efile Public Visual Render
ObjectId: 201711359349311011 - Submission: 2017-05-15
TIN: 54-0946734
SCHEDULE R
(Form 990)
Department of the Treasury
Internal Revenue Service
Related Organizations and Unrelated Partnerships
Complete if the organization answered "Yes" on Form 990, Part IV, line 33, 34, 35b, 36, or 37.
Attach to Form 990.
Information about Schedule R (Form 990) and its instructions is at
www.irs.gov/form990
.
OMB No. 1545-0047
20
15
Open to Public Inspection
Name of the organization
LIBERTY UNIVERSITY INC
Employer identification number
54-0946734
Part I
Identification of Disregarded Entities
Complete if the organization answered "Yes" on Form 990, Part IV, line 33.
(a)
Name, address, and EIN (if applicable) of disregarded entity
(b)
Primary activity
(c)
Legal domicile (state
or foreign country)
(d)
Total income
(e)
End-of-year assets
(f)
Direct controlling
entity
(1)
C&C AVIATION
1971 UNIVERSITY BLVD
LYNCHBURG
,
VA
24515
54-0946734
AIRFARE FOR UNIVERSITY AFFAIRS
VA
-883,832
2,858,377
LIBERTY UNIVERSITY INC
(2)
IVY HILL RECREATION LLC
1971 UNIVERSITY BLVD
LYNCHBURG
,
VA
24515
46-0903360
RECREATION
VA
-19,799
2,781,373
LIBERTY UNIVERSITY INC
(3)
LIBERTY MOUNTAIN CONFERENCE CENTER LLC
1971 UNIVERSITY BLVD
LYNCHBURG
,
VA
24515
27-5427434
CENTER FOR EDUCATIONAL CONFERENCES
VA
-1,433
1,107,161
LIBERTY UNIVERSITY INC
(4)
LIBERTY RIDGE LLC
1971 UNIVERSITY BLVD
LYNCHBURG
,
VA
24515
27-0714028
REAL ESTATE HOLDINGS
VA
168,756
1,843,762
LIBERTY UNIVERSITY INC
(5)
LU CANDLERS STATION HOLDINGSLLC
1971 UNIVERSITY BLVD
LYNCHBURG
,
VA
24515
27-1753489
REAL ESTATE HOLDINGS
VA
776,009
24,140,368
LIBERTY UNIVERSITY INC
(6)
LU PLAZA HOLDINGSLLC
1971 UNIVERSITY BLVD
LYNCHBURG
,
VA
24515
27-0217985
REAL ESTATE HOLDINGS
VA
202,492
19,959,035
LIBERTY UNIVERSITY INC
(7)
LU RACQUET SPORTS LLC
1971 UNIVERSITY BLVD
LYNCHBURG
,
VA
24515
27-4785690
RECREATION
VA
0
0
LIBERTY UNIVERSITY INC
(8)
MORNING STAR BROADCASTING LLC
1971 UNIVERSITY BLVD
LYNCHBURG
,
VA
24515
46-3731118
TELEVISION BROADCASTING
VA
-339,989
1,728,448
LIBERTY UNIVERSITY INC
(9)
CROSSROADS INVESTMENTS LLC
1971 UNIVERSITY BLVD
LYNCHBURG
,
VA
24515
47-3991939
REAL ESTATE HOLDINGS
VA
3,510
347,512
LIBERTY UNIVERSITY INC
(10)
LIBERTY MOUNTAIN MEDICAL GROUP LLC
1971 UNIVERSITY BLVD
LYNCHBURG
,
VA
24515
47-2935244
MEDICAL EDUCATION
VA
-715,549
634,289
LIBERTY UNIVERSITY INC
(11)
BURTON REALTY I
1971 UNIVERSITY BLVD
LYNCHBURG
,
VA
24515
54-0946734
REAL ESTATE HOLDINGS
VA
59,192
7,969,823
LIBERTY UNIVERSITY INC
(12)
BURTON REALTY II
1971 UNIVERSITY BLVD
LYNCHBURG
,
VA
24515
54-0946734
REAL ESTATE HOLDINGS
VA
61,711
8,308,964
LIBERTY UNIVERSITY INC
(13)
BURTON REALTY III
1971 UNIVERSITY BLVD
LYNCHBURG
,
VA
24515
54-0946734
REAL ESTATE HOLDINGS
VA
1,259
169,571
LIBERTY UNIVERSITY INC
(14)
BURTON REALTY IV
1971 UNIVERSITY BLVD
LYNCHBURG
,
VA
24515
54-0946734
REAL ESTATE HOLDINGS
VA
1,259
169,571
LIBERTY UNIVERSITY INC
(15)
BURTON REALTY V
1971 UNIVERSITY BLVD
LYNCHBURG
,
VA
24515
54-0946734
REAL ESTATE HOLDINGS
VA
1,259
169,571
LIBERTY UNIVERSITY INC
(16)
BURTON REALTY VI
1971 UNIVERSITY BLVD
LYNCHBURG
,
VA
24515
54-0946734
REAL ESTATE HOLDINGS
VA
1,259
169,571
LIBERTY UNIVERSITY INC
(17)
LIBERTY MOTION PICTURE COMPANY
1971 UNIVERSITY BLVD
LYNCHBURG
,
VA
24515
46-5653798
CINEMATIC ARTS
VA
0
56,351
LIBERTY UNIVERSITY INC
(18)
AIRPORT PLAZA HOLDINGS LLC
1971 UNIVERSITY BLVD
LYNCHBURG
,
VA
24515
47-1347963
REAL ESTATE HOLDINGS
VA
393,060
6,618,790
LIBERTY UNIVERSITY INC
(19)
RED TIE MUSIC LLC
1971 UNIVERSITY BLVD
LYNCHBURG
,
VA
24515
46-1340766
MUSIC EDUCATION
VA
118,887
86,147
LIBERTY UNIVERSITY INC
(20)
LIBERTY HEALTH SERVICES LLC
1971 UNIVERSITY BLVD
LYNCHBURG
,
VA
24515
47-5575947
MEDICAL HEALTH EDUCATION
VA
45,314
2,159,222
LIBERTY UNIVERSITY INC
Part II
Identification of Related Tax-Exempt Organizations
Complete if the organization answered "Yes" on Form 990, Part IV, line 34 because it had one or more related tax-exempt organizations during the tax year.
(a)
Name, address, and EIN of related organization
(b)
Primary activity
(c)
Legal domicile (state
or foreign country)
(d)
Exempt Code section
(e)
Public charity status
(if section 501(c)(3))
(f)
Direct controlling
entity
(g)
Section 512(b)(13) controlled entity?
Yes
No
(1)
THOMAS ROAD BAPTIST CHURCH CORPORATION
1971 UNIVERSITY BLVD
LYNCHBURG
,
VA
24515
26-0061907
RELIGIOUS
VA
501(C)(3)
LINE 1
No
(2)
LIBERTY UNIVERSITY FOUNDATION
1971 UNIVERSITY BLVD
LYNCHBURG
,
VA
24515
54-1939910
RELIGIOUS
DC
501(C)(3)
LINE 9
LIBERTY UNIVERSITY INC
Yes
(3)
OLD TIME GOSPEL HOUR
1971 UNIVERSITY BLVD
LYNCHBURG
,
VA
24515
23-7293001
RELIGIOUS
VA
501(C)(3)
LINE 1
LIBERTY UNIVERSITY INC
Yes
For Paperwork Reduction Act Notice, see the Instructions for Form 990.
Cat. No. 50135Y
Schedule R (Form 990) 2015
Page 2
Schedule R (Form 990) 2015
Page
2
Part III
Identification of Related Organizations Taxable as a Partnership
Complete if the organization answered "Yes" on Form 990, Part IV, line 34 because it had one or more related organizations treated as a partnership during the tax year.
(a)
Name, address, and EIN of
related organization
(b)
Primary activity
(c)
Legal
domicile
(state or foreign
country)
(d)
Direct controlling
entity
(e)
Predominant income(related, unrelated, excluded from tax under sections 512-514)
(f)
Share of total income
(g)
Share of end-of-year
assets
(h)
Disproprtionate allocations?
(i)
Code V-UBI
amount in box 20 of
Schedule K-1
(Form 1065)
(j)
General or
managing
partner?
(k)
Percentage
ownership
Yes
No
Yes
No
(1)
RIVER RIDGE MALL JV LLC
2030 HAMILTON PLACE BLVD SUITE 500
CHATTANOOGA
,
TN
374216000
81-1762010
RENTAL REAL ESTATE
TN
LIBERTY UNIVERSITY INC
INVESTMENT/UNRELATED
868,950
41,151,488
No
23,128
No
75.000 %
Part IV
Identification of Related Organizations Taxable as a Corporation or Trust
Complete if the organization answered "Yes" on Form 990, Part IV, line 34 because it had one or more related organizations treated as a corporation or trust during the tax year.
(a)
Name, address, and EIN of
related organization
(b)
Primary activity
(c)
Legal
domicile
(state or foreign
country)
(d)
Direct controlling
entity
(e)
Type of entity
(C corp, S corp,
or trust)
(f)
Share of total income
(g)
Share of end-of-year
assets
(h)
Percentage
ownership
(i)
Section 512(b)(13) controlled entity?
Yes
No
(1)
FREEDOM AVIATION
310 HANGAR ROAD
LYNCHBURG
,
VA
24502
54-0755641
PROVIDES FLIGHT INSTRUCTION TO STUDENTS AND CHARTER SERVICES TO PUBLIC
VA
LIBERTY UNIVERSITY INC
C
5,209
5,678,841
100.000 %
Yes
(2)
LIBERTY MOUNTAIN CAPITAL INC
1971 UNIVERSITY BLVD
LYNCHBURG
,
VA
24515
27-2376207
INVESTMENT HOLDINGS COMPANY
VA
LIBERTY UNIVERSITY INC
C
59,651
381,503
100.000 %
Yes
(3)
G&J THOMAS INC
PO BOX 228
FOREST
,
VA
24551
45-0596703
STUDENT HOUSING
VA
LIBERTY UNIVERSITY INC
S
67,748
5,050,992
100.000 %
Yes
Schedule R (Form 990) 2015
Page 3
Schedule R (Form 990) 2015
Page
3
Part V
Transactions With Related Organizations
Complete if the organization answered "Yes" on Form 990, Part IV, line 34, 35b, or 36.
Note.
Complete line 1 if any entity is listed in Parts II, III, or IV of this schedule.
Yes
No
1
During the tax year, did the orgranization engage in any of the following transactions with one or more related organizations listed in Parts II-IV?
a
Receipt of
(i)
interest,
(ii)
annuities,
(iii)
royalties, or
(iv)
rent from a controlled entity
.....................
1a
Yes
b
Gift, grant, or capital contribution to related organization(s)
............................
1b
Yes
c
Gift, grant, or capital contribution from related organization(s)
............................
1c
No
d
Loans or loan guarantees to or for related organization(s)
............................
1d
Yes
e
Loans or loan guarantees by related organization(s)
............................
1e
No
f
Dividends from related organization(s)
............................
1f
No
g
Sale of assets to related organization(s)
............................
1g
No
h
Purchase of assets from related organization(s)
............................
1h
Yes
i
Exchange of assets with related organization(s)
............................
1i
Yes
j
Lease of facilities, equipment, or other assets to related organization(s)
.......................
1j
Yes
k
Lease of facilities, equipment, or other assets from related organization(s)
......................
1k
Yes
l
Performance of services or membership or fundraising solicitations for related organization(s)
.....................
1l
No
m
Performance of services or membership or fundraising solicitations by related organization(s)
.................
1m
Yes
n
Sharing of facilities, equipment, mailing lists, or other assets with related organization(s)
...................
1n
Yes
o
Sharing of paid employees with related organization(s)
............................
1o
Yes
p
Reimbursement paid to related organization(s) for expenses
............................
1p
Yes
q
Reimbursement paid by related organization(s) for expenses
............................
1q
No
r
Other transfer of cash or property to related organization(s)
............................
1r
No
s
Other transfer of cash or property from related organization(s)
............................
1s
No
2
If the answer to any of the above is "Yes," see the instructions for information on who must complete this line, including covered relationships and transaction thresholds.
(a)
Name of related organization
(b)
Transaction
type (a-s)
(c)
Amount involved
(d)
Method of determining amount involved
(1)
FREEDOM AVIATION
A
204,196
ACCRUAL
Schedule R (Form 990) 2015
Page 4
Schedule R (Form 990) 2015
Page
4
Part VI
Unrelated Organizations Taxable as a Partnership
Complete if the organization answered "Yes" on Form 990, Part IV, line 37.
Provide the following information for each entity taxed as a partnership through which the organization conducted more than five percent of its activities (measured by total assets or gross revenue) that was not a related organization. See instructions regarding exclusion for certain investment partnerships.
(a)
Name, address, and EIN of entity
(b)
Primary activity
(c)
Legal domicile
(state or foreign
country)
(d)
Predominant income (related, unrelated, excluded from tax under sections 512-514)
(e)
Are all partners
section
501(c)(3)
organizations?
(f)
Share of total income
(g)
Share of
end-of-year
assets
(h)
Disproprtionate allocations?
(i)
Code V-UBI
amount in box 20
of Schedule K-1
(Form 1065)
(j)
General or
managing
partner?
(k)
Percentage
ownership
Yes
No
Yes
No
Yes
No
Schedule R (Form 990) 2015
Page 5
Schedule R (Form 990) 2015
Page
5
Part VII
Supplemental Information
Provide additional information for responses to questions on Schedule R (see instructions).
Return Reference
Explanation
Schedule R (Form 990) 2015
Additional Data
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