2011-01-10T12:28:20-06:00 2010-05-31 Lattimore Black Morgan & Cain PC PO Box 1869 Brentwood TN 370241869 990 2009-06-01 620485733 LIPSCOMB UNIVERSITY LIPS 6159661000 ONE UNIVERSITY PARK DRIVE NASHVILLE TN 372043951 Danny H Taylor 6159661000 2011-01-08 1 JULIE BARTLETT 6153774600 2009 2016-02-24 21:20:13Z Lipscomb University DANNY H TAYLOR ONE UNIVERSITY PARK DR NASHVILLE TN 37204 172817657 0 X www.lipscomb.edu X 1891 TN Lipscomb University delivers a complete education characterized by integration of Christian faith and practice with academic excellence. This complete education, which includes liberal arts studies and professional preparation, does not suggest a finished education. Rather, it reflects Lipscomb's commitment to the comprehensive development of each student - spiritually, intellectually, socially, and physically - as Lipscomb prepares its graduates for a life of learning, leading, and serving. 32 31 2230 400 0 0 10845406 6898649 63981942 88979183 -2922456 -2122717 408299 544347 72313191 94299462 15411653 0 40130066 44127704 139757 2339958 43690093 39167671 83820159 98846785 -11506968 -4547323 193552526 194512319 110306548 107910570 83245978 86601749 Lipscomb University delivers a complete education characterized by integration of Christian faith and practice with academic excellence. This complete education, which includes liberal arts studies and professional preparation, does not suggest a finished education. Rather, it reflects Lipscomb's commitment to the comprehensive development of each student - spiritually, intellectually, socially, and physically - as Lipscomb prepares its graduates for a life of learning, leading, and serving. 0 0 46239752 15340921 76213480 INSTRUCTIONAL EXPENSES:Classroom and online and Global instruction in a collaborative Christian liberal arts learning environment from pre-kindergarten through the doctoral level. 13180732 Student Services:Engaging student life in a dynamic and diverse community that gives students the opportunity to be real with themselves and each other while providing opportunities for spiritual faith development through service and learning. 9933400 12765703 Auxiliary Enterprises:Provides students with the engaging on-campus Lipscomb experience. Students who live on campus typically experience a strong sense of positive community. 8525900 Academic Support:Includes academic counseling & testing services, academic program development, University Deans, instructional technology, library services, and other areas designed to enhance a student's learning experience and the overall quality of a student's education. 1396520 Public Services:Includes Community Outreach activities, Spiritual Formation Activities, and Sustainability where Lipscomb can positively impact communities and the environment. 12392 11072 Research:Includes potential discoveries of new outcomes with a goal of advancing progress both institutionally and globally. 9934812 11072 79288696 1 1 0 0 0 0 0 0 1 1 1 0 1 0 0 0 0 1 1 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 26 0 2230 1 0 0 0 0 0 0 0 0 0 32 31 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 TN X DANNY H TAYLOR SVPFINANCE 6159661000 ONE UNIVERSITY PARK DRIVE Nashville TN 37204 Randy Lowry 40.00 X X 237728 0 134888 Phillip Ellenburg 40.00 X X 98165 0 14700 Hilton Dean 1.00 X 0 0 0 JD Elliott 1.00 X 0 0 0 Neika B Stephens 1.00 X 0 0 0 James C Allen 1.00 X 0 0 0 Gary T Baker 1.00 X 0 0 0 J Addison Barry 1.00 X 0 0 0 Robert A Brackett 1.00 X 0 0 0 Alfred N Carman Jr 1.00 X 0 0 0 Lewis M Carter Jr 1.00 X 0 0 0 D Gerald Coggin Sr 1.00 X 0 0 0 Jerry Cover 1.00 X 0 0 0 Bryan A Crisman 1.00 X 0 0 0 Robbie B Davis 1.00 X 0 0 0 Stanley M Ezell 1.00 X 0 0 0 Pete T Gunn III 1.00 X 0 0 0 J Gregory Hardeman 1.00 X 0 0 0 Linda Heflin Johnston 1.00 X 0 0 0 Marty R Kittrell 1.00 X 0 0 0 Sandra W Perry 1.00 X 0 0 0 JW Pitts Jr 1.00 X 0 0 0 David W Ralston 1.00 X 0 0 0 David Scobey 1.00 X 0 0 0 Harriette H Shivers 1.00 X 0 0 0 Cicely Simpson 1.00 X 0 0 0 David L Solomon 1.00 X 0 0 0 H Carlton Stinson 1.00 X 0 0 0 Tim S Thomas 1.00 X 0 0 0 William Thomas 1.00 X 0 0 0 Robert E Wood 1.00 X 0 0 0 Mark H Yokley 1.00 X 0 0 0 ken shumard 1.00 X 0 0 0 nancy magnusson durham 40.00 X 0 0 0 Craig Bledsoe 40.00 X 150444 0 10586 Walt Leaver 40.00 X 89431 0 10371 Danny Taylor 40.00 X 147947 0 15189 PHILIP HUTCHESON 40.00 X 133862 0 8889 Joseph Ivey 40.00 X 137929 0 21517 Scott McDowell 40.00 X 87824 0 14072 Bennie Harris 40.00 X 139823 0 12118 Mike Hammond 40.00 X 105515 0 7485 deby samuels 40.00 X 35314 0 772 susan galbreath 40.00 X 103732 0 13029 jim thomas 40.00 X 94543 0 6596 john york 40.00 X 46959 0 45014 SCOTT H SANDERSON 40.00 X 237192 0 19690 Roger L Davis 40.00 X 213294 0 17702 Thomas M Campbell 40.00 X 172148 0 18021 CHARLES TURNEY STEVENS 40.00 X 147957 0 13798 wendell akers 40.00 X 138350 0 60 2518157 0 384497 13 0 1 0 Sodexo Inc and Affiliates One University Park Dr nashville TN 37204 Food Services 3271056 RCR BUILDING CORPORATION 632 MELROSE AVENUE Nashville TN 37211 Construction Services 1631481 Bacon Construction 1880 GENERAL GEORGE PATTON DR SUIT FRANKLIN TN 37067 Construction Services 860015 tour resources consultants 12440 W 62nd Terrace suite A shawnees mission KS 66216 travel consultant 266620 tuck hinton architects plc 410 elm street nashville TN 37203 ARCHITECTURAL Services 265115 13 359614 500732 6038303 264454 6898649 Tuition 611710 73960890 73960890 Auxiliary Revenue 611710 12765703 12765703 Miscellaneous Income 611710 2103186 2103186 Increase - Life Insura 524298 149404 149404 88979183 652766 652766 858519 428503 430016 430016 430016 75301920 77871907 205496 -2569987 -205496 -2775483 -2775483 126620 359614 12289 114331 114331 94299462 88979183 0 -1578370 83070 83070 15328583 15328583 1540465 1540465 35520097 31061865 3156742 1301490 1265267 1147791 65981 51495 3353534 2801522 429234 122778 2448341 2082477 281950 83914 87099 84851 2248 82732 82732 139757 139757 216966 216966 582053 364962 203638 13453 5365162 3426612 1728220 210330 12648 12648 80918 80918 4251931 3737455 404843 109633 323173 238959 75622 8592 4208824 4208824 5508083 4323936 1184147 3641587 2882254 652170 107163 Contract services 3288815 2731830 544530 12455 General expenses 2929779 2560420 369359 Utilities 2727800 2725239 2561 PPE Additions 1241629 746995 481596 13038 Special Events 931384 469712 407381 54291 3687088 2494096 1096319 96673 98846785 79288696 17218131 2339958 1367581 2945213 4642515 3532331 1450867 1483572 196891971 74209410 125404852 122682561 16162603 2402063 42560209 59737193 1963899 1729386 193552526 194512319 22466676 22770110 1019253 2417302 72160000 70150000 2517459 2106033 3700000 8443160 10467125 110306548 107910570 X 30370 6028341 50814746 46286679 32400862 34286729 83245978 86601749 193552526 194512319 X 0 1 1 X 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 51874685 2209722 2304501 4243501 169445 51975962 78746075 2406005 -22177746 6922131 177518 51874685 0.16220 0.65810 0.17970 0 0 10872054 156439917 63129945 104182026 27458237 11079465 16378772 2121763 2121763 122682561 Investments - Short Term/Mutual Funds 55045741 F Investments - Limited Partnership Interests 4567475 F Investments - Commodities 123977 F 59737193 Other liabilities 7557125 Current portion of tax exempt bonds payable 2910000 10467125 94299462 98846785 -4547323 7903098 -4 7903094 3355771 87241948 7903098 646289 8549387 78692561 216966 15389935 15606901 94299462 83886177 646291 646291 83239886 216966 15389933 15606899 98846785 Part V, Line 4: Description of Intended Use of Endowment Funds: The endowment funds are used to provide funds for professorships, chairs and scholarships for students and general support for operations. Part XI, Line 8 - Other Adjustments: rounding : -4. Part XII, Line 2d - Other Adjustments: Rental Expenses: 428503. Expense include in Expense on F/S and reclassed to Income for tax return: 12290. loss on sale of asset included in expense on f/s reclassed to income for t/r: 205496. Part XII, Line 4b - Other Adjustments: Expense include in Income on F/S and reclassed to Expense for tax return: 61350. financial aid netted with revenue on the F/S: 15328583. rounding: 2. Part XIII, Line 2d - Other Adjustments: Rental Expenses: 428503. Expense include in Expense on F/S and reclassed to Income for tax return: 12290. loss on sale of asset included in epense on f/s reclassed to income for t/r: 205496. rounding: 2. Part XIII, Line 4b - Other Adjustments: Expense include in Income on F/S and reclassed to Expense for tax return: 61350. financial aid netted with revenue on the F/S: 15328583. 1 1 1 Lipscomb University publishes its nondiscriminatory policy in brochures, student handbooks, catalogs, and on the website. 1 1 1 1 0 0 0 0 0 0 0 0 1 0 GOVERNMENT GRANTS TOTALED $500,732 FOR PERIOD ENDING MAY 31, 2010. 1 X X X X X X X 1 RUFFALO CODY PHONE SOLICITATION 0 177967 139757 38210 177967 139757 38210 AL AZ AK CA CO CT AK FL GA HI IL IN IA KS KY LA ME MD MA MI MN MS MO NH NJ NM NY NC ND OH OK OR PA RI SC SD TN UT VT VA WA WV WI CS ART EVENT 144215 55450 88765 12289 Don Meyer Event 227304 197729 29575 2 114715 106435 8280 486234 359614 126620 12289 12289 114331 1 Madagascar Health Education fund 605 bradley court franklin TN 37067 262385286 50000 fmv for assistance in securing students for the university best buddies 121 seaboard lane frnaklin TN 37067 10372 fmv donation from money collected for best buddies scholarships 3039 15328583 FMV X X 1 1 X X X 0 0 0 0 0 0 0 0 0 Randy Lowry 215294 0 0 0 22434 0 17150 0 117738 0 372616 0 0 0 Craig Bledsoe 130214 0 0 0 20230 0 10161 0 425 0 161030 0 0 0 Danny Taylor 128772 0 0 0 19175 0 10042 0 5147 0 163136 0 0 0 Joseph Ivey 122584 0 0 0 15345 0 9963 0 11554 0 159446 0 0 0 Bennie Harris 125763 0 0 0 14060 0 9291 0 2827 0 151941 0 0 0 SCOTT H SANDERSON 217725 0 0 0 19467 0 12984 0 6706 0 256882 0 0 0 Roger L Davis 192445 0 0 0 20849 0 13706 0 3996 0 230996 0 0 0 Thomas M Campbell 154555 0 0 0 17593 0 12433 0 5588 0 190169 0 0 0 CHARLES TURNEY STEVENS 137518 0 0 0 10439 0 5294 0 8504 0 161755 0 0 0 The health & educational facilities board of the metro gov of nashville 580466330 592041sh1 2009-08-12 74560000 refund series 2003, 2003B, 2006 and 2008 bonds 0 0 74560000 900000 1 0 1 1 0 0 0 0 0 0.00000 0.00000 0.00000 1 0 1 1 Suntrust Robinson Humphrey 20.000000000000 0 0 0 X 9 264454 FMV AT DATE OF SALE 0 0 0 Form 990, Part VI, Section B, line 11 Board delegates this responsibility to the Audit Committee of the Board. Form 990, Part VI, Section B, line 12c Related Party Confirmations are reviewed and followed up by the Senior Vice President for Finance and Administration, as well as the University's independent accounting firm, LBMC, on an annual basis. Form 990, Part VI, Section B, line 15 The board sets the President's salary annually based on his contract. His initial compensation was established based on a review of market data and the negotiation process. This same process occurs with other officers and key employees with the President conducting an annual evaluation. Salary pool increases are also a compenent of annual compensation based on approved budget funding. Form 990, Part VI, Section C, line 18 The University makes its Form 990 available to the public upon request. 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. Part XI, Financial Statements & Reporting Process has not changed from prior year.