2015-02-11T08:32:53-06:00 2014-06-30 620647474 BLACKBURN CHILDERS & STEAGALL PLC 801B SUNSET DRIVE JOHNSON CITY TN 37604 990 2013-07-01 620484185 TUSCULUM COLLEGE TUSC 4236367300 P O BOX 5100 GREENEVILLE TN 37744 STEPHEN J GEHRET CFO, VP OF FINANCE 4236367300 2015-02-10 1 CHAD KISNER P00738241 4232824511 2015-02-10 2013 2016-02-25 16:41:14Z STEPHEN J GEHRET P O BOX 5100 GREENEVILLE TN 37744 41542396 0 X HTTP://WWW.TUSCULUM.EDU X 1794 TN OPERATION AND MAINTENANCE OF AN INSTITUTION OF HIGHER EDUCATION 22 19 1294 50 0 0 4058991 4469445 35966175 35978705 105545 304017 573914 790229 40704625 41542396 9660534 10785338 0 0 827238 16938545 0 61263 552382 28734140 12696011 39221912 40481157 1482713 1061239 86029350 91221435 27100897 29517438 58928453 61703997 TUSCULUM COLLEGE PROVIDES A LIBERAL ARTS EDUCATION IN A JUDEO-CHRISTIAN AND CIVIC ARTS ENVIRONMENT. 0 0 28221326 10785338 35897523 OPERATION OF COLLEGE 28221326 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 1 0 1 1 0 0 0 0 1 0 0 0 0 1 1 0 0 0 0 0 1 0 0 0 0 0 0 0 1 0 0 0 1 3987 0 1 1294 1 0 0 0 0 0 0 0 0 0 0 X 22 19 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 TN X STEPHEN J GEHRET CFO VP OF FINANCE 4236367300 TUSCULUM COLLEGE GREENEVILLE TN 37745 KENNETH A BOWMAN CHAIR 8.00 X X 0 0 0 JERRY F WARD VICE CHAIR 5.00 X X 0 0 0 MARK R WILLIAMS SECRETARY 5.00 X X 0 0 0 DWIGHT FERGUSON TREASURER 3.00 X X 0 0 0 DAVID M BAKER MEMBER AT LARGE 1.00 X 0 0 0 D LARRY BROTHERTON MEMBER AT LARGE 1.00 X 0 0 0 ALAN B CORLEY MEMBER AT LARGE 1.00 X 0 0 0 JUDITH KOFROTH DOMER MEMBER AT LARGE 1.00 X 0 0 0 DANIEL M DONALDSON MEMBER AT LARGE 1.00 X 0 0 0 JAMES F DURHAM MEMBER AT LARGE 1.00 X 0 0 0 TOM R FERGUSON MEMBER AT LARGE 1.00 X 0 0 0 ANNA B GAMBLE MEMBER AT LARGE 1.00 X 0 0 0 THOMAS J GARLAND MEMBER AT LARGE 1.00 X 0 0 0 CHARLOTTE O GRAY MEMBER AT LARGE 1.00 X 0 0 0 FRANK J HORSMAN MEMBER AT LARGE 1.00 X 0 0 0 LESTER D LATTANY MEMBER AT LARGE 1.00 X 0 0 0 SCOTT M NISWONGER MEMBER AT LARGE 1.00 X 0 0 0 DONALD R RABER MEMBER AT LARGE 1.00 X 0 0 0 PAUL E STANTON JR MEMBER AT LARGE 1.00 X 0 0 0 WILLIAM E STORY MEMBER AT LARGE 1.00 X 0 0 0 ANGELO A VOLPE MEMBER AT LARGE 1.00 X 0 0 0 ANN E WESTERVELT MEMBER AT LARGE 1.00 X 0 0 0 ROBERT H BAILEY LIFE TRUSTEE-NON-VOTING 1.00 X 0 0 0 FRANK M BROGDEN-THRU 090613 LIFE TRUSTEE-NON-VOTING 1.00 X 0 0 0 SAMUEL L DOAK LIFE TRUSTEE-NON-VOTING 1.00 X 0 0 0 JAMES A EMORY LIFE TRUSTEE-NON-VOTING 1.00 X 0 0 0 HUGH O JAYNES LIFE TRUSTEE-NON-VOTING 1.00 X 0 0 0 EDWARD J KORMONDY LIFE TRUSTEE-NON-VOTING 1.00 X 0 0 0 JANE SHANKS PILLONI LIFE TRUSTEE-NON-VOTING 1.00 X 0 0 0 JOSEPH S SCHWARTZ LIFE TRUSTEE-NON-VOTING 1.00 X 0 0 0 ANGUS R SHAW III LIFE TRUSTEE-NON-VOTING 1.00 X 0 0 0 JOAN BARBER SMITH LIFE TRUSTEE-NON-VOTING 1.00 X 0 0 0 WARREN L SNEAD-THRU 122013 LIFE TRUSTEE-NON-VOTING 1.00 X 0 0 0 JOSEPH J VOGT LIFE TRUSTEE-NON-VOTING 1.00 X 0 0 0 NANCY B MOODY PRESIDENT; EX-OFFICIO MEMBER 45.00 X 267406 0 10206 STEPHEN J GEHRET CFO AND VP OF FINANCE 45.00 X 142440 0 5410 THOMAS H STEIN-THRU 121713 VP OF ENROLLMENT MANAGEMENT 45.00 X 148814 0 8197 MELINDA DUKES VP OF ACADEMIC AFFAIRS/PRO 45.00 X 126250 0 4943 BLAIR F HENLEY VP OF INFORMATION SYSTEMS;CHIEF TECH OFFICER 45.00 X 121500 0 3791 HEATHER E PATCHETT VP OF INSTITUTIONAL ADVANCEMENT 45.00 X 111100 0 7980 FRANKIE T DEBUSK DIRECTOR OF ATHLETICS 45.00 X 108902 0 7904 1026412 0 48431 7 0 1 0 BURLESON CONSTRUCTION COMPANY INC 3216 SOUTH ROAN STREET JOHNSON CITY TN 37601 CONSTRUCTION SERVICES 1825847 SODEXO INC AND AFFILIATES 2 SHILOH ROAD P O BOX 5032 GREENEVILLE TN 37743 CAFETERIA SERVICES 1713258 TIAA-CREF P O BOX 933326 ATLANTA GA 311933326 MANAGE RETIREMENT PLAN 721601 FISHER AND ASSOCIATES 511 TUSCULUM BOULEVARD GREENEVILLE TN 37745 ARCHITECT SERVICES 417564 THE INDEPENDENT COLLEGE ENTERPRISE 2300 MACCORKLE AVENUE SE CHARLESTON WV 25304 HOST FOR COMPUTER SOFTWARE-COLLEAGUE 348493 13 51158 1660463 2757824 12000 4469445 TUITION AND FEES 611710 28340556 28340556 AUXILIARY ENTERPRISES 611710 7161489 7161489 OTHER INCOME 611710 476660 395478 81182 35978705 304017 304017 ENDOWMENT INCOME (LOSS) 611710 790229 790229 790229 41542396 35897523 0 1175428 10785338 10785338 1013045 301515 599330 112200 13427529 11830384 1333244 263901 182728 136555 38651 7522 1962015 1708255 233344 20416 353228 176614 147842 28772 40743 40743 91363 91363 61263 61263 104216 104216 54920 54920 643659 541383 91342 10934 261508 192861 67079 1568 800554 132724 665667 2163 2254039 376210 1874151 3678 767193 737748 20453 8992 16702 15152 395 1155 791192 791192 2186630 2186630 497528 209417 288111 ALL OTHER EXPENSES 1861604 518763 1324407 18434 FOOD SERVICE 1584998 17308 1558641 9049 PROGRAM SUPPLIES 601146 438543 162603 MEMBERSHIPS 138016 47636 88045 2335 40481157 28221326 11707449 552382 1261 1311 2737422 2406469 2019636 3497175 2681676 2325832 822189 830341 436505 443350 125599 91526 87329390 27305573 58340038 60023817 18825024 21600424 40000 1190 86029350 91221435 1895097 1906033 1586930 301991 22709187 26230825 909683 1078589 27100897 29517438 X 39400319 39546855 6200938 8674395 13327196 13482747 58928453 61703997 86029350 91221435 X 1061239 1457427 256878 X X 0 1 X 1 1 1 X 3011261 3457993 6192656 4058991 4469445 21190346 3011261 3457993 6192656 4058991 4469445 21190346 4288420 16901926 -161155 335451 437608 679459 1094246 2385609 367086 183511 254707 336657 81182 1223143 24799098 169578978 0.68160 X SCHEDULE A, PART I, LINES 2 AND 7 TUSCULUM COLLEGE RECEIVED AN IRS DETERMINATION LETTER FEBRUARY, 1934 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. PER THE 2013 INSTRUCTIONS FOR SCHEDULE B, SCHEDULE OF CONTRIBUTORS, THE INTERNAL REVENUE SERVICE HAS CLARIFIED THAT IN ORDER FOR THE COLLEGE 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)9A)(VI). RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 17140775 162697 1886895 -400000 -1230165 17560202 17916716 150162 996170 -270000 -1652273 17140775 16813326 757682 610708 -265000 17916716 15908835 723127 405277 -223913 16813326 14038945 477130 1843744 -450984 15908835 0.09530 0.81360 0.09110 0 1 1 324290 324290 81270708 23915586 57355122 3341263 1794176 1547087 2393129 1595811 797318 60023817 LONG-TERM INVESTMENTS 21600424 F 21600424 ADVANCES FROM FEDERAL GOVERNMENT FOR STUDENT LOANS 819763 DUE TO RELATED ORGANIZATION 8985 CAPITAL LEASE 249841 1078589 X 32891405 1457427 388410 1845837 31045568 10496828 10496828 41542396 30046946 11459 11459 30035487 10445670 10445670 40481157 PART V, LINE 4: THE COLLEGE'S PERMANENTLY RESTRICTED NET ASSETS (ENDOWMENT FUNDS) ARE COMPOSED OF FUNDS RESTRICTED FOR GENERAL USE, SCHOLARSHIPS, PLANT, CHAIRS, AND OTHER. PART X, LINE 2: NOTE 14 - UNCERTAINTY IN INCOME TAXES THE COLLEGE FOLLOWS THE FASB ACCOUNTING STANDARDS CODIFICATION, WHICH PROVIDES GUIDANCE ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES RECOGNIZED IN AN ORGANIZATION'S FINANCIAL STATEMENTS. AS OF JUNE 30, 2014 AND 2013, THE COLLEGE HAD NO UNCERTAIN TAX POSITIONS THAT QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE COLLEGE'S CONSOLIDATED FINANCIAL STATEMENTS. THE COLLEGE'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, 2014 AND 2013. GENERALLY, THE TAX YEARS BEFORE 2011 ARE NO LONGER SUBJECT TO EXAMINATION BY FEDERAL TAXING AUTHORITIES. PART XI, LINE 2D - OTHER ADJUSTMENTS: REVENUES OF EXEMPT PRIVATE FOUNDATION 131,532. CHANGE IN VALUE OF CHARITABLE GIFT ANNUITIES 256,878. PART XI, LINE 4B - OTHER ADJUSTMENTS: INSTITUTIONAL SCHOLARSHIPS OFFSETTING STUDENT TUITION AND FEES 10,445,670. DONATION FROM EXEMPT PRIVATE FOUNDATION 51,158. PART XII, LINE 2D - OTHER ADJUSTMENTS: EXPENSES OF EXEMPT PRIVATE FOUNDATION 11,459. PART XII, LINE 4B - OTHER ADJUSTMENTS: INSTITUTIONAL SCHOLARSHIPS OFFSETTING STUDENT TUITION AND FEES 10,445,670. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 THIS POLICY IS USED IN ALL RECRUITMENT MATERIAL FOR STUDENTS AND IS DEFINED IN THE STUDENT HANDBOOK. SCHEDULE E, PART I, LINE 6 THE ONLY GOVERNMENTAL AGENCY THAT PROVIDES FINANCIAL ASSISTANCE IS THE UNITED STATES DEPARTMENT OF EDUCATION. X X X X X X 1 GONSER GERBER LLP 1775 LEGACY CIRCLE SUITE 100 NAPERVILLE IL 60563 ADVANCEMENT CONSULTANTS 0 61693 61263 430 61693 61263 430 TN SCHEDULE G, PART I, LINE 2B, COLUMN (V) GONSER GERBER, LLP ARE ADVANCEMENT CONSULTANTS WHO PROVIDE COMPPREHENSIVE INSTITUTIONAL ADVANCEMENT SERVICES TO NONPROFIT ORGANIZATIONS. TUSCULUM COLLEGE ENGAGED THIS ORGANIZATION TO AID THEM IN THE COLLEGE'S FUNDRASING ACTIVITIES. 1 CASH SCHOLARSHIPS FOR STUDENTS ATTENDING TUSCULUM COLLEGE IN GREENE COUNTY, TENNESSEE. 1766 10785338 N/A N/A PART I, LINE 2: THE COLLEGE DOES NOT GIVE ANY NON-CASH SCHOLARSHIPS. SCHOLARSHIPS ARE DISBURSED TO STUDENTS THROUGH CREDITING THEIR STUDENT ACCOUNTS. IF THE STUDENT HAS ANY EXCESS SCHOLARSHIP FUNDS OVER THEIR CHARGES, THESE FUNDS ARE DISBURSED TO THE STUDENT BY CHECK. THE COLLEGE'S PROCEDURES FOR MONITORING GRANT FUNDS IN THE U.S. ARE AS FOLLOWS: THE COLLEGE 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 COLLEGE'S CONTROLLER AFTER REQUESTS ARE MADE BY THE DIRECTOR TO THE CONTROLLER. THE CONTROLLER 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 COLLEGE'S INDEPENDENT AUDITORS. X X 1 1 X X X X 0 0 0 0 0 0 0 0 0 NANCY B MOODY PRESIDENT; EX-OFFICIO MEMBER 236925 0 0 0 30481 0 4448 0 5758 0 277612 0 0 0 THOMAS H STEIN-THRU 121713 VP OF ENROLLMENT MANAGEMENT 138107 0 0 0 10707 0 2515 0 5682 0 157011 0 0 0 PART I, LINE 1A TUSCULUM COLLEGE OWNS A HOUSE ON THE COLLEGE'S CAMPUS WHERE THE PRESIDENT (NANCY B. MOODY) LIVES. DURING THE COLLEGE'S SEARCH FOR A PRESIDENT, IT WAS STIPULATED THAT THE COLLEGE WANTED THE PRESIDENT TO LIVE ON CAMPUS. THE PRESIDENT'S HOUSE (WHICH IS ON CAMPUS) IS CLEANED BY CAMPUS HOUSEKEEPING SERVICES (THE SAME ONES THAT CLEAN STUDENT DORMS). PART I, LINE 1B PROVISIONS FOR THE PRESIDENT'S ON-CAMPUS RESIDENCE WERE INCLUDED IN HER WRITTEN EMPLOYMENT CONTRACT. PART I, LINE 3 THE BOARD OF TRUSTEES HAS A COMPENSATION COMMITTEE FOR THE COMPENSATION OF THE PRESIDENT. THE COMPENSATION COMMITTEE REVIEWED FORM 990'S OF PEER INSTITUTIONS WHEN DETERMINING THE PRESIDENT'S COMPENSATION. AS STATED ABOVE, PROVISIONS FOR THE PRESIDENT'S ON-CAMPUS RESIDENCE WERE INCLUDED IN HER WRITTEN EMPLOYMENT CONTRACT. PART I, LINE 5 NOT APPLICABLE PART I, LINE 6 NOT APPLICABLE PART I, LINE 7 NONE NOTED PART I, LINE 8 NONE NOTED SCOTT M NISWONGER MEMBER OF THE BOARD OF TRUSTEES 7000000 MR. SCOTT M. NISWONGER, A MEMBER OF THE BOARD OF FIRST HORIZONS NATIONAL CORPORATIONS, WHICH IS THE HOLDING COMPANY FOR FIRST TENNESSEE BANK, IS A MEMBER OF THE COLLEGE'S BOARD OF TRUSTEES. THE COLLEGE HAS A $6,000,000 LINE OF CREDIT WITH FIRST TENNESSEE BANK, OF WHICH $6,000,000 HAS BEEN DRAWN UPON AND REPAID IN FULL AS OF 06/30/14. THE COLLEGE ALSO HAS A $1,000,000 LINE OF CREDIT WITH FIRST TENNESSEE BANK, OF WHICH $1,000,000 HAS BEEN DRAWN UPON AS OF 06/30/14. 0 DONALD R RABER MEMBER OF THE BOARD TRUSTEES AND MEMBER OF THE INVESTMENT COMMITTEE 432000 MR. DONALD R. RABER, PRESIDENT OF ALDEBARAN FINANCIAL, INC. IS A MEMBER OF THE BOARD TRUSTEES AND A MEMBER OF THE INVESTMENT COMMITTEE OF THE COLLEGE. AS OF 06/30/14, MR. RABER MANAGES APPROXIMATELY $432,000 OF THE COLLEGE'S UNRESTRICTED CASH IN SHORT-TERM CASH AND CASH EQUIVALENTS. MR. RABER AND ALDEBARAN FINANCIAL, INC., IN THIS CAPACITY, RECEIVE NO BENEFIT FROM PROVIDING THESE SERVICES. 0 MARK R WILLIAMS SECRETARY OF THE BOARD OF TRUSTEES 281341 MR. MARK WILLIAMS, A BROKER AT CENTURY 21, LEGACY, AND A DIRECTOR OF THE BOARD OF ANDREW JOHNSON BANK, IS THE SECRETARY OF TUSCULUM COLLEGE'S BOARD OF TRUSTEES. AS A TRUSTEE, HE GAINS ACCESS TO NEW EMPLOYEE HIRES IN ORDER TO APPROACH THEM AS A BROKER AGENT FOR REAL ESTATE SALES AND ACQUISITIONS. THE COLLEGE HAS A BANKING RELATIONSHIP WITH ANDREW JOHNSON BANK - TWO CHECKING ACCOUNTS ($281,341 AS OF 06/30/14). 0 NISWONGER FOUNDATION INC RECIPIENT OF USE OF FACILITIES AND CONTRIBUTOR TO COLLEGE 180000 NISWONGER FOUNDATION, INC. OPERATES ON THE TUSCULUM COLLEGE CAMPUS AND PROVIDES VARIOUS GRANTS TO THE COLLEGE. TUSCULUM COLLEGE ALLOWS THE FOUNDATION TO OPERATE ON THE COLLEGE FREE OF CHARGE. HOWEVER, THE COLLEGE BILLS THE FOUNDATION FOR ANNUAL CHARGES RELATING TO SOME OF THE STAFF MEMBERS' SALARIES ADN OTHER ADMINISTRATIVE EXEPNSES THAT THE COLLEGE PAYS FOR THE FOUNDATION THROUGHOUT THE YEAR ($83,000 FOR THE YEAR ENDED 06/30/14). NISWONGER FOUNDATION, INC. IS ALSO A PARTNER OF THE NORTHEAST TENNESSEE COLLEGE AND CAREER READINESS CONSORTIUM. THE COLLEGE PLANS TO USE THE EQUIPMENT FOR STUDY ABROAD CLASSES. FOR THE YEAR ENDED 06/30/14, THE FOUNDATION AND THE CONSORTIUM DONATED A TOTAL OF $97,000 TO THE COLLEGE. 0 FORM 990, PART VI, SECTION B, LINE 11 THE FORM 990 WILL BE PRESENTED BY AN INDEPENDENT CPA FIRM TO THE AUDIT COMMITTEE. THE AUDIT COMMITTEE WILL REVIEW THE FORM 990, AND WILL THEN HAVE A TEN DAY PERIOD OF TIME TO COMMENT. AFTER THIS TEN DAY PERIOD, THE FULL BOARD OF TRUSTEES WILL REVIEW THE FORM 990, AND WILL ALSO HAVE A TEN DAY PERIOD OF TIME TO COMMENT. THE BOARD OF TRUSTEES WILL THEN VOTE ON THE ACCEPTANCE OF THE FORM 990, WHICH WILL THEN BE FILED WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C ANNUALLY, EACH MEMBER OF THE BOARD OF TRUSTEES SUBMITS A SIGNED CONFLICT OF INTEREST AGREEMENT. AT THIS TIME, ANY KNOWN CONFLICTS OR POTENTIAL CONFLICTS OF INTEREST ARE DISCLOSED TO THE GOVERNING BODY. SHOULD THE POTENTIAL OF A CONFLICT OF INTEREST ARISE, THE SUBJECT WILL BE DISCLOSED AND THE GOVERNING BOARD MEMBER WILL EXCUSE THEMSELVES FROM VOTING ON THE MATTER IN QUESTION. FORM 990, PART VI, SECTION B, LINE 15 THE CEO'S COMPENSATION IS REVIEWED BY THE BOARD OF TRUSTEES AND NEGOTIATED BY ONE'S LENGTH OF SERVICE BY THE CHAIRMAN OF THE BOARD ON THE ADVICE FROM AN INDEPENDENT COUNSEL TO THE GOVERNING BOARD. OTHER OFFICERS OR KEY EMPLOYEES RECEIVE A BI-ANNUAL EVALUATION, AT WHICH TIME COMPENSATION IS COMPARABLE WITH CUPA-HR DATA. THE EVALUATION DOCUMENT IS REVIEWED AND APPROVED BY THE PRESIDENT. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF CHARITABLE GIFT ANNUITIES 256,878. FORM 990, PART XII, LINE 2C TUSCULUM COLLEGE'S PROCESS FOR ITS AUDIT COMMITTEE, WHICH ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE ANNUAL AUDIT OF ITS FINANCIAL STATEMENTS AND FOR THE SELECTION OF AN INDEPENDENT ACCOUNTANT, HAS NOT CHANGED FROM THE PRIOR YEAR. TUSCULUM TOMORROW TRUST P O BOX 5100 GREENEVILLE TN 37743 621159245 PROVIDES CHARITABLE GRANTS TO TUSCULUM COLLEGE TN 501(C)(3) PF TUSCULUM COLLEGE 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 TUSCULUM TOMORROW TRUST C 51158 CASH RECEIPTS