2020-10-14T16:44:12-05:00 2020-05-31 631035228 JACKSON THORNTON & CO PC PO BOX 96 MONTGOMERY AL 361010096 990 2019-06-01 630329409 FAULKNER UNIVERSITY FAUL 3343867274 5345 ATLANTA HIGHWAY MONTGOMERY AL 361093398 WILMA D PHILLIPS VICE PRESIDENT - FINANCE 3343867274 2020-10-14 1 CHRISTINE K COOK P00537690 3348347660 2020-10-14 142.154.130.164 2020-10-14 13:40:24 CD P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 6C9B1A35775087DBDB8A6D25ECA509C7F6C27838 2019 2021-01-29 14:40:06Z MICHAEL D WILLIAMS 5345 ATLANTA HIGHWAY MONTGOMERY AL 361093398 57616396 0 X WWW.FAULKNER.EDU X 1942 AL EDUCATIONAL INSTITUTION 34 31 1021 200 117606 57774 5036442 4772247 49327944 48993504 711136 659121 303284 784471 55378806 55209343 12701625 14616692 0 0 23041825 22493602 73600 48000 1347965 19927862 19286089 55744912 56444383 -366106 -1235040 88614653 90552154 40834461 45840251 47780192 44711903 THE MISSION OF FAULKNER UNIVERSITY IS TO GLORIFY GOD THROUGH EDUCATION OF THE WHOLE PERSON EMPHASIZING INTEGRITY OF CHARACTER IN A CARING CHRISTIAN ENVIRONMENT WHERE EVERY INDIVIDUAL MATTERS EVERY DAY. 0 0 35073143 14616692 45376521 INSTRUCTION, PUBLIC SERVICE AND ACADEMIC SUPPORT-EDUCATIONAL COURSES LEADING TO A COLLEGE DEGREE 9018481 1015883 STUDENT SERVICE - OTHER NON-INSTRUCTIONAL SERVICES PROVIDED FOR STUDENTS 4610746 3616983 AUXILIARY ENTERPRISES - PROVIDED LODGING, BOARD, BOOKS AND RELATED SUPPLIES AND NEEDS FOR STUDENTS AND THE CAMPUS COMMUNITY. 48702370 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 0 0 1 1 0 0 0 0 1 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 1 0 0 0 1 61 0 1021 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 34 31 1 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 0 0 0 GA X JOSEPH VICKERY 3343867274 5345 ATLANTA HIGHWAY MONTGOMERY AL 36109 MR DAVID PHILLIPS TRUSTEE 0.00 X 0 0 0 DR JACK ZORN TRUSTEE 0.00 X 0 0 0 MR MIKE PICKENS TRUSTEE 0.00 X 0 0 0 SENATOR JABO WAGGONER TRUSTEE 0.00 X 0 0 0 DR SWAID SWAID TRUSTEE 0.00 X 0 0 0 DR BUD STUMBAUGH TRUSTEE 0.00 X 0 0 0 MR TIM RICHARDSON TRUSTEE 0.00 X 0 0 0 DR HENRI MCDANIEL TRUSTEE 0.00 X 0 0 0 MR CHUCK MONAN TRUSTEE 0.00 X 0 0 0 MRS LIBBY JONES TRUSTEE 0.00 X 0 0 0 MR PHIL NORTON TRUSTEE 0.00 X 0 0 0 JUDGE CAROLE MEDLEY TRUSTEE 0.00 X 0 0 0 MR JASON ISBELL TRUSTEE 0.10 X 5000 0 0 DR MANSEL LONG JR TRUSTEE 0.00 X 0 0 0 MR EDDIE WELCH TRUSTEE 0.00 X 0 0 0 MR BOB LEE TRUSTEE 0.00 X 0 0 0 MR DALE KIRKLAND TRUSTEE 0.00 X 0 0 0 MR FRANK BUTCH JONES TRUSTEE 0.00 X 0 0 0 MR ROY JOHNSON TRUSTEE - PARLIAMENTARIAN 0.00 X 0 0 0 DR MIKE HOUTS TRUSTEE 0.00 X 0 0 0 MR JOSEPH W DONALDSON TRUSTEE 0.00 X 0 0 0 DR JOHN W HILL III TRUSTEE 0.00 X 0 0 0 MR MIKE GURGANUS TRUSTEE 0.00 X 0 0 0 MR CHIP GARRETT TRUSTEE 0.00 X 0 0 0 MRS CARLTON L FREEMAN TRUSTEE - SECRETARY 0.00 X X 0 0 0 MR MICHAEL S EUBANKS TRUSTEE 0.00 X 0 0 0 MS SCHERRY DOUGLAS TRUSTEE 0.00 X 0 0 0 DR BILLY LAMBERT TRUSTEE CHAIR 0.00 X X 0 0 0 MR JON SYKES TRUSTEE 0.00 X 0 0 0 MR JIM CAMPBELL TRUSTEE 0.00 X 0 0 0 MR TERRY CAGLE TRUSTEE 0.00 X 0 0 0 MRS MARTHA BURLESON TRUSTEE 0.00 X 0 0 0 MR JASON AKINS TRUSTEE 0.00 X 0 0 0 MR TED A NORTON TRUSTEE VICE CHAIR 0.00 X X 0 0 0 DR MICHAEL D WILLIAMS UNIVERSITY PRESIDENT 60.00 X 279841 0 15164 WILMA D PHILLIPS VICE PRESIDENT-FINANCE (OUTGOING) 50.00 X 74394 0 217 JOSEPH VICKERY VICE PRESIDENT-FINANCE (INCOMING) 50.00 X 62481 0 114 CHARLES CAMPBELL INTERIM DEAN-JONES SCHOO 45.00 X 163601 0 6634 DAVE KHADANGA DEAN-COLLEGE OF BUSINESS 40.00 X 184818 0 6565 ROSIE KHADANGA PROFESSOR 40.00 X 154505 0 6428 GERALD JONES JR UNIVERSITY GENERAL COUNSEL 50.00 X 135617 0 11933 JEAN-NOEL THOMPSON VICE PRESIDENT FOR STUDENT 50.00 X 129391 0 11933 LEAH FULLMAN ASSOCIATE PROFESSOR - DIRECTOR SLP 40.00 X 139899 0 137 1329547 0 59125 26 0 1 0 CULINARY MANAGEMENT SOLUTIONS 5345 ATLANTA HWY MONTGOMERY AL 36109 CAFETERIA & CATERING SERVICES 1843427 NATIONAL MANAGEMENT RESOURCES PO BOX 1224 LAGRANGE GA 30241 MAINTENANCE OUTSOURCING 1392866 HOLLEY MARKETING CONSULTANTS 30 PINE POINTE CIRCLE ECLECTIC AL 36024 ADVERTISING 1193682 EFC SYSTEMS INC 9015 OVERLOOK BLVD BRENTWOOD TN 37027 COMPUTER OUTSOURCING SERVICES 981380 RICOH USA INC PO BOX 532530 ATLANTA GA 303532530 PRINTING, MAILROOM, AND SWITCHBOARD 386889 9 417331 2730848 1624068 88570 4772247 TUITION & FEES 900099 45376521 45376521 AUXILIARY ENTERPRISES 900099 3616983 3616983 48993504 489182 489182 364847 273341 91506 91506 91506 1886739 1716800 169939 169939 169939 67894 417331 416912 -349018 -349018 OTHER REVENUE 900099 1015883 1015883 SECURITY SERVICE REVENUE 812900 23400 23400 TELEPHONE SERVICE 812900 2700 2700 1041983 55209343 50009387 117606 310103 14616692 14616692 609825 434377 175448 18133639 15900829 1487114 745696 2498513 2095569 281232 121712 1251625 1060251 129794 61580 19393 19393 50089 50089 48000 48000 203039 185839 17200 1375344 945606 428193 1545 1632429 1265291 330247 36891 1133813 985358 135589 12866 2725205 2316423 373354 35428 684286 628774 29476 26036 282578 122411 151977 8190 2439099 2073234 334157 31708 113881 113881 UNRELATED BUSINESS INCO 3594 3594 CONTRACTED SERVICES 3983603 3515453 450829 17321 OTHER EXPENSES 2144427 407964 1736463 CAFETERIA PURCHASES 1672119 1646175 17600 8344 823190 822620 570 56444383 48702370 6394048 1347965 7292274 12038586 2243416 1254214 3971340 4045866 147810 0 104680875 52880203 53530199 51800672 21353641 20949869 75973 462947 88614653 90552154 4238907 4465798 2706433 3739029 33488034 32736819 24088 24088 376999 4874517 40834461 45840251 X 29345184 26685468 18435008 18026435 47780192 44711903 88614653 90552154 -1235040 -131324 -1701925 0 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 18492392 139049 333357 1126002 17838796 18900746 206708 47904 662966 18492392 18466331 9282 858407 433274 18900746 17308614 26202 1445324 313809 18466331 18222279 232531 -446450 699746 17308614 0.88350 0.11650 0 0 6606644 6606644 68811105 25713418 43097687 24308333 22435230 1873103 4954793 4731555 223238 51800672 LIABILITIES UNDER AGENCY AGREEMENT 294996 REFUNDABLE ADVANCES 4579521 4874517 PART V, LINE 4: THE ENDOWMENT FUNDS SUPPORT THE MISSION OF THE UNIVERSITY. PART V, LINE 2 WITHOUT DONOR RESTRICTIONS - 88.89% WITH DONOR RESTRICTIONS - 11.11% 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 PUBLICIZES ITS POLICY IN ITS CATALOG AND ON ITS WEBSITE. SCHEDULE E, PART I, LINE 6 US DEPT OF EDUCATION TITLE IV - $2,224,095 STATE AND LOCAL GRANTS & SCHOLARSHIPS - $506,752 THE UNIVERSITY ALSO PARTICIPATES IN ADDITIONAL US DEPT OF EDUCATION TITLE IV PROGRAMS AND STATE OF ALABAMA STUDENT FINANCIAL AID PROGRAMS X X X X X X 0 WILSON BENNETT TECHNOLOGY INC 2239 BILL FOSTER MEMORIAL HIGHWAY CABOT AR 72023 PHONATHON 0 0 15000 -15000 GARRETT GROUP 401 CYPRESS STREET SUITE 414 ABILENE TX 79601 ESTATE PLANNING 0 0 33000 -33000 48000 -48000 BENEFIT DINNER 485225 417331 67894 195811 221101 485225 417331 67894 195811 221101 416912 -349018 1 INSTITUTIONAL AID 1014 12784038 FEDERAL AND STATE AID 409 377521 ENDOWED UNIVERSITY SCHOLARSHIPS 48 329388 OUTSIDE FUNDED SCHOLARSHIPS 29 48395 CARES ACT EMERGENCY AID 1162 1077350 PART I, LINE 2: GRANT FUNDS ARE ONLY AWARDED TO THOSE STUDENTS WHO MEET THE REQUIREMENTS FOR A PARTICULAR GRANT OR GRANTS. ALSO, THEY MUST MEET OUR SATISFACTORY PROGRESS POLICY TO CONTINUE RECEIVING THESE FUNDS, WHETHER IT IS FEDERAL GOVERNMENT OR FAULKNER UNIVERSITY FUNDS. X X X 1 1 X 0 0 0 0 0 0 0 0 0 DR MICHAEL D WILLIAMS UNIVERSITY PRESIDENT 246615 0 0 0 33226 0 0 0 15164 0 295005 0 0 0 CHARLES CAMPBELL INTERIM DEAN-JONES SCHOO 163518 0 0 0 83 0 0 0 6634 0 170235 0 0 0 DAVE KHADANGA DEAN-COLLEGE OF BUSINESS 184739 0 0 0 79 0 0 0 6565 0 191383 0 0 0 ROSIE KHADANGA PROFESSOR 154505 0 0 0 0 0 0 0 6428 0 160933 0 0 0 A EDUCATIONAL BLDG AUTHORITY OF CITY OF MONTGOMERY 631104797 61304RAA3 2016-08-31 32036728 2016 FACILITIES REVENUE BOND 0 0 0 A 200000 32036728 2033900 640535 4006401 25355893 0 1 1 1 A 0 0 0 0 0 0 0 A 0 0 0 0 0 0 0 0 0 A 0 SCHEDULE K, PART II, PROCEEDS (F) PURPOSE: TO CONSTRUCT & FURNISH A MEN'S RESIDENCE HALL TO REFUND THE 2007 FACILITIES REVENUE BONDS ISSUED 05/10/2007 AND THE 2011 SPECIAL PROJECT ISSUED 03/03/2011 (10) CAPITAL EXPENDITURES EXPENDED ON MEN'S RESIDENCE HALL FROM ACQUISITION FUND. (11) FUNDS USED TO REFUND PRIOR ISSUES. CULINARY MANAGEMENT SOLUTIONS (CMS) ENTITY MORE THAN 35% OWNED BY JOHN HILL, BOARD OF TRUSTEES 1834192 CSM PROVIDES THE FOOD SERVICE FOR THE CAFETERIA. 0 CAPFINANCIAL PARTNERS LLC SEE PART V 56037 CAPTRUST IS THE REGISTERED INVESTMENT ADVISER TO FAULKNER UNIVERSITY AND THE ASSOCIATED ENDOWMENTS AND RELATED ACCOUNTS 0 WILLIAM FREEMAN FAMILY MEMBER OF CARLTON FREEMAN, SECRETARY FOR THE BOARD OF TRUSTEES 26271 EMPLOYMENT 0 GROVER PLUNKETT FAMILY MEMBER OF ED WELCH, BOARD OF TRUSTEES 55205 EMPLOYMENT 0 FORM 990, SCHEDULE L, PART IV, COLUMN D IN ACCORDANCE WITH APPLICABLE DISCLOSURE REQUIREMENTS, EDWARD WELCH, IS A MINORITY SHAREHOLDER IN THE CAPFINANCIAL GROUP, LLC, THE PARENT COMPANY OF CAPFINANCIAL PARTNERS, LLC (ALSO KNOWN AS CAPTRUST). X 1 38000 FMV X 1 20405 FMV X OTHER 1 19592 FMV X EQUIPMENT 2 10574 FMV 0 0 0 FORM 990, PART VI, SECTION A, LINE 2 WILL FREEMAN AND CARLTON FREEMEN HAVE A FAMILY RELATIONSHIP. GROVER PLUNKETT AND EDDIE WELCH HAVE A FAMILY RELATIONSHIP. FORM 990, PART VI, SECTION B, LINE 11B THE BOARD RECEIVES A COPY OF FORM 990 DURING THE FALL BOARD MEETING. THE BOARD COPY INCLUDES A REDACTED SCHEDULE B PER BOARD APPROVAL TO NOT DISCLOSE DONOR NAMES AND INFORMATION. FORM 990, PART VI, SECTION B, LINE 12C BOARD MEMBERS ARE REQUIRED TO COMPLETE THE CONFLICT OF INTEREST DISCLOSURE FORM ANNUALLY. ALL FORMS ARE REVIEWED BY THE BOARD CHAIR OR VICE CHAIR AND MAINTAINED IN THE OFFICE OF THE UNIVERSITY PRESIDENT. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. PART XII, LINE 2C EXPLANATION THE ORGANIZATION DID NOT CHANGE ITS OVERSIGHT OR SELECTION PROCESS DURING THE YEAR. FAULKNER UNIVERSITY FOUNDATION 5345 ATLANTA HIGHWAY MONTGOMERY AL 36109 061697483 CHRISTIAN EDUCATION AT FAULKNER UNIVERSITY AL 501(C)(3) 170(B)(1)(A) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1