2014-05-13T10:18:47-05:00 2013-06-30 620647474 BLACKBURN CHILDERS & STEAGALL PLC 801B SUNSET DRIVE JOHNSON CITY TN 376043033 990 2012-07-01 626001104 JOHNSON UNIVERSITY JOHN 8655734517 7900 JOHNSON DRIVE KNOXVILLE TN 37998 CHRISTOPHER R ROLPH 8652512140 2014-05-08 1 CHAD KISNER P00738241 4232824511 2014-05-08 2012 2015-11-30 17:44:51Z CHRISTOPHER R ROLPH 7900 JOHNSON DRIVE KNOXVILLE TN 37998 18395190 0 X WWW.JOHNSONU.EDU X 1893 TN FOR OVER 100 YEARS, JOHNSON UNIVERSITY HAS REMAINED FOCUSED ON ITS MISSION OF PREPARING STUDENTS FOR SPECIALIZED CHRISTIAN MINISTRIES WITH SPECIAL EMPHASIS ON PREACHING. EVERY STUDENT AT JOHNSON UNIVERSITY MAJORS IN BIBLE. FROM PREACHING AND YOUTH MINISTRY TO FAMILY COUNSELING AND TEACHER EDUCATION, EVERY DEGREE PROGRAM IS ROOTED IN MINISTRY. 12 12 773 381 16269 15269 4231113 4461026 11518623 12639407 1716819 1263257 16260 16269 17482815 18379959 1675367 1828918 0 0 871178 801248 0 0 430127 16232322 17520336 18778867 20150502 -1296052 -1770543 149462608 163627897 26025844 34153799 123436764 129474098 X JOHNSON UNIVERSITY IS A PRIVATE, COEDUCATIONAL INSTITUTE OF HIGHER LEARNING OFFERING ASSOCIATE, BACHELOR'S, AND MASTER'S DEGREES. THE PRIMARY PURPOSE OF JOHNSON UNIVERSITY IS TO EDUCATE STUDENTS FOR SPECIALIZED CHRISTIAN MINISTRIES WITH EMPHASIS ON THE PREACHING MINISTRY. A SECONDARY PURPOSE IS TO PROVIDE PROGRAMS IN CHRISTIAN LEADERSHIP AND COMMUNITY SERVICE. 0 0 11064218 1828918 8722306 OPERATION OF UNIVERSITY 11064218 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 1 0 0 0 0 0 0 0 1 0 0 1 0 0 0 0 1 0 0 0 1 210 0 1 773 1 1 1 0 0 0 0 0 0 0 0 0 X 12 12 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 TN X CHRISTOPHER R ROLPH VP FOR BUSINESS AND FINANCE 8652512140 7900 JOHNSON DRIVE KNOXVILLE TN 37998 L D CAMPBELL 1.00 X X 0 0 0 RALPH D CARNATHAN 1.00 X X 0 0 0 JEFF WHITLOCK 1.00 X X 0 0 0 MARTHA R ALLIGOOD 1.00 X 0 0 0 W PERRY BAILEY 1.00 X 0 0 0 JEFFREY CASE 1.00 X 0 0 0 CAROL CLIFFORD 1.00 X 0 0 0 GREGORY J GRANT 1.00 X 0 0 0 GEORGE W HALEY 1.00 X 0 0 0 DREW MENTZER 1.00 X 0 0 0 SAM WIDENER 1.00 X 0 0 0 CHARLES WINGFIELD-DECEASED 120412 1.00 X 0 0 0 RICHARD E WOODS 1.00 X 0 0 0 PAUL T COLEMAN 1.00 X 0 0 0 GARY E WEEDMAN 60.00 X 130529 0 35209 RICHARD K BEAM-RETIRED 063012 50.00 X 50347 0 3884 CHRIS DAVIS 50.00 X 80868 0 12144 CHRISTOPHER R ROLPH 50.00 X 82407 0 18582 PHILIP EUBANKS 50.00 X 74940 0 18257 DAVID L LEGG 50.00 X 82680 0 14936 DAVID L EUBANKS 10.00 X 34084 0 6387 MARK PIERCE 50.00 X 80057 0 3605 TIMOTHY WINGFIELD 50.00 X 64628 0 16521 CLIFF MCCARTNEY 50.00 X 69656 0 8805 BILL WOLF 50.00 X 39763 0 9216 789959 0 147546 1 0 1 0 PIONEER COLLEGE CATERERS INC 303 GLENROSE AVENUE NASHVILLE TN 37210 CAFETERIA SERVICE 1183001 TREE OF LIFE BOOKSTORES LLC 4601 SOUTH WESTERN AVENUE MARION IN 46953 PROVIDE TEXTBOOKS 504119 FIDELITY INVESTMENTS P O BOX 5000 CINCINNATI OH 452738300 ADMINISTER 403(B) RETIREMENT 478131 JENZABAR INC P O BOX 55018 BOSTON MA 022055018 PROVIDE SOFTWARE 369258 SARATOGA TECHNOLOGIES INC 101 MED TECH PARKWAY SUITE 307 JOHNSON CITY TN 37604 INFORMATION TECHNOLOGIES 199255 10 103483 4357543 56546 4461026 TUITION AND FEES 611310 8543873 8543873 AUXILIARY ENTERPRISES 611310 3917101 3917101 OTHER INCOME 611310 178433 178433 12639407 1266257 1266257 18000 1731 16269 16269 16269 10500 13500 -3000 -3000 -3000 18379959 8722306 16269 5180358 1828918 1828918 801248 303302 497946 1076936 395630 681306 776211 136310 639901 1756821 1080670 676151 INSTRUCTION 4806006 4806006 INSTITUTIONAL SUPPORT 4610869 4180742 430127 AUXILIARY ENTERPRISES 1980111 1980111 STUDENT SERVICES 1672118 1672118 841264 841264 20150502 11064218 8656157 430127 89758 68248 1768027 1688663 866000 982000 340273 322986 470087 1302947 71574126 25038430 37359188 46535696 108569275 112727357 149462608 163627897 337692 631517 21864442 19616188 10000000 3823710 3906094 26025844 34153799 X 65589773 68033707 497151 559434 57349840 60880957 123436764 129474098 149462608 163627897 X -1770543 7982793 -615000 440084 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 106290708 1564714 6317926 -1801052 -3801913 108570383 110552036 1455383 -4031691 -1685020 106290708 99667762 1135926 13088932 -3340584 110552036 83155296 1865199 14662746 -15479 99667762 97512801 4344353 -18701858 83155296 0.44880 0.55120 0.00000 0 0 3461313 3461313 56324469 17953149 38371320 3388449 2320037 1068412 3661055 2548991 1112064 4738840 2216253 2522587 46535696 MONEY MARKET FUNDS 788113 F EQUITY MUTUAL FUNDS 50901505 F FIXED INCOME MUTUAL FUNDS 20525916 F REAL ASSETS 9729843 F DIRECTIONAL AND RELATIVE VALUE 23016561 F REAL ESTATE 1113029 F VEHICLES 690000 F CASH SURRENDER VALUE OF INSURANCE 126004 F MONEY MARKET FUNDS HELD IN TRUST 193144 F U.S. GOVERNMENT OBLIGATIONS HELD IN TRUST 472761 F FIXED INCOME SECURITIES HELD IN TRUST 1017046 F MARKETABLE EQUITY SECURITIES HELD IN TRUST 4153435 F 112727357 OBLIGATIONS UNDER ANNUITY AGREEMENTS 1789742 DEPOSITS 301705 RETIREMENT OBLIGATION PAYABLE 69519 FUNDS HELD IN CUSTODY FOR OTHERS 1150065 FAIR VALUE OF INTEREST RATE SWAP AGREEMENT 595063 3906094 X 25076778 7982793 541213 8524006 16552772 1827187 1827187 18379959 18380079 58495 58495 18321584 1828918 1828918 20150502 DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: THE INTENDED USE OF THE UNIVERSITY'S ENDOWMENT FUNDS IS FOR SCHOLARSHIPS, FACULTY/STAFF SALARIES, OTHER SPECIFIC PROGRAMS EXPENSES, AND GENERAL USE. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X, LINE 2: NOTE 14 - UNCERTAINTY IN INCOME TAXES THE UNIVERSITY FOLLOWS THE FASB ASC, WHICH PROVIDES GUIDANCE ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES RECOGNIZED IN AN ORGANIZATION'S FINANCIAL STATEMENTS. AS OF JUNE 30, 2013 AND 2012, THE UNIVERSITY HAD NO UNCERTAIN TAX POSITIONS THAT QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE UNIVERSITY'S CONSOLIDATED FINANCIAL STATEMENTS. THE UNIVERSITY'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. FEDERALLY FUNDED FINANCIAL AID PROGRAMS ARE SUBJECT TO SPECIAL AUDIT. SUCH AUDITS COULD RESULT IN CLAIMS AGAINST THE RESOURCES OF THE UNIVERSITY. NO PROVISION HAS BEEN MAKE FOR ANY LIABILITIES THAT MAY ARISE FROM SUCH AUDITS SINCE THE AMOUNTS, IF ANY, CANNOT BE DETERMINED AT THIS DATE. PART XI, LINE 2D - OTHER ADJUSTMENTS: REVENUES (LOSSES) OF EXEMPT PRIVATE FOUNDATION 101,130. GAIN (LOSS) ON INTEREST RATE SWAP AGREEMENT 247,209. ACTUARIAL GAIN (LOSS) ON ANNUITY CONTRACTS 192,874. PART XI, LINE 4B - OTHER ADJUSTMENTS: INSTITUTIONAL SCHOLARSHIPS OFFSETTING STUDENT TUITION AND FEES 1,828,918. UNRELATED BUSINESS INCOME - RENTAL EXPENSES NETTED AGAINST INCOME -1,731. PART XII, LINE 2D - OTHER ADJUSTMENTS: EXPENSES OF EXEMPT PRIVATE FOUNDATION 56,764. UNRELATED BUSINESS INCOME - RENTAL EXPENSES NETTED AGAINST INCOME 1,731. PART XII, LINE 4B - OTHER ADJUSTMENTS: INSTITUTIONAL SCHOLARSHIPS OFFSETTING STUDENT TUITION AND FEES 1,828,918. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 EXPLANATION OF NONDISCRIMINATORY POLICY PUBLICATION SCHEDULE E, PART I, LINE 3 THE UNIVERSITY PUBLISHES ITS RACIALLY NONDISCRIMINATORY POLICY IN ITS MAGAZINE, "THE JOHNSON MAGAZINE", IN THE NEWSPAPER, AND IN A GRAPHIC OVERLAY TO VIDEOS USED IN TELEVISION ADS. EXPLANATION OF GOVERNMENT FINANCIAL ASSISTANCE SCHEDULE E, PART I, LINE 6 THE ONLY GOVERNMENTAL AGENCY THAT PROVIDES FINANCIAL AID OR ASSISTANTCE TO THE UNIVERSITY IS THE UNITED STATES DEPARTMENT OF EDUCATION. X 0 TN EXPLANATION OF FUNDRAISING PAYMENTS SCHEDULE G, PART I, LINE 2B, COLUMN (V) FINANCIAL PLANNING MINISTRY (FPM) PROVIDES A SERVICE THAT MIGHT EVENTUALLY RESULT IN A CHARITABLE BEQUEST FROM AN ESTATE. FPM CHARGES A $2,200 PER MONTH ($26,400 PER YEAR) FLAT RATE FOR JOHNSON UNIVERSITY TO BE A PARTNER ORGANIZATION. FPM CONDUCTS ESTATE PLANNING SEMINARS WHERE PARTICIPANTS ARE OFFERRED THE OPPORTUNITY TO INCLUDE A CHARITABLE BEQUEST FOR ONE OF THE PARTNER CHARITIES. THE ONLY IMMEDIATE BENEFIT TO JOHNSON UNIVERSITY IS THE POTENTIAL OF AN ESTATE PLANNING EXPECTANCY THAT MOST LIKELY WILL NOT BE REALIZED FOR YEARS TO COME. 1 CASH SCHOLARSHIPS FOR STUDENTS ATTENDING JOHNSON UNIVERSITY IN KNOX COUNTY, TENNESSEE 671 1828918 0 N/A N/A PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, PART I, LINE 2: THE UNIVERSITY DOES NOT GIVE ANY NON-CASH SCHOLARSHIPS. SCHOLARSHIPS ARE DISBURSED TO STUDENTS THROUGH CREDITING THEIR STUDENT ACCOUNTS. IF THE STUDENT HAS EXCESS SCHOLARSHIP FUNDS AS THE RESULT OF TITLE IV AID, THEN THESE FUNDS ARE AUTOMATICALLY DISBURSED TO THE STUDENT WITHIN 14 DAYS. IF THE EXCESS FUNDS ARE THE RESULT OF SOMETHING OTHER THAN TITLE IV AID, THE STUDENT MUST REQUEST A REFUND AND THESE FUNDS ARE DISBURSED TO THE STUDENT BY CHECK. THE UNIVERSITY'S PROCEDURES FOR MONITORING GRANT FUNDS IN THE U.S. ARE AS FOLLOWS: THE UNIVERSITY 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 UNIVERSITY'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 UNIVERSITY'S INDEPENDENT AUDITORS. X 1 1 X X X X 0 1 0 0 0 0 0 0 0 GARY E WEEDMAN 130529 0 0 0 0 0 17000 0 18209 0 165738 0 0 0 PART I, LINE 1A HOUSING ALLOWANCES OF $6,700 PER INDIVIDUAL WERE PROVIDED FOR THE FOLLOWING OFFICERS: GARY E. WEEDMAN; CHRISTOPHER R. ROLPH; CHRIS DAVIS; DAVID A. LEGG; PHILIP EUBANKS; CLIFF MCCARTNEY; AND TIMOTHY WINGFIELD. PART I, LINE 4B DR. DAVID L. EUBANKS, PRESIDENT EMERITUS, RECEIVED $6,387 FROM A NON-QUALIFIED RETIREMENT PLAN. PART I, LINE 5 N/A PART I, LINE 6 N/A A THE HEALTH EDUCATION & HOUSING FACLTY BD OF THE CO OF KNOX SERIES 2006 621220275 499503AA8 2009-11-02 6670000 TO FINANCE BUILDINGS AND EQUIPMENT OF THE UNIVERSITY 0 0 0 B THE HEALTH EDUCTN & HOUSNG FACLTY BD OF CO OF KNOX SPEC PROJ REV OBLGTN 621220275 NONEAVAIL 2009-12-31 18965076 REFNDNG OF PREVSLY ISSUED & OUTSTNDNG TAX-EXEMPT BNDS;ACQ-REAL PROP;CONSTR 0 0 0 A 300000 6670000 2007 0 0 1 1 B 5718888 18965076 12465075 48419 6451582 2011 1 0 1 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 0 B 0 0 0 0 0.00000 0.00000 0.00000 0 0 0 A 0 0 0 0 1 1 REGIONS EQUIPMMENT FINANCE CORPORATION 10.000000000000 0 0 0 NA 0 0 B 0 0 0 0 1 1 REGIONS EQUIPMMENT FINANCE CORPORATION 12.000000000000 0 0 0 NA 0 0 SAM WIDENER TRUSTEE 906 SAM WIDENER, TRUSTEE, IS THE 100% OWNER OF WINCO, INC. FOR THE YEAR ENDED 06/30/13, THE UNIVERSITY PURCHASED FLOORING PRODUCTS TOTALING $906. 0 X 7 16546 CLOSING MARKET PRICE X 1 40000 APPRAISAL 0 0 0 FORM 990, PART VI, SECTION A, LINE 2 DAVID L. EUBANKS, PRESIDENT EMERITUS, IS THE FATHER OF PHILIP EUBANKS, THE VICE PRESIDENT FOR ADVANCEMENT. FORM 990, PART VI, SECTION B, LINE 11 THE UNIVERSITY'S TAX PREPARER WILL PROVIDE THE VICE PRESIDENT FOR BUSINESS AND FINANCE/TREASURER A SCANNED COPY OF THE FINAL VERSION OF THE FORM 990 TAX RETURN. THE RETURN WILL BE MAILED AND/OR EMAILED TO THE EXECUTIVE COMMITTEE AND THE PRESIDENT. THESE INDIVIDUALS WILL HAVE THREE TO FIVE BUSINESS DAYS TO ASK ANY QUESTIONS PRIOR TO THE FILING OF THE FORM 990 TAX RETURN. THE VICE PRESIDENT FOR BUSINESS AND FINANCE/TREASURER AND/OR THE CONTROLLER WILL ANSWER QUESTIONS OR PROVIDE INFORMATION AS REQUESTED. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD OF TRUSTEES WILL REVIEW ANNUALLY THE UNIVERSITY'S CONFLICT OF INTEREST POLICY. EACH BOARD MEMBER WILL READ AND SIGN THIS POLICY AT THE FEBRUARY BOARD MEETING. THESE SIGNED STATEMENTS WILL BE RETAINED IN THE UNIVERSITY'S BUSINESS OFFICE. FORM 990, PART VI, SECTION B, LINE 15 THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES WILL REVIEW THE CABINET LEVEL SALARIES AND BENEFITS ANNUALLY. THIS REVIEW WILL BE CONDUCTED AT THE STANDING JUNE EXECUTIVE COMMITTEE MEETING. THE VICE PRESIDENT FOR BUSINESS AND FINANCE/TREASURER WILL PROVIDE THE SALARY AND BENEFITS INFFORMATION. THE EXECUTIVE COMMITTEE WILL ALSO RECEIVE INDUSTRY SALARY COMPARISONS EVERY THREE TO FIVE YEARS. THE PRESIDENT OF THE UNIVERSITY DOES HAVE A WRITTEN EMPLOYMENT CONTRACT. OTHER OFFICERS DO NOT HAVE A WRITTEN EMPLOYMENT CONTRACT. FORM 990, PART VI, SECTION C, LINE 19 THE UNIVERSITY MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 9: GAIN (LOSS) ON INTEREST RATE SWAP AGREEMENT 247,209. ACTUARIAL GAIN (LOSS) ON ANNUITY CONTRACTS 192,874. ROUNDING 1. FINANCIAL STATEMENTS AND REPORTING FORM 990, PART XII, LINE 2C THE FINANCE AND INVESTMENT COMMITTEE ASSUMES RESPONISBILITY FOR OVERSIGHT OF THE AUDIT AND FOR THE SELECTION OF AN INDEPENDENT ACCOUNTANT, AND THIS POLICY HAS NOT CHANGED FROM THAT OF THE PRIOR YEAR. MERGER AND NAME CHANGE FORM 990, LINE C, PAGE 1 ON JULY 1, 2013, JOHNSON UNIVERSITY, LOCATED IN KNOXVILLE, TENNESSEE, AND FLORIDA CHRISTIAN COLLEGE, LOCATED IN KISSIMMEE, FLORIDA, MERGED AND BECAME PART OF THE NEWLY ESTABLISHED JOHNSON UNIVERSITY SYSTEM. FLORIDA CHRISTIAN COLLEGE IS NOW JOHNSON UNIVERSITY FLORIDA. THE JOHNSON FOUNDATION INC 7900 JOHNSON DRIVE KNOXVILLE TN 37998 581767548 PROVIDES CHARITABLE GRANTS TO JOHNSON UNIVERSITY TN 501(C)(3) EXEMPT PRIVATE FOUND N/A 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 THE JOHNSON FOUNDATION INC IS OPERATED ON THE M CASH PAID CAMPUS OF JOHNSON UNIVERSITY THERE ARE NO SEPARATE FACILITIES IN ADDITION THERE ARE THREE ADVANCEMENT EMPLOYEES WHO SPEND ON AVERAGE 8 HOURS PER MONTH WORKING ON FOUNDATION-RELATED MATTERS THE BUSINESS OFFICE CONTROLLER SPENDS AN ESTIMATED 20 HOURS PER YEAR PERFORMING ACCOUNTING WORK FOR THE FOUNDATION JOHNSON UNIVERSITY HAS NEVER SOUGHT REMEDIATION FOR THESE EXPENSES INCURRED BY THE UNIVERSITY BECAUSE GENERALLY THEY HAVE NOT BEEN MATERIAL IN NATURE THE ESTIMATED COST FOR THESE SERVICES WOULD NOT EXCEED 4000 FOR THE CURRENT YEAR