2024-04-04T14:30:21+00:00 2023-05-31 350921680 CROWE LLP 225 West Wacker Drive Suite 2600 Chicago IL 606061224 990 2022-06-01 350868181 Taylor University TAYL 7659984634 1846 S Main Street Upland IN 46989 Stephen Olson VP of Business and Finance / CFO 2024-04-04 true Stephen Olson 999009999 Jennifer Burke P01342224 3128997000 2022 2023-04-26 12:10:37Z D Michael Lindsay 1846 S Main Street Upland IN 46989 157010475 false X www.Taylor.edu X 1846 IN Develop servant-leaders marked with a passion to minister Christ's redemptive love, grace, and truth to a world in need. 22 21 1768 138 18010 10361 28668284 36406640 82959452 88485078 10477285 5348907 146588 145197 122251609 130385822 33141853 37089917 0 36589123 38449335 0 4669903 32145306 33094862 101876282 108634114 20375327 21751708 297240119 374926952 44370332 45569979 252869787 329356973 The mission of Taylor University is to develop servant-leaders marked with a passion to minister Christ's redemptive love, grace, and truth to a world in need. false false 92613140 37089917 88485078 In order to advance our mission, Taylor University is committed to the following purposes: -Whole Person Focused: We involve 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. -Biblically Anchored: We believe that all truth has its source in God and His Word. We are committed individually and collectively to the prayerful study and application of Scripture. -Liberal Arts Grounded: We prepare students to adapt to a fast-changing world, equipped with critical thinking skills, a lifelong love of learning, and an appreciation for God's creation. -Christ-Centered: Our Christian faith should permeate all learning-leading to a consistent life of worship, servant-leadership, stewardship, and world outreach. -Faith and Learning Integrated: We strive to create specific experiences where the integrative focus of a Christian liberal arts education is clarified, personalized, and applied. -World Engaging: We 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. -Servant-Leader Motivated: We foster a biblical model of relationships acknowledging both unity and diversity of the followers of Christ within a covenant community, which can be evidenced in a continuing lifestyle of service to and concern for others. At 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 3.76 and an ACT of 26. 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 highest levels in the various college and university rankings. Taylor University tied for the ranking of #3 in the category Best Regional Colleges-Midwest from U.S. News & World Report and Taylor has remained in the top 3 in this ranking for the past 27 years. U.S. News & World Report also ranked Taylor #8 in Best Value Schools for Regional Colleges-Midwest. Taylor was also highly ranked by The Princeton Review and Forbes. Each of the publications measured criteria that cited the academic excellence of Taylor's faculty and students, (current retention 91%, graduation rate 78%), the percentage of students studying abroad, and the investment made by alumni. 92613140 true true false false true true true false true true false false true true true false true true true true false false false false false false false true true true false false false false false false true false true false true true false false true true true true false false true X 3686 0 true 1768 true false true EI false false false true true true 21 false false false false false false false false X 22 21 true false false false false false false true true false false true true true true true true true true false IN X Bruce Miller 7659984634 1846 S Main Street Upland IN 46989 Chris L Goeglein Chair 6.0 0 X X 0 0 0 Dr D Michael Lindsay President 60.0 8.0 X X 525773 0 73272 Heather Larson Secretary 2.0 0 X X 0 0 0 Manuel Rosado Vice Chair 2.0 1.0 X X 0 0 0 P Eric Turner Treasurer 2.0 1.0 X X 0 0 0 Angela Angelovska-Wilson Trustee 2.0 0 X 0 0 0 Dan Wolgemuth Trustee 2.0 0 X 0 0 0 Erik Hotmire Trustee 2.0 1.0 X 0 0 0 Jeff Jones Trustee beginning December 2022 2.0 0 X 0 0 0 Jill Anschutz Trustee 2.0 0 X 0 0 0 Jonathan Beukelman Trustee 2.0 1.0 X 0 0 0 Karen Thomas Trustee 2.0 0 X 0 0 0 Kathy Stevens Trustee 2.0 0 X 0 0 0 Mark D Taylor Trustee 2.0 0 X 0 0 0 Mark Davis Trustee 2.0 2.0 X 0 0 0 Minda Chow Trustee 2.0 0 X 0 0 0 Nicholas Wallace Trustee 2.0 2.0 X 0 0 0 Rhonda Jeter Trustee 2.0 0 X 0 0 0 Sarah Flick Trustee 2.0 0 X 0 0 0 Shani P Wilfred Trustee 2.0 1.0 X 0 0 0 Stephen L Johnson Trustee 2.0 0 X 0 0 0 Tamara Shaya Hoffmann Trustee 2.0 0 X 0 0 0 Stephen Olson VP Business & Finance / CFO 40.0 12.0 X 156880 0 33212 Holly Whitby VP of Enrollment & Marketing 40.0 0 X 175385 0 28934 Jewerl Maxwell Provost 50.0 0 X 177187 0 31777 Coein (Skip) Trudeau VP of Student Services 50.0 0 X 130810 0 30118 Mike Falder VP for University Advancement 20.0 30.0 X 113094 0 30749 Ron Sutherland Special Assistant to the President 50.0 2.0 X 143843 0 31140 Vance Maloney Faculty Member 50.0 0 X 137418 0 27564 Will Hagen VP for Strategy and Chief of Staff 40.0 0 X 129228 0 27880 1689617 0 314645 16 false true false Parkhurst Dining LLC 285 E Waterfront Dr Homestead PA 15120 FOOD SERVICES 2774923 Creative Dining Services One Royal Park Drive Suite 3 Zeeland MI 49644 Food Services 1605218 Michael Kinder and Sons Inc 5206 Decatur Road Fort Wayne IN 46806 Building Construction 1537152 Simmons Roof Maintenance LLC Old State Rd 3 Munice IN 47303 Roof Construction 680435 Dilling Group Inc 111 E Mildred St Logansport IN 46947 HVAC 616409 27 0 0 0 0 6660919 29745721 606275 36406640 Tuition and fees 900099 68188415 68188415 0 0 Dormitory fees 721310 9185480 9185480 0 0 Food services 900099 7886648 7886648 0 0 Health Center 900099 318380 318380 0 0 Bookstore commissions 451211 150081 150081 0 0 2756074 2756074 0 0 88485078 4374206 0 0 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2529410 1887511 374083 119606980 93013706 3099727 3467450 2382001 1833034 351258 95014590 93677618 2675493 1200563 2401738 1806275 331955 93013706 0.12 0.68 0.2 true false 2717385 2717385 160992962 73468477 87524485 11482974 8067863 3415111 24136725 18621634 5515091 7041205 0 7041205 106213277 Other Assets Unspent bond proceeds and deposits 11878071 Affiliate annuity/trust future remainder 1216263 Due from Related Third Party 23567 Annuity and Trust Assets 6256446 Security Deposits 212400 Leased Assets 140925 19727672 Taylor University Health Plan Trust 1397896 Student Advance Payments and Deposits 991766 Federal Student Loan Advances 358864 Deferred Compensation Liability 15571 Annuity and Trust Obligations 1751202 Due to Related Third Party 1424356 Lease Liability 135272 6074927 X Schedule D, Part II, Line 9 Conservation easements financial reporting 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. Schedule D, Part III, Line 4 Collections of art - description of collections The Leland and LaRita Boren art collection is a collection of American Indians and Western Art and also a Collection of Indiana Fine Art. The collection is comprised of nearly 500 individual pieces of art many of which are the result of the efforts that Leland and LaRita Boren spent from 1971 forward meeting artists, visiting museums and gallerists and collecting the works of art that document the art and culture of the American West. The University plans to display the collection in a manner that is accessible to the public and scholars for viewing, and enjoyment. The collection also has the purpose of complimenting art education at the University. 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. In accordance with the University's capitalization policy, collections of artwork, rare books and other historically significant artifacts are not capitalized or recorded on the consolidated statements of financial position. Schedule D, Part V, Line 4 Intended uses of endowment funds Endowment funds are used to provide scholarships, research grants, facilities maintenance and academic program support as designated by the donors. Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote The Organization has received a determination letter from the Internal Revenue Service indicating it is a tax-exempt organization as provided in Section 501(c)(3) of the Internal Revenue Code and is exempt from federal and state income taxes on income related to its exempt purpose. The Organization files the appropriate tax forms in the U.S. federal jurisdiction and the state of Indiana. The accounting guidance for uncertainty in income taxes prescribes the recognition threshold a tax position is required to meet before being recognized in the financial statements. The guidance also addresses de-recognition, classification, interest and penalties on income taxes, and accounting in interim periods. Management believes there are no material uncertainties in income taxes. 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 Taylor University is in compliance with the Rev. Proc. 2019-22. Nondiscrimination policies are included in all materials available to the public. Schedule E, Part I, Line 6(a) FINANCIAL AID OR ASSISTANCE FROM A GOVERNMENT Taylor University receives assistance and grants from the following federal programs: SEOG, Pell, Federal Direct Loan Programs, Higher Education Emergency Relief Fund, and work study. South America 0 0 Program Services Off-campus Studies 213139 Europe (Including Iceland and Greenland) 0 0 Program Services off-campus studies 97366 Central America and the Caribbean 0 0 Investments 11150000 0 0 0 0 0 0 11460505 0 11460505 true false true true false false Schedule F, Part I, Line 3 Method used to account for expenditures on org's financial statements CENTRAL AMERICA AND THE CARIBBEAN-Accrual; EUROPE (INCLUDING ICELAND AND GREENLAND)-Accrual; SOUTH AMERICA-Accrual true Scholarships & Educational Grants 1805 37089917 0 N/A N/A Schedule I, Part I, Line 2 Procedures for monitoring use of grant funds. Grants to individuals: 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 the 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. X X true true X X X X X false false false false false false false false false Dr D Michael Lindsay President 356548 0 166250 0 2975 0 21997 0 51275 0 599045 0 0 0 Stephen Olson VP Business & Finance / CFO 156520 0 0 0 360 0 9107 0 24105 0 190091 0 0 0 Jewerl Maxwell Provost 168914 0 0 0 8273 0 9706 0 22071 0 208964 0 0 0 Holly Whitby VP of Enrollment & Marketing 175025 0 0 0 360 0 9742 0 19192 0 204319 0 0 0 Vance Maloney Faculty Member 135774 0 0 0 1644 0 4873 0 22691 0 164982 0 0 0 Ron Sutherland Special Assistant to the President 142259 0 0 0 1584 0 8390 0 22749 0 174983 0 0 0 Coein (Skip) Trudeau VP of Student Services 129272 0 0 0 1538 0 7571 0 22547 0 160927 0 0 0 Will Hagen VP for Strategy and Chief of Staff 114095 0 15000 0 133 0 7078 0 20802 0 157108 0 0 0 Schedule J, Part I, Line 1a Housing allowance or residence for personal use 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 employment. The residence is furnished for the convenience of the University and the President regularly uses it to conduct University business. The value provided to President D. Michael Lindsay was $24,000 for tax year 2022. The amounts were nontaxable. Schedule J, Part I, Line 1a Personal services University staff clean the public areas of the President's residence and maintain the residence and its grounds. The value of such services were not treated as taxable compensation to President D. Michael Lindsay for tax year 2022. A Town of Upland Indiana 356001216 915395FF9 2021-08-05 32700890 See statement false false false A 1335000 0 32779671 0 0 0 329218 0 0 15778780 16671673 0 true false true true A false false false false 0.0 false false true A false true false false false false false false true A false Schedule K, Part I, Column (f) Description of purpose In summer of 2021, the University refunded and defeased all remaining Series 2010, 2021, and 2012 bonds using proceeds from the Series 2021 bonds. The University will also fund approximately $15.7 million of projects with bond proceeds, including Construction of a new film and media building, Construction and renovation of the football fieldhouse and arena, Construction and renovation of the business department, and Construction, installation and completion of various campus upgrades and corrective issues. Schedule K, Part II, Line 3 Proceeds The total proceeds reported on Line 3 is different from the amount reported in Part I, Column (e) due to investment income. 72500 Scholarship Financial Assistance Rebecca Lindsay Spouse of Dr. D. Michael Lindsay, President 50684 Employment false Schedule L, Part III scholarships to interested persons Colleges, universities, and primary and secondary schools aren't required to identify interested persons to whom they provided scholarships, fellowships, and similar financial assistance. Accordingly, columns (a) and (b) are left blank. X 2563 Cost X 19 553712 Market value X 5 50000 Market value 30 false true false Schedule M, Part I Explanations of reporting method for number of contributions Books and publications - number of contributions Securities - Publicly traded - number of contributions Real estate - Residential - number of contributions Form 990, Part VI, Line 1a Delegate broad authority to a committee The University's board of directors has delegated broad authority to act on its behalf to the Executive Committee. The Executive Committee shall consist of the Chair of the Board; the Vice Chair of the Board; the Secretary; the Treasurer (who serves as chair of the Business & Finance Committee); the President of the University, the chair of the Investment Committees, the chair of the Audit Committee, and the chair from each of the Strategic Committees; and two members of the Board elected at large. Members-at-large shall be nominated by the Committee on Trustees and shall not serve more than two consecutive terms of one year. The immediate past Chair of the Board shall serve as a member of the Executive Committee for the first year following the expiration of his or her term as Chair of the Board; provided, however, that the former Chair remains a member of the Board of Trustees. The Executive Committee shall 1) Have power to transact all necessary business of the University between meetings of the full Board, including the power to enter into contracts and agreements connected with the ordinary course of business, but it shall not have the power to buy or sell real estate (except real estate received as gifts to fund life income agreements) or to employ or release a President of the University; 2) Under the coordination of the Vice Chair of the Board, serve as a nominating committee for honorary degree candidates; 3) Determine the salary of the President of the University and the President's direct reports. Form 990, Part VI, Line 2 Family/business relationships amongst interested persons Officers of Taylor University are also officers of 1846 Real Estate - Kershner Commons, LLC, a related organization. - Business relationship Form 990, Part VI, Line 11b Review of form 990 by governing body The University's board of directors has delegated authority for the formal 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. A copy of the Form 990 is provided to the organization's governing body before it is filed with the IRS. Form 990, Part VI, Line 12c Conflict of interest policy 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 chairperson. 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, Line 15a Process to establish compensation of top management official 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 the 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. The process occurred in August 2022. Form 990, Part VI, Line 15b Process to establish compensation of other employees The University has adopted an Executive Compensation and Intermediate Sanctions Policy that ensures that the compensation arrangement with the President is evaluated and entered at arms' length and that any compensation that is paid to the President 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 the 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 other officers and key employees, 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. The process occurred in 2022. Form 990, Part VI, Line 19 Required documents available to the public The organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request, either as printed or an electronic copy for the same period of disclosure as set forth in IRC section 6104(d). Form 990, Part VIII, Line 2f Other Program Service Revenue All Other Program Service Revenue - Total Revenue: 2756074, Related or Exempt Function Revenue: 2756074, Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: ; Form 990, Part XI, Line 9 Other changes in net assets or fund balances Change in Fair Value of Split-Interest Agreements - 286722; Taylor Angel Fund LLC 236 West Read Ave Upland IN 46989 New business/research endeavors IN 0 0 Taylor University 1846 Real Estate 1809 Main Street LLC 236 WEST READ AVE UPLAND IN 46989 Real estate IN 163838 1975842 Taylor University Taylor University Foundation Inc 236 W Reade Avenue Upland IN 46989 356047122 Support Taylor University IN 501(c)(3) Type I Taylor University true Taylor University Broadcasting Inc 1025 W Rudisill Boulevard Fort Wayne IN 46807 351975367 Christian Broadcasting IN 501(c)(3) 7 Taylor University true 1846 Enterprises Inc 236 W Reade Avenue Upland IN 46989 833307764 Support Taylor University DE 501(c)(3) Type I Taylor University true TUCC Inc 236 W Reade Avenue Upland IN 46989 841943979 Support Taylor University DE 501(c)(3) Type I Taylor University true TUSO 15 Center Meeting Road Wilmington DE 19807 841953499 Support Taylor University DE 501(c)(3) Type I TUCC Inc true Charitable Remainder Trusts (1) Charitable Trusts CA Taylor University Trust true Charitable Remainder Trusts (10) Charitable Trusts IN Taylor University Trust true Charitable Remainder Trusts (1) Charitable Trusts MI Taylor University Trust true Charitable Remainder Trusts (1) Charitable Trusts MO Taylor University Trust true Charitable Remainder Trusts (1) Charitable Trusts OH Taylor University Trust true Pooled Income Funds (2) Pooled Income Fund DE Taylor University Trust true 1846 Real Estate Kershner Commons LLC 236 West Reade Avenue Upland IN 46989 320166204 Real estate IN 1846 Enterprises Inc C Corporation false false false false false false false false false false false false false false true true true false false false Taylor University Broadcasting Inc P 556023 Actual Taylor University Foundation Inc O 64000 Per Agreement