2026-05-14T08:22:57-05:00 2025-06-30 351178661 BLUE & CO LLC 250 WEST MAIN STREET SUITE 2900 LEXINGTON KY 40507 990 2024-07-01 610444825 TRANSYLVANIA UNIVERSITY TRAN 8592338100 300 NORTH BROADWAY LEXINGTON KY 40508 LISA CUSTARDO CHIEF FINANCIAL OFFICER 8592338100 2026-05-13 1 1 RICHARD C SHIELDS P00852717 8592531100 2026-05-13 2024 2025-03-06 01:10:19Z LISA CUSTARDO 300 NORTH BROADWAY LEXINGTON KY 40508 109387882 0 X TRANSY.EDU X 1780 KY PRIVATE LIBERAL ARTS COLLEGE FEATURING A COMMUNITY-DRIVEN, PERSONALIZED APPROACH TO A LIBERAL ARTS EDUCATION. 31 31 844 100 0 0 7548199 5716063 52535964 53447512 8692312 25504662 3057180 1439815 71833655 86108052 27357591 28039959 0 0 23053139 23838935 0 0 1521119 19402467 19244170 69813197 71123064 2020458 14984988 264515550 274609264 61261658 57821828 203253892 216787436 X THROUGH AN ENGAGEMENT WITH THE LIBERAL ARTS, TRANSYLVANIA UNIVERSITY PREPARES ITS STUDENTS FOR A HUMANE AND FULFILLING PERSONAL AND PUBLIC LIFE BY CULTIVATING INDEPENDENT THINKING, OPEN-MINDEDNESS, CREATIVE EXPRESSION AND COMMITMENT TO LIFELONG LEARNING AND SOCIAL RESPONSIBILITY IN A DIVERSE WORLD. 0 0 62976331 28039959 54887327 TRANSYLVANIA UNIVERSITY, LOCATED IN THE HEART OF DOWNTOWN LEXINGTON, KENTUCKY, IS A TOPRANKED PRIVATE LIBERAL ARTS COLLEGE FEATURING A COMMUNITY-DRIVEN, PERSONALIZED APPROACH TO A LIBERAL ARTS EDUCATION. FOUNDED IN 1780, IT IS THE 16TH OLDEST INSTITUTION OF HIGHER LEARNING IN THE COUNTRY, WITH APPROXIMATELY 1,000 STUDENTS. 62976331 1 1 0 0 0 0 0 1 0 1 1 0 0 0 1 1 0 1 1 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 1 0 0 1 119 0 1 844 1 0 0 0 0 0 0 0 0 0 0 0 0 X 31 31 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 KY X LISA CUSTARDO CFO 8592338100 300 NORTH BROADWAY LEXINGTON KY 40508 WILLIAM BRIEN LEWIS PRESIDENT 40.00 1.00 X 400609 0 58251 LISA CUSTARDO EVP FOR BUSINESS AFFAIRS, CFO 40.00 1.00 X 215637 0 36415 S REBECCA THOMAS VICE PRESIDENT FOR ACADEMIC AFFAIRS AND DEAN OF TH 40.00 1.00 X 200219 0 35402 KARA COVERT VICE PRESIDENT FOR ADVANCEMENT 40.00 1.00 X 152810 0 26835 MICHAEL COVERT VICE PRESIDENT FOR STUDENT LIFE AND DEAN OF STUDEN 40.00 1.00 X 141912 0 33753 RHYAN CONYERS VICE PRESIDENT FOR INSTITUTIONAL EFFECTIVENESS 40.00 1.00 X 132858 0 36482 G ROD ERFANI PROFESSOR 40.00 1.00 X 132169 0 32901 MICHAEL CAIRO PROFESSOR 40.00 1.00 X 124643 0 39448 MANNING MAURICE PROFESSOR 40.00 1.00 X 128165 0 35546 CHRISTOPHER H YOUNG BOARD CHAIR 1.00 X X 0 0 0 RAYMOND K COOPER II BOARD VICE-CHAIR 1.00 X X 0 0 0 BETSY BROOKS BULLEIT BOARD SECRETARY 1.00 X X 0 0 0 LUTHER DEATON JR BOARD TREASURER 1.00 X X 0 0 0 FALGUNI AMIN-ZIMMERMAN BOARD MEMBER 1.00 X 0 0 0 GLEN S BAGBY BOARD MEMBER 1.00 X 0 0 0 MINDY G BARFIELD BOARD MEMBER 1.00 X 0 0 0 KAREN K CALDWELL BOARD MEMBER 1.00 X 0 0 0 ARISTIDES S CANDRIS BOARD MEMBER 1.00 X 0 0 0 TODD CLARK BOARD MEMBER 1.00 X 0 0 0 SHAWNA A CORMAN BOARD MEMBER 1.00 X 0 0 0 NORWOOD COWGILL JR BOARD MEMBER 1.00 X 0 0 0 ROSE MARY STAMLER DOW BOARD MEMBER 1.00 X 0 0 0 MICHAEL C FINLEY BOARD MEMBER 1.00 X 0 0 0 CHARISSE GILLET BOARD MEMBER 1.00 X 0 0 0 HANNAH GOODLETT BOARD MEMBER 1.00 X 0 0 0 LAURA R HARPER BOARD MEMBER 1.00 X 0 0 0 SHERRY D HOLLEY BOARD MEMBER 1.00 X 0 0 0 DAVID C JOHNSON BOARD MEMBER 1.00 X 0 0 0 JOHN KNAPP BOARD MEMBER 1.00 X 0 0 0 PRAKASH T MAGGAN BOARD MEMBER 1.00 X 0 0 0 JANET MCGREGOR BOARD MEMBER 1.00 X 0 0 0 JENNIFER MOORE BOARD MEMBER 1.00 X 0 0 0 BILLIE JO SETZER BOARD MEMBER 1.00 X 0 0 0 JOE M THOMPSON BOARD MEMBER 1.00 X 0 0 0 JEFFRY TRUITT BOARD MEMBER 1.00 X 0 0 0 PALMER G VANCE II BOARD MEMBER 1.00 X 0 0 0 GEORGE M VANMETER JR BOARD MEMBER 1.00 X 0 0 0 JOHN N WILLIAMS JR BOARD MEMBER 1.00 X 0 0 0 ANN ORME WINDLEY BOARD MEMBER 1.00 X 0 0 0 BRIAN C WOOD BOARD MEMBER 1.00 X 0 0 0 1629022 0 335033 13 0 1 0 ASPIRANT POINT-C 500 N HURSTBOURNE PARKWAY SUITE 10 LOUISVILLE KY 40222 MEDICAL INSURANCE SERVICES 6092310 BON APPETIT PO BOX 91337 CHICAGO IL 606091337 FOOD SERVICES 2436144 KENTUCKY UTILITIES PO BOX 25212 LEHIGH VALLEY PA 180025212 UTILITIES 1040345 MARSH & MCLENNAN AGENCY PO BOX 744833 ATLANTA GA 303744833 INSURANCE 604347 CHARD SNYDER AND ASSOCIATES PO BOX 22247 NEW YORK NY 100872247 MEDICAL INSURANCE SERVICES 406928 31 5716063 1056721 5716063 TUITION AND FEES 611310 45557815 45557815 ROOM, BOARD, AND OTHER AUXILIARIE 611310 7671526 7671526 GRANTS AND CONTRACTS 611310 218171 218171 53447512 2526494 2526494 46257998 23279830 22978168 22978168 22978168 OTHER 611310 1439815 1439815 1439815 86108052 54887327 0 25504662 28039959 28039959 1897966 495763 971931 430272 16189707 14265077 1446326 478304 1423758 1015215 343320 65223 3033974 2098283 822285 113406 1293530 921383 309247 62900 38234 475 37759 55715 55715 228427 228427 1464325 797889 666436 256670 86775 145088 24807 129345 105528 23817 1033306 926959 77728 28619 2438727 2193421 204667 40639 1466253 1427597 9257 29399 560663 489599 71064 1760867 1733835 27032 4664265 4171262 414265 78738 910257 45949 864308 FOODSERVICE 2322577 2322577 0 0 SUPPLIES 784254 784254 0 0 AWARDS AND HONORARIA 421554 421554 0 0 DUES, SUBSCRIPTIONS, AN 195942 194788 0 1154 512789 438189 1823 72777 71123064 62976331 6625614 1521119 4574598 4339957 1676305 1923355 1115273 1128278 334251 233780 1167874 1147840 190155697 87343431 105248398 102812266 148791126 73115206 88197646 1607725 1710936 264515550 274609264 4612431 4584442 1047654 1103475 47718147 46449831 5742459 4349318 526620 346705 1614347 988057 61261658 57821828 X 38724310 40290605 164529582 176496831 203253892 216787436 264515550 274609264 X 14984988 -2382049 930605 X X 0 1 X 1 1 1 X 8820169 4850204 4299336 7548199 5716063 31233971 8820169 4850204 4299336 7548199 5716063 31233971 4782131 26451840 1685261 1853350 1975928 2222731 2526494 10263764 11100419 489166 1275458 3057180 1439814 17362037 58859772 245882881 0.44940 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: OTHER REVENUE - 2020 AMOUNT: $ 11,100,419. 2021 AMOUNT: $ 489,166. 2022 AMOUNT: $ 1,275,458. 2023 AMOUNT: $ 3,057,180. 2024 AMOUNT: $ 1,439,814. PART II, SECTION A PART II HAS BEEN COMPLETED TO PROVE THE SCHOOL MEETS THE PUBLIC SUPPORT TEST AND THEREFORE QUALIFIES TO USE THE SPECIAL RULE IN REPORTING ON SCHEDULE B. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 2865919 X X 0 142344270 2218158 22684022 9834778 157411672 128319662 3888305 20738139 10601836 142344270 117307154 913224 16865901 6766617 128319662 130237116 976896 -5589707 8317151 117307154 102241243 3474755 32359614 7838496 130237116 0.04391 0.48476 0.47133 0 0 14914360 14914360 145521016 67514743 78006273 11579923 8866777 2713146 12705325 10334701 2370624 5435073 627210 4807863 102812266 MONEY MARKET FUNDS 35027596 F CASH SURRENDER VALUE OF LIFE INSURANCE POLICIES 2093110 F OTHER INVESTMENTS 734805 F SCHWAB S&P 500 INDEX 35065744 F MICROSOFT CORP 15276391 F 88197646 ANNUITIES PAYABLE 913753 DEPOSITS HELD IN CUSTODY 74304 988057 X 76716012 -2382049 21328087 18946038 57769974 298119 28039959 28338078 86108052 46482221 3627543 3627543 42854678 228427 28039959 28268386 71123064 PART III, LINE 4: WORKS OF ART, RARE BOOKS, DRAWINGS, PORTRAITS, HISTORICAL DOCUMENTS AND MEDICAL TEXTBOOKS RELATED TO THE UNIVERSITY'S 19TH CENTURY COLLEGE OF MEDICINE ARE MAINTAINED BY THE UNIVERSITY FOR EDUCATION AND COMMUNITY HISTORICAL PURPOSES. PART V, LINE 4: THE UNIVERSITY'S ENDOWMENT FUNDS SUPPORT CURRENT OPERATIONS, SCHOLARSHIPS AND SPECIFIC PROGRAMS FOR EXCELLENCE IN TEACHING AND FACULTY DEVELOPMENT PART X, LINE 2: ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRE MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY THE UNIVERSITY AND RECOGNIZE TAX LIABILITY IF THE UNIVERSITY HAS TAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY VARIOUS FEDERAL AND STATE TAXING AUTHORITIES. MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE UNIVERSITY, AND CONCLUDED THAT AS OF JUNE 30, 2025 AND 2024, THERE ARE NO UNCERTAIN POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY OR DISCLOSURE IN THE ACCOMPANYING FINANCIAL STATEMENTS. PART XI, LINE 2D - OTHER ADJUSTMENTS: DE-CONSOLIDATE BINGHAM FUND FOR EXCELLENCE IN TEACHING 20,397,482. CHANGE IN ANNUITIES PAYABLE 827,394. CHANGE IN ASSETS HELD IN TRUST BY OTHERS 103,211. PART XI, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS NETTED ON FINANCIAL STATEMENTS 28,039,959. PART XII, LINE 2D - OTHER ADJUSTMENTS: DE-CONSOLIDATE BINGHAM FUND FOR EXCELLENCE IN TEACHING 3,627,543. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS NETTED ON FINANCIAL STATEMENTS 28,039,959. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 ALL PUBLICATIONS CONTAIN A STATEMENT REGARDING TRANSYLVANIA UNIVERSITY'S NONDISCRIMINATION POLICY. SCHEDULE E, PART I, LINE 6 THE UNIVERSITY'S STUDENTS ARE ELIGIBLE TO RECEIVE FEDERAL FINANCIAL AID. 1 SCHOLARSHIPS FOR TUITION AND RELATED FEES. 997 28039959 PART I, LINE 2: THE OFFICE OF FINANCIAL AID MAINTAIN RECORDS TO SUBSTANTIATE THE AMOUNT OF THE GRANTS OR ASSISTANCE DISBURSED TO STUDENTS, THE STUDENTS' ELIGIBILITY FOR THE GRANTS OR ASSISTANCE, AND THE SELECTION CRITERIA USED TO AWARD THE GRANTS OR ASSISTANCE. X X X 1 1 X 0 0 0 0 0 0 0 0 0 WILLIAM BRIEN LEWIS PRESIDENT 400609 0 0 0 0 0 31944 0 26307 0 458860 0 0 0 LISA CUSTARDO EVP FOR BUSINESS AFFAIRS, CFO 215637 0 0 0 0 0 19407 0 17008 0 252052 0 0 0 S REBECCA THOMAS VICE PRESIDENT FOR ACADEMIC AFFAIRS 200219 0 0 0 0 0 18020 0 17382 0 235621 0 0 0 KARA COVERT VICE PRESIDENT FOR ADVANCEMENT 152810 0 0 0 0 0 13753 0 13082 0 179645 0 0 0 MICHAEL COVERT VICE PRESIDENT FOR STUDENT LIFE AND 141912 0 0 0 0 0 12772 0 20981 0 175665 0 0 0 RHYAN CONYERS VICE PRESIDENT FOR INSTITUTIONAL EFF 132858 0 0 0 0 0 11957 0 24525 0 169340 0 0 0 G ROD ERFANI PROFESSOR 132169 0 0 0 0 0 11895 0 21006 0 165070 0 0 0 MICHAEL CAIRO PROFESSOR 124643 0 0 0 0 0 11218 0 28230 0 164091 0 0 0 MANNING MAURICE PROFESSOR 128165 0 0 0 0 0 11535 0 24011 0 163711 0 0 0 PART I, LINE 1A THE UNIVERSITY MAKES A RESIDENCE AVAILABLE FOR USE BY THE PRESIDENT. THE UNIVERSITY MAY PURCHASE FLIGHTS FOR THE PRESIDENT'S SPOUSE FROM TIME TO TIME TO TRAVEL TO ALUMNI EVENTS OR DONOR CULTIVATION. THE PRESIDENT HAS A DISCRETIONARY SPENDING ACCOUNT. A KBDC IRB SERIES 2019B CITY OF STAMPING GROUND 472650498 000491207 2019-06-20 13765000 PROJECT FUNDING FOR BUILDING PROJECTS 0 0 0 B KBDC EDRB SERIES 2021A CITY OF STAMPING GROUND 472650498 49120AAW9 2021-02-18 32160000 REFUND 2012, 2016A, 2016B, 2016C, 2016D SERIES BONDS 0 0 0 A 145019399 651439 248463 13600000 2020 0 0 1 1 B 32160000 32160000 2021 1 0 1 1 A 0 0 1 1 0 0 0 1 B 0 0 0 0 0 0 1 A 0 1 1 1 1 0 0 0 1 B 0 1 1 1 1 0 0 0 1 A 1 B 1 X 36 1056721 0 0 0 FORM 990, PART VI, SECTION A, LINE 2 MR. CHRISTOPHER H. YOUNG AND MR. WILLIAM T. YOUNG, JR. - FAMILY RELATIONSHIP. FORM 990, PART VI, SECTION B, LINE 11B A DRAFT OF THE FORM 990 IS REVIEWED AND APPROVED BY THE FINANCE COMMITTEE OF THE BOARD OF TRUSTEES PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE TRANSYLVANIA UNIVERSITY ANNUAL DISCLOSURE FORM IS COMPLETED BY EACH TRUSTEE AND IS FORWARDED TO THE EVP FOR BUSINESS AFFAIRS. COMPLIANCE WITH THE ORGANIZATIONS' CONFLICT OF INTEREST POLICY IS MONITORED ANNUALLY. ALL INTERESTED PERSONS ARE REQUIRED TO DISCLOSE TO THE BOARD ANY POSSIBLE CONFLICTS OF INTEREST. IN THE EVENT OF A CONFLICT, THE INTERESTED PARTY IS REQUIRED TO RECUSE THEMSELVES FROM THE DISCUSSION AND ABSTAIN FROM VOTING ON SUCH MATTERS UNDER CONSIDERATION BY THE BOARD. FORM 990, PART VI, SECTION B, LINE 15 THE COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES, APPOINTED BY THE CHAIR, RECOMMENDS THE COMPENSATION OF THE PRESIDENT AND IS APPROVED BY THE CHAIR. THE PRESIDENT REVIEWS AND APPROVES THE COMPENSATION FOR ALL VICE PRESIDENTS. THE DIRECTOR OF HUMAN RESOURCES USES CUPA-HR SURVEY DATA TO DETERMINE APPROPRIATE MARKET SALARIES. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE NOT REQUIRED TO BE DISCLOSED PER IRC SECTION 6014. AS SUCH, THESE DOCUMENTS ARE NOT AVAILABLE TO THE PUBLIC AT THIS TIME. FORM 990, PART XI, LINE 9: CHANGE IN ANNUITIES PAYABLE 827,394. CHANGE IN ASSETS HELD IN TRUST BY OTHERS 103,211. FORM 990, PART XII, LINE 2C THE METHOD DID NOT CHANGE FROM THE PRIOR YEAR. BINGHAM FUND FOR EXCELLENCE IN TEACHING AT TRANSYLVANIA UNIVERSITY 300 NORTH BROADWAY LEXINGTON KY 40508 611129707 PROMOTE EXCELLENCE IN TEACHING KY 501(C)(3) LINE 12B, II TRANSYLVANIA UNIVERSITY 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 BINGHAM FUND FOR EXCELLENCE IN TEACHING AT TRANSYLVANIA UNIVERSITY Q 3697234 ACTUAL EXPENSES