TUSCULUM UNIVERSITY: Form 990, tax year 2012
View the entire original 990 at ProPublica ↗
- Organization
- TUSCULUM UNIVERSITY (EIN 62-0484185)
- Tax period
- 2012-07-01 to 2013-06-30
- Filed
- 2014-02-11
- IRS object ID
- 201410429349300006
- Schema version
- 2012v2.1
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990
- Schedule A
- Schedule B
- Schedule D
- Schedule E
- Schedule I
- Schedule J
- Schedule L
- Schedule O
- Schedule R
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2014-02-11T07:26:34-06:00 | Timestamp |
| Tax Period End Date | 2013-06-30 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 620647474 | EIN |
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | BLACKBURN CHILDERS & STEAGALL PLC | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1361 S WILCOX DRIVE | AddressLine1 |
| City | KINGSPORT | City |
| State | TN | State |
| ZIP Code | 37660 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2012-07-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 620484185 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | TUSCULUM COLLEGE | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | TUSC | NameControl |
| Phone | 4236367300 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | P O BOX 5100 | AddressLine1 |
| City | GREENEVILLE | City |
| State | TN | State |
| ZIP Code | 37744 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | STEPHEN J GEHRET | Name |
| Title | CFO, VP OF FINANCE | Title |
| Phone | 4236367300 | Phone |
| Date Signed | 2014-02-10 | DateSigned |
| Authorize Third Party | 1 | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | CHAD KISNER | Name |
| PTIN | P00738241 | PTIN |
| Phone | 4232461725 | Phone |
| Date Prepared | 2014-02-10 | DatePrepared |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2012 | TaxYear |
| Build TS | 2015-11-30 17:44:51Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | STEPHEN J GEHRET | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | P O BOX 5100 | AddressLine1 |
| City | GREENEVILLE | City |
| State | TN | State |
| ZIP Code | 37744 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 40704625 | GrossReceipts |
| Group Return For Affiliates | 0 | GroupReturnForAffiliates |
| Organization501c3 | X | Organization501c3 |
| Web Site | HTTP://WWW.TUSCULUM.EDU | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1794 | YearFormation |
| State Legal Domicile | TN | StateLegalDomicile |
| Activity Or Mission Description | OPERATION AND MAINTENANCE OF AN INSTITUTION OF HIGHER EDUCATION | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 27 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 8 | NbrIndependentVotingMembers |
| Total Nbr Employees | 1233 | TotalNbrEmployees |
| Total Nbr Volunteers | 50 | TotalNbrVolunteers |
| Total Gross UBI | 0 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | 0 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 6192656 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 4058991 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 34243842 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 35966175 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 21801 | InvestmentIncomePriorYear |
| Investment Income Current Year | 105545 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 415807 | OtherRevenuePriorYear |
| Other Revenue Current Year | 573914 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 40874106 | TotalRevenuePriorYear |
| Total Revenue Current Year | 40704625 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 9134877 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 9660534 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members Prior Year | 0 | BenefitsPaidToMembersPriorYear |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 858452 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 827238 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp Prior Year | 0 | TotalProfFundrsngExpPriorYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 605660 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 27016499 | OtherExpensePriorYear |
| Other Expenses Current Year | 28734140 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 37009828 | TotalExpensesPriorYear |
| Total Expenses Current Year | 39221912 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | 3864278 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | 1482713 | RevenuesLessExpensesCY |
| Total Assets BOY | 79655196 | TotalAssetsBOY |
| Total Assets EOY | 86029350 | TotalAssetsEOY |
| Total Liabilities BOY | 22798443 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 27100897 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 56856753 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 58928453 | NetAssetsOrFundBalancesEOY |
| Mission Description | TUSCULUM COLLEGE PROVIDES A LIBERAL ARTS EDUCATION IN A JUDEO-CHRISTIAN AND CIVIC ARTS ENVIRONMENT. | MissionDescription |
| Significant New Program Services | 0 | SignificantNewProgramServices |
| Significant Change | 0 | SignificantChange |
| Expense | 26796291 | Expense |
| Grants | 9660534 | Grants |
| Revenue | 28862043 | Revenue |
| Description | OPERATION OF COLLEGE | Description |
| Total Program Service Expense | 26796291 | TotalProgramServiceExpense |
| Described In501 C3 | 1 | DescribedIn501C3 |
| Schedule B Required | 1 | ScheduleBRequired |
| Political Activities | 0 | PoliticalActivities |
| Lobbying Activities | 0 | LobbyingActivities |
| Subject To Proxy Tax | 0 | SubjectToProxyTax |
| Donor Advised Funds | 0 | DonorAdvisedFunds |
| Conservation Easements | 0 | ConservationEasements |
| Collections Of Art | 0 | CollectionsOfArt |
| Credit Counseling | 0 | CreditCounseling |
| Term Or Permanent Endowments | 1 | TermOrPermanentEndowments |
| Report Land Bldg Equip | 1 | ReportLandBldgEquip |
| Report Invest Oth Securities | 1 | ReportInvestOthSecurities |
| Report Prog Rel Invest | 0 | ReportProgRelInvest |
| Report Other Assets | 0 | ReportOtherAssets |
| Report Other Liabilities | 1 | ReportOtherLiabilities |
| Report Fin48 Footnote | 1 | ReportFin48Footnote |
| Independent Audit Financial Stmt | 0 | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | 1 | ConsolidatedAuditFinancialStmt |
| School | 1 | School |
| Foreign Office | 0 | ForeignOffice |
| Foreign Activities | 0 | ForeignActivities |
| More Than5000 K To Organizations | 0 | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividuals |
| Professional Fundraising | 0 | ProfessionalFundraising |
| Fundraising Activities | 0 | FundraisingActivities |
| Gaming | 0 | Gaming |
| Hospital | 0 | Hospital |
| Grants To Organizations | 0 | GrantsToOrganizations |
| Grants To Individuals | 1 | GrantsToIndividuals |
| Schedule J Required | 1 | ScheduleJRequired |
| Tax Exempt Bonds | 0 | TaxExemptBonds |
| Excess Benefit Transaction | 0 | ExcessBenefitTransaction |
| Prior Excess Benefit Transaction | 0 | PriorExcessBenefitTransaction |
| Loan To Officer Or DQP | 0 | LoanToOfficerOrDQP |
| Grant To Related Person | 0 | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | 1 | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | 0 | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | 1 | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | 0 | DeductibleNonCashContributions |
| Deductible Contributions Of Art | 0 | DeductibleContributionsOfArt |
| Terminated | 0 | Terminated |
| Partial Liquidation | 0 | PartialLiquidation |
| Disregarded Entity | 0 | DisregardedEntity |
| Related Entity | 1 | RelatedEntity |
| Related Org Controlled Entity | 0 | RelatedOrgControlledEntity |
| Transfers To Exempt Non Chrtbl Org | 0 | TransfersToExemptNonChrtblOrg |
| Activities Conducted Partnership | 0 | ActivitiesConductedPartnership |
| Schedule O Required | 1 | ScheduleORequired |
| Number Forms Transmitted With1096 | 2862 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Compliance With Backup Witholding | 1 | ComplianceWithBackupWitholding |
| Number Of Employees | 1233 | NumberOfEmployees |
| Employment Tax Returns Filed | 1 | EmploymentTaxReturnsFiled |
| Unrelated Business Income | 0 | UnrelatedBusinessIncome |
| Foreign Financial Account | 0 | ForeignFinancialAccount |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTrans |
| Taxable Party Notification | 0 | TaxablePartyNotification |
| Non Deductible Contributions | 0 | NonDeductibleContributions |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributions |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOf |
| Funds To Pay Premiums | 0 | FundsToPayPremiums |
| Premiums Paid | 0 | PremiumsPaid |
| Indoor Tanning Services | 0 | IndoorTanningServices |
| Info In Schedule O Part VI | X | InfoInScheduleOPartVI |
| Nbr Voting Governing Body Members | 27 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 8 | NumberIndependentVotingMembers |
| Family Or Business Relationship | 0 | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | 0 | DelegationOfManagementDuties |
| Changes To Organizing Docs | 0 | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuse |
| Members Or Stockholders | 0 | MembersOrStockholders |
| Election Of Board Members | 0 | ElectionOfBoardMembers |
| Decisions Subject To Approval | 0 | DecisionsSubjectToApproval |
| Minutes Of Governing Body | 1 | MinutesOfGoverningBody |
| Minutes Of Committees | 1 | MinutesOfCommittees |
| Officer Mailing Address | 0 | OfficerMailingAddress |
| Local Chapters | 0 | LocalChapters |
| Form990 Provided To Governing Body | 1 | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | 1 | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | 1 | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | 1 | RegularMonitoringEnforcement |
| Whistleblower Policy | 1 | WhistleblowerPolicy |
| Document Retention Policy | 1 | DocumentRetentionPolicy |
| Compensation Process CEO | 1 | CompensationProcessCEO |
| Compensation Process Other | 1 | CompensationProcessOther |
| Investment In Joint Venture | 0 | InvestmentInJointVenture |
| States Where Copy Of Return Is Filed | TN | StatesWhereCopyOfReturnIsFiled |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
Name Business NameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | STEPHEN J GEHRET CFO VP OF FINANCE | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Telephone Number | 4236367300 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | TUSCULUM COLLEGE | AddressLine1 |
| City | GREENEVILLE | City |
| State | TN | State |
| ZIP Code | 37745 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionA (42 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | OfficerOfficer | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation | Highest Compensated EmployeeHighestCompensatedEmployee |
|---|---|---|---|---|---|---|---|
| KENNETH A BOWMAN | |||||||
| CHAIR | 8.00 | 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 | |
| ROBERT H BAILEY | |||||||
| LIFE TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||
| DAVID W BAKER | |||||||
| MEMBER AT LARGE | 1.00 | X | 0 | 0 | 0 | ||
| FRANK M BROGDEN | |||||||
| LIFE TRUSTEE | 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 | ||
| SAMUEL L DOAK | |||||||
| LIFE TRUSTEE | 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 | ||
| JAMES A EMORY | |||||||
| LIFE TRUSTEE | 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 | ||
| BRANDON C HULL | |||||||
| MEMBER AT LARGE | 1.00 | X | 0 | 0 | 0 | ||
| EDWARD J KORMONDY | |||||||
| MEMBER AT LARGE | 1.00 | X | 0 | 0 | 0 | ||
| LESTER D LATTANY | |||||||
| MEMBER AT LARGE | 1.00 | X | 0 | 0 | 0 | ||
| S WILEY MILLIGAN | |||||||
| LIFE TRUSTEE | 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 | ||
| JANE SHANKS PILLONI | |||||||
| LIFE TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||
| JOSEPH S SCHWARTZ | |||||||
| LIFE TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||
| ANGUS R SHAW III | |||||||
| LIFE TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||
| JOAN BARBER SMITH | |||||||
| LIFE TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||
| WARREN L SNEAD | |||||||
| LIFE TRUSTEE | 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 | ||
| JOSEPH J VOGT | |||||||
| LIFE TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||
| ANGELO A VOLPE | |||||||
| MEMBER AT LARGE | 1.00 | X | 0 | 0 | 0 | ||
| JERRY F WARD | |||||||
| MEMBER AT LARGE | 1.00 | X | 0 | 0 | 0 | ||
| ANN E WESTERVELT | |||||||
| MEMBER AT LARGE | 1.00 | X | 0 | 0 | 0 | ||
| NANCY B MOODY | |||||||
| EX-OFFICIO MEMBER; PRESIDENT | 45.00 | X | 267950 | 0 | 9949 | ||
| STEPHEN J GEHRET | |||||||
| CFO AND VP OF FINANCE | 45.00 | X | 142758 | 0 | 5274 | ||
| THOMAS H STEIN | |||||||
| VP FOR ENROLLMENT MANAGEMENT | 45.00 | X | 130000 | 0 | 8060 | ||
| MELINDA DUKES | |||||||
| VP OF ACADEMIC AFFAIRS/PROVOST | 45.00 | X | 125000 | 0 | 2500 | ||
| BLAIR F HENLEY | |||||||
| CHIEF TECH OFFICER/VP-INFORMATION SYSTEMS | 45.00 | X | 120000 | 0 | 2460 | ||
| HEATHER E PATCHETT | |||||||
| VP OF INSTITUTIONAL ADVANCEMENT | 45.00 | 110000 | 0 | 7756 | X | ||
| FRANKIE T DEBUSK | |||||||
| DIRECTOR OF ATHLETICS | 45.00 | 106240 | 0 | 7681 | X | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 1001948 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 0 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 43680 | TotalOtherCompensation |
| Number Individuals GT100 K | 7 | NumberIndividualsGT100K |
| Formers Listed | 0 | FormersListed |
| Total Comp GT150 K | 1 | TotalCompGT150K |
| Compensation From Other Sources | 0 | CompensationFromOtherSources |
Contractor Compensation ContractorCompensation (5 entries)
| Address Line1AddressOfContractor/AddressUS/AddressLine1 | CityAddressOfContractor/AddressUS/City | StateAddressOfContractor/AddressUS/State | ZIP CodeAddressOfContractor/AddressUS/ZIPCode | Description Of ServicesDescriptionOfServices | CompensationCompensation |
|---|---|---|---|---|---|
| BURLESON CONSTRUCTION COMPANY INC | |||||
| 3216 SOUTH ROAN STREET | JOHNSON CITY | TN | 37601 | CONSTRUCTION | 2260212 |
| SODEXO INC AND AFFILIATES | |||||
| 2 SHILOH ROAD P O BOX 5032 | GREENEVILLE | TN | 37743 | CAFETERIAL VENDOR | 1665512 |
| THE INDEPENDENT COLLEGE ENTERPRISE | |||||
| 2300 MACCORKLE AVENUE SE | CHARLESTON | WV | 25304 | HOST FOR COMPUTER SOFTWARE-COLLEAGUE | 762940 |
| TIAA-CREF | |||||
| P O BOX 933326 | ATLANTA | GA | 311933326 | MANAGE RETIREMENT PLAN | 697929 |
| ROCKY TOP MATERIALS | |||||
| 2707 JOHN DEERE DRIVE | KNOXVILLE | TN | 37917 | SUPPLIER/CONSTR-USDA RES HALL CONSTRUCTI | 220887 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 10 | NumberOfContractorsGT100K |
| Related Organizations | 32000 | RelatedOrganizations |
| Government Grants | 1780985 | GovernmentGrants |
| All Other Contributions | 2246006 | AllOtherContributions |
| Noncash Contributions | 20705 | NoncashContributions |
| Total Contributions | 4058991 | TotalContributions |
Program Service Revenue ProgramServiceRevenue (3 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome | ExclusionExclusionAmount |
|---|---|---|---|---|
| TUITION AND FEES | 611710 | 28862043 | 28862043 | |
| AUXILIARY ENTERPRISES | 611710 | 6767475 | $6,767,475 | |
| OTHER INCOME | 611710 | 336657 | $336,657 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 35966175 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 105545 | TotalRevenueColumn |
| Exclusion | $105,545 | ExclusionAmount |
Other Revenue Misc OtherRevenueMisc
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | ENDOWMENT INCOME (LOSS) | Description |
| Business Code | 611710 | BusinessCode |
| Total Revenue Column | 573914 | TotalRevenueColumn |
| Exclusion | $573,914 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Revenue | 573914 | TotalOtherRevenue |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 40704625 | TotalRevenueColumn |
| Related Or Exempt Function Income | 28862043 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 0 | UnrelatedBusinessRevenue |
| Exclusion | $7,783,591 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part IX | X | InfoInScheduleOPartIX |
Grants To Domestic Individuals GrantsToDomesticIndividuals
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 9660534 | Total |
| Program Services | 9660534 | ProgramServices |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 827238 | Total |
| Program Services | 272107 | ProgramServices |
| Management And General | 555131 | ManagementAndGeneral |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1704371 | Total |
| Program Services | 375477 | ProgramServices |
| Management And General | 1328894 | ManagementAndGeneral |
Interest Interest
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 847516 | Total |
| Management And General | 847516 | ManagementAndGeneral |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1721058 | Total |
| Management And General | 1721058 | ManagementAndGeneral |
Other Expenses OtherExpenses (4 entries)
| DescriptionDescription | TotalTotal | Program ServicesProgramServices | Management And GeneralManagementAndGeneral | FundraisingFundraising |
|---|---|---|---|---|
| INSTRUCTION | 7399109 | 7399109 | ||
| STUDENT SERVICES | 5627237 | 5627237 | ||
| INSTITUTION SUPPORT | 4799411 | 4193751 | 605660 | |
| AUXILIARY ENTERPRISES | 2693951 | 2693951 |
All Other Expenses AllOtherExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 3941487 | Total |
| Program Services | 3461827 | ProgramServices |
| Management And General | 479660 | ManagementAndGeneral |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 39221912 | Total |
| Program Services | 26796291 | ProgramServices |
| Management And General | 11819961 | ManagementAndGeneral |
| Fundraising | 605660 | Fundraising |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1261 | BOY |
| EOY | 1261 | EOY |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2110000 | BOY |
| EOY | 2737422 | EOY |
Pledges And Grants Receivable PledgesAndGrantsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2469238 | BOY |
| EOY | 2019636 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1943899 | BOY |
| EOY | 2681676 | EOY |
Other Notes Loans Receivable Net OtherNotesLoansReceivableNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1140547 | BOY |
| EOY | 822189 | EOY |
Inventories For Sale Or Use InventoriesForSaleOrUse
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 402379 | BOY |
| EOY | 436505 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 88212 | BOY |
| EOY | 125599 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 83973640 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 25633602 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 55124386 | BOY |
| EOY | 58340038 | EOY |
Investments Other Securities InvestmentsOtherSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 16267075 | BOY |
| EOY | 18825024 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 108199 | BOY |
| EOY | 40000 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 79655196 | BOY |
| EOY | 86029350 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1073178 | BOY |
| EOY | 1895097 | EOY |
Deferred Revenue DeferredRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1710868 | BOY |
| EOY | 1586930 | EOY |
Tax Exempt Bond Liabilities TaxExemptBondLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 18942164 | BOY |
| EOY | 0 | EOY |
Mort Notes Pybl Secured Invest Prop MortNotesPyblSecuredInvestProp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 162550 | BOY |
| EOY | 22709187 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 909683 | BOY |
| EOY | 909683 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 22798443 | BOY |
| EOY | 27100897 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 39128467 | BOY |
| EOY | 39400319 | EOY |
Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 3749150 | BOY |
| EOY | 6200938 | EOY |
Permanently Restricted Net Assets PermanentlyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 13979136 | BOY |
| EOY | 13327196 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 56856753 | BOY |
| EOY | 58928453 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 79655196 | BOY |
| EOY | 86029350 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | X | InfoInScheduleOPartXI |
| Reconcilation Revenue Expenses | 1482713 | ReconcilationRevenueExpenses |
| Reconciliation Unrealized Invest | 419522 | ReconciliationUnrealizedInvest |
| Reconcilation Other Changes | 169465 | ReconcilationOtherChanges |
| Info In Schedule O Part XII | X | InfoInScheduleOPartXII |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | 0 | AccountantCompileOrReview |
| FS Audited | 1 | FSAudited |
FS Audited Basis FSAuditedBasis
| Field | Value | IRS element (for citing) |
|---|---|---|
| Financial Statement Consolidated | X | FinancialStatementConsolidated |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | 1 | AuditCommittee |
| Federal Grant Audit Required | 1 | FederalGrantAuditRequired |
| Federal Grant Audit Performed | 1 | FederalGrantAuditPerformed |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Hospital170b1 Aiii | X | Hospital170b1Aiii |
Schedule B IRS990ScheduleB
Contributor Info ContributorInfo
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor Number | RESTRICTED | ContributorNumber |
Contributor Name Business ContributorNameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor Address US ContributorAddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Aggregate Contributions | RESTRICTED | AggregateContributions |
Schedule D IRS990ScheduleD
Current Year CurrentYear
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 17916716 | BeginningOfYearBalance |
| Contributions | 150162 | Contributions |
| Investment Earnings Or Losses | 996170 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | -270000 | GrantsOrScholarships |
| Administrative Expenses | -1652273 | AdministrativeExpenses |
| End Of Year Balance | 17140775 | EndOfYearBalance |
Current Year Minus1 Year CurrentYearMinus1Year
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 16813326 | BeginningOfYearBalance |
| Contributions | 757682 | Contributions |
| Investment Earnings Or Losses | 610708 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | -265000 | GrantsOrScholarships |
| End Of Year Balance | 17916716 | EndOfYearBalance |
Current Year Minus2 Years CurrentYearMinus2Years
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 15908835 | BeginningOfYearBalance |
| Contributions | 723127 | Contributions |
| Investment Earnings Or Losses | 405277 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | -223913 | GrantsOrScholarships |
| End Of Year Balance | 16813326 | EndOfYearBalance |
Current Year Minus3 Years CurrentYearMinus3Years
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 14038945 | BeginningOfYearBalance |
| Contributions | 477130 | Contributions |
| Investment Earnings Or Losses | 1843744 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | -450984 | GrantsOrScholarships |
| End Of Year Balance | 15908835 | EndOfYearBalance |
Current Year Minus4 Years CurrentYearMinus4Years
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 15818201 | BeginningOfYearBalance |
| Contributions | 926252 | Contributions |
| Investment Earnings Or Losses | -2085012 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | -620496 | GrantsOrScholarships |
| End Of Year Balance | 14038945 | EndOfYearBalance |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated EOY Balance | 0.09510 | BoardDesignatedEOYBalance |
| Permanent Endowment EOY Balance | 0.82400 | PermanentEndowmentEOYBalance |
| Term Endowment EOY Balance | 0.08090 | TermEndowmentEOYBalance |
| Endowments Held By Unrelated Orgs | 0 | EndowmentsHeldByUnrelatedOrgs |
| Endowments Held By Related Orgs | 1 | EndowmentsHeldByRelatedOrgs |
| Are Related Orgs Listed Schedule R | 1 | AreRelatedOrgsListedScheduleR |
Land Land
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 324290 | OtherCostOrOtherBasis |
| Book Value | 324290 | BookValue |
Buildings Buildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 72097312 | OtherCostOrOtherBasis |
| Depreciation | 20042915 | Depreciation |
| Book Value | 52054397 | BookValue |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 2614649 | OtherCostOrOtherBasis |
| Depreciation | 1696853 | Depreciation |
| Book Value | 917796 | BookValue |
Other Land Buildings OtherLandBuildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 8937389 | OtherCostOrOtherBasis |
| Depreciation | 3893834 | Depreciation |
| Book Value | 5043555 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 58340038 | TotalOfBookValueLandBuildings |
Other Securities OtherSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | LONG-TERM INVESTMENTS | Description |
| Book Value | 18825024 | BookValue |
| Method Of Valuation | F | MethodOfValuation |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Securities | 18825024 | TotalOfBookValueSecurities |
Other Liabilities OtherLiabilities (2 entries)
| DescriptionDescription | AmountAmount |
|---|---|
| ADVANCES FROM FEDERAL GOVERNMENT FOR STUDENT LOANS | $900,698 |
| DUE TO RELATED ORGANIZATION | $8,985 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 909683 | TotalOfAmounts |
| Footnote In Part XIII | X | FootnoteInPartXIII |
| Tot Revenue Etc Audited Fincl Stmt | 31707248 | TotRevenueEtcAuditedFinclStmt |
| Net Unrealized Gains Investments | 419522 | NetUnrealizedGainsInvestments |
| Other Revenues | 275635 | OtherRevenues |
| Revenue Not Rptd F990 | 695157 | RevenueNotRptdF990 |
| Revenue Subtotal | 31012091 | RevenueSubtotal |
| Other Revenues Not Included | 9692534 | OtherRevenuesNotIncluded |
| Revenue Not Rptd On Fin Stmt | 9692534 | RevenueNotRptdOnFinStmt |
| Total Revenue Per Form990 | 40704625 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 29573779 | TotExpensesEtcAuditedFinclStmt |
| Other Expenses Included | 12401 | OtherExpensesIncluded |
| Expenses Not Rptd F990 | 12401 | ExpensesNotRptdF990 |
| Expenses Subtotal | 29561378 | ExpensesSubtotal |
| Other Expenses Not Included | 9660534 | OtherExpensesNotIncluded |
| Expenses Not Rptd On Fin Stmt | 9660534 | ExpensesNotRptdOnFinStmt |
| Total Expenses Per Form990 | 39221912 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIII Form990ScheduleDPartXIII (6 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: | PART V, LINE 4: | THE COLLEGE'S PERMANENTLY RESTRICTED NET ASSETS (ENDOWMENT FUNDS) ARE COMPOSED OF FUNDS RESTRICTED FOR SCHOLARSHIPS, PLANT AND GENERAL USE. |
| DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: | 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, 2013 AND 2012, RESPECTIVELY, 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, 2013 AND 2012. GENERALLY, THE TAX YEARS BEFORE 2010 ARE NO LONGER SUBJECT TO EXAMINATION BY FEDERAL TAXING AUTHORITIES. |
| PART XI, LINE 2D - OTHER ADJUSTMENTS: | REVENUES OF EXEMPT PRIVATE FOUNDATION 106,170. CHANGE IN VALUE OF CHARITABLE GIFT ANNUITIES 169,465. | |
| PART XI, LINE 4B - OTHER ADJUSTMENTS: | INSTITUTIONAL SCHOLARSHIPS OFFSETTING STUDENT TUITION AND FEES 9,660,534. DONATION FROM EXEMPT PRIVATE FOUNDATION 32,000. | |
| PART XII, LINE 2D - OTHER ADJUSTMENTS: | EXPENSES OF EXEMPT PRIVATE FOUNDATION 12,401. | |
| PART XII, LINE 4B - OTHER ADJUSTMENTS: | INSTITUTIONAL SCHOLARSHIPS OFFSETTING STUDENT TUITION AND FEES 9,660,534. |
Schedule E IRS990ScheduleE
| Field | Value | IRS element (for citing) |
|---|---|---|
| Nondiscriminatory Policy Stmt | 1 | NondiscriminatoryPolicyStmt |
| Policy Statement In Brochures Etc | 1 | PolicyStatementInBrochuresEtc |
| Policy Publ Via Broadcast Media | 1 | PolicyPublViaBroadcastMedia |
| Maint Racial Composition Records | 1 | MaintRacialCompositionRecords |
| Maint Scholarships Records | 1 | MaintScholarshipsRecords |
| Maint Copies Of Brochures Etc | 1 | MaintCopiesOfBrochuresEtc |
| Maint Copies Of All Solicitations | 1 | MaintCopiesOfAllSolicitations |
| Discriminate Race Students Rights | 0 | DiscriminateRaceStudentsRights |
| Discriminate Race Admiss Policies | 0 | DiscriminateRaceAdmissPolicies |
| Discriminate Race Emplmn Faculty | 0 | DiscriminateRaceEmplmnFaculty |
| Discriminate Race Scholarships | 0 | DiscriminateRaceScholarships |
| Discriminate Race Educ Policies | 0 | DiscriminateRaceEducPolicies |
| Discriminate Race Use Of Fclts | 0 | DiscriminateRaceUseOfFclts |
| Discriminate Race Athletic Prog | 0 | DiscriminateRaceAthleticProg |
| Discriminate Race Other Acty | 0 | DiscriminateRaceOtherActy |
| Government Financial Aid Received | 1 | GovernmentFinancialAidReceived |
| Government Financial Aid Revoked | 0 | GovernmentFinancialAidRevoked |
| Compliance With Rev Proc7550 | 1 | ComplianceWithRevProc7550 |
Form990 Schedule E Part II Form990ScheduleEPartII (2 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| EXPLANATION OF NONDISCRIMINATORY POLICY PUBLICATION | SCHEDULE E, PART I, LINE 3 | THIS POLICY IS USED IN ALL RECRUITMENT MATERIAL FOR STUDENTS AND IS DEFINED IN THE STUDENT HANDBOOK. |
| EXPLANATION OF GOVERNMENT FINANCIAL ASSISTANCE | SCHEDULE E, PART I, LINE 6 | THE ONLY GOVERNMENTAL AGENCY THAT PROVIDES FINANCIAL ASSISTANCE IS THE UNITED STATES DEPARTMENT OF EDUCATION. |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Records Maintained | 1 | RecordsMaintained |
Form990 Schedule I Part III Form990ScheduleIPartIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Type Of Grant | CASH SCHOLARSHIPS FOR STUDENTS ATTENDING TUSCULUM COLLEGE IN GREENE COUNTY, TENNESSEE. | TypeOfGrant |
| Number Of Recipients | 1014 | NumberOfRecipients |
| Amount Of Cash Grant | 9660534 | AmountOfCashGrant |
| Amount Of Non Cash Assistance | 0 | AmountOfNonCashAssistance |
| Method Of Valuation | N/A | MethodOfValuation |
| Description Of Non Cash Assistance | N/A | DescriptionOfNonCashAssistance |
Form990 Schedule I Part IV Form990ScheduleIPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | PROCEDURE FOR MONITORING GRANTS IN THE U.S.: | Identifier |
| Return Reference | PART I, LINE 2: | ReturnReference |
| Explanation | SCHEDULE I, 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. | Explanation |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Housing Allowance Or Residence | X | HousingAllowanceOrResidence |
| Personal Services | X | PersonalServices |
| Written Policy Re T And E Expenses | 1 | WrittenPolicyReTAndEExpenses |
| Substantiation Required | 1 | SubstantiationRequired |
| Compensation Committee | X | CompensationCommittee |
| Form990 Of Other Organizations | X | Form990OfOtherOrganizations |
| Written Employment Contract | X | WrittenEmploymentContract |
| Board Or Committee Approval | X | BoardOrCommitteeApproval |
| Severance Payment | 0 | SeverancePayment |
| Supplemental Nonqual Retire Plan | 0 | SupplementalNonqualRetirePlan |
| Equity Based Comp Arrangement | 0 | EquityBasedCompArrangement |
| Comp Based On Revenue Of Filing Org | 0 | CompBasedOnRevenueOfFilingOrg |
| Comp Based On Revenue Related Orgs | 0 | CompBasedOnRevenueRelatedOrgs |
| Comp Based Net Earnings Filing Org | 0 | CompBasedNetEarningsFilingOrg |
| Comp Based Net Earnings Relate Orgs | 0 | CompBasedNetEarningsRelateOrgs |
| Any Non Fixed Payments | 0 | AnyNonFixedPayments |
| Initial Contract Exception | 0 | InitialContractException |
Form990 Schedule J Part II Form990ScheduleJPartII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Person | NANCY B MOODY | NamePerson |
| Title | EX-OFFICIO MEMBER; PRESIDENT | Title |
| Base Compensation Filing Org | 238331 | BaseCompensationFilingOrg |
| Comp Based On Related Orgs | 0 | CompBasedOnRelatedOrgs |
| Bonus Filing Org | 0 | BonusFilingOrg |
| Bonus Related Orgs | 0 | BonusRelatedOrgs |
| Other Compensation Filing Org | 29619 | OtherCompensationFilingOrg |
| Other Compensation Related Orgs | 0 | OtherCompensationRelatedOrgs |
| Deferred Comp Filing Org | 4393 | DeferredCompFilingOrg |
| Deferred Comp Related Orgs | 0 | DeferredCompRelatedOrgs |
| Nontaxable Benefits Filing Org | 5556 | NontaxableBenefitsFilingOrg |
| Nontaxable Benefits Related Orgs | 0 | NontaxableBenefitsRelatedOrgs |
| Total Compensation Filing Org | 277899 | TotalCompensationFilingOrg |
| Total Compensation Related Orgs | 0 | TotalCompensationRelatedOrgs |
| Comp Report Prior990 Filing Org | 0 | CompReportPrior990FilingOrg |
| Comp Report Prior990 Related Orgs | 0 | CompReportPrior990RelatedOrgs |
Form990 Schedule J Part III Form990ScheduleJPartIII (7 entries)
| Return ReferenceReturnReference | ExplanationExplanation |
|---|---|
| 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 EMPLOYMENT CONTRACT. |
| PART I, LINE 3 | AS STATED ABOVE, PROVISIONS FOR THE PRESIDENT'S ON-CAMPUS RESIDENCE WERE INCLUDED IN HER WRITTEN EMPLOYMENT CONTRACT. 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. |
| PART I, LINE 5 | NOT APPLICABLE |
| PART I, LINE 6 | NOT APPLICABLE |
| PART I, LINE 7 | NONE NOTED |
| PART I, LINE 8 | NONE NOTED |
Schedule L IRS990ScheduleL
Form990 Schedule L Part IV Form990ScheduleLPartIV (3 entries)
| RelationshipRelationship | Amount Of TransactionAmountOfTransaction | Description Of TransactionDescriptionOfTransaction | Sharing Of RevenuesSharingOfRevenues |
|---|---|---|---|
| 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 BOARD OF TRUSTEES. THE COLLEGE HAS A $6,000,000 LINE OF CREDIT WITH FIRST TENNESSEE BANK, OF WHICH $3,211,165 HAS BEEN DRAWN UPON AS OF 06/30/13 AND A $1,000,000 LINE OF CREDIT, OF WHICH THERE HAVE BEEN NO DRAWS AS OF 06/30/13. | 0 |
| DONALD R RABER | |||
| CHAIR OF THE AUDIT COMMITTEE | 432000 | MR. DONALD R. RABER, PRESIDENT OF ALDEBARAN FINANCIAL, INC. IS THE CHAIR OF THE AUDIT COMMITTEE OF THE COLLEGE. AS OF 06/30/13, MR. RABER MANAGES $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 | 1317342 | 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 - THREE CHECKING ACCOUNTS ($1,201,454 AS OF 06/30/13). ALSO, THERE WERE TWO NOTES PAYABLE ($115,888 AS OF 07/01/12) WHICH WERE PAID IN FULL AS OF 06/30/13. THE VARIABLE INTEREST RATE ON BOTH NOTES PAYABLE WAS 6.75%. THE INTEREST RATES ON THESE TWO NOTES WAS BASED UPON THE TOTAL RELATIONSHIP BETWEEN THE BANK AND THE COLLEGE. | 0 |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (8 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| TAX-EXEMPT BOND ISSUE | FORM 990, PART IV, LINE 24A | ON JANUARY 9, 2013, TUSCULUM COLLEGE PAID OFF ALL THE TAX-EXEMPT BONDS WITH A LOAN FROM THE UNITED STATES DEPARTMENT OF AGRICULTURE, RURAL DEVELOPMENT - A TOTAL OF $18,895,316. |
| FORM 990, PART VI, SECTION B, LINE 11 | THE FORM 990 WILL BE PRESENTED BY AN INDEPENDENT CPA FIRM TO THE AUDIT COMMITTEE. BOTH THE AUDIT COMMITTEE AND THE EXECUTIVE 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. | |
| ALL OTHER FUNCTIONAL EXPENSES | FORM 990, PART IX, LINE 24E | PUBLIC SERVICE: PROGRAM SERVICE EXPENSES 1,790,628. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,790,628. ACADEMIC SUPPORT: PROGRAM SERVICE EXPENSES 1,671,199. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,671,199. LOSS-EXTINGUISHMENT OF DEBT: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 479,660. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 479,660. |
| CHANGES IN NET ASSETS OR FUND BALANCES: | FORM 990, PART XI, LINE 9: | CHANGE IN VALUE OF CHARITABLE GIFT ANNUITIES 169,465. |
| RESPONSIBILITY FOR OVERSIGHT OF AUDIT & SELECTION OF INDEPENDENT ACCOUNTANT | 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. |
Schedule R IRS990ScheduleR
Form990 Schedule R Part II Form990ScheduleRPartII
Name Of Disregarded Entity NameOfDisregardedEntity
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | TUSCULUM TOMORROW TRUST | BusinessNameLine1 |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | P O BOX 5100 | AddressLine1 |
| City | GREENEVILLE | City |
| State | TN | State |
| ZIP Code | 37743 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 621159245 | EIN |
| Primary Activities | PROVIDES CHARITABLE GRANTS TO TUSCULUM COLLEGE | PrimaryActivities |
| Legal Domicile State | TN | LegalDomicileState |
| Exempt Code Section | 501(C)(3) | ExemptCodeSection |
| Public Charity Status | EXEMPT PF | PublicCharityStatus |
Direct Controlling Entity Name DirectControllingEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | TUSCULUM COLLEGE | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Controlled Org | 0 | ControlledOrg |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Ann Rents Royalties | 0 | ReceiptOfIntAnnRentsRoyalties |
| Gift Grant Or Cap Contr To Other Org | 0 | GiftGrantOrCapContrToOtherOrg |
| Gift Grant Or Cap Contr Fr Other Org | 1 | GiftGrantOrCapContrFrOtherOrg |
| Loans Or Guarantees To Other Org | 0 | LoansOrGuaranteesToOtherOrg |
| Loans Or Guarantees From Other Org | 0 | LoansOrGuaranteesFromOtherOrg |
| Dividends Related Organization | 0 | DividendsRelatedOrganization |
| Sale Of Assets To Other Org | 0 | SaleOfAssetsToOtherOrg |
| Purchase Of Assets From Other Org | 0 | PurchaseOfAssetsFromOtherOrg |
| Exchange Of Assets | 0 | ExchangeOfAssets |
| Rental Of Facilities To Other Orgs | 0 | RentalOfFacilitiesToOtherOrgs |
| Rental Of Facilities Fr Other Orgs | 0 | RentalOfFacilitiesFrOtherOrgs |
| Perform Of Services For Other Orgs | 0 | PerformOfServicesForOtherOrgs |
| Perform Of Services By Other Orgs | 0 | PerformOfServicesByOtherOrgs |
| Sharing Of Facilities | 0 | SharingOfFacilities |
| Sharing Of Paid Employees | 0 | SharingOfPaidEmployees |
| Reimbursement Paid To Other Org | 0 | ReimbursementPaidToOtherOrg |
| Reimbursement Paid By Other Org | 0 | ReimbursementPaidByOtherOrg |
| Other Transfer To Other Org | 0 | OtherTransferToOtherOrg |
| Other Transfer From Other Org | 0 | OtherTransferFromOtherOrg |
Transactions Related Orgs Table TransactionsRelatedOrgsTable
Name Of Other Organization NameOfOtherOrganization
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | TUSCULUM TOMORROW TRUST | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Transaction Type | C | TransactionType |
| Amount Involved | 32000 | AmountInvolved |
| Method Of Amt Determination | CASH RECEIPTS | MethodOfAmtDetermination |