Form 990-T - Exempt Organization Business Income Tax Return - 2015
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13Exempt Organization Business Income Tax Return
OMB No. 1545-0687
990-T
(and proxy tax under section 6033(e))
Form
2015
6/01
5/31
2016
,
For calendar year 2015 or other tax year beginning
, 2015, and ending
G Information about Form 990-T and its instructions is available at
Department of the Treasury
Open to Public Inspection for
G Do not enter SSN numbers on this form as it may be made public if your organization is a 501(c)(3).
Internal Revenue Service
501(c)(3) Organizations Only
Check box if
Check box if name changed and see instructions.
Employer identification number
A
D
address changed
(Employees' trust, see
ABILENE CHRISTIAN UNIVERSITY
instructions.)
Print
B
Exempt under section
ACU BOX 29120
X
75-0851900
or
C
3
501(
)(
)
ABILENE, TX 79699-9120
Type
Unrelated business activity
E
408(e)
220(e)
codes (See instructions.)
408A
530(a)
451211
812900
529(a)
Group exemption number (See instructions.)G
Book value of all assets at
F
C
end of year
G
X
G
Check organization type
597,522,290.
. . . . .
501(c) corporation
501(c) trust
401(a) trust
Other trust
H
Describe the organization's primary unrelated business activity.
RETAIL SALES, RENTALS, INVESTMENT INCOME
G
G
X
I
During the tax year, was the corporation a subsidiary in an affiliated group or a parent-subsidiary controlled group?
Yes
No
. . . .
G
If 'Yes,' enter the name and identifying number of the parent corporation
. . . .
STEVEN HOLLEY
325-674-2539
The books are in care of G
Telephone numberG
J
Part I
Unrelated Trade or Business Income
(A) Income
(B) Expenses
(C) Net
850,990.
Gross receipts or sales
1 a
. . .
850,990.
Less returns and allowances
BalanceG
b
c
1 c
. . . .
242,510.
2
Cost of goods sold (Schedule A, line 7)
2
. . . . . . . . . . . . . . . . . . . . . . .
608,480.
608,480.
Gross profit. Subtract line 2 from line 1c
3
3
. . . . . . . . . . . . . . . . . . . . . .
4 a
Capital gain net income (attach Schedule D)
4 a
. . . . . . . . . . . . . . . . . .
b Net gain (loss) (Form 4797, Part II, line 17) (attach Form 4797)
4 b
. . . . . . . . . . . . .
c
Capital loss deduction for trusts
4 c
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Income (loss) from partnerships and S corporations
5
ST 1
-65,605.
-65,605.
(attach statement)
5
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
156,106.
90,501.
65,605.
6
Rent income (Schedule C)
6
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Unrelated debt-financed income (Schedule E)
7
7
. . . . . . . . . . . . . . . . .
Interest, annuities, royalties, and rents from controlled organizations
8
8
(Schedule F). .
9
Investment income of a section 501(c)(7), (9), or (17) organization (Sch G)
9
. . . . .
Exploited exempt activity income (Schedule I)
10
10
. . . . . . . . . . . . . . . .
Advertising income (Schedule J)
11
11
. . . . . . . . . . . . . . . . . . . . . . . . . . . . .
12
Other income (See instructions; attach schedule)
. . . . . . . . . . . . . .
SEE STATEMENT 2
14,589.
14,589.
12
713,570.
90,501.
623,069.
13
Total. Combine lines 3 through 12
13
. . . . . . . . . . . . . . . . . . . . . . . . . . . .
Deductions Not Taken Elsewhere (See instructions for limitations on deductions.) (Except for
Part II
contributions, deductions must be directly connected with the unrelated business income.)
Compensation of officers, directors, and trustees (Schedule K)
14
14
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
361,526.
Salaries and wages
15
15
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
16
Repairs and maintenance
16
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
17
Bad debts
17
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Interest (attach schedule)
18
18
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Taxes and licenses
19
19
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
20
Charitable contributions (See instructions for limitation rules)
20
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Depreciation (attach Form 4562)
21
21
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Less depreciation claimed on Schedule A and elsewhere on return
22
22 a
22 b
. . . . . . . . . . . . .
2,188.
23
Depletion
23
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Contributions to deferred compensation plans
24
24
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
76,070.
Employee benefit programs
25
25
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
26
Excess exempt expenses (Schedule I)
26
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
27
Excess readership costs (Schedule J)
27
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
SEE STATEMENT 3
232,611.
28
Other deductions (attach schedule)
28
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
672,395.
29
Total deductions. Add lines 14 through 28
29
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
-49,326.
30
Unrelated business taxable income before net operating loss deduction. Subtract line 29 from line 13
30
. . . . . . . .
SEE STATEMENT 4
31
Net operating loss deduction (limited to the amount on line 30)
31
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
-49,326.
32
Unrelated business taxable income before specific deduction. Subtract line 31 from line 30
32
. . . . . . . . . . . . . . . . . .
33
Specific deduction (Generally $1,000, but see line 33 instructions for exceptions)
33
. . . . . . . . . . . . . . . . . . . . . . . . . . .
-49,326.
34
34
Unrelated business taxable income. Subtract line 33 from line 32. If line 33 is greater than line 32, enter the smaller of zero or line 32
. . .
BAA For Paperwork Reduction Act Notice, see instructions.
TEEA0205L 10/12/15
Form 990-T (2015)
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