2016-11-08T07:53:58-06:00 2016-06-30 621114363 HENDERSON HUTCHERSON & MCCULLOUGH PLLC 1200 MARKET STREET CHATTANOOGA TN 37402 990 2015-07-01 620476661 TENNESSEE WESLEYAN COLLEGE TENN 4237465208 204 EAST COLLEGE STREET ATHENS TN 37303 LARRY WALLACE VICE PRESIDENT OF FINANCE 4237465208 2016-10-17 1 JERRY SMITH CPA P00104258 4237567771 2016-10-17 2015 2017-02-10 21:41:12Z GAIL HARRIS 204 EAST COLLEGE STREET ATHENS TN 37303 27383459 0 X WWW.TWCNET.EDU X 1857 TN FOUR-YEAR LIBERAL ARTS COLLEGE 36 36 361 0 0 0 5022891 3570474 22668746 23413484 349720 -61762 496633 461263 28537990 27383459 9582452 10684165 0 0 8625042 8435292 0 0 344794 8118474 7805987 26325968 26925444 2212022 458015 33746238 34075654 15511899 15348671 18234339 18726983 FOUR-YEAR LIBERAL ARTS COLLEGE 0 0 16524515 10684165 0 INSTRUCTIONAL - ENROLLED AND EDUCATED OVER 900 STUDENTS. 575417 0 0 ACADEMIC SUPPORT - INCLUDES THE FUNDS SPENT IN SUPPORT OF THE COLLEGE'S LIBRARY AND OTHER SIMILAR ACTIVITIES. 5145872 0 0 STUDENT SERVICES - INCLUDES THE FUNDS ASSOCIATED WITH THE SUPPORT OF THE COLLEGE'S STUDENTS ACADEMICS AND RELATED STUDENT ACTIVITIES. 0 0 23874747 23874747 22245804 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 128 0 1 361 1 0 0 0 0 0 0 0 0 0 0 0 X 36 36 0 0 0 0 0 0 0 1 1 0 0 1 1 1 0 1 1 1 1 0 TN X GAIL HARRIS 4237465208 204 EAST COLLEGE STREET ATHENS TN 37303 ALLEN CARTER BOARD OF DIRECTOR, CHAIR 2.00 X 0 0 0 HUGH QUEENER BOARD OF DIRECTOR, VICE CH 2.00 X 0 0 0 BRYAN JACKSON BOARD OF DIRECTOR, FINANCE 2.00 X 0 0 0 REV TOM REED BOARD OF DIRECTOR, STUDENT 2.00 X 0 0 0 STEPHEN BYRUM BOARD OF DIRECTOR 1.00 X 0 0 0 TENNA HORNSBY BOARD OF DIRECTOR, STUDENT 2.00 X 0 0 0 KEITH ALTSHULER BOARD OF DIRECTOR, FORT SA 2.00 X 0 0 0 PRICE FOSTER BOARD OF DIRECTOR 1.00 X 0 0 0 CARL COLLOMS BOARD OF DIRECTOR, MEMBER 1.00 X 0 0 0 MINTIE WILSON BOARD OF DIRECTOR, MEMBER 1.00 X 0 0 0 SHARON BROWN BOARD OF DIRECTOR 1.00 X 0 0 0 JERRI BRYANT BOARD OF DIRECTOR 1.00 X 0 0 0 H PAUL GAFFNEY BOARD OF DIRECTOR 1.00 X 0 0 0 J DON KING MD BOARD OF DIRECTOR 1.00 X 0 0 0 LAURIE HALLENBERG BOARD OF DIRECTOR 1.00 X 0 0 0 VANT HARDAWAY BOARD OF DIRECTOR, SECRETA 1.00 X 0 0 0 DANNY HAYS BOARD OF DIRECTOR 1.00 X 0 0 0 WILLIAM KILBRIDE BOARD OF DIRECTOR 1.00 X 0 0 0 RICK LAY BOARD OF DIRECTOR 1.00 X 0 0 0 LARRY MAULDIN BOARD OF DIRECTOR 1.00 X 0 0 0 GREG MOSES BOARD OF DIRECTOR 1.00 X 0 0 0 DANIEL MOORE BOARD OF DIRECTOR 1.00 X 0 0 0 CHARLES PECCOLO BOARD OF DIRECTOR 1.00 X 0 0 0 PATRICIA PURUSHOTHAM BOARD OF DIRECTOR 1.00 X 0 0 0 JERRY SMITH BOARD OF DIRECTOR 1.00 X 0 0 0 KEN SMITH BOARD OF DIRECTOR 1.00 X 0 0 0 HUGH WALKER III BOARD OF DIRECTOR, ADVANCEMENT 1.00 X 0 0 0 DONALD WEBB BOARD OF DIRECTOR 1.00 X 0 0 0 MARK WHITE BOARD OF DIRECTOR 1.00 X 0 0 0 SHIRLEY WOODCOCK BOARD OF DIRECTOR 1.00 X 0 0 0 TONY BRYANT BOARD OF DIRECTOR 1.00 X 0 0 0 EMILY GREEN BOARD OF DIRECTOR 1.00 X 0 0 0 DEBI WELCH BOARD OF DIRECTOR 1.00 X 0 0 0 MARY TAYLOR BOARD OF DIRECTOR 1.00 X 0 0 0 ELI KILGORE BOARD OF DIRECTOR 1.00 X 0 0 0 HARLEY KNOWLES PRESIDENT 40.00 X 213282 0 0 KIM SPIEZIO VP FOR ACADEMIC AFFAIRS 40.00 X 130000 0 0 RANDY NELSON VP FOR ADVANCEMENT 40.00 X 85313 0 0 SCOTT MASHBURN VP FOR STUDENT LIFE 40.00 X 83436 0 0 GAIL HARRIS VP FOR FINANCIAL AFFAIRS 40.00 X 84849 0 0 TRACI WILLIAMS VP OF INSTITUTIONAL RESEARCH AND RETENTION 40.00 X 63520 0 0 ROBERT CORNETTE DEAN/CHAIR OF NURSING 40.00 X 102918 0 0 763318 0 0 3 0 1 0 ARAMARK CORP 1101 MARKET STREET PHILADELPHIA PA 19107 FOOD SERVICE 1371992 NATIONAL MANGAMENT RESOURCES CORP PO BOX 1224 LA GRANGE GA 30241 MAINTENANCE 620215 FOLLETT HIGHER EDUCATION GROUP 3146 SOLUTIONS CENTER CHICAGO IL 60677 TEXTBOOK SERVICES 275790 ROYAL CHARTER & TOUR PO BOX 2324 CLEVELAND TN 37320 TRAVELING SERVICES 137006 JENZABAR INC 101 HUNTINGTON AVENUE SUITE 2200 BOSTON MA 02199 SOFTWARE SERVICES 106653 9 129329 3441145 3570474 TUITION 624310 20511602 20511602 FOOD SERVICE 722210 1720493 1720493 RESIDENCE HALL 721310 1058215 1058215 CAMPS AND CONFERENCES 900099 78223 78223 BOOKSTORE 451211 44951 44951 23413484 -61762 -61762 FORT SANDERS NURSING SUPPLEMENT 611600 409650 409650 51613 51613 461263 27383459 23874747 0 -61762 X 10684165 10684165 6845668 5209982 1379155 256531 241982 177485 55685 8812 721669 453016 250283 18370 625973 490973 119263 15737 18299 18299 56809 56809 128528 128528 388430 280099 101273 7058 568852 568852 1001526 806154 195372 CONTRACTED SERVICES 2140132 1851223 285126 3783 UTILITIES 623607 573645 49962 OTHER MISC EXPENSES 291780 72580 219200 DUES AND MEMBERSHIPS 285910 155189 128132 2589 2302114 1491293 778907 31914 26925444 22245804 4334846 344794 1302 1299 1021695 1774394 3616338 4208346 1486736 1006335 94111 75671 24572 11362 167480 91070 29882350 13625366 16638747 16256984 10627010 10610165 68247 40028 33746238 34075654 854277 920098 877513 507359 11955766 13799580 1824343 121634 15511899 15348671 X 3691023 1834614 3503311 5530574 11040005 11361795 18234339 18726983 33746238 34075654 X 458015 78182 -43553 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 11040007 230189 91599 11361795 10925347 126826 -12166 11040007 9414118 1399823 111406 10925347 9371970 140343 84427 -182622 9414118 9157986 223398 -9414 9371970 0 0 1702191 1702191 18100155 7139441 10960714 2458526 1298137 1160389 5943575 4018120 1925455 1677903 1169668 508235 16256984 FEDERAL SHARE OF PERKINS LOAN PROGRAM -77991 AGENCY FUNDS 202834 SPLIT-INTEREST AGREEMENTS -3209 121634 X 16777473 78182 78182 16699291 10684168 10684168 27383459 16241274 0 16241274 10684170 10684170 26925444 PART X, LINE 2: UNCERTAIN TAX POSITIONS THE COLLEGE IS EXEMPT, BY STATUTE, FROM FEDERAL AND STATE INCOME TAXES. HOWEVER, THE COLLEGE MAY BE SUBJECT TO TAX ON UNRELATED BUSINESS INCOME. THIS INCOME IS REPORTED ON THE FEDERAL FORM 990T AS UNRELATED BUSINESS INCOME. THE COLLEGE FOLLOWS THE GUIDANCE OF ASC TOPIC 740, INCOME TAXES, WHICH CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES RECOGNIZED IN AN ENTITYS FINANCIAL STATEMENTS. THIS INTERPRETATION PRESCRIBES A RECOGNITION THRESHOLD AND MEASUREMENT ATTRIBUTE FOR THE FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT OF A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. IN ADDITION, ASC TOPIC 740 PROVIDES GUIDANCE ON DERECOGNITION, CLASSIFICATION, INTEREST AND PENALTIES, DISCLOSURE AND TRANSITION. THE COLLEGE ADOPTED THE PROVISIONS OF ASC TOPIC 740 AND THEY HAD NO IMPACT ON THE FINANCIAL POSITION, RESULTS OF OPERATIONS, AND CASH FLOWS. THE COLLEGES EVALUATION WAS PERFORMED FOR TAX YEARS ENDED JUNE 30, 2013 THROUGH JUNE 30, 2016 FOR FEDERAL INCOME TAX, THE YEARS THAT REMAIN SUBJECT TO EXAMINATION BY MAJOR TAX JURISDICTIONS AS OF JUNE 30, 2016. PART XI, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID REPORTED AS A DISCOUNT TO REVENUE MISCELLANEOUS PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID REPORTED AS A DISCOUNT TO REVENUE MISCELLANEOUS PART VI, LINE 1E OTHER ASSETS CONSIST OF VEHICLES, LIBRARY BOOKS, AND WORK IN PROGRESS. 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 COLLEGE MAINTAINS AN INSTITUTION THAT IS RACIALLY NONDISCRIMINATORY. SCHEDULE E, PART I, LINE 6 THE COLLEGE IS APPROVED TO PROVIDE STUDENT ASSISTANCE WITH THE FEDERAL TITLE 4 STUDENT FINANCIAL AID PROGRAMS. 1 FINANCIAL-AID SCHOLARSHIP 950 10684165 X 1 1 X X X X 0 0 0 0 0 0 0 0 0 HARLEY KNOWLES PRESIDENT 0 0 213282 0 0 0 0 0 0 0 213282 0 0 0 FORM 990, PART VI, SECTION B, LINE 11 FEDERAL FORM 990 IS PRESENTED TO THE VICE PRESIDENT FOR FINANCIAL AFFAIRS WHO REVIEWS TO MAKE SURE NUMBERS ARE CORRECTLY REPORTED. VP FOR FINANCIAL AFFAIRS THEN PRESENTS 990 TO THE FINANCE COMMITTEE FOR REVIEW. THEY WILL THEN VOTE FOR APPROVAL. ONCE APPROVED THE 990 IS PRESENTED TO THE ENTIRE BOARD OF TRUSTEES FOR REVIEW. FINAL APPROVAL IS MADE BY THE BOARD BEFORE FILING OF THE RETURN. FORM 990, PART VI, SECTION B, LINE 15 THE PRESIDENT'S SALARY IS REVIEWED AND APPROVED BY THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES. SALARY SURVEYS ARE ALSO UTILIZED IN ORDER TO PROVIDE COMPARATIVE DATA FOR REVIEW PRIOR TO APPROVAL. OFFICERS SALARIES ARE SUGGESTED BY THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES PRIOR TO HIRE DATE. ONCE HIRED SALARIES ARE ADJUSTED BASED UPON PERFORMANCE AND RECOMMENDATIONS OF THE BOARD. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICIES, AND FINANCIAL STATEMENTS ARE ONLY AVAILABLE UPON REQUEST BY THE PUBLIC. FORM 990, PART IX, LINE 24E UNIFORMS AND OTHER SUPPLIES: PROGRAM SERVICE EXPENSES 160,915. MANAGEMENT AND GENERAL EXPENSES 109,217. FUNDRAISING EXPENSES 9,902. TOTAL EXPENSES 280,034. FACILITY FEES: PROGRAM SERVICE EXPENSES 249,935. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 249,935. INSTITUTIONAL INSURANCE: PROGRAM SERVICE EXPENSES 162,816. MANAGEMENT AND GENERAL EXPENSES 27,151. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 189,967. ATHLETIC TOURNAMENT EXPENSES: PROGRAM SERVICE EXPENSES 132,596. MANAGEMENT AND GENERAL EXPENSES 44,199. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 176,795. MAINTENANCE AND REPAIRS: PROGRAM SERVICE EXPENSES 145,968. MANAGEMENT AND GENERAL EXPENSES 16,837. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 162,805. COPYING AND PRINTING EXPENSE: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 161,735. FUNDRAISING EXPENSES 30. TOTAL EXPENSES 161,765. TELEPHONE EXPENSE: PROGRAM SERVICE EXPENSES 3,613. MANAGEMENT AND GENERAL EXPENSES 119,714. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 123,327. EQUIPMENT: PROGRAM SERVICE EXPENSES 66,942. MANAGEMENT AND GENERAL EXPENSES 53,153. FUNDRAISING EXPENSES 280. TOTAL EXPENSES 120,375. CAMPUS SAFETY: PROGRAM SERVICE EXPENSES 86,142. MANAGEMENT AND GENERAL EXPENSES 27,891. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 114,033. OTHER ATHLETIC EXPENSES: PROGRAM SERVICE EXPENSES 78,688. MANAGEMENT AND GENERAL EXPENSES 26,229. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 104,917. TUITION WAIVER: PROGRAM SERVICE EXPENSES 78,693. MANAGEMENT AND GENERAL EXPENSES 16,734. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 95,427. STUDENT INSURANCE: PROGRAM SERVICE EXPENSES 68,771. MANAGEMENT AND GENERAL EXPENSES 22,924. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 91,695. STUDENT ACTIVITY EXPENSE: PROGRAM SERVICE EXPENSES 53,434. MANAGEMENT AND GENERAL EXPENSES 16,267. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 69,701. LIBRARY EXPENSES: PROGRAM SERVICE EXPENSES 67,701. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 67,701. POSTAGE: PROGRAM SERVICE EXPENSES 2,290. MANAGEMENT AND GENERAL EXPENSES 54,006. FUNDRAISING EXPENSES 103. TOTAL EXPENSES 56,399. RESTRICTED EXPENDITURES: PROGRAM SERVICE EXPENSES 41,969. MANAGEMENT AND GENERAL EXPENSES 10,553. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 52,522. BANK/CREDIT CARD FEES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 43,912. FUNDRAISING EXPENSES 821. TOTAL EXPENSES 44,733. RECRUITMENT EXPENSE: PROGRAM SERVICE EXPENSES 32,315. MANAGEMENT AND GENERAL EXPENSES 7,327. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 39,642. COMMENCEMENT EXPENSES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 28,445. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 28,445. FACULTY DEVELOPMENT: PROGRAM SERVICE EXPENSES 25,299. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 25,299. INSTITUTIONAL ASSESSMENT: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 22,608. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 22,608. CHOIR EXPENSES: PROGRAM SERVICE EXPENSES 16,726. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 16,726. ENTERTAINMENT: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 5,487. FUNDRAISING EXPENSES 7,863. TOTAL EXPENSES 13,350. VEHICLE EXPENSES: PROGRAM SERVICE EXPENSES 10,089. MANAGEMENT AND GENERAL EXPENSES 3,096. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 13,185. HOMECOMING EXPENSES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 11,549. TOTAL EXPENSES 11,549. NETWORKING EXPENSES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 10,793. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 10,793. FACULTY/STAFF MEALS: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 9,564. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 9,564. ATHLETIC TEAM MEALS: PROGRAM SERVICE EXPENSES 5,829. MANAGEMENT AND GENERAL EXPENSES 1,943. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 7,772. MEDICAL SUPPLIES: PROGRAM SERVICE EXPENSES 2,529. MANAGEMENT AND GENERAL EXPENSES 843. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 3,372. RESIDENT LIFE EXPENSES: PROGRAM SERVICE EXPENSES 1,975. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,975. PHONATHON EXPENSE: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 1,366. TOTAL EXPENSES 1,366. OTHER GRANT EXPENDITURES: PROGRAM SERVICE EXPENSES -3,942. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES -3,942. COST OF ACCRUED VACATION: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES -61,721. FUNDRAISING EXPENSES 0. TOTAL EXPENSES -61,721. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF PERKINS LOAN -218. CHANGE IN VALUE OF TRUSTS HELD BY THIRD PARTY -34,440. ROUNDING 13. CHANGE IN VALUE OF SWAP AGREEMENT -8,908. 990 PART XII PAGE 12 LINE 2D THE OVERSIGHT PROCESS OR SELECTION PROCESS FOR THE FINANCIAL AUDIT HAS NOT CHANGED FROM THE PRIOR YEAR.