2019-02-28T05:33:33-00:00 2018-06-30 The Wesley Peachtree Group CPAs 1475 Klondike Road Suite 100 Conyers GA 30094 990 2017-07-01 640303093 Tougaloo College TOUG 6019777700 500 West County Line Road Tougaloo MS 39174 Dr Cynthia A Melvin Vice President of Business and Fina 2019-02-27 true Dane Alexander 4048740555 2019-02-27 96.91.145.150 2019-02-28 22:28:25 ES P 29EC2BA83A665FC0B27F25150DDF76CEB5DA0D67 29EC2BA83A665FC0B27F25150DDF76CEB5DA0D67 2017 2019-02-21 02:37:17Z Dr Cynthia A Melvin 500 W County Line Road Tougaloo MS 39174 28780868 false X www.tougaloo.edu X 1905 MS The College is an institution of higher education and provides instruction and various support services in achieving its purpose. 22 21 1297 130 0 -219262 12957944 15497586 13230901 12797165 1710 940 444725 485177 26635280 28780868 2107870 2753633 0 814467 691647 0 680574 23272405 24087865 26194742 27533145 440538 1247723 86364543 89161831 31170574 6140406 55193969 83021425 The College is an institution of higher education and provides instruction and various support services in achieving its purpose. false false 19659968 2753633 8534245 To sustain a learning community in which students can prepare academically, socially and spiritually for leadership in a complex, diverse and rapidly changing world. 2955943 4262920 Auxiliary Enterprises support the Colleges mission of providing quality educational opportunities. These services include, but are not limited to food service, housing, campus post office, parking, vending, campus stores and athletics. 22615911 true true false false false false false true false true true true false false true true true false true false false false false false false false false false true true false false false false false false false false false false false false false false false false false true 1496 0 1297 true true true false false false false false false false false false X 22 21 false false false false false false false true true false false true true true true true true true true false MS X Dr Cynthia A Melvin 6019777716 500 W County Line Road Tougaloo MS 39174 Dr Wesley F Prater Chairman 001.00 001.00 X X 0 0 0 Mr Edmond E Hughes Vice Chairman 001.00 001.00 X X 0 0 0 Col Ret Dr Doris Browne Secretary 001.00 001.00 X X 0 0 0 Mrs Mavis L James Treasurer 001.00 001.00 X X 0 0 0 Mr Edward Blackmon Board Member 001.00 001.00 X 0 0 0 Mr Isaac K Byrd Jr Board Member 001.00 001.00 X 0 0 0 Dr Howard Glenn Board Member 001.00 001.00 X 0 0 0 The Reverend Dr Alvin O Jackson Board Member 001.00 001.00 X 0 0 0 Dr G Curtis Jones Jr Board Member 001.00 001.00 X 0 0 0 Mr William Lucas Board Member 001.00 001.00 X 0 0 0 Mr David E Miller Board Member 001.00 001.00 X 0 0 0 Mrs Carol T Puckett Board Member 001.00 001.00 X 0 0 0 Ms Shirlethia Franklin Board Member 001.00 001.00 X 0 0 0 Mr Henry Thomas Board Member 001.00 001.00 X 0 0 0 Dr Ernest Carter Board Member 001.00 001.00 X 0 0 0 Dr Beverly W Hogan President 040.00 001.00 X X 159480 0 7500 Mr David Meier Board Member 001.00 001.00 X 0 0 0 Dr Geoffrey Black Board Member 001.00 001.00 X 0 0 0 Mr LeRoy G Walker Jr Board Member 001.00 001.00 X 0 0 0 Mr Primus Wheeler Jr Board Member 001.00 001.00 X 0 0 0 Mr Carlos Smith Board Member 001.00 001.00 X 0 0 0 Mr Stephen C Edds Board Member 001.00 001.00 X 0 0 0 Dr Cynthia A Melvin Chief Financial Officer 040.00 001.00 X 87500 0 0 Dr Asoka Srinivasan Vice President of Academic Affairs 040.00 001.00 X 102000 0 0 Dr Delores Bolden Stamps Vice President of Institutional Advancement 040.00 001.00 X 95000 0 0 Mr Kelle E Menogan Sr Vice President of Facilities and Real Property Management 040.00 001.00 X 82500 0 0 Dr Sandra Carr Hayes Executive Director of the Owens Health, Wellness and Human Resources Center 040.00 001.00 X 77667 0 0 Ms Sandi Denese Carroll Vice President of Information Technology / Chief Information Officer 040.00 001.00 X 80000 0 0 684147 7500 2 false true false Thompson Hospitality 500 West County Line Road Tougaloo MS 39174 Food Service Provider 1382893 Socrates Garrett Enterprises Inc 2659 Livingstone Road Jackson MS 39213 Construction Contractor 362281 Jenzabar Inc P O Box 55018 Boston MA 022055018 Consulting and Training 102588 Cline Tours Inc P O Box 1498 Ridgeland MS 39158 Transportation 147706 Redmond Design 1460 Madison Avenue Memphis TN 38104 Web Portal Service 106177 6 8963843 6533743 15497586 Tuition and Fees 611600 8534245 8534245 Sales and Services of Auxiliary Enterprises 611710 4262920 4262920 12797165 940 940 Other income 900099 124065 124065 Investment return appropriated for operations 900099 361112 361112 485177 28780868 13283282 0 2753633 2753633 0 0 691647 691647 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Instruction 4162774 4162774 Auxiliary Enterprises 2955943 2955943 Public Service/Academic Support 3925157 3046572 878585 Student Services/Research 6751796 6751796 6292195 2945193 2666428 680574 27533145 22615911 4236660 680574 887664 964094 610995 442896 1801018 2366446 26067 82961 293645 333129 85609267 33488123 51151389 52121144 10693715 11951111 20900050 20900050 86364543 89161831 1871024 1822378 165933 165933 25796996 3216049 4068472 120572 83623 31170574 6140406 X 39394998 66418703 2790283 2914041 13008688 13688681 55193969 83021425 86364543 89161831 X 1247723 664233 25915500 X false true X true true true X 0.00000 0.00000 0.00000 X X false false 13008688 679993 940 940 13688681 12541308 467380 1710 1710 13008688 11912330 628978 85 85 12541308 11289535 622795 485 485 11912330 10530002 759533 4861 4861 11289535 1.00000 true false 312795 312795 60354898 19325411 41029487 16848659 13744203 3104456 8092915 418509 7674406 52121144 Financial derivatives and other financial products Closely-held equity interests Land Held for Investments 16700000 F Artifacts and Artwork 4200050 F 20900050 Federal income taxes Capital lease obligation 83623 83623 X 55360601 664233 25915500 26579733 28780868 28780868 27533145 27533145 27533145 V 4 The endowment funds shown are considered permanently restricted. The College does not intend to use the funds. X 2 The Colleges policy is to record a liability for any tax position taken that is beneficial to the College, including any related interest and penalties, when it is more-likely-than-not the position taken by management with respect to a transaction or class of transactions will be overturned by a taxing authority upon examination. The College is subject to income tax on its unrelated business activity, which is WLOO television station. As a result, the accrued taxes payable as of June 20, 2018 is 0. Currently, there are no years under examination by any taxing authority. III 4 The campus is home to the Academic Civil Rights Research Center, which houses many artifacts from the civil rights movement in Mississippi. The displays are used for public exhibition, but more importantly for the education of future generations seeking knowledge of the past. XI 2d On March 16, 2018, the College received notification from the U.S. Department of Education that the full balance of the bonds payable was forgiven and related collateral released pursuant to the Secretarys authority under Bipartisan Budget Act of 2018. Accordingly, all related transactions were removed from the Colleges financial statements resulting in a net nonoperating gain of 25,915,500. true true true true true true true false false false false false false false false true false true 6a The College offers scholarships and student financial aid to assist with meeting the students financial obligations. The Financial Aid Office has the necessary policies and procedures to ensure that the College adheres to and complies with federal regulations regarding eligibility for student financial aid. Requirements for receiving scholarships depend on other factors such as grade point average, family income or athletic talents. true Privately Funded Student Scholarships 563 2753633 Part III Line 1 All scholarships are awarded based upon specific criteria maintained by the financial aid office. Requirements for receiving scholarships depend upon other factors, such as grade point average, family income or economic need. The Colleges financial aid staff monitors the eligibility guidelines to ensure compliance. The College also undergoes the required Uniform Guidance audit annually. X true true X X false false false false false false false false false Dr Beverly W Hogan President 155119 4361 7500 166980 Form 990, Part VI, Section B, Line 11b The College presents the Form 990 to its Finance/Audit Committee for review when the form is ready. Depending on when the committee meets and the due date of the return, the Form 990 is either modified before it is filed or an amendment is filed for any changes required by the Finance/Audit Committees review. Form 990, Part VI, Section B, Line 12c Trustees are required to disclose at the next convening Board of Trustees meeting any conflicts of interest. Trustees with a conflict of interest on a matter of vote must abstain from voting. The Colleges Audit Committee is responsible for ensuring adherence to the policy. Form 990, Part VI, Section B, Line 15a The Board of Trustees, based on predetermined areas of performance evaluates the work of the President annually. The Boards Evaluation and Compensation Committee evaluates the performance. When additional compensation is deemed appropriate, a review of the salaries at peer institutions is conducted to assist in arriving at a recommendation to the Executive Committee for approval. Form 990, Part VI, Section B, Line 15b Compensation for top officers of the College is at the discretion of the President. This discretion is based on 1 previous salary history, 2 market data from CUPA survey published by the Chronicle of Higher Education and 3 the bargaining process. Form 990, Part VI, Section C, Line 19 The College makes is governing documents, conflict of interest policy, and financial statements available to the public upon request. To obtain copies, contact the Business Office and submit a request identifying the specific documents. Form 990, Part XI, Line 5 The College presents its changes in net assets or fund balances separate from revenues and expenses. The balance is representative of gains and losses on investments during the fiscal year. Form 990, Part XI, Line 9 On March 16, 2018, the College received notification from the U.S. Department of Education that the full balance of the bonds payable was forgiven and related collateral released pursuant to the Secretarys authority under Bipartisan Budget Act of 2018. Accordingly, all related transactions were removed from the Colleges financial statements resulting in a net nonoperating gain of 25,915,500.