2025-02-07T13:13:13-06:00 2024-06-30 620647474 BLACKBURN CHILDERS & STEAGALL PLC 801B SUNSET DRIVE JOHNSON CITY TN 376043033 990 2023-07-01 626001104 JOHNSON UNIVERSITY JOHN 8655734517 7900 JOHNSON DRIVE KNOXVILLE TN 37998 CYNTHIA T BARNARD VICE PRESIDENT FOR FINANCE 8652513484 2025-02-06 1 1 SARAH PRESNELL P01269151 4232824511 2025-02-06 2023 2025-03-06 01:10:19Z CYNTHIA T BARNARD 7900 JOHNSON DRIVE KNOXVILLE TN 37998 56103765 0 X WWW.JOHNSONU.EDU X 1893 TN JOHNSON UNIVERSITY IS A PRIVATE, COEDUCATIONAL INSTITUTION OF HIGHER LEARNING OFFERING ASSOCIATE, BACHELOR'S, MASTER'S AND DOCTORAL DEGREES. 14 14 799 401 0 0 6272331 5830178 18573433 19711304 2870898 18136252 34178 0 27750840 43677734 2746436 3355490 0 0 14526168 15124914 0 0 1290047 12581585 13302840 29854189 31783244 -2103349 11894490 237444907 270018450 40229147 39318262 197215760 230700188 JOHNSON UNIVERSITY IS A PRIVATE, COEDUCATIONAL INSTITUTION OF HIGHER LEARNING OFFERING ASSOCIATE, BACHELOR'S, MASTER'S AND DOCTORAL DEGREES. 0 0 25221012 3355490 19711304 OPERATION OF UNIVERSITY 25221012 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 1 0 1 1 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 1 1 0 0 0 1 112 0 1 799 1 1 1 0 0 0 0 0 0 0 0 0 X 14 14 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 TN X CYNTHIA T BARNARD 8652513484 7900 JOHNSON DRIVE KNOXVILLE TN 37998 JEFF WHITLOCK SR SECRETARY 1.00 1.00 X X 0 0 0 MARTHA R ALLIGOOD TRUSTEE 1.00 1.00 X 0 0 0 W PERRY BAILEY TRUSTEE 1.00 1.00 X 0 0 0 KEVIN DUVAL TRUSTEE 1.00 1.00 X 0 0 0 SCOTT EYNON TRUSTEE 1.00 1.00 X 0 0 0 KENNETH R FUNK TRUSTEE 1.00 1.00 X 0 0 0 GREGORY J GRANT VICE - CHAIRMAN 1.00 1.00 X X 0 0 0 MARK HARRELL TRUSTEE 1.00 1.00 X 0 0 0 DREW MENTZER TRUSTEE 1.00 1.00 X 0 0 0 BILL WANG TRUSTEE 1.00 1.00 X 0 0 0 SAM WIDENER TRUSTEE 1.00 1.00 X 0 0 0 RICHARD E WOODS CHAIRMAN 1.00 1.00 X X 0 0 0 VANESSA WATKINS TRUSTEE 1.00 1.00 X 0 0 0 PAUL T COLEMAN ATTORNEY LEGAL COUNSEL; EX-OFFICIO 1.00 1.00 X 0 0 0 L THOMAS SMITH JR PRESIDENT 50.00 1.00 X 154250 0 13800 CYNTHIA T BARNARD VP FOR BUSINESS AND FINANC 50.00 1.00 X 99355 0 19801 MARVIN ELLIOTT FL EXECUTIVE VICE PRESIDENT, 1.00 50.00 X 100080 0 11471 RICHARD CLARK VP FOR ADVANCEMENT 50.00 1.00 X 99777 0 10781 ANDREW FRAZIER VP FOR STUDENT LIFE/DEAN O 50.00 1.00 X 75090 0 15967 GREG LINTON VP FOR ACADEMIC AFFAIRS/PR 50.00 1.00 X 111910 0 5613 WILBUR REID VP FOR CAMPUS SERVICES 50.00 1.00 X 94437 0 13810 734899 0 91243 3 0 1 0 PIONEER COLLEGE CATERERS BOX 175 KNOXVILLE TN 37998 FOOD SERVICE 1491532 THE FRANKLIN GROUP LLC PO BOX 31606 KNOXVILLE TN 37930 SIDEWALK PROJECT 1220881 JENZABAR PO BOX 55018 BOSTON MA 02205 SOFTWARE MAINTENANCE 403272 SOLID GROUND SECURITY 576 FOOTHILLS PLAZA DRIVE MARYVILLE TN 37801 SECURITY SERVICES 311494 ACKERMANN MARKETING 1111 N NORTHSIDE DRIVE KNOXVILLE TN 37919 MARKETING 299715 17 145820 5684358 5830178 TUITION AND FEES 611710 14750274 14750274 AUXILIARY ENTERPRISES 611710 4727059 4727059 OTHER INCOME 611710 233971 233971 19711304 2351983 2351983 28210300 12426031 15784269 15784269 15784269 43677734 19711304 0 18136252 3355490 3355490 811842 649473 129895 32474 11537886 9230309 1846061 461516 1952165 1561732 312346 78087 823021 658417 131683 32921 101331 101331 203495 22344 181151 747087 386943 149615 210529 174074 43518 130556 476680 311415 98196 67069 206661 123997 82664 1584333 1267466 253493 63374 662413 508998 115657 37758 166701 137595 500 28606 704053 563242 112648 28163 2974945 2379959 475992 118994 523339 73320 450019 TAXES-UBIT 63 63 DINING HALL EXPENSES 1222093 1222093 DUES AND SUBSCRIPTIONS 941267 658887 282380 REPAIRS AND MAINTENANCE 657852 526281 131571 1956453 1539533 416920 31783244 25221012 5272185 1290047 3824681 17207669 1330000 1414000 913458 1206756 288941 114510 102738050 45546529 67806012 57191521 162588914 187860150 692901 5023844 237444907 270018450 712016 910997 32991524 31783995 6525607 6623270 40229147 39318262 X 94691972 109261931 102523788 121438257 197215760 230700188 237444907 270018450 X 11894490 17436111 4153827 X X 0 1 X 1 1 1 X 4674579 7830900 7393030 6272331 5830178 32001018 4674579 7830900 7393030 6272331 5830178 32001018 32001018 2626832 2272411 2317459 2870898 2351983 12439583 53551 25109 78660 44519261 90707582 0.71880 0.70500 X SCHEDULE A, PART I, LINES 2 AND 7 JOHNSON BIBLE COLLEGE RECEIVED AN IRS DETERMINATION LETTER IN DECEMBER, 1942 STATING THAT THE ORGANIZATION WAS RECOGNIZED AS AN ORGANIZATION EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. ADDITIONALLY, THE ORGANIZATION WAS ALSO DETERMINED NOT TO BE A PRIVATE FOUNDATION AS DEFINED IN SECTION 509(A) OF THE CODE BECAUSE IT WAS AN ORGANIZATION DESCRIBED IN SECTION 509(A)(1) AND SECTION 170(B)(1)(A)(II), WHICH IS IDENTIFIED IN SCHEDULE A, PART I, LINE 2 AS A SCHOOL. IT IS AN EDUCATIONAL ORGANIZATION WHICH NORMALLY MAINTAINS A REGULAR FACULTY AND CURRICULUM AND NORMALLY HAS A REGULARLY ENROLLED BODY OF PUPILS OR STUDENTS IN ATTENDANCE AT THE PLACE WHERE ITS EDUCATIONAL ACTIVITIES ARE REGULARLY CARRIED ON. ON JULY 1, 2011, JOHNSON BIBLE COLLEGE CHANGED ITS NAME TO JOHNSON UNIVERSITY. PER THE 2022 INSTRUCTIONS FOR SCHEDULE B, SCHEDULE OF CONTRIBUTORS, THE INTERNAL REVENUE SERVICE HAS CLARIFIED THAT IN ORDER FOR THE UNIVERSITY TO REPORT ITS CONTRIBUTIONS UNDER THE SPECIAL RULE, THE ORGANIZATION MUST NOW CHECK BOX 7 OF SCHEDULE A, PART I, AND COMPLETE SCHEDULE A, PART II, SUPPORT SCHEDULE FOR ORGANIZATIONS DESCRIBED IN SECTIONS 170(B)(1)(A)(IV) AND 170(B)(1)(A)(VI). RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 127227700 2082148 13969927 3903314 139376461 128568465 3324679 7886739 3331837 9220346 127227700 132040467 6920023 -7015617 3376408 128568465 119314557 1413458 42868218 3269110 28286656 132040467 122358433 1225231 952163 3126253 119314557 0 0 641813 641813 80388496 36192703 44195793 11744167 6870897 4873270 9963574 2482929 7480645 57191521 MONEY MARKET FUNDS 17112113 F EQUITY MUTUAL FUNDS 134465100 F FIXED INCOME MUTUAL FUNDS 19788829 F REAL ASSETS 14032334 F DIRECTIONAL AND RELATIVE VALUE 98034 F REAL ESTATE 1566029 F OTHER EQUITIES 797711 F 187860150 DEPOSITS 533338 OBLIGATIONS UNDER ANNUITY AGREEMENT 1964505 RETIREMENT OBLIGATION 197529 FUNDS HELD IN CUSTODY FOR OTHERS 1253614 FUNDS HELD - JOHNSON UNIVERSITY 2674284 6623270 X PART V, LINE 4: THE INTENDED USE OF THE UNIVERSITY'S ENDOWMENT FUNDS IS FOR UNRESTRICTED PURPOSES, SCHOLARSHIPS, FACULTY/STAFF SALARIES, OTHER SPECIFIC PROGRAM EXPENSES, AND GENERAL USE. PART X, LINE 2: NOTE 13 - UNCERTAINTY IN INCOME TAXES THE UNIVERSITY FOLLOWS THE FASB ASC, WHICH PROVIDES GUIDANCE ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES RECOGNIZED IN AN ORGANIZATION'S FINANCIAL STATEMENTS. AS OF JUNE 30, 2024 AND 2023, THE UNIVERSITY HAD NO UNCERTAIN TAX POSITIONS THAT QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE UNIVERSITY'S CONSOLIDATED FINANCIAL STATEMENTS. THE UNIVERSITY'S POLICY IS TO RECOGNIZE INTEREST AND PENALTIES ON UNRECOGNIZED TAX BENEFITS IN INCOME TAX EXPENSE IN THE CONSOLIDATED FINANCIAL STATEMENTS. HOWEVER, NO INTEREST OR PENALTIES WERE RECORDED DURING THE YEARS ENDED JUNE 30, 2024 AND 2023 FEDERALLY FUNDED FINANCIAL AID PROGRAMS ARE SUBJECT TO SPECIAL AUDIT. SUCH AUDITS COULD RESULT IN CLAIMS AGAINST THE RESOURCES OF THE UNIVERSITY. NO PROVISION HAS BEEN MAKE FOR ANY LIABILITIES THAT MAY ARISE FROM SUCH AUDITS SINCE THE AMOUNTS, IF ANY, CANNOT BE DETERMINED AT THIS DATE. PART XII, LINE 2D - OTHER ADJUSTMENTS: EXPENSES OF THE JOHNSON FOUNDATION EXPENSES OF JOHNSON UNIVERSITY FLORIDA UNRELATED BUSINESS INCOME - RENTAL EXPENSES NETTED AGAINST INCOME PART XII, LINE 4B - OTHER ADJUSTMENTS: INSTITUTIONAL SCHOLARSHIPS OFFSETTING TUITION AND FEES 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 THE UNIVERSITY PUBLISHES ITS RACIALLY NONDISCRIMINATORY POLICY IN ITS MAGAZINE, "THE JOHNSON MAGAZINE", IN THE NEWSPAPER, AND IN A GRAPHIC OVERLAY TO VIDEOS USED IN TELEVISION ADS. SCHEDULE E, PART I, LINE 6 THE UNIVERSITY RECEIVES FINANCIAL ASSISTANCE FOR STUDENT FINANCIAL AID PROGRAMS SUCH AS THE FEDERAL PELL GRANT PROGRAM, AS WELL AS OTHERS FROM THE UNITED STATES DEPARTMENT OF EDUCATION. THE UNIVERSITY ALSO RECEIVES STUDENT FINANCIAL ASSISTANCE FROM THE STATE OF TENNESSEE IN THE FORM OF TENNESSEE LOTTERY SCHOLARSHIPS. 1 CASH SCHOLARSHIPS FOR STUDENTS ATTENDING JOHNSON UNIVERSITY IN KNOX COUNTY, TENNESSEE. 657 3355490 N/A N/A PART I, LINE 2: THE UNIVERSITY DOES NOT GIVE ANY NON-CASH SCHOLARSHIPS. SCHOLARSHIPS ARE DISBURSED TO STUDENTS THROUGH CREDITING THEIR STUDENT ACCOUNTS. IF THE STUDENT HAS EXCESS SCHOLARSHIP FUNDS AS THE RESULT OF TITLE IV AID, THEN THESE FUNDS ARE AUTOMATICALLY DISBURSED TO THE STUDENT WITHIN 14 DAYS. IF THE EXCESS FUNDS ARE THE RESULT OF SOMETHING OTHER THAN TITLE IV AID, THE STUDENT MUST REQUEST A REFUND AND THESE FUNDS ARE DISBURSED TO THE STUDENT BY CHECK. THE UNIVERSITY'S PROCEDURES FOR MONITORING GRANT FUNDS IN THE U.S. ARE AS FOLLOWS: THE UNIVERSITY HAS APPOINTED DIRECTORS, WHO REPORT TO THE APPROPRIATE VICE PRESIDENTS OVER ALL FEDERAL GRANT PROGRAMS. THESE DIRECTORS ARE CHARGED WITH PERFORMING ALL GRANT-RELATED ACTIVITIES INCLUDING APPLICATION, MONITORING OF EXPENDITURES AND REPORTING, WITH THE EXCEPTION OF DRAW-DOWNS OF FEDERAL FUNDS. DRAW-DOWNS ARE PERFORMED BY THE UNIVERSITY'S ACCOUNTANT AFTER REQUESTS ARE MADE BY THE DIRECTOR TO THE ACCOUNTANT. THE ACCOUNTANT REVIEWS THE REQUESTS FOR DRAW-DOWNS, WHICH INCLUDE DOCUMENTATION OF ALL DIRECT AND INDIRECT PROGRAM EXPENSES, BEFORE MAKING THE DRAW-DOWNS. A SINGLE AUDIT IS PERFORMED ANNUALLY BY THE UNIVERSITY'S INDEPENDENT AUDITORS. X X 1 1 X X X 0 0 0 0 0 0 0 0 0 L THOMAS SMITH JR PRESIDENT 154250 0 0 0 0 0 0 0 0 0 154250 0 0 0 PART I, LINE 1A HOUSING ALLOWANCES OF $6,700 PER INDIVIDUAL WERE PROVIDED FOR THE FOLLOWING OFFICERS: L. THOMAS SMITH, MARVIN ELLIOTT, RICHARD CLARK, ANDREW FRAZIER, GREG LINTON AND WILBUR REID III. PART I, LINE 5 N/A PART I, LINE 6 N/A PART I, LINE 7 N/A PART I, LINE 8 N/A A THE HEALTH EDUCATIONAL & HOUSING FACLTY BD OF THE CO OF KNOX SERIES 2006 621220275 499503AA8 2009-11-02 6670000 TO FINANCE BUILDINGS AND EQUIPMENT OF THE UNIVERSITY 0 0 0 B THE HEALTH EDUCTIONAL & HOUSNG FACILITY BD OF THE CO OF KNOX SERIES 2015 621220275 NONEAVAIL 2015-06-23 35000000 REFNDNG OF PREVSLY ISSUED NOTES PAY FOR CAMPUS RENOVATIONS; CAPITAL IMPRVMNT 0 0 0 A 2300000 6670000 2007 0 0 1 1 B 7660226 35000000 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 1 1 REGIONS EQUIPMMENT FINANCE CORPORATION 10.000000000000 0 0 0 NA 0 0 B 0 0 0 0 0 0 0 NA 0 0 A 1 B 1 SAM WIDENER TRUSTEE 1804 SAM WIDENER, TRUSTEE, IS THE 100% OWNER OF WINCO, INC. FOR THE YEAR ENDED 06/30/24, THE UNIVERSITY PURCHASED FLOORING PRODUCTS TOTALING $1804. 0 FORM 990, PART VI, SECTION B, LINE 11B THE UNIVERSITY'S TAX PREPARER WILL PROVIDE THE VICE PRESIDENT FOR FINANCE A SCANNED COPY OF THE FINAL VERSION OF THE FORM 990 TAX RETURN. THE RETURN WILL BE MAILED AND/OR EMAILED TO THE EXECUTIVE COMMITTEE AND THE PRESIDENT. THESE INDIVIDUALS WILL HAVE THREE TO FIVE BUSINESS DAYS TO ASK ANY QUESTIONS PRIOR TO THE FILING OF THE FORM 990 TAX RETURN. THE VICE PRESIDENT FOR FINANCE WILL ANSWER QUESTIONS OR PROVIDE INFORMATION AS REQUESTED. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD OF TRUSTEES WILL REVIEW ANNUALLY THE UNIVERSITY'S CONFLICT OF INTEREST POLICY. EACH BOARD MEMBER WILL READ AND SIGN THIS POLICY AT THE FEBRUARY BOARD MEETING. THESE SIGNED STATEMENTS WILL BE RETAINED IN THE UNIVERSITY'S BUSINESS OFFICE. FORM 990, PART VI, SECTION B, LINE 15 THE FINANCE COMMITTEE OF THE BOARD OF TRUSTEES WILL REVIEW THE CABINET LEVEL SALARIES AND BENEFITS ANNUALLY. THIS REVIEW WILL BE CONDUCTED AT THE STANDING SEPTEMBER EXECUTIVE COMMITTEE MEETING. THE VICE PRESIDENT FOR FINANCE WILL PROVIDE THE SALARY AND BENEFITS INFORMATION. THE FINANCE COMMITTEE WILL ALSO RECEIVE INDUSTRY SALARY COMPARISONS EVERY THREE TO FIVE YEARS. THE PRESIDENT OF THE UNIVERSITY DOES NOT HAVE A WRITTEN EMPLOYMENT CONTRACT. OTHER OFFICERS DO NOT HAVE A WRITTEN EMPLOYMENT CONTRACT. 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: ACTUARIAL GAIN (LOSS) ON ANNUITY CONTRACTS 176,064. TRANSFERS FROM SUBSIDIARY 3,977,763. LOSS ON INTEREST RATE SWAP AGREEMENT FORM 990, PART XII, LINE 2C THE FINANCE AND INVESTMENT COMMITTEE ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT AND FOR THE SELECTION OF AN INDEPENDENT ACCOUNTANT, AND THIS POLICY HAS NOT CHANGED FROM THAT OF THE PRIOR YEAR. THE JOHNSON FOUNDATION INC 7900 JOHNSON DRIVE KNOXVILLE TN 37998 581767548 PROVIDES CHARITABLE GRANTS TO JOHNSON UNIVERSITY TN 501(C)(3) OTHER TAXABLE PF N/A 0 DEERFIELD DEVELOPMENT INC 1011 BILL BECK BOULEVARD KISSIMMEE FL 34744 591109202 REAL ESTATE FL N/A C 1.00000 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 1 0 0 THE JOHNSON FOUNDATION INC IS OPERATED ON THE N 50000 CASH RECEIVED CAMPUS OF JOHNSON UNIVERSITY THERE ARE NO SEPARATE FACILITIES IN ADDITION THERE ARE THREE ADVANCEMENT EMPLOYEES WHO SPEND ON AVERAGE 8 HOURS PER MONTH WORKING ON FOUNDATION-RELATED MATTERS THE BUSINESS OFFICE CONTROLLER SPENDS AN ESTIMATED 20 HOURS PER YEAR PERFORMING ACCOUNTING WORK FOR THE FOUNDATION JOHNSON UNIVERSITY HAS NEVER SOUGHT REMEDIATION FOR THESE EXPENSES INCURRED BY THE UNIVERSITY BECAUSE GENERALLY THEY HAVE NOT BEEN MATERIAL IN NATURE THE ESTIMATED COST FOR THESE SERVICES WOULD NOT EXCEED 4000 FOR THE CURRENT YEAR JOHNSON UNIVERSITY FLORIDA INC Q CASH RECEIVED DEERFIELD DEVELOPMENT A RENT RECEIVED