2011-04-15T17:46:27-05:00 2010-05-31 DEMPSEY VANTREASE & FOLLIS PLLC 630 S CHURCH ST STE 300 MURFREESBORO TN 37130 990 2009-06-01 620599339 CUMBERLAND UNIVERSITY CUMB 6154442562 ONE CUMBERLAND SQUARE LEBANON TN 370873554 JUDY JORDAN 6155471249 2011-04-08 1 PAUL B VANTREASE JR CPA 6158936666 2011-04-08 X 2009 2016-02-24 21:20:13Z JUDY JORDAN ONE CUMBERLAND SQ LEBANON TN 37087 31546837 0 X www.cumberland.edu X 1842 TN PROVIDING PRIVATE CO-EDUCATIONAL POST-SECONDARY EDUCATION TO ALL RACES AND CREEDS OF THE GENERAL PUBLIC. 27 27 521 0 0 0 2699785 3559427 24341451 25009351 249208 -324423 139346 94015 27429790 28338370 11344031 11602097 0 7005469 8049248 44719 0 397523 7868562 7119681 26262781 26771026 1167009 1567344 30093054 32464940 6545180 6083878 23547874 26381062 TO PROVIDE PRIVATE CO-EDUCATIONAL POST-SECONDARY EDUCATION TO ALL RACES AND CREEDS OF THE GENERAL PUBLIC. 0 0 5690613 22284887 INSTRUCTION - PRIVATE UNIVERSITY PROVIDING EDUCATION FOR APPROXIMATELY 900 FULL-TIME AND 150 PART-TIME UNDERGRADUATE AND 315 GRADUATE STUDENTS THROUGH ITS FIVE UNDERGRADUATE DIVISIONS AND GRADUATE PROGRAMS. 4124435 2724464 STUDENT SERVICES - PROVIDE SERVICES TO THE APPROXIMATELY 1,365 STUDENTS ENROLLED IN UNDERGRADUATE AND GRADUATE PROGRAMS. 1639723 0 OTHER SERVICES - SERVICES OPERATED FOR THE CONVENIENCE OF ITS STUDENTS, FACULTY, AND STAFF. 11602097 2088764 0 GRANTS & ALLOCATIONS - PROVIDES ASSISTANCE THROUGH FUNDED AND UNFUNDED SCHOLARSHIPS AND AWARDS TO THE APPROX 1,330 STUDENTS AND THROUGH GOVT FUNDED STUDENT FINANCIAL AID PROGRAMS TO APPROX 778 STUDENTS QUALIFYING FOR GOVT ASSISTANCE. 11602097 2088764 23056868 1 1 0 0 0 0 1 0 1 1 1 0 1 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 0 1 0 0 1 0 0 0 0 0 0 0 0 1 79 0 521 1 0 0 0 0 0 1 1 0 0 0 27 27 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 0 1 0 0 X MS JUDY JORDAN 6154442562 ONE CUMBERLAND SQUARE LEBANON TN 370873554 ROBERT CARVER BONE MD 1.00 X 0 0 0 WP BONE III 2.00 X 0 0 0 MARTHA BRADSHAW 1.00 X 0 0 0 DR JIM CARROLL DLL HO 1.00 X 0 0 0 RANDALL CLEMONS 1.00 X 0 0 0 SANDRA MOSS DUNCAN 2.00 X 0 0 0 SAM HATCHER 1.00 X 0 0 0 WILLIAM D HEYDEL DLL 1.00 X 0 0 0 EDWARD A LABRY III 1.00 X 0 0 0 JIM K LANCASTER DLL H 1.00 X 0 0 0 BOB MCDONALD 2.00 X 0 0 0 FRAN MOSCARDELLI 1.00 X 0 0 0 MARK RIGGINS 1.00 X 0 0 0 ANNE B ROBERTS 1.00 X 0 0 0 JEANETTE C RUDY DLL H 1.00 X 0 0 0 DR EDWARD L THACKSTON P 8.00 X 0 0 0 ROBERT H TRAEGER 1.00 X 0 0 0 SANDRA G WELBORN 1.00 X 0 0 0 JOE ADAMS 4.00 X 0 0 0 JACQUELINE COWDEN 1.00 X 0 0 0 TRENT MCCRACKEN 1.00 X 0 0 0 VINCE CHERRY 1.00 X 0 0 0 FORREST SHOAF 1.00 X 0 0 0 BILL VALLETT 1.00 X 0 0 0 ROBERT N VERO 1.00 X 0 0 0 DAVID PAUL 1.00 X 0 0 0 LEWIS RANKIN 4.00 X 0 0 0 JOHN VAN MOL 1.00 X 0 0 0 DR HARVILL EATON PHD 40.00 X X 165516 0 0 EDDIE PAWLAWSKI 40.00 X 93052 0 0 WILBUR PETERSON PHD 40.00 X 68214 0 0 JOE GRAY 40.00 X 85508 0 0 GARVIN MAFFETT EDD 40.00 X 58437 0 0 JUDY JORDAN 40.00 X 62877 0 0 533604 0 0 1 0 1 0 SODEXHO FOOD SERVICE P O BOX 536922 ATLANTA GA 30353 FOOD SERVICE 826902 BLUE CROSS BLUE SHIELD PO BOX 180172 CHATTANOOGA TN 37401 INSURANCE 565514 MTEMC PO BOX 220 LEBANON TN 37088 UTILITIES 352563 PEARSON EDUCATION PO BOX 409479 ATLANTA GA 30384 BOOK VENDOR 247300 CENGAGE LEARNING PO BOX 95999 CHICAGO IL 60694 BOOK VENDOR 235823 5 2088764 1470663 3559427 TUITION & FEES 611310 22284887 22284887 BOARD CHARGES 611310 1221007 1221007 STUDENT HOUSING 611310 953531 953531 summer Camp, professio 611310 294741 294741 AUXILIARY ENTERPRISES 611310 255185 255185 25009351 211866 211866 2085191 2621480 -536289 -536289 -536289 26982 13038 13944 13944 654020 573949 80071 80071 28338370 24473062 0 305881 11602097 11602097 556515 191610 315025 49880 6345274 5272222 858341 214711 179078 141776 30443 6859 464012 367358 78882 17772 504369 399309 85743 19317 181963 181963 1196299 971336 223119 1844 297697 42097 255591 9 2698474 2021416 604921 72137 832283 241776 590507 593718 538035 48137 7546 8963 8963 45972 45972 923232 923232 100413 100413 MEMBERSHIPS/SUBSCRIPTIO 102562 55515 39988 7059 PUBLICATIONS 54744 54744 0 0 RECRUITING 43691 43691 0 0 MISCELLANEOUS 39670 35306 3975 389 26771026 23056868 3316635 397523 4163345 6313867 569308 569712 911186 735401 1805916 1207833 241768 276622 304855 367820 91273 187071 26437578 12363079 14174190 14074499 3553867 4657823 4042382 3863979 234964 210313 30093054 32464940 1128274 1631638 1932223 1357310 2683836 2427182 800847 667748 6545180 6083878 X 14515429 16565702 4108274 4838107 4924171 4977253 23547874 26381062 30093054 32464940 X 0 1 1 X 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X 0 7645949 37383 990062 101892 8571502 8806248 284247 -1122349 322197 7645949 0.06260 0.54850 0.38890 0 0 1056198 1056198 17472903 6552041 10920862 5762525 4727458 1035067 2145952 1083580 1062372 14074499 Certificate of deposits AND MONEY MARKET FUNDS 3843966 F ACCRUED INTEREST RECEIVABLE 20013 F 3863979 FEDERAL STUDENT LOAN FUNDS 323119 LIABILITIES UNDER ANNUITY AGREEMENTS 164446 CAPITAL LEASE OBLIGATIONS 180183 667748 28338370 26771026 1567344 1250145 15699 1265844 2833188 20823707 1250145 748526 1998671 18825036 9513334 9513334 28338370 17990519 732827 732827 17257692 9513334 9513334 26771026 Part III, Line 4: THE UNIVERSITY HOUSES A COLLECTION OF MOUNTED ANIMAL SPECIES FROM VARIOUS COUNTRIES IN ITS ADMINISTRATION BUILDING. THE COLLECTION IS VISITED FREQUENTLY BY CLASSES FROM DAY CARES, ELEMENTARY SCHOOLS, AND THE GENERAL PUBLIC. THE UNIVERSITY HOUSES A COLLECTION OF HISTORICAL RECORDS INCLUDING ORIGINAL MINUTES FROM ITS ORIGINATION IN THE LIBRARY ARCHIVES. THESE RECORDS ARE AVAILABLE TO THE PUBLIC BY APPOINTMENT FOR PERSONAL RESEARCH AND ARE PRESERVED FOR FUTURE GENERATIONS. Part XI, Line 8 - Other Adjustments: CHANGE IN VALUE OF SPLIT-INTEREST AGREEMENTS: 15699. PART XII; LINE 2D: COST OF GOODS SOLD $573,949, DONATED FACILITY USE $161,539, FUNDRAISING EXPENSE $59,608, PART XII; LINE 4B: SCHOLARSHIPS $9,513,333, ROUNDING $1 PART XIII; LINE 2D: COST OF GOODS SOLD $573,949, DONATED FACILITY USE $161,539, FUNDRAISING EXPENSE $59,608, CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS -$15,699 PART XIII; LINE 4B: SCHOLARSHIPS $9,513,333, ROUNDING $1 1 1 1 IN COMMERCIALS AND MEDIA COVERAGE OF THE UNIVERSITY, THE NONDISCRIMINATORY POLICY IS MENTIONED. 1 1 1 1 0 0 0 0 0 0 0 0 1 0 THE UNIVERSITY RECEIVES MONIES FROM U.S. DEPT OF EDUCATION AND TENNESSEE STUDENT ASSISTANCE CORPORATION IN THE FORM OF VARIOUS GRANTS. FEDERAL GRANTS INCLUDE PELL, SEOG, FEDERAL WORK STUDY. UNIVERSITY ALSO MAINTAINS ELIGIBILITY TO PARTICIPATE IN FEDERAL STAFFORD LOAN AND FEDERAL PERKINS LOAN PROGRAMS. STATE GRANTS RECEIVED IN FORM OF TSAC AND VOCATIONAL REHAB GRANTS. 1 X X X X X X X 0 TN PHOENIX BALL 26982 26982 59608 26982 26982 59608 59608 -32626 1 STUDENT SCHOLARSHIPS 11602097 Procedure for Monitoring Grants in the U.S.: Part I, Line 2: Schedule I, Part I, Line 2: STUDENTS ARE VERIFIED FOR ELIGIBILITY AND FUNDS ARE POSTED TO EACH STUDENT'S ACCOUNT. ACCOUNT IS REFUNED IF NOT USED IN SPECIFIED TIME OR IF STUDENT WITHDRAWS. X X 1 1 X X X X 0 0 0 0 0 0 0 0 0 DR HARVILL EATON PHD 165516 0 0 0 0 0 0 0 0 0 165516 0 0 0 Part I, Line 1a PRESIDENT HARVILLE EATON IS PROVIDED A RESIDENCE AS PROVIDED FOR BY HIS EMPLOYMENT CONTRACT. IT HAS A VALUE OF $1,050/MONTH. WP BONE WILSON COUNTY MOTORS 13062 PURCHASE ONE USED VEHICLE AND VARIOUS MAINTENANCE TO VEHICLES. 0 CUMBERLAND DIRECTORS BAIRD FOUNDATION 0 BRYANT CARROLL BRADSHAW BAIRD TRUST 0 JOHN VAN MOL DYE, VAN MOL AND LAWRENCE 11951 ADVERTISING AGENCY 0 X USE OF SPACE/RENT 1 161539 FAIR MARKET VALUE OF SQUARE FEET X JEWELRY FOR AUCTION/FUNDRAISER 1 7000 FAIR MARKET VALUE - RETAIL X CONSULTING WORK 1 11916 FAIR MARKET VALUE - BILLING RATES X LEGAL SERVICES 1 22576 FAIR MARKET VALUE - BILLING RATES X WATER HEATERS 1 41318 FAIR MARKET VALUE - RETAIL X USE OF RENTAL CAR 1 5500 FAIR MARKET VALUE - RENTAL RATES 0 1 1 Third Party Use: Part I, Line 32b: WACHOVIA IS HIRED TO SELL GIFTS OF SECURITIES Form 990, Part VI, Section A, line 2 BUSINESS RELATIONSHIP: THREE DIRECTORS OF CUMBERLAND UNIVERSITY ARE ALSO DIRECTORS OF CEDARSTONE BANK, ONE OF WHOM IS THE PRESIDENT OF THE BANK. THE MEMBERS ARE FRAN MOSCARDELLI, BOB MCDONALD, AND JACKIE DOWDEN. Form 990, Part VI, Section B, line 11 THE CHAIRMAN OF THE BOARD RECEIVES AN E-MAIL COPY OF THE COMPLETED 990 BEFORE FILING AND IS RESPONSIBLE FOR REVIEWING AND/OR DISTRIBUTING TO THE BOARD MEMBERS FOR REVIEW AND FOR APPROVAL BEFORE FILING. Form 990, Part VI, Section B, line 12c OFFICERS, DIRECTORS, AND TRUSTEES ARE REQUIRED TO SIGN AN ANNUAL CONFLICT OF INTERST DISCLOSURE STATEMENT. Form 990, Part VI, Section B, line 15a THE BOARD OF TRUST (ALL UNPAID) APPOINTS A COMMITTEE (EXCLUSIVE OF BOARD OFFICERS) TO EVALUATE THE PRESIDENT'S PERFORMANCE COMPARED TO ESTABLISHED GOALS. THE COMMITTEE USES AAUP SURVEYS FOR COMPARABLE SCHOOLS AND RECOMMENDS TO THE BOARD ANY CHANGES IN SALARY SUBJECT TO THE COMPLETE BOARD OF TRUST VOTE. MINUTES ARE KEPT OF COMMITTEE AND BOARD MEETINGS TO SUBSTANTIATE THE DECISION PROCESS. Form 990, Part VI, Section C, line 19 UPON REQUEST FORM 990, PART XI, LINE 2C 990 REVIEW PROCESS THE CHAIRMAN OF THE BOARD RECEIVES AN E-MAIL COPY OF THE COMPLETED FORM 990 BEFORE FILING AND IS RESPONSIBLE FOR REVIEWING AND/OR DISTRIBUTING TO THE BOARD MEMBERS FOR REVIEW AND FOR APPROVAL BEFORE FILING.