FISK UNIVERSITY: Form 990, tax year 2009
View the entire original 990 at ProPublica ↗
- Organization
- FISK UNIVERSITY (EIN 62-0202000)
- Tax period
- 2009-07-01 to 2010-06-30
- Filed
- 2011-05-16
- IRS object ID
- 201101369349306435
- Schema version
- 2009v1.7
- 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 ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2011-05-16T17:50:33-04:00 | Timestamp |
| Tax Period End Date | 2010-06-30 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CROSSLIN & ASSOCIATES PC | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2525 WEST END SUITE 1100 | AddressLine1 |
| City | NASHVILLE | City |
| State | TN | State |
| ZIP Code | 37203 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2009-07-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 620202000 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | FISK UNIVERSITY | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | FISK | NameControl |
| Phone | 6153298500 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1000 17TH AVENUE | AddressLine1 |
| City | NASHVILLE | City |
| State | TN | State |
| ZIP Code | 37208 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | CLANCY ROBERTS | Name |
| Title | VP OF FINANCE/CFO | Title |
| Phone | 6153298500 | Phone |
| Date Signed | 2011-05-16 | DateSigned |
| Authorize Third Party | true | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | RICHARD M WINSTEAD | Name |
| Phone | 6153205500 | Phone |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2009 | TaxYear |
| Build TS | 2016-02-24 21:20:13Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | CLANCY ROBERTS | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1000 17TH AVENUE | AddressLine1 |
| City | NASHVILLE | City |
| State | TN | State |
| ZIP Code | 37208 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 25460340 | GrossReceipts |
| Group Return For Affiliates | false | GroupReturnForAffiliates |
| Organization501c | X | Organization501c |
| Web Site | WWW.FISK.EDU | WebSite |
| Type Of Organization Other | X | TypeOfOrganizationOther |
| Type Of Org Other Description | INSTITUTION | TypeOfOrgOtherDescription |
| Year Formation | 1867 | YearFormation |
| State Legal Domicile | TN | StateLegalDomicile |
| Activity Or Mission Description | Fisk University produces graduates from diverse backgrounds with the integrity and intellect required for substantive contributions to society. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 26 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 26 | NbrIndependentVotingMembers |
| Total Nbr Employees | 630 | TotalNbrEmployees |
| Total Nbr Volunteers | 6 | TotalNbrVolunteers |
| Total Gross UBI | 0 | TotalGrossUBI |
| Contributions Grants Prior Year | 12057002 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 10775358 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 11067455 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 10412034 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 126366 | InvestmentIncomePriorYear |
| Investment Income Current Year | 105964 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 4430518 | OtherRevenuePriorYear |
| Other Revenue Current Year | 4166984 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 27681341 | TotalRevenuePriorYear |
| Total Revenue Current Year | 25460340 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 4076679 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 3889647 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members Prior Year | 0 | BenefitsPaidToMembersPriorYear |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 11729507 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 11565744 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp Prior Year | 0 | TotalProfFundrsngExpPriorYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 656562 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 12445307 | OtherExpensePriorYear |
| Other Expenses Current Year | 12774392 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 28251493 | TotalExpensesPriorYear |
| Total Expenses Current Year | 28229783 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | -570152 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | -2769443 | RevenuesLessExpensesCY |
| Total Assets BOY | 109844401 | TotalAssetsBOY |
| Total Assets EOY | 107539550 | TotalAssetsEOY |
| Total Liabilities BOY | 18788852 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 19025140 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 91055549 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 88514410 | NetAssetsOrFundBalancesEOY |
| Mission Description | FISK UNIVERSITY PRODUCES GRADUATES FROM DIVERSE BACKGROUNDS WITH THE INTEGRITY AND INTELLECT REQUIRED FOR SUBSTANTIVE CONTRIBUTIONS TO SOCIETY. OUR CURRICULUM IS GROUNDED IN THE LIBERAL ARTS. OUR FACULTY AND ADMINISTRATORS EMPHASIZE THE DISCOVERY AND ADVANCEMENT OF KNOWLEDGE THROUGH RESEARCH IN THE NATURAL AND SOCIAL SCIENCES, BUSINESS AND THE HUMANITIES. WE ARE COMMITTED TO THE SUCCESS OF SCHOLARS AND LEADERS WITH GLOBAL PERSPECTIVE. THE D.E.T.A.I.L.S. REPRESENTS FISK'S CORE VALUES. OUR VALUES REFLECT OUR OVERALL ETHICAL AND MORAL ENGAGEMENT. WE, THE FISK FAMILY, SEEK TO INTERNALIZE THESE PRINCIPLES AND APPLY THEM IN OUR DAY-TO-DAY WORK AND IN OUR LIVES. DIVERSITY WE BELIEVE THAT OUR INDIVIDUAL DIFFERENCES ARE A COLLECTIVE STRENGTH. WE WILL SUPPORT AND ENCOURAGE DIVERSITY OF OPINION, OF CULTURE AND AIDS US IN BUILDING A COLLECTIVE WISDOM THAT RESULTS IN MORE POWERFUL AND RELEVANT SOLUTIONS TO OUR CHALLENGES. EXCELLENCE WE BELIEVE THAT EXCELLENCE IS THE RESULT OF A LIFELONG PURSUIT OF | MissionDescription |
| Significant New Program Services | false | SignificantNewProgramServices |
| Significant Change | false | SignificantChange |
| Expense | 20159253 | Expense |
| Grants | 3889647 | Grants |
| Revenue | 10412034 | Revenue |
| Description | THE ORGANIZATION IS AN INSTITUTE OF HIGHER EDUCATION AND PROVIDES INSTRUCTION SCHOLARSHIPS AND VARIOUS SUPPORT SERVICES IN ACHIEVING ITS PRIMARY PURPOSE OF EDUCATING STUDENTS. | Description |
| Total Program Service Expense | 20159253 | TotalProgramServiceExpense |
| Described In501 C3 | true | DescribedIn501C3 |
| Schedule B Required | true | ScheduleBRequired |
| Political Activities | false | PoliticalActivities |
| Lobbying Activities | false | LobbyingActivities |
| Donor Advised Funds | false | DonorAdvisedFunds |
| Conservation Easements | false | ConservationEasements |
| Collections Of Art | true | CollectionsOfArt |
| Credit Counseling | false | CreditCounseling |
| Term Or Permanent Endowments | true | TermOrPermanentEndowments |
| Balance Sheet Amounts Reported | true | BalanceSheetAmountsReported |
| Independent Audit Financial Stmt | true | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | false | ConsolidatedAuditFinancialStmt |
| School | true | School |
| Foreign Office | false | ForeignOffice |
| Foreign Activities | false | ForeignActivities |
| More Than5000 K To Organizations | false | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | false | MoreThan5000KToIndividuals |
| Professional Fundraising | false | ProfessionalFundraising |
| Fundraising Activities | false | FundraisingActivities |
| Gaming | false | Gaming |
| Hospital | false | Hospital |
| Grants To Organizations | false | GrantsToOrganizations |
| Grants To Individuals | true | GrantsToIndividuals |
| Schedule J Required | true | ScheduleJRequired |
| Tax Exempt Bonds | false | TaxExemptBonds |
| Excess Benefit Transaction | false | ExcessBenefitTransaction |
| Prior Excess Benefit Transaction | false | PriorExcessBenefitTransaction |
| Loan To Officer Or DQP | false | LoanToOfficerOrDQP |
| Grant To Related Person | false | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | false | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | false | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | false | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | false | DeductibleNonCashContributions |
| Deductible Contributions Of Art | false | DeductibleContributionsOfArt |
| Terminated | false | Terminated |
| Partial Liquidation | false | PartialLiquidation |
| Disregarded Entity | false | DisregardedEntity |
| Related Entity | false | RelatedEntity |
| Related Org Controlled Entity | false | RelatedOrgControlledEntity |
| Transfers To Exempt Non Chrtbl Org | false | TransfersToExemptNonChrtblOrg |
| Activities Conducted Partnership | false | ActivitiesConductedPartnership |
| Schedule O Required | true | ScheduleORequired |
| Number Forms Transmitted With1096 | 91 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Compliance With Backup Witholding | true | ComplianceWithBackupWitholding |
| Number Of Employees | 630 | NumberOfEmployees |
| Employment Tax Returns Filed | true | EmploymentTaxReturnsFiled |
| Unrelated Business Income | false | UnrelatedBusinessIncome |
| Foreign Financial Account | false | ForeignFinancialAccount |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTrans |
| Taxable Party Notification | false | TaxablePartyNotification |
| Non Deductible Contributions | false | NonDeductibleContributions |
| Quid Pro Quo Contributions | false | QuidProQuoContributions |
| Form8282 Property Disposed Of | false | Form8282PropertyDisposedOf |
| Funds To Pay Premiums | false | FundsToPayPremiums |
| Premiums Paid | false | PremiumsPaid |
| Nbr Voting Governing Body Members | 26 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 26 | NumberIndependentVotingMembers |
| Family Or Business Relationship | false | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | false | DelegationOfManagementDuties |
| Changes To Organizing Docs | false | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | false | MaterialDiversionOrMisuse |
| Members Or Stockholders | false | MembersOrStockholders |
| Election Of Board Members | false | ElectionOfBoardMembers |
| Decisions Subject To Approval | false | DecisionsSubjectToApproval |
| Minutes Of Governing Body | true | MinutesOfGoverningBody |
| Minutes Of Committees | true | MinutesOfCommittees |
| Officer Mailing Address | false | OfficerMailingAddress |
| Local Chapters | false | LocalChapters |
| Form990 Provided To Governing Body | true | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | true | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | true | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | true | RegularMonitoringEnforcement |
| Whistleblower Policy | true | WhistleblowerPolicy |
| Document Retention Policy | true | DocumentRetentionPolicy |
| Compensation Process CEO | true | CompensationProcessCEO |
| Compensation Process Other | true | CompensationProcessOther |
| Investment In Joint Venture | false | InvestmentInJointVenture |
| States Where Copy Of Return Is Filed | TN | StatesWhereCopyOfReturnIsFiled |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Person | CLANCY ROBERTS | NamePerson |
| Telephone Number | 6153298604 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1000 17TH AVENUE | AddressLine1 |
| City | NASHVILLE | City |
| State | TN | State |
| ZIP Code | 37208 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionA (29 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | Highest Compensated EmployeeHighestCompensatedEmployee | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation | OfficerOfficer | Key EmployeeKeyEmployee |
|---|---|---|---|---|---|---|---|---|
| ALMA BROWN | ||||||||
| TRUSTEE | 1.0 | X | ||||||
| MIKE CURB | ||||||||
| TRUSTEE | 1.0 | X | ||||||
| EDDIE HAMILTON | ||||||||
| TRUSTEE | 1.0 | X | ||||||
| ROBERT HANFLING | ||||||||
| TRUSTEE | 1.0 | X | ||||||
| KASE LAWAL | ||||||||
| TRUSTEE | 1.0 | X | ||||||
| ROBERT MALLETT | ||||||||
| TRUSTEE | 1.0 | X | ||||||
| JOAN MOBLEY | ||||||||
| TRUSTEE | 1.0 | X | ||||||
| PATRICIA MEADOWS | ||||||||
| TRUSTEE | 1.0 | X | ||||||
| GREGG MORTON | ||||||||
| TRUSTEE | 1.0 | X | ||||||
| SHEILA PETERS | ||||||||
| TRUSTEE | 1.0 | X | ||||||
| DONNA RICE | ||||||||
| TRUSTEE | 1.0 | X | ||||||
| WILLIS SHEFTALL | ||||||||
| TRUSTEE | 1.0 | X | ||||||
| PERIAN STRANG | ||||||||
| TRUSTEE | 1.0 | X | ||||||
| MICHAEL WOODHOUSE | ||||||||
| TRUSTEE | 1.0 | X | ||||||
| WARREN COLLINS | ||||||||
| TRUSTEE AND PROFESSOR | 40.0 | X | X | 118509 | 0 | 2865 | ||
| THE HONORABLE LESLIE MEEK | ||||||||
| TRUSTEE | 1.0 | X | ||||||
| EDDIE GEORGE | ||||||||
| TRUSTEE | 1.0 | X | ||||||
| HOWARD GENTRY JR | ||||||||
| TRUSTEE | 1.0 | X | ||||||
| CHERYL DANIEL | ||||||||
| TRUSTEE | 1.0 | X | ||||||
| LINDA COLEMAN | ||||||||
| TRUSTEE | 1.0 | X | ||||||
| BARBARA BOWLES | ||||||||
| TRUSTEE | 1.0 | X | ||||||
| P ANDREW PATTERSON | ||||||||
| TRUSTEE | 1.0 | X | ||||||
| ROBERT NORTON | ||||||||
| TRUSTEE | 1.0 | X | ||||||
| JOHN BLUFORD | ||||||||
| TRUSTEE | 1.0 | X | ||||||
| MICHAEL REEVES | ||||||||
| TRUSTEE | 1.0 | X | ||||||
| HAZEL O'LEARY | ||||||||
| PRESIDENT and trustee | 40.0 | X | X | 238750 | 0 | 0 | X | X |
| MARIE WILLIAMS | ||||||||
| VP & CHIEF ADMIN OFFICER | 40.0 | X | 151042 | 0 | 2333 | X | X | |
| CHRISTOPHER M BROWN II | ||||||||
| EXECUTIVE VP/PROVOST | 40.0 | X | 258750 | 0 | 4146 | X | X | |
| ARNOLD BURGER | ||||||||
| PROFESSOR | 40.0 | X | 140646 | 0 | 1943 | |||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 907697 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 0 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 11287 | TotalOtherCompensation |
| Number Individuals GT100 K | 5 | NumberIndividualsGT100K |
| Formers Listed | false | FormersListed |
| Total Comp GT150 K | true | TotalCompGT150K |
| Compensation From Other Sources | false | CompensationFromOtherSources |
Contractor Compensation ContractorCompensation (5 entries)
| Address Line1AddressOfContractor/AddressUS/AddressLine1 | CityAddressOfContractor/AddressUS/City | StateAddressOfContractor/AddressUS/State | ZIP CodeAddressOfContractor/AddressUS/ZIPCode | Description Of ServicesDescriptionOfServices | CompensationCompensation |
|---|---|---|---|---|---|
| BONE MCALLESTER NORTON PLLC | |||||
| 500 UNION STREET SUITE 1600 | NASHVILLE | TN | 37219 | LEGAL SERVICES | 186999 |
| ORION BUILDING CORPORATION | |||||
| 2014 BROADWAY SUITE 200 | NASHVILLE | TN | 37201 | CONSTRUCTION SERVICE | 209259 |
| GCA SERVICES GROUP | |||||
| P O BOX 534198 | ATLANTA | GA | 30353 | JANITORIAL SERVICES | 243541 |
| ADVANTAGE BUILDERS INC | |||||
| 504 AUTUMN SPRINGS CT SUITE 23 | FRANKLIN | TN | 37067 | CONSTRUCTION SERVICE | 379191 |
| HONEYWELL INC | |||||
| 12490 COLLECTIONS CENTER DRIVE | CHICAGO | IL | 60693 | MAINTENANCE SERVICES | 392020 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 7 | NumberOfContractorsGT100K |
| Government Grants | 7835223 | GovernmentGrants |
| All Other Contributions | 2940135 | AllOtherContributions |
| Total Contributions | 10775358 | TotalContributions |
Program Service Revenue ProgramServiceRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | TUITION AND FEES | Description |
| Total Revenue Column | 10412034 | TotalRevenueColumn |
| Related Or Exempt Function Income | 10412034 | RelatedOrExemptFunctionIncome |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 10412034 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 105964 | TotalRevenueColumn |
| Exclusion | $105,964 | ExclusionAmount |
Income From Invest Bond Proceeds IncomeFromInvestBondProceeds
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
Royalties Revenue RoyaltiesRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
Net Gain Or Loss Investments NetGainOrLossInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
Net Income From Fundraising Events NetIncomeFromFundraisingEvents
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
Net Income From Gaming NetIncomeFromGaming
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
Net Income Or Loss NetIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
Other Revenue Misc OtherRevenueMisc (3 entries)
| DescriptionDescription | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome | ExclusionExclusionAmount |
|---|---|---|---|
| AUXILLIARY INCOME | 2934271 | 2934271 | |
| OTHER INCOME | 586186 | 586186 | |
| INVOLUNTARY CONVERSION - FLOOD | 646527 | $646,527 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Revenue | 4166984 | TotalOtherRevenue |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 25460340 | TotalRevenueColumn |
| Related Or Exempt Function Income | 13932491 | RelatedOrExemptFunctionIncome |
| Exclusion | $752,491 | ExclusionAmount |
Grants To Domestic Orgs GrantsToDomesticOrgs
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Grants To Domestic Individuals GrantsToDomesticIndividuals
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 3889647 | Total |
| Program Services | 3889647 | ProgramServices |
Foreign Grants ForeignGrants
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Benefits To Members BenefitsToMembers
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 837697 | Total |
| Program Services | 259155 | ProgramServices |
| Management And General | 578542 | ManagementAndGeneral |
Comp Disqual Persons CompDisqualPersons
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 9105981 | Total |
| Program Services | 6148071 | ProgramServices |
| Management And General | 2506836 | ManagementAndGeneral |
| Fundraising | 451074 | Fundraising |
Pension Plan Contributions PensionPlanContributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1622066 | Total |
| Program Services | 633138 | ProgramServices |
| Management And General | 869400 | ManagementAndGeneral |
| Fundraising | 119528 | Fundraising |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Fees For Services Management FeesForServicesManagement
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 402653 | Total |
| Program Services | 6669 | ProgramServices |
| Management And General | 395984 | ManagementAndGeneral |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 83001 | Total |
| Management And General | 83001 | ManagementAndGeneral |
Fees For Services Lobbying FeesForServicesLobbying
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Fees For Services Prof Fundraising FeesForServicesProfFundraising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Fees For Services Invst Mgmnt Fees FeesForServicesInvstMgmntFees
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 111456 | Total |
| Program Services | 109 | ProgramServices |
| Management And General | 111347 | ManagementAndGeneral |
Fees For Services Other FeesForServicesOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Advertising Advertising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 15410 | Total |
| Program Services | 12462 | ProgramServices |
| Management And General | 2798 | ManagementAndGeneral |
| Fundraising | 150 | Fundraising |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 549002 | Total |
| Program Services | 449817 | ProgramServices |
| Management And General | 80615 | ManagementAndGeneral |
| Fundraising | 18570 | Fundraising |
Information Technology InformationTechnology
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 232665 | Total |
| Program Services | 42518 | ProgramServices |
| Management And General | 181578 | ManagementAndGeneral |
| Fundraising | 8569 | Fundraising |
Royalties Royalties
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1095522 | Total |
| Program Services | 942149 | ProgramServices |
| Management And General | 153373 | ManagementAndGeneral |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 451438 | Total |
| Program Services | 323965 | ProgramServices |
| Management And General | 108161 | ManagementAndGeneral |
| Fundraising | 19312 | Fundraising |
Travel Entrtnmnt Public Officials TravelEntrtnmntPublicOfficials
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Conferences Meetings ConferencesMeetings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 16939 | Total |
| Program Services | 1230 | ProgramServices |
| Management And General | 15209 | ManagementAndGeneral |
| Fundraising | 500 | Fundraising |
Interest Interest
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 604602 | Total |
| Program Services | 519958 | ProgramServices |
| Management And General | 84644 | ManagementAndGeneral |
Payments To Affiliates PaymentsToAffiliates
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 3074455 | Total |
| Program Services | 2644031 | ProgramServices |
| Management And General | 430424 | ManagementAndGeneral |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 366265 | Total |
| Program Services | 314988 | ProgramServices |
| Management And General | 51277 | ManagementAndGeneral |
Other Expenses OtherExpenses (5 entries)
| DescriptionDescription | TotalTotal | Program ServicesProgramServices | Management And GeneralManagementAndGeneral | FundraisingFundraising |
|---|---|---|---|---|
| REPAIRS AND MAINTENANCE | 1042894 | 896889 | 146005 | |
| FOOD SERVICES | 1107580 | 1097675 | 9905 | |
| CONTRACT SERVICES | 871537 | 171045 | 683510 | 16982 |
| STIPENDS | 896300 | 896300 | ||
| CONSULTING | 148876 | 106791 | 42085 |
All Other Expenses AllOtherExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1703797 | Total |
| Program Services | 802646 | ProgramServices |
| Management And General | 879274 | ManagementAndGeneral |
| Fundraising | 21877 | Fundraising |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 28229783 | Total |
| Program Services | 20159253 | ProgramServices |
| Management And General | 7413968 | ManagementAndGeneral |
| Fundraising | 656562 | Fundraising |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2625386 | BOY |
| EOY | 2184255 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 6231788 | BOY |
| EOY | 5812321 | EOY |
Other Notes Loans Receivable Net OtherNotesLoansReceivableNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 393851 | BOY |
| EOY | 355507 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 695162 | BOY |
| EOY | 707077 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 76215185 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 50873515 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 26893896 | BOY |
| EOY | 25341670 | EOY |
Investments Pub Traded Securities InvestmentsPubTradedSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 4802823 | BOY |
| EOY | 4937225 | EOY |
Investments Program Related InvestmentsProgramRelated
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 68201495 | BOY |
| EOY | 68201495 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 109844401 | BOY |
| EOY | 107539550 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 3841737 | BOY |
| EOY | 4058688 | EOY |
Deferred Revenue DeferredRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1126522 | BOY |
| EOY | 1519347 | EOY |
Tax Exempt Bond Liabilities TaxExemptBondLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 8729519 | BOY |
| EOY | 8464519 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 5091074 | BOY |
| EOY | 4982586 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 18788852 | BOY |
| EOY | 19025140 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 75481850 | BOY |
| EOY | 71792164 | EOY |
Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 3648197 | BOY |
| EOY | 4530623 | EOY |
Permanently Restricted Net Assets PermanentlyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 11925502 | BOY |
| EOY | 12191623 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 91055549 | BOY |
| EOY | 88514410 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 109844401 | BOY |
| EOY | 107539550 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | false | AccountantCompileOrReview |
| FS Audited | true | FSAudited |
| Audit Committee | true | AuditCommittee |
| Financial Statement Separate | X | FinancialStatementSeparate |
| Federal Grant Audit Required | true | FederalGrantAuditRequired |
| Federal Grant Audit Performed | true | 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
| Field | Value | IRS element (for citing) |
|---|---|---|
| Art Public Exhibition Amts | ArtPublicExhibitionAmts |
Held Works Of Art Amts HeldWorksOfArtAmts
| Field | Value | IRS element (for citing) |
|---|---|---|
| Assets In Part X | 68201495 | AssetsInPartX |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Collect Used For Public Exhibition | X | CollectUsedForPublicExhibition |
| Collect Used For Scholar Research | X | CollectUsedForScholarResearch |
| Collect Used For Preservation | X | CollectUsedForPreservation |
| Collect Used For Loan Or Exch Prgrms | X | CollectUsedForLoanOrExchPrgrms |
Collection Used For Other CollectionUsedForOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Collection Used For Other Purposes | X | CollectionUsedForOtherPurposes |
| Description Of Other Purposes | EDUCATIONAL OUTREACH PROGRAMS | DescriptionOfOtherPurposes |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Solicited Assets For Sale | false | SolicitedAssetsForSale |
Current Year CurrentYear
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 12141741 | BeginningOfYearBalance |
| Contributions | 266121 | Contributions |
| Investment Earnings Or Losses | 340558 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 137200 | GrantsOrScholarships |
| End Of Year Balance | 12611220 | EndOfYearBalance |
Current Year Minus1 Year CurrentYearMinus1Year
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 12431114 | BeginningOfYearBalance |
| Contributions | 393527 | Contributions |
| Investment Earnings Or Losses | -364075 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 118825 | GrantsOrScholarships |
| Other Expenditures | 200000 | OtherExpenditures |
| End Of Year Balance | 12141741 | EndOfYearBalance |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated EOY Balance | 0.00000 | BoardDesignatedEOYBalance |
| Permanent Endowment EOY Balance | 0.96673 | PermanentEndowmentEOYBalance |
| Term Endowment EOY Balance | 0.03327 | TermEndowmentEOYBalance |
| Endowments Held By Unrelated Orgs | false | EndowmentsHeldByUnrelatedOrgs |
| Endowments Held By Related Orgs | false | EndowmentsHeldByRelatedOrgs |
Land Land
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | 123350 | InvestmentCostOrOtherBasis |
| Other Cost Or Other Basis | 1084188 | OtherCostOrOtherBasis |
| Book Value | 1207538 | BookValue |
Buildings Buildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 48777442 | OtherCostOrOtherBasis |
| Depreciation | 27971864 | Depreciation |
| Book Value | 20805578 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Leasehold Improvements | LeaseholdImprovements |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 23425856 | OtherCostOrOtherBasis |
| Depreciation | 21215423 | Depreciation |
| Book Value | 2210433 | BookValue |
Other Land Buildings OtherLandBuildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 2804350 | OtherCostOrOtherBasis |
| Depreciation | 1686229 | Depreciation |
| Book Value | 1118121 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 25341670 | TotalOfBookValueLandBuildings |
Investments Program Related InvestmentsProgramRelated
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | STIEGLITZ ART COLLECTION | Description |
| Book Value | 68201495 | BookValue |
| Method Of Valuation | F | MethodOfValuation |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Program Related | 68201495 | TotalOfBookValueProgramRelated |
| Federal Income Tax Liability | 0 | FederalIncomeTaxLiability |
Other Liabilities OtherLiabilities (4 entries)
| DescriptionDescription | AmountAmount |
|---|---|
| DEPOSITS HELD IN CUSTODY | $49,000 |
| ADV. FROM FED GOVT. FOR PERKIN | $394,866 |
| BANK LINE OF CREDIT | $4,394,689 |
| CAPITAL LEASE OBLIGATION | $144,031 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 4982586 | TotalOfAmounts |
| Total Revenue | 25460340 | TotalRevenue |
| Total Expenses | 28229783 | TotalExpenses |
| Excess Or Deficit For Year | -2769443 | ExcessOrDeficitForYear |
| Net Unrealized GL On Investments | 228304 | NetUnrealizedGLOnInvestments |
| Total Adjustments | 228304 | TotalAdjustments |
| Excess Or Deficit Per FS | -2541139 | ExcessOrDeficitPerFS |
| Tot Revenue Etc Audited Fincl Stmt | 20552081 | TotRevenueEtcAuditedFinclStmt |
| Other Revenues | -3889647 | OtherRevenues |
| Revenue Not Rptd F990 | -3889647 | RevenueNotRptdF990 |
| Revenue Subtotal | 24441728 | RevenueSubtotal |
| Other Revenues Not Included | 1018612 | OtherRevenuesNotIncluded |
| Revenue Not Rptd On Fin Stmt | 1018612 | RevenueNotRptdOnFinStmt |
| Total Revenue Per Form990 | 25460340 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 24340136 | TotExpensesEtcAuditedFinclStmt |
| Expenses Subtotal | 24340136 | ExpensesSubtotal |
| Other Expenses Not Included | 3889647 | OtherExpensesNotIncluded |
| Expenses Not Rptd On Fin Stmt | 3889647 | ExpensesNotRptdOnFinStmt |
| Total Expenses Per Form990 | 28229783 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIV Form990ScheduleDPartXIV (5 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| SCHEDULE D PART III | LINE 4 | Fisk University Galleries provides a welcoming environment and fosters an appreciation and understanding of art through exhibitions, classroom instruction, educational programs, and research. The Fisk art collection consists of more than 4000 works of art - paintings, prints, drawings, sculptures, photographs, historical artifacts and other objects - from cultures across the globe. Major collections include the Alfred Stiegltiz Collection of Modern Art, The Harmon Foundation Collection of African American Art, The Liff Family Collection of African Art, and The Winold Reiss Portrait Collection among many others. Works from the collection are exhibited regularly in permanent and temporary exhibitions at the university's Aaron Douglas and Carl Van Vechten galleries. They are also occasionally loaned for temporary exhibition at accredited museums across the United States. The galleries also seek to raise awareness and support an appreciation of art through the continued acquisition and preservation of works of art received as donations to Fisk University Galleries. The collections and any benefits from the art will be used for the mission of the University. |
| SCHEDULE D PART XII | LINE 2D | $(3,889,647) SCHOLARSHIP EXPENSE SHOWN ON BOOKS AS REVENUE OFFSET REPORTED ON THE TAX RETURN AS AN EXPENSE. |
| SCHEDULE D PART XII | LINE 4B | TOTAL OF $1,018,612 CONSISTS OF NON-OPERATING ACTIVITIES ON THE AUDIT INCLUDED IN REVENUE ON THE FORM 990: INTEREST AND DIVIDENDS $105,964 GAIN ON INVOLUNTARY CONVERSION $646,527 PRIVATE GIFTS AND GRANTS $266,121 |
| SCHEDULE D PART XIII | LINE 4B | $3,889,647 SCHOLARSHIP EXPENSE SHOWN ON BOOKS AS REVENUE OFFSET REPORTED ON THE TAX RETURN AS AN EXPENSE. |
| SCHEDULE D PART V | LINE 4 | THE UNIVERSITY'S ENDOWMENT CONSISTS OF INDIVIDUAL DONOR RESTRICTED FUNDS ESTABLISHED FOR A VARIETY OF PURPOSES. AS REQUIRED BY GAAP, NET ASSETS ASSOCIATED WITH ENDOWMENT FUNDS ARE CLASSIFIED AND REPORTED BASED ON THE EXISTENCE OR ABSENCE OF DONOR-IMPOSED RESTRICTIONS. THE UNIVERSITY CLASSIFIES AS PERMANENTLY RESTRICTED NET ASSETS (A) THE ORIGINAL VALUE OF GIFTS DONATED TO THE PERMANENT ENDOWMENT, (B) THE ORIGINAL VALUE OF SUBSEQUENT GIFTS TO THE PERMANENT ENDOWMENT, AND (C) ACCUMULATIONS TO THE PERMANENT ENDOWMENT MADE IN ACCORDANCE WITH THE DIRECTION OF THE APPLICABLE DONOR GIFT INSTRUMENT AT THE TIME THE ACCUMULATION IS ADDED TO THE FUND. THE REMAINING PORTION OF THE DONOR-RESTIRCTED ENDOWMENT FUND THAT IS NOT CLASSIFIED IN PERMANENTLY RESTRICTED NET ASSETS IS CLASSIFIED AS TEMPORARILY RESTRICTED NET ASSETS UNTIL THOSE AMOUNTS ARE APPROPRIATED FOR EXPENDITURE BY THE UNIVERSITY IN A MANNER CONSISTENT WITH THE STANDARD OF PRUDENCE PRESCRIBED BY APPLICABLE STATE LAWS. |
Schedule E IRS990ScheduleE
| Field | Value | IRS element (for citing) |
|---|---|---|
| Nondiscriminatory Policy Stmt | true | NondiscriminatoryPolicyStmt |
| Policy Statement In Brochures Etc | true | PolicyStatementInBrochuresEtc |
| Policy Publ Via Broadcast Media | true | PolicyPublViaBroadcastMedia |
| Pub Via Broadcast Media Expln | THE COLLEGE'S NONDISCRIMINATORY POLICY IS PRINTED IN THE "EMPLOYEE POLICIES AND PROCEDURES" MANUAL AS WELL AS THE STUDENT HANDBOOK. | PubViaBroadcastMediaExpln |
| Maint Racial Composition Records | true | MaintRacialCompositionRecords |
| Maint Scholarships Records | true | MaintScholarshipsRecords |
| Maint Copies Of Brochures Etc | true | MaintCopiesOfBrochuresEtc |
| Maint Copies Of All Solicitations | true | MaintCopiesOfAllSolicitations |
| Discriminate Race Students Rights | false | DiscriminateRaceStudentsRights |
| Discriminate Race Admiss Policies | false | DiscriminateRaceAdmissPolicies |
| Discriminate Race Emplmn Faculty | false | DiscriminateRaceEmplmnFaculty |
| Discriminate Race Scholarships | false | DiscriminateRaceScholarships |
| Discriminate Race Educ Policies | false | DiscriminateRaceEducPolicies |
| Discriminate Race Use Of Fclts | false | DiscriminateRaceUseOfFclts |
| Discriminate Race Athletic Prog | false | DiscriminateRaceAthleticProg |
| Discriminate Race Other Acty | false | DiscriminateRaceOtherActy |
| Government Financial Aid Received | true | GovernmentFinancialAidReceived |
| Government Financial Aid Revoked | false | GovernmentFinancialAidRevoked |
| Govt Financial Aid Explanation | THROUGH AN APPROVED PROGRAM PARTICIPATION AGREEMENT (PPA) WITH THE U.S. DEPARTMENT OF EDUCATION (DOE), FISK UNIVERSITY IS APPROVED TO PARTICIPATE IN ALL FEDERAL TITLE IV STUDENT FINANCIAL AID PROGRAMS AND WAS AWARDED A TITLE III GRANT FROM THE DOE UNDER "STRENGTHENING HISTORICALLY BLACK COLLEGES AND MINORITY SERVING INSTITUTIONS." | GovtFinancialAidExplanation |
| Compliance With Rev Proc7550 | true | ComplianceWithRevProc7550 |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Records Maintained | true | RecordsMaintained |
Form990 Schedule I Part III Form990ScheduleIPartIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Type Of Grant | SCHOLARSHIPS & FELLOWSHIPS FOR STUDENTS ATTENDING | TypeOfGrant |
| Number Of Recipients | 276 | NumberOfRecipients |
| Amount Of Cash Grant | 3889647 | AmountOfCashGrant |
| 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 | SCHEDULE I | Identifier |
| Return Reference | PART I LINE 2 | ReturnReference |
| Explanation | The Office of Sponsored Prorgrams is responsible for ensuring that auditable records are maintained in suppport of all direct and indirect charges to grants, contracts, or agreements. The Principal Investigator initially approves all expenditures of a sponsored project and is responsible for determining whether the sponsor will allow an item of direct cost, before the expenditure is processed. In addition, these expenditures are also closely reviewed and monitored by the Office of Sponsored Programs before the expenditure requisition is approved for payment to ensure that the grant funds are properly utilized for the purposes specified in the grant contract/agreeement. | Explanation |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Housing Allowance Or Residence | X | HousingAllowanceOrResidence |
| Written Policy Re T And E Expenses | true | WrittenPolicyReTAndEExpenses |
| Substantiation Required | true | SubstantiationRequired |
| Written Employment Contract | X | WrittenEmploymentContract |
| Compensation Survey | X | CompensationSurvey |
| Board Or Committee Approval | X | BoardOrCommitteeApproval |
| Severance Payment | false | SeverancePayment |
| Supplemental Nonqual Retire Plan | false | SupplementalNonqualRetirePlan |
| Equity Based Comp Arrangement | false | EquityBasedCompArrangement |
| Comp Based On Revenue Of Filing Org | false | CompBasedOnRevenueOfFilingOrg |
| Comp Based On Revenue Related Orgs | false | CompBasedOnRevenueRelatedOrgs |
| Comp Based Net Earnings Filing Org | false | CompBasedNetEarningsFilingOrg |
| Comp Based Net Earnings Relate Orgs | false | CompBasedNetEarningsRelateOrgs |
| Any Non Fixed Payments | false | AnyNonFixedPayments |
| Initial Contract Exception | false | InitialContractException |
Form990 Schedule J Part II Form990ScheduleJPartII (3 entries)
| Base Compensation Filing OrgBaseCompensationFilingOrg | Comp Based On Related OrgsCompBasedOnRelatedOrgs | Bonus Filing OrgBonusFilingOrg | Bonus Related OrgsBonusRelatedOrgs | Other Compensation Filing OrgOtherCompensationFilingOrg | Other Compensation Related OrgsOtherCompensationRelatedOrgs | Deferred Comp Filing OrgDeferredCompFilingOrg | Deferred Comp Related OrgsDeferredCompRelatedOrgs | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrg | Nontaxable Benefits Related OrgsNontaxableBenefitsRelatedOrgs | Total Compensation Filing OrgTotalCompensationFilingOrg | Total Compensation Related OrgsTotalCompensationRelatedOrgs | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrg | Comp Report Prior990 Related OrgsCompReportPrior990RelatedOrgs |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| MARIE WILLIAMS | |||||||||||||
| 151042 | 0 | 0 | 0 | 0 | 0 | 2333 | 0 | 0 | 0 | 153375 | 0 | 0 | 0 |
| HAZEL O'LEARY | |||||||||||||
| 213750 | 0 | 0 | 0 | 25000 | 0 | 0 | 0 | 0 | 0 | 238750 | 0 | 0 | 0 |
| CHRISTOPHER M BROWN II | |||||||||||||
| 213750 | 0 | 0 | 0 | 45000 | 0 | 4146 | 0 | 0 | 0 | 262896 | 0 | 0 | 0 |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (4 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| 990 PART VI | SECTION A LINE 10 | A COPY OF THE FORM 990 WAS DISTRIBUTED TO THE AUDIT COMMITTEE AND APPROVED ON MAY 12, 2011. THE AUDIT COMMITTEE CHAIR REVIEWED CHANGES MADE TO THE 990 AFTER THE AUDIT COMMITTEE MEETING THAT WERE DISCUSSED AND APPROVED BY THE AUDIT COMMITTEE MEMBERS AT THE MEETING. |
| 990 PART VI | SECTION B LINE 12C | The Fisk University ("Fisk" or the "University") Board of Trustees (the "Board") has adopted a Conflict of Interest Policy (the "Policy") that is currently in effect. The Policy establishes a procedure for trustees to disclose conflicts or potential conflicts of interest as they arise. The Policy also creates a procedure whereby the individual facts of each situation can be assessed in relation to the best interests of the University and an informed, unbiased decision can be made with regard to whether a particular conflict is permissible or impermissible under the Policy. The Policy requires each trustee to submit an Annual Conflict of Interest Disclosure Statement at least annually to the Board Secretary. New trustees are required to submit the Annual Conflict of Interest Disclosure Statements upon accepting service on the Board and in no event later than his or her first Board/Board Committee meeting. The University endeavors to ensure strict compliance with this Policy. To achieve this goal, the University continually reminds and educates the Board members about conflicts issues. At new trustee orientation, the University's General Counsel provides a tutorial on conflicts issues, reviews the University's Bylaws regarding conflicts, and reviews the terms of the Policy, including reporting requirements. Also, at the beginning of each annual meeting of the Board, the Board members are reminded by the Board's Chairman, the University's President and the University's General Counsel about conflict reporting requirements; and, the Board members are required to submit an Annual Conflict of Interest Disclosure Statement prior to the adjournment of the meeting. Following the meeting, the University's General Counsel checks each Annual Conflict of Interest Disclosure Statement received to ensure that all trustees have completed the required form. The General Counsel obtains the Annual Conflict of Interest Disclosure Statement from any trustee who did not attend the annual meeting of the Board or who did not return the form at the adjournment of that meeting. Additionally, the University's Bylaws specify the President or his or her designee(s) as the only University official(s) authorized to enter into a binding agreement on behalf of the University. By limiting signatory authority to the President, the University has centralized and standardized its contract review process. All contracts are required to undergo review by the University's General Counsel, who submits a written recommendation with regard to the contract to the University's President. By centralizing and standardizing its contract review process through, at least these two offices, the University is able to, among other things, review all contractual arrangements to ensure that there are no undisclosed conflict of interests issues presented in any such arrangement. |
| 990 PART VI | SECTION B LINE 15B | Governance and Administration: CEO evaluation/selection The governing board of the institution is responsible for the selection and the periodic evaluation of the chief executive officer. The Fisk Board of Trustees employs search firms that specialize in the placement of senior administrative personnel at institutions of higher education. The search firm then manages the entire recruitment process, including job search postings, screenings of applicants and their credentials as well as the coordination of candidate interviews with selected members from the Fisk Board of Trustees. Such searches are conducted on a 'highly confidential' basis and do not involve the Office of Human Resources until such time as the Board of Trustees selects and announces the presidential candidate. In addition, the Board of Trustees, uses its legal counsel to formulate and/or review all presidential contracts for the University. Article V, Section 1 of Fisk University's ("Fisk" or the "University") Amended and Restated Bylaws (the "Bylaws") confers to its Board of Trustees (the "Board") the authority to appoint the President, who serves as the University's Chief Executive Officer. Specifically, Article V, Section 1 of the Bylaws states that the Board is responsible for the selection of the institution's President. Pursuant to Article IV, Section 1 of the Bylaws, the Executive Committee of the Board is charged with responsibility of evaluating the President's performance and setting his or her compensation. Under this provision of the Bylaws, the Executive Committee is comprised of the Board Chairman, Vice-Chairman, the Secretary of the Board, the Chairpersons of each of the Board's Standing Committees, and the President. The Executive Committee is staffed by the General Counsel and Secretary, who serves as an ex officio member of the Committee. The Bylaws direct the Executive Committee to develop, implement and evaluate the President's performance management program, compensation, and conditions of employment. The employment agreement between the University and the University's current President also sets forth a process for the President's evaluation. The employment agreement requires the President to develop a performance plan under which she is to be evaluated. Specifically, Section 3(B) of the agreement contemplates that the Board may perform an annual or periodic performance review of the President. The date(s) and frequency of such performance review(s) to occur are to be determined in the sole discretion of the University's Board of Trustees, through the applicable Committee of the Board (the "Committee"). Section 3(B) of the employment agreement also states that the President's initial performance plan shall be adjusted annually by the Committee and the President prior to the close of each fiscal year. Compensation data is evaluated utilizing salary data provided by CUPA-HR so as to compare Fisk compensation data with comparable compensation for similarly qualified persons in functionally comparable positions at similarly situated organizations. Compensation data for the President, other offices and/or key employees of the University are kept in their respective personnel files within the Office of Human Resources. Compensation data for the President and Provost are also retained by the University's Legal Counsel. |
| 990 PART VI | SECTION C LINE 19 | FISK UNIVERSITY HAS COPIES OF ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ON FILE TO BE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. |