selection of an independent accountant. This process has not changed from the prior year. | Explanation of Responsibility |
Schedule R IRS990ScheduleR
Form990 Schedule R Part I Form990ScheduleRPartI
Name Of Disregarded Entity NameOfDisregardedEntity
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Taylor Angel Fund LLC | BusinessNameLine1 |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 236 West Read Ave | AddressLine1 |
| City | Upland | City |
| State | IN | State |
| ZIP Code | 46989 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Primary Activities | New business/research endeavors | PrimaryActivities |
| Legal Domicile State | IN | LegalDomicileState |
| Total Income | 0 | TotalIncome |
| EOY Assets | 0 | EOYAssets |
| Direct Controlling Entity NA | N/A | DirectControllingEntityNA |
Form990 Schedule R Part II Form990ScheduleRPartII (2 entries)
| Address Line1AddressUS/AddressLine1 | CityAddressUS/City | StateAddressUS/State | ZIP CodeAddressUS/ZIPCode | EINEIN | Primary ActivitiesPrimaryActivities | Legal Domicile StateLegalDomicileState | Exempt Code SectionExemptCodeSection | Public Charity StatusPublicCharityStatus | Business Name Line1DirectControllingEntityName/BusinessNameLine1 | Controlled OrgControlledOrg |
|---|---|---|---|---|---|---|---|---|---|---|
| William Taylor Foundation | ||||||||||
| 236 W Reade Ave | Upland | IN | 46989 | 356047122 | Support Taylor University | IN | 501(C)(3) | Line 11a, I | Taylor University | 0 |
| Taylor University Broadcasting Inc | ||||||||||
| 1025 W Rudisill Blvd | Fort Wayne | IN | 46807 | 351975367 | Christian Broadcasting | IN | 501(C)(3) | Line 11a, I | Taylor University | 0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Ann Rents Royalties | 0 | ReceiptOfIntAnnRentsRoyalties |
| Gift Grant Or Cap Contr To Other Org | 1 | GiftGrantOrCapContrToOtherOrg |
| Gift Grant Or Cap Contr Fr Other Org | 1 | GiftGrantOrCapContrFrOtherOrg |
| Loans Or Guarantees To Other Org | 0 | LoansOrGuaranteesToOtherOrg |
| Loans Or Guarantees From Other Org | 0 | LoansOrGuaranteesFromOtherOrg |
| Sale Of Assets To Other Org | 0 | SaleOfAssetsToOtherOrg |
| Purchase Of Assets From Other Org | 0 | PurchaseOfAssetsFromOtherOrg |
| Exchange Of Assets | 0 | ExchangeOfAssets |
| Rental Of Facilities To Other Orgs | 0 | RentalOfFacilitiesToOtherOrgs |
| Rental Of Facilities Fr Other Orgs | 0 | RentalOfFacilitiesFrOtherOrgs |
| Perform Of Services For Other Orgs | 1 | PerformOfServicesForOtherOrgs |
| Perform Of Services By Other Orgs | 0 | PerformOfServicesByOtherOrgs |
| Sharing Of Facilities | 1 | SharingOfFacilities |
| Sharing Of Paid Employees | 1 | SharingOfPaidEmployees |
| Reimbursement Paid To Other Org | 0 | ReimbursementPaidToOtherOrg |
| Reimbursement Paid By Other Org | 0 | ReimbursementPaidByOtherOrg |
| Other Transfer To Other Org | 0 | OtherTransferToOtherOrg |
| Other Transfer From Other Org | 0 | OtherTransferFromOtherOrg |