2022-03-03T09:33:50-06:00 2021-06-30 620647474 BLACKBURN CHILDERS & STEAGALL PLC 801B SUNSET DRIVE JOHNSON CITY TN 376043033 990 2020-07-01 620484185 TUSCULUM UNIVERSITY TUSC 4236367300 P O BOX 5100 GREENEVILLE TN 37744 BENITA BARE CFO 4236367300 2022-03-02 1 BENITA BARE 999009999 SARAH PRESNELL P01269151 4232824511 2022-03-02 3 AAL1 IAL1 2020 2022-09-23 18:48:47Z BENITA BARE P O BOX 5100 GREENEVILLE TN 37744 47879632 0 X HTTP://WWW.TUSCULUM.EDU X 1794 TN OPERATION AND MAINTENANCE OF AN INSTITUTION OF HIGHER EDUCATION. 17 17 610 50 0 0 9810623 7916217 35719496 34341261 1597639 5622154 0 0 47127758 47879632 15999849 15271866 0 0 17901097 14605820 0 0 295043 14909654 14069177 48810600 43946863 -1682842 3932769 107616715 114694317 56958957 59956711 50657758 54737606 TUSCULUM COLLEGE PROVIDES A LIBERAL ARTS EDUCATION IN A JUDEO-CHRISTIAN AND CIVIC ARTS ENVIRONMENT. 0 0 32066662 15271866 34341261 OPERATION AND MAINTENANCE OF AN INSTITUTION OF HIGHER LEARNING. 32066662 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 1 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 0 0 0 1 208 0 1 610 1 0 0 0 0 0 0 0 0 0 0 0 0 X 17 17 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 TN X JOHN WILKINSON CFO VP FOR FINANCE 4236367300 TUSCULUM COLLEGE GREENEVILLE TN 37745 DR GREGORY NELSON CHAIR 1.00 X X 0 0 0 MARK R WILLIAMS SECRETARY 3.00 X X 0 0 0 DR DAVID COLLINS TREASURER 5.00 X X 0 0 0 DR DAVID W BAKER MEMBER AT LARGE 1.00 X 0 0 0 DR LARRY BROTHERTON MEMBER AT LARGE 1.00 X 0 0 0 DR ALAN B CORLEY MEMBER AT LARGE 1.00 X 0 0 0 DR NANCY L DISHNER MEMBER AT LARGE 1.00 X 0 0 0 JAMES F DURHAM MEMBER AT LARGE 1.00 X 0 0 0 JO ANN S KRAMER MEMBER AT LARGE 1.00 X 0 0 0 REV LESTER D LATTANY MEMBER AT LARGE 1.00 X 0 0 0 DR JANE LOVVORN MORSE MEMBER AT LARGE 1.00 X 0 0 0 DR SCOTT M NISWONGER MEMBER AT LARGE 1.00 X 0 0 0 DR DANIEL M DONALDSON VICE CHAIR 1.00 X X 0 0 0 ANN E WESTERVELT MEMBER AT LARGE 1.00 X 0 0 0 DR WALTER JOHNSON MEMBER AT LARGE 1.00 X 0 0 0 CHARLOTTE O GRAY LIFE TRUSTEE-NON-VOTING 1.00 X 0 0 0 JAMES A EMORY LIFE TRUSTEE-NON-VOTING 1.00 X 0 0 0 DR ANGUS R SHAW III LIFE TRUSTEE-NON-VOTING 1.00 X 0 0 0 DR JERRY F WARD LIFE TRUSTEE-NON-VOTING 1.00 X 0 0 0 DR D BRUCE SHINE LIFE TRUSTEE-NON-VOTING 1.00 X 0 0 0 DR ROBERT H BAILEY LIFE TRUSTEE-NON-VOTING 1.00 X 0 0 0 DR SAMUEL L DOAK LIFE TRUSTEE-NON-VOTING 1.00 X 0 0 0 DR THOMAS J GARLAND LIFE TRUSTEE-NON-VOTING 1.00 X 0 0 0 SANFORD R MILLER JR MEMBER AT LARGE 1.00 X 0 0 0 JIMMY RODEFER MEMBER AT LARGE 1.00 X 0 0 0 ELEANOR TOM JAYNES ALUMNI ADVISOR 1.00 X 0 0 0 DR TRICIA HUNSADER VP OF ACADEMIC AFFAIRS/PRO 45.00 X 159827 0 20714 MR SCOTT SMITH - BEGINNING 9820 CHIEF HUMAN RESOURCE OFFICER 45.00 X 26251 0 1728 DR BLAIR F HENLEY - THRU 71020 VP OF INFORMATION SYSTEMS 45.00 X 70257 0 6828 KIMBERLY KIDWELL - BEGINNING 12120 ASSOCIATE VP FOR ADVANCEMENT 45.00 X 55709 0 5539 DR RAMONA WILLIAMS VP OF ENROLLMENT MANAGEMENT 45.00 X 109911 0 1087 DOUGLAS N JONES VP OF ATHLETICS 45.00 X 114857 0 21033 JOHN WILKINSON - THRU 102820 VP OF FINANCE, CFO 45.00 X 92597 0 24702 DR SCOTT HUMMEL PRESIDENT/EX OFFICIO 45.00 X 231811 0 7158 BENITA BARE - BEGINNING 030121 VP OF FINANCE, CFO 45.00 X 0 0 0 ANDREW R BUZZELLI - THRU 52820 VP OF OPTOMETRY 45.00 X 119871 0 4492 981091 0 93281 5 0 1 0 CHARTSWELL DINING SERVICES 2 INTERNATIONAL DRIVE RYE BROOK NY 10573 CAFETERIA SERVICES 2494757 ANTHOLOGY INC 5201 CONGRESS AVE BOCA RATON FL 33487 ERP SYSTEM 445239 TIAA-CREF P O BOX 933326 ATLANTA GA 311933326 MANAGE RETIREMENT PLAN 411751 MORRISTOWN MEDICAL PROPERTIES LLC 1 TOWN CENTER RD STE 300 BOCA RATON FL 33486 RENT 146611 FEILE SOLUTIONS LLC 2009 LINDSEY RD DANDRIDGE TN 37725 CONSULTING 146503 7 55000 6893566 967651 7916217 TUITION AND FEES 611710 27801076 27801076 AUXILIARY ENTERPRISES 611710 6332417 6332417 OTHER INCOME 611710 207768 207768 34341261 5622154 5622154 47879632 34341261 0 5622154 15271866 15271866 922655 413073 509582 11835571 7859471 3800090 176010 1847594 1207035 613446 27113 32068 32068 141562 141562 107305 107305 1052916 264955 752904 35057 108362 45171 51923 11268 579808 119738 441592 18478 1545238 1279995 263927 1316 450213 347460 102076 677 66395 6462 59933 1858759 1858759 1875520 1098596 757863 19061 630048 341984 288064 OTHER EXPENSES 5620983 3810856 1804064 6063 43946863 32066662 11585158 295043 1010 1011 1227290 5419091 403463 230840 3285480 3781801 307029 358828 89230 330817 115782626 38713082 78256826 77069544 24046387 27502385 107616715 114694317 3131050 2934310 102933 32216 53582834 56862935 142140 127250 56958957 59956711 X 24240511 26449896 26417247 28287710 50657758 54737606 107616715 114694317 X 3932769 57254 89825 X X 0 1 X 1 1 1 X 4403691 4597303 4405449 9810623 7916217 31133283 4403691 4597303 4405449 9810623 7916217 31133283 31133283 871549 1039797 2193931 1597639 5622123 11325039 42458322 181885776 0.73330 0.76060 X SCHEDULE A, PART I, LINES 1 AND 7 TUSCULUM COLLEGE RECEIVED AN IRS DETERMINATION LETTER FEBRUARY, 1934 STATING THAT THE ORGANIZATION WAS RECOGNIZED AS AN ORGANIZATION EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. ADDITIONALLY, THE ORGANIZATION WAS ALSO DETERMINED NOT TO BE A PRIVATE FOUNDATION AS DEFINED IN SECTION 509(A) OF THE CODE BECAUSE IT WAS AN ORGANIZATION DESCRIBED IN SECTION 509(A)(1) AND SECTION 170(B)(1)(A)(II), WHICH IS IDENTIFIED IN SCHEDULE A, PART 1, LINE 2 AS A SCHOOL. IT IS AN EDUCATIONAL ORGANIZATION WHICH NORMALLY MAINTAINS A REGULAR FACULTY AND CURRICULUM AND NORMALLY HAS A REGULARLY ENROLLED BODY OF PUPILS OR STUDENTS IN ATTENDANCE AT THE PLACE WHERE ITS EDUCATIONAL ACTIVITIES ARE REGULARLY CARRIED ON. PER THE 2013 INSTRUCTIONS FOR SCHEDULE B, SCHEDULE OF CONTRIBUTORS, THE INTERNAL REVENUE SERVICE HAS CLARIFIED THAT IN ORDER FOR THE COLLEGE TO REPORT ITS CONTRIBUTIONS UNDER THE SPECIAL RULE, THE ORGANIZATION MUST NOW CHECK BOX 7 OF SCHEDULE A, PART I, AND COMPLETE SCHEDULE A, PART II, SUPPORT SCHEDULE FOR ORGANIZATIONS DESCRIBED IN SECTIONS 170(B)(1)(A)(IV) AND 170(B)(1)(A)(VI). RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 23971398 382448 5220153 3801421 25772578 23492873 315874 1133725 971074 23971398 22048239 361202 1419185 -990171 22838455 21081602 174585 1533809 -741757 22048239 18631620 788187 2294731 -632936 21081602 0 1 1 324290 324290 107773314 33562981 74210333 5657937 3554290 2103647 2027085 1595811 431274 77069544 LONG-TERM INVESTMENTS 27502385 F 27502385 ADVANCES FROM FEDERAL GOVERNMENT FOR STUDENT LOANS 118265 DUE TO RELATED ORGANIZATION 8985 127250 X 33204166 57254 387064 444318 32759848 15119784 15119784 47879632 28892066 9987 9987 28882079 15064784 15064784 43946863 PART V, LINE 4: THE COLLEGE'S PERMANENTLY RESTRICTED NET ASSETS (ENDOWMENT FUNDS) ARE COMPOSED OF FUNDS RESTRICTED FOR GENERAL USE, SCHOLARSHIPS, PLANT, CHAIRS, AND OTHER. PART X, LINE 2: NOTE 14 - UNCERTAINTY IN INCOME TAXES THE UNIVERSITY FOLLOWS THE FASB ASC, WHICH PROVIDES GUIDANCE ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES RECOGNIZED IN AN ORGANIZATION'S FINANCIAL STATEMENTS. AS OF JUNE 30, 2021 AND 2020, THE UNIVERSITY HAD NO UNCERTAIN TAX POSITIONS THAT QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE UNIVERSITY'S FINANCIAL STATEMENTS. THE UNIVERSITY'S POLICY IS TO RECOGNIZE INTEREST AND PENALTIES ON UNRECOGNIZED TAX BENEFITS IN INCOME TAX EXPENSE IN THE FINANCIAL STATEMENTS. HOWEVER, NO INTEREST OR PENALTIES WERE RECORDED DURING THE YEARS ENDED JUNE 30, 2021 AND 2020. PART XI, LINE 2D - OTHER ADJUSTMENTS: REVENUES OF EXEMPT PRIVATE FOUNDATION 297,239. CHANGE IN VALUE OF CHARITABLE GIFT ANNUITIES 89,825. PART XI, LINE 4B - OTHER ADJUSTMENTS: INSTITUTIONAL SCHOLARSHIPS OFFSETTING STUDENT TUITION AND FEES 14,957,479. DONATION FROM EXEMPT PRIVATE FOUNDATION 55,000. INVESTMENT FEES EXPENSES OFFSETTING INVESTMENT INCOME 107,305. PART XII, LINE 2D - OTHER ADJUSTMENTS: EXPENSES OF EXEMPT PRIVATE FOUNDATION 9,987. PART XII, LINE 4B - OTHER ADJUSTMENTS: INSTITUTIONAL SCHOLARSHIPS OFFSETTING STUDENT TUITION AND FEES 14,957,479. INVESTMENT FEES EXPENSES 107,305. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 THIS POLICY IS USED IN ALL RECRUITMENT MATERIAL FOR STUDENTS AND IS DEFINED IN THE STUDENT HANDBOOK. SCHEDULE E, PART I, LINE 6 THE GOVERNMENTAL AGENCIES THAT PROVIDE FINANCIAL ASSISTANCE ARE THE UNITED STATES DEPARTMENT OF EDUCATION AND THE UNITED STATES DEPARTMENT OF AGRICULTURE. 1 CASH SCHOLARSHIPS FOR STUDENTS ATTENDING TUSCULUM COLLEGE IN GREENE COUNTY, TENNESSEE. 1229 15271866 N/A N/A PART I, LINE 2: THE COLLEGE DOES NOT GIVE ANY NON-CASH SCHOLARSHIPS. SCHOLARSHIPS ARE DISBURSED TO STUDENTS THROUGH CREDITING THEIR STUDENT ACCOUNTS. IF THE STUDENT HAS ANY EXCESS SCHOLARSHIP FUNDS OVER THEIR CHARGES, THESE FUNDS ARE DISBURSED TO THE STUDENT BY CHECK. THE COLLEGE'S PROCEDURES FOR MONITORING GRANT FUNDS IN THE U.S. ARE AS FOLLOWS: THE COLLEGE HAS APPOINTED DIRECTORS, WHO REPORT TO THE APPROPRIATE VICE PRESIDENTS, OVER ALL FEDERAL GRANT PROGRAMS. THESE DIRECTORS ARE CHARGED WITH PERFORMING ALL GRANT-RELATED ACTIVITIES INCLUDING APPLICATION, MONITORING OF EXPENDITURES AND REPORTING, WITH THE EXCEPTION OF DRAW-DOWNS OF FEDERAL FUNDS. DRAW-DOWNS ARE PERFORMED BY THE COLLEGE'S CONTROLLER AFTER REQUESTS ARE MADE BY THE DIRECTOR TO THE CONTROLLER. THE CONTROLLER REVIEWS THE REQUESTS FOR DRAW-DOWNS, WHICH INCLUDE DOCUMENTATION OF ALL DIRECT AND INDIRECT PROGRAM EXPENSES, BEFORE MAKING THE DRAW-DOWNS. A SINGLE AUDIT IS PERFORMED ANNUALLY BY THE COLLEGE'S INDEPENDENT AUDITORS. X X 1 1 X X X X 0 0 0 0 0 0 0 0 0 DR SCOTT HUMMEL PRESIDENT/EX OFFICIO 231811 0 0 0 0 0 0 0 7158 0 238969 0 0 0 DR TRICIA HUNSADER VP OF ACADEMIC AFFAIRS/PRO 159827 0 0 0 0 0 450 0 20264 0 180541 0 0 0 PART I, LINE 1A TUSCULUM COLLEGE OWNS A HOUSE ON THE COLLEGE'S CAMPUS WHERE THE PRESIDENT LIVES. DURING THE COLLEGE'S SEARCH FOR A PRESIDENT, IT WAS STIPULATED THAT THE COLLEGE WANTED THE PRESIDENT TO LIVE ON CAMPUS. THE PRESIDENT'S HOUSE (WHICH IS ON CAMPUS) IS CLEANED BY CAMPUS HOUSEKEEPING SERVICES (THE SAME ONES THAT CLEAN STUDENT DORMS). PART I, LINE 1B PROVISIONS FOR THE PRESIDENT'S ON-CAMPUS RESIDENCE WERE INCLUDED IN HIS/HER WRITTEN EMPLOYMENT CONTRACT. PART I, LINE 3 THE BOARD OF TRUSTEES HAS A COMPENSATION COMMITTEE FOR THE COMPENSATION OF THE PRESIDENT. THE COMPENSATION COMMITTEE REVIEWED FORM 990'S OF PEER INSTITUTIONS WHEN DETERMINING THE PRESIDENT'S COMPENSATION. AS STATED ABOVE, PROVISIONS FOR THE PRESIDENT'S ON-CAMPUS RESIDENCE WERE INCLUDED IN WRITTEN EMPLOYMENT CONTRACT. PART I, LINE 5 NOT APPLICABLE PART I, LINE 6 NOT APPLICABLE PART I, LINE 7 NONE NOTED PART I, LINE 8 NONE NOTED SCOTT M NISWONGER MEMBER OF THE BOARD OF TRUSTEES 17104400 MR. SCOTT M. NISWONGER, A MEMBER OF THE BOARD OF FIRST HORIZON NATIONAL CORPORATION, IS A MEMBER OF THE COLLEGE'S BOARD OF TRUSTEES. THE COLLEGE HAS A $4,000,000 LINE OF CREDIT WITH FIRST HORIZON BANK, OF WHICH $4,000,000 HAS BEEN DRAWN UPON AS OF 06/30/21. THE COLLEGE ALSO HAS ITS BANKING RELATIONSHIP AND AN INVESTMENT MANAGEMENT ACCOUNT WITH FIRST HORIZON BANK ADVISORS. 0 MARK R WILLIAMS SECRETARY OF THE BOARD OF TRUSTEES 296874 MR. MARK WILLIAMS, A BROKER AT CENTURY 21, LEGACY, AND A DIRECTOR OF THE BOARD OF ANDREW JOHNSON BANK, IS THE SECRETARY OF TUSCULUM COLLEGE'S BOARD OF TRUSTEES. AS A TRUSTEE, HE GAINS ACCESS TO NEW EMPLOYEE HIRES IN ORDER TO APPROACH THEM AS A BROKER AGENT FOR REAL ESTATE SALES AND ACQUISITIONS. THE COLLEGE HAS A BANKING RELATIONSHIP WITH ANDREW JOHNSON BANK. 0 FORM 990, PART VI, SECTION A, LINE 2 SCOTT M. NISWONGER AND NANCY L. DISHNER ARE MEMBERS OF THE BOARD OF TRUSTEES OF TUSCULUM COLLEGE. SCOTT M. NISWONGER IS THE CHAIRMAN OF THE BOARD AND FOUNDER OF NISWONGER FOUNDATION, INC. NANCY L. DISHNER IS THE PRESIDENT AND CEO OF NISWONGER FOUNDATION, INC. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 WILL BE PRESENTED BY AN INDEPENDENT CPA FIRM TO THE AUDIT COMMITTEE. THE AUDIT COMMITTEE WILL REVIEW THE FORM 990, AND WILL THEN HAVE A TEN DAY PERIOD OF TIME TO COMMENT. AFTER THIS TEN DAY PERIOD, THE FULL BOARD OF TRUSTEES WILL REVIEW THE FORM 990, AND WILL ALSO HAVE A TEN DAY PERIOD OF TIME TO COMMENT. THE BOARD OF TRUSTEES WILL THEN VOTE ON THE ACCEPTANCE OF THE FORM 990, WHICH WILL THEN BE FILED WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C ANNUALLY, EACH MEMBER OF THE BOARD OF TRUSTEES SUBMITS A SIGNED CONFLICT OF INTEREST AGREEMENT. AT THIS TIME, ANY KNOWN CONFLICTS OR POTENTIAL CONFLICTS OF INTEREST ARE DISCLOSED TO THE GOVERNING BODY. SHOULD THE POTENTIAL OF A CONFLICT OF INTEREST ARISE, THE SUBJECT WILL BE DISCLOSED AND THE GOVERNING BOARD MEMBER WILL EXCUSE THEMSELVES FROM VOTING ON THE MATTER IN QUESTION. FORM 990, PART VI, SECTION B, LINE 15 THE CEO'S COMPENSATION IS REVIEWED BY THE BOARD OF TRUSTEES AND NEGOTIATED BY ONE'S LENGTH OF SERVICE BY THE CHAIRMAN OF THE BOARD ON THE ADVICE FROM AN INDEPENDENT COUNSEL TO THE GOVERNING BOARD. OTHER OFFICERS OR KEY EMPLOYEES RECEIVE A BI-ANNUAL EVALUATION, AT WHICH TIME COMPENSATION IS COMPARABLE WITH CUPA-HR DATA. THE EVALUATION DOCUMENT IS REVIEWED AND APPROVED BY THE PRESIDENT. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF CHARITABLE GIFT ANNUITIES 89,825. FORM 990, PART XII, LINE 2C TUSCULUM COLLEGE'S PROCESS FOR ITS AUDIT COMMITTEE, WHICH ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE ANNUAL AUDIT OF ITS FINANCIAL STATEMENTS AND FOR THE SELECTION OF AN INDEPENDENT ACCOUNTANT, HAS NOT CHANGED FROM THE PRIOR YEAR. TUSCULUM TOMORROW TRUST P O BOX 5100 GREENEVILLE TN 37743 621159245 PROVIDES CHARITABLE GRANTS TO TUSCULUM COLLEGE TN 501(C)(3) PF TUSCULUM COLLEGE 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 TUSCULUM TOMORROW TRUST C 55000 CASH RECEIPTS