TENNESSEE WESLEYAN UNIVERSITY: Form 990, tax year 2010
View the entire original 990 at ProPublica ↗
- Organization
- TENNESSEE WESLEYAN UNIVERSITY (EIN 62-0476661)
- Tax period
- 2010-07-01 to 2011-06-30
- Filed
- 2012-03-01
- IRS object ID
- 201220619349300072
- Schema version
- 2010v3.4
- 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 K
- Schedule O
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2012-03-01T07:32:30-06:00 | Timestamp |
| Tax Period End Date | 2011-06-30 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | HENDERSON HUTCHERSON & MCCULLOUGH PLLC | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1200 MARKET STREET | AddressLine1 |
| City | CHATTANOOGA | City |
| State | TN | State |
| ZIP Code | 37402 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2010-07-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 620476661 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | TENNESSEE WESLEYAN COLLEGE | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | TENN | NameControl |
| Phone | 4237465208 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 204 EAST COLLEGE STREET | AddressLine1 |
| City | ATHENS | City |
| State | TN | State |
| ZIP Code | 37303 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | LARRY WALLACE | Name |
| Title | SENIOR VICE PRESIDENT | Title |
| Phone | 4237465208 | Phone |
| Date Signed | 2012-03-01 | DateSigned |
| Authorize Third Party | 0 | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | JERRY SMITH CPA | Name |
| Phone | 4237567771 | Phone |
| Date Prepared | 2012-02-13 | DatePrepared |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2010 | TaxYear |
| Build TS | 2016-02-24 21:20:13Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | LARRY WALLACE | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 204 EAST COLLEGE STREET | AddressLine1 |
| City | ATHENS | City |
| State | TN | State |
| ZIP Code | 37303 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 23374263 | GrossReceipts |
| Group Return For Affiliates | 0 | GroupReturnForAffiliates |
| Organization501c3 | X | Organization501c3 |
| Web Site | WWW.TWCNET.EDU | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1857 | YearFormation |
| State Legal Domicile | TN | StateLegalDomicile |
| Activity Or Mission Description | FOUR-YEAR LIBERAL ARTS COLLEGE | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 25 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 25 | NbrIndependentVotingMembers |
| Total Nbr Employees | 304 | TotalNbrEmployees |
| Total Nbr Volunteers | 4 | TotalNbrVolunteers |
| Total Gross UBI | 0 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | 0 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 1586325 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 1167550 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 20104488 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 21457679 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 39682 | InvestmentIncomePriorYear |
| Investment Income Current Year | 178095 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 491585 | OtherRevenuePriorYear |
| Other Revenue Current Year | 570939 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 22222080 | TotalRevenuePriorYear |
| Total Revenue Current Year | 23374263 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 7968964 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 8507464 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members Prior Year | 0 | BenefitsPaidToMembersPriorYear |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 7236268 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 6639463 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp Prior Year | 0 | TotalProfFundrsngExpPriorYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 146118 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 7458178 | OtherExpensePriorYear |
| Other Expenses Current Year | 7228553 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 22663410 | TotalExpensesPriorYear |
| Total Expenses Current Year | 22375480 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | -441330 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | 998783 | RevenuesLessExpensesCY |
| Total Assets BOY | 27565634 | TotalAssetsBOY |
| Total Assets EOY | 28726557 | TotalAssetsEOY |
| Total Liabilities BOY | 17948464 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 17154212 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 9617170 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 11572345 | NetAssetsOrFundBalancesEOY |
| Mission Description | FOUR-YEAR LIBERAL ARTS COLLEGE | MissionDescription |
| Significant New Program Services | 0 | SignificantNewProgramServices |
| Significant Change | 0 | SignificantChange |
| Expense | 13331352 | Expense |
| Description | INSTRUCTIONAL - ENROLLED AND EDUCATED OVER 1,100 STUDENTS. | Description |
Activity2 Activity2
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | 522779 | Expense |
| Description | ACADEMIC SUPPORT - INCLUDES THE FUNDS SPENT IN SUPPORT OF THE COLLEGE'S LIBRARY AND OTHER SIMILAR ACTIVITIES. | Description |
Activity3 Activity3
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | 4342908 | Expense |
| Description | STUDENT SERVICES - INCLUDES THE FUNDS ASSOCIATED WITH THE SUPPORT OF THE COLLEGE'S STUDENTS ACADEMICS AND RELATED STUDENT ACTIVITIES. | Description |
Activity Other ActivityOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Revenue | 21457679 | Revenue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Other Program Service Rev | 21457679 | TotalOfOtherProgramServiceRev |
| Total Program Service Expense | 18197039 | TotalProgramServiceExpense |
| Described In501 C3 | 1 | DescribedIn501C3 |
| Schedule B Required | 1 | ScheduleBRequired |
| Political Activities | 0 | PoliticalActivities |
| Lobbying Activities | 0 | LobbyingActivities |
| 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 | 0 | 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 | 1 | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | 0 | 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 | 0 | ScheduleJRequired |
| Tax Exempt Bonds | 1 | TaxExemptBonds |
| Invest Tax Exempt Bonds | 0 | InvestTaxExemptBonds |
| Escrow Account | 0 | EscrowAccount |
| On Behalf Of Issuer | 0 | OnBehalfOfIssuer |
| 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 | 0 | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | 0 | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | 0 | 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 | 0 | RelatedEntity |
| Related Org Controlled Entity | 0 | RelatedOrgControlledEntity |
| Transaction Related Entity | 0 | TransactionRelatedEntity |
| Transfers To Exempt Non Chrtbl Org | 0 | TransfersToExemptNonChrtblOrg |
| Activities Conducted Partnership | 0 | ActivitiesConductedPartnership |
| Schedule O Required | 1 | ScheduleORequired |
| Number Forms Transmitted With1096 | 16 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Compliance With Backup Witholding | 1 | ComplianceWithBackupWitholding |
| Number Of Employees | 304 | 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 |
| Form8899 Filed | 0 | Form8899Filed |
| Form1098 C Filed | 0 | Form1098CFiled |
| Excess Business Holdings | 0 | ExcessBusinessHoldings |
| Taxable Distributions | 0 | TaxableDistributions |
| Distribution To Donor | 0 | DistributionToDonor |
| Indoor Tanning Services | 0 | IndoorTanningServices |
| Info In Schedule O Part VI | X | InfoInScheduleOPartVI |
| Nbr Voting Governing Body Members | 25 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 25 | 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 | 0 | 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 | GAIL HARRIS | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Telephone Number | 4237465208 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 204 EAST COLLEGE STREET | AddressLine1 |
| City | ATHENS | City |
| State | TN | State |
| ZIP Code | 37303 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionA (31 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation | OfficerOfficer | FormerFormer |
|---|---|---|---|---|---|---|---|
| JAMES WINER | |||||||
| BOARD OF DIRECTOR, CHAIR | 2.00 | X | 0 | 0 | 0 | ||
| DENNIE HUMPHREYS | |||||||
| BOARD OF DIRECTOR, VICE CHAIR | 2.00 | X | 0 | 0 | 0 | ||
| MATTHEW BROOKSHIRE | |||||||
| BOARD OF DIRECTOR, SECRETARY | 2.00 | X | 0 | 0 | 0 | ||
| SHARON S BROWN | |||||||
| BOARD OF DIRECTOR | 1.00 | X | 0 | 0 | 0 | ||
| C STEPHEN BYRUM | |||||||
| BOARD OF DIRECTOR | 1.00 | X | 0 | 0 | 0 | ||
| CARL E COLLOMS | |||||||
| BOARD OF DIRECTOR | 1.00 | X | 0 | 0 | 0 | ||
| CHARLES HARRISON | |||||||
| BOARD OF DIRECTOR | 1.00 | X | 0 | 0 | 0 | ||
| R DANNY HAYS | |||||||
| BOARD OF DIRECTOR | 1.00 | X | 0 | 0 | 0 | ||
| TENNA HORNSBY | |||||||
| BOARD OF DIRECTOR | 1.00 | X | 0 | 0 | 0 | ||
| BRYAN JACKSON | |||||||
| BOARD OF DIRECTOR | 1.00 | X | 0 | 0 | 0 | ||
| WILLIAM B KILBRIDE | |||||||
| BOARD OF DIRECTOR | 1.00 | X | 0 | 0 | 0 | ||
| CHARLES J LINER | |||||||
| BOARD OF DIRECTOR | 1.00 | X | 0 | 0 | 0 | ||
| H LYNN MASSINGALE | |||||||
| BOARD OF DIRECTOR | 1.00 | X | 0 | 0 | 0 | ||
| REGINA L MAYFIELD | |||||||
| BOARD OF DIRECTOR | 1.00 | X | 0 | 0 | 0 | ||
| DANIEL F MOORE | |||||||
| BOARD OF DIRECTOR | 1.00 | X | 0 | 0 | 0 | ||
| PAUL OTTAVIANO | |||||||
| BOARD OF DIRECTOR | 1.00 | X | 0 | 0 | 0 | ||
| CARY RATLIFF | |||||||
| BOARD OF DIRECTOR | 1.00 | X | 0 | 0 | 0 | ||
| THOMAS M REED | |||||||
| BOARD OF DIRECTOR | 1.00 | X | 0 | 0 | 0 | ||
| JOEL RILEY | |||||||
| BOARD OF DIRECTOR | 1.00 | X | 0 | 0 | 0 | ||
| JERRY SMITH | |||||||
| BOARD OF DIRECTOR | 1.00 | X | 0 | 0 | 0 | ||
| CLAIRE W TUCKER | |||||||
| BOARD OF DIRECTOR | 1.00 | X | 0 | 0 | 0 | ||
| DONALD Y WEBB | |||||||
| BOARD OF DIRECTOR | 1.00 | X | 0 | 0 | 0 | ||
| MARY FARMER WILLIAMS | |||||||
| BOARD OF DIRECTOR | 1.00 | X | 0 | 0 | 0 | ||
| MINTIE WILLSON | |||||||
| BOARD OF DIRECTOR | 1.00 | X | 0 | 0 | 0 | ||
| STEPHEN CONDON | |||||||
| FORMER PRESIDENT | 40.00 | 92500 | 0 | 18218 | X | ||
| SUZANNE T HINE | |||||||
| VP OF ACADEMIC AFFAIRS | 40.00 | 89375 | 0 | 10649 | X | ||
| MARTHA CHAMBERS | |||||||
| FORMER VP OF FINANCIAL AFFAIRS | 40.00 | 73375 | 0 | 9671 | X | ||
| LARRY WALLACE | |||||||
| SENIOR VICE PRESIDENT | 40.00 | 68000 | 0 | 5910 | X | ||
| SCOTT MASHBURN | |||||||
| VP OF STUDENT LIFE | 40.00 | 70748 | 0 | 11236 | X | ||
| STAN R HARRISON | |||||||
| VP OF ENROLLMENT SERVICES | 40.00 | 76000 | 0 | 9690 | X | ||
| SHIRLEY S WOODCOCK | |||||||
| BOARD OF DIRECTOR | 1.00 | 0 | 0 | 0 | X | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 469998 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 0 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 65374 | TotalOtherCompensation |
| Number Individuals GT100 K | 0 | NumberIndividualsGT100K |
| Formers Listed | 0 | FormersListed |
| Total Comp GT150 K | 0 | 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 |
|---|---|---|---|---|---|
| ARAMARK CORP | |||||
| 1101 MARKET STREET | PHILADELPHIA | PA | 19107 | FOOD SERVICE | 1298407 |
| NATIONAL MANGAMENT RESOURCES CORP | |||||
| PO BOX 1224 | LA GRANGE | GA | 30241 | MAINTENANCE | 615407 |
| FOLLETT HIGHER EDUCATION GROUP | |||||
| 3146 SOLUTIONS CENTER | CHICAGO | IL | 60677 | TEXTBOOK SERVICES | 430533 |
| JENZABAR | |||||
| PO BOX 845939 | BOSTON | MA | 022845939 | SOFTWARE MAINTENACE | 247157 |
| MURRAY GUARD INC | |||||
| PO BOX 1000 | MEMPHIS | TN | 37148 | SECURITY | 126925 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 5 | NumberOfContractorsGT100K |
| Government Grants | 156934 | GovernmentGrants |
| All Other Contributions | 1010616 | AllOtherContributions |
| Total Contributions | 1167550 | TotalContributions |
Program Service Revenue ProgramServiceRevenue (5 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome |
|---|---|---|---|
| TUITION | 624310 | 19158338 | 19158338 |
| FOOD SERVICE | 722210 | 1357432 | 1357432 |
| RESIDENCE HALL | 721310 | 835525 | 835525 |
| BOOKSTORE | 451211 | 58879 | 58879 |
| CAMPS AND CONFERENCES | 900099 | 47505 | 47505 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 21457679 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 153622 | TotalRevenueColumn |
| Exclusion | $153,622 | ExclusionAmount |
Gross Amount Sales Assets GrossAmountSalesAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | 24473 | Other |
Gain Or Loss GainOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | 24473 | Other |
Net Gain Or Loss Investments NetGainOrLossInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 24473 | TotalRevenueColumn |
| Exclusion | $24,473 | ExclusionAmount |
Other Revenue Misc OtherRevenueMisc (2 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome |
|---|---|---|---|
| FORT SANDERS NURSING S | 611600 | 409650 | 409650 |
| INSURANCE DIVIDENDS/RE | 900099 | 102712 | 102712 |
Miscellaneous Revenue MiscellaneousRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 58577 | TotalRevenueColumn |
| Related Or Exempt Function Income | 58577 | RelatedOrExemptFunctionIncome |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Revenue | 570939 | TotalOtherRevenue |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 23374263 | TotalRevenueColumn |
| Related Or Exempt Function Income | 22028618 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 0 | UnrelatedBusinessRevenue |
| Exclusion | $178,095 | ExclusionAmount |
Grants To Domestic Individuals GrantsToDomesticIndividuals
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 8507464 | Total |
| Program Services | 8507464 | ProgramServices |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 5344217 | Total |
| Program Services | 4194385 | ProgramServices |
| Management And General | 1045704 | ManagementAndGeneral |
| Fundraising | 104128 | Fundraising |
Pension Plan Contributions PensionPlanContributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 202215 | Total |
| Program Services | 154295 | ProgramServices |
| Management And General | 46484 | ManagementAndGeneral |
| Fundraising | 1436 | Fundraising |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 566108 | Total |
| Program Services | 428469 | ProgramServices |
| Management And General | 129407 | ManagementAndGeneral |
| Fundraising | 8232 | Fundraising |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 526923 | Total |
| Program Services | 415831 | ProgramServices |
| Management And General | 106436 | ManagementAndGeneral |
| Fundraising | 4656 | Fundraising |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 45128 | Total |
| Management And General | 45128 | ManagementAndGeneral |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 46876 | Total |
| Management And General | 46876 | ManagementAndGeneral |
Advertising Advertising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 41176 | Total |
| Program Services | 135 | ProgramServices |
| Management And General | 41041 | ManagementAndGeneral |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 214830 | Total |
| Program Services | 143750 | ProgramServices |
| Management And General | 69183 | ManagementAndGeneral |
| Fundraising | 1897 | Fundraising |
Interest Interest
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1274841 | Total |
| Management And General | 1274841 | ManagementAndGeneral |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 868345 | Total |
| Program Services | 739113 | ProgramServices |
| Management And General | 129232 | ManagementAndGeneral |
Other Expenses OtherExpenses (5 entries)
| DescriptionDescription | TotalTotal | Program ServicesProgramServices | Management And GeneralManagementAndGeneral | FundraisingFundraising |
|---|---|---|---|---|
| CONTRACTED SERVICES | 1658086 | 1464792 | 193294 | |
| UTILITIES | 612627 | 563124 | 49503 | |
| FACILITY FEES | 283965 | 281907 | 2058 | |
| INSTITUTIONAL INSURANCE | 205839 | 160410 | 45429 | |
| UNIFORMS AND OTHER SUPP | 194612 | 145938 | 45978 | 2696 |
All Other Expenses AllOtherExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1782228 | Total |
| Program Services | 997426 | ProgramServices |
| Management And General | 761729 | ManagementAndGeneral |
| Fundraising | 23073 | Fundraising |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 22375480 | Total |
| Program Services | 18197039 | ProgramServices |
| Management And General | 4032323 | ManagementAndGeneral |
| Fundraising | 146118 | Fundraising |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1300 | BOY |
| EOY | 1300 | EOY |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 929366 | BOY |
| EOY | 913052 | EOY |
Pledges And Grants Receivable PledgesAndGrantsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 150000 | BOY |
| EOY | 124325 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 472589 | BOY |
| EOY | 909230 | EOY |
Other Notes Loans Receivable Net OtherNotesLoansReceivableNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 609099 | BOY |
| EOY | 232231 | EOY |
Inventories For Sale Or Use InventoriesForSaleOrUse
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 20006 | BOY |
| EOY | 18114 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 129912 | BOY |
| EOY | 134803 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 25846211 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 9200675 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 17150964 | BOY |
| EOY | 16645536 | EOY |
Investments Pub Traded Securities InvestmentsPubTradedSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 7828903 | BOY |
| EOY | 9480449 | EOY |
Investments Other Securities InvestmentsOtherSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 122000 | BOY |
| EOY | 122000 | EOY |
Intangible Assets IntangibleAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 151495 | BOY |
| EOY | 145517 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 27565634 | BOY |
| EOY | 28726557 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 914108 | BOY |
| EOY | 575214 | EOY |
Deferred Revenue DeferredRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 797457 | BOY |
| EOY | 910657 | EOY |
Mort Notes Pybl Secured Invest Prop MortNotesPyblSecuredInvestProp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 14545361 | BOY |
| EOY | 13968998 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1691538 | BOY |
| EOY | 1699343 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 17948464 | BOY |
| EOY | 17154212 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | -474454 | BOY |
| EOY | 1329350 | EOY |
Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 880805 | BOY |
| EOY | 1085009 | EOY |
Permanently Restricted Net Assets PermanentlyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 9210819 | BOY |
| EOY | 9157986 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 9617170 | BOY |
| EOY | 11572345 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 27565634 | BOY |
| EOY | 28726557 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | X | InfoInScheduleOPartXI |
| Reconcilation Revenue Expenses | 998783 | ReconcilationRevenueExpenses |
| Reconcilation Other Changes | 956392 | 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 |
| Audit Committee | 1 | AuditCommittee |
| Financial Statement Separate | X | FinancialStatementSeparate |
| Federal Grant Audit Required | 1 | FederalGrantAuditRequired |
| Federal Grant Audit Performed | 1 | FederalGrantAuditPerformed |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| School170b1 Aii | X | School170b1Aii |
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 | 9210819 | BeginningOfYearBalance |
| Contributions | 83595 | Contributions |
| Investment Earnings Or Losses | -136428 | InvestmentEarningsOrLosses |
| End Of Year Balance | 9157986 | EndOfYearBalance |
Current Year Minus1 Year CurrentYearMinus1Year
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 8911085 | BeginningOfYearBalance |
| Contributions | 249302 | Contributions |
| Investment Earnings Or Losses | 50432 | InvestmentEarningsOrLosses |
| End Of Year Balance | 9210819 | EndOfYearBalance |
Current Year Minus2 Years CurrentYearMinus2Years
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 8967093 | BeginningOfYearBalance |
| Contributions | 48472 | Contributions |
| Investment Earnings Or Losses | 65984 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 34172 | GrantsOrScholarships |
| Other Expenditures | 114402 | OtherExpenditures |
| Administrative Expenses | 21890 | AdministrativeExpenses |
| End Of Year Balance | 8911085 | EndOfYearBalance |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Endowments Held By Unrelated Orgs | 0 | EndowmentsHeldByUnrelatedOrgs |
| Endowments Held By Related Orgs | 0 | EndowmentsHeldByRelatedOrgs |
Land Land
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 597191 | OtherCostOrOtherBasis |
| Book Value | 597191 | BookValue |
Buildings Buildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 17174788 | OtherCostOrOtherBasis |
| Depreciation | 4871604 | Depreciation |
| Book Value | 12303184 | BookValue |
Leasehold Improvements LeaseholdImprovements
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 2314514 | OtherCostOrOtherBasis |
| Depreciation | 867261 | Depreciation |
| Book Value | 1447253 | BookValue |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 4509249 | OtherCostOrOtherBasis |
| Depreciation | 2609134 | Depreciation |
| Book Value | 1900115 | BookValue |
Other Land Buildings OtherLandBuildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 1250469 | OtherCostOrOtherBasis |
| Depreciation | 852676 | Depreciation |
| Book Value | 397793 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 16645536 | TotalOfBookValueLandBuildings |
Other Liabilities OtherLiabilities (4 entries)
| DescriptionDescription | AmountAmount |
|---|---|
| FEDERAL SHARE OF PERKINS LOAN PROGRAM | $199,530 |
| AGENCY FUNDS | $147,146 |
| SPLIT-INTEREST AGREEMENTS | $117,127 |
| BOND INTEREST RATE SWAP | $1,235,540 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 1699343 | TotalOfAmounts |
| Total Revenue | 23374263 | TotalRevenue |
| Total Expenses | 22375480 | TotalExpenses |
| Excess Or Deficit For Year | 998783 | ExcessOrDeficitForYear |
| Net Unrealized GL On Investments | 1110304 | NetUnrealizedGLOnInvestments |
| Other | -$153,912 | OtherAmount |
| Total Adjustments | 956392 | TotalAdjustments |
| Excess Or Deficit Per FS | 1955175 | ExcessOrDeficitPerFS |
| Tot Revenue Etc Audited Fincl Stmt | 15977103 | TotRevenueEtcAuditedFinclStmt |
| Net Unrealized Gains Investments | 1110304 | NetUnrealizedGainsInvestments |
| Revenue Not Rptd F990 | 1110304 | RevenueNotRptdF990 |
| Revenue Subtotal | 14866799 | RevenueSubtotal |
| Other Revenues Not Included | 8507464 | OtherRevenuesNotIncluded |
| Revenue Not Rptd On Fin Stmt | 8507464 | RevenueNotRptdOnFinStmt |
| Total Revenue Per Form990 | 23374263 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 13868016 | TotExpensesEtcAuditedFinclStmt |
| Expenses Not Rptd F990 | 0 | ExpensesNotRptdF990 |
| Expenses Subtotal | 13868016 | ExpensesSubtotal |
| Other Expenses Not Included | 8507464 | OtherExpensesNotIncluded |
| Expenses Not Rptd On Fin Stmt | 8507464 | ExpensesNotRptdOnFinStmt |
| Total Expenses Per Form990 | 22375480 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIV Form990ScheduleDPartXIV (2 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: | PART X: | 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, 2009 THROUGH JUNE 30, 2011 FOR FEDERAL INCOME TAX, THE YEARS THAT REMAIN SUBJECT TO EXAMINATION BY MAJOR TAX JURISDICTIONS AS OF JUNE 30, 2011. |
| CHANGE IN VALUE OF SWAP AGREEMENT, PERKINS LOANS, SPLIT-INTEREST AGREEMENTS, AND ASSET IMPAIRMENT WRITE-OFF $-153,912 FINANCIAL AID REPORTED AS A DISCOUNT TO REVENUE $8,507,464 |
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 | THE COLLEGE MAINTAINS AN INSTITUTION THAT IS RACIALLY NONDISCRIMINATORY. |
| EXPLANATION OF GOVERNMENT FINANCIAL ASSISTANCE | SCHEDULE E, PART I, LINE 6 | THE COLLEGE IS APPROVED TO PROVIDE STUDENT ASSISTANCE WITH THE FEDERAL TITLE 4 STUDENT FINANCIAL AID PROGRAMS. |
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 | FINANCIAL-AID SCHOLARSHIP | TypeOfGrant |
| Number Of Recipients | 998 | NumberOfRecipients |
| Amount Of Cash Grant | 8507464 | AmountOfCashGrant |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Housing Allowance Or Residence | X | HousingAllowanceOrResidence |
| 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 III Form990ScheduleJPartIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | SUPPLEMENTAL INFORMATION | Identifier |
| Return Reference | PART III | ReturnReference |
| Explanation | THE COLLEGE REQUIRES THE PRESIDENT AND STUDENT LIFE VP TO LIVE ON CAMPUS. | Explanation |
Schedule K IRS990ScheduleK
Form990 Schedule K Part I Form990ScheduleKPartI
Issuer Name IssuerName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | THE INDUSTRIAL DEVELOPMENT BOARD OF THE COUNTY OF MCMINN TENNESSEE | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| CUSIP Number | 58235KAB6 | CUSIPNumber |
| Date Issued | 2006-10-01 | DateIssued |
| Issue Price | 9500000 | IssuePrice |
| Defeased | 0 | Defeased |
| On Behalf Of Issuer | 0 | OnBehalfOfIssuer |
| Pool Financing | 0 | PoolFinancing |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (5 entries)
| IdentifierIdentifier | ExplanationExplanation | Return ReferenceReturnReference |
|---|---|---|
| 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. | |
| 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 B, LINE 15 | |
| GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICIES, AND FINANCIAL STATEMENTS ARE ONLY AVAILABLE UPON REQUEST BY THE PUBLIC. | FORM 990, PART VI, SECTION C, LINE 19 | |
| CHANGES IN NET ASSETS OR FUND BALANCES: | NET UNREALIZED GAINS ON INVESTMENTS: 1,110,304. CHANGE IN VALUE OF SWAP AGREEMENT 80,501. CHANGE IN VALUE OF PERKINS LOAN -60. ASSET IMPAIRMENT WRITE-OFF -323,609. CHANGE IN VALUE OF TRUSTS HELD BY THIRD PARTY 89,256. ROUNDING DIFFERENCES TOTAL TO FORM 990, PART XI, LINE 5: 956,392. | FORM 990, PART XI, LINE 5: |
| THE OVERSIGHT PROCESS OR SELECTION PROCESS FOR THE FINANCIAL AUDIT HAS NOT CHANGED FROM THE PRIOR YEAR. | 990 PART XII PAGE 12 LINE 2D |