2023-05-15T18:18:22-05:00 2022-06-30 FORVIS LLP 14241 DALLAS PARKWAY SUITE 1100 DALLAS TX 75254 990 2021-07-01 640303069 Belhaven University % SHERYL S VITTITOE BELH 6019688779 1500 Peachtree Street Jackson MS 39202 SHERYL S VITTITOE CFO & VP 6019688705 2023-05-16 true Roger Parrott 999009999 Jeanette Verrelli P00742631 9727028262 2023-05-15 3 2021 2023-04-26 12:10:37Z ROGER PARROTT 1500 PEACHTREE STREET JACKSON MS 39202 77115987 false X WWW.BELHAVEN.EDU X 1883 MS BELHAVEN UNIVERSITY (BELHAVEN) IS A CHRISTIAN LIBERAL ARTS UNIVERSITY DEDICATED TO EXCELLENCE IN CHRISTIAN HIGHER EDUCATION. 25 23 973 25 0 0 25231431 9110190 57564010 48537467 480342 259118 197535 260550 83473318 58167325 14321098 12263040 0 0 25286604 25379699 0 0 5430729 21140836 21386147 60748538 59028886 22724780 -861561 91182185 85118100 26017267 22767462 65164918 62350638 X BELHAVEN UNIVERSITY PREPARES STUDENTS ACADEMICALLY AND SPIRITUALLY TO SERVE JESUS CHRIST IN THEIR CAREERS, IN HUMAN RELATIONSHIPS, AND IN THE WORLD OF IDEAS. false false 42117326 12263040 43645375 BELHAVEN UNIVERSITY IS A CHRISTIAN LIBERAL ARTS UNIVERSITY DEDICATE TO EXCELLENCE IN CHRISTIAN HIGHER EDUCATION. BELHAVEN'S RICH LEGACY WITH A CHRISTIAN CURRICULUM IS CENTERED ON THE BIBLICAL WORLDVIEW. THIS UNIQUE WORLDVIEW CURRICULUM SEAMLESSLY INTERTWINES HISTORY, LITERATURE, ART, MUSIC, AND PHILOSOPHY INTO A CHRONOLOGICAL CORE CURRICULUM FOR ALL INCOMING FRESHMEN AND SOPHOMORES. BELHAVEN HAS RECEIVED NATIONAL RECOGNITION FOR ITS ACADEMIC PROGRAMS AND AFFORDABILITY, AND THE COLLEGE HAS EARNED REGIONAL ACCREDITATION BY THE COMMISSION ON COLLEGES OF THE SOUTHERN ASSOCIATION OF COLLEGES AND SCHOOLS (SACS). BELHAVEN IS NATIONALLY ACCREDITED IN ALL FOUR OF THE ARTS: DANCE, MUSIC, THEATRE, AND VISUAL ART. OFFERING 70 AREAS OF STUDY INCLUDING ACADEMIC MAJORS AND CONCENTRATIONS AND A 12:1 STUDENT TO FACULTY RATIO FOR THE TRADITIONAL UNDERGRADUATE PROGRAM, BELHAVEN PROVIDES A CLOSE-KNIT LEARNING COMMUNITY WHERE STUDENTS SEE THE COLLEGE'S VISION AND MISSION LIVED OUT IN THE LIVES OF FACULTY MEMBERS. ACCREDITED ONLINE DEGREE PROGRAMS ARE ALSO AVAILABLE FOR STUDENTS WHO DESIRE DISTANCE LEARNING WITH A CHRISTIAN CURRICULUM. BELHAVEN HAS AN ENROLLMENT OF APPROXIMATELY 6,000 STUDENTS, INCLUDING APPROXIMATELY 5,500 STUDENTS ENROLLED IN ITS NONTRADITIONAL PROGRAM. 3362775 5029521 AUXILIARY EXPENSES-DORMITORIES, CAFETERIA, VENDING MACHINES, BOOKSTORE AND POST OFFICE. 45480101 true true false false false true false true false true true false false false true false true false true false true false true false true false false false true true false false false true false false false true false false false false false false false false false true 75 0 true 973 true false false false false false true true false false false false false false false false false X 25 23 false false false false false false false true true false false true true true true true true true true false X SHERYL S VITTITOE 6019688779 1500 PEACHTREE STREET JACKSON MS 39202 X Alan Walters - See Sch O Trustee 1.0 0.0 X 0 0 0 Cal Wells - See Sch O PAST CHAIRMAN OF THE BOARD 1.0 0.0 X 0 0 0 CHARLES CANNADA - SEE SCH O VICE CHAIRMAN OF THE BOARD 1.0 0.0 X X 0 0 0 CHARLES DOTY - SEE SCH O TRUSTEE 1.0 0.0 X 0 0 0 DOLPHUS WEARY - SEE SCH O TRUSTEE 1.0 0.0 X 0 0 0 EARL FYKE III - SEE SCH O TRUSTEE 1.0 0.0 X 0 0 0 FORREST BERRY - SEE SCH O TRUSTEE 1.0 0.0 X 0 0 0 GAINES STURDIVANT - SEE SCH O TRUSTEE 1.0 0.0 X 0 0 0 JERRY YOUNG - SEE SCH O TRUSTEE 1.0 0.0 X 0 0 0 JIMMY HOOD - SEE SCH O CHAIRMAN OF THE BOARD 1.0 0.0 X X 0 0 0 KAREN TAYLOR - SEE SCH O TRUSTEE 1.0 0.0 X 0 0 0 LEISHA PICKERING - SEE SCH O TRUSTEE 1.0 0.0 X 0 0 0 LIZA CIRLOT LOOSER - SEE SCH O TRUSTEE 1.0 0.0 X 0 0 0 MARK WINDHAM - SEE SCH O TRUSTEE 1.0 0.0 X 0 0 0 PETER JERNBERG - SEE SCH O TRUSTEE 1.0 0.0 X 0 0 0 RICK WHITLOCK - SEE SCH O TRUSTEE 1.0 0.0 X 0 0 0 SAM LANE - SEE SCH O TRUSTEE 1.0 0.0 X 0 0 0 SCOTT CASTLEMAN - SEE SCH O TRUSTEE 1.0 0.0 X 0 0 0 STEVE EDWARDS - SEE SCH O TRUSTEE 1.0 0.0 X 0 0 0 TRAY HAIRSTON - SEE SCH O TRUSTEE 1.0 0.0 X 0 0 0 VERNE KENNEDY - SEE SCH O TRUSTEE 1.0 0.0 X 0 0 0 VIRGINIA MORRIS - SEE SCH O TRUSTEE 1.0 0.0 X 0 0 0 WA TAYLOR III - SEE SCH O BOARD SECRETARY 1.0 0.0 X X 0 0 0 WAYNE HUSBAND - SEE SCH O TRUSTEE 1.0 0.0 X 0 0 0 WILL VISE - SEE SCH O TRUSTEE 1.0 0.0 X 0 0 0 ROGER PARROTT - SEE SCH O PRESIDENT 40.0 0.0 X 0 0 0 AUDREY KELLEHER - SEE SCH O VP FOR ADULT, GRAD & ONLINE 40.0 0.0 X 0 0 0 BRADFORD M SMITH - SEE SCH O PROVOST 40.0 0.0 X 0 0 0 KEVIN RUSSELL - SEE SCH O VP FOR ENROLLMENT & UNIV MKTG 40.0 0.0 X 0 0 0 SCOTT LITTLE - SEE SCH O VP & DIRECTOR OF ATHLETICS 40.0 0.0 X 0 0 0 JEFFREY L RICKELS - SEE SCH O VP FOR UNIVERSITY ADVANCEMENT 40.0 0.0 X 0 0 0 SHELLEY SMITH - SEE SCH O VP 40.0 0.0 X 0 0 0 SHERYL VITTITOE - SEE SCH O CFO START:8/21 40.0 0.0 X 0 0 0 DAVID TARRANT - SEE SCH O CFO END: 10/21 40.0 0.0 X 0 0 0 ERIC HARTER - SEE SCH O PROFESSOR 40.0 0.0 X 0 0 0 SAMUEL BLAINE MCCORKLE - SEE SCH O HEAD COACH 40.0 0.0 X 0 0 0 RICK UPCHURCH - SEE SCH O AVP 40.0 0.0 X 0 0 0 DAVID POTVIN - SEE SCH O AVP 40.0 0.0 X 0 0 0 STEPHANIE STEELMAN - SEE SCH O AVP 40.0 0.0 X 0 0 0 0 0 0 15 false true false 0 21605 7669341 1419244 0 9110190 Tuition & Fees 611310 43566373 43566373 Auxiliary Enterprises 611710 299056 299056 Housing Revenue 721310 4672038 4672038 48537467 572470 572470 0 0 96036 96036 0 96036 96036 18563887 28000 18905239 -341352 28000 -313352 -313352 12625 21605 13740 -1115 -1115 0 0 0 49912 29683 20229 20229 Miscellaneous Revenues 900099 38198 38198 RECOVERY OF BAD DEBT 900099 79002 79002 CAMP MEALS 722320 28200 28200 145400 58167325 48674896 28200 354039 0 11997186 11997186 265854 265854 0 1625132 515296 957636 152200 0 19621927 14455227 1439858 3726842 864942 638459 63652 162831 1800247 1344003 113547 342697 1467451 1040374 158004 269073 0 30856 30856 100986 100986 0 0 14455 14455 3572126 2672433 799977 99716 2214321 1972937 241384 1519159 757259 758381 3519 0 0 2590200 797724 1792476 796253 663624 127966 4663 0 274937 257385 15044 2508 799713 781673 18040 0 2637105 2067279 50520 519306 485017 380214 9292 95511 Departmental Expenses 4186069 4082613 88287 15169 RECRUITING EXPENSES 183721 183721 Repairs and Maintenance 1240180 43019 1197161 Dues and Subscriptions 574710 440568 123189 10953 166339 123253 35385 7701 59028886 45480101 8118056 5430729 2171919 3527609 11564988 3585940 318778 662144 2893352 1727441 26000 13000 0 0 0 0 0 0 116783 460204 104707628 46807775 51575499 57899853 22404748 17172966 58850 58850 0 0 0 0 51268 10093 91182185 85118100 3924400 2263635 0 0 3513311 4287953 0 0 0 0 0 0 17313988 15942003 0 0 1265568 273871 26017267 22767462 X 41625119 40396224 23539799 21954414 65164918 62350638 91182185 85118100 X -861561 -2850040 897321 X false true X true true true X 2136600 4111536 7904650 25231431 9110190 48494407 0 0 2136600 4111536 7904650 25231431 9110190 48494407 20524968 27969439 618250 416505 381180 281276 668506 2365717 0 191572 403384 59574 83264 0 737794 51597918 276539582 0.54207 0.45990 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1 9053577 -3985291 4643583 true true 152000 X X DISPLAYED IN UNIV LIBRARY false 7335803 72652 -790056 66047 6552352 5763768 338222 1442367 172753 35801 7335803 6127800 150622 -136461 344840 4 33349 5763768 5526597 224217 317521 294985 -382434 27984 6127800 5441893 99459 303547 273000 16459 28843 5526597 0.70000 0.30000 false false 2478976 2478976 70208016 28291780 41916236 11892 11892 0 24858712 18167050 6691662 7150032 337053 6812979 57899853 0 Interest Rate Swap 112399 Funds held for others 25116 Annuities Payable 65333 Deferred Lease Liability 13129 Security Deposits 57894 273871 43902247 -2850040 -11365719 -14215759 58118006 49319 49319 58167325 46716527 29683 29683 46686844 12342042 12342042 59028886 SCHEDULE D, PART III, LINE 4 COLLECTIONS OF ART: THE UNIVERSITY'S WARREN A. HOOD LIBRARY ON THE UNIVERSITY'S CAMPUS, PERMANENTLY DISPLAYS A BOEHM PORCELAIN BIRD COLLECTION. ALSO ON DISPLAY THROUGHOUT THE BUILDING ARE NUMEROUS PIECES FROM THE BELHAVEN PERMANENT ART COLLECTION. SCHEDULE D, PART V, LINE 4 ENDOWMENT FUNDS: BELHAVEN UNIVERSITY'S ENDOWMENT FUNDS ARE MADE UP OF ENDOWED SCHOLARSHIPS. ENDOWED SCHOLARSHIPS ARE ESTABLISHED AND NAMED BY INDIVIDUAL DONORS WISHING TO PROVIDE PERPETUAL ASSISTANCE TO BELHAVEN STUDENTS. SCHOLARSHIPS ARE AWARDED BY THE OFFICE OF STUDENT FINANCIAL PLANNING IN ACCORDANCE WITH THE CRITERIA ESTABLISHED BY THE DONOR. ENDOWED SCHOLARSHIPS ARE DESIGNED TO PRESERVE AND GROW THE ORIGINAL PRINCIPAL BY PAYING OUT MINIMAL SCHOLARSHIP AMOUNTS EACH ACADEMIC YEAR AND ACCUMULATING ANY EXCESS EARNINGS. SCHEDULE D, PART XI, LINE 2D RECONCILIATION OF REVENUE PER AUDITED FINANCIAL STATEMENTS WITH RETURN: SCHOLARSHIPS & FINANCIAL AID $(12,263,040) GAIN ON INTEREST RATE SWAP 897,321 ---------------- TOTAL $(11,365,719) SCHEDULE D, PART XI LINE 4B RECONCILIATION OF REVENUE PER AUDITED FINANCIAL STATEMENTS WITH RETURN: Recovery of Bad Debt 79,002 COST OF GOODS SOLD $(29,683) ----------- Total $ 49,319 SCHEDULE D, PART XII LINE 2D RECONCILIATION OF EXPENSES PER AUDITED FINANCIAL STATEMENTS WITH RETURN: COST OF GOODS SOLD $29,683 SCHEDULE D, PART XII LINE 4B RECONCILIATION OF EXPENSES PER AUDITED FINANCIAL STATEMENTS WITH RETURN: SCHOLARSHIPS & FINANCIAL AID $12,263,040 Recovery of Bad Debt 79,002 ------------- Total $12,342,042 true true true true true true true false false false false false false false false true false true SCHEDULE E, PART I, LINE 3 COMMUNICATION OF NONDISCRIMINATORY POLICY: THE NONDISCRIMINATORY POLICY IS STATED IN ALL BROCHURES, CATALOGS, ETC. THAT ARE DISTRIBUTED TO STUDENTS, PROSPECTIVE STUDENTS, AND OTHERS. THE POLICY STATES,BELHAVEN UNIVERSITY DOES NOT DISCRIMINATE IN THE ADMINISTRATION OF ITS EDUCATION POLICIES, APPLICATIONS FOR ADMISSION, OR SCHOLARSHIP AND LOAN PROGRAMS. THE RIGHTS, PRIVILEGES, PROGRAMS, AND ACTIVITIES OF BELHAVEN UNIVERSITY ARE MADE AVAILABLE TO ALL STUDENTS WHO ARE ENROLLED REGARDLESS OF SEX, RELIGION, COLOR, NATIONAL ORIGIN, HANDICAP, OR AGE. THIS POLICY CAN BE FOUND AT WWW.BELHAVEN.EDU. SCHEDULE E, PART I, LINE 6A FINANCIAL AID FROM A GOVERNMENTAL AGENCY: BELHAVEN RECEIVED FINANCIAL AID FROM THE US DEPARTMENT OF EDUCATION AND THE EDUCATION STABILIZATION FUND. EXPENDITURES OF FEDERAL AWARDS FOR THE YEAR ENDED JUNE 30, 2022 WERE $39,126,636 true East Asia and the Pacific 0 0 Program Services grants 115920 Europe (Including Iceland and Greenland) 0 0 Program Services grants 149934 0 0 0 0 265854 265854 Scholarships & Grants East Asia and the Pacific 4 115920 TUITION SCHOLARSHIPS & GRANTS Europe (Including Iceland and Greenland) 4 149934 TUITION false false false false false false SCHEDULE F, PART I, LINE 2 PROCEDURE TO MONITOR THE USE OF GRANT FUNDS OUTSIDE OF THE US: THE UNIVERSITY MAINTAINS STUDENT FINANCIAL AID RECORDS AND FOLLOWS APPROPRIATE SELECTION CRITERIA FOR ALL GRANTS AND ASSISTANCE AWARDED TO STUDENTS. THE UNIVERSITY HAS AN ACCOUNTING SYSTEM THAT TRACKS GRANT FUNDS EXPENDITURE BY ACCOUNT NUMBER. THE UNIVERSITY HAS AN ANNUAL COMPLIANCE AUDIT CONDUCTED IN ACCORDANCE WITH OMB CIRCULAR A-133 EACH YEAR. FOR THE YEAR ENDED 6/30/2022, THE AUDIT REPORTED THAT THE UNIVERSITY COMPLIED, IN ALL MATERIAL RESPECTS, WITH THE COMPLIANCE REQUIREMENTS OF ITS MAJOR FEDERAL PROGRAMS. Ruffalocody Telemarket Svc Agr false GOLF EVENT 34230 21605 12625 1200 1286 10500 754 0 34230 21605 12625 1200 1286 10500 754 13740 -1115 true SCHOLARSHIPS & GRANTS 3705 11997186 SCHEDULE I, PART I, LINE 2 PROCEDURE TO MONITOR THE USE OF GRANT FUNDS IN THE US: THE UNIVERSITY MAINTAINS STUDENT FINANCIAL AID RECORDS AND FOLLOWS APPROPRIATE SELECTION CRITERIA FOR ALL GRANTS AND ASSISTANCE AWARDED TO STUDENTS. THE UNIVERSITY HAS AN ANNUAL COMPLIANCE AUDIT CONDUCTED IN ACCORDANCE WITH OMB CIRCULAR A-133 EACH YEAR. FOR THE YEAR ENDED 6/30/2022, THE AUDIT REPORTED THAT THE UNIVERSITY COMPLIED, IN ALL MATERIAL RESPECTS, WITH THE COMPLIANCE REQUIREMENTS OF ITS MAJOR FEDERAL PROGRAMS. X true true X X X false false false false false false false false false See Schedule O 0 0 0 0 0 0 0 0 0 0 0 0 0 0 SCHEDULE J, PART I, LINE 1A EMPLOYEE BENEFITS: THE PRESIDENT, DR. ROGER PARROTT, RECEIVES A NON-TAXABLE HOUSING ALLOWANCE OF $79,000 AS AN ORDAINED MINISTER. SCHEDULE J, PART II COMPENSATION TABLE: COMPENSATION INFORMATION REQUIRED IN FORM 990, PART VII, SECTION A AND SCHEDULE J, PART II IS PROVIDED IN A TABLE ATTACHED TO THE TAX RETURN DOCUMENT FOLLOWING SCHEDULE R. THE TABLES WITHIN THE RETURN ARE POPULATED WITH ZERO BECAUSE OF THE ELECTRONIC FILING REQUIREMENT, AND THE CORRECT AMOUNTS ARE INCLUDED IN THE ATTACHMENT. DR ROGER PARROTT OFFICER HOUSING LOAN X 245000 13000 false true true 13000 See Part V See Part V 1354000 Dining Services false Schedule L, Part IV, Line 1 BUSINESS TRANSACTIONS INVOLVING INTERESTED PERSONS: MMI Dining Systems, LLC- Board members, Gaines P. Sturdivant and Cal Wells, are greater than 35% owners of MMI Dining Systemes, LLC. MMI Dining Systems, LLC was also a substantial contributor to the University during the year. FORM 990, PART VI, SECTION B, LINE 11B PROCESS TO REVIEW FORM 990: A COPY OF FORM 990 IS SENT VIA EMAIL TO ALL BOARD MEMBERS. THE 990 IS REVIEWED INTERNALLY BY THE CONTROLLER AND THE CFO. FORM 990, PART VI, SECTION B, LINE 12C PROCESS FOR MONITORING COMPLIANCE WITH CONFLICT OF INTEREST POLICY: THE ORGANIZATION REGULARLY AND CONSISTENTLY MONITORS AND ENFORCES ITS CONFLICT OF INTEREST POLICY BY REQUIRING ALL TRUSTEES AND OFFICERS TO COMPLETE AN ANNUAL CONFLICT OF INTEREST DISCLOSURE QUESTIONNAIRE. THE QUESTIONNAIRE IS REVIEWED BY THE EXECUTIVE COMMITTEE AND THE PRESIDENT. IF A CONFLICT ARISES THE INTERESTED MEMBER IS REQUIRED TO DISCLOSE THE CONFLICT/POTENTIAL CONFLICT. FURTHERMORE, THE INTERESTED MEMBER IS PROHIBITED FROM VOTING ON ANY MATTERS RELATED TO THE CONFLICT/POTENTIAL CONFLICT. FORM 990, PART VI, SECTION B, LINE 15A & 15B REVIEW OF CEO OR TOP MANAGEMENT OFFICIAL COMPENSATION: THE COMPENSATION OF THE PRESIDENT IS REVIEWED AND APPROVED BY THE EXECUTIVE COMMITTEE. THE PRESIDENT REVIEWS AND APPROVES COMPENSATION OF TOP MANAGEMENT AND OTHER EMPLOYEES. THE ANNUAL CCC COMPENSATION SURVEY IS REVIEWED BY THE HUMAN RESOURCES DIRECTOR AND THE PRESIDENT TO ENSURE COMPENSATION LEVELS ARE APPROPRIATE. THE REVIEWS ARE DOCUMENTED IN EMAIL TRANSMITTALS WITH BOARD MEMBERS. THE LAST REVIEW WAS COMPLETED IN OCTOBER OF 2022. THE PRESIDENT, CFO, AND DIRECTOR OF HR REVIEW COMPENSATION OF KEY EMPLOYEES. THE LAST REVIEW WAS DECEMBER 2022. FORM 990, PART VI, SECTION C, LINE 19 AVAILABILITY OF DOCUMENTS: THE ORGANIZATION'S FORM 990, GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE FOR PUBLIC INSPECTION UPON REQUEST. FORM 990, PART XI, LINE 9 OTHER CHANGES IN NET ASSETS: GAIN ON INTEREST RATE SWAP $897,321 FORM 990, PART VI, SECTION A, LINE 1A DELEGATION OF AUTHORITY: There is an Executive Committee of the Board that includes the following positions: Board Chair, Former Board Chair, Vice Chair, Secretary, and Board Committee Chairs (Board Committees: Academic Affairs, Business Affairs & Campus Operations, and Student Affairs & Athletics) The Executive Committee holds full power and authority to act on behalf of the Board to adopt, approve, and authorize any and all actions and matters on behalf of the Board of Trustees. This Committee has all authority over the care and direction of all matters pertaining to the welfare of the University including without limitation, operational, academic, legal, financial and personnel matters and will discharge such additional duties as the Board may assign to it from time to time. FORM 990, PART VII, SECTION A & SCHEDULE J, PART II COMPENSATION TABLE: COMPENSATION INFORMATION REQUIRED IN FORM 990, PART VII, SECTION A AND SCHEDULE J, PART II IS PROVIDED IN A TABLE ATTACHED TO THE TAX RETURN DOCUMENT FOLLOWING SCHEDULE R. THE TABLES WITHIN THE RETURN ARE POPULATED WITH ZERO BECAUSE OF THE ELECTRONIC FILING REQUIREMENT, AND THE CORRECT AMOUNTS ARE INCLUDED IN THE ATTACHMENT.