LIPSCOMB UNIVERSITY: Form 990, tax year 2023
View the entire original 990 at ProPublica ↗
- Organization
- LIPSCOMB UNIVERSITY (EIN 62-0485733)
- Tax period
- 2023-06-01 to 2024-05-31
- Filed
- 2025-03-20
- IRS object ID
- 202510799349301701
- Schema version
- 2023v6.0
- 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 C
- Schedule D
- Schedule E
- Schedule F
- Schedule G
- Schedule I
- Schedule J
- Schedule K
- Schedule L
- Schedule M
- Schedule O
- Schedule R
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2025-03-20T11:12:43-05:00 | ReturnTs |
| Tax Period End | 2024-05-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 621199757 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | LBMC PC | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 1869 | AddressLine1Txt |
| City | BRENTWOOD | CityNm |
| State Abbreviation | TN | StateAbbreviationCd |
| ZIP | 370241869 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2023-06-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 620485733 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | LIPSCOMB UNIVERSITY | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | LIPS | BusinessNameControlTxt |
| Phone | 6159661000 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | ONE UNIVERSITY PARK DRIVE | AddressLine1Txt |
| City | NASHVILLE | CityNm |
| State Abbreviation | TN | StateAbbreviationCd |
| ZIP | 372043951 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | JEFFREY BAUGHN | PersonNm |
| Person Title | SENIOR VP FOR FINANCE & TECHNOLOGY | PersonTitleTxt |
| Phone | 6159661000 | PhoneNum |
| Signature | 2025-03-19 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | 0 | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | ABIGAIL CAMPBELL | PreparerPersonNm |
| PTIN | P01296738 | PTIN |
| Phone | 6153774600 | PhoneNum |
| Preparation | 2025-03-18 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2023 | TaxYr |
| Build TS | 2025-03-06 01:10:19Z | BuildTS |
Form 990 IRS990
Doing Business As Name DoingBusinessAsName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | LIPSCOMB UNIVERSITY | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | JEFFREY BAUGHN | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | ONE UNIVERSITY PARK DR | AddressLine1Txt |
| City | NASHVILLE | CityNm |
| State Abbreviation | TN | StateAbbreviationCd |
| ZIP | 37204 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $288,442,731 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | WWW.LIPSCOMB.EDU | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1891 | FormationYr |
| Legal Domicile State | TN | LegalDomicileStateCd |
| Activity Or Mission | 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. LIPSCOMB ALSO SEEKS TO MAKE A POSITIVE DIFFERENCE IN THE COMMUNITY. | ActivityOrMissionDesc |
| Voting Members Governing Body | 26 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 23 | VotingMembersIndependentCnt |
| Total Employee | 2625 | TotalEmployeeCnt |
| Total Volunteers | 200 | TotalVolunteersCnt |
| Total Gross UBI | -$874,143 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $15,932,059 | PYContributionsGrantsAmt |
| CY Contributions Grants | $20,423,955 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $203,055,331 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $212,758,603 | CYProgramServiceRevenueAmt |
| PY Investment Income | $7,688,389 | PYInvestmentIncomeAmt |
| CY Investment Income | $7,931,940 | CYInvestmentIncomeAmt |
| PY Other Revenue | $1,532,176 | PYOtherRevenueAmt |
| CY Other Revenue | $1,427,914 | CYOtherRevenueAmt |
| PY Total Revenue | $228,207,955 | PYTotalRevenueAmt |
| CY Total Revenue | $242,542,412 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $57,703,729 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $63,340,664 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $90,848,047 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $93,041,814 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $3,280,314 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $87,024,183 | PYOtherExpensesAmt |
| CY Other Expenses | $87,306,061 | CYOtherExpensesAmt |
| PY Total Expenses | $235,575,959 | PYTotalExpensesAmt |
| CY Total Expenses | $243,688,539 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | -$7,368,004 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | -$1,146,127 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $455,099,629 | TotalAssetsBOYAmt |
| Total Assets EOY | $460,159,047 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $251,766,518 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $246,671,486 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $203,333,111 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $213,487,561 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | WE ARE A CHRIST-CENTERED COMMUNITY PREPARING LEARNERS FOR PURPOSEFUL LIVES THROUGH RIGOROUS ACADEMICS AND TRANSFORMATIVE EXPERIENCES. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Expense | $131,653,297 | ExpenseAmt |
| Grant | $63,340,664 | GrantAmt |
| Revenue | $189,436,697 | RevenueAmt |
| Desc | INSTRUCTIONAL EXPENSES:CLASSROOM AND ONLINE AND GLOBAL INSTRUCTION IN A COLLABORATIVE CHRISTIAN LIBERAL ARTS LEARNING ENVIRONMENT FROM PRE-KINDERGARTEN THROUGH THE DOCTORAL LEVEL AND BEYOND WITH LIFELONG LEARNING. | Desc |
Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $34,253,450 | ExpenseAmt |
| Desc | 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. | Desc |
Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $20,043,437 | ExpenseAmt |
| Revenue | $23,781,378 | RevenueAmt |
| Desc | AUXILIARY ENTERPRISES:PROVIDES STUDENTS WITH THE ENGAGING ON-CAMPUS LIPSCOMB EXPERIENCE. STUDENTS WHO LIVE ON CAMPUS TYPICALLY EXPERIENCE A STRONG SENSE OF POSITIVE COMMUNITY. | Desc |
Prog Srvc Accom Acty Other ProgSrvcAccomActyOtherGrp (3 entries)
| ExpenseExpenseAmt | DescDesc |
|---|---|
| $20,293,522 | 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. |
| $901,351 | PUBLIC SERVICES:INCLUDES COMMUNITY OUTREACH ACTIVITIES, SPIRITUAL FORMATION ACTIVITIES, AND SUSTAINABILITY WHERE LIPSCOMB CAN POSITIVELY IMPACT COMMUNITIES AND THE ENVIRONMENT. |
| RESEARCH:INCLUDES POTENTIAL DISCOVERIES OF NEW OUTCOMES WITH A GOAL OF ADVANCING PROGRESS BOTH INSTITUTIONALLY AND GLOBALLY. |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Prog Srvc Expense | $21,194,873 | TotalOtherProgSrvcExpenseAmt |
| Total Program Service Expenses | $207,145,057 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (1) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (1) | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Lobbying Activities | Yes (1) | LobbyingActivitiesInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | 0 | CollectionsOfArtInd |
| Credit Counseling | 0 | CreditCounselingInd |
| Donor Rstr Or Quasi Endowments | Yes (1) | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | Yes (1) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | Yes (1) | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | 0 | ReportProgramRelatedInvstInd |
| Report Other Assets | 0 | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (1) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (1) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | Yes (1) | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | 0 | ConsolidatedAuditFinclStmtInd |
| School Operating | Yes (1) | SchoolOperatingInd |
| Foreign Office | Yes (1) | ForeignOfficeInd |
| Foreign Activities | Yes (1) | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividualsInd |
| Professional Fundraising | 0 | ProfessionalFundraisingInd |
| Fundraising Activities | Yes (1) | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | Yes (1) | GrantsToOrganizationsInd |
| Grants To Individuals | Yes (1) | GrantsToIndividualsInd |
| Schedule J Required | Yes (1) | ScheduleJRequiredInd |
| Tax Exempt Bonds | Yes (1) | TaxExemptBondsInd |
| Invest Tax Exempt Bonds | 0 | InvestTaxExemptBondsInd |
| Escrow Account | 0 | EscrowAccountInd |
| On Behalf Of Issuer | 0 | OnBehalfOfIssuerInd |
| Engaged In Excess Benefit Trans | 0 | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | 0 | PYExcessBenefitTransInd |
| Loan Outstanding | 0 | LoanOutstandingInd |
| Grant To Related Person | 0 | GrantToRelatedPersonInd |
| Business Rln With Org Mem | Yes (1) | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | Yes (1) | BusinessRlnWithFamMemInd |
| Business Rln With35 Ctrl Ent | Yes (1) | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | Yes (1) | DeductibleNonCashContriInd |
| Deductible Art Contribution | Yes (1) | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | Yes (1) | DisregardedEntityInd |
| Related Entity | 0 | RelatedEntityInd |
| Related Organization Ctrl Ent | 0 | RelatedOrganizationCtrlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | 0 | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 7718 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (1) | BackupWthldComplianceInd |
| Employee | 2625 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (1) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | Yes (1) | UnrelatedBusIncmOverLimitInd |
| Form990 T Filed | Yes (1) | Form990TFiledInd |
| Foreign Financial Account | Yes (1) | ForeignFinancialAccountInd |
| Foreign Country | IT | ForeignCountryCd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | Yes (1) | QuidProQuoContributionsInd |
| Quid Pro Quo Contri Discl | Yes (1) | QuidProQuoContriDisclInd |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOfInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Form1098 C Filed | 0 | Form1098CFiledInd |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | 0 | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | 0 | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 26 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 23 | IndependentVotingMemberCnt |
| Family Or Business Rln | 0 | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | 0 | DelegationOfMgmtDutiesInd |
| Change To Org Documents | 0 | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | 0 | MembersOrStockholdersInd |
| Election Of Board Members | 0 | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | 0 | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (1) | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | 0 | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (1) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (1) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (1) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (1) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (1) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (1) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (1) | CompensationProcessOtherInd |
| Investment In Joint Venture | 0 | InvestmentInJointVentureInd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | JEFFREY BAUGHN SVP FOR FINANCE & TECHNOLOGY | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 6159667650 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | ONE UNIVERSITY PARK DRIVE | AddressLine1Txt |
| City | NASHVILLE | CityNm |
| State Abbreviation | TN | StateAbbreviationCd |
| ZIP | 37204 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (37 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Highest Compensated EmployeeHighestCompensatedEmployeeInd | Key EmployeeKeyEmployeeInd | Former Ofcr Director TrusteeFormerOfcrDirectorTrusteeInd |
|---|---|---|---|---|---|---|---|---|---|
| CANDICE MCQUEEN | |||||||||
| PRESIDENT | 40.00 | Yes (X) | Yes (X) | $569,195 | $0 | $23,793 | |||
| CHARLES ACUFF | |||||||||
| COACH | 40.00 | $362,278 | $0 | $37,102 | Yes (X) | ||||
| DAVID WILSON | |||||||||
| GENERAL COUNSEL | 40.00 | $352,151 | $0 | $36,241 | Yes (X) | ||||
| BRAD SCHULTZ | |||||||||
| HEAD OF SCHOOL | 40.00 | $317,871 | $0 | $38,225 | Yes (X) | ||||
| PHIL HUTCHESON | |||||||||
| DIRECTOR OF ATHLETICS | 40.00 | $262,350 | $0 | $39,919 | Yes (X) | ||||
| JENNIFER SHEWMAKER | |||||||||
| PROVOST | 40.00 | $266,208 | $0 | $28,584 | Yes (X) | ||||
| KEITH HINKLE | |||||||||
| SENIOR VICE PRESIDENT | 40.00 | $240,053 | $0 | $35,529 | Yes (X) | ||||
| THOMAS CAMPBELL | |||||||||
| DEAN, COLLEGE OF PHARMACY | 40.00 | $241,582 | $0 | $28,406 | Yes (X) | ||||
| MATT PADEN | |||||||||
| EXECUTIVE VICE PRESIDENT (FORMER) | 40.00 | $233,597 | $0 | $34,006 | Yes (X) | ||||
| JEFFREY BAUGHN | |||||||||
| SR V.P. OF FIN & TECH | 40.00 | Yes (X) | $205,394 | $0 | $28,554 | ||||
| LLOYD R LOWRY III | |||||||||
| PRESIDENT EMERITUS (FORMER) | 40.00 | $136,517 | $0 | $75,051 | Yes (X) | ||||
| RICHARD G COWART | |||||||||
| CHAIR | 1.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | |||
| GERALD COGGIN | |||||||||
| VICE CHAIR | 1.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | |||
| BENNIE HARRIS | |||||||||
| SECRETARY | 1.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | |||
| LISA PIERCEY | |||||||||
| TREASURER | 1.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | |||
| MICHAEL F ADAMS | |||||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||||
| BUDDY BELL | |||||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||||
| ERNIE CLEVENGER | |||||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||||
| MORGAN W DAVIS | |||||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||||
| MITCH EDGEWORTH | |||||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||||
| TONY GIARRATANA | |||||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||||
| BART HARPER | |||||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||||
| VAN HENLEY | |||||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||||
| SHANE HOOPER | |||||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||||
| RONNIE HUNTER | |||||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||||
| TOM INGRAM | |||||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||||
| MARTY KITTRELL | |||||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||||
| TERRY KOONCE | |||||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||||
| MARK LANIER | |||||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||||
| JOHN LITTLE | |||||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||||
| BILLY LONG | |||||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||||
| JEFF MCGRUDER | |||||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||||
| SUE NOKES | |||||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||||
| PHILIP M PFEFFER | |||||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||||
| VICKI SENSING SMITH | |||||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||||
| DAVID L SOLOMON | |||||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||||
| NEIKA B STEPHENS | |||||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $3,187,196 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $405,410 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 162 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | Yes (1) | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (1) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (5 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| SODEXO INC AND AFFILIATES | |||||
| PO BOX 360170 | PITTSBURGH | PA | 152516170 | FOOD SERVICE | $6,150,815 |
| SMART SOURCE OF GEORGIA | |||||
| PO BOX 106024 | ATLANTA | GA | 30348 | PRINTING SERVICES | $1,336,147 |
| FIRST ONSITE | |||||
| 3401 QUORUM DR SUITE 300 | FORT WORTH | TX | 76137 | CONSTRUCTION | $1,188,230 |
| ANTHOLOGY | |||||
| PO BOX 850001 DEPT 9908 | ORLANDO | FL | 32885 | SOFTWARE | $820,714 |
| ROBERT ROGERS FRESH START | |||||
| 5303 CLINCHPORT CIRCLE | MEMPHIS | TN | 38127 | FACILITY CLEANING | $768,561 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 80 | CntrctRcvdGreaterThan100KCnt |
| Fundraising | $138,641 | FundraisingAmt |
| Government Grants | $3,995,418 | GovernmentGrantsAmt |
| All Other Contributions | $16,289,896 | AllOtherContributionsAmt |
| Noncash Contributions | $2,731,158 | NoncashContributionsAmt |
| Total Contributions | $20,423,955 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp (3 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt | Unrelated Business RevenueUnrelatedBusinessRevenueAmt |
|---|---|---|---|---|
| TUITION AND FEES | 611710 | $181,560,027 | $181,560,027 | |
| AUXILIARY REVENUE | 611710 | $23,781,378 | $23,781,378 | |
| MISCELLANEOUS INCOME | 611710 | $7,417,198 | $7,876,670 | -$459,472 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $212,758,603 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $2,701,827 | TotalRevenueColumnAmt |
| Unrelated Business Revenue | $8,431 | UnrelatedBusinessRevenueAmt |
| Exclusion | $2,693,396 | ExclusionAmt |
Royalties Revenue RoyaltiesRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -$166 | TotalRevenueColumnAmt |
| Unrelated Business Revenue | -$166 | UnrelatedBusinessRevenueAmt |
Gross Rents GrossRentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $2,945,433 | RealAmt |
Less Rental Expenses LessRentalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $1,556,639 | RealAmt |
Rental Income Or Loss RentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $1,388,794 | RealAmt |
Net Rental Income Or Loss NetRentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $1,388,794 | TotalRevenueColumnAmt |
| Unrelated Business Revenue | -$449,715 | UnrelatedBusinessRevenueAmt |
| Exclusion | $1,838,509 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $40,965,815 | SecuritiesAmt |
| Other | $8,578,199 | OtherAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $39,238,333 | SecuritiesAmt |
| Other | $5,075,568 | OtherAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $1,727,482 | SecuritiesAmt |
| Other | $3,502,631 | OtherAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $5,230,113 | TotalRevenueColumnAmt |
| Unrelated Business Revenue | $26,779 | UnrelatedBusinessRevenueAmt |
| Exclusion | $5,203,334 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Fundraising Gross Income | $69,065 | FundraisingGrossIncomeAmt |
| Contri Rpt Fundraising Event | $138,641 | ContriRptFundraisingEventAmt |
| Fundraising Direct Expenses | $29,779 | FundraisingDirectExpensesAmt |
Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $39,286 | TotalRevenueColumnAmt |
| Exclusion | $39,286 | ExclusionAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $242,542,412 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $213,218,075 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | -$874,143 | UnrelatedBusinessRevenueAmt |
| Exclusion | $9,774,525 | ExclusionAmt |
Grants To Domestic Orgs GrantsToDomesticOrgsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $40,572 | TotalAmt |
| Program Services | $40,572 | ProgramServicesAmt |
Grants To Domestic Individuals GrantsToDomesticIndividualsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $63,300,092 | TotalAmt |
| Program Services | $63,300,092 | ProgramServicesAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,486,513 | TotalAmt |
| Management And General | $1,486,513 | ManagementAndGeneralAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $76,664,020 | TotalAmt |
| Program Services | $65,230,113 | ProgramServicesAmt |
| Management And General | $9,448,919 | ManagementAndGeneralAmt |
| Fundraising | $1,984,988 | FundraisingAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,174,179 | TotalAmt |
| Program Services | $1,799,632 | ProgramServicesAmt |
| Management And General | $311,362 | ManagementAndGeneralAmt |
| Fundraising | $63,185 | FundraisingAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $7,251,826 | TotalAmt |
| Program Services | $6,590,776 | ProgramServicesAmt |
| Management And General | $453,221 | ManagementAndGeneralAmt |
| Fundraising | $207,829 | FundraisingAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $5,465,276 | TotalAmt |
| Program Services | $4,577,786 | ProgramServicesAmt |
| Management And General | $751,346 | ManagementAndGeneralAmt |
| Fundraising | $136,144 | FundraisingAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $92,161 | TotalAmt |
| Program Services | $30,427 | ProgramServicesAmt |
| Management And General | $61,734 | ManagementAndGeneralAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $163,420 | TotalAmt |
| Management And General | $163,420 | ManagementAndGeneralAmt |
Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $411,099 | TotalAmt |
| Management And General | $411,099 | ManagementAndGeneralAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,554,058 | TotalAmt |
| Program Services | $2,192,910 | ProgramServicesAmt |
| Management And General | $362,833 | ManagementAndGeneralAmt |
| Fundraising | -$1,685 | FundraisingAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,946,607 | TotalAmt |
| Program Services | $624,711 | ProgramServicesAmt |
| Management And General | $1,315,762 | ManagementAndGeneralAmt |
| Fundraising | $6,134 | FundraisingAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $10,341,390 | TotalAmt |
| Program Services | $7,540,702 | ProgramServicesAmt |
| Management And General | $2,497,151 | ManagementAndGeneralAmt |
| Fundraising | $303,537 | FundraisingAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,275,097 | TotalAmt |
| Program Services | $1,749,887 | ProgramServicesAmt |
| Management And General | $1,477,127 | ManagementAndGeneralAmt |
| Fundraising | $48,083 | FundraisingAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,995,197 | TotalAmt |
| Program Services | $2,512,012 | ProgramServicesAmt |
| Management And General | $483,185 | ManagementAndGeneralAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $6,943,417 | TotalAmt |
| Program Services | $6,377,362 | ProgramServicesAmt |
| Management And General | $451,976 | ManagementAndGeneralAmt |
| Fundraising | $114,079 | FundraisingAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $580,392 | TotalAmt |
| Program Services | $527,219 | ProgramServicesAmt |
| Management And General | $42,558 | ManagementAndGeneralAmt |
| Fundraising | $10,615 | FundraisingAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $9,550,264 | TotalAmt |
| Program Services | $7,683,990 | ProgramServicesAmt |
| Management And General | $1,866,274 | ManagementAndGeneralAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $13,745,478 | TotalAmt |
| Program Services | $10,357,926 | ProgramServicesAmt |
| Management And General | $3,387,552 | ManagementAndGeneralAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $10,937,283 | TotalAmt |
| Program Services | $6,823,807 | ProgramServicesAmt |
| Management And General | $3,891,674 | ManagementAndGeneralAmt |
| Fundraising | $221,802 | FundraisingAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | Management And GeneralManagementAndGeneralAmt | Program ServicesProgramServicesAmt | FundraisingFundraisingAmt |
|---|---|---|---|---|
| UBTI TAX | $4,308 | $4,308 | ||
| PLANT OPERATIONS | $10,555,444 | $2,802,519 | $7,752,925 | |
| FOOD SERVICE | $5,707,048 | $5,707,048 | ||
| SPECIAL PROJECTS | $2,661,282 | $634,781 | $1,890,750 | $135,751 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,842,116 | TotalAmt |
| Program Services | $3,834,410 | ProgramServicesAmt |
| Management And General | $957,854 | ManagementAndGeneralAmt |
| Fundraising | $49,852 | FundraisingAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $243,688,539 | TotalAmt |
| Program Services | $207,145,057 | ProgramServicesAmt |
| Management And General | $33,263,168 | ManagementAndGeneralAmt |
| Fundraising | $3,280,314 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,581,395 | BOYAmt |
| EOY | $4,175,272 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $118,449 | EOYAmt |
Pledges And Grants Receivable PledgesAndGrantsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $22,038,060 | BOYAmt |
| EOY | $18,051,206 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $11,245,963 | BOYAmt |
| EOY | $11,062,932 | EOYAmt |
Inventories For Sale Or Use InventoriesForSaleOrUseGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,943,437 | BOYAmt |
| EOY | $48,873 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,907,117 | BOYAmt |
| EOY | $1,572,185 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $452,139,896 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $164,548,098 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $289,405,521 | BOYAmt |
| EOY | $287,591,798 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $443,983 | BOYAmt |
| EOY | $442,480 | EOYAmt |
Investments Other Securities InvestmentsOtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $106,544,180 | BOYAmt |
| EOY | $123,846,053 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $17,989,973 | BOYAmt |
| EOY | $13,249,799 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $455,099,629 | BOYAmt |
| EOY | $460,159,047 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $17,621,430 | BOYAmt |
| EOY | $17,545,491 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $10,954,388 | BOYAmt |
| EOY | $12,588,761 | EOYAmt |
Tax Exempt Bond Liabilities TaxExemptBondLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $200,875,428 | BOYAmt |
| EOY | $198,914,480 | EOYAmt |
Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,828,843 | BOYAmt |
| EOY | $1,792,262 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $20,486,429 | BOYAmt |
| EOY | $15,830,492 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $251,766,518 | BOYAmt |
| EOY | $246,671,486 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $86,602,020 | BOYAmt |
| EOY | $83,999,581 | EOYAmt |
Donor Restriction Net Assets DonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $116,731,091 | BOYAmt |
| EOY | $129,487,980 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $203,333,111 | BOYAmt |
| EOY | $213,487,561 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $455,099,629 | BOYAmt |
| EOY | $460,159,047 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | -$1,146,127 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | $12,039,218 | NetUnrlzdGainsLossesInvstAmt |
| Other Changes In Net Assets | -$738,641 | OtherChangesInNetAssetsAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | Yes (1) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Separate Basis Fincl Stmt | Yes (X) | SeparateBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (1) | AuditCommitteeInd |
| Federal Grant Audit Required | Yes (1) | FederalGrantAuditRequiredInd |
| Federal Grant Audit Performed | Yes (1) | FederalGrantAuditPerformedInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| School | Yes (X) | SchoolInd |
Schedule B IRS990ScheduleB
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | RESTRICTED | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor US Address ContributorUSAddress
| 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) |
|---|---|---|
| Total Contributions | RESTRICTED | TotalContributionsAmt |
Schedule C IRS990ScheduleC
| Field | Value | IRS element (for citing) |
|---|---|---|
| Volunteers | 0 | VolunteersInd |
| Paid Staff Or Management | Yes (1) | PaidStaffOrManagementInd |
| Media Advertisements | 0 | MediaAdvertisementsInd |
| Mailings Members | 0 | MailingsMembersInd |
| Publications Or Broadcast | 0 | PublicationsOrBroadcastInd |
| Grants Other Organizations | 0 | GrantsOtherOrganizationsInd |
| Direct Contact Legislators | Yes (1) | DirectContactLegislatorsInd |
| Direct Contact Legislators | $52,079 | DirectContactLegislatorsAmt |
| Rallies Demonstrations | 0 | RalliesDemonstrationsInd |
| Other Activities | 0 | OtherActivitiesInd |
| Total Lobbying Expenditures | $52,079 | TotalLobbyingExpendituresAmt |
| Not Described Section501c3 | 0 | NotDescribedSection501c3Ind |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | SCHEDULE C, PART II-B | FormAndLineReferenceDesc |
| Explanation | LIPSCOMB UNIVERSITY EMPLOYS ONE INDIVIDUAL WHOSE POSITION INCLUDES MEETING AND CORRESPONDING WITH THE STATE REPRESENTATIVES TO ADVOCATE FOR INCREASED FUNDING FOR THE ORGANIZATION IN THE STATE BUDGET. THE EMPLOYEE ALSO MEETS AND CORRESPONDS WITH LOCAL GOVERNMENT OFFICIALS TO INFLUENCE AGENDAS THAT ARE IMPORTANT TO THE UNIVERSITY. | ExplanationTxt |
Schedule D IRS990ScheduleD
| Field | Value | IRS element (for citing) |
|---|---|---|
| Collection Used Pub Exhibition | Yes (X) | CollectionUsedPubExhibitionInd |
| Coll Used Scholarly Rsrch | Yes (X) | CollUsedScholarlyRsrchInd |
| Collection Used Preservation | Yes (X) | CollectionUsedPreservationInd |
| Solicited Assets Sale | 0 | SolicitedAssetsSaleInd |
CY Endwmt Fund CYEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $100,562,331 | BeginningYearBalanceAmt |
| Contributions | $5,652,513 | ContributionsAmt |
| Investment Earnings Or Losses | $13,899,179 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $2,849,049 | GrantsOrScholarshipsAmt |
| End Year Balance | $117,264,974 | EndYearBalanceAmt |
CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $102,543,918 | BeginningYearBalanceAmt |
| Contributions | $1,875,695 | ContributionsAmt |
| Investment Earnings Or Losses | $343,992 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $2,725,825 | GrantsOrScholarshipsAmt |
| Other Expenditures | $1,475,449 | OtherExpendituresAmt |
| End Year Balance | $100,562,331 | EndYearBalanceAmt |
CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $104,008,185 | BeginningYearBalanceAmt |
| Contributions | $3,071,481 | ContributionsAmt |
| Investment Earnings Or Losses | -$1,154,016 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $2,581,732 | GrantsOrScholarshipsAmt |
| Other Expenditures | $800,000 | OtherExpendituresAmt |
| End Year Balance | $102,543,918 | EndYearBalanceAmt |
CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $79,700,345 | BeginningYearBalanceAmt |
| Contributions | $4,637,787 | ContributionsAmt |
| Investment Earnings Or Losses | $23,242,094 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $2,721,480 | GrantsOrScholarshipsAmt |
| Other Expenditures | $850,561 | OtherExpendituresAmt |
| End Year Balance | $104,008,185 | EndYearBalanceAmt |
CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $82,027,830 | BeginningYearBalanceAmt |
| Contributions | $1,116,854 | ContributionsAmt |
| Investment Earnings Or Losses | $1,794,871 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $2,966,158 | GrantsOrScholarshipsAmt |
| Other Expenditures | $2,273,052 | OtherExpendituresAmt |
| End Year Balance | $79,700,345 | EndYearBalanceAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated Balance EOY | 0.19063 | BoardDesignatedBalanceEOYPct |
| Prmnnt Endowment Balance EOY | 0.80937 | PrmnntEndowmentBalanceEOYPct |
| Endowments Held Unrelated Org | 0 | EndowmentsHeldUnrelatedOrgInd |
| Endowments Held Related Org | 0 | EndowmentsHeldRelatedOrgInd |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | $31,374,549 | InvestmentCostOrOtherBasisAmt |
| Other Cost Or Other Basis | $368,148,244 | OtherCostOrOtherBasisAmt |
| Depreciation | $144,699,594 | DepreciationAmt |
| Book Value | $254,823,199 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $49,599,966 | OtherCostOrOtherBasisAmt |
| Depreciation | $19,496,901 | DepreciationAmt |
| Book Value | $30,103,065 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $3,017,137 | OtherCostOrOtherBasisAmt |
| Depreciation | $351,603 | DepreciationAmt |
| Book Value | $2,665,534 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $287,591,798 | TotalBookValueLandBuildingsAmt |
Other Securities OtherSecuritiesGrp (3 entries)
| DescDesc | Book ValueBookValueAmt | Method ValuationMethodValuationCd |
|---|---|---|
| INVESTMENTS - SHORT TERM/MUTUAL FUNDS | $77,919,779 | F |
| INVESTMENTS - LIMITED PARTNERSHIP INTERESTS | $31,659,292 | F |
| INVESTMENTS - COMMON TRUST FUNDS | $14,266,982 | F |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Securities | $123,846,053 | TotalBookValueSecuritiesAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (3 entries)
| DescDesc | AmtAmt |
|---|---|
| ACCRUED POSTRETIREMENT BENEFIT OBLIGATION | $5,294,270 |
| OPERATING LEASE LIABILITIES | $1,709,343 |
| FINANCE LEASE LIABILITIES | $8,826,879 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $15,830,492 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $190,652,834 | TotalRevEtcAuditedFinclStmtAmt |
| Net Unrealized Gains Invst | $12,039,218 | NetUnrealizedGainsInvstAmt |
| Other Revenue | $670,770 | OtherRevenueAmt |
| Revenue Not Reported | $12,709,988 | RevenueNotReportedAmt |
| Revenue Subtotal | $177,942,846 | RevenueSubtotalAmt |
| Investment Expenses Not Incld | $411,099 | InvestmentExpensesNotIncldAmt |
| Other Revenues Not Included | $64,188,467 | OtherRevenuesNotIncludedAmt |
| Revenue Not Reported Fincl Stmt | $64,599,566 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $242,542,412 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $180,498,384 | TotExpnsEtcAuditedFinclStmtAmt |
| Other Expenses Included | $1,140,698 | OtherExpensesIncludedAmt |
| Expenses Not Reported | $1,140,698 | ExpensesNotReportedAmt |
| Expenses Subtotal | $179,357,686 | ExpensesSubtotalAmt |
| Investment Expenses Not Incld2 | $411,099 | InvestmentExpensesNotIncld2Amt |
| Other Expenses Not Included | $63,919,754 | OtherExpensesNotIncludedAmt |
| Expenses Not Rpt Fincl Stmt | $64,330,853 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $243,688,539 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail (6 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART V, LINE 4: | THE ENDOWMENT FUNDS ARE USED TO PROVIDE FUNDS FOR PROFESSORSHIPS, CHAIRS AND SCHOLARSHIPS FOR STUDENTS AND GENERAL SUPPORT FOR OPERATIONS. |
| PART X, LINE 2: | THE UNIVERSITY IS EXEMPT FROM FEDERAL INCOME TAXES UNDER THE PROVISIONS OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED, AND, ACCORDINGLY, NO PROVISION FOR INCOME TAXES IS INCLUDED IN THE CONSOLIDATED FINANCIAL STATEMENTS. THE UNIVERSITY RECOGNIZES THE TAX BENEFIT ASSOCIATED WITH A TAX POSITION TAKEN FOR TAX RETURN PURPOSES WHEN IT IS MORE LIKELY THAN NOT THE POSITION WILL BE SUSTAINED. THE UNIVERSITY DOES NOT BELIEVE THERE ARE ANY MATERIAL UNCERTAIN TAX POSITIONS THAT QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE CONSOLIDATED FINANCIAL STATEMENTS. IT IS THE UNIVERSITY'S POLICY TO RECOGNIZE INTEREST AND/OR PENALTIES RELATED TO INCOME TAX MATTERS IN INCOME TAX EXPENSE. AS OF MAY 31, 2024 AND 2023, THE UNIVERSITY HAD ACCRUED NO INTEREST OR PENALTIES RELATED TO UNCERTAIN TAX POSITIONS. THE UNIVERSITY IS GENERALLY SUBJECT TO U.S. FEDERAL AND TENNESSEE TAX EXAMINATION FOR THREE YEARS FROM THE DATE THE RETURN WAS FILED. |
| PART XI, LINE 2D - OTHER ADJUSTMENTS: | UNREALIZED CHANGE IN CASH VALUE LIFE INSURANCE 5,849. ADJUSTMENT OF ACTUARIAL LIABILITY FOR ANNUITIES PAYABLE -207,492. RENTAL EXPENSES 1,106,924. CHANGE IN POST RETIREMENT BENEFIT OBLIGATION -264,290. FUNDRAISING EXPENSES 29,779. |
| PART XI, LINE 4B - OTHER ADJUSTMENTS: | FINANCIAL AID 63,300,336. CHANGE IN DEFINED BENEFIT RETIREMENT PLAN OBLIGATION -593,196. ADJUSTMENT OF RETIRMENT PLAN MINIMUM CONTRIBUTION 510,300. ADJUSTMENT OF RETIREMENT PLAN CONTRIBUTION EXPENSE 340,656. INVESTMENT INCOME 236,622. EXPENSES NETTED WITH MISCELLANEOUS REVENUE 10,953. GAIN ON FIXED ASSET DISPOSAL 382,796. |
| PART XII, LINE 2D - OTHER ADJUSTMENTS: | RENTAL EXPENSES 1,106,924. PROGRAM EXPENSES 3,995. FUNDRAISING EXPENSES 29,779. |
| PART XII, LINE 4B - OTHER ADJUSTMENTS: | FINANCIAL AID NETTED WITH REVENUE ON FINANCIAL STATEMENTS 63,300,336. INVESTMENT INCOME INCLUDED IN EXPENSES ON FINANCIAL STATEMENTS 236,622. GAIN ON FIXED ASSET DISPOSAL 382,796. |
Schedule E IRS990ScheduleE
| Field | Value | IRS element (for citing) |
|---|---|---|
| Nondiscriminatory Policy Stmt | Yes (1) | NondiscriminatoryPolicyStmtInd |
| Policy Stmt In Brochures Etc | Yes (1) | PolicyStmtInBrochuresEtcInd |
| Plcy Pblczd Via Broadcast Media | Yes (1) | PlcyPblczdViaBroadcastMediaInd |
| Maintain Racial Comp Recs | Yes (1) | MaintainRacialCompRecsInd |
| Maintain Scholarships Recs | Yes (1) | MaintainScholarshipsRecsInd |
| Maintain Cpy Of Brochures Etc | Yes (1) | MaintainCpyOfBrochuresEtcInd |
| Maintain Cpy Of All Sol | Yes (1) | MaintainCpyOfAllSolInd |
| Discriminate Race Stdnts Rghts | 0 | DiscriminateRaceStdntsRghtsInd |
| Discriminate Race Admiss Plcy | 0 | DiscriminateRaceAdmissPlcyInd |
| Discriminate Race Emplm Fculty | 0 | DiscriminateRaceEmplmFcultyInd |
| Discriminate Race Schs | 0 | DiscriminateRaceSchsInd |
| Discriminate Race Educ Plcy | 0 | DiscriminateRaceEducPlcyInd |
| Discriminate Race Use Of Fclts | 0 | DiscriminateRaceUseOfFcltsInd |
| Discriminate Race Athlt Prog | 0 | DiscriminateRaceAthltProgInd |
| Discriminate Race Other Acty | 0 | DiscriminateRaceOtherActyInd |
| Government Financial Aid Rcvd | Yes (1) | GovernmentFinancialAidRcvdInd |
| Government Financial Aid Rvkd | 0 | GovernmentFinancialAidRvkdInd |
| Compliance With Rev Proc7550 | Yes (1) | ComplianceWithRevProc7550Ind |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| SCHEDULE E, PART I, LINE 3 | LIPSCOMB UNIVERSITY PUBLISHES ITS NOTICE OF NONDISCRIMINATORY POLICY" IN BROCHURES, STUDENT HANDBOOKS, CATALOGS, ON THEIR WEBSITE AS WELL AS THEIR JOB POSTING ADS. |
| SCHEDULE E, PART I, LINE 6 | GOVERNMENT GRANTS TOTALED $3,995,418 FOR PERIOD ENDING MAY 31, 2024. |
Schedule F IRS990ScheduleF
Account Activities Outside US AccountActivitiesOutsideUSGrp (5 entries)
| RegionRegionTxt | OfficesOfficesCnt | EmployeeEmployeeCnt | Type Of Activities ConductedTypeOfActivitiesConductedTxt | Specific Services ProvidedSpecificServicesProvidedTxt | Region Total ExpendituresRegionTotalExpendituresAmt |
|---|---|---|---|---|---|
| EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM | 3 | 7 | PROGRAM SERVICES | GLOBAL INSTRUCTION | $976,410 |
| CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, | 1 | 3 | PROGRAM SERVICES | GLOBAL INSTRUCTION | $76,955 |
| EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM | 0 | 1 | PROGRAM SERVICES | ARCHEOLOGICAL DIG | $37,914 |
| MIDDLE EAST AND NORTH AFRICA | 0 | 6 | PROGRAM SERVICES | ARCHEOLOGICAL DIG | $169,997 |
| RUSSIA AND NEIGHBORING STATES | 0 | 0 | PROGRAM SERVICES | ARCHEOLOGICAL DIG | $2,182 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Subtotal Offices | 4 | SubtotalOfficesCnt |
| Subtotal Employees | 17 | SubtotalEmployeesCnt |
| Continuation Total Office | 0 | ContinuationTotalOfficeCnt |
| Continuation Total Employee | 0 | ContinuationTotalEmployeeCnt |
| Total Office | 4 | TotalOfficeCnt |
| Total Employee | 17 | TotalEmployeeCnt |
| Subtotal Spent | $1,263,458 | SubtotalSpentAmt |
| Continuation Spent | $0 | ContinuationSpentAmt |
| Total Spent | $1,263,458 | TotalSpentAmt |
| Transfer To Foreign Corp | 0 | TransferToForeignCorpInd |
| Interest In Foreign Trust | 0 | InterestInForeignTrustInd |
| Foreign Corp Ownership | 0 | ForeignCorpOwnershipInd |
| Passive Foreign Investmest Co | 0 | PassiveForeignInvestmestCoInd |
| Foreign Partnership | 0 | ForeignPartnershipInd |
| Boycott Countries | 0 | BoycottCountriesInd |
Schedule G IRS990ScheduleG
Fundraising Event Information FundraisingEventInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Event1 | DENIM & DIAMONDS | Event1Nm |
| Gross Receipts Event1 | $82,222 | GrossReceiptsEvent1Amt |
| Charitable Contri Event1 | $57,261 | CharitableContriEvent1Amt |
| Gross Revenue Event1 | $24,961 | GrossRevenueEvent1Amt |
| Other Direct Expenses Event1 | $0 | OtherDirectExpensesEvent1Amt |
| Event2 | ORNAMENT SWAP | Event2Nm |
| Gross Receipts Event2 | $29,492 | GrossReceiptsEvent2Amt |
| Charitable Contri Event2 | $18,902 | CharitableContriEvent2Amt |
| Gross Revenue Event2 | $10,590 | GrossRevenueEvent2Amt |
| Other Events Total | 3 | OtherEventsTotalCnt |
| Gross Receipts Other Events | $95,992 | GrossReceiptsOtherEventsAmt |
| Charitable Contri Other Events | $62,478 | CharitableContriOtherEventsAmt |
| Gross Revenue Other Events | $33,514 | GrossRevenueOtherEventsAmt |
| Oth Direct Expnss Other Events | $29,779 | OthDirectExpnssOtherEventsAmt |
| Gross Receipts Total | $207,706 | GrossReceiptsTotalAmt |
| Charitable Contributions Tot | $138,641 | CharitableContributionsTotAmt |
| Gross Revenue Total Events | $69,065 | GrossRevenueTotalEventsAmt |
| Oth Direct Expnss Total Events | $29,779 | OthDirectExpnssTotalEventsAmt |
| Direct Expense Summary Events | $29,779 | DirectExpenseSummaryEventsAmt |
| Net Income Summary | $39,286 | NetIncomeSummaryAmt |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (1) | GrantRecordsMaintainedInd |
Recipient Table RecipientTable
Recipient Business Name RecipientBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | THE COMMUNITY FOUNDATION | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 3421 BELMONT BLVD | AddressLine1Txt |
| City | NASHVILLE | CityNm |
| State Abbreviation | TN | StateAbbreviationCd |
| ZIP | 37215 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient EIN | 621471789 | RecipientEIN |
| IRC Section | 501(C)3 | IRCSectionDesc |
| Cash Grant | $10,000 | CashGrantAmt |
| Non Cash Assistance | $0 | NonCashAssistanceAmt |
| Purpose Of Grant | NASHVILLE VISIONING PROJECT FUND | PurposeOfGrantTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total501c3 Org | 1 | Total501c3OrgCnt |
| Total Other Org | 0 | TotalOtherOrgCnt |
Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Type | NOT REALIZED TUITION REVENUE | GrantTypeTxt |
| Recipient | 6904 | RecipientCnt |
| Non Cash Assistance | $63,300,092 | NonCashAssistanceAmt |
| Valuation Method Used | FMV | ValuationMethodUsedDesc |
| Non Cash Assistance | SEE PART IV | NonCashAssistanceDesc |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART I, LINE 2: | LIPSCOMB UNIVERSITY HAS AN ANNUAL AUDIT OF ITS FINANCIAL STATEMENTS AND AN ANNUAL AUDIT OF ITS FINANCIAL AID AWARDING PROCESS. IN ADDITION, FINANCIAL AID COUNSELORS ATTEND CONFERENCES AND TRAINING SESSIONS ON FINANCIAL AID AWARDING POLICIES, PROCEDURES, AND CONTROLS. |
| PART III: | TUITION IS NOT REDUCED WHEN STUDENTS RECEIVE SCHOLARSHIPS, AS ALL LIKE STUDENTS ARE CHARGED THE SAME TUITION RATE. SCHOLARSHIPS AT LIPSCOMB ARE EITHER FUNDED OR UNFUNDED AWARDS GIVEN TO STUDENTS BASED ON MERIT OR NEED. |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Travel For Companions | Yes (X) | TravelForCompanionsInd |
| Payments For Use Of Residence | Yes (X) | PaymentsForUseOfResidenceInd |
| Club Dues Or Fees | Yes (X) | ClubDuesOrFeesInd |
| Written Policy Ref T And E Expnss | Yes (1) | WrittenPolicyRefTAndEExpnssInd |
| Substantiation Required | Yes (1) | SubstantiationRequiredInd |
| Compensation Committee | Yes (X) | CompensationCommitteeInd |
| Form990 Of Other Organizations | Yes (X) | Form990OfOtherOrganizationsInd |
| Written Employment Contract | Yes (X) | WrittenEmploymentContractInd |
| Compensation Survey | Yes (X) | CompensationSurveyInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | 0 | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | 0 | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | 0 | EquityBasedCompArrngmInd |
| Comp Based On Revenue Of Flng Org | 0 | CompBasedOnRevenueOfFlngOrgInd |
| Comp Bsd On Rev Related Orgs | 0 | CompBsdOnRevRelatedOrgsInd |
| Comp Bsd Net Earns Flng Org | 0 | CompBsdNetEarnsFlngOrgInd |
| Comp Bsd Net Earns Rltd Orgs | 0 | CompBsdNetEarnsRltdOrgsInd |
| Any Non Fixed Payments | 0 | AnyNonFixedPaymentsInd |
| Initial Contract Exception | 0 | InitialContractExceptionInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (11 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount | Bonus Related OrganizationsBonusRelatedOrganizationsAmt | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt | Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt | Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| CANDICE MCQUEEN | ||||||||||||||
| PRESIDENT | $415,095 | $0 | $112,000 | $0 | $42,100 | $0 | $15,250 | $0 | $8,543 | $0 | $592,988 | $0 | $0 | $0 |
| CHARLES ACUFF | ||||||||||||||
| COACH | $339,253 | $0 | $0 | $0 | $23,025 | $0 | $16,689 | $0 | $20,413 | $0 | $399,380 | $0 | $0 | $0 |
| DAVID WILSON | ||||||||||||||
| GENERAL COUNSEL | $330,288 | $0 | $0 | $0 | $21,863 | $0 | $10,028 | $0 | $26,213 | $0 | $388,392 | $0 | $0 | $0 |
| BRAD SCHULTZ | ||||||||||||||
| HEAD OF SCHOOL | $297,863 | $0 | $0 | $0 | $20,008 | $0 | $14,583 | $0 | $23,642 | $0 | $356,096 | $0 | $0 | $0 |
| PHIL HUTCHESON | ||||||||||||||
| DIRECTOR OF ATHLETICS | $234,976 | $0 | $0 | $0 | $27,374 | $0 | $12,679 | $0 | $27,240 | $0 | $302,269 | $0 | $0 | $0 |
| JENNIFER SHEWMAKER | ||||||||||||||
| PROVOST | $248,533 | $0 | $0 | $0 | $17,675 | $0 | $8,667 | $0 | $19,917 | $0 | $294,792 | $0 | $0 | $0 |
| KEITH HINKLE | ||||||||||||||
| SENIOR VICE PRESIDENT | $210,053 | $0 | $0 | $0 | $30,000 | $0 | $8,349 | $0 | $27,180 | $0 | $275,582 | $0 | $0 | $0 |
| THOMAS CAMPBELL | ||||||||||||||
| DEAN, COLLEGE OF PHARMACY | $224,388 | $0 | $0 | $0 | $17,194 | $0 | $12,594 | $0 | $15,812 | $0 | $269,988 | $0 | $0 | $0 |
| MATT PADEN | ||||||||||||||
| EXECUTIVE VICE PRESIDENT (FORMER) | $218,693 | $0 | $0 | $0 | $14,904 | $0 | $11,076 | $0 | $22,930 | $0 | $267,603 | $0 | $0 | $0 |
| JEFFREY BAUGHN | ||||||||||||||
| SR V.P. OF FIN & TECH | $194,848 | $0 | $0 | $0 | $10,546 | $0 | $10,720 | $0 | $17,834 | $0 | $233,948 | $0 | $0 | $0 |
| LLOYD R LOWRY III | ||||||||||||||
| PRESIDENT EMERITUS (FORMER) | $126,668 | $0 | $0 | $0 | $9,849 | $0 | $0 | $0 | $75,051 | $0 | $211,568 | $0 | $0 | $0 |
Schedule K IRS990ScheduleK
Tax Exempt Bonds Issues TaxExemptBondsIssuesGrp (3 entries)
| Bond ReferenceBondReferenceCd | Bond Issuer EINBondIssuerEIN | CUSIPCUSIPNum | Bond IssuedBondIssuedDt | Issue PriceIssuePriceAmt | PurposePurposeDesc | DefeasedDefeasedInd | On Behalf Of IssuerOnBehalfOfIssuerInd | Pool FinancingPoolFinancingInd |
|---|---|---|---|---|---|---|---|---|
| LIPSCOMB UNIVERSITY | ||||||||
| A | 620485733 | 592041WB9 | 2016-02-24 | $62,650,000 | SERIES 2016 A BONDS | 0 | 0 | 0 |
| THE HEALTH AND EDUCATION BOARD OF THE METROPOLITAN GOVERNMENT OF NASHVILLE | ||||||||
| B | 626139016 | 2019-04-03 | $110,000,000 | SERIES 2019 A BONDS | 0 | 0 | 0 | |
| THE HEALTH AND EDUCATION BOARD OF THE METROPOLITAN GOVERNMENT OF NASHVILLE | ||||||||
| C | 626139016 | 2019-04-03 | $20,000,000 | SERIES 2019 B BONDS | 0 | 0 | 0 | |
Tax Exempt Bonds Proceeds TaxExemptBondsProceedsGrp (3 entries)
| Bond ReferenceBondReferenceCd | Total ProceedsTotalProceedsAmt | Issuance Costs From ProceedsIssuanceCostsFromProceedsAmt | Refunding Tax Exempt BondsRefundingTaxExemptBondsInd | Refunding Taxable BondsRefundingTaxableBondsInd | Final Allocation MadeFinalAllocationMadeInd | Adequate Books And Rec MaintAdequateBooksAndRecMaintInd |
|---|---|---|---|---|---|---|
| A | $62,650,000 | $849,292 | Yes (1) | 0 | Yes (1) | Yes (1) |
| B | $110,000,000 | $1,075,698 | 0 | 0 | 0 | Yes (1) |
| C | $20,000,000 | $194,562 | 0 | 0 | 0 | 0 |
Tax Exempt Bonds Private Bus Use TaxExemptBondsPrivateBusUseGrp (3 entries)
| Bond ReferenceBondReferenceCd | Owning Bond Financed PropertyOwningBondFinancedPropertyInd | Any Lease ArrangementsAnyLeaseArrangementsInd | Mgmt Contract Bond Fincd PropMgmtContractBondFincdPropInd | Any Research AgreementsAnyResearchAgreementsInd | Bond Iss Meet Prvt Sec Pymt TestBondIssMeetPrvtSecPymtTestInd | Change In Use Bond Financed PropChangeInUseBondFinancedPropInd | Procs Nonqualified Bond RemdtdProcsNonqualifiedBondRemdtdInd |
|---|---|---|---|---|---|---|---|
| A | 0 | 0 | 0 | 0 | 0 | 0 | Yes (1) |
| B | 0 | 0 | 0 | 0 | 0 | 0 | Yes (1) |
| C | 0 | 0 | 0 | 0 | 0 | 0 | Yes (1) |
Tax Exempt Bonds Arbitrage TaxExemptBondsArbitrageGrp (3 entries)
| Bond ReferenceBondReferenceCd | Form8038 T FiledForm8038TFiledInd | Rebate Not Due YetRebateNotDueYetInd | Exception To RebateExceptionToRebateInd | No Rebate DueNoRebateDueInd | Variable Rate IssueVariableRateIssueInd | Hedge Identified In Bks And RecHedgeIdentifiedInBksAndRecInd | Gross Proceeds Invested In GICGrossProceedsInvestedInGICInd | Gross Proceeds InvestedGrossProceedsInvestedInd | Written Proc To Monitor ReqsWrittenProcToMonitorReqsInd |
|---|---|---|---|---|---|---|---|---|---|
| A | 0 | 0 | 0 | Yes (1) | 0 | 0 | 0 | 0 | Yes (1) |
| B | 0 | 0 | 0 | Yes (1) | 0 | 0 | 0 | 0 | Yes (1) |
| C | 0 | 0 | 0 | Yes (1) | 0 | 0 | 0 | 0 | Yes (1) |
Procedures Corrective Action ProceduresCorrectiveActionGrp (3 entries)
| Bond ReferenceBondReferenceCd | Procedures Corrective ActionProceduresCorrectiveActionInd |
|---|---|
| A | Yes (1) |
| B | 0 |
| C | 0 |
Schedule L IRS990ScheduleL
Bus Tr Involve Interested Prsn BusTrInvolveInterestedPrsnGrp (6 entries)
| Relationship DescriptionRelationshipDescriptionTxt | TransactionTransactionAmt | TransactionTransactionDesc | Sharing Of RevenuesSharingOfRevenuesInd |
|---|---|---|---|
| MELISSA LOWRY | |||
| FORMER PRESIDENT'S DAUGHTER-IN-LAW | $65,734 | UNIVERSITY EMPLOYEE | 0 |
| ABIGAIL DAVIS | |||
| TRUSTEE'S DAUGHTER | $67,021 | UNIVERSITY EMPLOYEE | 0 |
| JULIE TANNER | |||
| TRUSTEE'S DAUGHTER | $43,574 | UNIVERSITY EMPLOYEE | 0 |
| DOUGLAS WILLIAMS | |||
| TRUSTEE'S SON-IN-LAW | $97,498 | UNIVERSITY EMPLOYEE | 0 |
| JANE WILLIAMS | |||
| TRUSTEE'S DAUGHTER | $51,200 | UNIVERSITY EMPLOYEE | 0 |
| JESSICA SEATON | |||
| TRUSTEE'S DAUGHTER | $46,519 | UNIVERSITY EMPLOYEE | 0 |
Schedule M IRS990ScheduleM
Works Of Art WorksOfArtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | Yes (X) | NonCashCheckboxInd |
| Contribution | 1 | ContributionCnt |
| Noncash Contributions Rpt F990 | $20,500 | NoncashContributionsRptF990Amt |
| Method Of Determining Revenues | FAIR MARKET VALUE | MethodOfDeterminingRevenuesTxt |
Cars And Other Vehicles CarsAndOtherVehiclesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | Yes (X) | NonCashCheckboxInd |
| Contribution | 1 | ContributionCnt |
| Noncash Contributions Rpt F990 | $19,154 | NoncashContributionsRptF990Amt |
| Method Of Determining Revenues | FAIR MARKET VALUE | MethodOfDeterminingRevenuesTxt |
Securities Publicly Traded SecuritiesPubliclyTradedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | Yes (X) | NonCashCheckboxInd |
| Contribution | 16 | ContributionCnt |
| Noncash Contributions Rpt F990 | $2,687,587 | NoncashContributionsRptF990Amt |
| Method Of Determining Revenues | FMV AT DATE OF SALE | MethodOfDeterminingRevenuesTxt |
Other Non Cash Contri Table OtherNonCashContriTableGrp (2 entries)
| Non Cash CheckboxNonCashCheckboxInd | DescDesc | ContributionContributionCnt | Noncash Contributions Rpt F990NoncashContributionsRptF990Amt | Method Of Determining RevenuesMethodOfDeterminingRevenuesTxt |
|---|---|---|---|---|
| Yes (X) | DIRT AND MIX | 1 | $3,750 | COST |
| Yes (X) | MEALS | 2 | $167 | COST |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Any Property That Must Be Held | 0 | AnyPropertyThatMustBeHeldInd |
| Review Process Unusual NC Gifts | Yes (1) | ReviewProcessUnusualNCGiftsInd |
| Third Parties Used | 0 | ThirdPartiesUsedInd |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (6 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PART VI, SECTION B, LINE 11B | THE BOARD DELEGATES RESPONSIBILITY FOR THE AUDIT TO THE AUDIT COMMITTEE OF THE BOARD. ONCE THE AUDIT COMMITTEE HAS APPROVED THE FORM 990, IT IS POSTED ON THE LIPSCOMB TRUSTEE WEBSITE PRIOR TO FILING WITH THE IRS. |
| 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. ALSO, THE AUDIT COMMITTEE OF THE BOARD REVIEWS RELATED PARTY RELATIONSHIPS. |
| 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. 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. |
| FORM 990, PART XI, LINE 9: | UNREALIZED - CHANGE IN CASH VALUE OF LIFE INSURANCE 5,849. CHANGE IN POSTRETIREMENT BENEFIT OBLIGATION -264,290. ADJUSTMENTS OF ACTUARIAL LIABILITY FOR ANNUITIES PAYABLE -207,492. CHANGE IN DEFINED BENEFIT RETIREMENT PLAN OBLIGATION 593,196. ADJUSTMENT FOR RETIREMENT PLAN MINIMUM CONTRIBUTION -510,300. ADJUSTMENT FOR RETIREMENT INCENTIVE PLAN EXPENSE -340,656. AUDIT TO TAX RECONCILIATION OF INCOME -14,948. |
Schedule R IRS990ScheduleR
Id Disregarded Entities IdDisregardedEntitiesGrp (2 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | Primary ActivitiesPrimaryActivitiesTxt | Legal Domicile StateLegalDomicileStateCd | Total IncomeTotalIncomeAmt | End Of Year AssetsEndOfYearAssetsAmt | Business Name Line1DirectControllingEntityName/BusinessNameLine1Txt |
|---|---|---|---|---|---|---|---|---|
| LIPSCOMB-FLORENCE LLC | ||||||||
| 1 UNIVERSITY PARK DRIVE | NASHVILLE | TN | 37204 | HOLD REAL ESTATE | TN | $0 | $1,651,737 | LIPSCOMB UNIVERSITY |
| SE MUSIC STUDIO LLC | ||||||||
| 3100 BELMONT BLVD | NASHVILLE | TN | 37212 | MUSIC STUDIO | TN | -$319,422 | $441,967 | LIPSCOMB UNIVERSITY |