2024-04-12T06:44:23-05:00 2023-05-31 621199757 LBMC PC PO BOX 1869 BRENTWOOD TN 370241869 990 2022-06-01 620485733 LIPSCOMB UNIVERSITY LIPS 6159661000 ONE UNIVERSITY PARK DRIVE NASHVILLE TN 372043951 JEFFREY BAUGHN SENIOR VP FOR FINANCE & TECHNOLOGY 6159661000 2024-04-09 1 JEFFREY BAUGHN 999009999 0 JONATHAN W COOKE P00079981 6153774600 2024-04-09 3 AAL1 IAL1 2022 2023-04-26 12:10:37Z LIPSCOMB UNIVERSITY JEFFREY BAUGHN ONE UNIVERSITY PARK DR NASHVILLE TN 37204 322593980 0 X WWW.LIPSCOMB.EDU X 1891 TN LIPSCOMB UNIVERSITY DELIVERS A COMPLETE EDUCATION CHARACTERIZED BY INTEGRATION OF CHRISTIAN FAITH AND PRACTICE WITH ACADEMIC EXCELLENCE. THIS COMPLETE EDUCATION, WHICH INCLUDES LIBERAL ARTS STUDIES AND PROFESSIONAL PREPARATION, DOES NOT SUGGEST A FINISHED EDUCATION. RATHER, IT REFLECTS LIPSCOMB'S COMMITMENT TO THE COMPREHENSIVE DEVELOPMENT OF EACH STUDENT - SPIRITUALLY, INTELLECTUALLY, SOCIALLY, AND PHYSICALLY - AS LIPSCOMB PREPARES ITS GRADUATES FOR A LIFE OF LEARNING, LEADING, AND SERVING. LIPSCOMB ALSO SEEKS TO MAKE A POSITIVE DIFFERENCE IN THE COMMUNITY. 27 26 2690 200 -642509 20804 21651976 15932059 195835550 203055331 7957008 7688389 2025848 1532176 227470382 228207955 55639723 57703729 0 0 85502799 90848047 0 0 3432169 86821023 87024183 227963545 235575959 -493163 -7368004 484056410 455099629 269460769 251766518 214595641 203333111 X LIPSCOMB UNIVERSITY DELIVERS A COMPLETE EDUCATION CHARACTERIZED BY INTEGRATION OF CHRISTIAN FAITH AND PRACTICE WITH ACADEMIC EXCELLENCE. THIS COMPLETE EDUCATION, WHICH INCLUDES LIBERAL ARTS STUDIES AND PROFESSIONAL PREPARATION, DOES NOT SUGGEST A FINISHED EDUCATION. RATHER, IT REFLECTS LIPSCOMB'S COMMITMENT TO THE COMPREHENSIVE DEVELOPMENT OF EACH STUDENT - SPIRITUALLY, INTELLECTUALLY, SOCIALLY, AND PHYSICALLY - AS LIPSCOMB PREPARES ITS GRADUATES FOR A LIFE OF LEARNING, LEADING, AND SERVING. LIPSCOMB SEEKS TO BE ENGAGED IN THE COMMUNITY AND TO BE A GOOD NEIGHBOR AS IT CONTINUES TO GROW. 0 0 124960917 57703729 180392368 INSTRUCTIONAL EXPENSES:CLASSROOM AND ONLINE AND GLOBAL INSTRUCTION IN A COLLABORATIVE CHRISTIAN LIBERAL ARTS LEARNING ENVIRONMENT FROM PRE-KINDERGARTEN THROUGH THE DOCTORAL LEVEL AND BEYOND WITH LIFELONG LEARNING. 32773314 STUDENT SERVICES:ENGAGING STUDENT LIFE IN A DYNAMIC AND DIVERSE COMMUNITY THAT GIVES STUDENTS THE OPPORTUNITY TO BE REAL WITH THEMSELVES AND EACH OTHER WHILE PROVIDING OPPORTUNITIES FOR SPIRITUAL FAITH DEVELOPMENT THROUGH SERVICE AND LEARNING. 20509764 22981704 AUXILIARY ENTERPRISES:PROVIDES STUDENTS WITH THE ENGAGING ON-CAMPUS LIPSCOMB EXPERIENCE. STUDENTS WHO LIVE ON CAMPUS TYPICALLY EXPERIENCE A STRONG SENSE OF POSITIVE COMMUNITY. 19621113 ACADEMIC SUPPORT:INCLUDES ACADEMIC COUNSELING & TESTING SERVICES, ACADEMIC PROGRAM DEVELOPMENT, UNIVERSITY DEANS, INSTRUCTIONAL TECHNOLOGY, LIBRARY SERVICES, AND OTHER AREAS DESIGNED TO ENHANCE A STUDENT'S LEARNING EXPERIENCE AND THE OVERALL QUALITY OF A STUDENT'S EDUCATION. 1263679 PUBLIC SERVICES:INCLUDES COMMUNITY OUTREACH ACTIVITIES, SPIRITUAL FORMATION ACTIVITIES, AND SUSTAINABILITY WHERE LIPSCOMB CAN POSITIVELY IMPACT COMMUNITIES AND THE ENVIRONMENT. RESEARCH:INCLUDES POTENTIAL DISCOVERIES OF NEW OUTCOMES WITH A GOAL OF ADVANCING PROGRESS BOTH INSTITUTIONALLY AND GLOBALLY. 20884792 199128787 1 1 0 1 0 0 0 0 0 1 1 1 0 0 1 1 1 0 1 1 1 0 0 1 1 0 0 1 1 1 1 0 0 0 0 0 0 0 1 1 1 1 0 0 0 1 0 0 0 0 1 7519 0 1 2690 1 1 1 1 IT 0 0 0 1 0 0 0 0 0 0 0 X 27 26 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 TN X JEFFREY BAUGHN SVP FOR FINANCE & TECHNOLOGY 6159667650 ONE UNIVERSITY PARK DRIVE NASHVILLE TN 37204 MICHAEL F ADAMS TRUSTEE 1.00 X 0 0 0 BUDDY BELL TRUSTEE 1.00 X 0 0 0 ERNIE CLEVENGER TRUSTEE 1.00 X 0 0 0 RICHARD G COWART TRUSTEE 1.00 X 0 0 0 DIANE CREEL TRUSTEE 1.00 X 0 0 0 MORGAN W DAVIS TRUSTEE 1.00 X 0 0 0 MITCH EDGEWORTH TRUSTEE 1.00 X 0 0 0 JAMES GRIFFITH TRUSTEE 1.00 X 0 0 0 BART HARPER TRUSTEE 1.00 X 0 0 0 BENNIE HARRIS TRUSTEE 1.00 X 0 0 0 VAN HENLEY TRUSTEE 1.00 X 0 0 0 TOM INGRAM TRUSTEE 1.00 X 0 0 0 MARTY KITTRELL TRUSTEE 1.00 X 0 0 0 TERRY KOONCE TRUSTEE 1.00 X 0 0 0 MARK LANIER TRUSTEE 1.00 X 0 0 0 JOHN LITTLE TRUSTEE 1.00 X 0 0 0 BILLY LONG TRUSTEE 1.00 X 0 0 0 LISA PIERCEY TRUSTEE 1.00 X 0 0 0 GERALD COGGIN TRUSTEE 1.00 X 0 0 0 VICKI SENSING SMITH TRUSTEE 1.00 X 0 0 0 DAVID L SOLOMON TRUSTEE 1.00 X 0 0 0 NEIKA B STEPHENS TRUSTEE 1.00 X 0 0 0 SHANE HOOPER TRUSTEE 1.00 X 0 0 0 JEFF MCGRUDER TRUSTEE 1.00 X 0 0 0 SUE NOKES TRUSTEE 1.00 X 0 0 0 PHILIP M PFEFFER TRUSTEE 1.00 X 0 0 0 CANDICE MCQUEEN PRESIDENT 40.00 X 680508 0 13707 JEFFREY BAUGHN SR V.P. OF FIN & TECH 40.00 X 208214 0 27013 LINDSAY BALES CHIEF OF STAFF 40.00 X 80615 0 12622 KIM CHAUDOIN VP OF PR & COMMUNICATION 40.00 X 119128 0 5352 KEITH HINKLE SENIOR VICE PRESIDENT 40.00 X 99119 0 8287 HOPE NORDSTROM SPEC COUNS TO PRES-STRATE 40.00 X 143631 0 18877 MATT PADEN EXECUTIVE VICE PRESIDENT 40.00 X 211897 0 28333 BRAD SCHULTZ HEAD OF SCHOOL 40.00 X 279291 0 29334 JENNIFER SHEWMAKER PROVOST 40.00 X 95948 0 6094 WILLIAM TURNER DISTINGUISHED PROFESSOR 40.00 X 136067 0 23115 DAVID WILSON GENERAL COUNSEL 40.00 X 164401 0 28005 DAVE BRUNO VICE PRESIDENT OF MKTG 40.00 X 127711 0 21997 BRENT CULBERSON VP OF COMMUNITY RELATIONS 40.00 X 100254 0 17717 JEFFREY DALE CHIEF OF CAMPUS SECURITY 40.00 X 0 0 0 DARRELL DUNCAN VICE PRESIDENT OF FINANCE 40.00 X 151344 0 35657 KEVIN EIDSON DIR OF HEALTH & WELLNESS 40.00 X 162234 0 21502 BRETT HINSON V. P. OF INFORMATION TECH 40.00 X 170049 0 21345 CHRISTY HOOPER V. P. OF HUMAN RESOURCES 40.00 X 174995 0 27948 PHIL HUTCHESON DIRECTOR OF ATHLETICS 40.00 X 250791 0 32413 BYRON LEWIS V. P. OF ENRL MANAGEMENT 40.00 X 141800 0 22834 SCOTT SAGER V. P. OF CHURCH SERVICES 40.00 X 84045 0 23045 STEVEN JOINER EXECUTIVE DIRECTOR ICM 40.00 X 147877 0 24089 RANDY R LOWRY III PRESIDENT EMERITUS 40.00 X 410728 0 117437 QUINCY BYRDSONG V. PROVOST OF HEALTH AFFR 40.00 X 244780 0 22306 CHARLES R ELDRIDGE DEAN OF COLLEGE OF BUS 40.00 X 222115 0 10442 PARKER ELROD DEAN, COLLEGE OF ENGIN 40.00 X 205267 0 9698 R MICHAEL FERNANDEZ DEAN COLLEGE OF ENT & ART 40.00 X 210591 0 25602 DAVID HOLMES DEAN, LIB ARTS & SCIENCES 40.00 X 155584 0 25136 CHARLES ACUFF COACH 40.00 X 339006 0 29885 THOMAS CAMPBELL DEAN, COLLEGE OF PHARMACY 40.00 X 230047 0 27752 WATLER BLEDSOE SPECIAL ADVISOR 40.00 X 209490 0 9460 JEFFREY FOREHAND COACH 40.00 X 201355 0 24570 ROBERT YOUNG ASSISTANT PROFESSOR 40.00 X 170274 0 27457 6329156 0 779031 159 0 1 0 SODEXO INC AND AFFILIATES PO BOX 360170 PITTSBURGH PA 152516170 FOOD SERVICE 5618900 INSIGHT INVESTMENTS LLC 611 ANTON BLVD STE 700 COSTA MESA CA 92626 TECHONOLOGY 2268552 CASE RESTORATION CO 1115 POLK AVE NASHVILLE TN 37210 CONSTRUCTION 2096039 FIRST AMERICAN EQUIPMENT FINANCE 1801 W OLYPMIC BLVD PASADENA CA 911990001 FINANCIAL SERVICES 1589300 SLINGSHOT LP 1500 S WESTERN AVE MARION IN 46593 ACADEMIC SERVICES 1570162 92 70558 1903062 13958439 2354985 15932059 TUITION AND FEES 611710 171206285 171206285 AUXILIARY REVENUE 611710 22981704 22981704 MISCELLANEOUS INCOME 611710 8867342 9186083 -318741 203055331 1954028 4433 1949595 407 407 2702336 1181860 1520476 1520476 -427641 1948117 92702733 6191178 89698555 3460995 3004178 2730183 5734361 99033 5635328 55908 70558 44615 11293 11293 228207955 203374072 -642509 9544333 49227 49227 57654502 57654502 4514899 4514899 71932490 63153972 6899680 1878838 1983747 1696209 237999 49539 7017682 5856593 942365 218724 5399229 4398699 866690 133840 188044 19269 168499 276 130420 130420 380367 380367 3432225 2400114 822026 210085 1481925 624125 842432 15368 11105213 8141534 2611158 352521 2755770 1094106 1551529 110135 3439339 3278069 161270 7520577 6672916 734963 112698 453609 414393 33879 5337 9406602 7562615 1843987 13251835 10098564 3153271 10392503 7095611 3091614 205278 UBTI TAX 8334 8334 PLANT OPERATIONS 10090549 7010981 3079568 FOOD SERVICE 5315030 5315030 MISCELLANEOUS 2971585 2907589 58856 5140 4700256 3684669 881197 134390 235575959 199128787 33015003 3432169 10943353 1581395 25041404 22038060 14545540 11245963 3943437 1608904 1907117 443089775 153684254 288670911 289405521 477848 443983 108849897 106544180 33918553 17989973 484056410 455099629 18317970 17621430 11655138 10954388 202541377 200875428 1500000 1828843 35446284 20486429 269460769 251766518 X 89200529 86602020 125395112 116731091 214595641 203333111 484056410 455099629 X -7368004 -3191930 -702596 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 0 0 0 0 1 50250 0 0 50250 0 SCHEDULE C, PART II-B LIPSCOMB UNIVERSITY EMPLOYS ONE INDIVIDUAL WHOSE POSITION INCLUDES MEETING AND CORRESPONDING WITH THE STATE REPRESENTATIVES TO ADVOCATE FOR INCREASED FUNDING FOR THE ORGANIZATION IN THE STATE BUDGET. THE EMPLOYEE ALSO MEETS AND CORRESPONDS WITH LOCAL GOVERNMENT OFFICIALS TO INFLUENCE AGENDAS THAT ARE IMPORTANT TO THE UNIVERSITY. X X X 102543918 1875695 343992 2725825 1475449 100562331 104008185 3071481 -1154016 2581732 800000 102543918 79700345 4637787 23242094 2721480 850561 104008185 82027830 1116854 1794871 2966158 2273052 79700345 85036837 3464849 -584504 2762404 3126948 82027830 0.17137 0.82863 0 0 27685374 367080375 136556924 258208825 46040190 17127330 28912860 2283836 2283836 289405521 INVESTMENTS - SHORT TERM/MUTUAL FUNDS 67408019 F INVESTMENTS - LIMITED PARTNERSHIP INTERESTS 29937587 F INVESTMENTS - COMMON TRUST FUNDS 9198574 F 106544180 ACCRUED PENSION BENEFIT LIABILITY 593196 ACCRUED POSTRETIREMENT BENEFIT OBLIGATION 5000441 FEDERAL STUDENT LOANS REFUNDABLE 16513 OPERATING LEASE LIABILITIES 2330485 FINANCE LEASE LIABILITIES 12545794 20486429 X 165946388 -3191930 1068933 -2122997 168069385 380367 59758203 60138570 228207955 177208918 793059 793059 176415859 59160100 59160100 235575959 PART V, LINE 4: THE ENDOWMENT FUNDS ARE USED TO PROVIDE FUNDS FOR PROFESSORSHIPS, CHAIRS AND SCHOLARSHIPS FOR STUDENTS AND GENERAL SUPPORT FOR OPERATIONS. PART X, LINE 2: THE UNIVERSITY IS EXEMPT FROM FEDERAL INCOME TAXES UNDER THE PROVISIONS OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED, AND, ACCORDINGLY, NO PROVISION FOR INCOME TAXES IS INCLUDED IN THE CONSOLIDATED FINANCIAL STATEMENTS. THE UNIVERSITY RECOGNIZES THE TAX BENEFIT ASSOCIATED WITH A TAX POSITION TAKEN FOR TAX RETURN PURPOSES WHEN IT IS MORE LIKELY THAN NOT THE POSITION WILL BE SUSTAINED. THE UNIVERSITY DOES NOT BELIEVE THERE ARE ANY MATERIAL UNCERTAIN TAX POSITIONS THAT QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE CONSOLIDATED FINANCIAL STATEMENTS. IT IS THE UNIVERSITY'S POLICY TO RECOGNIZE INTEREST AND/OR PENALTIES RELATED TO INCOME TAX MATTERS IN INCOME TAX EXPENSE. AS OF MAY 31, 2023 AND 2022, THE UNIVERSITY HAD ACCRUED NO INTEREST OR PENALTIES RELATED TO UNCERTAIN TAX POSITIONS. THE UNIVERSITY IS GENERALLY SUBJECT TO U.S. FEDERAL AND TENNESSEE TAX EXAMINATION FOR THREE YEARS FROM THE DATE THE RETURN WAS FILED. PART XI, LINE 2D - OTHER ADJUSTMENTS: UNREALIZED CHANGE IN CASH VALUE LIFE INS -131,772. ADJ OF ACTUARIAL LIABILITY FOR ANNUITIES PAYABLE 205,277. FUNDRAISING EXPENSE ACCOUNTS NETTED WITH MISCELLANEOUS REVENUE ON F/S 20,954. RENTAL EXP. NETTED W/ 990 REVENUE 754,219. CHANGE IN POST RETIREMENT BENEFIT OBLIGATION 220,255. PART XI, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID NETTED WITH REVENUE ON F/S 57,634,292. CHANGE IN DEFINED BENEFIT RETIREMENT PLAN OBLIGATION 189,946. ADJUSTMENT OF RETIRMENT PLAN MINIMUM CONTRIBUTION 40,749. ADJUSTMENT OF RETIREMENT PLAN CONTRIBUTION EXPENSE 693,258. INVESTMENT INC INCLUDE IN EXP ON F/S AND RECLASSED TO INCOME FOR TAX RETURN 307,325. EXPENSES NETTED WITH MISCELLANEOUS REVENUE ON F/S 54,519. GAIN ON FIXED ASSET DISPOSAL 838,112. ROUNDING 2. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXP INCLUDE IN EXP ON F/S AND RECLASSED TO INCOME FOR TAX RETURN 754,219. FUNDRAISING EXPENSE ACCOUNTS NETTED WITH MISCELLANEOUS REVENUE ON F/S 20,954. PROGRAM EXPENSES NETTED WITH MISCELLANEOUS REVENUE ON F/S 17,886. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID NETTED WITH REVENUE ON F/S 57,634,292. INVESTMENT INC INCLUDE IN EXP ON F/S AND RECLASSED TO INCOME FOR TAX RETURN 307,325. GAIN ON FIXED ASSET DISPOSAL 838,112. INVESTMENT FEES NETTED WITH INCOME ON FINANCIAL STATEMENTS 380,367. ROUNDING 4. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 LIPSCOMB UNIVERSITY PUBLISHES ITS NOTICE OF NONDISCRIMINATORY POLICY" IN BROCHURES, STUDENT HANDBOOKS, CATALOGS, ON THEIR WEBSITE AS WELL AS THEIR JOB POSTING ADS. SCHEDULE E, PART I, LINE 6 GOVERNMENT GRANTS TOTALED $1,903,062 FOR PERIOD ENDING MAY 31, 2023. EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM 3 9 PROGRAM SERVICES GLOBAL INSTRUCTION 726132 CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, 1 3 PROGRAM SERVICES GLOBAL INSTRUCTION 85805 EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM 3 1 PROGRAM SERVICES ARCHEOLOGICAL DIG 44120 MIDDLE EAST AND NORTH AFRICA 0 3 PROGRAM SERVICES ARCHEOLOGICAL DIG 94298 RUSSIA AND NEIGHBORING STATES 0 1 PROGRAM SERVICES ARCHEOLOGICAL DIG 2323 SUB-SAHARAN AFRICA 0 1 PROGRAM SERVICES ARCHEOLOGICAL DIG 22102 7 18 0 0 7 18 974780 0 974780 0 0 0 0 0 0 PART III ACCOUNTING METHOD: X 0 AL AK AZ AR CA CO CT DE FL GA HI ID IL IN IA KS KY LA ME MD MA MI MN MS MO MT NE NV NH NJ NM NY NC ND OH OK OR PA RI SC SD TN TX UT VT VA WA WV WI WY BASEBALL GOLF TOURNAMENT 39380 29660 9720 17583 UNIVERSITY GOLF SCRAMBLE 29625 12285 17340 19150 3 57461 28613 28848 7882 126466 70558 55908 44615 44615 11293 1 BEST BUDDIES OF NASHVILLE 1585 MALLORY LANE BRENTWOOD TN 37027 521614576 501(C)3 10802 0 IMPACT DONATION TO BEST BUDDIES OF NASHVILLE NASHVILLE PUBLIC EDUCATION FOUNDATION 2400 FAIRFAX AVE NASHVILLE TN 37212 481266315 501(C)3 25000 0 2022 HALL OF FAME LEADER AWARD SCHOLARSHIPS 6705 57654502 FMV NONE PART I, LINE 2: LIPSCOMB UNIVERSITY HAS AN ANNUAL AUDIT OF ITS FINANCIAL STATEMENTS AND AN ANNUAL AUDIT OF ITS FINANCIAL AID AWARDING PROCESS. IN ADDITION, FINANCIAL AID COUNSELORS ATTEND CONFERENCES AND TRAINING SESSIONS ON FINANCIAL AID AWARDING POLICIES, PROCEDURES, AND CONTROLS. X X X X X X X 1 1 X X X X X 0 0 0 0 0 0 0 0 0 CANDICE MCQUEEN PRESIDENT 631108 0 0 0 49400 0 13617 0 90 0 694215 0 0 0 RANDY R LOWRY III PRESIDENT EMERITUS 363065 0 22780 0 24883 0 9818 0 107619 0 528165 0 0 0 CHARLES ACUFF COACH 316802 0 0 0 22204 0 14744 0 15141 0 368891 0 0 0 BRAD SCHULTZ HEAD OF SCHOOL 246008 0 0 0 33283 0 12833 0 16501 0 308625 0 0 0 PHIL HUTCHESON DIRECTOR OF ATHLETICS 215391 0 0 0 35400 0 11091 0 21322 0 283204 0 0 0 QUINCY BYRDSONG V. PROVOST OF HEALTH AFFR 244780 0 0 0 0 0 0 0 22306 0 267086 0 0 0 THOMAS CAMPBELL DEAN, COLLEGE OF PHARMACY 206393 0 0 0 23654 0 10856 0 16896 0 257799 0 0 0 MATT PADEN EXECUTIVE VICE PRESIDENT 202330 0 0 0 9567 0 9305 0 19028 0 240230 0 0 0 R MICHAEL FERNANDEZ DEAN COLLEGE OF ENT & ART 202514 0 0 0 8077 0 8285 0 17317 0 236193 0 0 0 JEFFREY BAUGHN SR V.P. OF FIN & TECH 189554 0 0 0 18660 0 9491 0 17522 0 235227 0 0 0 CHARLES R ELDRIDGE DEAN OF COLLEGE OF BUS 202298 0 0 0 19817 0 9813 0 629 0 232557 0 0 0 JEFFREY FOREHAND COACH 188325 0 0 0 13030 0 5417 0 19153 0 225925 0 0 0 WATLER BLEDSOE SPECIAL ADVISOR 179086 0 0 0 30404 0 9182 0 278 0 218950 0 0 0 PARKER ELROD DEAN, COLLEGE OF ENGIN 178267 0 0 0 27000 0 9469 0 229 0 214965 0 0 0 CHRISTY HOOPER V. P. OF HUMAN RESOURCES 149140 0 0 0 25855 0 7727 0 20221 0 202943 0 0 0 ROBERT YOUNG ASSISTANT PROFESSOR 160385 0 0 0 9889 0 8304 0 19153 0 197731 0 0 0 DAVID WILSON GENERAL COUNSEL 136146 0 0 0 28255 0 7784 0 20221 0 192406 0 0 0 BRETT HINSON V. P. OF INFORMATION TECH 154088 0 0 0 15961 0 7681 0 13664 0 191394 0 0 0 DARRELL DUNCAN VICE PRESIDENT OF FINANCE 142595 0 0 0 8749 0 22436 0 13221 0 187001 0 0 0 KEVIN EIDSON DIR OF HEALTH & WELLNESS 156234 0 0 0 6000 0 0 0 21502 0 183736 0 0 0 DAVID HOLMES DEAN, LIB ARTS & SCIENCES 144807 0 0 0 10777 0 7124 0 18012 0 180720 0 0 0 STEVEN JOINER EXECUTIVE DIRECTOR ICM 98195 0 0 0 49682 0 7192 0 16897 0 171966 0 0 0 BYRON LEWIS V. P. OF ENRL MANAGEMENT 131689 0 0 0 10111 0 3849 0 18985 0 164634 0 0 0 HOPE NORDSTROM SPEC COUNS TO PRES-STRATE 136455 0 0 0 7176 0 4734 0 14143 0 162508 0 0 0 WILLIAM TURNER DISTINGUISHED PROFESSOR 118244 0 0 0 17823 0 6218 0 16897 0 159182 0 0 0 A LIPSCOMB UNIVERSITY 620485733 592041WB9 2016-02-24 62650000 SERIES 2016 A BONDS 0 0 0 B THE HEALTH AND EDUCATION BOARD OF THE METROPOLITAN GOVERNMENT OF NASHVILLE 626139016 2019-04-03 110000000 SERIES 2019 A BONDS 0 0 0 C THE HEALTH AND EDUCATION BOARD OF THE METROPOLITAN GOVERNMENT OF NASHVILLE 626139016 2019-04-03 20000000 SERIES 2019 B BONDS 0 0 0 A 62650000 849292 1 0 1 1 B 110000000 1075698 0 0 0 1 C 20000000 194562 0 0 0 0 A 0 0 0 0 0 0 1 B 0 0 0 0 0 0 1 C 0 0 0 0 0 0 1 A 0 0 0 1 0 0 0 0 1 B 0 0 0 1 0 0 0 0 1 C 0 0 0 1 0 0 0 0 1 A 1 B 0 C 0 RHONDA LOWRY PRESIDENT'S SPOUSE 66440 UNIVERSITY EMPLOYEE 0 JOHN LOWRY PRESIDENT'S SON 188700 UNIVERSITY EMPLOYEE 0 MELISSA LOWRY PRESIDENT'S DAUGHTER-IN-LAW 56475 UNIVERSITY EMPLOYEE 0 DAVID SOLOMON BOARD MEMBER 13912 RENTAL REAL PROPERTY 0 HARRIETTE SHIVERS EX-BOARD MEMBER 50644 RENTAL REAL PROPERTY 0 X 1 4500 FAIR MARKET VALUE X 1200 FAIR MARKET VALUE X 4147 1344027 FMV AT DATE OF SALE X 1 970000 FAIR MARKET VALUE X EXPENSES PAID & SERVICES 9 26168 COST X OTHER GOODS (FRABRIC, SPORTING GOODS, CLASSROOM SUPPLIES) 50 9090 COST 0 1 0 FORM 990, PART VI, SECTION A, LINE 2 UNIVERSITY PRESIDENT RANDY LOWRY IS THE FATHER OF JOHN LOWRY VICE PRESIDENT FOR COMMUNITY & GOVERNMENT RELATIONS. FORM 990, PART VI, SECTION B, LINE 11B BOARD DELEGATES THIS RESPONSIBILITY TO THE AUDIT COMMITTEE OF THE BOARD. ONCE THE AUDIT COMMITTEE HAS APPROVED FORM 990, IT IS POSTED ON THE LIPSCOMB TRUSTEE WEBSITE PRIOR TO BEING FILED. FORM 990, PART VI, SECTION B, LINE 12C RELATED PARTY CONFIRMATIONS ARE REVIEWED AND FOLLOWED UP BY THE SENIOR VICE PRESIDENT FOR FINANCE AND ADMINISTRATION, AS WELL AS THE UNIVERSITY'S INDEPENDENT ACCOUNTING FIRM, LBMC, ON AN ANNUAL BASIS. ALSO, THE AUDIT COMMITTEE OF THE BOARD REVIEWS RELATED PARTY RELATIONSHIPS. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD SETS THE PRESIDENT'S SALARY ANNUALLY BASED ON HIS CONTRACT. HIS INITIAL COMPENSATION WAS ESTABLISHED BASED ON A REVIEW OF MARKET DATA AND THE NEGOTIATION PROCESS. THIS SAME PROCESS OCCURS WITH OTHER OFFICERS AND KEY EMPLOYEES. SALARY POOL INCREASES ARE ALSO A COMPENENT OF ANNUAL COMPENSATION BASED ON APPROVED BUDGET FUNDING. FORM 990, PART VI, SECTION C, LINE 18 THE UNIVERSITY MAKES ITS FORM 990 AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART VI, SECTION C, LINE 19 THE UNIVERSITY MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: UNREALIZED - CHANGE IN CASH VALUE OF LIFE INSURANCE -131,772. CHANGE IN POSTRETIREMENT BENEFIT OBLIGATION 220,255. ADJUSTMENTS OF ACTUARIAL LIABILITY FOR ANNUITIES PAYABLE 205,277. CHANGE IN DEFINED BENEFIT RETIREMENT PLAN OBLIGATION -189,946. ADJUSTMENT FOR RETIREMENT PLAN MINIMUM CONTRIBUTION -40,749. ADJUSTMENT FOR RETIREMENT INCENTIVE PLAN EXPENSE -693,258. ROUNDING 1. AUDIT TO TAX RECONCILIATION OF INCOME -72,404. FORM 990, PART XIII, LINE 2C THE PROCESS HAS NOT CHANGED SINCE PRIOR YEAR. LIPSCOMB-FLORENCE LLC 1 UNIVERSITY PARK DRIVE NASHVILLE TN 37204 HOLD REAL ESTATE TN LIPSCOMB UNIVERSITY SE MUSIC STUDIO LLC 3100 BELMONT BLVD NASHVILLE TN 37212 MUSIC STUDIO TN -291856 414688 LIPSCOMB UNIVERSITY INSTITUTE FOR CHRISTIAN STUDIES 7640 GUADALUPE ST AUSTIN TX 78752 SEMINARY SCHOOL TX LIPSCOMB UNIVERSITY