2024-05-15T18:05:05-05:00 2023-06-30 FORVIS LLP 14241 DALLAS PARKWAY SUITE 1100 DALLAS TX 75254 990 2022-07-01 640303069 Belhaven University % SHERYL S VITTITOE BELH 6019688779 1500 Peachtree Street Jackson MS 39202 Sheryl S Vittitoe CFO & VP 6019688705 2023-05-15 true Sheryl S Vittitoe 999009999 Jeanette Verrelli P00742631 9727028262 2024-05-15 3 2022 2023-04-26 12:10:37Z Roger Parrott 1500 Peachtree Street Jackson MS 39202 82966366 false X WWW.BELHAVEN.EDU X 1883 MS BELHAVEN UNIVERSITY (BELHAVEN) IS A CHRISTIAN LIBERAL ARTS UNIVERSITY DEDICATED TO EXCELLENCE IN CHRISTIAN HIGHER EDUCATION. 26 24 994 26 0 0 9110190 11552913 48537467 50257078 259118 -7127 260550 186046 58167325 61988910 12263040 15333095 0 0 25379699 25895859 0 0 6200167 21386147 20261191 59028886 61490145 -861561 498765 85118100 85609260 22767462 21569784 62350638 64039476 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 41628918 15333095 44531437 BELHAVEN UNIVERSITY IS A CHRISTIAN LIBERAL ARTS UNIVERSITY DEDICATED 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 13:1 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 3,500 STUDENTS ENROLLED IN ITS NONTRADITIONAL PROGRAM. 3323779 13484129 AUXILIARY EXPENSES-DORMITORIES, CAFETERIA, VENDING MACHINES, BOOKSTORE AND POST OFFICE. 44952697 true true false false false false 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 false false false false true true false false false false false false false false true 80 0 true 994 true false false false false false true true false false false false false false X 26 24 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 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 JAMES 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 Oscar Jones Trustee 1.0 0.0 X 0 0 0 WAYNE HUSBAND - SEE SCH O Trustee 1.0 0.0 X 0 0 0 WILL VISE - SEE SCH O Board Secretary 1.0 0.0 X X 0 0 0 Heath Jordan - 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 Provost Start: 05/01/2023 40.0 0.0 X 0 0 0 BRADFORD M SMITH - SEE SCH O Provost End: 04/30/2023 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 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 AMY REX SMITH - SEE SCH O DEAN 40.0 0.0 X 0 0 0 STEPHANIE STEELMAN - SEE SCH O AVP 40.0 0.0 X 0 0 0 ERIC HARTER - SEE SCH O PROFESSOR 40.0 0.0 X 0 0 0 0 0 0 15 false false false 0 6984 7985225 3560704 1572839 11552913 Tuition & Fees 611310 44531437 44531437 Auxiliary Enterprises 611710 409600 409600 Housing Revenue 721310 5316041 5316041 50257078 374994 374994 0 0 83656 83656 0 83656 83656 20528934 20911055 -382121 -382121 -382121 20571 6984 10490 10081 10081 0 0 0 40742 55911 -15169 -15169 Miscellaneous Revenues 900099 107478 107478 107478 61988910 50349387 86610 0 15042983 15042983 290112 290112 0 2136909 608038 1357038 171833 0 19305110 14573799 1100375 3630936 927355 701848 52415 173092 2053075 1547683 117413 387979 1473410 1051637 158502 263271 0 34578 34578 93380 93380 0 0 18191 18191 3617753 2434395 1071295 112063 2193015 1973314 219701 1500377 791109 705696 3572 0 0 2121335 397429 1723906 1009345 826498 180656 2191 0 328912 290799 34522 3591 871951 622349 93800 155802 0 2664655 1901881 286650 476125 526984 376131 56690 94162 Departmental Expenses 2271945 711736 1545581 14628 REPAIRS & MAINTENANCE 1407385 47574 1359811 BAD DEBT EXPENSE 682997 682997 Dues and Subscriptions 541315 416896 110425 13994 377073 346486 16656 13931 61490145 44952697 10337281 6200167 3527609 7738661 3585940 0 662144 757431 1727441 1338831 13000 0 0 0 0 0 0 0 460204 110782 112053197 49472430 57899853 62580767 17172966 12867100 58850 0 0 0 0 0 10093 215688 85118100 85609260 2263635 1647116 0 0 4287953 4385591 0 0 0 0 0 0 15942003 14947712 0 0 273871 589365 22767462 21569784 X 40396224 40678125 21954414 23361351 62350638 64039476 85118100 85609260 X 498765 1090755 99318 X false true X true true true X 4111536 7904650 25231431 9110190 11552913 57910720 0 0 4111536 7904650 25231431 9110190 11552913 57910720 20261959 37648761 416505 381180 281276 668506 458650 2206117 0 403384 59574 83264 0 10081 556303 60673140 268408514 0.62052 0.54210 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 152000 X X DISPLAYED IN UNIV LIBRARY false 6552352 585003 7137355 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 0.70000 0.30000 false false 2492376 2492376 72844628 29821365 43023263 11892 11892 0 25958724 19202158 6756566 10745577 437015 10308562 62580767 0 Interest Rate Swap 255132 Funds held for others 51300 Annuities Payable 62357 Operating lease liability 214799 Security Deposits 5777 589365 48078702 1090755 -15056874 -13966119 62044821 -55911 -55911 61988910 46389864 55911 55911 46333953 15156192 15156192 61490145 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 $(15,156,192) Loss ON INTEREST RATE SWAP (142,733) Loss on Disposal (12,670) Audit Immaterial Differences 254,721 ---------------- TOTAL $(15,056,874) Schedule D, Part XI Line 4b RECONCILIATION OF REVENUE PER AUDITED FINANCIAL STATEMENTS WITH RETURN: COST OF GOODS SOLD $(55,911) Schedule D, Part XII Line 2d RECONCILIATION OF EXPENSES PER AUDITED FINANCIAL STATEMENTS WITH RETURN: COST OF GOODS SOLD $55,911 Schedule D, Part XII Line 4b RECONCILIATION OF EXPENSES PER AUDITED FINANCIAL STATEMENTS WITH RETURN: SCHOLARSHIPS & FINANCIAL AID $15,156,192 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 STABALIZATION FUND. Expenditures of federal awards for the year ended June 30, 2023 were $35,221,668 true Europe (Including Iceland and Greenland) 0 0 Program Services GRANTS 86565 Central America and the Caribbean 0 0 Program Services GRANTS 37714 South Asia 0 0 Program Services GRANTS 8500 East Asia and the Pacific 0 0 Program Services GRANTS 54265 South America 0 0 Program Services GRANTS 12500 Sub-Saharan Africa 0 0 Program Services GRANTS 67170 North America 0 0 Program Services GRANTS 23398 0 0 0 0 290112 290112 Scholarships & Grants Europe (Including Iceland and Greenland) 3 86565 TUITION SCHOLARSHIPS & GRANTS Central America and the Caribbean 3 37714 TUITION SCHOLARSHIPS & GRANTS South Asia 1 8500 TUITION SCHOLARSHIPS & GRANTS East Asia and the Pacific 8 54265 TUITION SCHOLARSHIPS & GRANTS South America 1 12500 TUITION SCHOLARSHIPS & GRANTS Sub-Saharan Africa 4 67170 TUITION SCHOLARSHIPS & GRANTS North America 3 23398 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 6/30/2023, 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 27555 6984 20571 3559 1000 4585 1346 0 27555 6984 20571 3559 1000 4585 1346 10490 10081 true Scholarships & Grants 1122 15042983 SCHEDULE I, 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 ANNUAL COMPLIANCE AUDIT CONDUCTED IN ACCORDANCE WITH OMB CIRCULAR A-133 EACH YEAR. FOR THE YEAR ENDED 6/30/2023, 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 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 AMOUNTS ARE INCLUDED IN THE ATTACHMENT. Schedule J, Part I, Line 1a EMPLOYEE BENEFITS: THE PRESIDENT, DR. ROGER PARROTT, RECEIVES A NON-TAXABLE HOUSING ALLOWANCE OF $96,000 AS AN ORDAINED MINISTER. 0 See Part V See Part V 1689389 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 Systems, LLC. MMI Dining Systems, LLC was also a substantial contributor to the University during the year. X 2 1572839 Stock Value false false false SCHEDULE M, PART I, COLUMN (B) NUMBER OF CONTRIBUTIONS OR ITEMS CONTRIBUTED: THE AMOUNT IN THIS COLUMN REFLECTS THE NUMBER OF CONTRIBUTIONS RECEIVED. 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 AUGUST OF 2023. THE PRESIDENT, CFO, AND DIRECTOR OF HR REVIEW COMPENSATION OF KEY EMPLOYEES. THE LAST REVIEW WAS AUGUST 2023. 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: Loss ON INTEREST RATE SWAP $(142,733) Released from Restriction $ (5,795) Other Changes $ 247,846 -------------- Total $ 99,318 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 AMOUNTS ARE INCLUDED IN THE ATTACHMENT.