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ObjectId: 202031979349304598 - Submission: 2020-07-15
TIN: 54-0946734
Schedule J
(Form 990)
Department of the Treasury
Internal Revenue Service
Compensation Information
For certain Officers, Directors, Trustees, Key Employees, and Highest
Compensated Employees
Complete if the organization answered "Yes" on Form 990, Part IV, line 23.
Attach to Form 990.
Go to
www.irs.gov/Form990
for instructions and the latest information.
OMB No. 1545-0047
20
18
Open to Public Inspection
Name of the organization
LIBERTY UNIVERSITY INC
Employer identification number
54-0946734
Part I
Questions Regarding Compensation
Yes
No
1a
Check the appropiate box(es) if the organization provided any of the following to or for a person listed on Form
990, Part VII, Section A, line 1a. Complete Part III to provide any relevant information regarding these items.
First-class or charter travel
Housing allowance or residence for personal use
Travel for companions
Payments for business use of personal residence
Tax idemnification and gross-up payments
Health or social club dues or initiation fees
Discretionary spending account
Personal services (e.g., maid, chauffeur, chef)
b
If any of the boxes in line 1a are checked, did the organization follow a written policy regarding payment or reimbursement or provision of all of the expenses described above? If "No," complete Part III to explain
.........
1b
Yes
2
Did the organization require substantiation prior to reimbursing or allowing expenses incurred by all
directors, trustees, officers, including the CEO/Executive Director, regarding the items checked in line 1a?
..
2
Yes
3
Indicate which, if any, of the following the filing organization used to establish the compensation of the
organization's CEO/Executive Director. Check all that apply. Do not check any boxes for methods
used by a related organization to establish compensation of the CEO/Executive Director, but explain in Part III.
Compensation committee
Written employment contract
Independent compensation consultant
Compensation survey or study
Form 990 of other organizations
Approval by the board or compensation committee
4
During the year, did any person listed on Form 990, Part VII, Section A, line 1a, with respect to the filing organization or a related organization:
a
Receive a severance payment or change-of-control payment?
.............
4a
Yes
b
Participate in, or receive payment from, a supplemental nonqualified retirement plan?
.........
4b
No
c
Participate in, or receive payment from, an equity-based compensation arrangement?
.........
4c
No
If "Yes" to any of lines 4a-c, list the persons and provide the applicable amounts for each item in Part III.
Only 501(c)(3), 501(c)(4), and 501(c)(29) organizations must complete lines 5-9.
5
For persons listed on Form 990, Part VII, Section A, line 1a, did the organization pay or accrue any
compensation contingent on the revenues of:
a
The organization?
....................
5a
No
b
Any related organization?
.......................
5b
No
If "Yes," on line 5a or 5b, describe in Part III.
6
For persons listed on Form 990, Part VII, Section A, line 1a, did the organization pay or accrue any
compensation contingent on the net earnings of:
a
The organization?
..................
6a
No
b
Any related organization?
......................
6b
No
If "Yes," on line 6a or 6b, describe in Part III.
7
For persons listed on Form 990, Part VII, Section A, line 1a, did the organization provide any nonfixed
payments not described in lines 5 and 6? If "Yes," describe in Part III
............
7
Yes
8
Were any amounts reported on Form 990, Part VII, paid or accured pursuant to a contract that was
subject to the initial contract exception described in Regulations section 53.4958-4(a)(3)? If "Yes," describe
in Part III
..........................
8
No
9
If "Yes" on line 8, did the organization also follow the rebuttable presumption procedure described in Regulations section 53.4958-6(c)?
.........................
9
For Paperwork Reduction Act Notice, see the Instructions for Form 990.
Cat. No. 50053T
Schedule J (Form 990) 2018
Page 2
Schedule J (Form 990) 2018
Page
2
Part II
Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees.
Use duplicate copies if additional space is needed.
For each individual whose compensation must be reported on Schedule J, report compensation from the organization on row (i) and from related organizations, described in the
instructions, on row (ii). Do not list any individuals that are not listed on Form 990, Part VII.
Note.
The sum of columns (B)(i)-(iii) for each listed individual must equal the total amount of Form 990, Part VII, Section A, line 1a, applicable column (D) and (E) amounts for that individual.
(A)
Name and Title
(B)
Breakdown of W-2 and/or 1099-MISC compensation
(C)
Retirement and other deferred compensation
(D)
Nontaxable
benefits
(E)
Total of columns
(B)(i)-(D)
(F)
Compensation in column (B) reported as deferred on prior Form 990
(i)
Base
compensation
(ii)
Bonus & incentive
compensation
(iii)
Other
reportable compensation
1
Mr Jerry Falwell
Chancellor/President
(i)
(ii)
1,099,356
-------------
0
0
-------------
0
0
-------------
0
24,500
-------------
0
35,155
-------------
0
1,159,011
-------------
0
0
-------------
0
2
Mr David Corry
General Counsel/Secretary
(i)
(ii)
246,114
-------------
0
0
-------------
0
0
-------------
0
12,115
-------------
0
24,344
-------------
0
282,573
-------------
0
0
-------------
0
3
Mr Dan Applewhite
Deputy General Counsel/Assista
(i)
(ii)
201,785
-------------
0
0
-------------
0
0
-------------
0
9,809
-------------
0
12,124
-------------
0
223,718
-------------
0
0
-------------
0
4
Dr Scott Hicks
Provost and Chief Academic Off
(i)
(ii)
230,645
-------------
0
100,000
-------------
0
0
-------------
0
8,982
-------------
0
13,980
-------------
0
353,607
-------------
0
0
-------------
0
5
Mr Don Moon
SR VP of Investment Management
(i)
(ii)
258,135
-------------
0
0
-------------
0
0
-------------
0
12,522
-------------
0
17,384
-------------
0
288,041
-------------
0
0
-------------
0
6
Dr Robert Ritz
EVP Finance
(i)
(ii)
314,339
-------------
0
0
-------------
0
0
-------------
0
14,000
-------------
0
25,334
-------------
0
353,673
-------------
0
0
-------------
0
7
Mr Randall Smith
EVP & COO
(i)
(ii)
311,903
-------------
0
0
-------------
0
0
-------------
0
15,750
-------------
0
22,414
-------------
0
350,067
-------------
0
0
-------------
0
8
Mr Trey Falwell
VP of University Operations
(i)
(ii)
207,388
-------------
0
0
-------------
0
0
-------------
0
10,167
-------------
0
16,755
-------------
0
234,310
-------------
0
0
-------------
0
9
Mr John Gauger
CIO
(i)
(ii)
252,810
-------------
0
0
-------------
0
0
-------------
0
12,475
-------------
0
24,441
-------------
0
289,726
-------------
0
0
-------------
0
10
Dr Lawrence Hine
Senior VP of Student Affairs
(i)
(ii)
183,422
-------------
0
0
-------------
0
0
-------------
0
9,009
-------------
0
20,551
-------------
0
212,982
-------------
0
0
-------------
0
11
Mr Chris Johnson
EVP for Resident Enrollment
(i)
(ii)
225,124
-------------
0
0
-------------
0
0
-------------
0
10,150
-------------
0
23,236
-------------
0
258,510
-------------
0
0
-------------
0
12
Mr Ronald Kennedy
EVP of Enrollment & Marketing
(i)
(ii)
268,245
-------------
0
125,000
-------------
0
0
-------------
0
13,264
-------------
0
26,153
-------------
0
432,662
-------------
0
0
-------------
0
13
Mr Ian McCaw
Director of Athletics
(i)
(ii)
492,115
-------------
0
0
-------------
0
0
-------------
0
22,500
-------------
0
28,403
-------------
0
543,018
-------------
0
0
-------------
0
14
Mr David Nasser
SR VP of Spiritual Development
(i)
(ii)
366,593
-------------
0
0
-------------
0
0
-------------
0
17,307
-------------
0
24,033
-------------
0
407,933
-------------
0
0
-------------
0
15
Mr Charles Spence
SR VP of Facilities Management
(i)
(ii)
239,197
-------------
0
0
-------------
0
0
-------------
0
11,453
-------------
0
21,799
-------------
0
272,449
-------------
0
0
-------------
0
16
Dr Shawn Akers
Online Provost
(i)
(ii)
183,592
-------------
0
0
-------------
0
0
-------------
0
6,897
-------------
0
10,623
-------------
0
201,112
-------------
0
0
-------------
0
17
Ms Laura Wallace
EVP for Human Resources
(i)
(ii)
289,217
-------------
0
50,000
-------------
0
0
-------------
0
14,342
-------------
0
18,560
-------------
0
372,119
-------------
0
0
-------------
0
18
Mr Turner Gill
Head Coach-Football
(i)
(ii)
756,221
-------------
0
0
-------------
0
0
-------------
0
24,500
-------------
0
30,013
-------------
0
810,734
-------------
0
0
-------------
0
19
Mr Ritchie McKay
Head Coach-Men's Basketball
(i)
(ii)
600,790
-------------
0
0
-------------
0
0
-------------
0
24,500
-------------
0
29,979
-------------
0
655,269
-------------
0
0
-------------
0
20
Dr Peter Bell
Dean, LU College of Osteopathi
(i)
(ii)
439,915
-------------
0
0
-------------
0
0
-------------
0
22,500
-------------
0
26,409
-------------
0
488,824
-------------
0
0
-------------
0
21
Mr Carey Green
Head Coach-Women's Basketball
(i)
(ii)
313,539
-------------
0
0
-------------
0
0
-------------
0
12,111
-------------
0
22,632
-------------
0
348,282
-------------
0
0
-------------
0
22
Mr Brian Faulkner
Dean, School of Law
(i)
(ii)
254,092
-------------
0
0
-------------
0
0
-------------
0
12,849
-------------
0
24,952
-------------
0
291,893
-------------
0
0
-------------
0
23
Dr Ben Gutierrez
Former Key Employee
(i)
(ii)
212,560
-------------
0
0
-------------
0
0
-------------
0
9,081
-------------
0
18,569
-------------
0
240,210
-------------
0
0
-------------
0
24
Mr Christian Kennedy
Former Officer
(i)
(ii)
121,255
-------------
0
0
-------------
0
0
-------------
0
6,167
-------------
0
18,219
-------------
0
145,641
-------------
0
0
-------------
0
25
Dr Ronald Hawkins
Former Officer
(i)
(ii)
255,617
-------------
0
0
-------------
0
0
-------------
0
12,600
-------------
0
21,598
-------------
0
289,815
-------------
0
0
-------------
0
Schedule J (Form 990) 2018
Page 3
Schedule J (Form 990) 2018
Page
3
Part III
Supplemental Information
Provide the information, explanation, or descriptions required for Part I, lines 1a, 1b, 3, 4a, 4b, 4c, 5a, 5b, 6a, 6b, 7, and 8, and for Part II. Also complete this part for any additional information.
Return Reference
Explanation
PART I, LINE 1A:
TYPE OF BENEFIT: FIRST-CLASS OR CHARTER TRAVEL LISTED PERSON WHO RECEIVED THE BENEFIT: TRUSTEES, OFFICERS, KEY AND HIGHLY COMPENSATED WAS THE BENEFIT TREATED AS TAXABLE TO LISTED PERSON? FOR BUSINESS TRAVEL THE AMOUNT IS NEITHER REIMBURSED NOR IS TAXABLE; PERSONAL TRAVEL IS EITHER REIMBURSED OR TREATED AS A TAXABLE BENEFIT TYPE OF BENEFIT: TRAVEL FOR COMPANIONS LISTED PERSON WHO RECEIVED THE BENEFIT: TRUSTEES, OFFICERS, KEY AND HIGHLY COMPENSATED WAS THE BENEFIT TREATED AS TAXABLE TO THE LISTED PERSON? IF COMPANION HAD A BUSINESS PURPOSE, THE AMOUNT IS NEITHER REIMBURSED NOR TAXABLE. IF COMPANION DOES NOT HAVE A BUSINESS PURPOSE, THE AMOUNT IS EITHER REIMBURSED OR IS TREATED AS A TAXABLE BENEFIT TYPE OF BENEFIT: TAX INDEMNIFICATION AND GROSS-UP PAYMENTS LISTED PERSON WHO RECEIVED THE BENEFIT: PRESIDENT OF THE UNIVERSITY WAS THE BENEFIT TREATED AS TAXABLE TO LISTED PERSON? THE AMOUNT IS TREATED AS TAXABLE COMPENSATION TYPE OF BENEFIT: HEALTH OR SOCIAL CLUB DUES OR INITIATION FEES LISTED PERSON WHO RECEIVED THE BENEFIT: PRESIDENT OF THE UNIVERSITY WAS THE BENEFIT TREATED AS TAXABLE TO LISTED PERSON? THE AMOUNT IS TREATED AS TAXABLE COMPENSATION TYPE OF BENEFIT: PERSONAL SERVICES LISTED PERSON WHO RECEIVED THE BENEFIT: PRESIDENT OF THE UNIVERSITY WAS THE BENEFIT TREATED AS TAXABLE TO LISTED PERSON? THE AMOUNT IS EITHER REIMBURSED OR TREATED AS TAXABLE COMPENSATION
PART I, LINE 3:
Compensation of the Chancellor/President and other officers and key employees are reviewed annually by the executive committee. Comparable salary data is reviewed when salaries are set and adjusted to determine the reasonableness of the compensation.
Part I, Line 4a
Head Football Coach, Turner Gill resigned effective 12/14/2018, and received all compensation through 12/14/2018 as per normal HR practice with a resignation. In addition, the University and Coach Gill executed a contract addendum effective 12/3/2018 that specified a set dollar amount that Coach Gill would receive to conclude his contract pay with the University. This set dollar amount was paid 1/15/2019.
Part I, Line 7
Certain Employees as disclosed in Part VII and Schedule J receive bonus payments which would qualify as non-fixed payments. The amounts of such bonuses are approved by executive leadership of the organization in such a way to ensure reasonable compensation and avoid conflicts of interest. All such payments are reflected in the employees W-2.
Schedule J (Form 990) 2018
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