2024-04-22T10:20:48-05:00 2023-06-30 BDO USA 421 Fayetteville Street Suite 300 Raleigh NC 27601 990 2022-07-01 540646523 Southern Virginia University % TYSON COOPER SOUT 5402618453 ONE UNIVERSITY HILL DRIVE BUENA VISTA VA 24416 TYSON COOPER CFO 5402618463 2024-04-19 true TYSON COOPER 999009999 SANDRA L FEINSMITH P01064157 9192781936 2024-04-16 2 2022 2023-04-26 12:10:37Z TYSON COOPER ONE UNIVERSITY HILL DRIVE BUENA VISTA VA 24416 39858674 false X WWW.SVU.EDU X 1867 VA TO PROVIDE A COMPREHENSIVE FOUR-YEAR LIBERAL ARTS EDUCATION. 21 20 759 21 486 0 14215921 11680816 22795046 24110220 -271205 1355212 1107027 85621 37846789 37231869 5844052 5157034 0 0 16551972 15850945 0 0 1509267 13455432 14437732 35851456 35445711 1995333 1786158 40440484 40579958 19138486 17594988 21301998 22984970 X WE ARE A PRIVATE, SELF-RELIANT, RESIDENTIAL UNIVERSITY ALIGNED WITH THE CHURCH OF JESUS CHRIST OF LATTER-DAY SAINTS AND ITS PRINCIPLES AND VALUES. OUR MISSION IS TO GATHER FAITHFUL LATTER-DAY SAINTS AND LIKE-MINDED STUDENTS, LIFT THEM IN INTELLECT, CHARACTER, AND SPIRITUALITY, AND LAUNCH THEM INTO SUCCESSFUL LIVES AND CAREERS. false false 31671500 5157034 24195841 SOUTHERN VIRGINIA UNIVERSITY IS A PRIVATE, NON-PROFIT, RESIDENTIAL FOUR-YEAR UNIVERSITY WHICH SERVED APPROXIMATELY 1,080 FULL AND 50 PART-TIME STUDENTS PER SEMESTER IN THE ACADEMIC YEAR 2022-2023. DURING THE 2022-23 ACADEMIC YEAR 211 STUDENTS GRADUATED WITH BACHELORS DEGREES. 31671500 true true false true false false false false false true true false false false true true true false true false false false false false false false false false true true false false false true true false true false true false false false false false false false false true 1314 0 true 759 true true true false false false false true true false false false false false false X 21 20 false false false false false false false true true false false false true true true true true true false false VA X TYSON COOPER 5402618463 ONE UNIVERSITY HILL DRIVE BUENA VISTA VA 24416 X REED WILCOX UNIVERSITY PRESIDENT 40.0 0.0 X X 204615 0 46753 BRETT GARCIA EVP & CHIEF DEV. OFFICER 40.0 0.0 X 143765 0 42490 JAMES LAMBERT EVP OF ACADEMICS 40.0 0.0 X 123179 0 37568 CHRISTOPHER PENDLETON EVP, CM & ENROLLMENT OFFICER 40.0 0.0 X 136316 0 16147 JONATHAN WALLIN EVP, CIO & Board Recorder 40.0 0.0 X 109954 0 33437 TYSON COOPER CFO 40.0 0.0 X 101406 0 36395 EDWIN MULITALO HEAD FOOTBALL COACH 40.0 0.0 X 106778 0 29008 L HUGH REDD CHAIRMAN 5.0 0.0 X 0 0 0 ANN CHRISTENSEN VICE CHAIRMAN 1.0 0.0 X 0 0 0 AHMAD S CORBITT TRUSTEE 1.0 0.0 X 0 0 0 JEFFREY S COTTON TRUSTEE 1.0 0.0 X 0 0 0 ERIC DENNA TRUSTEE 1.0 0.0 X 0 0 0 AARON ELTON TRUSTEE 1.0 0.0 X 0 0 0 MARK FUCHS TRUSTEE 1.0 0.0 X 0 0 0 DEBRA LARSEN HUBER TRUSTEE 1.0 0.0 X 0 0 0 ANNE MARIE JOHNSON TRUSTEE 1.0 0.0 X 0 0 0 WENDY KIMBER TRUSTEE 1.0 0.0 X 0 0 0 NELSON KNIGHT TRUSTEE 1.0 0.0 X 0 0 0 JOHN LAVITER TRUSTEE 1.0 0.0 X 0 0 0 BIANCA LISONBEE TRUSTEE 1.0 0.0 X 0 0 0 SCOTT MCKEON TRUSTEE 1.0 0.0 X 0 0 0 ALAN OLSEN TRUSTEE 1.0 0.0 X 0 0 0 BRUCE L OLSEN TRUSTEE 1.0 0.0 X 0 0 0 GREG SCOTT TRUSTEE 1.0 0.0 X 0 0 0 STANFORD D STODDARD TRUSTEE 1.0 0.0 X 0 0 0 JOHN WHEATLEY TRUSTEE 1.0 0.0 X 0 0 0 LAURA WHITELY TRUSTEE 1.0 0.0 X 0 0 0 JAMES E SKEEN CORPORATE SECRETARY 1.0 0.0 X 0 0 0 926013 0 241798 9 false true false NATIONAL MANAGEMENT RESOURCE CORPOR PO BOX 1224 LAGRANGE GA 30241 FacilitY Maintenance 1005999 SODEXO AND AFFILIATES INC 9801 WASHINGTONIAN BOULEVARD GAITHERSBURG MD 20878 Dining Services 492961 US FOODSERVICES INC-ROANOKE DIVISI PO BOX 602215 CHARLOTTE NC 28260 Food and Supplies 347137 JENZABAR INC PO BOX 845588 BOSTON MA 02284 Software Services 284694 SYNERGY CAMPUS SECURITY SERVICES L PO BOX 1224 LAGRANGE GA 30241 Campus Security Serv 247880 11 23482 11657334 2068601 11680816 TUITION & FEES 611600 18887776 18887776 HOUSING & AUX ENTERP. 611600 4843444 4843444 SPECIAL PROGRAMS 611600 379000 379000 24110220 409074 486 408588 0 0 0 0 0 2317943 1255000 2378548 248257 -60605 1006743 946138 946138 0 0 0 0 0 0 0 0 0 FEDERAL WORK STUDY 611600 48048 48048 LIBRARY INCOME 611600 1185 1185 MISCELLANEOUS 611600 34066 34066 2322 2322 85621 37231869 24195841 486 1354726 X 0 5157034 5157034 0 0 926012 424666 231860 269486 0 11523551 10168354 651225 703972 393670 326857 27940 38873 2157688 1858011 157128 142549 850024 716303 60213 73508 0 78882 72571 6311 151393 139282 12111 1674 1674 0 12647 12647 3728777 3392905 295036 40836 344650 276502 24044 44104 1010007 915795 76823 17389 655989 591766 51458 12765 0 803048 737115 61810 4123 456817 317751 27631 111435 0 67161 60757 5283 1121 817246 751866 65380 0 2957328 2720742 236586 382013 351452 30561 STUDENT ACTIVITIES 800486 733714 63801 2971 FOOD SERVICE COST OF SALES 391779 349304 30374 12101 MERCHANT FEES/BANK CHARGES 264023 242901 21122 0 MEMBERSHIPS 188713 172708 15164 841 1325099 1191470 100436 33193 35445711 31671500 2264944 1509267 5396 5138 3781498 6418150 5815813 1779738 0 0 0 0 0 0 782012 696516 0 0 471268 523883 57115464 27938757 27560042 29176707 1340377 1316957 90000 90000 0 0 389708 0 204370 572869 40440484 40579958 2910087 1760360 0 0 431115 1913114 0 0 0 0 0 3495157 11652853 6503372 1590124 1009881 2554307 2913104 19138486 17594988 X 15451992 17096346 5850006 5888624 21301998 22984970 40440484 40579958 1786158 -103186 X X false true X true true true X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false false false false false false true 1674 false false 1674 false SCHEDULE C, PART II-B, LINE 1G: THE UNIVERSITY PAID MEMBERSHIP DUES TO THE COUNCIL OF INDEPENDENT COLLEGES IN VIRGINIA WHO MAY ENGAGE IN LOBBYING ACTIVITIES. THEREFORE, A PORTION OF THE DUES MAY BE ATTRIBUTABLE TO LOBBYING ACTIVITIES. THE UNIVERSITY'S PORTION OF DUES ATTRIBUTABLE TO LOBBYING ACTIVITIES TOTALED $1,674. 1665439 10084 21119 -12187 0 12647 1696182 1940469 7584 -304639 27250 0 -49275 1665439 1311297 270483 401637 12250 20923 9775 1940469 1259887 99642 -1420 0 0 46613 1311496 1450211 416 -10740 0 180000 0 1259887 0.42000 0.58000 0.00000 false false 1344903 1344903 33997575 14091763 19905812 4980210 3153048 1827162 14820428 10509996 4310432 1972348 183950 1788398 29176707 0 OBLIGATION UNDER CAPITAL LEASE 2825120 DEPOSIT 84858 ANNUITY PAYABLE 3126 2913104 X 31959002 -103186 -103186 32062188 12647 5157034 5169681 37231869 30276030 30276030 12647 5157034 5169681 35445711 PART V, LINE 4: SOUTHERN VIRGINIA UNIVERSITY'S ENDOWMENT CONSISTS OF INDIVIDUAL STOCKS AND EXCHANGE-TRADED PRODUCTS ACROSS A VARIETY OF SECTORS AND INDUSTRIES. THE PRIMARY PURPOSE OF THE ENDOWMENT IS TO SUPPORT STUDENT SCHOLARSHIPS. PART X, LINE 2: THE UNIVERSITY HAS A TAX DETERMINATION LETTER FROM THE INTERNAL REVENUE SERVICE THAT STATES IT QUALIFIES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE ("IRC") OF 1986, AS AMENDED, AND IS EXEMPT FROM FEDERAL INCOME TAXES. ACCORDINGLY, NO PROVISION FOR INCOME TAXES HAS BEEN MADE IN THE ACCOMPANYING FINANCIAL STATEMENTS. MANAGEMENT HAS EVALUATED THE UNIVERSITY'S TAX POSITIONS AND HAS CONCLUDED THAT THE UNIVERSITY HAS TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT TO THE FINANCIAL STATEMENTS TO COMPLY WITH THE PROVISIONS OF THIS IRC GUIDANCE. THE UNIVERSITY FILES TAX RETURNS WITH U.S. FEDERAL AND VIRGINIA TAX AUTHORITIES. PART XI, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIP ALLOWANCES, NETTED WITH TUITION AND FEES 5,157,034. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIP ALLOWANCES, NETTED WITH TUITION AND FEES 5,157,034. true true false true true true true false false false false false false false false true false true PART I, LINE 3 - EXPLANATION OF NONDISCRIMINATION POLICY: SOUTHERN VIRGINIA UNIVERSITY DRAWS A SUBSTANTIAL PERCENTAGE OF ITS STUDENTS FROM AREAS NOT WITHIN ITS IMMEDIATE VICINITY. IT FOLLOWS A RACIALLY NONDISCRIMINATORY POLICY AS TO STUDENTS. THEREFORE, IT IS NOT REQUIRED TO PUBLISH ITS RACIALLY NONDISCRIMINATORY POLICY THROUGH THE NEWSPAPER OR THE BROADCAST MEDIA. AS REQUIRED BY REVENUE PROCEDURE 75-50, SOUTHERN VIRGINIA UNIVERSITY INCLUDES A STATEMENT OF ITS RACIALLY NONDISCRIMINATORY POLICY IN ALL OF ITS BROCHURES AND CATALOGUES DEALING WITH STUDENT ADMISSIONS, SOLICITATION, PROGRAMS AND SCHOLARSHIPS. PART I, LINE 6 - EXPLANATION OF GOVERNMENT FINANCIAL AID: THE UNIVERSITY RECEIVED FUNDS FROM THE FOLLOWING US DEPARTMENT OF EDUCATION DIRECT PROGRAMS: US DEPARTMENT OF EDUCATION DIRECT LOAN PROGRAM, FEDERAL PELL GRANT PROGRAM, FEDERAL WORK STUDY, AND THE FEDERAL SUPPLEMENTAL EDUCATION OPPORTUNITY GRANT PROGRAM. THE UNIVERSITY RECEIVED FUNDS UNDER THE FOLLOWING COMMONWEALTH OF VIRGINIA PROGRAM: VIRGINIA TUITION ASSISTANCE GRANT. true ACADEMIC SCHOLARSHIPS 966 1839147 NEED BASED SCHOLARSHIPS 571 1320344 MERIT/TALENT SCHOLARSHIPS 407 689593 RETURNED MISSIONARY SCHOLARSHIPS 469 677367 OTHER SCHOLARSHIPS 133 630583 PART I, LINE 2: A SIGNIFICANT PORTION OF INSTITUTIONAL AID AWARDED TO STUDENTS IS BASED ON ACADEMIC MERIT, FOR WHICH THE UNIVERSITY HAS A PREDETERMINED GRID THAT PROVIDES THE AMOUNTS TO BE AWARDED BASED ON THE STUDENT'S ACTUAL GPA AND TEST SCORES AND, AS NEEDED, EVALUATION BY THE UNIVERSITY'S SCHOLARSHIP COMMITTEE. OTHER INSTITUTIONAL AID CONSISTS OF RETURNED MISSIONARY SCHOLARSHIPS, TALENT, AND OTHER NEED-BASED GRANTS. RETURNED MISSIONARY SCHOLARSHIPS ARE AWARDED PER YEAR TO ALL FULL-TIME STUDENTS WHO HAVE COMPLETED A MISSION FOR THE CHURCH OF JESUS CHRIST OF LATTER-DAY SAINTS OR SIMILAR SERVICE. TALENT SCHOLARSHIPS ARE AWARDED IN VARIOUS AMOUNTS, TYPICALLY BETWEEN $500 AND $2,000 PER STUDENT, AND ARE AWARDED BASED ON THE NOMINATION OF THE UNIVERSITY FACULTY, ART/THEATRE/MUSIC DIRECTOR, ETC. AND APPROVAL OF THE FINANCIAL AID COMMITTEE. UNIVERSITY NEED BASED GRANTS AND VARIOUS OTHER GRANTS ARE AWARDED AS DETERMINED BY THE FINANCIAL AID DIRECTOR. FEDERAL & STATE GRANTS, INCLUDING PELL, AND SEOG ARE AWARDED TO STUDENTS WHO COMPLETE THE FREE APPLICATION FOR FEDERAL STUDENT AID (FAFSA) AND MEET THE VARIOUS QUALIFICATIONS. FEDERAL AND STATE GRANTS ARE VERIFIED INTERNALLY BY OUR FINANCIAL AID STAFF AS DICTATED BY APPLICABLE REGULATION. X true true X X X false false false false false false false false false REED WILCOX UNIVERSITY PRESIDENT 195410 0 7969 0 1236 0 14085 0 32668 0 251368 0 15929 0 BRETT GARCIA EVP & CHIEF DEV. OFFICER 137700 0 5945 0 120 0 6938 0 35552 0 186255 0 10116 0 CHRISTOPHER PENDLETON EVP, CM & ENROLLMENT OFFICER 130657 0 5565 0 94 0 3952 0 12195 0 152463 0 7118 0 JAMES LAMBERT EVP OF ACADEMICS 116488 0 0 0 6691 0 7192 0 30376 0 160747 0 6090 0 PART I, LINE 1A: THE ORGANIZATION'S PRESIDENT RECEIVED EMPLOYER PROVIDED HOUSING IN THE AMOUNT OF $13,200 DURING 2022. THIS AMOUNT WAS CONSIDERED NONTAXABLE TO THE EMPLOYEE. MARK FUCHS BOARD OF TRUSTEES Working Capital X 500000 500000 false true true L HUGH REDD CHAIRMAN BOARD OF TRUSTEES Working Capital X 500000 500000 false true true STANFORD D STODDARD BOARD OF TRUSTEES Working Capital X 500000 500000 false true true MARK FUCHS BOARD OF TRUSTEES Working Capital X 920000 995157 false true true AARON ELTON BOARD OF TRUSTEES Working Capital X 1000000 1000000 false true true 3495157 Tyson Cooper Chief Financial Officer 2505 Employee Tuition Grant Tuition Grants for family DALLIN WILCOX Son of officer/trustee 83216 Compensation false RACHEL WILCOX Daughter of officer/trustee 48548 Compensation false X 6370 FMV X 1540 FMV X 6 1979691 FMV X LOAN FORGIVE. 1 75000 FMV X Piano 1 6000 Appraisal 0 false true false PART I, COLUMN (B): THE NUMERICAL DATA HERE REPRESENTS THE NUMBER OF CONTRIBUTIONS RECEIVED. FORM 990, PART VI, SECTION B, LINE 11B: THE FINANCE COMMITTEE OF THE BOARD REVIEWS THE FULL RETURN BEFORE FILING. THE FULL BOARD IS FURNISHED A COPY OF THE RETURN, WITHOUT SCHEDULE B TO PRESERVE DONOR CONFIDENTIALITY, PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C: OFFICERS, DIRECTORS AND TRUSTEES ARE REQUIRED, BY POLICY, TO DISCLOSE ANY CONFLICTS OF INTEREST THAT MAY, TO THE BEST OF THEIR KNOWLEDGE, EXIST OR POTENTIALLY EXIST BY VIRTUE OF ANY BUSINESS OF OTHER ARRANGEMENT THEY MAY HAVE WITH THE UNIVERSITY OR OTHER CIRCUMSTANCES, IN WHICH THE UNIVERSITY MAY BENEFIT THEM ECONOMICALLY (OTHER THAN THROUGH THEIR EMPLOYMENT BY THE UNIVERSITY), AND ALL SITUATIONS IN WHICH THEY MAY COMPETE WITH THE UNIVERSITY IN ANY WAY. THE UNIVERSITY DOES MONITOR AND ENFORCE THIS POLICY BY EXPECTING OFFICERS, DIRECTORS, AND TRUSTEES TO REPORT ACCORDINGLY AND PREPARES AN ANNUAL WRITTEN REPORT FORM FOR SUCH REPORTING. THE FORM REQUESTS ALL OFFICERS, DIRECTORS AND TRUSTEES TO PROVIDE INFORMATION ABOUT POTENTIAL CONFLICTS OF INTEREST. THE UNIVERSITY ALSO REQUESTS THAT EACH OFFICER, DIRECTOR AND TRUSTEE SELF REPORT ANY POTENTIAL CONFLICTS OF INTEREST THAT MAY OCCUR DURING THE YEAR. FORM 990, PART VI, SECTION B, LINE 15A: THE CEO/PRESIDENT'S COMPENSATION IS DETERMINED BY THE BOARD. UPON REQUEST, THE BOARD CHAIRMAN IS PROVIDED WITH COMPARABILITY DATA FROM VARIOUS PROFESSIONAL SALARY SURVEYS TO ASSIST IN THAT DETERMINATION. THE COMPENSATION FOR OTHER TOP MANAGEMENT OFFICIALS IS DETERMINED BY THE CEO/PRESIDENT. HE/SHE IS ALSO PROVIDED WITH COMPARABLE SALARY SURVEY DATA FOR THIS PURPOSE, UPON REQUEST. FORM 990, PART VI, SECTION C, LINE 18: DOCUMENTS REQUIRED TO BE AVAILABLE FOR PUBLIC INSPECTION MAY BE OBTAINED UPON REQUEST TO THE UNIVERSITY. THESE DOCUMENTS ARE AVAILABLE FOR THE SAME PERIOD OF DISCLOSURE AS REQUIRED IN SECTION 6104(D). FORM 990, PART VI, SECTION C, LINE 19: GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE NOT AVAILABLE TO THE PUBLIC. FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC THROUGH VARIOUS THIRD PARTY (INCLUDING GOVERNMENT) WEB SITES. FORM 990, PART XII, LINE 2C: THE PROCESS FOR OVERSEEING THE AUDIT OF THE FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT THAT AUDITED THE FINANCIAL STATEMENTS HAS BEEN CONSISTENT WITH PRIOR YEARS. FORM 990 PART IX LINE 11G DESCRIPTION:SODEXO CAMPUS FOOD OPERATIONS TOTAL FEES:2162132 FORM 990 PART IX LINE 11G DESCRIPTION:NATIONAL RESOURCE CAMPUS MAINT TOTAL FEES:1102738 FORM 990 PART IX LINE 11G DESCRIPTION:SYNERGY CAMPUS SECURITY TOTAL FEES:247850 FORM 990 PART IX LINE 11G DESCRIPTION:OTHER PROFESSIONAL FEES TOTAL FEES:216057