2022-03-04T10:58:16-06:00 2021-05-31 275360847 CROSSLIN PLLC 3803 BEDFORD AVENUE SUITE 103 NASHVILLE TN 37215 990 2020-06-01 620481463 WELCH COLLEGE WELC 6156755255 1045 BISON TRAIL GALLATIN TN 37066 CRAIG MAHLER VP-FINANCIAL AFFAIRS 6156755255 2022-02-28 1 CRAIG MAHLER 999009999 STEVEN D WARREN P00921930 6153205500 2022-02-28 3 AAL1 IAL1 2020 2022-09-23 18:48:47Z X J MATTHEW PINSON 1045 BISON TRAIL GALLATIN TN 37066 10532861 0 X HTTPS://WELCH.EDU/ X 1945 TN WELCH COLLEGE IS A CHRISTIAN HIGHER EDUCATION INSTITUTION THAT EDUCATES LEADERS TO SERVE CHRIST, HIS CHURCH, AND HIS WORLD THROUGH BIBLICAL THOUGHT AND LIFE 9 9 243 10 0 0 2101735 4531523 6260085 5536110 263478 352572 138857 76539 8764155 10496744 1760047 2049408 0 0 3704824 3644910 0 0 492916 4142790 3728672 9607661 9422990 -843506 1073754 39743438 40121490 18423213 17549119 21320225 22572371 WELCH COLLEGE IS A CHRISTIAN HIGHER EDUCATION INSTITUTION THAT EDUCATES LEADERS TO SERVE CHRIST, HIS CHURCH, AND HIS WORLD THROUGH BIBLICAL THOUGHT AND LIFE 0 0 7730342 2049408 10496744 WELCH COLLEGE IS A CHRISTIAN HIGHER EDUCATION INSTITUTION THAT EDUCATES LEADERS TO SERVE CHRIST, HIS CHURCH, AND HIS WORLD THROUGH BIBLICAL THOUGHT AND LIFE. WE PROVIDE OUR STUDENTS A UNIQUE OPPORTUNITY TO PREPARE FOR LEADERSHIP IN THE PLACE OF SERVICE TO WHICH GOD IS CALLING THEM. WE DO THIS BY TEACHING STUDENTS TO CONFRONT THE INESCAPABLE QUESTIONS OF LIFE FROM THE VANTAGE POINT OF A CHRISTIAN WORLDVIEW, REALISING THE IMPLICATIONS OF CHRISTIAN FAITH FOR THE WORLD AROUND THEM. 7730342 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 1 0 1 1 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 56 0 1 243 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 9 9 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 TN X CRAIG MAHLER 6156755255 1045 BISON TRAIL GALLATIN TN 37066 MR MIKE ARMSTRONG SECRETARY 1.00 X X 0 0 0 REV WILL BEAUCHAMP BOARD OF TRUSTEES MEMBER 1.00 X 0 0 0 DR JEFF CRABTREE CHAIRMAN 1.00 X X 0 0 0 REV SHILOH HACKETT BOARD OF TRUSTEES MEMBER 1.00 X 0 0 0 REV WAYNE MIRACLE BOARD OF TRUSTEES MEMBER 1.00 X 0 0 0 REV BRAD RYAN BOARD OF TRUSTEES MEMBER 1.00 X 0 0 0 REV TIM CAMPBELL BOARD OF TRUSTEES MEMBER 1.00 X 0 0 0 REV THERON SCOTT BOARD OF TRUSTEES MEMBER 1.00 X 0 0 0 CHRIS TRUETT BOARD OF TRUSTEES MEMBER 1.00 X 0 0 0 CRAIG MAHLER VP-FINANCIAL AFFAIRS 40.00 X 32420 0 27753 J MATTHEW PINSON PRESIDENT 40.00 X 73680 0 18929 GREG KETTEMAN VP STRATEGIC INITIATIVES 40.00 X 60674 0 1867 JON FORLINES VP STUDENT SERVICES/ DEAN 40.00 X 52239 0 9180 DAVID WILLIFORD VP-INSTITUTIONAL ADVANCEME 40.00 X 15037 0 55847 MATTHEW BRACEY VICE PROVOST 40.00 X 33684 0 29168 KEVIN HESTER VP INSTITUTIONAL EFFECTIVE 40.00 X 67267 0 19382 MATTHEW MCAFFEE PROVOST 40.00 X 19658 0 51857 354659 0 213983 0 0 0 0 PIONEER COLLEGE CATERERS INC 303 GLENROSE AVE NASHVILLE TN 37210 FOOD SERVICE 330818 WHITE & ASSOCIATES MANAGEMENT 775 DOUGLAS LN GALLATIN TN 37066 MAINTENANCE 219821 2 1337824 3193699 4531523 TUITION AND FEES 611710 4407107 4407107 DINING HALL 611710 654916 654916 DORMITORY 611710 445686 445686 SNACKSHOP AND BOOKSTORE 611710 23040 23040 OTHER PROGRAM SERVICES 611710 5361 5361 5536110 354836 354836 24795 27059 -2264 -2264 -2264 73073 9058 64015 64015 OTHER INCOME 900000 12524 12524 12524 10496744 5546370 0 418851 2046436 2046436 2972 2972 354661 248397 66933 39331 2520998 1765656 475771 279571 761650 533444 143741 84465 7601 2390 5211 69425 69425 51450 51450 69907 62760 7147 110171 103783 6388 312709 169975 106132 36602 57849 57849 547142 546370 772 138417 90388 23566 24463 674 674 738045 738045 804543 804543 91680 91680 FOOD SERVICE 317168 605 316563 OTHER EXPENSES 181386 167864 5064 8458 NONOPERATING EXPENSES 55075 55075 ATHLETICS 49064 49064 133967 127246 904 5817 9422990 7730342 1199732 492916 1195662 960244 390361 389602 873410 613655 194232 56976 1000000 1000000 9607 6990 10024 19769 36276311 4971736 31661678 31304575 1793508 2007348 1498349 2636724 1067607 1067607 49000 58000 39743438 40121490 367253 543643 121553 72624 17695416 16781571 238991 151281 18423213 17549119 X 16378434 16279395 4941791 6292976 21320225 22572371 39743438 40121490 1073754 183336 -4944 0 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 3470934 980452 534586 107445 4878527 3127052 47636 442614 146368 3470934 2838686 548823 -141604 118853 3127052 2595378 26509 292379 70110 5470 2838686 2167387 166364 44180 111569 -329016 2595378 0.90730 0.09270 1 1 1 3736637 3736637 28381687 2568950 25812737 3961923 2402786 1559137 196064 196064 31304575 INVESTMENTS - OTHER SECURITIES 2636724 F 2636724 STUDENT DEPOSITS AND AGENCY FUNDS 151281 151281 X PART X, LINE 2: THE COLLEGE IS EXEMPT FROM INCOME TAXES UNDER SECTION 501 OF THE INTERNAL REVENUE CODE AND A SIMILAR PROVISION OF STATE LAW. HOWEVER, THE COLLEGE IS SUBJECT TO FEDERAL INCOME TAX ON ANY UNRELATED BUSINESS TAXABLE INCOME. THE COLLEGE ACCOUNTS FOR THE EFFECT OF ANY UNCERTAIN TAX POSITIONS BASED ON A MORE LIKELY THAN NOT THRESHOLD TO THE RECOGNITION OF THE TAX POSITIONS BEING SUSTAINED BASED ON THE TECHNICAL MERITS OF THE POSITION UNDER EXAMINATION BY THE APPLICABLE TAXING AUTHORITY. IF A TAX POSITION OR POSITIONS ARE DEEMED TO RESULT IN UNCERTAINTIES OF THOSE POSITIONS, THE UNRECOGNIZED TAX BENEFIT IS ESTIMATED BASED ON A CUMULATIVE PROBABILITY ASSESSMENT THAT AGGREGATES THE ESTIMATED TAX LIABILITY FOR ALL UNCERTAIN TAX POSITIONS. TAX POSITIONS FOR THE COLLEGE INCLUDE, BUT ARE NOT LIMITED TO, THE TAX-EXEMPT STATUS AND DETERMINATION OF WHETHER INCOME IS SUBJECT TO UNRELATED BUSINESS INCOME TAX; HOWEVER, THE COLLEGE HAS DETERMINED THAT SUCH TAX POSITIONS DO NOT RESULT IN AN UNCERTAINTY REQUIRING RECOGNITION. THE COLLEGE FILES INFORMATIONAL RETURNS, WHICH ARE OPEN FOR EXAMINATION BY AUTHORITIES FOR THREE YEARS AFTER FILING. THE TAX RETURNS FOR 2018, 2019, AND 2020 ARE STILL OPEN TO EXAMINATION. SCHEDULE D, PART V, LINE 4 ENDOWMENT USE ENDOWMENTS CONSIST OF NUMEROUS INDIVIDUAL FUNDS ESTABLISHED TO BENEFIT UNRESTRICTED OPERATIONS AND TO PROVIDE SCHOLARSHIPS TO ELIGIBLE STUDENTS WHO MEET INDIVIDUAL DONOR REQUIREMENTS. ALL ENDOWMENTS ARE DONOR RESTRICTED, WITH NO BOARD DESIGNATED (QUASI) FUNDS. 1 1 0 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 WE DO NOT SERVE A LOCALIZED COMMUNITY, BUT A DENOMINATIONAL CONSTITUENCY. WHILE WE HAVE, ON OCCASION, ADVERTISED OUR RACIALLY NON-DISCRIMINATORY POLICY IN LOCAL NEWSPAPERS, WE HAVE NOT DONE THIS ANNUALLY. OUR CATALOG, WHICH IS THE BASIS FOR COMMUNICATING SCHOOL POLICIES TO OUR TRUE CONSTITUENCY OF PROSPECTIVE STUDENTS IN THE DENOMINATION (AND ALL OTHERS WHO INQUIRE), ALWAYS CONTAINS NOTICE OF THE NON-DISCRIMINATORY POLICY. SCHEDULE E, PART I, LINE 6 THE COLLEGE RECEIVES FINANCIAL AID FOR STUDENTS IN THE FORM OF PELL GRANTS, SUPPLEMENTAL OPPORTUNITY GRANTS, FEDERAL WORK STUDY, AND FEDERAL FAMILY EDUCATIONAL LOANS. THESE ARE AWARDED TO STUDENTS BASED ON FEDERAL ELIGIBILITY REQUIREMENTS. STRONG & COURAGEOUS 41250 41250 5786 NORTHERN QUARTERLY RALLY 23361 23361 555 1 8462 8462 2717 73073 73073 9058 9058 64015 1 SCHOLARSHIPS TO ELIGIBLE STUDENTS 304 1855174 PART I, LINE 2: SCHOLARSHIPS TO ELIGIBLE STUDENTS WHO MEET THE CRITERIA OF THE COLLEGE OR TRUST INSTRUMENT WHO ESTABLISHED THE SCHOLARSHIP FUND. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY AN OUTSIDE PUBLIC ACCOUNTING FIRM. THE RETURN IS REVIEWED IN DETAIL BY THE VP FOR FINANCIAL AFFAIRS AND THE PRESIDENT OF THE COLLEGE. THE DRAFT IS EMAILED TO MEMBERS OF THE BOARD OF TRUSTEES FOR THEIR REVIEW AND APPROVAL PRIOR TO FILING THE RETURN WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C ALL BOARD MEMBERS ARE REQUIRED TO ANNUALLY DISCLOSE CERTAIN FINANCIAL INTERESTS AND FIDUCIARY RELATIONSHIPS. RESPONSES ARE REVIEWED TO DETERMINE IF FURTHER INVESTIGATION IS NECESSARY AND TO DETERMINE IF A CONFLICT EXISTS WITH RESPECT TO A CERTAIN TRANSACTION. IF A CONFLICT EXISTS, THE TRANSACTION IS NOT TO BE ENTERED INTO UNLESS ALTERNATIVES ARE FULLY INVESTIGATED, AND IN THEIR ABSENCE, THE BOARD, WITHOUT THE PARTICIPATION OF THE INTERESTED MEMBER(S), DETERMINES THAT THE TRANSACTION IS IN THE BEST INTEREST OF THE ORGANIZATION. PLANS TO MANAGE THE CONFLICT DURING THE RELATIONSHIP ARE IMPLEMENTED. ALL DISCUSSIONS ARE APPROPRIATELY DOCUMENTED. ALL OTHER EMPLOYEES ARE REQUIRED TO DISCLOSE ANY CIRCUMSTANCES, INCLUDING FAMILY AND BUSINESS RELATIONSHIPS, WHICH MAY CREATE A CONFLICT OF INTEREST FOR THE ORGANIZATION. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION APPROVAL PROCESS - IN DETERMINING COMPENSATION OF THE ORGANIZATION'S OFFICERS AND KEY EMPLOYEES, THE ANNUAL PROCESS PERFORMED BY WELCH COLLEGE INCLUDES A COMPENSATION SURVEY OR STUDY AND APPROVAL BY THE BOARD OF TRUSTEES. ADDITIONALLY, ALL DISCUSSIONS AND DECISIONS ARE CONTEMPORANEOUSLY DOCUMENTED. FORM 990, PART VI, SECTION C, LINE 19 THE COLLEGE MAKES IT GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE. THE COLLEGE'S FINANCIAL STATEMENTS ARE PUBLISHED FOR THE DENOMINATION AT LARGE AND PRESENTED ANNUALLY TO THE FREE WILL BAPTIST CONVENTION. FORM 990 IS ALSO AVAILABLE ON THE GUIDESTAR WEBSITE. NATIONAL ASSOC OF FREE WILL BAPTISTS 5233 MT VIEW ROAD ANTIOCH TN 37013 581542098 SPONSORING CHURCH/ DENOMINATION TN 501(C)(3) LINE 1 0 FREE WILL BAPTIST FOUNDATIOM 5233 MT VIEW ROAD ANTIOCH TN 37013 621172550 INVESTMENTS AND HOLDER OF COLLEGE DEBT TN 501(C)(3) LINE 1 0 RANDALL HOUSE PUBLICATIONS 114 BUSH ROAD NASHVILLE TN 37217 620676318 DENOMINATIONAL PUBLISHER TN 501(C)(3) LINE 1 0 FREE WILL BAPTIST MINISTRIES PARTNERSHIP 1045 BISON TRAIL GALLATIN TN 37066 815306067 LAND PURCHASE TN WELCH COLLEGE NONE AT PRESENT 1061607 0 1 0.38050 0 0 1 0 1 0 0 0 0 0 0 0 0 1 0 1 0 0 0