2020-01-16T13:58:32-07:00 2019-06-30 990 2018-07-01 610444825 TRANSYLVANIA UNIVERSITY TRAN 8592338100 300 North Broadway Lexington KY 40508 Marc Mathews VP for Finance 8592338100 2020-01-16 64.191.189.85 2018 2020-09-23 17:36:50Z Marc Mathews 300 North Broadway Lexington KY 40508 75052525 0 X www.transy.edu X 1780 KY Post-secondary education 37 37 1162 100 0 0 4706237 7159529 43138872 45396330 6088649 9368433 1136678 1095187 55070436 63019479 17761392 18907958 0 0 20470060 21043550 0 0 1277630 17567388 17304045 55798840 57255553 -728404 5763926 210893240 244884187 50482810 74851392 160410430 170032795 Post-secondary education 0 0 49649264 0 45396330 Provide undergraduate degree education, curriculum, training, resources and related expenses. 0 0 0 49649264 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 1 185 0 1 1162 1 0 0 0 0 0 0 0 0 X 37 37 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X Marc Mathews 8592338100 300 North Broadway Lexington KY 40508 Glen S Bagby Treasurer of the Board and Board Member 1 0 X X 0 0 0 Mindy G Barfield Board Member 1 0 X 0 0 0 Antony R Beck Board Member 1 0 X 0 0 0 Laura T Boison Board Member 1 0 X 0 0 0 George Branch Board Member 1 0 X 0 0 0 Betsy Brooks Bulleit Board Member 1 1 X 0 0 0 Karen K Caldwell Board Member 1 0 X 0 0 0 Aristides S Candris Board Member 1 0 X 0 0 0 Raymond K Cooper II Board Member 1 0 X 0 0 0 Norwood Cowgill Jr Board Member 1 0 X 0 0 0 Martin F Davey Board Member 1 0 X 0 0 0 Luther Deaton Jr Board Member 1 0 X 0 0 0 Michael Doheny Board Member 1 0 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 James H Frazier III Board Member 1 0 X 0 0 0 Ann Rosenstein Giles Board Member 1 0 X 0 0 0 Elizabeth M Goodman Board Member 1 0 X 0 0 0 Denise Grant 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 James G Kenan III Vice-Chair of the Board and Board Member 1 1 X X 0 0 0 John Knapp Board Member 1 0 X 0 0 0 Mark Lyons Board Member 1 0 X 0 0 0 Roszell Mack III Board Member 1 0 X 0 0 0 Samuel J Mitchell Jr Board Member 1 0 X 0 0 0 William C Oehmig 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 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 Byron Young Board Member 1 0 X 0 0 0 Christopher H Young Board Member 1 1.00 X 0 0 0 William T Young Jr Chairman of the Board and Board Member 1 1 X X 0 0 0 James Carey President 40 1 X 359529 0 0 Michael F Cairo Interim Vice President for Academic Affairs and Dean of the University 40 0 X 96868 0 0 Marc Mathews Vice President for Finance and Business 40 0 X 161786 0 0 Holly Sheilley Vice President for Enrollment and Student Life 40 0 X 150091 0 0 Steven B Angelucci Vice President for Advancement 40 0 X 0 0 0 Megan Moloney Vice President for Marketing and Communication 40 0 X 52393 0 0 Rhyan Conyers Vice President for Institutional Effectiveness 40 0 X 95645 0 0 Deepa Dubal Vice President for Information Technology 40 0 X 36190 0 0 Don Dugi Professor 40 0 X 107566 0 0 Kara Covert Associate Vice President for Advancement 40 0 X 107270 0 0 G Rod Erfani Professor 40 0 X 101941 0 0 Laura Bryan Vice President for Academic Affairs and Dean of the University 40 0 X 189434 0 0 Martin Smith Vice President for Advancement 40 0 X 172427 0 0 1631140 0 0 8 1 1 0 Congleton Hacker Company 872 Floyd Drive Lexington KY 40505 General Contractor 2419870 Sodexo 16415 Northcross Drive Suite B Huntersville NC 28078 Food Service Provider 2134680 S-L-A-M Collaborative Inc 80 Glastonbury Blvd Glastonbury CT 06033 Architect 878554 Burchfield & Thomas PO Box 11748 Lexington KY 40577 Construction Contractor 676221 Ellucian Inc 62578 Collections Center Drive Chicago IL 60693 Software Maintenance 294628 19 0 0 0 0 0 7159529 0 7159529 Tuition and fees 611310 37412073 37412073 0 0 Room, board and other auxiliaries 611310 7984257 7984257 0 0 0 0 0 0 45396330 2062064 0 0 2062064 0 0 0 0 0 0 0 0 0 0 19339415 0 12033046 0 7306369 0 7306369 7306369 0 0 0 1095187 1095187 0 0 1095187 63019479 53797886 0 2062064 18907958 18907958 1460610 491520 777025 192065 14897555 12839237 1499597 558721 0 1030268 843337 136313 50618 2507588 2128311 373739 5538 1147529 941575 155223 50731 91152 10002 81150 35750 35750 800402 506443 185406 108553 420956 251489 129542 39925 1444239 1091806 311461 40972 956919 819088 54929 82902 1438095 571883 866212 1455355 1384608 31036 39711 330232 229211 92499 8522 1213984 1160607 53377 4443964 3907810 536154 462538 38030 424508 Auxiliary expenses-dining,camps 2142115 2142115 0 0 Special Programs 955802 712605 143825 99372 Allocation of facilities expenses 720035 286334 433701 0 Athletics expenses 303530 303530 0 0 88977 81765 7212 57255553 49649264 6328659 1277630 5230099 5388085 0 24774515 2969130 4786348 310397 346155 1641432 1326660 788379 683368 157472114 60514516 94092481 96957598 104392703 109148404 1468619 1473054 210893240 244884187 3462668 4333916 1305959 1318037 39561838 61875857 3000000 4200000 2085393 2127058 1066952 996524 50482810 74851392 X 40157964 42605315 51402782 57625807 68849684 69801673 160410430 170032795 210893240 244884187 5763926 3858439 0 0 0 0 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 2773177 0 0 X X 0 100520154 869407 12998844 0 9272270 0 105116135 104506725 659259 3320636 0 7966466 0 100520154 98501936 1061628 12301685 0 7358524 0 104506725 100745203 1396347 4053829 0 7693443 0 98501936 104750316 917211 2925019 0 7847343 0 100745203 0.05 0.63 0.32 0 0 15091857 0 15091857 110161635 0 46596759 63564876 0 0 0 0 9415200 0 6286744 3128456 22803422 0 7631013 15172409 96957598 0 Annuity liability payable 844239 Leases obligation 152285 996524 X 78873574 3858439 0 0 11995656 15854095 63019479 0 0 0 63019479 58911562 0 0 0 1656009 1656009 57255553 0 0 0 57255553 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 educational 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 a tax liability if the University has taken an uncertain position that more likely than not would be sustained upon examination by various federal and state taxing authorities. Management has analyzed the tax positions taken by the University and has concluded that as of June 30, 2019, there are no uncertain positions taken or expected to be taken that would require recognition of a liability or disclosure in the 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, but 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, but are not included in this Form 990 because a separate Form 990 is 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. 966 18907958 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 X 1 1 X 0 0 0 0 0 0 0 0 0 James Carey President 337529 0 10000 0 12000 0 20625 0 19941 0 400095 0 0 0 Laura Bryan Vice President for Academic Affairs and Dean of the University 189434 0 0 0 0 0 14247 0 8088 0 211769 0 0 0 Martin Smith Vice President for Advancement 172427 0 0 0 0 0 13477 0 19265 0 205169 0 0 0 Marc Mathews Vice President for Finance and Business 156786 0 5000 0 0 0 12628 0 19168 0 193582 0 0 0 Holly Sheilley Vice President for Enrollment and Student Life 145091 0 5000 0 0 0 11384 0 6586 0 168061 0 0 0 Schedule J, Part I, Line 1a The University makes a residence available for the use of the President. The University reimburses the President and/or the Vice President for Advancement for Social Club dues/initiation fees. The University may purchase flights for the President's spouse from time to time for travel to Alumni events or donor cultivation. The President has a discretionary spending account. A LFUCG IRB Series 2012 610858140 000528908 2012-06-27 10170000 Project funding for building projects 0 0 0 B KBDC IRB Series 2016A City of Alexandria 472650498 2016-04-29 7000000 Refund 2014 Series Bonds 0 0 0 C KBDC IRB Series 2016B City of Sadieville 472650498 2016-04-29 9250000 Project funding for building projects 0 0 0 D KBDC IRB Series 2016C City of Williamsburg 472650498 2016-04-29 9250000 Refund 2014 Series bonds and project funding for building projects 0 0 0 A 0 0 10183795 0 0 0 183795 0 0 10000000 0 0 2013 0 0 1 1 B 7000000 0 7000000 0 0 0 0 0 0 0 0 0 2016 1 0 1 1 C 0 0 9250000 0 0 0 85000 0 0 9165000 0 0 2017 0 0 1 1 D 5525000 0 9250000 0 0 0 85000 0 0 3640000 0 0 2017 1 0 1 1 A 0 0 0 0 0 0 0 0 0 1 B 0 0 0 0 0 0 0 0 0 1 C 0 0 0 0 0 0 0 0 0 1 D 0 0 0 0 0 0 0 0 0 1 A 0 0 1 1 0 0 0 0 1 B 0 1 1 1 1 0 0 0 1 C 0 1 1 1 1 0 0 0 1 D 0 1 1 1 1 0 0 0 1 A 1 B 1 C 1 D 1 Schedule K, Part IV, Line 2c-06/27/2012 10,170,000 LFUCG IRB Series 2012 No rebate is due. Met the exception for spend down. Schedule K, Part IV, Line 2c-04/29/2016 7,000,000 KBDC IRB Series 2016A No rebate is due. Met the exception for spend down. Schedule K, Part IV, Line 2c-04/29/2016 9,250,000 KBDC IRB Series 2016B No rebate is due. Met the exception for spend down. Schedule K, Part IV, Line 2c-04/29/2016 9,250,000 KBDC IRB Series 2016C No rebate is due. Met the exception for spend down. A KBDC IRB Series 2016D City of Paris 472650498 000491211 2016-06-30 4185000 Refund 2009A series bond 0 0 0 B KBDC IRB Series 2019A City of Midway 472650498 2019-03-29 9950000 Project funding for building projects 0 0 0 C KBDC IRB Series 2019B City of Stamping Ground 472650498 000491207 2019-06-20 13765000 Project funding for building projects 0 0 0 A 4179197 0 4264290 0 0 0 85093 0 0 0 0 0 2017 1 0 1 1 B 0 0 9950000 0 0 0 123030 0 0 826937 0 9000033 2020 0 0 0 1 C 0 0 14501939 0 651439 0 248463 0 0 0 2037 13600000 2020 0 0 0 1 A 0 0 0 0 0 0 0 0 0 1 B 0 0 1 1 0 0 0 0 0 0 1 C 0 0 1 1 0 0 0 0 0 0 1 A 0 1 1 1 0 0 0 0 1 B 0 1 1 1 0 0 0 0 1 C 0 1 1 1 0 0 0 0 1 A 1 B 1 C 1 Schedule K, Part IV, Line 2c-06/30/2016 4,185,000 KBDC IRB Series 2016D No rebate is due. Met the exception for spend down. Schedule K, Part IV, Line 2c-03/29/2019 9,950,000 KBDC IRB Series 2019A No rebate is due yet. Still in spend down exception period. Schedule K, Part IV, Line 2c-06/20/2019 13,765,000 KBDC IRB Series 2019B No rebate is due yet. Still in spend down exception period. 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 full 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 Vice President of Finance and Business for review. Compliance with the Organization's 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 person is required to recuse himself or herself from the discussions 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 of all direct reports. 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 6104. 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 1656009 Actual expenses