2023-05-10T09:09:25-07:00 2022-06-30 990 2021-07-01 610444825 TRANSYLVANIA UNIVERSITY TRAN 8592338100 300 North Broadway Lexington KY 40508 Cody Embry Controller 8592338100 2023-05-10 1 11 1 AAL2 X 2021 2023-04-26 12:10:37Z Thomas Stuckey 300 North Broadway Lexington KY 40508 67468648 0 X www.transy.edu X 1780 KY Post-secondary education 31 31 839 100 0 0 8820169 4850204 43984961 47132481 6681339 5507730 11100419 489166 70586888 57979581 20725521 22880969 0 0 21987262 22313175 0 0 1290961 17041379 19023359 59754162 64217503 10832726 -6237922 268650228 249634669 66338999 64451726 202311229 185182943 Post-secondary education 0 0 56643092 0 47132481 Provide undergraduate degree education, curriculum, training, resources and related expenses. 0 0 0 56643092 1 1 0 0 0 0 0 1 0 1 1 0 0 0 1 1 1 1 1 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 155 0 839 1 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 X Thomas Stuckey 8592338100 300 North Broadway Lexington KY 40508 William Brien Lewis President 40 1 X 416051 0 41682 S Rebecca Thomas Vice President for Academic Affairs and Dean of the University 40 0 X 177887 0 23031 Shawn Lyons Vice President for Advancement 40 0 X 179925 0 16484 Sarah Coen Vice President for Strategic Initiatives and Enrollment Management 40 0 X 176856 0 14680 Brian Lane Basketball Coach 40 0 X 129914 0 24798 Marc Mathews Vice President for Finance and Business 40 0 X 129003 0 25608 G Rod Erfani Professor 40 0 X 125224 0 19868 Michael Covert Vice President for Student Life and Dean of Students 40 0 X 126190 0 18879 Johnnie Johnson Vice President for Admissions 40 0 X 129937 0 14507 Charles Jack Girard Professor 40 0 X 116092 0 23655 Don Dugi Professor 40 0 X 123624 0 14668 Megan Moloney Vice President for Marketing and Communication 40 0 X 122915 0 14529 Steven Angelucci Special Assistant to the President 40 0 X 121201 0 14383 Michael Cairo Professor 40 0 X 109795 0 24022 Sarah Bray Associate Dean for Academic Affairs 40 0 X 118901 0 14657 Holly Sheilley Vice President for Athletics 40 0 X 116314 0 14170 Kara Covert Associate Vice President for Advancement 40 0 X 110531 0 13216 Rhyan Conyers Vice President for Institutional Effectiveness 40 0 X 105591 0 17212 Deepa Dubal Vice President for Information Technology 40 0 X 106110 0 13468 Deidra Dennie Vice President for Diversity and Inclusion 40 0 X 108696 0 8131 Nelson Murphy Vice President for Finance and Business 40 0 X 91113 0 11219 Falguni Amin-Zimmerman Board Member 1 0 X 0 0 0 Glen S Bagby Board Member 1 0 X 0 0 0 Mindy G Barfield Board Member 1 0 X 0 0 0 George Branch Board Member 1 0 X 0 0 0 Betsy Brooks Bulleit Board Member 1 0 X 0 0 0 Karen K Caldwell Board Member 1 0 X 0 0 0 Aristides S Candris Vice-Chair of the Board and Board Member 1 0 X X 0 0 0 Todd Clark Board Member 1 0 X 0 0 0 Raymond K Cooper II Board Member 1 0 X 0 0 0 Shawna A Corman Board Member 1 0 X 0 0 0 Norwood Cowgill Jr Chairman of the Board and Board Member 1 0 X X 0 0 0 Luther Deaton Jr Treasurer of the Board and Board Member 1 0 X X 0 0 0 Rose Mary Stamler Dow Secretary of the Board and Board Member 1 0 X X 0 0 0 Michael C Finley Board Member 1 0 X 0 0 0 Charisse Gillett Board Member 1 0 X 0 0 0 Laura R Harper Board Member 1 0 X 0 0 0 Sherry D Holley Board Member 1 0 X 0 0 0 John Knapp Board Member 1 0 X 0 0 0 Prakash T Maggan Board Member 1 0 X 0 0 0 Samuel J Mitchell Jr Board Member 1 0 X 0 0 0 William C Oehmig Board Member 1 0 X 0 0 0 Billie Jo Setzer Board Member 1 0 X 0 0 0 Joe M Thomson Board Member 1 0 X 0 0 0 Palmer G Vance II Board Member 1 0 X 0 0 0 George M VanMeter Jr Board Member 1 0 X 0 0 0 Ann Orme Windley Board Member 1 0 X 0 0 0 John N Williams Jr Board Member 1 0 X 0 0 0 Brian C Wood Board Member 1 0 X 0 0 0 Byron Young Board Member 1 0 X 0 0 0 Christopher H Young Board Member 1 0 X 0 0 0 William T Young Jr Board Member 1 0 X 0 0 0 2941870 0 382867 36 1 1 0 Bon Apetit Management Company 201 Redwood Shores Parkway Suite 100 Redwood Shores CA 94065 Food Service Provider 2557441 Ellucian Inc 2003 Edmund Halley Drive Reston VA 20191 ERP License 261575 Martin Motor Coach 2040 Regency Road Suite F Lexington KY 40503 Vehicle Rental Services 278915 Churchill McGee LLC 1315 C West Main Street Lexington KY 40508 Consultants 298798 Diversified Demolition 773 Westland Drive B Lexington KY 40504 Demolition Services 206700 32 0 0 0 0 0 4850204 0 4850204 Tuition and Fees 611310 40228115 40228115 0 0 Room, board and other auxiliaries 611310 6904366 6904366 0 0 0 0 0 0 47132481 1853350 0 0 1853350 0 0 0 0 0 0 0 0 0 0 13143447 0 9489067 0 3654380 0 3654380 3654380 0 0 0 489166 489166 0 0 489166 57979581 51276027 0 1853350 0 0 22880969 22880969 2862325 1401821 1161623 298881 14282519 12514915 1356858 410746 1262004 930070 278902 53032 2696065 1972395 674302 49368 1210262 891946 270954 47362 67837 2910 64927 44825 44825 159852 159852 1092577 774990 272420 45167 347634 123778 173179 50677 1257421 949869 269380 38172 1127631 931695 143901 52035 2208582 1993859 177382 37341 1138975 1099318 29205 10452 330046 196462 128130 5454 1831162 1803101 28061 5316745 4756668 470627 89450 551361 58903 492458 Auxiliary Expenses - Dining, Camps 2636845 2636845 0 0 Special Programs 521409 332121 86464 102824 Athletics expenses 390457 390457 0 0 0 0 0 0 64217503 56643092 6283450 1290961 3386243 3537170 554806 286073 7269770 4267150 383978 789532 884968 729089 1026931 1553947 187582777 74550890 115111365 113031887 138292307 124016369 1739860 1423452 268650228 249634669 4529660 4462207 1452489 1254567 56790837 55564403 491256 1171886 976804 2394127 1702489 66338999 64451726 X 56874633 49236753 145436596 135946190 202311229 185182943 268650228 249634669 -6237922 -10890364 0 0 0 0 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 2842918 0 0 X X 0 130237116 976896 -5589707 0 8317151 0 117307154 102241243 3474755 32359614 0 7838496 0 130237116 105116135 631011 3216506 0 6722409 0 102241243 100520154 869407 12998844 0 9272270 0 105116135 104506725 659259 3320636 0 7966466 0 100520154 0.08 0.59 0.33 0 0 15776959 0 15776959 140697618 0 56548852 84148766 0 0 0 0 11666269 0 8362012 3304257 19441931 0 9640026 9801905 113031887 Annuities Payable 1517312 Leases Payable 185177 1702489 X 41317270 -10890364 0 0 -5612095 -16502459 57819729 159852 0 159852 57979581 66227067 0 0 0 2169416 2169416 64057651 159852 0 159852 64217503 Schedule D, 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. Schedule D, Part V, Line 4 The University's endowment funds support current operations, scholarships and specific programs for excellence in teaching and faculty development. Schedule D, 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 a 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 has concluded that as of June 30, 2022 and 2021, 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. Schedule D, Part XI, Line 2d Bingham Fund for Excellence in Teaching at Transylvania University EIN 61-1129707 revenues and expenses are included in the audited financial statements of Transylvania University EIN 61-0444825. Bingham Fund for Excellence in Teaching at Transylvania University revenues and expenses are not included in this Form 990 because a separate Form 990 is filed for this entity. Schedule D, Part XII, Line 2d Bingham Fund for Excellence in Teaching at Transylvania University EIN 61-1129707 revenues and expenses are included in the audited financial statements of Transylvania University EIN 61-0444825. Bingham Fund for Excellence in Teaching at Transylvania University revenues and expenses are not included in this Form 990 because a separate Form 990 is filed for this entity. 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. 982 22880969 0 Schedule I, 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 357581 0 45750 0 12720 0 31564 0 10118 0 457733 0 0 0 S Rebecca Thomas Vice President for Academic Affairs and Dean of the University 177887 0 0 0 0 0 14041 0 8990 0 200918 0 0 0 Sarah Coen Vice President for Strategic Initiatives and Enrollment Management 176856 0 0 0 0 0 5704 0 8977 0 191537 0 0 0 Shawn Lyons Vice President for Advancement 179925 0 0 0 0 0 13209 0 3275 0 196409 0 0 0 Marc Mathews Vice President for Finance and Business 129003 0 0 0 0 0 10472 0 15136 0 154611 0 0 0 Brian Lane Basketball Coach 129914 0 0 0 0 0 10233 0 14565 0 154712 0 0 0 Schedule J, Part I, Line 1a The University makes a residence available for the use of President. The University may purchase flights for the President's spouse from time to time for travel to Alumni events or donor cultivation. The President has a discretionary spending account. A KBDC IRB Series 2019A City of Midway 472650498 2019-03-29 9950000 Project funding for building projects 0 0 0 B KBDC IRB Series 2019B City of Stamping Ground 472650498 000491207 2019-06-20 13765000 Project funding for building projects 0 0 0 C 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 0 0 9950000 0 0 0 123030 0 0 9826970 0 0 2020 0 0 1 1 B 0 0 14501939 0 651439 0 248463 0 0 13600000 0 0 2020 0 0 1 1 C 32160000 0 32160000 0 0 0 0 0 0 0 0 0 2021 1 0 1 1 A 0 0 1 1 0 0 0 0 0 0 1 B 0 0 1 1 0 0 0 0 0 0 1 C 0 0 0 0 0 0 0 0 0 1 A 0 1 1 1 0 0 0 0 1 B 0 1 1 1 1 0 0 0 1 C 0 1 1 1 1 0 0 0 1 A 1 B 1 C 1 Schedule K, Part IV, Line 2c-03/29/2019 9,950,000 KBDC IRB Series 2019A No rebate is due. Met the exception for spend down. Schedule K, Part IV, Line 2c-06/20/2019 13,765,000 KBDC IRB Series 2019B No rebate is due. Met the exception for spend down. Schedule K, Part IV, Line 2c-02/18/2021 32,160,000 KBDC EDRB Series 2021A No rebate is due. Met the exception for spend down. 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 Vice President of Finance, Compliance with the Organization's 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 person is required to recuse himself or herself from the discussions 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 Direct 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. Bingham Fund for Excellence in Teaching at Transylvania University 300 N Broadway Lexington KY 40508 611129707 Promote excellence in teaching KY 501(c)(3) 509(a)(2) Transylvania University 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 2169417 Actual Expenses Schedule R, Part V, Line 1q Bingham Fund for Excellence in Teaching at Transylvania University. Extension was filed and approved before initial due date. Tax return is being filed within the extension period. Extension was necessary to properly complete FY22 financial audit.