2024-11-06T00:15:46-06:00 2024-06-30 621114363 HENDERSON HUTCHERSON & MCCULLOUGH PLLC 1200 MARKET STREET CHATTANOOGA TN 37402 990 2023-07-01 620476661 TENNESSEE WESLEYAN UNIVERSITY TENN 4237465208 204 EAST COLLEGE STREET ATHENS TN 37303 GAIL HARRIS V.P. FOR FINANCIAL AFFAIRS 4237465208 2024-11-05 1 1 ADAM OSBORNE CPA P01215413 4237567771 2024-10-28 2023 2024-10-15 13:58:12Z GAIL HARRIS 204 EAST COLLEGE STREET ATHENS TN 37303 38392858 0 X WWW.TNWESLEYAN.EDU X 1857 TN FOUR-YEAR LIBERAL ARTS COLLEGE 22 22 410 0 0 0 8155843 7265485 27743589 29207617 289525 1102971 583338 593263 36772295 38169336 11821819 11673372 0 0 11102762 10698911 0 0 363803 10988183 11777842 33912764 34150125 2859531 4019211 49178861 53797589 26947072 26523704 22231789 27273885 X TENNESSEE WESLEYAN UNIVERSITY SEEKS WITHIN THE FRAMEWORK OF THE JUDEO-CHRISTIAN TRADITION TO PROVIDE FOR STUDENTS THE HIGHEST QUALITY EDUCATIONAL EXPERIENCE; TO PROMOTE PERSONAL RESPONSIBILITY, INTEGRITY, AND PURPOSE; AND TO PREPARE STUDENTS FOR A LIFE OF LEADERSHIP AND SERVICE IN AN EVER-CHANGING GLOBAL COMMUNITY. 0 0 20530173 11673372 29800880 INSTRUCTIONAL - ENROLLED AND EDUCATED OVER 1000 STUDENTS. 604250 ACADEMIC SUPPORT - INCLUDES THE FUNDS SPENT IN SUPPORT OF THE COLLEGE'S LIBRARY AND OTHER SIMILAR ACTIVITIES. 7479156 STUDENT SERVICES - INCLUDES THE FUNDS ASSOCIATED WITH THE SUPPORT OF THE COLLEGE'S STUDENTS ACADEMICS AND RELATED STUDENT ACTIVITIES. 28613579 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 137 0 1 410 1 0 0 0 0 0 0 0 0 0 0 X 22 22 0 0 0 0 0 0 0 1 1 0 0 1 1 1 0 1 1 1 1 0 TN X GAIL HARRIS 4237465208 204 EAST COLLEGE STREET ATHENS TN 37303 HONORABLE JERRI S BRYANT CHANCELLOR 1.00 X 0 0 0 SUSAN BUTTRAM BOARD MEMBER 1.00 X 0 0 0 ALLEN F CARTER VICE CHAIR 1.00 X 0 0 0 CHRIS ADAMS BOARD MEMBER 1.00 X 0 0 0 JEFFREY L CUNNINGHAM BOARD MEMBER 1.00 X 0 0 0 MARILYN MILLER BOARD MEMBER 1.00 X 0 0 0 RANDY MULLINS BOARD MEMBER 1.00 X 0 0 0 WILLIAM P WEBB BOARD MEMBER 1.00 X 0 0 0 KEN WEBB BOARD MEMBER 1.00 X 0 0 0 MARK WHITE BOARD MEMBER 1.00 X 0 0 0 JIM WINER BOARD MEMBER 1.00 X 0 0 0 PAUL G WILSON BOARD MEMBER 1.00 X 0 0 0 ALLISON WHITE BOARD REPRESENTATIVE 1.00 X 0 0 0 JACK SEITZ BOARD REPRESENTATIVE 1.00 X 0 0 0 KEITH ALTSHULER BOARD REPRESENTATIVE 1.00 X 0 0 0 REV MICKEY RAINWATER DISTRICT SUPERINTENDENT 1.00 X 0 0 0 REV DR VANT HARDAWAY HONORARY TRUSTEE 1.00 X 0 0 0 MR RICK LAY SECRETARY 1.00 X 0 0 0 THE HONORABLE CARL E COLLOMS BOARD MEMBER 1.00 X 0 0 0 REV CHRISTOPHER BLACK BOARD MEMBER 1.00 X 0 0 0 ROBERT GOODFRIEND CHAIR 1.00 X 0 0 0 SHIRLEY WOODCOCK BOARD MEMBER 1.00 X 0 0 0 JASON ROBERTSON BOARD MEMBER 1.00 X 0 0 0 MATTHEW PINSON BOARD MEMBER 1.00 X 0 0 0 JOHN G REID BOARD MEMBER 1.00 X 0 0 0 DR CLAIRE W TUCKER BOARD MEMBER 1.00 X 0 0 0 TYLER S FORREST PRESIDENT 40.00 X 310160 0 5627 DG WILLHITE VPAA 40.00 X 129384 0 11739 MARTHA G HARRIS VP OF FINANCE 40.00 X 117388 0 11214 SCOTT A MASHBURN VP OF STUDENT LIFE 40.00 X 121842 0 11112 MARTHA E MADDOX ASSOCIATE DEAN GSB 40.00 X 140927 0 9688 STACY J SWAFFORD ASSOCATE PROFESSOR OF BUSINESS ADMINISTRATION 40.00 X 116559 0 3198 STEPHANIE SMALLEN VP FOR INSTITUTIONAL EFFECTIVENESS 40.00 X 96797 0 10220 ANNE M MONTGOMERY ASSOCIATE PROFESSOR OF BUSINESS ADMINISTRATION 40.00 X 110876 0 8589 LISA D VESSER ASSOCIATE PROFESSOR OF NURSING 40.00 X 103895 0 10171 STEDMON D HOPKINS ASSISTANT PROFESSOR OF OCCUPATIONAL THERAPY 40.00 X 103605 0 10663 1351433 0 92221 9 0 1 0 ARAMARK CORP 1101 MARKET STREET PHILADELPHIA PA 19107 FOOD SERVICE 1583286 SIMMONS BANK PO BOX 709 PINE BLUFF AR 71611 LOANS 1115643 NATIONAL MANAGEMENT RESOURCES CORP PO BOX 1224 LA GRANGE GA 30241 MAINTENANCE 752911 ATHENS UTILITY BOARD 100 NEW ENGLEWOOD RD ATHENS TN 37303 UTILITIES 618313 WEBB PLUMBING & ELEC CORP 1418 S WHITE STEET ATHENS TN 37303 UTILITIES 382162 5 394294 6871191 2097197 7265485 TUITION 611310 25798684 25798684 RESIDENCE HALL 721310 2016719 2016719 FOOD SERVICE 722210 1298983 1298983 CAMPS AND CONFERENCES 900099 93012 93012 BOOKSTORE 459210 219 219 29207617 393773 393773 932720 223522 709198 709198 709198 FORT SANDERS NURSING SUPPLEMENT 611600 336750 336750 ALL OTHER REVENUE 611600 256513 256513 593263 38169336 29800880 0 1102971 X 11673372 11673372 8892926 7577014 1097215 218697 290059 226596 55598 7865 704939 497420 186563 20956 810987 659637 123064 28286 10061 10061 81424 81424 139089 64 139025 581975 432680 140915 8380 797665 797665 1852429 1587671 264758 CONTRACTED SERVICES 3012916 2073718 933263 5935 UTILITIES 698640 632533 66107 FACILITY FEES 529887 529887 DUES AND MEMBERSHIPS 451714 135755 312896 3063 3622042 2587232 974250 60560 34150125 28613579 5172743 363803 1305 1301 3099019 2713844 709682 2399670 2163725 1013689 4800 2800 8842 9663 176170 142763 52219797 25080202 25850450 27139595 15866558 18064301 1298310 2309963 49178861 53797589 675422 887039 721942 938655 23754335 21879482 1795373 2818528 26947072 26523704 X 3077632 3279340 19154157 23994545 22231789 27273885 49178861 53797589 X 4019211 902798 120087 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 14324720 705771 151560 15182051 13972839 202299 149582 14324720 12514831 1646053 -188045 13972839 12223906 199743 91182 12514831 12089465 114368 20073 12223906 0 0 1835914 1835914 34209747 13291081 20918666 2844771 1948318 896453 11372189 8325200 3046989 1957176 1515603 441573 27139595 AGENCY FUNDS 508565 LEASE LIABILITY 2309963 2818528 X 27398762 902798 902798 26495964 11673372 11673372 38169336 22476753 0 22476753 11673372 11673372 34150125 PART X, LINE 2: UNCERTAIN TAX POSITIONS THE UNIVERSITY FOLLOWS THE ACCOUNTING GUIDANCE FOR UNCERTAINTY IN INCOME TAXES USING THE PROVISIONS OF FASB ASC TOPIC 740, INCOME TAXES. BASED ON ITS EVALUATION, THE UNIVERSITY HAS CONCLUDED THAT THERE ARE NO SIGNIFICANT UNCERTAIN TAX POSITIONS REQUIRING RECOGNITION IN ITS FINANCIAL STATEMENTS. THE UNIVERSITY'S EVALUATION WAS PERFORMED FOR THE TAX YEARS ENDED JUNE 30, 2021 THROUGH JUNE 30, 2024, FOR U.S. FEDERAL INCOME TAX. THESE ARE THE YEARS WHICH REMAIN SUBJECT TO EXAMINATION BY MAJOR TAX JURISDICTIONS AS OF THE YEAR ENDED JUNE 30, 2024. PART XI, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID REPORTED AS A DISCOUNT TO REVENUE PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID REPORTED AS A DISCOUNT TO REVENUE PART VI, LINE 1E OTHER ASSETS CONSIST OF VEHICLES, LIBRARY BOOKS, AND WORK IN PROGRESS. 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 DOES NOT DESCRIMINATE BASED ON ANY FORM IN ACCORDANCE WITH TITLE IX AS DESCRIBED IN ITS STUDENT HANDBOOK AND RESOLUTIONS PREVIOUSLY PASSED. SCHEDULE E, PART I, LINE 6 THE COLLEGE IS APPROVED TO PROVIDE STUDENT ASSISTANCE WITH THE FEDERAL TITLE 4 STUDENT FINANCIAL AID PROGRAMS. 1 FINANCIAL-AID SCHOLARSHIP 821 11673372 X 1 1 X X X X 0 0 0 0 0 0 0 0 0 TYLER S FORREST PRESIDENT 310160 0 0 0 0 0 5627 0 0 0 315787 0 0 0 MARTHA E MADDOX ASSOCIATE DEAN GSB 140927 0 0 0 0 0 9688 0 0 0 150615 0 0 0 X 1 1000 CURRENT MARKET PRICE X 1 230000 THIRD PARTY APPRAISAL X BUILDING RENOVATIONS 1 1863623 THIRD PARTY APPRAISA X MATERIALS 6 2574 COST OR SELLING PRIC 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B FEDERAL FORM 990 IS PRESENTED TO THE VICE PRESIDENT FOR FINANCIAL AFFAIRS WHO REVIEWS TO MAKE SURE NUMBERS ARE CORRECTLY REPORTED. VP FOR FINANCIAL AFFAIRS THEN PRESENTS 990 TO THE FINANCE COMMITTEE FOR REVIEW. THEY WILL THEN VOTE FOR APPROVAL. ONCE APPROVED THE 990 IS PRESENTED TO THE ENTIRE BOARD OF TRUSTEES FOR REVIEW. FINAL APPROVAL IS MADE BY THE BOARD BEFORE FILING OF THE RETURN. FORM 990, PART VI, SECTION B, LINE 15 THE PRESIDENT'S SALARY IS REVIEWED AND APPROVED BY THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES. SALARY SURVEYS ARE ALSO UTILIZED IN ORDER TO PROVIDE COMPARATIVE DATA FOR REVIEW PRIOR TO APPROVAL. OFFICERS SALARIES ARE SUGGESTED BY THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES PRIOR TO HIRE DATE. ONCE HIRED SALARIES ARE ADJUSTED BASED UPON PERFORMANCE AND RECOMMENDATIONS OF THE PRESIDENT. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICIES, AND FINANCIAL STATEMENTS ARE ONLY AVAILABLE UPON REQUEST BY THE PUBLIC. FORM 990, PART IX, LINE 24E UNIFORMS AND OTHER SUPPLIES: PROGRAM SERVICE EXPENSES 243,988. MANAGEMENT AND GENERAL EXPENSES 180,904. FUNDRAISING EXPENSES 22,099. TOTAL EXPENSES 446,991. MAINTENANCE AND REPAIRS: PROGRAM SERVICE EXPENSES 393,114. MANAGEMENT AND GENERAL EXPENSES 49,755. FUNDRAISING EXPENSES 434. TOTAL EXPENSES 443,303. INSTITUTIONAL INSURANCE: PROGRAM SERVICE EXPENSES 288,834. MANAGEMENT AND GENERAL EXPENSES 48,166. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 337,000. ATHLETIC TOURNAMENT EXPENSES: PROGRAM SERVICE EXPENSES 233,023. MANAGEMENT AND GENERAL EXPENSES 77,674. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 310,697. INSTITUTIONAL ASSESSMENT: PROGRAM SERVICE EXPENSES 227,426. MANAGEMENT AND GENERAL EXPENSES 19,023. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 246,449. OTHER GRANT EXPENDITURES: PROGRAM SERVICE EXPENSES 229,486. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 229,486. STUDENT INSURANCE: PROGRAM SERVICE EXPENSES 170,551. MANAGEMENT AND GENERAL EXPENSES 56,850. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 227,401. CAMPUS SAFETY: PROGRAM SERVICE EXPENSES 164,345. MANAGEMENT AND GENERAL EXPENSES 49,301. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 213,646. TUITION WAIVER: PROGRAM SERVICE EXPENSES 133,666. MANAGEMENT AND GENERAL EXPENSES 52,589. FUNDRAISING EXPENSES 2,160. TOTAL EXPENSES 188,415. STUDENT ACTIVITY EXPENSE: PROGRAM SERVICE EXPENSES 115,835. MANAGEMENT AND GENERAL EXPENSES 32,726. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 148,561. EQUIPMENT: PROGRAM SERVICE EXPENSES 83,738. MANAGEMENT AND GENERAL EXPENSES 27,089. FUNDRAISING EXPENSES 248. TOTAL EXPENSES 111,075. NETWORKING EXPENSES: PROGRAM SERVICE EXPENSES 95,040. MANAGEMENT AND GENERAL EXPENSES 5,422. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 100,462. COPYING AND PRINTING EXPENSE: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 75,272. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 75,272. MEDICAL SUPPLIES: PROGRAM SERVICE EXPENSES 47,778. MANAGEMENT AND GENERAL EXPENSES 15,926. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 63,704. POSTAGE: PROGRAM SERVICE EXPENSES 1,327. MANAGEMENT AND GENERAL EXPENSES 57,921. FUNDRAISING EXPENSES 1,197. TOTAL EXPENSES 60,445. TELEPHONE EXPENSE: PROGRAM SERVICE EXPENSES 690. MANAGEMENT AND GENERAL EXPENSES 53,063. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 53,753. OTHER ATHLETIC EXPENSES: PROGRAM SERVICE EXPENSES 39,722. MANAGEMENT AND GENERAL EXPENSES 13,241. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 52,963. STUDENT ACCT COLLECTION EXPENSE: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 38,185. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 38,185. OTHER MISC EXPENSES: PROGRAM SERVICE EXPENSES 22,388. MANAGEMENT AND GENERAL EXPENSES 15,304. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 37,692. COMMENCEMENT EXPENSES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 33,061. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 33,061. RECRUITMENT EXPENSE: PROGRAM SERVICE EXPENSES 27,561. MANAGEMENT AND GENERAL EXPENSES 3,341. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 30,902. BANK/CREDIT CARD FEES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 26,083. FUNDRAISING EXPENSES 2,914. TOTAL EXPENSES 28,997. VEHICLE EXPENSES: PROGRAM SERVICE EXPENSES 19,877. MANAGEMENT AND GENERAL EXPENSES 6,128. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 26,005. FACULTY DEVELOPMENT: PROGRAM SERVICE EXPENSES 21,466. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 21,466. ATHLETIC TEAM MEALS: PROGRAM SERVICE EXPENSES 15,935. MANAGEMENT AND GENERAL EXPENSES 5,312. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 21,247. ENTERTAINMENT: PROGRAM SERVICE EXPENSES 1,083. MANAGEMENT AND GENERAL EXPENSES 1,718. FUNDRAISING EXPENSES 16,387. TOTAL EXPENSES 19,188. FACULTY/STAFF MEALS: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 17,656. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 17,656. HOMECOMING EXPENSES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 13,626. TOTAL EXPENSES 13,626. COST OF ACCRUED VACATION: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 12,206. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 12,206. LIBRARY EXPENSES: PROGRAM SERVICE EXPENSES 6,706. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 6,706. PUBLICATIONS-STUDENT LIFE: PROGRAM SERVICE EXPENSES 1,239. MANAGEMENT AND GENERAL EXPENSES FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF TRUSTS HELD BY THIRD PARTY 120,087. 990 PART XII PAGE 12 LINE 2D THE OVERSIGHT PROCESS OR SELECTION PROCESS FOR THE FINANCIAL AUDIT HAS NOT CHANGED FROM THE PRIOR YEAR.