2023-02-16T10:05:49-06:00 2022-06-30 611191655 STROTHMAN & COMPANY PSC 325 W MAIN ST SUITE 1600 LOUISVILLE KY 402024251 990 2021-07-01 610444763 LINDSEY WILSON COLLEGE LIND 2703848100 210 LINDSEY WILSON STREET COLUMBIA KY 42728 MARK COLEMAN VP OF ADMIN AND FINANCE 2703848100 2023-02-06 1 MARK COLEMAN 999009999 WILLIAM G MEYER III P00171030 5025851600 2023-02-06 3 AAL1 IAL1 2021 2023-03-07 01:45:13Z WILLIAM T LUCKEY JR 210 LINDSEY WILSON STREET COLUMBIA KY 42728 79441499 0 X WWW.LINDSEY.EDU X 1952 KY THE MISSION OF LINDSEY WILSON COLLEGE IS TO SERVE THE EDUCATIONAL NEEDS OF STUDENTS BY PROVIDING A LIVING-LEARNING ENVIRONMENT WITHIN AN ATMOSPHERE OF ACTIVE CARING AND CHRISTIAN CONCERN WHERE EVERY STUDENT, EVERY DAY, LEARNS AND GROWS AND FEELS LIKE A REAL HUMAN BEING. 35 32 1025 35 422417 0 13256660 11608917 60571691 58719478 1740271 2136355 343275 488730 75911897 72953480 30086473 30122087 0 0 24086544 23740593 0 0 461219 13393965 14991820 67566982 68854500 8344915 4098980 105712376 101981952 27158367 26147037 78554009 75834915 THE MISSION OF LINDSEY WILSON COLLEGE IS TO SERVE THE EDUCATIONAL NEEDS OF STUDENTS BY PROVIDING A LIVING-LEARNING ENVIRONMENT WITHIN AN ATMOSPHERE OF ACTIVE CARING AND CHRISTIAN CONCERN WHERE EVERY STUDENT, EVERY DAY, LEARNS AND GROWS AND FEELS LIKE A REAL HUMAN BEING. 0 0 63740599 30122087 58785791 HIGHER EDUCATION: 2,607 FULL AND PART TIME STUDENTS ENROLLED IN UNDERGRADUATE AND GRADUATE CLASSES: 702 DEGREES BESTOWED IN THE ACADEMIC YEAR. 63740599 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 0 1 1 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 1 0 1 0 0 1 0 0 0 0 1 1 0 0 0 1 66 0 1 1025 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 X 35 32 1 0 0 0 0 0 0 1 1 0 1 1 0 1 0 1 1 1 0 0 0 KY X MARK COLEMAN 2703848040 210 LINDSEY WILSON STREET COLUMBIA KY 42728 DR WILLIAM T LUCKEY JR PRESIDENT 40.00 X X 378232 0 54909 DR PATRICIA PARRISH VP FOR ACADEMIC AFFAIRS 40.00 X 151595 0 18561 MR MARK COLEMAN VP FOR ADMINISTRATION AND 40.00 X 143713 0 18313 DR LENDELL DEAN ADAMS VP FOR STUDENTS SERVICES 40.00 X 150000 0 9047 MR KEVIN THOMPSON VP FOR DEVELOPMENT 40.00 X 111105 0 16533 DR GREG PHELPS FACULTY REPRESENTATIVE 40.00 X 45056 0 13314 DR ALLAN PARNELL CHAIRMAN 1.00 X X 0 0 0 MR S ODEN HOWELL JR VICE-CHAIRMAN 1.00 X X 0 0 0 MR DANNY PYLES SECRETARY 1.00 X X 0 0 0 MR BJ BURNETT BOARD MEMBER 1.00 X 0 0 0 MRS CARRIE L FARRIS BOARD MEMBER 1.00 X 0 0 0 MR JAMES R FUGITTE BOARD MEMBER 1.00 X 0 0 0 DR JOHN HATTON BOARD MEMBER 1.00 X 0 0 0 MS LINDA KING BOARD MEMBER 1.00 X 0 0 0 DR TODD B LOVE BOARD MEMBER 1.00 X 0 0 0 MRS AMANDA G MAIN BOARD MEMBER 1.00 X 0 0 0 MR CECIL MARTIN BOARD MEMBER 1.00 X 0 0 0 DR CLARENDA PHILLIPS BOARD MEMBER 1.00 X 0 0 0 MR RAYMOND SMITH BOARD MEMBER 1.00 X 0 0 0 MR DAN ANTLE BOARD MEMBER 1.00 X 0 0 0 MR CHRISTOPHER ESTES BOARD MEMBER 1.00 X 0 0 0 MR C CLEVELAND GAMBILL BOARD MEMBER 1.00 X 0 0 0 DR ROBERT GOODIN BOARD MEMBER 1.00 X 0 0 0 DR JENEAN HAMPTON BOARD MEMBER 1.00 X 0 0 0 DR BRUCE HARRIS BOARD MEMBER 1.00 X 0 0 0 DR CAROL MARRA BOARD MEMBER 1.00 X 0 0 0 MR ANDREW SKIPPER MARTIN BOARD MEMBER 1.00 X 0 0 0 DR KENDRICK MCCANDLESS BOARD MEMBER 1.00 X 0 0 0 DR JERRY MCCANDLESS BOARD MEMBER 1.00 X 0 0 0 MR TROY MIZELL BOARD MEMBER 1.00 X 0 0 0 MR DAVID PERRY BOARD MEMBER 1.00 X 0 0 0 DR JAMES J PIKE BOARD MEMBER 1.00 X 0 0 0 MR DANNY RIGNEY BOARD MEMBER 1.00 X 0 0 0 MR J BRIAN SHIRLEY BOARD MEMBER 1.00 X 0 0 0 DR CAL TURNER JR BOARD MEMBER 1.00 X 0 0 0 MR LEONARD FAIRLEY BOARD MEMBER 1.00 X 0 0 0 DR JOHN BEGLEY BOARD MEMBER 1.00 X 0 0 0 EVAN SMILEY SGA REPRESENTATIVE 1.00 X 0 0 0 REV JANET CARDEN BOARD MEMBER 1.00 X 0 0 0 979701 0 130677 5 0 1 0 MALACHI GLOBAL PATHWAY GROUP INC 632 LOOKOUT ROAD 11362 ZEPHYR COVER NV 89448 RECRUITING 843150 SYSCOLOUISVILLE FOOD SERVICE PO BOX 32470 LOUISVILLE KY 40232 FOOD SERVICES 763792 ELLUCIAN COMPANY LP 62578 COLLECTIONS CENTER DR CHICAGO IL 60693 TECHNOLOGY 364424 ALPHA MECHANICAL SERVICE INC 7200 DISTRIBUTION DR LOUISVILLE KY 40258 MECHANICAL SERVICES 263745 ORI ACQUISTION INC DBA OFFICE RESOURCES 12600 PLANTSIDE DR LOUISVILLE KY 40299 FURNITURE 231778 17 7156516 4452401 31381 11608917 TUITION AND FEES 611310 48493572 48493572 ROOM AND BOARD 611310 8501024 8501024 BOOK STORE AND ANCILLARY SERVICES 611310 1724882 1302465 422417 58719478 755479 755479 7749069 119826 6488019 0 1261050 119826 1380876 1380876 OTHER REVENUE 611310 387888 387888 RECOVERY OF BAD DEBT 900099 100842 100842 488730 72953480 58785791 422417 2136355 30122087 30122087 1110376 387572 595166 127638 18166858 16564380 1456425 146053 581660 559737 17436 4487 2537108 2323763 189746 23599 1344591 1219842 107172 17577 24794 24794 53000 53000 160724 160724 291936 219199 22271 50466 438643 375969 57537 5137 599984 245400 354584 2560251 2429387 130864 1301557 1266243 27429 7885 17006 16824 182 840463 744708 95755 2513704 2446804 61494 5406 666143 573190 89112 3841 ALL OTHER EXPENSES 3257683 2373381 815172 69130 FOOD SERVICE 940553 940553 SUPPLIES 857469 853747 3722 BAD DEBT 361008 361008 106902 77813 29089 68854500 63740599 4652682 461219 12581896 12196850 0 997162 1117922 2305026 680079 719570 304907 275270 107377 179703 97778429 48047988 49862647 49730441 37082658 32183956 2343384 2019304 1631506 1374670 105712376 101981952 2393288 2327558 2614785 2901701 19660000 17860000 0 175694 2490294 2882084 27158367 26147037 X 45996188 46134429 32557821 29700486 78554009 75834915 105712376 101981952 X 4098980 -6554042 -264032 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 37179682 1529090 -4723223 1223685 32761864 27982018 610824 9840565 1253725 37179682 27613291 499423 1012537 1143233 27982018 25849431 412957 2528883 1177980 27613291 24272687 378235 1991583 793074 25849431 0.18754 0.48925 0.32321 1 0 6071134 6071134 73126843 32394709 40732134 14977324 13072925 1904399 3603128 2580354 1022774 49730441 ANNUITIES PAYABLE 116589 OTHER LIABILITIES 332483 ADVANCES FROM FEDERAL GOVERNMENT FOR STUDENT LOANS 201742 LEASE LIABILITY - OPERATING 1357261 BOND PREMIUM NET OF AMORTIZATION 874009 2882084 X 39134995 -6554042 -264032 -6818074 45953069 160724 26839687 27000411 72953480 41854089 0 41854089 160724 26839687 27000411 68854500 PART X, LINE 2: THE COLLEGE IS A NONPROFIT ORGANIZATIONS AS DEFINED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND ARE EXEMPT FROM FEDERAL AND STATE INCOME TAXES. NO PROVISION FOR INCOME TAXES HAS BEEN MADE IN THE ACCOMPANYING CONSOLIDATED FINANCIAL STATEMENTS. THE COLLEGE HAS HAD UNRELATED BUSINESS REVENUES, BUT NO NET PROFIT WAS DERIVED FOR THE YEARS ENDED JUNE 30, 2022 AND 2021. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN VALUE OF INTEREST IN BENEFICIAL TRUST HELD BY OTHERS -264,032. PART XI, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS GRANTED 26,839,687. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS GRANTED 26,839,687. SCHEDULE D, PART V, LINE 4 FUNDS PROVIDED BY THE COLLEGE FOR STUDENT ACADEMIC AND ATHLETIC SCHOLARSHIPS. 1 1 0 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 THE NON-DISCRIMINATION POLICY IS REFERENCED IN PRINT MATERIALS FROM ADMISSIONS AND IN THE COLLEGE CATALOG WHICH IS AVAILABLE ON THE COLLEGE WEBSITE. LINE 6 - EXPLANATION OF GOVERNMENT FINANCIAL AID: LINDSEY WILSON COLLEGE RECEIVES FEDERAL STUDENT AID FUNDS FROM THE TITLE IV PROGRAM (PELL GRANTS, SEOG, DIRECT LOANS, FEDERAL WORK STUDY AND TEACH GRANTS), THE DEPARTMENT OF VETERAN AFFAIRS (VOC REHAB, POST 9/11), AMERICORPS, DEPARTMENT OF LABOR (WIA DISLOCATED WORKERS), AND STATE VOC REHAB. IN FISCAL YEAR 2022, FOR RELIEF FROM THE EFFECTS OF COVID-19, LINDSEY WILSON COLLEGE RECEIVED EDUCATION STABILIZATION FUNDS UNDER THE ARP ACT. 1 TUITION ASSISTANCE 1497 26839687 CASH VALUE AID TO STUDENTS UNDER THE CARES ACT 1962 3282400 CASH VALUE PART I, LINE 2: THE COLLEGE RECONCILES GRANTS AWARDED AND DRAWDOWNS OF FUNDS. GRANT PROGRAMS ARE AUDITED BY INDEPENDENT AUDITORS DURING THE ANNUAL INDEPENDENT AUDIT. X X 1 1 X X X X 0 0 0 0 0 0 0 0 0 DR WILLIAM T LUCKEY JR PRESIDENT 378232 0 0 0 0 0 33750 0 21159 0 433141 0 0 0 DR PATRICIA PARRISH VP FOR ACADEMIC AFFAIRS 151595 0 0 0 0 0 8498 0 10063 0 170156 0 0 0 MR MARK COLEMAN VP FOR ADMINISTRATION AND 143713 0 0 0 0 0 8250 0 10063 0 162026 0 0 0 DR LENDELL DEAN ADAMS VP FOR STUDENTS SERVICES 150000 0 0 0 0 0 8800 0 247 0 159047 0 0 0 PART I, LINE 1A THE PRESIDENT IS REQUIRED TO LIVE ON CAMPUS AND THEREFORE RESIDES IN A HOME PROVIDED FOR HIM. THE HOUSE IS MAINTAINED BY COLLEGE STAFF. A CITY OF COLUMBIA SERIES 2021 197763000 2021-09-07 5170000 PROVIDE FUNDS TO REFUND A PRIOR ISSUE 0 0 0 B CITY OF COLUMBIA SERIES 2019 197763000 2019-06-27 14875000 PROVIDE FUNDS TO REFUND A PRIOR ISSUE 0 0 0 A 5170000 151855 5018145 1 0 1 1 B 2185000 14875000 124000 14751000 1 0 1 1 A 0 0 0 0 0 0 0 B 0 0 0 0 0 0 0 A 0 0 0 0 0 0 0 0 0 B 0 0 0 0 0 0 0 0 0 A 0 B 0 WILLIAM T LUCKEY JR PRESIDENT SUPPLEMENTAL BENEFIT PLAN X 554187 719570 0 1 1 JOHN BEGLEY CHANCELLOR MORTGAGE PAYABLE X 177385 175694 0 1 1 895264 JOHN BEGLEY CHANCELLOR 22688 LEASE OF APARTMENT 0 JOHN BEGLEY CHANCELLOR 307385 PURCHASE OF APARTMENT 0 X 1350 FAIR MARKET VALUE X 2156 FAIR MARKET VALUE X 1 7497 FAIR MARKET VALUE X 8 290217 FAIR MARKET VALUE X 1 4000 FAIR MARKET VALUE X 1 413 FAIR MARKET VALUE X MISCELLANEOUS ITEMS 1 6466 FAIR MARKET VALUE X SERVICE FEES 1 4460 FAIR MARKET VALUE X EQUIPMENT 1 2250 FAIR MARKET VALUE X FURNITURE 1 1400 FAIR MARKET VALUE X BUILDING AND GROUND IMPROVEMENTS 1 750 FAIR MARKET VALUE X MEMBERSHIPS 1 405 FAIR MARKET VALUE X SUPPLIES 1 142 FAIR MARKET VALUE X TRAVEL 1 92 FAIR MARKET VALUE 0 0 0 0 FORM 990, PART VI, SECTION A, LINE 2 DR. JERRY MCCANDLESS AND DR. KENDRICK MCCANDLESS HAVE A FAMILY RELATIONSHIP. FORM 990, PART VI, SECTION B, LINE 11B THE 990 IS REVIEWED BY THE PRESIDENT AND VICE PRESIDENT FOR ADMINISTRATION AND FINANCE BEFORE IT IS FILED. FORM 990, PART VI, SECTION B, LINE 12C BOARD BYLAWS REQUIRE THAT TRUSTEES DISCLOSE ANY POSSIBLE CONFLICT OF INTEREST AND THAT SUCH TRUSTEE SHALL NOT VOTE ON ANY MATTER WHERE THERE IS A POTENTIAL CONFLICT OF INTEREST. IF UNCERTAINTY EXISTS ABOUT WHETHER A TRUSTEE HAS A POTENTIAL CONFLICT, THE BOARD OR COMMITTEE SHALL RESOLVE THE QUESTION BY A MAJORITY VOTE. COLLEGE POLICY REQUIRES EMPLOYEES TO DISCLOSE CONFLICTS OF INTEREST TO THE PRESIDENT OR VICE PRESIDENT FOR ADMINISTRATION AND FINANCE AND AS NEEDED WILL BE REPORTED TO THE AUDIT COMMITTEE OF THE BOARD OF TRUSTEES. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATIONS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENT ARE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF BENEFICIAL INTEREST IN TRUST HELD BY THIRD PARTY -264,032. FORM 990, PART XII, LINE 2C: THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. TURNER FOUNDATION FOR LINDSEY WILSON COLLEGE INC 210 LINDSEY WILSON STREET COLUMBIA KY 42728 621495937 FINANCIAL SUPPORT FOR LINDSEY WILSON COLLEGE KY 501(C)(3) LINE 12A, I LINDSEY WILSON COLLEGE INC 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0