2026-02-27T14:54:32-06:00 2025-05-31 450250958 EIDE BAILLY LLP 400 PINE ST STE 600 ABILENE TX 796015190 990 2024-06-01 750851900 ABILENE CHRISTIAN UNIVERSITY ABIL 3256742000 ACU BOX 29120 ABILENE TX 79699 KEVIN CAMPBELL SVP OF OPERATIONS 3256742000 2026-02-06 1 1 MICHELLE BEATY CPA P01404339 3256724000 2026-02-05 2024 2025-03-06 01:10:19Z KEVIN CAMPBELL ACU BOX 29120 ABILENE TX 79699 551403692 0 X WWW.ACU.EDU X 1906 TX ACU IS A NATIONAL LEADER IN CHRISTIAN HIGHER EDUCATION, AND THE MISSION IS TO EDUCATE STUDENTS FOR CHRISTIAN SERVICE AND LEADERSHIP THROUGHOUT THE WORLD. ACU IS A VIBRANT, INNOVATIVE, CHRIST-CENTERED COMMUNITY THAT ENGAGES STUDENTS IN AUTHENTIC SPIRITUAL AND INTELLECTUAL GROWTH, EQUIPPING THEM TO MAKE A REAL DIFFERENCE IN THE WORLD. 31 31 3124 0 1666664 611169 59430211 31616948 212059388 224150615 69154447 47440245 20970720 22269416 361614766 325477224 84160266 90086180 0 0 98800305 106624042 0 0 4798932 90466972 98399717 273427543 295109939 88187223 30367285 1323523322 1440786332 330817820 399980974 992705502 1040805358 X ACU IS A NATIONAL LEADER IN CHRISTIAN HIGHER EDUCATION, AND THE MISSION IS TO EDUCATE STUDENTS FOR CHRISTIAN SERVICE AND LEADERSHIP THROUGHOUT THE WORLD. ACU IS A VIBRANT, INNOVATIVE, CHRIST-CENTERED COMMUNITY THAT ENGAGES STUDENTS IN AUTHENTIC SPIRITUAL AND INTELLECTUAL GROWTH, EQUIPPING THEM TO MAKE A REAL DIFFERENCE IN THE WORLD. 0 0 171137975 90086180 188245565 ABILENE CHRISTIAN UNIVERSITY IS A HIGHER EDUCATION INSTITUTION WHICH SERVES APPROXIMATELY 6,300 GRADUATE AND UNDERGRADUATE STUDENTS. IN ADDITION TO EDUCATING THE STUDENTS, THE UNIVERSITY OFFERS ON-CAMPUS AND OFF-CAMPUS HOUSING, ON-CAMPUS FOOD SERVICE, ATHLETIC PROGRAMS AND ASSISTANCE WITH STUDENT AID. ACU ALSO OPERATES PROGRAMS TO FOSTER RELATIONSHIPS WITH ALUMNI OF THE UNIVERSITY. 25933440 28227579 AUXILIARY ENTERPRISES INTEGRATE LIVING, LEARNING, AND FAITH, WHEREBY STUDENTS LEARN TO LIVE LIVES OF CHRISTIAN SERVICE AND LEADERSHIP THROUGHOUT THE WORLD. IT COMBINES WHAT STUDENTS LEARN IN THE CLASSROOM WITH PRACTICAL APPLICATION THAT WILL PREPARE THEM FOR REAL-WORLD EXPERIENCES. 8861816 9645755 EDUCATION SERVICES INCLUDES ACADEMIC COUNSELING AND TESTING SERVICES, HEALTH SERVICES, AND STUDY ABROAD ACTIVITIES THAT ARE ALL DESIGNED TO ENHANCE A STUDENT'S LEARNING EXPERIENCE AND THE OVERALL QUALITY OF A STUDENT'S EDUCATION. 205933231 1 1 0 1 0 1 0 0 1 1 1 1 0 1 1 1 0 1 1 1 1 0 0 1 0 0 0 1 1 1 1 0 0 0 0 0 1 1 1 1 0 1 1 0 0 1 1 0 0 0 1 684 0 1 3124 1 1 1 1 UK 0 0 0 1 1 0 0 0 0 0 0 0 0 0 X 31 31 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 1 1 X X KEVIN CAMPBELL 3256746552 ACU BOX 29120 ABILENE TX 79699 ALAN RICH TRUSTEE 1.00 X 0 0 0 APRIL ANTHONY TRUSTEE 1.00 X 0 0 0 ARTHUR CULPEPPER TRUSTEE 1.00 X 0 0 0 BELINDA HARMON TRUSTEE 1.00 X 0 0 0 BERTO GUERRA TRUSTEE 1.00 X 0 0 0 BILL MINICK TRUSTEE 1.00 X 0 0 0 CAROLE PHILLIPS TRUSTEE 1.00 X 0 0 0 CECIL EAGER TRUSTEE 1.00 X 0 0 0 DAVID FLOW TRUSTEE 1.00 X 0 0 0 DON CLEVENGER TRUSTEE 1.00 X 0 0 0 DOUG ROBISON TRUSTEE 1.00 X 0 0 0 ELISE MITCHELL TRUSTEE 1.00 X 0 0 0 FERNANDO NASMYTH TRUSTEE 1.00 X 0 0 0 GUY LEWIS TRUSTEE 1.00 X 0 0 0 JACK GRIGGS TRUSTEE 1.00 X 0 0 0 JAMES PORTER TRUSTEE 1.00 X 0 0 0 JANA HANNER TRUSTEE 1.00 X 0 0 0 JOSE MOORE TRUSTEE 1.00 X 0 0 0 KATE DALTON TRUSTEE 1.00 X 0 0 0 KELLY SHEWMAKER TRUSTEE 1.00 X 0 0 0 KYLE HAMMOND TRUSTEE 1.00 X 0 0 0 LESLIE HUTCHINS TRUSTEE 1.00 X 0 0 0 LUKE HEJL TRUSTEE 1.00 X 0 0 0 LUKE JAMES TRUSTEE 1.00 X 0 0 0 MARELYN SHEDD TRUSTEE 1.00 X 0 0 0 MARK DUNCUM TRUSTEE 1.00 X 0 0 0 MITCH WILBURN TRUSTEE 1.00 X 0 0 0 RALPH DRAPER TRUSTEE 1.00 X 0 0 0 RANDY OWEN TRUSTEE 1.00 X 0 0 0 RICK WESSEL TRUSTEE 1.00 X 0 0 0 SANDRA FORTENBERRY TRUSTEE 1.00 X 0 0 0 SHELTON GIBBS TRUSTEE 1.00 X 0 0 0 TOD BROWN TRUSTEE 1.00 X X 0 0 0 WAYNE MASSEY TRUSTEE 1.00 X 0 0 0 ANTHONY WILLIAMS EXEC DIR - INTERCULTURAL ENGAGEMENT & BELONGING 40.00 X 173821 0 31852 BLAIR SCHROEDER CHIEF PLANNING OFFICER 40.00 X 192989 0 36453 DANIEL MACALUSO VP OF ADVANCEMENT 40.00 X 254018 0 65004 JOE LEE CIO 40.00 X 505623 0 70700 KAY TINDLE VP OF RESEARCH 40.00 X 31187 0 10136 KEVIN CAMPBELL SVP OF OPERATIONS 40.00 X 303408 0 44296 LORI HERRICK CFO 40.00 X 184016 0 20730 PHILIP SCHUBERT PRESIDENT 40.00 X 551569 0 143425 ROBERT RHODES PROVOST 40.00 X 279205 0 41632 RUSTY KRUZELOCK VP OF RESEARCH 40.00 X 166089 0 31849 SHARON AYALA VP OF MARKETING 40.00 X 185102 0 36254 SLADE SULLIVAN VP & GENERAL COUNSEL 40.00 X 192346 0 42259 STEPHEN JOHNSON CEO, DALLAS CAMPUS 40.00 X 317329 0 43073 SUSAN LEWIS VP FOR ACADEMIC AFFAIRS 40.00 X 226939 0 33672 TAMERA LONG VP OF ENROLLMENT 40.00 X 191730 0 40926 WENDY JONES CHIEF HR OFFICER 40.00 X 128573 0 28992 WILLIAM BEASLEY CHIEF OF STAFF 40.00 X 152371 0 33833 ZACHARY LASSITER VP OF ATHLETICS 40.00 X 264923 0 36790 BRETTE TANNER HEAD BASKETBALL COACH 40.00 X 315355 0 43560 KEITH PATTERSON HEAD FOOTBALL COACH 40.00 X 418439 0 40142 RUSTY TOWELL DIRECTOR OF NEXT 40.00 X 284551 0 62536 STEVEN RUTT COO ACU DALLAS 40.00 X 245272 0 32837 TIMOTHY HEAD ASST DIRECTOR OF NEXT 40.00 X 269872 0 25845 5834727 0 996796 22 0 1 0 LINBECK GROUP LLC 1263 WEST ROSEDALE ST STE 202 FORT WORTH TX 76104 CONSTRUCTION 13986682 ENFRA MCC LLC PO BOX 737049 DALLAS TX 75373 CONTRACT SERVICES FOR CENTRAL PLANT DESI 9071492 CHARTWELLS HIGHER EDUCATION 2 INTERNATIONAL DRIVE RYE BROOK NY 10573 FOOD SERVICE 7657847 GOOGLE LLC 1600 AMPHITHEATRE PARKWAY MOUNTAIN VIEW CA 94043 ENROLLMENT MARKETING DATA 4333341 CORE CONSTRUCTION SERVICES 6320 RESEARCH RD 200 FRISCO TX 75033 CONSTRUCTION 3544223 96 2060002 6902285 22654661 1501764 31616948 TUITION AND FEES 611710 186277281 186277281 AUXILIARY ENTERPRISES 611710 28227579 28227579 EDUCATION SERVICES 611710 9645755 9645755 224150615 19059597 1644259 17415338 19298433 19298433 1387490 715488 672002 672002 22405 649597 253356474 224975826 28380648 28380648 28380648 565851 235154 330697 330697 OTHER INCOME 611710 1968284 1968284 1968284 325477224 226118899 1666664 66074713 432830 432830 89653350 89653350 4687862 747277 3174371 766214 78861315 60547357 15973454 2340504 4052127 3111102 820763 120262 13683468 10505757 2771603 406108 5339270 4099332 1081475 158463 179074 32459 146615 191677 745 190932 2033526 2033526 8164395 4194471 3847794 122130 8210384 822565 7329794 58025 6050196 3840780 2074818 134598 7617069 3720056 3843127 53886 211029 211029 5770182 1022666 4746257 1259 10441807 9322796 942295 176716 981223 789355 187763 4105 10532062 10532062 14197186 14197186 3228892 258747 2970145 DINING SERVICE CONTRACT 7615966 7615966 REPAIRS, MAINTENANCE & 5462376 1241462 4220344 570 TAXES 2422518 712712 1709806 STUDENT DEVELOPMENT/REC 1526302 1504396 21906 3563853 1546021 1561740 456092 295109939 205933231 84377776 4798932 -147764 -796027 24246012 21615929 27910396 23795557 21150240 20578388 1534641 1589038 710472 782383 11729325 11904919 724477409 206518865 478709928 517958544 254917846 297306473 394048409 432230280 108713817 113820848 1323523322 1440786332 15663540 17500003 169273332 167706665 74960000 74960000 6239997 6525929 64680951 133288377 330817820 399980974 X 540258365 580723632 452447137 460081726 992705502 1040805358 1323523322 1440786332 30367285 17732571 0 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 1 380023 0 0 380023 0 PART II-B, LINE 1: ACU WORKED TO ENGAGE AND EDUCATE VARIOUS MEMBERS OF THE LEGISLATURE AND ADMINISTRATION REGARDING THE UNIQUE RESEARCH ACTIVITIES THAT THE UNIVERSITY WAS SPEARHEADING AS PART OF A CONSORTIUM OF TEXAS UNIVERSITIES. 7 26302 361600 1273579 1 1 0 0 821879759 8051995 82272619 11855297 27597364 3150277 869601435 753723541 36796519 67693942 11187655 22616373 2530215 821879759 699224594 46427518 44498034 10126903 23616373 2683329 753723541 638449351 18930342 72063990 9324839 18424274 2469976 699224594 443572575 19339406 200766797 8335728 13891677 3002022 638449351 0.47974 0.52026 0 1 1 1777247 1777247 445461042 103840979 341620063 138508657 72062531 66446126 33770435 30615355 3155080 57461648 47498380 104960028 517958544 INTERNATIONAL EMERGING 68099125 F HEDGE FUNDS 2463836 F PRIVATE EQUITY VENTURE CAPITAL 209662641 F ENERGY AND NATURAL RESOURCES 80375570 F OTHER SECURITIES 25414864 F US BONDS:OTHER 46214244 F 432230280 INSURANCE RECEIVABLE 2095765 MINERAL INTERESTS 96645173 OTHER INVESTMENTS 11345520 ASSETS HELD BY EXTERNAL TRUSTEES 3734390 113820848 DEPOSITS AND OTHER LIABILITIES 105457168 RESERVE FOR SPLIT INT AGREEMENTS 23959368 DEBT ISSUANCE COST & BOND PREMIUM 3871841 133288377 X 252099036 17732571 5910870 23643441 228455595 97021629 97021629 325477224 202340511 4252201 4252201 198088310 97021629 97021629 295109939 PART V, LINE 4: THE ENDOWMENT FUNDS OF THE UNIVERSITY ARE HELD TO SUPPORT THE GENERAL OPERATIONS OF THE UNIVERSITY AND TO PROVIDE SCHOLARSHIPS TO STUDENTS OF THE UNIVERSITY. PART X, LINE 2: THE UNIVERSITY IS A TAX-EXEMPT INSTITUTION AS AN ORGANIZATION DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED ("IRC") AND IS NOT A "PRIVATE FOUNDATION" UNDER SECTION 501(A) OF THE IRC; ACCORDINGLY, NO PROVISION FOR INCOME TAXES HAS BEEN MADE IN THE CONSOLIDATED FINANCIAL STATEMENTS. ACIMCO HAS ALSO BEEN ACCORDED RECOGNITION AS EXEMPT FROM INCOME TAX UNDER SECTION 501(A) OF THE IRC, AS ORGANIZATIONS DESCRIBED IN SECTION 501(C)(3) AND 509(A)(3) OF THE IRC. FOR THE YEARS ENDED MAY 31, 2025 AND 2024, THE UNIVERSITY INCURRED UNRELATED BUSINESS ACTIVITY RELATED TO CERTAIN RETAIL SALES, ADVERTISING, RENTAL INCOME, OIL AND GAS WORKING INTEREST, AND CERTAIN ALTERNATIVE INVESTMENTS, RESULTING IN AN IMMATERIAL AMOUNT OF UNRELATED BUSINESS INCOME. TAX POSITIONS TAKEN RELATED TO THE UNIVERSITY'S TAX-EXEMPT STATUS, UNRELATED BUSINESS INCOME ACTIVITIES, DEDUCTIBILITY OF EXPENSES FOR UNRELATED BUSINESS ACTIVITIES, AND OTHER MISCELLANEOUS TAX POSITIONS HAVE BEEN REVIEWED, AND MANAGEMENT BELIEVES THAT MATERIAL POSITIONS TAKEN BY THE UNIVERSITY WILL MORE LIKELY THAN NOT BE SUSTAINED BY EXAMINATION. ACCORDINGLY, THE UNIVERSITY HAS NOT RECORDED A LIABILITY FOR UNCERTAIN TAX POSITIONS. AS OF MAY 31, 2025, THE UNIVERSITY'S TAX YEARS 2019 TO 2025 REMAIN SUBJECT TO EXAMINATION. PART XI, LINE 2D - OTHER ADJUSTMENTS: WOODWARD ENDOWMENT REVENUE 3,719,604. ACIMCO REVENUE 2,191,266. PART XI, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS 89,653,350. RECLASS COST OF GOODS SOLD -235,154. RECLASS RELATED ORGANIZATION GIFTS 2,060,002. RECLASS ENDOWMENT FEES - ACIMCO 2,033,526. RECLASS RENTAL EXPENSES -715,487. RECLASS INVESTMENT EXPENSES NETTED ON FINANCIAL STATEMENTS 4,225,392. PART XII, LINE 2D - OTHER ADJUSTMENTS: WOODWARD ENDOWMENT EXPENSES 2,060,002. ACIMCO EXPENSES 2,192,199. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS 89,653,350. RECLASS COST OF GOODS SOLD -235,154. RECLASS RELATED ORGANIZATION GIFTS 2,060,002. RECLASS ENDOWMENT FEES - ACIMCO 2,033,526. RECLASS RENTAL EXPENSES -715,487. RECLASS INVESTMENT EXPENSES NETTED ON FINANCIAL STATEMENTS 4,225,392. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 ACU PUBLISHES ITS NONDISCRIMINATORY POLICY ON OUR PUBLIC WEB SITE, IN THE UNIVERSITY CATALOG AND ON THE APPLICATION FOR ADMISSION. SCHEDULE E, PART I, LINE 6 ABILENE CHRISTIAN UNIVERSITY RECEIVES VARIOUS RESEARCH GRANTS FROM THE STATE OF TEXAS AND OTHER GOVERNMENTAL ENTITIES. IN ADDITION, ACU RECEIVES SCHOLARSHIP GRANTS FROM FEDERAL AGENCIES AND THE STATE OF TEXAS TO ASSIST STUDENTS WITH THEIR COSTS OF EDUCATION. ACU PARTICIPATES IN THE DIRECT LOAN PROGRAM WHICH PROVIDES STUDENTS FEDERAL SUBSIDIZED LOANS TO ASSIST WITH THEIR EDUCATIONAL COSTS. EUROPE (INCLUDING ICELAND & GREENLAND) 1 PROGRAM SERVICES HIGHER EDUCATION 1043132 CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, INVESTMENTS 114026000 EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM INVESTMENTS 4959000 SUB-SAHARAN AFRICA - ANGOLA, BENIN, BOTSWANA, BURKINA FASO, INVESTMENTS 17508000 NORTH AMERICA INVESTMENTS 6914000 0 0 0 0 0 0 144450132 0 144450132 1 0 0 1 1 0 0 AL AK AZ AR CA CO CT DE DC FL GA HI ID IL IN IA KS KY LA ME MD MI MN MS MO MT NE NV NH NJ NM NY NC ND OH OK OR PA RI SC SD TN TX UT VT VA WA WV WI WY 1 LIVEBEYOND PO BOX 128137 NASHVILLE TN 37212 300345964 501(C)(3) 10000 0 GENERAL SUPPORT EASTERN EUROPEAN MISSIONS PO BOX 55245 HURST TX 76054 742200722 501(C)(3) 10000 0 GENERAL SUPPORT CHRISTIAN CAMPUS CENTER - UTA 405 WEST 1ST ST ARLINGTON TX 76010 752962703 501(C)(3) 20000 0 GENERAL SUPPORT YOUTH VOICE 1634 N 1ST ABILENE TX 79602 922222045 501(C)(3) 25000 0 GENERAL SUPPORT WOODSEDGE COMMUNITY CHURCH 25333 GOSLING RD SPRING TX 77389 760426317 501(C)(3) 26000 0 GENERAL SUPPORT ABILENE YOUTH SPORTS AUTHORITY 6550 DIRECTORS PARKWAY ABILENE TX 79606 200800483 501(C)(3) 50000 0 GENERAL SUPPORT FOCUS ON THE FAMILY 8605 EXPLORER DRIVE COLORADO SPRINGS CO 809201051 953188150 501(C)(3) 250000 0 GENERAL SUPPORT 7 0 SCHOLARSHIPS - HIGHER EDUCATION 7851 89653350 PART I, LINE 2: SCHOLARSHIPS & GRANTS - HIGHER EDUCATION - FOR ALL SCHOLARSHIP FUNDS AND GRANTS, STUDENT FINANCIAL SERVICES HAS ESTABLISHED SPECIFIC CRITERIA IN REGARDS TO ELIGIBILITY AND SELECTION. THE ELIGIBILITY REQUIREMENTS OF THE STUDENTS ARE DOCUMENTED AND MONITORED FOR COMPLIANCE. THE ACTUAL SCHOLARSHIPS AND GRANTS ARE CREDITED TO THE STUDENT'S TUITION BILLS. NO SCHOLARSHIPS OR GRANTS ARE AWARDED DIRECTLY TO THE RECIPIENTS. X X X 1 1 X X X X 0 1 0 0 0 0 0 0 0 PHILIP SCHUBERT PRESIDENT 436421 0 89000 0 26148 0 45978 0 97447 0 694994 0 0 0 JOE LEE CIO 405623 0 100000 0 0 0 45978 0 24722 0 576323 0 0 0 KEITH PATTERSON HEAD FOOTBALL COACH 397433 0 12000 0 9006 0 22500 0 17642 0 458581 0 0 0 STEPHEN JOHNSON CEO, DALLAS CAMPUS 316956 0 0 0 373 0 21949 0 21124 0 360402 0 0 0 BRETTE TANNER HEAD BASKETBALL COACH 313860 0 1000 0 495 0 22500 0 21060 0 358915 0 0 0 KEVIN CAMPBELL SVP OF OPERATIONS 231192 0 72000 0 216 0 19673 0 24623 0 347704 0 0 0 RUSTY TOWELL DIRECTOR OF NEXT 284101 0 0 0 450 0 40988 0 21548 0 347087 0 0 0 ROBERT RHODES PROVOST 278147 0 0 0 1058 0 22957 0 18675 0 320837 0 0 0 DANIEL MACALUSO VP OF ADVANCEMENT 252960 0 0 0 1058 0 44564 0 20440 0 319022 0 0 0 ZACHARY LASSITER VP OF ATHLETICS 237072 0 27500 0 351 0 20237 0 16553 0 301713 0 0 0 TIMOTHY HEAD ASST DIRECTOR OF NEXT 269872 0 0 0 0 0 16013 0 9832 0 295717 0 0 0 STEVEN RUTT COO ACU DALLAS 245060 0 0 0 212 0 8925 0 23912 0 278109 0 0 0 SUSAN LEWIS VP FOR ACADEMIC AFFAIRS 226696 0 0 0 243 0 18488 0 15184 0 260611 0 0 0 SLADE SULLIVAN VP & GENERAL COUNSEL 192076 0 0 0 270 0 16637 0 25622 0 234605 0 0 0 TAMERA LONG VP OF ENROLLMENT 191546 0 0 0 184 0 16477 0 24449 0 232656 0 0 0 BLAIR SCHROEDER CHIEF PLANNING OFFICER 184915 0 7954 0 120 0 15677 0 20776 0 229442 0 0 0 SHARON AYALA VP OF MARKETING 185102 0 0 0 0 0 15677 0 20577 0 221356 0 0 0 ANTHONY WILLIAMS EXEC DIR - INTERCULTURAL ENGAGEMENT 168504 0 5000 0 317 0 14123 0 17729 0 205673 0 0 0 LORI HERRICK CFO 183865 0 0 0 151 0 11032 0 9698 0 204746 0 0 0 RUSTY KRUZELOCK VP OF RESEARCH 165435 0 0 0 654 0 13896 0 17953 0 197938 0 0 0 WILLIAM BEASLEY CHIEF OF STAFF 152371 0 0 0 0 0 13077 0 20756 0 186204 0 0 0 WENDY JONES CHIEF HR OFFICER 128199 0 150 0 224 0 10932 0 18060 0 157565 0 0 0 PART I, LINE 1A CHARTER TRAVEL WAS PAID FOR ON BEHALF OF THE PRESIDENTS OFFICE. THE EXPENSE WAS NOT INCLUDED AS TAXABLE COMPENSATION BECAUSE THE TRAVEL WAS FOR A BONA FIDE BUSINESS PURPOSE. MINISTERIAL HOUSING ALLOWANCE IS OFFERED TO QUALIFIED FACULTY AND ADMINISTRATORS OF THE UNIVERSITY. TWO LISTED PERSONS RECEIVED THIS BENEFIT. THE HOUSING ALLOWANCE IS NOT INCLUDED AS TAXABLE COMPENSATION TO THE EMPLOYEE. COUNTRY CLUB DUES WERE PAID ON BEHALF OF ONE ATHLETIC STAFF. THE DUES WERE REPORTED AS TAXABLE COMPENSATION. PART I, LINE 3 IN A PREVIOUS FISCAL YEAR, ACU IMPLEMENTED SPLIT-DOLLAR LIFE INSURANCE POLICIES FOR ROYCE MONEY AND JACK RICH. THE POLICIES ARE TREATED AS LOANS TO THE EMPLOYEES AND REPRESENTATIONS AS REQUIRED BY REG 1.7872-15(D)(2) HAVE BEEN SIGNED. A NEWARK HIGHER EDUCATION FINANCE CORPORATION 465361566 2016-09-22 102281979 SEE PART VI 0 0 0 B NEWARK HIGHER EDUCATION FINANCE CORPORATION 465361566 2017-12-28 13270211 SEE PART VI 0 0 0 C NEWARK HIGHER EDUCATION FINANCE CORPORATION 465361566 650348AR6 2022-03-16 93094965 SEE PART VI 0 0 0 A 34385314 102282979 953481 30000000 71328498 2018 1 0 1 1 B 13270211 265404 13004807 2019 0 0 1 1 C 93094965 31670615 903251 60521099 31670615 2024 0 1 0 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 A 0 0 1 0 1 0 0 0 1 B 0 0 0 0 0 0 0 0 1 C 0 0 0 0 0 0 0 0 1 A 1 B 1 C 1 PART I, LINE A NEWARK HIGHER EDUCATION FINANCE CORPORATION - SERIES 2016A - ISSUED ON 9/22/16 - FACE AMOUNT $62,230,000. THE BOND WAS ISSUED AT A PREMIUM OF $6,781,979. $11,515,000 IS TO BE USED FOR STADIUM CONSTRUCTION, SCIENCE FACILITIES, AND CHRISTIAN VILLAGE RENOVATION. $56,703,292 WAS USED TO REFUND THE SERIES 2001, 2003, 2005, 2006, 2009, 2010, 2011, 2013, 2014, AND 2015 BONDS. NEWARK HIGHER EDUCATION FINANCE CORPORATION - SERIES 2016C - ISSUED 9/22/16 - FACE AMOUNT $33,270,000. $18,485,000 IS TO BE USED FOR STADIUM CONSTRUCTION AND SCIENCE FACILITIES. $14,625,206 WAS USED TO REFUND THE SERIES 2015 BONDS. PART I, LINE B NEWARK HIGHER EDUCATION FINANCE CORPORATION - SERIES 2017 - ISSUED 12/1/17 - FACE AMOUNT $11,570,000. THE BOND WAS ISSUED AT A PREMIUM OF $1,700,211. PROCEEDS WILL BE USED FOR INTERIOR COMPLETION OF THE SCIENCE BUILDING. PART I, LINE C NEWARK HIGHER EDUCATION FINANCE CORPORATION - SERIES 2022 - ISSUED MARCH 16, 2022 - FACE AMOUNT $88,240,000. THE BOND WAS ISSUED AT A PREMIUM OF $4,854,965. PROCEEDS WILL BE USED FOR CONSTRUCTION OF 2 NEW RESIDENCE HALLS AND REMODEL OF MOODY COLISEUM. $10,000,000 WAS USED TO REFUND THE SERIES 2016C TAXABLE BONDS. JACK RICH ACIMCO OFFICER SPLITDOLLAR LIFE INS X 832645 832645 0 1 1 ROYCE MONEY CHANCELLOR SPLITDOLLAR LIFE INS X 756393 756393 0 1 1 1589038 159566 MERIT BASED SCHOLARSHIPS 217680 TUITION DISCOUNTS 24449 NEED BASED SCHOLARSHIPS` KEATON KERRIGAN MANAGEMENT/FAMILY 51809 WAGES 0 MAKAYLA KERRIGAN MANAGEMENT/FAMILY 52434 WAGES 0 AARON ROBISON TRUSTEE/FAMILY 103638 WAGES 0 TIM DOTY TRUSTEE/FAMILY 62026 WAGES 0 ELIZABETH YOUNG MANAGEMENT/FAMILY 24923 WAGES 0 TERA HARMON TRUSTEE/FAMILY 71300 WAGES 0 JOSHUA RHODES MANAGEMENT/FAMILY 85566 W 0 X 26 1314356 QUOTED PRICES X VARIOUS 6 187408 ESTIMATED VALUE 0 1 0 FORM 990, PART VI, SECTION A, LINE 2 LINE 2 EXPLANATION - JACK RICH, ALAN RICH - FAMILY RELATIONSHIP STEVE MACK, JACK GRIGGS - BUSINESS RELATIONSHIP FORM 990, PART VI, SECTION B, LINE 11B FORM 990 IS PROVIDED TO THE FULL BOARD FOR REVIEW BY POSTING THE RETURN ON THE INTERNAL PASSWORD-PROTECTED BOARD WEB SITE. THE 990 IS ALSO REVIEWED IN DETAIL BY THE AUDIT AND RISK MANAGEMENT COMMITTEE OF THE BOARD OF TRUSTEES BEFORE POSTING TO BOARD WEB SITE. FORM 990, PART VI, SECTION B, LINE 12C ALL TRUSTEES AND OFFICERS COMPLETE A CONFLICT OF INTEREST QUESTIONNAIRE ANNUALLY. THE RESULTS OF THESE QUESTIONNAIRES ARE REVIEWED BY LEGAL COUNSEL AND ARE REPORTED TO THE AUDIT COMMITTEE. ALL OTHER EMPLOYEES ARE GIVEN A CONFLICT OF INTEREST QUESTIONNAIRE TO COMPLETE ANNUALLY. THESE ARE REVIEWED BY THE RESPONSIBLE DEAN OR VICE PRESIDENT TO DETERMINE IF A CONFLICT EXISTS. DEPENDING ON THE POTENTIAL CONFLICT, CONDITIONS OR RESTRICTIONS ARE ENFORCED TO REDUCE OR ELIMINATE THE CONFLICT OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15 COMPARABILITY DATA IS USED TO DETERMINE THE COMPENSATION LEVELS OF THE OFFICERS AND KEY EMPLOYEES. THE COMPENSATION OF OFFICERS AND KEY EMPLOYEES ARE DETERMINED BY THE PRESIDENT AND REVIEWED ANNUALLY BY THE COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES. COMPARABILITY DATA IS USED TO DETERMINE THE COMPENSATION LEVELS OF THE PRESIDENT. THE COMPENSATION OF THE PRESIDENT IS REVIEWED, APPROVED AND DOCUMENTED BY THE COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS, POLICIES AND FINANCIAL STATEMENTS OF ABILENE CHRISTIAN UNIVERSITY ARE POSTED ON OUR WEBSITE AND ARE AVAILABLE TO THE GENERAL PUBLIC. WE WILL ALSO PROVIDE COPIES OF THE DOCUMENTS UPON REQUEST. SCHEDULE D, PART XIV, ADDITIONAL INFORMATION TOTAL REVENUES AND EXPENSES PER ABILENE CHRISTIAN UNIVERSITY'S CONSOLIDATED AUDITED FINANCIAL STATEMENTS INCLUDE REVENUES AND EXPENSES FROM ACIMCO (26-3598377) AND GRACE L WOODWARD MEMORIAL ENDOWMENT TRUST (75-2700815). EACH OF THESE ENTITIES FILES THEIR OWN TAX RETURN, AND THEREFORE, ARE NOT INCLUDED IN REVENUES AND EXPENSES OF ABILENE CHRISTIAN UNIVERSITY'S FORM 990. ARL MULTI-FAMILY LLC 266 HUNTER WELCOME CENTER ABILENE TX 79699 REAL ESTATE VENTURE TX 76253 3501142 ABILENE CHRISTIAN UNIVERSITY ARL RETAIL LLC 266 HUNTER WELCOME CENTER ABILENE TX 79699 REAL ESTATE VENTURE TX 900713 17942077 ABILENE CHRISTIAN UNIVERSITY ACIMCO 214 HUNTER WELCOME CT ACU BOX 29125 ABILENE TX 79699 263598377 INVESTMENT MANAGEMENT FOR ACU TX 501(C)3 11 TYPE I ABILENE CHRISTIAN UNIVERSITY 0 GRACE L WOODWARD MEMORIAL ENDOWMENT BOX 29125 ACU STATION ABILENE TX 79699 752700815 SUPPORT ACU TX 501(C)3 11 TYPE I ABILENE CHRISTIAN UNIVERSITY 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 GRACE L WOODWARD MEMORIAL ENDOWMENT C 2054552 CASH