2023-04-18T12:02:35-05:00 2022-05-31 621199757 LBMC PC PO BOX 1869 BRENTWOOD TN 370241869 990 2021-06-01 620485733 LIPSCOMB UNIVERSITY LIPS 6159661000 ONE UNIVERSITY PARK DRIVE NASHVILLE TN 372043951 JEFFREY BAUGHN SENIOR VP FOR FINANCE & TECHNOLOGY 6159661000 2023-04-17 1 JEFFREY BAUGHN 999009999 JILL HUDSON P00061190 6153774600 2023-04-17 3 AAL1 IAL1 2021 2023-04-26 12:10:37Z LIPSCOMB UNIVERSITY JEFFREY BAUGHN ONE UNIVERSITY PARK DR NASHVILLE TN 37204 274141958 0 X WWW.LIPSCOMB.EDU X 1891 TN 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. 26 25 2649 200 470857 39728 28228701 21651976 182524563 195835550 4215747 7957008 1288183 2025848 216257194 227470382 51764810 55639723 0 0 80534736 85502799 0 0 3739691 73969923 86821023 206269469 227963545 9987725 -493163 502799879 484056410 281284168 269460769 221515711 214595641 X 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 SEEKS TO BE ENGAGED IN THE COMMUNITY AND TO BE A GOOD NEIGHBOR AS IT CONTINUES TO GROW. 0 0 119321445 55639723 173706733 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. 32875585 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. 19240706 22209107 AUXILIARY ENTERPRISES:PROVIDES STUDENTS WITH THE ENGAGING ON-CAMPUS LIPSCOMB EXPERIENCE. STUDENTS WHO LIVE ON CAMPUS TYPICALLY EXPERIENCE A STRONG SENSE OF POSITIVE COMMUNITY. 18177400 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. 1265716 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. 19443116 190880852 1 1 0 1 0 0 0 0 0 1 1 1 0 1 1 1 1 0 1 1 1 0 0 1 1 0 0 1 1 1 1 0 0 0 0 0 0 0 1 1 1 1 0 0 0 1 0 0 0 0 1 7422 0 1 2649 1 1 1 1 IT 0 0 0 1 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 TN X JEFFREY BAUGHN SVP FOR FINANCE & TECHNOLOGY 6159667650 ONE UNIVERSITY PARK DRIVE NASHVILLE TN 37204 MICHAEL F ADAMS TRUSTEE 1.00 X 0 0 0 BUDDY BELL TRUSTEE 1.00 X 0 0 0 GERALD COGGIN TRUSTEE 1.00 X 0 0 0 RICHARD G COWART TRUSTEE 1.00 X 0 0 0 DIANE CREEL TRUSTEE 1.00 X 0 0 0 MORGAN W DAVIS TRUSTEE 1.00 X 0 0 0 JAMES GRIFFITH TRUSTEE 1.00 X 0 0 0 BART HARPER TRUSTEE 1.00 X 0 0 0 BENNIE HARRIS TRUSTEE 1.00 X 0 0 0 VAN HENLEY TRUSTEE 1.00 X 0 0 0 TOM INGRAM TRUSTEE 1.00 X 0 0 0 TERRY KOONCE TRUSTEE 1.00 X 0 0 0 MARK LANIER TRUSTEE 1.00 X 0 0 0 JOHN LITTLE TRUSTEE 1.00 X 0 0 0 BILLY LONG TRUSTEE 1.00 X 0 0 0 LISA PIERCEY TRUSTEE 1.00 X 0 0 0 CICELY SIMPSON TRUSTEE 1.00 X 0 0 0 NELKA B STEPHENS TRUSTEE 1.00 X 0 0 0 MITCH EDGEWORTH VICE CHAIR 1.00 X 0 0 0 MARTY KITTRELL TREASURER 1.00 X 0 0 0 VICKI SENSING SMITH SECRETARY 1.00 X 0 0 0 DAVID L SOLOMON CHAIR 1.00 X 0 0 0 RANDY R LOWRY III CHANCELLOR 40.00 X 591213 0 14436 W CRAIG BLEDSOE PROVOST 40.00 X 210980 0 7592 WALT C LEAVER III V.P. OF UNIV. RELATIONS 40.00 X 123865 0 4715 PHILIP N HUTCHESON DIRECTOR OF ATHLETICS 40.00 X 182186 0 7018 DARRELL DUNCAN VICE PRESIDENT OF FINANCE 40.00 X 152298 0 5851 DAVID G WILSON UNIVERSITY ATTORNEY 40.00 X 166880 0 6353 CANDICE MCQUEEN PRESIDENT 40.00 X 179644 0 6999 DAVE BRUNO VICE PRESIDENT OF MKTG 40.00 X 136350 0 3838 MATT PADEN EXECUTIVE VICE PRESIDENT 40.00 X 212143 0 6471 WILLIAM TURNER DISTINGUISHED PROFESSOR 40.00 X 136436 0 5089 CHRISTY HOOPER V. P. OF HUMAN RESOURCES 40.00 X 163333 0 6084 JEFFREY BAUGHN SR V.P. OF FIN & TECH 40.00 X 228598 0 4250 BYRON LEWIS V. P. OF ENRL MANAGEMENT 40.00 X 131665 0 3991 JOHN R LOWRY VP DVLPMNT & EXTERNAL AFFAIRS 40.00 X 279895 0 0 SCOTT SAGER V. P. OF CHURCH SERVICES 40.00 X 104629 0 3420 KEVIN EIDSON DIR OF HEALTH & WELLNESS 40.00 X 159494 0 0 BRAD SCHULTZ HEAD OF SCHOOL 40.00 X 192448 0 4988 KIM CHAUDOIN VP OF PR & COMMUNICATION 40.00 X 109650 0 3992 HOPE NORDSTROM SPEC COUNS TO PRES-STRATE 40.00 X 116110 0 3457 BRETT HINSON V. P. OF INFORMATION TECH 40.00 X 144967 0 0 CHARLES R ELDRIDGE DEAN OF COLLEGE OF BUS 40.00 X 208279 0 8014 R MICHAEL FERNANDEZ DEAN COLLEGE OF ENT & ART 40.00 X 204450 0 5294 QUINCY BYRDSONG V. PROVOST OF HEALTH AFFR 40.00 X 232116 0 0 PARKER ELROD PROFESSOR 40.00 X 201895 0 6475 TRACE HEBERT INTM DEAN - COLLEGE OF ED 40.00 X 153924 0 5194 ADAM WYSE COACH 40.00 X 208000 0 0 TRENT DILFER HEAD FOOTBALL COACH 40.00 X 160217 0 0 CHARLES ACUFF COACH 40.00 X 320904 0 11704 THOMAS CAMPBELL DEAN, COLLEGE OF PHARMACY 40.00 X 226141 0 8885 SAMUEL HINKLE SENIOR VICE PRESIDENT 40.00 X 215000 0 0 5853710 0 144110 147 0 1 0 SODEXO INC AND AFFILIATES PO BOX 360170 PITTSBURGH PA 152516170 FOOD SERVICE 5414665 CASE RESTORATION CO 1115 POLK AVE NASHVILLE TN 37210 CONSTRUCTION 4590273 SLINGSHOT LP 1500 S WESTERN AVE MARION IN 46593 ACADEMIC SERVICES 1510562 FIRST AMERICAN EQUIPMENT FINANCE 1801 W OLYPMIC BLVD PASADENA CA 911990001 FINANCIAL SERVICES 1496018 INSIGHT INVESTMENTS LLC 611 ANTON BLVD STE 700 COSTA MESA CA 92626 TECHONOLOGY 1413128 78 73759 9953238 11624979 1079632 21651976 TUITION AND FEES 611710 166317376 166317376 AUXILIARY REVENUE 611710 22209107 22209107 MISCELLANEOUS INCOME 611710 7309067 7389357 -80290 195835550 2185295 4813 2180482 110 110 2948755 924730 2024025 2024025 -117015 2141040 48036319 3445958 42873343 2837221 5162976 608737 5771713 663239 5108474 37995 73759 36282 1713 1713 227470382 195915840 470857 9431709 18800 18800 55620923 55620923 4236501 4236501 67773250 59698891 5977102 2097257 1810442 1526693 283749 6642923 4682947 1959976 5039683 4182722 714619 142342 86831 46216 40615 101740 101740 481020 481020 3223394 2422114 665706 135574 1580932 949040 630411 1481 9894837 6211218 3514179 169440 3274050 1022151 2043091 208808 2861942 2617369 243074 1499 5808806 5103995 584447 120364 307601 253461 50576 3564 10318665 8223172 2095493 12974388 9857059 3117329 9160211 7057277 1873920 229014 UBTI TAX 3307 3307 PLANT OPERATIONS 9329520 6641462 2225029 463029 FOOD SERVICE 4885310 4885310 MISCELLANEOUS 3749657 3540438 188002 21217 8778812 6319594 2313116 146102 227963545 190880852 33343002 3739691 12346171 10943353 28116466 25041404 14712281 14545540 1256047 1608904 434431412 145760501 290773845 288670911 2410325 477848 109329016 108849897 43855728 33918553 502799879 484056410 20875481 18317970 1248268 0 12280560 11655138 203952325 202541377 1700000 1500000 41227534 35446284 281284168 269460769 X 93778686 89200529 127737025 125395112 221515711 214595641 502799879 484056410 X -493163 -7234171 807264 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 0 0 0 0 1 50000 0 0 50000 0 SCHEDULE C, PART II-B 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. X X X 104008185 3071481 -1154016 2581732 800000 102543918 79700345 4637787 23242094 2721480 850561 104008185 82027830 1116854 1794871 2966158 2273052 79700345 85036837 3464849 -584504 2762404 3126948 82027830 79025131 3248324 6277943 2564561 950000 85036837 0.17271 0.82729 0 0 19565613 366246050 129682877 256128786 45405889 16077624 29328265 3213860 3213860 288670911 INVESTMENTS - SHORT TERM/MUTUAL FUNDS 57769491 F INVESTMENTS - LIMITED PARTNERSHIP INTERESTS 28721840 F INVESTMENTS - COMMON TRUST FUNDS 22358566 F 108849897 LIFE INSURANCE POLICIES 2230607 CASH FROM BOND PROCEEDS RESTRICTED FOR CAPITAL PROJECTS 4132745 OPERATING LEASE RIGHT-OF-USE ASSETS 3586046 FINANCE LEASE RIGHT-OF-USE ASSETS 23969155 33918553 ACCRUED PENSION BENEFIT LIABILITY 403250 ACCRUED POSTRETIREMENT BENEFIT OBLIGATION 5202031 FEDERAL STUDENT LOANS REFUNDABLE 1177588 OPERATING LEASE LIABILITIES 3723786 FINANCE LEASE LIABILITIES 24939629 35446284 X 164875507 -7234171 577665 -6656506 171532013 481020 55457349 55938369 227470382 171795577 -224074 -224074 172019651 55943894 55943894 227963545 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 INTERNAL REVENUE CODE 501(C)(3) AND, ACCORDINGLY, NO PROVISION FOR INCOME TAXES IS INCLUDED IN THE 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, 2022, 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 INS 58,272. ADJ OF ACTUARIAL LIABILITY FOR ANNUITIES PAYABLE 286,966. GAIN ON FIXED ASSET DISPOSAL -586,092. EXPENSES NETTED WITH MISCELLANEOUS REVENUE ON F/S -171,833. FUNDRAISING EXPENSE ACCOUNTS NETTED WITH MISCELLANEOUS REVENUE ON F/S 36,282. ROUNDING CHANGE IN POSTRETIREMENT BENEFIT OBLIGATION 954,070. PART XI, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID NETTED WITH REVENUE ON F/S 55,620,923. RENTAL EXP. NETTED W/ 990 REVENUE -807,715. CHANGE IN DEFINED BENEFIT RETIREMENT PLAN OBLIGATION 25,635. ADJUSTMENT OF RETIRMENT PLAN MINIMUM CONTRIBUTION 266,589. ADJUSTMENT OF RETIREMENT PLAN CONTRIBUTION EXPENSE 28,946. INVESTMENT INC INCLUDE IN EXP ON F/S AND RECLASSED TO INCOME FOR TAX RETURN 322,971. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXP INCLUDE IN EXP ON F/S AND RECLASSED TO INCOME FOR TAX RETURN 36,282. GAIN ON FIXED ASSET DISPOSAL -586,092. FUNDRAISING EXPENSE ACCOUNTS NETTED WITH MISCELLANEOUS REVENUE ON F/S 807,715. PROGRAM EXPENSES NETTED WITH MISCELLANEOUS REVENUE ON F/S -960. INVESTMENT FEES NETTED WITH INCOME ON FINANCIAL STATEMENTS -481,020. ROUNDING 1. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID NETTED WITH REVENUE ON F/S 55,620,923. F/S INVESTMENT RECLASS INVESTMENT INC INCLUDE IN EXP ON F/S AND RECLASSED TO INCOME FOR TAX RETURN 322,971. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 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 $9,953,238 FOR PERIOD ENDING MAY 31, 2022. EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM 3 8 PROGRAM SERVICES GLOBAL INSTRUCTION 770392 CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, 1 0 PROGRAM SERVICES GLOBAL INSTRUCTION 4632 EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM 3 8 PROGRAM SERVICES ARCHEOLOGICAL DIG 84274 MIDDLE EAST AND NORTH AFRICA 0 7 PROGRAM SERVICES ARCHEOLOGICAL DIG 66127 RUSSIA AND NEIGHBORING STATES 0 0 PROGRAM SERVICES ARCHEOLOGICAL DIG 1941 7 23 0 0 7 23 927366 0 927366 0 0 0 0 0 0 PART III ACCOUNTING METHOD: X 0 AL AK AZ AR CA CO CT DE FL GA HI ID IL IN IA KS KY LA ME MD MA MI MN MS MO MT NE NV NH NJ NM NY NC ND OH OK OR PA RI SC SD TN TX UT VT VA WA WV WI WY BASEBALL GOLF SCRAMBLE 45476 33446 12030 13440 BASEBALL FIRST PITCH DINNER 36963 27163 9800 8297 1 29315 13150 16165 14545 111754 73759 37995 36282 36282 1713 1 BEST BUDDIES OF NASHVILLE 1585 MALLORY LANE BRENTWOOD TN 37027 521614576 501(C)3 7000 0 IMPACT DONATION TO BEST BUDDIES OF NASHVILLE SCHOLARSHIPS 3918 55620923 FMV NONE 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. X X X X X X X 1 1 X X X X X 0 0 0 0 0 0 0 0 0 RANDY R LOWRY III CHANCELLOR 565213 0 0 0 26000 0 0 0 14436 0 605649 0 0 0 CHARLES ACUFF COACH 292377 0 0 0 28527 0 0 0 11704 0 332608 0 0 0 JOHN R LOWRY VP DVLPMNT & EXTERNAL AFFAIRS 260868 0 0 0 19027 0 0 0 0 0 279895 0 0 0 THOMAS CAMPBELL DEAN, COLLEGE OF PHARMACY 209957 0 0 0 16184 0 0 0 8885 0 235026 0 0 0 JEFFREY BAUGHN SR V.P. OF FIN & TECH 215115 0 0 0 13483 0 0 0 4250 0 232848 0 0 0 QUINCY BYRDSONG V. PROVOST OF HEALTH AFFR 232116 0 0 0 0 0 0 0 0 0 232116 0 0 0 MATT PADEN EXECUTIVE VICE PRESIDENT 191989 0 0 0 20154 0 0 0 6471 0 218614 0 0 0 W CRAIG BLEDSOE PROVOST 180848 0 0 0 30132 0 0 0 7592 0 218572 0 0 0 CHARLES R ELDRIDGE DEAN OF COLLEGE OF BUS 187098 0 0 0 21181 0 0 0 8014 0 216293 0 0 0 SAMUEL HINKLE SENIOR VICE PRESIDENT 215000 0 0 0 0 0 0 0 0 0 215000 0 0 0 R MICHAEL FERNANDEZ DEAN COLLEGE OF ENT & ART 199156 0 0 0 5294 0 0 0 5294 0 209744 0 0 0 PARKER ELROD PROFESSOR 175895 0 0 0 26000 0 0 0 6475 0 208370 0 0 0 ADAM WYSE COACH 208000 0 0 0 0 0 0 0 0 0 208000 0 0 0 BRAD SCHULTZ HEAD OF SCHOOL 170637 0 0 0 21811 0 0 0 4988 0 197436 0 0 0 PHILIP N HUTCHESON DIRECTOR OF ATHLETICS 154807 0 0 0 27379 0 0 0 7018 0 189204 0 0 0 CANDICE MCQUEEN PRESIDENT 146844 0 0 0 32800 0 0 0 6999 0 186643 0 0 0 DAVID G WILSON UNIVERSITY ATTORNEY 138972 0 0 0 27908 0 0 0 6353 0 173233 0 0 0 CHRISTY HOOPER V. P. OF HUMAN RESOURCES 151249 0 0 0 12084 0 0 0 6084 0 169417 0 0 0 TRENT DILFER HEAD FOOTBALL COACH 160217 0 0 0 0 0 0 0 0 0 160217 0 0 0 KEVIN EIDSON DIR OF HEALTH & WELLNESS 153494 0 0 0 6000 0 0 0 0 0 159494 0 0 0 TRACE HEBERT INTM DEAN - COLLEGE OF ED 132668 0 0 0 21256 0 0 0 5194 0 159118 0 0 0 DARRELL DUNCAN VICE PRESIDENT OF FINANCE 146298 0 0 0 6000 0 0 0 5851 0 158149 0 0 0 A LIPSCOMB UNIVERSITY 620485733 592041WB9 2016-02-24 62650000 SERIES 2016 A BONDS 0 0 0 B THE HEALTH AND EDUCATION BOARD OF THE METROPOLITAN GOVERNMENT OF NASHVILLE 626139016 2019-04-03 110000000 SERIES 2019 A BONDS 0 0 0 C THE HEALTH AND EDUCATION BOARD OF THE METROPOLITAN GOVERNMENT OF NASHVILLE 626139016 2019-04-03 20000000 SERIES 2019 B BONDS 0 0 0 A 4215000 62650000 849292 1 0 1 1 B 110000000 1075698 0 0 0 1 C 20000000 194562 0 0 0 0 A 0 0 0 0 0 0 1 B 0 0 0 0 0 0 1 C 0 0 0 0 0 0 1 A 0 0 0 1 0 0 0 0 1 B 0 0 0 1 0 0 0 0 1 C 0 0 0 1 0 0 0 0 1 A 1 B 0 C 0 RHONDA LOWRY PRESIDENT'S SPOUSE 66440 UNIVERSITY EMPLOYEE 0 JOHN LOWRY PRESIDENT'S SON 279895 UNIVERSITY EMPLOYEE 0 MELISSA LOWRY PRESIDENT'S DAUGHTER-IN-LAW 35769 UNIVERSITY EMPLOYEE 0 DAVID SOLOMON BOARD MEMBER 22500 RENTAL REAL PROPERTY 0 HARRIETTE SHIVERS EX-BOARD MEMBER 52782 RENTAL REAL PROPERTY 0 X 2 13108 FAIR MARKET VALUE X 29 1041491 FMV AT DATE OF SALE X SPORTS EQUIPMENT 3 6995 COST X SERVICES & RELATED PRODUCTS 4 5094 FAIR MARKET VALUE X GATE & FENCE INSTALLATION 3 4995 COST X LOCKER ROOM EQUIPMENT 15 4400 COST X CLASSROOM MATERIALS 7 3000 FAIR MARKET VALUE X MUSICAL INSTRUMENTS 2 550 FAIR MARKET VALUE 0 1 0 FORM 990, PART VI, SECTION A, LINE 2 UNIVERSITY PRESIDENT RANDY LOWRY IS THE FATHER OF JOHN LOWRY VICE PRESIDENT FOR COMMUNITY & GOVERNMENT RELATIONS. FORM 990, PART VI, SECTION B, LINE 11B BOARD DELEGATES THIS RESPONSIBILITY TO THE AUDIT COMMITTEE OF THE BOARD. ONCE THE AUDIT COMMITTEE HAS APPROVED FORM 990, IT IS POSTED ON THE LIPSCOMB TRUSTEE WEBSITE PRIOR TO BEING FILED. 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 58,272. CHANGE IN POSTRETIREMENT BENEFIT OBLIGATION 954,070. ADJUSTMENTS OF ACTUARIAL LIABILITY FOR ANNUITIES PAYABLE 286,966. CHANGE IN DEFINED BENEFIT RETIREMENT PLAN OBLIGATION -25,635. ADJUSTMENT FOR RETIREMENT PLAN MINIMUM CONTRIBUTION -266,586. ADJUSTMENT FOR RETIREMENT INCENTIVE PLAN EXPENSE -28,946. ROUNDING -4. AUDIT TO TAX RECONCILIATION OF INCOME -170,873. FORM 990, PART XIII, LINE 2C THE PROCESS HAS NOT CHANGED SINCE PRIOR YEAR. LIPSCOMB-FLORENCE LLC 1 UNIVERSITY PARK DRIVE NASHVILLE TN 37204 HOLD REAL ESTATE TN LIPSCOMB UNIVERSITY SE MUSIC STUDIO LLC 3100 BELMONT BLVD NASHVILLE TN 37212 MUSIC STUDIO TN 19645 342284 LIPSCOMB UNIVERSITY INSTITUTE FOR CHRISTIAN STUDIES 7640 GUADALUPE ST AUSTIN TX 78752 SEMINARY SCHOOL TX LIPSCOMB UNIVERSITY