2026-04-15T10:22:03+00:00 2025-05-31 350921680 CROWE LLP 225 West Wacker Drive Suite 2600 Chicago IL 606061224 990 2024-06-01 350868181 Taylor University TAYL 7659984634 1846 S Main Street Upland IN 46989 Stephen Olson VP of Business and Finance / CFO 2026-04-15 true Jennifer Burke P01342224 3128997000 2026-04-15 2024 2025-03-06 01:10:19Z D Michael Lindsay 1846 S Main Street Upland IN 46989 205750473 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. 27 26 1848 177 1987 0 80987736 37281207 96556638 109067447 8982187 12417385 192822 170106 186719383 158936145 41974263 49065300 0 43741767 46024040 0 5676098 36281253 41985474 121997283 137074814 64722100 21861331 453290032 478565510 46633804 42856661 406656228 435708849 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 119910023 49065300 109067447 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 3.79 AND AN ACT OF 27. 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 IS RANKED #4 IN THE BEST MIDWEST REGIONAL COLLEGES IN THE U.S. NEWS & WORLD REPORT, MARKING THE 29TH CONSECUTIVE YEAR TAYLOR HAS APPEARED IN THE REGION'S TOP FIVE. U.S. NEWS & WORLD REPORT ALSO RANKED TAYLOR #7 IN BEST VALUE SCHOOLS AND #1 IN BEST UNDERGRADUATE TEACHING 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 94%, GRADUATION RATE 78%), THE PERCENTAGE OF STUDENTS STUDYING ABROAD, AND THE INVESTMENT MADE BY ALUMNI. 119910023 true true false true false true true true false true true false false false true true false true true false true false false false false false false true true true true false false false false false false true false true false true true false false true true true true false false true 3443 0 true 1848 true true true false false false false true true false false false false false false false false false X 27 26 true false true false false false false true true false false false true true true true true true true true false false CO IN KY AK MD MA MN NE NV OH OR SC WA X Bruce Miller 7659984634 1846 S Main Street Upland IN 46989 Chris L Goeglein Chair 6.0 0 X X 0 0 0 Dan Wolgemuth Treasurer 2.0 1.0 X X 0 0 0 Dr D Michael Lindsay President 60.0 8.0 X X 571350 0 81882 Manuel Rosado Vice Chair 2.0 1.0 X X 0 0 0 Nicholas Wallace Secretary 2.0 1.0 X X 0 0 0 Angela Angelovska-Wilson Trustee 2.0 1.0 X 0 0 0 Bob Wright Trustee 2.0 2.0 X 0 0 0 Erik Hotmire Trustee 2.0 1.0 X 0 0 0 Heather Larson Trustee 2.0 0 X 0 0 0 Jamie Haenggi TRUSTEE (BEGINNING MAY 2025) 2.0 0 X 0 0 0 Jana Murphy Trustee 2.0 1.0 X 0 0 0 Jeff Jones Trustee 2.0 2.0 X 0 0 0 Jill Anschutz Trustee 2.0 0 X 0 0 0 Jonathan Beukelman Trustee 2.0 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 LISA FORD TRUSTEE (BEGINNING MAY 2025) 2.0 1.0 X 0 0 0 Luther Whitfield Trustee 2.0 1.0 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 P Eric Turner Trustee 2.0 1.0 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 13.0 X 172747 0 41506 Holly Whitby VP of Enrollment & Marketing 50.0 0 X 201323 0 33115 Jewerl Maxwell Provost 50.0 0 X 188494 0 36319 Mike Falder VP for University Advancement 20.0 32.0 X 167736 0 38723 Chris Jones VP & Chief Information Officer 50.0 0 X 143197 0 40120 Coein Skip Trudeau VP of Student Services 50.0 0 X 142477 0 34840 Greg Dyson VP for Spiritual Life & Intercultural Leadership 50.0 0 X 137109 0 36390 Laurel Fauquher Program Dir. & Assoc. Prof. of Physician Asst Studies 50.0 0 X 123636 0 33546 Will Hagen VP for Strategy and Chief of Staff (Through November 2024) 50.0 1.0 X 148471 0 31836 1996540 0 408277 27 false true false Michael Kinder and Sons Inc 5206 Decatur Road Fort Wayne IN 46806 Building Construction 35990278 AVI Food Systems 2590 Elm Road NE Warren OH 44483 Food Services 8706557 Keith Sullivan Excavating Incorporated 408 West 9th St Marion IN 46953 Construction Contractor 2315912 Design Collaborative Inc 200 East Main St Suite 600 Fort Wayne IN 46802 Construction Design Services 803670 Current Inc 2120 E Washington Blvd Fort Wayne IN 46803 HVAC Contractor 661364 40 554041 36727166 995721 37281207 Tuition and fees 900099 84665116 84665116 Student Housing Fees 721310 10662391 10662391 Food services 900099 10168650 10168650 Health Center 900099 370699 370699 Bookstore commissions 451211 151544 151544 3049047 3049047 0 0 109067447 6942295 1987 6940308 170106 0 170106 0 170106 170106 51903051 386367 46744307 70021 5158744 316346 5475090 5475090 0 0 0 0 0 158936145 109067447 1987 12585504 736934 736934 48328366 48328366 1582193 1256312 212538 113343 57183 45406 7681 4096 30454482 24181835 4090985 2181662 1494309 1186529 200732 107048 10291907 8172105 1382523 737279 2143966 1702378 288001 153587 236616 187881 31785 16950 184963 184963 24000 19057 3224 1719 660085 660085 6009212 4771507 807224 430481 676739 537353 90907 48479 838296 665634 112609 60053 1328774 1055089 178496 95189 3080828 2446276 413851 220701 2972887 2360568 399351 212968 1477366 1173076 198456 105834 974387 974387 9989002 7931588 1341834 715580 769873 611304 103418 55151 Food Service Costs 6771760 6771760 Operating Supplies 1479166 1174505 198698 105963 Faculty/Staff Recruiting & Dev 366862 291300 49281 26281 Instructional Materials 183927 183927 3960731 3144946 532051 283734 137074814 119910023 11488693 5676098 3074233 8393626 51633391 28356519 1641845 1148647 0 0 0 0 957811 914397 222433 300405 1308524 1496112 294191369 111520718 163056067 182670651 207961719 232411284 15110132 12797900 0 8323877 10075969 453290032 478565510 11060454 8245811 441753 627559 30258809 29616084 0 0 4872788 4367207 46633804 42856661 X 181697612 200711145 224958616 234997704 406656228 435708849 453290032 478565510 X 21861331 7831019 -639729 X false true true true true X 11730450 28668284 36406640 80987736 36727166 194520276 0 0 11730450 28668284 36406640 80987736 36727166 194520276 53780735 140739541 2921475 5232965 4519403 7153602 7112401 26939846 0 0 0 0 0 0 0 221460122 461155668 0.63551 0.53794 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false false false false false false false false true 24000 24000 false Schedule C, Part II-B, Line 1 DETAILED DESCRIPTION OF THE LOBBYING ACTIVITY Lobbying activities include paying an outside firm for the following: Advocating at the Indiana General Assembly as it relates to identifying key issues and seeking modifications to legislation Communication with regulatory agencies, the Governor and the Attorney General Attending legislative committee meetings 13 0 743360 0 736934 0 598115 0 true true X 2 92.07 0 0 0 1 false 0 X X X X false 137015485 7181848 19518988 3483699 2187279 474490 157570853 112823114 8338726 21500130 3098172 2114165 434148 137015485 115018445 2994446 159665 2819110 2142450 387882 112823114 119606980 4000128 -3475569 2621612 2084896 406586 115018445 95014590 3092546 26290848 2529410 1887511 374083 119606980 0.1 0.66 0.24 true false 3274561 3274561 229512252 82602433 146909819 17111053 8724829 8386224 36386742 20193456 16193286 7906761 0 7906761 182670651 Federal Income Taxes Taylor University Health Plan Trust 1397896 Student Advance Payments and Deposits 900782 Federal Student Loan Advances 132913 Deferred Compensation Liability 15571 Annuity and Trust Obligations 1688812 Due to Related Third Party Lease Liability 231233 4367207 X 0 0 0 0 0 0 0 0 0 0 0 0 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 Indian 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 displays the collection in a manner that is accessible to the public and scholars for viewing, and enjoyment. The collection also has the purpose of complementing 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, and work study. South America 0 0 Program Services Off-campus Studies 304404 Europe (Including Iceland and Greenland) 0 0 Program Services off-campus studies 84271 Central America and the Caribbean 0 0 Investments 13088000 0 0 0 0 0 0 13476675 0 13476675 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 International Health Services PO Box 265 Southeastern PA 19399 232815839 501(C)(3) 225000 General Support Youth for Christ USA 7670 S Vaughn Ct Englewood CO 80112 362193619 501(C)(3) 102155 General Support Revive Our Hearts PO Box 2000 Niles MI 49120 933018289 501(C)(3) 83250 General Support HOPE International 227 Granite Run Dr Ste 250 Lancaster PA 17601 232836648 501(C)(3) 33450 General Support Orphans Tree PO Box 62904 Colorado Springs CO 80962 262733214 501(C)(3) 30000 General Support Servant Foundation 7171 W 95TH SREET NO 501 OVERLAND PARK KS 66212 431890105 501(C)(3) 21852 General Support Wycliffe Bible Translators PO Box 628200 Orlando FL 32862 951831097 501(C)(3) 13000 General Support CRU 100 Lake Hart Dr Orlando FL 32832 956006173 501(C)(3) 11600 General Support Calvary Church 4881 S Acoma St Englewood CO 80110 5550 General Support Colorado Community Church 14000 E Jewell Ave Aurora CO 80012 841240255 501(C)(3) 5250 General Support 10 0 Scholarships & Educational Grants 2107 48328366 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. Grants to organizations: The University maintains donor-advised funds which make grants to organizations based on grant recommendations from the donors. It is the University's policy that all recommended grants from DAFs are reviewed and approved by the Office of Advancement to ensure the eligibility of the recipient (current IRS status or equivalent), that the recommended use is charitable and does not result in private benefit, and that the recipient's organizational activities are not antithetical to the University's belief system. Records of recommendations, approvals, and disbursements are documented and retained in the University's finance and advancement systems. The University periodically reviews DAF activity and disbursement patterns to confirm ongoing compliance. X X X true true X X X X false false false false false false false false false Dr D Michael Lindsay President 415249 0 153250 0 2851 0 25535 0 56347 0 653232 0 0 0 Stephen Olson VP Business & Finance / CFO 156387 0 16000 0 360 0 9967 0 31539 0 214253 0 0 0 Mike Falder VP for University Advancement 140268 0 26000 0 1468 0 8926 0 29797 0 206459 0 0 0 Jewerl Maxwell Provost 172254 0 16000 0 240 0 10560 0 25759 0 224813 0 0 0 Holly Whitby VP of Enrollment & Marketing 176771 0 24000 0 552 0 10703 0 22412 0 234438 0 0 0 Greg Dyson VP for Spiritual Life & Intercultural Leadership 126077 0 10000 0 1032 0 8015 0 28375 0 173499 0 0 0 Laurel Fauquher Program Dir. & Assoc. Prof. of Physician Asst Studies 123028 0 75 0 533 0 7301 0 26245 0 157182 0 0 0 Will Hagen VP for Strategy and Chief of Staff (Through November 2024) 126295 0 22000 0 176 0 7855 0 23981 0 180307 0 0 0 Chris Jones VP & Chief Information Officer 124837 0 18000 0 360 0 8115 0 32005 0 183317 0 0 0 Coein Skip Trudeau VP of Student Services 130893 0 10000 0 1584 0 8180 0 26660 0 177317 0 0 0 Schedule J, Part I, Line 1a First-class or charter travel The University provided first-class travel for the President in furtherance of University business. Under the University's travel policy, first-class travel is permitted only in limited circumstances and requires substantiation and documentation of the business purpose. Because the travel met the requirements of the University's accountable plan and was incurred for bona fide University business purposes, the cost was not treated as taxable compensation to the President. 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 2024. 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 2024. A Town of Upland Indiana 356001216 915395FF9 2021-08-05 32700890 See statement false false false A 2450000 0 32875271 0 0 0 329218 0 0 15874380 16671673 0 2024 true false true true A false false false false false false 0 0 0.0 false false 0 false true A false true false false false false 0 false false false 0 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, 2011, and 2012 bonds using proceeds from the Series 2021 bonds. The University funded 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. 227500 Scholarship Financial Assistance Rebecca Lindsay Spouse of Dr. D. Michael Lindsay, President 57183 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 2092 Cost 28 843629 Market value X Nursing Training Equipment 1 150000 Market value 29 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 Other - Nursing Training Equipment number of contributions Form 990, Part VI, Line 1a Delegate broad authority to a committee The University's board of trustees 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 Committee, 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 4 Significant changes to organizational documents During the year, the University amended its bylaws to update trustee age and term provisions; revise officer term limits and interim appointment authority; expand the role and formalize procedures of the Committee on Trustees, including its nomination process for officer positions; and modify Executive Committee responsibilities related to executive compensation oversight. Form 990, Part VI, Line 11b Review of form 990 by governing body The University's board of trustees 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 trustees 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 trustees, officers and key employees to submit an annual conflict of interest disclosure. The annual disclosure requires trustees, 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, trustees, 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 trustees 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 trustees 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 Trustees 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 trustees, composed entirely of independent outside Trustees, is responsible for ensuring that the process outlined above is applied. The process occurred in August 2024. 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 officers and key employees is evaluated and entered at arms' length and that any compensation that is paid to officers and key employees 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 Trustees 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 trustees, composed entirely of independent outside Trustees, is responsible for ensuring that the process outlined above is applied. The process occurred in 2024. 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 Other - Total Revenue: 3049047, Related or Exempt Function Revenue: 3049047, 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 - -639729; Total - -639729; 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 128586 2249990 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 IN 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 (7) 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 (1) 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 650944 Actual Taylor University Foundation Inc O 64000 Per Agreement