2024-05-15T07:46:37-05:00 2023-06-30 620647474 BLACKBURN CHILDERS & STEAGALL PLC 801B SUNSET DRIVE JOHNSON CITY TN 376043033 990 2022-07-01 610470593 UNIVERSITY OF THE CUMBERLANDS INC UNIV 6065492200 6180 COLLEGE STATION DRIVE WILLIAMSBURG KY 40769 QUENTIN YOUNG CFO 6065492200 2024-05-10 1 QUENTIN YOUNG 999009999 0 SARAH PRESNELL P01269151 4232824511 2024-05-10 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z QUENTIN YOUNG 6180 COLLEGE STATION DRIVE WILLIAMSBURG KY 40769 180740641 0 X WWW.UCUMBERLANDS.EDU X 1889 KY TO PROVIDE A QUALITY, AFFORDABLE EDUCATION TO STUDENTS FROM ALL BACKGROUNDS THROUGH BROAD-BASED ACADEMICS. THE INSTITUTION IS GROUNDED IN CHRISTIAN PRINCIPLES AND LEADERSHIP THROUGH SERVICE" 26 25 2200 2466 0 0 7698522 6683913 169241111 165367091 4157363 4927771 542637 529435 181639633 177508210 8477805 8316303 0 0 59763925 63225302 0 0 1781800 53629513 59798679 121871243 131340284 59768390 46167926 483181761 550041021 30679502 35741098 452502259 514299923 PROVIDING EXCEPTIONAL EDUCATIONAL SERVICES IN A PRIVATE BAPTIST UNIVERSITY ENVIRONMENT. 0 0 119188662 8316303 165445789 THE UNIVERSITY PROVIDES EXCEPTIONAL EDUCATIONAL SERVICES IN A PRIVATE BAPTIST UNIVERSITY ENVIRONMENT TO STUDENTS AT LESS THAN THE AGGREGATE COST OF THESE SERVICES. SUCH ACTIVITY IS THE PRIMARY PURPOSE FOR WHICH THE UNIVERSITY WAS FORMED. ATHLETICS, SALES, AND AUXILIARY INCOME IS ALSO AN ESSENTIAL COMPONENT OF THE UNIVERSITY'S PRIMARY EXEMPT PURPOSE OF PROVIDING QUALITY EDUCATIONAL SERVICE. 119188662 1 1 0 0 0 0 0 1 0 1 1 1 0 1 1 0 0 1 1 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 1 0 0 0 0 0 0 0 1 1 0 0 0 1 303 0 1 2200 1 0 0 0 0 0 0 0 0 0 0 0 0 X 26 25 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 KY X QUENTIN YOUNG 6065492200 6180 COLLEGE STATION DRIVE WILLIAMSBURG KY 40769 DAVID LEWIS TRUSTEE 1.00 X 0 0 0 DR JOHN MARK TOBY TRUSTEE 1.00 X 0 0 0 BILL GULLETT TRUSTEE 1.00 X 0 0 0 LORI LEWIS SECRETARY 1.00 X X 0 0 0 FRANKLIN GREENE TRUSTEE 1.00 X 0 0 0 COOKIE HENSON TRUSTEE 1.00 X 0 0 0 MICHAEL MOUNTJOY TRUSTEE 1.00 X 0 0 0 PHILLIP ARMSTRONG TRUSTEE 1.00 X 0 0 0 DR TONY HANCOCK TRUSTEE 1.00 X 0 0 0 JOE ELLISON TRUSTEE 1.00 X 0 0 0 DR FRENCH HARMON TRUSTEE 1.00 X 0 0 0 AMANDA WALTON TRUSTEE 1.00 X 0 0 0 DR CONNIE HAUSER TRUSTEE 1.00 X 0 0 0 DR CHARLES DYE TRUSTEE 1.00 X 0 0 0 DR OLIVER KEITH GANNON TRUSTEE 1.00 X 0 0 0 DR MARION FORCHT TRUSTEE 1.00 X 0 0 0 RUFUS FRIDAY TRUSTEE 1.00 X 0 0 0 DAVID KNOCK TRUSTEE 1.00 X 0 0 0 LEE BRYANT TRUSTEE 1.00 X 0 0 0 LARRY BRANDSTETTER TRUSTEE 1.00 X 0 0 0 DONNIE PATRICK TRUSTEE 1.00 X 0 0 0 GEORGETTA GANNON TRUSTEE 1.00 X 0 0 0 SCOTT THOMPSON VICE CHAIR 5.00 X X 0 0 0 WINSTON GRIFFIN TRUSTEE 1.00 X 0 0 0 JOHN STEWART TRUSTEE 1.00 X 0 0 0 DR QUENTIN YOUNG EXECUTIVE VP FINANCE/CFO 40.00 X 213285 0 26200 DR LARRY COCKRUM PRESIDENT/CHIEF EXECUTIVE OFFICER 40.00 X 1655663 0 45562 DR JERRY JACKSON EXECUTIVE VP ENROLLMENT 40.00 X 220082 0 14179 DR EMILY COLEMAN DIRECTOR OF THE LEARNING C 40.00 X 204828 0 16248 DR DONNIE GRIMES EXECUTIVE VP INFORMATION T 40.00 X 174290 0 25197 DR TREY JARBOE VP ACADEMIC AFFAIRS 40.00 X 178825 0 23294 2646973 0 150680 6 0 1 0 EDUCATION DYNAMICS LLC PO BOX 780276 PHILADELPHIA PA 19178 ADVERTISING 4622970 ARAMARK RECEIVABLES LLC PO BOX 978839 DALLAS TX 75397 MAINTENANCE AND GROUNDS 4422018 MINNER VINES MONCUS INJURY LAWYERS PLLC 325 W MAIN STREET 210 LEXINGTON KY 40507 LEGAL SERVICES 3121699 KAY & KAY CONTRACTING 1355 KEAVY RD LONDON KY 40744 CONSTRUCTION 1536264 CONSERVE 200 CROSSKEYS OFFICE PARK FAIRPOINT NY 14450 ACCOUNTS RECEIVABLES MANAGEMENT 288847 5 6683913 6683913 TUITION/FEES 611710 153638654 153638654 AUXILIARY SERVICES 611710 10981439 10981439 DEPARTMENTAL SALES/SERVICES 611710 746998 746998 165367091 8160202 8160202 450737 0 450737 450737 450737 3232431 -3232431 -3232431 -3232431 OTHER REVENUE 611710 78698 78698 78698 177508210 165445789 0 5378508 8316303 8316303 2911867 2911867 50887403 49182313 652280 1052810 9426032 8604364 583372 238296 1629996 1629996 5065377 5055207 2500 7670 995288 786613 127878 80797 1268780 1268780 2086383 1909611 116076 60696 7459707 7208631 226977 24099 1733812 387218 1346594 SERVICES 20901814 19994143 840036 67635 PLANT SERVICES 5299278 5120918 161241 17119 LITIGATION SETTLEMENT 3121699 3121699 BAD DEBT 1979250 1979250 8257295 7745315 279302 232678 131340284 119188662 10369822 1781800 69430886 71538830 351427 316840 21192005 27540267 1310246 429277 65750 211364317 71118694 140468688 140245623 209417733 268731764 41010776 41172670 483181761 550041021 7185594 8810349 20636026 25158745 2857882 1772004 30679502 35741098 X 357193213 422676641 95309046 91623282 452502259 514299923 483181761 550041021 X 46167926 15493120 136618 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 648781 X 0 164485925 43945988 13909360 -100507 222441780 120888737 39604821 -22316212 -26308579 164485925 81374115 20856884 19092039 434301 120888737 80874916 676724 522591 700116 81374115 79920531 663614 3365162 3074391 80874916 0.63247 0.29556 0.07197 1 0 21871966 21871966 124327744 48550823 75776921 30212786 8477072 21735714 21566651 10103734 11462917 13385170 3987065 9398105 140245623 INVESTMENTS 268731764 F 268731764 ASSETS HELD IN TRUST BY OTHERS 14128874 OTHER ASSETS 1610215 ASSETS LIMITED TO USE 257641 REAL ESTATE 24013627 BENEFICIAL INTERESTS IN TRUSTS 1162313 41172670 FEDERAL STUDENT LOAN FUNDS 539756 DEFERRED COMPENSATION AGREEMENT 257641 ACTUARIAL LIABILITIES FOR ANNUITIES 974607 1772004 PART III, LINE 4: THE MUSEUM COLLECTIONS ARE DISPLAYED THROUGHOUT THE WILLAIMSBURG CAMPUS. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 THE UNIVERSITY'S NONDISCRIMINATORY POLICY IS PUBLISHED IN THE STUDENT HANDBOOK DISTRIBUTED TO STUDENTS AT THE BEGINNING OF EACH SCHOOL YEAR. SCHEDULE E, PART I, LINE 6 THE UNIVERSITY RECEIVES FINANCIAL ASSISTANCE FROM GOVERNMENTAL AGENCIES THAT IT PASSES ON TO ITS STUDENTS IN THE FORM OF SCHOLARSHIPS AND GRANTS. THE UNIVERSITY IS REIMBURSED FOR A PORTION OF FEDERAL WORKSTUDY. 1 SCHOLARSHIPS 1885 8316303 PART I, LINE 2: THE UNIVERSITY HAS POLICIES AND PROCEDURES TO DETERMINE ELIGIBILITY FOR STUDENT FINANCIAL ASSISTANCE AND COMPLIES WITH THE FEDERAL REQUIREMENTS FOR AWARDING STUDENT AID. 1 X X X X X X 0 0 0 0 0 0 0 0 0 DR LARRY COCKRUM PRESIDENT/CHIEF EXECUTIVE OFFICER 1655663 0 0 0 0 0 27000 0 18562 0 1701225 0 0 0 DR QUENTIN YOUNG EXECUTIVE VP FINANCE/CFO 213285 0 0 0 0 0 8994 0 17206 0 239485 0 0 0 DR JERRY JACKSON EXECUTIVE VP ENROLLMENT 220082 0 0 0 0 0 8269 0 5910 0 234261 0 0 0 DR EMILY COLEMAN DIRECTOR OF THE LEARNING C 204828 0 0 0 0 0 7817 0 8431 0 221076 0 0 0 DR TREY JARBOE VP ACADEMIC AFFAIRS 178825 0 0 0 0 0 6088 0 17206 0 202119 0 0 0 DR DONNIE GRIMES EXECUTIVE VP INFORMATION T 174290 0 0 0 0 0 7941 0 17256 0 199487 0 0 0 LEE BRYANT MEMBER OF THE BOARD OF TRUSTEES 329393 MR. LEE BRYANT, OWNER OF W D BRYANT & SONS, INC., IS A MEMBER OF THE UNIVERSITY'S BOARD OF TRUSTEES. THE UNIVERSITY PURCHASES HARDWARE SUPPLIES FROM THE COMPANY AS IT IS CLOSER THAN SIMILIAR STORES SUCH AS LOWE'S OR 84 LUMBER. 0 FORM 990, PART VI, SECTION A, LINE 2 LORI LEWIS AND DAVID LEWIS HAVE A FAMILY RELATIONSHIP. GEORGETTA GANON AND DR. KEITH GANNON HAVE A FAMILY RELATIONSHIP. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS MADE AVAILABLE TO ALL BOARD OF DIRECTORS AND MANAGEMENT. PRIOR YEARS MAY ALSO BE VIEWED THROUGH GUIDESTAR'S WEBSITE. FORM 990, PART VI, SECTION B, LINE 12C CONFLICT OF INTEREST DISCLOSURE FORMS ARE DISTRIBUTED TO THE BOARD OF TRUSTEES AND TO FACULTY AND STAFF. THESE DISCLOSURES ARE REVIEWED ANNUALLY FOR CONFLICTS. FORM 990, PART VI, SECTION B, LINE 15 THE PRESIDENT OF THE UNIVERSITY IS REVIEWED ANNUALLY BY THE PERSONAL COMMITTEE OF THE BOARD OF TRUSTEES, WHICH RECOMMENDS THE COMPENSATION AND BENEFIT LEVELS TO THE FULL BOARD. ALL MANAGEMENT PERSONNEL ARE REVIEWD BY THE PRESIDENT OF THE UNIVERSITY. 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 AND AT THE DISCRETION OF THE BOARD OF DIRECTORS AND MANAGEMENT. FORM 990, PART XI, LINE 9: ACTUARIAL LIABILITY ADJUSTMENT -52,042. UNREALIZED GAIN ON ASSETS HELD IN TRUST 188,660. FORM 990, PART XII, LINE 2C THE AUDIT COMMITTEE OF THE BOARD OF DIRECTORS ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT OF THE FINANCIAL STATEMENTS AND THE SELECTION OF THE INDEPENDENT AUDITOR. THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. CUMBERLAND WELLNESS PROPERTIES 6180 COLLEGE STATION DRIVE WILLIAMSBURG KY 40769 261289884 LEASES EDUCATIONAL PROPERTY TO UNIVERSITY OF THE CUMBERLANDS, INC. KY 501(C)(3) LINE 12C, III-FI UNIVERSITY OF THE CUMBERLANDS INC 1 MOUNTAIN OUTREACH PROGRAM INC 6180 COLLEGE STATION DRIVE WILLIAMSBURG KY 40769 611278580 CONSTRUCT HOUSING FOR NEEDY FAMILIES KY 501(C)(3) LINE 7 UNIVERSITY OF THE CUMBERLANDS INC 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 0 0 CUMBERLAND WELLNESS PROPERTY K FAIR MARKET VALUE