2025-11-14T14:02:15-06:00 2025-05-31 332621854 CRI CAPIN CROUSE ADVISORS LLC 345 MASSACHUSETTS AVE STE 300 INDIANAPOLIS IN 46204 990 2024-06-01 850164940 UNIVERSITY OF THE SOUTHWEST UNIV 5753926561 6610 NORTH LOVINGTON HWY 510 HOBBS NM 88240 DR RYAN TIPTON PRESIDENT 5753926561 2025-11-14 1 0 ASHLEY PEABODY P01385870 5055022746 2025-11-14 2024 2025-03-06 01:10:19Z DR RYAN TIPTON 6610 NORTH LOVINGTON HWY 510 HOBBS NM 88240 22735333 0 X WWW.USW.EDU X 1962 NM CHRIST-CENTERED HIGHER EDUCATIONAL COMMUNITY 17 16 158 20 0 0 1263484 1426890 16045593 16886028 39350 3313025 142250 198255 17490677 21824198 4302775 4016687 0 0 6634598 7289533 0 70544 151169 6749682 6975237 17687055 18352001 -196378 3472197 16764341 20479133 1677885 1969465 15086456 18509668 X 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. 0 0 6281276 907904 9687732 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. 5682132 2604157 5719871 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. 1813052 504626 1478425 RESIDENCE HALLS, APARTMENTS, AND STUDENT MEAL PROGRAMS ARE AVAILABLE PRIMARILY FOR UNDERGRADUATE STUDENTS. 13776460 1 1 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 1 1 0 0 0 0 1 1 0 0 1 1 1 0 0 0 0 0 0 1 0 0 0 0 0 0 1 0 0 0 1 1562 0 1 158 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 17 16 1 0 1 0 0 0 1 1 1 0 0 1 1 1 1 1 1 1 1 0 X DR PAULA SMITH 5753926561 6610 N LOVINGTON HWY SUITE 510 HOBBS NM 88240 DR ELAINE SENA CORTEZ BOARD MEMBER / ADJUNCT PROFESSOR 8.00 X 9214 0 0 LEE ROBERSON CHAIR 1.00 1.00 X X 0 0 0 DAVID SHAW VICE-CHAIR 1.00 X X 0 0 0 BRAD CARESS SECRETARY 1.00 X X 0 0 0 KEN BROMLEY BOARD MEMBER 1.00 X 0 0 0 CLIFF BRUNSON BOARD MEMBER 1.00 X 0 0 0 LAURA CASTILLO ESQ BOARD MEMBER 1.00 X 0 0 0 HEATHER EVANS BOARD MEMBER 1.00 X 0 0 0 LEANNE GANDY BOARD MEMBER 1.00 X 0 0 0 DR GEORGE KLEIN BOARD MEMBER 1.00 X 0 0 0 MICHAEL NEWELL ESQ BOARD MEMBER 1.00 X 0 0 0 RICHARD SANCHEZ BOARD MEMBER 1.00 X 0 0 0 CONNIE SEVIER BOARD MEMBER 1.00 X 0 0 0 BOBBY SHAW BOARD MEMBER 1.00 X 0 0 0 BRIAN SNIDER BOARD MEMBER 1.00 X 0 0 0 SAMUEL S SPENCER JR BOARD MEMBER 1.00 1.00 X 0 0 0 LIZABETH WHITE BOARD MEMBER 1.00 X 0 0 0 GARY EIDSON BOARD MEMBER (PART YEAR) 1.00 X 0 0 0 KRISTI GOODWIN BOARD MEMBER (PART YEAR) 1.00 X 0 0 0 JAMES LACKEY BOARD MEMBER (PART YEAR) 1.00 X 0 0 0 DR RYAN TIPTON PRESIDENT 40.00 1.00 X 312715 0 18078 DR PAULA SMITH EVP/CFO/TREASURER 50.00 1.00 X 160152 0 7060 DR BRIANNA LOPEZ CHIEF ACADEMIC OFFICER 40.00 X 209689 0 15513 DR KEISHA TIPTON DEAN/FACULTY 40.00 X 146155 0 19454 STEVE APPEL VICE PRESIDENT 50.00 X 120665 0 12177 DR LAUREN MILAM FACULTY 40.00 X 104520 0 13928 DR STEPHANIE JOHNSON FACULTY 40.00 X 108248 0 3215 DR SANDRA JOHNSON FACULTY 40.00 X 102510 0 104 1273868 0 89529 8 0 1 0 USIM 3415 S SEPULVEDA BLVD LOS ANGELES CA 90034 MEDIA MARKETING 1308194 GREAT WESTERN PO BOX 699 TIPTON MO 65081 FOOD SERVICES 577311 M&M TOURS PO BOX 1349 HOBBS NM 88241 TRANSPORTATION 264422 OPEN AI 1455 3RD ST SAN FRANCISCO CA 94158 TECHNOLOGY SERVICES 184140 4 34395 627262 112622 652611 1426890 TUITION REVENUE 611310 15407603 15407603 ROOM AND BOARD 611310 1478425 1478425 16886028 47697 47697 48932 48932 796659 3353224 715590 168965 81069 3184259 3265328 3265328 8850 34395 26580 -17730 -17730 167053 167053 167053 21824198 16886028 0 3511280 253215 253215 3763472 3763472 754522 234934 519588 259730 236300 23430 5173011 3923421 1198273 51317 34733 31683 3050 636232 465075 164514 6643 431305 310703 116611 3991 28276 28276 47032 47032 70544 70544 1798096 414508 1383588 10231 10231 1129047 952670 170889 5488 881147 597856 283291 398343 378482 19861 577346 553064 24230 52 728212 691801 36411 322000 322000 FOOD SERVICE 576061 576061 REPAIRS AND MAINTENANCE 281615 248300 33315 MEMBERSHIP & DUES 176145 138930 34312 2903 RECRUITMENT 21686 5985 15701 18352001 13776460 4424372 151169 177924 219236 712947 3016593 16025 155801 249213 343302 27270406 12948526 14684101 14321880 750945 2242353 173186 179968 16764341 20479133 1004581 1152603 673304 816862 1677885 1969465 X 14553052 18234960 533404 274708 15086456 18509668 16764341 20479133 X 3472197 -55767 6782 X 0 1 X 1 1 1 X 3132742 3036128 1673630 1263782 1426890 10533172 3132742 3036128 1673630 1263782 1426890 10533172 1561731 8971441 41804 53276 156879 61990 96629 410578 156513 119717 58698 95359 167053 597340 11541090 77456430 0.77730 0.76930 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: OTHER INCOME - 2020 AMOUNT: $ 156,513. 2021 AMOUNT: $ 119,717. 2022 AMOUNT: $ 58,698. 2023 AMOUNT: $ 95,359. 2024 AMOUNT: $ 167,053. SCHEDULE A, PART II: 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. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 16137893 2947388 1981024 128415 1080020 19857870 12753077 1045424 2913948 173784 400772 16137893 12836273 75000 340107 127522 368168 2613 12753077 13596790 58552 -215759 522646 75695 4969 12836273 10399650 801340 2723401 321763 5838 13596790 0.71835 0.28165 0 1 1 1744208 1744208 23273646 11203791 12069855 2106507 1681497 425010 146045 63238 82807 14321880 14801545 -55768 33362 -22406 14823951 7000247 7000247 21824198 14615109 26580 26580 14588529 3763472 3763472 18352001 PART V, LINE 4: 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. PART XI, LINE 2D - OTHER ADJUSTMENTS: EVENT EXPENSES 26,580. CHANGE IN VALUE OF OIL AND GAS RIGHTS 6,782. PART XI, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS NETTED AGAINST REVENUE 3,763,472. NON OPERATING SALE OF LAND 3,236,775. PART XII, LINE 2D - OTHER ADJUSTMENTS: EVENT EXPENSES 26,580. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS NETTED AGAINST REVENUE 3,763,472. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 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 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. X X X X 1 HOUR A THON 10830 SW TUALATIN-SHERWOOD RD SUIT TUALATIN OR 97062 PHONE SOLICITATION CAMPAIGN 0 80161 8016 72145 GRANT PLANT 901 RIO GRANDE BLVD NW STE D-220 ALBUQUERQUE NM 87104 GRANT WRITING 0 0 62528 -62528 80161 70544 9617 NM GALA 43245 34395 8850 1522 12407 3139 9512 43245 34395 8850 1522 12407 3139 9512 26580 -17730 1 UNIVERSITY OF THE SOUTHWEST FOUNDATION 6610 N LOVINGTON HWY SUITE 510 HOBBS NM 88240 237424724 501(C)(3) 253215 0 ENDOWMENT TRANSFER 1 0 TUITION GRANTS/SCHOLARSHIPS 675 3763472 PART I, LINE 2: 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. SCHEDULE I, PART III COLUMN (C) THE NUMBER OF RECIPIENTS IS AN ESTIMATE BASED ON AN IN-DEPTH ANALYSIS OF ENROLLMENT AND AWARDED AID, WHICH WAS PERFORMED WHILE PREPARING THE 2023 FORM 990. ENROLLMENT FOR FYE 5/31/25 REMAINS LARGELY UNCHANGED FROM FYE 5/31/24. X X X X 0 0 0 0 0 0 0 1 0 DR RYAN TIPTON PRESIDENT 301881 0 10834 0 0 0 6298 0 11780 0 330793 0 0 0 DR BRIANNA LOPEZ CHIEF ACADEMIC OFFICER 201458 0 8231 0 0 0 4238 0 11275 0 225202 0 0 0 DR PAULA SMITH EVP/CFO/TREASURER 154231 0 5921 0 0 0 3203 0 3857 0 167212 0 0 0 DR KEISHA TIPTON DEAN/FACULTY 140146 0 6009 0 0 0 3036 0 16418 0 165609 0 0 0 PART I, LINE 7 THE BOARD APPROVED NONFIXED PAYMENTS MADE IN THE FORM OF DISCRETIONARY BONUSES. KEISHA TIPTON FAMILY MEMBER OR PRESIDENT 166010 COMPENSATION AND BENEFITS 0 SHAYE SMITH FAMILY MEMBER OF EVP/CFO 93720 COMPENSATION AND BENEFITS 0 FORM 990, PART VI, SECTION A, LINE 1A PAULA SMITH AND SAMUEL S. SPENCER, JR - BUSINESS RELATIONSHIP FORM 990, PART VI, SECTION A, LINE 2 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, SECTION A, LINE 4 AMENDED ARTICLES OF INCORPORATION WERE ISSUED ON 9/20/24 REMOVING REFERENCE TO J.F. MADDOX FOUNDATION PARTICIPATION IN SELECTING THE ORGANIZATION THAT WILL RECEIVE ALL PROPERTY AND BE RESPONSIBLE FOR DISCHARGING ALL OBLIGATIONS UPON THE DISSOLUTION OF USW. FORM 990, PART VI, SECTION A, LINE 7B 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. FORM 990, PART VI, SECTION B, LINE 11B 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, SECTION B, LINE 12C THE UNIVERSITY'S ESTABLISHED CONFLICT OF INTEREST POLICY, WHICH COVERS ALL BOARD MEMBERS, 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, BOARD MEMBERS, OFFICERS AND KEY EMPLOYEES RECUSE THEMSELVES AND/OR ARE RECUSED FROM DECISIONS RELATING TO AREAS OF POSSIBLE OR PERCEIVED CONFLICTS. FORM 990, PART VI, SECTION B, LINE 15 COMPARABLE DATA IS CONSULTED IN ESTABLISHING SALARY RANGES FOR THE PRESIDENT. IN NO CIRCUMSTANCE IS THE PRESIDENT COMPENSATED AT A RATE EXCEEDING PEER INSTITUTIONS. INDEPENDENT MEMBERS OF THE BOARD, INCLUDING THE COMPENSATION COMMITTEE, REVIEW AND APPROVE COMPENSATION FOR THE PRESIDENT. THE APPROVAL PROCESS IS DOCUMENTED IN THE APPLICABLE HUMAN RESOURCES FILES AND FINANCE COMMITTEE MINUTES. FORM 990, PART VI, LINE 15B: THE PRESIDENT OF THE UNIVERSITY SETS AND APPROVES SALARIES OF OFFICERS AND KEY EMPLOYEES. THESE SALARIES MUST REMAIN WITHIN THE BOARD APPROVED BUDGET. IF OFFICERS AND/OR KEY EMPLOYEES HAVE TEACHING OVERLOADS, THOSE ARE PAID IN ACCORDANCE WITH THE PUBLISHED PAY SCALE IN THE EMPLOYEE HANDBOOK. COMPARABLE DATA IS CONSULTED IN ESTABLISHING SALARY RANGES FOR ALL OTHER OFFICERS AND KEY EMPLOYEES. IN NO CIRCUMSTANCES ARE OTHER OFFICERS AND KEY EMPLOYEES COMPENSATED AT A RATE EXCEEDING PEER INSTITUTIONS. THE APPROVAL PROCESS IS DOCUMENTED IN THE APPLICABLE HUMAN RESOURCES FILES. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: CHANGE IN OIL AND GAS RIGHTS 6,782. 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) LINE 12C, III-FI N/A 0 0 1 1 0 1 0 0 0 0 0 0 1 0 1 1 0 1 1 0