2025-05-14T14:33:24-07:00 2024-06-30 990 2023-07-01 610444825 TRANSYLVANIA UNIVERSITY TRAN 8592338100 300 North Broadway Lexington KY 40508 Jordan Hillard Assistant Controller 8592338100 2025-05-15 1 2023 2025-03-06 01:10:19Z Lisa Custardo 300 North Broadway Lexington KY 40508 74320002 0 X www.transy.edu X 1780 KY Post-secondary education 32 32 857 100 0 0 4299336 7548199 48781963 52535964 12135073 8692312 1275458 3057180 66491830 71833655 24587088 27357591 0 0 23954648 23053139 0 0 1508824 20319220 19402467 68860956 69813197 -2369126 2020458 252651160 264515550 63874687 61261658 188776473 203253892 Post-secondary education 0 0 62205132 0 52535964 Provide undergraduate degree education, curriculum, training, resources and related expenses. 0 0 0 62205132 1 1 0 0 0 0 0 1 0 1 1 0 0 0 1 1 1 1 1 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 129 0 857 1 0 0 0 0 0 0 0 0 X 32 32 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X Lisa Custardo 8592338100 300 North Broadway Lexington KY 40508 William Brien Lewis President 40 1 X 437461 0 47389 S Rebecca Thomas Vice President for Academic Affairs and Dean of the University 40 1 X 196514 0 27820 Shawn Lyons Vice President for Advancement 40 1 X 184585 0 24314 Sarah Coen Vice President for Strategic Initiatives and Enrollment Management 40 1 X 144835 0 22360 Michael Covert Vice President for Student Life and Dean of Students 40 1 X 138316 0 27205 G Rod Erfani Professor 40 1 X 129885 0 31392 Michael Cairo Professor 40 1 X 122988 0 37403 Gregory Partain Professor 40 1 X 117894 0 37274 Sarah Bray Professor 40 1 X 124799 0 29629 Lisa Custardo EVP for Business Affairs, CFO 40 1 X 132859 0 21222 Holly Sheilley Vice President for Athletics 40 1 X 132480 0 20286 Don Dugi Professor 40 1 X 129155 0 21523 Megan Moloney Vice President for Marketing and Communication 40 1 X 129524 0 20019 Rhyan Conyers Vice President for Institutional Effectiveness 40 1 X 118645 0 25357 Deepa Dubal Vice President for Information Technology 40 1 X 120679 0 18719 Kara Covert Vice President for Advancement 40 1 X 119816 0 18810 Deidra Dennie Vice President for Diversity and Inclusion 40 1 X 109160 0 14924 Falguni Amin-Zimmerman Board Member 1 0 X 0 0 0 Glen S Bagby Board Member 1 0 X 0 0 0 Mindy G Barfield Board Member 1 0 X 0 0 0 George Branch Board Member 1 0 X 0 0 0 Betsy Brooks Bulleit Board Member 1 0 X 0 0 0 Karen K Caldwell Board Member 1 0 X 0 0 0 Aristides S Candris Vice-Chair of the Board and Board Member 1 0 X X 0 0 0 Todd Clark Board Member 1 0 X 0 0 0 Raymond K Cooper II Board Member 1 0 X 0 0 0 Shawna A Corman Board Member 1 0 X 0 0 0 Norwood Cowgill Jr Chairman of the Board and Board Member 1 0 X 0 0 0 Luther Deaton Jr Treasurer of the Board and Board Member 1 0 X X 0 0 0 Rose Mary Stamler Dow Secretary of the Board and Board Member 1 0 X X 0 0 0 Michael C Finley Board Member 1 0 X 0 0 0 Charisse Gillett Board Member 1 0 X 0 0 0 Hannah Goodlett Board Member 1 0 X 0 0 0 Laura R Harper Board Member 1 0 X 0 0 0 Sherry D Holley Board Member 1 0 X 0 0 0 David C Johnson Board Member 1 0 X 0 0 0 John Knapp Board Member 1 0 X 0 0 0 Prakash T Maggan Board Member 1 0 X 0 0 0 Samuel Mitchell Jr Board Member 1 0 X 0 0 0 Billie Jo Setzer Board Member 1 0 X 0 0 0 Joe M Thomson Board Member 1 0 X 0 0 0 Jeffrey Truitt Board Member 1 0 X 0 0 0 Palmer G Vance II Board Member 1 0 X 0 0 0 George M VanMeter Jr Board Member 1 0 X 0 0 0 John N Williams Jr Board Member 1 0 X 0 0 0 Ann Orme Windley Board Member 1 0 X 0 0 0 Brian C Wood Board Member 1 0 X 0 0 0 Christopher H Young Board Member 1 0 X 0 0 0 William T Young Jr Board Member 1 0 X 0 0 0 2589595 0 445646 37 0 1 0 Bon Apetit Management Company 201 Redwood Shores Parkway Suite 100 Redwood Shores CA 94065 Food Service Provider 2530516 B&R Construction 324 Henry Street Lexington KY 40508 Construction Services 718476 Cowgill Inc 1999 Richmond Road Lexington KY 40502 Construction Services 644419 Marsh & McLennan Agency PO Box 744833 Atlanta GA 30374 Insurance Services 557465 Ellucian Inc 62578 Collections Center Drive Chicago IL 60693 Software Services 495978 29 0 0 0 0 0 7548199 0 7548199 Tuition and Fees 611310 44539079 44539079 0 0 Room, Board, and other auxiliaries 611310 7996885 7996885 0 0 0 0 0 0 52535964 2222731 2222731 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 8955928 0 2486347 0 6469581 0 6469581 6469581 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 3057180 3057180 0 0 3057180 71833655 64285456 0 0 0 0 27357591 27357591 2589595 1529492 755702 304401 0 14980591 12538951 1960147 481493 1363379 1073760 226808 62811 2879350 2386547 406820 85983 1240224 1001288 183806 55130 31292 2674 28618 55300 55300 208636 208636 1454066 1148742 181801 123523 145239 58216 59360 27663 1490195 1108882 346202 35111 968544 855820 85262 27462 2405080 1933615 394910 76555 1568513 1526940 9227 32346 365069 235958 123849 5262 1789224 1761757 27467 4865671 4353111 430699 81861 609762 50273 559489 Auxiliary Expenses 2552221 2552221 0 0 Special Programs 474183 309822 55138 109223 Athletics 419472 419472 0 0 0 69813197 62205132 6099241 1508824 2741582 4574598 22505 0 2064263 1676305 962018 1115273 479854 334251 1092501 1167874 188132659 82884261 109186013 105248398 134605668 148791126 1496756 1607725 252651160 264515550 3949081 4612431 1103483 1047654 53725285 47718147 2722473 5742459 714928 526620 1659437 1614347 63874687 61261658 X 41332363 38724310 147444110 164529582 188776473 203253892 252651160 264515550 2020458 12248325 0 208636 0 0 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 2865919 0 0 X X 0 128319662 3888305 20738139 0 10601836 0 142344270 117307154 913224 16865901 0 6766617 0 128319662 130237116 976896 -5589707 0 8317151 0 117307154 102241243 3474755 32359614 0 7838496 0 130237116 105116135 631011 3216506 0 6722409 0 102241243 0.04 0.53 0.43 0 0 14914360 0 14914360 144960567 0 63878185 81082382 11003744 0 8445943 2557801 12023363 0 9840568 2182795 5230625 0 719565 4511060 105248398 Annuities Payable 1493516 Leases Payable 120831 1614347 X 101851435 12224456 0 0 17793324 30017780 71833655 0 0 0 71833655 72394825 0 0 0 2790264 2790264 69604561 208636 0 208636 69813197 Schedule D, Part III, Line 4 Works of art, rare books, drawings, portraits, historical documents and medical textbooks related to the University's 19th century College of Medicine are maintained by the University for education and community historical purposes. Schedule D, Part V, Line 4 The University's endowment funds support current operations, scholarships and specific programs for excellence in teaching and faculty development. Schedule D, Part X, Line 2 Accounting principles generally accepted in the United States of America require management to evaluate tax positions taken by the University and recognize tax liability if the University has taken an uncertain position that more likely than not would not be sustained upon examination by various federal and state taxing authorities. Management has analyzed the tax positions taken by the University, and concluded that as of June 30, 2024 and 2023, there are no uncertain positions taken or expected to be taken that would require recognition of a liability or disclosure in the accompanying financial statements. Schedule D, Part XI, Line 2d Bingham Fund for Excellence in Teaching at Transylvania University EIN 61-1129707 revenues and expenses are included in the audited financial statements of Transylvania University EIN 61-0444825. Bingham Fund for Excellence in Teaching at Transylvania University revenues and expenses are not included in this Form 990 because a separate Form 990 is filed for this entity. Schedule D, Part XII, Line 2d Bingham Fund for Excellence in Teaching at Transylvania University EIN 61-1129707 revenues and expenses are included in the audited financial statements of Transylvania University EIN 61-0444825. Bingham Fund for Excellence in Teaching at Transylvania University revenues and expenses are not included in this Form 990 because a separate Form 990 filed for this entity. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 Schedule E, Part I, Line 3 All publications contain a statement regarding Transylvania University's nondiscrimination policy. Schedule E, Part I, Line 6 The University's students are eligible to receive federal financial aid. 1 Scholarships for tuition and related fees. 1006 27358561 0 Schedule I, Part I, Line 2 The Office of Financial Aid maintain records to substantiate the amount of the grants or assistance disbursed to students, the students' eligibility for the grants or assistance, and the selection criteria used to award the grants or assistance. X X X 1 1 X 0 0 0 0 0 0 0 0 0 William Brien Lewis President 407461 0 30000 0 0 0 22500 0 24889 0 484850 0 0 0 S Rebecca Thomas Vice President for Academic Affairs and Dean of the University 196514 0 0 0 0 0 17686 0 10134 0 224334 0 0 0 Shawn Lyons Vice President for Advancement 184585 0 0 0 0 0 16613 0 7702 0 208900 0 0 0 Sarah Coen Vice President for Strategic Initiatives and Enrollment Management 144835 0 0 0 0 0 13035 0 9325 0 167195 0 0 0 Michael Covert Vice President for Student Life and Dean of Students 138316 0 0 0 0 0 12448 0 14757 0 165521 0 0 0 Schedule J, Part I, Line 1a The University makes a residence available for use by the President. The University may purchase flights for the President's spouse from time to time to travel to Alumni events or donor cultivation. The President has a discretionary spending account. A KBDC IRB Series 2019B City of Stamping Ground 472650498 000491207 2019-06-20 13765000 Project funding for building projects 0 0 0 B KBDC EDRB Series 2021A City of Stamping Ground 472650498 49120AAW9 2021-02-18 32160000 Refund 2012, 2016A, 2016B, 2016C, 2016D series bonds 0 0 0 A 0 0 145019399 0 651439 0 248463 0 0 13600000 0 0 2020 0 0 1 1 B 32160000 0 32160000 0 0 0 0 0 0 0 0 0 2021 1 0 1 1 A 0 0 1 1 0 0 0 0 0 0 1 B 0 0 0 0 0 0 0 0 0 1 A 0 1 1 1 1 0 0 0 1 B 0 1 1 1 1 0 0 0 1 A 1 B 1 Schedule K, Part IV, Line 2c-06/20/2019 13,765,000 KBDC IRB Series 2019B No rebate is due. Met the exception for spend down. Schedule K, Part IV, Line 2c-02/18/2021 32,160,000 KBDC EDRB Series 2021A No rebate is due. Met the exception for spend down. Form 990, Part VI, Section A, Line 2 Mr. Christopher H. Young and Mr. William T. Young, Jr. - family relationship. Form 990, Part VI, Section B, Line 11b A draft of the Form 990 is reviewed and approved by the Finance Committee of the Board of Trustees prior to filing. Form 990, Part VI, Section B, Line 12c The Transylvania University Annual Disclosure form is completed by each Trustee and is forwarded to the EVP for Business Affairs. Compliance with the Organizations' conflict of interest policy is monitored annually. All interested persons are required to disclose to the Board any possible conflicts of interest. In the event of a conflict, the interested party is required to recuse themselves from the discussion and abstain from voting on such matters under consideration by the Board. Form 990, Part VI, Section B, Line 15 The Compensation Committee of the Board of Trustees, appointed by the Chair, recommends the compensation of the President and is approved by the Chair. The President reviews and approves the compensation for all Vice Presidents. The Director of Human Resources uses CUPA-HR survey data to determine appropriate market salaries. Form 990, Part VI, Section C, Line 19 The Organization's governing documents, conflict of interest policy, and financial statements are not required to be disclosed per IRC section 6014. As such, these documents are not available to the public at this time. Bingham Fund for Excellence in Teaching at Transylvania University 300 N Broadway Lexington KY 40508 611129707 Promote excellence in teaching KY 501(c)(3) 509(a)(2) Transylvania University 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 Bingham Fund for Excellence in Teaching at Transylvania University q 2790263 Actual Expenses Schedule R, Part V, Line 1q Bingham Fund for Excellence in Teaching at Transylvania University. Extension was filed and approved before initial due date. Tax return is being filed within the extension period. Extension was necessary to properly complete the FY24 financial audit.