2023-11-09T15:44:07+00:00 2023-05-31 363990892 Capin Crouse LLP 2435 Research Parkway Suite 200 Colorado Springs CO 80920 990 2022-06-01 850164940 University of the Southwest UNIV 5753926561 6610 North Lovington Hwy 510 Hobbs NM 88240 Dr Ryan Tipton President 5753926561 2023-11-09 true Dr Ryan Tipton 999009999 Daren Daiga P01074795 5055052746 2022 2023-04-26 12:10:37Z Dr Ryan Tipton 6610 North Lovington Hwy 510 Hobbs NM 88240 17161140 false X www.usw.edu X 1962 NM Christ-centered higher educational community 20 20 180 25 0 0 3036128 1673630 15168566 15017102 210789 181095 145220 158173 18560703 17030000 4802933 4371696 0 7746001 6592721 0 86664 6192476 5590162 18741410 16554579 -180707 475421 18198087 17478150 3425212 2317613 14772875 15160537 University of the Southwest is a Christ-centered educational community dedicated to developing men and women for a lifetime of servant leadership by emphasizing faith, responsibility, and initiative. false false 5968721 3156026 5376888 USW offers undergraduate level programs in the fields of business, education, and arts and sciences. Degrees offered include BBA, BSE, BS, and BA. To complement the undergraduate degree programs, student organizations and activities include professional, academic honor, Christian ministry, civic, and cultural experiences. The University also supports intramural sports programming where students, staff, and faculty are welcome to participate. Athletic programming includes: Baseball, Softball, Mens and Womens Basketball, Mens and Womens Soccer, Volleyball, Cross Country, and Golf. As a University grounded in Christian principles, USW offers a prison seminary program for incarcerated individuals wishing to pursue an undergraduate degree meant to prepare the individual to effect positive community change through best practices in leadership, communication, ethics, and Christian studies. 5804805 1215670 8479351 USW offers graduate level programs in the fields of business, education, and arts and sciences. Degrees offered include MBA, DBA, MSE, EdD, MS, MA, and Dmin. The USW College of Business functions as an educational catalyst for positive social change by developing business leaders, entrepreneurs, and executives dedicated to applying servant leadership principles in free enterprise operations. The USW College of Education mission is to immerse candidates in authentic professional learning through a rigorous and innovative curriculum that leverages their strenghts and empowers them to be reflective professionals who are committed to equity and serving their students, families, and communities from an asset-based perspective. The USW College of Arts & Sciences is dedicated to providing the highest quality education in a wide range of academic disciplines to offer a deeper understanding of life, meaning, purpose, and knowledge while developing analytical and critical thinking skills on a path to being servant leaders in their vocations. 1089393 1160863 Residence halls, aparments, and student meal programs are available for undergraduate students. 12862919 true true false false false false false false true true false false false true false false true true false false false false false true false false true true true false false false false false false true false false false false false false true false false false true 1529 0 true 180 true false false false false false false false false false false false false X 20 20 true false false false false false true true true false false true true true true true true true true false X Paula Smith 5753926561 6610 North Lovington Hwy Suite 510 Hobbs NM 88240 Brad Caress Secretary 1.0 X X 0 0 0 Lee Roberson Chair 1.0 1.0 X X 0 0 0 Sabrina Amador Treasurer 1.0 X X 0 0 0 Samuel S Spencer Jr Vice-Chair 1.0 1.0 X X 0 0 0 Brian Snider Board Member 1.0 X 0 0 0 Cliff Brunson Board Member 1.0 X 0 0 0 David Shaw Board Member 1.0 X 0 0 0 Elaine Sena Cortez Board Member 1.0 X 0 0 0 Gary Eidson Board Member 1.0 X 0 0 0 George Klein Board Member 1.0 X 0 0 0 Heather Evans Board Member 1.0 X 0 0 0 James Lackey Board Member 1.0 X 0 0 0 Ken Bromley Board Member 1.0 X 0 0 0 Kristi Goodwin Board Member 1.0 X 0 0 0 Larry Scott (part year) Board Member 1.0 1.0 X 0 0 0 Laura Castillo Board Member 1.0 X 0 0 0 LeAnne Gandy Board Member 1.0 X 0 0 0 Lizabeth White Board Member 1.0 X 0 0 0 Michael Newell Board Member 1.0 X 0 0 0 Raul Quintana Board Member 1.0 X 0 0 0 Richard Sanchez Board Member 1.0 X 0 0 0 TJ Parks (part year) Board Member 1.0 X 0 0 0 Dr Quint Thurman (part year) President 40.0 1.0 X 80183 0 1753 Dr Ryan Tipton Interim President 40.0 1.0 X 233109 0 12558 Paula Smith EVP/CFO 40.0 1.0 X 129000 0 7647 David Arnold Faculty 40.0 X 144732 0 20569 Dr Brianna Lopez Chief Academic Officer 40.0 X 143533 0 11572 Keisha Tipton Assoc. Dean/Faculty 40.0 X 121689 0 16160 Sandra Johnson Faculty 40.0 X 112861 0 825 965107 0 71084 6 false true false USIM 3415 S Sepulveda Blvd Los Angeles CA 90034 Media Marketing 1768538 Great Western Dining PO Box 699 Tipton MO 65081 Food Services 701228 M&M Tours PO Box 1349 Hobbs NM 88241 Transportation 266822 3 8125 364714 158229 1142562 1673630 Tuition Revenue 611310 13856239 13856239 Room and Board 611310 1160863 1160863 0 0 0 0 15017102 47974 47974 108905 108905 0 0 200031 38000 100933 3977 99098 34023 133121 133121 16800 8125 26230 -9430 -9430 58698 0 0 58698 58698 17030000 15017102 0 339268 508807 508807 3862889 3862889 419161 419161 200277 200277 4829761 3898760 901243 29758 775460 543832 228020 3608 368062 284162 81458 2442 15510 15510 62787 62787 1322325 92073 1217770 12482 15549 15549 1202211 1144731 47627 9853 489096 244548 244548 386430 367152 19278 396277 386756 9521 38712 38712 612426 581805 30621 188327 188327 Food Service 448421 448421 Repairs & Maintenance 183480 145780 37700 Membership & Dues 173729 138132 31693 3904 Recruitment 45814 14794 31020 9068 0 0 9068 16554579 12862919 3604996 86664 132031 166350 712446 543796 335852 287957 125885 0 0 11784 66834 26758570 11842392 14969796 14916178 1612554 1497760 135667 161347 0 0 0 18198087 17478150 1342129 1116177 788693 692629 0 1294390 508807 3425212 2317613 X 13505433 13731796 1267442 1428741 14772875 15160537 18198087 17478150 X 475421 -113439 25680 X false true X true true true X 986184 912536 3132742 3036128 1673630 9741220 0 0 986184 912536 3132742 3036128 1673630 9741220 1824268 7916952 75690 59741 41804 53276 156879 387390 0 118221 0 156613 119717 58698 453249 10581859 73072670 0.7482 0.7374 X Schedule A, Part II Public Support The organization is a school as described under 170(b)(1)(A)(ii) and is not required to complete a public support schedule. Schedule A, Part II is completed to verify the School can qualify under public charity status section 170(b)(1)(A)(vi) and, therefore, qualifies to use the first listed special rule for Schedule B reporting. Schedule A, Part II, Line 10 Other Income DESCRIPTION - MISC., COLUMN A - 118221.0, COLUMN B - , COLUMN C - 156613.0, COLUMN D - 119717.0, COLUMN E - 58698.0, COLUMN F - 453249.0; RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 12836273 75000 340107 127522 368168 2613 12753077 13596790 58552 -215759 522646 75695 4969 12836273 10399650 801340 2723401 321763 5838 13596790 9203185 1003 1470914 270218 5234 10399650 8684153 750 787125 258184 10659 9203185 0.6574 0.3426 0.0 false true 1449615 1449615 23093705 10251573 12842132 2072478 1566137 506341 142772 24682 118090 14916178 Payable to related party 508807 Refunds to students 508807 Schedule D, Part V, Line 4 Intended uses of endowment funds The endowment is held by both the University and its supporting organization, University of the Southwest Foundation. The University uses the earnings from the endowed funds to award scholarships to students or fund the operations of the University in accordance with the intent of the donor. true true true true true true true false false false false false false false false true false true Schedule E, Part I, Line 3 RACIALLY NONDISCRIMINATORY POLICY The organization publicized its racially nondiscriminatory policy on the homepage of its website at all times during its tax year in a manner reasonably expected to be noticed by visitors. Schedule E, Part I, Line 6(a) FINANCIAL AID OR ASSISTANCE FROM A GOVERNMENT Students attending University of the Southwest are eligible to receive Federal title IV financial assistance administered through the University. New Mexico residents attending the University are eligible to receive financial assistance from the State of New Mexico administered through the University. Gala 24925 8125 16800 4520 11743 497 9470 0 0 24925 8125 16800 4520 11743 497 9470 26230 -9430 true University of the Southwest Foundation 6610 N Lovington Hwy Suite 510 Hobbs NM 88240 237424724 501(c)(3) 508807 FMV Investments Support 1 0 Tuition Grants / Scholarships 675 3862889 Schedule I, Part I, Line 2 Procedures for monitoring use of grant funds. The grant to USW Foundation represents a transfer of endowment funds from USW to USW Foundation. The financial records of both USW and USW Foundation are managed at the same location. Financial assistance programs at the University are funded through a variety of sources. It is intended that the various financial assistance programs be used to recognize academic, athletic, servant leadership, and special achievement and to meet financial needs or provide self-help opportunities through student workstudy programs and parent/student loans. While it is not possible to guarantee that funding will be available for every needy applicant, the financial assistance programs at the University are designed to help cover the difference between the direct cost of attending the University and the student's own resources. Each application is reviewed based upon an individual assessment in order to determine the type of resources that will best serve the student. No cash changes hands and funds are directly tied to student accounts. X true true X X X X false false false false false false false false false Dr Ryan Tipton Interim President 233109 0 0 0 0 0 0 0 12558 0 245667 0 0 0 David Arnold Faculty 144732 0 0 0 0 0 0 0 20569 0 165301 0 0 0 Dr Brianna Lopez Chief Academic Officer 143533 0 0 0 0 0 0 0 11572 0 155105 0 0 0 Schedule J, Part I, Line 1a Housing allowance or residence for personal use Dr. Quint Thurman, President (part year) - received $9,000 of taxable housing allowance. Keisha Tipton Famly member of interim president 138911 Compensation and benefits false Sarah Krohn Family member of President (part year) 61367 Compensation and benefits false Form 990, Part VI, Line 1a Delegate broad authority to a committee The Executive Committee consists of the officers of the Board of Trustees and the Committee Chairs. They do have authority to act on behalf of the Board. Form 990, Part VI, Line 2 Family/business relationships amongst interested persons Paula Smith and Samuel S. Spencer, Jr. - Business relationship, Samuel S. Spencer, Jr. and Larry Scott - Business relationship, Paula Smith and Larry Scott - Business relationship Form 990, Part VI, Line 7b Decisions requiring approval by members or stockholders As described in Article IX of the Articles of Incorporation, if USW is dissolved, all property remaining after payment and discharge of its obligations shall be transferred to one or more other organizations that have been identified by the USW and USW Foundation Board of Directors upon consultation with and approval by the J.F Maddox Foundation Board of Directors. Form 990, Part VI, Line 11b Review of form 990 by governing body The Form 990 is prepared by an independent CPA firm and reviewed in detail by the CFO. The reviewed 990 is then reviewed by the audit and finance committee of the Board of Trustees. A copy of the completed Form 990 is provided to all members of the Board of Trustees prior to filing the return. Form 990, Part VI, Line 12c Conflict of interest policy The University's established conflict of interest policy, which covers all trustees, directors, officers and key employees, requires that the covered individuals self-disclose conflicts annually. The signed statements are reviewed by the President's administrator. In addition, as specified in the policy, trustees, directors, officers and key employees recuse themselves and/or are recused from decisions relating to areas of possible or perceived conflicts. Form 990, Part VI, Line 15a Process to establish compensation of top management official Comparable data is consulted in establishing salary ranges for the President and Interim President. In no circumstance is the President or Interim President compensated at a rate exceeding peer institutions. Independent members of the board, including the compensation committee, review and approve compensation for the President and Interim President. The approval process is documented in the applicable Human Resources files. Form 990, Part VI, Line 15b Process to establish compensation of other employees Comparable data is consulted in establishing salary ranges for all other officers. In no circumstance is any officer compensated at a rate exceeding peer institutions. The approval process is documented in the applicable Human Resources files. Form 990, Part VI, Line 19 Required documents available to the public The governing documents, conflict of interest policy, and financial statements are available upon request. Form 990, Part VIII, Line 11d Other Miscellaneous Revenue Misc. Revenue - Total Revenue: 58698, Related or Exempt Function Revenue: , Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: 58698; Form 990, Part XI, Line 9 Other changes in net assets or fund balances Change in Oil and Gas Rights - 25680; University of the Southwest Foundation 6610 N Lovington Hwy Suite 510 Hobbs NM 88240 237424724 To support University of the Southwest NM 501(c)(3) Type III-FI NA false false true true false true false false false false false false true false true true false false true false